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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 14 Oct 2018
      • Report Tweet

      Nick Szabo  🔑 Retweeted Timón

      "Smart contract" is a very useful concept & phrase. "Smart" as in "smart phone" (shorthand for computerized phone), "contract" meaning it does some important things we previously relied on contracts to do for our deals, especially controlling assets & incentivizing performance.https://twitter.com/timoncc/status/1051420695488552960 …

      Nick Szabo  🔑 added,

      Timón @timoncc
      Replying to @BitcoinErrorLog @VitalikButerin and 6 others
      I find atomic swaps ir lightning payment channels pretty smart, and quite similar to a traditional contract, just with no law or judge beyond the blockchain's.
      9 replies 57 retweets 212 likes
      Show this thread
    2. Alex Mizrahi‏ @killerstorm 14 Oct 2018
      • Report Tweet
      Replying to @NickSzabo4

      I think it's important to distinguish "smart contract" as a conceptual agreement from a script which implements it. Say, atomic swap is an agreement, and thus can be called a smart contract. It can be implemented using a several components, particularly, wallet software and

      1 reply 1 retweet 3 likes
    3. Alex Mizrahi‏ @killerstorm 14 Oct 2018
      • Report Tweet
      Replying to @killerstorm @NickSzabo4

      blockchain scripts. Each script by itself is NOT a smart contract, it is a part of an implementation which only makes sense as a part of the protocol. I used this example in a talk about smart contracts I gave few months ago:https://youtu.be/lTfzyidDHRQ?t=285 …

      1 reply 1 retweet 2 likes
    4. Alex Mizrahi‏ @killerstorm 14 Oct 2018
      • Report Tweet
      Replying to @killerstorm @NickSzabo4

      Hash-lock script doesn't have any information about price, or what is being exchange, it is essentially just a cryptographic primitive. @NickSzabo4 Do you agree with this notion?

      1 reply 1 retweet 1 like
      Nick Szabo  🔑‏ @NickSzabo4 14 Oct 2018
      • Report Tweet
      Replying to @killerstorm

      Where a hash-lock script is controlling assets and, as with collateral, incentivizing a performance, it's reasonable to call it a smart contract, although I'd tend to apply the phrase to the broader pieces of code making use of the hash-lock to structure deals.

      4:17 PM - 14 Oct 2018
      • 2 Retweets
      • 7 Likes
      • Nick ╭ʕ•ᴥ•ʔ╮ Simple ICO Michelle Varron Pierre Rochard Giacomo Zucco [I identify as a -e^iπ vampire] Udi Wertheimer Alex Mizrahi ☀️💧Leon-Gerard Vandenberg 🇨🇦🇦🇺
      0 replies 2 retweets 7 likes

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