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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 22 Aug 2018
      • Report Tweet

      Nick Szabo  🔑 Retweeted paralleldown

      The potential of a Turing-complete blockchain: CFDs, derivatives, rule-based pools of money, trust-minimized intermediation of cash flows, tons of things.https://twitter.com/paralleldown/status/1031948909785096192 …

      Nick Szabo  🔑 added,

      paralleldown @paralleldown
      Replying to @realpauleverton @fiebsy
      Off top of my head - dharma, dydx, makerdao, augur/gnosis, set protocol, nexus mutual, compound
      13 replies 48 retweets 166 likes
    2. 7d5x9‏ @7d5x9 22 Aug 2018
      • Report Tweet
      Replying to @NickSzabo4

      None of those things need turing completeness. Discrete Log Contracts, scriptless scripts, Simplicity

      1 reply 0 retweets 1 like
    3. Nick Szabo  🔑‏ @NickSzabo4 22 Aug 2018
      • Report Tweet
      Replying to @7d5x9

      How do you propose to implement pools of money or cash flows with dynamic membership without Turing completeness?

      1 reply 0 retweets 1 like
    4. 7d5x9‏ @7d5x9 22 Aug 2018
      • Report Tweet
      Replying to @NickSzabo4

      The blockchain does not need to execute a turing complete smart contract. Post's Theorum for more info. Simplicity will provide witness validation necessary for arbitrary complexity without any turing complete scripting on the chain itself.

      1 reply 0 retweets 2 likes
    5. 7d5x9‏ @7d5x9 22 Aug 2018
      • Report Tweet
      Replying to @7d5x9 @NickSzabo4

      But "cash flows" and "dynamic membership" are opaque enough to not be something I can peg down with any certainty.

      2 replies 0 retweets 0 likes
      Nick Szabo  🔑‏ @NickSzabo4 22 Aug 2018
      • Report Tweet
      Replying to @7d5x9

      Those are both clear terms. If you don't understand them you have some more learning to do in this space.

      8:49 PM - 22 Aug 2018
      • 1 Like
      • Gaming Grandpa
      0 replies 0 retweets 1 like

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