Exit & Freedom

Exit & Freedom

Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of how the power to exit acts as a check on abuse and centralization.  And who better to cover this topic with, than Nick Szabo?  Today we read and discuss Szabo’s blog post from 2007 titled, Exit and Freedom.

Don’t forget to follow Nick on Twitter and explore the enormous body of work he has contributed over decades at his blog:http://unenumerated.blogspot.com/2007/08/exit-and-freedom.html

 

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Szabo – Formalizing & Securing Network Relationships [Parts 1-3]

Szabo – Formalizing & Securing Network Relationships [Parts 1-3]

“… The movement from static to dynamic media promises to bring about a fourth cost revolution in the related areas of jurisdiction, trust, and security. Impacts on business will be felt in law, accounting, auditing, billing, collections, contracts, confidentiality, and so on: in short, the entire nature of our business relationships will be altered in ways only partially foreseeable.”
Nick Szabo

 

Diving into another excellent piece from Szabo on establishing and updating how we create, enforce, and control relationships in the world of cyberspace.  Check out the full essay at the Nakamoto Institute:
https://nakamotoinstitute.org/formalizing-securing-relationships/

And don’t forget to follow Szabo on Twitter:
https://twitter.com/NickSzabo4

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Part 2 – Listening to an essay from 1997 that details specific challenges of something as distant as the smart contract embedded into the Lightning Network shows the unbelievable foresight of the cypherpunks. As well as the dedication to seeing their vision become a reality. Don’t miss the continuation of Szabo’s amazing piece, “Formalizing and Securing Relationships on Public Networks.”

Don’t forget to check out the many different elements discussed in the commentary if you want to learn more.

Neutrino:
cryptoconomy.life/2018/10/18/neutrino-the-lighter-side-of-lightning/ 
Eltoo:
cryptoconomy.life/2018/05/01/eltoo-a-simplified-update-mechanism-for-lightning/

 

Part 3 – The risks and benefits of chargebacks, the nature of the trade-off between contract enforcement & ensuring privacy, the elements of splitting contractual elements (the ripped dollar bill) to minimize trust, pseudonymous credit ratings, and so much more in our completion of Szabo’s essay, “Formalizing and Securing Relationships on Public Networks.” More amazing foresight into the problems of smart contract design, detailed more than a decade before Bitcoin even existed.

Link to the Nakamoto Institute for hosting this incredible work:
nakamotoinstitute.org/formalizing-securing-relationships/ 

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Szabos Confidential Auditing

Szabos Confidential Auditing

“Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy.” -Nick Szabo

Don’t miss a great read and conversation on auditing, confidentiality, privacy, and how Bitcoin has changed the game. Another great piece by @nickszabo4.

This article can be found on Szabo’s Blog unenumerated.blogspot.com or at the Nakamoto Institute’s website at: nakamotoinstitute.org/confidential-auditing/

Estimating and Minimizing Consumer Worry

Estimating and Minimizing Consumer Worry

What are the mental barriers that cause prospective consumers to drop off from interacting with an e-commerce business? How can we measure or estimate the worry caused by excessive forms, ads, and barriers to the content being sought. Another piece by @NickSzabo4 to add to our collection. Don’t miss “Estimating and Minimizing Consumer Worry.”

Check out this work and many more on Szabo’s Blog:
https://unenumerated.blogspot.com/2015/10/minimizing-consumer-worry.html

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