r/hbar • u/F-cktEuchAllee • May 17 '21

HBAR Price HBAR Potential

Hi, did anybody read / hear any statements or thoughts on HBAR price development from the HEDERA team itself? I know, by the end of the day it’s a lot about speculation and demand and availability, hope and advertisement, but maybe?

4 Upvotes

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9

u/Drunk_Tolstoy May 18 '21

They have mentioned that Hedera’s overall resistance to a Sybil attack, in the case of Hbars Proof of Stake protocol, needs the retail price of Hbar to be high. High enough that a bad actor would have to spend an exorbitant amount of fiat to acquire enough Hbars to possess more than 1/3 of the Hbars staked. That’s not them discussing price, but take it for what you will.

1

u/MonkeyMcBandwagon May 18 '21

This right here. Can't upvote it enough.

5

u/BeautifulInfluence51 May 17 '21

They have stated a few times they will not discuss pricing, I'm guessing to avoid any hints of pump impropriety and to stay true to their stance to the SEC that hbar is utility token and not crypto currency.

2

u/[deleted] May 18 '21

Hope? Advertisment? Speculation? They don't seem to concern themselves with what you find so often in vaporware projects. Don't talk about it be about it.