Nick Szabo  🔑

@NickSzabo4 @jgarzik cf Karl Popper, in contract, I let my reputation die in my stead. Crypto captures, people judge.

@iang_fc @jgarzik Reputation, like IDs, are local, insecure, and expensive vs. crypto & block chain global, secure & cheap.

@NickSzabo4 @jgarzik Yep, but my rep is the only one I've got! Built up over time by many small tx. Waiting to upload into the blockchain ;)

@iang_fc Your and @NickSzabo4 's reputation come from your writing and ideas over the years, not your tiny BTC transactions! @jgarzik

@socrates1024 @NickSzabo4 @jgarzik Right! And ideas aren't worth spoofing. But contracts? How does a contract differ from a Tx?

@iang_fc @socrates1024 @jgarzik People spoof ideas often & how is Alice in Albania going to enforce her contract with Zed in Zimbabwe?

@NickSzabo4 @socrates1024 @jgarzik Alice captures her contract with crypto. She enforces with wet institutions. Working together, aligned.

@iang_fc @socrates1024 @jgarzik There is no magic world government for enforcing global wet contracts. Burden of lawsuit usually too high.

@iang_fc @jgarzik PKI's big mistake is confusing such weak wet semantics with the dry syntax actually strongly protected by the crypto..

@NickSzabo4 @jgarzik PKI far worse, it claimed wet semantics protected by crypto, but stripped the semantics completely by contract. Lies.