hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado always warm always sunny sometimes Colorado although with all the people moving from California doesn't feel that way anymore Colorado lost used to be a good place how's everybody done you guys doing good having fun yeah yeah starting to get some when Gogan comments starting to get the Gogan after rogen or rogen after Gogan all that cool stuff you know I was just thinking it'd be fun to talk to all of you guys and whatever I'm having an interesting day I finally get off from work and I have a chance to actually get home and relax there is nothing better in life than interacting with the community I am just absolutely amazed that more CEOs and project founders don't do this I mean they have these great communities so why not go and talk to him why not go and see him let's see what's going on get their comments to get their concerns we have the coolest community in all of cryptocurrency and it is so nice to be able to just come home turn on a video and say hi welcome it's warm sunny Colorado joy the masks enjoy the paintings enjoy my very flamboyant shirts that I wear from time to time although I'm exempt from normal Hawaiian shirt mania because I grew up in Hawaii sport on the island of Maui for those of you don't know okay we've let the question saturate a little bit let's go ahead and take a look and see what you guys got for me you ready I have no idea how long this is gonna go I don't know where it's gonna go that's up to you you can literally ask about anything card ah no related or otherwise I don't have to answer but you sure as hell can ask and hello to you too John Hamilton from Texas text is a beautiful place okay let's see what we got here so you got great questions like will card on I'll make me a millionaire in five years Donald do you honestly expect me to give you an actual answer to that at any price related so let's start this right now have you as a price related question I will mock you no it's like today we're dead a little bit down to the markets apparently and then peelers oh no it's going back to four cents oh god what's gonna happen it's like is this all you guys care about come on let it go I don't answer price related questions I don't make price related speculations not my job my jobs to build the best ecosystem best crypto currency in the world bar none and to make it useful and used and you can connect the dots of whether that's something valuable to society or not but it's not my job make you rich never has been never will be and if you think that's the case and you need to go buy some tron that's what they do all right let's get to serious [ __ ] Shelli launch date you should already know that if you've been paying attention we did a whole episode on it that reminds me you see I will answer your questions if your questions are new but if your questions have already been answered previously you need to pay attention we have this thing called the product update we do it every single month at the end of the month last product update not only did we have a whole show dedicated to dates we presented an exhaustive list of nine deadlines one of which we've already met this today and we announced that Shelley will ship either on June 30th or July 7th depending upon the tests that we do with a hard for common Eider the prior week and we will do the hard fork on July 29th so June 30th and July 29th are the pairing of dates to remember the itna dough will be moved over July August third because it takes one epoch to roll over and it takes a few epics for all the staking mechanics to turn on and the D parameter to decrement and in which case actual staking will begin August 18th so all those dates have been written throughout my Twitter feed pay attention all right can we log out of the Daedalus wallet I cannot seem to log out no you turn it on and off you secure it by using a spending password that said we've had some conversations about a login system and that would make sense in the context of u2f using some form of hardware Authenticator what does the Ergo connection mean so for those of you who don't know ergo is an experimental blockchain project there are some cryptocurrency projects that are intended to go conquer something like hide era hash graph they like we will own business or fabric we're gonna be the permission chain or aetherium we are the smart contract chain and we'll own all smart contracts or iOS we're the chain that takes all your money it doesn't give it back but any levity aside every chain has a stick and so ergo shtick is that you have this incredibly brilliant team led by Alex chirpin oh he used to work with us and still occasionally publishes papers with us and basically he started with a project called score X where he was saying can I build a framework to construct crypto currencies and in fact two crypto currencies were launched to my knowledge from scores probably more waves was launched an Ergo was launched from it but basically ergo is an experimental crypto currency to study concepts like not outsource evil puzzles which means you can't do mining pools things like Sigma protocols used in scripting things like a proof of nil pre mind things like UT EXO decay so you can actually melt down a small balance UT EXO things so a lot of these things that have been floating around literature for a while or Alex had come up with basically he created something extremely interesting to go and play around with that now it's a Russian project it doesn't have a lot of marketing and said the United States in other areas it doesn't have the liquidity it really deserves but what appears happens is that a mer go in her go mer go or go got together and they have some sort of JV where mer goes going to list the ergo token on the euro wallet making your ROI a multi asset wallet and many more to come I suspect and basically they're going to use our go is an experimental test bed to go and play around with a lot of concepts so anything that they do there is basically at a low risk place to experiment and play with that if it's very successful could work its way eventually into the cardinal ecosystem so it's pretty exciting from that perspective and we've invited the Ergo guys to come to the virtual summit July 2nd 3rd and play around with her go now or go doesn't do social physics by the way is serious you're thinking of Endor but anyway we we've invited them to come to the AI which case summit excuse me the virtual summit card on virtual summon to basically present on what is ergo what is a nature of the relationship with a mer go and what's their view and what types of things will be deployed so it's a very exciting project I've always liked her ago it's very small market cap is only like 4.6 million or something and very small community but they're growing and they're definitely good actors and I love I love working with Alex all the time we spent together has always been productive have you started working out now I'm just fasting on and off rotating three and two day fasts and I'll get to the big one here in just a little bit Charles logo on coin market cap looks hideous what have they done to it I have no control over that and if they want to make things look hideous that's their prerogative well who owns them with that Tron or finance it was by Nancy bought them financed about them we like finance they're good guys that's a good question instead of asking when moon let's ask why moon that's kind of like that Family Guy skit where they're like instead of asking Where's Waldo you should have asked where how is Waldo because Waldo killed himself that's great are you growing the beer to look like a wizard for the sheller released no this is called living during the times of great quarantines and yeah I'm dealing with that how do you handle the stress of being a CEO that's actually a really good question and it's a productive question for every single person who aspires to be an entrepreneur or finds himself in a position of power so we're actually publishing a blog internal and external on culture and I'm writing the foundational the first the launching blog post for the blog and we talk about the values that we have as a company from integrity to listening and so forth and I encourage all of you to read that once it's out we're still working on it I wrote the first draft and now people have the luxury of getting out their red pens and reminding me that my pro sometimes leaves something to be desired but usually I polish it enough but anyway the point is that you have to do three things when you're in a position of leadership first you have to do the job so every role that's leadership related and so CEO there are three duties of a CEO sustainable revenue manage existential risk and make sure there's a succession plan so if you ever go away there's somebody to replace you the only three things you have to do as a CEO everything else is and somebody else's job and you can choose to go into that Lane a lot of CEOs do like jobs was kind of a chief product officer and the CEO at the same time some CEOs or CTOs I served in that role for a long time until we hired romaine but anyway though you still have to do that so that's number one you have to manage those duties that that job is incumbent to have and then second you have to preserve and protect and grow the culture of the organization that you belong to every organization has culture and it forces you to act and think in certain ways if you join the US Army it's a very different culture than if you joined Google which is a very different culture than if you join you know pick your favorite not-for-profit organization UNICEF or something who knows you know something that is you know humanitarian okay so all these things have different types of people different cultures different way you interact with people different boundaries if you will different and so forth and you have to be a member of that and focus on the good parts of it and make sure that you are always vigilant against the bad parts of it and then finally you have to do all that well not falling apart because you'll probably be under constant criticism some environments are harsher than other environments and some jobs naturally are just more stressful because you work longer hours and you have to do more difficult things so the question is how do you manage that in a way that you don't go crazy now many of you have known me for years because I've been floating around these videos and going to conferences and all these things and you you've seen me from time to time in a good mood and you've seen me from time to time and very bad moods and very pissed off you've also seen the effects of trolling on me from time to time or constituent I consider profoundly disrespectful like the meta mask incident for example so there's been a lot of back and forth there and there's been a lot of these things and how do I manage to keep cool and keep with all of it well there are a few things I do one I meditate mindfulness is great and there's tons of people like Ron Siegel and the calm app and other things that basically give you a paint-by-numbers step-by-step way of doing that without the metaphysical import what do I mean by metaphysical import is meditation and mindfulness tends to be contaminated with metaphysics you tend to have this holy you'll reach enlightenment inner peace and be a Grace and one with the universe if you do these things and whether that's true or not it turns out you can meditate without that goal you can simply just meditate to recover it's kind of like saying that your job has a corrosive impact emotionally and a corrosive impact mentally the longer you do it the more damage it does to you so meditation is like lifting weights for your brain it's like doing things to clear out that junk and get you healthier to exercise and prevent that damage from becoming permanent or undo damage that was permanent so meditation hugely important hugely important second you have to take the time to take a break no matter how important things are a lot of things can be pushed to tomorrow and lately I've been spent a lot more time friends and family lately I spent a lot of time praying meditating exes me just being at the ranch you know today I've pickin radishes you know every morning I go out have my coffee sit and watch the Sun Rise and I always make sure I catch a sunset with people I love and care about these moments don't take a lot of time but they're incalculably valuable and you don't get them back if you if you lose them so that alone helps tremendously and third I think in addition to meditation and exercise and just good old-fashioned living techniques like fasting and so forth that related would help you out and taking the time to really enjoy your friends and family you have to be inspired by the work that you do so the first two techniques allow you to survive a job that's tough that you love there is nothing in the world that will allow you to survive the job that is tough that you don't love no one can survive that a friend of mine wanted to be a surgeon he thought he wanted to be a surgeon and when did that and finished residency two years out he stopped being a surgeon and now he's doing something else in life because he turned out that he didn't like the job and so he done all the work went to medical school went through a five-year residency program that's a lot of work and you know 11 years to get to that point and then he woke up one day and said I can't do this for 20 years 30 years there's nothing I can do to change the nature and dynamics of this job to make it work for me so he left and he's never been happier lost a lot of weight skin looks better healthier just happy laughing with friends doesn't have a care in the world so that's the final point is you can do things to keep yourself going and when it's tough and you love it but if it's tough and you don't love it there is nothing you can do in a long-term just like a bad marriage or just like a bad relationship that will allow you to survive it now if you're the CEO oftentimes there are reasons why you don't love your job if you are surrounded by toxic people or a toxic work environment a toxic culture if you are surrounded in a toxic industry the best thing you can do is reform that even if it means you substantially reduce the short-term profitability of your organization even if it means you damage the Treasury of your organization you lose key assets or key employees because at the end of the day you'll just be so much more productive you'll be so much friendlier nicer love your life more that whatever you lose in the short term whatever your company loses in the short term it makes it back with a factor of 10 in the back end in a long term I had to learn that lesson the hard way and I got into business with a lot of people that were competent some cases incompetent and I thought well I can make it work and I kept doing everything I could to make it work and literally got to a point where I would stand at the door of my office before I went into the office because there's sometimes people there I didn't want to talk to and I would wait a few seconds before I'd open the door take a deep breath and say okay it's time to go to work I hated my job that much and eventually we got rid of those people they retired or moved on or we had to let him go and ever since that day he's gotten a lot better life is a lot better I'm a lot happier so I suppose that's the fourth hidden point that you have to love your job and you have to you no matter if it's hard or not there are ways to manage the hardness but if you don't love your job oftentimes it's because you're in a toxic environment and so you gotta fix that culture even if that costs you a lot of time effort money it's a first-class citizen with success there's never been a case in the history of successful companies where a successful company has been successful despite its culture that's been successful despite having toxic people these companies never last they fracture into a thousand pieces because what keeps them together why would people want to be loyal there is what else you guys got humble drew asked who do you recommend to study meditation from just download the calm app that's it calm it's on cellphone Android iOS these things and super cheap super easy very very fun to use who how will a card on will be funded once the contract ends in 2020 we will have a Treasury and just you wait we have a lot to say about that and I won't say it today but I think you guys will be very happy with it by the way I've noticed that certain former community members are creating their own reddit's and you know deciding how they're gonna break off from our community with their 27 members in their reddit for active last time I checked you know this is the amazing thing about blockchain governance and how things work you can just literally do everything you can write every paper every line of code you can present a vision fund the vision go out and build something special get everybody or at least the most people on board and then there's this one or two just really nasty people and then you say look you got to calm down and of course their ego is so powerful that they can't ever be the problem you're the problem and then they have to leave and then go and take their ball and go home and start something else governance is hard guys because people are hard people are difficult people are arrogant people are narcissistic people don't want to admit their mistakes and their flaws people don't want to look in the mirror they want to blame somebody else that's why us is falling in parts why all these democracies are falling apart because people to solve these problems have to admit that the problems exist because of them in addition to others not just others and they're perfectly comfortable with the others I read fall problem but they're not willing to admit their own faults so you can never really get anywhere because even if those people fix everything on their side you still have a deficiency it's like saying there's a boat and you know two people have to row and only one person's rowing you can't make it go by yelling at the other person and saying harder and row faster they're like well what about you you have to row two and unfortunately that's where we're at with certain people in our community not many of them it's a very radically small minority you see this everywhere I saw with Bitcoin I saw with every other cryptocurrency here and there and you know you just get through it and you work your way through it but it is a good lesson of why you cannot completely solve governance and why you can never create a completely stable system these systems are intrinsically unstable and require constant vigilance to maintain and against the perils of social entropy any updates on the Harvard partnership with the Berkman Kline Center we do not have a partnership with Harvard it's very difficult if possible at all to have Harvard partner with you you can give them money as a donation and I believe the foundation did do that or at the very least intended to do that but even then they tend have a huge ego attached to it which is why my organization input/output has never given money to Harvard or any of these Ivy League schools we consider Cornell for example they told us to pounce and our money wasn't good enough for them so we went and built the largest cryptocurrency Research Center in the world at University of Edinburgh or at least in all the UK and by publication and citation volume it's the most productive Research Center in the world for crypto currencies and I believe by peer review it's also the most productive Cornell could have had that but our money wasn't good enough for them so so you know it's it's difficult dealing with Ivy League schools they don't need you because they have gigantic endowments they have the prestige they have feedstock of endless amounts of brilliant students and they will always have great publication output and when you go there you just take a number and then you deal with the bureaucracy and then occasionally student politics turn against you and then if you're labeled inconvenient you get pushed out no matter what you've accomplished and how many names you have on the buildings so it's much much much much much better to build relationships and partnerships with tier two organizations that are hungry up-and-coming and want build a brand and a reputation because they're willing to work with you as a partner and realize that you are providing jobs for their students when they graduate and they realize that you're providing publication opportunities for their students and professors so that they can get publications and sculpt the growth of an emerging industry in field I and so that's why we'd love for example working University of Wyoming this is why we love working the University of Athens why we love working with Edinburgh these are universities that we've never had administrative or bureaucratic problems with occasion there's some things we have negotiate and figure out but it's easy and it makes sense and we don't have difficult phone calls it's more of a question about priorities it's more of a question about well are we gonna fund these graduate students or not or how do we get this person here can we open up a postdoc for this and then what value are we providing it's like well we're hiring people we're doing industrial research or bringing some of the brightest minds in the world to sit and work on some of the hardest problems and a lot of cases we do a lot of inter institutional publications like our game theory research is done out of Oxford and that's directly collaborating with our people in Edinburgh so it means the graduate students at that University get to work with people at Oxford that's an amazing opportunity and it's a rare opportunity for someone so young in their academic career to work on things that have real-life value be very meaningful and to have these inter-institutional interdisciplinary papers which have a high probability of being accepted for peer review and all the research is open source and it's usable by the entire world and often times it's cited by everybody our or Boris paper I think so more than 800 times so you know that's the way we look at these things and that's why I don't tend to build very strong relationships with those centers of excellence because I don't think they are I think that the research they do is quite strong and quite good and there's a lot of brilliant people there but you can find brilliant people anywhere and you need the right culture that's sustainable and it's gonna work well that said we do have people on the other side who do work in there and you like Nathan Kaiser for example the chairman of the Cardinal foundation is a fellow at the Berkman Cline's and he does very good work there and there are other people we talk with and we like working with them they're very nice Burkman Klein in particular isn't quite like Harvard it's it's like the Harvard Extension in that they're much more open accessible and independent from the normal Harvard bureaucracy so they're kind of the rebels within the organization so there's a lot of fun to work with them in that respect where and when it makes sense and it's possible and when we find things we do things but my personal view and why our company puts its money where it does is that there's better value elsewhere also especially if you're investing in the frontier you usually can get States to match funds that's what happened in Wyoming we put in half a million and magically it turned into 1.3 million would be the opposite direction if we gave money to Harvard so how would you rather me spend project capital places were turns into two or three dollars for every dollar we spend or places where it turns into 40 cents or 30 cents and the rest of it goes to gender studies I think I think it makes a lot more sense to spend it where it it has the highest impact but you know reasonable people can disagree and you know that Cornell group that didn't want to take our money has been also one of the most productive groups around they created Snow White they published Avalanche ava's now come out of that group there's there are some very good people there and I have a lot of respect for the research that they do tell us about the offline wallet hardware you're developing when do you anticipate ballpark they will be deployed if you're speaking about the hardware University of Wyoming that we're developing it's gonna be years before any of that hits market if you're speaking about the hardware Center that's going to be in Daedalus that's imminent and Darko will make some sort of statement about that for the Daedalus flight program and we should have full ledger support for Daedalus before the end of the month greetings for Greece yasss I love Greece if all the cardinal steak poles were to suddenly catastrophic failure go offline what individual Daedalus wallets automatic would be able to keep the network going everything goes to a halt and that's called graceful failure so if you have enough consensus to progress the system the system stays in a frozen state until it's restored and there's ways to reboot the network and don't really take a lot of effort to do that but there is no there is no reality where all the stake polls are going to suddenly catastrophic oligo offline because there's just simply too many of them that's the point of decentralisation is that you get resilience with that greetings from Colorado yes nice here's a little windy though earlier today will be the next big release after Shelley multi-asset followed by Gogan for a staggering and if you're interested about native multi-asset our view of how to do er c20 in ER c 721 we'll do that we'll do that presentation at the virtual summit July 2nd so we're gonna have a whole discussion and two papers on how we do native assets and they're actually being integrated into the ledger as I speak so they'll come out shortly after Shelley hello from Toronto many good friends in Toronto hi Charles greeting from Broomfield I'm a doctor and covered events at Metro State yeah that was my old alum first started studying math there than I went to see a boulder after I finished at Metro my brother went to Metro too he graduated with degree in psychology then he became a nurse at Regis you did the one year BS RN and he was a ICU nurse then he got tired of doing that so he went to Rocky Vista and became a doctor and he just finished not too long ago on internal medicine residency and now he works up in Gillette Wyoming we got a lot of doctors in the family mostly internist excuse me love Metro but right when I left they built a new science building the old one was like so old and had like Jimmy Carter stickers on the on the laboratory equipment it was it was nice being a Metro student because you you just really felt like you were sticking it to the man you were going against the wind justin Fujimoto asks how happy are the restaurant employees after you tipped a hundred percent I don't know because I do it in a way that they don't know until after I've left I I write it turn the receipt over and they only find after they bust the table so I don't stick around to see it I imagine it's a pretty good surprise but the whole point of that is that there are so many people who have the means to be able to do it but they don't and it just perplexes me these waiters and waitresses are the most hit the hardest hit in the crisis so many have lost their jobs they live paycheck to paycheck and they've had no paychecks that are meaningful for three months so they're finally back to work they have to wear masks and gloves they're exposing themselves the people could be sick and what you know what a twenty dollar bill you're gonna give them four bucks you're gonna give them twenty bucks if you have the ability to do that it helps them out of course and people are so cynical and you know just so stuck up in their ways that when I post the receipt they say oh you have no humility how dare you you should you know giving should be silenced like the whole point of doing this is to convince other people to do it can I tell them secretly you know can I like p.m. all the rich people say do this come on I have a hundred and twenty thousand followers it's the most direct way to try to create something viral this is very confusing you know I'm talking about the tips the oh I miss your prior comment mess it up yeah the same thing when I was in Japan they were very angry at me Charles you can't tip them in Japan they get angry when you tip them it's like an insult or sigh I don't know Japan is a strange place I truly love it but I will never understand it I'm just a guest and I never forgot that what's in the mug coffee black coffee on Rick and Morty which Beth is the real Beth that's a very good question I guarantee you wisecrack will do a video about that and it'll be on the Squatch they'll be talking about I haven't had a chance to watch that for those of you don't know that was the final episode of season 10 where much to my surprise they revisited the Beth clone plotline from season 3 episode 7 and anyway it's not clear which of the besties is the clone bathi the warrior bath or the stay-at-home Beth but regardless of which one it was a very good episode I quite enjoyed it although lately Rick has been getting his ass kicked he got kicked up by a Phoenix man and he also got a Phoenix person and pipi and he got beaten up by that Zeus wannabe so I think they're trying to say something about Rick do you think a unified field theory will be discovered no probably not many yeah one you'll need something else Charles a lot of people keep talking about how Shelley and how it was delayed all right Carla you tell me what exactly are they talking about we've been pretty explicit about that we should what what's the point come on hey what do you want to litigate the past you know we've we've already talked about it shipping you know what it shipping what's your problem you know people the minute we ship it then it's not enough the price doubles oh why is the price going down ten cents ten percent Oh No oh god what do we do the markets are over why it's never enough it's never enough don't chase fame don't chase love don't chase the moment chase principles and stick to them chase goals and build things over a long period of time you will always have criticism you'll always have somebody shows up after you've done something amazing and said it's not good enough Tom Brady wins a Super Bowl the greatest Super Bowl victory of all time the greatest comeback of all time the next season they say he's washed-up doin's another one he's washed up you know he's going to Tampa Bay still gonna be washed up right even if he wins oh did the greatest comeback of all time the next season oh he's a nobody no one loves you okay because they don't love themselves and if he don't love yourself you can't love others people love you true love is one it's unconditional they just love you because you're a person you exist you deserve love regardless if you're great or not great if you're weak you're strong they just love you for love's sake you know and they feel that connection they say you deserve as a human being to be acknowledged listened to and have empathy and sympathy for your plight and conditions if they love you for the things you do the things you do are Hollow and finite hedonic amnesia you know people just forget all about it over time it just disappears so yeah price went way up double triple what got a little bit oh no the sky is following everybody's scam and it's all that say it all goes back to a dollar why not two dollars goes to 80 cents from a dollar why why not a dollar 20 so you can't win we released the great papers the papers aren't enough it's just a wallet you release Shelly it will have the most decentralized cryptocurrency have this we'll have that why don't you have that and then even after all of that it's not growing fast enough change of leadership is necessary we need something else I mean just look at the bloody iPhone for god sakes or the Samsung Galaxy I mean these things guys are marvels of human ingenuity progress in engineering they really are you're talking about the world's most sophisticated battery technology antenna design touchscreen every part of the material science is so carefully thought-out you have brilliance on so many different levels about the microprocessors the RAM and all of its put together into one of the most usable computers ever conceived at a below $1,000 price point it yet it's not enough the minute a new one comes out galaxy s 11 now you know the new thing the notes coming out oh it's all garbage the old iPhone it's garbage you know the new ones coming out is this this is the consumerism mentality that we've been trained to have is that we aspire for the thing that comes and when that comes we no longer desired and we ignore it and it's no longer meaningful and we let it go and we want the next thing that's coming even though the thing that came could potentially be life-changing and we could have over a hundred years and it would provide utility value and joy every single year the best gift I ever got when I was a kid was a pen and a notepad because I could draw on it I could write things in it and I could do whatever I wanted to do with it there was no way to improve that experience I couldn't get a better pen or a better notepad it wouldn't change anything and with that I planned out all kinds of things that I still have no pads and pens even though I have all these computers and I still use them for things and I planned Cardno out on a notepad I still have that notepad that I plan car down on the original notes from 2015 I still have the original pen that I used I kept them as mementos how do i improve on that there is nothing that can be invented that's a better experience than that Charles longtime listener first-time caller well welcome new meteo you're saying can exchanges vote and participate in governance with the ada and exchange wallets not really the way that we're gonna sit up is there's gonna be some sort of freezing mechanism where you have to lock the tokens for a period of time in order to be eligible to vote for the next voting round and because exchanges are on-demand accounts which means that exchanges have to be able to provide your money when you request it for regulatory reasons it's a bit difficult for them to be able to just lock your funds that's why banks use CDs and things like that so that should resolve a great amount of stake voting through exchanges occasionally you'll still see it every now and then but it means that they're actually violating a regulation if you're particularly concerned about it make sure that you don't use an exchange as a wallet that you actually are in control of your own funds there's only so much I can do as a system architect to be able to prevent these things because remember it's difficult to distinguish between an exchange address and a regular address because what happens if you just happen to have a high volume address for a death it would look very similar to a mid sized exchange and then if the exchange addresses were somehow forensic ly identifiable then they would just start alpha skating them through different transaction patterns and so the only way we'd be able to do that is through manual intervention then you have this whole thing that lifts up on top of the system then your yose it's it's not a good deal Charles Hoskins Duncan in Koontz a full-time employee by which Kay our consultant is he a lot of long-term commitment to cardinal Khan development he's been around for years he actually owns his own company well-typed he's the CTO of that company I think the only way we could ever probably coax him to take part of my company is to buy well-typed and I don't think it's for sale Duncan just does his own thing but he's a genius and we love working with them and there's not going anywhere there's a lot of work to do and it's a great productive relationship for both of us because in addition to working on Cardno Duncan has the opportunity to work on Haskell at Haskell infrastructure and what we've really done is created the first true Haskell infrastructure that's usable on Windows with a good user experience on Windows that's mainstream in mass-market so if this works it pushes the entire ecosystem and his philosophy of engineering forward so that's what we call a win-win but Duncan does this thing and we keep him comfortable as much as we can once the Forrest Fenn treasure chest hunt legit that's a good question there is a reason why a lot of states have laws that prevent anonymous winning of lotteries it's because you need to actually see the winner to verify that the winner was legitimate otherwise you can just say someone won keep the money for yourself it's quite unfortunate that he didn't announce the winner its it would be a good story and the fact that the winner stayed anonymous means that the whole thing could have been a hoax and if it was I will ride everybody that four people died searching for that chest not really nasty hoax a chance just like Phil Jackson yeah without all the ex-wives Charles can you make an update on the New Balance partnership we did a pilot run for the Kawhi Leonard shoes they shipped with the boxes and we're negotiating to see if we can do more products you know it's Evan flow consumer products aren't moving right now so most companies are scaling back discretionary research spending and R&D and they're scaling back luxury goods I had coronavirus not hit I think that would have been accelerated quite a bit but you know we're finishing out that commitment and it's New Balances decision if they want to do another production run or scale it up we obviously would love to scale it up as would tan Jim because it obviously gives us a revenue stream for that but we learned a lot from the relationship and we liked working with New Balance favorite band Pink Floyd absolutely amazing may I see what else we got here ship of the shoes yeah it was at an gym cart that was actually put into the boxes along with the shoes and you paired them together after you bought them yes a good question right here is Africa your primary focus for card ah no there is no primary focus for card on cardano's an open protocol it's like saying what's the primary focus for tcp/ip our focus as a company is the developing world and the underserved the people who do not have economic identity it's about three billion of them they live all across the world from America to Africa certainly there's more of them in Africa than there are in the United States but this recent financial crisis has created millions of people in poverty who no longer have bank accounts or access to sufficient financial services some communities in the United States are poorer than African cities okay so it's a stereotype to say that Africa's helpless in America is strong it's not true everything is one of those it depends situations so what we focus on are those who don't have an economic identity and we work with them to try to create one now cardano's open protocol a Mirko does work in and the ambassadors do work the DAP developers will do work the pioneers are now doing work and every single person has their way using that infrastructure for their own good or their own communities good sometimes it's strictly humanitarian sometimes it's strictly for-profit and sometimes it's a lot in between and the beauty of open systems is you don't have to ask for permission to do that you just use it and my job is to make it as useful as possible and your job is to use it to do things how good is a summit video that you liked it was a moment for me as a CEO a profound moment for me as a CEO and I I saw it I watched it it was less than a minute I think and it just blew me away I put my cup down and I had to and I had the fields I had the fields but like almost tears in my eyes when I saw it and I hope we can get it out this week we'll launch it with the website for the summit but man it was special it was very special I think you guys will know it's special when you see it too you'll feel it like the album's after Roger Waters left you're not alone on that there's there's certainly some opinions about that although my favorite album was wish you were here so I have the album cover right there what's your personal connection to Africa and its culture none I've spent a lot of time there and I've come to know the African people whether they be good hands or Ethiopians or people from South Africa but I don't have any direct connection you know people like to appropriate things you know I realize all these Democrats kneeling with some traditional good and clothing on gente and they're like yeah we are we're here with solidarity it's like do you even know what that clothing you're wearing means it's like you're wearing something that represents one particular tribe in Ghana and this is supposed to be a representative example of all black people in America all Africans I don't even understand what you're doing it's like guys it's just pathetic stop it you are not black you do not understand Africa you're not there stop trying to do that go there spend time with people work with them build businesses there if you truly cared where are the businesses if you truly cared why aren't you there even George Bush went there and painted homes started the PEPFAR project saved millions of lives you know we wouldn't consider him humanitarian of the year would we I mean the whole point is practice what you preach don't tell people how you're saving the world don't tell people how you're so great or how you stand with them just do it just stand with them just go and solve the problem you know just go and talk to them and say hey what is impacting your community and how can I help anything I can do is there any way we can make money together is any way you can build something together and just go do that and if you go do that things get better and if you talk about how you're gonna do it things never get better there's a nice little distinction between these two things so I don't have a connection to Africa in that I was born there or I grew up there you know I my I was married to an African woman or something I don't have that connection there's nothing there it's just that I said this continent has some of the best economic opportunities in that not only can I make money I can make money by making money with other people and having both sides win you have all kinds of ways you can think Wall Street win lose traders I make money because I took it out of another traders pocket I did a good deal somebody on the other side of it did a bad deal some zero came to me oftentimes that's the thinking you talk about being an entrepreneur building wealth up you say I go and invest somewhere I build it up the people here they get wealthier and then they can be better customers they can work with me and their lifestyle improves they get better education better health care they'd have to worry about bad water or whatever and because wealth has been constructed they can do more they have more capacity more economic identity then I benefit from that because I own some of that infrastructure there are my customers in that respect and some win-win so always always always always always think when when how do we build things in a way that I win only if the other person wins then everybody has an incentive to work together everybody has an instead of keep things going everybody hasn't said it and be honest with each other we all want the deal work you know it's like if you're a famous quarterback and you're that you really wanted to be on the Denver Broncos and you go to them and say guys I want to end my career here you want me I want to end my career here let's make a deal that works for both of us both sides want the deal to work so they'll go and negotiate something that's fair and find a way to make it work for them so that's what you do right and if you do that it gets better for everybody everybody's happier life is better for everybody and you just move on but I I just can't stand people that culturally-appropriate things I really can't I can't stand for people say ah I stand with solidarity or I'm part of this or I'm a member of this culture I'm a cultural nomad I grew up in Hawaii I've lived in Switzerland Japan all across the United States I've been in the deep south to the frontier I got a farm so some days I wake up pretend to be a rancher and then I go to New York City and I hang out cigar bars there you know pre quarantine so it's like you tell me what the hell I am you know I'm all over the place in terms of these things so I have no home in that respect well what I do have is this desire just work with people and help people and it's oftentimes the poorest people in the world are the ones that if you help you get the most reward if not money then in just goodwill can we incentivize news outlets to be less polarizing you know this is something that is directly connected with our industry journalists do not have incentives in any respect to write honest stories they don't have incentives in any respect to write in-depth investigative journalism and they don't have incentives in any respect to write stories that don't fit into a predefined political agenda if you work for the Daily wire or Breitbart or Fox News there is going to be a conservative slide and everything you're allowed to talk about or else it just won't get published if you find an article that's damaging for the Republican of the week that is is not on the hit list so Mitt Romney is okay but Trump is not for example you're not allowed to publish or at least your publication will be much lower on the stack or else you're called a Praia and it's the exact same for MSNBC CNN CNBC CBS these guys they live in that this versus that tit for tat narrative journalism culture okay narrative journalism we have a narrative we want to broadcast that narrative doesn't matter if it's true doesn't matter if it fits reality this is the narrative adhered to it because at the end of the day it's entertainment at this point it's kayfabe it's it's world wrestling it's like Hulk Hogan and Andre the Giant and Jake the snake and Macho Man Randy Savage and these other people and you're watching like who's gonna win WrestleMania who's gonna win yeah you know what's gonna happen oh somebody who said her the ring was with a chair oh no what's gonna happen are they gonna pull this one out it's storytelling now we all know it's fake but the people involved pretend that it's real and they never great character news media has become wrestling okay you might as well hire Vince McMahon to run these things it's why we have a reality TV show guy as our president was that accidental no he's just the best at that world that has been created by the these organizations so how do you change it you don't change it by saying be better you don't change it by saying be honest you say make a different model where people can make more money being honest and doing real journalism then doing the narrative kayfabe crazy [ __ ] that they're doing today that's one dimension of it the other dimension is that the distribution rails are being controlled and curated and censored and it's very deeply disturbing to me there's a reason why Joe Rogan moved to Spotify and by the way no media coverage just like three stores oh look he made a hundred million dollars that was the story Joe Rogan makes a hundred million dollars from moving to Spotify the story should have been guy got so fed up with YouTube censorship soft censorship and threats of censorship and D monetization that he had to leave an open platform to go to a different platform and took the best deal he could find guys got 20 to 30 million people listened to him every week which means he's the single most popular source of long-form news in the entire United States if not the entire world world okay so love him or hate him Rogen is an enormous voice that people pay attention to and not for 30 cent 30-second snippets not for an hour-long segment that's tightly curated with visuals and flashiness like the O'Reilly effect or something no they listen to him for hours on end while driving a forklift while being a long-haul trucker while while stocking shelves while in the back cooking in the restaurant okay and the well people and their beautiful homes on a treadmill they put the earbuds in they listen to this guy the rich the poor the young the old the educated they're not educated they all listen to this guy he's a humongous force that has given a platform to so many people that are not in the mainstream and he's mostly ignored by the entire media and treated in such a way that he has to go to Spotify and make a deal just to be able to get out of that environment that was becoming increasingly more toxic I mean it's like the most popular live stream on YouTube not trending never trending why because they didn't like the particular guest that he has on it's insanity it's absolute insanity and then the media descriptions of him comedian entertainer why a Republican whoa Joe Rogan a racist this oh he gave a platform to races it's insanity they can't even label the guy correctly so you have to change the distribution rails trumps a censorship on Twitter it's a great example of another problem these rails the audacity and arrogance of a platform to say it is our duty to censor the politicians of the world the world leaders so isn't that the point of the ballot box we the people get to decide whether these leaders are credible or not they have power this man can end the world with nuclear weapons yet some people at Twitter say it is a good idea for us to step in and start deciding what's true and what's not true with political forces so now he has to do that for every single politician in every single country that uses his platform if somebody in Accra says something they now have to understand is that true or not true or else by their own standards they have a double standard if McCrone from France says something offensive about the Algerians or about the protesters in France and French they have to have a guy who makes a call on that and every time you censor one of these politicians they now become the enemy of the platform it is an endless Pyrrhic war that cannot be won because it's not the job of these platforms to censor people and they say but we're private companies they're really not anymore they're utilities they we trust these things to be our source of we trust these things to be our livelihood and income and just because you're under private custodianship it's like saying what if all the trains and buses in your country are owned by private companies and they just make a decision no Jews can ride the trains would anybody be okay with that well they make a decision that if they don't like the things that you say you can't ride the buses in your country they say oh but it's private bus deal with it simple that's the only bus that's the only platform I can only get to work that way oh I'm so sorry I only deal with it so here's how you solve the problem by transcending it you have to get the rails that these things live on off of private ownership and into the world of protocols just like payment rails that's why the killer app for cryptocurrencies with money because we had to build a settlement and clearing system at the same time we had to build our own banking system at the same time so people couldn't use the settlement and clearing systems in the banking system to shut people out if your business was inconvenient you're an arms dealer you sell pot suddenly you're unbanked you can't settle you can't accept anything but cash now we have an independent system that does not care if you're selling marijuana or you're selling alcohol or you're selling children's stories it's all treated equal in terms of its access to the marketplace and then society decides what's good and bad and they have other systems for that similarly social media needs to move to a distribution platform that is decentralized and open then we build businesses and curations and other things on top of that and then community curation is how we get to where we need to go micro tipping is one of the greatest examples of that will be the killer app within 10 years in our industry if you like what I have to say you click a button and it costs you point zero zero one pennies but if I have 10 million people in my audience every time I do a live stream I'd make a hundred thousand dollars or something like that if they keep tipping every time they hear a good comment each individual is nothing to them okay that's why models like bats are so interesting and other things like that and there are things that will continue to grow in popularity what does it mean it means that the media member the figurehead the opinion leader works for his audience so if the audience says we want you to do investigative journalism for this stuff we want you to comment on these particular types of issues with this type of philosophy the audience will get what it pays for instead right now they work for the ratings which allow them to sell to advertisers and then the advertisers basically control so they have a band of what they're allowed to say and what they're not allowed to say and they have to live in that little bubble there so the incentives are all wrong you need a direct relationship with our audience and that means we need open systems to do that and then over time we can create bounties and incentives like here's one example of an investigative journalism that is just extraordinary to me absolutely extraordinary to me that no one has that no one has done it so there is great evidence that's brewing from different sources through the periphery not the mainstream media that coronavirus could have been designed or at the very least came from a lab and we would know which lab it came from the the wuhan lab that was a major viral Research Center probably also a bioweapons Center you know but the CCP will never be honest about that now you'd say this disease has shut down the whole world it's caused all this death all this this chaos it's heard all of us everybody knows somebody who's either lost somebody lost a business or had some tragedy as a direct result of crota virus so the origins of this thing ought to be one of the sexiest most important studied stories ever and in my country the media seems to think that it's perfectly acceptable for the time being to just take direct quotes from the Communist Party of China as Canon and say that's truth and anything that deviates from that is not when they have every single incentive to lie about the origins of this they will never be honest it's like Baghdad Bob the tanks aren't in Baghdad they just will never be honest they don't have to be it's their mandate not to be so why well some cynical people think that's because well if it's a China virus China killed 100,000 Americans not Trump so let's just let it be the Trump virus until November then it can be the China virus and we can do something about it or maybe we don't want war with China or maybe we have Chinese ownership of our company so we're not allowed to say anything that's why the maps look a certain way with the NBA you know it's why Disney says certain things and it's just really curious ways ok money talks so this tells you that there's something fundamentally broken with the way that we curate information the way that our platforms for distributing information work and at any time any person who has an inconvenient opinion can be censored so fixing the media is not going to be simple you have to change the incentives you have to change the relationship between the content producers and the people who consume the content and you have to make sure that the rails that ship the content are free and fair and this is a war that's going to have profound implications if we lose it everything you see will be seen through a Ministry of Information if not public it will be private and curate it in a way where the experience you get is an experience that someone else has decided has the experience you should get not the experience you've decided for yourself not the information you decided for yourself someone else has decided what's true and false someone else has decided what is real what's not real what is appropriate was not appropriate what should be censored what should not be censored and then given that to you and that's the only thing you're allowed to see that is antithetical to everything I stand for and my country was founded on and every single time in human history we have attempted to give this power to a governing structure they have abused it and misused it to preserve their power and silence their critics there are no exceptions you can find in the long run every single time and now we live in a day where the tools can be automated and then they can be deployed at a scale that we have never seen before in human history it is one of the biggest moral imperatives of the 21st century that we solve this problem and we do not allow this problem to persist one of the biggest moral imperatives if we do not solve it we will live in 1984 absolutely we will live you don't if you doubt me you have to look no further than these protests that have recently happened the United States wherever you sit on black lives matter it's a separate issue if you are a medical professional an epidemiologist a health professional and you say that it's a bad deal to have large groups of people clustered together with limited protective equipment for long periods of time because not only will they contract whatever disease is affecting society they will go home and spread it to their family members many cases the most weak and vulnerable amongst us and then at the same time have that opinion and then say but when they do it for the things I politically agree with that's okay you have left the realm of science you have left the realm of argumentation and reason and you've entered the realm of propaganda it is okay to do the things that are beneficial to my views and my party and my view of reality it is not okay to do the exact same thing but opposite of what I view is right that's no longer science science doesn't work that way it's not like say when gravity is convenient to me I will accept gravity and when gravity's inconvenient like when I'm falling off the mountain I will no longer accept gravity and float away you don't get that choice and similarly medicine doesn't work that way there's no virus in the history of humanity that is a woke virus that says ie philosophically agree with what these protesters are protesting about so I'm not going to infect them their friends and their family okay why is this relevant it's relevant because over 1200 medical professionals and public health people signed a letter saying that they don't want these protests to stop citing coronavirus that it's okay for them to continue they said the exact opposite for other protests so other protests are a public health risk and must be stopped with forces necessary the protests we agree with must continue okay that's propaganda and it has no place in recent society it has no place with people who assert to be representing the public good and the problem is that if you control all the media if you control all the information it's like that episode where Picard gets tortured by the Cardassians and they keep asking him are there four lights or five he keeps saying there's four lights the Cardassian says it's wrong it's five and electrocutes them and at the end of the episode he admits that if he really wanted him to he could see five lights because he had been broken this is where we'll go if these things are controlled for too long because the cost and consequences of not agreeing with there being five lights are that you become a pariah in society you're outed you can't get a job you can't get an education you can't get a good a meaningful relationship you're the other the the discontent so you have to be super super super careful with where this goes and I'm seeing definitely the symptoms of nineteen eighty four seeping their way in was trigger language like hate speech and this and we have to do what's right and fake news and fact-checking and this is not a partisan issue both parties seem to be doing this and this is not even a left-right thing there's many different kinds of political parties all throughout the world America we tend to be bipolar or one or the other but in other countries you can have a much more plurality doesn't matter if there's five ruling parties ten there's an overall trend with the powerful to use the distribution curation and creation of content in a way to basically before it gets to you the consumer make sure that you get it packaged in the way that they wanted to and if you oppose it then you're a conspiracy theorist a bad person a disgusting person super super super super dangerous one of the greatest dangers of the 21st century right up there with existential threats like AI and and other things it's it's super dangerous more dangerous and nuclear weapons and by the way until currencies it's going to be a huge component there will be a Facebook replacement and a Twitter replacement and a reddit replacement and a YouTube replacement that comes out of the cryptocurrency world with a token associated with it it will happen within the next 10 years I'd love to see these things somehow related to card on Oh that'd be great but everybody's trying and some are making some significant progress like brave with bats very significant and we will continue to see rapid growth in that industry until somebody has a breakthrough and it becomes a legitimate contender to toppling and that is the thing it's going to provoke the single largest fight money it certainly does provoke somewhat of a fight but governments for the most part can find ways to deal with it and control it the flow of information if it's not controlled is the most terrifying thing in the world to governments you don't cut a man's tongue out unless you're afraid of what he has to say and they're going to try to cut all our tongues out if they can and by the way if you're looking for businesses if you can find a way to do it you can be the next Mark Zuckerberg you can't effin utley get very rich building a new way of distributing content Charles are you still hoping to put out some of the best practice guidelines wallet password crypto security when would you hope to release this it'll be released Mike as a univee course and we will we'll get that out on you know in due course Charles Morgan is someone who's going to create that it's just we've been a little busy with the launch of Shelley but it's it's a priority I care a lot about the safe use of wallets and I'd like to wait for hardware wallets to be available with Daedalus because then we can do a one-stop shop Charles did you win the 5k for naming Dan's book bilzerian's book it was fun I couldn't read this that one guy's eye I saw him with this girl on his leg in a bikini and the guns on the desk and he's like I wrote this book in a few days and $5,000 if you can title it so those you don't know I I tweeted back dances with herpes and the tweet kind of blew up a little bit but there are just some people out there and they they carefully sculpt this image of what they think an alpha strong male should be you know like a good guy like the macho guy to live up to how incredibly empty is that lifestyle people love you because you have money okay and that's it so when you go to bed you know that everybody around you isn't not there because they legitimately care and like you they're only there because of the things you can do for them even if you can make that illusion last a long time you will be as lonely as they come absolutely lonely you know I got a lot of love in my life I'm surrounded by it from the animals on the farm to friends and family and I know that each and every person in my life because a lot of them were in my life before I had anything I was quite poor with off a thousand dollars a month they were there at that time they're still here and they treat me no differently so that is not a role model to look up to if that's the only thing you bring to the table and if you want to look for a real man well then pick a real man like Jaco will mink you know he's a good man but he's also a man's man it's like running Navy SEAL commandos and Ramadi that's uh that's not an easy thing to do yet despite the fact that he's so lethal one of the nicest most humble kindest gentlest people you'll ever meet that's true power having the ability to harm people but not having to do that the world is incredibly shallow and empty no it's not it's quite the opposite worlds magical and has depth you could not begin to imagine you know every single person alive today really is no different from the people that were alive during the times of Rome in fact if he took a baby today and you had it raised by Roman parents in Waiting it would you know grow up speaking Latin and having and looking like the Romans and having the same perspectives as them and fit in perfectly fine in that society and if you took a Roman baby raised him today they would look no different than you or me so what does it mean it means that we have thousands and thousands and thousands of years of unique history and perspectives and brilliance most of which is lost but some can be discovered and is hidden and if you want you can spend a lifetime multiple lifetimes and indulging in that soaking in it getting wisdom from it and that's in itself something that has profound depth you know the other thing is that people are genuinely good and I've seen people do things that are unbelievably difficult yet somehow they did them for the greater good of society I'll tell the story I've told it a few times but it's uh it's a good story so I went to Rwanda not too long ago and I had the fortune to visit the genocide museum in Kigali and the genocide museum is is a quite an interesting experience it's very difficult experience especially the kids room up on the second floor but the thing that really blew me away is I had a bodyguard with me while I was going around Africa his name was brave big tall guy lived up to his name and he was friends with the guy at the front desk and the guy at the front desk was Tutsi and anyway we went there right around lunchtime and so the guy at front desk started having lunch with another person who was Hutu and I found out only later that basically the that one had killed the others wife and kids so you have these two people together twenty years after the Holocaust there a million and a half people died and one of them murdered the wife and kids of the other just think about that for a moment and they're now together working in the same place a monument to that event in the horrors of that event getting along with each other so I just once I found it out I said I had to ask so I asked him why why are you friends why how could you let that go on and he said well if I keep the grudge it'll happen again and so for the sake of everyone's children and for the country we just have to forgive and move on I don't really think if someone killed my mom and dad and my brother wife and kids I could ever move on and forgive I I'm not that big of a person yet in that country in that place a random person I've never met before I never saw you'd never think you'd probably look him just like anybody else walking down the street was so strong but he had the ability to do that and grow beyond that because he understood the consequences of not being able to do that and it wasn't just him it was his country every single person in that country had to move on or else it would be endless chaos and war look at Palestine in Israel they always have legitimate grievances there's always going to be blood on both sides yet this is one of those rare cases where people who are so evolved that they could set these differences aside we can't seem to do that in the United States right now we're still talking about slavery yes it was horrible it's the original sin of our country but it was a long time ago and this is an event where most of the people in that country world are still alive from when that event happened they have direct people who were impacted but they could move on and find a way to make it work find a way to forgive and have society be healed so now this world is not empty and it's not filled with despair and chaos and badness and cynicism that's something that some French existentialist will tell you in a freshman college philosophy class life is [ __ ] smoke the cigarette they can go [ __ ] themselves they haven't lived life and they haven't seen life and they haven't seen the things I've seen I have seen people do these things and they weren't academic they were profound and if average people can find the courage to do that all of us can do that and one day we all will the wisdom gap will be filled the empathy will gap we filled will get to the next level of society yeah Vancouver is a very cool place politics can affect I ohk know because we move the company to Wyoming its iog will do a rebranding at some point with your background always in computer science it was never in computer science directly I studied a lot of computer science and took a lot of computer science courses but I studied primarily mathematics that was my background their mathematics created computer science and so they're kind of related to each other like math as the father or mother if you will of computer science and if you want to be a computer scientist with as a mathematician it's it's quite easy to do that but you tend to do different computer science when you come from a mathematicians perspective it's much more academic you like weird things like functional programming and dependent types and proof systems and you think less and less about practical things hey Charles is there a distribution schedule for what's function 13.8 billion a ton on circulation yeah it's on the original card on Oh Docs website but we're redoing all of that so it's more readable understandable but I think it's 20 or 30 years I don't remember the exact schedule for it but it'll be released with the new documentation at the end of the month what branch of mathematics that I study I study an analytic number theory wasn't particularly good at it but I don't think anybody's good at analytic temperature that's why nobody ever saw stem you think well there's one guy that's teri Tao he's pretty good Rudin was pretty good too he was a good analyst can you explain your solution the spikes of dishonest majority yeah we have a paper coming out called scats and this is like scope creep paper we keep getting more and more scope creep you know where we started with like let's let's think about our Horace and then we're like about proof of work as well now let's do a formal analysis of Byzantine fault-tolerant protocols as well it'd be like a grand unified theory of spice of dishonest majority so I don't know they're kind of overdoing it but you know it's this Agra losest thing he's gonna do his thing and a gallows kinda a gallows and I love them we love them and of course the papers are always amazing and they're super super fun to read but yeah I really do believe that it's gonna be one of the finest papers we've ever published and it's really the last mile at the research agenda you know we kinda had understand what Ledger's should look like and you know what should be the formal model of security then we had to understand a clocks work and synchronization works and how to do adaptive security and what primitives to use like the ahrefs and you know these types of things to be able to handle the randomness and what's too dirty versus just right and but you always had this spike if dishonest majority problem which is it's just always there with proof of state protocols and generally resolve that with checkpoints and manual intervention that's the naive way of doing it and then suddenly we have a more elegant way of looking at it in a more generic way for all of these protocols that was incredibly satisfying here that we actually had some interesting things to say on that problem that are going to be very meaningful for all proof of stake protocols so I'm quite proud but it will take a long long long time to get all this damn stuff done it's been months already it'll be months more this is just how these guys work because it does deserve that much time it's a foundational thing for everybody would you move to Wyoming no I'm a Colorado I live in Colorado I'm an hour out of Wyoming if I need to go there I Drive there it's easy do you think mathematical objects actually exist are they just useful figments yeah yeah are the useful fictions it's kind of like what Richard Fineman was asked what color is a shadow and if you ask a physicist that they give you a very elaborate answer you ask a mathematician does math exist you know the point of mathematics and the parts of your brain that tend to turn on and light up when you're thinking about math or just the frontal lobe but also the areas responsible for language so does language exists like does the word the' exist so it does v exists so v exists why does the not exist these are kind of interesting concepts them all over then you have all of these other constructs which are emergent from mathematical reasoning you build a formal system so you have axioms you say these are my rules okay this and this and this must be true I'm not going to prove it I'm just going to assume that they are true okay and then you have operators you have logics intentional and quantificational logic so you have things like conjunction junction so and and or implication by implication negation and then you have quantification like for all there exist these types of constructs they want to get a reason around they of course have to have things in your world variety of sets and you say okay is something a member of this set or not then you have to have test to decide membership inside those sets then you start reasoning about rules about that and then you start realizing that you need other objects like classes and addition of the sets or else you run into paradoxes and then you ask well [ __ ] your system and be consistent and should your system be independent and decidable should you be able to mechanistically prove things in your system or some things in the system cannot be proved within the system okay so there's this whole question about what makes a good formal system mathematics lives in that realm it's just a specific case of that type of thinking you can build different systems of math you can go and change all the rules and make them into consistent independent we did that for geometry you know Euclidean geometry and Hilbert went rebuilt it and built a new formulation of geometry that was a bit more elegant and precise you can build complete systems prove your systems are complete meaning that everything that you'd want to prove in the system you can prove and then general mathematics BR not complete this is actually a very famous result called girdle's incompleteness theorem and no matter what you do you you just you just can't you just can't prove everything well there's this inductive axiom requirement and it's really fascinating how that's done so are these real or not well if I can arbitrarily construct them then they're no more real than the characters in a screenplay but those characters in a screenplay if we choose to collectively believe in them become so real that they materialize into television dramas and then an actor plays at a human being a real-life flesh and blood becomes daenerys targaryen so is it real at that point like if the number 5 is so relevant important to society that it ends up becoming flesh and blood where we build a monument to it like we build monuments to Zeus does that become real it's it's an interesting thing to think about and it's a great philosophical question of you know is math real or not there are some mathematicians there in the extreme minority who are skeptical if infinity is really a viable concept or not and it turns out that you can actually do calculus without without infinity it turns out you can do a lot of things in mathematics without the requirement of infinity it's a little bit more difficult but you know non-standard analysis does exist and so you don't even need infinity for the most part to do these things just most mathematicians would say that we'd like having it around because it's it makes a lot of things more simple similarly there's a lot of calculations you do without complex numbers but having them around actually makes it a lot easier to do certain things especially in electrical engineering and nonlinear dynamics to answer your question I don't know but I think the answer is no but that's just an opinion man no I don't remember a game called legends of the red dragon I remember Dragon Quest those were interesting games you know game development is such an amazing thing you know people tend to scoff at it be like ah you're a game developer bad like movies are so much better or you know so much more meaningful you know the last time I went to a movie theater before this plague cowled all of us shuttle them down gallop to the left of me was on her cell phone while the movie was playing the guy to the right of me I went alone was on his cell phone while the movie was playing and I'm just thinking to myself they spent millions of dollars at all this time to put this amazing narrative together to have you experience it and you're so divorced from being able to just relax and joy and watch something that you're on your cell phone while that movie is playing because you need to be somewhere else and you're only half paying attention to the movie so that storytelling medium is compromised because the consumers of that storytelling medium are no longer capable of giving it its due a storyteller is only as effective as the audience there's a reciprocal relationship it's not good enough just to be a good storyteller you have to have a good audience and they have to be in it they have to be in the moment they have to be experiencing it with you I love I love good storytellers so game developers are the last bastion of effective storytelling we have because the people who play games are absorbed in the games they're in the moment they're there they're in flow they're focused on them they care about the characters kratos isn't just a character in god of war carrados's like something people connect to relate to a great example would be in Red Dead Redemption 2 when the protagonist gets tuberculosis you're playing this character about quarter the way through the game you go from Duchess orders to go and rough somebody up to get some money back it costs on you you get tuberculosis from and throughout the game you get sicker and sicker and sicker and sicker to your play character dies of it there were legitimate people who actually talked to psychologists after this because it's so traumatized and bothered them having this person died that it they took it like like a death in the family think about that you can't tell me that storytelling hasn't hasn't evolved in that form if people have that kind of emotional reaction to something so in essence if videogames are that last medium that you have to actually be able to tell a story in a way that has a kind of impact on people you could imagine thousands of years ago before we were all perpetually distracted Homer you know the blind bard in Greece telling people about the Odyssey and Odysseus and these things and probably had that level of passion with his audience we have somehow managed to resurrect Homer in a digital medium and give that one more time to people in such a beautiful and forgiving medium and a broad and vast medium and I tell you some of the best days I've had when I've gotten off from work and I you know I finally finished all the cardinal work for the day or just sitting down with my notebook in my pen the same ones that I used a create card on Oh start writing out the plot for the game I bought legends of Valar you know there's an enhanced edition we got to fix it up and I thought a whole book on cane mechanics about another whole book on magic systems and these things like that it's like a whole academic analysis of all the different systems just so again understanding how do you actually balance these things and you know what should you think about like should you have environmental effects like air and water and these things you can drown or to hydrate or starve to death can you like go into a vacuum chamber run an errand die or poison gas and can the environment the influence by the player basic game mechanic questions you have to ask but then at the end of the day like what story do you want to tell what do you want people to feel what emotions do you want them to have you want to care about the characters I mean I sure as hell cared about some game characters from video games I played in the past so much so that I sometimes would buy action figures of them or you know things like that you know people cosplay these characters and every year they go back to them year after year I'd like to be able to create something that has kind of fervour and delight love and it's really inspiring to be able to do that and I haven't felt that same inspiration since the days I was doing mathematics but it was much more free and open and you have more tools at your disposal yeah last of us is another great example very strong emotional connections people cried in that came a lot of people cried because of last of us all right let's get the next question Charleston please tell us your opinions about Manero I mean a fluffy pony and I run into each other from time to time seems like a pretty good reasonable ecosystem I don't have any major issues with that you know they they do their thing they claim to be private they have some papers they implement some stuff I and I haven't thought of too much about them I'll probably have a stronger opinion if I ever enter the privacy coin space and then I'll be like oh well this is what they're doing wrong and here's what you need to do to fix that but at the moment you know it's I like that people are actually trying to do things whether they be Z cash or Manero or Zen cash and so forth hi Charles who pays for the next phase of development the community of BI fundraising or some magic pot somewhere it's going to be done by the Treasury system so we might as well build a really good Treasury system and then we can answer your question for you what do you think of using Godot for potentially creating legends of Valar I'm probably going to use Babylon j/s for the remake for the enhanced edition just because it'll be fast to market i and cross-platform and a game of that design would be good to do and we'll probably make that open-source and then for the actual remake I'll probably use a triple-a game engine to make it a triple a title so I'll put a large sum of money into it probably greater than five million dollars and we'll use something like Unreal 5 yeah I mean I like Godot but the problem is just unreal and unity and these other engines are orders of magnitude more capable and they come with so many batteries included yeah Walking Dead Season one two tail games yeah that was another one Clementine oh my god so well-written so well written it's like you cry when when he dies do you envision web browsers running on the blockchain I think that's one of those mash of two concepts that don't fit so well together it's not peanut butter and jelly it's oil and water you know you don't really need blockchain and web browsers together web browser is a consumer of protocols and so certainly block chains can add value into the conversation just a second got to check something so basically you can certainly add value by having blockchain as elements and actually this would be something we'll probably talk about with the panel with Vint Cerf at the summit so you add value by saying well decentralized DNS and it's a centralized way of managing route of trust and so you have different way of handling certificates and authorization for access control and then also you can talk about a content addressable network as opposed to an IP addressable network we're instead of saying I go to locations I look for files this is a very different world so right now if you're looking for a picture you have to remember what website did I see that picture on and if you don't you go to Google and you try to enter enough search words to get to that website that you think would have it okay but in a content addressable network you take the hash of that file some representation of that file then you search the graph for that thing so whenever you want to save anything you can just save the index for that particular representation that's a very different way of looking at the world you're kind of used to this with Torrance so you know you want to download a torrent you have your torrent file you find that and that gives you the instructions to reconstruct it and where it's located in these things and you can verify that the file you're getting hasn't been tampered with so it's there's a lot of different ways to do things web browsers can be a consumer of that and probably the most sophisticated web browser at the moment to live in that intersection between the blockchain world and emerging web technologies is brave they're doing a really good job Michael Sr gonna make me a villain in your new game Michael there was a doctor in legends of a lar and I will make you that doctor I will name the doctor michael lesser congratulations you have just became a character in the game I will I will even model him on you so you are now a video game character congratulations you've earned it I am not even joking 100% serious and I will pay you a small royalty for that I will send you $1 Charles II watch The Colbert Report was James Colbert no guys a douche bag why why would I want to pollute my mind with a show that is just Trump bad everything left good Trump bad everything left good Trump bad Republican bad everything left good now or the vice versa why would you want to watch a show Trump good everything left bad Trump good everything left bad like can you imagine like seriously sitting out listening to Rush Limbaugh day after day three hours a day just ask you looks like what have you gained let's say you believe everything to do to sing you've left with a hatred of a group of people and that's it you haven't learned anything new can you go start a fire can you go plant a tree can you run a greenhouse can you perform surgery have you bettered yourself in some way it has it made you a better listener are you better at interacting with people or you better your job do you have more capacity to make money all these shows exists to make you hate other people because there's money and power to be made by making you hate other people they peddle fear uncertainty disinformation propaganda techniques and they create another whoever that other is going to be named your favorite group or I guess least favorite group and then there you go they can use any catchphrase they want Boras language culture they can use make America great again they can use social justice there's just phrases and they attach motion to them and the proper way of using them is to hate whoever they're targeted at as long as you hate them you're a good member of that group you get to be a deado head or whatever they call you so no I don't watch any of that it's garbage it's junk it rots your brain it destroys you you know what you want to try and experiment turn off the television for a week and just read a biography somebody ulysses s grant Abraham Lincoln you know somebody susan b anthony pick your favorite person and pick a person that you just want to know more about randomly maybe maybe a foreign figure okay like a Mao or something controversial or not just read it Ron chernow is a great writer and see what that does to you and you know what is gonna happen if you can make it if you can participate with a family in these things if you have a wife or a husband or something read it to them in bed say tonight we're just not gonna watch TV I'm gonna grab my Kindle or my book and I'm just going to read for an hour to you and you just be amazed what happens after one week you have a conversation you're engaged you're actually saying WOW what's gonna have this person's life I did that with the George Washington biography that Ron chernow wrote you one of those fascinating people I've ever read about I learned about Washington in school and K through 12 and in university it was quite academic yeah he did this and this and he was at these battles and he this that and blah blah but I never got the real story about Sally Fairfax and his relationship with his brother and watching his brother die of tuberculosis and going to Barbados and just all of the stuff that was extraordinary and he just got this amazing three-dimensional person and at the end of all of it there was a relatability there Washington wasn't born as a paragon of men fact was quite the opposite he was defined more by his failures than by his successes and his lack of opportunity he should have been a general in the British Army they should have brought him into the ranks of the aristocracy and had they done that he would've never fought on the Revolutionary side he would have actually been the opposite instead they did everything they could to diminish and demean him to a point where turn potentially one of their greatest assets into their greatest enemy they built a nation on the back of that that's a great story so turn the TV off turn Colbert off turn all these guys off they're noise they're nobodies they're nothing if you don't watch them it's like that Simpsons episode with the advertisements that are killing people just don't look just don't look just don't look and buy a book read it and read it to a friend read it to your wife read it to somebody you'll be closer you'll have better relationship better conversations and you'll want to finish it and then once you do that you know you do do the next one and the next one and the next one and sometimes you just randomly pick people then you start talking to each other up books you find other people that do that to you become a great student of history and then you start looking at things that happen in their life which you can use in your own life and then that wisdom gap closes and life gets better I'm related to ulysses s grant Charles what a story ulysses s grant is one of the greatest American heroes we have and one of the greatest presidents we had and he was defined just like Washington in terms of his failures as much as his successes when the Revolutionary War started he would art I assume his Civil War started he was already kicked out of the army for alcoholism and his rank was captain and within just a few years he ascended to the rank of general of the army and then in 1868 became president it was an extraordinary story and really an interesting guy to look to he still think Biden will be coherent November if he's elected to be the oldest president in US history I think 78 or 79 very old and he's not in good health anybody tells you otherwise as a partisan I'm just listened to him for 10 minutes he's showing signs of dementia and it's just sad it really truly is said there were some decent people in that line I'm Andrew yang and Tulsi Gabbard and you know you can agree with them or hate them yeah but you could at least admit that they were bringing something fresh and new to the conversation and the best they can get a guy who's been around for politics for 50 years eight of the last 12 years was the number-two guy in the administration and that's change that's gonna fix everything it's gonna make everything great and better it's gonna manage the restless youth and really relate to people and connect to people whoever becomes president next has a huge task of healing the country and bringing people back together or doing the opposite of taking short term wins to further divide people for power it will take a figure of stature of ulysses s grant to bring people back together people say there's a horse that's ever been that's asinine the end of the Civil War is the worst that ever was we literally killed half a million of our fellow brethren shooting at each other in the country was cleaved in two don't tell me that that was somehow a better situation unless charged than the situation that we live in today but it took a man like Ulysses Grant that really starts stitching things back together and by the way his his predecessor Andrew Johnson was a monster you know he was a horrible president the worst president the country ever had I don't care where you said you think Trump is bad your propagandized if you believe that he is worse than Johnson was Johnson was truly the worst that we ever had so not only we have the war we had horrifically bad leadership post Lincoln and then a guy had to come in and just clean it all up see it was tough Charles could you please talk about what sets Hydra apart in terms of sharding it sets it apart because it doesn't shard it's a layer 2 protocol and that's the power of these things you want to do two things at the same time you want to have a path that if you have to shard the Ledger itself you can do that in a very explicit or implicit way implicit as sidechains explicit is what f2 is trying to do or they actually have multiple Ledger's and they're all interoperable and communicating with each other and spun up and down then you have to have a system where you can gracefully take transactions batch them and run them off chain outside of the system that's what lightning does and what Hydra is aspiring to do and so forth they are complementary so you can do both at the same time the advantage of a level 2 solution is it does not require soft and hard fork for card on them and the stake pool operators can run these channels and they're already trusted to be operators so they can reuse their pledge of bonds and these things to basically facilitate these state channels so we get that for free it's low-hanging fruit you can have competitiveness in the implementation it gives you a path to add X it gives you a path to entertain an or operability and it can scale to millions of transactions per second if you want to do that brain-dead obvious low cost super high return and you leverage years of prior results and research for these things in terms of ledger sharding super complicated the security of your system scales down to a third to a quarter you have to introduce a lot of usually trusted centralized infrastructure to bootstrap it or create fail safes as you're getting the system out and Byzantine behavior dramatically reduces the performance of the system dramatically so when everybody's honest the system is probably very fast when you have an event the system slows down that's why ghost and phantom and these other dag protocols didn't work out the way that people intended so it's not all it's made up to be in you get massive massive complexity creep into the system so if you have two options one is saying I can easily add this on it fits my consensus model I don't have to shard the base ledger and I get so much great stuff from it and it's low-cost high-return or the other I can go and have to do five years of research and figure a bunch of stuff out like f2 super complicated easy to get things wrong and I lose security embracing it and the end result is both systems will have equivalent performance probably better performance than the single shard system because you can optimize the base ledger and segregate transactions accordingly I would say Hydra is much better it's much easier it's much lower hanging fruit and that's what you get we have good system architects good scientists and their respect for the past when you're in love with your own ideas you get caught in a cycle of groupthink over and over and over and over and over and over again then at the end of the day you end up in a really bad position where you just in double down and embrace basically concepts that are counterproductive for being able to build sustainable ecosystems so we wish everybody who's doing this ledger base charting well but I think it's not the right time to do that we need another three to five years of foundational research to get to a point where it's very promising and there's certainly a lot of great approaches some people send me proposals from prominent universities asking for funding for their approaches and every now and then I get super tempted to pursue it because they're legitimately good at angles but let's not a lie to ourselves there's a year's worth a homework that has to be done and the dog is going to eat it more than once Hydra is ready to go in terms of concepts and in terms of theory it's easy to understand it's easy to layer on and it fits our topology quite well and you can implement it through a series of competing teams building competing clients they get client diversity and you can implement it in the sub million-dollar level for a lot of these proof of concepts and in the five million dollar level for our finished end-to-end product that's your complexity class your cost class and that means you can have multiple beds and then you can add more and more features like a Dex and interoperability and with Bitcoin and aetherium and you know all these types of things with that type of a system makes a lot more sense you know gradual escalation don't don't throw the whole baby out with the bathwater by the way my videos are always released under a Creative Commons license so feel free to clip cut them up repost them do whatever you guys want to do with them I don't ever make money from IP it's not my game just tell people that where you got it from and obviously don't edit them so that I peered like I'm saying something that I'm not yes you Alyssa says plant grant a slave-owner Alyssa says grant never had slaves try again completely wrong he actually married a woman who had slaves and he let him go he was against slavery from the very beginning he thought it was important so so amazing that people are so willing to completely destroy figures in history they don't meet up to today's standards then they're just horrible human beings forever and they should be forgotten and there's no wisdom to be derived there just remember that if that's the standard when it changes again all of us will be horrible human beings for future standards what if we decide that animals have human rights and so everybody who ate a steak is a murderer it could happen in the hundred years and then I guess we're all murderers and everybody should tear our statues down society changes are you scared of deep thanks defects have the potential to shatter society again with the control of the news it's very tempting to use that technology to edit people's comments to make them appear that they've said things they didn't say we already see this happening and people have caught MSNBC and CNN and other people with their hand in the cookie jar selectively editing things to make it look like somebody said the opposite of what they said really dangerous if you can make it look like they said something and people believe that because it's such a convincing fake really really really terrifying and then how do you fake it because then people say well I didn't say and they said well I can see it nobody believes it reality is getting valuable AC this is where people have been so propagandized but certainly Fox would never do that sure I probably have just cuz I pick on CNN MSNBC doesn't think that the right doesn't do its own things see you're so program that if you criticize one particular source and implies that you endorsed the other that is propaganda thinking liberate yourself free from yourself you know nuance exists in society nothing is polar there's no one side or the other side there is just objective reality and not objective reality and the people who want to control you the first victim on the pyre of control is objectivity they want to convince you there's no such meaning as objective truth everything's relative and at that point it's perfectly fine for scientists to say if you protest one way you won't catch a virus if you protest another way another cause you will because reality is no longer objective its malleable truth is just based on opinion subjective experience you know reality just made up in our own mind [Music] dressed series Drizzt Do'Urden was an RA Salvatore wrote those that's an oldie Japanese a5 Wagyu for the wind dry-aged even better I will give you that there are some amazing steaks in Japan you know one time I went I always said a hotel in Tokyo and I went to the restaurant and I had just come in from Korea I was exhausted absolutely exhausted that was my secretary at the time it was Josh Miller and Josh and I were just getting some steaks and I was just from Korea so I read it and said 60,000 yen and I was thinking Wan and I'm like Oh $60 for steak not bad okay so I got two one for him work for me cuz it comes in it is you know 120,000 yen and I'm like wait a minute this looks like it's too much this should be 120 bucks and it's like oh my god that was a $600 steak what have I done and I was like $1200 for this thing course they very sheepishly in a Japanese way silently put the check down and slide the the bill over and I said okay I guess I have to buy this that was probably the most expensive steak ever but my life it was pretty good steak but it was not a $600 steak I never made that mistake again but be very careful with your currency conversions especially when you go from Korea to Japan sometimes when you're tired your mind just doesn't work properly [Music] so your math guy thoughts on Eric Weinstein's theory of everything I'm not a physicist I'm not qualified to have an opinion on that and that was his whole point what he was talking about his theory of everything geometric unity it's so far outside of my scope of concern and studied taking you 5 years to understand what the hell he's talking about and how the only thing I can do is just say hey yeah you know do I like the guy do I think he's reasonable sure he's pretty smart you know I like Stephen Wolfram too and he's got his own theory of everything you know so I can just have faith in people believing people but I can't tell you what's heads or tails a great point on the truth is objective I just finished Jordan Peterson's 12 rules of her life and where he stresses this point yeah and his whole point is about narratives to wrote that chaos book back in the 90s and 12 rules was kind of his spiritual successor that was dumbed down and made it a little bit easier to understand it was a non academic book but yeah he's absolutely right there is objective reality and even if there isn't it's in all of our best interest to declare that there is one mathematics only works because we all agree that the rules are the way that they are and then we can build things assuming that those rules hold and we can of course decide if those rules are reasonable or not by looking if they have internal inconsistencies or so forth but at the end of the day you have to have consensus about things and some point you have to have consensus like who owns Microsoft you know who owns the house you know these are abstractions but we as a society need to agree to them and be absolute in those agreements for society to be well ordered and functioning if anybody's trying to disrupt or destroy society the first thing that they do is they attack the concept of truth and if they can get enough people on board with that you have chaos absolute chaos that's why the Russians use Internet propaganda they don't have horse the ride instead they're using asymmetrical warfare to make people not believe anything because if they don't believe anything then the authority figures the government just can't operate it slows everything down and makes everything more expensive it's basically the equivalent of a digital landmine that they're laying and information land I'm a meme landmine like for example this cop who kneeled and killed the African American the George when he was arrested everyone in the internet saying oh oh well the guy who arrested the mugshots don't match the police officer I just think of the levels of conspiratorial thinking you have to get yourself into to think that somehow the person who gets arrested for the murder is not the person who committed the murder it's like how do you even reconcile cuz the mugshot doesn't seem to look a hundred percent right compared to what you see there is that people I don't know about that it's because our whole concept of trust and truth and objectivity is so damaged that we're starting to distrust everything we see and if anything looks a little off maybe the angle is not quite right we just start saying oh no it that's not right it's not true it's not reality this is because of where we're at all the fake news the platform wars Russian trolls this that and the other there's a war on truth and objectivity and nobody trusts anything so we just kind of have to like think for ourselves and figure stuff out and the problem is that our thinking tools are atrophied if you ever really want to get some good skills on that Dan Dennett is a great author and he writes all these wonderful books on building cognitive tools intuition pumps and all these other things to give you a way of structured least thinking about the world around you the amazing Randy the skeptic Randy the magician who's a professional skeptic as another example I believe he's written some stuff too but he makes great videos on these things he's pretty old now I think he'd said his 90s but maybe he's dead I haven't looked him up in a few years but another example of that there are ways to think where you can actually if you're given all this weird information can sort things out then kind of figure out what the truth actually is or at least a reasonable approximation of it but those skills are purposefully destroyed or atrophied by the public education system by the media by propagandists by consumer advertising for good reason because if you don't have those skills you are incapable of thinking for yourself so basically it's just a game of getting you into a bucket and then they can put something in your head and they can control you whoever they is they can be a corporation they could be a government a political party a call to religion whatever it might be there's a whole bunch of people shopping for people to follow them okay and the least popular people in the world like this are the people who like objective truth and the people who build and refine skills to sort things out because they never tell you what you want to hear they never tell you the things that are satisfying and they often don't give you a complete answer to anything they use words like it depends and that's nuanced and well that situations a little complicated or there are many confounding factors or we don't entirely know and we're not exactly sure they tell you things like that and and people just want to listen to that guy they want to listen the other guy who says this is what happened this group of people this conspiracy this thing is the result of that look at the cryptocurrency space I have from my entire career in this industry told you guys over and over again trade-offs complexity science peer review it's going to take years this is going to take effort we're three years out here five years out here no one has a solution for this yet you cannot solve this problem or if you want to solve it you have to accept a trade-off that's not satisfying then my competitors many cases are saying five hundred thousand transactions per second we've solved a centralization look how amazing we are we know everything we figured out everything we're quantum this this and this and this and this buzz turn Buster and Buster and Buzz turn it is so unsatisfying to listen to me talk because I'm basically saying we got work to do you all have to grab some shovels and move forward and do stuff you listen these other guys talking they're like you get everything I'm gonna cure cancer give you a blow job make you so happy life is gonna be great for you just give me your and every I'll take care of everything else and then when they don't deliver no no I delivered or well there's this reason or this is why I can't work now or they just disappear meanwhile I'm the guy for five years been around writing papers doing stuff writing code and everybody says when Shelley we're shipping a product of its time and it shipped exactly when it needed to ship no sooner no later because it's finally ready and we're proud of it and we know it's going to do the job we claim no more no less the job we claim it is the first cryptocurrency that can truly do that it took five years of some of the brightest people in the world working together for year after year tirelessly towards that end many setbacks along the way not easy not easy and maybe a better team we're more organized team could have gotten in a few months earlier but let's be honest here it would have been two years earlier we just couldn't get it done there was too much complexity in hindsight too many things to think about and I said too many efforts to try to simplify things that that needed to be simplified in order for the system be sustainable and stable and we got there it was hard and we tried every bit of the way and every bit of the way we were basically said we're horrible iam beings were scammers we don't know what we're doing you're just a wallet you're just bad people and our competition made unlimited claims and everybody said their stuff will be ready tomorrow no it's not here steam gets taken over this happens that happens you see so the truth is not sexy objective reality is not sexy it's not sexy selling hard work it's not sexy telling you the things you don't want to hear but would you rather have the doctor that tells you you're fine or the doctor that tells you you actually do have cancer you might not want to hear that but you need to so that you can figure out what to do about it and similarly would you rather have people around that tell you the truth no matter how much it hurts and how objective it might be and it cuts in all ways or do you like the people lie to you until you sweet little lies and you get what you deserve that's like for a good one to get one to end on Jeffrey Epstein didn't kill himself I agree with that I agree with that thank you for being a sponsor of Zuri hack 2020 I love Zuri hack it's good to be a sponsor its best Civ games sub five so six is weird yeah you like varus oh it's a beautiful painting isn't it did I get to command and conquer remake no I haven't had time for games for a while have you talked with Rampal lately I have not you know Carol is also such a wonderful person she makes such great cookies Ron is getting old I love that man I truly do but his son has really taken over a lot and and for good reason I'm Rand is everything at Ron aspired to be and I'm very proud of Rani I think that he's a perfect successor to his dad bad perm no comment on the hair I can't come on out of hair guys come on now come on give me a good question and done okay guys here's the thing about price if you keep talking about price in my a mas I'm gonna stop doing my AMAs that's that so it's up to you you know I have no desire or inclination who the hell knows a whale could be exiting could be a random event could be market manipulation could be portfolio reallocation for somebody nobody knows I don't know I don't care to know and I'm not going to talk about it so you keep asking about price I'm gonna stop doing the a.m. eggs uh you know I'll probably have a happy middle ground where I have the admins just erase all price related comments and if they keep going on then you know what I'll find another way to talk to the community maybe I'll have you guys ask questions ahead of time and read it and I'll have the ones that aren't price related switched out but if you want a live AMA don't ask about price it's something I don't care about I have no control over and is ephemeral to the moment if somebody was watching this five years from now would they care about the price that it was today did it matter if you're watching some historical film on Bitcoin file that was made five years ago do you particularly care that Bitcoin was at $1100 that day come on you know not I'm ending this to build stuff and make things great if you're in this to get rich go to a different channel there are plenty of people who talk about that and that's their entire reason to exist and you can go and sell your ADA when it gets to a high point and if you made a profit go buy something nice with it and then convince yourself you're real smart and you'll still be a slave to the various I'm attempting to liberate you from okay if that's the meaning of your life and that's what you aspire for and you'll think you're a big human being because you got lucky or you think you're smart you made a little bit of money off this magic thing called crypto you have completely missed the entire point of the life work of many people in our industry and I'm sad for you because you're the very same people that are chaining yourselves to a desk to basically be slaves for the rest of time that's life you want to live as those are your priorities I don't have any time for you I really don't my life is much better without even thinking about your existence Charles appending a list of yous that by John William Waterhouse it is a Waterhouse it's from 1910 I think I can't remember the exact date but somewhere right there in the turn of the century would you ever collaborate again with Vitalik Buren I don't think so you know vitalik he just has a different way of doing things and we work very differently we think about the world very differently we prioritize things very differently he's quite obsessed with never dying and never growing old you know think he's even donated to Life Extension Tech we just look at the world very differently I like him as a person and I think that he's a fundamentally good human being and I think that he will continue to do great things and the people who follow him will be rewarded for that loyalty but because we think differently and we do things differently I don't think we can collaborate Karev productively sometimes Paul McCartney has to break up from John Lennon and they can both go on and do stuff his pickle ripped the peak of comedy I don't know that vat of acid episode was pretty [ __ ] amazing I like the African mass in the back of the wall are they legit from African tribes yeah actually that's agony and mask the circular one the central mask is a Nordic one then I have Venetian mass my Celtic mask and some Nepali knees mass I have mass from all over the world okay one question to end it what should we have Cu or CSU who's your team I was a buffalo guys cu-boulder I went there unfortunately during the Hawkins era so we didn't have a good time but yes we always beat CSU go see you looking for that one good question ended sometimes you get it and sometimes you don't favorite color is black we like crypto mom come on give me something good okay guys not seeing anything I really like okay all right well have a good night everybody you know it's a lot of fun I always enjoyed these talks you know two hours we get to go through a bunch of stuff anything you guys want sometimes cardio sometimes something else but you're a great community and I do have a lot of fun sorry about being so snarky about the price it's just that it's just you know it adds no value to anything and it doesn't really it's really nothing we can talk about and I'm as qualified as than anybody else to understand why these things go up and down we have good days we have bad days some days they're bad day some days are good days I've been through many of them because I've been in the space a long time the best days are the days when you actually accomplish something you build something that's never been built before you inspire people and you make people believe that they actually can take control of their own lives and you see them do that small steps but meaningful ones and a thousand small meaningful steps turn into quite a journey so that's what we ought to focus on and that's the point of things that I do and if you don't like those well as I've mentioned there's plenty of people in the world that talk differently and they'll tell you exactly what you want to hear and you'll wake up one day and realize you're in the same place and you won't have anybody there because the ones that listen to the other guys they they are somewhere else until next time my friends Cheers
