Tau-Chain and Agoras Official Thread: Generalized P2P Network

[mishax1]

Published some notes and clarifications at http://www.idni.org/blog/post2

Some things are still not clear for me:

1) Will we be able to trade the tokens when the pre-sale ends?
2) How about having a bit more tranparency like reporting about sold/remaining coins and current price?
3) Any refund policy (if you don't reach the $2M goal)?

BTW, here are crowdsale best practices: https://github.com/DavidJohnstonCEO/CrowdsaleBestPractices

1) These are XCP tokens - you can do with them whatever you like from the very moment you got them. I send them immediately to purchasers.
2) It's all transparent! How much was sold, the BTC address etc. See last post on zennet thread.
3) No refund, but, no escape for me not to dev. I will supply the products with or without successful presale. It'll take more time, less features and quality, and coin holders will hold much bigger stake. But no, no refund and no escape from supplying a network.

As for the best practices, there's much to tell, but I'll only mention that I tend to look from a broad perspective of the whole software world, not only the Bitcoin world. It's also about ethics.

Not so transparent when you move the funds around, as far as I know these bitcoins can go back to the presale address to get more tokens..

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[ohad]

Not so transparent when you move the funds around, as far as I know these bitcoins can go back to the presale address to get more tokens..

Funds come there to be used for dev etc., not for savings

[mishax1]

Not so transparent when you move the funds around, as far as I know these bitcoins can go back to the presale address to get more tokens..

Funds come there to be used for dev etc., not for savings

If you think this is an appropriate response you are mistaken.

[ohad]

Not so transparent when you move the funds around, as far as I know these bitcoins can go back to the presale address to get more tokens..

Funds come there to be used for dev etc., not for savings

If you think this is an appropriate response you are mistaken.

so our team and myself will go and take another job until the sale ends?
we need to have minimal expenses for living, administration, marketing - and we do not have this minimum yet.
i'm not surprised that in a world where lies are very common people expect me to be a rich man wanting only more, and expecting me to tell semi-accurate things about the plans and the ongoing.
but, as always, i'm not going to lie even in a small thing. when taking this restriction, things change. and they change to the good.
of course, i'm not calling people to trust me based on my words only. it does not say i'm going to lie.
not using the funds will leave me with a choice to either lie i'm developing, or to take a job and admit i'm not developing. i do not prefer those options.

[ohad]

another fakes:
http://tauchain.blogspot.co.il
http://taochain.blogspot.co.il
https://www.facebook.com/tauchain
btw the twitter fake is still there and publishing

[mishax1]

Not so transparent when you move the funds around, as far as I know these bitcoins can go back to the presale address to get more tokens..

Funds come there to be used for dev etc., not for savings

If you think this is an appropriate response you are mistaken.

so our team and myself will go and take another job until the sale ends?
we need to have minimal expenses for living, administration, marketing - and we do not have this minimum yet.
i'm not surprised that in a world where lies are very common people expect me to be a rich man wanting only more, and expecting me to tell semi-accurate things about the plans and the ongoing.
but, as always, i'm not going to lie even in a small thing. when taking this restriction, things change. and they change to the good.
of course, i'm not calling people to trust me based on my words only. it does not say i'm going to lie.
not using the funds will leave me with a choice to either lie i'm developing, or to take a job and admit i'm not developing. i do not prefer those options.

Don't take this personally, it's just history speaks for itself, and statistically I think there were like 80-90% scam crowdfunds/IPOs.

Asking for decent and transparent crowdfunding is not a crime, it's a must in crypto.

BTW, whats the name of the token on counterparty ?

[ohad]

Asking for decent and transparent crowdfunding is not a crime, it's a must in crypto.

as above, i'm considering not only crypto world standards but also the whole software world's standards (and a few standards of my own). and i think this sale is very decent and transparent.

BTW, whats the name of the token on counterparty ?

http://blockscan.com/assetInfo/A8543099127490528000

[mishax1]

Asking for decent and transparent crowdfunding is not a crime, it's a must in crypto.

as above, i'm considering not only crypto world standards but also the whole software world's standards (and a few standards of my own). and i think this sale is very decent and transparent.

BTW, whats the name of the token on counterparty ?

http://blockscan.com/assetInfo/A8543099127490528000

Your words: "100$ = 3,500,000 Agoras.  1 Token = 3,500 Agoras."
So, we have 42m tokens which gives 147b Agoras.

IPO address:  total of $ 6,652.16 received and total amount of 245,936 A8543099127490528000 tokens (out of 42m) sent,

245,936 A8543099127490528000 tokens * 3500 = 860,776,000 Agoras,

860,776,000 Agoras / 3,500,000 * 100$ = $ 24,593.6

received $ 6,652.16 (worth of bitcoins),  sent $ 24,593.6 (worth of tokens).

What am I missing ?

[ohad]

What am I missing ?

you're missing all zennet buyers bought privately over the last ~6m, before this Agoras sale began, and i sent many of them coins (some of them preferred to let me keep them in the meanwhile)

now for the math:
; 42000000*3500
        147000000000
which are the 147 billion agoras as announced.
every $1.02 gives 10 tokens, at today's price after 2% up since a week has passed.
what am i missing?

[mishax1]

Roger that.

Is there a final date for the sale ?

[ohad]

Roger that.

Is there a final date for the sale ?

no. but the amount of coins is bounded, and the price is increasing. obv, the price is so low now, and soon tau will be on air so naturally value and interest will go up, even more than the increase of 2% weekly.
nevertheless I keep the right to inform about the end of the sale one or two weeks before.

[DonShoshan]

Ohad,

I am interested to know more about the changes to the Zennet team, now Tau-Chain team. As I understood, most of the original Zennet team has left, including the former manager, Daniel Peled. Who exactly has left to work for the new Tau-Chain project? What happen that the original team has broken up (if it did broken up) and who is the new manager?

[ohad]

Ohad,

I am interested to know more about the changes to the Zennet team, now Tau-Chain team. As I understood, most of the original Zennet team has left, including the former manager, Daniel Peled. Who exactly has left to work for the new Tau-Chain project? What happen that the original team has broken up (if it did broken up) and who is the new manager?

That's not true. Most of the team is still with me and with tau, including Daniel Peled. The manager is me.

[DonShoshan]

 OK, please introduce your team.

[ohad]

This is not what I have heard... OK, please introduce your team.

i don't know what you've heard and what your intentions are.
i'll think more and ask people's permission before i publish their names again.

[DonShoshan]

Great, after all no one will give money to ANON devs if it is up to him.

[ohad]

Great, after all no one will give money to ANON devs if it is up to him.

I'm taking all responsibility including dev. I'm the first and foremost dev. Complains, to me only.
Anyway, I will publish the team.

[pikuchato]

Great, after all no one will give money to ANON devs if it is up to him.

Ohad is well known in the Israeli bitcoin community and never tried to hide his identity, he is defiantly not anon.

[mr.coinzy]

Great, after all no one will give money to ANON devs if it is up to him.

It seems to me like you are trying to troll here (any personal agenda?)
Why don't you speak only for yourself instead of taking privilege which is not yours to take and trying to speak for others?
Ohad is far from being an anon person and that is more than enough compared to many completely anonymous teams out there.
I have full belief in this project and Ohad as it's leader.

[CoinFreedom]

There is nothing wrong with asking for information about the development team. In fact, it should be required information before investing in anything. I too look forward to getting this information from Ohad. The project sounds great so far.