hi this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is april 13th 2022. it's a lovely day back in the office having some fun it's a wednesday around 2 47 p.m colorado time everybody ready to go everybody excited about the ama well we've had a hell of a week got logan on the mic that's my lobster you guys might remember him you named him things are going well you know they're moving along it's brisk pace there's so many crazy things uh everything from glow-in-the-dark plants to mammoths back colossal visited me this weekend let me show you something they were so kind to offer me this lovely gift let's see if you guys can guess what it is do you have any idea huh huh it is a mammoth tooth how about that it's a molar so they came up to wyoming we had a lovely time uh exploring the state and had dinner with the governor and uh we're hopefully able to get them to do something there but it's a broad ecosystem and it's a very diverse one everything from esg stuff dealing with environmentalism uh to uh visiting the border with uh poland and ukraine and actually seeing the refugee centers and meeting people at the border uh to the work in africa to just deep technology got our benchmarks today for pipelining which is on schedule for the june release looks amazing some blog posts there a lot of really cool stuff also coming out with plutus we have a video coming out here with john woods just watch the raw footage of it and they're editing it for release here in the next week or two and it's really cool it talks about sip 31 32 and 33 the architecture of plutus the extended utxo model and why it's interesting everything from contract redeemer to datum to your context and the model it's it's really cool stuff so i think you guys are going to like that a lot you know things are getting predictable in a certain respect uh with our release schedule with how we handle things the events we're going to uh and uh it's just like business as usual and that's a good thing because it means that if there's no more superhuman extraordinary effort required to get this heroic release out and can we make the schedule or can we not make the schedule uh it's more just like clockwork where we say okay you know here's our storyboard our points and we know this and we're using agile and things are just moving along uh and that's uh that's just so much more relaxing it allows us to work on a more diverse and interesting set of problems instead of just one or two and june's going to be a really big month for us we get to showcase a lot of new things a lot of dapps on cardano are kind of waiting for that hard fork to launch because they get a lot of optimizations with it they'll have a better user experience the light wallet we're working on is coming along and we're having a lot of fun with that light wallet and we'll have a voting center and that partial delegation multi-sig proxy keys all kinds of things that you guys really have come to know and love and respect and appreciate so uh happiness there um [Music] there are a few more things like input endorsers babble fees the side chain stuff that's coming at the end of the year october and beyond and those things are going to really double down and add to what makes cardano so incredibly special you know it's um a hard thing to invent an entirely new field of science if you think about these weird distributed systems that don't have centralized authority they have to have resistance against all of these byzantine actors that can come from anywhere in the world and the very same set of people who maintain the system or potentially a set of people who are trying to attack the system it's a weird new field of science and there's only about 13 years of history behind it and we've made such meaningful and significant contributions and we've built great foundations for all of these things and to see those foundations come to life and become vibrant and start flowering and producing downstream effects is so cool and seeing all the interconnectivity of it like mithril is interconnected with the side chain strategy is interconnected with the hydra strategies interconnected with auroboris and all the magic for boris and the heterogeneity that our wars provides is interconnected to all these things wow you know years ago we were talking about on blackboards and we said if only we could do this and this and this and this is the year where we actually get to play around with it and see it and also to see what the community is doing with cardona wing riders just came out i tweeted that this one was special because they added so much you know staking while doing tvl stable coin support a lot of really cool off-chain design patterns it's an example of a very refined dex much more so than a lot on market right now and the other ones will copy and emulate and learn and so there's a rapid evolution that's occurring uh so i i suspect that everybody's gonna say hey we should catch up but the fact that these things are are evolving so quickly is just a testimony to the quality of this community and the quality of the technology and this is pre-vassal when vassal comes out in june uh you're just going to see a whole new wave of things like stable coins and other things algorithmic stable coins like jed and so forth that are kind of waiting for it so real excited about that a lot more work on the pedagogy we're working real hard to improve the plutus pioneers program the marlow pioneers program this is the first month where marlow is running on cardano and a test sense four years of work there for financial dsl now it's coming to fruition it's live it's beautiful and by the end of the year it should be in a great state uh hydra every three weeks they just keep adding to it they just keep building up it's a beautiful thing as well really happy about it and uh to me it's just a validation of a dream we had so thank you for that okay so let's talk about your questions that's the fun thing about these amas it's just not me on a monologue it's you guys what's up charles good to see you again man thank you dee good to see you as well neck bones connected to the ball bone let's see here you should hang out with paul stamets yeah yeah actually i think i have meeting coming up with david broner uh you know from that soap company and it's along the same lines as some of the work that stamets does but i like paul he's pretty cool my gourmet mushroom farm should be operational here in just a little bit i'll take lots of pictures for you guys we're working real closely with farmbox foods where is your snowpunk statue it's at home this is the office dex functionality for daedalus yes please daedalus is a reference wallet so no but it would be really cool put in the i o light wallet which is commercial wallet different wallet hey charles what's your take on modern modern monetary theory inflation is okay and under control narrative which is being pushed i got into a big debate at the opening of the barbados embassy uh the after party with one of the central bank guys floating around from barbados real smarmy dude works for their government and just an [ __ ] and he's just in there rattling on about how printing money doesn't cause inflation this neighborhood that i'm in where my office is at the homes in this area they've doubled in price in the last three years doubled every single thing at the supermarket has gone up in price at least 20 30 look at the price of fuel and you got all these mmt guys oh it's russia so let me get this straight russia has that much say on the energy market here in the united states where we're the world's largest energy producer really russia has that much influence over our economy one little crisis in ukraine some some uh you know embargoes we put in some sanctions we put in causes 20 inflation you're really going to say that meanwhile you double the money you print money out of nowhere and you inject it into the economy massive sums of money where does that money go it goes into the wealthy and they set up reits and all these other things like blackrock does and they become around they buy a bunch of homes so the poor people the middle class people they're now competing with investment banks and hedge funds and investment funds funds raise the prices price of rent goes up lot rent for trailers is a thousand dollars a month lot rent trailers thousand dollars a month they own the trailer they own a modular home lot rents that high a lot of you have that store and that's just here colorado i imagine california new york and other places are even worse when you print massive sums of money and inject that money into the economy the rich people do very well why because we get to use the money first we get access to all those reg d top shelf [ __ ] i can put money into the millennium fund you guys can't i can put money into some of the top hedge funds you guys can't because i'm a ultra high net worth guy so when they print money boy do i do good but you guys get [ __ ] absolutely [ __ ] mmt is part of a larger academic agenda to rob you of you okay and anybody who tells you otherwise they're either an undergrad who's fallen in love with an insane economic philosophy and they think they're geniuses or they're a bot and sold economist that's not being intellectually honest you cannot take a scarce resource and remove scarcity and then expect that it holds the same value through some sort of kabuki and velocity of money and all this other [ __ ] you just can't do it it's not possible guys if i you're starving and i have a loaf of bread how much would you pay for it if i give you another loaf of bread would you still want it what if i give you another loaf of bread would you still want it i have the 47th loaf of bread do you feel how much would you pay for that it's common sense money only has value because it has some notion of scarcity and controls behind it there's a belief that you believe other people a shelling point will treat money in a certain way if you believe money is losing its value prices go up is that simple is it a common austrian notion and these mmt people come around oh everything's under control it's all fine well then ask them back if mmt actually works if this is a thing why do we pay taxes why can't every year we just print three trillion dollars every year why can't we do that if it doesn't cause inflation why do you pay taxes why don't we go print 10 trillion dollars go build all the infrastructure of america free college for everybody why do you work if mmt really works why do you have to we can just print money and give you money you can just go and spend it right great for the economy these people i get so angry about it because it i see how it destroys people's lives you know how many homeless people are running around now and the price of rent the price of food it's devastating wages don't go up like that they really don't so every year the poor in the middle class get poorer and poorer and poorer and they live less of a lifestyle look at the simpsons show started i think 1987. homer simpson in marge was their three kids live in a three-bedroom home he's not a college graduate barely a high school graduate and he's the breadwinner wife doesn't work and that was america in 1987. that wasn't fantasy back then that was the average american lifestyle now you have two parents both college graduates badly in debt barely can afford a single child and they're renting because they can't buy a house don't [ __ ] tell me that things are working well homomorphic encryption projects and healthcare and biotech perhaps yeah there's definitely a lot of things we're looking at there and there's privacy preserving encryption oblivious ram homomorphic encryption there's some npc [ __ ] you can do so for those of you who don't know homomorphic encryption is part of a collection of techniques that people are studying and looking into that enable you to operate on encrypted data without decrypting it and those operations are preserved you say but why should we care about that what's the point of that well let's say you want to do a google search and you don't want google to know what you're searching for or let's say you have a bunch of medical records and you want to mine those medical records for a particular query like how many people above 50 with asthma who are jewish and women who smoked in their 20s got coveted and what was the outcome compared to the general population standard epidemiological question that somebody somewhere is going to ask for some paper how do you solve that problem right now you have a data room somebody sees the non-anonymized data they do a bunch of magic and then they give you the answer however the person in the room can see the private medical data and see that aunt beth has herpes and aunt sue has a drinking problem and aunt jane she tried to commit suicide at 22 because it's the medical record that's a problem homomorphic encryption allows you to without a data room without a special actor who's trusted be able to mine that information get the answer back but no private information is leaked no pii is leaked from the set so it's an enormously useful thing so you say but why don't we always do this charles well the problem is that homomorphic encryption is too slow google search could take a thousand years um the algorithms are not linear time so there's a lot of people who study this topic darpa had a program called proceed there's seal is a homomorphic encryption library that microsoft is working on and we do some work as well tangentially actually the algorithm guys have one of the top people in the world craig gentry who studied under dan burnett at stanford and came up with one of the first major papers in homomorphic encryption to prove that it could work so it's a vibrant and active field now what does this have to do with blockchain long time ago stan larimer the dad of dan larimer the founder of eos bitshares and steam and other things wrote on the first article on daos it's called dax because he used to be in the drone business and so he was always thinking autonomous vehicles autonomous infrastructure one of the things he said which was true at the time is taos can't keep a secret decentralized autonomous companies can't keep a secret blockchains can't keep a secret it's common sense it's public it's transparent it's open with homomorphic encryption changes narrative a little bit they can and you can operate on that and do all kinds of really cool stuff with it uh so um a lot of things can be invented for this in the sale of secrets and so forth uh so uh great feel very exciting and uh we'll definitely do something in the data privacy because i do own a biotech company and i would love to monetize a certain things but protect privacy at the same time because that monetization actually results in good beneficial research to help people we have to be real careful about how that's done [Music] have you taken a look at melodex they're trying to innovate in every possible point of dex can touch i'd be a lot of fun to do an interview with them so i'm sure i can certainly take a look you guys may remember that i had a podcast that i did was drunken dragon where we gave them an opportunity to kind of talk about their project and what i'd like to do is make that a recurring thing where i interview people building stuff on cardano and say okay well what makes your thing special and so forth i know i've got a little criticism from time to time of i'm tweeting about things the c fund is invested in and i tweet about everybody's stuff but you know there's always going to be an overlap there and i'd love to give a platform to as many people as possible it's just the problem is there's almost a thousand projects building on cardano now and right now we're in the weeds on a lot of stuff but it'd be nice to slip back about cardano 360 how do you like the idea of working with voice actors to translate most common language to reach more people around the globe only 372 million people have english as their first language jeremy you bring up an interesting point about translation in general across all of the cardano assets so as this becomes more open source and community oriented linguistics is very important it's not just about stock translation there's cultural localization certain things can be explained differently based upon the culture that you're explaining it in and that's a a big area to stand up so i do believe that it is something community should step up to the plate on and kind of create a translation network and they they have been doing that cardona latin america has been working we've seen a lot of localization in africa for local dialects and there is a cardano chinese community card on a japanese community those in particular are having a lot of fun trying to keep up it's uh it's a boatload of work but it's something you should definitely talk to the foundation about and i know they're they care about it and they're concerned about it hmm any thoughts on orbis and their proposal use zk roll ups on cardano to help with scaling something to complement hydra instead of competing with hydra very complimentary we are thinking about all kinds of ways to help them in terms of pollutus there's been some requests for new cryptographic primitives in the scripting side particular sec p256 k1 the bitcoin curve um it's a coblet's curve and then the other one is support for pairings-based crypto so bls if you do these things it makes a lot easier for them to take things in the ethereum space and put it in our side output roll-ups are really interesting ergo does this and this is why they can do like 15 000 outputs in a transaction and i think there's a lot of unique things given that there's local state and roll-ups of of state in cardano that would be a faster easier better cheaper to do than in the ethereum space and less to think about we are probably going to do some sort of a roll-up thing in the hydro design in a later version especially when we talk about bundling batching of payments but you know it's innovation all around and i'm glad that there are multiple people who are getting catalyst proposals or doing research independently to explore this it's necessary work it's a little harder than most people let on because what ends up happening is you can get it to a certain point and then there's this long tail of edge cases that generally speaking are pretty difficult to work through so where and when we can make contributions we try and we've certainly done a lot of work in the privacy space um with snarks like we created the paper sonics and implemented the library and so forth and we'll definitely be able to bring some stuff but it's good to see the community is leading the way in that respect and we're going to keep trying to build infrastructure for them to make it easier hey charles what is the importance of hydra for cardano to scale on a global level so what's ended up happening is a lot of people in the cardano community and outside of the cardinal community are looking at hydra is this panacea there's like it's like when jesus was born you know it's like bc and a.d you know before christ after christ um no it's not like that you know we have pipelining and important endorsers and a lot of optimization that plus improvements in the way that applications are developed will massively scale cardano okay at a scale of 100x or something like that from where we're at today uh so that's good enough for the the load that we're looking at on the network then you have side chains come and that means a lot of traffic gets pushed into other domains computation layers by the way cardano can be a computation layer of itself so that's one way that we can shard and scale so that is great and there's all kinds of things that can be done to improve throughput and constrain it not as a consensus problem but a network problem when you look at hydra or roll-ups that's saying for particular patterns of use micro payments or things that can be batched and bundled together nft airdrops whatever it is some dexlogic you can do those things with a different uh network a layer two or technique and the advantage there is the only a small representation of all of that traffic ends up on mainnet so instead of trying to improve your overall throughput you now have a situation where you get additional throughput through a different network and that potentially has a chance to scale near infinitely for those classes of transactions tipping microtransactions airdrops these types of things so hydra is churning away and we're in the theory stage and applied cryptography and applied research stage and we're coming up with all kinds of interesting questions and we're chipping at those questions quickly updating modernizing doing things to cardano to make it a better fit and integrate hydra so hydra is a great 2023 technology which is going to substantially chip away at certain use cases and make them a lot easier for our network to handle rollups will do the same side chains will do the same in the meantime 2022 this year as part of the bashu agenda we have pipelining and we have input endorsers and that is where you're going to see the most significant gains and throughput and really it's going to take us to a point where the network will be able to handle what's at it regardless of how many daps people throw on hey charles how was the conversation with snoop dogg it was a lot of fun snoop's a great guy champ is a great guy as well and it was really lovely of them to come to us and have a conversation you know people are so incredibly cynical in this space um first whenever a celebrity endorses or celebrity talks to you there's this immediate thought that it's astroturf meaning that we paid to have this association i can assure you no one from io or anywhere else that i'm aware of paid for snoop to come and have a twitter space with us it was of their own free will why because they're doing something interesting they're curious about learning more so they want to come in and have a convo uh and they have the luxury and freedom to do that and they have a huge network snoop has over 19 million twitter followers uh and those followers are there's some that are in crypto many are not and so you bring in new people and the cost of admission is a conversation so i'm always willing to have those conversations and i'm always willing to engage uh where and when it seems to be productive and you can actually talk about interesting things the music industry is quite predatory very unfair very asymmetrical especially against new people that come in and if you look at any of the music stars it doesn't matter if they're older like the rolling stones or newer like katy perry or you know like taylor swift they all kesha they all have horror stories about things that happened in the beginning where they were taken advantage of physically or economically or both by the system and usually a lot don't survive after their first album or their first entry point so people who have survived like snoop they don't want that to happen again and they're trying in their everything they do in their power to make the industry a bit more fair for artists and so you look at new mechanisms like nfts micropayments ways to do metaverse style content where you cut out middlemen and you have a direct relationship as well as better way of establishing providence of ip and making sure that the artist never loses access to what they've created it's very interesting to them and whether it be snoop or it be gene simmons or you know any of a prominent artist old or new it's a big concern so it was a lot of fun to have a conversation with them and just be in that world for a little bit but moving beyond a conversation there are definitely really interesting problems of intellectual property really interesting problems of the business model of the music industry that need to be examined and every time we have a conversation like this it always ends up converging to something in that space and hopefully we can come up as an industry with some generic solutions to that how can i leverage the cardinal blockchain to hold physical assets which have been digitized the same way anybody else would leverage any blockchain you create a token representing the physical asset and then you issue the token on cardano now the danger is that your fidelity of the peg between the token and the physical asset is completely at the custodian of the token uh the physical asset okay so if you say i have a gold coin and every ounce of gold troy ounce of gold is connected to a token well how do we know that that's a one-to-one pick somebody has to hold the gold so this is not a cardano problem cardano ads solved it's super easy with native assets the easiest blockchain in the world to issue an asset with great this is a custodial risk problem and you're at the mercy of those best practices and regulations for these things can babel fees remove the need for ada yes and no yes from the transactional viewpoint no from the governance and ledger maintenance viewpoint it is always necessary for those two components charles have you met mr wonderful yes i did i was in dubai with him uh we had a lively debate uh does he intentionally omit cardona when speaking about crypto uh i think he's under educated with respect to proof of stake coins and cardano in general you know we had a fairly lively back and forth and a pr and a private panel with a bunch of people sad it wasn't recorded because that was a lot of fun i called my soliloquy a picasso painting but not realistic uh that's great mr wonderful is a fun guy um but uh you know consensus and other events i think are going to really bridge the gap in the vc class in the in that class uh with cardano there seems to be this bizarre strange weirdo belief i mean even bellagio i've known him for years uh said well i don't have a whole cardano i have no beef with the community but i don't hold it i have everything else but i don't have cardano it's because they live in a bubble and that bubble is telling them cardano best case scenario is a scientific fantasy worst case could be the biggest scam in the history of crypto stay away and what you have to do is just grow so big that the people have said that lose credibility and then the investors they reassess and they say holy [ __ ] we're missing this we need to jump on board the same thing happened with bitcoin by the way if you were in silicon valley in 2011 2012 even 2013 saying bitcoin bitcoin bitcoin the vc people would be like you're [ __ ] crazy and there were only a few that were actually paying attention like in dress and horowitz and others but for the most part they ignored it same for ethereum we talked to google ventures when i was still at ethereum and kevin rose was there and others and they're like yeah this ethereum thing is interesting we'll see but they didn't really take it too seriously it wasn't uh it wasn't high on their list of stuff now others like naval rafa list and these other guys they really did and they were very helpful naval actually connected the ethereum project to grunfest who was a lawyer in his network and expert securities law and there was a lot of stuff there so you know it's a mixed bag there's some people that love cardano and really get it and they understand what we're trying to do but the majority are misinformed under informed or just don't care because they have a thesis for example a lot of vcs will say we will not pay attention to layer ones at all until we see five tokens on the layer one that are over a billion dollars in value then it's a real ecosystem or your tvl needs to be above a billion dollars or something like that some people have a thesis like that and so you just you just kind of have to grow into it and you know this is our year for growth with a lot of stuff and we're getting there why is the 24 billion ada stake not included tvl very simple answer because you don't lock it with ethereum and all this other stuff you have to lock it you have to bond you have to escrow you don't have to do that for cardona we achieve better security than them without robbing you of your liquidity that's what we call science and one day people will get that everybody just thinks everybody copies everybody but we were quite original with the stuff that we did charles can you shine light on input dwarfers if blocks are generated at the same time rate how will pre-package endorse your transaction speed up the chain they're not so between key blocks you have a dag of blocks that are generated and they just kind of aggregate and they eventually get serialized but means that you can go at the speed of the network like these standard dac protocols do very different design and you have to have conflict resolution and all kinds of things to prevent malformed transactions or blocks from destroying the network so you move beyond the very precise model of wara boris into a more of a sketchy probabilistic model so you have to be much more careful with that um the good news is we have a design for it the bad news is it adds a lot of complexity into the ledger and to the consensus rules so we're currently at a workshop in edinburgh working through all those edge cases and getting it out there will be a video in blog post explaining this in detail but the longest short is it actually transfers the throughput of the system from a concern of consensus to a concern of network meaning whatever your assumption is about the network that is the peak that the system can run so as your network gets faster your system gets faster over time without an increase in the change in the protocol design so it's a very different design input endorsers which is why it's the last part of the the layer one component of the boscio agenda charles i'm currently taking calculus 1 in university and struggling any tips yeah well that's the course that weeds everybody out they say i want to be an engineer or a physicist or a mathematician and they take calculus and they're like huh and says the first milestone then if you get a little further it's differential equations linear algebra and then if you get a little further maybe it's proofs you know then analysis real analysis is uh is the hard one also they usually call it advanced calculus and then if you get past that then there's like the next level the next level so there's checkpoints plateaus and mathematics [Music] so there's a lot of good pedagogy these days for calc you know it's just limits derivatives and integrals and each has its own skeleton key of trying to wrap your mind around it and there's sets of problems like when limits you have delta epsilon proofs and that kills people and they're oh man it's so hard and the derivatives there's like some really different weird uh patterns like you know maybe it's trig functions or whatever and people just have hard time going through that and then integration it's usually a substitution stuff you know use substitution these things and it's just so hard to wrap your mind around that um because you have to know the pattern uh the problem with the way undergraduate calculus works is it's less proof oriented it's more calculation so you'll have your central limit and you know fundamental theorem of calculus this this stuff you don't care it's just like do i remember this pattern have i seen this before do i know how to integrate this do i know how to differentiate this so it's just problems one after another one after another now there's some good books um steven strogatz wrote a wonderful book on kind of the point of analysis of calculus and let me pull up the title for that book for you guys and there's actually a few books i'd recommend that's here steven stroke that's spaghetti is like the guy yeah here we go strogatz is like the guy for um i posted that comment for uh chaos theory and non-linear dynamics so it's called infinite powers how calculus reveals the secrets of the universe it kind of helps you a bit and then there's a gal who writes these lovely books how to succeed in mathematics and flopper name but um second and how to succeed in mathematics i'll have to find it i'll tweet it later why can i not find her book well anyway there's a gal that writes these lovely books but you know there's a lot of good stuff there's some good coursera classes on calculus as well there's a master class on calculus which is pretty good but it's just it's just solving problems you know doing limit problem after limit problem derivative problem after derivative problem and then you know integration after integration that usually gets you through there's not much more to it than that there's usually no proof writing in calc one unless you're at a very advanced university uh and uh unfortunately um it's just calculations so you get you'll get through it it's hard and then when you look back at it oh that's easy because you learn about taylor series and these things and calc two and then calc three you have go to three-dimensional space you have double triple integration and i guess rotations and these things are in kelp too hey charles can you talk more about your experience on lex's podcast and how a platform like rogan would help cardano uh you know lex is a really fun and interesting guy i showed up at his place in austin rather unassuming he wasn't wearing shoes um and he drinked energy drinks and we went over five hours it was a marathon it was a lot of fun and uh he asked some phenomenal questions the day before he sent me the list of questions and uh i read through them and and i said oh those those look interesting yeah and then i went to bed and woke up and i said i should probably like think about how to answer these and then i was going to but then i didn't so it was more of a freestyle interview it probably would have been more concise and polished and interesting had i actually taken time to write out answers and think about it but i generally don't do that for interviews there's just not enough time in the day you know there's not that old saying if i had more time i would have written a shorter letter and i would have done that there um joe is a different animal lex has a phd in artificial intelligence from drexel his father was one of the top plasma physicists in the soviet union he's super [ __ ] bright guy and you can just go toe to toe and he's got a lot of depth to him and analytic capabilities so when you say something lex can really challenge you really go into it so it's uh it's an interesting interview joe on the other hand he's this wise old guy that's seen a lot of life yeah so he's not a specialist by any sense the word he was a comedian martial arts guy who kind of turned into this huge podcasting guy because he's curious he likes having conversations and learning from conversations so rogan it really came about uh from just his desire to interview cool people so he said i want to learn about vaccines i'll bring this guy in i want to learn about astronomy i'll bring this guy in i want to learn about bitcoin i'll bring andreas antonopoulos and whatever and he just say hey tell me about your thing and he would create space to have a conversation and learn now that format is the bar format you're sitting in a bar you're drinking and there's this dude or this gal that's sitting next to you you say hey what do you do you say oh i'm a plant biologist oh botanist what's that about you spent three hours talking about plants and it's a really fascinating interesting conversation you go back and forth and eventually ask about aliens and dmt and these things and the reason why it's so much fun is joe is a comedian and joe is a good entertainer so he's always able to think about while having this conversation ways to include the audience and make it interesting and exciting for them so why this is interesting for cardano is first we can tell the story of blockchain in a very different way not an adversarial way where you're saying is us versus the banks and the governments but in an esg way a social benefit way a way about the diaspora who are fleeing their countries and that need economic identity and a way about transforming the systems of society and actually showcase lots of really cool examples where that's been done given the scale and magnitude of rogan's audience you don't approach this lightly you want to have very precise very specific examples of where you've changed the world and those those flowers are starting to bud because what you can do at that platform is a call to action and you can say come in come one come all join the rogan experience and uh enjoying cardano do something interesting there that's why i often say rogan after gog and kagogan is where all the applications come and you the community are building them whether they be microfinance applications or dexes or stable coins and they're getting adopted at very high levels and so you allow a little bit of percolation there and then what you can do is use that platform as a showcase of all the different cool interesting things and ultimately that allows the ecosystem to get that boost of population otherwise it's a great interview it's a lot of fun you're shooting this yet but you don't get the hook you don't get the value out of it the lift out of it you're looking for in terms of users and adoption you say hydra is a 2023 technology doesn't mean it'll be released on 2023 on the main net yes charles have you played half-life and did you like it also as deadliest getting any quicker it gets quicker all the time every update as for half-life yes i even have a gabe story which will remain nameless hey charles who's the best roman emperor first was the best augustus followed by marcus aurelius good old octavian hey charles doing any hydroponics on the ranch what excites you the most about what you are doing at the ranch um yes we do a lot of hydroponics some at the ranch some in other locations like in town of wheatland i'm really excited about potentially doing something there but you know there's a lot of moving pieces behind this so first what do you do with the hydroponics so if you're looking at things like livestock husbandry there's a feed question of how do you produce the good nutritious stuff to feed your animals whether you be a dairy or a horse ranch or cattleman or a bison farmer my case i'm a bison rancher i have 500 bison so it's called fodder and you can use barley seed wheat grass a litany of things and really it's a question of okay are you doing dry mass or wet mass wet 90 is water and it's live and it's highly nutritious and it's great for the animals but it is uh something you have to constantly produce and feed 24 7. and vast majority of that wheat is is not applicable to actually fattening the animals uh if you're doing dry you have to avoid mold and all kinds of things and so the whole science there hydro green does that fodder farms with farmbox foods does that there's a litany of these hydroponic solutions then you go into the i'm feeding humans so there you're talking about vertical hydroponic farm and there's tons of companies that are looking at farm infrastructure in cities they take old warehouses strip malls nordstroms that went out of business whatever it is build big hydroponic facility and they grow cash crops uh mint for your minjula or your or your mojito or whatever they grow tomatoes and they grow all kinds of cash crops you'd like to grow strawberries and berries they just take so long they're not very profitable okay so you have something there you can constantly grow constantly sell and human beings are eating that then you have things for landscaping so you can grow trees let's say you want to go spartan junipers or norwegian spruces or these types of things and that can be a very valuable enterprise because you can grow them throughout the winter time in a hydroponic facility and then take them to a nursery during the spring and summer and let them grow up even more so you want to bootstrap a tree farm or do exotic species in a location that's not amenable for it past a certain rate and then there's hydroponics for gmo where you're taking genetically modified organisms and you want to grow them in a contained facility so that they don't escape into the outside so i explore all of these things actually and i have investments and ventures that are doing everything from gmo agriculture to fodder to alpine stuff tree stuff to feeding people and then there's exotic hydroponics like um mushroom growing facilities and that's less about uh the hydroponic experience more about a controlled environment because you need four stages there's a sterilization component an inoculation component incubation and then once the macelia has grown across the entire substrate you cut the bags you put them into a sprouting chamber a chamber where they leave the bag and you fruit the fruiting chamber they actually grow out the cilia will eat all the substrate and then once only after it's exhausted its food supply will you see an actual mushroom sprout out uh and there has to be a certain level of moisture and for that to occur for most of the blends of mushrooms so i do that as well and you know there you grow maybe medicinal mushrooms for example lion's mane and so forth one thing i would love to do is at the state level figure out how to grow in theogens for therapeutics in particular for ptsd treatment and for the treatment of depression especially with veterans and theogens there's psychedelic mushrooms like psilocybin these types of things but there are other substances you can look at the johns hopkins research in particular has shown a tremendous therapeutic value above and beyond ssris or any treatment that you can imagine and it's one of those things where you don't have to keep dosing you just do it a few times and it has persistent benefits to the patient so it would be nice to work with a state regulator and figure out how to make that possible the federal government for whatever reason seems to think these things are the worst things ever but it's just a legacy of the 60s and 70s and a response to the counterculture and we tend not to pick up but i'm very excited about hydroponics in summary and it's something i do a lot of research in and we have a lot of friends that work in that space and there's a lot of investments i have there charles what do you think about gene editing it's what colossal's doing with elephants to make mammoths uh it's here and it's a big business and there's a lot of money to be made a lot of very significant ethical questions to be asked about it so there's a lot of ebb and flow there and it's i could spend two hours talking about it you going with mammoth or buffalo i'm going with both already got the buffalo getting the mammoths hey charles how can africa industrialize even though the geography is against it it's not in africa is industrializing it's the fastest growing collection of economies in the entire global economy hey charles any update on the trustless light wallet yeah that's a light wallet with mithril and we're building that uh we'll have something for you at consensus june 9th the 12th down in austin texas love to see you we'll have a big community event as well if you guys come you can meet me hang out with me smoke cigars with me it's not too hard to get to austin come to consensus as well show some love we're gonna give out some cardano shirts so we'd love to have you guys there uh hey charles iohk hiring hardware engineers for any roles i'd love to for the chip project that got way late after um covet hit god we were really excited about the prospect of doing some fabulous work for a uh open source tpm that could be used for off-chain offline uh payments and we're still gonna do that so if you have a resume send it our way we're always looking okay charles any updates on one to many delegation that's called partial delegation uh we have the spec written and it's being implemented at the wallet level our light wallet is going to be the first thing to support it consensus is june from dan klemisch have you considered talking to ben gortzel about how cardonal can help the ai control problem so there's great book of ai and the problem of control from stuart thomas and it really accurately uh adequately covers the space of issues and open ai talks about this there's a lot of ai ethics debates that occur but the problem of control is basically you've created this intelligent agent and you're telling it to pursue to pursue goals that you've given it and there's kind of two forks there one is that you have unintended consequences of optimizing around the goal that's called the grey goo problem where it goes and does something and it thinks it's doing the right thing you have the other problem where it may decide that your goal is suboptimal and choose its own goals so you've lost control of it and those goals may have nothing to do with human survivability or flourishing and oftentimes would not because that agent is fundamentally a different organism and humans like to allow to argue by analogy and so whenever you have the introduction into an ecosystem of a more intelligent species generally that species tends because it's better able of achieving its goals with its intelligence to dominate that ecosystem even if it has a biological disadvantage over time assuming that it's collectivist so we the homo sapiens somehow developed the capacity for abstract thinking and because of that reason we were able to annihilate all the other uh human-like creatures like the neanderthals and so forth so analogously if an ai comes that agent being more intelligent than us would be able to annihilate us if so desired uh or dominate or control so how do you get around that well you can take ai up to a certain point and then try to prevent it from evolving past that point and that's probably not going to work but that's one philosophy another philosophy is you put your head in the ground say it's never going to happen we'll never have hgi and it's a fool's errand uh that's probably wrong too a third option would be that you could try to teach ai values this is the evol harare argument he says that's why he's vegan uh he says how we treat things less than us will be a lesson for things that are greater than us uh and if they treat us like we treat cows we're not gonna bode very well but if the you know maybe as the creators there's some reverence there and they take care of us but it's certainly an interesting problem it's above my pay grade and people like ben they think about it and he's real bright uh and they have a lot of great ideas the problem is that the use cases of ai right now are for the spy state data surveillance financial optimization defense industry and all these cases the goals of the intelligent agents are not necessarily very noble or human-centric rather they're very greedy or in some cases violent within this decade will be the first decade we see a armed conflict where autonomous agents are killing people without human oversight next decade we will likely see some agi-like system that has control over life and death at the civil scale china will probably be the first implementer of that for criminal prosecutions with an intelligent agent they've already announced that combine that with social credit combine that with algorithmic money you actually could have an agi regulating an entire economy so an agi led central bank and so forth so it's a fascinating topic and it's one i follow but it's also a terrifying topic as well hi charles do layer two solutions like hydra break composability if so how will this be addressed no it doesn't it's in the paper that's why they call it isomorphic you have universal composition you also have transaction isomorphism it's an advantage of extended utxo because the local state you can't do it in accounts for those of you who care but remember i'm just a stupid dropout why 45 billion tokens well it's better than 46. is someone pre-filtering our common stream no it just comes to me through stream yard and i hope that that i get your comments but it's aggregated from three different split places so uh they come pretty quick and i miss a lot as i said when we upgrade to the new ama format i'll actually have my version of a jamie it'll be jj and i'll be like jj give me that comment [Music] hey charles are you into prepping from not even wrong wolfgang paulie's opinion of quantum mechanics uh so prepping is an interesting thing so you have this canonical viewpoint of a prepper some guy's got some q got texture and accident military probably got the got the guns and the vests all this stuff that's the viewpoint people have of preppers it is a really good idea in a modern economy uh to have surpluses of things in the event that infrastructure fails because of weather war uh natural disaster terrorist attack whatever it is i don't believe me live in nollens during katrina look how bad things got there or look at certain areas of the world like ukraine for example and what has happened so it's not expensive or hard for people to stockpile necessities now there are levels of prepping there's the i bought some freeze-dried food off of amazon and i got some buckets in my basement pretty good idea there's the i've done that plus i have a bunch of water bottles and glass bottles stored okay there's that and i also went and did a survival training course and learned a bunch of stuff there's that and i also stored some heritage seeds and all the gardening supplies i'd need to start a garden there's that and i also bought some guns and weapons and other things there's that and i bought a ranch in the middle of damn nowhere and did all these things and you know everybody has their level and their threshold everyone should in my view have some bug out bag and basic supplies because society ebbs and flows and things can happen and i've been to places that thought it's inconceivable and now it's conceived and it's good to have some self-sovereignty now uh you can go as crazy as having your own island and having your own you know uh compound and you know building your own community and so forth as religious extremists do or cultists or you know crazy billionaires uh do you know larry ellison for example owns the island of lanai after covet he kind of moved there and it's in hawaii and he's built himself a hell of an eco compound there and if you know [ __ ] hits the fan he's gonna look pretty good i imagine that richard branson probably did the same with necker island off the books so you know people tend to do this technically my ranch is self-sufficient got all the hydroponics i got my own water supplies they're quite dense i have bison running around you know all of those things make it very easy for me to uh to provide in the event that there's a mass disruption of supply chains and live quite comfortably you know it is what it is uh but you know i think everybody should take some accountability for that very least take a survival class it's very important now crypto media and so dishonest what they're going to say is charles is a prepper and it says society's gonna come collapsing down but that's where at you see and the people who write those headlines are people that would die in the first three days of a crisis hey charles have you ever spoken with elon musk about cardano it seems odd that he's pushing doge proof work over proof of stake is he uninformed relative to cardano eland is fully aware of cardano and he really likes his doge coin for the moment different floats different boats it is what it is what is your opinion on when dids will be universal we're certainly working on it as is microsoft and the digital identity foundation diff is uh making a lot of progress in creating adoption i love dids i think it's a great standard and prism supports it what are your thoughts on richard feynman well surely he's joking he was one of the greatest physicists of the 20th century and just a completely original mind feynman diagrams all these things just so original and i really enjoyed reading his work highly highly recommend you read his autobiography and highly highly recommend that you look into the lost lectures of richard feynman bill gates was pretty good at evangelizing that worked on the manhattan project as well it's what probably killed him he got cancer and died in the 80s charles i love you from palestine well thank you so much love you too damn it charles i have dip in now i'm not saying there's anything wrong with dip i'm a rancher 95 of the people in my ranch used it uh but i'm just saying that people have a stereotypical view of something that they should personally do if anything just to take accountability learn how to fish god damn it learn how to make a fire you know learn how to survive in the event that infrastructure is disrupted you're you're basically outsourcing your entire survivability to the stability of society and you're usually okay with that but god damn there's tons of cases where that doesn't happen and it's a scary very traumatizing time hey charles have you met david schwartz from ripple yes david and i are fully aware of each other i like david uh no problem with him at all he's very he's a very smart guy charles thoughts on nootropics good thing and i'll have a very strong opinion of them next year and product lines next year for that from my biotech company maybe 2024. we'll see we're working on it though clinic is actually opening in october how about that been a lot of work charles love you will there be mini hoskinsons i don't know there might be ask twitter they seem to know everything about my life maybe laura will write a book about it [Laughter] you know it's it's a weird thing being a public figure you you know who you are you know your life you know these things and then like somebody just asserts something and you're like well that's obviously wrong and then people believe the thing that the other person says and you're just like okay you know i am whoever you want me to be my view is that you're not free until you are self-sufficient yeah it's like jocko willnick he says discipline will make you free it's true the more disciplined you are the more you think uh the more structured you can make your life actually the more freedom you end up getting and the more self accountability you take the more free you are the more powerful you become the less egotistical you become well thank you this is a really cool question charles how are you personally i'm doing quite good sit in a float tank exercise get a massage from time to time body massage you're good to go why is 9.2 trillion usdc minted on cardano the federal reserve got access to the printing press we're trying to resolve that whole thing but they just won't give it back charles what's your favorite song more than a feeling from boston there are multiple books now saying the same thing yeah because they interviewed the same people if you talk to the same person you probably get the same story right you notice something is they stopped at 2014 and they didn't go beyond that why because cardano but don't worry they'll uh they'll just keep adding the helicopter one is the one that gets me the most the jumping out of an apache you know it's like they almost got the plausible believable lie they almost got they should have said black hawk not apache but no they said apache like you it's like when the media writes about guns you know they're like there's there was an assault rifle it's like that was a pistol ah there's a machine gun it was this ah there was a clip it had 92 bullets in it it's a laser gun it just drives you nuts the lack of knowledge but hey you know it's neither here near there you know if people want to read bat boys getting married and tabloid gossip they're well more than welcome to run with it does it really impact anything yeah my life's pretty good do you feel like a leader of the revolution no i feel like i'm part of the revolution and i'm walking there with you guys the revolution never ends my friend i started in 2007 with the ron paul revolution never stopped i was just a kid then still i'm a kid now we're all kids is it a dry year or not charles yeah the even years or dry years the odd years are wet years so it is a dry year and that [ __ ] sucks it's terrible charles you play any musical instruments the piano badly not very good at it i'd love to get back into it though time no time at all ron paul got pull and vote count frauded down well you know what i'm here and tyler lindholm is here a lot of us here we ain't going anywhere you know it was just like when goldwater lost led to reagan we will win in the end trust me any thoughts on decentralized social media how would have seen content be moderated did a whole video on it i'll uh find it and tweet it for you guys it's a great problem though it's a good thing to think about what's the best place to stay up to date on bleeding edge technical science and news i read ars technica if that's bleeding edge mit technology review also has some cool stuff uh quartz magazine what is it maybe quartz it'll come to me in a second there's another one that's pretty good are humans truly the only species that aggregate more resources than they need to survive nope there's plenty of that horde and stockpile squirrels bury nuts they forget half of them have you ever played final fantasy tactics come on guys chrono trigger is where it's at hi charles what are the benefits of the float tank experience massive stress reduction anti-inflammation mental clarity uh these are things right off the top of the bat if you suffer from any of those things good thing to do a lot of science behind it charles if i met you at consensus can you give me the lobster i might bring the lobster but no you don't get the lobster logan stays forever he's my lobster you'll be in a museum when i die do you know richard hart if so what are your thoughts on him and his projects no i do not he certainly has talked about me a few times but i know nothing of his projects and i don't really care if there was something that overlapped maybe we'd find a collaboration or that but there is no overlap and so he does this stuff i do my stuff what's he got to do with the price of tea in china maybe some thoughts on the unreal engine 5 what do you think will improve outside video game graphics with it uh unreal 5 is amazing they do a lot of really cool stuff there the ray tracing stuff and all the other things the polygon counts you can achieve uh the native imports you can do uh it's an example of a next generation graphics system uh we're looking at it actually for some things we're using unreal for crypto bison i believe uh but in general i'll probably use something like it for legends of valor when we do a triple a remake of the game but i i'm really impressed now there are some open source engines like godot for example or babylon js and i think unity may have an open source component i'll have to check it out but unreal 5 is pretty impressive audio generation is impressive a lot of ai inside of it that's a big difference between unreal 4 and unreal 5. the ai assisted sound so you're walking through in like sound will reverberate and it knows how to do all those calculations and handle all of that the lighting as well is a huge thing graphics engines and lighting that's that's what separates the men from the boys ever think of king air next to your helicopter i'm a pilot and can help out no black hawk forever man i even bought another one just to part it because i'm upgrading the alpha to lima found one on auction and so we have a new apu new [ __ ] and new uh new engine because we use it for fire control and so it needed enough lift capacity and there's some real cool stuff you can do with the uh-60 platform was it okay that we used your voice for our character of course it's okay that's fine i'm an open source guy love you guys everybody charles do you partake in wheat gummies no but i do have a stockpile of them for people come visit me for uh jet lag they come in from all around the world i'm like hey man hey charles is it likely cardano is easily hijacked by government's global corporatists in order to further control people in every conceivable way no because we've inculcated an ecosystem that is resistant to such everything from the growth in stake pools to the decentralized research that we do to the existence of catalyst to the fact that the resources of control are virtual and they can move anywhere in the world we are one of the most resilient and best communities to avoid the evil nwo hmm they killed net neutrality open source is next neoliberals want to privatize everything no no no they want to create oligarchies and plutocracies for everything i tweeted today uh this uh headline from an article about how elon musk's vision of the open internet is for dictators why because right now the current curators of the information layer of the internet are a small group of unelected oligarchical companies that have a particular corporatist globalist worldview and if you violate that worldview you now get de-platformed even if you're the president of the united states so when somebody shows up and tries to chip away at that whether it be buying one of the oligarchs and and making them open to destroy the uh censorship engine they've constructed or a decentralized version it's now the enemy and it's for dictators i'm sorry in my world the dictators are the ones who silence you the dictator is the one who de-platform you the dictators are the ones who tell you what to think how to think and if you think outside of their spectrum punish you for it uh people who love freedom not really dictators they kind of get rid of dictators there's a very dark political alliance in the neocons and neoliberals that are pushing us in this direction and it's very very sad um charles what are your thoughts on klaus schwab the the whiff and the 2030 agenda well i might run into old klaus boy at uh at west i'm gonna be there in davos and i'll certainly do an ama i promise you guys that and if i run into them maybe we'll uh we'll have a chat you know there are a lot of people running around they tell you how to think what to do how to live your life and uh there's other people that just want to give you the power to live your life the way you want to i'm in the latter not the former klaus is in the former and he seems to think he knows how the whole world should work and i think any person who believes that's nuts and they're a control freak and they scare the hell out of me you owe nothing to be happy my god hey charles hope you're doing great quick question what kind of fiat on and off ramps does a crypto billionaire such as yourself use proprietary ones the top shelf [ __ ] could you please run for president in 2032 no never what's your take on the ethgate scandal um i don't know what you're talking about give me a little bit more information and i'll circle back to it how's the meditation practice going pretty empty [Music] me [Music] charles can you make uroya fix its many issues we get this question a lot competition is the mother of all innovation and progress so we definitely did offer to come in and help develop uroy and emergo decided to go in a different direction so we've stood up our own light wallet and we'll be launching that soon flint is another competitor uh nami is another competitor plenty of things there and also we've been pushing the foundation to create standards for a certified wallet so that we can all certify against it you know we're all on the same team here and everybody is trying to do their best and you know if you don't like what one vendor is doing you as the consumer should have the freedom to choose another one just like you do with browsers if you don't like chrome you can use brave if you don't like brave you can use firefox if you don't like that you can use microsoft edge to download another browser you can do all kinds of stuff um this guy this guy gets it yeah f2 postponed what are your thoughts crypto governance is hard and developing new consensus protocols is hard maybe people pay attention to it they they [ __ ] all over cardano and say how bad we are and slow we are and then they try to do it themselves it doesn't work seven years at work and it's still not there guys this is hard stuff i have the utmost admiration respect and appreciation for what ethereum is going through we said this again and again and again and again and again and again and again and again people didn't pay attention and now they run into these things and and they're like wow crypto hard oh this one yeah right here charles kindly elaborate would you kindly that's some bioshock right there at least 15 minutes you ain't getting 15 minutes sorry you got to pay for that on the status of the paper wallet thank you buddy okay so for those of you who are in the news a while back i did talk about having a paper wallet generator built into the wallet so we were originally going to do this in daedalus and then we decided that we would postpone that feature for the delivery train of card of the new light wallet program that we have out so the basic idea is that you have something like you know like a like a security key like a yuba key or you know something like that and what you do is you construct a wallet and this would have like a public private key pair or you have alternatively a weaker but still secure password you generate a paper wallet and has two qr codes okay a public code and a private code actually [ __ ] it let's just let's just create a whiteboard for all y'all how about that guys like you you guys like a whiteboard i like whiteboards actually i'm going to make a blackboard how about that let's see here uh format background square black boom [Music] okay okay okay let's go here here we're going to share my screen get rid of the secret stuff boom ah yeah screen sharing okay okay so basically yes for 15 you're going to get your 15 minutes pepa peppa peppa peppa peppa peppa peppa okay so the basic idea is that you'll have a creation step and what you'll do with creation is you'll either enter password or you will or use a uh public key and that public key can be a pgp key that public can be can be an elliptic curve that can be an address that can be a hardware device like a yubikey that manages your ship for you and then what'll happen is it'll generate two qr codes so you'll have a public and then you'll have a private okay and then at the same time it'll generate a proxy address that proxy address will be managed by your hot wallet and allow you to delegate and vote but does not control your spending keys your spending keys are controlled by your private key that's on the paper wallet now that password or address that you entered that will encrypt the data the 24 keywords the restore your thing the seed in your private key okay so when you print the pdf that's generated or back up when you print that the printer if somebody does a replay attack on the printer because the private section is encrypted they don't gain information if somebody steals your paper wallet from your safe that you've put it in they don't get the information why because the private key is encrypted it's pretty cool stuff and actually for the pdf backup i actually really really really uh want to do a few different things like for example animated qr this is one of the reasons why i uh pushed it off a little bit because i wanted to go a little crazy and you say what is animated qr and i said well i'll show you guys hang on a second so let me stop sharing real quick and let me bring up a google search and i'll show you a really cool intermediate qr code yes okay let me find a really cool one so that's a looks like it's a horse horse's horse of course now let's see if it animates that for me oh actually the sonic the hedgehog one is the coolest yeah okay so let me go ahead and share screen again and look what you can do you can have an animated qr code see how sonic the hedgehog is moving or you know you have maggie simpson jumping around so all kinds of really cool things you do and they actually do not impact the data within the animated because there's enough stuff in the standard to enable that but my personal favorite is actually pac-man let me show you that so this is an actual qr code you can scan that [ __ ] look at that play pac-man so your digital backup of your paper wallet will be able to have an animation inside of it we'll have a bunch of different animations the paper one obviously won't because uh unless you have some sort of weird ass smart paper but it's super secure with paired with proxy keys as a feature you can still delegate and vote and the and what we can do is in the wallet creation process allow someone to create a paper wallet backup the other thing is you can store the paper wallet pdf natively in your email without worrying about security especially if you use a hardware assisted recovery where you have a yubikey or a pgp key or these types of things and all you got to do is just upload a public key or plug in a hardware device and it'll go ahead and take care of that for you it might even be cool to see what we can do with ledger and trezor to assist in these things but in that uh but isn't that pretty cool guys it's the magic of cryptography it's the magic of this industry if you're gonna do something do it well and innovate and make it pretty and fun and beautiful you know that's what you should do and when we come out with a light wallet one of the things i said is every three to six weeks we're shipping something interesting we're doing something so there's a lot of backlog like multi-sig and partial delegation and this type of stuff and the voting center and a good staking experience and we need you know uh dapp store and okay great and they're amazing and magical but every three to six weeks do something release something and there you go wow this is one of those like the antecedent doesn't imply in any way a relation to the consequent if coronado is a blockchain why doesn't nato implement a no-fly zone over new zealand i don't know how those are connected you're gonna have to help me redox you're gonna have to help me man i'm really trying here obviously cardano won't ever be deflationary it is our monetary supply is monotonically decreasing and there's a fixed supply like bitcoin i think you need bg's music to show it stand alive saturday night fever i really do like the bee gees kids today they don't know they don't know music ah kim jong-un i'm sorry to say you misspell you're not you're not quite right with your sentence i know you're learning english cardano is the [ __ ] you're almost there almost the [ __ ] okay next time been here for over four years and i've enjoyed the ride what is the next significant evolution of cardano after 2022 something we may have never heard of yet oh god yeah i got one really big special announcement that i've been saving for a very long time that i will do at the end of the year that i think everybody's going to be really [ __ ] excited about um and it's almost ready for that uh then obviously we have the open source project we have somehow merging minotaur multi-resource consensus with the omega agenda quantum resistance a whole bunch of things that we didn't get around to in the first five years that would be a [ __ ] ton of work but really interesting to do in the next five years so yeah we got some top shelf [ __ ] and i think all those guys who again kim jong you got to put the in the you're missing that you're i know you're trying i know you are but anyway i know that uh you know you guys are going to be real excited about that i love you but don't do it in the nude wouldn't do it wouldn't be pretty not gonna do it now thank you adam this guy gets it yeah see not very hard how's status of jed cody is working well on it probably second half of the year keep the great momentum going charles much love from scotland all right mark i'm actually opening up a scottish restaurant it's going to be called nessies after the loch ness monster it's in a town nearby my ranch i'm buying another restaurant and refurbishing it to do that and you guys are all welcome for the grand opening whenever that happens in the basement it's going to have the world's best whiskey bar and i'm going to get a police or skeleton and put it there and put tartans everywhere all you know mark it is going to be amazing you're going to [ __ ] love that [ __ ] yeah why am i doing that because the food diversity in that town is terrible and i'm going to open up three more restaurants a steakhouse called proof of steak an italian place called geralamos after cardano and an asian restaurant called ikigai and i'm gonna make sure that they have really really good food you seem to be in a good mood today buddy well of course i am life is good you have some hard days you have good days it's a good day feel good when is the mastering cardano book coming 2023 sorry we couldn't get it out in 2022 love it charles you should do a stand-up show are you not entertained how's freya big bigger than denali i'll take a video you remember freya holding her little little tiny dog huge dog now this guy gets it as well see in the words of the dude i'll be there man shut the [ __ ] up donny well i'll i'll make the announcement at the time of grand opening the grand opening of nessie's you guys are welcome to come proof of stake yeah i think you see i thought you'd get it we're gonna do wagu we're gonna do bison rattlesnake alligator austria all the exotic meats it's gonna be great and you know steakhouses they never get the dry aging right they never get the sauces right they never get the marinating right the soaking there's a lot of stuff you can do with steak make it real good is that even a question all of the above it's whiskey bar you have to have a diversity sir ah he's almost there cardano is a [ __ ] the the not indefinite definite you're almost there hi d reps are they like politicians yeah kinda and like diapers and politicians they share one thing in common you have to change them often a cook a mean ass cowboy rip eye naked when you're fully fulfilled at cardano are you going to jump to polymath uh no no no no no no no no you're going to kill your bison dude i got 500 of them do you do you comprehend what happens when you allow a herd of 500 bisons to breed unconstrained it's like those rabbit breeding models you wake up with five thousand bison you have to do something to call the herd a little bit good dry age steak is orgasmic it's definitely true about 25 to 45 days dry age is the sweet spot somewhere in there it's very very good you can even do butter dry age you can do all kinds of marinades the salts also have a lot to do with the taste of the steak any news about the video studio being built to create better quality content we're working on it we're working on it when quant code release actually we that's a good one that's something that i mentioned a long time ago we have colin who's our quant and he's got a lot of cool stuff and it would be nice to open source that it's mostly python code and he uses um what is it anaconda is his platform so jupiter anaconda that whole thing hey charles please tell us more about your visit in poland i got a whole video we're going to release on that you're just going to have to wait ever tried fish sticks south park reference nice which salty recommend all you got the hawaiian black salt you got celtic sea salt you got the pink rose salt you got all kind of i'll be like bubba with all the salt salt and pepper what are the political implications of cheese i think somebody's high very very very high so high how is bison pie same as green eggs and ham okay on spaces you begin talking about a meeting in el salvador but you got rug can you finish telling us what happened met with the president uh bucheli we went down there had some fun talked and uh we referred them to a great company called alpha point and they've been doing a lot of the work down there now if we can't do it we always refer to someone who can any upcoming philanthropy well absolutely actually actually working with the old alma mater and creating a professional master's degree in computational mathematics for cu boulder uh that's the latest and greatest that'll be a few million in but we're having a lot of fun with it i love computational math i really love automated theorem proving in formal mathematics so that's where you use things like lean and i really like computational math and i'm kind of geeking out right now over mathematical art in that respect but cu really needs a performance-based admission professional masters program and i always love taking care of the old bison ralphie ralphie was actually a girl gender confused bison what do you plan to do once you leave cardano you said you would want to become full self-sustainable i mean leave from a stewardship role but i'm always going to be around you know always be with you guys and you know our company always be writing code or doing things the difference is that you guys are the ones waking up every day thinking about the future there's self-determination there and i'm just a follower like everyone else i'll be up on my ranch doing ranch stuff will we have a cardano miami no we're gonna have a cardano cheyenne wyoming is where it's at guys wyoming not florida i love i love the mayor suarez is phenomenal he's a great guy but wyoming is where it's at why is bill gates introducing genetically modified mosquitoes everywhere around the world while he's also vaccinating everybody and building nuclear power plants ah because he's bill gates he does a lot of [ __ ] he's bored with a hundred billion dollars and it's probably part of this whole weird new world order thing i don't know i need a ranch job please help find a rancher hey charles yo legend have you discovered permaculture yeah what about it to give me a little bit more than that charles do you have any favorite soccer player or team no outside of the jinja hippos pele is pretty cool uh will any of your upcoming philanthropies include ai or machine learning i got a project for that we'll do that one in africa we're going to try to do it in kenya next year charles opinions on the russ programming language is it suitable for cryptocurrencies yes there's even a cardano rust it's great language polkadot is implemented in rust there's a lot of cryptocurrency projects using rust now i think icp uses rust and there's a lot of vendors that use rust programming like ferrous labs for example uh came from mozilla and it's basically like a c replacement kind of like go was intended to be it's known for being incredibly portable works in the browser very fast memory safe you can use a functional style for a lot of stuff it's a perfectly legitimate language when we were scoping out cardano in 2015 it wasn't where it needed to be but as of 2022 it's a phenomenal one hey charles give me a shout out sure taz you got your shout out congratulations any product recommendations for hair loss yeah it's called baseball cap charles is cosmos good tech yeah i think they wrote it and go tendermint uh decent bft based protocol ibc is decent 200 uh 200 blockchains in the portfolio they've made some good progress and the news on the partnership with the dish network every day they're chipping away meetings once a week you look skinnier well that's the incoming death feeling fine what's your favorite coin ada how do you read all this it's so fast that's what she said charles opinions on proof of use will work and what it could bring when we publish the paper i will have very strong opinions on walksat thoughts on ipfs it's interplanetary content addressable network go to cigar actual fluente hemingway cheap good short do you own any bitcoin or ethereum never had any ether do have bitcoin like bitcoin bitcoins fine a good store of value [Music] who let the dogs out wolf wolf wolf and you have a monkey what type of monkey is a big monkey a small monkey happy monkey sad monkey big monkey little monkey fat monkey skinny monkey gotta give me more about the monkey cheerless charles from argentina we had a 6.7 percent inflation in march not annual 6.7 in a month why crypto that reason for crypto people are getting it now would you ever consider teaming up with vitalik again uh i have no reservations or problems i don't think he thinks very highly of me uh no one in the ethereum space thinks very highly of me they they've invented this like crazed monster uh and they just are perplexed that somehow i have staying power i you know it's like the beatles they break up mccartney goes his way and lennon goes the other way and now it'd be cool if they got back together but it never happened and it is what it is uh i don't even think roger waters got back together for the whole pink floyd reunion song it's sad but uh you know people develop opinions didn't know the kid that long dishonest charles tall what about the skinny monkey you got to give me more than that when will you come to oman probably when i go to bahrain i travel around the middle east from time to time i was just in dubai i'll be back in a bit are you neighbors with charlie erkin no he lives somewhere down south and i got a farm up here and then i got a ranch in wyoming charlie's a good guy though i like him i cut some good kits too chase and chris hmm charles talk us through what to expect before during and after hard fork okay okay you ready it's very very complicated right you got the pre-vassal era okay it's just going it's gone it's gone it's gone and then the hsc event gets triggered okay and it keeps going it's gone it's gone and then the epic rollover happens and you're in the fossil here right now it's gone it's gone it's going you know what you need to do not a whole lot it's called the hard fork combinator read it look it up it's amazing and it's yet another one of the hundreds of innovations that we've created for cardano and those innovations mean that you don't have to worry because we do have you heard of pegasus 2 it's scary stuff wrath of pegasus probably charles so i appreciate that cardano supports composability through isomorphic state channels but will hydra but with hydra will there be cross head or cross-shard atomic composability yes it's the next paper we're working on it head-to-head communication is a hard thing are you not friends was given wood yeah i don't have anywhere against gavin it's a decent guy right into him from time to time certainly uh said some interesting things to all those people that write books about me why do you guys care who i like and who i don't like and who i get along with has it in any way impacted cardona no what's the range of a black hawk about 300 miles burns a thousand gallons of jpl eight an hour how about that charles any good books you'd recommend um calum everybody poops it's the most honest book i've ever read none of the targets you gave what come on man come on you you gotta go you gotta go gotta give me more you're almost there kim jong-un he learned how to say the you're there favorite type of exotic animal milk horse milk go easy on the fasting charles you're clever ketobrain does everything for you see all the energy are you coming to cnft con in vegas this october over sure as hell sending less there i'll tell you that borsa is going to be all over that [ __ ] great uh gonna be a great time for the community we shall see two hour stream look at you go charles i can go five hours yo sup hi charles thanks for making time for amas since you're intellectually curious i want to know if you ventured into astrology so i occasionally do get those questions from time to time white magic dark magic astrology the left-hand path all the wick and stuff tara cards you kind of bundle all these things together right and human beings capacity and capabilities to um see uh the world in different ways uh and uh explore the unknown through the metaphysical or mystical and uh i certainly have a lot of books on it and a lot of friends who send me things and it is fun from time to time and actually up at my ranch i've seen some weird [ __ ] yeah really weird [ __ ] because the ranch happens to be the battle site of some conflicts between american calvary and the native americans so some terrible things happen there so you never know you know and when i was growing up when i was a boy rule kentucky uh when i was growing up i had george nori and art bell uh you know coast to coast a.m around midnight you'd listen that show and they'd have all the crazy guest stars on talking about everything from paranormal to aliens and there's definitely more than meets the eye in these things now as for astrology this idea that just where when and how you're born somehow has some impact on your destiny some people really believe that do you think cardano will be become bigger than ethereum in many ways it already is in many ways tell us more of what you've seen on your ranch i will one day and then you'll have the rest of the story isn't alex jones the best guest ever in any capacity when you get them drunk yes the goddamn gay frogs the dmt aliens the gay frogs it's like it's just like who is this guy this is so crazy ah it's just out there man paul harvey you got it you got it sir i love paul harvey and this guy gets it too charles how many people you have in your office it looks lonely this is actually a sound stage okay we have a huge production we put in this is not a real background it's just a green screen see see very green screeny uh we we have about 92 people who work every day to put this together just for you guys actually in a bunker right now card auto burn oh hate chip epidemic is still going strong when will that end it's really sad that they allowed that in paint cardano is the fight club of the vc space by the way first rule of cardano is don't talk about cardano all right come on guys give me one last question we're gonna clip it at two hours give me one you know you want it come on now thoughts on those clowns over at banquets that's a good way to end it huh so just to show you the arrogance of some of the people in our industry you have these guys that for years have been saying cardano is a scam we've contributed nothing we're a walking joke then out of the blue they say hey you should come on the show and then their community goes oh charles will never come on the show he's a coward he doesn't want hard questions you guys are here i do the mas every week you ask me whatever the hell you want i'll answer any question i am not afraid of difficult interviews and hard questions but could we at least get some dignity and respect and then one of the founders the podcast says well i'm not responsible for any of that show me a link or proof of somebody on our organization saying negative things about you and the community dog piles onto the tweet and says hey here's like 26 things that you've done any apology guys you can say it's slow you can say it's not commercially comparable you can say that we're crazy with the roadmap you could say that we don't know how to build cryptocurrency you can say our community is weird and wonky but when you cross a threshold and say it's a scam it's a criminal enterprise you go to that level you've crossed opinion and you've gone into libel slander you're accusing people of malicious intent it's one thing to say somebody doesn't know what they're doing and they're incompetent it's another thing a person is purposely going out of their way to defraud and deceive and they're all cut from that cloth these people and to what end so that a bunch of idiot seals can go ah yeah [Applause] that's what they do what have they contributed what did they build what risks have they taken the great soliloquy of the critic as they stand out there that what have they accomplished in their life what arrows have they taken from being right and wrong and being in the goddamn arena none zero zilch the best they can hope for is to attract somebody who has done something onto their show and have a little bit of a debate so that they can get some viewers and some more seals honking at the fish being thrown at them you know and at some point we as an ecosystem will clips all of that and we're so far beyond them already i'm sorry you can believe that in the end cardano will be an interesting historical footnote and will not have achieved the goals of the project but you cannot at this juncture debate that cardano deserves to be in the books of history what we have done as an ecosystem in six years what we've achieved what we've built is there forever because of you the community the millions of people within it and you have these barking idiot seals mostly on the ethereum side but they're all throughout the space who have the audacity to go and piss all over and say it's nothing it's a criminal enterprise and it's the darkest thing ever and that's sad because those who follow them they miss the point the principles the values the knowledge that's been accumulated here like it or not the papers we write are cited like it or not the values we have are important on our part of the global conversation of cryptocurrencies and for some reason people just don't want to talk about that and hard fork by hard fork upgrade by upgrade we just get stronger and bigger and definitely achieve more and more and every step of the way the critics have proven wrong and yet people still seem to listen to them at some point you just have to turn the page and say that is them that's their little part of the show and you move on and there's old saying i say it again and again and again remind you and me the dog barks but the caravan moves on until next time my friends this was a lot of fun i really enjoyed it high energy day that's what fasting does for you cheers
