Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 161. (Read 309533 times)
Apropos Core/XT fork, this is exactly the problem with the fixedness of the protocol. Since tau's client downloads its own code from the blockchain, and every block is a new client code, no need to fork in order to make any change to the protocol (except breaking the logic's consistency etc). ether couldn't have that too since their protocol is fixed as btc
Can someone tell me what token owners get in return?
Agoras will be an economy offering many new features, like trustlessly hiring programmers (as in the blogpost Code and Money), or hiring other professionals (c.f. Bitagoras), or computer resources (like Zennet), or release coins for any provable "thing", at the sense of tau's proofs.
All Agoras' markets will have one coin. Those coins are being pre-sold, and the msc intermediate token is only for buyers to have something transferrable in hand and will be converted to the real coins. So the msc tokens will cease being operational upon Agoras' genesis where the actual coins take place, and the buyers get a share on Agoras economy.
Okay, so it's like "app fuel" for one or more markets?
But it seems it's not possible to objectively estimate future "value" of such tokens, so how is one supposed to figure out whether to buy or not?
checking out the blog might help get a better understanding of the system and how and in what ways things can and are implemented into tau.
http://www.idni.org/blog
this one likely gives the best picture of its abilities and maybe future worth
http://www.idni.org/blog/post6
Dear Friends,
I'd like to announce that from this moment, Agoras intermediate tokens are being traded in https://masterxchange.com/market.php?currency=msctau
Please note that there are many unsold coins (+90%) and we keep selling through the exchange, so expect a high supply of coins for now. Before the final Agoras coins will go out, we will destroy all unsold coins (as promised long ago), and the trade will "get to normal" without massive amount of coins being sold by us.
Recall that there are 42M intermediate tokens, representing 100% of all future Agoras coins. Agoras won't have creation of new coins, but all of its coins will be generated upon genesis and delivered to their owners, either right away or in a slow release in order not to flood the market. If we pick the slow release method, everyone with no exceptions will be subject to that constraint.
At this opportunity I'll mention that HolyTransactions.com, an online wallet service, began to support our tokens.
Sales term and conditions appear at http://www.idni.org
I'd like to announce that from this moment, Agoras intermediate tokens are being traded in https://masterxchange.com/market.php?currency=msctau
Please note that there are many unsold coins (+90%) and we keep selling through the exchange, so expect a high supply of coins for now. Before the final Agoras coins will go out, we will destroy all unsold coins (as promised long ago), and the trade will "get to normal" without massive amount of coins being sold by us.
Recall that there are 42M intermediate tokens, representing 100% of all future Agoras coins. Agoras won't have creation of new coins, but all of its coins will be generated upon genesis and delivered to their owners, either right away or in a slow release in order not to flood the market. If we pick the slow release method, everyone with no exceptions will be subject to that constraint.
At this opportunity I'll mention that HolyTransactions.com, an online wallet service, began to support our tokens.
Sales term and conditions appear at http://www.idni.org
HolyTransactions actually tried to scam BitShares community. They managed to get a delegate position promising to develop stuff yet they got the funds but never communicated or delivered anything so beware.
Can someone tell me what token owners get in return?
Agoras will be an economy offering many new features, like trustlessly hiring programmers (as in the blogpost Code and Money), or hiring other professionals (c.f. Bitagoras), or computer resources (like Zennet), or release coins for any provable "thing", at the sense of tau's proofs.
All Agoras' markets will have one coin. Those coins are being pre-sold, and the msc intermediate token is only for buyers to have something transferrable in hand and will be converted to the real coins. So the msc tokens will cease being operational upon Agoras' genesis where the actual coins take place, and the buyers get a share on Agoras economy.
Okay, so it's like "app fuel" for one or more markets?
But it seems it's not possible to objectively estimate future "value" of such tokens, so how is one supposed to figure out whether to buy or not?
not app fuel at all, we don't need that model since we have decidable logic, but to get to your point:
the coin will be used to replace giant markets: many of the hardware market, HR market (hiring professionals, not only finding them but the whole process being p2p), software development market, search engines, social networks and so forth as part of its uses are being described at the last page of https://docs.google.com/document/d/16239hEjL_IgXYsk2I6RMjMKhmUte30leYI3jJ-Vgp3M/edit
Can someone tell me what token owners get in return?
Agoras will be an economy offering many new features, like trustlessly hiring programmers (as in the blogpost Code and Money), or hiring other professionals (c.f. Bitagoras), or computer resources (like Zennet), or release coins for any provable "thing", at the sense of tau's proofs.
All Agoras' markets will have one coin. Those coins are being pre-sold, and the msc intermediate token is only for buyers to have something transferrable in hand and will be converted to the real coins. So the msc tokens will cease being operational upon Agoras' genesis where the actual coins take place, and the buyers get a share on Agoras economy.
Okay, so it's like "app fuel" for one or more markets?
But it seems it's not possible to objectively estimate future "value" of such tokens, so how is one supposed to figure out whether to buy or not?
Can someone tell me what token owners get in return?
That part is extremely fuzzy. PoS, someone said, but what about it? Rewards can be set arbitrarily later, so they may or may not turn out to be ... rewarding.
That part is extremely fuzzy. PoS, someone said, but what about it? Rewards can be set arbitrarily later, so they may or may not turn out to be ... rewarding.
No, not PoS at all. Please see my comments to Synechist at the CT article http://cointelegraph.com/news/115118/tau-chain-a-decentralized-app-store-with-greater-flexibility-than-ethereum
Can someone tell me what token owners get in return?
Agoras will be an economy offering many new features, like trustlessly hiring programmers (as in the blogpost Code and Money), or hiring other professionals (c.f. Bitagoras), or computer resources (like Zennet), or release coins for any provable "thing", at the sense of tau's proofs.
All Agoras' markets will have one coin. Those coins are being pre-sold, and the msc intermediate token is only for buyers to have something transferrable in hand and will be converted to the real coins. So the msc tokens will cease being operational upon Agoras' genesis where the actual coins take place, and the buyers get a share on Agoras economy.
Can someone tell me what token owners get in return?
That part is extremely fuzzy. PoS, someone said, but what about it? Rewards can be set arbitrarily later, so they may or may not turn out to be ... rewarding.
That part is extremely fuzzy. PoS, someone said, but what about it? Rewards can be set arbitrarily later, so they may or may not turn out to be ... rewarding.
Hm, came here due to the Ethereum - Tau Article on The Cointelegraph.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
The CT article indeed doesn't get into the fine details. Please have a look at the docs and ask any question.
The coins (which are intermediate only) are over the Omni (aka Master) protocol. They are encoded over the Bitcoin's blockchain, and you store your coins in a BTC address, with same privkey/pubkey, ownership, transferring, and everything else as in cryptocoins.
So Now I ask myself what has the Tau Chain to do with the Master protocol?
For the later ease of transferring "coins" when u run genesis?
thx
yes, tau has nothing to do with master/omni or btc, except for the intermediate Agoras coins that will be converted to the real Agoras coins upon its genesis.
also note that tau as for itself have no coin at all, the coins are for a financial economy to be built over tau, namely, Agoras.
Hm, came here due to the Ethereum - Tau Article on The Cointelegraph.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
The CT article indeed doesn't get into the fine details. Please have a look at the docs and ask any question.
The coins (which are intermediate only) are over the Omni (aka Master) protocol. They are encoded over the Bitcoin's blockchain, and you store your coins in a BTC address, with same privkey/pubkey, ownership, transferring, and everything else as in cryptocoins.
So Now I ask myself what has the Tau Chain to do with the Master protocol?
For the later ease of transferring "coins" when u run genesis?
thx
Hm, came here due to the Ethereum - Tau Article on The Cointelegraph.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
The CT article indeed doesn't get into the fine details. Please have a look at the docs and ask any question.
The coins (which are intermediate only) are over the Omni (aka Master) protocol. They are encoded over the Bitcoin's blockchain, and you store your coins in a BTC address, with same privkey/pubkey, ownership, transferring, and everything else as in cryptocoins.
Hm, came here due to the Ethereum - Tau Article on The Cointelegraph.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
I read the article but I don't see an advantage on the userside compared to any smart contract form, Ether or the proposed BTC smart conracts.
I also don't quite understand how the MSCTAU I might buy are really mine in terms of having the private key for the address...compared to every other presale I experienced.
and when is the selling of the coins over?
We have to know that, as someone wants to buy, when the project seems to be successfull already.
We have to know that, as someone wants to buy, when the project seems to be successfull already.
Please see https://bitcointalksearch.org/topic/m.12140182
Besides the above explanation that even if it's overvalued, the whole deal is still fair,
I have no idea why you think it's overvalued. I think it's undervalued. Please reconsider the value of what we're talking about here (Agoras).
I have not dismissed it yet and agree that it is potential undervalued in its completed form in the future. i haven't finished reading everything but have been reading more and more throughout the day .
Just the things i have wittnessed time and time again in the crypto scene regarding ipo coins is , large target funding goal requests during an IPO, leading to less interest and thus less investment in the initial funding stages, leading to a slower development/implementation of the idea.
is it possible to get a rough idea of how many coins have been sold up until now or is that private info for the time being?
The info is all out there publicly. Less than 10% of coins were sold (much less).
and when is the selling of the coins over?
We have to know that, as someone wants to buy, when the project seems to be successfull already.
Besides the above explanation that even if it's overvalued, the whole deal is still fair,
I have no idea why you think it's overvalued. I think it's undervalued. Please reconsider the value of what we're talking about here (Agoras).
I have not dismissed it yet and agree that it is potential undervalued in its completed form in the future. i haven't finished reading everything but have been reading more and more throughout the day .
Just the things i have wittnessed time and time again in the crypto scene regarding ipo coins is , large target funding goal requests during an IPO, leading to less interest and thus less investment in the initial funding stages, leading to a slower development/implementation of the idea.
is it possible to get a rough idea of how many coins have been sold up until now or is that private info for the time being?
The info is all out there publicly. Less than 10% of coins were sold (much less).
Besides the above explanation that even if it's overvalued, the whole deal is still fair,
I have no idea why you think it's overvalued. I think it's undervalued. Please reconsider the value of what we're talking about here (Agoras).
I have not dismissed it yet and agree that it is potential undervalued in its completed form in the future. i haven't finished reading everything but have been reading more and more throughout the day .
Just the things i have wittnessed time and time again in the crypto scene regarding ipo coins is , large target funding goal requests during an IPO, leading to less interest and thus less investment in the initial funding stages, leading to a slower development/implementation of the idea.
is it possible to get a rough idea of how many coins have been sold up until now or is that private info for the time being?
If i invested now, it wouldn't change much if all the coins were not sold. If 100,000 is invested by investors the value is that price, if only 50k is invested Then the value of the currency is 50k , destroying coins doesn't benefit them, only leaving the coins there would be at a huge disadvantage to the previous investors. destroying them is a pretty neutral act really to those already invested
Right when you thought you've heard it all...
If someone values their own idea/ company at 100,000 dollars , that isn't the actual value it's the value they have placed on it.
If they host an IPO to sell coins or tokens and they have a total of 100,000 dollars/coins to sell.
only 50,000 coins/dollars worth are sold. they destroy the other 50,000 coins
whats the value of the company? it's the 50,000 dollars been invested because the 100k is a purely subjective valuation, destroying those coins did jack shit, each coin is still worth exactly the same, if and when the price rises it changes the mechanics . and you own a higher percentage of the coin, but as the IPO has shown the valuation was wrong anyways , so more of a company because it was worth less than the valuation.
The point being a huge over valuation of a company during the IPO can harm the coin. it has happened for the last 3 years + in the crypto space, over valued ideas getting dumped into the ground
Besides the above explanation that even if it's overvalued, the whole deal is still fair,
I have no idea why you think it's overvalued. I think it's undervalued. Please reconsider the value of what we're talking about here (Agoras).
If i invested now, it wouldn't change much if all the coins were not sold. If 100,000 is invested by investors the value is that price, if only 50k is invested Then the value of the currency is 50k , destroying coins doesn't benefit them, only leaving the coins there would be at a huge disadvantage to the previous investors. destroying them is a pretty neutral act really to those already invested
Right when you thought you've heard it all...
If someone values their own idea/ company at 100,000 dollars , that isn't the actual value it's the value they have placed on it.
If they host an IPO to sell coins or tokens and they have a total of 100,000 dollars/coins to sell.
only 50,000 coins/dollars worth are sold. they destroy the other 50,000 coins
whats the value of the company? it's the 50,000 dollars been invested because the 100k is a purely subjective valuation, destroying those coins did jack shit, each coin is still worth exactly the same, if and when the price rises it changes the mechanics . and you own a higher percentage of the coin, but as the IPO has shown the valuation was wrong anyways , so more of a company because it was worth less than the valuation.
The point being a huge over valuation of a company during the IPO can harm the coin. it has happened for the last 3 years + in the crypto space, over valued ideas getting dumped into the ground
The price is very off putting, you are trying to raise 2 million dollars on an idea that isn't actually made yet?
There's a lot that has already been made.you have majorly over valued your business especially since it looks like the only way to complete this project will be getting enough funding, so you are totally relying on investors to fund to project while giving them a fixed price determined completely by yourself.
I announced quite the contrary: the obligation to supply the products is independent at the number of coins sold. Moreover, unsold coins will be destroyed before the actual coins go live, so buyers will get a bigger share on that case.
Obviously, more funding will positively affect the timeline and richness of the products.
More funding would be achieved if investors determined a free market valuation of what is on offer, not a pre determined price by the creator who has very subjectively valued their own idea which 95% of the time is massively over valued from the real term value, which will be destroyed when any free market economics are introduced .
Good to know the whole project isn't dependent on funding but if more would help, massively over valuing the currency will actually hugely reduce the earning potential of such an idea.
Investors will be investing in the coin at the present time they invest , so the reduction or destruction of coins doesn't really benefit them , they are not coins that are already created really, they are just coins that "might be" created .
If i invested now, it wouldn't change much if all the coins were not sold. If 100,000 is invested by investors the value is that price, if only 50k is invested Then the value of the currency is 50k , destroying coins doesn't benefit them, only leaving the coins there would be at a huge disadvantage to the previous investors. destroying them is a pretty neutral act really to those already invested
The price is very off putting, you are trying to raise 2 million dollars on an idea that isn't actually made yet?
There's a lot that has already been made.you have majorly over valued your business especially since it looks like the only way to complete this project will be getting enough funding, so you are totally relying on investors to fund to project while giving them a fixed price determined completely by yourself.
I announced quite the contrary: the obligation to supply the products is independent at the number of coins sold. Moreover, unsold coins will be destroyed before the actual coins go live, so buyers will get a bigger share on that case.
Obviously, more funding will positively affect the timeline and richness of the products.
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