Can we have some serious discussion about Holochain, especially the token and Holo fuel? Keep the retardation about the current price swings etc. in any of the other threads available thanks sirs.
There's been lots of discussion about the viability of HOT as an investment. I've yet to read the relevant paper in full but from what I understand the price of Holo fuel should approach the cost of the computational power provided to you. Holo hosts set their prices and it being a free market competition should drive the price towards this. Anyone can participate in this openly. The price of HOT during ICO was based on it basically being 10 000 X more efficient than Ethereum, which they thought was a conservative estimate (see below). github.com/holochain/benchmarks
The HOT token is just an ordinary ERC20 token. Holo fuel however is mutual credit. This is probably an unfamiliar concept to many coiners.
bump. this please. i would like to know if i should go in on the dip.
Ian Martin
it can't run currencies and the devs themselves state this. I sold all mine at 3x and never looking back.
Andrew Foster
You can have mutual credit. But yes no ERC20s or something. Do explain how the fuel wouldn't have any value and buying HOT is ridiculous if you think so.
Kevin Ramirez
The currency is largely worthless, the tech however, is incredible. The ICO was a present for the volunteer devs and they really deserve it.
Andrew Williams
>The currency is largely worthless Why?
Ryder Russell
Believing this is the next TRX desu
Cooper Torres
fuck why won't my sell orders go through, if you're not dumping this shit right now you're stupid
Lucas Walker
this, sell so I can accumulate
Juan Gutierrez
accumulate on a dead coin? it got pumped by le Jow Forums army and now it's being dumped
Nathan Brooks
Buy NEXO.
Henry Williams
>got listed on CMC the day after it was released >100+ M market cap >amazing tech, has great possibility to become next greatest ERC20 token alongside EOS and TRX tell me how this is dead
Kayden Jones
just look at the chart, a bubble is bursting in real life
On an exchange that is offline? What the fuck is wrong with your brain
Jaxon Flores
What's the mcap?
Adrian Myers
the volume isn't particularly different
Ethan Reed
That's a very simplistic view of it though, and I already mentioned that in other wording. There's a lot to it, just reading through Brock's posts on Mattermost regarding some mechanics.
Camden Sanchez
Figured it out, $105m. Nevermind, staying in RLC lol
Justin Hughes
No it really is. Go use the exchange you fudding moron.
Saying anything based off of price or volume when the exchange is offline does not make any sense.
Camden Flores
How long have you been on this market? How have you not seen this happen to other early coins? It is just in its early frenzy stage
Joshua Lee
The currency is for fees, what do you mean?
Joshua Peterson
a clear bull flag appeared this morning
and then it goes sideways for a couple of years, also the price won't ever get THAT high due to supply
1 billion? yeah, maybe in 3 years or so
Zachary Taylor
not offline for me. Or is it for a lot of people and thats why theres no buy volume?
most dumbasses here just see the massive pump and (most likely) deserved correction, yet won't have a look at the potential and technicals of a coin
Posted earlier regarding the holoports, with which you'll be able to participate in the network, hosting dapps and earning holofuel in exchange (you can find more general basic info regarding this on igg DOT me/at/h-o-l-o/x/10417124 )
SO thanks for the links OP, will definitely have a look on them, wanted to get a better grasp on holofuel and you've just made my research job easier
Owen Torres
holo will hit the B cap, MARK MY words
Logan Martin
lol i meant a bear flag, but you know what i'm talking about just by a glance at the chart anyway
Ryan Moore
When's the bottom gonna be Jow Forums? Let's time this right ;)
Logan Perry
You are just speaking on pure speculation. Go ahead retard, sell the dip, you just can't blame someone else for your arrogance. Look, it just got pumped you fucking retard. It literally just 8xed in a second.
Landon Brooks
HOLO will be a fuel on the network and the devs have stated most exchanges can't support it (This is why they aren't going to push for listings). HOLO buys computing power. Problem here is you need a demand for it from developers on the network and Holochain is currently limited to chat and social media applications. On launch later this year, there will be little demand and a tonne of supply as the network is already incredibly efficient and the cost is tiny compared to Ethereum. The few devs will have computing power out the nose for very little upkeep.
Also, people who want to cash out using the "kitty" put aside by the HOLO team will realise just how little liquidity there is.
Angel Jenkins
Have you heard of skycoin?
Lincoln Hill
LOL WHO FAT FINGERED AND SOLD 600 HOT for 0.51 eth LOL life must suck
Christian Phillips
somebody traded 600 holo as a joke, wow, big deal
Jason Ortiz
And now the chart is permanently fucked uo
Nicholas Hernandez
lol I was also FUDding RaiBlocks when it hit $1
dumb pajeets fell for it
Jayden Phillips
yes, why?
Josiah Cruz
besides, this shilling reminds me of TRTL
Isaiah Howard
>This is why they aren't going to push for listings No it's because they can't currently pursue listings due to legal issues it could present.
>HOLO buys computing power. Problem here is you need a demand for it from developers on the network Demand from users, you mean.
>Holochain is currently limited to chat and social media applications. I really don't think that's true. You can do any p2p platforms, supply chain management, Crypto Kitties, etc.
>Also, people who want to cash out using the "kitty" put aside by the HOLO team will realise just how little liquidity there is. You can't cash out the Holo fuel sold in the ICO though, if we're talking about the same thing.
Mason Cruz
why dont you just not do that then. be honest instead its just as easy
EXCHANGE IS OFFLINE CANDLES ARE FAKE THAT HUGE CANDLE WAS .2 ETH
Jacob Barnes
>No it's because they can't currently pursue listings due to legal issues it could present. That may be one of the reasons but months back they stated listing would be difficult due to technological limitations. This is one of the reasons they will put aside some liquidity for limited swaps into other currencies, a plan from way before the ICO.
>Demand from users, you mean Application developers are the primary users of HOLO. People who give up their computing power will be rewarded by these devs. If we see other uses of HOLO such as a cryptokitties style game, that would be great, but that is not the primary function.
>I really don't think that's true. You can do any p2p platforms, supply chain management, Crypto Kitties, etc. It has already been comfirmed in the Telegram (before all the normies flooded it) that it won't be fully P2P for quite some time. The only P2P apps will be those that are far less data intensive, so no streaming and file-sharing services.
>You can't cash out the Holo fuel sold in the ICO though, if we're talking about the same thing. As HOLO will be difficult to list, the team will allow limited cashing out into the likes of ETH and BTC. This will be problematic if we see many speculators and not enough users of the fuel.
Caleb Davis
I made it for a second too. But then reality hit.
Daniel Stewart
there goes my hero
Jaxson Lopez
The exchange doesn't use the best available price? Wtf just happened?
Trying to avoid monetization is going to fuck them over
just say it CRYPTOCURRENCY
Cooper Rodriguez
>That may be one of the reasons but months back they stated listing would be difficult due to technological limitations. This is one of the reasons they will put aside some liquidity for limited swaps into other currencies, a plan from way before the ICO. You're right, getting any listings for the actual fuel will be difficult.
>People who give up their computing power will be rewarded by these devs. I mean, anyone who wants to engage in an exchange of fuel >< computational power. That won't necessarily be developers of applications. I don't think we're disagreeing here?
>The only P2P apps will be those that are far less data intensive, so no streaming and file-sharing services. Right, I don't think it excludes *that* many applications though.
>As HOLO will be difficult to list, the team will allow limited cashing out into the likes of ETH and BTC. Didn't know that.
>This will be problematic if we see many speculators and not enough users of the fuel. Could be. All this speculation should probably drive some more devs and users of it towards it too though.
I do share your concern about the speculation far exceeding the impending reality but I don't know if we're at that stage yet. I'll have to do some more digging around.
Guys Holo is a scam. It will be dumped like lamden. If you bought you are stupid. It won't be listed on the other exchages, team even said that. Idex only coin
Liam Campbell
I asked what this coin does in the telegram and got instantly banned. kek
Please post people working on crypto for 10 years for lamden. thanks
Jose Brooks
people buying..
Juan Barnes
Yes this is absolutely the same as a shitty run-of-the-mill incomplete smart contract platform being built by a handful of 20-something year old developers with 0 experience who graduated from art school or something.
Ethan Flores
Retards buying... Haha keep buying keep buying tommorow it will dip -50%
Jonathan Collins
Keep buying this scam but don't cry after it will be dumped
Brody Wilson
i was only explaining the graph he asked
Noah Mitchell
The FUD keeps getting more mad because they can't tell the difference between a real project or a fake one.
It's like when I was telling people on here to buy EOS at a dollar and they were screaming it was a scam.
How the fuck do you come to that conclusion. I really don't get it.
Leo Allen
They are both scams. The only major difference between them is that this coin won't be listed on binance or bitfinex. Devs said that. But if you are in for the technology. Enjoy your bags
Ayden Sanders
How can i sponsor holocaust?
Tyler Lopez
buying this coin
Hunter Harris
6000000 of them
David Gutierrez
this shit is getting so HOT that is getting red
Leo Cook
This is a great project, but I think it's one you buy because you love the tech, not because you expect Holo Fuel to ever really make any gains.
Luke Sanchez
WHY ITS FALLING REEEEEEE
Ryder Wright
Retrace, wtf do you expect.
Owen Smith
Holotoken ≠ holochain ?
Last time I saw holochain being shilled for I went and checked out idex metamask and wound up with coinbase for a wallet and looking to buy holotoken. Am I retarded?
Evan Fisher
Yes
Jacob Torres
Just sold my bags and broke even. Took like 15 tries.
Dylan Rivera
You will regret this
Jace Murphy
>This is a great project, but I think it's one you buy because you love the tech, not because you expect Holo Fuel to ever really make any gains. I feel like I have read this line an infinite amount times
Liam Clark
IDEX CAN'T SUPPORT THE DEMAND AND VOLUME OF HOT
Jonathan Stewart
Only had just under 400k. If they aren't planning to put it on another exchange then it won't go anywhere. Literally so much vol on idex that its fucking up the site. Still its just slowly bleeding. My friends you are seeing the pinnacle of this coins potential volume unless they move it somewhere else.
Ryder Sanders
I mean, they might very well do that if IDEX isn't cutting it.
Thomas Rivera
I bought at 156 gwei and caused this crash
Matthew Morgan
sell now please so price will go back up
Juan Sullivan
Lmao they might very well not considering the fact the devs literally said they don't plan to try.
Landon Wilson
You can’t read the white paper in full because they literally posted on unfinished latex draft on their website with huge red “TODO” sections and broken citations (which show up as [? ] with the latex default citation style). There literally is no full white paper for this shit, they just assume no one actually even scrolls through it.
Isaiah Brooks
g-guys, what went wrong?
Henry Parker
>bought at 90 gwei >sold at 90 gwei
well that was a rollercoaster. wish i was a good trader and actaully took profits
Camden Walker
TAKE YOUR PROFITS. TAKE YOUR PROFITS. TAKE YOUR GOD DAMNED PROFITS.
It's true.
Holo Fuel will be static value based on compute power. More Holo Fuel will be created when more compute power enters the network. There's no reason for it to increase in value other than early speculation.
Austin Perez
bought at 111, sold at 111 at least im not the only greedy and poor fag
Kevin Sullivan
and you just got scammed gZ. buy more shitcoins.this is going to 0 screen cap this. thank me later
Lincoln Lopez
Same with muh nebuluh ai token. Whitepaper is written in broken english despite having canadians on the team and they can't even compile latex citations properly.
Sebastian Butler
They never say that holofuel will increase they say that there will be dynamic currency.
They also never say holofuel is currency. This leads me to think that holofuel is a static currency
Camden Russell
SUPER HOT SUPER HOT SUPER HOT
Grayson Green
this whole thing seemed way too good to be true didn't it
was it really a scam the whole time?
Carter Brooks
Because he took fewer profits you were able to take more. This is all game theory; recommend the other players do what benefits you.
Ryder Johnson
it has to have been. i bet they were wash trading their own tokens
this isnt a natural retrace, this is serious investors in the inside manipulating
Jose Rodriguez
Yeah and then IDEX crashes at a conveniently timed moment so we're stuck with bags. Really bizarre stuff. Reeks of manipulation
Jace Edwards
It's not Blockchain, it's bittorrent with dapps. Apps are run locally. There is no need for this to have a coin.
Additionally, I read on their reddit that dapps require kyc registration.
