We were on a roll, the impatience of some has pissed of the devs. Yes the alts are on the rise, but it could be a bubble. This isn't a pump and dump project. Look at Decent, all the fud they get and they won't launch until "THEY" say they're ready. So if EK states that the project is not ready for launch, we should listen. He's trying to do something unprecedented in the crypto space. NEM was tradable as an asset on NXT for months before they actually released. EK / Coralreefer - would it be technically possible to do something similar? I mean you guys could issue 100M Elastic-tokens on NXT and distribute it to the donators. People could just sign their NXT addresses with btc private key they used to make the donation, so you could send corresponding amount. At this point we would be liquid and we would *not* have to release the Elastic. When time comes to release MVP (I don't believe there is such thing as product that has 100% of features and is bug free) you would ask all the owners of Elastic tokens to send back the tokens to the issuer. That would probably require having an address on Elastic handy, so it could be included in that transaction.
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Unvoid, could you please set up the voting for the Lite wallet ?
Hold on - not that easy. Let's wait for EK's opinion on this I definitely do think that we do need to reach an agreement on what is required for stable base version and what we should strive to supply in the future as a fully viable system, and I think that the most eligible person to give insights to this matter is EK. EK can you please give us your opinion on these important issues?
then we can define poll options Exactly! We should first deliberate and discuss what are our options and how they are outlined, and then, and only then, cast our votes on the option we wish to choose. (Seems some people here sat on some extra spicy chilly... hold your horses and let us do this the smart way for the common benefit of everyone involved) Yup, had some chilli pesto pasta last night
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Unvoid, could you please set up the voting for the Lite wallet ?
It would be great if you could do that Unvoid. Thanks
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most senior members here agree for not launching a lite client I see and I agree +1 That's a speculation. Lets vote o elasticracy.
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Probably more likely that he doesn't know the timeline much more than us. He probably has a to-do list he is working on. And for every item he checks off, one or two more gets added. Holding him to a timeline for a launch would be ridiculous.
This is my fear and why I am for getting getting something deployed. I believe the more we test, the more we realize better ways to provide more flexibility / value to xel job authors and it becomes a never ending cycle. Ideally, I think it would be best if a solid version that includes basic ElasticPL functionality is deployed...but even with that we now have a couple question...do we stick with the POW model we have?, EK identified some issues with the underlying memory model so we need to determine if changes are needed there, etc...and this was just in the last 24 hours. Hopefully, people won't make their decision based on the bubble crypto is currently in...not sure how much longer it will be but I've got to believe this bubbles going to crash and we'll be right in the middle of that...so you won't see the huge influx of buyers. I base what I recommended to do solely on what I feel may help us get more devs to pick up some of the more mundane code fixes while EK continues to explore new use-cases. But I could be completely wrong "This is my fear and why I am for getting getting something deployed. I believe the more we test, the more we realize better ways to provide more flexibility / value to xel job authors and it becomes a never ending cycle." This has been my fear too... and it is exactly why I also think we should release first version of the main net that allows sending. Then keep it incremental, just add more things as we go.
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How to accomplish going from Lite -> Full Version? We would need a HF right?
Either a HF, or we could use the new soft fork voting mechanism where the other features become "locked in" if enough block generators set the proper flag in their configuration. Either way ... a software update will be mandatory! This also means, that some "less freqeuently online people" will end up with a non-functioning wallet. But if we use the new soft fork voting, they will at least not end up on a fork, their client just stops working when the "feature" gets locked in. Both to me sound ok. We are in a stage of rapid development, and it is normal to assume that all participants need to keep up with updating to the newest software. Later when project matures and is used by users (people actually using the super computer ), only then we should avoid frequent hard forks.
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This project is AWESOME
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Tomorrow I will show how to mine a Bitcoin block using Elastic People were asking for a real use case, so I thought this might be real enough. A task for a long night, but I hope when I turn on the coffee machine tomorrow morning (or afternoon) I will be done with an example that everyone can run locally. Looking forward to seeing this!
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Great to see so much progress guys.
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Testnet 1.0.3 ist live. Steps: 1. Delete the entire elastic_test_db/ folder. The old DB will fail! 2. Update to the current state: git stash; git pull3. Compile: mvn clean compile package4. Run: mvn exec:javaNow go ahead and destroy it! Great work!
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In the past we voted anonymously (by signing with our ico address) to make a joint decision, can we use this system to enable each ico participant to make a private anonymous contribution pledge to the future foundation wallet at mainnet launch? This can be done parallel to creating a btc donation wallet for immediate collection. I have no doubt that we will be collecting sufficient amounts of donations (xel and btc) while still keeping and respecting privacy, and the decision of each participant regarding the amounts he wishes to donate.
Taking percentage of XEL from the genesis block does not make any sense. When the main net starts and we're liquid then people can just send to a donation address when they want and how much they want. All we need is a donation address, no need to complicate stuff further.
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@coralreefer we need you. More than before.
Hope @coralreefer sees the signal!
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How i buy this coin?
You're going to have to wait until XEL gets listed on the exchanges. Technically you "only" need a main net launched, then folk can send XEL so you could buy it even from a person from this forum (in chunks for example). I'm sure a reputable exchange will list this awesome project soon after it's launched anyway. Regards
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EK said we'd have documentation for PR, website, marketing, etc. on the 26th of last month. There's been no mention of it since.
Once I am finished with everything and have brought everything to a point that it all works, I am outta here. I am dedicating a large portion of my life for this, many hours per day where others go swimming or watch some movies, and I really try to get everything right. And if something comes up that was not planned, I hit the reset button and do it over - just because I want to make it perfect for you guys. But the more I do, the more people demand from me without even honoring what I have done so far. And if I need a few days longer I naturally become the asshole. What once began like a fun and thrilling project becomes a true burden. I don't even like to come here anymore, because all I read is "mainnet?" "why is no documentation there?" "why is not this and that there?" "where are you? You have not reported to me for 2 days". Regarding the status: almost done! The thing is ... do we want it "working somehow" or "working well". The working "somehow" is ready right now, the "well" needs some more testing over the weekend. We have supernodes for a day ... I don't feel comfortable to NOT test it well. Thanks for the update. If you have something new we could test over the weekend please drop a note. I could start testing it Friday/Saturday/Sunday night. Cheers
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@EK - thanks for the update, let us know when we can join testing.
Good decision to drop the separate SN process and incorporate it in to the main client.
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A good serious project like xel should be traded on serious exchanges that have the volume, exposure, respectability, it deserves. All small volume outlets should be disregarded. Take into account that it is much easier to create pump/dump scenarios (what we want to avoid) if the coin is traded on a marginal low volume exchange (of course it can be pumped on the big ones, but at least it takes much more finance to do so which makes it at least harder).
Totally right!
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cross posting!Well said ! But please don't forget that we have a working product and over 300 people here and on the slack that would do anything ( PR,.....) the second EK gives the green light !
I do love XEL. But I don't like unnecessary hype, which causes people to panic buy, then panic blame/sell. Best to be realistic and constructively critical. Working product? Let's not claim working product until: 1) it's actually launched 2) it's used to solve real problems Just having a working product is not enough, we also need a good portfolio of use cases / case studies. Answer me this: What is the main problem XEL could solve? (In its current about to be released form, not talking about speculation of what is possible down the road) i agree hype can cause some ppl react purely emotional and cause some economical damage, however imo hype (pump) is the best PR in cryptoworld. without it projects like xmr, dash, even ltc and btc would never get exposed to such wide userbase and get some kind of mass adoption. working product without exposure will stay under radar for long time, so long until something comes along and replace it!! so from my experience hype (pump) is necessary evil for project to get exposed and adopted. Problem that XEL solves? how about cheap computation power we all crave to have access to! although XEL devs don't like to promote it, elastic best selling point imo would be CPU/GPU mining/solving other cryptocurrencies. Very well said, hype is needed indeed as it's best PR. Apart from that it will serve as a catapult for the XEL to launch it in to the orbit! Because XEL is such an awesome project with great developers the price is only going to go up while more and more people use the Elastic network to power their work.
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Golem has several issues. One is for example that only predefined work-packages will be available and no language like EPL that allows to customized work. Longterm Golem plans also a special language to be able to process customized work instead of just predefined work-packages. Nevertheless in the roadmap that wont happen before 2018/19. Another issue that they still have to solve is their reputational system that is necessary to Golem as they are not auto-verifying delivered work but rely on past performance of the participant. Golem has other advantages like using the Ethereum network as a perfect medium for PR and external development ressources. They have still some way to go and will eventually come over these issues (even if EK doesnt think so ) but near term they are nowhere close to XEL. Yeah, I personally do not think so ;-) At least not if they do not fix the virtual-machine-mess. But this is just my personal opinion which might be wrong. I have told them all bugs that I see at the moment, so let's see what they do with it. The first reaction was, that I was laughed at in their slack channel ... but this might have correlated with my nickname "Long Dong Silver" somehow. Maybe they do it, and become a very great project. "Long Dong Silver" hahaha LMAO
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@EK last week in your roadmap, do you have any updates for us?
Whole package arrives as promised on weekend, including a full documentation and in fully operable state. The roadmap was reorganized a bit, but (from my side) everything went (and goes) as planned. Woohoo! So this weekend XEL launches???
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