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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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    Nick Szabo  🔑‏ @NickSzabo4 Sep 15
    • Report Tweet

    The useful part the DAO idea is the trust-minimized smart treasury. Money pools & cash flows with a wide variety of possible dry-code rules. *Not* any sort of straightforward substitute for an organization.

    8:32 AM - 15 Sep 2019
    • 65 Retweets
    • 331 Likes
    • Pahueg Plebbagged⚡ 🔨Robert Breedlove RAW MATERIAL CL synaptic_storage Ben Kaufman Tommy Cox Sebastian
    28 replies 65 retweets 331 likes
      1. New conversation
      2. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet

        On-chain pools bring additional trust-minimization properties to cash distributions above doing a bunch of simple 1-to-1 payments. For example prevents payor from discriminating between payees: once sufficient funds are in the pool everybody gets their cash flow.

        6 replies 11 retweets 66 likes
        Show this thread
      3. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet

        This is probably a more important idea than non-cryptocurrency tokens themselves, which merely represent a hoped-for, fully trust-based cash flow or provision of service. But the valuable idea here is not utopian "organizations" -- it is trust-minimized pools and cash flows.

        4 replies 7 retweets 73 likes
        Show this thread
      4. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet

        Yet another thread about trust-minimized code derailed by a hoard of governance zombies. 😡😡😡 New policy thru Halloween: if you so much as mention the word "governance" on my timeline, you will be blocked. Judging by recent traffic it will be a copious zombie slaughter fest.pic.twitter.com/lgNFnJoLUr

        9 replies 11 retweets 96 likes
        Show this thread
      5. End of conversation
      1. New conversation
      2. Fabio Bossi‏ @Fabio_Bossi Sep 15
        • Report Tweet
        Replying to @NickSzabo4

        #Dash has a fully-functioning DAO, complete with decentralized voting, issuance, and a legal entity owned by the network to interface with the legacy system.https://blog.dash.org/announcing-the-dash-dao-irrevocable-trust-election-results-bfe134c113b0 …

        2 replies 2 retweets 10 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet
        Replying to @Fabio_Bossi

        Off topic. Blocked.

        2 replies 1 retweet 52 likes
      4. kodaxx‏ @kodaxxdev Sep 15
        • Report Tweet
        Replying to @NickSzabo4 @Fabio_Bossi

        Lol

        0 replies 0 retweets 7 likes
      5. End of conversation
      1. New conversation
      2. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet
        Replying to @ameensol @MolochDAO

        Off topic, please delete.

        0 replies 0 retweets 0 likes
      3. End of conversation
      1. New conversation
      2. Ragnar Lifthrasir  🏴  🏛️‏ @Ragnarly Sep 15
        • Report Tweet
        Replying to @NickSzabo4

        Some of the *ideas* in Ethereum have real merit. Now if someone could figure out how to execute them. Perhaps layer 2 Bitcoin.

        5 replies 0 retweets 21 likes
      3. Kalle Alm‏ @kallewoof Sep 16
        • Report Tweet
        Replying to @Ragnarly @NickSzabo4

        Which ideas? I have a hard time finding them.

        2 replies 0 retweets 3 likes
      4. Ameen Soleimani  👹‏ @ameensol Sep 16
        • Report Tweet
        Replying to @kallewoof @Ragnarly

        Do you mostly follow Bitcoiners? That might have something to do with it... For decent knowledge bundles check out https://weekinethereumnews.com  by @evan_van_ness and https://bankless.substack.com  by @RyanSAdams!

        3 replies 3 retweets 28 likes
      5. Ragnar Lifthrasir  🏴  🏛️‏ @Ragnarly Sep 16
        • Report Tweet
        Replying to @ameensol @kallewoof and

        Before people listen to any ideas I suggest they try to sync a full Ethereum node at home. If a user can't do that, there's no purpose in using the blockchain. The idea won't work because the user can't validate transactions himself. Infura is a 3rd party.

        3 replies 0 retweets 2 likes
      6. Ryan Sean Adams‏ @RyanSAdams Sep 16
        • Report Tweet
        Replying to @Ragnarly @ameensol and

        Everyone can It’s not hard

        2 replies 0 retweets 6 likes
      7. Ragnar Lifthrasir  🏴  🏛️‏ @Ragnarly Sep 16
        • Report Tweet
        Replying to @RyanSAdams @ameensol and

        Ragnar Lifthrasir  🏴  🏛️ Retweeted Eric Wall IS RIGHT

        That's so painfully dishonest that I'm not even going to debate it, other than let people judge for themselves: https://twitter.com/ercwl/status/1159940020331040770 … If you have any mental gymnastics to explain it away, please direct them to @udiWertheimer, who seems to have the energy to deal with it.

        Ragnar Lifthrasir  🏴  🏛️ added,

        Eric Wall IS RIGHT @ercwl
        Going to try the supposedly impossible today, syncing an Ethereum full node from scratch. (Yes, I'm downloading and storing every block and computing and validating each and every state transition from genesis) https://twitter.com/ercwl/status/1159938069472194561 …
        Show this thread
        2 replies 0 retweets 1 like
      8. Alex Gausman  🦄 ⚡️‏ @alexgausman Sep 16
        • Report Tweet
        Replying to @Ragnarly @RyanSAdams and

        Alex Gausman  🦄 ⚡️ Retweeted Eric Wall IS RIGHT

        You should really scroll down a little further in that thread you linked too 😉https://twitter.com/ercwl/status/1172191061172727809?s=21 …

        Alex Gausman  🦄 ⚡️ added,

        Eric Wall IS RIGHT @ercwl
        Ethereum Syncing Diary - Day 25 This was a triumph ... Blocks synced: 8,536,062/8,536,062 I'm making a note here: HUGE SUCCESS ... Blockchain size: 195 GB It's hard to overstate-- ... # blocks synced last 24h: 59k (9 days worth) --my satisfaction pic.twitter.com/As1jHa0fVb
        Show this thread
        1 reply 0 retweets 1 like
      9. Ragnar Lifthrasir  🏴  🏛️‏ @Ragnarly Sep 16
        • Report Tweet
        Replying to @alexgausman @RyanSAdams and

        Bitcoin's 10 year old blockchain can be synced in 24 hours. Ethereum's 4 year old blockchain might be able to be synced in 25 days. 🤣

        1 reply 0 retweets 1 like
      10. 1 more reply
      1. New conversation
      2. Samuel JJ Gosling‏ @xGozzy Sep 15
        • Report Tweet
        Replying to @NickSzabo4

        Samuel JJ Gosling Retweeted Samuel JJ Gosling

        Sir Szabo, what's your take on capital based governance? Do you think it's really a viable solution towards quantifying governing power, I myself think it's phase 0.https://twitter.com/xGozzy/status/1173134215648546816 …

        Samuel JJ Gosling added,

        Samuel JJ Gosling @xGozzy
        Within the next month, I'll be a launching a side project related to a new model for on-chain #governance. The approaches I have seen taken towards #DAO's have many flaws. Capital based governance is literally a juxtaposition of what #sovereignty tries to achieve.
        Show this thread
        1 reply 0 retweets 0 likes
      3. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet
        Replying to @xGozzy

        Stay on topic when replying to my tweets or you will be blocked.

        1 reply 0 retweets 12 likes
      4. Samuel JJ Gosling‏ @xGozzy Sep 15
        • Report Tweet
        Replying to @NickSzabo4

        This is related to DAO's so I don't see the problem, regardless I'm speaking in relation to staking ETH in order to quantifying governing power. Trying to engage in a healthy but constructive debate, I hope you are having a wonderful day sir.

        1 reply 0 retweets 0 likes
      5. Nick Szabo  🔑‏ @NickSzabo4 Sep 15
        • Report Tweet
        Replying to @xGozzy

        The topic is trust-minimized pools and cash flows, which you've mentioned nothing of. Blocked.

        2 replies 1 retweet 13 likes
      6. 4 more replies

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