Topic: Trestor Foundation - Tech Draft / Q & A (Read 9029 times)

Seems quite weird that people are pming you and saying they feel unsafe you need to do something. I mean no one is forcing them to invest or buy and trests. Not really sure what their is to feel unsafe about

As an owner of SOCAPSSI I take umbrage with several elements of this article written as is. First and foremost SOCAPSSI is in a private/public partnership with CNPS which in and of itself is not "the government of Cameroon". As to the direct quotes above by Dr. Antoine de Padoue NDEMMANU - they must be taken within the correct context. How can I have a rebuttal statement published to clear the good name and mission of SOCAPSSI?
From the comments under the article where Kunal sent that whatsapp thread to Coin Telegraph.
http://cointelegraph.com/news/114655/cameroon-government-implements-centralized-altcoin-trest

If you do want a thread like that, please go ahead.
I would like you to notify them as well. In fact, please do.

I do have PM's/ emails/ posts/ requests from several members of this community, who feel unsafe about them and did request my opinion/ involvement. Would be glad to explain that to someone who understand what a Mod does.

I have hardly made any posts across these threads and this senseless banter keeps getting drawn to me.

SockPuppets and their time wasting efforts.

Thanks for the explanation. So when does a thread becomes resolved?

U mark it as solved when questions have been answered which Trestor seems to have done.

So every time there is a new question you will mark as [UNRESOLVED]?

Seems a little unusual to me unless of course you have issues with the project.

It's normal the community asks questions but is not like Trestor hasn't been replying to questions is it?

Also why do you link a thread which a community user has created to the trestor account?


I could go and create a thread and say Benson Samuel the India subforum moderator has a problem with Trestor and he's trying all he can to make them look like a scam.
The I can create another one, and another one, or another user could create another. Will you link them together too?

This is just an example, I may have to notify some of the other moderators and admins on this forum and see if they think this is normal practice and they feel it's ok.

I replied, on the other thread, you got the numbers wrong. Check it out. This is the first time I see threads marked [UNRESOLVED] in the whole 2 years I've been on BitcoinTalk.
I've seen many threads as mentioned before where people were calling projects scam but never a mod went and marked a thread [UNRESOLVED].
Also one of the threads has not even been created by trestorfoundation but by user Skang so I don't see why it should be linked to their other 2 threads which they have created.
Some unusual practices in the India subforum for some reason. Can you explain?

I just read Trestor's comment on the other thread you pointed out, but where does it say $4 million USD worth of sales?
Not even in the articles on that thread there is a mention of that.

And I don't see their mention of being at early stages on that same thread.
One thing though with 4 million dollars things should move pretty fast development wise.

I will go through the other threads later, got some work to do too! LOL

http://www.ummid.com/news/2015/June/20.06.2015/trestor-partners-with-cameron.html

Quote
Currently, Trestor has recorded a global sale of $3 million trests (the currency) and an India sale of over $1 million. "India accounts for 35.6 percent of our India sales," Dixit said.

https://bitcointalksearch.org/topic/m.11423036 - May 19, 2015, 07:24:45 PM

Quote
As you can read on our website, one of our primary goals is that all the software involved will be open source. At the moment, we are still in a very early stage of development. (Our project is not a (direct or indirect) fork of the Bitcoin software (unlike the dozens of altcoins, who did nothing but change the logo in bitcoin-qt and some parameters like block generation rate). That's why it takes some time.)

From what I read so far it looks like they have been around for a while and what I see on their website is a huge team of people and have quite a few experts in different fields.
I cannot say the same for many other altcoins, some of which you don't even know who the developers are. Trestor seems pretty open and public. I consider that positive when I try to make my mind on a project.
They also have 569 retail partners in 65 countries according to this: https://trestor.org/locate-retail-partner so $4 million USD doesn't sound like it's impossible to achieve.

I have been interested in checking out this thread, and others in the Indian subforum, about Trestor because I have read about them on the news.
On one of the articles I found a link to BitcoinTalk, which brought me to the Indian subforum.

This is where I'm going to start my research.

First of all I have checked the whole Indian subforum and found 2 threads which have been marked as [UNRESOLVED] by the mod, Benson Samuel as clearly shown in big Red Letters on another thread.
Now I look a this thread first and I will post on the others in due course after I learn more about what is happening.

I have checked Trestor's website and dowloaded their App, read quite a bit about them in the news and my impression is not as bad as it is being depicted by some of the critics.
My first impression is that the main account trestorfoundation has been actively replying to questions and, to be honest, it has actually been attacked quite a bit.

The thing that buffles me is how on hearth a forum moderator with a hero status seems to be getting personal and running a campaign to discredit the project and its leader.
My understanding of the function of a forum mod is to make sure threads are posted in the right place, remove non related content to the topic or section in question, spammy content, etc.
I also thought that a forum mod would be someone who is objective in his/her judgement when commenting on a thread he/she deems needs moderation.

But I never thought that a forum mod should at any point get personal and run a smear campaign against a project unless the project has been proven to be at fault or a scam as it is being claimed.
What it looks to me, from someone who just read this thread for the first time is that one or two members here had some of their communications and/or personal info posted on another thread.
So I understand where the whole passionate debate comes from. Still I would expect the moderator to be fair, give the benefit of the doubt until there is 100% proof of scam, but mainly be objective while performing is role.

I have been on many forums reading around as I am interested in new projects that come out. I have never seen a moderator act like Benson, impulsively, and being personally attacking a project.
Now I don't mean to disrespect Benson here but I suggest to leave personal issues with forum members out of the conversation when acting as a moderator.
You are not representing BitcoinTalk in a very good way and are acting irrationally. I've been reading this forum for over two years and I never seen a mod act like this.

I suggest to step back a minute, breath in and calm down. Let Trestor answer their questions as I'm interested to hear their answers.
Sounds like Trestor is working to release some news soon. Let's wait and see, no need to keep trolling, because that's what it looks like to me.

PS: What is it exactly that Trestor hasn't answered here that this thread deserves [UNRESOLVED]?
Is it the questions here? https://bitcointalksearch.org/topic/m.11486901

I wouldn't know how to answer these if I were in the same position. They are not related to project itself but more assumptions from a forum member.
And because of that the mod adds Unresolved? Please specify what needs answering.

You will say you posted only publicly available info.. Really? What about the email trails with Benson and the Whatsapp screenshots. How is that publicly available?

The thing that buffles me is how on hearth a forum moderator with a hero status seems to be getting personal and running a campaign to discredit the project and its leader.
My understanding of the function of a forum mod is to make sure threads are posted in the right place, remove non related content to the topic or section in question, spammy content, etc.
I also thought that a forum mod would be someone who is objective in his/her judgement when commenting on a thread he/she deems needs moderation.

How to get this thread marked resolved. Any suggestions?

Trestor Team
www.trestor.org
@trestorconnect

You have been posting private and personal information on the forums which is very frowned upon, not only in Bitcoinland but everywhere.

You will say you posted only publicly available info.. Really? What about the email trails with Benson and the Whatsapp screenshots. How is that publicly available?

Dear Escrow.Ms,

We like good questions and constructive criticisms.

Your questions and criticisms are neither good nor constructive.

Maybe we can help you improve your questioning skills by asking you some basic questions about Coinsecure in another thread.

This is how you ask proper questions: https://bitcointalksearch.org/topic/m.11479103

Let this thread be for others with constructive questions like Buysellbitcoin, Polynesia, btc_enigma and BitCoin Dream.

Thank you for understanding,

Trestor Team
@trestorconnect
www.trestor.org

What's the benefit in reinventing the wheel?
While Satoshi's aim was decentralisation, our aim is to use decentralisation to fix a long standing economic issue, it's called "free rider problem", please take a look at the last 3 pages of our tech draft.  

Why should someone buy trest?
It's a great risk adjusted return investment.

Why the heck you guys want to become market makers? monopoly much?
Market makers liquidate the market with buy/sell orders. It's healthy for all market participants.

Could clear some of our doubts:

Why did you refuse Kunal’s direct offer to explain Trestor over a call?
Why did you post hate reviews on Google play store?
Why did you remove your review?
Right after you removed your hate review, 2 new hate reviews from fake accounts were posted. Any Ideas why?


Kunal's offer: https://drive.google.com/a/luckysingh.com/file/d/0BzuzOKeV6qgxZF9JMU9nUjRRc3c/view?usp=sharing

Fake reviews: https://drive.google.com/a/luckysingh.com/file/d/0BzuzOKeV6qgxUjA1dnprUlB6emM/view?usp=sharing
 

Dear Bullsellbitcoin, Thank you for your wonderful questions.

Our cryptocurrency, "Trests" do not enter the system only via Trestor volunteers/employees.

In our reply to Polynesia, it may seemed that way because we were specifically referring to founder/volunteer/employee compensation and not the overall distribution of Trests into the open market.

Trests are pre-mined, they can be purchased by anyone via our website or by visiting any of our Retail Partner locations worldwide, very soon, anyone anywhere will be able to earn Trests by helping create "Public Goods" for their neighborhood, details on that will be out before 1st July 2015.     

Trestor Foundation:

1. Cannot create new additional Trests
2. Cannot control the price of Trests
3. Cannot stop/alter any transaction
4. Does not have access to anyone's Trestor account
5. Does not control Trestor Network after our source code is released

Trestor Foundation exists to help and grow Trestor Network and Trestor Protocol. We will be active market makers so that "Trests" can be bought and sold in large quantities, without affecting the price.

Once the source code is out, Trestor will be fully decentralized yet backed by a very potent and proactive Trestor Foundation. I hope this answers your excellent questions, we will be happy to answer any subsequent questions.

Trestor Team
@trestorconnect
www.trestor.org

Polynesia, Great questions.

First question: Creating an optimal strategy for token distribution was challenging.

Both, Ripple and Stellar gave away tokens out to people and businesses (wallets, gateways/exchanges, early employees, adopters, partnering companies, charities, etc. ) which on the surface seemed like a good idea, it was suppose to create user engagement and a healthy ecosystem. The utility that they hoped quickly got evaporated, ecosystem never got the bootstrapping they hoped for and the token's value seems to be in a limbo.   

Trestor has learnt a lot from other projects, without getting into the details, here is our broad plan.

1. Trestor will not be giving out even one free Trest, to anyone, anytime. Every Trest needs to be earned or exchanged for an item of value

2. Trests assigned to Trestor team are capped at 10% of the total trests

3. Trest payouts to Trestor team members will be monthly, stretched over a 5 year period

As of right now, Trestor Foundation has 4 teams:

1. Protocol team
2. Application team
3. Business and Retail Partner team
4. Public Relations team

Each team will have a maximum of 15 members, each member gets a defined number of Trests every month, based on his previous month's performance.

Performance is determined by voting by all team members, every member participates in a blind voting where they chose the 2 best and the 2 worst performers (for the previous month) in their team.

Top 20% of the voted performers get twice the number of monthly trests, middle 60% get regular number and the bottom 20% get nothing at all. 

This process gets repeated every month thereby creating an environment of co-operative competition.

Second question: Disclosing the total number of Trests is very important to invigorate confidence, we understand our responsibility here and will definitely release the number details in our project whitepaper on or before 1st July 2015. 

Trestor Team
@trestorconnect
www.trestor.org

@polynesia can you please change the name from escrow.ms to stv to avoid confusion as he was the one who wrote that post.

Thanks

There is a fixed number of coins which in the beginning are controlled by the Foundation. This is similar to Ripple, but note the following differences:

- Trestor Foundation is a non-profit, there are no stock holders who personally own these coins.
- As the coins are more and more distributed, the Foundation's control will go down.

There is a fixed number of coins which in the beginning are controlled by the Foundation.

What you will do with the donation money?
- As the coins are more and more distributed, the Foundation's control will go down.
- Since our network is not federated, there are no “better” nodes who dictate the protocol rules. The rules are whatever the majority of nodes decides. Like in Bitcoin, they can be changed if the majority of rules decides to, including the rules about how many coins there are and how they are generated/distributed in the first place.

Trests can be traded at any market place, just like any other coin.

Also, should I be seeing this as a currency which will be added to an exchange, or will be have a centralized control with the founders ?

Care to explain how the coins will be generated and distributed ?

And how will the price be decided ?

Also, should I be seeing this as a currency which will be added to an exchange, or will be have a centralized control with the founders ?

As you can read on our website, one of our primary goals is that all the software involved will be open source. At the moment, we are still in a very early stage of development. (Our project is not a (direct or indirect) fork of the Bitcoin software (unlike the dozens of altcoins, who did nothing but change the logo in bitcoin-qt and some parameters like block generation rate). That's why it takes some time.)

I also do have this account here.



.....
Best,
Stephan

Feel free to discuss technical details with Stephan:  [email protected]

Ok trestor foundation.  Two simple questions

• Is this decentralized ? If yes, opensource the code and let others run a node.  If this is centralized I really don't care what algorithm you use

Ok trestor foundation.  Two simple questions

• Is this decentralized ? If yes, opensource the code and let others run a node.  If this is centralized I really don't care what algorithm you use
• You claim trestor is better than bitcoin . Why are you only posting in India forum. What are you afraid of ?Post this in Development & Technical Discussion https://bitcointalk.org/index.php?board=6.0 or In Altcoins https://bitcointalk.org/index.php?board=67.0 . Let the community experts review your technical draft. And if its any good , congrats to you

Mahin: How Trests are generated? Like Ripple?
   
Anonymous:People pay us money and we give them trestor.

Hello Vennali and Skang,

Thank you for investing your time and effort in understanding Trestor Foundation.

Vennali:

Calling out a scam is not wrong if the claim is backed by irrefutable evidence and at-least one scam victim.  On the other hand, Calling someone a scam, because they have the potential to be a scam is like calling all girls pregnant because they have the potential to conceive. Onus lies on the person "making the claim" to back their claim up with some concrete evidence and not just gut feeling.

Hey @skang , for the benefit of the forum member and many newbies like me, can you explain what points on their algorithm you see are broken or scam like.

Thanks.

Here is just their algorithm, extracted from the tech-draft presented above : http://pastebin.com/bCs37CLb

I don't even want to comment, just read for yourself. Clearly a scamcoin

We tried to answer this by first pointing at the obvious, that Trestor cannot be a Scam if no one got Scammed. You need at-least one victim to call someone a scam. Second, we quickly released our long pending Tech-draft, we made sure to keep the commenting option ON.