Skip to content
  • Home Home Home, current page.
  • Moments Moments Moments, current page.

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
backus's profile
John Backus
John Backus
John Backus
@backus

Tweets

John Backus

@backus

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

San Francisco, CA
Joined August 2012

Tweets

  • © 2018 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @backus

      There's already some good work done by Blockstream on paying for packets of data with Bitcoin payment channels. Why do you immediately jump to the assumption that some distinct stand alone token is required?

      1 reply 0 retweets 1 like
    2. John Backus‏ @backus Jun 30
      Replying to @NotASithLord

      Honest question before I answer: did you read the blog post?

      1 reply 0 retweets 1 like
    3. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @backus

      Read it after. Question still stands.

      1 reply 0 retweets 0 likes
    4. John Backus‏ @backus Jun 30
      Replying to @NotASithLord

      If you buy the "fat protocol" argument then you might view tokens as an incentive to build a system like this. Why would I spend years building this with BTC? Tokens also make it easier to experiment early on at low cost + fork your own system if you screw up

      2 replies 0 retweets 0 likes
    5. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @backus

      Who cares what's convenient for you? Even if we naively assume it's easier to build it on something else, the only thing that matters is the consumer. Who wants to use an even less stable and supported single purpose token instead of just actual money if both are available?

      2 replies 0 retweets 1 like
    6. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @NotASithLord @backus

      And if you build anything that's at all viable on your proprietary token, what's stopping anyone from forking it to just use BTC and make both options available no matter what? Money is all about network effect. It's not a tool for devs to "capture" value.

      1 reply 1 retweet 2 likes
    7. John Backus‏ @backus Jun 30
      Replying to @NotASithLord

      I'd ask what their incentive to do so is. Likely the protocol would have very little adoption already in which case, why bother spending months changing the code? If it has significant adoption, the lazy BTC fork would be incompatible and would require its own marketing push

      2 replies 0 retweets 0 likes
    8. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @backus

      You seem to be under the impression open source protocols somehow retain the same advantages of proprietary and closed source technology. They do not. Let's also not pretend Bitcoin isn't the farthest in being able to support this kinda stuff at scale anyway with Layer 2.

      1 reply 0 retweets 1 like
    9. John Backus‏ @backus Jun 30
      Replying to @NotASithLord

      Eh, maybe you're right but I think you're too confident that we know how different protocols will work. Scaling is an interesting topic, but out of scope for what I was trying to write about (a high level picture, not how it should work if we implement it in the next 6 months).

      2 replies 0 retweets 1 like
    10. Ariel Deschapell‏ @NotASithLord Jun 30
      Replying to @backus

      To be clear I think some of the use cases and ideas you laid out are pretty good, I just take issue with the implementation. Building new stuff like this is hard enough. Why waste time and resources also recreating what Bitcoin has already done in security and network effect?

      1 reply 0 retweets 1 like
      John Backus‏ @backus Jun 30
      Replying to @NotASithLord

      Thanks! I have further thoughts, but this is probably a good stopping point. Appreciate the input :)

      11:02 PM - 30 Jun 2018
      0 replies 0 retweets 0 likes

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2018 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Cookies
        • Ads info