Nick Szabo on Bitcoin

a photo of crypto expert reviewer Nick Szabo

Nick Szabo is a computer scientists and cryptographer. In 1998, Szabo proposed a decentralized digital currency called "Bit Gold." He also came up with the concept of "smart contracts", programmatic contracts that can be executed by code.

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Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

Finance and payments

Bitcoin reviews by Nick Szabo

πŸ”‘ 2 positive | πŸ’© 0 negative

2018

  • πŸ”‘

    What is needed is actually secure independence of money from politics, which the Bitcoin protocol does much better than any other prior monetary system.

    Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

    2018-11-11 | Full Review

2017

  • πŸ”‘

    The secret to Bitcoin’s success is that its prolific resource consumption and poor computational scalability is buying something even more valuable: social scalability.

    Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

    2017-02-09 | Full Review

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πŸ’©

Ethereum has the best ideas in blockchain tech. Execution, not so much.

Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

2014-08-01 | Full Review

πŸ’©

Ripple is far from trust-minimized. As a result, it has high governance costs, including the disputes described here, and poor social scalability.

Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

2018-02-06 | Full Review

πŸ’©

In EOS, a few complete strangers can freeze what users thought was their money. Under the EOS protocol, you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole.

Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

2018-06-19 | Full Review

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πŸ”‘

I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

πŸ”‘

If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.

2014-01-21 | Full Review

πŸ”‘

Bitcoin takes powers from the central actors and returns it to merchants and consumers, savers and borrowers. Bitcoin brings back some pseudonymity in the transactions, and can be irrevocably traded like cash. And finally, it points a way towards a single currency – it is a bug, not a feature, that we have multiple global currencies with exchangers and transaction fees in between.

2013-11-07 | Full Review

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