trust minimization
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X @Nick Szabo
Nick Szabo· 2026-01-29 05:14
RT Nick Szabo (@NickSzabo4)Yes, gold has thousands of years of being looted, and hundreds of years, including the present, of sitting in vaults, its trust minimization properties relegated to ancient history. Because it's far more expensive than Bitcoin to validate. You are another example of the vast majority who have little clue how this stuff works, or why it's valuable, and that vast majority of ignorance is why the Bitcoin learning curve has plenty of upside left to ride. ...
X @Nick Szabo
Nick Szabo· 2026-01-28 03:27
RT Nick Szabo (@NickSzabo4)Yes, gold has thousands of years of being looted, and hundreds of years, including the present, of sitting in vaults, its trust minimization properties relegated to ancient history. Because it's far more expensive than Bitcoin to validate. You are another example of the vast majority who have little clue how this stuff works, or why it's valuable, and that vast majority of ignorance is why the Bitcoin learning curve has plenty of upside left to ride. ...
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 ...