trust minimization
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X @Nick Szabo
Nick Szabo· 2025-11-24 23:33
RT Nick Szabo (@NickSzabo4)Bitcoin's functionality as a store of value is not improved by most of these apps, and as the legible content problem illustrates, it is often degraded by their demands for legible-sized data buckets and other demands that degrade Bitcoin's trust minimization, make its operation riskier or otherwise more costly, or prevent it from making improvements that would further minimize trust or otherwise improve its currently superior ability to store value. ...
X @Nick Szabo
Nick Szabo· 2025-11-20 08:03
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-19 05:52
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-17 03:58
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-17 03:14
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-17 02:00
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-17 01:11
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-11-16 22:21
RT Nick Szabo (@NickSzabo4)I'm writing about very real laws in very real jurisdictions in which Bitcoin miners, pools, noderunners, and wallets operate. Real laws in real jurisdictions are quite far from being "speculative boogeymen." There are, today, libraries full of an extremely wide variety of laws that apply to an extremely wide variety of arbitrary content.In all the technology examples you list, it is possible for the operators to *delete* data once they have obtained knowledge that it exists, witho ...
X @Nick Szabo
Nick Szabo· 2025-10-16 18:59
RT Nick Szabo (@NickSzabo4)@LukeDashjr Most folks have long since forgotten what the actual main point (trust minimization) of gold was. ...
X @Nick Szabo
Nick Szabo· 2025-10-07 00:57
Store of Value - Bitcoin's design is superior for the store of value use case due to its trust minimization features [1] - Few competitors have matched Bitcoin's design for store of value, focusing instead on medium of exchange and smart contracts [1] - The store of value use case is closely linked to the asset's market value [1]