Smaller vs larger denominations in crypto
The large denominations produce a different psychology (the psychology of scarcity). This has a problem though because if for example 1 ETH or 1 BTC is $1000 it does eventually begin to look like it's just for rich people. It begins to look to some in developing countries that it's just too expensive. On the other hand Ripple has smaller denominations and still has quite a high market cap regardless.
In the official documents, it is known that the Agora tokens currently being sold on exchanges are "intermediate tokens". There are going to be roughly 42 million intermediate tokens. When people look at it this way people might think the price of AGRS is high after a certain psychological barrier such as $100. At $100 using the intermediate tokens the market cap would be four billion two hundred million. In crypto this is not that high of a market cap and in tech this is not so high. A tech company can easily reach a market cap of 4 billion and if we remember Snapchat had a market cap far beyond that.
In the case of Tauchain which the goal is to reveal to the world truly novel technological breakthroughs which provide for unique features then we can not predict where the high end for AGRS will be. What we can know is that the price looks vastly different if we look at it via intermediate tokens vs official Agora tokens. 147,000,000,000 tokens can exist according to Ohad.
So we do not sell Zennet coins anymore, and all previous buyers will get Agora, offering no less but much more technological and economical features. The current sale terms are as follows: From now on, we sell 50% of coins for approx $2M: The current price is $100 for 3.5 million (3,500,000) Agora coins, and will go up in 2% every week. Total number of coins is 147,000,000,000.
In this case the true number is 147 billion. These are Ripple like numbers. So a price of between 0.01 and 0.04 USD is per token is reasonable in a good market. The $1 range is if AGRS achieves similar to Bitcoin price success range. This in my opinion would be extremely optimistic. Ultimately no one can predict where the price could move and currently 1 true AGRS is less than a penny.
For people who did take the risk to buy Agora tokens at $100 to get 3.5 million? If it ever does reach $1 level (Ripple or Bitcoin scale success) then you folks are multi-millionaires in the making.
De Lege Ferenda  is a series. Like the Tauchain Exegesis ,  is. One train of articles.
This is the introductory 'locomotive' article where I attempt to nail down the essential basics. This is nontrivial cause it requires compression of very long stream of thoughts and research. Spanning literally decades. In that sense some of the overcompressed categorical statements are also cognitive ''letters of credit''  or ''promisory notes''  - comprising debt of mine for future separate more detailed explanations to come. I'm afraid this is the only way the theses and conclusions of mine to be expressed in a reader-friendly way. Of course, questions and comments as mutual understanding accelerator are as always more than welcome.
Three ''angles of attack'' , in roman numerals and capitals in pure latin (the lingua franca  of law :) bellow:
Maybe I ,  already tired you with repeating my incantation of:
Law is Between, Code is Within , 
It is quite multi-dimensional in meanings and multi-disciplinary in consequences but here it comes to denote the unavoidability of Law. Rendered down to the most basic physics we currently know:
This is the way and reason why Law is enforceable and Code is executable. And the major categorial difference between them which makes the notion of 'code is law'  utter nonsense, as well as, it seems, also destroys the very basis of the notion of 'smart contracts' . But this belongs to bunch of other series of mine to come ...
Even if it was theoretically possible all effectors  to become one, there'd still be internal uncertainty fragmentation and thus unavoidability of enforcement.
Leaving this head-dizzying fundamental cognitive datum  and heading up across the higher abstraction epistemic layers  we reach the surface to take a swallow of fresh air to:
Nothing, read my lips, NO-THING in crypto or blockchain has ever been or could possible be extralegal.
Cuz there ain't a thing in any blockchain aspect which is not ... physical. Hence beyond the scope of Law.
Blockchain is most probably the arrival of the expected Hanson engine , or Szabo booster , or ultimate Clusivity management tool . Which makes it extremely important domain for proper legal treatment and regulation - both as taxonomy within the existing institutes of Law  - lex lata, and as creation of novel norms to cater it - lex ferenda .
(as a side note: expectedly the novel collective mnemonic technologies knows under the umbrella term of 'crypto' provide positive feedback loop to strengthen the Law, too - Tauchain  seems to promise  the advent of law, at last, as consistent and decidable set of rules, for first time ever.)
II. IURIS DICTIO
Law being inherently about physical, is also about spatiotemporal, i.e. about geography / geopolitics. It is always territorial even when it is cross-border applicable by the virtue of international law or internal rules to resolve inter-jurisdictional normative collisions.
The known world (I deliberately do not say: the planet, the Earth, or the globe because of ... of course - the Outer Space Law  !), is tessalated geographically into jurisdictions , . Countries or nations. The pattern pixels of the universal human jursdictional cellularity. But borders not as much divide as they connect.
The world is internet of jurisdictions no matter how yet primitive are the networking protocols and architecture. And because due to topological defficiencies this can not yet be a geodesic network  - some jurisdictions are special. And among the special there are some which are even more special than the merely special ones. The specialness stems from the fact of what a jurisdiction enjoyed gives to its user.
After decades of observation and practice and comparative studies I reached the conclusion that THE jurisdiction is the Principality of Liechtenstein ! 
Mere ennumeration of its features and the sheer lack of bugs would occupy a sizeable volume. Liechtenstein is not just an island periphery money hideout of an old fat imperial metropoly - it is a HUB. It is immersed  right into the middle of the healthiest-wealthiest community of EU .
What starts in Liechtenstein does not stay in Liechtenstein but swiftly propagates into the giant space of EEA . It is a keyhole jurisdiction straight into this most giant jurisdiction of jurisdictions - so strong in soft power  and so influential that even the FAMGA  seem to reckon Europe more than their own home jurisdiction .
Liechtenstein is simultaneously with deepest and most stable roots in the best of history and geography and is most advanced and ahead in the making of legislation of a highest probe of adequacy.
It does in 2018 - what I (and just a few others) predicted years ago to happen. We must herein admit that other jurisdictions do have some timid try-outs for legal codification of the blockchain but nothing compares with the comprehesive and in-depth approach of the Principality's legislators.
On 28th of August 2018 Liechtenstein published  a draft  of the new Blockchain Act:
<< On 28 August 2018, the Ministry for General Government Affairs and Finance of Liechtenstein published the consultation report on the new Blockchain Act (Act on Transaction Systems based on Trustworthy Technologies (VT) (Blockchain Act; VT Act; VTG)).
The government has decided to regulate not only the current Blockchain-applications (in particular cryptocurrencies and initial coin offerings (ICOs)), but also to establish a legal basis for the entire scope of application of the token economy according to a long-term approach, which should also meet the needs of future generations. >>
The basic provisions of the Liechtenstein Blockchain Act are exposed yet only in German language - which I'm not at all in command of and a language quite indgestable by the Google Transalte AI.
The consultation period ends on 16 November 2018, i.e. less than 2 months left from today.
My modest intention is by this De Lege Ferenda series of articles to provide my comments and opinions to 'whom it may concern' on the upcoming Liechtenstein Blockchain Act.
You already know I'm kinda fond of timelining and retrodictions.  :)
Every result has its cause, often hidden in the ocean of data what past is, and quite hard to distinguish.
US has its Captain America . Liechtenstein is lucky to have its Mr Liectenstein .
Andreas Erick Johannes Kohl Martinez of the House of Sequence . Remember that name.
Since the dawn of the blockchain era, I'm under the strong conviction that Liechtenstein is the true Crypto Valley  of the globe. So is Andreas, too. Purely by chance it occured that we both - long time before we knew eachother - have this astronomically improbable coincidence or synchronicity  of this and multitude of other thoughts.
Society of mind .
[*] - photo attributed to: By Michael Gredenberg - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=18962
 - https://en.wikipedia.org/wiki/Lex_ferenda
 - https://steemit.com/tauchain/@karov/tauchain-exegesis-intro
 - https://steemit.com/tauchain/@karov/tauchain-exegesis-the-two-towers
 - https://en.wikipedia.org/wiki/Letter_of_credit
 - https://en.wikipedia.org/wiki/Promissory_note
 - https://en.wikipedia.org/wiki/Angle_of_attack
 - https://en.wikipedia.org/wiki/Lingua_franca
 - http://www.behest.io/
 - https://steemit.com/blockchain/@karov/behest-for-tauchain
 - https://steemit.com/tauchain/@karov/tauchain-trumps-procrustics
 - https://steemit.com/tauchain/@karov/tauchain-and-the-cost-of-trust
 - https://en.wikipedia.org/wiki/Pauli_exclusion_principle
 - https://en.wikipedia.org/wiki/Fermion
 - https://en.wikipedia.org/wiki/Enforcement
 - https://en.wikipedia.org/wiki/Uncertainty_principle
 - https://en.wikipedia.org/wiki/Free_will
 - https://en.wikipedia.org/wiki/Mutual_information
 - https://www.coindesk.com/code-is-law-not-quite-yet/
 - https://en.wikipedia.org/wiki/Smart_contract
 - https://steemit.com/tauchain/@karov/tauchain-over-de-latil
 - https://www.etymonline.com/word/data
 - https://steemit.com/tauchain/@karov/tauchain-the-hanson-engine
 - https://steemit.com/tauchain/@karov/tauchain-as-szabo-booster
 - https://steemit.com/tauchain/@karov/clusivity-by-tauchain
 - https://en.wikipedia.org/wiki/Lex_lata
 - http://www.idni.org/
 - http://www.idni.org/blog/tau-and-the-crisis-of-truth.html
 - https://en.wikipedia.org/wiki/Space_law
 - https://www.etymonline.com/word/jurisdiction
 - https://en.wikipedia.org/wiki/Jurisdiction
 - https://steemit.com/blockchain/@karov/geodesic-by-tau
 - https://www.liechtenstein.li/en/
 - https://www.liechtenstein-business.li/en/economic-area/get-to-know/hidden-treasures/liechtenstein-combines-the-best-of-both-worlds/
 - http://europa.eu/
 - https://en.wikipedia.org/wiki/European_Economic_Area
 - https://en.wikipedia.org/wiki/Soft_power
 - https://medium.com/crypto-oracle/why-cryptos-a-growing-threat-to-famga-a-k-a-facebook-apple-microsoft-google-and-amazon-ea237570d3ea
 - https://www.dw.com/en/eu-gives-facebook-twitter-ultimatum-on-consumer-protection-laws/a-45573561
 - https://www.pwc.ch/en/insights/regulation/liechtenstein-publishes-draft-of-the-new-blockchain-act.html
 - https://www.llv.li/files/srk/vnb-blockchain-gesetz.pdf
 - https://steemit.com/bitcoin/@karov/bitcoin-retrodictions
 - https://en.wikipedia.org/wiki/Captain_America
 - https://podcast.bitcoin.com/e349-How-Libertarian-Leader-Mr-Liechtenstein-Got-Lucky
 - http://www.sequence.li/
 - https://www.businessinsider.com/what-its-like-in-zug-switzerlands-crypto-valley-2018-6
 - https://en.wikipedia.org/wiki/Synchronicity
 - https://en.wikipedia.org/wiki/Society_of_Mind
 - https://steemit.com/tauchain/@karov/scaling-is-layering &https://steemit.com/tauchain/@karov/tauchain-transcaling
''Tau solves the problems from the Tower of Babel to the Tower of Basel''
- an early 21st century yet undisclosable author
Okay, dearest friends, lets pull sleeves up and start with it. Vivisection of the Scriptures? Revelation by transfiguration? Pulling the Tau from the ocean of wisdom out on the dry no-Maths-land? I hope not.
The quote above on first glance sounds so pompously biblical, but in fact it denotes the crystal clear and simple practical and mundane rationale of Tau which I already tried to approach from few angles , .
It is about the hierarchic bottleneck of one unscaling ,  Humanity. Take the hint about leveling of the Towers as a poetic symbol of elimination of the social 'verticality' -- the hierarchies as a so far necessary evil to compensate certain innate neurological limitations , , ,  -- and reforming  the network we are embedded into and usually call mankind or society or economy or world into an as geodesic as possibly possible one . For the sake of its own functional programmatic optimization .
Notice that towers leveling is not by demolition, but by uplifting the overall landscape level to and above the tower tops, turning them into deep roots or support pylons of asymptotically geodesic society .
Apparently, mentioning the Gate of God  denotes the unmixing  of languages & mentioning the apex global fiat settlement institution  - the excelling of the current fiat procrustics  i.e. the economy aspect.
That is: TML to Agoras . The first and last of the totally six identified aspects or steps of the social choice  as addressed by what we call Tau.
''our six steps of language, knowledge, discussion, collaboration, choice, and knowledge economy''
These aspects deserve of course separate zoom-in exegetic chapters and they'll definitely get it. I promise. And not only they.
Any exegesis of Tau unavoidably must start with scroll back and tracking down of the full history of the development so far. As a zoom out to see the full picture and to identify the dominant features of the landscape relief.
You, I reckon, already noticed this retrodictive inclination of mine , that in my mind the notion of ''Timeline of Development'' can not be by any logic just a handful of milestone promises thrown into the future, but it is a must to account for the up to now trajectory, too! No future without past.
It all started as Zennet , continued as Tau-chains  and 'turned' into aka 'newtau' , , , .
Wait! A New Tau?
Excuse me, Ohad, but I personally do not buy that and I said it many times. There ain't old and new Tau. The situation is much more straightforward and grokkable . Here it is:
Lotsa guts, balls, butt, brains or whatever human offal... is required for each of us to admit a mistake made in our everyday life. Generally quite a strength is needed to even look ourselves into the mirror...
It takes a whole Ohad though, to keep all oneself's work totally public and transparent even on the full and unedited live record of the infil  into entire branch of mathematics  and then throwing it all away as untauful. We witnessed that reported in real time!
Did this change the ends? No. But sorted out the means to an end.
Was it a 'mistake'? In no case. It was duly delivered R&D effort.
Was oldtau looking promising on first glance? Yes, of course it did.
Did it survive the Ohad's R&D 'crash-testing'? No, it didn't.
Was it a ''juice worth the sqweeze''? It was.
Was it a job well done? Absolutely.
The oldtau materials are for me legacy jewels. Like those dinosaur bugs trapped into blobs of amber .
Development is a process, not just results shipping. Related like cooking and serving.
Studying the zoom-out dev map we observe these few major landmarks:
The Zennet province is all right. Its gently rolling hills gradually merge into the Tau lands proper with the inevitable realization that a 'world supercomputer' can not be a Tauless thing. Zennet lives in Tau with .:
''... having a decentralized search engine requires Zennet-like capabilities, the ability to fairly rent (and rent-out) computational resources, under acceptable risk in the user's terms (as a function of cost). Our knowledge market will surely require such capabilities, and is therefore one of the three main ingredients of Agoras... hardware rent market...''
We move over through the oldtau wastelands  where the burnt ruins of MLTT  lie scattered - rough oldtau location-on-the-map indicator is the fall of 2015 with
''Tau as a Generalized Blockchain'' - posted Oct 17, 2015, 6:33 AM [updated Oct 17, 2015, 6:49 AM]
and then we reach the fertile gardens of newtau  in the fall of 2017:
''The New Tau'' - posted Dec 31, 2017, 12:27 AM [updated Dec 31, 2017, 12:28 AM]
Hmm. Apparently we crossed a watershed. Which relief feature it was? - The ridge  of:
''Tau and the Crisis of Truth'' - posted Sep 10, 2016, 8:25 PM [updated Sep 10, 2016, 8:28 PM]
Tau sorts out the Towers. I hope that the synopsis in this short chapter of Exegesis helped to sort out Tau dev in time as a navigation lookup tool.
Software is nothing but states of hardware. There is that intimate deep, not yet codified into a neat compact of logic, connection between Gödel , Heisenberg  and Laws of thermodynamics .
Tau keeps us off these traps.
I do not dare to state that someday we won't have the command on infinities and to play with them with the ease  of
''... a boy playing on the seashore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me.''
In fact, quite the opposite I'd rather take it as inevitability someday we to conquer the Cantor  expanses and to venture far even beyond that. To transcale  the transfinite. Like Hilbert  said it.:
''Aus dem Paradies, das Cantor uns geschaffen, soll uns niemand vertreiben können. (From the paradise, that Cantor created for us, no-one can expel us.)''
But it takes ... finitary vehicles of DECIDABILITY to conquer the transfinitary outer spaces. Because, in order to dear to dream to tame the infinities, we must first harness and get full command of finities.
Including of ourselves. Tau is ''understanding each other''. Without Tau we are ... others to ourselves.
Imperare sibi maximum imperium est.
“A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.”
― Robert A. Heinlein 
No, it is not a vow everybody to be everything. It is a reflection of the fundamental human fungibility . The average human can be taught to take any human role. The exceptions of true organic geniuses (those who are hard to be replaced) and morons (those who are incapable to replace), only confirm this general rule of shear numbers . This is what makes the mankind so scalable .
''Know'' is synonymous with ''can''. Literally. Knowledge = technology. Even etymologically . Knowledge is praxis . Only. There ain't such thing as impractical knowledge. If it is not a skill, it is not knowledge. I mentioned once  that we're all AIs. Ref.: feral children .
We are not what we eat , but we are what we've learnt. You are what you know/can. And you can what you have learnt. Learning is from the taking side. Teaching is on the giving side. Of one and a same process. We do not have a word to denote the modulus  of learning/teaching, it seems. But it will come.
We are taught by the others, the society. We are the cherry ontop of a layer cake of culture onto nature . We are learning by ... living. We acquire skills in plethora of contexts from family, street, school, job, media ... Learning  is not a monopoly of man, countless systems are also learners. Maybe one of the basic definitions of life and intelligence is the ability to learn . Giant topic, yeah. We won't graze into it here now on what is learning, but on how we learn.
Due to our neurological bottlenecks we spontaneously form hierarchies . This hinders our scalabilty  by forcing humanity to be more or less a fractal of 5. We are close to a number of breakthroughs which to mitigate these innate limitations of ours into a number of ways    . But the general case is not subject of this article - herein we focus on HOW we are taught. How we acquire knowledge, and how this knowledge of ours gets recognized and utilized by society. And the hierarchic emergent structuring is of course in full force upon us in teaching as well as into everything social else.
So comes education , such comes exam , knowledge certification , certified skills application , knowledge creation verification , job fitness testing , CVs and employer recommendations ... etc., etc. With all the bugs and the so little features of this 'map is not the territory' , situation.
It is all centralized and hierarchic - exactly as the global fractal of double-entry accountancy ledgers which we call fiat financial system is. In fact it is so interwoven with fiat finance than it is almost inextricable from it . And as much inefficient and imprecise.
In all these years of talking and thinking on Tauchain  - I noticed - and this suspicion of mine incrementally turns into shear conviction - that Tau, the upscaler of humanity, inevitably also is the ultimate teaching machine. If education is facilitating of learning, Tau is the maximizer of learning. By its very construction, it comes out so.
People talk and listen whenever and whatever they want. Tau has unlimited capacity to listen and attend and remember, and answer. Only limited by the hardware capacity allocated. Tau extracts meaning. Purifies the stream, distills it down to the essence. Detects repetitions, contradictions and all other, ubiquitous nowadays conversation bugs. Remembers changes of opinions of the individual user. And points them out. Sounds like the best tool to know oneself. And the others to know you if you let them.
Your Tau account or profile is what you know. You say what you say and also ask. Say statements and questions. Tau pools you together with the others who state the same and, more importantly, who ask the same type of questions. Knowing what you know, and asking about what you don't know but want to know, maps not only your knowledge state but also maps your knowledge dynamics. Records and drives how your knowledge changes. You even have access to what you forget, and can recollect it. True real time knowledge state reporting. For first time in human history.
If consciousness  is - aside from the clinical state of being merely awake - the post-factum integration of senso-motoric experience , the Accountant of mind, the speaker of the narrative which is you, then Tau is your consciousness booster. That is - stronger than thought.
The ultimate teaching, the ultimate fair testing or exam, the ultimate real-time comprehensive diploma, or certificate, super-peer reviewed paper(s) of you as academic carrer.., the ultimate job interview AND the ultimate ... job of being working as yourself and anything useful you create to be instantly scarcifiable and monetizable - your Tau account is! And all the rest of accessible socoety - being your own workforce. And you to them. In the billions. In a move. In real time.
Including control over the pathways of increase of your skills towards the most productive personally for you learning directions, because it aids you to analyze the you-Tau history and to apply knowledge maximizer techniques and to participate profitably into creation of newer better ones. Maximizer of self. And maximizer of society making it to consist of max-selfs. Ever improving. Merger of education with work occupation. Work-as-you-live.
The literal Knowledge Economy, as described by @trafalgar in his article  from few months ago. Where search, creation, reflection, certification, recognition, commercialization, accumulation, modification, improvement ... everything of knowledge - is all in one.
And it is not only Humans and Tau lonely job. I foresee the other Machines to join the party . Yes, I mean machines capable to have interests and to ask and seek answers of palatable questions.
This - the education amplification - to come down the technology way - has been, of course, anticipated by many. Few arbitrary examples:
- A distant rough-sketch hint for the inevitable tuition power of Tau is Neil Stephenson's  ''The Diamond age''  , with the depicted: '' Or, A Young Lady's Illustrated Primer '' , as an interactive networked teaching device.
- or if I'm right about the inevitable conquest of the natural languages territory  - UX  like in the 'Her' (2013) film .
- Thomas Frey  of the futurist DaVinci Institute  in his book ''Epiphany Z''  paid special attention of this.: down the way of micro- and nano-education, an effective merger of the processes of education, diplomas issuing, job application, exam and actual execution of job obligations. Tom does not know about Tau. But I'll tell him.
With a big smile of irony and self-irony of course... these examples. Just to pick from here and there proofs of the giant anticipation of what's to come. And taken with a few big grains of salt. Cause the reality will be immensely more powerful.
Tutor , tuition , my emphasis via using exactly this wording, comes to denote the economic side of learning/teaching. It is about the cost of learning - the association of tuition with fees, about the placement of the acquired skills, about the business organization of those, about the protection of ownership and security of transaction of knowledge ... Let me introduce here a neologism  which to reflect the business side of it:
Scrooge Factor 
- Simply denoting the money-making power of a technology use by a business. The 'money suction power' of a business entity or organization of any kind coming from the application of a technology, if you want. Technology as socialized knowledge. Scaled up over multiple humans. Over a society. Of course the Scrooge Factor can pump in different directions. The Scrooge Factor of the traditional hierarchic education, governance and everything ... is apparently very often negative - hierarchies decapitalize, dissipate, waste. Orders of magnitude more wasteful than any PoW , but on this - some other time.
So aside from all the niceties of the abstractions of the full supply and value chains of a Knowledge economy, lets round up some numbers:
- We know that a true functional semantic search engine alone is worth $10t. Yeah. Tens of Trills. Trillions. As per the assessments of Davos WEF attendees of as far as I remember 2015 or 2016...
- Also, Bill Gates stated back in 2004  that ''If you invent a breakthrough in artificial intelligence, so machines can learn,'' Mr. Gates responded, ''that is worth 10 Microsofts.''
- Tom Frey  also argued  that by 2030 the biggest corporation in the world will be an online school. Given the present day size and growth rate  of, say, Amazon  this 'online school' should be in the range of good deal of trillions of marcap if it is to be bigger than the biggest corporations. But we do not need such indirect analogies over analogies to access the scale. The shear size of the global education industry is the most eloquent indicator . Note that Tom talks about 'corporation' i.e. for clumsy and inefficient hierarchic human collective. Not for a system which does this orders of magnitude more efficiently and powerfully due to being intrinsically P2P, i.e. geodesic . Even the best futurologists can be forgiven for missing to predict Tau. :)
And this mind-boggling hail of trillions, does not even account for the Hanson Engine  factor.
Tau the Tutor ex Machina is just another unintended useful consequence outta the overall design.
It is nearly impossible to track and contemplate exactly what all these 'side-effects' would be and how they will synergetically boost each other.
With my articles I intend to only touch some lines of the immense phase space  of the possibilia, with neither any ambition to think it is possible to cover it all, nor this to represent any form of advice.
Future is incompressible. Compression is comprehension. Comprehensible only by living.
Failure to go to the geodesic way of learning, will turn these beautiful but trilling words into prophecy:
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far. The sciences, each straining in its own direction, have hitherto harmed us little; but some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the deadly light into the peace and safety of a new dark age." H.P.Lovecraft  (1926 ).''
Something Revolutionary In the Crypto Space.
The overwhelming majority of new crypto projects out there fall into 3 main categories:
Now the trillion dollar question is this: is just having a currency or shoving a Turing Complete programming language into the blockchain to allow for smart contracts truly the best use of this decentralized innovation? Ohad Asor, creator and lead developer of Tau, does not think so.
What Is Tau?
Before I start I have to make a confession: I don't truly understand Tau. But I feel that I don't understand it slightly less than people who don't know about it at all, so I'll have a go at explaining it.
Tau is a platform that is designed to scale human collaboration and knowledge building.
Almost every significant piece of technology to date (that isn't about accelerating physical labor) has been primarily focused on the disseminating information or data. The wheel, roads, telephones, the internet are all indispensable achievements that have served to aid getting information from A to B.
But the real value isn't in the data itself, it's from the organization of the information within that data into useful knowledge. While the mere distribution of information is an important step to scaling human progress, it's also only part of the picture. The next step has typically been up to us, the human actors, to use our little brains to distill that information manually until we produce knowledge;
Tau is the first piece of serious technology that is aimed to not only automate the collection of information, but also the production of knowledge, unless you count Netflix's 'AI' recommending 'The Human Centipede' after your toddler has just watched 'A Bug's Life', as successful knowledge discovery made by a machine. Tau is about the industrialization of knowledge creation via taking some of the burden of logical reasoning from us humans and giving it to the machine.
What Can Tau Do?
Ohad has spent years researching and developing Tau. The design is centered around creating a self defining, decidable logic that is expressible under pspace (which is mathematically shown to be the most expressive any self defining and decidable language can be), that will act as a metalanguage for all programming languages defined under Tau.
A trivial example of what this can directly lead to is secure smart contracts. Smart contracts operating under Tau cannot ever give rise to something like the DAO hack - decidable programming languages means one can anticipate the entire spectrum of possible consequences of the code before running it, allowing us to avoid anything unintended. But reliable and secure smart contracts are only a tiny fraction of what the platform can truly offer.
The power of Tau's design will allow it to boast some truly wondrous features including:
Ohad has yet to fully explain how this will be achieved, but by far the most difficult part is creating the initial decidable, self defining logic system that serves as a metalanguage. Many had their doubts but yesterday Ohad announced that the first and most difficult step towards this end has been achieved. The code he has written is a working version of the Tau Meta Language which correctly computed a transitive closure graph. This is a proof of concept of the great things to come!
Now that the initial code is released, Ohad is working on a set of explanations about Tau which will outline it's features and how it'll be able to achieve them in more detail. Tau is notoriously difficult to explain, but it's definitely worth the effort to understand it. I'll keep you updated when his explanations are released.
Who Is The Lead Developer Ohad Asor?
Ohad Asor is a programmer, computer scientist, mathematician and logician from Israel. He attended university at the age of 13 and has extensive experience (30+ years) in programming and mathematics.
Most people know me as the clown on here who just writes jokes along the lines of taking his mom to the prom after his cousin rejected him or some shit, but I sat my university entrance exams at 16 and scored in the top 0.5% of Australian Tertiary Admissions Rank and took a prestigious course at a well known university. I only bring this up to show that I've had no shortage of dealings with what ordinarily would be considered to be extremely intelligent people, but Ohad is on a completely different level.
Ohad Asor is, quite frankly, the most intelligent and knowledgeable person with whom I've ever interacted. There are many geniuses and child prodigies out there, but Ohad has spent virtually every minute of his waking moments studying up until this point in his life, and he likely has an IQ of over 5 standard deviations above the mean to begin with. I have spoken to him and followed his project over the past 8 months, and my assessment and admiration of his abilities has only increased over this time period.
Here is a short video of him explaining the old design of Tau and some of its features. The information is dated as the new design is far superior, but these features remain.
English is Ohad's second language - His native language is C.
How Do I Invest In Tau?
Tau itself has no tokens but Ohad is also building Agoras, the first automated marketplace over the Tau collaborative platform. Agoras tokens are currently traded on Bittrex. It has one of the fairest distributions in the cryptosphere and Ohad is only reserving 3% of the tokens for himself. None of that 20% for the founders, 10% for the developers, 20% for the foundation, 15% for the founders' penis enlargement fund bullshit.
Agoras has made considerable gains over the last few weeks but it's total market cap is still under 100 million at the time of writing, which, to me, represents an incredible opportunity for something potentially revolutionary. If we woke up tomorrow without Bitcoin, things would more or less continue as they did, but if we woke up tomorrow without electricity, the world would be an entirely different place. Indeed Tau aims to be the latter: a truly indispensable piece of technology, which is a status that no crypto project has yet reached.
This article isn't to be taken as investment advice any more than it is to be construed as advice on how to get out of the friend zone without resorting to chloroform. I'm not affiliated nor paid by the Tau team in any way. I have not made a single crypto recommendation in my 8 months of being here until now. I just wanted to share something that I think has immense potential to be truly revolutionary, and it also happens to be the only other crypto investment I hold other than Steem.
Feel free to ask some questions after and I'll try my best to answer them.
Special thanks to @dana-edwards and the Steemit platform for allowing me to discover this project
Tau QQ Group Number: 203884141
IRC for technical questions only, Ohad will generally reply within a day
Logo by CapitanArt
Enlaces / Links
Logo by CapitanArt
Archivos / Archives
Suggested readings to better understand the Tau ecosystem, Tau Meta Language, Tau-Chain and Agoras, and collaborate in the development of the project.
Lecturas sugeridas para entender mejor el ecosistema Tau, Tau Meta Lenguaje, Tau-Chain y Agoras, y colaborar en el desarrollo del proyecto.