/biz/ - Business & Finance

Price action:
1) Tezos Foundation maintains a stance the network is decentralized and does not involved themselves with secondary markets.
2) Marketing/promotion is extremely limited, at present, with a focus on education building a future generation of developers.
3) Class suit has little weight when more people agreed to sign a petition stating they would be willing to submit an affdavit to the courts than currently make up the proven class. No damages were done and at present the network shows little sign of centralized ownership that I can find.
4) There are no market makers being deployed everything you see is organic volume on the exchanges.

The upper threshold of inflation is 5.5% but due to the fixed rate of blocks being created the potential maximum drops over time given no constants on the network are changed through an amendment. The LPoS staking model doesn't lock up your funds which if you look at the number of activated accounts * staking rate it comes out to ~80%+ and yet price remains stable especially at low volume >> There is no serious sellers at this range. OTC buys outweigh sells according to two different OTC traders. This is a multi-year hold with incredible upside potential.

How is this different? (e.g. ETH, EOS, ADA) The real competition is with ETH and a few projects that are being developed or are conceptual. EOS is a puddle of hot garbage. ADA is a network shell with a team of "research scientists" that don't have functional smart contracts and can not keep their wallet online. ETH is more broad in its application where Tezos I see as mission critical infrastructure. The learning curve is much higher on OCaml/Michelson.

https://www.reddit.com/r/tezos/comments/9jgzqw/can_someone_please_explain_the_options_that_are/e6sa0n4/?context=3

Outlook:
- Short term is neutral even with a dip spot buying/staking in a bear market is comfy.
- Project is underweight even with a $786 MM cap but requires more volume for a significant move.
- Waiting on announcements for implementation of a scaling solution along with dismissal and/or settlement of the U.S. class action.

This shit is vaporware and glad to see the original founders were sued

>>11288026
> Vaporware
> Functional product delivered
Go away Charles H.

>>11288026
>vaporware
You can use it right now, putz.

>>11287623
Bullish af for Tezos! Arthur is already talking about benchmarking the TPS to be 100x larger than they currently are and before any scaling solution is implemented

>>11288399
Exactly. The more developers I talk to involved in this project the more it becomes apparent this is a sleeping giant.

>>11288835
Yep! I saw Tim Draper last week saying it will be the biggest alt coin of 2019, pretty sure his network of people are going to adopt this blockchain. Wish we had some more exchanges but I'm sure they'll come

>>11289843
> Pretty sure his network of people are going to adopt this blockchain.
I've seen the early stages of this forming. Difficult to tell if it will yield positive results from my perspective. Too many operations are opaque, at present, to understand the full reach of Tezos.

>>11290128

True

Insider here. Get out while you can.

>>11290929
>Insider here

/biz/ is too foolish and broke for this chain.

>>11287623
>tfw 50% Tezos, 50% Link
Best bags.

>>11287623
I think Tezos is cool and all, I just don't see any incentive to really bet on it. It's late to the game.

>>11291974
No coin has been adopted yet.
Just a lot of testing and shallow partnerships, calling Tezos "late to the game" when blockchains can't even scale properly is ridiculous. Moreover, Cardano is not even launching until next year.

>>11292111
Depends on what blockchain you're looking at. But even with current scaling issues, it's still more likely ETH keeps the crown (as a queen) instead of Tezos taking it.

>>11292119
>still believes in ETH

Have you seen Arthur BTFO Vlad countless times? Good luck if that's your guy working on PoS kek

https://twitter.com/ArthurB/status/1047213430892101632

>>11292153
I'm not holding ETH myself but I'm not deluded to fall for all the bullshit.

>>11292162
Fair enough, I understand what you mean.
I personally don't believe ETH will scale or go PoS, I lost faith in them years ago with their promises

>>11292185
I think ETH failing won't send out a positive signal towards other projects working to achieve a similar goal. It will only show how unstable crypto really is. So far it still has the largest development community, most dapps even if they're shit, and the most ICOs. The price might suck right now, but apart from scaling issues, it is still the go-to platform.

Besides, in the early days of the interent there were similar concerns about scaling, and in the end they all got fixed. I'm not sure on what timeframe you're looking and idk exactly how long Ethereum plans to wait untill releasing a scaling solution, but if its only a couple of years then i'd rather be in ETH.

I'm holding Ripple anyway, so Idc what happens to ETH, but its still first to market with a large community. People always look at the bad side of things when prices are low. Price reflects peoples future expectations. And once again it clearly shows itself.

>>11290929
>Insider here. Get out while you can.
misspells in, cuckold

>>11292245
Bubbles help fuel innovation. No one had a gun pointed to their head when they fomo'd into a crypto rally.
Ethereum did help bring awareness to crypto but I don't think it failing will have too much of a negative impact. Market competition is here and some projects will build on through to more sophisticated and secure technologies.

>>11292153
>Good luck if that's your guy working on PoS kek

tezos added backdoor kyc, you don't recover from that unless you can fully refund everybody that doesn't agree with it.

that alone pushes developers away, and lets be real: the differences tezos makes for their language are all that matter, and something ethereum can easily implement as another supported language, just like solidity isnt the only language you can write contracts in. governance as part of the blockchain is a mirage. developers and forks control the flow of the chain, nothing in the code can prevent either of these.

>>11292675
Go read the tokensoft terms & conditions. More to come on this in the future but point taken.

It isn't that they can't support another language. It is they lacked the foresight to predict these issues during protocol design. Governance tools don't prevent all forks but provide an efficient manner in which to address contentious decisions. It prevents unnecessary forks on the network. ETH is also centralized off-chain at present where Tezos is broken up into independent organizations that are not required for the chain's survival.

It is easy to state you can perform a task, talk is cheap. Get back to us when ETH moves to PoS then come talk about governance.

>>11287623
>>11287632
>>11287640
>>11288280
>>11288835
>>11290128
>>11291007
>>11292862
>>11288399
>>11289843
>>11290907
>>11290938
>>11292111
>>11292153
>>11292185
>>11292599
>>11291007
>>11291614

>The lack of character, morals and personality have made the Pajeet also indolent and lazy. He has no intention of ever working hard and does not bother to create a mainnet, to get his shitcoin listed on other exchanges or to implement any new features. Instead he will just announce another announcement, make even bigger promises and make up another fake partnership. In these good but empty news he will drown every excuse for nothing having been achieved yet. Everything is vaporwave and once he got rid of a significant portion of his bags (he is hardly ever able to sell everything) he will just forget his old shitcoin altogether and create a new one.

>But suppose now that the Pajeet eventually gets his coin listed somewhere or that he actually delivers on some obscure useless feature. This will however still not change the fact that his shitcoin is no use to anyone. At this point everyone involved knows that everything is based on greater-fool-theory and everyone is hoping to sell his bags to someone else. After the event everyone will try to sell his bags to everyone else who is trying to do the same. Thus the ideal moment to sell your bags is always before the event at peak hype when the Pajeet is selling his coins to you.

Fact is that even it it turn out not to be vaporwave it will never stop being a shitcoin and die just like any other.

>>11293019

>muh greater fool theory
nice ramble grandpa

>>11292628
AHAHAHAHAHAHAHA

>>11293019
Is reading comprehension out of style? It is already delivered, fully functional, online, mainnet, etc. You could have merely stated "It will never stop being a shitcoin and die just like any other."

Cardano is vaporware. EOS was a predictable disaster. HOLO is what people purchase between living a healthy life and committing sudoku.

Tezos is nice but useless. And the 1 coin = 1 vote system is retarded. Proof of stake doesn't work.

>>11293304
>Tezos is nice but useless.
Yes, at present it magically does nothing beyond baking, voting and speculation. So we don't disagree there. Unique technology is important to getting crypto to the next level of adoption. Would rather bet on a new chain than ERC20 tokens and useless forks. What makes you think PoS can't work?

It's certainly better than EOS, but it won't beat out Etherium. All of these ETH killers are in a race against ETH scaling before dapps become a thing that people actually use. I think the amount of energy and development that Etherium gets will keep it on top.