Hello All!
Golem is a great investment as it falls under the "Ethereum Network". As you know Ethereum has been on a tear lately. I do believe that golem will not only rise as it uses the super computing capabilities of the ethereum network.
There are several catalysts that I see coming for golem. The first being that people will be able to rent out their computers for processing power. This makes golem an attractive investment as it will not only have the ability to harness cheap computing power but sell that a low price.
Golem Brass is due to come out sometime this year. When it does golem will not only move higher, but it will allow regular users like you and me to monetize our under utilized computer. This catalyst alone will not only propel golem higher but will put it on the map for everyone.
As an attractive valuation, Golem is sitting in the top 20 currencies. Its developers include people from the Ethereum network and also people who are working with cloud computing.
Golem has several risks as well. The first being that it all depends on what people are willing to pay for its computing. As it stands their first customer will be companies that use "digital rendering", where they would like to have access to powerful super computers. These computers will not only save them time but also money as they can rent their power for cheap.
The second risk is on how slow the development team is on releasing new updates. Currently golem will take about 6-7 years on how to create a road map for future golem projects. Although this may seem far away it does pose a risk that other companies can uproot golem.
Watch my video below for further analysis on golem! Thanks for watching!
Golem goes against the core concept of decentralization. Having a world super computer gives the owner unlimited power ! The blockchain technology was never made for that.
hi,cryptobud you have invest in golem?
hmm i will think about it
ty for post
This article made me rethink Golem as well as all Ethereum-based tokens https://medium.com/@LyleCantor/a-tour-of-the-ethereum-token-bubble-493c489bd0ea I once thought Golem was a safe bet in the long term, but not anymore
Thank you for the very useful article!