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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. Collins Belton‏ @collins_belton Oct 11
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      So, as many predicted, looks like #Libra is all but DOA unless @davidmarcus and FB pull off a minor miracle. I’m going to say something that will probably get me shunned by some - I think this should upset a lot of people. Not because the result isn’t great for crypto (it is)...

      8 replies 27 retweets 129 likes
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    2. Collins Belton‏ @collins_belton Oct 11
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      but because the manner in which governments achieved this. I’ve been struggling to articulate just why I got this sinking feeling seeing this play out, but weirdly, seeing other “shadow” gov action curtailing innovation globally more recently has helped crystallize things for me.

      1 reply 0 retweets 36 likes
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    3. Collins Belton‏ @collins_belton Oct 11
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      That is, rather than using the formal mechanisms of democratic authority instilled in them, many have instead refused to articulate legal grounds (of which, I think there are many, like antitrust) to stop this, and have instead pulled from the mafioso playbook.

      1 reply 3 retweets 34 likes
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    4. Collins Belton‏ @collins_belton Oct 11
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      We don’t need to be sympathetic for Visa, MC and certainly not FB, but this is just the flip side of the “shadow legislation” in many ways that frustrates so many people inside and outside of crypto. Here, the only difference is, everyone hates FB.

      1 reply 0 retweets 32 likes
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    5. Collins Belton‏ @collins_belton Oct 11
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      But, for many govs to essentially say, “it would be a shame if Visa and Stripe found themselves under our boot for challenging our monopoly on money” and for us to cheer is a huge mistake. The tenets that underpin democracy require an even handed application of the law.

      4 replies 2 retweets 59 likes
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      Nick Szabo  🔑‏ @NickSzabo4 Oct 11
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      Replying to @collins_belton

      Great observations. I'm not cheering, but without some schadenfreude it's depressing to see leaping lemmings, abysmally unaware of all the prior lemmings that crashed & burned at the same deadly cliffs. Observe from a safe distance.

      5:16 PM - 11 Oct 2019
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      • Riding Unicorns to the Moon ☠l̶̫͚̍̃͊́͐e̷̛̊́x̸-̴́̿n̷̛̜̣̥͛̋͛̓ǒ̶̾̿̒͂̈́̍d̸͛̔̀̽ë̵́☠
      0 replies 0 retweets 3 likes

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