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Nick Szabo· 2025-11-17 05:49
RT Based Jessica (@BasedJess05)Detroit used to be an amazing city with one of the strongest economies, massive number of manufacturing jobs, strong middle classPeople have no idea how quickly they can lose it all by a few bad decisions. https://t.co/xUmjlMlsK5 ...
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Nick Szabo· 2025-11-17 05:48
RT Douglass Mackey (@DougMackeyCase)Tucker campaigned with Trump.Trump gave Vance the VP job.Both refuse to disavow Tucker.Tucker is friends with Trump Jr., who I hear is Trump’s son (big if true).So I guess that makes all of them Nazi-adjacent?Nazi! Nazi! Nazi! ...
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Nick Szabo· 2025-11-17 05:44
RT Douglass Mackey (@DougMackeyCase)They’re now demanding allies bow down to their theology ...
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Nick Szabo· 2025-11-17 05:42
RT lnkldt (@lnkldt)@NickSzabo4 @War4theWest Even worse: Imagine your son remigrates and enrolls into Hungarian military that surely will go to war against the USA. Would you want him killing many Americans or him be killed instead?No easy choices for recent immigrants. Which is why they should not be trusted. ...
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Nick Szabo· 2025-11-17 05:41
RT Nick Szabo (@NickSzabo4)If Tucker's son is guilty because his father is guilty, and his father is guilty because he talked to the dreaded F-man,isn't Trump guilty because he praised Tucker, who talked to F-guy? For that matter, because he talked to the ever-looming F-dude directly?I talked to a Catholic priest in Chicago once, and the ominous F-man is a Catholic from Chicago, so I'm guilty too.Everybody must get canceled! ...
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Nick Szabo· 2025-11-17 05:23
RT Nick Szabo (@NickSzabo4)@ActThinkRepeat @BradCLemley @nntaleb It goes back to Hayek, or at least it's what I concluded decades ago after reading Hayek and reading about the Hutterian Brethren (who can make a religious form of micro-socialism work up to a bit more than 100 people who've lived with each other most or all of their lives). ...
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Nick Szabo· 2025-11-17 05:22
RT Brad Lemley (@BradCLemley)Communism mistakes what works in a family for what will work in a nation. Naval Ravikant: “With my family, I’m a communist. With close friends, a socialist. At the state level of politics, a Democrat. At higher levels, a Republican. And at the federal level, I’m a Libertarian.” ...
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Nick Szabo· 2025-11-17 05:17
RT BlockchainTekUS (@BlockchainTekUS)He is not wrong. The attack surface has increased.The real question is:What is the likelihood and impact of an adversary exploiting the weakness? ...
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Nick Szabo· 2025-11-17 05:15
RT Nick Szabo (@NickSzabo4)Anarcho-capitalism is a wonderfully abstract ideal that can inspire innovation. It helped inspire me to help invent cryptocurrency.But real-world cryptocurrencies are not trustless -- they are trust-minimized. Each cryptocurrency has a legal attack surface, representing the kinds of ways governments and/or private entities can practically use law to disrupt their operations. The layer 1 of a good trust-minimized cryptocurrency like Bitcoin can withstand much more interference than ...
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Nick Szabo· 2025-11-17 05:01
Financial Liabilities - The US borrowed and spent over $8 trillion, which is now worth $0 [1] - This resulted in a $400 billion annual Veteran's Affairs bill that grows approximately 2x tax receipts [1] Analogy - The situation is analogous to a company borrowing $8 trillion to buy an asset that becomes worthless [1] - The company is then left with a $400 billion/year asbestos liability that grows 5-10% annually [1]