hi this is Charles Hoskinson broadcasting live from warm sunny Colorado today is a very special day it's January 3rd 2020 not only is it a new decade a decade that's gonna bring a lot of interesting things to the world it's also the 11th birthday of Bitcoin came out in January 3rd of 2009 to the general public and boy it was one hell of a decade and I'm very excited about the upcoming decade Bitcoin will always be very special to me it was my introduction to the world of global finance it was my introduction to a lot of wonderful problems to think about like remittances and microfinance and a small ragtag group of people not too long ago changed not only my world but a lot of other people's lives change the whole world we now have a global movement millions of people every day wake up thinking about cryptocurrencies and blockchain technology hundreds if not thousands of academic papers have been written and we've seen just a profound influence at the g20 and the g7 have both talked about it global regulations are starting to change and every central bank in the world is aware of crypto currencies and some are even taking positions in crypto currencies there's really never been a time in human history were one piece of technology has obtained such enormous global relevance without any central coordinated effort any central coordinated marketing no company controls it and in the revolutions just getting started so first off happy birthday Bitcoin it's been a hell of a ride and I look forward to the next ten years to see where this takes all of us also welcome to the new decade you know 2010 to 2019 was pretty crazy and now we're in 2020 and 2022 2029 is going to be very interesting this is the decade where we're probably going to have the first brain computer interface consumer devices be implanted into people for example the neural lace this is the decade where we're going to see private space travel really take off this is the decade that VR and AR are gonna go from fun things to mainstream things will probably have glasses by the end of the 2020s that you can put on that have augmented reality built-in cell phone technology is going to go through several more doublings we're going to see the proliferation of electric vehicles this decade you know Tesla really proved out the model every manufacturer is going to have it and battery technologies aren't going to get better we'll probably see the density double or quadruple this decade so we'll have cars that can go 600 miles to 1,200 miles on a single charge and charge very quickly we're going to see a huge proliferation and alternative energy so we'll probably see the global solar capacity double to quadruple if not larger the same for wind we're going to see a lot of great storage solutions come online we're going to see all kinds of new propulsion systems come online physics is advancing at an amazing pace I just read recently that quantum teleportation just happened between two chips so that's gonna be really exciting to see where that goes this is probably also going to be the decade that quantum computers go to full mainstream viability and the commercialization of that technology is coming soon this is going to be the decade that 5g gets fully polluted across the entire world really changing a lot of things in the wireless world and spectrum things like Wi-Fi six are only going to evolve bluetooth is only going to evolve so v2 v and Vita I self-driving cars and intelligent infrastructures really going to make its way through so this is going to be an amazing 10 years and it's going to change a lot of things and the consequences of this technology will reach its way to every government service to democracy itself will probably see another economic collapse similar to 2008 sometime during this decade and I think that means it's a great opening for crypto currencies to be ready to start taking over the global economy so I'm really excited to see what happens this is probably the decade that we're going to see one or more African nations enter the League of Nations and be of the same economic prominence those countries like Brazil and South Korea it could be Kenya could be Ethiopia it could be Nigeria but it's going to be really exciting to see that happen this is the decade also that we're probably going to see all kinds of new innovations on the movement of people and from dealing with diaspora to new passport systems to new identity systems this could be the decade that we have self sovereign identity really take prominence and hold this is also the decade that data is going to start being treated as it is as the commodity and new rules and regulations are going to start materializing in the whole data surveillance at capitalism an economy that was developed over the last 20 years will start being reined in through regulation perhaps global regulation so it's it's going to be a crazy crazy ten years and it's the privilege of a lifetime to be alive right now to actually see these things whether it be in the biotechnology spectrum the nanotechnology spectrum the ICT world our or otherwise actually work their way to mainstream it's also a privilege to start seeing a lot of things change this is the last decade of traditional organized media in my view we're probably going to have less cnn's and fox news's and Bloomberg's and Wall Street Journal's and more Joe Rogan's especially as we enter the 2025 s and beyond and I think our space in particular is going to fundamentally change the incentives of journalism and will actually move to a different way of paying for content curating content and the age of the long-form the longtail is about to begin and so so it's going to be very exciting to see that occur you know also the continued adoption of open ideas open technology and idea flow every fortune 500 company has a dense portfolio of open source technology this was not the case in 2000 and less the case and a little bit more the case I should say in 2010 but now as we enter 2020 heading to 2030 gonna be pretty exciting is to see how quickly people are collaborating and how products are being built from common DNA across industry it's just good for you the consumer it's good for all of us so anyway where does card Auto fit into all of this this is hopefully our decade Bitcoin owned the last one and I hope by the end of the 2020s car Donna will be the most predominant force in the cryptocurrency space and become a true social operating system and my hope is that we can see thousands of meta tokens living on our platform from securities to commodities to stable coins to all kinds of representations of value we can see billions of transactions every single day over a billion users in this platform and really it all comes down to can the technology properly meet the right incentive set and have the right commercial utilization these are the three things that have to be put together we are at i/o HK obsessed with getting the technology right we think we have the right paradigm the peer review process has given us unparalleled clarity and understanding trade offs and understanding where this can go and has allowed us to talk to everybody in the world at it with a common language about what we can do and we've mastered everything from vdf to vr af-s we've mastered everything from consensus protocols to the underlying cryptographic primitives and we have a very good understanding of what needs to be done to build a global scale system and how to do that in a responsible peer-reviewed sustainable way so from a technological perspective we feel our approach is right this year in particular we're really going to start hitting the commercials hard I've announced to my company that were on a Cardinal first strategy meaning if we build a product we always ask ourself can we deploy this product in Cardiff so someone comes to us and says hey we'd like you to do some interesting blockchain solution whether it be supply chain or otherwise before we look to atala or other things we're gonna look at Cardinal first and see if we can do that I think it's very important to dog food to build these things properly so hopefully the Ethiopia project will be able to launch that currency on Cardinal and it's the same for the credential verification project in Georgia and other such things so we'll always be Cardinal first at least this year hopefully throughout the future and we're going to get very aggressive about the commercialization of the technology as Shelly turns on and as Gogan turns on we feel that this is a platform that has a right to exist and we feel this is a platform that brings a lot to the table and allows people to solve problems in ways that they couldn't previously so anybody who comes to us and asks for solutions we think this is the platform for solutions to exist and of course we'll push that mentality with our partners emerge oh and the foundation and we're really excited to see where that's going to go in terms of incentives we look at token ah mix of incentive schemes government systems as first-class citizens to the growth of a product the reason why Bitcoin was so successful was that in the simplicity of the incentives model that Satoshi created it created an incentive for people to Mynaa similarly if were to be successful we needed incentives to participate incentives to build to be directly aligned with the growth of the system so with the launch of the incentivize test net we're learning a lot about the business of state pools and we're learning a lot about the business of maintaining a cryptocurrency and creating stability there there are already 500 state pools that have registered and we're learning everything about what saturation metrics should look like to who's a good operator who's not a good operator and just how this marketing looks like and the user experience looks like and so this is a topic that we're especially this quarter incredibly interested in and throughout the year will be incredibly interested in investing quite a bit of time of resources at i/o HK and our partners emerge oh and the Cardinal foundation investing a lot of time to make sure that we fully understand and as we exit 2020 and we go throughout the decade this is going to be something that we do continuous research in and the better we get the better the feedback loop becomes the faster we can grow and get to those billion users and become a true social operating system that's beneficial to everyone in the world so commercialization technology and incentives are the three things that need to be aligned for us to achieve that the coveted number one spot and to displace Bitcoin and become the platform that people want to build their DAPs on and become the platform that people want to store value on we built Cardinal for a reason it was not an academic project it's a commercial project and we want to see it grow so this is going to be a really exciting time but we have to remember where we came from and we came from Bitcoin and Bitcoin will always be around and it's always going to be a valuable project it's always something that will have a soft spot in my heart so and on behalf of the Cardinal community happy birthday Bitcoin thank you so much for all you've done and we wish you well and to everybody in the Bitcoin ecosystem we wish you great success and we hope that you continue to grow and to stay stable and continue to innovate there's a lot of really exciting things in the Bitcoin ecosystem from lightening otherwise that we can learn from and potentially benefit from and Bitcoin has created liquidity for crypto currencies everywhere and it seems to be an accepted standard that governments are ok with meaning it is the gateway drug to our industry and we'll probably maintain that role for the foreseeable future so it's very important that we we continue to collaborate where we can and the very least wish everybody well as an industry as a whole a great maturing is happening this decade crypto winter has had a positive effect in that it's starting to drive out the easy money people and the fast at loose people and it's shaking out bad and leaving the good so there's a lot of great projects out there to collaborate with work with learn from and build with and one thing that we're going to be focusing a lot this year is collaboration and to learn from other people work with people whether that be through standards groups like hyper ledger in the w3c or that be through direct relationships with other cryptocurrency projects example horizons one we've always had a great relationship with but there are many more than I think we could reach out to build great relationships with so we're extremely excited to see what we can do and how we can collaborate through the foreseeable future in the years to come and we think that there's a we all have something to gain from talking to each other and knowing each other and being friends with each other as opposed to competitors we all too often look at this industry as a sum 0 industry and the reality is that we either succeed together or we fail together but there's no such thing as just one crypto project winning there's too many people involved too many cultures too many languages too much money too much value to quantify for strictly one blockchain to rule them all instead it's going to be an internet of blockchains and Internet value and the most important thing is we can collaborate in ways that produce value for everybody namely you the customer so we're very excited about that so there's gonna be a hard year a lot of things coming this month alone we have a lot of releases coming likely we're going to get a tres Tia the Haskell wallet back-end linked with the pirate reboot node and you know the OPF t fork and that out in January certainly February is not January the Haskell Ross the Haskell Shelly test that's coming soon will announce that when we get a little closer to it and then of course the Shelly main net so that's something that's coming soon and then immediately thereafter we have to be talking about gold and Goggan Dogen we already are I'm starting to dial up the heat on the Pluto's team to make it easier for people to start writing dax in Plutus and so in anticipation for these steps to be ported from the mock chain interface that they've constructed to run on card on o itself this is a high priority you have to get smart contracts into our system we need to get them in and we're gonna beat that drum as loud as we can because we honestly believe Marlowe Plutus in the model you've chosen is much more viable and sustainable and frankly much superior to the EPM model that said we will also have an interoperability strategy for aetherium and we will announce that it's at a later date but it's something that will happen this year the boss should work is going well simulations are underway we're making progress with Hydra and that's going to be a very exciting thing but this is also the year of the recursive snark and that's going to change the entire playground because you can achieve occlusive accountability as a property without having the full blockchain so my congratulations and thanks to the electric point company and their amazing work with Halo but that is just the beginning of a long road that will increasingly get more sophisticated for the concepts of outsourcing computation and privacy and it's something that every cryptocurrency project if it wants to maintain viability must adopt at some point in the future we already have a dedicated team that does nothing but implement snarks and we've been working diligently for almost a year implementing Sonic which is a start we created back in 2018 and based upon that knowledge in a summit we're holding in Edinburgh at the end of this month we're going to develop a strategy to upgrade what we've already done learn from the other starts that are in market and Starks that are in market and also have a strategy for how we can pull something like halo into carton so we can have best-in-class like clients and do that in a responsible amount of time we're also looking at private computation this is a topic that we introduced through a paper called Cucina it's already on ePrint if you guys go and see that if you type in Kachina private smart contracts it should probably come up on Google and this is just the first of many papers to come exploring that topic and it's a very important topic for a litany of industries whether it be health medical records interbank settlement or other things where privacy is a requirement by regulatory standards so this is something that we're definitely looking into and we'll build a product for and we'll make that announcement at a later date so in addition to all of this we're still super interested in interoperability and we've made great progress with the new clubhouse from the optimization of them to making them practical we've made great progress proof of stick side chains or even looking at recursive snark based side chains we have a Prada paper that we've built internally called lattice and for in collaboration with the horizon project well make an announcement a later date about when and where we'll do something like that but overall it's really exciting to see that people are having real legitimate conversations about how do we get bla chains to talk to each other move the information value and identity between these systems and allow you to interact with assets from systems that aren't your own whether bitcoin chooses to participate directly or not it's being dragged in through layer 2 solutions and so there's definitely bridges being constructed and we're really excited to see where that can go and it's something that is going to be necessary for us to get to a billion people so it is the first classes what's been most humbling since the launch of the incentivize test net has been the participation of our community in the success of our product we did not expect to see as many state pools as we saw we did not expect to see as much feedback as we've got and that's just a testimony to the loyalty the pride and overall excitement that the Karnataka community has for what we're building and if this is the beginning I'm very excited to see where this is going to go because at the end of the day I think that we can build an entire revolution with what we have you don't need a lot of people I remember back in 2007 joining the Ron Paul campaign there were only a few thousand people floating around the entire country who were volunteering or working and very few people that ever even heard of them by the time I left in 2008 there were over two million people floating around the campaign for liberty and other Ron Paul associated movements so to go from five thousand to two million in the year's time shows you how quickly you can grow and I see the same elements I see the same passion enthusiasm incitement and simplicity with our people that I saw with the Ron Paul movement so I think that bodes very well for for allottee and our ability to grow and what we could achieve it's amazing to see everything from the old to the young it's amazing to see high school students come down from central Wyoming and be able to set up a state pool using a Raspberry Pi all the way to retired doctors of Miami be able to talk about what we're doing to unify that many people in 110 with one message it's humbling and it's exciting so this is a great year of focus a year of commercialization it's a year of very disciplined development and it's year where we actually start becoming our own and so thank you all for what you've done and I look really forward to working with you and building with you okay so that's a that's our brief update the product managers are going to start updating you guys regularly my hope is this month if not this month in next month but every month thereafter a part of you the product senior product manager behind Cortado person in charge of Cardano she and her product managers will be giving you guys regular updates basically saying what if we accomplish this month would it be learning what are we doing what metrics are we using what are our KPIs it's eccentric cetera they'll be doing that in conjunction with the Cardinal foundation humberto chooses to participate them as well now this is an accountability metric but more importantly it's also a metric so that we can demonstrate what responsible leadership looks like and ensure that every month there's something there for you guys to see it review and understand there's been amazing progress in the last 12 months for cardinal and all too often I see on Twitter reddit and other channels people just ignoring that or pretending it doesn't exist or just not aware of it and they just beat the old reliable drama of scam coin just a wallet nothing they're just a test net not a real product and that's a blatant insult to the people who wake up every day over a hundred at our company to really want this product to be successful and want to see this become a billion person ecosystem so the burden is upon us to be better at marketing this is also the month that but can she deliver the first brand proposal for that we for the brand refresh of car DOM and will work very closely with them the foundation and other key stakeholders to ensure that that gets done and pushed out I've also sent a formal request to the Cardinal foundations board to have a clear concise Africa strategy and Japan strategy Japan to get liquidity and unlock and open up that market there's a lot of work that needs to be done there and in Africa they have a fifty-two country strategy be represented in every country in Africa and make sure that we have a proper presence there and that real solutions are working their way into the marketplace and especially after gogin launches it's incredibly important I'll do my part I'll go to Africa go to South Africa I'll go to Uganda I'll go to Rwanda and many other places meet with a lot of their leadership there's only so much I can do we need boots on the ground and more importantly we need products on the ground so it's very importantly important that emerge on the foundation invest heavily in that continent get things going and will open as many doors as we can for them ok so let's get to your questions and let's see if they're good ones they always are all right this one comes from mind analyzer he says will we have notes pools and passive wallets using the Haskell code on test net will there be another snapshot with a pledge system with rewards be implemented on test net so the reward scheme as specified in the formal specification is implemented will be implemented in the Haskell note so the Haskell node has to follow the formal specification in many cases the executable spec is the implementation for the Haskell note especially on the legend rules so whatever the formal spec says for incentives will be followed in the Haskell side this was not the case for the rest side it was inspired by but we gave the rest team for the the freedom to diverge in cases where they felt that they could bring something to market faster because our priority with the incentivize test net was to create a collection of state pools and those operators you know they're they're willing to work with us so whether they're using rust infrastructure or Haskell infrastructure if they have to modify a script for one versus the other just the fact that they're there they're staking their building commercial relationships and they're being delegated to was more important because we wanted to understand first how many people would like the stake we wanted to understand if our GUI was right and we also want to understand who wanted to be involved on the state pool side so the point there was get it to market as quickly as possible so that we could see those metrics and work with that community and follow them along and then when Haskell is ready have that be a faithful representation of the of all of the science and the formal methodologies that we had chosen to follow so this two stage approach meant that we had the benefit of agility but then the benefit of a rigorous development approach also if things needed to be changed or we decided to get new business or technical requirements we would then have a canary in that coal mine so that we could pivot some of the Haskell designs and specification designs to reflect those lessons that we've learned from the launch of the instead of ice test net now the question of will we do another snapshot that's still open so likely not but it does depend upon the latency between the launch of the Haskell shellye test net and when we launch mean that if that's going to be a short time period then we will not do another snapshot if that's going to be a slightly longer time period because of some scope increase then we will do a secondary snapshot but there's a lot of discussions there that said we are creating a unified approach to how things are going to get listed on exchanges with the address dia program and we are also creating a lot of infrastructure for stinkville operators and so we're learning as we go and a lot of that's going to be ported over are you aware of the enigma project of secret contracts yes they use multi-party computation you once mentioned that card on I might include such a feature in the future yeah and Kachina is actually the research threat that we're doing this studying private computation we also had a research trip with multi-party computation and we published several papers along that line including Royale and kaleidoscope if you're interested and we'll probably release a product involving Kachina at some point Charles one coinbase or never you know I I really want coinbase and I hope soon you know we'll do everything in our power Charles you mentioned before that I which gay team is working on a project that is bigger than Cardinal itself can you talk about this project cardano's big and we work on lots of stuff if we do another product or project we always think about how we can cross pollinate and maximize the benefit for everybody and we always make sure that the products that we release do not compete with each other it's kind of funny especially in the world of computer hardware every now and then hardware manufacturers release accounts elf cannibalizing products an apple even to this for example when they released the macbook they also had the MacBook Air so they had the Mac the pro that was clearly different than MacBook Air so they didn't compete for the same customer segments but MacBook and MacBook Air did so why would you buy an error over a MacBook or vice versa doesn't make a lot of sense so you never want to be in a situation where one product cannibalize the sales from another product within the same company so whatever we do each of those product categories has to be free very well-defined scope so for example atala is a permission block chain and there the client may want things like reversibility of the ledger or modifiable privacy or they may want the only control that ledger and have it be a private consortium that controls it for example if you're dealing with highly regulated information like academic records or medical records and it's a consortium that happens to be sharing that with the grace of the government unfortunately there's no regulatory reality or you'd be able to take something like that and put that on an open ledger whether that be a theory of a car Donna so your only options are to pass on that deal or to do a permission ledger and then hopefully somehow find a way to connect that to an open system for the movement of information and customers so Tyler doesn't cannibalize sales from Cardinal that said there are other verticals that the proof of works is the privacy space is the IOT space is social media space and each and every one of these has business and technical requirements which may be beyond the scope of what Cardno can offer in its current iteration and a special purpose product may make a sense in that respect and we do do some things and well then also is at a later date that are chasing certain verticals that carbonyl can't cover right now and should not cover in the initial scope if these have to be open Ledger's then we'll see if we can find a mechanism that can create maximum benefit for everybody and Lola will course make those statements how was New Balance doing now any updates from that so that was a prototype trial run that we did was an actual product in circulation and people can use it today and still running and based on commercial success New Balance will decide to either to scale down or scale up that relationship so obviously we have a commercial team it's led by Jerry and he talks to them and we'll negotiate and we'll announce if that's being scaled up or scaled out that's a ten occasion anti-counterfeiting and loyalties are a huge industry huge market and what we've decided to do is put our money where our mouth is and actually create a dedicated group with AI which K to pursue that using car Dada so we're negotiating with the University of Wyoming a very large donation the donation will likely involve ADA so it'll be the first academic organization in the world to accept data as a donation and we're going to set up a lab there specifically for authentication so we'll make that announcement and the particulars behind how much and what we're doing in the scope I probably this month or next month and I'll travel Wyoming for this ceremony once we Wheelock all those things down but my hope is that this trillion dollar industry that is authentication we can pick up a chip out of it and really innovate especially for the secondary market it's amazing if you go to Chanel's web site they don't actually authenticate their own products so you can have this very expensive handbag or other product and you have no way of knowing if it's real or not if you bought it as it used good and that's just really unfortunate as consumers also nobody really wants to spend a lot of money for a watch or you know some other product if they don't really know if that's real or not or there's a perception of what they have is fake Rolex for example nine out of ten times when you see a Rolex it's not a real Rolex it's actually a fake Rolex so if you're a young kid and save up a lot of money and you work really really hard you finally get that Submariner and people look at you say oh you're too young to have that it's probably a fake you've lost all that brand value for that for that watch so so it's very important to have product solutions that allow you to authenticate things as they come and that's a market that we think bring a huge amount of value to card out on a huge amount of value to the pocket industry in general we're not the only one many people are chasing it we think the strategies that many people have aren't as good as they need to be and we're definitely going to have our own strategy when instant settlement instant settlement luck would come with Hydra through one of the Hydra and that'll be a that's like fast finalities usually what people call that you can buy barbecue with card I'll actually you can many places that sell that into the abyss as a known troll comes into our live stream just normal as John Elora asked has there been any discussion without educate but what you guys observe is network stability with the ITN network instabilities are common at the moment yeah of course it is and that's expected with a test that we also launch right around Christmas we had people work all the way up to Christmas Eve to get some patches out it's gonna be rough and rocky for a month or two as the rust team works to clean up things and stabilize things this is exactly what a test done is supposed to do if your expectations are for a finished product wait till the main net so we have observed a little bit of instability especially with some issues with nodes and sockets but you know we'll fix all that and it'll get a lot more stable over time that said it's actually pretty stable and surprises me how stable the incentivize test that is given the age of maturity and how rapidly we brought that to market and the components that really need to be good and stable the wallet back-end and Daedalus are rock-solid and those are the things that will be plugged into the Haskell node which has a very different development methodology where does the ADA we are getting rewards come from inflation so when we said there's only going to be X amount of ADA well that's over an inflation schedule and what we did is we took from the back of that inflation schedule we put on the front so it's like Bitcoin the last Bitcoin will be made in 21 40 it's like saying take some of those Bitcoin that we're gonna be made in 2039 21 to 39 and 21 40 and move them to the frost record set of ice that's not but it's basically inflation it's exactly the same as Bitcoin its distribution mechanism or any others hey Charles can you tell us about the Ethiopian government Cardinal project currently it's in the feasibility study where we're looking at regulation we're looking at deployment costings partners coalition's and should the feasibility study come back well then basically we run pilot and then the pilot would have win/loss we'd see what we did well we didn't do well what we learned it if the pilot looks really good that the government will issue an RFP we would compete with a coalition against other people to actually turn that into a real product so it's a three-stage process where in the beginning of that which is a feasibility study with the ministry of innovation and technology and that feasibility study will probably be done this month or next month they they're moving pretty quickly we're working with some Omar bomba and his guys and they have a good group there when Hydra we're targeting USENIX for the Hydra submission so hopefully February we can publicly publish that paper is there an estimated time frame for stinking to be implemented into Harbor Wallet such as ledger with the latest update of the heart of the Haskell wallet back-end we should actually have legend support and your ROI restoration support built into the wallet back-end so it's a question of rewriting the firmware for the ledger devices to support cult staking it's also a question of whether we want to do is some sort of legend multi-sig design and we have had some discussions about changing the underlying crypto card on to pls signatures so we're we have a group of people we work with who update let your firmware and we're negotiating with them right now bundle contract for collection features that we want what's available then they read all the stuff and then an update gets put through and you update your firmware for your ledger and then suddenly it has all these new capabilities but we'll make it announcement there we're moving a lot faster than historically we used to it took over a year to get let you support the beginning for a variety of bad reasons but now we're we're moving quickly and generally these things take 2 to 3 months once the negotiations are done and we go through but I'm pretty excited that we have ledges koala backend which means we can now build a ledger interface for Daedalus so you can actually manage cold wallets using Daedalus we just have to get the team to do that that's JavaScript code so you can write that quite quickly all right I'll just mm-hmm don't you think the roadmap needs to be rescheduled no happy with the roadmap as it is Gogan and Shelly are definitely good to go based on what Hydra and the de-risking looks like I feel pretty confident for 2020 and Voltaire version one we can get out 2020 so I feel pretty good does the know to also use polar cast as the pub/sub networks in the lair know what we're probably going to do is rewrite pull cast so there are some known problems with polar cast to me you wrote that in our network documentation and but we still wanted to implement and learn from it so there's gonna be a post-mortem that we do from everything you learn from building polar casts for the ITN we're gonna give it to Spiros who's the original author of polar cast along with some more design requirements and then what we'll do is we'll come together and develop polar cast - Rafa polder and that will be the official top subsystem that we pull in after we do peer-to-peer and the Delta Q stuff theory and copying card on oh well they're starting to talk about epochs and slots funny vitaly loves going to Reddit and saying how bad we are but then suddenly their stuff starts living like our stuff ok mr. V and if they can ever get a theory into out and probably it's going to be a theory but a theory of T living at the same time competing with each other like Python 2 pi it's on three it's not easy to do this stuff everybody can talk big but actually launching things building things keeping the ecosystem together it is so hard you can either be like Bitcoin and move very slowly or you're just gonna have to accept you're gonna leave some people behind and create fragmentation it's why we're doing things the way we're doing we think it's the third option and it's much better than those two a cannery branding marketing starting soon I'll get a report from McCann of recommendation about what they should do from the Cardinal foundation I think the first deliverables this month and then what we're going to do is comment on it and we run it through an iteration until we decide it looks good and then we'll propagate it through the foundation Americo I would share the ambassadors when lap dance with Chico I'll he'd even back out of that guy keeps backing out of things it is funny I said let's do a boxing match he says MMA I say okay here's the promoter no I can't use that promoter after he's my guy you know he's a nobody and gave him a chance to actually be somebody and he's still a nobody it's a lesson in life you get every now and then you get a once-in-a-lifetime opportunity shut the hell up and take it or all the number plates made by inmates in Colorado what do you think about this prison economy I hate private prisons I hate using prisoners to do labor you should never create a perverse financial incentive to imprison people and our society seems to be perfectly comfortable with that 1% of the US population is in jail or has been in jail that's just a national failure and it's morally wrong for us to privatize prisons it's morally wrong for us to create a business out of incarcerating people it should be collectively painful and expensive for society to have criminal conduct so that we all have a collective incentive to prevent it we should not create a class of society that gets rich off of the imprisonment of our people so this is one of the great evils that must be undone once once we've achieved a greater bit of clout I agree Charles greetings from Ethiopia well greetings to how can you get involved talk to John O'Connor bottom on Twitter in front of other places he's our director of African operations and more portly he's based in Ethiopia Addis Ababa so if you're passionate you want to do something reach out to him and let's see if we can make you an ambassador I think Trump will disagree on the prison subject you know it's funny we live in an age where people are so propagandize and sensitive and bipolar that polarized that if you say one positive thing about a particular political figure Clinton or Trump or something they assume you're a die-hard supporter and adores every single thing that they have stood for it if you say one negative thing people think that you endorse everything the opposition says and they brutally attack you as if you're like a Clinton supporter or something she's support Trump for example where you attack Trump and the reality is world's nuanced and people need to start thinking in terms of philosophy and they need to think in terms of principles then they need to think for themselves use critical thinking but that's expensive and time-consuming and our society doesn't incentivize that incentivizes people picking aside lobbying candidates at each other and having monolithic saw thought I'm deeply disturbed that we seem to be on a path to war with Iran for no reason we don't really need to go to war with them we can fight the Cold War or a proxy war and fight them economically and fight them through wet work and fight them through backchannels we don't need to actually have a war but you can't go and assassinate basically the second in charge of that country at an airport in Iraq and expect that there's not going to be a profound blowback from that that's just a fact of life if we always have to ask ourselves if someone did that to us what would be the consequences if someone killed the vice president of the United States or the chief or the Joint Chiefs of Staff chairman of Joint Chiefs of Staff or the Secretary of Defense it would be an act of war we would already be launching missiles so we do this to another country and we think that somehow there's not going to be profound consequences to that so unfortunately we seem to lack wisdom at the moment in our foreign policy it schizophrenic at best and it's it's leading us to a path of a major conflict at worst we seem to lack wisdom in our economic policy as well I can't for the life of me understand what our trade policy happens to be I can't fertilize me understand what our European policy or Asian policy happens to be and this is a consequence of electing someone to the White House who has no experience whatsoever running anything of prominence and doesn't seem to want to listen to people or understand the moral responsibilities of what we have the American country is an empire for better for worse we built it after World War two and when you become the president you're the king of that Empire for a finite period of time and there's a fourth branch of our government the great bureaucracy that manages that Empire it's huge its vast millions of people who spend their careers just doing that again for better for worse it's not an endorsement it's not a criticism it's just reality as it is and so we have someone who's occupying an office who's in a position to basically tell that Empire what to do has never really deeply thought about the consequences of his decisions now the problem is the opposition party is offering us basically unrestricted socialism seventy percent tax rates five percent wealth tax nationalizing a six to half of the US economy endorsing a meta government because of global warming that will basically mean that unelected bureaucrats somewhere in the world will have total control over the US economy and of course get rid of everything get rid of our constitutional rights etc etc and intersectional politics which will divide us and crack society at its core so there's nothing viable there so what do you choose a petulant belligerent King was more of a man-child than a real person who just thinks it's perfectly okay to just kill people at airports not understanding the consequences of it and it can't negotiate anything failed negotiations with North Korea failed negotiation with China or a party that wants to basically destroy the entire US economy it's a bad position to be in and it's a symptom that society is going through a great change the reality is the US government as it is is not working for us the u.s. people it's not working for the world and we're due for a change and that's probably going to be through a constitutional convention or a civil war or something but it's not going to be through the ballot box and a traditional sense it's a rigged system gerrymandering has caused a situation where the same people regardless of approval get reelected over and over again and they have lifetime appointments the approval rating of Congress is right up there was genital herpes about eight percent ten percent not exactly the popular institution yet 2020 is going to come along and come November we're going to reelect over 90% of the incumbents that's a fact we're not gonna see much change Nancy Pelosi is still going to be in office Mitch McConnell's still going to be in office I've never heard of an institution where you have a 90% disapproval rating but the incumbents get to keep their job and in terms of the presidential election we have no diversity there at the end of the day it's a rigged system you don't get to pick your nominees the party picks them everybody who dealt with Bernie Sanders and Hillary Clinton back in 2016 learned that very quickly she was coordinated instead of selected and it's the same with the Republican Party every now and then we have an anomaly like Trump more often than not party insiders making the decision who gets to be picked Bush here McCain here Romney here it's pre decided so we will not have change and this government will not wake up and and do its job and until we have a new way of governing this is one of the principal reasons why I'm in the cryptocurrency space because at the end of the day you can either complain about it or you can offer solutions and built in our technology is basically trust and truth engines record facts record consent building voting systems decide how money is going to work get private money get private comrades build international trade relationships without creating a powerful central entity to govern and control you this is as much about governance as it is about money our space in fact more so and if I can say we can rebuild the Ethiopian economy and the government Rwanda and Uganda in South Africa and get rid of the corruption it works just as well in the United States as it'll work abroad so we have every intention to bring that technology home and it's already happening in the state of Wyoming one of 50 chests two senators same as California and there we're starting to bring blockchain into every aspect at some point your driver's license in Wyoming to be connected to that at some point all the laws will being connected to some sort of cryptocurrency based system and some point the probably will vote online using a blockchain and if it works there in Wyoming it will work in Colorado and Nebraska and eventually we'll get enough states and we have this little thing in the Constitution let's just call a constitutional Invention Convention if two thirds of the states agree which means we can bypass the entire federal government and rewrite the US Constitution and put the federal government out of business so I'm deeply disturbed that our foreign policy may end up killing a lot more people and creating all kinds of horrible chicanery and I'm deeply disturbed by the way the US government's operating at the moment but you got to change it we're gonna change it by going and changing it at the state level and changing it through innovation and technology that's what we're gonna do and things will look different so the presidential elections for example should be the case that every state elects a delegate and then we have run off elections until eventually windows down to a set of five or six candidates and then you create a preference ordering your number one choice you never teach us means we'll have multiple political parties not just two that can in dark rooms make decisions about how things run second the bureaucracy needs to be destroyed and it needs to be pushed back to the States third the governors need to vote on whether we have war or not two-thirds of the governors have to decide to give the president authorization to kill people abroad or to start or not the federal government because governor is the ones who control the states ahead and end up contributing the resources to do this so it's a it's a balance of power between the states and the federal government not a kingship so things will change in this decade we're gonna see a lot of it and it's going to come out of the consequences of death failure chaos and bad decisions we'll have another financial it's inevitable negative interest rates 23 billion dollar national debt the United States Japan's debt to GDP is like two hundred and fifty percent this is not sustainable China is also going to have an economic class they're building ghost cities why do you think we have social credit it's coming because the leaders know proactively that things aren't always going to be so good and they're trying to build checks and balances and control mechanisms to proactively protect them when the depression comes that is a great opportunity to have a discussion about new laws new regulations new forms of government which are a bit better for everybody they have long term aizen's instead of short term horizons they're more inclusive they protect the rights of the weak they ensure that the powerful don't co-opt us and also they get rid of a lot of these evils that are leftovers from the 20th century like private prisons and war on drugs and so forth and they respect the autonomy and value of human people human beings Moff I saw box now have you been following the debate between Erik Voorhees and Nick Szabo not going to wait into those waters Nick has many things but he's not delicate in his debate where the 10% who approve of genital herpes yeah I know right I see these things like a only 8% of people approve of head lice like I think that might be in the margin of error your poll statistics is great right I knew a statistician when I was studying mathematics and he said you know Charles sixty-two percent of all statistics are made up and forty-two percent of people know that [Laughter] that's a great question it says are they any plans to make capping possible stake pools to avoid oversaturation this is a great example of what the ITN does gets us all talking on a common vocabulary yes we are thinking on many different approaches and one of the things we're going to start doing is broadcasting through the channels and get collecting feedback from stakeholders about everything and use the customer about the delegation experiences so forth my goal is to get better KPIs and more understandable way of managing the system the other thing is a lot of these parameters eventually will be user updatable so you'll be able to vote on them everything from the block size to the K parameter for the amount of state pools and other things like oversaturation and so forth so BitFenix is still testing card out on iteration for like eight months now right I mean if they have some problems they can always call me I'm here guys be really nice if you know if you'd like to list us we're here to help foundation is here to help we have a Neville is always available just call us if the airman vittala been recently featured on vice news so it was John McAfee do you think media coverage like this will smother the technical advantages of Cardinal no it's easy to get vanity media guys very easy media doesn't get you anything you ask yourself Oh a news story occurred how does that translate into adoption price appreciation or all these other things you all care about doesn't just gives you visibility so when you talk to the waitress at the diner she says oh yeah I've heard of that but is it actionable can you do something with it the fact that a million people know who you are is that important you know methank in terms of what is actually going to achieve adoption and some of the best technologies in the world or text you know nothing about tcp/ip how many people actually talk about it go to the diner talk to the waitress does she know about it does he know about it probably not but yet every single time they pull out the cell phone to check facebook it's there so it's not about the it's not about who knows about it it's about who's using it what you can do with it that's the key that's much more important does anybody now but Plato was sentenced to death for was Plato sentenced to death Socrates was killed I can't remember if Plato's sentence today you guys remember soccer teams drank the hemlock Aristotle had to run away too totally tempers that have people approve of tcp/ip and by the way it's so easy to to game a pole you know they once went to college students and said are you concerned about the environmental impacts of dihydrogen monoxide college students were like oh man that sounds terrible at h2o law Jarls did you see the new Star Wars movie yes I did yes I did rise of us rise of Skywalker was basically a two and a half hour long apology from Disney about screwing up with the last Jedi the amount of fan service there was unbelievable they're like let's have Han Solo but but he died I don't care this Roman and Chewie you get a medal and and we're gonna have Luke raise the x-wing like Yoda didn't from the Empire Strikes Back it was crazy it was crazy it was an enjoyable movie they the problem was that JJ had an idea of what he wanted to do he started it with the force awakens it got all screwed up and yet two and half hours basically fix it and he did the best he could with what he had he was given an impossible task as a director that he said alright clean up this bad movie make a billion dollars and you know keep the Star Wars fans happy it's like how do you do that you have no creative freedom oh and yeah you have to do all this merchandising for it as well so I you know kudos to Disney for for you know doing their best to clean things out but gotta be honest with you guys if you want to refresh everything Disney give us what we want give us an r-rated Darth Vader movie and have the guy who did Logan directed there you go it'll be amazing and and have Daniel day-lewis play the villain in the Vader movie or something like that great oh by the way spoilers I didn't give too many spoilers yeah I know I love the local movie - it was basically like a mutant western they even did a black and white version of it which was quite good you know cinematography is great you know it's just magical I have a still actually in my office you see the red thing back there from Blade Runner 20:49 Danny villain who's one of my favorite director ISM there was such a beautiful movie it really was it was so well shot and just so incredibly detailed and layered like when you actually looked at things like the mailboxes in the walls they started with something pristine and they just put layer of layer of graffiti and crying mana as if it had been lived in and that was intentional it was just incredible to see how much work they put in and that's how you make great products by the way you know everything that's good in life somebody spent quite a bit of time thinking about the subtleties and the fine details the thing he'd never see like the the first Apple computers that Steve Jobs created with Wozniak they actually cared of what it looked like inside the case no one ever sees that but they care about what it looked like inside the case that level of attention to detail and it's it's just so important to do that it's why we took part on we built it you know there's a lot of love in that code there's a lot of passion that was but every detail was argued about and the formal specifications even the notation that we use we said should we use an alpha or this or this letter or you know what should we do which the typesetting look like yeah cuz that's what matters if you have that level of passion you care about that we'll end up building something beautiful and great yeah Rutger Hauer was amazing - you know that's a little qui that Rutger Hauer had the tears in rain he wrote himself think about that an actor writing his own lines and making it like awesome yeah wrote one was good too which you're a fan uh yeah actually on the plane while flying back I watched the entire Netflix Witcher all eight episodes very well done Henry Cavill thank you so much the voice was spot on the glare was spot on which it which it was very well done what are you increasing the k-factor I'd like to increase it cost me money do you take lion's mane or any other interesting supplements I do take lion's mane it's a great it's a great mushroom it since helps you regenerate neurons shield increase BDNF brain-derived neurotrophic factor and it does a whole bunch of things there was a case study that they did out of Japan with people with dementia and after putting him on a six-week regimen of lion's mane I think five grams per day which is a quite high dose it actually noticeably improved their symptoms over the control group so lion's mane is quite good and there are other mushrooms that are good for you too gorgeous EPS and so forth mycology in general is an under studied an underappreciated field of science and it's something that we really need to kind of push our our funding levels up for and create new drugs for combined lines main with aerobic exercise is quite good along with mindfulness meditation Paul Stamets he's awesome my parents ran into Paul stamens he came to Gillette Wyoming my dad came down for Christmas and we were talking and and we talked about mushroom trip and he said there's this guy that came and he was talking about my she's really smart about that and I said it wasn't Paul Stamets he said I don't know I pulled out a picture and said was it this guy and he said yeah I've been trying to meet Paul for like ten years and he just shows up to Gillette Wyoming this small town I didn't even know he was there yeah Paul Stamets was on the jail Road he's been on twice actually any bad side effects reliance pain none that I'm aware of that said you know talk to your doctor before you do any supplement glad to see you so happy Charles anyway what's your roadmap for losing weight and keeping in shape respectfully I had to start traveling less I have lost over 25 pounds and I'm glad that the New England Journal of Medicine I think was December 26 recently published an article about the benefits of intermittent fasting tuck them's damn long enough but you know that I do that and there's a litany of other things I do I have a team of people I work with I have a personal trainer and a nutritionist and it certainly is doing a lot for me and I look a lot better I was getting pretty porky there and Thank You Twitter for pointing that out I fast about a week once a quarter and I tried to do six days of exercise every week when I'm home the problem is the travel that's what kills me if I'm in one place I'd look like Brad Pitt and Fight Club I guess why not hang gliding is better than a fly seat you've lost your damn mind man wing suits are the way to go and Jarno is the man he's amazing i I went training with him not too long ago I Charles have you done skydiving in Brazil no not Brazil I've done many many other places and for fasting it's 16 8 16 on the fast eight off nothing wrong with poor try a tree full of bacon had some bacon this morning ketogenic is definitely the best I agree with you there and by the way you can be vegan and ketogenic you crazy vegan people there is there any chance to internship industrial placement at Iowa J I'm a computer science student would love to work with you guys need valuable experience for my degree that's a great question depends on who you are where you're at we're doing your internship at we're currently not hiring interns but we'll uh we'll definitely try to open up something for that and if not us the mergo is always available and then of course the Cortana foundation may have something she totally tried TM T by the way yeah that's for the Joe Rogan experience gotta love gotta love that guy have you done DMT Joe DMT Rogan yeah Fight Club was a great movie yet all of the Pixies where is my mind why is card on a price not increasing you tell me do you have any evidence to support the claim that other projects fear the rise of card on oh yeah of course by saying bad things about it guys if the people running those projects take the time to criticize us it's a good indicator they're needy scared of us especially Tasos and others you know why would you criticize someone who's not a threat it's a waste of time effort money and energy you just say yeah let them be that they can focus on your other things we don't spend a lot of time talking about projects unless those projects have good technology or an interesting thing like I really like Algren and I was interested in Dash's Treasury modelling I like the adoption that Bitcoin cash is pushing for merchants and things like that so we talk about them in that respect or that those projects are doing something I consider to be unsustainable or unethical and has existential consequences for our entire ecosystem for example bezos's failings with their foundation caused a lot of problems for everybody who Addis was foundation whether they choose to admit this or not it made fin mine esse and everybody else very very uncomfortable and it set everything back by about a year to two years in Switzerland from a regulatory perspective and Cardinal has this to his foundation so they piss in the pool I have to live in that same pool so force I'm gonna say something about it they spent a lot of time effort money clean it up for eight years they did a four billion dollar ico and it was a our entire industry and a symbol of the excesses of our industry so of course we're gonna say something about that but I wasn't because I want to take customers from ATO sortez owes who cares you know the plenty of people to build on our platform we don't need to take a single one of their customers good good rent isn't good well there's good things to learn everywhere but when these other projects attack me or attack Cardno in particular it's because they're terrified unless the end of the day we're chugging away and if we get everything right we create basically a perpetual engine that gets bigger and stronger and self funds its development and don't wake up one day and have a billion users and frankly there's no way they can compete with us they don't have the scientists they don't have the peer-review capabilities they can't write code like we write code and they also don't have the level of passion excitement and enthusiasm that our communities have the loyalty that our community has so if we're successful they're done it's not the other way around though what do you think about the taluk meeting Putin I'm an American man I stay out of sanction countries I say out of countries America doesn't like Kyoto you don't take positions on these things you just deal with the consequences of them and then you you try through the ballot box and political means to change things but just because I disagree with something doesn't mean I'll break the law if they do sanction it takes a lot of courage to do that and that's not a hill I want to die on I'd rather be here and change things through technology and economics it's much more effective when Fatah liqu is not Russian he's Canadian of rushing to set I believe he was born in Russia but grew up in Canada and he does speak a little bit of Russian but it's Russians terrible [Music] did you expand your farm with any more animals this year we got mini donkeys well last year we got many donkeys this year bring get some alpacas so four alpaca is on the way might get some yaks - and I want camels is to have a dromedary camel but I want Baccarin camels they're much better for Colorado you know they might actually bring the woolly mammoths back I had a great conversation with somebody about the what would be required to do that and he specializes in genetics and biology and all that synthetic biology and CRISPR stuff and I'd say probably this decade will see that the extinction of at least one animal probably the woolly mammoth because they have enough DNA to do that and the viable path to bring them back and frankly they'd be perfect for Montana and Canada and other places you shave them during the summer and you let them shag up during the latter time and they just kind of free-range roam around that's my retirement plan be a mammoth herder in Montana then camel yeah give a guy's give me a good one I support the mammoth initiative well thank you sir yak butter tea butter tea is amazing actually turned me on to bulletproof coffee yeah you've been to Nepal is Haskell a good first programming language to learn well if you're gonna do that then buy this book programming in Haskell from Graham Hutton that's a very good starting to learn about Haskell and magic of Haskell and all the cool things you could do with Haskell and so forth but I wouldn't recommend it I frankly recommend JavaScript or Python because the pedagogy is just so involved it's so good do you skydive yes oh if you if you're gonna start drinking bulletproof coffee then I'd recommend taking a digestive enzyme especially something with bile salts your body is not used to processing that much fat at once and if you have any problems by all or your gallbladder you're gonna have a lot of indigestion it tastes a lot of balm at your mouth so take some sort of digestive enzyme while you drink the bulletproof coffee may go down much easier Charles you should buy your own flow tank I am when the event barn gets refurbished right now I use isolate it's a flotation Center and folder Stallone Arnold you got 1980s Arnold Schwarzenegger today's below I know you respect his aircrafts project do you have any insights into the bat project yes Brenda Nick does great John he's a very surly guy he's fun to argue with over Twitter and I've run into him every now and then but I have a lot of respect for Brendan and his work and you know batts is an example of a good product a very good product you have a very clear focus and scope of what you want to do you know how to grow it you know why do people are going to use it you have a niche that clearly has a need and no one's satisfying that and you're pragmatic so you built it on chromium so solid platform Google's taken care form he does what he needs to do user growth user growth user growth user growth and it has a sustainable economic model and should it be successful it will completely revolutionize ads that's a good idea and this is a great example of what should be done in our space steam was actually a pretty good idea it just didn't have an incentive for the buy side had it had that but a huge project Dan Larimer special good idea mixed with a bad idea can't differentiate between the two value leaks out the end of the project goes somewhere else if you ever figure out how to do a holistic thing like bats it'll be here to stay and brave will be here staying and I'm very glad that they're around I have a lot of respect for Brendan and his team any ideas to accept an invitation to a North Korean conference on crypto you know it's so funny because I I remember when I got that invitation for those of you who didn't hear this story this guy named Jose I think Jose Balamory the his name is just some useful idiot shill who is I think originally from Spain but now as a propagandist for North Korea invited a litany of people including me to come to North Korea for conference and I told him to go himself I think I actually used that exact phrase and followed by a lot of nasty language about how evil that government is and of course he saw you just bent propagandized by the West blah blah blah okay so anyway when I heard that Virgil was going I said if you're gonna go you're probably going to go to jail your US citizen and and he said no no no no one cares blah blah blah and then I said ro ask the State Department I think he did and they said no and he still went and that was in jail I guess he's gonna be released Alabama under custody of his parents or something like that sanctions are no joke you know just going back to an example I use last time I talked about this we have a great Iranian community for a card on oh yeah they're very smart then mostly because Iran has a great academic tradition and they look at the white papers there's academics there the cryptographers there they read our papers which are publicly available over the Internet and they they say wow this stuff is really interesting and all the time I get invitations to come and speak I won't go until the regime changes or the US government gets a good relationship with Iran I'd love to you know I'd love to have a good relationship because this is a open free society I'd love to work with everybody unfortunately you have to live within the constraints of society and reality and the geopolitical realities of your time in the 1940s if you were Jewish he probably didn't go to Germany especially in the first half that centrum of that decade just used plenty of great universities plenty of stuff happening welcome and you know if you're capitalist and you're tight with the US government probably didn't go to Stalin's Russia you know you probably didn't go to the Soviet Union unless you're Bernie Sanders for your anniversary but but anyway there's just certain places you can't go and certain people you can't talk to it's sad that we live in a society and a reality that is that way but it's just something we're gonna have to work our way through and that's the point of this technology is to try to harmonize the world to make the world more interdependent bring people together and set aside petty rivalries and set aside the past and make people realize that we can accomplish so much more was peace and trade and freedom that we can accomplish with silos and barriers and walls between each other and I hope my life's work can create a world that's a little closer to the former than the latter over a hundred beyond come on one one more one more come on right here what do you think of max conscious Siri that China has 20,000 tons of gold guys gold doesn't create value out of thin air people do yeah just think as a thought experiment this is great way to end this podcast as a thought experiment if you were marooned on the island of diamonds and gold so everywhere you look there's bars of gold nuggets of gold cities of gold and diamonds so big you can just have in your hand like Captain Kirk when he fought the Gorn lizard creature so these big diamonds big gold all around but no food or water is that a good situation to be in you see things have value because we as a society decide to value them and not the other way around there's no notion of intrinsic value where things just magically value produces value okay so I would much rather live in an economy where I have economic freedom I have lots of entrepreneurs doing interesting exciting things all the time where we have great education where you have technological innovation occurring and we have real products that make are useful to people and when you have idea flow and freedom of expression and a stable economy with rule of law that respects people that has so much more wealth in capacity than an economy that has 20,000 tons of gold sitting aside just look at Spain compared to the Netherlands during the after the discovery of the new world they get all this silver I don't you know reach oh and all these other places they have huge amounts of silver in fact to created silver inflation the value silver plummeted throughout all of Europe meanwhile the people actually much better functioning capitalistic societies like the Netherlands thrived create a giant corporations they did quite well so we're way ahead of China in many respects and if you had to bet which country is going to be the predominant country like the which century is you know going to belong to which country I'd say the 21st century still an American Century the reason being is were the world leader in ICT we the world leader in nanotechnology or the world leader in creative endeavors for the creation of content curation content were the world leader in scientific research and the application of scientific research you know we still have the best entrepreneurs the whole private space industry here and even one more behind like with rocket engines we can easily catch up like what SpaceX did we're now the world's number one producer of rocket engines we weren't even the top ten for a Space Age yes SpaceX came in so these are the factors that make great economies and as long as they're set up in a way that when wealth has created the wealth trickles through and a large group of people benefit from that instead of one or two people at the top the economy is sustainable and it does well we have many world challenges like global warming is a great example of that that can be solved through innovation you just take these carbon scrubbers this likewhat carbon engineering is developing and you pair it with fourth generation nuclear power and you pair that with a way of recycling nuclear feel so it has a very short half-life those three things together could create a sustainable way of eliminating all the excess carbon we end global warming you'd only have to build somewhere between 500 to a thousand fourth generation nuclear power plants with carbon scrubbers to be able to take all the excess carbon out of the atmosphere that that we're putting in through the fossil fuel industry now how much would that cost us all slap a 50 billion dollar your carbon tax you'd have itself in 20 years you don't eat Greta you don't need a global government that's really just an excuse to create a one-world government don't need any of that stuff you don't need to control people you can solve it through innovation and we the American entrepreneurs are the ones who usually lead the way here so who cares about who stockpiling gold who cares about these natural resource Wars these other things will innovate our way out of it and as long as you have the right conditions you can always innovate and always produce interesting things worst case scenario we can go tether and asteroids it's solid gold and go mined the damn thing and bring it back home if we if we care about gold that much but gold is not going to be the the king of the 21st century probably helium-3 will anyway until next time my friends fun as always we went through many serpentine paths but coming back home Cardinals prospects look look very solid happy birthday Bitcoin this decade is gonna be the most magical decade in the human race history and we're gonna see wonders and we've never imagined and I look forward to living it with you and thank you all for helping make our danau already a great success and here's the Cardinal by the end of the decade being the number one cryptocurrency Cheers
