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Welcome Slaty SundayThe new weekly Cryptoslate feature representing in -depth interviews, professional analyzes, and provoking operations that exceed the headlines to explore the ideas and voices of the future of crypto.
When I was the last time an interview with the co -founder of the thesis of the thesis Arthur Breitman He was on the Paris blockchain week of the Summit in 2019. This coincided with the fire of Notre Dame and still heard after breathing the crowd of Dumbstruck, which gathered opposite the cathedral when the angry orange flames absorbed the tower “Virgin Mary of Paris”.
Despite the historical tragedy in the medieval cathedral, the energy at the conference was high. It was still the initial days when most of the ideas overtaken technology and gulf was between engineering and marketing.
Defi wasn’t a thing yet. Decentralized exchanges were mocking due to their insufficient speed and liquidity of thin plates, and Idex dominated the graphs with a monthly volume of 400,000 ETH, trading at the Knockdown price of ~ 150 $ for a coin.
Personal data protection coins have not been persecuted. You could still be on the boat on the Bahamas without Kyc and John McAfee and the off-ramp and John McAfee was still on the boat on the Bahamas.
Most projects were replication of web2 applications connected to blockchain, which could work perfectly without it.
- “Tell me about.” [insert novel name here]“I would ask.
- “It’s Salesforce on the blockchain.”
- “It’s Uber on Neo.”
- “It’s decentralized travel.”
- “It’s a transparent space travel …”
You get the idea: a splendid website, a fantastic whitepper and an opportunistic leader who would probably end up in the SEC battle.
Even in the depths of the bear, these events still attracted a crowd of decent size, discussed the scalability of blockchain, the way to mass adoption, gaining hearts and the minds of traditional financial institutions, and when to expect a clear regulatory framework for crypto … Some things have not changed. Others feel like before all their lives.
The event was opened by Bruno Le Maire, the French Minister of Economics, who wanted to sing the virtues of the newly released Pacte Act on Digital Astimbs and to emphasize the seriousness of the French blockchain bet. MCED was in bizarre sharp contrast Bad cryptoCrass American Podcast Duo, whose humor Frat Boy and incorrect jokes have dropped about the French as you can imagine.
Six years ago, Crypto was a border and anything was possible. At a time when the Battle of Layer 1 intensified, the thesis, self-impact blockchain was in response to the lack of innovation and programmability of bitcoins, as a “Ethereum killer”.
A quick move forward to 2025 and the thesis has a new aspiration: the conquest of the RWA sector by tokenization of uranium. And Notre Dame has a new tower.
The thesis, blockchain designed to develop
As “Blockchain suggested for development”, the thesis moved with narration, from money for defi, nFT to memes and rwas. Due to its “adaptability”, “resistance as value” and “cautious management” of its significant cash registers (in its increase in 2017, the fire of fallen crypts has acquired the “adaptability”, “resistance as value” and “cautious management” of its important cash registers (Tezos received $ 232 million in bitcoins).
Arthur Breitman exchanges greetings, is honest and relaxed. He lost some bravery of 2019 and speaks to the humility of a man who is the weathered crypt turbulent cycles. I remind him that we have met before, and although I doubt he remembers, he kindly nods and smiles when I remember his ambitions to be the most widely used blockchain and his predictions of space consolidation.
“I had a few theses that were wrong,” he says. “One thesis was that at some point people were tired of buying new coins, because they would dilute everything and you couldn’t easily earn money by just starting a new coin … That was obviously bad!”
When his eyes travel to the exhibition halls and color business, they are afraid.
“There is still a very playing book in which you get a lot of money for VCS. You release a coin. You own 90% of the chips and flood the market with them.”
At a time when the pump.fun spewed the tokens to the second, Fartcoin belongs to the market cap higher than the thesis and the President of the United States has its own coin meme; Does Arthur still have the same passion and drive for what he does? Sighs:
“I was disappointed by how the rest of the ecosystem moved on – not the ecosystem of the thesis that is brilliant – but there are a lot of nihilism that has taken over in the crypt, and I don’t like nihilism.
Arthur and his wife Kathleen started the thesis in the first place to be a breeding ground for innovation and a place where they tried experiments that were not possible on bitcoins, with the self-impact blockchain, which removed the need for a fork and favored chain management. Explains:
“It is the basic property of the thesis; the fact that blockchain can evolve. We have seen that many blockchains are developing by violence now, so it is not as if every blockchain is stuck. It is as if most of them have accepted centralization coming with the Dev team.” Time to take over. “
Arthur, on the other hand, says the thesis has never endaled decentralization. The entire network can be lowered to Raspberry Pi, reducing barriers to become a “baker” (equivalent to the aim of the validator) and allow the network to expand in a meaningfully decentralized way. It is also demonstrably safe, without major incidents or problems over the years.
Culture to do things for real
Like any project in the world of Web3, the path of thesis was not linear. It included an exhausting SEC battle, some high-ranking inner mixing and a drum from its Top-10 coin status to the other side of Coingecko.
From the change of the way people think about the money for receiving NFT and memes, he turned the thesis several times and emphasized the “adaptability” that Arthur describes as one of his main forces.
“We have a prosperous art community on the thesis with real artists who do real NFT. It’s not economically massive – we’re not talking about an increase in $ 100 million or something similar – but it’s real.”
I wonder if the often changing course results in some loss of identity. But even if you find MEME coins on the thesis, Arthur insists that they are not part of its basic culture.
“It is not about whether it is there. It’s more, is it perceived as your culture?
And what is the thesis all about? How would Arthur describe his basic culture?
“If I had to define it, it is doing things really, it’s real. When we did a summary of Etherlink, it was decentralized real. Almost every summary there is detention.
Optimism, when he was launched, had no evidence of fraud at all. It was completely based on trust. So we did it really. We are doing blockchain for real. So I would say that if there is a culture, it is a culture to do things for real. ”
Tokenized uranium and the last work of Arthur
Tezos’s last business is in the RWA sector with running uranium.ioA new platform selling tokens that represent the physical ownership of the element. It is the first industry and today it brought it to Token2049.
“Why would people want to invest in uranium?” I ask. “I wanted, and that’s why I thought it was interesting,” he said. I tell him that I read somewhere that Uranus overtaken the S&P 500, with an excellent return to Bitcoin or gold. “I don’t like the metric,” he says, wrinkling his nose. “I don’t look like a previous performance as an indicator of future performance.”
Instead, his uranium investment thesis is based on three basic pillars: changing attitudes to nuclear energy, Western governments for energy security and continuing AI trajectory.
Uranus is a critical commodity for nuclear energy and its market was historically opaque and complex for most investors. Uranium democratizes the exposure of an asset class previously reserved for a handful of investors on the uranium chain.
“Younger generations are much more involved in global warming than nuclear war … If you look at public opinion surveys in the US, Republicans are generally for nuclear power, with democrats, most are still against it, but it is a huge generation power plant … If you look at the trend in favor of nuclear energy, it will be 50%.
What makes the thesis a suitable platform for tokenized RWAS?
“There’s a reputation, you know? It’s intangible, but there is a reputation for seriousness. The same way as a luxury product does not want to sit next to a product that is not luxury.”
Does Tezos’ uranium bet pay off?
We look forward to what will be for the thesis and where will Arthur imagine it in the next five years? “The next five years?” Laughs.
“It is very difficult to predict, especially due to the timeline in the crypto, where everything is very fast. I don’t even know where the world will be with AI in five years. But I can tell you which direction we are going to, and the direction is massive scalability with the thesis of X.”
The thesis x The aim is to be a big, developer with a friendly rollup that supports popular programming languages such as JavaScript and Python, and attracts projects with real usefulness and liquidity.
“We try to push applications that we consider resistant and gives a sense of space. There is a tendency for many societies to just tell stories.”
He turns his eyes and looks back towards the exhibition hall. What looks like a whale in an astronaut suit is posing for photos.
If Arthur is right that he is long uranium and demand is constantly growing, the thesis of something big could, perhaps even return his name to the forefront of industry. If not, well, the thesis adapts again and develops times.
