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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. Jonathan Libov‏ @libovness Nov 3

      The trope that crypto mainly needs better UX is off the mark imo UX matters for high frequency, low-margin media-based businesses, which need to be fast and seamless UX doesn’t matter much for sporadic, high-value use cases — prediction markets, governance, wealth transfer

      15 replies 6 retweets 58 likes
      Show this thread
    2. John Backus‏ @backus Nov 7
      Replying to @libovness

      Yes. Decentralization is a trade off against UX. A good heuristic may be “what dapp would people use even if the ux is weak?” @AugurProject fits I think, because building centralized and generalized prediction markets in the US is legally grey at best so the trade off makes sense

      2 replies 0 retweets 2 likes
    3. Crypto Max‏ @Max_Newton Nov 7
      Replying to @backus @libovness @AugurProject

      It needs to get to a point where it’s not a trade off for it to get mass adoption. Augur is the perfect example of that. Respectfully, the original tweet you’re quoting could not be more wrong.

      1 reply 0 retweets 1 like
    4. John Backus‏ @backus Nov 7
      Replying to @Max_Newton @libovness @AugurProject

      Replication, consistency, and other guarantees are slower in trustless decentralized architectures. Decentralized fuzzy search is a hard problem. Privacy or anonymity exacerbates it all. The space will improve with time, but there are some fundamental properties at play too

      1 reply 0 retweets 2 likes
    5. Crypto Max‏ @Max_Newton Nov 7
      Replying to @backus @libovness @AugurProject

      I totally agree. It doesn’t change that the mass market, even the early adopter market for the most part are not going to go through massive UX hurdles to use these products for their decentralized attributes. Augur is a perfect example. The “trope” in question is 100% accurate.

      1 reply 0 retweets 0 likes
      John Backus‏ @backus Nov 7
      Replying to @Max_Newton @libovness @AugurProject

      Yeah. Point isn't that what we have right now is fine. I'm saying it'll feel different. A bit more awkward (like BitTorrent is) than a centralized thing. UX hurdles may not be solved by Augur themselves. Maybe they ship the app and hope someone builds http://augur.casino 

      1:05 PM - 7 Nov 2018
      • 2 Likes
      • Sar Haribhakti Crypto Max
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Jonathan Libov‏ @libovness Nov 7
          Replying to @backus @Max_Newton @AugurProject

          Yeah I agree with that. And I was hardly arguing that UX isn't important or a differentiator. I'm merely arguing that there's a popular notion that UX is the last piece of the puzzle for crypto adoption. I don't think that's true.

          1 reply 0 retweets 3 likes
        3. Sar Haribhakti‏ @sarthakgh Nov 7
          Replying to @libovness @backus and

          Yea, I don’t think UX is the major obstacle either. If people think that’s the case, they are very likely in for a massive surprise (I agree with John’s writing on this). Ideological motivation wont get us massive adoption either.

          1 reply 0 retweets 2 likes
        4. Crypto Max‏ @Max_Newton Nov 7
          Replying to @sarthakgh @libovness and

          I guess it depends on the decentralized protocol / product in question. I don’t think prediction markets or wealth transfer (both with sizeable / current market) fit the UX isn’t the main problem mold, maybe governance would. Any way how are you bro? Let’s catch up soon 👍

          0 replies 0 retweets 1 like
        5. End of conversation

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