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

[kryptopojken]

Can I send btc through my Trezor wallet?

[Evil-Knievel]

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.

[kryptopojken]

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

[Nixon.Nox]

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

[Evil-Knievel]

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.

[Mrboot]

Devs

Is it possible to have the ico deposit refunded?

Let me know

kind regards

[Lannister]

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.

[CB_project]

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?

[Evil-Knievel]

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.

[CB_project]

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

[BlackFor3st]

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

[Bgjjj2016]

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

[Relaxedsense]

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

[coralreefer]

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 

[Bgjjj2016]

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.

[MadCow]

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

[naj]

watching... maybe investing :-)

[cryptoboy.architect]

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

[Evil-Knievel]

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)


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.

[antho281]

Elastic Project : An Interview with Lannister



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

Enjoy

The Crypto World