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hugohanoi's profile
Hugo Nguyen
Hugo Nguyen
Hugo Nguyen
@hugohanoi

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Hugo Nguyen

@hugohanoi

I chain, therefore I am ⛓️

Joined April 2012

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    1. Sar Haribhakti‏ @sarthakgh Aug 9

      Sar Haribhakti Retweeted Sar Haribhakti

      Increasingly think that decentralized protocols are not venture friendly. If intentions are pure, protocols are the new SMTPs & should be treated as much. OTHOH, venture backed clients are possible. See GitHub, SuperHuman, Tweetdeck. Fat protocols on fat money make sense.https://twitter.com/sarthakgh/status/1027655525423403008 …

      Sar Haribhakti added,

      Sar Haribhakti @sarthakgh
      "So, besides payments, what is the utility of your native utility tokens" "Well, you stake them." "Um, sure, no one ever minds losing what's not valuable." "Yes but tokens are valuable." "How?" "Well, you stake them so..." "So value comes from staking?" "Yes!" "......"
      Show this thread
      3 replies 0 retweets 6 likes
    2. Startup Swamy‏ @startupswamy Aug 11
      Replying to @sarthakgh

      This is how non-money tokens can capture value, specifically utility tokens. 1. Make token necessary to use network 2. Cleverly incorporate staking to align incentives 2. Make 3rd parties buy the token in order to reap the benefits of the network

      1 reply 0 retweets 1 like
    3. arjun balaji‏ @arjunblj Aug 11
      Replying to @startupswamy @sarthakgh

      (2) presupposes that whatever you're staking is valuable to begin with.

      2 replies 0 retweets 2 likes
    4. Sar Haribhakti‏ @sarthakgh Aug 11
      Replying to @arjunblj @startupswamy

      Sar Haribhakti Retweeted Sar Haribhakti

      Precisely. https://twitter.com/sarthakgh/status/1027655525423403008 … I would be happy to stake my trash for using exclusive services.

      Sar Haribhakti added,

      Sar Haribhakti @sarthakgh
      "So, besides payments, what is the utility of your native utility tokens" "Well, you stake them." "Um, sure, no one ever minds losing what's not valuable." "Yes but tokens are valuable." "How?" "Well, you stake them so..." "So value comes from staking?" "Yes!" "......"
      Show this thread
      1 reply 0 retweets 1 like
      Hugo Nguyen‏ @hugohanoi Aug 11
      Replying to @sarthakgh @arjunblj @startupswamy

      Hugo Nguyen Retweeted Hugo Nguyen

      “Utility tokens” won’t capture value & won’t work. I wrote something related.https://twitter.com/hugohanoi/status/1028338759475986433 …

      Hugo Nguyen added,

      Hugo Nguyen @hugohanoi
      MV=PQ is overrated https://medium.com/p/52b6557fda6b?source=twitterShare-3efc6d31e61c-1534009573 …
      2:27 PM - 11 Aug 2018
      • 2 Likes
      • Sar Haribhakti Startup Swamy
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Startup Swamy‏ @startupswamy Aug 11
          Replying to @hugohanoi @sarthakgh @arjunblj

          "PQ assumes a token can capture most of the economic value of the network/service that it tries to represent." The token needs to be critical to the network but not a hindrance to the user. Tokens, earned by participants and bought by 3rd parties, could accrue value.

          1 reply 0 retweets 0 likes
        3. Startup Swamy‏ @startupswamy Aug 11
          Replying to @startupswamy @hugohanoi and

          Adding a token for a token's sake with staking won't work. But a properly designed token mechanism will pay people for what they're already doing online and accelerate "good" behavior.

          0 replies 0 retweets 0 likes
        4. End of conversation

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