/biz/ - Business & Finance

>>2111603
Because unlike all the shitcoins which are obvious pyramid schemes this one actually has some value behind it. And is genuinely interesting for the tech alone.

If I were to sum it up with a few words, I'd say that it is a decentralised competitor to amazon AWS, and particularly in super tiny services.

Golem is pretty much the perfect example of the potential. And it is particularly relevant when it comes to the Internet of Things meme.

Imagine for example that your bullshit IoT door needs for some reason to access a customer database in order to open. In today's world this may be done by querying a specific database. If the server that database is down, then trolololo it doesn't let you in.

Instead in our glorious tomorrow all that could be written make use of dem blockchains and dat "fog computing" (upcoming term!) yadda yadda. Technically this has more to do with the concept of a blockchain rather than Eth, but Eth is the one that has specifically gonne balls deep in supporting this sort of functionalities, under a strong, relatively centralised figure/leadership, (Vitalik) whilst bitcoin argues about big government vs liberty or whatever.

Eth Moon when?