[ANN] TAU:The Active Unit | The First Proof-Of-Transaction Coin [POT]

[bobthegrownup]

TAUCOIN.IO | TELEGRAM | FACEBOOK | TWITTER | MEDIUM | DISCORD | GITHUB | REDDIT

TAUcoin is an experimental cryptocurrency powered by Proof of Transaction.

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“If you look at a blockchain and open up a block, the majority of the information in the block is actually transaction data. So what if we could use the majority of the blockchain information and also people’s daily behavior, which is also transaction, to protect network security, while also driving the blockchain forward. That would be very ideal.”
– David Wu
CEO, TAUcoin
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TAUcoin Features
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TAUcoin Allocation
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DEBATE | DEVELOP | STARTUP

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TAUcoin Team
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Tech:
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Our social media:
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[Parodium]

Reserved for bounty announcement.

[Nina-coin]

I don't understand - how can I get the coins of your project? Will you have an ICO or airdrop? What form of distribution of your coin do you envisage? And yet-check the availability of your site.

[desi_translator2018]

RESERVED for HINDI translation...
 here is my portfolio....

https://drive.google.com/drive/folders/1TTRWTdF-VC71_TgP4dcsy6wH4BoL9cxB

[bobthegrownup]

I don't understand - how can I get the coins of your project? Will you have an ICO or airdrop? What form of distribution of your coin do you envisage? And yet-check the availability of your site.

We will be starting a bounty in the next few weeks, followed by an ICO. If you or your friends want to participate in our testnet you can be the first to receive coins. All you will need is a facebook account to receive your free coins instantly!

[iHaveDreams]

this really interest me, I am interested in this project, but I want to wait for the launch of bounty program first, and when I feel comfortable in TAU project
then I will participate as an investor

[perlalive]

Hi, dev!

Try to compile on Ubuntu 16.04 from github:

Code:

In file included from main.h:24:0,
                 from blockencodings.cpp:13:
isndb.h:12:21: fatal error: cmdline.h: No such file or directory
compilation terminated.

[bobthegrownup]

Hi, dev!

Try to compile on Ubuntu 16.04 from github:

Code:

In file included from main.h:24:0,
                 from blockencodings.cpp:13:
isndb.h:12:21: fatal error: cmdline.h: No such file or directory
compilation terminated.

Hi! First I want to thank you for taking the first step and checking it out! Ill make sure to reach out to you with more details on our bug bounty shortly but don't let that stop you from getting a head start!

TAU has a harvest club and this function needs a sql database to implement. MySQL and MySQL++ are needed to compile the repo. We have details in github.com/Tau-Coin/taucoin. You can check build-unix to solve it. If you have any questions please let us know!

[ddubbya]

Test...

[ddubbya]

In summary, TAU is a prospectively more rewarding medium of exchange and store of value that is developed to plug the Bitcoin void of low economic activity, with its Proof-of-Transactions feature, that incentivizes users to make more transactions, and, thus, increasing circulation with the block reward.

[ddubbya]

Features:

-Proof-Of-Transaction:- the more transactions, the more reward
-Automatic Harvest Club Participation:- no work or knowledge
 required in joining a harvest club
-Instant harvesting reward share through “club wiring”
-Near Zero Cost Transaction Fees:- most of transaction fees are returned throughout the year.
-One year to accumulate weight:- to prevent spam and speculation
-Environmentally friendly consensus mechanism that is secure
- Built 100% from our team (not a fork of an existing coin)
- Test driven development process focused purely on technology first
- First cryptocurrency to focus on the velocity of coin circulation
- First cryptocurrency to give no advantage to hoarding
- First cryptocurrency to have near zero cost transactions in perpetuity.

[bobthegrownup]

Hello, great news for you. Your ICO https://icoholder.com/en/tau-23898 was listed in the largest listing -  icoholder.com 🔥. Congratulations! At the moment your project is unrated (N/A)

Thank you for the add. Please DM me to understand more about this listing

[bobthegrownup]

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS 

The TAU testnet is now active. We invite everyone to come see how our new coin works.

[pocrypto]

Nice project, good luck 

[trns.txt]

Very interesting to see your project features. Features: Proof of Transaction, Automatic Block Size, Harvest Club, and Club Wiring Transaction. These will attracted many people to join yet with that advantages, TAU project will have a great future. 

[mashort]

TAU egalitarianism concept is way to go, more transactions =more value= more rewards

[Mocoinaire]

TAU Coin by introducing the new consensus mechanism based on transactions you not only going to encourage crypto adoption but also promote equality through "mining" as you put it harvesting. An interesting project worth investing guys

[CryptoGM]

An ambitious project and good luck to your POT concept obviously more people should see and contribute to this idea.

[commander11]

I like the idea of Proof-of-transaction but I do not fully understands how it works. Automatic block-size also solves the problem in behalf of bitcoin. Anyway, I'll dig deeper into this. Thank you for the opportunity to participate in Taucoin testnet.

[bobthegrownup]

I like the idea of Proof-of-transaction but I do not fully understands how it works. Automatic block-size also solves the problem in behalf of bitcoin. Anyway, I'll dig deeper into this. Thank you for the opportunity to participate in Taucoin testnet.

Thank you - we hope you'll give us feedback. We also just released our whitepaper here

[cryptoeddy]

This is interesting. I would like to see PoT in action. such a revolutionary idea. I believe TAU will set the pace for other projects to adopt the PoT concept. Kudos to the team

[Hwario]

I'm excited by the numerous features..this is evidence of real transformation by blockchain

[kivuti Elias]

Nice and very promising project. Promotion of equality through mining put in harvesting is very innovative. Good luck.

[lisabrandon]

Proof-of-Transaction features gives incentivizes investors confidence to make more and more transactions, hence increasing block reward circulation. Very amazing project.

[bobthegrownup]

We are experiencing issues with our coin faucet. All wallets  created with 0 balance will be given coins the moment we resolve the issue.

Sorry for the inconvenience

[Parodium]

Hello everybody!

Just reminding you that Tau is currently running an event for new members. Simply register a wallet on https://taucoin.io and you'll be credited with 10 Tau shortly after!

Don't forget to check out our Telegram group https://t.me/taucoin

[3dyx]

nice project system. i sure this is my first read about the project that use reward by the transaction accumulation. good luck.

[brjameng]

Secure transaction network is what we need these days, since there are many bad people trying to stole something that could benefit them.
So this kind of project will be the perfect choice for future transaction.

[imorpheus]

Tau proposes that time and onchain transactions are indisputable resource to secure the certification on new transactions. Pow uses outsource computing power. Pos use asset holding. Pot is unique to let future security participants respect history and work on accumulation to win the future.
Pot is not one technology but built on many cool things coming up. Tau foundation is committed to drive the frontier of proof of transaction. Welcome all suggestions.

[legendster]

Why are you guys calling yourself TAU? It will only get confused with the IDNI project. Are you guys related?

This POT thing is so rad, I glanced over your WP a bit but I have to actually sit down with someone to clarify a few things. Any chance to sit with any founding member or core dev of the team?

[imorpheus]

Why are you guys calling yourself TAU? It will only get confused with the IDNI project. Are you guys related?

This POT thing is so rad, I glanced over your WP a bit but I have to actually sit down with someone to clarify a few things. Any chance to sit with any founding member or core dev of the team?

TAU idea: TAU is a beautiful ancient Greek symbel represents fastest particle. We propose non-inflatory fast circulation of crypto, to replace fiat. I do not know IDNI.org, checked website, seems to be very different. 
We force our self to jump thinking 20 years forward to mind-see what crypto look like, it is not nuclear powered ASIC plant, neither G20 central banks holding all coins. It has to be light on infinite fast mobile network with anonymoucity crypto currency protect very unit of wealth. Non-inflation but very fast.
Transaction info in the blocks has the potential to be the indisputable resource to power security, velocity and equality. However, to utlize that we have to solve many technology to get it right.
We love to sit down with you to fly the idea. We just get started. Many things love to discuss with pro that make it right. What city are you at?

[genie854]

Why are you guys calling yourself TAU? It will only get confused with the IDNI project. Are you guys related?

This POT thing is so rad, I glanced over your WP a bit but I have to actually sit down with someone to clarify a few things. Any chance to sit with any founding member or core dev of the team?

Thank you for your interest in TAU. If you need to "sit down with someone to clarify a few things", as head scientist of the project, I would be more than happy to help.

[legendster]

Why are you guys calling yourself TAU? It will only get confused with the IDNI project. Are you guys related?

This POT thing is so rad, I glanced over your WP a bit but I have to actually sit down with someone to clarify a few things. Any chance to sit with any founding member or core dev of the team?

Thank you for your interest in TAU. If you need to "sit down with someone to clarify a few things", as head scientist of the project, I would be more than happy to help.

I would be glad to go over the queries. Let's chat. Check your inbox for my telegram ID.

Why are you guys calling yourself TAU? It will only get confused with the IDNI project. Are you guys related?

This POT thing is so rad, I glanced over your WP a bit but I have to actually sit down with someone to clarify a few things. Any chance to sit with any founding member or core dev of the team?

TAU idea: TAU is a beautiful ancient Greek symbel represents fastest particle. We propose non-inflatory fast circulation of crypto, to replace fiat. I do not know IDNI.org, checked website, seems to be very different. 
We force our self to jump thinking 20 years forward to mind-see what crypto look like, it is not nuclear powered ASIC plant, neither G20 central banks holding all coins. It has to be light on infinite fast mobile network with anonymoucity crypto currency protect very unit of wealth. Non-inflation but very fast.
Transaction info in the blocks has the potential to be the indisputable resource to power security, velocity and equality. However, to utlize that we have to solve many technology to get it right.
We love to sit down with you to fly the idea. We just get started. Many things love to discuss with pro that make it right. What city are you at?

I wasn't expecting such a swift reaction from seemingly two core members but thanks. Lets connect on Telegram.

[bobthegrownup]

I wasn't expecting such a swift reaction from seemingly two core members but thanks. Lets connect on Telegram.

Our top priority and focus is community feedback. POT is a bigger idea that needs as many minds as possible to evaluate and challenge it. Add me on telegram too to get the ball rolling. We are 24/7 getting feedback and rewarding it

@BobTheGrownUp

[Parodium]

POS and POW-based cryptocurrencies are definitely not the future, speculative holding and staking does not lend itself well to mass adoption. Hopefully Tau's proof-of-transaction consensus mechanism can finally provide an incentive to actually transact with your coins, rather than holding them for years.

[Parodium]

We just published a new article on Medium!

https://medium.com/tau-foundation/taucoin-the-active-unit-5590230e6fab

Also, don't forget to head over to https://taucoin.io and login with Facebook to get your wallet and participate in the faucet event!

[bobthegrownup]

We will be announcing the full bounty program very soon. The current bounty functionality in the wallet is for testing purposes, please hold off from using it until the official bounty announcement.

Telegram will be first announcement location
Bitcointalk will be 2nd announcement location
All other channels soon after

[Mocoinaire]

We will be announcing the full bounty program very soon. The current bounty functionality in the wallet is for testing purposes, please hold off from using it until the official bounty announcement.

Telegram will be first announcement location
Bitcointalk will be 2nd announcement location
All other channels soon after

Thank you for the update

[Mocryptopia]

Just checked out your whitepaper guys and cant wait to engage and learn more about the PoT mechanism. Its genius and a wonderful team you have on telegram quite engaging and answering questions right away plus knowledgeable. All the best with this project

[coinmathe]

I am waiting to read more details about this POT and its value to the community which I need more insights about. When is your whitepaper ready?

[coinkoigi]

The Active Unit will make an introduction of new debate about activity rate which is quite something. But will ask how do you intend to control "centralization" because of fear of having certain entities such as exchanges control most of your network?

[coinweez]

Is your USP the transaction rate only?

[Namita]

wonderful project. the concept of the project is really very nice, and very worth it to gain much support. and I hope the team can develop this project very seriously so that the project can evolve rapidly and successfully.

[yhendri]

I would like to apply Indonesian translation
Previous work : https://stg.callisto.network/id/

[Intaryna]

Just received my free TAU tokens looking forward to the this project ICO. Worth keeping an eye on guys

[Kangheri]

The project is a promising, confident in the success of the company. A strong team proof.
Support rebya in social networks, good luck!

[Parodium]

Is your USP the transaction rate only?

Tau is a move away from energy-intensive POW and POS-type blockchains. The main USP of Tau is its egalitarian nature, offering a system that avoids favoring old hands and long-term holders, and instead rewarding people for doing the very thing cryptocurrency was designed for... Transactions!

[kiminjhon]

Is your USP the transaction rate only?

Tau is a move away from energy-intensive POW and POS-type blockchains. The main USP of Tau is its egalitarian nature, offering a system that avoids favoring old hands and long-term holders, and instead rewarding people for doing the very thing cryptocurrency was designed for... Transactions!

indeed very nice to his concept of the project, and they also put forward about the economic society

[bobthegrownup]

Just received my free TAU tokens looking forward to the this project ICO. Worth keeping an eye on guys

Yes keep a close eye -- major update about to be announced that will have all TAU holders before August 10th very excited

[legendster]

Just checked out your whitepaper guys and cant wait to engage and learn more about the PoT mechanism. Its genius and a wonderful team you have on telegram quite engaging and answering questions right away plus knowledgeable. All the best with this project

I'm surprised that the core team is actually engaged with the community, way more than most other crypto startups. I can only hope that they keep up this pace.

I am waiting to read more details about this POT and its value to the community which I need more insights about. When is your whitepaper ready?

Read the article Parodium linked to earlier [1]

Or wait for mine to be published by the end of the day -9th Aug.

[SlyWax]

When login with FB for the faucet, it display a ^password field with square that can't be used.
I'm on chrome.

[coinweez]

Is your USP the transaction rate only?

Tau is a move away from energy-intensive POW and POS-type blockchains. The main USP of Tau is its egalitarian nature, offering a system that avoids favoring old hands and long-term holders, and instead rewarding people for doing the very thing cryptocurrency was designed for... Transactions!

Now I see the USPs especially when argued from the energy saving perspective and its reward based system. Cheers to the team and keep doing the good job

[Intaryna]

Just received my free TAU tokens looking forward to the this project ICO. Worth keeping an eye on guys

Yes keep a close eye -- major update about to be announced that will have all TAU holders before August 10th very excited

Keep us posted guys like you've been through your telegram group. Cant say many more thank you enough!

[Mocryptopia]

Just checked out your whitepaper guys and cant wait to engage and learn more about the PoT mechanism. Its genius and a wonderful team you have on telegram quite engaging and answering questions right away plus knowledgeable. All the best with this project

I'm surprised that the core team is actually engaged with the community, way more than most other crypto startups. I can only hope that they keep up this pace.

I am waiting to read more details about this POT and its value to the community which I need more insights about. When is your whitepaper ready?

Read the article Parodium linked to earlier [1]

Or wait for mine to be published by the end of the day -9th Aug.

Just checked out the article by Parodium as well will be waiting for yours Legendster . Want to amass more knowledge especially about TAU and their blockchain added value

[Nicholasa]

 I'm pretty sure that the team will be able to translate all their ideas and develop the project for the better and towards improving technology

[cryptopher1]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

[on stranger tides]

Me thinking way whales are trying to misuse bitcoins through hoarding btc this is an idea worth implementing to dissuade "investors in btc" rather than meet its objectives. I guess this is what you guys are doing and will follow you on all platforms. Which ones do you have pls?

[Altcoin_King]

I am not able to get my free tokens from your website do help

[Parodium]

I am not able to get my free tokens from your website do help

Please join our telegram community at https://t.me/taucoin and we would be happy to help.

[bobthegrownup]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

Thats a great question. Today, its envisioned as its own chain. I'll have someone think about it more and get back to you with a more complete answer, but thanks for the imagination! If you are in telegram, DM me your wallet address for the imagination bounty bonus

[cryptowritedu]

The more the transactions the more the block rewards! I can't be left out on this

[genie854]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

Fast transaction is still under development. We believe it will be adopted elsewhere when our experiment is successful. As for consensus, POT can become popular when its economic promotion effect is realized.

[legendster]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

This is not an erc20 token. It's on it's own blockchain so I don't think it will "work" other cryptos.
Not sure what you meant by that to begin with.
Sure once an exchange implements a Taucoin wallet you can surely deposit your coins there and have a go at live trading that the exchange supports.

But you might see other cryptos adopting the same consensus mechanism, then you will see a greater compatibility among those cryptos - if that made sense.

[Parodium]

Nice project. Will be following for more details

Hey, it would be best to follow along on Telegram, as updates are posted there instantly.

Check us out https://t.me/taucoin

[Parodium]

The more the transactions the more the block rewards! I can't be left out on this

That's right, the more transactions your harvest club manages to accumulate, the greater your chance of discovering the next block and hence the higher your overall fee returns. It pays to transact in Tau, moving away from the antiquated 'hodl' mentality that damages the cryptocurrency industry.

[legendster]

Just a heads up.
Due to some personal reasons, I was not available to complete the Taucoin article that I was writing.

I am currently finishing it up with a couple more articles that I am writing, including one that is about EQL and it's new website launch.

I'll be posting them around at the same time by the end of this day or the next. Stay tuned

[bobthegrownup]

Big news coming up, don't say i never did anything for you. Make sure to be in the Telegram channel for when we announce.

[ngockhanh.vtv]

Any chance project team is making some sort of  interview with team members to boost an investor confidence and to share their vision of maecenas goals?

[bobthegrownup]

Any chance project team is making some sort of  interview with team members to boost an investor confidence and to share their vision of maecenas goals?

Dude if you are going to copy/paste messages at least update the project name. How are Maecenas goals going with that lol

[Parodium]

TAU is currently running a mini-bounty programme, participate now and earn yourself some TAU!

https://medium.com/tau-foundation/a-brief-overview-of-tau-86f5a449d447

Or if you already have a wallet, head over to https://www.taucoin.io/account/bounty to get started.

[ikealyou]

We also started a bitcointalk debate bounty for Proof of Transaction! The winner will get 1Mil TAU + $1000 worth of BTC!
Feel free to check it out HERE

[Parodium]

Nice project. Will be following for more details

Thanks for the enthusiasm 

Remember to check us out on Telegram at https://t.me/taucoin

[Parodium]

The block explorer is now operational! https://www.taucoin.io/block

We're also running a small bounty program, where you can earn some additional TAU for performing some basic tasks!

https://medium.com/tau-foundation/a-brief-overview-of-tau-86f5a449d447

[imorpheus]

The hope and risk of proof of transactions.
In seeking of most pervasive, indisputable and decentralized information to protect blockchain progressing, I found holders daily economical behavior, transactions through out history, is a good candidate. Transaction data takes most of size on the public ledger. Using majority blockchain information to protect its own security seems to be nature and logical. Its most efforts goes to protect itself. Transaction history to protect the blockchain future.
I am personally enlightened by POW, proof of work. However, applying following thought, I found a problem. When bitcoin network value hit trillion, some of G20 governments will not feel convenient. It is possible to use nuclear power plan to run ASIC rigs to form up 51% computing power in short period to make chain not able to grow. The root of this possibility is from two elements: one, hardware arms race favors G20, two, historical data does not contribute to the security. So that G20 can summit power in short time window to win the battle such as nuclear attack to region, quick and fast. The same situation is more vulnerable in POS, proof of stake. Governments can biologically secure the key stake holders using some top guns in the army. Holders can be forced to burn all the coins, which is going to waste the valuable blockchain token.
In proof of transaction situation, it is still possible but harder for government to build 51% attack. One needs build transactions dominance in one year time frame, this is not short time achievable event. Second is transactions are pervasively generated from holders all over the world disregard the coins holding amount, there is no way someone can capture 51% holders population.
This gives hope to proof of transaction family likely to be the ultimate base for decentralized blockchain consensus.
The risk of POT is also clear that if powerful entity coming to build up transaction numbers to gain more mining weight through long time. My proposal to resist it by auto block size and auto block generation time. I called it project iMorpheus, same as my medium ID. The general assumption is that when someone to build waste transactions, they want to spend low transaction fee then normal. When miners codes found transaction fee is lowering, then generation time will shrink to reduce the number of low cost transactions. This idea is still in nutshell, looking forward to debate.

[Parodium]

We just published a new article on the future of Cryptocurrencies!

https://medium.com/@taucoin/the-future-of-cryptocurrencies-9df6e10b0541

Check it out! Let us know if you have any comments or questions, and don't forget about our TAUcoin debate, where you have the chance to win $1,000 and 1M TAU!

💰💰 https://bitcointalk.org/index.php?topic=4907712.0 💰💰

[KnightRiderus]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

This is not an erc20 token. It's on it's own blockchain so I don't think it will "work" other cryptos.
Not sure what you meant by that to begin with.
Sure once an exchange implements a Taucoin wallet you can surely deposit your coins there and have a go at live trading that the exchange supports.

But you might see other cryptos adopting the same consensus mechanism, then you will see a greater compatibility among those cryptos - if that made sense.

many want to see something new and this algorithm can give them such an option. the question is how much such an algorithm can withstand attacks and how much it does without errors. otherwise after the first hacking the price will fall.

[bobthegrownup]

many want to see something new and this algorithm can give them such an option. the question is how much such an algorithm can withstand attacks and how much it does without errors. otherwise after the first hacking the price will fall.

if you think there is an attack threat, please let us know on our debate bounty -- you could win 1,000,000 TAU and $1000 BTC

https://bitcointalk.org/index.php?topic=4907712.0

[Parodium]

Are you ready to take the iMorpheus challenge? Our enigmatic founder believes that the Proof-of-Transaction consensus is;

• The most secure decentralized network
• The fairest decentralized network
• The most environmentally friendly decentralized network

Think you've got what it takes to challenges these views? Join the iMorpheus debate today and win 1Million TAU + $1,000 worth of BTC if you make the best counter argument!

For more details, see: https://medium.com/tau-foundation/the-taucoin-debate-bounty-5775a4396153

[freepellent]

Will users not gravitate to the Club with the highest Harvest Power?

[belechau]

HI, Team, Portuguese Members and all Community. The portuguese Thread and Whitepaper are now complete.

 

Dev, please check DM

[durzada]

TAU proposed a fast circulation currency without inflation. With the technical innovation of "Proof Of Transaction", users are inclined to make necessary transactions by sharing the future block reward.

[Parodium]

Will users not gravitate to the Club with the highest Harvest Power?

They will, but their block reward is always calculated as the relative percentage of their harvest power contribution for their harvest club. So whilst they might mint more new blocks being part of a very strong harvest club, they will also receive a small cut of the fee reward due to the strength of all the other harvest club members. Whereas if they join a smaller group, they'll mint blocks left often, but have a high relative slice of the total harvest power, and hence receive a high percentage of the block reward. This is a decision that each user will need to make.

The only sure fire way to increase your own rewards is by increasing your own harvest power.

[lewisz]

https://i.imgur.com/PWQ0T5w.png


Specifications

Consensus Mechanism: Proof-of-Transaction (PoT)

Genesis Date: August 1st, 2018

Block Time: 1 minute
Block Size: 1MB, future upgrade to auto-size depends on the bandwidth
Possible transactions in 24h: minimum 5,760,000 depends on auto-size
Data directory size: 1440mb/d

Available/Total Supply: 10,000,000,000 TAU

Block Reward: transaction fees only


TAU whitepaper: Find it HERE
TAU website: https://www.taucoin.io
TAU discussion thread: https://bitcointalk.org/index.php?topic=4685802
TAU github page: https://github.com/Tau-Coin


https://i.imgur.com/UTs1C76.png


Features

-Proof-Of-Transaction; the more transactions, the more reward
-Automatic Harvest Club Participation; no work or knowledge
 required in joining a harvest club
-Instant harvesting reward share through “club wiring”
-Near Zero Cost Transaction Fees; most of transaction fees are returned throughout the year.
-One year to accumulate weight; to prevent spam and speculation
-Environmentally friendly consensus mechanism that is secure
- Built 100% from our team (not a fork of an existing coin)
- Test driven development process focused purely on technology first
- First cryptocurrency to focus on the velocity of coin circulation
- First cryptocurrency to give no advantage to hoarding
- First cryptocurrency to have near zero cost transactions in perpetuity



https://i.imgur.com/FCaQP4X.png


https://i.imgur.com/bzflZoy.png


https://i.imgur.com/932UZbt.png

TAU - founding team

Visionary Leader-iMorpheus: A guru in computer and fin-tech, series entrepreneur in many successful internet projects. He believes digital abundance will make world hundred times more wealthy and enjoyable. iMorpheus will lead the vision and core technology development. https://bitcointalk.org/index.php?action=profile;u=2294265

Head Scientist-genie854: genie854 holds a PhD degree in mathematics. He has strong background in mathematical modelling and algorithm design. He has been interested in and working intensively on cryptocurrency and blockchain technologies. genie will be responsible for TAU's technical direction. https://bitcointalk.org/index.php?action=profile;u=2213015

Head of Marketing – Zi Ren Teoh “aka” ikealyou: Youth representative, fashions brand related background, experienced NLP practitioner, online competitive gaming expert. He will be in charge of marketing and keeping the project hip with the youngsters.  https://bitcointalk.org/index.php?action=profile;u=2285902

Strategic Advisor - Dean Pappas “aka” bobthegrownup: Series entrepreneur; Ex-Zeta Global. Over 10 years of experience building and developing teams in high growth startups. He will be advising on TAU team building and community. https://bitcointalk.org/index.php?action=profile;u=2172903

Team expansion:

We at TAU are passionate about this project and will continue to devote 100% of our time to the foundation. TAU’s mission is worthy of more team members and we are actively looking for help in our quest to ending wealth inequality. In preparation for our ICO, it will be very important to have a strong team to present to potential investors. We welcome all applicants that believe in our vision and want to be part of this for the long run.


FAQ

FAQ 1. If transaction number is the weight to generate blocks, how do you prevent speculative transactions from being used to win?

Weight is one year time accumulated on-chain transactions in a harvest club. The reward method is the transaction fee distributed to all historical transaction addresses in the club. The history will go back to 365 days; it shall make speculation and abuse costly and unprofitable. The long time makes speculators wait one year to complete their return cycle. A positive externality of speculative transactions: they will stabilize the transaction fee and guide logical fees quickly, just like derivatives make futures prices logical.


FAQ 2. Why is TAU egalitarian?

The core assumption is: rich people make less essential transactions compared to poor people. Rich people spend more per transaction, but as a group, poor people make more transactions. The reward set will tend to go to a group with more transactions, slowly moving money from the rich set to the poor set.  

FAQ 3. How do you prevent exchange attacks?  Exchanges have higher holding and transaction volume.

Most POS mechanisms are vulnerable to this. However, our novel on-chain transaction counting methods give no advantage to the high holders group. An exchanges internal transactions are not on-chain, so they will not be counted in our proof of transactions. Only money wiring among exchange addresses will be counted, so ultimately an exchange will be treated as a rich person. In POS, large stake holders receive a linear reward. In POT, collectively poor club members are much more pervasive than the rich. It is not in an exchange’s  best interest to burn lots of transaction fees back on chain for a long time.

FAQ 4. Will POT transaction fees be higher than POW and POS ones?

Through research, we discovered that POT transaction fees are not only the cost to pay for validation, but also an “investment” to secure future network income.  Your TAU harvest club will pay back fees for a year according to your shares of historical transactions. POT transaction fees have "investment" naturally built-in.  In contrast, POW fees goes to the cost of electricity. POS fees could be viewed as interest to stake holders. Both cost and interests are sunk without future cash flow.

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  

Dear TAU Team
Aiodex is the trading platform for innovative ideas and solutions based on blockchain. On Aiodex is showing an underground race to get top 10. We want you to be among them. As we know your coin is very potential, in the near future it will achieve great success. Let us a chance to help you to gain that success. Come and show us and everyone in the crypto world know the value and strength of your community. And you will not regret joining. “Two heads better than one!”.
Let’s come and make some noise on Aiodex at ☞ https://aiodex.com/vote/coin/5b6010911aaad360dc4760e7
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
Discord: https://discord.gg/RvhvdZq
Facebook: https://fb.me/aiodexofficial
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Website: https://aiodex.com

[freepellent]

Until merchants begin to accept Tau, what type of transactions do you expect to happen?

[chixka000]

I join the questions about how it is possible to get coins of your project? I didn't find any information on ICO or bounty? You are a member of a team or bounty Manager or just wrote it? having studied the white paper, I also did not find anything surprising, maybe I'm wrong.

[Blyfla]

I am very interested to know how the state of the cryptocurrency market will affect the development of the project. I am afraid that the market will interfere with normal development.

[imorpheus]

What drives blocks growing? Time?

It seems to be natural that blockchain ledger grows along with time recording transactions, and time is the creators of order in transactions. However, on decentralized network, there is never consensus on time accuracy. Time signal as off-chain information can be fake.
Just like in human body, it is not “time” to drive biological aging, but gene mutation collectively drives aging. Gene mutation just happens along with time.
I propose the true driver of block growing, or “aging”, is transactions them-self. Most of blockchain projects are using specific time interval to create next block ranging from 10 minutes in BTC to seconds in EOS. I found the specific time is not an elegant parameter.
TAU team will look at using pure transactions to drive block grow rather than time. A formula in development will not use time but transaction fee accumulation as interval.
Our goal is to make Tau block chain grow at automatic interval, automatic size and automatic history weight window.
-iMorpheus

[Parodium]

I am very interested to know how the state of the cryptocurrency market will affect the development of the project. I am afraid that the market will interfere with normal development.

That's unfortunately true, the market is not doing great right now, but since we're not an ICO, we don't have to worry about investors worrying about losing their investment. Some of the strongest projects of all time have been community coins, we hope we can deliver on the promise that so many have already failed to step up to.

[Lucasgabd]

I am very interested to know how the state of the cryptocurrency market will affect the development of the project. I am afraid that the market will interfere with normal development.

That's unfortunately true, the market is not doing great right now, but since we're not an ICO, we don't have to worry about investors worrying about losing their investment. Some of the strongest projects of all times have been community coins, we hope we can deliver on the promise that so many have already failed to step up to.

following this thread just because of dev's response.
interested on what will come.

[Parodium]

See the interview with TAUcoin founder David Wu on the Pakman Show!

[Parodium]

i think this project offered more good security for transaction, i will waiting for more info about his project. thank you

Thanks for the kind words, we're glad you like it 

If you would like to find out more about the project, and perhaps even discuss any flaws or benefits you see with the current design, feel free to check out and participate in our ongoing debate, where you have the chance to win $1,000 and 1 MILLION TAU!

Link to debate -> https://bitcointalk.org/index.php?topic=4907712.0

[imorpheus]

Tau: plan to use automatic block interval replacing time interval
In the NXT, 1MB block size and 60 seconds targeting base for block generation, there are two scenario:
1. Many transactions within 60 seconds arrive transaction pool, exceeding 1MB block size capacity. Tau allow miners to generate block when they collected 5000 transactions(a.k.a 1MB). Replacing the idea of counting timer C, we use transaction counters before 60 seconds. When:
(Base x transaction number counter x Weight > randomness),
that miner can generate block. Both transaction and time counter reset.
2. NO enough transaction within 60 seconds. Time counter becomes effective. When the chosen miner not able to accumulate 5000 transactions, it can generate block when 60 seconds passed.
The benefits for above design is the more transactions the faster the chain processing transactions. However, there might be malicious miners want to destroy the chain by generating unlimited transactions to keep blockchain bloating.
The way to resist this attack is to limit block number per minute, we can start with 10 blocks maximum per minute. When community feels it is too slow, club leaders can vote on chain using their weight to increase by signal transaction.
Under same spirit, we can ask club leaders to vote reduce the time interval from 60 seconds downwards on chain.
In summary, TAU will venture into remove specific time interval on block generation.
-iMorpheus

[Parodium]

Tau: plan to use automatic block interval replacing time interval
In the NXT, 1MB block size and 60 seconds targeting base for block generation, there are two scenario:
1. Many transactions within 60 seconds arrive transaction pool, exceeding 1MB block size capacity. Tau allow miners to generate block when they collected 5000 transactions(a.k.a 1MB). Replacing the idea of counting timer C, we use transaction counters before 60 seconds. When:
(Base x transaction number counter x Weight > randomness),
that miner can generate block. Both transaction and time counter reset.
2. NO enough transaction within 60 seconds. Time counter becomes effective. When the chosen miner not able to accumulate 5000 transactions, it can generate block when 60 seconds passed.
The benefits for above design is the more transactions the faster the chain processing transactions. However, there might be malicious miners want to destroy the chain by generating unlimited transactions to keep blockchain bloating.
The way to resist this attack is to limit block number per minute, we can start with 10 blocks maximum per minute. When community feels it is too slow, club leaders can vote on chain using their weight to increase by signal transaction.
Under same spirit, we can ask club leaders to vote reduce the time interval from 60 seconds downwards on chain.
In summary, TAU will venture into remove specific time interval on block generation.
-iMorpheus

Sounds like a great upgrade, love the implementation of the voting system to change the block rate. Will you be implementing club leader voting for any other changes in future?

[imorpheus]

Yes, for sure in a true DAO...

[jeraldskie11]

When I first saw this unique feature of blockchain I feel like this is the project that I really wanted. I like the 'POT' because I will gain TAU coins without doing by just holding. It is not difficult for this to be in the top market capitalization.

[imorpheus]

Thanks for the encouragement. Let’s make it happen.

[crazyer1976]

When I first saw this unique feature of blockchain I feel like this is the project that I really wanted. I like the 'POT' because I will gain TAU coins without doing by just holding. It is not difficult for this to be in the top market capitalization.

I agree with your enthusiastic reviews. But I am confused by the small number of specialists in the project team of this coin. Such ambitious plans require a large team of experienced programmers and marketers.

[chixka000]

I did not see anything special or unique in this idea. But this is true for today. I think for the team it is not enough to provide a link to the account on the forum, because it does not confirm the identity. Besides, it's Newbie.

[cryptotycoon33]

After a careful study of the TAU whitepaper I want to state clearly that the TAU project is one of the best crypto projects in the 21st century that is set to revolutionized the cryptocurrency space. Let join us hands to propagate the project to a successful completion. Thanks

[Dvorjekarri]

Is your ICO project structured as a corporate or non-corporate entity? Does your ICO fall within SEC jurisdiction? Are you SEC compliant? Where do the tokens fall on the Howey Test?

[rudox]

This is first of its kind project with the innovative POT which will resolve the issue of scalability when TAUCoin system becomes fully operational.  The crypto world will witness speed in transaction  that is extraordinary.

[Derek Ra]

Good night fellows! I sold all my BTCs, someone showed me how to invest in this ICO, a super profitable coin, and we would be rich. We have no any other way!

[ahmer_rafique]

interesting to see a new consensus algorithm POT but how it works and how it creates new block and how the difficulty rate will change in this algorithm?

[imorpheus]

Pls check TAUcoin.io for how proof of transactions work. We are using nxt difficulty level algorithm. We are running bounty programs now pls go website and do sign on wallet to get bounty coins.

[Weaver_Scir]

I like the idea that small and medium enterprises should also get the chance to participate in artificial intelligence innovation once the platform is developed. It creates a level playing field in the economy.

[Mariia_BT]

After a careful study of the TAU whitepaper I want to state clearly that the TAU project is one of the best crypto projects in the 21st century that is set to revolutionized the cryptocurrency space. Let join us hands to propagate the project to a successful completion. Thanks

Of course, you can join the development of the project by taking part in the project's bounty campaign or by becoming an investor. I think the team will only take your steps to the meeting. so it is really worth developing such a promising idea of this project.

[Weaver_Scir]

Now it is clear why people have recognized the value of the business. At least it looks like they have. But some of it is due to it being a really useful plan that can have global implications.

[imorpheus]

Thanks for the encouragement and suggestions. We hope to resolve a few cool things, essential daily user behavior, transactions as proof to protect and grow the chain, onchain club mining, remove block time interval and onchain signal system for voting and delegating chain economics.

[Parodium]

I like the idea that small and medium enterprises should also get the chance to participate in artificial intelligence innovation once the platform is developed. It creates a level playing field in the economy.

How would you suggest A.I. can be implemented into the TAU blockchain? Suggestions are always welcome.

TAU looks to position itself as the most secure, most fair and most environmentally friendly pure cryptocurrency available if you find any flaws in the proof-of-transaction protocol or anything else, feel free to enter our debate to win 1M TAU and $1,000 BTC!

https://bitcointalk.org/index.php?topic=4907712.0

[Sone11]

So you will be rewarded by doing transactions. I forgot where did I heard this idea from another project. But it's not called Proof of transaction. So you're the first to coin this word I think. I thought there's no ICO but when I checked the website 74% will be allocated. Would it be too big if you're thinking of the number of transaction and not the volume?

[shagorbleed]

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  Grin

in site it is showing testcoins. is this good?

[imorpheus]

So you will be rewarded by doing transactions. I forgot where did I heard this idea from another project. But it's not called Proof of transaction. So you're the first to coin this word I think. I thought there's no ICO but when I checked the website 74% will be allocated. Would it be too big if you're thinking of the number of transaction and not the volume?

If i understand your question correctly, here is the answer, We use mining club accumulated transaction fee as weight to give probaility for next block generation. We plan to use transaction numbers to replace time interval. Our ICO is for two purpose: 1. Keep lights on in TAU foundation. 2. Distribute TAU coins to massive public by 1 million TAU auction in EOS style daily from Oct 15th. Once TAU reached equliblium with BTC, we will end ICO and do pure bounty program.

[imorpheus]

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  Grin

in site it is showing testcoins. is this good?

Genesis block is generated on Aug 1st. All coins holdership is good. We will hard fork to mainnet to replace testnet with same block information in 15 days. Hope this clears.

[shagorbleed]

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  Grin

in site it is showing testcoins. is this good?

Genesis block is generated on Aug 1st. All coins holdership is good. We will hard fork to mainnet to replace testnet with same block information in 15 days. Hope this clears.

Oh..i see. Thanks for the info. Can you plz tell me if tau have some other bounty tasks or planning to announce?
i am somehow interested in this project and waiting for hitting exchange.    

[Snaguit321]

This is one of the biggest ICO will be launch this year, Fastest transaction the better usage.

Most of other coins that are mineable are having difficulties with blocks. With the use of proof transaction that acts block usage on each transfer this makes more interesting on digging on their concept.

I cant wait for the launch of their ICO and be part of them!

[Iraladman]

I found my self reading about this platform and i think this is an interesting one that you can promote until the end of the ICO! I will surely support this one!

[cryptolandlords]

This project being a proof-of-transaction shows that it is a unique project the will change things in blockchain especially when it comes to transaction, scalability and transaction fees.

[commander11]

CLICK THE IMAGE TO PARTICIPATE

[commander11]

[URL]

CLICK THE IMAGE TO PARTICIPATE ON THE AIRDROP!

[rudox]

This project is generous even giving out airdrops in addition to the main bounty. I hope this innovative project will succeed with the introduction of first of its kind  POT concept tackling the problem of scalability which is an Achille's hill to many projects. Bravo TAU.

[MandraGade]

I just read this platform link and it's very promising for the features provided, supported by an experienced founding team. what is the price of this token? Are there great partners who have worked together?

[jeizforshort]

[URL]

CLICK THE IMAGE TO PARTICIPATE ON THE AIRDROP!

Hello sir, the image link didn't work, You forgot to add " / " on end tag of URL. 

[Lucasgabd]

still no plans regarding QT wallet and exchange listing?

[imorpheus]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

[jpnl0002]

the technology deployed in this blockchain is a very interesting one and my concern and point of focus is that fact that it has decided to come from an entirely different perspective out of the regular proof of stake of proof of work protocol into its own proof of transaction protocol. what more can be said of technological innovation

[Parodium]

[/URL]

CLICK THE IMAGE TO PARTICIPATE ON THE AIRDROP!

Fixed.

Also note that we have a 1 MILLION TAU + $1,000 BTC debate contest ongoing right now. If you think you've got what it takes to throw down and win the grand prize, feel free to give it a shot in the the thread: https://bitcointalk.org/index.php?topic=4907712.0;topicseen

[malouka]

Good project ,wish them all succes

[JohnJenkins]

Good morning dev's. That is so very nice having now such a great opportunity to invest in a really strong coin ! coin of the future, no doubt! ! To the Moon ! To the Moon ! To the Moon !

[Miles123]

I want to support this kind of project and excited for this to become successful. The team is working well and they really want to build a strong foundation for all the people. Securing the money for community is their will to do.

[Nasima]

Telegram username:@Vivoindian                          Taucoin address: TEoMFTK2Kps89HUZa1Z5nH1XGMZb9knXZt               

[john1010]

At last you open your Airdrop and Bounty, it can help a lot to spread the word of your project in every area of the Internet! Your project is very potential, hope and wish for your success!

[Sone11]

So you will be rewarded by doing transactions. I forgot where did I heard this idea from another project. But it's not called Proof of transaction. So you're the first to coin this word I think. I thought there's no ICO but when I checked the website 74% will be allocated. Would it be too big if you're thinking of the number of transaction and not the volume?

If i understand your question correctly, here is the answer, We use mining club accumulated transaction fee as weight to give probaility for next block generation. We plan to use transaction numbers to replace time interval. Our ICO is for two purpose: 1. Keep lights on in TAU foundation. 2. Distribute TAU coins to massive public by 1 million TAU auction in EOS style daily from Oct 15th. Once TAU reached equliblium with BTC, we will end ICO and do pure bounty program.

I hope you also replicate what the EOS price did.  If this is the case then it would take almost a year as what happened to their project. Slowly but surely. The support should be well established like them.

[Sone11]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

I think yes the utility would really come along when you did a very solid structure. But do you have anything in mind for the purpose in the real world economy? But this is an open one that can be used as well in tech platforms I think.

[Tailor_]

A good promising project, all your ideas, concepts, implementations and your team work was done a great job. So keep it up guys and all the best for your bright future.

[imorpheus]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

I think yes the utility would really come along when you did a very solid structure. But do you have anything in mind for the purpose in the real world economy? But this is an open one that can be used as well in tech platforms I think.

Tau is designed as fast circulation crypto currency. We remove the burden of hardware arms race, block generation time interval constraints, off chain mining club. It is a brand new blockchain to support open use.

[jeizforshort]

[/URL]

CLICK THE IMAGE TO PARTICIPATE ON THE AIRDROP!

Fixed.

Also note that we have a 1 MILLION TAU + $1,000 BTC debate contest ongoing right now. If you think you've got what it takes to throw down and win the grand prize, feel free to give it a shot in the the thread: https://bitcointalk.org/index.php?topic=4907712.0;topicseen

Use this

Code:

[center][URL=https://bitcointalk.org/index.php?topic=4972611.msg44846141#msg44846141][img]https://i.imgur.com/cIVnkWq.png[/img][/URL][/center]

I will try my best to win that contest hahaha. So yeah, goodluck to all participants 

[Bahhouja]

  ;)I don't understand - how can I get the coins of your project

[Hendra Wehr]

Good evening, guys! Thank you for shining the light on trash ICO’s that water down the community with scams and trash ideas that don’t go into fruition all in the hopes of destroying Bitcoin and crypto currencies. Wish good luck to your business guys

[Parodium]

We just published a new article! "The Great TAU Debate" Check it out on Medium now!

And don't forget to participate in our debate, where can win some serious cash! https://bitcointalk.org/index.php?topic=4907712.0

[Inovexvi]

Good morning  I love the concept and the idea that its endorsed by bitcointalk, i just have one advise the website seems to be very outdated, contact me here if you need someone with very good skills to build something as great as this project is going to be was not

[ITRAAJ]

Future i s a better in this coin. I am investing in this project. very big team in this project so I like it.

[Inovexvi]

I see that lately, managers are not actively responding to people's questions. so I think that it's worth asking the question not here, but go to the TV-chat of this project and there learn all the necessary. That would really help the plan to be better

[kayandaberson]

https://i.imgur.com/PWQ0T5w.png


Specifications

Consensus Mechanism: Proof-of-Transaction (PoT)

Genesis Date: August 1st, 2018

Block Time: 1 minute
Block Size: 1MB, future upgrade to auto-size depends on the bandwidth
Possible transactions in 24h: minimum 5,760,000 depends on auto-size
Data directory size: 1440mb/d

Available/Total Supply: 10,000,000,000 TAU

Block Reward: transaction fees only


TAU whitepaper: Find it HERE
TAU website: https://www.taucoin.io
TAU discussion thread: https://bitcointalk.org/index.php?topic=4685802
TAU github page: https://github.com/Tau-Coin


https://i.imgur.com/UTs1C76.png


Features

-Proof-Of-Transaction; the more transactions, the more reward
-Automatic Harvest Club Participation; no work or knowledge
 required in joining a harvest club
-Instant harvesting reward share through “club wiring”
-Near Zero Cost Transaction Fees; most of transaction fees are returned throughout the year.
-One year to accumulate weight; to prevent spam and speculation
-Environmentally friendly consensus mechanism that is secure
- Built 100% from our team (not a fork of an existing coin)
- Test driven development process focused purely on technology first
- First cryptocurrency to focus on the velocity of coin circulation
- First cryptocurrency to give no advantage to hoarding
- First cryptocurrency to have near zero cost transactions in perpetuity



https://i.imgur.com/FCaQP4X.png


https://i.imgur.com/bzflZoy.png


https://i.imgur.com/932UZbt.png

TAU - founding team

Visionary Leader-iMorpheus: A guru in computer and fin-tech, series entrepreneur in many successful internet projects. He believes digital abundance will make world hundred times more wealthy and enjoyable. iMorpheus will lead the vision and core technology development. https://bitcointalk.org/index.php?action=profile;u=2294265

Head Scientist-genie854: genie854 holds a PhD degree in mathematics. He has strong background in mathematical modelling and algorithm design. He has been interested in and working intensively on cryptocurrency and blockchain technologies. genie will be responsible for TAU's technical direction. https://bitcointalk.org/index.php?action=profile;u=2213015

Head of Marketing – Zi Ren Teoh “aka” ikealyou: Youth representative, fashions brand related background, experienced NLP practitioner, online competitive gaming expert. He will be in charge of marketing and keeping the project hip with the youngsters.  https://bitcointalk.org/index.php?action=profile;u=2285902

Strategic Advisor - Dean Pappas “aka” bobthegrownup: Series entrepreneur; Ex-Zeta Global. Over 10 years of experience building and developing teams in high growth startups. He will be advising on TAU team building and community. https://bitcointalk.org/index.php?action=profile;u=2172903

Team expansion:

We at TAU are passionate about this project and will continue to devote 100% of our time to the foundation. TAU’s mission is worthy of more team members and we are actively looking for help in our quest to ending wealth inequality. In preparation for our ICO, it will be very important to have a strong team to present to potential investors. We welcome all applicants that believe in our vision and want to be part of this for the long run.


FAQ

FAQ 1. If transaction number is the weight to generate blocks, how do you prevent speculative transactions from being used to win?

Weight is one year time accumulated on-chain transactions in a harvest club. The reward method is the transaction fee distributed to all historical transaction addresses in the club. The history will go back to 365 days; it shall make speculation and abuse costly and unprofitable. The long time makes speculators wait one year to complete their return cycle. A positive externality of speculative transactions: they will stabilize the transaction fee and guide logical fees quickly, just like derivatives make futures prices logical.


FAQ 2. Why is TAU egalitarian?

The core assumption is: rich people make less essential transactions compared to poor people. Rich people spend more per transaction, but as a group, poor people make more transactions. The reward set will tend to go to a group with more transactions, slowly moving money from the rich set to the poor set.  

FAQ 3. How do you prevent exchange attacks?  Exchanges have higher holding and transaction volume.

Most POS mechanisms are vulnerable to this. However, our novel on-chain transaction counting methods give no advantage to the high holders group. An exchanges internal transactions are not on-chain, so they will not be counted in our proof of transactions. Only money wiring among exchange addresses will be counted, so ultimately an exchange will be treated as a rich person. In POS, large stake holders receive a linear reward. In POT, collectively poor club members are much more pervasive than the rich. It is not in an exchange’s  best interest to burn lots of transaction fees back on chain for a long time.

FAQ 4. Will POT transaction fees be higher than POW and POS ones?

Through research, we discovered that POT transaction fees are not only the cost to pay for validation, but also an “investment” to secure future network income.  Your TAU harvest club will pay back fees for a year according to your shares of historical transactions. POT transaction fees have "investment" naturally built-in.  In contrast, POW fees goes to the cost of electricity. POS fees could be viewed as interest to stake holders. Both cost and interests are sunk without future cash flow.

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  

[Inovexvi]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

[cryptolandlords]

I don't understand - how can I get the coins of your project? Will you have an ICO or airdrop? What form of distribution of your coin do you envisage? And yet-check the availability of your site.

You can get the coin of this project through participating in ICO by purchasing or participating in the bounty campaign and airdrop. Their is a massive allocation for the bounty campaign just make sure you participate diligently.

[Parodium]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

TAUcoin is a pure cryptocurrency without any of the fancy smart-contracting frills. It does exactly what it says on the tin, acts as a unit of currency. However, unlike other cryptocurrencies that are extremely damaging to the environment (PoW-based) and favor the wealthy (PoS-based), TAUcoin instead rewards people for actually transacting with their balance, rather than just holding for speculation unlike many cryptocurrencies. This gives TAU extraordinary utility as it promotes the velocity of money, rather than encouraging the hodl mentality.

[Miles123]

Everyone can really sure that this project will make their promises to the community. We should believe in them and support on their goals for this. They are focused on the money of the people that cannot be thief or get from anyone.

[OlivierAlain]

Nice project, good luck

[synthgauge]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

TAUcoin is a pure cryptocurrency without any of the fancy smart-contracting frills. It does exactly what it says on the tin, acts as a unit of currency. However, unlike other cryptocurrencies that are extremely damaging to the environment (PoW-based) and favor the wealthy (PoS-based), TAUcoin instead rewards people for actually transacting with their balance, rather than just holding for speculation unlike many cryptocurrencies. This gives TAU extraordinary utility as it promotes the velocity of money, rather than encouraging the hodl mentality.

Its adulterated with slithering insects and the end products of the digestive system. Not safe stuff. If u put appalling things that happened to ur portfolio into perspective u will come to the conclusion that sober mind would never regard pow as detrimental to the environment. The scent of ur mentality marks the new high on the graph illustrating the dependence between primitivism in thinking and intensity of ur reek.

[Parodium]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

TAUcoin is a pure cryptocurrency without any of the fancy smart-contracting frills. It does exactly what it says on the tin, acts as a unit of currency. However, unlike other cryptocurrencies that are extremely damaging to the environment (PoW-based) and favor the wealthy (PoS-based), TAUcoin instead rewards people for actually transacting with their balance, rather than just holding for speculation unlike many cryptocurrencies. This gives TAU extraordinary utility as it promotes the velocity of money, rather than encouraging the hodl mentality.

Its adulterated with slithering insects and the end products of the digestive system. Not safe stuff. If u put appalling things that happened to ur portfolio into perspective u will come to the conclusion that sober mind would never regard pow as detrimental to the environment. The scent of ur mentality marks the new high on the graph illustrating the dependence between primitivism in thinking and intensity of ur reek.

Excellent, now try again with the Spanish dictionary.

[Godinez-Myrr]

I am glad that I invested in this business and I think it will only go up from here. If the team is able to bring what they've done so far im 100% sure this business is here to stay and really be one of the better projects out there.

[Sharma001]

Awesome project, this can be reach on moon

[Hespnakindra]

Good morning
Amazing, and amusing. I am in. )))

[synthgauge]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

TAUcoin is a pure cryptocurrency without any of the fancy smart-contracting frills. It does exactly what it says on the tin, acts as a unit of currency. However, unlike other cryptocurrencies that are extremely damaging to the environment (PoW-based) and favor the wealthy (PoS-based), TAUcoin instead rewards people for actually transacting with their balance, rather than just holding for speculation unlike many cryptocurrencies. This gives TAU extraordinary utility as it promotes the velocity of money, rather than encouraging the hodl mentality.

Its adulterated with slithering insects and the end products of the digestive system. Not safe stuff. If u put appalling things that happened to ur portfolio into perspective u will come to the conclusion that sober mind would never regard pow as detrimental to the environment. The scent of ur mentality marks the new high on the graph illustrating the dependence between primitivism in thinking and intensity of ur reek.

Excellent, now try again with the Spanish dictionary.

? U said something incomprehensibly dumb, got corrected whats ur problem now, newbie? U think pow is detrimental to the environment, in what way? U gotta need the graph of a size of montana to see all the spots where ur stinking mentality just topped out. Fucking newbie running through the forums broadcasting pleb opinion. U must be named Tyron because of this and live in the ghetto neighborhood am I right. Go choke on ur ice-cream pie kid.

[Snaguit321]

you add more specific information about this idea, it will be easier to make a decision. i mean,for example, what people get of invest?
Hoping the bounty campaign will be announced shortly. Can not wait to promote this idea!

Hi The bounty and airdrop are currently running, dont miss the chances to participate here are they...

CLICK THE IMAGE TO PARTICIPATE ON THE AIRDROP!

CLICK THE IMAGE TO PARTICIPATE

[emon12]

Very good and awesome project

[DerekHawk]

This business includes a number of the best things: a great team, a great product, a great idea, a great start! I'm sure that the company will take the leading place in this worl

[Parodium]

This business includes a number of the best things: a great team, a great product, a great idea, a great start! I'm sure that the company will take the leading place in this worl

Thanks for the warm regards! We're still in the (relatively) early stages, but we're growing quickly! Don't forget to register your wallet on https://taucoin.io, we're giving everybody 1,000 TAU to start off.

[Sherman-Disp]

Go to the first page of this topic and you will see all the links you need to the business, there will be a link to the social networks of the plan and even to its website.

[Sone11]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

I think yes the utility would really come along when you did a very solid structure. But do you have anything in mind for the purpose in the real world economy? But this is an open one that can be used as well in tech platforms I think.

Tau is designed as fast circulation crypto currency. We remove the burden of hardware arms race, block generation time interval constraints, off chain mining club. It is a brand new blockchain to support open use.

I like the idea of open use. Is it different from open source? But please elaborate more on how this project and your workaround could prevent monopoly in mining or alike. This is one of the weakness of blockchain, even if there's no centralization, monopoly would be an issue. 

[lamiseen]

Talegram: @Lamiseen

Tau wallet: TCo3HnXqnAWdSi58jRoFZ8usGVKdWjmwwM

[chanchal_mahmud]

Talegram: @ch2mahmud5

Tau wallet: TLw65xvzWztE1KChhQtJZv2frMCfNCdBhH

[zee2016]

Very nice airdrop with great team i hope in future this coin will go on moon

[addabenyoucef]

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  Grin

[rummana1234]

Talegram: @dalim4you2

Tau wallet: TBS3CEH5zsUWJCmdN5SGEMMiTms2WboP9p

[Pktunnn]

Very nice project

[krishna787]

that is awesome need some hard work for reach the aim.

[Quangnheoo]

good job.
Name of my telegram: Quang nheoo, Link: t.me/Quangnheo,
TAU Address: TZ28ueUQXKNPH6ZHk9qqGbdRLq8jG2n78E

[ad27000]

Nice project, good luck
 

[Snaguit321]

good job.
Name of my telegram: Quang nheoo, Link: t.me/Quangnheo,
TAU Address: TZ28ueUQXKNPH6ZHk9qqGbdRLq8jG2n78E

Hi guys, the proof of authentication is on bounty and airdrop hehe.

Not here, this is for official discussion please refer to the below link:

https://bitcointalk.org/index.php?topic=4972611.0;topicseen

https://bitcointalk.org/index.php?topic=4961829.msg44738238#msg44738238

[Parodium]

For those of you not following along with the TAUcoin debate, we have written a summary articles outlining some of the major points, we think it's an interesting read!

https://medium.com/tau-foundation/the-great-tau-debate-bbd5e19743fe

Check it out, and don't forget to challenge the founder of TAU himself in our debate thread!

https://bitcointalk.org/index.php?topic=4907712.0

[Snaguit321]

For those of you not following along with the TAUcoin debate, we have written a summary articles outlining some of the major points, we think it's an interesting read!

https://medium.com/tau-foundation/the-great-tau-debate-bbd5e19743fe

Check it out, and don't forget to challenge the founder of TAU himself in our debate thread!

https://bitcointalk.org/index.php?topic=4907712.0

Well said on your articles. This is probably the game changer of the year.

People will definitely look and see the progress of the project.. Most exciting campaign was the debate which is one of a kind.

It helps develop the project as well as lead it to a success~

[Snaguit321]

The project is going good and the community growth was very fast. This is interesting its starting to blow up now.

Team are working tirelessly with the project. This is one of the best coin of 2019 I highly suggest that the people from this forum will support it as well..

[xibeijan]

What's to stop someone from sending infinite amount of transactions and causing hyperinflation and spamming the network?

How to join airdrop?

[Mehrterdnehar]

The business has just started its business development. Already I see activity! I liked the idea of your plan. I will follow the development of the platform in the future!

[imorpheus]

good job.
Name of my telegram: Quang nheoo, Link: t.me/Quangnheo,
TAU Address: TZ28ueUQXKNPH6ZHk9qqGbdRLq8jG2n78E

Hi guys, the proof of authentication is on bounty and airdrop hehe.

Not here, this is for official discussion please refer to the below link:

https://bitcointalk.org/index.php?topic=4972611.0;topicseen

https://bitcointalk.org/index.php?topic=4961829.msg44738238#msg44738238

It is Proof of transaction. Proof of authenticity is a centralized consensus. We love everything onchain including speedup plan.

[imorpheus]

Greetings,
What will be transaction fees, when all this conversions kick in? What is the minimum to invest in the plan? What will be incentives for the merchants?

We do not set trx fee. It is competitive based. We have not started ico, pls stay tuned.

[imorpheus]

What's to stop someone from sending infinite amount of transactions and causing hyperinflation and spamming the network?

How to join airdrop?

For next block probability counting, we use accumulated trx fees in the mining club , so sybil attack and meaningless trx is resisted. We have a huge discussion on this in the debate and white paper. This is key area we have handled.

[VestRidCr]

The project is going good and the community growth was very fast. This is interesting its starting to blow up now.

Team are working tirelessly with the project. This is one of the best coin of 2019 I highly suggest that the people from this forum will support it as well..

It is too early to make forecasts for 2019) For this year all also predicted an unprecedented growth, and as a result the market has an unprecedented fall))

[imorpheus]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

I think yes the utility would really come along when you did a very solid structure. But do you have anything in mind for the purpose in the real world economy? But this is an open one that can be used as well in tech platforms I think.

Tau is designed as fast circulation crypto currency. We remove the burden of hardware arms race, block generation time interval constraints, off chain mining club. It is a brand new blockchain to support open use.

I like the idea of open use. Is it different from open source? But please elaborate more on how this project and your workaround could prevent monopoly in mining or alike. This is one of the weakness of blockchain, even if there's no centralization, monopoly would be an issue. 

We are open source for sure. Onchain mining club and onchain voting system is our way to prevent monopoly. . This is deep thought to use of decentralized freedom of selection to beat central miner. Also transactions are user behavior very pervasive along time. This is very decentralized.

[koralan]

I learned about the TAU project, I do not understand yet when joining a self-managed club there is no job or knowledge required to join a harvest club. So what does the participant have to do?

[imorpheus]

Good day,
Guys, just can your project be explained in < 60 seconds? And what purpose does the blockchain have in your idea? What role does the coin have? Thanks

TAUcoin is a pure cryptocurrency without any of the fancy smart-contracting frills. It does exactly what it says on the tin, acts as a unit of currency. However, unlike other cryptocurrencies that are extremely damaging to the environment (PoW-based) and favor the wealthy (PoS-based), TAUcoin instead rewards people for actually transacting with their balance, rather than just holding for speculation unlike many cryptocurrencies. This gives TAU extraordinary utility as it promotes the velocity of money, rather than encouraging the hodl mentality.

Its adulterated with slithering insects and the end products of the digestive system. Not safe stuff. If u put appalling things that happened to ur portfolio into perspective u will come to the conclusion that sober mind would never regard pow as detrimental to the environment. The scent of ur mentality marks the new high on the graph illustrating the dependence between primitivism in thinking and intensity of ur reek.

Excellent, now try again with the Spanish dictionary.

? U said something incomprehensibly dumb, got corrected whats ur problem now, newbie? U think pow is detrimental to the environment, in what way? U gotta need the graph of a size of montana to see all the spots where ur stinking mentality just topped out. Fucking newbie running through the forums broadcasting pleb opinion. U must be named Tyron because of this and live in the ghetto neighborhood am I right. Go choke on ur ice-cream pie kid.

i am a technical person willing to debate on specific technology. Welcome your technology criticism. We create a debate bounty to reward people to proof we are wrong early and fast.

[imorpheus]

I learned about the TAU project, I do not understand yet when joining a self-managed club there is no job or knowledge required to join a harvest club. So what does the participant have to do?

Pls checkout white paper. Non miner just need to signal who represents your mining power. Miner needs to run a node so technology is needed.

[Chibisok4a4a4a]

Кaкoвы бyдyт тpaнзaкциoнныe cбopы, кoгдa нaчнyтcя вce эти кoнвepcии? Кaкoв минимaльный oбъeм инвecтиций в плaн?

[Tanakaneko]

Given the operation of the reward mechanism in the proof of transactions algorithm, I understand that interest in the network will arise if there are really a lot of transactions (in order to receive a reward), and therefore the question arises of the further development of the network, its application, implementation. Do you have any examples of projects working on this network or are any large investors interested in this technology?

[awais005]

good project and very good articalls

[commander11]

Greetings,
What will be transaction fees, when all this conversions kick in? What is the minimum to invest in the plan? What will be incentives for the merchants?

Code:

We do not set trx fee. It is competitive based. We have not started ico, pls stay tuned. 
 

Base on this statement, what is the specific ratio of reward and TX fee set in order to get rid of that unwanted spam transaction made by any delegates who wants to increase their harvest club rewards by inflating the transaction volume.

Tx fee should be way higher than reward.

[stingdau]

how to buy or sell, how much is the minimum for purchase, and when will this project be completely finished or successful

[imorpheus]

Greetings,
What will be transaction fees, when all this conversions kick in? What is the minimum to invest in the plan? What will be incentives for the merchants?

Code:

We do not set trx fee. It is competitive based. We have not started ico, pls stay tuned. 
 

Base on this statement, what is the specific ratio of reward and TX fee set in order to get rid of that unwanted spam transaction made by any delegates who wants to increase their harvest club rewards by inflating the transaction volume.

Tx fee should be way higher than reward.

Rewards is from transaction fee. Miner get a portion. Remaining goes to club members. Meaningless transactions is not economic due to we use fee accumulation to weight of block gen.

[Snaguit321]

I don't understand - how can I get the coins of your project? Will you have an ICO or airdrop? What form of distribution of your coin do you envisage? And yet-check the availability of your site.

There is ongoing bounty and promotion as well as debate. dont be to late and participate now..

ICO is set on oct. 15 2018~

[Parodium]

Don't forget to check out the TAU debate guys, you've got the possibility of winning 1 MILLION TAU and $1,000 in BTC! There hasn't been too many entries yet, so there's still a great chance to win!

https://bitcointalk.org/index.php?topic=4907712.0 <<      LINK     

[imorpheus]

Hello  I've just one question to you. What is the amount or percentage of funds from ICO that will be alocated for advertising and marketing?

Very significant part will on that.

[Eiland_Tichag]

Good evening there.
Wow this seems like a really serious and interesting business. I will keep track of this! I also like the whitepper, it shows the potential of the business!

[Ashraf47]

This is a very impressing Project

[poer]

https://www.taucoin.io/account/login?referralURL=99ae896fa66d79ac4c55dbee4c76377ae2ddb05b1a218914b2585d1bc4d1e623

[Ranillo79]

The business has just started its business development. Already I see activity! I liked the idea of your plan. I will follow the development of the platform in the future!

yes,  i also keep updated for the development and till now im quite interested about the future. This is a coins not ordinary token. My old crypto family keep saying coins is better than altcoins so glad to see project like this

[yeunhaudikk]

The operation of this business is very good. It grows in the future. TAU can top 5 in the rankings.

[rudox]

The advent of Proof Of Transaction (POT) is innovative and it is only identified with TauCoin  and has advantage of a better scalability more than any other platform and users are also incentivized by making use of the platform.

[sanjidahmed399]

Wow this seems like a really serious and interesting business. I will keep track of this! I also like the whitepper,

[rapi]

I pay attention and I am very interested in this project, but I want to know when the prize launch will begin. Maybe I will consider and will join this project.

[cryptokingdom]

If we count from today still there are several months to complete the crowdfunding and then rest of the work. My question is do not you think all this time is too long to compete with other businesss which are already working on the similar idea ?

In order to do a great job, Tau have a good concept and a great term that knows exactly what they are doing. So the timing do not matter provided the road map is followed accurately and success is achieved.

[selemeselman]

güzel proje herkese tavsiye ederim bunun için çok çalıştıklarını ve çok çaba sarf ettiklerini anla ve bu çok güzel projeye katıl ve paylaş
hakikaten güzel ve çok özel bir projeye imza atmışlar onun için tebrik eder yeni proje ve yöntemlerin sunulmasını isterim

[Parodium]

I pay attention and I am very interested in this project, but I want to know when the prize launch will begin. Maybe I will consider and will join this project.

The debate challenge is already ongoing, you can take part in the thread below;

https://bitcointalk.org/index.php?topic=4907712.0

Good luck!

[bobthegrownup]

Be prepared to start mining soon! We are going to have a new bounty to bring in new miners. Get your GitHub on!

[imorpheus]

We desperately need community to criticize and attack our plan. New white paper will be published in 24 hours ...

[john1010]

I like the newest features of this project, one of the thing I consider is the security and the Proof of Transaction features that are really add more value for this coin.

[caburei]

Telegram: @caburei001
TAU Wallet:  TEysziC8F2QUhpGUh3rXLPGFXkLmkTEaxt

[john1010]

We desperately need community to criticize and attack our plan. New white paper will be published in 24 hours ...

I called this strategy as a PARADIGM SHIFT!!   other project here are encouraging their community to post favorable comment and Praise, your team are willing to criticize.. That's awesome.. I'm in!!

[cryptocurrenciesboom]

Due to the fact that the development team looks confident and actively communicating at the forum, probably many people would like to know a little more where and in what projects you worked before? And is it planned to replenish the team, because the site is represented only 4 peoply or is this the whole staff?

[prinkingle]

Attentive dev team, active community and a coin that has a purpose beyond just existing. I dig, man, I dig. I see this coin as one that will establish a place beyond the coin exchanges to be used in the real world.

[imorpheus]

Due to the fact that the development team looks confident and actively communicating at the forum, probably many people would like to know a little more where and in what projects you worked before? And is it planned to replenish the team, because the site is represented only 4 peoply or is this the whole staff?

We have about 10 people full time working on the project and many partimer community contributors. We are lucky to have enthusiastic folks onboard to focus on core technology. We have not spent time in polishing website, but lots of time in deep dive of what future world look like as well as how their currency look like.

[Snaguit321]

If we count from today still there are several months to complete the crowdfunding and then rest of the work. My question is do not you think all this time is too long to compete with other businesss which are already working on the similar idea ?

In order to do a great job, Tau have a good concept and a great term that knows exactly what they are doing. So the timing do not matter provided the road map is followed accurately and success is achieved.

The TAU is still under development. Team focus on success and growth of the project, I am in their developer group and they work tirelessly to achieve their goals.

I agree with you, this kind of project are the one we have to support.

[Snaguit321]

Attentive dev team, active community and a coin that has a purpose beyond just existing. I dig, man, I dig. I see this coin as one that will establish a place beyond the coin exchanges to be used in the real world.

Adoption is quite near, just 2 steps away. next week the release of their mobile wallet and probably starts of mainnet. I dig and Dig more as well for this project. The potential growth percentage is higher compare to other projects. well I dont have anything to compare TAU they are the first POT, my support for this project will be 101% regardless of span of their development..

[Snaguit321]

I can compare this project into EOS as the team really giving the coomunity a voice to share what was needed to improve. For an average person this kind of attitude is what we need in order to improve stuff. Look at what EOS stand now. There's a chance Taucoin can completely go on a super level wherein this kind of technology they are introducing could be massively adopted by different blockchain out there. Usually projects start their ICO first before showing off on their proud tech but this one is different since they already showing us what taucoin would be and the development is fast actually. On October 1, they will release the web wallet without attached to the facebook accounts. This is a smart move knowing that wallet associated with bots can be scary and full of tricks.

Yes, Their ICO somehow similar to EOS. Focus on community growth and massive adoption = GG 

[imorpheus]

I promise we will hard work to bring about a non-inflation coin built on assumption of the future world, that is digital abundance rather than asset or energy abundance. Fast, fair, pervasive and clean.

[KirchhoferAmop]

Good day,
This project is really valuable. Serious goals, determinant team and clear plan
I'd like to join your team
If Arabic translation is needed, pm me

[imorpheus]

Thx a lot. Telegram me iMorpheusTau.

[Hidemeb4]

This an interesting project that every individual need to invest in taucoin.

[thorRJ]

Website : TAU proposes a fast circulation currency without inflation.

Being a currency without inflation, will it always be a fixed price? Being a list in exchanges, how does it hold a value in which it is not inflated?

[imorpheus]

Website : TAU proposes a fast circulation currency without inflation.

Being a currency without inflation, will it always be a fixed price? Being a list in exchanges, how does it hold a value in which it is not inflated?

My understanding of inflation is the annual increase of currency supply to the total pool, assume domestic production is the same, more currency issued decreased value of that currency. In coins exchange, the up and down rate between coins are not consider inflation.

[imorpheus]

Who is on the team, what are their backgrounds & credentials, and do they have any public track records? Where are you physically based out of? How many tokens will be owned by the foundation & founders? Is there a vesting schedule?

Thanks. You have very valid questions. We choose to open source, open data and open content on all of our work. However, a portion of team is in the region legally uneasy about cryto currency, to ensure project progressing, we can not release full team profile. Four of the team resume is shown with solid background content. For coins allocation, please check our coins allocation on the whitepaper and web. Vesting schedule is executed as traditional 4 year and 1 year clif, this will be ensured by foundation.
TAU are native coins, not erc 20 tokens. Hope you like it.

[rhomelmabini]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

[cramerceep]

With this project the more transactions, the more reward, no work or knowledge required to join a club harvest. Share instant rewards harvested through "rope club". The process of test development to focus entirely on the technology first, the electronic money first focus on the velocity circulation coins, electronic money first no advantage to hoard, electronic money first transaction costs near zero forever. I realized when joining this project we will have too many benefits and opportunities for development.

[imorpheus]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

[Parodium]

Glad to see so TAU getting so much attention, if anybody is looking to become a miner, simply join our Telegram community https://t.me/taucoin and we will help you get started. Don't forget that we have a generous TAU reward for our first miners as an incentive to get started!

[rudox]

I want  the project team to come out and give us the assurance of how water tight is the security system of the platform is. and what are the suspected attack point for the hackers and what has been done to firmly mitigate those anticipated attacks. This if when done will increase the trust and reliability of the system to all including new client.

[tippytoes]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?

[Mixon_Orlando]

This is a business that addresses the people’s problem and pays for the goods. The allocation of funds on each business item is one of the factors that can compete with other ideas for the same purpose in the market. The community paid much attention to the issue. Can you share more detail?

[Ted King]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?

A very interesting and important question is, will the transaction fee vary depending on the network load or the price of the coin?

[Campuzano_Leandro]

This blockchain is quite stable. I've seen many coins recently that keep on forking even after dev patches. This one has Pow/Pos/Mn going on so it seems it is hard to attack. The team is also very professional on discord, I believe this one can survive past the incertitude phase. Good Luck

[KnyazED]

This an interesting project that every individual need to invest in taucoin.

it is worth focusing on the main advantages and disadvantages of the project, its prospect, the composition of the team, the work of the team, support. and then draw conclusions about the degree of success of the project. this can be done only by having a good idea of the main points of the project.

[goldkingcoiner]

TAU introduces a new never before thought of concept and I do not doubt that while simple, it is quite genius. A proof of transaction is exactly what was missing in the world of crypto! This is going to be a very successful project!

[rhomelmabini]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

In case of attacks does TAU better than bitcoin? Glad to see the team is doing might on the best of the project to get better results. Thanks for the fast response just like on the telegram group and discord.

[sacloci]

If make the pre-sale period longer would boost the interest as sometimes when presale periods are long, interest slowly drops as lot of people can't afford to invest sums needed during presale.Good partnerships keep people interested and focused on business.

[imorpheus]

I want  the project team to come out and give us the assurance of how water tight is the security system of the platform is. and what are the suspected attack point for the hackers and what has been done to firmly mitigate those anticipated attacks. This if when done will increase the trust and reliability of the system to all including new client.

Blockchain security comes from many ways and evolving. Tau foundation will never claim we solve the security problem once for all. I am more believe in this is a forever battle to acheive high security. We are collecting all wisdom from debate and our searching. We believe we have following potential threat covered in whitepaper:
1. Speculation transactions and Sybil attack
2. 51% attack or super power attack
3. Club leader corruption
4. Transaction fee surge attack
5. Many more too come
The core of our believe in security is that we believe Tau generate security from onchain data, transaction, rather than from offchain hardward racing and asset holding. The richness and perversiveness of transaction data is more secure than more people using. That is the design goal. Are we there yet? No, but we are working hard towards that goal.

[imorpheus]

In case of attacks does TAU better than bitcoin? Glad to see the team is doing might on the best of the project to get better results. Thanks for the fast response just like on the telegram group and discord.

TAU and bitcoin are secure in different ways. TAU is more secure when more transaction happens, because thats the source of security in POT. For smaller transaction number, bitcoin is super secure until 51% attack happen. TAU security is pledge on the future massive transaction happens on chain, those transactions will self create the security.

[Will-Natsu]

Good night
Can you explain to me in a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?

[imorpheus]

a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?

...just wrote this on the plane...fresh...
We proposes a fast circulation currency without inflation. Users collectively grow and secure the network by doing commoner’s behavior - transactions. With the technology innovation of "Proof Of Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW.
Low barrier to coins, voting and rewarding for commoners are TAU implementation of fairness. Different from other systems, TAU aims the more transaction abundance, the higher speed and the lower total cost.
Bitcointalk.org is all we need for advertising and investor relation... i love bitcointalk...

[Ted King]

a simple and clear way what your plan is and what it does? Is there advertising? How do investors learn about new ideas?

...just wrote this on the plane...fresh...
We proposes a fast circulation currency without inflation. Users collectively grow and secure the network by doing commoner’s behavior - transactions. With the technology innovation of "Proof Of Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW.
Low barrier to coins, voting and rewarding for commoners are TAU implementation of fairness. Different from other systems, TAU aims the more transaction abundance, the higher speed and the lower total cost.
Bitcointalk.org is all we need for advertising and investor relation... i love bitcointalk...

I agree, bitcointalk is an excellent platform, where there is a large community of crypto-currencies, but you will not use social networks other than FB?

[cryptocurrenciesboom]

Due to the fact that the development team looks confident and actively communicating at the forum, probably many people would like to know a little more where and in what projects you worked before? And is it planned to replenish the team, because the site is represented only 4 peoply or is this the whole staff?

We have about 10 people full time working on the project and many partimer community contributors. We are lucky to have enthusiastic folks onboard to focus on core technology. We have not spent time in polishing website, but lots of time in deep dive of what future world look like as well as how their currency look like.

From one point of view it is correct that you are deeply immersed in the process of implementing a work product, which will be a weighty argument for attracting investors, but from another point of view, because investors will first of all visit your site, and if it is not saturated with an important information, then this can lead them into doubts about the possible investment! Thank you!

[goldkingcoiner]

If make the pre-sale period longer would boost the interest as sometimes when presale periods are long, interest slowly drops as lot of people can't afford to invest sums needed during presale.Good partnerships keep people interested and focused on business.

There is a golden line between interest in a product and availability. I guess you need to concentrate on the psychology of FOMO. But that only works if your promised product has any integrity and stability in the first place. TAU seems to have all the right piece in place.

[Snaguit321]

For years and years what would be the most helfpul use cases of TAU in the world of cryptocurrency. TAU uses similarities of NXT and Bitcoin will this be inflationary too?

Tau aims to be the day to day crypro payment coin. On the inflation side, we are fixed amount and mint on day one. This is very different from bitcoin.

If you are aiming to be a crypto payment coin, do you have the list where can we possibly use TAU? And what you meant by fixed amount is - you will still pay for the same amount of TAU in a certain item even if the value of TAU in the market becomes lower?

A very interesting and important question is, will the transaction fee vary depending on the network load or the price of the coin?

I believe as per the whitepaper the free for mining will be fix, and rewards for miner will be distributed by mining club leader depending on any amounts they want. If leaders goes to away not to deliver good percentage there will be voting within the chain..

[jpnl0002]

it is good to have a valid team with enough brains and loads of creativity working together to bring about a new and different approach to the way in which this crypto currency is mined. we are having a disruption in the conventional cryptocurrency mining and that is a welcome development.

[imorpheus]

I agree, bitcointalk is an excellent platform, where there is a large community of crypto-currencies, but you will not use social networks other than FB?

We will use social network when we have initial momemtum on bitcointalk. Using FB is largely to prevent robots to get coins. Google accounts and many more will come soon.

[cryptocurrenciesboom]

Help to understand the economy of distribution of tokens, in particular bounty!

8% of the total pool of tokens will be allocated for the bounty, which is 800 million. For 16 weeks (this is time before the end of 2018, when ICO starting in October), participation in the signature bounty company will be distributed only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

[goldkingcoiner]

it is good to have a valid team with enough brains and loads of creativity working together to bring about a new and different approach to the way in which this crypto currency is mined. we are having a disruption in the conventional cryptocurrency mining and that is a welcome development.

Yeah and their entire concept revolves not only around a single idea but has actual evidence that it works and that they already have a working version which they are updating and making better all the time. Nothing shady unlike other most icos....

[Snaguit321]

Help to understand the economy of distribution of tokens, in particular bounty!

8% of the total pool of tokens will be allocated for the bounty, which is 800 million. For 16 weeks (this is time before the end of 2018, when ICO starting in October), participation in the signature bounty company will be distributed only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

There are running campaign over website as well, referrals and for the signature this is plan to have weekly rate not just 16m it may continue til the end.

This such kind of statistic maybe share soon by core team. Nothing to worry about this they are transparent!

[Usretangna]

Hello Team, can you elaborate on the Physical POS Terminal i read on Ann page? Does it means that there will be POS on mobile as well?
Do you have a bounty program?

[imorpheus]

Hello Team, can you elaborate on the Physical POS Terminal i read on Ann page? Does it means that there will be POS on mobile as well?
Do you have a bounty program?

Tau aims to be day to day payment currency. We will support mobile wallet and mobile nodes.
Please check taucoin.io wallet to find bounty program. We are running massive bounty program.

[imorpheus]

....only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

This such kind of statistic maybe share soon by core team. Nothing to worry about this they are transparent!

We will run the bounty program for many years via variety of styles. Bounty program is to reduce the entry barrier for people to get some coins by doing a bit work. We view it as distribution strategy.

[Purpvirbpasca]

Greetings,
Certainly, agree with the fact that the Internet has become the first part of the revolution. The other part is the technology of blockchain and cryptocurrency. I hope you devs realize these plans and will give guaranteed revenues to the crypto industry

[Sone11]

We are still focusing on technology development of mainnet, wallet, auto block interval and on chain voting. No price will set for TAU from foundation angle. We love to work with all partners to use TAU and exchangers to list TAU. We want to do a good infrastruture job, currently not plan to find specific utility and do exchange by our self.

I think yes the utility would really come along when you did a very solid structure. But do you have anything in mind for the purpose in the real world economy? But this is an open one that can be used as well in tech platforms I think.

Tau is designed as fast circulation crypto currency. We remove the burden of hardware arms race, block generation time interval constraints, off chain mining club. It is a brand new blockchain to support open use.

Those are the reason why I support this project. New concept is very much needed in this time of crisis to still maintain the integrity of the field. Just don't forget to make it as simple as possible for the mass to adopt easily.

[Ted King]

I agree, bitcointalk is an excellent platform, where there is a large community of crypto-currencies, but you will not use social networks other than FB?

We will use social network when we have initial momemtum on bitcointalk. Using FB is largely to prevent robots to get coins. Google accounts and many more will come soon.

I like that the team has not only an excellent idea, but also actively promotes its project on the Internet. A very good decision to use FB, but will there be other possibilities in the future to create a wallet?

[JoelFa]

It'strue that in todays market it's very hard to have an original idea, it's just overpopulated. But you can have an original approach to the same idea. That can be the difference.

[Miles123]

In this project, they are using POW and POS to help the world of blockchain today. It aims to secure the network of the users. You can get a huge profit in the future and you'll become wealthy. Everyone can trust this.

[Sone11]

It'strue that in todays market it's very hard to have an original idea, it's just overpopulated. But you can have an original approach to the same idea. That can be the difference.

Yes perhaps but it's now a race of who will do those ideas. So it's a matter of execution. We'll see how TAU will do to keep up especially in this hard times. We have to rely on the market sentiment and the power of this project execution and strategy.

[rhomelmabini]

Is it really necessary for a club leader to run a full node to participate in mining? How many nodes to run a full node?

[imorpheus]

I am waiting to read more details about this POT and its value to the community which I need more insights about. When is your whitepaper ready?

https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf

[jpnl0002]

the new orientations in technology brings about a different approach to the way things are been done and also the pace at which we concluded desired or required task with the aid of this deployed technological innovation skills.

[imorpheus]

Foundation weekly update sept 9th.
https://www.reddit.com/user/wuzhengy1018/comments/9e8tc7/tau_foundation_weekly_update_sept_9th/?st=JLU5DNXR&sh=68f7a8d5

[Miles123]

This project helps the users to pay a lower cost in their transaction and it will make the process faster. You can participate here without any knowledge because anyone can use a node on any devices. They will secure your network.

[Miles123]

Tau will bring the fairness for everyone and it is the first proof of transaction. They will not favor any wealthy participants, instead supporting each other. This is environmentally friendly to all networks and it will increase the cryptocurrency circulation.

[charingane01]

RESERVED FOR ARABIC TRANSLATION.

[JimRa]

Open API means that developers and will have access to data and app and will have ability to develop on it and from it further to make additional features , other applications that communicate with this one to make a better solutions and similar things like that.

[goldkingcoiner]

Open API means that developers and will have access to data and app and will have ability to develop on it and from it further to make additional features , other applications that communicate with this one to make a better solutions and similar things like that.

And if the past is any great indicator for the future, an open API will always be updated and improved to meet the modern standards for blockchain cryptocurrencies operating with API. I think an improvement could be if  the API had a thread for ideas and concerns where developers could read and think of new things for the api.

[eleise]

https://i.imgur.com/PWQ0T5w.png


Specifications

Consensus Mechanism: Proof-of-Transaction (PoT)

Genesis Date: August 1st, 2018

Block Time: 1 minute
Block Size: 1MB, future upgrade to auto-size depends on the bandwidth
Possible transactions in 24h: minimum 5,760,000 depends on auto-size
Data directory size: 1440mb/d

Available/Total Supply: 10,000,000,000 TAU

Block Reward: transaction fees only


TAU whitepaper: Find it HERE
TAU website: https://www.taucoin.io
TAU discussion thread: https://bitcointalk.org/index.php?topic=4685802
TAU github page: https://github.com/Tau-Coin


https://i.imgur.com/UTs1C76.png


Features

-Proof-Of-Transaction; the more transactions, the more reward
-Automatic Harvest Club Participation; no work or knowledge
 required in joining a harvest club
-Instant harvesting reward share through “club wiring”
-Near Zero Cost Transaction Fees; most of transaction fees are returned throughout the year.
-One year to accumulate weight; to prevent spam and speculation
-Environmentally friendly consensus mechanism that is secure
- Built 100% from our team (not a fork of an existing coin)
- Test driven development process focused purely on technology first
- First cryptocurrency to focus on the velocity of coin circulation
- First cryptocurrency to give no advantage to hoarding
- First cryptocurrency to have near zero cost transactions in perpetuity



https://i.imgur.com/FCaQP4X.png


https://i.imgur.com/bzflZoy.png


https://i.imgur.com/932UZbt.png

TAU - founding team

Visionary Leader-iMorpheus: A guru in computer and fin-tech, series entrepreneur in many successful internet projects. He believes digital abundance will make world hundred times more wealthy and enjoyable. iMorpheus will lead the vision and core technology development. https://bitcointalk.org/index.php?action=profile;u=2294265

Head Scientist-genie854: genie854 holds a PhD degree in mathematics. He has strong background in mathematical modelling and algorithm design. He has been interested in and working intensively on cryptocurrency and blockchain technologies. genie will be responsible for TAU's technical direction. https://bitcointalk.org/index.php?action=profile;u=2213015

Head of Marketing – Zi Ren Teoh “aka” ikealyou: Youth representative, fashions brand related background, experienced NLP practitioner, online competitive gaming expert. He will be in charge of marketing and keeping the project hip with the youngsters.  https://bitcointalk.org/index.php?action=profile;u=2285902

Strategic Advisor - Dean Pappas “aka” bobthegrownup: Series entrepreneur; Ex-Zeta Global. Over 10 years of experience building and developing teams in high growth startups. He will be advising on TAU team building and community. https://bitcointalk.org/index.php?action=profile;u=2172903

Team expansion:

We at TAU are passionate about this project and will continue to devote 100% of our time to the foundation. TAU’s mission is worthy of more team members and we are actively looking for help in our quest to ending wealth inequality. In preparation for our ICO, it will be very important to have a strong team to present to potential investors. We welcome all applicants that believe in our vision and want to be part of this for the long run.


FAQ

FAQ 1. If transaction number is the weight to generate blocks, how do you prevent speculative transactions from being used to win?

Weight is one year time accumulated on-chain transactions in a harvest club. The reward method is the transaction fee distributed to all historical transaction addresses in the club. The history will go back to 365 days; it shall make speculation and abuse costly and unprofitable. The long time makes speculators wait one year to complete their return cycle. A positive externality of speculative transactions: they will stabilize the transaction fee and guide logical fees quickly, just like derivatives make futures prices logical.


FAQ 2. Why is TAU egalitarian?

The core assumption is: rich people make less essential transactions compared to poor people. Rich people spend more per transaction, but as a group, poor people make more transactions. The reward set will tend to go to a group with more transactions, slowly moving money from the rich set to the poor set.  

FAQ 3. How do you prevent exchange attacks?  Exchanges have higher holding and transaction volume.

Most POS mechanisms are vulnerable to this. However, our novel on-chain transaction counting methods give no advantage to the high holders group. An exchanges internal transactions are not on-chain, so they will not be counted in our proof of transactions. Only money wiring among exchange addresses will be counted, so ultimately an exchange will be treated as a rich person. In POS, large stake holders receive a linear reward. In POT, collectively poor club members are much more pervasive than the rich. It is not in an exchange’s  best interest to burn lots of transaction fees back on chain for a long time.

FAQ 4. Will POT transaction fees be higher than POW and POS ones?

Through research, we discovered that POT transaction fees are not only the cost to pay for validation, but also an “investment” to secure future network income.  Your TAU harvest club will pay back fees for a year according to your shares of historical transactions. POT transaction fees have "investment" naturally built-in.  In contrast, POW fees goes to the cost of electricity. POS fees could be viewed as interest to stake holders. Both cost and interests are sunk without future cash flow.

update: 8/2 - YOU ARE LUCKY YOU SAW THIS we're opening a 24HR FACEBOOK FAUCET FOR THE LAUNCH OF TAUCOIN

GO TO TAUCOIN.IO AND CLAIM YOUR INSTANT WALLET AND COINS  

[Wilson.Protar]

Could you please let us all know how you plan on meeting security challenges such as hack attack or ddos? As I know this is the main problem of 21st century.

[imorpheus]

Could you please let us all know how you plan on meeting security challenges such as hack attack or ddos? As I know this is the main problem of 21st century.

Please check out our white paper on attacks. Ddos is not a problem for any permission-less blockchain system.

[Camus]

What will be the commission for internal transactions? To implement the project, it is important to have a competitive development strategy.

[imorpheus]

What will be the commission for internal transactions? To implement the project, it is important to have a competitive development strategy.

The current commission is 250 itau. When more transactions and miners joined, this will increase.

[rhomelmabini]

Does the platform for making wallet in TAU be only through Facebook? Do you plan to make it more in the coming months or years on other social media platforms on making wallets?

[Gardner.Midi]

Is the private sale bonus fixed,or it depends on the amount invested? How do you plan to attract merchants to use the tokens?

[imorpheus]

Does the platform for making wallet in TAU be only through Facebook? Do you plan to make it more in the coming months or years on other social media platforms on making wallets?

We will add google as well. Not sure about other social media yet.

[imorpheus]

Is the private sale bonus fixed,or it depends on the amount invested? How do you plan to attract merchants to use the tokens?

Tau never did private sale. The needs for merchants is they need more customers that is many people holding a coin. Number of users is everything, with that merchants will find way to participate. Our current priority is to increase users base through massive bounty and tau/btc exchange.

[Ted King]

What will be the commission for internal transactions? To implement the project, it is important to have a competitive development strategy.

The current commission is 250 itau. When more transactions and miners joined, this will increase.

And what if the price of a coin increases? The situation is likely then that the transaction fee will be very expensive.

[imorpheus]

What will be the commission for internal transactions? To implement the project, it is important to have a competitive development strategy.

The current commission is 250 itau. When more transactions and miners joined, this will increase.

And what if the price of a coin increases? The situation is likely then that the transaction fee will be very expensive.

When transactions flood, block generation time is no longer associate to 60 seconds, it will be automatically switch to every 5000 transaction per block. This will keep transaction fee low. Automatic block and time internval is our way to implement the more transaction the faster and lower cost vs POW coins the more transactions the higher cost in energy.

[SeanW]

Hello,  Hm, sounds interesting. I will definitely consider this for my future investment. J
I'll probably have some questions later when get to know closer with the whitepaper...

[Miles123]

Tau is a smart money that encourages everyone to join here. You can earn their tokens by participating their bounties. Invest and earn more to get that goal in the future. They promise that the fees will be always stay low.

[rhomelmabini]

Does the platform for making wallet in TAU be only through Facebook? Do you plan to make it more in the coming months or years on other social media platforms on making wallets?

We will add google as well. Not sure about other social media yet.

Okay. Thanks for the response but hoping more social media platforms will be added so soon.

[FeiibuuMar]

Can't wait for the alpha release of the platform. It will help the business a lot, because it will show what the true potential this project has. As already said there is massive money in the intermodal industry and they really need solutions for their logistic problems. If done right (and I beleive in the team) it could be a revolution in that field.

[Snaguit321]

What will be the commission for internal transactions? To implement the project, it is important to have a competitive development strategy.

The current commission is 250 itau. When more transactions and miners joined, this will increase.

And what if the price of a coin increases? The situation is likely then that the transaction fee will be very expensive.

When transactions flood, block generation time is no longer associate to 60 seconds, it will be automatically switch to every 5000 transaction per block. This will keep transaction fee low. Automatic block and time internval is our way to implement the more transaction the faster and lower cost vs POW coins the more transactions the higher cost in energy.

How accurate 5k transaction per block, does that mean the 60 seconds will only associate at first adoption?

My understanding is the more transaction is created the faster and pervasive we have on this chain.

Yet, current commission was decrease by .025 per transaction or its just round off to 10 to 8 Decimals?

[Snaguit321]

Hello,  Hm, sounds interesting. I will definitely consider this for my future investment. J
I'll probably have some questions later when get to know closer with the whitepaper...

Future and reliable new blockchain technology. There is active CM may answer you on their official channel she might answer you on all of your question.

Lets support this project. Its a win win situation to all early adapter~

[Roufidapoc]

This is a idea that addresses the people’s problem and pays for the goods. The allocation of funds on each project item is one of the factors that can compete with other projects for the same purpose in the market. The community paid much attention to the issue. Can you share more detail?

[cryptocurrenciesboom]

....only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

This such kind of statistic maybe share soon by core team. Nothing to worry about this they are transparent!

We will run the bounty program for many years via variety of styles. Bounty program is to reduce the entry barrier for people to get some coins by doing a bit work. We view it as distribution strategy.

Even if half of the 800M tokens are distributed as an airdrop, then it will take 7.5 years to distribute the remainder to the signature company. Similar programs are available for example from the AELF project, but there it will last for 3 years.
Given such a long time period, in fact you will freeze from 8% to 0% of tokens, which artificially should create a price increase. However, if this is the vision of the project developers, many would like to see a detailed work plan with 800M tokens for bounty (in whitepaper for example). In order to they were not appear in someone's hands and were not appear on the exchange, how will they be controlled? Will they be assembled in one spesial wallet address, will people be able to audit the transactions of tokens intended for bounty?

[MarkLer]

Market be more and more manipulative. It'snot so good situation. Investing in few altcoins in which technology you believe it is everything which i recommend to you.

[imorpheus]

Good night,
I wonder if you have a dedicated team for PR and marketing and how much funding will go into marketing? It isimportant aspect of each business these days. So?

We always believe great product and better user experiences is key to the community. So we are focusing very much on how to many current users happy at current stage. The key element for a happy TAU users are easy user interface, liquidity, circulation, low entry barrier and sustainable infrastructure. We are spending some money on PR to just kick off the momentum.

[imorpheus]

This is a idea that addresses the people’s problem and pays for the goods. The allocation of funds on each project item is one of the factors that can compete with other projects for the same purpose in the market. The community paid much attention to the issue. Can you share more detail?

We keep 18% of total token for foundation maintenance and the team. 82% will be distributed through bounty programs and TAU Exchange. Bounty programs is to reduce the entry barrier to get tau. The exchange is to make coin liquidable for all user. There are 5 bounties now in our wallet, welcome to check out. There is unlimited ideas of how to run bounty to give community tokens, we are executing them one by one.

[imorpheus]

....only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

This such kind of statistic maybe share soon by core team. Nothing to worry about this they are transparent!

We will run the bounty program for many years via variety of styles. Bounty program is to reduce the entry barrier for people to get some coins by doing a bit work. We view it as distribution strategy.

Even if half of the 800M tokens are distributed as an airdrop, then it will take 7.5 years to distribute the remainder to the signature company. Similar programs are available for example from the AELF project, but there it will last for 3 years.
Given such a long time period, in fact you will freeze from 8% to 0% of tokens, which artificially should create a price increase. However, if this is the vision of the project developers, many would like to see a detailed work plan with 800M tokens for bounty (in whitepaper for example). In order to they were not appear in someone's hands and were not appear on the exchange, how will they be controlled? Will they be assembled in one spesial wallet address, will people be able to audit the transactions of tokens intended for bounty?

You raised a very good self governance issue. As a young foundation, we need to spend more time on that. Tau foundation is 3 months old, we are learning every day. Currently all non-distributed coins are locked in dev team, they will not show up in exchange or ICO. The only circulating coins are bounty rewards. We will announce TAU Exchange quickly to address some of your concern, i agree we need to clearly setup a community governmence mechanisim. Thanks again.

[bobthegrownup]

Over 45 Million coins circulating now. Its pretty impressive how fast distribution has gone. Most projects have bounties that never even give out the coins 

8000 wallets and 163,643 transactions isn't something you see in many projects.

Wonder what the market would look like if more projects were as humble...

[imorpheus]

sometimes I feel a bit sad for being in the country with so many regulations and restrictions because, you know, I would surely invest in this promising idea!

Thank for the encouragement. I share the same pain like you. Tau aim to help common people to access a true currency fairly and securely. Our bounty program aims at reducing the coin acquition barrier. Our POT aims to bring high security to the users.

[rhomelmabini]

Over 45 Million coins circulating now. Its pretty impressive how fast distribution has gone. Most projects have bounties that never even give out the coins 

8000 wallets and 163,643 transactions isn't something you see in many projects.

Wonder what the market would look like if more projects were as humble...

With this huge in just few weeks of launching bounties I guess TAU is really aiming to be the best community coin so far. Love to see the good thing about this project. Great job for the team.

[imorpheus]

We value so much on the fast community growth and response. Since we have this amazing community and POT coin, the foundation decided not go though ICO. We developed this TAU exchange (TAU-x) to bring liquidity to all community members. This makes TAU a true community coin without ICO, this is very much close to bitcoin style.

[Fortunecoinfree]

....only 16 million tokens, which is only 2% of 800M. Where will the other tokens go? Why such a scanty percentage for a signature company?
Even if we assume that by the end of the ICO 100,000 owners of wallets will be established, taking into account airdrop and referral invitations, for this will require about 300 million tokens. There will be 500M tokens, of which only 3.2% will go to the signature company.
This seems puzzling.

This such kind of statistic maybe share soon by core team. Nothing to worry about this they are transparent!

We will run the bounty program for many years via variety of styles. Bounty program is to reduce the entry barrier for people to get some coins by doing a bit work. We view it as distribution strategy.

Even if half of the 800M tokens are distributed as an airdrop, then it will take 7.5 years to distribute the remainder to the signature company. Similar programs are available for example from the AELF project, but there it will last for 3 years.
Given such a long time period, in fact you will freeze from 8% to 0% of tokens, which artificially should create a price increase. However, if this is the vision of the project developers, many would like to see a detailed work plan with 800M tokens for bounty (in whitepaper for example). In order to they were not appear in someone's hands and were not appear on the exchange, how will they be controlled? Will they be assembled in one spesial wallet address, will people be able to audit the transactions of tokens intended for bounty?

You raised a very good self governance issue. As a young foundation, we need to spend more time on that. Tau foundation is 3 months old, we are learning every day. Currently all non-distributed coins are locked in dev team, they will not show up in exchange or ICO. The only circulating coins are bounty rewards. We will announce TAU Exchange quickly to address some of your concern, i agree we need to clearly setup a community governmence mechanisim. Thanks again.

I will observe with interest the development of events in the project. TAU really evokes sympathy and hope for the implementation of plans. I think that the TAU development team is experienced professionals both in the world of cryptography and in the global business as a whole.

[hankrules]

sometimes I feel a bit sad for being in the country with so many regulations and restrictions because, you know, I would surely invest in this promising idea!

Which country is that?

[imorpheus]

Today, TAU independant mining club leaders have exceeded foundation in both full nodes number and ming power. This is a great milestone. TAU team will do best to make community benefit to be top priority in the area of: exchange liquidity, ming power collection, access to code and data, making transaction fee reward.
We welcome more miners to be TAU community club leader. Please join tau dev telegram.
https://t.me/joinchat/ID4hShB8tUxBMpzRwGZuYg

[Sone11]

Today, TAU independant mining club leaders have exceeded foundation in both full nodes number and ming power. This is a great milestone. TAU team will do best to make community benefit to be top priority in the area of: exchange liquidity, ming power collection, access to code and data, making transaction fee reward.
We welcome more miners to be TAU community club leader. Please join tau dev telegram.
https://t.me/joinchat/ID4hShB8tUxBMpzRwGZuYg

Congrats guys! I salute you all especially your marketing team for bringing up more creative stuff in project awareness and keeping it as accurate as possible that some projects have been doing and not just pumping and dumping in some manipulated exchanges.

[YMaverik]

how to mine this coin? got a manual?

[imorpheus]

how to mine this coin? got a manual?

Pls join here
https://t.me/joinchat/ID4hShB8tUxBMpzRwGZuYg

[rhomelmabini]

how to mine this coin? got a manual?

Pls join here
https://t.me/joinchat/ID4hShB8tUxBMpzRwGZuYg

Will there be more chat community rather than just telegram group? I guess discord is more appropriate to join to, since it can show more updates rather on telegram that's sometimes covered with too many message and it can only pin 1 message.

[hamid105]

https://www.taucoin.io/account/login?referralURL=2e4a12dc15d522a27748e5e61f91304115d76894b6506a9629078360c9971af7

[imorpheus]

Hello the web wallet without affiliation on facebook will be release on October 1 right? How it can be segregate to the facebook account? Hopefully there will be instruction to access the wallet created there or procedure to separate it on our social accounts. I know that you choose this method to avoid bots affiliation since there's a lot of flaw when using bots like on telegram but this as well isn't safe on our personal accounts since access to our social media can also means that you can view our public info. Decentralization should only limited to keys without affiliation to any personal account.

The app wallet is available on google play now. You can transfer your coin to app wallet. The wallet is still under engining.

[lilaj4de]

The bounty wallet will be for everyone who creates a wallet in the taucoin, and what will be the amount of coins destined for this bounty?

[imorpheus]

For the reason list following link. Tau foundation changed distribution to 82% bounty and exchange sale, 18% foundation reserve. Hope this answer both questions. Tau foundation commits 10 years effort to distribute these 82% to pervasive holders.

https://medium.com/@davidwu_30530/tau-exchange-tau-x-built-for-the-community-3c33b8874d8?source=linkShare-24d178ec058f-1537245893

[RuBro]

A new algorithm, this sounds defiant for the whole crypto community

[Fortunecoinfree]

Many people want to see something new in the crypto-currency sphere, something revolutionary, which will give new impetus to development. I hope that the new algorithm POT will be able to give them such an option.

[cryptocurrenciesboom]

There were again questions about the TAU-X exchange. I think that developers certainly have a specific goal to collect the necessary amount of funds for the implementation of the project, therefore what is the approximately price of 1 TAU? (I will not be disappointed if I do not get an answer) Will the price be dynamic and adjusted, after the release of each 360 block? (I hope it will be so). What should large investors do if they want to immediately invest a large amount of money?

[imorpheus]

therefore what is the approximately price of 1 TAU? (I will not be disappointed if I do not get an answer) Will the price be dynamic and adjusted, after the release of each 360 block? (I hope it will be so). What should large investors do if they want to immediately invest a large amount of money?

it is estimated 5000 users will participate tau-x on day one, so that is a community decision on tau price. The price is dynamic as you said. TAU foundation will not sell any coins to large investors, so large investors has to buy from tau-x to make community members happy.

[feyrian]

For all french readers I have made a post on BCTalk about TAU, a kind of translation of the Whitepaper, here it is :
https://bitcointalk.org/index.php?topic=5035596

[Vedagnostik]

I like the idea of ​​your project. I want to be a miner for the TAU of the upcoming network. Where can I get the necessary instructions?

[imorpheus]

I like the idea of ​​your project. I want to be a miner for the TAU of the upcoming network. Where can I get the necessary instructions?

https://github.com/Tau-Coin/taucoin/blob/developer/how-to-be-a-miner-leader.md
The first 11 miners gets 200,000 tau reward. Still a few slots available.

[vozphongtom]

i hope taucoin will release  a desktop wallet . we have a web wallet is perfect  Send & Receive  taucoin easy .

October 1 st ,2018 we will have mobile wallet .i think  everyone like it .

[Shamsulkhan64]

Telegram username :@Hudakhan11
Wallet :TWANCU8rqXMwANvLzuR5ye6vCF3B4ACAtY

[cryptodrunk]

I like the idea of ​​your project. I want to be a miner for the TAU of the upcoming network. Where can I get the necessary instructions?

https://github.com/Tau-Coin/taucoin/blob/developer/how-to-be-a-miner-leader.md
The first 11 miners gets 200,000 tau reward. Still a few slots available.

I have sucesfully download, compile and synced your wallet in ubuntu 16.04. I have mined one block is there any slot available to become harvest club? I will send you my wallet by PM. Regards.

[cryptocurrenciesboom]

It is possible to learn in detail, what the speed of creation of the block depends on? More precisely, how speed will change with the development of the project. At the moment, the work of the test network for 4 hours was created 224 blocks. Based on this, 1*10⁹ tokens will be added to the TAU-X exchange for the next 12 years. There are still 9*10⁹ tokens)

[imorpheus]

It is possible to learn in detail, what the speed of creation of the block depends on? More precisely, how speed will change with the development of the project. At the moment, the work of the test network for 4 hours was created 224 blocks. Based on this, 1*10⁹ tokens will be added to the TAU-X exchange for the next 12 years. There are still 9*10⁹ tokens)

82% of 10 billion coins are to be distributed by bounty, faucet and tau-x. We plan to complete the full distribution in less than 10 years. The goal is to make common no-coiners easy to access coin to reduce the barrier. We start by using facebook and google id to give coins through faucet, and using talk, work and visit tau bounties to give more coins to fans. Fairly speaking, i imaging all coins shall be distributed around 5 years time frame.

[cryptocurrenciesboom]

It is possible to learn in detail, what the speed of creation of the block depends on? More precisely, how speed will change with the development of the project. At the moment, the work of the test network for 4 hours was created 224 blocks. Based on this, 1*10⁹ tokens will be added to the TAU-X exchange for the next 12 years. There are still 9*10⁹ tokens)

82% of 10 billion coins are to be distributed by bounty, faucet and tau-x. We plan to complete the full distribution in less than 10 years. The goal is to make common no-coiners easy to access coin to reduce the barrier. We start by using facebook and google id to give coins through faucet, and using talk, work and visit tau bounties to give more coins to fans. Fairly speaking, i imaging all coins shall be distributed around 5 years time frame.

During the five years of operation of the exchange system TAU-X at the current network speed and generation conditions, approximately 400 million coins will be generated. It is difficult to imagine that the remaining 7.8 billion will be distributed through various airdrops, in which case the cost of the coin will be negligible. Even assuming that the coins obtained using airdrops can be sold using the TAU-X system, I find it difficult for me to present an effective economic model and those investors ready to buy coins from those people who received a large share of coins of the project for free. If only not for speculative purposes, buying up all the coins and creating their deficit.
 For me, as an ordinary person, everything looks complicated, so I hope for your explanation.

[camuszpride]

This is the first time I heard Proof of Transaction (PoT). I think these idea was great and I knew that in the near future it will hit a huge success.

[imorpheus]

It is possible to learn in detail, what the speed of creation of the block depends on? More precisely, how speed will change with the development of the project. At the moment, the work of the test network for 4 hours was created 224 blocks. Based on this, 1*10⁹ tokens will be added to the TAU-X exchange for the next 12 years. There are still 9*10⁹ tokens)

82% of 10 billion coins are to be distributed by bounty, faucet and tau-x. We plan to complete the full distribution in less than 10 years. The goal is to make common no-coiners easy to access coin to reduce the barrier. We start by using facebook and google id to give coins through faucet, and using talk, work and visit tau bounties to give more coins to fans. Fairly speaking, i imaging all coins shall be distributed around 5 years time frame.

During the five years of operation of the exchange system TAU-X at the current network speed and generation conditions, approximately 400 million coins will be generated. It is difficult to imagine that the remaining 7.8 billion will be distributed through various airdrops, in which case the cost of the coin will be negligible. Even assuming that the coins obtained using airdrops can be sold using the TAU-X system, I find it difficult for me to present an effective economic model and those investors ready to buy coins from those people who received a large share of coins of the project for free. If only not for speculative purposes, buying up all the coins and creating their deficit.
 For me, as an ordinary person, everything looks complicated, so I hope for your explanation.

Receiving coins from airdrop is not real free. A cat can not do that. You need a facebook account, connected computer and time to read all the intruction, understand digital coins and give us your email, referal link and post pictures. I think that is a lot of work. How much will you sell for these effort?
Back to economical model, why future world shall need a permissionless crypto currency is not my expertise. That is a basic belief, and some one can write a book to debate it. I only want to debate what crypto currency is possible to support future world. POT is all about crypto technology experiment. In POW, the more users,  the higher energy cost per transaction. In POS, asset hoarding leads to most of money end up to rich people through transaction fee reward. POT is different from that, explained in our whitepaper, more transaction lower cost, and rewarding common people.
Now let me argue about future value of this experiment. Assuming this technology will be successful, all the community members participating the journey mint their time effort through coins. This is what investors want to hear, however, TAU coin economics is not designed to help billionaires to make more billions. So that no ICO and private sales to private equity funds. 57 days out of test-net turned on, we have around 20k wallets opened, average holding is around 2000 taus, we have around 10 addresses with more than 1 million and under 3 million.  99% of accounts is around 1k - 10K, this is exactly what we want to see as pervassive holding in tau. Hope this clarifys.

[NightDream]

Can TAU Exchange’s Proof of Transaction Trump PoW and PoS?
https://hackernoon.com/can-proof-of-transaction-trump-proof-of-work-and-proof-of-stake-55a75361f62d

[blink_stun]

This is another promising crypto and it is already making waves in the crypto scene. I love your bounty campaign and a friend of mine told me that you have an active community in discord. Keep it up guys!

[Fortunecoinfree]

This is another promising crypto and it is already making waves in the crypto scene. I love your bounty campaign and a friend of mine told me that you have an active community in discord. Keep it up guys!

No one can know what future TAU expects a startup. Now it looks promising, but in one or two years it can be revolutionary and significantly change the crypto community. I want to believe.

[BanaCrypto]

Everything looks extraordinary and fascinating. This stage enables clients to save money on their exchanges. I trust this cash is a standout amongst other monetary forms later on and goes to the moon....

[blink_stun]

someone mentioned to me that you are giving away a lot of TAU as a bounty and is it true that you are willing to pay 80,000k TAU for a good article about TAUCoin? As for your referral program, can I refer via Telegram?

[feyrian]

To all french readers, I've translated the ANN, check link below :

Pour les francophones, retrouvez l'annonce traduite en français en suivant ce lien :

https://bitcointalk.org/index.php?topic=5042688

[imorpheus]

To all french readers, I've translated the ANN, check link below :

Pour les francophones, retrouvez l'annonce traduite en français en suivant ce lien :

https://bitcointalk.org/index.php?topic=5042688

Thank you for the work. Please private us your T address for “building TAU” reward.

[Sunnyday01]

How about if wallet and platform site is in a separate place, It is a kind of complicated to access the site and the wallet together.

[wattson]

Good day!
Glad to hear about your recent paradigm shift! I have a question – are there any discounts for big investors? If there are, please specify the rules for qualifying for that kinda discount.
Thank you in advance!

[imorpheus]

Good day!
Glad to hear about your recent paradigm shift! I have a question – are there any discounts for big investors? If there are, please specify the rules for qualifying for that kinda discount.
Thank you in advance!

We choose to stay as community coin, not though pre-sale and ico. So there are two ways to get tau: 1. Bounty program and sign-on bonus. 2. TAU-X exchange on oct 18th.

[ValeryO]

A brand-new Proof-of-Transaction consensus mechanism, no KYC, aims to do mobile mining on cell phone! I like it more and more!

[ikealyou]

I do not fully understands how it works , Transaction is not clear to me , How can I find guidance

Join our discord group and you can find all guidance there! https://discordapp.com/invite/ydhx3um



Update 12th Oct 2018:
1. To celebrate the achievements of 50K users, the first 50K TAU users will receive 2000 TAU as a gift. This is a lovely gift from TAU foundation!

2. We are removing TAU foundation’s participation in TAU-X, where we will no-longer allocate 60K TAucoin into TAU-Exchange every round. TAU-X should only be a free-market for all users to seamlessly exchange value, without any influences from the foundation team.

3. As we are no-longer allocating 60K into TAU-X, all TAUcoins can only be obtained via Bounties and Faucet. Existing users are required to make contributions if they would like to earn more TAU.

4. We are canceling “visit-TAU” bounty to increase the value of TAU for all current users.

[Nurul200]

Really, is this a last opportunity?

[imorpheus]

The sign on bonus is automatically adjust to make sure daily supply is under 5m. That is why you received only 300 tau. It is furthur reduced to 168 as now by the program.
There are many ways to receive tau, please review https://medium.com/@davidwu_30530/big-rocket-bounty-calls-community-to-build-tau-planet-38593c54f880?source=linkShare-24d178ec058f-1539466525

[bobthegrownup]

The sign on bonus is automatically adjust to make sure daily supply is under 5m. That is why you received only 300 tau. It is furthur reduced to 168 as now by the program.
There are many ways to receive tau, please review https://medium.com/@davidwu_30530/big-rocket-bounty-calls-community-to-build-tau-planet-38593c54f880?source=linkShare-24d178ec058f-1539466525

The people who work for TAU are the only holders of TAU. It's elegant and truly a community coin.

[HtunNaung]

Features:

-Proof-Of-Transaction:- the more transactions, the more reward
-Automatic Harvest Club Participation:- no work or knowledge
 required in joining a harvest club
-Instant harvesting reward share through “club wiring”
-Near Zero Cost Transaction Fees:- most of transaction fees are returned throughout the year.
-One year to accumulate weight:- to prevent spam and speculation
-Environmentally friendly consensus mechanism that is secure
- Built 100% from our team (not a fork of an existing coin)
- Test driven development process focused purely on technology first
- First cryptocurrency to focus on the velocity of coin circulation
- First cryptocurrency to give no advantage to hoarding
- First cryptocurrency to have near zero cost transactions in perpetuity.

[benres]

The Active Unit platform proposing the first proof of transaction coin is an innovative idea that may solve the issues concerning the scalability of cryptocurrencies and the blockchain, adoption of cryptocurrency is now in effect and hopefully this will continue for the cryptocurrency industry will get more popularity in the entire world.

[imorpheus]

Letter to TAU community - persist with believers
Oct 18th was a very hard day for TAU to be hit by bugs and speculations. I will remember for life. Firstly, I thank you all for staying with TAU and me. Openning of entire process to the world is the right way and long term happy route no matter the price and risk. Everyone has to work for belief to win. TAU project is backed by my personal wealth, and I will persist it to the end. Given all this, our strategy will not change. Let's fixed the bug and restart for business on Monday. The hit yesterday is strong enough to get rid of non-believers. This world is composed of both believers and none. Up to now, we still have 80,000 users in TAU and increase 3,000 daily. It is still one of the largest crypto community. Let's move forward. - imorpheus

[darkota]

TAU-X Bug Explain
https://medium.com/@davidwu_30530/tau-x-bug-explain-926513a61b12

Oct 18th, the first swap of TAU-X ran into a major bug caused by two database sync-up error. The TAU pool number was 17m, which is mis-calculated by 20–100 times.

We decided to cancel swap #1, and refund all coins to the BTC and TAU exchange accounts. The team is fixing bug. In order to make TAU-X correct, we plan to restart TAU-X on Oct 22nd. All your coins is safe and guaranteed by me. On restart, you can choose to withdraw or invest again.

I sincerely apologize for the mistake and thank you for all the support and understanding.

[obujjibon]

Reserved for bounty announcement.

[okane818]

POT is good ideas. I am willing to promote with this kind of concept. Any bounty program?


Best Regards

Okane Satoshi

[Artemsv]

TAU Announcement on Oct 22nd
https://medium.com/@davidwu_30530/tau-announcement-on-oct-22nd-d32ac2dc4938

Through analysis of hackers and bugs data on Oct 18th, we concludes TAU eco-system is pre-mature for bulk swapping exchange. TAU-X will postpone until when we achieve “robust and secure main-net on mobile devices” and “1 million users”. During this period, we encouage p2p exchange of coins.

All TAU and BTC can be withdrawn now. iMorpheus admits the wrong decision to push the frontier too far and apologizes for the hit brought to the community. To express the apology, we reward first 100,000 users 500 TAU each to thank you for supporting us.

TAU distribution stays the same on faucet and bounty. User base continuously grows on huge momentum with almost 10,000 new comers yesterday. Taucointalk.org is hot and 15 national telegrams are in service. We love to share user base to all community entrepreneurs and developers. TAU bounty will encourage consensus debate, project development and TAUcoin based startup.

[hiruma86]

good project, sir ... hopefully it can be a long life of this coin ... if possible, know if this coin will enter the market later

[bobthegrownup]

Made some overdue updates to the ANN. We are moving so fast its hard to keep up!

If you want to be part of the community (which is over 100,000 ppl!) look to apply for the startup bounty or the developer bounties. We need people with great ideas and a hunger to build something big!

[toheed2x]

there is any bounty program by taucoin ?

[lilaj4de]

The "Proof of Transaction" and the mining clubs will be based on packages, that is, to join a particular club, should you buy a package or prove that you have made several transactions in the Taucoin network?

[imorpheus]

You just send signal transaction to club leader to join. Signal is 0 tau.

[TOM47]

TAU Community Focus: Feyrian
TAUcoin’s 3rd miner has become a leader on Planet TAU
If you’ve had a chance to see TAUcoin’s massively engaged community on Telegram and Discord, then you certainly know who Feyrian is. One of the first miners ever (awarded the Ocean’s Eleven miner certificate over a month ago) and a prominent member in the Discord community, Feyrian’s contributions to the TAUcoin project can be considered essential to the success of TAU. We had a chance to talk with Feyrian and learn more about why he loves TAU so much. https://medium.com/tau-foundation/tau-community-focus-feyrian-184ff96aa9a7

[bobthegrownup]

Things are certainly getting interesting now. With the announcement of Taunopoly and the mobile mining focus, this will surely be a project on everyones radar in the next few weeks

[Pavel71]

When I entered my wallet for the first time, I started poking somewhere and accidentally pressed the submit button. Later drew attention to -0.002 TAU in balance. I did nothing, and even later it turned out +0.002 TAU. That is a total of +0.004 TAU. Yesterday I realized that this was a reaction to an empty operation with a commission of 0.002 TAU. I will not paint my thoughts, but just give an extract statement:

Successful

Failed:

toAddress:
TGfFscVNYPh45XG86UDnnSq929JTfBXgdj

Amount: 0 TAU

Fee: 0.00236028 TAU

As a result, I state a profit of 0.002 TAU and want to ask:
1. Is the profit legal?
2. Is this a mining?

[hasib365]

https://[Suspicious link removed]/2yAcCpE to carefully read the terms and conditions as they affect your obligations and legal rights, including but not limited to waivers of rights and limitation of liability. If you buy ZINK tokens you are claiming to agree with these rights.

[hiruma86]

I like this project... Good luck sir

[reversemartingale]

interesting coin to watch. i hope this project will be big this coming year. good luck to all the devs and investors

[Zvezdec]

Taucoin is quite a promising project, but for me it remains a mystery small activity among forum users!? I am interested in whether you have a referral program, and also want to know its conditions?

[imorpheus]

We have nice referral bounty on taucoin.io

[dqhuang]

how to get this coin ?
mine in pools? or ?

[yurimir]

Interesting article about TAU enthusiast - TAU Community Focus: Feyrian

TAUcoin’s 3rd miner has become a leader on Planet TAU



https://medium.com/tau-foundation/tau-community-focus-feyrian-184ff96aa9a7

[amy1284455127]

How do you get taucoin now? Is it listed by the exchange?

[daniel1972]

Chat about TAUcoin P2P Trading. If you want to chat about price of TAUCoin or want to sell/buy from Community members 
https://t.me/TAUcoinP2PTradingChat

[trinhxuantu]

I like it, i using it and sharing formy friend

[RuBro]

Our friend gave an interview to TAUcoin team


https://medium.com/tau-foundation/tau-community-focus-kriptolab-79e4c6f15eb6

[Tonisim]

“Proof of transaction” to fight 51% attack — the older the more secure chain is

“Proof of transaction” to fight 51% attack — 51% attack is unavoidable on decentralized ledger according to Satoshi. What we can do is to make it harder to obtain 51%.

In the Proof of Work, if the super power such as member of G20 wants to secure 51% of computing power, it is possible through investment into factory. In the proof of stake, the stake could be purchased.

I would love to argue the most hard resource to build is “time” rather than equipment and money. In a fixed blocksize blockchain, the transactions are actually time.

Assuming long range attack is contained by checkpoints, once POT blockchain lives 10 years, in order to secure 51% POT power, one need to either secure enough other miner’s private keys to get power or build your own power for 10 years. The older the chain, the harder to achieve due to time can not be created. In POS and POW, the vintage of chain does not contribute enough into security.

TAU focuses on mobile node to make more people able to mine and secure the chain. We recently removed the mining club to make 51% formation harder. For a currency, security is everything. TAU- green, fair and secure.

https://medium.com/@davidwu_30530/proof-of-transaction-to-fight-51-attack-the-older-the-more-secure-chain-is-ee1caabcffb9

[alexkir]

In my opinion, it is a very promising project and it will be interesting to see how investors are interested in it.

[Kirilp]

2019 Approaching a perfect crypto currency — TAUCOIN experiment

https://medium.com/@davidwu_30530/2019-approaching-a-perfect-crypto-currency-taucoin-experiment-7f83a2895571

[yurimir]

All the answers to the questions in this new article - WHAT IS TAUcoin?



1. TAUcoin and Blockchain.

2. Who is iMorpheus?

3. What’s the Supply of TAUcoin? Who own its network?

4. Now, Start With TAUcoin.

5. How to Earn and Spend TAUcoins?

https://medium.com/@godfreybanz/what-is-taucoin-5ac31bc6f26f?fbclid=IwAR1iwkQxOErIwFG8zngRA7I5G_GevHGXCXs9DWs-7tvyve1haBqEOPX6fCo

[igorttomic]

Bringing Cryptocurrencies to Life: TAU (True Asset Unit) https://www.publish0x.com/cryptonic/bringing-cryptocurrencies-to-life-tau-true-asset-unit-xywer

[RuBro]

The test network goes to TAUT, burning 9.3 billion.

https://medium.com/@davidwu_30530/a-new-taut-coin-born-from-tau-testnet-cc3e62dc43b

[temadanilevsky]

Discussion of speed and scale in the network TAU

Mobile mining as an innovative idea can be achieved. In the course of the study, it was discovered that with the help of 5G capabilities and mobile phones, this could follow Moore's law. Dev discusses using the idea of “random sharding” to scale the TAU network. https://medium.com/@davidwu_30530/tau-main-net-speed-and-scale-discussion-ad4ef5e90ce

[brother3]

Congratulation, Ali Bahreini — TAUT 2019 President
Ali Bahreini has won the election from the Taucointalk.org report

https://medium.com/@davidwu_30530/congratulation-ali-bahreini-taut-2019-president-18e1a7fde821

[zityx23]

TAU has an airdrop just today. You can view it full here https://bitcointalk.org/index.php?topic=5137747.msg50835486#msg50835486

[inashed]

I need to research more about tau, BUT does proof of transaction means that if an wallet X send Y coins to another wallet, Y stakes will be added to wallet X?

This could lead to problems like guy sending coins from wallet X to wallet Z and then from wallet Z to wallet X and then from wallet X to wallet Z and this goes on and on and on.... You problably tried to make some changes to stop this and other problems, but my question is:

Why not just make it proof of transactions fees, instead of proof of transactions? Its very close to proof of transaction and solves alot of problems.

[CryptoGirl.y]

Do you have an exact date when the swap of coins will occur?
What to do with coins on a local wallet, do I need to transfer them back to a web wallet?

[MMDSate]

🔥🔥🔥Exciting NEW News for TAUcoin!!! 🎉🎉🚀
           Freely Operate Ads Coin

As we are expecting a lot of great development for TAUCOIN
By free creation and airdrop of your crypto coins to members, a community is created. Coins holders can make money by selling coins to any marketeers,
who can display Ads and chat with members

We encourage everyone to download the TAU App beta immediately!

Easily click the link below
https://taucoin.io/download

TAU is a serverless blockchain tech without using dedicated host, while everything is on phones network

We do not require you to buy any TAUcoins. TAU is FREE and open source.


If incase you have questions, do feel free to ask for clear instruction on our telegram https://t.me/taucoin

[Digitolife]

Do you have an exact date when the swap of coins will occur?
What to do with coins on a local wallet, do I need to transfer them back to a web wallet?

No ETA, but as far as I know as per CEO's words from weekly AMA (SUNDAY) via their official telegram, the app now is released for the community testing accompanied by several upgrades (ongoing) , meanwhile you can create your local community coin in the app and airsrop to your members, and TAU as main coin will be launched later after attaining 1m users, at that time ppl will be able to convert their test coins (TAUT) and old TAU (on ipfs) into the new TAU (serverless).

For more details you can ask in their main telegram, admins and CEO are pretty active.

[Digitolife]

I need to research more about tau, BUT does proof of transaction means that if an wallet X send Y coins to another wallet, Y stakes will be added to wallet X?

This could lead to problems like guy sending coins from wallet X to wallet Z and then from wallet Z to wallet X and then from wallet X to wallet Z and this goes on and on and on.... You problably tried to make some changes to stop this and other problems, but my question is:

Why not just make it proof of transactions fees, instead of proof of transactions? Its very close to proof of transaction and solves alot of problems.

As per proof of transaction is, you do not need to send those tx to wallets X, Y, Z. You can wire all the tx into your own wallet.

More tx you will have, more mining power and high chances to mine the next block with rewards.

The guys still have the same focus but many changes and upgrades have occured, its now called, their protocol, Perishable Proof Of Transaction (PPOT), that means, if you do not open your app for more than a month, your account will be forgotten. So check back in your wallet at least once or twice a month to forward your account lifespan, interesting!

[inashed]

[...]

As per proof of transaction is, you do not need to send those tx to wallets X, Y, Z.

TX is send to the system (at all coins or almost all coins, back to next miner) not to the wallet of the person you send the coin.

[...]

You can wire all the tx into your own wallet.

I dont really understood it, this means it works like proof of burn, or it means you can "send the transaction fee", without actually sending a transaction and so its basically proof of burn that instead of being frozen the coin goes back to the next miner?