hi everyone this is charles hoskinson broadcasting live from warm sunny colorado so i have a a very simple unwritten rule uh that shall now be written whatever doge goes up 500 in a day i'm going to do some sort of doge special episode i'm not sure what we're gonna talk about i'm not sure we're gonna do but this is the doge special congratulations they may actually be number six although i don't think they'll hold it for long it's still a lot of fun you know the markets uh they get hammered all the time and the stock markets are kind of fun these investor groups got together and they said hey we're just going to go kind of troll wall street and buy uh you know a video game uh resellers stocks uh gamestop and then go and buy amc theaters and whatever the hell else we want and now let's go do dogecoin because that's the most trolley of all the coins and uh then wall street shows up and they say oh how dare you do that you're not allowed to do that we're short selling this is crazy and then i just found out that it looks like robin hood got a direct communique from the white house and from the securities exchange commission and other actors to uh stop trading in these stocks and of course for our uh for our industry this tuesday we're used to this stuff you know dogecoin is a great example of that goes way up goes way down uh it's uh ain't no thing wall street is not used to these things at all so it tells you who's gonna win in the future but i did figure [ __ ] it why not i was just about to go to bed and you know how many times do you see surges like this uh so uh i figured i'd just do like an informal impromptu ama so it'll be a little loopy i don't know how long i'll last i'm exhausted maybe 20 30 minutes uh but um let's see if we can have some fun together and enjoy doge together it is a little depressing though you spent all these years building systematically being very serious writing academic papers and a coin that's literally a copy of bitcoin with no founder left and no technology and no nothing it just goes the goddamn moon and you're just looking at it you're saying to yourself oh welcome to crypto uh but you know you have to find humor in the whole thing okay but of course we'll be around in five years and they'll be around in five years getting pumped by reddit [Laughter] okay let's take a look at what you guys have from james dean what's up charles you look cleaned up yeah i got a haircut shaved a little bit it's amazing how many years that takes off of you wait there was a communique from the white house yeah that was the rumor that i heard uh that um some members of the white house and the sec reached out to robin hood and told them to delist or stop uh trading of certain stocks to kind of calm them down a little bit and they're also robin hood has a financial connection to the people who were on the short side of those stocks so there should be an investigation at least that's what i heard it might not be true but it's hard to know these days what's true or not i just know at least one congressman has sent a letter to the sec asking for or the doj can't remember which one asking for an investigation and i've seen a lot of things percolating around the channels how sustainable is this doge pump it's not sustainable at all it'll collapse there's nothing intrinsically valuable about it just like there's nothing intrinsically valuable about the gamespot stock just went way way way way way up and it's going to go way way way down when fundamentals return yeah so this is a good point it says hey charles they say in stocks and cryptos every game we make is somebody else's loss is this true it really bothers me well not necessarily there is a notion of value creation hang on let me use my hand to reset focus there is a notion of value creation and it is entirely possible for stocks to gain real legitimate value over time um and creation to occur as markets expand uh but there also are some zero realities with these things in the case of rapid trading and short selling and these types of things it's absolutely as a sub-zero and a lot of retail investors are gonna get hurt and if they're willing to lose their money then it's all fun and games but if they're thinking they actually can make money you're gonna lose the smart money's already out doge number seven on market cap yeah it's entirely possible it could be good become number three by the end of the week if this trend continues it's also entirely possible to collapse eighty percent this is a great point when hedge fund billionaires move markets they get huge bonuses but when ordinary americans move markets they get shut down by wall street system is rigged absolutely system doesn't like competition and the system is rigged against the little guy that's why we build cryptocurrencies and that's why we build alternative markets i firmly believe there is no way to win through regulation or the ballot box it's only going to be through competition we need to build new markets new products and if they don't work in america offshore and make them go to africa and asia and other places and outgrow them because once someone's rich and powerful they're never going to give that up unless you take it from them or outgrow yeah well this isn't exactly capitalism when you say things like capitalism rocks america does not live in a capitalist system so when your aoc crowd comes out they say capitalism is evil we live in cronyism it's where the government in companies large companies get together and the companies hack the government to create marketplaces where large companies always win as an oligarchy against smaller companies and every now and then these small companies can break through and they're very rare 90 or more fail and the ones that break through get invited into the oligarchy and they get co-opted and corrupted so that's not capitalism it's not a free market when regulation protects the big and powerful and creates anti-competitive realities and cartels are allowed to exist where will you move to if the united states tries to taxes more than 80 on gains i'm not going to move i don't care if the taxes are 100 it's my home america is my home where would i go what would i do i'm not going to be a refugee i'd only leave if there was a civil war and there was nothing left of this country but i'd probably fight it if it occurred you know leave your home you try to stay if you can and you try to make it better if you can and the war is not lost and yeah taxes go up and crazy socialists get power from time to time crazy fascists get power from time to time uh and the system is built in a way that it has enough checks and balances that i believe it can survive mary hard fork event uh it's hfc hard four combinator it has a tentative date if so when yes uh tentatively february 22nd no comment macho man randy savage one of my favorite wrestlers you might not like it but you better believe it when multi-asset refer to my prior comments let's keep going through chiefs are the bucks in the super bowl well i don't watch football anymore i watch tom brady because he's grandfathered in but after brady retires that's the last link i have to american football after all the politics invaded football and everything got so crazy i just lost all interest and i don't really care anymore about it you know it's uh it used to be very passionate i knew everything about everybody i knew all the statistics and i loved the sport and it was something my dad and i were deeply connected with um but not anymore i just don't care that said i like brady and i think he is the greatest of all time and i'll never bet against him and i really enjoy watching him play but he's 43 his time in the nfl is coming to an end not this year then next year but some point yes soon he's gone and after that there's nothing i care about anymore in football so i hope for the bucks uh as a former broncos fan i'll never root for kansas city this is a good one twitter and cardona when singularitynet cardona went thanks we are right now looking at forming a working group and we've had some discussions with a lot of ceos and a lot of different social networks about exploring just like jack dorsey with blue skies exploring how to build an actual useful decentralized social network now i outlined a collection of requirements um that i feel are necessary for that network to be useful first the network has to actually solve the underlying problem of information flow and curation and radicalization so right now information does not flow properly and it's not curated properly we live in silos and social networks so this is the most fundamental problem and those silos uh basically become self-reinforcing feedback loops that radicalize people and make everybody succumb to confirmation bias and they don't even subjectively separate people they make people actually live in objectively different realities they cannot agree on basic facts anymore one side thinks one side one an election the other side takes another side one election there's no agreement there and that's an example of an existential division that if it exacerbates it becomes problematic so the first characteristic of a good social network is one that balances perspectives and information and allows people to agree on common facts and understandings even if their values are different about that for example we can have a discussion about how many people in the united states don't have health care but still not have that immediately follow that everybody must be a supporter of universal health care where universal health care is defined as total government control over all health care we can entertain other ideas and we can also have common values where it is morally right for as many people in the united states to have health care as possible so the world is nuanced and there's a lot of complexity there and you have to be able to discuss issues and agree on baseline facts and then you can argue about values and try to understand why people have values the way they are so the first characteristic is uh you need information flow proper information curation and the ability for people to converge towards a nuanced middle as opposed to radical silos the second criteria is you need incentives for the curation of information and incentives for participation and content creation hive and bats and steam are all examples of where partial solutions exist and you actually have a more meaningful way of having advertisement micro targeting without surveillance capitalism and the fundamental preservation of privacy and then finally the infrastructure of a social network is much more cumbersome than a cryptocurrency uh 4k video i mean just this video stream alone if i go on for an hour will be about a gigabyte there are millions of these every day and a lot of pictures and a lot of social interactions even a small clique can have a million or two million interactions over a period of a month and so that computation network and data resource is so incredibly expensive that normally there's an economy of scale there so new protocols and algorithms need to be invented so these are kind of the baseline three components you need to have a sustainable closed economy uh where there's a demand for the token there's a demand to acquire the token and you use the token to incentivize things you need to have de-radicalization and proper information flow and you need to have proper infrastructure subsidy and if you can achieve these three things then i think a decentralized social network makes a lot of sense because twitter and facebook and linkedin can still exist they're the interface the protocol is the information layer it's the river they're the boats so so under that understanding you can still have moderation you can still have a notion of deep platform you can do very different ways the way it's done before and no one corporation or cabal of companies has the ability to destroy people to remove them from the river everybody has equal access and fair and free access to the flow of information uh so we'll probably write an open letter if we can put a coalition together and talk about these basic principles and things that can be done and as with all things we do it's probably gonna be a research project but it's not not something that i'm doing actively right now but i am having some meetings about it because the platforming of things like parlor is honestly one step removed from the platforming of our industry and if we lose the war there then we're the very next target our industry because all they have to do is say that cryptocurrencies are used to fund hate speech and if they're de-platforming one guilty platform the other there's no stopping there you need a backstop charles do you want to give your side of the story on what happened to jessica one i don't know jessica i'm not sure you'll have to be more specific you must know something i don't know or there must have been a news item that i haven't heard yet it's a bizarre question do you consider staking rewards to be a form of revenue that can be used from for personal transactions it is compensation for labor performed just like mining is compensation for labor perform the people who stake are operating the network and that provides value collectively to the entire network so the network is paying those people to basically do that and the only currency the network has to do so is ada and ada has real-life value so it's a reward i you know and of course it's revenue and there's of course a tax event associated with it you're not guaranteed ada you're participating in a process and you have to do work to get it foreign do you change your own oil no i have cars that are really really hard to do that maybe the trucks i could but time is finite and the more computerized and complex things that whole right to repair starts evaporating pretty quickly how's the wet year going sir favorite whiskey mine is crown xr right now thoughts well my i love hibiki and i like um glenn morangie and i and then there's a bunch of different whiskeys i like but i haven't drank anything yet i haven't had time or desire thoughts on bison trails we definitely work with them we have a good relationship with them and my hope is over the coming few quarters that we can uh tighten that up and accomplish great things with them to penn c have you talked about risk five will that prove infosec simplicity is the ultimate elegance and risk five is a very interesting hardware innovation it's an open source instruction set uh with open source processors that are being built to follow that instruction set uh and it's the first time computer industry we've had an instruction of that level since the introduction of arm in x86 those wars so it's a really cool thing and i think x86 the whole intel set of things the sisk is too complex and risk makes a lot of sense and to have an open very simple instruction set for the entire iot side of things trusted hardware these other things makes a lot of sense to build on top of that as a basis and i wish them well i hope that they keep uh keep scaling up who drew those paintings in your room they were done by children with crayons charles do you have a brother if so is he as smart as you oh he's smarter he's a brilliant doctor he's up in wyoming he's an internist he went to the family business and i was the uh i was the rebel how to read scientific papers well it depends on the field of science that you're in but for computer science papers they usually start the same way they have an abstract introduction there's a body and then there's a conclusion so you read the abstract you read the introduction you read the conclusion first okay that's the starting point and then what you try to do when you look through the body is get a sense of the major results of the paper and there's going to be the stuff you get and then there's going to be the stuff you get but the explanation of why it's true is really really hard and then there's a stuff you just don't get so you try to at least parse the stuff you get first and that hopefully is a big chunk of that and then you think real deeply does that conclusion follow and then once you're good you go back to stuff you don't get and you try to parse that and and try to fit into some sort of knowledge graph and in many cases uh really technical papers may be a bit too difficult and what you'll have to do is regress back to the citations and go to the foundational papers so if you find something with lots of edfs and vrfs and all these other things you'll probably read those foundational papers first before you can really tackle that and these concepts may take some time this is especially true when you look at really really specialized things like zero knowledge cryptography now the proofs some even amongst professionals some people just take them for granted uh and that's a big problem in mathematics in particular there's a proof by authority that grows around oh well that guy's got a field medal so why he's probably doing it right um and if you actually want to validate a proof it's a lot of work uh especially for domain specific papers that are very deep uh things can go on and on like we're writing this treasury paper for example um and that paper uh is for large scale private treasuries for catalyst in cardano i think there's like four or five pages of just solid symbols and math it's a lot to go through bin shang is a genius he's a very very smart guy so to actually go through that whole thing and convince yourself it's true and read the proofs carefully amongst exports would take days to weeks and amongst amateurs it may not even be possible given massive sums of time so that's the hard part of these things but following the conclusion and trying to understand the significance of it uh you know you should always ask why should i care why should i care and always be trying to have a centopical understanding of where does this fit my knowledge graph and why is this relevant hi charles and thoughts are updates on q adidas didn't spell it right but that's okay we're going to change the name we're working on it and i will make an announcement a later date we invented invited kevin buzzard in to talk about lean and we're looking at a lot of different languages and we've we've circulated this amongst many people big fan of auto math and mizar big fan of the qed manifesto back in the 90s i'm not quite a constructivist that whole lot of excluded metal thing i'm still in love with it um and i haven't been pushed so far uh one of these days i'll be star craving mad talking about rational trigonometry and ultra finitism and then that's when you know you should probably move on from charles but we are definitely uh we are definitely um you know moving in that direction it's going to be a very fun project to pursue how do you get into a state of deep focus when working on something if it's extremely important i use an isolation tank so what you do is you sit in an isolation tank for about 90 minutes and if you're particularly distracted that day the first 20 to 30 minutes or absolute hell and then at some point your body and mind will calm down and then you'll get into a state where you're prepared for deep focus when you leave the tank shower off and don't go into a digital environment at all go into a silent room with no digital devices and whatever you want to do deep work on and it's there if you find that you still can't do that then the next step is to go on a fast and then after you fasted for a few days then go into an isolation tank those two things together almost certainly get you into deep work mode it's hard the world is engineered to erode that and it's exceedingly difficult to get it back do you meditate yes i use a variety of techniques and methods i think the best way to get into the meditation space is to use the call map what's formal verification tooling look like for pollutus marlow and yella oh man i have had four and a half hours of meetings this week specifically on the spec languages um there's a lot of stuff i've i've even emailed leslie lamport uh there's so many things that are going on right now i can't quite talk about it yet uh but i think we can make an announcement soon about something we're working on i think is not only good for us but for the entire industry as it relates to specifications and formal verification thoughts on andrew yang he's an example of a democrat i like i don't like many of them and i don't like many republicans the point is he shows up to the table and he says facts and he brings ideas based on his values on how to resolve the problems that those facts imply explicitly and implicitly now i disagree in many cases with the solutions that he's proposing but i could have a conversation with him he was the only democrat who had the courage to sit down with ben shapiro and have a conversation with him all the other ones were running around saying how dare you even consider it and normalize that racist sexist homophobe bigot evil person and that's the problem we have political parties that not only aren't listening and talking to each other they're socially criminalizing the mere act of talking to each other by this word of normalizing so yang is part of the solution uh he i don't think he has all the solutions but at least he's in the right direction and we need more of him and tulsi and others and much much much less of aoc and much less of trump and much less of these incredible partisan divisions we have would you move to texas no no no i love texas and great people great barbecue but i'm a coloradan and if i ever moved anywhere i'd move wyoming that's about it i love this the uh crimea river tell us the plan to charge poor ethiopian farmers 15 apy loans well if you provide somebody the means to double or triple their income is it unreasonable then to take a small percentage relative to the total amount when you get a car loan you have a car is that truly something you need or is it a luxury maybe it is maybe it isn't but if it is truly something you need do you need a mustang or can you get by with a used yaris when they get a fertilizer voucher by doing so they could double or triple their output of a farm and yet you're saying the people take enormous risk in providing that can't get compensated for this it's always got to be charity which means no markets can form because none of the profit is sustainable and if markets can't form you will never have growth of wealth everyone stays poor read a [ __ ] economics textbook so would you go back to hawaii well i was born in maui and i lived a little town called makawa and there's actually a ranch out there that i'm thinking about buying the poholo ranch it's right nearby where i grew up and i used to slide down the the hills there uh it's right on the face of haleakala on cardboard uh but uh i i could imagine living there part time during the winter but it's just so far removed from everything and i'm so in the arena i don't think i could live there permanently do you believe in caloric restriction and life extension i actually have a member of the ada community i'm going to go spend some time with he's based in florida specifically on life extension and i'll do a special edition talk about it it's uh first week of february all right well what's your question about ada why doesn't he answer questions about ada i asked some about ada no you don't see you haven't asked an ada question come on now come on now you got this son you got this any videos do you recommend for new people in the space yeah two entry points gensler's the current chairman of the securities exchange commission's um 20 courses that he did at mit on cryptocurrencies quite good the other recommendation is the princeton course on bitcoin in uh coursera both of them are free and both of them would give you a tremendous understanding of the industry as a whole uh and then you'll have a sufficient foundation to kind of get to the next level what did the bird that landed on your shoulder tell you about february charles seems like he only played humans and wow i got news for you i never even played well to this day i've never played the game not once charles embrace the bolt head shape the rest it's going to go in one direction or the other and i'm just trying to decide is medical science good enough to make it go in the desirable direction if not then i'm going to go in the bezos direction uh you guys will obviously know that result is craig wright satoshi no it was like tywin lannister any man who needs to say he is the king is no king any man who needs to say he is satoshi is no satoshi are you gonna attend bees on your ranch okay pop quiz what is beekeeping called do you guys know what it is it's called apriculture no not right now but uh at some point in the future i will actually um ethiopia has a thriving bee population that keeps it expanding and they use it to make alcohol amongst many other things when will you fight chico who who is here chico [ __ ] is that guy do you do you eat fruit yeah i love star fruit grew up with that it's amazing but i have a very diverse palette so i enjoy many of them jedi are sith neither they need to be together and balanced how's the new mattress uh yeah i bought an intellibed i got roped into that i got an intellibed midnight and it's got this crazy intellibed gel foam it's like purple done right and i gotta admit it's a weird feeling it's both hard and soft at the same time but i can sleep on my back on my side and uh feels great it's actually an incredible mattress pounds like six people carry the damn thing in but uh highly recommend the bed you know no matter how rich or poor you are spend a lot of money on a bed you spend eight hours plus a day on the thing 56 hours a week if you're getting a normal night's sleep even if you're getting [ __ ] sleep you're still probably spending more than 40 hours a week on it and most people won't spend more than a thousand or two thousand dollars i don't have to buy it on payments then that's the one thing that makes a lot of sense you can do so much more in life when you're well rested than when you're tired when you're tired it's like drinking on the job you're at a huge disadvantage for a medium firmer plush i used to always be a plush guy but now i'm command soft i was gonna say something for the tape but uh we'll keep it peachy looking good charles yeah well i just need to lose 30 pounds and get back in shape outside of that great which infinity stone is my favorite uh well i mean the time stone is probably the most useful uh but the reality stone is pretty cool too it was undervalued i still don't know what the hell the spirit stone does bring people back to life i don't [ __ ] know you know this is interesting one mage tank malay range support healer healer mage is really the just the best role ever to heal your because you're everybody's friends and then mage because you can do something even support mage and usually you can multi-class but i had to pick any of them the healer is the way to go because think of it this way if you actually lived in that world you know like a rpg medieval setting do you want to be the guy that if he gets a shaving cut can die of infection or the guy who has the power to heal any wound and raise the dead also if you wanted to make real money wouldn't you want to be the guy who has the ability to heal wounds because everybody would come to you as a miracle healer and pay you large sums of money to heal them so you could quickly become wealthy wizards are scary they summon demons and burn people and you know cabals of people trying to attack them healers are happy people like healers and then with your money you can hire tanks and believe in range and support and mages that's what we call entrepreneurship please explain the plague doctor plushie tweet i saw a plague doctor on a facebook ad and i said wow that is so cool and it was well overpriced so i went to amazon and found the very same plate dr plushie for half the price and i bought it there but i still repeatedly clicked the ad just a few times because why not uh and then it arrived in the mail a week later and it's a tiny little plague dr plushie that sits on my desk as a symbolic reminder of the year 2020. it was the plague that wasn't really a plague but still enough of a plague to really mess up the world all of the older medieval plagues just laugh at covid they're like hah what do you think about the practice of rikki talk to james randy about that it's made up there's no evidence for it for through magic it's the magic of placebo charles who's the best super smash brothers character i don't know mario did i just defend a lot of people taran protoss and zerg taran are the most fun to play protoss are i think the best race ever consider making a drm system this would be a great example of a utility of a non-fungible asset i love these people oh my god i didn't answer a twitter question in five seconds it must mean he only does youtube questions ah periscope doesn't work for most people when i live stream at the a lot of people have including me difficulty based on the network they're on actually getting a periscope live stream it's very tough uh so i tend to answer more youtube questions because that's more persistent the youtube link gets shared far more tell us good news come on we deserve it okay you guys really want some good news you guys want me to tell you some of that secret squirrel [ __ ] that we've been hiding you know that little bird you really want me to tell you what i know because there are some good things coming that you'd all be very happy about but i'm not going to tell you ask the market that burnt too much the only reason why i [ __ ] to them is they've been such a brutal dick to us they called cardano so many times an mlm ponzi scheme defrauded the elderly a copy paste of their technology you know happy to work with people in that ecosystem but there's certain members of that community who's had so far up their own asses and they've said some really hurtful horrible things as has the eos community from time to time for my crime of telling them that dan larimer was going to take the money and run go figure guys the truth hurts don't attack the messenger take take the message and think about it i don't have a lot of sympathy for people who raise hundreds of millions or billions of dollars you encumber gargantuan responsibilities if you're willing to engage in that endeavor and you have to commit yourself for years or decades to complete those responsibilities how's longmon oh come on longmont's great we got next light fastest internet in the world i don't even get it because my farm is too far out go figure you follow any esport yes i do league of legends i love league of legends used to play it all the time one of these days i'll create a league of legends team it'll be like the jamaican bobsledders team i'll go to a very small caribbean country and form a league it'll be dominica we will win i don't i don't know maybe we'll like turn down the temperature in the room just to be just to be more in line with the movie trinidad and tobago yeah man and we'll do it at the university of west indies you know your thoughts on vitamin d3 deficiency and high morbidity if you're in england the vitamin d deficiency and of course high morbidity in the pandemic is indeed an issue and at the bbc we always attempt to talk about the issues um it's a big issue this week in virology has several great interviews about it uh james campbell also has several great uh pieces on it uh highly correlated probably causal and in general if you have vitamin d deficiencies you're probably gonna have a harder time with pathogens in general so just do your own research on that one and very much recommend that you take a supplement most people are deficient but listen to the doctors first any games on your phone yes i have two games on my phone beam dog studios baldars gate one and two on my phone yeah ah the stake man best regards from tokyo charles yes he is last time i met him i was actually in tokyo and i went to ruth chris steakhouse and he was a lovely host and we brought over a lot of people who are core members of cardano and ken was there and a lot of my people were there and we had a private dining room and we ate a lot of incredibly good steak and i burnt my hand on those famous 500 degree plates that they have and it was a great experience but actually i really enjoyed the graciousness i think we stayed a little bit over closing hours and it's just incredible to see how many phenomenal community members that we have and how they go the extra mile it really makes life fun what was the bill well we had about i think 14 15 people at ruth chris steakhouse so you can imagine how expensive that bill was and i was a guy who had to pick it up but i'm off to the guy who pays the restaurant tab the sticker shock has long faded in my life a few years ago it was a much much worse thing would you consider doing an interview with lex friedman yeah i'll get around to it lex is a great guy and it'd be a lot of fun to uh to do something with him but you know i'll do the whole circuit i'll do lex and the weinstein and go through the whole thing and then eventually build up the rogue and rogan is like the final boss you have to slay we'll talk about help me i eat a lot of that actually bow hunting we'll talk about bjj uh you know and isolation tanks all these things i grow mushrooms that's going to be a fun topic we'll go full michael pollan on that inevitably dmt will come up and i have some friends in that industry in that space and uh there's a lot of stories to tell there that'll be a lot of fun that i never told here i'm actually keeping them in reserve there's guys literally a whole gogen strat a rogan strategy of things to talk about to make me the most interesting of all time my goal is to break the alex jones record and be the longest broken episode of all time too is silvio macaulay a genius yes truman true and very nice human being super charismatic uh and uh very much a good man and he's got a great vision he's got a great team at al grant and we have nothing but respect for the al grant project you know there's some projects that kick the hell out of them because they should know better and there's other projects i actually really admire and i think they do good work like what amin is doing with uh avalanche example of something that has a right to exist uh the same for taseo it's the same for al grant uh and uh i think these projects make the space a better place given that they exist because they're bringing new things to the table that we can all learn from is tesla overvalued the vision no the stock price probably yes guys remember something gm just announced that by 2035 they're no longer going to sell gasoline and diesel cars this is a company that just 20 years ago retired the most popular electric vehicle saying there was absolutely no market for it tesla has had that kind of impact on the totality of the whole industry from the hyper cars all the way down to the consumer vehicles so whether they succeed or fail it's mission accomplished it's just surviving long enough to force the whole industry to change it by 2050 there will probably not be gas and diesel cars on the road there'd just be no reason for it just like there's no coal powered cars or anything like that i don't even bother to try you know steam engine's gone any fun with yuba keys lately i just approved a 400 000 extension to our hardware budget for cardano how about that uh mostly covering uh trezor and ledger but there is definitely going to be a u2fa component to that and we're extending it up and we're going to try to do something cool with catalyst we'll make an announcement at a later date duncan trestle was the longest running rogan podcast how many hours was it i know jones got close to it and come on let's be honest here jones was far more interesting than duncan have you ever seen the new solar powered car light year one i've seen the aptera with the solar skin but i have not seen that one i'll take a look of it okay this is an interesting one any recommendations of which covet 19 vaccine to choose so really it's how far up the river you want to be so you have three three ways you can do this yeah you can either be all the way back in which case you're going to send an instruction to your body to manufacture the rna that in turn manufacture that gives an instruction to manufacture the protein that in turn creates the immune system response that's what johnson johnson and astrozenica and these other adenoviral vector vaccines are effectively doing they give you a chimpanzee virus or something like it it infects you but it's been genetically engineered not to replicate because it's a chimp virus not a human virus you generally don't have an immune response to that and that virus carries a viral payload a dna payload that interfaces with your dna and it has it manufacture some instructions to go and make this viral material that causes the immune response and huzzah there's been a lot of work in that line there's an ebola virus vaccine and so forth but it goes all the way through the nucleus and touches your genome but apparently it doesn't interact with your dna other than just making something it doesn't get stuck in there or so they say okay uh those will be the most used vaccines of all the vaccines why because johnson johnson is a goliath and their platform is single shot one and done uh and they're going to be approved here mid february astrazeneca is a two-shot platform but they're the cheapest of all the vaccines they sell for about three and a half dollars per dose two shots um then the next step in the chain is the mrna vaccines and that says okay we're gonna take those instructions and we're gonna put them in the piece of fat and make sure there's an adjuvant there create an immune response and we're going to inject you with that and those don't touch your dna they just go to your cellular machinery and say hey go do some stuff and it creates an immune response and there you go they're remarkably effective they create incredible immune responses like 95 percent effective the israeli data is showing it's holding it 92 percent and it looks like the africa strain is endemic in israel from the genomic sequence genomic surveillance that they're doing as is the uk strain so despite the fact that there are variants that are uh evading some of the immune response the mrna vaccines are holding up and they are first to market because they're designed with a computer and they're super super simple they also have a higher side effect profile for two reasons one that creates such a strong immune response and two the polyethylene glycol that's in the vaccine that seems because it's in a lot of consumer products some people have strong allergic reactions so we've seen a higher incidence of anaphylactic shock higher incidence of just feeling shitty for a few days however it's still relatively rare all things considered and generally speaking if your chance is one in 780 or to one in a thousand of dying from the disease and we're seeing a huge amount of people with long cove symptoms depression heart damage nerve damage from the disease the fact that you're going to have a mild to moderate side effect as what probably the worst outcome it makes a lot more sense to take the vaccine now fully down the river there's the safest of the vaccines in my view and that's what novavax is doing that's the pro sub unit where they say whoa let's not co-opt your cellular machinery or interact with your dna let's just make that spike protein and let's put it on a dummy thing that kind of looks like covet but it's just the protein and inject it with an adjuvant and then it'll create immune system response hepatitis vaccines and other things follow this approach it's incredibly safe there's no genetic interactions no dna no rna just goes in of course it'll have some side effects but it looks like the uk data shows that that's about 90 percent effective and they have long shelf life and you actually make these spike proteins with genetically engineered moth dna so uh most cells so uh if i had to pick all three of those probably would pick the novo max vaccine however both my father and brother have been vaccinated with the five speaker vaccine uh because they're doctors of wyoming and uh given that we share so much similar genetic material and metabolisms very likely that given that they didn't have an issue with that that if i was to get the pfizer vaccine i wouldn't have an issue either although your mileage may vary um now regardless whichever one is available my recommendation is take it because all of them are probably safe over 80 million people worldwide have been vaccinated at the moment and we have not really seen significant issues from that and why would we it's a respiratory virus we're pretty good at making vaccines for respiratory viruses people say oh it's a new thing well is influenza a new thing no and every year we make a vaccine for that uh and these platforms mrna for example has been studied for three decades and a lot of these things are analogies to existing vaccination platforms which have already been tested in some cases for decades uh in different vaccines like hepatitis or measles or ebola and which took quite a bit of time to bring to market and there's no evidence of vaccine amplification uh there's no evidence of these bizarre theories that exist so uh whichever one exists take it the problem is we're not having an honest public health conversation there's two phases to vaccination one phase is the reduction of lethality and then the other phase is the elimination of the disease entirely from circulation the ship has sailed this is an endemic disease it's going to be with humanity likely forever the lethality is going to decrease dramatically and we've already seen this in israel 47 of their population is vaccinated over 75 percent at this rate will be vaccinated by the end of march which means herd immunity is present and there's a bias in that vaccination towards the at-risk groups so mortality should fall over the next six weeks if the data holds by over 92 percent and at that point if it's a disease where you don't get seriously ill if you're infected you can't spread it to people who will get seriously ill because all the vulnerable populations have been vaccinated there's a public policy question of why are we doing what we're doing why are we wearing masks i mean i wear them i comply i just got this the atmo blue how about that kickstarter yay so it's actually a mask that protects you dude because it's got an h11 h13 hepa filter inside of it uh and uh this is significantly better than uh and it has positive air pressure so i can have a beard and wear it and i don't have to worry about fitting it to my face or shaving uh this is also 120 dollars it's not a cheap device okay so there's plenty of these things floating around there's also a cool uv mask as well okay that protects the face but not the eyes and if you touch that there's a problem and you also still have to wash your hands there's no reason to do any of this if you have 75 percent of your population vaccinated regardless of what's going on in the world and so but there's going to be all these variants and strains well yeah of course there's variants and strains of influenza every year if influenza was novel it would have a significantly higher lethality but it's not and so we as a society as a population have a greater degree of immunity to it so when we get it we're okay even amongst these variants the cushing effect from the vaccines is enough to protect you against the south africa uk variant the pro the frustration from a public health perspective is not that you're not protected and you're going to die and get seriously ill the frustration is that we lose a property called sterilizing immunity which it looks like we have sterilizing immunity is where not only are you protected from the disease but you are also protected from infection altogether meaning you don't spread it to other people if you lose that property all you're doing is vaccination if you're making asymptomatic carriers which is actually bad from a public health perspective good for you so we're gonna have this forever whatever vaccine's available take it it's how far up the stream you're going to be there's one platform shots two platform shots enormous innovation there's even uh research being done right now for vaccination pills you take a pill and it vaccinates you go figure uh and uh there's also those traditional vaccines they're looking into like tonks is looking into a weakened form of covenant they grow in a chicken egg but it takes actually years to bring that to market i think they're safe i think they're effective there's enormous data to that end we vaccinate more people with these platforms than most vaccines ever except for big things like smallpox and polio and you know measles and these things uh so i don't worry too much about it but i think we're gonna live with it forever and what's gonna end up happening is covet will get blended with the influenza shot when you get your flu shot you're also getting a kovitz shot for those strains and the mrna vaccines long term will be the end of flu and the end of copa because for the first time in human history we can keep up with the mutations eventually enough trish will happen that they escape vaccine efficacy and immune system advocacy mrna vaccines you can within a six week period reconfigure the vaccine and create a booster shop to match whatever is circulating so it's no longer you have to guess and use computer models you're actually able to um real time make an effective vaccine and no you don't have to go back through another phase three clinical trial they don't do that with influenza anyway i know many of you are super anti-vaxxer they think the vaccines are poison or bill gates is killing the world i see thousands of comments about this and i always reply the same way i just don't care what you think i really don't because there's overwhelming evidence and facts against you and if you want a confirmation bias your way to a small set of data that's a personal decision you make and you know as a libertarian i just don't care it's your thing it's not my thing and the reality is out of self-interest enough people will vaccinate for hurt immunity to occur and we will never get rid of chromoviruses we're never going to get rid of stars there will be a sars 3. there was a sars1 the sars2 they'll make a sequel star 3 is coming so this is just is what it is and what i care about is the vulnerable people in society can get vaccinated if they so choose and now we're protecting them and they're okay because the vaccines are so effective regardless if this is endemic or not there's no evidence that those who have been vaccinated with the rna vaccines are going to get seriously ill with the current strain and we can keep up with mutation was just genomic surveillance so no we don't need this insanity of everybody wearing a mask and social distancing and society being a perpetual lockdown we just need to vaccinate the people over 55 and the people with a lot of comorbidities that alone ends this and now we're less lethal than influenza because any of those people in the risk group will not get seriously ill don't believe me look at the israeli data 190 000 only 20 got sick none got seriously ill post-vaccination after going through both rounds we have a living example of an entire country that's nearly there and by march we'll be there and you can just follow along and see how long that lasts that's what the world's going to look like by december is that the lament configuration hellraiser box over your right shoulder yes i have such things to show you uh do you like l ron hubbard's sci-fi yeah his greatest work was scientology [Laughter] it's a great piece of science fiction terrible novels great great cult do you play chess i used to i used to play 25 games a day i was obsessed please no more coveted 19 questions guys covet 19 impacts us all more than a million people have died the world is shut down we can't resume normal operations if you work in the service industry you probably don't have a job or the job you have isn't paying you enough to survive my country's economy probably your country's economy has been destroyed what we're going to not talk about that because you politically disagree with something or you think stuff is made up or medical science is not medical science and there's a lab coat conspiracy no we're going to talk about things that affect all of us and have profound long-term implications on the human race if you don't like it go find somebody else to listen to thoughts on robin hood they're in for a world of class action lawsuits what's your opinion on must brainship thing you're talking about neurolink one of the greatest innovations in human history probably will do more long term to change the human race than anything else and why is that because musk has this magic superpower to instantly recognize what he needs to do to be the first mover we call this cascading disruption it's the tagline of my company i try to do it our crypto industry does a decent job at it we kind of do a reasonable job i'd say at our company as much as we get picked on i mean we went from 72 million to 11 billion we went from nothing to a million people and we went from that to the scientific leader in the industry and we have a clear path to getting eventually nation states to adopt what we're doing just have to be around long enough so what musk has done is that with neurolink he recognized he has a path to beta test his technology with millions of people to the point where the technology does what he wants it to do long term so those millions of people are paraplegics and quadriplegics people with parkinson's people with neural degenerative disorders alzheimer's basically these people are in a position where it's never going to get better it's only going to get worse and modern medicine has nothing to offer them so as long as you can show that you're not going to do harm or you're only going to do a little bit of harm those people will be more than glad to sign up for a clinical trial to see if these devices work and they will because the science is sound it's just a question of how effective actually when you're talking about these things okay so what that means is that he just has to survive through enough iterations to get the technology to a point where it works for everybody and all the ecosystems built out tesla is a great example of that it has nothing to do with how many cars they sell it has to do with a clock tesla has to survive until we build a battery infrastructure to rival the gasoline infrastructure in america and for batteries to get enough range that the range is now more than any human could drive in a day that's it and they're almost there 500 600 miles in the model s it used to be 300. given another 5-10 years they're going to be flirting with a thousand give another 5 10 years they're going to be flirting with 2 000 miles and they'll be superchargers everywhere and every car company will be building these things and most people will have at home charging infrastructure once he's reached that point it doesn't matter if tesla succeeds or fails the concept is here and there's simply no way for combustion engines to compete because you're literally having to put a power plant in your car that's really heavy and it has maybe 20 percent efficiency compared to an energy storage medium that because we have billions of cell phones every night every year we want them better faster cheaper with longer batteries lighter easier and faster to charge your battery technology always gets better for free you can spend zero dollars on r d but because lg exists and samsung exists and panasonic exists and apple exists just by these companies and their cohorts alone your technology gets better you're downstream of a huge competitive pressure and there's many revolutions coming graphene batteries are coming uh we have prostate chemistry that's coming and as a consequence all of that stuff he gets for free in 10 to 20 years it's just economy of scale at that point so he's surviving and neural that gives the exact same model put it in beta test it with quadriplegics and paraplegics and at one point maybe 10 years from now 20 years from now someone who is paralyzed will walk again and they become a living billboard for faith trust and confidence in the technology just like having a roadster be every lamborghini and ferrari is a billboard for the technology and the model s being a better car than the s-class or the bmw 7 series is a billboard for the technology okay then once you have that everybody wants it and then you wake up and you'll have 25 million people then 250 million people who get the implants and then you can't not get the implant because you need it for competitive reasons because all your competitors are able to use it to learn faster than you think faster than you interact with computers in ways you can't imagine being able to write a paper at a rate of 10 000 words a minute imagine being able to read a rate of a hundred thousand words a minute that's what neural link is bringing you simply can't afford not to have it once it hits market at that scale time horizon 20 years 25 years is that a huge rush she's going to live a long time but the trend pushes us there and competition will come in and even if nerling doesn't do it once it's been proven does once a single person can walk again because of it the technology is here forever and that's cascading disruption it's extraordinary and musk is the best person in the world at it yeah hang on this is a great example right here there's not a question if covet is real but rather how badly overwhelming the chicken little response has been it's not overblown in certain respects i don't think you appreciate how horrific it is for certain people i appreciate it because it deeply impacted my family family members had to treat it they literally were in the icu with these people and they weren't just all 85 year olds who have cancer and diabetes and mega deaths the viruses floating around their body there were people who were 25 years old who worked at the gas station that my brother filled his car at who was a cashier who got it and got on a ventilator for two months and finally got off and then has permanent damage in the lungs for the rest of his life until they can replace the lungs her stem cells can repair him he basically has the lungs of a 75 year old person who smoked for 60 years and worked in a coal mine and then took moonlight to go be an asbestos installer that is not overblown for that person he's all but that's just one person there now are millions of people suffering from long covert across the world who have heart damage lung damage neurological damage that's not overblown that's deadly and let's be real here probably the amount of people who died during the spanish flu would have died from covet had not moderate medicine existed we can treat ards now we can treat bacterial pneumonia now we can treat all the kinds of things we couldn't treat in 1918 and despite the fact that we can treat these things and modern medicine is very advanced more than a million people have died and before this is all said and done two to three million people are gonna die and a multiple of five to ten more will be just like that cashier at that gas station who was 25 years old was the permanent lung damage imagine being a physicist or a mathematician or doctor you can track the virus and it leaves you in a state where it's difficult to think is that overblown for you if you can no longer do your job and you get so fatigued that after an hour or two hours you're just not able to uh stand up anymore you have to sit down and and take a break and that lingers and lingers in lingers and lingers potentially forever you know there's a lot of people who have amnosimia now and that's a mild symptom relative to these others that's the inability to smell could you imagine living life never being able to taste food again or smell again is that overblown for those people just because it didn't impact you or someone close to you or your family does not mean it's not overblown and you know let's be real here we need to do this in society at least once to wake everybody up because this is the last this is the best of the of the pandemics we're going to get every pandemic here on forum will likely be a human-engineered disease there's a greater than 50 chance of that because there's too many people technology's too good gain and function research is too good and it's going to be too easy for somebody in a lab somewhere in the world to create a pandemic so imagine covid with an ebola-like death rate you know that can't happen what if you bake in a four or five week incubation delay where you're asymptomatic and you make it as contagious as measles why not you don't play by the normal virology game anymore because you can engineer things and because you don't play by that game evolution's not having any say in it you can do all kinds of horrible horrible things it used to be the only nation states could do that and it was tightly regulated and controlled even so we were super scared that smallpox would break out again or like aerosolized ebola would break out or something from a russian lab or an american lab or something like that now there's a cemeteries here and it will happen it's not can it's not if it's will by shutting the whole world down and kicking everybody in the teeth it's making us be very serious about how to actually do quarantines we [ __ ] suck at it this africa strain in south africa and the uk strain because we don't do genomic surveillance it's in north carolina it's in colorado we're not really traveling much anymore we've been in quarantine since march we should be pretty good at locking borders down and contact tracing and and managing the spread of things yet we can't it blows my mind that the world's not there yet we are colossally unprepared for what's coming next so we need to take this as a learning moment a teaching moment and have a worldwide conversation of when this happens for reals and it's not just millions but billions and it's not just tens of millions with permanent disability half of the human race with permanent disabilities and total collapse of society maybe just maybe we should invest proactively money and making sure this never happens again and that when it does happen we can shut it down quickly burn it out quickly and vaccinate people quickly a great paper that talks about how we can take every single agent that cause a pandemic and pre-build most of the vaccines for them to the point where we could launch a phase three clinical trial and get it done within a four-month period could you imagine if we were able in may of last year to bring a hundred vaccines to market and have a billion in circulation ready to go this would all be over you'd all be back to work you'd all be living life again i'd be living life normally again you'd be living life normally again it would have never gotten to a point where that guy at the gas station now has to walk with an oxygen canister but we couldn't because we under invested we undervalued these problems we didn't understand the existential problems that they cause so it's not a question of is it overblown or not for the people who are impacted it's the worst thing in the world including the people who are impacted by the lockdowns who committed suicide who were victims of domestic violence whose lives were totally destroyed lost their businesses the divorces that happen this is something they're going to live with for a long long long long time okay their lives are done for a long time or ever it's now a question of what do we do with this we saw the corruption we saw the lies we saw the lack of faith in institutions we saw the predatory capitalism that occurred we saw the lack of preparedness in our supply chains we saw our inability to do contract tracing we saw problems with our databases it's basically a simpsons episode when mr burns decides to run the fire drill and homer simpson's the first to escape the power plant 20 minutes later had it been a fire for real everyone would have been dead you only get one of those before the real fire happens and this was ours live with it deal with it learn from it everything is an opportunity to grow and learn even the bad things ooh a placental cell platform that will reverse the lasting side effects of args clinical trials yeah it is pretty cool but the problem with a lot of these stem cell therapies they just they never seem to get there and waiting for the hockey stick on that reviews on the grayscale cardano trust i don't think there is one if there was we'd see an sec filing that just registered a name it's quite common uh companies will proactively register things manage your expectations accordingly you know uh barry is a very smart businessman and i think he's maximizing his options but until i see an approved application from the securities exchange commission i'm not gonna hold my breath lost all respect out get out go go go live your life find something better to do pet something enjoy your dunning-kruger enjoy your certainty enjoy the way you live things and how you think and you do your stuff that's the great part about being a libertarian it's live and let live you know you don't try to indoctrinate people you don't try to force your ideas on people you share your opinion and people are supposed to listen and hear you and debate you but we don't live in that kind of a world we live in a world where everybody has to be right and if you're hearing someone talk you're asking is this person validating my views and my opinions or are they the enemy and if they're the enemy this is what you say and you leave because you know you're right everyone else is evil you're good they're bad your facts are the only facts that matter and all other facts are not true they just can't be right and any evidence and data you see to the contrary must be a lie and there's a grand conspiracy to keep you down and everybody else up and where does that leave you isolated lonely unsuccessful dependent or independent of society but not interdependent and ultimately suspicious cynical and bereft of friends enjoy or humans or social you can be around people you disagree with it's okay try it out sometime believe it or not makes your life better in my social circle i'm surrounded by people who have views that are radically different than my own in my own company i have communists working for me i'm a libertarian and i have people who are so far down the political spectrum that they think pro property rights should not exist and we get along we eat pizza we call it the people's pizza that's how life should be we argue about ideas and values but we respect our common humanity and have empathy for each other learn that it's the single most valuable thing if you learn anything in life because that is the one thing that will make all things possible in life yeah but this is another thing so you're probably on the political side of the spectrum that thinks pizzagate was just completely crazy well ideas about blood sucking cults and pizza houses they're a little much but every one of those things has a kernel of truth in it let's agree that pizzagate's crazy but then you must also explore and entertain epstein and explain why he was ignored why has the media not gone after that story you're a journalist your job is to make noise your job is to call truth to power and expose corruption you have a person through social graph is connected to bill gates bill clinton donald trump prince andrew and thousands of other incredibly prominent people in society who hung out with them had dinner with them and in some cases had them fly on his jet and go to his sex island and nobody wants to write about it nobody wants to do investigative journalism and that person died in mysterious chaos they're not even talking about javelin maxwell anymore so yeah okay pizzagate's crazy but the reason pizzagate exists in the public dialogue is because we don't talk about the things we should talk about because those things are inconvenient to people in power for every conspiracy there is a kernel of truth there's a kernel of truth to the anti-vaxxer movement it is absolutely true that the pharmaceutical industry does terrible things and in some cases allows medicine to exist for profit that either does nothing or hurts us there's a growing body of evidence that statins aren't the end-all be-all and in some cases are causing problems but they are among the most profitable of drugs that are floating around so when you allow that to persist then you get to the next level and the next level and the next level and then eventually you talk about bill gates and nano viruses and quantum dots and [ __ ] and who the [ __ ] knows okay it's a it's a slippery slope and you have to go to root cause and you have to be universally honest and if you're unwilling to be honest about inconvenient things those inconvenient things grow up and become monsters and they become much worse thoughts on the ethereum foundation partnering with reddit good for you how about we just build something to replace reddit will monaro type prophecy be possible with native assets we actually are building a private native asset standard we will publish that paper in a bit and that's a hundred percent correct epstein belonged to intelligence yeah he had deep ties with the central intelligence agency and likely the mossad as well just ask yourself how did a guy get so rich and so well connected and be uh basically like a high school dropout with no family connections or other things to justify that kind of bloat growth the colossal wealth and obviously not a very good investor can you ever identify the people who did business with him like if you're a hedge fund billionaire you're steve cohen you're you're you know yeah james simons i mean cohen is like on the short side for gamestop we know everything he does when he does it and we know who he's working with and his clients is and they make shows like billions okay you're pretty notable when you're at that level of wealth you have this guy who's at that level of wealth but no one has ever done business with him or knows anything about him and his training history is completely opaque yeah no intelligence agency there that's where conspiracy theories come from don't address the base facts and journalists being negligent in their job we ask why because it's beneficial in their self-interest to write stories about this because they give pulitzer prizes for exposing corrupt evil rich people or at least that's what we're told to believe charles have you ever traveled in the middle east yes i've been to jordan i've been to israel i have been to the uae i've been to saudi arabia i've been all throughout the middle east um in other countries in the middle east as well petro is my favorite old thing in the middle east rode camels there stands on colloidal silver a lot of people seem to believe it does good for him and there's this libertarian politician montana that took so much of it he actually has argeria he turned his skin uh gray which is pretty cool uh but silver actually has great anti-microbial properties and i wish there would be more science on uh scientific inquiry on these alternative treatments because some of them might actually work who knows i don't personally take it and i don't know many people who do but that's one of those categories of should be studied because there might be evidence that does something interesting for people it doesn't seem particularly harmful although your skin can turn gray if you take too much of it hmm blue light or red light blue light to adjust your melatonin cycle and then uh red light uh for regrowing your hair or something or cellular therapy is some guys trying to sell me on red light it's actually one in colorado i'm gonna try it out i always try new stuff why not hashgraph is doing 400 times more transactions than cardano okay captain patton you know who's doing more transactions than you amazon how are you any different if one person can make a unilateral decision to de-platform people deny people ah you're not you're no better than a database get out of my channel i have no time for this comedy red room oh my god hi old man you maybe discover periscope i know this person that is emanuele costa he was actually one of the very first employees of uh iohk and he came on and uh him and his wife and did some phenomenal work uh for us way back in the very early days even came out to japan and then his wife went to become a student at university of edinburgh uh but uh we got to where we're at because of his hard work and many others it's amazing when you're ceo you run company you have people that have their exits and their entrances and every now and then they uh they show back up it's good to see you i hope everything's okay in italy i'm sorry for outing you well you know i also enjoy our late night conversations and i like long walks on the beach lots of love in virginia yeah i used to live in fairfax and then i lived down in blacksburg i liked blacksburg a little bit more traffic was better it's good restaurants down there too especially in roanoke how old are you old enough to know better but not quite old enough to care bye have you ever been to austria charles yes i've been to austria it is a wonderful place many beautiful buildings and people yeah have you ever freestyled on the ocarina and the ocarina of time i am so sorry link i have not hi sir my kid 15 admires you you love animals are you vegetarian i am not although i do grow a lot of my own food and i have to admit if i had to kill my animals to to eat meat i probably wouldn't do it there are levels of hypocrisy in humanity and most of us would be unwilling to hunt at this day and age and most of us if forced would become vegetarians and to be honest i love caprese i love salads and just good steak is hard to argue with i hope that we can do this lab grown meat thing faster and then i can switch over to that and i'll never look back i'd hunt for chicken eggs i have chickens got over 10 chickens eat fresh chicken eggs every day go out there get six or seven eggs and for a long time i wasn't getting any eggs i thought i had a mouse problem it turned out i had a dog problem one of the dogs figured out how to get to the chicken coop was eating the eggs a very clever way i didn't think the dog could fit through that chicken door but the dog could damn dog yeah this is the point charles do you know that 1918 600 000 americans died of spanish flu in 2021 six hundred thousand are expected to die of covet um that 600 000 is a composite so it'll be last year plus this year vaccines are going to break it but that that constant waving that happens would have eventually gotten up to 10 million and the reason why so many died was spanish was because they didn't have the ability to treat the ards there was no ventilators and antibiotics and these things so even if cova didn't kill you or spanish flu didn't kill you these secondary infections like bacterial pneumonia would kill you and you can't quite treat that brain octane oil or mct oil i take mct oil and when i do it yeah when i eat well i actually lose a lot of weight and i get healthier but you know i just i'm definitely i've been working so goddamn long um but when i well uh for bulletproof coffee what i do is i take care kerrygold unsalted butter and i put that in with some mct a teaspoon of mct into the coffee mix it together and it's just amazing and that's breakfast then for lunch uh ben bickman he created this great supplement you mix it with coconut milk equal parts fat equal parts protein and then you drink some yogurt with it the drinkable yogurt you know ziggy's great stuff and then you have dinner eat whatever the hell you want you just do that you're kind of intermittent fasting you're staying mostly ketogenic and you're gonna be okay uh i don't do that though and i should when i do i lose like 20 pounds in two months and i start looking great and i can wear those nice fitted shirts from zegna instead i have to wear cowboy shirts cowboys get fat charles let us know when you come back to sydney i'd love to have a selfie with you yes i will do a world tour when the world reopens and i'll go all the way around every place and of course i'll stop in australia and what we usually do is we schedule meetup groups or something like that where we piggyback on some other event and it's an open event lots of people come and uh one time in japan i took 912 selfies with people they made a long line one person after another i was having my secretary kind of count them like the little clicker just out of morbid curiosity and i was there for a very very long time and i shook a lot of hands and you know the first thing i did after i was done with that i immediately went to the bathroom and washed my hands law of numbers you're 912. at least one of them doesn't wipe come to new zealand too yes the land of the cockapoo my favorite bird i'm a cs student graduating in may do you have any advice for me contribute to open source projects doesn't matter which ones just build a portfolio there uh learn two or three programming languages that are exotic and unique and solve at least one challenging problem in those languages and develop some life skills the single most valuable skill you can develop is active listening if you're a developer and if you can do those things you will find great success in life crumple or fold the wrap wrap it around your hand pull it off you have a perfect wipe uh now this is a bad rule rule number one never work for anybody else if you're unwilling to follow then why should people be willing to follow you a followership is just as important as leadership and there are plenty of people in life who i would follow even though i'm a leader and i don't have to follow anybody but i would if they asked and so you have to have heroes that's another good piece of life advice find mentors and find heroes and learn how to be humble and serve volunteer take [ __ ] jobs take care of the weak one of the most valuable things you can do in life to learn humility is to take care of those who can't take care of themselves more than once i've had to deal with people who are dying of cancer years ago when i wanted to be a doctor i took several roles where i was working with elderly people either a volunteer paid basis and that was tremendously valuable for my development as a person because when you look at these people and you develop empathy for them it makes you realize that one day you may be in that position so following following and working for others and being in a service role is so incredibly important and once you do that and you do it well then you've earned the right to be a leader and then people work for you not because you demand it because they want to overhead bin or under the seat always under the seat if i can unless they put you in the first row then you have to put in the overhead pin jesus yeah right here this pisses me off cadillac did cease producing the ct6 do you think mercedes cls is a good alternative i will never buy a mercedes or a bmw [ __ ] them never ever ever ever ever ever oh every time i go to europe and i do the uber black those are the cars that i ride in the back of them all the time they're good chauffeur cars terrible cars to own they depreciate massively and they always have problems cadillac's are great i love my ct6 phenomenal car they'll do another you know they gotta wait a little bit and if they really piss me off i'll buy an iris and i'll just drive that until cadillac comes back into the game there's some concern i write about billionaire being used to promote awareness adoption and that they're being minted could you clarify that is fake news i don't know where you're just coming up with that it's fake news it doesn't exist don't believe everything you read i'm selling toyota on lexus uh the lin the lexus rx is a phenomenal car if i had to buy alexis that's the one i'd own [Music] reading the book apollo's arrow that you recommended really good so far thank you so much it's a great great great book ah yes yoga do not underestimate the value of yoga general stanley mcchrystal is now doing yoga why because he was a paratrooper in addition to a badass military hero and at some point they're like well you're just going to be on painkillers and walk with a cane for the rest of your life and he said yeah i don't think so i said well you try yoga tried yoga in 16 months all the back problems went away all the walking problems went away i really helped them out it's hard be in the military for 40 years and carry around a rucksack and jump out of planes destroys your body the fact that yoga can cure him tells you can cure pretty much anybody it's a miracle thing it's uh undervalued and also learning how to breathe too there's another great book the oxygen advantage which is a wonderful book to read charles what's up with you and cadillac i just like flying made american cars with a century of heritage [Music] you know imagine this imagine this you have this beautiful estate and you wake up one day and you see this mysterious new plant that's just come out of nowhere and it's super invasive and it's just massively grown what's the first thing you do you say god i gotta get rid of this thing so you go and get all your minions and you dig it up you burn it out you do whatever's necessary to get rid of that weed contrast that with the slow growing vine little by little little by little and then you ten years later look at your estate walls and you realize the entire boundary of your estate is covered in that vine it looks kind of nice it's so much work to tear it out you leave it what would you rather be the up and coming invasive plant that's going to be noticed and torn away or the vine that eventually will cowl the entire estate and survive even the owner this is the difference between doge and aydah do you write a motorcycle used to have a ducati sr2 monster um a little too dangerous at the moment too many people rely on me although when i can go back and less people rely on me and things are better along i'm gonna try out one of those battery-powered motorcycles i'm looking at zero motorcycle so we'll see it's either that or i'll start paramotoring thoughts on rolls-royce super duper overpriced but if you really want to [ __ ] with your friends go buy a silver spur uh doug demero he's a famous car reviewer on youtube he did a um a youtube uh review of the rolls-royce silver spur and it was only like 35 000 dollars used to be like 300 000 and and he was going through the specs and he's horsepower adequate they don't even tell you the horsepower of it but never buy a car like that 500 dollars and you're paying like 14 grand for [ __ ] umbrella holders in the doors come on use your head you can't tell me my ct6 is somehow vastly inferior even though it's one-fifth of the cost some people they just they just throw money at things and they have no common sense do you want a lamborghini i do i have a huracan great i want to know the time of your birth november 5th 1987 11 11 am okay that's a good point the spirit of ecstasy with the theft deterrent system that's true if you grab the hood ornament of a modern rolls-royce it actually retreats into the car now i will tell you this i have a friend who has a rolls royce and that is an incredibly bug prone system and it breaks and his has broken twice already and every time he's had to have it repaired they had to replace the motors and it cost eight thousand five hundred dollars to replace the motors which is more money than it would cost to replace the hood ornament to begin with [Laughter] there you go how about that well yeah but what have i ever been right about a deadline i'm having fun i'm gonna pay for it tomorrow i gotta get up early i'm not gonna get a lot of sleep um right am i a loser for spending hours listening to you it's interactive that's something i mean how many hours have you spent watching game of thrones or some other television show it has a beginning a middle and an end and you're just a spectator at least here you can actually influence and change it say i asked that question and let's say somehow some way cardano goes to the moon i come the next steve jobs and you get to say you asked steve jobs a question right and let's say there's a huge [ __ ] scandal and i i go down in flames you can see i asked that guy who went down in flames and let's say i completely just flatline and i'm sort of kind of popular like i asked that strange weirdo a question in all three cases you get at least some social cred it's monotonically increasing social cred you get no social cred outside of awareness of a show which you could easily gain from reading a summary online yeah saves you a lot of time so no the short answer is no you are a hero sir oh guys guys steve jobs in the age of social media would have been like musk 10 times greater he probably would have done amas he probably would have done uh he probably got really into twitter and had opinions on everything because he was getting parabolic and apple was becoming a trillion dollar company and he the guy would have [ __ ] walked on water and at some point his ego was so strong that he would have had this gargantuan social media presence and just enjoy kicking the hell out of people i would every day be a fan boy with poc you know with popcorn just listening to steve jobs rant he could rant about anything he could talk about like the time he designed the toilet seat and i'd be like wow this is the most amazing story in the entire world and walt mossberg would be sitting somewhere in a corner with a box of kleenexes be like this it's like the immaculate conception it's so beautiful and guy kawasaki would be somewhere over there and he'd be like oh i gotta write another book about this i'm going ape author publisher entrepreneur actually that's not true that's not true where where where was that i'm gonna i'm gonna highlight that because this is a common misconception jobs didn't even write code jobs not only could write code he actually knew how the circuitry worked on the board just because he didn't commonly do it didn't mean that he didn't know how to do it and i'd argue that he knew more than most modern programmers know when they leave a bachelor's degree cs because he was closer to the foundations of computer science i read about lovelace share why you chose these historical figures i wanted a strong woman and a strong man for example with keo adidas when we reshoot it we're probably going to name uh the currency no ether uh i mean i mean nother was a famous mathematician and it would be really cool to uh to say no ether because that's actually phonetically how you spell it uh as the currency and of course hilbert will be the top co i always try to do a masculine protocol name and a feminine currency name and then you can get into a debate which one gets more notoriety it's the one with the best logo this is another thing that people do so your ego is a bit high if you already compare yourself to steve jobs nowhere in that rant did i in fact i don't even like the guy that much read isaacson's book the guy was an [ __ ] my whole point was that it is life is what you make it and you put yourself in scenarios and opportunities i recently listened to the joe rogan podcast and they had the undertaker on a very famous wrestler who was a big guy in wrestling lore from the 90s on kind of came after hogan and he had to wait eight months in the same place every day putting himself in the right place so that the right moment would arrive so he could meet the right person so that he could have a career as a wrestler eight months kidding no no no no no no no no no so let's say there are 45 people in the cryptocurrency space who are doing amas and only one of them is going to be successful and your goal is interact with them or get to know them or something like that if you follow all 45 just by putting yourself in that position you'll achieve that goal just like the undertaker he had spent eight months waiting to have the opportunity to get his shot to be a wrestler and go and live the life he wanted to live so that's the point so i wasn't comparing is you're not hearing properly it's more about saying life is what you make it you create opportunities and if you really want something you'll achieve it you'll get there or you'll learn enough to know that you really didn't want it charles any chance we'll talk about crypto no because it's all boring right now it's the same things again d5 d5 d5 d5 unit swap sushi swap this swap anonymous developer not anonymous developer dogecoin pumping dogecoin collapsing eos this eos that this guy doing this part coinbase ipo what will the securities exchange commission do what about the xrp case it's boring yeah i live it every day i have eight to 12 hours of meetings every day crypto crypto crypto crypto you want numbers or 3700 daps that are deployed on ethereum here's another number for you 2020 uh 31 of all new dapps were deployed on ethereum the other 69 were not not a good statistic to live with all saying the same thing we didn't play on ethereum because it was simply too expensive and we felt the platform's long horizon would be less competitive than existing despite the fact they do have a network effect 81 percent of all gaps in circulation are still on ethereum there we're talking crypto how about that those are numbers there's thousands more here's the really interesting one how many off chain infrastructure providers are there and of the 3 000 plus dapps deployed on ethereum of the total 3 700 apps that are in circulation most of which are no longer used how many of those apps have off-chain capabilities uh deployments and and is it's a case that only two or three are controlling all of that interesting number go to the state of depth see if you can figure it out then of the three thousand daps that are deployed in cryptocurrency space on ethereum how many of them are uh how how distributed is the transaction volume and the value that's being transacted turns out there's a massive pareto principle thing going on there the top 100 consume more than 90 of all transactions and economic value in the system and the other ones are long tails the market's mostly consolidated to a set that are mostly ephemeral within 12 24 months the set rotates out okay we're talking about crypto yeah we talk about this every day and we think about it we ask why why why why why we have a whole group of people why why why because we want to understand where is the hockey puck going not today but in two years and we need to make sure we're there because ethereum's not going to be because they're obsessed with today and they're managing today and it slows them down so being first mover means you're also the first to get the heavy backpack i don't have that heavy backpack and my shot at beating them is to make sure i know where the puck is going to be so yeah we think about crypto and when i come here it's people ask me whatever they want if they ask me real crypto questions i'll answer real crypto questions uh but if they ask me lifestyle questions lifestyle questions it's your ama it's not mine oh this is another great one to say consider about the anyone can succeed you're significantly smarter than the average person says you i feel pretty dumb at times there if you read into the ether or you read the infinity machine i didn't come off as a super smart person i came off as a raging narcissistic [ __ ] who manipulates reality and hurts people so you know perception is reality sometimes and sometimes not so maybe i'm smart maybe i'm not depends on who you ask there's a very low opinion of me in certain ecosystems but let's keep reading there is no way you know not to do there's no way you do not know this some people do not have the capacity intellectually or the social ability but what is success annabelle what is success let's really ask is it to be smart there's plenty of brilliant people who are incredibly unhappy and have lived failed lives were even if they got a do-over they'd take it look at alexander grothen deak one of the smartest mathematicians most profound mathematicians of the 20th century and he made a decision in his mid-40s to exile himself from humanity and liver hermit miserable and alone because he disagreed with certain things and he just got exiled the same thing happened to gregory perlman and now they're just out there so was that a happy life they're a lot smarter than me i assure you uh much by orders of magnitude they're gods among men in terms of their ability to understand the things that i struggled to understand so they didn't be successful you could be a dollar and be super happy let's say you're a groundskeeper you know there's the simple groundskeeper if the fact that every single day you get to experience beauty and be out in the sun and see the rabbits running around and people mostly leave you to your own devices and no one really bothers you too much and you don't have worries you have massive tax bills to pay is that a life that's not successful well because you weren't able to manipulate the environment around you to be able to leave a legacy and achieve some notion of immortality success is what you make it and the greatest wisdom of life is understanding the meaning of your life this is what victor frankl was talking about man search for meaning the whole field of logotherapy find purpose find meaning and whatever your situation is whatever disability you have or ability you have wherever your intelligence sits on the spectrum wherever your wealth happens to be i was friends with matthew mellon he was actually in the cryptocurrency space for a while his ex-wife started jimmy choo the guy had 16 trusts eight from the drexel family eight from the melon family he was a billionaire at birth a miserable guy died of a cocaine overdose we all liked him he was all cool guy but you'd always get that feeling like he had an inferiority complex because he stood the shadow of two legendary families casting down on him and he could never get to the next level so he started it's like a game of monopoly where you start the game with two thousand dollars extra plus you own boardwalk and park place with hotels on it and he still lost the game i started from nothing i lived on a thousand dollars a month i now have more money than he ever did okay does that make me win no because that's not the goal the goal is to live well and be happy and actually in many respects i was happier before i entered the cryptocurrency space than after why because i didn't have the burdens of an entire ecosystem on my back i have to wake up every day and make deeply uncomfortable decisions hard decisions that impact the lives of many people there are now seven people that i know of just from pitchers who have gotten the tattoo of a product i've created on their body i can't let those people down i have to fight hard every day and in many cases i have to sacrifice things i have had since i started this space three grandparents die i've missed all of their funerals since i started i've lost a lot of friendships my reputation in certain respects has been permanently damaged and marred and i've gone into the realm of a public figure which means there are people for the rest of their lives who label me a sociopath and think i'm a horrible human being and there's nothing that can be said to convince them otherwise the more successful i've become and the further the distance becomes between me and normal means that people will start believing i'm part of the lizard people i'm part of the new world order and i'm against the human race and all these accomplishments are just vanities to justify the fact that i'm actually killing people in africa or something look what they did to bill gates so that's in many ways not success because it's distanced me from people that otherwise perhaps i could find common ground with and live well with that's just the truth of the matter and most people don't vocalize it they don't talk about it but it's well it is what it is and there's a reason elon musk behaves the way he behaves he was a quite normal person not too long ago i mean he was begging people to give him money to start a company to take newspapers and put them online and when he was driving to those investment meetings he was driving a bmw that was 10 years too old the wheel kept falling off okay and now he's this super human godly man who has a giant twitter account and when he speaks millions of people listen uh and that's because of the journey that he's been on and i guarantee you there are moments he wakes up and he at times misses the luxuries of the innocent young days that he had and you can't go back you actually give something up for that so careful what you wish for careful what you mean by success and careful about the illusions you have about power and wealth and the privileges of society they're as much prisons as they are freeing factors and sometimes it's nice just to be yes you got it rosebud this incredible life and at the end of it all that really mattered was the sleigh and there we go this is the counter yo did you know the struggles and burdens of poverty and hunger and keeping your children fit yes and even in all those things somehow people who are even far worse than anything you can imagine are happy this is why victor frankl won the game because he was at the bottom of that barrel he got out of a concentration camp there is nothing human races ever invented that's worse than that every part of his character his his persona his existence as a human being was systematically stripped from him his family was systematically killed his career was permanently destroyed all of his medical research was ended his wealth was taken away from him his land was taken away from him his health was taken away from him as he entered a fat guy exited a walking skeleton near death and he had to do things to survive in that camp that for the rest of his existence would stain his soul and psyche and despite all those things he went on to thrive and die happy what you got that's not your children yeah but to this point at least you have children to feed his or dead again what you got it's possible it's possible the human spirit is indomitable human beings are incapable are capable of anything you just have to want it you just have to desire and the very fact that you struggle to feed this builds something and it imprints upon the children a work ethic that they wouldn't have otherwise and society is built in a way that if people are willing to sacrifice in the short term or even the ma in the the longer term eventually they break through the problem is we get convinced that it's impossible and we start believing it and then we succumb to the grind but anyone anytime regardless of the country they come from can find a way to survive and thrive it might be ten times harder and you have to manage your expectations and no the vast majority of us won't get to be bill gates but then the question is should we even aspire to be bill gates if we aspire to live a life of meaning and find a way to survive and thrive we have the capacity to do that somehow some way does it mean universal comfort no imagine getting it all and then waking up being diagnosed with cancer i guarantee you that person would trade it all to be the person struggling to survive in feeding their kids because at least that person gets to live an extra 30 years or 40 years and they'd be willing to roll the dice they can find a way to make it a little bit better expand your mind a little bit think beyond it get the programming out get the victim culture out we're all capable of rising um hey charles why did you leave eath i was fired they didn't like me maybe i had too strong of an opinion about things just depends on who you ask are you a freemason no i'm philosophically opposed to the organization you know jordan peterson i know of jordan peterson haven't met him yet i hope he's doing well he had some hard times thoughts on conor mcgregor's ko laws it's all part of a broad scheme for him to make a grand comeback dana white's in on it that's a conspiracy theory for you charles are you a furry i do have a furry story if you ever get me drunk i'll tell it oh you don't get fired from being co-founder i'm still technically co-founder of ethereum i'm far from ceo role but it was a ceo name only i didn't actually have any power we were all very young and there were too many founders and one of these days it'll be all things d 2007 and robo walt mossberg and vitalik and i will be in a joint interview together and we'll try to pretend to like each other he doesn't think very highly of me he thinks i'm a horrible guy and that's just sad have you read seneca's letters from a stoic yeah him and marcus aurelius they're the two ways to do things right yes i know a bit of stoic philosophy and it's making a comeback especially in the valley go figure would you ever work with david schwartz i like david he's a good guy i have no problem with him sounds like the f team was lord of the flies it's been described by that by more than one person and again it just depends on who you ask we all have our opinions in the matter and people write books and they create fake characters in their books and people believe those characters are real and you just don't care just do your own thing do you think that bitcoins in a bubble i think fiat's in a bubble when africa special well that's up to africa we're ready to go how long till kamala harris takes over the presidency because of joe's dementia the question is will she take over officially or will she just pull a woodrow wilson and be basically a proxy president just like his wife was after he had a stroke towards the end of his term it's an interesting one isn't it key the toto music did they fire gavin too it yep like hunger games biggest guilty pleasure chocolate massages please tell us about the art on your wall okay uh that that's a painting that's a painting um that over there is painting they take colors on board get a brush they kind of dab it they drag it on a canvas and then eventually it forms some notion of a picture and if they're pretty people buy them so that that's pretty and that's pretty and that's pretty people people like that stuff i like it i thought it was cool put in the office can you help me find your baseball i'm sorry your dad's never coming back from the cigarettes you're just gonna have to move on charles stop ignoring please listen to us we need better marketing nah what you're really saying is i want the token price to go up so i can sell and buy myself a lamborghini huh why are we not doge we're the vines the vines do not need to market they just need to grow and they need to have a strategy of how they're going to grow they just grow everybody just lets them grow we've slowly but surely walked our way up and every time we grow we give no ground we keep getting stronger we're an army we have marketing we have all these people running around the world that love ada they're not going anywhere they're going to be here 10 years from now they're going to be here 20 years from now their kids are going to be here think about it marketing is in its own way of course infographics are coming in short tick tock videos are coming and social media campaigns are coming i [ __ ] finally hired a cmo for god's sakes and yeah we're dialing up the product marketing and there's a lot to say but the real marketing is you that's what made apple apple never forget that um [Laughter] foreign the eye at the ends die can we die we don't do that you see e can we stay i i i uh what do you say is i'll speak italian i promise i promise you gotta have fun with it or else you go [ __ ] crazy hi from greece yes what's with your color photo a cover photo on twitter yeah i've told this story before look it up it's in the charles archives it's a bunch of kings they went to a funeral of a dead english king why didn't you and gavin team up the sex wasn't any good [Music] ah coyotes can you speak chinese nihao no vitalik speaks chinese i don't i was born in hawaii yeah they'd kick my ass if i if i was going to learn language from asia it has to be japanese i'm sorry i'd never be able to go back to the old hood again to be like what are you doing namaste ah tell us more about chocolate massages the best or in latvia enrique your thoughts on tim berners-lee rebuilding the internet every time i've reached out to tim berners-lee and said tim let's hang out let's talk he never gets back to me ever and before you say oh well you know who the [ __ ] are you to ask him i asked vince cerf to come who literally created the entire internet long before tim created world wide web and uh he was willing to come out and talk to me you know i was willing to come out come to my conference and so forth and so i'd like to do something with tim i'd very least like him to hang out chad he's like a really cool guy but i guess he's too big for me so maybe one day i can grow to a point where we can get the attention of the great lee let's do one more no actually that's not black massages i'm not using a euphemism or something when i say chocolate massages i'm literally talking about actual chocolate with a massage it's a thing look it up no it's not asian it's actually done by europeans it's a big thing and they do it really well in latvia they actually take molten chocolate and pour it all over you it's a thing no one believes me i have a story about scotland where you know i was like can i get a chocolate and they just hang up on me like sir that's disgusting like no it's not what you think it's real chocolate yeah well that doesn't count because thailand is like the massage capital so they do everything but no i'm actually not talking about a happy ending god guys there's gonna be a hundred questions about this it's a real thing it's done by a professional massage therapist there is dignity involved it just involves chocolate and yes it's actual medical grade chocolate they apparently have a different line of chocolate that's even better best math puns being tangent to your curves yes the dog is barking i gotta take the dog out there's coyotes out there so i need to make sure the dog didn't get eaten so i will cut it here in just a moment ah okay this is where we're going to end it thank you all so much this was a lot of fun i enjoyed the ama one o'clock in the morning i am not going to get any good sleep what the hell have i done but it was worth it whenever i spend time with my community it's always worth it let's see if there's any good questions to close out tonight uh come on you make me sad come on guys nope all right well [ __ ] it goodnight everyone thank you so much i hope this was as useful to you as it was fun for me cheers