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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 Jul 19
      Replying to @RyanSAdams

      Gold was ALL of those things for 10,000+ years. 1) Gold, over long periods, has historically been more stable than Fiat. It is said that the price of a cow in medieval times measured in weight of gold is STILL roughly the same as today.

      1 reply 0 retweets 0 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      2) Gold was abundantly liquid when it was highly monetized. I don’t see your point.

      1 reply 0 retweets 0 likes
    3. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      3) Gold was a successful medium of exchange for ten millenia, fiat only for 47 years. I don’t see your point.

      1 reply 0 retweets 1 like
    4. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      4) The banking system based on gold existed for 12+ centuries. I don’t see your point.

      1 reply 0 retweets 1 like
    5. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      5) What do you mean “unit of account”??? Once again, Gold was a fine unit of account for millenia. I would even argue it is an even better unit of account than fiat, when monetized. I don’t see your point.

      1 reply 0 retweets 1 like
    6. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      6) US taxes for payable in precious metals for decades before the introduction of fiat. Once again, I don’t see your point.

      1 reply 0 retweets 1 like
    7. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      What are you even talking about man. With all due respect, all of those bullet points are nonsensical. Please actually look into monetary history. Gold was repeatedly globally seized, outlawed, centralized and subsequently supressed. Please stop spreading statist misinformation.

      2 replies 0 retweets 1 like
    8. Ryan Sean Adams‏ @RyanSAdams Jul 19
      Replying to @MustStopMurad

      Gold was these things. It is not today. (How do you disagree?) Yes, it could be all these things again. Yes, states have suppressed Gold. The Austrians value hard money. The mainstream values utility. My point: Hyperbitcoinization depends on converting people to your religion.

      1 reply 0 retweets 0 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @RyanSAdams

      paper money has never been introduced through voluntary cooperation. In all known cases it has been introduced through coercion and compulsion, sometimes with the threat of the death penalty

      1 reply 0 retweets 1 like
    10. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      Paper money by its very nature involves the violation of property rights through monopoly and legal-tender privileges. Expanding money supply is literal legalized counterfeiting

      1 reply 0 retweets 1 like
      Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
      Replying to @MustStopMurad @RyanSAdams

      What do you mean “the mainstream values utility?” What does that even mean? The “mainstream” valued the hardness of gold thousands and thousands of years. That is empiricial evidence. I don’t even know what you mean by utility. Bitcoin has the greatest utility.

      5:26 AM - 19 Jul 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
          Replying to @MustStopMurad @RyanSAdams

          Being the best store of value, being the most secure, being by far the hardest to inflate or to change, having the largest network effects, liquidity and finacialization....... is this not utility???????

          1 reply 0 retweets 1 like
        3. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
          Replying to @MustStopMurad @RyanSAdams

          “We can restore gold but we don’t” You make it sound like it’s a non-coercive, purely market driven process up to every day consumers. It’s not!...

          2 replies 0 retweets 1 like
        4. Ryan Sean Adams‏ @RyanSAdams Jul 19
          Replying to @MustStopMurad

          You made a wrong assumption. I very much believe fiat adoption has been coercive, not market driven. That's the real world competition. They cheat. To beat these powers your money needs more than soundness (Gold has that). Unless you mass convert. Or fiat major fails.

          1 reply 0 retweets 0 likes
        5. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
          Replying to @RyanSAdams

          BTC is more than just sounder / more disinflationary than Fiat and Gold. It’s also much harder to seize, censor and is borderlessly transactional. They will attack but BTC is much stronger than Gold in all respects except established history, which is merely a matter if time. . .pic.twitter.com/Rjr9p2i3Wu

          2 replies 0 retweets 2 likes
        6. Murad Mahmudov  🚀‏ @MustStopMurad Jul 19
          Replying to @MustStopMurad @RyanSAdams

          You don’t need a sudden mass conversion. All you need is a gradual leak from fiat / other SoV-instruments into BTC. Precisely that has been happening since BTC’s inception, for 9 full years.

          0 replies 0 retweets 3 likes
        7. End of conversation

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