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

[yosir]

@yossir you cant mix fair community voting as we have it here (every participant can give his voice with a vote to a question the community decided it is important to vote about) with "democracy" in our mordern world where yout vote a colour (party) and then they will rule for around 5 years and do decissions for you (mostly influeneced from other things but that would be a long topic).
so our todays system should not even be called democracy as they have nothing to do with it.
elastic is not just some individuals who made a small donation, everyone had the chance to participate it had a ultra fair timeline so we all have been same and people took a big risk during that time to dont know where the project will go to.

so in my opinion its much more fair (and maybe in future even better with a voting system that is more advantaged) to let the community decide what direction we want to go.

I think that we are bit offtopic but yet I will try to explain my point of view in very short way.

I strongly believe that the one's that actually do the hard work - should choose what will be done with it. Donations to projects - are what they are, donations. Not investments. so risk, timeline etc are not relevant as I DONATED to possibility of new great technology that is happening right before our eyes. ( I don't have anything against if I will make mil. or 5 in the process )
Their generosity of people who actually did something in this project, in giving all the work to people should not be exploited even if there is a possibility of it, without them agree to that, which I havn't seen. Thats more or less my problem with all this voting and choosing what to do with someone else's work (not mine, I am too lazy to something like many others - I gave money).

And you correct, Is kind of wierd hybrid of democracy, but yet it has all the problems of it, you never know how proffesional or rational people's votes, but let's leave this subject and focus on Elastic.

Not sure what's your point actually, but there's discussion each time a decision is required. Then the community votes.
Many ideas were discussed and not all were voted - looks like voting takes places naturally for major decisions only.
As simple as that.

[Edit] There's no way everyone will agree for everything - that's why we vote.

The most important individuals to this project don't take active part in this discussions and almost no one who actively discuss it - don't take part in actual project development or improvement.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRe_Ql5-J2FX1EVVrABcw4Dq1inXGzcVMJK0IFlcFz1SJQJUV_hUQ
As simple as that.

This one actually better:
https://image.slidesharecdn.com/teamrace-090702173126-phpapp01/95/the-management-rowing-race-15-728.jpg?cb=1246555902

[1714917521]

1714917521

[1714917521]

1714917521

[1714917521]

1714917521

[1714917521]

1714917521

[1714917521]

1714917521

[paladium]

I expect Elastic to be out for a long time. But the project is moving very slowly. Projects such as SONM, Golem and IEX were left behind.

[tomkat]

@yossir you cant mix fair community voting as we have it here (every participant can give his voice with a vote to a question the community decided it is important to vote about) with "democracy" in our mordern world where yout vote a colour (party) and then they will rule for around 5 years and do decissions for you (mostly influeneced from other things but that would be a long topic).
so our todays system should not even be called democracy as they have nothing to do with it.
elastic is not just some individuals who made a small donation, everyone had the chance to participate it had a ultra fair timeline so we all have been same and people took a big risk during that time to dont know where the project will go to.

so in my opinion its much more fair (and maybe in future even better with a voting system that is more advantaged) to let the community decide what direction we want to go.

I think that we are bit offtopic but yet I will try to explain my point of view in very short way.

I strongly believe that the one's that actually do the hard work - should choose what will be done with it. Donations to projects - are what they are, donations. Not investments. so risk, timeline etc are not relevant as I DONATED to possibility of new great technology that is happening right before our eyes. ( I don't have anything against if I will make mil. or 5 in the process )
Their generosity of people who actually did something in this project, in giving all the work to people should not be exploited even if there is a possibility of it, without them agree to that, which I havn't seen. Thats more or less my problem with all this voting and choosing what to do with someone else's work (not mine, I am too lazy to something like many others - I gave money).

And you correct, Is kind of wierd hybrid of democracy, but yet it has all the problems of it, you never know how proffesional or rational people's votes, but let's leave this subject and focus on Elastic.

Not sure what's your point actually, but there's discussion each time a decision is required. Then the community votes.
Many ideas were discussed and not all were voted - looks like voting takes places naturally for major decisions only.
As simple as that.

[Edit] There's no way everyone will agree for everything - that's why we vote.

The most important individuals to this project don't take active part in this discussions and almost no one who actively discuss it - don't take part in actual project development or improvement.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRe_Ql5-J2FX1EVVrABcw4Dq1inXGzcVMJK0IFlcFz1SJQJUV_hUQ
As simple as that.

You're wrong - try to follow the last 15-20 pages, and you'll notice that many important individuals expressed their opinions, inlcuding EK, coralreefer, unvoid, and many more.
I think Elasticracy works perfectly.

Would you like to be captured by "important individuals" like it is in Bitcoin now?

[yosir]

@yossir you cant mix fair community voting as we have it here (every participant can give his voice with a vote to a question the community decided it is important to vote about) with "democracy" in our mordern world where yout vote a colour (party) and then they will rule for around 5 years and do decissions for you (mostly influeneced from other things but that would be a long topic).
so our todays system should not even be called democracy as they have nothing to do with it.
elastic is not just some individuals who made a small donation, everyone had the chance to participate it had a ultra fair timeline so we all have been same and people took a big risk during that time to dont know where the project will go to.

so in my opinion its much more fair (and maybe in future even better with a voting system that is more advantaged) to let the community decide what direction we want to go.

I think that we are bit offtopic but yet I will try to explain my point of view in very short way.

I strongly believe that the one's that actually do the hard work - should choose what will be done with it. Donations to projects - are what they are, donations. Not investments. so risk, timeline etc are not relevant as I DONATED to possibility of new great technology that is happening right before our eyes. ( I don't have anything against if I will make mil. or 5 in the process )
Their generosity of people who actually did something in this project, in giving all the work to people should not be exploited even if there is a possibility of it, without them agree to that, which I havn't seen. Thats more or less my problem with all this voting and choosing what to do with someone else's work (not mine, I am too lazy to something like many others - I gave money).

And you correct, Is kind of wierd hybrid of democracy, but yet it has all the problems of it, you never know how proffesional or rational people's votes, but let's leave this subject and focus on Elastic.

Not sure what's your point actually, but there's discussion each time a decision is required. Then the community votes.
Many ideas were discussed and not all were voted - looks like voting takes places naturally for major decisions only.
As simple as that.

[Edit] There's no way everyone will agree for everything - that's why we vote.

The most important individuals to this project don't take active part in this discussions and almost no one who actively discuss it - don't take part in actual project development or improvement.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRe_Ql5-J2FX1EVVrABcw4Dq1inXGzcVMJK0IFlcFz1SJQJUV_hUQ
As simple as that.

You're wrong - try to follow the last 15-20 pages, and you'll notice that many important individuals expressed their opinions, inlcuding EK, coralreefer, unvoid, and many more.
I think Elasticracy works perfectly.

Would you like to be captured by "important individuals" like it is in Bitcoin now?

What is EK's,{ edit: added coralreefer, unvoid } opinion to this matter that you saw? Can you please refer me to it as I can't find it.

If you ask me, and again, it's only my opinion, I would like to know, at least on some level, who makes the descisions and how he is "invested" in this project. What happens with "we" and  "community" is bit funny to me, but again, don't take this to serious. It's one man opinion.

[tomkat]

@yossir you cant mix fair community voting as we have it here (every participant can give his voice with a vote to a question the community decided it is important to vote about) with "democracy" in our mordern world where yout vote a colour (party) and then they will rule for around 5 years and do decissions for you (mostly influeneced from other things but that would be a long topic).
so our todays system should not even be called democracy as they have nothing to do with it.
elastic is not just some individuals who made a small donation, everyone had the chance to participate it had a ultra fair timeline so we all have been same and people took a big risk during that time to dont know where the project will go to.

so in my opinion its much more fair (and maybe in future even better with a voting system that is more advantaged) to let the community decide what direction we want to go.

I think that we are bit offtopic but yet I will try to explain my point of view in very short way.

I strongly believe that the one's that actually do the hard work - should choose what will be done with it. Donations to projects - are what they are, donations. Not investments. so risk, timeline etc are not relevant as I DONATED to possibility of new great technology that is happening right before our eyes. ( I don't have anything against if I will make mil. or 5 in the process )
Their generosity of people who actually did something in this project, in giving all the work to people should not be exploited even if there is a possibility of it, without them agree to that, which I havn't seen. Thats more or less my problem with all this voting and choosing what to do with someone else's work (not mine, I am too lazy to something like many others - I gave money).

And you correct, Is kind of wierd hybrid of democracy, but yet it has all the problems of it, you never know how proffesional or rational people's votes, but let's leave this subject and focus on Elastic.

Not sure what's your point actually, but there's discussion each time a decision is required. Then the community votes.
Many ideas were discussed and not all were voted - looks like voting takes places naturally for major decisions only.
As simple as that.

[Edit] There's no way everyone will agree for everything - that's why we vote.

The most important individuals to this project don't take active part in this discussions and almost no one who actively discuss it - don't take part in actual project development or improvement.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRe_Ql5-J2FX1EVVrABcw4Dq1inXGzcVMJK0IFlcFz1SJQJUV_hUQ
As simple as that.

You're wrong - try to follow the last 15-20 pages, and you'll notice that many important individuals expressed their opinions, inlcuding EK, coralreefer, unvoid, and many more.
I think Elasticracy works perfectly.

Would you like to be captured by "important individuals" like it is in Bitcoin now?

What is EK's,{ edit: added coralreefer, unvoid } opinion to this matter that you saw? Can you please refer me to it as I can't find it.

If you ask me, and again, it's only my opinion, I would like to know, at least on some level, who makes the descisions and how he is "invested" in this project. What happens with "we" and  "community" is bit funny to me, but again, don't take this to serious. It's one man opinion.

One opinion from EK below, for the rest, feel free to find them yourself... :-)

Why do we
need a Lite-version at all, if you could do this stuff you showed on the testnet?

I never said, that we need a lite wallet. The community just showed interest in a lite wallet because the "full features" are partly unstable, not tested well enough, and things would still need some time. But who am I to decide, my vote (and I hope this is this way because we are a democratic project) is only worth a fraction - exactly as much as my XEL holdings weigh in a vote.

So if someone starts a vote, I will vote for no. But if yes wins, I can assist with coding (not launching).

[techwriterjoe]

goodluck yuor project..

Are there any bounties?

As for bounties currently, there is a vote for putting a coin on exchanges. If we vote yes, then there will be money generated for a foundation.

I imagine a foundation to mean a wallet with something like a 5 of 7 multi-sig key setup. Once there is Elastic Coin set aside for the foundation, votes will take place for things like bounties. This is all speculative. We are not even through with the lite-version/wallet/coin-on-exchange-vote yet.

Even if we vote yes, it will still take an active member and our devs some time to connect to exchanges.

[Improved]

Donated funds are frozen under multisig and probably lost, right?
What address it is? I cant find it in explorer.

[wpalczynski]

Donated funds are frozen under multisig and probably lost, right?
What address it is? I cant find it in explorer.

The devs made it clear many times they would prefer not to have continued discussions about donated funds, I'm not sure why people continue to push the issue.

[Bgjjj2016]

Donated funds are frozen under multisig and probably lost, right?
What address it is? I cant find it in explorer.

The devs made it clear many times they would prefer not to have continued discussions about donated funds, I'm not sure why people continue to push the issue.

I totally agree. Let's just look forward. Lots of awesome things await this project . We should be excited and grateful for our wonderful Satoshies 

[Riseman]

Donated funds are frozen under multisig and probably lost, right?
What address it is? I cant find it in explorer.

The devs made it clear many times they would prefer not to have continued discussions about donated funds, I'm not sure why people continue to push the issue.

Because it's kind of natural to ask things like that and not everyone knows the story behind all this or wants to skim through a 300-page thread. Hence are also questions about the launch date. This info should be put in the first post but since Lannister is gone no one can edit it. So you'll be getting the same questions all over again unless someone creates a new thread with all relevant information.

[josegines]

I have to recognize that some donations are stratospheric figures, at least for me

First holder: approx 6 million XEL

1/7/2016
10.08 BTC
https://blockchain.info/tx/f77c23e7116776bd43f014f1a995c9837416b1e325377817336a6f7ec634f745

5/8/2016
5.70 BTC
https://blockchain.info/tx/e08897082e5bc4f52c5508c128ffcde61052eacb2e2d54121e8f236bbae48a1b

15/8/2016
38.2499 BTC
https://blockchain.info/tx/b4975127684e2489443dc66b7afdf3350579b5cde54c53daca17686466d636d5


Total= 54 BTC

Today: 1 BTC= 1800 $(Bitstamp)

Total donation today= 97200 $

Really good donation!!

[yosir]

@yossir you cant mix fair community voting as we have it here (every participant can give his voice with a vote to a question the community decided it is important to vote about) with "democracy" in our mordern world where yout vote a colour (party) and then they will rule for around 5 years and do decissions for you (mostly influeneced from other things but that would be a long topic).
so our todays system should not even be called democracy as they have nothing to do with it.
elastic is not just some individuals who made a small donation, everyone had the chance to participate it had a ultra fair timeline so we all have been same and people took a big risk during that time to dont know where the project will go to.

so in my opinion its much more fair (and maybe in future even better with a voting system that is more advantaged) to let the community decide what direction we want to go.

I think that we are bit offtopic but yet I will try to explain my point of view in very short way.

I strongly believe that the one's that actually do the hard work - should choose what will be done with it. Donations to projects - are what they are, donations. Not investments. so risk, timeline etc are not relevant as I DONATED to possibility of new great technology that is happening right before our eyes. ( I don't have anything against if I will make mil. or 5 in the process )
Their generosity of people who actually did something in this project, in giving all the work to people should not be exploited even if there is a possibility of it, without them agree to that, which I havn't seen. Thats more or less my problem with all this voting and choosing what to do with someone else's work (not mine, I am too lazy to something like many others - I gave money).

And you correct, Is kind of wierd hybrid of democracy, but yet it has all the problems of it, you never know how proffesional or rational people's votes, but let's leave this subject and focus on Elastic.

Not sure what's your point actually, but there's discussion each time a decision is required. Then the community votes.
Many ideas were discussed and not all were voted - looks like voting takes places naturally for major decisions only.
As simple as that.

[Edit] There's no way everyone will agree for everything - that's why we vote.

The most important individuals to this project don't take active part in this discussions and almost no one who actively discuss it - don't take part in actual project development or improvement.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRe_Ql5-J2FX1EVVrABcw4Dq1inXGzcVMJK0IFlcFz1SJQJUV_hUQ
As simple as that.

You're wrong - try to follow the last 15-20 pages, and you'll notice that many important individuals expressed their opinions, inlcuding EK, coralreefer, unvoid, and many more.
I think Elasticracy works perfectly.

Would you like to be captured by "important individuals" like it is in Bitcoin now?

What is EK's,{ edit: added coralreefer, unvoid } opinion to this matter that you saw? Can you please refer me to it as I can't find it.

If you ask me, and again, it's only my opinion, I would like to know, at least on some level, who makes the descisions and how he is "invested" in this project. What happens with "we" and  "community" is bit funny to me, but again, don't take this to serious. It's one man opinion.

One opinion from EK below, for the rest, feel free to find them yourself... :-)

Why do we
need a Lite-version at all, if you could do this stuff you showed on the testnet?

I never said, that we need a lite wallet. The community just showed interest in a lite wallet because the "full features" are partly unstable, not tested well enough, and things would still need some time. But who am I to decide, my vote (and I hope this is this way because we are a democratic project) is only worth a fraction - exactly as much as my XEL holdings weigh in a vote.

So if someone starts a vote, I will vote for no. But if yes wins, I can assist with coding (not launching).

Thanks for the link. As far as I see this is only show better my point. Very hard to find, and when you do - negative opinion that nobody wants to hear while the real problem, of additional programming power that is crucial to project is... well... hard to find as EK's opinion 20 pages ago in one post. Same with the others.
But enough of this. I am really hope that I am wrong and Elastic will handle all that better than I thought...
BTW, most likely, next vote will be foundation vote, this will be even "funnier". Mark my words.

[klintay]

So how does this work now once the wallet is launched? Those who want to sell their XEL would do it OTC or is someone going to contact a reputable exchange?

It's like always: At first 2-3 weeks of OTC trading then some smaller exchange will add XEL eventually. After sometime with eventually good volume a bigger exchange might pick it up. Exchanges usually don't add coins that folks propose to them. They just care about revenue. Take our competitor Golem for example, hundreds of folks contacted them and proposed a Golem listing, but they didnt give a shit. It needed the Liqui-exchange to have revenues ob above 100BTC per day and then they listed Golem as they saw that profits are being made.

I think Yunbi ( in China) might be interested in XEL. ( just guessing since Chinese investors love supercomputers   )

i have used yunbi and they are professional and have an easy interface

If EK had a problem with the lite wallet he would say...in fact it may have been one of his ideas to begin with

[syclone]

One of the most interesting projects in crypto, but it is taking long time to develop.

Compared to what?  Have you ever heard of Augur / REP?   Shit still doesn't have a website. 

[rekcahxfb_foundation]

atlast, we can see elastic on mainnet. when will 'lightwallet vote' finish?

[Bgjjj2016]

atlast, we can see elastic on mainnet. when will 'lightwallet vote' finish?

on the 23rd of this month.

[BTCspace]

Lightwallet (mainnet) voting in progress.

http://elasticracy.elasticexplorer.org/

https://talk.elasticexplorer.org/t/voting-for-lightwallet-mainnet/223

seems light wallet will win!

[BTCspace]

only less than 25% coin voted?

where the left XEL ?

people do not know how to vote

or they forget their private key?

[Bgjjj2016]

only less than 25% coin voted?

where the left XEL ?

people do not know how to vote

or they forget their private key?

I think the final number will be at least 30% less than the original 100M.

[onetwo12]

only less than 25% coin voted?

where the left XEL ?

people do not know how to vote

or they forget their private key?

I think the final number will be at least 30% less than the original 100M.

where the left 70M ?