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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. Saifedean Ammous‏ @saifedean Aug 1
      • Report Tweet

      Bitcoin's monetary policy: perfect predictability. Your government's shitcoin's monetary policy: a soap opera of tea-leaf parsing, clairvoyance & emotional soul-searching. I wonder which of these two technologies will survive the 21st century? 🤔pic.twitter.com/xiOVvD8cbb

      12 replies 139 retweets 480 likes
      Show this thread
    2. Jeff Lonsdale‏ @JeffLonsdale Aug 1
      • Report Tweet
      Replying to @saifedean @NickSzabo4

      Perfect predictability except for the politics that drive forks, each of which is a fight that has a chance of doubling the effective crypto supply.

      1 reply 0 retweets 1 like
    3. rochash‏ @rochash2 Aug 1
      • Report Tweet
      Replying to @JeffLonsdale @saifedean @NickSzabo4

      You could double Amazon/Ebay tomorrow. Easy clone scripts. Same for Uber, Eats, etc. Why doesn't it effectively halve, double, or do anything to those companies? Same for btc. Twitter/Instagram/Facebook/Pinterest 100's clones.

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Aug 1
      • Report Tweet
      Replying to @rochash2 @JeffLonsdale @saifedean

      That doesn't copy the people communicating or doing business with each other via these networks.

      2:41 PM - 1 Aug 2019
      • 7 Likes
      • Eric Hay ⚡ Linear Trav Vittorio Iosue Riding Unicorns to the Moon Saifedean Ammous rochash
      1 reply 0 retweets 7 likes
        1. New conversation
        2. rochash‏ @rochash2 Aug 1
          • Report Tweet
          Replying to @NickSzabo4 @JeffLonsdale @saifedean

          Exactly, nor the talent, trust, secondary stakeholders building into the systems, equipment, capital expenditures 'network value'. It's tiring hearing this same trope of forking/airdropped/cloned value.

          1 reply 0 retweets 3 likes
        3. Jeff Lonsdale‏ @JeffLonsdale Aug 1
          • Report Tweet
          Replying to @rochash2 @NickSzabo4 @saifedean

          So is the contention that forks and shitcoins were never attracting some capital/systems/developers that might have otherwise significantly driven up the value of bitcoin or other functional networks?

          1 reply 0 retweets 0 likes
        4. rochash‏ @rochash2 Aug 2
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          Replying to @JeffLonsdale @NickSzabo4 @saifedean

          Of course they attract attention. Just like the Pinterest/eBay clones. But a similar network isn't enough! POW makes this process of promising "the same but better' nearly impossible. Broken 'governance' & slow 2change = FEATURE.

          1 reply 0 retweets 0 likes
        5. rochash‏ @rochash2 Aug 2
          • Report Tweet
          Replying to @rochash2 @JeffLonsdale and

          IMHO they attract the type of attention and developers that NEED to be in those testnets. I heard developers as a business. Core attracts and keeps some of the best multidisiplined devs I've seen! The air is thin at this level. The most unstable and greedy(?) tend to fork off.

          1 reply 0 retweets 0 likes
        6. rochash‏ @rochash2 Aug 2
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          Replying to @rochash2 @JeffLonsdale and

          *herd

          1 reply 0 retweets 0 likes
        7. rochash‏ @rochash2 Aug 2
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          Replying to @rochash2 @JeffLonsdale and

          I DO recognize some projects are doing different and great things for the entire ecosystem. These are very few.

          0 replies 0 retweets 0 likes
        8. End of conversation

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