hi everybody this is Charles Hoskinson broadcasting live from warm sunny Corona filled Colorado still in my office still working hard although I'm the only one here so I don't think I'll catch anything in the office and following standard quarantine protocols farm to office and pack but I did want to make a video today talk about deadlines and delays and these things I read some threads on the reddit and we're always transparent we're always open so I addressed the questions that come up you see what is releasing soon as the byron reboot and the byron reboot is the culmination of about 18 months of engineering effort let's talk about the history of the project and we can kind of walk her away to where we're at today and why things have taken so long Cardno was very honest when it started we said we're a scientific project and a scientific project means you do science and science is unpredictable it takes time today right now we have a global pandemic that everybody in the world knows is going to kill millions of people it's shutting the entire world down so why don't we have a vaccine we have several vaccine candidates why don't we just go around and just start injecting people by mass with these candidates hope maybe they work maybe they don't work we see a lot of people running to chloroquine because a single study with 40 people says it has some benefit Poliquin is not a safe drug it can cause quite severe problems for people as if throw myocin treats bacterial infections has nothing to do with viruses people cling to hope and that you want something now the point of science is the remaini of human beings from the process and to follow a systematic way of thinking so that you can resolve problems cardio was never a project that signed up to build yet another cryptocurrency we have them we have Bitcoin we have aetherium we have AOS we have iota we have Tasos we have hundreds of options if we entered into market the only thing we offered were smart contracts and a good consensus protocol in a good Ledger we just be one voice among the 3,000 that are speaking and how do we get ahead card otto was a project that said it would bear the burdens of scientific due diligence on the entire industry so we said we will assume nothing we will start from ground from first principles in 2015 what is a ledger what are the accounting models how do you write a smart contract programming language what requirements must it have now this process is methodical and slow everybody knew that going into it and we said it straight up peer-review evidence-based software and so we started in 2015 it was 2017 before we released the product now we learned enormous amount in those two years we learned a lot about architecture we learned a lot about how to write a cryptocurrency but we recognize that it would be inconceivable to wait 10 years or 20 years for a product actually hip market so we needed to put in iteration we needed to put in the ability to ship products quickly so we decided to embrace a two prong approach in 2017 one we hired a group of people to take a fork of haskell bitcoin and put or boris on top of it and build out basically a version one similar to what we were trying to do and accomplish with the incentivized test net that group of people released the very first version of cardinal the byron release in september of 2015 now the hope was that a parallel team could start from first principles and build a perfect cryptocurrency and that would take three or four years to complete so that group was led by well-typed Duncan Koontz and his people who are among the most skilled engineers the world has meanwhile the other group was led by a firm known as Sarah Cal now unfortunately not everything worked out the way we hoped the software that we released in September of 2017 was Layton was ten o'clock all dead and it had a lot of small design flaws which at the time we were building it were difficult to catch but certainly became more than evident as we got closer to closer to the release so here's what happened we spent all of 2018 most of that year trying to resolve and fix something that we assumed could be iterated to a point where it was stable so this introduced the first wave of delays our belief was that we could have put or is classic with a delegation system on top of the Sara Kel code base while well type working with its skunkworks would continue building the evidence-based software version of cardinal which would be the permanent protocol that would ship in 2020 so what did we do we started pulling resources from the other team into the first team in an attempt to correct the software cleanup the software unfortunately the software was written in a way that made maintenance of it very difficult so in September of 2018 we decided to pivot and we said we're no longer gonna try to remediate this software we let the CEREC we valued delivery so we said we'll spin up another team that was the team that I led with Cardinal rust that delivered Icarus to market which became your ROI which is our single most successful and fastest adopted product in our ecosystem and also fastest built product because we built Icarus in four months time we'll take that team and have them build a parallel very agile very rapidly produced version of Cardinal so we can replace what we were planning on doing with Sarah Kelso we can bring things to market faster now that team was successful in 2019 we shipped the incentivised test net which if we were just another cryptocurrency would be Shelly it's stable its decentralized it has hundreds of operating nodes its network uptime is over 99% at this point it's secure it's working well it's very performant in fact we have a path to over a thousand transactions per second with the instead of ice test net as it stands today in market today that product is running today it's not just another wallet it's a full cryptocurrency if we wanted to call that Shelly and put Shelly on it it would deliver the promise of war Boris Genesis our wallet back-end and all the other things that we've spent years building but we have committed ourselves as a project and we made a social contract with our community with the scientific community that we would follow an evidence-based approach which is why we're working on the Haskell side and it takes a bit more time now these people didn't sit on their shoes for years they worked thousand and thousands of commits every week months and months and months and months of hard work writing specifications sprint after sprint release after release you can see this code there's no trust Charles Hoskinson here it's in our github repositories you can physically see a chain of custody of developer after developer commit after commit after commit and the dozens of repositories on our github publicly there and you can see that that software has evolved from a proof-of-concept to a production great piece of software we are not card delano we ship every single week every week the incentivize test net ships we cut releases all the time usually 2/3 a month for the wallet back-end Dedalus cuts releases all the time and even the Cardinal node which is being built with evidence-based software has been maintaining a biweekly release cadence so we are now in a position where we moved beyond the slow waterfall processes of formal methods which have historically late in the industry for 40 years and moved it into a rapid release cycle no other software company in the world has done that the way we have done it and we are getting to the end of an era the byron reboot isn't just another release and that's what's going to happen is when we release it all of our critics are gonna say the byron reboot is just another release it's just another thing it's not it's the culmination of 18 months of hard core work completely rebuilding Cardno from the ground up and then at that point we are masters of that code and every two weeks we can add to it there are no more gigantic monolithic releases we had to rebuild everything to get to this particular point this was never the original intent our hope was that we'd have an iterative codebase and at some point at the very end we'd hard fork to the evidence-based code base and that code base would be the one derived for the next 50 years unfortunately the first attempt didn't work but that didn't slow down or stop the second attempt the evidence-based attempt in Byron is that attempt that Byron reboot is going to be the biggest release we've ever done as a community as an ecosystem it's built with evidence it's built with quick check we found hundreds of bugs using formal methods that we were able to resolve before we released it this is the point of what we've done now in terms of when it's going to release imminently like very soon I promise the community that apart is going to announce that but it's now at a point where features are not being added we're just resolving bugs and pulling all three pieces together Daedalus the wallet back-end in the node and those pull together are successful are able to restore wallets were able to send transactions were able to process blocks so all the things that our checklist that we need to do we're able to do so now it's just a question of when of does Aparna feel comfortable to do that and that's imminent very soon at that point everything thereafter is no longer a monolithic release there is no waterfall anymore it's gone it's dead it died a year ago the problem is there's latency in these things for example today we have vaccine candidates for Corona fires and no matter how bad the world wants it there's a process that has to be followed and you can speed that process up a little bit but we're still only going to get a vaccine 2021 despite the profound economic consequences of that reality as the fastest it's ever been done similarly there was latency in the processes and the procedures that we adopted and that latency we weren't meant to feel because we were supposed to have a different code base to work with it didn't work out now if we compare that with our competitors they've had a litany of issues major hacks that have lost hundreds of millions of dollars some networks have had to shut themselves down the fact that they can makes you think well are they really a cryptocurrency or not and there have been years of delays and major projects throughout our space from f2 to file coin and so forth the problem is that the end user usually does not see the product until you get to where we're at today biron reboot that would be the entry point and then when we talk about Shelley and Bosco and Voltaire that's new stuff to them you guys got along right in the beginning right when we're talking about the science right when we ran our D project and every single major company Samsung medgar's Google Apple they have tons of Rd that they do and that are Indies plagued with delays it took 10 years to bring at all to become Xbox Kinect it took about eight years for the hololens to become a beta product the lidar that's inside apple's new phone coming out that lidar took six years of development before they could actually bring it to the iPad pro you don't see that you don't feel that you don't start day one when they're talking about light art you see it when Tim Cook goes up on the stage and says we have lidar now in our phones whereas today with us you saw it right in the beginning when we were talking about it right when we were writing the very first papers and then demanding where is it where is it where is it and I keep coming back to the vaccine research because it's the closest analogy this is the first time the world gets to see the wizard behind the curtain they get to see the scientific process in action they get to see what it actually takes to deliver something based on evidence to market and no matter how bad the world wants it they're not going to get it until it's done and it's the same situation for us but here's what happens what it's shipped it changes everything the world gets to go back to normal in the case of the vaccine for us it means we succeeded in the most significant scientific and research project in our spaces history everything about this project has been carrying an enormous burden on its back even Haskell itself we had to make better we had to correct bad libraries we had to work on cross compilation so Haskell could easily compile the JavaScript and web assembly we had to find ways to get Haskell to play nice on Windows which took two years of effort this was in a colossal effort and the people working on this are spending the best years of their careers do you think that they want to wake up and say it's just another project the reputation associated with a failure No if you look at the commits if you look at the dedication you look at the things that we're doing you see the passion and the excitement you see people working on the weekends you see people working on holidays so we as a community have held together and another important thing is in November side of aisle which camber co and the CF there was no one in our community that knew how to operate run card ah no as a network now we have thousands of people just a hundred days later in our telegram channels who actually understand how to run the software and independent of our organizations actually run the ecosystem we have hundreds of state pool operators I asked the state pool operators to make videos they're coming in every week great videos every day people stay at home moms - technologists big operations small operations they know how to run our software now and if we ever went away they could actually run the network that's called decentralisation this was not the case a hundred days ago and a hundred more days how much more decentralize do you think we're going to be we will have smart contracts we will be fully decentralized before the end of this year we will have governance before the end of this year and our network will be quite scalable before the end of this year these are the fruits of years of scientific research our critics never mention a single one of our papers a because they can't understand them and B they tell a story of people who are very disciplined very systematic working every single day very hard to try to do something different that's the key word here different new exciting it took years of effort for Bitcoin to be constructed before anybody ever saw it and we've been building it out in the open Cardno for everybody to see taking brutal criticism along the way everything we do for example videos were made when we released the incentivize test net saying that's just Cardona only five people are working on it every other developer was totally ignored then one of our community members unfortunately said things like the test net is wrecked it's not working very well and as true wasn't a very stable test that when we first released it because it was an alpha product today right now it's 99 percent uptime the product is working great things are wonderful people have a much easier time running it no one talks about it anymore and now of course our critics ignore that test net and the success there and the decentralisation we've gained and they've now pivot back to the Haskell side they will never be fair they will never be honest they will always say we're just the wallet they will always say we're nothing because at the end of the day their definition of success is is the market cap high or not if it's high everybody's with us if it's not high we are a scam and a failure at every single thing we have done is meaningless here's the reality those people are going to be gone in 3 to 5 years they won't exist anymore they'll go on to something else maybe they'll go and troll the next game of thrones or maybe they'll go and become Rick and Morty fans who the [ __ ] knows I don't care about them and I didn't build this product I didn't start this ecosystem for them I built this product to build something that would be around in 50 years and so we have laid all the foundations in the seeds Cardinal permanently lives in the Academy Cardno permanently lives in the evidence-based software community we have revolutionized every single component of our system from how assets are issued to how our accounting model works to how dsls are integrated into our system - how smart contracts are put into the system how our consensus protocol works we solved proof of stake it's not a trivial thing it was the single hardest problem in our industry we solved it and we solved it in a five year time frame which is a remarkable thing we also figured out how to scale as far as we want if we want to get to a million transactions per second we can get there we figured out how to do it this was not a trivial thing we did these things and we did these things with principles we did these things in the Academy we did these things through the peer-review process you do not have to trust me the papers are there they're open they've been sent to conferences and accepted which meant that they have merit that people said these are worthy of the academic body you can just trust the citations themselves if you google ora Boris classic you'll see over 700 plus citations the same for the G Cal model which is the foundation of the many things we've done our competitors are citing our papers which meant there's something of Merit there it's worthwhile there that means something those are the foundations of a decentralized society and this is not easy it's not something that you just wave your hands and it magically materializes you have to think not just about how do we get the code out now you have to think about how do we build a process so the code will always get out even 5 years from now 10 years from now 15 years from now when the custodians are long gone that is far more meaningful and we've made great progress on that so biron reboot is imminent and then after that it's iterative where we've merged both of those roadmaps the fast roadmap in the slow methodical evidence roadmap they've become one and then Shelley will soon follow after that and then Gogan soon after that and so forth these things are getting done teams are building in parallel we are number one for commits last year and we'll probably be number ones for commits this year but I take great umbrage the people who say these are just delays are unacceptable we can't delay anymore you guys do nothing but delay if you look at us in respect to our competitors our industry as a whole other big companies like Microsoft and for example with Windows Vista or Boeing with the 787 these things happen they are commercial realities when you are working on new protocols new science new end and you're trying to innovate the problem is you the consumers see it at the end of the tunnel you saw it at the beginning of the tunnel and looking at the vaccines for coronavirus that's the greatest example of seeing it at the beginning of the tunnel everybody's going to see it for example what if these clinical trials with these vaccines or failures there's a high probability of that many vaccines fail look at the malaria vaccines HIV vaccines for example we'd be back to the drawing board and what does it mean means we don't actually get a corona virus vaccine in 2021 we get in 2022 maybe 2023 it takes on average three to four years so can we live in a global shutdown for that long imagine how much pressure are on those people but that is the same reality that we live in today with card on oh you guys are seeing the science real time with the engineering the good news is the science is done the protocols are designed they then D wrist we know they work five years of brilliant incredibly hard intensive thought has been rewarded with a template for a decentralized society there there and then we had to learn how to write amazing software and bring a great team together in over 20 countries a hundred plus engineers have touched this code in this project throughout the years different systems the GUI system Daedalus is a super complicated piece of software built on top of electron the wallet backend written in Haskell is a very complicated piece of software I think that team is eight people the nodes Jormungandr and the haskell node very complicated completely new network stack in both cases polar cast in one and 106 pages of Haskell goodness based upon Reena and again these things took years to realize and to actually bring to market then they had to be tested on billions of potential configurations Windows Mac Linux all these different versions all these different hardware configurations all this different network software and if it doesn't work for any one of these people the first thing they do is go to Twitter or reddit tell us how it doesn't work for them and assume it doesn't work for everybody so we had to build processes just like Microsoft Google or anybody else who'd build software for the whole world to actually figure out how to fix those problems we had to build a help desk and we tirelessly sat down and processed tens of thousands of helpdesk tickets throughout the years one after another and tried to find ways to resolve problems for the vast majority of you and many of you we have we don't get any credit for that for our critics so when you say delays when you say commitments when you say we're not in this game we're just gonna walk away go [ __ ] yourself we're here we're gonna win this and we're gonna ship and I'm tired I'm very tired of the constant criticism of this every single week we release things we have been transparent we make videos we make commits you can clearly see the work being done you can clearly see us building things you can clearly see releases happening and here's a newsflash for you when Shelly ships and gokhan ships you're not going to see an immediate 50x on the price of eight we are in a global depression the whole world is collapsing in on itself the Federal Reserve just announced that it's going to print infinite money there is no salvation here with what I can do I can literally cure cancer and the price of Aida is not going to massively go up so that is your primary concern you need to leave crypto we are here to build the foundations of a decentralized society we are not here to make day traders rich we are not here to influence the price of the markets in the short term we're here to build infrastructure that is as useful today as it is five years as it is ten years for the social services we need from whether the Senate wants to use it to vote how you register your property to handling payments on a scale of billions of people to redefining how transactions work to the automation of regulation these are the things that we care about every day in the infrastructure we are building is here to do that if you want to be part of that revolution that's what ADA is all about it is not here to make people rich I've said this over and over and over and over and over again and then people criticize us that it didn't make you rich no cryptocurrency can't it is a hedge against a failing social system that we are now clearly because of kovat seeing for its truth so things are coming guys and they will be released and they will be released with principles and character and we will be systematic as we've always been and stoic as we've always been and our engineers will keep pushing hard always believe that and I'm going to tell you right now that what we are releasing is new it's never been done before we never forked anyone's code we never took any ideas from anyone else we started from the ground up and we built up and you will see a thousand Forks of card on oh just like you see a thousand Forks of Bitcoin in ten years because of these ideas the extended utx old model alone could bring smart contracts in a responsible way to Bitcoin and probably will in the advancements we've made in consensus allow us now to run a global scale system off of ten kilowatts of power these are amazing advancements as a result of our scientific research and we know they work we've tested them we validated them it's just bringing them to market is a difficult proposition because not only do they have to be brought they have to be maintained and they have to be run by people who are not us if we are to achieve decentralisation and we're almost there this is the year where it all comes together I'm sorry it took so long you guys started just like all of us at the beginning of the tunnel instead of the end you got to see the product and its infancy instead of a mature State you're not used to that as consumers have some bloody patience and please understand that there are good people who work every single day to solve these things and build these things and we've been as open transparent and and honest as we can be about everything there's nothing to hide here there's no closed doors code there's no well you know there's an emergency thing that we can pull out it's all there and if you're confident up to read the code you'd see it but there's a competency gap there's an expectation management gap here and people get scared and they listen to Phut hold the faith and we'll get this done you know we will get this done and what makes me so proud and so happy is there are many who have there is nothing in life more satisfying than seeing the young and the old alike unified on a common cause and actually running our software and being parts of our community and evangelizing explaining when we fail to explain a paper that came out we see people in our community explain that from Chronos to Hydra when we don't show how to configure something somebody in our community writes a tutorial or a guide these are the foundations of a strong community these are the foundations you require for community to grow and become something of the scale and size of Bitcoin and eventually of the scale and size of tcp/ip we have these things here we have great leadership we have great people who are resilient and dogged and they aren't motivated by the whims and wills of daily markets and they're not motivated by FUD here or this hype here they believe in what we're trying to accomplish and these people will become before the end of the year leaders in our community in some cases given a democratic mandate in some cases given funding from the blockchain itself and these people are the ones who are going to write the wave of smart contracts that make Cardinal the top defy platform these are the people that are going to run the thousands of stake pools inevitably which will make Cardinal the most decentralized financial operating system ever conceived these are the people who will write the next wave of software in addition to a mergo in i/o HK and the other core entities that bootstrap the ecosystem those are the things you should care about the social progress of the system software changes protocols change releases happen all the time the minute that we released the byron reboot that it's when shelly then the minute we really Shelly them and when Gogan what happens after Voltaire it'll be when's card out on 2.0 what matters most is who's going to get it done and who's going to execute and what we have been able to accomplish in these five years is we have built a global movement of people unified by their belief that the scientific method is the best method for us to create new protocols unified by their belief that you need evidence for the claims that you make and unified by their belief that the software that we write with principles can actually change the world and want to change the world in some cases their local community in some cases the global community and when these things turn on they actually have a platform for the first time ever that has a shot at doing it so I respect that people have criticism there's many mistakes that have been made there's different architectures we could have chosen different developers we could have brought in at different stages of the product different ordering of products that we could have done and these are things that you learn from and you move on but all things together for five years we've been here we've kept together we've managed to continue executing we were funded at a significantly lower level more than two orders of magnitude lower than us for example and yet despite that we continued chipping away and we have honored the commitments we've made and from the scientific side and this year will honor the engineering commitments we've made but we cannot without your help the community honor the social commitments meaning that it becomes a fully decentralized vibrant ecosystem with millions of people building interesting things but every time we flip the switch and open it up for the community to come in and do something they've done it we saw this with the incentivize test that we will soon see this with Shelley we will soon see this with the Gogan test net we will soon see this with the Voltaire test nets and so forth and whether you're here to view ADA as a development platform you're here to govern with ADA or you're here to operate the platform there are things to do for everybody there so hang loot hang tight just be patient things are coming I apart at the end of the month we'll make an announcement biron reboot is imminent and Shelley's not too far off and you've already seen the evidence of that calm down and realize that we've already achieved great things as a project and realize that our best days are ahead of us and that things will continue to grow in an iterate and also just look at the amazing good progress that comes out every week you get an ITN video every week you get to see releases here blog post here videos here community members doing things every month you're now getting product management updates you're starting to see the systemization come together you're starting to see the papers come over out with a regular cadence all those things are are just major factors in the fact that we are in a relentless march towards getting where we need to go so thank you for listening again hang in there and we will get this done one way or another don't lose faith and don't allow FUD to mess with your mind don't allow these crazy people on the internet to screw you over all they care about is destroying one product so that their product can look good all they care about is manipulation of the market or maybe in some cases is just ego or they made a commitment told their friends that this projects not real so they're dug in into that particular position I don't know their motives but all I can do is speculate like you can that said trust the evidence and evidence is clear we've told everybody what we were going to do build a project based on science we did everything in our power to attempt to accelerate that as much as possible we didn't always make the right decisions but when we recognized that these were back bad decisions what did we do we pivoted and changed things we added new things we added new teams we tried experiments we try to get things out but we are locked down to a certain design decisions and certain software decisions that we made and we just have to wait for those decisions to materialize once pyro reboots out that's the last monolithic release and after that everything is iterative thereafter and at least we get a two-week cadence that at least we get to see things at a very rapid pace get done so you know these things are coming just hang in there and keep the faith so thank you so much for listening and talk to you guys soon
