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/biz/ - Business & Finance


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16140842 No.16140842 [Reply] [Original]

Reminder that Gilles himself considered RLC to be analogous to digital oil.

"iExec introduces a new paradigm in cloud computing: it allows the trading of computing resources as commodities; in the same way we may observe with resources such as oil, gold or rice.

To understand the benefit of a global market for computing power, let us draw comparisons with the oil market. When you are stopped at a gas station, filling your car with oil, you have little to no idea where that oil comes from or how it arrived at that gas pump. There is an entire industry behind the scenes, that has standardized the whole process from petroleum extraction, to processing, to transport and delivery, and eventual utility being consumed by vehicles.

Now take the example of an application developer. A developer needs resources too, in the form of computing power from cloud vendors to ‘fuel’ his applications. However, in contrast, they do not have the luxury of benefiting from an organized and global market with abundant choice of vendors and competitive prices.

Let’s imagine you are a driver in the same situation, with no choice but to fuel a car in the same way developers fuel their apps. Being a driver in this case, you would have to call a specific Iranian or Venezuelan extractor to organize oil transported directly to your car. What’s worse is that, because each oil company produces its specific oil without standardization, the driver would probably have to process or ‘transform’ the oil so that it is compatible with his car. Today, this is the situation developers find themselves in, in the current age of cloud computing."
-Gilles

This is the last few days you will be able to buy under 1$.

>> No.16140863

>>16140842
That dump got ya SHOOK huh?

>> No.16140864

Holy shit haven't you rlc cucks ever heard about chainlink?

>> No.16140943

>>16140842
Hi satsgang / cryptowolf / iexecmonopoly and whatever other pajeet tier pump groups are trying to spam biz.
Yes, we see you. No, we still aren't interested in your 20 threads an hour spam forced shitcoin memes.

It goes in all fields and is hidden.

>> No.16141046
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16141046

>>16140863
>>16140864
>>16140943
>they don't know

>> No.16141101
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16141101

never forget