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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. Eric Lombrozo‏Verified account @eric_lombrozo Jun 26
      Replying to @bendavenport @WhalePanda

      If the incentives built into the protocol do not promote decentralization well before people are able to take big profits, I am not convinced they will align better afterwards. Centralization is more efficient as well as more profitable, as long as the authority is trusted.

      1 reply 1 retweet 3 likes
    2. Eric Lombrozo‏Verified account @eric_lombrozo Jun 26
      Replying to @eric_lombrozo @bendavenport @WhalePanda

      If history is any guide, people who rise to positions of wealth and power tend to seek out greater centralization the more powerful they become.

      2 replies 1 retweet 5 likes
    3. Nathan Wilcox‏ @least_nathan Jun 26
      Replying to @eric_lombrozo @bendavenport @WhalePanda

      I think this is basically the only strong argument I've heard about the Zcash Founders' Reward that I find compelling. Any thoughts on how to incentivize decentralization?

      1 reply 1 retweet 7 likes
    4. Eric Lombrozo‏Verified account @eric_lombrozo Jun 26
      Replying to @least_nathan @bendavenport @WhalePanda

      I am not sure it's really possible once the incentives are so skewed and the stakes so high. Perhaps start over from scratch and avoid attempts at monetization until the network is mature.

      1 reply 0 retweets 0 likes
    5. Eric Lombrozo‏Verified account @eric_lombrozo Jun 26
      Replying to @eric_lombrozo @least_nathan and

      It seems almost beyond human capability, though...to sacrifice so much and then walk away from a chance at fortune. This is one of the things that most sets Bitcoin apart...the legendary founder who stepped down and vanished. Totally different type of mindset than being CEO.

      1 reply 2 retweets 2 likes
    6. Eric Lombrozo‏Verified account @eric_lombrozo Jun 26
      Replying to @eric_lombrozo @least_nathan and

      .@least_nathan I wish I could offer more constructive advice. But the more I see of these coins where profit comes from monetization of the coin rather than from building tech around it, the more cynical I get about this.

      1 reply 0 retweets 0 likes
    7. Nathan Wilcox‏ @least_nathan Jun 27
      Replying to @eric_lombrozo @bendavenport @WhalePanda

      Are you saying Bitcoin had a similar problem but Satoshi Nakamoto just happened to be an extremely exceptional human?

      1 reply 0 retweets 1 like
    8. Nathan Wilcox‏ @least_nathan Jun 27
      Replying to @least_nathan @eric_lombrozo and

      BTW- if Bitcoin upgrades to pervasive mandatory privacy and full fungibility, I'd consider it mission accomplished, so there's two success routes, in my mind: decentralize a strong privacy system, or transition a strongly decentralized system to full privacy.

      1 reply 1 retweet 5 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jun 27
      Replying to @least_nathan @eric_lombrozo and

      Dear Nathan, what are some ways you plan / wish to see Zcash become more decentralized in the years to come?

      4:02 AM - 27 Jun 2018
      • 3 Likes
      • zooko Eric Lombrozo Mirela Causevic
      0 replies 0 retweets 3 likes

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