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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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16142379 No.16142379 [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.16142476

>>16142379
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.16142787
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16142787

>>16142379
moon this shit skip the moon + straight to mars.

>> No.16142798

>>16142379
no one is buying your indian bags

>> No.16143046

Yeah why wouldn’t you just pay amazon or buy a server? You don’t know where the data is going.

>> No.16143062

>>16143046
>trusting amazon with your data
You don't need to know where the data is going because it's secure thanks to SGX.

>> No.16143069

>>16143046
And also any bad actors lose reputation and stake. Amazon won't police themselves.

>> No.16143093

>>16143069
>any bad actors lose reputation

So? Just lie lurking for months and accumulate info them sell everything and leave.

>> No.16143125

>>16143093
That's not how it works. Also iexec's market will make cloud computing cheaper and centralized companies won't be able to compete

>> No.16143157

>>16142379
this digitail oil is worth less than a dogshit so fuck off giles

>> No.16143560

>>16142379
I want in. How do?

>> No.16143633

> digital oil
can you refine that into digital gasoline to fuel your digital car?

>> No.16143653

>>16143633
Yep. iExec's platform is all-inclusive. Decentralized oracles and everything to make it easy and intuitive to use. Once they update the UI/UX you will see the bigger picture.

>>16143560
Airswap or kyber if you're a burger.
>>16143157
Kys nignog

>> No.16143785

>>16143653
>RLC
What about integrating into games? I've been working on a big one for a while and was planning to make something like RLX to go with it... but it's already there...

>> No.16143839

>>16143653
>actually shilling

>> No.16143852

>>16143653
when is the /biz/ airdrop?

>> No.16143859

>>16143839
Just trying to help my dude. It'll pump soon.

>>16143852
All of this information is the biz airdrop.

>> No.16143868

>>16143859
No, you have to actually send it or you will be cursed by Kek for being a total fucking faggot.

>> No.16143882

Please delete this.

>> No.16144002

Your digital oil just catched a fire and is never coming back.

>> No.16144034

>>16143882
Oh no no no
>>16144002
It's gonna catch fire and explode to 10000$ a coin

>> No.16144117
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16144117

>>16144034

>> No.16144975

>>16142476
salty linker mad his secret clubhouse isn't full of gravel threads.

>> No.16145430

The tranny fucker himself called it digital oil? Wow, it must be legit thank Vishnu I have this opportunity to buy 23.7 RLC with my life savings of rupees.