hi this is Charles Hoskinson Brett live from warm sunny Colorado today is November 7th 2019 we're starting to move our way into the holidays everybody's having some fun I'm having some fun hope you guys are having some fun make sure my microphone is right and we say microphone it is budget tech Brit now the the road there we go okay hope everybody can hear me hope everybody can see me okay real briefly testing testing okay good all right new microphone let's hope the audio quality is a little bit better for you guys we'll find out anyway I just wanted to give a brief update about where are we at with Shelley where we have a surprise test that we have some a little bit more clarity on velocity so we said tentatively around the 12 we're going to be the snapshot after a lot of discussions it looks like we can do the snapshot on the 12th and then there's going to be about a 48 hour burning while we spool up the new incentivize test that so the installers for Daedalus are probably going to be available around November 14th so next week we're gonna launch a bunch of videos and other content the videos will show you how to use the New Testament Daedalus I'll show you basically how to do redemption so basically entering your keywords and rotating credentials to the new Shelly addresses and all the other things that are relevant for participation in terms of verification paths they're kind of like four different routes in the utx style well technically five but there are four that are relevant to us some of others first legacy Daedalus addresses the paper wallets euro addresses and hardware address hardware associated dresses like the treasurer alleged guys okay and they all differ by keywords ranging from 12 to 24 what we will be launching on our side come the 14th is going to be the ability to take keywords from either a paper wallet or from a regular everyday debtless address those 12 keywords there so or enter into Daedalus and you should be able to restore that and verify that you have access to your keywords okay the Euro guys are working real hard to trying to build some form of verification system where in the Europe or some sort of tested app they'll make some announcement about this you'll be able to take keywords associated with your your wallet alleged your treasure and enter those in and it'll verify that you have access to that and it's in the UT Excel so that should give us total coverage of those four the fifth one of of course our address is controlled by funds on exchanges and it's the exchanges decision whether they participate or not we are in conversations with them and of course it's up to the exchanges to make announcements about what they're going to do with the incentivize test tech come launching later so just real briefly to recap the twelfth we're going to probably do the snapshot and we'll make a formal official super-duper announcement about that likely on monday but it's looking pretty good the data is pretty good QA is looking solid we have one more release on Jormungandr that we're trying to get out this week that's 0.7 RC 5.7 RC 4 is looking very promising and it's already integrated with law pack em and come the 14th we should have installers ready to go which will contain the new version of Daedalus to do all the back end and Jormungandr 0.7 RC 5 and of course we'll be able to then use that to see who's participating we're going to track some metrics if you look at the Genesis block we can track three metrics from that one we can track the total amount of transactions that have occurred from Genesis block two and you address each time that occurs that's a many to one address transaction that's an indication of a unique restoration event so basically somebody's restored their wallet the second we can track us the total percentage of things in the et Excel that have been rotated over from live addresses in the UT Excel and the third thing we can track is the total amount of a dough that's been rotated so these are three things that were super super excited to take a look at basically get a sense of whether they work or not and it's gonna be a lot of fun to you know basically see what those numbers come out to be now as I said we're going to run this instead of eyes test that snapshot this is kind of trial run for probably about a week two weeks some of that timeframe and this will give us a lot of data and then we'll kind of get a sense of who's having issues we suspect we're going to get a tsunami wave if we launch on the 14th on the 15th of people say I forgot my key words what do I do or I enter them they're not working the Zendesk is going to be pretty busy that day and you know this is why we're doing is kind of wake people up and say hey need control of your money need to make sure you actually wrote these credentials down so it's a it's a great thing for our users it's gonna be a lot of fun to actually deploy this this is the first time we've ever deployed the new Daedalus with the new wallet back end with Jormungandr together so that's going to be really cool to actually bring out and have our friends play around with and there's now over 3000 people now the task force Channel so it's going to be cool to get some data from them as well about their experiences with it then after we run it for a little while then we'll go ahead and do the four wheels snapshot and basically the experience will be the same we'll just release a new version a new installer on our website you download that it'll install over the old one and then basically just repeat the process you take the keywords that you should have or you your new credentials that you rotate it because you lost your old keywords and you just go ahead and enter it into the law and then boom you're ready to go and the difference here is it's for realz meaning you can actually delegate that state that a tattoo to state pools register your own stake pools will have an explorer really nice beautiful updated block Explorer ready for the 14th will have an improved version of that Explorer ready for the 26th you guys are really gonna like this we're also likely going to have on the 26 a dashboard for state pools available we have the business technical requirements we're right now writing kind of a nice GUI for that and we're going to try to improve the documentation to try to make it as easy as possible for people to do turnkey deployments of state pools as well so there are also other questions like what's the percentage return on staking blah blah blah we'll make that announcement for of course we do the the for real snapshot so that'll be sometime this month likely a little bit towards the middle of the month once we merge in the final incentives code so things are moving along quite well pretty happy about our development velocity and progress and pretty happy about the code moving beyond that launch then there's going to be a bit of a scale up on the rest team and then they're going to start a product ization surge where they say there's a kind of a delta between what's launching towards the end of this month and what we'd like to bring to main that we need to kind of bridge that Delta so we have a specific group of people that are providing a product backlog for that and detailed functional non-functional requirements for that backlog and we're working our way through that second we are also going through an external security on it we're working with a vendor called route 9b they're quite good and they're doing an exhaustive out of I think 14 repositories in our github so they're going to provide that on it and hopefully we should have that audit available for public release sometime in January to February but they're covering everything from Dedalus to the back end to the cryptographic assets to the term engendered node and so forth so it's very nice to see them working diligently and hard and they're good partner for us to work with and as soon as we we have that available we'll send it your way so things are moving along we're real excited about the speed and progress and we're just really happy to be in this kind of groove in this flow and the software quality is pretty nice you know it's a little rough there when we launched the network test that because there was a lot of things to configure holder cast is a pretty heavy protocol so the performance profile that clean it up has been a little difficult but we've been a big progress we also had a lot of space leaks we had to clean up which is exactly what you expect to happen when you launch new software to market but the fact that we've been able to bridge most of that less than a month and we've done probably I think a dozen releases is pretty cool so we're definitely agile now and got a groove going so that's the quick announcement 12th and 14th 12th for the snapshot 14th for being a participate please please please have your keywords available by the 12th so you don't remember them or you can't find it rotate credentials so how you do that is you create a new wallet and you should make sure you have those key words and you restore that wallet and then you send a transaction from your old wallet to the new wallet and then you know that that's there and trying to make sure you verify that you can restore that wallet before you do something so like send a test transaction to it delete it then restore it and you should have a balance there so once you have those keywords in play you can verify that those key words are going to work for you we'll be tracking on our end how many people actually do that verification will probably publish a post-mortem blog post on that and then after that's burnt in for a little bit we have a little bit of time to go through QC because there's always going to be something to improve or clean up then the four reels network comes out and it's going to be stable and it's gonna be a good experience and we hope you guys really like it and we have a lot of great features that are coming down the pipe and then we'll no longer have that conversation of when Shelly the conversation will be when Gogan and I get to have a lot more fun because Dogen is kind of like building the Xbox in addition to building the Xbox you have to have launch partners you build cool games for it so similarly when you have a smart contract platform you kind of you know what smart contracts can float on your system so we're having great commercial conversations with some channel partners regarding verticals from supply chain to authentication and so forth and our we're real excited when we get closer to Goldman to be able to make an announcement of some launch partners that will be launching in tandem with the government release and they're kind of building right now silently so that's going to be a lot of fun as we get closer to that so thank you guys all for listening and as I said it is a quick AMA I won't be on too long however I will answer one or two questions because it's technically an AMA so let's see what you guys have given me and yes the light point summit was quite a bit of fun I really did enjoy it which ship size in my good sir 16 and 1/2 34 35 it just depends on the cut this is a Kirkland shirt from Costco I'm not very opulent when Queen base well see rolling stones are the Beatles come on the Rolling Stones give me some shelter mad love from south Johannesburg wonderful place love the townships out there it's just so much fun to hang out 14th is your court date best of luck your ROI mobile that's an interesting question I don't suspect your mobile will be available immediately for the launch of things that ice test that however there is an intention at some point to make that happen it's just a it's just a you know a teen consideration there avoid cardinal gold yeah nothing anytime somebody has to put gold next to the name of cryptocurrency avoid it okay I see what else we have why are not all the omni's Reebok they're not Reebok that's New Balance on the card on blockchain so there was a actually a reddit post about this so they did multiple production runs and the early runs didn't actually have the authentication product connected to it the ones that were launched in Los Angeles and some of the top lines do so it's really interesting you'll be able to see on stock X the price difference between the top tier and the the authenticated and unauthenticated version of it it seems there's a concern of preference for the blockchain side oftentimes with pilots you don't get complete product coverage what you do is you get a cohort so they say we're going to do 5,000 for the regular product and we have a 500 of them will do this variation and then we'll see if there's a delta between sales volume an aftermarket pricing and so forth and if those are positive then the vendor will roll it out across the entire product line because well they make more money that way so not all the omni's carry the true taint card but I do believe the ones being purchased today will it just depends on whether you buy an aftermarket or not like for example if you buy one of the older shoes that were pre released they won't have that card and that's very typical for these rollout solutions we'll sha-3 interoperate with kirtanam I don't even know what that means fpou is successful sure in 2021 were you involved in creating Bitcoin no didn't ask a lot of us never shipped [Laughter] it's a joke it's a joke people are so serious see here we'll a little staking never be as easy as sending it to your Dedalus wallet yes yeah Center in Daedalus which you will be able to use come to the 14th assuming there are registered pools on this test set and you find them in a catalog you click the one you like you CLIC stic and a couple of clicks later you're done there's even going to be a video explaining how to do that so absolutely it's gonna be easy that is definitely a requirement we'd like to also make it easier to write a full as well and actually some members of the community are building dedicated hardware you can purchase that come pre-configured for state pools how do you feel about Tazo stake launching on claim base great for them good for them it actually it's great for us too sticking as a service is a real deal and we're gonna see a lot of that in the future I'm sure they paid a lot of money for that how do you plan on preventing frauds and scams so you know that's a good question and something I think we as founders in the in the cryptocurrency space have a moral obligation to think carefully about it's not gonna have to just launch something and say buyer beware and good luck have fun you know I have no responsibility I have a moral obligation where and when possible to create a culture within my community that inoculates people from scams and you do that through three layer process one you start from first principles thinking and you say okay everything that science-based needs to have some sort of third party in vetting behind it so we say here's this protocol you should have a skepticism of claims until those claims are independently verified by third parties who have no financial incentive one way or the other and who are qualified to actually have an opinion in the matter okay so there's this concept of try before you buy third party vetting oversight and so forth so any good project should have that that's why we like Algren so much and others because they have an abundance as we do for it more than 40 50 papers 53 I think at the moment and more coming so that's kind of step one step two any strong community leadership so this is where I we have a kernel effect and the ambassador programs and so forth because they're kind of professionally annotators if something's happening in our ecosystem that group of people will be the commentary on it and at least you can kind of see what's going on and hear both sides get a sense of who's doing what where and three if you develop a skepticism of urgency there are very few times in life where investments are so critical that you absolutely have to make them now or some opportunity has to be tomorrow or Never the reality is that well some of those may actually pan out more often than not that time urgency is is manufactured to hurt you as a person rather than help you as a person so even if you miss a few opportunities if you develop an appetite for systemic thinking more often than not you win that lose and you don't get caught up in these these risky scams so I think the moral obligation is to create a culture within a that tends to think this way verify claims you know make sure there's third parties that come in say hey these things are good make sure you have strong leaders within that community that are diverse and they're empowered and able to share their opinions about things and talk about things so at least you have some new sources to listen to that are credible and then you know finally take it slow and systematically as opposed to just shotgun jump in as quickly as possible have people done that in 2017 we would have never had ICO mania the vast majority of these project products would have got no funding at all yeah 53 is a lot of papers and they might be good conferences to not tear three conferences I mean crypto and CCS and your okra these are the things you submit papers to to get tenure at universities so that's simple that's how computer science works especially in cryptography big deal journal publications by far are not what make you in the computer science world it's conference submissions and there is a hierarchy and when they have a 10 to 15 percent acceptance rate amongst domain specialists then you're doing something right if you consistently get into these conferences if you've registered a stake and pull a month ago you're gonna have to regenerate the UT EXO will be copied but not the stake data and that is not a spider on the wall that is a scorpion I'm a Scorpio I was born November 5th the project be completed in 2020 our side of it yes oh oh you got our first roll no Michelli minute 2019 ha ha ha what a joke you're a joke yeah you know people people are special you can say I gave you a they'll say why not be one of the presidency who cares you know it doesn't matter no matter what you accomplish your do there's always some that says you could have been more and then you always ask well what have you done with your life where is your company my life is very good I got horses five cars life is good for me not for you see if there's anything else here did you do what search history short size or you could serve made you a custom run and honey man rotten t-shirt um for if it's a t-shirt large large should do if it's American size card Auto UVM compatibility you know we're thinking about that it's not that hard to do can card on I'll be forked yes that's the point well you sent italic a card on a shirt when Gogan is released absolutely well we've completed our whole roadmap I'm gonna set up a shirt with a hash on it and if you can ever find the preimage ethnic they'll be happy what do I think of the Voynich manuscript I think the real ones in Yale so beautiful document it's something that I think eventually we'll be able to decode it's already got one what about he was up has aetherium released he wasn't yeah where is that duh where's that etherium webassembly huh we're not on it for a long time you know we did get some office plants and they were they're kind of messy so when they let her out I said just get some rubber plants or something they're kind of easy to take care of I like cactuses cacti are awesome sub crypto Mike yes what books do you recommend life 3.0 is the current one I'm reading it's quite nice also taking a course right now from the Santa Fe Institute always love it clairee CEO says Karnad o is scam and will not be listed on coinbase I'm glad that's breaking news from you next time I talk to him I'll mention your name we'll have dinner together and figure out why he thinks that you people are funny dad delivers you talk Charles or delivering something next week what exactly has been delivered for billion dollar I see oh that's below the sale price that kind of works what what have they really changed whatever they really built and we're steamed at the worst pictures yet huh where's the theory in that where's card on oh man always more my track record is a bit better when you actually look at the raw numbers why does Europe not have one top 20 tech company well because America's awesome okay what else we got going on here take a few more ratings from South America so from South Africa so we have another one there Cape Town and Johannesburg what do you think about the stellar burn you know I love these token burns this is great so if you have a cryptocurrency that's amenable to a token burn there's probably a problem there because it's the only one that works is if you have some custodial entity that has an enormous amount of the supply and then they say we're going to destroy some of the supplies that manipulate the market to push the price up the case of card on the supplies mostly distributed and so the remaining supply is like Treasury for the people who are actually doing things it's probably better for us to divest that spent those project funds on things that benefit the ecosystem rather than just destroying the money to benefit a speculator in the short term we will then sell the cryptocurrency to get a profit not doing anything in the ecosystem so coin burns are always a negative thing from the perspective of helping an ecosystem grow even if I mean if you want to have all those funds as treasury just uses that and just have a 10 20 30 year plan and gradually divest it to build up your ecosystem if you're really serious about these being global scale systems there's no notion of too much supply I mean if there were seven billion people using Bitcoin how much you personally own there so now I think they're just crazy there's a short-term market manipulation and it's just a gimmick that certain people have mastered t-bone or filet t-bone dry-aged well if I'm such a joke how can I go ahead but you have a timeout oh I can't you're my ma son but can be done if el gran is stealing using Carano code you can never steal our code because it's open source so you're free to use it but there's only one Charles Hoskinson got only one IOH hail Hydra good Hydra news coming we like Hydra can you suggest anything to improve negotiation skills there is a Yale course on negotiation on Coursera which is quite good and it's concise and it's a good introductory course highly recommend it that's another one to go ahead and put into a timeout look at that stagers you're paid from the emission of your tokens it's called inflation come on guys give me one or two good questions looking for it yeah same old crap huh shipping software sample crap - you're watching me I'm not watching you okay well anyway so nothing good here just kind of noise so I'll just I'll cut it and let me just recap so the announcement it was that weird snapshot on the 12th looks like the installers will be shipped on the 14th Windows Mac Linux Windows 95 percent the other 200 percent but we're very confident we'll get all three of those out I you'll be able to restore both paper wallets and you'll be able to restore your legacy gentle is wallet your ROI right around the same time we'll have a verification option where you can enter your keywords in there to verify that they're actually in the UTX zone you would have access to them etc etc so then we'll run that for a bit we expect to give a lot of support tickets and configuration issues and blah blah blah because that's always what happens with this product and then after working our way through that likely two weeks later we'll go ahead and launch the for reals any set of eyes test net and at that point happy staking and it's gonna be really fun track everything see the amount of decentralisation we've achieved and see the evolution growth of that network so a lot of assets are coming videos are coming blog posts are coming obviously more AMAs there'll be probably a few card ah no effect episodes that come down the pipe that are dedicated just to this very topic so this is going to be a very vocal month and it's a major month for us because certain software like for example did surprise test net which is frankly the shellye version of Daedalus and the new wallet back-end or a now shipping that's the first time that's actually been touched by people outside our organization and partner organizations and German ganders growth has just been phenomenal so we're real proud of it and so it's a good month and so thank you guys so much for participating in it until next time I will see you see you later Cheers
