Opens profile photo
Follow
Andrew Stone
@GAndrewStone
Joined February 2014
79 Following
611 Followers

Andrew Stone’s Tweets

Andrew Stone Retweeted
Peter Van Valkenburgh
@valkenburgh
Senators Warren and Marshall's proposed bill subjecting software devs & nodes to AML is "a repudiation of liberal values and a move towards the types of surveillance and control prized by authoritarians like Vladimir Putin, Xi Jinping, and Kim Jong-un"
coincenter.org
The Digital Asset Anti-Money Laundering Act is an opportunistic, unconstitutional assault on...
Nothing about the bill would prevent the next FTX. In fact, it puts users at more risk.
54
852
Andrew Stone
@GAndrewStone
Do not lump me with alt-coiners in hating lightning. I agree it has tradeoffs (which is perhaps one reason why my relationship with some BCHers has always been "strained"), and that it should compete on a level playing field (not a blockspace supply cliff) with L0 scalability.
Show this thread
Andrew Stone
@GAndrewStone
At a minimum you need to argue that reducing the footprint of Bitcoin relative to the "average" computer/network is more valuable to the network as a whole than allowing k more activity on L0. This would be a very interesting argument.
1
Show this thread
Andrew Stone
@GAndrewStone
For example, you seem to agree that the higher layers (liquid, lightning, etc) are tradeoffs (volume vs permissionless, identity vs volume, etc). But you do not weigh these tradeoffs verses allowing more activity on L0. And you do not consider technological improvement.
1
Show this thread
Andrew Stone
@GAndrewStone
The problem isnt unregulated crypto. The problem is the transition to DYOR. We saw this same transition in 2008. People trusted the banks' judgement on whether they were good for a mortgage. But invention of MBS meant banks no longer cared. So lots of personal bankruptcies.
3
Andrew Stone
@GAndrewStone
All the upside of the dollar and all the risk of an experimental technology running novel algorithms within a custodial startup hemorrhaging its seed money. What about these systems was attractive? What about them have anything to do with cryptocurrency?
2
Andrew Stone
@GAndrewStone
You cannot report Q per BS without an oracle because Q is a fiat currency that is completely external to the network. You can't drive a car blindfolded. You can't execute a [PID] control algorithm if you don't know the target price.
Show this thread
Andrew Stone
@GAndrewStone
Anyone holding crypto-Q wants to lie and trick crypto-Q to rise relative to Q. And anyone not holding crypto-Q wants to trick crypto-Q to fall relative to Q... any "disinterested" party is an "oracle" and its impossible to prove they "disinterested", haven't bought on the sly.
1
Show this thread
Andrew Stone
@GAndrewStone
[1] Fiat currency pricing information never enters the system. [2] runaway currency creation [3] Proven the short term Q's price follows the backing currency. Point [3] is that there is nothing else for it to follow [4] Bitcoin is based on distrust of all participating parties
1
Show this thread
Andrew Stone
@GAndrewStone
Quote Tweet
imaginary_username🕶️🌭
@im_uname
Replying to @pokkst and @be_cashy
the even crazier thing: unlike another time some of us remember, this majority pool isn't even doing anything funny. it's simply guilty of not siding with the "official" nodes when an orphan emerged.
2
5
Show this thread
Andrew Stone
@GAndrewStone
lol
Quote Tweet
Nikita Zhavoronkov
@nikzh
I don’t wain to rain on the Bitcoin ABC’s parade, but my prediction was correct — the chain just got DoS attacked. There are 200k transactions in the mempool waiting to be confirmed, and someone mined 11 empty blocks — it is clearly malicious behaviour.
Show this thread
Image