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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. Jal (aka Juice)‏ @SoakerPatoshi Mar 15

      A world in which centrally banked money is optimally managed is comparable to a world in which bitcoin is effectively global legal tender, and a world in which all central banks value stabilize versus bitcoin. Each scenario is an expression of Ideal Money

      8 replies 26 retweets 60 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
      Replying to @SoakerPatoshi

      Why would citizens use national currencies in that world?

      1 reply 0 retweets 0 likes
    3. Yuri Z.‏ @vega113t Mar 19
      Replying to @MustStopMurad @SoakerPatoshi

      why not? why some people drink coca cola when they can drink orange juice? The problem is not with national currencies, but with money printing. Deflationary national currency can be attractive. We want millions of local currencies, not just bitcoin.

      1 reply 0 retweets 1 like
      Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
      Replying to @vega113t @SoakerPatoshi

      1) If Bitcoin is 50T market cap, hyperglobal, hyperliquid, wouldn’t holding it be less risk than holding your 300B Mcap Uruguayan centralized fiat currency? 2) Why won’t the local merchant just accept BTC for his services? millions of currencies is no different to barter.

      5:34 AM - 19 Mar 2018
      • 1 Like
      • Kevin ''Thuggish'' Pham
      2 replies 0 retweets 1 like
        1. New conversation
        2. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
          Replying to @MustStopMurad @vega113t @SoakerPatoshi

          3) If they cant print money, all their existing debt pyramids collapse. Even if they don’t collapse, they don’t have as much monetary power at their disposal anymore for stability management.

          1 reply 0 retweets 1 like
        3. Yuri Z.‏ @vega113t Mar 19
          Replying to @MustStopMurad @SoakerPatoshi

          exactly, national currency with only limited ability to print is fine.

          1 reply 0 retweets 1 like
        4. Jal (aka Juice)‏ @SoakerPatoshi Mar 19
          Replying to @vega113t @MustStopMurad

          More importantly, and towards the original tweet there. For the important reasons, bitcoin as the global currency or all national money printed in stable relation to each other and/or bitcoin each produces the same favorable result.... let us enter dialogue as civilization...

          1 reply 0 retweets 2 likes
        5. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
          Replying to @SoakerPatoshi @vega113t

          Juice what are your thoughts on Stablecoins?

          1 reply 0 retweets 0 likes
        6. Jal (aka Juice)‏ @SoakerPatoshi Mar 19
          Replying to @MustStopMurad @vega113t

          They don't attend to the same problem as stabilizing our nation fiats. This is a key and subtle point. It is not "stable purchasing power" it is inter-national stability which is the proper MEANS.

          1 reply 0 retweets 1 like
        7. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
          Replying to @SoakerPatoshi @vega113t

          why do you believe international stability more important than stable purchasing power? is this something to do with balancing game theory among nation states?

          3 replies 0 retweets 1 like
        8. Jal (aka Juice)‏ @SoakerPatoshi Mar 19
          Replying to @MustStopMurad @vega113t

          When you spend time with the problem you realize such a result is "good enough" and its not impossible to design and implement whereas stablecoin's are because we cannot otherwise measure "value" hence my observation which you seem to understand to some extent:pic.twitter.com/UDKHzmiMxb

          1 reply 0 retweets 1 like
        9. Jal (aka Juice)‏ @SoakerPatoshi Mar 19
          Replying to @SoakerPatoshi @MustStopMurad @vega113t

          But you should want to ask "WHY is it a good enough result?" I have only opened you up to this observation, if you can confirm its truth, you will see what I see in Nash's proposal for global international stability of our major currencies.

          1 reply 0 retweets 2 likes
        10. 10 more replies
        1. New conversation
        2. Yuri Z.‏ @vega113t Mar 19
          Replying to @MustStopMurad @SoakerPatoshi

          If there will be only BTC - how you do fractional reserve banking which is needed to provide liquidity? The answer is - you di this with other currencies. And you do it locally as fractional reserve requires trust.

          1 reply 0 retweets 1 like
        3. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
          Replying to @vega113t @SoakerPatoshi

          Yeah, but if you are a merchant or a business, why would you accept or hold a 300b mcap (higher-risk) gov fiat currency as opposed to 50T hypersecure hyperlgobal Bitcoin? Why use something that is "backed by Bitcoin" instead of Bitcoin itself? It makes no sense

          1 reply 0 retweets 0 likes
        4. Yuri Z.‏ @vega113t Mar 19
          Replying to @MustStopMurad @SoakerPatoshi

          Unless it is your own token that you promised you will take at ratio 1/X BTC, just like you can do right now with many merchants that accept miles/giftcards etc...

          1 reply 0 retweets 0 likes
        5. Murad Mahmudov  🚀‏ @MustStopMurad Mar 19
          Replying to @vega113t @SoakerPatoshi

          why go back to the need for *trust* if the whole point was to eliminate trust? why give monetary power back to people again if we now have global trustless distributed consensus algorithms instead?

          2 replies 0 retweets 0 likes
        6. Jal (aka Juice)‏ @SoakerPatoshi Mar 19
          Replying to @MustStopMurad @vega113t

          It is pointed out by experts in the field, bitcoin is not a trustless system, it is trust minimized and trustworthy. Yuri has the correct sentiments, if banks print money with value stability w/respect to bitcoin, then it is trustworthy money. Banks aren't evil.

          0 replies 0 retweets 1 like
        7. End of conversation

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