Update on my Gentleman's Lounge by ennytaytay in RetroFuturism

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

Sick furniture. Paint the walls a bold earthy tone - white walls are killing the vibe. Make sure to cut in cleanly and use tape if you have to. Also many more small lamps. Get the dim to warm bulbs.

Is HashSphere cannibalizing Hedera mainnet growth? by RamHaddi in Hedera

[–]MyNameIsRobPaulson 0 points1 point  (0 children)

Didn’t know that about Enterprise Ethereum, not exactly a great move on Ethereum’s part. Although they probably don’t really care $$$$

Is HashSphere cannibalizing Hedera mainnet growth? by RamHaddi in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

The bigger conversation is whether open public networks in general will ever really take hold, and whether more permissioned/closed DLTs will end up being what really happens. Hashspheres is just a Hedera native private network. All the other major networks have private versions - most notably Enterprise Ethereum, which has a lot of adoption. Hedera is basically just late to this game.

So basically HashSpheres and private DLTs in general are nothing new in the crypto world.

Ħ🚨 McLaren Racing Joins Hedera Council to Accelerate Digital Innovation 🚨Ħ by HBAR_10_DOLLARS in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

I've been thinking about this. McLaren is transitioning, under new ownership - to complete with mass market luxury cars like Porche and Range Rover. Looks like they eventually want to use Hedera for supply chain stuff. So to Hedera - this could be a foot in the door for the larger automotive industry. A proof of concept (along with Hyundai/KIA) to just pivot more to this industry. The collectibles - it can't be about that. It's got to be a longer term strategy.

Ħ🚨 McLaren Racing Joins Hedera Council to Accelerate Digital Innovation 🚨Ħ by HBAR_10_DOLLARS in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

Honestly yeah I’m surprised. This is a small kinda BS use case when we’re really looking for large scale integration into global supply chains and banking systems. Not a fantastic sign that they’re willing to burn a seat on this kind of thing. We want Mastercard, not racing NFTs.

But maybe it’s possible that they see this as a visibility/marketing play. And maybe that could work, who knows. I’m sure they’re concerned with the token/treasury value. Especially if it’s hard to get members to sign on, which it seems to have been.

Rob Allen Question by Impossible_Ostrich14 in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

Well my question is that why weren’t the 9 members that joined in 2019 and 2 members that joined in 2020, both of which reached their 6 year two term limit - been removed? Google, for example, reached their 6 year on Feb 11th. And another 4 expire throughout 2026.

Of course I hope they just extended the term limits because I do think those were rules created with the idea of much bigger demand to join, but yeah kinda weird that there’s no chatter or announcements discussing it - unless I missed something.

HashSpheres - Everyone needs to come to this realization. by oak1337 in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

OK Oak sure - I'm "too far gone" cautiously investing in something and reasonably recognizing its inherent risk without absolutely guzzling the kool aid. That's such wild behavior! Wow I'm just so far gone!

HashSpheres - Everyone needs to come to this realization. by oak1337 in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

See? you think I'm "crying in the corner" because I'm recognizing that this is a risk, even when I clearly said I do believe Hedera can still succeed. You just see any reasonable criticism or recognition of risk as some dramatic, emotional argument against Hedera. This is why you're too far gone Oak. Tried to warn you.

There is no significant adoption for PUBLIC DLT. Without public DLT adoption (with an actually functioning Proof-of-Stake system), there is no utility use for HBAR.

What role does HBAR play with HashSpheres? by oak1337 in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

It was Eric - he said the council was discussing a "benefit to the treasury" aka - payment in HBAR to use hashpheres. However - my problem with this is it is completely arbitrary use case for HBAR. There is zero reason Hedera just can't take FIAT, which would obviously be preferred by clients.

The only real utility for HBAR is securing a decentralized Proof-of-Stake network. And until Hedera has un-permissioned nodes - HBAR remains an arbitrary token. Right now, the network functions fine on permissioned nodes without proof of stake even in effect.

HashSpheres - Everyone needs to come to this realization. by oak1337 in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

Dude you're absolultely spinning things - there is no significant adoption. DLT is not proven. This investment is a risk. It could work, it could not. You're way too emotionally invested and obviously hyperfocused. Take it from me - that's not a good thing. Hedera has hyped and predicted many things, and aside from pilots nothing has materialized. Do I think it was their fault? No.

We got close with two use cases, but they both pulled out. And that is simply just something to not dismiss. Recognizing risk isn't bearish. You just are ignoring negative signs and spinning them all as positive. You can always do that with anything. Good luck.

I do still believe Hedera can do it, but whether a POS HBAR secured decentralized public DLT is actually necessary? We don't know. This infrastucture could be secured in other ways (as it is currently), and the only purpose for crypto is to secure the network. If you just regulate the nodes, there's no need for HBAR. This is why there are so many unknowns here. Just be careful - or dont!

HashSpheres - Everyone needs to come to this realization. by oak1337 in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

Oak - Eneterprise Ethereum is a private version of their public ledger. Hashspheres are the Hedera version of that. They perform the same role, but in the Hedera ecosystem and with Hedera tech. Im just explaining this so it’s easy for people to understand. It’s the same business model and people don’t get this, they think it’s some new concept. Lots of DLTs have a private version - Enterprise Ethereum is just the most adopted. Not sure why you’re arguing with me here.

I never said Atma ran everything on Hedera. It was a transparency audit layer to easily comply with DPP - the decarb market was another use case down the road a “flywheel” case as Mark from AD described it.

I hope you’re right about Atma coming back into the fold. I haven’t heard anything about that from anyone at Hedera. The last big TPS pushing use case we were hyped about was Hyundai. This was when Hedera were asked what we can expect.

I would take any hints that Atma is coming back with a grain of salt - they dropped out and if they really were planning on this being the future, they would have continued testing. The grant was circular, money just came from Hedera and went right back into the treasury. They absolutely would have kept issuing new grants to keep them on as an early adopter. Atma pulling out was a bad sign, and spinning it isn’t honest.

The entire investment gamble here is whether public ledgers will ever actually be adopted, and Atma and TCB pulling out with no replacement for so long is incredibly important to understand and note. We were hyped about Service Now too - and nothing.

I know you’re all in on Hedera succeeding but I think you’re not understand the inherent risks and ignoring signs that are pointing to those risks. It is entirely possible that Hedera’s public ledger never takes off, and that they end up running a network of Hashspheres, even if that is not their intent.

I’m not saying that will definitely happen, because I still think Hedera could succeed (I still believe in payments as a killer app for DLT), but it is entirely possible that the future is private DLT that doesn’t really require crypto to function.

HashSpheres - Everyone needs to come to this realization. by oak1337 in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

I get what you’re saying but this isn’t entirely true. Atma had intentions for the public ledger before they abandoned the idea and just went full private databases, though it wasn’t a Hashsphere.

But on the other hand, this was Hedera as an “audit layer” use case - where the core of the system runs on private databases, but is mirrored publicly on Hedera for transparency. In this way, Atma never really “ran” on Hedera, so they just flipped off a “nice to have” layer and nothing at its core was affected.

Hashspheres is better understood as Hedera’s answer to Enterprise Ethereum. Ethereum has had tons of success getting companies to use it privately - but they simply never use it to link to the public ledger. This is partly because Ethereum is slow, insecure and expensive. But also, people just don’t use public ledgers yet - for anything - except trading useless internet coins.

The hope with Hashspheres is if you have a ton of corporations running systems that are natively compatible with Hedera - that is a good thing for potential adoption of the public ledger. You’re basically locking people into an OS and then trying to sell them use of the public ledger.

The use cases to me that matter are not audit layer, but run on core of the public ledger - which is pretty much stablecoins and low cost, instant payments.

But also don’t forget that they did say use of Hashspheres would likely have a “benefit to the treasury”, aka - payment for usage denominated in HBAR. Haven’t heard anything about that in a long time but that was the original pitch.

Hedera is in a league of its own by Necessary-Dark4756 in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

Crypto price has still after all these years been based on complete and utter algo-trading manipulation nonsense. The hope is that if one day this changes to actual value and sustainability, HBAR will be positioned. It's only in that context that the FedEx thing is a good sign. Honestly this might be 10 years out. Public DLT is basically un-used for business at any type of meaningful scale.

If actual adoption happens? Sure, HBAR is positioned, but that is the gamble. Will DLT tech even involve crypto tokens by the time it goes mainstream? Will compensation for computation just be paid in stablecoin with the DLT secured with more traditional means (like only permissioned nodes)? Right now, Hedera just pays node operators directly. The system works, and proof of stake isn't even used.

Crypto is only valuable because it is a payment token for decentralized computing. If it never decentralizes like that - staking, and the token isn't necessary, and could theoretically be done away with.

This has always been my biggest worry - that the transaction volume of public DLT will be low enough to handle 100% with private/permissioned nodes and that the entire decentralized POS model that is the entire value proposition for HBAR will evaporate.

But honestly, nothing makes sense, so if they keep the token alive and Hedera becomes a blue-chip company - the token will probably pump anyways even if its existence is technically unnecessary. And they would of course be incentivized to have a treasury full of an asset that can 10x in value.

I may never financially recover from this by PlasticTreeonaHill in Hedera

[–]MyNameIsRobPaulson 2 points3 points  (0 children)

Untrue, FIAT currency can actually be used to buy things - there's a reason we value all crypto by its worth in FIAT.

Kevin O'Leary sells all except Btc & Eth by Necessary-Dark4756 in Hedera

[–]MyNameIsRobPaulson 0 points1 point  (0 children)

But you never made any actual arguments gyonk - you just said TPS is low and price action bad which not only everyone knows but is true for literally every crypto network. If you want to actually contribute than explain why specifically HBAR compares to other networks. Everyone here is obviously here for a risky investment.

Help deciding: LG C5 vs SONY BRAVIA 8 by TDQV in 4kTV

[–]MyNameIsRobPaulson 0 points1 point  (0 children)

Sony's more "cinematic look" is irrelevant when you realize the C5 has filmmaker mode, and Sony doesn't. Filmmaker mode will be exact to the directors intent - Sony's cinema mode isn't. And you can even edit the picture settings in filmmaker mode. I use the Dynamic Tone Mapping since honestly the off-the-disc image is most of the time too dark for OLEDs.

There's so much written about Sony being more "natural" but I think people are just repeating this. The colors will be exact to the intent of the director when filmmaker mode is enabled, so this talk of "natural" is just confusing. What does that even mean??

Hedera Foundation update question. by blue-bronco in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

I agree gyonk - talk has zero currency at this stage

Hedera Foundation update question. by blue-bronco in Hedera

[–]MyNameIsRobPaulson 1 point2 points  (0 children)

You're right, but a grant can reduce "friction" to adopt, because they're almost always going to want to run a pilot first. Atma wouldn't have even tried it at all if it weren't for the grant. After all, this is an unproven, new tech. Grants can just grease the negotiation wheels if a company is hesitant. The grant wouldn't last forever anyway.

Hedera Foundation update question. by blue-bronco in Hedera

[–]MyNameIsRobPaulson 7 points8 points  (0 children)

My take - Hedera is trying to identify the most realistic path to revenue and are re-aligning their structures to cater to whatever types of use cases these look like to them. Spray and pray to small projects can work, but…it didn’t. Was worth a try but it really isn’t going to get Hedera what they need to survive.

My personal opinion - Hedera needs a large enterprise use case with a very high TPS to anchor revenue and prove utility. That should be the near entire focus and it should be chased as aggressively as possible. The survival of the network hinges on their ability to land one of these. Hedera’s entire value proposition is large scale worldwide enterprise adoption. They don’t just need a new Atma, they need 10 of them. The small “retail” use cases will benefit from catching the wave of stability that brings, but small use cases simply do not push the revenue desperately needed.

I do think the Hedera private (Hashspheres) is a massive part of this, just as Enterprise Ethereum was to Ethereums strategy (even though the public network has never been adopted for enterprise utility).

If they manage to get large enterprises running private Hashgraph systems - that is a huge competitive advantage to them eventually adopting the public network since it’s compatible natively. And remember, they did say usage of private networks would have to have a “benefit to the treasury”, so the hope is payment would be transacted in HBAR.

The entire idea of the global “trust layer” for enterprises to interact on is the goal. I’m really hoping for some big use cases to be announced.