hi this is charles hoskinson broadcasting live from warm sunny colorado some of you love the intro some of you hate it but you know what i like it so we'll keep it it is august 1st 2020. a really nice time uh the month of august it's a month of rest recovery cleanup and a litany of things to do so uh we've certainly got a big backlog of stuff that came from the exchanges we're working our way through that we also got ourselves quite a bit of stuff to do on the optimization side of things we've received numerous reports from various people about deadlifts being a little slow that's because a lot of the shelly code is correct but not completely optimized yet you have to cut somewhere when you're preparing for a release and we said well it'd be better to optimize after release than before because we can do it with the entire community instead of our qa team so anyway throughout the month of august these are the types of things that are going to be cleaned up it'll get a lot faster most people aren't having any issues but some people myself included on one of my laptops it's taken quite a bit of time to parse the chain and do a bunch of things so you know it's it's just what you expect when you release new software there's some rough edges here and there but all things considered it's actually quite easy to performance profile and it's quite easy to clean up a lot of these rough edges it's just it takes a little bit of time and dedicated focus and so there was a huge search to get shelly out now that it's out we can spend the month of august doing that type of work so expect a few updates at least two i suspect in the month of august perhaps more but likely around two one in the first half of august and probably one in the closing of august that will resolve a lot of those little things and issues and should improve performance for those who are having performance issues other than that my first help desk report post launch came in and we received a lot of the usual suspects from here and there you know connecting to network issues usually those are isp related at this point or firewall configurations but most part little stuff like that not a huge amount of ticket flow a lot of the exchanges are still in maintenance mode uh but they're in active communication with us and we're kind of chipping away at it uh next week monday uh we're gonna ship a patch specifically for certain exchanges so that they can finalize their integration so we should see a lot of the exchanges go green and turn online uh next week we already saw that with kraken and you know probably binance and the rest of these guys uh they're working real hard and we're certainly working with them and it's a great endurance test of the software and it's a great acid test to verify that everything is looking right and performance is where it needs to be and so forth it's a humongous transition for them uh and of course we're here 24 7 until it gets done so most exchanges should probably go green next week if not all at least the largest ones and uh uroi is making some great progress i believe they just released 3.0 and i think it works with the shelley network but it's byron only and the shelly specific functionality delegation should probably come soon so next week things are looking good uh and they'll look increasingly better as we work our way through august and swallow the shelley launch rewards are moving over over august 3rd just like we said and staking will begin soon pools are already registered a lot of pools have been registered i noticed some grumbling from some of the stake pool operators about i o global pools we're testing a lot of different configurations and you know the best way of to learn is by doing and we've tested configurations in the past on the itn and the pioneer test nets now that we have a live network it's actually good to see these things as well so we're doing all kinds of things public pools and private pools my preferred mode of operation would be to go complete community delegation there's going to be a bit of a profit hit if we do that and we're right now calculating what that's going to look like but it would be nice because we wouldn't have to run our own infrastructure and it's a nice way to support the community as a whole but the way that we secure our ada is very cumbersome and as a consequence operationally it's a little difficult to do something like that and not have to spend quite a bit of time especially when you're rotating pools so we're building a lot of stuff behind the scenes some of which will actually for the stake pool operators as well so that we can preserve that operating environment for securing our ada but then also have an easy operating environment for staking and delegation and so forth so that's something that's in the august september time frame and we're working very heavily on that i've also made a great priority for multisig we support multisig in the node and all that's there that actually came in with the shelley hard fork but that capability isn't yet exposed to the wallet back end and to daedalus and we also are going to need a routing server for uh for multisig so we're probably going to give a fixed cost contract to atx to do a routing server and we'll work our way through the stack and put something in daedalus and the wallet back end and so forth so that's another one of those august september time frames so that we can pull that out and then eventually after the network team is done with peer-to-peer we'll take a look at the design of that multi-sig routing server and pull it entirely into the network design so you can do completely decentralized peer-to-peer multisig without having to use the server to route people together but we'll try to innovate a little bit too like when you're building your your key holders you can use pgp or or dids or something like that as a standard uh to actually authenticate each other above and beyond email addresses or things like that which is commonly used with solutions like bitpay but that's coming and that's going to be a lot of fun my personal preference will be to have hardware multisig so you have mfn ledger or trezor devices and then you can delegate to that another thing that has come up is the concept of uh one-to-many delegations so right now if you want to delegate it's atomic delegation so a wallet delegates the complete amount to one pool if you want to split that up you actually have to create separate wallets and that's a manual process there are some reasons why that was done and they're pretty good reasons but it would be nice to see if we can do a one-to-many delegation so you can fractionally delegate to many pools so we're going to be exploring all of that in august and september and that would really improve the operating model for a lot of people because they'd have less keywords to deal with and so forth but other than that you know it's just exactly what you expect when you do a major upgrade there's this huge thing that comes as soon as the huge thing comes there's a patch or two like a week or two after it comes but cleans up the obvious stuff and then you have this long tail of improvement and then a group of people focus on making everything better so improving the user experience more features and functionality blah blah blah there's just a litany of things that have to be done and you know we have people who wake up every day full time whose day job is to do nothing but worry about that and the addressia team is worried about that and this is what they do so there's people who will make sure that that happens i'm still very keen to have access control account recovery and spending passwords being forced through a security key so i would love to see u2fa devices so fido compliant devices like yubi keys for example in the dataless security model so you can have a login and for daedalus and instead of having a username password you use a security key to be able to open the app and get past that screen and then also use it as a second factor authentication for spending password so you can have a spending password uh and a ubikey to be able to spend funds or just a yubikey to spend funds for example so you don't have to remember passwords for example if you want to use that particular security model and then account restoration is also something we're looking at now we're also going to start uh something involving secure qr codes uh and basically what that is is that uh with voltaire the catalyst app that we have we don't want people to have to enter a wallet recovery phrase into that to be able to vote it would be nice if you could generate a secure qr code that has whatever credentials necessary to vote and they're shielded so you actually have to enter a spending password to decrypt them but they're shielded in the qr code itself so your process of activating your voting interface will be as simple as generating a qr code scanning it with your phone and then entering your spending password when you want to vote and you don't actually have to enter your wallet recovery keys so we've been looking into that um it's also a really good way of creating a mobile wallet experience like for example if we can make this a standard then uroy mobile if you wanted to move from daedalus and create a uroy mobile wallet you could just simply scan the qr code and then it would restore the wallet on uroi for example so we've been looking at this type of stuff and d'arco's working on it it's just the daedalus team is a bit overwhelmed with a lot of the cleanup and they will be for the next two to four weeks but we're going to add some more resources to that team and we're adding a dedicated ba to that team so that we can kind of improve their efficiency and exiting august we should see a big acceleration of these things and augmenting existing experiences we're planning for example we're planning the hardware wallet center we have to kind of wait for a firmware update and that firmware update for shelley is going to include the unique hardware id so you can support multiple hardware wallets and your daedalus uh and uh you know little things like that but that's gonna come in august and it'll be very nice uh for everybody so we're catching up we're speeding up uh shelly was hell to get out no doubt um but you know we now are in a really good place in terms of infrastructure it's easy to work with the code it's easy to test the code it's easy to do performance profiling with the code uh you know it's going to be easy to do a litany of things that basically allow us to upgrade and improve the product uh very rapidly furthermore new feature development can be done now in parallel because of the architecture we have this polylithic architecture is finally starting to pay off and uh we're now in a position where we can really evolve things to a point where it's just beautiful and usable so a little bit more patience is required i'd say most if not everybody's going to be completely happy in about four to six weeks i from exchanges to general users to people having performance issues and so forth so as we exit august and enter september uh things will look pretty good other than that the product is functional people can register pools well over 500 have been registered you can stake two pools delegate to pools excuse me uh and all those features are working and they're you know we're marching towards staple operators making blocks in about the middle part of this month the d parameter is going to start decrementing and that means that we're actually going to see for the first time the project's history or boris prus be used to make blocks uh by independent state pool operators in the community so that's a huge accomplishment and i suspect that and d are both going to grow and decrease at great rates respectively so we'll see a lot more pools than we even have and i suspect that d will reach zero probably just in a few months but it's going to every epic have a steady rate of decline and when it hits zero we're fully decentralized and right into the interface of uh daedalus you can actually see the the progress bar towards that end um towards the back half of august the network team is going to start turning on the peer-to-peer governor and that's going to start turning on peer-to-peer for the entire network so that was kind of like the last mile of the network stack it's a completely new way of doing networking most people just use secure academia or something like that they kind of copy ideas that bitcoin and ethereum develop five and ten years ago respectively uh we built from the ground up a completely new way of doing networking so all that documentation and a lot of discussion about that's going to come out in august and the peer-to-peer will start being profiled and parameterized and rolled out gradually and it's not going to take too long probably about six to eight weeks once that process begins and then the network will reach full resilience at that point so that's uh that's pretty awesome too so you'll see d decrement peer-to-peer turn on and then we're at full decentralization before the end of the year hopefully before thanksgiving so that's uh that's just a great thing uh towards the end of august when we do the product update uh we'll have uh some things to say about gogan gogan really has two big releases followed by a long tail of things to do one part is the native asset component so that's basically going from a single asset ledger to a multi-asset ledger and then the other part is pluto's foundations which is basically the smart contracting language and so forth um so uh in order of release the native assets is the first part and there's an open question of could we combine both of these to one giant release or would it make more sense to do two hard fork events to hfc events to deploy that so in august we'll talk about that in much more detail and it really has to do with development productivity uh and what we learn as we're cleaning things up reducing technical debt and how we see acceleration occurring the good news is when you work with low technical debt high quality very modular code it's quite easy to add in a lot of things or refactor or just like as you think say maybe we should do it this way and the formal specs for these things are mostly done so it's more of a matter of just pulling them into the product so i'm cautiously optimistic that we can move very quickly in integrating both of these events into cardano but one thing at a time we have to kind of digest shelly that's a huge endeavor and as you've seen with exchanges upgrading and all this other stuff happening there's a lot to do the addresstia team also needs to do a lot of work to move from a single asset to a multi-asset wallet backend because we want to have an equivalent listing experience so if you issue an asset on cardno we would like to make it very simple for an exchange to list that asset if desired like literally a flag so if they've already integrated ada to integrate ada plus your coin if your coin is in issued on the platform it should be very simple to do that and we'd like that to extend throughout all services in the stack so for example daedalus to be able to display it we need to make sure that that's present ledger et cetera et cetera we need to make that a fairly straightforward easy process so there's a little bit of work we've already kind of pre-planned that architecture and the way that we've designed things makes it easier than most but it still is a little bit of work and we'll parallelize it as much as we can we've been really effectively utilizing vacuum labs on the hardware side and atix on the infrastructure side like for example atix did a fixed cost contract for rosetta support with addresstia and there's a litany of other little things like that that we think we can bring them in like the multi-sig coordination server and so forth uh so we'll do that to make sure that we can accelerate progress and we can work in parallel to get a lot of that cons that constellation of infrastructure that's required to have a very refined mature product and market done but other than that i'm pretty happy with things it's a good position to be in you know we have good momentum everything is working the way we intended we're able to digest things properly the quant stamp audit is going on and they're having a great time with it and we're learning a lot from them and they're learning a lot from us and we should be able to publish that security audit report in september with all the remediations suggested uh and the product is very pristine it's hard to build something in haskell but once you've done it it gets easier every day and you start getting into a flow and the worst days are behind us and now that that flow is there we can only ever speed up and we can only ever parallelize and do more and more and more we're also going to be talking a lot about how to keep developer adoption strong and create a lot of use and utility you know we have some internal strategies we're not quite ready to make those public but we certainly will when the time is right and we're of course working with a lot of partners behind the scenes on things and so i think a gogan launch will be quite strong all things considered um but you know still in the shelly era a lot to do i'm pretty proud of the fact that we're here and of course our critics are silent i noticed that no one's been talking much except for oh it's very easy to do proof of stake and you know uh everybody else has proof of stake so you guys are just catching up with people but you know they don't understand what they're talking about and uh they know they're obviously wrong when people took very hard positions such as shelley will never ship uh we'll bet you a thousand dollars actually one bitcoin i think one person bet me one bitcoin that shelley won't ship in 2020 maybe 2023 is what they bet i don't think i'm ever gonna get that bitcoin but hey it is what it is what can you do you know this is who these people are um they're vicious hostile critics in your worst days and your best days they're nowhere to be found we just ignore them at this point and to that point recently there was an issue in the haskell community where a fairly prominent member of the haskell community wrote basically slander calling our entire industry uh an industry of criminals in a private email he mentioned that uh the only reason cryptocurrencies have any values because organized crime in asia are running all the exchanges obviously this person is deeply mistaken uh coinbase doesn't seem to be in asia actually in california a highly regulated entity trading institutional money from wall street but okay um obviously this person is deeply mistaken about a great many things but his attempt was to create a rift in the haskell community and somehow divorce the community or shame the certain members of the community and to stop working on cryptocurrency projects or call them judases or something for taking dirty money it almost reminds me of grothen deak the famous mathematician who left the entire field of mathematics after reaching the apex of it because he had issues with how math was being funded by governments and of course he lived alone for 50 years as a hermit until he died alone so i guess if this man wants to go down that route well more than welcome uh but um it is what it is and it's predictable uh you know certain people get really pissed off when you try to change things or don't understand things and don't want to give you the benefit of the doubt but the point of this is that we as a community need to be better in reacting to criticism and it starts at the top i need to be better into reacting to criticism and there is no excuse to personally attack people and no excuse to call people ignorant or bad human beings because they happen to disagree with us now if people are slandering us and uh saying that we're criminals or uh that we are somehow morally compromised to extend we should be blacklisted from society of course we should get aggressive in that case with our rebuttals but we should never use personal insults or diminish people and i noticed that on the haskell reddit and on twitter and other places some overly enthusiastic members of our community were saying things that were perhaps a bit too aggressive or demeaning and i understand that you're passionate about the project but that's not necessary and it makes us look bad as a community if that is the response that we have to criticism uh the reality is that we can rebut things with well-reasoned arguments good rhetoric and facts and the facts are on our side um cryptocurrencies don't exist because somebody woke up and said let's just reinvent the wheel they are and forever will be a product of frustration a frustration of a lack of accountability a frustration of corruption and a frustration of blatant unfairness that's just the fact in fact the very beginning of bitcoin embedded in the very first block of the system was a harsh rebuke of the bailout culture of 2008 as a response of the great recession there so we can't as an industry pretend like such things are not the case they are we've always been contrarian we've always been uh anti-state-issued money anti-government control and we've always been a bit more libertarian now our critics label this as uh utopianism or crypto anarchy or right-wing extremism but the reality is many governments are failing in their basic utility and nature okay a government's job is to protect its people and to provide a fair environment for people to live their lives and enjoy their freedoms and liberties it's in essence a public trust i believe very firmly in the john locke version of things and we as the beneficiaries of that trust inherit a better society than the one that we found as a consequence of its existence governments by and large have been failing in the financial markets and in the freedom markets and things like social credit civil asset forfeiture the hyper centralization of wealth and power things like us being in the worst recession since the great depression and the u.s gdp declining 30 percent yet our billionaire class makes an additional 600 billion dollars off the backs of this horrible event and the government's response is to print more money and hand the majority of that money to the very people who don't need it at what point do you start questioning the legitimacy of the markets at what point do you start questioning the legitimacy of the global regulatory structure or the people who are governing things and the solution isn't just simply to fire them in an election because we've done that the united states we replace the bushes with the obamas with the trumps these are all radically different people yet wall street behaves exactly the same way despite the fact that management has changed we've seen huge political changes from left wing to right wing and nothing is different my belief and the belief of people in our industry has always been the only way to change things is through incentives and economics and markets that are fair as opposed to asking for permission to change things at a ballot box or electing the demagogue of the week now people can disagree with us but the reality is we've devoted our lives our money and our day-to-day efforts towards this end and while they can disagree to call us criminals or say our entire industry is illegitimate because we choose a different philosophy and we want to live a different way and we'd like to be treated differently than how we've been treated is insanity it's demeaning it's disgusting and it's one of the most insulting things a person can do i am not a criminal for endorsing an economic system that maximizes people's personal freedom and liberty i am not a criminal for endorsing an economic system that thinks people are smart enough to be able to vote with their dollars and their feet and enter economic systems that have different regulatory structures we are not an unregulated industry in fact we are the most regulated industry in the entire world why because our regulations start from mathematics and first principles whether i wake up or adam back wakes up or greg maxwell or someone else wakes up and says you know we just want to change the monetary policy of bitcoin no matter how prominent powerful we are can't be done and it's the same for cardano this requires an overwhelming majority of the users of the system and the more decentralized the system becomes the stronger the social contract of the system is and it takes a lot of effort to actually change that so there is no concept of an unelected group of people in shadowy rooms making arbitrary decisions to print trillions of dollars out of thin air and give it to their political friends no the values are what they are and the rules are fair if you play a game of chess during world war ii and the ghettos of poland you play a game of chess in a gulag in russia you play a game of chess in the united states and central park the rules are the same it doesn't matter about the particular of the players or what's going on doesn't care about if you're happy or sad if you're in a good position or a bad position the rules are the same and our financial systems should work that way as well the rules should always be the same and that way at least we have some belief that things are predictable our problem has been that the rules are not the same and they haven't been perhaps ever in the history of the financial industry different people get different rules j.p morgan got to play by different rules than the farmers and the organization that still holds his name gets to play by different rules than my company does that's not fair and i can't go elect a president or a congressman or a senator to change that we've tried it the only way we can make it fair is to pull this industry into protocols the internet behaves predictably the same regardless if you live in a total delarian regime like north korea or the united states because they're using the same protocols and they have to do all these kinds of bizarre kabuki things like in china with the great firewall to try to control and constrain that in some cases they're successful often they're not i would like to live in a world where my money my property my identity my ability to express myself behaves the same regardless of who i happen to be where i happen to live or who i was born to or how rich i am to say that this is a scam and that there's no merit or value to what we do as a system is just insanity you know another misconception that i've seen is this concept of a blockchain is just a database there's no value to that this is another example of we're very smart people in one domain think that there's this transitivity to wisdom and intelligence the same people who believe that don't seem to understand how modern business works in any respect if you are ford or gm or spacex or any modern company that has to work with other companies to achieve something like launching a rocket or shipping a car you have to work with dozens of different companies you don't control and every single time you do that friction occurs because those companies are regulated differently they have different management they have different business processes different levels of professionalism and you have to write complex contracts and other arrangements to try to keep the federation together and almost always you have a situation where one or more of those actors are a bit delinquent on things even the best of companies like apple run into this on a daily basis and the global cost of this commercial friction that occurs is in the hundreds of billions of dollars throughout the world the whole reason firms like ernst young and pwc and mckinsey and all these other firms exist in part is to try to resolve this very problem that's not a database problem it's a commercial friction problem the point of blockchain technology has always been that you get a group of actors who don't fully trust each other to create a common set of rules amongst each other so that they can work together and if they follow those rules there's a cooperative equilibria and that commercial friction goes down that's not a scam that's just life walmart has to live this way when they get their food suppliers and they sell 40 billion dollars worth of groceries every single year amazon has to live this way when they have to syndicate and work with a massive logistics arm to be able to get you a package same day or in a single day every major company that has to deliver something to you that requires a third party to help them in that process in some way has to live with that commercial friction and on the permission side and perhaps even the permissionless side the goal is the reduction of commercial friction that's a worthwhile endeavor and that's why this technology exists now on the permissionless side we are talking about alternative markets for association commerce and expression and there we're talking about saying perhaps the government should not be the root of trust for your identity perhaps the government should not be the root of trust for the central bank function perhaps the government should not be the regulator of last resort or primary regulator of the marketplaces and there are different ways of structuring these marketplaces perhaps when we talk about international trade and settlement we should have a transnational system instead of a local system to accommodate that because of variations in the rule of law this is especially important when we talk about the developing world where three billion people are excluded from the world economy now why do these systems require tokens because you have to incentivize people to maintain them otherwise you have a tragedy of the common situation and you have a patron situation where a small group of actors behind the scenes can take over the system and run it in a shadowy way and basically insert all kinds of kabuki and censorship the token economy is what allows you to go from a single computer mining bitcoin in january 3rd of 2009 to mammoth warehouses of servers competing with each other in 2020 and proof of stake is just merely an evolution of that particular system and apparently this is the greater full phenomena even though it provides real utility for example all my employees in ukraine desire to be paid in cryptocurrencies not local systems that don't use the local banks so for them their entire livelihood is based on this system and that is the case for many thousands of people how is that the greater full when real utilities being provided to them and then we ask ourselves would you like to get a loan very soon competing products will exist in the d5 space that are significantly better than local loans for hundreds of millions to billions of people already with the innovation stable coins we've seen enormous amounts of iterations occurring to a point that within a few years we should have transnational stable assets that can be used for insurance and lending products that do not require faith in a particular banking institution or jurisdiction all of this innovation was again occurring first from the principles of math-based regulation the highest form of regulation and if you want to instill all local regulation it can and is being done and it's being done in ways that can automate it and make compliance cost one to two orders of magnitude lower than the compliance costs that the most optimized organizations like chase pay on a regular basis again the author of that article seemed to think that there is no utility to this and it's all just one gigantic ponzi scheme because he has no clue what he's talking about he has no knowledge of the actual real financial system and he's just parroting things the same things that people who bred horses were saying about cars when they first came out because they couldn't understand the model and where the model goes and that's okay not everybody gets the revolution i i remember my grandparents when the internet first came out they didn't get it they didn't understand it they didn't think it had any value and they were often going to criticize it it didn't delegitimize the existence of the internet it just meant that it would take them a little bit longer to finally get why we do what we do but that is why we do what we do on the business side the reduction of commercial friction and on the permissionless side of things the maximization of liberty and freedom for people give people economic identity and alternative systems because the systems they have are failing them in some way or another either because they live in jurisdictions of capital controls and lack of rule of law or because the government has done things in a way that are just blatantly unfair to the least amongst us and they want an alternative that's more fair for them it's quite that simple we have tokens because those represent incentives those represent ownership in these systems and they give people basically an alternative way of managing it without centralized control and they flow from one user to another user the same group of people aren't there year after year there's different people and that token economy is quite effective we've seen it born an entire industry worth half a trillion dollars in under 10 years we've never seen that before in human history yes people abuse it and there are problems i personally in 2017 said ico mania was counterproductive that apparently was omitted from the author's article and yes many of the icos will produce nothing but how is it fair to hold that standard when ninety percent of venture-backed investments fail amongst the best people in the industry the ten percent that do succeed create the googles and the facebooks and the apples and the intel's and the microsoft's of the world and similarly the small set of funded ventures that do succeed have created the ethereums and the cardanos and the others which will push the entire world forward and help us deliver universal economic identity already we have seen new kinds of jobs materialize in these platforms and these platforms have great promise to provide funding that is free from patronage and free from alternate ulterior motives for open source project development our own company has put in millions of dollars into the betterment of haskell again the author omitted all of that from his article apparently it's blood money from his perspective tell me how will we ever get to a point where open source infrastructure can be made in a more pure way and people can work every single day and not have to worry about who to sell to so that they can just create things that are useful and other people can use those things isn't that a better society to live in this is a model that can get us there it has moral hazards that need to be corrected but we are as an industry correcting them year by year it's getting better to say that we've made no progress since 2013 since 2012 when these things first started happening is blind it's myopic and just pathetic and it's diminishing and demeaning to all the people wake up every day trying to create something great but it is what it is what can you do so to our community be better we don't need to demean people or criticize people or be mean to them just ignore them and myself included i'll do better myself to the world we're going to go change you it's going to be a lot of fun and to the people that we're working with we love working with you all right anyway let's get to your questions can you talk about ben gortzell and agi i have talked to the move project over cardona we are definitely talking to them and ben's a big fan of uh cardano and we're having a lot of fun uh with those discussions we should be able to announce something about some form of collaboration soon but uh we're not quite where we need to be yet there's still a lot of back and forth between jerry and ben and so forth but i'll update you guys soon my apologies my question may sound naive but if a country needs a stimulus such as one of the eu how is the blockchain going to help on that matter well actually it's a humongous efficiency game so let's say that you have a blockchain based identity you also because of the way these systems work have a payment and settlement system so if you're able to identify all the people in a society through some decentralized means and they're able to prove who they are and those are also wallets that can hold funds then what you can do for a stimulus program is say register a wallet through a transaction and once you've done that we'll send your stimulus money to it and in the click of a button you've just distributed stimulus to n people so as many people as you want in that society you also use it for voting as well so you can use that for voting registration so the whole mail in ballot and voter fraud issue that we're running into and the how the hell do we distribute six trillion dollars of checks and make sure that people get it instantly and instead of waiting several days or weeks or months is completely resolved by having a system like this and you get proof of payment you can see the public ledger that those payments have gone out people know it's there it's instantly accessible to them and they can do whatever they want to do with it and you can even create special accounts that have restrictions on how people can spend or do uh based upon the policy that the government has for example the government wants to universal basic income but say that ubi can only be spent for a collection of goods you can create a special address structure with special terms and conditions and rules and pay ubi to that and only approved merchants and vendors can receive funds from those accounts so you could eliminate a lot of the waste fraud and abuse behind food stamps and other social welfare programs and your cost of delivery is extremely low you just onboard people into the system once and then they can use that same system to vote hold property to receive payments and to spend from easy peasy suggestion can you change the name of the euro wallet a lot of people seem to conflate your roy and emergo with iohk we are not um a mergo and we are not uri it is a separate legal entity i hold no equity in it have no control over it and uroy is their product so you know i love the product i think it's a great product and they're a great company but we're different companies so i can't answer uroy related questions other than to give my opinion on perhaps what we should have my sound is clicking is my sound still clicking for you guys you guys hearing that okay yeah i'm on a fiber optic internet connection this is a two hundred dollar microphone um it's seven thousand dollar computer 256 gigabytes of ddr4 ram um you know a amd threadripper processor you know multi-terabyte storage m.2 i got an rtx card in this it's it's pretty nice yeah i see that one a lot i said there's been a lot of fun recently around cardano's early days and some shitty japanese websites and cardona being a gaming coin can you please comment on this clear the fud i've already commented on it multiple times the only community that seems to want to push this narrative is to teso's community again i think it's because they just want to compete with us and they think maybe by lying that's okay the narrative is always the same we started as a scam shady gamble coin that was exclusively marketed to old vulnerable people and then when we read the taizo's white paper we woke up and said wow we can just copy everything that they do and copy them and then try to go legit that's the narrative that they push and their evidence for this is there's some websites in japanese that say cardano is a gaming coin which we didn't create or any of the core project members created or the foundation has anything to do with early in the project history there were some people that were very enthusiastic about using games to spread adoption and as we saw with things like crypto kitties for example that was quite successful in the early days of ethereum to create adoption uh but that by no means was the core point of the project the project was always supposed to be a financial operating system uh the whole point of the project was to build a platform that could do the things that something like ethereum could do but be what we termed to be a third generation cryptocurrency which meant that we could scale so as we gained users we stayed at the same performance level or increased that we were interoperable we could talk to many systems and we were sustainable meaning the system always had funds and governance mechanisms to decide where to go and how to pay for things this was the core of the project from the very beginning now yeah tazo's white paper came out i don't know 2015 or something like that great for them i've been talking about these things since i did my ted talk publicly in 2014 and i was the ceo of ethereum and this was the original plan that i had when i was the ceo of ethereum back in 2013. so what i left ethereum decided to go and defraud a bunch of old japanese people which by the way there were none it's like the average age of an ada purchaser i think was around 30 or something like that but okay let's just lie they just love lying it's their whole thing in life um and you know then then somehow along the way we just decided to go copy some project that a guy working at jp morgan whose ip probably belongs to jp morgan uh and that's why there's a suit in him on the paper by the way uh you know let's go copy that whole idea by the way there was nothing material meaningful in tazo's white paper about how to actually implement a governance system there was nothing material meaningful in tazo's white paper about how to what programming language your programming model to use so there was no smart contract model there was nothing material meaningful in the teso's white paper about the consensus model arthur had to figure all that out for himself and the tazo's community doesn't seem to be able to admit that there is no overlap in our designs and protocols with their designs and protocols zero we use a completely different accounting model we use extended utxo they use like more of an ethereum style account we use completely different consensus protocols that are based on years of academic peer-reviewed research those are not we use completely different programming languages mikkelsen is nowhere near what plutus looks like or marlow looks like for example it's a completely different model in that respect there are completely different network stacks their network stack looks a lot more like what the ethereum network stack looks like ours was based on concepts from the arena world so there's no protocol level similarities there's completely different approaches on how to achieve scalability interoperability and sustainability our governance system is being built in the voltaire framework all of that was based on research from lancaster and the european union where the european union paid us money to look into these things and you can see how we're setting up our voting system and we're starting with a treasury oriented approach as opposed to a proto call update oriented approach as the starting point to build up governance and we're just getting started there and again there's no overlap in that design with their design so we have completely different designs our designs are very complex and they're the result of five years of research and development and there's nothing copied from their ecosystem and according to them we're just a complete carbon copy and we started as a shady gamble coin how can we inspire the people we did and operate the markets we do and do the things we do if all we ever wanted to do was defraud people second the time to have done it was 2017 when ada was over a dollar so what we just decided no we'll just ride the whole wave down be good actors all the way until the tail one day we'll screw everybody it's it's just insanity and it's laughable but they believe it they really do it's like in their dna and their bones it's it's like a conspiracy theory at this particular point but you know if that's the kind of community they want to have and the kind of rhetoric that they want to foster okay and i keep saying it would be nice for the tesla's foundation to issue a statement and say oh well but the taylorville foundation doesn't run everything but don't they have 600 million dollars and don't you brag all the time about how they're the custodians who will deploy that capital to get kezos where it needs to go aren't they kind of the closest thing of an official voice that you have in your community i understand you're decentralized great but the reason why people invest in you and build on you is because there's a custodian who has sufficient funds the reason you did an ico is to have a custodian with sufficient funds so if you have that why can't they at least have the courage to save their community cardano is not a gamble coin we disagree with them on things and sure maybe charles is an from time to time that's fair but they're a legitimate project let's stop the pettiness and let's see where we can find common ground and work together but they won't do that absolutely won't do that uh because they know there's benefit and having their community spread this particular narrative and attack us in every possible way in the shadows it's pettiness and it's pathetic you know it doesn't occupy any thought in our competitive mind space or where we sit as a project i wake up every day i could not care less about them it's their thing and they can do whatever they want to do you know and they can build whatever they want to build we're not even competing for the same customer bases at least on the iowa global side on our side we wake up every day we say economic identity so we're in ethiopia they're not there and they have no desire to be in that marketplace we've never once run into a single person from the tesos community in that area trying to build a project on tazos maybe there are but we've never seen them so why should we care about their project and their success the only thing that dismays me is i keep seeing the narrative being pushed time again time again time again time again time again and i say guys come on this is insanity even the eos people have given up a bit and we've reached kind of an uneasy piece i don't really say much about eos anymore they don't really say much about us it's like you guys be you we'll be us we'll do different stuff okay even the ethereum people have reached peace at this point occasionally they attack me as a person but they tend to leave cardano alone and we tend not to do much we still write papers about their stuff like just the other day dns has created a very efficient gas verifier for side chain transactions to bitcoin and ethereum and there's beautiful paper so there's still research going on in that particular space and we understand the evm very well so this particular community though it's just very insular in that respect okay it's their detriment absolutely their detriment if they can't see five feet in front of them and realize the things that we've done are legitimate and are real uh you know and unfortunately this is the case and and it badly damages companies apple ran into this exact problem with microsoft in the 90s and the genius of steve jobs was to end that a very pronounced way so in the 90s microsoft was the arch enemy the evil empire and apple had to get vengeance and and somehow reclaim its throne from evil microsoft and then in 1997 when steve jobs took over apple uh he realized that the company desperately needed a bailout so the first company he went to to do that was microsoft they bought hundreds of millions of dollars of apple stock and it provided apple the financial resources it needed to get to the imac which in turn allowed them to get to the ipod which in turn allowed them to get to the iphone become the great company they are today and steve was able to change the narrative and say to the apple community microsoft is not the enemy anymore we need to move on we do different things we think about things differently we'll compete at times and other times we can collaborate be friends and one of the most profound things you can watch is go to youtube and google steve jobs 1997 microsoft or something like that entered into the youtube search bar and you could actually watch the presentation where steve jobs buried the hatchet and ended the patent disputes and started a partnership with microsoft and it was mutually beneficial at the time microsoft was dealing with heavy anti-trust lawsuits and they didn't want apple to go out of business because they basically would have become 100 of the market been problematic for them so they kind of needed somebody to be floating around that could compete with them as a as a show and turned out to be one of the best investments microsoft ever made buying that apple stock in 1997. so similarly you know great leadership allows communities to pivot and change and change their perspective about other projects and people and allows you then to achieve your own goals and we could accomplish as an ecosystem much more together than we can apart and you have to let personalities go away and be a bigger person from our part we're happy to work with anybody from the tazos ecosystem i think there's a lot of good actors there and a lot of good ideas there and a lot of mutual things that can be accomplished it's their decision whether they want to keep pushing the narrative that we're a casino coin built to defraud the elderly until we counterfeited their ideas um cue adidas that's an interesting project so q adidas is something that a pseudonym named bill white probably a computational logician or some form of mathematician with a love of logic uh wrote years ago and bill and i are good friends uh we talked a lot over email and um yeah he sent me uh the white paper and and we talked a lot about realizing the project but basically what q adidas is is it's a marketplace for deduction so the way that mathematics in particular is constructed is in a very analog paper-based way with handwritten proofs or you know typed up proofs that machines don't understand so we as human beings can use our fleshy brains to read proofs on paper and then we kind of make a judgment does that proof make sense and there's varying levels of rigor based upon the field of math and the expertise of the reader the problem is that mathematics has been around for so long and there's so much that's been done and there's so much specialization that if you were to put all mathematics into a tree you kind of have like a trunk that comes up so you have your foundations and your set theory and your logic and these things and that's kind of like the the trunk that it lives in and then you have all these branches that come out like number theory and analysis and topology and algebra and then all these little sub branches that come out that are specific fields of mathematics it's getting very difficult for a commodore tourist to be able to read a topologist paper or a number of theories paper or something like that even though they have that common core and the problem is the papers are getting too abstract and there's not enough domain experts around to actually properly referee them so either have a huge latency in the review of math uh or you have an uncertainty if math is moving in the right direction or not so you see this with things like sinichi's abc conjecture proof there's just not enough people floating around that can read and understand it to a point where the community can even have an opinion on whether the proof is right or wrong now some of this is sinichi's problem because he's not particularly friendly to helping the verification effort along like andrew wiles was with vermont's last theorem but the point is we should never be in that situation you should have a situation where you can self-validate as much as possible using a machine that the proofs you write are correct so the point of the key adidas manifesto and the extension about the q adidas project that bill white started was to see if you could create some sort of blockchain that could host mathematical proofs proofs of deduction and incentivize their creation and validation so suddenly mathematicians could work full time instead of for a university for a blockchain and write mathematical proofs all day in ways that machines can understand and they can be self-referential so that tree of mathematics can become transitive and machine understandable okay so when you write your proof for your particular branch or your leaf coming off the branch then you can connect that to a whole series of prior results and then you can focus specifically on the things that you're worried about the reason this hasn't been done is that it requires a lot of specialized skills the tools aren't quite where they need to be and to actually express the tree of mathematics and uh in a way that machines can understand is like thousands of man years of effort it would be the single largest endeavor in the history of mathematics and the second great reformalization of mathematics after the hilbert agenda in the late 19th century early 20th century uh so key adidas is kind of an attempt to say perhaps we can turn this into a crowdsourced thing and if we add the right incentives the same things that you can go from a single computer mining to thousands of miners and big data centers you could go from a single person proving things to tens of thousands of mathematicians around the world proving things and within a generation we'd be able to re-express all of math on uh more solid foundations now uh people been thinking about this for a long time martin loff for example uh in the 1970s there led to the creation of something called homo topi type theory uh and there are a lot of really good ideas on how to approach this now i'm personally quite keen to do something in this field and i think it'd be really cool to build q adidas as a project on top of cardano and issue a token a native asset that would represent that marketplace for deduction and then build a lot of off-chain infrastructure hopefully that can be run by users uh that would facilitate this so it's something we're going to build a prototype team around in 2021 and start exploring if it's possible and we can get the right incentives and economic model and then we can build lots of partners the other thing is i'm really keen to build better formal tools than or agda or lean to actually prove things and it would be really cool to bring those tools into the browser so it would be nice to take a framework as robust as sage or another computer algebra system and pull that into a browser extension that's very easy to install and configure and a lot of beautiful built-in tutorials and make it very student-friendly and then we can integrate this as part of the pedagogy of modern-day mathematics the other thing that i'm very passionate about are open source textbooks and what i'd love to see is if this system worked with a treasury system the same tokens that could be used to incentivize a marketplace for deduction could also be used to incentivize people to write creative common licensed mathematical textbooks math tends not to change too much at the trunk and branch level it changes at the leaves so everything you'd need undergraduate and graduate to get through could be rewritten in a very collaborative crowdsourced way modernized for the 21st century and then distributed along with that framework so it'd be cool to have a great cas in the browser an open source textbook project and a marketplace for deduction and rewrite the foundations of math on something like homotoolbe type theory instead of zfc set theory it's a big passion of mine and probably not a big market winner you never know though you know there probably could be some way to monetize it well think about it but it's more something that i think would really help the mathematical community as a whole um okay this is a common misconception misconception is the cf very selective when it comes to exchanges or exchanges the ones that control listing of data no one can stop somebody from creating a marketplace for a cryptocurrency if it's a real cryptocurrency at any time they can just install a full node and then tell people this is a marketplace to trade it and send your ada here and you can trade it for other assets in guadalajara so that can't be stopped now whether that experience is easy straightforward fun has enterprise level support behind it and so forth obviously that's where organizations like the cf come into play and they help support the community of professional regulated exchanges get where they need to go but there are no barriers to exchanges anybody can do that if an exchange wants to do that and what we've done with address dia is we try to create a really beautiful framework to make it very easy for exchanges to work with cardano on both the rest api and graphql level both those things are functioning and the proof is in the pudding if they can easily upgrade and next week we see most exchanges come online or the week after then we've accomplished that mission if it's really hard for them to upgrade well obviously we need to do a little bit more work to get there charles could voltair be launched next year well voltaire is already launching this year but the way voltaire is structured is every six to eight weeks there's an experiment and experiments build up more capabilities in terms of use and utility accessibility user experience and voting methodology as well as improvements on the submission side of ballots and the innovation management side of improving the ballots so that's going to continue by q1 of 2021 i think we're going to have a very stable framework that's going to be able to do a lot and we have some surprises there michael lesser to answer your question uh that's august 3rd and darko will do some form of video on the itn rewards to explain how to redeem them was byron version one written in haskell or rust it was written in haskell haskell doesn't make your program great so this is a common misconception you can choose like for think of a lamborghini okay just because you own a lamborghini doesn't mean you're jason statham and the transporter and you're an amazing driver and you can do just crazy stuff with it okay you're you're not jeff gordon you can't be an expert racer you have to have the requisite skills and knowledge to be able to use that tool to accomplish something with it so if you put a professional eraser into a lamborghini they're going to be able to do a lot more with that tool than they could do with a ford mustang for example well similarly if you put a professional brilliant programmer to a great framework like haskell and use those tools and they are very skilled with it they can do amazing things with it but if you put an amateur with it it's just like having an amateur at a piano or in a ferrari or lamborghini they're just going to screw everything up so there was no haskell rust issue there it was just the team of people who delivered the first generation of byron didn't really have the skills that they needed to get it done and that's one of the core reasons why we had so much pain throughout the years but it made us better and we fixed all those problems and now we have those really pro awesome people showing up every day who are working on the shelly code base and that's reflected by the very smooth transition without incident and there's nothing wrong with mustang by the way i'm a ford mustang's a fine car it's just not a lamborghini and that's why the lamborghini is five times more expensive any takes on nixos it's very popular amongst our developers and our devops team in particular are you still taking lion's mane and how did it work yes i am and it really helped me a lot wrote some code the other day because i had to for the stake pool and wrote it in python actually remembered a lot of stuff we're actually doing a lot of data science work right now and we're using the jupiter notebook and the anaconda framework for it uh and pandas and it's uh it's actually a lot of fun writing python code as you just you can just rapidly uh prototype and do cool things and you ask a question you have an answer in like 20 minutes i love python it's a phenomenal prototype and data science language are you planning to learn archery yeah at some point i'm going to do that so okay uh how are the geese they are named strings and wings i named the goose strings primarily because he likes eating things uh he ate a big long string and i couldn't get it out of him but he's okay and then he likes eating jewelry as well he actually ate a pair of diamond earrings had somebody over and the goose was in her lap and the goose went on the air and took off the area i was like wow it's a very expensive goose good old springs all right 50 cal sniper rifles and farms go hand in hand yeah don't mess with uh farmers don't do that pretty much every farmer i know is armed in some capacity and a lot of them are veterans and their kids are in the army or something like that that's the backbone of america's food chain and defense chain it's just a real stupid idea to break into a farmer's house you can now incorporate artificial intelligence to your new game and have it write code with gpt-3 from openai you know i got to look more into gpt-3 it's a really cool thing and a lot of people are saying it might be very useful for uh generative dialogue so i'll uh i'll talk to them about it just i i've been so out of the ai stuff when i was a lot younger i hand wrote a lot of artificial neural network things and c plus that was hell i hated doing it but it was a fun experiment um and then all these frameworks came out and these kids today have torch and all this other stuff to use that's super user friendly and it looks like all the hard stuff is abstracted away and you just get the business of writing code so it'd be really cool to see what the latest and greatest is did twitter accept your proposal no they did not unfortunately is it true that cardinal is limited to a thousand pools only no it's a soft cap do you still use c plus plus no i have written c plus plus code in over 10 years it's been a very long time i still write code in python and javascript as well because you know most of the times where i have to write code it's when i'm curious about something and i just want to write a one-off script or program or i want to automate something i haven't written any like in-depth code in a long time do you use css and html no i do not css html is commonly used by the daedalus team because they uh they do a lot of cool stuff there and actually by our web team in particular you know for presentation you can build gui with javascript and html5 and css3 kind of a web oriented gui like i believe we did that for the voltaire voting app and i think they use a framework called react polymorph for daedalus ak or ar ar15 is a great gun but i'm a big fn fan a scar is a much better assault rifle will there be a detailed road map for gogen like there was before shell yeah we'll have something like that uh uh come on give me something good guys well speaking of hollywood there was a book that recently came out called the infinite machine on the history of ethereum and i was in the book and there are several chapters actually i'm in including the eponymous red wedding chapter which talks about my departure from ethereum and um is a very good chance that that book or one of the following books that come out will probably be optioned for a movie at some point so i wouldn't be surprised in 2022 or 2023 to see like a social network style movie adam aaron sorkin or whatever the hell his name is style uh come out on the history of cryptocurrencies and ethereum hopefully cardano and i guess the success of cardona will decide whether i'm a major or minor character in that but i'm certain that they'll screw everything up and get a lot of stuff wrong and i'll be an interesting character you know the hollywood connection though uh from my site is that you know i'm gonna start a video game company i'll probably call it frontier studios or something like that and more likely than that we'll set it up in wyoming uh if you create a really successful video game then usually netflix or somebody calls you like for example the witcher and says hey let's do something about it so we'll see what happens there but the the boundaries between hollywood and you know film and show making and video games are becoming very porous because that's a great market so it'd be a lot of fun to do something there legends of valor is coming along pretty well still thinking about a few things we got enough the source to really understand uh what needs to be done and i've been designing the game mechanics and the and other things in my spare time but i haven't had a lot of spare time unfortunately so but you know we have a pretty good idea how we would build the enhanced edition and the distribution model for it so probably do what beamdog did with baldur's gate but i'll probably give the enhanced edition away for free and deploy it through gog and other services steam gog et cetera et cetera is free to play and get a lot of people there and it'd be fun to pull some cool things in like algorithmically generated music and generative dialogue trees i thought a lot about alternative physics engines like putting some non-euclidean geometry and variable stuff like variable time and things inside the gameplay mechanics and a lot of really cool puzzles that could be put in uh but you know this is just one of those things where you're like it's like time is finite life is hard gardening season is here just bought a tractor got myself a massey ferguson gotta harvest the hay when mobile wallet charles there's already a mobile wallet it's your roy mobile it's pretty good yeah actually if you want to blow your mind go to youtube and check out non-euclidean geometry game engine there's some cool videos on that spherical geometry as well there's some cool videos on that how are cardano and lists different well why don't you look into it still waiting for bald arts gate 3. yeah that looks pretty good doesn't it yeah the right studio is on it too divinity 2 was just great could it be used for in-game purchases and legends of valor absolutely be a great way of driving in fact it'd be cool to make ada the only unit of account that you could use for in-game purchases and microtransactions that'd be really fun ah in terms of typescript we are planning on doing a rewrite of daedalus using typescript uh but we're not planning on doing a full node in typescript uh that'd be a real fun thing to do in 2020. etc split it into two chains oh yeah i heard there was a 51 attack or something like that you know what makes me really sad about etc is that it could have been so much more i i you know joined etc for philosophical reasons and i said that i was around in the beginning the ico was done there was this code is law group and then there was this other group of people who uh were saying like build a world computer and move as quickly as possible and unfortunately took money from both so somehow ethereum had to service both philosophies and then the dow hack forced those philosophies to split to a point where they could no longer coexist in the same ecosystem they actually had to have separate chains great and i felt it was in the best interest of the ethereum foundation to support both philosophies and let the market decide instead they chose to only support one and demean and diminish the the other one and i remember people from consensus tweeting just dumped all my etc so glad to see the price go down hope it goes to zero or something like that paraphrasing of course uh so i said well you know what i i was around the beginning and if nobody wants to be a custodian and help out i'll see what i can do so i put my money where my mouth was and i said well there's already clients that are running temporarily what they have but we need a code base to diverge from that is not reliant on the ethereum foundation or parity tech or any of these other actors so we put a million and a half dollars and we built mantis and it took a year and a half to build mantis and scala it's to this day one of the best products our company ever made and if you actually want to watch real time us building it you can go to the iohk youtube page and you can look at the old historical videos and every week we had an update from alan mcsherry and the developers demoing what they accomplished that week for mantis and then we released the full client and that actually when it was released it worked with both ethereum classic and ethereum so i ended up building an ethereum full node now once we had done that we really wanted to install a treasury system and do an aggressive roadmap and diverge much much more so from where ethereum was at and we proposed that and there were certain actors in the etc space that just treated us like dirt for no reason at all the etc dev guys in particular were just vicious and they said the treasury system was a hostile takeover just all this noise and so i said well we're not making any money we spent a million and a half dollars of my money building this full node it's open source we gave it to everybody we demonstrated that we understand the technology as well or better than anybody else because we built the system from scratch we didn't use anyone else's stuff and we have a roadmap and you guys don't want to do it so where how do we participate in this ecosystem i mean cardano's technology is massively superior to ethereum's technology pound for pound and we'll all see that in 2021 as we compete for dapps so why would we then advocate people to build on ethereum classic in its current form with its current roadmap doesn't it make sense to diverge and go somewhere else unless we were paid to work on it we asked for a grant and they said you can't even get full funding so we would maintain the infrastructure at a loss and we look at dap deployments on etc and they were declining we looked at hash rate it's stagnant or declining we're like there's no future here guys if you don't innovate but i still tried to play nice we went to the events and i we spent a lot of money and time sending people to various things and trying to build bridges and so forth but it's just a great example of what happens when you have a static community that really doesn't want to change too much and it's in love with a particular way of doing things and they think that their way of doing things is so good that it's self-evident to everybody and that because they're doing is just going to be successful and we're like okay but there's really no place for us in that that said we got the mantis team we learned a huge amount about ethereum along the way by building an ethereum node uh we learned a lot about solidity along the way there's a huge amount of upside to that and we kept that team working on something else and one of these days we'll release that and i think it's what could have been but you know bygones be goodbye guys not everything works out the way that you uh hoped um and you know i made a lot of friends along the way we met a lot of people along the way in the etc community that are still friends and they still work with us and it was always the right decision i don't regret it um you know they had a moral and food issue obligation on the ethereum foundation side to support both chains and i felt that i had a moral obligation since i was there in the beginning to do something for that alternative chain and it ended up working for everybody else so everybody won in the end yeah i'm getting that mike has a static noise yeah you're not the only person to say that i noticed it in my prior video maybe it's the noise cancellation that is with the thing i'm not sure let's see our webcam stream oh well yeah i got some crackles from your mic charles yeah exactly it's the mic ah well it's too late to switch it we'll just have to have a crackly ama i'll switch it out later ugh no i didn't have a chance to do a week-long fast i will do one soon though i had to stop for a variety of reasons all right almost done with the live stream let's see if there's anything else here just finished moonwalking with einstein thanks for the recommendation super fun read crazy the things i can remember now well i'm glad to hear that it's a wonderful book josh iv matt wrote the book and it kind of changes your entire view on memory i'm not the ceo of ada never bet never will be all right there is no ceo what company do you think will create the vaccine first it's badarnos to win um it to lose i should say uh they have a really good chance of surviving the the phase three trial there are three separate platforms but the baderno vaccine is probably the one that's going to be the first to market that said they use different mechanisms so there's a potential that they could maybe be layered it'd be an interesting thing to see if that's the case but there's a real good chance that it's going to work and work by the winter to early spring so the best case scenario is after it clears the stage 3 control trial if it has greater than 50 efficacy we could see that vaccine by november december worst case by march of next year but somewhere in that time frame if it's proven to be effective and there's good evidence of that safety and efficacy now many of you will say but i'm not going to take the vaccine or i don't think it's tested enough that doesn't matter why a vaccine matters is it means the world can get back to work the existence of one will get rid of these masked laws and allow us to stop quarantine and travel freely and so forth and if not well you know what i'm going to take a break from being ceo of bioglobal and take to the streets and start protesting myself you know they keep moving the goal posts and now we're at a point where it's for a vaccine and once the vaccine comes out if it's effective there is no reason to maintain the state of affairs outside of total tolerance control so the government at that point is lost legitimacy and needs to be overthrown so hopefully it doesn't come to that but um i don't know you know some people seem to think that this is a good idea to do perpetually but we will never get better than a vaccine and i don't care if the disease is dangerous polio was dangerous tuberculosis was dangerous there's plenty of diseases that people spread to each other that are quite dangerous and or they get from nature that are dangerous you still have to live life at some point the goal posts have been moved to a vaccine we got three of them coming out by the end of this year to early next year and millions hundreds of millions of doses are being made and will be distributed there is no reason for uh society to be shut down at that point so hopefully we can all get back to work and forget about this we can move on you know if we can't well then we have much bigger problems in society and by the way that's not me talking uh doc b i was just watched the faust cheat testimony uh in the u.s congress and i'm actually literally quoting dr fauci on the availability of a vaccine so he's cautiously optimistic the companies that are making them are cautiously optimistic and they've been doing this for a long time because they have a lot of experience with flu vaccines and there's been a lot of advancements in vaccine technology that are now being brought into the market in fact the modernity vaccine is a completely new way of doing vaccinations it was previously only done with animals and now it's the first time it's been done with humans and again doesn't matter if you want to take the vaccine or not take the vaccine the existence of it is legitimacy to reopen society so i'm excited to see it because i want society to reopen and for us to get get back to the business of business [Music] yeah and it doesn't take 10 years to develop a vaccine you can speed up vaccine development tremendously if you do it right there's enormous amounts of red type and bureaucracy and other things that get in the way especially when you're talking about things that you kind of already know how to do and it shouldn't take five or ten years to do that we learned this with orphan drugs we learned this with rapid drug development used to take 10 years to bring a drug to the market with the fda and then suddenly when we started lowering the red tape we could bring drugs to market a lot faster and it turned out that they were just as safe as the prior drugs um all right kids good time as always you've sold out shame on you fauci and gates are farmer murderers ah for murderers no i'm a sellout oh my lord guys stop worrying about coinbase stop it it's okay you know things happen in their time we're we're doing everything we need to do and everything is moving in the right direction i wouldn't worry too much about any of this stuff you know just be patient you know this is a product that's going to be around for decades to centuries it's all about how we construct it it's all about how we evolve it it's all about how we roll it out sometimes you get frustrated and takes a little longer to get something done but it doesn't mean it's not going to get done it's going to get done and we are there we are we're moving in the right direction [Music] 32. all right kids time for me to get back to work thank you so much cheers
