Nick Szabo on 'Permissioned Blockchains' and the Block Size

Cryptographer and digital currency researcher Nick Szabo, who many believe to be the real identity behind Satoshi Nakamoto, has stated that a rapid block size increase is “a huge security risk” and “a reckless act to be performing on a $4 billion system.” Szabo made the remarks as part of the ongoing debate over the Bitcoin block size, which continues to draw in major players from across the community. As explained by Pete Dushenski, an author at Qntra and Contravex, the Bitcoin blockchain is like a city and the height of its walls is the network’s hashrate. “As such, the larger the....

Nick Szabo, who designed an early Bitcoin-like digital currency called "bit gold," made an appearance on Thursday at the D Hotel & Casino in Las Vegas, Nevada for the Bitcoin Investor Conference 2015. Szabo, in his speech, made it clear he understands the uncertainty in the price of Bitcoin. That's why he wants to bring the power of Bitcoin and the block chain to the world of traditional investments. "The current answer is colored coins," Szabo told conference attendees. "However that does not trust minimize cash flows." He believes such technology is the "next generation of putting assets....

Nick Szabo is a legal scholar and cryptographer, and although he has categorically denied it, some believe him to be Satoshi Nakamoto, the creator of Bitcoin. Nick is the author of bitgold, which was the most complete conceptualization of a decentralized currency prior to Bitcoin. In November of 2013 Nick Szabo went dark and made his last known public communication for a long time. Seven months passed, and during that time more accusations that he was Satoshi arose. Aston University's Centre for Forensic Linguistics claimed that a forensic analysis of Bitcoins' White Paper suggests that....

Nick Szabo, the author of bitgold, the most complete conceptualization of a decentralized currency prior to bitcoin, the person who coined the term smart contracts in 1993, and believed by many to be Satoshi himself, published a one line blog post today which simply contained a link to his twitter account. The last known public communication from Nick Szabo was in November 2013, almost seven months ago, leaving many to wonder whether he would ever post again. The seven months silence seems to have followed increasing attention on Nick Szabo after numerous suggestions that he might be....

An interesting submission today on social sharing website Reddit.com. A user submitted the link to a blog belonging to Nick Szabo Thursday morning, which leads to a Twitter account that would appear to belong to the mysterious figure many in the community have speculated to be the Satoshi Nakamoto. Despite the fact he's denied having involvement in the development of bitcoin, his previous works suggest he has tremendous interest in the subject, and forensic linguists have even suggested the writing style in the bitcoin whitepaper matches that of Szabo. And his tweet history on Twitter is....