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Author Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer  (Read 449639 times)
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kryptopojken
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March 30, 2016, 08:58:12 PM
 #281

Can I send btc through my Trezor wallet?
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March 30, 2016, 09:10:41 PM
 #282

Can I send btc through my Trezor wallet?

Theoretically yes, I am sure there are a few tools that help you getting the private key from your Trezor mnemonic, but even if doable this will be pretty "hacky".
I think its best to send to an address of which you know the private key first and then, from there, donate. This makes the process a lot easier for you.
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March 30, 2016, 09:11:35 PM
 #283

Can I send btc through my Trezor wallet?

Theoretically yes, I am sure there are a few tools that help you getting the private key from your Trezor mnemonic, but even if doable this will be pretty "hacky".
I think its best to send to an address of which you know the private key first and then, from there, donate. This makes the process a lot easier for you.


thanks for the quick answer
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March 30, 2016, 10:49:10 PM
 #284

one question as an investor; what stops the hashrate from being used for malicious acts?
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March 30, 2016, 10:57:06 PM
 #285

one question as an investor; what stops the hashrate from being used for malicious acts?

Could you define malicious more precisely?

If malicious is "an evil piece of software that tries to steal or tamper with data on your computer" then I can assure you that this will be impossible. IO, Network communication, and a few more things should be disallowed. Everything else should be performed sandboxed to prevent messing around with other processes / the main memory / ...

However, if malicious is "a morally unacceptable task" then I am afraid we cannot do anything about it. Personally, I don't think that we have to think about having to be morally perfect at all in the general case. Everyone is free to chose what work he will work on, and (even if the main client does not support it) when someone has the desire to check work packages for their moral correctness before working on them, then he can do so whenever he wants. The standard case, of course, does not do any moral judgement.
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April 01, 2016, 08:29:05 AM
 #286

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards
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April 01, 2016, 01:16:24 PM
 #287

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards

First of all, thank you very much for your generosity and your trust. However, after a donation has been made, no refunds are possible. This is explained and highlighted on the website multiple times. Maybe you are able to sell your ELC to someone else for an amount matching your donation?

Please understand, that I have to be able to rely on Elastic's budget to ensure that resources are committed to meeting the goals that we all have. This is not possible if I have to expect an unknown number of refunds in the future.

No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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April 01, 2016, 07:50:46 PM
 #288

so what is the difference between elastic and novacoin (the source based on NVC)?
I really like the idea of elastic, but how will you change the source to reach the goal of the decentralized supercomputer?
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April 01, 2016, 09:15:04 PM
 #289

so what is the difference between elastic and novacoin (the source based on NVC)?
I really like the idea of elastic, but how will you change the source to reach the goal of the decentralized supercomputer?

Actually Novacoin has 0.00% in common with Elastic Project.

We are not changing Novocain's source at all and I thought this should have become clear in the last status updates. In fact we do something entirely different.
What we have right now is a mini-blockchain based blockchain that is prunable (by design), that scales very well, and that works using a proof-of-stake scheme (this has not been created by anyone before) to ensure the blockchain security (see the faster algorithm attack for why we do it). Taking this as the basis we are implementing the verifiable computation part which is required for the decentralized computer resource market where people can earn coins for contributing calculation power.

A few pages back there was a detailed status report.
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April 02, 2016, 08:33:27 AM
 #290

so what is the difference between elastic and novacoin (the source based on NVC)?
I really like the idea of elastic, but how will you change the source to reach the goal of the decentralized supercomputer?

Actually Novacoin has 0.00% in common with Elastic Project.

We are not changing Novocain's source at all and I thought this should have become clear in the last status updates. In fact we do something entirely different.
What we have right now is a mini-blockchain based blockchain that is prunable (by design), that scales very well, and that works using a proof-of-stake scheme (this has not been created by anyone before) to ensure the blockchain security (see the faster algorithm attack for why we do it). Taking this as the basis we are implementing the verifiable computation part which is required for the decentralized computer resource market where people can earn coins for contributing calculation power.

A few pages back there was a detailed status report.

Thanks for the answer. This is a good inovation
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April 02, 2016, 08:46:25 AM
 #291

This looks interesting to me.
I will deposit a small amount.
Good luck!

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Bgjjj2016
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April 02, 2016, 10:42:20 AM
 #292

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards

First of all, thank you very much for your generosity and your trust. However, after a donation has been made, no refunds are possible. This is explained and highlighted on the website multiple times. Maybe you are able to sell your ELC to someone else for an amount matching your donation?

Please understand, that I have to be able to rely on Elastic's budget to ensure that resources are committed to meeting the goals that we all have. This is not possible if I have to expect an unknown number of refunds in the future.

Hi Lannister, I've donated over 2.5 BTC to this project already, but my first 0.5 BTC went through my exchange. Could you please refund that and I'll redoposit with my Coinpurse wallet.
Thanks

My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM
Join the Elastic revolution! Elastic Network: The Decentralized Supercomputer 
ELASTIC WEBSITE|ANNOUNCEMENT THREAD|JOIN THE SLACK
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April 02, 2016, 07:15:46 PM
 #293

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards

First of all, thank you very much for your generosity and your trust. However, after a donation has been made, no refunds are possible. This is explained and highlighted on the website multiple times. Maybe you are able to sell your ELC to someone else for an amount matching your donation?

Please understand, that I have to be able to rely on Elastic's budget to ensure that resources are committed to meeting the goals that we all have. This is not possible if I have to expect an unknown number of refunds in the future.

Hi Lannister, I've donated over 2.5 BTC to this project already, but my first 0.5 BTC went through my exchange. Could you please refund that and I'll redoposit with my Coinpurse wallet.
Thanks

nice try buddy
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April 02, 2016, 11:14:10 PM
 #294

I've gone ahead and chipped in a little BTC.  Very ambitious project, so who knows if it can be achieved, but if no one tries we'll never know  Smiley
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April 03, 2016, 03:54:24 AM
 #295

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards

First of all, thank you very much for your generosity and your trust. However, after a donation has been made, no refunds are possible. This is explained and highlighted on the website multiple times. Maybe you are able to sell your ELC to someone else for an amount matching your donation?

Please understand, that I have to be able to rely on Elastic's budget to ensure that resources are committed to meeting the goals that we all have. This is not possible if I have to expect an unknown number of refunds in the future.

Hi Lannister, I've donated over 2.5 BTC to this project already, but my first 0.5 BTC went through my exchange. Could you please refund that and I'll redoposit with my Coinpurse wallet.
Thanks

nice try buddy
What a shame that no one trusts anyone , which is very understandable. I have screen shots of all my transactions . My first contribution was from my Exchange account. Even after I found out about my mistake of sending it via Exchange, I continued my support ( of course by my private wallet) for this project. I think it's an interesting project and I will continue supporting it.

My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM
Join the Elastic revolution! Elastic Network: The Decentralized Supercomputer 
ELASTIC WEBSITE|ANNOUNCEMENT THREAD|JOIN THE SLACK
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April 03, 2016, 05:06:10 AM
 #296

How is the ico going, how much so far, when does it end?
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April 03, 2016, 05:35:44 PM
 #297

watching... maybe investing :-)
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April 03, 2016, 10:24:16 PM
 #298

How is the ico going, how much so far, when does it end?

Too lazy to do an extra click? Go to the main page and see it right there. Seriously, why even ask this question when the link is in the main freaking page Smiley
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April 03, 2016, 11:49:46 PM
 #299

First of all, I got the flu so I was off for the last few days.

Just wanted to let you know that I am constantly working on the parts that I have decided to focus on and that I will try to give a detailed status update by tomorrow. I have made a huge progress regarding the base client with its PoS blased mini-blockchain scheme. I think we can safely assume this part to be finished, even though I will start a development branch on Github implementing Dazza's scheme: i still like it more than mine. Currently we just have a regular NXT based PoS scheme which is combined with Cryptonites mini-blockchain scheme and so is a novelty on its own.

Anyway, we have a fully working basis now which we can use to develop and evaluate the verifiable computation part which is essentially the core aspect of this coin. For those of you who didn't follow the entire thread: verifiable computation is required so the network can verify quickly (and reliably) that a miner has actually performed a certain amount of work on an arbitrary algorithm without actually performing the complex calculation itself over and over again.
Basically, Miners get rewarded for contributing computation power to solve complex tasks, and everyone else can verify that quickly and efficiently.

Now I will have to deal with the omnipresent faster algorithm attack (FAA) Cheesy


Just curious: Is anyone of you guys willing to work on the website? The FAQ section needs some input urgently.
I personally do not want to get paid at all as I am totally behind the open source idea but if you ask Lannister I am sure he will agree on rewarding you properly to do so.
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April 04, 2016, 03:28:39 AM
 #300

Elastic Project : An Interview with Lannister



Thanks to Lannister for the time!
You can click on the image to read it!

Enjoy Smiley

The Crypto World

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