Can Holochain hit $1?
Can Holochain hit $1?
Jonathan Reed
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Joshua Harris
David Cooper
you'll be lucky if it hits a penny
Cameron Long
Gonna be honest I have a third of my crypto in HOLO cause I can see its unique and the project is one I can trust 100% BUT
I have no fucking idea how the economics of the token move to Holofuel mean for its value would appreciate some answers or I may start a thread asking.
Colton Cook
unironically read the white paper
Dominic Martinez
I'm unironically too lazy and want a simply explanation. Have yet to hear one I understand.
Jace Morgan
Dude you go read or look at their youtube. You fell for the FUD. The inflation everyone talks about was that the amount of tokens available in the ICO and the ICO cap was set to change depending on the amount of interest in the hardware sale and devs that signed up
Caleb Morris
>That will probably cause some confusion, given a direct quote from that paper is "There is no minting, mining, or burning of coins".
Enjoy owning a part of a network that will just return value exponentially as nodes come online offer more compute.
Carter Green
Reading the white paper now.
James Allen
Eh just read the greentext if you want the easy
Chase Nelson
That paper is a little confusing too as the context is light.
But basically the supply was set by the ICO and now the network will form with that supply and it just gets shifted around on there and the value will be set by what people will sell it for and how much compute people will offer per token so that makes the "value"
Carter Morales
I dont give a fuck just keep the memes coming
Angel Williams
Ok not to shortcut having to think about it myself BUT what does that likely mean for the value at conversion? I get what fuel will be used for I just don't understand the goundlevel reality of what its going to do to value as it relates to early compute power.
Really simply do you think it will increase or decrease in value at first?
Christian Edwards
My best guess, in the beginning, there will be a lot of offers of compute power and very little money flowing in, so the fuel will be worthless, with everyone fighting for the same little money, but as the system matures and becomes the next Amazon, we millionares
Lucas Adams
Oh ok my bad.
So there are going to be the thousand nodes initially providing compute that they sold and whoever else joins. So that is dynamic, which is the point of a horizontal system like this.
Mason Barnes
If its worthless at first why not just wait and buy then?
Jason Sanchez
This too by design so that they can desperate bankrupt apps to migrate.
Like if you can just rebase and cut your costs 30% then you would do that and that's how they kickstart awareness.
Nolan Stewart
No no that's not what he meant. He meant that the hosts will be worthless. Their compute will be cheap at first because it starts at the bottom and the market builds as the demand comes in.
Jason Jackson
Hosts set their own rates so initially they will all be low trying to get their firsts customers and then the market will kick in.
Brayden Ross
I'll be a millionaire if it hits a penny...
Chase Scott
That's the argument it can't hit a dollar. Imagine $100 million just cause you browsed on Jow Forums at the right place and time. Yeah right.
Matthew Harris
>being such as newfag
>not realizing back in 2011 biz was shilling bitcoin
neck yourself newfag
Caleb Walker
You mean like when many people became near millionaires when they gave .01 btc on bitcointalk for NEM stake? Or maybe NXT who became millionaires for sending 50 bucks of btc to a PM on bitcointalk....500 bucks worth of IOTA ICO would make millions. Nano for using a captcha could of made you a million bucks. etcccc
Zachary Moore
bought the dip. I'm ready for the upcoming holocaust
Isaac Jones
lol those are in no way comparable those are early day projects in 2015/2016, and a bullmarket like the '17 one will never happen again.
Jackson Reed
never is a very strong word user
Christopher Harris
Kek
Lincoln Hill
Its absolutely comparable cause we are now in the cycle where everyone is starting to throw in the towel and despair just like back then. Last thing I checked peoples emotions don't change. The next cycle will happen after a dip to 4k probably. Being emotionally too desperate now and not seeing the opportunities with Alts INCREDIBLY cheap is just as emotionally blinkered as not seeing the bubble early this year.
Leo Gonzalez
GAS THE BLOCKCHAIN, HOLO CAUST NOW!