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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. Rick Dudley‏ @AFDudley0 Mar 23
      Replying to @MustStopMurad @RyanSAdams

      I would expect them to make a decent wage. That being said, I left ConsenSys and eventually started my own consultancy, since there didn't seem to be some huge upside for me.

      1 reply 0 retweets 1 like
    2. Murad Mahmudov  🚀‏ @MustStopMurad Mar 23
      Replying to @AFDudley0 @RyanSAdams

      Sorry I should have been more precise. The Uber dApp founder doesn’t make tens of millions+, right?

      1 reply 0 retweets 1 like
    3. Rick Dudley‏ @AFDudley0 Mar 23
      Replying to @MustStopMurad @RyanSAdams

      Correct, it's unclear to me why they would.

      1 reply 0 retweets 0 likes
    4. Murad Mahmudov  🚀‏ @MustStopMurad Mar 23
      Replying to @AFDudley0 @RyanSAdams

      For smart contract platform tokens to ever become SoV’s, it neccessitates massive economies being built on top of them. The aforementioned lack of profit motive to build in that economy makes it difficult to imagine why those economies would be massive. What are your thoughts?

      1 reply 0 retweets 0 likes
    5. Rick Dudley‏ @AFDudley0 Mar 23
      Replying to @MustStopMurad @RyanSAdams

      You can check my tweets, I think the store of value narrative is overblown/basically-nonsense.

      1 reply 0 retweets 1 like
    6. Ryan Sean Adams‏ @RyanSAdams Mar 23
      Replying to @AFDudley0 @MustStopMurad

      What’s the TLDR on why you think so?

      1 reply 0 retweets 0 likes
    7. Rick Dudley‏ @AFDudley0 Mar 23
      Replying to @RyanSAdams @MustStopMurad

      Public key cryptography assumes keys are NOT durable.

      2 replies 0 retweets 0 likes
    8. Murad Mahmudov  🚀‏ @MustStopMurad Mar 23
      Replying to @AFDudley0 @RyanSAdams

      This issue will likely be solved. This isn’t an economic / monetary argument at all... Cryptoassets have all the properties requires of a potential SoV /// Money

      1 reply 0 retweets 1 like
    9. Rick Dudley‏ @AFDudley0 Mar 24
      Replying to @MustStopMurad @RyanSAdams

      I strongly suspect this problem will be solved by adding custodians, I've thought about it very hard off and on over the last 2-3 years and that's the best I could come up with, the cryptography cannot change.

      1 reply 0 retweets 0 likes
    10. Rick Dudley‏ @AFDudley0 Mar 24
      Replying to @AFDudley0 @MustStopMurad @RyanSAdams

      I don't want to get into the weeds about what SoV means, cryptoassets are better bank ledgers, they are not better gold. Cryptographic protocols are less durable than paper. Do you remember RC4?

      2 replies 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Mar 24
      Replying to @AFDudley0 @RyanSAdams

      I don’t see how keys not being durable is death for cryptoassets, surely this is a circumventable problem

      3:03 AM - 24 Mar 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Rick Dudley‏ @AFDudley0 Mar 24
          Replying to @MustStopMurad @RyanSAdams

          Yes, with custodians. I'm not sure what model you're working from, what historical precedence you're using as the basis for your belief that 24 works or 32 bytes is sufficient security for an individual's life savings, but my model says most people will screw that up.

          1 reply 0 retweets 0 likes
        3. Rick Dudley‏ @AFDudley0 Mar 24
          Replying to @AFDudley0 @MustStopMurad @RyanSAdams

          That is orthogonal to my "trust in numbers", or even my trust in humanity's ability to make durable computer systems. The SoV argument makes bizarre assumptions about the human side of the equation, the economics fails in its treatment of psychology, not physics.

          1 reply 0 retweets 1 like
        4. Murad Mahmudov  🚀‏ @MustStopMurad Mar 24
          Replying to @AFDudley0 @RyanSAdams

          What are the psychological issues in your opinion?

          1 reply 0 retweets 0 likes
        5. Patrick Dugan‏ @duganist Mar 24
          Replying to @MustStopMurad @AFDudley0 @RyanSAdams

          People lose their keys or have bad opsec.

          0 replies 0 retweets 1 like
        6. End of conversation

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