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Author Topic: [ANN][TAC] TalkCoin  (Read 263147 times)
k-meister
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August 24, 2014, 07:21:59 AM
 #2841

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

I don't really see people thinking that, I think you're worrying about being defensive about something which isn't a big issue anyway. There was our pet troll but he was just trolling. The rest of the community haven't been complaining about it, and those people (including me) are going to feel pretty disillusioned after hoping that the inflation would be brought under control.
By the time the block reward halves our investment will be worth about a quarter of what it is now (in percentage terms) and a year is so far into the future in crypto terms that it might as well be forever. I doubt you'd find a single person who invests on the basis that the inlation will decrease by 50% in a year's time. Who would tie their money up for that long while it devalues so much every month.

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Ignition75
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August 24, 2014, 07:50:56 AM
 #2842

Mining is important for network security, PoS has a known security flaw, so I'm not sure that's the best option.

At the moment we have unlimited inflation and the dev wanted it this way because of the hidden addresses, the proposed supply curve is quite conservative once this coin gathers steam.  It's been very hard on the existing team to take this coin forward when the lead dev has been dishonest and severely lacking in communication.

We want a measured supply curve, one that keeps miners interested but doesn't cause too much deflation of existing holdings.

It's important we get people using chat both in the wallet and on mobile and have the right mix of economics and technology.

This is good, keep the great suggestions coming in  Smiley

The new generation have arrived and they brought their own currency...
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August 24, 2014, 10:35:09 AM
 #2843

what is the latest news about TAC?

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August 24, 2014, 11:05:07 AM
 #2844

new Talkcoin wallet GUI and website are better looking,hope it be a big success.
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August 24, 2014, 12:59:40 PM
 #2845

what is the latest news about TAC?

We are releasing a new wallet next weekend that has some key changes including removing block reward voting.  More info here: https://bitcointalk.org/index.php?topic=619210.msg8496645#msg8496645

TalkCoin | First Anonymous Chat | First NIST5 Algo
BrewCrewFan
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August 25, 2014, 01:27:14 AM
 #2846

Lock the block reward with a sloping cut in the rewards over time.

This gives the new miners a chance... ect.... plus look at the BS DRK gets for the simple thing of cutting the block reward so much after it was "discovered" that people wanted to mine it.

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Ignition75
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August 25, 2014, 02:27:31 AM
 #2847

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend  Tongue).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

The new generation have arrived and they brought their own currency...
waxo
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August 25, 2014, 02:35:11 AM
 #2848

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend  Tongue).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

very nice that things are moving forward with TAC !

i was mining since day 1 and i did not sold any and bought also...

I have an idea, why not create a dating site ? like www.tacmeet.com ?
i can manage it !
what the community think about it ?


     
     

     
     
k-meister
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August 25, 2014, 08:01:07 AM
 #2849

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

These are not 2 opposing goals which need to be balanced, they are the same goal! If you can satisfy existing holders then you will also get the new investors, because the value goes up which attracts more people. If you can't satisfy holders or increase the value of the coin then why would anyone want to become a holder?
The thing is that we already know, because the coin and similar inflation model has been out for a while, that the current model can do neither. Nobody wants to buy, and 1 btc in the buy order list is effectively a collapsed coin. The fact that the market hasn't picked up since the announcement means nobody has confidence or wants to buy into this model. You may say it needs marketing, but if none of the existing people following it think it's worth buying then you're not likely to find new ones either.

I don't understand why 20% a month is “not too much inflation”, if you can help us understand this then maybe we can give the idea some support. Can you give examples of any other coins which have been successful with similar levels of long term inflation?
By that I mean in the modern coin world after the rise of PoS.

⬡⬡⬡⬡⬡⬡⬡PARAGON ⬡⬡⬡⬡⬡⬡⬡
|||| REVOLUTIONIZING THE CANNABIS INDUSTRY ||||

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

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AizenSou
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August 25, 2014, 08:45:52 AM
 #2850

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

These are not 2 opposing goals which need to be balanced, they are the same goal! If you can satisfy existing holders then you will also get the new investors, because the value goes up which attracts more people. If you can't satisfy holders or increase the value of the coin then why would anyone want to become a holder?
The thing is that we already know, because the coin and similar inflation model has been out for a while, that the current model can do neither. Nobody wants to buy, and 1 btc in the buy order list is effectively a collapsed coin. The fact that the market hasn't picked up since the announcement means nobody has confidence or wants to buy into this model. You may say it needs marketing, but if none of the existing people following it think it's worth buying then you're not likely to find new ones either.

I don't understand why 20% a month is “not too much inflation”, if you can help us understand this then maybe we can give the idea some support. Can you give examples of any other coins which have been successful with similar levels of long term inflation?
By that I mean in the modern coin world after the rise of PoS.


Hey thank you for your feedback. Our whole point is we are trying to get the coin in control first. The old dev refuses to change anything on the core features of the coin so a lot of old investors are already left / dumped their holding.
The market won't response immediately to our announcement because we actually still doesn't show anything new to improve the coin and our marketing campaign doesn't start yet. Almost no new investors know about Talkcoin or Talkcoin's news.

The inflation model we use is from Bitcoin/Litecoin/Dogecoin and a lot of others. We didn't say it is the best, but it gives the most balances inflation rate in our opinions. We have tried to simulate a lot of other models but still this one gives us the best feeling about the future of the coin.
Last but not least, the new model gives better control about inflation rate than the current voting model. If we don't change this, the block reward might stay the same forever or one person could easy manipulate for  a lot of higher block reward when the price rises, which potentially could give a risk for all investors.

Regards,

Aizen


Ignition75
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August 25, 2014, 12:05:41 PM
 #2851

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend  Tongue).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

very nice that things are moving forward with TAC !

i was mining since day 1 and i did not sold any and bought also...

I have an idea, why not create a dating site ? like www.tacmeet.com ?
i can manage it !
what the community think about it ?

We have our own server now, our system administrator is busy laying the right infrastructure and security down for seed nodes, failover IP's, webserver, forum etc etc.  When Karimdr2 is ready, we can start hosting our own faucet, block explorer and other things like an official TAC mining pool and why not social sites like tacmeet :-)

The new generation have arrived and they brought their own currency...
scamkiller
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August 25, 2014, 03:33:11 PM
 #2852

wish this scam die quietly Grin Grin

djm34
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August 25, 2014, 03:34:49 PM
 #2853

wish this scam die quietly Grin Grin
must be again that guy who blackmail coin dev  Grin
pretty please, I want to be blackmailed  Grin

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nicemycoin
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August 25, 2014, 04:47:00 PM
 #2854

I am looking forward to the new wallet.

Coin Developer,Translator(Chinese).
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August 25, 2014, 05:46:37 PM
 #2855

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend  Tongue).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

very nice that things are moving forward with TAC !

i was mining since day 1 and i did not sold any and bought also...

I have an idea, why not create a dating site ? like www.tacmeet.com ?
i can manage it !
what the community think about it ?

We have our own server now, our system administrator is busy laying the right infrastructure and security down for seed nodes, failover IP's, webserver, forum etc etc.  When Karimdr2 is ready, we can start hosting our own faucet, block explorer and other things like an official TAC mining pool and why not social sites like tacmeet :-)



I will explain my little project :

1. create a dating/social site linked to TAC and also android and IOS version .
2. find a name , i am ready to buy the domain name i have few names in my minds :
tacmeet , tacdate , tacbook , twitac , easytac .
3. find the purpose of this site

i will work for free so i need to know what the team think about it .


     
     

     
     
kopam
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August 26, 2014, 06:53:58 AM
 #2856

I am another TAC investor, i did buy a good number of TAC and i did mine some more.
Never sold a single coin cuz i believe in it.
The takeover seems well reasoned and i am behind it. However i am not supporting the new inflation level.
This is way too much, Vertcoin is only one of the example of what such a high inflation is doing to a coin !
I do not see how a lower reward would be unfair to new investors, the people investing until now had believe in the coin, they were risking cash and time to invest in it.

Please re consider the block reward and put up a vote ! You wanna have better communication with the community, you wanna be a transparent coin. This is a major decision, do not simply take it, give a chance for the community to say what it wants.
Also a vote is a fair way also for the new investors, if there are people interested in the coin but do not have any coins yet, they can simply vote for bigger blog reward.

I will keep supporting TAC but if you proceed with your plans, i can only see the price going down. And no one wants that ...
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August 26, 2014, 08:21:33 AM
 #2857

Takeover-coins never succeed in the history,just look at SC ,USB,......
Investors,be arlet that scam can live longer by so-called takeover.

Ignition75
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August 26, 2014, 11:30:27 AM
 #2858

Will troll for food.

The same Troll with the same bad grammar, you seriously need to get a life...  How about I send you $5 of Steam credit?  Then you don't have to troll for the next 2 weeks...

The new generation have arrived and they brought their own currency...
TalkTeam
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August 26, 2014, 11:45:02 AM
 #2859

Takeover-coins never succeed in the history,just look at SC ,USB,......
Investors,be arlet that scam can live longer by so-called takeover.

This is hardly a takover like those coins. I've been here since the start and there are 8 people in the team, we just all agreed to replace one team member who happened to be the core dev who created the project. We were relying on him to set the roadmap and do the releases, we are doing this now instead.

TalkCoin | First Anonymous Chat | First NIST5 Algo
TalkTeam
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August 26, 2014, 11:49:18 AM
 #2860

We had a focus group on economics last night, which involved the entire team (except crz who had a party to attend  Tongue).

It was an excellent meeting, we all had our chance to discuss present and future economic issues for the coin, it went for about 4 hours and we looked at many options.

The conclusion was, to leave the proposed supply curve as it was, we felt it was the right balance between satisfying existing holders by ensuring not too much inflation whilst attracting future holders with enough supply.

Our next meeting is to finalise our technical roadmap and of course ensure everything is in place for the upcoming fork at the end of the week.

Number one technical priority over the short to medium term is to get people using Talkcoin, both within the wallet and on mobile devices.

very nice that things are moving forward with TAC !

i was mining since day 1 and i did not sold any and bought also...

I have an idea, why not create a dating site ? like www.tacmeet.com ?
i can manage it !
what the community think about it ?

We have our own server now, our system administrator is busy laying the right infrastructure and security down for seed nodes, failover IP's, webserver, forum etc etc.  When Karimdr2 is ready, we can start hosting our own faucet, block explorer and other things like an official TAC mining pool and why not social sites like tacmeet :-)



I will explain my little project :

1. create a dating/social site linked to TAC and also android and IOS version .
2. find a name , i am ready to buy the domain name i have few names in my minds :
tacmeet , tacdate , tacbook , twitac , easytac .
3. find the purpose of this site

i will work for free so i need to know what the team think about it .


Thanks Waxo, we are discussing this in IRC.

TalkCoin | First Anonymous Chat | First NIST5 Algo
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