I would rather buy XEL (elastic coin) instead of Golem. I copied the following passage from the elatic website which describes the differences between this 2 coins very well:
Golem also tries to bring together those who have spare computational power and those who require it. According to this these entities are termed requester nodes, these nodes that announce computing tasks, and compute nodes, nodes that perform computations. As of now, the computation tasks are limited to rendering tasks using blender. Neverthelss, However, Golem seems to be just a “peer-to-peer market” for computational resources and not a cryptographically secure protocol to ensure the correct distribution of, and payment for computational power.
The biggest problem in our eyes, and at the same time the reason why from our perspective Golem does NOT constitute a decentralized computer, is that the submitted results are not automatically verified for correctness. That means, that the result someone sends may very well be garbage and so it has to be checked manually by the requester nodes before he acknowledges the release of the funds. At the same time, malicious requester nodes may claim that their work was not carried out correctly and charge back the funds even though the compute node has carried out the task correctly.
While a ranking/reputation mechanism, as implemented here, helps to identify malicious users (similar to the reputation system of online auctions where you can “over time” seperate honest sellers from malicious ones) this concept differs totally from what we want to achieve in Elastic.
We do not want to build a peer-to-peer market where users may betray each other, mitigating malicious behavior only by using trust-based reputation systems! We rather want to build a system which is robust agains such kinds of attacks due to a “higher force”, i.e., the protocol, making sure that work is carried out correctly, and workers are guaranteed to be paid out for their efforts.
Topic: [GNT] Golem Speculation (Read 1774 times)
Only good coins truly increase based on efforts and usability in real world. Golem is one of them which will increase but not that fast. Expect $1 by mid august to end August. Then a dip period again and roughly 7$ by end of year.
In crypto, price increase doesnt really mean project is good. Price fluctuations are based on investment in that project. You need to monitor your investment every week so as to make sure your investments are still performing. If any competitor will attract more investors who are looking only to double there money in short time then it can impact your investment too.
In crypto, price increase doesnt really mean project is good. Price fluctuations are based on investment in that project. You need to monitor your investment every week so as to make sure your investments are still performing. If any competitor will attract more investors who are looking only to double there money in short time then it can impact your investment too.
so It Is like a Seti@home project? what i don't get is what's the real business behind.. but that is common to 99% of ICOs.. sure is a nice project but in the end everyone cares only to make profit.
Seti at home is a bunch computers skimming through recorded radio spectrum from space in hope to reveal some non-random things in the sup that might be caused by aliens.Since it's mostly futile to search for such things all participants do it for free and fun. One might even say that the Seti computations are useless and will (likely) add no value to nothing since success is extremely improbable.
A Golem plugin, on the other hand, could be used in many computer programs and computations that will have a definite benefit in the real world. E.g. You might have a weak Ultrabook and want to render some images or do a complex calculation of wind turbulence. With your Ultrabook, this might take 20 hours, but if the software you use has a Golem plugin you can let the Golem network take care of it and two minutes later you receive the results. To compensate the network you pay the equivalent of 20 cents for the calculations, If it's really urgent and you want the result asap you might pay 1 dollar and if it's low priority stuff then you might select a very low amount like 4 cents.
Golem Didn't Release its Full Version, First of All Ccurrency Capital Market is now Down position. If you Have Much time to wait about 4-5 month or more time. I think probably you Will hit your goal.
So how will this project work?
Will the price be good for the next few days?
Will the price be good for the next few days?
Idea behind golem is so unique.
The team behind golem is tremendous.
But i don't know why it is not increasing like other coins.
I am holding for long time.
The team behind golem is tremendous.
But i don't know why it is not increasing like other coins.
I am holding for long time.
Any ETA until the full release, as you say?
so It Is like a Seti@home project? what i don't get is what's the real business behind.. but that is common to 99% of ICOs.. sure is a nice project but in the end everyone cares only to make profit.
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Posted From bitcointalk.org Android App
I have spoken with developers and some crypto experts it may reach $1-$2 within couple of weeks and average price it may reach is $5
$5 means 4 billion$ plus marketcap. It's a good project but not a great one. $1 next year is the max it can go.
If only the Cryptomarkets caps worked based on pure evidence, Ripple is only implemented in a few smaller banks, and the coins (XRP) are not even needed and its market caps 10bn.
All most cryptos are currently is speculation - If people believe in golem, it could hit $5 , if people think it wont work, then the price could fall to 0.0001.
You can't compare Golem to ripple. 70% XRP is controlled by one organisation, they can swing the prices, whenever they feel like (like what happened recently). And you already said XRP is not even needed. Based on speculation only I'm saying $1 next year. If it reaches $5 or $10, no one is more happier than myself.
It is a good project and should be nice long term buy and hold. Hard to speculate on
prices until the overall cryptos start next rally.
prices until the overall cryptos start next rally.
Yes I agree that Golem is a good project. Golem seems to be doing well until the recent dump. My guess will be $1 to $3 by end of this year. And $10 in 2 years to 3 years.
This seems somewhate reasonable. However, I don't think we'll see $10 in 3 years. I think around the $5 mark is more reasonable. As it was stated, this has always been a very long term project. Buy and hold, and you're probably going to make money regardless
Yes I agree that Golem is a good project. Golem seems to be doing well until the recent dump. My guess will be $1 to $3 by end of this year. And $10 in 2 years to 3 years.
It's a strong and nice project. If you buy GNT it's for long term.
I have spoken with developers and some crypto experts it may reach $1-$2 within couple of weeks and average price it may reach is $5
$5 means 4 billion$ plus marketcap. It's a good project but not a great one. $1 next year is the max it can go.
If only the Cryptomarkets caps worked based on pure evidence, Ripple is only implemented in a few smaller banks, and the coins (XRP) are not even needed and its market caps 10bn.
All most cryptos are currently is speculation - If people believe in golem, it could hit $5 , if people think it wont work, then the price could fall to 0.0001.
I have spoken with developers and some crypto experts it may reach $1-$2 within couple of weeks and average price it may reach is $5
$5 means 4 billion$ plus marketcap. It's a good project but not a great one. $1 next year is the max it can go.
I have spoken with developers and some crypto experts it may reach $1-$2 within couple of weeks and average price it may reach is $5
good project. there are some competition with iEX or SONM but they have not release anything yet
Hello All,
I am new to crypto,I have gone through their whitepaper and I have done some research on Golem Project. I have found this is solid project.Recent Golem pre brass has released and UI is solid .But Full version is not yet released once that is release we can expect more than $1-$2 and it may reach $10 end of 2017.
Experts Please add your valuable inputs.
Thanks,
Shiva kumar
I'd called the golem as the long-term investment. It says to hold the golem token for the long-term investment will give you a lot of benefits. Remember the real hype will be there after the full brass already released with the UI. I am new to crypto,I have gone through their whitepaper and I have done some research on Golem Project. I have found this is solid project.Recent Golem pre brass has released and UI is solid .But Full version is not yet released once that is release we can expect more than $1-$2 and it may reach $10 end of 2017.
Experts Please add your valuable inputs.
Thanks,
Shiva kumar
I believe it will be touch $1 at the end of this year but not for $10.
It was a long time project . I'm not progressing much but or I don't know. I think they are working on.
Read and watch this https://blog.golemproject.net/brass-golem-alpha2-0-7-3766e08a71caBut Full version is not yet released once that is release we can expect more than $1-$2 and it may reach $10 end of 2017.
Just wait this is long term investment and serious project. You don't have to be expert to see that.
It is being added to Coinbase too.
Watch it moon playboys.
Watch it moon playboys.
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