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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. Roy Sebag‏Verified account @roysebag 21 Mar 2017
      • Report Tweet

      I just published “The Natural Order of Money and Why Abstract Currencies Fail”https://medium.com/p/the-natural-order-of-money-and-why-abstract-currencies-fail-aad5f9f8cf89 …

      25 replies 87 retweets 202 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 2 Apr 2017
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      This stuff didn't begin & won't end with metals. Bit gold came from asking what gold, shells, etc. have in common https://unenumerated.blogspot.com/2017/02/conflict-and-collectibles-among-yurok_87.html …

      2 replies 1 retweet 8 likes
    3. Roy Sebag‏Verified account @roysebag 2 Apr 2017
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      Replying to @NickSzabo4 @NIRPUmbrella @Medium

      It's difficult argument. I personally don't believe that carbon dating is an effective technique for dating. I've seen too many revisions.

      1 reply 0 retweets 1 like
    4. Saifedean Ammous‏ @saifedean 2 Apr 2017
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      Replying to @roysebag @NickSzabo4 and

      Salt (salary), cattle (pecuniary), shells& BTC all played monetary role depending on tech available. Key is Menger's salability & stock/flow

      4 replies 0 retweets 1 like
    5. Roy Sebag‏Verified account @roysebag 3 Apr 2017
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      Replying to @saifedean @NickSzabo4 and

      Written history onwards. We see failed attempts at non precious metal moneys as stores of value. JMO - much respect to you both of course.

      2 replies 0 retweets 0 likes
    6. Saifedean Ammous‏ @saifedean 3 Apr 2017
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      Replying to @roysebag @NickSzabo4 and

      I agree but think failure was because anything but gold has to rely on trust in someone to prevent inflation. Bitcoin 1st tech that doesn't

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 3 Apr 2017
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      Replying to @saifedean @roysebag and

      Shells did not have to rely upon trust substantially more than gold did. (They were more vulnerable to the Columbian inflations tho).

      2:40 PM - 3 Apr 2017
      • 4 Likes
      • ~ Miles Suter Saifedean Ammous
      1 reply 0 retweets 4 likes
        1. Saifedean Ammous‏ @saifedean 3 Apr 2017
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          Replying to @NickSzabo4 @roysebag and

          IMV it would always be the least unreliable technology for having a high stock/flow at any time & place. That's Bitcoin, soon.

          0 replies 0 retweets 1 like
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