1/ Check out this interesting conversation between @_nirajshah and Professor @AswathDamodaran.

‘If there is one thing the crypto currencies are, they are not simple’ concludes @_nirajshah gallantly.
2/ By making that statement, @_nirajshah inherently assumes that central banking, free float exchange system and FIAT money creation are simple and well understood by the Average Joe leading to its high acceptance and usage.
3/ Nothing can be farther from the truth. Not more than 1% of the world population would understand the nitty-gritty of how FIAT money works. (Hint: It doesn’t)!
4/ Professor @AswathDamodaran believes Swiss franc is a great store of value and MOE whereas #Bitcoin isn’t. Respectfully disagree with you sir. But in the last half a decade, Swiss franc is down 4% against USD and BTC is up 6800% against USD.
5/ Sir, Bitcoin’s chances of fetching you lunch in Mumbai is far superior than it is with Swiss Franc
6/ Professor also believes that BTC can serve either as a speculative investment or a currency but not both. Disagree! Every currency has two types of demand - speculative and transactional. Magnitude of the former is higher given the fact that #BTC is hardly a decade old.
7/ Speculation leads to value discovery. MOE follows value discovery. Credit card made its debut in India in 1981. A good 3 decades after it was launched in USA. No one would have succeeded buying lunch with credit card in Mumbai in 1960s

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Balaji Vaidyanath ⚡️

Balaji Vaidyanath ⚡️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @nbalajiv

Jul 8, 2018
Attended a brilliant session on valuations by Professor @AswathDamodaran today. Applicable to all countries and markets. Tweet storm coming up.
1. Valuation is neither art nor science. It’s a craft like cooking. You can’t learn cooking through cook books
2. Pick a company and value it. Just like first time you cook it will most probably be a disaster. Keep doing it and you’ll get better
Read 24 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!