BIT GOLD DESIGNER NICK SZABO MAKES RARE APPEARANCE AT LAS VEGAS BITCOIN CONFERENCE

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 on the block chain.’ That’s why Szabo is working on this.
‘We are gonna ‘trust minimize’ cash flows,’ he told the audience. ‘And like Bitcoin, it should be trustworthy everywhere on the globe.’
Szabo’s vehicle into traditional investments from Bitcoin, which he is working on with his partner Donald McIntyre, ‘will be like holding a traditional investment, but it acts like a Bitcoin.’
Nick Szabo has found himself very much at the center of the Bitcoin community. Blogger Skye Grey linkedNick Szabo to the Bitcoin whitepaper, claiming that he is Satoshi. Szabo is a long time decentralized currency philosopher and even published a paper entitled ‘bit gold’ which many consider a precursor to Bitcoin. Szabo has denied being Satoshi Nakamoto. Nathaniel Popper wrote in the New York Times that “the most convincing evidence pointed to a reclusive American man of Hungarian descent named Nick Szabo.”

This post was published at Crypto Coins News on 30/10/2015.