Nick Szabo @NickSzabo4 Twitter profile

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Nick Szabo

@NickSzabo4

4 years

@wef Delete your account. And cancel your conference. The earth is not our prison and you are not our wardens.

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Nick Szabo

@NickSzabo4

7 years

At first, they say it’s “theoretically impossible.” Then, “Maybe possible, but certainly not practical." Then, “But only fringe groups are using it." Later,”We are studying it.” Now: “It is the future. We are here to provide governance and regulation." -- Tim May

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Nick Szabo

@NickSzabo4

4 years

Less than a month ago, government officials across the United States were telling us masks don't work and nobody should have them except for health care workers. Less than a month later you can be arrested if you don't have one.

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Nick Szabo

@NickSzabo4

6 years

Cryptocurrency most important areas for improvement over the next few years: * More secure storage (key management) * Trust-minimized (decentralized) exchanges * Make 2nd layers more user-friendly, especially via automated routing, while not overly sacrificing trust minimization

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Nick Szabo

@NickSzabo4

6 years

The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about."

Richard Cantillon - Wikipedia

en.wikipedia.org

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Nick Szabo

@NickSzabo4

4 years

@NateSilver538 Don't feel so bad your models were still more accurate than the covid-19 models.

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Nick Szabo

@NickSzabo4

6 years

Bitcoin sent over national border without internet or satellite -- just nature's ionosphere.

DETERMINISTIC OPTIMISM 🌞

@nvk

6 years

BAM! #Bitcoin sent over 7.077Mhz via #JS8Call to @SamuelPatt Sweep: Toronto,CAN => Michigan,USA [40W: #SnowStorm ] Bcuz its a brainwallet made ahead of time, with bearer pk I don't require internet to broadcast this transaction at the time i'm sending

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Nick Szabo

@NickSzabo4

6 years

Inventors of the most important technologies in Bitcoin: digital signatures and Merkle trees (Merkle), elliptic curve crypto (Koblitz), malicious-fault-tolerant consensus (Lamport), elliptic curve crypto (independent inventor: Miller).

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Nick Szabo

@NickSzabo4

7 years

Security has a concept called attack surface: the more kinds of exposures, the greater the attack surface. Similarly we can think of governance as having an argument surface: the more kinds of decisions there are to argue over, the less functional the institution will be.

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Nick Szabo

@NickSzabo4

4 years

Massive unemployment, supply chain problems, etc. are due to *responses* to the viral outbreak. Viruses don't ban businesses. People do. Don't let politicians, public health officials, media, and others who decided to wreck our economies evade this crucial distinction.

Ken Thomas

@KThomasDC

4 years

WASHINGTON (AP) — Unemployment hits 14.7%, highest rate since the Depression, as US shed 20 million jobs in April from viral outbreak.

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Nick Szabo

@NickSzabo4

7 years

A digital currency that would survive a nuclear war: the full Bitcoin transaction history, all the way back to the genesis block, exists in over 11,000 copies located in over 100 countries -- and that's just counting the copies running live.

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Nick Szabo

@NickSzabo4

7 years

"Bitcoin Cash" is centralized sock puppetry.

Sondre Bjellås

@SondreB

7 years

@lopp The #BitcoinABC (only includes "ABC" agents) distribution of public software nodes visualized in a graph. #Bitcoin #BTC #BCH #BitcoinCash

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Nick Szabo

@NickSzabo4

4 years

We define ourselves more by our career than by any other economic factor. When last names were invented they were most commonly either "X's son" or a profession: Smith, Tailor, Miller, etc. I don't know anybody named Stimuluscheck or Universalbasic and hope to never see it.

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Nick Szabo

@NickSzabo4

4 years

@davidfrum You are a sick, twisted, anti-American piece of shit. You love to set U.S. soldiers & foreigners against each other in deadly combat, but viciously attack the best & bravest patriots, the ones who risk their lives and lose their freedoms defending free enterprise in here at home.

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Nick Szabo

@NickSzabo4

4 years

@WSBChairman Free markets for me, censored markets for thee.

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Nick Szabo

@NickSzabo4

4 years

Trump has demonstrated, and Biden will demonstrate, that a President of the United States no longer has any more power than a Queen or King of England. At least the British have some nice ceremony to go with their nothingness.

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Nick Szabo

@NickSzabo4

9 years

Computer science gives you far more leverage to change the world than any other study in our age.

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Nick Szabo

@NickSzabo4

5 years

Among the worst of the covid-19 hysterics are the health communists who want everybody's mental & physical health to be as bad as theirs. Enraged over the healthiest activities: physically distanced sun bathing on beaches, driving to hiking trails, golfing, even surfing alone.

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Nick Szabo

@NickSzabo4

6 years

In EOS a few complete strangers can freeze what users thought was their money. Under the EOS protocol you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole.

elum

@imthemule

6 years

Wow. Centralization issues aside, this whole constitution thing in EOS seems to involve a lot of bureaucracy and wet code. Interesting how it will end up.

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Nick Szabo

@NickSzabo4

7 years

To lower your Bitcoin fees, use SegWit addresses.

Whalepool

@whalepool

7 years

Lists of Wallets that have SegWit. Bitcoin Core - PC, Linux, Mac. Electrum - PC Armory - PC. Samourai - Android. BitWallet - IOS GreenAddress - IOS BitGo - IOS, Android, Web Trezor - Cold Storage Ledger - Cold Storage - Paper Wallet

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Nick Szabo

@NickSzabo4

7 years

Some of my writings on collectibles and the origins of money: Original paper: Ethnographic example: Authority resemblance etc. in the archaeological record: Metal:

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Nick Szabo

@NickSzabo4

6 years

"Financial institutions make people feel safe by hiding risk behind layers of complexity. Crypto brings risk front and center and brags about it on the internet."

Bloomberg

@business

6 years

Bitcoin and other cryptocurrencies are refreshingly open about being at risk via @bopinion

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Nick Szabo

@NickSzabo4

5 years

You can securely control neither your land nor your digitally centralized financial assets without the help of government. Thus the locality & importance of legal ownership in these things. You can securely control your globally seamless Bitcoin without the help of government.

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Nick Szabo

@NickSzabo4

7 years

An economist or programmer who hadn't studied much computer science, including cryptography, but guesses about it, cannot design or build a long-term successful cryptocurrency. A computer scientist and programmer who hasn't studied much economics, but applies common sense, can.

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Nick Szabo

@NickSzabo4

4 years

@The_WGD @interzonard @dahowa50 @LPTexas I've been excited to investigate my whiteness. Why wouldn't a white be excited to investigate their whiteness? What I discovered is that my particular whiteness is pretty damned good. I have great ancestors. Hope to have great descendants. I love my whiteness, why wouldn't you?

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Nick Szabo

@NickSzabo4

7 years

Bitcoin is the most secure financial network on the planet. But its centralized peripheral companies are among the most insecure.

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Nick Szabo

@NickSzabo4

6 years

The main value cryptocurrency has added to our world stems from recent breakthroughs in computer science & their radical ability to reduce formerly needed financial governance, not from advances in governance itself, which have historically taken centuries to millennia to evolve.

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Nick Szabo

@NickSzabo4

6 years

A lion grown too old & weak to hunt pretended to be sick as a ruse & ate the animals that came to visit him in his cave. But a fox only greeted him from outside, On being asked why it did not enter, it replied, "Because I can only see tracks going in & none coming out." -- Aesop

Nick Szabo

@NickSzabo4

6 years

If it's easier to enter than to leave, think twice before entering.

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Nick Szabo

@NickSzabo4

6 years

Giant companies are the security holes of capitalism. The more centralized industries get, the more they attract socialist political activists. The Bolshevik Revolution was a violent version of this vs. railroad stations, newspapers, etc. Now activism is focused on tech giants.

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Nick Szabo

@NickSzabo4

6 years

Gold has severe flaws. Physical locality makes it less secure and far more transactionally local, and thus more vulnerable to politics and less sound, than we can now achieve with Bitcoin, with good key management and taking advantage of its trust-minimized global settlement.

MrHodl🟠🤌👍⚡️

@MrHodl

6 years

Get inside the mind of a BCasher. "My view is the world was not in need of another sound base money when Bitcoin came along. Nor is that the main innovation Bitcoin brings to the table.The world has had sound base money for thousands of years... gold coins, silver bars, etc."

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Nick Szabo

@NickSzabo4

4 years

Viruses and governments have shut down all sorts of things. Even gold deliveries have been unreliable. Bitcoin continues to function with high security and reliability 24x7.

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Nick Szabo

@NickSzabo4

7 years

"The tulip bubble" is a popular low-thought way for lazy critics to try to insult an asset they don't understand whose price has gone up. They used the first negative cliche that came to their minds; they didn't try to or couldn't find a better comparison.

Mario Callous, x grinder & amusements editor

@idonevenknowho

7 years

@NickSzabo4 Poor Dutch will never live down their tulip craze. #tulips

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Nick Szabo

@NickSzabo4

4 years

@JoeBiden You and your supporters cannot bring people together by persecuting your political opponents who represent vast swatches of the American populace.

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Nick Szabo

@NickSzabo4

4 years

A digital currency that would survive a nuclear war: the full Bitcoin transaction history, all the way back to the genesis block, exists in over 10,000 copies located in over 100 countries -- and that's just counting the "listening" copies running live.

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Nick Szabo

@NickSzabo4

7 years

Only two kinds of financial governance are known to socially scale: 1. traditional financial industry governance, with its lawyers, accountants, etc. 2. public blockchains with a strong trust-minimization ethos. Other forms of blockchain governance will fail or evolve towards #1 .

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Nick Szabo

@NickSzabo4

5 years

As for my family, my father had to flee Hungary for freedom in the capitalist United States because of communist thugs calling themselves "anti-fascists".

Andreas (aantonop Team)

@aantonop

5 years

I grew up in Greece. My grandparents and parents generation kicked the fascists butt twice. I was 4 years old the second time. I guess it's our generation's turn now.

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Nick Szabo

@NickSzabo4

6 years

Volatility in Bitcoin from temporary uncertainty about its future (vs. both political opposition & crypto competitors), not from its supply limit. As these uncertainties decline its volatility will decline until it reflects more the uncertainty in fiat than its own.

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Nick Szabo

@NickSzabo4

4 years

@BorisJohnson @JoeBiden Under the United States Constitution, our Presidential election process is neither done nor official until our 12th Amendment procedure has been completed and certified by Congress. Stop interfering in our election. Don't repeat 1812.

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Nick Szabo

@NickSzabo4

7 years

Bitcoin has or is evolving through several stages of value transfer: 1. small value transfers at layer 1 when Bitcoin was a tiny niche (10,000 BTC for a pizza) 2. larger value txs as wealth flow increases and small txs get priced out of layer 1 3. small value txs at layer 2

Nick Szabo

@NickSzabo4

7 years

@WeathermanIam Economists' terminology is misleading though since "store" of value is impossible without benefit from transferring that value. Can be rare large rather than frequent small wealth transfers, so we might translate this as "large value transfers first, small value transfers later."

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Nick Szabo

@NickSzabo4

7 years

Bitcoin itself is still up as usual. Trusted third parties are reliability risks.

Meltem Demirors

@Melt_Dem

7 years

bitcoin futures launched 15 min ago. CBOE site is down. @coinbase is down. everything is down. CRAZY.

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Nick Szabo

@NickSzabo4

6 years

Tim May was my chief cypherpunk inspiration. His vision is of a cyberspace free from government oppression. I was further blessed to be able to hang out with him and kvetch about our crazy world. Will miss you greatly Tim!

Lucky Green

@luckygreen

6 years

Tim May - Cypherpunks Co-founder and Dear Friend Passes On:

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Nick Szabo

@NickSzabo4

6 years

Great thread about how much EOS depends on a naively drafted "constitution", human-interpreted wet code. As a result EOS will be labor-intensive, permissioned, jurisdictionally biased, and will have poor social scalability.

Jacob Franek

@panekkkk

6 years

1/ Most don't know this but every tx in $EOS must include a hash of the EOS Constitution. This binds users to the constitution and failure to include it may be grounds for invalidating a tx. 🤦‍♂️ Here is the most recent draft: $BTC $ETH

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Nick Szabo

@NickSzabo4

5 years

You don't advise people to buy and hold gold. You advise people to use software that shows ledger entries for gold held by strangers, the security of which relies not only on trust in strangers and their politics, but on PINs and passwords.

Peter Schiff

@PeterSchiff

5 years

Bitcoin bugs are saying I'm not qualified to give advice about Bitcoin because I don't know the difference between a pin and a password. I know the difference now and my advice hasn't changed. But those Bitcoin bugs still don't know the the difference between #Bitcoin and #gold .

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Nick Szabo

@NickSzabo4

5 years

Numerous likely benefits to social distancing *outdoors* in sun where possible: sunlight kills surface & airborne viruses get lungs in shape vitamin D boosts immunity fresh air may help kill viruses airborne virus density far less in big spaces than in crowded rooms

P. D. Mangan Health & Freedom Maximalist 🇺🇸

@Mangan150

5 years

Coronavirus and the Sun: a Lesson from the 1918 Influenza Pandemic by Richard Hobday Importantly, fresh air, whether indoors or out, appeared to improve treatment, so good ventilation was highly regarded. "The Open Air Factor"

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Nick Szabo

@NickSzabo4

5 years

But they're not buying coffee with it so it can't really be money.

Jason A. Williams

@GoingParabolic

5 years

Bitcoin surpassed PayPal in yearly transaction volume at $1.3 Trillion.

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Nick Szabo

@NickSzabo4

5 years

The closest we've ever come in recent centuries to controlled political experiments: North vs. South Korea, 1950s-today East vs. West Germany, 1945-1989 Venezuela vs. Chile, 1973-today

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Nick Szabo

@NickSzabo4

5 years

Each candidate must choose between bong hit and whiskey shot at the start of the debate, no opting out.

Tiana Lowe Doescher

@TianaTheFirst

5 years

Joe Rogan should host a 2020 debate.

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Nick Szabo

@NickSzabo4

4 years

@RaoulGMI Cardano's philosophy, and especially its auto-update feature, is centralized and destroys trust minimization. Trust minimization is the most important feature that gives a blockchain value. Cardano people do not understand it and fundamentally violate it.

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Nick Szabo

@NickSzabo4

7 years

Bitcoin's smaller argument surface increases its social scalability: "The more functions a currency has, the more things there are to argue over ... Bitcoin’s uncompromising focus allows it to serve a broader user base." Wisdom from @eiaine

Bitcoin's Anarchy Is a Feature, Not a Bug

Sometimes it’s good to have no human governance.

www.bloomberg.com

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Nick Szabo

@NickSzabo4

5 years

Some things you shouldn't use Bitcoin for: * Emergency cash reserve * Save to buy a Lambo next year Some things it can be reasonable to use Bitcoin for: * Protection from political risks * As part of balanced portfolio, save for >4 year goals e.g. retirement, education, legacy

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Nick Szabo

@NickSzabo4

4 years

Sanity check for those who have been watching too much TV: * Margarine is not really butter. * Industrial plant sludge is not really meat. * Pulverized oatmeal is not really milk. * Buying more addictive corporate garbage won't actually unite the country.

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Nick Szabo

@NickSzabo4

5 years

Multitudes and charlatans have entered the cryptocurrency and smart contract spaces who not only lack cypherpunk sensibilities, but hate cypherpunk values, including the values such as trust minimization that give cryptocurrencies like Bitcoin their market values.

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Nick Szabo

@NickSzabo4

6 years

If it's easier to enter than to leave, think twice before entering.

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Nick Szabo

@NickSzabo4

5 years

Probably the biggest flaw with the monetary metals (gold, sil er, and copper) is that they are costly to assay/validate. This led making people vulnerable to (i.e. requiring them to trust) centralized entities such as coin minters and bank note issuers, said trust often abused.

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Nick Szabo

@NickSzabo4

5 years

@julianhosp @HelenBranswell Almost all East Asian countries have not merely flattened the curve, they've squashed it and kept cases restricted to very small fractions of their populations. I don't get why so many are already giving up trying to do this for the West.

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Nick Szabo

@NickSzabo4

5 years

Shallow safety vs. deep safety: Shallow: estimated from volatility, assumes nothing goes wrong at lower layers of the protocol stack Deep: what happens to your assets upon underlying failures? e.g. how would your digitally centralized assets fare against sanctions or cyberwar?

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Nick Szabo

@NickSzabo4

6 years

Correct. JPM Coin and its near-twin the Petro lack the predominant source of value that distinguishes cryptocurrencies from bank money: trust minimization.

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Nick Szabo

@NickSzabo4

5 years

A digital currency that would survive a nuclear war: the full Bitcoin transaction history, all the way back to the genesis block, exists in over 9,000 copies located in over 90 countries -- and that's just counting the copies running live.

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Nick Szabo

@NickSzabo4

8 years

Shell: 100000+ yrs Gold wearable: 3800 Gold & silver coin: 2400 Paper IOUs for gold & silver: 250 Pure fiat: 47 Cryptocurrency: avail. now

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Nick Szabo

@NickSzabo4

7 years

There is no such thing as fully trustless tech. In encryption you trust that your recipient won't forward your message. In blockchains people who don't read the code are trusting software upgrades. Reducing needed trust lowers governance costs & increases social scalability.

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Nick Szabo

@NickSzabo4

4 years

Digitally centralized assets are deeply unsafe. Don't put so much of your family's wealth in assets that some stranger can turn on and off like a switch.

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Nick Szabo

@NickSzabo4

6 years

Aztecs took gold tribute from their subject tribes. Spanish conquistadors looted the Aztecs. Sir Francis Drake looted Spanish galleons. Seizing gold vaults was a universal war objective. Many politicians have controlled monetary systems by controlling gold. Now we can do better.

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Nick Szabo

@NickSzabo4

7 years

Conjectured governance under proof-of-stake seems to involve programmers & other amateurs making legal & accounting decisions. Bitcoin governance does not. Even when lawyers & accountants properly take over PoS governance, PoW governance will likely be far more socially scalable.

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Nick Szabo

@NickSzabo4

7 years

The quality of blockchain governance may vary in inverse proportion to the time community members spend "designing governance." A big part of Bitcoin's success comes from using mature open source governance techniques rather than trying to redesign governance from scratch.

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Nick Szabo

@NickSzabo4

5 years

@GlobalLife365 @MichaelCoudrey They treat the covid-19 symptoms people are most commonly dying of, and reduce the death rate, per these studies. As is also the case with oxygen, ventilators, and other common & often successful interventions. So your tweet is very misleading too.

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Nick Szabo

@NickSzabo4

7 years

The buzzword "web3" suggests the lax, security-poor programming habits of the web. When crypto or smart contracts are programmed like a web page they are doomed. Sustainably successful blockchains and their apps are based on far more secure, careful, and slow programming methods.

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Nick Szabo

@NickSzabo4

4 years

@PortlandPolice That's the Democrats' answer to every big problem these days: law abiding people must huddle in our homes like prisoners while the lawless are allowed to roam and destroy at will.

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Nick Szabo

@NickSzabo4

8 years

In a few years teenagers in Indiana will be swapping over-the-blockchain derivatives with grandmas in India without asking New York City.

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Nick Szabo

@NickSzabo4

4 years

@EricRWeinstein Can @jack please restore the accounts of people who were saying this last summer and November and more recently? Thank you.

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Nick Szabo

@NickSzabo4

5 years

Such confidence in Bitcoin is splendid, but a 94,500 BTC tx tempts fate. If recipient can make that much from reversing the tx, they can afford to run a 51% attack for more than 40 days. Big if & very visible, but security here depends more on trust & less on the protocol itself.

Whale Alert

@whale_alert

5 years

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 94,504 #BTC (1,018,147,922 USD) transferred from unknown wallet to unknown wallet Tx:

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@NickSzabo4

6 years

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Nick Szabo

@NickSzabo4

5 years

The world is full of people who want to control other people's money.

shua

@cryptoAcorns

5 years

It's crazy how many people don't want an immutable ledger.

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Nick Szabo

@NickSzabo4

5 years

More specifically, reliable records of interest rates start about 3,000 years ago. We have *never* in all of this recorded human history seen interest rates as low -- indeed negative! -- as they are today.

Max Keiser

@maxkeiser

5 years

Bond prices are hitting highs not seen in... 3,000 years. That’s right, the bond bubble is hitting a 3,000 yr high. When it pops, more than $150 trillion gets wiped out. #Bitcoin #Gold

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Nick Szabo

@NickSzabo4

4 years

@EricaJoy You are writing this trash in a language evolved among white people, using the internet which was invented almost entirely by white men. Feel free to boycott both, the world will be a better place for it.

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Nick Szabo

@NickSzabo4

4 years

What an idiotic image. There is a vastly greater density of viruses inside occupied rooms and crowded train cars than there is outside, where they are soon dispersed into large spaces and by wind.

Swaminathan P

@swami2005

4 years

Dramatic and well said! Take care!

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Nick Szabo

@NickSzabo4

7 years

A great archive of significant cypherpunk writings:

GitHub - tombusby/cypherpunk-research: This repository is essentially for compiling information...

This repository is essentially for compiling information about Cypherpunks, the history of the movement, and the people/events of note. - tombusby/cypherpunk-research

github.com

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Nick Szabo

@NickSzabo4

6 years

Run like the plague from "blockchains" that are based on the politeness of strangers rather than on minimizing the need to rely on the goodwill of strangers. A seamlessly global blockchain can be successfully run and used by people who hate each other.

Etherium

@EtheriumToken

6 years

"Bitcoin maximalists are usually rude persons." 😄 funny statement of the week by @ArthurB at #FFT18 @FranceFintech at @joinstationf #blockchain #bitcoin #ICO

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Nick Szabo

@NickSzabo4

5 years

Thinking of shorting an overvalued stock market? Central banks can print money far longer than you can remain solvent.

Rudy Havenstein, Senior Markets Commentator.

@RudyHavenstein

7 years

I suppose having seen over $20 trillion in debt monetized by Central Banks in the past decade, we're a bit jaded, but what the SNB (and others) is doing is MONETIZING equities.

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Nick Szabo

@NickSzabo4

7 years

Who is "we"? Programmers making legal and accounting decisions? Ethereum is headed for either a huge bureaucracy or disaster.

vitalik.eth

@VitalikButerin

7 years

@fluffypony @udiWertheimer @bcn279 No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

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Nick Szabo

@NickSzabo4

5 years

When I grew up I was taught about the miracle of compound interest. The new generation will have to be taught about the anti-miracle of compound negative interest.

Max Keiser

@maxkeiser

5 years

Negative interest rates are a legacy of the 2008 financial crisis. By bailing out insolvent banks and then allowing them to lever up 100x higher than before the crisis; the only recourse global central banks have now is to slow-default on trillions of debt via negative rates.

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Nick Szabo

@NickSzabo4

4 years

They attack the billionaires in their rhetoric, but their policy goes after the kulaks.

Elizabeth Warren

@SenWarren

4 years

Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation.

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Nick Szabo

@NickSzabo4

4 years

Global corporations hate Americans.

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Nick Szabo

@NickSzabo4

5 years

Digitally centralized assets have poor deep safety. They were designed in & only work in a legally stable environment. Real estate & gold have deeper safety, assuming strong local security. Trust-minimized Bitcoin uses computer science to achieve unprecedentedly deep safety.

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Nick Szabo

@NickSzabo4

5 years

That explains the tens of millions murdered, the gigatonnes of stolen food leading to tens of millions starved, and the gulags full of tens of millions of political prisoners. The more self-righteousness involved, the more that perceived righteousness is used to justify evil.

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Nick Szabo

@NickSzabo4

5 years

Here's an example showing how, despite authority resemblance the fundamental nature of U.S. dollars radically changed over the course of the 20th century. They look very similar, but the kind of money they represent is radically different. ht @jp_koning

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Nick Szabo

@NickSzabo4

7 years

At scale, you can't pay for coffee on a premium global blockchain. You'll need a peripheral financial ntwrk that settles on that blockchain.

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Nick Szabo

@NickSzabo4

6 years

What a shame, somebody is disrespecting property rights. Where could they have gotten that idea?

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Nick Szabo

@NickSzabo4

5 years

The most important and hardest part of trust minimization is governance minimization.

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Nick Szabo

@NickSzabo4

5 years

The consensus protocol which caused the Bitcoin revolution happens inside thousands of computers. "Social consensus" is completely different and is as much of a mess as it ever was. Bitcoin wins by maximizing the role of the former and ruthlessly minimizing the latter.

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Nick Szabo

@NickSzabo4

7 years

"Just because the Bitcoin blockchain and thus Bitcoin have been technically safe and secure historically, this does not mean that other blockchains and cryptocurrencies will exhibit the same long-term reliability, security, and resiliency against attacks."

ALYSE

@AlyseKilleen

7 years

I wrote on "Why Cryptocurrency Beginners Should Invest In #Bitcoin Instead Of Bcash" for @IBTimes .

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Nick Szabo

@NickSzabo4

6 years

Biological scalability is the ability to support a larger, denser, and/or wealthier population in a given ecosystem.

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Nick Szabo

@NickSzabo4

4 years

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Nick Szabo

@NickSzabo4

6 years

@CobraBitcoinCsh My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.

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Nick Szabo

@NickSzabo4

6 years

The more San Francisco code censors this topic, the more I'm going to retweet the many great censored tweets on it. The New York Times has with no remorse hired a pathological racist and sexist fuck to edit and write on technology and the people who have or are building it.

James Woods

@RealJamesWoods

6 years

The @nytimes , ladies and gentlemen...

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Nick Szabo

@NickSzabo4

4 years

@daisydonuts1 He should never concede until the integrity of this election has been assured.

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Nick Szabo

@NickSzabo4

5 years

@jimsciutto If you want to be trusted why don't you try actually reporting this event. Start with the names of the jail cell guards, the suicide watch guards, and their bosses.

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Nick Szabo

@NickSzabo4

6 years

As far as I can tell, Bitcoin maximalists are only rude in contrast to the faux-village niceness pursued by utopian marketing campaigns that depend on phony friendliness to seem to work rather than on a technology and governance philosophy that actually works.

Alison | AlisonBob.eth 🔺🇺🇦

@AlisonbobEth

6 years

@NickSzabo4 Question & this is not to stir anything up, but bitcoin maximalists do seem quite rude. If the desire is for mainstream adoption, will these attitudes be helpful? Or is this on purpose to show people that even if people are mean, blockchain still works & doesn't care? Curious

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Nick Szabo

@NickSzabo4

4 years

@stoolpresidente 😂 Nobody who is anybody is asking you for anything, nicely or otherwise, you preposterous buffoon 🤡

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Nick Szabo

@NickSzabo4

4 years

Eight reasons to end the lockdown Jonathan Geach, M.D. Ankur J Patel, M.D. Jason Friday, M.D. Lacy Windham, M.D. Ashkan Attaran, M.D. Jennifer Andjelich, D.N.P.

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Nick Szabo

@NickSzabo4

5 years

Land ownership is an informal phrase for a legal tenancy, with jurisdictional rights retained by government due to economies of scale in securing land: Bitcoin ownership is far more powerful. It's the first nonviolently securable alloidal title in history.

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