hi everyone this is charles hoskinson your crypto fellow traveler live from warm sunny colorado always warm always sunny sometimes colorado although maybe at some point it'll be rough and rugged wyoming that i get to do these at you never know love wyoming anyway i figured i'd do a little bit of housekeeping before the weekend yay housekeeping weekend [Music] okay so just a few items first off we'd like to welcome the newest member to aydah nation gene simmons uh he's a very famous rocker took me completely by surprise yesterday i just had gotten home i was going through some of my piles of things to do in fact i was ready for my second reading of andrew miller and r jewell's wonderful paper on candid yay it's a wonderful thing about dids andrew shout out to you you're just such a great writer i really enjoy his work i always have and actually our company and our affiliates are one of the few people around who implement some of the things that andrew writes in fact ergo was one of the first projects to explore non-outsourceable puzzles anyway i look at my phone it's lit up kiss is apparently on board and buying cardona buying ada i said well okay i don't know whether laugh or cry this is uh this is fun um anyway it's a big event for us uh because they're incredible marketers uh he has over a million followers and kisses an incredibly strong brand uh they even sell a kiss coffin uh so gene is a brilliant guy and uh really a phenomenal businessman and i'm glad to see that he's decided to wander into our tribe now it seems like he's enamored with the price action and the prospects of appreciation in the marketplace but you know we have a way of converting people to care not so much about that and actually care a lot more about the mission and the vision there were a few people on reddit who said well this is a bad thing because we don't want people around are in it for the money the vast majority of people who start usually start being in it for the money but what happens is they have a conversion they realize that there's more to it than just appreciation returns there's some magic there and i i have to admit i'm quite enamored with the thought that uh some future funding round and catalyst will have gene sitting on you know by his computer thinking deeply about whether to vote yes or no on a proposal and if other rock stars get on i can see like a conference call about a particular ballot or vote i mean this is a weird fantasy but it might actually happen so if it does i'll be a very happy guy uh in any event uh we're incredibly glad and happy if he's here permanently or just as a fair weather uh that he took the time to talk about our community and it's a good event all things around and you know i love talk with his people at some point about non-fungible tokens uh given that he sells so many collectibles and uh themed stuff and branded stuff uh it makes a lot of sense to test out mary using um his things and i there's actually a lot of cool uh frameworks inside the ecosystem that we could very easily port over to cardano uh specifically for people who want to do all kinds of cool things whether it be backstage passes or reductions in concert tickets whenever they get to play again uh or to collectibles and so forth so welcome aboard in a nation we love having you here uh just as a reminder we never pay anybody for sponsorships or endorsements so this one came as a complete surprise to us and i don't think we'll ever pay anybody for sponsorship or endorsement people just come because they like us we got a good mission or they think that we're worth something either way good to have them good to have him around uh another thing is there's some fake news floating around that we have some sort of deal with the ministry of peace in ethiopia as many of you know we do have a office in ethiopia we do a lot of business there and we are negotiating several significant deals in africa uh one of which is in ethiopia uh but that is not that news that's reported so so sorry crypto media you got it wrong yet again uh and if we have something big to announce uh either we're going to do it or we're going to deal with a big partner like reuters in new york times or something like that you're not going to catch it we appreciate the attempt at investigative journalism and getting the scoop but uh no no no no disruptions or anything like that we're still in very very deep negotiations late stage like change this sentence to this sentence and there's a lot of pr discussions and we're trying to figure out the best way of doing that we will do some filming here in a little bit because i'd like to actually get people on camera and talk about uh deals that we're doing and we got a lot in the pipeline uh you know now that mary is out uh in in five days we should initiate the um hfc uh there's a lot of people are going to start building things uh on the network uh and also catalyst is really starting to heat up and there's a lot of conversion heating up as i mentioned in march we should be winnowing down that list of dev firms to start writing a lot of stuff on in plutus to test out the infrastructure how we're going to roll out pollutus is we're going to do it kind of like how we did shelley where we'll have pluto's pioneers some internal some external and we'll have them beat the hell out of a private network and then we'll roll it to a public beta and then we'll roll that into the mainnet but there's a just a huge amount of usability things that we need to get sorted out that always come up with a new language uh so we'll talk a lot about that in march uh the cardano 360 show here in february is going to be all about mary's something about mary that girl is going to get a lot of attention and basically we're going to talk about everything from how do you issue your own token we're invite people who are migrating over to cardano to talk about that and basically what's going to happen with the native multi-asset standard including how to pay transaction fees in the native asset itself so our chief scientist is even going to do a presentation specifically on that and i think everybody's going to enjoy it i believe that episode is coming out on the 25th so look for that uh there's other things that are going on i i have some incredible meetings on my schedule that still are pretty surreal and we're certainly talking to a lot of people but again those are early days uh on things and as i to manage expectations you know a big africa deal takes three to seven years to do right from start to finish with all the dynamics the ppp setup the tendering process and so forth so a lot of these things that are starting to pop in africa we started in 2019 or 2018 some even longer we started the ethiopia stuff in 2017 okay so i do understand the enormous time horizon on these things so you know there's a pipeline that's there and you know as the months come by more things pop in that pipeline that we seeded years ago now in the fortune 500 suite it depends on how you do it but some of these things are looking quite nice it's just we had to kind of ride out corona and now that there's a light at the end of the tunnel a lot of things that were put on hold are starting to open up again so you'll see some things there but what gets me most excited are the catalyst deal flow because there's just so much volume that's going to come through catalyst that was one of the birds for february the launch of the fun million dollars available a goal of 10 000 people deadliest 3.3 having uh the capacity to register many people are already doing that we expect a massive increase in participation and what we're going to start doing is a lot of those deals that we have in our pipeline which are not tenable for whatever commercial reason on our side if we think they're viable for catalyst we're going to start fast tracking them pushing them to there and introducing them to you so probably not this month in this fund but for the next fund and the funds coming there's going to be a big influx of more professionalized submissions that are a little larger like larger than a hundred thousand dollars and so forth and uh there's going to be a whole organ within the commercial division and then some referral organs within emergo and cf that push things in that direction especially as we get closer to smart contracts so look for that a lot of cool stuff in march about alonso which is the smart contract uh setup and i will remind everybody who says we're a ghost chain we're only behind bitcoin in terms of economic activity uh there's a lot of value that's transacted every day on the cardinal blockchain and that's only picking up so when smart contracts and native assets are here it's gonna be crazy uh it will probably peak bitcoin and economic value transacted it's uh just remarkable and as many of you know i did a video a little earlier today uh that bitcoin reached a trillion dollars in market cap hallelujah pretty amazing congratulations also to cz and the binance people they're getting a lot of adoption with their chain they're overloaded people often ask me what i think of b b and i say it's what ripple should have been and i think the market now agrees uh so it's uh good to see that uh they're enjoying their success and their time out in the sun uh you know they've been working hard for a long time and i'm glad that that team is uh enjoying it and of course congratulations to the rest of the space that are really enjoying the bull run i these are the good times i've been through a lot of winners so i'm fully prepared and expecting another one at some point especially for the d5 space but you know it's good to enjoy the sun a bit so congratulations for the uh for the hard work and having some rewards for it try not to take it too seriously though because for whatever goes up must go down always remember that all right that's the housekeeping just a few things i'll see you guys next week maybe do an ama this weekend uh you know and we can do another microfinance loan you know we will uh really get aggressive in the second half of this year after alonso comes out uh about microfinance and peer-to-peer lending after we get the stable coins and the dexes and the oracles and these things that's a dap i really really really really want to see and i really want to be able to start giving out microfinance loans through a dex and through a peer-to-peer lending platform it'd be really nice to do that and that's something that i hope before the end of the year we can figure out we get some partnerships and maybe we can even convince kiva to do it in fact if any of you have direct connections into the kiva organization or know the founders or these things i'd love to enter into a dialogue with them about how we cryptify them and get them where they need to go i think they're operating in a slightly older business model it's a very good and elegant effort but it's about time we move from charity land to profit land because that'll encourage people to put a lot of money into it for example if we could get reasonable repayment rates on these loans it would make a lot of sense for me to have my company's treasury management strategy to include 50 to 100 million dollars worth of microfinance loans it's not a huge part of the overall treasury but it would be something that we could put into a high risk tranche as a opposed to other things like junk bonds or something like that uh and it has a huge humanitarian bent to it so you know if keva's model was able to be turned into a peer-to-peer model and able to get rid of middlemen i think that would be tenable especially if we could augment it with downside protection and sovereign guarantees and other such things so it makes sense from a treasury management perspective so yeah if you have any contacts with those guys send them my way i'd love to talk to them if anything just to get a deeper understanding of boots on the ground microfinance we occasionally talk about it and john o'connor is very familiar with this because he runs into it every day and there's some guys in ice addis which is a partner of ours over in africa that know a lot about it but you know me i i'm living on muhammad yunus data and like 2007 models and so forth there's a lot of innovations in peer-to-peer lending and in microfinance of course i learned a lot about that from alex mashinsky as well he's a colorful guy and i do enjoy talking to him anyway always more to say always more to do try to enjoy your weekend for those of you down in texas stay warm i i had a brief moment where we ran out of propane and on the farm and the event barn got uh real cold for about two days and it really sucks when stuff shuts off and i can super empathize with you it's i've been there before family grew up montana and they had some hard winters uh where it took a few weeks for power to come back so that's real tough especially if your your state is not prepared for it but i think things are going to get a little bit better and it brings up a real broad point about resiliency plan for it demand it that's why we build our cryptocurrency the way that we do because it's good not just in the summer times when everybody's happy but we survived winter and we'll always survive winter until next time everyone stay warm stay happy stay happy and enjoy life cheers
