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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 17 Dec 2017

      Hugo Nguyen Retweeted Tone Vays [@Bitcoin]

      1) The problem with the statement "Litecoin is just a testnet" is that an actual testnet doesn't have any economic activity on it. Litecoin does, massively (https://www.reddit.com/r/litecoin/comments/7icsk2/the_growth_of_litecoin …). In fact, Litecoin beats Bitcoin in many economic adoption metrics when they are both 6 years old.https://twitter.com/ToneVays/status/942451284233342977 …

      Hugo Nguyen added,

      Tone Vays [@Bitcoin] @ToneVays
      Since so many people are new to #Bitcoin/#Blockchian & continue to get caught up in "Get Rich Quick Pump & Dumps", I want to remind people of what @LukeDashjr said in 2013 about #Litecoin. It is even more True today as things like $LTC & $XMR while Honest Project remain Useless! pic.twitter.com/QWxCbLqc9z
      25 replies 182 retweets 515 likes
      Show this thread
    2. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      2) Saying SCRYPT offers no advantages over SHA256 misses the point. The point is that by choosing an incompatible hashing algo, Litecoin avoids fighting with Bitcoin for hash power, and make it a good hedge against Bitcoin, in case some political drama slows down / fucks up BTC.

      1 reply 8 retweets 113 likes
      Show this thread
    3. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      3) Saying faster block time offers no advantages over Bitcoin is again missing the point. The point is not about doing it better, the point is choosing a different security tradeoff.

      2 replies 6 retweets 88 likes
      Show this thread
    4. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      4) When you transact in Litecoin you have the option of waiting for just 2.5 mins and be reasonably assured that your tx is safe. In Bitcoin, you don’t even have the option! And god bless you when the network is clogged.

      1 reply 6 retweets 72 likes
      Show this thread
    5. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      5) Keep in mind that even with LN in place, the cost of opening/closing channels will be non-trivial, especially as block subsidy approaches zero, and doing LN in Litecoin will always be cheaper.

      1 reply 5 retweets 83 likes
      Show this thread
    6. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      6) I think @SatoshiLite’s hunch that LN won’t be to completely solve scaling alone is correct. Litecoin will have a role to play when it comes to the battle of scaling.

      1 reply 6 retweets 78 likes
      Show this thread
    7. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      7) All this also hasn’t factored in new potential for Litecoin with atomic swaps & CT.

      2 replies 5 retweets 70 likes
      Show this thread
    8. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      8) With atomic swaps, you can seamlessly transact in LTC or BTC, depending on your needs. With CT (which is arguably harder to roll out on BTC since it further bloats the chain), you have fungibility which is perfect for payments.

      3 replies 5 retweets 70 likes
      Show this thread
      Hugo Nguyen‏ @hugohanoi 17 Dec 2017

      9) Bottom line is Litecoin might be a clone, but it’s a very good clone that has managed to establish a strong ecosystem, independently of Bitcoin.

      1:08 PM - 17 Dec 2017
      • 9 Retweets
      • 98 Likes
      • Teymoorian [LTC] Eliot Ness' Cat SHANDY ELLIS-BROWN Martin Sip ⚡️ rudy ⚡️ Zack Graziano F. Geo Stone Chance
      1 reply 9 retweets 98 likes
        1. Hugo Nguyen‏ @hugohanoi 17 Dec 2017

          10) Litecoin chooses different security tradeoffs and different set of priorities (payments over SoV). And it has the option to further differentiate itself from Bitcoin in the future, *when the time comes*. All in all, this makes LTC massively undervalued.

          2 replies 11 retweets 119 likes
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