DIGITAL OIL

[Anonymous No.20669158]

I can't believe some of you still don't understand what this technology does.

It's a fucking market place with monetary and reputation based trustless computing/data renting. Meaning anyone currently using AWS can switch to iExec and save a LOT of money because the competition on the iExec market will be high thus the price will be "the real price of computation and data" and not "the upcharged price by centralized nigger clouds".

Also with v5 it allows all coding languages which is a really big step and will really increase adoption as the word spreads. I assume if they run marketing campaigns it'll take off very quickly, and since you need at least 5RLC to get started I assume the price is going to go exponential like ETH or BTC.

The world of hobbyists and devs is about to BTFO the entire cloud providing space. It even has no security worries since it's not run by Google trying to steal your data. Within 10 years centralized clouds will no longer be a thing. I guarantee that. NOTHING can compete with an open market, and as /biz/nessmen you should know that.

[Anonymous No.20669209]

>>20669158
>centralized clouds will no longer be a thing
this
>/biz/nessmen you should know that
that

[Anonymous No.20669277]

>>20669209
Just imagine this.
>Johnny is a super smart little 13 year old with a really nice 2000$ gaming PC.
>He sees an ad, "rent your gaming PC for money, on iExec: The Computing Marketplace"
>Johnny sets his computer up to be a worker on a random workerpool for some businesses machine learning program
>Johnny is now making 5-10$ a day or more in profit just by running his gaming PC while he sleeps
>His PC is now free after less than a year of working

I can't believe no one is talking about this

[Anonymous No.20669348]

>>20669277
but there is literally nobody using it right now man how will Johnny get the money where there are literally no users

[Anonymous No.20669389]

>>20669348
Adoption phase starts now.
Over time it will get exponentially larger as word grows about this new blockchain technology.

[Anonymous No.20669397]

>>20669277
>Johnny's PC was paid for by his parents.
>Johhny's parents also pay the electricity bills for his PC running at high cpu load 24/7.
>Johnny's income from iExec was actually less than the electricity cost of running his PC.
>If Johnny had only asked his parents for money upfront they would have spent less, and he would have made more.
>Johhny is a fucking retard.

[Anonymous No.20669439]

>>20669397
>He doesn't understand how much computations for machine learning will cost or any form of high tier multi-party computation
>He doesn't realize the value of RLC will most likely appreciate for a long time thus Johnny will make money no matter what

[Anonymous No.20669454]

>>20669348
There is literally nobody using crypto beyond simplistic adaptations at all. It’s a speculative market on potential, dumbass fud.

[Anonymous No.20669512]

>>20669397
ooo also
>he doesn't know about the energy positive workers
>he doesn't know anything about iExec or economics on biz

[Anonymous No.20669561]

>>20669439
>If johnny's belief is that RLC will appreciate, he should just buy the token. By doing that, he is exposed to the RLC price and nothing else. Running jobs is an investment venture that has exposure to additional factors (such as operating cost) that Johhny is very unlikely to have a competitive advantage on.

[Anonymous No.20669586]

>>20669561
>he wants to see what it's like to be able to get free money by renting his pc
>he can also buy the token
>he thinks running jobs is an investment venture when people were mining bitcoins on laptops to obtain bitcoins
If you didn't know by now, iExec is unfuddable.

[Anonymous No.20669598]

>>20669561
Also, to fuck your shit logic even harder.

>Why not just buy a house and let it appreciate instead of renting it out or putting it on Airbnb dude? Don't you understand the operating costs??

Fucking subhuman KEK

[Anonymous No.20669611]

>>20669561
iExec is the Airbnb of computing and data.
>Just let it sink in Raaj

[RLChadington Thundercock No.20669817]

N S M D O

[Anonymous No.20669919]

>>20669817
Based.

[Anonymous No.20669990]

>>20669277
>>20669397
>>20669439
>>20669561
>>20669586
>>20669598
Fudder is correct, but meet halfway here and see the real value. While little Johnny doesn’t have the expertise or resources to monetise his gaming pc, big Johnny has been to university and sees how oligopolistic industry’s accrue significant transaction and management costs versus smaller more agile firms. Big Johnny can see that his small mining farm is viable to provide lower cost computations with better latency that centralised providers and in the era of 5g he decides to open 30 distributed servers in the basements of his apartment complex real estate empire, negating fixed costs, routing heat output into thermostatic climate control, and further driving his competitive advantage. Big Johnnys big Johnny gets noticed by other industrious Johnson’s and the mid tier computing market drives centralised organisations onto the RLC blockchain in o Eder to compete.

[Anonymous No.20670022]

>>20669990
Fudder is not correct. The price of computations will outvalue the cost of electricity for a single user and not a datacenter.

[Anonymous No.20670074]

>>20670022
It’s not necessarily true, retail electricity is more expensive and itself has fixed base rates, hardware accrues depreciation costs that Johnny likely can’t account for on the basis of his small scale. Not to say Johnny won’t be able to play a role when fog/edge is feasible.

[Anonymous No.20670113]

>>20670074
You are acting like centralized centers don't suffer from hardware issues constantly lol. Depreciation cost is just a cop-out. No one would mine if that was the case.

I'm just saying, the cost of computation will outweigh the cost of electricity especially as time goes on, electricity will get cheaper

[Anonymous No.20670128]

THE BOTTOM IS IN!!!

[Anonymous No.20670294]

>>20670113
I specifically said that large firms have higher costs vs smaller mid tier firms. I’m talking about RLC changing the barriers to entry in an industry and ultimately the broad based structure of it, economies of scale etc.

[Anonymous No.20670324]

>>20670294
Oh sorry I guess I read that wrong, it's late.

Yeah for sure, iExec is definitely going to change all sorts of barriers but it will take some time. My guess is 1-2 years before we see any real "woah this is happening" adoption.

I just don't agree with the whole "johnny can't profit" motive, especially as time goes on and electricity gets cheaper with new tech.

[Anonymous No.20670463]

>>20670324
Yeah sorry my autism is going off the charts right now kek

[Anonymous No.20670495]

>>20670463
All good, same. I'm just excited about this thing man. It's going to be huge

[Anonymous No.20670517]

>>20670495
Yeah its fun. Watching it evolve is gonna be fun too. Especially getting a worker up and earning rlc during the adoption stages and stacking up

[Anonymous No.20670684]

>>20670324
I’m just looking at the structure of the current cloud market and how RLC will disrupt it and it seems extremely viable. The real problem standing in the way is adoption, but I don’t see that happening without significant capital inflows into the entire market to fund development and offer opportunity. Last run saw some decent development but really we weren’t there yet in any viable form. Next one we should see real seeds planted and have enough infrastructure in place to facilitate the great change.

[Anonymous No.20670810]

>>20670684
What investments really need to be made though? Once the marketplace is live, it will start small and gradually grow in size. Can begin entirely grassroots

[Anonymous No.20670832]

>>20670810
Thats the hype part. It will probably start with small businesses using it, one at a time

[Anonymous No.20670854]

>>20670684
Well hey bud, adoption is next! iExec is here. Lets all get on board already. I want every hilarious and smart fucker on biz to make it with me.

[Anonymous No.20670874]

>>20670854
I'm sitting pretty with 8k

[Anonymous No.20670875]

>>20670810
Yep! This is def the idea, but giant corps will join too eventually.

>>20670832
Yea its either that or microsoft joins on the 30th

[Anonymous No.20670888]

>>20670874
Almost 1/10000th of the supply. You are 1/10000 people that can ever own that much.

10000 people. Not that many.

[Anonymous No.20670913]

>>20670888
Holy shit those digits.
888
8k
Its destiny
Checked

[Anonymous No.20670936]

>>20670913
Based prometheusposter

[Anonymous No.20670996]

Can anyone explain to me what’s the difference with Golem (GNT). This coin has more years of development right?

[Anonymous No.20671014]

>>20670996
GNT is a logistics nightmare with a lazy team and zero direction. They are actually redoing their coin it's that bad.

This coin has "technically" been worked on since 2001 when gilles developed the core of it for grid computing. Then in 2016 made iexec.

[Anonymous No.20671042]

>>20670996
Golem also received the largest ICO fund in eth history. Worth hundreds of millions of dollars today

[Anonymous No.20671049]

>>20671014
Iexec has been around is 2012 actually

[Anonymous No.20671080]

Golem actually put out a little project this morning. I think its an app viewer for linux or something. Intel was involved. Good for them

[Anonymous No.20671083]

>>20671049
https://www.slideshare.net/mobile/GillesFedak/active-datapdsw13

Gilles’ body of work is insane desu

[Anonymous No.20671130]

Moon time boys!

[Anonymous No.20671142]

Ranjeet’s Lucky Curry (RLC) is a cryptocurrency scam run out of a basement at the department of sewage and waste in Mumbai, India.

The project was founded by French pedophile and petty criminal Giles Fedak who saw the potential in running an India-based scam after one of his bi-monthly child-brothel visits in the Mumbai slums.

The scam took off on a Mongolian basket weaving forum where a breed of imbecile known as “midwits” fell for the grand delusions spouted by the scam’s Indian marketing team.

While the scam itself has already begun collapsing in on itself, the marketing team continues to work hard promoting the project, posting multiple threads a day and sucking in more useful idiots.

[Anonymous No.20671180]

>>20671142
Sigh

[Anonymous No.20671199]

>>20671049
Oh shit, yea I mean on the market. That's cool though, really shows they care

[Anonymous No.20671217]

>>20671049
Can you share that website? I wanna read it

[Anonymous No.20671410]

>>20671083
>>20671217

Click the link, you’ll seen Gilles’ ppts from the past 10 years on the subject of grid computing.

[Anonymous No.20671420]

>>20671410
ty

[Anonymous No.20671467]

>>20671420
Np, you’ll see the previous uploads on his profile

[Anonymous No.20671505]

Another tidbit from 2013 from Gilles’

[Anonymous No.20671540]

>>20671505
https://scholar.google.com/citations?user=8UEfrTEAAAAJ&hl=en#d=gs_md_cita-d&u=%2Fcitations%3Fview_op%3Dview_citation%26hl%3Den%26user%3D8UEfrTEAAAAJ%26citation_for_view%3D8UEfrTEAAAAJ%3AL8Ckcad2t8MC%26tzom%3D420

[Anonymous No.20671635]

>>20669158
RLC is the most midwitted coin in biz. Nothing frivolously dumb but does not solve real problem either.

[Anonymous No.20671654]

>>20671635
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

[Anonymous No.20671672]

dw guys earlier spill is under control. we're only going up from here

[Anonymous No.20671675]

>>20669277
This will never happen and is a dumb idea.
Replace Johny with Chang and his 500 GPU farms mining at loss after he got rekt by FGPA and now you have a plan.

[Anonymous No.20671683]

>>20670810
Yeah I mean I’m really envisioning a highly developed economic model, but in reality there is huge inefficiencies that will be capturable for long periods of time before the market can catch up

[Anonymous No.20671687]

>>20671675
KEK STAY DUMB AND POOR

[Anonymous No.20671697]

>>20671049
Say it with me:
LABOR
OF
LOVE

[Anonymous No.20671718]

>>20670684
iExec only really needs a single Dapp widely used by Ethereum to take off.

[Anonymous No.20671737]

>>20671687
It's alright, you can be a dimwit and still make it by holding RLC.

[Anonymous No.20671859]

>>20671718
Yeah I mean cryptokitties is the go to dapp when you look at last cycle and how the tech started to get utilised, next cycle is going to have broader and significantly more powerful resources behind it, wealth is going to be greater and more widely distributed and much more sophisticated software will be deployed to take advantage of it.

[Anonymous No.20671979]

Release the oil

[Anonymous No.20672045]

D I G I T A L
S H I T

[Anonymous No.20672049]

its going to keep climbing...r...right anon?

[Anonymous No.20672060]

>>20672049
It hasn't broken downtrend yet I think but hopefully

[Anonymous No.20672064]

>>20672049

Yes $1.10 is support now

[Anonymous No.20672599]

>>20672064
See you at sub 1$ this weekend jeet

[Anonymous No.20672617]

we pumping or dead cat?

[Anonymous No.20672631]

>>20672617
Pumping for no reason think for yourself

[Anonymous No.20672647]

>>20672631
>no reason
>>20672631

[Anonymous No.20672862]

>>20669158
>web3 + AI
personally, I'm comfy

[Anonymous No.20672916]

>>20669158
AI and blockchain are the future. A brainlet could see that.
You need a lot of computational power for AI and using a centralized service like AWS would defeat the entire purpose of a blockchain.
It's a new paradigm shift and not just to "save money".