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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. Adam Back‏ @adam3us 1 Aug 2014
      • Report Tweet
      Replying to @NickSzabo4

      @NickSzabo4 ethereum have any new useful ideas? seemed more kitchen-sink coin from current ideas. execution = script or development record?

      1 reply 2 retweets 3 likes
    2. Adam Back‏ @adam3us 1 Aug 2014
      • Report Tweet
      Replying to @adam3us

      @NickSzabo4 either way more constructive: enhance bitcoin direct or via sidechain, than start yet-another-alt-coin. 2 today? viacoin/stellar

      2 replies 2 retweets 3 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2014
      • Report Tweet
      Replying to @adam3us

      @adam3us What is the ETA on a peer-reviewed 2-way peg? On a working implementation?

      1 reply 1 retweet 1 like
    4. Peter Todd‏ @peterktodd 1 Aug 2014
      • Report Tweet
      Replying to @NickSzabo4

      @NickSzabo4 @adam3us The peer review is that the concept is insecure and encourages mining centralisation. ((merge)-mined version)

      1 reply 3 retweets 2 likes
    5. Andrew Miller  🦓 🦓 🦓‏ @socrates1024 1 Aug 2014
      • Report Tweet
      Replying to @peterktodd

      @petertoddbtc @NickSzabo4 And the non merged-mined version?

      1 reply 0 retweets 0 likes
    6. Peter Todd‏ @peterktodd 1 Aug 2014
      • Report Tweet
      Replying to @socrates1024

      @socrates1024 @NickSzabo4 Perfectly good idea, I proposed a version of it myself last year. Can be done with multisig right now.

      2 replies 0 retweets 0 likes
    7. Numisight‏ @Numisight 1 Aug 2014
      • Report Tweet
      Replying to @peterktodd

      @petertoddbtc @socrates1024 @NickSzabo4 with an OP_RETURN the side chain can also checkpoint its chain as an anti fork measure.

      1 reply 0 retweets 1 like
    8. Peter Todd‏ @peterktodd 1 Aug 2014
      • Report Tweet
      Replying to @Numisight

      @Numisight @socrates1024 @NickSzabo4 That doesn't actually work - an attacker can do that too to make the checkpoints useless.

      2 replies 0 retweets 1 like
    9. Numisight‏ @Numisight 1 Aug 2014
      • Report Tweet
      Replying to @peterktodd

      @petertoddbtc @socrates1024 @NickSzabo4 for a 100% public side chain, if only a few trusted addresses can checkpoint that reduces the attack

      1 reply 0 retweets 0 likes
    10. Peter Todd‏ @peterktodd 1 Aug 2014
      • Report Tweet
      Replying to @Numisight

      @Numisight @socrates1024 @NickSzabo4 Right, that's using proof of publication to hold the trusted third parties honest. Very different idea.

      3 replies 1 retweet 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2014
      • Report Tweet
      Replying to @peterktodd

      @petertoddbtc @Numisight @socrates1024 "Public does something" => TTPs follow political rules != honestly following protocol rules.

      5:27 PM - 1 Aug 2014
      • 1 Like
      • Gabriel D Vine 🧞‍♂️✨
      1 reply 0 retweets 1 like
        1. New conversation
        1. Peter Todd‏ @peterktodd 1 Aug 2014
          • Report Tweet
          Replying to @NickSzabo4

          @NickSzabo4 @Numisight @socrates1024 The something can be leaving. Also, can enforce financial loss on fraud w/ fidelity bonds.

          1 reply 1 retweet 2 likes
        2. Numisight‏ @Numisight 1 Aug 2014
          • Report Tweet
          Replying to @peterktodd

          @petertoddbtc @NickSzabo4 @socrates1024 Fidelity bonds on who? At that point it leaves autonomous territory and enters national laws.

          1 reply 0 retweets 0 likes
        3. Peter Todd‏ @peterktodd 1 Aug 2014
          • Report Tweet
          Replying to @Numisight

          @Numisight @NickSzabo4 @socrates1024 A fidelity bond is a crypto enforced bond, not legally enforced. Anonymous parties can be held to them.

          1 reply 4 retweets 1 like
        4. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2014
          • Report Tweet
          Replying to @peterktodd

          @petertoddbtc @Numisight @socrates1024 Crypto fidelity bonds interesting. Link to math?

          3 replies 1 retweet 1 like
        5. Peter Todd‏ @peterktodd 1 Aug 2014
          • Report Tweet
          Replying to @NickSzabo4

          @NickSzabo4 @Numisight @socrates1024 Fidelity bonded banking writeup: http://bit.ly/1pwsZI9 

          1 reply 1 retweet 1 like
        6. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2014
          • Report Tweet
          Replying to @peterktodd

          @petertoddbtc Thanks!

          1 reply 0 retweets 1 like
        7. Peter Todd‏ @peterktodd 1 Aug 2014
          • Report Tweet
          Replying to @NickSzabo4

          @NickSzabo4 Hmm, linking bitcointalk seems broken. Just google "fidelity bonded banking Bitcoin" and go to the bitcointalk hit.

          1 reply 1 retweet 1 like
        8. 1 more reply

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