Topic: TAUCoin “Proof of Transaction” - features debate and bounty for 12 months - page 3. (Read 26435 times)

Hi mate, I tried to research but it seems no one really have one yet. I think if taucoin can push through with this without any failure on implementation then chances of mass adoption is easy having the first one to success but we need to make sure that room for failure is a heavy burden along the way. But Im 100% sure the team and devs of taucoin can work this well.

Additional, issue by the way. If taucoin launch a mobile mining how can the tau dev pursue or avoid such authority such as apple censorship? I think when I summarize the requirements for their approval is pretty heavy load of things specially on the legal aspect. I know that the team isnt fan of KYC or vulgar stuff about legalities and Im on this side as well but we need something to work out especially apple is one of the major supply of mobile device.

In my findings I found a coin named Phoneum (true mobile-only cryptocurrency and mining solution) that's how it's entitled, but they are still weak because they use a combination of Proof of work (POW) and Proof of Time (POT).

To them, the more miners on the network, the higher the hashrate and mining difficulty, of course this is normal for any POW users, hence we as proof of transaction, we don't want this. Also there is so called Proof of Time, to them, the more time you spend online, the more you get rewarded, but still a problem because users are automatically excluded from mining the devices are overheated, its also a drawback that we Proof Of Transaction does not encourage excluding miners as they are important part in the ecosystem.

Further more, I even communicated to team and they say "Android runs a modified version java version", but in a closer look, I read their whole white paper seem not to mention anything with regard of full java version inclusion on there mobile mining.

Again, I even installed their mining app (Phoneum Go, anyone can check it just for learning purposes), its truelly mining when you stay online, but one major challenge is, when the mining app shut down due to device overheat, when you restart it, no previously mined record s kept, seems are arased (hahahaaa).......... I also find another called MobileCoin, but seems not to have any information regarding the use of full java version on their mobile mining activities.

All here are limitations in which we can still say no any one who managed to fully implement java version in mobile mining, I hope TAU Coin will stand out and take the lead.

I follow the news about https://whirl.com platform and with each new article I beleive more and more that it is a worthwhile project. The team looks very professional, now they are going to start bounty campaign and pre-ico... I'm not so long ago in such projects but I'm very exciting to see something very interesting like that!

The foundation develoment team 7 poeple are all focus on mobile mainnet. We are looking to address mobile implementation than more functions now. We think getting into mobile first, then grow from there. Therefore, the mining club relationship will be counting only one layer and club wiring function is delayed. With this, we can have a light mobile full node, everyone can use.
Taunopoly game is a natural preset for full node, once node software is ready, you can one key turn on the mining.
The email and facebook signon for wallet is that we think our current value of coins is low, which is an advantage for us. We do not have to make security too much a concern to cause lots of infliction. Coin price low does have some upside in getting more pervassiveness with lower entry barrier.

Yes indeed! There are a lot since the team is starting from ground zero. Every suggestion, comment, interruption, and every thing that concerns TAU's community is of great help to the team. I believe they are doing everything they can right now to protect users and provide us with a better functionality. Mobile wallet, mobile mining, main-net, taunopoly... it adds up and yet we are just starting!

The downside of that is we cannot maintain the price of taucoin when it goes on the market. 0.1tau transaction fee will give you a 0.9 income less the paid 0.1tau fee. Multiply this to number of users who actually do multi transactions daily. It's easy to gain transactions plus if investors and traders know this. The smart ass people will take advantage of it to create massive transaction. Can I ask if the equation is 0.1 tau transaction fee equals to 1 tau rebate? If you will do it like this then everyone will likely to increase their transaction cost to maximize the rebates. I suggest that we shouldn't have a reward even the they increase the transaction or it is automatic depends on volume will be transacted? per transaction it should be only increase based on the number of transactions recorded on each user not based on the amount of they used in transactions. So whales cannot manipulate it and have a fair rule amongst everyone.

I think there is still a lot that needs to be improved from the Taucoin platform. Among them: The use of a private key wallet has not been functioning, meaning that when we enter a new wallet, we must enter with Facebook or email, cannot use the private key to enter. Secondly, the android application cannot transfer Coin, only serves to receive Coin.

I think main-net is ready to go already. Devs are just trying it to go with mobile mining and taunopoly for a smoother transaction when all of them is up. We are all excited already to see this new feature. I myself is more intersted with the game because it can have or even more, mining power to an individual or a mining club. Whichever comes first, the community will be ready to take action and take the blockchain by flood.

I believe so much in this project as much as others who are earlier than me in this endeavor and every step of the way will be savor up to its last best bites then to another development again. I am wishing the team best of speed and skill so that we could all continue stronger! Kudos grupo. Great job.

I will have more questions in the future with our white paper as well as everything that pairs with TAUcoin. Now that taunopoly has come into discussion, I believe the team should have a deadline for this before the year ends, if possible.

I see, but you need to think that  some people will also enlighten by the fact that POT is created to leverage income by means of transaction. Right? We can not deny the fact that peer to peer for taucoin is done by payment of selling and buying. Not until a solid app relating to taucoin services is deemed created. Like game app which accept taucoin as reward. Dont be angry but st the end of the point, if the purpose of taucoin in the first place isnt profit why it is created? I think all crypto aside from being useful on such business was purposely created to gain revenues. This is funded by imorpheus, he bleed some money along the way. It's hypocrite to say that he didn't think of earning profit as well by introducing this? Maybe its not priority but we cannot say that it isnt also for that purpose.

I am so glad that we are having this lists of priorities. As for the main net, I do think we do not need to pressure the team to hurry as we all know that time will only tell when this development will take place. I personally do not want to put a pressure on the main net issue but since it's on the FIRST priority, does this mean we are expecting it to be sooner than the monopoly game launch? Monopoly seems interesting especially that we do not have a price yet so people will abundance of TAUcoins will be at risk of spending much and people who have less (like me) will end up saving up more in the future. It could also mean that those who have less might less participate in the monopoly game.

51% attack resistance is to be maintained at all times to prevent further damage or loss. I believe we are in the right path to success.

Main-net is overall goal, the priority is:
1. Proof of transaction consensus implementation on java mobile device such as android.
2. Monopoly game - mining power and reputation game.
3. Speedup and resisitant to 51%
4. Consensus debate

I wonder what's the teams' priority right now. Obviously it's not the exchanges. Can anyone on the team rank these.

*mobile mining
*main-net
*mining "per se"
*monopoly game
*TAUt
*TAU X
*white paper updates
*blockchain explorer
*other TAU-based apps
 
Anyone can add some or remove some. I guess the community is eager to know which one is of the highest priority. I know the team has a lot of people working on each of their appointed projects and yet we are just more than 2k new wallets per day (I guess). I dont know but I am thinking we are eager to know where we are right now. Main-net should be ranked first, but i dont know..

In POT mining club power computation, after each block, all club power changes. If there are million of address and thousands of clubs in mobile network. To compute these info take big power of cell phone. We want to use epoch to make sure the computing does not have to be instant. The current epoch n only use power computed in n-2 epoch. So that the cell phone can have entire epoch to computer. Each epoch could 1 hour.
like to hear the discussion.

The foundation development team is focusing on implement java based full mobile device mining node. we found that bitcoin does not have full java version. if we launch java version, we will be first alt coin having full java implemention which supports mobile devices like android.
Anyone know any coins having full java implementation? thanks.

For the upcoming main-net, we are still using transaction numbers as counting not the transaction fee. with epoch, we believe the transaction numbers accounting is able to resist spam. looking forward to more debate.

Question is, are there people right now doing that? it will only give advantage to teh first people who will actually do it. And we have to wait for the mobile mining launch to see its effects. The first 1000 members might not even be aware of this mechanism. even so, community will not grow basically just by adding transactions. It could be that only one person is doing ALL these transactions.

“Says” don’t work. But if you really pay, for example, reward in 1 tau for a transaction in 0,1tau fees to the first 1000 members of the community, the community grows exponentially to 1mln, 2mln, 10mln etc. That growth will stop only you stop pay reward. It looks like a typically Ponzi scheme. On the planning horizon in 5-10 years we lose all in that case. At the initial stage, it maybe works. Need to stop in time.

No it isn't. Imagine if there is no limitation such as reward clipping, many users will abuse it cause they know that the more transactions increase the more mining power. I think the transaction should be in place such as peer to peer or more to say in a natural way not by doing this. 

I'd like to say that if this happens and many adopts to it, mining all 10B coins would be faster. Therefore with the "law of supply and demand", price would go up. (If we have established a price already on TAUX). The downside is, when TAUcoins comes into other BIG exchanges like Binance, Okex, Huobi etc,.. whales can manipulate the market as they have most of the coins. And even if before coming into exchanges, these whales could also create a dump or pump situation more likely.

Reserv

TAUcoin debate daily topic 10/26/2018

Continuation of reward clipping discussion. What will happen if there is no limit on reward received from one transaction (say, someone pays 0.1 TAU transaction fee can earn 1 TAU later from this transaction)? Imagination please