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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 18 Nov 2018
    • Report Tweet

    Nick Szabo  🔑 Retweeted BitMEX Research

    Motivations are often stronger than incentives. Many will pay big for more expected future control over other peoples' money. Even more wasteful struggles for control exist at much larger scales in digitally centralized (mistakenly called "traditional") financial operations.https://twitter.com/BitMEXResearch/status/1064293353938915328 …

    Nick Szabo  🔑 added,

    BitMEX Research @BitMEXResearch
    Hash war estimated costs live update If one assumes the hashrate is leased, we estimate the protagonists have spent $6.7m in leasing fees since the split, generating combined gross losses of $4.6m. It is only a matter of time until this pointless battle ends. pic.twitter.com/o60s2iAMWn
    Show this thread
    3:37 PM - 18 Nov 2018
    • 79 Retweets
    • 262 Likes
    • DannyBReal Víctor CryptoSteve makoto takemiya 武宮誠 Winson Ng [🔑₿] Thanos Amoutzias gaurav rana Andrew Gillette Nidhal MG
    12 replies 79 retweets 262 likes
      1. New conversation
      2. crypt0Phil‏ @Crypt0Phil 18 Nov 2018
        • Report Tweet
        Replying to @NickSzabo4

        Motivations are incentives. I don't know what you are talkig about.

        2 replies 0 retweets 1 like
      3. Nick Szabo  🔑‏ @NickSzabo4 18 Nov 2018
        • Report Tweet
        Replying to @Crypt0Phil

        No. People who use the word "incentives", despite what they claim, generally only look at narrow pecuniary motivations, not desires for control over other people (or over institutions depended on by other humans) as at play here & in more overrly centralized financial businesses.

        5 replies 3 retweets 12 likes
      4. Dan Plante‏ @Daniel_Plante 18 Nov 2018
        • Report Tweet
        Replying to @NickSzabo4

        @talkEther is right Nick. Motivation and incentive are two sides of the same coin. I have to admit I found it confusing as well. Perhaps you could review and reconsider your wording or conceptualization.

        1 reply 0 retweets 1 like
      5. Mounir GH‏ @MGHLAIEL 20 Nov 2018
        • Report Tweet
        Replying to @Daniel_Plante @NickSzabo4

        Incentives can be motivations the opposite is not always correct. But in My opinion, the word "incentive" lacks weight in the context of power and control.

        1 reply 0 retweets 0 likes
      6. Dan Plante‏ @Daniel_Plante 20 Nov 2018
        • Report Tweet
        Replying to @MGHLAIEL @NickSzabo4

        Incentives, deliberately designed or not, are the drivers of motivation. That is the causal relation. But tightly related they certainly are. Parse your second sentence with that in mind.

        0 replies 0 retweets 0 likes
      7. End of conversation
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      1. crappyrules‏ @crappyrules 18 Nov 2018
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        Replying to @NickSzabo4

        I think at this point @ProfFaustus and @rogerkver together have proved themselves irrelevant to the rest of the crypto world and are stuck in their own little sphere of egos and comparison of micropenises.

        0 replies 0 retweets 2 likes
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      1. JD Barnard‏ @JDBtracker 19 Nov 2018
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        Replying to @NickSzabo4

        The Though of losing can be powerful as well... The negative value of missing out

        0 replies 0 retweets 1 like
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      1. Rhys Saxton‏ @rhyssaxton602 18 Nov 2018
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        Replying to @NickSzabo4

        Wasteful struggles for controlpic.twitter.com/Nhavq3REfB

        0 replies 0 retweets 0 likes
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      1. Barneymac‏ @Barneymac24 18 Nov 2018
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        Replying to @NickSzabo4

        We need "opt in" or "opt out" taxation system, want to give your money to illegals ? That`s fine, Opt in ! Want to keep your own money, Opt out ! Easy, can be applied to many situations, abortion, war, re-election campaigns, put your money where your mouth is in real time, cool!

        0 replies 0 retweets 0 likes
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      1. 0110100001101001‏ @AmazonMotoring 18 Nov 2018
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        Replying to @NickSzabo4

        It can be summed up in its root, evil.

        0 replies 0 retweets 0 likes
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      1. Jon Gulson‏ @jongulson 19 Nov 2018
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        Replying to @NickSzabo4

        If Marx had stayed at the feet of Blake rather than Riccardo, history would have taken a different course.

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      1. zender  🛡‏ @zndtoshi 18 Nov 2018
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        Replying to @NickSzabo4

        Fools are parted from their bitcoins. But is this a case where Bitcoin naturally gravitates to users and leaves the hands of the ill intended even if they don't want to give them away? Like a Bitcoin motivation justice.

        0 replies 0 retweets 1 like
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