Comment by toast0

I've used utility functions in Erlang where I make changes, then compile and load all modified modules...

It's absolutely hot loading, there's persistent state, any fully qualified function calls run in the newest module. The gen_server pattern always calls into your behavior module with fully qualified calls, so those are pretty easy to get into new code at a reasonable time. If you write your own service loop, it's pretty common to call ?MODULE:loop() to enable hotloading there too.

There's footguns; hotloading is a way to make rapid changes to your system, but sometimes rapid changes isn't what's needed and sometimes the rapid change you make is to go from a partially broken system to a fully broken system. But, there's a virtuous circle when you can make production changes quickly, because you can make a small change and observe and make many follow ups in a single day. With push processes that take a long time, you end up encouraged to make a bigger change one time, otherwise you spend all day waiting for traffic to move between old and new versions, or waiting for instances to deploy, etc.