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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. Charlie Lee [LTC ⚡]‏Verified account @SatoshiLite Apr 7

      Lightning is unforgeable forever-redeemable gold certificates to Bitcoin's gold. * also unforgeable forever-redeemable silver certificates to Litecoin's silver 😁

      104 replies 339 retweets 1,651 likes
    2. Mr.Hodl 🌕 🍿‏ @MrHodl Apr 7
      Replying to @SatoshiLite

      No! "Lightning is Altcoin." - @EdgeSecure

      6 replies 3 retweets 52 likes
    3. Paul Puey‏ @paullinator Apr 7
      Replying to @MrHodl @SatoshiLite @EdgeSecure

      LN is analogous to RSK SBTC in that it has a 1to1 peg w bitcoin but functions on a different network and needs to be converted to and from with an associated cost. Like SBTC there are benefits to it over BTC. /1

      4 replies 6 retweets 20 likes
    4. Paul Puey‏ @paullinator Apr 7
      Replying to @paullinator @MrHodl and

      But it will be stored and shown in a wallet, accepted by various parties, and potentially valued at different amounts than BTC. Hence its strong similarities to an altcoin. Doesn’t mean it won’t be a very valuable altcoin but time will tell /2

      11 replies 3 retweets 24 likes
    5. Udi Wertheimer  🔨 [#reckless]‏ @udiWertheimer Apr 7
      Replying to @paullinator @MrHodl and

      Paul I'm sorry but you're reinventing the meanings of words. I watched the Facebook Live video, I agree that the tech is different (has different usecases also), but it's not an altcoin in any way. Not even remotely.

      3 replies 1 retweet 73 likes
    6. Paul Puey‏ @paullinator Apr 7
      Replying to @udiWertheimer @MrHodl and

      This industry is dynamically changing and new paradigms appearing. Words are being created and redefined and that’s to be expected. If a strong case can be made for the altered definition then so be it.

      6 replies 1 retweet 9 likes
    7. Udi Wertheimer  🔨 [#reckless]‏ @udiWertheimer Apr 7
      Replying to @paullinator @MrHodl and

      No one is using this definition. It's just you. Nice marketing stunt, but I don't see where the "strong case" is. You could've used words with meanings that people actually use. Like: "No we won't be supporting LN soon. It's a ton of work and we don't see enough demand yet".

      2 replies 0 retweets 87 likes
    8. Paul Puey‏ @paullinator Apr 7
      Replying to @udiWertheimer @MrHodl and

      Analogies help people understand concepts. The analogy of an altcoin is very strong. Your wallet will have to show you two balances, one in BTC and one in LN. When you spend, you’ll have to pick one. When you receive you’ll have to specify which to go into. /1

      12 replies 3 retweets 11 likes
    9. Eric Lombrozo‏Verified account @eric_lombrozo Apr 7
      Replying to @paullinator @udiWertheimer and

      Paul, I think you're mixing abstraction layers. At the consensus layer of the protocol, it very much is NOT an altcoin under any common usage of the term even if in the UI balances are displayed similarly.

      4 replies 2 retweets 91 likes
      Hugo Nguyen‏ @hugohanoi Apr 7
      Replying to @eric_lombrozo @paullinator and

      Yes. Another way to look at it is LN is a derivative of an asset (BTC), while altcoins *are* the assets. Saying LN is the same as altcoins because they have similar UI is like saying derivatives are the same as assets because they both have a price tag. Similar UI != sameness.

      12:34 PM - 7 Apr 2018
      • 6 Likes
      • ❌I B 🇦🇺 William Dhruv Bansal Héctor Cárdenas ecurrencyhodler Michael Real
      1 reply 0 retweets 6 likes
        1. 2357_is_prime  ⚡️‏ @2357_is_prime Apr 7
          Replying to @hugohanoi @eric_lombrozo and

          I'd say that everything that is redeemable for BTC in a completely trustless and uncensorable manner is equivalent to BTC. BTC in LN channels is such a case. Altcoins (and even things like Rootstock) on the other hand don't satisfy these properties, so they are not Bitcoin.

          0 replies 0 retweets 0 likes
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