Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][GNT] Golem Project - The world’s most powerful supercomputer
by
bitChipper
on 13/04/2018, 16:29:40 UTC
Quote from: vips200 on April 13, 2018, 12:06:33 PM
Quote from: tomkat on April 13, 2018, 10:59:15 AM
Quote from: vips200 on April 13, 2018, 10:45:23 AM
Quote from: tomkat on April 13, 2018, 10:02:22 AM
Quote from: bitChipper on April 11, 2018, 03:59:20 PM
"Is Golem GNT the dumbest project since the DAO?"

That is the title of this video below"
https://www.youtube.com/watch?v=SkGu8RAQJRw

I am curious to hear some thoughts on these critics.

For me Golem is one of the most overhyped projects in crypto. They collected hundreds of millions to create a toy for rendering using Blender.
Maybe they will find and develop more usecases for their system, but it took so long to get to Brass, that the perspective is really long long term.
Additionally people doubt it will work eventually. In the meantime enjoy the pump  Grin
they raised 8 million dollars, get your facts straight. its working fine.

The fact is they raised 820,000 ETH, and I doubt they sold all of it, so the value of the funds is much higher than $8M.
the fact is they raised $8 million dollars in 20 mins.  and yes correct it was 820,000 ETH  but its not a moving target. at ETH peak it was over 1.345 billion dollars,  now its $425 million. many believers apparently.  GOLEM market cap exactly as of now $429 million. cowinkydink?

I didn't intend to spread any FUD with my initial post, just wanted to get some opinions on the criticism...just want to clarify that.

But seeing the recent price action I think it's pretty safe to say people are interested,  whether it's all speculation or people seeing an actual use case is debatable.

I hold no GNT, nor am I speculating on it...I just know it's one of the oldest and first big projects built on ethereum.

It is always interesting to me that after a pump like it did there is always someone that comes to the BCT thread just to say its over hyped....none of those post were here last week before it popped off 50%+.....