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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. (((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
    2. Murad Mahmudov  🚀‏ @MustStopMurad Apr 16
      Replying to @Frances_Coppola @_decentra @jp_koning

      No one is forcing anyone (like fiat does). You can participate or not out of your own free will! This is simply an alternative. You can stick to fiat, but history shows that Gold is superior to copper pieces. Similary Bitcoin is superior to previous forms.

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

      History doesn't show any such thing, except to those who want to believe it and are therefore prepared to ignore or discount large swathes of historical evidence to the contrary - as @saifedean did.

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

      Why do you think fiat is better than Bitcoin?

      2 replies 0 retweets 0 likes
    5. dr.winston.o.boogie‏ @dr_w_o_b Apr 16
      Replying to @MustStopMurad @Frances_Coppola and

      You have already answered your own question: because the state *forces* you to use fiat. Maybe you don't like being coerced, but that's just tough luck for you.

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

      I don’t believe force is the answer. I believe free market competition among money-products is superior to state force.

      1 reply 0 retweets 0 likes
    7. dr.winston.o.boogie‏ @dr_w_o_b Apr 16
      Replying to @MustStopMurad @Frances_Coppola and

      Belief has nothing to do with it. Try not paying your taxes or fines for a while, see how you get on. Force works quite well when I comes to getting people to accept your money.

      1 reply 0 retweets 0 likes
    8. (((Frances Coppola)))‏Verified account @Frances_Coppola Apr 16
      Replying to @dr_w_o_b @MustStopMurad and

      it is also how money has been created throughout history, including under gold standards. In fact gold standards have generally been more coercive than fiat systems, probably because state power is usually stronger under gold standards.

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

      These are totalitarian, invasive ideas. I believe exchange, commerce and cooperation should be voluntary.

      1 reply 0 retweets 0 likes
    10. dr.winston.o.boogie‏ @dr_w_o_b Apr 16
      Replying to @MustStopMurad @Frances_Coppola and

      This (the force of the state) is just a description of how most money works today and has worked throughout most of known history. Whether one finds this morally acceptable or not is an entirely different discussion.

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

      Yes, and technology is attempting to offer a voluntary-based, more open, freer, less restrictive alternative to "force of the state" and "what has worked throughout most of known history"... Isn't it obvious?

      7:29 PM - 16 Apr 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. dr.winston.o.boogie‏ @dr_w_o_b Apr 16
          Replying to @MustStopMurad @Frances_Coppola and

          Doomed to fail.

          1 reply 0 retweets 0 likes
        3. Kiwi  🌱‏ @_decentra Apr 16
          Replying to @dr_w_o_b @MustStopMurad and

          We're open to opinion, can you explain in more detail why you think it will fail? As you probably know BTC cannot be shutdown so I assume you mean fail as in failure to reach a larger target audience outside of the current echo chamber we currently reside in.

          1 reply 0 retweets 0 likes
        4. dr.winston.o.boogie‏ @dr_w_o_b Apr 17
          Replying to @_decentra @MustStopMurad and

          1/5 Imho the crypto revolution will fail because crypto has value only to the extent that enough people *believe* it has value. Once people stop believing, the magic is gone, and the system implodes. Crypto appears to me to be more about religion than about tech or economics.

          1 reply 0 retweets 1 like
        5. dr.winston.o.boogie‏ @dr_w_o_b Apr 17
          Replying to @dr_w_o_b @_decentra and

          2/5 Hence the almost religious fanaticism with which true believers attack those who criticize crypto. One cannot allow doubt to creep in because doubt undermines the very foundation on which the system is built.

          1 reply 0 retweets 0 likes
        6. dr.winston.o.boogie‏ @dr_w_o_b Apr 17
          Replying to @dr_w_o_b @_decentra and

          3/5 The more one understands crypto the less trust one has in it. Ignorance truly is bliss when it comes to crypto.

          1 reply 0 retweets 0 likes
        7. dr.winston.o.boogie‏ @dr_w_o_b Apr 17
          Replying to @dr_w_o_b @_decentra and

          4/5 The beauty of fiat currency issued by the state (USD being the prime example at present) is that its value derives not from faith or belief, but from the economy's capacity to produce and the state's ability to capture part of that production in the form of e.g. taxation.

          1 reply 0 retweets 0 likes
        8. dr.winston.o.boogie‏ @dr_w_o_b Apr 17
          Replying to @dr_w_o_b @_decentra and

          5/5 The more one understands how fiat currencies work, the more trust on has in them. Like I said a few tweets ago: if you don't believe in fiat currency, try not paying your taxes and fines for a while, see where that gets you. Amen.

          1 reply 0 retweets 0 likes
        9. Kiwi  🌱‏ @_decentra Apr 17
          Replying to @dr_w_o_b @MustStopMurad and

          I'm in agreement with you, maximilisim is an obvious sign of peak inflated expectations. I myself invest in Bitcoin because I invision a real demand for transactional usage in the future, but the BTC>fiat debate is an obvious echo chamber delusion.

          1 reply 0 retweets 1 like
        10. 2 more replies

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