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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. Nick 'Poisonous Sting' Johnson‏ @nicksdjohnson Feb 12
      Replying to @TokenHash @realLedgerwatch and

      I still don’t get it. Governance is hard enough as-is. Why would you want to make it deliberately worse?

      4 replies 0 retweets 5 likes
    2. Byron Gibson‏ @byrongibson Feb 12
      Replying to @nicksdjohnson @TokenHash and

      There’s an assumption underlying most governance conversations that governance is needed, but blockchain is fundamentally about challenging that assumption. It may ultimately turn out that some form of governance is needed, but it’s too early to concede that.

      1 reply 1 retweet 12 likes
    3. Michèle Finck‏ @finck_m Feb 12
      Replying to @byrongibson @nicksdjohnson and

      Governance has been around for as long as blockchains have. Satoshi’s departure had governance implications (and might have been a governance decision) the DAO hack was remedied through governance, each BIP and EIP are about governance. It’s not a question of ‘if’ but ‘how’.

      3 replies 1 retweet 14 likes
    4. Vlad Zamfir‏ @VladZamfir Feb 12
      Replying to @finck_m @byrongibson and

      Also, if we pretend that blockchains don't need governance, then we will find ourselves with our pants down when governance is urgently needed

      3 replies 4 retweets 17 likes
    5. Andrew "Team No One" Glidden‏ @asglidden Feb 12
      Replying to @VladZamfir @finck_m and

      There's no such thing as an institution without governance, short of total immutability (which is not technologically possible since code can always be forked). The question is better/worse, not yes/no. Voice vs exit, which factions get how much say, aligning incentives...

      2 replies 2 retweets 12 likes
    6. Byron Gibson‏ @byrongibson Feb 12
      Replying to @asglidden @VladZamfir and

      There is some thinking that total immutability could actually happen, once a blockchain hosts enough value and enough parties with different interests become invested, it could become too difficult to make any changes to the code anymore. See SegWit as a possible precursor.

      3 replies 0 retweets 5 likes
    7. Andrew "Team No One" Glidden‏ @asglidden Feb 12
      Replying to @byrongibson @VladZamfir and

      That's still only "immutable" by social consensus (or, less charitably, stalemate).

      1 reply 0 retweets 4 likes
      Hugo Nguyen‏ @hugohanoi Feb 13
      Replying to @asglidden @byrongibson and

      1/ I feel like we’re mixing things here. “Immutability” in the context of blockchains usually refers to immutability of the ledger, not the protocol.

      2:00 AM - 13 Feb 2018
      • 10 Likes
      • Reyds Pontus Lindblom Jake Zeal ⚡️ Sean Byrne CallMeGwei Scott Patrick Juan Gutiérrez Elaine Ou 🐤 Monique 🏔⛷
      3 replies 0 retweets 10 likes
        1. New conversation
        2. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          2/ If you’re talking about ossifying the protocol, that’s a different question. Agreed with @byrongibson that at some point the protocol will get exponentially harder to change, once enough layers & vested interests have been built on top.

          1 reply 0 retweets 8 likes
        3. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          3/ This will happen to any blockchain with significant mass adoption.

          1 reply 0 retweets 2 likes
        4. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          4/ You can of course ignore the ossified protocol & keep adding your own stuff to it. But likely no one would want to use your custom protocol.

          1 reply 0 retweets 1 like
        5. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          5/ Just look at how hard it is to upgrade the Internet Protocol. Many years ago, I worked for a telecom company & personally witnessed how painfully slow carriers move in terms of adopting IPv6- despite everyone knowing how much better IPv6 is.

          1 reply 0 retweets 3 likes
        6. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          6/ RE: Governance, if the protocol gets ossified, there’s less of a need for governance or BIP process. So in some sense, we *want* to ossify quickly, in order to avoid the governance mess. An ossified protocol is like Gold: it has fixed properties. No one can mess with it.

          3 replies 0 retweets 8 likes
        7. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          7/ Governance, then, is more important during the development of a protocol. In this regard, we can let different blockchains experiment with different governance processes, and let them duke it out.

          2 replies 1 retweet 5 likes
        8. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          8/ I’m of the opinion that BIP/OSS process is already adequate. When it comes to building infrastructure software, you want the most qualified people to make the decisions. It shouldn’t be a democracy.

          1 reply 0 retweets 13 likes
        9. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          9/ Regular users don’t understand the nuances of technical parameters like block size, as @NickSzabo4 pointed out. In that sense, letting “users”/“miners” vote in the BIP process is not a good idea, because you’re assuming these parties are qualified to make technical decisions.

          4 replies 0 retweets 11 likes
        10. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          10/ Keep in mind, miners can already send technical people to represent themselves in the BIP process. So could a party like Coinbase. No one is stopping them from participating.

          1 reply 0 retweets 3 likes
        11. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          11/ If you are technically competent, you can contribute. Period. No need to distinguish devs vs. users vs. miners vs. exchanges. Think about it, how would you know a dev is not already working for a miner?

          1 reply 0 retweets 3 likes
        12. Hugo Nguyen‏ @hugohanoi Feb 13
          Replying to @hugohanoi @asglidden and

          12/ TL;DR: Blockchain governance should be a question of expertise, not democracy.

          0 replies 2 retweets 6 likes
        13. End of conversation
        1. New conversation
        2. Nick 'Poisonous Sting' Johnson‏ @nicksdjohnson Feb 13
          Replying to @hugohanoi @asglidden and

          From painful experience, people use "immutable" to refer to a variety of things. Immutability of the ledger is guaranteed cryptographically, and so is frequently taken for granted. More often when people argue about immutability they're talking about not changing the rules.

          1 reply 0 retweets 0 likes
        3. Michèle Finck‏ @finck_m Feb 13
          Replying to @nicksdjohnson @hugohanoi and

          That's not my experience - people usually use it as an ill-chosen synonym for the tamper-resistance of the information stored on blockchains.

          1 reply 0 retweets 0 likes
        4. Nick 'Poisonous Sting' Johnson‏ @nicksdjohnson Feb 13
          Replying to @finck_m @hugohanoi and

          Right, but the information they have in mind is things like balances and state, not the ledger. A hard fork can affect balances without touching the ledger.

          1 reply 0 retweets 0 likes
        5. Elaine Ou  🐤‏Verified account @eiaine Feb 13
          Replying to @nicksdjohnson @finck_m and

          Elaine Ou  🐤 Retweeted Nick 'Poisonous Sting' Johnson

          "Immutability" can't really be used in the same context btwn Ethereum and Bitcoin, because in BTC state *is* the tx ledger, whereas with ETH it's separate. ETH can follow the letter of the law (immutability) while violating the spirit of the law.https://twitter.com/nicksdjohnson/status/933233147185053697 …

          Elaine Ou  🐤 added,

          Nick 'Poisonous Sting' Johnson @nicksdjohnson
          Replying to @splix
          Actually, no - because the ETH fork didn't reverse any transactions. Bitcoin could absolutely do the equivalent of the dao fork by spending some utxos without the correct signatures.
          1 reply 0 retweets 7 likes
        6. Nick 'Poisonous Sting' Johnson‏ @nicksdjohnson Feb 13
          Replying to @eiaine @finck_m and

          Bitcoin could do the same - with a hard fork that invalidates certain UTXOs, or inserts transactions that don’t require signature validation, for instance.

          1 reply 0 retweets 0 likes
        7. Elaine Ou  🐤‏Verified account @eiaine Feb 13
          Replying to @nicksdjohnson @finck_m and

          right, but invalidating UTXOs or inserting invalid tx's would be reversing tx's and tampering with the ledger, which violates "immutability". ETH can claim it never reversed any transactions with a straight face because it tampered with the state, not the ledger.

          3 replies 1 retweet 4 likes
        8. Nick Szabo ⚡️‏ @NickSzabo4 Feb 13
          Replying to @eiaine @nicksdjohnson and

          If you told an accountant that you had directly tampered with the balances, they would certainly conclude that you had tampered with the ledger. That's how people who work with ledgers use the terms, or at least used them before Ethereum.

          2 replies 7 retweets 29 likes
        9. 1 more reply
        1. Michèle Finck‏ @finck_m Feb 13
          Replying to @hugohanoi @asglidden and

          yes - my thoughts exactly!

          0 replies 0 retweets 1 like
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