HoloChain ICO address was: 0xa28fc2102da86e424b37ad86c7bc7855fc441239This ETH genesis wallet put in 1,374 ETH staggered over 9 hours into Holo ICO (possibly to avoid public detection) https://ift.tt/2KlDv4R The only other contribution to an ICO from that address was to Polkadot & Tezos ICOAnother ETH genesis wallet put 200 ETH in https://ift.tt/2Foxktl ETH total x $682 per ETH = $1,073,468 USD investment into HoloChain. Why would these Ethereum developers/founders/advisors invest so much in a competing product? Do you think it's a hedge bet or to control supply? This sorta reminds me of when Microsoft at it's top invested a massive amount of $$ in their competitor -- Apple (when they were months away from bankruptcy and Apple stock was super cheap).From what I understand:~ Holo believe they have found a way to run decentralized apps with virtually no transaction limits/bottlenecks. So confident in this, they have scheduled their roadmap to include a testnet to have 100mill tps/per hour (about 27.77k tps/sec) by Q3/Q4, 2018!!~ Dev code started in 2016 but project was developed even before Bitcoin was invented~ Team believe they found a solution that is up to 1,000,000 more efficient than Ethereum~ Team believe they can scale and handle Facebook/Twitter traffic volume if there are enough nodes to support it~ Holo Team & Mozilla Foundation (Firefox browser) have been having secret meetings for months @ Mozilla HQ in San Francisco. They don't post it anywhere on their website but a Google search for: mozilla holochain reveals this. The latest Firefox browser has been installed on 170+ million desktops. Holo says their P2P solution allows anyone to host their own website and run Dapps by just having HoloFuel tokens. In short, they are planning to tackle Amazon AWS, and other cloud providers but in a totally decentralized way. They expect to be magnitudes cheaper than all "centralized" solutions currently on the market. I have a feeling the team at Mozilla see something in the Holo code and are working on something together. More Silicon Valley companies will jump on board if Mozilla follow through. It could become a new standard, like the way HTTP started the Web revolution.~ They have been selling node boxes in a crowdsale which so far has resulted in over 1,388 sales. This means when main net launches, over 1,388 nodes will be running HoloChain with 30,000+ expected by Q4.~ They have a massive supply which they say is required because in the future, people don't want to pay 0.00032 HOLO tokens, but would prefer something nicer, e.g. 2.52 HOLO fuels, thus the huge supply. They are planning for the day when HOLO is widely adopted.~ Github activity is very activeA lot of people are comparing Holochain to Dfinity or Hashgraph, however Dfinity is raising for a market cap of $2billion and all indications so far seem to indicate they will be oversubscribed. Meanwhile, Holochain's mcap is just $27million!!!I know a lot of people are interested in Dfinity right now, they have huge backing from major VCs, however big backing doesn't always lead to a runaway success. Take for instance, Ethereum was founded by Vitalik when he was just a 21 year old kid with no prestigious VC backers.FYI, full disclosure: I have bags in this, however I am really happy but also curious to know why a genesis wallet invested a massive amount of ETH, late in Holochain ICO stage. Supply Control, hedge bet? Your thoughts?
Submitted April 28, 2018 at 07:12PM
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