/biz/ - Business & Finance

WARNING: HOT is a scam.
It's just an ERC-20 Token and when they launch main net the Holochain tokens will be turned into Holofuel but none of the value will carry over.

The tokens you're buying right now are essentially worthless because their destination is to be turned into a payment method for their cloud hosting which as the team stated, will have a direct correlation with how much the ecosystem is worth, i.e. how much demand there is for Holofuel, which will be next to nothing assuming it plays out like every other dApp in existence with less than ~500 daily users.
Why would the team even allow the ERC-20 token to be traded if the value is to be derived from the worth of its ecosystem in the end? Money. Just like every other ERC-20 scam. Also, the name is HOT. They couldnt name it HLC for Holochain?

It's just an ERC-20 Token and when they launch main net the Holochain tokens will be turned into Holofuel but none of the value will carry over.

The tokens you're buying right now are essentially worthless because their destination is to be turned into a payment method for their cloud hosting which as the team stated, will have a direct correlation with how much the ecosystem is worth, i.e. how much demand there is for Holofuel, which will be next to nothing assuming it plays out like every other dApp in existence with less than ~500 daily users.
Why would the team even allow the ERC-20 token to be traded if the value is to be derived from the worth of its ecosystem in the end? Money. Just like every other ERC-20 scam. Also, the name is HOT. They couldnt name it HLC for Holochain?

How Holochain Works

https://medium.com/holochain/beyond-blockchain-simple-scalable-cryptocurrencies-1eb7aebac6ae

What does this mean?

Holochain depends on trust. When you want to join a particular chain on holo you have to go through KYC 10+ times to be allowed into the cool kids club of whatever chain you are trying to join.

You also have to pay fees to the local notary for the privilege of moving your money around, just like miners on bitcoin.

On top of this you have to maintain your own blockchain record or you are completely fucked. So that means no paper wallets because that thing would be getting updated all the time every time you do a transaction. Hardware wallets won't work either because sooner or later your personal chain would be too large to fit on the ledger nano's tiny memory. And if your ledger nano ever got wiped you would be fucked because there goes your personal chain, without which you cannot prove your honorable intentions. You cant start over either because then the local notary would fuck you for the dropped chain head.

To sweeten the deal you must be online to receive payments. It requires countersigning to be applied to both users' chains, which means you have to be logged in.

On top of this HOT is not required to use holochain. Its only used if you want to link to someone else's node and let them do the computation for you. Considering you can perform the same computation on even simple computers such as a smartphone most people would not want to use HOT.

People arent going to want to go through KYC all the time just to use services. The entire point of blockchain was that you dont have to trust anyone. People want simple fast transactions. They dont want to have to get so-and-so to vouch for them so they can buy xanax off the darkweb.

Please read the article and actually try to understand what you are investing in. If you actually thought about it you would see that this is not a good project.

>>11023144
Did somebody say holochain? Bad news, I'm afraid, turns out HOT is a SCAM.

It's just an ERC-20 Token and when they launch main net the Holochain tokens will be turned into Holofuel but none of the value will carry over.

The tokens you're buying right now are essentially worthless because their destination is to be turned into a payment method for their cloud hosting which as the team stated, will have a direct correlation with how much the ecosystem is worth, i.e. how much demand there is for Holofuel, which will be next to nothing assuming it plays out like every other dApp in existence with less than ~500 daily users.
Why would the team even allow the ERC-20 token to be traded if the value is to be derived from the worth of its ecosystem in the end? Money. Just like every other ERC-20 scam. Also, the name is HOT. They couldnt name it HLC for Holochain?

It's just an ERC-20 Token and when they launch main net the Holochain tokens will be turned into Holofuel but none of the value will carry over.


The tokens you're buying right now are essentially worthless because their destination is to be turned into a payment method for their cloud hosting which as the team stated, will have a direct correlation with how much the ecosystem is worth, i.e. how much demand there is for Holofuel, which will be next to nothing assuming it plays out like every other dApp in existence with less than ~500 daily users.
Why would the team even allow the ERC-20 token to be traded if the value is to be derived from the worth of its ecosystem in the end? Money. Just like every other ERC-20 scam. Also, the name is HOT. They couldnt name it HLC for Holochain?