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Not sure if it was mentioned earlier but it would be better if all 5 million coins end up distributed no matter how much BTC end up donated. As it is now, based on BTC value, 7.69 % coins should be distributed which is less than 500k coins, quite a low supply. It would eventualy complicate commerce, even with 8 decimal places. Many argued on this forum that even Bitcoin with 21 million coins total could run into same issues so I think ELC community should not opt for very low coin supply.
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I've looked a bit more into this, and I wish you the best with this project Evil-Knievel, but I think it's too early to ask for crowdfunding donations when major concepts of how this will work aren't laid down yet.
Dazza, what do you think about the "submitting PoW transactions increase your chances to find a PoS block" approach?
Do you think we can used that as some sort of basis?
At least the FAA attack (assuming linear speedup) cannot give you godlike powers (as the 51% attack does in Bitcoin) but can only give you at most a linear (i think we could also go for logarithmic or square root) increase in the probability to find a block successfully.
Do you think we can used that as some sort of basis?
At least the FAA attack (assuming linear speedup) cannot give you godlike powers (as the 51% attack does in Bitcoin) but can only give you at most a linear (i think we could also go for logarithmic or square root) increase in the probability to find a block successfully.
Pure PoS has its own version of the 51% attack - an attacker with 51% of the coins can subvert the consensus. He doesn't have to own them outright, only control them for PoS purposes. Online wallets present the same centralisation risk as mining pools do for PoW.
When you says "submitting PoW transactions increase your chances to find a PoS block" do you mean the buyer or the miner gets the enhanced chance? Arguably it doesn't really matter any attacker is likely to be both. He will arrange that his coin is spent only on his own miners.
How does proof of storage work?
first line,... p2p through the Web.
third line elastic coin SDK....spell out SDK
last line - by the miners. All at a fair and market driven price.
third line elastic coin SDK....spell out SDK
last line - by the miners. All at a fair and market driven price.
Typo under Foreign pubkey box on this page: http://elastic.pro/send.html
ETH -> ELC
On that same page, I'd change this word:
How many ELC do you want to transfer? You can use up to 6 digits after thecomma decimal point.
Typo in thread OP, third paragraph:
Imagine you could move from the traditional cluster and
decide to have your tasks solved by the Elastic Coin network for as low as a few ETC coins.
ETC -> ELC
ETH -> ELC
On that same page, I'd change this word:
How many ELC do you want to transfer? You can use up to 6 digits after the
Typo in thread OP, third paragraph:
Imagine you could move from the traditional cluster and
decide to have your tasks solved by the Elastic Coin network for as low as a few ETC coins.
ETC -> ELC
Hi we were talking a little bit about Elastic coin on our podcast last night. It seems like one of the most technologically ambitious coins announced recently and we were having some trouble understanding the details. The white paper is kind of over our heads. We were wondering if anyone would want to come and say a few words about Elastic coin next weekend on our show. Just describe what the project is about and whatever else you might want to say.
You can checkout our chat about Elastic coin at https://bitcointalksearch.org/topic/m.14041973 Elastic coin is discussed at 16:13:00 .
We will be watching your project with interest!
You can checkout our chat about Elastic coin at https://bitcointalksearch.org/topic/m.14041973 Elastic coin is discussed at 16:13:00 .
We will be watching your project with interest!
No new investments since yesterday. While I'm happy about my bigger share on one side, I'd be haopy if the sum would exceed 100BTC on the other side. So that you have more funds for development 
I think more will come in once everything is figured out (like if it's mathematically possible this thing will work) and a dev team is announced. Still following the coin, just not willing to jump in until I know the coin could actually be made. Although by then the changing rewards could be an issue for me.
Hi,
do you need german translation (for some ELC)?
best regards
do you need german translation (for some ELC)?
best regards
No new investments since yesterday. While I'm happy about my bigger share on one side, I'd be haopy if the sum would exceed 100BTC on the other side. So that you have more funds for development
I read the white paper. Great ideas. Invested small amount in this project. I don't know much about coins but i do know most successful projects come from crazy ideas and crazy people. 
.BTW all the best EK and teams.
.BTW all the best EK and teams. 
Great to hear that work has already started with creating a fork and adding different transaction types.
As long as you're sure that you won't feel the need to go back and revise the earlier chapters when you start working on the later ones then publishing each chapter as you complete them would be nice too.
As long as you're sure that you won't feel the need to go back and revise the earlier chapters when you start working on the later ones then publishing each chapter as you complete them would be nice too.
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In what way is this relevant to us?
Another advantage to dumping user-supplied PoW. The project naturally splits into two subprojects
Edited to add an appropriate film reference.
Will you be covering what typy of governance system you would like to see in place in the whitepaper? Looking at bitcoin and the number of miners that are now based in china l am not sure at what point and how much of bitcoin and the blockcain they will
control. Are they the ones who should be controling it? I dont think do. Like order to disorder, decentralization leads to centralization unless there is a mechanisim in place to keep it in place.
just some thoughts
excuse the typos...tablet typing not my best
control. Are they the ones who should be controling it? I dont think do. Like order to disorder, decentralization leads to centralization unless there is a mechanisim in place to keep it in place.
just some thoughts
excuse the typos...tablet typing not my best
I cannot comment on that as I neither know about ITOA nor did I follow their announcement threads.
But in general, it is never wrong to check if there is really some research going on or if an announcement thread is full of sockpuppets hyping the coin with excessive "moon-talk".
Such trolls are like a shady car salesman. Always want to show you the price and kick the tires but don't want you to look under the hood.
lol, anyway that is very entertaining.
another noob question.
what we will get when ELC launch. a token created on OMNI, XCP or a real "ELC" on ELC chain or platform.
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