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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. John Light‏ @lightcoin 27 Mar 2018
      • Report Tweet

      Twitter users should be rewarded for correctly reporting abuse @jack @TwitterSupport. Great use-case for micropayments.

      6 replies 3 retweets 29 likes
      Show this thread
    2. matty c‏ @mecampbellsoup 27 Mar 2018
      • Report Tweet
      Replying to @lightcoin @jack @TwitterSupport

      Don't think they need a decentralized cruptocurrency to implement it, do they? Also, no one gets excited about $0.001 as @NickSzabo4 discusses in http://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf …

      1 reply 0 retweets 3 likes
    3. John Light‏ @lightcoin 27 Mar 2018
      • Report Tweet
      Replying to @mecampbellsoup @jack and

      cryptocurrency opens the system to anyone with a wallet, and could prevent Twitter from being classified as a bank (so long as users control their keys). The micropayments would be much larger than $0.001, maybe like $0.50 or something reasonable to compensate for report time.

      2 replies 1 retweet 5 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 27 Mar 2018
      • Report Tweet
      Replying to @lightcoin @mecampbellsoup and

      If $0.50 is a micropayment then the term "micropayment" has been made meaningless and we need a new word for payments smaller than traditionally-sized payments.

      7 replies 6 retweets 39 likes
    5. █▒ Hyperbolic_Peter ⛩️‏ @pmullr 27 Mar 2018
      • Report Tweet
      Replying to @NickSzabo4 @lightcoin and

      Submicro Payments

      1 reply 0 retweets 0 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 27 Mar 2018
      • Report Tweet
      Replying to @pmullr @lightcoin and

      Adding more syllables and words is stupid. How about just use the term "micropayment" as it was used by everybody when I wrote those articles, namely to mean on the order of magnitude of 1/1000th of a dollar, i.e. a payment significantly smaller than a traditional sized payment?

      5 replies 0 retweets 6 likes
    7. matty c‏ @mecampbellsoup 27 Mar 2018
      • Report Tweet
      Replying to @NickSzabo4 @pmullr and

      Hey that's the exact amount I wrote in my first tweet! 🤗 Micropayments IMO will be useful for software talking to software, abstracted away somewhat from the humans.

      1 reply 0 retweets 1 like
      Nick Szabo  🔑‏ @NickSzabo4 27 Mar 2018
      • Report Tweet
      Replying to @mecampbellsoup @pmullr and

      Prices transmit human preferences -- there's no point in them otherwise.

      1:54 PM - 27 Mar 2018
      • 2 Likes
      • Elaine 🐤🇮🇨 That Guy Who is a Bitcoin Maximalist
      1 reply 0 retweets 2 likes
        1. matty c‏ @mecampbellsoup 27 Mar 2018
          • Report Tweet
          Replying to @NickSzabo4 @pmullr and

          It's still human preference just implemented by machine agents.

          0 replies 0 retweets 0 likes
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