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[Evil-Knievel]

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[1715331247]

1715331247

[1715331247]

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[1715331247]

1715331247

[1715331247]

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[Dink]

intro changes to consider

para 1:  previously infeasible research to be accomplished

para 2: drop sub and just use projects
              does not work in the general case. to  does not work well (efficently) in general.
              for the users to for the ordinary user to
para 3: change scheme to system

i to would shy away frow the use of coin and token... it gives a childish impression to the whole concept.

[Evil-Knievel]

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[Dink]

no thanks , i like being invisible

[Evil-Knievel]

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[Cryptorials]

good point.
I would also drop the Coin and just name the project "Elastic"
and in the crowdfunding one can get "tokens" instead of coins.

[ELC] Elastic: A Revolutionary, Crypto-Driven Computation Cluster (weighted Crowdfunding)

Thanks for your ideas. I also tend to go this way.
However, I am not sure if the term "tokens" could devaluate itself from the marketing perspective.
In fact, ELC (coins or tokens) would (hopefully at some point) have an intrinsic value which is mostly determined by the price of comparable computation clusters available.

Any other opinions here from the rest of the community? We should find a consensus before the promotional video gets created (which will happen pretty soon).

I'd like to know how its going to work before making a decision on this, but I think we may want to keep the 'coins' instead of tokens, even if we drop them from the main title which I don't mind at all.

My reasoning is that I would anticipate a distributed network being less efficient than a commercial operation with wholesale electricity and so on, meaning that providing a competitive price for computation may not be easy.

One thing that attracted me to this was the idea that miners would also earn transactions fees - effectively subsidizing the cost of computation for the customer (and subsidizing the cost of mining for the cryptocurrency as well) and making this network highly competitive on price. But for that to work, you need transactions taking place, which means marketing this as both a computation cluster and a digital currency or 'coin'.

[Evil-Knievel]

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[Dink]

1.1 change to consider

para 1: about half way down - be on the safe sides to: be on the safe side
           near the bottom - get rewarded with a certain amount of ELC to: get rewarded with a determined amount of ELC crypto-currency, similar to
           the Bitcoin mining process.


I am a bit confused on the FAA attack ...it seems a miner would not know what he is working or at least should not know, so while he may submitted an algorithm he should not have access to nor know what he is working on.  It is stated in the Intro   "All this happens "behind the scenes" in a process called mining with out the requirement of manual intervention."  It seems there should be a seperation of miners from being able to know what they are working from the beginning.  I am assuming this manual intervention is equivalent to human intervention (miners). 

I realized my understanding of the behind the scenes is limited....

[Cryptorials]

One thing that attracted me to this was the idea that miners would also earn transactions fees - effectively subsidizing the cost of computation for the customer (and subsidizing the cost of mining for the cryptocurrency as well) and making this network highly competitive on price. But for that to work, you need transactions taking place, which means marketing this as both a computation cluster and a digital currency or 'coin'.

This is exactly how this will work.
I am right now working on the "system design" section. Expect it to be done pretty soon. I try to make the "big picture" clear not only from the technical point of view, but also easily understandable.

Phew, with all the technical talk about how it will work I have been worrying that the economic aspect may not end up being as I thought when I put my money in, so its good to know that this economic advantage will be preserved.

First version of the FAA section (mainly, the description of the FAA)

Minor things:

Is termed Blockchain and aims for preventing to prevent / for the prevention of

emerge from one block of which the longest eventually survives (add comma after survives)

the key idea is to working towards solving arbitrary computationally expensive tasks <- either 'to work towards' or just 'working towards', not 'to working'.

[Evil-Knievel]

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[poornamelessme]

I would also drop the Coin and just name the project "Elastic"
and in the crowdfunding one can get "tokens" instead of coins.

[ELC] Elastic: A Revolutionary, Crypto-Driven Computation Cluster (weighted Crowdfunding)

Hadn't considered it before, but I think you are right. 'Elastic Coin' sounds like a generic crypto ... either just 'Elastic' or 'Elastic Cluster', or something similar does sound a bit more professional.

I like the token idea too. Tokens would allow earlier trading too (such as how assets are traded on NXT, or how Maidsafe did things). But I don't think EK wants to go that way.

[drays]

I would also drop the Coin and just name the project "Elastic"
and in the crowdfunding one can get "tokens" instead of coins.

[ELC] Elastic: A Revolutionary, Crypto-Driven Computation Cluster (weighted Crowdfunding)

Hadn't considered it before, but I think you are right. 'Elastic Coin' sounds like a generic crypto ... either just 'Elastic' or 'Elastic Cluster', or something similar does sound a bit more professional.

Yup, I would have suggested to call this just "Elastix" (variant of "Elastics" as plural form of "Elastic")... But that name already is used by a popular Asterix-based PBX platform. Though telephony/VoIP is a different non-competing field, so probably the same name could be used here without implications.

[BlockchainDynamics]

I was thinking maybe something fun would be to call them "threads" instead of coins.  It might just be silly but there is kind of a fun double meaning because thread can be made of elastic and also threads of a processor.   

[robelneo]

This  seems to be a well funded and well planned project I have never seen a coin that generate so much interest when it is still 144 days for a launch,this could be huge ,there will be excitement as it move to it's launching goodluck to your team will bookmarked this thread and see how it unfolds..

[drays]

Yup, I would have suggested to call this just "Elastix" (variant of "Elastics" as plural form of "Elastic")... But that name already is used by a popular Asterix-based PBX platform. Though telephony/VoIP is a different non-competing field, so probably the same name could be used here without implications.

I love your idea, but as you pointed out: I do not want to risk to get any legal trouble with present approaches.
But really, i love it  

If you like the idea, it is is worth to investigate a feasibility of using that name, maybe later, when more important stuff is completed

One more unrelated input from me (hopefully useful) - the QR code shown on the crowdfunding page is either broken, or is really hard to read. My phone struggled for few minutes, and was not able to recognize it. I zoomed it in, inverted colors - no luck. I then just copied the address to first QR code generator website found by Google (http://www.qr-code-generator.com actually), made a QR code there, and my phone scanned it instantly without any problems.

So I suppose it is worth to check this QR code, and fix it, not to cause unnecessary strain on gadget-lover investors.. oh sorry - donators

[nihilnegativum]

Regarding the intro, I think it would be better to go a bit deeper into the functions of distributed computing (scientific and economic). Another thing I would suggest for the project is to drop the 'Coin' or rebrand completely, by its concept this isn't another coin, but something in the ranks of ethereum/augur etc. so calling it a coin really devalues it, and hides it in the multitude of all the clonecoins.

Very good point, I have never looked at it this way.
If you have a particular idea in mind feel free to apply your changes to the introduction and post it for reviewing. Also feel free to attach some sort of affiliation/acknowledgement.
Otherwise I would first finish the rest on the paper and then start polishing the introduction.

Thank you very much for your suggestions for now.

I don't know enogh to be able to tell you what to add to the introduction, but I have some considerations.

Distributed computing dedicated to solve a single task is a virtual supercomputer, composed of many computers working together for a single purpose. Scientific projects harness the power of voulenteer computers to solve computational tasks, the scale of such virtual supercomputers is limited by beeing voulenteer projects, profitable cryptocurrencies on the other hand produce larger networks of computation, yet waste their power on competing for profit and can't be harnessed to solve useful tasks. Grid projects need to be made profitable to scale up and PoW needs to be made useful for arbitrary computational tasks, Elastic makes PoW useful, but grid projects now have to compete with the profitability of crypto mining. So if (I don't know how or if this is technically solved by Elastic) the use of blockchain can mitigate the vulnerability problem of malicious nodes producing false results in grid systems, this could make it even more difficult. Redundancy would be costly if some amount of power would be needed to form a consensus, so I think other mechanisms are needed. I think that costs will be the main problem of Elastic computing, usually grid projects are used precisely because of their low costs, but when its economic, any computing project will need to compete with crypto mining, this alone is a very significant problem for such projects and any additional costs only make it harder.

Also, arbitrariness enables recursivness, will it be possible to hire elastic network to attack elastic network?


As for the name, I think elastic, elasticity or any variation https://en.wiktionary.org/wiki/elastic is cool, for the name of the coins or tokens, I'd just stay away from using the word token, as it now means something that serves as a temporary replacement. I personally prefer something that fits well with the name of the system and makes sense, for example elastic/elasticity.

First version of the FAA section (mainly, the description of the FAA)
Sources for the LaTeX document are in the github repository.

I found some grammatical errors:

aims for preventing = aims to prevent

on the safe sides = on the safe side

[Evil-Knievel]

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[Dink]

It looks like the diagram is missing to3, and there us no arrow back to the buyer for his answered algorithm.

i have some more sentence changes but it will ge a few hours, before i grit to them

[Dink]

changes to consider

para 1:  major driver  -  facilitating agent
               general idea - general objective
               in exchange for their.... -  in exchange for their resources contributed in the calculation of certain task.
               to solve their own task...  - to solve their submitted task (work packages)
                That is required so that... -  The escrow is required in the event a miner does not ...

[Evil-Knievel]

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