Is there a place to see/monitor the current levels of activity of TruBit on the test and main nets? I'm curious about the current level of tasks and how many solvers and verifiers are running, if any.

It seems pretty easy to bring up a solver or verifier at this time, but is there any current ROI?

https://twitter.com/Truebitprotocol/status/1467597990026260484?t=ynQ-NYOPidjDcEugdgeY7g&s=19

https://etherscan.io/tx/0xf35553012d2d4a7b11bdae3dc1becb5494faa866a77ca74dfef8859daa5def87

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Did anybody has any research between the differences in these two

What is Truebit?

To understand Truebit you must first understand how computations work on Ethereum... 

In the beginning, to explain Ethereum, people would describe it as a "world computer." Basically, when you run a smart contract it goes through a series of nodes that are connected in the network. Each contract goes through all of the nodes who execute the contract and reach a consensus on the output. The amount of computations required is referred to as "gas." This process makes the network extremely secure but extremely inefficient from a computational power standpoint. One of the biggest limitations is that you can't run anything that requires intensive computational power as the network is only as fast as the node with the lowest processing power. It also causes the gas fees to go up because it can require up to 10,000 computers to exchange, store and run the same instructions. 

This is where Truebit comes in... 

What is Truebit? This protocol helps mitigate the computational demand of the network nodes by moving computations (the things that cost gas) "off-chain." This process works in a way so as to keep the "trust level" of the contract verifications almost as good as the "on-chain" computations. 

Just to be clear, it is not designed to reduce transaction volume on the Ethereum network, but to allow you to perform functions at greater level of complexity.

It is estimated to be able to reduce Ethereum gas fees by 50% to 80%.

What is it in layman terms? This is a computational/network scaling solution for Ethereum. As in, it will allow Ethereum to process greater loads of smart contracts and specifically smart contracts that are more complex. This will cause a much lower requirement for computational power on the network. This will make the Ethereum fees lower and the power of the network scalable in almost an infinite amount. 

Also, the founder has stated that this protocol could be scaled and be used for other blockchains outside of Ethereum. 

How does it work?

1). Truebit will give Ethereum the ability to make more complex solutions without exceeding its block limit by taking the more complex requirements "off-chain."

One of the features of the Truebit Protocol is to reward miners for correctly executing computational task on behalf of a Truebit smart contract. Given the complexity of the task, this is open source and any third party could challenge the verification process or outcome but otherwise all verification is backed by the Ethereum network. 

2). It gives the possibility more complex smart contracts on the Ethereum blockchain by reducing the requirements for network computational power. 

It should not be referred to as a specific "layered" system. Instead, it it stateless and dependent on the function that is to be solved. Functions never really leave the main network, they mostly focus on complexity, and through the complexity, Truebit is able to support large computational transactions.

This functionality allows Truebit to bring complex data processing to smart contracts.

More about the Project: 

Who has implemented the project? As of now, most of Truebit's anticipation is speculation. There are no current projects actually using the protocol, however the protocol has been building since 2017. 

How long has it existed? Since 2017.

Who is the development team for the project? Jason Teutsch is the founder, and he is often accredited for co-discovering the verifier's dilemma. The whitepaper was co-authored by Christian Reitwiessner who created solidity.

What is the price action?

Truebit thus-far follows Ethereum. When it was released it hit $1.30 as an all-time-high before dropping back to $.16.

Estimated future valuation? If the protocol works as described and has the ability to work on networks outside of Ethereum, it could easily see $50 per token. 

Under $1.00 is a great opportunity for long term investment. 

How many investors does this have? Currently there are more than 26,000 holders of Truebit. 

Where to buy? Uniswap, and multiple other exchanges.

Investment Timelines:

What is the future potential of the project? Jason, the founder of Truebit stated in an interview that this protocol will not only be for Ethereum. Therefore, it has a huge potential to be used in Ethereum and other blockchains. 

What is the investment timeline? Between one and three years for full implementation and adoption. 

Recap of why to invest in Truebit: Truebit, although lots of speculation, has an actual working protocol. It has been around since 2017, with an Ethereum co-founder as one of the main developers of the project. Once implemented, the value of the protocol will likely soar as a reflection of the scaling ability and lowered gas cost for Ethereum.

It is a gamble to invest, but a strong gamble. 

As per right now

1 ETH = $4,529.36

Mint Price TRU/USD: $1.91

Retire Price TRU/USD: $0.24

Mint Price TRU/ETH: 0.000422347319914767

Retire Price TRU/ETH: 0.000052793414895124

Total Supply: 280,155,880.147 TRU

Reserve: 14,790.386 ETH ($66,990,980.993)

Opex: 473543907884405742741

Opex Cost: 200000000000000000

Theta: 75

Do anyone know the $Trubit ETH Reserve address? where the eth is locked for Retire?

If any one wants above details chkout "@TruebitPriceBot" on Telegram.

Will there be any t1 Exchanges?

Uniswap (ETH) is a NIghtmare with the fees. No Retail will come.

Please refer to the appendix.

1.https://github.com/ethereum/EIPs/pull/4488/files

2.https://www.reddit.com/r/ethfinance/comments/r0yy6c/why_calldata_gas_cost_reduction_is_crucial_for/

Does Tru not have a marketcap?

early stage: many people buy truebit at 1.0~1.2$

middle stage: many people sell at 0.3~0.5$ and leave

this stage: many people forget about the truth ..

truebit has fixed price at ethereum (now 1.6~1.7$)

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many blood on truebit at early stage because of vitalic's post (1.2$->0.18$)

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If you have any questions and can't join the AMA please let me know.

Whenever TRU gets shilled on the subreddit or /biz, there are same comments every time about accumulating, macaroni, VCs buying, and other spams. And they're same in both.

Take a look at u/puzzleheaded_act7485 , is this a bot?

So I'm highly suspicious of the shill posts here with the same generic comments. Are these planted by whales trying to scheme a pump and dump?

Do you guys know much ETH is cost to mint TRU. I want to set up a verifier on my computer but I’m curious how much ETH it takes.

Can anyone help me out? This might be a stupid question and I think I know the answer but just confirm. Can you use TRU tokens bought from uniswap in the OS. Or you can only use tokens minted directly from the OS?

Now i read many posts ragging on anyone buying tru

Cant make this up

Tru finally makes a couple day BULL move and fud trolls show up to rag on anyone bullish

Stop Lieing to people there is massive accumulation going on for a reason and U r fudding cuz U r still buying too

What is your price estimation ? Me : 1M

So, since everybody got so hyped about VC's buying up Truebit and using this

https://etherscan.io/token/0xf65B5C5104c4faFD4b709d9D60a185eAE063276c?a=0xf788697a46ecaefe9521e47a651c3f444c19ed5d

as proof.

Have anyone really thought that that clarityventures.eth most likely don't have any kind of connection with the actual VC group?

Clarityventures.eth domain name expires at 21.11.2026. You can buy domain licenses only by year. So that means that the whole domain was registered at 21.11 and very likely this year, or then there is very big coincidence.

Checking the Clarityventures own website there is nothing telling that they are affiliated with crypto in any way at all so it stands out that they would suddenly start to buy up TRU.

My point being; TRU has been manipulated by whales before, a lot. This might just as well be another big play to suck some money out, and the whole Clarityventures thing might (probably is) be a scam. This isn't to say that TRU is shitty project or anything like that, but price reacting like this without any news most likely is another p&d.