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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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    Nick Szabo ⚡️‏ @NickSzabo4 Sep 26

    "Venezuela, where a socialist regime once praised by The New York Times as both successful and sustainable is teetering on the brink of collapse while its leaders are dining at fine restaurants."https://fee.org/articles/some-are-more-equal-than-others-in-socialist-venezuela/ …

    5:56 AM - 26 Sep 2018
    • 147 Retweets
    • 439 Likes
    • Anton Seim⚡ Aez Stan Noah Ruderman ⚡ Gordan Gecko John Cory Mario murat Patrick Michalina
    37 replies 147 retweets 439 likes
      1. New conversation
      2. Gabor Gurbacs‏ @gaborgurbacs Sep 26
        Replying to @NickSzabo4

        Socialism simply doesn’t work in practice.

        8 replies 2 retweets 11 likes
      3. Donald McIntyre ⚡️‏ @TokenHash Sep 26
        Replying to @gaborgurbacs @NickSzabo4

        Joseph Stiglitz used to come to Argentina in 2001/03 to support the Kirchner's. Today Cristina has a several indictments and a slew of witnesses have detailed how they stole billions in bribes. Moving the physical cash paid by contractors in limousines!https://www.miamiherald.com/news/local/news-columns-blogs/andres-oppenheimer/article216342810.html …

        2 replies 1 retweet 3 likes
      4. Donald McIntyre ⚡️‏ @TokenHash Sep 26
        Replying to @TokenHash @gaborgurbacs @NickSzabo4

        There's nothing more dangerous than academics unconscious of their ignorance pretending they know a lot and primarily cultivating a cult of followers who just do whatever they say. Even worse when they become tools for corrupt circles who use them as theoretical justification.

        1 reply 2 retweets 7 likes
      5. 1 more reply
      1. New conversation
      2. Common Cents Crypto‏ @CryptoCentsible Sep 26
        Replying to @NickSzabo4

        Socialism itself is not the problem, greed & corruption is. What the world needs is a complete political & economic revolution that focuses on the best humanity has to offer, while trying to minimize pain & suffering for all.

        2 replies 0 retweets 3 likes
      3. Benjamin Jones‏ @lucklepper Sep 27
        Replying to @CryptoCentsible @NickSzabo4

        Sadly no. Greed and corruption are always present, our natures are reactive. If you change the incentives you’ll change the people. All socialism does is speed up the process of corruption and breeds resentment alongside greed. Socialism will fail every time, runs out of money

        1 reply 0 retweets 2 likes
      4. Common Cents Crypto‏ @CryptoCentsible Sep 27
        Replying to @lucklepper @NickSzabo4

        Most systems fail when they run out of money.

        1 reply 0 retweets 0 likes
      5. Benjamin Jones‏ @lucklepper Sep 28
        Replying to @CryptoCentsible @NickSzabo4

        How often has capitalism run out of money?

        0 replies 0 retweets 1 like
      6. End of conversation
      1. New conversation
      2. Crypto Narnia‏ @CryptoNarnia Sep 26
        Replying to @NickSzabo4

        I may be wrong here, but don’t most national leaders dine at fine restaurants no matter what state their nation is in?

        1 reply 0 retweets 9 likes
      3. 1 more reply
      1. New conversation
      2. 𝐓𝐡𝐞 𝐃𝐞𝐬𝐢𝐠𝐧 𝐅𝐥𝐚𝐰‏ @TheDesignFlaw Sep 26
        Replying to @NickSzabo4

        I'm sure US interference, sanctions and election meddling have absolutely nothing to do with the problems in Venezuela. It's all just scary socialism. You're smarter than to be this reductive Nick. There is a lot of nuance to what is happening in Venezuela.

        1 reply 0 retweets 1 like
      3. Simple Simon‏ @EasySimon Sep 26
        Replying to @TheDesignFlaw @NickSzabo4

        My sentiments put more eloquently.

        1 reply 0 retweets 1 like
      4. 𝐓𝐡𝐞 𝐃𝐞𝐬𝐢𝐠𝐧 𝐅𝐥𝐚𝐰‏ @TheDesignFlaw Sep 26
        Replying to @EasySimon @NickSzabo4

        Well thanks. Here's what that eloquence got me... a block. It's a shame, because I respect him in a number of ways. It's not like I was trolling him or anything. Oh well.pic.twitter.com/YlBX8yYrJ4

        1 reply 0 retweets 0 likes
      5. Simple Simon‏ @EasySimon Sep 26
        Replying to @TheDesignFlaw @NickSzabo4

        Its surprised me. Twitter is obviously a place for dictates not debates to Nick.

        0 replies 0 retweets 1 like
      6. End of conversation
      1. New conversation
      2. Robbie Cochrane‏ @robbehcochrane Sep 26
        Replying to @NickSzabo4

        #currencyindependence is looking to fight this.

        1 reply 1 retweet 1 like
      3. 1 more reply
      1. New conversation
      2. C_ruhf‏ @C_ruhf Sep 26
        Replying to @NickSzabo4

        Fun fact: did you know that the definition of socialism varies between countries even in countries speaking the same language. The UK definition is different from the US. https://dictionary.cambridge.org/dictionary/english/socialism …

        1 reply 0 retweets 2 likes
      3. 1 more reply
      1. New conversation
      2. Crummyworld‏ @crummyworld Sep 26
        Replying to @NickSzabo4

        Call me paranoid but "once praised by The New York Times as" always sounds like a weasel phrase.

        1 reply 0 retweets 2 likes
      3. 1 more reply

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