Installing Fedora: does it matter what I make the hostname?

Question

I'm in the process of setting up a Fedora machine just for use on my in-house lan (not exposed to the internet.)

This seems like a slightly stupid question, but I can't seem to find a definitive answer anywhere: does it matter what I make the hostname?

The default is "localhost.localdomain" - should I leave that, change it to something meaningful, or just set it to something like "fedoramachine" or "bilbo"?

Answer 1

It helps to set some name.
But, from a networking standpoint, the name does not matter.
Some other notes that might be useful.