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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. Pahueg‏ @pahueg Mar 2
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      16/ But after all it is not only the tripod that adds a sacral element to this story. It’s the precious metals themselves.

      1 reply 0 retweets 1 like
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    2. Pahueg‏ @pahueg Mar 2
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      17/ Ever since silver has been considered the metal of the money, while gold has been seen as the Sun’s metal. This is also a very strong indication of their sacral character.pic.twitter.com/X4lxOU2ehb

      1 reply 0 retweets 1 like
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    3. Pahueg‏ @pahueg Mar 2
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      18/ Precious metals are regarded as sacral because they are a symbol for pureness. #Silver is anti-bacterial, while #gold neither oxidize nor bilges, so it’s is really considered the purest of all kinds, purified from secular and temporal things.pic.twitter.com/6Xa9exQRaQ

      1 reply 0 retweets 6 likes
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    4. Pahueg‏ @pahueg Mar 2
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      19/ Given that these sacral aspects have played an integral part in the evolution of money and that the sacral and spiritual elements imputed to precious metals might have been just as important as all the economic characters in the image below…pic.twitter.com/JnSlHzn6Wa

      1 reply 1 retweet 3 likes
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    5. Pahueg‏ @pahueg Mar 2
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      20/ …I truly wonder, what sort of role the sacral still plays in today’s monetization event that we are seeing with Bitcoin.

      1 reply 0 retweets 3 likes
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    6. Pahueg‏ @pahueg Mar 2
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      21/ Fewer and fewer people might identify as Christians, but spirituality and religious cravings don’t seem to have vanished much. People have metaphysical capacities built into them and are still very much seeking in terms of spiritual things.

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    7. Pahueg‏ @pahueg Mar 2
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      22/ It’s also pretty unlikely that people don’t hold anything sacred anymore. If I had to guess off the bat, I would say that things like equality, the environment as well as the state are things many people consider quite a sacred thing.

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    8. Pahueg‏ @pahueg Mar 2
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      23/ As a matter of fact many people think that #Bitcoin is not really doing well when it comes to equality, environmental protection and the state, of which it is a competitor in money terms.

      2 replies 0 retweets 6 likes
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    9. Pahueg‏ @pahueg Mar 2
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      24/ And what about #technology, isn’t it at odds with the sacral on a fundamental level since technology is all about Math, which is totally calculable other than spiritual matters? Or has #Satoshi’s mystical act of creating Bitcoin been brilliant in this very regard?

      2 replies 1 retweet 5 likes
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    10. Pahueg‏ @pahueg Mar 2
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      25/ I’d love to develop these thoughts further. What do you think: @nic__carter @NickSzabo4 @yassineARK @arjunblj @Moon__Rekt @bquittem @_ConnerBrown_ @HillebrandMax @mrauchs @real_vijay @misir_mahmudov

      7 replies 0 retweets 5 likes
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      Nick Szabo  🔑‏ @NickSzabo4 Mar 2
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      Replying to @pahueg @nic__carter and

      It's an interesting take, but the main useful observation seems to be the same as that of chartalism -- big creditors (even if what is "owed" is a moral rather than legal obligation) have a disproportionate say in what gets considered money.

      2:01 PM - 2 Mar 2019
      • 7 Likes
      • Pahueg Riding Unicorns to the Moon CharlieP Giacomo Zucco [I identify as a -e^iπ vampire] max hillebrand [⚡️₿ lex rex ₿🔑] Moon Capital 🔑 Conner Brown
      3 replies 0 retweets 7 likes
        1. New conversation
        2. Pahueg‏ @pahueg Mar 3
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          Replying to @NickSzabo4 @nic__carter and

          Because big creditors have a disproportionate say in what gets considered to be money, chartalist interpretations of money were considered rather fresh and sober by many scholars, back when George F. Knapp introduced the statist view. Even among people like Max Weber...

          1 reply 0 retweets 1 like
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        2. Nick Szabo  🔑‏ @NickSzabo4 Mar 2
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          Replying to @NickSzabo4 @pahueg and

          As for sacral properties of silver & gold, because they had the best monetary properties (including minimized chemical degradation), they became, long predating coinage, the main media of wealth transfer. Among Greeks tripods of precious metal were donated by monarchs to temples.

          1 reply 0 retweets 9 likes
        3. Nick Szabo  🔑‏ @NickSzabo4 Mar 2
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          Replying to @NickSzabo4 @pahueg and

          "Then I set apart twelve of the leading priests.. And I weighed out to them the silver & the gold & the vessels, the offering for the house of our God that the king [etc.] had offered; I weighed out into their hand six hundred fifty talents of silver..." (Ezra 8:24–27)

          1 reply 0 retweets 5 likes
        4. Nick Szabo  🔑‏ @NickSzabo4 Mar 2
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          Replying to @NickSzabo4 @pahueg and

          What we would consider secular contractual & legal obligations were also considered sacred in many ancient cultures. Unsurprising that gold & silver which were the best ways to satisfy these obligations would after centuries to millennia come to be imbued with sacred properties.

          1 reply 0 retweets 10 likes
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        6. Nick Szabo  🔑‏ @NickSzabo4 Mar 2
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          Replying to @Ragnarly @pahueg and

          No thanks!

          0 replies 0 retweets 3 likes
        7. End of conversation
        1. New conversation
        2. Turil Cronburg‏ @thewiseturtle May 26
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          Replying to @NickSzabo4 @pahueg and

          An offering is always given with the understanding that the recipient is the ultimate arbiter of judgment regarding the value of the gift. This "imbalance" is the natural selection half of entropy/evolution, and it's what continuously moves reality forward in time.

          1 reply 0 retweets 0 likes
        3. Turil Cronburg‏ @thewiseturtle May 26
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          Replying to @thewiseturtle @NickSzabo4 and

          The only thing that's causing problems with the gifts that humans sometimes try to offer, is that we're not offering them out of love, or the need to get rid of them (freeing us up to be our more unburdened selves), but out of fear. And we all know what fear leads to! 😡🤬☠️

          0 replies 0 retweets 0 likes
        4. End of conversation

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