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MindsFiction's profile
Justin
Justin
Justin
@MindsFiction

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Justin

@MindsFiction

Joined September 2014

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    1. Justin‏ @MindsFiction Feb 9

      Ethereum is a bet that 1) Sharding will arrive in time. 2) Proof of stake holds up against state actors. 3) Flaws that lead to this summers Parity hacks can be overcome. No idea why people recommend this coin at current price level. Awful Risk/Reward

      53 replies 139 retweets 573 likes
    2. John Penner‏ @solitudedude__ Feb 9
      Replying to @MindsFiction

      Ripple is a bet that one company should own 33% of the money supply and become the richest entity in human history.

      5 replies 6 retweets 54 likes
    3. Justin‏ @MindsFiction Feb 9
      Replying to @solitudedude__

      Lol Ripple. I can't believe anything using PBFT is taken seriously.

      1 reply 0 retweets 14 likes
    4. John Penner‏ @solitudedude__ Feb 9
      Replying to @MindsFiction

      Well the protocol is cool. But on a social level that kind of wealth consolidation would never be permitted.

      1 reply 0 retweets 1 like
    5. Justin‏ @MindsFiction Feb 9
      Replying to @solitudedude__

      I thought Ripples consensus mechanism failed in Stellar this past summer? Stellar had to created a new version of PBFT. Stellar's validators being chosen buy the community is a novel feature as well. Either one being treated as money by the market blows my mind though.

      2 replies 0 retweets 5 likes
    6. David Schwartz‏ @JoelKatz Feb 11
      Replying to @MindsFiction

      Stellar didn't understand most of the Ripple tech they took. Their ledger forked when they violated the constraints of the consensus protocol. The same thing would happen if you used PoW and had only two mining pools of equal power that disconnected from each other. 1/2

      2 replies 10 retweets 37 likes
    7. David Schwartz‏ @JoelKatz Feb 11
      Replying to @JoelKatz @MindsFiction

      The only time they ever mentioned all the tech they copied from Ripple was when they broke it and blamed it on the tech. Their conduct in their early days (and not just this one thing), IMO, should never be forgotten. 2/2

      2 replies 7 retweets 36 likes
      Justin‏ @MindsFiction Feb 11
      Replying to @JoelKatz

      David, now that is interesting. I wasn't aware of the backstory. I'll keep it in mind going forward, thank you.

      4:54 PM - 11 Feb 2018
      • 2 Likes
      • God J.₿ City
      1 reply 0 retweets 2 likes
        1. New conversation
        2. David Schwartz‏ @JoelKatz Feb 11
          Replying to @MindsFiction

          You're welcome. For the record, I'm not at all bitter. ;)

          1 reply 1 retweet 21 likes
        3. Toco Joe‏ @Crypto_Toco Feb 11
          Replying to @JoelKatz @MindsFiction

          Stellar is Still a good coin to hold

          2 replies 0 retweets 0 likes
        4. David Schwartz‏ @JoelKatz Feb 11
          Replying to @Crypto_Toco @MindsFiction

          If all you care about is making money and don't care about principles or anything like that, there have definitely been times when I thought Stellar was likely to go up based on pure technical analysis. 1/2

          1 reply 1 retweet 8 likes
        5. David Schwartz‏ @JoelKatz Feb 11
          Replying to @JoelKatz @MindsFiction

          Historically, the market seems to value XLM at about half of XRP. I don't know why, and that makes no sense to me, but that's what it's been. It's below that now. It's not unreasonable to gamble that it might come back. 2/2

          1 reply 3 retweets 22 likes
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