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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. Pete Humiston‏ @Pete_Humiston Aug 26
      Replying to @StopAndDecrypt @spencernoon

      Then how would you explain the USD being the global currency reserve for the past 50+ years?

      1 reply 1 retweet 0 likes
    2. SpookyAndCryptic‏ @StopAndDecrypt Aug 26
      Replying to @Pete_Humiston @spencernoon

      SpookyAndCryptic Retweeted SpookyAndCryptic

      On a long enough timescale, shitty things turn to shit. Widen your time horizons.https://twitter.com/StopAndDecrypt/status/1033821881915396099 …

      SpookyAndCryptic added,

      SpookyAndCryptic @StopAndDecrypt
      Replying to @pedrouid @spencernoon
      Gold has never had a monetary policy, and was the world reserve for the majority of history. Governments still hoard it, and force their citizens to give it up. Bitcoin will take its place.
      1 reply 1 retweet 1 like
    3. Pete Humiston‏ @Pete_Humiston Aug 26
      Replying to @StopAndDecrypt @spencernoon

      What is my proxy then? Gold was a great world reserve until you started having mass global trade. Idk how he USD could have remained gold backed and the economy continuing to run a trade deficit.

      1 reply 1 retweet 0 likes
    4. SpookyAndCryptic‏ @StopAndDecrypt Aug 26
      Replying to @Pete_Humiston @spencernoon

      Right, and once we started getting mass global trade, and less ideal system became the most widely used, and in turn, the most widely abused. It's work*ing* as it stands, but we're building a better system for the future, because this won't work forever.

      1 reply 1 retweet 1 like
    5. Pete Humiston‏ @Pete_Humiston Aug 26
      Replying to @StopAndDecrypt @spencernoon

      That would logically make sense...most widely used = most widely abused..the same was true for gold way back when. London Gold Pool & Gnomes of Zurich, other than government, being case & point. I don’t think fiat has been around long enough to conclude it’s a “less ideal system”

      1 reply 1 retweet 0 likes
    6. Murad Mahmudov  🚀‏ @MustStopMurad Aug 27
      Replying to @Pete_Humiston @StopAndDecrypt @spencernoon

      Saying you like fiat is the same as saying you like coercive monopolies, lack of competition, continuous theft and, tangentially, overindebtedness.

      1 reply 4 retweets 10 likes
    7. Pete Humiston‏ @Pete_Humiston Aug 27
      Replying to @MustStopMurad @StopAndDecrypt @spencernoon

      Good thing I didn’t say such. The argument could be made that fiat has allowed for greater competition and economic growth... International trade and fractional reserve banking is not possible with gold backed currency. Manipulation happens across all assets; London gold pool.

      1 reply 0 retweets 0 likes
    8. Murad Mahmudov  🚀‏ @MustStopMurad Aug 27
      Replying to @Pete_Humiston @StopAndDecrypt @spencernoon

      1. The modern age, until recently, tolerated some forms of competition thought not free monetary competition. 2. FRB existed on top of the gold standard, just not as aggresively. 3. Bitcoin transcends almost every single one of Gold’s limitations.

      1 reply 0 retweets 2 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad Aug 27
      Replying to @MustStopMurad @Pete_Humiston and

      4. International trade existed for millenia before fiat came into existence.

      1 reply 0 retweets 1 like
    10. Pete Humiston‏ @Pete_Humiston Aug 27
      Replying to @MustStopMurad @StopAndDecrypt @spencernoon

      Correct. But all of those things you’ve stated (except for #3) accelerated dramatically into the 20th century and the argument could be made fiat was the only scalable solution. These are just arguments, not my opinion per se.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Aug 27
      Replying to @Pete_Humiston @StopAndDecrypt @spencernoon

      These things accelerated *in spite* of fiat, not *because of* it. 🙂

      8:03 AM - 27 Aug 2018
      • 1 Like
      • ouroboros
      1 reply 0 retweets 1 like
        1. Pete Humiston‏ @Pete_Humiston Aug 27
          Replying to @MustStopMurad @StopAndDecrypt @spencernoon

          These things accelerated because of modern technological advances.

          0 replies 0 retweets 0 likes
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