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bascule's profile
Tony Arcieri
Tony Arcieri
Tony Arcieri
@bascule

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Tony Arcieri

@bascule

Co-founder @iqlusioninc, formerly @square @chain. Cryptography dilettante, polyglot programmer, key management wrangler, and infrastructure security specialist

San Francisco, CA
tonyarcieri.com
Joined May 2007

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    Tony Arcieri‏ @bascule 29 May 2015

    People talk about adding trusted third parties to Bitcoin. I can’t help but think “How is this different from banks?”http://www.dailydot.com/crime/evolution-openbazaar-multi-signature-heist/ …

    12:46 PM - 29 May 2015
    • 2 Retweets
    • 9 Likes
    • Andrew Berls Chad DePue Kasper Tidemann zvi Jen Andre Toxic Megacolon Tactical Sassy Pants Matthew Lyon Gabriel Mazetto
    5 replies 2 retweets 9 likes
      1. New conversation
      2. Collin Miller ❁‏ @collintmiller 29 May 2015
        Replying to @bascule

        @bascule The bank becomes an agent that operates on protocol, rather than a black box. Switching banks would be friction-less, no?

        1 reply 0 retweets 0 likes
      3. Tony Arcieri‏ @bascule 29 May 2015
        Replying to @collintmiller

        @collintmiller if you design the protocol with TPPs in mind you can get rid of the PoW and come to consensus faster:http://tonyarcieri.com/the-death-of-bitcoin …

        1 reply 0 retweets 0 likes
      4. Collin Miller ❁‏ @collintmiller 29 May 2015
        Replying to @bascule

        @bascule That's a dense post :) The steam engine analogy makes perfect sense.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. the grugq‏ @thegrugq 29 May 2015
        Replying to @bascule

        @bascule the blockchain, duh!

        0 replies 1 retweet 2 likes
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      1. Collin Miller ❁‏ @collintmiller 29 May 2015
        Replying to @bascule

        @bascule I'd love it if switching banks was as easy as submitting a transaction that said "Bank X can no longer act in my name."

        0 replies 0 retweets 0 likes
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      1. Collin Miller ❁‏ @collintmiller 29 May 2015
        Replying to @bascule

        @bascule I imagine bribes would be hard to hide if world markets were regulated to operate on a public blockchain.

        0 replies 0 retweets 0 likes
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      1. Gabriel Mazetto‏ @brodock 29 May 2015
        Replying to @bascule

        @bascule people can't think outside the paradigm of the "state"... they hate it but keep asking for more.

        0 replies 0 retweets 0 likes
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