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

[mr.coinzy]

I think this project should be presented on several exchanges for more convenient attraction of investors. Why do developers care little about this, because this is one of the most important components of the development of any project?

The fluctuations of price of XEL currently mean nothing to the development of this project, and thus should not be a consideration when allocating time and effort at this stage.
There will be time to pursue such matters and it is not now. Those who lack the patience have other more noisy options to pray upon.

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[Deepfoelife]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

[tomkat]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

Probably because they believe it will go down even more, and they want to get out earlier.
This is selling the bottom - usually those guys exprience permanent losses and default quickly on any market (stocks, currency, crypto, ...doesn't matter).
However, XEL's bottom (in dollar terms) was ca. 0.11, so there's some space to touch it again 

[NutMasterTardd]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

This will keep happening for the next few months or years until XEL gets its own legs. Doesn't really matter I intend to pick up more if it dumps under 2k again, these are just standard price swings for a crypto market, some days up 50% some days down 50%. EK will create something truly amazing in time, he can take all the time in the world to get Elastic fully functioning.

[Sanderion]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

This will keep happening for the next few months or years until XEL gets its own legs. Doesn't really matter I intend to pick up more if it dumps under 2k again, these are just standard price swings for a crypto market, some days up 50% some days down 50%. EK will create something truly amazing in time, he can take all the time in the world to get Elastic fully functioning.

Are you sure project is still alive? There was no updates on github for a long time... EK is the only developer... Sound dramaticaly I hope my fears are groundless.

[soliton]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

Asian people celebrate, so currently too much opportunity for bots to lurk around in the order book and push the price down. XEL will be going  up once Asian new year is over.

[TheCrimsonFucker]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

Why are you surprised? The whole market is like this lately! Only the best projects will survive and XEL is among them, stay calm! You could understand this moment with a rare opportunity to get more XEL, in addition, Elastic proposes to provide applications for people's lives, profits and investments are just details.

[NutMasterTardd]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

This will keep happening for the next few months or years until XEL gets its own legs. Doesn't really matter I intend to pick up more if it dumps under 2k again, these are just standard price swings for a crypto market, some days up 50% some days down 50%. EK will create something truly amazing in time, he can take all the time in the world to get Elastic fully functioning.

Are you sure project is still alive? There was no updates on github for a long time... EK is the only developer... Sound dramaticaly I hope my fears are groundless.

Yes I am 100% sure the project is still alive, EK is doing a fine job. If you are not already a member of the Elastic Slack channel, I suggest joining there is a load of helpful information there and EK is very active.

Also you see in crypto you get noobs/trolls joining communication channels everyday asking the same questions here or on Slack like "where is roadmap or launch?" "Is this scam as no developments?" "I heard one dev left is project dead?" and they don't take 5 minutes to research anything because they are usually fucking idiots and want to be spoon-fed information. Having said this luckily there are many XEL supporters on Slack who answers these same questions nearly every single day.

With very little research anyone can see the commits on Github that EK is working on. I believe he also works locally on his own machine and doesn't update github with every slight change of code either. I truly believe at some point in the future he will have everything functioning. Although this could be months or years but either way EK isn't solely focused on making "investors" money so maybe if this worries anyone they should start looking at other projects to purely make returns. I think it is nice to have EK here that is trying to build something revolutionary and cares about the technology more than anything else, which is also the reason I think XEL will succeed.

[Deepfoelife]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

Why are you surprised? The whole market is like this lately! Only the best projects will survive and XEL is among them, stay calm! You could understand this moment with a rare opportunity to get more XEL, in addition, Elastic proposes to provide applications for people's lives, profits and investments are just details.

Prolly because I belive this project will become successful and I dont understand those people, but aight, Ima bought me more:) Elastic is unique project.

[maxxar]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

It's not that surprising, this project suffered a major hit by one of the two devs leaving and the other only working on it in his spare time. People probably don't want to wait years for something to be released, when the major competitor projects are all releasing within the next months.

[neoscorpius]

Now really unpleasant that the price has fallen so low. Will the project to the previous level at a price is still unknown. I hope that the developers will improve the project and the price will be restored.

[abaumgar]

I really surprised XEL is dumped harder than other coins. Why those dumpers bought XEL to sell it at the current bottom? Thanks for selling so cheap

It's not that surprising, this project suffered a major hit by one of the two devs leaving and the other only working on it in his spare time. People probably don't want to wait years for something to be released, when the major competitor projects are all releasing within the next months.

What competitor projects?

[maxxar]

What competitor projects?

iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goals, albeit with different methods.

[abaumgar]

What competitor projects?

iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goal, albeit with different methods.

I only know some of those projects and they are not comparable to elastic. For example, SONM doesn't even have a whitepaper and they cannot explain how they pay the miners (Unanswered question: https://bitcointalk.org/index.php?topic=1845114.msg29159219#msg29159219 ).

[maxxar]

What competitor projects?

iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goal, albeit with different methods.

I only know some of those projects and they are not comparable to elastic. For example, SONM doesn't even have a whitepaper and they cannot explain how they pay the miners (Unanswered question: https://bitcointalk.org/index.php?topic=1845114.msg29159219#msg29159219 ).

Saying they are not comparable without any reasons isn't terribly convincing.

I'm not that into sonm, but I think you put up a security deposit as a "miner" (aka computation provider), not requiring proof of work.
I like iexec's solution of proof of contribution protocol for that particular problem: https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c.

[abaumgar]

What competitor projects?

iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goal, albeit with different methods.

I only know some of those projects and they are not comparable to elastic. For example, SONM doesn't even have a whitepaper and they cannot explain how they pay the miners (Unanswered question: https://bitcointalk.org/index.php?topic=1845114.msg29159219#msg29159219 ).

Saying they are not comparable without any reasons isn't terribly convincing.

I'm not that into sonm, but I think you put up a security deposit as a "miner" (aka computation provider), not requiring proof of work.
I like iexec's solution of proof of contribution protocol for that particular problem: https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c.

I don't know iexec or what they call proof of contribution. Of course, this "proof of contribution" has to be some kind of "proof of work concept". Just giving it the name "proof of contribution" doesn't change this fact.

You are free to sell your XEL and buy iexec instead. There is no point in whining around here in the elastic thread.
 

[maxxar]

Sold three weeks ago already. Just giving some perspective on why the price is dumping, as some people seem surprised by that.

[neoscorpius]

Sold three weeks ago already. Just giving some perspective on why the price is dumping, as some people seem surprised by that.

I think the problem in the general market trend at the moment in particular is a sharp drop in the price of bitcoin. All this can drag on for a long time, it's terrible.

[scattypatty]

What competitor projects?

iexec, sonm, golem, dadi, aelf, dfinity, .. take your pick. All trying to achieve similar goal, albeit with different methods.

I only know some of those projects and they are not comparable to elastic. For example, SONM doesn't even have a whitepaper and they cannot explain how they pay the miners (Unanswered question: https://bitcointalk.org/index.php?topic=1845114.msg29159219#msg29159219 ).

Saying they are not comparable without any reasons isn't terribly convincing.

I'm not that into sonm, but I think you put up a security deposit as a "miner" (aka computation provider), not requiring proof of work.
I like iexec's solution of proof of contribution protocol for that particular problem: https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c.

do any of those projects have their own blockchain? or erc20? 

[yussuf89]

Elastic would be better with more marketing and more exchanges but faster coding process and more team members are required before all else. The project has been going slowly for months. Many XEL owners (not investors) sold their coins accordingly.