While many of us care a lot about decentralization, that isn't how we should pitch it. For most, decentralization is the means, the ends is mass coordination and agreement.
Scalability is how we are going to get there and for that reason I am also deeply focused on Plasma on ETH
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Scaling Ethereum paper, a possible way forward for cost-efficient decentralized applications and the world computer. plasma.io/
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I'm contributing to a new Decentralized CA and naming project with a bunch of friends. The goal is to replace the Certificate Authority system entirely and to not have that annoying SSH fingerprint question. handshake.org
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We need to improve the culture of cryptocurrencies RIGHT NOW. As crypto gets big, we are spreading out this culture to the wider world.
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The confrontation at the conference should not be seen as a normal response to disagreements in the crypto ecosystem. It was an extremely strong response to extreme, intentional deception.
True, respectful disagreements of philosophy should be celebrated.
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Reality is just getting weirder and weirder.
Headed back to North Korea. Thank you PotCoin.com for sponsoring my mission. I'll discuss when I return. piped.video/pOo2S7zM2rM
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Both @Excellion summarizing his views on Bitcoin Core's position and @rogerkver emphatically presenting his concerns on LN&BTC should be seen as an example of (mostly) respectful discourse. It's important to recognize that honest, respectful disagreements are preferred.
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The money people/culture entering is nothing compared to the existing toxic culture and team sports politics. We can and will do better.
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Coins secured by Proof of Work are currently hydroelectric currencies. They will eventually be solar currencies. bbc.com/news/business-404343…
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YAASSS. This works even better and may be more secure /w Ethereum sharding. Could be an interesting testbed for sharding strategies as well.
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Article has errors, I'm an advisor on that project. Didn't leave Bitcoin, but spending time only on ETH until the toxicity dies down.
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Certificate Authorities and DNS are the foundation in which all of the internet services stand upon. The green lock icon in your browser may not be as secure as you think, there have been many known security failures (see DigiNotar in 2011).
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Lack of talent relative to demand is the biggest damper in this stuff getting big, developer education for those getting in now is limited.
1/ Bickering about whether #cryptoassets are in a bubble misses the point. The key is everyone is watching now & talent is flooding in
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Closed enterprise blockchains narrative is a dead-end. Companies can solve coordination problems /w others using interlinked open chains.
DRAFT RELEASE: "OmiseGO Decentralized Exchange and Payments Platform", #whitepaper by @jcp Joseph Poon cdn.omise.co/omg/whitepaper.… #ethereum
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Don't mean to be too preachy about it; there were lots of discussions after the event with how to positively handle these types of situations in crypto.
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We found and disclosed a security vulnerability in #IOTA, a $2B cryptocurrency. medium.com/@neha/cryptograph… #mitdci
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Awesome to see this out there 👍 With a malleability fix, Bitcoin can do so many more types of contracts.
coindesk.com/smart-contracts…
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People said I should crash the party, I heard there was a big focus and discussions on LN, but got trapped by the Japanese snacks.
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The ssh client can verify that the name record matches the server's pubkey record, it's working on the testnet blockchain now (it's experimental though, but has SPV too!).
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Adventure Time "Come Along With Me" finale song :)))
piped.video/watch?v=mIkS8eGC…
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No changes are necessary to get this up and running (after significant development and testing), but further optimizations are possible.
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5/5 Without the network effects, field opens up. BTC's competition may be zcash and monero long term. Developer talent is BTC's biggest moat
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We are focused on building positive collaboration/change across the #Bitcoin ecosystem. Milan #LN Gathering notes: medium.com/@lightningnetwork…
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I don't know how to interpret this thread other than it being outright racist. I don't see why Adam brought up the fact that he was Chinese.
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1/5 The most interesting result of the flippening may be that in the Bitcoin scaling debate, Core's position is far more likely to win
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Different. Let's Encrypt does awesome work, but uses the existing CA infrastructure and it's trust models. This is an experimental decentralized naming chain and builds upon the fantastic work by Namecoin, ENS, and Blockstack.
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Interesting that some are now giving the Chinese name for BCC as 比特钞，looks like a totally different coin that way.
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Not a token! But it can be the foundation for the technical design /w token projects. ERC20 tokens can be bonded & used to secure Plasma PoS
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Plasma's novelty is around information withholding and mitigations. TXO Commitments is very useful, but doesn't give computational scaling.
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Economic 51% attacks on solar currencies is harder, as attackers must outcompete people mining on free electricity or is otherwise worthless
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This. Crypto is experimental. May not be possible to diversify either. Assume high covariance and inapplicability of Fama&French models. nitter.app/ummjackson/status/8791…
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3/5 Post flippening, BTC has greater impetus to be a niche slow currency optimized for size/fungibility/portability.
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It looks like Ardor parent chain does full validation. Mechanism not similar to Plasma at all. Instead, looks similar to UTXO pruning work.
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It works, as in there's a demo C library (chjj is a beast!) which does light client name resolution, ssh key exchange works now. Light client via merkelized ommitment to global name state. Mitigates a lot of squatting (but not all) via submitting ownership proofs directly onchain
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Of course, it is experimental now, but can be used to demo real non-monetary usefulness of the blockchain today
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Yaasss so goood~
The 3 anime that I identify with are Steins;Gate, Serial Experiments Lain, and Tengen Toppa Gurren Lagann.
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Lightning on Bitcoin matters a lot wrt decentralized scaling! It is about multiple *potentially complimentary* strategies, and exploring different technical tradeoffs. Work on Plasma can end up being an alternative path to fedpeg sidechains.
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Interesting case of cultural misunderstsnding. Talking to @adam3us he had good intentions and didn't realize what @KwokMilas was implying.
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2/5 Bitcoin may end up not being a payments system (neither on or off chain,) if ETH claims network effects and the window of adoption.
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EXTBLK has mitigations for systemic attacks in LN with exceptionally small code change, it is explained in the specs.
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It is bringing to light differences and othering people. It is completely unnecessary. You could have instead just said "I don't know you"
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You said "China because you seem to have followers and are talking in Chinese?" I don't see how that kind of intent had any relevance.
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Good point, I'll do that in the future. However this isn't the first time this has been an issue in this community.
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Guess we all got trolled. Troll score 11/10 triggered. A+++++ fast delivery would get trolled again.
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NP, Perhaps it is a misunderstanding in context, but this is an underlying current of sensitivity. May be best to not specify in the futute✌
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If it isn't possible to wind down a Bancor contract equitably with partial reserves, I believe the traditional name for that is Ponzi Scheme
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ICO already happened. The ticker symbol is ETH :^)
Srsly though, Plasma is a framework. No ICO, but token projects may use it in the future
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Yeah, it's also not clear to me how they avoid massive slippage. Either they end up constructing a one-way burn or contract creator wins.
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Ahhhh @jimmysong already rated!!! ^_^;
Meet @WeRateBitcoiner: Rates Bitcoiners 11-15 on a scale of 1-10. Says good about everybody except @junseth. Makes people laugh 13/10.
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4/5 It is much more obvious that BTC should do something else if it loses payment system network effects.
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Let's say scalability is sufficiently solved and in 1yr it is implemented with acceptable tradeoffs. What do about long term fee incentives?
19%
Long-term inflation
13%
Constraints on Velocity
31%
Proof of Stake?(limit V?)
37%
Something else
142 votes • Final results
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To be clear, the odds of EXTBLK happening first as the primary solution is low. I'm interested in SW now and more changes later.
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Yes, can see now that you just didn't see his accusation and was just making an answer. 👍 (The good thumbs up, not middle eastern context ;)
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Let's assume a token goes up 100,000x. The construction looks like it would suck up tons of liquidity, at the edges it looks like it breaks.
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It could be a misunderstanding but it increases tension given the context that the community in CN already feels this as an issue.
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Assuming high-value altruistic miners makes the system vulnerable to attack. (May not count for low value miners using excess power?)
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There is also a sunset provision in 4 years. The LN mitigations can be on the main chain with a soft fork, but there is little interest :(
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Either it turns into one-way burn without proper price tracking, or winding down the contracts enriches the creator.
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With central banking, you print more money. Pretty sure that isn't viable here with contract issuers.
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However, he was arguing within the context of the debate (but getting unnecessarily personal), expectations are higher for community leaders
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To be clear, that guy was an asshole and started it. He was clearly in the wrong and a random drive by troll. That is a given.
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