Was Gordon right, or wrong, or both, when he famously stated that “greed is good”?
Some truths are eternal…second rate products can be taken to the top by first rate teams. Or to put it another way, style over substance, and all that stuff.
Equally the “shiny object syndrome” can rule when it comes to making a judgement call on whether to invest or not. Against better judgement in most cases. Avoid!
All of which is a long-winded way of saying that nothing is what it seems on the surface.
Tulips, gold, precious metals, Bitcoin, Antcoin, and so, so many other variants of the same themes.
The South Sea Bubble, the list goes on. They all speak to greed, emotional decision-making and the mania of the masses in chasing the next big thing.
If it is big, grey and wrinkly, has a trunk and sits in the corner…there is definitely an elephant in the room. So let’s get to it.
Blockchain is different to crypto, on the one hand. On the other hand, I have four fingers and a thumb. And they are both different to CGI imaging. And all are different to gaming, be it console or cloud based, on the other.
But what they all have in common is the need for processing power. To the ignorant, and some if not all of the tabloid media, crypto and blockchain are one and the same. Given Facebook’s foray into crypto currency with Libra, some of the debate might become more informed, as crypto goes mainstream, so to speak.
Who gets richer- the drivers, or Uber? Duh, not even worth a moment’s deliberation.
So, who got richer, as a group during the gold rush? The miners? Or the hardware and equipment (picks and shovels) sellers? Correct. The latter.
However and (teaser alert) what if you were a miner who understood the rate of return and that each and every time you panned for gold you were guaranteed a result? This is what Gaimin has achieved for gamers.
Smaller more consistent “strikes” would have been the holy grail for miners. For every one that struck it rich thousands were stuck in poverty and had only dreams to keep them going.
Simply put, it is not the ownership of an asset which makes it valuable. It is the control of the supply of a scarce resource.
When a miner decided to invest in a “stake” in the form of a defined plot, it was simply a way to not lose out. At the very least. But it was as far removed from a sure thing as was possible to be for most of them.
The scarce resource of land and the necessary resources of tents, picks, shovels, pans and so forth was where the real money was made.
There is a scarce resource in the world of the blockchain, too.
Blockchain is mainstream. Blue chip companies know that, and along with artificial intelligence, it is coming, if it is not already permeating day to day life.
Or maybe another analogy will help to get the point across?
If someone came along and offered to install solar panels on your roof, for a small fee and to give you a percentage of the fee earned for say 20 years would you accept the offer? If it had proven technology underneath it and verifiable returns?
What if you recommended a few friends and they did the same? And you got a smaller percentage of their power generation as well?
All you have done is squiggle your signature on a document. Or maybe you have installed an app on your mobile and just clicked the accept button?
That is a demonstration of the use of an asset rather than the ownership of it. The company maintains the solar panels. They have a vested interest in doing so, after all.
And now, we come to the point.
Imagine that you needed to deploy massive computational power to render graphics for CGI related media – movie studio filma, games, massive math, whatever…are you going to build a Supercomputer? OR are you going to use a solution which aggregates spare PC capacity through the web to deliver the computational muscle power you need?
It is not a difficult proposition to transpose these analogies onto what Gaimin is doing.
BECAUSE THAT IS WHAT GAIMIN IS DOING!
All of the building blocks are in place:
- The software – check
- The proof of market need – check
- The proof of the financial model – check
Gaimin takes dormant processor capacities of gaming machines. Dormant because they are idle, when games are not in progress.
It then aggregates this unused capacity to perform heavy lifting tasks such as CGI rendering and blockchain mining.
What Gaimin can return for its investors is not dependent on the value of an individual coin for example. We have, with our development partners, established a working prototype to mine only the most profitable coins.
The only artificial aspect is the A in AI, which enables real world results to be achieved.
Where we are now, and where you can crash the party:
Within weeks we will have gone live with our initial exchange offering. You may have found out about Gaimin in a round about way.
Investment is sought to move us on as we all have a stake in the business. We have painstakingly put the building blocks in place. We have an entrepreneurial team, backed up by professionals.
Our software development needs to hit the next target and can offer out to investors the chance to see rewards in the short to medium term. But we only want to attract individuals, businesses and organisations that understand what we are doing and how it all fits together.
We will produce regular update bulletins and are updating the blog section of the website with a verifiable bread crumb trail of our development and progress reports.
We have stacks of documentation to help clarify what and how we do, and how the investment is lodged.
Hyperbole is out
The potential speaks for itself. But if you are remotely interested in staking a claim to becoming an investor why not talk to Clive, our Chief Operating Officer, or email him at [email protected] ?
Do get in touch: it should prove to be time well spent for us all.