HEDERA Hashgraph's Governing Council. Who are they and WHAT DO THEY DO? Hbar update today

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In this video I take a look at Hedera Hashgraph's governing council members, who are they and what (if anything) are they doing on the Hedera Network? There is no other Cryptographic platform with such a large, decentralised and enterprise grade governing council. Let's learn more about them together.
The $Hbar GC include some of the largest companies in the world including: ABRDN, Avery Denninson, Boeing, Chainlink Labs, DBS Bank, Dell Technologies, Dentons, Deutsche Telekom, DLA Piper, EDF Energy, eftpos, FIS, Google, IBM, IIT Madras, LG, LSE, Magalu, Nomura, Servicenow, Shinhan Bank, Standard Bank, Swirlds, TaTa Communications, Ubisoft, UCL, Wipro, Zain.
Zenobia Godschalk interviewing Dell: • Gossip about Gossip: D...
Interviewing Andrew Gastwrith of DLA Piper: • An Interview with Andr...
Google mentioning holding the next Hedera GC meeting: • HBAR Circulating Suppl...
Hbar Circulating Supply Video: • HBAR Circulating Suppl...
Google Web3 Grant Programme: www.hbarfounda...
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[@Michael02703]

Great job Max. Let me add a bit to help. I was formerly an executive at EMC. EMC is the portion of the business that Dell now uses for its enterprise business. This involves large servers integrated with mainframes, etc. The way the process worked is that EMC/Dell would bring customers to Hopkinton, MA where the entity was headquartered. At the Customer center we would set up all possible varieties of hardware and software suites that could suit the needs of the individual customer and its particular needs. The customer would then customize a system architecture that met their needs. Based on history, my belief is that the public ledger/Hedera will now be on the menu of options for customers as they regularly update their system needs. This will result in periodic roll-outs to extremely large corporate IT departments as they decide whether a public ledger helps their business.

[@MWalkerWilliams]

Wow thanks for the inside scoop Michael02703, very interesting and exiting. 👍🏻

[@joehart4532]

Great video, I've sent it to my dad so he can see why invested my money in hbar and why im so confident in my decision 🚀

[@MWalkerWilliams]

Thanks Joe, I hope your dad sees what we see. Mine does! 👍🏻

[@SlySlanders]

Let's go Boeing! I stake with y'all.

[@MWalkerWilliams]

I’ve heard rumours they’re cooking something big on Hedera 👍🏻

[@quaziz]

Hedera is a troyan horse into The blockchain in my opinion. Will always fight against it. They Will not kill Bitcoin and crypto if we all fight back

[@hassandiallo5326]

Hedera is the Lion within the web 3 jungle, power house, thanks Max, excellent delivery. Enjoyed it.

[@MWalkerWilliams]

Thanks very much HASSAN, I’m glad you enjoyed, it was fun to make. 👍🏻

[@DarnGood1]

Love the updates, Max. Always the best conclusions and research available anywhere.

[@MWalkerWilliams]

Thanks so much David, I really appreciate that 🙏🏻

[@michaeld4941]

Max at his best! Thank you for your informative efforts!!

[@MWalkerWilliams]

Thanks so much for watching Michael and for taking the time to comment 🙏🏻

[@HenrikRClausen]

IBM: I thought "1920" - typewriters, mechanical calculators and stuff. I remember them being the Huge Giant in the PC business, which nobody could compete with. As it turned out, Microsoft and other startups were perfectly able to compee, and very much did :)

[@CryptoBellwether]

IBM is a powerhouse in the consulting side of the future of Web 3

[@MWalkerWilliams]

I agree but IBM made $9,300,000,000 last year in free cash flow, don’t discount them or feel sorry for them! 😂

[@MWalkerWilliams]

Correct ✔️

[@dwightperry9811]

Once again awesome video Max and it's great to see what Google is doing, maybe you should contact Ubisoft and arrange an interview 😂😂, it's a shame they have this great technology and not utilising it. 🤷🏿‍♂️

[@MWalkerWilliams]

Agreed and I am trying to make contact with them 👍🏻

[@MWalkerWilliams]

True.

[@jerryfalsetto8431]

So much content packed in 52 minutes. The highlight for me was was DLA Piper and Dentons advising Saudi Arabia. Crypto is a wonderful and mistreated puppy at the animal shelter looking for a good home. The home must be filled with trust and love on both sides. I would love to see Saudi Arabia adopt it. The issue in the west is "taxes". It's not and can't be put in a tidy little Charles Schwab statement with a 1099 ( year end tax report ) sent off to the customer and the IRS. The end result will be the large deposit tax report generated by banks which is getting easier during this round of consolidations. Oops, I've gotten off point. That's why you are doing the video and not me. Great job as always Max.

[@MWalkerWilliams]

Thanks so much for watching and for taking the time to comment Jerry, I appreciate it. America is pretty unfriendly to crypto at the moment but plenty of places in the West are, the UK, Portugal, Switzerland to name but a few.

[@enzo99991]

Excellent video Max - thanks for putting it together

[@MWalkerWilliams]

You’re very welcome John, thanks for taking the time to watch and comment, I appreciate it 🙏🏻

[@Got2Learn]

Great informative video, keep em coming Max!

[@MWalkerWilliams]

Thanks so much Got2Learn and will do 👍🏻

[@hbarianoverlord]

Great Hbarian content Max! thanks

[@MWalkerWilliams]

You’re welcome and thanks so much for watching 🙏🏻

[@MV_96]

Thank you very much, Max! 🎉

[@MWalkerWilliams]

You’re so welcome, thanks for watching and for taking the time to comment 🙏🏻

[@rossgraham8289]

Hi Max. I've bought hbar every week for about 3 years now. I'm getting to the stage now that I'm happy with the amount I've got. Do you think it's better to start investing in another project, or mabye look in to stocks? I've never really invested before hedera, so still unsure about where to put my money. Also, thanks for the hbar updates. It's been too long!

[@MWalkerWilliams]

Great question, for the stocks I think most are massively over priced and unless you have inside knowledge or enterprise level money it’s generally a mugs game at the moment. There are other projects that are likely to go higher in price before Hedera but it all depends on your risk tolerance. PePe meme coin has 1000 X in the last month but it will hit $0 at some point.

[@alanpeacock8958]

The question from Ross about diversification is very pertinent, or as Wall Street guy Peter Lynch called it deworsification. Max, I remember a few years back you said you owned ~500k HBAR, recently I think you said ~5mil. So, would you say success comes from finding a project you believe in and then going massively 'overweight' and diversification is just a word used to sell newspapers and investment advice forms?@@MWalkerWilliams

[@rossgraham8289]

Thanks for the reply max, really appreciated. Haha, I'm not a one for meme coins, although I did think about buying a small amount of Pepe a couple of weeks ago. It's all good if you manage to get out before the inevitable crash.

[@rossgraham8289]

"Diversification is protection against ignorance. It makes little sense if you know what you are doing." I don't think this quote was born out of an unregulated crypto market. That's the only thing that drives me to diversification... Regulations.

[@23bramble]

@@rossgraham8289 I love Hedera and it was my first project , however I know not to put all my eggs in one basket. There is another few very good projects in the space that have massive potential also. Can I be so bold and say give Jasmy a look 😉

[@davidmurray5175]

Well done again Max.

[@MWalkerWilliams]

Thanks so much David, I really appreciate you taking the time to comment. 🙏🏻

[@agibsonallan]

Thanks for the fantastic video, best regards

[@MWalkerWilliams]

Thanks for watching and for taking the time to comment Allan, I really appreciate your support 🙏🏻

[@zaldecerna3349]

frog is great but it is temporary. hbar is the future!

[@TheSosaHouse]

Thanks for the video... btw its F.I.S not "Fiss" Fidelity Information Services....(and we are a huge company... great to work for ... global) thanks for your video 👍🏽

[@MWalkerWilliams]

Thanks so much and sorry for the error on my part. 🙏🏻

[@geniek5348]

What is interesting is that if a bad actor is a bad actor and they want to participate they can't be bad actors even if they were a corruption corporation. The fact that you can be anonymous doesn't stop "evil corporations" from running nodes on other chains anyway. I have a question though, what do the governance nodes get paid, I might of missed that part.

[@MWalkerWilliams]

Thanks for the comment, I don’t understand your first point. They don’t get paid anything, in fact it costs them to participate 👍🏻

[@thedrover2693]

Thankyou for the good informative vids

[@MWalkerWilliams]

You’re welcome, thanks every so much for watching 🙏🏻

[@RobertReg1]

Great, great stuff

[@MWalkerWilliams]

Thank you Robert 🙏🏻

[@johnm6852]

Eftpos are also No1 in NZ

[@MWalkerWilliams]

I didn’t know they are big their too. Thanks for teaching me! 👍🏻

[@sterlingcampbell2116]

Max, are you concerned that Hedera's near zero transaction fees will interfere with price appreciation? Are transaction fees going to be the main source of revenue?

[@robertbeka6123]

Good question - i would like to know the same Max?

[@sterlingcampbell2116]

@H C Nobody said anything about profit. Hedera will require positive revenue to survive, maintain and expand.

[@BoxxyFan]

HBAR is a utility token, not a stock. Hedera is not about making money, it's about the tech 🚀🚀🚀

[@sterlingcampbell2116]

​@@BoxxyFan Most people who hold Hbar do so to make money. The overwhelming majority. In any case, Hedera must produce revenue just to maintain the network and ensure growth. Pretending revenue production isn't important is just silly. This applies to every type of enterprise...not just stocks.

[@sterlingcampbell2116]

@H C The overwhelming majority of people who own crypto do so to produce wealth. Also, a great many cryptos were created as a business endeavor, even ones that weren't pump and dumps. That being said, even non profit organizations still need to produce revenue to keep themselves afloat and expanding. So the answer to my original question is valid regardless.

[@Xrppreacher]

Max your the best do you think HBAR can hit 50 dollars by 2030

[@lifes40123]

Thats a $2 trillion market cap

[@MWalkerWilliams]

It depends, the real question is if I say yes, what does $50 buy at the time?

[@MWalkerWilliams]

Inflation is currently reported by the BOE at 12% pa it’s actually more like 17% is that continued to 2030 and Apple retains the exact value it has today it’ll be a $6.5T dollar company. Can Hedera be 1/3rd the value of Apple? It’s not impossible.

[@joebro247]

Hello Max, thanks for the great information as always. Newbie question here, how will these companies use hbar in the future? Will all of these major use cases greatly reduce the circulating supply ?

[@oakbz]

They need to buy HBAR to pay for transactions on the network. They will not reduce the circulating supply, they will increase the velocity of the coins. They buy HARS to spend them on transactions to run their businesses.

[@MWalkerWilliams]

Hi joebro247, the GC members (and many others) by the Hbars to carry out transactions on the network. Depending on the size of the use case this will take up supply as companies buy Hbars to ensure they always have enough to keep their use case live. For example, when atma.io launched I believe Avery Dennison bought $3m of Hbar to get the app going. At the rough price at the time that was 42.8m Hbar, if 1,000 companies did the same there would only be 1.7B Hbar left over!

[@MWalkerWilliams]

It does both as I’ve explained above.

[@joebro247]

@@oakbz This process reduces the circulating supply though I thought, as companies holding Hbar would make it more scarce? Thanks for the response!

[@joebro247]

@@MWalkerWilliams thanks for the response! This is very interesting.

[@miniarcadesystems7975]

Thank you sir for your video

[@MWalkerWilliams]

You’re welcome, thanks for watching and for taking the time to comment Mini arcade systems 🙏🏻

[@Bond-wn9su]

Hi Max, what’s your view on Iota as they both seem a like?

[@MWalkerWilliams]

From what I know it’s a DAG and it’s a decent project but there is no DAG that I’ve come across that matches up to Hedera technically speaking. In terms of investment it could a better opportunity, I don’t know until I look 👍🏻

[@praveenjali4326]

Why Hbar price falling down when there is lot of developments going in the project .I believe Hbar should increase its expansion along with that more and more adoptions is necessary .It has a potential to come up in top 10

[@sterlingcampbell2116]

It isn't tanking... It's up almost 100% YTD. To answer your question, though: the overall crypto market isn't going to take off until the US federal reserve pivots. Until that happens the price won't take off whether developments are made or not. Circulating supply increases are also a factor that's helper cancel out network growth.

[@Supremax67]

Crypto pricing is manipulated by heavy FUD and SHILL, however, unlike use cases, FUD can only do so much harm that it eventually runs out of steam. The negativity is simply not sustainable and you end up with just the hard facts.

[@sidekickmusic5936]

Logo not cute enough. Name not catchy enough. 🤣

[@Supremax67]

@@sidekickmusic5936 -- Just the way I like it, let's get rid of all the FOMO and just stick to the facts.

[@MWalkerWilliams]

I agree completely, it’s frustrating but the weight of the whole market going down as liquidity (money) leaves the crypto space Hedera goes down with it. This will continue to happen until Hedera is so big the wider crypto market won’t effect and I believe that will happen.

[@uroszecevic1389]

As usual like before watching

[@MWalkerWilliams]

Haha, thanks Uros, I hope you actually liked it after watching too. 🙏🏻👍🏻

[@uroszecevic1389]

@@MWalkerWilliamsno doubt

[@MWalkerWilliams]

🙌🏻

[@Arubenn]

Hey Max, I've been watching for a long time. To answer the WhatsApp question, they sold it to facebook for $19 Billion dollars.

[@MWalkerWilliams]

Thank you and they had like 12 members of staff! 😂

[@zahava1980]

I'm curious what your price target is for HBAR, Max? I have 100k HBAR and want to know if that will be enough to retire off of in 10 years.

[@orangeyouglad7594]

That will not be enough to retire. Most projections place Hbar at one dollar this bull run and 3 dollars the next.

[@EE-gy1kf]

​@@orangeyouglad7594 ADA did 3$ with similar supply and based on pure speculation and zero adoption. Minimum 2$ per Hbar in the next bull run.

[@orangeyouglad7594]

@@EE-gy1kf Lol that was a euphoric environment where the fed was printing record money due to covid crisis plus near zero rates. We won't be returning to that even after the pivot. You have to consider the entire picture...not just supply and hype. Plus there's way, way more competition these days from Cspr and the Xs. To say nothing of SEC hostility. No, $2 is not a guarantee, and you're fooling yourself if you blindly choose to believe that

[@MWalkerWilliams]

That’s impossible to say without knowing a lot more about you, what are your other assets, what’s your standard of living, how old are you, how healthy are you, etc. In 10 years if Hedera isn’t at least $5 I’d be very surprised.

[@MWalkerWilliams]

In India that’s enough for the whole street to retire, don’t make assumptions on people’s context based on your own. 👍🏻

[@praveenjali4326]

Hedera look up at Hbar price it’s undervalued .Work on that 1st 😅

[@EE-gy1kf]

HI Max. Thank you for a great HBAR video. I would like to consult your opinion on one aspect of Hedera staking rewards that I have heard people talk about. We know that staking reward APY is computed on the basis of the total staked HBAR amount. The issue is based on simple math. Let us assume that I, as an investor, expect 6.5% APY on my staked HBAR. It can be shown that if the amount of staked HBAR is greater than 46.94B (= 50B / 1.065) then 6.5% APY would not be possible as the staked HBAR plus the HBAR paid in stakimg rewards would exceed the maximum supply of 50B HBAR. One can make a similar calculation for any desired level of APY and come up with an amount of staked HBAR that would make this APY impossible to deliver. What are your thoughts on this? What am I missing? Have the Hedera Foundation shared opinions on this? I realize that this is not an issue that is problematic at the moment but it may be in the future.

[@MWalkerWilliams]

Not all Hbar can be staked, there are more Habr than their nodes each with a stakable limit. Swirlds’ node for example is maxed out, you can’t stake a new Hbar to it. 👍🏻

[@EE-gy1kf]

@@MWalkerWilliams Hi Max. I just looked up the Hedera rules for max stakimg per node. The max stake per node is computed by dividing the total supply of Hbar by the number of nodes in the network. That is, 50B / N where N is the number of nodes. This means that the whole Hbar supply can in fact be staked. This however is not the main issue. The main issue for me is the followimg. Let us make some assumptions about one possible future scenario: all 50B are in circulation; 40B Hbar are staked; the price of one Hbar is 1$; the transaction fee is 0.0001 USD and staking rewards are fully funded from transaction fee revenue. If we require 6.5% APY that would translate to a daily staking reward of 7.1M Hbar (= 40B x 0.065 / 365). It can be shown that we need 820K TPS to generate enough tranaction fee revenue to allow for this 6.5% APY. Here is why: 820K TPS x 24 (hours) x 60 (min) x 60 (sec) x 0.0001 (USD) x 1 (Hbar per one USD) = roughly 7.1M Hbar. Now imagine what happens if stakers, after the first reward payout, decide to re-stake all of these 7.1M Hbar implying that now the staked Hbar is 40B + 7.1M. As per the previous equation the TPS needs to increase immediately just to be able to sustain the 6.5% APY. Note that this simulation can be redone with any values for the main parameters of interest. The bottomline is that as stakers re-stake their rewards the network TPS needs to increase continuously just to be able to sustain a givel level of APY or else APY would continously fall demotivating staking behaviour and compromising the security of the network. Where does this issue come from? It comes from 1) transaction fees are paid in USD that is then converted to Hbar but 2) staking rewards are paid as a percentage of staked Hbar. There is a disconnect between the two givig rise to the issue I described. Do you agree with the scenario that I described and what are your thoughts on its implications?

[@MWalkerWilliams]

There are a lot of assumptions there but the over reaching theory is correct. However, if Hbar is $1 then the APY won’t be 6.5% (I doubt) it’ll be closer to 4%, I also don’t see 90% of the total supply being staked at any point, there is too much required for transactions and/will be held by enterprise use cases. Most importantly you’ve worked on the assumption that all transactions are $0.0001 when there is a tariff of fees with many much more than that (a native token burn costs 10X that = $0.001, contract storage payments are set at $0.2, still far cheaper than any other platform I’ve seen but still 2000 times more than your example fee). Hedera Test net is currently running 4,000 TPS and I do see a time when 1T transactions per year is regular on Hedera. Hope that helps.

[@orangeyouglad7594]

Google finally doing something!? Noice

[@silencenhikes6692]

Shinhan bank and their stablecoin. Wonder how that one is going? Because it has been a while they are building their stablecoin on hedera.

[@MWalkerWilliams]

I guess use cases like that from institutions like them take an age. They can’t afford for anything to go wrong.

[@MWalkerWilliams]

Exactly 👍🏻

[@revanth87]

Its IIT (indian institute of technology) not ITT.

[@MWalkerWilliams]

Thank you and sorry for the error on my part 🙏🏻

[@fadodohilario]

If Hedera wants to really be decentralized it should start attracting non western countries, mostly Russia, China and India.

[@MWalkerWilliams]

Did you not watch the video? They have India, in fact I believe they have a node in every continent now except the Antarctic. I agree though, a Russian company would be good but could be a political mine field.

[@Supremax67]

It looks like you are using hand claps to know where to do your re-edit cut and paste. I noticed it because you clapped twice and started repeating what you said. You might want to use a high pitch hand on clicker, easier to spot on the audio track.

[@MWalkerWilliams]

Sorry about that, do you know the time I do that at please? Thanks for pointing it out 🙏🏻

[@Supremax67]

@@MWalkerWilliams -- At 36:02 There was also another one, I'll see if I can find it.

[@Supremax67]

@@MWalkerWilliams -- also at 38:58. Can't recall where the third one was, if there was one.

[@MWalkerWilliams]

Thank you 🙏🏻

[@lifes40123]

All these companies and people still sleeping on Hedera.

[@MWalkerWilliams]

Crazy!

[@Hbarracuda]

First to comment 😄

[@MWalkerWilliams]

Noice! Tweet me for a prize! 👍🏻

[@Hbarracuda]

Really? I will tweet you right know Hedera brother 😊

[@7hBruh7]

Where do chainlinks revenues come from?

[@sterlingcampbell2116]

Your purpose in life has been fulfilled..

[@Hbarracuda]

@@sterlingcampbell2116 😂

[@pauldumitru8002]

Google, IBM, bla bla bla Its simple low price - low value Its simple joke coin - joke project Why joke coin?? Coz only long red candle only!!! Only red I know bear market bla bla bla.. all others stay ok and this "gold" 😂 coin dump Because all holders sell and no one buy this Why sell? Because no value

[@MWalkerWilliams]

If you’re profile picture is you then you are far too old to talk like that. Have some self respect. Value and price are two very different things and although people with your attitude are generally correct in the short term, in the long term they always get absolutely slaughtered. I’ve seen it in property, health care, hotels, development and crypto. You’ll always be a short term winner and a long term clown and the worst bit is boys that are built like you never change because they never accept that their circumstances might be their fault.