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

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John Backus

@backus

The “revving up,” the “working up.” Hopefully wrong on average. Shameless. Started @getcognito and @bloom

San Francisco, CA
Joined August 2012

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    1. John Backus‏ @backus 29 Oct 2018

      Failed early internet businesses seem awfully familiar. > I basically think all the ideas of the 90s that everybody had about how this stuff was going to work, I think they were all right, they were all correct. I think they were just early — @pmarca Thread 👇

      25 replies 207 retweets 627 likes
      Show this thread
    2. John Backus‏ @backus 29 Oct 2018

      John Backus Retweeted John Backus

      2004 attempt to build Tinder. Short phone calls instead of texting on a mobile app.https://twitter.com/backus/status/1056685682695884800 …

      John Backus added,

      John Backus @backus
      "Online SpeedMatching" — 2004 attempt to build Tinder. Review profiles, view pictures, have a brief phone conversation, vote yes or no for followup contact. There are so many awkward early 2000s internet products that, in retrospect, had a smartphone app sized hole. pic.twitter.com/IltUAmL8kt
      Show this thread
      2 replies 3 retweets 49 likes
      Show this thread
    3. John Backus‏ @backus 29 Oct 2018

      Kozmo (1998 - 2001) – wide-ranging local delivery in under an hour. Seems a lot like Postmates today, minus the mobile apppic.twitter.com/irqfiyaXI7

      3 replies 4 retweets 50 likes
      Show this thread
    4. John Backus‏ @backus 29 Oct 2018

      Webvan (1996 - 2001) – One of the most notorious dotcom flops. Instacart's last private valuation was $4.2B. Differences? Instacart outsources grocery inventory to stores and delivery vehicles + logistics to Instacart shoppers.pic.twitter.com/pexrnlfx9J

      2 replies 4 retweets 55 likes
      Show this thread
    5. John Backus‏ @backus 29 Oct 2018

      TextPayMe (2006) – Payments between friends via mobile phones. Sounds like Venmo! This article even frames TextPayMe as "the logical second act for PayPal." Venmo was. Now PayPal owns them :)pic.twitter.com/YsSmSx8ccT

      1 reply 5 retweets 44 likes
      Show this thread
    6. John Backus‏ @backus 29 Oct 2018

      Pets​.com (1998 - 2000) – bad idea, too early, or just prematurely bankrupted by the bubble bursting? PetSmart acquired Chewy​.com for $3.35B in 2017! People mocked later attempts to sell pet supplies online, but the Pets​.com CEO understood it was viable https://www.businessinsider.com/petscom-ceo-julie-wainwright-2011-2 …pic.twitter.com/UJdJCQQUXd

      4 replies 7 retweets 57 likes
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      John Backus‏ @backus 29 Oct 2018

      There were lots of attempts to build digital currencies before Bitcoin: DigiCash ('89), Beenz (98), Flooz (99), e-gold (98), 1mdc (01), e-Bullion (01). Some even tried to anonymously create underground (Tor only) currencies like eCache (2007).pic.twitter.com/rGb77rLTtV

      4:40 PM - 29 Oct 2018
      • 67 Retweets
      • 181 Likes
      • blahblahblah TheWakalix ChainLinkGod Judith Butlerian Jihad Alberto Bissacco Tegan Kline Daniel Copeland zooko Ray Youssef
      10 replies 67 retweets 181 likes
        1. John Backus‏ @backus Apr 1

          SixDegrees' social network launched in '97 and sold in '99, peaking at ~3.5M users. Here is @andrewsroadmaps demoing how users could traverse their network to find intros to key people. Associate that with LinkedIn? They launched in 2003 and bought out SixDegrees' patents!pic.twitter.com/IIQQ3a6PnK

          0 replies 1 retweet 13 likes
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        1. Dorian ฿anks‏ @dorianbanks 29 Oct 2018
          Replying to @backus @saifedean

          We built MyCash in ‘99, basically what Cointext is now but with bank account integration.

          0 replies 1 retweet 1 like
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        1. BigPapiBitcoin ₿‏ @SerWisdom69 29 Oct 2018
          Replying to @backus @danheld

          Cool shit

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Trevor Bonnici‏ @bonnicit 30 Oct 2018
          Replying to @backus

          What differentiates BTC from earlier digital currency failures, and other current digital tokens?

          5 replies 0 retweets 0 likes
        3. SandwichOfEarl‏ @SandwichOfEarl 30 Oct 2018
          Replying to @bonnicit @backus

          The earlier digital currencies required centralized trusted institutions to work. BTC is the first decentralized digital currency.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Amjad Masad  🎱‏ @amasad 30 Oct 2018
          Replying to @backus

          Also Segway by way of scootershttps://youtu.be/U-l4Kf9NUJo 

          1 reply 0 retweets 0 likes
        3. Ross Sclafani‏ @RossSclafani 31 Oct 2018
          Replying to @amasad @backus

          Dont count out self-driving segways (IOT’d with the cars for collision avoidance) just yet

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Bob Gilbert‏ @MrBobGilbert May 28
          Replying to @backus

          I remember running dist computing projects like @setiathome and @foldingathome for years thinking ‘someone is eventually going to do something like this, but with money.’ I still wonder how I missed any mention of Bitcoin until early 2012, including @WIRED or Slashdot in 2011

          0 replies 0 retweets 0 likes
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        1. will samedy‏ @WilliamSamedy 1 Nov 2018
          Replying to @backus

          Nice, thanks for sharing!

          0 replies 0 retweets 0 likes
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        1. one Machiavelli‏ @ran_bull 27 Nov 2018
          Replying to @backus @jonmatonis

          The barter system!

          0 replies 0 retweets 0 likes
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        1. NEET - CET - AIIMS - IIT JEE‏ @Equateall 31 Oct 2018
          Replying to @backus

          In 1999-2000, my team at http://Chakraworld.com , a venture of Microcon group, Bangalore, built a mapping solution (no google maps then), ran a few vehicles between Bangalore - Madras, to demo to some transporters. We built online multi tier sales system, and consulting forum.

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