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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 28
      • Report Tweet

      Nick Szabo  🔑 Retweeted Max Keiser, tweet poet.

      When I grew up I was taught about the miracle of compound interest. The new generation will have to be taught about the anti-miracle of compound negative interest.https://twitter.com/maxkeiser/status/1155501079758626816 …

      Nick Szabo  🔑 added,

      Max Keiser, tweet poet. @maxkeiser
      Negative interest rates are a legacy of the 2008 financial crisis. By bailing out insolvent banks and then allowing them to lever up 100x higher than before the crisis; the only recourse global central banks have now is to slow-default on trillions of debt via negative rates.
      30 replies 266 retweets 1,072 likes
      Show this thread
    2. Bitcoin BTC Alt Crypto  ⚡‏ @CRYPT0N1TE Jul 30
      • Report Tweet
      Replying to @NickSzabo4

      Or they could just do the responsible thing and cut all spending, use all tax revenue to pay down the national debt, and then raise rates to normal 4-5%. SO EASY, why the fuck don't they get it?

      1 reply 0 retweets 2 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 Jul 30
      • Report Tweet
      Replying to @CRYPT0N1TE

      Not at all easy, alas. For starters there are tends of trillions of dollars of government union and contractor funds that would be brought to bear to oppose it.

      1 reply 1 retweet 2 likes
    4. Bitcoin BTC Alt Crypto  ⚡‏ @CRYPT0N1TE Jul 30
      • Report Tweet
      Replying to @NickSzabo4

      True, but anyone with a brain would do the math before unrecoverable Zimbabwe/Venezuela situation. No one wants cuts, no one wants to cut off their gangrene toe, but in the end they DO it, because it is the best choice.

      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 Jul 30
      • Report Tweet
      Replying to @CRYPT0N1TE

      It's not one brain, it's hundreds of millions of competing selfish brains.

      2:11 PM - 30 Jul 2019
      • 1 Retweet
      • 3 Likes
      • Flightcrew 🇺🇸 Riding Unicorns to the Moon Bitcoin BTC Alt Crypto ⚡ Eric
      0 replies 1 retweet 3 likes

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