The Tezos community is known for having some strong shared values – and that is something that pushed up the price of XTZ in the charts before. In the latest Bitcoin news, however, we are focusing on one thing that both Tezos and Bitcoin share.
According to the Castle Island Ventures partner Nic Carter:
“The number one lesson and takeaway of bitcoin is a core set of principles – defining them and making the chain a beacon to attract people who believe in those principles.”
He hinted on the strong shared values which Tezos and Bitcoin share – making his comments at TQuorum which is a conference about the Tezos ecosystem organized by the Tocqueville group. If you haven’t been following our Tezos news recently, Castle Island Ventures is an early stage venture capital firm which is focused on public blockchains.
Carter argued that both of the groups are comparably well-defined. While Tezos was founded by one of the largest initial coin offerings (ICOs) of them all, Carter said that he has been an ICO skeptic.
“If you are going to do it, shoot for the moon and believe you are going to be able to create a new form of non-sovereign money,” Carter said when speaking about the Tezos ICO, which he says is the only ICO he has been part of, adding:
“You don’t have enough advocates if it’s concentrated in a small number of folks.”
That said, Tezos and Bitcoin share some great principles. The president of the Tocqueville Group, Alison Mangiero, was also featured in the Bitcoin news updates for stating that “there has to be a shared narrative” and explaining why her organization gather leading members of the Tezos community for three days in New York.
She also highlighted the fact that the Tezos answer to ERC-20 tokens has been built and its non-fungible token standard is also doing well.
As you probably know, one of the core values of Bitcoin is the fact that it is very conservative. Tezos and Bitcoin do not share this explicitly, and we can see that the dominant cryptocurrency has a fixed monetary supply and never rushes to shift the fundamentals.
On the other hand, Tezos is built for change and the new features reflect that, Mangiero noted.
“It’s like a public blockchain for adults,” she concluded.
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