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Legal / 📝5 Cryptocurrency Tax Questions📝
« Last post by Kriptolab on April 15, 2019, 02:57:11 PM »

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

Legal / 📜US Regulators Exclude Crypto from Securities Law📜
« Last post by Kriptolab on April 10, 2019, 03:38:14 AM »
Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security.

The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D), and seeks to exclude digital currencies from being defined as securities by amending the Securities Act of 1933 and the Securities Act of 1934.

The press release notes that the recent iteration of the bill will differ from that which was introduced last year. Notably, it clarifies the jurisdictions of the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC).  It also states that a preemption provisions was included the Act that would supercede “heavy-handed” regulations like New York’s“onerous” BitLicense.

Legal / 📜Cryptocurrencies in Criminal Law: Michigan📜
« Last post by Kriptolab on April 10, 2019, 03:29:37 AM »
The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain.

Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions relating to money laundering, embezzlement, credit card fraud and financial transactions involving the proceeds of a criminal offense.

The legislation also prohibits the collection of cryptocurrency — or any currency — for the fighting, baiting or shooting of an animal.

State Rep. Ryan Berman told the Detroit News that the bill was inspired by a case of a dog-fighting ring, wherein the organizer was prosecuted, but not individual participants, as they placed their bets using cryptocurrency, which was not expressly prohibited under the law.

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TAU startup idea. / Taucoin Adoption - Startup Idea
« Last post by Hero90 on April 02, 2019, 09:58:17 PM »
Taucoin Adoption - Startup Idea

I have Start-Up Idea to Build in Taucoin Ecosystem.
But  I don't have Programmers Background,If anyone interesting with my idea,please replay this thread or contact by telegram @Tsubasa90 !!

We must have big and excellent team to build this Start-Up.

TAU Articles / MEDIUM ARTICLE 03/30/3019 Server-less Computing
« Last post by zityx23 on March 25, 2019, 04:38:36 AM »
In network computing, we evolved from “client-server” to “web and app” through past half century. They all have central server for date consolidation. A client or peer should connect to a server to get application working.

In blockchain, a peer does not want to talk to a central server. It wants to talk to consensus as a virtual being. There is no garantee or plan on what machine it connects to or never connects to. To achieve this, we require a new computing idea. I called it: server-less computing.

A fast growing smart phone and telecom industry makes server-less computing technically possible. Powerful individual smart phones are the essential building blocks. To allow smart phones to participate, it has to tolerate two things: state-less and permission-less.

Phones do not know when loosing power or entering into elevators, so that it has to be state-less. This means your phone is not responsible for any data availability and continuity. Every stream of data comes and goes randomly and irresponsibly.

It has to be permission-less to participate the application. A phone can choose to join or exit the computing at its free will.

Server-less architecture has immediate benefits:

no communication encryption is needed under permission-less plan.
date availability and scalability is achieved by massive state-less participation.
no servers for hackers to attack
no cost on hosting, AWS is replaced by smart phones network
no capacity for proof of work algorithm to operate
Blockchain crypto currency is safe and efficient running on server-less computing network, due to its decentralization and consensus needs. When each smart phone could freely become a blockchain node or miner, consensus is truly globally, robust and immutable.

There is some technical challenges on running crypto currency on pure smart phone server-less network.

where to get initial data: when you use a server-less software, you also trust its intial recommened data sources.
who to trust when there is conflict in different data source: smart phones could participate social media to publish opinion on what it observed along the time, in the format of hash sequence with time stamp on third party social media. When conflict chain, such as in reorganization attacking, causing confusion, and smart phone alone can not make decision, this social media diary can help to decide who is the original chain mostly conforming to history, since going back time to change logs is impossible after publicly shared. Yes, here is a social media central server existing. However, this social media server is totally independent from the crypto currency application. It is also up to nodes decision of which public social media to trust. Will there be social media manipulation? That is question whether facebook or twitter is willing to change history content for attackers.
computing power, network speed and storage constrain on transaction speed and application data size. We just faithfully bet on information technology will grow to make these resources cheap enough.
TAUcoin takes an all-in strategy to implement server-less computing for proof of transaction protocol. Just like web and app never replaced client-server, now we welcome a third network computing framework: sever-less computing.


“Proof of Transaction” favours more miners than any other consensus

n a blockchain consensus design, the permission-less participation of miners, or verifiers, is a key quality of the decentralization. Like doing anything, there is an entry barrier to become miners. In “proof of work”, one has to buy equipments to compete on hashing power. This normally causes exponential growth on the cost of the mining. We have seen this happenning in real. In “proof of stake”, one has to be owning a meaningful amount of coins to compete. If you are poor in coins, you can not be a verifier or miner.

“Proof of Transactions” provides a whole new permission-less gateway for people to become miners and allow each wallet to mine as full node. As long as you has made transactions in the history and your address holding coins more than average historical block transaction fee, that is normally very low, you are allowed to be miner. The reason for holding minimum address balances is to prevent malicious sybil attack and massive private key release.

This design allows as many as technically possible for people able to become miners and create incentive to work as a full node to facilitate transactions all over the world, when network connection is avaible and owning a smart phone.

I would argue all current blockchain consensuses are heading to less and less miners. This is not a good trend for a decentralization currency revolution. Proof of transactions offers a hope to allow everyone be able to mine disregard your hardware power or coins holding amount. TAUcoin as first implementation of “proof of transaction” has recruited 200,000 users. By design they are all be able to mine at full node capacity.


TAU Articles / MEDIUM ARTICLE 02/17/2019 Blockchain security and social media
« Last post by zityx23 on March 25, 2019, 04:35:43 AM »
Blockchain security and social media

The immutable promise of block chain seems to be independent from any human interfere. However, this idea remains implausible in reality, when people invest in mining equipments to manipulate the public ledger and perform 51% attack on bitcoin cash and ETC.

Most of “proof of work” consensus such as bitcoin claims that the longest chain is truth no matter how human engages. When “work” become an investable result, people can interfere under the hood of “truth”.

When social media comes around, there is a mini history established by your friends and groups to record what is happening each day and verified by many related people. Thesedays we gives social media more creditability on history and current than news paper.

This provides block chain a possiblility to use social media to lock in milestones or finality to prevent history reorganization by attackers. This is particularly useful for proof of stake and proof of transaction consensus. They all suffer “weak subjectivity” problem, when people fake history to launch history re-organization. These consensus are using on chain information rather than off-chain physical resource to determine the truth of next block generator. Social media is effective to lock down history and prevent people change it. We know when a news happened and distributed on facebook, no body can revert it, and all efforts trying to revert will actually be recorded and remembered by friends.

Taucoin foundation will use social media channels such as facebook, twitter and mWallet to constantly publish hash result of blocks. So that when history re-organzation happens, community is able to find out which chain has proven history. During the same time and spirit, community can publish and verify “transparent forging” in social media to prevent double spending and find secrete chain.

Social media, an decentralzied news channel, will become a great infrastructure for blockchain security.


In data management world, there are two way to make multiple servers to work together: sharding and replication.

Sharding is to distributer different types of data to different servers, such as in a book store, you put fiction, drama, sci-fi into different sections.

Replication is to put all data into different server, each computers contains same data and application. It is like you open up more book stores, each book stores has same collections of books.

Comparing to other enterprise application such as Amazon or Facebook, blockchain has much less data and require higher availability and security. Therefore, replication is preferred than sharding in settlement layer computing architecture. Multiple nodes to mine on same blockchain is a good example of replication. This design philosophy shall be used in most of blockchain applications such as wallet, payment network and exchange.

Even when sharding is required, it has to be sharding under replication layers for blockchain.


Private key backup strengthens family value in blockchain

“your private key, your coin”, said by Andreas Antonopoulos, means if your private key is released, your coins are gone. As a biological human, we all have up and down in health and accessibility to basic things. Who are you going to trust when you are not be able to physically access private key? Giving to a third party such as banks is back to the old centralization world under authority.

Here comes the help of family. The only people you naturally trust is the family members. The decentralized movement is interestingly reflecting the importance of blood line and giving trust back to family.

Once family members are helping each other on private keys. The relationship is getting to deeper level, and ones rely on each other for protecting the wealth and financial freedom against inflation and control.

TAU mWallet (mobile mining wallet) design is addressing this issue. We adopt the security model as phone security stright to private key without password. Therefore, once your private key is backup by your family members, you can recover the asset instantly without worry about centralized password. You phone security is protected mostly by biological features of your self thesedays.

For those without family members like elderly persons, I believe some charity or religion group shall be able to support this services. Most of time, we can view them as a bigger family.


TAU Articles / MEDIUM ARTICLE 01/21/2019 Subtle header difference
« Last post by zityx23 on March 25, 2019, 04:31:01 AM »
Discuss subtle header difference between Proof of Transaction vs BTC Proof of Work

BTC requires miner to constantly adjust “nonce” field in the header to compete the block hash to include enough zeros. The processing sequence is packaging transaction first then mining. The hashing result depends on the entire block content. BTC header can not seperate from block content in mining.

POT does not require transaction content to participate mining. The processing sequence is signature generation once only in header then packaging transactions. The hashing result only relates to timestamp and public keys content.

The result is POT need much less computing resource and POW requires “constant adjust and hashing” which is described as work in a high computing power environment. This subtle difference makes POW not possible to operate in a mobile phone and wild global mobile network.


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