Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 94. (Read 309654 times)

That sell order on Bittrex for 20BTC is doing a good job at keeping prices at rock bottom...

Ohad, you really need to get something released in the next 6 months, if you get delisted from bittrex, then its game over.
No one will touch this coin if that happens.

I pray to God it does not happen.

ey sea that order bout 13000sat,,,,, plop its a bag of 150k agrs bout 20 btc

some little btc can be interested just saying

happy and good 2017

its a community driven project. we will see a good community work here and spin-offs, thats what matters.

when there is no trading, because of no one want to touch the coin until its ready to work system, like production ready, with some tasks worked around, its better to be traded on openledger

I didn't know about this coin. Interesting, and probably a bit harder to work around. But what do I know?

Edit:
If only there was a way to do this where the pool would not even know if they had coins stolen from them.

another good reason why Ohad should stop selling the tokens in private agreements and with huge discount and concentrate all the token salling in bittrex, in fixed full price: to have more volume in bittrex for the better of the traders and to avoid delisting.

wonderful, thanks!

Already implemented by “Mr Spread”, Spreadcoin dev - https://bitcointalksearch.org/topic/ann-spreadcoin-true-decentralization-no-pools-testing-new-masternodes-715435


ocminer developed a workaround for pool mining and was able to offer a Spreadcoin mining pool. Nevertheless, the technique seems to have provided some degree of protection from predation by algo-driven multipools and the “encouraged” (rather than “enforced”) decentralisation of mining did seem to be effective to the degree that the (original) distribution profile was more equably spread than is typical for alts.

An adapted version of the technique is/was also employed by Ziftrcoin https://bitcointalksearch.org/topic/announcing-ziftrcoin-release-970363 - described more coherently in the README https://github.com/ZiftrCOIN/ziftrcoin.

Cheers

Graham

today i had a thought about how to solve the mining pools centralization tendency problem. will be glad for your thoughts:

On Bitcoin as it is now, there is an inherent incentive to miners to mine in pools, while it virtually doesn't matter how much mining power they have. The reason is that even though the expected income is theoretically the same if mining with pool or solo, at least for a certain period (due to the halving of the block reward), still the variance of the income is quite high, frequently up to impractical extent. Mining in a pool on the other hand dramatically decreases the variance. So if a rational player has to choose between two options, both have same expected return but one has a significantly higher risk (volatility/variance), the player will prefer the safer option. Especially for miners who take a financial risk by buying mining hardware and electricity, they would prefer to minimize the risk of loss to the minimum possible. That's why everyone mine in pools, and for good reason.

But this situation made many Bitcoin's community member concerned about the centralization of the mining, which implies centralization of other aspects of Bitcoin as well. The tendency is to have bigger and fewer pools, just because it pays for the miners, but is in contrast to the philosophy of decentralization.

Having a slightly closer look, mining is the process of hashing a block's header while incrementing a certain field in it called the nonce. The block header contains also the Merkle root of the transactions hash tree, which in turn contains the address of the pool to receive the mining reward, and share it with the miners afterwards. This way the pool knows that if the miners find a block, they cannot fool the pool by publishing the block themselves and avoiding all other miners in the pool to get their share, since the hash matches only the block header that contains a Merkle root that hashes the transaction of the block reward.

Imagine that miners could indeed steal from everyone a block they found and not share it with the pool members. Then what? Then mining in a pool would turn a bad business, and we wouldn't have the mining centralization tendency problem we began with.

But how can we achieve that?

The point is to require the miner to sign on the block with the private key that corresponds to the miner's reward address. Consider a pool that wants to receive the reward into address X. Then every miner will have to sign the block header with the private key that corresponds to X. We then require the hash of this signature to meet the difficulty level.

This way, in order to verify that a block is valid we don't need the private key of the miner's reward, we just need to be able to verify the signature from the public key which is the address itself. On the other hand, to mine with pools, the reward address' private key must be shared with the miners, which will turn it highly unsecure and eliminate the incentive to mine in pools, since they will be able to take the reward from that address immediately.

it looks like a flavor of ethereum. tau tries not to be turing complete, exactly because it leads to undecidability

Hi Ohad,
It  looks like this project: www.aeternity.com  is very similar to Tau, they also aiming to be "Turing complete" and trying to solve the decidability problem by somehow implementing the decentralized "oracle machine"... I might be wrong though, I am not a tech so they Scientific Whitepaper is chinese for me

very hard to accept what they say there. there is no quantum computer yet that can do the prime number factorization quickly (shor's algorithm), and the d-waves are indeed not that kind of computers. experiments factored only very small numbers like 15. there are many many physicist who claim that large scale quantum computers are even impossible (i heard a serious one saying it's because the background noise).
so it looks like it'll take long time till real and large scale quantum computers will be available, if any.
if and when it happens, bitcoin won't be ready as-is but will require some modifications, specifically the signatures algorithm and maybe also the hash. fortunately, people already know how to do it in a somehow quantum-resistant way.

Ohad, hope your work is going well.  If you have time I'm wondering your opinion on this article:  http://www.newsweek.com/quantum-computers-kill-bitcoin-cryptocurrency-509053?rx=us

Thanks

Very true.  There are also multiple ways to create Tau, Ohad's direction is one that only he understands/believes in.  The future will be very interesting.

+1

Everyone wants this project to succeed, no question.  The question is, can it get made/finished product...

AGRS is less known than it should be due to it's non-existent marketing

this will end up being good for the people who know about the project at this stage.

better for Ohad to focus on the platform and not marketing his idea.  when the time is right he can crank the marketing, gain visibility

this is crucial for the creation of the genesis block as well.

another thing suppressing the price is people misunderstanding the market cap. Coinmarketcap says ~5M, but that's not considering the % of the 42,000,000 that will be burned at genesis.

this is a very exciting project to watch in 2017, a lot of people rooting for Ohad.  He's trying to do something nobody has done before.

this is (and always was) planned for after tau will be ready, or at least some version of it. the time between tau and agoras is the time for more focus on marketing

You guys, a very well-planned strategy with a strong marketing and sales focus might be required to succeed in this project, regards

In 2017, Bittrex will delist Agoras Tokens due to the very very low volume.

Thank you, ohad and Happy New Year!

It is a pleasure to have dedicated the second card within our trading card based video game, Tau the Time Traveller, to this project.



Tau definitely has put our imagination to the test but now he is here.

In case you would like to learn more about what we do, feel free to visit us.

All the best for 2017!