Hey /BIZ
who is going in this ICO and why ?
I just started reading about it but not much information and i see they run it via which is solid bitcoinsuisse.ch
Will this get me rich ?
TEZOS ICO
Jackson Ortiz
Xavier Thomas
Ayden Russell
Uncapped
Not bancor uncapped but literally uncapped for the entire sale
I'm passing
Lucas Wood
>uncapped for a month
so who knows how much they'll raise in this ICO market
>calling it a "donation" instead of an ICO because they're so dumb they think that absolves them of legal problems
ok obviously the team is retards and has terrible counsel.
>you won't even get your tokens for months after the ICO
yeah idk you're just going to miss a lot of opportunities in that time.
>coins are called 'tezzies'
idk just sounds childish and homosexual
all in all, if you believe in tezos you will probably be better off skipping the ICO, investing in solid coins, then buying tezzies on exchange.
Kevin Morris
Uncapped, plus coins will be locked for atleast 4 months. Complete trash tier.
Robert James
good points.
Also for long term hold I see they want to govern other coins using this one if i understood this correctly.
One coin to rule them all.
I am from technical background but i struggle to understand what they try to do here. For average person who has no clue this is impossible to understand. Check this basic explanation video, they try to simplify but they can't.
youtube.com
So far i really don't get what is value here or will there ever be value here.
Why would anyone use this and how will they force other coins to govern them, i really don't get it.
Elijah Torres
I'm not sure, but my understanding is that it's basically ethereum, but without the forks and instead of forks there are 'layers'. So after the DAO hack, some tezos users would agree that the DAO hacker should keep the money, and they tezos protocol would automatically form their own layer. On this layer everyone would know that code is law and irreversible, etc. (look at that etc pun).
I could be way off, but it looks like nothing revolutionary and they're just hoping to be a better Ethereum. Probable cash grab
Lincoln Hughes
>Will this get me rich ?
No. It's going to raise too much money. Uncapped ICO and too many idiots think it's Ethereum 2.0. It's not and it won't be.
Some people say that Ethereum was uncapped too, which is true but they forget when the ICO was held. It barely raised anything in comparison to what's going on now.
You won't be able to transfer the token before the mainnet release which will be after several months. You're very likely much better off waiting for the exchange listing.
Julian Morgan
I don't know what to make of it.
On the one had they seem to understand the importance of being able to formally verify smart contract code. All the code that people are writing for Ethereum in solidity now for ICOs has to be "audited" for weeks by experts at the cost of 10s of thousands. Solidity in a nightmare and there is so much fear about another DAO. Go read about it it's hilarious because a reduction of audit overhead was one of the original goals of Ethereum.
OCaml can solve that because it's formally verifiable. However, I don't see OCaml catching on ever, people just won't get excited about it, it might have some niche applications in mission critical blockchains though.
Tezos has been around since early 2014, judging by their announcement on bitcointalk. It seems to have been abandoned then and resurrected last Sept. just in time for the ICO craze which is highly cynical. Although they have about 50k lines of code now if you check their GitHub which is allot more than some other ICOs right now. It's a competing blockchain to Ethereum so you're getting an actual coin and not just a "smart token".
As some very smart people here correctly judged back in 2015, ETH would moon because it was so damn easy to create tokens that any two-bit startup could raise money by having an ICO. ETH is the gatekeeper to peoples' fantasies about getting in on the ground floor of some hot shit, that's why we're in a bubble. So tezos will only moon if there is a critical mass of apps coming out for it, that is highly improbable.
And they really seem to be riding on the coat-tails of Ethereum, they are having an uncapped ICO "following the example of Ethereum", yes that's fine but the Ethereum fundraiser was a long time ago in very different circumstances. The management team however seem like grade-A shills which is a good thing, I want them shilling for me, I've already seen lots of puff-pieces in the likes of Reuters no less, shilling this project.