factatom posted on September 30, 2019 21:50:46
I could see $HBAR has a real good team, which makes it a good project. It is true that it could handle a lot of transactions per minute (allegedly 10k) without burning too much electricity or staking coins (lot's of it). Cons are: it is a centralized coin, it appears to concentrate more on the environmental side, but lacks the true purpose of blockchain, which is to bring power to the people.
Though this coin is not pure evil, still I am not recommending this coz this is such an affront for the ethos of crypto/blockchain. 4 stars for the team but 2 stars on each Info and track record.
Crypto Anonymous posted on September 23, 2019 22:26:41
Someone described this as we should see the level of centralization in this project as a baby that gets nourished by its parents until it's grown up and can stand on its own feet. However I do not believe this would be an appropriate analogy, as I highly doubt if the real goal of this project would ever be to become fully open source, permissionless and decentralized, which are the only ways in which any project could ever become actually interesting. This is in no way competition for bitcoin as the project seems to serve an entirely different purpose, rather it would be competition for Ethereum, however I do believe that once Ethereum goes Proof of Stake and implements its other scaling improvements, any advantages of Hashgraph would be minimal and Ethereum certainly is much more established that it won't be easy for any competitor to surpass Ethereum.
- although this project is far from being an outright scam, because they do have a real and admirable team and are actually developing their product, the way they did their private sale at huge discount for private investors and the token basically got dumped in market for retail investors, for sure is shady tactics on the backs of the crypto community. I remember there was much hype about this project, making a lot of crypto investors very eager to invest, while almost everyone was excluded from the private sale. That was quite obviously exploited for the public launch of the token.
- add to that that they entirely don't seem to operate from principles and ethos that are fundamental of cryptocurrency philosophy and they are basically an enterprise distributed ledger technology (read: not even an actual blockchain).
- I am very suspicious about this project's future in terms of adoption and real innovative advantage and think it was very overhyped back in the day and consequently retail investors got burned once again.
mistergrin posted on September 23, 2019 14:27:15
Hashgraph is a project that I have followed since their initial announcement in 2018. They use DAG-technology, much like IOTA/Nano. Specifically they utilize Proof of Stake, gossip about gossip, and other techniques to get super fast transaction speeds (10,000+ TPS) for their network. They are not a "blockchain" per-se. They also have a top notch technical team with people like Leemon Baird and more.
2 major things that make me dock some points about this project though:
1) Their code/tech is patented and closed source. This goes against the ethos of crypto in my opinion. I understand why they chose that route but I'm still not a fan.
2) Their pre-sale investors got a HEAVY discount. That's why the price dumped quite a bit when it hit the open market. I don't recommend anyone buying it until it at least touches the pre-sale price first...
This video is a great one to watch for more information about Hedera Hasgraph: https://www.youtube.com/watch?v=3Qf0u_tOEe4
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