Does Liquid Democracy Work? Arthur Breitman of Tezos on its Inner Workings, How it's a Digital Republic, and Consequences for the Future of Blockchain

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Untold Stories

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Arthur Breitman, founder of Tezos, joins Charlie Shrem on this week’s episode of Untold Stories. He explains how Tezos is trying to create a true digital commonwealth by incorporating liquid democracy and POS. Tezos has successfully completed two consensus votes so far and is preparing for its third, all in the span of a few years. Arthur describes his passion for self-amending systems, limited governance and the need to account for innovation while staying decentralized. He explains the difference between implicit and originated accounts. Arthur also delves on the issue of limited feedback due to the development of infrastructure outpacing demand in the crypto space. Last but not least he discusses the best use cases for Tezos in the future which includes prediction markets, gaming, P2P insurance and more. --- CryptoTaxAudit This episode is sponsored by CryptoTaxAudit. Clinton Donnelly from Donnelly Tax Law will talk about how to prepare a great crypto tax return that defends you from the IRS. Author of five books on crypto tax preparation for Americans, he has tremendous insight into how to defend oneself from the IRS. He is an expert in anti-money laundering reporting for individuals. His firm has done hundreds of crypto returns and over 900 tax amnesty returns with a 100% success rate.   Donnelly Tax Law specializes in complex crypto tax return preparation. No situation is too complex. The firm also offers CryptoTaxAudit which is a IRS defense offering design for the needs of crypto traders. Schedule a consultation now at DonnellyTaxLaw.com. --- eToro This episode of Untold Stories is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join myself and 11 million other traders and create an account at eToro.com and build your crypto portfolio the smart way. --- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe.This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io