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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 Apr 4

      John Backus Retweeted John Backus

      Ethereum dApps will change how we think about private keys in cryptocurrency by decoupling 👤 Ownership and identity ⛽ Submitting and managing transactionshttps://twitter.com/backus/status/981604194179194880 …

      John Backus added,

      John Backus @backus
      Ethereum dApps will probably move to users signing blobs of data using private keys that don't actually hold any funds. dApp operators will submit txs including these signatures, proving the end user gave the 👍. Lets business pay for gas, deal with nonces, retry TXs, etc.
      Show this thread
      1 reply 2 retweets 7 likes
      Show this thread
    2. John Backus‏ @backus Apr 4

      👆Reframing quoted tweet to emphasize the long-run crypto implications for people who aren't smart contract developers. This will be a major win for user experience and on boarding in crypto! Sharing a few thoughts in this thread on what this might mean in the next ~year

      1 reply 0 retweets 3 likes
      Show this thread
      John Backus‏ @backus Apr 4

      1. Web and mobile dApps will ship with "good enough" wallets that give the user a low friction private key that shouldn't be funded. We're doing this on mobile for @Bloom. See MetaMascera for in-browser examplehttps://github.com/MetaMask/mascara …

      2:40 PM - 4 Apr 2018
      • 6 Likes
      • Vittorio Minacori King Asael Anupam Sah Brandon Arvanaghi Jesse Leimgruber Devon
      1 reply 0 retweets 6 likes
        1. New conversation
        2. John Backus‏ @backus Apr 4

          2. Smart contracts will be designed around users being part of a permissioned user account contract. User has one account id which they can add and remove Ethereum addresses from. We're also building this into @Bloom!

          1 reply 0 retweets 5 likes
          Show this thread
        3. John Backus‏ @backus Apr 4

          3. Once a new user is interacting more seriously with the dApp, they have to improve their private key management proportionally 👤 Doing something sensitive like verifying identity? Download mobile dApp 💰 Need to actually hold ETH or tokens? Ok *now* you need a hardware wallet

          1 reply 0 retweets 4 likes
          Show this thread
        4. John Backus‏ @backus Apr 4

          4. Once multiple keys are associated with one account, the different addresses should have different permissions. 🔒Only most secure key (hardware wallet) should be solely able to remove addresses, hold tokens. ✒ More convenient keys should be able to sign transactions

          1 reply 0 retweets 6 likes
          Show this thread
        5. John Backus‏ @backus Apr 4

          5. Users should be able to specify how much they care about solely owning their accounts. Everyone should be able to submit transactions on their own if they want. Some users might want to give dApp operators more permissions if they ever need to recover their account.

          0 replies 0 retweets 4 likes
          Show this thread
        6. End of conversation

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