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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. Alice Maz‏ @alicemazzy 12 Dec 2017
      Replying to @cyborg_nomade

      but it's a really bad currency

      3 replies 0 retweets 7 likes
    2. 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
    3. 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
    4. 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
    5. 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

      2 replies 1 retweet 4 likes
    6. 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
    7. Dedicating Ruckus‏ @ded_ruckus 13 Dec 2017
      Replying to @BrowningMachine @alicemazzy @cyborg_nomade

      "intrinsic value" is a red herring IMO. If monetary demand for gold disappeared, it'd trade at $5/oz for centuries after. Industrial use dwarfed by investment.

      1 reply 0 retweets 1 like
    8. todd shuffled his feet‏ @AndToddsaid 13 Dec 2017
      Replying to @BrowningMachine @ded_ruckus and

      Theoretically, the price of anything could drop to zero. A golden meteor could land softly in the ocean. What we’re really dealing with are likelihoods of that happening. I don’t know how you ascertain the likelihood of Bitcoin dropping to zero.

      3 replies 0 retweets 1 like
      Alice Maz‏ @alicemazzy 13 Dec 2017
      Replying to @AndToddsaid @tryanmax and

      bitcoin is sustained entirely by mindshare/network effects

      3:22 PM - 13 Dec 2017
      • 2 Likes
      • ND FB, 1887–1996 TexitMachine (1/16th Hottentot! Diverse Victim!™)
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Alice Maz‏ @alicemazzy 13 Dec 2017
          Replying to @alicemazzy @tryanmax and

          in this way its possible cratering is more akin to a social network than a commodity

          2 replies 1 retweet 3 likes
        3. Alice Maz‏ @alicemazzy 13 Dec 2017
          Replying to @alicemazzy @tryanmax and

          question is whether it's myspace or facebook to make the pithy analogy

          2 replies 1 retweet 1 like
        4. inhumane kantian‏ @cyborg_nomade 14 Dec 2017
          Replying to @alicemazzy @tryanmax and

          "network effects" is another name for "liquidity". of course any currency is dependent on that to function.

          0 replies 0 retweets 0 likes
        5. End of conversation

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