[ANN][TAC] TalkCoin - page 34. | Bitcointalksearch.org

k-meister

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Activity: 116

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Quote from: Ignition75 on August 24, 2014, 09:27:31 PM

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

These are not 2 opposing goals which need to be balanced, they are the same goal! If you can satisfy existing holders then you will also get the new investors, because the value goes up which attracts more people. If you can't satisfy holders or increase the value of the coin then why would anyone want to become a holder?
The thing is that we already know, because the coin and similar inflation model has been out for a while, that the current model can do neither. Nobody wants to buy, and 1 btc in the buy order list is effectively a collapsed coin. The fact that the market hasn't picked up since the announcement means nobody has confidence or wants to buy into this model. You may say it needs marketing, but if none of the existing people following it think it's worth buying then you're not likely to find new ones either.

I don't understand why 20% a month is “not too much inflation”, if you can help us understand this then maybe we can give the idea some support. Can you give examples of any other coins which have been successful with similar levels of long term inflation?
By that I mean in the modern coin world after the rise of PoS.

waxo

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Activity: 630

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Quote from: Ignition75 on August 24, 2014, 09:27:31 PM

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend Tongue

).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

very nice that things are moving forward with TAC !

i was mining since day 1 and i did not sold any and bought also...

I have an idea, why not create a dating site ? like www.tacmeet.com ?
i can manage it !
what the community think about it ?

Ignition75

sr. member

Activity: 462

Merit: 250

www.dashpay.io

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend Tongue

).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

BrewCrewFan

hero member

Activity: 672

Merit: 501

Lock the block reward with a sloping cut in the rewards over time.

This gives the new miners a chance... ect.... plus look at the BS DRK gets for the simple thing of cutting the block reward so much after it was "discovered" that people wanted to mine it.

TalkTeam

full member

Activity: 126

Merit: 100

Quote from: halicarton on August 24, 2014, 05:35:09 AM

what is the latest news about TAC?

We are releasing a new wallet next weekend that has some key changes including removing block reward voting. More info here: https://bitcointalksearch.org/topic/m.8496645

coolmyrig

sr. member

Activity: 323

Merit: 250

new Talkcoin wallet GUI and website are better looking,hope it be a big success.

halicarton

sr. member

Activity: 402

Merit: 250

what is the latest news about TAC?

Ignition75

sr. member

Activity: 462

Merit: 250

www.dashpay.io

Mining is important for network security, PoS has a known security flaw, so I'm not sure that's the best option.

At the moment we have unlimited inflation and the dev wanted it this way because of the hidden addresses, the proposed supply curve is quite conservative once this coin gathers steam. It's been very hard on the existing team to take this coin forward when the lead dev has been dishonest and severely lacking in communication.

We want a measured supply curve, one that keeps miners interested but doesn't cause too much deflation of existing holdings.

It's important we get people using chat both in the wallet and on mobile and have the right mix of economics and technology.

This is good, keep the great suggestions coming in

k-meister

member

Activity: 116

Merit: 10

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

I don't really see people thinking that, I think you're worrying about being defensive about something which isn't a big issue anyway. There was our pet troll but he was just trolling. The rest of the community haven't been complaining about it, and those people (including me) are going to feel pretty disillusioned after hoping that the inflation would be brought under control.
By the time the block reward halves our investment will be worth about a quarter of what it is now (in percentage terms) and a year is so far into the future in crypto terms that it might as well be forever. I doubt you'd find a single person who invests on the basis that the inlation will decrease by 50% in a year's time. Who would tie their money up for that long while it devalues so much every month.

k-meister

member

Activity: 116

Merit: 10

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

To get more than 6 btc a day coming in after taking off money going out, is just so massively over optimistic unless a coin is really well established, which is definitely not the case with talkcoin. We get a total volume of less than 1 btc a day on normal days and basically 0 of that is coming in as investment (over what is going out), that can be seen by the fact the prices have fallen for a long time.
The reason for the lack of interest is quite simply the inflation, if you want an investor interested you can't say he will lose 20% of his investment every month, vs most coins where there is 0% inflation.

k-meister

member

Activity: 116

Merit: 10

Quote from: AizenSou on August 23, 2014, 03:24:13 PM

Believe me, as one of the first investors of the coin I would even prefer 1TAC block reward :p
But it would be unfair for new investors don't you think ? Btw the problem with block reward could be solved if the community agree to this, we are actually very open to discussion.

I don't see why a small block reward would be unfair to new investors? I think it's exactly the opposite way around, it would attract new ones. I've been a full-time professional coin investor for almost a year and I can say that investors want the lowest inflation possible in a coin (any investor will prefer POS with 0%) because it means there's not a constant downward pressure on the market, and it means their investment is not devaluing constantly. That is why POS has become the standard now.
As an example, after hearing about the planned inflation curve I have stopped buying new talkcoins. I may not be a new investor but if an old investor doesn't want to buy any more why would a new one want to?

Ignition75

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Activity: 462

Merit: 250

www.dashpay.io

Quote from: Judaz49 on August 23, 2014, 04:21:38 PM

Quote from: AizenSou on August 23, 2014, 03:24:13 PM

Believe me, as one of the first investors of the coin I would even prefer 1TAC block reward :p
But it would be unfair for new investors don't you think ? Btw the problem with block reward could be solved if the community agree to this, we are actually very open to discussion.

It won't be unfair imo.Price is already too cheap atm.Most of old investors already dumped their coins.As i stated everybody wants the rise of the price, if lowering block reward could help it out i see no reason not to do it.

We have a meeting in the next few days to discuss inflation, before the supply curve implementation is finalised.

Thanks for your feedback, we will definitely take it into consideration.

Judaz49

full member

Activity: 135

Merit: 100

Quote from: AizenSou on August 23, 2014, 03:24:13 PM

Believe me, as one of the first investors of the coin I would even prefer 1TAC block reward :p
But it would be unfair for new investors don't you think ? Btw the problem with block reward could be solved if the community agree to this, we are actually very open to discussion.

It won't be unfair imo.Price is already too cheap atm.Most of old investors already dumped their coins.As i stated everybody wants the rise of the price, if lowering block reward could help it out i see no reason not to do it.

ilovecudacompute

member

Activity: 112

Merit: 10

Quote from: jly77 on August 23, 2014, 04:37:09 AM

This is really exciting news!!!!!!!!!!!!!!

crz rocks so is djm
Good to hear about a coin with trustworthy people who have proved their value

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: Judaz49 on August 23, 2014, 03:06:18 PM

Quote from: Ignition75 on August 23, 2014, 02:00:46 PM

Quote from: Judaz49 on August 23, 2014, 01:24:44 PM

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

i have already suggested to remove voting system, make block reward 5 TAC per block and never change back.

As have many people. Is there a reason why you would like 5 block reward?

Seems reasonable imo, for ex Darkcoin had 5 DRK reward @max difficulty and it was fine.TAC has much faster block time and already ~9M coins minted,so a lower block reward could work too.

Believe me, as one of the first investors of the coin I would even prefer 1TAC block reward :p
But it would be unfair for new investors don't you think ? Btw the problem with block reward could be solved if the community agree to this, we are actually very open to discussion.

Judaz49

full member

Activity: 135

Merit: 100

Quote from: Ignition75 on August 23, 2014, 02:00:46 PM

Quote from: Judaz49 on August 23, 2014, 01:24:44 PM

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

i have already suggested to remove voting system, make block reward 5 TAC per block and never change back.

As have many people. Is there a reason why you would like 5 block reward?

Seems reasonable imo, for ex Darkcoin had 5 DRK reward @max difficulty and it was fine.TAC has much faster block time and already ~9M coins minted,so a lower block reward could work too.

Ignition75

sr. member

Activity: 462

Merit: 250

www.dashpay.io

Quote from: Judaz49 on August 23, 2014, 01:24:44 PM

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

i have already suggested to remove voting system, make block reward 5 TAC per block and never change back.

As have many people. Is there a reason why you would like 5 block reward?

Judaz49

full member

Activity: 135

Merit: 100

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

i have already suggested to remove voting system, make block reward 5 TAC per block and never change back.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: lxru9999 on August 23, 2014, 08:49:12 AM

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

tac main function is to chat, but the number of people using the TAC chat wallet has been declining. Marketing efforts is not enough, why .....? We have right tac lost a lot of confidence, because the price has not been a large rise, there is no substantial profits, focus on fewer and fewer people involved fewer people.

We have hired a PR manager. He's on vacation now and comes back on Monday. We are all agreed that the marketing work will start very soon together with the new rebranding of the coin. We will focus more on the core features of Talkcoin with respecting Talkcoin users wishes.

lxru9999

member

Activity: 112

Merit: 10

Quote from: Ignition75 on August 23, 2014, 07:46:13 AM

Quote from: Judaz49 on August 23, 2014, 07:30:29 AM

Quote from: AizenSou on August 23, 2014, 06:43:52 AM

Quote from: k-meister on August 23, 2014, 06:32:03 AM

Thanks for the update, its great to see the coin being taken over and looked after and I’m sure everyone appreciates your effort.

But I don’t get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

tac main function is to chat, but the number of people using the TAC chat wallet has been declining. Marketing efforts is not enough, why .....? We have right tac lost a lot of confidence, because the price has not been a large rise, there is no substantial profits, focus on fewer and fewer people involved fewer people.

Topic: [ANN][TAC] TalkCoin - page 34. (Read 266731 times)