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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. Neeraj Thakur‏ @NeerajT4 19 Jul 2018
      • Report Tweet

      Neeraj Thakur Retweeted Nick Szabo  🔑

      Very few decentralized projects are truly distributed and diverse right from the start.https://twitter.com/NickSzabo4/status/1020019517953462272 …

      Neeraj Thakur added,

      Nick Szabo  🔑 @NickSzabo4
      "All other projects..." is an overstatement. I have, however, sadly observed that projects initially built via a hierarchical organization (for example a VC-funded company) almost always stay centralized, which destroys the main value prop of blockchains, trust minimization. https://twitter.com/peacedafout/status/1019989032846020608 …
      Show this thread
      1 reply 5 retweets 20 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 19 Jul 2018
      • Report Tweet
      Replying to @NeerajT4

      Neither was Bitcoin, but a series of fortunate governance events (disappearance of Satoshi, slide into irrelevance of Bitcoin Foundation, failure of various fork movements by hierarchical org leaders) made it much more resilient vs. centralization. Anti-hierarchy immune system.

      15 replies 77 retweets 417 likes
    3.  ☣️ tmornini [ ⚡️/Bitcoin ⩬ TCP/IP]‏ @tmornini 19 Jul 2018
      • Report Tweet
      Replying to @NickSzabo4 @NeerajT4

      Hard to tell whether those events strengthened it, or its inherent game theoretic construction inevitably led to those events. Satoshi vanishing may have been the last piece of game theory required for immunity...

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 19 Jul 2018
      • Report Tweet
      Replying to @tmornini @NeerajT4

      It's mostly good protocol design, partly luck, partly as Adam pointed out hard work (of people reifying good core principles to fight the hiearchs), and only very partly game theory, which is helpful but can't reliably predict outcomes in such complex social situations.

      7:41 PM - 19 Jul 2018
      • 3 Retweets
      • 19 Likes
      • JacksonMonero Coin Market Apps ⚡️ Sean Erle Johnson Paul Jones ⚡️ DREAMiners Adam Back Andre Maltez a×wolf×called×storm Chris FitzGerald⚡
      1 reply 3 retweets 19 likes
        1. Joe Walton‏ @JosephBWalton 20 Jul 2018
          • Report Tweet
          Replying to @NickSzabo4 @tmornini @NeerajT4

          Good use of reifying

          0 replies 0 retweets 0 likes
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