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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. Plan₿‏ @100trillionUSD Jul 27
      • Report Tweet

      Central banks going full Zimbabwe! "The central message of this paper is that there are set of readily available approaches to enable DEEP NEGATIVE RATES that empowers the central bank"https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598 …

      46 replies 167 retweets 497 likes
    2. Vake  😷‏ @vakeraj Jul 27
      • Report Tweet
      Replying to @100trillionUSD

      Typical elitist economists @ruchirup and @mileskimball working hard to destroy the life savings of the general public.

      2 replies 0 retweets 45 likes
    3. This Tweet is unavailable
    4. Miles Kimball‏ @mileskimball Jul 28
      • Report Tweet
      Replying to @rvnflo @vakeraj and

      A crucial part of our proposal is specifically designed to preserve the nominal value of non-elitist wealth. We recommend the central bank use the interest-on-reserves formula to incentivize banks to provide zero (NOT NEGATIVE) rates for small checking and savings accounts.

      4 replies 1 retweet 14 likes
    5. Miles Kimball‏ @mileskimball Jul 28
      • Report Tweet
      Replying to @mileskimball @EddieD92190900 and

      It is *precisely* zero rates for the *wealthy* and for corporations that need to be disallowed. There should not be negative rates for people of modest means and there wouldn't be negative rates for people of modest means in our plan.

      5 replies 0 retweets 7 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 Aug 29
      • Report Tweet
      Replying to @mileskimball @vakeraj and

      What do you and/or your fellow proponents of deep negative interest rates plan to do about options the wealthy have have park their money in gold or cryptocurrencies?

      8 replies 4 retweets 45 likes
    7. Adam Back‏ @adam3us Aug 29
      • Report Tweet
      Replying to @NickSzabo4 @mileskimball and

      The Swiss have -ve interest rates, for different reasons (CHF was being pushed up by safe haven demand, hurting exports), but people just buy bundles of 1000chf notes and rent a deposit box. Problem solved. $40bil worth of these in circulation, in a country with population 8.4milpic.twitter.com/xCVkNPCulN

      17 replies 33 retweets 111 likes
    8. Wolf‏ @wd4555 Aug 29
      • Report Tweet
      Replying to @adam3us @NickSzabo4 and

      pic.twitter.com/NoJLG6nOvZ

      2 replies 0 retweets 6 likes
      Nick Szabo  🔑‏ @NickSzabo4 Aug 29
      • Report Tweet
      Replying to @wd4555 @adam3us and

      Not to pick nits, but in this equation if the shit started out imaginary, it was made even more imaginary, then that was undone and it just ends up ordinarily imaginary again. It never got real. Sorry about that.

      7:40 PM - 29 Aug 2019
      • 1 Retweet
      • 13 Likes
      • finrekt WTF is Bitcoin ⚡ Harv Mr. Miyagis Bastard Crazy satlady 🌮⚡️🔑☣️ Jacob Sitowski Chandra Duggirala Felonious Farnsworth
      3 replies 1 retweet 13 likes
        1. New conversation
        1. eukaryote‏ @eukaryote314 Aug 29
          • Report Tweet
          Replying to @NickSzabo4 @wd4555 and

          "Shit just got complex, but it's imaginary again now so we're all good"?

          1 reply 0 retweets 3 likes
        2. 1 more reply
        1. Felonious Farnsworth‏ @felfarns Aug 29
          • Report Tweet
          Replying to @NickSzabo4 @wd4555 and

          shit ∈ ℝ

          0 replies 0 retweets 1 like
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        1. TONNY THE TRUTH‏ @TonnyTheTruth Aug 30
          • Report Tweet
          Replying to @NickSzabo4 @finrekt and

          What are your thoughts and concerns about $XRP / #Ripple?

          0 replies 0 retweets 0 likes
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