/biz/ - Business & Finance

[Anonymous No.12217540]

>everyone worried about BTC/ETH scaling properties
>don't realize RLC scales any shitcoin of choice
>don't understand RSK bitcoin smart contracts
>don't realize how important a computational marketplace is (airbnb of computing)
>don't know about the mining dApps coming that will change the landscape of mining forever
>don't understand how iExec will usher in the next technological advancements in AI and dApps
>tfw smartest team in crypto
>tfw china is excited about the tech
>tfw Intel, IBM, and Chinese cloud partnerships
>tfw iExec is unironically the next ETH/BTC level gains
>tfw only 80M circulating coins
>tfw only 14M marketcap
>tfw buying iExec at $0.21 is going to make me a deca-millionaire by 2021

[Anonymous No.12217555]

Actual shilling threads like this are only seen when it is almost time for a sell off. Thanks for the tip OP. I'm tethered now.

[Anonymous No.12217602]

>>12217555
Please sell so I can buy at 0.17 again thnk u

[Anonymous No.12217603]

>>12217540
>tfw they're still figuring out tokenomics

[Anonymous No.12217769]

>>12217603

at the very leats you can probably buy a lifetime of cloud mining for a few hundred dollars right now

[Anonymous No.12217790]

>>12217769
and at the very least when mining dapps come out you can mine a bunch of monero for 20 cents a piece and arbitrage your way to being a millionaire :)

[Anonymous No.12218072]

>>12217603
>tfw they figure out the tokenomics

[Anonymous No.12218688]

I had to sell most of my stack but looking to get back in.

The tokenomics does worry me a bit i use to be a firm believer in this project. Does RLC really have 100x potential within 3-4 years?

Seems like dapps are still a few years away at this point.

[Anonymous No.12218731]

>>12218688
Idk why everyone is worried about the tokenomics. Buy and sell computing power with RLC and also stake it to confirm computations. Seems pretty worthwhile to me.

[Anonymous No.12218765]

>>12218731
Why couldn't they do it with ETH?

[Anonymous No.12218794]

>>12218731
token velocity and short stake times along with relatively small amounts having to be staked. no incentive to hold and therefore keep tokens off the market for any length of time

[Anonymous No.12218819]

>>12218765
rlc is the next eth, but with computing utilities

[Anonymous No.12218838]

>>12218765
because PoCo and being specifically made for cloud computing+dApps isn't what ETH is?

>>12218794
I don't agree. In the future the token velocity will be much greater as the industry starts utilizing decentralized alternatives due to cost saving. Stake times are short now but in the future they will be much greater as the userbase increases.

[Anonymous No.12218851]

>>12218838
much better*

Basically it'll calm down a bit once the entire cryptospace starts to slow down in general. Velocity won't be much of an issue in the future IMO.

[Anonymous No.12219650]

I still think focusing on dApps first was dumb. They're a long ways away if ever to be widely adopted. Crypto UX needs to be 100x better before that

[Anonymous No.12219841]

>>12219650
meh, i think dapps are important and RLC is one of the best for them IMO

also, here we go bois

[Anonymous No.12220483]

I lost almost all my money on this.

Fuck this utter garbage shitcoin

[Anonymous No.12220541]

[Anonymous No.12220545]

>>12217790
>>12217769
this gives me hope lads, not selling my ExecuNigga bags. could use it for a a lifetime of decentralized mining

[Anonymous No.12220563]

>>12220541
golem only runs blender so this is shitty

[Anonymous No.12220574]

>>12220541
golem is shit

[Anonymous No.12220587]

>>12220541
Golem did pull a blinder by finishing/releaseing their mainnet early but you can't compare cloud blender to arbitrary computations on a cloud.

[Anonymous No.12220612]

>>12220563
Compared to everything else that just runs nothing?

What Golem has released on mainnet is what everyone else is playing catch-up with, a functioning and scalable mainnet. The variety of computational tasks comes later but no one is going to want to use a decentralised super computer if the framework (the only new technology being introduced to this space) is not top notch.

Saying "they only do Blender" is a good way to show that you are a troll or don't know anything about any of these projects. It's like saying "Amazon only sells books".

[Anonymous No.12220632]

>>12220612
>What Golem has released on mainnet is what everyone else is playing catch-up with

Except iExec beat golem to blender rendering.
iExec is going to unilaterally BTFO golem

[Anonymous No.12220654]

>>12220612
lmao you are clearly the one not informed.
>>12220632 is correct

also the golem roadmap is 8 years long and they will only be taregtting blender and huge film rendering at first.

RLC is way more than Golem

I bet you haven't seen the august 2017 presentation of golem. what a fucking joke it was when they presented for the first time.

everybody was laughing at them. OMG team was there too, think about it. and you know why golem sucks.

also,

> nameing your system after a jewish deity
> golem

wtf.

[Anonymous No.12220658]

>>12220632
Distributed computing is ancient technology. That's copy+paste level coding.

[Anonymous No.12220669]

>>12220658
Imagine being this retarded
Go back to your golem thread faggot
oh wait no one ever posts about it because it's a complete useless shitcoin and everyone knows RLC is superior

[Anonymous No.12220677]

>>12220669
>everyone knows RLC is superior
Rank 62 vs rank 167 would beg to differ

[Anonymous No.12220689]

>>12220677
>buying coins based off of rank
>implying rank has anything to do with coin superiority
just means ill make 10x more money than you in the next bullrun

[Anonymous No.12220713]

>>12220689
Let me guess, you bought around $2.50 - $3 based on biz meme's.

[Anonymous No.12220718]

>>12220713
I have a 0.40 cents average.

[Anonymous No.12220724]

>>12220713
Also even if I bought at 0.001 or 3$ I'd still shill it in the exact same way because I know what RLC will be worth within 10 years. Bagholding memes do not bother me in the slightest because I'm already rich and always buying more.

[Anonymous No.12220759]

>>12220718
i started buying in at 20k sats all the way down my cheapest bag picked up at 5000 sats :(

[Anonymous No.12220772]

>>12220759
Keep buying and bring that cost down if you can.
This coin will be worth much, much more within a few years.

[Anonymous No.12220835]

>>12220772
How much?

[Anonymous No.12220840]

>>12220835
I'm not going to put price speculation here because it's just gonna get hate. Know it'll outperform golem though

[Anonymous No.12220863]

>>12220840
outperforming Golem is not that much brah

[Anonymous No.12220882]

>>12220863
sorry it'll 1000x from this point is that what you wanted to hear?
I don't speculate price I just see value and RLC is heavily oversold, once certain dApps start coming through people are going to FOMO

[Anonymous No.12220923]

>>12217540
Topkek. I interviewed their team in 2017 for the SEC. Bunch of French roasties, wouldn't trust my money with them. Name one great French tech firm that made it outside of France.

[Anonymous No.12220931]

>>12220923
if you are going to fud an lie atleast make it believable

[Anonymous No.12220933]

>>12220923
retard tier fud

[Anonymous No.12220964]

>>12217540
Intel SGX secured literelly souper decenterlised and sooper unhackabel. Pless bye bye bye Sirs.

[Anonymous No.12221011]

>>12220964
retard tier fud

[Anonymous No.12221431]

golem is better and further ahead of iexec as reflected in the market cap of each

[Anonymous No.12221496]

>>12218688
>firm believer
>does it really have really have 100x potential
>believer

[Anonymous No.12222303]

>>12218838
>>12218819
I meant, why do they need RLC token? Couldn't they have used ETH as the token instead?

[Anonymous No.12222328]

>>12222303
eth is used to pay for gas
rlc is used to pay for computations and staking
why is this so hard for people to understand

[Anonymous No.12222656]

>>12222328
Why did they need a separate RLC token? Why not use ETH for everything?

[Anonymous No.12222713]

>>12220718
Nice, same for me. Got 25k RLC and 25k LINK.
Bought LINK at $.16 though.
>>12218688
Token economics concern me a bit indeed.

They will target enterprises in 2019. This at $17m market cap is a joke. Most undervalued token imo

[Anonymous No.12222747]

Got over 300k rlc. I better be a millionaire in a couple of years

[Anonymous No.12222810]

rlc won't do jack shit for bitcoin.
It's 200gb of transaction data. Every bock has to be processed, every transaction verified, and the utxo has to be updated with every block to be trustless. "Offchain computation" is not how to solve this. because all bitcoin does is verify computation anyway except for the part where you update the utxo set. You don't compute the signatures, you verify them.

[Anonymous No.12223116]

I have 5K RLC. how do you have 300k it’s exoenaive o

[Anonymous No.12223153]

>>12222747
Hope you know what you're doing
$60k in any token right now is risky

[Anonymous No.12223172]

>>12223153
Well I bought 150k of em last week at 17 cents

[Anonymous No.12223365]

rlc has literally lowest volume on Binance which could lead it to get delisted

[Anonymous No.12223578]

Just let this die in peace. It had a great team and goal but just ahead of it's time. There is no point in bringing down others with you.

[Anonymous No.12223684]

>>12223578
explain

[Anonymous No.12224035]

>>12223365
It's not literally the lowest but it's inexplicably low considering the shit that has 10x volume. DNT, MCO, CMT, QKC. lol

[Anonymous No.12224901]

>>12223578

Don't tell me this... you kill me in this way, I believe in RLC... Any anon to make me comfie?

[Anonymous No.12225162]

>>12224901
One of the best teams and product anon hold stronk we will /make/ it

[Anonymous No.12225274]

I have 500 of these I bought on avaerage around 1 dollar, but bought alot at 2 dollars thanks to biz memes saying it was going to 10 by end June. I might buy more since the price is so low.

[Anonymous No.12225331]

>>12225274
I started buying at 12000 sats. Bought all the way down to 5000. It's going to be a long heavy hold

[Anonymous No.12225414]

>>12225331


Thank you all anons.

How much will it be long the hold? I have planned in the next bull run a price of 100$

[Anonymous No.12225585]

>>12225414
$100? I'd say this time next year at earliest, if everything goes well

[Anonymous No.12225616]

>>12217540
Mentions rsk but dosent mention sbtc.
Noob mate.

[Anonymous No.12225929]

>>12222656
boom
once eth scales all dapp coins will die and be replaced by dapps on the eth network
that is the power of an existing massive public chain

[Anonymous No.12226020]

>>12225929
>well
your a brainlet and dont understand how eth works, even with scaling eth is not made for massive computing, it will be scaled for throughput - not fucking computations .

[Anonymous No.12226166]

>>12226020
You're conflating the system and the token. Why not use ETH the currency with the iexec system, instead of RLC on the iexec system?
It seems to me now that the only benefit to using RLC instead of ETH is that it raised funds for the developers, and the developers will have better information and control over RLC supply and usage.

[Anonymous No.12226216]

>>12226020
sorry retarded here, what is the difference between be scaled for throughput - not fucking computations?

[Anonymous No.12226344]

>>12226166
proof of contribution

[Anonymous No.12226369]

>>12226166
1) when you go to a concert, ride an airplane, go to a movie, you need a ticket right? congratulations then because you've bot concertToken, planetoken, and movetoken

2) having your own token allows you control over your chains destiny. If you need a critical upgrade to your chain if your using eth as your mainnet, now your at the whim of the ethereum foundation and we know how fast they move.Not to mention the eth foundation is contemplating gwei cost for storage on chain

3)iexec is developed to blockchain agnostic, having your own token allows you to port it over to any other competing chain. you would literally have to recode your smart contract from scratch for every blockchain you decided to support if you didnt have your own token

4)The token creates better incentive system than ether for the founding team and the users of the protocol. For example, if iexec team does well, their token rises in value and they can make a better protocol, hire top devs, pay for bug bounties, ... And on the other hand the owners of the token have more buying power in the iexec computing economy. Without the token, the value created would be dispersed in the Eth economy.
3)

[Anonymous No.12226420]

>>12226216
i have an orange and 3 friends standing in a chain(line)

i pass an orange to my friend, who then passes that orange to the other friend, eventually being pass back to me.

that is throughput, our network has a current throughput of 1 orange.

i now take that same orange and calculate its circumference and its pH levels. so does the next friend and then the next friend, eventually it gets back to me.

that is computational power -


we can increase our orange throughput easily by just passing along more oranges

increasing our computational value is much harder say we wanted to determine the volume as well as the latent heat of the orange we are limited by the amount of time it takes us each to do the math before we can pass along to then next friend

[Anonymous No.12226485]

>>12226369
Not convinced by 1, knew 3 already, but thanks for the response. RLC is my biggest hold right now.

[Anonymous No.12226525]

>>12226485
then why are you asking these questions, havnt you done your own research? im confused

[Anonymous No.12226533]

>>12226420
>i pass an orange to my friend, who then passes that orange to the other friend, eventually being pass back to me.
>that is throughput, our network has a current throughput of 1 orange.
>i now take that same orange and calculate its circumference and its pH levels. so does the next friend and then the next friend, eventually it gets back to me.
>that is computational power -

thank you man

[Anonymous No.12226564]

Dumb niggas out here purchasing bytescoins and forgot all about real life coin

[Anonymous No.12226653]

>>12217540

A lot of great discussion here which is unusual for /biz on tokenomics.

I think most of us can agree though that RLC has one of the highest risk/reward ratios out there in the cryptosphere. Yes it could fail of course but if they can figure all this stuff out and if mining dApps will actually be developed in the future the sky truly is the limit for iexec.

[Anonymous No.12226734]

>>12226420
>we can increase our orange throughput easily by just passing along more oranges
>increasing our computational value is much harder say we wanted to determine the volume as well as the latent heat of the orange we are limited by the amount of time it takes us each to do the math before we can pass along to then next friend


so how can we solve this problem?

How can iexec solve the problem? Can you explian please to a brainlet?

[Anonymous No.12226752]

>>12217540
Your over bought shit coin was one of the worst performing during the recent pump

[Anonymous No.12227062]

>>12226653
Agree with this and all of you frens

[Anonymous No.12227102]

RLC is used to pay for cloud computing resources. It's like gas on ETH in the sense that if there's no usage, RLC is dirt cheap. As the network grows the price of the computing power could be incredibly low. There needs to be an actual demand for RLC the currency in the same way people constantly buy gas for ETH transactions, otherwise it drops in price. RLC is only a medium of exchange for the computing power.

The fact large businesses could use it is not an indication of the moon potential, you could have 1000s of businesses using it but even more people doing work to receive RLC as payment the more popular it becomes. In that case supply is vastly outstripping demand. There is no real guarantee of RLC moon whether or not it succeeds as project and it is therefore a gamble of an investment rather than a surefire bet.

[Anonymous No.12227173]

>>12227102
Anon... I don't feel so comfy anymore

[Anonymous No.12227198]

>>12227102
someone refute this

[Anonymous No.12227238]

>>12227102

This has been posted before as FUD so make what you want of it. I still believe they will figure out the tokenomics and I still feel like its way too early to argue the supply/demand of RLC if we dont even have useful dapps yet

All Im gonna say is you better have a small bag and sit on just in case for a few years. You never know

[Anonymous No.12227260]

>>12227238

the tokenomic?

Are you referring to the tokenomic of bitcoin and silk road and the darkmarkets and so on? I have seen with bitcoin how much the tokenomic has damaged ahahahahahhahahahaha the tokenomic is only a good thing, at least it means adoption ... add to this the staking part, add the speculation and you will have RLC to 40$

[Anonymous No.12227269]

>>12227102

You also forget to mention RLC has fixed supply so as more of it gets locked into staking that should put upward pressure on price.

ETH is constantly being mined and gas transactions dont ensure that the price of ETH will continue to go up. At this point you have a bunch of ICO's dumping eth to stay alive from last year so im not even convinced at how ethereum prices long term are even justified even though its the most used blockchain platform.

[Anonymous No.12227304]

your shitcoin will die because cloud computing < fog computing

[Anonymous No.12227462]

>>12227304
Fog computing is into iExec roadmap

[Anonymous No.12227495]

>>12227462
2021 lol, will be too late fren

[Anonymous No.12227510]

>>12227462

could you please tell me why fog compunting should kill cloud compunting? (103 IQ)

[Anonymous No.12227612]

>>12227495
Lol, are you retarded? Fog computing adoption isn't expected till +2025

[Anonymous No.12227628]

>>12227510
main difference is that cloud computing is centralized while fog is a distributed decentralized infrastructure
Fog is an extension of cloud with multiple edge nodes directly connected to physical devices.
-low latency, connection errors are impossible, higher security etc

[Anonymous No.12227679]

>>12227612
you mean mass adoption

[Anonymous No.12227683]

>>12227628

thank you, isn't Iexec decentralized as well? you mean that with fog computer we will have more devices making computation in the nearby? and so low latency?

[Anonymous No.12227756]

>>12227102
literally retard tier fud in that image

There will be demand for RLC once crypto actually starts being used. If fucking UBISOFT is interested you know something is up because those fuckers are money hungry cunts.

>The fact large businesses could use it is not an indication of the moon potential, you could have 1000s of businesses using it but even more people doing work to receive RLC as payment the more popular it becomes.

This is actually the most retarded thing I've ever read on biz.
>HuRr DuRr iF bUsInEsSeS uSe ThiS iT wOnt gAiN vAlUe

[Anonymous No.12227794]

>>12227683
yes iexec is decentralized, that's right
devices are directly connected to nodes --> instant responses
Fog is mandatory for the amount of data in our IoT, 5G and AI future

[Anonymous No.12227851]

Fuck Kikes NEVER selling

[Anonymous No.12227903]

>>12227102
As the network grows the volume will also grow. A high volume will give the RLC token value and the price will thus rise. Businesses will also try to make the price of RLC get higher in order to pay less RLC to execute a task.

[Anonymous No.12227986]

>>12227903
What would stop whales or competitors manipulating prices against competing companies?

[Anonymous No.12228023]

>>12227986
Eventually it'll be nearly impossible/not worth it to manipulate the crypto market as more money gets involved.

[Anonymous No.12228464]

rare for a RLC thread to get to 100. we're going to make it, boys

[Anonymous No.12228540]

>>12228464

Yeah seems like the only people FUDing are people who are upset that RLC crashed so hard in 2018 or saying French team are fags which are just baseless personal attacks.

In a way I kinda love it though. Huge Risk/Huge Reward. Either RLC will fail and go to zero or become a multi-billion dollar essential ecosystem for dapps. There is no in between.

[Anonymous No.12228551]

>>12228464
>>12228540
hell yea boys we're gonna make it
exactly, shit i almost like when they fud it because if it drops lower I can just buy 10x more

[Anonymous No.12228663]

>>12227903
>A high volume will give the RLC token value and the price will thus rise

why the two things should be connected one to each other?

[Anonymous No.12228911]

Ok guys so I’m officially done accumulating. Bought over 200k rlc this week alone along with tons I had before. See you guys on the moon

[Anonymous No.12228963]

>>12228663
because people buying and selling RLC at a high volume and using it/staking it for computations/who the fuck else knows what crazy dApp someone eventually makes will make the ecosystem way more valuable over time

[Anonymous No.12228989]

>>12228963


OK, understood, a little bit like bitcoin and the dark markets.
I hope we make it in 2020 anon. I have literaly the tears on my face. I love you

Screen cap this post, in this Christmas night