Skip to content
  • Home Home Home, current page.
  • Moments Moments Moments, current page.

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
hugohanoi's profile
Hugo Nguyen
Hugo Nguyen
Hugo Nguyen
@hugohanoi

Tweets

Hugo Nguyen

@hugohanoi

I chain, therefore I am ⛓️

Joined April 2012

Tweets

  • © 2018 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Hugo Nguyen‏ @hugohanoi Oct 1

      Hugo Nguyen Retweeted Belowsearcher

      This is another common misconception: that the value of Bitcoin/gold is *purely* social. A big part of it is social, but to get there, the monetary asset needs to have the required properties first. Most importantly, unforgeable costliness. Other reqs exist such as portability.https://twitter.com/belowsearcher/status/1046486502954463237 …

      Hugo Nguyen added,

      Belowsearcher @belowsearcher
      I see this argument being made more often, but it doesn’t make sense to me. IMO a cryptocurrencies value is purely social and has nothing to do with the amount of energy needed to create it. I don’t get the gold comparison; gold is scarce, but energy isn’t. 🤷🏼‍♂️ https://twitter.com/hugohanoi/status/1046100388133449728 …
      7 replies 5 retweets 25 likes
      Show this thread
    2. Hugo Nguyen‏ @hugohanoi Oct 1

      Another way to put it is the value of money is half-objective (independent of the opinion of people, on the basis of energy cost & unforgeability) and half-subjective (monetary premium that people assign to the asset for its useful monetary functions: SoV, MoE, UoA).

      1 reply 0 retweets 5 likes
      Show this thread
    3. Hugo Nguyen‏ @hugohanoi Oct 1

      Assets who meet the required properties compete to become money, and over time tend to reduce to one single standard, due to strong feedback loops & network effects. cc @real_vijay who has written a lot on the subject.

      3 replies 0 retweets 8 likes
      Show this thread
      Hugo Nguyen‏ @hugohanoi Oct 1

      > I don’t get the gold comparison; gold is scarce, but energy isn’t. The scarcity of Bitcoin comes from the high energy requirement to break the 21-million-bitcoins limit. The same way gold is scarce because it would take a tremendous amount of energy to synthesize gold.

      5:17 PM - 1 Oct 2018
      • 2 Likes
      • bit ficus⚡🌳 RobertKnolles
      2 replies 0 retweets 2 likes
        1. New conversation
        2. sl‏ @_shan224 Oct 1
          Replying to @hugohanoi

          "I don’t get the gold comparison; gold is scarce, but energy isn’t." There isn't some KWH/bitcoin relationship if that was what was implied. - Difficulty adjustment ensures *steady* supply - Distributed hash power ensures *fixed* supply

          1 reply 0 retweets 0 likes
        3. Hugo Nguyen‏ @hugohanoi Oct 1
          Replying to @_shan224

          Not sure if that’s directed at me? 🤔 that quoted comment is someone else’s not mine. Also, difficulty adjustment only ensures steady supply in the subsidy era, it doesn’t do anything to the supply in post-subsidy era.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Belowsearcher‏ @belowsearcher Oct 2
          Replying to @hugohanoi

          Hmm maybe I misinterpreted this part of your first tweet. If I understand correctly, you’re comparing Bitcoin to gold because both consume a lot of energy to gather - is that correct? If so, isn’t it more logical to compare Bitcoin to gold based on their limited/finite supplies?

          0 replies 0 retweets 0 likes
          Thanks. Twitter will use this to make your timeline better. Undo
          Undo

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2018 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Cookies
        • Ads info