hi everybody charles hoskinson here live from warm sunny colorado trying out my new road mic let's see if you guys like it or not it's the uh road procaster you know i'm just trying to find the right microphone it's uh it's like a endless river where you can never quite get there today is november 10th 2020. we are nearly out of this egregious year how about that and i am very very excited to see it go um next year is going to be a great year uh you know there's going to be a lot of crypto advancements on the horizon and it looks like with the new pfizer vaccine that most of the vaccines that come out will be very efficacious which means that we're all getting back to work sooner rather than later we can travel again and boy long overdue we still see uh tremendous commercial demand for the things that we do a lot of discussions a lot of people are very interested in the cardinal platform a lot of people very interested in prism as an identity service and uh hopefully we'll have some good announcements of big africa deals to close uh sooner rather than later they always say two weeks two weeks we're on africa time though so it takes a little while for that to kind of work its way through but these are large deals involving potentially millions of people so you know they'll come when they come technological progress is remarkable every week we're releasing something if you guys use deadlift flight uh you'll be able to play around with ledger and tresor and we should be able to move that over after one to two weeks to deadless mainnet which means before the end of the month knock on wood we should have full hardware support finally for daedalus long long long overdue ledger and trezor and we're actually doing a ledger update here in a bit and that's going to carry some cool features and functionality with it as well specifically for multi-staking we have a big multi-staking agenda that's happening and it looks like the bulk of that work will be done in early q1 to mid q1 of next year we're right now really focused on multi-asset and extended utxo and improvements to metadata and multi-sig and these types of features and functionality uh for the system so we'll uh we'll get that done and then we'll move on to hybrid wallets and move on to partial delegation and these other features that's right the next item in the uh backlog a lot of smart contract stuff going on but i'm going to reserve talking about that until the end of the month at the product update although i guess my guys want to move the product update from the end of the month to ada lovelace's birthday and i think that's like early december so uh well either end of november or early december one of these days you'll we'll do it but there's a lot to say and i think you guys will be pleasantly surprised about some things other than that you know just standard chipping away at stuff it's the holidays and we always try to work around it and release cycles are still strong we're still number one all year long number one for commits on github uh for cryptocurrency projects and uh we just keep uh updating each part of our infrastructure weekly updates to address dia node every two weeks dead list keeps chipping away and a lot of improvements in the periphery as well all right let's get to your questions any update on paper wallet so many of you are aware that i really really really would love to have paper wallets that are encrypted with a pgp key or other cryptographic asset and so my ideal paper wallet and i made a video about this would have a qr code with the public key information in a qr code with the private information and the private qr code is actually encrypted with a pgp key so i'd love to see that and if we can get there then it solves one of the biggest attacks on paper wallets which is the printer attack you print it out and so the problem is the printer keeps in buffer the stuff that it's printed and so unless you have a way of purging that buffer someone can go and using some techniques reprint things that were printed previously so if your paper wallet is encrypted if they reprint it they just get access to an encrypted piece of paper for the more digital backups they're also far more secure because when you print the pdf you can also store the digital backup in email and because it's encrypted with ideally an asset like a pgp key it's quite secure that that backup so we're working on that a lot of work is going into it qr code center is kind of the linchpin to all of it and it shouldn't take additional sets of work above and beyond that i'd say probably a few weeks above and beyond that but it probably it has to be scoped so it's with d'arco now bas will take a look at that as soon as they finish the hardware wall and multi-sig scoping there's still some ba stuff to do there and then that's the next item in the agenda but it's a high priority for me now hybrid wallets uh when the hybrid wallets come then what you can do is you should be able to stake from a paper wallet so you create the value keys and they live on the paper wallet and then the staking tree in the hd wallet that lives on daedalus and so you'll be able to actually manage staking hot but then you have the value sitting on paper so that's kind of the best of both worlds cold paper wallets cold staking hmm do you listen to lex friedman have you discussed possibly going on his podcast yes i am a lex friedman fan uh he's a bit uh low energy but all his ideas are very high energy and his guests are too one of these days i'll go on his podcast it's just we're going to reserve the high population podcasts until after certain milestones have been achieved i often call this rogan after gogan so that we basically have a good net to bring large groups of people in we're about halfway through that effort and a lot of rebranding a lot of website development like i have to change over iohk to iog you know and we have to take care of all that a lot of product marketing is being done right now the first part of product marketing always takes the longest because you have to develop your product marketing model and right now we're doing that for oroporus and we have a really good way of explaining oroporus which i think is great then we're going to go parallel and start explaining different parts of the system like the network stack the smart contract model extended utxl these types of things so hopefully we'll clear all that out in the next 60 days but it might be optimistic uh hi charles k and a not parameter go hand in hand will we see a change in a naught when k equals 500 next month probably not we'll still have some discussions about it we are looking at curve benefit and other cip i like ideas that have been proposed and we are definitely putting some effort into seeing if we could do something later next year that's a bit more elegant but i'm not aware of any a not changes that are going to go with k but i might be wrong on that i just focused the last meeting i had on it was strictly about how we were going to increase k from 150 to a thousand so 500 and then thousands sometime and q1 of next year is the current plan are you still working on ethereum classic yes in fact um we're roughly on schedule for mantis to be at test net stage fully running with all of the etc updates since we stopped working on mantis in uh at the end of this month it might slip a week or two but things are looking pretty good there and then we'll uh try to productize that and take it to market q1 of next year proposing a treasury system and enough people go along then there will be a hard fork for that otherwise we'll completely recuse ourselves and retire and go work on a different blockchain with a different code as law mentality and at that point i think etc is a dead project but i'm optimistic that the community will go along with us and work on a coda's law with a treasury viewpoint and we'll have a lot of great independent developers who are able to take it to the next level but it was a worthwhile investment regardless we learned a lot along the way and we got a lot of infrastructure we got to use in various different things will there be a daedalus mobile app probably in the future charles would you like to come on the ada angels podcast sure go ahead and talk to michael lagatuta he's my executive assistant and he'll get you all scheduled up and we'll uh push it in charles you've mentioned kanye coin isn't gogan a bit late go [ __ ] yourself you guys you guys gogan's not late we've already launched parts of it you know we keep pushing through yeah of course we're going to do some form of multi-asset on the mint network that we're launching soon we could very easily issue kanye coin and these other things but we don't have accurate vote counts yet we have to wait for all the voting to be certified and then we actually know the accurate counts or else the monetary policy would have to change as new votes come in or recounts change uh votes so at the end of the month it's like you guys keep thinking you know everything's a light switch and we switch it and then everything's there it's not it's a spectrum we keep saying and it takes time and iteration how far in the future is satellite network well we're not going to do a satellite network unless the community wants to do a satellite network and that would be done through catalyst and there'd have to be sufficient funding there we'd have to be at the scale of ethereum before that would make sense so maybe we get there next year maybe we get there in 2022 but it'll be a really fun project to go do and spacex would certainly be willing to do it guys if you ask about coinbase i'm not going to answer can't answer can't talk about it i've told you guys the same thing nothing to say about it and great exchanges list us uh when the time is right that's all i can say that's all i'm going to say no matter how many times you ask not going to answer well there's an interesting question from kevin hi charles i'm a disabled vet living here in colorado i was curious can the blockchain be used for anonymous counseling therapy to eliminate the stigma of getting mental help you know this is why a lot of people do online therapy as opposed to in-person therapy i don't really think a blockchain actually accommodates or has a direct connection to that it certainly can be for payments because you can have anonymous unlinkable payments and these types of things but it doesn't really help much for the actual act of doing these things and counseling is a highly personal endeavor so even if you're not physically there the the counselor tends to get to know you very well there's a related field of ai at assisted therapy where people who talk to intelligent assistants they're starting in some cases to have a whole subfield of intelligent assistance form called companion assistance the closest analogy would be like the movie her uh where you fall in love with your intelligent assistant but uh there is a potential that they could create ai assisted counseling uh because the stigma of therapy would be removed if you're talking to a machine but unfortunately blockchain doesn't have much to say there more partnerships with runtime verification oh they're all in they're uh they're working hard yella is coming back with a passion we're also improving k as well we're real excited about it at the product update that we do whenever it is if the end of the month or december uh then we're going to go ahead and have them come out and show a lot of really cool stuff you guys are going to be excited any updates on the litecoin partnership well it's in the hands of litecoin community and i think we have to write a lip uh litecoin improvement proposal uh to basically talk about nepa pals and we will have a wrapping mechanism at some point soon for cardano and we'll be able to reuse that do you think 5g is bad for our health no another conspiracy did theory do charles as a game developer i'd be interested to know uh you think would be the hardest to develop games or blockchain i think they're equally difficult in their own ways and so to write a blockchain you have to have an intersection of distributed systems incentives and cryptography okay so you have to kind of know how to get stuff to work with many people all around the world in a byzantine system you have to know how to do all the crypto because you know if you don't do that right the system doesn't work it's not secure and then you have to create the right incentives for growth and adoption and use and utility okay so that's one set of skills we talk about game development that's really the intersection of experiences narrative entertainment and perhaps education so you have all these different things that come together and they can evolve puzzles and a different set of incentives a lot of gamification concepts to make the game addictive so while the code may not necessarily be as complex although graphics engines are really involved things and the optimization techniques people use for video games are truly remarkable the real meat and potatoes is how do you find that right balance and intersection of these things together and there's been a lot of failed attempts i mean games are one of those asymmetrical things where if you get it right you go you know parabolic and holy [ __ ] you make boatloads of money but 99 of the time you fail and your cost of distribution is very low these days so if you knock out of the park you're minecraft and you're like a small shop and you've made billions of dollars from that but that's the exception to the rule rather than the rule and why games fail is because they fail to find the right blend of narrative and experiences and entertainment and education to really pull together and get things where they need to go and sometimes you just can't grow beyond a genre you know like adventure games really don't get so high up on the food chain and so forth so video games are difficult in their own respect as our blockchain but there are different things and i do both and so i have to use different skill sets for them hey to penn c well what how do we decentralize education system the education system we decentralize it by decentralized credentialing because once colleges and universities no longer are in control of who knows what where the credentialing component because that's what the traditional college degree process does is it creates these check marks and basically people pursue them because they want to get better vocations when you break that up into different domains and skills and you have different custodians you see order of magnitude or more reduction in cost of credential and you no longer have these monopolies there so it's a very different education system but credentialing the key and we've seen great progress with coursera and great progress with the udacity and edx and these other uh platforms and that trend will now hyper accelerate because of coronavirus everybody had to stay at home for a year and the universities were arguing for a long time that online education is not equivalent to regular education now all of a sudden they're all doing online education and the world didn't come to an end so the kind of the cat is out of the bag the genie's out of the bottle there and then blockchain basically is the part where you store those credentials so that they're auditable time stamped and immutable charles can you give any update on how haskell is being taught in developing countries we just finished the mongolia class this one was our first one that we did digitally normally lars will actually live in the country with a ta before mongolia we did ethiopia before ethiopia we did barbados before barbados we did athens athens was the first time we did it uh it doesn't scale too well doing the class in person but you know we like doing that and they're smaller class you know 20 30 people in this idea basically we work with the ministry of education and the universities they provide us the resumes of qualified students we winnow the set down from three to five hundred applicants to twenty to thirty uh the class runs for about three months uh two months are hardcore haskell and functional programming and then one month is marlow and uh plutus and this was the first class where we did the modern marlow and plutus and then the really really really good ones uh we tend to hire and we bring on board either in the commercial division or as junior developers so i would like to do another class in ethiopia soon and if we close a deal there we're going to start making very considerable investments in that jurisdiction can't the credentialing component be abused rather like fudging on my credentials to get a job no if they're blockchain based and there are credible credential organizations that issue those credentials then actually it's quite the opposite in fact right now it's really hard if you're a global company to verify credentials on people's resumes it's one thing to say you're a harvard graduate it's another thing entirely to say your graduate some university in uganda because even if you can get transcripts and the degree how do you get comparability of those two institutions and so generally you just have to assume they're not and then you have to use other means of testing people's skill sets and so that's the point if you can just go to those other means to start with that's a much better universal credential than a particular institution in a particular geography no 33 year old should have that hairline love you buddy talk to prince william yeah brain is so big it's pushing the hair out charles when you expect the peer-to-peer layer to be available for the cardano node there's two parts there's the peer-to-peer governor and then there's all the profiling that needs to be done for the peer-to-peer policy to run both are being developed there's only two people on that team working on that and they're kind of chipping away at it so i anticipate that experiments will continue being run throughout this year and we should be able to complete it and finalize all of it before d hits zero so sometime in early q1 it's kind of hoping to get it done this year but it's not really critical it doesn't change the operations of excuse me of cardano favorite monty python skit monty python and flying circus my favorite skit is the joke so deadly that it that it kills people after they hear it it was translated to german and used during world war ii it was a great skit highly recommend it charles do you take any medication or nootropics your ability to retain information is staggering i do take lion's mane every day i also take alpha brain huzzah it's pretty good good for dreams uh great nootropic is charles getting the questions from the chat here well absolutely nicholas we're actually simulcasting on three different platforms facebook twitter and um youtube it's gonna say google so used to saying facebook twitter google it's a very interesting philosophical question charles are objective moral values and duties real if so how do you ground them i think you should always aspire for discoverability so the difference between knowledge that you gain from insight into the world and knowledge that just is invented out of a human's brain is the ability to rediscover it if it's lost so imagine if somebody walks by and sets the bible on fire and it's the last copy ever and everybody gets amnesia never the goodbye bible so the question is will christianity be rediscovered will all that doctrine the stories in exodus and genesis and all these other things just magically re-materialize the answer is probably no it's knowledge that was written down and passed down generation to generation as narratives but it's not discoverable whereas let's say we forget everything we know about gravity then when you go to gravity and you start you know thinking about it again and you start noticing physical phenomena 100 years 200 300 years down the road we could start rebuilding the prior knowledge that we had that's why you see like the sick nature of knowledge where things that the greeks and romans knew were lost during the dark ages and then they were rediscovered during the renaissance and actually the greeks and romans rediscovered things that happened during the bronze age that the sea people got rid of so there's that great cyclic nature of knowledge okay so there's a question of book is there a moral reality that is discoverable so you know if you started from no prior knowledge could you over time rebuild the same system regardless of who you are and i believe it is possible because what you could do is you could look at various social structures and you could compare them and then you'd say okay which social structures tend to be more stable which social structures tend to have more happiness if it's measurable let's say you can measure such things in a utilitarian sense what social structures tend to be more sustainable meaning that they'll last unmolested for hundreds of thousands of years and then you say okay from those social structures is there a code of conduct that they have in common and i'd argue that there is one like for example societies that don't rape pillage and murder probably are more stable than societies that do societies that respect property rights and don't embrace uh theft are probably more stable than societies that don't now people like to ascribe judeo-christian values to these types of things well japan doesn't have that but it's also a very stable society so i don't think it's from a downtown logical divine command theory viewpoint that somehow we're good because we believe in one value system it's just their common threads that you can see now this is a very goal-oriented way of looking at morals and ethics and it's a very macro way of looking at morals and ethics not a microwave so macro in that it's for society micro in that it's for the individual it's entirely possible that you can have a moral code that leads to a stable prosperous society that is just terrible for the individual and this is in the danger of this type of of analysis that people would do so for example you can have a totally stable great society if you have a weird moral code where every third child someone has you gouge out their eyes for some you know bizarre deity so you know this would be a pretty terrible thing and we'd agree it's a terrible thing but that doesn't necessarily mean that society would fall apart so you have to kind of work your way through that problem too and you know this is what essences do and there are many different ways of looking at these things but i always tend to try to be productive and long arc and say one of the things we value what are the things that we care about in society you know and what is the definition of happiness and stability and then from that you probably can construct a collection of universal objective truths about how to run things and do things um and then in terms of grounding them i mean this is the problem of trade-offs so it's obviously clear that certain times your values and reality get compromised this is where great narrative fiction comes from where people are forced time and again to make faustian bargains or you know the lesser of two evils types of choices and when they're not really happy with any of the choices that they have and somehow uh they have to do that because it's the plot requires it so where on the hierarchy do you set of which value is more important than another value we and we'd like to invent things like oh thou shall not kill okay but what about a war we seem to give people a pass on that when soldiers in mass get together and go and kill somebody else and the people that they're killing tend to be people who are no direct threat or harm to society as a whole you know some 18 year old kid in afghanistan is probably not going to come to america and cause much pain or harm but there are geopolitical reasons why soldiers are there drones are there and these types of things are happening and vice versa so you know there's hierarchies as well and that's a really hard topic to think about did you see that the us post office filed for a patent on blockchain voting yeah that patent came in february 7th 2020. it's basically just something to store metadata nothing special about that patent nothing special when do you expect to have a fully working product products already fully working producing cash flows for the cardinal financial there is no cash flows for the cardano foundation from cardano you've completely missed the point uh tell me how many cash flows from bitcoin go to the bitcoin foundation how many cash flows from ethereum go to the ethereum foundation that's not the point of these things protocol is an open protocol foundation's an accelerator for that they're going to have to find other means to subsidize and fund themselves and the foundation could disappear tomorrow and cardano would be just fine it is a force multiplier it's an accelerator it's not a necessary condition for cardona to operate and there's no notion of completeness with it it's just iterative improvement just like windows windows is never done google when is google search engine done when is it a fully working product it's never done how's the microchip project going in wyoming uni completely shut down for a while we'll get back to it next year kovit just basically crushed a lot of these types of things software is easy research is easy hardware is really hard during covid time is cardano and ioh k working on improving the election voting system because the current system is a joke you know i understand 71 million people are really unhappy with the existing system and there's indeed very serious concerns with the existing system cost accessibility potential for fraud differing standards across counties and so forth and e-voting is something i'm very concerned about so we're going to start pushing not only for e-voting systems that are blockchain-based but we're also going to push for e-voting systems that are blockchain-based that embrace concepts like preference voting you know ranked order voting as opposed to just bob or alice so it's a big topic lots to do and we're going to start at the municipal and state level and at the primary and caucus level for these systems uh to kind of get them rolling and then once we have some traction we'll try to take it to the federal level it'll take five to ten years i think only 71 million are concerned yeah because the 74 million who won don't care here's the thing people only get concerned about the fidelity of the voting system when their candidate loses i've never heard of an election where someone wins and the winner goes out there and says thank you so much for electing me but i have some concerns about our election system i just can't remember a time when that's ever happened uh you know the electoral college system is a great example we never heard anything about the electoral college system when bill clinton was president no one talked about it wasn't a big thing because he won 1992 96 yeah he won got got all the votes right everybody was fine with it when bush won suddenly it is the biggest topic in the world we have to replace the electoral college it's just it's an anachronism it's totally unfair and people don't like the voting systems that tend to get rid of the candidates that they favor and people like the voting systems that tend to keep the candidates that they favor in power that's never been the point the point is you think about everybody and you think about overall outcomes regardless of the particular candidates the particular political parties and you ask yourself what would you like your voting system to produce for you the first thing that's completely lost in the american left is that we do not live in a single country we live in a unified country of many states and there are checks and balances here the united states is a union of states and states have semi-autonomy so you don't go and build a voting system that says only four or five states have total dominion over all the other states and no state has any say or choice outside of these four or five population centers now why do they push for that system because the particular political party knows if they get it they will always win the elections it's much easier to win the national vote with the way that they've structured things okay so if you want to represent the balance of power between states and the federal government you do need some system that includes the states now the electoral system is probably no longer relevant for that there's much much better ways of doing it because advancements of communication and technology great but we do need some representation of the state's will second we do not currently have candidate diversity and ballot diversity if you're a third party you will never win a u.s election at the federal level it hasn't happened so long the last chance was ross perot in 1992 and all he did was just spoil it for h.w bush pretty much it you just will not win if you're a third party because the way the voting system works and the ballot system works getting access to the ballot and getting people to vote for you so you have to change from an atomic choice of alice versus bob and you only get to pick one of all the different people on the ballot to a ranked system so even if you vote for your favorite candidate number two on the ranking will probably be a third party not the opposition candidate what does it mean it means you end up getting more representation of third-party candidates especially in senate races congressional races and uh so forth okay and there's a litany of other things you need to do but these are the conversations we should be having because then we can get all those requirements on paper and then you work your way backwards to fidelity and security you would like properties like end and verifiability in 2020 i should be able to know if my vote was counted in 2020 i should be able to know if my vote was counted correctly in 2020 i should be able to have a paper backup to prove that in case litigation occurs in these types of things we should be able at any time to be able to verify that the amount of people who voted is less than or equal to the amount of people who registered we should be at any time be able to verify that the registration database has high integrity meaning that it has been checked for a lawful registrations and dead registrants because people die after they register for example happens all the time okay so the auditability of registration is super important point and there needs to be checks and balances in that entire process to verify the auditability is occurring all the voting software should be open source all of it there is no reality where we should have closed source voting software that is a moral crime because how do you know how do you know the company doesn't just push a button and flip votes if you're going to go from paper-based to digital voting you must have open sourced systems and there must be aggressive security audits there must be intelligence agencies looking at it you must look at these things very very very very very seriously furthermore you need resilience you can't just use one design okay because what if there is a hidden zero day exploit or flaw you don't want it to overtake the entire electoral system and then you need to apply things like forensic accounting principles to the system to secure it like benford's law these types of things which are smells for fraud there are thousands of them in the forensic accounting world that you could bring to bear that would be an indication that the numbers you're looking at have some structural problem in them some sort of issue there okay and the final point is people have to understand it and actually accept it the story here for the 2020 election isn't that fraud occurred fraud of course occurred it occurs every single election there's no excuse no no reality where fraud didn't occur okay the problem here is a belief in the credibility and outcomes of the system voting systems are for us to feel good about the fact that someone has power you say why is this person the president because we chose that person to be the president if you don't believe the selection function is fair well then then guess what your [ __ ] out of luck it's just that simple so whether the system is actually secure it actually converges to good decisions and actually does the job for us or not no it doesn't matter if people don't believe in the system the system has to be changed just for that reason alone because at the end of the day the system is about getting us comfortable with the idea that someone has power that normal people don't have power over life and death power over the purse power to tax power to imprison et cetera et cetera okay so yeah you're right more than 71 million are concerned uh especially worldwide but people are probably concerned for the wrong reason their candidate lost and therefore the system is broken they should be asking a broader question of how do we build a better system for everybody uh hey charles what's your take on trump tweeting today uh he will win so this is another example of game theory you see he has no downside to doing that if he does nothing he automatically loses okay if he says he won and fraud took it away from him he will convince a meaningful subset of the 71 million people who voted for him that that's true in which case he is the legitimate but exiled president okay just like al gore did i'm the real president bush didn't win the election okay so he's on the outside what are these 20 30 40 million people gonna do well trump can go create trump news network he can go buy news max he can go and take over rush limbaugh's show after limbaugh dies of lung cancer because he's probably going to go in three to six months takes those 20 30 million people with him how much money in power do you think he can preserve as a consequence of having a constituency like that and also he has the ultimate nuclear option he can run for president again in 2024 with a built-in coalition of 20 to 30 very angry people who think he's cheated against a much weaker joe biden who will be 83 years old completely spent and likely just destroyed by four years of hyper partisan politics and a red wave in 2022 so he has no downside to tweeting the things he does regardless of whether he believes them or not because he's basically preserving a political coalition and this is what really smart media people do they always assess the situation and say how do we make the best out of the situation as it is hey charles did you make most of your money investing in btc or starting in cardona remember i've been btc ethereum and cardano it was btc actually was the majority but ada certainly is worth a lot although i haven't liquidated much the time to have done it was 2017. the eos guys did it really sucks that uh you have competitors that basically break the law and then they just pass speeding ticket and they get to keep four billion dollars it makes you wonder why we even have securities regulations i felt most sorry for block stack they did everything right and they only raised like 24 million and spent millions to raise it and they have no liquidity because there was security what incentives are you creating in the system donald you need to ask a question what's your question in what way could a tala prism support the voting process well you have this notion of registration okay votes aren't just votes there's a mechanism of counting them but you have to pair who has the right to vote with actual people so your set of all people your economy is a superset of the set of people eligible to vote it's a subset of that set you need to actually have an identity system to be able to know that the set of all people in your economy are real legitimate and alive and that's what prism can do for you it can be a national id system um what will your first drink be in your wet year you know i don't think i'm gonna go back i think i'm just gonna stay dry this is great ethereum two is set to go live next month do you feel cardano is well pl place to complete and possibly scale to the ethereum scale the next year so etc ethereum two is not set to go live next month the first stage of a multi-year program to roll out ethereum two is set to go live this is another thing you know gogan one gogan wouldn't go again when f2 it's the same concept guys it takes a while to roll out but here's the difference their horizon is this long and it's layered with all kinds of issues my horizon is this long okay and we know exactly how to get there and we have a beautiful system to upgrade to it and everything they do we can do soon so i'm not worried at all i'm really not we thought clearly about upgradeability it was an afterthought for them and they've been bolting it on that carpet looks nice i can't stop thinking about it you know this rug really does tie the whole room together do you ever do any work charles i am literally in my office between meetings literally in my office i had a zero knowledge crypto meeting an hour before and i have meetings in an hour and a half this is my lunch break i decided to hey man with you guys what specifics mathematics education do you study what field what nice some of these questions are bizarre i studied analytic number theory myself specialty was additive number theory and i was very interested in integer factorization and basically how to predict how an energy would factor and more efficiently factors so number seeds and these things i studied at cu boulder and i did not complete a phd left before so whether that makes me a mathematician or not i spend enough time thinking about math and studying math i'm just going to call myself that it's not a regulated field and we've written 90 papers and they're chock full of math so i think i am doing something for the academic field although i will go back you know and i will complete a phd one of these days likely in computer science in the intersection of ai and computational logic i'm really interested in seeing automated theorem provers enabled by ai and i'd love to rebuild all the foundations of math on something called homotopic type theory so when i have time i'll do that but time is not in abundance these days do you know how to integrate yeah yeah even integration by parts go figure [Laughter] oh holy [ __ ] oh [Music] man um [Music] uh hi charles how do you feel that cardano and iohk stand up technologically to groups like polkadot hedera hashgraph and algorand hashgraph is patented so i don't even think about it if you're doing a blockchain and you own the patents you're just a database so throw them away al grant have a lot of respect for sylvia and his team they haven't been able to get commercial adoption and traction but they are trying and there's a lot of good tech there in that stack that is clearly novel and unique and interesting and of course we compete academically but we're quite friendly with uh with them where and when it makes sense polkadot has a lot of derivative work some of which from ours and some of which gavin learned from his time at ethereum it's a good ecosystem good product but ultimately nothing special so i think we do pretty well amongst all of them but that's one man's opinion anime charles which one come on full metal alchemist was the [ __ ] it's the way to go uh can you make cardano private like monero it's definitely possible to increase the level of privacy with cardano we're already going to explore a few things that can improve uh the level of privacy in the system but if we were to go that route then what we would likely do is push a snark there are a lot of systems i like like dark is interesting from stanford and then you got fractal from berkeley and we wrote something called sonic and we fully implemented it there's a lot of work to do there a lot of things to do there but there are regulatory concerns liquidity concerns performance concerns and so forth and also a private proof of stake system is very complicated we actually figured out how to do it with aurora boris it's called aurobor scriptcenus but it would add an additional year to two years of development to the project if we were to go down the privacy road charles do you practice breathing techniques not as much as i should but they're very valuable there's a good book called the oxygen advantage which talks about that and there's probably there's another book called breathe that talks about that and i'd highly recommend reading them when atc mantis end of november early december for the first update i did my water fast for three weeks but i was starting to feeling horrific by the end of the third week ever try three weeks no week is good maybe two but i've never tried anything longer than that one code released from your quad yeah it's colin edwards uh we'll have him go on umed's show one of these days and then talk about it and we'll probably open source a lot of the models towards the end of the year or sometime next year i'm not in a huge rush for it but we'll have that conversation at some point how do we prevent governments from becoming dictators and techno tyrants with national id systems and blockchains in general you can't not with blockchains and id systems you do it through the political process checks and balances and avoiding socialism the more you socialize the more you embrace communism uh the more power the government gets over your day-to-day life and as a consequence they always become tyrannical they'll eventually tell you how to raise your kids they'll eventually tell you what's legitimate what's not legitimate and if you go against the dialogue you get gulagged it's inevitable but that again is just one man's opinion uh why is it so difficult for other mobile and hardware wallets to add ada well ledger and trezor represent the vast majority of the marketplace and they support ada and as for mobile wallets we have your roy mobile for a long time was very difficult on the mobile side but things have materialized in a way where it's quite easy to do this now so they should take a separate look hi charles what advice would you give someone who's just come into a windfall of money pay your taxes that's number one number two set aside half of it put it into what's called an irrevocable trust with brown brothers harriman or bessemer and that's your safe money and basically for the rest of your life you're entitled to the interest but divorce bankruptcy lawsuits these things have a hard time touching the underlying principle and basically just say okay i have that put yourself on an allowance and then diversify the other side of the of the money will it hurt cardano if i expose goretzel and hansen as frauds well i'm free to say anything you want i mean ben's a great guy and he does have a phd in math i think open cog is an interesting framework i'm not familiar with hanson i think he's floating around that orbit but have your fun favorite book on philosophy man search for meaning from victor frankel how's the lion's mane coming along from big pay i just got some fresh fruiting bodies been six months since i've had some fresh fruits really excited we haven't gotten started yet we've been actually looking at a lot of the fda stuff because i want to do supplements but mycologist is living with me studying every single day and it's really snowing outside and hard to do construction so right now in the reading stage and when the weather gets a little bit better we'll start setting up dedicated greenhouses in a lab and so forth my goal is to grow a few hundred pounds a month if it's possible or at least per harvest uh will there be an in-memory database implementation um we do a lot of stuff in memory with cardona already so maybe you're referring to like a specialized memory database like times 10 or any of these things that oracle produces or other vendors produce for high frequency trading that doesn't make a lot of sense but what does make sense is actually long term when you talk about scalability is to look at a distributed ram disk um there's a stanford project ram drive i think is what it's called or something like that that is exploring distributed ram but um i'm uh that's that's a different thing and that's for managing the state of cardano so if your utxos space gets too large and you need to shard it up uh that would be potentially one way of dealing with that but that's a a long-term optimization it's not something we have to face today hello from new zealand well hello kiwi dickie sounds weird doesn't it have you read stephen covey's book which won seven habits of highly effective people the og stephen covey book do you really see his card on it was number one i'd like to hope so we it's better than everything else on the market once we complete the first iteration of the roadmap and then if we're allowed to come back for another five years i don't even consider cryptocurrencies anymore i'm looking at the world financial system as the target you know screw the cryptos we're going to go for number one in the world anti-fragile book thoughts standard book from nasam talib you know there's this whole thing about taking a cue from ecology and ecosystems and resilience and applying it to financial systems or social systems in general whole field of study good ideas hello from abu dhabi well hello abu dhabi civil war in ethiopia potentially impact on cardano i'm not aware of a civil war in ethiopia i'll talk to john about it but last i checked things are looking pretty good there but you never know favorite scotch whiskey god i haven't had in a long time uh glenn morangie cignet is pretty good that's a good drinking whiskey there are some whiskeys you buy to put on your shelf and brag about like macallan 30. but then you need a good drinking whiskey and cygnet's nice and we have 15 seconds the lunch break is over and that's back to work i guess we'll just cut it here kids all right everybody thank you so much fun ama sometimes i do them at night sometimes i do them here in the office you guys got an office ama until next time have a wonderful day
