Host Sri Misra speaks with Arthur Breitman, Co-founder of Tezos, on why most blockchain projects fail the TVL game and how Tezos is building sustainable liquidity through real assets like tokenized uranium instead of chasing mercenary capital.Topics covered:👉The TVL trap: incentives that spike and disappear👉Why Etherlink focuses on products not available elsewhere👉XU308: tokenized physical uranium on Tezos👉Building DeFi that lasts vs. degen playsWatch the full conversation: unhashed.co/arthur

"Most blockchains have no reason to exist." Arthur Breitman, Co-Founder of Tezos and former Goldman Sachs quant, doesn't hold back on the state of crypto in 2025. In this episode, we explore on-chain governance, the real tokenization opportunity, and why Tezos is betting on tokenized uranium.Arthur Breitman has been building in crypto since 2014, surviving multiple bear markets and shipping 19 forkless protocol upgrades through binding on-chain governance. In this wide-ranging conversation with Sri on alpha un#, Arthur dismantles the narratives driving most blockchain projects, from special-purpose chains that exist only to sell tokens to play-to-earn games that function as pyramid schemes.

He explains why Ethereum's fork-based governance is actually centralized, how Etherlink achieves sub-second finality as the only non-custodial EVM Layer 2, and why Tezos tokenized physical uranium instead of chasing yet another DeFi token. From his background in quantitative finance at Morgan Stanley to leading Trilitech in London, Arthur brings a rare systems-thinking approach to blockchain infrastructure. This episode delivers contrarian takes on DeFi tokenomics, the $30 trillion RWA opportunity, and what "scaling without compromise" actually means when AI makes intelligence cheap and physical commodities valuable.What You'll Learn:👉Why Arthur believes most blockchains and crypto tokens have no legitimate use case beyond selling tokens👉How Tezos's binding on-chain governance enabled 19 upgrades without hard forks, and why Ethereum's model is centralized👉The strategy behind Uranium.io, reducing uranium investment minimums from $4.2 million to $10 through tokenization👉Why Etherlink uses XTZ as native gas instead of launching a separate L2 token, preventing value leakage👉Arthur's framework for evaluating real-world asset tokenization and why most RWA projects miss the point👉How mercenary capital kills sustainable DeFi growth and what Tezos does differently with liquidity incentives
#CryptoInfrastructure #BlockchainInnovation #Web3 #CryptoInterview #AlphaUnhashed #TezosEcosystem #SmartContracts #DecentralizedGovernance #CryptoOG #BlockchainFounder #TrilliTech #EthereumAlternative #L2Scaling #NonCustodialRollup #CryptoRealism #BlockchainNarrativesDisclaimer: The information presented is for educational purposes only. Views expressed are those of the speakers, not necessarily the channel. You are responsible for your own research and decisions.Copyright: © 2024 Aarna AI Pte Ltd, Singapore. All rights reserved.

That Billions episode where characters use crypto to hide from the government? Host Sri Misra sits down with Mriganka Pattnaik, CEO of Merkle Science, who explains what they got wrong and what they got right about criminal use of cryptocurrency.

What They Got RIGHT:

• Criminals ARE early adopters of crypto

• Decentralized nature attracts both good and bad actors

• Easier than moving $5M in physical cash across borders

• Criminal activity follows mainstream adoption

What They Got WRONG:

• Everything IS visible on-chain

• On-ramps and off-ramps are monitored

• Sophisticated analytics can trace movements

• It's actually harder to hide than most think

Full Episode at: unhashed.co/mriganka