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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 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.

      28 replies 65 retweets 331 likes
      Show this thread
    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
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      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

      3:37 PM - 15 Sep 2019
      • 11 Retweets
      • 96 Likes
      • Neovictorian midnight Parallax Optics Hugo Nguyen kamerun kultur verein e,v Bitcoin_Proponent Bitcoin Boardwalk sanjay patel Thεο "bonded courier"
      9 replies 11 retweets 96 likes
        1. Phil Champagne‏ @egg_descrambler Sep 15
          • Report Tweet
          Replying to @NickSzabo4

          Can you (or if you did already can you share) an article on what you see as the problem, issues etc with "govern..." (so I avoid the block :-) .

          0 replies 1 retweet 1 like
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        2. ₿rian ⚡️Lockhart‏ @BrianLockhart Sep 15
          • Report Tweet
          Replying to @NickSzabo4

          Back on topic - at the risk of summoning a sea of shills - is there a current GOOD example of such a DAO pool system? Closest thing I’ve seen is what Bisq is doing to pay their contributors for work to support the platform. (Seems refreshingly legit / nonscammy, but 🤷‍♀️)

          2 replies 0 retweets 4 likes
        3. 1 more reply
        1. Kevin McKernan‏ @Kevin_McKernan Sep 16
          • Report Tweet
          Replying to @NickSzabo4

          This work was funded by a DAO. https://osf.io/7d968/  It led to this recent publication on Terpene Synthase genes in cannabis. https://journals.plos.org/plosone/article/comments?id=10.1371/journal.pone.0222363 …

          0 replies 0 retweets 2 likes
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        1. ZeroPass‏ @zeropassio Sep 15
          • Report Tweet
          Replying to @NickSzabo4

          call it gubernance to dodge the filter

          0 replies 0 retweets 1 like
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        1. Tom‏ @RunningLow Sep 15
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          Replying to @NickSzabo4

          Lol 😂 Influence still alright?

          0 replies 0 retweets 0 likes
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        1. Official Cryptos‏ @OfficialCryptos Sep 15
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          Replying to @NickSzabo4

          https://cryptobriefing.com/bitcoin-block-limits-sizing-up-the-debate/?amp&__twitter_impression=true … You can find it a dirty word but it solves problems like this. This debate will continue to happen years from now with lots and lots more money on the line, how would investors feel when there are billions involved and fork wars are happening around it?

          0 replies 0 retweets 0 likes
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        1. cheaprentalyeti‏ @cheaprentalyeti Sep 16
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          Replying to @NickSzabo4

          I was hoping we'd be able to point at them and laugh, but oh well.

          0 replies 0 retweets 0 likes
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        1. Cesar‏ @RealBitEstate Sep 17
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          Replying to @NickSzabo4

          What's going on?

          0 replies 0 retweets 0 likes
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        1. Diamond Open Market‏ @OpenDiamond Sep 30
          • Report Tweet
          Replying to @NickSzabo4

          Decentralisation and transparency are the most useful blockchain benefits which help to improve any field. For example, my team and I are developing Diamond Open Market–a trading platform to buy or sell diamonds all over the world.

          0 replies 0 retweets 0 likes
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