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.
Topic: [ANN] [XEL] :: XEL - The Decentralized Supercomputer :: - page 94. (Read 253604 times)
They will be paid in XEL by the one who offers the job.
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
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.
Im looking graph...could be green day today.... 
Hi people, why does XEL raise and GNT fall?
They released a new beta and will release a final soon. Also, I think, their product is better, as they have their own programming language, for users to use.
I think supercomputer is next big thing in crtpto world
There are few projects and elastic is very promising.
There are few projects and elastic is very promising.
I trust supercomputer concept product will viral on social media in 2018. Let's look forward to it together.
I think supercomputer is next big thing in crtpto world
There are few projects and elastic is very promising.
There are few projects and elastic is very promising.
How is the code transition going so far? I believe that was the last thing I remember reading about the devs working on. Regardless, nice support on the exchange for this coin. Hold.
Hi people, why does XEL raise and GNT fall?
Supply and demand to put it simply. Even now GNT has a marketcap 5 times higher than XEL. Lots of upside for XEL is my guess.
XEL low in market cap. It is undervalued. People gathering coins make XEL raise.
Hi people, why does XEL raise and GNT fall?
Supply and demand to put it simply. Even now GNT has a marketcap 5 times higher than XEL. Lots of upside for XEL is my guess.
Hi people, why does XEL raise and GNT fall?
Developers for this coin are constantly working!! Anyone know when product will be released? Id love to see the workings of a supercomputer!! 😀
Is there a correlation between balance and how many blocks are forged?
Yes - how else would it work?
Some of those baancee are in the millions of xel. Unreachable at the current price thus turning away many potential supporters of the tech. Personally I don't care for myself, but when someone discovers xel they'll just see it as another scheme of the rich getting richer. That's my 2 bits.
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.
Is there a correlation between balance and how many blocks are forged?
Yes - how else would it work?
Some of those baancee are in the millions of xel. Unreachable at the current price thus turning away many potential supporters of the tech. Personally I don't care for myself, but when someone discovers xel they'll just see it as another scheme of the rich getting richer.
Don't advertise it as just needing 1000 xel and you're set. That's misleading. That's my 2 bits.
Thanks for answering my question and for your opinon. It is right, a lot of projects have not a working product and value a lot of money. I came to Elastic because I did research and was surprised about the posibilities. It is probably not a complete Ethereum but it is more easier to use in my opinion. I have some programming background and watched the Youtube videos how easy it is to deploy scripts.
It was a bit oversold, because ICO price was 600 satoshi and people sold tons of nearly free elastic from ICO. Elastic is going to have a working product soon (not sure if it can compete with supercomputers in datacenters, most likely no) in which case the fair market cap should be at least 50-100M, up to 200M. That's just because a lot of projects that don't have a working product cost a lot more.
Are there any news which cause the big price rise? I hodling Elastic for quite a time but I have never noted a such a big surge.
I follow the news but could not find a reason. Are pumpers just have found a new 'victim' or are there real new behind? Thanks!
I follow the news but could not find a reason. Are pumpers just have found a new 'victim' or are there real new behind? Thanks!
It was a bit oversold, because ICO price was 600 satoshi and people sold tons of nearly free elastic from ICO. Elastic is going to have a working product soon (not sure if it can compete with supercomputers in datacenters, most likely no) in which case the fair market cap should be at least 50-100M, up to 200M. That's just because a lot of projects that don't have a working product cost a lot more.
My node is now trying to forge but it seems like the big balance account get all the blocks. Is there a correlation between balance and how many blocks are forged?
I just have a few hundred over the minimum to forge. I am mostly running a node because I've discovered elastic (a bit late) and I like the idea behind it,but forging a few blocks would be a nice bonus.
I just have a few hundred over the minimum to forge. I am mostly running a node because I've discovered elastic (a bit late) and I like the idea behind it,but forging a few blocks would be a nice bonus.
how is that work now?
Is there a correlation between balance and how many blocks are forged?
Yes - how else would it work?
My node is now trying to forge but it seems like the big balance account get all the blocks. Is there a correlation between balance and how many blocks are forged?
I just have a few hundred over the minimum to forge. I am mostly running a node because I've discovered elastic (a bit late) and I like the idea behind it,but forging a few blocks would be a nice bonus.
I just have a few hundred over the minimum to forge. I am mostly running a node because I've discovered elastic (a bit late) and I like the idea behind it,but forging a few blocks would be a nice bonus.
I dont know why everyone got so out of shape cause of my curiosity regarding the funding......especially since there are multiple threads on the Elastic forum talking about how to solve this exact issue. I didnt even ask for details on the project's funds all I said was that it is a hurdle that the project will have to overcome. Am I wrong eehhh prolly not.
Thanks for the correction on the 100 billion coins!
Ill stay posted!
Thanks for the correction on the 100 billion coins!
Ill stay posted!
Simply put: there is no funding.
There is also no central authority, which could be considered suitable for holding and distributing any kind of funding. This is a crypto project in its original sense. If you don't know what I'm talking about, look at how Bitcoin came to life.
As EK articulately said before me, it does not matter what happened to any collected funds before - why? because the intent of these funds (which where collected under the label donation - as to no promises made for funds sent) was to facilitate the development and creation of the Elastic system. Now we are more than a year later and we are almost at the point of releasing a working system (this will happen, not guessing). What can you learn from this you may ask? well, you may learn that the project is reaching where it was headed for, and manged to pass so many initial goals/wishes. The funds issue is irrelevant because we are arriving where we wanted to be (with or without funds).
This issue has been discussed to death before and it exists in threads and old posts, therefore, I suggest eliminating any further discussion about it as it only brings more dust into the clean air we wish to have here.
Let me say it clear, if I put money in any project out there (and I do), I would pray for them to arrive to the state Elastic is in right now in many regards, even with 100mill funding behind them. It is that simple, for those who use their brains to think and their eyes to see what is going on around them.
No funding except for the ICO? Call me crazy but I remember an ico.
I can't take this anymore
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!
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