a lot of freebies being dished out and not a lot of buying pressure.
They are using us as liquidity for their projects… Once the projects get going they will buy Hbar from open market but they’ll make sure the prices remain as low as possible for them to keep buying at cheaper prices… Utility tokens on the other hand may give 5x-10x So holding Hbar will be a long term loss for retailers
Leemon's plan was for price appreciation to help secure the network. Seems to be a much slower process than anticipated by us holders.
From a standpoint of transaction fees it does not matter what the price of hbar is. Transaction price is in USD.
Hbar market cap is around 2B…. If i had 500m on me i could really do some serious damage to network security 🐒
I don’t know if the current setup where all nodes are owned by GC council members voting in percentage in stake is active. Imo is that in the current setup not needed.
No. There is no network security risk until there are anonymous nodes. Leemon’s plan of price appreciation does not need to come to pass until we reach that milestone. And at that time there will be different staking mins and mods for each type of node (GC/trusted community/anonymous) to further increase security.
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