Quote from: imorpheus on October 01, 2018, 10:48:32 PM

Summary: an experimental fast, fair and secure crypto currency without inflation
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network
- adjustable block numbers to speed up
- minority rebellion from 51% power censorship attack
Innovative ideas - on-chain mining club and rewarding, delegation, epochs
Community service - TAUX, faucet and bounty, Tau Capital for startup

Detail The plan for next 12 months is bold and intensive in following areas.
- Accumulated transaction fees within certain time in a mining club will determine the probability of the club leader to generate next block, and prevent spam.
- Mining has to be permission-less and low computing power for mobile device. It shall not encourage hardware arms race or asset hoarding.
- Past research shows that the block time delay is required by handing over generation right to others include decision and communication. Under consensus, TAU shall achieve scaling by permitting the same generator to produce multiple blocks when high transaction volume happening.
- 51% attack to perform censorship and double-spending is considered unavoidable on block chain. However, through rotating a number of epochs, each epoch consists certain number of blocks. Limitting one generator in its epoch and prohibit the same generator to produce blocks in upcoming epochs, from rotating perspective, the 51% power is not able to censorship the network. Double spending problem is contained as well.

Along with above key ideas, Tau enacts onchain mining club and efficient club wiring to reward massive club members after every check-point on public ledger to avoid leader corruption. If not mining by themselves, members shall delegate mining effort to club leader. The multiple epoch idea allows low power mining club to have higher chances to generate blocks, because high power clubs contained in previous winning epochs. The more epochs for rotating, the low entry barrier to win blocks and higher security for the network.
To increase community satisfaction, we will operate Tau exchange (TAUX), an automatic swap of TAU and BTC investment pools four times a day. TAU capital will invest TAU app entrepreneurs.
To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.

We invite you to debate above points. The bounty reward is 10M tau and waiting for you to take.
On-going white paper is https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.4.pdf

-12 months - 10 million TAU Debate Bounty Mechanics;
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- The team will choose the up to 5 qualified participants weekly.
- The chosen 5 will be subject to voting system.
- Winners will be evaluated into three (3) voting category
  33.33% for the Twitter
  33.33% for the Telegram
  33.333% for the Discord
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
  1st Prize; 100,000 TAU
  2nd Prize; 60,000 TAU
  3rd Prize; 40,000 TAU
- Winners will be posted in bitcointalk, taucointalk, TAU Telegram and Discord channel https://discordapp.com/invite/ydhx3um

With the impediment of swap pool in TAUx, I think most people especially those who belong in the early phase has invited already those they have to invite and such as the case is, incoming referrals are from current joiners only. This means more than half of the members (in my opinion) will not engage in transactions in the TAU blockchain. Mining new coins might be a problem as there are fewer transactions. Any events to facilitate fresh transactions in the blockchain? If I might suggest, let the team create a room/app/website for entertainment such as games (e.g. poker, blackjack, (pusoy and tong-its) etc...), movie watching, hourly/daily faucet, music playing, etc. There could be a lot of potential activities to be done at the meantime. Do not just focus one that could take months or years to develop. I know the struggle and I just don't want people to sit back and wait. Anyway, TAUcoins are made for consumption in whatsoever ways we can.