bank wire claimed as "completed successfully" by bitfinex was never credited by my bank. Bitfinex: Please answer support ticket #674791

Not agree at all. This is not what I signed up for. I, invested in “zennet”. Then Ohad claimed that TAU-MLTT is a faster way to implement the features of zennet and this is why the zennet investors community supported the change. At least  TAU-MLTT was considered possible by HMC and the few other guys in TAU-MLTT team. I was also not signed up for the abandon of the little progress achieved in TAU-MLTT in 2015-2016, and for going to the unknown. Today, only Ohad understand the project, and it seems nothing happening and nothing progress. I was also never signed up for the change of the ICO terms defined in February 2015.

It seems that nobody is working on the code for years. Almost no single code line at the last year.

you can buy a pc or install iguana on VM

another good reason why Ohad should stop selling the tokens in private agreements and with huge discount and concentrate all the token salling in bittrex, in fixed full price: to have more volume in bittrex for the better of the traders and to avoid delisting.

please pay attention to the next both alerts:

https://ftalphaville.ft.com/2016/10/18/2177180/the-founder-of-digital-bank-wb21-was-previously-sued-for-allegedly-stealing-millions-of-dollars/

http://theheureka.com/wb21-founder-has-history-of-fraud

In the remote scenario in which the investors community will decides to build the “agoras” over TAU-MLTT and Ohad would not agree to cooperate, the agoras-MLTT development can raise funds by taking a snapshot of the blockchain from October 04, 2016, 11:13:01 PM GMT, issuing a new token, contains 42m units, distribute tokens to holders of “IDNI 58” of that date (except the issuer), and sell the rest of the tokens.

Even better option: Asking Ohad to stop the ICO for now, and wait few weeks after the release of TAU chain to start it again, for the next reasons:

1.
Ohad declared in the past that the TAU chain development is not required a big amount of money, and that the funds raised now are for the "agoras" development. So there is enough money now to complete the TAU chain development.

2.
There is no sense to continue to raise funds to “agoras” project, when it is not clear yet if the TAU chain will be released ever, what TAU chain will be released, and what will be its quality.

3.
After the release of TAU chain, the tokens could be sold in much higher price, which can lead to better budget to the “agoras” development and possibly to better “agoras” final product.

Is there a fast way to replace standard PoW consensus mechanism? (as one scenario of many others) Miners could threaten to attack the system if the community will dare to start a discussion about replacing the consensus mechanism

Cryptocurrency with "tax" couldn't ever be used as store of value instrument, and no exchange would add it. It is also a security and  ideological backdoor, as it is a mechanism that can take money from your wallet without having your private key.

I've already referred to this issue:

"
Q:
The tokens suggested to be frozen will not be offered for sale in the ICO, and thus less money in raised for development.
A:
Not necessarily. There are still 14 million tokens for sale and this is a vast amount. Ohad can update the tokens price to reach optimization so enough funds are raised for the sake of development.
"




We have to Assign coins to be used for block rewards if we don't want to "print out" additional coins over the planned maximal amount of 42 million tokens. The second plan for distribution of Agoras coins to Bitcoin holders, in exchange for Bitcoin burning is optional, but brings us great opportunity to involve the Bitcoin community in the Agoras economy and get many more users to the new coin.

The original ICO specifications are not changing as I wrote here:

"
Q:
Why you suggest to freeze 19.74 million tokens and not a different number?

A:
In the post in which Ohad presents the conditions of the ICO for Agoras (https://bitcointalk.org/index.php?topic=736447.msg10403838#msg10403838), he designates 50% of the tokens for the ICO, and 3% of the tokens for funding post genesis development of Agoras. He does not present designation for the additional 47% which equals 19.74 million tokens.
"



I think the principle of monetary continuity needs to be a standard in any new cryptocurrency aiming to achieve mass adoption among the crypto community 

contrary to Counterparty, which is complementary product to bitcoin, Agoras can be alternative coin to bitcoin and can replace it, so burning Bitcoin for Agoras is much more sensible than in Counterparty issue. 

In case the community shall give a principal agreement for the following proposal, I wish to ask Ohad, to halt the current ongoing ICO after reaching the total sale of 21 million tokens. In addition, I wish to ask Ohad to freeze the sum of 19.74 million tokens in favor of the following specified monetary plan, or any other plans which are offered and accepted by the community.  

1. Block Rewards:
It seems that the PoW consensus paradigm will be used in Agoras. Currently there is no plan to assign coins in favor of Block rewards. The mechanics of the PoW consensus without block rewards is an experiment that was never tried before in any other coin, and is considered by many to be unfeasible for implementation (even in Bitcoin in 30 years time). At first, the Agoras economy is expected to be of a relatively low market value, and to have relatively few users and transactions. I therefore predict that the underlying network will not be sufficiently secure without the use of block rewards. I suggest assigning 5% of the total number of coins, equaling the sum of up to 2.1 million tokens, to be used for block rewards. These will spread out over many years, to ensure network security. If we avoid assigning coins to this purpose now, and all the tokens offered for sale are sold, it will be needed to "print out" additional coins over the planned maximal amount of 42 million tokens.

2. The distribution of Agoras coins to Bitcoin holders, in exchange for Bitcoin burning:
Agoras will posses superior technology which will enable it to replace Bitcoin as the number 1 cryptographic currency. The probability to achieve this goal is greater if we chose to involve the Bitcoin community in the Agoras economy, and if we can create monetary continuity between the Bitcoin and Agoras market value. To achieve this, I suggest building an automated mechanism which distributes to Bitcoin holders, up to 42% of the total number of Agoras coins, equaling up to 17.64 million tokens, in exchange for the burning of up to 21 million Bitcoins. Such mechanism will be active in time and quantity limited steps. In the creation of Bitcoin, the more we move forward on the time line, the less coins are minted, for a higher value, to a larger number of users. Differing from this mechanism, I suggest that the distribution of Agoras in exchange for the burning of Bitcoins, as mentioned above, will be done in stages. During the initial stages, a small number of coins will be offered to for a reduced price, and the more we move forward on the time line, the number of coins for distribution will increase along with their price.


For example:

In the first stage:
100,000 Agoras coins will be distributed in exchange for the burning of Bitcoins, according to an exchange rate representing a market value of about 210,000 Bitcoins for the entire Agoras economy. Such stage will be valid until the completion of the specified quota, or the completion of 6 months after the genesis block.

In the second stage:
270,000 Agoras coins will be distributed in exchange for the burning of Bitcoins, according to an exchange rate representing a market value of about 231,000 Bitcoins for the entire Agoras economy. Such stage will be valid until the completion of the specified quota, or the completion of 7 months after the genesis block.

In the third stage:
474,000 Agoras coins will be distributed in exchange for the burning of Bitcoins, according to an exchange rate representing a market value of about 254,000 Bitcoins for the entire Agoras economy. Such stage will be valid until the completion of the specified quota, or the completion of 8 months after the genesis block.

And so on…
Agoras coins which will not be distributed will be destroyed.

The initial price of Agoras, in the distribution phase in exchange for Bitcoin burning, needs to be significantly higher than the price paid by investors in the ICO, yet significantly lower than the price which represents the entire market value of the Bitcoin economy. For example: a price which represents a market value of about 210,000 Bitcoins to the entire Agoras economy.

Due to our ambition, that Agoras will replace Bitcoin as the number 1 cryptographic coin, and reach a higher market value, the final distribution phase price, must be significantly higher than the price which represents the entire value of the Bitcoin economy. For example: a price which represents a market value larger than 50 million Bitcoins to the entire Agoras economy.

I propose that the above mentioned distribution mechanism will transfer the Agoras coins only after 1000 confirmations where reached for the Bitcoin burning transaction (or any other prolonged period). This is necessary, in order to reduce the usage of such mechanism for short term speculations, and mostly, in order to reduce the lack of trust in the Bitcoin network. It might be that certain miners will try to hurt the mechanism by approving a burn transaction and afterwards move to a different chain which does not approve this transaction.



Questions and answers:

Q:
Why you suggest to freeze 19.74 million tokens and not a different number?
A:
In the post in which Ohad presents the conditions of the ICO for Agoras (https://bitcointalk.org/index.php?topic=736447.msg10403838#msg10403838), he designates 50% of the tokens for the ICO, and 3% of the tokens for funding post genesis development of Agoras. He does not present designation for the additional 47% which equals 19.74 million tokens.

Q:
What will happen if the ICO sells less than 21 million tokens?
A:
I suggest keeping a relative amount of 47% of the total number of Agoras coins for the suggested monetary plans. If only 10 million tokens are sold, respectively, I suggest assigning to the monetary plans only 9.4 million tokens.

Q:
What shall happen after all block reward coins are distributed?
A:
The same problem also exists in Bitcoin. The coins assigned for block rewards will be spread out over many years. For example: over the period of 40 years. In 40 years time one of the following solutions will probably be implemented:

1. Agoras will not exist and will not be needed.
2. Agoras coins will be of significant value, and the underlying network will sustain a large number of transactions, so it will be possible to base network security on commissions alone.
3. The consensus mechanism will be changed to PoS.
4. A different consensus mechanism than PoW or PoS will be found and implemented.
5. If none of the above specified scenarios materializes, and no other solution will be found, we will be forced to "print out" a small number of additional coins, in order to assign them to block rewards for additional years to come.

Q:
The tokens suggested to be frozen will not be offered for sale in the ICO, and thus less money in raised for development.
A:
Not necessarily. There are still 14 million tokens for sale and this is a vast amount. Ohad can update the tokens price to reach optimization so enough funds are raised for the sake of development.

Q:
I principally agree to the freezing of tokens for future monetary use, but not to the presented plans and numbers.
A:
 The current suggestion is only to freeze the specified tokens until the community makes a future decision over Tau, what to do with them. Tau will provide tools to create a better decision mechanism than what is presently available. All presented figures are purely intuitive, without mathematical optimization, and are aimed for demonstration purposes only. The community will be able to perform optimization for these figures over Tau.

Q:
What is the actual amount of Agoras coins that will be distributed for the sake of burning Bitcoins?
A:
One of the main goals of this plan is to create monetary continuity between Bitcoin and Agoras and to facilitate Agoras as the number 1 cryptographic currency. Therefore, we wish to allocate for distribution the amount of Agoras coins in return to the burning of 21 million Bitcoins. We have a definitive proof that not all of the allocated Agoras coins will be distributed during this process due to the fact that not all 21 million Bitcoins will be burned proportionally.
The amount of Agoras coins to be distributed during this process is dependent on the future market price of the Agoras coin. It is reasonable to assume that if the market price of Agoras will be marginal, no Bitcoins will be burned in the process, and no Agoras coins will be distributed respectively. If the market price of Agoras will be high, a small amount of Bitcoins will be burned in the process and a small amount of Agoras coins will be distributed. In case the market price of Agoras will be considerably higher (representing a market value of at least 50 million Bitcoins and more), a large amount of Bitcoins will be burned and a large amount of Agoras coins will be distributed.


* thanks to mr. coinzy for translate this proposal to English.

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.

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.

There are only few trades involved with stolen tokens. Why reversing them is a big issue?

There are still 57295.22 token which are in unknown hands.
https://bitcointalk.org/index.php?topic=950309.msg14378761#msg14378761

Another solution:
Does all the 500,000 stolen AGRS tokens are still in Bittrex? Can you distinguish them from the other (legitimate) AGRS tokens in Bittrex accounts? If true, Ohad can send you replacemnt IDNI tokens only for the legitimate tokens + the amount in bitcoin paid for the stolen tokens. Users that hold stolen tokens will receive the amount they spent in bitcoin, instead of replacement IDNI tokens.   

Bittrex has the technical capability to do this roll-back and as Ohad can fully compensate them, they'll lose nothing. I wrote them an e-mail to suggest this solution, with a copy to Ohad. I hope bittrex would cooperate with us to resolve this issue, but if not – I'll withdraw all my funds from my account there. 

Bittrex should roll back all trades with stolen coins. Ohad should recompense them for the amount withdrawn by the scammer and for their fees earned from those trades. 

The sha-256 of ZIP file downloaded from here https://www.bitaddress.org/bitaddress.org-v2.9.11-SHA256-40376eddc790a63d9afcfb72c0a45002827da965f3bfe6ba8c330e697bf188b2.html is not equal to what indicated for this version here https://github.com/pointbiz/bitaddress.org/blob/master/CHANGELOG.txt
why?

It is good strategy to attack a shitcoin, but it'll be very expensive, and maybe impossible to buy considerable part of all the bitcoins. And if you have such considerable stake, you wouldn't destroy the value of them by attacking the system.

Let’s face it: PoW algorithm lead the Bitcoin currency to nowhere. If someday Bitcoin become to be no. 1 world reserve currency the price of it would raise to over 1 million dollar for unit. This price on 2021 means electricity waste of 1 bn dollar daily on PoW mining. Same price on 2019 means electricity waste of 2 bn dollar daily. It is obvious that those quantities of energy waste are not substantial.

As the Bitcoin system work on PoW, the miners community grab all the bitcoin community on the balls. They would never agree to give up their huge income from PoW mining, even if they’ll be shown that other authentication algorithm will be better to the bitcoin community and to Bitcoin as a system.

Future hard fork in the Bitcoin network is inevitable. Otherwise, Bitcoin will lose its consensus as the main cryptographic currency to another no-PoW currency. The losers from such developement would be all the bitcoin community: investors, users, merchants, and Bitcoin services suppliers.

The best solution, by my opinion, is an immediate fork which changes the mining algorithm to DPoS (or any other algorithm that not include huge electricity waste in its core functionality) after block 630,000 (approx. on year 2020) The miners would have relatively low resistance to this kind of update, as their business plans are not go so far, and as their actual mining hardware shall be anyway useless on that future point. Miners that’ll enter to the mining scene with new hardware in the future would anyway take this fork in their rentability calculations.

It is important to code this update in a way which the miners would not know what clients and what users use the forked version, so they couldn’t discriminate them in any way. This point is very easy to implement, as there is no difference between the functionality of the two versions before 2020.

There is no need to wait for a non-PoW algorithm will prove effective over the years. If we will discover in the future that DPoS algorithm does not work properly, or there is a better algorithm, the fork would be updated to the optimal algorithm. Anyway, the fork has no effect on the current functionality of the Bitcoin network, but only on the functionality of its future after 2020.

Meanwhile, leaders in the community, as exchanges, blogs and wallets developers will inform the users about the proposed change and its meaning, so when the inevitable hard fork in the blockchain will happens, all the Bitcoin community will be behind the more efficient forked version, leaving only the miners with the old one.

The core developers will be able to take further action to prevent "miners rebellion" before the year 2020: the threat that if such a revolt happens, transition to the new non-PoW algorithm will start immediately. Not in the future, so the miners will lose their expected income till 2020.