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Nick Szabo· 2025-11-17 00:27
RT CatoTheElder (@CatoTheElder17)@ggcripto @L0laL33tz @NickSzabo4 Simply, transferring money is an essential part of being a neutral monetary network. All knots supporters want unmoderated money transfers.But becoming a file storage system is a different issue and creates problems that are exogenous from money, a battle we don’t need to have. ...
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Nick Szabo· 2025-11-17 00:26
RT CatoTheElder (@CatoTheElder17)@ggcripto @L0laL33tz @NickSzabo4 I’m assuming that a guy named ggcrypto is not a Bitcoin maximalist, so this will be my last answer.One thing is storing small bytes for monetary uses, another completely different one is this aberration below. We don’t want or need this shit on Bitcoin ...
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Nick Szabo· 2025-11-17 00:23
RT StackSats.IO (@StackSatsIO)@anonpragmatic @NickSzabo4 Bitcoin works because its noderunners are decentralised.It won’t remain decentralised if storing the blockchain means you have to knowingly store content which is illegal in your jurisdiction.Cypherpunks didn’t simply dismiss all law entirely. ...
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Nick Szabo· 2025-11-17 00:23
Data as interpreted by investigators, lawyers, judges, and juries is extremely far from being "all [just] data." These parties will be looking at the data in question and putting it into one or more of an extremely wide variety of legal buckets according to their jurisdiction's laws and their various interpretations of how the data you are hosting fits into these laws.Your legal rights vary quite radically depending on what bucket(s) the aforesaid parties decide the various particular pieces of data you are ...
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Nick Szabo· 2025-11-16 23:45
RT Semi🌞Sol (@BetruetoitUK)@NickSzabo4 Lots of shitcoiners (masquerading as Bitcoiners) want you, the node runner, to bare all of the legal risk, while they reap all of the fiat gains of their arbitrary data dependant layer 2 bullshit, that nobody wants or needs.Tread carefully, node runner... ...
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Nick Szabo· 2025-11-16 23:44
RT Ragnarok (@Ragnarok88123)@simulx4 @NickSzabo4 2/ You can see how the monetary integrity, censorship resistance and immutability of the chain would be shattered by this fork. The 'real chain' is going to be the one with the economic power behind it, so the crappy one will win and we'd all know that one is worthless. ...
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Nick Szabo· 2025-11-16 23:43
RT Ragnarok (@Ragnarok88123)@simulx4 @NickSzabo4 Cloud storage providers are legally required to delete illegal content. If node runners are legally required to delete data uploaded on BTC? Then what happens if the major financial institutions (i.e. the ones with ETFs pumping your bags) go along with the hard fork that deletes? ...
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Nick Szabo· 2025-11-16 23:31
RT The Bitcoin Historian (@pete_rizzo_)JUST IN: LUXEMBOURG FINANCE MINISTER JUST SAID HE IS CONFIDENT OTHER COUNTRIES WILL FOLLOW THEM AND BUY #BITCOIN"AS MICHAEL SAYLOR SAYS, THERE IS NO 2nd BEST" 🔥🔥 https://t.co/nd8p9COL6F ...
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Nick Szabo· 2025-11-16 23:30
RT Matt Carr (@QCI_GP)Hard to argue against this. Something for all of us to think deeply about. ...
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Nick Szabo· 2025-11-16 23:25
RT CarlosJackal (@CarlosJackkal)@NickSzabo4 People assume that no matter what goes on bitcoin, there will be tons of people willing to run nodes. We have many nodes because there is a strong ideological motivation, a modest personal benefit, and a low personal risk/cost.Arbitrary data degrades each of those factors. ...