Google, investor in Golem? It appears to be true.

in #ethereum7 years ago (edited)

Maybe this explains why the price shot up so high so fast and why Golem is so hyped. The question, what does Google get out of this investment?

Of course this could all be a hoax to try to trick people into buying more GNT because Google Ventures never announced anything to the public about this and it's only on one site.

References


  1. https://www.crunchbase.com/organization/golem-network#/entity
  2. https://www.reddit.com/r/ethtrader/comments/6cafxg/didnt_realize_google_invested_in_golem/
  3. https://twitter.com/alexsunnarborg/status/857599406236987393
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alexsunnarborg Alex Sunnarborg tweeted @ 27 Apr 2017 - 14:16 UTC

Extremely excited to talk #Monero, #Golem, #Ripple, #Augur & more at @coindesk's #Consensus2017!
#XMR #GNT #XRP #REP https://t.co/nYrZarqLxe

Disclaimer: I am just a bot trying to be helpful.

I posted the crunchbase article in cryptocurrency an hour ago.

I knew I was onto something interesting!

Better buy Iex.ec when it can't be any cheaper

guys golem it's a long term investment. Suck as augur, can reach a 20$ dollars, golem now is in alpha and the philosophy of a super decentralise computer, for a medical user and general development is a revolution. Stop speculation. Buy a good amount of golem and wait.

It won't work and even if they put in enough effort to somehow get it to work, it will not be efficient or scale with the current design as I understand it. The benefits aren't as high as idealists seem to believe in exchange for the very high risks but I'm in support of Golem because it might solve some research problems. I just don't see it being a production ready implementation any time soon.

There might be better ways to go about this.

Golem is indeed in alpha with very little in production, their first project already exists via bitwerk (paid) and BURP (entirely free). You're overestimating the desire for decentralized video rendering.

Why would I pay for computation that I can get for free through BOINC

@dana-edwards Golem could be threat for google clod services

No, it wont because it's not going to scale from what I see and also will take a long time to develop over Ethereum. I don't see it being like Google any time soon but the hype would have people believe this.

Sure, in 10 years maybe, but there are going to be other projects which will have better more experienced development teams, built on better platforms than Ethereum, within that 10 years.

@dana-edwards I would agree with you.

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