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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 31 Dec 2015
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      Replying to @patio11

      The other part of BTC Core wanted big blocks and for the network to grow to accommodate use cases, but they lost that vote and forked Core.

      1 reply 1 retweet 2 likes
    2. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      Here the developers learned that Core cannot be successfully forked because Core is Bitcoin and Bitcoin is Core.

      3 replies 2 retweets 7 likes
    3. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      In yet another corner, we have Ponzi schemes, which are presently hoovering cash money out of the third world through BTC network.

      1 reply 4 retweets 5 likes
    4. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      A Ponzi scheme is a technically outmoded enterprise from back when Satoshi schemes did not exist. Software is eating them these days.

      1 reply 8 retweets 9 likes
    5. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      The economic majority, which still holds lots o BTC (many of them at a 60%+ loss) is essentially hoping Ponzi from 3rd world bails them out.

      2 replies 1 retweet 7 likes
    6. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      In the fifth corner, we have the distributed boiler room. Their services are no longer required. Some made a killing; most lost money.

      2 replies 1 retweet 5 likes
    7. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      There are more corners. A fascinating fractal of them. It's a honeycomb-become-a-hurricane of vice, lies, and code.

      2 replies 5 retweets 11 likes
    8. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @patio11

      This concludes today's "catch up on Bitcoin" session. Sorry for lack of technical detail -- that's another fractal for another day.

      4 replies 1 retweet 18 likes
    9. Phil Freo‏ @philfreo 31 Dec 2015
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      Replying to @patio11

      @patio11 how do you keep up on the inner happenings of bitcoin?

      1 reply 0 retweets 0 likes
    10. Patrick McKenzie‏ @patio11 31 Dec 2015
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      Replying to @philfreo

      @philfreo Some men drink. Some men gamble. I /r/bitcoin and /r/buttcoin for news a few times weekly.

      2 replies 1 retweet 4 likes
      Patrick McKenzie‏ @patio11 31 Dec 2015
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      @philfreo It's even less productive for me than watching other people play video games but I tell myself "research for future SF levels."

      6:46 PM - 31 Dec 2015
      • 4 Likes
      • steve von reddit Johnny Everson Justin Yost Phil Freo
      0 replies 0 retweets 4 likes

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