[Music] hi this is Charles Hoskinson podcasting live from warm sunny Colorado it's Saturday night and it's time for a lovely wonderful MA and I hope you guys are having a great day great weekend hope everybody's enjoying themselves it's been a very long week and I'm very proud of the things we've done as I mentioned previously in my quick podcast that I did on periscope we've done four releases in 17 days and not to be outdone we got two more releases coming next week we're probably gonna do one more flight candidate all things considered and then we will do the main net release for Daedalus on the regular version of Daedalus which will aggregate all the changes that have rolled up through the month of April for the flight program and that means all of our users will be on the new byron reboot code so look for that we're so excited about it Linux Mac and Windows it's as I said many times before 18 months in the running and it's just great to see how quickly the flight program got out how many people downloaded and stalled and played around with the software I've seen sync times ranging everywhere from about 30 minutes to 2 hours massive improvement flight candidate 1 & 2 a lot of people myself included on Windows my surface studio took about eight hours to sync I just synced a copy of flight candidate for today just to do a benchmark power in 10 minutes down from 8 hours an hour and 10 minutes how about that you guys excited yeah I am so it's just great that we found several bugs along the way and we fixed those bugs and hours and days used to take us days two weeks to fix bugs okay the case is months because of the way things were architected and built it was just really hard now we find something we could do memory profiling we can just like look at the traces everything is so easy just so beautiful and that's a testament to the great design in the beautiful architecture that we have of course after I did my whiteboard video good response from that some people are still trolling and saying oh well this means Shelly's never gonna ship or you're lying or you should be sent to jail it's getting almost comical now guys really getting comical we have a step-by-step plan i we're getting some stuff wired together right now if you look at the node the 23rd is our next major release of the node internally and externally and that's going to pull together a lot of the shellye components in preparation for the friends and family test net and then probably another two weeks to pull the CLI components into that so if we continue this velocity the Shelly Haskell test ants are fairly imminent and they're gonna run really quickly it doesn't take a lot to pull all of them together if you look at the integration of the Haskell node with the Haskell wallet back-end that's about eight man weeks of engineering effort required there and it can be parallelized and there is a fairly large team on the Haskell wallet back-end so probably about four to six weeks of effort to finalize that last component so overall things are in a very nice envelope and what we thought was going to happen is happening and we're all within the release bands that we feel comfortable with so a part of this is gonna really have a lot of fun at the end of this month and we're gonna talk about a lot about deadlines you know we're going to talk a lot about the things that we're building and where things are going to hit but overall that's the path the whiteboard video and we're following that path and so far it looks like it's actually gonna be well a lot of work a pretty straightforward journey and given that we're upgrading a massive cryptocurrency bringing tens of thousands of nodes from one configuration the other going from federated decentralized a million different things can go wrong the fact that we've been able through careful planning in a systematic effort to get to a point where it's a graceful upgrade and it does not disrupt anything and it allows hundreds of people to take over something that was previously led by three companies that is probably the single greatest achievement this year for any cryptocurrency and I'd love to see aetherium with f2 and their upgrade path I highly believe that they're gonna have two tokens at the same time the original aetherium token and the f2 token and they're gonna compete with each other so we wish him well there but I'm feel real good about the Cardinal upgrade really good and it's a it's a good path that we can use for all future upgrades and things things are pretty much on Rails alright let's talk about your questions huh let's go for your questions how the hell is your beard back already it grows fast so does my belly in my belly Charles please clean this room up it's triggering my OCD yeah it's the old Jordan Peterson clean your room make your bed right and also Admiral McRaven and I agree completely I need to do that I'll make it a project for tomorrow all right first question from Emer Mansoor how can Cardinal stinking run forever with limited coin supply this good question so the first thing you have to understand is that the incentives of running a state pool will increase over time so right now it's just the raw payment of ADA but because of the way we design multi-asset one of the things that we can open up is that other assets can pay their transaction fees and potentially offer inflation to miners for mining them so there is a potential in the foreseeable future that a state pool operator wouldn't just be paid an ADA but potentially could get a portfolio of issued tokens offers for facilitating their transfer so that's one dimension second dimension is that state pools will operate other services like Hydra channels potentially Oracle's and other layer to infrastructure and every single one of those operate on a toll model so as they're used they generate revenue so that's going to be another profit potential long term for stick pool operators to derive funds from also every time a transaction occurs in Cardno there's a transaction fee so just like Bitcoin there is a decrease in the inflation and over time the transaction rate increases and then transaction fees will pay for that and transaction fees are a reallocation of funds so Alice and Bob send transactions those fees go to the state pool operator inflation is a universal effective global it means everybody who holds ADA is slightly diluted from the inflation so that's how that will basically run if there is some issue where more inflation needs to happen the point of a Treasury system is be able to adjust system parameters and so if a supermajority decide there'll be a mechanism to change the monetary policy of Cardinal for whatever greater good is decided for example being able to pay for a huge event like building a satellite network or increase the inflation inflation metric for mining because there's not enough participation these types of things so that's the great part of having the voting system the Treasury system is that you have a regulation valve and what you can do is you can use that valve through a democratic process and you have to make sure that there are checks and balances and you can't change major parameters without overwhelming consent and it takes a lot of time to do that but there's a mechanism to do that and so these things together the fact that state pool operators can basically do more than just one thing the potential for other tokens to pay transaction fees in the native token to state pool operators for processing their transactions the the fact that transaction fees will increase because the volume of transactions will increase on the system meaning there will be a lot of transactions to pay and then a worst case scenario inflation metrics can be adjusted I don't think there's gonna be any problem in fact I think it's going to be the opposite it's going to be a very profitable role being a state pool operator it's good good business to be in and there's certainly a lot of work to do ok hello from rado Springs hello from Longmont Colorado favorite rapper was that Rick Ross because I'm always hustling just kidding are you looking forward to that Jerry Franco Scott OSA and Roman tell Aaron to bring improve I which King card on oh you know Jerry's done great job Jerry our commercial director and Roman is our CTO it's funny when a Roman came on board there were a lot of people who said oh well I which has hired a new CTO it's just a great in general the media in our industry is terrible absolutely terrible we didn't hire a new CTO we never had a CTO I was the CEO and CTO the organization so we've gotten so big we're over 200 people there's so much going on I said I I can't do both roles anymore we're expanding and growing so let's hire CTO so we hired Romain and he's done a great job coming on board it's probably the most complicated job in the entire organization because you have to be a scientist you have to be an engineer you have to be a manager you have to be a commercial guy there's there's a lot there and he's handled that with grace and dignity and he's been able to manage some difficult personalities and not let people walk all over him at the same time he has a lot of empathy for the people under him and he's done a lot of things I think that have definitely improved process and morale so we're very lucky to have a good CTO and we're really lucky to have found him he's he's a wonderful human being all right Rick says well we need to re-enter our 12 word passphrase for the Shelly wallet most likely yes we're still working through that user experience side of things but there's going to be an address rotation so we're going to move from the old-style addresses to the back 32 addresses and we have a completely new wallet type so create of a new wallet is probably going to be part of that migration path so I will talk to Darko about what they've decided to do for the final user experience but it's safer it's it's there's some technical reasons for this the old addresses are not so good and they're very big and the old wallets have a lot of kludgy legacy issues and all of those have been completely resolved with the new Shelley design and they've been thoroughly vetted so probably the user flow will be that you'll restore your wallet into the new Shelley design and rotate to a new wallet and that will be delegation ready on the back 32 address structure but what we'll do is we will have a test net available for that the balance net test net will show that and there'll be a transition process with the balance check test net just like with the ITN and that will give you ample time to be able to know what the final user experience is going to look like and there'll be tutorials and guides and step-by-step stuff and videos I'm showing people how to do that but the good news is it's a one-time event and we're going to permanently stay on this address structure we're not going to migrate from back 32 so this is probably the last time anybody's going to have that event where they have to do some form of rotation rotations are also very helpful for us because we see transactions going from the old legacy addresses to the new Shelley addresses what this effectively does is it gives us data on how many people have migrated because we can actually just watch the blockchain and see migration transactions occur so there's an analytic reason why you'd compel people to do that in addition to some security reasons and some usability reasons and so forth it also is a good way of making sure that people have written their keywords down for some reason there are some people that don't do that and they there's never a case where you don't regret it never yeah you see this comment from Horry Barbosa I say ik not Jorge but this is one we're here from na n io HK has released new paper called optimum waste delay your project it's like guys where the delays now oh you honestly tell me where's the delay been the last few months hasn't been honestly there's not we're pretty much on target for releases in 17 days wake the [ __ ] up you're behind you're the ones delay you haven't read anything recently you see we've changed things we're moving in fast we have great code now real fix bugs quickly able to add new features quickly the flight program we release as done minute it's out its out you know there's no friction anymore but people don't really understand that they just they just want to believe things take six months or a year doesn't take that long anymore and the proof is in the pudding when we ship shelly what are you gonna say i mean honestly you're gonna look stupid all these people saying i should go to jail i'm a con man we're a big scam we delay delay delay delay shelley's never to ship shelly 2020s to the minute we ship it all your comments are on the internet and they live there do you think our community is gonna be so forgiving they're gonna take names they're gonna remember you they're gonna remind every single person when shelly ships that have shipped and then what do you say what do you say remember the internet does not forget it works both ways and we're delivering now I can be confident because I actually see the code I see the software I see the roadmap and god it's a lot of fun to watch you go out every week to two weeks you guys on the other hand you're obviously incapable of paying attention you don't know what's going on so you're really getting into the reputation risk area and no one will ever trust you or believe in you again and you're gonna look like an idiot and by the way just for the community you guys do take notice that the people say Shelly's never gonna ship take names and what it does ship remind them really do it's very therapeutic it's gonna be fun hi Charles how does card out I'll handle fee adjustments what if the price goes up and fee based on that we actually experienced at 2017 when it went from five cent to eight a $2.00 20 ada so feed parameters long-term our hope is to build a formula to dynamically adjust them that's an example of something we could do for the next scope of work the next three to five years beyond 2020 if the community wants us to stay but in the short term the best way of handling that is using the update system and basically voting on fee increases or decreases through the voltaire framework so when Voltaire comes online the community can basically manually set it through updates that happen as early as quickly as one print epic so that'd be one every four to five days if the community wanted to do that or you know more realistically probably quarterly or whatever but it would be nice to actually have a formula that could dynamically readjust fees once eight is capable of understanding its own price and there are ways to do that but it is complicated so that he has the power to do that with Voltaire to change that system parameter alleged cold wallets takings update yeah we're working on that the foundation has contracted an entity I think it's vacuum labs I can't remember which one it was and I think there's a 90-day scope of work to do all the ledger update and there's two major items there above the Shelly support one is the cold staking component and then the other is going to be multi sick with a ledger device and I hope we get on ledger live as well that that's really nice on our side the average case side we are going to build legend into Daedalus and that'll come in probably they're a three to six weeks depending on how fast Daedalus flight can take off and it'll hit Daedalus flight first and then we'll drag it into our GUI prior to Shelly launching so it just depends on how fast Darko can do things card on a possible ID 2020 back-end contender prism certainly could be [Applause] okay hi Charles of the Plutus API is scheduled to arrive at Gogan lodge yeah there should be a big pile of Plutus stuff including all of the off chain infrastructure as part of the Gogan lodge right now we're having a big internal debate about doing a Shelly 1.5 and basically separating multi-asset with its own DSL and having multi-asset as an update to Shelly as opposed to Gogan so we can go from a single to a multi asset ledger and also use it as a way to roll in extended UTX oh it's a good way of testing extended UTX oh and it's a good way of testing some things in the ledger prior to actually getting full Pluto sound so I have a product project manager we just put on top of Pluto's because we're moving Pluto's from an academic project to a full scale engineering project and the team is getting ready to basically converge the same types of release cycles that the node is running on and the other guys are running on wallet back-end and Daedalus is running on so a lot to do we'll have more for you and probably May about that a partner will likely do an update not on April but May on some Gogan specific things and at the Shelly launch event were certainly gonna have a very big gokhan presentation and hopefully by that event we should have a clear roadmap for exactly when we want to roll Gogan out so things are our predictive capabilities are growing pretty considerably we're getting much more foresight into where we can do things and how long it takes to do things did you do is a death adopting some of cardano's code no their hatred of me and their inability to read our papers seems to work on our best interest even though it would definitely D risk f2 they've decided to just keep going their own way and discount us you know next year it's gonna be the biggest mistake they ever made they haven't touched a single line of her code they never talked to us never contact us never reach out to us that's just how a theorem is that's their ecosystem yeah you say I'm full of myself but guys we did do five years of research and right 60 papers for some reason there's some people who they have this mental block and they seem to think that unless the price is 25 billion dollars and you know the code is fully written it's worthless but guys if I have a cure for cancer in a vial or written down on a piece of paper isn't any less valuable as long as it works you understand the intrinsic value of that thing and we spent five years basically building the best technology Bar None it's a fact it's there from performance to a path to scalability to how we're gonna handle interoperability to how we do updates how we thought about on chain democracy these things are here and we went talk to people all across the world more than 50 countries we have 200 people at AI which k dozens and dozens of Engineers working every single day and various different aspects in each of these areas who think about nothing but this there has never been a project like this in our industry and no one has worked as long in our industry on anything like this so yeah yeah damn right I'm confident in my technology because it works it's amazing and when these things start rolling out of the market aetherium can't touch it and they're gonna have a really hard time because every time they try to do anything they're gonna endure bureaucracy fragmentation a lot of actors pulling it one direction or the other direction because they want power or money and that slows them down and they have no on chain way of deciding what things are going to be so the only thing they can rely on is a cult of personality around a particular person that's it that's all they got just like all these other coins so I wish him well I really do but I'm not optimistic I'm very bullish on the things we've done I cannot see the stake pools and that I tend for weeks now do you know why no Steve I don't maybe you should take your blindfold off dude just think for a minute ask yourself ask yourself this I don't know you I don't have your computer here I don't have any logs here the bug you've just reported is not a common one we're not seeing a lot of that they helped us so do you honestly think you're gonna get an answer like really do you do you honestly think that I'm gonna just sit here and be like a well Steve here's what you need to do type this command in and it's gonna fix everything come on man you know there's a process we have a helpdesk if you're having an issue submit a ticket there's also telegram channels and there's well more enough staple operators to help you figures things out if you're unwilling and able to use those services then you're probably not the ideal person for the ITN it's a test net for a reason oh there's another one nein what happened about the presentation done by Charles and Duncan at Google we got invited by Google to do a presentation so we went and did a presentation at Google where we talked about crypto currencies and Cardinal and they said wow that was great and awesome and we took some cards and left then after we did the presentation at Google some people in crypto media basically took that and they wrote this whole thing trying to apply that there's a partnership between Cardno Google you know and this is just as the sadness of the state of crypto media it's terrible it's absolutely terrible everything you do is an article every tweet is an article every interview is an article every ama is an article and of course they never get it right they just say stuff and then people read it they think things that aren't true Google doesn't partner with people they conquer people and absorb people and there's certainly a lot of nice engineers if you will they're fun to talk to but they don't need us they really don't they don't need anybody basse they're just going to do their own thing attitude show the community is more than just a wallet if you're not convinced now get the hell out of the ecosystem so all your a believe leave you don't know [ __ ] get out you're just thinking it's a wallet you haven't seen it's not a wallet get out you're an idiot you were born without a brain oh man I'm having fun tonight guys I really am you guys you guys he just there's there's some people in this space they they just cannot admit they're wrong and they double down on lies they double down on stupidity they double down on rumors and misconceptions and then when you show them the evidence they still will not talk to you believe you you know if you think we're just a wallet you're just you're just stupid you just straight-up stupid that's that it's true everything is an article raging bull it really is every tweet there's like an article now every AMA there's an article and they never get a right or they just go on a crazy direction how will card on oh I'll paste Algren how will al grant I'll paste card on oh I mean we're moving faster than these guys were significantly more valuable we have a much larger network effect we have a much clearer path to commercialization we are already in existing marketplaces with strong mo using commercial relationships and we have a much broader cryptocurrency what do they got we're two years ahead of them I respect the team and the technology and I think they have great engineers but we're two years ahead of them and we're not slowing down we're speeding up so no they got to catch us oh we got a Tazo sky you could have said that about Tasos last year you kind of said that yeah good luck with that guys we have yet to begin to fight come on guys let's have a fun one Charles would you ever teach another you to be course about Cardona you know I would love to do an update of Bitcoin or how I worry learn to stop worrying and love crypto and basically talked about all the things I've learned over the last seven years it'd be wonderful a heck of a lot of fun I could do a lot of digital whiteboard videos and talk about philosophy and actually get into formalizations and actually specify Ledger's and things like that it would be an enormous endeavor and you know after we start closing off the card on a roadmap for 2020 I'd love to take a little bit of time off if I have it and did I be able to do something like that but I think realistically what's gonna happen is we'll get drafted for another three to five years and I'll be too busy getting all that set up but you never know I have a CTO now so maybe I'll be able to commit to it but I would love to do that that would be a lot of fun as Hydra considered a layer two solution as some have claimed claim yes it's always been a layer two solution so it's on top of the blockchain that's what makes it so nice it works in parallel with the existing consensus system it doesn't require a hard fork to operate it's beautiful you can add at any time we need it but we fixed all the problems lightning has what happened to beef Jane never heard of it since 2017 this is another great thing and then I hear it mentioned the other day and they discovered there was a reference to it a year ago what happened since guys beef chin is operating there a real venture there in Wyoming Taylor Lynn home runs beef Jade we've been consistently working with him our commercial team and our professional services group talks to them and they will deploy on Cardinal it's a done deal they're part of our go bean launch portfolio so yeah it's been it's been going you're building stuff takes time six months to a year in most cases if not longer so when people when people when people sign up to work with us we of course work with them but then there's like lots of meetings and lots of engineering and it's a it's a process we don't on a daily or weekly basis talk about it as we're talking about it 2017 the first time we mentioned beef chain it was respected the cardinal ecosystem was in 2019 at the I which case Summit April so I don't know where you're getting 2017 from really don't maybe they were around in 2017 but they had no cardinal relationship at that time hi Charles why pollachi an instead of DAG okay Jago tell me what what would a dad do for us why would that make us faster do you know do you have any reason or did you just talk to the iota people and I said dak dak dak or the Ava people and they said tag tag tag and just assumed it's better data structures or that they have a place and a purpose and they do them things for you we would not gain him any appreciable acceleration changing our architecture to a directed acyclic graph over a regular blockchain structure no advantage at all in fact it probably slowed us down well Bart when I say I'm insisting on no delays and development I'm talking about today there have been historical issues where we've had to take more time than we thought and we had to throw away an entire code base that we were originally planning iterate on and the original scope of shelly was a lot smaller than the scope of shelly today because we realized we had to add more to actually truly decentralize the system it's called product reality you know and that's how it works and Vitalik butor and learned that with aetherium - he thought caspere would be out in two years how'd that work out for them where's Casper who did buy their time frame 2017 POS beta rolled out 2018 POS main net they're already two years into their scalability solution and they've been celebrating two years mining free right wrong didn't happen it's gonna happen this year maybe maybe not welcome to engineering welcome to science it occurs what matters is have we gotten past it and are we in a position where we're actually executing reliably on a thread that is predictable and the answer is yes and you can see that with the bio reboot you're gonna see that with the upcoming Shelly releases as for the past it is what it is we couldn't do anything about it we tried best effort wasn't like we were just sitting on a [ __ ] couch literally everybody was waking up every day stressed out of their mind working month after month trying to get these things done and trying to find creative ways to solve the problem it was one of those painful decisions of my career having to throw away a codebase I paid for and realizing that we'd lose at least six months to a year turned out to be eighteen months of effort as a consequence of that it was also painful seeing reports that were coming to me the CEO of the company and those reports were inaccurate about when things were gonna hit when they were gonna and how they were gonna hit and what do you do about it you just say all right well we can complain about it we can cry about it we can belittle man-children about it or he can suck up and go and solve the problem and that's what we did we solved the problem some people had to be fired some firms had to be let go we had to change some approaches we had to pivot on a lot of things we had prune some things from the roadmap way to get more focused and that's how commercial products and projects work when Vista was under development they had a clip when FS there's dozen little things like that to get it to market similar when the eight 787 was being built by Boeing there were a lot of things that they wanted to put into that plane they just could not put into it and end up in the 737 max in the 777 X and that is how product development works as I've mentioned many times before more often not you guys don't see that but we did this out in the open we did it transparently and as a consequence it meant that you guys got to see the good the bad and the ugly and we were very clear all the way throughout them we are making best effort and when delays happened we explained them and we didn't try to hide from them but that's never gonna be good enough who the hell is this da Vinci j15 guy I keep seeing that people say hey any comment on that he's a loser he's just some guy I've never met him I know nothing about him he obviously doesn't have a very large audience or else I wouldn't know about him and if he's criticizing Cardno or saying something about car da why do we care if some misinformed or under informed dude over the Internet has a poor opinion of our project is that really gonna hurt us like I yeah am I gonna wake up tomorrow and be like oh man I didn't sleep last night some guy over the internet said bad things about me or didn't understand the brilliance of what we were doing no guys you shut everybody up by doing the work and releasing and showing success that's how you win so stop worrying about some random guy over the internet you know just send him links to the work we've done send them all the content the I which get YouTube page the blog send them a link the flight our github repos if he's a real person here's what he'll do he'll do diligence and when he sees it you'll say there have no projects in the entire cryptocurrency space that have done as much work in such a short period of time as our project and have as much potential as our project if he's a not a real person he'll keep his original opinion that's how you fight that and there's no work on your side other than bundling together some resources I Mike Tyson did not say cardano's sucks I've even been to Mike Tyson's old house I like Mike Tyson he's a good guy thank you for the hard work you have people on the ground in Africa yeah I do have people around the effort they live there and they've lived there since 2016 his name's John O'Connor and all the people he's built there every single day they go to work yet mo we use talk to people we have people in Tanzania we have people in South Africa we have people in Ethiopia people run around Nigeria we have all these ambassadors and community evangelists running around I know a lot of heads of state as for a con you know good for him some dudes got a token great and you know I was at the president's sons summit in South Africa a con committed to go there he decided to try to shake people down for money and not show up you know so there were a lot of people talking about Africa there are a lot of people talking there's tons of talk talk talk talk talk talk we we have this MOU we know this guy we can do this and great and the key thing is you ask yourself where's the next m-pesa has it happened you know you first off you have to be serious about AG tech if you're gonna win in Africa or any of these guys serious about Ag tech are they doing anything in agricultural technology on the supply chain side the identity side the voucher side to tracking tracing fertilizer they tracking and tracing subsidies the farmers are they helping with mechanization so farmers can buy farm equipment or have fractional ownership or Lisa rented dealing with those supply chains which are very difficult doing anything inactive no okay still a big chunk of the entire continents economy is to connect to tak-tek that still where billions of dollars are flowing in and out are they doing anything Natural Resources yeah sure everybody's got a gold token right the mines don't exist you know and somebody's gold it's never been audited the government says it's there sure yeah got some land I want to sell you to yeah okay so are they doing anything real in natural resource to sustainable mines okay a sustainable project financing for these things so it pays for not just building the mine but also the end of life and being able to clean it up after they finish and making sure that the workers are paid fair and treated safely and they're not treated like slaves like what the Chinese do nope nobody's doing that guys we're there I live with these problems that reports every single day we talked to the UN we talked to dozens of different NGOs we're fully aware of these problems and we're fully prepared over a long arc of time because every single one of these things takes about three to seven years to actually do something real to get our products in the hands of the people that matter the people the diaspora the farmers the people who will one day wake up and have real wealth and be in the hundreds of millions but you have to have patience you have to earn your respect you have to actually provide real value you have to be prepared to have huge setbacks you have to deal with changes in regulation capital controls you have to deal with a rule of law being shaky sometimes you have to deal with regime change you have to deal with the fact that sometimes your projects attended are politically dangerous for example if we build a voter ID system it allows certain countries to have a census if they have a census then they're allowed to have their elections but what if the ruling party doesn't want to have elections well sudden that thing that we thought we were going to roll out two months ago he's been delayed for two years okay so you know you're gonna see all the time these guys from Apollo iconic Rana they just claim and claim and claiming claiming claim and claim I don't run into him and I should because we're there we're building and we wake up every day and we know everybody pretty well and they're not talking to the same people we're talking to and maybe they have their own set of people but the proof is in the pudding no one owns that continent no one's gonna on that continent the point is to get the technology there and let the continent decide its own path hey Charles can you give any updates on Voltaire or the voting system oh I could oh I could but I'm not going to we got a lot of cool things are more than 10 people working full time right now unfold hair and they are doing amazing things d'Or is a brilliant product manager and there are some good engineers there the entire ITN team has been moved over to little tear and they're just doing some crazy good stuff so I'm gonna leave it to them to make their announcements and that's going to be a nice surprise for you guys sooner than you think or any the employees being laid off or furloughed and UK due to karana 19 nope we have them laid off a single person due to Corona going strong when will we be able to install car down on a rock pie when we actually create the Haskell test and we're going to talk to Marcus about embedded devices and low powered devices we're really gonna try to see if we get to work on a rock pie and get it to work on a Raspberry Pi I do believe it's possible it's gonna be a little tight but it should work it really should work so Marcus is the guy that's really good at that stuff and it'll be something that the friends and family test that does I before we launch the public test net and that'll be really cool but I'd love to see it on like an Intel compute stick or on a Raspberry Pi there's no reason it should run the performance profile shows that it could fit into that envelope yes I'm very happy Falcon about McCann and they're working their primary output for the first generation of this stuff is going to be the Cardinal org refresh and then there's going to be a lot that flows from that but one of the most important things we can do is make sure that we have a big media campaign we get on Wikipedia and we have a single source of truth for Cardno and that we really focus on producing certain types of content like for example y or boris is amazing and we have a few months to get all these things together with that relationship and they've been helping us a lot to not only get that stuff done but then also to talk a lot about how do we do brand differentiation on the enterprise side so they've been definitely very useful for us and I really like what they've done it's blockchain really even good for anything besides a currency yes see my prior videos for an answer there's about 400 hours where I talk about that how will the development of Marlowe improve now that Simon Thompson working for I which K as a lead will get more and then also Simon can build other types of DSL so we can do non-financial dia cells so it's really nice to have a DSL expert and be able build a nice DSL team hi Charles is 2020 still the target of Maine that Shelley yes you idiot yes [Laughter] okay yeah you see Bart he didn't read he didn't watch my last video what are we shutting down the I which came notes on the rust ITN we're gonna shut all of our ITN nodes down with the balance check test net because that's the last opportunity to actually pay out anything right so when that hits we're shutting it down as I mentioned in my prior video watch the videos keep up come on guys give me something good the stable coin debacle yes so there's a lot of people talking about regulating staple coins so there are really two different classes of stable coins so there are asset back stable coins and then there are algorithmic stable coins so asset back stable coins those are stable coins that basically have a promise behind them so for example teather they say okay each of these tethers they should be backed by a real US dollar somewhere sitting in a bank now the problem with full or fractional reserve money is that you are completely at the mercy of the custodian and the person making the promise okay so historically every single time this has been tried it has failed in the long term there are no exceptions given enough time in the nineteenth century there were over 200 private currencies issued by banks throughout the United States every single one of them failed because it's too much temptation there's too many things that can go wrong when you have a backing behind an asset even the United States we backed our money by gold with the Bretton Woods Agreement and then in the 70s Nixon said yeah we don't need to do that anymore and we just took the gold away and we said the US dollar is now not backed by anything okay so I'm not a big fan of backing something buy an asset to make a lot of sense when that asset requires custodian risk and that asset can be decoupled by a central actor so then I'll go coins those are like the maker dows and these things and generally how those work is you have some stable and something that floats in the thing that floats has an upside and a downside and somebody takes the upside but they agree to take the downside and as long as that is is somehow bounded and people are able to operate within those bounds then the other asset doesn't have an upside but it doesn't have a downside so it's volatility is very low but as we've seen with liquidations and maker Dow that hasn't worked so well in practice I tried to do it too dan Larimer first project I did in the space it's called bitshares and we had this thing called the bitusd did not work so algo stable coins super hard super difficult however they can be tremendously valuable if you figure them out for example if we create an algo stable coin that was backed by ada or some construction involving ada then it would create gargantuan amounts of trading and demand for ada if the stable coin was successful because the only way to generate them would be to have some sort of a de component for its generation so if it becomes like tether and it has billions of dollars of daily turnaround and billions and circulation of value it would actually push the value of haida up so it makes a lot of sense to try to create an algo coin where your backer is the underlying asset but they actually get the monetary policy right in the economics right no one's ever done it and so we do have a team of people led by bruno paleo who are just examining these things in general and seeing what we we could conceivably do and we have a lot of ideas that have been percolating for the last seven years but it's a very challenging thing but it's the single most valuable thing we can do in the cryptocurrency space long term because it's the only way to do lending it's the only way to do insurance and it's the only way to actually completely decentralize our cryptocurrencies there are needs for stable assets merchants are not currency speculators they need stability if they're going to conduct commerce and furthermore if you want to onboard people and have them stay in your ecosystem holding an asset that's not volatile is a very important thing and it's a very powerful thing so it's something we think a lot about but it's a lot of work yeah it's something that will come over time if we can figure it out Charles would you want AI which K to continue working on protocol upgrades after 2020 guys I got another five years in me I really do I'm a young guy and we have the best team in the world for building cryptocurrencies and we got all our problems fixed so we're moving faster than anybody else you'd be stupid not to have her company go and given another shot because what we could do with another five years is unbelievable I mean in five years we went from two guys to 230 in a gigantic effort in ten labs and 60 papers and a million lines of code and having to make a lot of mistakes learning how to get all this stuff done and now we have this mammoth engine and if we're not voted back in then I have to disassemble that mammoth engine so then somebody else has to come and figure out how to build that all that capability in that capacity and that domain expertise back up and then propose an alternative roadmap it would be a travesty it really would be the people I have in my team they don't want to stop working they want to keep working they're fired up they're ready to go so this is one of the reasons why we're going all hands on deck getting Volterra where it needs to be because it's super important that we get that voting system out as soon as we can and get Shelly and Gogan out as soon as we can so that people can then vote and I believe I really strongly believe that the community will decide to keep by which cater out terms of what we'll do we'll take it from the best cryptocurrency to the best financial operating system the world has ever seen that really truly can support billions of users it really truly can basically be the engine of all the value transfers of the world we really can go and give it a fair shot with another five years given that what we've achieved with these five years and the team that we have so we'll make the case we'll put the price tag on it and we'll get that voting started as soon as we can and if the community wants us we'll stay if they don't want us well then unfortunately I'll have to disassemble this engine it is not cheap it's very expensive of people they're the best they there's so many PhDs here there's so many talented engineers and scientists and this is not a charity you know the whole point of a treasury system is that the system can pay for its own maintenance you should never have a system where you have to rely of people being nice or goodwill or beneficence because you're just PBS at that point you're the National Public Radio at that point begging for money on a telethon every six months hoping to god you'll get your funding it's not sustainable and it's annoying as hell no you should have a real commercial system and if cardano's really valuable should be able to pay for its own bills and it should be able to afford the best engineers in the world to take it make it the best system in the world we think with the Treasury system we designed there's a path to do that and it's the community's decision whether they want to do it or not and if they want to go in a different direction okay that is true too centralization you know the freedom to decide the freedom to pivot the freedom to fire the founders the fee that freedom to move in a different direction or the freedom to double down on the things that they think are valuable and our job is to make the case and your job is to decide if that cases has been made or another one is is better Jim Lewis what was Eric Weinstein's theory I'm familiar with Eric Weinstein you're talking about the the mathematician and is he talking about the simulation hypothesis or what was the what was the thing he was talking about [Music] tell us about the new masks I've had these for years guys they're from Nepal and from Africa and Venice I used to go to Carnival is the doll Zimbabwe no so a little bit different the dollar goes down the whole world goes down all boats done they try very hard to decouple but sadly guys you just have to live with us Americans for now Charles will you my lambo what Lamborghini do you have I love Lamborghinis they're good cars really expensive cars but they're good cars two thousand dollars for an oil change it's crazy it's absolutely crazy [Music] mm-hmm Oh Eric Weinstein has a new theory on everything well I've actually been following Stephen as Steve Cohen Steve Knight Steve Cohen but Stephen Wolfram excuse me wolfram he's a friend of mine I've known wolfram for years came to my summit in April of 2019 even gave me a book one of his books I think I actually haven't sent around somewhere so I did everything I liked him he's a cool dude but he just recently said that he's pursuing a computational theory of everything and being of course Wolfram it means you're gonna get a 500 page book and a boatload of computer modeling but he's certainly having a lot of fun and this is probably the the Twilight project so every academic has they get a little older they pick a Twilight project like Phil Wadler has Plutus and Sylvia McCauley has elgrand and this is his and whether they win it or not it's where they just put their career their reputation their resources all into one bucket and they go and chase something and they see how far they can go with it so Wolfram is actually chasing not a small thing he's chasing like a unified theory of physics he's redoing all the foundations of physics using his knowledge of computation and he's trying to basically build it from a series of simple rules it's batshit crazy but you know he's that kind of guy that chases stuff like that and he's certainly made a little bit of progress so I highly encourage you to go to his personal blog and read about his results and see the hypergraphs and the other things that he's put on it's the super super cool stuff I have a lot of respect for Wolfram he's a legitimate genius and he is an man literally what he did is he wrapped himself in a corporation and made so much money from it that he had the freedom to basically pursue any idea that he wanted and he has maintained tight control over every aspect of that company and those ideas and really Wolfram is an extension of himself and he's now leveraging that kind of capstone the beginning yeah it almost reminds me of a TS Eliot quote you know we must never cease from exploration and at the end of all of our exploring will be to return to where we started and know the place for the first time really what's amazing about Wolfram's career is that he published this first physics paper as a teenager and he was became a physicist I think around 21 22 very early and now he's returning after going on this crazy massive journey and he's returning with of having slayed the dragon with all the gold and treasures and he's being able to distribute it with his first passion in a way that he just couldn't simply do 50 years ago so we we certainly do wish him well and it just makes me really proud to see that people can still pursue their dreams and do so and in such a grand way and if they happen to achieve them fundamentally advance the entire human race that's perhaps the most selfless thing of all so so yeah I haven't seen the wine stream thing but I've certainly been paying a lot of attention to Stephen Wolfram Weinstein's a smart guy too but he doesn't have Wolfram behind him it's nice to have a big company do you have a favorite Austrian economist yeah Hayek and Ludwig von Mises are both very good I'm not a huge Austrian economist yeah there we go Wolfram at a PhD in physics 20 years old oh yeah I knew it was in his early 20s that he got his PhD I was thinking 21 for some reason but I couldn't remember the exact thing but it's a ridiculously early age to to get a PhD in physics just ridiculously young like Terry Tao got his PhD in math at 21 why did you shave your beard I was doing some traveling and I needed to wear a mask and the mountain man beard just made that really difficult and so I shaved it too to wear wear a mask we're right at the peak of the epidemic and it's starting to die out and it's probably the next two to four weeks will die out now let's talk about kovat a little bit since we're all living with kovat and it's cowling the entire world so I I have my father's a doctor my brother is a doctor and I know a lot of people in the medical business and we talk quite often usually daily about therapeutics and basically the state of everything where we act and I talked to a lot of heads of state and you know they they have opinions about when to open their countries and where all of this is going to go so the worst case scenario is this thing is so deadly and terrible that we all have to wait for a vaccine before we do anything the data they have conclusively shown that the worst-case scenario is not going to happen and that the case fatality rate is not as high as we thought it was going to be so I've seen reports for example entire country of the Netherlands started doing antibody testing and about 3 percent of the population has already contracted and recovered from kovat and when you factor this into their case fatality rate it goes from double digits down to 0.1% or something like that so it's certainly worse than the flu but it's not as bad as we thought it was going to be the mortality rate in Italy was similar to in localized settings influenza seasons 2017 and when again if we they were to do heavy antibody testing there's a very strong possibility that a big chunk of Italy similar to the Netherlands 3 3 or 4% contracted Corona already so then suddenly that case fatality rate that goes from 5% to significantly lower look at the people who are dying well the young can be infected the vast majority of people who are dying are people who have comorbidities who are over the age of 5 and obese or people who have lung problems or immune system problems so so really this is a disease that strikes the vulnerable but not the young the young can get it and certainly can have a hard time with it but the vast majority recover and the vast majority have mild symptoms what's really extraordinary is the advancement treatment for a RDS so advanced respiratory diseases there were standard protocols to treat them in the last three months those protocols have advanced probably more in the last 10 years and it's gotten to a point where they're there's considerable innovation in the way to treat people in the ICU without having to ventilate them and as a consequence because they don't go and I found a letter first you don't need the ventilator and second your chance of damaging the lungs goes down and actually the patients tend to recover faster yeah furthermore there is now I think more than 500 clinical trials for various different drugs from REM disappear to hydroxychloroquine and all of these are basically showing some real progress REM des aveer there are some conflicts of interest in the studies that I've seen where Gilead has involvement the study construction and patient selection but even with what they've done there's there's definitely some hope there and Remzi severe in particular is a very exciting drug because it can be converted into a pill and use as a prophylaxis meaning it can be distributed proactively to the elderly to the nursing homes to the medical personnel and prevent infection or reduce the chance of infection and because of the nature of that drug it doesn't seem to have a lot of side effects hydroxychloroquine if it does work and there are massive chest going on within a few weeks we'll conclusively know if it does or not does have more side effects especially when coupled with it this row - and for those who have heart problems butthere's along a short within I'd say about four to six weeks we will have good therapeutics from conv listed blood plasma into drugs that will take the very sick and give them a significantly better chance of surviving furthermore all of the PPE shortages in the United States in particular will be gone and the testing will be scaled up we now have tests that take ten minutes to do and they can be done in right here in this part of the nose instead of having to go all the way back up problem with a test where you have the tip go all the way the back of the throat is that it tends to make the patient coughs so the amount of PPE that the people have to wear is a lot more and has to be changed so much better test rapid testing antibody tests all of these things in the Western world will be at scale within four or six weeks therapeutics will be online within four to six weeks the case fatality is significantly lower than we thought it was and also because a lot of people were already God had heard immunity is starting to kick in especially amongst people are very ephemeral people travel so that means that the second wave will be a lot more muted from the first wave the Spanish flu was the opposite killed between two to three million the second wave killed between 25 to 30 million people so it was much worse I think it's the opposite for kovat so I so I'm really really really excited to see that we're probably going to crawl our way out of this in May and June and exiting spring and entering the summer coronavirus is not going to be as bad as it was now there's still going to be social distancing there's still going to be masks there's still going to be people getting sick the ron r will still have to worry especially if you're obese and have comorbidities and you're older these are risk factors that make your CF are bad but if you do get sick there are now treatments will be treatments and there's a protocol every step of the way from when you first enter the hospital to when you're really sick at the ICU which has been tested now on more than two million people and as a consequence there's a huge a body of knowledge about how to treat you well so your chance of dying in June or July will be considerably lower than your chance of dying then in wing if you're in wuhan you got it the very first day this thing came out so I'm cautiously optimistic that the third quarter in fourth quarter of this year will be a lot better I know that there's gonna be a second wave but I don't think it's gonna be as bad and I think we'll do a better job the problem is that because we shut down the economy about 10% of the entire US workforce is now unemployed and this has devastated the poor and it's devastated them in ways that we will not recover from the minute we reopen the economy and when you kick this many people into the unemployment quotas and then you still put them in debt and demand that they pay things that they can't afford that's the kind of stuff that creates revolutions that's the kind of stuff that gets people very angry so there's going to be a huge wave of social unrest a huge wave of defaults a huge wave protests political changes on the back end of coronavirus before even the vaccine comes out which direction it goes it's hard to know it really is but it's all I know is it's going to be a big deal now we as an industry the cryptocurrency industry I think are the primary beneficiary of these things when people lose confidence and governments when people lose confidence in central banks political realities they tend to flee to safety they tend to flee to contrary infuse and gold can be confiscated crypto is much more difficult so I think it's gonna probably lead to a second wave of speculative interest into the cryptocurrency markets basically because people are afraid of the incumbency markets and things are you know things just are not good right now now as for a vaccine if you look at Pfizer Johnson & Johnson and a litany of these other companies all of them are basically converging it the same safety and efficacy windows so the thing that we've done differently this time around is generally how it works of the vaccine is you produce some of it you do a safety trial and then you do an efficacy trial then you if you proves it's good you mask manufacturer two to three years for that latency here they're manufacturing it while doing safety efficacy and so if it doesn't work all of that stuff goes into the junk yard to the to the garbage dump and so if it does work that means there's no delay from when it's proved safe and effective to actually do mass distribution so optimistically the earliest we can see a vaccine for at-risk groups and VIPs would be quarter four of this year more realistically quarter one of twenty twenty one if the safety and efficacy trials look good Kovach nineteen he doesn't seem to mutate as much as the normal flu does it's fairly stable and so as a consequence of vaccine probably would be quite effective given that it's manufactured in such a short time window and all things being lucky will have strong therapeutics in a few months they'll continue to evolve and we'll have much better therapeutics by q1 of 2021 the ARD s protocols are already incredibly good much better than they were just two months ago and a vaccine is coming q1 so we'll mop it up from q1 why is that relevant it's relevant for mass gathering so political rallies entertainment business sports events these types of things they're not going to get back to normal until vaccination has been propagated through the general public so that's gonna happen but you know there's been a lot of innovation on certain things that are just necessary in the medical industry like for example rapid testing of viruses in general that are low cost this has never been a priority but now it is reusable PPE is another thing that's truly amazing and we've seen some pretty incredible advancements there were you know standard of cloth mass and and 95 s can be reused enough forty fifty times there's even a lot of innovation on sterilization of clothing so for example you take your lab coat off you can put it into a UV cabinet and then take it out it's been completely cleaned so there's a huge amount of consumer innovation and enterprise innovation or just rapid sterilization and things to avoid transmission so this is going to have not just an impact on kovat but it's going to have a huge impact on influenza which every year kills half a million people world why'd it's a bad deal and that's awesome it's also done a lot of work for rapid development of vaccines and rapid drug testing so perhaps we're gonna get synergistic benefits from it so there's some lights at the end of the tunnel there but the social unrest is going to be much worse than the death it's going to cause a lot of problems could break up the e European Union it could end the Trump administration it could push America into a depression it could create strucked a whole new world order that we're not really sure what it looks like but everything is going to be different anyway that's my coronavirus update Bridget's regretted the professionalized II regret KVM or 2018 does 2018 haunt you I know done to haunt me and KVM doesn't haunt me I mean our relationship with RVs great and you know you never regret doing good research and you never regret building good technology I mean at the end of the day because aetherium just didn't understand the value of it we had to pay to make sure that cerium had formal semantics we needed to do this to fully understand how to build Plutus and then also to basically build something better than what then what Gavin would have constructed so I don't regret that I think it was money well spent I'm sad that we weren't able to take it to the next level and get all the benefits of it but you know that's the nature of research you know it takes a huge amount of time and there's a huge amount of money a lot of brainpower and not everything you do works out and not everything you do can be immediately commercialized and there are a lot of things that are just amazing if you can achieve them but unfortunately you just can't afford for whatever reason the full realization of that technology so don't regret that you know 2018 was a learning year we had to deal with the consequences of a poor vendor we had to deal with the consequences of assumptions we made not being true and you know we tried very hard to manage it and then it just got untenable and then we had to start over and it did create some delays and you know if I got a do-over of course we do things dramatically differently but you don't get do-overs in life and that's not what life is about what life is about and what running a company is about what great ecosystems are about our learning for the mistakes you make building resilience and overcoming those mistakes and growing to a point where you're capable is still being competitive and ultimately stronger today we are stronger company we're a stronger ecosystem or a more focused company and we have much better out looking technology than we would have ever had had we made decisions differently in 2018 and did everything right the first time you know the other thing is that even if we did everything right we delivered everything to market you know maybe we would be number five or six on coin mark cap so it would be a little bit better but we're in a massive depression our industry so it really wouldn't have moved the needle so much on price nothing is going to do that we have to grow out of this and we have to wait for crypto winter to completely end we were exiting before kovat we saw every indicator inside of that and Bitcoin was headed back for to 20,000 in coronavirus robbed us of that uptick so now we just have to wait a little bit longer so you know that's deeply frustrating because if you look at where cardano's at today compared to where was that when we first launched there's just no comparison you know we're just so much better yet the price does not reflect that and that's deeply frustrating and it's deeply frustrating that people have these unrealistic expectations about returns and unrealistic expectations about what price translates to there's a whole class of people who the only data point that they collect with crypto currencies is where it sits on coin market cap and if you're not looking good that day your scam or a bad product and you know if you think wow we spent all this time building all these things the only thing you care about it's a vanity metric it's it's frustrating it really is and I wish the space wasn't like that and it's one of the things that if it keeps being like that it's one of those things that makes me want to leave this space but the good news is that it's not always about that and there's certainly a lot of people who aren't there and this is why we're in Africa and other places because they don't really care about the coin market cap they care about their fertilizer vouchers and their identity and their property and they care about being able to wire money to their children these types of things and the fact that we have technology to do this in a free and fair way at a scale of millions to billions that's what keeps me in the space and keeps me invigorated and motivated and it balances out the noise and the speculators [Music] this is a great example of confirmation bias I've never had flu vaccines and never had the flu how do you know you've never had the flu you could have been an asymptomatic flu carrier could have gotten it and had no symptoms and spread it to your friends or is there gonna be an event for the launch of Shelly yes there's going to be an event for the launch of Shelly a virtual event we'll announce it when we have a date it's gonna be a big event if free to attend you don't have to pay anything all of our product managers are going to be there tons of presentations a merkel will be presenting the Cardinal foundation be presenting we'll have exhibitions these types of things I think crypto currencies Luke are probably the only way to implement universal basic income if you want to do that and basically what we could do is a pilot and scale it up to diaspora for refugee payments and that same mechanism could be reused for ubi in my view ubi only makes sense when you have a sovereign wealth fund and you're distributing profits otherwise you're redistributing inflation and you're just gonna you know take from the rich to give to the poor it didn't never works in practice it never works ever do you ever talk to max keiser he's a character I talked to max and Stacy all the time well tomorrow be at the virtual Shelli launch yes she will be presenting both for the foundation and for Iowa Kay do you think there are other beings outside of our planet statistically yes it makes a lot of sense universe is a big place you know and one of these things is we just gotta get faster than light travel figured out somehow someway gotta bend the rules a little bit or else we'll never meet them what do you talk to max and Stacey about the weather I talked to them about the weather I ping them and say how's the weather they say it's great I say wonderful it's snowing here they say BRR goodbye that's what I talk about come on guys give me something good here have you found a platform that can sustain a virtual event yeah we were looking for one that didn't use zoom and I think we found one we did a search and there was like 25 different candidates and they're gonna do the final suggestion this upcoming week to me but I think they've picked a vendor Charles his golden ticket for the virtual lodge the crypto Factory if we're gonna do Willy Wonka who's gonna be the Oompa Loompa what's your favorite Pink Floyd song my favorite album and song wish you were here absolutely love it I was after Syd Barrett got schizophrenia and got kicked out of the band was replaced with Roger Gilmore and they did that album as a homage to him and it was just it was just amazing yeah actually I just got some good ear buds I'm an audio file I have dachshund audio engine speakers and all kinds of stuff but I just bought these these are the Sinai's ears true momentum Wireless twos they now have active noise-cancelling and they fixed all the problems with the prior generation but I think I probably have two grand wertha head earphones and ear buds and things like that I just love music are you planning some sort of partnership with polka-dot no we don't need to why they they like our papers and they read them and they're friendly guys the people at web 3 and parody Tech and every now and then I talked to you Gavin would I run into him here and there but he was the guy that pushed me out of the etherium group he told Vitalik him or me and then he got pushed out talks the only one of the eight left you ride motorcycles Charles used to have a Ducati and Ducati SRT monster back in the day erected a few times to I was a very fun motorcycle [Music] Bo's sunglasses with bone conduction heat restoring a wallet for Shelley er can I miss a window and lose my ADA's that way no we will never do an upgrade where you'll lose your ADA from the upgrade might be the case where your funds are locked until you do a rotation but it will not be the case that you'll be locked out you know and you've lost it like the ITN for example the balance check had a snapshot and if you missed that date you can participate but that's not the case with the Shelley upgrade what do you think about Bill Gates being against Trump on the funding of the World Health Organization you know whe Oh is is a unique organization is like all things they do some good they do not some good and they do seem to be in some way controlled by the CCP and I'm not sure why given that China doesn't put in as much money as the United States does and it's very clear that the w-h-o diminished this pandemic when it first began at the behest of China and then they decided to praise China no matter what they did even though it was blatantly clear that China lied about the level of dead it's it's a screwy thing and it's a sad thing because these politics they hurt people and they hurt the entire world and hundreds of thousands of people probably millions by the time this is all said and done will have died from this and tens of millions if not hundreds of millions of people have lost their jobs and now are drinking heavily getting divorces families are being broken up and we are all going into some hard times because of this pandemic and if things were done better in the beginning maybe we wouldn't be that's the real cost are decentralized Oracle's possible yes vegan what are you upgrading your graphics card to and you get one of those r-tx 2080s okay got some real-time ray tracing going on huh yeah riding the Green Goblin do you play any games I actually have been buying the intellectual property of old video games that I used to play as a kid so I can remake them when I retire like legends of Valor for example negotiating on that one finish the show Justin son and aunt Larimer walk into a bar well first off Justin's son will announce the date that he's going to announce walking into the bar with with Dan Larimer Dan won't show up he will have gone to a different bar and Justin will buy the bar and then and then announced that and have a giveaway I think that's how that joke goes hollow chain says they're beyond blockchain any thoughts databases are beyond launching [Music] everybody's beyond yeah everybody's got their stick no respect no respect by the way I'm the only guy in the space that's ever done a project with both Dan Larimer and Vitalik beuter and Charles have you planted anything this season on your ranch yeah we're gonna do hey this year I'm also growing some jalapenos and peppers got some Devils tongue a lot of herbs I've been playing around with some grow lights and everything Charles do you play poker no Aloha Darcie so good to see you Darcy works in Maui and I ran into her when I was with my family over in Maui and about two years ago I believe wonderful gal and now he's going through some tough times it's principal form of revenues the tourism business in the hotel and hospitality industry and obviously coronavirus has stopped all of that so it's really hurt the island economy are you using an asus republic of gamers no i'm right now talking to you guys on a surface studio - and my office computers and Intel nook Charles are you still fasting I do fast every quarter one link Erik and Bret Weinstein talk about possible compromise of Jack's lab mice with abnormally long telomeres but if they have long telomeres they live a long time and telomerase inhibition doesn't work in cancer cells - by the way cancer cells are biologically immortal do you have a fallout bunker in your ranch no I want the nuclear war to kill me them or Emax them any other product that you are working on that can have as much impact as card on oh yes we currently are working on another product secret product that is as large as Cardinal would you consider a 40 day fast if I was in a prison camp you share your personal life Charles never know it's better as it as a mystery right you know then you guys can speculate favorite game meat venison well thanks for the fasting motivation my student ketosis was eye-opening yeah it really is the first time you go into ketosis it's like wow where have you been my whole life hello from Argentina well I love Argentina it's beautiful place how's the weather right now having children important yes having children is super important the entire human race would die out if he didn't do it and if you have the right kinds of kids it's certainly a magical amazing thing hello from Papua New Guinea that's a little bit off the beaten path yeah give my hello to the four people make sure they don't eat you get kuru what's the last series from Netflix you loved I really loved the Dark Crystal did you guys see the Dark Crystal anybody here ping it in the chat it was so cool to see that you know as a big Jim Henson fan what was really amazing about the Dark Crystal when it was made as a movie back in the 1980s was that it was a passion project that Jim worked on and he spent years and years and years designing the puppets and the sets and a huge amount of time and money it was just so much work and it really it was his the pinnacle of his career in terms of complexity and beauty for the puppeteering and for the sets and just a million of that world and the cinematography with those puppets was hard to match and what was so exciting about the the Dark Crystal and Netflix the the series that they did is it really did feel for the most part like it was part of that universe and it was just good to revisit that and the CGI was able to fill in the gaps that were just so hard to make life like with the puppetry especially with fast motion like when they were jumping on the back of the Skeksis or these types of things so kudos to Netflix for producing that I just I thought that was a lot of fun and I really really deeply enjoyed the the the series I'm also waiting for season 3 of Westworld to finish so I can watch all the episodes what I used to do was save these big blocks and watch them yeah binge watch them on a plane for a long-haul flight but I'm not really doing any long-haul flights and it cliffs the wingsuit off close to you of course I live in Colorado we have these things called the Rocky Mountains if you want to go die jumping off a cliff there's plenty here to do that have you ever read any max tegmark or an awesome to leave yeah tegmark with intelligence 3.0 and nothing to leave like the bed upper crust ease and anti fragile and the Black Swan yeah I've read all their work tread glenn coney scotch yes very very good scotch I'm a Glenmorangie Signet fan and also like Macallan a lot although Japanese whiskeys are really really good although I haven't drank this whole year I've been dry since December last year I am The Walrus Wain that was a very good Beatles song come on now hello from New Zealand good to have you guys here hey from Las Vegas good to have you here modern always like you guys from Vegas thank you may be my kid Wolf Gang when he is born next week is that a bad idea okay well he got a nickname they're gonna call him wolf I'm gonna call him gang e Wolfie like what what is his nickname people or is he just gonna go straight up Wolf Gang just have the white hair and everything Charles any plans to visit in the Philippines we I have a lot of family and friends and Mindanao they speak by tsiyon you know and every time I go to the Philippines I always end up for some damn reason going to Manila god I hate Manila it's overpopulated bad infrastructure hello from Tokyo konnichiwa did Jeffrey Epstein kill himself no he was killed by others people he was he had dirt on Trump Clinton and the royal family I mean they got together like who's gonna kill him I mean this there's just so many people he had dirt on guys yeah Epstein is just an extension of some of the been going on for a very long time the 1950s and 1960s or people work for OSS and the CIA and what they would do is they would get prominent people drunk and have them sleep with underaged or young women record it compromise them and then basically used that to blackmail those people to do things for the intelligence agencies numerous Declassified reports and documented cases of this happening historically in the 50s and 60s it's the C and mice compromise Epstein was basically cut from that cloth he wired up his little sex dungeon for sound and video and he collected enormous amounts of data on his people that he brought to go and have fun on his little perverted sex ranch and the minute that he got arrested all those tapes disappeared the police never got them they were cleaned out somebody tipped them off so he worked for an intelligence agency and he was what they call a local asset and he was pruned when he became inconvenient it's been going on for a long time and it will continue going on this is just how statecraft works it's terrible it's sick it's twisted but that is the world we live in Quebec Canada is yeah Canada you know it's weird I have this strange relationship with Canada they want two peaks I love Canada I'm an ABS I'm like it's the uncanny valley of America I'm trying guys I really am we Americans we can just never fully understand yes the horses I have two horses misty and Jamison Misty's the white one Jameson's the tan one why do you think Peter Schiff is wrong about the US dollar collapsing Peter shifts an idiot I've met him in person I'll say it to his face he's an idiot you know broken clock is Right twice had all those gold investments work out for you Peter after 2008 not so well and tell me how bitcoins gonna fail it's worked pretty well for me the dollar is not gonna collapse I mean if it collapse just think through the consequences of that what would replace it the whole world economy would fall into a depression furthermore our dollars backed by our nuclear arsenal and our military which is the most powerful in the world and our trade agreements which are the most pervasive in the world and by the American people who are the most technologically advanced with all of the major fortune 500 companies located here and our infrastructure which is world-class it can print and print and print that doesn't go away long-term we will be decoupled and start feeling the consequences of our debt and that is an existential concern but this blanket the dollar is going to fail idiocy that shift pushes is hysterical stupidity do you like the fish story I love fishing especially deep-sea fishing when will exchanges be able to stake we are gonna when we do the balance check work on our release all the libraries for Shelley and that'll include all the staking mechanics and we have started conversations with bison trails which is a company that specializes in staking as the service for exchanges so when we launched Shelley staking will be available for exchanges as well on behalf of their customers I from Victoria try Charles from India where hudson india big place kent euro take dollars place no because the euro is not anymore attractive they have just as bad of a balance sheet and italy may leave the european union after all this is said and done or france for that matter not solid he got goats to yes i have too many goats Reno and Vegas they're great goats I tell the super hot hot sauce story again The Devil's penis story now guys you have to go back into the archives for that one a Charles from Pakistan Gil Jade is beautiful one of the prettiest places in the world how much gold do you think the US holds we are the largest holder of gold in the world several hundred tons actually have you started your powered paraglider training no I have not started the powered paraglider training yet paramotor is what it was principally because the instructor stopped doing lessons because of coronavirus I was scheduled for my first lesson in April right after doing wingsuit training that was scheduled in March with Jarnell and all of that got cancelled because this damn coronavirus if you talk about the paintings behind you yeah that's a Waterhouse painting and that's ghost stuff climp and this has shown me under your own t chill there so that's another is your own painting somebody commented in the comments section that they that they were posters no their paintings they're not posters yeah people are people are weird over the Internet think you from San Diego I would not move to Denver live somewhere else in Colorado Colorado State but I don't really like Denver that lunch i I went Metro State years ago and I lived down in Denver I read off of cap hill around 13th and Pearl yeah next to the Capitol and it was not the most delightful of places although I'm a farmer so you know take that with a grain of salt have you ever visited India yes I have and all throughout India how did it go with the standup [ __ ] comment with your media guide um well rod is a he's a good guy he had hair before you work for me now he's bald uh I'm a hard guy to deal with come on keep them coming hi Charles I'm at your front door can you let me in you got through the gate and the security system and the dogs [Music] we're haven't you gone yet that you wanted to go visit I was gonna go to Antarctica this year the only continent I have not been to and unfortunately I did not I did not have a chance to go because of Corona have you done any kind of crime the [ __ ] kind of question is that come on guys give me give me something here the Hoff and the husk what microphone are you using the audio is nice I have three different types of microphones that I commonly use I have a Samson microphone that I travel with a rode mic in my main office in my home office I have a Yeti stereo mic and all of them are very good mics do you believe in the Illuminati no no not at all oh no I don't believe in the Illuminati they don't exist please explain Daedalus flight it's the software equivalent of Daedalus flight is Google Chrome Canary it's basically an advanced build of a main net wallet to allow us to rapidly release new features and functionality to main net for people to play around with with Rio Aida what do you think of Richard Hart I've never been on a show never talked to him just another one of those guys sig sauer or cz if I got an FN tactical how's that what do you believe about tower seven okay I still do 911 stuff it's a terrible tragedy we just got to move on please explain the news about Bitcoin killing proof of stake it's not going proof of stake whoever told you that as an idiot playstation five or xbox series X xbox all the way did Carol bask and feed her husband the Tigers I don't know I mean a I'm not going to accuse somebody of murder based upon a [ __ ] documentary come on guys the speed of light not static speed of light is constant I really hope you lost Shelley this year me - Zane me - I really do in fact because you asked we weren't gonna do it but now we're gonna do it we're gonna launch it okay just because of you you know I call them my guys on the phone saying you know maybe we should just put it on the shelf and go play golf and [ __ ] but I saw that comment from you and and I said to myself hey I just got a lot you this year now I cannot let Zane down just cannot let him down he ever stated you I own a giraffe stand his chips he lives in South Africa [Music] Charles have you ever been Toshi round table yes in fact I went this year to the one in Mexico I was in Cancun and boy that was a lot of fun I really enjoyed it I hung out with William Shatner I had dinner with him and I I said bill you got to be careful about this industry it's got a lot of Fairweather people that tend to cling onto you and you just gotta watch out and he looked at me and without skipping a beat he said Charles I hate Klingons man that was that was a once a lifetime experience and he's in his 80s too he said not a young guy Charles do you think covet 19 was made by someone in a lab like people make it out to me my belief is that the Chinese government 2003 after the original coronavirus outbreak decided that it was in their best interest to start studying coronavirus for therapeutics and vaccinations because they very rightfully understood that this had a potential to become a global pandemic if it wasn't handled correctly and that they got lucky with 2003 there was a lab in Wuhan specifically to study coronavirus and had those bats in it my personal belief and it looks like the intelligence agencies are starting to dig up some some information on this is that one of the people at the lab got infected and either was mild or asymptomatic due to a safety issue and then went for lunch at the wet markets and spread it to people this would explain the cover-up it would explain the local government pretending things were bad and why there was just no transparency at all about things because basically they they didn't want to admit these things and the reality is because this 184 countries have this there will be investigations they will be very aggressive and the world is not going to take forget it and move on attitude is a big deal and there is going to be a lot of answering and a lot of questions and nothing will be swept under the rug so the coming months will know a lot more but that's that's my belief because the particular bat the horseshoe bat was not sold in that market and the facts and circumstances of a lab being so close to the ground zero of it that happened to have it there is just too convenient so I do suspect that that's what occurred that lab had whistleblower complaints about safety and there were numerous memos about people not following all the protocols and procedures and it literally had the disease in it that impacts all of us and given how fast China was able to sequence the genome much more likely that they had already done so because they were studying it prior to the event but that's my personal opinion and investigations are going to reveal what really happened and by the way that's not a big conspiracy and that doesn't mean that this was a planned event accidents happen and it doesn't really have to be complex it's just just is what it is you know and you just you grow from it and you learn from it and you just make sure these things never happen again it's one of the reasons why the US government and the Russian government were super careful with smallpox only a few labs in the world that contained smallpox and the labs are very very careful about how they study it use it and work with it because they were super worried about things like this happening and unfortunately not everybody has those same policies and procedures for these terrible diseases an animal what animal would you be a dragon bronze dragon thank you dingdong tingles I asked you to say that would you own a yacht no absolutely not what do you think of the protests in America right now I think they're very reasonable protests I think the media is disgusting and deplorable and I'm really tired of this quarantine and I'm tired of this argument that if we open the country everybody's gonna die guys Sweden is open and they if you extrapolate their population for the Italian population they have less deaths so why the [ __ ] are we doing all this it makes no sense it just makes no sense it's a travesty and it's hurting poor people so you have a case where wealthy people have shut the country down kicking 30 million poor people into more poverty and they're doing nothing for those poor people furloughing mortgages so you give them three months off and then on the fourth month they have to pay all four months at once and I just make the loan three months longer and tell them they don't have to pay for three months it's um it's unbelievable what's happening and they're not gonna take it they're not gonna take him it's gonna create a whole problem it's a scam have you ever visited New Zealand before Charles Hoskinson yes both North and South Island and I even played with a kakapo those are cool parrots so this Justin Fujimoto guy he somehow has extracted a few personal details about me and he loves just dropping them to chat like how's the weather on county line okay should I find out where you live and go ask you about it come on man stop being a creepy stalker sound like a closet trump supporter no I'm not a closet trump supporter I'm just an American who doesn't want my country to be burned to the [ __ ] ground out of paranoia and hysteria and I'm really tired of a media systematically propagandizing and lying to us you know it's has nothing to do with politics it has everything to do with just basic decency and common sense 3% of the Netherlands has been infected with kovat they're not done Sweden is still open they didn't shut their country down and there's suddenly no mass epidemic killing millions of people we have been lied to repeatedly over and over and over and over again about this stuff and it's got to a point where the Time magazine is writing articles saying that if you get coronavirus there's no evidence that you're resistant to it it's insanity it's absolute insanity so this disease that stand near identical to the last one it's just a little bit more infectious from the 2003 variant the people who got it in 2003 are resistant to it and basically that's how this stuff works but no let's just not believe that it's it just makes me so angry because I'm okay I live on a beautiful farm I own the farm I'm a millionaire I have well more enough money to do it over the [ __ ] I want to do for the rest of my life it doesn't matter to me and the reality is the decisions they are making are impacting the waitresses they're impacting the entertainment business people the sports people they're impacting every day people make 50 grand a year and those people can't pay their rent those people are living paycheck to paycheck and they've been absolutely destroyed absolutely destroyed the people making decisions to destroy them like Bill Gates he's got a hundred billion dollars it's like a guy sitting on a pile of food telling you you shouldn't eat you're starving well he has his pile of food and he's eating it's disingenuous and disgusting you know but it'll save all these lives there are different ways to do these things and there are fact-based ways to do these things and we're not doing it and it's just hurting the poorest and most vulnerable amongst us Charles what do you think about Craig Wright in bitcoins ship version using your bourse dragon eating its own tail as their logo did they do that you know you know I'm successful by the way guys if Craig Wright claims to be the real Charles Hoskinson I don't get that whole ecosystem I really don't I don't I don't understand bitcoin SV I don't i am the lord of me cannot understand it it's a copy of a copy Oh Lord Lord Almighty you know you have this dude who says I'm giving everything away for free I'm releasing my software under MIT license it's a gift to the world and they use to claiming to be that dude saying everything is mine I control it I'm gonna patent everything and I'm going to tell you who's allowed to use and who's not allowed to use it and it's my vision and then you have a group of people are like that's obviously the original dude you know it's it's like so far divorced from reality and then there's these strange weird people like health and others that are in that ecosystem and and it's just like why would you want to be part of this it's first there's no innovation there's really none you know nothing that they do there in any way makes any sense to me a second they seem to just claim that they can just do all this stuff it's like oh just make the block size infinitely large and then you'll scale and we can propagate blocks that are a gigabyte in size and and I'm like no the laws of physics don't work that way computer science doesn't work that way but now that you say it they just say I'm people believe them it's like okay it's um it's just a great example of what happens when you have fringes and people get caught up in things and they get so deeply invested in it like I remember watching videos of the one coin group these people going to these one coin simmer and bit connect as well going to these seminars and just like their class ID and oh wow yeah we're part of this oh it's amazing and and it just has basic questions and they just could not answer but when you show them facts they would just be like no no no no you're you're you're you're evil you're the enemy you know I get it I don't tend to interact too much with the SV community although they attempted to take me on on Twitter every now and then but I'm sorry you know the whole point of these systems is that they're decentralized which means that even if they have founders the founders are irrelevant in the grand scheme of things the point of patents is the permanently connect or at least temporarily connect your system to a founder and prevent you from decentralizing isn't the anticip everything these systems stand for that alone is disqualification but then you add in the personality you you add in deeply offensive statements like going to Rwanda and saying you have more money than the country it's just senseless it's absolutely senseless and disgusting and as long as our space has that and that's legitimized I think it just creates a environment where people just turn off so yeah if they took the or Boris dragon eating its own tail for their love good for them good for them you know let them do their thing are you voting for Jill Biden no I will not vote for somebody who has dementia did you know from the beginning that big Kinect was a scammer yes it was blatantly obvious that it was a scam the economics were [ __ ] up you know you just ask basic questions and then people would give you the standard Ponzi scheme confidence game answer the same for one coin they're scams they were obviously skinned I called it a scam on Twitter and everywhere else and there are certain people the cryptocurrency space who are just not willing to do that for some reason or they were allowing it like I talked to his exchange people would have dinner with like an exchange CEO and say why the [ __ ] did you list this token they say well you know we know it's a scam but we like making the trading money I say do you have any ethics at all now of course we knew it was a scam and we warned people about it I went on Bloomberg and warned people about it and that the ico mania there's oh there's a video on about me on Bluebird a column all ticking time-bomb Ron Paul is my boss always will be my boss right here always have this handy got this when I worked on the campaign was that say right there Ron Paul 2008 and I've only ever had one real boss and was brown Paul and always will be and I I loved working on that campaign Charles what the hash on your Twitter handle mean Deadman switch as of today Biden or Trump if I had to choose between both of them and I would abstain but no no reality I'd ever vote for Biden Charles how much on average about seven hours Charles would you pay to watch a pay-per-view fight in Botswana between a grizzly bear and a Bengal tiger oh god no that's animal abuse why would you do that Charles have you ever been to Instanbul yes the Byzantine Empire was one of my favorite lasted a thousand years why does everybody who's work with you in the past talk badly about you did the Zen Cash guys talk badly about me did the polymath guys talk badly about me this guy's ever say anything bad about me the hundreds of people who work with me at i/o HK any of them say anything bad about me a strong personality and I'm very aggressive when I point out people's mistakes that they made especially when they had fiduciary moral obligations and they didn't live up to him so yeah you know if people like me they don't like me okay I'm happy with my life and I have lots of friends good family not alienated from any of them I think you've been spending too much time on Reddit and Twitter that's not real life real life is here real life you know you study about hydroponics actually you guys are gonna like this one this is a breathing cooler let me show you this this is real life well this is the breather fit it's a company that's been around since the 80s and they sell devices that actually allow you to strengthen your diaphragm and increase your lung capacity I proactively bought in case that Kok Corona and my lungs got gnarly but basically you can use this and it helps you with training for high-altitude and helps you with running it's got two valves on it one on the left and one on the right the left is the in tanks the right is the for exhaling and then there's difficulty settings from one to five the the fit versions meant for athletes the regular versions meant for old people but that's life these things these are the things that matter because they allow you to live well and healthy and happy you know the Internet's not life and what do they criticize about you know where have I screwed people they say I leave every project it's like I've been working constantly a card on for five years straight only Vitalik and I have been on our projects respectively that long everybody else has left the case of Dan Larimer three times you know it's just not reality de batz Charles no scorpions scorpions scorpions are delicious dan Lehrer has more credibility than you Charles okay we know who bitcoin debt is kept de Meacham head I think you're in the wrong live stream thoughts on Starling Leo satellites with low-latency sign me up I'm right now in 4G out here I'd love to have a better internet connection do you think Bolton monster 3 hates and talk smack about you because you failed to give him an interview on his YouTube channel okay first you didn't even create his own content he's got some other guy named James he does that for him he's just the face and then second the guy is just a shock jock and he makes his money buy controversy so the model is pretty simple you say out llantas crazy slanderous things they're so outrageous that they invite a response the minute you respond to it you validated the controversy and then lots of people go and watch it like a train wreck and the more views the more money that's how the model works yeah it can be Alex Jones telling me about the dmt Nazi aliens or it can be molten tar monster number 3 saying things that basically invite a lawsuit you know either-or this is the model and if you get really good at it you can actually get rich but more often not you burn yourself out you become a terrible human being and especially if you start believing your own [ __ ] I mean honestly he's taken a position that I'm a pathological liar who's scamming people and is conducting an exit scam and is gonna run away so when we ship everything that we claim we're gonna ship what does he do it's one thing to say I don't believe they're being realistic or reasonable or they're going to achieve what they set out to achieve or the price won't go up there you know everybody can have an opinion that's fine if you ask Joe Lubin about Cardno I'm sure he'll say a hedged statements but it's another thing entirely to say that somebody is a criminal an unethical and is lying to people because when we do the things we say we're going to do then your credibility is not just lost in that one instance your credibility is permanently lost and so it's not a sustainable model the molten tar monster model it's a it's a self-defeating model that always burns its way out and everybody who goes down that road always loses and so the most press the safest thing you can do is just avoid them and not fight with them because you'll get them all Taran yourself and you let them slowly burn themselves to death which is what he still he already lost his Twitter page Charles would you ever cut a beef ooh that's a good question filet mignon is great I really do mmm big porterhouse fan as well which your retirement plan hydroponics controlled environment agriculture you've got a book on it right here guys it's actually from rush hour rush hydroponic food production and rush is kind of like the Godfather hydroponics he's been doing it for 40 years and I got grow lights back there and all kinds of cool things I'm learning a lot of stuff right now about basically how to set it up I got 50 acres to play around with you know farm to fork you can get 15% returns on hydroponics and if you put an aquaponic setup you can actually have fish in the hydroponic setup and you grow all kinds of crazy things right now I'm doing a lot of experiments with peppers and herbs so I'm growing Devils tongue and super hot peppers and chili peppers and jalapenos and so forth and having a variety of different results so it's going to take some time but it's it's something that I can do for the next 3040 years with no problem and just keep scaling and scaling and scaling to avenge a multi-million dollar operation and provide most of the for a farm to fork for Boulder and make quite a bit of money on it and it's just a beautiful lifestyle you know it's fun to wake up every morning and just see your plants talk to your plants and make sure they're properly watered and and that relaxed pace of life there's something magical about it no I'm not required to promote Haida and they wouldn't ever sign a contract that ever made me required in fact technically I could never even talk about it I do these AMAs because I want to and I love our community and I love having that relationship I'm just obligated to deliver a product but not talk about it Charles do you smoke weed no very popular in Colorado but it's a dreary drug it dulls you never take substances that dull you take substances that enhance you greetings from Norway I love Norway I'm quarter Norwegian quarter Italian quarter Norwegian hot chocolate or coffee coffee hello from Karachi good to have you here Marie aquaponics I will definitely do that yes I do take nootropics been experimenting a lot with lion's mane recently it's a great substance charles what book would you recommend for learning cryptography i just so happen to have that book right here let me show you guys this book with my coffee pot right here my keyboard right there oopsie alright sorry locked myself out of my own computer it's right here modern cryptography from john cats yeah and you who to little cats is a great guy and meet him all the time on the cryptography circuit but this is the bible it is literally the best book ever written on cryptography introduction to modern cryptography yeah if you read this book and you understand this book you know cryptography you'd know what you're talking about it is a very very very very good book highly recommended [Music] from Sweden nice to see you Stockholm Charles could chain-link easily moved their ERC 20 token into card ah no if they wanted to sure why not again you keep saying will you sign my lambo what's the make and model do you know you don't actually have a lever you what is your favourite country Charles a United States of America the AeroGarden hydroponic system I would highly recommend our garden I got one right there and I got another one in the office and they're just great they're super easy to use they're idiot proof and it just gets you started and what is my favorite number five it's a beautiful prime number still streaming you damn right I'm still screwed Saturday [ __ ] pandemic what the hell am I supposed to do you know I can't really do much right now there's only so much you can read no only so much you can watch Charles what do you think of the carnivore diet so that's a crazy one I know Jordan Peterson's on it and Joe Rogan occasionally talks about it but you kind of need these things like fiber but apparently they say you don't need fiber I don't know man that one's too far for me no I'm not a freemason never been a freemason Charles who was the greatest US president oh they all had their ups and downs except for Andrew Johnson he was a monster why did he used to take your ëthe tokens when you're booted out by aetherium by the other founders there was another person who I felt was treated even more unfairly than me and at the time cerium hadn't launched it wasn't worth anything and he nearly got a divorce over the whole situation so I decided just give my tokens to him but I was really done with the whole thing and I was actually prepared to leave the cryptocurrency space and some people talked me back into it it was 293,000 ether if I had taken it which it the all-time-high would have been worth about three hundred and fifty million dollars go figure favorite fruit star fruit yeah you can say that again Daniel yeah you win some you lose some juice fasting makes no sense because when you're fasting you're in a ketogenic state when you're taking juice the juice has sugar the sugar knocks you out of ketosis and then you burn less fat you know the mechanisms are like you have a refrigerator in a deep freezer in the basement and a door locking the basement and insulin is that door okay so biochemically what happens when you fast is in the first 12 24 hours you're depleting all the glucose in that refrigerator you're you're taking all that fast available stuff then your body's like oh I'm completely out I guess we're gonna have to go to the basement and go get some of that fat out of the deep freezer so if you have low levels of insulin the door to the basement is unlocked and you can go down and start harvesting fat and turning it to ketones and processing that and then your body will eat various dead cells and other things for process cocolonia genesis that is to basically created some glucose for the 10% of glue of your glucose consumption that your brain needs because it can't completely run on ketones so if you take a juice what you're doing is the sugar and the juice keeps insulin levels high okay and so what that means is that door to the basement is locked so when your body's trying to go and pull energy out of its fat reserve it's harder for it to do that so you're you're not in ketosis but you're on a caloric restricted diet still metabolizing glucose which means that the only place it's going to be able to get excess glucose from is by accelerating gluconeogenesis and eating your muscles so it just makes no sense to do these little calorie juice fasts they just atrophy your muscles you're hungry all the time because you're ghrelin levels are high and you can't properly metabolize your fat so this is why people on a juice diet are always hungry and when people who haven't eaten any food at all after three or four days aren't hungry and are functional and have energy because they're ghrelin levels are low in the body's metabolizing fat every pound of fat has 3600 calories in it 3600 calories so basically like you're not even consuming a pound a day when you're fasting so it makes no sense at all to do a juice fast I just don't understand a little detox and bla bla bla a and I've never been a fan of it it just it's crack science it makes no sense crank science are you the favorite child no my brother is my brother's a doctor and he's the third generation of physicians that was the redheaded stepchild who you know who who became a mathematician Charles what model of mouse t used the mouse that came with the Microsoft Surface how about that yeah you had to say that is a nice mouse sir do you love anyone well we all got somebody to love Charles is it healthy to be a vegan that's probably the most controversial question of the night there's a holy war between the paleo people and the vegan people and then the keto people in the vegetarian people metabolism is very complex and honestly I'm not going to prescribe lifestyle choices to you all I know is I do much better on a ketogenic diet than I do if I try to be a vegetarian do you like hiking yes and long walks on the beach hmm what are your plans for atala Charles right now we collapse the atala team into prism to accelerate our identity solution for card ah no how about water fasting water fasting is great in fact that's how you fast you get yourself a big jug of water you know gallon a day and you just drink that and then make sure you throw on some salt get your proper electrolytes and and then make sure you break the fast with non solid foods for the first day and you'll be okay fasting is not hard any books or sites on fasting you suggest dr. Fung fu ng he's a nephrologist and he's a very competent with fasting yeah he did it for his diabetes patients and if your appetite of BT's patients and you have to see a nephrologist and you're pretty much pretty late in the game and you're not doing so well charles whichever your horse if that's all that was left of course horse meats delicious hello from Vienna have you tried shark yes I've had shark fin soup had that in Korea that router in the background is an Asus gaming router that's correct it's great router highly recommend it huh yes I am the wealthiest member of the family Mediterranean diets okay makes a lot of sense I think you can find Shikata 3030 3301 who's to say I wasn't part of Shakira 3301 hmm hmm hi you guys ever think of that huh no Charles have you ever thought about asking for some breath back never came up never thought about it you just move on from these things guys despite the fact that I didn't take the ether I still did very well you know it's not about money it's about doing what you love every day and enjoying what you love doing and living well thoughts about who Baba O'Riley was a great song how much are the freaking masks worth more than a dollar less than a million dollars do you do you do you like lobster yeah I do lobster is very nice boxers or briefs boxer briefs right actually we're cool 32 that's my brand of underwear it's great stuff did you like movie interstellar I really did I'm a hans zimmer fan and I like Christian Nolan Lee cinoman by the ways the lead writer for West world it's a very talented family rush well yeah man Neil Peart man [ __ ] Tom Sawyer man game over man have I tried VR yes I've tried both the oculus rift and the HTC vive [Music] so which Simpsons is the favorite season three through nine oh man they were all so good God which one which one would be amazing I mean Homer goes to space was a really good episode I think we're especially when Kent Brockman you know basically betrayed the human race for his ant overlords and I love how they had the graphic available that was just absolutely amazing it she and Scratchy land was a great episode as well there were just so many really creative episodes but here's a here's a really cool one you know who the lead writer was for seasons three to nine it was Conan O'Brien how about that but he didn't know that what are your opinions on jockle we'll Nick American Hero very motivational guy and I really respect what he's been doing favorite Mega Man X game move yeah you know X 2 was pretty good Mega Man X 2 was pretty good maybe I played X 1 through 3 we were all great games I really liked X 2 you could reconstruct 0 that was really cool and you can get his lightsaber that's really hard to do gal gadot Jessica Alba I dated a gal who looked exactly like gal gadot she was in the IDF gal gadot all the way and that's uh that one's easy as rallies are a unique breed a favorite NES game Super Mario World 3 was amazing and I also really loved Fantasy Island or Adventure Island excuse me with little dinosaurs that are on the playing cards if you plan to fire Duncan no Duncan Duncan's Duncan it's a great guy do you have custom parts in your clocks well I do have red dot sights and compensators and things like that you know clock clocks are nice guns you keep asking the same question about Peter Schiff get a hand I've already answered the Peter Schiff question he's just schmuck there's no sense in talking about any of this stuff he does you know anybody who says my industry is a scam it's going to zero and there's no intrinsic value in it is an idiot what do you think about finances Bitcoin oh they're smart contract chain I just got the white paper for I'm ready yet no comment yet but I yeah I honestly don't think yeah no calming what will read the paper [Music] almost got me on that one almost Tatanka never bring in doughnuts no Duncan is a vegetarian oh I think you're allowed to eat doughnuts is vegetarian [Music] that need background tunes with Charles Ozzy that'd be nice wouldn't favorite soccer team the ginger hippos David my people my people I don't have a partnership with these Beck government do not conflate or confuse the Virgo for I wage K they do their stuff we do our stuff we're friendly and I do like Kodama and the rest of the crew but we are different companies favorite whiskey Hibiki what updated role is probably mistaken with the relationship with Cardinal polymath never had a relationship with card out he had a Charles Hoskinson relationship I was a consultant I signed a contract I fulfilled the entire contract gave him a lot of advice and it looks like they're gonna go and build some solution with parity substrate and I wish them well [Music] you excited about the having we're almost halfway there [Music] there's no mysterious employers crypto fan employers are you guys you know we're gonna ask for using the Treasury mechanism and the contract for that will be public the deliveries will be public and you guys will decide eight holders will decide I swear some people [Music] I do not have cattle I'm gonna get highland cattle though we've been looking at it do you like Angelina Jolie mmm whether you're a hacker's Angelina Jolie pre Brad Pitt Angelina Jolie Brangelina Angelina Jolie crazy alcoholic post Brangelina Angelina Jolie pre child Angelina Jolie you know there's a lot of Angelina Jolie's there sir [Music] you have Highlanders oh holy [ __ ] you like him can you shave them do you shave them once they're shorn during the summertime Scottish Highlanders the Queen's beef there you go yeah I should put boy it is is the woman the painting behind you crying yes she's crying tears of gold Gustav Klimt slept with that woman [Music] [Music] have you ever tried scuba diving yes human-readable addresses once back 32 and ID's are out super easy to do and will definitely build something for that very easy to do wait women are Latinas you guys crack me up crack me up any thoughts on a private jet or does first class business class work for you if a jet if would kind Gulfstream g700 best Jay you can buy love that jet Boeing Business Jet SAR very nice to the news Boeing Business Jet Sanh the 737 frame are just incredible you can have a full king-size bed room in him business classes generally good enough my ex-girlfriends dead had an oil company and he flew private all the time so it was always nice being the young 20-something aspiring mathematician boyfriend who got to tagalog on the girlfriend's dad's private jet that was fun [Music] yeah mile-high club well it's all very easy to do that when you fly private that's the one place where you can get away with that you also smoke on the planes - you're not supposed to but you can yeah why Pro Cup there are days I ask myself that well not anymore life is improved a bit you cross your Scottish Highlanders with white face where are you based are you actually in the UK or you outside gas car electric car I have all gas cars Cadillacs great cars and ads in trucks and I have another car and I keep it it's a special car have you ever defecated and dirt yeah these are the bottom of the barrel questions [Music] the Lambo car yeah the Huracan LP 610 are you wearing a wig all right enough of this good night everybody been a lot of fun good livestream
