> >**Governance** - the act or activity of looking after and making decisions about something -- Merriam-Webster.com

Those wary of the complexity, inequities and corruption of govern-**ment** tend to also be wary of the idea of govern-**ance**. But there's no way around it: Governance (by the above definition) happens one way or the other, because otherwise **stuff** just **happens**. Not an optimum scene, for sure.

Arthur Breitman, CT0 and lead developer of Tezos, started thinking about this years ago, and started developing Tezos as a way to account for the inevitable need to adapt the means of decision-making and action within a decentralized cryptocurrency environment.

In this episode we try to take a simpleton's approach to examining Bitcoin and related currencies in a way most anyone can follow, and then examine the factors that need to be managed in any decentralized cryptocurrency system, and start to examine how Tezos deals with these points.

I say "start," because we could only get so far in one hour. There's more to come, but you don't want to miss this one, for sure.

#### Music

Bumper music: *Rocket Power* by Kevin MacLeod.

#### Links

[Tezos site](https://tezos.com)

[Other interviews with Arthur](https://www.youtube.com/results?search_query=tezos)

[Tezos Position Paper](https://tezos.com/pdf/position_paper.pdf)

[Tezos Whitepaper](https://tezos.com/pdf/white_paper.pdf)

[Current Update Info on differences since above papers](https://medium.com/@arthurb/diff-2014-tezos-2017-tezos-1cb566cca892)