$TRU #Truebit
Here a clarification.
The bonding curve will never gets turned off, there is a elastic supply. The problem that truebit solves is gas limits, technically TRU is gas as a token.
The mechanism is designed for huge computational demand, as the network in theory need an infinite supply token to match the potentially infinite demand, to run computations on the netowrk.
Right now no one is using the network , so all the supply is being coined to match the demand of the speculators. But truebit opens up a whole new area of ​​possibility on ETH, imagine when it will be fully adopted
There will be a whole network of validators that will require staking. They will have an entire decentralized network of nodes that can offer compute service + extra validator nodes in a separate offchain market.
TrueBit founder and University of Alabama at Birmingham postdoc Jason Teutsch told CoinDesk:

”smart contracts can only do very trivial tasks from a computational point of view. Basically, what TrueBit does is to give smart contracts the ability of doing scalable computations''
For the more technical people, here a really good and exhaustive read


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More from @criptopaul

1 May
Bonding Curve & Emission.
Let me explain:

A bonding curve is a mathematical curve that defines a relationship between price and token supply where currentPrice = tokenSupply² Image
This bonding curve says that price increases as the supply of the token increases. In the case of an exponential curve such as the one above, the growth rate accelerate as the number of tokens minted increases.
When a person has purchased the token, each subsequent buyer will have to pay a slightly higher price for each token, generating a potential profit for the earliest investors.
Read 10 tweets
30 Apr
yep mate $TRU is a true project, developed from 2017 lol @Truebitprotocol .
On their github (readme) is full of resources. it is only 5mln mcap. i'm in big...
Dr. Christian Reitwießner, the creator of the #Ethereum smart contract language Solidity, is one of the founder of $TRU . This tweet is from 2015 lol

His linkedin:
de.linkedin.com/in/dr-christia… Image
$TRU #truebit
A great video from 29,March 2017:
TrueBit: Scalable Computation - Christian Reitwiessner
Read 6 tweets

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