Real Value Is in Distribution, Not Tokens

In this conversation with host Sri Misra, Arthur Breitman, Co-Founder, Tezos uses a brilliant metaphor to explain why most crypto tokens, even well-designed ones like Uniswap, struggle with value capture. The contract is commodity; distribution is proprietary.Key insights:👉Why Uniswap's front-end captures more value than its token👉 The "toll booth in an open field" problem👉Why deployed contracts are commodities👉Distribution vs. protocol valueThis is essential viewing for anyone building tokenomics.Watch the full conversation: unhashed.co/arthur