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Sounds like this could be summarized as a compute/currency exchange. Convert compute to currency which can be used to buy compute. Does this have the built-in
by iandanforth 6y ago
Sounds like this could be summarized as a compute/currency exchange. Convert compute to currency which can be used to buy compute.
Does this have the built-in price correction of PoW crypto where economic viability determines how much compute is being dedicated to the network?
Aka, do prices naturally rise in this system until it's economically viable for someone to run their system?
- AgentME 6y ago>Does this have the built-in price correction of PoW crypto where economic viability determines how much compute is being dedicated to the network? The answer is essentially "yes", but I think this question is showing a misunderstanding. Golem isn't the one creating the workloads that people are running, it's just connecting people selling compute power and people paying to run workloads. (The compute workloads aren't used as a consensus mechanism like PoW. Golem just relies on Ethereum to manage consensus.) The question is like "Does ebay implement a price correction system where economic viability determines how many resources people sell to it?".
- iandanforth 6y agoEbay actively manages supply through communicating with sellers, so "Yes?"