Golem about to enter the Top10.
In my opinion, Golem is truly destined to be on the top 10 without a doubt.
Jepp.
But they don't even have a working app...
There was an attempt by Apple several years ago to create a network for what Golem now calls Brass Golem (distributed 3D-rendering), but that task was so technically challenging, that Apple finally gave it up. Do you believe that Golem team can do this?
Interesting, didnt know about that Apple thing. When was that? Had they distributed Blockchains at their disposal? You know the Blockchain-invention changed quite a bit when it comes to decentralized tasks.
Regarding the Top10. I don't think that Lisk, Waves or Maidsafe deserve to be Top10. So i am completely fine with Golem entering Top10 and kicking Maidsafe out of Top10.
It was called Xgrid: https://en.wikipedia.org/wiki/Xgrid
It was proprietary, no blockchain. But blockchain is not needed for distributed computing anyway, Golem uses it as a ledger for GNT tokens, as a part of payment system.
Interesting.
When it come to valuation of such a project, it's a combination of two factors: a.) likelihood of success and b.) Valuation in terms of (eventually groundbreaking success).
Nearly 80 million market cap is significantly overvalued at the current state of the project. I was thinking that 20 million is too much and may be 10-12 million is close to what they really cost considering all risks. But at 80 million they are not interesting for me. To cost 80 million they need to release a beta version at least.
