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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Zellyn Hunter‏ @zellyn 6 Jul 2018
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      Hey @patio11 do you have a link to a shortish explanation of Stellar that (a) assumes I'm technically competent, and (b) doesn't use Harry Potter? Trying to decode metaphor and understand a distributed architecture at the same time is causing me to avoid that months-old tab :-)

      1 reply 0 retweets 3 likes
    2. Patrick McKenzie‏ @patio11 6 Jul 2018
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      Replying to @zellyn

      I don’t; haven’t taken a sustained look at it in a few years. Do the official docs not have a good entry point?

      1 reply 0 retweets 0 likes
    3. Zellyn Hunter‏ @zellyn 6 Jul 2018
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      Replying to @patio11

      They do, but it doesn't explain why distributed ledgers make it better than if IBM and Bank of England and a couple others did something similar with regular old databases.

      1 reply 0 retweets 0 likes
    4. Patrick McKenzie‏ @patio11 6 Jul 2018
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      Replying to @zellyn

      I guess that's the $64k question for blockchains. If I were to put myself in the mindset of someone bullish on the technology, permissionless "just connect to our network and transfer these things at will" give people at social remove to BoE substantial benefit over status quo.

      1 reply 0 retweets 0 likes
      Patrick McKenzie‏ @patio11 6 Jul 2018
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      Replying to @patio11 @zellyn

      You could imagine, for example, a world where buyer B and seller S both transact in GBP-denominated cryptocurrency held by a sufficiently trustworthy 3rd party without that 3rd party ever approving any of the seven layers between B, S, and themselves.

      8:58 AM - 6 Jul 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Zellyn Hunter‏ @zellyn 6 Jul 2018
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          Replying to @patio11

          That makes sense. I figured your opinions would be interesting, because you seem to hate on cryptocurrencies but like Stellar. :-)

          2 replies 0 retweets 0 likes
        3. Zellyn Hunter‏ @zellyn 6 Jul 2018
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          Replying to @zellyn @patio11

          Myself, I have never really gotten a sufficiently convincing answer to my favorite diagnostic question: “How is this different than everyone agreeing to transact in Ultima Online Gold?”

          0 replies 0 retweets 0 likes
        4. End of conversation

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