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adam3us's profile
Adam Back
Adam Back
Adam Back
@adam3us

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Adam Back

@adam3us

cypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci http://adam3.us  Co-Founder/CEO https://blockstream.com 

Malta
cypherspace.org/adam/
Joined November 2010

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    1. Ryan Selkis‏ @twobitidiot 21 Jun 2015

      1/ On hard forks, I'm with @gavinandresen. Risks of not increasing block size seem > increasing. Miners will go where users & exchanges go.

      2 replies 2 retweets 6 likes
    2. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      2/ There's precedent for how miners behave during a hard fork (2013) & until sidechains are ready in 2016+, need bigger block size...

      2 replies 0 retweets 1 like
    3. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      3/ Otherwise #bitcoin functionality breaks down. Users lose trust, value / confidence breaks down, etc.

      2 replies 0 retweets 1 like
    4. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      4/ But set aside the tech arguments. Look at the politics: there will be hard forks in the future, best to test #bitcoin's resilience now.

      1 reply 0 retweets 2 likes
    5. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      5/ Governments fighting money laundering could try to hard fork network.

      1 reply 0 retweets 1 like
    6. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      6/ Anyone who wishes to change the underlying consensus algo good fork because they don't like "wasteful" or centralized PoW.

      1 reply 0 retweets 0 likes
    7. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      7/ Perhaps most importantly, I see a hard fork coming in 5+ years regardless of sidechains success: changing 21mm bitcoin hard cap.

      8 replies 2 retweets 2 likes
    8. Ryan Selkis‏ @twobitidiot 21 Jun 2015
      Replying to @twobitidiot

      8/ Future miners add 1-2% inflation rate to supply to keep txn fees low: satisfies mainstream econ & caps implied txn fee below V/MC rates.

      2 replies 0 retweets 3 likes
      Adam Back‏ @adam3us 21 Jun 2015
      Replying to @twobitidiot

      .@twobitidiot so now you want to change the 21million cap? wow.

      9:40 AM - 21 Jun 2015
      • 7 Retweets
      • 14 Likes
      • xcsler_returns GreenAddress Michael Ford Chris Ellis Caleb Chen coinSlumit 🇬🇧 Meher Roy Not Satoshi Bitcoinity Fan
      1 reply 7 retweets 14 likes
        1. Alex Izak, Asimov‏ @AlexIzakQ 21 Jun 2015
          Replying to @adam3us

          @adam3us @twobitidiot no way

          0 replies 0 retweets 0 likes
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