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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.  ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠‏ @lex_node Sep 12
      • Report Tweet

       ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠ Retweeted Anthony Sassano

      Forget about whether ICOs are illegal. The more fundamental problem with them is they create absolutely terrible incentives and will likely continually drive the best talent to start new networks rather than working on existing ones.https://twitter.com/sassal0x/status/1172206010615783425 …

       ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠ added,

      Anthony Sassano @sassal0x
      One of the key drivers for Dapper Labs to build this new blockchain was because Ethereum 2.0 "breaks composability". But creating your own chain, giving up all of the network effects of Ethereum and losing the goodwill of most of the community is somehow the better deal? 🤔 https://twitter.com/withflow_/status/1172149818996809733 …
      Show this thread
      3 replies 1 retweet 22 likes
    2. Vlad Zamfir‏ @VladZamfir Sep 12
      • Report Tweet
      Replying to @lex_node

      Imo the decentralized fixed supply crypto lobby is largely to blame for the huge difference in Sharpe ratios between earlier and later contributors

      1 reply 0 retweets 3 likes
    3.  ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́ ☠‏ @lex_node Sep 12
      • Report Tweet
      Replying to @VladZamfir

      I actually agree w/ this. I've never really been sold on the "hard money" thesis for blockchain and I can see some ways it limits things on some chains. I think BTC is the chain that embodies that philosophy and other chains should experiment with other models.

      2 replies 0 retweets 2 likes
    4. Vlad Zamfir‏ @VladZamfir Sep 12
      • Report Tweet
      Replying to @lex_node

      In the alt coin scene, fixed supply or basically-fixed supply is still considered to be an important indication that a coin is not a scam 🤷‍♂️

      2 replies 1 retweet 2 likes
    5. Vlad Zamfir‏ @VladZamfir Sep 12
      • Report Tweet
      Replying to @VladZamfir @lex_node

      Basically, it has a powerful psychological effect of creating scarcity bc "limited supplies!", and it rewards early token holders like crazy (at the expense of everyone else, imo)

      1 reply 0 retweets 3 likes
    6. Vlad Zamfir‏ @VladZamfir Sep 12
      • Report Tweet
      Replying to @VladZamfir @lex_node

      And of course suggesting that we do more issuance always brings our governance demons home

      2 replies 0 retweets 3 likes
      Nick Szabo  🔑‏ @NickSzabo4 Sep 12
      • Report Tweet
      Replying to @lex_node @VladZamfir

      Take me off this idiotic thread now or you will be blocked.

      4:10 PM - 12 Sep 2019
      • 1 Like
      • Riding Unicorns to the Moon
      1 reply 0 retweets 1 like
        1. New conversation
        1. Chris Blec‏ @ChrisBlec Sep 12
          • Report Tweet
          Replying to @NickSzabo4 @lex_node @VladZamfir

          Pls don't block me cuz I really appreciate you but can't you just click "Mute this conversation" on the tweet?

          2 replies 0 retweets 0 likes
        2. Nick Szabo  🔑‏ @NickSzabo4 Sep 12
          • Report Tweet
          Replying to @ChrisBlec @lex_node @VladZamfir

          Mute is very unreliable, and discussing this issue with Zamfir is idiotic. It's like discussing advanced mathematics with a kindergartner.

          0 replies 0 retweets 4 likes
          3. End of conversation

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