Nick Szabo 🔑 on Twitter: ""A reliably stable coin that has the most important security characteristics of Bitcoin doesn't exist ... it may well be that it can't be done. So they sooner or later succumb to politics (Libra, it seems, sooner rather than later)." https://t.co/IaV3lJMQiL… https://t.co/oBlvlvbJyb"

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1. David Zimbeck‏ @dzimbeck Aug 24
  
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  Replying to @NickSzabo4
  
  BitBay has a dynamic supply because satoshis are in an array instead of a single integer. Thus making a variable liquidity system of liquid/reserve coins that change in ratio by force. No hyper-inflation, no backing, no short/long/credit. Users keep custody of reserve coins too.
  
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1. Matt‏ @trader_snow Aug 24
  
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  Replying to @NickSzabo4
  
  Security characteristics... meaning decentralization or POW backed immutability? Because there is a coin in existence that has both decentralization and dynamic supply qualities... (and not erc20)
  
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1. Allen Farrington‏ @allenf32 Aug 23
  
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  Replying to @NickSzabo4
  
  friendly reminder that Libra is the world's most ingeniously evil hedge fund. hardly surprising people don't want to be associated with it.https://medium.com/swlh/money-banking-bitcoin-libra-191183d5e825 …
  
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1. cheaprentalyeti‏ @cheaprentalyeti Aug 23
  
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  Replying to @NickSzabo4
  
  In other news, Facebook just banned The Epoch Times from advertising on their platform.
  
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1. Patrick [ Freedom Is Scary ]‏ @BitcoinMotorist Aug 23
  
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  Replying to @NickSzabo4
  
  Perhaps they should have read the Bitcoin whitepaper first before emarking on this clown show
  
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1. Bruce Steedman‏ @thesteedster Aug 23
  
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  Replying to @NickSzabo4
  
  Bitcoin was designed to empower billions. Libra is designed to enslave them.
  
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1. Aaron Ng @ LA‏ @aaronykng Aug 24
  
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  Replying to @NickSzabo4
  
  cryptocurrency that needs permission to exist loses most of the benefits of being a cryptocurrency at all
  
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1. delamesa2018‏ @delamesa2018 Aug 24
  
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  Replying to @NickSzabo4
  
  Seems Bitcoin will stay the way it is envisioned. No other one until the world of politics unite and it that will never happen.
  
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1. Mooping‏ @Thatbmwktm Aug 23
  
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  Replying to @NickSzabo4
  
  Shocking how quickly they are folding
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1. Iamtutut‏ @tututpouet Aug 23
  
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  Replying to @NickSzabo4
  
  Any thought on @HavenXHV or @EquilibriaCC ? Both are mint and burn stablecoin projects.
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1. Andrei C.‏ @Player_1one Aug 23
  
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  Replying to @NickSzabo4
  
  Do you believe the governments have enough developers left to hire to work on their virtual reserve currency? Or is the majority of the grey matter in bitcoin & co?
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1. de-cen-tra-liz-ed‏ @greg_not_so Aug 23
  
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  Replying to @NickSzabo4
  
  what took them so long?
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1. mike wasyl‏ @mike_wasyl Aug 23
  
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  Replying to @NickSzabo4
  
  There is no such thing as a reliably stable instrument anyway- A stable coin is better understood as the assurance of worth assigned to some product of collateralization... or whatever. :)
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1. Sewsew Geih‏ @Rocstar59657442 Aug 24
  
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  Replying to @NickSzabo4
  
  It’s the uncensorability that’s so fascinating. The massive distribution of risk of seizure (for the well designed). For the first time technology has outpaced sci-fi writers (or has it? Was there any fiction on this before now?)
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1. Advocatus Diaboli‏ @Diaboli_Advocat Aug 23
  
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  Replying to @NickSzabo4 @ATabarrok
  
  DAI?
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1. Inspectah Rekt‏ @ZeroSomeGame Aug 24
  
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  Replying to @NickSzabo4
  
  I’d be interested in hearing your thoughts on @reserveprotocol They are aiming to be a truly decentralised stable coin. This is not a shill, I genuinely interested in your thoughts https://reserve.org/whitepaper.pdf
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