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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. mimaj‏ @mi__maj May 3
      Replying to @MustStopMurad @SoakerPatoshi and

      Holding Bitcoin takes an insane amount of responsibility. Most people would rather a bank manage that. Only crazy assholes like us want to hold our own keys.

      1 reply 1 retweet 4 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad May 3
      Replying to @mi__maj @SoakerPatoshi and

      Yes but holding Bitcoin at a bank is still holding Bitcoin. This guy was proposing we hold state fiat that’s pegged to bitcoin instead

      3 replies 0 retweets 1 like
    3. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @MustStopMurad @mi__maj and

      Is he really proposing that you hold one asset versus another? Or is he proposing that state fiat pegged to bitcoin is a likelihood, and provides a similar net impact as hyperbitcoinization in the purest sense?

      1 reply 3 retweets 4 likes
    4. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @FluidFluxation @MustStopMurad and

      I think your missing the argument he's making @MustStopMurad He's talking macro economic impacts, and your talking about individual asset preference.

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

      If we have the premise that the value trends are the same, we cannot then say "but people will prefer one over the other" That the value trends are the same is an indication of equal preference.

      2 replies 0 retweets 2 likes
    6. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @SoakerPatoshi @MustStopMurad and

      Well speaking purely in terms of ideal money, I think you are correct. I think the black swan to your argument is that bitcoin becomes useful beyond money, a la on chain computation. In such a scenario, I see bitcoin still being the international stabilizing force

      1 reply 0 retweets 1 like
    7. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @FluidFluxation @SoakerPatoshi and

      But asset preference may be biased towards bitcoin if there is additional utility enabled.

      1 reply 0 retweets 1 like
    8. Jal (aka Juice)‏ @SoakerPatoshi May 3
      Replying to @FluidFluxation @MustStopMurad and

      If the value trends are perfectly comparable, how could u suggest the markets prefer one over the other? Even if one killed you and the other made you superman?

      2 replies 0 retweets 0 likes
    9. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @SoakerPatoshi @MustStopMurad and

      I meant individual preference. Even if Fiat becomes perfectly stabilized internationally, some bitcoiners are never coming back.

      2 replies 0 retweets 1 like
    10. Will  🗣️  🌐‏ @FluidFluxation May 3
      Replying to @FluidFluxation @SoakerPatoshi and

      & in the on chain computation explosion scenario I mentioned, while bitcoin and well managed fiat could be stable and economically indistinguishable, Bitcoin holders benefit as bitcoin as more than money evolves its valuation, limiting the parallel that well managed fiat provides

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

      why hold Fiat pegged to X imperfectly and arbitrarily managed by the state when you can have self-sovereign, unseizable, private ownership of X itself? It makes no sense

      3:58 PM - 3 May 2018
      • 1 Like
      • Zain I Allarakhia
      1 reply 0 retweets 1 like
        1. New conversation
        2. Jon Gulson‏ @jongulson May 3
          Replying to @MustStopMurad @FluidFluxation and

          If bitcoin becomes a value standard for fiat, then fiat is not being arbitrarily managed by the state - it is becoming comparable to a decentralised, apolitical value standard as determined by the cost of mining and its difficulty adjustment algorithm

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

          Fiat always was governed by propriety, the will of the people, if we demand our central banks to print trustworthy money then they will.

          1 reply 1 retweet 1 like
        4. Jon Gulson‏ @jongulson May 3
          Replying to @SoakerPatoshi @MustStopMurad and

          This is the message that will eventually reach out

          1 reply 0 retweets 1 like
        5. Will  🗣️  🌐‏ @FluidFluxation May 3
          Replying to @jongulson @SoakerPatoshi and

          Bitcoin is going to eat the world. It probably won't be with the banks on fire, but it is coming.

          0 replies 0 retweets 1 like
        6. End of conversation

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