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Author Topic: "Proof of Transaction" consensus debate - 10 million TAU 12 months  (Read 16793 times)

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Offline Oniichan

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #480 about: October 18, 2019, 06:49:25 AM »
I dont think that everyone here is appreciating the involvement of IPFS to our TAU chain.
IPFS will allow for an endless possiblity for storage resolving the issue not of that but also of speed.
Scaling would be much easier because of this unlimited storage. And as I understood it from before, after IPFS integration
and a stable mobile mining with branchchain, the team can venture fully on other applications like DEFI DAO and others.

People who are concern only of exchanges do not know what they are into. This is a multi-million dollar project and the prices we have right now
does not reflect its true worth. As a community, what we should do is watch out for problems in every update so the team can fix it. I still remember that
we are an experimental POT consensus and everything that the team is doing right now has never been done in the past.

With POT, mobile mining, IPFS, branch chain and DEFI, we are just at a stage where we are venturing TAU's true potential.
Whatever TAU will bring us will definitely make us more than happy enough to forget about cash. :D

I wish the team could have more devs coming into the project so that there'd be faster developments and fixing.

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #480 about: October 18, 2019, 06:49:25 AM »

Offline YTZ9090

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #481 about: October 18, 2019, 11:20:19 AM »
I dont think that everyone here is appreciating the involvement of IPFS to our TAU chain.
IPFS will allow for an endless possiblity for storage resolving the issue not of that but also of speed.
Scaling would be much easier because of this unlimited storage. And as I understood it from before, after IPFS integration
and a stable mobile mining with branchchain, the team can venture fully on other applications like DEFI DAO and others.

People who are concern only of exchanges do not know what they are into. This is a multi-million dollar project and the prices we have right now
does not reflect its true worth. As a community, what we should do is watch out for problems in every update so the team can fix it. I still remember that
we are an experimental POT consensus and everything that the team is doing right now has never been done in the past.

With POT, mobile mining, IPFS, branch chain and DEFI, we are just at a stage where we are venturing TAU's true potential.
Whatever TAU will bring us will definitely make us more than happy enough to forget about cash. :D

I wish the team could have more devs coming into the project so that there'd be faster developments and fixing.

I think everyone here will really appreciate the implementation of IPFS technology.

With the implementation of IPFS, it is possible to speed up transaction time and will reduce fees a bit, in my opinion it is a good thing to see that Taucoin fees are currently very unstable and we need an innovation that is by implementing IPFS. if it has been implemented with IPFS, the value of Taucoin will soar and in my opinion this technology is very valuable.

I am sure Taucoin developers are working very hard to implement this technology because there are not many coins that implement IPFS.
TA9n6tJQE2F6g6Xv4KQtrSLc5JzaA6DCrD

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #482 about: October 18, 2019, 09:29:46 PM »
9090 - We review the fairness of mining all the time. There is no perfect world. What we can do is to choose least unfairness, in this “permission-less” is what we view the most important, secondly, consuming coins to get power and mining true efforts. The potential chance to make mining success more pervasive(not faireness) is the mining on branch chains on the blocktree, which we are heading into. In branch, basically everything is reset on both power and coins. IPFS is not meant to solve fee issue. IPFS is the new storage future, TAU blocktree serves as an index and incentive framework for ipfs.
Muxa - TAU technology is a decentralized content database, which will be a building component for decentralized ecommerce. Openbazzar does not have a consensus layer, which means it just use crypto for payment. Without consensus layer, it will be spammed by Sybil attack that nodes will not be able to know authentic information. The same situation is applied to ipfs and all other p2p without proof of consensus system. Therefore, ipfs alone actually does not work due to sybil and lack of incentive. TAU blocktree is the way to solve that. In summary, the future dEcommerce will have to use TAU for content decentralization.
Regarding to payment feature, there are enough payment providers in the world. I think tau is not aiming at become payment facilitator. TAU is much of a value creator and preserver of community and its content.
Onnichan - just like all other crypto projects, we are all devalued. The problem is we are still pre-killer application. After 10 years,  BTC is not yet become decentral money, eth is not yet established decentral finance. In fact, the scaling issue might kill pow consensus system for real global success. So far, btc and eth are at least established as an asset class, for this sense, the valuation is probably right for this time being.
TAU is clearly targeting at a clear killer app, decentralized forum. We might have better chance to truly prove to be a real global application.
Again truly thanks to each one in the community right now to help us create such a decentral global app.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Cable Media

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #483 about: October 19, 2019, 01:26:25 PM »
1. We have more p2p exchanges available if you want to buy and sell your TAU.

2. Price for TAU can be determined the community appreciation as to be the first truly working mobile mining coin .

Offline Cable Media

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #484 about: October 19, 2019, 01:31:28 PM »
The number of tau accounts increased very slowly. Each day there are only about 100 new accounts. even less. At this rate, it may take 15-20 years to reach 1 million accounts. I think listed on the exchange may increase the number of tau accounts. p2p is very inconvenient.

Offline Muxa84

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #485 about: October 20, 2019, 09:39:37 AM »
The number of tau accounts increased very slowly. Each day there are only about 100 new accounts. even less. At this rate, it may take 15-20 years to reach 1 million accounts. I think listed on the exchange may increase the number of tau accounts. p2p is very inconvenient.
In the last 2 months, the number of new addresses did not exceed 1000 http://tau.taucoin.io/charts/address/. Just the team is not focused on marketing, the main task is to create a product. It will be hard to have good volumes on the exchanges without having value. Entering the exchanges at this time, can drop the price.
« Last Edit: October 24, 2019, 08:37:38 AM by Muxa84 »

Offline nani

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #486 about: October 23, 2019, 08:30:55 AM »
Hello Sir iMorpheus,

Have you quite not found out yet that the average mining power for all TAU miners is just less than 500?
This means that those on top has necessarily all the power to control the mining sequence.
We could say that this is common in all forms of mining but from what I am seeing right now, a 100,000 mining power is more than
100x of the average mining power of every miner. It's a literal 100,000 vs 500 mining power which is too big obviously.
Aside from that, these top 10 power holders have more than 2 accounts for mining; meaning, they transfer some TAU to their 1st and 2nd dummy account and
start accumulating power from the start. In the end 1 person has 3 to 4 accounts with a total mining power of over 400,000 divided into 4 accounts as well.
Having said that, the average 500 power miner "cannot" compete because of high fees that ONLY those on top can sustain.

Say that after IPFS, blocks will be huge and confirmation will be fast, those on top will just need to create more accounts to accumulate power within their circle.

I THINK THAT AS LONG AS THE ORDINARY MINER ( THOSE BELOW 500 POWER LEVELS ) CANNOT HARVEST FEES ON A DAILY BASIS, THIS WILL BECOME CENTRALIZED BY A FEW INDIVIDUALS, SAY TOP 10 TO TOP 20.

Why not give incentive even so little to these small power miners? Change the code and give even a few to others as well

Offline Double

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #487 about: October 23, 2019, 08:38:28 AM »
The promise of creating your own coin in your own chain is only limited to people with coding skills and not with ordinary people.
How can an ordinary person issue coins under POT without a website or anything code-related stuff? I dont get it. and I don't think that is easy.
Plus the team is already into DEFI DAO and that makes them the first branch chain of TAU when IPFS will be integrated.
I suggest to have an AMA with people outside TAU community so that we could invite develoeprs to work with and under TAU chain for their own coins.
or... create instructions in so that ordinary people will have the ability to "create" their own coin thru TAU branch chain.

Offline bear

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #488 about: October 24, 2019, 09:05:43 AM »
Will IPFS protect TAU protocol against account spammer just like the old protocol?

If I get it correctly, IPFS will not include or host private nodes thus invoking all IP addresses rendering them useless.

What are the countermeasures for this existence inthe future? If a branch chain shall create a coin, how will TAU protocol protect it from account spammers

Will there be a classification of coins according to function from branch chain? I think that is possible

Offline Ryan

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #489 about: October 25, 2019, 10:25:46 AM »
Does TAU Foundation have a premine coins?

How does/did the team acquire the 18% of TAU ? 378M taucoins to be exact?

What is their computation for every new member having used their account for referral bonus?

Does that mean that TAU Foundation "already" has the 378,000,000 TAU on balance on hold?
« Last Edit: October 25, 2019, 11:02:57 AM by Ryan »

Offline Inverse

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #490 about: October 25, 2019, 11:38:18 PM »
What is the advantage of purchasing from DEFI DAO rather than holding TAU for the incentive?
Or are you suggesting that aside from having to hodl TAUcoins, we should also purchase contracts to LONG CRYPTO

If there are any, what are the disadvantages of merely purchasing to Long crypto or the other; merely holding TAU?

Will there be any lock-ups for this event? how long?

Is the protocol failproof especially that DAO already had some  loopholes on their consensus.

Offline Cable Media

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #491 about: October 26, 2019, 07:04:00 AM »
The number of tau accounts increased very slowly. Each day there are only about 100 new accounts. even less. At this rate, it may take 15-20 years to reach 1 million accounts. I think listed on the exchange may increase the number of tau accounts. p2p is very inconvenient.

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #492 about: October 26, 2019, 05:08:24 PM »
CM - Relying on community to exchange is best for now. Price of TAU is always an evaluation of our technology. I think it will always reflect right status of quo. For smart investors, they know we are working steadily on decentralized social media and taking advantage of this time period.
Nani - You raised a core problem that i believe our future tech roadmap will address through: increase the block gen frequency, branch chains for new miners and transfer mining powers allowing the power trade. It is still too early for us focus on this. We have plenty to do now.
Double - our product will enable ordinary people to create native coin and run own decentral social forum. once our platform is stabilized we will open up tau funding for third parties to develop on top of our system through IPLD API. Thanks for this suggestion.
Ryan - All tau coins are premined, 82% is in distribution process via web referral system and bounty. Foundation is holding 18% for maintain the blockchain system and all supporting systems.
Inverse - we are currently put onhold of long crypto defi, we are focusing on decentral DAO management such as decentral social media for DAO community.  Currently, most of defi projects are facing scaling issue and high mangement cost. I believe tau will solve DAO management scale and cost issue for all defi projects. We come up this DAO management idea through our defi research.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Muxa84

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #493 about: October 29, 2019, 12:33:21 PM »
Under implementation a new branch forum, can be implement moderation themes community, to to exclude opportunity embody in network undesirable content (such as child pornography, extremism sale drugs and anything)? Or the network will put anything the publishers of the theme?
« Last Edit: October 31, 2019, 01:33:20 PM by Muxa84 »

Offline Oniichan

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #494 about: October 30, 2019, 01:31:17 PM »
I heard a long time ago that each local group leaders are receiving 200k for each
active local groups they are handling. Can we know publicly what are the status of each group a
and that how many groups are currently active right now?

I also rememeber having P2P group bounties for every creator and admin, what are the statuses for each. I see no update in public
There are many scammers these days.

So for the upcoming branchchain, will these local leaders also get some advantage of some sort or a step ahead the community?

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