hi this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado so i am back from a trip to dubai poland and uh switzerland and then i was also in wyoming and had dinner with governor last night on uh matter connected to the woolly mammoths so that was fun and i haven't had time to do an ama and haven't had time to to really connect with all you guys and so i figured i'd make a roll-up video of a variety of different things that we're working on and just take care of backlog of some questions that have come up uh here and there about releases and other such things so first off the trip throughout the middle east the trip to ukraine excuse me the poland ukraine border and then uh switzerland uh two of the three were related to cardinal business so in switzerland we met with the cardinal foundation and we're deep in the weeds about governance and a litany of other topics uh uh at a later date we'll jointly make an announcement about open source stuff and so forth uh so that's uh chipping away uh we're also having big discussions about consensus which is in austin texas june 9th to 12th it's one of the biggest events in our industry tons of people show up we're renting a large pavilion there and we're going to go along with many of the other members of the cardano ecosystem and hopefully be able to showcase that cardano is open for business as many of you know a major major major hardwood combinator event is happening uh in june which is the fossil hard fork and that is going to contain pipelining which will be a massive performance improvement to cardano alongside the first wave of significant plutus enhancements since pollute is shipped in september as with all development ecosystems and languages you need a little bit of time for developers to play around with it build things and they tell you what they don't like so we've gotten a huge amount of feedback from both the plutus pioneers program people building things like cody for example with jed uh and uh a lot of people the cardano defy alliance about things they liked and didn't like about plutus and then what we've been able to do is implement a litany of sips sip 31 32 33 and 40. a video is coming out talking about these pluto specific upgrades uh john woods uh the elite technical architect of cardano made the video we kind of went into detail about all kinds of cool stuff that's coming so this and pipelining are just a huge upgrade and we think it's going to massively improve the defy experience for people building things so we're going to showcase a lot of that at consensus and i think people are going to be very happy with that from a lot of different dimensions now the cardano defy ecosystem is growing pretty rapidly last time i checked it was in the hundreds and now we're almost over a thousand projects that are building and the problem i have is that i don't actually get regularly briefed on all of these things we're working so that i i have better visibility and one of the things i've been trying to do is create some sort of mechanism where if you're building an interesting and cool project on cardano that i can or somebody like me can interview you and then we can broadcast that through the i o channels we care a lot about ecosystem development and what we do as an organization is occasionally stand things up when there's a deficiency in the ecosystem for example we said hey it would be really good to make sure that there's some dedicated vc vehicle that is investing in people building stuff on cardano and so i and others came together we created something called the c fund and now the c fund we are limited partners and the general partners are under an organization called wave financial uh go and invest in a lot of different ventures uh usually ones that we've have a lot of knowledge about we've worked with for example wing riders was one because we've worked with that team for almost four years now from the ledger integration to other things the problem is that if we talk about the things that we're familiar with we probably have an interest in those things and there's now a huge ecosystem in lots of people so i've been thinking a lot about how do you stay somewhat objective fair and impartial in this process and give people a platform to showcase what they're doing so consensus is an example we're there and we're trying to get a lot of people there to come and set up booths and talk and we're going to obviously host a cardano specific event at consensus but if you guys have some ideas about ways content can be done we can certainly push that through the challenge is that vetting organizations people processes procedures is very hard uh sunday swap is a phenomenal example of that you know we met the team and we collaborated back and forth and then you know things happen and now there's this dispute between card starter and sunday swap you know we had a very tangential involvement there it was in our interest to have core developers building things on cardano because we're sitting from the perspective of well plutus needs to evolve the dev experience of cardano needs to evolve okay so we need to regularly have channels of communication with stable coins and oracles and dexes and these other things and they need to come to us and say it's not working for us and here's why and here are features and functionality that we require so it creates a close relationship and lots of back and forth communication and then you say okay well let's build up that ecosystem and then things happen some great and some not so great and then we're just left with egg on our face when the not so great stuff happens as if we were sitting in the boardroom making decisions and so it's the next phase of the cardinal project where things get complicated it's very easy for everyone to be friends and have great relationships when there's no money on the table everything is unified there's a common set of goals but when competition comes into play and you have 10 dexes fighting each other or 10 stable coins fighting each other that competition suddenly creates a lot of animosity and friction for example we as an organization through c-fund have a position in cody and a position in wing riders both of them are competing on the stable coin market wing riders i believe is using milk comeda and they they have i think some stable coins they're bringing in they announced that today so i tweeted it because it's pretty exciting but cody is doing jet so they're different types of coins uh one is a wrapped asset the other is algorithmic but they serve the same purpose and so within our own portfolio there's things there and those are just two examples there's dozens and dozens that are going to come so this is tricky and it's challenging and it's it's something that every ecosystem kind of grows into and it's why actually governance is so incredibly important and it's the thing we've been talking about the most right now with the foundation other actors of how do you stand up things that are clearly objective and and how do you actually build things the right way wallets are another example of that so for example there's all these community wallets or third-party wallets that are starting to support cardano and so this question comes out of what is an official wallet for cardone air quotes official so the core entities that bootstrap the ecosystem like emergo has uroi and we created daedalus uh now there's nami and cc and there's ada light and all these things floating around there's probably more than a dozen wallets and the foundation sits in the middle of all that and they have to kind of somehow figure out do we endorse do we not endorse how do these pieces fit together so one of the things i recommended is saying well have self-certification create a checklist and say if you can do all these things and demonstrate a certain level of quality whoever does that then that becomes a certified wallet and then it gets equal standing in the marketing for wallets that people can use recommended wallets seems pretty reasonable but it's enormous work product in principle uh in practice to do and uh just smart contract certification is an enormous work product uh there's a bunch of our devs and third-party organizations coming together in barcelona spain may 17th and 18th to sit down and discuss the certification levels for smart contracts level one level two level three this same working group could certainly have a deep and detailed conversation about accreditation certification of cardinal wallets but then there's other infrastructure as well like the interfaces to list cardona like the cardinal rosetta and so forth so this is kind of the the terrible teens the growing pains the uncomfortable part of where cardano is at and every ecosystem goes through this and has to deal with this whether it be ethereum or bitcoin which are a little older or the third gens which are comparable in age does they have to kind of move beyond that founding set now move into a much more diverse and at times contradictory and conflicting ecosystem as a founder what i do try to do is is try to provide generic general solutions that don't solve a surface problem but actually resolve the root cause so i i look a lot for you know if we're going to market the ecosystem how do you create a recurring standard where everybody's free to play there i look a lot of what is required to bootstrap an ecosystem and how do you provide help and in some cases not provide help because it's too much help so it's uh it's an interesting question that we're going to be working our way through and it's going to become more poignant because things are moving so quickly if you listen to crypto media if you listen to the critics of cardone they seem to believe that cardano doesn't exist it's all just some elaborate super scam and and nothing has been built and accomplished if you're in the ecosystem you're aware that not only is that false it's blatantly false because there's so much going on over four million assets have been issued there's tons of daps under construction new capabilities are turning on sometimes weekly with cardano and every time that happens you gain something but you also introduce a new attack surface or complication to the protocol they're starting to be very significant contributions in the sip process i think sip 50 is an example of that and others that are having deep and detailed conversations about the privatization of the system d-reps are turning on where we have delegated representatives and so forth uh and so uh you know these things happen in addition there have been already community members working with each other to try to resolve problems for example menswha very young team and they seem to be moving very quickly and they've done some interesting things but there were some flaws in their code now they tried as an organization to do things the right way they had a third party auditor in this case it was tweeg and tweek went through and found a lot of problems they fixed those problems but it turns out that there was things that were missed now those things that were missed were not discovered by some nefarious hacker but was actually discovered by another cardano project who did the right thing and worked with the team even though they were competitors to help them get where they needed to go so that's a beautiful thing as a community an ecosystem that people are working together even when they're competitors for the greater good of cardano and that's a an attitude that ought to be preserved and maintained and there's a lot of great innovation from tokenomics innovation to launch innovation and each of these projects ought to be studied in their own right because they're doing things very differently and it's really exciting my problem as a ceo of io is that i have finite time and i really would love the luxury of being able to sit down and look at each and every project that's launching a cardano and see what they're doing and how they're doing it but if i do that i don't have time to give you guys pipelining and input endorsers and all the pluto's enhancements uh the governance layers that need to come the side chains ecosystem that needs to come we are working on insanely aggressive timelines again if you're outside of the cardano space and you listen to the crypto media they seem to think like one guy is like maybe copy-pasting code from some oracle but the reality is there's hundreds of engineers working full-time across more than a dozen organizations some cases on the weekends and they're standing up multiple shifts and everywhere we have a deficit we're bringing more people in sometimes an enormous expense so that we can maintain the vossel hard fork timeline and the october hard fork timeline because there's features and functionality that are absolutely required for commercial comparability so this is our primary focus io the foundation has a different focus and they're working equally hard emergo has a different focus and the other company's ecosystem have a different focus as do you the depth developers in the ecosystem and everybody's trying very hard to just get an enormous amount done as quickly as they can the problem is when you're moving that quickly things do fall through and one of those is being able to devote time and space to give people equal attention so it's just something i figured i'd i'd mention and put out there because it we're now in that friction era and if people don't get the love kindness focus that they think they deserve that they go to twitter and complain or read it and complain and uh so forth uh and that's fair i understand you know you're you're invested you've put time and effort i was there you know i remember being here in the early days of the bitcoin ecosystem and there were a lot of things that i wanted to see with bitcoin and i didn't think the core developers really cared at all about outside opinions and so that's why i went to the altcoin space because we could innovate there talk about stable coins and dexes and smart contracts and these things um we tried to innovate as much as we can we have nipa pals no one seems to care about that never got integrated into bitcoin uh block stream when it came out you know they claimed side chains would be here in just a little bit that was 2014 and we don't really have a great layer to ecosystem yet in bitcoin so i was frustrated i'm sure they're frustrated we never got tender love kindness and care uh and that's not an excuse but it's just a reality that people get busy and you know things happen so that's the story there now moving to the second half of the year you know we're going to keep doing the 360 we're going to keep doing the blog post a lot of work on documentation on my part i'd really like to see an aggressive push to enhance the plutus pioneers program there's certainly a lot of very interesting things that can be done there especially after the vossel hard fork because the design patterns and canonical way of building a cardinal application is going to change a lot so to us it's very important that we keep the pedagogy in sync with the innovation of the language so lars is certainly going to refresh that and we've also been having some deep and detailed conversations about learning platform partnerships we're going to go to a great learning conference here in may in london that has over ten thousand attendees and talk about building some permanent relationships with people that do moocs uh we've also have been having deep discussions about what a mastering cardona would look like and i've been sampling a lot of the different books like bitcoin scripting from jimmy's song and drastic and opolis his latest book on bitcoin lightning the mastering bitcoin and mastering ethereum we have a pretty good table of contents of topic areas we'd like to cover and now we're getting the nitty-gritty of what to explain one of the problems for us is cardano is an unstable protocol from the perspective of protocol being innovated rapidly so if we were to write the mastering cardano book as of 2020 it would not include the peer-to-peer gossip design it would not include genesis it would not include a lot of the extended et excel and plutus stuff it would not include native assets all these things because it was just a shelly era now in just a year's time you see this enormous flourishing ecosystem and a lot of stuff is happening so there's a point of well when are things stable enough that you can write about something and what you've written stays current fresh even if six months a year later i'd say that inflection point is likely going to be october where there's enough protocol stability where things are are for the most part pretty stable from big concepts like extended utxo and the kanoa plutus development experience a lot of the consensus concepts are going to not change very rapidly thereafter after genesis the omega agenda is going to take several years to work its way through because it's so vast in scope and scale and there's so many new capabilities but that's certainly enough time for a second edition of a textbook but that's coming there are also a lot of things to discuss in tooling for example linters and code quality coverage these types of things documentation and standard library standard development can and what we found is that's that's a collaborative process with the d5 alliance and others and we'll see an enormous amount of progress in the next nine months i think at getting that to a very beautiful state especially post-fossil uh in that respect so uh that's kind of a roll-up on those topics um you know uh it's just extraordinary to see how fast things are moving and how much work is being put in and the ceo technical updates channel i have on slack every week there's like tons of videos that come through of where they at everything from demos of mithril to demos of hydra to the light wallet project that we're working on that we'll be able to showcase here in a little bit to the dap store that's connected to that the d reps and voting center uh new things like the rollout of partial delegation and proxy keys and trying to bundle that with things like multisig it's extraordinary and it's just a river and it's endless and if you take a week off you just you have to spend an enormous amount of time just to catch up to stay with the uh with the river and the torrent uh and so it's um it's exciting from that respect and it's a little exhausting from that respect but what's really exciting is i've see so much organic leadership from within our community where people are stepping up and grabbing the baton and the torches so it's a very healthy community and if people invest in it i think that they'll find that it's well worth the time and effort that they put in and still remains in my view one of the friendliest and most open communities it's a bit sad that there's such a radical disconnect from the mainstream crypto media and a lot of the vcs in crypto and what cardano has accomplished but you know it's their loss uh we're here and we're getting it done and we're doing the right things and we're doing things faster than pretty much everybody else in the third generation and we have a long beautiful vision and a massive lead in protocol design so it's just a question of execution speed and if people are so caught up in the tired lies of the past about being slow to market or you know unable to deliver things or there's no ecosystem where we don't have smart contracts all they're doing is hurting themselves they're investors who follow them and ultimately their credibility as thought leaders in the ecosystem it's not our concern business is good and it's great every time we open something up transaction volume tvl all this stuff always goes up and it keeps growing we're not losing people we're gaining people at an alarmingly brisk pace i come to the second half of the year a lot of things that matter to me like real phi we also get to talk about for example bermuda i'll be going there in october and we're gonna have a lovely uh time showcasing microfinance and things that i talked about eight years ago in my ted talk are actually going to be real things now that actually are happening with real people and that's just one example of thousands of things that are being done and innovated from identity to compliance innovations to legal innovations and the kinds of quality of conversations that we have honestly cardano is leading the space in science in formal methods in how to build an ecosystem and maintain an ecosystem and also it has that bitcoin-esque mentality of being a honey badger doesn't seem to care who hates it why they hate it or what's said about it it just moves on and it just does its thing and the community has that same degree of resilience and it's starting to develop its own cohort of leaders and diversity of opinions and that's ultimately for the better so it's pretty impressive from that perspective so overall i am pretty excited about that and this is definitely our best year i'd say it's the hardest because there's so much going on concurrently and so many things that have to be done but it is the best year in terms of growth and the best year in terms of relationships and connections and connecting cardano to broader aspirations whether it be a world financial operating system uh esg goals the charity components uh you know identity economic identity in particular and getting people the ability to have agency whether they be a diaspora or they be in a conflict zone or they they just simply be in a country that doesn't have good financial infrastructure like burundi for example and just seeing the progress of the partners like for example world mobile we met up with them in dubai and we met with them at zanzibar before that just a few months later in dubai already getting their internet balloons up building their towers it's extraordinary to see what they're able to do and we're starting to talk about syndicating the technology how do we move that to burundi to get connectivity because 98 of the country is not connected how do you use this to get temporary connectivity in conflict zones so that they can report human rights abuses or other such things and these are the kinds of order two or three order four derivative thinking that you get to do now that you have these base capabilities in the ecosystem so i hope this roll up was helpful to everybody sorry it's taken me a little bit of time to circle back as i mentioned it's been pretty much a madhouse and it's going to stay that way till consensus and then hopefully i'm able to take a break for a week or two afterwards and then it's right back up on the horse right back up on the saddle uh to keep going and the mad rush to uh to october so do look for the uh things coming out uh middle part of the month we should have a beautiful video about pluto's in the mid month update uh then obviously 360s running monthly i'm going to try to do a lot more podcasting i'm staging up a podcast with tamara hassan and our president chief of staff and uh tam and i are going to talk about not just crypto but a variety of topics and interview people and so forth so that's going to be a lot of fun so that'll come in the coming months and then obviously i'm going to transfer my ama format to a more formal format with a lot more production value so i think we can get to the next level i'll keep doing special events like the event i did last week with snoop dogg uh hopefully we'll be able to get more people uh you know it's it's cool because they reach out to us and they say hey you want to do something so sure sounds like a lot of fun and it seems to bring a lot of people into the ecosystem and there's no shortage of celebrities business leaders or other people that want to do those types of things on twitter and they're uh they're easy to do you just find a time and you know once you're there you talk for 45 minutes and 100 000 people listen to it it's pretty crazy a lot of events to go to as well i'll probably go to davos that'll be interesting i'll see if i run into klaus schwab and i'll say you know i i really like to own stuff and i don't think i'd be happy if i don't maybe you should stop saying that yeah maybe we do a little citizen journalism ambush him a bit i'm just kidding um but yeah the probably go to davos i try to go every year for that and obviously there's consensus and there's a few other events this year i'll snake too and the team will go to i unfortunately missed bitcoin miami because i was coming back from europe although i heard there's 35 000 people that attended it and uh it was a pretty mad housy of an event and nfts are still popular apparently yeah all right that's all i got for you now i'll uh probably do an ama this week as well and as i said new formats are coming new podcasting is uh coming uh downstairs we're gonna build a studio for that and then i'll have my own version of jamie and you know we'll get nice woodwork and all that other stuff so it'll be a pretty nice place and i'll be able to bring guests in and talk to them and so forth uh and at some point we'll do something cool with the lobster that'll be a lot of fun uh and crypto bison is another thing that's on schedule as well and hopefully we'll be able to talk about that soon and show you guys some demos and other things so we really are firing on every cylinder whether it be payments with hydra or light wallet support with mithril and all the things there the voting tools and democracy with catalyst the side chains agenda with mamba and all the great things that are occurring uh there for ethereum interoperability um locomotive is already out dc spark is killing it they also release flint certification stuff that's occurring uh ecosystem development is being stood up and tim harrison is doing a phenomenal job there a lot of work on the open source project and that'll be disclosed at a later date a lot of big events for the community coming and by the way this is the first year that the cardano foundation is running the cardano summit big summit hopefully uh and they'll tell me at some point uh when that is and where that is and uh how to speak and what to do so we're really looking forward to that a lot of community summits as well uh you know we uh the certification summit barcelona for example but there's also discussions of dexes and all these other categories and the second half of the year post fossil we should see several flavors of jed for algorithmic stable coins and that'll i think have a dramatic impact for tvl and also the work we do with microfinance so thanks for all listening and i hope this was helpful for you guys i do like making these videos for time to time
