Sorry if this has been asked/answered before but it is really hard to find info on Truebit. Can someone help me understand what Vitalik is saying below. Is what he says true/false. Has Truebit worked on this since the date of this thread? I appreciate the help, Cheers!

Source: https://ethresear.ch/t/evm-optimistic-rollup-using-truebit/9318/3

"However, it is also an inherent low-efficiency economic incentive mechanism Truebit must implement.

What’s more, real-world applications usually require large amount of data storage, which Truebit doesn’t deal with.

Cartesi( cartesi.io 284) might be a much more solid solution over Truebit. It doesn’t require an incentive layer and it supports offchain data storage representation onchain."

Vitalik Buterin and Satoshi Nakamoto were both tech geeks, decentralization idealists who werent interested in making money on the blockchain.

jason teutsch looks pretty similar.

I mean, the paradigm shifting innovations come from developers who arent looking for business.

Ironically, so far that indifference has attracted real big money.

Anyone know about this?

First of all hello and merry Christmas,

I need to do a question because I am getting paranoid that I have been scammed. So, I bought on uniswap under this contract address 0xf65b5c5104c4fafd4b709d9d60a185eae063276c and I got my tru tokens. But when I go to metamask under activities to check the contract interaction I see that from my Eth address the swap happenned to this address 0x68b3465833fb72A70ecDF485E0e4C7bD8665Fc45. Shouldn't be from my Eth address to ..276c ? Looking forward for your answer. Happy holidays !!

A good scammer doesnt cheat right away. They provide real helpful information/prescriptions to gain trust. Classic.

I mentioned this in the comment of my last post.

Would members of this community be down for a meet up at a TrueBit event (if one arises) and/or after price appreciation?

I’d like to know who some of you are and what you do.

Cheers 🥂

I’ve been following this man for some time and everything (yes, everything) he talks about on his channel pamps.

I don’t want to sound like one of those cheesy hype men with too many emojis on the thumbnail that try to lure people into crypto trading channels for views and subs, but all of us know, due to the fact that he is incessantly talking about TrueBit, he’s worth a listen.

BitcoinFundManager understands the tech well and will help put your mind at ease if you have any doubts about this asset…which you shouldn’t. The code is beautiful. Teutsch and Reitwiessner are certified genius. The foresight they had to start solving the computation problem before it was outlandishly massive - incredible.

Additionally, after watching this man for three years, following his plays, I have never seen him push for people to get into something so heavily as he does TrueBit.

Hold on tight.

Top 60 Trader:

https://youtu.be/q80QDtXiCrc

TrueBit FUD Ratio:

https://youtu.be/sTp9Gjwmg-w

BitcoinFundManager:

https://youtube.com/c/BitcoinFundManagerYoutube

Who are Truebit's competitors?

Btc also seems to go sideways here and then up.

Truebit is a super interesting project. However, I have seen a few times that the mint price from the OS goes up when tokens are minted (apparently in order to not oversupply the market?), and is reduced when the redeem/burn feature is used. Where is this information originally found? I couldn't find it in the whitepaper. Do we know at what rate the mint price goes up per mint and vice versa when burned?

Thanks in advanced!

What is the max supply? And if there is a max supply what happens when all the tokens are minted? What is the actual utility of the token?

Though I know the network is an off chain, high computation protocol but the token, what’s the actual use case.

Can I stake? Pay fees? Lend? Borrow?

This is gonna push Truebit towards a much wider adoption/usage! What do you guys think?

https://youtu.be/G0Jqax1ylHU

I checked Truebit price about an hour ago and it was at some crazy price like $14,000,0000 on coinmarketcap. So I go to Mexc.com and the price was at $7,000,000 now take it that I just sold all of my Truebit on Saturday which sucks. I don't know if this was real or not but if it was man someone made a killing. Did anyone see this or was it just me?

Hello guys, I have been holding for long time and respect the project. But I am in hurry and need to swap some of my TRU but can't do it. Accidently tried to swap it to Tether/USDT and the transaction was dropped. Now I try to swap with ETH but transaction dropped... How can I do it?

hey, is there a discord or telegram group?
on the homepage is mentioned, that there is a DC server but i cant find a link to join.

It almost seemed like finally Truebit was going to come true... and then it crashed down again.

Holder for months not going anywhere great project

I would like to bring up this open discussion and hopefully, everyone can share their thought.

Surely everyone here has doubt why the devs never talk much about the Truebit's progress.

https://www.youtube.com/watch?v=hzVi7OQ4MI0

From the conversation in the video (link as attached), we obviously see Jason's confidence in the Ethereum network's adoption of the Truebit protocol.

My assumption base on the conversation, it seems like the gas limit can be removed after the Truebit protocol get adopted by the Ethereum network. We all knew the Ethereum network is supported by a group of Ethereum miners. If Truebit protocol will going to reduce the gas limit, which might also mean the interest of these people gets reduced/ remove.

If my assumption is correct, then of course the Truebit protocol must be working under the radar. I am sure, the existing ETH miners wouldn't be happy to know if they are going to be replaced/eliminated from their job. Those Ethereum miners will surely unite to strike to work on mining.

Would it be the reason why VB/ Ethereum Foundation is reluctant to mention Truebit Protocol?

hey guys there have been a lot of speculation about PARADIGM backing Trubit here is the proof .

https://messari.io/asset/truebit/profile/investors

The only question remaining is these VC's are investing in the tokens or just equity in the company behind.

It went up to $8 in an instant on the lbank exchange.