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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. Patrick McKenzie‏ @patio11 17 Dec 2015
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      Since this morning's improvements we're processing 100X as many stock orders as the Bitcoin network's max throughput. ("Not a high bar.")

      1 reply 7 retweets 19 likes
    2. Patrick McKenzie‏ @patio11 17 Dec 2015
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      Replying to @patio11

      That's approximately 650 trades a second versus 7 transactions a second.

      2 replies 1 retweet 3 likes
    3. Patrick McKenzie‏ @patio11 17 Dec 2015
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      Replying to @patio11

      Granted, not an apples-to-apples comparison. One of these systems involves funny money only of interest to geeks and the other a video game.

      2 replies 4 retweets 23 likes
      Patrick McKenzie‏ @patio11 17 Dec 2015
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      The Bitcoin network costs approximately $1.6 million a day to operate. Our stock exchange server: a single m4.large; $3.02 a day. (Not typo)

      8:57 AM - 17 Dec 2015
      • 13 Retweets
      • 25 Likes
      • Eli Courtwright Ben Garvey Sean Patrick Hogan Jim Gray AJ seb hanlon paul shinn Nasir Chris Fidao
      7 replies 13 retweets 25 likes
        1. New conversation
        2. Andreas  ☮  🌈  ⚛  ⚖  🌐  📡  📖  📹  🔑  🛩‏Verified account @aantonop 17 Dec 2015
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          Replying to @patio11

          @patio11 Do you understand what that $1.6 m buys us? Efficiency is not the only criterion. Neutrality and openness is more important

          1 reply 1 retweet 5 likes
        3. Jay Jay‏ @VeryVeriViral 18 Dec 2015
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          Replying to @aantonop

          @aantonop @patio11 We will have all of the above soon.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. BeBetterHumans‏ @ItTime2SpeakUp 17 Dec 2015
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          Replying to @patio11

          @patio11 ummm...the Bitcoin network doesn't have a "cost" it is free. The spend by miners to support it is not a "cost"..it is competition.

          0 replies 0 retweets 2 likes
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        1. Grant Ammons‏ @gammons 17 Dec 2015
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          Replying to @patio11

          @patio11 Impressive. I take it that's the Golang part of Stockfighter, not the Ruby part? ;)

          0 replies 0 retweets 2 likes
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        1. Cristian Menghi‏ @cmenghi 17 Dec 2015
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          Replying to @patio11

          @patio11 @mister__lemon no es comparable...

          0 replies 0 retweets 1 like
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        1. Ross Nicoll‏ @JRossNicoll 17 Dec 2015
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          Replying to @patio11

          @patio11 There's no real lower limit on Bitcoin costs, that's just how much mining farms decide to spend.

          0 replies 0 retweets 0 likes
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        1. tommyjensen‏ @tommyjensen 17 Dec 2015
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          Replying to @patio11

          @patio11 Freedom ain't free

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        1. Ash‏ @azivc 17 Dec 2015
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          Replying to @patio11

          @patio11 this is probably why it takes 10 seconds to verify if a venue exists

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