Hedera claim that a high hbar value is integral to

Oh I think community nodes will be here in the next 12 months. But the question is when will a group of nodes that don’t care about their reputation enough to do something nefarious have more than 33% of the supply. The token price is just one control to prevent that.

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23.05.2023

DMN MNN

I think Hedera is already big enough (marketcapwise) to prevent that, also you always have to ask yourself, why would a group invest that much money (rn about 900m $) just to destroy the network? They would harm themselves if they would do so and loose a big portion of that invested money. doesn’t make sense, the same with bitcoin mining pools, the two biggest could hijack the network, but what would be their benefit, they would destroy the network they are invested in 🤷‍♂️

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23.05.2023

Mixmastermcd

DMN MNN
I think Hedera is already big enough (marketcapwis...

Spot on, however... Its not out the realm of possibility that rivals could look too sabotage a project, as ye say hbar is more than likely out of reach for any occurrence of that nature... But stranger things have happened... Especially in this environment 😄

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23.05.2023

Claudiu Fulger

DMN MNN
I think Hedera is already big enough (marketcapwis...

This is one thing I am yet to fully grasp. I mean, if the hackers are sufficiently fast, they would corrupt the network and steal say 40% of the coins (gaining 7% over their weight which might mean several billions in the future). @TheHbarBull , how would you address that?

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23.05.2023

DMN MNN

Claudiu Fulger
This is one thing I am yet to fully grasp. I mean,...

Then they still would need to dump it all at once on the market, that will crush the price and they won’t have any benefit imo

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23.05.2023

Claudiu Fulger

Claudiu Fulger
This is one thing I am yet to fully grasp. I mean,...

what about some in-depth discussion about this question? @everyone?

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25.05.2023

Joe

Claudiu Fulger
what about some in-depth discussion about this que...

I don’t think it’s an issue - in fact I wish some billionaire or company would try to accumulate 1/3rd of supply - it wouldn’t cost them $900m dollars - the current price at any given moment is just the most recent price hbars traded hands, it’s not the actual value - most hbars are not for sale at these prices - mine certainly are not. So it’d cost way more to accumulate a huge fraction of supply as they started to push the price way higher with all that buying, they’d fail to collect enough to corrupt the network anyway, but they’d push hbar into the spotlight with all the green candles, catalyzing even more buying and we would all be rich selling for $10 or more. I think it’s the least of our worries.

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25.05.2023

Jeeptopdown

Claudiu Fulger
what about some in-depth discussion about this que...

One more thing to consider is there is zero risk at the moment. All nodes are permissioned and more than one third of the total supply of HBAR are still held in treasury. This only becomes an issue when there are permissionless nodes and all the coins are out. Even then, the trusted nodes will have a higher min stake and max stake which will incentivize a larger percent of staked HBAR to be held on trusted nodes.

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25.05.2023

Claudiu Fulger

Jeeptopdown
One more thing to consider is there is zero risk a...

thanks @Jeeptopdown and @fist_bump

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26.05.2023

Claudiu Fulger · Accepted Answer

Claudiu Fulger

In order to hack/corrupt the network you need 33% of the stake. If the network is worth several trillions say, it's nearly impossible for one single person to have the funds to corrupt it.

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23.05.2023

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Hedera claim that a high hbar value is integral to

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