Tezos Co-founder Kathleen Breitman on Why She Believes Tezos is the Future
In an appearance on Bloomberg's technology program, Tezos co-founder Kathleen Breitman gave her perspective on why Tezos' governance is so important.
350 words, 2 minute read
In an appearance on Bloomberg’s technology program, Tezos co-founder Kathleen Breitman spoke to Emily Chang and Sonali Basa and gave her perspective on why she thinks Tezos’ governance system sets it apart. She also discussed Elon Musk’s bid for Twitter, and the potential of Web3 for decentralized social media. Extracts below.
Why Tezos, instead of Bitcoin or Ethereum?
Tezos addresses a problem that both Bitcoin and Ethereum have been unable to solve, which is that it has a formal governance mechanism for ratifying and instantiating upgrades to the protocol. This happens on the fly, it happens seamlessly, and in fact it’s happened nine times without any drama […].
I think Tezos is the only blockchain that really addresses this issue of stasis in the codebase, which is why I think it’s the future. To date, Bitcoin and Ethereum have done a lot of overpromising and underdelivering in terms of technical instantiations and we’ve seen the limitations of that over the last year or so when Ethereum has come under scrutiny for having large energy consumption but has still failed to upgrade itself to Proof of Stake, which it’s been promising since 2014.
On Elon Musk owning Twitter:
Tezos right now feels like Greenwich Village in the 1960s, all the cool kids are hanging out there and minting a lot of art, […] and Twitter has been excellent for discussion about this in the cryptocurrency space where the project gets a lot of air time that it wouldn’t otherwise […] so I’m in for the Thunderdome Elon Musk version of Twitter, where censorship doesn’t happen.
On Web3 as a platform for social media:
I think a lot of the projects that are trying to do social alternatives on a blockchain have been mostly reactions from right-wing people who’ve been largely banned on Twitter, and the problem with that is they often say very odious things. I do think that once it stops being championed by repugnant people that most of society don’t like, it’ll actually take off.