/biz/ - Business & Finance

>>9355761
everyone's too busy accumulating, every dip below 205 is immediately bought up again, pretty much guaranteed to pump within the next month

We all move on already

Yes. Everyone moved on to Colx. The reddit shilling starts soon and new exchanges

>>9355761
Government controlled knockoff of Skycoin.

>>9357370

>>9358180
>Fag gets triggered at revolutionary tech

>>9358180
when you think you're a genius but actually get almost everything wrong

>>9358215
What did he get wrong, after a lot of biz shilling i decided to look into this project and it doest solve anything. This is not even a blockchain and it offers 0 value in real world use...please tell me why and how is this "technology" any good

>>9358277
skycoin has the worst memes

>>9358291
yikes

>>9358291
yikes
i dunno what your "look into this project" was but you did something wrong there. i'm a 130 iQ tech fag and after reading the whitepaper&greenpaper while watching 2 hour long dev interviews i started shaking and sweating because i finally discovered ethereum at 5$ and EOS at 0.5$. at that time HOT was at 80 gwei and the rise to 200 was only exceptional. we still got a long way to go, accumulation phase right now

>>9358426
what the fuck you're me but with 2 more iq, REEEEEEEEEEE

>>9356681
>being this delusional

>>9358474
look at the chart, it's exactly as i described
every dip below 205 is bought

>>9358291
Honestly, at this point we can't do much more for you guys, even the CEO of hashgraph has said that he's heard of them and was going to look more closely into it.

This might have started as a 4chan shill coin, and thank god it did otherwise most of us wouldn't have heard of it, but this is truly something you don't want to miss out on. The simple fact that it's a new protocol in cryptospace, and that it's backed by actual code and very in depth research and whitepapers should be all you need to invest in. And if you actually start reading the papers, you'll be shaking just like >>9359426 because you've realised you're finally going to make it

>>9358405
>>9358436
we'll both make it fren

>>9358291

Not to be a dick but you seem very young/immature from this post. It's clear that you didn't look into HOT and are just reacting emotionally to Synth being insulted. You shouldn't be letting your emotions decide your investments. (Also not saying you've made any bad investments)

>>9358591
>>9358505
>>9358426
Well id be very glad if you could explain to me what is the point of this token? How can it offer computational power at better price than companies and why does it need holofuel to work.

>>9358591
honestly id love you to prove me wrong and tell me how is this project gonna be used in real life and why
this is a good project, but this will not generate any profits to vast majority of people that will sell their computational power for holofuel, if anything they will end up in deficit. Also there is no reason for holofuel to exist, this chain(not a blockchain) works just as well without holofuel, if not better
please prove me wrong so i can buy this coin and get rich

>>9358989
The token that's being traded right now, HOT, is a placeholder ERC20 token (just like EOS if you need a comparison) that will be exchangeable for Holofuel at a 1:1 rate when Holochain launched in 3-6 months (you can check the roadmap on their website).
Holofuel will be the currency of the Holo ecosystem, basically if you want to host anything, whether it's a dApp or just plain data, you need to purchase hosting power with Holofuel (from agents hosting nodes, which can be me, you, anyone that runs the software on his computer, you can also purchase a Holoport which is basically a plug and play mini computer that will act as a node, but it's not needed unlike in other similar projects like SKY, as long as you have a computer with internet connection, you can run a node).
The value proposition of Holofuel is that it will be extremely efficient to host data/apps on Holochain (they're using a new protocol, DHT, or Decentralised Hash Tables, as a comparison IOTA uses DAG, and hashgraph will use ABFT). Their benchmarks have shown extremely promising results, meaning that anyone needed hosting power/a platform to host their application will get better bang for their buck on Holo. From here on out, it's pretty obvious what should happen price-wise, the more interested developers/companies/people needing hosting power and a platform to run their application, the more demand there will be for Holofuel. If you consider their early benchmarks as valuable intel, you can derive a price estimate that's around 100x to 1000x higher than it is now. It obviously doesn't mean that the price will soar to 1$ in a month, but it means that as Holo gains traction and becomes a known alternative to other hosting services and blockchain platforms, the price should increase dramatically.

One common misconception about Holofuel is that it won't be able to be listed on exchanges. This is false, Holofuel will be tradable on any exchange running a Holo node.

>>9359364
what im asking is why holofuel exsists, why cant they use USD instead of holofuel...whats the purpose of holofuel, which benifit does it bring over using USD
also when it comes to price/computational power, what makes you think that random PCs connected to each other are gonna outperform servers created by companies to sell computational power

>>9359461
Because Holofuel is how the agents hosting nodes are paid, what you're asking is like asking "why aren't BTC transaction fees paid in USD to miners". The whole ecosystem revolves around Holofuel, you pay Holofuel to host apps and data, and you get Holofuel to host this same apps and data. Just like you need BTC to do BTC transactions, and you get BTC for confirming the transactions as a miner.

And the protocol they've developed for Holochain is what grants it its high efficiency, a number of hosting platforms using blockchain have arisen in cryptospace, and some of them are more efficient than classic server farms hosting data. There are also a number of advantages associated with using Holochain specifically over other blockchain projects, mainly the fact that there is no middle man owning the information you host on Holo, you own your own data, which is extremely relevant right now with all the cambridge analytica / facebook controversies. You can find all of these info in the greenpaper and I've missed a lot of points probably.

But really, if you're interested, read the greenpaper at least, and if you're still interested, read the currency paper.

>>9359568
Oh look another project that DOES NOT need an economy. Go join the other 500 shitcoins like shipchain.

There is literally no point for a coin. Rubbish

>>9358180
unironically this. Between the massive shilling and the nebulous method of stopping abuse on the network, it looks way overhype and destined to plummet. Could be good but it's overvalued at the present time.

>>9359568
i mean btc couldnt work without btc, holochain could work just as well if not better if it used USD and currency
where is the proof holochain outperforms servers, did they do any test? or is it all just in theory
i get the owning your own data point, but honestly unless holo can prove to be more price efficient than regular methods i dont see this project going anywhere

>>9359728
and owning your own data could literally be implemented into any project and it would be extremely easy

>>9359728
I've explained to you why Holofuel is needed, it acts as a fuel for the network (like Ether is in Ethereum), as a store and exchange of value (transactions will have extremely low fees since the network is very efficient), it is backed by a real world asset which is computing power, and allows you to purchase/sell hosting power on Holochain. It's one of the most useful utility tokens out there and I still haven't read anything that explains why it's not.

Here are the benchmarks = https://github.com/holochain/benchmarks

There will be much more in the future, this is just indicative for now.

>>9358180

B O O M E R
O
O
M
E
R

Trash

>>9359752
Then why haven't other projects done it? Building a truly distributed hosting network/internet is extremely hard (they've been at it for around 10 years) and to my knowledge only Holo is doing this using DHT and offering such performance.

I'm sorry but you're not bringing too much to the table, you're just stating opinions without backing them up with facts, if you want to talk again after you've studied Holo and overall Blockchain technology, i'd love to talk some more

>>9359781
i know what it does, what i dont know is which benefits does it offer over using USD or some other currency
looks like they just thought of adding the coin in the last stage of the project just to run an ICO

>>9359810
because there is no market for it, do you think people would use facebook if you couldnt log in from literally any PC/smartphone anywhere in the world and have access to all your information? that wouldnt be possible if all your data was stored in your PC at home

>>9359861
also you would need to be online to receive a (coin) transaction

>>9359831
Holofuel was actually one of the first things that was theorized when they started working on it years ago, the founders are currency experts.

It's definitely not a token that's been added just to run an ICO, it's pretty much at the center of the whole ecosystem, honestly try reading the currency whitepaper, Holo is both a new way to look at blockchain and decentralisation, as well as cryptocurrencies.

>>9359902
and that coin wouldn't even cover the cost of electricity price for running your pc 24/7

>>9359910
but holo is neither blockchain nor truly decentralised and holo is not a cryptocurrency. still waiting to tell me 1 benefit of using holofuel instead of usd on the platform

>>9355761
I make a couple threads each day.

I love this coin. I have just been endlessly accumulating.

>>9359861
>>9359902

Guys this is going to be my last answer because these are very basic questions that do not concern holochain but rather blockchain in general, so this isn't the best place to get answers, try reading about blockchain and then study Holochain, and then invest if you decide to.

You wouldn't be able to log in from any PC and have access anyone's information, the data is encrypted and is used through either an application, or just stored and then used when the person needing to host the data needs to use it.

And just like in blockchain transaction, you don't need to be online to receive the transaction, as long as the transaction is registered in the ledger, the transaction is complete, the receiver doesn't need to be online at all.

>>9359968
Based anon, but you won't be able to save them all no matter how hard you try. Rest easy fren, moon soon.

>>9359861
They are going to have phone nodes
>>9359831
Why the fuck are you in crypto if you love USD? These are new economy people (Look into The Metacurrency Project)
>>9359902
You have no understanding about how broadcasting a transaction works on a blockchain or a network like this. Your computer doesn't need to be on brainlet, an account can be credited without it being on. Sending a transaction would require that wether you are a node or wallet. Full fucking retard holy shit.
>>9359941
You keep saying it isn't decentralized but it's more decentralized then a blockchain because you don't have latency issues or 51% attacks. I believe a hApp can even pick how many redundant versions are active at any given time so it's as decentralized as the creator wants which is freedom.

Basically I am just arguing with people that have not spent any time looking into it and it is fucking exhausting. I did all of this with EOS for hours and hours and it's a fucking waste of time. Stay poor and stupid faggots. This is my last 10x before retirement.

>>9359968
no idea what youre talking about, but you are not explaining anything
holochain is not a blockchain, there is no data validated by other nodes
the coin is completely pointless and could be easily be replaced by USD or any other type of currency
they compared their app computation speed to ethereum, which is absolutely moronic beyond belief since on ethereum it is all recorded on blockchain on every single node, while on holochain its enough to be validated on 1 PC and nodes do not interact at all

>>9360195
They do interact though, have you fucking looked at the website at all?

Holy fucking shit

>>9360195
>based anon writes 3-5 incredibly detailed posts answering every question you have

>no idea what youre talking about, but you are not explaining anything
>no idea what youre talking about
>but you are not explaining

the absolute
fucking
STATE
of business and finance

>>9361818
Question 1: Why cant $ or another currency replace holofuel?
His answer: because you dont pay btc fees in usd.
How i see it:Holochain is not a cryptocurrency, not imbedded into their protocol and holo team will be acting as central bank. It can be easily replaced by any currency.
Question 2: How can it outperform servers dedicated for selling computational power?
Answer: Gives me link which compares etherum speed to theoretical holo speed.
Are you kidding me? My phone can process faster than ethereum network.

Holo is a scam

>>9362226
Then we should go ahead and invest in your phone, the new fucking protocol? You sound like a fucking idiot.

>>9362295
Do you have any idea why you should not compare performance speed of a single pc to a massive blockchain network? Absolute brainlet

>>9362226
holofuel is the first network token made. it probably won't be the only one, but it's the first and fits the model perfectly. you can't pay in usd for the services because usd payments are currently not integrated into the network. in the future there will probably be some holo based thing like req.

data centers are really expensive to maintain and upgrade, norman's computer gets upgraded every black friday sale. it'll take a while, but with adoption the prices can get very competitive as the project scales.

>>9359752
>>9359902
>>9359941
>>9360195
reading these comments makes me feel so fucking comfy lmfao

>>9359948
>I make a couple threads each day
t. Prandeep

Get a fucking hobby

>>9362364
Read the text in pic, especially last paragraph...holo team will be the central bank. Why not allow fiat or cryptocurrency and directly credit hosts for their work.
Also, i honestly doubt regular PCs can compete with servers created for cheapest price/computational power ratio. Maybe im wrong with this one, but i doubt it.

Ambrosus is better. Buy it now.

>>9362608
the way i see it holo fuel will be to the holo network what bitcoin is for blockchain. its the first token made on the tech, not the best but the first. there will be other alternatives down the line but fuel is the first and unfortunately you'll have to play by their rules if you want in.

itll start with regular pc's but within a year people will be building their own little farms running holo nodes. same way that btc evolved.

>>9359663
>Could be good but it's overvalued at the present time.
Babies first alt.

>>9359728
holofuel is a distributed mutual credit accounting system, whereas USD is a monstered fueled by usury. that's another reason why they would never use USD. read more into the metacurrency project to understand why. also this, if you can stomach it, might give some understanding: https://www.youtube.com/watch?v=EEZkQv25uEs

>>9362608
So they are actually solving the problem of "crypto not being backed by anything?"

>>9359831
sure the ERC-20 token itself has no other purpose other than to raise money and to feed a speculative feeding frenzy - ponzi scheme like any other coin. they have been explicit that the token has no inherent value, but that they expect holo fuel's buying power (e.g., price) to increase substantially compared to the price they sold it at. and as i said before, holo fuel is different from a token or a coin, it's mutual credit, which is part of how the system will reduce volatility, through breathing credit limits dictated by past proven hosting capacity - the supply can increase and decrease in response to demand in this kind of system. that's why they can't use USD or any other coin or token that already exists. also they need to do many many microtransactions very efficiently, and they can only do that on Holochain because it's scalable

>>9358310
Don't be mean anon. They are doing their best.

>>9359861
i'm pretty sure your data isn't stored in your PC. you have access to it from anywhere with your private key. that's what it means that you own and control your data.

>>9359925
hosts set their own prices. if it doesn't cover their costs, then the market could adjust to account for that.

>>9359728
It could never be cheaper because they are going to charge 1%

>>9360195
data is validated on the DHT by checking that transaction or data follows the rules encoded in the genesis hash. if you change the genesis hash, you fork yourself into an isolated holochain and you can't even interact with anyone.

>>9363144
the official statement is "less than 1%"

>>9363207
Well they should be giving an exact price

>>9363453
are you gonna wait for that before you jump on this rocket?

>>9363468
What would you say is a good real world use case for this project?

>>9363468
I bought 98k hot at 215 vits. But I'm not going all in or anything.

>>9355761
Congratulations on being the one left holding the bags lol

>>9363513
I went all in. I'm not missing the next Etherium/antshares. Time to make it, friends.

>>9363495
1. https://www.junto.love/
2. https://www.reddit.com/r/holochain/comments/8hqfbw/does_anyone_want_to_build_these_apps_with_me/
3. https://medium.com/the-advancedness-project/trading-quantum-resources-on-holochain-ce59ffc3450
4. "personal a.i." makes way way way more sense on an agent-centric architecture than data centric blockchain. can't find the reference where i heard about it
5. Hi Dev team, thanks so much for getting back to me on such short notice. I had an entire paragraph typed out with all the questions that I wanted to ask but accidentally deleted it lol. We are a small 6 person team that consists of front end developers and data scientists from Nasdaq. We are trying create a tokenized community blog. Our objective is to created a ICO on top of Holochain and distribute the proceeds to parties that are involved in contributing to the ecosystem, which includes but not limited to application developers, front-end developers, blockchain developers, content contributors, marketers, influencers and most importantly users. Much like Steem, but with a Distributed Autonomous Ecosystem. We don't have any developers on our team aside from a few blockchain developers and we were planning on developing on a blockchain infrastructure but after seeing Holochain we think this would be a better approach. Can this type of architecture be built on top of Holochain?
6. "hey everybody, Im glad to join this interesting project. Matthew brought me here. I was sold immediately. I run imusify.com with quite a nice team which will join here too soon and we are now looking to develop our first app using Holochain. If anyone is ambitious and wants to help us change the music industry please dont hesitate to reach out. Look forward to connecting! https://www.youtube.com/watch?v=SuiZP9i3GWg " (was originally supposed to launch on NEO)

should i go on?

>>9363495
there's also this guy who looks like he's trying to build a kind of distributed UBI or p2p credit system that's based on trust networks: https://steemit.com/res-currency/@johan-nygren/person-to-person-swarm-redistribution-fluid-like-properties

i don't really understand it, but it's interesting too.

>>9363495
You've got some good answers, more theoretically though :
The typical niche that Holo is addressing is paying for an expenditure in a social network for a sharing economy that is hosted on a fully encrypted, distributed, smart contract enabled platform that is hosted by people who don't waste energy and earn for supporting the network.

You can insert any number of variables from the following list for the number of niches that could potentially be hosted on Holo :

What kind of projects is Holochain good for?

Sharing collaborative data without centralized control. Imagine a completely decentralized Wikipedia, DNS without root servers, or the ability to have fast reliable queries on a fully distributed PKI, etc.

Social Networks, Social Media & VRM:You want to run a social network without a company like Facebook in the middle. You want to share, post, publish, or tweet to shared space, while automatically keeping a copy of these things on your own device.

Supply Chains & Open Value Networks:You want to have information that crosses the boundaries of companies, organizations, countries, which is collaboratively shared and managed, but not under the central control of any one of those organizations.

Cooperatives and New Commons:You want to create something which is truly held collectively and not by any particular individual. This is especially good for digital assets.

P2P Platforms:Peer-to-Peer applications where every person has similar capabilities, access, responsibilities, and value is produced collectively.

Collective Intelligence:Governance, decision-making frameworks, feedback systems, ratings, currencies, annotations, or work flow systems.

Collaborative Applications:Chats, Discussion Boards, Scheduling Apps, Wikis, Documentation, etc.

Reputational or Mutual Credit Cryptocurrencies:Currencies where issuance can be accounted for by actions of peers (like ratings), or through double-entry accounting are well-suited for holochains.

>>9359781
Do you reckon we'd be able to mine crypto with holo fuel?

If you're honestly not going to use a Holoport or Holo at all and you're only holding it to get gains, sell your shit now. The point of Holo isn't to make a buck, but to create a better financial ecosystem using dapps and computing hosts to power the dapps with holofuel. It's centralized as fuck because it's there system. Holo Reserve = Federal Reserve.

This could very well be the layer all governments build on. It's the perfect system for them to invade. I'd be weary about it. I sold my 200k HOT last week. No regrets.

>>9361818
School holidays

>>9363886
interesting take on governments invading, but i don't think so. holochain is an infrastructure for p2p coordination, so if apps take off, it will reduce the need for governments and other centralized powers.

the centralization of holo is another good point. keep in mind though that anyone can become a reserve if they want to. just have to have hosting resources to back it up. and all hosts can be like small "reserves" because they can go into negative with credit limits that match their proven hosting capacity.

>>9363886
Based on the testnet benchmarks they sold the tokens several orders of magnitude cheaper than the underlying asset...

>>9363886

The truth is Holochain is way too smart for 99% of us on here to understand. They are doing something different and people hate on something when they don't understand it.

>>9364640
> synth calls it a ponzi