[ANN][XEL] Elastic Project - The Decentralized Supercomputer

[nihilnegativum]

I first thaught that mere quantity of increments of value was a trivial matter, now I think it actually is important. I now don't see it merely as a psychological difference, but more like a packet of liquidity, that does change something objectively, so a quantitatively bigger money supply would be better, especially when dealing with small markets.

[unvoid]

I first thaught that mere quantity of increments of value was a trivial matter, now I think it actually is important. I now don't see it merely as a psychological difference, but more like a packet of liquidity, that does change something objectively, so a quantitatively bigger money supply would be better, especially when dealing with small markets.

This is what I always said about cap. But lately people see many "ICO" with 100M cap and they think that this is somehow "gold" cap. And their main reason for that is "less coins higher price". Yeah, lets make 10,000 coins, let's see where we end (especially when we are building computer where calculations costs. I think that most of that people just want to list this coin on exchange, get rid of it with profit and forget). More coins, more liquidity and less spread in price. I don't know how some people can't see that.

1B would be much better but of course majority decides.

[kripteka]

1. When we will see GUI wallet?
2. How finally will be distributed XEL for everybody?

[unvoid]

1. When we will see GUI wallet?
2. How finally will be distributed XEL for everybody?

1. You can see and test it now trough https://github.com/OrdinaryDude/elastic-reference-client. If you want some tutorial to testing see https://vimeo.com/178616474
2. When software will be ready. First there will be testnet and Hackathon. If we will have 3 weeks without major bugs devs will launch mannet. Not sooner than two months.

[cryptodv]

Haven't been here in a while, how do I know how much XEL I'm due 

[unvoid]

Haven't been here in a while, how do I know how much XEL I'm due  

Get your public key and search here https://raw.githubusercontent.com/elastic-project/genesis-block/master/genesis-block.json

(if you don't know how to get your public key go to google and educate yourself)

[cryptodv]

Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?

[Evil-Knievel]

Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?

Well, so how does this coinbase system work? Do you have any type of key? I know that some coinbase users have at least "one private XPUB key" and "one encrypted shared XPUB key". But there is still this thing called Vault where I fear you have no key at all. I have no idea

1. why coinbase would want to implement such thing and give their customers no control about their BTC whatsoever
2. how you could cryptographically prove (to the protocol) that you have actually performed a certain transaction.

I am open for any suggestions. It would have been a lot simpler to follow the instructions which (when I remember correctly) said "only donate if you have the private key to the first input to your transaction".

Maybe you got one or two ideas here (regarding point 2)?

EDIT: Just a thought, does the coinbase vault always send from the same address? Or you not only have no control of your private keys but also no control where the money goes to or comes from?
You should really think to change your preferred wallet! If this is the case, then you can say BYE to your BTC if their site ever gets hacked, the database and backups get corrupted, or anything else. It's always best to be the only person who has control over his own BTC.

[cryptodv]

Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?

Well, so how does this coinbase system work? Do you have any type of key? I know that some coinbase users have at least "one private XPUB key" and "one encrypted shared XPUB key". But there is still this thing called Vault where I fear you have no key at all. I have no idea

1. why coinbase would want to implement such thing and give their customers no control about their BTC whatsoever
2. how you could cryptographically prove (to the protocol) that you have actually performed a certain transaction.

I am open for any suggestions. It would have been a lot simpler to follow the instructions which (when I remember correctly) said "only donate if you have the private key to the first input to your transaction".

Maybe you got one or two ideas here (regarding point 2)?

EDIT: Just a thought, does the coinbase vault always send from the same address? Or you not only have no control of your private keys but also no control where the money goes to or comes from?
You should really think to change your preferred wallet! If this is the case, then you can say BYE to your BTC if their site ever gets hacked, the database and backups get corrupted, or anything else. It's always best to be the only person who has control over his own BTC.

Let's say I get this resolved with Coinbase, how will you distribute XEL? You're just going to send them back to the BTC address that were used to donate?

[ImI]

Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?

Well, so how does this coinbase system work? Do you have any type of key? I know that some coinbase users have at least "one private XPUB key" and "one encrypted shared XPUB key". But there is still this thing called Vault where I fear you have no key at all. I have no idea

1. why coinbase would want to implement such thing and give their customers no control about their BTC whatsoever
2. how you could cryptographically prove (to the protocol) that you have actually performed a certain transaction.

I am open for any suggestions. It would have been a lot simpler to follow the instructions which (when I remember correctly) said "only donate if you have the private key to the first input to your transaction".

Maybe you got one or two ideas here (regarding point 2)?

EDIT: Just a thought, does the coinbase vault always send from the same address? Or you not only have no control of your private keys but also no control where the money goes to or comes from?
You should really think to change your preferred wallet! If this is the case, then you can say BYE to your BTC if their site ever gets hacked, the database and backups get corrupted, or anything else. It's always best to be the only person who has control over his own BTC.

Let's say I get this resolved with Coinbase, how will you distribute XEL? You're just going to send them back to the BTC address that were used to donate?

Whats so hard to understand about it? Basically the same procedure we use for voting. Generate XEL address and sign message with your BTC Key: "My XEL address = 7h3h38883hdhdh8"

Done.

[cryptodv]

Saw my transaction, I sent my "donation" via Coinbase. Will that be a problem, since I don't own the private key?

Well, so how does this coinbase system work? Do you have any type of key? I know that some coinbase users have at least "one private XPUB key" and "one encrypted shared XPUB key". But there is still this thing called Vault where I fear you have no key at all. I have no idea

1. why coinbase would want to implement such thing and give their customers no control about their BTC whatsoever
2. how you could cryptographically prove (to the protocol) that you have actually performed a certain transaction.

I am open for any suggestions. It would have been a lot simpler to follow the instructions which (when I remember correctly) said "only donate if you have the private key to the first input to your transaction".

Maybe you got one or two ideas here (regarding point 2)?

EDIT: Just a thought, does the coinbase vault always send from the same address? Or you not only have no control of your private keys but also no control where the money goes to or comes from?
You should really think to change your preferred wallet! If this is the case, then you can say BYE to your BTC if their site ever gets hacked, the database and backups get corrupted, or anything else. It's always best to be the only person who has control over his own BTC.

Let's say I get this resolved with Coinbase, how will you distribute XEL? You're just going to send them back to the BTC address that were used to donate?

Whats so hard to understand about it? Basically the same procedure we use for voting. Generate XEL address and sign message with your BTC Key: "My XEL address = 7h3h38883hdhdh8"

Done.

Dude, chill. Obviously If I knew that I wouldn't be asking. My previous post did state that I hadn't been here for a while, plus I don't own the public key in which I used to send the "donations"

[ICOcount.com]

I first thaught that mere quantity of increments of value was a trivial matter, now I think it actually is important. I now don't see it merely as a psychological difference, but more like a packet of liquidity, that does change something objectively, so a quantitatively bigger money supply would be better, especially when dealing with small markets.

This is what I always said about cap. But lately people see many "ICO" with 100M cap and they think that this is somehow "gold" cap. And their main reason for that is "less coins higher price". Yeah, lets make 10,000 coins, let's see where we end (especially when we are building computer where calculations costs. I think that most of that people just want to list this coin on exchange, get rid of it with profit and forget). More coins, more liquidity and less spread in price. I don't know how some people can't see that.

1B would be much better but of course majority decides.

yeah 1 billion is much much better.

hope the vote result will change if ppl see this

[nihilnegativum]

Let's say I get this resolved with Coinbase, how will you distribute XEL? You're just going to send them back to the BTC address that were used to donate?

I'm pretty sure Coinbase will not give you the priv key, I tried to resolve a similar issue for someone that sent a token to their ETH address not long ago.

[boomboom]

I sent from blockchain.info, am I ok?

[ImI]

I sent from blockchain.info, am I ok?

afaik yes

[boomboom]

I sent from blockchain.info, am I ok?

afaik yes

cool! they recently changed their interface and i feel like a noobie navigating the wallet now. I know in the past it was possible to access private keys on the old site, but the new one, I'm not sure how to do that.

[mr.coinzy]

I first thaught that mere quantity of increments of value was a trivial matter, now I think it actually is important. I now don't see it merely as a psychological difference, but more like a packet of liquidity, that does change something objectively, so a quantitatively bigger money supply would be better, especially when dealing with small markets.

This is what I always said about cap. But lately people see many "ICO" with 100M cap and they think that this is somehow "gold" cap. And their main reason for that is "less coins higher price". Yeah, lets make 10,000 coins, let's see where we end (especially when we are building computer where calculations costs. I think that most of that people just want to list this coin on exchange, get rid of it with profit and forget). More coins, more liquidity and less spread in price. I don't know how some people can't see that.

1B would be much better but of course majority decides.

yeah 1 billion is much much better.

hope the vote result will change if ppl see this

I think that there should have been more options (like 250 million for example) - would still be more preferable than 100 million.

[ImI]

I first thaught that mere quantity of increments of value was a trivial matter, now I think it actually is important. I now don't see it merely as a psychological difference, but more like a packet of liquidity, that does change something objectively, so a quantitatively bigger money supply would be better, especially when dealing with small markets.

This is what I always said about cap. But lately people see many "ICO" with 100M cap and they think that this is somehow "gold" cap. And their main reason for that is "less coins higher price". Yeah, lets make 10,000 coins, let's see where we end (especially when we are building computer where calculations costs. I think that most of that people just want to list this coin on exchange, get rid of it with profit and forget). More coins, more liquidity and less spread in price. I don't know how some people can't see that.

1B would be much better but of course majority decides.

yeah 1 billion is much much better.

hope the vote result will change if ppl see this

I think that there should have been more options (like 250 million for example) - would still be more preferable than 100 million.

there is an option for 500m, but it doesnt get much traction yet

[Redawn]

I created a thread on r/XEL it is an alternative discussion platform. I don't want any angry people, only saying that a platform such as reddit are better readable on you mobile device and there are possibilities to ensure transparancy. Thanks

[bspus]

More coins, more liquidity and less spread in price. I don't know how some people can't see that.

1B would be much better but of course majority decides.

More coins, more spread in price unless you move to a lower base market (like LTC)

That's because more coins at the same market cap means lower sat price per coin. And as you approach single digit sat prices, spread increases

At 5M we would start with 5 digit sat prices (assuming beginning prices at roughly cost)

I really can't see liquidity as a problem in any crypto. 5M is no different than 500M with 6 instead of 8 decimal point. And I don't see the 7th and 8th decimal point becoming significant anytime soon even for bitcoin, let alone any other altcoin