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Ahimsa_Satya_'s profile
Ahimsa
Ahimsa
Ahimsa
@Ahimsa_Satya_

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Ahimsa

@Ahimsa_Satya_

Exponential Growth Curve
Joined August 2017

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    1. Eric Weinstein‏Verified account @EricRWeinstein 28 Nov 2017

      Tired of “Bitcoin gains in value!” headlines? Try this: “Against a mysterious world-wide low-grade revolution in the industrialized world, the dollar & other violence backed fiat currency continued their collective plunge against math backed Bitcoin.”

      53 replies 499 retweets 1,583 likes
      Show this thread
    2. Eric Weinstein‏Verified account @EricRWeinstein 28 Nov 2017

      Note: I’m *not* a Bitcoin evangelist & I don’t pretend to know the future. I do know of other ways to view this event that must be explored.

      11 replies 7 retweets 87 likes
      Show this thread
    3. Kenny Zoo‏ @kennyzool 29 Nov 2017
      Replying to @EricRWeinstein

      Or just 'it's another in a long line of perceived but false paradigm-shifting new techno/utopian dawns that like ALL such bubbles preceding it in the history of civilization will end in ruin'

      1 reply 0 retweets 1 like
      Ahimsa‏ @Ahimsa_Satya_ 29 Nov 2017
      Replying to @kennyzool @EricRWeinstein

      Considered this a lot. Somewhat plays on my libertarian bias and I enjoy Austrian Economics. Waited way to long to buy in because of it but I’m still not sure. Can’t know until the future gets here!

      4:38 AM - 29 Nov 2017
      • 1 Like
      • Kenny Zoo
      1 reply 0 retweets 1 like
        1. New conversation
        2. Kenny Zoo‏ @kennyzool 29 Nov 2017
          Replying to @Ahimsa_Satya_ @EricRWeinstein

          I agree. There was a window but it has long since closed. No idea who's buying at these insanse prices or what their rationale is other than 'but it keeps going up!'. My taxi driver told me all about his crypto portfolio last week, my waiter today!!

          1 reply 0 retweets 0 likes
        3. Ahimsa‏ @Ahimsa_Satya_ 29 Nov 2017
          Replying to @kennyzool @EricRWeinstein

          Hard to tell what it’s worth though and the mathematics are stronk

          1 reply 0 retweets 0 likes
        4. Kenny Zoo‏ @kennyzool 29 Nov 2017
          Replying to @Ahimsa_Satya_ @EricRWeinstein

          You could make Bitcoin2, identical in every way to Bitcoin, and release it to the world tomorrow. 'Hard forks' like BitcoinCash are *effectively* massive dilution exercises (doubling the supply). The maths is redundant, it's all about basic human psychology + 'new paradigm'

          1 reply 0 retweets 0 likes
        5. Ahimsa‏ @Ahimsa_Satya_ 29 Nov 2017
          Replying to @kennyzool @EricRWeinstein

          Of course it’s all about human psychology. As you can see not everyone just rushes out of Bitcoin whenever “bitcoin2” comes out because bitcoin still has more trust and acceptance and thus use and value

          1 reply 0 retweets 0 likes
        6. Kenny Zoo‏ @kennyzool 29 Nov 2017
          Replying to @Ahimsa_Satya_ @EricRWeinstein

          It has zero (current) use and this use case has not changed materially since it was 10c. As for 'value' let's see, it's far and away the most volatile 'investment', let alone currency in the entire world, and that usually ends in tears.

          1 reply 0 retweets 0 likes
        7. Ahimsa‏ @Ahimsa_Satya_ 29 Nov 2017
          Replying to @kennyzool @EricRWeinstein

          I disagree. If you view it like a language it makes more sense. The more people use a given language the more valuable it is because the more you can use it to communicate. It also drives out supposedly technically “superior” languages a la Esperanto

          1 reply 0 retweets 0 likes
        8. Kenny Zoo‏ @kennyzool 29 Nov 2017
          Replying to @Ahimsa_Satya_ @EricRWeinstein

          Except I don't view it like a language because it's not remotely like one

          1 reply 0 retweets 0 likes
        9. Ahimsa‏ @Ahimsa_Satya_ 29 Nov 2017
          Replying to @kennyzool @EricRWeinstein

          A protocol is like a language, it allows you to communicate effectively. It spreads like a language, like products with network effects. Andre Orlean is an excellent economist on this in his Empire of Value

          0 replies 0 retweets 0 likes
        10. End of conversation

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