to a call I had with @PresidentHODL as he described a meeting he had with representatives from the @bankofengland where he had the opportunity to run through the virtues of @Hedera. https://twitter.com/thehbarbull/status/1551177807073607680?s=21&t=VROf-FraxVNyoLVwWMSLlw
Great info. I find that as we move along I am pushing my time frame back while simultaneously pushing my ceiling up. I don’t mean to say that I don’t think we’re on the cusp of real world adoption with AD and TCB. More so I am forming a taller bell shaped curve in my brain that we will impact more pervasively and that will take more time. I know that this has been the idea behind Hedera from the start, but it feels like we continue to gain traction as more people are aware. I guess it’s a perception that people don’t look at Hedera, understand it and then say, “No, this isn’t going to work.” It’s that people just haven’t seen Hedera. Once they do, they’re hooked. And hopefully AD and TCB and TOKO and CLALAXY can grab a lot of eyes and really accelerate discovery outside the crypto world. EDIT: Seems pretty obvious when I read it back to myself, but that’s the impression I get when I listen to him saying the BofE lawyer types only knew about btc and eth and haven’t even heard of Hedera.
You’ve pretty much hit the nail on the head here. This is the reason that I keep telling everyone that they are REALLY early to the game if they are paying attention to this channel. I have spent a lot of time talking to high net worth individuals, real movers and shakers, over the last few years. The majority initially laughed at me at the mention of DLT with comments like “yeah Bitcoin!!!😂😂”. It takes a lot of time and effort to bring intelligent people around to the idea of seeing the potential of DLT simply because of the negative sentiment that surrounds the “crypto” industry. This is an industry that is built around flagrant disregard for regulatory compliance, a ponzi scheme mentality and in some cases outright fraud. The real investing public still has a long way to go to even start paying attention to this space. I always felt like Hedera stood apart from the rest to the “crypto” wannabes because they had real “generational” technology and were run professionally, working with the largest enterprises in world. I understand that a good portion of the community like the idea that the HBAR Foundation has bridged the gap between Hedera previously being enterprise focused and now marketing to the crypto enthusiasts, and that’s all good. However, in my opinion, bringing in serious money and interest will really only happen when the major enterprise use cases start getting rolled out. It is then that we will see a change in attitude from the investment community. AD is a massive step towards this happening and what the Foundation is doing in the ESG space doesn’t get nearly the credit that it deserves. The pieces of the giant jigsaw are falling into place right NOW for Hedera. I really believe that in year from now everyone will be talking about how Hedera was an “overnight success” and that nobody knew about it in 2022😂
Hedera is my longest term investment for the very reasons you laid out there
I was referencing Hedera as an entity (Hedera Hashgraph LLC) when referring to them standing out from other crypto projects. In my opinion, the Hedera team always took a conservative approach to regulatory compliance even though the general crypto industry thinking is to do whatever you want now and just ask for forgiveness later. As you know, Hedera does not control the Dapps that are built on the network. It’s up to the founders of each and every DApp to do their own due diligence and make their own decisions regarding regulatory compliance. As I’ve stated before, now that the Hedera network is being marketed as a “crypto” platform, we should expect to see our fair share of dodgy projects being built on it just like every other layer 1 platform. It will be the huge enterprise use cases that will eventually set Hedera apart from everyone else. The fun/fad stuff that Hedera is attracting, like the digital art NFT’s, while we wait for the big use cases are just part of the package that comes along with being a “crypto” platform.
Yes for most, did not Gary Gensler criticized them for selling treasury via exchange that was not following KYC rules? Don't know how many emails I send them in past to drop Bye-nance exchange, eventually they did, once Bye-nance was kicked out from country to country for not following rules, and once FBI was send on them. The US one is registered in fact- not that community is using that one.
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