Topic: [ANN] TagCoin - Multi Token Wallet and Trading Platform - page 30. (Read 301292 times)

Added API to vskype.com for BTC and TAG across multiple currencies - can now integrate that into any app or site.

http://vskype.com/api/tag/usd for example gives:
{
TAG: 1,
USD: 0.29456721,
error: false,
status: 200
}

http://vskype.com/api/btc/usd
{
BTC: 1,
USD: 600.3,
error: false,
status: 200
}

http://vskype.com/api/tag/btc
{
TAG: 1,
BTC: 0.00048933876079885,
error: false,
status: 200
}

@tagbond, bitcoin version 0.9.0 just came out, it's now called bitcoin-core. And, it has Coin Control. just saying.

Tagcoin will feature two pages in the book called Cryptocurrency "The Alt-ernative" the Beginner's Reference

https://bitcointalk.org/index.php?topic=483187.new#new


Please donate to the below Tagcoin wallet address in order to help fund this project:

TYKjp2dqVUybyQSRL2VNXN3nquWgsf4LtS

It will have 2 pages similar to this:





If you spot any spelling or grammar errors, these are easily sorted.  I do have a full time job as well as trying to get this project completed too.

Except that isn't the case with tag, and we both know it. Difficulty remains high, sometimes increases with price drops.


I'm not involved in tag in any way, I don't mine it, I don't run a public pool on it right now; I do help people out if they want to mine it. I have plenty of patience, but it's irrelevant as I'm just pointing out facts.

Also I'm not sure why anyone wouldn't expect you guys to do all the work, it's your business model. Not to say that the community can't take part of it, as several of us have at some point.. buuut.. you're sortof the millionaire investor with a team of folks working on the system.

Kinda like expecting Bill Gates to promote Windows 9 or something.. sortof not the beta tester's job.

That is all very interesting Mark from a business plan POV but you haven't exactly explained who is supposed to create this "velocity" ? I'm pretty sure it's not me, a humble miner with about 1000 TAG in my wallet that once was worth 2BTC and is now worth 0.4BTC.  Thank God I've only got 1000 left, did have 6 or 7 times that amount at one stage. 

Taking a stab in the dark, I'm guessing that the person that created and promoted the coin should possibly be interested in creating "velocity".  We are getting close to 6 months since the coin was launched and to be frank, I think a million monkeys with a million keyboards could have created a better website than tagbond. 

Mate, you are either doing this all wrong or hoping to flog it off as a going concern to some sucker.  Either way I'm only out a few hundred dollars, I'll chalk that up as a learning experience.

I thought you might say that, but no plans to take it out at the moment. If someone wants to hold on to them with the long term view of TAG increasing in value, that is up to them..1.5% is not the reason why you keep your money in the bank...at least not for me it isn't. I still use cash form the bank to buy and sell things, so it will be the same for TAG...just need to give people ways to earn and spend their TAG. So, not enough reason to remove PoS

Value in a currency is created by velocity - the faster it is used and transferred around, the more value it has. That is what I want to achieve with TAG. Right now, there are not a lot of ways to move it around, so the value will stagnate untill it starts moving.

Then it makes sense to take out the PoS? You don't want people hoarding it, don't give them an incentive to hoard it then. It will also help fix any problems it has caused, whether they are perceived or real.

I understand, there might actually be nothing wrong with the PoS code, but completely removing it guarantees that there won't be any issues at all with PoS because it is no longer there.

While it remains there, people will speculate how PoS affects the miners, the network, the orphans, etc.

Time to give my 2 cents worth here..

The tagvert games we are experimenting with were giving out too much coin for little return. I am now putting up different types of games which are public, but giving out points for which I can decide to then give out TAG or other prizes for top leaders or something else to be decided on. This is the more conventional approach and in the majority of cases for communities and tagverts this is what most companies will use. Our business model for Tagbond may reflect that as we might introduce a subscription system to use the platform in this way, just like punchtab and other rewards systems.

As for TAG being an Asian coin, well, it's wherever it will be used. If that is in Asia, then great..its a big market and I don't have to worry about the USA rules and regulations for MSBs. The reality is it can be used anywhere but is not being taken up yet. We are building the sites and apps to kickstart the use of TAG, but that takes time. If anyone else wants to build anything on top of our API then I am willing to fund that as an angel investor. Anyone who is complaining about the price should do something about it, maybe get out there and sell the idea to online and offline retailers if you cannot build anything. Has anyone here tried to sell TAG to a retailer that has never heard of cryptocurrency?..It's a hard sell but that will make the difference when it takes hold. That is the time a coin will break free of it's dependence on speculators and the price of BitCoin.

It's correct to say I don't mind what the price is, even if I do own a large chunk. As we start giving out rewards we will base it on a dollar or peso price and buy whatever value of TAG is at that time to give out. So for example in VTC case, we will be giving $5 worth of TAG per $30 subscription per month. So I need to buy $5 worth for that customer on that day. That's the way we are promoting it to retailers as well. However, those retailers probably won't be buying it on cryptsy, they will pay cash for it, and this is an opportunity for any of you holding TAG to get out there and sell it. We will be doing the same thing and hopefully making a profit selling it as well.

Now if you are holding TAG with the aim to increase value on your holding, well.. probably not a good idea on any coin these days, let alone TAG. It's meant to be used as a rewards currency, to be earned and spent, not hoarded. As miners, you want to mine and sell to make a profit. As the price drops, the difficulty drops and you make more TAG...it doesn't really matter to you as a miner unless you are hoarding it.

@ vesperwillow  -There is no launch of any business in particular, there is no magic bullet that I will introduce to force the price up artificially. It will be a steady increase in the use of TAG through lots of different sites and retailers. If you don't have the patience nothing I can do to help - just don't expect us to do ALL the work ... :-)

I'm mining! On my CPUs and on my Dual Miner, until my GPU rig is finished, and until I get some of those new asics.

I suppose I should've encapsulated my message with "to those who understand what I'm talking about", as my original responses were to ny2cafuse who is sortof on the understanding of this all. I thought it was evident since I quoted him and wasn't intending to spread fear.


The market isn't thin. The chinese market is heavy. The well-known market (edit: Cryptsy, ex) is dying because it's not profitable for miners in general as it's being eaten away by ASIC farms in China and undersold on places like BTC38. If the demand ever picks up, it may increase in price. Mark's standpoint has always been he doesn't care about the price of the coin, it's up to the end users to determine price--as such, they are.

Also, litecoin has been on Chinese markets before. I'm talking about its stability lately versus other coins. Only a handful of coins have maintained proportional price stability next to BTC despite market shifts, and LTC is one of them.


I was referring to Mark's business which, a while ago, promised huge updates and superb news and announcements, but so far has only provided some broken beta games. Not knocking his efforts, and I have no doubt they have a lot under wraps.


I was discussing Public (as in, known through published pools) hashrate vs the Private (non disclosed Chinese pools, as well as Mark's private pool) hashrate, which has nothing to do with the orphans. The orphan issue was well documented, entire series of blocks between certain timeframes turned out orphan--thousands of network confirmations and maturities after they'd been paid out. My pool, ny2cafuse's pool and other pools went bankrupt overnight. Exchanges went negative as well (because once the block is invalidated, everyone tied to it loses as well). This is why several exchanges immediately delisted TAG.

The whitepapers on methods of altcoin attacks are out there. ny2cafuse linked me to one lastnight even (and I believe provided it in his response). I never claimed there was an admitted attack on TAG, simply that there are admitted attacks which have occured to various coins, and that whitepapers do exist. TAG coin has had 2 known attacks early on, and among the pool ops it was presumed to have sustained a 3rd attack resulting in the orphans--despite large hashrate securing the network (estimated 3GH on average).


I'm simply talking about the target audience, mining, exchange and end-use group. It's open to the world, but the marketing is focused in the Asian areas right now, and my prediction is it will never leave that group.


If you think I believe the same thing and think I have some level of background on the matter, why would you question my reasons? Devil's Advocate on that one, I do understand your point. I'm not trying to be negative, I'm just mentioning some things and I've found it best to keep it public/on record.


If you re-read this entire thread, the other TAG thread, and look at about 50 pages of documentation elsewhere, you'd understand where we're coming from. Not spreading FUD, just stating what has in fact occured, or is occuring. Have better things to do than go look up source links, if you're really curious, read back. If you're not, that's fine also. Mine away, or better yet, buy it. Cheaper to buy it right now. It'll bottom out soon enough.

I believe it will go up in value at some point IF Mark's launch on the business end does in fact prove successful, though I also am of the informed mind that the coin value will in fact crash more and stay low for awhile before that. Even if based on nothing else, the fact that you can't use it for anything, so people are just dumping it (rather than simply not mining it, which is my personal choice). I'd rather refrain from mining a coin I have no use for, than to mine and dump it just to say "gosh I need to pay my electric usage".

Hopefully this explains the situation better.

You can go back and read all the posts where I mention this, but...

I believe there was direct network node manipulation, specifically targeting pools using time-warp attacks to drive another fork, then drop the fork on a node network, essentially wiping out the blocks with blocks that the attacker mines on a separate chain.  The attack info can be read about here:

http://culubas.blogspot.com/2011/05/timejacking-bitcoin_802.html

If you search for "time-warp" or "time-travel" attacks in this forum, or others, you will find a lot of info pertaining to coins with 1 block difficulty retargeting, something that was introduced a month or so before the major orphan problems, and all have a common element of being done by a user with a considerable amount of hashpower who publicly announces that he is going to "test the chain" after implementation of Kimito's Gravity Well or other basic 1 block retargeting algorithms.  I'm not saying this person is behind what happened to TAG, but it's a possibility considering he showed a lot of interest in the coin when the first major fork happened.

Now while his involvement is theoretically probable(and most certainly genius), I think the main source of the "attacks" were coming out of China.  The volume of trade coming out of China, specifically on BTC38, is substantial.  So either the attacker is in China, or has a way to move coins and money through the Chinese exchanges.



-Fuse

My subjective viewpoint (I'm not claiming objectivity):


Litecoin's (very) recent rise is due to adoption by large Chinese exchanges, it's not a good example. The snowballing of tag is just due to a thin market and lots of negativity on the only major forum for it  .. this thread!


Small businesses generally are incapable of rapidly producing quality software products because they literally do not have the resources (I know I worked for a small specialist software house for 7 years). The game they withdrew is a case in point. They tested it, it seemed to be ok, they released it and it didn't shape up .. what do you do at this point, pretend that it works? (been there too) The better thing to do is pull it and fix it. This is completely normal. As you say "Time will tell." Maybe you should wait a while?


Low mining hashrate is a product of the debate about orphans that transpired in this thread, there seemed to be some confusion as to what the exact problem was with some people blaming Mark and his team but essentially these was no adequate conclusion.  In fact, as you say, the evidence about orphan blocks was circumstancial. Links to your "admittance of various attacks" (careful with the English language there .. it's fragile) and "whitepapers on attacks on altcoins" would be nice.


Not really sure what "asian vs general market coin" even means. So Mark's trying to develop a market in the Phillipines and SE Asia, so that means he has to talk to real businesses in the real world (which takes time) rather than hype his coin on reddit and this webforum so that he that he can offload his premine once the coin's listed on cryptsy. I'm sorry, his strategy is a billlion times more ethical than the majority of cynical pump 'n dumps on this forum. And the weird thing is I know that you think the same, you are clearly a major player here, so I don't understand the negativity.

Markets go up and down, giving the coin a hard time with opinion masquerading as "facts" is not going to help the up bit.

edit : the forum's post editor doesn't seem to like the site's own URL  .. weird

Aww, shucks...   


I agree though that if you aren't mining or buying, you're missing a short term opportunity to make so good coin.

-Fuse

Tagmining is the best pool, mainly because it has the best operator anywhere.

I'd love to mine tag lol. It was fun in the past.

I'm going to join Tagmining.com now. We really need more hashrate indeed. An average of more than 5 hours per round is quite big ;\.

Exactly, correct.  We are the missing part of the equation right now.  We need more people to mine- simple as that.  But that whole getting people to mine is a catch 22.

-Fuse

I think Tagcoin became less attractive with the orphan issue.
Miners quit and people lost trust in the coin.

I think This coin will be fine in the future, but untill it needs an active team (including Mark), and community -> us!

Also, hot air is probably a poor phrase to use. The coin has changed in several ways, from its original design somewhat. It's documented in the OP. The "basis" for the coin hasn't, nor will it.

The coins viewed as valuable haven't had major issues. Litecoin in fact is going up despite bitcoin going down. Many altcoins have dropped, but only a few have been truly snowballing, tag is one of them. This is based on some charts and algo's run on the stats comparing it over the past few months.

Objective viewpoint:

* Still waiting to hear about all these business advancements
* Only public movement on the web end have been broken games
* Public mining hashrate is not indicative of being popular
* Plenty of circumstancial evidence to show the 'wall of orphan blocks' was nefarious, and not a normal part of mining (especially in light of recent admittance of various attacks, and whitepapers on attacks on altcoins)
* Very clearly an Asian coin, not a general market coin

Time will tell.

Meh, none of the fundamentals that existed when the coin was worth four-times as much have changed. All the hot air re: mining orphans, Mark Vernon's supposed disinterest or the thread being dead have no substance. Mark and his team are still beavering away on realising their business plan and tag is still very much a part of it. The fact is that the majority of established alts are suffering from bearish sentiment and Tag is no exception, the market on Cryptsy has reached a point where it can be moved by "whales" with a few whole bitcoins, they are just looking for bargains, this is nothing to be worried about.

In short, a perfect opportunity to buy.