Jameson Lopp

A look at the Moderator - Censorship spectrum [0]. > Imagine a forum / Reddit-style social site that has no owners, no administrators, no entrenched authoritarian moderators. Imagine if the power was shifted back to the individual users, who could hire and fire personal “moderators” (content curators) to best guide discussions in the way that the user found to be valuable. Personally I still think the StackOverflow notion of moderator elections is the most transparent way of doing it. It's still not perfect, but I think as far as transparency goes it's the best that I've found. [0]: https://medium.com/@lopp/moderation-methods-vs-censorship-claims-f6bae…

> Bitcoin's only real-world use case is illicit goods. You have a lot to learn; I recommend starting here: https://medium.com/@lopp/the-multifaceted-nature-of-bitcoin-94d79c95b9… A deeper dive here: https://www.youtube.com/watch?v=IgETC2JMUBI

Jameson Lopp thoughts on Libra “Blockchain” https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372 Covers: Abstract Introduction Logical Data Model Executing Transactions Authenticated Data Structures and Storage Byzantine Fault Tolerant Consensus Networking Libra Core Implementation Performance Implementing Libra Ecosystem Policies with Move Governance,AML/KYC,fees,capacity,open to developers?

It doesn't even do its job: https://medium.com/@lopp/metal-bitcoin-seed-storage-stress-test-21f47c…

Anyone thinking of building anything on Ethereum should probably read and comprehend this recent blog post from the folks at BitGo: https://medium.com/@lopp/the-challenges-of-building-ethereum-infrastru… There are many nasty subtleties and hidden traps they learned the hard way that aren't obvious.

Actual disk-storage-use* data here: https://anduck.net/bitcoincore_vs_geth_full_node_stats.png Ethereum's blockchain has a growth rate 2X bitcoin's. If it continues to grow at this pace, it'll eclipse 1 TB in size in 2018. If you aren't verifying the blockchain that you're reading and writing to, then you're using a trusted third party. If you're using a trusted third party, why are you even using a blockchain to begin with? Even BitGo, a commercial payment company, has trouble maintaining datacenter servers that can keep up with the io demands of running an Ethereum node. [1] Doesn't bode well for the long-term viability of ethereum. Bitcoin's philosophy has been, rather than broadcast every single state update to every single network participant (an unscalable network design approach[2]) [1] The Challenges of Building Ethereum Infrastructure https://medium.com/@lopp/the-challenges-of-building-ethereum-infrastru… [2] Lightning Network enables Unicast Transactions in Bitcoin. Lightning is Bitcoin’s TCP/IP stack. https://medium.com/@melik_87377/lightning-network-enables-unicast-tran… *Storage is only one part of the scaling engineering issues. Also important is the CPU and time requirements to keep a blockchain node synced.