The meaning and utility of TAU https://medium.com/@davidwu_30530/the-meaning-and-utility-of-tau-1ff250f60baMembers ask the meaning of TAU project. I would love to give my opinion. The meaning is an exploration of sound currency that is advanced in technology to be fast, fair, secure and environmental clean. In the same spirit, bitcoin claims it is an experiment on a peer to peer cash system.
Why are these experiments important and with tremendous value. Today, the way for commoners to store the proceeds from hours of working is currency. 7 billion people are generating enormous working hours to be valued and stored.
However, up to today, we do not have a sound currency. All currencies are subject to inflation and control. Inflation is gradually removing wealth from the holder. Control can censorship the transactions.
TAU is created to resist inflation and censorship, by the same time to provide convenience of usage day to day.
The utility of TAU is simply to be a sound currency. Along with that, TAU aims to create a consensus for the community to access, work and trade with each other. Massive working based bounty is created to promote development and startup in community.
