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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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    Two-way (sending and receiving) short codes:

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    1. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      But so is reducing onchain user count. It encourages users to use possibly centralized L2 platforms which may become regulatory choke points

      10 replies 20 retweets 103 likes
    2. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      Personally, I believe that the principle of conservatism (which IMO is a good one) actually leads to a different conclusion...

      1 reply 6 retweets 33 likes
    3. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      Namely, when trading off between risk A and risk B, take the middle road.

      1 reply 7 retweets 40 likes
    4. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      In general, harm from risks is superlinear, so if you must choose risks then spreading allocation is wise. Cf. "everything in moderation"

      2 replies 10 retweets 39 likes
    5. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      In this case, I think the correct principle is: cost of sending a tx and cost of running a node should rise at the same rate.

      5 replies 12 retweets 79 likes
    6. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      Fees are now 100x higher, so should wait for cost of a node to increase 100x before letting fees increase more.

      9 replies 16 retweets 81 likes
    7. Johnson Lau‏ @johnsonlau01 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      This is totally misleading. Miners earn everything while nodes earn nothing

      7 replies 1 retweet 12 likes
    8. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @johnsonlau01 @NickSzabo4 @bendavenport

      The "profit" of running a node is the ability to verify transactions.

      4 replies 8 retweets 55 likes
    9. Johnson Lau‏ @johnsonlau01 3 Sep 2017
      Replying to @VitalikButerin @NickSzabo4 @bendavenport

      Yes, but the fee level has nothing to do with the ability to verify

      1 reply 0 retweets 8 likes
    10. Vitalik Non-giver of Ether‏Verified account @VitalikButerin 3 Sep 2017
      Replying to @johnsonlau01 @NickSzabo4 @bendavenport

      Correct. The fee level has to do with the ability to write. Full node cost has to do with the ability to read.

      2 replies 6 retweets 33 likes
      Hugo Nguyen‏ @hugohanoi 5 Sep 2017
      Replying to @VitalikButerin @johnsonlau01 and

      this assumes "cost to send == cost to verify" is desirable. not true. the 1st only impacts usability, the 2nd impacts usability & security.

      12:34 PM - 5 Sep 2017
      • 2 Likes
      • Nick Szabo⚡️ Spencer Bogart
      0 replies 0 retweets 2 likes

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