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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 25
      • Report Tweet
      Replying to @adam3us @peterktodd

      Making non-fungible bit gold was decentralized. Making it fungible required a ShapeShift-like exchange, which at that time would have had to have been centralized.

      2 replies 1 retweet 25 likes
    2. Peter Todd‏ @peterktodd Feb 25
      • Report Tweet
      Replying to @NickSzabo4 @adam3us

      Non-fungible Bitgold is centralized in the same sense that stocks are centralized: sure there are thousat and thousands. But each one is a centralized system.

      3 replies 0 retweets 2 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 Feb 25
      • Report Tweet
      Replying to @peterktodd @adam3us

      How so?

      1 reply 0 retweets 3 likes
    4. Peter Todd‏ @peterktodd Feb 25
      • Report Tweet
      Replying to @NickSzabo4 @adam3us

      To avoid confusion, what do you think non-fungible Bitgold is?

      1 reply 0 retweets 1 like
    5. Adam Back‏ @adam3us Feb 25
      • Report Tweet
      Replying to @peterktodd @NickSzabo4

      I think in the bit-gold model there was proposed to be a collectible market collecting up different scarcity stamps, into standard value bundles. those specialised dealers would not be so decentralised as a market function.

      1 reply 1 retweet 6 likes
    6. Peter Todd‏ @peterktodd Feb 25
      • Report Tweet
      Replying to @adam3us @NickSzabo4

      But concretely, what prevents double spends in that model?

      1 reply 1 retweet 0 likes
    7. Adam Back‏ @adam3us Feb 25
      • Report Tweet
      Replying to @peterktodd @NickSzabo4

      byzantine agreement between servers.

      1 reply 1 retweet 8 likes
    8. Peter Todd‏ @peterktodd Feb 25
      • Report Tweet
      Replying to @adam3us @NickSzabo4

      Right, which is centralized.

      1 reply 1 retweet 4 likes
    9. Nick Szabo  🔑‏ @NickSzabo4 Feb 25
      • Report Tweet
      Replying to @peterktodd @adam3us

      That's a preposterous way to describe its flaws. It is decentralized, but in a flawed way (vulnerable to Sybil attack) which Nakamoto greatly improved upon. In any case, it was the state of the art in secure decentralization in 1998, nobody knew how to do it any better.

      1 reply 3 retweets 43 likes
    10. Peter Todd‏ @peterktodd Feb 25
      • Report Tweet
      Replying to @NickSzabo4 @adam3us

      1998 simply didn't have decentralized consensus. There's no reason to sugar coat it - it just hadn't been invented.

      3 replies 1 retweet 5 likes
      Nick Szabo  🔑‏ @NickSzabo4 Feb 25
      • Report Tweet
      Replying to @peterktodd @adam3us

      You are abusing the English language, not helping anyone understand this technology.

      8:24 AM - 25 Feb 2019
      • 1 Retweet
      • 29 Likes
      • BitGoldNinja Genia🔥 ☣️ Mr. Nobody ☢️ Botez Ionel Wang Ping seastrader Mr.Hodl🌕🍿 Girαffe[NEW FRIDGE] jimmyhomma⚡️[LN adoption]
      3 replies 1 retweet 29 likes
        1. New conversation
        2. Peter Todd‏ @peterktodd Feb 25
          • Report Tweet
          Replying to @NickSzabo4 @adam3us

          I think you're abusing the English language, misleading people to think technologies that don't provide decentralized consensus do. And I suspect you're doing it because unlike myself, you're unwilling to admit that your efforts failed.

          13 replies 3 retweets 24 likes
        3. Dmitry Ƀ‏ @Knightfall21 Feb 25
          • Report Tweet
          Replying to @peterktodd @NickSzabo4 @adam3us

          Bro,...Nick might literally be Satoshi...

          1 reply 0 retweets 2 likes
        4. Kizami Zuki‏ @Kizami_Z Feb 25
          • Report Tweet
          Replying to @Knightfall21 @peterktodd and

          Does that make it any less likely that either party here is correct?

          1 reply 0 retweets 1 like
        5. Dmitry Ƀ‏ @Knightfall21 Feb 25
          • Report Tweet
          Replying to @Kizami_Z @peterktodd and

          No. We just went from zero to ad hominem real quick. Even for Bitcoin Twitter...

          1 reply 0 retweets 0 likes
        6. Kizami Zuki‏ @Kizami_Z Feb 25
          • Report Tweet
          Replying to @Knightfall21 @peterktodd and

          Show me the "ad hominem".

          1 reply 0 retweets 2 likes
        7. Timón‏ @timoncc Feb 26
          • Report Tweet
          Replying to @Kizami_Z @Knightfall21 and

          Yeah, I don't see any ad hominem fallacy. Just people disagreeing. It seems mostly on terminology.

          1 reply 0 retweets 1 like
        8. Dmitry Ƀ‏ @Knightfall21 Feb 26
          • Report Tweet
          Replying to @timoncc @Kizami_Z and

          I don't want to get into the different insults used on CT, but Todd calling the guy who's potentially Satoshi, or at least contributed a lot to the space, a failure, is a bit rich if not slander.

          2 replies 0 retweets 1 like
        9. 3 more replies
        1. NT  ☣‏ @CryptoN_T Feb 25
          • Report Tweet
          Replying to @NickSzabo4 @peterktodd @adam3us

          Can this be a live panel debate somewhere please lol

          0 replies 1 retweet 5 likes
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        1. New conversation
        2. Nicklas Baesler‏ @NicklasBaesler Feb 25
          • Report Tweet
          Replying to @NickSzabo4 @peterktodd @adam3us

          Nick, Peter, Adam.... could this trio be at least part of the group called “Satoshi” if not it’s entirety?

          3 replies 0 retweets 2 likes
        3.  🧐 Bitcoin Gent!  🧐‏ @BitcoinGent Feb 25
          • Report Tweet
          Replying to @NicklasBaesler @NickSzabo4 and

          Shhhh

          0 replies 0 retweets 1 like
        4. End of conversation

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