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Author Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer  (Read 449657 times)
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ImI
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February 05, 2017, 01:17:04 AM
 #3641

Three short questions on above:
1. Who and how will control the guard nodes then, so they don't cheat?

Thats an important question, cause if everyone is able to launch a guardnode, you have automatically the sybill-attack-issue.
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February 05, 2017, 03:28:48 AM
 #3642

Is there an exchange selling Elastic tokens or have I officially missed the boat?

Project sounds very interesting but hesitant to learn more unless I know I can invest financially.
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February 05, 2017, 09:16:25 AM
 #3643

Is there an exchange selling Elastic tokens or have I officially missed the boat?

Project sounds very interesting but hesitant to learn more unless I know I can invest financially.

Right now you can't buy XEL. You have to wait at least to end of February, maybe main net starts then.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
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February 05, 2017, 09:55:01 AM
 #3644

Is there an exchange selling Elastic tokens or have I officially missed the boat?

Project sounds very interesting but hesitant to learn more unless I know I can invest financially.

You'll need to wait for mainnet launch.
Then you can:
-wait for an exchange
-try to buy with escrow, but the escrow would need to wait until seller claims his XEL from genesis block, and transfers it to an address that you control.
Then, when you have your XEL, the BTC you paid could be released to the seller.
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February 05, 2017, 10:22:39 AM
 #3645

interesting project, anyone selling at good price in escrow? dm me plz

the xel are pegged to the priv. key of the btc address funds were send from, so you cant buy any even with escrow atm.

He could, if the BTC is locked in the Escrow until launch.
How could the seller proof it was not him who claimed the XEL in case the buyer alleges this?

escrow would work... as long as you haven't given your private key to someone else it would be fine. its all about trust right?
I will sell my xel but only for 1 btc = 1000 xel

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February 05, 2017, 10:41:52 AM
 #3646

interesting project, anyone selling at good price in escrow? dm me plz

the xel are pegged to the priv. key of the btc address funds were send from, so you cant buy any even with escrow atm.

He could, if the BTC is locked in the Escrow until launch.
How could the seller proof it was not him who claimed the XEL in case the buyer alleges this?

escrow would work... as long as you haven't given your private key to someone else it would be fine. its all about trust right?
I will sell my xel but only for 1 btc = 1000 xel
1000 old or new xel?
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February 05, 2017, 10:45:35 AM
 #3647

interesting project, anyone selling at good price in escrow? dm me plz

the xel are pegged to the priv. key of the btc address funds were send from, so you cant buy any even with escrow atm.

He could, if the BTC is locked in the Escrow until launch.
How could the seller proof it was not him who claimed the XEL in case the buyer alleges this?

escrow would work... as long as you haven't given your private key to someone else it would be fine. its all about trust right?
I will sell my xel but only for 1 btc = 1000 xel
1000 old or new xel?
that would make it 1$ coin, 100mio marketcap. after first real use case totally achievable imho, but speculation as always !! it would need quite of PR thought to get there..

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
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February 05, 2017, 11:10:45 AM
 #3648

interesting project, anyone selling at good price in escrow? dm me plz

the xel are pegged to the priv. key of the btc address funds were send from, so you cant buy any even with escrow atm.

He could, if the BTC is locked in the Escrow until launch.
How could the seller proof it was not him who claimed the XEL in case the buyer alleges this?

Escrow would have to hold both: The BTCs and the priv-key. So he could claim the XEL and then send them to the buyer and the BTC to the seller. If he cant, cause the seller did before him, he would just send the BTC back to the buyer.
It would be better if you both wait till it is listed in some exchange as this will not only solve escrow problem but you both can get a better deal.
What exchanges will it be listed to?
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February 05, 2017, 12:27:32 PM
 #3649

how many xels are there total?
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February 05, 2017, 12:35:13 PM
 #3650

how many xels are there total?

100 mill coins in total
This looks very good. hopefully the future is still growing well.. goodjob
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February 05, 2017, 02:30:32 PM
 #3651

Hi Community,

I am writing you to give you a short overview of what we have done so far, why we have done it, and what (from our point of view) still has to be done - and when. I have been moving to a new town in the last days, so

First of all, we had a last-minute idea - the idea of introducing so called super nodes. The reasons were:

1. Since earlier everyone had to verify work, we were very limited: we had very strict constraints regarding the complexity and memory requirement of work packages, simply due to the reason that the weakest node still has to be able to verify everything in a reasonable amount of time. Otherwise, netsplits or node shootdowns would be possible with complex long running tasks. With super nodes we are more flexible: we can set strict requirements that a super node's hardware has to meet and so can allow programs that run longer and use more memory.
Supernodes are basically nodes that do the verification and have no incentive to cheat due to a huge deposit. Contrary to other "well hyped solutions" we do not rely on trust at all ... all calculations and decisions that the super nodes perform can be publicly verified by anyone. For example by the so called guard nodes. These are nodes that randomly cross-check a small fraction of jobs. If they detect that a super node lied, its deposit gets forfeited.

2. Also, earlier a bug in the implementation (causing an infinite loop for example) could halt the whole network since every node is execution the task. Now, the network is safe from this. Also, the super node software will have emergency stop mechanisms that would prevent bugs to crash anything. Again, this design has several benefits here. It's better if one supernode freezes for 15 seconds before it detects the anomaly than if every node in the network freezes for 15 seconds.

3. Also, and this is a PR benefit, the earlier design effectively executed foreign code on the own hardware. While it's super safe due to Elastic PL's nature (our own programming language that does not allow to program anything dangerous), managers who want to use Elastic in their commercial setting might get scared. Now, nobody but the supernodes has to execute anything.


So where are we?
--------------------

We have the code base done that incorporates the new logic into the core client. The supernode functionality is there (except one little detail still missing - the guard node logic). And we have the miner done which - since super nodes and miners execute the same code - can be used for both.

What is missing with deadline dates
----------------------------------------

The following packages are still missing and are planned (not promised) to be finished as follows (London time):

09.02.2017 - The core package with guard logic is finished and goes into code-review mode
12.02.2017 - The supernode extension was added to the miner so that it can be used to verify work of others
13.-14.02.2017 - I am offline
17.02.2017 - Guard node software is finished. Parallely, everything goes into testnet mode for heavy testing
18.02.2017 - Open discussion round here, about how things are working out and specially about the retargeting algorithm that we currently have (there were ideas how to get rid of it)
18-24.02.2017 - Grace period to fix problems that we found in the test net
26.02.2017 - I will have written all details about the system down (both technically and non technically) for those guys of you, who are responsible for the PR parts (website, video, whatever)
27.02.2017 - Last discussion here in the thread
28.02.2017 - Milestone freeze, first ready-to-use version should be finished by then. I (and all the others that work on the code) am/are just (an) interested code monkey/s who love/s fascinating tech. We will not launch anything, we just give the code to the community, so if the community thinks the system (that we suggested) is good, just launch it yourself by using it! Remember: we are doing it for you guys, and not to run a company or something by ourselves. Just do with it whatever you like.

Disclaimer
----------------------------------------
We do not run anything, we do not take responsibility for anything. We code because we love coding, and if in doubt just suggest the appropriate changes and we can figure things out. Nobody forces anyone to use anything, and nobody promises anything. We code as good as we can, ... to reduce the likelihood of bugs (which always may or may not occur) we would appreciate to get more eyes on the code. Also: if you think you can do it better ... then just do it!

After everything works out, I am sure we can think about new cool features that pop into our heads.

so that means 1st of March, the community can release it the mainnet.

then some Chinese exchange will list it.
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February 05, 2017, 03:10:43 PM
 #3652

got some good news from Chinese exchange platform, one of the biggest altcoin exchange may list XEL later.  Wink
do not ask me for the evidence. i will not share with you.

some exchanges will list this after release.
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February 05, 2017, 03:47:59 PM
 #3653

Is there an exchange selling Elastic tokens or have I officially missed the boat?

Project sounds very interesting but hesitant to learn more unless I know I can invest financially.

You'll need to wait for mainnet launch.
Then you can:
-wait for an exchange
-try to buy with escrow, but the escrow would need to wait until seller claims his XEL from genesis block, and transfers it to an address that you control.
Then, when you have your XEL, the BTC you paid could be released to the seller.


Yes, this mechanism is the best working one. But with one drawback - seller can always disappear or pull back his offer during the wait time, as he actually does not give anything to escrow. But buyer cannot do the same. Not sure if its a problem though.

... this space is not for rent ...
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February 05, 2017, 06:29:53 PM
 #3654

is there anyone here who has the desire to actually launch and maintain the mainnet once that is possible?

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February 05, 2017, 10:39:39 PM
 #3655

is there anyone here who has the desire to actually launch and maintain the mainnet once that is possible?

the elastic developer with the community will release the mainnet. Grin
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February 05, 2017, 11:11:41 PM
 #3656

Elastic is a great project, waiting for the mainnet release.

thank you EK

running farm worldwide
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February 06, 2017, 05:06:18 AM
 #3657

is there anyone here who has the desire to actually launch and maintain the mainnet once that is possible?

the elastic developer with the community will release the mainnet. Grin
I'm a bit confused . EK said he wouldn't do the launch. Maybe I misunderstood.

My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM
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February 06, 2017, 08:08:43 AM
 #3658

how is this better than golem?...I found about this on a trollbox


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February 06, 2017, 08:14:18 AM
 #3659

how is this better than golem?...I found about this on a trollbox
http://elastic-project.com/comparison_with_other_solutions

.


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February 06, 2017, 08:37:38 AM
 #3660


Where to buy xel?
what the  price?
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