Why Golem is a good long term investment

in #trading7 years ago

Decentralization of anything results in an open market which is proven to benefit consumers
Amazon’s cloud computing center currently hosts all of their servers, pays people to maintain them, has to pay thousands for cooling, and has to deal with various other logistics such as power costs. This ends up increasing cost for consumers.

Decentralizing the source of computing power by allowing individuals like you and me to contribute our spare computer power as sparingly as we wish will lower down the costs of computing power, making it cheaper for consumers. To give a comparison, there is a coin called SIA. SIA allows anybody with a hard drive and spare space to rent it out for money. They are selling storage TODAY 80% less than other competitors. Golem is the same, except instead of hard drives it’s computing power.

Lower costs to the consumer will bring more people to the coin, which will more than likely cause an increase in value. This provides interest for investors and users alike for a practical reason.

Miners have extra incentive to contribute

This is an unprecedented change. Miners for any cryptocurrency today create computers that feature the most optimal graphics cards available in order to mine. They choose the least powerful processors, hard drives, and ram possible in order to meet minimum requirements. Miners do this simply because they cannot monetize those products. Going back to SIA, miners can purchase extra hard drives and plug them in to their existing setups. Hard drives use very little power and can be added onto existing mining setups to provide miners with extra sources of income. Golem does the same thing, but for processors and potentially ram. Mining computers will physically see a change the more these coins are developed.

These features have never been seen before in any form of technology. They tackle larger corporations and are going to disrupt the way we purchase our storage and computing power in the future. Expect big things from cryptocurrency. Whether you are a potential investor or potential user, keep an eye out for Golem and SIA

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I agree with you but you should avoid copy paste! Good luck!

Found some good information and decided to share...thats all.

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