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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. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @_Kevin_Pham @paul_btc and

      5/ The developer buys Bitcoin to incentivize themselves to build a protocol that transacts with Bitcoin as it increases BTC demand. The developer can also be an early service provider an earn a lot of BTC just like Satoshi earned BTC by providing early mining services.

      3 replies 1 retweet 25 likes
    2. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @_Kevin_Pham @paul_btc and

      6/ Not by premining/printing Bitcoin out of thin air and allocating himself 1 million coins.

      2 replies 0 retweets 27 likes
    3. Naval‏ @naval Jul 1
      Replying to @_Kevin_Pham @paul_btc @schifter_

      I was with you until the last part. Developer buying Bitcoin doesn’t work. All you HODLers are free riders. Early mining doesn’t work as a pure miner will outperform you. The Satoshi head start doesn’t exist anymore. Thus premines. Incentives are everything.

      34 replies 5 retweets 55 likes
    4. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @naval @paul_btc @schifter_

      It works for devs that are confident they can add real value. Buy Bitcoin, create unstoppable global dapps that transact in Bitcoin increasing demand for Bitcoin, be a service provider for the dapp platform (similar to miners/exchanges) and increase your Bitcoin stack even more.

      4 replies 2 retweets 39 likes
    5. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @_Kevin_Pham @naval and

      Reinvest your early profits to become a dominant service provider similar to how bitmain is the dominant btc transaction processing service provider.

      1 reply 0 retweets 17 likes
    6. Naval‏ @naval Jul 1
      Replying to @_Kevin_Pham @paul_btc @schifter_

      But that’s the point. A new Satoshi can’t outmine Bitmain. Completely different skillsets. And devs have largely given up trying to build dapps on Bitcoin. Dapps need a chain optimized for executing complex apps.

      9 replies 2 retweets 49 likes
    7. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @naval @paul_btc @schifter_

      Read up on @bisq_network: Decentralized exchange built on top of Bitcoin multisig. Read up on @AbraGlobal: Non-custodial Stablecoins and synthetic cryptocurrencies using BTC/LTC multisig and centralized hedging on the back end. Also keep an eye on @desantis & @deosorg.

      2 replies 0 retweets 13 likes
    8. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @_Kevin_Pham @naval and

      And of course there's @lightning "lapps" built on top of BTC.

      3 replies 0 retweets 8 likes
    9. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
      Replying to @_Kevin_Pham @naval and

      Almost all of these "dapps" are working in the wild and generating real btc revenue, they're not vaporware backed illegal securities.

      2 replies 0 retweets 3 likes
    10. Naval‏ @naval Jul 1
      Replying to @_Kevin_Pham @paul_btc and

      Name calling doesn’t win hearts and minds.

      1 reply 1 retweet 21 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jul 1
      Replying to @naval @_Kevin_Pham and

      99.9%+ of these dApp “usage tokens” risk not accruing value even if dApp usage increases. There is no incentive to hold utility token for months instead of global money. Separately, would you want to walk around NYC and have to pay with a different currency at every store?

      1:16 AM - 1 Jul 2018
      • 17 Likes
      • Blue π CryptoHumor Davron Mansi Prakash 1A1z Ismail Daif Eric Hadley Stephan Livera
      5 replies 0 retweets 17 likes
        1. New conversation
        2. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
          Replying to @MustStopMurad @naval and

          Vaporware isn't me name calling, vaporware is software that's perpetually never ready for release, which is what all these ICOs currently are.

          1 reply 1 retweet 2 likes
        3. Kevin ''Thuggish'' Pham‏ @_Kevin_Pham Jul 1
          Replying to @_Kevin_Pham @MustStopMurad and

          With ERC20 tokens, you can become a millionaire if you market and structure your vaporware backed token correctly. With BTC earning dapps/lapps, you can only become a millionaire if your dapp/lapp works. The latter is how you properly incentivize open source dapp developers.

          1 reply 1 retweet 13 likes
        4. 1 more reply
        1. Stoobe  🏂 ⚡️‏ @stoobe Jul 1
          Replying to @MustStopMurad @naval and

          Or how much money do you leave on your metro pass?

          0 replies 0 retweets 0 likes
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        1. Thomas Pacchia  ⚡ 🚀 🌘‏ @tpacchia Jul 1
          Replying to @MustStopMurad @naval and

          Damn HODLers already took all the sound money...got to go make my own.

          0 replies 0 retweets 0 likes
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