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

[Kaznachej123]

Apparently, that's how ETH based crowdfundings work at the moment… I wonder, whether someone is buying up the tokens to sell them off at a higher rate. At least at firstblood, there were some giant buys.

    2 biggest golem investor invested in 1M $ 

[dreamhouse]

Apparently, that's how ETH based crowdfundings work at the moment… I wonder, whether someone is buying up the tokens to sell them off at a higher rate. At least at firstblood, there were some giant buys.

    2 biggest golem investor invested in 1M $  

those are the traders maybe?

BTW, is Elastic project the nextgen of Nxt?

[cyberhacker]

Apparently, that's how ETH based crowdfundings work at the moment… I wonder, whether someone is buying up the tokens to sell them off at a higher rate. At least at firstblood, there were some giant buys.

    2 biggest golem investor invested in 1M $  

those are the traders maybe?

BTW, is Elastic project the nextgen of Nxt?

so we can imagine how big XEL will be 

[mr.coinzy]

A successful decentralized super computer project is surely worth a lot in potential (if a solid product can really be delivered). It seems that Golem had good p.r done before their crowdsale... (did they give estimations on when they will deliver a working product?)
Anyone wants to play with some purely theoretical predictions regarding XEL's possible market value at launch (or shortly after)? We have months to play with guesses I suppose ;-)

[coralreefer]

We have months to play with guesses I suppose

In my opinion, XEL needs a lot more help from the community or those months are going to slip away quickly.  Seems like everyone is just sitting on the sidelines watching.

[Evil-Knievel]

We have months to play with guesses I suppose

In my opinion, XEL needs a lot more help from the community or those months are going to slip away quickly.  Seems like everyone is just sitting on the sidelines watching.

I am working excessively, so excessively that I had not so much time to chat on the Forum! I will push a "final prerelease" (from my Point of View) version with Genesis redeeming, the latest ideas of retargeting, and a live mining overview in the UI by this Sunday.

Coralreefer, is there something else open on your Side? Can I help you with something? I agree we need to finish things quick.
On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other. Anyway, after all I don't really care ... I just love coding great stuff and I leave marketing and politics and money and all that other crap entirely to others   Don't wanna deal with that at all.

[ImI]

A successful decentralized super computer project is surely worth a lot in potential (if a solid product can really be delivered). It seems that Golem had good p.r done before their crowdsale... (did they give estimations on when they will deliver a working product?)

I asked in slack and they said working product still 6+ months away.

[coralreefer]

We have months to play with guesses I suppose

In my opinion, XEL needs a lot more help from the community or those months are going to slip away quickly.  Seems like everyone is just sitting on the sidelines watching.

I am working excessively, so excessively that I had not so much time to chat on the Forum! I will push a "final prerelease" (from my Point of View) version with Genesis redeeming, the latest ideas of retargeting, and a live mining overview in the UI by this Sunday.

Coralreefer, is there something else open on your Side? Can I help you with something? I agree we need to finish things quick.
On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other. Anyway, after all I don't really care ... I just love coding great stuff and I leave marketing and politics and money and all that other crap entirely to others  

Once you deploy your updates to the testnet, I'll wrap up a few tweaks related to targeting (shouldn't take more than a day or two).  Also, I will need to test the algos I incorporated into the miner as the current testnet version isn't allowing me to submit jobs with the algos.

The one request I hope you can incorporate with the new version is that when the max POW or Bounty submissions are received, please return a different response than "dupplicate" so the miner can clearly look for this condition vs a true duplicate/error.

[ImI]

On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other.

Golem basically uses the abilities of the Ethereum-platform as some kind PR platform. On every meeting or congress for ETH the last 6 months Golem was also mentioned. Additionally to that their approach is different from us, they founded a company with early investors and stuff like that, eventually even getting some advice through consulting firms and what not. Its a different approach, but its not hurting us imo. They are raising awareness of the challenge both projects are trying to tackle. Its more or less win-win imo.

[Evil-Knievel]

On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other.

Golem basically uses the abilities of the Ethereum-platform as some kind PR platform. On every meeting or congress for ETH the last 6 months Golem was also mentioned. Additionally to that their approach is different from us, they founded a company with early investors and stuff like that, eventually even getting some advice through consulting firms and what not. Its a different approach, but its not hurting us imo. They are raising awareness of the challenge both projects are trying to tackle. Its more or less win-win imo.

Yeah, I think is fine for all of us, Still, I feel we (the people?) should not mix up things here. Golem, from what I understand, is just a market for idle computation power which rents out virtual machines to other people in a P2P manner. Great stuff, however, Elastic tries to be one panmictic supercomputer with bazillion cores all around the world. Anyway, you are right: totally different techs.

On the second point (but I think I am pretty radical about that): I always felt as the construct "company" is more of a contraindication than it is of advantage. Companies work slow, have a lot of management overhead, they work 9-to-5 instead of with true passion. All the great tech so far came out of cellars, garages, or anonymous geniouses who spend months of coding totally forgetting about showering because they are so thrilled about what they are doing. But that is just my point of view ;-) Others just need the "anticipated security" of a "company", which is fine!  

[mr.coinzy]

On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other.

Golem basically uses the abilities of the Ethereum-platform as some kind PR platform. On every meeting or congress for ETH the last 6 months Golem was also mentioned. Additionally to that their approach is different from us, they founded a company with early investors and stuff like that, eventually even getting some advice through consulting firms and what not. Its a different approach, but its not hurting us imo. They are raising awareness of the challenge both projects are trying to tackle. Its more or less win-win imo.

Yeah, I think is fine for all of us, Still, I feel we (the people?) should not mix up things here. Golem, from what I understand, is just a market for idle computation power which rents out virtual machines to other people in a P2P manner. Great stuff, however, Elastic tries to be one panmictic supercomputer with bazillion cores. Anyway, you are right: totally different techs.

On the second point (but I think I am pretty radical about that): I always felt as the construct "company" is more of a contraindication than it is of advantage. Companies work slow, have a lot of management overhead, they work 9-to-5 instead of with true passion. All the great tech so far came out of cellars, garages, or anonymous geniouses who spend months of coding totally forgetting about showering because they are so thrilled about what they are doing. But that is just my point of view ;-) Others just need the "anticipated security" of a "company", which is fine!  

I have to say: keep on the good steady work guys!! this is truly an inspiring endeavor!
Oh, and please don't forget to shower when needed despite the hard work ;-)

[ttookk]

On the contrary, I congratulate Golem, but personally I cannot understand the discrepancy between the disinterest in Elastic compared to the hype we saw in the Golem crowdsale, especially after comparing the technologies with each other.

Golem basically uses the abilities of the Ethereum-platform as some kind PR platform. On every meeting or congress for ETH the last 6 months Golem was also mentioned. Additionally to that their approach is different from us, they founded a company with early investors and stuff like that, eventually even getting some advice through consulting firms and what not. Its a different approach, but its not hurting us imo. They are raising awareness of the challenge both projects are trying to tackle. Its more or less win-win imo.

Yeah, I think is fine for all of us, Still, I feel we (the people?) should not mix up things here. Golem, from what I understand, is just a market for idle computation power which rents out virtual machines to other people in a P2P manner. Great stuff, however, Elastic tries to be one panmictic supercomputer with bazillion cores. Anyway, you are right: totally different techs.

On the second point (but I think I am pretty radical about that): I always felt as the construct "company" is more of a contraindication than it is of advantage. Companies work slow, have a lot of management overhead, they work 9-to-5 instead of with true passion. All the great tech so far came out of cellars, garages, or anonymous geniouses who spend months of coding totally forgetting about showering because they are so thrilled about what they are doing. But that is just my point of view ;-) Others just need the "anticipated security" of a "company", which is fine!  

I have to say: keep on the good steady work guys!! this is truly an inspiring endeavor!
Oh, and please don't forget to shower when needed despite the hard work ;-)

I don't understand how he finds time to jump over the Grand Canyon and stuff, with all the hard work he is putting into this…

Seriously though, I think there is no way around some kind of PR campaign. Those who feel unable to contribute to Elastics tech directly, we could really, really need your help in another regard: here are some questions that you guys may search the answers for:

- Who will be our main target audience(/audiences)? Who would want to use Elastic the most?

- What are their usual means of online communication? What social media do they use, who do they follow on twitter, what forums do they post in, what blogs do they read?

- How can we reach them?

- What ways of PR do you think would work best for the Elastic project? Banners? Blog posts? Hackathons?

- Are there respected members of this group, that we could reach out to, to get them interested and use them as multipliers?

I can't shed the feeling, that Elastics success hinges on a strong community (or the lack thereof). Tech is one thing. You need a working product. You can't expect too much applause for it, that is sad, but it is the way it is. What Elastic needs is multipliers, people in key positions, who tell other people about this project.

Now, let's talk money: if you guys are interested in your investment actually multiplying in value, you need to contribute. Don't look at me, my investment in this project is so small, it's not really worth it. I can't speak for E-K, coralreefer and so on, but they owe you exactly nothing.

TL;DR: just because you are not tech-savvy, doesn't mean you guys can't contribute to the Elastic Project. And if you want your investment to multiply in value, you should do your part. The alternative would be blaming the people who worked their asses off for not working their asses off hard enough.

[sotisoti]

It seems that Golem had good p.r done before their crowdsale... (did they give estimations on when they will deliver a working product?)

Here's the timeline

[cyberhacker]

from my understanding:

golem is p2p+smart contract(which is solving the micro payment)

xel is doing cyrptographic/mathematics level decentralized computing.

they are in different approach.

anyway, xel has great potential to stand among real innovations.

[beyinsi]

we can see prerelease version tomorrow?

[Evil-Knievel]

we can see prerelease version tomorrow?

When I say "prerelease" I mean that it has all features that I thought must be in it.
This of course means that someone of us still can come up with a must have last minute, which we all discuss and implement  . But for now, I think it's all in it.

I am right now testing testing and again testing 

[tipto]

Are you going to mine some CPU coins for testing? I'm curious to see how effective it is.

[wpalczynski]

How close are we to going live?

Makes no sense to start promoting if launch is still quite a ways off in the distance.

[coralreefer]

Hi EK, I ran into an issue today and wanted to get your thoughts.  I have re-added the non-compiled interpreter logic to the miner as I realized there may be people who want to run an XEL miner but don't want to install a compiler...they'll just have to get the miner binaries from someone.  

The issue is that the mangle_state logic for the assignment operator finds all memory locations on the left side of the operator and mangles them.  This works fine in the Java code and compiled C code; however, for the non-compiled interpreted code, everything is processed bottom up.  So by the time I get to the assignment operator, it's too late to go back and mangle the memory locations on the left side.  Let me know if you can think of a simple solution to address this...maybe just mangle the topmost memory location on assignment instead of all of them, etc.

Edit:  It's probably more complicated than that.  I also noticed that the interpreter goes left to right where the Java and compiled C to right to left.  I'm not sure if I'll be able to get the interpreted code mangling to match the compiled code.  Let me see if I can rewrite it to process the tree similar to how the Java code works.

[ttookk]

How close are we to going live?

Makes no sense to start promoting if launch is still quite a ways off in the distance.

While you are right, it is still not too early to think about how we will promote Elastic.