Is HBAR just unnecessary tech? A friend’s take and chatgpt thoug
I hold 25,000 HBAR and truly believe in its potential. However, a developer friend recently challenged me, saying:
“Everything HBAR does can be done with a simple relational database and SQL. It’s just selling a dream to non-specialists.”
I wasn’t sure how to respond, so I asked ChatGPT for its take. Here’s what it said:
ChatGPT’s Argument: Why HBAR Might Be Overhyped
ChatGPT agrees that in most cases, my friend is right:
✅ SQL databases are faster, cheaper, and more efficient than DLTs like HBAR. ✅ If a system is owned and controlled by one entity, decentralization isn’t needed, and a traditional database is a better choice. ✅ Most companies using blockchain technology could achieve the same results with existing database solutions (PostgreSQL, MySQL, Redis, etc.) without the extra complexity.
ChatGPT’s Counterpoint: When HBAR Might Be Useful
However, ChatGPT also recognizes some niche cases where HBAR (or a similar DLT) could be useful: • Decentralized trust between multiple parties – If companies or individuals need a shared, verifiable ledger without a central authority. • Immutable audit trails – Ensuring data cannot be modified or erased, which is useful for compliance, supply chain tracking, and public records. • Fast, low-cost micropayments – HBAR’s speed and fee structure could enable new use cases that traditional payment processors can’t handle efficiently.
Where I Need Your Help
I still believe in HBAR, but I want to understand how to counter my friend’s argument more effectively.
What are the best reasons why HBAR is necessary and can’t be replaced by traditional databases? Looking for strong counterarguments from the community!