Thread by @Hessu357

#Holochain #Holo #Holofamily #Holoverse #Holomonday #Holoduck #Web3 #Dweb

This thread is about Holochain apps and community. With blockchain we are used to that people want to make money with speculating token prices and owners of the projects want to make themselves rich.

2. With Holochain apps and Mutual Credit currencies it's different. MC currencies are price stable without big pumps and dumps so big speculating with price is pretty much out of the picture. MC has actual use in the happs they are connected to and they are asset backed.

3. Many happs won't even have MC and are free to use. Rest are community driven so MC is designed to give to the community, not extract profit for own gains. One example is holofuel transaction fee is <1% that is used for development of Holochain and Holo, 99% income is for hosts

4. This kind of pattern will be seen with other Holochain projects also, community will get the biggest benefit and any fees that are taken will be mostly for running the happs and development not for owners personal gains. This is a big change compared to any old system.

5. New way of thinking like this may be difficult to understand at first as our current systems are optimized for extracting maximum profit for personal gains. Later on this thinking that community will be getting the biggest share of income will change how people see happs.

6. Pattern for healthy economies is flow of currency and giving back to the community, not extracting from it. People have been doing the unhealthy extracting for thousands of years and where has it taken us? It has created failing systems one after another and once again now.

7. This is part of the change Holochain and happs will create, alternative for extractive economy. So it's not only identity, data, communication, power that are returned to people, it's also right for a fair income without third parties. Change is coming, we need to embrace it.