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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. Murad Mahmudov  🚀‏ @MustStopMurad Jun 21
      Replying to @Dexter_Valkyrie @panekkkk

      No. It's because it has the highest stock-to-flow ratio. Other people can't easily inflate the supply. This makes it great for wealth preservation.

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

      I can't name any other. And it's not because there's no other, as absence of evidence doesn't equal evidence of absence. Gold happened to be the first ancient metal identified with that property. First Comer advantage, basically, and folks settled on that.

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

      There is only one major object with significantly higher stock-to-flow ratio than Gold. Bitcoin. 🌱

      2 replies 0 retweets 1 like
    7. panek‏ @panekkkk Jun 21
      Replying to @MustStopMurad @Dexter_Valkyrie

      I can go create an ERC20 token tomorrow with higher ratio. Again, fixed supply does not on its own create value. Demand needs to come from elsewhere. So it comes down to the right mix and score across various fundamental properties. And that’s where we find room for disagreement.

      2 replies 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jun 21
      Replying to @panekkkk @Dexter_Valkyrie

      Fixed supply is *one* of 7-8 desirable properties.

      5:59 PM - 21 Jun 2018
      • 2 Likes
      • EBayco panek
      0 replies 0 retweets 2 likes

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