Why does the website seem completely basic and un-updated for over 2 years? Am I looking at the correct website?
yes that is the website
here are a few answers :
Ohad has postponed the full whitepaper to work on coding which has begun for a while now. Tau is just too technical for almost anyone else to explain, so Ohad has to manage his time between research/coding and writing the paper.
Eventually a video lecture series, polished website and whitepaper is planned, but for now the focus is on getting something tangible out, I think that's ultimately what we want to see.
More on topic, this is by far the most revolutionary project in the crypto sphere.
It isn't merely shoving more code into the blockchain or tinkering with the chain itself like so many out there, it aims to completely reinvent the entire online experience by introducing a logic based automatic reasoner that accrues knowledge the more we use it. And due to its self defining and self amending nature, it could very much be the end game tech that will take us all the way to the singularity.
This is a feat that's at least on par with what the original bitcoin was able to achieve over conventional databases, and far beyond what any other project has been able to do in terms of improvements over the original bitcoin.
Ohad's approach is to focus on refining his design to near perfection and communicate this design in a clear and robust way in the whitepaper before writing the code. This will ultimately lead to a far superior product.
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Ohad has been very candid with his progress and he appreciates everyone's patience and support. He is honestly the most intelligent and knowledgeable person with whom I've ever interacted and I have very high hopes for this project.
With regards to price behavior on bittrex, I think we are all humbled by the reception it's getting. There has obviously been a lot of hidden eyes on Agoras to command a trading volume of over $7,000,000 in the last 24 hours. Of course, all traders and speculators are welcome, but no one can guarantee what the price will be the next day, or hour or minute. So please trade responsibly.
I am a strong believer in the long term prospects of Tau/Agoras and have all my coins locked. I would invite others to truly spend some time getting to know what this project is about, and maybe you'll be as impressed as I am.
... but first let them choke on the code for a while. 
