/biz/ - Business & Finance

>>54907067
Permissioned shitcoin competing with Robinhood for market share, massively overvalued today by a factor of 100 probably.

>>54907067
It’s yet another DOA eth killer. Same as Algorand, Cosmos, Cardano, etc. it won’t work because all the liquidity, users and development are on ETH and its L2s. It doesn’t matter that ETH is held together with duct tape and bubble gum, your ghost chain is DOA. Sorry.

>>54907067
>either an obvious bag holder moon boy or an obvious shill.
thats the same thing you fucking retard

>>54907124
I meant shill for hbar competitors.

>>54907067
Focused on corporate/government adoption
Fees pegged to USD means that token price doesn't affect transaction price
Cheap fees mean it needs a shitload of TPS to be profitable
TPS currently ~900 consistently, currently throttled to a max of 10k with theoretically unlimited cap (sharding)
Hedera's goal is to run every minor transfer/transaction/computation on the hashgraph, generating insane amounts of TPS and therefore $$$
It has the tech to make its goal viable (fees, speed, security) but it's more of a question if corpos/govts think they need to put things on a blockchain or just keep using their own private databases.
If crypto will succeed in real business applications, then Hedera will be at the forefront. If it'll only ever be jpegs and "stores of value" then hbar will die.

>>54907147
All you have to know is that it makes crypto purist faggots and baggies from btc ada xrp eth icp algo seethe. It’s a unique project and if you don’t have a bag, you’re ngmi. Expect to hold long term.

>>54907067
I will openly admit that I am an Hbaggie. I personally think Hedera will take over everything, but I can be wrong, and the following is my more objective analysis, along with my explanation why opinions are so split on this coin.

Hedera Hashgraph is a ~4 year old crypto project that sells itself on low fees and high scalability. It is currently running ~1000 transactions per second, mostly from a single usecase that is continuously updating information about items it is tracking. (This use case also recieved its Hbar to pay for these transactions from the HBAR Foundation.) It is currently openly centralized, in that you know who controls what, and it prides itself on its council. This is a divisive issue, as those who see the council as a stabilizing factor and a way to reach out to large corporations for additional use cases would say that it's a positive, whereas those who are more anti-corporate or are more ideologically pure would see this as a downside. Hedera claims it is already one of the least centralized cryptos out there, as the majority of the hash rate of other cryptos is handles by a very small number of nodes, but it's not quite an apples to apples comparison, though they do cite the bitcoin fork that made bitcoin cash as an example of the node operators using their centralized control to make the system unfair.

There is another strain of thought that Hbar's fees are way too low to support any kind of high evaluation, as it would need TPS in the tens of thousands to hundreds of thousands to become profitable. Currently to do a transaction on ETH, it costs ~$20. To do a transaction on Hedera costs $0.0001. Hedera consumes much, much less electricity in comparison to ETH, which helps explain the price difference, but another explanation is that because you can't frontrun a Hedera transaction, there is no bidding war propping up the ETH transaction price.

1/?

>>54907730

Another knock against Hedera is that to truly decentralize, it needs to have a high enough evaluation to release all of the HBAR safely. (If the price is too low, a large enough whale could scoop up 1/3 of the hbar and render the whole project null.) There are those who argue that without decentralization already in place, then the price of HBAR will not rise, as it is too speculative of an asset or too tightly controlled. This could put HBAR into a catch-22 of sorts.

Another argument against Hedera is its price action during the last bull market, and the token release schedule. Hedera has only released 3/5ths of it's total supply, so the circulating supply will continue to dilute until 2035, which will likely affect price action.

Something I label as a pro for Hedera is its institutional connections. Despite being a relatively new and unpopular coin, it has connections to the US government and the WEF. Last week, the head of global policy at hedera spoke to the House Agricultural Committee. Mance has had an article posted to the WEF's website, and Hedera had a spot in the last meeting at Davos. Those who are ideologically against these groups could see this as a bad thing.

Additionally, if you are looking for quick gains, Hedera is likely not what you are looking for. As it is a professionally managed shitcoin, it is unlikely for the controllers of it to play the same kind of games that a coin one dude created on a laptop would be able to play to massively increase its evaluations overnight. Hedera strives for regulatory compliance, and is pushing for compliance throughout the industry, so anyone who like a more free-for-all will likely not appreciate Hedera's push to close the shitcoin circus down.

2/3

>>54907067
Ask yourself this:

>Why would any top nasdaq/sp500 company allow its name on the websiite of a scam project?

>>54907067
In summation:

Hedera is striving to fill a niche in the crypto world that has been relatively empty. Its speed, price per transaction, and electricity efficiency are its main selling points, and it currently has the highest actively used TPS of any crypti. There are those, like me, who believe this will give Hedera a competitive edge against the competition, but it is an admittedly uphill battle. Bitcoin and Eth both have momentum, brand awareness, and historic mass retail adoption on their side. I believe that as we move forward, people that are building crypto projects that aren't just rugpulls or ponzis will see that Hedera would be the best option technologically, and will shift development to it.

But, there is a chance that this will not be the case, and if Hedera does not hit a critical mass of adoption, the project will fail, and it will fade away along with 99% of cryptos.

I like to think the counter-shilling is either very bored bagholders or -and this is my conspiratorial mind thinking- that it is people who are scared of what hedera can do to sink their bags.

I hope this rambling has been understandable, and if you have any questions I would be happy to reply. Additionally, if anyone has any critiques of what I've written, I'd be happy to hear opposing opinions.

>>54908113
How come there seems to be zero coorelation between the hbar price and the adoption and tps of hedera?

>>54908635
Three major reasons I can think of are this:
First, much of the TPS being cranked through is funded by the HBARF (hbar foundation). So most of the TPS is being processed does not source its HBAR from the open market. HBARF is encouraging people build on hedera by subsidizing these transactions, and the hope is that these usecases will prove themselves to be value generating such that in the future the usecases will be willing to buy off the open market, which would stimulate price.

The second one I can think of is that the TPS is not high enough to justify a higher price. I had once made a price calculator that (with some general assumptions) showed that every 1000 TPS would increase the value of an HBAR by $0.03, provided that the only valuation for HBAR came from staking rewards. (This calculator assumed that we had reached the permissionless node step, where you could have your own node to stake your own hbar.)

The third reason is that TPS currently does not affect staking rewards. Everyone is being subsidized 6.5% of their staked HBAR's value, regardless of what the TPS is at. There will actually come a point, relatively soon, where the 6.5% we are receiving would be less than what the rewards would be if the final incentive structure were be in place, as the price of an HBAR adjusts the amount of HBAR a node would receive from staking. This is one of the catch-22's I talked about. If the final rewards structure were in place now, there would be too much centralization of HBAR too quickly in the hands of unknown whales.

The fact that Hedera is fighting so much to counter this is one of the reasons I think the price has been stagnant and bleeding. There is no easy way for someone to cheat the system and raise the price of their own asset. HBAR is not playing the same kind of game that other cryptos do.

https ://www.youtube.com/watch?v=atxWmj4V8Dw&ab_channel=HashChad

they continue to get a nice cash grab selling hope to the hopeless

>>54907067
Got halted recently. It's not prepared for a real bullrun.

>>54908892
thanks for the high effort posts

10k tps + 3-7 second finality. (10k throttled from 500k)
their finality time is quite unique.
the transactions from Atma.io generates around $100k in revenue each month, currently tracking around 1.8 BILLION transactions this last month, or 1 BILLION over the last 12 days.
this is real network usage, eth has only achieved a cumulative of around 7 billion transactions over it's entire lifetime
the price is low per coin, so you feel rich holding a huge bag.
leemon is a schizo and thinks he talks to god directly and schizophrenia is highly correlated with intelligence.
leemon & mance are both ex-military.
the governing council has many globohomo companies, google, IBM, dell to name a few.
it's the only net negative carbon emissions cryptocurrency, it's also the most energy efficient.
it's on the WEF's site, they're at Davos, they're mentioned by the WEF for many of their initiatives, and those initiatives are also very strongly aligned with the US government's agenda. e.g. pic related.
CBDCs will run on hedera.
HBARF has funded $5 billion for startups to build on hedera. that investment is around 100x larger then other cryptocurrencies for developing their app's ecosystem.
you can natively stake for 6.5% from your ledger, don't need an intermediary to be custodians, no risk, just 'free money'.
the project is transparent and open source.
there are really only 2 downsides.
>it will take a while for all coins to be in circulation and there is constant price suppression until that happens.
>it's the 'beast chain'

>>54909942
>fueling the jewish war
so this is what they mean by "carbon negative"

Look no further than leemonswap for an objective analysis.

>>54908892
>HBAR is not playing the same kind of game that other cryptos do.
that's a given, hbar is centralized and permissioned. it's essentially an expensive database with a shitty nonstandard api

>>54910013
the name 'Hedera' means 'all consuming'.
given current government domestic intervention:
>30% PoW excise tax
>all PoS are securities
>SEC enforcement against CEXs
>deliberately shutting down banks that work with CEXs, silvergate
given the intervention and introduction of btc ordinals (brc-20), I expect btc & eth to both die off.
and then Hedera will become the new shitcoin marketplace but also have real business value.
also HBAG won the juicyverse.
it's kind of a big deal.

>>54910093
>it's essentially an expensive database
what kind of businesses could benefit from an expensive database they don't understand?
well, basically any and all businesses that want some of that 'crypto action'.
but they've realized they're fucked out the ass on gas fees on eth.
so they can do the same blind adoption, but far cheaper.
and when they try to go down that rabbit hole, they are met by the HBARF.
pic related is real, google it yourself.

>>54907067
Some of my favourite features
-can donate money from locked treasury
-won't suffer any attacks like the ones on ethereum because they can stop everyone from accessing the network
-parthered with pioneers like deepak chopra
-partnered with many other major companies most of whom have already deployed their products on other blockchains or are also working with other blockchains without being given major control of the network.
-dogshit documentation and developer support to ensure that only the most dedicated people can make dapps on it.
-5 billion figure was a bull market number the top. Their current fully diluted mcap is half of that. Most of that fund goes to their friends who are building products anyway.
-On that note, they can change the plan to release tokens earlier than schedule even when promising they won't release tokens earlier than schedule
-perfect coin to hold if you have 0 crypto knowledge and want to have a blind faith in some personality who you believe is only testing your faith.

>>54910230
>parthered with pioneers like deepak chopra
heran shah was just appointed to 'the hashgraph association' as executive director.

>>54910230
>parthered with pioneers like deepak chopra
Nilmini Rubin represented hedera to the US house committee of agriculture.

>>54910359
I watched this and the agriculture usecase makes no sense. The point of block chain is the trust it provides, when you start createn tokens to represent real world things, there is no trust. A farmer could just say he planted flowers and sell his flower token and no one would check.

>>54910381
>A farmer could just say he planted flowers and sell his flower token and no one would check.
that would be fraud.
carbon offsets are classified as commodities and are regulated by the CFTC.
committing fraud on a DLT would be about as dumb as one could be, given the 'paper trail' wouldn't be able to be deleted.

>>54910431
So the globohomo coin is designed to have an incorruptable globohomo fart inspector monitoring every molecule of carbon so that no one can commit fraud? As soon as you try to connect the block chain to something that is real, it falls apart, it turns to fiat.

>>54910451
I bet that sounded funnier in your head.
probably sounded smarter, too.

>>54907067
Yeah. Me. It's an umpumpable and worthless piece of shit

>>54910517
>no response
You cant dismiss obvious problems by saying "someone will regulate it". Any use case that invloves physical real world items is flawed.