Exclusive interview: Matthew Schutte of Holochain

In the first part of our interview, Matthew Schutte told us about the basic ideas of Holochain and explained the data-centric approach of the blockchain with an analogy to temperature measurement. In the second part, he explains how Holochain’s actor-centric approach works and how it can help us with social networking.

If you compare the data-centered approach of the blockchain with temperature measurement, problems become apparent in your example. To what extent is the actor-centered approach better? An actor-centered approach is different. In our example we can say that every thermometer speaks – it makes demands. The thermometer in Nairobi says that the temperature is 25 degrees.

Two things can be deduced from this:

1) What if the thermometer is incorrectly calibrated? It might say that the temperature is 25 degrees if it is actually only 22 degrees.

2) Even if it is correctly calibrated, the thermometer is at a certain location. It is not everywhere. Even if the temperature in Nairobi is 25 degrees, is this the right method to determine the global temperature? Certainly not.

Actor-centered instead of data-centered Bitcoin evolution

This is where Bitcoin evolution applications come into play. They are able to take such factors into account. The origin of the information is implemented in the applications. By understanding what the thermometers „say“ and what they „claim“, you can begin to compare, contrast and average. This provides much more useful Bitcoin evolution information than simply agreeing on a certain number of degrees.

To make that clear again: I use this example only as an analogy. In the blockchain world, the information drawn from the „lottery“ is not the temperature. Rather, it is the entry of the information into new blocks or into the blockchain. This lottery ultimately decides which of the thousands of elite miners is allowed to contribute new information.

In an actor-centered model, by not only paying attention to what is said, but also how it is said, this will work better. Finally, by combining different perspectives, we also improve the quality of the information. […] Instead of choosing a single perspective, many perspectives should be combined for a more comprehensive picture. […] Another big advantage over blockchains is the ability of users to track these perspectives and, if necessary, choose one.

Holochain solutions against social media giants

In the application examples you list social media, identity and money – do you think it is possible to enforce independent approaches to social media and identity? Facebook, Instagram and Co. are very powerful players.

We don’t believe that Facebook will dominate the Internet for the rest of history. We believe that new and other applications will prove useful and will shake the power positions of today’s social media giants. That doesn’t mean there will be „one“ big application that will replace them. It will be death by installments.

So we are not focused on bringing down the old systems. We want to produce newer, more dynamic ones. As Buckminster Fuller said:

„You never create change by fighting against what already exists. To make a difference, you build new models that make the old superfluous.

The interview was conducted by Phillip Horch.

Balance Sheet, Future & ICO
So far the project has started quite well. At six hackathons last year, the community worked on a peer-to-peer version of Twitter, among other things. A Wikipedia alternative based on the government by the community and a crypto accounting system have also emerged. Next year, a peer-to-peer-based power grid is to follow. More is still to come.

On 9 January next year an ICO for the first application for the Holochain will start. This is to be called Holo and form a network, with which participants can make computing power available over a web page. This will then serve to help other users interact with the Holochain. Those who provide their services are paid for it.

Until now, the project has been financed with an Indiegogo crowdfunding campaign to guarantee stable hardware for Holo. 500 Holoports were sold, which will be the basis for the launch in spring 2018. More information about the ICO can be found here and here.

Altcoin Tier 2 Price Analysis KW 38 – The End for NXT?

This week, NXT fell below USD 20,000 market capital, while Ripple rose massively with a large investment from several banks.

Winner of the week: Ripple

Ripple (XRP) has risen 12.6% primarily thanks to a massive investment, the currency that performed best this week. The Monero price (XMR) rose by 7.5%, making it the second best currency of the week. The NXT fell 22.6%, below a market capital of 20,000 dollars.

While the EMA200 proved to be a strong support for Monero, so the price has risen again, this week’s big topic is Ripple: A massive pump on 15.9., which could be motivated by a big investment, has shot up the price strongly. As seen below, this is also the problem in the end: Since this massive pump Ripple has fallen again. NXT, on the other hand, has simply fallen the week and has currently fallen into the Tier 3 regime (below 20,000 dollars).

I would have considered DGD and WAVES, but unfortunately none of the Exchanges is represented on TradingView, so I can’t make a meaningful analysis. But in the end both currencies should be mentioned as new emerging currencies – DigixDao has just gone off in the week!

NXT has actually only fallen this week. He didn’t orientate himself on EMA 100 or 200, but dropped much steeper. Today the price has risen abruptly – so at least some people are convinced that the downtrend will come to an end today: The EMA100 is being tested. Ultimately, this is a continuation of a development that started last night: The minimum of the NXT price was at 0.00002413 BTC, since then the price has risen slightly.

The MACD (second panel from above) behaves accordingly

The MACD line (blue) is above the signal (orange) and is currently trying to break through zero – this would speak not only for a short-term but also for a medium-term rise. However, it will first have to be seen how strong the EMA100 is as a resistance.

Thanks to the pump, the RSI is currently very bullish at 67, of course. Whether this bullish trend holds will show up.

The Accumulation/Distribution-Chart (last panel) is since de, 16 September on the rise. In the end it was already a harbinger that the downtrend should come to an end sometime – so you can understand the people who pumped Nxt.

Well – on the one hand the downtrend has been broken, the EMA100 is being tested and the indicators speak a timid bullish language. One should observe the behavior on the EMA100, should it break through this would speak for a rebound.

Ok, you can see that the share price as a whole made a huge leap on September 15th – as stressed above this may be due to the announcement of a large investment in Ripple. Even if Ripple is the winner, you can see that Ripple has fallen since then.

I think, to analyse the price more closely, we should look at the development since September 18th:

You can see that the price between EMA100 and EMA200 is trapped. It sometimes breaks out at short notice – especially on September 19th – but overall it remains in the range between the two moving averages. In this respect, we are dealing with a kind of triangle pattern: EMA100 and EMA200 are approaching each other, but remain resistance or support of the price.

Since today the course tries to climb over the EMA100 and has tried twice to break through this resistance. Should it manage this, a further rise in the price is to be expected.

The MACD (second panel from above) has been rising since September 18th. This is also positive in another respect, as the MACD line (blue) rose above zero today and also pulled the signal (orange) above zero – bullish signs overall.

This picture is confirmed by the RSI (third panel from above): Like the MACD, the RSI has risen since September 18th and is currently at 53 – and thus slightly bullish.

Finally, the Accumulation/Distribution-Chart (last panel) was on a plateau until September 19th, but fell strongly on the same day. Since then, however, the Accumulation/Distribution Chart has been slightly on the rise again, confirming the impressions that the indicators have gained.