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Tezos: a self-amending cryptographic ledger

18 points by cribbles 9y ago

nullbyte 9y ago
Another garbage coin. Next please.
- Temasik 9y ago
  1 billion ico raised =] instant millionaire
- Nition 9y ago
  Funnily enough I originally read the title as "Tazos" which are another type of garbage coin.[1] [1] https://en.wikipedia.org/wiki/Tazos https://en.wikipedia.org/wiki/Tazos
WikipediasBad 9y ago
Very interesting. I find the rise of all these cryptocoins really difficult to discern the gems from the mediocre. But tezos (and EOS) seem like one of the better ones.
- Temasik 9y ago
  Ya right http://www.coindesk.com/eos-unpacking-the-big-promises-behind-a-possible-blockchain-contender/ http://www.coindesk.com/eos-unpacking-the-big-promises-behin...
  - WikipediasBad 9y ago
    An article that quotes a random reddit user by username as evidence and the godfather of truth-tellers Chris DeRose. How damning of an analysis. /s
ghughes 9y ago
This is the modern equivalent of a penny stock. Could an admin please change the link to point at their technical whitepaper instead of this content-free solicitation to participate in a funding round that conveniently opens 5 days from now?
quocble 9y ago
This one has lots of potential. TDLR, this one has built in governance to allow update to the cryptocurrency, which both bitcoin and ethereum had issues with. Bitcoin has scaling problem, and eth had to fork. Ironically, cryptocurrency purpose is the decentralized but the core team retains too much control, which exactly what they're trying to avoid. I'm planning to fund ICO.
grizzles 9y ago
The token is called a Tez (XTZ), when there are many they are Tezzies (tay-z-eez). Why don't you just call it a (TEZ)?
- irickt 9y ago
  This is to comply with currency naming standards: https://en.wikipedia.org/wiki/ISO_4217 https://en.wikipedia.org/wiki/ISO_4217 Same reason XBT for bitcoin is prefered by some to BTC.
topmonk 9y ago
Here is probably a better link which describes Tezos in more detail: https://www.tezos.com/static/papers/position_paper.pdf https://www.tezos.com/static/papers/position_paper.pdf Edit: After reading it, the main takeaways are: 1. Allows voting on changing the protocol 2. Uses Proof of Stake with some statistical analysis to help with flaws, although nothing seemed definite 3. A brief mention of formal logic being used to create some sort of constitution, which any changes have to prove they abide by before being accepted by the system

18 points by cribbles 9y ago

nullbyte 9y ago

Another garbage coin. Next please.

Temasik 9y ago
1 billion ico raised =] instant millionaire
Nition 9y ago
Funnily enough I originally read the title as "Tazos" which are another type of garbage coin.[1] [1] https://en.wikipedia.org/wiki/Tazos https://en.wikipedia.org/wiki/Tazos

WikipediasBad 9y ago

Very interesting. I find the rise of all these cryptocoins really difficult to discern the gems from the mediocre. But tezos (and EOS) seem like one of the better ones.

Temasik 9y ago
Ya right http://www.coindesk.com/eos-unpacking-the-big-promises-behind-a-possible-blockchain-contender/ http://www.coindesk.com/eos-unpacking-the-big-promises-behin...
- WikipediasBad 9y ago
  An article that quotes a random reddit user by username as evidence and the godfather of truth-tellers Chris DeRose. How damning of an analysis. /s

ghughes 9y ago

This is the modern equivalent of a penny stock. Could an admin please change the link to point at their technical whitepaper instead of this content-free solicitation to participate in a funding round that conveniently opens 5 days from now?

quocble 9y ago

This one has lots of potential. TDLR, this one has built in governance to allow update to the cryptocurrency, which both bitcoin and ethereum had issues with. Bitcoin has scaling problem, and eth had to fork. Ironically, cryptocurrency purpose is the decentralized but the core team retains too much control, which exactly what they're trying to avoid. I'm planning to fund ICO.

grizzles 9y ago

The token is called a Tez (XTZ), when there are many they are Tezzies (tay-z-eez). Why don't you just call it a (TEZ)?

irickt 9y ago
This is to comply with currency naming standards: https://en.wikipedia.org/wiki/ISO_4217 https://en.wikipedia.org/wiki/ISO_4217 Same reason XBT for bitcoin is prefered by some to BTC.

topmonk 9y ago

Here is probably a better link which describes Tezos in more detail: https://www.tezos.com/static/papers/position_paper.pdf https://www.tezos.com/static/papers/position_paper.pdf Edit: After reading it, the main takeaways are: 1. Allows voting on changing the protocol 2. Uses Proof of Stake with some statistical analysis to help with flaws, although nothing seemed definite 3. A brief mention of formal logic being used to create some sort of constitution, which any changes have to prove they abide by before being accepted by the system