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/biz/ - Business & Finance


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21808048 No.21808048 [Reply] [Original]

This is a coin that is 19mil mcap, less than 2k wallets, volume is still very low and it is completely under the radar.

Despite this, it has been mentioned as a potential coinbase listing and with the recent blog posted here:

https://blog.coinbase.com/what-will-happen-to-cryptocurrency-in-the-2020s-d93746744a8f

it can be seen that the company is making a push towards utility tokens that actually use the properties of the blockchain to make a solution that solves a problem, not a solution looking for a problem.

I highly suspect a coinbase listing to come sometime soon, from what I have seen on the coins that they have floated as potential listing this is unique in what it does and purely provides utility in the GPU-power space.

Consider joining the RNDR token discord, we are scouring the internet looking for more technical information and posted it in the technicals channel.You can also chat with current holders as well:

d15c0rd . gg / DVXbwpu

>> No.21808123

But why this over RLC.

>> No.21808166

>>21808123
They already have actual clients with a legitimate business behind them.
RLC is another muh decentralization shitcoin.

>> No.21808255
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21808255

>>21808123
iExec and Golem are not competitors with Render, both are could be classified into the same categories as each other. What iExec and Golem do though that makes them competitors is that they are trying to completely replace centralized services and have tailored their features as such.

Along with this the connections that both projects have are exclusively related to those in cryptocurrency, as the companies like intel who work with iexec have not given any formal recognition to the project besides working for them. On the contrary, RNDR has received partial recognition from Apple, NVIDIA, and Coinbase. These can be found in the discord.

Also, the main usecase of RNDR focuses completely on something that public clouds cannot do at the moment and which would be very hard for them to scale on, and that is GPU computing. As it stands it would be a great buisness model to use already powerful workstations that are idle to create one giant network where people can process rendering jobs in instant time or do various other computations that would require GPUs. This is the RNDR network.

The World Economic Forum sees this as a potential usecase of blockchain, see scenario #1.

https://www.weforum.org/agenda/2018/04/questions-blockchain-toolkit-right-for-business

>> No.21808261

>>21808048
19MM MCAP and less than 2k wallets mean I'm just going to get dumped on as soon as I buy in.

That's code for get stuffed.

>> No.21808360
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21808360

>>21808261
That is an incorrect attribution but if you think that way I doubt I can do anything about it because that is a hard state of mind to change.

>> No.21808396

Thanks, just bought another 2000 RNDR, sir.

>> No.21808426

I'm glad I secured a nice bag before the inevitable coinbase listing.

>> No.21808577

woah this looks legit

>> No.21808808

>>21808255
Ok wait so what does GPU computation have to do with some PnD token

>> No.21808969

>>21808808
In order to process your job on the RNDR network you have to pay in RNDR tokens which are then give to those lending their power as a reward.

>> No.21809075

>>21808969
why do they need a RNDR token? why can't they just use anything else that has monetary value?

>> No.21809151

>>21809075
That is a question that you could ask every blockchain service and the answer comes to do technicals of the structure of a blockchain. Frankly, that question does not apply here.

>> No.21809175

>>21809151
alright have fun with your worthless shitcoin then

>> No.21809185

>>21809175
What coins do you hold then if you are so obsessed with why blockchains need a native coin?

>> No.21809253

>>21809185
25% USDT
25% USDC
50% DAI

>> No.21809279

>>21809253
But these are all stable coins, how have you made any money from holding them?

>> No.21809295

>>21809279
1000x leverage
buy when it goes down a cent
sell when it goes two cents