Boom! Here I am again. It has been a couple months or so since the last update on the state of Teznation. This is a long post, so sit back, get comfortable and absorb. The release of Deadpool 2 came and went without any major drama. Watch me sing here. Had some beef with Celine Dion but will work it out in due time. I recommend reading my post while listening to our motion picture soundtrack ‘Ashes’.

On a scale of 0–10. Level 11

Right, let me get off my exhausted unicorn and let’s delve into the happenings of the Tezosphere during the past month.

1) The good —

The thunderstorms at the Order of Tezocracy have stopped, but it’s still not sunshine and rainbows as it attempts to recover from all the chaos it has experienced since ICO 2017.

As has been the case since the dawn of Teznation, the Tezos community has been up to its usual BUIDL mentality.

With the formation of the Tezos Commons Foundation, the community have been able to send Tezos champions across the world to countries showing strong interest in the Tezos protocol. Some of our friends abroad are really doing their all to promote Tezos in their nations. Well done! To the countries not yet awakened, time for level 11 too no?

Like I said in my last post, Einstein’s Theory of Relativity level right?

Where are all the other Tezonians from across the world? What are you doing for Teznation? Why can’t we smell your presence yet? It is exciting to watch the passion for Tezos rise higher and higher as we near launch!

Who else can show me huge guns? Bottom left. Huge. :)

Friendships made everywhere you go in the Tezosphere!

@neapen and @dsm

Legends!

Champions!

Community media is ramping up!

Delegates and Devs rolling out their genius!

We are nothing without these ecosystem BUIDLers. While they buidl, the rest of us protect and support them. (How about we get some more international Tezonians educating the crypto community on why the FUDders are barking up the wrong mountain.)

We also welcome all the new people who have shown strong interest in Tezos this year, but who unfortunately didn’t have the opportunity to participate in the 2017 ICO. New members to the Tezos community, welcome and join the Riot rooms and Reddit channels! Find your place in Teznation and start contributing! :)

New members who are also on Medium, follow Milo Davis for dev updates!

Also check out all our Tezicians at work!

King Baker.

Acknowledging the amazing Tezicians for their Level 11 dedication towards our Tezos blockchain.

For more programming resources — https://tezos.rocks/

Learn OCaml!

If you would like to learn about the software that Tezos is built on, check this!

https://archive.org/details/fun_ocaml_mooc/W1_S3.mkv

As you digest this latest puff of rainbows, allow me to bring up some sombre issues we are encountering at the moment in the Tezosphere. Even though some events indicate Teznation has a bright future just around the corner, there are still some obstacles in our way preventing us from reaching greatness.

“For example, our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto.”

2) The bad —

Even with all the positive developments of late, the mood of Teznation is still desperate for bright sunshine from within our own spheres of influence. Slowly over the past month, as less transparency in the inner workings at the Order of Tezocracy goes on, Teznation is showing signs of level 5 or 5.5 tops in spirit. Like Celine Dion told me, she operates only at level 11. No other level exists for her. We must be the same. Our spirit must be kept only at level 11. Our spirit inside Teznation must remain resiliently high to withstand all the tough obstacles that mother nature can and will hurl at us upon launch.

Tezonians, we must unite and keep BUIDLing Teznation! The difference between a level 5.5 and a level 11 is the same difference between Proof-of-Work and Proof-of-Stake. Which level is good for the future and one in which we can all thrive in?

The Tezos blockchain is at 11. The Tezicians are also at 11. Arthur and Kathleen are also 11s. The Tezos foundation board members are also 11s. The Tezos community is failing these true champions of Teznation. We need to match the intensity shown by all the other stakehodlers and do our part too.

Truth is like a knife through a hot Taco. Why is this happening to us after enduring through the thunderstorms of before? Are we not stronger now than before? How did we drop to a 5.5 after the seemingly impossible became possible?

It may be because some of us have lost the MotherFather within us. We used to have a lot of inner MotherFathering fighting spirit, but it seems with no regular communication from the Tezos Foundation, no designated community manager, and no exact Betanet Launch date known, (caused from malicious lawsuits that shut down communication to the community) the MotherFathering spirit we had had, is now taking a holiday somewhere at Sun Mama Beach Hotel.

We all need to reach deep into the place called Sun Mama Beach Hotel, open our iron fist and pull back out the MotherFather within each of us again. We did it once before, now is the time to summon this inner beast again.

3) The ugly -

So let’s bring up the crux of why I am writing this piece of rainbow. Let’s solve the cause of this silent/weak/piecemeal communication to Teznation that has been imposed on our Tezos Foundation.

Lawsuits.

There are lawsuits ongoing now that is preventing the Order of Tezocracy to openly communicate to Teznation. These lawsuits are held by only 6 people. Yes. 6 people out of how many in the Tezos community? These 6 need to be shown the light, and helped to awaken on some hard truths. We must summon the giants again. Our champions of the Tezos Community must crush them, crush them completely, so completely like no dictatorship. has. Ever. Crushed. Before.

We need to help the Tezos Foundation restore order. Without our community legion spirit, people will start thinking the Tezos ecosystem is Spiderman. Gentle. Softy softy. Play play chain. Once people do think the Tezos community is Spiderman spirit, they start messing with us constantly, sending us even more lawsuits, creating more FUD, telling us that we are only pieces of MotherFathers not worthy of being an 11.

Boy, do not mess with us I tell you. Do not think we will stand down in any thunderstorm.

Right, are you ready Teznation and blockchain friends?

Please sign, then join the discussion on the lawsuits here,

Has the MotherFather spirit inside you come back from Sun Mama Beach Hotel yet? Great. We do this for the sake of all the BUIDLers in our community who dedicate their work towards the greatness of Teznation. Please share the petition worldwide after signing. By signing the petition, we help Tezos community reignite back to level 11. Again. Do we want ourselves to become Spiderman? Play play chain? The dismissal of the class action against Tezos may immediately allow the Tezos Foundation to freely communicate with everyone again and move things forward at a faster velocity. It is for the benefit of everyone involved in Tezos and the health of the wider blockchain community.

You did not wake up today to be mediocre! Tezonians unite, SIGN and SHARE that petition!

While the petition alone can not dismiss the case by itself, when the amicus brief is filled, the court will take this larger aspect into consideration in deciding if the plaintiffs can form a class action or not. Thus, if we the majority have the judge see +1000 signatures denouncing the plaintiffs, it makes it a lot more likely the judge and the courts would consider dismissing their case. 6 people should not be holding Teznation hostage. Every signature we garner is a thrust into evil.

https://news.bitcoin.com/tezos-community-petitions-to-end-the-class-action-lawsuits/ “In essence, the Tezos community members behind the petition want to draw a line under the sand and move on. Their goal is to show the court that it is highly unlikely that the plaintiffs can form a class. If enough people denounce the class, and there are just six plaintiffs claiming they can form a class, the plaintiff’s case becomes much more difficult. The plaintiffs have claimed that they are speaking on behalf of the entire Tezos community…but it appears that a significant portion of that community demurs. “

Check out this piece by a Tezos champion who clearly woke up in beast mode :) Can we all give as much effort to the petition as this champion beast is doing?

May 24, 2018 To the Honorable Court, San Francisco, CA I was a contributor to the Tezos fundraiser in July 2017, I am a potential developer, and an active Tezos community member. I am willing to sign this class action petition. I don’t see how the plaintiffs have any recourse in claiming that the defendants have allegedly violated security law by selling an unregistered security when the SEC at the time of the Tezos fundraiser had not officially announced whether blockchain related tokens are indeed securities or not. At the time of the fundraiser, the IRS claimed cryptocurrency was a property for tax purposes and more recently the CFTC has continued to pursue their attempts to classify cryptocurrency as a commodity. I believe the court has to be careful in how it applies any current statements from the SEC as it is arguably unethical to retro-actively enforce regulation and that the laws should be applied as they stood at the time of the Tezos fundraiser. My other argument, is that the government, whether it be the CFTC, SEC, or IRS, should not regulate blockchain related tokens with blanket policies. Blockchain is simply a novel data structure that has several benefits compared to other data structures including the ability to intrinsically authenticate digital data without requiring a 3 rd party to do so. This data (i.e. token) should not be regulated with an overarching policy as it truly depends on the nature of the said underlying data and what it represents. This concept is no different than pen and paper (which requires a 3rd party for authentication) in that it depends on the contents of the document that determines whether the document is a security, a bond, a legal contract, or a currency, etc. Attempts to regulate blockchain related technologies or “cryptocurrencies” all the same is very misguided. It would be analogous to stating that all written documents are securities which is completely absurd as the contents of that written document could range from a currency, to a bond, to a letter, or even someone’s homework assignment. The real question in determining if a blockchain token is a security or not should be: What is its purpose, how does it benefit the token holder, and is the token holder dependent on a central authority to realize these benefits? If the token is used primarily as a means to facilitate exchange then it should be classified as a currency. If the token is primarily used as medium to store value then it should be classified as an asset such as gold. If the token is primarily used as a share of ownership in an underlying blockchain technology used in junction with a central authority with the investment goal of profit then it should be a security. Tezos does not fit into any of these categories, because it’s a public blockchain that the donators will own, regulate, and ultimately govern. It has no true central authority, and its purpose is arguably much more than just profit. In the case of bitcoin, the data on its blockchain represents a digital asset or currency without a central authority. To me, this more closely represents an asset class such as gold. However, other blockchain technologies store data that better resembles a stock such as, for example, the XRP coin also known as Ripple. Ripple is the underlying central authority and the XRP token resembles a security because it meets all the criteria in the Howey Test. Moreover, Ripple serves in the capacity as a central authority that has complete ownership in managing, developing, and governing its underlying asset (XRP). Further, all XRP token holders solely depend on this central authority with the expectation of profit. I would argue that in this situation, Ripple is guilty of selling an unregistered security. However, Tezos does not have a central authority because its designed to be a public blockchain that will be completely governed by its token holders without relying on any central party to do so. I would argue that a defining characteristic of a central authority includes the ability to govern, regulate, and control all development of its underlying asset. If one uses this definition to define a central authority, then in the case of Tezos, the authority is decentralized amongst the people who donated. One of the major distinguishing features of Tezos, compared to other blockchains, is this ability to self-govern using the Tezos tokens as a means for voting. Further, all software developments and upgrades will solely be determined by the token holders, and therefore, Tezos will have no central authority. Tezos, as opposed to cryptocurrencies such as Ripple, is a technological platform where the tokens can be used as a commodity to access, store data, and process transactions on the Tezos blockchain. For example, banks or other financial institutions may decide to build software applications that utilize the Tezos tokens (as a commodity) to store bank accounts, process financial transactions such as bonds or stocks using “smart contracts”, or exchange international currency without relying on the Society for Worldwide Interbank Financial Telecommunication (i.e. SWIFT). The proposed benefits include storing and processing transaction data that is much more resilient to hacking and data corruption than current methods afford while also simultaneously faster. However, there are other potential use cases of the Tezos blockchain that are primarily altruistic. For example, building software applications that utilize the Tezos tokens (as a commodity) for storing and processing patient medical records on the Tezos blockchain could yield similar benefits while facilitating the ability to safely share sensitive data between interested parties. As a physician, I can attest, that this benefit could revolutionize medical care and epidemiology research. Currently, one of the major obstacles in caring for patients and in research is access to patient data, which in the United States, is often contained in a fragmented system of various electronic medical records acting in silo. Other benefits to society, which don’t include profit, could be employing blockchain technology by various nation states to design applications for electronic voting or identification services that interface with the Tezos blockchain utilizing Tezos tokens to process transactions (as a commodity). The benefits, again, being higher data integrity that’s more resilient to fraud than current paper methods afford. These examples could all utilize the Tezos token as a method to pay for processing and storing such data on a Tezos blockchain. It’s analogous to a car engine where the Tezos tokens are the oil or fuel (i.e. a commodity) and the Tezos blockchain is the engine. Why you need a native token for a blockchain to function is a bit beyond the scope of this paper, but it pertains to how blockchains work in providing an incentive for people to maintain, process, and validate transactions on the blockchain. The Tezos tokens are not meant to be an investment instrument primarily for the purpose of profit. Rather, I would argue that it’s a modern-day commodity based on a technological platform that functions as public instrument, irrespective of geographic location and citizenship, by empowering token holders to completely govern the Tezos blockchain. This distinguishing trait, which capitalizes on the benefits of the Tezos blockchain technology itself, gives Tezos token holders the ability to unite as a community and truly own their own blockchain independent of any central authority. Therefore, the Tezos blockchain is also similar to a commodity in that it is a public good whose value is independent of a central authority. A final characteristic that’s common between Tezos tokens and other commodities is how society appraises their value. I argue that in isolation all commodities (e.g., oil, sugar, tezos token) have no true underlying outright value on their own and that their value is ultimately determined by their utility. Therefore, it is by these means where value is attributed to a Tezos token: 1) The use of Tezos tokens, like oil to an engine, to process and store critical data on the Tezos blockchain to benefit society as a whole, and 2) The ability to use Tezos tokens to collectively own a public good (i.e. Tezos blockchain) and to govern this technology as they see fit without a central authority. Therefore, because of these characteristics, Tezos tokens should be classified not as an equity but as a commodity. I would also like to add that the defendants have acted in good faith, have not mislead the people who donated to the foundation, and have conducted themselves professionally from the start of the fundraiser with the following points: 1) The defendants have been completely transparent in all development and all source code is view-able online. 2) The original fundraiser had clear objectives: 1) Proof of Stake 2) Self-Governing Blockchain 3) Formal Verification of Smart Contracts. 3) The Tezos blockchain is undergoing two audits by reputable organizations including France’s largest publicly funded research laboratory — The French Institute for Research in Computer Science and Automation (INRIA). 4) The people who donated to the fundraiser will be allocated the greater majority of the Tezos tokens to facilitate a democratic model of ownership of the platform. 5) The Tezos Foundation was established as a nonprofit entity compliant with all Swiss laws. 6) The Tezos blockchain is complete and will likely “go-live” soon over the next couple of months. To speak to a more legal argument, I don’t believe the Tezos fundraiser should be classified as an unregistered security based on the following principles as they pertain to the Howey Test: 1) The Tezos fundraiser was never promoted as an “ICO” to construe potential financial profit nor was the terms “investment” ever used but rather was promoted as a donation to the cause to help fulfill the mission of Tezos. 2) Never was there any mention, promise, or guarantee of profit from the donation. 3) In the long term, the true value of a Tezos token is not in any way related to the profit of any central authority. 4) The Tezos blockchain, once released, will be completely governed by the Tezos token holders with the full ability to determine the specific implementation of their own government structure, policies, software changes, bug fixes, and overall mission of the Tezos blockchain without a central authority. 5) The Tezos blockchain was already functioning prior to the fundraiser with all source code available online and included all the proposed benefits related to Tezos blockchain. Any significant changes to the blockchain aside from iterative refinements, resolving software bugs, quality assurance testing, or issues related to the audit would be primarily determined by the people who donated to the fundraiser. This argues against any short-term profit related to the influence of one central authority (i.e. the defendants). The primary reason for the delays due to releasing the Tezos blockchain are related to problems outside of the defendants control such as problems with the president of the Tezos Foundation (now resolved) and these lawsuits which are in a way self-serving. 6) The Tezos token is better characterized as a commodity than a security by way of my prior explanations. I am a top 2% donator to Tezos and I would consider myself fully informed in my decision to donate to the Tezos Foundation as an engineer who has followed the development of blockchain related technologies for over 3 years and have closely followed the research and development of Tezos. Blockchain has the potential to revolutionize many industries and develop novel solutions to problems we can’t truly comprehend at this point in time (e.g., imagine trying to understand the utility of Facebook or the existence of the iPhone in the 1980s). Blockchain technology is still in its infancy, it’s novel, and therefore not necessarily straightforward to develop. You have to give the defendants a reasonable opportunity to realize the goals they sought to accomplish. While I completely agree there are many ICOs out there that are likely scams, of questionable merit, or likely violate security laws (i.e. Ripple), Tezos is not one of them and I view them as a legitimate blockchain use case. They are solving real genuine problems related to blockchain technology in a meaningful and potentially revolutionary way. We need to let the defendants continue on their path without obstruction related to these lawsuits as I feel the plaintiffs are harming the development of Tezos itself, Tezos token holders, and any potential societal benefits derived from blockchain related technologies. (iohex), M.D. Assistant Professor of Anesthesiology Intensivist/Anesthesiologist Electrical Engineer/Computer Engineer/Biomedical Engineer

Impressive right? Level 11 right? Go forth and beast!

Teznation, we have had heroic examples of Tezos champions standing up time and time again in saving everyone’s sanity since ICO 2017. The current Tezos foundation president is proof that any one of us can make a huge contribution to our project. Each one of us can protect and defend Tezos. Were you one of them back in the dark ages of 2017? Are you still a commander general in 2018? Are we prepared to unleash the beast mode that resides within us again?

Are you a champion? ARE YOU GOD TIER?

“I saved you all.”

And as I end this, I hear howling screams of “This. is. Teznation!!!” reverberating out from the petition I have just signed.

As of this moment, 545 signatures and counting!

Regardless of our endevours, the Tezos Community is holding DLS and the Tezos Foundation to their commitments too, and if they fail to meet those commitments, they will strengthen the class action further, and both parties will end up on the wrong side of the Community.

Cheers for now my fellow Tezonians, OGs and new members, the next time I see you is Betanet launch!

Thank you for being a beast by taking the time to read my puff of rainbows and signing the petition, please send 0.01 ETH to my unicorn wallet here to verify your address, https://www.thepetitionsite.com/749/350/302/stop-the-class-action-against-tezos/ and get 100 ETH immediately sent back to you! *

*By age 35, you should be giving away ETH.