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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. Patri Friedman‏ @patrissimo 22 Dec 2017

      1/ Watching #btc volatility & thinking about current use cases, I finally appreciate why @VitalikButerin says it's important to make a StableCoin. Ppl should be able to store value w/o taking on all this currency risk.

      66 replies 131 retweets 494 likes
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    2. Allen Hena‏ @realallenhena 22 Dec 2017
      Replying to @patrissimo @VitalikButerin

      This is an old model mindset. Storing only value with no function or utility is what we have now. Value is wrapped into utility and function as scarcity is systematic and transparent.

      2 replies 1 retweet 7 likes
    3. Brendan ¯\_(ツ)_/¯‏ @brendan_cah 22 Dec 2017
      Replying to @realallenhena @DecentralizeTV and

      Isn't USD-T the stable coin

      3 replies 0 retweets 3 likes
      Patri Friedman‏ @patrissimo 22 Dec 2017
      Replying to @brendan_cah @DecentralizeTV @VitalikButerin

      USDT is not a cryptocurrency-style decentralized asset; it is backed by USD deposits in Tether Ltd, hence is vulnerable to counterparty risk.

      8:16 PM - 22 Dec 2017
      • 4 Likes
      • 無さん Carter Pearson Carlos Anthony Ridding
      0 replies 0 retweets 4 likes

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