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Author Topic: [ANN][GNT] Golem Project - The world’s most powerful supercomputer  (Read 378194 times)
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October 24, 2016, 12:22:43 PM
 #41

Looking forward to seeing this in action. Its got a lot of potential I think.

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October 25, 2016, 11:22:48 PM
 #42

Looking forward to seeing this in action. Its got a lot of potential I think.

That makes two of us.

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October 26, 2016, 03:05:41 AM
 #43

Reserved
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October 26, 2016, 05:32:12 AM
 #44

New Golem blog post: Designing A Better Internet with Ethereum and Golem

https://blog.golemproject.net/designing-a-better-internet-with-ethereum-and-golem-3ff1f5692cf0#.fj6l30ggv

We'd like to welcome Matt Innes, founder of Idealogue, to the Golem Team.

Congrats to the team. this should be an interesting project. I'm hoping to see some programs to let us earn your tokens maybe bounties and bonuses when we participate during its first days on ICO.

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October 26, 2016, 03:33:43 PM
 #45

New Golem blog post: Designing A Better Internet with Ethereum and Golem

https://blog.golemproject.net/designing-a-better-internet-with-ethereum-and-golem-3ff1f5692cf0#.fj6l30ggv

We'd like to welcome Matt Innes, founder of Idealogue, to the Golem Team.

Congrats to the team. this should be an interesting project. I'm hoping to see some programs to let us earn your tokens maybe bounties and bonuses when we participate during its first days on ICO.

@electronicash thanks Smiley

There won't be any rewards for being early to the GNT sale, however. The price will remain constant throughout.

Seeing at how quite a few multimillion dollar ICOs have been fully funded in less than a day lately, not being early might mean you're too late.

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October 26, 2016, 04:25:21 PM
 #46

New blog post on how Golem works & why it's awesome, written so anyone can understand: https://blog.golemproject.net/golem-building-the-worlds-most-powerful-supercomputer-on-blockchain-4ccb44c328a#.il8i2bdtc

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October 26, 2016, 06:10:01 PM
 #47

Ooh very interesting project, will follow your news. I hope there will be bounties in future Wink
Im guessing this will succeed.
Goodluck.
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October 28, 2016, 06:27:26 AM
 #48

New overview of What is Golem by Smith & Crown: http://www.smithandcrown.com/what-is-golem/

Excellent look at Golem from an investing perspective.

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October 28, 2016, 07:23:52 AM
 #49

Video go Golem's talk at DEVCON2 is live: https://www.youtube.com/watch?v=DGinj5K3tcI

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October 28, 2016, 10:24:05 AM
 #50

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

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

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October 28, 2016, 10:44:53 AM
 #51

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.

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October 28, 2016, 12:56:07 PM
 #52

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?
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.

2. Who can pinky swear that the requestors will not do anything illegal or harmful on the rented computer (including DDoS)?
Same as #1
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.

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.

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October 28, 2016, 01:13:17 PM
 #53

Is the author a member of WAVES development team? You have the same handle.
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October 28, 2016, 01:17:14 PM
 #54

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

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.

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

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.

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!

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October 31, 2016, 02:44:00 PM
 #55

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

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October 31, 2016, 03:42:07 PM
 #56

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.

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October 31, 2016, 04:00:25 PM
 #57


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?

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October 31, 2016, 05:25:43 PM
 #58

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.

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.

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October 31, 2016, 05:45:09 PM
 #59


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?

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

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October 31, 2016, 06:13:20 PM
 #60

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