I told you boys to buy HOT. We're back at 19/20 sats. Luckily you still have time before the next leg up

I told you boys to buy HOT. We're back at 19/20 sats. Luckily you still have time before the next leg up.

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Dude I think this place is just infested with zoomie linkers. They are stinking this whole place up with their lack of knowledge and cultist love for a memecoin.

Honest, hard working projects like Holo keep pumping but don't get 1/10th the love here. Kinda makes you think.

no shit. Everybody on biz knows this is the most guaranteed moon there is.

.20 eoy

please god my boy pucci is ready

What if I'm 50/50 Link & Holo though?

Then you're just a lemming but maybe there is still hope for your future since you got some Holo.

That means you are in the first quartile.

HOLO is an ERC20 and the holochain protocol has no need for a token. It works just as well without one, HOLO is a cash grab.

>HOLO is an ERC20 and the holochain protocol has no need for a token. It works just as well without one, HOLO is a cash grab.

That's like saying that websites just became possible to make/host for the first time with a new free architecture/protocol/language/ect, and here comes GoDaddy offering hosting space and assistance with the creation of web pages.

Does this make GoDaddy a "cash grab", or a perfectly viable service in conjunction with it's target customers needs?

No. It means Holo will be the first major organization that will help bring people into the world of hApps and help facilitate hosting of the websites that will connect to these hApps.

Thanks for trying but you can't fud this project that easy son.

Godaddy is a service for the uneducated and computer illiterate. They gouge customers. But still these services are entirely different, a holochain token is not a buisness, its not stock, it serves no purpose other than to enrich its creators considering any cryptocurrency or none at all can be used in conjunction with holochain dapps. It is not essential to the protocol what so ever.

Palpable delusion

>the holochain protocol has no need for a token. It works just as well without one, HOLO is a cash grab
Why would anyone host on Holo without the token? That's like saying people would use Ethereum without ether. Why?

You do not need holo to host on the protocol at all. If you are running a dapp and want to collect money for your service any cryptocurrency can be used. HOLO serves no niche purpose, therefore is a a bad investment.

The pumpkins evaporating. If this goes into dumping over the weekend reload your bag.

>and want to collect money for your service any cryptocurrency can be used
how? they're not natively supported by the platform
holofuel is automatically distributed according to the mutual credit design, how can you do this with e.g. bitcoin on a holochain
makes no sense fren

You don’t seem to get it, the holochain protocol has no native currency and does not need one. The dapps are on private chains and can use any rules/cryptocurrencies they decide to. The only future intended use for holofuel is to pay a central holochain server to pay for hosting on the server if you do not wish to do so yourself and I imagine they will accept payment in most cryptocurrencies. Even if you disregard the ERC20 token status, HOT is a very poor investment. The technology is very cool and has promise but that does not mean this coin will have any value because it is just inherently unnecessary. Its simple game theory.

>The only future intended use for holofuel is to pay a central holochain server to pay for hosting on the server
>central holochain server

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A central party to host your content on the holochain platform, I mispoke. Refute the points instead of resorting to overused Jow Forums ad-hominem meme

holofuel is paid to hosts which make up the network, not a central party

Yes, If we were to speak incentives and game theory a host will accept any form of payment to host on the holochain network. The protocol does not ensure this coin has neccesity or value, try to refute the other points I have made aswell and lets have an actual discussion.

>central party

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>a host will accept any form of payment to host on the holochain network
jfc we're going in circles
the holofuel mutual credit currency is used for this purpose
>hurrdurr you can use any currency you want
yeah and people could run a functional holochain on a volunteer basis too, that's completely missing the point

You are the retard for not understanding what this means. Actually contribute to the discussion instead of posting memes. A data host can host for multiple people making them ‘a central party’

>a single miner can mine a block making them a central party!
look! look! words have no meaning! we're all going crazy! yay!

>jfc we're going in circles
>the holofuel mutual credit currency is used for this purpose
My point is IT DOES NOT HAVE TO BE and that logically a host will accept many cryptocurrencies so he attracts the most business.

>game theory

just curious where did you study economics?

the exact same thing can be said about the Ethereum network and the native token, but a large magnitude of projects have launched their fund raising efforts on that platform accepting ETH

go neck yourself

how will they get currency into the system? you're delusional
holofuel may as well be a protocol-level currency, you use the term 'game theory' and then fail to realize this

that's not entirely true as even using your own ERC20 token requires ETH for transfer functions, even if that's relatively little ETH. ETH is overvalued for this reason which is a point in your favor however.

That comparision makes no sense and you know it, it would be more akin to a mining pool which is considered a centralized mining party. Perhaps you are not thinking about this deeply enough as an investor, you should open up your viewpoint more. I would like you to tell me how HOT token will create value.

you retard learn how distributed hash tables work and how distributed computing works vs amazon web services

honestly man go kill yourself seriously.

>I would like you to tell me how HOT token will create value.
hosts on the holo network are paid in holofuel, a mutual credit currency, for their processing power dedicated to hApps
what is so hard to understand about this?
>b-but they could accept BTC or do it for free
yeah with volunteers, custom code, etc.
it's like you're ignoring what i'm saying or willfully missing the point

nigger

By using wallet addresses and payment channels? The holochain protocol has no native currency, there is no currency to get in the “system.” Explain to me how you think the HOT token has a theoretical advantage and will create value

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How is holofuel issued?

You keep parroting the same point, this is why we are going in circles. The protocol has no native currency holofuel is not encoded into the platform, the use they are attempting to give to it is the same use that any cryptocurrency can have on the network. It has no competitive advantage it only has the brand name. What is so hard to understand about this?

>The protocol has no native currency holofuel is not encoded into the platform
It's used natively by holo which runs on the platform, holy shit dude. Yes you can run something not on holo but that's akin to saying that you can fork Ethereum and run your dapp there... good luck

It was issued in an ERC20 ICO and will be exchangeable 1:1 for holofuel once the platform launches, adding even more risk in the investment.

sounds like your way confused on the subject and need to read the green paper

No, how is holofuel issued on the holo platform?

But it is NOT like ethereum. Holodapps are all om their own private chains.

Explain to me what you think I am not understanding, I am more than willing to accept if I am. I am here to have a productive debate.

they're on their own holochains, that doesn't mean you can't take advantage of holofuel, moreover holofuel is used by the holo program which runs on the network, it's outlined well in

not up to it but if you go to the main holo telegram the admins are very good about answering questions

>But it is NOT like ethereum. Holodapps are all om their own private chains.
>Explain to me what you think I am not understanding, I am more than willing to accept if I am. I am here to have a productive debate.
Bro just just the fuck up. You're a salty hater that thinks he's smarter than everyone because you can't possibly understand why Holo fuel might have value on Holochain. Stop being stubborn , we get it. You don't think Holo is a good investment. These gainz say otherwise.

>These gainz
tfw

stfu retards no one buys shitcoins for their tech. I see holo is going to 10x or more next alt season i buy. It is not that hard. Every single coin is a shitcoin and yes even your favorite coin XRP

>I am here to have a productive debate.
You can't debate shit that hasn't even happened yet. You need facts to debate and there aren't any yet. You're just giving us your opinion, which means jack shit. In terms of an investment, up until now it's been a worthwhile 'investment' for a lot of people here. Stay poor no coiner.

Of course you could accept Holofuel. I want to clearly restate my stance again to avoid any confusion. Since there is no consenus mechanism and all dapps are on private chains and can accept multiple cryptocurrencies and it is likely they would to appeal to as many customers as possible, what makes HOT token a good investment? I beleive the technology has a ton of promise, I just cannot see why the token would be a wise investment due to the factors listed above. Not to mention the ERC20 conversion risk.

What are you even saying? Yes you can debate things that have not happened or that you don’t have full knowledge of. Thats astonishing that you think otherwise. There are facts about holochain I am stating that concern me from an investment perspective. I’m not a ‘salty hater’ i’m trying to get smarter together and listen to opposing viewpoints. You need to shut the fuck up and get over yourself.

Much of this disagreement seems to be confusion relating to the structure of the platform. I'd like to establish a few things
- holofuel isn't required at the protocol level, this is true on a technical level
- holofuel is used as the first mutual credit currency issued by and used for the first hApp running on the holochain protocol, known as holo
- this will serve as the defacto currency for hApps for this reason, even though it isn't required on the protocol level
- for purposes of taking payment but NOT holo fuel, developers would need to find a way to integrate outside payment methods to their hApp, which would essentially necessitate centralization in my view

from a fog computing / distributed hash table standpoint, Holo has a lot of value, and thus holofuel has a lot of value. That's where the value comes from. What value does IOTA have? Hashgraph? I don't understand why you seem to think that because people could leverage the holochain protocol for free with volunteers (or another payment method) that somehow this invalidates the basically "official" holo hApp and its value

Holo is issued to exchanges who operate "reserve accounts" These exchanges show receipts of sales of Holofuel to Holofuel org and use those to justify receiving newly printed Holofuel. They claim to be able to reduce supply by this same mechanism, but the only way to incentivize reducing supply is to make exhanges into massive whales, basically giving them total control over holofuel prices. All in all it looks like a pretty juicy deal for exchanges and for Holochain org. Unclear whether regular Holo early adopters stand to gain or lose from this. Later adopters will get absolutely ass raped.

>Later adopters will get absolutely ass raped
why?

I’m not at all saying because people can use other payment methods it invalidates holofuel as a payment method. I am sure holofuel will be used alongside other cryptocurrencies. They claim it will serve as the defacto currency on the platform but if it is not the native currency and not neccesary for consensus rules I don’t see how that would probabilisticly be the case. And i think this is where we diverge. But I appreciate you sharing your viewpoint. As far as Iota goes what goves Miota their value is that it is the native currency of the chain.

If someone makes a Twitter hApp and that necessarily requires holofuel, isn't that enough?

Yes, but my contention with that is most happ developers will accept multiple cryptocurrencies because that makes the most sense in regards to personal economic incentive

Because this system is designed to impose all of its hidden costs onto its userbase.

Think about it. Why is it even possible to have exchange-operated holofuel printing and supply regulation authorities? There is no global consensus algorithm. Global consensus algos are expensive to develop and are a target of criticism when things go wrong. Holochain org has "innovated" by stripping it out completely and calling it "agent-centric" Each individual holochain must come up with their own mechanism for enforcing consensus. Most methods of enforcing consensus are done by levying incentives and punishments from a central authority. Holochain does nothing to change this age-old paradigm.

OK GUYS LETS GET SOMETHING STRAIGHT HERE...

We are discussing the token used for 'Hosting'. In the case of hosting a website which is an on-ramp to a hApp, Holo will be that back-end service and they will make 1% of the hosting fees. 99% of the hosting fees go back to the people using HoloPorts to host for the Holo Network.

People seem to think Holo will be a currency used to buy things, and MAYBE some day it might be. But for starting out, it will simply be to pay people to host the hApps and hold the data. Its not hard to understand.

w h o g i v e s a f c k w a t a c o i n d o e s

it is going to pump to top 20 anyway

o my god. ada is so innovative, dash is so innovative, tron is so innovative, neo is so innovative, ethereum classic is so innovative, nem is so innovative, tezos is so innovative, vechain is so innovative, dogecoin is so innovative, omisego is so innovative. you get the point

>exchange-operated holofuel printing
source?

I’m talking about hosting, buying, selling, anything. If the cryptocurrency is not part of the consensus algorithm or the native currency of the chain it is open to competition from other cryptocurrencies on the platform and people hosting are economically incentivized to accept all cryptos. This is what is concerning about HOT token as an investment, disregarding ERC20 conversion risk, and HOT distribution economics.

What stops LTC from overtaking BTC in price?

Institutional investors give a fuck. Anybody with a brain that has regard for their money gives a fuck. You may be able to throw money at anything crypto right now and make money, but I can promise you this willl not always be the case and if you haven’t done your homework and mitigated risk you are going to get fucked hard.

...

this doesn't suggest that it's exchange-mediated
you're implying that they just print a fuckton of holofuel and rely on exchanges to keep a reserve of it, Fed-style

Bitcoin has the hyperdominant network effect. Nothing can compete with bitcoins network currently, especially not HOT which is why I beleive HOT will not capture much value

Institutional investors buy bitcoin and ether only because they know they are the only coins with a chance of surviving. I know that too but i aint a fcking retard passing a guaranteed gainer to increase my bitcon/ether stack. Every coin you hold besides ether and bitcoin is a shitcoin. Make yourself believe that.

>Bitcoin has the hyperdominant network effect
muh game theory, though
keeping consistent with your previous view, bitcoin should be replaced by LTC because it is simply superior
no, there's a reason Bitcoin is worth more
similarly, there's a reason holofuel will have value
holofuel is the bitcoin of the holochain protocol

>relying on a plan involving a long term hold
>Fuck shit like "how it works"

This isn't a wise decision. I've been swing trading this, but this is the last time. The pump is dumping again, and will continue to do so over the weekend. I plan to refill my bags and stick them in a wallet. This will moon hard AF, BUT know wtf is going on, it'll help you make a decision on whether or not to sell before or after the holofuel swap.

Click on the link and continue reading it

can you cite the part that implies that the technical creation and destruction of holofuel works that way? because that's simply wrong

>exchange-mediated

keep swinging it. You might win here and there but guaranteed it will pump higher out of nowhere and you end up fomoing at a retarded price

Institutional investors for the most part only buy bitcoin because it has the hyperdominant network effect and strongest fundamentals. Your guaranteed gainers aren’t so guaranteed friend and while I agree with you it is not a bad idea to try and increase your bitcoin stack, you need to be careful and manage risk. I would estimate 98% of cryptocurrencies today are total garbage but there are more projects aside from bitcoin and ethereum that look promising and are attracting instituitonal/VC interest

there's so much wrong with just that one post, is it your post?
i want a source not just a Jow Forums post

sorry but every project is a shitcoin and is a way for the VCs to get your precious ether and bitcoin.
Either play the game and try steal other peoples coins with them or do nothing

Keeping an eye on it. Most cryptos go down over the weekend.

Are you confused on how game theory works? Game theory would state that bitcoin should have the most value because it has the largest network effect, metcafe’s law.

>technical creation and destruction of holofuel.
The way the "reserve account" is stated to work is that the exchange operating it will make a request for holo extended on credit, ostensibly to the Holochain org. Holo has stated that there is an algorithm that ultimately regulates the creation and destruction of Holofuel, but since there is no global consensus algorithm, such a system is impossible to decentralize. Therefore it doesn't matter if it's an algorithm or some guy in his bedroom surrounded by hookers and big ol piles of cocaine, l. Ron Hubbard style.

and why can't holofuel have the largest network effect on the platform? you keep using the fact that you can host your own holochain with volunteers or alternative currencies as some kind of justification for holofuel being worthless but it's the same logic here
>well you can do it for free
>well you can accept bitcoin
ok, but holofuel will be the predominant currency on Holo which is basically 99% of what the platform is going to be utilized for, especially in the short term, so who cares?

>additional feature
>GAME THEORY DICTATES THAT HOLOFUEL IS WORTHLESS DURR DURR... PROTOCOL LEVEL...

>exchange operating it will make a request for holo extended on credit
exactly, jesus christ dude
like literally any agent in the ecosystem

Ether is too young and troubled to be considered “precious” I would agree with you though that bitcoin is precious and you should protect your bitcoins. I am not a bitcoin maximalist though and do believe that there is space in the world for bitcoin and other cryptocurrency platforms. Vast majority are junk, there will be some gems that emerge though.

and to be clear, I'm not confused, I'm just pointing out why that's not an argument
this is like when people spam "dunning kruger" and pretend it's an argument

>So much wrong with that post
Look it up. maybe you will find info about "reserve accounts" on reddit. How about you state precisely what is wrong with the post so we can discuss it intelligently?

you got it right here

>he hasn't seen religion called ethereum

a consensus algo is needed to secure info on the network, literally just the correct and longest chain in the case of btc, it's not needed to determine how much holofuel is owed to each host...

Because HOT has to compete with Bitcoin, other platforms are insulated from this by having native currencies. It could be that HOT captures the majority of usage on the Holo network, i’m just saying as an investor I don’t think the risk/reward ratio is favorable. I know you are trying to mock me by saying DURR DURR but it only makes you look like a fool. We were having a respectful conversation I don’t know why you sunk to this

>literally any agent in the ecosystem
Any agent that can retain lawyers and comply with regulatory demands. very high barrier to entry.
>literally the very next post on that thread.