founders?? And what kind of consequencies this will Have?
All amazing consequences as Hedera is now open source. This was 100% necessary for Hedera to take off. The code is now open and owner by no individual group or company.
I like to tell people to think of it this way. Would Google or Amazon want to build a huge supply chain inventory on Hedera if it was owned by a single company. Wherr any given day they can just say screw this and shut shop. So it is now like the internet. It's not owned by anyone or any company but everyone can build on it. Bad example but at least one way to think about it.
Not to dredge up this conversation again...but another misunderstood aspect of the scheduled founder sales of hbar is that they were necessary part of decentralization. Hedera is proof-of-stake, therefore an excessive stake held by the Founders would effectively give them an outsized influence over the entire protocol over and above their influence as Founders and inventors. Those sales go hand in hand with the restructuring of the council itself and moves towards proxy staking. As for the effect on price, I'll just repeat what I said last weekend. They announced in October 2020 that Founders and early investors would schedule sales of 142 million hbars on the market for various reasons in 2021. You could have sold right then and there. Hedera was perfectly transparent...and if you had sold then you would have lost the 10x appreciation that happened by March 2021 and was maintained with normal volatility for the rest of the year.
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