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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 Aug 16
      Replying to @MustStopMurad @ground_0_econ @arjunblj

      these are all hard questions that are still unsolved. I know this because I am personally invested in people trying to solve them and its *NOT* easy. Even if it *IS* solved. an inflationary currency will always lose to a fixed-supply one on the free market.

      1 reply 0 retweets 2 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @MustStopMurad @ground_0_econ @arjunblj

      The latter preserves wealth much better / is a much better Store of Value.

      2 replies 0 retweets 2 likes
    3. Jon "feels_like_1937" Horvath‏ @ground_0_econ Aug 16
      Replying to @MustStopMurad @arjunblj

      How so ? it's just lost 65% of it's value since January. That is close to an order of magnitude worse than the USD has ever seen over the same time frame. You're all theory- but this is not borne out in practice.

      1 reply 0 retweets 0 likes
    4. Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @ground_0_econ @arjunblj

      Jesus Christ, it’s only 9 years old. It’s still undergoing a process of slow monetization. Gold took millenia to fully monetize. You’re comparing a mature currency with an extremely young one.pic.twitter.com/8Sh6LfA9qe

      1 reply 0 retweets 4 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @MustStopMurad @ground_0_econ @arjunblj

      Do you think GOLD was stable 9 years after it was first discovered? Of course not!

      1 reply 0 retweets 2 likes
    6. Jon "feels_like_1937" Horvath‏ @ground_0_econ Aug 16
      Replying to @MustStopMurad @arjunblj

      No but it wasn't a store of value and likely wasn't a means of transaction either. But most importantly - gold's market cap 9 years after discovered wasn't $200B in 2018 dollars.

      1 reply 0 retweets 0 likes
    7. Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @ground_0_econ @arjunblj

      That’s not the point, the point is that Gold wasn’t super stable until full adoption and full monetization as money.

      2 replies 0 retweets 3 likes
    8. Jon "feels_like_1937" Horvath‏ @ground_0_econ Aug 16
      Replying to @MustStopMurad @arjunblj

      first, how do you know that? I think that is just speculation on your part. second, I'm going to speculate there wasn't a lot of alternatives back then (barter?) so the bar was a little lower for gold adoption vs bitcoin today.

      1 reply 0 retweets 0 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @ground_0_econ @arjunblj

      dude there were plenty of alternatives. There were hundreds of other things used as money but there is a reason why the world converged on gold - it was the hardest to inflate.

      1 reply 0 retweets 1 like
    10. Jon "feels_like_1937" Horvath‏ @ground_0_econ Aug 16
      Replying to @MustStopMurad @arjunblj

      since you were why don't you tell me the other currency options they had? i'm pretty sure at first gold was attractive not only because of limited supply (ot her metals were also limited supply) but also low melting point making it easy to divide.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Aug 16
      Replying to @ground_0_econ @arjunblj

      Throughout history, gold, silver, copper, cowry shells, salt, peppercorns, tea, cigarettes, barley, rai stones, belts, paper were all used as money... they had plenty of choices.

      5:43 PM - 16 Aug 2018
      • 3 Likes
      • Sar Haribhakti arjun balaji Norman B.
      0 replies 0 retweets 3 likes

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