Gavin Andresen Profile
Gavin Andresen

@gavinandresen

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Trying to keep it simple.

Amherst, MA
Joined May 2010
Don't wanna be here? Send us removal request.
@gavinandresen
Gavin Andresen
7 years
Bitcoin Cash is what I started working on in 2010: a store of value AND means of exchange.
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@gavinandresen
Gavin Andresen
2 years
Hey @coinbase : why do you need three months of bank statements to keep my account open? #invasionofprivacy
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@gavinandresen
Gavin Andresen
4 years
Scaling BTC in three easy steps: 1. Scale ethereum 2. Trustlessy tokenize your BTC 3. Transact using the wrapped tokens on the eth2 chain
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@gavinandresen
Gavin Andresen
5 years
What if taxes were completely voluntary, but the amount you decided to pay was public? Would peer pressure and the desire not to look like a selfish jerk be enough to fund a government?
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@gavinandresen
Gavin Andresen
7 years
I was wrong; stay away from Blockstream, Greg and Samson are toxic trolls.
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@gavinandresen
Gavin Andresen
4 years
I found @CryptoKitties the most interesting cryptocurrency-related project of 2018. @PoolTogether_ the most interesting of 2019. I dunno what I will find interesting in 2020, but it will probably be built on Ethereum.
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@gavinandresen
Gavin Andresen
1 year
I have no idea what this is, but they’re tagging me to try to leverage my reputation for their own gain. So they’re very likely some flavor of scam.
@ZetaMarkets
Zeta Markets | $Z is coming 🔥
1 year
3/ Trade the apex predator cryptoasset with up to 15x maintenance margin at ♾️ cc @saylor @adam3us @Excellion @pwuille @gavinandresen @theinstagibbs @achow101
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@gavinandresen
Gavin Andresen
6 years
I bet the half-shredded Banksy sells for more than $5million
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@gavinandresen
Gavin Andresen
6 years
I like to think the markets will eventually abandon tech-train-wreck coins (like iota). I also like to think ice cream is good for me.
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@gavinandresen
Gavin Andresen
5 years
Does anybody wake up in the morning and think “I’d like politicians and bureaucrats to have more control over my life?”
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@gavinandresen
Gavin Andresen
5 years
I bet people said: “A painter can create a MUCH higher quality image in a fraction of the time; photography will never take off!!!”
@Rainmaker1973
Massimo
5 years
This is the oldest surviving camera photograph. It was taken in 1826 and took 8 hours of exposure
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@gavinandresen
Gavin Andresen
6 years
I’d be much happier paying taxes if they were trivial to calculate and I could decide which departments got the money.
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@gavinandresen
Gavin Andresen
6 years
If people thought I had a lot of crypto-assets I’d be very tempted to publicly state I sold them all, whether I did or not. P.S. : I sold all of my crypto-assets.
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@gavinandresen
Gavin Andresen
7 years
Early bitcoin devs luckily picked the right project at the right time. None are irreplaceable, bitcoin will succeed with or without us.
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@gavinandresen
Gavin Andresen
7 years
Good people will praise folks they disagree with. Toxic people never do.
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@gavinandresen
Gavin Andresen
6 years
Just heard from another merchant adding BCH. I think we’ll see a wave of “dropping BTC, customer support costs too high” within six months. I might be wrong. And even if I’m right it might have negligible effect on short term BTC/BCH prices.
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@gavinandresen
Gavin Andresen
6 years
Right now, there are over 1MB of BTC transactions paying a fee of more than 1,000 satoshis/byte waiting for confirmation. So next-block-or-two confirmation for a median-size transaction will cost you about $38.
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@gavinandresen
Gavin Andresen
2 years
They decided they had enough information about me, case closed. But I still don’t know why they wanted bank statements (I know “kyc” but do they really need to know three months of details in my personal banking activity?)
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@gavinandresen
Gavin Andresen
5 years
What is better than "be your own bank"? Be everybody's bank. I've been pleasantly surprised at the ease of use of Coinbase Wallet + + #DeFi
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@gavinandresen
Gavin Andresen
6 years
The world would be a better place if people let go of their egos and stopped worrying about who came up with an idea first. Academics, I’m looking at you....
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@gavinandresen
Gavin Andresen
6 years
Censorship-resistant, open-protocol Twitter? Sounds good to me! (BUT READ THEIR DISCLAIMER!)
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@gavinandresen
Gavin Andresen
5 years
I think everybody should feel OK about spending a little money on stupid shit. But if you have lots and you’re not using most of it to try to make the world better you should feel ashamed.
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@gavinandresen
Gavin Andresen
4 years
Satoshi might turn out to be wrong about this. In ten years BTC could be a niche coin for gold bugs, with about the same transaction volume as today.
@Bitcoin
Bitcoin
4 years
"I'm sure that in 20 years there will either be very large transaction volume or no volume." - Satoshi Nakamoto
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@gavinandresen
Gavin Andresen
6 years
Who owns the word ‘Dollar’ ?
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@gavinandresen
Gavin Andresen
6 years
I just realized I have: bought, sold, earned, spent, given, received, lost, destroyed, had stolen and mined bitcoins.
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@gavinandresen
Gavin Andresen
4 years
“We broke the attack-net and discovered a 9-year-old bug in the Go standard library” is a very positive sign. As is the stream of updates showing consistent forward progress; kudos to everybody working on eth2.
@benjaminion_xyz
Ben Edgington
4 years
The latest What's New in Eth2 is ready for y'all! 🚀 Medalla testnet 🤓 Cryptography 🤯 Great explainers 🎉 EDCON And so much more! All in the usual place:
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@gavinandresen
Gavin Andresen
7 years
Techies seem to be eternally surprised and disappointed that the most sophisticated tech doesn't always win.
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@gavinandresen
Gavin Andresen
6 years
@MrChrisEllis I thought Ethereum was over-ambitious and would be vaporware. I was wrong.
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@gavinandresen
Gavin Andresen
10 years
I'm disappointed Newsweek decided to dox the Nakamoto family, and regret talking to Leah.
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@gavinandresen
Gavin Andresen
4 years
I have a joke about banks, but I need to see two forms of ID before I tell it to you.
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@gavinandresen
Gavin Andresen
4 years
@gladstein More plausible: btc was hijacked by a corporation named Blockstream, by hiring key developers and heavily censoring discussions. But I don’t believe either of those narratives; it is sad the community split into spiteful, warring factions.
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@gavinandresen
Gavin Andresen
6 years
Today is the final settlement date for CBOE ‘XBT/F8’ futures.
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@gavinandresen
Gavin Andresen
4 years
So... lightning will be ready for mere mortals in 2022?
@jfnewbery
John Newbery
4 years
Taken together, those technologies will make channel and liquidity management much easier. They'll be automated, fade into the background and user experience will improve drastically.
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@gavinandresen
Gavin Andresen
7 years
Software folks tend to forget the ‘hardware is cheap; people are expensive’ rule of thumb.
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@gavinandresen
Gavin Andresen
6 years
I hope some Tether person writes up an insider’s description of what is happening behind the scenes right now as the peg fails; I’m sure there are lessons other “stablecoins” can learn.
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@gavinandresen
Gavin Andresen
4 years
Ummm... if this happens I’m definitely living in a simulation.
@gavinandresen
Gavin Andresen
4 years
I had a weird dream where Trump died of coronavirus but still got re-elected.
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@gavinandresen
Gavin Andresen
7 years
Next BTC drama: watch the 'never hard fork without unanimity' folks justify an 'emergency' difficulty- or POW-change hard fork.
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@gavinandresen
Gavin Andresen
6 years
It is a bad idea to make security-critical software more complex so it is optimized for non-existent hardware. Actually, it is usually a bad idea to make security-critical software more complex, period.
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@gavinandresen
Gavin Andresen
6 years
“Each pair of socks is 50BTC...”
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@gavinandresen
Gavin Andresen
4 years
I think there is a reasonably good chance in five years there are more wrapped-BTC transactions on another chain than main-BTC-chain txs+lightning transactions.
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@gavinandresen
Gavin Andresen
8 years
Ethereum has more nodes today than Bitcoin. Prediction: it's lead will grow even as its blockchain size exceeds bitcoin's.
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@gavinandresen
Gavin Andresen
6 years
@Bitcoin Maybe 18 more months. A year or three ago I was ridiculed for predicting it would take until at least 2020 for Lightning to be user-friendly and secure; it is an order of magnitude more complex than Bitcoin.
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@gavinandresen
Gavin Andresen
5 years
I donated blood today; yay me! (I usually avoid bragging, but there is some research that bragging about altruism helps inspires others to be altruistic)
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@gavinandresen
Gavin Andresen
7 years
Proof of work is Bitcoin's consensus mechanism. If you want to change it, knock yourself out, but be honest about what you're trying to do.
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@gavinandresen
Gavin Andresen
6 years
Judge teams creating software by how they handle serious bugs. Are they fixed reasonably quickly? Is the problem communicated clearly? And do they release a public post-mortem reflecting on what went wrong and what will be done better next time?
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@gavinandresen
Gavin Andresen
7 years
The plan was always on-chain for everything except sub-penny micropayments.
@CharlieShrem
Charlie Shrem
7 years
Those claiming to "follow Satoshi's vision" ignore that even he said #Bitcoin wasn't practical for cup of coffee on-chain. 2nd layer #SegWit
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@gavinandresen
Gavin Andresen
6 years
Feels like we’re in another summer slump for cryptoassets (Mike Hearn wrote about the pattern three years ago: )
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@gavinandresen
Gavin Andresen
8 years
Today I'm thinking: @aantonop is a very wise man. And: "we are all Satoshi" is such a lovely idea; might say "yes" when asked "are you?"
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@gavinandresen
Gavin Andresen
6 years
Yes, even BTC.
@VitalikButerin
vitalik.eth
6 years
Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.
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@gavinandresen
Gavin Andresen
7 years
@starkness @zaoyang ETH has 80% of BTC volume and is scaling with little drama. BTC's scaling 'problem' is due to a few 'we know what's best' devs
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@gavinandresen
Gavin Andresen
6 years
@eric_lombrozo Ethereum processes more tx. Has lower fees. And more p2p nodes. What will it take to convince you more scale means more decentralization?
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@gavinandresen
Gavin Andresen
4 years
Many lefties seem to think “you’re a bad person if you have a lot.” Many righties seem to think “you’re a good person if you have a lot.” I think people should be judged by what they do with what they have.
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@gavinandresen
Gavin Andresen
5 years
@adam3us We should denounce lack of transparency, lying, and breaking promises when we see those things happening. I haven’t been paying close attention, but it seems to me Bitfinex and Tether have not been open and honest stewards of other people’s money.
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@gavinandresen
Gavin Andresen
4 years
I had a weird dream where Trump died of coronavirus but still got re-elected.
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@gavinandresen
Gavin Andresen
6 years
I’m surprised the IRS tax return databases haven’t been hacked/leaked yet. Maybe a hidden benefit of using ancient, outdated tech?
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@gavinandresen
Gavin Andresen
7 years
Bitcoin Cash mining difficulty resets tomorrow. Will be fascinating to watch over the next few days.
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@gavinandresen
Gavin Andresen
7 years
I predict Lightning Network will be highly centralized in practice (big hubs at wallets/exchanges will dominate). I'm ok with that, too.
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@gavinandresen
Gavin Andresen
6 years
As facial recognition becomes more ubiquitous it seems likely veils will become fashionable. Maybe celebrities trying to avoid paparazzi drones will be the early adopters.
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@gavinandresen
Gavin Andresen
3 years
You must invest 32 ETH ($50,000) to be an ethereum 2.0 validator. Seems reasonable to me to pay for a beefy machine with a couple terabytes of memory to validate ethereum 1.0.
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@gavinandresen
Gavin Andresen
3 years
If your system relies on having “the right people” in charge to function properly then you need to fix your system. Design your systems so bad people will benefit if they do good things.
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@gavinandresen
Gavin Andresen
7 years
If you feel disempowered because bad people are in charge, maybe the problem is the system that gives those people power over your life.
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@gavinandresen
Gavin Andresen
6 years
I’m an immigrant.
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@gavinandresen
Gavin Andresen
6 years
I’ll be criticized for tweeting this link:
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@gavinandresen
Gavin Andresen
7 years
Run Bitcoin Unlimited. It is a viable, practical solution to destructive transaction congestion.
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@gavinandresen
Gavin Andresen
7 years
I'm proud to be part of the 99+% not running a full node. Zero reason for me to waste bandwidth monitoring other people's transactions.
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@gavinandresen
Gavin Andresen
6 years
Bitcoin Core is still terrible at communication. Nothing but minor release announcements since August: (Compare with for example)
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@gavinandresen
Gavin Andresen
8 years
I wish our brains were better at separating "I disapprove" from "Untrue" And our hearts were better at loving people who tell hard truths
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@gavinandresen
Gavin Andresen
2 years
Zooko was absolutely right. Bitcoin has been extremely robust (“what if China bans mining” is the latest example)
@zooko
zooko🛡🦓🦓🦓 ⓩ
11 years
@gavinandresen Mark my words, it will be useful many times in the future to say "Actually that happened and Bitcoin didn't collapse."
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@gavinandresen
Gavin Andresen
5 years
Voting is overrated.
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@gavinandresen
Gavin Andresen
4 years
Mainstream media is still about a week behind, talking about testing when they should be focusing on hospital capacity, social distancing measures and what to do when you get sick.
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@gavinandresen
Gavin Andresen
7 years
I'm happy to see segwit gaining popularity, and hope it gets adopted to solve transaction malleability and enable advanced use cases.
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@gavinandresen
Gavin Andresen
7 years
Nobody's perfect, so let's create monuments to great ideas and not people.
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@gavinandresen
Gavin Andresen
6 years
Website idea: “Should I move it?” Enter amount of BTC on an exchange, and estimated risk exchange will disappear. Get advice on whether it makes economic sense to move funds off the exchange, based on current tx fees.
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@gavinandresen
Gavin Andresen
5 years
I’m happy to see news organizations declining to name mass shooters. I’ll be unfollowing/muting anybody who does refer to them by name.
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@gavinandresen
Gavin Andresen
5 years
Some people like lots of drama in their life. I sometimes think I want to be one of those people, but I’m pretty sure I’m too lazy to make that work.
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@gavinandresen
Gavin Andresen
6 years
So meltdown/spectre patches make systems slower. So more CPUs needed to handle existing workload. So... higher sales/profits for Intel/ARM?
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@gavinandresen
Gavin Andresen
7 years
Excellent ‘un-governance governance’ document from @Falkvinge
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@gavinandresen
Gavin Andresen
5 years
If you find yourself working around wonky code written to workaround an issue with some ancient code... it is time to refactor. The same applies to design; don’t build fragile towers of complexity.
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@gavinandresen
Gavin Andresen
7 years
One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
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@gavinandresen
Gavin Andresen
3 years
Money laundering is the opposite of tax evasion. The goal of laundering is to have a legitimate-looking stream of income, and a big part of looking legit is paying all the taxes.
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@gavinandresen
Gavin Andresen
6 years
Sometimes I’m dumb. Sometimes I pretend to be dumb. Sometimes I pretend I was pretending; plausible deniability!
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@gavinandresen
Gavin Andresen
5 years
Is there a political party somewhere in the world with a platform of making government simpler? Can we convince Marie Kondo to start one? “We must repeal laws unless they spark joy....”
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@gavinandresen
Gavin Andresen
6 years
I love this: self-organized “we’re gonna figure out how well this ACTUALLY works” testing.
@mindstatex
✨Reina Nakamoto✨ 🕊🐭
6 years
@davecraige Use Bitcoin Cash: We tested escrowed micropayments out of our multisig wallet. it took about 10 seconds for me to receive the payment proposal, 2 sec to confirm it, waited for the broadcast, it got to @haydentiff in a few seconds. Here you can see at least 4 transactions per min
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@gavinandresen
Gavin Andresen
8 years
Let's stop making tempests in teapots; who has commit access is not important (we have gitian). Stop bashing @orionwl
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@gavinandresen
Gavin Andresen
7 years
Blockstream's satellite thingy is highly centralized. I'm ok with that, you can start your own satellite thing if you like.
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@gavinandresen
Gavin Andresen
6 years
Ask a programmer “what’s the first number” they’ll probably say zero. We’re weird that way.
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@gavinandresen
Gavin Andresen
3 years
There’s a devil in the details of the El Salvador bitcoin story.
@GeorgeSelgin
George Selgin
3 years
Thread: Bukele's Bitcoin legislation is certainly a win for Bitcoin. But is it a win for freedom?
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@gavinandresen
Gavin Andresen
6 years
I think the biggest downside of PoS is how to distribute the tokens fairly (or, equivalently, who are the initial stakers?)
@crainbf
Brian Fabian Crain
6 years
16/ The biggest downside of PoS is that it is more complicated than PoW and less battle-tested. So it will take a few years of experimentation to get this right. But many high-quality PoS projects are about to launch.
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@gavinandresen
Gavin Andresen
6 years
@el33th4xor @Falkvinge Or maybe think about a process for deciding technical changes, regardless of who proposes them.
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@gavinandresen
Gavin Andresen
11 years
Happy Halving Day everybody! #bitcoin
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@gavinandresen
Gavin Andresen
7 years
It's not ok for Ethereum to change their rules to undo a theft, but it is ok for Bitcoin to change the rules to prevent an optimization?
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@gavinandresen
Gavin Andresen
4 years
@gladstein segwit without 2mb happened because some big miners decided to go with Luke/Greg/blockstream. Full nodes had very little to do with it; all of the ‘UASF’ talk was just a giant FUD smokescreen, in my humble opinion. But you don’t care what I think...
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@gavinandresen
Gavin Andresen
7 years
Running BU is saying 'I'm ready for bigger blocks whenever there is wide consensus for bigger blocks' Not 'let's fork ASAP'
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