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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. JP Koning‏ @jp_koning Apr 15

      My critique of Mark Carney's critique of central bank digital currency, or CBDC. He thinks the stuff will be dangerous, I think it could suffer from irrelevance: https://jpkoning.blogspot.ca/2018/04/critiquing-carney-critique-of-central.html …

      7 replies 23 retweets 47 likes
      Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
      Replying to @jp_koning @Frances_Coppola

      No one in the current cryptocurrency community would use a State-issued cryptocurrency if their life depended on it.

      3:08 AM - 16 Apr 2018
      • 1 Retweet
      • 4 Likes
      • $Leondavibe Gold Kiwi BitcoinCash Marcus Martin ⚓🧭
      5 replies 1 retweet 4 likes
        1. JP Koning‏ @jp_koning Apr 16
          Replying to @MustStopMurad @Frances_Coppola

          My post isn't about a state-issued cryptocurrency. I intentionally avoided any mention of the underlying tech in order to concentrate on the end point.

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Kiwi  🌱‏ @_decentra Apr 16
          Replying to @MustStopMurad @jp_koning @Frances_Coppola

          Current crypto community is a echo chamber and you know it. We are still little guys acting like we're going to take over the world.

          1 reply 0 retweets 1 like
        3. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @_decentra @jp_koning @Frances_Coppola

          It is People who collectively decide to imbue scarce objects with a monetary premium. We are those people.

          1 reply 0 retweets 3 likes
        4. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
          Replying to @MustStopMurad @_decentra @jp_koning

          You are a tiny minority who have frankly extreme views. Why do you think the rest of the world will agree to accept what you define as "money" in preference to what democratically-elected governments define as "money"?

          1 reply 0 retweets 1 like
        5. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @Frances_Coppola @_decentra @jp_koning

          Markets are better than Officials in figuring out which money, it, the Market, likes better. The current fiat system is our only choice as we are brought into this reality. Alternatives & competition is good for progress.

          1 reply 0 retweets 3 likes
        6. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @MustStopMurad @Frances_Coppola and

          Were you part of the vote in 1971 when Nixon decided to redesign the monetary system? Exactly.

          1 reply 0 retweets 2 likes
        7. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
          Replying to @MustStopMurad @_decentra @jp_koning

          As I'm British, and at the time was very young, clearly not. But then the decision to link the USD to gold and my country's currency to the USD was taken long before I was born. How far back do you want to go?

          1 reply 0 retweets 3 likes
        8. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @Frances_Coppola @_decentra @jp_koning

          Don’t you think experimentation and innovation of several financial units competing against each other in cyberspace is a great idea to try to build even better money?

          2 replies 0 retweets 1 like
        9. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
          Replying to @MustStopMurad @_decentra @jp_koning

          I do, actually. But that isn't what is going on right now. What is happening right now is an attempt by goldbugs and Austrian economic cranks to take over the monetary system. It would be the triumph of shamanism.

          1 reply 0 retweets 3 likes
        10. 11 more replies
        1. New conversation
        2. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
          Replying to @MustStopMurad @jp_koning

          I can't think of a single good reason why a state would want to issue a proper cryptocurrency.

          1 reply 0 retweets 0 likes
        3. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @Frances_Coppola @jp_koning

          Do you believe fiat state monopoly on money is better for the world than various moneys competing against one another in an open market?

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Steve Randy Waldman‏ @interfluidity Apr 16
          Replying to @MustStopMurad @jp_koning @Frances_Coppola

          as a person who spends much of his time writing Ethereum tooling, i’d love it if the Fed issued a USD ERC20 token. a lot of decent stablecoins are emerging, but still.

          1 reply 0 retweets 0 likes
        3. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
          Replying to @interfluidity @MustStopMurad @jp_koning

          I don't have a problem with state-issued ERC20 tokens. Common standard is good. But a state-issued cryptocurrency - sorry, can't see the point.

          1 reply 0 retweets 0 likes
        4. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
          Replying to @Frances_Coppola @interfluidity @jp_koning

          What is the difference between state-issued ERC20 and state-issued cryptocurrency? 🤔

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. Jal (aka Juice)‏ @SoakerPatoshi Apr 16
          Replying to @MustStopMurad @jp_koning @Frances_Coppola

          That is not true. Many people would. And most already use digital government money.

          0 replies 0 retweets 0 likes
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