$1 billion dollar market cap by 2019, I'll quote this post when it happens.
It will happen before 2019!
Maybe... but ICO price was just 800 satoshi and people are dumping elastic to fix their huge profit. I don't really expect the price to rise until this sell off is over.
how is this project better than golem network? how far is the "supercomputer" tech from being ready?
Prototypes are already running but a final version is (imo) still some months away.
There are several differences in comparison to Golem. One is for example that Elastic allows custom work-jobs being processed using an own programming language. While Golem focuses (at least at the moment) on predefined jobs and only very very longterm could handle custom designed work jobs.
But it may happen that Golem's predefined jobs could be much faster and more secure than Elastic's custom jobs. We have seen a video where Bitcoin was mined, how can we make sure that a custom job doesn't contain malware.
That's an excellent question. I'm not the expert in Elastic PL, but I don't think you could write malware in such a custom built language. If I'm wrong, please correct me.
This is a really good question. I'm pretty sure for now, the answer is yes, you can write malware on it.
However, I am pretty sure, those working on Elastic are aware of that. For example, this is where the supernodes discussion came from: possible ways to fuck up Elastic would be to write jobs which contain infinite loops or jobs with absurdly high complexity, so supernodes were proposed as gatekeepers, looking over job code, before aproving it.