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Stefan Thomas Profile picture
Stefan Thomas
@justmoon
Open-source developer and distributed systems advocate. Co-creator of @Interledger. Founder & CEO at @Coil.
Dec 7, 2022 • 16 tweets • 4 min read
This is a post I've been wanting to write for ten years.

Much of the debate around consensus has been over proof-of-work vs proof-of-stake. But there is an option that is simpler, more robust, and supports in-protocol governance.

contenthub.coil.com/content/an-ele…

🧵👇 1/ PoW issue - energy usage: True, we can minimize the impact by relying on things like stranded energy.

But a waste is a waste.

There are other computing workloads which could be taking advantage of surplus energy such as training ML models.
Jul 19, 2022 • 5 tweets • 1 min read
Good question. Deserves its own post, but here are a few thoughts. 1/🧵

I got into this to scratch my own itch. I think it's ridiculous that I can't send a few cents to my wifi hotspot provider, OSS developer, journalist, Tor exit node, ... as I'm enjoying their services. 2/ The way we solve these problems today is with aggregation.

Put your video on YouTube.
Put your music on Spotify.
Put your movie on Netflix.

Not bashing those companies, I'm glad they exist.

But I just want there to be a peer-to-peer option, too.
Jul 19, 2022 • 14 tweets • 3 min read
Blockchain today is all about hype, no substance. More people are coming to that realization. But I haven't really seen anyone break down *why* and how to close that gap.

What’s preventing both wider adoption and progress towards better architectures? /🧵
contenthub.coil.com/content/blockc… 1/ The blockchain industry resembles BBSes (Bulletin Board Systems) in the 80s.

Closed, complex, and clunky but with a dedicated, enthusiastic following.

How did we get from BBSes to the World Wide Web?
May 14, 2018 • 5 tweets • 4 min read
Excited to launch @Coil_, a new startup building #micropayment applications on #XRP and @Interledger. We're creating a new business model for the web! medium.com/coil/coil-buil…
1/5 As @ethanz said, the web's "original sin" was that it had no built-in monetization so the model that developed on top of it has largely been ad-supported. We've known for a while, and it's been made even clearer recently: Ads are not the answer. 2/5