Oddbean

Yesterday at a party somebody tried to explain to me why Holo Coin is better than #Bitcoin. When I told him that network security requires PoW he told me I clearly didn't read enough about the subject. I had to admit I didn't read anything about Holo Coin. 💩

You clearly know nothing! 😉 Did he feel a sense of false superiorty (spelling!) when you had to admit his shitcoin and their 'brownpaper' are handed out as toilet paper to all sane denizens on Earth? 😆

It's useless to fight which is better because each have it's purpose. Holo coin is indeed just an erc-20 shit token built into existence to fund further development and research of holochain. What Arthur Brock and Eric Harris Brown are building is surely hard to grasp and is highly philosophical at least for me. https://metacurrency.org is the project that started the whole holochain thing way before the Bitcoin birth. You don't need to read the whole thesis what they want to solve but could only read a few words. That might not be to hard if you like to thinker about other possibilities. If you font care just pass and no need to bash. https://medium.com/h-o-l-o/heres-holochain-in-100-200-and-500-words-509818aa3c88 Again just to clarify, holochain is not Blockchain and doesn't need tokens/coins to be trusteess system as far as I understand it. Its a framework on which other systems can be build on top of including DEX like this one... https://youtu.be/akgCql3jSS0?si=lR5ZF3sLwpj6YG2s I highly believe in Bitcoin and I am also a high believer that inovation doesn't need to stop on the Bitcoin ecosystem. nostr:nevent1qqs0mq8rfz3qvrkhpna9q86r987e0yl97y06yk5y8dqwjhl4syrvgwqpz9mhxue69uhkummnw3ezuamfdejj7q3qt2wy3j850q34zy6amzw9mzfsl66eedcx2tlaxlv3v7leytedzp5sxpqqqqqqzzu2hk4

I'm going to read some about it. I want to understand it. I'll make an exception, if it has functionality focused on something other than tokenization it may have elements of merit. If it doesn't, I'll be able to explain why it belongs in the ~20k shit pile.

I believe they were busy rebuilding the project from the ground up and transited to Rust I look at the project here and there few times a year just to see how's it going and Inoticed as well that lately they've done quite a few hackathons.

I'm Mary the ED of Holochain and we don't have a native token on Holochain. Holo (which is a separate entity from Holochain) is a distributed hosting company and Holo token is our ERC-20 token that is a placeholder for the network microcurrency called HoloFuel. We don't spend much time trying to compare HoloFuel to BTC as we are not attempting to be a 'store of value' per se. HoloFuel is a mutual credit currency that is purpose-fit for backing the asset of Hosting power and capacity on a network and its primary utility is for app mangers to pay hosts for app hosting services on the network. HoloFuel is a currency app built on Holochain which is a peer-to-peer data integrity framework. We don't ever refer to anything as Holo coin so if that is the starting point of a conversation it's probably not all accurate. The part that was accurate is that we are not PoW or PoS and there are other ways to ensure network security when the design is to match a different purpose. Feel free to find me in other spaces. I chanced upon this chat because a friend attending the conference in Japan. If you are there I hope you have a great time!

Thank you for reaching out and thank you for clarifying. Why would Holo use an erc-20 token and not bitcoin, or bitcoin on lightning, or a chaumian solution like Fedimint of cashu? Is backing an asset by hosting power and capacity not a form of PoW?