Decentralized exchanges have been a priority for our capital deployment efforts - which is exactly why we funded multiple teams to build simultaneously. While the issue with Dexter is a potent reminder of the potential risks of decentralized value exchange, we are encouraged to see members of the Tezos ecosystem identifying these problems and informing other teams. We are glad that this was caught before any funds were misused.
Both you and I are very, very happy funds were not lost for users. You did well funding a few independent efforts, that was great foresight. The point of contention here is that even this may not have been enough and there were several big delays within all the efforts you funded. Have you considered the possibility something could have been done better yet? Is there an effort to improve effectiveness and to address the issues you are able to control, all with the end goal of a fully bootstrapped Tezos ecosystem in mind, one where the Tezos Foundation is not necessary because it has all the pieces and the key players?
Itâs never too late to get out there into the community and start fostering the talent that exists already, people who are known to build good stuff and do good work. Putting up a proposal application out there and expecting everything to build itself and organize itself and motivate itself, is a bit of a tall over because Tezos is building everything de novo, from scratch. We are not vassals to Ethereum, we are original thinkers and we need your support and presence, even if cloaked. We need to know opportunities are not going to waste because there is no one at the telescope looking at the stars.
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The foundation has their head in the right place development, grants, and decentralization but I think the pace of development is too slow given the competition.
More work needs to be done to subsidize developers working on Tezos in a more proactive way than just a slapping a grant request on your website.
Developers are a rare commodity and they need to be given the right incentives to develop on Tezos.
Also, there is a place to offer small rewards to new users who bake for the first time or perform important tasks that improve the liquidity and functionality of Tezos.
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Well said. Completely agree.
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Why wonât TF hold any of their btc as tzBTC? Bitcoin Suisse is the custodian of both, so TF needs to do nothing more than send an email? Refusing to hold tzBTC hurts the perception of Tezos.
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When will they stop increasing centralization of the network by consuming the vast majority of all the baking rewards?
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When will they decentralize the network and strengthen its security by burning some of their xtz?
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Why wonât they contract experts like Delphi Digital to perform a security audit of the network?
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Those top 3 questions from ZPE1333 are my same main questions⌠When I was deciding whether to invest in XTZ or not, the main thing holding me back is that there has not been any increase of tzBTC in circulation. Everyone knows Bitcoin is king at the moment, even myself a Tezos maximalist can admit that. But what makes Ethereum so great is the amount of tokenized value within. Doesnt matter how high transaction fees are as long as that value is stuck within. Therefore Iâm sure there must be some future Tezos whales out there who want to be whales but see tzBTC supply flatlined, coupled with the price of XTZ not doing so hot compared to other coins, where is the value proposition? There needs to be a steady monthly conversion of BTC to tzBTC, or TF should make their own tezBTC where they can be their own custodian. Tezos minimum value is the amount of BTC locked inside. Therefore this puts a floor on the price of XTZ. As long as XTZ is consuming more and more BTC, over time the price must go higher as that floor moves higher. But as long as tzBTC supply looks flatlined Tezos will not be receiving any major boosts it seems.
Where is the current thread/topic for TF questions?
