In this podcast episode, Nicolas Ochem, a Tezos core developer and founder of Midl.Dev explains the upcoming Oxford upgrade and the concept of adaptive issuance in the Tezos ecosystem. Ochem contrasts Tezos' on-chain governance approach to off-chain methods used in protocols like Bitcoin and Ethereum. He also discusses how adaptive issuance aims to optimize validator incentives and improve the protocol's security. He provides insight into Tezos' thoughts on liquidity, the scalability of blockchains, and the role of rollups in scaling solutions. The interview also touches on subjects such as tokenomics, the impact of AI on blockchain development, and the future of blockchain adoption.Outline:00:00 Introduction00:48 Discussion on On-Chain Governance06:47 Exploring the Oxford Proposal09:14 Understanding Liquid Staking in Tezos12:31 Adaptive Issuance and Changes to Slashing21:34 Skin in the Game and Changes in Staking24:06 Discussion on Liquid Staking Derivatives27:44 Transition from Nakamoto to TenderBake Consensus Protocol28:59 The Shift to pBFT Style Consensus and its Advantages29:42 Future Plans for Reducing Finality to a Block Time30:12 Understanding the Tez Token and its Value31:08 The Concept of Ultrasound Money and its Implications32:04 The Importance of Adaptive Issuance and Sound Money34:09 The Future of Scalability in the Blockchain Ecosystem34:30 The Rationale Behind Tezos' Rollup Centric Approach41:13 The Concept of Ultra High Throughput Rollup47:56 Adoption and the Blockchain Industry50:38: Where Is the One Honest Party for a Rollup?53:44 Governance: Pure Technical Upgrades vs. Upgrades with Economic Implications57:30 ConclusionFollow Laura & Sooraj: / dimoneymindset / soorajksaju2 Connect with Nicolas:Twitter: / nicolasochem https://midl.dev/Subscribe to the FREE daily Newsletter “Just The Metrics”:https://justthemetrics.beehiiv.com/Referenced in the show:https://www.apriorit.com/dev-blog/blo...https://spotlight.tezos.com/announcin...https://www.tezosagora.org/learnhttps://research-development.nomadic-...https://forum.tezosagora.org/t/adapti... • Kevin Sekniqi & Sreeram Kannan || Sec... https://twitter.com/evan_van_ness/sta...https://research-development.nomadic-...https://blog.chain.link/scaling-the-e...https://academy.binance.com/en/glossa...https://justthemetrics.beehiiv.com/p/...https://l2beat.com/scaling/summaryhttps://academy.shrimpy.io/post/what-...https://chainstack.com/solving-the-bl...https://vitalik.ca/general/2023/06/09... • Tezos 2.0: The Next Era of Rollups - ... https://docs.sui.io/guides/operator/s...https://spotlight.tezos.com/etherlink...https://www.michelson.org/https://www.developerreport.com/https://nfthorizon.io/musee-dorsay-pa...https://xtz.news/en/tezos/moma/the-mo...