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"Proof of Transaction" consensus debate - 10 million TAU 12 months Summary: an experimental true asset crypto currency without inflation
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network

Detail The plan for next 12 months is bold and intensive in following areas.
- Accumulated transaction history in an address will determine the probability to generate next block.
- Mining has to be permission-less and low computing power for mobile device. It shall not encourage hardware arms race or asset hoarding.
- Fight 51% attack — 51% attack is unavoidable on decentralized ledger according to Satoshi. With 51% power, one can do both short range (double spend, censorship) and long range attack. Checkpoint is used to contain long range attack in all POS, TAU will inherit that. For short-range attack, when POT blockchain lives 10 years, in order to secure 51% POT power, one need to either secure enough miners’ private keys to get power or build own power for same time period years. The older the chain, the harder to achieve due to time can not be created.

To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.

- Debate weekly to win - 200k TAU
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
  1st Prize; 100,000 TAU
  2nd Prize; 60,000 TAU
  3rd Prize; 40,000 TAU

October 16, 2018, 03:03:31 AM
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Self introduction- imorpheus I studied electronics engineering in Shanghai JTU and financial engineering in Columbia university New York. Worked on a few startup with one listed on nyse ticker JT, a financial search engine. I believe digital abundance will change our way of living including currency.
October 16, 2018, 07:24:04 PM
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Re: TAU Coin i like this idea so much. with your effort, TAU-X home page can host a dAPP store for you. there are 100K page views on that. Please move ahead full speed. if you are successfully launch that, i personally reward you 200K tau. During the sametime, please go to startup bounty discord section to claim your project.
October 16, 2018, 10:43:59 PM
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Re: TAU Coin TAU dApp store will make community easier to serve members and create value.
October 17, 2018, 08:22:44 PM
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Re: TAU Coin
i like this idea so much. with your effort, TAU-X home page can host a dAPP store for you. there are 100K page views on that. Please move ahead full speed. if you are successfully launch that, i personally reward you 200K tau. During the sametime, please go to startup bounty discord section to claim your project.
I like the app store of taucoin. This forum is the first app. New tau mobil miner is second one. Wallet and exploror ....

October 25, 2018, 01:27:44 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months The foundation development team is focusing on implement java based full mobile device mining node. we found that bitcoin does not have full java version. if we launch java version, we will be first alt coin having full java implemention which supports mobile devices like android.
Anyone know any coins having full java implementation? thanks.

For the upcoming main-net, we are still using transaction numbers as counting not the transaction fee. with epoch, we believe the transaction numbers accounting is able to resist spam. looking forward to more debate.

October 29, 2018, 06:33:49 PM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months Discussion on checkpoint technology.
To prevent long range attack, which is someone rebuilding blockchain from very early time to make it look like a real chain to confuse new miners, the current POT whitepaper suggests using checkpoint to make certain portion of blockchain permanent.
My worry is that if checkpoint is adopted as consensus, there will be lots hard fork to be generated because the miner made wrong choise can not come back. Blockchain itself can not prove it is genuine or or. Maybe something like Yelp service can give ranking as what fork has best chances to be real one. This situation is hard to happen in POW, but possible in both POS and POT. POT is harder due to you do need to accumulate one year transactions, but in POS you can quickly move the coins to do that.
Love to hear feedback on checkpoint thinking.

November 05, 2018, 12:42:41 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months Let me explain more on long range attack. Hackers with initial high number of coins, such as foundation or founders, can start from very beginning of blockchain to rebuild the entire chain using high stack (in POS) or high transaction records (in POT). POW does not have this problem, because of the rebuild entire chain require spend energy twice. Checkpoint is a consensus proposal that once chain grows cerain length, it is considered finality, no one can change anything, unless it is an complete hard fork which require new sets of miners to follow. I believe checkpoint needs to be implemented in tau.
Another idea to discuss today, shall we make time window to be entire history rather than one year.
Entire history with checkpoint will make 51% attack very hard to acheive. Assume tau chain has run one year, 51% attack hackers need to run one year as well to form 51%. If we make it entire history, the longer the chain grow, the harder it is.  Love to know your ideas.

November 06, 2018, 07:13:58 PM
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Re: TAUCOIN EXCHANGE REFERRALS We do not run tau exchange anymore. Thanks.
November 09, 2018, 05:06:42 AM
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Re: Self introduction- imorpheus welcome and please discuss and debate on our consensus of proof of transactions.
November 10, 2018, 11:35:09 AM
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Re: I am Okane Satoshi welcome on board.
November 10, 2018, 11:36:37 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months I love the feedback on keeping us focused and simple as basic coin settlement layer.

A key decision is made and very bold. "reduce the block size to 10kb" aims to support massive decentralized mobile nodes mining.
Peer to peer communication among millions of mobile devices require smaller block size. This is to increase data availability, resulting to provide high security. we believe security is upmost importance, given the recent BCH 51% attack show. We adjust our spirit to "light and secure". this puts us in a very unique position comparing to other coins increasing block size, which will cause centralization, due to less nodes have full capture of blocks on time. The reason for 10kb is average ethereum block is 50kb. As an experimental currency, we want to start with high security, 10kb makes us look not sexy, but 10kb blocks size in a pure mobile environment is very cool.
what is your feedback?

November 17, 2018, 08:14:34 AM
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Re: Coin TAU Mining! Yes, mining tau on android app is our next product.
November 19, 2018, 09:36:21 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months 10kb per minute on settlement layer is new but good for decentralization. The triangle, "decentralizing, security and scale", we would choose first two and trade off scaling. the future world in my imaging will be major application such as search engine, social and commerce running on dPOS semi-decentral consensus to gain scaling. TAU could use side-chain to settle with dPOS tokens to gain speed and other features. 10KB per minute is possible to gain millions of miners to join. so does crypto currency need millions of miner to protect it? or just less than 100 miners can hold the trust of the world?
November 21, 2018, 09:10:58 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months dPOS can do huge blocks in short time, that is why they are better for dAPP to operate. settlement layer require decentralized participation, tau is more focus on the "decentralized" part of the tri-angle. DPoS is on scale and consensus with a bit decentralized. it is complicated to debate how many miners are enough, i do not know either, how many TV channels do we really need? 8, 100 or a million?
November 22, 2018, 07:54:55 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
⚙⚙⚙ But devs should not forget this: high tx rates matters, which means TAU #Blockchain should be prepared to handle large amounts of transactions and in a fast but secured manner ---- POT⚙⚙⚙
Giving up high volume transaction numbers on main net is a big bet. Most of startup project dares not do that, but Satoshi did it through bitcoin in return for consensus. One blockchain to satisfy all DCS (decentralized, consensus and scaling) is impossible, there is math proof on that. One ecosystem of block chains can do that. Assume there is an ecosystem in the future, all we need to do is to pick up a position. TAUcoin picks up "decentralization" and consensus, which force us to run mobile mining and 10kb block size, no high volume as result.

November 24, 2018, 10:33:08 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months quote: While he (BM) only gave people some vague information about how this new hypothetical token would be, he described it as something that would be immutable, limited to the role of being a proper digital currency and non-programmable.

Dan Larimer finally decided to do a currency rather than a global computer. that is why learned $4B paid by the community. Tau is targeting to be currency only from day one. i am glad we are on right track.
Now POW is volatile, POS-eth might never come out, dPOS is consider not a blockchain, POT is one the way to the future...

November 30, 2018, 04:46:27 PM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months I think the world is over-using blockchain function to support too many application concept. the layoff of steemit shows that it is not ready for big platform. the current global peer to peer internet speed is only good enough for simple currency just like a modem 20 years ago only good for email. with 5G become pervasive, p2p telecom can achieve much higher speed and even lower cost of computing and storage, then mored app functions can be added to blockchain. right now, stretching the permission less block chain capability to too many area is pre-mature.
December 03, 2018, 09:55:25 AM
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[offer] promote your project on TAUcoin.io homepage ask for 500 TAUcoins for putting your project and idea link on TAUcoin.io home page for a week.
3 slots available.

My tau address:TAsmCNdhhJM3eAZHS98M9PVVpjZDdDTmWg

iMorpheus

January 18, 2019, 01:10:12 AM
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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months Answering: we are building an escrow service in web wallet to help p2p trade. Auction is not a good idea when community is not fully in love of mobile mining, we are not in rush to do that.
i think it is good idea for people to run p2p decentrally. we just provide our escrow service for free.
Back to consensus, I am pretty sure UTXO is problematic idea. first of all UTXO will cause so many small amounts that will take up precious block space and increase transaction cost. Merkle patricia tree cause ethereal ledger size hitting 7TB, it is become hard to keep up synchronize. when you hit that big data, it is only organization can run it, so to cause concentration. This will be equal to delegated POS at such big data size.
As we are all in betting into mobile permission-less POT mining. to that removing MPT is essential.
TAU main net is server-less environment, we believe a pure network consensus running on all cell phones. that is difficult, but deserve our effort.

March 16, 2019, 05:46:13 AM
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