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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. Larry Salibra‏ @larrysalibra Oct 8
      • Report Tweet

      Larry Salibra Retweeted Nick Szabo  🔑

      Avoiding the costly to assay/validate flaw of monetary metals is why you want bitcoin nodes to be small and runnable by anyone. Bigger blocks increase the cost to validate and result in trusted 3rd parties.https://twitter.com/NickSzabo4/status/1144487521935429647 …

      Larry Salibra added,

      Nick Szabo  🔑 @NickSzabo4
      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.
      Show this thread
      3 replies 9 retweets 36 likes
    2. Derek van Pelt‏ @dvpme Oct 8
      • Report Tweet
      Replying to @larrysalibra @NickSzabo4

      This was nonsense 4 years ago and it is nonsense today. The problems facing most people on this planet and a need for peer to peer cash is vastly more important than other current considerations.

      1 reply 0 retweets 1 like
    3. Larry Salibra‏ @larrysalibra Oct 9
      • Report Tweet
      Replying to @dvpme @NickSzabo4

      If you can only run your node in Jeff Bezo’s data center, it’s not peer to peer! Peers need to be able to run their own nodes so that they can verify money received conforms to consensus rules.

      1 reply 0 retweets 1 like
    4. Derek van Pelt‏ @dvpme Oct 11
      • Report Tweet
      Replying to @larrysalibra @NickSzabo4

      Right, because there’s no happy medium between “able to be run by anyone” and “Amazon data center.” #strawman

      1 reply 0 retweets 0 likes
    5. Larry Salibra‏ @larrysalibra Oct 11
      • Report Tweet
      Replying to @dvpme @NickSzabo4

      The problem is that bitcoin core is already too close to the AWS side of that continuum. Not close enough to “able to be run by anyone” - ideally we’d have nodes on Apple watches and even easier to conceal devices.

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Oct 11
      • Report Tweet
      Replying to @larrysalibra @dvpme

      I'd say current Bitcoin has the balance about right, but the guy you are talking to just clearly revealed himself as an enemy of Bitcoin security and should be blocked rather than talked to as if he's a peer in knowing or caring about the future of money.

      2:32 PM - 11 Oct 2019
      • 3 Likes
      • Riding Unicorns to the Moon Brandon Bridge
      0 replies 0 retweets 3 likes

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