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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 3 May 2018
      • Report Tweet

      Nick Szabo  🔑 Retweeted Mr.Hodl 🌕 🍿

      Gold has severe flaws. Physical locality makes it less secure and far more transactionally local, and thus more vulnerable to politics and less sound, than we can now achieve with Bitcoin, with good key management and taking advantage of its trust-minimized global settlement.https://twitter.com/MrHodl/status/991676293052813312 …

      Nick Szabo  🔑 added,

      Mr.Hodl 🌕 🍿 @MrHodl
      Get inside the mind of a BCasher. "My view is the world was not in need of another sound base money when Bitcoin came along. Nor is that the main innovation Bitcoin brings to the table.The world has had sound base money for thousands of years... gold coins, silver bars, etc." https://twitter.com/ChrisPacia/status/991450241219092480 …
      58 replies 408 retweets 1,303 likes
      Show this thread
    2. Nick Szabo  🔑‏ @NickSzabo4 3 May 2018
      • Report Tweet

      Aztecs took gold tribute from their subject tribes. Spanish conquistadors looted the Aztecs. Sir Francis Drake looted Spanish galleons. Seizing gold vaults was a universal war objective. Many politicians have controlled monetary systems by controlling gold. Now we can do better.pic.twitter.com/pg33pZLJCK

      33 replies 244 retweets 880 likes
      Show this thread
    3. Nick Szabo  🔑‏ @NickSzabo4 Jun 27
      • Report Tweet

      Probably the biggest flaw with the monetary metals (gold, sil er, and copper) is that they are costly to assay/validate. This led making people vulnerable to (i.e. requiring them to trust) centralized entities such as coin minters and bank note issuers, said trust often abused.

      44 replies 230 retweets 1,014 likes
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    4. Nick Szabo  🔑‏ @NickSzabo4 Jun 29
      • Report Tweet

      Some of the same craft skills & tech that gave us the industrial revolution also made it much easier to counterfeit coins. As fake coins spread, use of bank notes grew. Here's a fake silver dollar made in Birmingham via a technique invented in Sheffield. https://www.coincommunity.com/articles/swamperbob_8_reales_birmingham_counterfeit.asp …pic.twitter.com/Qbx7heTq2p

      15 replies 49 retweets 291 likes
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    5. Louis Liu‏ @louishliu Oct 8
      • Report Tweet
      Replying to @NickSzabo4

      Louis Liu Retweeted Louis Liu

      https://twitter.com/louishliu/status/1178043012078813184?s=21 …

      Louis Liu added,

      Louis Liu @louishliu
      One Dollar Sivler Certificate by Victor Dubreuil is painted in 19 century when counterfeiting of legal tender was a problem. At least two of his paintings were confiscated by the Secret Service in 1890s This era reminds me a lot what is going on today Bitcoin fixs this pic.twitter.com/me0Zjp8qc6
      Show this thread
      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 Oct 8
      • Report Tweet
      Replying to @louishliu

      Still harder to counterfeit and pass, and easier for retailers to detect counterfeits, than for coins.

      11:23 AM - 8 Oct 2019
      • 1 Like
      • Riding Unicorns to the Moon
      0 replies 0 retweets 1 like

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