Nick Szabo on Ethereum

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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Ethereum is a Turing-Complete cryptocurrency that serves as a platform for programmable smart contracts.

Decentralized computer

Ethereum reviews by Nick Szabo

๐Ÿ”‘ 0 positive | ๐Ÿ’ฉ 2 negative

2018

  • ๐Ÿ’ฉ

    Computational scalability and a governance model that violates immutability are both huge problems for Ethereum. That and the finance/crypto culture gap are why Turing-complete smart contracts have not yet gained traction.

    Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

    2018-08-18 | Full Review

2014

  • ๐Ÿ’ฉ

    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

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๐Ÿ’ฉ

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

๐Ÿ’ฉ

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

๐Ÿ”‘

The secret to Bitcoinโ€™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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๐Ÿ”‘

The best venture investment of the last three years wasn't a venture deal. Ethereum โ€” 750x, liquid, and open to all.

2017-06-02 | Full Review

๐Ÿ”‘

I have often said that Ethereum is doing it right throughout the DAO fork, and Bitcoin devs, with their fetishistic dependence on "the longest chain," their inability to change ancient code, and their obvious conflicts of interest, are on weak ground.

2017-12-18 | Full Review

๐Ÿ”‘

Every 10-15 years, thereโ€™s a major new transition. . . . To me, Ethereum is the most important technology of the decade, for sure. I donโ€™t even think itโ€™s going to be questionable.

2018-04-19 | Full Review

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