Author

Topic: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World (Read 10878 times)

newbie
Activity: 49
Merit: 0
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.
member
Activity: 178
Merit: 22
how do I mine or buy this??  Huh

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...

***Public Notice***

SCAM ALERT

It is better to buy thin air than buying Trests
newbie
Activity: 49
Merit: 0
https://i.imgur.com/5rpdR9w.jpg

Trestor's €2,000 Crypto Loans Could Beat Bitcoin at Aiding Greece

“One of our investors convinced his pharmacist to accept trests because the pharmacy declined to accept his credit card.
Another person was able to get his gas filled with trests in a cash-only gas station.
This third one is pretty unusual: a guy was able to negotiate '12 eggs and a loaf of bread' for 440 trests.”


— Kunal Dixit, founder of Trestor


https://i.imgur.com/i4wkxnw.jpg

Read the article on CoinTelegraph.
newbie
Activity: 49
Merit: 0
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.
full member
Activity: 182
Merit: 100
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
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
IMZ
legendary
Activity: 1498
Merit: 1000
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
full member
Activity: 224
Merit: 100
Please publish a white paper and source code first on why this is ahy better of different than bitcoin. Then we can trust you

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


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?



The article says
Quote
We have built up a network of 300 retail partners in over 51 countries over the last 60 days

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

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.
full member
Activity: 224
Merit: 100
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!
legendary
Activity: 1358
Merit: 1000

The article says
Quote
We have built up a network of 300 retail partners in over 51 countries over the last 60 days

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

A lot of people feel that way about Bitcoin too.  Smiley
hero member
Activity: 692
Merit: 569
Please publish a white paper and source code first on why this is ahy better of different than bitcoin. Then we can trust you

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


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?



The article says
Quote
We have built up a network of 300 retail partners in over 51 countries over the last 60 days

This is scary that they are involving small retailers and poor Indians in a digital  currency that may as well be  farmville coins
legendary
Activity: 1358
Merit: 1000
Please publish a white paper and source code first on why this is ahy better of different than bitcoin. Then we can trust you

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


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?

legendary
Activity: 1274
Merit: 1004
Please publish a white paper and source code first on why this is ahy better of different than bitcoin. Then we can trust you

It's not, because they are taking donations in bitcoins, technically they are just providing useless trestor for your valuable bitcoins.
hero member
Activity: 692
Merit: 569
Please publish a white paper and source code first on why this is any better of different than bitcoin. Then we can trust you
newbie
Activity: 49
Merit: 0
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
legendary
Activity: 1358
Merit: 1000
This should be moved to the Alt Coins (India) board.
hero member
Activity: 686
Merit: 500
vini, vedi, no vici.
Welcome to Forum Trestor Foundation.  Smiley

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'?  
newbie
Activity: 49
Merit: 0
Trestor Foundation

WORKING TOGETHER, FOR A MISSION

We are a proud team of geeks & hackers. For us, joy of learning supersedes our ego.

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

Trestor is proud to announce there are currently 599 Retail Partners in 63 Countries that support the development of the Trestor Network and Trests.
We have created global strategic partnerships, starting from Cameroon and Greece.

Trests are the digital token or the unit of store of Value and can be sent/received from anywhere in the world.
Our retailers and partners offer the ability to serve as local Trestor locations, where people can go to a store and purchase Trests from trusted Retail Partners.

Trestor is a registered legal entity Headquartered in Toronto, Canada with a Team of Full-time Developers and Business Professionals.



Trestor Network

  • Mobile and chrome app
  • Global payment rail network
  • Custom protocol and distributed ledger
  • Trustless cryptocurrency
  • Asymmetric Proof of stake(aPOS) powered consensus through voting
  • Fast confirmation times: ~ 10 sec (average)
  • Secure cryptocurrency using EdDSA
  • Global network of Trestor nodes manage the distributed ledger
  • Custom consensus algorithm
  • Protected against backdoors, Sybil attacks, and Double Spends




iOS app will soon be available on the App Store. Advanced users can download the pre-release version. For any app related query, send us an
email at [email protected]. Apps for other platforms are being developed and will be released soon.




Trests Distribution

Trests are managed and distributed by the Trestor Foundation and the following rules apply:

  • Fixed supply of Trests of 100 billion
  • Trests initially sold at $0.01 US
  • Available to Trestor Partners and Trest users
  • Send/Receive through mobile app and web account anywhere in the world


No mining
No crowdsale/IPO




Asymmetric Proof of stake(aPOS)

How does it work:

1. Trestor will select and give out 100 million Trest each (deposit account) to university interested in
    running Trestor validator node
2. University with provable history of following points can apply
    - IT access and security controls
    - Computer science/cryptography research
    - Socio-economic research
    - Democratic decision making
3. Universities as validators creates a huge economic asymmetry for the attacker
4. Trestor will help shift the global Monetary policy center from “Central banks” to “Universities”
5. 2% trests can be unlocked from their deposit account every year by the universities to fund its
    research projects


Global cryptocurrency and remittance platform

  • Mobile and Web accessible
  • Fast Confirmation Times
  • Global Ledger managed by Trestor Nodes
  • In-House developed Consensus Protocol
  • Use of EdDSA for Signatures across entire network = no backdoors
  • Fixed Supply of Trests
  • Proof of Work protects against network spam
  • Protection against Sybil Attacks: deposit accounts must have aged coins
  • Protection against Double Spends: voting agrees on the same ledger requires 80% of nodes


Strength of Network

Trestor Foundation has developed the first EdDSA cryptocurrency and blockchain - secure against backdoors and with fast confirmation times.

Advantages

Trests are backed by a global network of Retail Partners that provide easy access and local exchange for users around the world.
The Trestor Blockchain and Cryptocurrency was built around EdDSA - a next generation digital signature algorithm that is protected against backdoors.  
The combined effect gives a high degree of accessibility and uncompromising security at every level of the network.

Services

Trestor services are global. Any new and existing members of the community can go to any Trest location around the world to purchase or redeem Trests for local currency.
Also, Trests are ideal for sending money to friends and family around the world because of the global network of Retail Partners we've established.

Zero Transaction Fees

Sending Trests will be the same amount as receiving Trests. New and existing users can go to any Retail Partner location and get Trests to send to another country.
The receiver can then go to their local Retail Partner and exchange for local currency with zero transactions fees and no hidden costs.


https://i.imgur.com/d7gpnp7.png https://i.imgur.com/GS8ehaP.png


Trestor Team



Trestor in the News

Bitcoinist.net - June 21, 2015
Trestor Partners with Cameroon for New Currency Ecosystem

Yahoo! Finance India - June 19, 2015
Indian startup partners with Cameroon for money transfer last mile services

Business Standard - June 19, 2015
Indian startup partners with Cameroon for money transfer last mile services

CoinTelegraph - February 11, 2015
‘90% of All the Cryptocurrencies Today Should Cease to Exist Within the Next 24 months’

The Financial Express - February 2, 2015
Indian entrepreneur Kunal Dixit launches new currency ecosystem

The Huffington Post - February 2, 2015
Indian Hawkers To Market Online Currency That Could Rival Bitcoin

The Times of India - February 2, 2015
Chaiwalas, golgappewalas to market digital currency in India

Times Pro - December 16, 2014
Bitcoins And Other Digital Currency In India

The Paypers - December 15, 2014
Trestor Foundation to launch crypto-clad digital currency in India

The Indian Express - December 11, 2014
Trestor to bring Bitcoin-like digital currency in India

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