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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. Pierre Rochard‏ @pierre_rochard Jul 26
      • Report Tweet

      Pierre Rochard Retweeted Roy Sebag

      E-gold, it existed 1996 to 2009. It was shut down by the government. Bitcoin is the solution.https://twitter.com/roysebag/status/1154711297084272641 …

      Pierre Rochard added,

      Roy SebagVerified account @roysebag
      If the genius (and I truly mean it) engineers mesmerized by cryptocurrency spent 5 % of their time on digitizing physical gold bullion across a network of already existing insured and distributed vaults, we’d have multiple decentralized gold standards with instant settlability.
      32 replies 84 retweets 655 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 Jul 27
      • Report Tweet
      Replying to @pierre_rochard

      Too bad there aren't more geniuses in the gold business that actually understand the history of their business.

      8 replies 9 retweets 140 likes
    3. Peter  ⚒ Spina‏ @goldseek Jul 27
      • Report Tweet
      Replying to @NickSzabo4 @pierre_rochard

      Is it? What prevents your government from banning bitcoin/crypto, maybe only if held under "official" controls? I agree in the benefit of a virtual "money" that these bastards are unable to seize/control your btc easily, but they can criminalize you.. threaten you w/ violence.

      1 reply 0 retweets 0 likes
    4. Pierre Rochard‏ @pierre_rochard Jul 27
      • Report Tweet
      Replying to @goldseek @NickSzabo4

      The cost of enforcing a ban on bitcoin is several orders of magnitude greater than the cost of enforcing a ban on gold. It’s important to remember that States are economic agents with limited amounts of political and financial capital at their disposal.

      4 replies 5 retweets 27 likes
    5. Peter  ⚒ Spina‏ @goldseek Jul 27
      • Report Tweet
      Replying to @pierre_rochard @NickSzabo4

      Also a partial ban on gold as money already exists in the US (the land of the "free"). The most prominent legislation is taxing gold-money at a special "collectibles" tax rate.

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Jul 27
      • Report Tweet
      Replying to @goldseek @pierre_rochard

      In the U.S. only "official government currency" is "money", legally speaking, for the UCC and the IRS. Checks made out in gold or bitcoin aren't considered legal negotiable instruments under the UCC, and it's unlikely any bank exists that would deal in them.

      9:17 AM - 27 Jul 2019
      • 1 Retweet
      • 4 Likes
      • Riding Unicorns to the Moon Andre Maltez Pierre Rochard Peter ⚒ Spina
      1 reply 1 retweet 4 likes
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