What do you think about Tezos?

[tomas.vin]

Hi, I'm thinking about participating in Tezos ICO. I want to ask you what do you think about this project? My biggest concerns are about leadership and not so clear use case.

[CryptoR]

Delayed ico, no cap... I'm wondering what it would do now. I'm joining later..

[Samuel]

Im a bit concerned about the 2 week uncapped period. But it sounds like a really good project. If it takes off, it could potentially have a large marketcap.  You wont make big money initially, long hold and see what happens. My wife didn't want to take $500 out of the savings for Ethereum pre sale, I dont want to make the same mistake twice lol. 

[aspenrat]

I don't have much hope for Tezos. The leadership is really, REALLY bad. Developers won't likely want to rally around tezos and create a community. 

Contrast that with ethereum/vitalik. He's been a beacon of light for developers and people have a lot of trust in him. I wouldn't bet tezos would be able to compete. 

[cmbartley]

So many Ethereum competitors... Tezos, EOS, ubiq, expanse, etc... Tezos has raised $100M, EOS $185M... these numbers are obscene for platforms that have no product... By comparison Ripple has raised $96M in VC. Rialto.ai (unfortunately closed to Americans) is capped at $10M and they have a token expected to pay dividends within 6 months. The market os very strange right now. I personally wouldn't buy into tezos but I can't anyway because I'm American.

Edited July 4, 2017 by cmbartley

[tomb]

On 7/2/2017 at 2:18 AM, cmbartley said:

So many Ethereum competitors... Tzoes, EOS, ubiq, expanse, etc... Tezos has raised $100M, EOS $185M... these numbers are obscene for platforms that have no product... By comparison Ripple has raised $96M in VC. Rialto.ai (unfortunately closed to Americans) is capped at $10M and they have a token expected to pay dividends within 6 months. The market os very strange right now. I personally wouldn't buy into tezos but I can't anyway because I'm American.

You are evaluating Ripple minus their supply of XRP.

Why can't you participate as a US citizen?

[tomb]

I personally like the idea of Tezos. I feel like it is doing like $XRP is to $BTC, $XTZ is doing to $ETH, iTunes did to Napster. They are experienced in the FI. Uncapped ICOs scare me though.

[Fnord]

I'd stay away from an uncapped ico. Wait until it starts trading on exchanges and then see how it looks.

[Sharkey]

You are right, IMO.  They have already raised over $200ml since Saturday, and are estimating that their ICO will stay open for another week!   They will have so many coins in the market, their supply will be enormous.  It will be interesting to see how they end up trading in 6 months or beyond.  

 

 

[Sharkey]

On 7/1/2017 at 8:55 PM, aspenrat said:

I don't have much hope for Tezos. The leadership is really, REALLY bad. Developers won't likely want to rally around tezos and create a community. 

Contrast that with ethereum/vitalik. He's been a beacon of light for developers and people have a lot of trust in him. I wouldn't bet tezos would be able to compete. 

What specifically are the leadership issues?  It's funny, because that was exactly my vibe, with no actual knowledge of specifics.  

[knull]

Second post on this reddit is interesting: 

 

Edited July 6, 2017 by Magicarp
link issues

[ZIGXRP]

Raising that much money with nothing becomes a significant risk that they'll do nothing with it. 

[tomb]

I actually like the leadership. Arthur and Kathleen have backgrounds in the financial industry similar to Ripple's leadership (compared to most coins/startups ran by developers - genius coders but business leadership? nah, not so good - jed, buterin, etc.). You can also look back at Ripple and it's original path to glory. Ripple made a huge pivot not that long ago and was the greatest decision they could ever make (focusing on decentralized tokens' main advantage, lack of counter party risk, they now market XRP specifically to trustless transactions). What is a roadmap but a pile of ******** to make everyone feel better when in actuality things have to change and you will more than likely have to make a couple u-turns no matter how thought out the plan is? I am looking at the team, the investors and the overall potential and I like it. The only thing that scares me is lack of cap and that is more frightening for the short term investor. I think at this point I would probably wait for market price since bonus is a lot lower but I invested a very small amount the first day more as a long term hodl. I guess we will all find out when the market decides the outcome in a few months. Will be interesting.

[Guest]

https://medium.com/tezoscommons/security-tokens-on-tezos-why-tezos-4a7065f49a06

Security Tokens on Tezos — Why Tezos?

Quote

Three Focal Points

There are three focal points that make conducting an STO on Tezos a very attractive choice as opposed to other protocols higher in market capitalization.

Institutional-grade smart contracts — Tezos utilizes formal verification, a process that proves the mathematical correctness of the code. The Tezos blockchain allows for the facilitation of formally-verified smart contracts. Essentially, prior to sending $1 billion over the blockchain, one can run a formal test to simulate the transaction and ensure it will execute smoothly. The kind of smart contract language Tezos has built allows one the discipline to mathematically prove a contract (off-chain, during its development) before putting it on-chain. So, formal verification is a practice one does. Other chains, like Cardano, will similarly allow formal verification. So why does Tezos makes such a big deal out of it? Because Tezos aims to be a high-security, high-value chain and wants to make rigor and safety key practices. In other words, formal verification within Tezos strides to be cultural.

Secure custody — Within the Tezos client software, it includes a formally-verified multi-signature contract. This allows for cold-storage deployment and management of smart contracts for the highest level of security. This, when aiming to be a highly complex, high-value blockchain, is crucial in storing and deploying large amounts of capital over the blockchain.

Upgradeability — Tezos features a formal mechanism by which network participants are able to upgrade the protocol through a formal amendment process. Essentially, any of the newest features/tech that emerges can be ported onto the Tezos protocol via on-chain governance. This feature will allow Tezos to last much longer and be able to evolve and continuously adapt to changing times.

Furthermore, one of the reasons Tezos is an attractive place for security tokens is also because Tezos is deliberately focusing to specialize in that market and to bring the tools and facilities that make Tezos an easy home for security tokens. So, the securities market will likely look towards Tezos as deliberately specializing in that market.

pretty neat! 

Edited November 19, 2019 by Guest

[Guest]

worth reading the entire thread