Tau-Chain and Agoras Official Thread: Generalized P2P Network

[mr.coinzy]

Hi everyone,

I would like to put forward an idea to see what everyone thinks.

We know that Ohad, HMC and co devTeam are working very hard on this groundbreaking project.
It has been announced that Tau will be ready in a few months.
Agoras coin will then take 12months to launch.

My suggestion is that all test coins be allocated to Agoras investors (less scam purchases) as a bonus altcoin.
A two-for-one deal if you like.

Let's say the low utility BetaAgoras (can be renamed) blazes a path (for the 12 month in the future) premier Algoras coin.
It would be sad for investors to see other alt-coins compete on Tau platform with rising mkt caps in this 12 month waiting period.
Ofcourse various other altCoins can be developed on Tau by random individuals, BUT through this strategy we get a head start in  building brand recognition and value that otherwise would be forfeit. Or give unnecessary ground to an Agoras competitor, however inferior and unlikely that may be. Also we gain greater cryptocoin market share overall by existing in BOTH the altcoin space, AND the premier high-utility space.

So in summary holders of Agoras could also receive a second coin BetaAgoras as a free bonus that launch from the genesis of Tau.
I believe that this initiative will help to maximise the creation of wealth from the Tau enabled cryptocurrencies, going to the primary investors associated with the Tau project - the Agoras token holders.

I also believe that for many potential investors the concerns of the 12 month delay will be allayed. Creating a positive and proactive investment platform for a successful pre-sale.

Thoughts?



Note: I am JackPeasant on freenode irc.

freenode#zennet
7:09 PM <JackPeasant>   <HMC_a> at least two coins will come first:
7:11 PM <JackPeasant> If there was a couple of test coins, a betaAgoras - low utility, and deltaAgoras high utility test
7:13 PM <JackPeasant> coins. Could these be issued to agoras token holders (but not those who benefited from scam) ?
7:23 PM <JackPeasant> Their continuation may have residual value as an alt coin in the Tau space. 
7:24 PM <JackPeasant> They would assist in the agoras  presale, countering the concern of having to wait 12months.
7:25 PM <JackPeasant> And tangibly establish the pre-eminent  status of the agoras coin as a shield against quick-start competitors.
7:30 PM <JackPeasant> This in term will create a greater mkt share in the Tau Crypto-currency alt space rewarding Agoras investors.
7:32 PM <JackPeasant> A bonus residual alt coin or two, on top of the Agoras coin.
7:46 PM <JackPeasant> This would regain a very positive footing, generating substantial goodwill, and sales momentum.

I support the original plan without making such alterations as offered here.
Those who will prefer not to wait for 12 months will just purchase later on and for a higher price.
 

[ohad]

Hi everyone,

I would like to put forward an idea to see what everyone thinks.

We know that Ohad, HMC and co devTeam are working very hard on this groundbreaking project.
It has been announced that Tau will be ready in a few months.
Agoras coin will then take 12months to launch.

My suggestion is that all test coins be allocated to Agoras investors (less scam purchases) as a bonus altcoin.
A two-for-one deal if you like.

Let's say the low utility BetaAgoras (can be renamed) blazes a path (for the 12 month in the future) premier Algoras coin.
It would be sad for investors to see other alt-coins compete on Tau platform with rising mkt caps in this 12 month waiting period.
Ofcourse various other altCoins can be developed on Tau by random individuals, BUT through this strategy we get a head start in  building brand recognition and value that otherwise would be forfeit. Or give unnecessary ground to an Agoras competitor, however inferior and unlikely that may be. Also we gain greater cryptocoin market share overall by existing in BOTH the altcoin space, AND the premier high-utility space.

So in summary holders of Agoras could also receive a second coin BetaAgoras as a free bonus that launch from the genesis of Tau.
I believe that this initiative will help to maximise the creation of wealth from the Tau enabled cryptocurrencies, going to the primary investors associated with the Tau project - the Agoras token holders.

I also believe that for many potential investors the concerns of the 12 month delay will be allayed. Creating a positive and proactive investment platform for a successful pre-sale.

Thoughts?



Note: I am JackPeasant on freenode irc.

freenode#zennet
7:09 PM <JackPeasant>   <HMC_a> at least two coins will come first:
7:11 PM <JackPeasant> If there was a couple of test coins, a betaAgoras - low utility, and deltaAgoras high utility test
7:13 PM <JackPeasant> coins. Could these be issued to agoras token holders (but not those who benefited from scam) ?
7:23 PM <JackPeasant> Their continuation may have residual value as an alt coin in the Tau space. 
7:24 PM <JackPeasant> They would assist in the agoras  presale, countering the concern of having to wait 12months.
7:25 PM <JackPeasant> And tangibly establish the pre-eminent  status of the agoras coin as a shield against quick-start competitors.
7:30 PM <JackPeasant> This in term will create a greater mkt share in the Tau Crypto-currency alt space rewarding Agoras investors.
7:32 PM <JackPeasant> A bonus residual alt coin or two, on top of the Agoras coin.
7:46 PM <JackPeasant> This would regain a very positive footing, generating substantial goodwill, and sales momentum.

I support the original plan without making such alterations as offered here.
Those who will prefer not to wait for 12 months will just purchase later on and for a higher price.
 

one of the main tau's req is to begin completely equal without any distinction between the players. then the first users will determine the rules of the network. tau's dev avoids discussing this initial post-genesis process in order not to bias the process.
so, you can raise your idea over tau when ready. on the other hand, bear in mind that tau's power comes from not giving incentive to fork it but to rather share resources and information with the root chain. therefore it'll better not prefer one context over another. but this too is also up to the rules of the network to be determined by the users

[mishax1]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

[richiela]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

I will second that. And somehow the crap keeps piling up on Bittrex. Made so many bad experiences over there, I am fed up.

Sorry, but we are an exchange and did exactly what we are designed to do.  It is not our fault that someone sold legitimate coins here that you want to invalidate.  Do as you please, but I'm not going to do things that are detrimental to our system and users.

richie@bittrex

[elliwilli]

+1 richie

[lordoliver]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

I will second that. And somehow the crap keeps piling up on Bittrex. Made so many bad experiences over there, I am fed up.

Bittrex is not responsible for it. If you don't understand that go back to the banking system...

[mr.coinzy]

I think that the people over at bittrex (richie et al.) could do the roll back if they wanted, but they just chose not to because it is extra work and effort for them and as such does not justify taking further action from their part. I can understand that, even if I do not agree with them in this case (I think they should have accommodated to the special request in this case due to it's special circumstances).
If the exchange solution (best one offered to date) is not a viable option, we should proceed with an adequate alternative (a few have been offered).

[Bimmerhead]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

I will second that. And somehow the crap keeps piling up on Bittrex. Made so many bad experiences over there, I am fed up.

Bittrex is not responsible for it. If you don't understand that go back to the banking system...

+1

Sounds like someone looking for a bail out.

[ohad]

friends, the show must go on.
let's reach a consensus or i'll have to simply send all new tokens except the 20.5M.
the exchange suspension strongly harms the project.
let's have a deadline until tomorrow in midnight GMT (~30 hours from now)

[jrpatking]

Simply burn/devalue the stolen coins. Asking bittrex to rollback is not a good option. The team must act quickly. This is one of the nicely traded coin with great support. It should start trading soon. Many holders are trying to sell in Marketplace and face suspicion from buyers.

[Shield]

this user EuZeN recently trying to sell 500K tokens at cheap price
https://bitcointalk.org/index.php?action=profile;u=111788



as well the theif's address belongs to this wallet
https://www.walletexplorer.com/wallet/11c3fbaa1e320d19/addresses

it can help you to find who was hacker,If you need more help about this I can spend some of my free time to help you guys
A quick investigation shows he is a proven scammer and ponzi operator on bitcointalk

[Shield]

If hacker is reading my message(I am 100% sure he is )

Those tokens are useless for hacker, so better he give them back to Ohad to save time of Ohad and others.if he do refund then it can solve the issue a bit.
according to this post
https://bitcointalk.org/index.php?topic=950309.msg14378761#msg14378761

436478.75 AGRS in hand of users who are ready to cooperate
so if Ohad gets those 20.5M (from hacker) and 436478.75 AGRS (from buyers) back then he get almost all of them back expect <0.15% tokens that were sold to unknown buyer.

Now its upto hacker what he want to do, keep those useless tokens or give them back to save time of developer and others

tokens can returned to original address that is used to distribute them
14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR

[mishax1]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

I will second that. And somehow the crap keeps piling up on Bittrex. Made so many bad experiences over there, I am fed up.

Sorry, but we are an exchange and did exactly what we are designed to do.  It is not our fault that someone sold legitimate coins here that you want to invalidate.  Do as you please, but I'm not going to do things that are detrimental to our system and users.

richie@bittrex

These are your users, we all trade and used to trade on your platform, get your priorities straight.

[Shield]

If hacker is reading my message(I am 100% sure he is )

Those tokens are useless for hacker, so better he give them back to Ohad to save time of Ohad and others.if he do refund then it can solve the issue a bit.
according to this post
https://bitcointalk.org/index.php?topic=950309.msg14378761#msg14378761

436478.75 AGRS in hand of users who are ready to cooperate
so if Ohad gets those 20.5M (from hacker) and 436478.75 AGRS (from buyers) back then he get almost all of them back expect <0.15% tokens that were sold to unknown buyer.

Now its upto hacker what he want to do, keep those useless tokens or give them back to save time of developer and others

tokens can returned to original address that is used to distribute them
14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR

Looks like hacker read my message, I see a recent transaction on 14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR
https://blockchain.info/tx/8d28f45701eaa4d54fd5450cfc67d0cb50049e5e6df5802b5e05b3c03290d348

lets wait Ohad for update, I hope all 20.5m coins were returned

[yuyu123]

Bittrex not willing to cooperate and rollback the trades?  Don't trade there..

I will second that. And somehow the crap keeps piling up on Bittrex. Made so many bad experiences over there, I am fed up.

Sorry, but we are an exchange and did exactly what we are designed to do.  It is not our fault that someone sold legitimate coins here that you want to invalidate.  Do as you please, but I'm not going to do things that are detrimental to our system and users.

richie@bittrex

These are your users, we all trade and used to trade on your platform, get your priorities straight.

Richie,

Did you considered my second suggestion, here:

https://bitcointalk.org/index.php?topic=950309.msg14385736#msg14385736

It is not required a roll-back, and it is very easy to implement. The stolen token are held by 10 users maximum. You can exclude them from the automatic replacement process and handle their accounts manually. I am not seeing why it is a problem to do it.

[yuyu123]

friends, the show must go on.
let's reach a consensus or i'll have to simply send all new tokens except the 20.5M.
the exchange suspension strongly harms the project.
let's have a deadline until tomorrow in midnight GMT (~30 hours from now)

I still hope Bittrex will cooperate with us to distinguish the stolen tokens from the legitimate one, and receive for them BTC instead of replacement IDNI tokens, but if not, Ohad can send Bittrex replacement IDNI tokens only for the legitimate tokens (not for the 500,000 stolen tokens) and the holders of the stolen tokens (I guess, less than 10 users) can contact Ohad to request him the bitcoin amount they paid for the stolen tokens.

[ohad]

Looks like hacker read my message, I see a recent transaction on 14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR
https://blockchain.info/tx/8d28f45701eaa4d54fd5450cfc67d0cb50049e5e6df5802b5e05b3c03290d348

lets wait Ohad for update, I hope all 20.5m coins were returned

only 10M http://omnichest.info/lookupadd.aspx?address=14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR

[ohad]

i suggest we first come up with a method that prevents loss to all buyers. then, if we can do some cosmic level justice, that'd be great, and that's what tau is about. still preventing loss is more important than preventing profit.

at any case if it'll be decided to pay the bitcoins back to the buyers of the 500K, i'll pay that.
problem is we don't know who are they all, while we cannot discriminate between them.

[cryptoman77777]

Bittrex does not bring back stolen tokens?!
this is a disaster!

[yournotsosmart]

Looks like hacker read my message, I see a recent transaction on 14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR
https://blockchain.info/tx/8d28f45701eaa4d54fd5450cfc67d0cb50049e5e6df5802b5e05b3c03290d348

lets wait Ohad for update, I hope all 20.5m coins were returned

only 10M http://omnichest.info/lookupadd.aspx?address=14gF3Up7wdRdkxAL4GgQLdnM8CThgDUSHR

i ty send more 10 mills and wont send they ask for high bitcon fee