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Author Topic: "Proof of Transaction" consensus debate - 10 million TAU 12 months  (Read 12047 times)

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Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #195 about: March 30, 2019, 04:55:55 PM »
Cluster will not increase the mining power of transaction numbers, it will increase the stableness and speed of communication. We are not close to that yet. But i see this could be great way leading up to robustness of cellphone mining. it might take 5+ years to develop such thing.
Removing mining club is to reduce concentration, because no one will want to release it private keys. This will keep nodes power smaller.
POT is superior to POS: if you have lots of coins, you want to put into cold wallet, then those coins can not staking to mining, this reduce the total consensus strength. If you have lots of transactions, it has nothing to do with your coins, then you can use those transactions to full mining, that increase the strength of the network. this is how we are superior than POS. this safety feature will put POT clear advantage over POS.
Foundation member will not pump and dump TAUcoins both in p2p and exchange. i will watch that. we shall have many p2p groups and exchanges support Tau.
In terms of dev ability, we are new and learning blockchain. but we are firm and focus on technology. lots of glitches, but we are persistent. I think time will prove this.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #195 about: March 30, 2019, 04:55:55 PM »

Offline Menma

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #196 about: April 04, 2019, 06:17:51 AM »
I love the exchange listing announcement and everyone is excited. Will we still be able to get TAU if our TAUTs are in the exchange?

Offline Kriptolab

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #197 about: April 05, 2019, 03:41:42 AM »
I agree and appreciate on the TauT listing decision, this is a big step an making our  own history as TauT/TAU lovers. Congrats to the team for this awesome news.

My concerns:
1. We now have new coins, TauT/TAU both under POT consensus, this is great, but on top of that, there should be different white papers citing each coin.
2. Also, we can have two website each with details containing a specified coin features.
2. Yes I agree on the community involvement and we are happy for the TauT reward that it should be a community driven, the voting also shows it really for the community as we all take decisions together. But this is not enough, a clear team carrying over the responsibilities of each coin should be clear to the world so that to eliminate the confusion among the global citizens.
3. I head and I know that, TauT is Taucoin from the current TAU testnet, there should be different tickers to differente TauT from TAU.
4. Wa are told to get equivalent amount of TAU when we have TauT, will the snapshot takes place in exchange(s), or just withing our wallets? (Mobile/web wallets). And to be clear, when will this snapshot take place? (Planed date, month and if any).
5. Less to no activities in p2p telegram groups for now, when I ask them, they say "we are trading in exchange now", wow!! That's good to hear, and that's the only one exchange we have, what if more exchanges? Means all p2p groups will die. I kindly suggest to pause the p2p groups for while because for now ppl are more excited with exchanges, can resume the other time when we see a need of.

Lastly, I stand to support the decisions made by the team. Keep it good and valuable
« Last Edit: April 05, 2019, 04:35:13 AM by Kriptolab »
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Offline Trypto

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #198 about: April 05, 2019, 05:25:31 AM »
The tauT move is very smart and I would like to congratulate the Foundation for doing so. Giving the authority to the community is what Satoshi has done, that is what I believe. Upon careful thought of the matters, the community will face something we have never seen before, an automated body govern by us. Such a huge burden I would say. We are re-establishing another community under the same project which Kryptolab above stated should have differences. In light of that, given the new "team" and chairman I suggest to have the following.

1. Body of laws and regulations
    Leaders and members
    Functions
    Limatitions
    Time frame/duration
    Next projec/s
2. Same mods/admins ?
3. Same devs ?
4. same P2P groups?
5. I truly believe the community has more questions in their mind which were not answered in the announcements.

Leaving the project in the community's hands might bring success or failure to the vision. Trust is not the option we ashould have here. Strong leadership and being community-driven is what this project have from the beginning.

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Offline Mr. Wolf

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #199 about: April 05, 2019, 01:19:30 PM »
Now I realized we have 2 coins. TauT and TAU.
TauT has no mobile mining. I think the strongest asset of tau is mobile mining and not pc mining. Leaving taut with only pc mining will generate monopoly someday, why?

1. Early miners are way too high of their self power than the average. It's not good for now-miners.
2. Some miners have used a script to exponentially increase their mining power. Again, not good for the average to new miners
3. I think using script was removed, more disadvantage to future miners

I suggest that after some time, self power must be reset to be fair to the rest of the community. It would strengthen the network if we do that because more miners will enter.  Because of fairer self power.

In my opinion, TAU mobile mining will take 3 months more.
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Offline Cryptozen World

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #200 about: April 05, 2019, 05:56:05 PM »
First of all, i want to congratulate tau foundation and team for launching a successful TauT coin which is basically test net coin as well as considering main net for pc mining. and i hope we will get TAU coin mobile mining main net soon.

I have found out some issue for both TauT and TAU coin which are mentioned below:


TauT issue:

- We need a Road Map for TauT as early as possible so that people can know why they should collect TauT.

- We need to do some press conference with some well-known blockchain press media to make acknowledge world people about TauT and its benefit.

- It's good that we are already listed on a new exchange named Wadax. More exchange will be interested to list us if we have a clear road map with TauT.

- I see our miners are supporting us since long time by carrying cost. They are really supportive and trusted guys. I know they have huge mining power and it was worthy to get. But how a new miner will be benefited or will do profitable mining if there is no balance in mining power?

- Also, We need some educational video lesson to spread the light of POT consensus to more people to educate.

TAU issue:

- Taucoin(TAU) mobile mining is the main vision of tau foundation. Our community was waiting for it. But suddenly we have a new TauT coin which may bring doubt to general people that due to delaying on mobile mining, a new TauT coin has come out. Which is totally wrong consideration for general people. But i see they are excited with the new TauT coin. but, on the other hand, they are also thinking of the delay and asking for the clear time frame and update of its possibility for TAU coin mobile mining main net.


Thanks.
« Last Edit: April 05, 2019, 06:02:24 PM by Cryptozen World »

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #201 about: April 05, 2019, 10:55:37 PM »
Thanks to Cryptozen's feedback. I will address each of your suggestion with dev for content development. For general marketting message, I want to make full mobile mining as primary point. Proof of transaction is hard for normal people to understand, but it is the engine of mobile mining. it will take long time hard learning for people to know that. most people still does not know difference between POS and POW.
I am very confident that we will have mobile mining very soon. then all the content will be organized under mobile mining umbrella.
I am fully inline of mobile mining is our specialty. the reason for taut is that it is the first pot implementation and almost fully distributed. it is a pity to shut it down. yes, it has mining concentration problem, that i think most of pc based mining like btc, eth, eos, nem are all having this.
I think we will see mobile mining in within 45 days.
Crypto is very well thought on the governance of taut. my point is if taut is a good product, it should grow by itself with or without new team. If taut is not a good project, then no one will care. I am more of a risk taker on pretty much most of things. my goal for taut is that it runs its own. we will see that. satoshi did not say anything on management. i think if pot is deems to be there, it shall have same effect, yes it will take longer time. but that is how to get people engaged, people needs time to think and get conformable with a new consensus. all my confidence is from the nature of POT is better than POW and POS, and more sustainable.
I will rewrite the white paper to cover both under one document.
when we distribute new tau coins, we distribute to the valid address on taut mainnet. so if you have the private key, you will have it. there might be some problem for you moved your coins to exchange, those tau coins will not go to you , it will go to exchange.
I really want to state that TAUT is on its own as first proof of transaction implementation. community will decide its fate. i do not think we need a strong gov body to support taut.
We have not took snapshot to distribute tau, so now taut is tau until mainnet is on. it is a bit confusing, but it will all cleared soon.
as summary, the whole idea of taut seems crazy and random. but you know what, if proof of transaction is a workable protocol, taut is the first one to tell.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Mr. Wolf

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #202 about: April 06, 2019, 12:05:46 AM »
TauT is already out there waiting for people to be recognized, as with bitcoin in its early years. PoT is a great consensus and if it fails, i believe PoS and PoW will fail first. PoT is very light that's many people will favor it. Miners will love it more than PoW or PoS.
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Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #203 about: April 07, 2019, 09:58:45 PM »
the 700m total coins idea seems to be working in taut. i am thinking making tau mainnet 700m too. from past we know what works and what not.
The referral system is really working, we want to rely on that. The technology dev is working too. therefore, i think in 700m, 460m already distributed,  remaining coins. 100m for referral system, 140 for technology dev.
100m referral shall last for long time to get 20m+ people, which is bitcoin has. bonus will reduce from 50,10, 3, 1, 0.1. this good thing is that there is no inflation.
taut will be pc fast wiring.
tau will be mobile and secure wiring.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Trypto

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #204 about: April 12, 2019, 02:56:37 AM »
A lot of things happened and Im surprised. It seems that Tau test net is not secure at all. It could endanger all TAUT coins in the future. As of the moment we can already see many challenges TAUt will be faci ng. Leadership of every candidate is questionable as well as their personal info. My concern is that everything can be faked in this millenia and any wrong move from the future chairman will harm the project. I am thinking of future problems and I would like the candidates and present Foundation to carefully answer it.

1. TauT will be different with TAU and distribution is not that rigid as planned. It is not equally distributed I guess.
2. TauT exchanges do nothing to its use case. In reality it only gives mining power to the exchange owners ( In my opinion )
3. TauT needs more development than TAU itself after voting. Everything SHOULD be NEW!!!. 
4. Will the TAU dev abandon the TAUt project and focus on TAU mobile mining? They seem to think that it is stable already.
5. TauT mobile wallet does not offer referral bonus.
6. Why make a TAuT mobile wallet if there will be NO TAUT MOBILE mINING?
 
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Offline Mr. Wolf

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #205 about: April 12, 2019, 08:52:38 AM »
Who is going to sell 13M+ coins to the Foundation at a price lower than that of the exchange?
When is taut main net?
Isnt taucoin meant not to be in exchanges? If so, it will cause pump and dump situations.

All in all I love the developments in tau foundation and community. We are all exciting to see who will be the next Chairman for taut.
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Offline Cryptozen World

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #206 about: April 12, 2019, 10:25:14 AM »
the 700m total coins idea seems to be working in taut. i am thinking making tau mainnet 700m too. from past we know what works and what not.

7 is always a lucky number. It looks good not as a lucky number but it is really a good supply for both coin. I think 10b coin supply is huge. So, it's a good decision. In bitcoin need to mining huge coin to get block reward and more coins remaining for mining, but in tau miner will get only transaction fee as block reward. That means we won't have any coin remaining to mining, as a result rest 250m coin need to distribute properly to world people transparently.

Proof of transaction is hard for normal people to understand, but it is the engine of mobile mining. it will take long time hard learning for people to know that. most people still does not know difference between POS and POW.

Yes, People still don't know how POT is far more superior than POW and POS. I think time will teach them.


I think we will see mobile mining in within 45 days.


I have already seen the mobile mining code on github. I think it will be possible within a week? I am really interested. Counting the days....


Again thanks for arranging this open debate to make everything transparent to community. Looking forward to see the new president of TAUT.

Offline Kriptolab

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #207 about: April 12, 2019, 02:09:02 PM »
Thanks very much to the team for their daily hard working of making things better, this is the spirit and should be kept good.

Also thanks to display all important news as seen in the picture below, that's pretty cool to have news for easy access and keep the community be informed every now and then. 👇👇👇



My concern here is that, when we will have lots of news, the whole home page will only be filled with such news links which looks not so much professional and not technically organized.

I my suggestion regarding this is, from the home page main menu, let's remove the exchange button as seen from the picture below, at the far left (if you use phone and set desktop view),👇👇



And replace it with News button, where by all news will be shown from News button's drop down menu
📌Kriptolab📌 
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Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #208 about: April 13, 2019, 08:21:27 AM »
Dear all, firstly, i want put new road map in vision here.
By end of 2019, the Taucoin mobile mining mainnet will be stable.
By end of 2020, the "global cloud on mobile phones" will be on
By end of 2023, 5 years from Taucoin.io born, we will be the largest computing and app hosting cloud.
By end of 2028, all TAUcoins distributed and become one of the most important crypto coin.
this is the potential of mobile mining on POT. For global cloud, we might have third coin called TAUG, that is like eth gas, each tau get one taug, this will take long time to get there. but TAUG will make global cloud possible, which will need 10b, i guess.
so taut - 700m, pc mining, tau - 1.4b mobile mining, taug - 10b, global cloud
For website design, i agree our site looks very simple and un-designed. we need to make it better. Due to recent hacking, i think taucoin shall be 1.4b to get more coins for global distribution. right now foundation is really tight on coins, we only have 50m for distribution to users.
As a matter for exchange, I always think exchange is the service to community, not where we getting new holders. New users from exchanges will not really hold coins or hold our value. that is why i am not rush to open many exchanges. It confirms to me recent effort on exchanges, it is still our users go there to trade.  I think wadax is a good one to start with, we have alt market.io as back up for now.
In one article, i talked about the utility of TAU is to experiment new crypto technology such as POT, mobile mining and global cloud. this is truly what i believe most important, such as star trek, the USS enterprise is just for exploring. it is important.
Trypto, I agree TAUT has lots to do, and we seems blind betting. The reality is that i think crypto world is decentralized, it is hard to count on one team to make it successful, we need diversity and decentralized management. if one product idea truly good, it will be successful given time. if not good, it does not matter what teams running it. I think Taut on PC is a good enough idea to test out our community.
It is always my pleasure to discuss my most important ideas with you here.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Mr. Wolf

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #209 about: April 15, 2019, 10:43:10 AM »
Dear all, firstly, i want put new road map in vision here.
By end of 2019, the Taucoin mobile mining mainnet will be stable.
By end of 2020, the "global cloud on mobile phones" will be on
By end of 2023, 5 years from Taucoin.io born, we will be the largest computing and app hosting cloud.
By end of 2028, all TAUcoins distributed and become one of the most important crypto coin.
this is the potential of mobile mining on POT. For global cloud, we might have third coin called TAUG, that is like eth gas, each tau get one taug, this will take long time to get there. but TAUG will make global cloud possible, which will need 10b, i guess.
so taut - 700m, pc mining, tau - 1.4b mobile mining, taug - 10b, global cloud
For website design, i agree our site looks very simple and un-designed. we need to make it better. Due to recent hacking, i think taucoin shall be 1.4b to get more coins for global distribution. right now foundation is really tight on coins, we only have 50m for distribution to users.
As a matter for exchange, I always think exchange is the service to community, not where we getting new holders. New users from exchanges will not really hold coins or hold our value. that is why i am not rush to open many exchanges. It confirms to me recent effort on exchanges, it is still our users go there to trade.  I think wadax is a good one to start with, we have alt market.io as back up for now.
In one article, i talked about the utility of TAU is to experiment new crypto technology such as POT, mobile mining and global cloud. this is truly what i believe most important, such as star trek, the USS enterprise is just for exploring. it is important.
Trypto, I agree TAUT has lots to do, and we seems blind betting. The reality is that i think crypto world is decentralized, it is hard to count on one team to make it successful, we need diversity and decentralized management. if one product idea truly good, it will be successful given time. if not good, it does not matter what teams running it. I think Taut on PC is a good enough idea to test out our community.
It is always my pleasure to discuss my most important ideas with you here.

These roadmaps are good news and we'll be lookinh forward to these events and dates however you might change your mind again in the future. Last time you mentioned about making tau balance as the same as taut; 700M as well. Now you want it 1.4b. I think before announcing any other developments or plans, it should be stated crystal clear on the roadmap so that we can know where we are t important points in time.

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