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Title: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 02, 2015, 03:43:59 AM https://i.imgur.com/SrAIv8o.png (http://trestorfoundation.org) Trestor Foundation WORKING TOGETHER, FOR A MISSION We are a proud team of geeks & hackers. For us, joy of learning supersedes our ego.
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TRESTOR.ORG (http://trestor.org) https://i.imgur.com/c5xcIjG.png (http://trestorfoundation.org) Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: jwinterm on July 02, 2015, 03:48:44 AM Nevermind, clicked through to trestor.org. Still looks like a money grab. Good luck grabbing some money :P Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Ecnad on July 02, 2015, 03:52:54 AM So... every time you get called out as a scam, you just go away for a few months, then come back with a new account and act like this is new?
https://bitcointalk.org/index.php?topic=1057794.0 Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 02, 2015, 04:02:20 AM Seriously...and I wanted to like you guys. Fuck off with your retarded attempt at a $1bn valuation (100b * $0.01 sale price). There is no way that you do anything besides screw the suckers that buy into that.
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: chokho on July 02, 2015, 04:08:49 AM Nevermind, clicked through to trestor.org. Still looks like a money grab. Good luck grabbing some money :P Here is the team: trestor.org/about So... every time you get called out as a scam, you just go away for a few months, then come back with a new account and act like this is new? https://bitcointalk.org/index.php?topic=1057794.0 Trestor seems to have actively responding to the questions on various threads. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 02, 2015, 04:10:31 AM Nevermind, clicked through to trestor.org. Still looks like a money grab. Good luck grabbing some money :P So... every time you get called out as a scam, you just go away for a few months, then come back with a new account and act like this is new? https://bitcointalk.org/index.php?topic=1057794.0 Thanks for the warm welcome. ;) We are very open, you can see our team on our website, we have three offices and 599 retail partners around the world. We have been around for two years already and counting. We are building new partnerships everyday. The new account is to reflect the Token name "Trests" as we are in the altcoins subforum. Feel free to ask away. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 02, 2015, 04:17:18 AM Seriously...and I wanted to like you guys. Fuck off with your retarded attempt at a $1bn valuation (100b * $0.01 sale price). There is no way that you do anything besides screw the suckers that buy into that. We didn't have an ICO and we are not planning to have one either. Compared to other altcoins in the space it's probably a better start. Nobody is obliged to purchase Trests, however we do get a lot of interest and our Retail Partners are happy to work with us. That is the best feedback we can get. Our customers are able to transfer value from one country to another with 0 transaction fees from the palm of their hands through our Android app. We will soon be releasing a Chrome based app for desktop users too. Watch this space some more great news are in the pipeline. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 02, 2015, 12:55:06 PM https://i.imgur.com/JR2Iytl.png Find out more about it here (https://trestor.org/greece). Click here (https://trestor.org/locate-retail-partner#headerGreece) to view Retail Partners in Greece. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 02, 2015, 01:14:10 PM Seriously...and I wanted to like you guys. Fuck off with your retarded attempt at a $1bn valuation (100b * $0.01 sale price). There is no way that you do anything besides screw the suckers that buy into that. We din't have an ICO and we are not planning to have one either. Compared to other altcoins in the space it's probably a better start. No, it's not an initial coin offering - it's a post coin offering at a terrible price. If I buy Trests @ $0.01 ea, can you recommend a vendor that will buy them back from me at a similar price? Nobody is obliged to purchase Trests, however we do get a lot of interest and our Retail Partners are happy to work with us. That is the best feedback we can get. Our customers are able to transfer value from one country to another with 0 transaction fees from the palm of their hands through our Android app. We can already transfer value one country to another with a fluctuating price token. It's called Bitcoin. Or Litecoin. Or Doge. Or.... Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: 2bacco on July 02, 2015, 01:16:08 PM A real world company here
Quote there are currently 599 Retail Partners in 63 Countries that support the development of the Trestor Network and Trests. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: coinking on July 02, 2015, 05:00:14 PM I like the transparency. This team has taken a lot of grief but have actually addressed concerns brought up on other threads. It will be interesting to see how the price reacts over time. Good luck guys!
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 02, 2015, 05:04:34 PM I like the transparency. This team has taken a lot of grief but have actually addressed concerns brought up on other threads. It will be interesting to see how the price reacts over time. Good luck guys! Really? Seeing Trests bought at $0.01 ea only to have them worth $0.000001 a few seconds afterward is going to be tragically hilarious, unless you find lighting your money on fire interesting. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: chokho on July 03, 2015, 05:23:52 AM Really? Seeing Trests bought at $0.01 ea only to have them worth $0.000001 a few seconds afterward is going to be tragically hilarious, unless you find lighting your money on fire interesting. We have seen other cryptocurrency IPOs where similar things have happened, so this was too obvious to not miss. :) To keep the market stable and healthy, Trestor Foundation also participates in it. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 03, 2015, 09:48:53 AM No, it's not an initial coin offering - it's a post coin offering at a terrible price. If I buy Trests @ $0.01 ea, can you recommend a vendor that will buy them back from me at a similar price? Our Retail Partners allow you to buy and sell Trests in locations all over the world. We can already transfer value one country to another with a fluctuating price token. It's called Bitcoin. Or Litecoin. Or Doge. Or.... With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 03, 2015, 12:26:22 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: stv on July 03, 2015, 02:08:46 PM This is Stephan, protocol designer at Trestor.
There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. In our protocol, a large majority of Validator nodes is required to agree in order to change the ledger. A law enforcement agency or any other powerful entity would be required to either force a lot of node operators from various jurisdictions to cooperate, or to set up a large number of their own nodes (which would require a large amount of deposits and will not stay undetected). Trestor does not require fees, because running a Validator node does not require nearly as many resources as running a Bitcoin miner. The idea is, that these nodes are voluntarily run by enthusiasts and organizations (e.g. universities), like we all know it for Tor nodes. The incentives to run a node are of course very different from the incentives why people mine Bitcoins, but that does not change anything about the fact that they are run in a decentralized way by a variety of parties from different jurisdictions. The hardest problem is to bootstrap the whole network. In the beginning, when the number of Validator nodes is small, the deposit required to run a node has to be set high in order to effectively secure the network. Our plan to get the network started is that the Trestor Foundation will provide organizations, which are willing to run a node, with the required deposit amount. A reward-based proof-of-stake system is very hard to secure, because there is no way to prevent stake-owners to sign multiple conflicting ledgers with their stake. Some even say that reward-based proof-of-stake systems are completely impossible. We are not doing anything like that. In our system, fees would make no sense, because there is no competition among Validator nodes like we know it from miners. Who is supposed to get the fees, after a majority agreed on a new ledger update? Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: CryptoRev on July 03, 2015, 02:14:11 PM Wouldn't comment on their tech because i haven't studied their Tech draft or white paper yet. But i surely appreciate the way the have been persistent with explaining themselves to their critics. Will comment more after go through their white paper.
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: starsoccer9 on July 03, 2015, 07:54:49 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Kunal on July 04, 2015, 11:37:19 AM Hello Community Members,
I work at Trestor, look forward to engaging and meaningful conversations about Trestor project here. Kunal Dixit Founder Trestor Foundation Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 05, 2015, 06:45:35 AM https://i.imgur.com/5rpdR9w.jpg Trestor's €2,000 Crypto Loans Could Beat Bitcoin at Aiding Greece “One of our investors convinced his pharmacist to accept trests because the pharmacy declined to accept his credit card. Another person was able to get his gas filled with trests in a cash-only gas station. This third one is pretty unusual: a guy was able to negotiate '12 eggs and a loaf of bread' for 440 trests.” — Kunal Dixit, founder of Trestor https://i.imgur.com/i4wkxnw.jpg Read the article on CoinTelegraph (http://cointelegraph.com/news/114749/trestors-2000-crypto-loans-could-beat-bitcoin-at-aiding-greece). Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: fordlincoln on July 07, 2015, 08:55:11 PM Interesting article in Cointelegraph.
I am looking forward to understanding more about the consensus in Trestor "By October 1, Trestor Network will primarily be powered by academic institutions, running full Trestor nodes across the globe. Our consensus is not PoW [proof of work] or PoS [proof of stake], or Ripple/Stellar. Our process takes the best of proof of stake and the Ripple/Stellar-type voting-based mathematical guarantees, and merges the two ideas to create a new network consensus system. We call this “asymmetric proof of stake” (aPoS)." Kudos to the team for opensourcing the code on Github https://github.com/Trestor/trestor-crypto-ObjectiveC (https://github.com/Trestor/trestor-crypto-ObjectiveC) Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 08, 2015, 01:05:40 AM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: jwinterm on July 08, 2015, 03:59:02 AM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. Andre says, "OBEY" http://logonoid.com/images/obey-logo.png Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: mmm01 on July 08, 2015, 08:40:00 AM On the thread "Critical problems with Trestor" the foundation states "Justification for Pre-Assigning is strong but complex, therefore it will be detailed in our whitepaper."
https://bitcointalk.org/index.php?topic=1057794.msg11720185#msg11720185 Your whitepaper seems to describe the technical aspects of your coin (securing the network), but not why this coin is 100% pre-assigned. If I missed the explanation I apologize and could you please point me to it or state the reason for it here? Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: fordlincoln on July 08, 2015, 07:03:18 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions. If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes. There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: starsoccer9 on July 08, 2015, 10:00:00 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions. If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes. There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes. Yes, I would say atleast Trestor is currently better than Ripple where now you need to fill out AML and KYC and they can just reverse transactions. Its basically paypal at this point Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 08, 2015, 11:15:26 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions. If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes. There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes. I agree - this isn't much different than Ripple. They can effectively roll back transactions and this should be one factor determining whether or not users want to participate. It's fine that Trestor doesn't want to use mining to distribute or secure their network - they just can't sweep it under the rug as "more efficient than the waste of electricity in PoW". If it was as simple as that, Bitcoin wouldn't be the market leader nor would Litecoin be 2nd. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 08, 2015, 11:18:09 PM Our Retail Partners allow you to buy and sell Trests in locations all over the world. Please provide one example of a retail partner that advertises their prices on their website, transparently. With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +. Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable. There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions. If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes. There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes. Yes, I would say atleast Trestor is currently better than Ripple where now you need to fill out AML and KYC and they can just reverse transactions. Its basically paypal at this point You will need to do AML and KYC to buy Trests or else the firms selling them will be breaking MSB/MTL laws, at least in the USA. There are minimal thresholds, but there is no fully exempting AML and KYC - firms will need to file SARs just the same as Ripple Labs needs to do when they sell XRP to customers. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 09, 2015, 06:43:03 PM Dear mmm01: We have notified Stephan, he will answer your question shortly.
Dear canth, Trestor Retail Partners (RPs) are simply trading a 'token of subjective value', other businesses are able to trade various other similar tokens like old coins, artwork, stamps, etc. without any special trading license. In case of Trestor RPs, token happens to be 'Trests' The fundamental difference between Trestor RPs and MSBs is that while Trestor RPs are traders of tokens, MSBs lets a user deposit money and assign it to another person for withdrawal, therefore they are participating in money transmission and generally charge a transmission fee. Trestor Team @trestorconnect www.trestor.org Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on July 09, 2015, 06:59:45 PM Dear mmm01: We have notified Stephan, he will answer your question shortly. Dear canth, Trestor Retail Partners (RPs) are simply trading a 'token of subjective value', other businesses are able to trade various other similar tokens like old coins, artwork, stamps, etc. without any special trading license. In case of Trestor RPs, token happens to be 'Trests' The fundamental difference between Trestor RPs and MSBs is that while Trestor RPs are traders of tokens, MSBs lets a user deposit money and assign it to another person for withdrawal, therefore they are participating in money transmission and generally charge a transmission fee. Trestor Team @trestorconnect www.trestor.org I don't want to argue and I'm sure that you've vetted this with some lawyer, but suffice to say that I don't think this will stick. I suggest you peruse sections B and C of the following document. http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html (http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html) Your RPs are selling cryptocurrencies, full stop. As a firm that does this at a retail level, I'm certain that MSB/MTL state regulations apply as does the BSA. Best of luck if you think that your stores can do this without getting regulated and without filing necessary reporting at a state and federal level. It doesn't matter that you want to make a comparison to old coins, artwork, etc - FinCEN doesn't give a damn about those things or stamps but they do care about virtual currencies, which Trests clearly are. Hell - check the subject in this thread where you reference it as money. :) Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 10, 2015, 04:52:01 AM Dear canth,
It's very refreshing to answer your logical questions, most people don't care about doing their homework, we really respect the time you have spent in digging out the legal facts here. 1. Sub section (b) is not applicable to our RPs or Trestor Foundation because of 2 reasons: a. There is no administrator b. RPs don't qualify as receiving financial institution Reference: https://www.law.cornell.edu/cfr/text/31/1010.100 2. Sub section (c) is not applicable to our RPs, but may be applicable to Trestor Foundation, however, we are very confident that our compliance narrative is bullet-proof Most important thing to understand here is what FinCEN thinks about its own guidance: This guidance explains only how FinCEN characterizes certain activities involving virtual currencies under the Bank Secrecy Act and FinCEN regulations. It should not be interpreted as a statement by FinCEN about the extent to which those activities comport with other federal or state statutes, rules, regulations, or orders. FinCEN recognizes that the actual indictment probability arising from these guidance is low, not only because of overlapping laws but also because of definition complexity. Trestor Team @trestorconnect www.trestor.org Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: bitcoin1387 on July 10, 2015, 05:46:32 AM I predict losses of Bitcoin for any one to invest in it. I feel no security with the photos such a team that has no name.
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 10, 2015, 11:42:56 PM I predict losses of Bitcoin for any one to invest in it. I feel no security with the photos such a team that has no name. Thank you for the feedback. They are group pictures it would be hard to add the name of each team member depicted to the OP. But you can see all of our core team members on our website with their names and LinkedIn profiles: https://trestor.org/about-us. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Braino on July 11, 2015, 03:11:18 AM Nice work. Definitely going to keep an eye on this one ;)
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 11, 2015, 02:25:08 PM Stephan discussing Trestor project:
http://youmeandbtc.com/podcast/coin_cube-founder-robert-allen-and-trest-developer-stephan-ymb-podcast-e80/ Trestor Team @trestorconnect www.trestor.org Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 11, 2015, 10:04:07 PM How we are helping Greeks escape capital control:
https://trestor.org/blog/greece/ (English) https://trestor.org/blog/greece-greek/ (Greek) Related interview: http://cointelegraph.com/news/114749/trestors-2000-crypto-loans-could-beat-bitcoin-at-aiding-greece Today's article on Bitcoinist: http://bitcoinist.net/trestor-foundation-provides-solution-greece-capital-controls/ Trestor Team @trestorconnect www.trestor.org Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: loveyouforever on July 12, 2015, 02:16:42 PM How can I get this coin?
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: chokho on July 13, 2015, 10:21:58 AM You can get Trests at a Trestor Retail Partners location (trestor.org/locate-retail-partners (http://trestor.org/locate-retail-partners)) or online (trestor.org/get-trests (http://trestor.org/get-trests)).
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: wildduck on July 13, 2015, 10:49:31 AM I like the transparency :)
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 13, 2015, 02:18:30 PM https://i.imgur.com/TD6eVLv.jpg Picture taken from the "Deccan Chronicle" Another series of news on our offer to help Greek people while capital controls are in place.
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: coinking on July 13, 2015, 06:11:25 PM Nice promo work there Trestor team. Can I assume those 2000 Euros worth of Trests aren't going to Greeks now?
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: Trests on July 14, 2015, 12:31:46 PM Dear Coinking,
Banks won't open till Monday and capital controls will not be lifted anytime soon. http://www.bloomberg.com/news/videos/2015-07-14/will-more-austerity-jump-start-the-greek-economy- Our offer is open to all credit-worthy Greek citizens. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: CryptoRev on August 01, 2015, 04:49:22 PM Read the white paper, have a few questions. Would greatly appreciate if the team could clarify.
Section 2) Tnet) please further explain the need and role of Forwarding nodes. Can wallet nodes directly communicate with Validator nodes? Section 3.1) Sync) Is the ledger public or only shared by Validator nodes? Do all the Validator nodes have a complete copy of the ledger? Section 3.2) Deposits) If i'm an attacker with resources, is it possible to create multiple Validator nodes at the same time, wait 6 hours and then attack the system? Section 3.3) Redeem) Would this result in the formation of independent clusters of Validator nodes or a network where all the nodes are not directly connected but are connected at different levels to each other? Kind of like six degrees of Kevin (https://oracleofbacon.org/) ;D ;D ;D Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: stv on August 03, 2015, 01:18:24 PM Read the white paper, have a few questions. Would greatly appreciate if the team could clarify. Section 2) Tnet) please further explain the need and role of Forwarding nodes. Can wallet nodes directly communicate with Validator nodes? Forwarding nodes help to balance the load. If you want to have a client that does not have a full ledger on its own, like a phone app, you need a service to consult for account information. This is equivalent to services like Blockchain.info in the Bitcoin world. We think that a full client is not the right solution for most users, so made this part of the protocol. This has the advantage that in the future, app users can freely configure which forwarding node to consult, because they are all using the same protocol. tl;dr: In Bitcoin language, a forwarding node would be a full node (having full ledger copy) which is not mining (in our case voting). Quote Section 3.1) Sync) Is the ledger public or only shared by Validator nodes? Everybody can run validator and forwarding nodes, which have a full copy of the ledger.Do all the Validator nodes have a complete copy of the ledger? Quote Section 3.2) Deposits) If i'm an attacker with resources, is it possible to create multiple Validator nodes at the same time, wait 6 hours and then attack the system? Yes. But you need a lot of resources, because validator nodes require deposit. It is analogous to buying a lot of mining hardware and overtake Bitcoin mining.Quote Section 3.3) Redeem) Would this result in the formation of independent clusters of Validator nodes or a network where all the nodes are not directly connected but are connected at different levels to each other? Kind of like six degrees of Kevin (https://oracleofbacon.org/) ;D ;D ;D Random here does not mean “connect to any node”, but select nodes in a mathematically random way from the full list of nodes. The full list of nodes is literally public, because deposit accounts are listed in the ledger.If anything remains unclear, feel free to ask more specific questions. Note that the project is under active development and more detailed documentation will be released over time, of course. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: ghostlander on August 06, 2015, 11:51:31 AM Trestor Foundation isn't found in either the Canadian or Indian business registry. What a joke.
Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: canth on August 06, 2015, 01:43:05 PM Trestor Foundation isn't found in either the Canadian or Indian business registry. What a joke. No need to disclose salaries or expenses that way. At least the Ethereum Foundation disclosed that...not that I think they have been wise with their use of the proceeds raised. Title: Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World Post by: djm34 on August 06, 2015, 01:48:17 PM Nice promo work there Trestor team. Can I assume those 2000 Euros worth of Trests aren't going to Greeks now? lol if you send me the 650euros, I will consider Greece has paid what it owes me personally through their numerous loan.thanks a lot in advance |
