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MustStopMurad's profile
Murad Mahmudov 🚀
Murad Mahmudov 🚀
Murad Mahmudov  🚀
@MustStopMurad

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Murad Mahmudov  🚀

@MustStopMurad

Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.

New York, NY
Joined March 2017

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    1. Murad Mahmudov  🚀‏ @MustStopMurad Jun 2
      Replying to @fiebsy @vega113t

      There is a reason why Gold’s market cap is 400x bigger than Silver’s. For them to hold said value, they need the global cognitive consensus around SoV to converge to that particular coin. It to be the most secure, censorship-resistant and have the most credible monetary policy.

      1 reply 0 retweets 0 likes
    2. Derick Fiebiger‏ @fiebsy Jun 2
      Replying to @MustStopMurad @vega113t

      They need the global consensus that Gold is more valuable than Silver, that's all. Is Gold far more "secure and censorship-resistant" than Silver? No, the material is perceived to be more valuable for other reasons (scarcity, decorative purposes, malleability/utility, etc.).

      1 reply 0 retweets 0 likes
    3. Murad Mahmudov  🚀‏ @MustStopMurad Jun 2
      Replying to @fiebsy @vega113t

      No. Gold is much harder to unearth, and thus expand the supply.

      2 replies 0 retweets 0 likes
    4. Derick Fiebiger‏ @fiebsy Jun 2
      Replying to @MustStopMurad @vega113t

      Yup, that falls into the scarcity component I listed.

      1 reply 0 retweets 0 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad Jun 2
      Replying to @fiebsy @vega113t

      Silver has 30x the number of industrial use-cases than Gold, and yet the latter is 400x bigger. Money is less about utility and “things you can do with it”, and more about Security + Credibility of Monetary Supply.

      2 replies 0 retweets 0 likes
    6. Derick Fiebiger‏ @fiebsy Jun 2
      Replying to @MustStopMurad @vega113t

      It's all about perceived value. It's entirely possible that the most censorship resistant and immutable protocol is not perceived as the most valuable coin.

      1 reply 0 retweets 0 likes
    7. Yuri Z.‏ @vega113t Jun 2
      Replying to @fiebsy @MustStopMurad

      Just read the "Bitcoin Standard" book, it exactly explains why you are wrong (or more exactly there are things your are not aware of).

      1 reply 0 retweets 1 like
    8. Parker‏ @P4Cap Jun 2
      Replying to @vega113t @fiebsy @MustStopMurad

      The “Bitcoin Standard” also claims that “sound money would have stopped WW1” quite vigorously. It’s pseudo-economics and pseudo-history.

      2 replies 0 retweets 1 like
    9. Murad Mahmudov  🚀‏ @MustStopMurad Jun 2
      Replying to @P4Cap @vega113t @fiebsy

      Several Governments have stopped convertability to Gold in 1914-1915 to print as much as they can (steal from the populaion) to finance war. That is a historical fact. Nothing “pseudo” about it

      1 reply 0 retweets 0 likes
    10. Parker‏ @P4Cap Jun 2
      Replying to @MustStopMurad @vega113t @fiebsy

      That is not the only reason that world war 1 continued. He presents that as fact and that is absolute nonsense. Do you want me to list all of the other reasons why world war 1 continued or was it really just sound money? I'll get into Europeans borrowing from the USA if you want.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jun 2
      Replying to @P4Cap @vega113t @fiebsy

      There were many reasons, but this was indubitably in the top 5 of reasons. It was most relevant in the context of Gold/Fiat/Bitcoin/State Power discussions that the book focused on.

      4:19 PM - 2 Jun 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Parker‏ @P4Cap Jun 2
          Replying to @MustStopMurad @vega113t @fiebsy

          Wow, @Frances_Coppola did a great job addressing this book. You should check it out: http://www.coppolacomment.com/2018/04/the-bitcoin-standard-critical-review.html … I'd love to hear your rebuttals.

          1 reply 0 retweets 1 like
        3. Yuri Z.‏ @vega113t Jun 3
          Replying to @P4Cap @MustStopMurad and

          I might try to answer your questions, but only in case you read the book. There's no point to try to educate you on complex issues when you even not interested to learn it.

          2 replies 0 retweets 1 like
        4. Parker‏ @P4Cap Jun 3
          Replying to @vega113t @MustStopMurad and

          I would basically turn that that around and say there is no point to educate you when you won’t even respond to her objections. Once I posted that article, the music stopped and you resorted to ad hominem.

          1 reply 0 retweets 1 like
        5. Yuri Z.‏ @vega113t Jun 3
          Replying to @P4Cap @MustStopMurad and

          Well throwing away FUD is a lot easier than rebutting it. Will take me a http://medium.com  post to rebut, but you will just pick the arguments you like more anyway. If you want - ask your own question about something you think you understand - then we can discuss.

          1 reply 0 retweets 0 likes
        6. Parker‏ @P4Cap Jun 3
          Replying to @vega113t @MustStopMurad and

          Ask what question? I don’t have any questions.

          0 replies 0 retweets 0 likes
        7. End of conversation

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