X @Nick Szabo

RT 941 (@level941)Nick Szabo. In his 2017 essay “Money, Blockchains, and Social Scalability,” he argues that the most successful systems don’t scale by adding features or rules but by removing the need for trust, permission, and interpersonal negotiation.“Social scalability is the ability of an institution, such as a language, a money, or a blockchain, to overcome shortcomings in human minds and institutions that limit who or how many can successfully participate.” -@NickSzabo4Gold and fiat systems require ...