Otherwise, what the hell are we even doing here?

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Hedera Community Chat ($HBAR)

Jesse | BCW Wħiteside

Otherwise, what the hell are we even doing here?

#cryptocurrency #english #hbar

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27.08.2022

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Joe · Accepted Answer

Time will tell I suppose. I’m still bullish on the idea that if there is anything of value in DLT, it’ll be realized on hashgraphs much more efficiently than on blockchains, and I think blockchain and defi have already demonstrated there is quite a bit of value for those who understand it, in having a trusted 3rd party that is a decentralized network and is therefore much harder to corrupt than a single authority. I guess I’m just a bit skeptical about how quickly supply chains will value that. It seems more likely to me that, due to added costs, companies will only make that switch when the market (or regulation) demands it, and I think the market will only truly demand it when many people are already accustomed to transacting online using dlt, and finally start asking “why can’t the provenance of my products be authenticated this way?” - maybe forward thinking companies will want to get ahead of it, but I’m just much more bullish on hedera’s recent retail/defi focus. The foundation is laid for enterprises to get onboard on their own time, which was a brilliant move, but now it’s time to take over “traditional” crypto and keep up that focus, to eventually create the pressure for enterprise to get onboard. I’m no longer particularly optimistic about an enterprise-driven step function in the short term being the driver of short term growth.

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Otherwise, what the hell are we even doing here?

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