Stefan Thomas Profile Banner
Stefan Thomas Profile
Stefan Thomas

@justmoon

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Open-source developer and distributed systems advocate. Co-creator of @Interledger . Founder & CEO at @Coil .

Joined April 2008
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@justmoon
Stefan Thomas
7 years
We ( @Ripple ) just published a formal proof of Ripple Consensus and a new open graph consensus algorithm called Cobalt: #consensus #research - Shoutout to my colleagues Ethan MacBrough and Brad Chase driving this work!
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@justmoon
Stefan Thomas
3 years
I am a @ChipotleTweets influencer now😅
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@justmoon
Stefan Thomas
2 years
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. 🧵👇
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@justmoon
Stefan Thomas
2 years
I’m coding again.🤫 New project: Dassie🐻 • interledger p2p micropayments network • direct access to ilp w/o gatekeepers • settlement using crypto • xrp first - btc+eth+more over time • livestream @interledger summit nov 12, launch 2023
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@justmoon
Stefan Thomas
4 years
A painful memory. I hope others can learn from my mistakes. Test your backups regularly to make sure they are still working. An ounce of foresight could have prevented a decade of regret. That said, I'll do what I always do which is focus on building things, e.g. @Interledger .
@nytimes
The New York Times
4 years
Stefan Thomas has two guesses left to figure out a password that is worth about $220 million. He is one of the many people who are locked out of their Bitcoin fortunes, with an estimated $140 billion in lost or otherwise stranded digital wallets.
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@justmoon
Stefan Thomas
5 years
Let me explain why this is a big deal! For the first time, #WebMonetization is used not just to donate but to unlock exclusive content. Some day, most websites will provide exclusive content, features, or turn off ads for WM-enabled browsers. And @Coil just became the first one.
@Coil
Coil
5 years
Our monetized platform for creators is now open!
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@justmoon
Stefan Thomas
7 years
Dear #Bitcoin . Don't cry for #Segwit2x - the future is already here. $XRP
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@justmoon
Stefan Thomas
6 years
Codius is back! Read the announcement:
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@justmoon
Stefan Thomas
7 years
Creating a token is like building a whole other product - huge distraction. @BeOmni avoided the #ICOTrap and raised funds through $XRP. Incredible company, incredible team, incredible vision. This is only the beginning. #BuildingAmazingThings
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@justmoon
Stefan Thomas
5 years
Big news for #ethereum fans: @kava_labs just created an @Interledger plugin for ERC-20 tokens. This adds a huge number of digital assets to the list of currencies that can be used for #payments on Interledger (USD, XRP, BTC, ETH, ...)
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@justmoon
Stefan Thomas
3 years
Today I am proud to celebrate the formal launch of the @Interledger Foundation (ILF). I also want to introduce you all to @bmarbury who is leading the new organization as Executive Director. You can read about her vision here: 💸
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@justmoon
Stefan Thomas
5 years
This was a tough secret to keep. Now that it's out, time to roll up our sleeves and get to work! Please come to the community forum at and let us know your ideas for spreading Web Monetization!!
@Coil
Coil
5 years
In collaboration with @mozilla and @creativecommons , we're excited to announce the $100 million @GrantForTheWeb to advance #WebMonetization for creators. Learn more here:
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@justmoon
Stefan Thomas
3 years
Today, I am excited to introduce Rafiki. With Rafiki, we hope to implement most of the advanced Interledger features that our partners and users have asked for. We want all of this functionality to be available programmatically via APIs. Read more: 1/3
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@justmoon
Stefan Thomas
7 years
Five years. Fifty exchange listings. $1 and one vision: To make money move like information. Happy Birthday $XRP!
@Ripple
Ripple
7 years
Happy 5-year anniversary to $XRP Ledger. Follow us today as we celebrate #5YearsofXRPLedger #undisputed
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@justmoon
Stefan Thomas
3 years
@yb11333344 @BankXRP @michielbdejong @project_solid @Interledger Yes. I believe that Interledger is prerequisite. But as ILP becomes established, Codius will emerge as a far superior way to implement most smart contracts compared to ledger-locked approaches like Eth (1.0/2.0) and XRPL Hooks. So we'll try to be ready.
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@justmoon
Stefan Thomas
5 years
Good news for iPhone users! The first full browser with native @Coil support just landed in the app store! Congrats to @PumaBrowser and big thanks for their hard work making this happen! 👏
@PumaBrowser
Puma Browser
5 years
1/  We've been hard at work re-building Puma Browser with Firefox-iOS as base. Polina, who joined as founding iOS engineer, has made amazing progress and we're happy to announce that we are now in the App Store with much better @Coil support!
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@justmoon
Stefan Thomas
5 years
As a lifelong Web dev, I've always had so much gratitude and respect for @Mozilla and everything they do for the Web. So the fact that we get to work together on this next chapter feels surreal and amazing! Thank you @msurman , @cyberdees for making it possible! #IsThisRealLife ?
@mozilla
Mozilla
5 years
In keeping with our mission to foster a healthy internet, we’re announcing our latest collaboration: “Grant for the Web,” a $100m program with @Coil and @CreativeCommons to empower individual #creators online. Want to learn more? 👇
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@justmoon
Stefan Thomas
7 years
Practically anyone can claim they’re faster and cheaper than BTC - but proof-of-work chains provide no incentive to be good for payments. Miners have no reason to care about user experience.
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@justmoon
Stefan Thomas
6 years
This happened because payments technology wasn't ready. But it is now. With the technologies we’ve helped build @Ripple #XRP and @Interledger —we can process trillions of transactions per second without any central authority. 3/5
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@justmoon
Stefan Thomas
2 years
This is farewell but not goodbye. Today, @Coil is sunsetting. I would like to thank the team that made Coil what it is, helped create the @Interledger Foundation, and an ecosystem around it. Of course I'm sad. But the work continues. 1/ Letter & FAQ @
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@justmoon
Stefan Thomas
6 years
@Zack_Bennett @OzAlphaWolf @PepeFrogman_ @GDZ2018 @AaronLG1 @coindesk Not much more to add. What I heard from the #xRapid product team at the time was that they offered both BTC and XRP but not a single customer chose BTC. Kinda makes sense - for the customer the only meaningful difference is that #XRP is faster and cheaper.
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@justmoon
Stefan Thomas
3 years
@AlbyDaAlbatross @yb11333344 @BankXRP @michielbdejong @project_solid @Interledger @FlareNetworks Flare gives XRP an Eth-like solution (minus the issues with PoW/PoS) without adding complexity to XRPL. ♥️ to them for that! The rest of what I say about Eth (pos and neg) mostly applies to Flare. Likely Flare devs are more Codius-aware than Eth which could be an advantage.
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@justmoon
Stefan Thomas
7 years
Honored to have worked w/ @copernicc , @gatesfoundation and partners to increase financial access for the poor w/ #ILP :
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@justmoon
Stefan Thomas
2 years
12/ Best of all - this isn't theoretical. XRP Ledger is a ten year old system which has been using Proof of Association all along. We'd expect the list of validators to consistently improve over time. And it did. High decentralization (no entity above 5.7%) + geo/org diversity
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@justmoon
Stefan Thomas
4 years
Calling all creators and netizens - now is the time to retake the web from big platforms. We're collaborating with @creativecommons and @mozilla to give grants to anyone using open #WebMonetization as an alternative to ads and #demonetization .
@GrantForTheWeb
Grant for the Web
4 years
27 years ago the World Wide Web entered the public domain. We're celebrating this anniversary by launching our first public call for proposals:
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@justmoon
Stefan Thomas
7 years
To the future victims of @SWIFT 's "tsunami" - @Ripple will be here to help rebuild. #RippleNet #SwellByRipple
@swiftcommunity
Swift
7 years
Leibbrandt on gpi: “This is not a swell, it is Tsunami.” #SWIFTgpi #payments #Sibos
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@justmoon
Stefan Thomas
3 years
Thanks for having me on the show, Tony! You're an amazing interviewer! Recommending this video for anyone who is interested in a frank one hour conversation about blockchain, crypto, and payments.
@ThinkingCrypto1
Tony Edward (Thinking Crypto Podcast)
3 years
My interview with Stefan Thomas @justmoon is live! WATCH ▶️ We discuss: - His locked #Bitcoin and hopes of recovery - His time at #Ripple - #XRP - Coil & Web Monetization - #Interledger & much more! #xrpthestandard #crypto #xrpcommmunity #xrparmy
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@justmoon
Stefan Thomas
6 years
Launched my new startup @Coil_ yesterday while riding an @Uber . Barthelemy supported the launch with advice and encouragement. Full-service driver! Let's make him proud! #nyc
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@justmoon
Stefan Thomas
7 years
Did you know? @Ripple #xrp processes more transactions than #bitcoin and #ethereum combined - at 1/100th the cost per tx. #UnderstandTheTech
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@justmoon
Stefan Thomas
6 years
Easy solution: Use @Interledger over Lightning. STREAM/1.0 will automatically split and recombine your payments. We ran into similar issues when we first ran a real-money ILP network a couple of years ago and developed STREAM in response.
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@justmoon
Stefan Thomas
5 years
What was it like to be a full-time #Bitcoin contributor in 2010? How did you go from freelancer to @Ripple CTO? Why did you turn your back on @Interledger atomic mode? What's your vision for @Coil ? One week from today, I will face @Reddit to answer your questions! #AMA
@Coil
Coil
5 years
Get ready to ask our Founder & CEO Stefan Thomas anything on @Reddit ! Save the date: Thur, 5/30 at 9:30 am PT #AMA with @justmoon will be live here:
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@justmoon
Stefan Thomas
6 years
@colbertlateshow @StephenAtHome @JonBatiste @DonorsChoose @Ripple Incredibly honored to be working at @Ripple today as we donate $29M to @DonorsChoose funding 35600+ school projects. At #slushtoyko18 today I'm inspired by today's entrepreneurs and excited about empowering the next generation of entrepreneurs, inventors and thought leaders.
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@justmoon
Stefan Thomas
5 years
Congratulations to our friends @html5cat and @416serg at @PumaBrowser for launching the early preview of the iOS mobile browser that supports @Coil and @Interledger ! You can now stream payments to your favorite Web Monetized sites directly from your iPhone/iPad 🎉
@html5cat
Yuriy Dybskiy
5 years
Twitter friends, very excited to announce the project my brother @416serg and I are working on – Puma Browser – privacy focused browser with a new way to pay for content: 🎉 Sign up or DM me your TestFlight Apple ID and we'll get you a beta buidl 😎
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@justmoon
Stefan Thomas
2 years
15/ It's an unfortunate accident of history that much of the blockchain space hasn't paid attention to the tech behind XRPL. But time has passed & benefits to decentralization that were predicted for PoA have actually materialized. Take another look.
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@justmoon
Stefan Thomas
6 years
I'll add that it's been incredibly rewarding to be part of this project and I'm thrilled to see it continue to gain traction. Thanks @gatesfoundation @copernicc @MillerAbel_ for everything you're doing!
@Coil
Coil
6 years
Proud to confirm that we are working on with the @gatesfoundation - Technologies like @Interledger and #micropayments aren't just for media. They also increase #financialaccess and we want to do our part.
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@justmoon
Stefan Thomas
6 years
First live production Codius smart contract: (create-react-app running on Codius) Codius is backward compatible with HTTPS, so you can access it with a regular browser (but without the security benefits that a Codius-aware browser could give you.)
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@justmoon
Stefan Thomas
6 years
Five years in the making! #Codius
@CoinDesk
CoinDesk
6 years
JUST IN: Ripple Smart Contracts Creator Targets Ethereum with New Tech Launch
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@justmoon
Stefan Thomas
5 years
@Hodor @iamrebel78 @Coil @Ripple @bgarlinghouse @haydentiff @JoelKatz @nbougalis @XRPLLabs @xrp_co @XRPMedia We'd love to accept XRP. The reason we haven't done it already is because Coil is a recurring subscription and we don't want users to have to pay manually every month. We've been working towards creating a way to do recurring XRP payments using Interledger, so stay tuned!
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@justmoon
Stefan Thomas
5 years
Woohoo! New @Hodor article! 🤩 *puts on reading glasses* 👓
@Hodor
Hodor
5 years
Developers are the fuel to the fire for XRP; Find out more & all the latest news impacting XRP in today's blog: @Ripple @bgarlinghouse @haydentiff @JoelKatz @justmoon @nbougalis @XRPLLabs @xrp_co @XRPMedia @clairearthurs @Coil
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@justmoon
Stefan Thomas
6 years
One reason I chose this timing for @Coil_ is because @Ripple is in a great position. We recently filled several key engineering roles with fantastic people. @Interledger (ILPv4) is done. Q1 2018 has been our best sales quarter ever. I have max confidence in the @Ripple team.
@byron_smith_
Byron
6 years
@XRPTrump @justmoon @Coil_ @Interledger He's not the CTO any longer though... :(
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@justmoon
Stefan Thomas
6 years
My talk from IEEE Crypto Valley Conference #cvc18 is now on YouTube: Talking about how @Coil was able to develop #Codius in a few weeks, while #blockchain #ICOs working on the same problem are taking years. It's all thanks to the magic of @Interledger !
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@justmoon
Stefan Thomas
4 years
Fun stroll down memory lane talking about my work on #Bitcoin , #XRP Ledger, and @Interledger with @JoelKatz . Recommended for anyone who wants to take a peek behind the scenes of blockchain development. Thanks for having me on the show, David!
@RippleXDev
RippleX
4 years
We’re going back to the future! #BlockStars features @Ripple CTO @joelkatz and @Coil CEO @justmoon for a conversation about building the #XRP Ledger, @Interledger and @codiusproject .
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@justmoon
Stefan Thomas
6 years
Finally, @CinnamonVideo is public so you guys can get as excited as I am. I love, love, LOVE their style both graphically and philosophically! Can't wait for the beta to launch. Go sign up to their mailing list so you don't miss it! 👉
@DoneWithGPT
Cinnamon
6 years
We are proud to announce which will become a video-streaming platform with exclusive content for Coil members. Huge thanks to @Coil , @Interledger and @Ripple for making it possible. Stay tuned for more!
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@justmoon
Stefan Thomas
5 years
One of my favorite sites, CSS Tricks, just added #WebMonetization . #SomebodyPinchMe Thanks @chriscoyier and @BruceL ! 💜🤟
@chriscoyier
Chris Coyier
5 years
There is a chance that monetizing a website becomes a web standard. A <meta> tag that references an online wallet and kicks off events you can watch with `document.monetization`. I'm running it now on @css for fun. THANKS @BRUCEL
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@justmoon
Stefan Thomas
6 years
Learn about the history of @Ripple and $XRP from co-founder @chrislarsensf . Start of an awesome seven-part video series on $XRP.
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@justmoon
Stefan Thomas
6 years
@kutilijus189 @Coil Currently, $XRP is the most popular settlement method in @Interledger and since it's the fastest and cheapest digital asset to transfer, and one of the most liquid, this will likely continue to be the case. We don't have to give XRP an unfair advantage. It wins any fair fight.
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@justmoon
Stefan Thomas
5 years
If you're a #VideoCreator (not going to use the term "YouTuber" because monopolies are 👎), you can now try out the first video platform that uses #WebMonetization as their business model. Wow! This is all happening quite fast!
@DoneWithGPT
Cinnamon
5 years
🚨 Early access is here! 🚨 We are currently testing our platform exclusively with #ContentCreators , so if you know any that would like to join the fun, let us know 🙌 #More4Creators #EarlyAccess #Preview #Testing
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@justmoon
Stefan Thomas
6 years
Quick reminder that @sharafian and I will be presenting @CalBlockchain on Monday, 8/27. Presentation will cover @Interledger and how we're using it at @Coil . Also includes a guest appearance from Kava Labs who are working on #ethereum support.
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@justmoon
Stefan Thomas
3 years
Awesome post from @michielbdejong regarding #WebMonetization support for @project_solid .💸 I'm excited where this could go in combination with @Interledger -paid hosting (like Codius). Imagine a one-click-setup, self-hosted #Solid Server that pays itself.
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Stefan Thomas
6 years
New article explaining @Interledger and #Web3 from our friends over at @kava_labs . This should resonate with you if you're approaching the subject of #interoperability from a #blockchain / #ethereum perspective.
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@justmoon
Stefan Thomas
5 years
It's crazy to think how many companies were involved to make this possible. @PumaBrowser had to make the browser, @EnclaveGames the game, @Coil the subscription, @xrptipbot the wallet, the backend. Not even counting XRP Ledger. Open networks are amazing!
@cyberdees
☞ Desigan Chinniah ☜
5 years
Slick update by @html5cat with @PumaBrowser . It’s now built on top of iOS Firefox. Has @Coil sign in and Web Monetization support built in. And here I am streaming monies in real-time to @end3r on one of his @EnclaveGames . Magic!
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@justmoon
Stefan Thomas
7 years
PSA: If your company integrates with XRP Ledger, please run your own rippled node. s*.ripple.com are provided for dev, not for prod. XRP Ledger is designed to survive @Ripple , how about your integration? #ZombieProofSoftware
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@justmoon
Stefan Thomas
2 years
This is the most ambitious personal project I've undertaken since BitcoinJS back in 2010. What do you think? Can I pull it off? Guess we'll see! Follow for updates on how this turns out. And tune in to the livestream to learn more.
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@justmoon
Stefan Thomas
6 years
Just arrived in Joburg, getting ready for my keynote tomorrow at #BAC18 - sold out event, should be awesome! I'll be talking about how we can achieve #interoperability and what kind of impact to expect on the larger #blockchain ecosystem, ICOs. @BlockchainZA @Interledger @Ripple
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@justmoon
Stefan Thomas
2 years
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? /🧵
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@justmoon
Stefan Thomas
5 years
Right now the necessary protocols are still being worked on: But I expect once the protocols settle, XRP Tipbot and @Coil shall be first to implement! I'm pretty excited for that. I've been wanting proper pull payments for crypto for almost 10 yrs...
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@justmoon
Stefan Thomas
6 years
We’re fortunate to have strong financial and technical backing from @Ripple , who are the lead investors alongside me. This gives @Coil_ everything we need to kickstart a healthier Internet. Please read the blog and get in touch if you've any questions! 5/5
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@justmoon
Stefan Thomas
4 years
lol, I love it! 😄
@AsteadWH
Astead
4 years
make this into a movie where he has to retrace his steps from 10 years ago and reconnects with some long lost love that he thinks is the basis for the password but is not -- he loses the money but gains something more
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@justmoon
Stefan Thomas
7 years
Proud to say I'll be serving on the board of @the_jsf this year. It's been a fantastic experience working with them on the #InterledgerJS open-source project and I'm excited about a chance to support their work. #JavaScript
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@justmoon
Stefan Thomas
5 years
@Coil @imgur I have never met a team as passionate about their community as @mrgrim151 and @imgur . It's an honor to be working with them and we're excited to collaborate on new ways to connect creators and their fans. You all deserve better than ads and closed payment platforms!
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@justmoon
Stefan Thomas
7 years
My answer to What will happen in the crypto market in 2018?
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@justmoon
Stefan Thomas
6 years
Enjoying the holidays? Remembering 2018? It's important to remember, now more than ever. That's why I'm matching your crypto donations to @internetarchive up to a max total of $25k. You can donate in $XRP, $BTC, etc. here: - 1/2
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@justmoon
Stefan Thomas
3 years
@stax2high @BankXRP @yb11333344 @michielbdejong @project_solid @Interledger XRP Ledger is currency agnostic, Interledger and Codius are both currency- and ledger-agnostic. Nobody "needs" any specific token. If we want XRP to be valuable we should (imo) optimize it for an Interledger/Codius type world which means keeping it simple, efficient, reliable.
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Stefan Thomas
2 years
13/ Because PoA consensus represents all stakeholders, governance can happen on-chain. Unlike Bitcoin and Ethereum, XRP Ledger makes decisions about protocol changes via votes by the validators, called amendments.✅
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@justmoon
Stefan Thomas
5 years
Phew! What a weekend! #ILPSummit2019 was a huge success thanks to @vanessadice 's vision and dozens of amazing helpers, contributors, and speakers! Not to mention one of the nicest, smartest audiences I've ever encountered at any event. Can't wait for the next one! 🥰
@vanessadice
Vanessa Pestritto
5 years
Day two #ILPSummit2019 is a wrap! Thank you for an engaging and exciting event! Heaps of new connections and great conversations! Will continue the discussion and share videos on
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Stefan Thomas
6 years
"Interledger: How to Interconnect All Blockchains and Value Networks" - Great summary about the history and status of @Interledger by @_emschwartz
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@justmoon
Stefan Thomas
2 years
14/ But this isn't just about XRP Ledger. Proof of Association is a path for different blockchains to: 1. Solve energy waste 2. Solve concentration of power 3. Provide a robust, transparent method of governance 4. Reduce complexity
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@justmoon
Stefan Thomas
6 years
Using this tech, @Coil_ 's first product will be a flat-rate subscription for consumers to support creators, breeze past paywalls, see fewer ads, and unlock additional features and content. We'll launch soon. 4/5
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Stefan Thomas
3 years
This was a BLAST! We quickly zeroed in on the deeper themes of financial inclusion and potential of technologies like @Interledger to improve people's lives. So if we recover the password, who's hosting the party?🤔 @Pharrell @mcuban @BrokeMogul @hitmybeeper @Coil @OTHERtone
@OTHERtone
OTHERtone
3 years
Imagine having $400m #btc on your drive, losing the password + having 10 attempts to guess it. No pressure: You also only have 2 attempts left before everything is destroyed. 😳 How far would you go to unlock it? This week we ask @justmoon + @mcuban .
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Stefan Thomas
6 years
Don't miss my talk at @TOABerlin #TOA18 tomorrow morning 10a. Will talk about @Interledger and the future of #WebMonetization .
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@justmoon
Stefan Thomas
4 years
If you woke up today to find out that @Google is going to cut off your ad revenue because your website is written in the wrong language, take a look at open #WebMonetization . It's available for all languages. And to Google we say: Hab SoSlI’ Quch! #ads #adsense #monetization
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@justmoon
Stefan Thomas
1 year
Not doing many interviews at the moment as I'm working on Dassie but I can't say no to Tony. And he did not disappoint, asking about everything from Interledger, to AI, to blockchain. Hope you enjoy! 💙
@ThinkingCrypto1
Tony Edward (Thinking Crypto Podcast)
1 year
I had a great conversation with Stefan Thomas, co-creator of the Interledger Protocol. This is our second interview and it is a great one! @justmoon @Interledger WATCH ▶️ Topics: - Dassie & the #Interledger Protocol - Sunsetting Coil - #AI , AI Deep
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@justmoon
Stefan Thomas
6 years
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@justmoon
Stefan Thomas
2 years
3/ To avoid a power-profit feedback loop, Ethereum handles governance off-chain. But that sucks. If blockchains are the ultimate in transparency and fairness, shouldn't we be using them to… govern blockchains?
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@justmoon
Stefan Thomas
2 years
8/ Consensus mechanisms are about how power in a system is defined: 🔋PoW power is defined by energy 💰PoS power is defined by wealth 🫡PoA power is defined by reputation, reliability, and free association
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@justmoon
Stefan Thomas
6 years
Yes, @Coil_ is supported by Xpring. See the Xpring announcement here:
@kieranmlkelly
Kieran Kelly 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇧🇧
6 years
@Coil_ Congrats @justmoon and @emacbrough . Is @Coil_ funded by xSpring?
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@justmoon
Stefan Thomas
5 years
My @Reddit #AMA is done. Thanks again to everybody who participated! There were some great questions and I'm truly grateful to those who asked them and hope you're satisfied with the answers. 👍
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@justmoon
Stefan Thomas
2 years
I've been working on XRP-related projects for more than ten years now which is a long time. Big things require persistence and I'm proud to be part of a community that puts real-world solutions and consistent progress ahead of ideology and hype. Slow and steady wins the race. 3/
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@justmoon
Stefan Thomas
7 years
Short article on and @Interledger for #wef18 - thanks to @TCS_Europe for helping me spread the word about these important projects! Still early, but @GatesFoundation identified the right problem. #interoperability #inclusion
@TCS_Europe
Tata Consultancy Services Europe
7 years
How an ‘Internet of Value’ will boost the world’s poor: via @Ripple @justmoon #wef18 #DigitalEmpowers
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Stefan Thomas
2 years
4/ To recap, PoW is simple, relatively reliable, and expends a ton of energy. PoS is complex, logically awkward, and plutocratic. Neither solves the question of governance. There’s a better way.
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@justmoon
Stefan Thomas
3 years
Here is a recent conversation between @Santiag78758327 and myself covering #consensus algorithms (including proof-of-x vs federated consensus) and @Interledger use cases like AI economies and unbundling the #blockchain monolith into more flexible, scalable pieces. Hope you enjoy!
@RealVision
Real Vision
3 years
What is the importance of interoperability between blockchains and micropayments? @justmoon joins @Santiag78758327 to discuss how those key features will remedy systemic issues and centralization which have taken hold of the modern-day internet. Watch 👉
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Stefan Thomas
2 years
2/ PoS issue - aggregators: Tokens are often held through custodians, exchanges, DeFi contracts. In practice this leads to significant concentration of voting power. We also should not do governance using PoS - power would beget greater profits which leads to more power.
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Stefan Thomas
2 years
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.
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@justmoon
Stefan Thomas
2 years
The man who built yesterday's payment rails ( @copernicc , fmr. Chief Architect, SWIFT; now @gatesfoundation ) talks to the woman who is building tomorrow's ( @bmarbury , Executive Director, Interledger Foundation). Excited to learn from two generations of #payments visionaries! 💸
@Coil
Coil
2 years
Join us on Twitter Spaces this Tuesday 10/4 at 8am pt | 11am et for very special guests @bmarbury of @Interledger and @copernicc of the @gatesfoundation as we discuss digital payments, disruption in the finance industry + more! Set a reminder:
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Stefan Thomas
3 years
. @fynbosdev is to @Interledger like @coinbase is to Bitcoin. When @brian_armstrong emailed me 9 years ago to tell me how his venture was going to take Bitcoin mainstream I felt the same kind of anticipation that I feel today.🚀 Congrats @ahopebailie & the fynbos team.
@fynbosdev
Fynbos
3 years
Our blog is live 🚀 And we're launching with a trip down memory lane with @ahopebailie who's got a lot to say about our mission Wanna be a missionary? Get in touch
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@justmoon
Stefan Thomas
2 years
7/ Proof of Association: How It Works ✍️ Write a list of people or entities you’d like to be in consensus with 🤖 Feed it to a software program that scans the network + listens for those on your list 🗳️ When enough of your list vote for a ledger—a quorum—you have consensus
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@justmoon
Stefan Thomas
6 years
Woohoo! Way to go!
@Interledger
Interledger Foundation
6 years
"STREAM is the new TCP for @Interledger " -- the new transport protocol has finally reached v1.0!
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Stefan Thomas
2 years
10/ Proof of Association allows every participant to choose who they listen to. This defines what network they are on. They can: 🫂Choose the most reliable people/entities 👮‍♀️Remove bad actors 🌍Strengthen or diversify a set of validators across people, orgs, and geographies
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@justmoon
Stefan Thomas
2 years
6/ The definition of consensus is voluntary agreement. I pick a set of people and I decide to synchronize with them. If we have to do that anyway, even with PoW and PoS, why don't we make our consensus algorithm work like that, too? Enter Proof of Association.
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@justmoon
Stefan Thomas
5 years
Final reminder for my @Reddit #AMA happening tomorrow, Thursday 5/30 at 12.30pm ET / 9.30am PT. Was trying to come up with a witty way to promote my AMA but alas I'm not @Wendys .
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@justmoon
Stefan Thomas
2 years
9/ In PoW you don't control how much hashing power a bad actor has. And in PoS you don't control how many tokens a bad actor has. Your only recourse is to decide not to be on the same network as them through a hard fork, ignoring PoW/PoS. What then is the point of PoW/PoS?
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@justmoon
Stefan Thomas
2 years
5/ There is a choice that underlies and supercedes both PoW and PoS. It's when we decide *which* blockchain we want to use and be a part of. Bitcoin Cash has less hashing power than the most popular version of Bitcoin, yet plenty of people still choose it.
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@justmoon
Stefan Thomas
2 years
11/ Over time, participants' lists get better and better. More decentralization, more overlap, and higher quality validators.
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@justmoon
Stefan Thomas
2 years
Thank you all for your support and please know that although this is the end of one chapter, it is the start of another. 4/
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@justmoon
Stefan Thomas
3 years
I logged in…
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@justmoon
Stefan Thomas
5 years
Heartfelt thanks for making the long trip (and spending many long weekends) to help build a more open, accessible, and fair financial system! 🔨🏗️🚧 W3C #WebPayments , #WebMonetization , and @Interledger are tiny pieces of a huge puzzle that will take many years to fully assemble.
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