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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. Bob McElrath‏ @BobMcElrath Aug 9
      • Report Tweet

      Unpopular Opinion: Bitcoin is simple. I could have written it, but I didn't because I was looking in the wrong place. A lot of people could have written it, and source material was public (cryptography mailing list). The author of bitcoin is just like the rest of us. Not a genius

      221 replies 36 retweets 368 likes
    2. Raj  😷‏ @RajarshiMaitra Aug 9
      • Report Tweet
      Replying to @BobMcElrath

      I would argue it takes a considerable thought power to glue them all together to finally come up with Bitcoin. It's extraordinarily simple in retrospect. But getting almost everything at place in the very begining is a different thing.

      3 replies 0 retweets 87 likes
    3. serum  ⚡️ rothenbuehler‏ @serumroth Aug 9
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      Replying to @RajarshiMaitra @BobMcElrath

      Agree. Weren't there other brilliant people working on the same exact problem for several years (even decades?) before Satoshi came up with bitcoin? Like @adam3us and @NickSzabo4 ? OT seems like a troll-tweet....

      3 replies 1 retweet 33 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 Aug 9
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      Replying to @serumroth @RajarshiMaitra and

      There is tons of bizarre fantasy in the OT, but one of the things wrong with it is that a non-official & decentralized currency was politically & economically a very fringe idea. All economists of all stripes, including Austrian, who heard the idea either ignored or rejected it.

      4 replies 24 retweets 154 likes
    5. Nick Szabo  🔑‏ @NickSzabo4 Aug 9
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      Replying to @NickSzabo4 @serumroth and

      It also required advanced computer science that flew in the face of traditional proofs that said essentially that trust-minimizing a decentralized application was impossible. The vast majority of laypeople and even some computer scientists rejected these ideas on such grounds.

      3 replies 13 retweets 148 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 Aug 9
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      Replying to @NickSzabo4 @serumroth and

      The intersection of people who knew the proofs applied only to absolute, not astronomically probable, consensus & people who believed in very unusual economic & political ideas was minutely small. We were on the internet when it was far smaller than today & could find each other.

      8 replies 8 retweets 138 likes
    7. Tony Swish‏ @TonySakich Aug 23
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      Replying to @NickSzabo4 @serumroth and

      I wonder when and if another similar era of like-minded folks finding each other would or could happen again. The amount of noise and political posturing makes me think it won't happen for a while, if ever again.

      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 Aug 23
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      Replying to @TonySakich @serumroth and

      There is quite a bit more haystack to go through to search for the needles, alas.

      9:17 PM - 23 Aug 2019
      • 2 Likes
      • Flightcrew 🇺🇸 Tony Swish
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Tony Swish‏ @TonySakich Aug 23
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          Replying to @NickSzabo4 @serumroth and

          Not to mention the level of expertise needed to access communities in that era automatically brought people together who shared technical ability & curiosity to make it happen. I've learned far more studying old USENET posts & mailing lists than anything on modern social media.

          1 reply 0 retweets 0 likes
        3. serum  ⚡️ rothenbuehler‏ @serumroth Aug 24
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          Replying to @TonySakich @NickSzabo4 and

          sincere question: do you guys think bitcoin is still "untamed" -- i.e. hasn't been co-opted / brought under the mighty thumb? I've been putting my faith in the "no hard fork" principle. But why has there not been a lot more state resistance?

          2 replies 0 retweets 1 like
        4. Nick Szabo  🔑‏ @NickSzabo4 Aug 24
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          Replying to @serumroth @TonySakich and

          Yes it is still untamed, because they have many more easier targets to go after (Libra, for example).

          1 reply 0 retweets 5 likes
        5. serum  ⚡️ rothenbuehler‏ @serumroth Aug 24
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          Replying to @NickSzabo4 @TonySakich and

          hmm. Libra seems cut from the legacy cloth to begin with. [centralized, supported by legacy institutions, tame] Are 'they' really treating it as a threat? Just for show, maybe.

          0 replies 0 retweets 0 likes
        6. End of conversation

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