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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 Jul 23
      • Report Tweet

      Nick Szabo  🔑 Retweeted Max Keiser, tweet poet.

      "Gold backed crypto" eliminates most of the trust minimization properties that come from holding directly either gold or crypto. It disempowers users from validating either.https://twitter.com/maxkeiser/status/1153464858714759169 …

      Nick Szabo  🔑 added,

      Max Keiser, tweet poet. @maxkeiser
      As the biggest Gold bug in #Bitcoin BY FAR I believe I was the first to point out back in 2013 (or sooner) that a Gold backed crypto makes no sense. It doesn’t make the crypto more valuable and it doesn’t obviate the need to verify the Gold. It’s an oxymoron.
      29 replies 124 retweets 443 likes
    2. Cesar‏ @RealBitEstate Jul 23
      • Report Tweet
      Replying to @NickSzabo4

      How about crypto backed by land?

      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 Jul 23
      • Report Tweet
      Replying to @RealBitEstate

      Also not trust-minimized.

      5:46 PM - 23 Jul 2019
      • 4 Likes
      • Gabridome your🔑🔑, your ₿₿ Triple Cake Smack JW Weatherman | mathbot.com ₿ohemian⚡️
      1 reply 0 retweets 4 likes
        1. Cesar‏ @RealBitEstate Jul 23
          • Report Tweet
          Replying to @NickSzabo4

          How about some kind of "standardize value system" or "standardizing the exchange ratios for gold, silver, land" or "exchange equivalencies" or "establishing fixed crypto values" for food, clothing, shelter, electricity, etc?

          0 replies 0 retweets 1 like
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