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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. Ryan Shea‏ @ryaneshea 1 Aug 2017
      • Report Tweet

      While trusted oracles unlock great possibilities for blockchains/smart contracts they also introduce massive failure modes. Tread carefully.

      2 replies 7 retweets 30 likes
    2. ʰ‏ @haseebinc 1 Aug 2017
      • Report Tweet
      Replying to @ryaneshea

      @NickSzabo4 thoughts? I read this with "trusted 3rd parties are security holes" in mind.

      2 replies 1 retweet 4 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2017
      • Report Tweet
      Replying to @haseebinc @ryaneshea

      For things like market prices best data sources are still the traditional ones, which have traditional solutions to the trust problems.

      1 reply 1 retweet 6 likes
    4. Ryan Shea‏ @ryaneshea 1 Aug 2017
      • Report Tweet
      Replying to @NickSzabo4 @haseebinc

      That's true but I'd still be quite concerned about data feeds from traditional sources. Endpoints could be hacked & disrupt the whole system

      1 reply 0 retweets 1 like
    5. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2017
      • Report Tweet
      Replying to @ryaneshea @haseebinc

      Good traditional services have very long histories you can look at to see what kinds of threats actually do or do not materialize.

      3 replies 1 retweet 9 likes
    6. Lamar Wilson‏ @bigmarh 1 Aug 2017
      • Report Tweet
      Replying to @NickSzabo4 @ryaneshea @haseebinc

      Traditional services (Ie sports, news, weather sources) didn't have as much riding on them being accurate the first time. Threats will inc+

      1 reply 0 retweets 1 like
    7. Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2017
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      Replying to @bigmarh @ryaneshea @haseebinc

      They often have billions of dollars riding on them every day. Humans didn't arrive on this planet just yesterday.

      2 replies 2 retweets 4 likes
    8. Lamar Wilson‏ @bigmarh 1 Aug 2017
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      Replying to @NickSzabo4 @ryaneshea @haseebinc

      Just so you know, humans may not have arrived yesterday, but they still make mistakes..... http://www.espn.com/espn/corrections … ... SMH

      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 1 Aug 2017
      • Report Tweet
      Replying to @bigmarh @ryaneshea @haseebinc

      None of those are sports score errors. It happens, but for important scores with good feeds it's rare enough to be manageable.

      2:40 PM - 1 Aug 2017
      • 1 Retweet
      • 3 Likes
      • ʰ Ryan Shea Lamar Wilson Cryptowire {BTC Class of 2013}
      0 replies 1 retweet 3 likes

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