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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 20

      Hugo Nguyen Retweeted Max Fang

      1/ Exactly. I never understood why companies cannot build so-called "tokenized services" directly on top of established tokens such as BTC (yes, BTC was the original token). The whole category of "utility tokens" just doesn't make any sense.https://twitter.com/MaxFangX/status/976031730460012545 …

      Hugo Nguyen added,

      Max Fang @MaxFangX
      Adding a token to a network is like a country forcing you to pay in their national currency. If your vendor in Japan accepts USD, why must you use JPY? If a dapp service provider accepts BTC, why must you use ICOcoin?
      Show this thread
      42 replies 137 retweets 448 likes
      Show this thread
    2. Glen Hendriks‏ @GlenHendriks Mar 21
      Replying to @hugohanoi

      "I never understood why companies cannot build so-called "tokenized services" directly on top of established tokens such as BTC" Please read the attached picture.. #OST $OST http://ost.com pic.twitter.com/9C71sRJJIP

      5 replies 11 retweets 29 likes
    3. Hugo Nguyen‏ @hugohanoi Mar 21
      Replying to @GlenHendriks

      Hugo Nguyen Retweeted Hugo Nguyen

      Nope, still does not make any sense. All reasons you listed are benefits for the companies & creators themselves, not for the end users. Utility tokens actually hurt the end users, and do not solve a real problem.https://twitter.com/hugohanoi/status/976601253634387970 …

      Hugo Nguyen added,

      Hugo Nguyen @hugohanoi
      1/ The fact that people still ask questions like this shows how not-well-understood Bitcoin still is. Bitcoin token has value because it directly represents the asset it tokenizes: an unforgeable, costly and decentralized ledger. (thx @NickSzabo4 for the lovely term). https://twitter.com/leoncfu/status/976469536894521345 …
      Show this thread
      4 replies 0 retweets 13 likes
    4. Glen Hendriks‏ @GlenHendriks Mar 21
      Replying to @hugohanoi

      There are clear benefits for consumers as well.. #OST $OSTpic.twitter.com/rALs6DutFz

      1 reply 3 retweets 3 likes
      Hugo Nguyen‏ @hugohanoi Mar 22
      Replying to @GlenHendriks

      1, 2 & 4 are essentially rehashing the same argument & no, that doesn't explain how adding friction in the form of multiple tokens help the users. Having multiple types of currencies/credit cards/airline point systems is an inefficiency, not something to be proud about.

      1:04 AM - 22 Mar 2018
      • 5 Likes
      • CryptoTheShit CoinDinosaur ⭐️ CSC Jomari Peterson
      4 replies 0 retweets 5 likes
        1. New conversation
        2. Hugo Nguyen‏ @hugohanoi Mar 22
          Replying to @hugohanoi @GlenHendriks

          3 is simply not true. The tokens lose all value if the airlines drop support for them or go under. Ownership of token != ownership of asset (in this case, real flight mileage).

          1 reply 0 retweets 2 likes
        3. blablabla‏ @ElGordodel2012 Mar 22
          Replying to @hugohanoi @GlenHendriks

          If you could use your failed airline/ droped tokens into another airline program, service or just convert it to fiat/crypto then problem solved?

          1 reply 1 retweet 3 likes
        4. Hugo Nguyen‏ @hugohanoi Mar 22
          Replying to @ElGordodel2012 @GlenHendriks

          you're assuming you can exchange the failed tokens for a good price? who would be the buyers of these failed tokens when you want to sell? 🙂 the moment they fail, their price on the market would immediately drop to zero.

          6 replies 0 retweets 1 like
        5. Glen Hendriks‏ @GlenHendriks Mar 22
          Replying to @hugohanoi @ElGordodel2012

          But that is the point.. if a business that has tokens made with OST fails, the tokens can always be swapped for OST (with use of the OST Wallet, no hassle with exchanges for consumers) to get their value back. This can then be spent at any OST based economy elsehwere.

          1 reply 1 retweet 3 likes
        6. Hugo Nguyen‏ @hugohanoi Mar 22
          Replying to @GlenHendriks @ElGordodel2012

          What? this doesn't make any sense. So OST the platform functions like a bank that guarantees the value behind the tokens? Are all BT-to-OST exchange rates fixed? (BT = 'branded token' using your terminology)

          4 replies 0 retweets 0 likes
        7. Glen Hendriks‏ @GlenHendriks Mar 22
          Replying to @hugohanoi @ElGordodel2012

          I fully recommend reading this:https://medium.com/@glen_hendriks/ost-explained-684938740e98 …

          1 reply 0 retweets 1 like
        8. Hugo Nguyen‏ @hugohanoi Mar 22
          Replying to @GlenHendriks @ElGordodel2012

          So when users have BTs, they are guaranteed a fixed BT-to-OST conversion rate. Apologies for not reading your article before making above statement. BTs are hard-pegged to OST, got it.

          6 replies 0 retweets 0 likes
        9. Hugo Nguyen‏ @hugohanoi Mar 22
          Replying to @hugohanoi @GlenHendriks @ElGordodel2012

          But with all due respect, I still don’t see the point. Nothing changes here. All you’re doing is allowing companies to outsource the risks normally associated with utility tokens (if the companies were to launch their own) to somebody else - the OST token.

          1 reply 0 retweets 0 likes
        10. 4 more replies
        1. Eric‏ @ericzoo Mar 22
          Replying to @hugohanoi @GlenHendriks

          You should try and see it from a business owner point of view. If you can't then that is your problem. A bit immature to pounce on Point systems when its found all over (Quora, Medium, Stack overlow, etc.)

          0 replies 0 retweets 4 likes
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        1. CryptoTheShit‏ @CryptoTheGreat Jul 30
          Replying to @hugohanoi @GlenHendriks

          Why do u waste ur time arguing with a paid shill? He's obviously trying to promote his business.

          0 replies 0 retweets 0 likes
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        1. BelsonsCrypto‏ @crypto_mcd Mar 22
          Replying to @hugohanoi @GlenHendriks

          I feel like your ego has blinded you from all common sense. Speaking of useless coins u see you are a developer for litecoin please explain noob.

          0 replies 0 retweets 0 likes
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