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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 Feb 5
      • Report Tweet

      Nick Szabo  🔑 Retweeted Matt Luongo (Osaka)

      Bitcoin security would not be irreparably degraded if hash power decreased over the long run. The worst consequence of a gradually lower hash power / market cap ratio: it may require recipients of very-high-value transactions to wait more blocks before relying on them.https://twitter.com/mhluongo/status/1092559882056802304 …

      Nick Szabo  🔑 added,

      Matt Luongo (Osaka) @mhluongo
      As the block reward shrinks, though, those tx fees have to grow larger to support the same accumulating security on chain.
      Show this thread
      22 replies 119 retweets 403 likes
      Nick Szabo  🔑‏ @NickSzabo4 Feb 5
      • Report Tweet
      Replying to @jdecentralized

      No paper, just a presentation, and we have been distracted into other projects but hope to get back to it.

      12:58 PM - 5 Feb 2019
      • 3 Likes
      • Richard Myers ⚡🕸️📻 Salihu Ayuba
      0 replies 0 retweets 3 likes

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