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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. Tuur Demeester‏ @TuurDemeester Jan 13

      Tuur Demeester Retweeted Hugo Nguyen

      PoS vs PoW tweetstorm that digs into the fundamentals. Great overview of the argument:https://twitter.com/hugohanoi/status/951762596255838209 …

      Tuur Demeester added,

      Hugo Nguyen @hugohanoi
      1/ Here’s why I think Ethereum & Proof-of-Stake are bad ideas.
      Show this thread
      64 replies 211 retweets 661 likes
    2. Hugo Nguyen‏ @hugohanoi Jan 13
      Replying to @TuurDemeester

      Thanks Tuur. To add since so many people seem to be missing the point... “What about tech innovations? Cars vs horses? LED vs. lightbulb? Aren’t those examples of using less energy to achieve the same goal?” No because in those cases there are exploitable inefficiencies.

      4 replies 4 retweets 24 likes
    3. Yo Crypto‏ @Yo_Crypto Jan 14
      Replying to @hugohanoi @TuurDemeester

      Everybody is missing your point because you failed to make it. You misused physics to make people believe you understand economics, while trying to explain the difference between 2 techs. Try sticking to the tech, and state real differences, not abstractions you don't fathom.

      1 reply 0 retweets 3 likes
    4. Tuur Demeester‏ @TuurDemeester Jan 14
      Replying to @Yo_Crypto @hugohanoi

      How did Hugo misuse physics?

      1 reply 0 retweets 0 likes
    5. Yo Crypto‏ @Yo_Crypto Jan 14
      Replying to @TuurDemeester @hugohanoi

      Trying to apply COE to money (or anything with subjective value - to which there are no limits). It's not a closed system, and that is required. It starts out as an inequality, and just gets worse from there. A consequence of his argument would be static prices.

      1 reply 0 retweets 3 likes
      Hugo Nguyen‏ @hugohanoi Jan 14
      Replying to @Yo_Crypto @TuurDemeester

      Money is subjective, but immutability in PoW is *not* subjective due to the properties of one-way hash function. All I'm saying is there is a direct, 1-to-1 relationship between mining energy usage and immutability. Remove the energy, and you remove the immutability.

      2:01 PM - 14 Jan 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. rcrsv‏ @rcrsv Jan 14
          Replying to @hugohanoi @Yo_Crypto @TuurDemeester

          First law of thermodynamics doesn't apply to algorithms. Ex: Quicksort uses recursion to sort a billion integers with 50,000 times fewer operations than bubble sort. A better algorithm can get you something for nothing! No cosmic constant controls energy needed to secure 1 BTC

          1 reply 0 retweets 1 like
        3. Hugo Nguyen‏ @hugohanoi Jan 15
          Replying to @rcrsv @Yo_Crypto @TuurDemeester

          Ehh no. It still does. The fact that a new algo / new hardware allows you to perform a task more efficiently, simply means that the old algo / hardware wasted more electricity / kinetic energy than necessary. But you still use energy. It's not "nothing".

          0 replies 1 retweet 4 likes
        4. End of conversation

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