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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. Bruce Fenton‏ @brucefenton Jul 2
      • Report Tweet

      Breaking: Members of the Congressional House Committee on Financial Services, Chaired by Rep Maxine Waters have asked Zuckerberg & Facebook to: “immediately agree to a moratorium on any movement forward on Libra” The letter references exchange hacks and Cambridge Analyticapic.twitter.com/3INx0yz5Pg

      45 replies 231 retweets 434 likes
      Show this thread
    2. AdmiralCeres‏ @TonyXyz1 Jul 2
      • Report Tweet
      Replying to @brucefenton @NickSzabo4

      Not a fan of Facebook but less a fan of bullies. Facebook should threaten to move out of the USA and to Zug. See how long the govt keeps their pressure up if they for that.

      2 replies 1 retweet 3 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 Jul 2
      • Report Tweet
      Replying to @TonyXyz1 @brucefenton

      Hahaha no. Their operations are predominantly in the U.S., you don't just move thousands of employees to another country.

      1 reply 0 retweets 16 likes
    4. Elaine  🐤 🇮🇨‏Verified account @eiaine Jul 4
      • Report Tweet
      Replying to @NickSzabo4 @TonyXyz1 @brucefenton

      No. Facebook (the tech & platform) is owned by an Irish subsidiary. The parent company, Facebook Intl Ltd, is incorporated in Dublin. The only thing that makes it American is the fact that it's listed on Nasdaq. https://www.solocheck.ie/Irish-Company/Facebook-International-Operations-Limited-514293 …

      3 replies 15 retweets 65 likes
    5. Elaine  🐤 🇮🇨‏Verified account @eiaine Jul 4
      • Report Tweet
      Replying to @eiaine @NickSzabo4 and

      oh... and it has an office in Menlo Park, where 75% of employees are immigrants and over 15% are H1B workers. moving to Zug is not as hard as you think.

      2 replies 1 retweet 24 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 Jul 4
      • Report Tweet
      Replying to @eiaine @TonyXyz1 @brucefenton

      Nevertheless, it would be an extreme business disruption to try to move or replace all of these large U.S.-based teams, who will probably generate over $60b revenue this year. There's no chance they would do so to try to save a far smaller & far more speculative currency project.

      2 replies 0 retweets 25 likes
    7. Elaine  🐤 🇮🇨‏Verified account @eiaine Jul 4
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      Replying to @NickSzabo4 @TonyXyz1 @brucefenton

      of course not, it's far easier & cheaper to pay lobbyists a few $million to persuade the elected officials. but the idea that FB can't leave is nonsense. IBM used to be an "American" company, now it has more employees in India than the US.

      2 replies 1 retweet 17 likes
    8. Nick Szabo  🔑‏ @NickSzabo4 Jul 4
      • Report Tweet
      Replying to @eiaine @TonyXyz1 @brucefenton

      When it comes to money and finance, Wall Street is far better at the lobbying game than Facebook could ever hope to be. That's why Congress reacted to the Libra announcement in such a very quick and very negative way.

      5 replies 20 retweets 103 likes
      Nick Szabo  🔑‏ @NickSzabo4 Jul 4
      • Report Tweet
      Replying to @NickSzabo4 @eiaine and

      As for IBM, its offshoring evolved over many decades, they didn't just move everything one year to save some project of theirs from U.S. government influence.

      11:00 PM - 4 Jul 2019
      • 10 Likes
      • CCS Riding Unicorns to the Moon Silentmax juliosalas Matthew J. Cantieri WorldCoiner P.Miller OrangeCoinMemes Satosh Satoshi
      3 replies 0 retweets 10 likes
        1. New conversation
        2. Elaine  🐤 🇮🇨‏Verified account @eiaine Jul 5
          • Report Tweet
          Replying to @NickSzabo4 @TonyXyz1 @brucefenton

          they don't have to pack up everything at once. Just set up a new office and let the old one slowly lose relevance. that's what AMZN did when Seattle tried to impose add'l taxes to help the homeless -- AMZN announced a new HQ search and halted construction in seattle

          1 reply 0 retweets 5 likes
        3. Elaine  🐤 🇮🇨‏Verified account @eiaine Jul 5
          • Report Tweet
          Replying to @eiaine @NickSzabo4 and

          (seattle city council eventually repealed the new tax to bribe amzn to stay)

          0 replies 0 retweets 3 likes
        4. End of conversation
        1. Joh‏ @Joh07241195 Jul 4
          • Report Tweet
          Replying to @NickSzabo4 @eiaine and

          Small dev world city dependant on big car co factory. 20 y ago: illegal strike, 20%workers fired. Gov interferes .Told to fo, "we can move whole production within 6 months to another accommodating country,move top brass,spare capacity everywhere,planned for these scenarios"

          0 replies 0 retweets 0 likes
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        2. Warhammer 401k‏ @relicn0cer Jul 4
          • Report Tweet
          Replying to @NickSzabo4 @eiaine and

          Even if Facebook left tomorrow, they would be very foolish to defy the hegemon. To do something like that, you’d need to be indifferent to advertising revenue. And you’d need anonymity and encryption. (Jus’ sayin’.)

          1 reply 0 retweets 0 likes
        3. Warhammer 401k‏ @relicn0cer Jul 4
          • Report Tweet
          Replying to @relicn0cer @NickSzabo4 and

          In any event, Zuck’s already a paranoiac building his office plan around state-level threats and probably living like Howard Hughes. He’s not going against the USG.

          0 replies 0 retweets 0 likes
        4. End of conversation

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