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patrissimo's profile
Patri Friedman
Patri Friedman
Patri Friedman
@patrissimo

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Patri Friedman

@patrissimo

On virtue, venture, family, freedom, crypto and (of course) building startup countries on the ocean.

San Jose, CA
patrifriedman.com
Joined October 2008

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    1. Unrelated Nonsense‏ @Nonrelatedsense 29 Nov 2017

      Unrelated Nonsense Retweeted Patri Friedman

      A big con.https://twitter.com/patrissimo/status/936007864618848256 …

      Unrelated Nonsense added,

      Patri Friedman @patrissimo
      Pros of gold: long history & non-monetary uses place a floor on value (won't go to zero), helps holders feel safe. Pros of BTC: more transferable, divisible, can grow in features. Con: could be replaced by competitors and become worthless.
      Show this thread
      2 replies 0 retweets 1 like
    2. Patri Friedman‏ @patrissimo 29 Nov 2017
      Replying to @Nonrelatedsense

      Definitely! I have long-term concerns about BTC value, even though I think cryptocurrencies will become very important, but let's at least be discussing real factors, not making dumb comparisons to old flowers that rot.

      1 reply 0 retweets 1 like
    3. Jacob Carlson‏ @jacobwcarlson 29 Nov 2017
      Replying to @patrissimo @Nonrelatedsense

      The Dutch tulip bubble was based on perceived future demand and value, not literal flowers.

      1 reply 0 retweets 1 like
      Patri Friedman‏ @patrissimo 29 Nov 2017
      Replying to @jacobwcarlson @Nonrelatedsense

      Well, since Bitcoin is not literal flowers, it sounds like you agree it shouldn't be compared to tulips :). More seriously, another angle on what I was saying is: "Bitcoin has potential value as a currency, that tulips did not"

      3:54 PM - 29 Nov 2017
      0 replies 0 retweets 0 likes

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