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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 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
      12 replies 79 retweets 262 likes
    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
      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.

      3:52 PM - 18 Nov 2018
      • 3 Retweets
      • 12 Likes
      • ɹʞɔɟɯ🥩🏴📉 SPOOKY JUDGE Flightcrew 🇺🇸 Riding Unicorns to the Moon Sorin Cristescu Simple ICO JTierney Robert E. P. Levy Paul Pajo 🧢 [Jan/3➞₿ 🔑∎] #Insulin4All {#HODL}
      5 replies 3 retweets 12 likes
        1. New conversation
        2. 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
        3. 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
        4. Dan Plante‏ @Daniel_Plante 20 Nov 2018
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          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
        5. End of conversation
        1. New conversation
        2. crypt0Phil‏ @Crypt0Phil 18 Nov 2018
          • Report Tweet
          Replying to @NickSzabo4

          That's not consistent with my experience. https://en.wikipedia.org/wiki/Incentive 

          0 replies 0 retweets 0 likes
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        4. crypt0Phil‏ @Crypt0Phil 18 Nov 2018
          • Report Tweet
          Replying to @completelyeart1 @NickSzabo4

          I am apparently not the only one. Have you taken a look at the wikipedia article above? You can define whatever you want, but speaking of that ppl generally speak of monetary incentives is straight-out bs. Also it is not consistent with common definitions in socioeconomics.

          0 replies 0 retweets 0 likes
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        6. crypt0Phil‏ @Crypt0Phil 18 Nov 2018
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          Replying to @completelyeart1 @NickSzabo4

          Well, I suggest that you read more about incentive theory, esp intrinsic and extrinsic motivations.

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

          Correct, this is a belatedly understood problem with so-called 'rational (wo)man' theories about economic behavior. We can't really know what is in our absolute best interests even if we knew what were our best interests.

          0 replies 0 retweets 0 likes
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        1. Alrenous‏ @Alrenous 20 Nov 2018
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          Replying to @NickSzabo4

          If that's what you meant in the first place, that's what you should have said in the first place.

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