Except Golem will just keep compute resources constrained/expensive by charging for it, this will continue to block scientific progress.
Gridcoin gives compute resources for free, so science can flourish.
How much cheaper is computing power with Golem than having to purchase time on an existing super? And what advances will we see as more and more researchers are able to make use of that power, simply because of a reduction in cost? I'm not of a mind that your choices are always either one or the other. I don't believe you'll be able to recognize the world, crypto or otherwise a decade from now.
Nobody can answer your question because nobody has actually computed anything on the Golem network yet (it's still in early alpha version). Also, due to its auction system, it's very difficult to predict the actual prices. More details here:
Be careful of people making claims about what Golem can do. Im not saying it cant do things but there seems to be a lot of guessing and people just wish fulfilling. I think the devs are fairly straight, in the interview I saw they were honest that they just dont know how its all going to work yet.
To be honest, the first 2 criteria I use are market cap and current price. From there I start looking at what the coin's actual intended purpose is and try to decide if it's got any chance to do what it's supposed to.
I think that crypto right now, is in a state similar to internet marketing in it's infancy.
There will be a lot of easy money made in the short term, until people figure out how it really works.
I get why you would start with market cap and current price - but is it just me that thinks it's a little weird that whether something is actually useful for something is 3rd on the list ?
Except Golem will just keep compute resources constrained/expensive by charging for it, this will continue to block scientific progress.
Gridcoin gives compute resources for free, so science can flourish.
How much cheaper is computing power with Golem than having to purchase time on an existing super? And what advances will we see as more and more researchers are able to make use of that power, simply because of a reduction in cost? I'm not of a mind that your choices are always either one or the other. I don't believe you'll be able to recognize the world, crypto or otherwise a decade from now.
Nobody can answer your question because nobody has actually computed anything on the Golem network yet (it's still in early alpha version). Also, due to its auction system, it's very difficult to predict the actual prices. More details here:
https://steemit.com/gridcoin/@cm-steem/why-gridcoin-beats-golem-hands-down-nateonthenet
Thanks.
Based entirely on the little info I had garnered from their web page, Golem was on my short list for crypto to diversify into.
I'll look more closely at gridcoin now.
That's a wise move. Research and protect yourself. Official marketing is seldom a good source of information.
Be careful of people making claims about what Golem can do. Im not saying it cant do things but there seems to be a lot of guessing and people just wish fulfilling. I think the devs are fairly straight, in the interview I saw they were honest that they just dont know how its all going to work yet.
To be honest, the first 2 criteria I use are market cap and current price. From there I start looking at what the coin's actual intended purpose is and try to decide if it's got any chance to do what it's supposed to.
I think that crypto right now, is in a state similar to internet marketing in it's infancy.
There will be a lot of easy money made in the short term, until people figure out how it really works.
Then you're going to need to know your shit.
I get why you would start with market cap and current price - but is it just me that thinks it's a little weird that whether something is actually useful for something is 3rd on the list ?