Post
Topic
Board Announcements (Altcoins)
Re: [SCAM ALERT] Elastic Project - The Decentralized Supercomputer
by
-Greed-
on 17/04/2016, 10:55:03 UTC
Also, the dev claims that, I quote:

>https://bitcointalk.org/index.php?topic=1396233.msg14526431#msg14526431 (mirror)
>No membership or registration is required. Your XEL are simply credited to the public key of the first input in your bitcoin transaction. If you do not understand the instructions on the website entirely, you might want to wait for the howto videos.

But the coin is not build on the top of bitcoin.

Later the other dev (EK) explains the redemption process:
https://bitcointalk.org/index.php?topic=1396233.msg14526549#msg14526549 (https://archive.is/wGUOL#selection-1673.0-1682.1)
https://bitcointalk.org/index.php?topic=1396233.msg14526785#msg14526785 (https://archive.is/wGUOL#selection-2645.0-2649.89)

Which is meaningless and actually cannot be done.

Just because you can't do it doesn't automatically mean that it can't be done in general, you idiot.
Actually, all you need to prove the ownership of a public key is to sign a message with the matching private key. Such signature check can be implemented in bitcoin, in litecoin, in any other coin and even in your toaster you pongid. If you don't know what you're talking about, then just shut the fuck up. You keep making a fool of yourself, and the world is watching amused. I have seen many trolls here, but you for sure are the stupidest.
Why are so hysterical? Can't you express your thoughts without insults?
Maybe I wrong about it, I not 100% sure. But the other facts are obviously pointing on a scam.