Jesus fuck what a piece of shit board. I thought we were in this together, I guess it's a pajeet shilling shit show in here now.
Anyways, if you don't know about holo yet, (where the fuck have you been?) I will help you out. >holo is not a blockchain It's holochain, it's goal is to decentralize the web. It doesn't run global consensus because it's 2 slow and inneficient(2 many bottlenecks and wasted energy) for something like internet where you have to account for an incredible amount of transaction. What's important to understand here is that if a project gives you a promise of a decentralized internet and it's blockchain based, you are getting chinked and should sell you coin asap because there is nothing better than holo in the space for this niche. >so whats the tokenomics? HOT is a erc-20 placeholder for holofuel. Basically, holofuel will run on holochain and it works this way. You create a dapp, you want it runned on holo so it becomes accessible to all, you pay holofuel for it to be hosted, hosts and providers agree on a price for the computational work(which is traded as holofuel). Works by mutual credit, meaning 1 holofuel for you means -1 holofuel for someone else. there will be reserves and exchanges for holofuel aswell(they work with binance for 1). In short, as the network grow, more demand for hosting(holofuel), but more competition between providers for the pricing of holofuel, meaning an increasing amount of hosting power for 1 holofuel, increasing holofuel price, until it reaches a relatively stable point. (could be a 1$). Also, holofuel supply is dynamic because of the infinite nature of holo scalability. >thats very complicated stuff yes, holo are trying to create true economics, it works in similar way to the dollar, but decentralized and ruled by lines of codes. Developers can chose their own way to monetize their dapps.
In what world does increased competition drive prices up?
James Green
The idea is that with increased competition you get more hosting per holofuel, thus giving each holofuel unit more intrinsic value. Will that work in practice? I have no fucking idea
Jordan Young
How is this not fiat with extra steps? Why am I spending USD to get these clumsy tokens that are only accounted for by a central authority?
Daniel Cruz
>giving each holofuel unit more intrinsic value LOOOOOOOOOOOOOOOOOOOOOOOL HOLOCHAIN IS LITERAL PIPEDREAM TRASH
Landon Peterson
fucking tether pce of shit flooding the board bump for vision
Holochain/Holo is going to explode at some point. The idea is genius. It's like Airbnb for hosting. Instead of having to build massive data centers, the hosting network will be decentralized and powered by holoports which allow the people to earn money, instead of giant corporations.
Not to mention Holochain is literally a way better version of Blockchain that will cater to any Development needs, it won't force any one global concensus mechanism, which allows a developer to build an app in any way they choose in a decentralized and secure way.
This market has never had a product with the potential of this before. While Etheri was grande and opened the eyese to many, it's flaws are clear and it's extremely limited at scale. Holochain will be a bigger explosion in terms of price, Development of apps, and overall impact on our world then anything we have seen before in this space other then maybe Bitcoin.
If you haven't looked into the project, then you need to do so now.
