HIP draft – HNT redenomination #275
Conversation
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Here is the link to the rendered view of the proposal. https://github.com/jmfayal/HIP/blob/72ead15e30d84bf6b89ce44f425eed4c981af57c/00XX-hnt-redenomination.md |
jamiew
changed the title
Any specific concerns worth discussing? |
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This draft HIP has been officially numbered and merged as HIP39: HNT Redenomination Please direct future comments towards that tracking issue #283 and please tag |
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Most recent Example of a split. Now this is still a long term strategy. and i completely understand the point of trying to do this. and to reach more volume at a lower price. However. Apple has done this very same exact thing. that i traded very successfully by the way. however, the Apple High was at $157.26, which apple has yet to breakout above this price after the split. Normally with spilts like this, it will go down and consolidate for a long time creating a new support floor. Now can Apple breakout above the $157.26 level in the future, yes potentially. now how long will that take and is it even necessary, bc the volume coming in has NOT increased like the strategy suggested after a split due from the pandemic free money volume. apple. since the split Apple is down 18% . and has been a downward trend. This is one example, which is the most recent , and Extremely Valuable Company. Now i totally understand the point of this strategy, but just be aware of the complete opposite reaction to the market. However, that being said, will people be more inclined to buy helium at a lower price than the current market price. in the REAL World., where do you BUY ANYTHING for CHEAP that has HIGH VALUE? so I ask the community, What is the TRUE value of the Helium Blockchain? Do you BELIEVE in the enhancement we are creating with the LoRaWAN and 5G decentralized Wireless network infrastructure we are building? Is our goal to appease the minds with mind tricks and copy other crypto project market strategies? or ARE we HERE to BECOME a LEADER in a New SPACE which we Become examples of Organic Beginnings and allowing the Market to be the Market and Give Us the True Market Value without "blatant" manipulation. This is tough, and i understand both sides of the fence, here, but at the same time, I DO BELIEVE in the Helium Blockchain and its VALUE. That we do NOT need to manipulate markets to make PEOPLE WANT to buy MORE HNT. in the Markets, People DOUBLE DOWN and TRIPLE DOWN on High Value items, not because the PRICE is CHEAPER, but BC there is TRUE VALUE behind our Mission. Lets talk more and i am always willing to listen to any counter debate, and IF I END UP WRONG< then I HAVE NO PROBLEM giving you the Rep. > |
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Big no for this |
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Incentive Unit Bias: For most of Helium’s history gateway owners have enjoyed earning mining rewards in excess of 1 HNT per day (historically much higher), but with the HIP-20 halving and a 10 fold-plus increase in gateway deployments in 2021 those earnings have been reduced to partial fractions of an HNT. Even though the market price of HNT has increased approximately 20X since August 2020 and the median $ earnings per hotspot has remained generally consistent, there has been growing discontent with the HNT earning rate!!!! |
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Makes no mention of DC. Changes would need to be made in the DC area as well. These are not spelled out. This causes this change to affect even more systems.  |
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What would the validator stake turn into? |
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Quindi se ho ben capito, si è deciso di rideterminare il prezzo dagli attuali 47/50 dollari a 0.05 per hnt 1:1000. Che benefici avrà questa riconversione ? Averne in conversione per ogni hnt posseduto, 1000? Far aumentare la capitalizzazione di mercato ? Si spera che a 0,05 il prezzo si più appetibile ? Consentire ai possessori di hs di minare non più 0,3/0,4/0,7 a settimana ma 700/800 hnt a settimana ? Lo stesso fece Apple, ci furono benefici ? Mah, non ho la presunzione di saperne di più di chi ha proposto e sta votando nella direzione della rideterminazione. Speriamo bene. Voi cosa ne pensate ? |
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👎 I do not see a need for this change. |
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