hi this is Charles Hoskinson broadcasting live from warm sunny Colorado it's about 6:05 p.m. and there's snow outside but I still was able to run around and enjoy life here I'm just fresh back from Vegas I went to three different conferences a very short period of time coin agenda the litecoin Foundation official summit conference thingy and of course CCE something anyway that won't listen too good but it was great to meet a lot of interesting people Charlie Shrem was there a lot of old friends were there they had a poker tournament at the old Mike Tyson mansion apparently there was something involving cardi B but I didn't have a chance to go because she performed it two o'clock in the morning and I liked sleep more than cardi B sorry cardi and anyway it was just a wonderful wonderful diversion and a great opportunity to get to meet some new faces see some old faces and kind of see what the state of the crypto space happens to be I I did miss blockchain week in San Francisco so if any of you attended that or you know as someone who attended send me a tweet or sent a telegram me and let me know how that event was alright so where are we what's going on it's November this is the month that we'd like to actually start doing some stuff with the incentivize test that and I think you guys want to do that too okay so here's where rat we launched the instead of AI the network to test net last month and we've learned an enormous amount since we launched it we've done I think probably 20 releases or something like that it's I'm losing track at this point both internal and external we've managed to correct an enormous amount of bugs we've also mentioned learn a lot about certain protocols for example poulter casts in general was a protocol that we really wanted to prototype we have a relationship with one of the principal author bureaus and we really wanted to see what that protocol could be there's also in January when we released the shellye test net we're going to learn a heck of a lot there - from what the Haskell team has come up with on the network side and my hope is some sort of Hegelian dialectic some sort of hegelian sis assist where these two different approaches can be blended together and create a really cool peer-to-peer system with pub/sub that's quite scalable and it dynamically adjusts pure connections and bandwidth throttling and blacklisting and all kinds of things that you need to have a DDoS resistant gossip system so we did learn a lot and I thank the community for their tremendous patience and their desire to tear up as much as they possibly could you know they they certainly had a lot of fun playing with in network testing that I think we have now almost 3,000 people in the channel and every time I check if there's at least 500 messages I check it quite often so it's super cool to see that level of engagement over 1,000 issues were reported from questions comments concerns actual bugs design suggestions and so forth and we're already starting to see a whole ecosystem materialized of people who are getting ready to run state pools as a service Marcus has created a 3d printed case for a 5 watt of power rock pie enabled state pool we're right now collecting business requirements and starting to design the preliminary GUI for a state pool dashboard and making it much easier for people to have turnkey stateful deployment we're almost ready to launch our Explorer our Shelley Explorer and there'll be kind of two versions without a basic one and a more advanced one with more features and functionality and we've learned a lot about user experience we've learned a lot about requirements from those who desire to stake so where are we well right now we're trying to get the network test net as stable as we can and then we're going to branch into to test nets one of them will be kind of the stable test line the long-term release and that's the one we're going to do the air drop from the other ones that are kind of our experimental test net where we're just going to rapidly change things and add things including breaking changes so after 0.7 of Jormungandr stabilizes right now we released candidate for and probably have released candidate five this weekend or early next week what we're probably going to do is use that or successor as the basis for that stable Network test net which means that we're pretty confident that people have a good user with that along that same token the wallet back end the Haskell wallet back end is rapidly maturing to a point where it's about ready to be bundled with Jormungandr so instead of using Jormungandr for a wallet functionality will now use the Haskell wallet back end and as a consequence because that's connected to dead lists be able to actually pull mana GUI for the first time with the test net this is kind of the benchmark for the snapshot that legacy address support so we had a big internal discussion about basically how do we want to launch the internal test net we had two options one option was let's just pick a date say we're going to do a snapshot if you're there great if you're not there I don't have control of your keys well good riddens so sorry the other option would be doing a try a dry run so basically two snapshots so two snapshots is the one that we right now are preferring and so basically how this is going to work is that once we have the wallet back-end and Daedalus fully connected to Jormungandr and Jormungandr stable enough that we think a lot of people use it we're not too concerned about it what we're going to do is pick a date and tentatively and I'll say it three times tentatively tentatively tentatively we believe that dates probably somewhere around the 12th of November we're going to go ahead and pick a basically of a moment take that block and say this is the block we're going to do that snapshot from and that's going to be a dry rot so you'll be able to install a different version of Daedalus so test net instead of eyes Testament Daedalus and that version of Daedalus is basically your companion and it's going to be the thing that you try to restore your wallet into so if you have your keywords from your Daedalus wallet' and eventually your royal wallet because we'll support both then you should be able to restore your wallet in that test net devilís interface now if you can't do that there's something wrong which is why we're doing a dry run because it gives you some time to file a bug report to go to the forearms to talk to a bunch of people and try to figure out why can't you restore if you can't restore but you should be at that point from a snapshot then we'll run that Network for maybe a week or two just basically giving time to socialize and get people into that mindset hey I need to do something and then after we do that we're going to shut that Network down and then launch the actual incentivize test that at that point if you do not have control of your private keys at the time of the airdrop whoever does will be able to stay with that air-dropped ADA so just understand that so the this is a case that will most definitely come up if you leave your ADA on an exchange we have begun the conversation with many exchanges we're working our way through the top ten of the largest exchanges in the world and getting a sense of whether they wish to participate if they want to ask all for staking as a service they're there if they're gonna turn on some capability to let you withdraw test Nevada except for etc but as it stands right now the safest assumption you can make is that if your ADA is on an exchange when the snapshot happens the real snapshot you will not have access to that test not ADA and the exchange has no obligation to give you access to that test metadata so before the date of the snapshot make sure that you have access to your ADA by transferring it into either your oil orca Daedalus second you must have your keywords to restore into the test net so make sure you can restore your wallet this is why we're gonna probably do the two snapshot approach and that first snapshot is for you the user to be able to verify that you can actually restore your wallet none I can't do that for you these are your key words whoever has them has control over your ADA so you can't share them with people this is something you have to do if you want to participate in centralized test that so you must must must make sure you have those key words somewhere and those key words work and those key words are capable of restoring your wallet if it turns out you've lost them or for some reason you've misra tanam then that's a strong indicator you need to rotate wallets I create a new wallet move your ADA ballots from one to the other and make sure those key words work before the start of the second incentivize test not the for realz test that so we're pulling everything together we're stabilizing as many things as we can at the moment and we've gotten some great feedback and a great feedback loop and things are moving along quite well Pasco wallet back-end will be connected with Jormungandr Jormungandr will get stabilized and Daedalus will be connected with the bundle all three of those things together is one software unit and that's the GUI the wallet functionality and then of course the node which contains all the consensus mechanics it contains all the cryptography contains the ledger rules all the things that make card on a card on top and at that point it's a game of do you have access to your incentivize test and ADA and if you do then when the incentivize test net launches then happy staking the next step is of course go enter those keywords again restore your wallet in the for reals test net and then go ahead and select the state pool that you like and delegate to it or if you're a power user set up a stake pool and at that point we should have some great tooling documentation and other such things so in terms of education everything I'm saying here is going to be turned into YouTube videos blog posts and documentation that will be made publicly available likely on our test net website the IEEE ohk official channel and other channels as well okay so so if you didn't understand anything I said it's okay you'll have a second chance and a third chance and so forth and of course the forums are always available and of course read it's available and of course the telegram channels are available and there will always be people there happy to help right now as a user the only thing you need to do is just make sure you have your keywords and you have control of your ADA at the time of the snapshots if you wish to participate if you don't want to participate that's okay you don't need to do anything just leave your anything where it's at no one can take it from you nothing's gonna happen to it it's just kind of be the main net keep chugging away but if you want to participate you need to make sure you have your keywords and by the way it's real good practice to make sure you have those keywords because what happens if your hard drive clock collapses what happens if your laptop stolen what happens you lose your cell phone okay so it's always always good to make sure you have those keywords and those keywords are restorable so if you have any questions go to read it go to the forums go to telegram there's plenty of people to help you out but just make sure you have your keywords we're probably gonna do a to snapshot the way development velocity is looking we probably will be in a place to do that snapshot somewhere tentatively around November 12th there can be delays there however because it's contingent on the stabilizing of Jormungandr it's also contingent on how smoothly the integration of the haskell walnut back-end goes with Jormungandr and those last features that we need to pull them both together work well together are finished our car velocity says that's the time frame but there could be a slight delay there but not a significant one but there could be a delay for that first snapshot then we'll let you guys verify or store your wallet and of course last minute bug reports or things like that and then after everything is cleaned up one to two weeks we're gonna go ahead and do the main snapshot all the specific dates will be announced in our blog on our twitter feed and on youtube okay and there's one other question which is what about Ledger's support I put Danelle Patel one of our product managers to work with the ledger guys and work with our internal teams to see if it is possible for us to be able to restore a ledger wallet within Dedalus so basically ledger has 24 keywords as opposed to 15 with your ROI and 12 with Cardno we are following standards like 39 at bib 44 so hypothetically it may be but I need some assurances of that and then we'll see where that goes in the roadmap more likely than not when we launched the set of ice tests that the only wallet you'll be able to restore and endless is a Dedalus wallet now a Mirko has expressed intent to support the test net and they're working real hard to try to upgrade your ROI to have some these year so it's entirely possible that your ROI wallets will be restorable to the test net within Euro itself somehow but we don't have explicit confirmation of when and how that's going to happen and it's a mirko's place to make that official announcement that said we would like to enable the capability within the Daedalus wallet to restore a euro wallet in dental is n'ver geing to the same Keats design in the same address structure so it should be hypothetically possible to do that okay however it's not a guarantee if that feature will be at launch but it is a feature that will be put into that wallet back-end shortly after launch if it doesn't make launch okay so that's where we're at things are moving at lightning speed people aren't sleeping much we're running big clusters of tests and doing lots of cool things three releases minimum per week for happening right now and a huge amount of code is being written I think we're having commits every 30 minutes across to our teams so I'm real proud of that and I'm really proud of the nearly 3,000 people who are going along this journey with us and giving us great feedback and helping us along and giving us some helpful suggestions advice and if anything just asking questions for example the reddit threads that we created we got hundreds of questions there and we'd like to answer as many of them as we can but it's a process and I really like this process so many people also ask what is going to happen on the Haskell side so the Haskell side is moving along quite well we just released card out on one point seven many of you have tried Daedalus 15 and liked it like the news feed their Daedalus is certainly evolved quite a bit as a product and what's really exciting is we're getting bleeding lis clothes super close to replacing all of the CEREC l code and replacing Daedalus is back-end with the new Haskell back-end the new Haskell no the new Haskell wallet back-end which is considerably better code right now the order of operations will be upgrading the core notes and the relay nodes with the new code and we're negotiating a security audit right now most likely with route 9b they're a great vendor based in the East Coast a lot of them are ex NSA and CIA guys and really experience with static analysis and penetration testing and other techniques for information security and basically we gave them a big dump of repositories to go through and tear apart and tell us all the sins we've committed and we're going to go through that audit which will be available probably sometime in January and the findings of those audit will eventually be made public we of course have to remediate the findings prior to publication but once they're remediated then we will publish that so core node then relay node and then we'll push it to the edge nodes which is you the consumer so the next version of card ATO will likely be the full Byron rewritten node so the first hundred percent complete I which Kay written code and it's over a year of engineering and effort went into it the new network protocol the new bridge new Explorer capabilities it's a super exciting product and it's really really cool now in that same time period we're likely going to launch the Shelly Haskell test net which contains not just Biran functionality but all of the Shelly functionality inspired by the Haskell formal methods approach there are there is a delta between what your main ganders implemented especially on the networking side and what the Haskell team has implemented and so this is a great opportunity for the community to kind of take a look at the Delta between these two from everything from performance to network performance to memory utilization stability and a litany of other things and it means we as a community have some options there and then as we get closer to the launch of the main net will consolidate to one design philosophy and then merge everything there so we took the opportunity the fact that we had a separate code base to experiment a little bit with certain protocols that weren't quite in the specification but we felt would be useful longer term for example polar cast especially if polar cast is rewritten so the Haskell team has done a phenomenal job really turning things around and moving as quickly as Haskell allows it's a very difficult language to me quickly with but the team has really worked hard and it's very exciting to see the progress that's been made there and it's also incredibly exciting to say that come January there's a high probability we're going to have a release that has fully security audited and and formal methods verified Haskell code that has enormous improvements over the prior code base which is not our proudest moment that code but that's okay yeah that's how engineering works and also the technical debt is incredibly low and this code was built from the ground up for future proofing it's very easy to add things to it so that's where we're at we have the rest instead of eyes test net coming most likely this month tentatively November 12th is what we think we can do for the snapshot date we're pretty excited about it and things seem to be coming together for it it might slip a bit because just a lot of things have to be pulled together the velocity looks good but we might run it to a hiccup here and there something that came up that said we're real happy that there's just so many people participating a lot of videos are gonna be made by our education group a lot of documentation it's gonna be made and we're real happy that people are asking us great questions which help us write better documentation and work with people more precisely then after that snapshot is done and you guys either have access or you don't have access there'll be a flood of questions about this people will wake up then we'll announce the next snapshot date likely one two weeks off from that and then after that staking has begun okay so you're mining real ADA yeah you're launching real estate pools and you're building real commercial relationships with people and this will give us a great trial run to see if the economic models we've constructed the state pull mechanics we've constructed and all the things we thought were true are actually true so we're so we're real excited about that and we'll see where this goes all right so let's let's go ahead and take a look what you guys have here and of course the minute I say something people misinterpret it stipe cuts Cilic says so it seems that the incentivize tests that will not start in November I didn't say that if you know how to do math you see that still in November see I can say things over and over and over again people don't listen I hear what they want to hear and zocor out the Chow from Italy ciao ciao what is the benefit of participating aside from making sure your keys words work making sure your keywords work that's the benefit of participating if you think they do and you don't really care and you think everything's gonna work perfectly and there's no problems and use the second snapshot and ignore the first one but if you'd like a chance to verify that you can participate you get on the bus you probably should do that it's kind of like one of those things where you pack your own parachute you check and make sure the parachute actually works before you skydive but if you think you did a good job okay what else we got here alright and I love questions like this as well are you worried about Microsoft and with them in control of github why would we be get as an open source technology github is just a front-end for it that makes it easy to manage and host so if for whatever reason Microsoft turns crazy we still own the intellectual property actually well no one does it's open-source but more importantly the intellectual property is still owned by the community for the Cardinal code so it'd be very easy for us to migrate from github to another vendor or host our own if we had to as he is an example of where people just get their mind something and they don't really think through things first Microsoft has been embracing an open-source strategy and become significantly friendlier to the open-source community Microsoft's one of the largest Linux vendors in the world and also the open source dotnet as well so I don't really care too much about Microsoft having access to github now this would potentially be a concern if I was a competitor of Microsoft and I have proprietary private code in Microsoft and github and Microsoft could see that okay well then trade secrets could potentially be harvested but this is an open source transparent project so just bizarre to me how they would somehow compromise that it's just not possible general zod so you mentioned Haskell versus German candor which one will become totally obsolete no none yeah no matter what direction we go in there are lessons and things we've gained from both approaches and you know code is code and German ganders great there's lots to do with it it's a good prototyping framework for example for orb or Hydra should we decide to pivot completely to the Haskell side the ultimate decision of whether we go with the Haskell in the Russ codebase is more commercially oriented than feature oriented at this point it's basically about future development velocity there's a high probability that both code bases come marchis will be fully ready for a Shelly main net so okay they'll both get to that finish line so it's not a question of well who's going to get there first it's more of a question of what happens after we have to integrate go get in we have to integrate basho and we have to integrate voltaren and we're bright now working on the Cardo 2020 roadmap to find out how to get all those things and as quickly as we can so we have to look at where our velocity is on the rest side and our velocity is on the Haskell side and then make some strategic decisions about which one we think is the better horse to ride on and get us there but it's been invaluable having two code bases and it allowed us to do things for example like the incentivized test net which was a gift to us as a company to verify things we thought were true were true and it was a gift to the community to let people actually participate build businesses and take over Cardno from the custodians of it so it's a win-win for everyone Charles are you not afraid the US government will shut you down the way they shut down libera now they can't because I could die tomorrow I would take you go out of business tomorrow and then a cardinal is completely out there's really no way to stop it like who do you kill to shut down Bitcoin what company do you attack to shut down Bitcoin you see the problem with liberal or any of these stable coins is they have custodians if you say this is worth a dollar because it's backed by a dollar someone has to hold the dollar it's just that simple some entity has to control that because the dollar is not digitized you can't put it into a smart contract see there's really difficult to decentralize a stable coin at the moment so as a consequence basically you have a central point of failure and that's a great example of the power of crypto currencies the very fact the US government can't hold an inquisition or here against Bitcoin and drag some particular member of the industry like they did Mark Zuckerberg before them and attack is an attest emoni to the power of the centralization so that's how you know if they can attack one entity and it all goes away if they can bully people not to use it it all goes away it's not decentralized if no matter who they attack and it doesn't care the honey badger keeps marching on its Bitcoin or something like it and Ballmer crypto said well if we do - can't we just wait and again you know it's it's for your benefit in addition to that remember you'll be installing the software what if the software doesn't install properly what if you have a lot of bugs having problems with it this gives you a window of time to actually get a bug report in an issued issue and us some time to perhaps fix whatever issue you're having or help you work with that configuration the minute that the test that goes live if you can't get your Daedalus client working and you're probably not going to be able to stake so that's lost revenue for you so it's just a try before you buy and it's a it's a safety valve for everybody and it makes me feel a lot better and it makes you guys feel a lot better but if you don't want to participate yeah all right that's your is your decision can't make a horse drink water are you afraid that someone might steal all your fantastic work you've been doing copying carnatic code from github I hope they do we know we've made it when there's a card on o'cash and a card on Oh Charles is vision over any of these things it basically means that there's diversity it means that we're cool enough to copy and that people actually care and they pay attention bitcoins been copied over 2,000 times has it hurt Bitcoin as the price of Bitcoin collapsed as bitcoins growth been slowed down no invitation is the surest sign of success you can put an apple on a phone but there is only one Apple do you really believe that Google has reached quantum supremacy according to their definition yes unfortunately there's a huge Delta between what they've done and what's required to actually use quantum computers to become problematic for cryptography but it is a major milestone and it's an example of the endless and relentless progress that companies can make once they've set their mind to something and they have the people to execute the reality is this computational model is here to stay the physics are sound and it's more of an engineering problem than a theoretical problem at this point and there's certainly a lot of science to do and a lot of math to do and a lot of careful programming to do but today it feels more inevitable than it did 10 years ago about whether a quantum computer will actually exist and be useful and solve real problems in kudos to Google's team out of Santa Barbara for the amazing work that they did there this is literally the the rocket science of our time it's probably the most difficult engineering mankind has ever embarked upon and quantum computers are really going to change everything you know because what they basically doing is saying that there's a whole new class of problems that previously would take the time of the universe to solve and suddenly they within our grasp so the knowledge we can gain from understanding those problems will help every field of science from chemistry to biology to medicine and so forth and for Google to be building this inspires many other companies like Microsoft and Apple to also pursue these things an IPM is also pursuing it Huawei is pursuing it there's all kinds of companies that are consulting or working with so there's a degree of inevitability there and it's a major milestone and pretty exciting milestone kind of like Sputnik you know it was not a very advanced satellite but what it did was it made everybody start looking up when Sputnik launched the US response was to create DARPA and NASA in Carinthia space program and go to the moon and globally that created a completely new age of technology and this one little satellite that didn't do very much had that kind of impact and similarly the this quantum supremacy that Google's a noun so they have a level of YouTube video they've made where they kind of explain what they've tried to achieve is really an inspiration to all of those people who want to work on this field that they're not wasting their time there's something real there that it remains to be seen what we get from it Indri do you think c++ might have been a better choice than Haskell no no I would rather be shot in the face with buckshot or at least birdshot and/or have acid thrown on the side of my face and have to wear a phantom of the opera' mask then receipts less blessed code C++ is a dreary horrible language and every person that's taking it seriously has tried to move away from that's why Google created go that's why Mozilla created rust that's why D exists it's not a good language it's a Frankenstein monster in you don't stall Frankenstein monsters by giving them food and making them bigger and getting more things into it no the for the engineering we do if functional first makes a lot of sense that said there's a very fair argument of perhaps we could have achieved more faster had we chosen Scala or f-sharp or another language had been a bit more pragmatic and you know that's one of those what if games that history has and we do have Scala based products we've constructed that are great and we just really love working with them that said the Haskell wallet back-end team is working with great velocity they're using property based testing like quick check and they're really having a lot of fun and we're starting to see velocity with the Haskell node so while Haskell was very difficult in the beginning and we made a lot of mistakes with how we used it basically building an engineering company around it I think those have been remediated we're seeing just as much velocity with Haskell the other thing is you have to read about ten times as much code with C++ than you do with Haskell and you know we're pragmatist where we need to be for example we implemented the cryptography and rust which is better see and and things like that so I and we use a lot of JavaScript Daedalus is actually constructed from JavaScript frameworks like react polymorph we created and so forth built on top of electron so no I never would want to use C++ anybody who tells you to do that please tell them to leave horrible language of course I've just defended all those people spent ten years of their lives writing C code and C++ code Charles what do you think about cosmos interoperability between their parallel chains you know in general interoperability is one of the design spaces that Cardinal occupies and generally you can either look at it from two different perspectives one you can have a master slave model where you have some sort of master chain that it's kind of a single source of truth and its only purpose is coordination it could be a source of randomness it can be a serializer of last resort it can be a checkpointing chain there's a lot of things you can do with that and then then you have all these tentacles that come off that are domain-specific and those tentacles handle particular things and basically they work because they have this common reference point and when one chain wants to go to the other chain that reference point acts kind of like a bridging server that's your master slave model or you're bridging model or you're a server client model and it's quite effective and there's a lot of things that are happening that are moving that direction for sharding then the other model is to say look we don't control the world we don't own the world and so there's this notion of firewalling where chain a and chain B are not interactive meaning that there is no special code in Chinese protocol or chains B protocol that allows chain a and B to communicate with each other natively so they're gonna have different formats a different view of history and reality different states different assets so then there's a question of can you generate some sort of proof that if you were able to inject just enough information so let's say chain B into chain a that you can then take things in chain B and move them into chaining and then the same thing if you inject just enough information from chain a to chain B you can do that same and then they can communicate with each other for example with AK roof of work-based system we created a construct called NEPA pouce they stand for non interactive proofs of proof of work and exactly what that is saying okay proof of work tends to generate certain artifacts that for very clever you can harvest and they're provable and then you can build proofs out of those little things and then a verifier on the other side can receive a transaction with that proof embedded and know that what it's looking at has not been double spent and actually is real coinage assuming that there's not been a 51% attack or something like that on the chain you're getting it from all right now there are equivalents for proof of stake we created a paper for that but there's a lot more research that needs to be done there but this is ultimately the most promising type of interoperability because you're saying everybody has their own rules the information injection is not significant and can even be brokered by a third party if you want to and furthermore they're not interactive so when you want to send your funds or information from one system to another system the recipient has everything they need without talking to you to be able to actually verify what they're looking at is right but what they do with it is of course the logic written behind that I think there's space for both of these approaches and over the next five years it's going to be a really fun thing to watch how these things get built up and in many cases layer two is going to be where most of the the sexy action is going to be you know there's no greater example of that than what's going on a lightning community right now it's just a very fertile ground and lots of innovation one of our guys actually had a chance to attend the Lightning conference in Berlin and Rob Cohen and he had a quite a bit of fun there Charles I see you spoke with Ross help Rick's mother what are your thoughts about him and what did his poor mom say you know it said what you will about the guy whether you love me hate him think he's innocent saying he's guilty you think he deserves a year think he deserves 10 years you don't take someone who didn't kill somebody and committed an economic crime and then put that person with two life sentences in jail just don't do that in a humane society you put people who set people on fire and throw acid in people's faces and rape nuns and children you put those people away for a long period of time because those people have no potential or chance or ability to be rehabilitated in any form or fashion something about the way their brain works is broken and there are threat to society permanently so until we can fix that thing that's broken in their brain if we ever can you leave them in a Cell okay you don't take somebody who made a mistake decided to do something that was unlawful and then say well your mistake was so grievous now you have to spend the rest of your entire existence your life behind bars when he didn't kill anyone I mean I know of people who have run people over with their cars who have accidentally killed people and hunting accidents and other such things they they're not in jail for life it's just amazing second the people conducting the investigation were criminals themselves they went to jail for corruption more often than not when that happens you get a get-out-of-jail-free card in this particular case it was totally ignored there are many procedural problems with the case and the government repeatedly lied especially about things like Ross's desire to hire assassins to kill somebody that was dismissed with prejudice and he was never tried for that yet they still pushed that narrative in the media and people still today even believe that I believe that our society the society we live in is in many ways connected to how we treat the people who have done things wrong and those who have not been perfect no one is and we all make mistakes and if we live in a society that brutally punishes certain people for no particular reason over others disproportionately so then at some point we will receive that treatment and with the same level of empathy and compassion as those who have been punished have received I do not want to live in a society that does this to people I really don't I couldn't care less if he gets pardoned or not but he should get some clemency he should be released at some point not in life take five years pick ten years pick a time period and say there you go now you're done go home rebuild your life become somebody be a productive member of society but to say that he has to spend two life sentences for the Silk Road is a travesty it's an injustice and it's disgusting if I ever became president the first thing I'd do is pardon him an issue an apology from the state we just can't do this anymore and I feel the same way I feel against many other in justices that happen with the American judicial system for example there are many people who have suffered from civil asset forfeiture they have money in their car they have money in their pocket and it just happened to be too much money a police officer says well that's probably drug money and just takes the money from them any other context or person we would call that theft but in America apparently when they do that you have to sue to get your money back and prove you actually earned it so you have some drywaller get pulled over just got paid for a job barely speaks any English please take the money what's that person supposed to do it's predatory and then the state uses that money to buy things new cars new infrastructure other such things Eastern Europe at least they're honest about it they say give me a bribe but apparently here we would like to have the moral high ground even though we don't so we need judicial reform and we need to start treating people fairly and there is really no more poignant example that I can see then the case of Ross were at every single level from the involvement of the intelligence agencies in the parallel construction that was done to justify the unlawful collection of that data to the fact that the legislative branch got involved in the investigation with Chuck Schumer pushing for it to the agents themselves being criminals stealing money and going to jail to the comments of the judge to how the prosecutor conducted themselves all of those things were just wrong absolutely wrong and this this has to stop as a nation so it was great to talk to her and I signed the petition and of course I tweeted I'm not a very important or famous guy and I wish I had more pull or sway and I could pick up the telephone and help them out more but the very least what I can do is at least just point out that this is wrong and this is not right and this is not the America I'd like to live in and to ask everybody else if they agree with me to do the same thing I'm not condoning or justifying this behavior let's be very clear his life has been destroyed he's been living in a maximum-security prison with the murderers and rapists and molesters and gang members now for years whether you think he's innocent or guilty a good person or a bad person he's already been brutally punished and it will take years even if clemency is offered for him to be released this is no longer a question of should we punish him or not it's more of a question of what kind of a society will take a person who ran software and put that person in jail for two life sentences when he didn't kill anybody it's not a society I want to live in why did dad Larimer call you untrustworthy you have to ask dad I love the I love that community what's he been doing for you lately leave bitshares leave steam and at some point leave us people don't get along sometimes and they sometimes people say things I certainly have and he certainly has but I love point to somebody who can actually demonstrate what I stole or what I did never stole anything from anybody never screwed anybody never scammed everybody told you guys what I'm gonna do I've tried to deliver been working on cardano's since 2015 what did we do wrong there do you think there will be enough participation in the incentivize test net what happens if there's less than 1,000 nodes well that's exactly why we're doing this test because we're going to see what level of participation we have you actually get to see it twice so you get to see it with the amount of registered state pools but the other thing is because there's transaction and format differences between the legacy addresses and the new addresses to be able to use a staking address you actually have to rotate addresses so how Redemption works is that you regenerate the legacy credentials sweep all the ones you have access to in the Genesis block you TXO and then issue a many to one transaction to a new dress that's stay Keable but that means there's a transaction from the Genesis block to a new dress what's really exciting about that is you can actually write a script to watch the Genesis block in real time you can actually see the amount of people who are onboarding and waking up and playing on the incentivize test that so that's kind of the first metric that we keep track that's deterministic second is the amount of state pools registered in the delegation to those state pools and how those mechanics work those are the two primary value propositions we can see it gives us a really good sense of what do we anticipate participation is going to be come March and if we think it's going to be quite low and it's gonna take a long spoiling time there are things we can do to manage that if we think it's going to be overwhelming then that's that's exciting as well and so this is the point of doing things systematically they kind of give you that data and then you have some time to really think deeply about what does it mean and what can we do with it yes I have heard of the motto make haste slowly so stoic philosophy Marcus Aurelius believed in it as well functional program already the future every single programming languages dragging the dead rc4 was released yesterday's yeah so we redid a release on the github but remember guys not everybody works on the weekends and devops is required for the new Genesis block and there's that bifurcation of two networks that's coming right now we're running that that release entirely with our QA teams on private clusters to do stress testing was car down on initially being developed is a gambling platform as whatever archives indicate web archives do not indicate that please point to an IO HK website that claims this we of course said we'd love to experiment with games and we did do some research with multi-party computation protocols that had a gambling flavor but card aa was never a gambling platform card ah no as an open financial operating system and the design goals were always clear scalability interoperability and sustainability I went all the way through Japan from Qaeda all the way down south to Fukuoka making speech after speech about what we intended on doing and how we felt Cardno could be special in the marketplace the scientists we hired the code we wrote the years of commitment we put in the papers we wrote all indicate that just because some random Japanese websites that have no relationship or affiliation with us may say otherwise really points to your lack of ability to use critical thinking than the original intent of the project you know there's this narrative that flows around that apparently I just didn't know what the hell I was doing and you know we're all just idiots and we have no ideas we don't have to run a company or write code and so we just waited and I just attached ourselves to buzzwords and hope to steal some code or ideas from somebody the fifty three papers rewrote say that's not right you know but you know chico and these other guys want to keep pushing that narrative all it does it just makes them look like idiots and really diminishes their credibility and the bigger we get the more we do the more problems we solve the better the science gets the easier the user experience it's the higher the market cap gets the more student they look what's your favorite whiskey you know that's a good question Jamison 18 is really growing on me you know 18 or older I got a rule for whiskey it's got to be legal Macallan is pretty good especially Macallan 21 although I like the calendar tea as well Glenmorangie signa is a good whiskey especially if you're just really sad depressed and you want to do some hard shots that's a lot of fun I but Hibiki is also growing on me as as has Yamazaki Japanese whiskeys are surprisingly good you know I've betrayed my my Scottish friends by drinking them but I gotta give credit where credit's due to be ki is pretty special favorite cigar octor affluent the Hemmingway's they're cheap good and I love that they hate communism now if you watch El Camino yet yes Jesse Jesse Jesse Jesse amazing there was a bit of fan service with Heisenberg but it was a very good way to end it you know it really made me said is that Sopranos didn't end during the age of Netflix because that's probably what would have happened was the Sopranos son Netflix movie he kind of capstone it but I think was a great way to end Jesse's story Arkin it really it really was just well-thought-out and you know it deserved to exist it wasn't just something they created for the sake of creating it to make some money they really had some artistic goals in mind and I was it was well thought out how many acres do you ranch 50 it's a rancette it's more of a farm because I grow hay on it although one of these days I'll buy a proper edge of Montana ever done ayahuasca or DMT I've been asked that a lot yeah well there's a peyote story and and I might tell you guys that one of these days involves a Kachina dance down at New Mexico and me waking up naked in the Badlands but that's for a different time do you like gangster movies oh yeah yeah like the Irishman is coming out there's a good story there too about how they got Joe Pesci the last day may you still haven't watched Joker I haven't had time I'm working Saturday 7 o'clock I'm still in the office see ya how many books do you read a year between 50 to 60 books we at read and then a lot of audiobooks and then tons of YouTube videos on various things and then I get summaries of things that I don't have time for favorite year of time and one of it in history you go back to an experience any time in history oh man well the Battle of Pharsalia after that was over would have been pretty cool it happened when Caesar crushed Pompey and basically it was the death knell of the Roman Republic and that would have been a really fun time to to be alive like this gargantuan Colossus Empire is dying and then this new empires forming and it's not clear how it's gonna work Caesar chose the dictator for Life Path his son Augustus was a lot smarter he pretended not to have power even though he had far far more and and he managed to kind of create the archetype for the Roman Empire I would have been a fun time to be alive I mean if you access to food and you were too slave or anything like that but to be honest with you the best time to be alive is now there has never been a better time in human history and there's never been more opportunity and this is the last generation of real humans in the next 30 years or 40 years the whole homo Diaz philosophies have happened and we're going to start changing ourselves cybernetic augmentations genetic enhancements it's gonna be crazy and the human consciousness is going to open up to new levels and a lot of really magic thing is they're gonna happen a lot of really scary things are gonna happen the challenge is that humans will face in 2050 will be unimaginable to the 1950s there anytime before so it's good to be alive now because I live long enough to see these things I don't know if I'll be able to influence them because I'll probably be old by the time they really get revved up this is also probably going to be the century where we create new life our general I least artificial intelligence has a very high probability of it reaching ascension becoming awake in the 21st century and so if that occurs then for the first time in a very long time we're no longer at the top of the food chain there's now something that's better than us running around and it remains to be seen what happens to us we weren't so kind to the Neanderthals yes Michel I did reach and kahlan something deeply hidden there's a good book and yeah everybody loves the : Tesla he's the canonical polymath he kind of kind of knows everything did you hire fun specialists workouts taking rewards yes many economists specialists and game theorists and other people it was just one big intellectual challenge well how many acres do you want to own the Montana I've been trying to buy the English ranch it's 5,400 acres stand in the center it's about four miles in each direction how is the Ethiopia deal transitioning what can we expect to see this materialized 2020 it's already materialized we have side commitments from the Ethiopian government we are in the feasibility study phase of the commitment and that feasibility study will turn into a pilot and there are many go/no-go based upon what we learn the pilot if we do run it will run until June of 2020 and then on the what we learn from that pilot would then we'll have a big discussion about forming a PPP and commercialization and how a government tendering process would work and so forth but that deal is in flight and we've already signed the papers and they've signed the papers and we're just hacking away at it generally speaking these deals have about a three to seven year time horizon so they're very slow burn but if you get them right they're very strong barriers to exit once you get through the tendering process creature from Jekyll Island yeah that's another good book and Tiger's milk better than tiger blood that the Mike Tyson estate got to see the tiger cages actually I think Ted Turner is ranches were in Wyoming I might have had some Montana land but he had a lot of land Wyoming as well and it works for Andrew yang I am not a member of the egg gang he'll never vote for somebody who promises free stuff for nothing that is my absolute you do not deserve free stuff sorry it's not how that works it's not the government's job to take from a and give to be redistribution is socialism if you complain about how people are getting poorer and poorer then you should probably sole the heart of the problem which is inflation caused by massive deficit spending and an empire that doesn't pay back so if we're willing to to pare down the military and stop our interventionist foreign policy and live within our means have sound money then guess what we'll have a very strong middle class that can take care of itself like we did in the time of my grandfather who worked a factory job and his job as alignment raised seven kids and retired a millionaire without a college education but if you debase your currency and every ten to fifteen years it loses half of its value then you get what you pay for and you don't solve that problem by giving away free things to people you just make it worse because where the hell does the money come from you free things away from people tax the rich how about how long is that going to last only as long as you can spend other people's money sell my home in California would sighs ranch can I get in Montana don't buy a ranch in Montana buy a ranch in Wyoming if you're looking for value there yeah Laramie or something like that or you know Sundance or something ridiculous amounts of land for very cheap - Ron hello Ron you read more fiction than nonfiction mostly nonfiction and surveillance capitalism that's actually a great term there's a good book on it highly recommend it do you like Japan I love Japan it's actually my second favorite country right outside the United States always going to be an American but Japan is amazing a lucky guy I love all the philosophies of Japan I love the countryside is so incredibly beautiful my favorite city I've been to is Nara that's a Daiichi is incredible it's little deer or super-cute Osaka is a close second especially numba Japan is one of a kind it's a very special country and you know Japanese people are just really special to they they have such big hearts and they care so deeply there's a relentless pursuit of perfection there it's just a nice place to be well Livingston Montana I didn't know that that's pretty cool how many acres Livingston ain't too bad it's nearby Big Timber that's where my grandpa grew up have you learned how to rope steer you know actually I don't think about doing team roping I got a friend who's doing it not every time to go to the roping rodeo I see it really bad at it but if I get a new horse maybe I'll be able to do it I'll probably get a Frisian or something like that and what about Korea Korea is a beautiful country - Seoul isn't one-of-a-kind it's big my only problem with Korea is it's the airport is so far away from the main city and every time I get in a taxi I always get sick is that regenerative braking just get back and forth back and forth do you think the NSA is working on xrp the end say help create XRP David Schwartz used to work there so there there there are money time training materials and effort went into creating a great engineering David certainly made massive contributions to XRP success and here's the newsflash for you the scary intelligence agencies and military industrial complex has his fingers on everything in the cryptocurrency space because all the underlying technology was paid for research by those entities in the 1970s 80s 90s and 2000's because they kind of had a lot of interest in keeping secrets and distributed systems and privacy and so forth so so yes they have made great contributions there as much as they have for the scientists that I have who happen to have at some point their careers worked in one of those places no not worried about the sec Carano is like ether in that respect closest thing will probably be as a commodity kind of fish to you like koi fish they're just so nice those koi fish you pet them and everything guys swarm you they get really big and they can live like 200 years it's pretty crazy well there be a GUI for the incentivize test net yes Daedalus do you believe aliens exist there's some evidence to it what do you think about Wolfram slang well Stephen Wolfram came to the I which case summit he gave me a book on the Wolfram language and we had a long conversation and this is kind of his shtick you know had he open sourced Mathematica and all of his Wolfram stuff I think they would be so much further along than they are right now but he really likes controlling things he really has a strong really deterministic vision about where he wants to go and he doesn't like community curation or control and its really a shame too because there's some amazing things in the mathematical and the Mathematica stack that could be quite useful that said it's a it's a great concept just kind of say a language for computation you know a language to see here's some data just hi here's how you operate on it you just start asking questions like how many shipwrecks are there in California off the coast of California between these two dates and then say okay put them all like to this type of plot and you know how many of them lost more than half a million dollars worth of freight how many of them happened after 1980 these are human understandable questions and the kind of things that would come up during a conversation about some topic and maybe you're trying to make a business decision or kind of explore certain things and normally to actually extract that information from a raw set of data it's very cumbersome time-consuming and you have to kind of preach you need to ask all the questions and then give it to an engineer or a data scientist and then come back a day or two later with a report you'd read the report and then you're thinking your head well actually I have more questions and so again this huge latency the power of Laveau for him is done is that you can just ask those questions in the meeting real time and just massage and play around what's really exciting about it is once you have that model of computation and it's machine understandable and you can talk around it then you can actually start talking about maybe I'm not the one asking questions maybe I can create a computer program that's really smart and is able to ask the right questions if you can do that then you have something truly special because it can see things you don't see has a perspective you don't have it can almost have now gained all kinds of new insights that you previously would have missed or would have taken a lot longer to get to so I'm a huge fan of us work I think his work on cellular autonomous pretty cool the really hardcore people in those areas think that perhaps certain claims are overstated or definitions aren't as precise as they need to be but to the credit of the Rudy Rutgers and the Stephen Wolfram the whole point of science is to start with something kind of not precise and kind of broad and kind of abstract and kind of a thought experiment team and then just see where that goes and where it takes you and then eventually design experiments that either confirm or deny certain things about reality you assumed and if you start getting prescriptive value it can make predictions and tell you things and kind of tell you what's right or wrong then at some point you get precision it took a very long time to get the standard model of physics and it'll take a very long time for us to have that standard model of computation that's as elegant that said it doesn't stop us from at least entertaining simple rules are simple ideas or you know models like what Wolfram has done and I think did a lot of value the way that they approach computations did you have fun hanging out with Charlie Shrem I always have fun hanging out with Charlie Shrem he's a great guy and his wife is a wonderful person too come on guys give me something good did you hear the news on bit mix exposing customers emails yeah it happens doesn't it maybe it's a good thing if we go to exchanges that don't eat customer information they just moved to a transactional model functional regulation automated regulation no dictate a custodial requirements so these mistakes don't happen who named Daedalus I did all right guys give me give me one good question to end on playing you guys all four mugs oh we got another troll oh no after all troll Jack I have to go home now you've exposed me all this work these years of effort the millions of dollars spent the agony the weekends all of these things for nothing because you are here to tell the community of all of our sins uh oh my god yeah the Internet is amazing it really is people are amazing they actually believe these things they read one thing they see one thing it's like shallow understanding of reality shallow understanding of people critical thinking is is very lacking these days well I hope you don't get lost in the supermarket starve to death okay Jack if my attitude speaks volumes then you tell me what's the scam specifically your opportunity you got 550 people in the live chat right now we'll get 10,000 views it'll be syndicated here's your claim to fame son go ahead and concisely where is the scam where is it concisely you're saying but it could be behind bars come on son oh we can't do it you can't do it because he's lazy or stupid actually stupid hmm you see yeah you see that's the thing about life guys people wake up and they say I don't like something and I want to go change it and call that person entrepreneur entrepreneurs don't like the systems they're in and they say I'm gonna go get some money and some people take a big risk and see if we have a shot at making something different there could be a new product it could be for example the halo neuroscience guys you guys know about transcranial neural stimulation it's really cool thing twenty one percent chance of treating depression that's like right up there was SSRIs just to electrocute your brain it's crazy stuff so these neuroscientists who live in Academy for a little while they say let's go ahead and build a product and see if we use transcranial neural stimulation to help people with motor coordination because neurons that fire together wire together and if that's the case maybe you can learn the piano a little faster the guitar a little faster that's the hope that's the dream you have steady state X it takes this long to learn a skill it takes this long to be able to master free throws or three-point shots and then you'd like to take it to a new steady state why to say let's cut it down by this much using this newfangled technology now there's a huge risk you gotta figure a lot of out how do you build the product how do you replicate the science how do you actually consumer eyes that how do you bring it to market how do you make sure you have enough runway that you can make that happen within that time frame and sometimes you get it right you got a prequel product and sometimes a lot of the time if you get it wrong and the point is that is what makes the world better people who have the courage to wake up every single day and say I'd like to live in a different world than the world I live in today and I'd like to go ahead and build something new change things make things better yeah it's okay to fail it's okay to not succeed it's okay to get your ass kicked and just because you went through a lot of pain there's no guarantee of success or empathy in many cases it's quite the opposite it's quite damaging but all the things you have here today from the computers you're using to the internet you're typing stuff on operating system you're running was made by people who had that mentality and all the things were going to get over the next 50 years will be made by companies founded by people who have that mentality just think about that and the cryptocurrency space is no different you guys get exposed to the risks of entrepreneurship a little earlier than most investors do than most people in the ecosystems do but at the end of the day it's exactly the same we have a vision of society where we'd like to take it we think about the transaction we say there's five fundamental components to it there's assets there's actors behind the assets there's metadata there's contractual relationships between those actors and there's a regulatory environment whether you're living in JPMorgan Chase or on a Syria you have those five elements and every transaction has to be constrained by some framework for that what's amazing is we as an industry get to reimagine those five things and new ways that are more inclusive faster better abroad that's a fact now you might disagree with my particular approach and love someone else's approach guess what the markets going to ultimately decide which one wins not me not you the market will and I have to accept it as much as you have to accept it the world would have been a much better indifferent place had certain actors not won the IT revolution had certain design decisions not been made for the internet we would have had a password free internet at gp1 didn't happen these are just small examples where small choices had exponential effects as a consequence of time carrying them through a scale carrying them through so we as a company I which K have made a lot of bets and Cardinal is a reflection of our view of reality what we think is best for the submerging industry with what we can contribute with the resources we have and I believe every day the and Larimer wakes up with iou's and believes the same about himself and his people at block one and I think every one of his engineers working for him are fully committed to that vision it's the same for vitalik with etherium - and joe lumen with consensus it's the same for David and Chris and the rest of the gang it ripple it's the same for Justin Sun at Tron he wakes up every day and pushes his stick he really doesn't want his ecosystem to succeed and he really does believe that what he's selling may actually be something useful to humanity but somewhere along the way we got in love with the idea of building and rewarding and growing cynicism and making those we disagree with not only people we disagree with but morally wrong criminals evil people it's not good enough to say I disagree with you now it has to be I hate you I think you should be behind bars you're a horrible human being and you have to ask yourself if that is the price of admission for changing things how many people are you now disenfranchising and turning off who could make your life better by behaving that way as petulant children entitled children and unfortunately society seems to be moving in this direction this is why I really love working in Africa it's why I really love working in Eastern Europe I really love working in Asia because the people there ain't got time for that it's all about saying I got big problems and we're looking for big solutions we're looking for people can try to help around and work around these things let's go try it let's go think about it the more cynical people will say well that's just useless those people have no money you can accomplish things the smarter people the more visionary people realize that should we solve these problems the poorest amongst us will one day become the richest amongst us and then they will have much more of a say what happens to you then you have a say of what happens to that much like Apple right now kind of gets to decide what smartphones look like well what happens if the next Apple is from Ethiopia then we're all going to be waiting for Addis Ababa to go ahead and tell us what our phones are gonna be instead of America you see that's the magic of the world it's magic of globalization it's the magic of entrepreneurship and it's a magic of our industry it's about creating one global economy it's about creating one global movement it's about having a big discussion about how the world behaves in treated self in the 21st century and it's why I keep showing up every single day and keep working hard every single day now 7:21 at night dinner is waiting for me it's cold now that's okay I've eaten a lot of them and I'm gonna keep eating a lot of them because I this is what I want to do and this is where I want to be anyway thank you guys so much for listening this was fun as always we laughed we cried we trolled but more importantly we did announce some good things instead of eyes test net coming soon tentatively tentatively tentatively we think we probably can do the first snapshot around the 12th and then we'll run that for a little bit then we'll bring in the incentivize side of things and then if you want to participate participate if you don't want to participate that's okay Haskell's not too far behind a lot upgrades coming soon on this side of the year internal stuff the next side the other side in January we're looking at complete Dec realization of the code and then followed by basically a shellye test net on their side so a real exciting stuff and it's really cool that's the only thing to actually become real and be in the hands of thousands of people now about 3000 last April task force so until next time or if I and I love you all even the trolls
