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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. Brandon Quittem‏ @bquittem Feb 19
      • Report Tweet

      Brandon Quittem Retweeted Dan Hedl

      Bitcoin isn't gold coins... it's the gold elementhttps://twitter.com/danheld/status/1097894882277056512 …

      Brandon Quittem added,

      Dan Hedl @danheld
      Bitcoin is a super commodity, minted from energy, the fundamental commodity of the universe. PoW transmutes electricity into digital gold. The fact that PoW is “costly” is a feature, not a bug.
      9 replies 18 retweets 116 likes
      Show this thread
    2. Nick Szabo  🔑‏ @NickSzabo4 Feb 19
      • Report Tweet
      Replying to @bquittem

      Bitcoin's unforgeable costlines provides a secure, albeit complicated and risky, fallback supply limit should the 21 million schedule fail due to social engineering.

      4 replies 0 retweets 28 likes
    3. bharathrao‏ @bharathrao Feb 19
      • Report Tweet
      Replying to @NickSzabo4 @bquittem

      Any change to the 21M cap will turn into another ho-hum fork with marginal following.

      1 reply 0 retweets 2 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 Feb 19
      • Report Tweet
      Replying to @bharathrao @bquittem

      That's by far the most likely outcome among current Bitcoin cognoscenti. But if you took a vote of macroeconomists, the vast majority would vote to change it to add inflation. That's what their theology tells them to do.

      3 replies 0 retweets 14 likes
    5. Linear Trav‏ @3DNuts Feb 19
      • Report Tweet
      Replying to @NickSzabo4 @bharathrao @bquittem

      They know of nothing else, theology is definitely the correct word. Do you think the Austrian mind set needs to take hold more to ensure bitcoins future world domination? Or will it just become self evident, a la Gresham's Law?

      1 reply 0 retweets 1 like
    6. Nick Szabo  🔑‏ @NickSzabo4 Feb 19
      • Report Tweet
      Replying to @3DNuts @bharathrao @bquittem

      Most needed: (1) and most important, factual, as free of ideology as possible, archeology-based (and to some careful extent based on traveller/missionary/ethnographer reports) study of origins and various histories of money, (2) the Austrian critique of central banker theology.

      1 reply 0 retweets 4 likes
    7. Linear Trav‏ @3DNuts Feb 19
      • Report Tweet
      Replying to @NickSzabo4 @bharathrao @bquittem

      So essentially what you're saying is that your entire blog could be Masters' Level Economic Theory that would change hearts/minds. 😉

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Feb 19
      • Report Tweet
      Replying to @3DNuts @bharathrao @bquittem

      It's a good place to start thanks!

      9:19 AM - 19 Feb 2019
      0 replies 0 retweets 1 like

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