[SCAM ALERT] Elastic Project - The Decentralized Supercomputer

[Nxtblg]

People can decide themselves if this is a problem for them or not, how much of red flag that is and how much risk they are willing to take. If you do not feel good with that, then just stay away from this project and do not support it. It is not that hard.

He's right on this. After getting entangled in some kind of brain-tangle upthread, I did exactly that. I'm not in, and I'm not commenting on the project. It's over to them.

tl;dr: Just say "I'm out" and leave them be. I'm sure you'll find something else on this board to divert your attention.

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[poornamelessme]

He's right on this. After getting entangled in some kind of brain-tangle upthread, I did exactly that. I'm not in, and I'm not commenting on the project. It's over to them.

tl;dr: Just say "I'm out" and leave them be. I'm sure you'll find something else on this board to divert your attention.

I think that is one of the things that bugs me most about how the coin is being run.

Just saying 'If you don't like it, go somewhere else' comes across as unprofessional. I used to do some games development for a small company, and one of the hosts over there used to do that all the time. It always bugged me... 'if you don't like such and such, go play somewhere else'. And of course, they did ...  to the detriment of the company. It's something I just don't get, as although there are tons of trolls (they should be ignored), it's not that difficult to be more professional about things ... just be upfront rather than tell people to go somewhere else. Don't assume everyone posting something critical, or those asking questions, are a troll or are fudding.

Hope EK takes this as constructive criticism. It's a project I wanted to invest in, but simply couldn't convince myself to... keeping an eye on it though, and may eventually throw a small amount at later.
 

[Lannister]

He's right on this. After getting entangled in some kind of brain-tangle upthread, I did exactly that. I'm not in, and I'm not commenting on the project. It's over to them.

tl;dr: Just say "I'm out" and leave them be. I'm sure you'll find something else on this board to divert your attention.

I think that is one of the things that bugs me most about how the coin is being run.

Just saying 'If you don't like it, go somewhere else' comes across as unprofessional. I used to do some games development for a small company, and one of the hosts over there used to do that all the time. It always bugged me... 'if you don't like such and such, go play somewhere else'. And of course, they did ...  to the detriment of the company. It's something I just don't get, as although there are tons of trolls (they should be ignored), it's not that difficult to be more professional about things ... just be upfront rather than tell people to go somewhere else. Don't assume everyone posting something critical, or those asking questions, are a troll or are fudding.

Hope EK takes this as constructive criticism. It's a project I wanted to invest in, but simply couldn't convince myself to... keeping an eye on it though, and may eventually throw a small amount at later.
 

I am sorry to hear that you disagree with our policies and, as a consequence of that, you decided for yourself to not support us. Your main concern, as I recall it to mind, is for the missing escrow. We always have been honest, even in the face of discomfort, and knowing that this may wave some red flags we have decided against using an escrow service. I have never made a secret of this fact, and so I kindly ask you to respect this. I still hope that our project can, at some point in the future, convince you to come back to us.

[-Greed-]

@Lannister
What does the forked Cryptonite have to do with the decentralized supercomputer?
Why did you remove this question from the thread?

[poornamelessme]

I am sorry to hear that you disagree with our policies and, as a consequence of that, you decided for yourself to not support us. Your main concern, as I recall it to mind, is for the missing escrow. We always have been honest, even in the face of discomfort, and knowing that this may wave some red flags we have decided against using an escrow service. I have never made a secret of this fact, and so I kindly ask you to respect this. I still hope that our project can, at some point in the future, convince you to come back to us.

It wasn't just the escrow thing that bothered me (and actually wasn't the point of the post I just made).

It was about a lack of professionalism. You responded just now in a polite and professional manner to me, so good there. Yet many times I have seen other people responded to as if they were automatically trolls... sort of a take it or leave it approach.  Now of course there are tons of trolls here, but every critical comment doesn't mean a person is fudding or in troll mode. Also not fond of the fact that it used to take seemingly forever (and lots of posts) to get a vague, semi-informative response, to very basic questions people were having. It always just struck me as odd.

There are certainly other things that I have issues with (such as who you actually are), lack of a ledger regarding spent funds, lack of a firm development team, etc. But every coin has some issues. That doesn't mean the coin is a scam, but it points to mismanagement. Again, I'll keep an eye on the coin ... right now my alts are bleeding, so it's not like I have tons of spare btc to invest anyway.

[Dink]

I think Unprofessionl is the perfect word.  Telling people who are wanting to donate to go somewhere else if they dont like it ...Get Real!

  The escrow has been an issue frow the orginal thread with lionel, it got carried over to EK and then to Lannister.  I think you have a fiduciary responsibiliry to comply with the request of the community involved.  You claim no one is incharge, yet you take it upon yourself to make  decisions that is against the wishes of the community at large.

The amount of time that is being wasted in this thread is unreal.  After I saw Lannister delete a couple of peoples comments for asking or raising pointed questions, I realized just how childish the thread was turning into.  I am corrected, it was not childish it was unprofessional!   

I told EK when he first took over after Lionel that there should be as much transperancy as possible,  escrow, ledger, lead devrlopers not hiding, basic information that has not been upfront. 

Like i have said before I have coins in this project, but reading thru these comments  I will continue to watch from the sidelines until things change . 

Thank you Poornamelessme for you comments.

[poornamelessme]

Why would you escrow non-refundable donations in the first place?
Despite that, i personally believe that escrow is counterproducive for this kind of project. How can the project fund its development if the escrow releases the funds AFTER the development. I remember we have had many discussions about that already and I think that we just follow two entirely different ideologies.

You are missing the point if you think everyone's concerns just have to do with the lack of escrow. Plenty of ICOs don't use escrow. I've even invested in some (although it's been a while).

However, I will again make the suggestion to provide a public ledger as to how the funds are used, and ask investors their opinions on future use. Last time I brought up the ledger thing, Lannister shot it down immediately.

[poornamelessme]

I remember back then we had the idea to write something that allows for a decentralized democratic, decision making process based on the amount of XEL each of the voters holds. A democratic decision on how to use the funds would be very pleasant (i have expressed that a few months ago) but I think that, unless someone volunteers to setup such platform, this would come at a way too high overhead. At least for myself as I am at the moment totally focussing on implementing the coin itself. I cannot speak for Lannister, but I cannot think of any reason why he shouldn't be fine with that.

Well, I was thinking of something even simpler.

A public ledger -- how past funds were used, and where future funds are allocated -- for starters. That is very doable.

As for votes, you could either set it up via the website, or even just do simple polling here. It won't be scientific of course, nor would votes be relative to how much each person invested, but it'd at least be something. The ICO money is meant to be used to develop the coin, so I see no harm in at least asking folks once in a while what they'd like to see ... a simple A, B, or C option would suffice.

Again, not perfect, but doable.

[-Greed-]

EK removed all his messages from this thread but they are still available in cache. Also, he is running a bot that removes posts from all 'unwanted' (mirror) users. Someone still thinks it's not a scam?

[poornamelessme]

EK removed all his messages from this thread but they are still available in cache. Also, he is running a bot that removes posts from all 'unwanted' (mirror) users. Someone still thinks it's not a scam?

I wondered what happened to the post I quoted yesterday. Not necessarily a scam, but somewhat bizarre. Not a fan of the trollish 'scam accusation' method of being critical of coins here, unless it's 100% definitely a scam ... ie Brooklyn Bridge Coin, own a piece of history ... that sort of thing.

The bot appears to just be mostly to remove your posts, as they were becoming spammy over there (at least to the best of my knowledge).

Curious if any investors over there will repeat the request for a ledger and at least some basic polling. It's a simple request, which I think even EK said was reasonable. I see no reason why they wouldn't at least provide something like that.

[xxxgoodgirls]

EK removed all his messages from this thread but they are still available in cache. Also, he is running a bot that removes posts from all 'unwanted' (mirror) users. Someone still thinks it's not a scam?

Your claims have been proven to be utterly false, but you keep repeating them nonetheless in a spamming manner.
What I see here is you who is trying to delegitimate a fair project (or at least far to be proven for being a scam) for unknown reasons.

[-Greed-]

Unmoderated Thread for Elastic Project: https://bitcointalk.org/index.php?topic=1437909.0
Come and discuss the project with no censorship.

[axlroses]

lol in original thread my post has been daleted.

[axlroses]

Unmoderated Thread for Elastic Project: https://bitcointalk.org/index.php?topic=1437909.0
Come and discuss the project with no censorship.

 i love you man 

[IOTUSA]

Just figured I would bump this thread about the OBVIOUS SCAM - ELASTIC! DO NOT SEND COIN!

[Evil-Knievel]

Nobody is listening to you, go seek your attention elsewhere you loser!

[-Greed-]

Nobody is listening to you, go seek your attention elsewhere you loser!

Thanks for bumping the thread!

[-Greed-]

And... again! BUMP.

[GreenBits]

If the devs aren't proud enough of 1000s of hours of work, and hundreds of thousands of lines of code to put their name on it, it probably isn't what it seems/worth it.

[Evil-Knievel]

If the devs aren't proud enough of 1000s of hours of work, and hundreds of thousands of lines of code to put their name on it, it probably isn't what it seems/worth it.

1000s of hours have been put in, and all the devs receive is contempt? You are a hero, really   In fact, you must be the hero of the heros.