Topic: [BOUNTY] 🔥🔥WINNER-GETS-ALL / PROOF-OF-TRANSACTION CONSENSUS DEBATE BOUNTY!🔥🔥 - page 4. (Read 4115 times)
September 04, 2018, 09:29:46 AM
I support the idea. I want to be a miner for the TAU of the upcoming network.
September 04, 2018, 02:18:36 AM
Tau white paper 0.3, please comments.
https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf
https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf
September 04, 2018, 02:13:02 AM
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?
This is kinda absurd actually. You want an automatic life saver consensus that really work out all. This is what you called dominance advancement. Consensus incorporated to improve system of the blockchain. Maybe you can use AI to simplify things but having a command button to do it all is quite impossible or too good to be true. Maybe year 2050. The POT introduced by Taucoin isnt an all out problem solver but has contain interesting features which blockchain needed. Its like an improve PoW system with an added option like of PoS. This can be like the next EOS if the team can commit on further development. I like their mining pool club option though still need improvements.
September 03, 2018, 12:39:04 PM
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?
September 03, 2018, 08:11:25 AM
I can see the progress of the debate. This term is wise to open flood for this type of activity. It will give room for amendment of some lapse which will be observed in the process of this debate. Best of luck.
September 03, 2018, 07:04:54 AM
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?
September 03, 2018, 06:46:42 AM
Of course, TAUcoin the most secure, fair and environmentally friendly blockchain network. Everyone will realize that later. I hope that Taucoin dev will take us to Moon soon.
Telegram Username : @kunina
Telegram Username : @kunina
September 03, 2018, 03:52:31 AM
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.
September 03, 2018, 03:23:25 AM
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.
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
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.
September 02, 2018, 07:43:10 PM
If I correctly understood the algorithm of the Harvest Club, the first published application on tau, especially if it is popular, like CryptoKitties, will collect around itself the target audience and will be collect the main awards of the network. That is, the first developed applications will collect the main awards, as well as create an unfavorable and non-competitive atmosphere for the blockchain, but with the growth in the number of such applications, there should be some kind of balance. Explain to me if I'm wrong?
Very interesting perspective to view harvest club is an app. I never thought so, but from this line. Our onchain voting and delegation signal system could prsent some interesting apps. We focus on one currency only. Tau focus on chain solutions for mining, speedup, voting and transaction. September 02, 2018, 01:01:37 PM
If I correctly understood the algorithm of the Harvest Club, the first published application on tau, especially if it is popular, like CryptoKitties, will collect around itself the target audience and will be collect the main awards of the network. That is, the first developed applications will collect the main awards, as well as create an unfavorable and non-competitive atmosphere for the blockchain, but with the growth in the number of such applications, there should be some kind of balance. Explain to me if I'm wrong?
September 02, 2018, 08:28:24 AM
The speed of internet allows decentralized nodes to communicate it fster, POT network will be available to support 1000 times transactions, which is equivalent to 10 billion transactions every day.
September 02, 2018, 07:32:42 AM
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?
September 02, 2018, 04:17:41 AM
Telegram Username: @Zuhair123
TAU Wallet Address: TUWM8MLirFyx6N5Fe18jGzVziX7nAse5iu
TAU Wallet Address: TUWM8MLirFyx6N5Fe18jGzVziX7nAse5iu
September 01, 2018, 07:20:41 PM
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!)
September 01, 2018, 03:46:02 PM
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!)
September 01, 2018, 01:06:58 PM
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?
This is for initial launch of web wallet. App wallet will release in one week. That does not need Facebook logon. September 01, 2018, 12:59:10 PM
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?
September 01, 2018, 10:10:09 AM
TAUcoin made by consensus mechanism called POT. It proposed a fast circulation without inflation and deflation. By doing it, users can easily access their network security transactions on time.
September 01, 2018, 05:30:15 AM
Any product, company and corporation who've undergo an intense debate and criticism is the company of success.. I'd like to eat in some restaurant that have a prepared box for comments, suggestion and criticism , you know why? they want to improve their service to their clients.. Same with this project!
I don't want to be part of this debate, coz i'm not good in debate.. lol!
I don't want to be part of this debate, coz i'm not good in debate.. lol!
I think you can participate in the debate because what you have suggested above about product, company and corporation is part of debate, there is nothing so peculiar about debating, so put in your best and read the whitepaper so as to contribute to the topic whether against or for. Thanks
Yeah. The debate will just start if someone opposes your suggestion or opinion about the project. I like this marketing campaign to know more about the project and what are the strength and weaknesses that could lead to some improvements and adjustments if spotted early on.
Jump to: