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Hubii Network is a terrible coin project. There has been no exchange since the end of ICO. It's definitely a fraud project.
Spending money to get listed on an exchange is not in the whitepaper. They have done more than most projects as far as development, and that is all that matters. |
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The project looks overally good, but I just don't see the point of creating such platform. There are already other, better ones. So this project will just die out after completing as no one will most probably use it.
There aren't any projects like this that have succeeded in the real world, there are platforms trying to do the same thing but they're nowhere near ready and face scaling issues as well as issues with DRM and distributing content. The partnerships that Hubii has will give them a pretty big advantage over other platforms. |
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Good information, thanks for sharing. I would like to add that if a project is being endorsed by any kind of celebrity is most likely a scam. Stox was the only endorsed project that wasn't, however, every other project turned to be a scam or failed to reach its goals.
Off the top of my head, Centra (accused of fraud by the SEC), and Bitcoiin (was sent a cease-and-desist order) were both endorsed by 'celebrities' and turned to be scam. Others either failed to reach their goal (like Hubii), or had something fishy going on in their companies (LydianCoin, anyone?).
Hubii didn't fail to reach their goal, they didn't reach the maximum cap. They're almost ready to release their Ethereum scaling solution to mainnet(already on Ropsten testnet) which will be the biggest smart contract deployment on the Ethereum network to date. https://github.com/hubiinetwork |
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This project aims to be a blockchain content marketplace which I personally think is not a great concept as the userbase it targets, doesn't actually need this type of project currently. The project is greatly executed and has a dedicated team and a well designed but lengthy website too but it would only be successful if it somehow gets large user base which I don't think would be possible so I would not consider investing in this project.
There are benefits for users which are mentioned in the whitepaper. The users don't necessarily need to know they're using blockchain, instead they could enjoy the benefits, as they already have an existing content platform that distributes media to around 50 million people. They would simply migrate those users to the new platform and they could continue using the service as they always have, while enjoying more benefits that blockchain offers, while the content creators and contractors enjoy lower fees and faster payouts. The partnerships they have would allow them to reach many more users, so I don't think there's much of a problem with getting new users. |
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The Hubii Network project team needs to strengthen the marketing aspect, which is beneficial to the long-term development of the project.
They are meeting in London the next two days to finalize everything regarding marketing, and it should begin within the following week. |
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The concept of Hubii project is not bad. The exchange has not been able to keep investors completely losing enthusiasm. This is very bad.
The lack of liquidity will be addressed in the near future with the release of striim and the hubii core exchange, there is a certain order to things and it is good that they chose to focus on development first before the start to market the products they have developed (in the coming few weeks). I think they will be able to incite some enthusiasm, but we will just have to wait and see. |
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It's a good and reasonably innovative project but there has been almost no reaction from the ethereum community, and the team even though hard working has failed several times in delivering promises in time. Unfortunately this has contributed to the price getting lower.
They are waiting get everything in place before starting the marketing campaign, I don't think there would be much of a reaction from the Ethereum community without people knowing about the project but that will change in the near future. The main thing that is currently held back is the exchange which, but there's a lot of stuff in the background that needs to be set up before anything can happen, they are making sure everything involving the deployments will go smoothly. I believe Jacobo mentioned that there will be 4 deployments in the next 6 weeks, so I would stay tuned for the news. The price action isn't really important at this stage, and given the current market conditions it is pretty much expected, things will change in the future so this isn't the time to start worrying. That is the good and bad of HBT as an investment, in a nutshell. Long story short "there's gonna be great things coming, only it will be in the next 6 weeks - wait, let's do 8 - wait, 12 weeks should do - etc etc". The catch is that in all the time they require (which tends to be way beyond their initial expectations), the context in which they operate can also change, and thus reducing the innovative edge they would have normally benefited from. I think HBT investors have learnt to take timelines with a pinch of salt, and overall there are currenltly more negative drivers to the token price than positives. By the way even though I expect HBT to go down in price short-mid term, I think it will eventually moon once the ecosystem is set into place as there are few teams in the cryptos panorama who display the same level of competence and integrity at the same time. But as I said, I think it is a reward that will come in due time. Yeah, I do agree that there has definitely some stuff that was behind schedule, not necessarily due to a lack of work or an inaccurate estimation, I think they expected there to be more established support for smart contract programming, a lot of it seemed to be out of their control they were simply not aware of the existing inefficiencies and problems within the ecosystem. As a business I think they might have assumed that the established tools and standards were professional in nature which really isn't the case which is why they will be putting together a compilations of challenges and successes in the development of Striim hopefully to help other projects struggling with similar problems due to a lack of substantial development on Ethereum. Now that they are aware of some of the setbacks I'm sure the time frames given will be more accurate. I don't think we are far from substantial progress, but we are kind of just stuck along for the ride, so we have to trust that they know how to run a business and do what is best. |
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It's a good and reasonably innovative project but there has been almost no reaction from the ethereum community, and the team even though hard working has failed several times in delivering promises in time. Unfortunately this has contributed to the price getting lower.
They are waiting get everything in place before starting the marketing campaign, I don't think there would be much of a reaction from the Ethereum community without people knowing about the project but that will change in the near future. The main thing that is currently held back is the exchange which, but there's a lot of stuff in the background that needs to be set up before anything can happen, they are making sure everything involving the deployments will go smoothly. I believe Jacobo mentioned that there will be 4 deployments in the next 6 weeks, so I would stay tuned for the news. The price action isn't really important at this stage, and given the current market conditions it is pretty much expected, things will change in the future so this isn't the time to start worrying. |
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I аm check in whitе рapеr оn уоur busіnеss, It іs trulу іntеrеstіng!
The whitepaper is very detailed, but it doesn't contain all of the updates. They have also created their own Ethereum scaling solution from scratch, that will be used by their exchange to provide liquidity, low slippage, and low spread so that HBT will be able to be used commercially by the content platform |
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it's all cool, but when do we have to wait for updates? the project is developing rather slowly. sorry for the inattention, but what are the latest news from the team?
Most of the updates are in the Telegram, so you should join to keep up to date. Major news or anything like that will come with a blogpost on Medium. I also made a small compilation of the work done in the last 10 months that is mostly complete if you want to take a look at that in the posts above. |
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The situation has being fixed now; I heard that it was the fcoin business model that was causing the congestion on ethereum network
There are too many flaws to be fixed and more issues will pop up eventually, ETH cannot be trusted as a store of value simply because of the flaws. I am not sure why everyone is focused on these sort of projects, i made my money with ETH so no complaints about it now, it is good for people who are planning to come up with projects, we have bitcoin and i am only worried about its growth and nothing else.  Transaction throughput is the only flaw that needs to be fixed at the moment. Ethereum is not a store of value, so the fact that you're even mentioning that makes me think you have no clue what you're even talking about. If you're not sure why people, companies, and projects use Ethereum, then you should spend the 15 minutes it takes to find out why. |
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The only benefit of EOS is that the 21 BP's elected by Bitfinex can roll back your transactions at will and spend your money twice. It's a nice feature, they enjoy it quite a bit.
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You can pick your poison, you can choose to use a tested and well documented platform that is bogged down by the occasional network spam, this time due to Fcoin voting funded by Ethereum from wallets related to EOS.
Or you can pick Cardano a platform that is untested, unused and unknown to a large extent in the community.
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The development of the HUBii coin project is very slow, and the price of Hubii coins has dropped to the bottom. Is the development of the HUbii project worth looking forward to?
There has been a lot of setup and development over the last 10 months, most of the work done was setting up meaningful partnerships with companies for different products being developed, Hubii Seed, Hubii Mind, Hubii Film, and Hubii Core. While most of the development effort has been allocated to Hubii Core and Striim which is their own native Ethereum scaling solution that is undergoing an audit and available on the Ropsten test net. In the next few months we will see the release of Striim, likely an update to Hubii Core adding the exchange features with Striim running in the background. Hubii Mind will also be released this year. |
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"EOS runs on only 21 nodes that check and validate new transactions. Every 126 blocks 21 new nodes get elected by the stakeholders, which means every round an elected node ‘mines’ 6 new blocks. Blocks get produced every 0.5s, which makes 1 round last ~63s."
EOS looks quite centralized, and the price keeps tanking and tanking.
EOS is one of the worst cryptocurrencies out there. It literally is designed to not be like any other cryptocurrency. It is centralized with the 21 "block producers", it is no longer immutable as they rolled back the blockchain nearly day one, and then they have the ability ( and audacity) to freeze wallets? This means that it's not censorship resistant either, which is a huge and fatal issue. In the crypto world no one person, or group of people, should have the ability to stop users from accessing their funds no matter what. I can't believe they had to pause the EOS blockchain so early. I mean bugs are understandable, sure, but ya know, that's what the $4 Billion dollar ICO was for, development right? Pausing the blockchain is so insane to me. How many times have you ever heard of a Blockchain being paused? When has Bitcoin/litecoin/eth/*insert any other crypto here* blockchain been paused? Blockchains should operate 24/7/365 without interruption, bug or no bug. Ok, so this "cryptocurrency" is actively doing the exact opposite of what cryptocurrencies try to achieve: Censorship resistance, immutability, and decentralization. Whats next, security? Not only that, but if wallets can be frozen dApps can surely be stopped. I wouldn't touch EOS with a 10-foot pole. And holy moly was the ICO long and drawn out. Why again did the devs need $4 Billion to develop EOS? Last time I checked $0 Billion was raised to develop Bitcoin. dPOS has yet to prove itself too, I am highly skeptical to say the least. IMO EOS is just a Ponzi scheme disguised as a cryptocurrency. Newbies will buy the bags off of rich hodlers with the promise of them getting free money with worthless airdrops. This is not sustainable, there is no such thing as free money. I sound like a grumpy old man, but I just cannot get behind EOS with these 21 block producers. It is far too centralized, far beyond any other coin (besides XRP/STR obviously). I'm sure I will get flamed for this post but we all have a right to voice our opinion, so flame me if you like, you have the right to do so. Recently it was announced that DIECI, a new smart contract platform targeting EOS will launch by the start of next year with decentralization "with no compromise". I, for one, have sold much of my EOS to anticipate this event. They have a lot of technical support and have done various tests to back up their claim, many are convinced.
I would like to see your views on this and how you think this will all play out.
Oh great, looks like you just created this thread to covertly advertise whatever the hell DIECI is. Yeah, I'd definitely stay away from that one. EOS is a better bet than that and that says a lot. This is pretty much entirely accurate, EOS was never alive, it's a great profit making scheme. Only took a year to get 6,533,200.75 ETH in exchange for a buggy broken centralized blockchain. Also it is good to mention that almost every single Block Producer is elected by Bitfinex, they control EOS as they control who gets elected. http://eos-bp-votes.dapptools.info/#/block-producers |
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as I understand the sale of tokens was quite successful. Tell me, how long did the token last? your token sail is already traded on some exchange?
Yes, the token sale was successful and there has been a lot of project development over the last year, including their own Ethereum scaling solution. It's currently traded on IDEX, Ether/ForkDelta, RadarRelay and some other decentralized exchange, more volume will come when they release their own exchange. |
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I'm with ninobtc on this. Sergey you can't argue that partners and content creators will be impressed with a coin which has a bid-ask spread of 30% and extremely low daily trading volumes.
That's unappealing to everyone, not just your average bitconnect redditor investor. That's why the price is dropping even though this coin should deserve the ethereum foundation attention.
This is a rare case of an extremely high quality product with poor self-packaging.
They have already come up with a solution to the volume, slippage, and spread problem. Literally the last 6 months have been spent with a large emphasis on their solution(Hubii Core) with Striim running in the background. Volume is mentioned in the whitepaper, I recommend you read that portion as well as the Hubii Core announcement again, it explains the situation well. They better fucking speed things up, look at today's price on forkdelta, this shit is ridiculous. Their job is to deliver the product outlined in the whitepapers, not to maintain the price. There is no volume at the current price on ED ≈300 HBT, the rest of the volume is at a higher price. One person decided to sell about 70,000 which is another reason the price took a hit recently. The audit is out of their hands, we aren't far from more releases so all we have to do is be patient and let the team do their job. The marketing will come also, when it is practical and useful. |
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EOS isn't even a competitor, there's no question that Ethereum is better. After a year and 6.5 million Ethereum raised they released a bug filled mess of a blockchain, entirely centralized to 21 BP's most of which are voted in solely because of Bitfinex. They compromised the integrity of their blockchain several times already, and have had to resort to paying out bounties for people to fix bugs instead of doing it themselves despite raising 6.5 million Ethereum and dumping it all in one year.
Ethereum desperately needs to scale, but while it slowly scales it's main chain, 2nd layer solutions like Striim, Raiden and OmiseGo will solve most of the problems.
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The safest is probably RadarRelay or other DEX's running on 0x, the best are the top 5. And the best mix of both is GDAX. But you also need an exchange that will have pairs available for what you want to trade.
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They're both good and bad. PoW makes it easier to centralize mining power, so it can be a lot less efficient as a sybil protection measure but PoS faces a similar problem as well. PoS can be good if the team holds none of their own tokens, or nearly none(which is never or almost never that case with these projects as most of them are simply pump and dump money makers for the teams). And as long as the tokens are well distributed without a large concentration of tokens in one wallet. They can both be relatively power efficient depending on the consensus algorithm used, but PoS has an advantage in general.
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