Why TzLibre

Tezos is a great, disruptive idea. We believe KYC-Tezos is the wrong way to implement it.
Specifically, we recognize these major flaws in KYC-Tezos:

KYC

Tezos Stiftung is trying to introduce retroactive KYC and to impose new Terms & Conditions upon us ICO contributors, while at the same time refusing to issue us any refund. This attempt is unethical (it's retroactive, contributors were not informed beforehand), humiliating (pushed under the threat of spoliation), dangerous (it violates contributors privacy putting them in danger, and it compromises the privacy of all Bitcoin and Ethereum users), disastrous (a permissioned blockchain is useless: it's just a distributed database), unfair (the new Terms & Conditions force contributors to give up all their rights). Blockchains should be permissionless. We consider a permissioned, KYC-based "blockchain" as an outright scam no one should partake in.

No hard cap

XTZ supply is not hard-capped. Instead, XTZ supply is constantly inflated ad infinitum.

Via on-chain governance the inflation rate can be increased automatically, without even the need for an explicit hard fork (as in a traditional blockchain). Unsophisticated users might not even notice the increase of monetary base. This is eerily similar to how fiat currencies are debased. We predict that, using Keynesian talking points, special interests will soon begin to push their own agenda to inflate the XTZ money supply, and thus dilute ICO contributors.

Premined coins

20% of XTZ supply is premined out of thin air and assigned for free to Tezos Stiftung (TS) and DLS.

This is unfair to ICO contributors, who had to pay a high price to buy their XTZ. It also opens an attack vector: TS/DLS can be coerced into dumping their stake onto the market, potentially driving XTZ price to zero. They could also be forced to transfer their stake to an attacker who could then use it to manipulate XTZ market price.

Tezos Stiftung now holds more than $500M in contributions: this is more than enough to fund competing teams developing the Tezos idea. Premined coins are not only unnecessary: they directly harm the financial interest of ICO contributors.

No pre-launch token

DLS has deliberately deprived investors of liquidity, while at same time announcing and missing launch at least three times. In the meanwhile, Tezos has been losing a substantial market share to the EOS pre-launch token. By choosing not to issue a pre-launch token, DLS harmed the best interest of ICO contributors.

Tyranny of the majority

KYC-Tezos on-chain governance is based on unrestricted voting power. Unrestricted democracy is an obviously broken governance model. The problem with such governance mechanism is the so called "tyranny of the majority" or "mob rule". Constitutions exist to define boundaries and protect non-negotiable rights.

In KYC-Tezos a majority can vote to inflate the money supply, censor a specific address, or manipulate a smart contract.

Not trustless

KYC-Tezos is not trustless, and is therefore not resilient to manipulation.

Tezos Stiftung, DLS and its developers are trusted parties holding special powers in the network: veto, big voting stake, strong influence over other community members, and more. They also hold fiat funds, and are all under government jurisdiction and scrutiny. These attack vectors can be easily exploited by an adversary who's able to coerce TS/DLS into implementing a specific agenda (e.g. a government agency enforcing financial regulation).

A blockchain is only useful when it's trustless. Otherwise it's just a slow and expensive database. We consider KYC-Tezos an innovative distributed, trusted database. It's just a matter of time until KYC-Tezos own "DAO event", where TS/DLS will be coerced by some government agency to censor or manipulate a smart contract.

Monopoly

As long as KYC-Tezos is the only Tezos implementation, it holds a de-facto monopoly over ICO funds as well as over potential users. Monopoly breeds inefficiency: delays, missed deadlines and governance failures are its direct consequences. This monopoly benefits a special group, but it hurts contributors. A monopoly on TS funds serves DLS interests better than contributors interests.

Centralization of stake

PoS is still experimental technology. In a PoS consensus blockchain, decentralization of stake is a vital security requirement. In KYC-Tezos 20% of coins are premined and assigned to Tezos Stiftung and DLS, creating dangerous centralization of stake and undermining the security of the consensus protocol.

Closed-source

DLS has more than once shown disregard for basic blockchain ethos. The publicly available source code has not been explicitly released under an open-source license. Parts of the codebase are obfuscated, and source not human-readable. Closed-source defies the basic blockchain principle of open-source, trustless, verifiable code.

Tracking

Tezos Stiftung tracks users with third party tools (e.g. Google Analytics) on its websites. Additionally, TS may collected contributors emails at contribution time. This means KYC-Tezos transactions can be easily de-anonymized by TS.

Censorship

A deliberate effort is underway to conflate Tezos with KYC-Tezos and stop the conversation about alternative implementations. We are banned from reaching out to Tezos ICO contributors on any Tezos community outlet (Reddit, Riot, Telegram). Administrators of those groups spread FUD around TzLibre and went as far as using our pseudonym to lure unsuspecting users into providing private contribution data in order to create confusion ( we will never ask for your private contribution data).

Blockchain's raison d'être is censorship resistance. A true blockchain community should welcome open discussion, free market competition, permissionless innovation, alternative implementations. A blockchain community that deploys censorship is a failed one.

What is TzLibre

TzLibre is a trustless and hard-capped implementation of Tezos. It is based on a fork of KYC-Tezos: it shares with it the underlying technology. The TzLibre blockchain is alternative to, and not compatible with, the KYC-Tezos blockchain.

TzLibre has been created to run Michelson smart contracts with strong requirements of immutability and uncensorability.

TZL allocation

763,306,929.68
Hard cap
607,489,040.89
ICO contributors
155,817,888.79
bakers

Main differences

The main differences with KYC-Tezos are:

No KYC

TzLibre is 100% permissionless, with no KYC. Any Tezos contributor can redeem TZL tokens regardless of their KYC status. As Tezos ICO contributors we even refuse to undergo KYC to claim our own XTZ, and we protect and support all contributors who refuse to KYC. We are developing solutions to allow for XTZ redemption without KYC with an escrow-based private keys marketplace. We also won't agree to the new Terms & Conditions, and we're planning legal action against Tezos Stiftung for their outrageous KYC attempt.

Hard cap

TzLibre has a hard-capped supply of 763,306,929.68 coins. The hard cap is a non-negotiable, hardcoded rule: it can't be changed via on-chain governance.

No premine

No coins are created out of thin air and assigned for free to special groups. Tezos ICO contributors are more protected because TZL coins are more evenly distributed. TZL coins are more valuable because, unlike KYC-Tezos, TzLibre founders don't get any free coin.

Pre-launch token

Following the EOS example, TzLibre will issue a pre-launch token to provide immediate liquidity to ICO contributors and prepare for launching the network. The pre-launch token is a placeholder for the TzLibre genesis block. Thanks to the pre-launch token, TzLibre will not depend on KYC-Tezos genesis block (which will be blinded, thus hard to fork).

Trustless

Unlike KYC-Tezos, no one holds special veto powers in TzLibre on-chain governance decisions. All voters are equal and vote with their stake. There are no premined coins in TzLibre: founders can't influence decisions with their own stake.

Following Satoshi's example, TzLibre founders are pseudonymous to stay protected from undue pressure, coercion and special interests. TzLibre development team is open, with no developer in charge, and no private company behind.

Hardcoded Constitution

TzLibre adds a hardcoded on-chain Constitution to on-chain governance. It is a set of immutable norms encoded in the protocol. These rules are hardcoded and non-negotiable. They can't be changed with on-chain governance.

Some of these rules are:

  • 763,306,929.68 coins hard cap
  • smart contracts immutability
  • transactions irreversibility
  • addresses uncensorability

Off-chain Schelling fences

Reliable blockchains, such as Bitcoin or Ethereum Classic, are trustless. Any trustless blockchain needs strong Schelling fences: an unbreakable social consensus on non-negotiable rules.

The TzLibre Schelling fences are:

  • No forks
    To protect the network from social attacks, we shall never fork. The TzLibre network will upgrade only via on-chain governance. Forks shall only be permitted for fixing fatal issues within the on-chain governance protocol.
  • Trustless governance
    As soon as the developer community is mature, TzLibre founders will cease to hold an operational role and will only maintain an oversight role. No single developer will ever be in charge.
  • Full pseudonymity
    To be protected from coercion and undue pressure, all TzLibre developers must maintain absolute pseudonymity. In our community code will only be evaluated by its quality. No trusted entity or company will be accepted by the TzLibre community.

Decentralized stake

As with KYC-Tezos, TzLibre is also based on PoS consensus. Decentralization of stake is therefore of vital importance for the security of the network. By removing 20% of coins (TS/DLS premine), TzLibre stake is more evenly spread across multiple entities. Consensus is therefore more secure and harder to tamper with.

Compared to other forks

Ethereum Ethereum
Classic
Underlying technology EVM EVM
Market capitalization $60bn $2bn
Cheap transactions
No free coins to founders
Hard cap
Transaction immutability
Trustless governance
Opposes hard forks
Zcash ZClassic
Underlying technology Zcash Zcash
Market capitalization $1bn $60M
Cheap transactions
No free coins to founders
Bitcoin Bitcoin
Cash
Underlying technology Bitcoin Bitcoin
Market capitalization $140bn $20bn
Cheap transactions
KYC-Tezos TzLibre
Underlying technology Tezos Tezos
Estimated market cap $2bn ?
Cheap transactions
No free coins to founders
Hard cap
Transaction immutability
Trustless governance
Opposes hard forks

How to claim

All Tezos ICO contributors can get TZL coins (aka "Libre tezzies") at a 1:1 ratio with their XTZ coins (aka "KYC tezzies"). To do so, they must claim their coins.

We' wi'll post detailed claim instructions on our public Telegram channel.

Do not share your sensitive data (private key, seed words, password, email) with us nor with anyone else. We will never ask for your private data. We will never contact you privately to ask for money or sensitive data. Please report us any phishing attempt.

Join us on Telegram

Timeframe

TZL claim will start as soon as our public Telegram channel hits 1000 members to ensure sufficient critical mass. The opening and closing of the claim timeframe will be announced on our public Telegram channel.

About us

Who we are

We are a team of early Tezos investors, veteran blockchain developers, and academics.

We are dreamers of a new society, where smart contracts and protocols replace politicians and lawyers. We believe decentralized governance is the right path to build our vision. We are pseudonymous to protect our operational freedom from any undue pressure.

Our code speaks louder than words: don't trust us, verify it.

Our community

We are building a healthy, inclusive, respectful community to move TzLibre forward.

We believe a disruptive technology can have one foundation only: a productive community of good people, with no masters or slaves. We'll retain an operational role until the community is mature enough. We plan to then step back and only provide oversight.

Our philosophy

Our background is free market anarcho-capitalism, and we believe Bitcoin is a milestone in human evolution toward freedom.

We firmly oppose statism and its favourite weapon: inflation. We want to build a world without trusted parties, based purely on merit. We fight for transparency and the free market of ideas, goods and services.

We oppose monopolies in every shape or form, and we don't believe in copyright. We dream of a world without governments, borders, passports: a really, fully decentralized world.

Read our manifesto

Follow us

Join our public Telegram channel to get our official news, read previous announcements, and get in touch with us.

Join us on Telegram

You can also contact us privately via Telegram or Reddit, or write us at tzlibre@protonmail.com ( pgp key )

Support us

TzLibre is a self-funded grassroots effort driven by ideals. We chose not to premine coins to ourselves. Please support us with an ETC donation to our Ethereum Classic address:

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