hi everyone this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is june 21st 2021 i had a lovely time down in dallas couldn't find debbie but still was able to enjoy myself a bit went to a rangers game talked to a few people did a few things and you know that's texas and the week before i was in houston not not houston austin there we go on the lex friedman podcast enjoying lex friedman podcast five hours and 30 minutes of raw footage after editing it came to 457 which i believe does make it the longest interview he's ever done and we talked about a little bit of everything in fact uh got my coffee right here so we can have a fireside coffee side chat right oh that's good coffee we talked about a little bit everything we talked about meaning of life we talked about simulation theory we talked about video games we enjoyed mushroom talk aquaponics talk and of course a lot about bitcoin lightning ethereum polkadot cardano you know these types of things over 300 000 people on youtube watched the interview uh and uh ratios look pretty good as i mentioned i'm the rorschach test of the cryptocurrency space there's no middle ground at all uh the comments range from we love you you're the most amazing person we've ever seen in our life to your scam hardest charlatan pathological liar piece of [ __ ] and there's no middle ground no like yeah it's okay no certainly polarizing and i just guess that's the way it is uh you know but on the back of that we got a lot of great conversations a lot of invitations to do a few things and all things considered it was a wonderful rapport and i really enjoy talking to lex he's exactly as you would expect him to be in person a very humble uh very funny guy and also insanely smart and incredibly disciplined uh many of you don't know this but he's actually a black belt i think in brazilian jiu-jitsu and a good friend of david goggins and so uh he's always working himself out doing interesting things and he did inspire me take my physical health a little bit more seriously uh you know i always said i'll do it tomorrow i'll do it tomorrow and actually one of the things we did talk about was fasting and uh the longest fast i ever did with 14 days it was very long time ago technically 13 days and a change of hours but almost 14 so we'll call it two weeks so you know what i think tomorrow i'm going to start a 15 day fast just to see if i can break that good to get back into it i'll give you guys updates probably on a daily basis probably over twitter and we'll just see how far i go but it'll be a lot of fun i'll lose a little bit of weight gain a little bit of clarity along the way and longest i think i've ever done and so be good to break that record and actually i'm getting some labs done here uh for some experiments that we're conducting for my biotech company and what i'll probably do is some comparative labs so i'll talk my local doc here and see if i can get a set of labs before and after to see metabolically what 15 days of not eating does to you god help me it's going to be fun uh cardano is coming along well we've been working like bats out of hell alonzo blue is almost done and we're almost in the alonzo white era there's a greater than 50 percent chance that uh alonso blue white will be shipping this week and we're working real hard on the application back end and real hard on the wallet integration and of course increasing the verbosity of the cli and so basically what we're doing is bringing people in in stages white is significantly larger than blue blue was just kind of a dry run to make sure everything was looking good and white is basically bringing a lot of people in because we've trained a large chunk of people with the pollutus pioneers program and we have all these spos to play with and basically we're going to have them run a bunch of scenarios on the test net if all those things are clear then we'll keep going until all the integrations are in place and then purple comes out and that is the public test net and that's actually a devnet point of that is that all these people who assert to have cardano defy whether it be a dex or a stable coin or whatever have you uh they're actually now going to be able to deploy against it so that's still on target looks like for july we'll see we'll have a nice product show here in a little bit we always do a cardinal 360 and we'll tell you guys everything you've learned and all the great stuff we've accomplished and i'm really excited for july it's going to be an incredible month for the project and really where all the pieces start coming together then we're on the home stretch for hard fork combinator and event we'll just keep going until we get all the t's crossed the eyes dotted because we always do that and we'll get smart contracts out and if we do everything right just push a button the event happens you guys get your new version of daedalus and huzzah pretty cool stuff pretty exciting stuff actually it's um a new era for all of us kind of like shelley was a new era we'll also have a lot to say about the shelley summit it's going to take place in september we're going to have the physical part of it at university of wyoming i will be there with bells on as will many other people and then we'll also make it a digital event like we did this shelley summit so if you can't attend physically content digitally and we'd love to do something with community hubs so we will have a lot to say about that soon okay but enough of me let's talk about you because this is an ama and the whole point of an ama is to have your questions right all right digital assets as uh stablecoin this is probably in reference to the stablecoin paper excuse me uh probably in reference to the stable coin paper uh that i announced uh it's still on target for the end of the month we're right now writing some isabelle proofs we're doing some other cool things and we will of course publish that publicly and put it either on eprint or some other archive and that will be publicly available in july so you guys are really going to like it and we're actually looking at one of the six development firms that's currently deploying things on cardano to give them a fixed cost contract to actually implement that in target for the uh gogan launch thoughts on the china ban well they do this every season right 90 percent of the chinese-based hash power according to the information i have has been turned off shows you that mining is a little problematic because those data centers are completely at the mercy of the sovereign that they have to be hosted within cheap power comes with problems [Music] favorite game of all time excited for your game company you know as i mentioned i i loved planescape torment the baldur's gate series and arcanum has three really incredible games and there's a lot of games that i played um you know there's some games that are infinite like minecraft and dwarven fortress for example and they're really amazing if you actually think about how much effort and thought went into their design and just dogged persistence in trying to keep updating them and making them exciting you know mmorpgs i remember as a kid i played everquest and then a little later i played eve online and there's some power to these massive social games i mean diablo 2 was an incredible legendary classic game uh and of course the divinity series was quite good d2 in particular was very well done i think example of what a modern rpg should look like i really like the pathfinder series as well king maker i was really interesting pillars of eternity were also interesting games one more so than two but both of them very well written an example of the power of crowdfunding uh and then you know you got a lot of indie games or oldies like you guys remember goblins or goblins too yeah or freddy farkas pharmacy yeah the old old sierra online games another one of the syria online portfolio was lords of magic see what makes a game special is is it's a right combination of having to learn new skills and new things things things you didn't expect beauty or an environment that is unfamiliar good writing and also replayability where you can come back to it again and again and see something different that you hadn't seen before uh and in the 90s and the 80s that was really a golden age of these things because computer graphics weren't so good and so as a consequence you really had to focus on the plot you really had to focus on the writing when computer graphics got really good and game consoles came in and it was clear that game consoles were absorbing pc games then things started being much more commoditized you know the ea games era of game development and those indie shops all up went out of business you know for example new world computing got absorbed into 3do and 3do just ran it to the ground and sadly my magic and heroes of might magic became a dead franchise and they got acquired and the ones after four were just not the same you know magic nine was also terrible and all of those games afterwards were terrible which is a shame because those were beautiful worlds and they had so much raw potential and heroes of my magic three in particular is the chess of artists of turn-based strategy games uh it really is a game you come back to perfectly balanced you know thanos perfectly balanced as all things should be just don't play the fortress ron paul versus rand paul there's no contest at all ron paul he's the real deal will you continue to engage with mark cuban i feel he's a lost cause why you know if it's a real platform he'll come and build something this is an open system you guys don't need me going out shaking the can for every billionaire or big guy or big celebrity to make people adopted people if it's real will adopt it on its own merits without a leader and of course i'll be here to help and build but you know you don't need me to go and get mark cuban he'll get himself if cardano does what it's supposed to do charles your thoughts on nofap there's a great video on what i learned about that topic you should check it out on youtube charles the hello world workout yes that's the round trip script that we designed for the alonzo blue partners yes and we got one more command line update and uh if all things look good we'll go to white and then we'll have a broader set of experiments that we're gonna go and run hi charles what dapper are you most intrigued by its potential uh probably algorithmically generated stable coins those are pretty magical you know you have some party take the risk and the volatility and another party gets the stability so there's something special there and if those actually work and we've done an enormous amount of work and we think we've gotten to a point where we can do some real cool experiments then you suddenly have solved being a bank in the sky because you can create value stability you have stable and predictable fees and then you have stable and predictable returns for lending and then basically your lending premiums just the risk can't find the nofap video google no fap what i've learned it's a great channel on youtube charles thoughts on an uncapped block size i think you should have an elastic block size based upon system level parameters that contract or expand based upon using utility but it is good to create some scarcity in the block resource you know we're going to write a lot more about that we actually have a guy named philip lazos who just joined who is an economist and game theorist and we keep adding to that charles what is something that's significantly harder to build on extended utxo versus the account model anything that involves mutable state you know bank style accounting probably a little easier to build in that world than you know when you're dealing with utxo cash register style accounting but actually that's a really interesting question denny and that's something that we're going to answer as we work our way through the um alonso purple era the test net because what's going to happen is we're going to notice a lot of questions about how do i build x and some things will be quite easy and some things will be quite hard and it's going to be really cool to see what that overlap is so i'll come back to that question at the end of july based upon feedback that we get from everybody charles what's your favorite youtube channel uh there's a lot of them but i really like the lex friedman podcast that's i just see so many amazing people i enjoy sam harris's show as well i used to go to the joe rogan podcast i really haven't listened to an episode since he moved to spotify i just uh i haven't worked that into my routine i guess and it just feels different you know as i mentioned what i've learned because sergio or whatever the [ __ ] that is that i can never pronounce it they should change the name it's unpronounceable for me uh there's a lot of really cool animated series and things like that that are like 10-minute explainers for things i love channels that talk about stuff like history or science or technology or explain things i enjoy that um there is also film cow who did charlie the unicorn and all those other things like ghost house i have a hidden pleasure guilty pleasure there with film cow he's an amazing animator and just an insanely smart guy it takes true intelligence to be able to make satire like that any thoughts on the boston fed's digital dollar they're gonna open source code soon that's gonna be a lot of fun probably it's gonna be look a lot like algorand if i had to guess um cbdc's are something that we are exploring and we're gonna look more deeply into it second half this year i authorized the expansion of the edinburgh center to include a cbdc research agenda uh a lot uh emilios professor emilios he's the he's the one who's going to be leading that effort he's over at edinburgh i speak one language modern consulting and barely well i only speak english one of these days i'll speak italian charles any thoughts on el salvador any communication with the country regarding ada yes we have been in talks with some officials and parties in el salvador and i may do a state visit we sent out all the documentation and requests for that and if so we'll meet the president but it's basically going to be in their hands we've talked to a few people that are in that orbit and they have definitely expressed interest in digitizing the country and going beyond just legalizing bitcoin uh so we'll we'll get a better sense probably the next two to four weeks about where that sits and where that stands and if it's a proper state visit i'll actually have a suit made and you know look pretty and go on over and have some fun charles how the bison they're breeding more than 400 now nfts with wolfram alpha yes sir dude the aida facebook page would love to see sam harris charles hoskinson podcast how can we make this happen big fan of sam harris i read his book waking up listen to his podcast uh and uh you know we'll we'll eventually circle back and him weinstein and the others they all have some great stuff charles what are your thoughts on bitcoin sv promoted by craig wright they have big blocks and working on paranoid software i'm curious what you think regarding that first off the legitimacy nature of that ecosystem where if you say anything at all negative about them or you express doubts or ask for evidence of claims they threaten to sue you is an extraordinary thing um second they seem to think that they are the anointed masses they're probably the closest thing in the cryptocurrency space to a true cult bitcoin is starting to look a little culty i mentioned that in the miami conference but they're in no means anywhere near what sv is um it's impossible to reason discuss or talk to them they believe they have the word of god and they're just gonna go with that uh and there's certainly a lot of weird partnerships they have i think they're all transitively connected to each other or they have similar ownership structure uh you know and they seem to think they have use and utility and they seem to think they understand how a cryptocurrency works but to be honest with you i've never had a conversation with a single developer or business that came to me and said in a serious conversation hey we're thinking about deploying on uh sv i've had conversations with people say we want to build on icp and solana and harmony one and we want to build on ethereum and we want to build on cardano and bitcoin and bitcoin cash and you know you just go down the list have you had conversations people want to build on avalanche and so forth or iota and so you ask me their opinion of these things i've never encountered on all my years of being a space a single person who wants anything to do with that ecosystem so maybe we just don't rub shoulders or or not i don't know it's an interesting thing i mean the mere fact that i even took this question and mentioned this is going to provoke some form of fight with uh the arcolites of that religion and you know it is what it is we wish them well hi charles what do you think about tether they are back at it again you know it's one of those matters of will tether go legit or not so there's no reality that something at that size scale and liquidity can stay in a gray area forever given that it is a centralized asset guys it's not a dig on tether but you have to understand the only reason tether is worth something is because a centralized company asserts that every unit that has been issued of this tether asset is linked somehow some way to an equivalent amount of value a dollar worth of value sitting in a bank account that makes them basically a faith-based entity the whole point of cryptocurrencies is to not be faith-based your ada is not backed by a promise from charles hoskinson or any entity for that matter it is ada just like bitcoin isn't backed by some consortium or something like that it's just bitcoin okay that's a real cryptocurrency when you move to asset backed tokens like tether then you have a situation of how do you know that the asset is really there and the promises and commitments and representations are really true this is exactly why regulation exists it say well you can say it but we're going to make sure you cross those t's and dot those eyes because the temptation is so great not to small perturbations with that can result in all kinds of bizarre market dynamics and with that kind of liquidity in trading you could imagine millions to tens of millions of dollars being made or lost every day just based upon small perturbations if things aren't completely honest i and i you know i i don't know the people who run that they're in very different circles than i am uh and they've been around the cryptocurrency space as long as i have and they have many products and things that they've done and there is evidence that that peg that complete dollar backing has been broken a few times historically now it's not necessarily a problem if there's someone to make that whole insolvent but it is a problem as there's a breach of trust if you say i have x and for every unit x a dollar exists in a bank account and then suddenly a dollar turns into a dollar equivalent and then a less than a dollar with an iou at what point have you broken the law or you've broken faith or you've committed fraud that's a problem and the issue is that is one of the most important pieces of trading infrastructure liquidity for the entire ecosystem it's kind of like lehman brothers and aig and all these other things in 2008 there's these transitive relationships and trading relationships where if just a few of these key entities were to fail in isolation that's okay but in aggregate it caused a cascading failure in the marketplace and that's the concern with tether is that there will be in a cascading exponentially increasing failure as a consequence of that asset being brought into a bad state and likely that bad state would be a regulatory event where the regulator would shut the asset down it would freeze the bank accounts and remove the peg and arrest the actors behind it now because of its scale and prominence it's very unlikely that the federal government would do that u.s federal government instead they would probably try to arrange some form of a shotgun wedding kind of like circle and poloniex to clean up the mess um to avoid a market failure um so will they go from gray to white and become a regulated entity and make u.s regulators happy or somehow offshore to a point where tether doesn't have u.s exposure but it's not clear to me with a digital asset like that how you would avoid such things so it's a complicated issue and it's it's one that a lot of people seem to have a lot of concerns about and if tesla was to collapse it would definitely result in a major regulatory series of changes in the cryptocurrency space much akin to when enron collapsed it led to sarbanes-oxley uh and so yeah we'll watch it and if i know something i'll tell you guys but right now your guess is as good as mine i'm on the outside of that like you guys are any words for aspiring mathematicians charles like me uh you know i'd highly highly recommend you fall in love with problem solving there's a wonderful book called the art and craft of problem solving read that cover to cover and if that's your cat's meow you should probably be a mathematician if you're bored or don't like it or having a hard time getting through it should really ask yourself do i want to be a mathematician you know the other thing is that if you're young and want to become a modern mathematician then highly recommend you learn about proof assistance and lean l-e-a-n from microsoft is definitely the best now unfortunately pedagogy isn't so good i gave two hundred thousand dollars to carnegie mellon university to uh have professor africad wright lean for mathematicians so help is on the way and by the end of the year or early next year there should be a textbook for lien for mathematicians uh written by one of the top logicians in the world jeremy is an amazing guy amazing professor and his writing is just so beautiful i also highly recommend that you learn about computation the theory of computation and proof writing and just the nuts and bolts of mathematics are so interconnected to each other these days and it's very a classical mathematical pedagogy doesn't really think too much about recursion and computing and these things but it turns out that that kind of stuff can help you be a better mathematician these days and think about things a little differently so starting from the foundations is a real fun thing to do there's a very old wonderful book from g.h hardy called a course in pure mathematics it was a turn of the century book you should probably also read the other book by gh charity called a mathematician's apology uh which is a delightful read as well i really like hardy's work a little biased because i studied number theory and that was his whole thing the hardy little wood circle method is was used to prove all kinds of cool stuff like the tertinary goldbach conjecture and so forth um but yeah so hardy's work is really cool uh and zeet's book the art and craft problem solving is a really good place to start and then learn about proof assistance as well and then the other thing is you know get get used to doing type setting early so do all your math homework with latex if you can it's a lot harder it'll take you three to six months to get used to it but it'll pay huge dividends if you're good at typesetting and playing around with those things um if you're an undergrad study for the putnam there's a lot of great putnam study books and a lot of great problem books in general join a problem-solving group most universities have math clubs and they do problems of the week and there's kind of a problem-solving stuff lauren larson wrote a lovely book on problem solving as well and just get used to these types of problems usually you can measure the complexity of a math problem by how many insights are required to solve that problem so you know if you look at the proof size of something you know for every few paragraphs is usually one trick and so you can rate a problems difficulty based upon how many tricks the problem takes for you to solve you know so you know if you're integrating like a couple of interesting substitutions and then you do integration by parts and and then you recognize there's a bizarre trigonometric identity that you can use to play around with something and suddenly it all just makes sense you know a little stuff like that so whenever you work on something especially if it's a putnam problem or if it's an interesting thing that is provable and it's known to be provable if you work for a really really long time get used to alternating breaks your subconscious will do a huge amount of work while you have some down time so never try to work on a problem more than an hour or two hours uh and you know just put it down for a little bit go do something else come back to it but consistency is key you have to every single day chip away every single day do something there and have fun with it a lot of great youtube lectures as well and you should always try to be a contrarian at least i was where you know say why does infinity exist really think about it and there's a great book from rudy rucker called infinity and the mind which talks about the topic and then also look at the paradoxes that exist because of infinity probably the most famous is if you take the infinite sum of one to n i think yeah yeah you actually get like negative 1 over 12 or something like that uh and there's a lovely youtube video on it and it shouldn't be true because that's divergent but apparently there's a way to prove it using the riemann zeta function and then there's another way just playing around with the series to actually show that it converges so a little stuff like that because of the existence of infinity and other paradoxes fund a toy with that and again if this doesn't make sense or it's boring you know then it's not necessarily the case you wouldn't be a good mathematician but you always have to beg the question well your passion seems to be somewhere else perhaps more applied or not mathematicians are obsessed with playing around with things toying with things you know they really care deeply about different ways of thinking about a problem so it's not good enough just to prove something you have to ask well can i prove this with a picture can i prove this in a different field of math if i have an analysis proof do i have a topology proof that can also do that and also elegance so if the proof is highly technical and lots of pages of prose and a lot of delicate manipulations then it's unlikely that that's the optimal proof almost always you can refine like andrew weil's fermat's last theorem a huge proof the modern day version of that proof since he proved that 94 is much more concise and much more beautiful so little things like that and if if that's not what you're interested in then you're at least not going to be a pure mathematician best of luck it's a dreary field but you know it's cheaper than institutionalizing people charles are the allegations true that you're a lizard person no no no no not a lizard person i'm with the snake people are you still boys with ton vase i think by boys you mean friends i know tone we talk all the time i'll probably see him at satoshi round table he's very cordial and friendly in person uh you know and his whole show's a you know that's his shtick there's a big difference between max kaiser and tone face tone vase is an act it's a fun act we have fun he says it's a scam max keiser is crazy charles what's your favorite dad joke i'll come back to that we'll throw one in charles you mentioned fasting will this fast only be with water with fruits or whatever intermittent fasting you never fast with fruits don't add sugar into your fast it's terrible it spikes your insulin level insulin controls the door to the basement that has your fat if your insulin level is high you don't metabolize fat so if you're on a fast and you keep your sugar levels artificially high the only thing your body can do is lower your basal metabolic rate and make you feel like [ __ ] and weak if you keep your sugar levels low then that door opens because your insulin level is low and it can start metabolizing your fat stores and every pound of fat on this beautiful belly right here is like 3 500 calories okay that's enough for a long time so don't add fruit ah just do water water and snake juice what's your favorite mushroom lion's mane is peer-reviewed toxic according to the coin telegraph article i read that this morning i was flying back from dallas and i was just looking at it and i was like what kind of an idiot writes an article like this uh you guys they're they're grasping at straws the hatred of cardano is so strong at coin telegraph that they have to now attack the entire institution of peer review to delegitimize um first off peer review is specific to your field the peer review process for mathematics is radically different than physics radically different than biology radically different than gender studies radically different than computer science computer science is the most industrial of all of the peer review processes done at conferences mostly not journals people actually see each other in person and they're much faster there's much faster results and a lot of the papers they always ask where's the implementation where's the industrial application not just the theory behind it okay so you have a faster pace thing you have more intimate tighter knit relationships you tend to be collaborating with people in person and there's a desire for industrial applications there are no politics there you know there's certain academic politics there's certain publishing circles that may sometimes you know not like others but you know it's double blind we don't know who's reviewing and they don't know who's submitting the names are ripped off the papers if you're real clever you can kind of just by reading the prose and you've been around a long time get to say oh that's agalosa's paper or that's john katz's paper or that's an ari jewel paper or a silvia mccauley paper but for the most part it's a pretty good system and it works very well and there's really no case of systemic bias or catastrophic failure that people can point to there's a lot of peer-reviewed computer science papers that never go anywhere they're one-offs they appear in a conference but nobody does any follow-up work so what you do is you take a look at derivative work and citation count so for example or boris been cited over a thousand times and there's a lot of derivative work some of which we didn't even do and a lot of people implementing and building it corporal sprouse is in market it's running a 40 plus billion dollar cryptocurrency people are using it okay so we have both in person and we have third party review the point of this process is that you have people who are not associated with the product who have no financial incentives one way or the other who are truly independent reading the paper and saying the things here in the paper are novel interesting and seem to be accurate they are not necessarily right they're not necessarily going to like change the whole world and they seldom do but somebody independent has looked at the math looked at the stuff and is qualified to do so and has said that this is something that's new novel and interesting to the body of literature that's why a lot of these conferences only accept 10 or 20 percent of the papers submitted to them now that's very different than let's say a gender studies peer review which is really solid the entire reputation brand of academia there's cases of where people wrote fake papers and those papers came in and they went on the joe rogan podcast talked about their entire experience of doing that and instead of the industry self-correcting and saying boy we have some serious problems we need to have a discussion they went after the professors who did that which just shows you that there's not a lot of integrity in that type of a system but why does anything like that have anything at all to do with computer science peer-reviewed completely different discipline and domain they don't talk to each other they don't interact nine times 99 times 999 times out of a thousand so we chose it because it doesn't slow us down it gives you guys independent validation that the things that we're doing are somewhat reasonable and by citation count you can see if the academic community agrees or not and you also can see by derivative works you know what type of innovations are done furthermore for a journalist this is why i was so surprised to see this trash coming out of coin telegraph for journalists looking at this how the hell do they know the paper's right everybody's got a paper papers papers papers papers papers papers i got one right there here we go yeah you know this this is a paper from ben gortzal the general theory of general intelligence a pragmatic pattern is perspective look at all those pages and you know let's flip it open to iran oh there's some mathematical formulas there there you are there's some diagrams there oh yeah there's some pros there how the hell do we know what's right you obviously some guy with a degree in english you're going to read this whole thing and know what ben's talking about this is the culmination of 300 papers and 30 years worth of work [Music] so they have the time to vet that the skills to vet that the point of the peer review process is that somebody who's not ben's friend who's outside of his circles who's a domain expert who has the time and the credibility has read it looked at it and said okay there's something here there's something interesting here it's like fact checking an article that's the point so why wouldn't journalists love peer review it makes their job a lot easier they say well these crypto projects are making a lot of claims about random number generation and the fact that they're secure and so forth how do we know they say well you know did anybody check the work and what burden of proof and evidence exists there well there's this 400 year old thing that all science came from you trust it for the medicine in your body for all the airplanes in the sky and the microchips and the electricity and all these things like there's this corpus of science that exists for this stuff and that's kind of how we do it did anybody use that did anybody build from that no no no we can't use that no what we should do is say a project should only be judged if they've written code deployed the code out and nobody's broken it yet and here's the thing guys the people writing the code are usually paid up front and if it doesn't work usually it's discovered six months year two years down the road and the people who suffer are the people who use the product who are not necessarily the same people who designed the product that's like saying monorail the simpsons episode you pay the monorail guy up front and homer gets to be the conductor i mean what kind of idiocy is this but apparently that's what cointelegraph thinks although they said his views don't necessarily represent the views of coin telegraph but okay maybe i can write an article then about it it's just noise and garbage by people that don't know what they're doing the other thing is where do you get a decentralized brain from i can't do this forever guys my scientists can't do this forever if we're real we're going to be here in 100 years so who's going to be doing this 100 years from now if we incubate this into the academic world now it's going to grow like a weed and the science of cardano will be an academic discipline which means people will get their phds and do papers and write papers on the nsf's dime and darpa's dime and eu's dime and the government of china's dime the government of japan's time for centuries on the things that are important to our ecosystem not because we paid them or asked them but because they want to get tenure and it's interesting and by the way that's linguistically neutral culturally neutral it's all across the entire world that's what you get when you open up the peer review world and you make it attractive and sexy to do academic research in a cryptocurrency and show that you can get tenure from these types of things it's just simple and that means you get more decentralization less cult of personality around a founder and no reliance on a lone genius trying to figure out all this [ __ ] doesn't that sound good to you honestly think it through or we could just write some code and hope the code works what books would you recommend on learning formal logic uh jeremy avigad's book that he just published is incredible really like tarsky's book on logic uh there's a few dover books on mathematical logic that are quite good as well but jeremy's book blows me out of the water because it's a nice hybrid book of computer science and mathematics and i don't know if it's formally published he sent me an early copy of it but i'll tweet some recommendations who are your favorite comedians david chappelle and george carlin favorite stargate character that's an interesting one colonel o'neal rick have you ever thought of writing a book i'm writing one right now why do you stay on twitter given that you're a man of principle i thought about this a lot there's been many cases where i've wanted to leave twitter the signal-to-noise ratio increasingly is becoming worse the censorship deeply bothers me why be in a dialogue where people brutally attack you every single day but you know it also gives you an opportunity to reach out to people i've met amazing people over twitter and we've done some really cool things like when i sold some tweets to help people out so netnet i think it's a positive but i think that the way i use twitter has to change necessarily over time especially now that i have more than a half million followers and there's a lot more stakes like for example if i tweet something and it's the wrong thing or the right thing and who you ask it actually usually becomes a story it's pretty amazing so when elin tweets something it's on bloomberg when i treats tweets something it's on like crypto media but we're almost to that point where it it gets on forbes and bloomberg there's actually ben forbes articles written based on my uh my tweets i was like god guys must be a slow news week so you have to be really careful when you have that kind of draw on power and platform to use it correctly and i'm still learning and still trying to figure it out so my worst moments have been on twitter and they were unexpected and in hindsight they're just dumb things but what can you do and some people in the cryptocurrency space have formed their entire opinion of me based on some tweets that i've had they know nothing else they just said well i saw this tweet and he must be this way i've seen some people uh complain when i told someone to go [ __ ] themselves after they mocked the death of a dozen people at a supermarket that i shop at it's extraordinary to me that part of the store is always left out it's not okay to mock or trivialize or diminish the day of a mass shooting where people died getting groceries that's just not okay any normal person who does that you know if i was their employer i'd call them the office and sit them down have a real conversation with them and say why should i have you continue working for me i don't want a person who thinks this way to represent me this is not okay but that's okay for him to do that it's not okay for me to go say go [ __ ] yourself when they do that sold a tweet donated a tweet to charity to the victims of the shooting that is also not mentioned you know on reddit or other places so you know it's a it's a tough space it really is social media is a tough thing and people have no empathy at all uh and when you become a public figure you just have to accept that people will hate you who have never met you never worked with you and know very little about you and when i say hate they have a viscerally negative opinion and they will come confirmation bias whatever they can to justify whatever the opinion is it's got to a point where i could save vitalik's life you can be drowning and i can jump in and grab them and pull them out and then they mention on a theory of reddit all the comments will be negative it's just how it is that's who these people are on the other hand you get to meet people you'd never have a chance to meet before i met vasil and i went to bulgaria because it was alfred's hotel over in barcelona there are many amazing people who are doing incredible things in space and i only get to know them because of social media so you have to balance those things out between the good and the bad and the ugly and you can't do too much of any it's also tremendously addictive it's a dopamine rush there's always something new always something coming at you and so you have to moderate it so you don't spend too much time on it from joffrey miller will mushroom farming be an important food source for mars colonies i think there's much more fundamental things that we're going to have to resolve when we talk about colonizing mars the gravity is a lot less the environment is not sustainable for human life it's a lot further away from the sun so you first have to say is mars terraformed or it's not and are you living on the surface of the planet or are you burrowing in and living inside of the planet probably significantly easier if you can't terraform the planet to have people uh dig into the earth into the you know deep down inside mars and live a few hundred feet under the ground you wouldn't have to worry about radiation you wouldn't have to worry about surface conditions and it's much easier to build a contained environment if that's your goal but then you're living in caves you know you're living underground and is that a good thing is it a bad thing well you know i guess it depends on how good your virtual reality is and you know how good you you can make that living environment in that area mushrooms are a great food source but if we're at a point where we can terraform a planet or colonize a planet like mars i imagine that synthetic biology will have evolved enormously as well and likely we'll have designer organisms that we create specifically to assist in the terraforming and colonization of mars or perhaps even change the environment of the planet charles what do you know about proof of burn we wrote a paper on proof of burn charles what are your thoughts on gain of function research this is interesting when i watched an interview yesterday specifically on this topic um it is just extraordinary to me that you can take already very deadly things like avian flu or haunt the virus and then say hey how do we make these things more transmissible or actually allow human human transmission and this is research that's permitted uh it makes no sense to do that because you ask yourself okay let's say you're successful and you learn a few things what have you learned you've learned how to make pathogens worse and maybe you learn a little bit about their how those pathogens work is there anything there that you would learn beyond what you would learn in a computer model maybe a little bit but are you infecting humans no so you really don't know how these things work on humans okay so infecting animals all right maybe but you're not gonna infer as much from that so maybe your animal studies give you a little bit more than your computer studies would but then you say okay that's it that's all we learned on the other hand on the other side of it if it leaks you have killed a billion people and this is a good idea this is something that's just amazing i mean look how many people died from coronavirus probably was a lab leak more that we look at it and it wasn't a very deadly virus compared to the family of all diseases that could affect from uh from a pandemic imagine if the case fatality rate was 12 or 15 with coronavirus uh we would have 50 to 100 million people die from that society would collapse store shelves would be empty another 50 to 100 million would die of starvation and war within the first year from a pandemic of that nature and scale we might even have a world war or something like that that is what gain of function gives you and the problem is that even if you have one facility that's amazing and everybody's doing it the right way it's a game of numbers the more research you do at the more facilities the higher the probability however small it is that somebody's going to get it don't believe me look at the lottery mega millions and powerball individually guys if you buy a ticket uh you're not going to win i'll say that with absolute confidence yet every few weeks every month or two we have a winner because enough people buy enough tickets it happens so even if you have a very small per event uh chance of a lab league over time and you can google lab leaks at level four labs level three labs you know from hoof and mouth to other things it's happened so does it make any sense at all to say let's go create these mega dangerous mega death pathogens with gain of function and then at the same time keep building more facilities and doing more of this research eventually somewhere somehow either someone's going to screw up or a person's crazy in the head and they decide that it's time to end the human race don't believe me look at the guy flying the airplane the pilot flying the airplane for i think it was lufthansa or one of their derivative companies and he was flying i think around germany switzerland france somewhere in that area and he decided because he was depressed to crash the plane himself killing all the passengers people go crazy and their scientists go crazy i remember many years ago in colorado we had the dark knight returns and there was a shooting down in colorado a mass shooting with a crazy person who thought he was a joker now that particular person was a graduate student neurobiology down at university colorado at anschutz now what if that same mentality is there but it's applied towards a bio researcher these people are friendly they're not military people they they're they eat together they talk together they're very chummy if somebody has malicious intent they can do something to infect themselves or smuggle the pathogen out and it just takes one person the lab leak at wuhan if it happened likely was either they were playing with bats or they you know did something in one of the rooms they got infected maybe they were asymptomatic or had a mild infection didn't think they were infected didn't care and went to the wet markets to get something to eat coughed on somebody coughed on food touch the utensils someone else touched their face it's out that's it it's all it takes and you've killed a billion people so why the god's name would we not regulate this type of research and really ask significant and serious policy questions about it that's why the most recent episode of lex friedman he asked he had a guest on who talked about this at length with both sam harris and with lex and i tweeted this is the most important lex friedman podcast uh he's ever done general intelligence ai this type of stuff it's 30 40 years out maybe it's a threat maybe it's not it's easy to see how it would be when we talk about designer bugs and organisms it's here today we're doing it today they took avian virus h5n1 and they made it human transmissible 60 case fertility rate and they did that in 2011. okay look at how far the field has evolved it's madness absolute madness to fund this and not regulate this it is one of the biggest existential problems and the fact that we can't even be intellectually honest about the origins of coronavirus tells you that the world is not prepared for this type of research at all charles who do i get in contact to learn more about your biotech company i work in the field want to learn more we will have a website at some point i will put it up and when we do i'll send you that way right now we're kind of in silent mode charles security video lecture update i'm the only one of your 220 000 subscribers that has not forgotten about it maybe after lonzo i have not forgotten about it i'm going to redo the video there's actually a udemy course that i have not do not have the time to take specifically on infosec i also have a book on information security on my desk i'm going to go through both and also talk to a few people i have copious notes i got about 70 emails specifically about that lecture and there's a lot of infosec professionals that reached out to me and said hey there are some easier things to do or perhaps maybe a little bit better for the end user so now that i have all these notes it's going to be easy to do the revision of the security lecture update all the materials still good and it'll keep you real secure but i think they're maybe a more graceful way of accomplishing what i wanted to do in that video still good video though are we entering a bear market charles actually we've been in one for a little bit joe just lost 70 of its value in the last 60 days i sold all my ada today well good for you sir hope you buy yourself a sandwich make sure it's got meatballs on it big spicy meatballs a little bit of sausage too do you like to play poker i'm learning learning all about texas holdem i bought some books on it i'm terrible at it though come on guys give me some interesting questions huh charles have you been to peru yes what are your thoughts about austin texas would you ever live there no i'm a wyoming and colorado boy when are you doing joe rogan rogan after gogan did you used to code minecraft plugins the only plugin i ever modified was from minecraft version 1.2.5 uh and i modified it so that i could grow so they had these wheat plants and i changed all the skins on the wheat plants because they changed the mod was to grow diamonds so basically you could plant diamonds and they would sprout up and you could harvest them like you would wheat and i changed the texture on it and i added this beautiful little teal and made a little red at the top and so forth made it really cool uh with uh with photoshop so that i could then uh differentiate it from regular wheat inside the game that's the only thing i ever modified didn't require a lot of code and it didn't require a lot of work i did spend like four hours playing around with learning how to change things and photoshop actually i think i did that in [ __ ] uh at the time i had a linux setup and so yeah there we go that was the only minecraft plugin i ever played around with anything that was a very long time ago version 1.2.5 probably like six seven years back maybe longer bmw or mercedes neither audi audisa because i drive a lamborghini got an outie could start scarlet witch defeat thanos with gauntlet on her own uh no the whole point of thanos with the gauntlet is thanos is undefeatable literally he just does this and he can kill half the universe so he can make any set of people in in the half set that dies no exceptions [Music] foreign how was freya the dog very good starting to wander great pyrenees do that and that's always a always a challenge favorite everquest expansion that's a good one the moon lucan or lucian or whatever it was where they introduced the little cats that was always fun i had to change my graphics card to be able to play it do you drink coffee i am literally drinking coffee right now ah do your doggies have names prince and piper mark asks how was your flight it was a good flight strong flight had some fun is starbucks overrated i have not drank at starbucks in a few years i just don't think their values and my values align anymore i used to be a huge starbucks fan 12 years vinti mocha frappuccino with whipped cream 12 years i've drank there since 2020. [Music] charles will you do another ted talk yes i will once all my work is done it'll be my bookend after we've done all the africa stuff i'll be like guys i told you we were going to do it and here's what we did i feel like wow are you interested in the new diablo 2 resurrection absolutely would you open an office in miami if they became crypto friendly they already are crypto friendly i spoke with the mayor of miami wonderful guy uh and there's a good chance we may locate the c fund headquarters in miami right now it's in california when can we expect the mastering cardano book i just had a call this morning on mastering cardano jim caldwell is doing a great job i'll go ahead and tweet on the back of this a screenshot that i took from it which was a really cool screenshot we're going over the table contents phil wattler was there simon thompson was there it's it's really comprehensive right now and we're trying to decide if we want to write a 1200 page book or maybe cut it down a little bit or make it a volume or something like that but jim's the right guy for it and they're working their way through it have you played age of empires yes i have favorite campaign with the babylonian campaign in age of empires one you start off with just the priest work your way forward why is bill gates buying so much land it's a really good hedge against inflation and guys it's not that expensive when you're of that kind of level of wealth you know buy 10 20 000 acres per year you wake up in 10 years 20 years you have 100 200 000 acres of farmland and you just start making money from it um i got an 11 000 acre ranch you know it's not that hard to start accumulating these things at that that wealth level so there's nothing conspiratorial about it it's just land tends to hold itself well against inflation and land produces revenue and that revenue is proportional to the value of goods so if you know dollar collapses you have a lot of wood or agricultural output or you know something on the land that produces value it will be always you know relative to what the buying power of the dollar is at that time so if you have a hundred billion dollars like bill gates does you're going to put 10 20 of that into something real estate related or equivalent just as an inflation hedge to preserve the wealth that you have now the downside is it's not liquid and if the sovereignty fails in this case the united states then of course you lose the land talk to all the farmers in zimbabwe who got screwed um uh when you say land do you refer to farming land or rental properties well you know both you know it just depends on what your shtick is are you active or passive and uh you know do you have the skills necessary to manage it the more active management hands-on you can be and the better you are the better the returns will be but obviously the less time you'll have for other things have you ever met linus from linus tech tips i'm a fan of his show i really like him he's a cool guy but i've never met him i want to um charles how do you like switzerland with love from basel i love switzerland one of my favorite cities is myers couple it's a small little town very pleasant memories walking around there lucerne is great and zug is great zurich is great it was a special time in my life hmm which second found successor chapter is your favorite that's a fairy warhammer 40k question well obviously that's the bloodravens right do you want to buy an island charles the only island i'd ever consider buying is lanai if larry ellison sells it because i grew up in hawaii and i grew up on the island of maui and lanai is one of the few hawaiian islands it's still private i would love to buy it and make it public as a native hawaiian you know islands should be open here for the people hawaiian islands should not be private are you excited for the dune movie is lento the second the best god emperor of the universe [Music] you know he plotted his own death so that humans could be free do you like the beetles well you know if i really had to think about it i'd have to take a ride on my yellow submarine and then i'd lament on the fact that i'm a rich man but then you know i'd probably meet somebody and offer let them drive my car you know maybe their name's jude i could say hey jude you want to ride my car and of course i'd have that silver hammer they scratched it dad joke i gotcha why do people really hate ada it is what they see they don't like me or they don't like themselves that's what they see it must be bad hmm charles are we on the road to serfdom yes we are as long as inflation continues to increase the money printing continues to be unconstrained we are on the road to serfdom okay well i'm gonna cut it loose here because it's been a very long day and i got some work i still have to do however as always we go to kiva and for those of you who are new kiva is a microfinance platform and kiva is where you can go to lend out to someone who needs a hand and they're all over the place they can be in pakistan or palestine or they can be in nigeria all kinds of places so what i'm going to do is kill the video stream i'm going to log in and then after i do that here we go just make sure that that's not there sign him with google okay there we go and then we're gonna go ahead and start sharing again share screen okay so go over here and we can take a look uh the amount of money lent and we have 294 dollars available to loan i have about 3968 dollars out these are all the different people that i've lent to gary all right so let's go somewhere so let's take a look at lend let's pick a region uh i don't know where should we go today how about central america let's take a look at el salvador since they've been so kind to the cryptocurrency space let's see what we got here all right let's take a look at her okay so maria santos she's 80 years old she's a widow granddaughter lives with her at her house maria has a small store selling staple goods she began her work desire they need to generate income she needs a loan to buy juices soda cookies and other treats to sell at her store well maria let's go ahead and uh let's go ahead and give you your full amount that you need let's proceed all of it and how much credit do i have left okay there we go and let me stop the screen sharing real quickly so i can lock into paypal i always like scaling kiva okay there we go and we'll go and share again okay so there we go maria santos we just gave her her loan go back to our portfolio and there she is congratulations el salvador let's hope that those cookies sell and uh that she has good fortune and one of my goals is that we'll have a stable coin on cardano soon and a peer-to-peer lending set up on cardano soon i'll be able to do all of this from a cardano application right in the browser and not only will it be a donation like it is with kiva because the best possible outcome is getting the money back i'll actually be able to get a decent return from it means that we can do tens or hundreds of millions of dollars of loans every year until next time everyone this was always a lot of fun i enjoy it i'm sorry you couldn't go a little longer but i'm a very tired it's been a long day i've been up since 6 a.m and got more work to do i'll be up till midnight maybe longer and an early morning meeting so until next time thank you so much for listening i always have fun cheers
