No doubt some out there are thinking that if #Holochain is free & open source & is used for #IOT how will that affect the price of #HoloFuel in a positive way?
The answer is "Network effect"
Network effect happens when a product or service gains value as more people use it.
Even if they are not directly paying for it. The name becomes synonymous with particular technology.
I think when it comes to #IOT that industry will know the word #Holochain, & when it comes to Peer-to-Peer apps that advertise this fact, it will have the same network affect.
The same can probably be said for Holo hosting in the #CloudComputing industry.
That's the irony of #Holochain, at the moment it lacks world wide exposure but in reality it can & will work with so many different industries & social groups probably hundreds if not thousands of
My personal opinion on the price of $Hot #Holochain.
What I think will happen in stages & how that will affect price.
Not financial advice.
I think that there is currently an awakening within the crypto space about #Holochain & that may seem like an obvious observation but
when I say that, judging by the tweets I see there many that still don't fully appreciate its scope.
The reason I say that is because so many talk about it as a coin/token in the traditional sense, & along with that comes the questions about "partnerships".
To me the word
partnership in cryptocurrency is just a sales tool that benefits both mentioned parties by feeding their investors with new hope, new news, new....something!
But still I am yet to see a #Blockchain partnership that actually lead to any external revenue which isn't surprising
Anyone out there who doesn't "get" #Holochain, what it is, what it will do, who will use it etc.
Firstly Holofuel supply is dynamic, it expands & contracts.
There isn't one big Holochain its a purpose built architecture for building distributed applications.
Applications built on #Holochain can collectively do things nothing else can;
1. Be hosted peer to peer, no data centers 2. Able to fully function without Internet access (Mesh-Networking) 3. Ensures all users own their data & can remove it & deny access to any app they choose
4. Scaling is unlimited with torrent like membrane 5. DNA contains high level of security through DHT functions, peer validation, gossip & cryptographic signatures. 6. Ability to have 100% peer to peer hosted application accessed via regular web browsers; this is a world first!
Some of you may have heard about the the recent exploit of #SignalApp that has been exposed involving the FBI and an Israel firm.
Their ability to crack the code on the device appears to have likely been caused because the key that supposed to keep the bit.ly/3dkeJDb
messages encrypted "at rest" is itself using an unencrypted key.
When a live secure messenger is built on #Holochain its already will enable the Devs to add encryption at rest for both keys & messages.
This means a secure peer-to-peer end-to-end bit.ly/3u5gw58
encryption messaging application built on #Holochain will have a higher level of security than any available messenger on the market today.
The keys used to encrypt the messages will be encrypted with a password as well which will give the user a choice of how high their