Tezos discussion

[vinipoars]

Great project. I'm really curious to see what will come in the next weeks.

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[cryptodv]

Love the project, but oversold. Big dump when it hits the exchange. I'll be waiting. 

[jokumat]

Oversold? There is a big advantage in being the biggest. People cannot overlook you 

You are getting much free PR, exchanges loving u, trolls trolling u, expectations growing and if the tech is ok ...   

[lofegs]

Love the project, but oversold. Big dump when it hits the exchange. I'll be waiting. 

There is 9 coins over $500m valuation right now.
Better wait end of the ICO and see valuation to decide.

[franc0]

The best thing you can do is buy at ICO full bonus half of what you intended to invested and the other half when it hits the exchanges in case it drops.

[CoinCidental]

The best thing you can do is buy at ICO full bonus half of what you intended to invested and the other half when it hits the exchanges in case it drops.

price will crash on exchanges .........oversold

[george888055]

The best thing you can do is buy at ICO full bonus half of what you intended to invested and the other half when it hits the exchanges in case it drops.

price will crash on exchanges .........oversold

agree ....all the money join the ICO and no more money but it on market .so it will crash

[DollaHolla]

That face when theres no crash on exchange add   

[megashira1]

Love the project, but oversold. Big dump when it hits the exchange. I'll be waiting. 

It doesn't matter if it is oversold; oversold = the ground-floor price for the token. All it means is that it will take some time before profit is made and it is better to get on this train too soon rather than too late.

Not many intelligent people are going to be selling at a loss, and if you got in early you have a 20% buffer zone before you are in the red. Getting in early for Tezos is a no brainer. Wait 2 years and we'll be at minimum $10b market cap at least.

Tezos is a set it and forget it coin. You'll find yourself waking up in 2 years to find out you're a millionaire pretty much.

Remember ETH was considered overvalued during it's ICO at what 10cents?

[negancoin]

it's look like a good project, but I didn't like the idea of new language, they sould build on exist language. also this coin is like DASH.

[DollaHolla]

it's look like a good project, but I didn't like the idea of new language, they sould build on exist language. also this coin is like DASH.

Yeah new things are bad

[Dvd1989]

Love the project, but oversold. Big dump when it hits the exchange. I'll be waiting. 

It doesn't matter if it is oversold; oversold = the ground-floor price for the token. All it means is that it will take some time before profit is made and it is better to get on this train too soon rather than too late.

Not many intelligent people are going to be selling at a loss, and if you got in early you have a 20% buffer zone before you are in the red. Getting in early for Tezos is a no brainer. Wait 2 years and we'll be at minimum $10b market cap at least.

Tezos is a set it and forget it coin. You'll find yourself waking up in 2 years to find out you're a millionaire pretty much.

Remember ETH was considered overvalued during it's ICO at what 10cents?

Still, it's also a good strategy to wait until the coin hits the exchanges, probably at near ICO price, to buy. The lock-up from a couple of months and the very successful uncapped ICO will result in a low exchange price. Why not wait until then to buy?

[WastedLTC]

If somebody forget's its password.
Can you retreive it using your Private Key you have been sent on the PDF?
Thank you

No, there is no way that you can retrieve your tezzies if you loose your password. The wallet id and the seed is not enough!!

What?   Typically the see is the private key and that is all you need.  

Tezos is different mate if you lose your password you lose all your coins simple.

An important reminder about passwords
Dear Tezos supporters,

The Tezos fundraiser is currently ongoing and has been a massive success so far. If you have contributed, or are planning to contribute, we would like to remind you of the importance of backing up your password.

The password you select on the fundraiser page is used to protect your key in case of theft of your paper wallet. The 15-word mnemonic you see in your wallet cannot alone let you access your XTZ allocation. We do not have your password and cannot help you recover it.

We recommend that you pick a strong password, one you haven't used anywhere else. Committing passwords to memory is difficult, therefore we strongly recommend you write it down on a piece of paper and place it in a secure location. Keep it secret, keep it safe.

As always, whenever you access the Tezos website, please type in the full address, manually, in your browser: https://www.tezos.com

Sincerely,
The Tezos team

Thanks for the details,  hope the PW I wrote down is the correct one!   =?

good question... how to check if I have/remember/write down my correct password?

That's what i am worried now i hope i can remember the password . If any one know how to check please post it.

As a Tezos investor & InfoSec engineer, I too wanted to double-check my password and to check that their wallet generation mechanism was not flawed... So here is a secure way to do it:

1. Open https://crowdfund.tezos.com (the only official site that you should trust) then download & open the offline version on Chrome in incognito mode (ctrl-shift-n) on an offline computer. If you don't have an offline computer, at the very least disconnect from your network. I highly recommend to go offline. The steps below, if slightly modified, could be used to steal your wallet password+seed. If you are offline, it should be fine.

2. Open Chrome's dev console (ctrl-shift-j) and type the following command. Again make sure you are in incognito mode (if not, the dev console command history will be saved to disk and leak your passwd). Replace "x@x.x" with your email address, "testtest" with your password, "word1 word2 word3 ... word15" with your secret key):

Code:

module.getKeypair('x@x.x'+'testtest', 'word1 word2 word3 ... word15')

(In general you should never type a piece of code you don't understand in the Chrome dev console. But because you are doing this offline, in incognito mode, and will close Chrome before going back online, it is safe.)

3. It should print, for example:

Code:

Object {mnemonic: "scene claim process view journey snack cement lens avoid iron dove slam game chronic hazard",
  entropy: Uint8Array(40),
  pkh: Uint8Array(20),
  pkh_b58: "tz1YFBpy8SvFZhk91rnik1Czx5NsYEaurTn6",
  verif_code: 35399}

4. Verify that pkh_b58 matches your publish key hash. If it does, then your password and email were correct. That's it.

5. If you had to use an online computer temporarily disconnected from the network, then close the Chrome incognito session, and only then it is safe to reconnect to the network.

Technical details:
For the curious and those who can read the js code, the module.getKeypair() function is defined in the Tezos page and simply computes a Tezos keypair from an email, password, and secret key. They use the standard BIP39 passphrase-protection mechanism to generate a seed from a 160-bit mnemonic (15 words). The BIP39 passphrase is the email address concatenated with the Tezos password. The verif_code is just the first 2 bytes of the public key hash (pkh[0] * 256 + pkh[1]).

It is possible that some people typed a random email (not willing to reveal their real email) and it seems the Tezos devs didn't think about this. IMHO they should display a big warning to explain that both the password as well as the email need to be remembered in order to access the wallet, since the email is used to build the BIP39 passphrase.

Thank you,  this worked perfectly and now I can sleep a little bit better...  .  Seriously, thanks!

[Wapinter]

Oversold? There is a big advantage in being the biggest. People cannot overlook you 

You are getting much free PR, exchanges loving u, trolls trolling u, expectations growing and if the tech is ok ...   

There were no hard cap to call it oversold.It was actually intended to get as much funds as possible and take advantage of this in developing best thing.Now tezzos team can hire best prople,spend good amount on marketing.

[oaks05]

well its not expected to be released for a few months right? least from what i read i could be wrong, it will def oversell a bit but if it dont hit the exchange for a few months might create a bit of fomo for the people that missed out. I invested something worth the risk to hold long term.

[Coinr88]

Where can I find the information about the lock up period until the tokens are released, or the start date of the network? Couldn't find anything in the whitepaper or on the website.

[bengems]

Tezos is the only ICO that worth the risk ever since the ICO bubble burst this year.

I am holding my stash for long term, and will participate in baking to earn more. Even if the price dips below the ICO, I'm gonna buy more. I believe that Tezos will deliver.


You've made the right choice.

well its not expected to be released for a few months right? least from what i read i could be wrong, it will def oversell a bit but if it dont hit the exchange for a few months might create a bit of fomo for the people that missed out. I invested something worth the risk to hold long term.

[Asimmo]

Currently, we can`t do anything but to pray for the planned way to hit the finishline..

[RealEndymion]

Currently, we can`t do anything but to pray for the planned way to hit the finishline..

Pray for a project to hit the finishline seems a little bit exaggerated to me.
The Team and the project seems good, wait and relax.

[jokumat]

Launching on a bear market would not be a good thing. You should be happy for any delay.. tezos can get some traction in the meantime