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RE: Is Agoras a scam? Is Dana Edwards a "market manipulator"?

in #tauchain7 years ago

I am in tune with your thoughts. I am at a considerable loss. I see my investment go down day by day, week by week. The community is withering away. Since I can't see anything concrete, I can't average down. It would be a folly further investing without anything tangible, public statements, and the so much desired thesis-whitepaper. The only point I would disagree on is that I am tempted to sell not to see my investment get to zero, thus at least retrieving a small portion of the investment which I might locate somewhere else or simply save it.

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This is indeed a very sad story. Sad to see that a project with great potential doesn't really take off. The price of Agora token was predicted for $100 by this year.

No, it has not dissolved. Development is closer than ever actually. The problem is most people who bought into the project early on probably were not qualified to understand the heavily technical code base and computer science behind the project.

I myself am fortunate to come from a background which allowed me to identify the value of the idea and of the code currently being developed. To understand the value from a technical point of view you require a computer science degree or even a Phd in some cases or equivalent experience.

The code on Github reveals the progress which is happening:
https://github.com/IDNI/tau

For the less technically inclined what you can see on Github is the attempted implementation of partial fixed point logic as pfp.cpp and an attempt to implement the partial evaulator as lppe.c.

If you can read C++ and C then you can see that what is discussed is currently being implemented and tested. So for that reason I'm more confident now than I was when I originally wrote this blog post. But for people who do not understand what is at stake or the technical details I have to say I don't blame you if you decide to sell. I just hope you don't regret it like the people who sold Ethereum at $1-2 or the people who sold Bitcoin at $1 etc.

I'm not going to sell any time soon. If we can get an implementation of this project then yes $100 is easily possible. More important is if we can get an implementation then there might not be a reason to sell even at $100 because that might be too cheap. It all depends on how powerful Agoras can be and if you know the technology well enough how much patience you have.

Thanks Dana. I didn't find the right words, therfore I did change my comment. Unfortunately am not enough qualified to really understand the whole issue. I only felt that Tau has a great potencial and might be a big and logical step forward in human evolution. I am glad to meet people like you on this platform who can explain things in layman's language. Follow you.