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Author Topic: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::  (Read 221042 times)
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August 09, 2017, 07:37:12 AM
 #1941

This trading talk really sucks!
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August 09, 2017, 08:16:59 AM
 #1942

This trading talk really sucks!

I don't mind the trading/price talk, it's an integral/normal part of having the coin out and traded. But, this talk is better done in specific places (dedicated for that cause - in the price bct thread (https://bitcointalk.org/index.php?topic=1589333.0;topicseen) and in the forum and slack for example) and not here in the main thread.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
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August 09, 2017, 08:33:42 AM
 #1943

I was wondering, if this is going to be a success and lots of companies use it, how will people be incentified (is that the word?) to run nodes? To have as much computing power as possible
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August 09, 2017, 11:28:07 AM
 #1944

I was wondering, if this is going to be a success and lots of companies use it, how will people be incentified (is that the word?) to run nodes? To have as much computing power as possible

They will be paid in XEL by the one who offers the job.
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August 09, 2017, 02:54:17 PM
 #1945

I think supercomputer is next big thing in crtpto world
 There are few projects and elastic is very promising.

Agreed. XEL will have a good momentum.
Check out RLC coin as well. Same concept, but probably the most undervalued "supercomputing" coin there. And a truly fantastic team behind.

If you believe in supercomputing on the blockchain, you should have both of these coins in his portfolio.

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August 09, 2017, 03:55:02 PM
 #1946

How do i (mine) XEL?  or that info i found on the web is wrong and i cant mine XEL?
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August 09, 2017, 07:00:04 PM
 #1947

PoS is "The rich getting richer." And PoW obv too.

And btw you didnt answer his question: How else should could PoS work if not by paying per XEL?

I have to say i am often astonished about folks that are part of BTT for years and still have to learn the absolute basics of what secures the Blockchain, be it PoW or PoS.

Edit: You see getting paid per XEL is basically how PoS works, if you would give the same amount of earnings to every forger be it no matter if he holds 1 XEL or 100 XEL everyone would just spread their XEL into thousands of little 1 XEL Accounts and forge that way.

It simply doesn't make any sense what you are inherently proposing here. Cryptocurrencies are not socialism and wouldn't work if someone would try to force socialism onto them. Cryptocurrencies and the whole cryptocurrency economy are pure capitalism. If you like it or not.



Lol you said it much better than I could!  


Frankly I used to be surprised by this sort of ignorance but I see so many examples of it that I'm not any more.  It is more worrying that people would invest time and money in things they quite clearly don't understand but if we look at the success of financial scams in general (not just crypto) it is not such a shock.

I also see a lot of this extreme socialist kind of thought that comes from intellectual laziness - people often ask for "equality" without even considering the actual consequences of it.  Further they don't even think of the fact that whenever communism or extreme socialist agendas have been attempted they have often resulted in even more inequality by creating a tiny oligarchy which lives in absolute comfort whilst everyone else is forced to have equality in miserable poverty.  

Bringing it back to the crypto world:

If you haven't bought in or contributed to the project in another way (e.g. code) why should you be rewarded equally to those that have?  It is clearly a nonsense not to mention the fact that it couldn't even work mathematically - how would the algorithm work - would people get random rewards?

Then what is the incentive to hold any coins at all? - Just stick some dust in a million wallets and you will make a ton of XEL.  It would create a ridiculous situation.

The basic theme underlying these sentiments is a sense of entitlement that seems rife nowadays - the idea that everyone should be rich or wealthy without having to put in the effort that it takes to get there.

To be frank it is quite immature, not to mention a fantasy.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM

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August 10, 2017, 04:21:06 AM
 #1948

The misconception of what socialism even is in this thread is disappointing.

You all do realize that Bitcoin in its purest form is a type of communist concept right? Satoshi was trying to even out the field in the world of the haves too much and haves not much at all.

Even XEL "Decentralized" motto should tell you everything  Roll Eyes

Anyways I'll be shutting off my node as seeing members in the community just see this as a "get rich quick scheme and let's centralize it".  I'll be watching from the sidelines.
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August 10, 2017, 06:35:27 AM
 #1949

I find the similar project form wiki. If someone interested to know..

https://en.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing
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August 10, 2017, 07:13:03 AM
 #1950

The misconception of what socialism even is in this thread is disappointing.

You all do realize that Bitcoin in its purest form is a type of communist concept right? Satoshi was trying to even out the field in the world of the haves too much and haves not much at all.

Even XEL "Decentralized" motto should tell you everything  Roll Eyes

Anyways I'll be shutting off my node as seeing members in the community just see this as a "get rich quick scheme and let's centralize it".  I'll be watching from the sidelines.

(…)

It simply doesn't make any sense what you are inherently proposing here. Cryptocurrencies are not socialism and wouldn't work if someone would try to force socialism onto them. Cryptocurrencies and the whole cryptocurrency economy are pure capitalism. If you like it or not.


(…)

I also see a lot of this extreme socialist kind of thought that comes from intellectual laziness - people often ask for "equality" without even considering the actual consequences of it.  Further they don't even think of the fact that whenever communism or extreme socialist agendas have been attempted they have often resulted in even more inequality by creating a tiny oligarchy which lives in absolute comfort whilst everyone else is forced to have equality in miserable poverty.  

(…)

Could you please leave out the political talk? Every time I read "socialist" or "communist" somewhere, I know I'm about to see a massive mudflinging fest, with no winner, but a lot of losers.

Regarding the "rich getting richer" thing:

What is called PoS in XEL is not exactly a rich getting richer scheme. Apart from transaction fees, there is nothing to earn. In the last hour, there were four transactions, which add up to 0.4 XEL transaction fees. And someone has to mine those blocks which have no transactions at all.

I'm pretty sure that no matter how big a whale you are, at the moment, staking loses you more money than it makes. This indicates, that whoever is staking at the moment, does this either for fun or because they believe in the future success of Elastic, when there will be multiple transactions per block and staking might actually be profitable. At the moment, it loses them money rather than making them money.

That all being said, I have yet to see a convincing concept of a "Proof of…"-system that rules out the possibility of people with lots of money buying a better position, be it by buying stakes (PoS), hardware (PoW) or votes (DPoS). I'm not exactly a fan of "rich getting richer" schemes myself, which, admittedly, is partly because I'm not one of them, but as long as there is no convincing alternative solution, I consider it a given.

This has nothing to do with politics, but with inevitable effects resulting from applying a set of rules. You can't choose only the parts that you like and leave out the rest, that is not how these systems work. You can only change so much to keep a system in a workable state, anything else has to be adapted to the given set of rules (and the consequences following these rules).



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BLACKBOX OS
The Future of Work. Decentralized.
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█ ANN THREAD █
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August 10, 2017, 07:31:59 AM
 #1951

Hey hey,

Elastic gonna go to 200.000 sat at least before end of september.

Accuracy prediction? 100%

I make my home work.

I bought for 34 BTC at 18.500 sat to 19.500 sat.

Just weak hands gonna sells before end of september.



We agree somewhat with your estimate. Our target is $4.2 (weighted average per XEL), but that's just the shortterm.  Considering all potential futures branching out from this point, we see Elastic technology as doing a lot of good for a great many people.  Our DD found that EK's teams' design and goals are sensible and achievable, whereas other similar projects have quite outlandish ideas that are not possible (some are clearly pseudoscience).  We anticipate Elastic will quickly become a de facto cloud computing platform.  Technology is the key here, not ico prices nor past history.  Markets are a discounting mechanism: they discount past history and anticipate the future.

Yes i know, its going to be something between 400.000 sat and 1.000.000 sat before end of this year.

200.000 sat is just a first step.

There are at least 3 supercomputer projects,,, on paper SONM looked like the most able, with strong development team. With experienced persons from actual supercomputer background. And yet look at what happened to them.
Elastic may appear less desirable next to SONM but as you say, they are a lot more realistic.



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August 10, 2017, 07:35:33 AM
 #1952

I like that they are really on the road, meeting people, having conferences and so on. They are doing a really good job.

Passion.
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August 10, 2017, 08:15:56 AM
 #1953

I like that they are really on the road, meeting people, having conferences and so on. They are doing a really good job.

Honestly, they should rather spend their time programming! The rest brings no real benefit to the technology at all Smiley
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August 10, 2017, 08:21:01 AM
 #1954

Honestly, they should rather spend their time programming! The rest brings no benefit to the technology at all Smiley

Absolutely not! I am a dev and I a know I can only make a software better by talking to people using it.. And also by talking to people never seen it before. When creating a new software, actuall programming is about 15% of all the time.

They combine marketing and feedback, which is amazing.

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August 10, 2017, 09:11:34 AM
 #1955

Just fyi, here is another one:

https://bitcointalk.org/index.php?topic=2076572.0



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August 10, 2017, 09:11:43 AM
 #1956


Can you paste an invite link for their slack
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August 10, 2017, 09:13:03 AM
 #1957

How do i (mine) XEL?  or that info i found on the web is wrong and i cant mine XEL?

As of now you can only forge like in NXT - block fees go to forgers.
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August 10, 2017, 10:32:56 AM
 #1958


Can you paste an invite link for their slack

or just screenshot the message and post it here
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August 10, 2017, 01:50:38 PM
 #1959

No funding except for the ICO? Call me crazy but I remember an ico.

I can't take this anymore Roll Eyes Yes, donations were collected almost 2 years ago (Alerta: no ICO!!!) with the purpose to kick off the development process. This obviously worked, didn't it? It is absolutely irrelevant whether it was required to burn them, throw them in the toilet, donate them to charity, use them to quit the job and pay the running expenses while coding, pay for 10 litres of Kopi Luwak coffee per day to stay shap-focused or if some other complex butterfly effect was made possible to happen. It just does not matter.

But there is one thing we can be sure of, clearly "creating a foundation, forming a corporation and funding developers on a monthly basis" was not the way the whole thing headed. It just didn't, even if you try to create the impression of the opposite. But this is fine, since it was never promised!
You can call it what you want but I am just saying that if the SEC or whatever poke their noses into this it will be classified as an ICO. I would just rather not live in fantasy land concerning this just because it was labeled a donation later. This sort of jargon dancing will just confuse kids and piss off gov types while simultaneously misleading legit investors. I dig the idea behind the project as quantifiable decentralized compututational resources are literally the whole aim of all this but I think this is a mistake to not call it was it was. If there were tokens or premined assets sent out based off a "donation" ledger then.... Sorry if you guys get this a lot, I just see this as an up and comer and feel like something big is coming in terms of regulation and authority for all of us. I will see myself out now. Best of luck sir, good to talk to you again.

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August 10, 2017, 02:42:59 PM
 #1960

The misconception of what socialism even is in this thread is disappointing.

You all do realize that Bitcoin in its purest form is a type of communist concept right? Satoshi was trying to even out the field in the world of the haves too much and haves not much at all.

Even XEL "Decentralized" motto should tell you everything  Roll Eyes

Anyways I'll be shutting off my node as seeing members in the community just see this as a "get rich quick scheme and let's centralize it".  I'll be watching from the sidelines.


The only misconception here is yours and the only person who believes this is get rich quick scheme is you - that suggests you have not been here from the beginning.  

I think this also reveals your true motives - I think deep down you want it to be a "get rich scheme" for you and since it hasn't worked out that way you are leaving.  

At least be honest about your motives and don't pretend that there is some higher ideal here.  


I don't have a problem if people believe in alternative ideologies - I just don't like people coming up with self-righteous bullshit to make it look like they aren't being selfish.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM

Check out my posts on Steemit.com if you like medical posts with occasional photography, art and the odd bit of crypto commentary:

https://steemit.com/@thecryptofiend
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