/biz/ - Business & Finance

>>24762087
Let me know when ETH can do high performance offchain computing, AI, ML, data renting, dApps, robotics, and so much more on a decentralized marketplace with zero gas fees.

>>24762202
it literally can except on-chain obviously. Gas fees *should* be really low. Why is there inherent value to it being off-chain? If you don't believe ETH will ever scale to a high degree then I accept that RLC has value.

funding Gilles tranny parties

>>24762236
>it literally can except on-chain
Show me where you can render a blender rendering with only ETH, on ETH's blockchain.
>Why is there inherent value to it being off-chain?
Because doing computing offchain and putting the result onchain is the only way to do high performance computing with blockchain technologies.

ETH is the backbone for a technology like iExec to exist, although iExec is blockchain agnostic anyway.

>>24762296
It is Turing complete. You can run any application on it...

>>24762236
I have been doing fundamental and quantitative research for many years. My quest has taken me through the physical, the metaphysical, the delusional... and back. And I have made the most important discovery of my career, the most important discovery of my life:
RLC

>>24762315
You can say it's turing complete but can't show me an example of "it literally can except on-chain obviously. " because it doesn't exist, and because iExec is the only way to do that.
ETH is a PoS backbone/ledger for the powerhouse/market that is iExec. iExec is the full suite for all things digital.
>You can run any application on it
ETH couldn't even run cryptokitties when it was PoW and you expect it to be able to do any form of high performance computation? ON CHAIN? KEK! Even if it could do high performance computation, good luck being a developer being 5-6 years behind a team of literal grid computing geniuses.

>>24762087
Dunno anon, there was a comparison between running ETH and running GTA 5 on an Apple macintosh 1987 i just can't find this shit.

I just had a dream featuring a child pressuring me into buying 16000 RLC

>>24762484
It's not feasible because it has not scaled. No one has made a rendering app on the ETH blockchain but that's different from it being impossible

I already said that it's conditional on scaling. You still could do it, it would just be incredibly slow and expensive. If you are going to blatantly deny the fact the ETH can do arbitrary computations, albeit slowly, then this is a pointless argument

>>24762597
No you said "it literally can except on-chain obviously"

>"it literally can"
means it can do it right now, pajeet.
If you are betting on ETH scaling to the point where it can do everything iExec can do right now, you don't understand how things work and should just sell your RLC, because you don't deserve to hold RLC and you dont deserve to make it.
ETH can do arbitrary smart contract computations however it is not guaranteed that it will ever scale to the point that it will be able to do anything iExec is CURRENTLY capably of.

>>24762680
ALSO
ETH will never be able to do things that iExec can do because iExec has ZERO FEES. ETH will always rely on some form of fee so iExec will always have that edge over ETH.

>>24762733
Based

>>24762680
Alright, so the only advantage that RLC has is that it makes up for ETH's speed. If ETH scales RLC is effectively useless unless you have some other argument
>>24762733
You still pay for the computation, wtf are you talking about

>>24762680
>>24762733
based as fuck.

>>24762793
No it's much more than that but im not going to spoonfeed you as this is a thinly veiled fud thread

>>24762893
lol alright

>>24762236
>literally

OP is a fat sweaty autist

the purpose of RLC is for Gilles to continue financially ruining me

just sell your rlc for eth OP and be done with it

>>24762087
OP is literally a fucking idiot. It's obviously the same anon from this thread >>24711722

>I bought the top in the last bull run and still need to dump my bags
great thread op. just cash out and invest in something good, and take profit this time. you can still make it if you exit before this coin finishes bleeding out. new regulations in France fucking crypto, you don't have much time before the few people who are left start realizing it's over

>>24763048
>literally

>>24762087
hi theone.

>>24762576
This reminds me of a dream where I found myself in the dining hall of a castle, a giant feast on a big wooden table and a single little girl eating. Suddenly the food turned into rotting flesh and the kid noticed me, I started shrinking as she stood up and got closer. She grabbed me and I woke up drenched in sweat just as I was looking at her mouth closing around me. I'm not a vore fag.

>>24762793
Smart contracts and cloud computing are two entirely different things. RLC brings decentralized cloud compute to the blockchain. While ETH will only ever be able to run smart contracts which lack the complexity and freedom of a traditional computer program. So regardless of if ETH scales infinitely, cloud computing resources will still remain valuable.

>>24762680
>>24763390
You are doing God's work

>>24763390
Again, this is not true. Ethereum is a Turing complete network, it is just not very useful for a genric purpose until it scales.

>>24762202
Imagine zero gas fees

>>24762989
Glad I’m not the only one

>>24763512
Purely talking about bringing abstract computing resources to the blockchain. Again, "Cloud compute" and "Smart Contracts" are different and cannot be in competition with each other.

>>24763596
>>24762989
I was referring to the capabilities of the network, not the existing applications, I thought that was obvious.
>>24763596
You still pay computation, which is analogous to ETH gas perfoming computations

>>24763690
>You still pay computation, which is analogous to ETH gas perfoming computations
No one is going to do high performance(costly) computations for free. ETH gas =/= RLC market prices

>>24763684
What exactly is unique about cloud computing? That is just on-demand computational work that can complete an arbitrary computation. Ethereum can do this. Am I mistaken?
>>24763729
Yes, I know. I already addressed that. If ETH scales gas will become very inexpensive, at which point it makes computation via ETH possible. Again, if you reject the idea that ETH will achieve a high level of scaling then yes, RLC has value, I agree.

>>24763512
This project is building a cult following on this platform though. Which might actually be a good thing. Regardless, DYOR and be safe.

>>24763766
Smart contracts are proprietary to Ethereum's platform. They also run within ethereum's virtual machine. You cannot, for example, run a web server, AI, render farm, game server or any other arbitrary computation on ethereum's network. But you can do it on a traditional computer.

>>24763766
>If ETH scales gas will become very inexpensive
>if
> at which point it makes computation via ETH possible
You will always have the competitive disadvantage of gas fees.
>Again, if you reject the idea that ETH will achieve a high level of scaling then yes
I reject the idea that ETH will ever be able to 1) outscale iExec and 2) catch up to the development iExec has.

I don't think ETH will ever be able to do multiparty compute, AI, ML, robotics, data renting, off chain -> on chain, oracles, etc. It's just going to be the base layer for these new technologies like iExec to be created from.

Have u checked out Cat Token anons?

>>24763867
>I don't think ETH will ever be able to do multiparty compute, AI, ML, robotics, data renting, off chain -> on chain, oracles, etc. It's just going to be the base layer for these new technologies like iExec to be created from.

Lol. It is not at all eth's intention to run AI, ML etc on its base layer.

>>24763909
I know, which is why I said that. It is however, thanks to ETH that RLC can exist and do such things.
People like OP don't really understand the importance of offchain computations.

>>24763936
Yes indeed man.

>>24762315
>Turing
i dont like buzz words mate.

>>24763855
there is nothing unique about a "smart contact", it is just a term used to describe a generic program on the ETH blockchain. There is no reason Ethereum couldn't achieve those applications given the appropriate input. The network is the same as a decentralized traditional computer, which is currently very very bad
>>24763867
Alright then in that case I think you made a good investment