Guys, you joined Leemon's spaces today ?

I attended. I thought it was great. Dr Leemon has a great insight. He needs to be heard by all the Cryptoverse.

Yep, he is a real gem. In yesterday's spaces, he mentioned no government would want to built their CBDC on hedera public ledger. They would use private ledgers, might use hashgraph private ledger because it's open source now. He also said, there should be interoperability in government's private ledger and hedera public ledger or other ledgers. So my question is, there won't be any requirement of Hbar as a fuel in Hashgraph private ledger right ? Whats that interoperability ? Interoperability will drive tps in hedera network ?

And how do we participate in this? To be honest - CBDC was my bet why I invested in hedera

There would be no use of Hbar on a private ledger if that is what is used. Correct. The use of a public ledger connected to a private CBDC would be to enable participants from across the financial services industry AND beyond to pick up and easily share verified transactions into and out of their own IT infrastructure. So, some published from the CBDC itself, others publishing data that the CBDC itself may consider important. The reason for using a public ledger would be two fold. 1. It would mitigate the need for too many participants to join a private ledger (something both the CBDC and many participants themselves may prefer to avoid) 2. Much of this data may itself be sensible ti share with organisations and individuals way beyond the CBDC. So for example. The relative economic performance of the steel industry in a nation may have a direct impact on decisions by the central bank. Today at the end of each month all steel mills might report certain statistics which impact the banks decision making. How much easier if production and sales data was published directly to a public. Ledger that the bank could pick up in their own systems…. But the bank won’t want to connect to 50 different private systems, nor want every steel mill on its private CBDC, so the steel mills publish to a public ledger and the bank picks the verified data from there. This would mean the data can be timely, verified and automatically captured (less error) and far less expensive to deal with once such automation was set up. IMO It’s actually quite possible such data sharing activity may be significantly more Txn intensive than the CBDC itself - though we will have to wait and see on that, how it may develop is up for grabs right now.

No way was any government ever going to use a public ledger for a CBDC. It was so obvious. So glad he's cleared that up at last

Mine too

Very well explained. Manual process of picking that data is impossible to operate imo, automated process would be establish.. how the SWIFT works, Hedera can't provide same service ? Can Hedera replace SWIFT ?

So it means, there won't be huge inflow of transactions except institution grade products

Seems like we are fucked.. Invested in an heavy inflationary coin with no ambitions to raise price against meme coins "I am so smart I invest in technology which really makes a difference" 🤡 hahaha thats me

Xrp is king get on board before it's too late

Circulating supply is at 52%.. I don´t think it will be soon to late

Not really. If hbar even replaces eth, it would be huge returns for us

I still wait for the big implementation of coupon group. Does anyone has news?

Manual process is what currently operates. And it’s at the root of: A) massive admin costs B) Poor economic Managment ( as everything is slow and questionable) C) LOTS of errors ( as spreadsheets and other methods of sharing data are unreliable and unworldly, not independently verified and not trackable easily. D) limit AI potential. Yes. Hedera is one of several DLT’s that could easily replace SWIFT. Whether it will or not is a different matter. Interesting times.

atleast it should replace SWIFT so we can see huge inflow of tx and eventually it will drive price

Idk why they made it opensource. Thr was no need of being opensource to show the competitor communities that we are truly decentralised. Who cared ? Who appreciated after being opensource ? And whats really decentralised in this world ? 😅 For me, patented was even better. Whoever wants to use hashgraph, pay price in hbar as a fuel and use it. Actually this was the fair thing to protect investors, price appreciation of hbar, etc.

😃😃 - I’m not sure that is how it works I’m afraid.

Whilst o sympathise with the idea I don’t think Hedera as a patented solution would be anywhere near as successful as Hedera open source. Reasons are 1. Many of the GC themselves wanted it open sourced. BEFORE they would build anything on it. 2. Open Source is a massive movement these days. Many organisations will not use anything but open source. 3. The GC and community around Hedera is what adds the value. It’s not like someone ( say Google) can replace what the GC brings to the party. That’s where the real value is. 4. The patent protected relatively narrow aspects of the IP. Eventually people would find ways to replicate the tech without infringing the IP. 5. The entire Decentralised model almost relies on the platform tech being open source. It’s in the nature of the environment and having parents would have created huge drag on the platform development - probably fatal drag. IMO.

Comment on the first point. GC members wanted it open sourced coz they knew it's the only way to get the features of hashgraph. Every GC is capable to build their own replica of hashgraph, coz they have money, infrastructure and everything but they couldn't invent the thing like Hashgraph with their own resources or their brilliant minds. 😁

Agreed, what are the other ones?

I’m not sure I would select another. That is why I like Hedera.. 🤣

Absolutely. There's no way governments will put the majority of mission critical stuff like cbdc's etc. onto a public ledger. No chance

This question was arised few years back, may be one or 2 years precisely. At that time, afaik hedera team promised community that Hedera GC will always prioritize Hedera over hashgraph private ledger and also recommend governments to use Hedera over hashgraph pvt ledger for their CBDCs. I remember some talks regarding the same. Need to give some time to find it.

Hedera public network can be/and is an auditing tool for everything that it can't directly become. Keep that thought in mind and look deeper into things.