Joseph Poon Profile
Joseph Poon

@jcp

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@warpdex contributor

Antarctica
Joined March 2007
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@jcp
Joseph Poon
6 years
While many of us care a lot about decentralization, that isn't how we should pitch it. For most, decentralization is the means, the ends is mass coordination and agreement. Scalability is how we are going to get there and for that reason I am also deeply focused on Plasma on ETH
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@jcp
Joseph Poon
7 years
Scaling Ethereum paper, a possible way forward for cost-efficient decentralized applications and the world computer.
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@jcp
Joseph Poon
6 years
I'm contributing to a new Decentralized CA and naming project with a bunch of friends. The goal is to replace the Certificate Authority system entirely and to not have that annoying SSH fingerprint question.
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@jcp
Joseph Poon
7 years
We need to improve the culture of cryptocurrencies RIGHT NOW. As crypto gets big, we are spreading out this culture to the wider world.
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@jcp
Joseph Poon
6 years
The confrontation at the conference should not be seen as a normal response to disagreements in the crypto ecosystem. It was an extremely strong response to extreme, intentional deception. True, respectful disagreements of philosophy should be celebrated.
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@jcp
Joseph Poon
7 years
Reality is just getting weirder and weirder.
@dennisrodman
Dennis Rodman
7 years
Headed back to North Korea. Thank you for sponsoring my mission. I'll discuss when I return.
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@jcp
Joseph Poon
6 months
👀
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@jcp
Joseph Poon
6 years
Both @Excellion summarizing his views on Bitcoin Core's position and @rogerkver emphatically presenting his concerns on LN&BTC should be seen as an example of (mostly) respectful discourse. It's important to recognize that honest, respectful disagreements are preferred.
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@jcp
Joseph Poon
7 years
The money people/culture entering is nothing compared to the existing toxic culture and team sports politics. We can and will do better.
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@jcp
Joseph Poon
7 years
Coins secured by Proof of Work are currently hydroelectric currencies. They will eventually be solar currencies.
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@jcp
Joseph Poon
7 years
@VitalikButerin YAASSS. This works even better and may be more secure /w Ethereum sharding. Could be an interesting testbed for sharding strategies as well.
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@jcp
Joseph Poon
7 years
@deadalnix Article has errors, I'm an advisor on that project. Didn't leave Bitcoin, but spending time only on ETH until the toxicity dies down.
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@jcp
Joseph Poon
6 years
Certificate Authorities and DNS are the foundation in which all of the internet services stand upon. The green lock icon in your browser may not be as secure as you think, there have been many known security failures (see DigiNotar in 2011).
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@jcp
Joseph Poon
7 years
Lack of talent relative to demand is the biggest damper in this stuff getting big, developer education for those getting in now is limited.
@cburniske
Chris Burniske
7 years
1/ Bickering about whether #cryptoassets are in a bubble misses the point. The key is everyone is watching now & talent is flooding in
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@jcp
Joseph Poon
7 years
Closed enterprise blockchains narrative is a dead-end. Companies can solve coordination problems /w others using interlinked open chains.
@bobanetwork
Boba Network 🧋
7 years
DRAFT RELEASE: "OmiseGO Decentralized Exchange and Payments Platform", #whitepaper by @jcp Joseph Poon #ethereum
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@jcp
Joseph Poon
6 years
Don't mean to be too preachy about it; there were lots of discussions after the event with how to positively handle these types of situations in crypto.
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@jcp
Joseph Poon
7 years
@neha
Neha Narula
7 years
We found and disclosed a security vulnerability in #IOTA , a $2B cryptocurrency. #mitdci
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@jcp
Joseph Poon
6 years
@PeterRizun People said I should crash the party, I heard there was a big focus and discussions on LN, but got trapped by the Japanese snacks.
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@jcp
Joseph Poon
6 years
The ssh client can verify that the name record matches the server's pubkey record, it's working on the testnet blockchain now (it's experimental though, but has SPV too!).
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@jcp
Joseph Poon
7 years
Agreed, tokens are very much in an exploratory/research stage technically right now and may have high failure rate like all emerging tech.
@cburniske
Chris Burniske
7 years
@storjproject @RSKsmart 7/ So investing in $ETH is a bet on tokens longer term & while I'm bullish on #Ethereum I do believe the vast majority of tokens will falter
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@jcp
Joseph Poon
7 years
@HeWhoWaitsFails @VitalikButerin No changes are necessary to get this up and running (after significant development and testing), but further optimizations are possible.
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@jcp
Joseph Poon
7 years
5/5 Without the network effects, field opens up. BTC's competition may be zcash and monero long term. Developer talent is BTC's biggest moat
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@jcp
Joseph Poon
8 years
We are focused on building positive collaboration/change across the #Bitcoin ecosystem. Milan #LN Gathering notes:
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc I don't know how to interpret this thread other than it being outright racist. I don't see why Adam brought up the fact that he was Chinese.
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@jcp
Joseph Poon
7 years
1/5 The most interesting result of the flippening may be that in the Bitcoin scaling debate, Core's position is far more likely to win
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@jcp
Joseph Poon
6 years
@bosstiat Different. Let's Encrypt does awesome work, but uses the existing CA infrastructure and it's trust models. This is an experimental decentralized naming chain and builds upon the fantastic work by Namecoin, ENS, and Blockstack.
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@jcp
Joseph Poon
7 years
Interesting that some are now giving the Chinese name for BCC as 比特钞,looks like a totally different coin that way.
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@jcp
Joseph Poon
7 years
Link to @tdryja 's paper is here:
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@jcp
Joseph Poon
7 years
@rubicon59 Not a token! But it can be the foundation for the technical design /w token projects. ERC20 tokens can be bonded & used to secure Plasma PoS
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@jcp
Joseph Poon
7 years
@VitalikButerin @DamelonBCWS @ArdorPlatform Plasma's novelty is around information withholding and mitigations. TXO Commitments is very useful, but doesn't give computational scaling.
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@jcp
Joseph Poon
7 years
Economic 51% attacks on solar currencies is harder, as attackers must outcompete people mining on free electricity or is otherwise worthless
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@jcp
Joseph Poon
7 years
This. Crypto is experimental. May not be possible to diversify either. Assume high covariance and inapplicability of Fama&French models.
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@jcp
Joseph Poon
7 years
3/5 Post flippening, BTC has greater impetus to be a niche slow currency optimized for size/fungibility/portability.
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc What does being Chinese or tweeting in Chinese have any relevance whatsoever?
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@jcp
Joseph Poon
7 years
@VitalikButerin @DamelonBCWS @ArdorPlatform It looks like Ardor parent chain does full validation. Mechanism not similar to Plasma at all. Instead, looks similar to UTXO pruning work.
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@jcp
Joseph Poon
6 years
@homakov It works, as in there's a demo C library (chjj is a beast!) which does light client name resolution, ssh key exchange works now. Light client via merkelized ommitment to global name state. Mitigates a lot of squatting (but not all) via submitting ownership proofs directly onchain
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@jcp
Joseph Poon
6 years
@homakov Of course, it is experimental now, but can be used to demo real non-monetary usefulness of the blockchain today
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@jcp
Joseph Poon
7 years
@Steven_McKie Yaasss so goood~ The 3 anime that I identify with are Steins;Gate, Serial Experiments Lain, and Tengen Toppa Gurren Lagann.
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@jcp
Joseph Poon
6 years
@DeaterBob Lightning on Bitcoin matters a lot wrt decentralized scaling! It is about multiple *potentially complimentary* strategies, and exploring different technical tradeoffs. Work on Plasma can end up being an alternative path to fedpeg sidechains.
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@jcp
Joseph Poon
7 years
Interesting case of cultural misunderstsnding. Talking to @adam3us he had good intentions and didn't realize what @KwokMilas was implying.
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@jcp
Joseph Poon
7 years
2/5 Bitcoin may end up not being a payments system (neither on or off chain,) if ETH claims network effects and the window of adoption.
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@jcp
Joseph Poon
7 years
@hrdng @Yoboots1 @LukeDashjr @adam3us @AlpacaSW @TuurDemeester EXTBLK has mitigations for systemic attacks in LN with exceptionally small code change, it is explained in the specs.
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@jcp
Joseph Poon
7 years
@ililic Physical block validation
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc It is bringing to light differences and othering people. It is completely unnecessary. You could have instead just said "I don't know you"
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc You said "China because you seem to have followers and are talking in Chinese?" I don't see how that kind of intent had any relevance.
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@jcp
Joseph Poon
7 years
@pa49 @adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc Good point, I'll do that in the future. However this isn't the first time this has been an issue in this community.
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@jcp
Joseph Poon
7 years
@taoeffect @adam3us @KwokMilas Guess we all got trolled. Troll score 11/10 triggered. A+++++ fast delivery would get trolled again.
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc NP, Perhaps it is a misunderstanding in context, but this is an underlying current of sensitivity. May be best to not specify in the futute✌
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@jcp
Joseph Poon
7 years
@el33th4xor If it isn't possible to wind down a Bancor contract equitably with partial reserves, I believe the traditional name for that is Ponzi Scheme
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@jcp
Joseph Poon
7 years
@Hubert_Mora ICO already happened. The ticker symbol is ETH :^) Srsly though, Plasma is a framework. No ICO, but token projects may use it in the future
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@jcp
Joseph Poon
7 years
@el33th4xor Yeah, it's also not clear to me how they avoid massive slippage. Either they end up constructing a one-way burn or contract creator wins.
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@jcp
Joseph Poon
7 years
@WeRateBitcoiner Ahhhh @jimmysong already rated!!! ^_^;
@jimmysong
Jimmy Song (송재준)
7 years
Meet @WeRateBitcoiner : Rates Bitcoiners 11-15 on a scale of 1-10. Says good about everybody except @junseth . Makes people laugh 13/10.
Tweet media one
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@jcp
Joseph Poon
7 years
4/5 It is much more obvious that BTC should do something else if it loses payment system network effects.
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@jcp
Joseph Poon
7 years
Let's say scalability is sufficiently solved and in 1yr it is implemented with acceptable tradeoffs. What do about long term fee incentives?
Long-term inflation
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Proof of Stake?(limit V?)
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Something else
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@jcp
Joseph Poon
7 years
@hrdng @Yoboots1 @LukeDashjr @adam3us @AlpacaSW @TuurDemeester To be clear, the odds of EXTBLK happening first as the primary solution is low. I'm interested in SW now and more changes later.
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@jcp
Joseph Poon
7 years
@el33th4xor Can they even wind down their contracts, or is it just a money pit forever?
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas Yes, can see now that you just didn't see his accusation and was just making an answer. 👍 (The good thumbs up, not middle eastern context ;)
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@jcp
Joseph Poon
7 years
@el33th4xor Let's assume a token goes up 100,000x. The construction looks like it would suck up tons of liquidity, at the edges it looks like it breaks.
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@jcp
Joseph Poon
7 years
@adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc It could be a misunderstanding but it increases tension given the context that the community in CN already feels this as an issue.
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@jcp
Joseph Poon
7 years
@MashuriBC @francispouliot_ Assuming high-value altruistic miners makes the system vulnerable to attack. (May not count for low value miners using excess power?)
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@jcp
Joseph Poon
11 years
AT comic #13 goes cyberpunk http://t.co/cXJvutQVWX
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@jcp
Joseph Poon
7 years
@hrdng @Yoboots1 @LukeDashjr @adam3us @AlpacaSW @TuurDemeester There is also a sunset provision in 4 years. The LN mitigations can be on the main chain with a soft fork, but there is little interest :(
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@jcp
Joseph Poon
7 years
@nara___narayana Limits of value transferred per block. This isn't a clear simple solution either...
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@jcp
Joseph Poon
7 years
@el33th4xor Either it turns into one-way burn without proper price tracking, or winding down the contracts enriches the creator.
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@jcp
Joseph Poon
7 years
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@jcp
Joseph Poon
7 years
@el33th4xor With central banking, you print more money. Pretty sure that isn't viable here with contract issuers.
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@jcp
Joseph Poon
7 years
@LawofOne999 @adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc However, he was arguing within the context of the debate (but getting unnecessarily personal), expectations are higher for community leaders
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@jcp
Joseph Poon
7 years
@LawofOne999 @adam3us @KwokMilas @ryanxcharles @ssoeborg @bigstonebtc To be clear, that guy was an asshole and started it. He was clearly in the wrong and a random drive by troll. That is a given.
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@jcp
Joseph Poon
7 years
@Suitpossum For sure, was wonderful gathering in a positive community of cryptogeeks! Thankkkkkssssssssssss :DDD
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