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20595970

RLC - INFORMATION Anonymous Wed Jul 22 17:29:40 2020 No.20595970 [Reply] [Original]

So I have been accumulating RLC since 2017 and would like to explain to the bizraelis that don't understand what's going on what iExec RLC is and why it's digital oil/the bitcoin of cloud computing.

This may be a long read.

To start with the basics, let's just get what iExec is in it's basic form.
>iExec(i Execute)
The world's first decentralized marketplace for cloud computing and data renting. Basically a world computer.
>RLC(Runs on Lots of Computers)
The token that is required for all services on the marketplace, including staking as a worker.
>Workers
Computers Stake RLC(incase they fail the job or act bad they lose it then),and perform the requested job.
>Tokenomics
https://medium.com/iex-ec/rlc-token-economics-iexec-34757f4885c2
>Algorithm: Proof of Contribution
https://medium.com/iex-ec/poco-series-3-poco-protocole-update-a2c8f8f30126

ERC-20
Max supply- 87M
Circulating-81M(much lower, Binance supposedly only has 20M or so left)
Team owns about 10-12% of the coins.
Current price: $1.47
Marketcap:121M

Okay, so those are the basics.

-cont-

>>

Anonymous Wed Jul 22 17:29:56 2020 No.20595981
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>>20595970
>>20595970
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.

>>	Anonymous Wed Jul 22 17:30:56 2020 No.20596015 File: 237 KB, 1211x649, 1593914431344.jpg [View same] [iqdb] [saucenao] [google] >>20595970 try harder. you cant stop the dump. pic related

>>

Anonymous Wed Jul 22 17:30:57 2020 No.20596014
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>>20595981
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.

>>	Anonymous Wed Jul 22 17:31:58 2020 No.20596034 File: 73 KB, 768x872, 123424525.jpg [View same] [iqdb] [saucenao] [google] >>20596015 Thank you for your valuable input Ranjeet, you had 19 years.

>>	Anonymous Wed Jul 22 17:33:35 2020 No.20596071 File: 214 KB, 1034x377, aws.jpg [View same] [iqdb] [saucenao] [google] >>20596034 you're very most welcome Rahul. continue with the cringe threads

>>	Anonymous Wed Jul 22 17:34:03 2020 No.20596081 >>20596015 Brainlet. This reminds me of the Link fudders back when Link was less than a dollar, I pity them. And I pity you as well.

>>	Anonymous Wed Jul 22 17:34:09 2020 No.20596084 >>20596071 You didn't realize that Google was the partner and will be onboarding iExec within the year? Kek AWS is already a partner

>>	urgay Wed Jul 22 17:38:16 2020 No.20596190 >>20596081 based

>>	Anonymous Wed Jul 22 17:43:59 2020 No.20596378 >>20595970 i'm ready! my body is ready! What's a suicide stack? i'll probably load up more :) cheers OP

>>	Anonymous Wed Jul 22 17:47:22 2020 No.20596473 >>20596378 870 RLC long hold 1-2 years

>>	Anonymous Wed Jul 22 17:48:03 2020 No.20596490 File: 16 KB, 112x79, 4.png [View same] [iqdb] [saucenao] [google] How did people even come to the assumption that RLC can reach 11490$?

>>	Anonymous Wed Jul 22 17:48:49 2020 No.20596504 >>20596473 aight, cheers!

>>	Anonymous Wed Jul 22 17:49:00 2020 No.20596508 >>20596490 The amount of tokens with a market cap of 900B