Topic: [ANN][GNT] Golem Project - The world’s most powerful supercomputer - page 159. (Read 381006 times)

reserved for future bounties (I hope)....

LOL

GNT partner with a scammer and blackmailer.
Hope you guys good luck.

https://bitcointalksearch.org/topic/be-careful-with-the-btc12com-its-a-scam-and-blackmail-website-1657569
https://bitcointalksearch.org/topic/btc12icoico-1642552

Be very glad to take care of the french translation,

all my best to the Golem Team

Yes, like rise project, although it is very crappy, but it raised 1700 btc. But much better projects like iota raised 1100 btc, stratis raised 900 btc, maybe they lacked of marketing hype, or they lacked of luck.

Probably the reason why they can't get that much funds for the project. People might not even have the idea what Golem project is because there is no marketing for it. Its not just about how good the project i, but its always marketing. A crappy project can generate thousands of BTC with just marketing hype.

Longest time frame is 48 months from their road map, and that will only happen when they raise 800k eth, it is very large amount of fund. It is not easy to raise so much fund. In my opinion, this project will not attract so much fund. But 200k is reasonable for them, 800k is very unlikely.

I'm also waiting for the ICO! Will Golem development take that long to implement? Will investors see roi within a reasonable time frame?

no marketing campaign? 

eta for 4th part is 36-48 months, very long term project, do you also reserve some part of coins?

When can we invest this project? I see it will go big, but current alts market is not good.

You can access the Alpha of Brass Golem already. It's live here: https://github.com/imapp-pl/golem/

As for roadmap, you can see that here: http://imgur.com/a/29KB8

Organisation and founders endowment is common practice in most crowdfunding initiatives. It is good for supporters, because it aligns incentives of all parties involved.

And keep in mind, besides the one-time income burst from the upcoming GNT Sale, we won’t actually make any money by building the Golem Network itself.

It’s an open sourced technology that anyone can copy… so if we tried to make a profit by, say, taking a percentage of every GNT transaction, then someone would simply fork our code, remove that percentage, and create a version of Golem that is cheaper for everyone.

So, just like the Ethereum Foundation develops and builds Ethereum without directly profiting from its use, we will build the Golem Network. Our long term income will come from being the first to understand the potential uses of Golem tech and use it to Author software on the Application Registry.

With Ethereum, Developers endowment gave them long term capability to work on the project, even without foundation support. They are doing a lot of great stuff, sometimes starting own companies.

Foundation endowment gave it extra stability. I do not know the numbers, so this is only my educated guess, but I do not think Ethereum development would be progressing at this pace (maybe project would not be progressing at all) if not for Foundation endowment. AND Ethereum crowdfunding had no cap.

This is R&D. And this is crypto. It is hard to plan for the next quarter, not mentioning 3-4 years of basic development needed. Endowment gives extra security and stability, which is beneficial to token holders.

So when is this project going to be a working progress?
I saw there was a thread about this months ago, i think it mentions about the most waited projects in the years to come. I can't remember the thread.
The project can probably surpass zec's achievement but why is this being hyped so much and yet we can't see yet where its going?

Hi guys, I just don't want to ruin the fun here, I am still confused why does the development team have to cater a huge percentage of premine while they already have the BTC in their hand?  I think this is very unfair to the investors since with this huge holdings, plus the bitcoin in their hands, they can play the market.  As much as I am interested in this project, this  setup of the crowdfunding had been seen that the token reserved to the team is often times misused.

New Golem blog post: How we're creating the GNT Crowdfunding Contract & thought that's going into it.

https://blog.golemproject.net/gnt-crowdfunding-contract-in-pictures-d6b5a2e69150

All right, thank you for your answers, it sounds more promising now.


If Requestors don't install anything it looks a little restrictive for them, but it's better for the Providers' safety. It sounds good.


Lottery is not so fair in my eyes, but it's up to you guys, you have quite some things still to decide.


For now the whole project looks good, it may have a bright future. Good luck!

Is the author a member of WAVES development team? You have the same handle.

Well, Requestors do not install anything on providers’ machines, they just use integrations implemented in Golem to send specific tasks (such as images to be rendered) to the network and Golem distributes these task between nodes. All computations take place in virtual machines & will be fully isolated from the host system, with cryptography based on well known elliptic curves.

There will also be a reputation system to detect bad behaving users, and a class of user called Validators who will analyse new programs and whitelist or blacklist them.

We'll consider preparing special type of tasks that may have access to external data, but they won't be executed on machines if the provider doesn't deliberately agree to this.

Same as #1

Like I said in #1, Requestors don't install anything on the Providers' computers.

Exact method of payments hasn't been decided on yet (it may be micropayments, or it may be lottery, depending on tech advances in ETH). But, whatever the method, Providers will be paid for the work their computers do.

Since Golem project wants basically to rent computing power, that means that the Requestors will be able to install/copy their specific binaries to the rented computers to do their job, right?
And then I see some issues:
1. Who can pinky swear that the requestors will not be nosy about what else is on the computer or simply infect it?
2. Who can pinky swear that the requestors will not do anything illegal or harmful on the rented computer (including DDoS)?
3. How can you ensure a fair system of "payment" for the rented computers based on time, power and capabilities (based on the initial thought that requestors will have to install their own binaries, so they can basically get around your systems and not declare what they use)?

Maybe I've got something wrong in my thinking. Let's see.

Confused about economics of Golem + how GNT works & the HUGE markets we're disrupting? Clarification post:

https://medium.com/@a.regulski/d64c1a50b1d5#.zhi2fxq4s