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Author Topic: WARNING: Elastic Project likely a scam. No code. 'Wallet' simply a copy of NXT  (Read 1225 times)
tupelo
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June 28, 2016, 11:08:48 PM
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It looks like Elastic Project (XEL) is a scam.
They are doing a crowdsale here:
https://bitcointalk.org/index.php?topic=1396233.0

I asked why their github is empty. Then they gave me a link to their 'wallet' which is obviously simply an old copy of the NXT client. As you can see they didn't even bother to delete all NXT files, changelog, etc..

I asked completely civilised about this strange lack of any substantial code but got called 'troll' etc...

Judge for yourself, I  made a copy of everything with the waybackmachine to be safe:



Thread where I revealed their lack of code: https://web.archive.org/web/20160628225608/https://bitcointalk.org/index.php?topic=1396233.msg15401681

Their 'wallet': https://web.archive.org/web/20160628223218/https://github.com/OrdinaryDude/elastic-reference-client

NXT changelog in their 'wallet': http://web.archive.org/web/20160628225140/https://github.com/OrdinaryDude/elastic-reference-client/tree/master/changelogs


Edit: The chief scammer of 'Project Elastic' just sent me this professional message:

http://imgur.com/pDUaC7c
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June 28, 2016, 11:35:36 PM
 #2

Well which coin isn´t a scam?
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June 29, 2016, 12:54:24 AM
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Well which coin isn´t a scam?

I guess it's totally justified then! Cheesy

...

..

.

*Sarcasm*
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June 29, 2016, 06:46:02 AM
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Keep calm, folks, it's just another lie designed to discredit our project. Tupelo, keep in mind that false accusations of frauds or scams is criminal and will result in serious legal consequences for you.

That whole thing here is yet another untruth that everyone can debunk. Check out the code and try out yourself. After you execute the compile.sh and run.sh bash scripts, your code will be running at http://127.0.0.1:7876. Go to that url in your browser, and you should see something like this:



No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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June 29, 2016, 06:56:40 AM
 #5

You can alternatively check out a video made by one of the developers:


No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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June 29, 2016, 12:14:57 PM
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Where is the code, Lannister?

You display all the hallmarks of a scam. Threating me won't help you in any way, quite the contrary actually.


Project Elastic is a scam, be careful people.
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June 29, 2016, 12:22:52 PM
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Where is the code, Lannister?

You display all the hallmarks of a scam. Threating me won't help you in any way, quite the contrary actually.


Project Elastic is a scam, be careful people.

Unless you want a shit load of legal trouble, don't challenge me. Judging by your quotation, you have already found out the correct location of the source code. Asking the same question over and over again won't change anything.

No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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June 29, 2016, 12:26:36 PM
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i wouldnt bother with such accusations too much, they come with EVERY project sooner or later. just ignore and that's it.

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June 29, 2016, 12:46:13 PM
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I just received this very professional response.

http://imgur.com/pDUaC7c

So again Lannister. Where is the code of Project Elastic?
tupelo
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June 29, 2016, 12:49:40 PM
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i wouldnt bother with such accusations too much, they come with EVERY project sooner or later. just ignore and that's it.




The issue in this case is that this 'project' does not exist.
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June 29, 2016, 12:53:36 PM
 #11

So again Lannister. Where is the code of Project Elastic?

Is there something wrong with you? You have been told multiple times by multiple people that the code is located at https://github.com/OrdinaryDude/elastic-reference-client/. Why are you asking the same questions over and over again?

No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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June 29, 2016, 12:56:38 PM
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Welcome to the wasteland of self-important nobodies  Grin
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June 29, 2016, 08:51:21 PM
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Following! Cheesy
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June 29, 2016, 09:24:25 PM
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grab some popcorn and enjoy the show

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July 10, 2016, 09:43:40 AM
 #15

It looks like Elastic Project (XEL) is a scam.
They are doing a crowdsale here:
https://bitcointalk.org/index.php?topic=1396233.0

I asked why their github is empty. Then they gave me a link to their 'wallet' which is obviously simply an old copy of the NXT client. As you can see they didn't even bother to delete all NXT files, changelog, etc..

I asked completely civilised about this strange lack of any substantial code but got called 'troll' etc...

Judge for yourself, I  made a copy of everything with the waybackmachine to be safe:



Thread where I revealed their lack of code: https://web.archive.org/web/20160628225608/https://bitcointalk.org/index.php?topic=1396233.msg15401681

Their 'wallet': https://web.archive.org/web/20160628223218/https://github.com/OrdinaryDude/elastic-reference-client

NXT changelog in their 'wallet': http://web.archive.org/web/20160628225140/https://github.com/OrdinaryDude/elastic-reference-client/tree/master/changelogs


Edit: The chief scammer of 'Project Elastic' just sent me this professional message:

http://imgur.com/pDUaC7c


so why did you removed your negative feedback anyway? dont tell me you were scared? Cheesy just asking hahaha imma grab a popcorn too Cheesy

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August 03, 2016, 04:57:58 PM
 #16

It's been known for months.

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