/biz/ - Business & Finance

How many times do I have to tell you faggots that this pump was nothing special. You have been here like 3 times before, act like it. Holo is a fascinating piece of tech, but there are some concerns. If there wasnt any chance this could go to zero it would already be a top 5 coin. The main problems I have with it are.
1) Holofuel. Their tokenomics(fuelenomics?) seem to be decent, but if you read/watch their holo economics presentation there is something very disturbing in there. It is not explicitly stated, but it seems possible that there will be a period of time where Holofuel will not be able to be exchanged for fiat. It seems their plan is to release HOT, set up a swap for Holofuel when the network is live, delete the token entirely, set up reserve accounts(only the devs get to sell holofuel at first) and THEN get Holofuel onto some exchanges/open up reserve account ownership to the public. I am not sure how long this period of time will be, and it makes sense on some level for the health of the network, but its fucking terrifying. This also ties in with...
2) One of the core beliefs of the team is that this system should help end or at least stifle income inequality. They are very much opposed to the “rich get richer” systems they see in place. This is bad news if you are an investor looking to make bank.
3) Security. They talk about “immune response” which is a neat name for their malware detection/prevention, but it also implies that the system has a possibility of being exploited. This is where it loses out to blockchain. Blockchain networks dont need an immune response because they are not exploitable by design. You cannot print Bitcoins, its impossible, so there is no need to detect or quarantine people who try.

Ultimately I think Holochain has a chance at being something amazing. Its just too early for me right now, and I know its not going to jump to $1 overnight because adoption is going to take a LONG time. AWS may have a real competitor.