/biz/ - Business & Finance

Unfriendly reminder

>there are only a few million remaining WALT
>this has massive implications

>>23958618
>>23958634
>Literal who shitcoins comparing themselves to the world computer
NGMI anons

>>23958618
>2020 shitcoins vs coin who survived 2018-2020 bear market

ready to become an oil baron

>>23958608
why the fuck do you compare this shit with oil? coinmarketcap says RLC is about decentralized cloud computing

>>23959279
lmao if you're that retarded you don't deserve to hold RLC

>>23959279
>He doesn't know
Everyone gather around and view what someone that won't make it looks like.

Is this token literally made from oil?
I don't understand.

>>23959635
yes

>>23959279
From last thread

>Total supply: 87,000,000
870 iExec represents how much is needed to make it to 1 million dollars if the protocol is valued at 100 billion dollars.

8700 at 10 billion.

87000 at 1 billion.

There is an expectation certain quality crypto projects will reach valuations of 10 billion+

Therefore, in the case of iExec, a "make it" stack is 8700, while a suicide stack is 870.

>Digital oil
iExec is the compute layer of the crypto ecosystem.

Ethereum’s VM (virtual machine) is excellent for simple transactions and business logic—things like managing the rules regarding the creation and storage of information. And although Ethereum is Turing-complete and theoretically capable of performing any computational feat given infinite time, the VM struggles when performing rigorous computations efficiently and at reasonable cost.

That’s not what Ethereum was made for. Running intensive computations on Ethereum would be like trying to run Grand Theft Auto 5 on Apple’s 1987 Macintosh II.

The solution to this is offchain computing. dApps need to be able to do their heavy computing offchain (meaning not on the Ethereum blockchain) and then bring the information and results back onto the Ethereum blockchain for verification. iExec enables just this.

The blockchain economy will need a service like iExec. In 2018, as dApps begin releasing their platforms, it will become increasingly clear that Ethereum will be ineffective for all that computation. With AI, smart cities, VR, and IoT all utilizing advanced smart contracts, there will need to be an offchain computing solution. iExec is that solution.

TLDR: iExec processes the computations away from the blockchain and then transfers the results back to the blockchain. dApps can use this to perform complex computations like rendering, uploading, and all the requirements for AI, IoT, and VR, all without slowing down the Ethereum network.

>>23959635
my fucking sidessssss
yes, RLC is made from crude oil

>>23958618
Sta will decimate

>>23958608
30 mil+ remaining on exchanges

>>23960143
No there is far less. There is only around 24 million on binance, 15m of which is in a hot wallet which means it could be a combination of people holding on exchanges and whatever extra binance has in storage.

I have a feeling binance itself only has about 13 million or less in total and the "actual availability" of RLC is only around 25M total

>>23960143
~20m and dwindling fast
CB listing and it's over, Day of the Barrel begins

>>23960168
25M total "available" but half of that is probably held by individuals on binance, is what I mean

>>23960143
>30 mil+ remaining on exchanges

getting expensive to swap for RLC on uniswap better grab it while you can fellas

>>23960177
>those digits
>that image
Oh my fucking god

>>23960177
>7 dubz
>-1,777 on binance
I'm thinking Kek is with us
>>23960199
yeah, Kek's presence confirmed

>>23958608
It's over Gilles. This is now a Badger Finance thread.

>>23960271
god you're more pathetic than the OCEAN faggots
I'm actually sort of impressed I thought they were rock bottom

870 gets you your ticket to iExec 64 island party

>>23960307
fucking based
I hope you make more

>>23960177
We all gonna make it

>>23960307

>>23960382
Oh my..... we are all making it

ITS OVER GILLES THE RLC KILLER IS HERE

Contract 0xeb36b673764bf4b73c524d85453c5edd3d886aa7
https://info.uniswap.org/pair/0xeb36b673764bf4b73c524d85453c5edd3d886aa7

>>23959849
Can you please delete this post, I'm still trying to get to 87K before we go over $2.

>>23961277
nice digits.. man you'll be 1 of 1000 total possible people that can own that much if no larp anon..

>>23961277
>>23961299
RLC is getting crazy digits in every thread lately
and btw its gonna be a mad dash to even have 870 RLC so if you have even close to 87k you are going to have a huge amount of money

>>23961311
fucking checked

>>23961299
>if no larp
Slowly accumulating since just before the Doracles news.

>>23960382
Smoothbrain here. Why is this so significant?

>>23961311
Witnessed and checked

>>23959849
ok, i will buy your bag now

>>23961311
>RLC is getting crazy digits in every thread lately
Truth, but let's be real, that means almost nothing at all these days; tech, vision and intelligence is far more important - marketing of the iExec project(s) has always been a weak point, but I'm actually happy it's been pretty quiet for this long.

>>23961373
because there's very little left out in the wild
once the supply is gone the price moons
the best part is all the people bidding it up will be large corporations for the most part with retarded deep pockets

>>23961404
For sure, but lets be real, we can make RLC pop the fuck off if enough people begin to see the vision.

>>23961417
25m rlc seems like a lot though, no?

>>23961373
>scarce digital resource called "digital oil"
>gives you access to the decentralized world supercomputer
>probably less than the scarcity of Bitcoin available
>bitcoin doesn't have nearly as many use cases

RLC could unironically make ETH more valuable than BTC. Perhaps when ETH marketed itself as "the world computer", it actually meant that it would end up being the backbone for the world supercomputer, iExec.

The amount of value that will end up going through iExec could possibly be more than the value of a simple digital currency, as it's both the epitome of "blockchain technology" as well as a currency/"digital natural resource"

>>23961446
25m RLC means only around 28k people can have 870 RLC.... that's only 900$ or so... That means only 28k people will be allowed to make it for under 1,000$.............

>>23961404
>>23961423
>lets be real
>vision

>>23961446
from another thread

">Total supply: 87,000,000
870 iExec represents how much is needed to make it to 1 million dollars if the protocol is valued at 100 billion dollars.

8700 at 10 billion.

87000 at 1 billion.

There is an expectation certain quality crypto projects will reach valuations of 10 billion+

Therefore, in the case of iExec, a "make it" stack is 8700, while a suicide stack is 870.

iExec is the compute layer of the crypto ecosystem.

Ethereum’s VM (virtual machine) is excellent for simple transactions and business logic—things like managing the rules regarding the creation and storage of information. And although Ethereum is Turing-complete and theoretically capable of performing any computational feat given infinite time, the VM struggles when performing rigorous computations efficiently and at reasonable cost.

That’s not what Ethereum was made for. Running intensive computations on Ethereum would be like trying to run Grand Theft Auto 5 on Apple’s 1987 Macintosh II.

The solution to this is offchain computing. dApps need to be able to do their heavy computing offchain (meaning not on the Ethereum blockchain) and then bring the information and results back onto the Ethereum blockchain for verification. iExec enables just this.

The blockchain economy will need a service like iExec. In 2018, as dApps begin releasing their platforms, it will become increasingly clear that Ethereum will be ineffective for all that computation. With AI, smart cities, VR, and IoT all utilizing advanced smart contracts, there will need to be an offchain computing solution. iExec is that solution.

TLDR: iExec processes the computations away from the blockchain and then transfers the results back to the blockchain. dApps can use this to perform complex computations like rendering, uploading, and all the requirements for AI, IoT, and VR, all without slowing down the Ethereum network."

>>23961461
>>23961475
>>23961510
Well if you put it that way, Ill buy a small bag after payday. Thanks anons

>>23961510
this gives me LINK vibes! So hard right nw, normies will lose their bags before we moon!

>>23961541
>>23961768
it's basically like buying Amazon stock when they were a tiny bookstore

>>23961789
It's basically like buying every single big tech company when they were tiny garage projects as they all release their own world-changing technologies all at the same time.
Trillions of dollars in marketcap.

>>23961806
Trillions is really not unreasonable, I get that people find it offputting but I see it as inevitable

>>23961806
i only have 2 k barrels.
2,3 x suicide stack so i'll be okidoki.
also in eRSDL so i'm pretty comfy!

i have 120 rlc, is that at least comfy life?

>>23961905
870 is suicide stack bro, you'll have gud gains nonetheless

Drop RLC and buy DDS it has the same functionality

>>23961510
>The blockchain economy will need a service like iExec. In 2018, as dApps begin releasing their platforms, it will become increasingly clear that Ethereum will be ineffective for all that computation. With AI, smart cities, VR, and IoT all utilizing advanced smart contracts, there will need to be an offchain computing solution. iExec is that solution.
Why does all this to be decentralized and with a coin attached to it?

>>23962132
>decentralized
because of security. Data breaches/leaks happen all the time.

>>23962142
It's more than just security, but I'm not gonna spoon feed the niggers here

>>23962199
Stop being racist.

>>23962211
stfu nigger

>>23962199
>>23962211
>>23962244
Checked niggers
Nigger

Why does this even need a token?

>>23960307
Needs more traps

>>23962275
We're not answering this dumb as fuck question anymore.

Give me some good resources so start researching this properly as I'm not going to take biz word for it.

>>23962582
Good now fuck off clown

>>23962582
There's some good info laying around in RLC threads, otherwise fuck off

>>23962520
>we're
Gotcha. Back to discord tranny

>>23962582
dyor nigger ahahahahahahah you clown fool, piss off, its the future and everything. just buy, no need to understand haha it for very high iq chad only

>>23958608
i dont like oil. oil went below 0 just six months ago. i like DAO's, especially Badger's. unironically making me comfy

>>23962719
Based

>>23962719
>>23963430
Forget to switch shill?

>>23962199
>It's more than just security
so... what else...............

>>23963764
All of the inherent benefits of decentralization, for one. For two, all of the inherent benefits of an open market. You can get more answers elsewhere

RLC the next big thing in blockchain

The more I read these threads the more I realise that basically the whole world runs on computing power, it's the backbone of our current world and the age soon to come. iExec is THE provider for decentralized computing power and lots of other stuff. Isn't this then a bigger thing than Chainlink? Chainlink is only a subset of things iExec does (oracles vs dOracles). Just like data trading like Ocean is just a subset of what iExec does?

>>23963807
>All of the inherent benefits of decentralization
Like high latency? lol

>>23964380
High latency is solved via FOG/Edge computing, so applications using real time data can easily compute

https://en.wikipedia.org/wiki/Edge_computing
https://en.wikipedia.org/wiki/Fog_computing
https://www.cmswire.com/information-management/edge-computing-vs-fog-computing-whats-the-difference/

>>23964074
It’s bigger yet harder to achieve as well.

Year is 2025.. nooilers are like “I wish I bought RLC when it was only 50 bucks”

Anybody got realistic EOY price predictions from 2020-2025? Year by year? 11,490 is too abstract for now

>>23964461
This, get fucked retard doubters

>>23964595
ETH did what, a 2800x in less than a year?
RLC could do that in less than 2, easily

>>23964647
I get what you mean but the difference between what eth did and what 11,490 rlc can possibly do is the marketcap. 1 trillion is super ambitious

>>23964595
>2020 $1
>2021 80c
>2022 $1.10
>2023 $1
>2024 90c
>2025 $1.05

>>23964794
Weak fud. Your ID is your jeet name

>>23964731
1 trillion is a pipe dream

>>23964794
>>23964818
And mine ironically is poo...

>>23964818
>full house id vs literal p00p
>RetardLoserCopers BTFO

>>23964461
>High latency is solved via FOG/Edge computing
Example: I request a computation
The closest pajeet giving it to me it's in India
How is high latency solved?

>>23964894
So you buy tasks from aws or other big name worker pool you retarded discord assault helicopter

>>23964894
That's a very unrealistic scenario where you presume that computers aren't located on every continent. I for one am from the EU and I can't wait to provide RLC with some computing power when the public worker pools are getting work. But you need to understand that you can make your own pool which only people who you want to join can see it. So for instance; Nvidia, Google, Amazon make a "pack" they say that Nvidia can host a worker pool and Google and Amazon can join, and they can easily make this happen. They can instead of using the public worker pool make one among themselves for their purposes with their servers, but they can trust each other due to the nature of it being decentralized and confidential. Nvidia data can easily go through Google/Amazon and Google/Amazon don't have a clue what they're computing because it's all done inside a Intel SGX enclave.

A scenario where there is not a single computer somewhere near you is very improbable. It's only possible from the very start of the network. But more people will join when jobs start flying into the public worker pools, because why would you run your computer on 10% and not use the other 90%, when you can easily provide it as cloud power to someone who ACTUALLY NEEDS IT??? And you can provide CPU and GPU power. So for instance, when you browse 4chan you don't really use most of your available resources, therefore you can provide them to iexec and can browse traps on random while still making money so your mother doesn't have to cry herself to sleep every night.

>>23964894
This is the literal state of rlc fud

REPENT
DAY OF THE BARREL IS COMING

>>23965896
Gladly carrying around my huge throbbing bullbags

>>23965095
So fucking based anon, good job explaining to his dumb ass

>>23958618
Remove PNK. It survived the bear market and successfully launched an ICO. We're also on a leg up and will continue to moon. You've been warned.

RLC 100X minimum, do the fucking research... 80 mil market cap, top 100 coin, actual working product, very, very good partnerships... Pile in and get rich bitch

>>23967677
any year now

Haha it's a new project, traction friend, traction.

>>23959849
so...
it’s basically a way of buying computer power using a token?
please I’m retarded explain more easier

>>23967988
Yes, the general use case is exactly what you said. But there is more to it, because the work is inside a Intel SGX enclave. Which means people who get works don't know what they're doing, but are able to produce the correct result. Which means Nvidias data can be easily used computed by Google without Google knowing it. Also RLC has cloud assets tokenization which are also inside an Intel SGX enclave, which means you can sell your AI datasets to other people without the other people knowing what the exactly data is and stealing it from you. Because you literally have a AI data set NTF which you borrow to other people for money so they can train their AI models. And they've go doracles which are superior to that of chain link due to them being confidential doracles

>>23968124
so basically you can use any computer or pool on the network to solve a problem without the owners of that computer or pool knowing exactly what you are doing?

>he fell for the digital oil meme again
back to 60c it goes

>>23968404
Yes, exactly. But not every computer/pool. Only the public work pool and other pools which you were invited to. But the owner of the computer who does the work does indeed not know what he is doing, he just knows what he must do in order to return a correct result. This is exactly what a Intel SGX enclave does. Someone can compute on your data without them knowing what the data is.

3.2 TRILLION DOLLAR MARKETCAP IS GUARANTEED IN ONE YEAR! iNSTITUTIONS ARE LITERALLY cLAWING bEGGING TO GET THEIR HANDS oN SOME DIGITAL ONCE THE ENTERPRISE SWAP RELEASES; HUGE ENTERPRISES WILL FIGHT OVER THE LAST CRIMES OF HERESY AND IT WILL RISE TO 1000$ OVERNIGHT

>>23968880
i like cloud computing
i like anonymity
i traded some btc for 200rlc
shitcoin for shitcoin

>>23969124
870 is the suicide stack
8700 is the make it/upload stack

>>23969220
i am a man of limited means and limited brain power