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Topic: [BOUNTY] 🔥🔥WINNER-GETS-ALL / PROOF-OF-TRANSACTION CONSENSUS DEBATE BOUNTY!🔥🔥 - page 3. (Read 4095 times)

member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
On the record list below the balance the transaction made connected doesnt show on the record list. I think it should be like what on ethereum etherscan that all transactions should be visible. I get that the wallet is connected yet on facebook but can I know if once the wallet is released on octobet 1 this kind of features will provided by taucoin wallet. I think should be!
our web based blockchain explorer is in very beginning. Will upgrade for sure.
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
Am I right? Proof of Transaction can be considered as PoW itself but consuming super less energy. The condition for this is to how to set up the consensus protocol on the blockchain itself. Someone send me taucoin with 15k coins I estimated the time it was received was 5mins utmost. If the transaction for 15k coin is at time like that how about sending millions? Can be worth while to receive or will be the same?
POT is different from POW that energy to solve puzzle is zero. Block chain does not know it is 15k or 1m, all it cares is how much bites this amount takes. It protects 1m as secure as 1cent, or if 1 cent is corrupted, the whole 10billion is corrupted. Tau foundation is lucky to open up the line of research in proof of transaction. We found it is a fast, fair, secure and light consensus.
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
Debating on a good coin … the more the faster and lower cost
It is hard to predict what a good crypto coin is. We can compare to some currently successful consumer products.
iPhone, less energy and price to get more power. LED TV, less space, energy and cost to get more size and color. Hybrid car, less gas to more mileage.
If we look at proof of work consensus coin, one BTC transaction cost the electricity equal to one American weekly consumption and keep on going up. 9 years ago, it cost almost nothing to run BTC transactions. Will you feel right this is the best way to support currency future?
Sign of a good technology is reducing cost to get more utility and speed when more and more people adopt it.
Therefore, the consensus TAU foundation is constructing and believing must have following features:
when more people use,
The faster the transaction
The lower the transaction cost
The more secure the currency
The less energy it uses
The more pervasive full nodes are
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
Most advanced technology are solving more problems with less energy. Bitcoin seems to using more energy to do less transaction. From my gut feeling, it can not be right.
Tau aims to deal with huge amout of transaction using less computing power, the more transaction, the faster the network.
POW becomes really more energy-consuming in comparison with POT, but I'm wondering how the developer will fight spam in the network?
We have discussed heavily in white paper to fight spam.
https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf
member
Activity: 194
Merit: 29
PLEASE USE THIS THREAD ONLY FOR DEBATING

There are many ideas that we have to look at and evaluate. The noise and clutter isn't helping

There are no incentives to posting to this thread so for the love of Satoshi, please think before posting here. If you want to praise the project, feel free to do so on the main ANN thread or in Telegram but keep this space reserved to debating and discussing the merits of Proof-of-Transaction
newbie
Activity: 73
Merit: 0
Let me ask one provocative question, what is the reason for the tight binding of the wallet to the account on Facebook? And is the loss of a Facebook account a threat of losing or stealing funds from my wallet?

Actually I wondered of a FB linked web wallet might make it easier to integrate Tau into other applications such as FB linked games or apps (casino games!)
Wallet of tau eventually will be App Store. Any ones can build their wallet. We will be welcome everyone build wallet and App Store.

Good to know that this is the likely trajectory of the project as connecting to a webwallet or not using separate application would be just lame. You have to build an environment like that of apple on a security level but still more of decentralized and open in other means without compromising security.
newbie
Activity: 2
Merit: 0
the sybil attack is still possible, but using some kind of  recaptcha would indeed make a sybil attack much harder and more expensive for the attacker. Maybe even some decentralized authentication is possible for transactions? https://medium.com/@linonetwork/proof-of-human-engagement-on-decentralized-networks-6a87f50d7d55 Smiley
member
Activity: 308
Merit: 10
I can not but hope and wish this projects comes to reality and cause another disruption in the way and manner people validate transactions. we have been faced with the proof-of-work and also the proof-of-stake protocol but this is obviously a different approach and i guess it will be welcomed as a new innovation
newbie
Activity: 202
Merit: 0
Telegram Username: chan5555
TAU Wallet Address: TQQqUur4F1SPB6SbuaEtBMJLf4S6w9Vxex
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
POW becomes really more energy-consuming in comparison with POT, but I'm wondering how the developer will fight spam in the network?
TAUcoin.io published 0.3 version white paper heavily discuss how to prevent this. In short, using trx fee, number , club wiring and time to fight spam.this is the most important work.
newbie
Activity: 25
Merit: 0
Can we post any arguments we want regardless or must we submit only 1?

You are not limited to only one, feel free to post any arguments that you think is valid.

Does it have to be the same or can it be a completely different argument?

Evaluation, and furthering a previously made argument is always welcomed. However, if the argument/evaluation goes into the final voting session, the final prize will go to the first user that brought it up in this thread.

To encourage everyone in sharing their thinking, TAU foundation will externally reward users that propose interesting evaluation. So please feel free to share whats in your mind!
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
I would love to participate in this debate but first I would like to clarify for myself and everyone whether or not it is possible to post more than 1 argument? Does it have to be the same or can it be a completely different argument? Can we post any arguments we want regardless or must we submit only 1?
full member
Activity: 392
Merit: 100
Is it really so serious a problem with the electricity consumed by mining centers to maintain pow? With each new year, the mining hashrates is only increasing, and there have been no serious statements about this problem, besides, it did not lead to black out. May be mining stimulate the growth of electricity power industry?
Most advanced technology are solving more problems with less energy. Bitcoin seems to using more energy to do less transaction. From my gut feeling, it can not be right.
Tau aims to deal with huge amout of transaction using less computing power, the more transaction, the faster the network.
Using off-chain hardware to form up security will always cause arms race in the real world, energy and material is burned to select leader endlessly in every block. I also rather than compare POW and POT, it is more efficient to focus to getting POT better without concern of POW existing.
POW becomes really more energy-consuming in comparison with POT, but I'm wondering how the developer will fight spam in the network?
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
proof of transaction puzzle satisfy the basic conditions for constructing Scratch of fpuzzle [MKKS15]. Based on proof of transaction puzzle that designed PoTcoin that have good performance, such as strengthening the network topology and facilitating the circulate of PoTcoin. In the proof of transaction system, the adversary can try to guess the signature value he needs without calling the signing oracle, just as in[SKR+11], after calling the signing oracle k times, allowing the adversary to guess the signature value.

So this my little knowledge that I've been researched Smiley
POTcoin uses very different system called sequencial signature generation. That require all address participating mining to be active to be selected at randomness. Our proof of transaction is inheriting NXT Style.
hero member
Activity: 2086
Merit: 562
proof of transaction puzzle satisfy the basic conditions for constructing Scratch of fpuzzle [MKKS15]. Based on proof of transaction puzzle that designed PoTcoin that have good performance, such as strengthening the network topology and facilitating the circulate of PoTcoin. In the proof of transaction system, the adversary can try to guess the signature value he needs without calling the signing oracle, just as in[SKR+11], after calling the signing oracle k times, allowing the adversary to guess the signature value.

So this my little knowledge that I've been researched Smiley
hero member
Activity: 2086
Merit: 562
All of the successful man and woman even the company will become successful now is handling this such of difficulty question, they've collected the bad side and after that they improve their services.. That's what I'm seeing now to this project.
full member
Activity: 420
Merit: 100
In the proof of stake consensus the more coins that are kept, coins are being given in the wallet so in this proof of  transaction consensus mechanism the more transaction that an individual make the more profit an individual suppose to earn.
Yes, The balance of your wallet will give you a equal hash rate. Holding the token as a long term is an option thats an advantage I can see with TAUcoin.

Unlike POW, they are costly, TAU provide fair approach to the community as well as to the small and large scale miners.
full member
Activity: 420
Merit: 100
Is it really so serious a problem with the electricity consumed by mining centers to maintain pow? With each new year, the mining hashrates is only increasing, and there have been no serious statements about this problem, besides, it did not lead to black out. May be mining stimulate the growth of electricity power industry?

The issue of energy spent on mining being high and affecting energy available for other uses is becoming alarming and is the one reasons haters of bitcoins are giving . But there are other sources of energy s like solar, wind and hydro sources which can also give energy, why not we exploit  these sources of energy?

Exploiting these kind of resources can be an option to build, but most of miners aren't yet into this maybe a large scale of mining with enough budget to afford a solar / wind / hydro is not an option for a small scale miners.

Hence, With TAU we solve all the current issue of Bitcoin, Tau will likely overcome bitcoin in the near future.

newbie
Activity: 96
Merit: 0
In the proof of stake consensus the more coins that are kept, coins are being given in the wallet so in this proof of  transaction consensus mechanism the more transaction that an individual make the more profit an individual suppose to earn.
member
Activity: 166
Merit: 10
TAUCoin - fast, fair and secure
I support the idea.  I want to be a miner for the TAU of the upcoming network.   Shocked
Please join our dev group for being a miner.
https://t.me/joinchat/ID4hShB8tUxBMpzRwGZuYg
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