Greetings, brainlets. I’m here to talk about Holochain (HOT) and its future. I will make a few posts because what I typed is quite long.
At first I thought this coin was a Pajeet pump and dump, complete with Discord shill routine and the works. I read all about the tech and the team, and I thought that it was mostly bullshit, because the team are a bunch of SJW weird creeps and their papers are full of complicated jargon. However, I decided to do further research, and I’d like to discuss my findings, which are rather interesting.
I started with the Holochain ICO address: 0xa28fc2102da86e424b37ad86c7bc7855fc441239
I wrote a python script to parse transactions and discovered that more than one ETH genesis wallet contributed to the Holo ICO. An ETH genesis wallet is one which contributed to the Ethereum ICO. Here are two that stuck out to me:
On the subject of price, the recent "dump" in HOT/ETH happened only because of the gridlock on BTC/HOT and the ETH/BTC pump--this inverse correlation is perfectly visible in the HOT/ETH and ETH/BTC chart, and anyone with a grade-school understanding of math should understand this. In reality, HOT has mostly held its price and barely moved against BTC despite the large decline in volume.
It may continue to drop against ETH depending on what ETH does. ETH is currently near a potential local bottom, so if ETH pumps, HOT/ETH may drop. The key is that BTC/HOT is extremely stable, owing to the large sums of money pulling the strings.
While this is painful for the noobs who bought in ETH within the last week, this means that the whales manipulating this coin require less future volume to rocket above and beyond previous highs.
In fact, user has been posting "fractal" threads for a number of weeks now, referring to the apparently repeating price action. I believe this cyclical price action is a consequence of the above factors and whale manipulation. Here are two I found in the archives: Put simply, HOT has all of the properties that make for a 100x: whales who got in early with serious amounts of money, giant buy walls, very low price in sats, and a huge spread between the ETH and BTC pairs. What other coin did this happen to? TRX. "Coincidentally," HOT seems to be following the same pattern that Tron did in its early days.
There is a coordinated shill campaign slowly unfolding on social media: twitter.com/search?q=$hot I’m currently writing a bot to monitor sentiment and post volume and compare it to price action.
Other thoughts: maybe the idea is shit and doesn’t work, but development is extremely active. It is not vaporware. Maybe Mozilla isn’t going to partner with them, but they are clearly interested, and there are enough bread crumbs for this to be quite obvious.
Ask yourself this: are you smarter, or luckier, or whatever, than people who bought into the ETH ICO, held until this year, and then put a significant amount of ETH into the Holo ICO? Are you smarter than the people who run Binance?
tl;dr: I believe that at least one of two things is occurring: 1) people with very deep pockets, not Pajeets on Discord, have an interest in pumping this coin or 2) this project is legitimate, and whales know it.
This is easily a $1B token, and we will see the previous pattern of price action repeat itself and grow larger until it reaches that valuation, if not higher.
I appreciate the effort you are putting in this thread. Hopefully you will wake up some fellas. Holo is obviously one of the best coin in the top 100 and it went from 140cmc to 40 during the last 2 months while everything else is bleeding, and apparently, it is "dumping". What they are doing is truly disruptive to the current blockchain meta and there is no way that it won't reach 1b market cap. Anyone who has a decent understanding of what holo is doing will understand. Making almost every top 10 coins (eth, xlm, neo, etc.) useless. There won't be another opportunity like this one in a long time, you either get in or you don't.
Kevin Butler
haha domp eet
John Cooper
The retarded hype will make it pump
Im ~230k$CAD in holo all in
Jayden Brown
>Yuck! An obviously artificial shill campaign >Hmm, maybe there's something to this... [you are here] >Nope, I was right the first time.
Jose Reyes
the problem with holo is that it's not a cryptocurrency. The token was added on top as a cashgrab. Holofuel serves no purpose. There's also no protection agaisnt double spends or attacks. It's not a crypto, it's some old p2p protocol that they decided to do a cashgrab now because ICOs are popular.
Levi Morris
yea, it's a good project to hold long term, but since we are in crypto territory, it will be overly fucking pumped once the hype and fomo kicks in. meaning that it will probably be a good idea to sell at one point. The thing is that i'm leaving for 2 months in about 3 weeks, coming back on december 13. Hopefully I won't have missed the absolute highest of tops.
Ayden Nguyen
can you stop with this already. The holo team is working with binance so they can adapt the trading platform to holofuel.
Thomas King
>can you stop with this already. The holo team is working with binance so they can adapt the trading platform to holofuel. holofuel is useless, it was added on top recently as a cashgrab. holo is not a crypto, it's a scam.
From so many angles we can see why this will moon. I think its funny when people call scam when this is clearly the farthest thing from a scam if you just do the diligence to look into it.
Evan Cox
I've seen the feet and the "KYC" spam and it is all just noise. I'm not sure Holo can really usurp the top ten, but when comparing it to a project like Cardano, a $1B valuation seems obvious.
James Sanders
Dude you just keep copypasting fud. Look, if you really knew anything about holofuel and how it works, you would be able to articulate it with text, but obviously you can't. Holofuel is not useless, it does lose utility as it become more and more adopted but it holo would really need to become mainstream for that to happen and STILL, it would not be useless. Now please stop copypasting stupid fud because your dumbass knows more than a group a people who has been developping the project for over 10 years. You don't know anything and you should make this world a favor and kill your self. This is Jow Forums, copypasting reddit stuff doesnt work here
Chase Jackson
With the mutual credit model they employ, my understanding is that people will simply be paying for computing power on the network. Unless I am wrong, this is basically what GNT, ETH, and ARK hoped to achieve and more. People here seem to stumble over the mutual credit model and the concept, but it's so simple. I don't think is accurate because people simply wouldn't donate computing power for free. While people do BOINC and similar, that is really niche and has very little adoption. This is completely different from something like Tor which makes sense to volunteer for. I don't understand most of the "FUD" people post here... most of it just seems like insane word salad. Apparently it is easier to copy-paste some nonsense than to actually discuss the topic.
Wyatt Martinez
>it does lose utility as it become more and more adopted Gee, sounds great
Logan Nguyen
It doesn't lose its utility, the price fluctuates within a narrower band until it finally reaches its true price, which should be below the cost of running a distributed application across multiple AWS instances for example, owing to the fact that people will be hosting on "spare" hardware, gaming computers, things like that.
Landon Adams
>developping the project for over 10 years. yet they use an ERC20 and can't define clearly what the point of holofuel is other than "durrr muh web hosting" and can't explain how a double spent are prevented.
Holo is 10 years old, I'll give you that, but it's not a crypto. It's some random p2p protocol with a token slapped on it as a cashgrab.
Christian Murphy
This is exactly it.This isn't that groundbreaking of a financial model. The globally distributed computer and no need for PoS/PoW makes it groundbreaking.
Thomas Brown
thanks for the clarification you can change disc man, holofuel does hold value
Brandon Lewis
Also, one of the reasons the price dropped temporarily is because some traders attached to it then sold off. People will come back and partnerships are coming
John Sanders
Also, pro-tip for my fellow small fish: use the relative wall size on the BTC order books to determine trading direction. With a "normal" coin, there would be waves, big fluctuations obvious on a graph, like pic related. With Holo, what you see are these two walls changing sizes, fluctuating in exactly the same way, but it shows up almost a flat line on the chart because there's so much money concentrated around a giant chasm owing to the $ spread of a single sat. This is important and you must keep this in mind when trading this coin.
>you can change disc man, holofuel does hold value dude you have no argument, all you're saying is 'duurrrr change disc' without disproving any of my points, because you can't, because it's a scam.
Joseph Allen
>use the relative wall size on the BTC order books to determine trading direction There are currently 153 BTC behind 17 sats. Earlier, the trend was down and there were about 60 BTC at 17, and at one point it even breached 16 sats, which should show as a wick on the chart on almost any time frame.
The only FUD I need for this shitheap is that they don't respect Bitcoin, and they don't understand why it succeeded where every other "digital currency" failed. The rest of this stuff is just fun arguing. It's such an easy win every time, the project is swiss cheese.
>Also, one of the reasons the price dropped temporarily is because Mostly what anons are referring to is volatility on ETH/BTC. Example:
Gabriel Stewart
I love Bitcoin but I think Holo is completely different and valuable in its own right
Eli Wright
you haven't made any point and haven't shown any understanding of the tech with everything you said. Meanwhile there are posts in this thread that already disproved everything you said.you lose man just get over it. you lack understanding and you copypast fud from reddit
Camden Watson
You might love Bitcoin, but the devs clearly don't and they clearly don't respect what an achievement it was. Huge hubris and t b h ignorance.
Nathan Adams
Funny how not a single pajeet ITT is able to atrticulate what the raison d'etre of the shittoken is in 3 sentences or less
Utility coins are a meme unless they are called eth, however even eth would perform poorly even if it were actually used for things other than ponzi games and securities frauds
Landon Flores
I sold my holo stack at about 685gwei, I thought it was just a pnd? Is this actually a legit long term hold?
Christopher Rivera
>you haven't made any point and haven't shown any understanding of the tech with everything you said.
kek, you're a fucking brainlet. what consensus algo does it use? none. It's not a crypto. It's completely valueless. It can't "muh web hosting" because there's nothing to secure it.
Brandon Stewart
If that's true then I guess nobody's perfect. Vitalik is a freak with bizarre opinions as well but I still love Ethereum.
Joshua Gutierrez
No its terrible for long use, none of these new coins are ANY good, Bitcoin and Ethereum are the 2 most financed and researched coins in the market of crypto. If the world ever comes to using crypto to buy normie shit like mcdonalds or anything normie related, its gonna be with either Bitcoin or Ethereum, GARANTEED.
>your devs are incompetent >nobody's perfect Get your shit together user.
Grayson Moore
What are your favorite cryptos?
Ayden Kelly
Why, are you scrambling for an attack vector? Instead of wasting your energy why not just reflect on the "fud" you see in every thread, and realise that it is never properly addressed.
Gabriel Richardson
Why are you so hostile? Literally everything I say you just evade and try to pick a weak spot to attack. Why not just engage in civilized discourse instead of acting like a sperg? If you think it's a bad project and that nobody has addressed your concerns then fine, why are you still here? Ours impossible to talk to. Keep bumping the thread for all I care.
Brayden Lee
>Ours You are*
Andrew Diaz
show the "python script to parse transactions" in case you're not full of shit
Caleb Stewart
>Literally everything I say you just evade and try to pick a weak spot to attack kek, why are you avoiding the topic again brainlet? Have you even read the whitepaper? I have, no mention of how they plan on using this holofuel for web hosting and do it securely or how it would actually function technically. Do you know why? Because it's a scam.
Anthony White
>Why not just engage in civilized discourse instead of acting like a sperg? The point of this board is if you see a bunch of idiots shilling garbage you don't have to be nice if you don't want to. It's a stupid project and the devs are clowns. And don't worry, I'm not bumping the thread ;)
Jace Turner
not a single HOT holder has read the whitepaper obviously, i mean it's not bad to be abitious, but the chance that shit shit works is like 0.01%, yet all these moonboys talk like it's not just another erc-20 shitcoin with tons of promises and no sight of fulfilling them
Connor Thompson
It's so tiresome to argue with you people
Levi Butler
Yeah you are lol, newfag >sageru
Bentley Bell
We saw what happened with BOINC without it
Connor Brown
>It's so tiresome to argue with you people you're not arguing, you have no argument. All you're saying is "stop being mean guyyyyy".
You should work for holo, you'd fit right in with their onions boys SJWs
Luis Rogers
>Calling oldfags newfags >Buying the top of a biz pnd Never change
Joseph Wilson
>biz pnd >50 million in daily volume >person doesn't even understand bump mechanics of Jow Forums threads Not going to spoon feed you, but you are an idiot
Charles Lopez
What problems does Holo solve?
Eli Mitchell
>What problems does Holo solve? It solves the problem of some badly designed old vaporware not having any funding because it's shit.
Dylan Allen
the problem of not having enough overpriced erc-20 shitcoins in the crypto space
Adam Nguyen
>Not going to spoon feed you, but you are an idiot change your disc user, you just keep saying the same thing over and over.
Brody Sanchez
>I'll just copy paste something someone said to me Bump
Caleb Clark
I love much tech, I'm here for the tech, ima faggot homosexual who emotionally loves muh tech
Asher Watson
I'm here for the money and I'm excited for the tech, too. You sound like a literal teenager
James Garcia
are you the faggot that laughed at me for selling at 21 sats? you sound just like him. he also kept spamming in another holo thread, desperately trying to defend this shitcoin. remember these sell orders? still laughing?
They fucking explain how they prevent double spend attacks in the currency paper you fucking dumb pleb. Do some reading before you open your whore mouth again. Now go KYS, fucking dumb cunt.
Joshua Ortiz
Careful, they still start talking about Sybil attacks (without understanding them) and "credit checks"
Colton Reed
It has both traders who see it as the next TRX and whales who like the fundamentals alot are so are accumulating. That's a powerful combo
Samuel Clark
You are a fucking retard. Kill yourself.
Post where they don't have sybil protection and post where it requires credit checks. Last time you found something from 2016 that has already been removed.
Noah Ramirez
Lmao what
Josiah Williams
I love your passion user, but the poster you replied to is actually making fun of Holo non-believers. Think you missed the sarcasm.
If you only care about money, why do you think you're smarter than the guy who put 1375 genesis ETH into the Holo ICO and is still holding?
Angel Wilson
this thread is a shitshow
Isaac Hall
>It's a stupid project and the devs are clowns. now there's some serious analysis from an intelligent individual
Logan Mitchell
I honestly wonder if, during periods of relative calm, the accumulation meme is real and if people post FUD for that reason
Carter Russell
Bingo
Joshua Richardson
The dump yesterday revealed to the world the stuttering HOTheads that run this scam. Price has already tanked 15%. Once it breaks through the $0.001 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $0.00075 mark, unabated FEAR will ripe through all HOTheads. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing binance. The $0.0005 mark will be met, the largest panic in history will ensue. The final deluded holoports will begin to go offline, and wagecuckers with their gender studies salaries loaded up in HOT will be left with it stuck in their wallet, unable to move it to binance to salvage some self respect. The price WILL tank at this point to sub $0.00025, and most probably sub ICO levels. From that day forward the deluded HOTheaded wagecucking gender studies feminists who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Deluded HOTheads will hold bags FOREVER, with no job, no money, and no crypto. I warned you HOTheads . There’s still time to get out. Sell NOW. Don’t be deluded, don’t be an HOThead .
Jace Morales
autism
Isaiah Thomas
Exactly
Ayden Anderson
When I'm old and on my death bed I'm going to be reminiscing about the times we spent on this Uruguayan bait and tackle image board. All the FUD, LARPS, shitposting and Sergey memes.
I won't be thinking about Christmas as a young boy with my family, I won't be thinking about playing high school football and making out with the prom king after his date passed out, nor will I be thinking about my college days. I also won't be thinking about my backstabbing whore wife who cheated on me and got throat fucked by a dark black nigger
I'm only going to be thinking of all the internets fun that we had together
Christian Allen
Imagine being poor when being rich is as easy as buying shit coins
Anthony Lopez
That's fine but you cryptofucktards talk about the tech like you want to jerk off in the logos of said coins your invested in.
David Allen
...
Michael Hill
Imagine being poor when being rich is as easy as buying shit coins
>That's fine but you cryptofucktards talk about the tech like you want to jerk off in the logos of said coins your invested in. you aren't by any chance that guy who goes on and on about shiny rocks are you?
Carson Reyes
I spent several hours figuring out how Holo works. Its not as good as it seems.
>have to pass KYC + credit check for every coin on holochain. The whitepaper calls it the "membrane function." Holochain is ultimately based on trust, which means when you join a new subchain you have to have someone vouch for you. The only way to get money in holochain is through debt. Meaning you can spend money even if your balance is zero. You end up with negative balance and the other guy ends up with positive balance. If it was someone completely random with no KYC the debtor could just delete their account and make a new one over and over to get infinite money; a sybil attack. The membrane function prevents that from happening. You have to reveal who you are and prove you aren't a scammer. You have to prove that you are worthy of being issued credit. Its KYC or a credit check, however you want to call it. You cant just show up with your dick in your hand like bitcoin. Joining a coin on holochain requires social interaction. So you better practice your firm handshake and looking them in the eye.
>have to either maintain your own personal blockchain history, or trust that someone else is storing it for you. If either party loses the chain data you lose all your money. It doesn't have guaranteed permanence like bitcoin. If being a notary (a node that maintains records) ever becomes unprofitable they will dump your records and bail in a heartbeat.
>have to pay fees to notaries any time you do anything. Its ethereum all over again. This incentivizes the notary to maintain and preserve the Distributed Hash Table. The DHT is a database that prevents people from double spending.
Austin Jones
>HOT is not even required to use holochain; its bordering on useless even if holochain succeeds. HOT is used to buy time on Holohost, the native compute node to holochain. You can easily compute your own personal blockchain even from a small computer like a smartphone so the vast majority of users will not need HOT. HOT may have some uses for IOT devices and embedded microcontrollers; computers too small to act as their own compute node. You also have to install a client capable of interacting with holo, the equivalent of metamask basically. If someone doesnt install the browser extension they will need HOT to use holochain. Holochain itself may have some uses, especially stuff that isnt transactional like a decentralized website or something. That still doesnt mean you will make any money on HOT. You are basically getting excited over something that belongs on Jow Forums at this point. Like I2P or IPFS or TOR or torrenting or something.
Aaron Price
So you spent several hours figuring out o how holo works, and you come back to us to share what you e learnt, and all you do is copy and paste from an article
Blake Price
>have to pass KYC + credit check for every coin on holochain there it is
Asher Green
...
Leo Thompson
This is good work op. It's clear some big money is going to do something with holo. Maybe just a pump and dump but still its gonna launch holo past all the shitcoins.
HOT probably is the next TRON, and I mean that in every good and bad way. A complete vapor scam that'll still pump to high heaven because it's 'cheap', 'the next big thing' with a cool name, normie appeal and a shill army to pump it up.
I say this as someone who holds no HOT and never ever will. I'm legitimately not reverse shilling this coin to anyone, it's flaming garbage, I fucking hate it. I'm mostly in LINK and I kind of hope that HOT's inevitable hyperpump happens at the same time as LINK's singularity. LINK will still be/have been the better hold if so. if it happens any other time I'm going to feel like a retard who missed easy gains.
Shit, I'm doing a really fucking bad job fudding this token. It's boomer hype acid casualty vapor shit, infinite supply, team floats baseless partnership rumors, etc etc. It's fucking poison. And it's still going to andromeda because people are retards who are captivated by shiny shit like the GIF OP's image is from. Fuck normies.
My sides. In a year, when this has pumped and dumped like Tron, and you're still holding huge bags, are you going to remember seeing the flaws in this project posted over and over so many times that you started to sarcastically repeat them? How are you going to rationalise that?
Robert Reed
This stuff is just completely insane. >credit check I mean this is just autism, there is no other way to look at it. If this ever "pumps and dumps" like Tron, I will have made millions of dollars by then, so rationalization of fantastical nonsense posted on a Siberian underwater basket weaving forum will be the furthest thing from my mind.
Ryder Bailey
Yes. Credit check. It's in the fucking medium articles it's not some conspiracy theory.
