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bitcoiner
@AnselLindner
, 3 tweets, 1 min read Read on Twitter
Packet switching is the technology behind internet.
#Blockchain
Internet maximalists are toxic. There will obviously be multiple global packet switching standards.
#blockchain
The key to scaling global packet switching networks is right governence model.
#blockchain
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More from @AnselLindner see all

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bitcoiner
@AnselLindner
A little economic comment on this mind-blowing hack with DNA.
I've always been uneasy about the price tag associated with these tests being so low. $50 US to sequence your DNA is uncorfartably cheap. They must be making money elsewhere.
As it turns out, they are. And this is the one we know about for sure, it's likely all are doing similar or worse things.
technologyreview.com/the-download/6…
Read 8 tweets
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bitcoiner
@AnselLindner
Comparing lightning network to a base layer consensus mechanism is ignorant.

Proof of stake has been debunked many times over. Quick thread.
Really simply, proof of work incurs real world cost in energy to root security and incentives, while PoS doesn't. 1/
2/ PoS is a perpetual motion machine.

Money is not a shared illusion. It's a shared observation. We observe a thing is scarce and secure as it withstands attacks and remains robust and unaltered.

Perpetual motion machines are *not* Byzantine Fault Tolerant btw.
Read 7 tweets
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bitcoiner 🔑
@AnselLindner
A real "dApp" is a very rare thing. So rare they can easily have their own names, like Bitcoin and Lightning Network.
As a idea, apps that label themselves dapps, is pretty funny.
Mainly, they call themselves dapps to excuse their lack of users and to confuse their investors. There are no dapps on ethereum, except maybe the erc20 contract itself I guess.
Read 3 tweets

Related threads

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Dr Anna Jerzewska
@AnnaJerzewska
One of the perks of being at @ITCnews is being able to take part in discussions like this: @wto Emmanuelle Ganne author of the new book on #blockchain and international trade. Made me think of how it is/could be implemented for customs. /1
So many successful initiatives and pilots in this space. With the latest one announced over the weekend by IBM - shipment of oranges with electronic bill of lading. /2
Cases where letters of credit were reduced from 5 days to 1 (with Voltron doing some interesting things here) /3
ledgerinsights.com/blockchain-let…
Read 11 tweets
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Matthew Willemsen
@mwill_crypto
0/ We're currently tracking at 40°C (104℉) here in #Melbourne, yet even that pales in comparison to the heat we're seeing in the #crypto/#blockchain space over the past ~24 hours.

What a day! Below are 22 developments that caught my eye.
1/ 🍑 Prominent full-service #blockchain technology co. @BitfuryGroup today announced a #Bitcoin #LightningNetwork-oriented product bundle called @Lightning_Peach.

Consumers, merchants, developers; there's LN-enabled solutions for all! Read more below. medium.com/meetbitfury/bi…
2/ 💡 After 18 months in stealth, San Francisco-based #crypto custody provider @Anchorage is live with its first product. They're building the first-ever crypto-native custodian!

Last year's a16z-led $17M Series A featured @Naval, @EladGil and @MLevchin. medium.com/anchorage/intr…
Read 23 tweets
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Joseph Lubin
@ethereumJoseph
#Blockchain is more than a market. It’s a movement.
Market cap doesn't reflect activity. Decentralized networks are growing.

-10B+ daily API requests served by @infura_io
-1M+ @trufflesuite downloads
-1M+ @metamask_io downloads
-12K+ live @Ethereum nodes
-48M+ unique #Ethereum addresses
-3x @LinkedIn #blockchain job openings
Blockchains are solving real-world problems. Governments get it.

-Israel’s encrypted messaging system
-Estonia’s electronic healthcare record trials
-Dubai’s 2020 initiative
-South Africa Reserve Bank’s @goquorum trial
-Japan’s e-voting system
-Zug @uport_me IDs + crypto ATMs
Read 20 tweets
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⚠️bitcoin-dot-com is fraudulent⚠️ Brand7
@The1Brand7
Thread: 1/

"#Blockchain is the technology behind #bitcoin"

..is a phrase you'll often hear from the mainstream media..

But if you're attempting to understand DIGITAL SCARCITY through the act of studying "blockchain technology"

..you're probably having a hard time..
2/
 This is because the word "#blockchain" has become a popular buzz-word in numerous marketing campaigns..

But most of the companies who brag about their involvement in "blockchain" have deliberately avoided the main ingredients that enables digital scarcity...
3/
 To understand digital scarcity one must focus on 3 specific elements that are all inherent parts of #bitcoin...
Read 19 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
1/n. McKinsey on #Blockchain's strategic value.

- It doesn't have to be a disintermediator to generate value. This encourages permissioned commercial applications.
- It's short-term value will be predominantly in reducing cost.
- It's 3-5 years away from feasibility at scale.
2/n. Blockchain’s core advantages are decentralization, cryptographic security, transparency, and immutability. It allows information to be verified and value to be exchanged without having to rely on a third-party authority.
3/n. Five common blockchain myths.
Read 22 tweets
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Ｔａｙｌｏｒ Ｒｉｃｈｅｙ
@TheTaylorRichey
In a malicious manner, @Comcast did TCP reset attacks on their own customers. Third party telecommunications packet sequences were intercepted, then tampered with. After intercepting third party data, Comcast forged packets, then injected said forged packets into the
original data sequence. Their injected packet was an automatic TCP reset packet. It was injected at the beginning of third-party packet sequences. After injected the @Comcast packet was then analyzed by Comcast's customer’s firewalls.
Said injected @Comcast packets were then the sole reason why Comcast provided firewalls denied other following lawful third party packet sequences. RST reset packets instantly kill the TCP connection. So as soon as their customers received the first COMCAST INJECTED
Read 14 tweets

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