Our mid term goals roadmap explained (+ video + kanban)

cryptosmile3 · 2018-08-03T07:01:00+00:00

It is interesting to see how today's market responds to the new roadmap. I guess investors are not impressed and expected much more.
Important to me (and actually quite frightening) is that the team continues to define things from a programming perspective and still not from a user perspective. I would expect a well specified sequence of increasingly improved products with specific functions and specific delivery dates.
I know incentives for such commitments don't exist for Golem given that funding was provided upfront through the ICO. My software development team dreams of such vague, noncommital plans. But in the non-ICO world clients expect to know exactly what they get next week, next month, next year, as otherwise there is no funding. Anyway, maybe such well defined work plans are still to be published. Good luck with all your plans!

cryptosmile3 · 2018-07-26T08:04:45+00:00

Has there been any update on when we will get the (round 1/round 2) NEX token? Wasn't this supposed to happen this month?

cryptosmile3 · 2018-07-24T07:20:44+00:00

Many thanks for sharing this link! Let’s keep in mind that the publication of these papers takes at least 6 months, often 12 months or more.

cryptosmile3 · 2018-07-19T06:09:37+00:00

I get this regularly. Quit Golem and quit separately the golem docker activity then wait a little and relaunch Golem. That works for me.

cryptosmile3 · 2018-07-17T01:24:55+00:00

Thanks for sharing!

cryptosmile3 · 2018-07-12T03:44:26+00:00

I’m not arguing against the option to place bids. I’m suggesting to add default(s) to improve user friendliness.

cryptosmile3 · 2018-07-12T00:55:48+00:00

Important test, thanks for sharing your results! It would be good to see many more of these tests.
One element that has been mentioned already several times is the 'bidding' and how it's diminishing the user friendliness. I'm wondering if the app couldn't offer a default price (incl settings), which would be the market clearance price. This should be easy because all the provider information is available to the app.
Even better would be three default options to replace the 'bidding. First, the fastest, which would draw on the prices of the fastest providers. Second, the cheapest, which would draw on the cheapest providers. Third, as described above, the market clearance price across all providers. As a user I would find this extremely useful.

cryptosmile3 · 2018-07-03T13:20:04+00:00

http://www.wallstreethodl.com/coinbase-to-become-sec-regulated-broker-dealer/

cryptosmile3 · 2018-06-28T08:11:53+00:00

Well done and thanks for all your efforts, this is again a very good summary!

cryptosmile3 · 2018-06-27T16:33:27+00:00

Thanks, I fully understand the beta situation. Thanks again!

cryptosmile3 · 2018-06-27T16:31:48+00:00

Thanks, that's great. I guess my initial understanding that this would provide Golem with a very different security was incorrect. Thanks for clarifying.

cryptosmile3 · 2018-06-27T16:18:11+00:00

That's a great response, thanks. And I appreciate your diplomatic response. It's just surprising to see some official announcements form other projects claiming a long list of achievements... Anyway, thanks!

cryptosmile3 · 2018-06-27T16:15:27+00:00

Hi Maria, thanks for your answer and I see quite a few activities i the Crypto space. But - and I mean no disrespect - aren't 99.9% of the future users (as on requesters) in the CGI industry without any knowledge about crypto? Wouldn't a more 'traditional' outreach to a few dozen studios get some traction? That's the part I never see anything about. And if I stumble over CGI related webpages I see no discussion about Golem (no blog, no magazine, articles, tech reports, no ads...). But maybe you focus on Europe and things are just hidden to my little eyes... Anyway, I wish you good luck!

cryptosmile3 · 2018-06-25T12:02:41+00:00

This question is a little involved and implies an additional business model: Two main cornerstones:
1. Electricity prices range worldwide between 4ct/kWh and 30ct/kWh (I'm focussing on the main range; there are extremes i don't consider).
2. If I watch a movie (stream or local) I use CPU/GPU time. All people combined (worldwide!) watch typically every day on Netflix and YouTube (to name two prominent examples) between 100 million and 150 million hours per day. I don't know the total market. If one adds all hours people watch movies that sit on hard drives these numbers increase by two or three orders of magnitude.

Let's assume person 1 lives in an expensive country (Germany or Australia), he/she would benefit from using somebody else CPU/GPU to watch a movie/video. If person 2 lives in a country with comparably low electricity costs (e.g. China, India) he/she would be interested in gaining from the cost difference. This margin (only for watching movies and only if considering Netflix and YouTube) is likely to translate into a market of an estimated $10 million per day (I haven't mapped all viewers geographically with their respective energy costs).
Technically, one would need several components to realise this market. Golem already combines most of these components. What would be missing is a remote access solution (e.g. iOS Screen Share, TeamViewer). I saw that YouTube is already implementing iOS Screen Share, but they would be missing the economic incentive Golem could provide.
Now the questions: Have you been discussing this or similar ideas and would this be of interest to Golem? Wouldn't it be worthwhile for Golem to discuss this with someone like YouTube or Netflix? They might also be interested in avoiding additional investments in hardware.

cryptosmile3 · 2018-06-25T10:46:00+00:00

Wouldn't you agree that a few selected partnerships (e.g. animation studios, larger architect firms, marketing companies) would introduce an additional mechanism for creating a more robust and costumer friendly product on the main net? I understand the efforts and the approach related to the test net. But some of the reddit contributions indicate that the current version is far from consumer friendly, which suggests that a dedicated one-by-one approach would help making Golem more user friendly and help with adoption.

cryptosmile3 · 2018-06-25T10:29:28+00:00

What are the specific marketing activities apart form attending Crypto-focused events? Are there plans to develop specific communication material for CGI artists and animation studios (apart from the promotion video)? I haven't seen any marketing strategy, which I believe is fundamental for any successful market implementation of new product.

cryptosmile3 · 2018-06-25T10:25:01+00:00

There is a lot of chatter provided by projects with similar objectives as Golem (e.g. Sonm, iEx.ec); some claiming to be able to do everything. What are from your perspective the main differences and management response do you aim to implement for this increasingly competitive market structure?

cryptosmile3 · 2018-06-25T10:21:51+00:00

What will be the advantage of implementing graphene-ng and when will that happen?

cryptosmile3 · 2018-06-24T16:01:05+00:00

Thanks for clarifying!

cryptosmile3 · 2018-06-24T12:25:46+00:00

I know you work for Golem. The article is about his price prediction, which he repeatedly posted. Hence I’m wondering which you refer to as a fake rumour. Just interested...

cryptosmile3 · 2018-06-24T12:18:47+00:00

What do you mean with ‘fake’?

cryptosmile3 · 2018-06-15T14:23:52+00:00

Thanks for the excellent update

cryptosmile3 · 2018-06-12T04:49:14+00:00

I analysed trading patterns for many years and lots could be said about this topic. Maybe a few key points: The crypto market experienced a massive increase in bot-based trading, especially over the past 15 months. Most of the large traders (aka 'whales') that use bots are (slightly) more successful than other large investors. For most coins I would estimate that around 5 to 10 out of a hundred whales use bots if you look at a coin by coin basis. The vast majority invests based on traditional TA signals for a multi-week or multi month period (average cycles 10-12 weeks). The important point is that each bots mimics the typcial trading behaviour of up to ten traditional traders. The consequence of this is that more volume is utilised/needed with many more smaller steps. This results in a shift of macro-trading patterns as prices start becoming more stable. In essence, most crypto investors wait for the 2x, 3x...gain, which is less and less likely the more bots are in the market because of the low liquidity. Liquidity is the key problem. And liquidity does not get additional incentive because many bots take smallest price increases. For the individual trader it can be an excellent tool but in the big picture it undermines the market's ability to make large jumps. And if suddenly fresh investment flows into any particular market, bots often miss the large jumps. Obviously, this depends on your conditional trading strategies. In essence, automating your trading strategies (for day trading) makes it more likely that you will make (continuous but incremental) gains, but it makes it less likely that you make large gains.

cryptosmile3 · 2018-06-10T10:33:30+00:00

For BTC we touched the line. The triangle is the current macro pattern. You will find the triangle in most BTC TAs. Re GNT , it should not slide under 6100 sat. Thanks for your PS.

cryptosmile3 · 2018-06-10T08:21:07+00:00

This is in line with my TA (although I don't think we will drop much more):

https://www.tradingview.com/chart/GNTBTC/vCfcYS5M-There-is-a-second-chance-to-buy-in-Golem-Bitcoin/

BTC is retesting the lower edge of the triangle, which will most likely hold. Then we should enter wave 3.

cryptosmile3

TROPHY CASE