SHAFT - Shared Hedera Anti-FUD Toolbox - Recent questions and answers

Council members are just a marketing arrangement

Tue, 08 Jun 2021 00:24:38 +0000

The Hedera governing council is just for marketing and logo soup, they’re not building anything on Hedera

Answered: Hashgraph is permissioned and centralised (run by member nodes only).

Mon, 07 Jun 2021 20:40:15 +0000

Hedera is a permissioned network because they are operating at the theoretical frontier of speed and security. Eventually, this will be a permissionless network, but they will do so progressively without sacrificing security. The hashgraph algorithm is highly decentralized - there are no leaders, miners, coordinators, or block producers with special influence towards consensus.

The hashgraph algorithm is open review and all the services are open source. Anyone can propose changes thought the HIP program. Hedera has better throughout than [X coin] before sharding (250k-400k tps) and will experience less latency as the network expands (through a consensus mechanism that is at the theoretical limit of simplicity and efficiency).

Sources

Is the Hedera network decentralized?

Hedera.com

Thanks to https://twitter.com/ArragornV and https://twitter.com/NicholasVottero

Answered: Open source software is better than patented software

Sun, 06 Jun 2021 20:27:05 +0000

The Hedera services are available as open source and can be found in the official GitHub repository: https://github.com/hashgraph/hedera-services

The hashgraph algorithm is protected by patents. The patents are a tool designed to inhibit forking and the associated instability and loss of network effects. The absence of enterprise-grade applications running on the public networks today is partly due to the possibility of those networks splitting into competing networks and cryptocurrencies. This represents risk to anyone considering building mission critical applications on those networks. The patents will allow Hedera to make a commitment to such enterprises that we will never authorize a fork.

The hashgraph platform is available as open review and has been audited by multiple code audit firms. The audit from FP Complete for the hashgraph consensus platform code, as well as the COQ proof from Carnegie Melon, are made available on the 'Audits and Standards' page: https://hedera.com/audits-and-standards

Open review ensures the source code is made available for anyone to read, recompile, and verify that it is correct.

Through the Hedera Improvement Proposals (HIP) you can propose new features for the Hedera services codebase.

Sources:

All our services are belong to you

When will I be able to review the Hedera source code? Has the Hedera source code been audited? If so, is the audit publicly available?

What is the OSS license for Hedera network services?

How can I contribute to the OSS Hedera network services?

Answered: Hedera Hashgraph is not decentralised

Fri, 04 Jun 2021 20:35:03 +0000

We should distinguish between centralization of the consensus algorithm and governance.

The hashgraph algorithm is highly decentralized - there are no leaders, miners, coordinators or block producers with special influence towards consensus.

The Hedera governance model is also decentralized. All members of the Hedera Governing Council will have equal voting rights and Council members (except Swirlds, Inc.) will be limited to a three-year term with a limit of two consecutive terms. Swirlds, Inc., the owner, and licensor of the hashgraph technology will retain a permanent seat on the Governing Council. Council membership will be decentralized across sectors and regions, with no one industry or country having undue representation.

Source

Is the Hedera network decentralized?

Answered: Most transactions on Hedera are fake

Fri, 04 Jun 2021 19:55:08 +0000

This is simply not true.

Most transactions come from real use cases. You can see the transactions on dragonglass.me , the type of transactions, the dapps making those transactions and so on.

Hedera isn’t scalable—limited to 100-1000 nodes.

Fri, 04 Jun 2021 19:11:47 +0000

Link to argument made by IOTA dev here:

https://twitter.com/hus_qy/status/1394217765452533762?s=21

can de-fud but would like to compile links for evidence.

Answered: Hbar is a shitcoin

Fri, 04 Jun 2021 18:25:14 +0000

We all have an opinion and this is yours. If this is your stance after you did your research on hbar and after our effort to answer your doubts, then it is probably time we seperate ways.

No hard feelings, bye!

Council members are getting paid to run a node

Fri, 04 Jun 2021 18:21:43 +0000

Answered: Are the founders selling HBAR?

Fri, 04 Jun 2021 18:11:40 +0000

Yes they are, and are completely transparant about it. You can follow the movement of their Hbars via their wallets 0.0.54795 through 0.0.54990 and 0.0.1 via dragonglass.me. Movement of hbars to third parties not necesserily means that they are also being sold.

The founders have instituted a responsible hbar sales plan designed to avoid (a) unfairly benefiting or the appearance of unfairly benefitting from their access to information that may not be broadly known and (b) disrupting public markets.

Somebody (Jon) from the Hbar Telegram chat gave some extra insight behind a selling plan:

You're extrapolating without being aware of how their selling plan came into being. If you're a key Insider, and you go to an SEC specializing Law Firm, they are going to take a sell plan right off the shelf. It's freaking boilerplate guys. This isn't something that Leeman and Mance dreamed up.

Think about what you know of them. They walked in and they asked for the advice of lawyers and the lawyers gave them their bulletproof package. The one long-term selling plan that was indisputably noncontroversial. And of course our guys, being who they are, said good that's when we want.

You have to pick a plan that puts you absolutely beyond any reproach based upon an allegation of Insider knowledge. So the plan that was given to them was adopted long before this selling took place. Probably at least two years beforehand. Maybe three years beforehand.

Such a plan is the only way guys in their position can safely sell. Because if challenged they can say, look I adopted this long term personal diversification program years ago. Therefore, the allegation that I'm selling now based on Insider knowledge is preposterous or specious.

It has to be a sell program on autopilot. Don't you see? Geez guys. Otherwise given the litigious environment of the world there is no safe way out for a founder out of a company or in this case a crypto.

If they were just to hold their coins and wait until they felt a hunch that it was a good time to get out, they would have to look over their shoulder for several years wondering if somebody's going to sue them and take all their money back, and then some, and possibly get charged criminally, based upon an inference, which would appear facially reasonable, that they were trading based upon something if they knew that the market didn't.

Because they always know something at the market doesn't! So unless it's on autopilot established years before the event, they are always vulnerable to civil or criminal charges.

sources:

The founders have moved hbars to other network accounts in amounts inconsistent with their sales plan. Does that mean they are not complying with their sales limitations?

Are the founders subject to any sales limitations?

Hedera’s founders have substantial hbar holdings. Are the founders selling hbars?