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Topic: [ANN] TAU:The Active Unit | The First Proof-Of-Transaction Coin [POT] - page 8. (Read 25912 times)

legendary
Activity: 2226
Merit: 1971
A Bitcoiner chooses. A slave obeys.
it is good to have a valid team with enough brains and loads of creativity working together to bring about a new and different approach to the way in which this crypto currency is mined. we are having a disruption in the conventional cryptocurrency mining and that is a welcome development.

Yeah and their entire concept revolves not only around a single idea but has actual evidence that it works and that they already have a working version which they are updating and making better all the time. Nothing shady unlike other most icos....
member
Activity: 420
Merit: 12
The Pure Proof-of-Tansaction [POT]
Help to understand the economy of distribution of tokens, in particular bounty!

8% of the total pool of tokens will be allocated for the bounty, which is 800 million. For 16 weeks (this is time before the end of 2018, when ICO starting in October), participation in the signature bounty company will be distributed only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
I agree, bitcointalk is an excellent platform, where there is a large community of crypto-currencies, but you will not use social networks other than FB?
We will use social network when we have initial momemtum on bitcointalk. Using FB is largely to prevent robots to get coins. Google accounts and many more will come soon.
member
Activity: 308
Merit: 10
it is good to have a valid team with enough brains and loads of creativity working together to bring about a new and different approach to the way in which this crypto currency is mined. we are having a disruption in the conventional cryptocurrency mining and that is a welcome development.
full member
Activity: 420
Merit: 100
For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?
Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?
A very interesting and important question is, will the transaction fee vary depending on the network load or the price of the coin?

I believe as per the whitepaper the free for mining will be fix, and rewards for miner will be distributed by mining club leader depending on any amounts they want. If leaders goes to away not to deliver good percentage there will be voting within the chain..
legendary
Activity: 2226
Merit: 1971
A Bitcoiner chooses. A slave obeys.
If make the pre-sale period longer would boost the interest as sometimes when presale periods are long, interest slowly drops as lot of people can't afford to invest sums needed during presale.Good partnerships keep people interested and focused on business.

There is a golden line between interest in a product and availability. I guess you need to concentrate on the psychology of FOMO. But that only works if your promised product has any integrity and stability in the first place. TAU seems to have all the right piece in place.
member
Activity: 420
Merit: 12
The Pure Proof-of-Tansaction [POT]
Due to the fact that the development team looks confident and actively communicating at the forum, probably many people would like to know a little more where and in what projects you worked before? And is it planned to replenish the team, because the site is represented only 4 peoply or is this the whole staff?
We have about 10 people full time working on the project and many partimer community contributors. We are lucky to have enthusiastic folks onboard to focus on core technology. We have not spent time in polishing website, but lots of time in deep dive of what future world look like as well as how their currency look like.
From one point of view it is correct that you are deeply immersed in the process of implementing a work product, which will be a weighty argument for attracting investors, but from another point of view, because investors will first of all visit your site, and if it is not saturated with an important information, then this can lead them into doubts about the possible investment! Thank you!
full member
Activity: 392
Merit: 100
a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?
...just wrote this on the plane...fresh... Smiley
We proposes a fast circulation currency without inflation. Users collectively grow and secure the network by doing commoner’s behavior - transactions. With the technology innovation of "Proof Of Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW.
Low barrier to coins, voting and rewarding for commoners are TAU implementation of fairness. Different from other systems, TAU aims the more transaction abundance, the higher speed and the lower total cost.
Bitcointalk.org is all we need for advertising and investor relation... i love bitcointalk...

I agree, bitcointalk is an excellent platform, where there is a large community of crypto-currencies, but you will not use social networks other than FB?
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?
...just wrote this on the plane...fresh... Smiley
We proposes a fast circulation currency without inflation. Users collectively grow and secure the network by doing commoner’s behavior - transactions. With the technology innovation of "Proof Of Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW.
Low barrier to coins, voting and rewarding for commoners are TAU implementation of fairness. Different from other systems, TAU aims the more transaction abundance, the higher speed and the lower total cost.
Bitcointalk.org is all we need for advertising and investor relation... i love bitcointalk...
newbie
Activity: 28
Merit: 0
Good night
Can you explain to me in a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
In case of attacks does TAU better than bitcoin? Glad to see the team is doing might on the best of the project to get better results. Thanks for the fast response just like on the telegram group and discord.
TAU and bitcoin are secure in different ways. TAU is more secure when more transaction happens, because thats the source of security in POT. For smaller transaction number, bitcoin is super secure until 51% attack happen. TAU security is pledge on the future massive transaction happens on chain, those transactions will self create the security.
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
I want  the project team to come out and give us the assurance of how water tight is the security system of the platform is. and what are the suspected attack point for the hackers and what has been done to firmly mitigate those anticipated attacks. This if when done will increase the trust and reliability of the system to all including new client.
Blockchain security comes from many ways and evolving. Tau foundation will never claim we solve the security problem once for all. I am more believe in this is a forever battle to acheive high security. We are collecting all wisdom from debate and our searching. We believe we have following potential threat covered in whitepaper:
1. Speculation transactions and Sybil attack
2. 51% attack or super power attack
3. Club leader corruption
4. Transaction fee surge attack
5. Many more too come
The core of our believe in security is that we believe Tau generate security from onchain data, transaction, rather than from offchain hardward racing and asset holding. The richness and perversiveness of transaction data is more secure than more people using. That is the design goal. Are we there yet? No, but we are working hard towards that goal.
newbie
Activity: 34
Merit: 0
If make the pre-sale period longer would boost the interest as sometimes when presale periods are long, interest slowly drops as lot of people can't afford to invest sums needed during presale.Good partnerships keep people interested and focused on business.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?
Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.
In case of attacks does TAU better than bitcoin? Glad to see the team is doing might on the best of the project to get better results. Thanks for the fast response just like on the telegram group and discord.
legendary
Activity: 2226
Merit: 1971
A Bitcoiner chooses. A slave obeys.
TAU introduces a new never before thought of concept and I do not doubt that while simple, it is quite genius. A proof of transaction is exactly what was missing in the world of crypto! This is going to be a very successful project!
sr. member
Activity: 840
Merit: 251
This an interesting project that every individual need to invest in taucoin.

it is worth focusing on the main advantages and disadvantages of the project, its prospect, the composition of the team, the work of the team, support. and then draw conclusions about the degree of success of the project. this can be done only by having a good idea of the main points of the project.
newbie
Activity: 36
Merit: 0
This blockchain is quite stable. I've seen many coins recently that keep on forking even after dev patches. This one has Pow/Pos/Mn going on so it seems it is hard to attack. The team is also very professional on discord, I believe this one can survive past the incertitude phase. Good Luck
full member
Activity: 392
Merit: 100
For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?
Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?
A very interesting and important question is, will the transaction fee vary depending on the network load or the price of the coin?
newbie
Activity: 35
Merit: 0
This is a business that addresses the people’s problem and pays for the goods. The allocation of funds on each business item is one of the factors that can compete with other ideas for the same purpose in the market. The community paid much attention to the issue. Can you share more detail?
sr. member
Activity: 1988
Merit: 275
For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?
Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?
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