Tau-Chain and Agoras Official Thread: Generalized P2P Network

[UrsaMajorisBeta]

Tau as a concept is very appealing. There might be some buzz before the whitepaper and potentially price variations, considering this is a yet to be released product.

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[BTCspace]

great！

when we have the testnet?

[LiskEnterprise]

Is there a new ICO happening for Agoras???

https://www.icocountdown.com/

Says there is an ico in 12 days?

[Cibervision]

No, is the same, each month up the prize of agoras if you buy directly to ohad.

[provenceday]

how to parallel the smart contact transactions?

[victorserrano]

Hello Ohad.

What advantages do you think you could have the smart money from the Agoras market versus the current markets like Ethereum?


Thank you.

[ohad]

how to parallel the smart contact transactions?

i didnt understand the question, please explain

Hello Ohad.

What advantages do you think you could have the smart money from the Agoras market versus the current markets like Ethereum?


Thank you.

agoras will be connected to the ever-growing knowledgebase of tau. so for example, once people formalize state law (or parts of it, to some level of accuracy) a "smart contract" will then be able to refer to the law. even more, agoras is about making economy of pure knowledge (manufactor, ship, demand, supply). that'd be one out of three agoras' pillars. the other two are computational resources market, and, advanced financial markets, e.g. with the ability to let risk-free interest without printing new money (by having a futures market for hedging, without leverage). the most covering explanation of agoras out there up till now is the restaurant interview https://www.youtube.com/watch?v=zFmaX-oumNw

[John_Paul]

agoras will be connected to the ever-growing knowledgebase of tau. so for example, once people formalize state law (or parts of it, to some level of accuracy) a "smart contract" will then be able to refer to the law. even more, agoras is about making economy of pure knowledge (manufactor, ship, demand, supply). that'd be one out of three agoras' pillars. the other two are computational resources market, and, advanced financial markets, e.g. with the ability to let risk-free interest without printing new money (by having a futures market for hedging, without leverage). the most covering explanation of agoras out there up till now is the restaurant interview https://www.youtube.com/watch?v=zFmaX-oumNw

Is Agoras scalable? Is it easier to deal with scalability issue with Tau?

[ohad]

agoras will be connected to the ever-growing knowledgebase of tau. so for example, once people formalize state law (or parts of it, to some level of accuracy) a "smart contract" will then be able to refer to the law. even more, agoras is about making economy of pure knowledge (manufactor, ship, demand, supply). that'd be one out of three agoras' pillars. the other two are computational resources market, and, advanced financial markets, e.g. with the ability to let risk-free interest without printing new money (by having a futures market for hedging, without leverage). the most covering explanation of agoras out there up till now is the restaurant interview https://www.youtube.com/watch?v=zFmaX-oumNw

Is Agoras scalable? Is it easier to deal with scalability issue with Tau?

any scalability (or other) solution to be found in the future, can be applied. that's the essence of being a self-amending system, and that's why there cannot be competitors to such a system

[John_Paul]

Is Agoras scalable? Is it easier to deal with scalability issue with Tau?

any scalability (or other) solution to be found in the future, can be applied. that's the essence of being a self-amending system, and that's why there cannot be competitors to such a system

That sounds good. Will Agoras use a PoS or PoW consensus mechanism?

[ohad]

Is Agoras scalable? Is it easier to deal with scalability issue with Tau?

any scalability (or other) solution to be found in the future, can be applied. that's the essence of being a self-amending system, and that's why there cannot be competitors to such a system

That sounds good. Will Agoras use a PoS or PoW consensus mechanism?

quite same answer: this can also change.
however me personally not aware of a sound scheme as pow.
as a small example, how can security grow with time under pos? looks like it remains fixed. unless high inflation is considered, and even though, it wont grow linearly as in pow

[John_Paul]

quite same answer: this can also change.
however me personally not aware of a sound scheme as pow.
as a small example, how can security grow with time under pos? looks like it remains fixed. unless high inflation is considered, and even though, it wont grow linearly as in pow

So if assuming Agoras will use PoW, how the inflation will work? In that case, the Agoras tokens will be like pre-mined coins and in the future the miners will also mine new coins, right? btw, I am not against the inflation and mining at all.

[UrsaMajorisBeta]

quite same answer: this can also change.
however me personally not aware of a sound scheme as pow.
as a small example, how can security grow with time under pos? looks like it remains fixed. unless high inflation is considered, and even though, it wont grow linearly as in pow

So if assuming Agoras will use PoW, how the inflation will work? In that case, the Agoras tokens will be like pre-mined coins and in the future the miners will also mine new coins, right? btw, I am not against the inflation and mining at all.

ATM there are 42M agoras tokens in sale, some of them easily scoopable at bittrex (the ico hasn't ended yet, and the remaining coins will be burned). They represent the total 3500 future coins / actual agoras token.

[ohad]

quite same answer: this can also change.
however me personally not aware of a sound scheme as pow.
as a small example, how can security grow with time under pos? looks like it remains fixed. unless high inflation is considered, and even though, it wont grow linearly as in pow

So if assuming Agoras will use PoW, how the inflation will work? In that case, the Agoras tokens will be like pre-mined coins and in the future the miners will also mine new coins, right? btw, I am not against the inflation and mining at all.

this can also be decided by the public to a very large extent. but following are my personal thoughts.
i claim that new coin generation in a fair economy is meaningless.
because if you generate new coins, then by the fairness requirement, you need to distribute them equally, but then it'd be like adding a zero to all balances, which is meaningless.
one may come up with a way to truely define and measure "economical growth" and have inflation according to it. but i don't think anyone is "there" yet. maybe in an electronic economy like agoras and with artificial intelligence like tau we'll be able to achieve it.
even if such formula will be found, there's still strong rationales in a fixed amount of coins.
as for mining, as any other housekeeping of the network, they better be incentivized. therefore in my opinion the "tax" approach is better here: that everyone give some fraction to miners up to amounts that the public agrees on. the more hashes, the more security and value on the chain. the public will have to buy security and pay what it costs, directly and not by dilution. this is more transparent and removes a need to print new coins.
agoras will also support risk-free interest without printing new coins (thanks to black&scholes theory and hedge markets), but that's a different story.

[John_Paul]

this can also be decided by the public to a very large extent. but following are my personal thoughts.
i claim that new coin generation in a fair economy is meaningless.
because if you generate new coins, then by the fairness requirement, you need to distribute them equally, but then it'd be like adding a zero to all balances, which is meaningless.
one may come up with a way to truely define and measure "economical growth" and have inflation according to it. but i don't think anyone is "there" yet. maybe in an electronic economy like agoras and with artificial intelligence like tau we'll be able to achieve it.
even if such formula will be found, there's still strong rationales in a fixed amount of coins.
as for mining, as any other housekeeping of the network, they better be incentivized. therefore in my opinion the "tax" approach is better here: that everyone give some fraction to miners up to amounts that the public agrees on. the more hashes, the more security and value on the chain. the public will have to buy security and pay what it costs, directly and not by dilution. this is more transparent and removes a need to print new coins.
agoras will also support risk-free interest without printing new coins (thanks to black&scholes theory and hedge markets), but that's a different story.

The tax approach is a very interesting idea. Do you mean taxing every account no matter if the user makes transactions or not when creating a block? How about transaction fee? Do you think the system should charge transaction fee on top of the tax?

[ohad]

The tax approach is a very interesting idea. Do you mean taxing every account no matter if the user makes transactions or not when creating a block? How about transaction fee? Do you think the system should charge transaction fee on top of the tax?

right now, on btc, everyone gets diluted, same %% for all. that, if we take the coin generation part (block reward).
txfees are not newly generated coins on btc.
so this model can be translated one to one into a fixed-coinbase currency.
however ofc creativity is possible and welcome in optimizing the ways the various "taxes" are determined

[tyazha]

1. I want invest in Tau chain, how can I do this?
2. That is Agoras Tokens?
3. When completed the development?

[mightyMight]

1. I want invest in Tau chain, how can I do this?
2. That is Agoras Tokens?
3. When completed the development?

1. You can also buy the agoras on bittrex.
2. This is the coin/token to be used right now with Tau. I assume its used to finance the project and will be the first/major abstracted value for Tau.
3. I would be interested in that as well I guess it will take some time. It is quite a project.

Cheers
MM

[victorserrano]

Hello Ohad.

How many developers are the TauChain project team? Are you developing your own or are there other participants?

Regarding the project What is the current state of the project?

[Kartaba]

Hi Ohad hope all is well.

I saw this website, https://lunyr.com/

"Lunyr is an Ethereum-based decentralized world knowledge base which rewards users with app tokens for peer-reviewing and contributing information"

Are they trying to do what you do using ethereum?