Just out of interest roughly how long would it take

Question

Hedera Community Chat ($HBAR)

Kas Per

Just out of interest roughly how long would it take

the googles or microsofts of the world to copy hedera? Just checking my moat, that's all

#cryptocurrency #english #hbar

0

09.05.2022

9 ответов

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P K

Crypto Consciousness
It wouldn't take them any time at all...but to wha...

So when we will see hbar mooning?

0

09.05.2022

Crypto Consciousness

P K
So when we will see hbar mooning?

I wish I could answer more hopefully...but I would say 2026....we're entering what will prove to be a stubborn bear market across all financial markets and another crypto winter....and I say this ruefully because even though I saw it coming I failed to rebalance appropriately....but it is a good sign in that I've always argued that Hedera will only see its day in the sun after another crypto winter that restructures the whole sector...by 2026 we will be on the other side of the bear market and some reimagining of the sector has taken place and some of Hedera's big users will be online on the mainnet...that combination could push for a $10 valuation...but it is also possible that the reimagining will entail a realization that DLT digital commodities just aren't worth that much...in which case no matter what Hedera's dominance is, it will not create a redo of the 2021 bubble.. And in that case we missed the boat....$0.57 hbar and $60,000 bitcoin may have been peak

0

09.05.2022

Kas Per Автор вопроса

Yep, my thoughts also. That 2021 was the bubble

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09.05.2022

Crypto Consciousness

Kas Per
Yep, my thoughts also. That 2021 was the bubble

Yes...it was a bubble generated by the loose monetary policy and temporary year-on-year economic growth out of the pandemic...plus intensive marketing by bitcoin whales...it is the latter that makes another bubble possible that could entail a "replacement" thesis of PoW by PoS and if Hedera has massive enterprise use by that time it could compete with Ethereum for market attention if the whales make a bet on it

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09.05.2022

Phil

Crypto Consciousness
I wish I could answer more hopefully...but I would...

Is it not the case with Hedera though that the value of hbar as a digital commodity will ultimately be determined by the use of the network? Perception or speculation of what it is worth won't matter or am i missing something? Do you think Hederas DLT technology is of sufficient usefulness and quality to be widely adopted?

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10.05.2022

Crypto Consciousness

Phil
Is it not the case with Hedera though that the val...

I don't think basic usage can drive the price much because of the dollar pricing mechanism...this is the underlying reason for the 2021 market ignoring of Hbar. If hbar becomes just a mundane commodity used by industry then it won't sustain the popular interest to goose the market as we saw the last two years....crypto becomes 21st century tulips...the useful ones may still sell but not at ridiculous prices....100k tps is 8 billion tx per day... About $800k in daily usage fees. 10 shards running 1 million tps is $8 million in daily fees....What price does that sustain?...global daily copper consumption is $600 million. Global copper reserves are worth $5.6 trillion...these are different orders of magnitude and fundamentally different types of commodities ...copper is essential and irreplaceable...consensus is replaceable... all that being said, I have no doubt that Hedera will be used in major ways by industry and at some point media attention to that fact will cause a price spike

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10.05.2022

Nik

Crypto Consciousness
I don't think basic usage can drive the price much...

2-3 digits coin value one day, as many say??? 👀

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10.05.2022

Phil

Crypto Consciousness
I don't think basic usage can drive the price much...

Thanks, thats good enough for me. I just want to be confident that the tech behind it is what it's hyped up to be and that there will be significant adoption. I feel the price will look after itself in those circumstances

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10.05.2022

Crypto Consciousness · Accepted Answer

Crypto Consciousness

It wouldn't take them any time at all...but to what purpose? With Open source code the value is in the council governance and verification nodes and path to decentralization that constitute the trust in the public ledger...Google is already on board and Microsoft has been represented on a prominent chat with Mance and Elon tweeted ℏ...

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09.05.2022

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Just out of interest roughly how long would it take

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