Topic: [ANN] [XEL] :: XEL - The Decentralized Supercomputer :: - page 64. (Read 253604 times)

Even now, the ~ $25+ million market cap is a number of times more than than what was donated back in 2016.  Some traders buying in much later are unhappy for now, but strategies other than long-term HODLing are tricky even on Bitcoin itself, let alone altcoins.  Usually there is also some trolling from fans of projects perceived by some to be in competition, like the Monero vs Dash rivalry.

if it's a scam, then why should they partner with a marketing agency. It seems that some people lose their deposit and rock the boat.

We know reportedly that the person making the uncoordinated post has had access removed.  I don't know who all has access still to the Twitter account, but personally I wouldn't worry about it unless it happens again.

There is https://twitter.com/elastic_coin, there it is indicated that their site https://www.elastic.pw/, on this site it is indicated that their tokens are represented in 2 exchanges https://bittrex.com/Market/ Index? MarketName = BTC-XEL, and https://heatwallet.com,

It turns out that anyone can write on Twitter and anything? But this has a direct relationship to the Xel token and its value.

Oh indeed, which is one of the benefits of decentralization.  IIRC, I think it was someone other than the programmers, as, from their perspective, the market is not their direct concern one way or another.  Which is fair enough.

soon 

mark they, community members can do it as well I believe

Arguably now is not yet the time for marketing, when the code is a work in progress.  People most interested in the technical potential will get it at a low price during this altcoin bear market, and that is appropriate enough.

The decentralization mindset here is reminiscent of Bitcoin in ways.  Like there is no "Bitcoin, Inc.," there is no "Elastic, Inc."

Overall, the incident seems to be a combination of a cultural misunderstanding and different people going their own directions while having had access to the same Twitter account.

Marketing could come later but could be best when with a marketing group simply having already received a BTC or XEL payment up front from the person contacting them, not expecting some kind of endorsement.

(I'm not clear exactly what this marketing group expected from the programmers, other than being disappointed by the Twitter issue.  As an analogy, any random person could advertise Bitcoin, without Satoshi Nakamoto's personal endorsement, nor EK or Coralreefer's, though waiting until more of the code is completed could be better timing).

https://bittrex.com/Market/Index?MarketName=BTC-XEL

Are you sure they listed xel on bittrex? Bittrex require id, doesnt help the anonimity

Ok, not ICO just listing the Xel tokens on the exchange. If the team does not want to be responsible for the consequences of their words on Twitter, let it be written that they have nothing to do with their tokens, they are just programmers and it's their twitter.

What ico? You misinformed twat

To remove the responsibility for the manipulation of the market, you need to write in your twitter, need to warn the others then :


 Xel is just a coin that will be used later when calculating for services in the Elastic project. We, the creators of the project will publish any news that we want to tweet on our own, even if after that the coin does not cost anything. We sometimes do not at all think that we are talking, it does not matter to us how this affects the cost of the Village token. We are just a team of programmers who have released their ICO and we really hope that we will succeed. For this reason, do not distract us from our work and do not ask unnecessary questions, wait and hope - that's all we want from you. Those people who bought Xel do not mean anything to us, they just now have our coin in their wallet.


Probably Elastic is a great project and there are good programmers, but they came into business when they made ICO. In business, there are rules that need to be respected.
At least learn to ask for forgiveness for the actions of his team.

Understand, they control the course of Xel through their twitter. They are guilty in this situation 100%. This is called market manipulation. Because of such cases, the US government and many others recognize the ICO as valuable securities and for such comments the person then has responsibility before the law. This game is has a rules, and if they are not respected then they by law can punish  !!! There are posts and results of the schedule on the stock exchange. I agree that they could not do it on purpose, the probability of this is 50%. But they did it as badly as possible. I want everyone else to think about and not make such mistakes. And that would tweet Xel before us apologized.

There are cases when they sued for what bitcoin was called a bubble. - this is called market manipulation.

It's a promising project, but a little bit risky. Sonm keeps growing and Golem too. Always DYOR

I just seen a twitter post pointing out something rather valid: these 3 githubs contain over 15,000 commits to xel, with the latest being updated within the last 24hours

https://github.com/sprocket-fpga/xel_miner/commits/master

https://github.com/OrdinaryDude/ElasticPrototypeWallet/commits/master

https://github.com/unvo1d/Elastic-XEL-Litewallet/commits/master


now sit here and tell me 15,000 commits is a scam  development is very active, there is simply no fake hype like other projects, the second news gets release she doubles in price. decentralized supercomputer systems are future tech, condider this on STRAT before the pump, dont let butthurt twitter hype buyers make you  dump your bags, for this is a x100 project, without a doubt. big respect to the developers so far.

Golden Smophy scam?

Here and quite active in Slack, not sure about Telegram.

Do the Devs post here or in the telegram chat?

Does having a community that goes into an uproar all over the forums/slack whenever they disagree with a strategy really benefit this project? Or any project?

In my opinion the people doing the work have 99% of the say and they are 99% going to determine whether or not they create a project that offers value to their customers. The community then determines what that is worth by buying, holding, sharing, selling, etc.

Would google, Toyota, Apple or any other company creating a product determine their entire product line or entire strategy based off what the customers are telling, no. They may be influenced but at the end of the day it's up to them.

In the decentralized world there's a certain amount of power that the community has that I don't know if you'll find in other markets. People feel entitled to make decisions typically left to managers and leadership teams; it's an odd dynamic embedded into the realm. When you couple that with people trying to get rich fast and expecting 1000% returns a month after they've invested I think the result is what you'll see in many threads across these forums whenever a coin hasn't had an update in a while.

Do your research, invest in projects you believe in, disregard your emotions, and maybe you'll hit your goals. In the meantime never forget how revolutionary these products are and enjoy the fact that you were at the very least there when it all started.