Hello,
I like to share my views on the project and i must say in advance that it wont be nice.Im sorry about all the grammar mistakes im going to do.
I found about tau chain in April last year and after reading everything i was able to find i invested in May.
Since than i continued to inform myself on almost daily basis what was going on ,because it was quite big % of my portfolio.
I must say that i really liked the idea and continue to like it ,but i always had the feeling that it is more of an " utopia" and as
days/months passed, that become more and more true for me .I used to have 100 k agoras and in the time of this post i own 0.
I must say that getting rid of it, took big weight of my shoulders ,but ofcourse i ended with less BTC than i invested so in a loss.
I would like to share my views on why i did that here,cause im sure that if i try to do it in the IRC i would be instantly named as a troll
as everyone who dares not to praise the project.
The project is almost 3 years old.There was a big conflict between the original team and Ohad Assor, who is now the one and only person
behind agoras.The other members said and i quote:" we begged Ohad not to do and ICO ,cause we were never about the money in the first
place ,but he was very determined to do it"
Than apperantly there was a big "mistake/error" in the original Tau design and Ohad decided to split and "start everything from scratch".
There are quite a few things, that alot of people have asked but never got answers for.Ofcourse they were named as trolls and Ohad stopped
posting here,where every new investor is first to come and gather info about it.
So till now there are 32 000 000 tokens sold out of 42.
Take in mind that the % that is left for the team ,if one person can be named team is really really small ,as i remember few hundred thousand tokens.
Wait a little, people will ask themselves ,why he/they would do that, every project leaves nice % of the coins so when they are sucesful they will
benefit from their work, but not Mr.Assor cause he prefers to sit on hundreds and hundreds of BTC .
What he has done with them you will ask and why did he needed them in the first place ,because it was always about the working product in his words and
he is at the stage of pre alpha nowadays.
The answer is : noone except him knows,but they are not put in research,marketing,website,new hires, thats for sure.
The website is like from stone age , nothing has been done for year, and just recently he posted one blog from which i guess 95% +
of the investors didnt get anything .But ofcourse he can not be bothered to update the content and the design of the website,which is
the face of the project, why he would do that.There is no official twitter,no official blog, no facebook, no telegram , no place where
you can inform yourself about the project from the owner/developer about what is going on with your money except an IRC log , and we are in 2018. I must say that there is a
telegram and facebook ,but they gather the info from the IRC, Ohad never posts there.
About the IRC. There are like 5 people who are doing all the convo, literally. Ohad,liamio,Karov, occasionally dmiles and dana edwards from steemit.
If you read between the thousands of chat lines im sure that the usefull info about the project is less than 5%,everything else is just mindless spam chat.
And yet this is the official place,where new investors will come to gather info and put their money into the project.Maybe it is only me ,but i dont
think this is a good way to do marketing.But ofcourse why Ohad needs to promote Tau Chain Agoras.The project is only 3 years old and still in pre-alpha.
But he continues to say ,go ahead, go invest in some fancy scam project with flashy site and no product.I have read posts from Ohad,how every major coin out there sucks,
how they claim to be something they are not, how they are a joke, yet he has few github commits with zero reviews in years,but still he never stops laughing at other
projects, cause his one is "unique", its all about the product...
Ofcourse Ohad can not be bothered to even give weekly or monthly update on what is going on, what he is doing .
The answer is always working on the code.Ofcourse he can not hire someone to help him ,not because he hasnt sold 32 mill tokens for hundreds of BTC ,
but because there is " noone who can help him". Why? Because Ohad numerous of times has said that even he cant explain what Tau is about.
Ofcourse there is another thing: how Ohad threats his investors.
I can tell you how,he doesnt care one bit about them,they already gave him their BTC ,now they will wait for a miracle.
Numerous of people have asked on the IRC ,for him to do weekly or monthly update to share some light about the project, he doesnt care one bit.
Maybe he thinks that all of his investors are sitting on hundreds of BTC like him, i dont know.I have seen lines from him to investors in the IRC like:
"sell than, i dont care,leave me alone, my only obligation to the investors is to release a product".But he never gives timeline,it can be done in 2020,in 2030 or 2050......
Imagine the investors that participated in the last sell of tokens in June ,their coins are locked till the release of Agoras.Can you imagine that....
At the moment, it is on stage pre-alpha, than tml,alpha, beta, tauchain and than Agoras.
Recently he stated that his investors won money ?!!
13:07 < naturalog> most of them earned
13:07 < naturalog> most of them bought way below 20 cent a token"
Imagine that,im quite sure that maybe all of them lost in BTC ,cause when you invest in something
with your BTC,you expect to get more BTC from it, but im sure that Ohad is on much higher logic and he must be right, you must know he is never wrong.....
There was big hype about the new code, the "long blog where he would explain everything to the investors".
So there was a code,ofcourse there are no reviews ,other than dana edwards who is one of the few people interested and still invested in the project who
tries to promote it,who tried to do some reviews, but ofcourse he couldnt quite do that,cause noone understands what is going on .Only dana edwards from all the experts,all the devs.....
The blog,was supposed to explain everything from June , was named as " should be considered as short white paper",when many times it was said that the white paper could not be done cause it was so big and it could be long as a thesis and will take forever...yet the shortened white paper is 50 sentences...About the code he stated in December:
15:25 < naturalog> high quality innovative and useful (for various industries) code will be on github this year that's for sure
Can i ask Mr.Ohad , Can you share some of the industries that are using your code, or some of the companies that asked you to implement it?
I know the answer.It will be: leave me alone, you are just another troll.
This post has become so long ,but there are alot of bad feelings,memories and anger from this project that this had to be said.I have invested in alot of projects ,but i never imagined that i will end up in such where there is zero respect to the investors and their hard earned money.
From the things i read for more than 8 months, Ohad may be highly intelligent person,but on the other side i feel that he is extremely selfish and doesnt care
about anyone else than him,and the only reason that this project is not yet named as a scam is that he has put his face behind it and continues to postpone
everything to infinity.
For the new investors, if you want to give your money for something that noone knows what it is,with no team,with no roadmap,with no updates,that will be completed
when it is completed go ahead it is your money.
we all humans at the end of a day and need to be with our feet on the ground. This is not a regular project though and requires some balls to invest, high risk = high profit potential. Do you really think it's a problem to wrap the whole thing in some very shinny package if all the intentions is to rip off the investors? about 90% of projects on coinmarketcup do just that, they say to investors the words they want to hear.
