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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. George Selgin‏ @GeorgeSelgin Jul 2
      • Report Tweet

      Taking a deep dive into Libra's whitepaper, @lawrencehwhite1 finds himself in murky waters: https://www.alt-m.org/2019/07/02/libras-unresolved-puzzles/ … @DiegoZuluagaL @norbertjmichel @WilliamJLuther @NickSzabo4 @jp_koning @jerrybrito @saifedean

      2 replies 16 retweets 34 likes
    2. xcsler_returns ₿‏ @xcsler Jul 2
      • Report Tweet
      Replying to @GeorgeSelgin @lawrencehwhite1 and

      Protip: If ones decentralized cryptocurrency is backed by centralized fiat currencies then it is neither decentralized nor a cryptocurrency. Protip 2: Decentralization is a means to an end. The end is censorship resistance. Libra is neither.

      2 replies 2 retweets 14 likes
    3. George Selgin‏ @GeorgeSelgin Jul 2
      • Report Tweet
      Replying to @xcsler @lawrencehwhite1 and

      "Censorship resistance" is what some seek. Others may merely seek to make payments conveniently. I don't know whether Libra will serve either end well; but that some want chocolate ice cream is no reason for them to condemn a plan that caters to those who prefer vanilla.

      4 replies 0 retweets 2 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 Jul 2
      • Report Tweet
      Replying to @GeorgeSelgin @xcsler and

      Censorship resistance is not merely just another consumer preference. In today's political climate it is very probably a necessary condition for the survival of any private digital currency.

      4 replies 22 retweets 72 likes
    5. George Selgin‏ @GeorgeSelgin Jul 2
      • Report Tweet
      Replying to @NickSzabo4 @xcsler and

      I should think this would be so only if censorship avoidance is indeed a particularly widespread, if not universal, consumer preference.

      2 replies 0 retweets 1 like
    6. Nick Szabo  🔑‏ @NickSzabo4 Jul 2
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      Replying to @GeorgeSelgin @xcsler and

      Political reality doesn't care about consumer preferences.

      2 replies 0 retweets 11 likes
    7. George Selgin‏ @GeorgeSelgin Jul 2
      • Report Tweet
      Replying to @NickSzabo4 @xcsler and

      But unless consumers favor a digital currency, governments need never bother to try and destroy it.

      1 reply 0 retweets 0 likes
      Nick Szabo  🔑‏ @NickSzabo4 Jul 2
      • Report Tweet
      Replying to @GeorgeSelgin @xcsler and

      Financial censorship has a way of creating some very strong such preferences.

      4:36 PM - 2 Jul 2019
      • 4 Likes
      • Riding Unicorns to the Moon Sean Erle Johnson disordered_thomist ⚡
      0 replies 0 retweets 4 likes

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