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I doubt waves will even hit $15, let alone 50 or 100.
It would need to overtake LTC just to hit $50. No chance.
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How does this project compare to Golem?
This project doesn't compare to Golem. Golem is more advanced and capable in every way, and that's reflected in its marketcap. You can read a more reliable assessment of Golem's plans here: https://blog.golemproject.net/the-challenges-ahead-933f040cba95The XEL fanboys want you to think Golem is nothing but a glorified rendering machine, but that's only so they can trick you into buying their worthless XEL coins at 100x the ICO price: Task definition and verification
Golem requires a foundation suitable for creating distributed tasks of general and specific applications (e.g. rendering vs a custom application). A task definition framework and related API calls are being developed in order to streamline the creation process. By providing templates for common applications, this system will help users define task parameters and prerequisites, break tasks down to subtasks, and create verification and result collection processes. You might be interested in these other tidbits about XEL too: - The original developer (Lannister) abandoned the project
- There is no current white paper
- The new developer insists on remaining anonymous, which will most likely prevent XEL from being listed on major exchanges. It also means he can easily take the money and disappear if these coins ever become valuable
- The current marketcap was basically pulled out of thin air by the few people who hold the majority of XEL. 25k sats is an absurd price for this coin. Even 5k sats is a ripoff
Get a fucking life - if you really dont have anything better to do than constantly spam a coin thread, that is fucking sad. If I save a few more people from getting scammed by XEL, it's worth it! |
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Let me repeated one more time. Lannister was not the original developer. He did not develop any code used currently by Elastic
http://archive.is/zoyYa#selection-123.35-123.87Lannister 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.
I’ts not like he didn’t helped us. He helped a lot. Mostly on server and scripts side. Sounds like Lannister was a dev to me. And of course no one can keep up with the true "original" dev since they keep buying and wiping Bitcointalk accounts: https://bitcointalk.org/index.php?topic=1362006.0Hey you Lmbomoonshit, the last one you've got it already, you have to accept this reality that you missed out on cheap XEL, but I have good news for you : it is just the beginning and the moon you really wanna go can only be possible if you buy the XEL at current cheap prices or you would only be stuck with the " shit" part of your well deserved and respected name.
Cheers buddy to the Moonnn$
Guess what? XEL will never be listed on a major exchange. They don't accept coins with anonymous devs, and they will be notified of XEL's history (especially Lannister's theft of donated funds). Good luck dumping all your XEL on Heatwallet, I hear there's at least 1 BTC up for grabs over there! |
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This thread isn't really closed, but they'd like to hide it since the OP (Lannister) disappeared with the XEL donation money. They'd prefer if you post in their self-moderated thread so they can delete any posts that remind people of their scam: http://archive.is/zoyYaStatus 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. Now they have ANOTHER anonymous dev (surprise!) who could just as easily do the same thing. For all we know it may be the same guy. 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 (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=1362006.0Quote from: Evil-Knievel on February 19, 2016, 09:46:04 AM -snip-
I am currently invested in this coin with a total of 6.8799 BTC. A very clear scam. |
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XEL doesn't even have a current white paper and people think it's worth $30m? That's just plain idiocy. They can't even put together a functional website -- most of their links just go straight to GitHub. No team page. No FAQ. Abandoned by the original dev. It looks like a bad joke.
You really must be one very desperate person. If this is a bad joke to you, then what the hell are you still doing here? There must be something at least that holds you here? What is it? Aw, come on, it's healthy for a project to have at least one house troll. Interestingly enough, I don't see any posts from this person at SONM or other DEXputer* projects. *Hey, I think, I just found the worlds stupidest abbreviation! Who needs trolls when you have Lannister: http://archive.is/zoyYaStatus 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.Anyone buying XEL might as well light their money on fire. |
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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/zoyYaStatus of Lannister and the ICO fundsApril 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. |
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Worthless dumb guy. Every project has one.
Did you really just quote a scammer to prove that XEL isn't a scam? Talk about irony... |
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How does this project compare to Golem?
This project doesn't compare to Golem. Golem is more advanced and capable in every way, and that's reflected in its marketcap. You can read a more reliable assessment of Golem's plans here: https://blog.golemproject.net/the-challenges-ahead-933f040cba95The XEL fanboys want you to think Golem is nothing but a glorified rendering machine, but that's only so they can trick you into buying their worthless XEL coins at 100x the ICO price: Task definition and verification
Golem requires a foundation suitable for creating distributed tasks of general and specific applications (e.g. rendering vs a custom application). A task definition framework and related API calls are being developed in order to streamline the creation process. By providing templates for common applications, this system will help users define task parameters and prerequisites, break tasks down to subtasks, and create verification and result collection processes. You might be interested in these other tidbits about XEL too: - The original developer (Lannister) abandoned the project
- There is no current white paper
- The new developer insists on remaining anonymous, which will most likely prevent XEL from being listed on major exchanges. It also means he can easily take the money and disappear if these coins ever become valuable
- The current marketcap was basically pulled out of thin air by the few people who hold the majority of XEL. 25k sats is an absurd price for this coin. Even 5k sats is a ripoff
Lannister was never the original developer. He was community manager for a while. 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.
I’ts not like he didn’t helped us. He helped a lot. Mostly on server and scripts side.There have been multiple warnings about XEL. Someone even warned that XEL was a scam shortly before Lannister disappeared with the money: https://bitcointalk.org/index.php?topic=1426466.0And another one: https://bitcointalk.org/index.php?topic=1530312.0 |
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How does this project compare to Golem?
This project doesn't compare to Golem. Golem is more advanced and capable in every way, and that's reflected in its marketcap. You can read a more reliable assessment of Golem's plans here: https://blog.golemproject.net/the-challenges-ahead-933f040cba95The XEL fanboys want you to think Golem is nothing but a glorified rendering machine, but that's only so they can trick you into buying their worthless XEL coins at 100x the ICO price: Task definition and verification
Golem requires a foundation suitable for creating distributed tasks of general and specific applications (e.g. rendering vs a custom application). A task definition framework and related API calls are being developed in order to streamline the creation process. By providing templates for common applications, this system will help users define task parameters and prerequisites, break tasks down to subtasks, and create verification and result collection processes. You might be interested in these other tidbits about XEL too: - The original developer (Lannister) abandoned the project
- There is no current white paper
- The new developer insists on remaining anonymous, which will most likely prevent XEL from being listed on major exchanges. It also means he can easily take the money and disappear if these coins ever become valuable
- The current marketcap was basically pulled out of thin air by the few people who hold the majority of XEL. 25k sats is an absurd price for this coin. Even 5k sats is a ripoff
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So many FUD and low-ballers here. Don't listen to newbie and jr.accounts. Remember that elastic donation period was at the beginning of the 2016 till augost 2016. Check registration of the person who could donate during this period. Don't wonna check this thread anymore cause of too much FUD from newbies about gridcoin(don't even know about it). Just one person made several account and talking about gridcoin. Be careful!
Calling valid criticism "FUD" makes you look desperate and insecure. It shows that you can't form a rational counter-argument. And the fact that you don't even know what GridCoin is (a well-known distributed computing project based on BOINC and already traded on the biggest exchanges) shows how woefully uninformed you are. I've asked what makes XEL better than Golem and the response was nothing but outdated misinformation. That's not a good sign for XEL. When there's already a goliath in the market doing exactly what you plan to do and you can't explain why you're better or different, you have a problem. The fact that EK doesn't even seem to understand Golem is even worse. His canned response is still "But they're just doing Blender rendering!" XEL doesn't even have a current white paper and people think it's worth $30m? That's just plain idiocy. They can't even put together a functional website -- most of their links just go straight to GitHub. No team page. No FAQ. Abandoned by the original dev. It looks like a bad joke. This has all the hallmarks of a doomed project or a thinly veiled cash grab. What's your main account? I know it's your fake account man. You just made several account and spamming here your Gridcoin. Did you see me spamming at gridcoin's thread? Just open official website elastic.pw and find info you need. Person above made special gift for you copying info from website. He literally just copied a page from Golem. All that does is prove my point. Golem is the 500 million dollar gorilla in the room, and XEL is just another scamcoin with an anonymous dev who's waiting to run away with a handful of cash. Too bad you'll never get listed on a real exchange because anyone with an ounce of sense can smell this pile of garbage from a mile away. |
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(…)doing exactly what you plan to do(…)
I think you got it the other way around there, buddy. Nobody bothers to look at golem, that's why nobody answers. We are not in competition with them. Do they have a working product? XEL does. Admittedly, "working" as in proof-of-concept-state, but still. Last time I checked, which is a few months ago, Golem and Elastic were designed for different usecases; Golem for things like rendering and so on, Elastic for things which are, for lack of a better term, bruteforceable. Maybe they updated their roadmap since then, I don't know and I don't care. And with that, welcome to my ignore list. Golem and GridCoin both have working products that have completed projects. The ignorance here is stunning. You all stay inside your little bubble where everyone agrees with you and can't handle any criticism, and you don't even have the slightest clue about XEL's competitors. |
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So many FUD and low-ballers here. Don't listen to newbie and jr.accounts. Remember that elastic donation period was at the beginning of the 2016 till augost 2016. Check registration of the person who could donate during this period. Don't wonna check this thread anymore cause of too much FUD from newbies about gridcoin(don't even know about it). Just one person made several account and talking about gridcoin. Be careful!
Calling valid criticism "FUD" makes you look desperate and insecure. It shows that you can't form a rational counter-argument. And the fact that you don't even know what GridCoin is (a well-known distributed computing project based on BOINC and already traded on the biggest exchanges) shows how woefully uninformed you are. I've asked what makes XEL better than Golem and the response was nothing but outdated misinformation. That's not a good sign for XEL. When there's already a goliath in the market doing exactly what you plan to do and you can't explain why you're better or different, you have a problem. The fact that EK doesn't even seem to understand Golem is even worse. His canned response is still "But they're just doing Blender rendering!" XEL doesn't even have a current white paper and people think it's worth $30m? That's just plain idiocy. They can't even put together a functional website -- most of their links just go straight to GitHub. No team page. No FAQ. Abandoned by the original dev. It looks like a bad joke. This has all the hallmarks of a doomed project or a thinly veiled cash grab. |
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OP's claim: Double
Reality: Price correction
lol?
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Edit: Just read that XEL was basically abandoned by its original creator (Lannister), and someone named EK volunteered to take over but most likely won't stick around after launch. The more I read about XEL, the more ridiculous the current prices seem and the more I think it will plummet once it hits a real exchange.
Wait, is EK Evil-Knievel? Hahaha oh boy...
Stop trolling! Lannister, the original creator mentioned health problems before disappering and spread some of the original donations to other devs that have joined his project. After Lannister disappeared the other devs continued the development for a long time for free. Only recently have the devs received some donations from the community, including a alrge 500k XEL donation from one user. They are still working hard on the project, for many hours each day. Trolling? I'm just repeating what I've read in the XEL threads on these forums. Stop referring to all criticism as "trolling" and "FUD", it only makes you look desperate. The fact that you admit the original dev disappeared after distributing some of the original donations is extremely troubling. |
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Can anyone explain why Golem won't make XEL obsolete?
Golem is developing an API that will let anyone create custom tasks, and the whole point of their reputation system -- which is the main criticism of Golem on the XEL website -- is to facilitate custom work that couldn't be verified by a central authority (whereas general computing tasks like rendering could be easily verified).
I thought the whole point of XEL was to let people do custom work, but it sounds like Golem is already doing that?
https://www.elastic.pw/blog/2017-04-05-elastic-compared-to-other-competitors/That doesn't explain anything and it completely mischaracterizes the Golem project: https://blog.golemproject.net/the-challenges-ahead-933f040cba951. Golem is decentralized 2. Golem results are verified 3. Golem is not limited to general tasks (like Blender) If that's the best explanation you've got, I'm even more convinced that XEL is a scam / vaporware. |
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Can anyone explain why Golem won't make XEL obsolete?
Golem is developing an API that will let anyone create custom tasks, and the whole point of their reputation system -- which is the main criticism of Golem on the XEL website -- is to facilitate custom work that couldn't be verified by a central authority (whereas general computing tasks like rendering could be easily verified).
I thought the whole point of XEL was to let people do custom work, but it sounds like Golem is already doing that?
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All what you released was a NXT fork. And you are caught lying again.
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. 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-933f040cba95But the truth is that verification in Golem is use-case dependent. It has to be done that way, because only thanks to that Golem can do... everything. That cannot be said about Elastic, regardless how great verification is. https://redd.it/5iuvdvThe fact that you keep dismissing Golem as "LOL Blender!!!" is just sad. |
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Yesterday when I offered around 16k sats per XEL I got 6 offers and due to that I raised it to 18k and most where happy to do the trade. Today I am seeing quite a few people wanting to buy around 20k.
I am selling 5-8k as I want to keep a few XEL for myself. I am selling at 22k sats each. PM if interested.
I think below 20k XEL is undervalued but above 25k is overvalued. That's why I am going with a price in between.
I was about to transfer some BTC to the Heat exchange and put in an order around that price, but I'm just afraid this project might've gotten over-hyped by the little Bitcointalk OTC bubble. 25k would put the valuation at $41m, which means it would leapfrog GridCoin without being on a single big exchange... I'm afraid once it gets listed on a bigger exchange like Bittrex or Polo people might shy away from that valuation and the price could dip to 5k-10k. IIRC, these prices are already 40x the ICO price. I'm not into this tech stuff, but most of the people think that XEL is more advanced platform than Golem, that's why most of the buyers and the twitter accounts with lots of followers are buiyng and talking about it. People holding XEL think XEL is more advanced than Golem. The reality is that Golem is meant to do everything. It will support custom applications just like XEL, but all the delusional people in this thread seem to think only XEL can do that. I also noticed PandaWhale mentioned XEL on Twitter, but in the same Tweet he said it may already be overvalued. Golem seems to be aiming for a much broader market, and it took them years just to break $10m valuation. People are already selling XEL at $40m+ valuation. Edit: Just read that XEL was basically abandoned by its original creator (Lannister), and someone named EK volunteered to take over but most likely won't stick around after launch. The more I read about XEL, the more ridiculous the current prices seem and the more I think it will plummet once it hits a real exchange. Wait, is EK Evil-Knievel? Hahaha oh boy... |
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Yesterday when I offered around 16k sats per XEL I got 6 offers and due to that I raised it to 18k and most where happy to do the trade. Today I am seeing quite a few people wanting to buy around 20k.
I am selling 5-8k as I want to keep a few XEL for myself. I am selling at 22k sats each. PM if interested.
I think below 20k XEL is undervalued but above 25k is overvalued. That's why I am going with a price in between.
I was about to transfer some BTC to the Heat exchange and put in an order around that price, but I'm just afraid this project might've gotten over-hyped by the little Bitcointalk OTC bubble. 25k would put the valuation at $41m, which means it would leapfrog GridCoin without being on a single big exchange... I'm afraid once it gets listed on a bigger exchange like Bittrex or Polo people might shy away from that valuation and the price could dip to 5k-10k. IIRC, these prices are already 40x the ICO price. |
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Given that a good amount of coins will not be redeemed ( http://elasticexplorer.org/about/) and looking at other altcoin market capitalizations a fair initial price for XEL should be around 2.1$ in my opinion (around 78k satoshi). That would put XEL well over $100m market cap. Seems pretty generous considering GridCoin is still below $30m, and many people say Grid is more practical than Golem. How Golem reached $500m+ is beyond me... AFAIK they don't even have a working product yet. The only render test I heard of returned pretty unimpressive results. The XEL spread on Heatwallet is pretty interesting right now. Bids around .00017 and Asks at .00025. |
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