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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 Mar 25

      Important question for crypto founders: Can the biz you want to build w/ the protocol be invalidated by improvements to the protocol? My experience w/ BTC in 2013 was this is hard if you're not a wallet, exchange, or blockchain interface. This question makes me bullish on ETH.

      1 reply 0 retweets 6 likes
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    2. John Backus‏ @backus Mar 25

      Value is created either way but if it can be captured by the protocol then you're at risk. In the long term, I think the fact that more types of businesses can be built on something like Ethereum means way more people are incentivized (full time) to build and advocate for ETH.

      2 replies 0 retweets 6 likes
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    3. Erwan‏ @erwanfrm Mar 25
      Replying to @backus

      Maybe but that's assuming integrating at the protocol level doesn't make for a vastly better UX or turns out to be cheaper for the user etc.

      1 reply 0 retweets 0 likes
      John Backus‏ @backus Mar 25
      Replying to @erwanfrm

      I think I might agree with you but I’m not sure I’m interpreting right. Can you provide an example?

      6:26 PM - 25 Mar 2018
      1 reply 0 retweets 0 likes
        1. Erwan‏ @erwanfrm Mar 25
          Replying to @backus

          Sure, for example having access to "better" primitives natively (eg EC arithmetic)

          0 replies 0 retweets 0 likes
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