Post
Topic
Board Announcements (Altcoins)
Re: Tau-Chain and Agoras Official Thread: Generalized P2P Network
by
Foerster
on 28/03/2016, 00:43:12 UTC
Quote
it seams it will be a long time (sereral years) and risky investment for us.
This is why you might get paid big bucks at the end.

Big asymmetric payoffs were what gave people the incentive to finance the ventures of the Henry Fords, the Thomas Alva Edisons, the Christian Barnards, who produced the miracles that have benefited us all.
Of course, there were lots of losers along the way. We don't remember their names, but they went in with their eyes open, they knew what they were doing, and win or lose, we as society benefited from their willingness to take a chance.

I wouldn't worry to much about exchange price at the moment. The market isn't even close to rationalizing this thing, let alone pricing it. This is nothing more than a idea and some code on github (both of which few people are able to understand).
Also should Tau become a success it doesn't automatically mean that Agoras will.

Something different:
In one video Ohad spoke about the "rules of rule making" for the Tau chain. I think initially these rules could be kept relatively simple to ensure flexibility and fast progress and only later should interest and importance of Tau increase, more sophisticated rules of mixed government type should be introduced. (I favor a mix of oligarchic, democratic and aristocratic elements).