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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. Anthem Hayek Blanchard‏ @anthemhayek Aug 28
      • Report Tweet

      $BTC Maximalists: What is your favorite argument for why all other public #blockchain protocols other than #Bitcoin are useless? #Crypto Maximalists: What is your favorite argument for why all public blockchain protocols including Bitcoin are valuable? Asking for a friend.

      9 replies 7 retweets 18 likes
    2. Ben Prentice‏ @mrcoolbp Aug 29
      • Report Tweet
      Replying to @anthemhayek

      Money is simply the most liquid (saleable) good. Bitcoin is saleable due to its decentralization (resistance to govt control), monetary policy and in general fundamentals reputation. It's also first mover and has by far the best network effects, development, hashrate, etc.

      3 replies 0 retweets 8 likes
    3. Anthem Hayek Blanchard‏ @anthemhayek Aug 29
      • Report Tweet
      Replying to @mrcoolbp

      Money is violent currency. Satoshis are an example of peaceful currency. ♥️☀️☮️

      1 reply 0 retweets 1 like
    4. Ben Prentice‏ @mrcoolbp Aug 30
      • Report Tweet
      Replying to @anthemhayek

      Govt fiat money requires monopoly privilege to exist with such poor store of value characteristics (inflation). Arguably money emerges on a free market, not by force, so I don't consider govt fiat to be a true money. Only reason we have many different (bad) monies is force.

      1 reply 0 retweets 1 like
    5. Anthem Hayek Blanchard‏ @anthemhayek Aug 30
      • Report Tweet
      Replying to @mrcoolbp

      Money is a creation of governments/forced marketplaces. Hence money is violent. I prefer a future of ‘currencies’ accessing voluntary marketplaces referred to sometimes as public blockchain protocols.

      1 reply 0 retweets 1 like
    6. Ben Prentice‏ @mrcoolbp Aug 30
      • Report Tweet
      Replying to @anthemhayek

      This is patently false. Money is an emergent phenomenon that existed long before govts. The paradigm of govt money has distorted our collective understanding of monetary phenomena. I recommend @NickSzabo4 Shelling Out as a primer on monetary history: https://nakamotoinstitute.org/shelling-out/ 

      2 replies 0 retweets 1 like
    7. Ben Prentice‏ @mrcoolbp Aug 30
      • Report Tweet
      Replying to @mrcoolbp @anthemhayek @NickSzabo4

      Menger is another good source

      1 reply 0 retweets 1 like
    8. Anthem Hayek Blanchard‏ @anthemhayek Aug 30
      • Report Tweet
      Replying to @mrcoolbp @NickSzabo4

      I am patent-ly aware of Menger being trapped in forced marketplace constructs. Hence his disbelief in barter, which is literally what satoshis and the secondary marketplace for satoshis & other public protocol software access tokens represent—barter.

      2 replies 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 Aug 30
      • Report Tweet
      Replying to @anthemhayek @mrcoolbp

      So if you go mine some gold and stamp it into coins without the blessings of a government, the use of those coins is just barter?

      7:57 PM - 30 Aug 2019
      • 6 Likes
      • Riding Unicorns to the Moon Futjrnaut [🗝🧙🏼‍♂️⚡💰] Jason Brett Amagi Metals, Inc Anthem Hayek Blanchard Ben Prentice
      1 reply 0 retweets 6 likes
        1. New conversation
        1. Anthem Hayek Blanchard‏ @anthemhayek Aug 30
          • Report Tweet
          Replying to @NickSzabo4 @mrcoolbp

          No, that would be money. Coins can only be created by government mints. Patent-ly true.

          3 replies 1 retweet 2 likes
        2. Anthem Hayek Blanchard‏ @anthemhayek Aug 30
          • Report Tweet
          Replying to @anthemhayek @NickSzabo4 @mrcoolbp

          The reality is recorded [corrupted] history only includes forced marketplace constructs from the past ~6,000 years...in ~200,000 years of homosapien records. There only remain cuneiform tablets and similar in terms of barter records being dominant. Everything is cyclical.

          0 replies 0 retweets 1 like
          3. End of conversation

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