[ANN] [XEL] :: XEL - The Decentralized Supercomputer :: - page 136.

ttookk

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Quote from: coinmenace on June 24, 2017, 02:08:23 PM

How much BTC did Elastic collected in the ICO? Are there enough funds left for Development to continue?

Some interesting articles in the elastic blog:

https://www.elastic.pw/blog/2017-04-15-status-of-lannister-and-ico/
https://www.elastic.pw/blog/2017-06-09-why-we-are-launching-lite-wallet/
https://www.elastic.pw/blog/2017-06-21-the-elastic-community-the-developers/

- There was no real ICO, around 700 BTC were donated.

- All this money is lost, either by Lannister running off or by him, well, dying. He mentioned health problems.

The development was unaffected by this incident. EK, coralreefer worked without prospects of reimbursement, but were rewarded with donations of XEL after mainnet release.

For all intents and purposes, It's safe to say that at the moment, there are no centrally collected development funds, in any currency.

Feel free to read through the old thread to find out why this is not considered an issue.

ttookk

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Quote from: clivemy on June 24, 2017, 04:06:49 AM

Quote from: ?? on ??

There are many FIAT / Crypto exchanges which can be used as a gateway. Building an elastic only fiat gateway might be easier to implement since it could be spun in a way that its strictly buying tokens for a decentralized computer vs. buying crypto currencies. In this way someone might be able to circumvent the KYC regimes in most places.

Its simply an online purchase of tokenized cloud computing resources akin to amazon or ibm services.

But doesn't that mean that:

(a) the purchase of XEL becomes centralised and we end up with a centralised element in our decentralised system

(b) we still end up creating a centralised commercial business, if it doesn't get caught up in the crypto sphere

(a) Well, yes and no. If I buy BTC with fiat on an exchange, I buy it from a centralized instance. That doesn't mean that BTC as a whole is centralized. I would expect multiple instances from which XEL can be purchased. In fact, buying XEL on the market and sell it at fixed daily prices may be an interesting business model, since you could have an income off the arbitage.

(b) Even if a Elastic foundation was founded and ran a XEL/fiat gateway, this could not keep others from doing the same. And should this gateway get hacked and the XEL got stolen or the foundation would cease to exist, the Elastic Network and its code would still be out there.

coinmenace

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Everything you want, is everything you need.

How much BTC did Elastic collected in the ICO? Are there enough funds left for Development to continue?

Some interesting articles in the elastic blog:

https://www.elastic.pw/blog/2017-04-15-status-of-lannister-and-ico/
https://www.elastic.pw/blog/2017-06-09-why-we-are-launching-lite-wallet/
https://www.elastic.pw/blog/2017-06-21-the-elastic-community-the-developers/

michaelwang33

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Quote from: Soul_eater_123 on June 24, 2017, 12:48:31 PM

Quote from: michaelwang33 on June 24, 2017, 09:38:49 AM

you piece of shit, read the posts before you make motherfucking idiotic replies. another guy explained what it was damn your fucking insecure about your investment here lol stupid asshole

Lol just confirms you are an idiot as if we needed any evidence. If you think it is so bad WTF are you here? GTFO with your retarded attempts at FUD. At least put some effort into it.

again your sounding more stupid every time you fuckin post, god knows how you even registered lol. question was raised about a wallet with large amount of coins other user replied end of story where the fuck is the fud you little girl.

your the one who will be getting the fuck out as your taking anything as fud.

guys this is your guy to buy cheap coins of. hel piss his pants with any comment. unless the comment isnt super positive hel say it's fud. have btc aim at this fool.

dumb fuck haha

Soul_eater_123

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Quote from: michaelwang33 on June 24, 2017, 09:38:49 AM

you piece of shit, read the posts before you make motherfucking idiotic replies. another guy explained what it was damn your fucking insecure about your investment here lol stupid asshole

Lol just confirms you are an idiot as if we needed any evidence. If you think it is so bad WTF are you here? GTFO with your retarded attempts at FUD. At least put some effort into it.

Redawn

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Quote from: jasemoney on June 24, 2017, 12:25:30 PM

Quote from: by rallier on June 24, 2017, 09:50:53 AM

Quote from: michaelwang33 on June 24, 2017, 09:40:34 AM

Quote from: Redawn on June 24, 2017, 07:12:32 AM

Quote from: michaelwang33 on June 24, 2017, 07:03:25 AM

Quote from: by rallier on June 24, 2017, 06:59:37 AM

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

hey mate, you are wrong, it is genesis account , Genesis account is redeem accont , 36m coin not redeemed yet. (max supply 100m. coin)
http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/
http://elasticexplorer.org/about/

phew thanks mate that. 13 people with stashes over 1million two have 11million combined. will be interesting to see when they dump

That doesn't mean anything! Bitcoin and all other coins have wallets with great amount.

bitcoin is more established now and so are others. xel is new in the game. plus bitcoin all saw mega dumps before they got really big investors now

I gave escrow service a lot of people and I know just a few guys have at least 2-3 million XEL with this price, So already that bought XEL.

people buying millions at 20-25k sat?

Eh yes, I witness some accounts

jasemoney

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Activity: 1610

Merit: 1008

Forget-about-it

Quote from: by rallier on June 24, 2017, 09:50:53 AM

Quote from: michaelwang33 on June 24, 2017, 09:40:34 AM

Quote from: Redawn on June 24, 2017, 07:12:32 AM

Quote from: michaelwang33 on June 24, 2017, 07:03:25 AM

Quote from: by rallier on June 24, 2017, 06:59:37 AM

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

hey mate, you are wrong, it is genesis account , Genesis account is redeem accont , 36m coin not redeemed yet. (max supply 100m. coin)
http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/
http://elasticexplorer.org/about/

phew thanks mate that. 13 people with stashes over 1million two have 11million combined. will be interesting to see when they dump

That doesn't mean anything! Bitcoin and all other coins have wallets with great amount.

bitcoin is more established now and so are others. xel is new in the game. plus bitcoin all saw mega dumps before they got really big investors now

I gave escrow service a lot of people and I know just a few guys have at least 2-3 million XEL with this price, So already that bought XEL.

people buying millions at 20-25k sat?

realm

sr. member

Activity: 351

Merit: 250

when is elastic coming to a bigger exchange? any estimation?

by rallier

legendary

Activity: 1848

Merit: 1334

just in case

http://coinmarketcap.com/assets/elastic/

Coinmarketcap added Elastic Coin as asset. When we will launch on bigger exchange, We can send to new details to them.

They doesn't show elastic circulation amount. We have on this http://elasticexplorer.org/about/
https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

NWO1988

newbie

Activity: 8

Merit: 0

http://imgur.com/a/ACyF9

NWO1988

newbie

Activity: 8

Merit: 0

Quote from: oscurito23 on June 24, 2017, 10:22:16 AM

Quote from: NWO1988 on June 24, 2017, 10:19:12 AM

I just bought some XEL on heat. I'm trying withdraw XEL from HEAT AE using the guide.

Which states:

Step 1E: Withdraw XEL from HEAT AE

Transfer the XEL asset (id 3413518603556647655) to the HEAT account 9911527222839566773, see the figure above.

Enter the amount you would like to transfer and in the message field type or copy in your XEL- address and nothing else.

Finally press SEND. After 20 confirmations on the HEAT blockchain, the XEL will be transfered to your account on the XEL blockchain.

So I click on transfer asset.

Recipient: 9911527222839566773

Asset: XEL (3413518603556647655)

Amount: 0.05 (small amount to test transfer)

Message: XEL-....

It tells me "no matches found" for recipient and asset, "no enough funds" for amount and I'm unable to click send.

Help please!

You have enought HEAT to pay 0.01 fee?

Yes. The wallet in the top left corner show I have enough HEAT to pay.

by rallier

legendary

Activity: 1848

Merit: 1334

just in case

I don't recommend HEAT . I used for testing purposes, I sold a little amount and I am still waiting for BTC withdraw for 20 hours.. no any tx no any info about it ..
Some people has the same problem on Elastic Slack, if you invest it.

oscurito23

hero member

Activity: 583

Merit: 500

Quote from: NWO1988 on June 24, 2017, 10:19:12 AM

I just bought some XEL on heat. I'm trying withdraw XEL from HEAT AE using the guide.

Which states:

Step 1E: Withdraw XEL from HEAT AE

Transfer the XEL asset (id 3413518603556647655) to the HEAT account 9911527222839566773, see the figure above.

Enter the amount you would like to transfer and in the message field type or copy in your XEL- address and nothing else.

Finally press SEND. After 20 confirmations on the HEAT blockchain, the XEL will be transfered to your account on the XEL blockchain.

So I click on transfer asset.

Recipient: 9911527222839566773

Asset: XEL (3413518603556647655)

Amount: 0.05 (small amount to test transfer)

Message: XEL-....

It tells me "no matches found" for recipient and asset, "no enough funds" for amount and I'm unable to click send.

Help please!

You have enought HEAT to pay 0.01 fee?

NWO1988

newbie

Activity: 8

Merit: 0

I just bought some XEL on heat. I'm trying withdraw XEL from HEAT AE using the guide.

Which states:

Step 1E: Withdraw XEL from HEAT AE

Transfer the XEL asset (id 3413518603556647655) to the HEAT account 9911527222839566773, see the figure above.

Enter the amount you would like to transfer and in the message field type or copy in your XEL- address and nothing else.

Finally press SEND. After 20 confirmations on the HEAT blockchain, the XEL will be transfered to your account on the XEL blockchain.

So I click on transfer asset.

Recipient: 9911527222839566773

Asset: XEL (3413518603556647655)

Amount: 0.05 (small amount to test transfer)

Message: XEL-....

It tells me "no matches found" for recipient and asset, "no enough funds" for amount and I'm unable to click send.

Help please!

mr.coinzy

hero member

Activity: 500

Merit: 507

Can someone please administer some mod skills to tone down the foul language in the thread?
Conflicts/disagreements are fine as long as they are civil.

by rallier

legendary

Activity: 1848

Merit: 1334

just in case

Quote from: michaelwang33 on June 24, 2017, 09:40:34 AM

Quote from: Redawn on June 24, 2017, 07:12:32 AM

Quote from: michaelwang33 on June 24, 2017, 07:03:25 AM

Quote from: by rallier on June 24, 2017, 06:59:37 AM

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

hey mate, you are wrong, it is genesis account , Genesis account is redeem accont , 36m coin not redeemed yet. (max supply 100m. coin)
http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/
http://elasticexplorer.org/about/

phew thanks mate that. 13 people with stashes over 1million two have 11million combined. will be interesting to see when they dump

That doesn't mean anything! Bitcoin and all other coins have wallets with great amount.

bitcoin is more established now and so are others. xel is new in the game. plus bitcoin all saw mega dumps before they got really big investors now

I gave escrow service a lot of people and I know just a few guys have at least 2-3 million XEL with this price, So already that bought XEL.

michaelwang33

hero member

Activity: 574

Merit: 500

Quote from: Redawn on June 24, 2017, 07:12:32 AM

Quote from: michaelwang33 on June 24, 2017, 07:03:25 AM

Quote from: by rallier on June 24, 2017, 06:59:37 AM

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

hey mate, you are wrong, it is genesis account , Genesis account is redeem accont , 36m coin not redeemed yet. (max supply 100m. coin)
http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/
http://elasticexplorer.org/about/

phew thanks mate that. 13 people with stashes over 1million two have 11million combined. will be interesting to see when they dump

That doesn't mean anything! Bitcoin and all other coins have wallets with great amount.

bitcoin is more established now and so are others. xel is new in the game. plus bitcoin all saw mega dumps before they got really big investors now

michaelwang33

hero member

Activity: 574

Merit: 500

Quote from: Soul_eater_123 on June 24, 2017, 08:21:55 AM

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

Stop spreading your scammy bullshit here.

you piece of shit, read the posts before you make motherfucking idiotic replies. another guy explained what it was damn your fucking insecure about your investment here lol stupid asshole

teletobi

hero member

Activity: 734

Merit: 500

Quote from: dumple on June 23, 2017, 07:18:06 PM

Quote from: ttookk on June 23, 2017, 07:10:30 PM

Quote from: Soul_eater_123 on June 23, 2017, 06:57:09 PM

Quote from: cryptodv on June 23, 2017, 05:47:48 PM

Quote from: coralreefer on June 23, 2017, 05:46:09 PM

As the exchange discussion continues to grow, I just want to reiterate something....Elastic is not like other coins. We are not (or at least should not be) marketing Elastic to the crypto community, our target user is University Faculty, Scientific Community, Researchers, Data Analyst, etc.

We are still a ways from being ready for them. Behind the scenes we are working hard to finalize various parts of the design. I just hope that the recent push to shove Elastic into the spotlight is not pre-mature...to me it is.

You're right. A good fit would probably be working with the QRL Project as I read before. They are targeting the same community as well.

Not familiar with QRL - do you have a website or bitcointalk link?

QRL is Quantum Resistant Ledger. Don't know much about them, but as far as I know, at the moment, they are just an Ethereum token and an idea. I think their name says a lot about their goals. Tried to find the ANN, but I am too lazy right now.

coralreefer, to your point:

I kinda agree, but since we are talking about exchanges and stuff: how are scientists supposed to aquire XEL? This is a question I ask myself for quite some time now; sending them to an exchange doesn't seem right ("first, go buy Bitcoin, then buy other coins with your Bitcoin, then send them to your wallet, that you installed, then submit the task…" riiiiiight).

What Eastic needs, and I'm sorry to say that, is some kind of central point, where people who want to use Elastic but don't want to bother with all that crypto stuff can go to and just use it. Ideally, all they would have to do is submit the job and send the amount needed in fiat money to someone who basically acts as a liason.
Or, alternatively, a place where they can stock up on XEL without the need to jump through hoops, such as buying BTC or the need to buy directly from miners.

I realize that I am talking about third party services here, but this could be make or break for the Elastic Network as a whole, that's why I mention it.

Shapeshift could be an option. But the prices still need to be based off of exchanges, so exchanges are necessary (at some point). There's really no other way to get an accurate price.

Wasn't waves working on a Fiat Crypto Gateway? I think when XEL is ready to real use, maybe there will be more Exchanges with direct Fiat Transfer.

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: michaelwang33 on June 24, 2017, 06:52:36 AM

Guys i just saw rich list of xel. it says one wallet has 36million coins. surely that cant be right i thought biggest whale was 6million

Stop spreading your scammy bullshit here.

Topic: [ANN] [XEL] :: XEL - The Decentralized Supercomputer :: - page 136. (Read 253610 times)