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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 29 Mar 2018
      • Report Tweet

      For government bonds to be "risk-free", an investor would have to be a perfect fiscal prophet, for example an unerring predictor of who is going to win the next war. These bonds, among those of many other governments large and small, lost essentially all their value.pic.twitter.com/KoLSbs5Awd

      32 replies 186 retweets 569 likes
    2. Iron Feliks‏ @NUMISMATICS9 30 Mar 2018
      • Report Tweet
      Replying to @NickSzabo4

      This is a pure Strawman, no one claims all govies are risk free, 192 states, many of which have bonds no one would use as a benchmark, UST are de facto risk free because the debt is denominated in a reserve currency, which the US controls, it can never be coerced to default

      2 replies 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Aug 26
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      Replying to @NUMISMATICS9

      Reserve currency status can change, and indeed these days there are prominent central bankers in the U.S.'s closest allies trying to change it.

      10:26 AM - 26 Aug 2019
      • 4 Likes
      • Barko Hussein Barner ⚡️ Willco-Von Heisenvul Riding Unicorns to the Moon Flightcrew 🇺🇸
      1 reply 0 retweets 4 likes
        1. Iron Feliks‏ @NUMISMATICS9 Aug 26
          • Report Tweet
          Replying to @NickSzabo4

          Assuming it does happen, it'll take decades, even Euro & Yen are piss-ant compared to USD in everything from payments to debt denomination. There's no asset on Earth with the simultaneous Yield, Safety, & Liquidity of UST. Especially Liquidity, not even Bunds & JGBs come close

          0 replies 0 retweets 2 likes
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