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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. Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
      • Report Tweet
      Replying to @NickSzabo4

      6/ Uber: search (riders to drivers), negotiation (pricing algo), performance (route maps). AirBnB: search (matching houses & travelers).

      1 reply 15 retweets 58 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
      • Report Tweet
      Replying to @NickSzabo4

      7/ Yelp + ratings on aforementioned sites: post-performance review & incentivization + buyers search for next sellers.

      1 reply 12 retweets 44 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
      • Report Tweet
      Replying to @NickSzabo4

      8/ In total, trillions of $ of value have been created by using internet to improve the way people make and perform deals with each other.

      7 replies 37 retweets 147 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
      • Report Tweet
      Replying to @NickSzabo4

      9/ Smart contracts: intentionally apply tech to enable more kinds of deals between more far-flung & differently lawed & cultured people

      6 replies 65 retweets 247 likes
    5. The Hutch Report‏ @tradingbandit 26 Jun 2017
      • Report Tweet
      Replying to @NickSzabo4

      Will the legal community allow smart contracts on someone else's terms? https://www.thehutchreport.com/blog-post/2017/6/20/blockchain-smart-contracts-what-happens-if-they-are-not-honored …

      1 reply 1 retweet 9 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
      • Report Tweet
      Replying to @tradingbandit

      pic.twitter.com/BGLaExYIDW

      1 reply 4 retweets 19 likes
    7. Aaron Wright‏ @awrigh01 26 Jun 2017
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      Replying to @NickSzabo4 @tradingbandit

      If a court has jurisdiction over the parties—at least in the US—a court will exercise authority and analyze the “deal.” /1

      3 replies 0 retweets 2 likes
    8. Aaron Wright‏ @awrigh01 26 Jun 2017
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      Replying to @awrigh01 @NickSzabo4 @tradingbandit

      Basic contracting principles would apply, along with relevant federal and state e-signature statutes /2

      1 reply 0 retweets 0 likes
    9. Aaron Wright‏ @awrigh01 26 Jun 2017
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      Replying to @awrigh01 @NickSzabo4 @tradingbandit

      If the parties don’t know one another--or can’t be identified—the limitation is enforceability, just like an international transaction.

      1 reply 0 retweets 0 likes
    10. Aaron Wright‏ @awrigh01 26 Jun 2017
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      Replying to @awrigh01 @NickSzabo4 @tradingbandit

      smart contracts don’t operate in a legal vacuum

      2 replies 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 26 Jun 2017
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      Replying to @awrigh01 @tradingbandit

      Smart contracts control the burden of lawsuit. (Like a repo man, or like common law courts altered the burden of lawsuit in equity courts).

      2:13 PM - 26 Jun 2017
      • 2 Retweets
      • 3 Likes
      • Wulf Kaal Matthew Elias 🚀🔑 Michael Z Cryptowire {BTC Class of 2013}
      1 reply 2 retweets 3 likes
        1. New conversation
        1. Aaron Wright‏ @awrigh01 29 Jun 2017
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          Replying to @NickSzabo4 @tradingbandit

          Agree to a large degree, but I would describe slightly differently. Burden is set by local contract law.

          1 reply 0 retweets 0 likes
        2. Aaron Wright‏ @awrigh01 29 Jun 2017
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          Replying to @awrigh01 @NickSzabo4 @tradingbandit

          Smart contracts—as you noted long ago—can increase the cost of termination/breach.

          1 reply 0 retweets 0 likes
        3. Aaron Wright‏ @awrigh01 29 Jun 2017
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          Replying to @awrigh01 @NickSzabo4 @tradingbandit

          If cost of termination/breach are high, it changes the defaults parties operate from.

          0 replies 0 retweets 0 likes
          4. End of conversation

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