Tau foundation has not fixed up plan to control minging club to operate under 51%. One potential way during mean time is simply keeping foundation nodes to stay above 40% transaction mining power, this makes it very hard to achieve 51%. (Our current labor is focusing on mainnet, balance system, wallet, signal voting and removing time. )
It is our goal to have PC be able to intermittently run full nodes since there is no heavy computing neither storage work engaged. PC is getting more powerful everyday.
The way I understand TAU fairness is not by equalizing everyone, but reducing the entry barrier to common people. Both tau technology and coin econemy address fairness in following way: we are running bounty program for very long time to allow mininum effort to get on board TAU, hope 20 years from my perspective. We keep coin out of inflation. We reward common people essential behavior, spending money for living, rather than rich people racing on hardware and asset hoarding. I would claim we are more fair than POW and POS, but never want to claim the best and abosolute, even thought that is our long term mission.
For DDOS resistance, our mining signal system can easily allow mining leaders to randomly delegate to different address to avoid DDos. Here it is, mining club leader rent 1,000,000 IP addresses, each address associate to one TAU wallet address, then using TAU signal system randomly assign mining power to one of those 1,000,000 address, because DDos never knows club randomness to find IP to attack. I always trust randomness algo, which bitcoin is designed around, than oracles. It is our design purpose use TAU onchain signal system efficiently resist DDos and many other cool things.
1- Tau foundation has not fixed up plan to control minging club to operate under 51% !!
As it doesn't require no heavy computing neither storage work engaged it might be easy for someone who have more servers than the foundation nodes to make easy chain splits and 51% attacks ..
besides why should we trust the foundation nodes at the first place ., what if it failed ?!! would the coin be dead ?
2- Mining leaders , Mining club leader ?
who are they ?
can anyone be one of them ?
what do they do exactly ?
how are they get chosen ? votes ? delegation?
If mining only gets the tx fee and the tx fee was worth 0.1 TAU with average of 50k tx per day that will sum to 5k tau
which means if there is 5k miners each one will take 1 TAU a day would that be a great incentive in a 10bln coin
on 100X of number of TX which is near the current daily cap and 10X number of miners it will still sum to 10 TAUs a day
Thanks for all feedback. Hashing history transactions off chain is in our plan, since we just started, those are already established plan, we will for to use that down the road, thanks for the reminder.
Removing hardware arms race brings concern on how secure it is to avoid 51%. This is the area we are experimenting to use transacion fee as accumulated weight, fee has a cost to prevent sybil. TAU coin started with 5 nodes running by foundation different team member independantly. We see more nodes coming. In intial stage, fundation need to perform protection for 51% attach, once the coins are distributed widely and normal transaction arises. We believe foundation nodes no longer need to be existing.
Our upcoming white paper talks about mining leader and its voting and delegation system. In short, users delegate mining power to leader, leaders mining and voting.
The transaction fee ratio is totally up to the market, it is hard to say how much transaction fee it is in future. Half of the transaction fee will be “club wiring” to all users, half will be “club wiring” to local club and the leader. With auto block time interval, we donot have a daily cap for transactions.