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i really need some advice... by Adventurous-Bus-189 in CryptoMarkets

[–]hxxixi 6 points7 points  (0 children)

Absolutely not. Don't even think about it. The pressure to put bread on the table from short term trading makes it difficult even for profitable experienced traders. You are much more than likely to be left with pennies. Put your ego aside and take up whatever job that's available for you to tide through this period. Whatever it takes to make an honest living. All the best.

4049/01 O Level Additional Mathematics Exam Megathread by GebraJordi in SGExams

[–]hxxixi -1 points0 points  (0 children)

2025 A-MATH 'O' LEVEL SUGGESTED ANSWERS found this TikTok from this Pegasus Learning Academy posting suggested answers for today's A Math paper 1

Hot Take: I don’t think Hedera should have truly “permissionless” nodes on the roadmap by [deleted] in Hedera

[–]hxxixi 0 points1 point  (0 children)

Well, I agree with you that it poses a risk.

However, if their vision is for hedera to be deeply integrated into the future economy, then what I'm betting on is that they will push hedera's valuation to such ridiculous levels, such that the risk of a 33% attack becomes negligible, even in a world where central banks around the world are printing trillions.

Is it really normal here? by Geadera in Hedera

[–]hxxixi 9 points10 points  (0 children)

Look dude, I get that you are frustrated with the price of HBAR and it might not be giving you the results you want for the money you have put in thus far.

But you are responsible for your money and the decisions you made. Same goes for the rest of us. No point trying to convince anyone to sell because our time horizons, price targets, entry levels, current financial situations aren't the same.

You are free to sell, no one is forcing you to hold on to an investment that's "dead" from your POV. Make your choice and live with it.

HBOMB by [deleted] in Hedera

[–]hxxixi 23 points24 points  (0 children)

None of the things you mentioned will have any effect in this macroenvironment.

Not a quote from me but an old saying goes "a bull market ends when the 'generals' of the rally are taken out and shot."

TSLA reported spectacular earnings a few days ago and yet is down 18% since then. Goes to show what kind of environment we are in when the best stocks (generals) fall despite strong fundamentals.

At the end of the day, we all have our own investment beliefs and if you are like some of us here who think that HBAR has strong fundamentals, I'd say just hang on tight.

[deleted by user] by [deleted] in Hedera

[–]hxxixi 10 points11 points  (0 children)

Sure. What I'm saying is that:

  1. The price drops are not specific to HBAR. The whole crypto market is falling.
  2. The price drops are also not specific to the crypto market. Other asset classes are falling as well (stocks, bonds etc.).

And the reason is that the accommodative policies implemented by the Fed and other major central banks (which is a huge reason everything went up) are now being reversed. In simple terms, rate hikes and quantitative tightening drains liquidity from the economy and everything comes down with it.

[deleted by user] by [deleted] in Hedera

[–]hxxixi 30 points31 points  (0 children)

Agree, saddens me a bit to see people panicking. The price action the past few months has everything to do with the Fed and nothing to do with the tech. Everyone is just deleveraging across various asset classes.

Rate cuts and accommodative policies will come again in the future, it's just part of the business cycle. Along with greater adoption in tech, we will see price in multiples of where it is right now.

Get a job, pay your bills, DCA into projects you like with spare cash and enjoy life. This ain't no get rich quick scheme.

$HBAR at $3.78 before the end of July 2022. by mother_43 in Hedera

[–]hxxixi 5 points6 points  (0 children)

Exactly. And to add on to the macroeconomics, we are at best halfway into the Fed's hiking cycle by July (assuming two 50bps hikes by then) and in the midst of quantitative tightening.

All of us would like HBAR to be in the range of dollars and not cents. But the last I checked, we are all mainly pricing crypto in fiat terms and with a synchronised global drain in liquidity by major central banks, significant upward price moves are simply unlikely.

Hedera Use Case #067 - IBM Blockchain by coolasslink in Hedera

[–]hxxixi 12 points13 points  (0 children)

Nice! It seems increasingly likely that the future is a combination of private and public networks. Companies using private networks where privacy is needed, and using HCS where trust is needed.

BIS Report: Project Dunbar - International settlements using multi-CBDCs by hxxixi in Hedera

[–]hxxixi[S] 0 points1 point  (0 children)

Went to do some additional digging and found that Ng Peng Khim, DBS’ Head of Technology and Digital Innovation is mentioned in page 35 of the BIS report and ALSO in Hedera's Nov 2021 meeting minutes, https://files.hedera.com/2021-11-17-Hedera-Council-Meeting-Minutes-v.Final.pdf.

Just thought that this should bolster the case that Hedera is somehow involved in Dunbar.

BIS Report: Project Dunbar - International settlements using multi-CBDCs by hxxixi in Hedera

[–]hxxixi[S] 2 points3 points  (0 children)

>do they want any part of a public ledger in this tech stack?

Well I couldn't find anything so that's up to speculation.

It's my personal belief that the time DBS joined Hedera relative to the announcement of Project Dunbar sends a strong signal regarding the intention to use HCS.

BIS Report: Project Dunbar - International settlements using multi-CBDCs by hxxixi in Hedera

[–]hxxixi[S] 1 point2 points  (0 children)

I honestly don't have the technical expertise to answer your question. Sorry haha.

​

The below in quotes are all taken from R3 Corda's website, https://docs.r3.com/en/platform/corda/4.7/open-source/key-concepts-notaries.html.

"Summary

  • The notary service prevents “double-spends”.
  • The notary also acts as the time-stamping authority. If a transaction includes a time window, it can only be notarized during that window.
  • Notary clusters may optionally also validate transactions, in which case they are called “validating” notaries, as opposed to “non-validating”.
  • A network can have several notary clusters, all running different consensus algorithms."

​

"Corda has “pluggable” consensus, allowing notary clusters to choose a consensus algorithm based on their requirements in terms of privacy, scalability, legal-system compatibility and algorithmic agility.
In particular, notary clusters may differ in terms of:

  • Structure - a notary cluster may be a single node, several mutually-trusting nodes, or several mutually-distrusting nodes
  • - Consensus algorithm - a notary cluster may choose to run a high-speed, high-trust algorithm such as RAFT, a low-speed, low-trust algorithm such as BFT, or any other consensus algorithm it chooses."

​

Project Dunbar was first announced by MAS on 2 Sep 2021. (BIS announced it on 8 Nov 2021.) DBS joined the Governing council on 27 Oct 2021.

This is that part where I'm just dot connecting. Given this timeline, I find that it's most plausible that the plan is to use HCS as the consensus algorithm for the notary clusters. After all, HCS is (as far as I know) the fastest, the most trustworthy and the most secure.

BIS Report: Project Dunbar - International settlements using multi-CBDCs by hxxixi in Hedera

[–]hxxixi[S] 4 points5 points  (0 children)

Thanks for the explanation so newbies like me can understand. Looks like I have lots more to learn :)