Critical thoughts on RLC

What're your guys' thoughts on RLC? How does this project compare to other blockchain computing services like Golem? As far as I can tell, iexec has the advantage of good developers, SGX capabilities, and is already up and running. It's also a relatively low supply. What would it take for this to start to take off pricewise?

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Better yet, is blockchain decentralization really what cloud computing needs? Is this a worthwhile application of the technology? Somehow I have a hard time imagining that the low-cost trust that blockchain provides really offers an advantage over existing centralized cloud computing. Seems like perhaps another adaptation of existing services to the blockchain without great reason. Would be interested to hear the thoughts of people more invested in the project.

>Better yet, is blockchain decentralization really what cloud computing needs?
good question. the answer seems to be nobody knows yet. having a super secure network that can't go down are the two main selling points. remains to be seen if there's a huge market for that or if 95% will stick with centralized offerings

Reducing cost of computations is also a selling point. iExec wants to be a decentralized marketplace for computing, where different cloud providers compete for price/security of computations. If major companies get their computing costs reduced by 5%, 50%, or 90% thanks to iExec, they won't think twice before switching from traditional cloud providers to iExec,

>CMC rank 165

LOL. Get serious brainlets.

I think you're right on that. but one thing centralized services don't seem to lack at the moment is reliable availability--- lots of redundancy, servers, etc. I've found it very rare that a good online service is ever down when I need it. Blockchain's reliability seems to come in areas where cheap tamper-proofing is necessary, often where lots of money is handled and fraud occurs; situations where a third party or middleman has traditionally been necessary to create trust. Is that really a criterion cloud computing meets?

If anything, I can only imagine security becomes more of an issue with blockchain computing, as everyone's transactions and data are being dealt with publicly on the blockchain. I get that this is where SGX comes in, obscuring the computations from the computers running them, but my lack of knowledge of details in the project limit my further understanding of its security. I don't know how the computed data itself actually gets handled and transmitted or where (is it encrypted?).

Just trying to keep a larger perspective on some hyped projects and whether they are suited to blockchain. I also have huge misgivings about the rationale of asset tokenization projects like RVN and FLO. Some big problems in their concept.

This is very true. As I wrote above, blockchain in a very basic way could be seen as a way to cut out the middleman--- it organizes services using code rather than people or organizations. The latter a) operate for profit and b) could be seen as charging a premium for connecting you with a trusted service. Blockchain in this sense could be seen almost as a form of automation.

iExec will also allow to mine other coins without actually owning the hardware that computes it. Will be a big thing in 2020. There's already a demo working for XMR.

Wow, that's actually a really cool concept. Hadn't thought of that. So basically it would be like applying blockchain to mining pools and minimizing as much as possible the "cut" taken by the entity that organizes the pool

You seem serious. Have you read their paper? If it doesn't contain the information you need, you could probably get a developer's response from their slack.
slack.iex.ec/
How would that be profitable? Won't the cost and the mining income converge until they're equal?

>Trusting French developers

Never again.

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Can you elaborate?

the thing that excites me the most about "fog computing" is that decentralizing the cloud means you could have a large data center like a traditional cloud computing center IN ADDITION to potentially millions of IoT devices. idle computers or mobile devices giving up a small bit of their power to run computational events. isnt that what RLC is gearing up for? thats how i understand decentralized cloud computing.

also, you have to think about how much cloud computing costs large companies today. (hint, its a lot. millions of dollars a month in some cases) and additionally how expensive this type of computing will be in 5, 10, 20 years as the world comes even more online and as we unlock new technologies that need huge amounts of computer power. data is the new oil as they say

I'll have to give it a proper read. Being lazy by asking biz :)

Yeah I would be curious to know the numbers. If that is the big draw to fog computing then cost is the kicker.

>IBM partnership and Intel collaboration
undervalued as fuck

the ceo has been cited over 3000 times in relation to cloud computing and has been in the field for around 20 years. golem based their entire project on his work.

the only FUD is the "tokenomics" which isn't even finalized yet

they don't seem to give a fuck about the token itself. at best it's an afterthought

One of the most legit projects in the space and poised to dominate the fog/off-chain computing market.

The token is also 100% useless/superfluous. It's strictly a payment coin for services rendered. There's no staking, burning, or other lock-up mechanism to render the token more valuable as adoption mounts. You can just buy the token off a dex as needed, and the recipient can (and will) cash it out again as soon as they get it. RLC could get so big it rivals AWS and there's still no reason the token should be worth more than a few pennies.

Theres staking in PoCo. Are you retardeded?

I would like a token burn but at least dont lie.

short-term trading at 1/3 of the RLC cost for the computation. might as well be non-existant

Staking quantity is decided by the task provider. Also the ammount of time it's staked might depend on how secure the execution must be so other "contributors" have time to check if your results are right.

i'm holding 20,000 of these with an investment horizon of 2022. it's a longshot, but could pay off big

Their Youtube channel has a scammy marketing image. Pretty good sign to stay away from this.

investing in french projects is a surefire way to lose all of your money

>Using YouTube to measure how good or bad a crypto is

Stick to buying Tron

This is what I came to last time I spent some time on it as well.

So tokens that don't have gimmicks shouldn't exist?

I don't buy chink marketing scams you frenchjeet faggot. Your shitcoin is on par with XYO going by how they market themselves in this space.

youtu.be/a6PfnQBhNjk

>Blockchain in this sense could be seen almost as a form of automation.
Reliable automated handling of massive transactions, and does so in a way that eliminates slippage is a selling point.

Is the question that it would be facilitated via cloud computing what makes some skeptical?

I thought FLO was PnD bullshit, but everyone should seriously do some digging on this project. It's been around since 2013 and its main benefit is storing metadata/notarizing. Not sexy, but extremely important. Messages can be up to 1024 bytes, so pretty significant. BCH is 256, so 4 times as good as BCH. Additionally, something called Open Index Protocol is built on top of FLO and will always use FLO for storing metadata. OIP has pretty significant implications if you look into it. It will allow people to build something like a decentralized YouTube on top of it, or maybe a social media platform that allows the user/creator to be fully in control of their content. Essentially Alexandria will be the layer that brings all of this content together in one place and everything built on top of that can decide which content they want to support. Really interesting desu.

Some people may argue that writing to the FLO blockchain requires only a little FLO, and this is true. However, if this actually gets adopted, which we are seeing from tZero , ETDB, and Medici Land Ventures that there is already interest, then the price of the token will likely gain value from being used more and more as well as speculation from investors seeing it's potential use cases. Those two things combined could make the price rise pretty significantly. FLO is one of those projects that seems super boring, with limited use case, until you step back and see how useful it really could be going forward.


OIP Explanation
youtu.be/9fJJf6DMLig>12268657

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So good team, good idea, useless token?

Shit team, shit marketing, shit idea, shit token

Shit bait, shit nigger, shit cuck

GIVE ME MY FUCKING MONEY BACK RIGHT NOW

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ok enjoy losing all of your money then lol