What is going to stop dev team from just minting and selling erc20 tokens on other exchanges?
To issuing TAU Stable (TAUT), foundation need to lock up certain coins in an address to show the public, then trade TAUT on ERC20 exchange will not create double value. The reason for TAUT is to help third party exchanges to trade TAU without infliction, not selling. TAU has its own exchange TAU-X, we only sell 60,000 coins per swap. 
Topic: TAUCoin “Proof of Transaction” - features debate and bounty for 12 months - page 11. (Read 26488 times)
October 02, 2018, 02:30:40 PM
October 02, 2018, 06:23:57 AM
What is going to stop dev team from just minting and selling erc20 tokens on other exchanges?
October 02, 2018, 03:22:49 AM
I have been participating in their bounty. Offering a bounty to just create awareness without actually having any plans to do an ICO is starting to become more popular. I am also doing the Bounty for DarkPayCoin which is a MN/PoS privacy coin that is growing itself organically and relying on Masternodes and staking for the bulk of its coin creation. The nice thing about both projects is since the reward is not tied to the success of the bounty you don't have to wait until the end of the bounty to get your payment.
What amaze me most is that the Taucoin developer itself can sustain and understand the blockchain tech. Most cases, you cannot see a project CEO participate on the conversation with regards to the project. I've noticed it well on most ICOs that their Founder usually just asked hows the token sale improvement? Business freak is the terms for those, but Taucoin Founder and CEO discused what is the benefit of their project on the community and listen to every advice for the project's benefit. Im clearly hook by the idea and concept Taucoin bring and more likely, I am bit excited how it grows everyday. Imaginw 28k users of this project for a short period of time? The crypto enthusiast people are probably will know this and for sure will have the same excitement with me when they discover this one.
October 02, 2018, 05:21:03 AM
How will ERC-20 tokens be associated with TAUcoin owners?
How will they be distributed and participate in the community?
Love raising questions. Regarding support third party exchanges without infliction, mentioned in “plan”. How will they be distributed and participate in the community?
There are more than 3000 exchanges. The best way to make them support TAU coin is to create a ERC20 compatible token that is linked to TAU native coin such as USDT linking USD notes. We call this TAUT.
TAU foundation will lockup a portion of TAU native such as 100 million, then issue 100 million TAUT on ERC20; at the same time, the TAU exchange will support an automatic swap program to allow TAUT holders to swap with TAU holders.
With this all the ERC 20 ready wallets and exchange can use and trade TAU.
October 01, 2018, 08:44:06 PM
Serious bid with a long-term perspective.
How will ERC-20 tokens be associated with TAUcoin owners?
How will they be distributed and participate in the community?
How will ERC-20 tokens be associated with TAUcoin owners?
How will they be distributed and participate in the community?
Probably can't cause they have different blockchain. But ethereum can possibly do a joint venture by acquiring or adopting some part of Taucoin concept such as addition of POT to their system. But this is quite a notch to do it. Proof of Transaction still at early stage but will likely to scare big coins on the future. Devs here are serious enough to pulled off a big achievement such as 27k wallets, more than 500k transactions and few miners that incurred during the past months. They dont do any ICO instead a community raise awarenss about their project is a bold move. Only matter of time before the whole crypto space hear them on some news outside the sphere. Plus will release their own exchange on the coming days ( October 18, 2018) will watch out for their development from time to time.
October 01, 2018, 09:49:35 PM
I have been participating in their bounty. Offering a bounty to just create awareness without actually having any plans to do an ICO is starting to become more popular. I am also doing the Bounty for DarkPayCoin which is a MN/PoS privacy coin that is growing itself organically and relying on Masternodes and staking for the bulk of its coin creation. The nice thing about both projects is since the reward is not tied to the success of the bounty you don't have to wait until the end of the bounty to get your payment.
October 01, 2018, 07:31:42 PM
Serious bid with a long-term perspective.
How will ERC-20 tokens be associated with TAUcoin owners?
How will they be distributed and participate in the community?
How will ERC-20 tokens be associated with TAUcoin owners?
How will they be distributed and participate in the community?
October 01, 2018, 05:48:32 PM
Summary: an experimental green, secure and pervasive crypto currency without inflation
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network
- fight 51% attack
Detail The plan for next 12 months is bold and intensive in following areas.
- Accumulated transaction history in an address will determine the probability to generate next block.
- Mining has to be permission-less and low computing power for mobile device. It shall not encourage hardware arms race or asset hoarding.
- Fight 51% attack — 51% attack is unavoidable on decentralized ledger according to Satoshi. With 51% power, one can do both short range (double spend, censorship) and long range attack. Checkpoint is used to contain long range attack in all POS, TAU will inherit that. For short-range attack, when POT blockchain lives 10 years, in order to secure 51% POT power, one need to either secure enough miners’ private keys to get power or build own power for same time period years. The older the chain, the harder to achieve due to time can not be created.
To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.
We invite you to debate above points. The bounty reward is 10M tau and waiting for you to take.
-12 months - 10 million TAU Debate Bounty Mechanics;
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- The team will choose the up to 5 qualified participants weekly.
- The chosen 5 will be subject to voting system.
- Winners will be evaluated into three (3) voting category
33.33% for the Twitter
33.33% for the Telegram
33.333% for the Discord
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
1st Prize; 100,000 TAU
2nd Prize; 60,000 TAU
3rd Prize; 40,000 TAU
- Winners will be posted in bitcointalk, taucointalk, TAU Telegram and Discord channel https://discordapp.com/invite/ydhx3um
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network
- fight 51% attack
Detail The plan for next 12 months is bold and intensive in following areas.
- Accumulated transaction history in an address will determine the probability to generate next block.
- Mining has to be permission-less and low computing power for mobile device. It shall not encourage hardware arms race or asset hoarding.
- Fight 51% attack — 51% attack is unavoidable on decentralized ledger according to Satoshi. With 51% power, one can do both short range (double spend, censorship) and long range attack. Checkpoint is used to contain long range attack in all POS, TAU will inherit that. For short-range attack, when POT blockchain lives 10 years, in order to secure 51% POT power, one need to either secure enough miners’ private keys to get power or build own power for same time period years. The older the chain, the harder to achieve due to time can not be created.
To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.
We invite you to debate above points. The bounty reward is 10M tau and waiting for you to take.
-12 months - 10 million TAU Debate Bounty Mechanics;
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- The team will choose the up to 5 qualified participants weekly.
- The chosen 5 will be subject to voting system.
- Winners will be evaluated into three (3) voting category
33.33% for the Twitter
33.33% for the Telegram
33.333% for the Discord
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
1st Prize; 100,000 TAU
2nd Prize; 60,000 TAU
3rd Prize; 40,000 TAU
- Winners will be posted in bitcointalk, taucointalk, TAU Telegram and Discord channel https://discordapp.com/invite/ydhx3um
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