hi this is Charles hoskinson broadcasting live from warm sunny Colorado always warm Always Sunny sometimes Colorado today is December 18th 2021. how about that we survived almost all of 2021 we're still here we're still strong covet didn't get us politics didn't get US national debt didn't get us life is good uh and uh I recently had the great pleasure of going to a Meditation Retreat uh over in the mountains the Red Feather Lake mountains of Colorado and I really enjoyed sitting silently for seven days I did a video before I went and uh came back shaved a little bit cleaned up a little bit came into the office on a Saturday uh and last night I wrote a blog post about my experiences and I'd highly recommend you guys read it uh it's uh old blogger blog I refuse to use medium these days I'm just not Silicon Valley enough I'm kind of old school and uh basically I outlined what I experienced what I learned why I thought it was worthwhile and why others should do it and the things that you struggle with while you're there at least I struggled with while I was there but you know coming back I I really noticed uh some profound changes I I'm far more focused for example when I wrote that blog post it took about four hours to write and I started at 10 p.m last night because I was doing so much stuff I had 8 000 messages what I came back eight thousand um I had locked my phone and my gun safe and so I come home and dogs are greeting me I open up the gun safe and turn on my phone and it just goes oh no it's gonna be a long day so I started going through all the telegram messages the emails and slack and all this stuff so much uh and then I got through most of it by about 10 pm and I said I'll save the rest for tomorrow uh and I said I'm gonna write a blog post about my thoughts because they're still fresh and so it's only going to take an hour so I sat at the keyboard and uh started writing and editing and I look at clock 2p at 2 am what I finished it I didn't really feel the four hours just in great flow and that's the first real uh takeaway was outside of the the spiritual health and the emotional health and developing better coping skills was just the profound Improvement in cognition and focus and ability to be in flow I didn't anticipate or expect it to be as profound as it's been and it something is that I think I can keep up with and maintain and make some lifestyle changes to accommodate that um the other thing is that I've noticed that I just don't get really that stressed about a lot of stuff going through those 8 000 messages all kinds of horrible things have to deal with or just insane things have to deal with like I for example some of you guys know I own a Blackhawk helicopter um cat's out of the bag on that and it's an amazing piece of Machinery it's safest helicopter you can own uh and unfortunately you can't fly it anywhere it's under a restricted category with the FAA so you know you can only use it for agricultural use and I would needed something for dual use because my Ranch has lots of wildfires and so something you could attach a tarantula back to and fight wildfires and Medicine Bow but I also need a transport helicopter for people to Ferry them around and so forth and I said well you know I don't want to you know die like Kobe Bryant burn to death so it'd be good to get a helicopter that if you crash it you have a pretty good shot of surviving and that's one of those that plenty of crashed and plenty have walked away to tell the tale perhaps some people listening so anyway it's not a restricted category and it looks like we're in for a two three year fight to get it to a point where we actually have passengers on it without having to bend over backwards and there's just no reason it's just nepotism bureaucracy and politics because if it goes to General availability from restricted then the other defense contractors are going to lose sales of their platforms to civilianize Blackhawks as the Blackhawk gets faded out for the defiant stuff like that would bother the hell out of me the bureaucracy the madness the insanity of it at the meditation tree I had to wear a mask 12 hours a day in a damn room breathing like your only thing is to breathe and they're putting something that obstructs that and you're just thinking about the stupidity and bureaucracy and Insanity because everybody at The Retreat is vaccinated we had a proof of vaccination and had to show our cards and we're all isolated there so after three days there's no inflow outflow of people everybody had a coveted test probably pretty good chance that we don't have the disease and even if we had it we're vaccinated so it's not going to do much to us still have to wear a mask while meditating silently sitting in solitude and bothered the hell out of me for three days but then you know I felt a lot better and I started realizing that it's just a challenge to overcome and you know nobody there has any control that's just County considerations data Colorado consideration and uh people above the pay grade are making these arbitrary bad decisions and why hold it out against the people there you know that type of stuff so uh really enjoyed really enjoyed uh yeah anyway a lot more to say I highly recommend you guys read the blog post but I figured I'd go live on Saturday and talk to you for a little bit get to some of your uh your questions and I absolutely agree Charles is such a soy boy for the state oh come on man I'm not a silly boy for the state okay let's see here looks like they aren't working in New York City yet [ __ ] tell me about that so safe and effective vaccines hey Charles great to see I like the rugged beard look man yeah I did too the problem was that you know that thing was getting dirty you know food get trapped in it and so forth I was doing a fast four days I didn't eat I come out first meal I had was barbecue which was not a good idea but I said come on I love barbecue a whole beard was just soaked with barbecue sauce and all that nastiness I'm scrubbing it out ah [ __ ] this and I shaved it clean it up you know if you don't like it it grows back 721 people losing hope how so you know that's the other thing is you have to do this mindfulness stuff you have to have a practice for these kinds of things uh because there is really just so much toxicity right now on the internet and so much toxicity in society in general and I wrote that in the blog post where I was talking about how much stress and a lack of empathy critical uh you know very critical criticism comes your way and many cases it's completely unfair in some cases it's very fair if delays happen Okay people can be angry about that you know markets go up and go down if some people have been on the wrong side of that I can understand why they're a little frustrated and they want to vent sure uh but you know some of the criticism that comes out is just out there uh you know we're now getting by some Twitter people bullying for war crimes in Africa I've never been called a war criminal before [Laughter] guys I sell software um what's going on here but you know that's what they're doing the fact that you own a [ __ ] Blackhawk makes you love me uh makes me love you even more Charles well thank you the uh-60 is a great platform it's a great piece of Hardware they're real expensive to fix I found that out those [ __ ] titanium blades are ridiculously overpriced but usually you can haggle and trade and wheel and deal thank you for making the world a better place with your Blackhawk helicopter enormous Ranch that's an example of a passive aggressive comment perhaps you should go and meditate um the the Netherlands shutting down for Omicron yes all the data coming out shows that well it's more infectious it's less virulent and everybody's already vaccinated so when they get it they almost always have a mild case so isn't it a good thing that a mild form of disease is spreading around because it's like the booster shot when you get it you get broad spectrum immunity to many variances trains oh well let's not use the uh let's not use any common sense as a real full peer-to-peer going absolutely great I'm very excited about it we've written two blog posts and uh there's a lot of good progress and Shout out all stake pool operators that are helping us test it you have to be super careful with network changes that's one of the very few things that can actually destroy the network break it and create partitions if you screw it up and the network has to be co-designed with a consensus layer so you have to be very careful about these things with proof mistake less so with proof of work there's a lot of stuff in proof of work where you can segregate the two and it doesn't create any problems but proof of stake there's a there's a lot of interdependencies there so it's been difficult to come up with the perfect peer-to-peer protocol but we're pretty happy pretty confident with the uh with the design and it's been great to work with the people Cheryl has been a fan since you've had the giraffe on your dresser oh that's a long time ago that was the apartment um I wonder if you can speak to the Future landscape of the SPO and your thoughts of how it will evolve okay so uh partial delegation will come next year and I'm fighting real hard for proxy Keys it's like moving a boulder up a hill for these two things but we'll get that done partial delegation will bring delegation portfolios uh and proxy Keys allow you to create different keychains for colon keychains there will be many more income stream opportunities because there are Layer Two protocols coming like Hydra next year and side chains and all of those things will create opportunities for spos to duly monetize so they can run multiple pieces of infrastructure and create multiple revenue streams with the same setup uh so I think that alone is going to change a lot of the Dynamics obviously K will increase uh and uh the community will be in control of all of that stuff next year uh and uh I think there's going to be a lot more coalitions and portfolios as opposed to these competitive Dynamics we're also going to be thinking a lot about something called contingent staking uh let me actually take you guys through that I'll draw a little picture remember there's no mistakes only happy little accidents okay I'm gonna go ahead and share my screen here oh my holy yeah that was the last thing I was talking about when I was drawing a picture okay I think you guys can see my screen yeah you can okay so basically here's how contingent streaming uh streaming contingent staking works so as a normal SPO what you do is you register your pool uh and I'm simplifying things a little bit but this basic idea register pool on chain and then once you do that there's this idea of a of a place to delegate to okay and then two uh someone will delegate and that's a push transaction and that's push okay so how that works is let's say Bob is the SPO and Alice is the delegator she'll submit a transaction to delegate to Del 2 Bob and Bob will wake up and say yay all right I just got Alice's delegation well this is one way this relationship Bob doesn't have the ability to say oh no no no no I I don't want Alice no no no no no uh because she lives in Iran or North Korea or something like that Bob doesn't have that capacity and then the other thing is that we have problems with things like ispos for example where maybe you want to Blacklist the United States uh so you have this idea of compliance you know you have to ask like well where does Alice live um or you know maybe you want a situation where you have some sort of certificate that you can register but the rewards get paid to not Alice or the delegator but to another account and maybe the fees don't get paid to Bob but they get paid to Jim or something like that or split so you you know you have one account and another account where the fees get paid to uh and there's those Dynamics so we've been thinking a lot about a new structure we call that new structure contingent stake pools and so the basic idea with contingent stake pools and I think it's actually going to be somewhat straightforward to do this where price of Legend real changes so it'll have to happen in one of the three windows for the hfcs uh February June or October but the basic idea is that you'd register a special certificate and that special cert would mean that when Alice goes to delegate to Bob instead of it being a push it's more like a multi-sig so Bob will get an alert and say hey there's a pending delegation and what do you want to do with it so ideally inside the special certificate there would be Communication channel you know so some way that you could reach Bob maybe uh you know some sort of communication protocol like signal or maybe it's email address or things like that and then what can happen is that when Alice does that transaction she concludes metadata maybe it did and that did's already been for example KY seed uh by identity mind or some agency or something like that and then Bob it has to make some decision at some point to sign that and once he signs it then the delegation transaction is complete and submitted to the chain and it clears now the advantage here is that means 100 percent of the people who've delegated to Bob Bob has made a decision that that's okay and ideally you do that because there's some sort of logic so if you're doing an ispo maybe you have a terms of sale or some sort of agreement so you'd say okay well I need Alice to sign that before she gets her tokens for example and I want to do a dead to do kyc to say no us because we have to Blacklist them or something like that uh the other side of contingent is the ability to separate the payment addresses so rewards go a particular way right now they automatically go to the delegators Alice but you could build it so that they go to some other account but they don't go to Bob and maybe that's a charity so you can do provable payments the Charities been paid it doesn't get relayed through um you can do all kinds of things and there's actually a paper we wrote called conclave and conclave talks about the idea of Federated pools so let's say that you're a small stake pool operator and you really are having a hard time making it on your own what you could do is Posse up with a collection of other stake pool operators and you can have Federated control over one pool so this whole entity appears logically as one pool and the trust model is that you know as long as n plus minus one are not lying you're okay the pool operates so I highly recommend you guys look at that paper Mario larger and aglos wrote it I think last year or the year before that so it'd be fun to implement conclave it would be fun to implement this contingent State pool because this does handle all the kyc requirements for things like ispos and also the current infrastructure Bill unless that gets changed this would actually allow you to run a compliant entity regulated at these like University of Wyoming others who run cardano stake pools they do have to start out thinking okay you know how do we keep doing that in this increasingly harsh environment for proof of stake and this would be a path to do that that I think a regulated entity would be very comfortable with and then conclave is another thing so partial delegation so that the ability to stake to multiple pools from a single account proxy keys I would love to see contingent stake pools and I would love to see conclave and I think that would dramatically change and of course increasing K that's a given uh and then also reevaluating a naught in other parameters there have been many proposals from the community and as decentralized governance grows this is going to be something through the Sip process that eventually changes we've been doing a lot of really creative cool things and then finally new revenue streams and those revenue streams will come from all kinds of interactions with the side chains and layer 2 protocols and other services you can offer so it's quite an exciting time to be a stateful operator I actually think that we're going to have a great 2022 for them we'll see continue to see a lot more growth and my goal one day is have at least 10 000 pools and I think that's entirely doable as the interfaces get better and things improve and we build up mm-hmm yeah exactly this is an example of perception and reality frankly cardano has never been stronger in any sense of the word uh from every metric you could measure from transaction volume to dapps deployed on Cardone which there already are uh to use utility adoption the fact we're so close to our mission of finally disrupting uh the financial sector of Africa we actually have direct line of sight to how microfinance is going to work next year on cardano stable coins are coming algorithmic see stable coins so I don't understand why people say oh it's a failed project or we're so slow or we've accomplished nothing just by looking at the facts throughout this year of what's been accomplished what we've built and how strong the community is and what they're building the communities building um it's stronger than it's ever been in the history of the project but hey is what it is your sound is not optimal is that is that your sense guys can you guys hear me you said you'd be writing a book this year next year yeah actually I wanted to write a book on governance thank you for mentioning that I've been thinking about it I've talked to a lot of people like Jeremy Pitt over at um I think he's at Imperial I talked to John Buck I've talked to probably more than 50 governance experts this year we obviously have all experiences with catalysts I'm still learning and I'm still growing and I don't think I'm at a position yet where I can write the comprehensive magnum opus on these things but it is something I really want to do and I'm very very excited about things we can talk about the nature of decentralized governance I really enjoyed uh reading things like um culture and Empire and books like that the sociopath code from uh God created zero mq his name is escaping me for the moment it'll come to me in a minute uh he uh he was uh he died of cancer but he was a brilliant guy uh and he really had a great finger on the pulse of how open source project governance needs to work and how people need to think and it would be really fun to get into the guts of that and talk about how we're doing it on a scale of two million people at the moment and uh thank you for reminding me about it it is a thing in the JavaScript course is another thing that I'm real excited about uh the programming class and I'm still been talking to a lot of different people it's just I've been so caught up in the fine details like the Hoskins and Center at CMU and uh you know figuring out getting another author for mastering cardano because the one we had fill through this type of stuff it's it's this is just how life works you start with 96 things you want to do and you do 60 in a year and they're all awesome but you only did 60 and what about the other 36. any news on offline payments via secure chips well the place we were going to do that at was University of Wyoming and the lab in particular blockchain lab there they've been moving in slightly circuitous and Serpentine directions and while some progress has been made it's not at a position where we could in any sense we're turn it over to a team to commercialize and bid so it is something that we need to get done and we've been thinking about it and unfortunately the lab just isn't where it needs to be because of a variety of reasons kovid really did slow things down in those circles uh and it's also some Recruitment and then just there's only so much you can do it's back that 60 to 96 but it is definitely something that's on Horizon and it's a necessity in my view if you want to actually accept cryptocurrency offline it's because others are moving faster and having success do you really know that like what's your definition of success if your only metric is the price and the price is being manipulated well then what you're basically saying is the only way to achieve success is to be a criminal and to be dishonest in which case the entire industry has no legitimacy if your design of success as adoption then you have to ask yourself well adoption of what if it's only vacuous applications where people trade amongst themselves and they're all yield seeking and tvl is the only metric of success regardless of the meaning or purpose and it's very fair weather and people leave in six months you want that and that's your definition of success so you really have to be careful with those words success and faster and also you have to look at the speed at which cardano's moving and it's pretty impressive that we have been able to change consensus protocols and adopt smart contracts within 18 months ethereum has been trying just to do one change its consensus protocol for the last seven years and it has not succeeded yet seven years 18 months we did both and we have a clear line of sight for how we match these DAC protocols which are extremely high performance but have security problems we have high performance no security problems and we also know have a clear line of sight to how we're going to iterate refine and improve the programming model and then also adopt the programming models of our competitors all within the next 12 months that's slow well our competitors spend seven years just trying to do one of the two major things that we've done in the last 18 months and haven't yet accomplished that you CCF be careful with these words because when you actually start analyzing you realize that maybe they're not true and you're paying attention to propaganda to YouTube podcasters to Pumpers to trolls to people who are paid to have an opinion about why something is so bad what are your thoughts on some of the devs saying it's difficult to build Taps on cardano it's not uh if actually I think it's not too bad not too difficult it's about a six out of a ten maybe solidity is a four out of ten but it's not 10 out of a ten okay you're not like oh let's go do some formal methods work and we have to go pull out some Isabel and we don't even know how the hell the thing is working no no this is this is fine and we have real empirical evidence from that from the Discord with thousands of developers on it for the cardano stack exchange with the kinds of questions that are being asked to working with dap developers directly part of that collaboration in acidic uh and in every case the limiting factor has not been uh pedagogy understanding it's insulting to programmers to say that they can't understand the functional paradigm you guys have ever used map and filter and reduce you've never used a mutable variable a final he's never done that if okay I don't know where the [ __ ] you got your computer science degree well this is the problem with all decentralized projects the only problem with Ada is PR and marketing it is not my job to sit up on a hill and imagine how do I make sure that another 10 million people adopt cardano how do I make sure that 500 institutions invest in cardano how do I make sure that that sports stadiums put ads or subway trains put ads up for Ada how do I do that it's like guys it's a decentralized project and everyone has their role in place and so I I'm the worst person in the world to go and figure out how to deploy 20 30 40 million dollars of marketing money to create brand awareness and also you have to ask the question what is the timing of brand awareness doesn't it make sense that maybe we should have a phenomenal like client experiences and the full governance stack built out before we get the next wave of 10 million people probably a good idea it doesn't make sense that the DAP ecosystem evolves a little bit and the pedagogy evolves a little bit before you get the next wave of people in or else you really can't manage that growth there is a thing called growing too quickly Myspace is a case study in that they went to 100 million users so quickly and Facebook was very small compared to them now if they could manage the growth there would be no Facebook there would be Myspace but because it was a symmetrical and they couldn't manage it they really didn't understand what to do with it um it fizzled away very quickly so the point is that you kind of have to grow to a plateau accomplish a lot of stuff then you break out of your bubble and you grow to the next Plateau accomplish a lot of stuff and then you go to the next bubble in terms of PR and marketing what will happen organically or artificially is that special interest groups will form using Catalyst because the money is there to do PR and marketing so if you are a person who is an expert marketing communication branding you don't have to go to the foundation of Charles Hoskins and say please give me a job please give me a grant and I'll go and get adoption you really think that the ecosystem has at this Plateau evolved to a point where it's ready to spike up to the next one as we did in 2020 to 2021 you go to Catalyst and say I want five hundred thousand dollars million dollar whatever pick a [ __ ] number and I'm gonna go market that's the point of a decentralized treasury now it's a little harder up front but you get more variety you get more regionalism you get more ideas and opinion and creativity and you get better oversight at the end of the day smaller amounts your other option is to take all that treasury money and give it to a custodian and hope to God that they know what they're doing and yeah if you think that's a great idea ask yourself how it's really working out for ehost and plot one and how that communities appreciating and respecting its custodianship and governance in the four billion dollars that they've raised and they're playing with you see so you have to be careful what you ask for you also have to ask what are you asking for what are the root questions you're asking for and this PR and marketing I know because of the papers we've written the code we've written the engineers we have and the roadmap we're pursuing how to get great performance great layer 2 protocols a wonderful like client experience how to build out the developer ecosystem in terms of the developer experience and the tools and how to get interoperability with mainstream languages and ethereum we know how to do that as an organization I think that's what I need to do and focus on I'm not a marketer and so you have to ask yourself who is best equipped to build that organ and maybe that's the foundation maybe that's a catalyst fund now we will invest in marketing because I'm getting damn tired of the lies and the fud I'm getting very tired for example just while this week I was gone there was an article published that made great rounds on Facebook that said there's a critical flaw in every single cardano smart contract suffers from it because an independent security researcher found an vulnerability in the way that some people not ever all people some people have been writing their smart contracts let's be clear this is not a security flaw with the node Ledger rules plutus the language or frankly anything we've done it's just that if you write your contract in a certain way people can take advantage of that which has actually been known by the plutus team for months and at some iteration or refinement of the language what we'll do is make it harder to write code that way in the meantime you educate people and say don't do it that way we see this all the time with SQL injections we see this all the time with all kinds of design patterns with websites web servers does that mean that all these languages PHP and Ruby and Python and JavaScript are fundamentally broken of course not it's a Preposterous statement it just says there are best practices and we are discovering those best practices with how you use those tools in order to avoid common exploits that's that simple yet blog post is floating around and the Very person that they purport the quote the minute that they published it I think it runs a firm called canonical tweeted and no I didn't say that at all you're lying was there a retraction was there an apology did they say we got it wrong we're so sorry no because they never do there's no accountability anymore in the press this is why the media is so reviled and hated they don't apologize when they get it wrong and they don't care about the products projects and lives that they destroy along the way it's theater for their entertainment and their money and nothing more has nothing to do with about integrity or truth it's lost that so we are hiring seven people and some to help with Community Management some help with developer evangelism and yes some to help fight the fires and the flood and makes your accurate information gets out and uh we can get above some of this noise and yes there are marketing campaigns that will continue investing because we think it's very important that people understand the vision and philosophy of the platform and those are donations to the cardano ecosystem like for example the uh the Africa special um that's important stuff uh and I know the foundation's investing money in marketing as well and they have 25 million dollar budget I think a big part of it will be PR and marketing uh but at the end of the day there's a a means to an end and if you're talking about why it's a great ecosystem to join and build upon and accomplish things with that's one thing if you're talking about well ethereum sucks and Avalanche sucks and this sucks and this sucks and you should buy us and raw and then Lamborghini and when moon and you know the people who did that they end up becoming the ambassador to Grenada oh yeah that's an interesting question Charles why are you an iohk giving special promotion treatment melden Sunday swap your influence creating a centralized Marketplace and making more competition unfair for competing projects this is the problem when you have this commercialization custodial issue um we're not giving Sunday or meld special treatment the reality is we've been talking to I think three four dozen different dab providers and we've been co-developing working with them to kind of understand more about the model right now it looks like the nearest launches are going to occur with things like Sunday Swap and those are going to put the highest degree of strain on the cardano network and have the highest potential ether to showcase the benefits of cardano or showcase problems so it's in everybody's best interest the entire ecosystem that these first wave of dexes in these first wave of dabs have a good launch experience otherwise the problem is we're going to get hammered by very negative dishonest press as we saw for example with minswap and this whole one transaction per block lie at the moment on testnet Sunday swap's performance is significantly better than uniswap on ethereum the fact and we've seen it we're empirically demonstrating it well they are the Sunday swap team but we as a community have demonstrated that and that's just example and there's been a lot of back and forth and already a lot of design ideas the ways to improve the pollutus application back then improve the pollutist language and things we can prioritize as we roll out pipelining and input endorsers to make it easier for them to operate okay this is how it goes now if you're a Dap developer and you want to have this kind of relationship with us all you got to do is talk to our developer programs we have the jamaroney and others in the organization have been spinning up and you know what will happen is you'll start having direct conversations with Jean Frederick in our development teams in the plutus core team at some point you know and there's a way to collaborate back and forth and those channels are known uh we know a lot of these guys from the police Pioneers program so it's not about favorites it's like the love is spread around all people can have the love it's just about asking okay what's near Horizon and what do we need to make sure the ecosystem can absorb so that there's a good launch good experience and that people can honestly see the best of the platform instead of learning their way in now we could just be completely hands off and say okay we're going to take a position of absolute neutrality no one can talk to us we will say nothing like the IRS does with your taxes you go to them and say I'm not quite sure how much I owe you can you help me where it's not our job to file your taxes but if you get it wrong we punish you brah and keep seven years of Records in case we audit you there's 86 000 people that are carrying that mentality coming in uh so it's not our job to be the IRS yeah we could be and I don't think that's any good for the ecosystem because first it's going to slow down the evolution of progress of plutus second there's going to be a wave of dapps which aren't so good and people will lose money there's already stuff that's coming that may be questionable I and third if we want people to get on board with the certification program and have a big wave of certified dapps we kind of need a some leverage in that relationship kind of a little Karen say Hey you know maybe we help you guys out a little bit with you know auditing your smart contracts or doing code reviews or you know sharing algorithms or these kinds of things it also gives us the same potentially convincing them to open source part of their code and make part of their code public invisible so we create community-based practices that occur so if you give you can request if you give nothing you can't it's just that simple and it's not about favorites it's just simply about getting the first wave out successfully I don't know about you guys but I am damn tired of being attacked and lied about you know I went to a [ __ ] mindfulness Retreat for a whole week just to like undo the trauma of the last eight years and all this stuff it's damn Relentless every day every day and it the most frustrating is the stuff that's not true it's one thing when someone criticizes you because you own it okay sure you don't like my shirt you don't like the glasses I wear you don't like the lobster on the mic you don't like my introduction okay his opinions whatever it's another thing when they know they're lying and they do it anyway and the media reports that they carry it and we have to firefight for an entire week and the problem is that as daps are turning online because smart contracts are here every week There's a new flavor to talk about And if every week There's a coin desk article or coin Telegraph article that says oh look how bad they are look at all this stuff look at the security flaws that stuff sticks over time it's like molten tar it's really hard to scrub off and you have a lot of burns after you finally get it off okay and I don't want that for the ecosystem so you know what do we do well I think we've created a very measured approach if people come to us and ask for help and they're at a certain scale in maturity and it's very clear that that project is launching and in many cases endorsed by the community either through a successful ispo or through a successful Catalyst raise or some other social signal that you the cardano community seem to like these people it does make sense to say okay yeah have conversations with our Engineers yeah okay have some conversations with our uh science people uh and also the architects in the platform who are trying to plan out the three heart Forks so we can figure out what we need to prioritize for February and June to try to make your lives a little easier so you have the strongest possible launch and thus the biggest possible benefit to cardano doesn't that make sense now we don't go ahead and say well you come in but not you and you're an [ __ ] and I don't like you your poopy face but don't do that no it's just about saying once you get to a certain scale there needs to be some organ now that's a trial run and what happens is over time what you can do is Federate and decentralize uh those those things it just happens we're the domain experts on cardano because we invented it we built it so we understand it we know every line of code we wrote the code we know every formal specification we wrote the specifications we know how the protocol works because our company with great collaborators wrote the protocols and they went through peer review so that the single most qualified entity in the world to in any way uh opine on how these things operate and where things can go wrong is probably our people and so if we share that knowledge all it means is the first wave of dapps are faster more efficient less likely to fail and ultimately showcase the high points of the platform now that doesn't mean they're perfect doesn't mean they won't fail it doesn't mean they won't have problems it doesn't mean they won't have bugs it doesn't mean they're secure nothing can give you complete certainty there okay it's a game of numbers and it's a game of probabilities it's a game of inches and that's what we're doing all right yeah that's a great question and this is the point of catalyst I get this so many times is how can I represent my project to cardano is there a chance you go to catalyst That's The Power of catalyst you have tens of thousands of people throughout the community participate so you go there you learn how to submit a proposal and you interface with the experts you get asked questions there's a dialogue go back and forth and back and forth and that is the process upon which people learn you they learn how you think they learn your level of discipline they learn your level of maturity the quality of your team your business ideas and they ultimately make decisions of whether to fund you or not even if you don't get funded because many Catalyst projects don't and they have to go back multiple times to get there you make friends along the way and you build social clout all along the way which in turn you can then reinvest to whatever ends that you have so you don't come to me you know there are certain people of a certain scale you know we'll we'll work with them because we have to for the success of the project uh but you come to Catalyst because that is what it's created for and it's far more fair and it has no face to it no commercial agenda to it it is a swarm of knowledge and intelligence and capabilities that continues to grow rapidly all right that's interesting question I am blind and want to know how you are working to make sure dap developers are building accessible dabs the future must be accessible yeah it's a really interesting question of how do you design around a deficit for example there can be cultural issues there can be knowledge issues there could be disabilities like hearing problems in your case vision problems also neurological concerns or issues for example some people may be prone to seizures if they see certain light patterns and that's why you have seizure warnings on certain games or let's say you're quadriplegic you can't touch the keyboard can't access it so the question then is what is the standard the standard operating procedure for accessibility uh and it's been a big question in the web for a long time the w3c certainly talks about it everything from color patterns that are more gentle with the color blind uh to things like for example accessibility for blind users just something as simple as putting alt text in a image so when you're using a screen reader that the screen reader will actually be able to tell you what the images are now dapps are no different than websites and cell phone applications and desktop applications in that all of the accessibility schemes that we use there also can be used in the user interfaces of dapps but this is a great example of something that can get lost in the weeds you design for your neighbor and yourself there was a great YouTube video that showed the engineering disparities I think in Silicon Valley where they had some sort of optical sensor for a uh it was either a soap dispenser or a hand dryer in a bathroom and the issue is all the engineers who built it were white and so they were the training set for that data and so when a white person put their hands under it the dispensive return on but it's a person of color came in and put their hands there the the computer algorithm had been trained with that set because there's no one available in that office to do it and so when they put their hand under it the handwriter doesn't turn on it's just such a great visual representation that we designed for our neighbor and ourselves we don't design for the world and people who aren't us now when I was at The Meditation Retreat one of the exercises we had was this compassion exercise where take a deep breath you'd be calm and then you would imagine someone you don't know and you'd wish that that person safety and health and happiness and peace very basic idea of just wishing someone well and to live a good life who you have no connection or attachment to uh and unless someone in your Social Circle is blind you're yourself or blind or you know someone who's blind and inspired you the odds are you've probably never thought about it like for example well the first time I went to Japan so these little bumps on the sidewalks and I was always curious what the hell are those bumps for and I found out those were walking paths for people who are visually challenged and the Japanese government went put all these tiles in and if you're blind you just walk on the bumps and you kind of know that you're still in a safe sidewalk and it really helps you out it's a little stuff like that it just just doesn't make any sense unless you have the right context so I think the solution to this is diversity decentralization so if you have lots of daps coming around and you have these organizations that are inclusive and they're Global in nature you'll get lots of representation including people who care a lot about accessibility for the hearing impaired for the visually impaired or for other issues and they will make bespoke considerations some cases that's the polyfill situation where the framework itself the implementation itself does it natively resolve it however there's some augmentation that comes on and it fills stuff in in a way that helps a person with that so specialty software sometimes that works tremendously well other times not so much okay so like machine translation of text for example I can either pay a professional translated translated website into Japanese or you can roll the dice and see if the computer can do a good enough job you can do that on your end but maybe you get a good experience or dot the other is native effort where we actually build Frameworks and tooling that assist people for these things and as we get to refinements of the platform we get Beyond launches and we start talking about the second wave of apps the third wave of apps that's usually where these questions come up as a standards driven process where you create checklists and actually what you can do to ensure that you're represented is when we start talking about certification standards for dapps level one level two level three right now most people are thinking about security and correctness can you hack it and does it do what it says it does but you technically could add accessibility and have a domain of accessibility as part of that standard for higher level certifications so by definition if something for example is level three maybe it has some capabilities that will assist the common tools of the visually impaired that's probably a good compromise solution and markets will push people in that way really good question why aren't you talking more about input endorsers so first is pipelining then input endorsers aglose is writing a blog post and there's going to be a lot of content next year about them a lot of beta testing and so forth but this time we've been talking about since 2016 it was actually in the original or Forest paper and it's like our answer for the DAC protocols and it it means your capacity in the net in the in the cryptocurrencies only constrained by the network capacity so it gets you that very high TPS rate all right hi Charles tell us sure why are all coins losing price when Bitcoin is falling I mean if Bitcoin Falls other coins fall even more instantly how is that because they're all correlated to it they all trade locked with Bitcoin so basically imagine they're all climbing a mountain together and they're Tethered to bitcoin if Bitcoin slips and falls it drags them down too and when big conversely when Bitcoin climbs up it drags them up usually that's where we're at is an industry and it's not healthy and we need to decouple because there's a lot of Merit projects that has nothing to do with the success or failure of Bitcoin thank you I'm gonna buy his farm when he goes to prison see only a mindfulness Retreat can give you the the ability to smile when people say stuff like that I I really feel sorry for him um imagine being that person just just for a moment imagine the amount of anger and hate and irrationality that's there no real friendships you know no real relationships no trust probably working a [ __ ] job you know not any respect angry every day making whatever is necessary to pay the rent if he can probably lives in the mom's basement and then playing video games all day doing drugs maybe smoking lots of Pop probably high right now you know just just to escape reality because the real truth is that life is so terrible and then upon self-reflection realizing that it's so terrible because of himself the suffering is adventitious it's not external there wasn't some law passed to make Auto auto an [ __ ] a malcontent no it was self-inflicted so we should all have some empathy for this person and care for them that they are who they are and and just really shed a tear and wish him well hope that they get out of it Charles did you catch the interview with xrp lawyer John Deaton on valuetainments PD uh pdb podcast this week now I was in a silent Meditation Retreat I wasn't even allowed to have my phone I had no digital devices I was completely off the grid uh give me give me the give me the tldr thoughts on Justin's son leaving Tron while he announced the announcement of the announcement that he's going to announce that he's announcing that he's leaving Tron and now he's going to be the I guess an ambassador or something something in the Diplomatic Corps with Grenada and as a result of that position he can now announce to us that he's going to announce that Grenada shall announce his announcement of him being a diplomatic representative of Grenada foreign Joe Rogan anytime sir yeah you know Rogan is one of those things it's organic like just like Lex Friedman right he's organic you don't rush Rogan no if I was in safari in Africa and I was in Kenya at the Messiah Mara at cotters Lodge and uh we were out just driving in the little Safari vehicles and I really wanted to see wild African elephants I'd seen the ones in the zoo but I'd never really saw like truly wild elephants yeah it doesn't count when you go to these conservatories you know the elephants at that point are humans you know they have the routines they're fed you can touch them the wild ones are just truly out there so uh we spot a big pack of them and guy drives and he's kind of looking around at the food because he's these Messiah people they really understand nature man and we found a uh uh you know a was a Jaguar what was the one of the cats that's extremely solitary it'll come to me in a moment uh and you know we we were you know they found them in stocked him for like an hour and a half and we were able to get a picture of it um but anyway uh a leopard there we go uh getting uh to the elephants they just went to this one area probably half a mile from the elephants they just turned off the car it says we wait now we had some beers in the truck I was like all right yeah not bad beautiful day sit here chill yeah it's it's easy to wait here but sure enough after about 20 minutes 30 minutes the elephants all started coming very close to the car not minding us at all not really caring about us at all just munching on the trees just having fun little baby elephants are running by the lesson there is that good things come to those who wait and the elephants go or the elephant's desire and Rogan is an elephant it's a big guy you don't go to the elephant though if it comes to you so you have to figure out where's the elephant going and then you just wait and organically it happens see and that's my bush wisdom oh no he's apparently got spelling problems too you have to put the apostrophe re okay you are you are you are not y-o-u-r it's y-o-u-r-e come on you can work at it you can work at it we'll start a fun for you Auto auto get you the education that you need exactly this guy [ __ ] gets it greatness they mad at you but they spent over an hour watching you what the [ __ ] is up with that why if you think these things would you spend an hour of your life watching foreign hey don't attack my video games I'm not attacking your video games they tell stories they Inspire they allow you to escape into a reality in a world that doesn't exist and gives you some sort of connection to things that you've never thought about before I love video games write a video game development company I bought Legends of Valor probably gonna see if we can get the IP for Lords of magic and do a remake for that too crypto bison we're doing a release next year for something there we're already talking to game studios and hiring people and so forth I love video games they're problematic when they become a substitute for life itself foreign [Music] I don't care about the troll then go analyzing him for 10 minutes I wasn't analyzing him for me I was analyzing for you guys in that right Logan that's right see Lobster agrees ah good question were you chaos fire Death error life Lords of magic let's talk about that game came from Sierra I think it was released in the late 90s like 98 99. uh it was a a pioneering game it was a single World 3D map uh called Iraq and there were eight factions and one of them death uh was led by this nasty dark elf named belkov who was a necromancer and he flew around a giant bat and his his goal is destroy the whole world for the god of death golgoth so you could play in the stock vanilla game any one of the seven other factions in a fight against belkov but factions have oppositions like water and fire hate each other and Aaron Earth hate each other and order in chaos hate each other um so what was uh so beautiful about Lords of magic was that it had this RTS feel but then it's also turn based like Heroes of Might magic so it was contemporary of Heroes 2 and Heroes 3 of Might magic right in that era of the the cool you know like the Holy Grail of of those turn-based uh Sim Builder uh rts's and it just had stunning artwork for the time period and one of the best video game soundtracks I think has ever been made especially the Air theme and others the problem was it was laid with a lot of bugs the special edition cleaned up some of the bugs but unfortunately didn't get all of them and there was a lot missing in the gameplay mechanics they were overly simplistic only three resources gold Crystal and Ale uh and you know the city structures were very simplistic so they were different like air is different than Earth but they were all the same there was only four buildings there was the temple the magistrate The Tavern and uh there was uh one other uh let's hear Temple Magister Tavern you by Fame somewhere Market Place yeah that's right you get your Fame which is a meta resource that gives you followers and then you uh have your gold for the marketplace your Yale from The Tavern and your crystals from the temple temple could also heal your party that could travel around the Overland map uh so I always thought it'd be super cool to do an enhanced Edition for the game and add in a lot of the mechanics that one would expect a game like that to have and just update the artwork and create a lot of lore for your act there was lore in the game but it just was Proto like first draft and you gotta dig with that stuff and there's just such a beautiful world now answer your question uh usually I play fire and I play error air is bugged if you get the storm Giants in error the Mages Auto calculate seems to think they're Gods so all you have to really do to win the game is that you'll just get three air Mages get them to about level four or five and then research lightning later chain lightning once you do that you go and fight a battle anything level eight or lower effectively you'll win automatically with auto calculate then when you actually start leveling up and getting real power you can use chain lightning what you'll do is you'll fight the battle for the first five seconds you'll spam chain lightning kill tons of troops there and then Auto calculate even though you're out of Mana they still treat you as if you had a full Mana which means you can win every single battle in the game uh and I just I discovered this exploit very early on and I said well broken game uh and so you just go take the life Great temple and you could take the Great temple of order it was a heires it's here um order would be here life would be here chaos here fall chaos through this Earth there and then for life it goes up and there's water which is the most useless faction because they never built any real ship mechanics and water was really heavily based there so you're like King of the Hill of nothing um which was sad and you follow this way down it goes to Fire and death is there and the death wraps around because there's a 3D map onto Earth and then uh Earth leads to cast chaos leads to air so you're the best strategic location with air because you have direct line of sight the three great temples and the if your Earth for example you're too close to death and that's the most guarded of all of them so it's very easy to win with that faction and fire was a lot of fun because fire um had some of the most interesting troops like the the demons and the fire Elementals and some of the coolest spells like the terrain trenching spells where you can create lava fields and so forth um so it'd be a really fun enhanced Edition to do but frankly I'm just so much more involved with crypto bison that's really what we're focused on and we're already having conversations about what to do with Legends of Valor and we're kind of working our way in that direction it was Peter Hitchens I think hentions uh the guy wrote culture and Empire an inventor of zero mq finally came to me brain works that way yeah this guy gets it lord lord it's a magic had a great soundtrack he really did really did Auto Otto's still here masochist well no he's just waiting for his mom to give him a drive home got nothing better to do I'm here all night folks do you have any goats on your Ranch I have both kinds I have some goats and some pygmy goats thoughts on fake space propaganda you got that little NASA Liars thing I'm willing to wager that you're either flat earther or a moon landing denier um okay you have fun with that I would just love for you to give me a shout out I love you well viper809 I love you too master of magic is way better well that's an old school one holy moly uh let's see here Daniel Elena did you watch the CEOs testify I caught a tail end of it I think it was good yeah I agree what I watched was good I mean it could be terrible you're absolutely right it could be and it wasn't uh my concern is now about the IMF any thoughts IMF will do what the US does Celtic heroes are the best senuous sacrifice hellblade can I get a shout out to Charles big fan well Nick here's to you well your interesting questions is what kind of Biotech medical applications do you envision for cardano last question of the day because I do have to get to another engagement but uh I want to spend some time with you guys because I love you I love my people you're the best so we've had an enormous amount of discussions about my dad my brother and I and others about what can we do in the anti-aging regenerative medicine biotechnology space to be able to provide the maximum level of value uh so so much of health and aging is because of lifestyle and poor integrative care eat too much is smoke you eat the wrong things you don't exercise um you don't you're not aware of certain things brewing and so you let them get out of control and they go from fixable to not fixable uh you're not really getting the best health care when you consume care because care is transactional they're maximizing rvus doctors don't really have a relationship with patients anymore many cases doctors are basically told how to practice by hospitals insurance companies other people come and inflict that on them so research is hard I do that for a living with cardano and IO and we've built a center of excellence around academic research in a particular domain now the first cognitive mistake you can get yourself into is believing that competence in one domain equates to confidence in another every academic discipline has rules culture sacred cows and all other things and your knowledge in one doesn't necessarily transfer into the other now in biotechnology there's an overlap with software computer science is eating biotech we have bioinformatics and we're learning tons of stuff about how to connect genetics to software engineering and you can look no further to the moderna vaccine they're a good article New Yorker that talked about how they designed it in two days with a computer model and that was the same thing they start injecting people's arms in December so they had the vaccine in January of 2020. so there's some overlap but let's be clear here patient care no overlap uh you know thinking about the nature and politics of medicine what is Wellness separating the pseudoscience from The Cutting Edge science from the placebo from actually truly allopathically verified Therapeutics these are all very different and difficult things so the question is where do you start do you start on the clinical or do you start on the research side when you want to enter the medical discipline we thought a lot about this and our family has the clinical experience and my father's an internists my brother's an internist they've collectively the family have been practicing medicine since the 50s you know a lot of knowledge there a lot of patients there a lot of people you've had to deal with every situation of life from West Nile to lhasa to whatever you know anything you can imagine they've probably seen at some point in their career and they've also seen a lot of failures so if you're thinking about anti-aging probably the first thing to do is say fix the low-hanging fruit and that buys you 10 20 30 years depending on the facts and circumstances of lifespan that is mostly healthy well that's a good starting point because you're not inventing new things you're just combining things together uh that's where you start and you do that with a concierge practice and then over time you kind of white label it and grow it and franchise it and you build all kinds of product lines and you bring Technologies together for example there's a company called biome and they actually send a test to you they take a stool sample they they take a look at your particular microbiome which is very personal and then they create a customized recommendation of what you need to do to optimize it microbiome we're starting to discover is one of the single most important determinants of your health if you get it wrong you might have depression wow that's crazy you know there's all kinds of crazy inflammatory autoimmune disorders you could have that transform into significant issues that may require surgery or create chronic conditions you'll have for the rest of your life if that's out of whack cognitive health there's so much stuff in performance Neuroscience these days and there's so many tools we're developing to discover that and then if you don't use those and you have poor practices your cognitive decline accelerates and you wake up at 50 you can't remember your car keys are it happens to us all at some point so those are just two examples but there's dozens and you integrate those together into a concierge care and you could create a Wellness Group and a care team with that Wellness Group and it's a combination of Neurology and geneticists like for example you can sequence the entire Human Genome now with a company called nebula for just a few hundred dollars so you can do genomic medicine you can do genomic nutrition see bring a nutritionist on all these types of things um you do a whole body ultrasound those are really cheap too I think it's only seventy thousand to buy them we've been pricing various different images and equipment so we're going to build a state-of-the-art clinic a state-of-the-art wellness team with that clinic and we're going to bring in a very diverse set of skills to augment the clinical skills that we already have then we're going to add some researchers and their job is to scour all of the peer-reviewed literature and look at things like hyperbaric chambers and photobiomodulation and pemf and other things that are around in some cases been around for a long time and there's a lot of efficacy signals that they have but there's also some pseudoscience overlap there we need to pull those two things apart and find bespoke treatments then you can start covering verticals like traumatic brain injuries you long covet there's even a blood test they're developing to help detect that and there's a whole bunch of interventions that can be done now once you do that you have a swarm of intelligence that is well suited to talk about the practicality of Wellness in addition you have a product to consume that that will overall give you 10 20 30 extra years of life and healthiness and dramatically lower your chances of chronic conditions at the tail end of life okay and also physical stuff like mindfulness-based stress reduction exercise science these types of things you need you need to pull them all together then in parallel once you have that group established it takes three to five years to build a center of excellence you hire your medical scientists and you start really aggressively looking into the low-hanging fruit regenerative medicine uh in particular wound treatment looks really solid in my view uh you know low hanging fruit because you can see it and you can even if you want to a B test things so you just take twins and you cut both of them in the same place you have your Placebo on one and you put the medicine on the other and you just see which one heals and that's a pretty damn good control sample I think uh and tells you a lot about it and they're genetically identical so that's you know even as an N of two it's a good set you know so you can design all kinds of studies where you can you can do some pretty cool stuff and it either works or it doesn't and you can physically see that it's working and there's an unending supply of burn victims War uh injuries and all kinds of horrific uh surface level injuries uh there and there's great product lines like anti-aging creams and accelerated healing diabetic ulcers and so forth so it's a big industry and it turns out the same things that would close that wound and return sense and sensation to that would also be incredibly useful for antibiotic Alternatives because these wounds get infected a lot so you need to develop something to put there and also you can go deeper into the body once you've developed that Acumen so the first wave of anti-aging there we've been thinking about has been around how do you build a team of Excellence that really understands the intercellular Matrix it really understands exosomes really understands things you can put into gels that when you apply to a wound those gels will also be antibacterial and potentially antiviral to limit the possibility ability of infection and then combine that with other Therapeutics like hyperbaric treatment for example which has been shown to accelerate healing so that's phase one as you're building that center of excellence and you can do clinical trials rapidly there's a lot of Barta money there there's there's lots of things to pursue once you have that you have a lot of domain Mastery over synthetic biology and stem cells and all this other stuff and as a result of that you have the capacity to then move deeper into the body and start talking about repairing organs and other such things that's further off like 2030 2035 2040 uh but I'm 34 so I don't really have a huge rush in that you know we have the luxury of time and also you need for certain things to catch up Meanwhile your Wellness Group is evolving and they're starting to create wearables and AI assisted medicine build peer-reviewed put the peer review process into chart review so you know because you're doing concierge care with these things you can have uh doctors inside the group audit each other's charts on a regular basis and then you can also do community oriented care so while you're not taking care of your core Patient Group or doing procedures within that group you can give free health care to people in the community uh and you also be on the Forefront of Diagnostics both imaging technology as well as laboratory technology the reality is a lot of doctors are only aware of a small set of tests that can be run there's like the universe of all apps that one can do they're pretty extensive so if you bring some specialty in-house then you can start discovering all these exotic things and if you have the right laboratory you can actually do them at a very low cost and for certain patient cases you can especially complex conditions where you don't really have the right root cause and your differential is unclear you can actually very much pursue that with Vigor as for Imaging you know when you actually look at the economic things like MRIs especially three Tesla MRIs it doesn't really cost too much to go from one to a hundred images of scans a day it's actually it's not too bad so uh for us you know it just makes sense to build that Wellness Group and create a center of excellence there and really imagine what great Primary Care looks like in the 21st century uh and then with all that domain expertise we have a clinical basis upon which a lens upon which to look at research so we're starting in a practical sense then wound treatment seems to be low hanging fruit I've had multiple discussions with many universities about how to do a public-private partnership like what we did with cardano for example I reached out to my alma mater Steve Boulder they have a great Institute for regenerative medicine and good Deans there a lot of great success that they've had so when the time comes and we have that medical scientist there along with a team of scientists with them like we brought with agalos to IO there'll be an agilos of the hoskinson biotechnology company then we can start talking around what is a horizon five-year effort we can pursue that will give us a therapeutic that can be FDA approved or at the very least clear or potentially offshore to faster realtory structure but still safe and effective that can be used to be very transformative for certain classes of contigence I'm very interested in the use of bacteriophages as an antibiotic complement or replacement especially given that you can engineer them on the fly with all these new technologies we're developing you can type them to the bacteria I'm very interested there was a paper and I think it was science or one of these journals that came out was talking about regenerating nerves spinal cords and things like that and they found a way to do that with a gel uh and I was like wow you know that's exactly what you need for wound healing so there's a lot there and it's less about being the most creative person or Innovative person in the world uh it's a big thing about bringing ideas together and having the right basis to combine them with ways of checking in case of Medicine for the care of the patient it's about the team not the individual doesn't matter if your doctor went to Harvard or not it's about who was with the doctor in order for the doctor to do a good job and and the case of the the paper side of medicine it's about how often do records get checked reviewed analyzed and scrutinized and we keep asking the question can we do better what is the cqi process The Continuous quality improvement process for it so that your standard of care is always elevating and you have kpis to always improve and you can intervene strategically when and where you see there are problems and either training problems or you know better therapeutic whatever it is so the software is really eating that AI is super powerful I'm just reading of diagnostic scans the ability to do AI annotation it puts little red arrows around problem areas it might be wrong but then you say well what are you know the odds are statistically that if there's a red arrow there there probably is something so at least makes you look there and you have to really look harder and a tired radiologist at 5 PM just about to go to Christmas dinner might miss it because he's tired and distracted but he has that red arrow he's not going to be he's going to focus really closely on that and that prevents hundreds of mistakes you see so that's software side well software also will help the research of these things you can do so much more in simulation these days so much more and in the lab these days than you'd imagine before you get to the patient or even the animal studies and I think wound treatment is a great place to start so that's that's how we're going to build out that Corpus over those three to five years and like Iowa we'll wire in a lot of academic Partnerships it'll be a slow burner but very meticulous it'll be fun because we'll have concierge practice uh and you'll have a lot of patients that come in and dad and brother get to be doctors and you know do doctor stuff and practice medicine because that's what they signed up for that's why they got that pursuit's very long road to do that but they get to be real doctors doctors that take care of the poor sick and if they can't pay it doesn't matter okay don't worry about it and those who can they cover the rest and those who can you have an intimate relationship with like uh you know mobile medical van it's basically a rolling uh room do procedures in and analyze the patient even do ultrasounds and x-rays in it and take labs in it uh it's like an RV for medicine get one of those you do house calls and you can do any level of proceeding no one really has to come to the office that's the level of care you can offer with concierge medicine I mean you have much lower patient volume instead of two three thousand a few hundred inside the patient volume and then you offset that by the community care that you offer and every time you bring a doctor in the group to scale up the concierge practice the doctors are auditing each other because they're doing chart review with each other and these types of things and they create Collective knowledge and then you create study time where they actually go through Journal articles together like they used to do during residency and they probably haven't done in 20 years because residency was a long time ago these types of things so in terms of applications with cardano any place there's a supply chain a trust factor a way we can approve the privacy of the medical records of the patient and there's a blockchain based solution like for example nebula the DNA sequencing company lets you own your DNA sequence 23andMe doesn't do that and they use a blockchain partner called Oasis labs to accommodate that all that stuff can be blockchain if it's me a [ __ ] of course I'm gonna put it on cardano and as the clinics grow and they scale out and they go to different cities um it could end up having hundreds of thousands or millions of patients in that Paradigm and overall you're improving Wellness for everyone around and we're always on the Forefront of Therapeutics and then we have this burgeoning research group that you know exponential growth starts slow and slow and then it really starts going fast and those Therapeutics are highly profitable so they feed stock into proving the clinical side and Feeds out improving the research lines and then eventually you're building bioreactors and so forth one of the reasons why I invest in colossal The Woolly Mammoth company we're bringing back the woolly mammoth with them uh and they're doing all the work we're probably going to end up just being the ranch and helping them with some things we'll go down to Austin in January and have workshop with their guys uh is that they're also really thinking deeply about the artificial womb technology uh and that Tech can be used for a variety of things not just bringing back mammoths but growing organs they're great bioreactors and so it's it's pretty remarkable what can be done there uh and that synthetic biology that they're utilizing to create these mammoths is extremely valuable synergistically to the kinds of work one would do in regenerative medicine and it's great to have people like George Church in the orbit and just be able to have deep deep conversations with them and it is a big passion of mine okay so uh hope everybody enjoyed this I I really did I'm gonna have a really fun night uh and it's extremely good to be back love all of you care for all of you and sending compassion joy and kindness to your way even to Auto auto hoping he gets the help that he needs cheers
