Ross Ulbricht is sitting for more than 200 days in the county jail. The total amount to be two times in a lifetime due to his involvement with Silk Road. In 2013, it fell to the canvas for the online marketplace the Silk Road. Until that time, here are a lot of drugs and other illegal products and services are traded for bitcoin. Labs is writing from a prison, and a passionate argument that bitcoin is freedom. Below is the English translation:
By Ross Ulbricht
It happened to be something special in it’s first year, Satoshi us, bitcoin was something that no one could have expected, and many thought that it would be impossible. You can try bitcoin at that time, and it is going to buy it, before there is an exchange rate, it was before anyone really knew what to do with it, it would be done. Bitcoin is not started as a money. It was the money, but in a completely different way than the way that all the money now before it really did. Bitcoin has had quite a lot and in a lot of ways, the world has changed. Still understand and appreciate it, we are not at all what it is in the very early days of bitcoin has happened, then bitcoin is a toy for the nerds, it was.
Each of the other funds that, prior to bitcoin, dating in the history of human civilization, was of value because of any reason other than that it is as if the money would be used. Cattle, Africa, stamps at the prison, seashells, and precious metals, all funds will be used and will fit in with this pattern. The only exception to this is fiat money, which, by an authority if the money is to be considered), but even in the national fiat currencies that were once backed by something with the previous value, such as gold.
Bitcoin has changed all that. Bitcoin has had no previous value, and no one was forced to use it, but one way or the other, it was as a medium of exchange. People who have bitcoin don’t understand, and there is very little in order to give it as a fee to accept it, because they know that it can be used to do something else to pay for it. Or simply, to exchange for conventional money.
They call often, and the pizzas that have been bought for ten thousand bitcoins, and in retrospect, they laugh at the guy with a lunch of several millions of dollars to be at. I’m more interested in the person who has two perfectly good pizzas for only bitcoins. What did he see in those bits and bytes of the digital signature to something, it is a blockchain called? The seller has to be motivated, it may also be the reason why early miners were on board, even if your bitcoin is still not able to sell it, but it had been little more than a store of value. This may be the inspiration to why some of the thousands of bitcoins out there. Well, whatever it is, it’s something new.
Classical economics says that it is an exchange of goods or services will only take place if both parties are what they are, a warrior rate than what they are giving up. So, where did the value come from? According to this example, bitcoin will never be a success, but it’s ok. Even with a new product that has some value, and early adopters are taking the risk that they will not be value for money. They are expected to eventually be to the benefit of the exchange.
On the other hand, who are the early adapters of bitcoin would never be able to predict where bitcoin is able to do so. She had just been a dream, a way of life, and enough infectious enthusiasm to make a digital niche is a phenomenon in which trillions of dollars have to be used. And here we are beginning just now to the effect of, to see it.
I’ll tell you what I think is happening, but the truth is, no one knows. It’s almost magical that a single bitcoin in one way or another, from out of nowhere and without a preceding value or authority for the money it is now. However, the rise and rise of bitcoin did not happen in a vacuum. It was a solution to a problem that cryptografen for many years wrestled with: how do you make a digital money that has not been tampered with, without a central authority or, where you have to rely on.
This problem has remained like so for a long time, that some of the solution to the others will give up on us. Instead, dreamed of them, about how our future would look like with a decentralized, digital money. She dreamed of a future in which the economic power of the world, for everyone, where the value of a keystroke, from anywhere, can be transferred to them. They are dreaming of prosperity and freedom, and only depends on the mathematics of strong encryption.
Bitcoin was, therefore, a fertile ground is born, and it was welcomed with open arms by those who had been waiting for. It was a historic moment for them, it is much more important than a pizza, or electricity bills by a min. The promise of freedom and the draw of the lot, and gave the early community of the energy.
Bitcoin is deliberately but spontaneously and out of nothing the money. Our world will never be the same again.
