How come this fud has come up all today.

which fud? burning ela?

No FUD, the future of Elastos is down to the community as a whole, no one else

Where we are heading. Some direction is needed.

Scott
Where we are heading. Some direction is needed.

Go in whatever direction you feel benefits the Elastos ecosystem

What about Hive. At this stage it’s just a concept. Is it true that devs are not sure if it will work?

That’s the idea of decentralization

Scott
What about Hive. At this stage it’s just a concept. Is it true that devs are not sure if it will work?

There is no final IPFS solution at the minute, even Filecoin with all the venture capitalist money hasn’t a solution. Hive is closely following Filecoin

I saw KP talking about it in the other chat.

There are multiple things to Hive. Hive already works. What i was referring to is adding more capability to Hive. as far as that timeline, I don't know yet. sorry

Elanote is already using Hive I believe as well, correct me if I'm wrong @JMarcus

I just heard some fud from 2 other people online today and then opened up the chat to people talking about we might not make it. And burning tokens and stuff.

Scott
What about Hive. At this stage it’s just a concept. Is it true that devs are not sure if it will work?
it's not just a concept, look at this githubhttps://github.com/elastos?utf8=%E2%9C%93&q=hive&type=&language=

A high standard and faith in the project. Some proposals should also consider the future value of ELA.

I think people think blockchain projects are going to play out like traditional startup companies where most eventually just take some kind of final blow and its all over. But we're dealing with technologies here, so I personally just don't see it playing out this way, especially for this project. We could fly under the radar for 5 years until a certain application becomes a catalyst for something mainstream. As long as the tech keeps improving and enabling new potentials I really don't see why it wouldn't eventually be successful. Unless you wanna say that we're all just going to retain the centralised internet model, or someone else is going to copy Elastos' code.

Burning ELA seems odd to me. I'd much rather discuss how we can rebalance inflation to incentivise storage once Hive is fully realised. The simplest example being like a 4 way 25% split between miners, voters, developers and storage maintainers.

Multastoy
or we could accelerate it to find that killer app by using that available funds.

For sure. I'm thinking of trying to start a Meetup of some kind to try and see if I can gather like minded people to make something in my city. I feel compelled to want to participate in all of this.

There are two important CRC candidates that people should support in the election, one is the Bitwork (marketing) and other is Strawberry Node (exchanges) I think these nodes will make and support the above as priorities

2020 is a critical year, we know this

Even Rong has said that himself

We have tuum technologies focused on developer on boarding

the question is what's the best strategy for using that funds. i think this the task for next council members, to set a plan or guidelines what they wanna do for their term as cr council. then CR members (all of us here) can give support and start helping with it

and we have the like of Elephant and DMA focused on bringing business into the ecosystem

And of course Feng bringing in business and exposure

We actually have a decent set up, if people are prepared to see beyond the price

And Orchard in terms of business and exposure

You know what I would prefer, were it possible, would be for cmc to reflect the total supply marketcap, rather than half. I think that would perhaps appease people that are going on about burning tokens (which imo is just a short sighted waste)

Just read through the past few hours of chat....burning ELA?...kindly GFY

@ClarenceL is it likely that BitWork will cook up a marketing strategy and proposal for Elastos straight after the Elections?

I think while Andy is In the limelight, it would be good timing in Q2?

i believe they will and they want too, but the question is how much we're willing to spend? how to supervise it? what do we expect from that initiative?

Yeah we need marketing.

Multastoy
i believe they will and they want too, but the question is how much we're willing to spend? how to supervise it? what do we expect from that initiative?

These are all questions for the elected council and the community. Something is better than nothing....I am sure if we have a few options on the table then we can confidently decide

One day I’m imagining if this is going to be a 5-10 billion dollar market cap. The next the lead dev is saying ela is dead within a year if we don’t start marketing.

I don’t know if I need to sell some to play it safe

We would obviously need to take guidance from BitWork as to what is the most effective

Scott
One day I’m imagining if this is going to be a 5-10 billion dollar market cap. The next the lead dev is saying ela is dead within a year if we don’t start marketing.

you must read it with context. he was telling his opinion about burning tokens. if you burn all the 16,5m ela, we don't have anything left to fund all those marketing things

That’s one way to look at it.

So he’s not in favor of a token burn

Look what the project needs right now is an update about the apps that are being built right now with in the ecosystem. So other people can grasp the vision and scope of the project.

Hyper, WefilmChain, Titan, CDN, Hive

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