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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 Apr 3
      Replying to @JaEsf @gavinandresen

      Murad Mahmudov  🚀 Retweeted Nick Szabo ⚡️

      https://twitter.com/nickszabo4/status/981169950927630336?s=21 …

      Murad Mahmudov  🚀 added,

      Nick Szabo ⚡️ @NickSzabo4
      If they (and you) read up on what travelers, missionaries, & ethnographers actually witnessed & recorded of recently contacted cultures, you will find that SoV & medium of wealth transfer long preceded record-keeping. See https://twitter.com/NickSzabo4/status/954225789129469952 … & refs in the linked articles. https://twitter.com/mikejcasey/status/981141578285805569 …
      1 reply 0 retweets 2 likes
    2. Jacob Eliosoff‏ @JaEsf Apr 3
      Replying to @MustStopMurad @gavinandresen

      Haven't read enough history to have a view on that one, but I also think its importance is overrated. A lot of what's happening is just new.

      1 reply 0 retweets 1 like
    3. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @JaEsf @gavinandresen

      Technology can change as much as you want, the bases of Money, Economics and Human Action stay roughly the same

      1 reply 0 retweets 2 likes
    4. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @MustStopMurad @JaEsf @gavinandresen

      This is why “ETH will be SoV” thesis is unlikely. Saying that ETH is a better SoV than Bitcoin is like saying Laptops are a better SoV than Gold.

      2 replies 0 retweets 2 likes
    5. panek‏ @panekkkk Apr 3
      Replying to @MustStopMurad @JaEsf @gavinandresen

      Why would you say that? Too simplistic. Technologically and perception-wise, ETH is similar enough to BTC to act as a SOV. Where they differ is only economically in that ETH is a utility token (meaning it has fundamental utility that BTC does not).

      2 replies 0 retweets 1 like
    6. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @panekkkk @JaEsf @gavinandresen

      Technically they are both utility tokens. By your logic Silver should be superior to Gold, because Silver has 100+ industrial applications, and Gold has almost none.

      1 reply 0 retweets 0 likes
    7. panek‏ @panekkkk Apr 3
      Replying to @MustStopMurad @JaEsf @gavinandresen

      Industrial applications are not exactly equivalent. What makes BTC gold and not anything else? Perception? Is gold building LN to be a high-throughput MOE? So which is it, a SOV or an MOE? No one is going to buy $5 coffee with BTC if it's deflationary and only meant for hodling.

      1 reply 0 retweets 0 likes
    8. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @panekkkk @JaEsf @gavinandresen

      It’s not about payments. It’s about sound money. Westerners with 3% inflation don’t understand the value prop of Bitcoin that well, and are merely trying to build a better Paypal.

      2 replies 0 retweets 1 like
    9. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @MustStopMurad @panekkkk and

      It will be used for payments after 15T

      1 reply 0 retweets 0 likes
    10. Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @MustStopMurad @panekkkk and

      It has nothing to do with technology. It has everything to do with being impossible to print.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Apr 3
      Replying to @MustStopMurad @panekkkk and

      Payments are cool, but it’s biting into Gold and Fiat is what really matters. There will probably only be 1-5 gigantic cryptocurrencies and the #1 will be much bigger than others. For that top Schelling Point, security is everything.

      12:46 PM - 3 Apr 2018
      1 reply 0 retweets 0 likes
        1. panek‏ @panekkkk Apr 3
          Replying to @MustStopMurad @JaEsf @gavinandresen

          It will be interesting to see it play out. I do think there's room for more than 1 but I'm not convinced BTC will win in security long-term. Further centralization of PoW mining is inevitable since hardware is controllable.

          0 replies 0 retweets 0 likes
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