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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. Alex Bosworth ☇‏ @alexbosworth 27 Jun 2018
      • Report Tweet

      There's a testnet satoshis place in addition to the mainnet one. Even though that version costs nothing & has the same exact features, plus there are more testnet wallet clients, the mainnet version is getting 40x the number of payments per day. Done right, micropayments do work.

      6 replies 18 retweets 143 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
      • Report Tweet
      Replying to @alexbosworth @LightningK0ala

      Only when they are part of the fun of a game as in Monopoly or these Lightning test apps. Games are not real life -- do not be fooled like the countless lemmings before that have lept over the micropayments cliff.

      3 replies 3 retweets 23 likes
    3. Libertant‏ @libertant 28 Jun 2018
      • Report Tweet
      Replying to @NickSzabo4 @alexbosworth @LightningK0ala

      What do you see as the fundamental impediment to micropayments?

      1 reply 0 retweets 1 like
    4. John Light‏ @lightcoin 28 Jun 2018
      • Report Tweet
      Replying to @libertant @NickSzabo4 and

      https://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf …

      4 replies 1 retweet 13 likes
    5. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
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      Replying to @lightcoin @libertant and

      Thanks!

      1 reply 0 retweets 7 likes
    6. Ben DiFrancesco‏ @BenDiFrancesco 28 Jun 2018
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      Replying to @NickSzabo4 @lightcoin and

      Nick, what do you think of "micropayments" that are metered out automatically by software based on usage? Seems it could be transformative but also cognitively scaleable, as there is a precedent- I make a "micropayment" everytime I turn on a lightswitch or run the faucet

      1 reply 0 retweets 0 likes
      Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
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      Replying to @BenDiFrancesco @lightcoin and

      Works only for fungible goods and below normal granularity levels doesn't serve the purpose of conserving resources (costs more in brain time to worry about it).

      1:15 PM - 28 Jun 2018
      • 2 Likes
      • BitCommit Ben DiFrancesco
      1 reply 0 retweets 2 likes
        1. Ben DiFrancesco‏ @BenDiFrancesco 28 Jun 2018
          • Report Tweet
          Replying to @NickSzabo4 @lightcoin and

          Makes sense. Are you bullish on decentralized “markets” for fungible goods like storage and compute, or do these fall below that threshold?

          0 replies 0 retweets 0 likes
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