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Dazza

newbie

Activity: 56

Merit: 0

The priority of computation requests is a good point: this will also be covered in the white paper revision. I will write that part next. Wink

Just a suggestion: Why not let each miner decide for himself, out of the submitted user programs, which one he works on?

Honest, financially-motivated miners will work on whichever seems to them to be the most lucrative. Honest, altruistic miners might choose to work on projects they deem to be more socially valuable, or which they just find more interesting. Attackers will find a way to work on their own programs if that's what their attack needs, no matter how you arrange the work to be chosen, so your defenses against such attacks must not rely upon attackers never running their own programs.

Cryptorials

hero member

Activity: 690

Merit: 505

Cryptorials.io

Quote from: ?? on ??

Yes, the wallet.dat import tool is just there so novice users can easily get access to their crowdsale ELC coins without having to deal with private keys.
Of course it is perfectly fine to own the private key used for the purchase. That's all you need.

You will be able to simply import the private key into your elastic coin client. This will import the proper ELC address (that is associated with the public key) with all your coins in it.
Of course we will also offer the possibility to "swipe" your coins to a newly created ELC address by signing a swipe-transaction.
This is important to those who do not want to import or reuse their bitcoin private key in the ELC client. Those will also get easy access to their coins.

We will make this process as easy as possible.

Thanks, that's what I thought but I just wanted to check to make sure I wasn't going to be making life unnecessarily difficult for myself

Cryptorials

hero member

Activity: 690

Merit: 505

Cryptorials.io

I have a dumb question about the crowdsale: the description says there will be an import tool to swipe your ELC from your wallet.dat; if I send coins from an address which doesn't have a wallet.dat but which I have the keys for, I presume I will be able to fairly easily import from just the private key?

cyberhacker

legendary

Activity: 1330

Merit: 1000

leave a mark here.

don't let me down. i will be back.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

I'll watch this

Cryptorials

hero member

Activity: 690

Merit: 505

Cryptorials.io

Quote from: ?? on ??

I will give my best so that we publish a refreshed whitepaper this weekend which carefully addresses the 51% attack issues as well as all other questions that came up during the last days.

Awesome, hope it doesn't completely take over your weekend, lol.

Quote from: Dazza on February 20, 2016, 12:15:16 AM

I suggest we call it the "faster algorithm" attack or somesuch.

If I have to refer to it again that's what I'll call it then. Glad you're sticking around, I'll be interested to read how it works in more detail myself but I'd be more convinced that there's no problem if I know there is someone who seems to know what they are talking about trying to poke holes in it.

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

I just invested 1btc

https://blockchain.info/tx-index/df71cd7e97c66a899db7f7c66965856323c4b9fdf801eea2fa9b629a2dd47770

project has promise...he who dares wins

How do you decide which computation request gets priority? In the order they are submitted?

Dazza

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: Cryptorials

Looks interesting, I hope you get the updated whitepaper out before the reward reduces too much because if you can show that the 51% attack concerns are unfounded then I'll definitely want in on this.

I will give my best so that we publish a refreshed whitepaper this weekend which carefully addresses the 51% attack issues as well as all other questions that came up during the last days.

I assume you're talking about the attack I outlined above.

I suggest we call it the "faster algorithm" attack or somesuch. The effect of the attack is the same as the 51% attack in that it could allow the attacker to take control of the consensus and effect double-spends, and other assorted nastiness. But the computational resources required by the attacker are very modest indeed, much less than 51%.

nihilnegativum

sr. member

Activity: 432

Merit: 251

––Δ͘҉̀░░

Looks interesting.

Cryptorials

hero member

Activity: 690

Merit: 505

Cryptorials.io

Looks interesting, I hope you get the updated whitepaper out before the reward reduces too much because if you can show that the 51% attack concerns are unfounded then I'll definitely want in on this.

animalroam

legendary

Activity: 1073

Merit: 1000

Quote from: poornamelessme on February 19, 2016, 12:51:11 PM

Quote from: ?? on ??

poornamelessme, just to announce:
I have been in touch with Lionel and I made the decision that I will start working on this coin.

Thanks for that. It does seem like you know what you are doing there. The way you had been posting (more than Lionel even), led me to believe something like this, or that you invested most of the current ICO amount (guess it's a bit of both).

Lionel still plans to post his CV as well as the other team members though, right? I understand it can be tricky, as nobody here wants to post too much info about themselves ... but if going the ICO route, some info is needed. Usually when I invest in a coin (and expect many others do this too), it's not even necessarily about the coin ... it's about the devs.

I agree with poornamelessme. The main reason why I'm not investing so far is not because the code is not fully developed but because Lionel has not given his CV.

Braino

sr. member

Activity: 644

Merit: 250

IRONX - Fully regulated World-Class Exchange

ICOs are fun Wink

TheDR

full member

Activity: 124

Merit: 100

I just made another little contribution to the crowdfund. I am not certain if this project will get much more support but I have plenty of btc (also in early)if it starts moving faster. I have a little extra time to invest for free too if I see anything I can do. I do not have the repertoire as some others but I can develop skills. I think the lack of transparency is temporary oversight. But I will not go too deep in until it is worked on.
Sincerely,
Daniel Ray Waters Hazelton Ortiz (yes my legal name for real)

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: ?? on ??

poornamelessme, just to announce:
I have been in touch with Lionel and I made the decision that I will start working on this coin.

Thanks for that. It does seem like you know what you are doing there. The way you had been posting (more than Lionel even), led me to believe something like this, or that you invested most of the current ICO amount (guess it's a bit of both).

Lionel still plans to post his CV as well as the other team members though, right? I understand it can be tricky, as nobody here wants to post too much info about themselves ... but if going the ICO route, some info is needed. Usually when I invest in a coin (and expect many others do this too), it's not even necessarily about the coin ... it's about the devs.

Videodrome

hero member

Activity: 588

Merit: 503

Free Julian Assange

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: ?? on ??

Quote from: poornamelessme on February 18, 2016, 10:09:38 PM

Also curious about this. As someone who obviously has had his doubts (and will not bring them up again), at least I'd like to see profiles/info on the people behind the coin. So far, all I have seen are just a lot of red flags.

We all understood that you do not want to invest.
Can you please stop the red flag spam? You have done that for 5 pages already. Lets just not.

Hmm? I actually stated I was considering investing in the coin earlier, but there were issues not resolved to my liking (so I wouldn't be an early investor, but never ruled out investing later on). You can check my post history in general... I'm not a guy who just goes around spamming coins for the sake of spamming (either hype or fud/spam).

Asking for more info on the people behind the coin would hardly be called spam. If anyone gets all defensive over questions people ask in an ICO thread, I question the sincerity of both the devs and anyone supporting said coin. Nothing wrong with asking for more info about who is actually running the ICO. The fact that this info wasn't available Day One, is a red flag in my opinion ... it could just be an organizational issue... actually hope that is all it was.

TheDR

full member

Activity: 124

Merit: 100

Call this function S.E.E. Safe Elastic Ether apps

TheDR

full member

Activity: 124

Merit: 100

I am no shill. Had to look that up even though I guessed what it meant. But I have decided to wait until some of these concerns are dealt with. If this is a pump and dump or outright scam I am in the dark about it. I have some talents and if a few things about this project was altered properly I would jump in with them.

For instance with 150,000 transactions a second you could tout the potential use of them for future autonomous networks like D.A.C.'s This project could also easily contribute to APPS using Safe and Ether with it simultaneously. If you polished up your crowdsale presentation and gave more transparency I would be astonished if it did not sell out within a cycle of cpu.

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: OrsonJ on February 18, 2016, 04:08:55 PM

You've avoided responding to this twice now. Do you intend to put those profiles of the core development team up as stated?

Also curious about this. As someone who obviously has had his doubts (and will not bring them up again), at least I'd like to see profiles/info on the people behind the coin. So far, all I have seen are just a lot of red flags.

Makingsure

member

Activity: 140

Merit: 10

Judge a Man not by his postcount,but by activity

Quote from: TheDR on February 18, 2016, 09:34:25 PM

P.S. I have already started investing some btc but most of my btc is tied up momentarily. I am serious about contributing too.

gtfo

new ACCOUNT made just to show "how invested you are, and how talented you are"
but have no profile on the most popular btc forum in the world?

i smell a shill...

btw-- things like this de-credit you greatly, i am now NOT investing,
thank god i was waiting for less days left on ipo anyways

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