Tezos Foundation expressed: Over the next couple of weeks, the Tezos Foundation will transfer TEZ it holds from its proprietary storage solution to one institutional custodian and from there to multiple institutional custodians in order to manage crypto storage related risks.
Community Reaction: We demand you to lock up/burn your tokens. This is becoming ridiculous. There is proof on chain of you guys selling over 60 million XTZ already.
Who do you think finances the developments? Of course, they sell XTZ. Burning the tokens is stupid, stop baking and delegate to a baker if that’s okay with me.
A proprietary solution is a hardware or software product or combination of products and services that is tied to a specific vendor, to the exclusion of all other vendors. Sounds like they move them of a ledger nano, to a custodian that is insured.
Is there a timeline for stopping the foundations bakers? Is this in preparation for that? Please provide a detailed explanation on your reasoning and why this is good for the ecosystem.
God, I hope it is. Stop the bakers for Goodness’ sake and lock up your XTZ. Sell, it later for a $100 for all I care.
Prepare for dumping and get ready to map out the new path of dumping. We need someone that boosts DeFi and NFT space on Tezos, we are at a crucial point and can take advantage.
Tezos Foundation didn’t receive enough money in the ICO, they need more from staking rewards, you guys are doing awesome.
Why don’t you provide liquidity to the DeFi projects? Why don’t you burn your staking rewards? Price precedes hype. We want the blockchain to be used, we need the price. It’s not rocket science.
How about announcing something important for the Tezos holders?! Distribute backing rewards to DeFi platforms to incentivize liquidity providers, utilize your ETH and BTC stash to buy-back XTZ from the market. Do something that brings value to us, not only to you.
Risk in price drops so they send to Bitcoin Suisse and they send to 3 different exchanges dumping XTZ. Check Tezos Agora for history of similar movement.
Risks? You worried about a hack? What do you mean risks?
Don’t panic guys. This was a planned Tezos outage. All the validator nodes are currently updating their storage so we will be faster than ever in just a few hours. Sit back, grab a cold one and relax.
I would say everything is experiencing a bit of outage.
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