I don’t know if HiFi is planning on implementing some sort of “HiFiCoin” or if they plan on using existing cryptocoins but they have said they plan on making money by inflicting transaction fees. I am here to say you can try to but it won’t happen unless you provide a lot of service and the fee is very very low.
By a lot of service I mean exchanging various types of coins with each other, wallet services, cash-out/cash-in services (good luck with FINCIN and State by State licenses though), scripting support, etc etc.
I am just wondering how HiFi intends to make any money at all. From what I see all they have are hifi domain names. Literally everything else can be done by others and HiFi will be forced to compete with its own users (hijacked with obfuscated spaghetti code maybe?). This makes me worried about the stability of the company itself as it has acquired millions of dollars of capitol and will have to answer to these people. Usually having to answer to investors is one of the worst things that can happen to a project.
Of course I am not THAT worried about it, since everything is open source anyway and nothing is stopping anybody from picking up where HiFi left off.
I am just guessing here, but maybe HiFi intends to do business the Microsoft way and look for projects that are making money and buy them out. Second Life did it too. Or maybe HiFi is just a vehicle to gather code to sell to other projects like Sansar and whatever Microsoft, Facebook or Google is working on.