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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 21

      Murad Mahmudov  🚀 Retweeted Tushar Jain

      "The reason gold was used as money more than granite is no longer relevant." I disagree. Yes moneys are stories, but they are not arbitrary stories. The money-winners eventually emerge due to possessing very specific characteristics.https://twitter.com/TusharJain_/status/1009926106504400897 …

      Murad Mahmudov  🚀 added,

      Tushar Jain @TusharJain_
      5/ Why is gold more money than granite? Because people have used gold as money more than granite as money. The reason gold was used as money more than granite is no longer relevant. After millennia of history, the story of gold as money matters more than the original reasons.
      Show this thread
      6 replies 28 retweets 147 likes
      Show this thread
    2. panek‏ @panekkkk Jun 21
      Replying to @MustStopMurad

      $ETH is aiming to be more usable *overall* not just as a dapp platform. Every blockchain is making a tradeoff in the scalability trilema. Pretending that $BTC isn’t is fooling yourself and others. It cannot exist as a global, decentralized, highly secure SOV w/out L1 scale.

      3 replies 0 retweets 5 likes
    3. Dexter Valkyrie‏ @Dexter_Valkyrie Jun 21
      Replying to @panekkkk @MustStopMurad

      > "The money-winners eventually emerge due to possessing very specific characteristics" This of course suggests that gold emerged as winner due to its *intrinsic* props [like its malleability and conductivity] - not props bequeathed to it by human preference. A false assertion.

      2 replies 0 retweets 0 likes
    4. Dexter Valkyrie‏ @Dexter_Valkyrie Jun 21
      Replying to @Dexter_Valkyrie @panekkkk @MustStopMurad

      The answer to the question of "why gold?" is deeper than any explanation that may be offered by any puritan Austrian School construction. It's a clear instance of arbitrary human preference [this of course is a generalization of whatever the answer may be].

      1 reply 0 retweets 0 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad Jun 21
      Replying to @Dexter_Valkyrie @panekkkk

      The early draw might have been human preference just like it was with other shiny stones, beads and golden nuts. But the reason it persisted through millenia is precisely because it’s difficult to rapidly inflate, unlike other money-forms similarly instinctively desired by humans

      2 replies 0 retweets 0 likes
    6. Dexter Valkyrie‏ @Dexter_Valkyrie Jun 21
      Replying to @MustStopMurad @panekkkk

      On the contrary, it's particularly easy to inflate. To improve its hardness [with the more sinister reason to inflate it], gold is mixed with silver and/or copper. It's exactly what the ancient Romans complained about their Caesars.

      1 reply 0 retweets 0 likes
    7. Murad Mahmudov  🚀‏ @MustStopMurad Jun 21
      Replying to @Dexter_Valkyrie @panekkkk

      That’s not total aboveground supply inflation. That’s dilution & counterfeiting, which is different.

      2 replies 0 retweets 0 likes
    8. Dexter Valkyrie‏ @Dexter_Valkyrie Jun 21
      Replying to @MustStopMurad @panekkkk

      Lol. What would be the analogy of dilution in Bitcoin - and still pass as currency as gold was?

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jun 21
      Replying to @Dexter_Valkyrie @panekkkk

      I guess a double-spend. But it’s not cheap or easy to execute.

      5:57 PM - 21 Jun 2018
      1 reply 0 retweets 0 likes
        1. Dexter Valkyrie‏ @Dexter_Valkyrie Jun 21
          Replying to @MustStopMurad @panekkkk

          That won't be accepted by the Bitcoin network [it won't pass as currency].

          0 replies 0 retweets 0 likes
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