/biz/ - Business & Finance

>>24710357
Continued...

Team Communication: The team is periodically active on slack, but not comparable with other projects. Iexec slack was until recently bombarded with scam attempts, then the invitations where disabled without any announcement or comment on this from the dev team. Another red flag.

Leadership. Although Gilles, the founder, is clearly an accomplished academic, he has little experience in company leadership which shows through on nearly every front. Yet they are refusing to hire an experienced CEO

Technical Outlook. The technical outlook remains unclear. iExec Academy will probably be released on schedule, but it still unclear how it is usable from solidity, how results are retrieved into the smart contract, costs, providers, etc, etc. I'm not expecting any real-world dapps to use this anytime soon. For Version 5.1 there has been no information update since the whitepaper release. The research on the most important and most difficult part, the proof of contribution, has not even started (to my knowledge), and it is doubtful their vision for v6 and beyond is possible to implement.

Partnerships. There has been only one announcement of a unknown company partnering with iexec. DApps running on iexec or other forms of partnership should clearly be one of the most important goals right now.

Strong competition. There are a lot of projects aiming at similar goals and iexec is one of the more unknown of them.

Trading. No new exchanges and RLC trading with extremly low volume are a reflection of the above points imho.

I don't want to this to come over as complete FUD, just letting of some steam over lost money on iexec. Please refute any points which you think are untrue.

Based fud bro helping us accumulate

>>24710357
How are the services offered by RLC different from Eth 2.0's PoS method of improving transaction time.

White paper was written in 2017. No one can tell me whether or not this coin is necessary as most blockchains are talking about PoS solutions. Even Bitcoin is getting Lightning as a layer 2 staking solution to it's slow ass transaction times.

>>24710420
>Hurr durr blockchains are slow and we need to fix that -- there will eventually be solutions
-Written in 2017

Okay, 2020 is here. How is this digital oil? It's more like digital kerosene. Who the fuck is going to want that when he have light bulbs now.

I just don't think there's much of a demand for RLC or for what they are trying to do.

Their marketing isn't very good also. I understand why people hold though. Maybe it'll pump hard next year. Whatever happen to that meth dude shilling this?

I only have 300 RLC, I will hold for 3 years and see what happens just in case

>>24710480
What are they trying to do? How is this any different than Proof of Stake? It seems like a piece of paper from 3 years ago explaining what Eth 2.0 is.

https://iex.ec/wp-content/uploads/pdf/iExec-WPv3.0-English.pdf

>>24710508
Damn you're stupid

>>24710597
It's a 3 year old white paper and it's undeniable in reading this a lot of it's fundamental issues RLC (runs on lots of computers lol) bring up seem to be increasingly addressed on first layers.

>>24710357
If that pic is real I’m gonna go all in on this
Especially if guy in pic is the accomplished academic

Thnx just sold 100k

>>24710357

THis coin is garbage.
I do like the name though.

What does this token fucking do?

It doesn't store any data, like Filecoin? It just takes stored data from another service provider of some sort and then provides cloud computing resources? Why would I not just create my own server? Why would I middleman this eternally? If I don't have to pay gas or transaction fees, why do I need this?

Can anyone give me an actual example of a dApp that would use this? I am so sick of RLC fags. Just keep spamming it's digital oil as the price goes down. You just threw money into something random.

>>24711435
RLC is a very thinly veiled scam, and it's not even hard to spot. Let me list some problems:


>Security
The security relies on a technology called Intel SGX. It's a proprietary intel hardware feature. That means other vendors do not support it which completely defeats the whole premise of "fog computing"
https://hive.blog/iexec/@dana-edwards/iexec-will-be-supporting-intel-sgx-secure-enclave-promising-to-allow-for-private-software-execution-in-the-decentralized-cloud


Most older implementations of SGX are also vulnerable, and since this is a hardware implementation (the literal transistors on the chip) it's also not patchable.
https://arstechnica.com/information-technology/2020/03/hackers-can-steal-secret-data-stored-in-intels-sgx-secure-enclave/


>Usage
Nobody fucking uses this stuff. The block explorer lists a grand total of 3 tasks in the last 4 months, out of which only 2 finished
https://explorer.iex.ec/mainnet


>Data transfer
The premise of "high performance computation" implies a lot of data has to be transformed. Transfering a few TB of data over the internet is infeasible even on enterprise internet connections (10Gbit being the most modern standard).
>no link because you can try uploading 1TB of stuff and see how that goes.

>>24711456
Basically exactly what I was thinking about. Unless you needed faster transaction time -- which PoS fixes already -- then what would the actual point be...?

>>24711835
it's really over for RLC niggers

>>24710357
it's over gilles, you sold that car months ago to buy cocaine and trannies

>>24710357
First of all, you had YEARS to accumulate. I don't want my white male /biz/ bros losing money because of this FUD. It isn't funny to post this, there is a new wave of NEETs here, and I want to help them make it. Newbies, don't fall for this meme. He has been posting the EXACT SAME FUD for years now. See for yourself:
>>/biz/thread/S24634457#p24635484
>>/biz/thread/S24636349#p24636362
>>/biz/thread/S24647608#p24651172
>>/biz/thread/S22541925
>>/biz/thread/S22438971
>>/biz/thread/S22310573
>>/biz/thread/S21802944#p21805330
>>/biz/thread/S21770760#p21771053
>>/biz/thread/S21708418#p21709806
>>/biz/thread/S21414844#p21415200
>>/biz/thread/S21358070#p21364772
>>/biz/thread/S21314967
>>/biz/thread/S21199769
>>/biz/thread/S21080925#p21081600

Also, expect the FUD to ramp up. If you read this post you will see why people are trying to accumulate. TEE's are basically essential for this space to have widespread enterprise adoption.

Who is one of the leaders in TEE? iExec:
>>24696483

Since i'm a programmer, i'm gonna list some interesting facts about the cloud space and why iExec or decentralized compute on spare pcs is a very, very small niche market.

1) No ability to verify in-deterministic programs (AI training, etc. etc.). Worker reputation scores are a miserable way to do this, no company would outsource important business logic to a server they can't be sure isn't cheating or the time & resources required to fault-check are higher than whatever savings you get through spare-compute.

2) No GDPR compliance and no SLAs. Yep this already precludes 90% of enterprise workloads

3) Shit-tier latency and bandwidth. Data-centers are literally built to have high extremely connectivety, no company will host a real-time service (website / etc) on manjeets basement raspberry Pi.

4) Google and AWS already offer "spot" instances, which use the spare compute and are much cheaper than dedicated instances. They have no need to participate in the iexec marketplace as suppliers. They could, but there is no incentive for them do it and there is no incentive for customers to use iexec instead of being comfy in using AWS or Google spot instances with all the controls that literally billions of dollars for armies of developers & decades of development have created

5) There is no need for everything (deals etc.) to run in smart contracts. Is ridiciuosly expensive and iexec is trying to get rid of this by building (centralized) side-chains. But then again who cares, why do I as a developer care if my deal with the cloud company or worker node is recorded on the blockchain. Token literally not needed.

>>24712311
Shut the fuck up.

>>24712741
You pajeets really need to find new FUD. You've had YEARS to accumulate and MONTHS to develop new FUD. No excuses.
>>/biz/thread/S24493855
>>/biz/thread/S23982775

>>24712797
Known fuds, but, regardless, I'm holding only a small amount of RLC (300).
NGMI