[ANN][TAC] TalkCoin

[luckydag]

dev plays god
dev gets greedy
truth is scary

wooo, how to save the day !

[jwinterm]

voting system is indeed a bullshit!  it will be cancel!  dev cheat us two mouth!

retarded kiddo

I hate to say it, but I have to agree with zxbball. There is nothing on the ANN page about the devs getting all of the fees that go towards voting. In fact, if you read through it, it kind of implies that the fees from voting will be destroyed, because slightly above the section on voting it talks about how fees from chatting get destroyed by sending to genesis block, and there is nothing specific said about voting fees, so one would assume that they are destroyed as well. It's certainly misleading, and if they're receiving 30% of the block rewards, then it seems pretty fucking scammy.

[dav1199]

My god ...

Any of you guys read at all ?

The devs aren't getting 30% of the blocks, it was back when the voting system for this reward allowed for it to happen. Now it can't be more than 3%.
And of course the devs have the security keys to the voting system and other crap .. how do you think they could change it otherway 

Same with the guys spamming every hour to remove the voting system , it have been said like ..50 times it would be changed, i read the thread once in a while and i still know this..

While the first post could be changed the devs have also always been straightforward when asked about details like those.

[jwinterm]

My god ...

Any of you guys read at all ?

The devs aren't getting 30% of the blocks, it was back when the voting system for this reward allowed for it to happen. Now it can't be more than 3%.
And of course the devs have the security keys to the voting system and other crap .. how do you think they could change it otherway  

Same with the guys spamming every hour to remove the voting system , it have been said like ..50 times it would be changed, i read the thread once in a while and i still know this..

While the first post could be changed the devs have also always been straightforward when asked about details like those.

I don't read it obsessively, but I check the thread when it pops up on my watchlist, and I didn't realize that. I'm not hugely involved, but it's clearly not made clear, and so if they were getting 30% or greater, that is scammy, and even 3% they should be very up front about, i.e. put it on the first post of the thread in big letters or something. I don't like the boolberry guy taking 1% off the top (edit: actually it's an optional 1% donation of each block that is optional, but on by default), but at least he's upfront about it. Maybe you need to be able to read chinese to get the message or something.

[dav1199]

It is very understandable all around if you take the time to read and think about how it works. And i don't read this all the time either.

3% isn't that much ... heck pool operators get 1 or 2% themselves and noone care ( yeah i know it is not on all the blocks but you get the idea ) .. And i don't think pool ops deserve a share more than the devs. I am all for supporting the devs and i rather thay have a % of the blocks than a massive IPO or premine.

Again it can be voted to be reduced down to 0% , i don't disagree it could be made clearer or easier to access to as far as the voting goes for this.
The first post should talk about it yes. That can and will be changed i am sure. Or maybe it will be changed / adapted more clearly at the same time as the block reward voting system change as well.

Either way i don't see why all the drama about this it is not like they are hiding it or trying to.

The devs haven't been ''scammy'' for as long as i have been following this coin. But fud is to be expected.

[jwinterm]

3% may not be that much in your eyes, but it's quite significant in mine and more than enough to be on the first ANN post, and if it's not there than it is being hidden to some extent.

30% is scammy.

[BrewCrewFan]

It is very understandable all around if you take the time to read and think about how it works. And i don't read this all the time either.

3% isn't that much ... heck pool operators get 1 or 2% themselves and noone care ( yeah i know it is not on all the blocks but you get the idea ) .. And i don't think pool ops deserve a share more than the devs. I am all for supporting the devs and i rather thay have a % of the blocks than a massive IPO or premine.

Again it can be voted to be reduced down to 0% , i don't disagree it could be made clearer or easier to access to as far as the voting goes for this.
The first post should talk about it yes. That can and will be changed i am sure. Or maybe it will be changed / adapted more clearly at the same time as the block reward voting system change as well.

Either way i don't see why all the drama about this it is not like they are hiding it or trying to.

The devs haven't been ''scammy'' for as long as i have been following this coin. But fud is to be expected.

Yeah might not been clear enough about everything. I know myself, I have troubles explaining stuff clearly for people lol.

[Talkcoin]

3% may not be that much in your eyes, but it's quite significant in mine and more than enough to be on the first ANN post

If you don't want the open source developers earn a tiny amount of the total coin reward then vote 0, this is not fixed.

But note than 0 reward, it's also 0 development, 0 effort and no team behind to continue work...

Talkcoin was made so to be a long term project.

You can't have your cake and eat it too, that's why other coins are abandoned by the devs.

[dav1199]

3% may not be that much in your eyes, but it's quite significant in mine and more than enough to be on the first ANN post

If you don't want the open source developers earn a tiny amount of the total coin reward then vote 0, this is not fixed.

But note than 0 reward, it's also 0 development, 0 effort and no team behind to continue work...

Talkcoin was made so to be a long term project.

You can't have your cake and eat it too, that's why other coins are abandoned by the devs.

That is what i don't get in cryptos in general .. It is as if everyone else should profit but not the devs.. they have to develop everything but not gain anything extra for it.
3% isn't all that much. Especially since it come with the blocks over time and not all at once .. I rather have this than a dev with 1% of the total of coins from the start,
we have seen often enough how well that end.
I am all for the fees to stay if it mean a continued serious devlopment for the coin.

[BrewCrewFan]

3% may not be that much in your eyes, but it's quite significant in mine and more than enough to be on the first ANN post

If you don't want the open source developers earn a tiny amount of the total coin reward then vote 0, this is not fixed.

But note than 0 reward, it's also 0 development, 0 effort and no team behind to continue work...

Talkcoin was made so to be a long term project.

You can't have your cake and eat it too, that's why other coins are abandoned by the devs.

Anyone with half a brain knows that some kind of reward should be in store for devs. I think people just expect the devs to do shit for free along with whatever people they bring on to developing the coin.

I mean really people, if this was a scam, the dev would have dumped and moved on a long time ago... gesh.

[jwinterm]

3% may not be that much in your eyes, but it's quite significant in mine and more than enough to be on the first ANN post

If you don't want the open source developers earn a tiny amount of the total coin reward then vote 0, this is not fixed.

But note than 0 reward, it's also 0 development, 0 effort and no team behind to continue work...

Talkcoin was made so to be a long term project.

You can't have your cake and eat it too, that's why other coins are abandoned by the devs.

I don't think 3% of every block reward is totally unreasonable, however, I do believe it should be clearly stated on the coin's ann page or home page, which it isn't in this case. I do think 30% of every block reward is unreasonable, and I just found out about this today, after holding and mining some tac and following thread for some time.

As to your other point:

You can't have your cake and eat it too, that's why other coins are abandoned by the devs.

That would seem to be largely at odds with the most successful coins in the world, that includes not only btc and ltc, but newer coins such as monero and cryptonite.

I'm not mad. I'm not holding enough to get worked up about it. I just think it's being less than upfront to not make it more clear that the devs get 3% (or previously much more) of all coins generated. It's totally absent from the first ANN page and the homepage. How are people supposed to know?

[bloud22]

dev ,you should remove the voting system ASAP if you want a good future of TAC.
The Voting system will kill the Coin indeed.
you can get the 3- 5% of the Block rewards.but you should never get 30% or more of it.
it's so crazy. Roll Eyes

I agree with this view

[tacee]

Dev's greed killed this coin,over~

[tacee]

nobody will trust you ,Dev,a liar is always a liar,fk yourself and just let this coin die.

[xwebnetwork]

Tacee, if you even bothered to read over the last several pages, the whitepaper, or any of the coin's historical documentation, you would have realized your declarations are unwarranted, ignorant, and are based on nothing but naivety. We've already established that this donation feature has been in the code since the beginning, it has been documented, it has been and had been made public, and most important of all, the amount is controlled by the END USER---that means you.

[coolmyrig]

Tacee, if you even bothered to read over the last several pages, the whitepaper, or any of the coin's historical documentation, you would have realized your declarations are unwarranted, ignorant, and are based on nothing but naivety. We've already established that this donation feature has been in the code since the beginning, it has been documented, it has been and had been made public, and most important of all, the amount is controlled by the END USER---that means you.

maybe he will change the rewards by another way.not due to the votes.

[coolmyrig]

nobody will trust you ,Dev,a liar is always a liar,fk yourself and just let this coin die.

in fact ,dev should admit the mistakes he had made,and give us a roadmap of dealing with this issue.we should not shout at each other, it's nonsense.

[duboisi]

Net hash dropped to below 3gh/s already.

There is a sentence in the OP:

"To avoid problems from block halving making mining unprofitable and ensure enough TAC are available for messaging, Talkcoin has a decentralized vote feature so twice per week users can vote to adjust block reward up or down by 10%."

For a start, editing the above sentence reflect "current" voting % is to reward/donate to dev. Then give a firm date when voting will be disabled and what method will replace it. Do these to gain back trust from yr community before it is too late.

[IXC2XIC]

Decentralized communication?  I'm really curious how this could work as far as the blockchain is concerned.  Will have to take a closer look.

[wonderloops]

Anybody defending this shit is out of his mind.

It was fun knowing you TAC coin.