Odd Lots Arthur Breitman on the Biggest Problems in Blockchain Design
4 snips
May 20, 2022 Arthur Breitman, co-founder of the Tezos blockchain project, dives into the complexities of blockchain technology and decentralized finance. He addresses the gap between idealistic blockchain visions and the real-world challenges they face. The conversation touches on value creation in DeFi, the importance of liquidity, and how blockchain can enable secure cross-border transactions. Arthur also discusses trust dynamics and the technical hurdles of achieving interoperability between various blockchains, making it clear that there's much more to crypto than meets the eye.
AI Snips
Chapters
Transcript
Episode notes
Crypto's Potential to Reduce Fees
- Crypto can reduce financial system fees by removing intermediaries and the associated fraud monitoring costs.
- It can also democratize access to financial products, fostering faster innovation.
Plastic Bags on a Blockchain
- Arthur Breitman shared a story about a talk where he mocked putting plastic bags on a blockchain to save turtles.
- Ironically, someone later pitched him that exact idea.
Opportunistic Fees
- Traditional finance intermediaries like to profit, and fees are sometimes opportunistic rather than purely cost-based.
- Removing trust and increasing competition through blockchain can limit these opportunistic fees.