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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. drawingthesun‏ @_drawingthesun Jul 15
      Replying to @zooko @robustus

      Changing the monetary policy this late in the game would most likely lead to a crisis of confidence in Zcash. Even founders just supposing about it on a public forum might be enough to cause harm.

      2 replies 1 retweet 4 likes
    8. zooko‏ @zooko Jul 15
      Replying to @_drawingthesun @robustus

      If founders supposing about it in public causes harm, then that means that people think those founders have unilateral control over it, right?

      2 replies 1 retweet 7 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad Jul 15
      Replying to @zooko @_drawingthesun @robustus

      Yes. And if you want ZEC to ever be private cash, i.e. a private medium of exchange, it FIRST needs to become a successful private store of value, and for that you need investors / speculative bootstrappers. The latter wish for monetary policy to be as unchangeable as possible

      2 replies 4 retweets 32 likes
    10. doc‏ @doc_bitcoin Jul 15
      Replying to @MustStopMurad @zooko and

      money has never started as a "store of value" and then become cash...the only kinds of money humans have ever used en masse is ledger systems (credit and debt) and hard assets traded by hand. value is in the eye of the beholder. where dd this myth even come from?

      2 replies 2 retweets 11 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jul 15
      Replying to @doc_bitcoin @zooko and

      https://nakamotoinstitute.org/shelling-out/#conclusion … Collectibles —> SoV —> MoE —> UoA

      1:11 PM - 15 Jul 2018
      • 2 Likes
      • Brandon Bridge Victor Erem
      1 reply 0 retweets 2 likes
        1. New conversation
        2. doc‏ @doc_bitcoin Jul 15
          Replying to @MustStopMurad @zooko and

          the blockchain itself is already a unit of account....

          1 reply 0 retweets 0 likes
        3. Grinners The-Wizard‏ @Grinnersaok Jul 15
          Replying to @doc_bitcoin @MustStopMurad and

          Unit of Account means you price things in it, ie: my salary is 11 btc a year. No, the blockchain itself is not already a unit of account.

          1 reply 0 retweets 1 like
        4. doc‏ @doc_bitcoin Jul 15
          Replying to @Grinnersaok @MustStopMurad and

          satoshis do that...get real you clowns. nobody pays for things with bitcoin because its become a "hold" ponzi. its pretty incredible that people who have no concept of the history of money think they're "disrupting" something.

          1 reply 0 retweets 0 likes
        5. Grinners The-Wizard‏ @Grinnersaok Jul 15
          Replying to @doc_bitcoin @MustStopMurad and

          You seem confused. I'm correcting your misunderstanding of the term UoA. I'm not making any claim about disruption.

          0 replies 0 retweets 1 like
        6. End of conversation

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