@naval @desantis @venturehacks In many cases you really are investing based upon the people behind the project rather than the tech.
@LaurentMT …for now. Could very well just be due to inefficiency of voluntary governance system. 😬
11) You don’t understand Bitcoin, and that’s OK — neither does anyone else. Let’s blaze this trail together! https://t.co/cQOoxEYnAF
10) To achieve the Tao of Bitcoin you must accept that Bitcoin’s very nature is outside of your control. https://t.co/N8Fo6KUtJx
9) Bitcoin’s strength comes not from dogmatic beliefs in immutability, decentralization, etc, but from collaboration https://t.co/Cfpa5H42jr
8) Humans look to leaders to guide them through complex issues, thus politicization of Bitcoin changes has led to community fracturing.
7) Bitcoin is voluntarism in practice; it’s frustrating to people used to more efficient command & control systems. https://t.co/KqI80xS5To
6) The “invisible hand†guiding human consensus can’t be defined / predicted / understood; it simply is what it is. https://t.co/N8Fo6KUtJx
5) There is no technical aspect of the Bitcoin protocol that can’t be changed if there is sufficient human consensus to do so.
4) Even Satoshi didn’t fully understand Bitcoin. Many mistakes were made and lessons were learned - sometimes the hard way.
3) Bitcoin can’t be fully understood b/c it’s not just a technology; it’s a technology that represents something even less tangible.
2) In my discussions w/”Bitcoin experts” there’s consensus that none of us fully understand every aspect of Bitcoin. https://t.co/Fkc48cY0w3
1) Distilling 10 pages of “Nobody Understands Bitcoin†into 10 tweets: https://t.co/6NOGTmjibE
@Itnom I think so, and while that could be a long-term concern, the short-term power balance is more affected by who operates equipment.
@altcoinsking @VinnyLingham @ThisIsNuse I think Vinny’s point is that it’s a free market until it isn’t.
When even Namecoin is up 150% overnight, you know something’s fishy. https://t.co/zu0TZDiKvE https://t.co/A6tW3DbrFm
@VinnyLingham Ah yes, there has been quite a lot of that recently… I suspect the dumps will be epic.
@VinnyLingham Are you referring to chain forks? What could regulators possibly do to control them?
@davidmarkclem You can read about it here https://t.co/w3n2kh6yWE
Block explorers could save Bitcoin industry folks a lot of grief by classifying malleated txns as such rather than as “double spends.”
@marco_giglio It’s not perfect, but it’s the best measurement we have.
My December 2015 prediction that mining will continue to decentralize appears to be holding true.… https://t.co/jawq2aHYZe
Congratulations to @bcoinio & @_chjj on the first mainnet block mined with bcoin. Quite the milestone! https://t.co/xwrUpKEdHr
The combined market cap for cryptographic assets is at an all-time high! coinmarketcap.com/charts/ pic.twitter.com/pzMukuiGbU