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Comment by flooow | Hacker News Reader

Keep getting LinkedIn messages from Tezos recruiters, quoting surprisingly high salaries. By all sensible metrics (e.g. token value, trading volume, actual real-world usage) they are just another dead crypto project. If I were in charge, I would take whatever cash I had extracted from 'bag-holders' and retire. But I suppose they want to keep up appearances for a little while, and this bit of news is probably good for a little more exit liquidity.

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Tezos is great. There's a fun NFT community that uses Tezos

HEN? I made something that integrates what that. Nice community, but HEN had a lot of issues and kept changing hands.

Also, the big appeal of Tezos was the PoS, but now that Ethereum has switched to that, I don't see what edge Tezos has.

Yep, HEN. I had a lot of fun with it summer of 2021. Ethereum is proof of stake now, but Tezos is still cheaper, faster, and much less barrier to entry if you want to stake your coins.

Same. I put a lotttt of time into a project involving that in 2021, not enough to understand the inner workings of Tezos but enough to understand all the quirks of HEN. Part of the project was essentially a HEN client. The project was successful in the beginning but died when most of the rest of the team went to fight in a literal war, and the market crashed at the same time.

> Tezos is still cheaper, faster, and much less barrier to entry if you want to stake your coins

Yeah but those advantages only come from Tezos being used less, right? If not, how did they manage to design something strictly better than Ethereum?

I'm not sure, but you're probably correct about the speed and cost being cheaper because there's less traffic. I saw something about support for layer 2s with the new Tezos upgrade

There's talk about L2 with Ethereum too, in both cases pretty far away from real use cases. Originally the appeal of Tezos was that it's PoS and otherwise decent, and the reason Eth wasn't PoS yet was that their community didn't prioritize it as much or agree on it so readily (it's not a strict upgrade over PoW, plus miners want to protect their investments, so there's some controversy). But now that Eth has seemingly caught up, I don't see an edge.

(Btw I've never had any significant stake in either coin or mining equipment, just time investments in learning or building around the ecosystems.)

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