[SCAM ALERT] Elastic Project - The Decentralized Supercomputer

[Spoetnik]

I already knew the intent of it.. i was asking about the logistics.

This reminds me of when you NOOBS here recently were getting trolled by BitcoinEXpress.
All of you lined up to lecture the guy on his patronizing "playing dumb" questions.
Even ICEBREAKER got in on it LOL

I caught on from his first post right away what he was up to.
But the reality is most of you have not been around long enough
to even know why that is funny.. yet feel compelled to lecture him (or me) or anyone that so much as talks.

Not trying to be mean guys either.

And my question WAS sincere.. i was trying to ask how it would work technically in most cases.
i hope you all do not forget the level of scammy shit that happens in the ESCROW scene either.
I *DO* expect you all to know the Master-P escrow drama for example.

If you don't know Crypto then you should not be lecturing people on it.
This whole everything is legit attitude is bullshit too !
Especially when none of you step foot in the scam section here.

Anyway LOL
Yeah i can launch an ICO scheme then give you a name with or with out fake ID
then i can launch an ESCROW service myself or have a friend do it for me for a fee.
And are you all gullible enough to fall for that ?
YES ..you ARE !

You're ALL adorable little kids clutching your lunch money with stary eyed visions of crypto-profit dreams
unaware of the diabolical evil monsters that lurk within the shadows of Crypto !

Just tell me one thing.. Who will play Spoetnik in the movie ?

It will be called "The shadows of Crypto"

whoooooh sounds menacing and creepy & shit huh ?
Perfect for an October Halloween release in 2 months..

i can just imagine the movie-trailer voice over now (announcer guy with his deep voice)

In a world with innocent hard working dev's an evil monster lurks in the night !
His name is Spoetnik !
And he preys on the "Legit" coders of Crypto.
Feeding on the profiteers that lurk within his grasp ..taking one in the night on his bridge.
Another kidiot profiteer snuffed out in the night robbed of his rightful Ponzi Coin profits..
Tortured & then terrorized with endless FUD.. the demon stalks the night !
Lurking !
Feeding !
Destroying Crypto for all of mankind now & forever !
Destined to troll the internet message-boards for eternity handing out his unique brand of angry
hateful destructive satanic soul stealing FUD !
No one is safe.. watch your windows.. don't answer your phone or emails..
He's lurking.. he is the Disqus Troll that scuttles your pro-shitcoin commentary.
The stuff of ICO dev nightmares !
No forum is safe.. no IRC chat room can be left unattended..
You never know you may be the next "supporter" snatched away in the night !

Beware the FUD !

The shadows of Crypto

Coming soon to a theater near you. (Torrents on Pirate Bay 1 month before that)

[poornamelessme]

I already knew the intent of it.. i was asking about the logistics.

This whole everything is legit attitude is bullshit too !

Whomever is doing the escrow would validate investor amounts, then return the coins to the investors.
I thought that much was self-explanatory. As to how they validate things, it varies by who is doing the escrow and how the ICO was paid into to begin with -- email addresses are checked, validated keys, etc

As for the escrows, sometimes (usually) they use multi-key accounts. I recall one ICO using a lawyer with one key, the other held by a CEO of a crypto company -- all listing their real names. Sometimes it's a legendary member who has escrowed for years here with a perfect trust rating.

In Elastic's case, Lannister holds one key, EK holds the other... and I was given a key I didn't want -- and no escrow, so they can use the funds as they get them however they wish. Of course that isn't ideal to a lot of people.

And if you actually read what I posted, "everything is legit" is basically the opposite of what I was getting at.
And something else that should be obvious by now ... nobody cares either way.

[Spoetnik]

I already knew the intent of it.. i was asking about the logistics.

This whole everything is legit attitude is bullshit too !

Whomever is doing the escrow would validate investor amounts, then return the coins to the investors.
I thought that much was self-explanatory. As to how they validate things, it varies by who is doing the escrow and how the ICO was paid into to begin with -- email addresses are checked, validated keys, etc

As for the escrows, sometimes (usually) they use multi-key accounts. I recall one ICO using a lawyer with one key, the other held by a CEO of a crypto company -- all listing their real names. Sometimes it's a legendary member who has escrowed for years here with a perfect trust rating.

In Elastic's case, Lannister holds one key, EK holds the other... and I was given a key I didn't want -- and no escrow, so they can use the funds as they get them however they wish. Of course that isn't ideal to a lot of people.

And if you actually read what I posted, "everything is legit" is basically the opposite of what I was getting at.
And something else that should be obvious by now ... nobody cares either way.

Legendary like Master-P ?

[-Greed-]

Bump. The last one (before the scam gets exposed).

[beeframen]

Their ico ended several days ago, i didn't invest. It looks promising(maybe i ain't a scam check pro)

Evil-Knievel looks legit, but I don't know is this project legit or not.

[Evil-Knievel]

Their ico ended several days ago, i didn't invest. It looks promising(maybe i ain't a scam check pro)

Evil-Knievel looks legit, but I don't know is this project legit or not.

Are you really asking this guy?
He admitted to downloading childporn and he demands birth control for afroamerican people (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543)!
Is this the source you are getting your information from? This guy is dumb as fuck, look at the quality of his threads 

[pradalady]

Their ico ended several days ago, i didn't invest. It looks promising(maybe i ain't a scam check pro)

Evil-Knievel looks legit, but I don't know is this project legit or not.

Are you really asking this guy?
He admitted to downloading childporn and he demands birth control for afroamerican people (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543)!
Is this the source you are getting your information from? This guy is dumb as fuck, look at the quality of his threads  

Are you lannister?(XEL OP)

[-Greed-]

Their ico ended several days ago, i didn't invest. It looks promising(maybe i ain't a scam check pro)

Evil-Knievel looks legit, but I don't know is this project legit or not.

Are you really asking this guy?
He admitted to downloading childporn and he demands birth control for afroamerican people (https://bitcointalk.org/index.php?topic=1542745.msg15527543#msg15527543)!
Is this the source you are getting your information from? This guy is dumb as fuck, look at the quality of his threads  

You are dumb. Your reflection is in the video. Soon you will be imprisoned for the scam. You'd better be ready.

[Evil-Knievel]

Go fuck yourself, you loser.

[-Greed-]

Go fuck yourself, you loser.

You really better return the money to the people. No, I mean you had really better return the money. Elastic was an investment for the people and fraud is a very serious crime.

[-Greed-]

Dear Community,

can someone take care of user Greed? I give my best to focus entirely on development but this guy not only continuously spreads sc*m accusations about our project for the past months (he is unemployed and has plenty of time, this loser) but also continuously threatens and blackmails me personally. His current goal is to put everyone who worked for Elastic to jail.

If anyone knows his jurisdiction and happens to reside in it, I would be happy to see you join Elastic and sue him. I would cover all costs for that.
Also, (in case this loser has any money to buy a plane ticket) on the next stop-over in the European Union, this scumbag will hopefully be taken down ... I am currently filing a report with Europol, I hope they can resolve this issue.

But this still does not help at the moment, any idea how we can stop his constant harassment? This guy by the way is a racist who demands birth control to certain cultures and a sicko who publicly admits to downloading child p0rn.

This is one of his threads: https://bitcointalk.org/index.php?topic=1426466.msg15939912#msg15939912

Lol. Russia, Moscow. Let's meet at the station.

[bobmarley650]

Shut up, you cheap loser!

Don't waste your time for those please

[ImI]

Dear Community,

can someone take care of user Greed? I give my best to focus entirely on development but this guy not only continuously spreads sc*m accusations about our project for the past months (he is unemployed and has plenty of time, this loser) but also continuously threatens and blackmails me personally. His current goal is to put everyone who worked for Elastic to jail.

If anyone knows his jurisdiction and happens to reside in it, I would be happy to see you join Elastic and sue him. I would cover all costs for that.
Also, (in case this loser has any money to buy a plane ticket) on the next stop-over in the European Union, this scumbag will hopefully be taken down ... I am currently filing a report with Europol, I hope they can resolve this issue.

But this still does not help at the moment, any idea how we can stop his constant harassment? This guy by the way is a racist who demands birth control to certain cultures and a sicko who publicly admits to downloading child p0rn.

This is one of his threads: https://bitcointalk.org/index.php?topic=1426466.msg15939912#msg15939912

Lol. Russia, Moscow. Let's meet at the station.

LOL, why am i not surprised? 

[xxxgoodgirls]

Also, EK's sockpuppets:

ICOcountdown.com
xxxgoodgirls
Lannister

Ain't no sockpuppet! Just a supporter/ early donator.

[-Greed-]

I can't believe people can be that stupid.

[Lannister]

Worthless dumb guy. Every project has one.

[-Greed-]

How is it going, holders?

EK you are trying badly. You are still gonna have to do your time for the scam.

EDIT: Btw, the name and the idea were taken from the Golem Project which is a real start-up with a real team.

[poornamelessme]

How is it going, holders?

EK you are trying badly. You are still gonna have to do your time for the scam.

EDIT: Btw, the name and the idea were taken from the Golem Project which is a real start-up with a real team.

Haven't they released a working coin? Or something? I haven't kept track over there, but assumed they released something.

Now if it does anything it was supposed to do as outlined by the initial project terms ... no idea.

[CoinBreader]

I found out that Elastic is a scam. Why?

Anon dev (no dev team) - check
Scammers always find some reasons not to disclose real names. No real persons = 99% scam.  PRO TIP: never deal with devs that don't have working history or at least verifiable public profiles (facebook/linkedin/ect).

Bought account - check
If you read old messages you'll find that they are completely different from what the OP's posting now. Btw, it's a new trend scammers no longer use newbie accounts so always double check accounts with history.

No code snippets or videos - check
Scammers can never provide any proofs like a demo or a working prototype, or at least code snippets or videos of the product.

Self-mod topic - check
Scammers don't like any critics and are never open to a free discussion because they are afraid of their scam will get exposed. Also, the dev removed my message where I was requesting screenshots.

Far from reality - check
Scammers always do unrealistic goals like creating a decentralized supercomputer with a minimum budget of 100 BTC and one-man dev team.

Also, scammers are almost always in a hurry. (not this one)

I've been on this forum for a while and participated in many IPOs/crowdsales and got some experience. And according to that experience I can sadly say Elastic is a scam with 99.(9)% probability.

Anon dev (no dev team) - This forum was created by an anonymous developer called Satoshi Nakamoto

Bought account - i agree

No code snippets or videos - i agree

Self-mod topic - Lately, there is no other way to maintain a civilized language in a thread. Unmoderated threads are full of people screaming "you are a scammer" with zero evidence.

Far from reality - Scammers always do unrealistic goals like creating a decentralized supercomputer with a minimum budget of 100 BTC and one-man dev team.

A one man dev-team created Bitcoin.
A one man dev-team created Linux (Linus Torvalds)
A one man dev-team created gcc and emacs (Richard M. Stallman)
A one man dev-team created the first mac (Steve Wozniak)
.
.
.
.

And again you come only with 4 examples of one man dev-team, last months over here we got an army of one man  dev-team !

P.S. none of them ask for a donation.. to do his dream ! good bye now

[Evil-Knievel]

Haven't they released a working coin? Or something? I haven't kept track over there, but assumed they released something.

Now if it does anything it was supposed to do as outlined by the initial project terms ... no idea.

The testnet is released, and it does exactly what was outlined by the initial project terms.
Greed will pay for his trolling campaign, I am pretty sure about that This poor little man will be made even poorer, just for the fun of it!