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_Vimothy_'s profile
Vimothy
Vimothy
Vimothy
@_Vimothy_

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Vimothy

@_Vimothy_

Joined May 2013

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    1. Mimetïc Value‏ @MimeticValue Jul 2

      Just read the foreword by @nntaleb and chapter 1 of The Bitcoin Standard by @saifedean. I was going to read other books concurrently, but now I want to finish this fast to really get into his mindset. So far, I like how he's using 1st principles to explain the history of money.

      8 replies 11 retweets 117 likes
      Show this thread
    2. Vimothy‏ @_Vimothy_ Jul 2
      Replying to @MimeticValue @nntaleb @saifedean

      can you summarise?

      2 replies 0 retweets 0 likes
    3. Mimetïc Value‏ @MimeticValue Jul 2
      Replying to @_Vimothy_ @nntaleb @saifedean

      I might write a short blog review later, but the summary would be brief and won't capture full content of the book.

      1 reply 0 retweets 1 like
    4. Vimothy‏ @_Vimothy_ Jul 2
      Replying to @MimeticValue @nntaleb @saifedean

      proponents of bitcoin often imply that it will revolutionise the monetary system, but its hard to imagine how and they seldom provide details so Id be interested in reading a serious proposal from someone who understands banking

      1 reply 0 retweets 1 like
    5. antifragilitus[think in sats]‏ @vin_thetown Jul 2
      Replying to @_Vimothy_ @MimeticValue and

      interested, do you understand the mechanics of bitcoin?

      1 reply 0 retweets 0 likes
    6. Vimothy‏ @_Vimothy_ Jul 2
      Replying to @vin_thetown @MimeticValue and

      to a degree. but it's institutions are probably more relevant here

      2 replies 0 retweets 0 likes
    7. antifragilitus[think in sats]‏ @vin_thetown Jul 2
      Replying to @_Vimothy_ @MimeticValue and

      The truth is btc isn't ready to onboard massive institutions, but the ecosystem grows- LN, liquid, etc. for sound money read austrian economics, btc can be sound money, under control of no one, diff to expand supply. As the tech advances it will onboard much of what is modern fin

      1 reply 0 retweets 1 like
    8. Vimothy‏ @_Vimothy_ Jul 2
      Replying to @vin_thetown @MimeticValue and

      case in point 😉

      2 replies 0 retweets 0 likes
    9. antifragilitus[think in sats]‏ @vin_thetown Jul 3
      Replying to @_Vimothy_ @MimeticValue and

      Well, difficult to do in a tweet! I cited Austrian econ for ref to readings on banking within a system that does not have monetary manipulation as a tool. on btc: for example look at liquid and see one example of how fin assets can be migrated and used on top btc.

      1 reply 0 retweets 0 likes
      Vimothy‏ @_Vimothy_ Jul 3
      Replying to @vin_thetown @MimeticValue and

      liquid is interesting thanks for that reference. think it illustrates a particular conundrum common to crypto however which is to what extent does it need to replicate existing financial institutions vs to what extent does it represent a radical transformative break

      1:22 AM - 3 Jul 2018
      • 1 Like
      • Mimetïc Value
      1 reply 0 retweets 1 like
        1. New conversation
        2. Vimothy‏ @_Vimothy_ Jul 3
          Replying to @_Vimothy_ @vin_thetown and

          crypto romantics hope it's the latter but practical necessity is constantly pushing it towards the former

          1 reply 0 retweets 0 likes
        3. antifragilitus[think in sats]‏ @vin_thetown Jul 3
          Replying to @_Vimothy_ @MimeticValue and

          I think it'll be both. It will offer individual sovereignty in sound money basis whilst tech will offer more and more financial applications

          0 replies 0 retweets 0 likes
        4. End of conversation

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