I'M a long- time HBAR HODL'er and have a lot

Question

I'M a long- time HBAR HODL'er and have a lot

invested so I'm not spreading FUD, I just have some legitimate questions and wonder what others think:

Anybody worried that the GC proposing to lower staking is admitting that they: 1) introduced staking too early?
2) didn't price staking correctly?
3) aren't putting through the TPS that they thought they would be? Or a combination of all 3?

Also, is HBAR actually over-valued seeing as though the TPS is only about 1k TPS and the network needs to be putting through 10k TPS just to BREAK EVEN?? And MOST of those 1k are donations from the HBAR foundation. Meaning, we need 9 more projects the size of ATMA just for the network to self-sustain.

I'm sure Hedera will get there and the HBAR price will go to the moon, I'm just thinking it's going to take a lot longer than originally thought.

#cryptocurrency #english #hbar

0

02.08.2023

5 ответов

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Jig

IMO its number 3, the lack of enterprise adoption on the network so far. The TPS is still wayl too low to generate sufficient revenue to cover the staking costs.

0

02.08.2023

Joe

Did they propose lowering staking or just propose changing staking? I saw that they’re planning to make it variable and controlled by the code itself - isn’t it also possible they increase the return in the process rather than decreasing it?

0

02.08.2023

Summit Seeker R Автор вопроса

Joe
Did they propose lowering staking or just propose ...

It's my understanding that it would fluctuate between 0 and the current 6.5%. Maybe I'm wrong? It sounded as the staking % was too high to maintain

0

03.08.2023

Joe

Summit Seeker R
It's my understanding that it would fluctuate betw...

I took it to just mean they were adjusting it so it’ll be controlled by algorithm and drift up or down based on the contents of account 800 - it just seems to me like it’s a way for them to set it up so it doesn’t require frequent adjustment and so that we all know roughly what to expect will come out of staking. The minutes also said they made these changes after discussing and analyzing how other ledgers handle staking - since many others have a higher APR than we do, and since hbar has dropped in value since staking began, I wondered if they might do something that increases staking return, for example by putting a large number of ħ into account 800 at the start, and allowing the algorithm they’ve setup to allow both apr and account 800 to slowly drift down. Then with a portion of fees from transactions going into the account as well, hopefully the apr drifts down for a while but eventually hits an equilibrium with plenty of new ħ coming in due to transactions after a few years.

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03.08.2023

JR Flowers · Accepted Answer

JR Flowers

I think it’s because it was their way of rewarding early adopters while price was low. Now that actual adoption is happening rapidly, we should see some price reaction. Plus, isn’t the staking dependent on fees collected in the future? Could end up being less, could be the same, could be more? Or do I misunderstand the change?

0

02.08.2023

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I'M a long- time HBAR HODL'er and have a lot

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