Tezos White Paper meets Google's new NotebookLM

Tezos is a cryptocurrency that dared to ask "What if we could upgrade money itself?"

And its creators were asking this question way back in 2014, before most people even knew what Bitcoin was.

What is on chain governance?

Changes to the system are decided by voting. It's more democratic and controlled.

What is proof of stake?

Proof of stake is the system Tezos has that incentivises users to be miners (or stakeholders)

Instead of just solving equations to get coins, you have a vested interest in the currency's success.

Tezos as a tool for collective action

Think about things like funding public goods, like parks or libraries or coordinating large scale charitable efforts.

Traditionally these things are incredibly difficult to pull off because you need a ton of people to agree on how to spend their money.

With on-chain governance, tezos stakeholders could vote to allocate a small percentage of the total currency towards a common goal - effectively creating a built-in mechanism for collective action!

Fascinating possibilities

Imagine for example, a world where a cryptocurrency could automatically adjust its own supply in response to economic conditions, preventing things like hyperinflation.

You don't need to imagine, Tezos is already adapting its own supply via on-chain votes from the Tezos community.

Below is a chart showing various issuance curves being voted on by the Tezos community right now.

The original Tezos White paper

Haven't tried Google's new NotebookLM yet?

You really should, it's quite fun!