[ANN][GNT] Golem Project - The world’s most powerful supercomputer

[Razaberry]

Golem project looks good and imho it may have a bright future. I think I'll take part in ICO. Good luck to project!

Thanks

See you at the GNT Sale

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[xtyling]

How to invest in ICO ?

[drnash85]

@BTC Community

The computations are sandboxed in an isolated virtual machine and executed with the minimal required privileges.




Crackers can defeat sandboxes though, so Golem's Application Registry will have a class of users called Validators. They review and certify apps as safe and trustworthy by adding them to their own whitelists (or adding them to blacklists if they're definitely unsafe).

Providers can choose to only run apps that are on a given whitelist or, if they're willing to take more risk, only refuse apps that are on a given blacklist.

----

What's the name of the 2014 platform?

In other words Golem will be centralized due to backlist by "validators"  I will pass on this one, good luck.

[Mallyx]

How to invest in ICO ?

The ICO starts in approx. 3days: https://www.ico-list.com/#Golem
As Golem is on Ethereum, I guess you have to pay with ETH on the contract. Maybe they will release some help doc. on the blog (https://blog.golemproject.net/).

[Razaberry]

@BTC Community

The computations are sandboxed in an isolated virtual machine and executed with the minimal required privileges.




Crackers can defeat sandboxes though, so Golem's Application Registry will have a class of users called Validators. They review and certify apps as safe and trustworthy by adding them to their own whitelists (or adding them to blacklists if they're definitely unsafe).

Providers can choose to only run apps that are on a given whitelist or, if they're willing to take more risk, only refuse apps that are on a given blacklist.

----

What's the name of the 2014 platform?

In other words Golem will be centralized due to backlist by "validators"  I will pass on this one, good luck.

Anyone can become a validator. Not centralized.

[Razaberry]

Awesome review of Golem by The Crowdsale Analyst: https://www.reddit.com/r/ethereum/comments/5bnh52/the_crowdsale_analyst_golem_final_thoughts/

[Razaberry]

How to invest in ICO ?

The ICO starts in approx. 3days: https://www.ico-list.com/#Golem
As Golem is on Ethereum, I guess you have to pay with ETH on the contract. Maybe they will release some help doc. on the blog (https://blog.golemproject.net/).

That's right, ETH is how you pay.
We just published the how-to guides. You can find them here: https://blog.golemproject.net/crowdfunding-how-to-prepare-5247d0021373

[tobsnn]

alright then, download of eth blockchain in mist 0.8.7 progressing thus far

meanwhile I read this guy who wrote a little bit about his coming adventure of golem participation, feel free to give it a read too
https://medium.com/@cjremus/heres-how-i-m-participating-in-golem-s-crowdfunding-process-part-2-d76e533f08ea#.4qe8y4lb0

my main question as an investor is: after crowdsale is finished (either fully stacked at 820k or way beneath at 150k eth) will $gnt immediately be tradeable at exchanges? I do ask because this would properly keep me away from participation due to recent massacre of tremendous dump of SingularDTV and/or firstblood token right after exchange listings few minutes after ICO end. Looking at Plutus and IOTA I would assume a development timeframe for gathering attention and demand for $gnt due to tech progress and marketing.

cheers

[someone111]

Any bonus?

What are we actually buying here? Equity? Doesn't look like. So we are not going to own the company behind this. Therefore we are also not eligible for dividends. Later they may actually sell equity like others did on bank to the future.

Due to the recent spam of ICO's, I wonder if it is useful to join this one. Most ICO's were traded below ICO price right after they were distributed. So even if I like this project, I wonder if it would not be better to just buy on exchanges after the initial major dump.

So it is an apptoken we are buying here, right? A token that can be purchased by someone interested in getting cheap cloud computation power? Then I don't see the developers interest in a high token price since that would hinder the project. And if this project succeeds, it will not be long until huge data centers start providing their services and thereby driving the token price down.

Please prove me wrong since I am always looking for high risk high reward investments.

[De Selby]

Any plans for any additional fundraisers further down the line? If only the minimum amount is raised in the ICO, for example.

[Razaberry]

alright then, download of eth blockchain in mist 0.8.7 progressing thus far

meanwhile I read this guy who wrote a little bit about his coming adventure of golem participation, feel free to give it a read too
https://medium.com/@cjremus/heres-how-i-m-participating-in-golem-s-crowdfunding-process-part-2-d76e533f08ea#.4qe8y4lb0

my main question as an investor is: after crowdsale is finished (either fully stacked at 820k or way beneath at 150k eth) will $gnt immediately be tradeable at exchanges? I do ask because this would properly keep me away from participation due to recent massacre of tremendous dump of SingularDTV and/or firstblood token right after exchange listings few minutes after ICO end. Looking at Plutus and IOTA I would assume a development timeframe for gathering attention and demand for $gnt due to tech progress and marketing.

cheers

Hey tobsnn,

That is a great post. We've been talking with him in the Slack as well.

Ala exchanges, we don't have any control over when they list GNT. As soon as the campaign is over, your GNT will be spendable. It's up to the exchanges when they list it.

[Razaberry]

Golem Network Crowdfunding Event & GNT Creation Date: Nov 11 at Block 2607800

Info here: https://blog.golemproject.net/golem-crowdfunding-contract-deployed-start-block-is-2607800-fcd1bb458d#.b4jcn73ct

[Razaberry]

Any bonus?

What are we actually buying here? Equity? Doesn't look like. So we are not going to own the company behind this. Therefore we are also not eligible for dividends. Later they may actually sell equity like others did on bank to the future.

Due to the recent spam of ICO's, I wonder if it is useful to join this one. Most ICO's were traded below ICO price right after they were distributed. So even if I like this project, I wonder if it would not be better to just buy on exchanges after the initial major dump.

So it is an apptoken we are buying here, right? A token that can be purchased by someone interested in getting cheap cloud computation power? Then I don't see the developers interest in a high token price since that would hinder the project. And if this project succeeds, it will not be long until huge data centers start providing their services and thereby driving the token price down.

Please prove me wrong since I am always looking for high risk high reward investments.

@someone111 You're buying the currency that the Golem Network will use for all transactions.

If you want to take a look at the things that will likely influence the future value of GNT, we wrote a blog post on that here: https://blog.golemproject.net/the-economics-of-the-golem-network-token-d64c1a50b1d5#.7a1lqt2lk

If the cost of GNT rises, it won't have any effect on the cost of computing power on the network. Just like Bitcoin, if 1 GNT is worth 10x what it was before, people will simply charge 10x less in GNT than they did before. Likely more, actually, since a rise in price is likely reflective of more computers on the network (which also makes addresses the datacenter aspect, as them joining the network will drive the power of the Golem Netowrk, and thereby the cost of GNT, up instead of down.

[adamvp]

Only 3minutes to start!

[adamvp]

Only 3minutes to start!

wow 77% of the cap already! Excelent

[OrsonJ]

What a complete charade. You recommend people use MyEtherWallet and then it fails to produce the transaction data in time. I tried for several minutes without success. I wonder how many other people missed out after following your instructions to the letter.

[meeekz]

I missed out also. Tried for the whole time crowdsale was open, not good.

[samuraijin]

Only 3minutes to start!

What begins

[adamvp]

I missed out also. Tried for the whole time crowdsale was open, not good.

I think you will be able to buy on exchangess, so just be patient

[Kaznachej123]

Crowdsale Golem over! We raised 820000 ETH in 20 minutes. Thank you everyone who participated.