Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer
by
tomkat
on 31/08/2016, 15:16:42 UTC
how will you beat golem project? they have the same idea like u. may be lanister can tell to us some differnce from that project. I know that he also made some research about it

you could also ask: how will golem beat us?

from an investor point-of-view golem is very expensive, they are selling for 5mio$. but you wont get shares of the actual project but instead just get some kind of profit-payment-token. its similar like JINN where investors just get some parts of the profits and the actual company is owned by devs/earlyinvestors.

that being said Golem wont have to necessarily "beat" us as much as we dont have to necessarily beat them. in crypto its common that projects that try to achieve something similar ar both valued dozens or even hundreds of $-millions. just scroll through the top100 marketcap listings and you will fînd dozens of projects that try to achieve basically the same thing. its no problem at all! projects can learn from and inspire each other and create a win/win situation longterm.

justmy2xel.

edit: or in other words if golem gets a marketcap of 100m and we get a marketcap of 20m i think there is no reason to complain from an investor pov.

http://www.golemproject.net/doc/GolemNanopayments.pdf
Quote "This makes Ethereum our platform of choice for implementation of micropayment schemes."

So Golem will be using ETH, and their own GNT token as its currency.
https://blog.golemproject.net/golem-network-token-gnt-sale-220c2a732f9#.jrlb6xnzm

Golem seems to be initially focused on CGI rendering (for Blender users).

Quote "The current version of Golem is only focused on rendering in Blender and although it will be useful to CGI artists, we consider CGI rendering to be primarily a proof of concept and training ground. After a full cycle of tests, Brass Golem will be released in Autumn this year. Even though we do not expect that blender CGI rendering will create enough turnover to justify all the work we have put in the project, this will be the first decentralised computing power market and at the same time (most likely) the first thing you will be able to pay for with your Ethers."

And (as of now) they don't see other decentralized supercomputers (like Elastic) as competitors

Quote "Our real competitors are Amazon Web Services, Google Cloud and other cloud providers. Our aim is to provide similar functionality at much lower prices."