Twitter | Search | |
Patrick Dugan
Decentralized forwards + next-gen decentralized exchange = decentralized savings for everyone. No hay futuro sin libertad. CEO Not investment adv
6,573
Tweets
751
Following
716
Followers
Tweets
Patrick Dugan 3h
And then the pricing power generated from R&D spending into automation technology cannibalizes profit margins so much in a race to the bottom and the inflationary stuff gives way to proper Japan-style deflation globally...
Reply Retweet Like
Patrick Dugan 5h
Replying to @ExaltedUterus
Hey I want to apologize for debating you, I thought I was debating against the quantity theory of money, the MMT acronym threw me off. Actually I was debating against the QTM and in favor of something more MMT like, and Bitcoin et al. show examples of successful MMT.
Reply Retweet Like
Patrick Dugan 5h
Why 2034? Could we remain in equity bull mode while interest rates and inflation rise? Makes sense. Argetina stocks were doing well while their currency fell apart.
Reply Retweet Like
Patrick Dugan 21h
Replying to @nic__carter
It's too bad because this is my favorite hated ideology.
Reply Retweet Like
Patrick Dugan 21h
Replying to @cburniske @simondlr
Seems like an inferior UX to current property rights.
Reply Retweet Like
Patrick Dugan 21h
Folks: don't use all caps. Use *asterisks*, it emphasizes without *overpowering* the reader or making implication that you are *yelling*.
Reply Retweet Like
Patrick Dugan 21h
Replying to @duganist
Note: I don't endorse this author's worldview, just thought the word play opp. was good.
Reply Retweet Like
Patrick Dugan 21h
Developed world kids on social media apologizing for Stalin: Tankies Crypto Twitter entrepreneurs apologizing for patents: Frankies (after Franklin) Thanos apologists: Thankies
Reply Retweet Like
Patrick Dugan retweeted
Chris Burniske Jul 15
Majority of the time an index fund of *all* produces better risk-adjusted returns than solely holding . analysis via
Reply Retweet Like
Patrick Dugan Jul 15
Some light Sunday reading: It was this paper along with those of Bitcoin, Tendermint, those relating to SPV proofs and... I guess JR Willet's "The Second Bitcoin Whitepaper" gets an honorary mention, that made TL possible. Acknowledging forebears.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @YangVentures @AeonCoin
Not to presume expertise on interest rate policy, but do you think Central Banks are more likely than less to respond with more stimulative monetary policy in the future should economic headwinds occur? Or do you think they would allow assets to revalue to pre-bubble levels?
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @AFDudley0
You just dryly point out mechanism design flaws. Kevin is more political. There is a class of BTC HODLers who have such a low cost base they shave some off for living expenses and become professional influencers. Also, unprofessional influencers.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
If a corp owned IP and the founder retained board control, they could vote to donate the patent to a chartered entity with narrowly defined governance and no way it could be SODLed. That would be the equivalent of stashing it under Yucca Mountain. Maybe that's the 3rd option.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
Owning IP creates a moat but it also burdens the founders with a perpetual ideological responsibility. This is a centralization risk. I'm calling it like I see it. The other stuff I think can be ameliorated by good design and in doing so, set a higher bar for future projects.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
So if I choose to go that route I'll be tethering myself (no pun intended) to holding shares and sticking around, like the protagonist of Diablo, who took the Prime Evil into himself and carried it around. I mean it didn't work out great for him, but the Diablo 2 guy did ok!
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
For this reason that I'm careful about the categories of investors I let into my share pool. Hedge funds, crypto portfolio holders, Reg CF investors, these people will redeem shares for coin and HODL that or move on with a win. VCs are more interested in IP value.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
The only way you can Jacques Derrida/Banksy/dBank the statist-capitalist-BenFranklinist apparatus us by donating the value it concedes you to the "people" and compartmentalizing that value to the "establishment". I guess this can't be coded into a protocol and requires trust.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
IP is where things get really hairy. First off, I do believe IP can be used in a cypherpunk way - the trick is to give free license to the p2p peeps and extremely expensive licenses to the suits. Like that occasional tricky anarchist who wants to "change the system from within".
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
Perhaps that is generally true, in which case one would have to endeavor to be the exception that proves the rule. Maybe if you commit to a reference spec before launch, and pre-commit to emission curves, and lock in the limited founder reward, it's as sacrosanct as 21M BTC.
Reply Retweet Like
Patrick Dugan Jul 15
Replying to @duganist
Nic recently suggested founders pledging a path to decentralization are like communist dictators who never quite abolish the dictatorship of the proletariat and revert to "the real communism" - which incidentally is guilty of killing Nicole Brown Smith after the wall fell.
Reply Retweet Like