RLC is way overbought

Im a computer science student and I read the white paper, it seems promising but if you understand the technical details you realize this token literally has no use case. It has one of the most professional and experienced teams in crypto but the tokenomics are very flawed. The token simply isn’t needed for the grid network , Why pay for computing power in RLC when it’s easier to just pay in BTC or ETH

And not to mention it’s been 3 years and still there is ZERO real world adoption. Seriously, go look on the iexec marketplace, nobody is using it.


I bought in at 80 cents but sold my stack and made a nice little profit.

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It’s honestly embarrassing. The iexec marketplace has been up for years and there is literally nobody using it.

Massive red flag imo.

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get fucked 50 cents

NSMDO you had 19 years

I've been a long-term holder of iexec, but have recently started selling off shares of my (quite large) RLC bag. Here's why:

Hiring: It seems only two new developers have been hired in 6 months, while two (or three) have left in the same time. The essential positions in research, marketing and leadership are still not filled.

Location: The startup is located in Lyon and only hiring there, which understandably significantly narrows the range of top talent available

Website: A new website was promised shortly after the iexec crowdsale in April, but still hasn't been released. I consider this a major red flag for a project with 12 million at its disposal, it's not like any complicated web-app is developed here, only a redesign of a website should never take this long.

Marketing: Two months ago, it was promised, that a "top-tier" US-based PR company is nearly hired. No progress, announcements or anything here, one month before product release. Iexec is slipping out of the top100 coins on coinmarketcap as we speak, because nobody knows about its goals and potential progress.

Community: Although the community is still active on the slack, the more invested members and those actively contributing value have mostly left because the iexec dev team mostly acknowledges improvement suggestions but never acts on them. There is almost no effort of building a dedicated community.

Developer community. There is no effort to attract ethereum developers. This is a project aiming to extend ethereum (solidity) and there is almost no open-source activity, demos on ethereum conferences, etc. The recognition in the ethereum community is basically zero. I mean what the hell ?

Team Communication: The team is periodically active on slack, but not comparable with other projects. Iexec slack was until recently bombarded with scam attempts, then the invitations where disabled without any announcement or comment on this from the dev team. Another red flag.

Nice fud never selling

Continued..

Leadership. Although Gilles, the founder, is clearly an accomplished academic, he has little experience in company leadership which shows through on nearly every front. Yet they are refusing to hire an experienced CEO

Technical Outlook. The technical outlook remains unclear. Version 1 will probably be released on schedule, but it still unclear how it is usable from solidity, how results are retrieved into the smart contract, costs, providers, etc, etc. I'm not expecting any real-world dapps to use this anytime soon. For Version 2, there has been no information update since the whitepaper release. The research on the most important and most difficult part, the proof of contribution, has not even started (to my knowledge), and it is doubtful their vision vor v2 and beyond is possible to implement.

Partnerships. There has been only one announcement of a unknown company partnering with iexec. DApps running on iexec or other forms of partnership should clearly be one of the most important goals right now.

Strong competition. There are a lot of projects aiming at similar goals and iexec is one of the more unknown of them.

Trading. No new exchanges and RLC trading with extremly low volume are a reflection of the above points imho.

I don't want to this to come over as complete FUD, just letting of some steam over lost money on iexec. Please refute any points which you think are untrue.

Meanwhile you have chainlink, valued at 15 billion dollars fully diluted, which is generating zero revenue. All node operators are being 100% subsidized by the CL team, aka bagholders indirectly. Some companies are providing data, because why the fuck would you not when it's free money. But zero companies are requesting data.

Stupid newfags just regurgitating LINK memes over here while OP is laying down facts.

It’s done nearly a 5x in the last few months you would be stupid to not take a little profit here

Never fucking selling and yes this is cope because i sold link at 1.60€

TLDR Sorry Bro you’re still not getting my bags cheap

lol this FUD is amazing.

RLC to $9 EoM

It’s literally dumping retards kys

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Seriously though, how can you sell computing time on the eth block chain?
I haven't read the white paper, but it all seems unrealistic to me.
Solidity is a crippled javascript, if there was a sandboxed LLVM backend on the eth miner software, I would believe this is possible. But as it currently stands, I believe its all BS.

PS I would love for a decentralised distributed computing platform, would be like a public botbet/cluster.

>I'm a computer science student
Kek

Literally zoom out dipshit

Not being defensive but just generally curious what are the competitors of RLC?

Fucking using 12 minute chart ngmi

Nice blogpost
DR;NS

Translation: I just sold my stack so please guys can you also sell and dump the price so I can buy back in okay thanks

Ummm maybe fucking AWS and Google cloud. Lmao.

Theres no need for decentralized computing. This project is pure buzzwords and vaporware.

OYSTER PERL

>1 min chart

lmao this FUD is ridiculous.

Yep

Iexec Academy launches in September. Pretty sure the goal there is to attract eth developers and shit like your penultimate point.

all competitors are incomplete and lacking the features and robust nature of I-exec.

KING OF THE DOT NIGGA

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>version 1
>version 2

Meanwhile version 5 just released. This is old copy pasta fud.

THEY SCARED

KING OF THE DOT NIGGA!

YEARD ME

You need to update this pasta - we're coming up to v5 now

Do they use chainlink?

1btc= 6665.65 RLC >
Didn't the guy who created this work for Cern.
Is this the compute power needed to process the 49 petabytes of data for the cern particle colider.
all the same glad I'm in to this man. Glad Meth user is getting high off his own supply.

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>Why pay for computing power in RLC when it’s easier to just pay in BTC or ETH
But you can pay either in rlc btc or eth?

Nice copy paste. I see you in every iExec threads.
What you want to shill faggot?

Ok maybe but I’m still very cautious of this because while the tech is good there is not much in the white paper about the tokenomics

What is the possible RLC policy (like monetary policy for fiat) for iEx.Ec platform?
I know that there is a rough token cap in the paper but what I think is about the design of the system, a bit more detail of the RLC mechanism to the platform.

Preliminary, I think of RLC token as money as it's a medium for computing resources exchange. Will there be a hoarding problem? an attack vector from misaligning RLC policy? etc.

So, in case I miss something, what is the possible RLC policy (like monetary policy for fiat) for iEx.Ec platform?

1) Token VS Platform Stability - Will this RLC policy affect the stability of the platform?

2) Token VS Growth - How will RLC best motivate for the growth and adoption of the platform, not just the RLC holders? I think the platform that suboptimally grow would have suboptimally gain for the holder anyway.

3) Governance - Is there any iEx.ec governance mechanism? I long run this could pretty much affect everything.

For example: Ethereum's Casper deals with Centralization problem by PoS instead of PoW, having inflation to encourage validators in the long run (and this collects the "fee" from everybody instead). These are some kinds of visionary design for the foreseeable problems in the future.

So, I wonder, after reading the white paper, if there is any draft of these topics.

I truly hope they will keep high quality.
Otherwise HERE would be a big sell signal.

Because they talk about like a big thing, they have to deliver now

Decentralization is Web 3.0 though. Decentralization is needed for the I.O.T and the I.O.T will need to draw the data from somewhere, why not a cloud utilization spare power of every device?

Or is this all just made up crap to scam people and is never going to happen?

Redpill me on polka dot, never heard of it

>3) Governance - Is there any iEx.ec governance mechanism? I long run this could pretty much affect everything.
I was thinking about. I'm pretty sure that it will follow the same way as eth.

Eth was useless and at 18$ Vitalik himself was saying that the token isn't money and is overvalued.
And now he did bring staking, making it somehow a form of money.

I believe that the frenchies of iExec have plans for that (it's french mentality afterward, I'm Belgian french speaker).

I believe that right now they are throwing the fundamentals.
And one thing is for sure, they will not exit before delivering. With 6PhD we will see one of them leaving if the project end up making no sense.