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alicemazzy's profile
Alice Maz
Alice Maz
Alice Maz
@alicemazzy

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Alice Maz

@alicemazzy

true neutral

Austin, TX
alicemaz.com
Joined August 2009

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    1. inhumane kantian‏ @cyborg_nomade 12 Dec 2017

      okay, a little thread on cryptomarkets and what I think is going on:

      1 reply 4 retweets 11 likes
      Show this thread
    2. inhumane kantian‏ @cyborg_nomade 12 Dec 2017

      first, on Bitcoin's alleged "bubble": there aren't currency bubbles. it simply makes no sense. a currency "bubble" is another currency's hyperinflation.

      3 replies 2 retweets 12 likes
      Show this thread
    3. inhumane kantian‏ @cyborg_nomade 12 Dec 2017

      of course, Bitcoin's price denominated in USD has "gone parabolic" and might vary wildly.

      1 reply 1 retweet 2 likes
      Show this thread
    4. inhumane kantian‏ @cyborg_nomade 12 Dec 2017

      but these "boom and bust" cycles are unlikely to be similar to previous economic bubbles, simply because Bitcoin has a real function irrespective of demand: it's a really good currency.

      2 replies 1 retweet 4 likes
      Show this thread
    5. Alice Maz‏ @alicemazzy 12 Dec 2017
      Replying to @cyborg_nomade

      but it's a really bad currency

      3 replies 0 retweets 7 likes
    6. inhumane kantian‏ @cyborg_nomade 13 Dec 2017
      Replying to @alicemazzy

      people keep saying this, but what does Bitcoin lose in relation to gold? or BCH in relation to the USD?

      1 reply 0 retweets 0 likes
    7. Alice Maz‏ @alicemazzy 13 Dec 2017
      Replying to @cyborg_nomade

      with bitcoin, transaction fees and processing times make it practically speaking unusable as a medium exchange

      4 replies 1 retweet 7 likes
    8. Alice Maz‏ @alicemazzy 13 Dec 2017
      Replying to @alicemazzy @cyborg_nomade

      theoretically possible for something(s) else to serve as user-facing currency with bitcoin a behind the scenes mechanism for merchants to square books

      2 replies 1 retweet 7 likes
      Alice Maz‏ @alicemazzy 13 Dec 2017
      Replying to @alicemazzy @cyborg_nomade

      but bitcoin is too volatile at present to make something like that sensible to build/use outside of people invested purely in the idea of the thing

      11:22 AM - 13 Dec 2017
      • 1 Retweet
      • 4 Likes
      • Tyto Alba Christopher Smith ND FB, 1887–1996 Autumnal Misha peat vs charred oak vs agave vs hops
      2 replies 1 retweet 4 likes
        1. New conversation
        2. inhumane kantian‏ @cyborg_nomade 14 Dec 2017
          Replying to @alicemazzy

          volatility is a direct consequence of lack of liquidity, as it spreads further and traps more resources, its USD price will likely cease to matter for the prices it denominates.

          1 reply 0 retweets 0 likes
        3. inhumane kantian‏ @cyborg_nomade 14 Dec 2017
          Replying to @cyborg_nomade @alicemazzy

          BCH, being more liquid, is already way more stable than BTC.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. New conversation
        2. Alice Maz‏ @alicemazzy 13 Dec 2017
          Replying to @alicemazzy @cyborg_nomade

          also gold has intrinsic value, which serves as a price floor. bitcoin can fall to zero, gold can't (this has a buoying effect much stronger than its actual practical value)

          5 replies 3 retweets 5 likes
        3. inhumane kantian‏ @cyborg_nomade 13 Dec 2017
          Replying to @alicemazzy

          well, the Core implementation has long processing times and high fees, but BCH doesn't. it's a contingent feature depending on design choices made by devs.

          2 replies 0 retweets 0 likes
        4. inhumane kantian‏ @cyborg_nomade 14 Dec 2017
          Replying to @cyborg_nomade @alicemazzy

          as to uses besides its role as currency: the blockchain can be used as a coordination tool, and the network can be used to safely store information.

          0 replies 0 retweets 0 likes
        5. End of conversation

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