hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado some of you love the intro some of you hate it but I just don't care because I love it and it's my show so I get to use my own intro good to see you guys it's May the 29th 2020 it's a difficult day for a lot of people difficult time for a lot of people March is May has been a difficult month and we have we've had protests fires quarantine I think everyone's getting a little crazy and they're getting a little tired and they're a little worn down and we're all just frustrated and divided right now and we've been through this before you know in the 1960s and 1970s with Vietnam we were through this before during the wars and it it's cyclic and there's always going to be times of division but hang in there I'm certainly hanging in there and just keep your faith keep your principles keep your integrity strong and just keep pushing forward for the Cardinal project this has probably been the best month we've had in a long time because we were finally able to get to a point where we took code that we'd been working on for almost two years and get that code into the hands of the people who knew how to break it knew how to use it knew how to play around with it those pioneers who were willing to take the chin the risk the the fun the hazard of dealing with bears and stakes and all these other things and beating the hell out of what we'd created the exercises that we had written and tell us where we're wrong where we need to improve things and that's exactly what they did and we spent a few weeks learning with them building with them and we're profoundly grateful for that we really are it made us accelerate things that would have taken a lot longer by ourselves and it gave us the opportunity get enough confidence in the code that we'd constructed to actually say hey we now have a launch date for Shelley still June 30th alternate date July 7th if the weather is bad meaning the hard for Combinator has some issue with it that we're testing on the 23rd and July 29th is the hard fork so it's just counting down the deadlines counting down the day it's the next the next day coming up is June night and that's gonna be fun because we're opening up the Pioneer test net so Shelly would you know our play on Deadwood has been built you can finally go and settle it the Pioneers built all the structures they got the town ready to go it's a nice little mining town I think you guys gonna have a lot of fun with it won't be around for long though because that'll be shut down when we open up the main net and it went real tired but I figured I'd do an AMA because you guys deserve one it's the 29th I didn't do one last week and you know it's it's always fun to talk to the community and see what they're thinking and as with all AMAs we can talk about pretty much anything anything you guys want to talk about love life politics crypto nothing is off off hold yeah so first question from octo man PC what the [ __ ] is that Tyson quicks problem on Twitter what a dick you know his problem is that he's living in an environment where only one opinion matters he's in San Francisco there's a reason why I didn't found my company in San Francisco you know when you're an entrepreneur you think about these things you say well where do I want to go that has the right mixture of access to capital talent good labor these types of things and San Francisco certainly a great place for that but it has a just a terrible terrible monolithic culture you have to say things think things a certain way and if you don't follow that you're the enemy there's no room for debate there's no room for tolerance it's the least tolerant of all places if you don't happen to drink from a certain well you see at the other day I'm not a partisan yeah as I mentioned my prior video I spend a huge amount of time running around the whole world bent over 50 plus countries I'd regularly deal with heads of state all across the political spectrum whether they be hyper capitalist or hyper socialists some cases dictators for life so when you live in that type of environment you know you have your personal political opinions but then you have your political realities that you have to traverse between but one thing that I've tried to keep despite the fact that we have such political diversity your basic principles about how I think people ought to be treated and those principles are reflected in the work environment I have in my own company the way I make decisions about staffing and the efforts we put into our protocols and products and we try to empower people enable people and we do care a lot about the people who have the least amongst us we have a very simple test for the protocols that we design they have to be fair and fair means that it doesn't matter where you came from with geography or born into it doesn't matter which whether you won the genetic lottery or not you have equal access and equal right to the system as Bill Gates does and Jeff Bezos does you can't predict these things some people are born was terrible disabilities some people are born in places with no internet and terrible infrastructure and an absolute abject poverty and we shouldn't create a society in a world where if you get lucky that's the only way you can live well we should create a world where because of the amazing technology we have and all the social progress we've made that no matter where you're born or what what happens to be your life story you have something that can allow you to live well and comfortably and with dignity the point of these protocols is that they can deliver this to the world I and we do so without the use of force one of the reasons why I despise socialism communism these systems and they're all just flavors of it is that these systems tend to view the world and very draconian terms you create a super powerful central entity that gets to decide what's fair and then it takes from one group and gives it to the other group all screaming equity in some cases this works but in many cases that's hyper centralized group gets really really corrupted and then they start reallocating things not based upon need or wisdom or judgment but based upon political access and we saw this with the Soviet Union and that's the most extreme example 100 million people died that's just the fact of the 20th century it's it was just a disgusting terrible thing and nobody seems to really want to revisit that or they say oh well that was just a different flavor and our flavor is great merciful and then they point to certain countries and say well these are great examples of what we want and then they find out that those countries are fairly capitalistic when you actually tear the layers off of them so you know it's it's an interesting thing and I spend my time mostly focused on the nuts and bolts the infrastructure of society and I have a lot of faith in people and trust in people this is another difference between San Francisco and me you know gun rights are a great example of that you know the whole point of saying people should have guns or be allowed to have them as saying I trust my neighbor that's what it really comes down to I trust you enough that you could have something that can kill me but I'm still okay with you having it because I think you're a rational mature person when you start having society fall apart usually the ills of that stem from the fact that you lose trust in people you look at your neighbors not as friends but as potential competitors or enemies or people that are against you and there's a thousand other things you could look to where you start losing touch with people and you stop thinking of the local community you stop thinking of people as assets or people that can work with you help you and you start saying well I can't trust anybody so I need to build systems that are intrinsically paranoid and start taking things away from people proactively to protect each other I will remind you Switzerland for example is there a gun friendly country in a certain respect they trust their citizens with military-grade weapons and train them how to use them and they have one of the lowest rates of gun violence because the society works in a particular way it's not the only way to do things but it's something to think about it's a different way of looking at these particular issues but I often don't comment on them except for when I see that people are starting to suffer from propaganda as I made my video today it's getting to a really bad point where people are incapable of listening to opposing opinions we used to have the same that you can disagree without being disagreeable but now it's gotten to the point where that is impossible if you disagree it's not because we have different values there were different people or we look at the world differently it's because you're an evil person who wants to harm me and the only option I have is to destroy you to prevent you from harming me with your harmful opinion that's where we're at this technology doesn't work if society has regressed to that point you simply do not have the cognitive tools the social tools to be entrusted with things as powerful as your own money your own privacy your own identity this is not batteries included there are no custodians here the point of crypto currencies is to push power to the edges and with great power comes great responsibility as spider-man's uncle reminded us and that great responsibility is the responsibility to be self sovereign to be master of your own life and to use these powers with great wisdom and still try to collectively build a better society despite the fact that you can cause great harm that's a scary thought for people who have no faith and trust in humanity and these great centers of tolerance such as San Francisco they tend to forget that and they tend to really like hyper centralization that's why Twitter and Facebook and all of these other companies that have come out of those realms tend to look the way that they look and they tend to regress and become these dystopian cyber centralized top-down entities that basically tell you what's best for you okay so that's the answer to that question I disagree with my response to the objection of CIP one that's great actually I love the fact that the CIP process has rolled out for those of you who don't know when you want to evolve a cryptocurrency in a decentralized way the standard mechanism of evolution of a cryptocurrency is called an improvement proposal so you have a theory of improvement proposals Bitcoin improvement proposals all kinds of these things and we have our own the Cardinal improvement proposal so we're just starting to roll this out slowly it takes a little bit of time you have to get the community used to it and we have a lot of unique challenges in the Cardinal ecosystem that aetherium and Bitcoin do not have the biggest of which is that we'd like to connect the CIP process directly to the formal specifications so one of the big challenges that I ohk and the Cardinal foundation are working on right now and will not be finished until the end of the year is how do we find an easy way to hand those specifications over to a more independent neutral sort and link them to the evolution of the CIPS it's not easy to write a formal spec and we wrote the formal specs with a very particular opinion on a reference implementation ie the Haskell implementation but if you want to go build your own card on a node in C++ or Java or Python or JavaScript which will happen as the ecosystem evolves and develops we're already a little bit of a polygon because we have a rust node in the Haskell node then you both have to have a common source of truth and that's the specification if the specifications are written in a way that are only useful for one type of implementation or one type of thought then that's counterproductive to diversity development diversity so we're gonna have to reevaluate and think very carefully about how we handle formal methods so that it's amenable to third parties participating and being involved in that process and it's something that we're actively discussing and it's a lot of work you know and yeah the problem is the set of people who are really good at writing for most mechs is quite small there's only probably a few thousand people floating around the world that are really truly good at this and a lot of them work for me and so that's going to be a bit of a challenge we have to perhaps reevaluate better ways to do that but we'll get their thoughts on the Ernst & Young nightfall in the Cardinal ecosystem we wouldn't use it if we wanted to do something like nightfall we have a significantly better proof system called sonics that we unveiled at the zk proof summit and there are better ways of doing things the reason why nightfall exists is that it's a smart contract on top of aetherium in my view it's much better to have protocol level support then overlay support because you'll guarantee a significantly larger anonymity said second you have significantly lower operating cost it's very expensive to send a nightfall transaction like several dollars expensive that's not a practical system at scale so if you're going to do you have to do it at the protocol level and zero knowledge proof really are where they need to be yet for that to make sense furthermore you also need to have smart contracts that enjoy private computation so we wrote a paper on that called Kachina there's another paper called Z exe that the Z cash guys wrote which is quite good and I recommend reading both of them if you're interested in the topic but that's really the next logical step just not the blind movement of money but also computation all right let's see what else we got here I can't see nations using a third party national currency crypto will be facilitating move it but not including utility or business contracts well actually nations use third party national currencies all the time if you live in Greece you use the euro that's not issued in Greece so it's quite common actually amongst the diversity of nations in the world to invite foreign currencies or transnational currencies and in some countries like Kenya actually utility tokens like m-pesa are just as popular in many places is the sovereign currency if not more so because of they have less volatility in Argentina it's very common for people store and spend value in the US dollar and the government tries very hard to prevent that but there's not much they can do because the dollar is much stronger than the peso so I disagree there hey Charles any comment on CT that Cardno is still vaporware even the main net is releasing wait cart coin Telegraph said we're still vaporware I'm not really following your question restate your question give me something better hey Charles any update on direct ledger support we were supposed to do a demo actually at the product update in May for ledger Daedalus flight and that got pushed back just a little bit but actually at the same time a mergo just announced that they have led your support on your mobile and so there's great work on their side anyway we'll have a video coming out with Darko doing a demo of Daedalus flight doing this and that's a that's gonna be a fun thing I think you guys are really going to enjoy it we've been working on it for a while and it's it's not just ledger but treasure and then we're thinking around could we add other things like you to FA for example I was a little sad that we weren't able to get that into the presentation yesterday and I got a last minute abort from Darko side on it but probably next week or the week after we'll be able to do a demo and roll it to flight so it's coming very soon hey Charles what are your thoughts on Al Grant is that a competitor to card ah no I don't really view it as a competitor at this point um their commercialization strategy is not super clear to me and I'm not a huge fan of anybody who preserves intellectual property with their blockchains the patents that said I have tremendous respect for the team and I have a tremendous respect for the science that the team has done and I think Silvio's one of the great geniuses of the 20th century so it's always fun seeing their work and occasionally there's things that make sense for us to collaborate on or use for example they wrote a great vrf implementation so there's little things like that that come and go and I think overall they're one of the good actors in space and I like to see more of them because while we have differences of opinion about science and technology we disagree without being disagreeable meaning that we get it long with that team and occasionally talk to them from time to time I have a lot of respect for the Z cash guys as well well ledger life allows staking likely not but cold staking is a requirement for ledger integration and the vacuum lab guys are doing that so when we release Shelly we should have that firmware update done unless there's a delay on ledger side but it will support staking from the ledger oh crypto Twitter's ct4 yeah III a CC T and I think coin Telegraph and that's why I was getting confused yes I'm very tired hi Charles hi from Colorado Springs again love the project the dedication the vision thank you and the entire team pulling this off a lot of time and effort and making this happen yeah I love Colorado Springs beautiful cities some good barbecue down there it's always fun to drive through Castle Rock as well go to that outlet mall get some new shoes you know it's a beautiful state when can we expect Dedalus mobile it is not in scope for the 2020 contract but we do have a great mobile experience through your ROI which I would highly recommend for the renewal we will propose a mobile plan that we think will make us best-in-class and we'll certainly have that at a later date the mo app mother of all proposals hi Charles well today Zetas still be valid after Hart fork yes 100% we'll transfer over the user really doesn't have to do anything just credential rotations so you can go from the legacy address to the new addresses so that you guys can stake with those addresses but they're the same main net fact one of the reasons it took so long the ship was that we had to find a way to accurately and preserved fidelity and history it would have been a lot easier to do it AOS did which was issue in a our c20 token and then dual a airdrop to a completely new chain we didn't do that we launched with our own network and we had to somehow find a way to preserve that network and roll it over to the Shelly network and not allow all the sins of the past to cause problems but at the same time be able to validate them and do that one codebase in a very natural graceful way super hard and it took a lot of work from Ezio and others like Duncan to figure out how to do that well and I'm real proud of them actually I really am they the work was exemplary but it was an extraordinarily difficult problem it's not commonly done in our space any multi corporations approach you with four interest real life applications yes we've had many it's very easy to work with large corporations at the science level pilot level prototype level the problem with these critters is that it's very deceptive and we see this this game played a lot in our space so all we have partnership Google or a partnership with Samsung or all we have partnership with this firm and then what happens you work from six months to year and they do something and then it gets internalized and the company pivots and they build it in-house you know if you go do something with Google you always have to ask yourself after they've learned everything they can learn from me why wouldn't they just do this with their thousand engineers that could do this at any moment and could be reassigned without compromising any existing products instead of hiring me to do it and using our particular blockchain what value does this provide they have larger Network effects they have more engineers they have more resources so they're not super interested in friendly integration and basically shilling a particular platform more often than not they use these platforms to beta test something in a neutral politically acceptable way and then basically they bring it in-house over time we saw this done for example IBM where they had initially a very close relationship with aetherium to the extent where they were even considering using a theory mister enterprise strategy and now we have fabric you know and I remember early days with aetherium were they did a project with Samsung there was an IOT project and basically they tried to build an IOT product with aetherium and that didn't work out so well so you see this a lot JPMorgan Chase is another example of this with their blockchain group so I'm a bit hesitant to say that large companies are the way to go and frankly the way that we can get the fastest best growth is for the SME side small to medium enterprises they have just as much need for a lot of things we're doing and they don't have the in-house resources to go and replicate a solution that and to end they would rather just use something also small governments as well okay so for your Daedalus paper wallet David Umar there's going to be a transition where you can rotate to another form of that and you're going to want to do that because even if you're storing your wallet as a paper wallet you'd want to rotate it to an address you can stake from so that you can leave your paper wallet as a cold staked instrument meaning that it stays on paper your private keys never touch Dedalus but you actually have a management set of keys that allow you to control from the Daedalus interface who you delegate to so you kind of get the best of both worlds you get paper wallets security but you also get to participate in staking so you're going to need to go to v2 and that'll come out around the time Shelly launches or shortly thereafter depending upon Darko's team how's the Africa strategy coming along quite well we're bidding on a lot of stuff we got a big thing with the ATA we're bidding on and we've gotten a lot of deal flow out there we've been around long enough that people trust us takes about two years three years to become part of the family then everybody just talks to you kind of figure stuff out but it does certainly take a point to get to a point where you have a deal that makes sense a lot of these deals that are proposed they are not batteries included and it requires enormous enormous amounts of work enormous amounts of work to fix them up to a point where you can actually make money or at the very least produce something of value to people and there's always the same thing there's tons of excitement they always want to do something and then it dies on the vine somewhere along the way so you have to have a lot of patience to do business in Africa and you have to have a lot of domain expertise and you have to have people physically in the jurisdiction yeah it's funny we see some of these projects remember oh we got this deal with this government oh yeah we know this we know this president we know this person's like everybody knows a president everybody knows some king everybody's got a connection putting a deal together much harder the only way I deal works in a place like Africa is that you have to align the incentives so that nobody who who lives in that jurisdiction let's say Ethiopia Rwanda whatever has an incentive to kill the deal they want to keep the deal alive because it's everybody's best interest to do so so you have to build consortium you have to build public/private partnerships you have to make sure the money makes sense all around you have to make sure local businesses are involved you have to make sure there's political consequences like they'd have to fire local people and like a whole village you get laid off or something the when you put all those pieces together then you have something real but it literally takes years to construct all those things so it's not a game for the fast it says it's about three to seven years to get something done that's why we always had a long arc view but ultimately it's the most meaningful because if you pull something off you change the lives of millions of people and you give them access to significantly better systems and we have in the United States and they suddenly wake up 10 20 years from now and they can build real wealth with those systems to an extent that they end up actually competing more than the United States or Europe does or China does and so the fastest-growing economies will be in Africa in 2040 and 2050 if we do this right and that's how I'd like my legacy to be you know I really care a lot about this and I spend quite a bit of time in Africa when I'm allowed to travel for this reason and it's also just fun it really is some of the best moments I've ever had have been just going and meeting these incredible people all throughout Africa who have nothing and yet they're just the nicest happiest most interesting people who have the brightest outlook on life and it just regenerates and recharges you you hang out with all these neurotic rich people when you go to New York and Connecticut I have a lot of hedge fund friends and they show you their artwork and this other stuff and then they talk about their four ex-wives and you're thinking man I don't want this life and then you go to someplace in South Africa and the townships you talked to some guy and he has one billionth of that and he's significantly happier you say okay there's some wisdom here so I really enjoy that a lot more and it's fun working there it just takes patience I get old Steve yeah he's a good guy do you have any contingency Shelly released celebration planning or his mountain climbing 18-year old whiskey and paragliding still the cards I was gonna go to Antarctica I stopped working out I got lazy gained some weight didn't do the cold training all that stuff I'm sad about that why cuz coronavirus that's the easy excuse but I need to do better you know every now and then we let ourselves down I let myself down on that next year I'll go to Antarctica and do that for those of you don't know I was planning a trip to Antarctica where I was gonna go climb Mount Terra and I was gonna pair a motor down from Mount Ararat climbing it and I was gonna do it shirtless yeah basically in the snow using the wim HOF method and I actually this Finnish arctic explorer I and all these other people lined up even a photographer used to take pictures for National Geographic i I collect all these weird friends and they when I told him I was gonna go to head artico they're like yeah I'll come and I said I'm not gonna pay ya I don't care just pay the pay the trip anyway next year I'll go and it'll be a lot of fun and I actually should I was lined up to train with wim HOF too in March and that got cancelled because of Corona it really is depressing so many great things got canceled for everybody because of Corona not just the fun stuff but business stuff as well a lot of opportunity was lost so hopefully hopefully it'll get better hey Rick so Rick house a house pioneer day working for you have you get what exercise have are you on right now the economy got cancelled yeah for this year you know tomorrow SpaceX day you know many of you may not know this my cousin works for SpaceX he was one of the guys that worked on the launch pad for the Saturn 5 rocket SpaceX bought that and his job was the refurbish it and get it ready for the Falcon 9 heavy and starship and all these other large scale rocket programs that they have you know SpaceX is probably one of the most remarkable companies I've ever seen they started from such a simple premise that hey technology's gotten a lot better why are we still doing things the way we did things in the 1970s and 80s let's just apply modern stuff and first let's come up with a plan to make space travel significantly cheaper and reusable ok but then they built this cult of ideology around this concept of making humanity multiplanetary and so what they were able to do was leverage these two components together to convince super brilliant people to to join the company at a significantly lower salary band than they would get at Boeing or Northrop Grumman or any of these other companies many of you may know that I went to see you Boulder and when I was at cu-boulder SpaceX was very aggressively recruiting from cu-boulder my University famous for astronauts I think we had like 19 astronauts go to CU Boulder it's a great aerospace school great air aerospace engineering so all the time the recruiters from Boeing and all these other places would always be trolling the halls and the students never wanted to talk to them Boeing come and be like we'll keep a 200k here in SpaceX be like will give you 45 K and you'll have like three layers of cubicles stacked on and you'll work 900 hours a week and they're like oh man SpaceX it's the way to go and if you ever visit their facility in California it actually really does feel a lot like NASA in the 1960s when they were building their way up to the moon landing you know they they're just all young they're super passionate they're super excited and they legitimately believe that this is the vehicle that will get humanity to Mars and honestly if the economics continue working out the way that they do SpaceX will probably accomplish that by 2030 it's in a remarkable thought it really is given that we went from we weren't even at a top 10 for manufacturing of rocket engines the United States when SpaceX was found now we're the number one manufacturer in the world and we have the best rockets and the cheapest rockets and the most efficient rockets with the best technology to get into space as a consequence of this one company and it's fundamentally changed the entire procurement model and the ratings model ula got their asses kicked absolutely asses kicked by SpaceX to a point where they went from the most reliable vendor to the least reliable vendor and then the other thing is that SpaceX has the ability to take risk NASA doesn't anymore you know they had the rocket just blow up I think yesterday or today I can't remember the starship they don't care they'll just build another one remember these Falcon rockets used to blow up - and they picked them up off the beaches and they just fix it go on the next one and that was how NASA used to operate they said look you know attrition happens problems happen exploration is risky I look at the people who tried to go through the Northwest Passage some of them say Kansas it came to the cannibalism it's probably a worse way to go than blowing up on a rocket so we'll roll the dice we'll take the chance people are willing to do it for the greater good let's push it let's push it to the wall get people inspired again that's their culture and it's really forced humanity into a into a new level so I have a huge amount of admiration for SpaceX and I think it's one of Ellen's better MA adventures you know Tesla certainly another one but Jesus Christ SpaceX is just a special company and that launched tomorrow if it's successful will be the dawn of a new era for human space travel and suddenly things like the moon and things like Mars will no longer look so far away they'll feel like inevitabilities I remember my dad and and my grandfather they grew up in a time where there was an inevitability about it you know when Kennedy said we're going to go to the moon before the end of the decade people believed him and when Bush said it no one believed him and when Obama said it nobody believed when Trump said it nobody believed him so there's a cynicism and skepticism in these in these projections but when musk says it I kind of believe him so we're getting that back we're getting that magic back and that's what you need to be successful if you're an entrepreneur a young entrepreneur the first thing you have to achieve is belief in your own vision no matter how crazy it is belief in yourself and the second thing you have to achieve is to be so delusional that you can convince other people around you that your vision is real and you actually can achieve it it's pretty crazy thing to do anything new especially when there's a high probability of failure greater than 90% and that's what must did and that's what SpaceX did and they did it at such a scale and level they even convinced NASA and the US government that they could be the course the ride-on and if they pull this off then everybody will pretend like it was self-evident and obvious and this just a way to do things before they were founded it was not so it's it's an amazing thing yes I have met musk Yusef he has come see Boulder a lot his brother actually owns a restaurant Kimble Musk owns a restaurant in Boulder called the kitchen so occasionally you see his brother in some cases still cooking brothers a billionaire and he's a chef and he'll actually cook and talk to people so musk does does come out here a lot flies his jet he has this beautiful - so Falcon I don't know if he still has that wonder if you upgraded to a Gulfstream or not but he'd fly to Rocky Mountain Airport and going up to a cu-boulder recruit some kids do a presentation and then go eat with his brother a super nice guy very introverted that selfie with musk and ayah that was when I was at cu-boulder and I was still student there at the time any mccann news yeah you'll see the Macan news with Cardinal org they're working well Obama gate yeah that's a more interesting one you know when I was a kid I remember reading about Watergate and the scandal of Watergate was that a US president was spying on his political opponents you know and there was a cover-up now we have a situation where a US president uses US institutions to spy on the opposing political party and you can say well there was legitimate reasons for it or not but you'd have to imagine that such a thing would be pretty sensitive affair and it wasn't really treated this way it was done through the fysop process and we've discovered is vice' in general is and we've known this for a long time is a just horrible mechanism for actually having checks and balances for oversight and nobody cared about it because we use FISA on people living in caves and you know people with no money and no political access who have strange names and speak strange languages so people say oh you know whatever now we're starting to use it on political candidates so what would stop Trump from basically doing the exact same thing to Biden it's not a good precedent and it cannot go down that road and this is the same scale in my view is Watergate and you know the dishonesty as well where people under oath and secret meetings would say one thing and then immediately leave and go and talk to the media and say the other thing I it just shows you that we've descended to a very bad era of hypocrisy where it's okay to lie as long as you get your ends that's the system the rest of integrity and it shouldn't be this way it honestly should not be this way so I hope it all works its way through I'm very skeptical it will everything is so political that people aren't really concerned about principles anymore they just don't care about the truth they just don't care about integrity of systems people will do what is ever necessary to get power and they'll do whatever is necessary to stay in power and this is a bipartisan think the Republicans have certainly done some horrible things as well in the United States so I think guys the only way we're going to solve this at this point is a constitutional convinced we have to actually replace the existing federal government with a new structure I have no ability to vote my way out of this nor do you if you live in the United States I live in a blue stage you live in a red state as I mentioned earlier this morning so what does this functionally mean it means that these elections are vacuous the system doesn't let you actually pick the people who get to run those people who succeed in running are pre-selected we saw this with Clinton and we saw this with Biden okay the only one we've had recent memory who wasn't was Trump himself and he found a way to work within the system and make himself acceptable which is why he picked rents previous the chief of staff and pence as the VP and so forth and managed to work his way through that so the only way we're gonna solve it as a constitutional convention at this point and fundamentally rewrite the way that we elect our officials Institute term limits change the way that our money works and our budgets work push more things to the states especially Social Policy so you have more dynamicism there there's got a lot of work that needs to be done and it's not something that can be done today but it will be done sooner rather than later because America is fracturing we're falling apart wherever you fall in the political spectrum it's just not acceptable that our cities are burning it's not acceptable that people are filled with so much rage hate and anger and that it's become a political game to take people and make them hate each other just so that because of that hate you can get wealth and power all you're doing is you're destroying a great nation and you're destroying a great people this is the country that dreams the big dreams this is the country that gave the world the Internet this is the country that cared the big diseases that invented antibiotics it's a great nation I and the world is a significantly better place because of us but at the same time we're squandering that greatness and we're descending into a chaotic division where we no longer view each other as part of a same universal culture in the American Way and now we view each other as a bunch of tribe that have to fight each other for some table scraps and just today where somebody said I didn't earn my money you know the time my grandfather you know wealthy people were admired they said well that's the American dream congratulations and achieving it now if someone has money you didn't earn it you're not real you you stole it from somewhere you inherited it or you got lucky and a screw you're business accumen we must destroy you you know you have to pay your fair share apparently I live in a tax haven Colorado is a tell one I say well I live in Colorado you don't you live in Wyoming that's news to me my farm right now I pay taxes in the state of Colorado I don't have residency anywhere else got a Colorado driver's license Colorado plates on the cars but no no we can't believe that because you know this is where we're at it's not a healthy thing and if this continues there will be a civil war that's what's going to happen maybe 10 years maybe 20 years but that is where we're being led no one trusts institutions anymore no one trusts anything anymore we're losing our core we're losing our integrity and we're viewing people who disagree with us as the enemy the longer that continues the worse it's going to get for everybody so it's got to stop it absolutely has to stop it's quite a scene in Washington right now it's insane yeah and people have every right to be upset guys years ago if you look at my tweet history I remember tweeting about a cop who threw a flashbang grenade into a crib permanently blinding a child and the cop later on laughed about it these things happen you know and they say oh but all it's not all police are like this I said well the problem is the institutional culture the war on drugs created this incredible vie swing and it created an incentive for these departments to get progressively more powerful local governance decided to view these people as revenue collectors instead of people keep law and order in peace and because the department's never admit problems when they occurred created a culture of hiding things this particular officer who killed the person if you look at his record he's killed multiple people and many many many complaints of abuse and just it's a revolving door and the saddest part of all of it is this is not just an isolated case that never comes up we've seen a lot of it and I'm disgusted by things like civil asset forfeiture for example that's another thing that should be protested every day it is the closest thing to state-sponsored theft the United States has ever come up with where a police officer can pull you over find a bunch of cash on you and say I'm going to take that money from you okay it's mine now and the only way you can get it back is suing the government to prove that it's legal money can you imagine that where I as a private citizen did that t I show up I see five grand sitting in your front seat your car I just take it put in my pocket say well it's probably drug money you have to sue me to get it back and prove it's yours and oftentimes people settle for less than what was forfeited billions of dollars every year civil asset forfeiture there's many cases drywaller in Virginia dramatist car just got paid for his work and it gets pulled over and they say oh well that's that's drug money and then just take it move on it is theft pure theft where's the outrage there you know it's not these little events there hi emotional and they certainly should be talked about but it's the institutional and systemic events that have to be discussed because those impact the lives of hundreds of thousands to millions of people from the war on drugs to these types of things and they have to end they absolutely have to end they've destroyed so much and hurt so many lives I remember in 2012 when rule number 12 was changed as the final censorship the Paul campaign yarik that's why I didn't go to the Republican convention that year we had so many delegates we should have been able to speak on the floor they changed all the rules for the convention at the convention without a proper vote to basically silence Paul and they said look if you back off and you don't cause problems we'll be good to your son and we'll let him be a senator so he did but it was [ __ ] up it was so [ __ ] up back then so I feel for you Bernie guys because we went through it in 2008 2012 I was eating with a mask on going I went to a restaurant that didn't require me to do that that's call vote with your feet Aloha from Hawaii Mahalo for those of you who don't know I was actually born on the island of Maui and it was my home for several years and I still go back whenever I can I truly do love Hawaii it's one of the most beautiful places in the world Charles house prizm and what can we when can we expect a showing I assume that's the question mass adoption prizms great and we'll have a demo at the I which case summit the sentiment that we're doing um in July and there's a lot of really cool things to show Billy Ferguson says police in Roanoke Virginia pulled me over because I was switching lanes in and out of traffic and I was in A's 330ci BMW less than a year old at the time I had 53,000 cash on me and they took my car and my cash I assume that's finishing the statement and my money and told me someone would be in touch yeah I'm sorry you went through that man welcome to the theft State from Switzerland another one of my favorite countries for many of you don't know this but what someone actually doesn't have a head of state it actually has a committee that rules it and they call it first among equals what are you coming back to Canada sir my chief of staff lives in Toronto and I often do try to go up to a Toronto because we have so many good friends up there so as soon as I can but I think the borders are closed right now or even if they weren't it's difficult his prism a did platform yes prism uses the did as the basis of identity the did standard hi Charles are you still retweeting pool introductions there's got to be a more efficient way of doing it because I miss a lot of them I'm sorry guys when I do but yeah if you tweet me I'll be happy to retweet hello from Gillette Gillette Wyoming no [ __ ] that's where my parents live unless you're talking about the razor his mint is still relevant no not really but there's something going on there we can't talk about it but there's definitely something going on there we are we found something special so that I still have some [ __ ] in my back pocket yeah there's some they're given how globally changes for up to eight it will be do you ever fear being assassinated and if I get assassinated I get assassinated it happens you know you don't get to choose when you go out I have cancer die have a heart attack get hit by a car man whatever it is but you know why you just get to choose with what to do with the time you have and you can't live in fear and you can't believe that the people who have the world the way it is are so powerful that they can never be removed the reality is that every dictator every evil can be corrected if good people are willing just to stand up and fight and sometimes you have to make some sacrifices along the way but what the hell else are you gonna do with your life live as a slave it's better to die standing than on your back yeah I do need a haircut you know the sad part about Caesar by the way octo man was that actually if they just left him well enough alone he would have never come back to Rome you know Julius Caesar was obsessed with Alexander the Great throughout his entire life he referenced him many times in the commentaries and actually it was one of the reasons why he got so pissed off when Pompey was killed in Alexandria and in Egypt was that his plan after becoming dictator for life was to basically go and reconquer all the territory is that Alexander the Great had conquered and leave a political class in Rome to basically run things in his wake he had no intention of just sitting around Italy for the rest of his life getting fat and being king you know this is the guy that subjugated the Gaul and you know those were the dudes who sacked Rome just a few hundred years earlier so if they had left well enough alone he probably would have accomplished that and made substantial progress and or at least gotten killed on the field of battle and they wouldn't had to assassinate him and it's a great example of what happens with blowback the fact that they assassinated him created a political environment where Octavian was able to systematically kill everybody who opposed him had become dictator for life and established the Empire became Augustus Caesar so sometimes the best thing to do is just simply to leave well enough alone and get out of a person's way and let them go have a destiny with history just avoid the clintons and you should be okay yeah that's definitely true yeah that's that's one that's one area where I'll agree with you guys look at your office you got nice paintings as you watch Bob Ross growing up I did the joy of painting was one of my favorite shows Google is using rust Google uses every language guys the but they're predominantly using Java JavaScript Gogh and Python you know they have a few other languages here and there and a lot of specialized stuff they've even written their own programming languages for internal things but Google certainly we wouldn't surprise me if they have several Russ projects but I'm willing to wager there's a lot more go code than Russ code yeah the gladiator painting is from mahjong you know as your own you know why I love that painting is that you notice that the gladiator is looking up after he's defeated the other gladiator and that little hand sign is surrender this is yield so generally after they do that they look to the Emperor or whoever's hosting the games that's the guy in the purple robe and he gives him the order of whether to save or kill the person who's surrendering but the gladiator is instead actually looking at the audience much to the disappointment of the Emperor and the Emperor is probably Caligula or Commodus because of the purple robe that he's wearing I never looked into it but anyway the the point of the painting is that the gladiators become intoxicated by the perils of Fame and what he doesn't understand is that that very same group of people that loves him at buyers him and is telling him to kill the other gladiator if he was on his back would be saying the same thing about him and the emperor knows that and the next fight will probably be arranged to remind him of that and he won't fare so well so it's a warning to those who get too big for their britches have I awaited an academic research on a stable coin we do have an stable coin team at Iowa J and we do study these things and we look at it from different dimensions the actual economic dimension and monetary policy dimension we look at it from a capabilities and technology dimension we actually look at it from a regulatory dimension as well so bruno paleo is leading that and he's doing some great work on it but we have dozen to say at the moment because it's still early days in that and I have a pretty strong opinions because I've been thinking about stable coins for a long time what is the predominant coding language of Cardno at the moment Haskell and we've done a lot of work to make Haskell work for us and at this point we're actually seeing the work pay off but it did take quite a bit of time will there ever be an option to make transactions and balances private if you guys want it we could build it and that's actually something you can talk about as soon as Treasury Systems turned on and we start talking about renewing the roadmap mean the magic of these things is that this goes where you guys want to go as much as it goes where I think we should go and the my job is to get Cardno to a point where Cardno is capable of making decisions for itself and then we make arguments of why we should go left or right and then basically people will make that call and then we as your humble servants will go and figure out a way to do it or someone else will be your humble servant figure out a way to do it but that's how you truly achieve decentralization that's how you truly achieve a great resilient ecosystem and you have confidence that that thing is going to be around decades from now Charles I contacted the etherium Foundation through their grant program for my idea on how to incorporate art for artists is this something similar for car Donna we have something better when the Treasury launches you actually don't have to go and talk to a centralized foundation for permission you can write your own ballot take it directly to the community and people are going to be able to vote and if you have a truly good idea and you're fighting hard enough for it eventually you'll get funding and you get funding not from an organization but directly from the car Donna blockchain so we will definitely talk about that and the time that it needs to be talked about and sooner than you guys think and there's certainly a lot of great announcements coming and I think that'll really supercharge our ecosystem it's just so powerful knowing year after year there is a replenishing well that will allow people to go and try experiments and cool things with that be deploying ATMs or their favorite DAP or whatever it might be and really get it some where it needs to go so I think Treasuries are one of the greatest inventions in the space and if we get it right you'll see the same thing that we saw with mining where it went from a laptop to gigantic mining warehouses similarly if you get a Treasury system right you have this positive feedback loop where it gets stronger and stronger and more and more people are brought into the ecosystem from it you get more and more certainty and stability because you know that the funds are there to keep the ecosystem going and growing in vibrance a very powerful thing can you highlight or talk a little bit about the special guests vint cerf yeah so Vint was Phil wobblers boss back when Wadler was at Stanford and so we thought it'd be super cool for now these two old men who were very young back in those days to get back together and start a panel and we'll have some other people on the panel too and talk about the history of the internet and in particular if the internet was made today what would they do differently knowing what they knew so it's an open conversation and the point of that was to really think carefully about cardano's future in that if we're six the exact same question will be asked of us we're gonna have all these mistakes we made so we have to understand that we really are standing at the arc of history and so I felt it was really important to look to the past so that we can have some clarity for the future and hopefully do things a little bit better and do understand that no matter how well we plan things there's just stuff that comes up when Vint was around the idea of a mobile computer was pretty preposterous they were very large the idea of four billion computers was a pretty preposterous idea as well and if the network went down you'd actually call the person who was running the server on the other side they I had a phone book that would link IP addresses to phone numbers they even had a phone book for email addresses so if you couldn't remember the guy's email address you could look him up in the book and you could find his email address correlated with his name that's how small the Internet was when these guys were building things obviously things have changed the bed and so quickly that unfortunately some mistakes were made that we're still working our way through what Google is working on quick and all these other things and Vint is a great speaker so I think it's going to be a really fun panel and it's just a great opportunity to give us some grounding in some sense of why we do what we do what was the first game that Phil Wadler built Justin I should I think it was some sort of pong game but I'm not sure so actually we'll definitely make that Phil's introduction we'll ask him to talk about that game because I don't think he gets enough credit for that I want to make sure that that gets kind of squirrel dawei in history and he gets credit for that he's done certainly a lot of things throughout his career he's got more 25,000 citations but that's probably one that that history shouldn't forget power to the edge Charles one will more details in the ADA distribution and inflation plan be published I mean they're pretty well known we have 30 1 billion ADA and the maximum supply will be 45 billion as for the exact inflation schedule we did create some calculators for that and they're somewhat similar to what the ITN proposed and there's actually an omission scheduled I think in the formal specifications Cardon org will host our documentation when we do the rewrite and we're working our way through that and it'll include the monetary policy update so that'll be in present before the launch of Shelly interesting statistic current ITN Treasury just broke 100 million ADA today so that means that when we turn on Shelly and all those ITN rewards move over the itn Treasury at the moment today has what's the price of eight guys five point eight cents five point eight million dollars in it ready to go for you guys to use as soon as the voting mechanics are turned on think about that do you know you know Mike Morhaime II from Blizzard now I don't I met bill Roper once years ago but not Mike it's six point eight cents well [ __ ] so six point eight million dollars see I don't even pay attention that much to price guys um when we hit one dollar it'll be nice because I'll be like I'll buy that for a dollar I already used that ones before bill Roper by the way he was famous for Diablo and he did some great game development work there I know a lot about game development you know not just because I buy video games but because I think it's pretty magical it's one of the last mediums we have for pure communication and storytelling Charles do you still on Bitcoin yes quite a bit quite a bit of it coin Charles are getting a ps5 I am an Xbox man that's probably the most controversial thing I've ever said you know it was Trump stuff Biden stuff oh yeah PS 5 vs Xbox I I've always liked Xbox although PS is great technology as well I have a lot of respect for the engineers at Sony who's your favorite architect well that's a good question I mean the canonical questions always Frank Lloyd Wright right but actually I've never really liked his work I'll have to I'll get back to ya next next AMA I'll think about it yeah it's not something I really think too much about do you play Halo I've listened to the soundtrack and of course everybody knows Cortana have you considered letting South American vendors use a DES let's be very clear here I don't let anybody use it anybody can use this open system it's an open decentralized system so yeah if they want to use it use it who's your professional wrestler there is only one correct answer that Macho Man Randy Savage come on now come on now it was it was theater to the max I mean yes Andre the Giant was great Hulk Hogan was great it's always fun to see Jake the snake but my god Macho Man Randy Savage there's just no one like him Charles how many ADA users you currently project there is that's a very controversial and difficult question we've had over a million downloads lifetime of Dedalus and there's been certainly a lot of Euro users you can even look at those statistics on Google Chrome and then you can look at statistics about how many people have you use ledger with Cardno and then you can look at other it tastes like the amount of active addresses and UTX so it's about three hundred and forty thousand that you can look at the amount of telegram subscribers we have we have over 10,000 the general channel you add all telegram up it's over 50,000 especially when you have non-english language then you have the reddit subscribers which well over 50,000 so there's uh there's definitely a lot of ways you can cut that but I'd feel pretty confident saying they're greater than 50,000 active users in the ecosystem and there's probably more than million people who have been exposed to ADA to a point where they're aware of Cardno and they've either used it or played around with it to a certain point but these things they tend to grow very quickly once you get to a certain threshold you look at Bitcoin aetherium ripple or these other ecosystems that are much older and where they've gone oh yeah 80,000 on reddit there you go Charles favored MMA fighter Chuck Liddell your computer specs this is a Microsoft Surface studio to that I'm using Mike Foley man Kyle was way crazier than Randy Savage no no the thing about Randy was that he was just at that level of absurdity that it was amazing but it wasn't overdone if you go too far you know it's it's like a parody best NBA player except Jordan Wilt Chamberlain was pretty [ __ ] amazing and actually you guys might not know this but Wilt Chamberlain was actually in a movie with Arnold Schwarzenegger he was in Conan the Slayer he played one of the guys and actually fought Conan there's this beautiful picture you can find if you google it with Andre the Giant Arnold Schwarzenegger and will Chamberlain together and Wilton Andre or holding sports ager up and he looks very tiny next to that so is this just one of those things that history gave us that kids today don't know anything about and he once found traces of blood in Macho Man Randy Savage is cocaine stream oh my god that's great that's great destroyer yeah that was it I've never played World of Warcraft was after my time when Rogan Charles after Voltaire when we have a lot more momentum it would be great to go on there he's all about Spotify now he's all about [ __ ] YouTube and the censorship stuff I think there's gonna be a great 2021 conversation with him favorite whiskey the Japanese stuff is really good this is a dry year though so next year I'll tell you I haven't had a drink since December any details updates a multi-sig functionality that should come out with Shelley we have a multi SIG's specification and we wrote a language for multi sig it's a very simple scripting language to be paired with Plutus and those capabilities aren't super difficult now and it was a business requirement of the shelly code so that'll come in either exactly at the time of Shelley or shortly thereafter the harder part with multi-sig is not the scripting it's the coordination so you have to send the signature around to get signed and generally that's done by a trusted third-party server if we had something like pub/sub then we would be able to easily do that but we're still talking around how to do that well so it'll come it'll come before July 29th hopefully do you play racquetball no I was a Taekwondo kid and judo those were my physical sports that I got fat and old I was pretty good back in the day Tyson or Hollyfield guys Tyson he's first four years younger and holly feels looking slow Tyson's looking like a beast I think he's Juicin but yeah Tyson's not done he's got some fire it's the name of the face-painting behind you that's a ghost of Clem what is this Kachina thing I keep hearing about it is a private smart contract system or it is a kind of intermediate spirit that allows you to talk to the spirit world you have to dance to talk to them and then they tell you what the spirit world has to say so depending upon your perspective either give you all kinds of cool interesting information or conceal all kinds of cool information Charles who's a special guest you were talking about Vint Cerf Oh incoming Fort mean in a second token will be created no it'll all be the same we spent a long time working very hard to make it all the same just for you do you want a Tesla no I thought about getting one and I might get the new Roadster when that comes out if it comes out others talking about 1200 horsepower 0 to 60 1.8 seconds so that would be really interesting to to get the Lamborghini is 600 horsepower go zero to 60 in three seconds and that's crazy fast yeah Huracan great car I was surprised story behind that is that I did some consulting work and they threw a Lamborghini in to sweeten the deal and I said well [ __ ] and now I have to pay insurance on this thing it's actually not that bad it's only like 200 bucks a month for the insurance which blew my mind the hard part of the oil changes they range from about twelve hundred dollars to about three thousand dollars an oil change and my Cadillac ct-6 is sixty dollars and something like this is this is not right come on Lamborghini oh I use that acceleration a lot I've put ten thousand miles on the Huracan I thought it was gonna be like a fun little side thing it's a daily driver now Charles how is Jamison the horse he's doing very good he's got the jowls he's happy horse had just get us teeth floated no do you do not do it yourself oil change Lamborghini that's not a good idea don't don't touch anything just let the Italian guy play with it okay let him [ __ ] it up real graphene is still holding up well yep yep yeah it's it's great it's great by the way Maseratis are are just terrible cars absolutely terrible cars they used to be decent but they not really a big fan of them now I'll do my own oil change on the truck and all the other that's fine but you just don't want to [ __ ] with a Lamborghini if you screw one thing up you just created $20,000 in damage don't touch it it's very sensitive do you own any Arabian horses no all my horses are like abandon emotionally traumatized horses I have one horse that was attacked by a mountain lion and child died it was a she's a mare and her kid died of disease and then the other horse was a breeding horse and they they gelded him and it really messed him up in the head now he's all skittish for some reason I just collect horses with emotional problems that are not purebred and I keep preventing myself one of these days I'm gonna get a frisian but it never happens you can already pay with Ada and online jobs tavola for example you can book any hotel there's a lot of vendors that are doing that how's the hydro farming going very well very well TPS and Shelly launched preyas is somewhere between 150 to 300 TPS is exactly where we need to be to be competitive with all the offerings you know there's things we can do to accelerate that but we're not going to be at that load or capacity this year and we have lots of things to roll out next year that will take us to even greater levels so we're not really worried about it rina recursive internet work architecture well we're gonna have arena esque presentation at the virtual summit will have neil or peter do that and the network team do that and talk about what we've done with the network we have a hundred and six pages of documentation for the current card on a network stack that we developed for shelly it's one of the crown jewels and hidden gems of the research we've done by the way is CEO got in a lot of fights with my network team we we've had some legendary shouting matches and it's been a contentious issue because they they did a lot of work they reinvented a few things and they they pushed the boundaries of certain things and i you know at the end of the day with its now on the other side of the hill so we could be very proud of it and take credit for it but it was certainly a long road and what's great is that we now have a good foundation for a solid network stack for a cryptocurrency and most cryptocurrencies don't have that they work until they don't and there's a huge amount of complexity bugs and problems that are introduced getting the networking to work correctly moving into 2021 it would be super cool to have a much more address aggressive or boris like research program where we systematically solve the cryptocurrency networking problems and we still feel that rena has a lot of viability in that respect unfortunately it may require special hardware and other things to be fully realized if we pursued a satellite strategy with halo satellites then then that would be probably a way to go leo excuse me so that would probably be an approach to take as an alternative backbone for the relay system but a lot to do a lot to do there but I'm very proud of it in the virtual summit we will certainly have a network track and talk about the innovation that we've brought and a lot of documentation is coming as well there's Libra dead and arrival yeah any any any of these things are DOA I mean it's what do you expect is a stable coin okay like why do you get excited about that there's no monetary innovation there's no or business process organizational innovation it's just one of those I have a platform with three billion people me too me too I want to come I want to be part of this club like go innovate you have all these engineers go do something novel did you consult a to pair with it's just the foundation I had nothing to do with that it was a foundation don't have any cattle on the farm excellent breeze no I'm thinking about getting Highlanders for the farm because I'm gonna get out Packers too and I guess you can shave both of them there you go who's your favorite classical composer by far Chopin by far absolutely amazing in fact I even have a piece here that I'm learning myself this is ballet number one and G minor opus 23 one of his best pieces when will a state-level voting system be available via Cardinal my hope is we can get much more aggressive in Wyoming and do something there in the next two year time horizon maybe at the primary level I think that's the first entry point in the United States that makes sense given the scope scale and the relationships we have there if not there then either the country of Georgia or somewhere in Africa so they're all kind of sudden death type deals but we'll get there and it scales very quickly once you have these things but in tandem we'll have the whole tare voting system and we have a whole voting philosophy that we're pushing out with that and that's only going to evolve a mature over time and we're very happy with that progress favorite Radiohead song you know creep but not by Radiohead creep by the the creep very cover that was done for the social network quite good quite good do you know how to swim I grew up on a [ __ ] island of course the crew from Maui didn't know how to swim you people have you noticed any positive effects using lion's mane have you guys noticed any positive effects using lion's mane do I sound more coherent yeah I use it every day by the way speaking of brain stuff check this out just got it in today it is something really cool it is the neo rhythm and basically it's a neuro stimulation headband so it's a transcranial neural stimulation device and you use it to shock your brain and makes it hyperplastic for learning new skills so I will try it out and I'll let you guys know if I like it or not there's a lot of peer-reviewed research on transcranial neural stimulation I also have a halo sport over there as well and I got it for the piano playing so we'll see what happens worst car you've ever owned my Ford Taurus Charles do you listen to heavy metal well obviously Metallica did you say it was illegal to have a garden in Colorado no it is not it was illegal to buy seeds or they were not letting vendors sell seeds in Michigan which is batshit crazy Metallica killed Napster there's a bug on your blinds Charl those are moths for two weeks they are like a plague of locusts and they're gonna be everywhere do you think when Cardinal gets really mainstream that a CEO you're gonna have to change like Zuckerberg and be more political or you stay open as you are now forever I'll just stay open and take the criticism I mean what more can they say I've been called a scammer a sociopath a narcissist a horrible human being an incompetent person not a leader they you know people have yelled at me in public I've gone to cryptocurrency conferences and had people walk up to me and say spit on me and say go [ __ ] yourself I mean yeah obviously I have to get some security at some point but now I just keep doing it you know why not what are they gonna do you know it's like I'm not one of these snowflakes that says Oh words are bad hate speech it's like you can't hurt me guys my life is great so I'm just gonna share my opinion and do my thing and you know if people like it they like it if they don't like it well then realize the things we build are bigger than me and it's a big tent and you can live on your side of it and it's okay if italic and I can be in the same space and Dan and I can be in the same space and we don't seem to collide very often then that's oh good that's great a lot of tar monsters out there I'm actually having custom telegram stickers made right now and I will have a molten tar monster sticker I'll let you guys know when they're coming out I figured it'd be a nice way to viral market the project low-cost high-return any book recommendations currently reading the art of learning from Josh Waitzkin you guys may remember the movie finding Bobby Fischer where Josh Waitzkin was considered to be the next Bobby Fischer and he ended up leaving chess and becoming a Tai Chi master and I'm actually taking Tai Chi now I have a Tai Chi instructor coming into the office and do all that Tai Chi stuff I'll let you know how that works I think it's gonna be like every Friday or something like that and I figured I'd double down and read a Tai Chi book as well so the art of learning is really cool I like Josh Waitzkin what are your thoughts on an MN and resveratrol by David Sinclair or as Verrill is great for your heart I guess there's some anti-aging stuff there too you get it from grapes but it has low bioavailability so it's a little difficult to take it as a supplement your Guitar Hero skills terrible Charles Hoskinson what's the biggest ongoing scam the Federal Reserve right now they printed six trillion dollars out of thin air think about how devastating has competing I'm Derry I'm seriously worried about that they can't keep doing it for long how do you feel about the progress and contributions of CF in the Nathan Kaiser era I think the Kaiser administration has been exactly what it needed to be during the Parsons administration it was a time of great nepotism corruption ineffectiveness hostility fear paranoia it was blatantly untolerable and we did everything in our power Amerigo and i which k to try to be friendly and find a way through it work through it and just get everybody to the table and agreed on basic things and it just kept getting worse and worse and worse and worse and worse and it eventually came to a head so when Kaiser came in it was like they were watches the show Star Trek ds9 when the Kardashians left the space station and the Federation takes over with Bay Shore and they're like the whole place is trashed and nothing works it's all falling apart I mean literally that's what was left it couldn't clear an audit to save its ass the Swiss authorities were like what is going on this this is horrific there was no accounting system no internal control system and the legacy of the Kaiser administration is that they restored credibility integrity and operating ability to the foundation and it wasn't even clear if that could be restored to a point word even be able to be saved but not only have they managed to save it it's gotten to a point now that Passons come in and Nico's come in and there's been scale up that the foundation has actually become a productive good member of our ecosystem and it's doing real work and it's carrying itself they encourage the PWC to come in they've encouraged McCann to come in they launched the CIP project and did that and they're just growing so quickly and so it's a very very different organization and it's a lot more fun to work with them and we can productively work together and Kaiser has a huge component of that he's a smart guy and he had to work very hard and take a lot of personal risk to to get these things done those who are on the council at swiss foundations have personal liability for these things they're not indemnified as much as they ought to be so it was a big risk to walk into a situation like that and and turn it into something that it is today and have that contribution the same for domino bear key you know he's one when me saying they're all superheroes in their own respect and they walked into a bad situation and they turned it into a good situation and and I have nothing but enormous respect for people who do that who are willing to take those birds for us our ecosystem and just do the work you don't get a thank-you for no one ever looks and says congratulations you've passed an audit you get an unqualified audit congratulations you've you know cleaned up your books congratulations you've installed basic management systems and control systems prevent what happened to past from coming back no they just say that's the standard but yet to get to that point from where they were at took superhuman effort and a lot of stressful long nights a lot of meetings in different languages and it was just not a joy it was the broccoli of business and you don't get the sexy outcome of being able to make product announcements and getting the love and accolades of the community and said you're anchored to this bad brand and you have to turn it into something good so they don't get enough credit for what they've done and I'm really looking forward to where they go because now they're a force for good in the ecosystem and as the board diversifies an executive director comes up or all these things that happen that will happen eventually hopefully sooner than later and I have confidence in that then they all of a sudden turned into this entity that month by month as making announcements month by month is building things up bringing new people and building business partnerships and alliances I mean for example we just recently transferred a lot of the exchange stuff we do to the foundation they should have always been doing it they couldn't do it because of what Parsons had done to it but now they are and as joy just makes my life easier community management is also moving its way over the foundation and it's almost entirely there now and that's just a joy the Cardinal effect is funded from the foundation that's just a joy this was not the case a year ago so overall very happy obviously things could be done faster differently if I was there I'd have different preferences but it's not my call and it shouldn't be my call there should be diversity and independent thought there should be Federation and they're now achieving that and that's a beautiful thing for the ecosystem and ultimately makes all of us stronger and I'm very happy about that hey fossil good to see you buddy greetings from Plovdiv I love fossil is one of my favorite people in the community I still have those gingko biloba seeds you said dates for Shelley when are we gonna get dates for legends of valor yeah hey legends of valor you know I did a whole video on that one of my favorite games when I was a kid you know the magic of and by the way being a game developer you get so many great car I was at my bank today coincidentally finalizing that damn transaction took me two weeks to send a wire transfer holy hell chase canceled it and said ah you know it's the park lease we don't know if it's a legitimate wire wow man you guys got problems I know it's taken care of so I finally own it the money's out great and I was tired of the banker today and he's training right now to become a developer and he wants to be a game developer so we ended up chatting for about 5-10 minutes about different game engines and where the industry as a whole is that and really it's absolutely amazing to see what you can do with yeah all these different genes I'm gonna go dot Babylon are incredible in their open source and then the commercial engines like unreal and CryEngine and unity are just remarkable as well so really it's an all-you-can-eat menu where you can dream something you can create something you do it very quickly and you can add all kinds of cool things like the motion capture suits are super cheap and easy to use and a lot of fun to use and easy to work with blender has gotten so much more advanced over the years since when I first went to school to now I can I remember taking computer science courses and half the kids I was taking classes with were game developers they wanted to be game developers and just seeing what they had to do to build a game then versus what you can do now it's incredible really is incredible so the hard part is scope that's really the hard part of scope you know you have to decide your game mechanics you have to decide you know and bounds or not and the challenge I have for Legends of Valor was it was built in a time when game mechanics were a realm of scarcity anything you wanted to do you had to kind of just imagine it was possible but it really wasn't like oh it will have food okay super simplistic system now it's like you can do anything so you can do anything with a sleeping system you can do anything with a food system you do anything with a combat system it's like you can do because you your decision space is so much larger and the things that you can accomplish is so much grander and the game mechanics you can integrator is so much more sophisticated and integrated you have so many more dimensions to play with touch and VR and speech and so forth you really have to play the game of how do we cut instead of what is necessary so it's gonna be difficult it was gonna be difficult for for us to kind of pare that down where I'm currently at is more likely than not what I will do is I will go to Rwanda or Uganda someplace like that or maybe Wyoming we'll have a competition we'll see which one ends up and teach a Haskell course and basically do what we did in Ethiopia with those 23 gals and if the people pass that course I'll hire them and say you're game developers not congratulations and then I'll train them in peer script and I'll train them in basically game development and that'll be another six months to nine months of Education so it'll probably take about a year to turn an average CS student graduate into a reasonable programmer game developer and then they could write P R script Babylon J as these two things together and then we go do the enhanced edition and then while I'm training all those people out I'll have a small Corps of people work with me to basically figure out what we want to do with the enhanced edition of legends of valor then if we get everything right and all looks really good and we can then start building that game we should be able to build in about six months to a year now right now I'm actually having the code disassembled and I'm working with some other people trying to restore some of the old source code so we can get out all the original stuff basically pulled out so we have that and that small team will work with me to work our way through as we're designing the enhanced and we'll release it probably open source or at the very least as a free product build a big community nice fanbase around it and then we'll pull a pillars of eternity and do a Kickstarter type of deal and go and pre sell and get a big nice base of people for it and go do a remake and hopefully raise a few million dollars and build up something really remarkable that remake I would love to do with a system like unreal but I want to see what CryEngine has and the new unity builds have because of the PS 5 the new Xbox are forcing an evolution in the graphics engine game so there's gonna be a whole bunch of stuff that comes on market but that won't be relevant till 2021 2022 that that time frame especially optimizations of these systems and I'd love to see what the open-source community can offer so so you know occasionally I'll drop some hints that we're doing things and if we do do it Rwanda for example we'd love do it as a partnership with the government they're building this beautiful development parking Kigali that's very nice it's like their version of Silicon Valley and they're desperate for people come in and build something of substance there and it'd be super cool because we could do all kinds of vertical integration we can have our own art team and all these other people all together in one place and labor costs aren't so bad so we can be a bit more generous with the amount of people we hire so we can have a lot of diversity on that team and a lot of cool new art that hasn't really been seen before you know things tend to be very stagnant artistic styles tend to be very stagnant in game development it'd be nice to bring something a little bit newer and something a little different so oh you guys know you know it's been amazing to see how game develops were like real-time ray tracing with our TX it's like wow that was fantasy five years ago ten years ago now it's just like here we just okay I was I was always hopeful voxels were gonna be a bigger thing yeah you know I didn't didn't happen now I never followed the star citizen saga we would love to interview with our show crypto and coffee live we're huge supporters of Cardno and worked with Iowa Kay's doing yeah go ahead and tweet me and I'll send you a PM and give you the email address of my media director crypto and coffee yeah rod Alexander and we can get something set up through rod I'd be happy to come on looking for one more good question voxels will soon be available through the ultra platform I've been hearing a lot about voxels for a long time and mathematically they're very interesting but I've never actually seen them rolled out yeah it'd be fun to see that it'd be fun what do you think about Twitter fact-checking Donald Trump ha you know they play this game they play this game where they they play this game where they say we're open platforms anybody can be part of it and we don't take a position and we're neutral and we just we want as many people to come and play and then they then they say well that's not manageable so we'll add a code of conduct they have a code of conduct and then they're like wow that's impossible to enforce this when we have billions of users so we'll do selective enforcement and nobody complains when it's people without a voice who get deep platformed or you know have problems but then when they use it on political figures then it becomes a big issue and it's really interesting is that there's this amazing situation where every party has been on every side like the left was a big advocate of the Fairness Doctrine which came out and I think the 40s and it was repealed later on basically says hey you're this public utility you have to give all sides equal time this is the kind of the concept and so a lot of people said we need to have the internet be a utility and these social media platforms are not private entities or utilities as well and therefore they should be regulated by Fairness Doctrine s-type ways of doing things and then other people say oh no it's private company they can do whatever they want say whatever they want censor anybody that they want and of course that opinion is always subject to whether you are the recipient of censorship or the beneficiary of censorship so I wanted to see opposing party then it's all cool when it's your guy well it's the worst thing in the world I do believe that these networks because of their scale and their influence on human behavior are utilities in a certain respect just like the Internet is and to say that because a private company happened to have started it that somehow that should be the final say and a small group of people in San Francisco should basically get to decide what's legitimate speech and what's not what's hate speech what's not what's fax what's not fax is very troublesome because what happens when the Communist Party of China buys one of these companies off the stock market then they're a private company I guess they can just say any tweet that is anti China is now taken down censorship oh no it's private company we're totally ok with it so got to think it through you have to look at all these things so the only way to solve this problem is to make the platform a protocol like a cryptocurrency so there was a lot of good ideas in steam ultimately like all dan Larimer projects some good ideas mixed with some bad ones the bad ones overcame the good you had to move on so reevaluating the concept of blockchain based social media is important but it's a super complicated problem and we're not gonna solve it just one protocol you're gonna have to layer things together you need things like prism you need things like bats you need things like what we're building with Cardinal you need some notion of privacy you need some voting systems for community curation once you put all these pieces together you can build a protocol based social network and then the problem is solved because no private company owns the infrastructure and therefore they don't get to say what's legitimate or not legitimate with the infrastructure instead community curation will create an effect or messages that are preferred are elevated and messages that are not preferred are phased out over time they get they get dimmer and dimmer more buried and if you've done it right ideal flow should be very good in these systems and the emergent property of them is that they're self-healing and resilient and they tend to identify misinformation as opposed to accelerating the spreading of it the problem is that we live in an age of confirmation bias and we live in an age of siloing people tend to share things they already agree with and they tend to censor things that they disagree with so that means that instead of having the platform be an opportunity for people to diversify their opinion or increase their understanding of the world it's an opinion to accelerate the rigidity of their existing opinions and the stability of their opinions to a point where they think that everybody believes what they believe and the people who don't must be in the minority and whether they are or not so obviously these systems are not working as intended there's some great books on this like Alex Pentlands Alyx Pentlands social physics for example that's a great book to look at so it's super hard problem will certainly get involved in that space thought this your kids but we will I it's something important to me and the censorship is not going to go away the censorship is going to continue this is just the first shot it's pretty unbelievable that the United States president whoever that president happens to be is basically having his tweets be labeled with disclaimers if that's the precedent it's like wow this isn't this is not healthy for discourse the reality is whether you love him or hate him it's the most powerful person in the world he occupies the most powerful office in the world has the ability to end all human life unilaterally because he could just simply nuke us all if you want to do so that's the reality of that office whether that's good or wise or just or not well that's a different debate but that's the reality of the office as it is they have their own prelate Orion guard it's called JSOC and any man who can send black helicopters with Special Forces and shoot you in the middle of the night like Obama did with Osama bin Laden it should give you a sense of the power of that office so it's not really a good idea for a private company in Silicon Valley to insert itself into this conversation some things truly are above your pay grade and this is probably one of them and Zuckerberg is playing it really smart in my view the proper answer to this problem is not how do we regulate these platforms the proper answer of this problem is to liberate the users from platforms controlled by centralized private companies and bring them into protocols that are open-source decentralized dynamic and decentralize and censorship resilient then have private companies and social structures and regulatory structures live on top of that to curate some of these things so that those are safe spaces for certain types of conduct and communication that's probably the better way of doing it the other way around where you have the whole stack vertically integrated one private company controls it it just is counter productive and no one will ever be happy ever because may II agree with these censorship today you certainly won't agree with it tomorrow when the owners change the agenda changes it's not sustainable and it's impossible no one elected these people they don't deserve the right to decide what's truth and what's not true they don't deserve the right to decide what's fair and not fair what's better to have a president who speaks eloquently and never says anything controversial but then drones more people than any other person alive or president that speak rashly and does less of that what's real violence in that case you know again not taking positions or sides here but you have to understand these are super nuanced things and you will never get it right so sometimes you just have let it go and let it happen unless you basically want to be God run everything and think you're so wise and so smart that you can anyway now almost two hours been a good night y'all take care now Cheers
