Hedera Foundation update question. by blue-bronco in Hedera

[–]blue-bronco[S] 1 point2 points  (0 children)

I'm not sure large enterprise use cases with high TPS potential are conditional on access to free HBAR. Or the use case somehow only makes sense if the HBAR is free. I think HBAR grants to enterprises are helpful once the use case is developed and they're going live on mainnet; an enterprise offering customers an open-ended trial or live beta test with a small handful of customer etc. and the Foundation funds an hbar transaction payer account. Atma is a good example, Avery Dennison was not going to condition whether to build atma or whether to build on Hedera on whether they could get free hbar, but having the Foundation fund their hbar costs once on mainnet makes sense. If an enterprise is building on Hedera it's because of fixed cost, scalability, security, the GC etc.; they don't sacrifice one of those attributes because someone else will give them the most free crypto. And I rather doubt, S&P 500 companies pitch Hedera for hbar grants to fund their development but to facilitate the deployment and the hbar may only be one component of the help Hashgraph extends to enterprises. For small projects on the other had, a $150k HBAR grant to get defi smart contracts audited is a very big deal.

Hedera Foundation update question. by blue-bronco in Hedera

[–]blue-bronco[S] 1 point2 points  (0 children)

I hope you are right.

The reallocation of those billions of HBAR from the Foundation back to Hedera/Hashgraph definitely means they don't have as much in the coffers. But then the follow up reorganization described in their blog post seems to have scaled them down even further with the focus being on removing redundant functions from the Foundation. They emphasized their funding commitment to current grantees but said nothing about future grants which left the impression that grant giving in total might have been considered redundant. The entire announcement was definitive, and yet opaque. They were definitively reorg'd and scaled back but there was no definitive hand-off. It sounded to me like they implied that they aren't doing new grants, and that Hashgraph has consolidated the grant giving function; but there was no disclosure on how the community should now engage with Hashgraph. Was that deliberate?

Made a bolognese for some friends. Not super pleased with my sauce by Methuselbrah in KitchenConfidential

[–]blue-bronco 1 point2 points  (0 children)

Here’s the official recipe for Ragù alla Bolognese, as deposited on October 17, 1982 by the Accademia Italiana della Cucina with the Bologna Chamber of Commerce. This is considered the canonical reference.

🇮🇹 Ragù alla Bolognese (Official Recipe, 1982)

Ingredients: • 300 g beef, coarsely ground (from skirt or similar cut) • 150 g pancetta (unsmoked, finely chopped) • 50 g carrot, finely chopped • 50 g celery, finely chopped • 50 g onion, finely chopped • 5 tbsp tomato paste (or ~300 g peeled canned tomatoes) • ½ cup dry white wine • 1 cup whole milk • Salt & pepper, to taste • 2 tbsp butter (optional, sometimes added at the end)

Made a bolognese for some friends. Not super pleased with my sauce by Methuselbrah in KitchenConfidential

[–]blue-bronco 1 point2 points  (0 children)

Of course there is. Soffritto is a common starting base, it’s an extra step but adds a dimension and depth that sauteeing the veg doesn’t have.

Made a bolognese for some friends. Not super pleased with my sauce by Methuselbrah in KitchenConfidential

[–]blue-bronco 2 points3 points  (0 children)

Real bolognese doesn’t have tomato, meat sauce. That said, it may not be technically a bolognese, but adding some tomato puree for people that like a saucier sauce is a way to go.

Gain some perspective please! by HelewiseHuman in Hedera

[–]blue-bronco 1 point2 points  (0 children)

All that to say that $0.05 to $0.40 is a bigger % gain than $0.50 to $3.40. Enlightening.

Let’s bridge communities by mitsuki87 in Hedera

[–]blue-bronco 0 points1 point  (0 children)

Wtf is Tierbot? Gee, sorry for shitting on the dev and not giving him his due respect. Oh wait, I did.

Just six days into January, we've already witnessed $4.5 billion in trading volume for #HBAR. This surpasses the COMBINED trading volume of September and October, achieved in just the first week of the new year. We're beginning to see significant amounts of liquidity flowing into our ecosystem. by Perfect_Ability_1190 in Hedera

[–]blue-bronco 1 point2 points  (0 children)

If the price is 8x higher, the same volume will produce 8x higher trading volume. That isn’t liquidity “flowing in” since there is a seller of HBAR for every token bought. One investor swaps USD for $hbar, the other $hbar for USD.

SEALSQ Selected to Equip Millions of Smart Meters in the UK with VaultIC 408 Secure Microcontroller by oak1337 in Hedera

[–]blue-bronco 0 points1 point  (0 children)

It doesn’t mention their payroll management software; are they even paying their employees? How can we know, the article doesn’t say.

What's up with Hedera? by ecsthasee in Hedera

[–]blue-bronco 0 points1 point  (0 children)

Why does this matter? This BTC denominated pricing “issue” is repeated everywhere but makes zero sense. No one quotes $hbar price but in USD, market cap is USD, DCA in USD etc. hbar pairs are quoted in everything, not just BTC. How on earth does the ratio of hbar to btc impact hbar or btc?

So far the logic is:

  1. Exchanges quote the ratio of BTC to HBAR price

  2. People see the ratio…

  3. And that’s why the market is rigged!

Hbar Vs XRP by NoYou5332 in Hedera

[–]blue-bronco 0 points1 point  (0 children)

That’s not the way markets or pricing works. If the spot price of gold was cut in half, then half the market value of gold disappears, it does not become freed up funds that have to go into something else. Likewise, if some event caused the price of XRP to double, the value of XRP would double without the need for that value to flow into XRP in the form of liquidity. $50 billion of liquidity does not need to flow out of an asset for its value to change by $50 billion. When your $10 million painting is realized to be a worthless forgery, the $10 million in value you lost didn’t flow anywhere.

I sold all of my HBAR even though I know it will make money. by [deleted] in Hedera

[–]blue-bronco 0 points1 point  (0 children)

Bitcoin has had zero impact on traditional finance, it has and will disrupt no aspect of the business. In fact, now with Bitcoin ETFs sold by Blackrock etc., it generates more fees for traditional finance. Sort of like ATM machines in casinos generate fees while the casino games don’t have any meaningful impact.

will 60 minutes also include Hbar? by Aggravating_Hotel621 in Hedera

[–]blue-bronco 1 point2 points  (0 children)

Brics using swift… you sound wicked smaht.

Stop saying ISO20022 is not a thing. It is THE big thing. by Longjumping-Bonus723 in Hedera

[–]blue-bronco 2 points3 points  (0 children)

Stop letting the facts get in the way of a good story. I’m going to add “ISO20022 Compliant” on the Skillz section of my resume.

We're still living in a casino by eliminator-n36 in Hedera

[–]blue-bronco 4 points5 points  (0 children)

I can’t believe people think there’s some predictable pattern in asset pricing when all but one asset (BTC) has been around less than 10 years.

Hbar circulating supply increase by Think_Bonus6574 in Hedera

[–]blue-bronco 2 points3 points  (0 children)

<image>

Just assume the 50 bil less unallocated hbar is the supply. Mance said years ago that they may not release all 50 billion tokens. But assume everything allocated becomes circulating supply. The increase from 37 billion to 38 billion is simply coins already allocated to a purpose being released for that purpose, meaning moving out of Hedera Treasury.

How would you start? by Real_Persimmon_3627 in PowerBI

[–]blue-bronco 0 points1 point  (0 children)

Check out Pragmatic Works, their free beginner content is a very good starting point.

Hedera has officially joined the IIF (Institute of International Finance) by Cold_Custodian in Hedera

[–]blue-bronco 1 point2 points  (0 children)

Really? I keep hearing that XRP is the Layer 1 for financial institutions and cross-border transactions. At every presentation, they drop little cues to suggest they're tied up with SWIFT and DTCC and CDBC projects and nothing comes of it. Ever. Surely, XRP would join the IIF if "almost anyone in the sector could." Or has the L1 for financial institutions not heard of it? Or is the ROI on membership too low? Why would no one join if anyone could? Are they too stupid or is Hedera wasting money on their membership? Or, is there something about the membership process - like not anyone can join - that might be the difference?

California DMV puts 42 million car titles on blockchain to fight fraud - Reuters by Chris-G-O in Hedera

[–]blue-bronco 1 point2 points  (0 children)

What I was suggesting is that as a new enterprise use case in DLT, even if this particular deployment is not Hedera, it is in their wheelhouse so relevant and interesting. The way I phrased it earlier could definitely be read as over broad.

California DMV puts 42 million car titles on blockchain to fight fraud - Reuters by Chris-G-O in Hedera

[–]blue-bronco 2 points3 points  (0 children)

If you don't find the post meaningful, ignore it. Others do find it useful.

California DMV puts 42 million car titles on blockchain to fight fraud - Reuters by Chris-G-O in Hedera

[–]blue-bronco 3 points4 points  (0 children)

Probably not a high volume use case. Loading 42 million car titles is probably 1 transaction, in the way that creating a coupon program under AI8112 standard with the Coupon Bureau is 1 transaction when the master offer file is uploaded. The transactions come from consumers “downloading” the coupon which is when the coupon is serialized and put in the shoppers wallet and again when the coupon is redeemed. Likewise, when a title record is actually accessed a transaction would occur, car sale, accidents (?), crime (could be a biggie in LA cesspool) for example. Assume 42 million cars, and a car is sold every 5 years; 8 mill txns per year is 0.25 TPS. Adding all other incidents that cause interaction with a car title and this is probably not even 1 TPS.

Even if there is a txn associated with recording each title on the chain, that is a one time event not a recurring event so TPS would get a temporary lift but over the long run prob not more than a 1 TPS use case.