[ANN] [XEL] :: XEL - The Decentralized Supercomputer ::

[Soul_eater_123]

any reason for the price decreased?

Dumpers be dumping.  There are 36,816,350.47 XEL in the Bittrex wallet.  Almost half the total supply of coins.

Or people selling when the price is high and then buying back at a lower price when everyone else panics.

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[trader19]

Dumpers be dumping.  There are 36,816,350.47 XEL in the Bittrex wallet.  Almost half the total supply of coins.

that will even out as soon as there are more big exchanges trading xel. For now only one big exchange trades elastic so no wonder big part of supply there. Go and count ethereum supply in every exchange it trades, you will also probably end up with high % of supply on exchanges. As more exchanges pick up elastic so does coin supply gets distributed around.

[clivemy]

How is elastic different from other coins in the similar area like Golem, Sonm and IExec? Are they all trying to achieve the same results?

@others, feel free to correct me, but here is my tl;dr:

Elastic aims at using the hashing power of the network/of miners directly ot solve bruteforcable tasks
(i.e. trustless, but limits use cases)

Golem is basically supposed to be a payment layer on top of a decentralized computing architecture
(needs a reputation system, is not completely trustless)

SONM looks like a whitepaper with lofty goals to me but I didn't look that much into it
(Dunno, to me, it looks like these guys bit off more than they can chew. This is just my personal view, though)

IExec I don't now anything about.

Here's the remaining comparisons:

iEX.ec
iEx is not a standalone supercomputer software in the same sense as Elastic, since it requires several other pieces of technology to function. It is more a resource for distributed applications. iEx.ec seems to be aiming at providing distributed applications (running on the blockchain) with scalable, secure access to various services, data-sets and computing resources. The technology relies on Ethereum smart contracts and allows building a virtual Cloud infrastructure that provides high-performance computing services on demand.

iiEx.ec relies on XtremWeb-HEP, a open-source Desktop Grid software which implements all the needed features : fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.

SONM
SONM is a collection of technologies used to create their SOSNA technology and not a standalone supercomputer in the same sense as Elastic, since it requires:

Ethereum smart contracts - A consensus system ensuring transparency and security for the system’s participants
Fog computing - A decentralized and more efficient computing model compared to cloud
Yandex.Cocaine - An open source Platform-as-a-Service (PaaS) technology, and a decentralized computing platform
Docker Container - An isolated environment ensuring computing parallelism and appropriate apps running on any device
BtSync - A peer-to-peer system for fast and safe data transfer
Whisper - A peer-to-peer technology for node communication

[Mortimer452]

Dumpers be dumping.  There are 36,816,350.47 XEL in the Bittrex wallet.  Almost half the total supply of coins.

that will even out as soon as there are more big exchanges trading xel. For now only one big exchange trades elastic so no wonder big part of supply there. Go and count ethereum supply in every exchange it trades, you will also probably end up with high % of supply on exchanges. As more exchanges pick up elastic so does coin supply gets distributed around.

I hope so.  With the ability to earn coins through forging in the wallet, to me, it doesn't make sense to store that much on the exchange unless you're actively selling.

[syclone]

I'm just holding on to my XEL because I think EK is a sexy looking dude. #nohomo   But for real, the guy is super talented and patience pays. 

[xtrusion]

I bought some XEL coins via heatwallet a while ago, but as you can't trade with them meanwhile on the heat platform, I would like to transfer them for being more flexible, but unfortunately I don't know how to get the xel's away from heatwallet.

Via slack a guy named oscurito23 messaged me following:

----------------------
I saw you
TRansfer asset
recipient fim2@heatwallet.com
asset XEL
amount amount
Message YOUR WALLET
fim2 is the automatic procesor for XEL of heat
not my acount
ty for trust in my
---------------------

He mentioned that I will get a certain amount of heat's for the xel's after sending to the recipient.

Questions:
1) How to get sure that "recipient fim2@heatwallet.com" is not a fake? Sounds like being the wallet from anyone else..
2) Isn't it possible sending xel coins from heatwallet to f.e. bittrex? I don't want to sell coins yet as i would have to pay taxes

Could not find any help so thanks for all useful answers.

[oscurito23]

I bought some XEL coins via heatwallet a while ago, but as you can't trade with them meanwhile on the heat platform, I would like to transfer them for being more flexible, but unfortunately I don't know how to get the xel's away from heatwallet.

Via slack a guy named oscurito23 messaged me following:

----------------------
I saw you
TRansfer asset
recipient fim2@heatwallet.com
asset XEL
amount amount
Message YOUR WALLET
fim2 is the automatic procesor for XEL of heat
not my acount
ty for trust in my
---------------------

He mentioned that I will get a certain amount of heat's for the xel's after sending to the recipient.

Questions:
1) How to get sure that "recipient fim2@heatwallet.com" is not a fake? Sounds like being the wallet from anyone else..
2) Isn't it possible sending xel coins from heatwallet to f.e. bittrex? I don't want to sell coins yet as i would have to pay taxes

Could not find any help so thanks for all useful answers.

You are a bit boring, we have already explained in the slack, those are the official instructions to withdraw from heat.

[tomkat]

I'm just holding on to my XEL because I think EK is a sexy looking dude. #nohomo   But for real, the guy is super talented and patience pays.  

EK announced some time ago he's tired of this forum, and probably will be quiet until next "ninja" release  
I'm pretty sure they're working hard with coralreefer, and we'll see something soon, or perhaps at least a teaser of upcoming release...
(Would be cool additional devs jumped in too)

[Evil-Knievel]

We are indeed working hard but we have decided to limit our communication to a private channel on slack.

It really helps to stay focused. The problem is that some people seem to forget that we are working on an open source project here and try to give us orders, supervise our work and force us into some dubious time schedules instead of doing the one (any only) logical thing to do in case of a disappointment: contribute to the code base and do it better  

The second point why we are so silent is the entire investment talk. We do not want to be involved in this at all!

[435613422]

The Elastic lite wallet is not loading/working.

[tomkat]

We are indeed working hard but we have decided to limit our communication to a private channel on slack.

It really helps to stay focused. The problem is that some people seem to forget that we are working on an open source project here and try to give us orders, supervise our work and force us into some dubious time schedules instead of doing the one (any only) logical thing to do in case of a disappointment: contribute to the code base and do it better  

The second point why we are so silent is the entire investment talk. We do not want to be involved in this at all!

Thank you EK.
What is the location of the most recent codebase?
Is it this one https://github.com/OrdinaryDude/ElasticPrototypeWallet ?

[kurumi]

The Elastic lite wallet is not loading/working.

Just waiting fix #1 wallet.
Go the xel website https://www.elastic.pw/  
Choose wallet#2   https://wallet.elasticexplorer.org/index.html

[by rallier]

The Elastic lite wallet is not loading/working.

Just waiting fix #1 wallet.
Go the xel website https://www.elastic.pw/  
Choose wallet#2   https://wallet.elasticexplorer.org/index.html

Yes, you can use 2 wallet.it's same.
Btw wallet 1 fixed.

[syclone]

Will there ever be a windows wallet out for Elastic in addition to the web wallet?   I'd like to download a easier wallet to my desktop.  Keep up the excellent work Devs.

[ghoom2]

https://github.com/unvo1d/Elastic-XEL-Litewallet/releases/

[meejay]

Meanwhile price of the coin dips. Do you think it would go down more?

[cryptodv]

Meanwhile price of the coin dips. Do you think it would go down more?

The lower it goes, the more opportunity to buy cheaper XEL. If you believe in the project it should be a no brainer. The most underrated project in crypto hands down is Elastic. I keep accumulating as much as possible. Keep up with the fud, more for me. Regrets will be second nature soon. 

[rebal15]

Hello everyone.
I would to know if XEL is based on NXT because the wallet seems to be similar to NXT wallet and the price of XEL at the ICO.

Thank you in advance

[clivemy]

Hello everyone.
I would to know if XEL is based on NXT because the wallet seems to be similar to NXT wallet and the price of XEL at the ICO.

Thank you in advance

The Elastic Supercomputer software is built on top of NXT, with an adapted protocol. What this means is that the basic elementary functions of NXT (send, receive, message, account controlling) are retained and everything else has been removed.

[malcolml4]

I think on the basis of the hash encryption currency will continue to be popular, but XEL is provided to calculate the source of the party, will inevitably lead to explosive growth, cryptocurrency waits for change, XEL will be great enough.