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Author Topic: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::  (Read 201632 times)
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mr.coinzy
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July 06, 2017, 01:45:37 PM
 #1501

Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few

What was ICO price for 1 XEL?
700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then)
didn't know it till today. Where can i find info about how many xel holders?
http://elasticexplorer.org/ at the bottom of the page

Top 10 balances hold 50% of the circulating supply.

LOL, how about you doing the most basic research before you start spreading crap?

If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet.

Try harder next time.  Grin



Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two!

Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it

I didn't take Bittrex into account my bad, that still doesn't look good

Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances


First, yes those 15m XEL of Bittrex MAKE a difference.

Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts.



It was pretty much the same shit back then :

https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24

Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths)

I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply.

Yea long term maybe it will go high, short and medium term it has a lot of room to go down






Facts??? maybe you should actually make the calculation you claim you did before you discuss facts (yes, summing up is pretty easy). The numbers you gave are made up, not facts.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
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July 06, 2017, 03:35:35 PM
 #1502

Hmm, interesting project I will be watching.

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July 06, 2017, 04:59:05 PM
 #1503


I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.

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July 06, 2017, 05:15:50 PM
 #1504


I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.



Just please tell us your true motives, is it because you eventually bought those 5k XEL @22k sat, and now lamenting while it's getting lower, OR still waiting for more dumps to buy cheap?
What's your point? Are you trying to save the world from XEL?

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July 06, 2017, 05:22:56 PM
 #1505

ha easy just scoop up more now  Cool

easy hold this one for when mewn come.

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July 06, 2017, 05:30:11 PM
 #1506

How come transaction fees are so high?

0.1XEL equals 0.03$ these days. How is that "high"?

I don't know about you but I look forward to a future where that $0.03 is more like $30 but apparently I don't know anything

You don't think that paying 5% transaction fees for sending 2 XEL is high? We can agree to disagree.

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July 06, 2017, 06:37:50 PM
 #1507

Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few

What was ICO price for 1 XEL?
700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then)
didn't know it till today. Where can i find info about how many xel holders?
http://elasticexplorer.org/ at the bottom of the page

Top 10 balances hold 50% of the circulating supply.

LOL, how about you doing the most basic research before you start spreading crap?

If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet.

Try harder next time.  Grin



Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two!

Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it

I didn't take Bittrex into account my bad, that still doesn't look good

Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances


First, yes those 15m XEL of Bittrex MAKE a difference.

Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts.



It was pretty much the same shit back then :

https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24

Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths)

I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply.

Yea long term maybe it will go high, short and medium term it has a lot of room to go down

Again, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing.

I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.



Lol there are really infinite variables to this. (I believe that literally). I am very happy to be a whale here
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July 06, 2017, 07:41:55 PM
 #1508


Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

Remember that we need 3 BTC. Don't transfer any BTC after 3 BTC limit is reached. If you want to check if we already have 3 BTC here you have link to explorer: https://blockchain.info/pl/address/1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex.

Logo just shows up on "the spotlight" space on the site, sometimes. Pointless

It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else?

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July 06, 2017, 07:44:30 PM
 #1509


Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

Remember that we need 3 BTC. Don't transfer any BTC after 3 BTC limit is reached. If you want to check if we already have 3 BTC here you have link to explorer: https://blockchain.info/pl/address/1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex.

Logo just shows up on "the spotlight" space on the site, sometimes. Pointless

It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else?



VIA unvoid on our main forum:
Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2




Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

Remember that we need 3 BTC. Don't transfer any BTC after 3 BTC limit is reached. If you want to check if we already have 3 BTC here you have link to explorer: https://blockchain.info/pl/address/1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex.

Logo just shows up on "the spotlight" space on the site, sometimes. Pointless

It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else?



VIA unvoid on our main forum:
Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2

We only have .21 bitcoin so far, so please donate, thank you.
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July 06, 2017, 08:01:58 PM
 #1510

click start forging at top of web wallet page

i don't have this button, where is it? so, i try to run a node.

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July 06, 2017, 08:02:47 PM
 #1511


I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.


Are you the guy who said that XEL will never make it to exchanges because it has anonymous devs or it was another troll ?

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July 06, 2017, 08:13:00 PM
 #1512


I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.


Are you the guy who said that XEL will never make it to exchanges because it has anonymous devs or it was another troll ?

They both said it. Trolls for sure.

The currency is distributed exactly like it should be/would be considering we have only been on 2 exchanges. Yes, the original 100 or so investors still own a lion's share, hell, all of the redemptions aren't even out yet. We can only sell the stuff so fast, and that's if the holders want to sell. It's no mystery that they would want to hold onto a coin that already has a working prototype.
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July 06, 2017, 08:26:08 PM
 #1513

They both said it. Trolls for sure.

I am pretty sure it's the same guy who claimed, that the redeeming mechanism will not work at all!
* rolling on the floor laughing *


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July 06, 2017, 08:43:00 PM
 #1514

Looks like price dropping.

Probably the early investors (first 100) who owns almost 100% of XEL start to cash out.

Annoying but hey, at least more hands will own XEL now..
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July 06, 2017, 09:00:45 PM
 #1515

If we advertise, I am positive the price will jump. I have worked in finance/tech/marketing for 10 years. I've watched projects with larger money risks benefit from less-direct marketing. This is an easy spot. This will pay off handsomely. I don't think we should wait too much longer, either way it will work.

If you look at the patterns around verge, you'll see what I mean.

Also, Ethereum is not bad company to be in, as far as advertising on Bittrex.
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July 06, 2017, 09:05:11 PM
 #1516

Is this project still active? It looks like they have stalled. Is there any active network outside of the coin itself?

are the developers working full time on elastic?

I have lots of questions about the future of this project. Would be interested to get in contact with leaders of elastic.

SPARC (Science Power and Research Coin) - A Distributed Supercomputer - ICO Coming Soon
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July 06, 2017, 09:13:00 PM
 #1517

Is this project still active? It looks like they have stalled. Is there any active network outside of the coin itself?

If the developers are not being paid do they have full time jobs outside their work on elastic?

I have lots of questions about the future of this project. Would be interested to get in contact with leaders of elastic.

It has not stalled at all. I know, I am taking a much needed deep breath. The project has been going on for about 18 months and is not stopping. I have started to plan our conference in 2019/2020.

I am thinking Palau

https://www.youtube.com/watch?v=a5aJOUVupk4

https://en.wikipedia.org/wiki/Palau

It is strange to think in terms of "leader" for an open source project.



Love it. Can't wait to meet him in Palau.
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July 06, 2017, 09:30:48 PM
 #1518

They both said it. Trolls for sure.

I am pretty sure it's the same guy who claimed, that the redeeming mechanism will not work at all!
* rolling on the floor laughing *




The redeeming process is actually one of the smoothest I've seen in numerous ICOs (yeah, I know, Elastic was not an ICO… But my point stands). Others can learn a lot from it.

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HACKEN

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KingsDS
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SPARC - A Distributed Supercomputer


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July 06, 2017, 09:40:13 PM
 #1519

Sorry, perhaps stalled was not the right word.

I was looking at the github and seen Lizyaffe, your main contributor has not committed in some time. Is that you who are on a break? Do you think you will be returning to the code soon?

Is there an up to date road map I can look at for the future of elastic?

I'm not sure if my question was answered before; are the developers of elastic being paid by the company, or is this a donated time open-source project?

Some open-source projects have a core team of paid developers, and then open it up to the community, I'm wondering if this is the case.

It looks like a very interesting project, I will be sure to keep watching!

SPARC (Science Power and Research Coin) - A Distributed Supercomputer - ICO Coming Soon
techwriterjoe
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July 06, 2017, 09:47:52 PM
 #1520

Sorry, perhaps stalled was not the right word.

I was looking at the github and seen Lizyaffe, your main contributor has not committed in some time. Is that you who are on a break? Do you think you will be returning to the code soon?

Is there an up to date road map I can look at for the future of elastic?

I'm not sure if my question was answered before; are the developers of elastic being paid by the company, or is this a donated time open-source project?

Some open-source projects have a core team of paid developers, and then open it up to the community, I'm wondering if this is the case.

It looks like a very interesting project, I will be sure to keep watching!

Many of your questions will be easier to answer once our foundation is set up. That may take a week, that may take 3 months. I know others have already taken steps. We literally just got on to Bittrex 6 days ago. It was a big win for us, especially since all of our excellent devs have been grinding for 18 months.

The repos were recently organized, so that they would be ready for the exchanges, publicity, etc.

If you look at the prototypes, you'll see that we really are much further along than nearly any other project when they hit exchanges.

We are both a consumer product for researchers and an interesting crypto-currency project. Crossfield projects like these are usually slam dunks.
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