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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. Viktor Arvidsson  🕊‏ @anotherday____ Oct 12
      Replying to @hugohanoi @stephanlivera @NickSzabo4

      If we are to be rude I could just point out that geographically decentralized is a nonsense term—you mean distributed—and that dispersion is ineffective given the game of scale + energy use signals location. But no—I am not conveniently anything. I gave you time. Remove your ego.

      2 replies 0 retweets 0 likes
    2. Hugo Nguyen‏ @hugohanoi Oct 12
      Replying to @anotherday____ @stephanlivera @NickSzabo4

      lol why do you bring up ego I’m addressing your _argument_😆- and no you still have not addressed my 2nd point. Not sure what you mean by ineffective. Hard for Chinese govt to seize hardware in China AND Iceland. That’s what I mean by geographically decentralized.

      2 replies 0 retweets 1 like
    3. Viktor Arvidsson  🕊‏ @anotherday____ Oct 12
      Replying to @hugohanoi @stephanlivera @NickSzabo4

      -Because of your response. -Which 2nd point? -Not in the grand scheme —plus you are limiting the problem arbitrarily, it is not only a risk of seizure and it is not only state actors one must worry about.

      1 reply 0 retweets 0 likes
    4. Hugo Nguyen‏ @hugohanoi Oct 12
      Replying to @anotherday____ @stephanlivera @NickSzabo4

      Hugo Nguyen Retweeted Hugo Nguyen

      This point👇🏼https://twitter.com/hugohanoi/status/1050924130487291904?s=21 …

      Hugo Nguyen added,

      Hugo Nguyen @hugohanoi
      Replying to @hugohanoi @anotherday____ and 2 others
      I see you conveniently ignore my point about the difference in cost *after* taking majority control :-)
      2 replies 0 retweets 0 likes
    5. Hugo Nguyen‏ @hugohanoi Oct 12
      Replying to @hugohanoi @anotherday____ and

      > Not in the grand scheme Can you elaborate? You still have not given any reasons to back up your argument that hardware dispersion is ineffective against the state.

      1 reply 0 retweets 0 likes
    6. Viktor Arvidsson  🕊‏ @anotherday____ Oct 12
      Replying to @hugohanoi @stephanlivera @NickSzabo4

      Can illustrate. Saudi Arabia just killed a journalist at their embassy. What was US response? Again the scope is false but question is then in which scenarios would state seize hardware (under what pretext). Some would lead countries to cooperate others would not. Lex Pirate Bay.

      1 reply 0 retweets 0 likes
    7. Viktor Arvidsson  🕊‏ @anotherday____ Oct 12
      Replying to @anotherday____ @hugohanoi and

      (Never said dispersion is ineffective—i.e. censorship resistant—I am saying that dispersion logics contradict the scale logic on which your overarching claim is made. If we take dispersion as positive then something in your argument is absurd logically speaking).

      1 reply 0 retweets 0 likes
    8. Viktor Arvidsson  🕊‏ @anotherday____ Oct 12
      Replying to @anotherday____ @hugohanoi and

      ((Sorry irresistant—too many negations.))

      1 reply 0 retweets 0 likes
    9. Hugo Nguyen‏ @hugohanoi Oct 13
      Replying to @anotherday____ @stephanlivera @NickSzabo4

      Obviously degree of decentralization matters, i.e., dispersion over 200 countries is better than 2. But you're missing the point. Point is PoW has this defensive option *at all*, due to physical HW on the ground. Disperse hardware is the last line of defense if pools are hacked.

      1 reply 0 retweets 1 like
    10. Hugo Nguyen‏ @hugohanoi Oct 13
      Replying to @hugohanoi @anotherday____ and

      In comparison, PoS validators are merely software & required to have sensitive keys online to sign txs. Validators can be targeted from anywhere remotely. Once keys are stolen & majority control lost (btw the threshold for majority control in PoS is 1/3, not 1/2), you’re screwed.

      1 reply 0 retweets 0 likes
      Hugo Nguyen‏ @hugohanoi Oct 13
      Replying to @hugohanoi @anotherday____ and

      Hugo Nguyen Retweeted Hugo Nguyen

      The other & even bigger issue, is this https://twitter.com/hugohanoi/status/1050924130487291904 … 
PoW: w/ majority control, still needs to spend a ridic amount of money to rewrite history/double-spend. PoS: majority control means doing these things at almost *no cost*. Overall, risks nowhere near comparable.

      Hugo Nguyen added,

      Hugo Nguyen @hugohanoi
      Replying to @hugohanoi @anotherday____ and 2 others
      I see you conveniently ignore my point about the difference in cost *after* taking majority control :-)
      1:38 PM - 13 Oct 2018
      • 1 Like
      • Stephan Livera
      1 reply 0 retweets 1 like
        1. Viktor Arvidsson  🕊‏ @anotherday____ Oct 13
          Replying to @hugohanoi @stephanlivera @NickSzabo4

          It is hard to miss a point that is overstated. Easier the other way around—if dispersion is mission critical design accordingly. I am not arguing the obvious just your reasoning—by implication hw+energy is not alchemy, there are other costs in play. You see this yet you don’t 🤷🏻‍♂️

          0 replies 0 retweets 0 likes
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