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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 Mar 13

      10/ Spreading Democracy has always been a lie: small nations are nothing but pawns pushed around to serve big nations’ interests. As apparent in this Department of Defense memo from John McNaughton to McNamara- the architect of the war.pic.twitter.com/uc65v6jPeo

      1 reply 2 retweets 26 likes
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    2. Hugo Nguyen‏ @hugohanoi Mar 13

      11/ All in all, the US spent 168 billion of dollars in Vietnam (roughly 1 trillion dollars in today’s terms), which stressed the already fragile US economy to the limits. To give some context, “billion” of debt was outrageous & “trillion” was unthinkable in those days.

      2 replies 3 retweets 18 likes
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    3. Hugo Nguyen‏ @hugohanoi Mar 13

      12/ When the US was “forced off” the Gold Standard, where did all that freely printed fiat money go? To fill the massive hole of debt & repay obligations incurred during the war.

      1 reply 3 retweets 21 likes
      Show this thread
    4. Hugo Nguyen‏ @hugohanoi Mar 13

      13/ In some sense, you can say that the Vietnam war & Nixon’s decision to leave the Gold Standard set up the monetarily irresponsible environment that led to the global financial crisis we saw decades later. Which led to the rise of Bitcoin, an antidote to that irresponsibility.pic.twitter.com/EK01GaeLMw

      4 replies 9 retweets 40 likes
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    5. Hugo Nguyen‏ @hugohanoi Mar 13

      14/ This isn’t to imply in any way that the Gold Standard was perfect. But at least with Gold, governments’ ability to freely print money is severely limited & the risks of capital misallocation & rising wealth inequality are kept in check.

      2 replies 3 retweets 26 likes
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    6. Hugo Nguyen‏ @hugohanoi Mar 13

      15/ Vietnam was not the first war that caused a government to print money excessively & bankrupt themselves. WWI & the decline of Roman Empire were other famous examples.

      1 reply 3 retweets 22 likes
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    7. Hugo Nguyen‏ @hugohanoi Mar 13

      16/ Violence has always had a close relationship with money. They feed on each other. Money is needed to finance violence, and (monopoly on) violence in turn extracts money & begets more violence.

      1 reply 6 retweets 27 likes
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    8. Hugo Nguyen‏ @hugohanoi Mar 13

      17/ It would be a mistake to overlook this relationship when we think about Bitcoin. Could Bitcoin change the equation?

      2 replies 1 retweet 13 likes
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    9. Hugo Nguyen‏ @hugohanoi Mar 13

      18/ Would a world run by Bitcoin, with potentially less powerful governments & more individual (financial) sovereignty, be less violent? Or more? Only time can tell.

      7 replies 6 retweets 44 likes
      Show this thread
    10. ecurrencyhodler‏ @ecurrencyhodler Mar 13
      Replying to @hugohanoi

      Sometimes I hesitate because the community can be especially nasty. Swatting Lopp and regular death threats isn't the most encouraging behavior.

      1 reply 1 retweet 3 likes
      Hugo Nguyen‏ @hugohanoi Mar 13
      Replying to @ecurrencyhodler

      yeah, Bitcoin isn't the panacea. Having sound money unfortunately won't fix our other vices 😐

      4:40 PM - 13 Mar 2018
      • 4 Likes
      • Eric Lombrozo CryptoDog 🐔🚀🌚 ecurrencyhodler The Litecoin School of Crypto ⚡️ [UASF]
      1 reply 0 retweets 4 likes
        1. James Yu [BTC  👍 LTC]‏ @OLXO_YU Mar 15
          Replying to @hugohanoi @ecurrencyhodler

          Yin and yang. One thing I’ve learned is that “good” vs “evil” is a perspective who is entirely dependent on which side of the fence you’re on. Ie- there is no truth.

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