Bitcoin Forum

I found out that Elastic (https://bitcointalk.org/index.php?topic=1396233.0) is a scam. Why?

Anon dev (no dev team) - check
Scammers always find some reasons not to disclose real names. No real persons = 99% scam.  PRO TIP: never deal with devs that don't have working history or at least verifiable public profiles (facebook/linkedin/ect).

Bought account - check
If you read old messages you'll find that they are completely different from what the OP's posting now. Btw, it's a new trend scammers no longer use newbie accounts so always double check accounts with history.

No code snippets or videos - check
Scammers can never provide any proofs like a demo or a working prototype, or at least code snippets or videos of the product.

Self-mod topic - check
Scammers don't like any critics and are never open to a free discussion because they are afraid of their scam will get exposed. Also, the dev removed my message where I was requesting screenshots.

Far from reality - check
Scammers always do unrealistic goals like creating a decentralized supercomputer with a minimum budget of 100 BTC and one-man dev team.

Also, scammers are almost always in a hurry. (not this one)

I've been on this forum for a while and participated in many IPOs/crowdsales and got some experience. And according to that experience I can sadly say Elastic is a scam with 99.(9)% probability.

The removed message:

Truth right here.

rofl, checked his posts and Lannister is a hardcore believer that the earth is flat, not round.

Anon dev (no dev team) - This forum was created by an anonymous developer called Satoshi Nakamoto

Bought account - i agree

No code snippets or videos - i agree

Self-mod topic - Lately, there is no other way to maintain a civilized language in a thread. Unmoderated threads are full of people screaming "you are a scammer" with zero evidence.

Far from reality - Scammers always do unrealistic goals like creating a decentralized supercomputer with a minimum budget of 100 BTC and one-man dev team.

A one man dev-team created Bitcoin.
A one man dev-team created Linux (Linus Torvalds)
A one man dev-team created gcc and emacs (Richard M. Stallman)
A one man dev-team created the first mac (Steve Wozniak)
.
.
.
.

Yes I'm sure you have put a lot of time and money on this scam.

Yes plenty of time! The whole fucking 2 months to create a decentralized supercomputer!

First of all, I'm not able to read 16 pages but after I've requested screenshots you posted some coingen-like shit.

http://s018.radikal.ru/i522/1604/49/c750624d6a1ct.jpg (http://radikal.ru/fp/0fa2edc908f241e4bb4e33de506c2904)

Also the repos contain nothing productive. There's just a Novacoin fork with no changes, website, and whitepaper.

Made my day.


You don't know if Bitcoin were created by one man, a team, a government, or NSA. Neither do I.
What about the others - only the very basics of these things were created by a single man.

Pinned

Best Regards Christian

Sadly one is not allowed to disagree with anything that is said in the Elastic collective.  Any thing that is deemed negative will be deleted by Lannister.  I used to post occasionally there but no longer do so.  Greed, you did not say anything overly negative, but were expressing your opinion.  Certian individuals are more concerned with defending *bullshit* then getting the work done.

>https://github.com/elastic-project
>Contributions in the last year
>3 total
>Apr 5, 2015 – Apr 5, 2016
>3 total
>3

>constantly work on the client
>I frequently commit my work to the github
>github
>constantly

http://i.giphy.com/3ornk0t9msVC5hNRlK.gif

Update: a snapshot of the account with Novacoin fork from which the OP forked the mini-blockchain coin: https://web.archive.org/web/20160405134655/https://github.com/OrdinaryDude/elasticd

Update 2: https://web.archive.org/web/20160405135011/https://github.com/elastic-project

I used to post over there too. It took me a lot of posts, over three versions of their thread, to get some basic info. Now I won't say it's scam... I'd like to think it's not actually ... but at the least there is a lot of mismanagement over there.

I don't think anyone knows who Lannister is exactly. And he's not forthcoming with information. For reasons I won't go into (although EK might want to), they went through a couple of lead devs, all seemingly tight-lipped. Lannister said he wouldn't post a public ledger of how the funds were being used, which is sort of a no-no if a coin doesn't use escrow. Anyway...

Lack of escrow was the first red flag. Anonymous devs was the second. Odd ICO setup another... difficult to get real info another. Three threads, last one moderated, yet another.

I do think Greed has gone into Fud territory a bit, but that's sort of to be expected here. Not that I think he's a troll or has ulterior motives, but with so many scams in crypto land, it's natural for folks to go a bit overboard at times. I did warn EK that the types of critical posts in the Elastic threads weren't FUD .... they never got the scam accusations, or giant fonts, or tons of negativity... just lots of questions. But when a dev isn't completely forthcoming, scam accusations always follow.

Too many red flags for me to invest, but I do think they will eventually deliver a coin. No idea if it'll do what they initially set it out to do, however. At this point I think it'll be more of a situation where they deliver 'something'.

That was the exact turn-off for me. If the project is unrealistic to begin with, there's no need to wonder about it being a deliberate scam. Just avoid it.

So you can castigate it on the grounds that I'm part of a wicked Establishment?

So you were sincere?

Then it's best that we drop the matter. I expressed my opinion once in this thread, in this thread alone, and I promise you I won't bother you on the Elastic thread. I haven't posted anything there because it's your pidgin, and I'm not enough of a do-gooder to play thread-hijacker. I'll leave you and your project alone; if you show me up, then congratulations.  :)

Peace out.

It should be easy to verify if the current 'Evil-Knievel' is the same guy who discovered the third planted bug in the NXT code. That guy received a juicy NXT bonus for his efforts. Can Evil-Knievel send 1NXT from the account that received the NXT bounty? If not then you have proof he bought this account.

This could work.
Up for it, EK?

Lol someone donated coins after the scam got exposed.

Ignoring this request = scam.

Actually that's a very reasonable request.

Lannister is the one who I think most over there had suspicions of a bought account (or at least I seem to recall some guy going on about it). EK should be easy to verify though.

It wouldn't look good that's for sure. The NXT bounty was made public afaik, so there's no real privacy concern

Lol, there are still people donating to the project. So many assholes with money around here; I might as well run my own scam someday...

No, it it. Scams hurt the whole crypto scene. Those people who get burned invest less or don't at all so scams slower progress. Or it might be even worse when a good project cannot be funded and dies on arrival.

You better return all the funds you stole from people and publicly apologize. Think about the future.

Looks like the developer of Elastic bought the original 'Evil-Knievel' forum account. So simple to prove otherwise, so his unwillingness to clear this accusation up is damning

I say SCAM!!

I will wear a red feedback from a proven scammer as a badge of honor.

You do realise I've read the original E-K posting on NXT, and butting heads with gmaxwell previously. That guy would love to re-live his glory of finding the famed 3rd fatal bug in the NXT code. Your unwillingness to defend yourself is obvious to ALL readers. GAME OVER!

Prove me wrong and I will gladly sing your praises E-K - the real E-K once ripped gmaxwell a new one, claim your title as gmax slayer, or GTFO

Ok, good decision E-K! I really want Elastic to be legit (I did invest a little myself so far), so I hope you can indeed verify your identity as the gmaxwell slayer and NXT fatal bug discoverer as suggested above. Standing by for further details

Thanks, EK.

Got a little worried there.  ;D

apologies everyone, I seem to have attracted a stalker from here (https://bitcointalk.org/index.php?topic=1427408.0)

You can use this address if you like:

1LrWN6TwpBQzEeNRMoTQvZwxyv4ftxzVm8

Can you send a small amount from your account?
Just as a confirmation?

There is absolutely no connection between what you're referring to and E-K verifying he's the same guy as before controlling account 'Evil-Knievel'

please refrain from further stalking in non-related threads (hit me up in your own simcoin thread)

dude, see below for the context. I was not calling you a scammer (this is a thread about Elastic). Read below then you'll understand. E-K thought I was fudding and threatened to red feedback me, which I said I would wear as a badge of honor. Nothing to do with you or sim!


The problem for highly strung guys like yourself operating on hair-triggers is you go off into full-metal aggression when you're facts are wrong sometimes. That backs you into a corner where you really need to acknowledge you were wrong and made a mistake (hard for a tough guy to do), so you go full aggression and abuse, like what you're doing with simcoin for two years now.

 

Yes Lannister account is bought obviously. There is strong relation between Lannister and togesix:




Old Lannister/Togesix is kid from indonesia who makes little money with setting up and selling accounts with poor posts:





Somebody bought Lannister account to use for Elastic project. Not necessarily scam, but suspicious for sure. Lannister account took over responsibility for Elastic project from Evil-Knievel. For some reason Evil-Knievel has strong trust into suspicious Lannister account. So I conclude that Evil-Knievel is either very naive fool or Lanister account and Evil-Knievel are very close, maybe same person.

your logic is so seriously flawed I can't respond anymore. my belief that you're incredibly wrong in your campaign against simcoin DOES NOT give me reason to think you are a scammer, or feel any desire to accuse you of such. that's how an angry brain works. I'm not an angry person like you

please add me to your ignore list asap

If current Evil-Knievel is the same guy who found the NXT bug I feel a lot better for Elastic's prospects. That guy had good dev chops

Lannister connection I'm undecided. Let's establish E-K identity and see what happens imo

Maybe you really are a naive fool. Suspicious Lannister controls one multisig key. Nothing is possible without his key. If suspicious Lannister is a scammer he can say like "all the funds for the project are lost forever unless I get half of it". Suspicious Lannister has ultimate control over the funds. And he has been unwilling even to built trust into himself and the project.


@Evil-Knievel: Why do you trust suspicious Lannister account for one multisig key?

Just send the btc from the address when you can & till then, log-off from BCT.

The next time you encounter such trolling online, remember there is no real purpose behind their threads.
They will lie, exaggerate, and offend to disrupt any constructive conversation. Keep in mind that it is your suffering that brings these difficult people pleasure. They feel sadistic glee at the distress of others, so the best thing you can do is ignore them.

read the thread, someone made a scam accusation against E-K accusing him of not being the original 'Evil-Knievel'. I suggested a method for him to prove his credentials, which he accepted.

1- I did not accuse E-K of anything, just questioned why he wasn't dispatching the accusation
2- I am not trolling
3- I am being helpful
4- you are very rude

so go and submit a support ticket to simcoin exchange. I have nothing to do with sim other than being an IPO investor, like you were. I am however very sick of your childish bullshit, and I honestly believe you are wrong, and probably mentally ill, or a MEGA troll

This Lannister account is bought. This is no lie, no exageration, no offense to disrupt constructive conversation. This is fact.

Sad... too many projects of such kind on this forum... people be cautious 

Everything is perfectly fine with the project.

In that case, you might as well get back to it and leave the thread to smaragda. :)

And that is what would worry me.

I do hope EK doesn't take real concerns as FUD (as this thread seems to going off the rails), but verifying EK's identity, and ideally figuring out who Lannister is, would sort of help assuage some fears. No idea how the latter can be accomplished.

An open project is fine and all, but control of the funds is really with one person, one person with a bought account. Maybe Lannister = EK. Maybe Lannister = some stranger here in the forums. No idea.

The multisig key thing is sort of meaningless as a safeguard. EK even gave me a key (which I didn't want). But since I won't ever provide it to Lannister, it doesn't matter if there is a 3rd key or not.

Awesomee!
Thanks, EK.

Anyway, Elastic is a scam. You and Lannister have lied several times. You have no trust. What you have? The empty repo, no demo/prototype, no team, 80 BTC (less than $40K), no control on the funds, the bought account from a poor asian kid, and just 2 month until the release of a decentralized supercomputer. This scam is so obvious. One should be totally brainless to invest in such a 'start-up'.

You can respond no longer I don't care but I will keep posting the link to the thread.

Update:

Last time, huh? Ignore list? Officially?

Really, just ignore him. He derailed his own thread.

Answering real concerns is all that was important. The Lannister thing is the only real outstanding concern, although I have my own suspicions there. You verified your identity (or at least I think you did, haven't had time to check those addresses), so you are good there.

As to whether you can make the coin you set out to make ... well, it's not up to any of us to say if you can do so or not. It's the risk/reward game, and up to each person as to how much risk they are willing to take, how many red flags are too much, and so on.

Your still posting? This 'coin' is a Novacoin fork with no changes (= empty repo) and I archived the github so don't worry. I will keep warning people about the scam. I consider it as my duty.

Stop lying! Elastic has nothing to do with novacoin. What you write is not true.
You are such a poor troll, it's unbelieveable. Get some treatment, seriously.

Trolls  ::)

Thanks E-K, well done :)

I never called you a scammer, but as an investor in ELASTIC, appreciate your time in dealing with the accusation. It's settled afaic

This is my experience on Elastic:

i have invested some BTC at the beginning and when the elastic guys (the one who made the first topic) have changed the topic and the web site he gives to the investor the possibility to ask BTC back.

I have done the procedure with some of my BTC invested, really clear and easy procedure (the guy knows his job), and after 6h my BTC was given back.(more then 1)

I don't know these people real name, but i know that they are not scammers. They are nice people.

i hope this will finish this stupid thread, who knows me on this forum also know that my english is terrible and that i hate scammers, and they aren't scammers.

Hope Elastic will have a great future

Nothing to do, huh? How about this? Yandex cache (https://hghltd.yandex.net/yandbtm?fmode=inject&url=https%3A%2F%2Fgithub.com%2Felastic-project%2Felasticd&tld=ru&lang=en&la=1458309376&tm=1460143186&text=cache%3Ahttps%3A%2F%2Fgithub.com%2Felastic-project&l10n=ru&mime=html&sign=7c3b9b04213b4e001933024021afe314&keyno=0) (mirror (https://archive.is/HKwU3)). You my friend, fuck up permanently.

Update: the page #4 has been archived too (https://archive.is/lfbxM).

We are all in some way...

The OP clearly said no refunds.

Don't worry, I will enlighten you: https://en.wikipedia.org/wiki/Yandex
The page was cached by a Yadex crawler.

Greed are you fucking retarded?

This is the official repo: https://github.com/elastic-project/elastic-mini-blockchain

this is EK's repo: https://github.com/OrdinaryDude

this is how it works:
As you can see EK's is contributing hard on the project, you should be red trusted for being a liar fudder.

Let the haters hate! Let the trollers troll! At the end of the day, everyone knows that the Crypto Currency game is volatile, meaning I invested knowing the risks, Scam or Not!! Good luck!  ;D

Please people stop fudding this project, much work has been done on it and it is legitimate.

EK, please stop looking at and responding to this thread.

There is nothing you can do here that will silence your detractors.  The only thing which will do that - eventually - is the creation of a working product.  Please focus upon that.

Not sure, but after readin the whole thread I have found no solid proof from E-K that he is the original owner of his account. Mentioning here also the "I have my Trezor I will send you a transaction > Trezor is in the trash can't find it" and later just showing a few links from the old E-K story.

Also no escrow ico coupled with a moderated thread should hold up red flags for everyone. Hope people won't get scammed as it wouldn't do very good for the scene, but tbh not very much BTC was invested so far compared to the "proper" ICO startups like ETH/Lisk (and SYS in the past).

Look at how waves will solve the escrow as an example:

He's right on this. After getting entangled in some kind of brain-tangle upthread, I did exactly that. I'm not in, and I'm not commenting on the project. It's over to them.

tl;dr: Just say "I'm out" and leave them be. I'm sure you'll find something else on this board to divert your attention. ;)

I think that is one of the things that bugs me most about how the coin is being run.

Just saying 'If you don't like it, go somewhere else' comes across as unprofessional. I used to do some games development for a small company, and one of the hosts over there used to do that all the time. It always bugged me... 'if you don't like such and such, go play somewhere else'. And of course, they did ...  to the detriment of the company. It's something I just don't get, as although there are tons of trolls (they should be ignored), it's not that difficult to be more professional about things ... just be upfront rather than tell people to go somewhere else. Don't assume everyone posting something critical, or those asking questions, are a troll or are fudding.

Hope EK takes this as constructive criticism. It's a project I wanted to invest in, but simply couldn't convince myself to... keeping an eye on it though, and may eventually throw a small amount at later.
 

I am sorry to hear that you disagree with our policies and, as a consequence of that, you decided for yourself to not support us. Your main concern, as I recall it to mind, is for the missing escrow. We always have been honest, even in the face of discomfort, and knowing that this may wave some red flags we have decided against using an escrow service. I have never made a secret of this fact, and so I kindly ask you to respect this. I still hope that our project can, at some point in the future, convince you to come back to us.

@Lannister
What does the forked (https://github.com/elastic-project/elastic-mini-blockchain) Cryptonite (https://bitcointalk.org/index.php?topic=713538.0) have to do with the decentralized supercomputer?
Why did you remove this question from the thread?

It wasn't just the escrow thing that bothered me (and actually wasn't the point of the post I just made).

It was about a lack of professionalism. You responded just now in a polite and professional manner to me, so good there. Yet many times I have seen other people responded to as if they were automatically trolls... sort of a take it or leave it approach.  Now of course there are tons of trolls here, but every critical comment doesn't mean a person is fudding or in troll mode. Also not fond of the fact that it used to take seemingly forever (and lots of posts) to get a vague, semi-informative response, to very basic questions people were having. It always just struck me as odd.

There are certainly other things that I have issues with (such as who you actually are), lack of a ledger regarding spent funds, lack of a firm development team, etc. But every coin has some issues. That doesn't mean the coin is a scam, but it points to mismanagement. Again, I'll keep an eye on the coin ... right now my alts are bleeding, so it's not like I have tons of spare btc to invest anyway.

I think Unprofessionl is the perfect word.  Telling people who are wanting to donate to go somewhere else if they dont like it ...Get Real!

  The escrow has been an issue frow the orginal thread with lionel, it got carried over to EK and then to Lannister.  I think you have a fiduciary responsibiliry to comply with the request of the community involved.  You claim no one is incharge, yet you take it upon yourself to make  decisions that is against the wishes of the community at large.

The amount of time that is being wasted in this thread is unreal.  After I saw Lannister delete a couple of peoples comments for asking or raising pointed questions, I realized just how childish the thread was turning into.  I am corrected, it was not childish it was unprofessional!   

I told EK when he first took over after Lionel that there should be as much transperancy as possible,  escrow, ledger, lead devrlopers not hiding, basic information that has not been upfront. 

Like i have said before I have coins in this project, but reading thru these comments  I will continue to watch from the sidelines until things change . 

Thank you Poornamelessme for you comments.

You are missing the point if you think everyone's concerns just have to do with the lack of escrow. Plenty of ICOs don't use escrow. I've even invested in some (although it's been a while).

However, I will again make the suggestion to provide a public ledger as to how the funds are used, and ask investors their opinions on future use. Last time I brought up the ledger thing, Lannister shot it down immediately.

Well, I was thinking of something even simpler.

A public ledger -- how past funds were used, and where future funds are allocated -- for starters. That is very doable.

As for votes, you could either set it up via the website, or even just do simple polling here. It won't be scientific of course, nor would votes be relative to how much each person invested, but it'd at least be something. The ICO money is meant to be used to develop the coin, so I see no harm in at least asking folks once in a while what they'd like to see ... a simple A, B, or C option would suffice.

Again, not perfect, but doable.

EK removed all his messages from this thread but they are still available in cache. Also, he is running a bot that removes posts from all 'unwanted (https://bitcointalk.org/index.php?topic=1396233.msg14502007#msg14502007)' (mirror (https://archive.is/ZqYn2)) users. Someone still thinks it's not a scam?

I wondered what happened to the post I quoted yesterday. Not necessarily a scam, but somewhat bizarre. Not a fan of the trollish 'scam accusation' method of being critical of coins here, unless it's 100% definitely a scam ... ie Brooklyn Bridge Coin, own a piece of history ... that sort of thing.

The bot appears to just be mostly to remove your posts, as they were becoming spammy over there (at least to the best of my knowledge).

Curious if any investors over there will repeat the request for a ledger and at least some basic polling. It's a simple request, which I think even EK said was reasonable. I see no reason why they wouldn't at least provide something like that.

Your claims have been proven to be utterly false, but you keep repeating them nonetheless in a spamming manner.
What I see here is you who is trying to delegitimate a fair project (or at least far to be proven for being a scam) for unknown reasons.

Unmoderated Thread for Elastic Project: https://bitcointalk.org/index.php?topic=1437909.0
Come and discuss the project with no censorship.

lol in original thread my post has been daleted.

 i love you man  ;D

Just figured I would bump this thread about the OBVIOUS SCAM - ELASTIC! DO NOT SEND COIN!

Nobody is listening to you, go seek your attention elsewhere you loser!

Thanks for bumping the thread! :D

And... again! BUMP.

If the devs aren't proud enough of 1000s of hours of work, and hundreds of thousands of lines of code to put their name on it, it probably isn't what it seems/worth it.

1000s of hours have been put in, and all the devs receive is contempt? You are a hero, really  ::) In fact, you must be the hero of the heros.

Yes, contempt for hiding their identities in a world where you can barely start a business without revealing your whole identity. If being a hero is being a realist, please had me my cape.

Why hide ones face from something one has invested time and energy into? Either they are afraid if the fruits of their labor, or there is a nothing but poison fruit.

So Bitcoin is poison fruit as well, because Satoshi did not reveal his identity? Did I get you right? Or is this "a different story"?
Also, slock.it guys revealed their identity? Did it make things better?

Not that well-thought that is, is it?

Bitcoin is quite obviously not a scam, and the slock it debacle was a clusterfucks, not a scam. Tell me, what is a good reason to hide ones identy in this case (beiing a developer of an altcoin)? Why would some one do that? And has it ever worked, that is, has an anon dev project come to serious fruition?

I'm not knocking the coin, I don't know or really care about it. I'm just saying there is absolutely no good reason for a dev to hide their identity in this space. Point period blank.

Why do you seem personally invested in this concept? I seek not to diminish you, yet you react as attacked.

Well, I spend the last months contributing my thoughts and my time to help developing that project. And when I say "the last month" then I mean up to 6 hours daily, after I came home from my regular job. Before, I occasionally got involved in the Bitcoin Core development as these change logs show: https://github.com/bitcoin/bitcoin/blob/master/doc/release-notes/release-notes-0.10.1.md

Although I am just programming that thing, I will not reveal my identity whatsoever. Never did when I developed for bitcoin, and will not do that here or in any other projects that I get involved in the future.

Depite the immense amount of time I invest into developing crypto projects, I have to spend a great deal of time dealing with idiots, trolls, fucktards and sockpuppets as well. No matter what you do, you do it wrong. The user who created this low-quality thread (which seems to attract almost nobody due to the amount of dumbness and stupidity with which it was created) tried to force me into "proving" all sorts of things (that I really worked for Bitcoin and did not hack the changelog, that I still hold some BTC addresses from back then).

Not gonna do any of this shit either. If at all, I only look into this thread when I am taking a "longer" shit and need some entertainment in between. I don't take this guy serious at all. So should you!

@ Greedy So crazy how this community is judge, jury and executioner with out contributing one key stroke of meaningful code. Instead of yelling SCAM! Develop your own shit and try to get community support. Oh yeah, they'll just call your idea a scam too.

I can't even believe that you take this dude serious at all ... even for a second.

His posting history is full of posts demanding "birthcontrol for niggers" as he calls afro-american people (check here (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543)) and the "deportation of other multi-cultured people".

I am wondering why people come here and listen to this guy at all.

In the same way he defames other people, he regularily defames projects here on BCT. One thing for sure, he got my red feedback and I will strongly advise Lannister to file a legal complaint with whatever agency would be responsible for him.

You (actually the old owner of the account) made just one contribution. Just one! This is so fucking meaningless.

Bud this topic ain't bout me. I've made a statement about this project claiming it's a scam. Even not just claimed, I also argued it. This is called free speech. See that?


Birth control on niggers is a good thing. Israel knows it: http://www.independent.co.uk/news/world/middle-east/israel-gave-birth-control-to-ethiopian-jews-without-their-consent-8468800.html
No sanctions from USA for this because the US like it and wish they could have done this too but it's too late since the country's already black.
... but in Trump We Trust...

I know that you keep claiming that over and over again. Everyone here can actually check himself that you are nothing more than a simple liar.

For those of you who are interested, check the commit history:
https://github.com/OrdinaryDude/elastic-reference-client/commits/master (https://github.com/OrdinaryDude/elastic-reference-client/commits/master)
Every day (almost every day) tens to hundreds of lines of code are commited. This fucktard here has been told multiple times, yet he keeps ignoring the facts and still claims that there is no code and just one contribution has been made.

What a shameful, lying nobody this guy is! Obviously lacking intelligence, and not even creative in his constant trolling. All he says is "Bump bump bump" ... not that anyone would care even the slightest shit about what this guy writes  ;D

This 'coin' is simply a NXT fork: https://bitcointalk.org/index.php?topic=1530312.0

OMG look at this! Sent feedback (seems like he does not really like what I do): https://bitcointalk.org/index.php?action=trust;u=159191

http://s017.radikal.ru/i409/1608/af/adf7bafbdd0ct.jpg (http://radikal.ru/fp/15c0dc080a49450caf73724c206130d5)

EDIT: Sent you some feedback.

SCAM ALERT ?

https://33.media.tumblr.com/3e760a305bd553ca95fc1fcdeff16930/tumblr_myzv9gV5Kn1sw1476o1_500.gif

I think you mean PROFIT ALERT !

In case you didn't figure it out yet these profiteer kidiots LOVE scams big time !
They get a hard little pecker and then dive on them chanting TAKE MY MONEY NOW !1!11!

Want to warn users ?
Declare it the most legit project in crypto.. that will keep the investors dregs away LOL

What you do? Don't act as if you would do something here.
Sorry, you do nothing!


You see? You are even too stupid to realize anything, let alone understand any code. You are just a little noone who needs his five seconds in the spotlight.
And because you are unable to get it with brilliant achievements, you try to do it with trolling.

Why do you care about such trolls? Back to coding!

Really get back to work. Go and fork another (https://archive.is/HKwU3) coin (https://web.archive.org/web/20160408082233/https://github.com/elastic-project) (mirror (https://archive.is/vPgZ7)).

Also, EK's sockpuppets:

ICOcountdown.com
xxxgoodgirls
Lannister

Of course these guys have puppets and *other* projects.
You think they are simply going to leave the free money machine ?

Fuck no.. roll out more scammy ICO garbage and cry FUD for bucks $$$

..rinse & repeat

Take My Money Now ?

Agreed this is one of the clearest examples of a scam I've seen in recent times. Well done for trying to warn people about it. It started with a newbie account whose real-life name was supposedly "Lionel Keys" posting as ElasticCoin. Immediately a few of us pressed for some kind of info to verify his identity (https://bitcointalk.org/index.php?topic=1362006.msg13928912#msg13928912) (given it was an ICO without escrow), which he said would be coming soon. In the mean time I began finding Evil-Knievel's behaviour in the thread extremely suspicious. He wasn't (publicly) in charge of the probject at this point but from the start was shilling hard (talking about how much he'd invested) and answering the bulk of the questions that were intended for the dev. It was obvious to me he was involved with the project whilst pretending not to be.

Every post from the ElasticCoin account was subsequently deleted from that thread (presumably when they realized they'd messed up and that there was no way to hide how shady the whole thing was), Lionel Keys disappeared (abandoning a project he'd supposedly spent months working on and preparing) and Evil-Knievel suddenly emerged as project lead.

I haven't enough time to dig through it, but here's the original thread. Evil-Knievel has also deleted every single post he made in that thread, though enough of his and ElasticCoin's original posts have been preserved in quotes in replies to show you what's going on here.

Deleted original ANN:
https://bitcointalk.org/index.php?topic=1362006.0

Quote from: Evil-Knievel on February 19, 2016, 09:46:04 AM

A very clear scam.

@OrsonJ
Well said.. lets warn users here !

Reminds me of BlockNET that helped kick start the ICO scammery into high gear.

Users LOVE Ponzi schemes for profit, it's just that they want to join a scam
..that is run by someone who is competent !

You profiteer dregs counting your pennies want a PRO scam  :D
..like that makes any difference LOL

Obvious Scam is obvious.

I haven't kept track of Elastic in some time, but I posted early on in their threads asking questions. There were always a ton of red flags... I can deal with some red flags, but it was like my red flag meter was on overload.

Getting answers to things like the dev team, or a real plan, was like pulling teeth. And yeah, EK would answer until he was blue in the face as to why escrow was a bad idea (to him) -- yet the whole time we are wondering why this random guy was the one doing the answering and not the supposed dev of the coin (Lionel).

Either extreme mismanagement, like on the brain-dead scale, or scammy behavior. The worst thing were the answers I got via PM from EK, in regard to Lannister ... supposedly he's just some random guy,  who EK didn't even know ... yet for some odd reason he hands the coin over to him to manage, along with one of the main keys to the ICO funds. No idea why EK thought that info would make me feel any better about investing over there.

I agree that does sound fishy and believable with out checking the topic myself.
Even though you say much of it was deleted.. YES a big red-flag.

When guys start a coin then delete their own comments or have it *vigorously* self-moderated
or have strange users popping up on day one as experts doing all the talking yeah be worried.

But i am curious since i never pay attention to ICO's
How does the ICO escrow work ?
Would users get their money back if the dev does not fulfill the starting plan ?
What kind of timing is involved ?

Back in my day (i am an old crypto coot now)
We had what was called "premines"
You all might have heard of them..
they were from back in the day when us old-timers used to do this this called "mining"
Anyway ;)
We would have some coin for example that came out sometimes with a 1 or 2% premine etc.
Then the dev's would say they would use that for various bounties or services or maintenance / code work etc

And guess what happened ?
All of crypto screamed SCAM !
On ALL coins.. ALL the time (that had a premine)

So.. explain to me how the fuck a coin that has 100% of the coins premined is not 90x worse ?

I use to say with premines we needed to keep the dev's feet to the fire.
This rarely happened though and the dev's knew it.
Coins have always gone through a popularity cycle..
So these cloners knew damn well if they waited long enough or trickle dumped the coins
..no one would ever know.
And often they would just dump them and who cares if anyone seen it.
OR.. make up excuses.

But it's all about co-opting the majority.
As long as everyone gets a slice of the pie you can run around driving a sledge hammer in old ladies faces
or give kittens aid's.. or make "Rape Coin"

If Berni Madoff made a coin you would all buy it.
And since it would get popular all exchanges would add it to get their cut of the fee's etc.

What is the point ? Care ? Of course not.. but yes i will tell you anyway.
To make a coin that beats Bitcoin and takes over for where it left off.
So.. f the project / coin etc has no reasonable chance in doing that then..

SCAM

.

Protection if dev runs away before releasing a working coin/wallet, malicious code found in wallets, or dev decides things are going horribly wrong and decides to end things themselves. It varies depending on what is entailed in their starting plan.

As for premines vs ICOs... it's all the same thing. Every dev is taking some coins somehow ... be it hidden premines, known premines, or ICOs. ICOs aren't necessarily worse, it's all the same thing, really. Just that ICOs can be more lucrative for devs, and investors (sometimes). ICO = dev holding a lot of his own coin, so incentive to raise price (to sell) + dev holding a lot of BTC so a means to raise that price. Then it just comes down to holders knowing when is the best time to get off the ride. If you want to call that a scam, so be it --  if using an outsider's perspective, every crypto is a scam, including btc. Market manipulation alone turns crypto into scam-land.

By now you must realize that nobody here (or barely anyone) has it in their mind they are playing the crypto game for any other reason than to make money. I am talking about investors, not devs -- they don't care if a coin has a purpose. They don't have this weird notion that such and such coin will really replace btc (which is barely used in the first place). Most don't care if the dev has an unusually large amount of his or her own coins. It's not a great idea for a coin's longterm health, but longterm here is like 3-6 months.

It's about watching whales move the charts and trying not to get killed in the process. It's all a game, and if you view it in any other way, you are really wasting your time here.

I already knew the intent of it.. i was asking about the logistics.

This reminds me of when you NOOBS here recently were getting trolled by BitcoinEXpress.
All of you lined up to lecture the guy on his patronizing "playing dumb" questions.
Even ICEBREAKER got in on it LOL

I caught on from his first post right away what he was up to.
But the reality is most of you have not been around long enough
to even know why that is funny.. yet feel compelled to lecture him (or me) or anyone that so much as talks.

Not trying to be mean guys either.

And my question WAS sincere.. i was trying to ask how it would work technically in most cases.
i hope you all do not forget the level of scammy shit that happens in the ESCROW scene either.
I *DO* expect you all to know the Master-P escrow drama for example.

If you don't know Crypto then you should not be lecturing people on it.
This whole everything is legit attitude is bullshit too !
Especially when none of you step foot in the scam section here.

Anyway LOL
Yeah i can launch an ICO scheme then give you a name with or with out fake ID
then i can launch an ESCROW service myself or have a friend do it for me for a fee.
And are you all gullible enough to fall for that ?
YES ..you ARE !

You're ALL adorable little kids clutching your lunch money with stary eyed visions of crypto-profit dreams
unaware of the diabolical evil monsters that lurk within the shadows of Crypto !

Just tell me one thing.. Who will play Spoetnik in the movie ?

It will be called "The shadows of Crypto"

whoooooh sounds menacing and creepy & shit huh ?
Perfect for an October Halloween release in 2 months..

i can just imagine the movie-trailer voice over now (announcer guy with his deep voice)


The shadows of Crypto

Coming soon to a theater near you. (Torrents on Pirate Bay 1 month before that)

Whomever is doing the escrow would validate investor amounts, then return the coins to the investors.
I thought that much was self-explanatory. As to how they validate things, it varies by who is doing the escrow and how the ICO was paid into to begin with -- email addresses are checked, validated keys, etc

As for the escrows, sometimes (usually) they use multi-key accounts. I recall one ICO using a lawyer with one key, the other held by a CEO of a crypto company -- all listing their real names. Sometimes it's a legendary member who has escrowed for years here with a perfect trust rating.

In Elastic's case, Lannister holds one key, EK holds the other... and I was given a key I didn't want -- and no escrow, so they can use the funds as they get them however they wish. Of course that isn't ideal to a lot of people.

And if you actually read what I posted, "everything is legit" is basically the opposite of what I was getting at.
And something else that should be obvious by now ... nobody cares either way.

Legendary like Master-P ?

Bump. The last one (before the scam gets exposed).

Their ico ended several days ago, i didn't invest. It looks promising(maybe i ain't a scam check pro)

Evil-Knievel looks legit, but I don't know is this project legit or not.

Are you really asking this guy?
He admitted to downloading childporn and he demands birth control for afroamerican people (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543 (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543))!
Is this the source you are getting your information from? This guy is dumb as fuck, look at the quality of his threads  :D

Are you lannister?(XEL OP)

You are dumb. Your reflection is in the video. Soon you will be imprisoned for the scam. You'd better be ready.

Go fuck yourself, you loser.

You really better return the money to the people. No, I mean you had really better return the money. Elastic was an investment for the people and fraud is a very serious crime.

Lol. Russia, Moscow. Let's meet at the station (https://en.wikipedia.org/wiki/Petrovsko-Razumovskaya).

Don't waste your time for those please

LOL, why am i not surprised?  ;D

Ain't no sockpuppet! Just a supporter/ early donator.

I can't believe people can be that stupid (https://ip.bitcointalk.org/?u=http%3A%2F%2Felastic.pro%2Fschedule.png&t=567&c=pCeaDbsvZ1vqDw).

Worthless dumb guy. Every project has one.

How is it going, holders? :D

EK you are trying badly. You are still gonna have to do your time for the scam.

EDIT: Btw, the name and the idea were taken from the Golem Project (http://golemproject.net/) which is a real start-up with a real team.

Haven't they released a working coin? Or something? I haven't kept track over there, but assumed they released something.

Now if it does anything it was supposed to do as outlined by the initial project terms ... no idea.

And again you come only with 4 examples of one man dev-team, last months over here we got an army of one man  dev-team !

P.S. none of them ask for a donation.. to do his dream ! good bye now

The testnet is released, and it does exactly what was outlined by the initial project terms.
Greed will pay for his trolling campaign, I am pretty sure about that ;) This poor little man will be made even poorer, just for the fun of it!

How do you think golem? OP said you copied the idea from golem, is it true?

Firstly, the OP says that the project is a scam because it does not exist and is vaporvare even though he has been shown the opposite multiple times. Now, that the testnet has launched, he claims that the project is a scam because the idea is stolen from golemproject.

Come on, nobody stole any idea. Of course many voices demanded decentralized computation resources distribution back then (Elastic dates back to Feb 2016 I think) ... and Elastic came and did it first! From all the ideas that emerged during the last year, in my opinion Elastic reached the most advanced stage.

The OP becomes more and more of a joke  :)  

Golem's been here since 2015: https://twitter.com/golemproject (see reg. date) and even earlier (https://www.dynadot.com/domain/whois.html?domain=golemproject.net).
You can also contact anyone from the team and ask anything about the project.

All what you released was a NXT fork. And you are caught lying again.

Lying? In the Elastic thread we discussed to use a highly stripped version of the NXT client as the basis for several months now. Nobody was ever lying about that.
But we took only the networking and blockchain implementation part of NXT. Many things were added like Elastic's own programming language, a work manager, and all necessary transaction types that allow managing the distribution of work.
The UI has been redesigned and extended so people can upload their work (which they have programmed in Elastic PL) and monitor their completion status. Of course we also have a miner which downloads other user's works and works on them while constantly generating some XEL income. A Block explorer and a better website are currently on their way and are created by other members of the community.

Also, I have taken a look at Golem and they do something entirely different. They try to support Blender renderings and stuff like that. I personally doubt that would work. Also just because they have promoted some idea in 2015 doesn't mean that Elastic is not allowed to just DO IT! Maybe you are not allowed to do what you want, we ARE! And nobody has ever created a working distributed CPU resource allocation market before. We did it, if you like it or not.

After all, this is not simply a fork of NXT like you always try to say! But what am I explaining everything to you. You have been told that like 1000 times by numerous people! I bet you have no clue about all this anyway. I doubt that you would be even capable of setting up your own node and trying out Elastics features yourself. This leaves only one conclusion: you are simply a little troll with no competence, experience or knowledge in crypto whatsoever.  ::)

It's kind of sad because I think that it would be possible to have some really long and constructive arguments with you. At least you are active in other project's threads and also seem to be interested in the individual features other projects bring to the table. But somehow you chose to do nothing else than troll Elastic. I have no idea, maybe it's because you got too much attention from us!

Going well thanks, unlike your scam accusations. I really think you should change your username from -Greed- to -Twat- that is a more descriptively accurate one.

Well, easiest way to shut trollers up is to just do your work, get the thing released and on exchanges, and all will be good. I assume the ICO is over or winding down, so it's sort of meaningless anyway what anyone says here.

I'll keep an eye on it if/when it hits exchanges. Been busy and haven't been following crypto that closely lately.

Things don't look up.. How is it going, holders? Are you on Bahamas yet?

Lol, these assholes starting to understand: https://bitcointalk.org/index.php?topic=1396233.msg17544957#msg17544957

yes.

Can't we all just get along? Greed has (had) a point, but the way he's treating EK is uncalled for!

It's both a scam (because of Lanister) and a legitimate project (because of EK).

Elastic scam status is in a quantum superposition. :)

cant reach http://www.elastic-project.com/

http://www.downforeveryoneorjustme.com/http://www.elastic-project.com/

Elastic-project.com is DOWN
It is not just you. The server is not responding.

RAW WHOIS DATA
Domain Name: elastic-project.com
Registry Domain ID: 2064047937_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: https://www.namesilo.com/
Updated Date: 2017-05-17


aaah  updating, we gonna get some new website ?

http://www.elastic.pw

Golem doesn't do something completely different, it aims to do everything. Your main criticism of Golem is that it relies on a reputation system, but the reputation system is the only thing that will allow custom work to be completed and verified.

https://blog.golemproject.net/the-challenges-ahead-933f040cba95


The fact that you keep dismissing Golem as "LOL Blender!!!" is just sad.

Mmhmm

https://www.elastic.pw/blog/2017-04-15-status-of-lannister-and-ico/

"Lannister is gone. ICO funds are gone."

Orchestrated from the start.

And what exactly are you trying to tell us now?

Just reminding people about the XEL scam so they don't get scammed again.

http://archive.is/zoyYa

Status of Lannister and the ICO funds

April 15, 2017 by Unvoid

Lannister is gone. ICO funds are gone. We don’t know why. We don’t know if we ever see him again. It’s not like “he took all the funds and run away” because before disappearing he rewarded some of community members with some BTC for their work. He mentioned that he have some health problems also. That’s all we know now.

@OrsonJ: I understand your will to demonstrate your amazing foresight, but unfortunately your quoted post pretty much missed the mark, and there was no point in quoting it. If you care to invest your time in reading more about Elastic story, you will see why.

As for this:

You cannot be THAT stupid... I don't believe it. It is safe to assume you're just butthurt troll-manipulator.

But anyway - for everybody who read the bullshit quoted above:

Lannister was just a fund and community manager. He did not develop the code. And yes - he disappeared. But - here we come to the MAIN point, which makes this brilliant project stand alone of everything else - read this carefully: the project continued to develop and is evolving rapidly, thanks to the big and enthusiastic community and a team of volunteer developers! This is THE REAL CRYPTO COMMUNITY PROJECT, not just a ICO money grab, with paid developers working until they have the ICO money to spend.

Don't compare this to Golem or all other Ethereum-based ultra-hyped ICO - though they also have their merits, but they are driven by money only - they have just paid devs, hired by investors. Unlike this one.

So stop the bullshit, pretty please.

I point out a simple fact, you call me stupid. Funny how that works.

A little insecure, aren't you?

Ok, you are somewhat right, in fact I was refering to all your posts spread out in every single thread devoted to Elastic. The one I quoted here, is probably not enough to get the full picture of your attacks on Elastic.
In any case, it does't change anything I wrote above - the main point of my post is quite clear.

If you believe you are not stupid (as I told, I don't believe you are), and you don't have hidden agenda, then just stop wasting your time. I noticed Elastic community didn't welcome you from the beginning, but that is not enough reason to start your personal vendetta. Just use your time for something constructive. Life is pretty short to spend it battling in forums. You know there are no traces of scam here in Elastic in its current state, so don't turn into a butthurt troll, just relax and move on.

I hope we understood each other. I wont be bumping this outdated thread again.

Funny how karma works. I came here through viewing the lasts post by E-K and jumped out off the sinking scam. This project is doomed to fail.

Yup, EK's piss-poor attitude is what initially caused me to start digging into XEL's background. That's how I learned about these threads and their scammy history.

If EK hadn't been such a dick when I asked a simple question, I probably would've bought some XEL in the OTC thread.

Really glad I didn't. XEL has been one of the biggest losers in this recent dip and I honestly think they have no hope of releasing a worthwhile product, at least not with an insecure manchild like EK at the helm. They're also up against Golem, which is superior in every way.