Dr. Leemon Baird explains Hedera’s decentralized governance
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- Опубликовано: 29 июн 2021
- Dr. Leemon Baird responds to the concern or distaste for Hedera’s perceived centralization based on the large corporations that make up the governing council. For the full video, visit: • Hedera Community Town ... .
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"Over time, most systems end up with a handful of people with all the power." -- EXACTLY! As idealistic and libertarian as crypto purists think they are, they are completely un-self-aware to this key component. This is why I am so impressed with everything that Hedera is doing.
I had a discussion with a bitcoin bro just today. They had never heard of Hedera but the second I mentioned fortune 500 companies he stopped listening and nothing could convince him about decentralization.
He is aware that more and more bitcoin is is ending up in fewer and fewer hands. "BuT iT's DeCeNtRaLiZeD"
It's ok, it's not our job to convince these people. They will simply be paying us to make transactions using our Hbar in the near future whether they know it or not.
@@RustyMrRoboto I had to be cured of this kind of thinking as well. First step was to divorce myself from emotional response and consider all aspects and factors objectively. Wasn't much longer after that that I became an HBAR maximalist, and no other crypto has been able to change my mind since.
@@RustyMrRoboto hahahaha funny yes, i guess
@@RustyMrRoboto bitcoin is a cult. You cant reason with these people
@@RustyMrRoboto
Can you succinctly tell me what is the use and core essence of HBAR? Thanks
Dr Baird makes me happy
Thank you for this highlighted clip!
People often confuses centralization vs permission.
Yes, totally agree!
@@andrewseer -- I am not disagreeing with your statement, but you missed the point of what Hedera is building. If you have done your research, you would know every network starts permission and eventually goes permissionless, this includes Hedera.
Perhaps if you did your research you wouldn't end up putting comments that makes no sense.
This was my concern before as everyone was going on about how it was centralized so thank you for clearing up the fud! This was brilliant!!
Absolutely brilliant distinctions. Very interested to see the future of “DeFi” w/ Hedera.
Leeman Baird has spoken convincingly well!
Getting more HBARs insha Allah
Me too insha'Allah, Need as much Hbar for your money as possible
As DLT managed economies develop from early adolescence to adulthood, this governance model will be self evident. As we move the bulk of the worlds value on to DLT systems, the owners of that value will demand it…………and so will those that insure those assets.
Excellent, this is super handy.
Perfect answer
Can't help but buy some more every time I hear this man speak
I had to buy after hearing him Speak.
Get it, Charles?
He's way too busy playing with his mini donkeys to watch this Mark!
@@hbaron2698 😂
He made a simple but deadly mistake to all these companies are in bed with each other march divided fight together Just look how big tech is censoring...or all countries do the same in regards to covid...
Behind the curtain the world is one by force and threatening!
Keep this video in your toolbox for whenever a fud investor comes along.
Fairness and justice for all.
i trust leemon
the best project out there..
Seems to me like the new best thing.
Helpful explanation. Thank you.
#HBARbarian #HBARmy to da moon 🚀
handy overview of imports factors for #governance Thks! #transparency #distributed #risk #power #foundations #reputation
I don't trust a lot of people, but I trust Dr. Leeming Baird 🙂
Thanks for the video
When will Hedera address the elephant in the room: Will Hedera bring on a council member from China? I think that will increase Hedera's reputation amongst Asian Investors, who in my opinion, are more heavily invested in crypto today than American or European investors.
I'd hope that Hedera never brings on any council member which is based in China, or in any way beholden to the Chinese government, not even Alibaba. Any company as such is (or will be) compromised. China has to have its own version of everything -- always starting with duplicating (pirating) the innovation and IP of others, then creating their own centralized, controlled, and/or censored version of that tech, utilized to the ongoing detriment of the human rights of its citizens. Hedera already has phenomenal council members from Korea, Japan, and India... adding any corporation from China would only cause Hedera harm, at least long-term.
@@donchristianmarkham7312 agree, but don ´t care if they can ´t own the technology then they will pass over. ask Tesla
What? The CCP? they are the force and owner behind all Chinese companies.. It would not end well.
Although hedera already has council members from Asia (Tata, Wipro, IIT Madras)
NO!
What stops companies to collude silently so they can overtake the whole network and exclude specific industries?
Nice
Will Hedera partner with Quant?
Thank You
Check out ALBT and you’ll see the connection w QNT.
Quant locked in partnership with Constellation Network’s hypergraph built using directed acyclic graph.
to the moon
This thing will moon soon. Easy x10
Could this governance perhaps be applied to the Government?
Y'all need to fix your sound mixing. The end credits nearly exploded my ears.
Why not have Thousands of big corporations all around the world on the governance council?
Exactly. Clearly Hedera Centralisation. Why not all corporations? Why is there a need to tab and monitor? and what do you do after tab and monitor.
I think eventually they will
First... We are ruled by a kabal of people that we don't know who they are.
Second. Why not just put a limit on how many governance tokens you can spend towards voting on changes. Then nobody can dominate. Sure, you can own a shitload bit you cannot use them all. So more will be available by the next voting session and other people will obtain the maximum amount allowed to be used by then as well.
Tokens voting is a terrible system. I assume you are familiar with stolen identities? So what prevents 1 person to spin up 200 personas. Limiting governance tokens per wallet or node holder when you don't know who they really are beats the purpose. He even said it in the video, that system doesn't work.
I love hbar but to say America isn't controlled by a Kabal made me laugh..ya sure
same. XD
what is the KABAL???
@@nandoblondemobydick5438 illuminati
@@kola420 the creators of that system and many others 👀
@@nandoblondemobydick5438 wow really? lol you're gonna have to look into that its a deep rabbit hole
HBAR TO THE MOON! $20 SOON
Phoney 'decentralisation' to a selected group, the selected few. Why not to many? why not to every ? It works like US congress.
and...
You literally killed those who spread fud😂
Screw moon, we are going out of solar system
F•O•R C•R•Y•P•T•O G•U•I•D•I•A•N•C•E A•N•D ♣I•N•V•E•S•T•M•E•N•T♣
W•H•A•T•S•H•A•P•P..... [+]1^3^1^8^4^0^6^9^0^5^3]
and .. Baird is not even a professor in any reputable higher educational institution.
None.
..... aaaaaaand........ that's a bad thing??
? He was professor of computer science at US Air Force academy.
@@matonator and how's the reputation for the academy?? fraudster baird were associated with 3 other educational institution (all non-reputable) and yet only 1 gave him a adjunct-prof title !! Think.
@@matonator If you have ever been in a proper university, you'd know there are at least 2 kinds of teaching staff.
1) the BS who could only talk at the podium and not produce anything good, even if they have any paper, they are all 'research' (without development).
2) those with industrial experience and/or teach really well knowing the subject matter, developed successful product (first) and then produce the R&D paper accepted by renowned international institution.
@@matonator Best, if you have been involved in a successful R&D project, you'd know these baird phoneys are the bs teachers. have u actually watched his presentation? exactly the kind of fake professor who is just trying to survive by pretending and talking bs.
to the moon