[ANN] TagCoin - Multi Token Wallet and Trading Platform

[entropi]

I am not sure what is up with Bter - The guy that runs it is based in both Canada and China, and he has a few devs that only speak Chinese working from China, but when I was dealing with him a couple months ago to set up trade.tagbond.com with his software he was quite responsive...now from the forums and here it seems he is either not around, or just cannot deal with the all the support. It's one of the reasons why I developed / developing the trade side of Tagbond so we don't have to depend on anyone else.

BTw, have been playing with the mining rigs I have here - I have a machine running windows 8 with 2 x 280x and I get 750 from each, then plugged in the BAMT with 13.12 AMD driver and restarted on that same machine, and only got about 550 with each card, on exactly the same settings...so it's definately an operating system/driver problem..nothing to do with hardware in my case. However, on windows you can use the AMD catalyst center to activate the overclocking, just wondering how that is done via Linux - aticonfig?..

May you connect bter team for me please. Still problem with TAG withdrawals. Site says "TAG withdrawal is disabled". They do not respond to email support.

[lavender9278]

sounds interesting. could you please give me some coins for collecting? thx
THm6Vrx4GHt9HyQFyt6ky5U9ZDmNfNhXB5

[perryparanoid]

What is going on with http://tag.hashfaster.com? No block for a day... Admin check pool!

better use tagmining.com

Happy Holidays Everyone!   

[tagbond]

@entropi - I sent an email to the main guy at BTER asking what is up, will let you know what he says, if he responds

[entropi]

@entropi - I sent an email to the main guy at BTER asking what is up, will let you know what he says, if he responds

thank you very much

[dwma]

I am trying to understand the business model.  Say I am a business and wish to reward my frequent customers.  What do I do ?  I have to go onto the open market and purchase these reward points to restock my rewards bank?  This is where I am confused.  That doesn't seem like it would ever work.  What am I missing?   Sure it might be fun to receive altcoins as a reward, but I don't get how TAG is recycled in a reward system.  Wouldn't the relatively high volatility of an altcoin kinda screw this up for the business?  They would have to restructure their reward system every time the value changes.

Is my take on this coin wrong?  I like the idea.. a niche market, but how would it work? What am I missing?

[tagbond]

Tagbond uses either altcoins or cash given as rewards. You also have the option of using the normal points system that is used in most places today, which is completely closed loop. However, customers don't really want points that they can only spend in one place. The retailers would prefer the points system, but I as a customer know what I would prefer and that is something that can be used in other places.

Rewards can be given in a couple of different ways. First as a reward for a customer buying or performing an action and secondly as a way to reward customers for sharing deals, coupons etc with others via facebook, blogs other sites. A bit like google adsense, but payments only made on results.

TAG was created as a universal rewards system within Tagbond, but it could be used anywhere. We will be using it within Tagbond as our internal payments system. You could use any cryptocurrency, but obviously we favor TAG.

Alt coins make a good rewards system as it is not so dependent on the issuer, it can be bought/sold between other customers (unlike points), and can be traded for other cryptos for fun or profit. We will have a fairly stable price for merchants to buy and give out. As demand grows the price will grow steadily upwards, and without China involvement the price should not be so volatile for TAG or any other cryptos.

Hope that helps.

[Dabs]

I like the trade options. However it's not yet working. I cancelled my sell order on the exchange for now. I'll put it back up when it's ready to go.

I think the plan is to try to make the spread 80 / 100. Merchants should be able to buy 1 TAG = 100 PHP. Miners should be able to sell 1 TAG = 80 PHP. Let the people in between, including the tagbond platform, deal with the stuff in between, they can make their 20 PHP or something.

Unless the system is set up in place, businesses will not want to buy directly from miners. They will want to buy from the "official" source, and it will cost them 100 PHP.

Now, how about the other exchanges that handle USD and BTC and LTC and other alt coins? They will somehow adjust to the "official" rate, but they will be either cheaper or more expensive by a bit. There will be opportunities for traders to do arbitrage and stuff like that.

The miners still get 80 PHP per TAG, someone buys it. someone sells TAG a little cheaper, someone else buys it a little more. Doesn't matter.

Well, hopefully that's how it will turn out to be.

Now if a miner happens to find a merchant who will directly buy from him at 90 PHP per TAG, or a merchant finds a miner willing to sell it, it's still within range and they're both happy to skip the middle man. Basically, the spread is the price of escrow, in this case, the founder of the coin and the platform. Independent agents will show up to do the same thing, but businesses tend to trust other businesses, rather than individuals.

As with any crypto currency, the businesses will want to avoid the risks of losing their money, through an unverified or unconfirmed agent who could just disappear. They will pay a premium for that.

Miners, also, for the most part, don't want to send first without knowing who the buyer is, unless it's on an exchange or it goes through the tagbond site.

The price stabilizes, but eventually the price per TAG will go up over the years.

[centurion76]

Alert - TAG.cryptopool.IT - Warning

Edit - pool is running again and I just accessed dashboard... all coins are still there... but the admin has not responded.

This pool is down, the dashboard unacessible and admin is absent!!!

I have not been able to access the dashboard for a few hours… and I have not been able to reach the pool admin… My miners have failed over to TAGMining and I am pulling my rigs until this is resolved.

The admin of Tag.cryptopool.it posted on TagYak that he has been in a car wreck and will be absent for about a week while he recovers. His pool is running in auto at this time as it is difficult for him to perform any admin duties. You can read the original post here: https://tagyak.org/groups/tag-cryptopool-it/forum/topic/this-pool-is-not-accessible-and-admin-is-absent/

TagYak wishes him a speedy recovery and a merry new year!

[24Kilo]

Thanks for the update. Wishing him a speedy recovery!!!

[tagbond]

@Dabs - yes, that is what is planned..we will see how that pans out. As for the trade part of the site, most of the devs went off for holiday break, and off till 2 Jan, so we didn't want to make the trade engine open just in case there were bugs we could not fix till we came back. However, if you want to test it amongst yourselves, the far right of the buy/sell button is active (most of the button says trading not yet enabled)..The idea on the exchange is that you can trade any coin pair, as well as coin/currency. As you choose what you want to pay in, the trades change to reflect that pair. I don't think anyone has done it this way, and will see if that works. Once the basic engine is working, then we can add candlesticks and other reports. We will probably do that more on tagcash.com tho.

Not good news to have an accident over Xmas...wishing him all the best and quick recovery...

[Dabs]

Yeah, my fiat money isn't clearing until Friday, but you also still haven't figured out how to make the rigs work properly, so, I guess we can wait until next year.

[Dabs]

I saw this billboard on the highway.

[tyler27]

I saw this billboard on the highway.

Cool lol.
Has nothing to do with the coin right?
Is the new exchange already online?

[Dabs]

Nothing to do with the coin. Its an ad for a hardware store. Just coincidence. TAG (the coin) is going to go up next year.

[Dabs]

Okay, quick question: How does the client internally store the TAG coin values? I notice that the official tagcoin-qt client only uses and displays 6 decimal places. Does that mean there is no such thing as 0.0000001 TAG? or the satoshi equivalent of 0.00000001 TAG?

Also, transaction fees are currently 0.001 TAG. It's 10x bigger than if it were bitcoin, but the fiat equivalent is of course smaller.

[tagbond]

We set it 6 decimal places, but we can always change that due to demand. Same for transaction fees. Will look at that on next release...

[Dabs]

Hey guys, this thread shows that someone can get 800 KH/S on R9 280x

https://litecointalk.org/index.php?topic=7534.525

Here is the specific post

https://litecointalk.org/index.php?topic=7534.msg83422#msg83422

I just looked at the last page.

[tagbond]

At the moment, I can only get mining working well at 750 each car if the system is running windows. Tried most flavors of Linux (BAMT which is Debian, Lubuntu, Xubuntu, Ubuntu) and I either have problems with the drivers (13.12 latest) or the hash speeds won't go past 550). Thought it might be a problem with motherboard (Gigabyte Z87) and not being able to overclock the GPUs there, but there is nothing on the board to enable that... so I am at a loss now.. good thing it is just a hobby..

[vesperwillow]

Nice link Dabs. I spent time prior to that thread, figuring out my MSI R9 280x settings. Seems like the best ones (for my cards) are TC 24000, ENG 1080, MEM 1500. Anything else and the card doesn't do well. Seems like these new R9 cards have far more personality to each individual one than the previous 79xx series. Seeing lots of variation out there.