Nick Szabo 🔑 on Twitter: ""Financial institutions make people feel safe by hiding risk behind layers of complexity. Crypto brings risk front and center and brags about it on the internet."… https://t.co/XBj0lo2U6s"

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1. Crypto Law Student ‏ @bitcornlaw Jan 16
  
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  Replying to @NickSzabo4
  
  Those layers of complexity also consist of regulations, lawyers, compliance departments, governmental bodies etc...all of which contribute to the illusion of safety. Crypto has none of that and places the onus of reducing risk on the individual
  
  3 retweets 18 likes
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1. space news‏ @fake_knews Jan 16
  
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  Replying to @NickSzabo4
  
  space news Retweeted space news
  
  https://twitter.com/fake_knews/status/1084970737306193920 …
  
  space news added,
  
  space news @fake_knews
  
  Replying to @oliverbeige @MimeticValue @random_walker
  
  After pondering a bit. Bitcoin seems more complex at first glance but is actually/ideally a much more simplified and trackable global payment solution than that of traditional banking system which uses a mint. Majority of people just never tried to understand traditional banking.
  
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1. Sp00key Dyme ‏ @CryptoParadyme Jan 16
  
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  Replying to @NickSzabo4
  
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1. Winson Ng [ ₿]‏ @WinsonNg12 Jan 17
  
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  Replying to @NickSzabo4
  
  With Tens of billions of dollars in monopoly profits piling up each year, even in a downturn, financial institutions have all the means to cover up all the risks and pay all those tiny fines.
  
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1. d ‏ @dougalpollux Jan 17
  
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  Replying to @NickSzabo4 @stacyherbert
  
  d Retweeted Nick Szabo
  
  well said https://twitter.com/nickszabo4/status/1085768225936134144?s=21 … #crypto
  
  d added,
  
  Nick Szabo @NickSzabo4
  
  "Financial institutions make people feel safe by hiding risk behind layers of complexity. Crypto brings risk front and center and brags about it on the internet." https://twitter.com/business/status/1085533118545711111 …
  
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1. Tristram Waye‏ @TristramWaye Jan 17
  
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  Replying to @NickSzabo4 @Cernovich
  
  Risk is hidden through regulation that removes agency
  
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1. Phillip Gibb‏ @phillipgibb Jan 17
  
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  Replying to @NickSzabo4 @lohanspies
  
  Although with that move of risk, there is a move of liability
  
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1. t20211811‏ @t20211811 Jan 18
  
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  Replying to @NickSzabo4
  
  @jacksongott correct. Socialized costs in the form of a binary credit default swap - FDIC, SIPC...
  
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1. Paavo C‏ @PaavoCoin Jan 21
  
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  Replying to @NickSzabo4
  
  You can never underestimate people's fear of looking dumb for asking "dumb" questions. This fear is one of the foundations that keeps the complexity of financial institutions alive. The deliberate use of complicated terminology is a good example...
  
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1. CloseApproximation‏ @closeapproximat Jan 16
  
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  Replying to @NickSzabo4
  
  Yesss
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1. Crypto Monkey‏ @cryptomonkey15 Jan 17
  
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  Replying to @NickSzabo4
  
  Bloomberg should be ignored and unfollowed. They try to sabotage BTC since it's a threat to the mass control system they belong to.
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1. CRYPTOVERSE (GIVING AWAY KNOWLEDGE)‏ @AshishS17228231 Jan 17
  
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  Replying to @NickSzabo4
  
  Hi sir I would like to invite you on my podcast
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