used for hosting payments. But HOT is ERC20 based. So slow and high paying. The ERC network does not seem very suitable for micropayments. Have you taken any precautions against this?
Indeed using wormhole to deploy on base and or solana seems important now
Hey @LordAragorn0 This is indeed something the team is aware off. We shared that HOT will be accepted for hosting services, this does not mean we will have to limit to HOT only if the demand/need for other ways of payment is there.
Whats the main reason that HOT will be used as hosting payments? Wasn’t that the role of HF?
Hey @ElminFerati Great question. Have you caught up with the recent blog and Holo delivery Brief that was shared? Blog: https://press.holo.host/243118-shifting-gears-to-delivery-volla-phone-apps-powered-by-holochain Holo Delivery Brief: https://www.youtube.com/watch?v=5sKZO4L1_vY
Yes I have read this. Does this mean that holo hosting and fuel will come in two separate moments, right? Potentially long time apart?
Is it possible to get information about other payment methods? Or is there any idea in the team to build a bridge over a cheap network like Arb?
Can you note this as a question for AMA, launch or deliver brief or whatever the appropriate name is? Because I had the impression HOT will take place of Fuel for the time being and become asset backed, while like you mentioned other methods of payment would devalue this proposition. That‘s quite a large difference in setup.
That is correct Elmin. A HoloFuel focused livestream is scheduled to happen later this month.
Details are still being sorted out so there is not much for me to share.
Well then, let me ask this. When you say other payment methods, are you talking about another currency other than HOT?
Hey Franz, I will note this down thank you for asking. Regarding the payments, what's known is that HOT will be accepted, any other details are still being sorted out.
Based on the last statements I remember (correct me if wrong) HOT for now replaces Fuel for paying hosts. Nowhere was mentioned (like you implied above) that other channels will be added for payments. Basically if its say credircard - buy HOT - pay host it‘s totally different to creditcard - pay host
For now I want us to stay focused on having HOT being accepted as payment for services. No guarantees of other ways, but the option is there. if that clarifies?
Now I could well imagine that if payment could be made in another way, it would be used to purchase HOT on the exchanges by the holoteam. Which then flows back into the reserve.
So why use HOT if ppl basically could just use fiat (if demanded)
Why use bitcoin instead of fiat? That’s a complicated question with lots of arguments supporting different world views. HOT was sold as prepayment for hosting services. So the first logical answer is, give people what they paid for. Setting up payment systems for national currencies could also be included. And every new currency involves developer time, no matter how simple it may seem to us on the outside.
Customers will need to buy HOT with fiat, so indirectly, fiat is used
First time I believe Holo admin talk commercial… kudos.. I believe money should be made at right age so u can have pleasure of that money… otherwise I had seen many people become billionaires by holding into investments… but they don’t have years left life to enjoy….😉
Sorry, but what does this have to do with the various reasonings here?
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