/biz/ - Business & Finance

I have 3469 IQ

>>12564561
then why are you buying this shitty coin?

Notice how it pumps when it gets around mid 600s. That's what we call accumulation. This is going to double while still in stealth mode.

Notice how it pumps when it gets around mid 8008s. That's what we call sexy milkies. This is going to squirt while still in paizuri mode.

>>12564561
I have a 155 IQ, I'm 100% in RLC. Buying pre-ICO and ICO price is the most obvious play of this century.
If you don't own at least 10k RLC you are going to be poor forever. Accumulate around 6500 sats. Sell at 20$.

>>12564561
I have a 1989 IQ, I'm 100% in The Berlin Wall. Buying pre-ICO and ICO price is the most obvious play of this century.
If you don't own at least 10k Berlin Wall you are going to be poor forever. Accumulate around 6500 sats. Sell at 20$.

>>12564561
Link will be able to do offchain computation with SGX. No need for this shit coin.

What are the token economics of this shit? You guys write books but skip this.

>>12564573
It's actually called, "contract chink market making", that the team pays for to control the price of their shit token.

I have sold at ~7k sats and rebought around 6.5k like 5 times now. I'm currently waiting for it to drop a little lower (I've partially bought back at 6.6k).

>>12564778
>offchain computation
Hahaha good try

>>12564778
Link is a literal shitcoin. I wouldn't touch it.

>>12564778
>Link will be able to do offchain computation with SGX.
Not understanding the difference in use case and homing in on the word "computation"?
I would say you're not gonna make it, but you are since you're in link. However, you are clearly not 145 IQ.
>>12564794
>What are the token economics of this shit? You guys write books but skip this.
The only thing that decreases token velocity apart from it being an unnecessarily enforced medium of exchange for the computation marketplace is the staking you put up that can be slashed if you provably did not compute correctly or did not deliver as promised. Basically a form of collateral to disincentive bad actors.

It is difficult to know how much that will affect token velocity. I assume far less than cases like proof of stake validation (like ethereum, nahmii, tendermint) and high value smart contract external input correctness collateral (like link).

Iirc they will come with more details on tokenomics soonish. I'm not too optimistic about token velocity, but I do think that even if token velocity isn't very high, the sheer volume of the marketplace will lead to a quite high valuation due to the two aforementioned uses (medium of exchange and collateral). I believe the volume will be massive because cloud computing will continue to grow as a larger part of our economy, and cloud providers can absolutely save billions a year from less underutilization of hardware they do have, as well as the flexibility to rent external compute resources when necessary instead of always having to have a large buffer of spare compute ability to ensure being able to serve customers at all time no matter the variance in load.

Continue >>12564883
The automated nature of renting out compute resources on the iexec marketplace also reduces overhead in both human resources necessary and in middlemen fees like transaction fees. A lot of work currently done via either dedicated hardware at home (like rendering on high end prosumer GPUs or CPUs) or via accounts based renting of compute power directly from specific providers via virtual machine can be replaced with compute over iexec in a very simple way, and will likely be intergrated in many common apps used by professionals who require compute in the future.

I'm prolly going to buy some bags but not right now. Iexec is a clear bluechip and will be a massive thing.

>>12564883
Chainlink will do this.

>>12564906
Have you seen chainlinks github? It currently barely qualifies as a json parser

>>12564906
no lol

chainlink could extend its use case to this building off its node and reputation system, but it would require a lot of extra work. chainlink is only slated to provide off-chain computation in a very limited way to smart contracts. it is not generally applicable and there is no extremely low friction market for general compute purposes. chainlink isn't economically or structurally efficient for the wider computation use case as it is currently planned to be.

>>12564890
Appreciate it but for that reason I'm out, at least for now. I see how this can be valuable but it's going to take me a lot of time to research. I need to become more familiar with how large cloud computing is/will become to start with. I will begin to poke around. Thanks again.

>>12564945
Very understandable. I'm going to sit on the sidelines too. The Iexec team is very anti-hype. They only care about talking to businesses that will actually be selling and buying compute capacity, and to some extent prosumers. They do not hype to token investors like Holo or Tron or whatever, despite having solid partnerships enough to easily be able to do so without lying.

It is difficult for a normal person to have the sufficient combination of patience, prior understanding about the subject of computation, blockchain, understanding of effectivization of businesses and so on to really get excited about Iexec.

For this reason, I think other more intuitively understood things will moon way before, and iexec might be one of those that don't appreciate that much until there starts being actual demand from use, which is quite far away right now.

Like everything, it will probably recover somewhat in the next bullrun. Maybe 10x. But there will be other stuff that will easily go 50-200x despite being less important fintech in the long run with less marketcap via organic demand potential. There are also projects that are similarly under the radar that are on the same or even higher tier of importance than iexec when it comes to the 4th industrial revolution (automation, low friction) in the sphere of finance that are even more grossly undervalued and absolutely will be making a ruckus that will catch the eyes of crypto speculators (unlike RLC).

>>12564945
cloud computing is a 500b marketcap in 2020
iexec will take 10% of that by 2023

if iexec takes 1% that's a 312x from now

>>12565016
Good points. I think though that some smart money will ride it up though from 140 maybe into the top 80 in the short term.

>>12565016
I agree, Chainlink is more than capable of eating RLC'S brunch.

>>12565078
No. It's good for a certain level of computing but you need something bigger for the big time computation needed in IoT and AI systems

>>12565078
delusional linkies thinking their coin can do everything

>>12565095
So someone couldn't fill a warehouse with computing hardware and connect to Chainlink?

>>12565106
What would be the use? Chainlink is an oracle solution not a cloud computing/fog computing/general computing/dApp platform and marketplace. You can't seriously think LINK is capable of doing what RLC is.

You fucking link holders make me second guess my judgment damnit.

>>12565157
You're being stupid. It's just different hardware capable of ??? computing running a Chainlink node instead of a AWS server. There's no reason someone couldn't offer nodes capable of computing on the marketplace the same way SGX nodes will be offered.

>>12565183
Even if it were possible that chainlink could do intensive computing it would never be able to keep up with specialized technologies like iExec. The latency of using chainlink for intensive computations would be massive in comparison to iExec.

Also, I trust a team of PHD's/pioneers in grid computing over some asspie that wears the same clothes as a meme and can't even talk about his own coin.

>>12564561
ur dumb

>>12565209
I win. Enjoy bamboozling simpletons.

>>12565217
>says "I win" unironically
>thinks he isn't a simpleton
Prove to me that chainlink can do secure, verifiable, and fast computations with sources.

The most you'll find is town crier which won't even hold a candle to what iExec is doing. There's a reason why Intel/IBM/Alibaba/Ubisoft/TFCloud/etc are all working with iExec and not LINK

>>12565183
>There's no reason someone couldn't offer nodes capable of computing on the marketplace the same way SGX nodes will be offered.
For one, there's no protocol for the kinds of compute agreements and compute proofs iexec offers in chainlink. It's not as simple as "it's just computation". For the off-chain computation for smart contracts with chainlink, there are limited use case specific functions that can be agreed upon via the chainlink stake/slash collateral holding and job request smart contracts.

Iexec and Chainlink only overlap in one specific use case that is a subset of both
https://medium.com/iex-ec/iexec-end-to-end-sgx-solution-fee1e63297b2

It is probable that iexec marketplace will be the better solution to this one overlapping use case due to being a more efficient marketplace for this. Chainlink might capture some of the high end value simple off-chain computation for smart contracts where massive collateral posted and extremely good node reputation are the most important considerations, like if it has something to do with extremely high value derivatives smart contracts.

>>12565183
https://www.youtube.com/watch?v=TUDO8BeeqBg

You're not going to honestly tell us that this will be efficiently done via chainlink, right?

>>12564934
No you didn't hear what he said, link will. Literarely BTFO your chink scam and all other chink scams

>>12565270
A few questions if you don't mind. Are you the one in all RLC threads, if so why? Also what are some basic ways cloud computing is used right now that I'm not aware of and is there any resources you recommend to start with on my journey to understanding this?

>>12565286
Correct. Watch when Jonny from LinkPool announces that they're going to offer "compute nodes" for computing anything RLC claims to do. There's no reason he won't offer whatever hardware there's a market for. It's that simple.

Oh my god fucking cringey link shills never stop

>>12565352
Right? I stay away from LINK because they're all tribal and retarded. 90% of them don't even understand the tech, as seen here, trying to equate link to RLC.

>>12565374
You're shitting on the wrong street, pajeet.

>>12565323
>Are you the one in all RLC threads
I post in some of them, but probably just 2-3 a month on average. I usually don't click on them unless there's some indication of fresh news in the title.
>Also what are some basic ways cloud computing is used right now that I'm not aware of and is there any resources you recommend to start with on my journey to understanding this?
Idk how to answer that. Hmm. Maybe try to first look into what kind of services is offered by one of the big ones like amazon, and go from there. I assume you're not interested in reading an entire book about the subject.
>>12565331
If you actually look into iexec you'll see that there are different standardized ways to request work for specific applications. And I mean very specific, like literally "render on blender".

You can't just "hey dude like compute my shit xD" request and throw some fucking who knows what problem that is to be done according to the workings of who knows what program at some "general like erm like compute node there's like they put hardware for it and have it connected via node via chainlink lol"

If you keep insisting after this, then I must assume you're just trolling.

>>12565424
I'd love to here you expand a bit more on iExec and cloud computing in general. I think there are a lot of us starting to become interested in it.

link makes iexec obsolete

>>12565540

i had a buy order based on my satanic trips so i bought at 666 and it went through overnight.
i kinda did it for shits and giggles and think i should probably sell now because i have no idea why this coin wouldnt dump today

>>12565942
>27
Why do you think that?

>>12564883
>>Link will be able to do offchain computation with SGX.
>Not understanding the difference in use case and homing in on the word "computation"?
Hello, anon with average IQ here, I hold RLC, could you please explain why that FUD is not effective?

>>12565942
hey i was the guy that said to do it
you put the sell too high i guess huh
it looks like theres a support at 6500 tho so idk it also just broke the 200sma so it could skyrocket

>>12565209
>Even if it were possible that chainlink could do intensive computing it would never be able to keep up with specialized technologies like iExec. The latency of using chainlink for intensive computations would be massive in comparison to iExec.
Why there should be latency using Chainlink?

>>12566175
Because of the way oracles and blockchains work. Chainlink is a great idea in that it's going to be an awesome way to get information from old systems onto the blockchain(could even be used in tandem with iExec I imagine), but in regards to computing it will not be as fast or efficient as iExec, especially when iExec reaches v5. Mainly because iExec's specialization and sole purpose is off-chain secure and verifiable computations as well as a specialized marketplace for them to occur while chainlink is simply a smart contract portal device.

>>12566207
Could you explain more exactly how iExec specializes? What in the tech stack does it?

>>12566207
>off-chain secure and verifiable computations
You just described town crier, LINKs side gig
>simply a smart contract portal device
device. portal. Kek

>>12566207
>but in regards to computing it will not be as fast or efficient as iExec, especially when iExec reaches v5. Mainly because iExec's specialization and sole purpose is off-chain secure and verifiable computations as well as a specialized marketplace for them to occur while chainlink is simply a smart contract portal device.

SGX with a computer and you can substitute Iexec. It doesn't seem so illogical

>>12566217
It's sole purpose is decentralized computing and enabling the decentralization of computing for apps via the iExec marketplace. Combining efficiency/malleability with power and security/verification(PoCo algorithm, look it up) is what makes iExec so good. Not to mention, iExec is capable of fog computing and chainlink isn't.

>>12566219
town crier is only going to enable very basic computations to take place if anything, nothing on the level of iExec.
>device. portal. Kek
Yes, LINK is essentially a "portal device" for the blockchain. For you to say otherwise shows you know nothing about LINK.

Also, when chainlink can render anything in blender let me know. Until then, LINK is simply a pipedream. iExec is already doing massive things and is severely undervalued.

>pic related, was rendered with iExec in blender

>>12566230
Wrong. Proof of contribution algorithm and the iExec marketplace in combination with the things on the roadmap will make it so nothing will ever be able to catch up or take over. iExec will eventually be the backbone of every cloud computation on the planet. See you in 4 years.

>>12564561
Pic. The same indicator LINK is going to make it is the same indicator RLC is going to make it. Slowly RLC is becoming the #2 biz crypto. Watch it become more and more popular here over the year.

>>12566241
Portal device. Lol

>>12566325
Is it not?
It gets information from outside of the blockchain and acts as a portal for that information.
Therefore, a portal device of sorts.

>>12564561
Outsource router when?

>>12566333
A portal/protocol to APIs just like http is a portal to the world wide web. Chainlink is http to the blockchain world

>>12566341
You could look at it that way.
I'm very interested in seeing what LINK can(or can't) do in the future, because it could go very wrong if they don't deliver on their promises.

But my linkies, stop comparing yourselves to iExecutives, our technologies will most likely utilize eachother someday.

>>12566355
Yeah the are actually perfect compliments. I believe Chainlink will do very well and become the standard. They are highly connected. RLC seems connected too and in a different market so no need to be aggressive towards each other.

>>12566373
Yep. I think both projects are 1000x or more, RLC may get there quicker though due to being lower MC

>>12566278
>Wrong. Proof of contribution algorithm and the iExec marketplace in combination with the things on the roadmap will make it so nothing will ever be able to catch up or take over. iExec will eventually be the backbone of every cloud computation on the planet. See you in 4 years.

Ok, but also link can implement this. THe problem is that RLC has nothing special, because with a network of PC the same POCO can be used also with LINK... do you know what I mean?

>>12566317
OP come on... the concept of memetic has its logic, but you can't only rely on that do decide on which coin to invest. It could also be that tomorrow IOTA (which is hated here) ends up to be the backbone

>>12566443
>because with a network of PC the same POCO can be used also with LINK
delusional

>>12566241
>, iExec is capable of fog computing and chainlink isn't.
iExec is not YET capable of fog compunting, it's on their roadmap.
Care to exxplain, please, anon why link can not do fog computer?
I like RLC community cause they explain... while other shitcoins (HOLO) do not

>>12566503
oh its you again
goodbye

>>12565238
LINK can do secure off-chain compute, but SGX/TEE have very limited space to run code.
IBM aknowledged that and built their SSC (Secure Service Container).

iExec is working with the companies you mentioned to help build standards for fog computing.
I love iExec, but I know that is because I haven't read enough to find the cracks.

Enjoy your weekend!

>>12566148
for people that are actually smart. i bought at 666 so i actually made a decent profit if i sell now. how much should i sell now in % like 50% of my stack or is there a solid reason this will keep going for a few days instead of crashing

>>12566382
1000x from where?

RLC needs more memes to take off

>>12567477
I rebought at 650 and sold at 730. Sucks that it went to 770, but it'll at least go back down to 700. I prefer to play it safe.

>>12567477
I''m going to ride it into the top 60. Way undervalued

>>12567860
ITS DUMPING AAAH SHOULD HAVE SOLD WITH A LITTLE PROFIT.
for real though how do i know i should set a sell order overnight for 20% profit and when to hodl even through some losses waiting for a sudden x3 in a day

>>12567878
It just moves like this now. Low volume so pumps up quick by anyone buying in bulk, comes down a little but is setting new floors.

>>12565050
Why would someone chose Iexec over Google/AWS etc.?

>>12567982
Google and AWS will hedge their bets with iExec and work with them.

>>12568018
Google/AWS will offer specialized hardware to run Chainlink nodes. Sergey just said at the Fireplace chat that the network is about much more than just facilitating smart contracts.

>>12568085
Yes the will. But they will not due some of the heavy intensive computing. They will take the simpler easier off chain compute.

>>12568124
It's an eventuality. Admit it.

>>12568219
LINK is much more a connecting mechanism for smart contracts than it is a compute layer. I get that it does compute but I think there will be much more intensive layer for heavy duty computing for AI

this shitcoin is way overbought. SELL SELL SELL

>>12568568
Who are you trying to trick swingtrader anon?

>>12569177
I dont want to trick anyone. I genuinely care about the financial well being of others.

>>12569230
Sure you do. Fag

This is the greatest transfer of wealth ever.

>>12568568
Palm Venice Beach is pumping a bit more dump overnight.

>>12564561
Pump or dump huh I guess they never dump huh

200 eoy

bump

What's your end goal, hodlers

>>12572170
400$ by 2021