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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. John Paul Koning‏ @jp_koning Aug 24
      • Report Tweet

      36-hours of bitcoin. Bad store of value, fantastic gambling machine. Gamblers look for action, and bitcoin--like a casino--has faithfully provided it 24/7 for over ten years, no down time. 🔥pic.twitter.com/ed6H8j1Gfb

      92 replies 43 retweets 160 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 Aug 24
      • Report Tweet
      Replying to @jp_koning

      Not everybody looking for a good store of value has short-term risk aversion, and some of us even understand the idea of price discovery.

      15 replies 30 retweets 404 likes
    3. John Paul Koning‏ @jp_koning Aug 25
      • Report Tweet
      Replying to @NickSzabo4

      I'll grant that for a small group of people, bitcoin fits into their low-risk store-of-value bucket... but for most people it is simply too unpredictable. It's because of that danger that it gets slotted into people's 'play money' bucket along with lottery tickets.

      10 replies 0 retweets 11 likes
    4. Jorj  ⚡ McKie‏ @Jorj_X_McKie Aug 25
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      Replying to @jp_koning @NickSzabo4

      That 10 yr chart shows clearly that Bitcoin is not the "Lottery" because with Bitcoin you *win*. In our current environment, losers mostly are a) impatient people, and b) those listening to the willfully ignorant, scammers, or fiat fat cats (Cantillon Effect).

      1 reply 0 retweets 3 likes
      Nick Szabo  🔑‏ @NickSzabo4 Aug 25
      • Report Tweet
      Replying to @Jorj_X_McKie @jp_koning

      Indeed. The long-term chart reflects the superior deep safety, global seamlessness, and monetary soundness of Bitcoin.

      8:51 AM - 25 Aug 2019
      • 16 Likes
      • Josh Zimmer LoneWolf Ben Prentice Patrick Patrick Maddock Reminding you to buy Bitcoin ⚡️ Vittorio Iosue Jorj ⚡ McKie Paul Krugwoman
      1 reply 0 retweets 16 likes
        1. New conversation
        2. Construction Rates  ⏰Daily ₿ 🔑 🚪 ⚡‏ @ConstructnRates Aug 25
          • Report Tweet
          Replying to @NickSzabo4 @Jorj_X_McKie @jp_koning

          A Lottery is a zero sum game unless you are lucky enough to be one in (whatever the ridiculous odds are for the said Lottery) Most Governments use Lottery as a stealth tax. Bitcoin is none of those, neither is it play money. Just needed saying to be honest, which BTC is also..

          1 reply 0 retweets 2 likes
        3. Jorj  ⚡ McKie‏ @Jorj_X_McKie Aug 25
          • Report Tweet
          Replying to @ConstructnRates @NickSzabo4 @jp_koning

          Comments from people like jp make you wonder who they are rooting for? Bitcoin is a novel ground-up new invention and it delivers censorship resistant hard money that is designed for a networked civilization... and they nitpick at it? WTF?

          1 reply 0 retweets 4 likes
        4. Construction Rates  ⏰Daily ₿ 🔑 🚪 ⚡‏ @ConstructnRates Aug 26
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          Replying to @Jorj_X_McKie @NickSzabo4 @jp_koning

          Agreed ground-up, I believe it's more fundamental. As miners compete they move closer towards nearly free energy from, solar, wind, wave, percipitation etc. These all come from the Sun in 8 mins 20 secs. All other SoV took millions of years to do this (save for batteries).

          0 replies 0 retweets 0 likes
        5. End of conversation

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