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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. Eric Voskuil‏ @evoskuil Aug 13
      Replying to @evoskuil @hugohanoi and

      It is exactly the same as a merchant stealing from his customers. He isn’t a merchant for long.

      1 reply 0 retweets 1 like
    2. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @evoskuil @SGBarbour and

      Double spending is not a threat to Bitcoin, really? Never heard this b4! 🙂 Remind me but isn’t the whole point of PoW mining to prevent double-spending in the 1st place? If you don’t care about double-spends, why go thru all this mining trouble?

      2 replies 0 retweets 0 likes
    3. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @hugohanoi @evoskuil and

      > He isn’t a merchant for long. You are making assumptions left & right. Why? He can go set up shop somewhere else, using a new identity.

      1 reply 0 retweets 0 likes
    4. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @hugohanoi @evoskuil and

      If the tx amount is sufficiently large, double-spending could be well worth the trouble for the attacker, even if his own holdings might decrease in value. He can engage in short selling on the side to further profit/offset loss.

      1 reply 0 retweets 1 like
    5. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @hugohanoi @evoskuil and

      Just because you classify double-spending as “theft” doesn’t make it less effective as an attack vector. You want to ignore it because it doesn’t neatly fit into your “proportionate” argument. 🙂

      1 reply 0 retweets 0 likes
    6. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @hugohanoi @evoskuil and

      A coin that has shown to be vulnerable to double-spending is a coin people would lose confidence in. If it can be done once, it will be done again. Doesn’t even have to be the same attacker.

      1 reply 0 retweets 0 likes
    7. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @hugohanoi @evoskuil and

      Hugo Nguyen Retweeted Eric Voskuil

      And again, you still haven't explained why same hardware cost in attack/defense == doesn't contribute to security. All I see is flawed reasoning: "X must be worthless because Y is better"-but that doesn't mean X is worthless. Not to mention, Y is not true!https://twitter.com/evoskuil/status/1029229754933624832 …

      Hugo Nguyen added,

      Eric Voskuil @evoskuil
      Replying to @evoskuil @hugohanoi and 3 others
      To contribute to confirmation security a factor must disproportionately favor market mining (which is the same as disfavoring the censor, given zero sum). Hardware costs and block subsidies affect both equally. Only fees favor market miners over the censor.
      2 replies 0 retweets 0 likes
    8. Eric Voskuil‏ @evoskuil Aug 14
      Replying to @hugohanoi @SGBarbour and

      Your failure to understand is not my failure to explain.

      1 reply 0 retweets 0 likes
    9. Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @evoskuil @SGBarbour and

      I suppose substituting clear reasoning - and I emphasize "clear", not vague terms, weak assumptions, or leaps of logic ;-) - with condescending statements is one way to answer. lol, I have enough for today. Good night.

      1 reply 0 retweets 0 likes
    10. Eric Voskuil‏ @evoskuil Aug 14
      Replying to @hugohanoi @SGBarbour and

      You will not find clearer reasoning or well-defined and consistent terminology (see glossary) anywhere in cryptoeconomics. If you actually want to understand, then maybe read more, tweet less:https://github.com/libbitcoin/libbitcoin/wiki/Cryptoeconomics …

      1 reply 0 retweets 1 like
      Hugo Nguyen‏ @hugohanoi Aug 14
      Replying to @evoskuil @SGBarbour and

      Hugo Nguyen Retweeted Eric Voskuil

      Does your school of cryptoeconomics contain great economic axioms such as "Investment is NEVER a lagging function of price"? If so, I think I'd pass ;-)https://twitter.com/evoskuil/status/1029200273724469248 …

      Hugo Nguyen added,

      Eric Voskuil @evoskuil
      Replying to @hugohanoi @fluffypony @Noahpinion
      Investment is never a lagging function of price. All investment anticipates price. Otherwise there can be no production.
      10:00 AM - 14 Aug 2018
      1 reply 0 retweets 0 likes
        1. Eric Voskuil‏ @evoskuil Aug 14
          Replying to @hugohanoi @SGBarbour and

          Maybe start with Rothbard. You are of course free to pass.

          0 replies 0 retweets 0 likes
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