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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. Nathaniel Whittemore‏ @nlw Jul 30

      Nathaniel Whittemore Retweeted Sar Haribhakti

      “Invisibility” of decentralization/tokenization is going to be the key feature for mainstreaming.https://twitter.com/sarthakgh/status/1024099255248596992 …

      Nathaniel Whittemore added,

      Sar Haribhakti @sarthakgh
      My fav crypto product is @brave which, for better or worse, can be used without knowing what crypto is.
      4 replies 4 retweets 25 likes
      John Backus‏ @backus Jul 30
      Replying to @nlw

      An interesting way to think about ”invisibility”: if users can generate tokens in network then making tokens invisible is possible and makes the product a lot more compelling. Part of why I thought tokenizing BitTorrent made a lot of sensehttps://medium.com/@jbackus/what-if-bittorrent-had-a-token-13d62a590aa7 …

      6:55 PM - 30 Jul 2018
      • 9 Likes
      • Andreas Freund Gary Basin Goke Pelemo Joshua Philips Marino Canal Thuongvu zooko Nathaniel Whittemore Brian
      2 replies 0 retweets 9 likes
        1. New conversation
        2. Nathaniel Whittemore‏ @nlw Jul 30
          Replying to @backus

          Couldn’t agree more. I’m really interested in ecosystems where there can be some automated value exchange (think an app using and simultaneously contributing updated data or processing power or whatever) that’s automated, tokenized, and just runs in the background. BT = great ex.

          1 reply 0 retweets 3 likes
        3. John Backus‏ @backus Jul 30
          Replying to @nlw

          Yes! I wrote “What if BitTorrent had a token?” because: • People already USE BitTorrent. Not theoretical • BitTorrent barters between many unalike resources (bandwidth, storage, content) • Token can be behind the scenes • Researches and builders wanted this in the 2000s!

          1 reply 0 retweets 4 likes
        4. Nathaniel Whittemore‏ @nlw Jul 30
          Replying to @backus

          It's a really good model of basically opting in a single time to participating in a give-and-take mechanism. Tokenization allows for increased parameters for background activity while leaving it in the background.

          0 replies 0 retweets 1 like
        5. End of conversation
        1. New conversation
        2. Dan Hannum‏ @DHannum8 Jul 30
          Replying to @backus @nlw

          What are your opinions of Tron's purchase?

          1 reply 0 retweets 0 likes
        3. John Backus‏ @backus Jul 30
          Replying to @DHannum8 @nlw

          A lot of people ask me this because of that post. Honestly I haven’t paid attention to Tron and the main thing I know is that whole IPFS plagiarism thing. Was that resolved/addressed?

          1 reply 0 retweets 0 likes
        4. Dan Hannum‏ @DHannum8 Jul 30
          Replying to @backus @nlw

          Resolved not really. "Addressed" by taking the whitepapers of the site but the "similarities" between IPFS and or Filecoin were striking if not outright plagiarism. Still interested to see what the addition of BitTorrent will bring.

          2 replies 0 retweets 0 likes
        5. Nathaniel Whittemore‏ @nlw Jul 30
          Replying to @DHannum8 @backus

          Reading material. @CremeDeLaCrypto flagged this sort of acquisition as "Cash Flush Business Light" companies leveraging massive ICO war chests to try to get real tech, teams, and growth. CFBL is a concept I expect we'll hear a lot more of.https://medium.com/blockchain-capital/a-crypto-acquisition-spree-the-rise-of-cfbls-ab3535792c8f …

          1 reply 0 retweets 2 likes
        6. Dan Hannum‏ @DHannum8 Jul 30
          Replying to @nlw @backus @CremeDeLaCrypto

          About to dive in but initially, agree. That was my thought as well, thinking they can pass off BitTorrent's network effects as their own through acquisition instead of real development. Thanks for sharing.

          0 replies 0 retweets 2 likes
        7. End of conversation

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