Here are a few practical points I’ve put together about Nick Szabo.
In 1998, Nick Szabo designed a decentralized digital currency scheme called “bit gold,” but it was never actually implemented. “Smart contract” doesn’t mean “intelligent”: if a contract has a vulnerability, automatic execution can magnify the losses just as easily.
Ethereum, where $ETH is found, brought the concept of smart contracts into large-scale practice.
Take the time to understand the rules before you act; don’t place trades based on gut feeling.
#ETH
Just my two cents—how you do things is up to you.
In 1998, Nick Szabo designed a decentralized digital currency scheme called “bit gold,” but it was never actually implemented. “Smart contract” doesn’t mean “intelligent”: if a contract has a vulnerability, automatic execution can magnify the losses just as easily.
Ethereum, where $ETH is found, brought the concept of smart contracts into large-scale practice.
Take the time to understand the rules before you act; don’t place trades based on gut feeling.
#ETH
Just my two cents—how you do things is up to you.