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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
      • Report Tweet

      Nick Szabo  🔑 Retweeted Adam Gibson

      Crucial point. "Digital cash" was dreamed up by academic cryptographers long before Bitcoin. It was a privacy-enhanced way to pay in dollars or euro, not a new currency. Many in crypto academia still don't get the idea of an independent currency & its very different requirements.https://twitter.com/waxwing__/status/1012221025503891456 …

      Nick Szabo  🔑 added,

      Adam Gibson @waxwing__
      Replying to @matthew_d_green @rm0rf
      Actually this tweet is revealing; it shows you missed the point at a very deep level. Bitcoin is SWIFT not Starbucks points; it's absolutely, fundamentally, not a consumer payments network. It's hard money, by design. And that's useful, far more useful, than the superficial /1
      23 replies 183 retweets 690 likes
    2. CobraBitcoinCash‏ @CobraBitcoinCsh 28 Jun 2018
      • Report Tweet
      Replying to @NickSzabo4

      Considering you’ve been in Bitcoin community since inception, I’m wondering you feel your outlook has changed (from payment -> settlement network) or if you thought that Bitcoin was always destined for settlement network (instead of layer 1 payment network)?

      2 replies 2 retweets 9 likes
      Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
      • Report Tweet
      Replying to @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.

      9:33 AM - 28 Jun 2018
      • 270 Retweets
      • 894 Likes
      • Nathan Wilson ⚡🔦 #58 Alex Enns Jenia Bark Ben Sigman Product London gaurav rana Matt Raebel bitcoin ale ☣️ Stillman
      30 replies 270 retweets 894 likes
        1. New conversation
        2. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @CobraBitcoinCsh

          Nick Szabo  🔑 Retweeted Nick Szabo  🔑

          https://mobile.twitter.com/NickSzabo4/status/936363146909908992 …

          Nick Szabo  🔑 added,

          Nick Szabo  🔑 @NickSzabo4
          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 https://twitter.com/NickSzabo4/status/936361211280502784 …
          2 replies 1 retweet 20 likes
        3. CobraBitcoinCash‏ @CobraBitcoinCsh 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4

          Thank you for the info, and I think it’s a reasonable standpoint if you agree that BTC needs to be maximally decentralized. My current favorite solution is BTC as a secure, store of value layer while atomic swapping to BCH for payments.

          10 replies 3 retweets 5 likes
        4. Mr.Hodl 🌕 🍿‏ @MrHodl 29 Jun 2018
          • Report Tweet
          Replying to @CobraBitcoinCsh @NickSzabo4

          BCH doesn't have atomic swaps.

          4 replies 0 retweets 9 likes
        5. $CashMeIfYouCan  ⚡‏ @shortclips1 29 Jun 2018
          • Report Tweet
          Replying to @MrHodl @CobraBitcoinCsh @NickSzabo4

          sure it does.

          1 reply 0 retweets 2 likes
        6. Mr.Hodl 🌕 🍿‏ @MrHodl 29 Jun 2018
          • Report Tweet
          Replying to @shortclips1 @CobraBitcoinCsh @NickSzabo4

          got a link?

          1 reply 0 retweets 2 likes
        7. Cash2BTC‏ @Cash2BTC 29 Jun 2018
          • Report Tweet
          Replying to @MrHodl @shortclips1 and

          https://www.reddit.com/r/btc/comments/7juc9i/first_of_many_bch_kmd_atomic_swap_via_barterdex/ … BCH has a much more permission scripting language than BTC due a much larger amounts of OP_CODES enabled by default, as well much larger OP_RETURN allowance. This hostility by core devs forced #ETH to move away from #BTC and to start a new chain.

          0 replies 0 retweets 7 likes
        8. End of conversation
        1. New conversation
        2. Unknwnwrld‏ @unknwnwrld 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @CobraBitcoinCsh

          Nick is projecting his failed Bit Gold dreams onto Bitcoin Which one do you want? Nick's failed Bit Gold = off chain scaling Satoshi's Bitcoin = on chain scaling

          1 reply 1 retweet 10 likes
        3. Bitmaster-kun‏ @bitmaster177 3 Jul 2018
          • Report Tweet
          Replying to @unknwnwrld @NickSzabo4 @CobraBitcoinCsh

          how did it fail when it was more theory than product?

          0 replies 0 retweets 8 likes
        4. End of conversation
        1. New conversation
        2. Ari Kuqi ~^~‏ @ari_cryptonized 29 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @CobraBitcoinCsh

          Your bit gold design doesn’t work 20 years after inception, nobody uses it. Why redesign bitcoin to make it fit your ideas while they clearly haven’t been working and clearly bitcoin, a p2p electronic cash system did for the past 10 years?

          3 replies 0 retweets 14 likes
        3. Bas Wisselink‏ @DamelonBCWS 3 Jul 2018
          • Report Tweet
          Replying to @ari_cryptonized @NickSzabo4 @CobraBitcoinCsh

          Since when is Nick "designing Bitcoin"?

          1 reply 0 retweets 2 likes
        4. Gabo Bru  🐍 ⚡️‏ @Gaboto83 3 Jul 2018
          • Report Tweet
          Replying to @DamelonBCWS @ari_cryptonized and

          since the begining I think

          0 replies 0 retweets 8 likes
        5. End of conversation
        1. New conversation
        2. Coin Agnostic  ⚡️*Not giving away BCH‏ @CoinAgnostic 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @CobraBitcoinCsh

          From what I gather LN doesn't need BTC when all's said and done @SatoshiLite @decredproject or any other coins that can be swapped can be used & will be. So LN is the only layer that matters if it can switch on the fly. Seems like a parasitic trojan horse.

          1 reply 0 retweets 4 likes
        3. Joel Kaartinen  ⚡‏ @jkaartinen 3 Jul 2018
          • Report Tweet
          Replying to @CoinAgnostic @NickSzabo4 and

          LN can be a compatibility layer between chains that support it. LN doesn't have a token, though, so it's inaccurate to say "switch on the fly". Every user is free to choose what tokens they deal in. But cross-token payments will have significantly higher fees.

          1 reply 0 retweets 1 like
        4. Coin Agnostic  ⚡️*Not giving away BCH‏ @CoinAgnostic 3 Jul 2018
          • Report Tweet
          Replying to @jkaartinen @NickSzabo4 and

          Switch on the fly with any other coin that is running LN.

          1 reply 0 retweets 1 like
        5. Joel Kaartinen  ⚡‏ @jkaartinen 3 Jul 2018
          • Report Tweet
          Replying to @CoinAgnostic @NickSzabo4 and

          If you mean that LN can also function as a decentralized exchange service between the chains that support LN, then sure, that's true.

          0 replies 0 retweets 3 likes
        6. End of conversation
        1. New conversation
        2. Autonomous Bitcoin AI #2357 ⚡‏ @2357_is_prime 28 Jun 2018
          • Report Tweet
          Replying to @_oliberal @NickSzabo4 @CobraBitcoinCsh

          "moral right" LOL 😂

          1 reply 0 retweets 22 likes
        3. Mihail‏ @mgarbuzov 2 Sep 2018
          • Report Tweet
          Replying to @2357_is_prime @NickSzabo4 @CobraBitcoinCsh

          Not to mention there is some strong indirect evidence that Nick is Satoshi.

          1 reply 0 retweets 0 likes
        4. Autonomous Bitcoin AI #2357 ⚡‏ @2357_is_prime 2 Sep 2018
          • Report Tweet
          Replying to @mgarbuzov @NickSzabo4 @CobraBitcoinCsh

          It doesn't matter whether Nick is Satoshi or not.

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. Alonso ₿  ⚡ 🌊 🇨🇴‏ @AlonsoBTC 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @CobraBitcoinCsh

          you are a true master Nick.

          0 replies 0 retweets 3 likes
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