The Tezos community has strong shared values, arguably as strong as bitcoin?s.

That?s the assessment of Castle Island Ventures partner Nic Carter, who said

> ?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 made the comment atTQuorum [], a conference about the
Tezos ecosystem organized by the Tocqueville Group. While the bitcoin and Tezos
communities have different values, Carter argued both groups are comparably

Tezos was funded by one of the largest initial coin offerings (ICOs) of them
all, and Carter has been an ICO skeptic.

?But 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 of the Tezos
ICO, which he says is the only ICO he?s participated in, adding:

> ?You don?t have enough advocates if it?s concentrated in a small number of

?There has to be a shared narrative,?Alison Mangiero
[], the Tocqueville Group?s president, told
CoinDesk in an interview after the panel, explaining why her organization
gathered leading members of the Tezos community for three days in New York.

Before the public conference began, Mangiero gathered some of the most active
participants in the Tezos blockchain for a conversation about values. Some of
the values her staff presented for discussion included open participation,
token-holder-centricity, non-aggression, nuanced pragmatism and evolution (not

Culturally, Mangeiro noted that Tezos has been a very technical and academic
project ? one that has spent less time than others telling its story more
broadly. However, there are developments happening now that could begin to
interest outsiders.

She highlighted the fact that the Tezos answer to ERC-20 tokens has been built
and its non-fungible token standard is coming soon as well.

Updates on bitcoin come more in the form of tools built for it rather than
changes to the bitcoin software itself. One of the core values of bitcoin, of
course, is the fact that it is very conservative. It changes slowly. It has a
fixed monetary supply. It never rushes to shift the fundamentals.

Meanwhile, Tezos is built for change and these new features reflect that,
Mangiero said. With formal verification built into the very protocol and its
ability to be upgraded as its central feature, users who deploy new digital
assets on Tezos have stronger safety and security assurances, she argued,

> ?It?s like a public blockchain for adults.?

What?s the consensus?
So does the community possess a clear idea about the value of?Tezos?

On the TQuorum conference floor, CoinDesk found the idea of a protocol that can
change with the times to be one that came up repeatedly.

In fact, one interviewee (who preferred to remain anonymous) told CoinDesk he
went from being a Bitcoin Maximalist to becoming stressed by bitcoin?s inability
to change.

?I see a lot of people coming into [Tezos] from bitcoin because we saw a lot of
things that were broken in the previous system,? he told CoinDesk. ?Maybe this
[Tezos] was something we could settle on and grow??

Lukas Zuegg, a hobbyist baker (the Tezos term for those responsible for block
creation) who also teaches workshops on validating the blockchain, said Tezos
bakers have enough of a shared commitment to participating in governance that
they have no compunction about naming and shaming each other on social media for
not voting. Token holders also show they share these values by quitting bakers
who skip votes.

That kind of culture gives Tezos a reputation for being a well-governed

Still, Zuegg noted it?s small relative to other blockchains.

?I think it?s a challenge of managing bigger and bigger societies,? Zuegg

Adrian Brink, a founder at Tezos startupCryptium Labs [],
concurred that the network?s key feature is ?constant, steady evolution, to go
with the times.?

But he also echoed Zuegg?s point:

> ?The community is still very young so it?s fleshing out its ethos and its

Image: Nic Carter, Castle Island Ventures; Tarun Chitra, Gauntlet Network; Lily
Liu, investor and Coinbase alumna; and Joyce Yang, Global Coin Ventures. (Photo
by Brady Dale for CoinDesk)

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