Topic: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World (Read 10858 times)

Thanks for trolling. We are very open and have answered all technical questions presented to us.
You can also read our whitepaper and our code is Open Source.

You can learn more about us on our website, more info are in the OP.

Unfortunately we are forced to leave this subforum because of the amount of trolling we have experienced, even though we made every attempt to answer questions.

Nevertheless, thanks to all the community members who do support us.

This thread is now locked. We will not participate in discussion on this subforum any longer.

You can not mine it. You can only buy it. They have also fixed a base price for their shitcoin. Trestor is a PayCoin wannabe. Most probably they do not have any blockchain type public ledger either...

We have just updated the OP with the latest info so that it is official.

We have also locked other threads as we don't want to have multiples in the same section.
The feedback from the moderator and the community is welcome, we do mean that.
It was our fault, but from now on we want to stick to one thread.

We are well aware that some of the community members have different opinions about Trestor but we do welcome all to join the discussion.

We are around to answer any queries as we have been doing in the past.

Feel free to ask away. Thank you.

I will try and ring a few numbers later tonight. Seems like a scam if they refuse it. I just hope it doesn't turn into something like what happened with mycoin in Hongkong. These guys might pitch the idea to naive people not aware with bitcoin, and just pitch it to them with promises like bitcoin

I rang a 'Trestor merchant' in Australia this morning. Nice guy. Not a crypto geek. Knew nothing whatsoever about Trestor. Zip. Nada. Zilch.

How about a bunch of us in different countries each ring a listed merchant?

Mark (IndiaMikeZulu), Australia

Dude, check out these "merchants" its one person shops or fronts in developing countries. I bet their entire staff is just minimum wage slaves cold calling morons and promising wealth.

100% scam. You can "donate" to the foundation via BTC and get the "currency". Or as they say " we believe trestor will be less volatile than BTC" and then "we expect trestor to be 1% of total gold value in a few years, a 75 x increase from today" ha ha. Oh and its already $1 BILLION worth. 100% Indian scam verified!

A lot of people feel that way about Bitcoin too. 

The article says

This is scary that they are involving small retailers and poor Indians in a digital  currency that may as well be  farmville coins

They seem to be playing the media pretty well.

http://www.financialexpress.com/article/industry/tech/indian-entrepreneur-kunal-dixit-launches-new-currency-ecosystem/38146/
http://timesofindia.indiatimes.com/tech/tech-news/Chaiwalas-golgappewalas-to-market-digital-currency-in-India/articleshow/46097663.cms?

It's not, because they are taking donations in bitcoins, technically they are just providing useless trestor for your valuable bitcoins.

Please publish a white paper and source code first on why this is any better of different than bitcoin. Then we can trust you

BTC India,

Thank you for your wishes! Really appreciate it.

We, at Trestor, must apologize in advance because the answer to your questions has been consciously kept ambiguous and slightly philosophical. 

While the whole ecosystem is celebrating the rise of Bitcoin and how Bitcoin 2.0 protocol (whichever wins) is going to bring about second phase of cryptocurrency growth. We think, as a community, we should introspect and watch out for complacency & avoid making Bitcoin a religion of sorts. 

Trestor (T-Net), does not see itself as Bitcoin 2.0 project, Instead we see ourselves as a “Bitcoin 0.5” project. While the whole ecosystem is focused on celebrating promising ideas like smart contracts, we think, as a community, we need to back a protocol which is able to execute "Four fundamental functions of money" to perfection first:

Functions are as follows:

1. Standard of deferred payments
2. Store of value
3. Unit of account
4. Medium of exchange

The only way Trestor can satisfy these 4 functions of money is by executing its mandate correctly:

“Our mission is to create the most efficient Money, Payment and Market system for the world.”

Even before our launch, we have already partnered with over 200 Retail Locations in over 16 countries, the idea is to create a “truly decentralized” and highly accessible “store of value” thereby creating a very functional “medium of exchange” system.

Starting 1st February, we will be adding, 500 independent locations every month to our global Retail Network. These locations would not have any contractual obligation to deliver service, they would deliver the best service because they are systemically incentivised to deliver.

To summarize, We think that most of us have started thinking of protocols like applications, protocols are very very different from applications. 

Mentioned below are some of Trestor's views about cryptocurrency protocol development:

1. Protocols are not apps, adoption is its true disruption (from a protocol's standpoint)
2. Apps are disruptive when they execute certain task better than their closest alternative; protocols are disruptive when they achieve mass adoption (rephrasing our 1st point for more clarity)
3. Efficiency is overrated (from a protocol's standpoint)
4. IPv4 addresses are exhausted but still over 94% of the internet traffic still flows through it despite over 18 years of effort by big multinationals for IPv6 adoption (Reiterating 3rd point)
5. Protocol stability is underrated; would you leave Facebook if you are unable to login for an hour; what if the same thing happens with your money (T-Net transactions)?
6. Simpler protocols with minimal ‘Organisational overhead’ are better positioned to win. At Trestor, the maximum team size (for any autonomous core team) is 7; ie. The team should be able to fit into an SUV, drive to a pizza place and share an XXL pizza for lunch.

We might not have done justice to your excellent question, but we promise to do justice to executing our thought process in coming weeks and months.

Regards,

Trestor Team
www.trestor.org
@trestorconnect

This should be moved to the Alt Coins (India) board.

Welcome to Forum Trestor Foundation. 

Heartily congratulations!

"Our mission is to create the most efficient Money, Payment and Market system for the world."
~Kunal Dixit

Can you tell us more about Trestor's mission, goals and vision. How do you differentiate yourself from other alt-currencies?

What will be your positioning strategy and how you plan to bring people on-board when are busy promoting foreign currency motivated by greed and have labeling Bitcoin as 'inevitable revolution'?