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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. 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
    2. 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
    3. 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
    4. 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.

      3 replies 0 retweets 10 likes
    5. 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
    6. 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
    7. 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
    8. 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
    9. 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
    10. 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
      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.

      2:04 AM - 13 Feb 2018
      • 13 Likes
      • Jolls Byron Gibson David Escondido John [sold BCH at $6K] Carlos Neumann Blake Maczka Gaurav Sharma Nick Szabo⚡️ Monique 🏔⛷
      1 reply 0 retweets 13 likes
        1. New conversation
        2. 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
        3. 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
        4. 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
        5. 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
        6. End of conversation

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