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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. Lachlan‏ @LachlanCraigie May 13
      Replying to @MustStopMurad

      In a logical universe the value of zcash approaches zero

      1 reply 0 retweets 13 likes
    2. Murad Mahmudov  🚀‏ @MustStopMurad May 13
      Replying to @LachlanCraigie

      Zcash will decimate Monero in the long run but that’s my opinion

      1 reply 0 retweets 2 likes
    3. Lachlan‏ @LachlanCraigie May 13
      Replying to @MustStopMurad

      I was interested in zcash right up until the point I discovered privacy opt-in and nobody was opting (dubious philosophy of zcash coin co and zooko only sealed the deal). You can be excited by snarls, but like vaccines, privacy works with the herd effect or not at all.

      2 replies 0 retweets 12 likes
    4. Covey‏ @claytoncovey May 14
      Replying to @LachlanCraigie @MustStopMurad

      Zooko just rolled over for Bitmain I have no interest in the coin. Can't wait for Zcash Cash so we can argue Zooko's true vision.

      1 reply 0 retweets 0 likes
    5. Murad Mahmudov  🚀‏ @MustStopMurad May 14
      Replying to @claytoncovey @LachlanCraigie

      ASIC resistance is futile.

      1 reply 0 retweets 0 likes
    6. Covey‏ @claytoncovey May 14
      Replying to @MustStopMurad @LachlanCraigie

      Sure thing champ.

      1 reply 0 retweets 0 likes
    7. Murad Mahmudov  🚀‏ @MustStopMurad May 14
      Replying to @claytoncovey @LachlanCraigie

      https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b …

      1 reply 0 retweets 0 likes
    8. Covey‏ @claytoncovey May 14
      Replying to @MustStopMurad @LachlanCraigie

      Sia's algo was never ASIC resistance to being and the Sia dev is shilling the Obelisk. They intended to ASIC premine their own coin and got beat to the punch by Bitmain. Another coin folded into the mining monopoly. Any project that values decentralization must resist Bitmain.

      2 replies 0 retweets 0 likes
    9. Murad Mahmudov  🚀‏ @MustStopMurad May 14
      Replying to @claytoncovey @LachlanCraigie

      every PoW algorithm is susceptible to ASIC / specialized hardware creation.

      1 reply 0 retweets 0 likes
    10. Covey‏ @claytoncovey May 14
      Replying to @MustStopMurad @LachlanCraigie

      Well we agree on that. Nothing is ASIC proof however the Cryptonight coins cleared showed the ability to stay ahead of ASIC centralization and there are new algos getting created that with make ASICs development very difficult such as x16r.

      1 reply 0 retweets 0 likes
      Murad Mahmudov  🚀‏ @MustStopMurad May 14
      Replying to @claytoncovey @LachlanCraigie

      Agreed but changing the algorithm every 6 months while you wait for greater commoditization is unsustainable.

      9:40 AM - 14 May 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Covey‏ @claytoncovey May 14
          Replying to @MustStopMurad @LachlanCraigie

          Altering the algo is less work than retaping out a new ASIC. That is the point. They are forcing the ASICs to risk syncing money into developing hardware that may be bricked before it comes to makert.

          1 reply 0 retweets 0 likes
        3. Murad Mahmudov  🚀‏ @MustStopMurad May 14
          Replying to @claytoncovey @LachlanCraigie

          This reduces total hashpower and security of the system. Coins secured by GPUs would be much more susceptible to attacks like we seen with recent 21-block deep Monero reorgs. I believe ASICs should be embraced.

          2 replies 0 retweets 1 like
        4. Covey‏ @claytoncovey May 14
          Replying to @MustStopMurad @LachlanCraigie

          If the market was healthy but it is not and Bitmain has shown numerous times that they are willing to abuse their monopoly for economic. If competition improve, possible entries from Intel or Samung , we may reach a place where the open market functions as it should.

          0 replies 0 retweets 1 like
        5. End of conversation

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