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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 12 Aug 2018
      • Report Tweet

      Nick Szabo  🔑 Retweeted Cenacle Capital

      I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.https://twitter.com/cenaclecapital/status/1028632915951972352 …

      Nick Szabo  🔑 added,

      Cenacle Capital @cenaclecapital
      Replying to @CaitlinLong_ @saifedean and 3 others
      I'm losing respect for the #bitcoin community. Everyone wants an ETF but without the backoffice / hard to borrow/fail to deliver consequences. Its like they want physical stock certificates on #bitcoin SMH
      34 replies 139 retweets 637 likes
    2. Imran Lorgat ⚡‏ @ImranLorgat 12 Aug 2018
      • Report Tweet
      Replying to @NickSzabo4

      Never understood the hype of Bitcoin ETFs. You have the world's first global digital self-custodial asset... and people want to buy pieces of a fund that holds it in their custody, on bordered platforms controlled by third parties? Waste of time!

      2 replies 14 retweets 59 likes
    3. Leon Gaban‏ @leongaban 12 Aug 2018
      • Report Tweet
      Replying to @ImranLorgat @NickSzabo4

      Because most people do Not want to self custody. The only people in crypto now are power users, developers and traders. If you wan this to be a global thing, then they will want something that is easy and regulated. That’s facts.

      4 replies 0 retweets 10 likes
    4. Leon Gaban‏ @leongaban 12 Aug 2018
      • Report Tweet
      Replying to @leongaban @ImranLorgat @NickSzabo4

      Look I’m as crypto-anarcho as they next, but Bitcoin is at a stage now where adoption requires compromise if you want to reach billions. The radicals, maximalists are just like any other fundamentalists, they are actually holding things back.

      1 reply 0 retweets 1 like
    5. This Tweet is unavailable
    6. Leon Gaban‏ @leongaban 12 Aug 2018
      • Report Tweet

      Not trying to convince anyone of that. They aren't 100% secure, however they also aren't just going to lose a customer's private key and thus their entire wealth. Eventually in a generation we will get to a point where people won't need those 3rd parties, but not right now.

      2 replies 0 retweets 0 likes
    7. Leon Gaban‏ @leongaban 12 Aug 2018
      • Report Tweet
      Replying to @leongaban @ImranLorgat @NickSzabo4

      And we need institutional involvement to get us to that next stage... Anyways this is a mute point, institutions are already in Bitcoin, I've seen the OTC orders. Bakkt, ICE, Northern Trust, all these are going to allow common folk to get exposure to Bitcoin and other cryptos.

      1 reply 0 retweets 0 likes
      Nick Szabo  🔑‏ @NickSzabo4 12 Aug 2018
      • Report Tweet
      Replying to @leongaban @ImranLorgat

      That's not exposure to trust-minimized Bitcoin, it's exposure to trust-maximized bitcoin, a misleading knockoff.

      6:01 PM - 12 Aug 2018
      0 replies 0 retweets 0 likes

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