It doesn't bother me that they don't have a white paper done yet. Anyone can put out a white paper that says anything. There are so many tokens out there, that it's much more efficient to research the team/people behind a project. For example, I don't feel the need to break down EOS's white paper. I know what Dan can do and I'll just listen to some interviews explaining the process. I want to know a person's track record and if they can deliver. Ohad Asor's project looks very promising.
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All it means is Tau is still under the radar. Few people understand it. Many people think they can duplicate it. The truth is, the people lucky enough to understand it early are some of us here. It will be immediately clear how important Tau is, once TML is able to self interpret. Once that happens then TML can be used in a practical way and people will quickly find out how powerful it is not just as some sort of abstract concept but in a measurable way. By then though I expect the price of Agoras to be way up considering how limited the supply is.
Consider what TML can do, consider how important getting the formal language part right is, and then think about where this could go? What could Agoras do that you can't see on Steem, on EOS, on Cardano, on Tezos, on Ethereum?