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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. zooko‏ @zooko 17 Jul 2017
      Replying to @Chuck_Gafvert

      Afaik no faction is proposing to invalidate your private keys, so you can just hodl.

      2 replies 1 retweet 7 likes
    2. zooko‏ @zooko 17 Jul 2017
      Replying to @zooko

      (Unlike in Zcash, where I've proposed that in a future upgrade we should start invalidating idle private keys to force them to upgrade.)

      19 replies 4 retweets 12 likes
    3. Dan McArdle‏ @robustus 18 Jul 2017
      Replying to @zooko

      This idea still terrifies me. A huge part of the allure of cryptomoney is ability to secure priv-key *once* & sleep well for years/decades.

      4 replies 7 retweets 48 likes
    4. zooko‏ @zooko 18 Jul 2017
      Replying to @robustus

      Well put. When you put it like this I wonder if the value is in an inescapable trade-off with other values.

      2 replies 0 retweets 8 likes
    5. Dan McArdle‏ @robustus 18 Jul 2017
      Replying to @zooko

      Honestly, never invalidating keys is probably on the same level as never changing the monetary policy. A core thing people need to rely on.

      2 replies 0 retweets 20 likes
    6. zooko‏ @zooko 18 Jul 2017
      Replying to @robustus

      Have I mentioned I might be in favor of changing the monetary policy?

      12 replies 6 retweets 11 likes
    7. Dan McArdle‏ @robustus 18 Jul 2017
      Replying to @zooko

      That's unfortunate. For the freedom enhancing effects of privacy to impact the most ppl globally, ZCash needs to succeed as a store of value

      1 reply 1 retweet 20 likes
    8. Dan McArdle‏ @robustus 18 Jul 2017
      Replying to @robustus @zooko

      I don't readily see what tradeoffs could be worth undermining monetary confidence in ZCash. I assume you have some in mind?

      1 reply 0 retweets 5 likes
    9. zooko‏ @zooko 18 Jul 2017
      Replying to @robustus

      I actually haven't thought that deeply about it recently. But I don't think 1% annual expansion would undermine monetary confidence.

      4 replies 0 retweets 6 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jul 15
      Replying to @zooko @robustus

      How will you ever compete with Bitcoin if you change monetary policy? Don’t you realize that, with these tweets, you’re undermining the “credibility of monetary policy” - the most important characteristic in any digital currency? tbh as an investor, this makes me uneasy 😒

      6:43 AM - 15 Jul 2018
      • 3 Retweets
      • 21 Likes
      • maximalist decimus meridius Stoper⚡️ Victor Erem Haust Portelance Kacper Wikieł arjun balaji Dan McArdle janey CryptoGucci
      3 replies 3 retweets 21 likes
        1. New conversation
        2. zooko‏ @zooko Jul 15
          Replying to @MustStopMurad @robustus

          If my opinion in favor of immutable monetary policy is necessary for immutable monetary policy, then it isn't really immutable, is it? That would be me saying "I hereby decree that no decrees have effect."

          2 replies 0 retweets 7 likes
        3. Murad Mahmudov  🚀‏ @MustStopMurad Jul 15
          Replying to @zooko @robustus

          Yes, but Zcash is still at a relatively centralized phase of its existence and even sophisticated investors perceive you as having a lot of power. After all, perceptions matter. Especially with potential stores of value. It’s entirely intersubjective / perceptions-based.

          1 reply 1 retweet 10 likes
        4. Dan McArdle‏ @robustus Jul 15
          Replying to @MustStopMurad @zooko

          I'd be pretty fired up if zooko launched a campaign to change the monetary policy. I think a lot of people would be. There's already a bright line.

          1 reply 1 retweet 5 likes
        5. Murad Mahmudov  🚀‏ @MustStopMurad Jul 15
          Replying to @robustus @zooko

          Fired up as in outraged or Fired up because you’d be excited to see whether he could actually change it or not?

          1 reply 0 retweets 1 like
        6. Dan McArdle‏ @robustus Jul 15
          Replying to @MustStopMurad @zooko

          Outraged. Incented to fight it strongly.

          1 reply 1 retweet 6 likes
        7. zooko‏ @zooko Jul 15
          Replying to @robustus @MustStopMurad

          Good... Good! Let the hate flow through you.

          1 reply 0 retweets 11 likes
        8. Dan McArdle‏ @robustus Jul 15
          Replying to @zooko @MustStopMurad

          :)

          0 replies 0 retweets 1 like
        9. End of conversation
        1. New conversation
        2. Hasu‏ @hasufl Jul 15
          Replying to @MustStopMurad @zooko @robustus

          I think that any change will have to be either a) very early or b) only when the survival of the network is at stake (we have proof that fees alone cannot pay for security). I think I prefer b)

          2 replies 1 retweet 3 likes
        3. Hasu‏ @hasufl Jul 15
          Replying to @hasufl @MustStopMurad and

          My thesis is that natural selection of SoV networks will ultimately favor the lowest possible amount of inflation. So either we have proof that 1% is this lowest possible amount or your network lives (and possibly dies) with a constant looming threat of contentious hard forks.

          1 reply 0 retweets 3 likes
        4. Hasu‏ @hasufl Jul 15
          Replying to @hasufl @MustStopMurad and

          In other words, 0% inflation networks have to die (at least some of them, to make an example) before 1% inflation networks can live. Evolution.

          0 replies 1 retweet 2 likes
        5. End of conversation
        1. Pietro Moran‏ @PietroMoran Jul 15
          Replying to @MustStopMurad @zooko @robustus

          One of the most undervalued characteristics of monetary policy is its ability to facilitate expectations. If you change inflation consistently you destroy people’s ability to make decisions with a long time horizon. That hurts wealth creation.

          0 replies 0 retweets 4 likes
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