WHY THE FUCK IS RLC TANKING SO HARD

Below 15k sats

6 PhDs on the team, delivers on time, strong use case, can be adapted to run on NEO or other blockchains. Yep straight into the garbage with this one

Haha I bet they'll never get any big partners haha this is going nowhere

Shut up faggot, let them sell. I'll buy their fucking bags ALL FUCKING DAY.

Why is this even valued as a sleeping giant

Does Amazon Web Service and companies alike not leave this shit dead in the water

?

RLC CCCCCCCCCCCCOONNNNNNNNNNNNEEEECCCCCTTTTTTTTTTTT

Amazon Web Service does not serve developers that want to build dapps on Ethereum and other blockchains, which is a rapidly growing market

Why do they need RLC?

And why does RLC need a token? Why not use dollars?

>doesn't understand blockchain technology
you're smarter than a team of PHD's, surely.

>Appealing this hard to authority

>a team of PHD's
who

HURR DURR WHY NOT USE DOLLARS INSTEAD OF CRYPTO?

>guy that doesn't understand crypto or the technology
But yes, RLC is a shitcoin please sell.

That's why I'm asking, you fucking idiot. Apparently you don't know the answer, so shut up.

So you're saying that all blockchain projects need tokens/coins? I just googled very quickly and it doesn't seem right

...

>why do they need to use crypto for a blockchain 3.0 cloud computing technology

literally self explanatory

No I'm saying that you're a dumb nigger that is fishing for an explanation as to why to invest into RLC.

I'm not going to feed you, faggot.

Not to me, so please do explain.

Because iEx.ec is building specifically for their needs, which are cheap computing power and a simple secure framework to purchase it on. Golem and SONM might sound similar on first glance but they're really not all that comparable.

RLC is the currency of the iEx.ec data marketplace. How do you transfer USD (not tether) on a blockchain? This is crypto.

see
btfo

So you expect only very technically savvy people to invest into this project?

DYOR means considering statements by different, knowledgeable people.

Anyone thinking they're able to fully understand a project and it's possibilities, either has an extensive knowledge in a field relevant to the project, or is lying to themselves.

Teeka is dumping

>So you expect only very technically savvy people to invest into this project?

Yep. In the beginning at least. Such is life in the tech world, only the smart prevail. I'm sure only intelligent people got involved with the dotcom boom too.

>DYOR means considering statements by different, knowledgeable people.
I'm sure you'll get an explanation from someone else willing to cuck information for you.

>Anyone thinking they're able to fully understand a project and it's possibilities, either has an extensive knowledge in a field relevant to the project, or is lying to themselves.

The implications of crypto-computing is absolutely more massive than any human can comprehend right now. I can comprehend value, though.

Shit, somebody call McShillee

just give an example of what rlc will do

I don't know, but thanks for the explanation.

>I'm sure only intelligent people got involved with the dotcom boom too.

:D

>I'm sure you'll get an explanation from someone else willing to cuck information for you.

Yep, I think you're right.

>The implications of crypto-computing is absolutely more massive than any human can comprehend right now.

What I'm saying.

>I can comprehend value, though.

What the fuck does this even mean?

You can literally see the beginning stages of what it can do on their dApp store.

People will get paid in RLC for decentralized cloud computing. How is it hard to imagine the possibilities? There will most likely be cloud computing services offered such as cloud Blender rendering, decentralized solving, cancer research, artificial intelligence applications, etc.

I've even seen some people say decentralized cloud servers will be a thing that amazon/google look into, because it'll save them billions of dollars.

>>I can comprehend value, though.
>What the fuck does this even mean?

It means I can see value instantly. I've also done the research. I see the overall field of crypto being shit compared to some projects, such as iexec. I see the possibilities of the future and the implications that such a tech brings.

OK, tell me something.

When the working product is out, will iExec convert my RLC tokens to fiat for me? Or do they expect people to still use exchanges? I could ask the same question for a lot of other projects.

Like these coins are supposed to be utility tokens, but won't everyone just sell their tokens when the price goes up? And if your answer is that it will stop being volatile, why are you investing in it as a speculative asset?

>It means I can see value instantly.

>When the working product is out, will iExec convert my RLC tokens to fiat for me?

Well, it'd probably be a closed ecosystem. You'd get paid in RLC for mining computations for people that need the computations done, such as blender rendering. You wouldn't know what you're computing either most likely.

You act like any other utility coin is going to convert your tokens into btc. If you want to sell your earned RLC, just fucking sell it. It's not too hard. That's why markets exist.

OK, and how would the companies needing the services get the RLC? To me it would seem absolutely ridiculous if companies were to go to an exchange and purchase some tokens in order to buy computations from the iExec network.

I already said that I might as well ask the same question for other projects.

>To me it would seem absolutely ridiculous if companies were to go to an exchange and purchase some tokens in order to buy computations from the iExec network.
the idea is that these kinds of services will be streamlined in the future

So the companies would probably be able to purchase RLC for dollars directly through iExec or something similar?

Streamlining of services is something that comes with time. I'm sure there will be systems in place to allow ease of use.

If that's your biggest concern you have issues.

/thread

You're welcome. Have a look at their whitepaper perhaps. I'm sure we can agree that the distributed cloud/fog computing is going to be massive two to five years from now. Forbes says $411B by 2020, if iEx.ec takes 1% of that market share it'll have a 4.1B marketcap. Given that they are approaching their project with a mind to user-friendliness and simplicity, I think they have a good chance at that and more. $102MM mcap currently, 87MM total token supply if you're curious.

I have no doubts they'll make it easy to buy or earn RLC on the marketplace platform. As for selling to fiat, I don't know. The marketplace isn't supposed to be a currency exchange, it's for using a service, so I'd imagine you'd have to transfer to an exchange for that.

The price will ultimately reflect the price of these computations. As computational demand increases, the price of RLC will increase. Price will be kept in check by hardware improvements. If you need the iEx.ec service you're not going to be buying RLC speculatively, the same way no one buys gas for their cars speculating that they should sell it if the price of crude goes up. As speculators we are not buying to use the service, we're betting that a large market of others are going to.

It just sounds... off.

I can't think of any kind of service where you have to buy something like tokens in order to get access to the network. I realize that blockchain is new and different and blahblahblah, but it still seems strange to me to imagine companies doing that. Do you at least somehow understand my concern?

But I guess you're right.

yes something like that
the idea is that decentralization, in general, cuts middleman costs and allows more transparency
so a lab or a company that needs computing power will use iExec because it will be cheaper

The worlds largest media company, Facebook, creates no content.
The worlds largest taxi company, Uber, owns no cabs.
The worlds largest hotel company, Airbnb, owns no rooms.
You are here.
The worlds largest cloud computing company owns no servers.

If it sounds off, don't invest.

Don't be mad in the future though when you realize the massive potential this tech brings.

Valid concern but as others have said this will be made user-friendly and streamlined in the future. You won't even think about it, it'll be like purchasing any other good or service when all this comes into fruition. Despite the crypto speculative hype right now, most of these projects will need several years to mature still and the landscape will be looking a lot different by then.