iExec holders please counter this

[Anonymous No.20655350]

I am extremely low on hopium...I need this to be answered for the sake of my spirits. Please answer this in a smart manner without saying digital oil or super-computer...for my sake

[Anonymous No.20655555]

>>20655350
Hello world

[Anonymous No.20655610]

>>20655350
ask that guy >>20655104

[Anonymous No.20655615]

>>20655350

You gotta cap my followup too

Actually, I just realized it IS digital oil, in that you cannot actually use oil for anything without running it through a complicated and expensive refining process, at the end of which you get a product you can actually use to do work, like gasoline or diesel.

Both of which are readily available in convenient locations in any quantity you could reasonably desire to use, with no need to fuck around with any of the above.

So "digital oil" is actually perfect. Bravo.

[Anonymous No.20655620]

>>20655555
Wassa wassa quints... Looks like I'm buying more rlc...

[Anonymous No.20655732]

Too dumb for me to even comment on. For one, Azure is centralized.

[Anonymous No.20655747]

>>20655350
>same fud as LINK
fuck off pajeets

[Anonymous No.20655802]

>>20655732
But thats the thing he is saying isnt it? Centralized solutions are easier for companies to develop on and can instantly access without any hassle what is the value of using a decentralized solution?

[Anonymous No.20655827]

>>20655802
>Centralized solutions are easier for companies to develop on

iExec is extremely modular and easy to integrate. You need to research before you end up poor listening to idiots on here

[Anonymous No.20655860]

>>20655747
Fuck off shitskin

[Anonymous No.20655861]

>>20655350
This applies to 95% of crypto. This whole space is a joke and will collapse before 2022

[Anonymous No.20655884]

>>20655732
>c-centralized

So fucking what, how does that matter to Johnny CTO

>well this service requires a Rube Goldberg scheme of buying internet coins in order to pay for it, creating a capital gains/loss nightmare for accounting, why the fuck would we do that
>w-well it's decentralized

[Anonymous No.20655927]

>>20655827

What is the advantage over Azure or Amazon or Google that could possibly justify the fuckery of paying for it, rather than clicking "Pay Now" on a website and being done with it

[Anonymous No.20655951]

>>20655884
>what is profit motive
stay poor

[Anonymous No.20655980]

>>20655927
>>20655927
refer to >>20655951
the "use" of iExec will get easier, faggot retard. Ever use technology when it wasn't easy to use?

Shut the fuck up.

[Anonymous No.20656018]

>>20655802
Theres a million reasons my man.
-avoids single points of failure
-data is far, far more secure on a decentralized platform
-costly equipment can be idled
-access to far greater computational power
-assets (now computing power) can be directly monetized
-increased ability to share data with others outside of the otherwise centralized infrastucture
And more

And think about this. Youre a young startup business. You dont have a server farm or the infrastructure to process large amounts of data. Well, with iexec now you do.
It is massive. It is world changing technology.

[Anonymous No.20656062]

>>20656018
Not all companies have the server farm or infrastructure so they use centralized cloud providers without any problem...

[Anonymous No.20656084]

>>20655951
>>20655980

lmao, so the whole thing is based on the HOPE that this could possibly offer enough savings to offset the accounting nightmare that it is GUARANTEED to cause

Best of luck with that.

>>20656018
>And think about this. Youre a young startup business. You dont have a server farm or the infrastructure to process large amounts of data. Well, with iexec now you do.
>It is massive. It is world changing technology.

Holy fuck, are you not aware of Azure/Google/AWS

[Anonymous No.20656151]

>>20655350
Again, iExec isn't a competitor, it's a global marketplace, Azure and co lose nothing participating.
It means everyone from some chink GPU miners to Finland data centers can sell computing power, it turns computing power from a service to a global commodity.
Finally for off-chain computing connecting to smart-contract you NEED something like iexec, you can't use a centralized provider to power a Dapp without defeating trustlesness, censorship resistance and resilience.
The transaction is the exact same FUD as with LINK btw.

[Anonymous No.20656181]

>>20656084
AGAIN, DECENTRALIZED CLOUD IS FLAT OUT BETTER AND MORE EFFICIENT TECH
SO WHY WOULD THEY USE AZURE
AWS AND AZURE SUFFER OUTAGES
ITS COSTLY
SO YOU CHOOSE A DECENTRALIZED OPTION
AND WHAT RESOURCES YOU DO HAVE, CAN BE EASILY MONETIZED USING THE FUCKING DECENTRALIZED CLOUD
IT IS THE SUPERIOR CHOICE YOU ABSOLUTE FUCKING GRUG

[Anonymous No.20656234]

>>20656084
see
>>20656181


also
>why do companies want to use iexec to make more profit
kek

[Anonymous No.20656241]

>>20655884
>>20655927
>>20656084
Dude. I invested in the Chainlink ICO. Granted, I sold early but I followed the FUD threads here for years. What you are saying is a near identical criticism that was used against LINK every day

[Anonymous No.20656319]

>>20655555
5 5s halllly shiettttttt

[Anonymous No.20656356]

>>20656181
>BUZZWORD
>BUZZWORD
>yelling rather than arguing

Imagine I'm a CTO who's happy with his AWS cloud services. I just met with the CFO and proposed using volatile internet coins to pay for what we've already got, creating thousands of capital gains/losses events rather than a single payment, and he punched me in the nose. Tell me what to say to him so the CEO stops laughing at me.

>>20656241
>desperation
>fellow 4chan users this is just like the other successful coin!

You realize that makes no sense, right? Chainlink is an oracle interpreter. This is "digutl ohl"

[Anonymous No.20656489]

>>20656018
The main issue here is that they're too dumb and look at the present instead of the future.
They're like "why would I need a supermarket with products from everywhere on the planet when I can go see John and buy turnips and eggs directly from him?".

They don't understand that actually using a token (even without going into the details of why it's needed for the consensus) is in fact a lot faster, more practical and cheaper for a transaction between a small chinese cloud provider and a brazilian client.

They don't understand that there is no contracts to sign, no registration to do, no anything, you can switch to any provider you want anytime you want on a single unified interface.
They don't even see how much problems (being in terms of costs, privacy or flexibility) are solved by a global dataset and cloud marketplace for things like IoT or smart-cities.

[Anonymous No.20656581]

>>20656489
>is in fact a lot faster, more practical and cheaper for a transaction between a small chinese cloud provider and a brazilian client

Holy shit I didnt even consider that.

[Anonymous No.20656668]

>>20655350
>implying LINK won't automate the whole process and get entirely rid of excelmonkeys

[Anonymous No.20656753]

>>20656668
Doracles are more superior than links oracles
What rock do you live under dude

[Anonymous No.20656759]

>>20656356
doesn't matter. Same arguments were made

>no corporation will use a volatile token
>they will make their own
>there is no financial incentive

[Anonymous No.20656815]

>>20656668
lol linkies are so deluded

[Anonymous No.20656824]

>>20656759

lmao oh my god, you actually have no argument

I hope nobody seriously falls for this retarded scheme

[Anonymous No.20656839]

>>20655350
lol its funny how all the rlc memes (including digital oil) comes from chainlink.

[Anonymous No.20656845]

>>20656824
>t. doesn't understand the implications of a worldwide market for supercomputing cloud computing and data renting
kek stay poor dunning

[Anonymous No.20656850]

>>20655350
FUCK YOU 4CHANNERS I BOUGHT THIS DIGITAL SHIT BEFORE THE ETH PUMP I HATE YOU ALL AAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.20656878]

>>20656824
neither do you do

[Anonymous No.20656983]

>>20656850
Then sell for a loss and buy like 5 eth for all of your savings lmao

[Anonymous No.20656991]

>>20656018
why would they just use legacy systems connected to an oracle service?

[Anonymous No.20656993]

>>20656845
>doesn't understand that the organization who actually require those services at scale will just pay for them in cash, like they currently do, thus not creating thousands of capital gains/losses events per day

>>20656878
>hur
>dur

I've made it pretty clear -- even if this could somehow cut costs to half of what Azure charges, which it can't, no enterprise will ever use it.

In fact, actually, this whole iExec protocol could run perfectly fine on USD. It does not need a volatile token.

>>20656850

Did you not realize that oil is basically useless in the real world, and that if you owned oil and needed to do work with it, you'd have to run it through a complicated and expensive process of refining before you'd end up with some gasoline or diesel you could actually put to use? Which nobody will ever do because you can just buy gasoline or diesel pretty much anywhere in any quantity you want?

In that sense "digital oil" was a perfectly accurate descriptor and you can't blame these guys lmao

[Anonymous No.20657017]

>>20656993
>what is being outpriced by a worldwide market

[Anonymous No.20657055]

>>20656993

[Anonymous No.20657084]

>>20656993
>thus not creating thousands of capital gains/losses events per day
Fucking this

[Anonymous No.20657178]

>>20657017
>>20657055
>look mom I screencapped myself!
>pwnt!

lmfao

crypto-to-crypto events are taxable, you greedy retard. In order for any enterprise to be tax-compliant, using a volatile token to pay for computing creates an accounting nightmare. Every single transaction must be recorded, with the token price at that moment. How many transactions per hour are we talking about for a large enterprise? Now extrapolate that through an entire year. Take off your moonboy blinders and think about it. No CFO is going to sign off on this.

Maybe, if the token were a stablecoin pegged to the USD, or even USD itself, this could work. But it's not. Why not?

[Anonymous No.20657179]

>>20656993
>thus not creating thousands of capital gains/losses events per day
Where did you come up with that idea?

[Anonymous No.20657195]

>>20657178
>crypto-to-crypto events are taxable
>the absolute state of iExec fud

[Anonymous No.20657214]

>>20657179
>>20657195

https://news.bitcoin.com/irs-now-requires-tax-filers-to-disclose-crypto-activities/

[Anonymous No.20657224]

>>20657214
oh my god what have i done. this is going to 0

[Anonymous No.20657271]

>>20656668
Chainlink doesn't have a consensus protocol like PoCo, a sidechain, a TEE or any distributed computing framework like XtremWeb.
In fact Sergey acquired Town Crier but for some reason they still haven't been able to implement it on SGX, they bought a concept from Ari Juels, not an actual tech.
In the meantime iExec hired Lei Zhang who actually worked on SGX at Intel and they have trusted enclaves working since 2 years now.

Arguably LINK has made a much better job business wise and they have the first mover advantage on the Oracle niche. But offchain computing? Even if they began today they would not compete with the V1 even in 5 years.

[Anonymous No.20657364]

>>20657224

Yeah. Think about a taxable event being generated basically every time someone runs a line of code. Big business will be chomping at the bit for this service! Accountants will be rich!

The thing is, the protocol would've worked fine with a stablecoin, which could have actually been used by a business, because the capital gain/loss per transaction would be basically zero. Or even USD itself! But then, a stablecoin wouldn't make the devs rich before the inevitable dump.

[Anonymous No.20657405]

>>20657364
i do not believe the devs have any intention to get rich from this coin. they made over thousands of BTC from the ico and are already very wealthy

[Anonymous No.20657489]

>>20657214
Only for mutts and the US is dying anyway.

[Anonymous No.20657533]

>>20657405

God bless then. Maybe they are in fact honest to god tech nerds, who only considered the technical aspects of the project -- but as a commercial solution it's stillborn because of tax reporting requirements.

[Anonymous No.20657760]

>>20657214
>https://news.bitcoin.com/irs-now-requires-tax-filers-to-disclose-crypto-activities/
Yeah and what does that have to do with companies using iExec?

[Anonymous No.20657788]

>>20657760
>Yeah and what does that have to do with companies using iExec?
>what does tax law have to do with corporations?

I advise you to just buy mutual funds.

[Anonymous No.20658086]

>>20657364
RLC has better properties than a stablecoin in many ways:
- you can secure the sidechain with transactions validators staking
- it allows governance of the protocol
- it acts as incentive to maintain and develop the protocol that isn't reliant on direct corporate funding
- it's neutral (decorelated from any state currency)

USD can't work in a decentralized environment simply because of how the legacy payment infrastructure works.

>God bless then. Maybe they are in fact honest to god tech nerds, who only considered the technical aspects of the project -- but as a commercial solution it's stillborn because of tax reporting requirements
Not everyone is an american living under retarded boomer law, there is no tax on crypto-to-crypto conversion in the vast majority of world.
I really doubt these dumb regulations won't evolve under business pressure in the coming years or even month by the way.

[Anonymous No.20658282]

>>20658086

I'll tell you the main difference between RLC and a stablecoin -- next year, a stablecoin will be worth $1 and RLC will be worth $0

[Anonymous No.20658812]

>>20658282
>>20657364
do you know how off chain settlement or MPP works faggot? VIDT, Vechain, and soon chainlink will do it. Customers do not have to physically handle the token, they operate in USD only. RLC can implement this easily, maybe they already are. If this is the worst FUD you've got I'm disappointed

[Anonymous No.20659055]

>>20656181
>why would they use azure
Well first of all because they've heard of it and not iExec

[Anonymous No.20659073]

>>20659055
>tfw the customer will never know they are using iExec on the backend
retards

[Anonymous No.20659176]

>>20655747
>call out RupeeLC for it flaws
>SaMe LiNk FuD
pradeep you’re not doing the needful