Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World
by
starsoccer9
on 08/07/2015, 22:00:00 UTC
Quote from: fordlincoln on July 08, 2015, 07:03:18 PM
Quote from: canth on July 08, 2015, 01:05:40 AM
Quote from: starsoccer9 on July 03, 2015, 07:54:49 PM
Quote from: canth on July 03, 2015, 12:26:22 PM
Quote from: Trests on July 03, 2015, 09:48:53 AM

Our Retail Partners allow you to buy and sell Trests in locations all over the world.


Please provide one example of a retail partner that advertises their prices on their website, transparently.

Quote from: Trests on July 03, 2015, 09:48:53 AM

With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +.
Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable.

There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them?

When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks.

I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it

OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey.

I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions.

If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes.

There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes.

Yes, I would say atleast Trestor is currently better than Ripple where now you need to fill out AML and KYC and they can just reverse transactions. Its basically paypal at this point