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backus's profile
John Backus
John Backus
John Backus
@backus

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John Backus

@backus

Seeking alternative compression. Hopefully wrong on average. Shameless. Started @getcognito and @bloom

San Francisco, CA
Joined August 2012

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    1. John Backus‏ @backus Jun 6

      Blockchain world can learn a lot from p2p file sharing era 😡 Incentive issues (most shared NOTHING, tons of fake files + viruses) 🤝 Lots of attempted market mechanisms (from game theory to tokens) to fix incentives 💰 Monetization lessons 🍴 Forking vs governance Thread 👇

      19 replies 204 retweets 551 likes
      Show this thread
    2. John B. Roberts‏ @pencoyd Jun 6
      Replying to @backus

      the end of the thread should be... iTunes, Spotify. Market incentives led to centralization.

      1 reply 0 retweets 7 likes
    3. John Backus‏ @backus Jun 7
      Replying to @pencoyd

      iTunes/Spotify/Soundcloud are interesting and I do think there are big lessons (something like "decentralized protocols as foreshadowing for markets"). "market incentives led to centralization" isn't right takeaway IMO. Partially accurate but misses out on other insights

      2 replies 0 retweets 4 likes
      John Backus‏ @backus Jun 7
      Replying to @backus @pencoyd

      File sharing showed that people want don't want to buy by the album but and they do want to consume a lot of music. Later successful businesses required strong relationships with industry and file sharing protocols became popular by stepping on the toes of the industry.

      2:27 PM - 7 Jun 2018
      • 3 Likes
      • @hsribei@sunbeam.city David Lewis®️ Toxic Megacolon
      2 replies 0 retweets 3 likes
        1. John Backus‏ @backus Jun 7
          Replying to @backus @pencoyd

          File sharing didn't go away. BitTorrent is still very popular as a medium (and not just for piracy) and torrent websites like OiNK and http://what.cd  have been called the best collections of music humans have ever created. PopcornTime is in a similar boat IMO

          0 replies 1 retweet 5 likes
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        1. startupguy [SE]‏ @startmeup13 Jul 29
          Replying to @backus @pencoyd

          Thanks for gr8 thread but don’t agree with this point. I think most people want to pay for media (music, movies, tv) but for so long the legal digital alternatives sucked. Spotify and Netflix go some distance in addressing that (but not far enough imo) and are thusly successful.

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