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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 May 3
      Replying to @SoakerPatoshi @jongulson @DonnyCrypto

      Isn’t that roughly the same as having the same currency?

      1 reply 0 retweets 0 likes
    2. Jal (aka Juice)‏ @SoakerPatoshi May 3
      Replying to @MustStopMurad @jongulson @DonnyCrypto

      Yes, perfectly so: "A world in which centrally banked money is optimally managed is comparable to a world in which bitcoin is effectively global legal tender, and a world in which all central banks value stabilize versus bitcoin. Each scenario is an expression of Ideal Money"

      1 reply 0 retweets 0 likes
    3. Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @SoakerPatoshi @jongulson @DonnyCrypto

      Why not simply have the entire world use the same currency, if it’s so similar? Why the need for local Central Banks?

      1 reply 0 retweets 0 likes
    4. Jal (aka Juice)‏ @SoakerPatoshi May 3
      Replying to @MustStopMurad @jongulson @DonnyCrypto

      Addressing the politically difficulty it is probably easier to force central banks to print asymptotically more stable money (in comparison with each other) than it is to convince them to dissolve.

      1 reply 1 retweet 2 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @SoakerPatoshi @jongulson @DonnyCrypto

      What if we entertain the idea that central banks collapse; what would be better in your view, fixed-supply Bitcoin or Private Central Banks issuing Stablecoins which compete against one another?

      2 replies 0 retweets 0 likes
    6. Jon Gulson‏ @jongulson May 3
      Replying to @MustStopMurad @SoakerPatoshi @DonnyCrypto

      Aren't Central Banks already private entities?

      1 reply 0 retweets 1 like
    7. Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @jongulson @SoakerPatoshi @DonnyCrypto

      some are. some aren’t. In any case, blockchains can allow anyone anywhere to start one

      1 reply 0 retweets 0 likes
    8. Jon Gulson‏ @jongulson May 3
      Replying to @MustStopMurad @SoakerPatoshi @DonnyCrypto

      Then don't we return to the original question of what currency or coins are stable in relation to?

      2 replies 0 retweets 0 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @jongulson @SoakerPatoshi @DonnyCrypto

      I simply doubt people will want state controlled fiat in a world of competing, unseizable, unstoppable, open-source, uninflatablr cryptocurrencies

      2 replies 0 retweets 0 likes
    10. Jal (aka Juice)‏ @SoakerPatoshi May 3
      Replying to @MustStopMurad @jongulson @DonnyCrypto

      We live in this world you doubt can exist.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @SoakerPatoshi @jongulson @DonnyCrypto

      We do now but cryptpcurrencies are only recent inventions. Your thesis is backwards-facing not forward-looking

      1:44 PM - 3 May 2018
      • 2 Likes
      • Moon Rekt Rhéal
      2 replies 0 retweets 2 likes
        1. New conversation
        2. Jal (aka Juice)‏ @SoakerPatoshi May 3
          Replying to @MustStopMurad @jongulson @DonnyCrypto

          Talking about central banks "collapsing" is not something I'm willing to entertain either. It's not how banks work. Its how bitcoiners that don't understand bitcoin and banks talk about banks.

          1 reply 0 retweets 2 likes
        3. Victor Erem‏ @VictorErem May 3
          Replying to @SoakerPatoshi @MustStopMurad and

          Maybe. But banks collapsing "en masse" is surely a possible, even likely, scenario.

          1 reply 0 retweets 0 likes
        4. Jal (aka Juice)‏ @SoakerPatoshi May 3
          Replying to @VictorErem @MustStopMurad and

          It's only likely and plausible if you don't understand how banks work. So I would like one of you claiming this scenario to declare when you understand how central banking works?

          2 replies 0 retweets 0 likes
        5. Murad Mahmudov  🚀‏ @MustStopMurad May 3
          Replying to @SoakerPatoshi @VictorErem and

          The financial system can function without Central Banks. Check Selgin’s writing on privately-issued currencies in Canada and Scotland in the past

          1 reply 0 retweets 0 likes
        6. Jal (aka Juice)‏ @SoakerPatoshi May 3
          Replying to @MustStopMurad @VictorErem and

          You are telling me to read Selgin's work now?

          0 replies 0 retweets 0 likes
        7. End of conversation
        1. Jal (aka Juice)‏ @SoakerPatoshi May 3
          Replying to @MustStopMurad @jongulson @DonnyCrypto

          You are confused. And I have no interest in speaking to a hypothetical future that completely skips reality. You can talk about a time where we are all brains uploaded to the internet but what good is that?

          0 replies 0 retweets 0 likes
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