1. Exquisite Tweets from @mwilcox, @MustStopMurad, @INVICTUS69X, @kadhirvelavan, @btcbabey, @vernam79, @game0v, @Darth_Enzo, @vakeraj, @pimpingkek, @chris_aight, @djspinhideaway, @ChrisGilliard, @BrentCarlileFX, @1SingularityWay, @Hesperus1, @adamwatt74, @luna1999, @F0nta1n3, @ssoeborg, @mischa_demidov, @_PeterRyan, @bitbothered, @doug_steward, @CryptoBonsai, @andresgutgon, @RoadStress, @vqp, @OLXO_YU, @gnz, @StrongHandsHODL, @T0lrem, @thom_iv, @_skyl, @tdegrange, @Woodrow1616

    Crypto1ChanCollected by Crypto1Chan

  2. 1/ Bitcoin will usher an era of unprecedented peace and prosperity.

    Reply Retweet Like

    MustStopMurad

    Murad Mahmudov 🚀

    2/ A modern variant of European 'La Belle Epoque' of 1871-1914, when the peak of the Gold standard put some semblance of a cap on State power. Money is Power. Bitcoin is the Neo-Gold standard.

    Reply Retweet Like

    MustStopMurad

    Murad Mahmudov 🚀

    3/ Wars, wars on drugs, torture prison networks, mass Foucaldian panopticon-like surveillance machines, military-industrial complexes, prison-industrial complexes etc...

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    MustStopMurad

    Murad Mahmudov 🚀

    4/ ...all become *significantly* more expensive if you have to pay punishers’ salaries with scarce gold bricks (bitcoin) rather than infinitely printable (read: stolen) fiat money.

    Reply Retweet Like

    MustStopMurad

    Murad Mahmudov 🚀

    5/ For better or worse, systems like social security, medicare and medicaid will collapse as well. Thousands of commercial banks globally will collapse as well.

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    MustStopMurad

    Murad Mahmudov 🚀

    6/ Cryptocurrencies make vanilla taxation, inflation taxation and fractional reserve banking either significantly more difficult or entirely impossible.

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    MustStopMurad

    Murad Mahmudov 🚀

    7/ Prepare to enter a hypercapitalistic, hypercompetitive, decentralized, borderless world of unstoppable commerce, where the power of governments is cut in half, and the power of sovereign individuals is doubled.

    Reply Retweet Like

    MustStopMurad

    Murad Mahmudov 🚀

    8/ Deluded people who use ridiculous and laughable terms like “post-capitalism” don’t know what they’re talking about. Capitalism is only just beginning. This is the first reemergence of truly ‘free markets’ since pre-Babylonian, primitive times.

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    MustStopMurad

    Murad Mahmudov 🚀

    9/ Because as long as the State has a monopoly on money creation, no market is ‘free’. Cryptography is a weapon. Marxism is Totalitarian slavery. Capitalism is unrestricted Freedom.

    Reply Retweet Like

    MustStopMurad

    Murad Mahmudov 🚀

    10/ Thankfully the fabric of reality itself is an anarchic, libertarian leaning structure at equilibrium. Nothing can ever be successfully top-down centrally planned in the long run. Only free will, human action and markets can point us in the direction of growth.

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    MustStopMurad

    Murad Mahmudov 🚀

    11/ When (not if) some Asian central bank or a large sovereign wealth fund announces they put 5% of their reserves into a basket of blue-chip cryptocurrencies, the world will never the same again.

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    MustStopMurad

    Murad Mahmudov 🚀

    12/ Bitcoin is a profound Economic Rennaisance, falsely wrapped in a Tech Bubble, itself falsely wrapped in a Get-Rich-Quick Scheme. The complete takeover success of cryptocurrencies is inevitable destiny. It is mathematically inescapable. Once you see this, you can't unsee it.

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    MustStopMurad

    Murad Mahmudov 🚀

  3. Don't disagree but I fear that 'cutting govt power in half' will not come easy. they will fight with all means available no matter the price.

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    INVICTUS69X

    Invictus

  4. Once banks starts hoarding cryptocurrencies, even they will get bored with fiat.

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    kadhirvelavan

    ⚡CRYPTOLOGIST⚡

  5. Cognitive dissonance - Once known cannot be unknown.

    That was profound I love your vision and I see the same. It’s a revolution 👏🏽

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    vernam79

    SpiritualCryptoG

  6. It’s not really hard for governments to tax crypto. A form of transfer tax with merchants and exchanges forced to pay on receipt of crypto would rapidly make an impact.

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    game0v

    Game over

  7. You are entirely full of shit here. Unregulated Capitalism... "Free Markets" are totalitarian in nature and antithetical to true democracy.

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    Darth_Enzo

    Darth Enzo

  8. Missing tweet: 985365038927036417

  9. Good luck tracking transactions on the Lightning Network.

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  10. pimpingkek

    PIMPINGKEK (Avoid 'Bitcoin Cash' like the plague)

  11. You would still be relying on merchants et al to ignore laws/regs. Many would be willing to ignore the government, but most will keep playing the lawful game for liabilities sake.

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  12. Resistance to state mandated economic/tax/regulatory policy is met with fines and imprisonment, ultimately backed by State’s violence of action. I believe in the message, I just think the hardest part is to come.

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  13. Economic/tax/regulatory policy is meaningless if it can’t be reasonably enforced.

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  14. Almost any government would go to unreasonable lengths to secure it’s monetary hegemony, up to and including deadly use of force. Luckily for us, nothing last forever.

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  15. Again, if you’re not willing to elucidate specific attack vectors that would allow them to control, track, or regulate the Lightning Network, your point is moot.

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  16. All brilliant points. However, at the moment central planners have complete authority over crypto destiny due to regulatory control of the fiat to crypto “on and off ramps.” What will realistically change this?

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    BrentCarlileFX

    Brent Carlile

  17. 1SingularityWay

    CryptoSingularity 🔜

  18. I agree, but worry about the transition. Change is traumatic, and no one knows the depth of the coming crisis.

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    luna1999

    Iñigo

  19. No pain, no gain. Surely decades of malinvestment and hyperindebtedness will have to paid for by some upcoming losing parties. It will get worse before it gets better. But crypto will have it’s birthplace in the middle of the next big economic crisis.

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    MustStopMurad

    Murad Mahmudov 🚀

  20. Correct, crypto is the medicin, not the illness, but I insist we must pay attention and work to lessen the suffering. Otherwise we risk never seeing through to the other side.

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    luna1999

    Iñigo

  21. My goal is to make a contribution towards making the transition *slightly less* painful.

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    MustStopMurad

    Murad Mahmudov 🚀

    Let's think critically here: Somebody who makes and sells Bread or Milk, or writes computer code at Google, won't suffer as much -- just accept new type of money.

    Somebody who creates money from thin air, and then lends it (Big commercial banks) -- will suffer.

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    MustStopMurad

    Murad Mahmudov 🚀

  22. Not so sure. In a deep economic crisis everybody but a few suffer: famines happen, wars are started, crime rises, people die.

    Re-routing the economy takes time.

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    luna1999

    Iñigo

  23. You think the crisis will be *that* bad? I had a vision of an economic recession, but not famine-level.

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    MustStopMurad

    Murad Mahmudov 🚀

  24. The transition will result in famine, desperation and death for many. What we need is gradual change, let's not be quite so extreme. Fiat as bad as it is has immensely improved the standard of living for the world. Let's not get too carried away, let's aim for gradual change.

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    F0nta1n3

    Fontaine [Maximalistic] ⚡️

  25. That bring said there will be many challenges going forward.

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    ssoeborg

    Steffen Søborg

  26. Elites could do a few things:
    - altruistically allow their power to be eroded
    - ban and use force to stop
    - subvert by making fiat blockchain

    I’m not sure they will do the first one, more likely a combo of the last two

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    _PeterRyan

    Peter Ryan

  27. Yeah, ask the Africans about this belle epoque 1871 - 1914,

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    bitbothered

    Bit Bothered

  28. You forgot the most likely one: They will Buy Bitcoin! They will use their infinite fiat to buy as much quality crypto as humanely possible. If you can’t beat em, Join em.

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    MustStopMurad

    Murad Mahmudov 🚀

  29. That is “altruistically letting their power be eroded”. I don’t see why this is a given. They have already beaten the system, they are the system.

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    _PeterRyan

    Peter Ryan

  30. Crypto has failed as a currency
    Extreme volatility
    Excessive fees attached to deposits, transactions
    Large bid ask spreads
    They are nothing more than speculative assets

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    doug_steward

    Doug Steward

  31. They’ll still own most of the real estate and productive businesses. It’s only the monetary unit that we are changing here. Which I still think is going to have profound effects.

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    MustStopMurad

    Murad Mahmudov 🚀

  32. Converting the monetary system to bitcoin would eliminate the ability to print and confiscate money. This is a profound change.

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    _PeterRyan

    Peter Ryan

  33. Missing tweet: 985505912566763520

  34. Regarding taxes: georgism is the natural choice. Land will be heavily taxed and subsequently cheap to buy. Advice: Do not use real state as store of value

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    vqp

    Ver Que Pasa

  35. Agree with the sentiment of your thread but the question in making this a reality (and not repeat the fiat / gold standard) is how to safeguard crypto, so that 3rd parties (coinbase) do not have to be custodians? How do you make the safeguarding foolproof to the average person?

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    OLXO_YU

    James Yu [BTC 👍 LTC]

    Without a simple and elegant solution to this. There’s going to be a need for a coinbase type entity to be the third party who will safeguard.

    Imagine having the possibility of generational wealth disappearing because you misplaced the private keys.

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    OLXO_YU

    James Yu [BTC 👍 LTC]

  36. As a technologist myself, I have to say that this is an insanely overly optimistic technocratic view. Crypto currency is just as easily printable as fiat, all you need is a crypto derivative and you're all set. Never underestimate human greed as driver of systemic corruption.

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    gnz

    Gonzalo Casas

  37. And this is why the "State" will never allow it. I hope and want to see the shift, I preach it, but the central banks will use every tool in the arsenal to stop it. If they lose money they lose control

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  38. What about “late stage” effects? With income disparity at ATH, this technology boosts those effect

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    thom_iv

    Thom Ivy

  39. true democracy is totalitarian in nature and antithetical to individual liberty.

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    _skyl

    Skylar Saveland

  40. I’ve been saying this for a while. It’s a logic extension of Philip Bobbit’s Shield of Achilles as we move from King state to Nation state to Market state. The difference here is the state could be less influential and be defined differently.

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    tdegrange

    tdegrange

    Has never been truly free. Regulations have been required and the norm in “free marketing” capitalism to date.

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    tdegrange

    tdegrange

  41. Announces is the key word. The accumulation is already happening IMO

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  42. You realize your statement is factually incorrect right?

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    Darth_Enzo

    Darth Enzo