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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. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @MustStopMurad @TFTC21

      Yup, LN or some sidechain: Yes I am a fan of the '1:1 Smart Contract-backing & redeemability property with BTC' in order to get fast & instant payments. If it could be done without the Centralized LN hubs I would be even more of a fan, but maybe that's the only way it can work.

      1 reply 0 retweets 0 likes
    2. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @ColtonRobtoy @MustStopMurad @TFTC21

      1/ This is where we differ: I think a deflationary currency decreases the impetus for people to spend their money at businesses (bc they can buy more with that some money the following day), so there is no incentive to create businesses, so there is no incentive for job creation

      2 replies 0 retweets 0 likes
    3. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @ColtonRobtoy @MustStopMurad @TFTC21

      2/ I think that is overall bad for the economy, so I would like some small amount of inflation to be present (tie it to population growth over the previous week- we can do that now bc we can program money). You believe that the economy will be fine with deflationary currency.

      1 reply 0 retweets 0 likes
    4. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @ColtonRobtoy @MustStopMurad @TFTC21

      I don't believe there is anything that will change either of our minds. Do you agree? I think I will be able to understand your viewpoint better if I read "The Ethics of Money Production." /end

      1 reply 0 retweets 0 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad Jul 24
      Replying to @ColtonRobtoy @TFTC21

      I think both of our minds are changeable. This is a new space and fixed-supply money is a grand monetary experiment. We are all learning and studying still.

      2 replies 0 retweets 0 likes
    6. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @MustStopMurad @TFTC21

      1/ One thing I think about is we in the US have had the best Standard of Living ever on Earth as result of our 1-3% Inflation monetary system. We had more poverty, diseases, and a lower standard of living when we were on the Gold Standard (fixed-supply money)

      2 replies 0 retweets 0 likes
    7. Murad Mahmudov  🚀‏ @MustStopMurad Jul 24
      Replying to @ColtonRobtoy @TFTC21

      The high standard of living is due to technological advances and also because USD is the reserve currency of the world putting USA in a very priveleged position w/ seigniorage. USD is the best fiat but BTC is even better. (for productive individuals, less for the state / welfare)

      2 replies 0 retweets 0 likes
    8. Murad Mahmudov  🚀‏ @MustStopMurad Jul 24
      Replying to @MustStopMurad @ColtonRobtoy @TFTC21

      Gold standard (1800s) was a time of more peace, less prolonged conflict. Fiat money is one of the big reasons why WWI and WWII could be so long and deadly. Fiat monopoly gives the state near-infinite power.

      1 reply 0 retweets 0 likes
    9. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @MustStopMurad @TFTC21

      Definitely agree with this. I also see that as countries 'jockeying' to be the #1 World Superpower since nobody had claimed that throne in the first half of the 1900s. Once we had nukes and our Petrodollar System in place, the world knew who #1 is & there have been no more WWs

      1 reply 0 retweets 1 like
    10. Colton Robtoy‏ @ColtonRobtoy Jul 24
      Replying to @ColtonRobtoy @MustStopMurad @TFTC21

      And I think that that status quo will continue until the USD is no longer King. At that point it will be US vs. China vs. Russia nuking each other to become the new King of the World (hopefully after we die)

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Jul 24
      Replying to @ColtonRobtoy @TFTC21

      I think a non-sovereign cryptocurrency will become global reserve before we die.

      9:03 AM - 24 Jul 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Colton Robtoy‏ @ColtonRobtoy Jul 24
          Replying to @MustStopMurad @TFTC21

          Wow. Very interesting. Could happen. On another note... The only Stablecoin I would trust to stay 'Stable' one that is the Global Reserve Currency (that's 'Least Common Denominator' lens I view Stablecoins through).

          1 reply 0 retweets 0 likes
        3. Murad Mahmudov  🚀‏ @MustStopMurad Jul 24
          Replying to @ColtonRobtoy @TFTC21

          Yeah. It remains to be seen if an algorithmic one could be self-sustainable but it’s an interesting monetary experiment. I actually think “hybrid” stablecoins will be the early approach - those that are partially backed / partially algorithmic. But tbh Fixed-Supply is my 💗

          1 reply 0 retweets 0 likes
        4. Colton Robtoy‏ @ColtonRobtoy Jul 24
          Replying to @MustStopMurad @TFTC21

          I ❤️ that you 💓 it and are willing to say your Opinion Out-Loud.

          0 replies 0 retweets 1 like
        5. End of conversation

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