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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. Christian Lundkvist‏ @ChrisLundkvist 15 Feb 2018
      • Report Tweet

      Christian Lundkvist Retweeted Yoichi Hirai

      Only now getting up to speed on the suggestion of creating a formal ERP (Ethereum Recovery Proposal) procedure for recovering ETH lost to mistakes, bugs etc. IMO going down this path would be very dangerous. Yoichi resigned as an EIP editor because of the legal uncertainty.https://twitter.com/pirapira/status/963950687288733697 …

      Christian Lundkvist added,

      Yoichi Hirai @pirapira
      I resign from the post of an EIP editor. I've removed my write permission. https://github.com/ethereum/EIPs/pull/867#issuecomment-365800936 …
      3 replies 11 retweets 44 likes
    2. Andrew Miller  🦓 🦓 🦓‏ @socrates1024 15 Feb 2018
      • Report Tweet
      Replying to @ChrisLundkvist @iang_fc

      I think this fear is misplaced. You should not be afraid to participate in public decentralized self-governance for fear that some legal jurisdiction will claim authority over the whole thing. Just my opinion

      5 replies 6 retweets 27 likes
    3. Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @socrates1024 @ChrisLundkvist @iang_fc

      When software engineers are called upon to make legal and accounting decisions, their fears of legal action are quite well placed.

      1 reply 15 retweets 67 likes
    4. Tigran Shahnazaryan‏ @tigranca 15 Feb 2018
      • Report Tweet
      Replying to @NickSzabo4 @socrates1024 and

      Nick, what would have been the best practical solution to the recent EIP issue?

      2 replies 1 retweet 1 like
    5. Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @tigranca @socrates1024 and

      Community norms should forbid expanding the scope of software upgrades to include making particular legal and accounting decisions to modify balances. It's an abuse of the software upgrade process, an invitation for lawyers to take over, and destructive of social scalability.

      4 replies 52 retweets 181 likes
    6. Andrew Miller  🦓 🦓 🦓‏ @socrates1024 15 Feb 2018
      • Report Tweet
      Replying to @NickSzabo4 @tigranca and

      What's different about creating new software with legal/accounting policies contained within them in the first place (like issuance schedules, etc) vs making changes?

      2 replies 0 retweets 3 likes
    7. Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @socrates1024 @tigranca and

      Political analogies in this field seriously suck, but one comes to mind anyway: the difference between special legislation (fixing a particular case which should properly dealt with by courts) vs. general legislation.

      1 reply 3 retweets 18 likes
    8. Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @NickSzabo4 @socrates1024 and

      ERP is an amateur court that lacks the most basic procedural protections one learns in the first year of law school: notice to affected parties, criteria for quality of evidence, etc.

      1 reply 11 retweets 43 likes
    9. Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @NickSzabo4 @socrates1024 and

      ERP has no reliable or secure way to verify the supposedly required "real" names, nor to map them to social media nyms, nor to securely map these to the impacted Ethereum addresses. For this and many other reasons it would be a ripe target for fraudulent claims.

      1 reply 7 retweets 39 likes
    10. Andrew Miller  🦓 🦓 🦓‏ @socrates1024 15 Feb 2018
      • Report Tweet
      Replying to @NickSzabo4 @tigranca and

      These are good points. I hope we strive to build worthy self-governance, learning from courts. To summarize, a) stick to general policies rather than specific meddling, b) "status quo" is a prudent default, c) beyond that requires better process?

      1 reply 0 retweets 7 likes
      Nick Szabo  🔑‏ @NickSzabo4 15 Feb 2018
      • Report Tweet
      Replying to @socrates1024 @tigranca and

      Stick to general dry code: that is what software engineers know how to do. Don't mess with particular balances: that is a job lawyers and accountants know how to do, to the extent anyone does.

      2:34 PM - 15 Feb 2018
      • 7 Retweets
      • 49 Likes
      • Cal Abel Blockchain Engineer FH Steve Bearbour ⛏ Buzz Lightyear Simon Belak Tigran Shahnazaryan Le Mouton Noir MAX_
      0 replies 7 retweets 49 likes

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