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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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    Hugo Nguyen‏ @hugohanoi Aug 16
    Replying to @wheatpond @YangVentures and

    Hugo Nguyen Retweeted Hugo Nguyen

    Complexity by itself is not necessarily a bad thing, but *unnecessary* complexity (layers & layers of indirection/obfuscation) usually is indicative of a much bigger problem.https://twitter.com/hugohanoi/status/1029919205859020800 …

    Hugo Nguyen added,

    Hugo Nguyen @hugohanoi
    Stop reading right here lol. Wrong on so many levels. (i) level of trust in PoW vs PoS is nowhere the same in terms of both magnitude & frequency (ii) "small" is relative & can turn "big" quickly in worst-case scenarios. very dangerous thinking. I call it engineering-by-hope. 😛 https://twitter.com/VitalikButerin/status/1029901952346279936 …
    Show this thread
    11:29 AM - 16 Aug 2018
    • 3 Likes
    • SesameMeow ⚡ Dan Hedl CryptOrbuld⚡️
    3 replies 0 retweets 3 likes
      1. New conversation
      2. Emi Velazquez [OSN]‏ @emivelazquez6 Aug 16
        Replying to @hugohanoi @wheatpond and

        I get your point, a lot of people is saying that LN is a needless adding of complexity. (Although I agree with it) so, I don’t see the problem of ppl working on new ways of reaching consensus

        1 reply 0 retweets 1 like
      3. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @emivelazquez6 @wheatpond and

        LN might be more complex than layer 1, and in some sense resemble aspects of a PoS system, but the important thing is that it doesn't try to solve everything at once. Rather, it builds on the consensus foundation of the base layer protocol, and doesn't harm the base layer.

        1 reply 0 retweets 2 likes
      4. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @hugohanoi @emivelazquez6 and

        This is a well known approach to building software that we have decades of experience to draw from: a layered architecture. Each layer focuses on one problem & one problem only. You don't build complex things right from the beginning. That has proven to _never_ work well.

        2 replies 0 retweets 1 like
      5. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @hugohanoi @emivelazquez6 and

        This is the Unix design philosophy. In short, "flexibility, simplicity, and freedom are the foremost considerations".

        0 replies 0 retweets 1 like
      6. End of conversation
      1. New conversation
      2. Emi Velazquez [OSN]‏ @emivelazquez6 Aug 16
        Replying to @hugohanoi @wheatpond and

        But they even explain they went in tangents that ended up not working. It’s a complicated problem. I’m sure if Satoshi was giving early comments about Bitcoin people would have said its too difficult

        2 replies 0 retweets 1 like
      3. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @emivelazquez6 @wheatpond and

        It doesn't matter how many tangents they go in, because their fundamental assumption is outright incorrect. That's exactly what spawns a bunch of complexity down at the other layers: starting from a wrong/weak assumption.

        1 reply 0 retweets 0 likes
      4. Emi Velazquez [OSN]‏ @emivelazquez6 Aug 16
        Replying to @hugohanoi @wheatpond and

        What’s the wrong assumption? That staking isn’t secure as PoW? Or what

        1 reply 0 retweets 1 like
      5. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @emivelazquez6 @wheatpond and

        Hugo Nguyen Retweeted Hugo Nguyen

        Read my threadhttps://twitter.com/hugohanoi/status/1029919205859020800 …

        Hugo Nguyen added,

        Hugo Nguyen @hugohanoi
        Stop reading right here lol. Wrong on so many levels. (i) level of trust in PoW vs PoS is nowhere the same in terms of both magnitude & frequency (ii) "small" is relative & can turn "big" quickly in worst-case scenarios. very dangerous thinking. I call it engineering-by-hope. 😛 https://twitter.com/VitalikButerin/status/1029901952346279936 …
        Show this thread
        1 reply 0 retweets 0 likes
      6. Hugo Nguyen‏ @hugohanoi Aug 16
        Replying to @hugohanoi @emivelazquez6 and

        Hugo Nguyen Retweeted Hugo Nguyen

        https://twitter.com/hugohanoi/status/1021832568314843136 …

        Hugo Nguyen added,

        Hugo Nguyen @hugohanoi
        For those who are interested, my prior articles on this: 1/ https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2 … 2/ https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb …
        Show this thread
        0 replies 0 retweets 0 likes
      7. End of conversation
      1. New conversation
      2. KevinPhamCash‏ @KevinPhamCash Aug 16
        Replying to @hugohanoi @YangVentures and

        Thing is, ETH is a shitcoin. It's priced in BTC. When BTC has swings, ETH has even larger swings. In the end, the secureness of ETH PoS will be directly correlated to the hashrate on BTC.

        1 reply 0 retweets 0 likes
      3. Emi Velazquez [OSN]‏ @emivelazquez6 Aug 16
        Replying to @KevinPhamCash @hugohanoi and

        Well.. trying to have a good discussion, starting with eth is a shitcoin is a dumb way to look for attention

        1 reply 0 retweets 0 likes
      4. KevinPhamCash‏ @KevinPhamCash Aug 16
        Replying to @emivelazquez6 @hugohanoi and

        Please take a look at the markets. When BTC has a fat 2k dildo candle, what happens to every altcoin?

        1 reply 0 retweets 0 likes
      5. Emi Velazquez [OSN]‏ @emivelazquez6 Aug 16
        Replying to @KevinPhamCash @hugohanoi and

        Yes of course, but also is correlated with many things, for example, teams receiving 100M for nothing and then panic selling, market in eth is maturing and that won’t be the case in the future

        1 reply 0 retweets 0 likes
      6. KevinPhamCash‏ @KevinPhamCash Aug 16
        Replying to @emivelazquez6 @hugohanoi and

        That's not falsifiable.

        0 replies 0 retweets 0 likes
      7. End of conversation

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