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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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    Hugo Nguyen‏ @hugohanoi Feb 7

    No such thing as 2nd generation blockchain (ETH) or 3rd generation blockchain (ADA). It’s BS. The entire crypto space is still well within 1st generation blockchain (BTC): lots of not-well-understood, unexplored areas; with arguably only *one* proven use case: uncensorable money.

    4:48 PM - 7 Feb 2018
    • 33 Retweets
    • 185 Likes
    • Vitalik Nakamoto Eduardo Bitcoin ❌I B 🇦🇺 Kevin Dut Helene Unland Angelicus Mahmoud Hmaidi Crypto Marauder ⚡️⚡️⚡️ ⚡CRYPTOLOGIST⚡
    11 replies 33 retweets 185 likes
      1. Hugo Nguyen‏ @hugohanoi Feb 7

        It’s laughable because for something to be qualified as a new “generation”, it needs to 1) run live in production 2) have actual proven use cases and 3) stand the test of time.

        0 replies 2 retweets 35 likes
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      2. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Feb 7
        Replying to @hugohanoi

        Agreed. Blockchain is a broadcast protocol, meaning it’s all or nothing. There isn’t much innovation you can do on such a system, only optimization. It’s limited by its nature. We need to build on top, not in. These platforms while noble and nice ideas, are impractical.

        1 reply 0 retweets 8 likes
      3. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Feb 7
        Replying to @realLudvigArt @hugohanoi

        Which is why they are failing (becoming centralized) and smart money (the more technically inclined) is quietly exiting.

        1 reply 0 retweets 3 likes
      4. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Feb 7
        Replying to @realLudvigArt @hugohanoi

        The base layer of any blockchain MUST remain as simple as possible, you can do the fun stuff (innovation) ON TOP of it, not IN it.

        0 replies 0 retweets 6 likes
      5. End of conversation
      1. CryptoUnicornRider  ⚪ ⚫‏ @mjdso13 Feb 7
        Replying to @hugohanoi

        I agree. You should read the #Byteball [ $Gbyte ] #whitepaper : https://byteball.org/Byteball.pdf 

        0 replies 0 retweets 2 likes
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      1. Litecoin Invester [LTC10K]‏ @tiendatbk85 Feb 7
        Replying to @hugohanoi

        they can call whatever they want. I call BC is Before Crypto and AC is After Crypto. No 2nd or 3rd.

        0 replies 0 retweets 2 likes
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      1. Spinte‏ @spinte7 Feb 8
        Replying to @hugohanoi

        Taking a basic data structure like a linked list and making it super complex (neural linked list based on loop back feed forward algorithm - blockchain 5.0) does't make it batter, it makes it harder to maintain, understand and develop on. That's the mistake of many cryptos.

        0 replies 0 retweets 1 like
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      2. mr Jimbo‏ @jimbo_mr Feb 7
        Replying to @hugohanoi @_Kevin_Pham

        what about using the blockchain as a database to store other information outside ledger balances?

        1 reply 0 retweets 0 likes
      3. bedazzled fan blade‏ @spoonfox Feb 7
        Replying to @jimbo_mr @hugohanoi @_Kevin_Pham

        Information is money.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. gemc2‏ @gemc2x10 Feb 8
        Replying to @hugohanoi

        I agree there is one proven use case. I disagree the rest are bullshit. In any case, there is no reason not to continue exploring, wouldn't you agree?

        0 replies 0 retweets 0 likes
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      1. Andrej Cibik [#HODL]‏ @AndrejCibik Feb 8
        Replying to @hugohanoi

        Why not all of it simultaniously? :D

        0 replies 0 retweets 0 likes
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      1. DataInforms‏ @DataInforms Feb 7
        Replying to @hugohanoi @MEKhoko

        Each "generation" can leapfrog the technical debt of its predecessor; so even if we question the term "generation" the later techs can have significant advantages, assuming they have paid attention to their predecessors' weaknesses

        0 replies 0 retweets 0 likes
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      1. Toco Joe‏ @Crypto_Toco Feb 7
        Replying to @hugohanoi

        Hmm 🤔 not sure I agree

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