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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. Hugo Nguyen‏ @hugohanoi Sep 23

      Hugo Nguyen Retweeted Alex Mizrahi

      1/ CVE-2018-17144 happens and you see a bunch of PoW & Core haters coming out of the woodwork. But they still fail at basic logical reasoning.https://twitter.com/killerstorm/status/1043243532423753729 …

      Hugo Nguyen added,

      Alex Mizrahi @killerstorm
      These people tell us that PoS is unacceptable because it's "subjective", and then post on social media urging "watch the news" to get alerted about a possible chainsplit. You can't make this shit up. Intellectual dishonesty is palpable.
      Show this thread
      2 replies 4 retweets 31 likes
      Show this thread
    2. Hugo Nguyen‏ @hugohanoi Sep 23

      2/ (a) Minimizing trust & social attack surface is the most important goal in Bitcoin. PoW plays a big role in fulfilling this goal. PoS is inferior in every ways in this regard.

      1 reply 1 retweet 15 likes
      Show this thread
    3. Hugo Nguyen‏ @hugohanoi Sep 23

      3/ (b) All software has bugs. When we say Bitcoin software should be treated as nuclear-reactor software, it doesn’t mean there will be ZERO bugs. Just orders of magnitude safer.https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2 …

      2 replies 1 retweet 17 likes
      Show this thread
    4. Hugo Nguyen‏ @hugohanoi Sep 23

      4/ You can simultaneously believe in (a) & (b). There’s no contradiction here. Engineering is both about the minimization of catastrophic failures, AND still expect a reasonable rate of failures.

      1 reply 0 retweets 5 likes
      Show this thread
    5. Hugo Nguyen‏ @hugohanoi Sep 23

      5/ Such is the unfortunate nature of software. Software abstractions are great but often times they are constrained by human’s inability to reason with absolute precision & comprehensiveness, unlike a machine.

      1 reply 1 retweet 6 likes
      Show this thread
    6. Hugo Nguyen‏ @hugohanoi Sep 23

      6/ Human intellect is analog, while “perfect" software requires digital precision. I learned this lesson the hard way from 10+ years of writing software. I've seen many amazing & super intelligent programmers, I've seen no programmers that don't make (serious) mistakes.

      1 reply 0 retweets 5 likes
      Show this thread
    7. Hugo Nguyen‏ @hugohanoi Sep 23

      7/ CVE-2018-17144 is evidence that shit will hit the fans *despite how good of a dev team you have*. I can bet hands-down that for every serious bug Bitcoin Core has, there are numerous equally serious bugs in your centralized and/or PoS shitcoins.

      1 reply 0 retweets 11 likes
      Show this thread
      Hugo Nguyen‏ @hugohanoi Sep 23

      8/ PoS problems are apparent to many without even writing a single line of code 😛 That is another job of good engineers: to point out errors way before shit gets implemented. Engineers who correctly conclude PoS is inferior will potentially save you millions down the line.

      9:07 PM - 23 Sep 2018
      • 6 Likes
      • ⚡️Chris Walker ⚡️Run-a-full-Node! ⚡️Bitcoin, not Crypto⚡️ Gabriel D Vine🛸 Marty Bent Pierre Roberge cachemoney
      1 reply 0 retweets 6 likes
        1. Hugo Nguyen‏ @hugohanoi Sep 23

          9/ CVE-2018-17144 also reaffirms my belief that the Bitcoin protocol should ossify quickly. We *might* not even get to integrate Privacy, but that’s the price we have to pay if we want to not jeopardize this soon-to-be trillion-dollar foundation. The stake is already too high.

          2 replies 1 retweet 9 likes
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