hi everybody this is charles hoskinson broadcasting live from warm sunny colorado i wanted to make a video about division of time i uh i've been recently making a lot of commentary on the etc ecosystem i've also reached out to other ecosystems like the bitcoin cash ecosystem the litecoin ecosystem uh for a variety of reasons and i i noticed that there are some people in the comments and then telegram and twitter and other places say oh no focus 100 of your effort on cardano why are you talking to etc why are you doing this and doing that so first off i run a big company i we have over 250 people about half of those people wake up every day and they're involved in cardano the other half are not so as the ceo of a company where you have that kind of division there's non-cardano things i do now cardano's our largest project we're heavily involved in it and obviously we wake up every day and we want cardano to be successful and have billions of users and this is why we are following the process we're following we're building the technology we're building it's why we work very hard trying to commercialize it every deal we do in africa every deal we do in eastern europe every deal we do in asia we have a cardano first policy of deploying those deals on that platform and we built that platform to service those deals and as that platform evolves you'll see more use and utility from our sales channels in that respect uh that said one of the pillars of a third generation cryptocurrency is interoperability it's kind of a silly thing to be a maximalist but then also talk about interoperability what the hell is the point that either you want one chain to rule them all and therefore you don't care at all about talking to other systems or you put your money where your mouth is and you work on those other systems you build expertise in those systems you affect changes in those systems so that those systems can partner with our systems and work with our systems you know the ceo samsung he has a division that every day gets up and works with apple and they work on the motherboards of the iphone and build memory for them do all kinds of cool things and samsung's that division knows what the iphone is going to look like before any of us knows that at the same time there's another division at samsung that wakes up every day and it works on phones like this the galaxy to compete with the iphone great companies have the capacity to do these things and we are a great company in that respect we have different and dedicated teams for different products and projects now we will never work on overlapping systems it's not the case that we're going to have developers go and work on cardano and something that's a direct competitor of cardano because it makes no competitive sense for that to happen and i do not view etc as a competitor of cardano it's a proof-of-work system not a proof-of-stake system it's a code is law system not a world financial operating system play it's a system that will always have a smaller group of people in it and always have a smaller set of things to do so time spent there with a completely separate team has no bearing or impact on our ability to deliver things with cardano and the other thing is the ceo of this company i can't accelerate things above and beyond what the teams can do for example today i'm waiting for daedalus flight to come out there is nothing i can do i can't pick up the phone and call the engineers and say can you ship it 15 minutes faster the plan is there it's been set the release manager is there the qa team's there everybody knows what to do there's consensus amongst that team they're going off to the mountaintop get it done and when it's done they'll let me know and then i'll tweet new deadlifts is out guys go play with it and it gives me some work to do of course but until they finish their job there's nothing to do in that respect the cardano plans we have are well set we know exactly what we need to do those teams are working hard and i do everything in my power to accelerate things where and when it's safe to do so and everything in my power to get things done shelley for example uh we worked so hard to get that out july 29th we had almost unlimited overtime everyone worked the weekend some people worked over 40 days straight to get that release done meanwhile half of the company was doing other things in other capacities and working on those projects none of their work or the other cryptocurrencies we tend to work with had any bearing or impact on our ability to accelerate or decelerate the shelly work stream so i just want to make sure everybody understands that and for people who have developed a maximalist mindset to get out of that maximalist mindset there's a place for maximalism it's called bitcoin maximalism if you live there go there okay and go believe in that project in that chain but this is the cardano ecosystem it's going to literally work with hundreds if not thousands of different standards over its life from central banks to other cryptocurrencies to legacy financial operators from the chases of the world to the goldman sachs of the world provisions will be made to build special hooks for these systems including interoperability with permission systems it's very likely in the next 24 months cardano will be talking to an instance of fabric hyperledger fabric from ibm very likely that that's going to happen it's very likely we'll consult on a project that does that and no way does this diminish the road map or somehow make cardona less competitive it's actually quite the opposite the fact that we can work with those systems the fact that we can do things with those systems means that the platform as a whole is intrinsically more valuable it's easier to sell to fortune 500 companies it's easier to get use utility and adoption because people understand that they're not being led down the road of vendor lock-in and regressing back to the old days of internet explorer or what consensus is trying to do with ethereum trying to lock everybody into one standard one system rather the value proposition we offer is true interoperability the ability to move in and out furthermore when you create partnerships with other ecosystems then their success is our success for example if the treasury system proposal succeeds in etc they will be in the market for a permanent treasury system in 2021. we as a community can make the case that we've constructed with voltaire is a great choice for them and of course we'll try to make that case and if it's successful we provide mutual value and benefit more volume and transactions and activity on the cardano network and for etc they have a best-in-class treasury system that meets the values of that community the exact same argument can be made for litecoin or for bitcoin cash or for other systems and if you want to see the wrapped litecoin video that i did uh earlier in the year it gives a great road map for a potential push there furthermore what if we turn datalists into a multi-currency wallet that's already going to happen because we have a multi-asset standard and so when people issue tokens on cardano deadlifts will support those tokens sometime in the future it would be very easy for us to pull ethereum classic and litecoin and bitcoin cash and other ecosystems into the daedalus wallet what does that mean it means that people who live in that ecosystem will be using our technology as their day-to-day experience in hosting for their token and what does that mean if we have a dex built into that thing it potentially could create more adoption in use and utility for ada and this is the point we accomplish so much more working together than beating each other down i am damn tired of the cryptocurrency markets as they are the fanboys the trolls the fud the maximalism the relentless allegations that people you disagree with or hold different tokens are scammers or criminals or bad human beings it's time we as an industry set this aside and grow up just grow up or else what's the point why would anybody looking from the outside at all of this chaos and noise and insanity and maximalism want to come play in this pool it's like you're about to enter a bar and you see a bar fight do you keep going in or you turn around and walk away and say i don't want that trouble i'm going to go down the street somewhere else that's safer and so how will we ever get mainstream adoption how will we ever make the argument to governments that they should trust their elections their property perhaps even the money of their people on our systems if we're incapable of entertaining other ideas other philosophies and other ecosystems we don't deserve the right for that responsibility if we're not mature enough to have differences of opinion and be able to welcome other ecosystems into our own so this video is a call against maximalism first and foremost and second it's a realization that the duties of an executive officer are extensive and plenary meaning that there are days i wake up and there are ethereum days and by the way working in that ecosystem gives me and my company exhaustive knowledge on how ethereum works which allows me then to build a better product than they have and understand where all the bodies are buried all the flaws in the protocols the security issues the performance issues the the wonkiness about the smart contract development experience that intimacy is extremely important to be able to predict react and also plan a competitive strategy that can take you in a different and better direction you just don't live in a mono culture it's a bad deal that's the second point you have many projects when you have a larger company some of those projects are completely separate from each other some of those projects may have a bit of overlap we have a philosophy that we don't work on competing products for example we have done work with horizon and as a consequence of doing work with them we're probably not going to work on zcash at the same time as long as we have that relationship there uh we for example uh work on cardano so we're not going to go work on another proof-of-stake system that wants to be a financial operating system that would be a direct competitor for example tazos would be happy to jointly author papers and coordinate collaborate but there needs to be a cardinal benefit in that relationship whereas theorem classic as i've mentioned is a totally different system and it's something that we have as a company historically worked on for years we started our participation in 2016. we built a full client nowhere in that process did that have any impact on our ability to deliver cardano we had a completely separate engineering team that team was actually sourced from external companies scala c and atix to begin with and then we built on top of it and it had different product and project management and it was completely written with a different group so it might as well have been a different company for that matter and i just talked to the team but the cardano team was doing its own thing so i i think we need to just cut it out cut out the maximalism cut out this idea that there is only one truth we live in a nuanced world and we live in a world of interoperability we have to embrace that if we wish to be successful and let's be the adults in the room let's be the place where there isn't the bar fight and let's be the place that welcomes everybody furthermore i've noticed some criticism from my own community when people criticize us and they go to the politics of destruction or personal attacks or yield on criticizing people's intelligence or whatever have you cut that out too let's be a better community i repeatedly call upon the taizos foundation to tell its community to stop criticizing cardano and calling it a scam project so i'll call upon my own community i have seen things that shouldn't have happened uh certain members of cardano community replying to people over twitter uh replying to people who criticize us have resorted to personal attacks and so forth again just ignore them mute let's let's embrace unity let's embrace being better yes occasionally you got to kick people in the teeth especially when people are lying and what you do is you call them out on the lies that they've made you specifically point out where they have done things that are a bit crazy or disingenuous and dishonest for example we had a meeting today with ethereum classic and it was blatantly apparent to me that this process has been set up to fail and be exclusive and prevent alternative ideas from a certain power structure from being held so i made a 30-minute whiteboard video where i not only called it out but i proposed an alternative and said this is how we're going to transcend that process and get to a much more productive way of doing things some of the criticism we have that criticism is justified because of product delays or because people don't fully understand who we are and what we're trying to do and obviously there's history there so first and foremost let's reply with facts first and foremost let's reply with dignity and respect and empathy for the other person's position and you know what if they continue to push forward then you kick him in the teeth and you say it's obvious you don't want to have a conversation you're a troll but to my community please do this and please have this level of respect and dignity with others and with each other for example we right now have a lot of debates with small stake pools versus large stake pools spakra or nospakra there's plenty of people floating around with differences of opinion and our mantra should always be disagree without being disagreeable people are going to have other values people are gonna have differences of opinion and people are gonna have different perspectives you can't change that reality nor should you we all have the right to think and have differences of opinion but we also should expect a dialogue that's fair and has empathy in it and so i call upon everybody to preserve that decorum as we move forward and also understand that some days we wake up we have to do things that are cardano related in order for us tall to be successful because not all the world will ever be cardinal related we always need partners whether it be great pieces of hardware like ledger and trezor or exchanges to work with different wallets to work with and sometimes those partners do stuff with us and sometimes those partners do things with other people we have friends we have projects we admire and respect for example i've expressed repeatedly great admiration for the l grant project i think they're doing a phenomenal job and they have great leadership with sylvia mccauley i think the research and the engineering there is top notch now i personally believe cardano is better that's because we built it and that's because we think we have a better strategy to market and ultimately the market's going to decide uh which standards to go with and whether it's going to be many standards or a consolidation that's not my decision i just have to wake up every day and fight for the things i believe in that said never once have we ever criticized al grant because they are in essence the model of empathy and dignity and good communication and being very proactive at focusing on solutions when they make announcements they make announcements about new things that they're doing and new partners that they have and never once have they ever criticized another project or engaged in fanboyism that's a great community that's a great project and it's a model for where the space should go and i admire that deeply and greatly especially when you contrast it with other projects that have been less uh empathetic in in their history uh we all have our problems we all have our issues and i know that we all can be better and so that's my final point let's do that let's be better as an industry let's be a bit friendlier and let's invest the time and effort necessary to really understand and listen to each other because ultimately i think that's going to get us where we need to go and be able to get us to a point where we have that adoption of millions and billions of people and fundamentally change the fabric of society otherwise we will be victims of our own success and descend into tribalism and descend into sectarian violence and then ultimately destroy the entire industry because it will become co-opted by large companies who use a surface level marketing to take the brand take the notion of a blockchain but then install centralized authorities behind them and in which case we've lost so i don't want that to happen i want the movement to succeed i want us to understand each other and i enjoy having great competitors sometimes working with them sometimes fighting them in the battle of the markets in the markets of ideas uh and ultimately i think we as a community have a chance to also be a model for everyone else so let's do that thank you
