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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. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Nick Szabo ⚡️

      In this light and based on monetary history, creating an ever-growing army of hodlers is the optimal strategy to bring about bitcoin's future as money, not by encouraging payments or sacrificing security for utility.https://twitter.com/NickSzabo4/status/954225789129469952 …

      Adam Taché  🎑 added,

      Nick Szabo ⚡️ @NickSzabo4
      Some of my writings on collectibles and the origins of money: Original paper: http://nakamotoinstitute.org/shelling-out/  Ethnographic example: https://unenumerated.blogspot.com/2017/02/conflict-and-collectibles-among-yurok_87.html … Authority resemblance etc. in the archaeological record: https://unenumerated.blogspot.com/2016/07/artifacts-of-wealth-patterns-in_15.html … Metal: https://unenumerated.blogspot.com/2017/03/collecting-metal-inner-and-outer-worlds.html …
      1 reply 1 retweet 4 likes
      Show this thread
    2. Adam Taché  🎑‏ @Adam_Tache Apr 4

      To idealize the settlement between large value holders would thus prevent layer one usage by normal people, and @SoakerPatoshi brings up this section from a version of Nash’s proposal to justify this behavior. https://medium.com/@rextar4444/a-neo-gold-standard-bitcoins-optimal-use-case-62d7fbb2f76f … http://fermatslibrary.com/p/b0ce2e03 pic.twitter.com/tV7S627es7

      1 reply 0 retweets 1 like
      Show this thread
    3. Adam Taché  🎑‏ @Adam_Tache Apr 4

      I could see several different behaviors emerge from this nature pre-tipping and post-tipping point if the block space were to becomes available only for settlement between large value players.

      1 reply 0 retweets 0 likes
      Show this thread
    4. Adam Taché  🎑‏ @Adam_Tache Apr 4

      (a) Holders with a large amount of bitcoins could bootstrap banks themselves, as they would be able to afford transaction fees post-tipping point

      1 reply 0 retweets 0 likes
      Show this thread
    5. Adam Taché  🎑‏ @Adam_Tache Apr 4

      (b) Pre-tipping point small holders would be forced to either sell their small amounts of bitcoins to large holders when they can still get transactions through, or move bitcoins to upper layers. By failing to do so, their txs could later end up forever frozen in the mempool.

      1 reply 1 retweet 2 likes
      Show this thread
    6. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Chiefy

      (c) Actual central banks would need to purchase large amounts of bitcoins pre-tipping point, hence @chiefyx’s suggestions.https://twitter.com/chiefyx/status/946903899197313024 …

      Adam Taché  🎑 added,

      Chiefy @chiefyx
      African Central Banks should buy Bitcoin now. Seriously. https://www.linkedin.com/pulse/13-african-countries-should-buy-bitcoin-right-now-nduom/ …
      Show this thread
      1 reply 0 retweets 3 likes
      Show this thread
    7. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Shinobi, CEO of Bitcoin

      https://twitter.com/brian_trollz/status/948000309380599808 …

      Adam Taché  🎑 added,

      Shinobi, CEO of Bitcoin @brian_trollz
      Replying to @Beautyon_ @saifedean
      Bitcoin is literally the culmination of everything John Nash's entire life produced. Those who are economically illiterate do not comprehend the argument this entails. They will be destroyed by it.
      1 reply 0 retweets 0 likes
      Show this thread
    8. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Adam Taché  🎑

      https://twitter.com/adam_tache/status/967742039386415104 …

      Adam Taché  🎑 added,

      Adam Taché  🎑 @Adam_Tache
      "Parallel Control" by John Nash (1954) https://www.rand.org/content/dam/rand/pubs/research_memoranda/2008/RM1361.pdf …
      Show this thread
      1 reply 0 retweets 0 likes
      Show this thread
    9. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Marty Bent

      https://twitter.com/martybent/status/948035760250343424 …

      Adam Taché  🎑 added,

      Marty Bent @MartyBent
      crazy reading letters John Nash wrote to the NSA in the 1950s about his encryption discoveries. the man predicted the power of modern computing + cryptography with such brevity. thanks for sharing @brian_trollz https://twitter.com/brian_trollz/status/947979991354048512 …
      1 reply 0 retweets 3 likes
      Show this thread
    10. Adam Taché  🎑‏ @Adam_Tache Apr 4

      Adam Taché  🎑 Retweeted Adam Taché  🎑

      Clarification: onboarding to upper layers could be done through other coins eventually if this plays out with limited block space on $btc, and atomic swaps would come into play.https://twitter.com/adam_tache/status/981523830832336897 …

      Adam Taché  🎑 added,

      Adam Taché  🎑 @Adam_Tache
      This is also extremely interesting because upholding bitcoin as purely digital gold to achieve these means would necessitate restricting utility of the chain to exactly what it does now (even to keep block size the same, which may prove impossible with L2/L3 onboarding).
      Show this thread
      3 replies 0 retweets 1 like
      Show this thread
      Murad Mahmudov  🚀‏ @MustStopMurad Apr 4
      Replying to @Adam_Tache

      Finally you get it

      11:24 AM - 4 Apr 2018
      0 replies 0 retweets 0 likes

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