Nick Szabo  🔑

Every competent technologist seems harsh to every incompetent one. The smart incompetent ones stick around long enough to realize how much patience was actually shown them. And then struggle to be as generous with others. “Nice people” are easier to find among frauds.

And no, this is not a popularity contest. We do not need to attract people with our winning smile or virtue signaling about the wage gap. Marketing is irrelevant here. The tool that works the best will be adopted as global money and the rest will die.

@NickSzabo4 this is why you are left in charge. This is not marketing. It's about the evolution of humanity.

Humanity has been evolving (and very slowly) by natural selection. I hope Bitcoin can survive the onslaught and emerge as a winner and be the cockroach which survives the dinosaur banks in this story.

Will likely end up as a compliment to banks. I see real value in being an alternative to a USD peg for smaller more vulnerable nations. But maybe not enough liquidity?

Yes, I understand the "Libertarian Manifesto" Ayn Rand Propaganda. Like every other political system, there are some good proponents and some bad. Good in theory only, like most systems.

Well if you know it's propaganda you are too smart to learn anything from me :] I thought it was sound application of economic truth. And explains why #bitcoin matters and will succeed in making banks and empty headed thought leaders with concerns for the "community" obsolete.

There is no one truth for humans, in my opinion, but I do not think we have evolved enough way from our primitive beginnings, to not be social animals. Many Libertarians like @jordanbpeterson so check out what he says about Chimp hierarchies.I need to read @sapinker new book firs

I would say it probably wouldn’t result in a negative outcome. But, the point is, bitcoin shouldn’t need a welcoming community in order to succeed. It might help, though.

What is supposed to happen here? That everyone will eventually see the light and adopt? That all government backed monetary systems will collapse? I guess this is what I don't get. I understand the philosophy and it makes sense but what is the actual end goal objective(s)?

Yes, of course the system itself needs work without trust needed. I just don't get what is trying to be achieved overall? Like one day mass adoption by most people on the planet? Is this supposed to be a store of wealth? It is supposed to start a new political movement?

I think there’s a lot of differing opinion on that, right? What it is supposed to be is a decentralized, trust-minimized system. Whether that has utility and why remains to be seen.

I think I’ve learned what I think about crypto from reading Szabo’s stuff, and he simply traces a pattern—as more trust-minimized mediums of exchange and SOV emerge, they tend to displace the current medium. So bitcoin could be the next generation in that process. Or not?