/biz/ - Business & Finance

However Iexec is different because the token involves a staking/escrow mechanism in order to verify computations.
Let's say you want "workers" (people selling computing power on iexec network) to compute 2+2^340 and the reward you propose is 1 RLC.
During the time of the computation the RLC is placed into an escrow while different workers take the same, however to prevent bad actors to just give a random result without doing the computation the workers have to commit a stake (a bit like in poker), like 0.01 RLC, that will be confiscated to the cheaters once the job is finished.

But it doesn't end here, the best part is that the bigger the stake is committed the larger share of the reward you get.
That means that workers are encouraged to HOARD the tokens which means it will DECREASE the token velocity which means the VALUE WILL VASTLY INCREASE WITH THE VOLUME OF JOBS PROCESSED.

tl;dr: RLC has one of the smartest fucking token economy in the game, in comparaison SONM and GNT have not even thought about it.

>>9514641
I unironically know the next 10x but I'm too poor to buy any. Hint: It's not RLC and it's not available on Binance.

>>9514665
stop shilling peep coin retard

>>9514641
literally no way I can be worth more than I think because I am selling at 500

>>9514691
Nope, I've literally only seen this token shilled here once and it was months ago. I got about 115 in an air drop, still under $50MM mcap and going to be a big deal.

>>9514734
Noone gives a shit about your shittoken, go hijack the thread of someone else brainless faggot.

>>9514767
Your first line is talking about a token being worth more than you think, but I know a token that actually will be worth more than you think. You should be interested. Instead of wasting time trying to pump shitcoins you could be in on the next moon mission.

>>9514777
so, enlighten us with your mighty altcoin wisdom. Whats your 10x?

>>9514734

>>9514842
hehehehe, and someone thought I was retarded selling for at 20 cents.. hahahahahahahaha goodluck holding the bags, I told those fuckers that the CEO lawsuit would never make it moon

>>9514641
If you want to mitigate the effects of token velocity, then it makes sense to buy 'reserve' tokens like BNT or KNC. These also provide a streamlined mechanism for token-swaps, without the need for an unwieldy exchange-like backend.

'Yet another cloud computing platform' will likely succeed or fail based on 1) demand for cloud computing and 2) success or failure of competing platforms. Utility token mechanics are of secondary importance.

>>9514997
I bought at $0.09, will sell at 5x in two months when the news comes out.

>>9514997
So how much loss did you sell for? 40%?

>>9515451
2x faggot

>>9514777
You're the one trying to pump a shitcoin because you got 100 in an airdrop.

>>9515500
Sure you did sport

>tfw only 500 RLC
I will be left behind on earth while you guys can colonize the moon

>2022 headlines

Cure for every cancer now discovered!

Leveraging computation power on a decentralized super computer, the research institute was able to perform regression tests and simulations at a speed and cost that was impossible just a few years ago.

(Thanks to ETH and RLC)

>>9515921
Accumulate more wealth damnt, there's still time damnt! RLC is at $2! If you're stingy enough you can work a shit job and afford to get 100 RLC per paycheck. 100 RLC could be worth $100,000 one day dumby! And once youre in that comfy zone you can think about making some damn moves and creating more wealth. Stop with this negativity and start thinking about what positive things you can do for yourself so that you can increase your chances of gaining money.

>>9516848
I'm a wagie, but i don't get payed until 3 weeks.. i'm afraid the rocket will leave me behind on may 29.

6k RLC here.

Feeling comfy knowing I won't have to work ever again in 2020

its aids

>>9517353
Is it summer already?

>>9514817
it was peepcoin. they are really obvious to spot.

>>9516848
Unironically this

>>9514641
>6+ PHD's that literally pioneered cloud computing and plan to disrupt a 500b+ industry.
>Mining computations for real world applications. (unlike mining coins that serve no actual purpose besides beanie baby trading)
>Capable of storing data like a storage coin.(All storage coins BTFO)
>solves all scalability issues, can solve scaling issues for other blockchains
>~80m circulating supply
>Coins are spread nicely, no one person owns too much.
>The first coin to render something in Blender.
>An actual store of value because it has both a low coin circulation and more real world use cases than ethereum and bitcoin.
>Will be used to power smart contracts for bitcoin itself if it so chooses (RSK partnership).
>Will power EVERY dApp in the future, including Request, Flixxo, and Shopin as well as AI applications, Oracles, and literally anything you can imagine thanks to easy iExec integration and docker.
>Blockchain agnostic, will be able to provide offchain computations to offload stress from any blockchain it chooses. It plans to support ETH for the time being, but could use Ark, NEO, or any blockchain in the future.
>Private computations thanks to Intel SGX integration and collaboration.
>Hybrid Public/Private Infrastructure in 2019
>High Performance Computing in 2020 (every cloud computing competitor BTFO) This will allow extreme advances in AI and other computing.
>still ~5x below Golem's market cap
>get paid for renting your hardware for calculations needed by nearly infinite applications
>If you have enough RLC you'll literally become the equivalent to a Saudi oil king in 2020 thanks to the PoCo algo

Reminder to buy the dip before (((((((they)))))) pump it 5-10x in a day, you're welcome for this.