/biz/ - Business & Finance

>>20568903
Now why is iExec the Bitcoin of cloud computing? I'll try to simplify but it may lack full logic.
iExec is basically the Bitcoin of cloud computing because nothing like it has ever existed before. It is the epitome of "blockchain technology" and will change the world more than Bitcoin did over a longer period of time. Just like how Bitcoin was the first crypto, iExec is the first of it's kind and the best.
The CEO, Gilles Fedak, has been toiling away on this idea since 2001. Even before Bitcoin was an idea.
The supplies are both interestingly similar. The only main difference in tokenomics is staking workers with production benefits versus mining workers with network security benefits, although the bigger the iExec network is the more secure it will become.

-cont-

>>20568918
So why is RLC DIGITAL OIL?
RLC is DIGITAL OIL because it's a limited resource(like oil) that allows anyone anywhere to either contribute to the decentralized world computer or to gain from it.
Much like how oil powers vehicles, machines, production and more, DIGITAL OIL powers computations, data renting, ai, machine learning, rendering, and more.

Without oil, there is no cars, no boats, no plastic, no anything.
Without DIGITAL OIL, there is no decentralized computations, data, ai, machine learning, rendering, etc.

Now, some of you might be asking, why do we need decentralized cloud and data?
The reason is simply a by-product of decentralization.
Increased security, privacy, new technologies, and lower costs.
Also, I wouldn't want a centralized AI/robot. Scary to me.

But anon, how does it lower costs?
Decentralization of cloud/data lowers the cost because anyone can contribute to the network. From Google to Ranjesh in Mumbai with a gaming PC(and eventually any device). They can all contribute, and in an open market scenario, competition is going to be wild. On top of that, big cloud companies can potentially use iExec in the backend while they still upcharge customers on the front end. They may also be able to downsize their datacenters to save even more and just act as a middleman.

Here's the kicker. If cloud/tech giants don't adopt this technology they will be made obsolete by being out-priced with the unique features of iExec on top. Therefore, they must adopt iExec by connecting their datacenters to it. This will enable some amazing things that I won't go into right now.

I believe that's it. If you read this far, congrats. Supply is running low. Good luck.

If tech giants (or even chink mining farm setups) do adopt will there be any point in running your own workers or will you get cucked by electricity prices?

>>20568948
Hopefully I didn't write this for no reason since biz is always complaining about shitty posts.

Here's a fun fact
>6% of rlc’s market cap is held by the top 5000 LiNK holders

Let it sink in, that is excluding exchanges.

>>20569116
It depends really. You may or may not.
The Chinese want to make as much profit as possible and running an entire datacenter is going to cost a lot in maintenance and electricity costs, so with that in mind it seems that the pajeets may be able to out-compete them and earn a small amount of RLC per day. You will probably still be able to join the same workerpool as that datacenter and get jobs from it.

>>20569178
That fucking team tho

>>20569247
It's the fucking dream team.

>>20569178
You forgot Cabelguen too btw

>>20569282
I didn't make the image, but someone should add this ultimate chad

>So I have been accumulating RLC since 2017

sage

>>20569326
>I have been buying this digital currency "Bitcoin" since 2010 anon! It's 2011 now, you should check it, it will change the world
>no thanks imgay

>>20569356
Okay good to know everyone on biz understands what is happening then.

>>20568903
Thanks, Aangnon. Good to see you doing the Lords work.

>>20569917
Anytime anon I hope some people get something out of it.

I'm actually methanon :)

>>20570069
Didn't notice you without the caps, lol.

So, are the oracles really better than (or equal to) chainlinks or is that just a meme? (I'm too much of a brainlet to understand that kind of stuff) If so, is chainlink then needed in any way?

>>20570384
Yeah, a dev team of 6 science PhDs can create a pretty good product, who knew?
iExecs oracles have SGX/TEE/Staking/Modifiable API. Links oracles have none.

>>20570384
this>>20570501
>>20570501

Adoption will happen. Another issue with current eco of cloud computing is it requires billions of gallons of water to cool.

https://time.com/5814276/google-data-centers-water/

"In 2019 alone, Google requested, or was granted, more than 2.3 billion gallons of water for data centers in three different states, according to public records posted online and legal filings."

All the giant tech companies are investing heavily into cloud computing; space/land, equipment, water. Iexec will not only even the playing field, but also spread the resources globally and give options to all needing computing power.

Iexec will be the worldwide hub for cloud computing resources.