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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. Alex Bosworth ☇‏ @alexbosworth Feb 28

      First 10 years: establish a reliable, programmable store of value. Next 10 years, use that to create: - Scalable global payments system - Decentralized marketplace protocols - Collateralized debt enforced by proofs - Medium-trust trading systems - Derivatives, futures, options

      6 replies 67 retweets 283 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad Feb 28
      Replying to @alexbosworth

      Do you think a hyperdeflationary asset could make a good standard of deffered payments or unit of account?

      1 reply 0 retweets 0 likes
    3. Alex Bosworth ☇‏ @alexbosworth Feb 28
      Replying to @MustStopMurad

      A drop in replacement for what we have now might not be necessary, sometimes progress is made through a revolutionary change instead of an evolutionary one

      1 reply 0 retweets 1 like
    4. Murad Mahmudov  🚀‏ @MustStopMurad Feb 28
      Replying to @alexbosworth

      Can you elaborate please?

      1 reply 0 retweets 0 likes
    5. Alex Bosworth ☇‏ @alexbosworth Feb 28
      Replying to @MustStopMurad

      For example it's a mistake to look at the chain and think that payments won't work on it. The chain is a new primitive. So instead you think about tools that you can build on the chain to make payments possible. The primitive doesn't solve all problems by itself, it's a platform

      1 reply 0 retweets 1 like
      Murad Mahmudov  🚀‏ @MustStopMurad Feb 28
      Replying to @alexbosworth

      Are you saying secondary units of account / other currencies can be built on top of the primary chain? You talked about derivatives or long term financial contracts. My question is - what will a 10-year decentralized financial instrument be denominated in?

      2:16 PM - 28 Feb 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Alex Bosworth ☇‏ @alexbosworth Feb 28
          Replying to @MustStopMurad

          10 years is the time we need to develop these things not the duration of the derivatives

          1 reply 0 retweets 0 likes
        3. Murad Mahmudov  🚀‏ @MustStopMurad Feb 28
          Replying to @alexbosworth

          I get that. But how will a 10-year loan work on the blockchain? What unit of account will it be denominated in? I am deliberatelt playing devil’s advocate. I have Faith in Bitcoin as a SoV / Digital Gold but unsure about UoA.

          2 replies 0 retweets 0 likes
        4. Alex Bosworth ☇‏ @alexbosworth Feb 28
          Replying to @MustStopMurad

          We might rethink how we use unit of account or how necessary it is. I’ve been to countries where they use one unit of account for regular purchases and another for debts. Derivatives themselves could provide the stable points of reference. Lots of work to do

          0 replies 0 retweets 3 likes
        5. End of conversation

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