I’ve been hearing some rumors and wanted to get your thoughts. Do you think it’s possible that some crypto firms might be working together behind the scenes to sabotage Hedera’s progress? With all the competition in the blockchain space, it’s not hard to imagine that some companies might use their influence to spread FUD or hinder Hedera’s development in some way. What are your thoughts on this? Have you seen any signs or evidence that could point to such collusion?
Yes, crypto firms are trying to subvert Hedera’s progress, but I’m not sure if they are working together or independently.
I know that some top YouTube influencers have made sketchy videos promoting Cardano while trashing HBAR in the same breath. There’s no question that those were paid promotions. A few people have even come forward, revealing that Cardano has a growth team responsible for hiring people to give fake testimonials on YouTube and social media. I’ve seen this firsthand—when you watch certain YouTube channels for Cardano content, it’s clear that many of the comments are just phony promotions meant to hype investors.
Absolutely, several crypto companies seem to be working together to cripple Hedera’s progress. Every time something great happens to Hedera and HBAR’s price goes up, the trolls come out in full force. I remember when Chris O’Connor, a major Cardano influencer, attacked Hedera right after Archax and Ownera tokenized BlackRock’s ICS US Treasury Fund. He claimed that too many people misinterpreted the announcement, and strangely, Cointelegraph and other major crypto outlets picked up that story, which caused HBAR’s price to crash. It’s frustrating because these crypto firms have significantly suppressed HBAR’s price over the years.
Most of these cryptocurrencies aren’t really focused on creating revolutionary technology like Hedera. Instead, they craft an illusion of innovation to entice investments, making you believe their coin will change the world or become the next global reserve currency. But Hedera is genuinely in the early stages of world-changing developments. To counter this, these other projects train their investors to despise Hedera, spreading FUD to undermine it. They might have some success in the short term, but I believe their sabotage won’t be able to hold back Hedera’s true potential forever. One day, Hedera will shine brightly, rewarding all its early believers and investors handsomely.
I remember that at the beginning of the pandemic, many top influencers frequently mentioned HBAR as one of their main holdings. It’s ironic because, one by one, each influencer stopped doing videos about HBAR and started promoting Cardano instead.
I think what happened is that Cardano’s Growth Team began targeting all the top social influencers and paid them to hype up investors. Not long after, Cardano reached its all-time high. It might be worth investigating this matter because it could be one of the largest instances of fraud in history, considering Cardano’s market cap hit around $94 billion.