hi this is Charles hoskinson broadcasting live from warm sunny Colorado always warm Always Sunny sometimes Colorado today is a good day it's August 13th 2021 if you guys watch me on rand's show rand's an old friend of mine uh or watched our announcement we made it through the ihk systems uh we are Marching towards the Hartford combinator event to bring the Alonso era here thus completing the initial scope of work for Gogan metadata native assets and then finally smart contract functionality and that is going to occur September 12th hard Fork event for the test net for the mainnet candidate will be September 1st over 140 exchanges to upgrade and that candidates going to be cut August 16th that's a Monday now many of you are recognizing that the hfc event is occurring on a Sunday so we have to trigger the event a few days beforehand so it's going to be triggered at the end of the week and then it'll uh occur on the 12th which is a Sunday I'm gonna have watching party I shall be there and we will kill all those spooky ghosts in this so-called ghost chain about that it's been a long road to get here years and years and years of effort and I've really enjoyed it you know it's been hard a lot in the last 90 days in particular have been some of the busiest of my life I and uh we got through it because of you the community you know each and every one of you fought hard for us with us every day you showed up you believed in us and you said a lot of kind words when there were many who were not saying kind things I think we've been called Everything Under the Sun a weird cult by a famous investor uh ghost chain scam coin [ __ ] coin never deliver academic project just a wallet you know what here today we showed the entire industry don't phases at all the dogs bark but the Caravan shall forever move on in One Direction that North Star is getting billions of people who don't have economic identity their economic identity I've always believed that if you want to change the world you have to play a different game than the game the world is playing yeah so to win the game you have to change it and that's what we did VCS don't take us seriously so we created our own and that's bigger and better than most of them and it's run by you not them uh governments didn't take us seriously so we went to the ones that did and now they do and we're making amazing progress on digital transformation everybody said why Haskell such a language you'll never find developers over 3 000 of you in the community showed up and you decided to join the plutus Pioneers program this is just the beginning thousands will turn to tens of thousands turn to hundreds of thousands and we'll just keep building every step of the way there were challenges that had to be overcome there's many more to come because it's a new ecosystem but we never gave up and we never lost momentum when someone comes into the Cardinal family they're here for life they don't leave and that's where our source of strength is from just look at the growth of catalyst just look at the growth of all of our social channels just look at how many of you have been here for years and those years will turn to decades it's a movement and why is it a movement it's not a movement based upon an individual or a company or some collection of loose ideals it's a movement that's much more fundamental and human it's about Liberty and Freedom At Its core you see the things that we build return power to the edges they put you in charge of your own money they put you in charge of your own identity they make sure that you always have a say and how you economically participate with people and as these systems start rolling into nation states they'll inevitably be used for voting they'll inevitably be used for national settlement and clearing cbdc's of the future at least one of them will be issued on cardano at some point and what does that effectively mean it means that even the nation-states are constrained by the same rules and principles as we are constrained by we were born into a world of double standards we were born into a world where certain people play a different game than us and get certain privileges we don't have now in the olden days this was very explicit you'd have Noble titles King and Baron and Duke Emperor Lord and the rest of us are serfs most of us today we just hide it you know we say we have democracies but in many cases we don't especially when the bureaucracies make decisions for the democracies we say that everybody's equal but we all kind of understand there are certain people that seem to be more equal than others and outcomes they always seem to win no matter what happens don't believe me if a billionaire gets arrested for something that somebody in poor area of Chicago gets arrested for do you honestly think they're going to have the same experience with the criminal justice system if we had a completely Fair transparent egalitarian system they actually would but we all know we don't and because we don't there is an endless quest for mankind to make it better and we work together on that the researchers invent new systems the engineers build new systems we implement we deploy them unfortunately this has been very asymmetrical while it's been easy and straightforward for us to make great progress in the technology domain every year we seem to get a new iPhone we get a new iPad we get our new Samsung Galaxy we get our new version of Windows from time to time and we see tremendous progress there the social Innovation the social infrastructure the governance Innovation the governance infrastructure the monetary Innovation the monetary infrastructure these things seem stuck in a molasses that takes decades to centuries and utterly uncaring to the mistakes they make in the people they hurt this point of cryptocurrencies in broader blockchain technology is about remediating that great sin that great indifference in blind spot to the suffering governance causes and putting it on the same evolutionary path that the iPhone has that technology has and cardano in my view is the most evolved of these projects because we explicitly confronted some of the hardest things to confront from how do you have stable fees and Native assets to how do you vote to how do you have sustainability with your consensus algorithm how do you do programmability right all of these things were first principles questions that do not require the answers of the past rather they require models in science and careful thought and careful iteration and a tireless group of people who wake up every day saying we can do better today and we can do better tomorrow that principle of kodawari and ikigai the Relentless pursuit of perfection and a way of life pursuing that perspection perfection and this is a moment for us September 12th is just a day but for you it's going to be also an opportunity and a moment to build things to deploy things in the beginning it'll be a little tough because it always is there's going to be some software that doesn't work because it always does there's going to be a Dap that fails from time to time and a lot of learning and lessons and optimizations and improvements and extensions and refinements that have to be made made after all nothing is perfect but things change quickly don't believe me look at the time period between when the Wright brothers first took to the sky in Carolina to the moon landing these two events seem so far apart black and white pictures of a crudely constructed Flying Machine by a few hobbyists to a nation-state having mankind stand in a life support suit on a different planetoid a moon amazing accomplishment only 66 years 66 years for most of human history seldom would things change in a century things would maintain relatively the same lifestyle if you were born in 700 BC and someone was born in 600 BC there'd be comparability there you'd have relatively the same lifestyle relatively the same expectations every now and then there's exceptions but here 66 years from a crude flying machine to standing on the surface of the Moon is an amazing thing and it's speeding up that means when we launch this just like all the other great launches that are coming in our space we're all evolving the social fabric the choice Theory we're all looking at the future and saying we can do better and you're all part of that it's a movement millions of people hear billions of people worldwide who need it we're all one in that respect so it was a really really good day and I enjoyed making the announcement it's going to be a lot of fun and the conference is coming September 25th 26th it's going to be in seven locations the flagship will be in Wyoming that's where I'll be at but people will be all over the world from Cape Town to Tokyo it's gonna be a lot of fun okay wanted to do an AMA just for you guys and uh now I get to your questions sure foreign have a cold beer tonight Charles I think I'm gonna be drinking something stronger than a cold beer hey Charles how's life don't forget to take a break from time to time how's it feel to be able to see the future the easiest way of seeing the future is to create it that's what we're doing together as for taking a break I will take a two-week vacation after the conference because I'm done been working pretty hard and I'm taking a break in a long time hey Charles I'd like to ask about the issue of concurrency I saw Lars mentioning it but it was never got to anything official with it you could achieve concurrency this is like some weird thing that's flowing around that apparently can only do one thing with a smart contract you can change Smarter on contracts together guys multiple inputs multiple smart contracts think about utxo but take the plutus Pioneers program it'll show you how to build things python on cardano when when someone builds a compiler for that what's up with the lobster well one of these days you guys are going to name this Lobster I'm gonna like the name so much I'm just going to start calling them that and he'll end up as an nft let's see how long that takes will the military ever be on blockchain already is foreign this is just something fraudsters are now saying the date of September 12th is wrong because it doesn't land on a Monday you don't need to do an HSC on a Monday that's when the Epic turnover occurs so that's when the hfc occurs you trigger it before the weekend guys this is the thing people don't even understand how our technology works but then prognosticate about it and claim that things are impossible uh there's just everybody's an expert especially the people who haven't read and done anything hey Charles how is the situation with Singularity net they're a strong partner we work with them and they're building we're building and I can't wait to see what they uh they release on cardano what fish do you prefer to eat love trout love halibut can smart contracts be hacked yes anything that is written and built can be broken anything that's written and built can be hacked so then the question is uh what prevents that from occurring or at least reduces the chance of it foreign that's really the concept of certified software so basically the idea is that if you have a specification and a certain development methodology and tooling what you can do or an outside auditor can do is prove the implementation follows that specification and that specification can be well tested and well understood okay and if you do that your chance of a hack goes down exponentially still exists still is possible but there's a question if the platform work against you towards achieving that or does it work with you towards achieving that and the way we design plutus and cardano we want the platform to work with you and your goal of achieving High Assurance I and we'll discuss that a lot in the utility track of the Cardinal Summit show some of our partners off we've been doing some really amazing work to help you as a developer get certified software then there's a community responsibility here and some of this can be done by us the infrastructure providers and visualization where we can show you what's secure we can show you what's been certified through colors and locks and visual artifacts but you the user ultimately have to make the decision of do you use a certain piece of software or not we see this a lot with giveaway scams we see this a lot with impersonation websites for Daedalus and so forth if you download the wrong software if you fall for a giveaway scam cardano can be perfectly secure but you're not utilizing that security because you're voluntarily harming yourself so the single best thing you can do to prevent a hack is upgrade this you have to be a smart user and we'll try as hard as we can with educational materials and marketing every day I say we never will give away Ada yet every day I get emails from people saying I sent you eight I didn't get any back why and then I always reply the same way I send them a copy of my video where I'm screaming at the top of my lungs again and again and again we're not giving away Ada we're not giving away Ada this video because YouTube is negligent is going to be recut and there's going to be a giveaway Chiron on it even though I'm saying we don't give away Ada it's going to be re-cut and there's going to be a giveaway scam and at least one person will fall for YouTube is responsible for that they know it's happening they permit it to happen they have the algorithms to stop it they just don't care and it's quite sad but you know it is what it is how to someone with a business degree get into crypto uh don Tapscott has some great courses on Coursera he's got a whole program oriented towards people with business degrees and mbas I'd recommend taking those and then you can talk about digital transformation blockchain transformation within your organization after you take those you'll have a good time uh time pitching it foreign Charles what's the biggest misconception about billionaires uh I think the biggest misconception is that you gain Clarity of purpose and sight as a billionaire you know I've taken this flow research Collective course and one of the lectures is about finding your strengths and uh the third exercise they give you to find your strengths outside of the Buckingham test and the Lindley test is this idea of the millionaire test and they say if you have unlimited money what would you do and it's supposed to be something to find your passions and your strengths the things you're good at and kind of in that situation if you think about it and yet I still do the same things I did when I wasn't so I guess maybe I am living my life of passions or maybe there's more to the story there um you don't get magically healthy or wise or capable when you cross an arbitrary threshold of something you possess I think the other misconception is that billionaires are intrinsically greedy and feel no social responsibility it's certainly true there exists some that are but the vast majority of people that have a lot recognize that those who are given a lot much is expected of and this is why they start a lot of companies and Charities and donate money and do a lot of things there's a group of people that feel that no one should be a billionaire and they should be robbed of all of their wealth so that the government can decide what to do with it and where to allocate it I'll give it to the war machine if you do that so maybe that's a good idea if you live in a bizarre reality but you know we have responsibilities for example I'm setting up a biotechnology company with my dad and brother recently got Incorporated and next year we're going to make a lot of progress on it it'll be probably silent mode for two or three years but one of the things the company is really focused on is anti-aging and regenerative medicine why because for 70 years my family has been involved in medicine my grandfather was a doctor my dad was a doctor who still is get a little old but he's still a doctor he's an internist up in Wyoming and my brother's a doctor and throughout all their careers they always run into the same problem again and again and again you treat things you don't cure things got diabetes got heart disease he's got hypertension got all these things take this pill and it'll slow down the decay slow down the spread but then cure it doesn't say hey do X and in two weeks you get better like like a broken bone being meant or something like that and there's too much of that in medicine and nobody signs up to be a doctor to be the maintainer in Chief no one signs up to say well I can't save you so what I'm going to do is instead of having you die at 60 miles an hour I'll have you die at 30. no one wants that they sign up to cure things they sign up to fix things they sign up to make you better feel healthier and live a great life throughout your entire life well the magic of regenerative medicine and anti-aging is many of the things in that field are precisely along those lines of can we cure it or at least promote Wellness so that these types of degenerative conditions don't occur so it's a big passion of mine there is nothing the US government is going to do to coordinate product lines that end up being injected to your body they sure through Barda and all these other organizations dump lots of money into them but they don't actually think a lot about what does it take to build a product reliable product iterative product that's what capitalism is for that is our system of governance and if you have the right incentives and the right mindset in the right Community you can collectively get thousands tens of thousands millions of people to work on something directly and indirectly uh and then over time you can build product lines that actually accomplish great things so it's my belief that in the coming decades that's going to be one of the biggest areas of growth the most transformative Industries and it's going to result in people who have terrible conditions actually getting a lot better in many cases no longer having those terrible conditions now there's always a lot of skepticism in these things but being a billionaire means that I can risk my own money and get it to a point where we feel comfortable and we don't have to make Grand claims like theranos or these other people and prognostications rather we we can just go in deep research for years if necessary decades if necessary and follow a crazy idea to see how far we can take it as we've seen with SpaceX and blue origin and these other Ventures which are really transforming the way that humans get into the space industry much more so than NASA would be than I argue so I think there's an enormous value to society having people who have passions met with the resources to pursue those Passions for example a big fan of alternative energy I have solar on my farm and I said boy it'd be just amazing to have geothermal on my Ranch the problem is I have no natural geothermal resources on the ranch we did a big geologic survey there found some rubies but not uh not anything like that so there's a company called ever e-a-v-o-r and I'm not sure how they're exactly pronounced ever but they're based in Canada and they actually figured out how to get geothermal to work everywhere so we reached out to them this Monday upcoming Monday but I have a call with them and we'll talk about building a 3.5 megawatt plant and see what we can do that'd be a lot of fun and what's so cool about it is that they're a startup uh and if we're successful here then it's going to become permanently part of some of my plans I have with aquaponics many you know I love Hydroponics and aquaponics I'm a big fan of growing mushrooms and herbs and all kinds of food food resiliency is a super important thing to me and so I'd like in every small town mid-sized town in America you have big aquaponics facility first each and every one of them will create 20 to 40 jobs uh and also it means that we're having local food production so if another covet hits we won't have Barren shelves again or if a big war breaks out we won't have that okay well wouldn't it be so cool to pair Hydroponics technology with geothermal Tech technology we can put geothermal anywhere in the world that means next to every aquaponics facility I can do a geothermal closed loop facility carbon neutral unlimited energy runs forever the Earth is uh the Earth is an amazing battery and if that works it's just Cost of doing business it's part of the solution being a billionaire means I can try that out I can go do that I can think about that I have the resources to pursue it and bring a coalition of people around it and having capitalism means if I can find a way to make it economically sustainable in many aquaponics facilities are 28 percent ROI at scale that'll fall a bit but it still will probably be above 10 percent how many Investments you got right now in bonds and stock markets at a place that get 10 not many so it's an exotic asset it's an exotic investment and so having those connections and those networks and being able to utilize the capitalist system means I can find a sustainable model to build these types of things and in 20 30 40 50 years me plus competition could achieve food resiliency and we could do that in a completely carbon neutral way these are just examples of things you can do when you have these types of resources the philosophy of saying that no human should and only the government should is just bizarre and every single time in human history where that's happened you end up getting dictators and totalitarianism and kings and basically they just Rob from society and it becomes a game of status quo preservation and innovation we got a lot of problems we're gonna have to solve in the 21st century if we wish to be a sustainable species some of these problems are problems of resources some of these problems are problems of unsustainable Industries some of these problems are problems of a lack of wisdom and the growing wisdom gap of technology and existential problems and each and every one of us has a personal responsibility to be part of those Solutions the point of blockchain is our industry democratizes those Solutions it brings down the barrier to entry to a point that the poorest people in the world can still be part of the solution not charity and the point of the other side is that now that we have these tools the billionaire class of America and the world has a moral obligation to utilize these tools for the greater good of humanity as a whole much has been given to us and thus much should be demanded of us to carry in these things through and I hope that the majority of those who live in the class feel that way thoughts on the turmoil in Africa there's turmoil everywhere we had an Insurrection earlier this year in America guys uh every country you look at there's some group of people that aren't happy and people die every day uh go to Chicago look how many people get murdered every day that's turmoil if you ask me look at our border in the United States that's turmoil if you ask me why is Africa being singled out there was a coup in Cambodia you know as these things happen uh you know you have to when you take a step back I say that this is less about a particular region having an issue and it's more about a question of what systems does the world need in the 21st century we need to exit the 21st century with no presidents no CEOs no Kings no one at the top and we need to exit uh with much better decision-making tools and a full recognition of human fallacies cognitive biases and the ability to actually understand truth in an absolute sense as a synthesis of many many different inputs and observations if we don't have that ability the human race is done we're going extinct because the reality is that one bad actor with these asymmetrical technologies that are existential can use them to end the human race and we've seen that there are certain Bad actors out there that feel entirely comfortable with an Extinction event so it's less about turmoil it's more about systems and it's more about asking what should the right systems be humans are going to be living a lot longer and because cognition memory information can now be outsourced it can now be put into the commons the ideas of the past are eternal you know if you were born in the 7th Century BC and the people in the 6th Century would never know anything about you other than what stories left behind and occasionally a little bit of writing that was just the truth for most of humanity for a long long time now we live in a situation where everything's recorded everything's documented everything's analyzed and that thought that cognition that will is extended long after we die look at foundations representing family interests so given that that's the case the human race needs different social systems and structures to be able to handle that and a lot of the turmoil in Africa in particular has to do directly with old systems causing so much pain corruption and harm that the the young who now see that the world can be better are demanding equality demanding change and it's creating a lot of strife and that means a lot of those governments are going to radically change the next 20 or 30 years and the new leaders that come in those in their 30s and 40s and 50s with new systems and new technology are going to radically change the entire face of Africa and in my view make it one of the wealthiest continents in the world foreign question hot chocolate or coffee well you can put them both together that's called a Florentine uh but uh coffee I drink every day Hot Chocolate from time to time thank you what are the qualities in a person that encourage you to work with them I look for people first who have the capacity to listen and entertain ideas that they didn't come up with uh in some cases strongly disagree with you can't really have an effective collaboration or relationship if people are talking past each other or if people are unwilling to admit that the world is not completely contained within their own skull that there's a world outside of them and they can be wrong that's the basis for all learning and that's the basis for all construction then you look at temperament and so people have to be emotionally stable you know they have to be cool and collected when stress gets dialed up everyone has their breaking points but the ability to be emotionally stable and the ability to handle enormous amounts of stress means that they can survive the rigors of a startup they can survive a lot of difficult situations then we look for leadership skills and so can you communicate well can you inspire people can you build trust with people you know leadership is a lot about asking people to do things at times that are difficult for them a little bit outside of their comfort zone or in some cases make sacrifices for a greater good so you can't motivate people with pain and money these are short-term things and they always Brew hate and resentment and you can't lie to people you always have to tell them the truth so if you have to tell people difficult truths but still ask them to make sacrifices and push forward that's a leadership skill and there are many techniques and tools to do that but really it comes down to relationships and Trust if you know your boss is always listening if you know your boss boss has empathy uh you know your boss has the capacity to entertain that he or she could be wrong and they can build those relationships then it's much easier for people to lead and much easier for people to feel comfortable bringing information to someone that may be uncomfortable or difficult I wasn't too long ago in the age of kings that the only person who could tell off the king and also tell the king bad news was the jester and it was a common practice in the courts that the jester was the one who broke the bad news your majesty I regret to inform you that our Fleet sunk you know bad stuff like that we lost the battle uh so you need to have that Rapport you need to have the ability to communicate effectively in that that relationship up above and beyond that we look for passion you know we look for people who have a tremendous desire to Excel and patience uh so passion and Patience are are just beautiful things together passion gives you the ability to show up every single day I and make it a little bit better than it was the day before and patience gives you the ability to do that over a long period of time many skills many Endeavors are exponential there's an old saying that people overestimate what they can accomplish in a year and vastly underestimate what they can accomplish in a decade and it's absolutely true uh you know it's so patience and passion together are big things for success and work and then the other feature is creativity and creativity is this ability to not get stuck in Orthodoxy so the world Works a certain way products work a certain way and you have to get comfortable with the ability to say what if and just play around with things and not feel embarrassed for rocking the boat and go and do crazy stuff if you pair creativity with patients and passion you will almost always get amazing products the long term because even if you're wrong in the first few iterations eventually you get it right and then you can show people something very beautiful the academic process at times punishes this and at times rewards this it just depends on the field the incentives and the particulars of the person but where they get things right is when they encourage creativity and so these are some of the things that we definitely look for when someone works with us or for us or we look for in a partnership and uh ultimately it's all wrapped around with integrity and values you have to have integrity values and principles that are discernible you have to know that the people in the room really do value something and and they are actually going to fight for those things we are a values based mission-oriented organization and Protocols are ultimately values and Mission oriented and the immutability of such things is what gives our industry its value and why people join it and believe in it all the other institutions we have are bankrupt you look at the CDC or the Federal Reserve or the senate or the Congress or the U.S military all these things there's a lot of people who feel that these institutions have let us down and they're no longer fundamentally honest there's some place somewhere where someone's lying about something or they just don't care that the institution isn't doing its job for example the Veterans Administration for a very long time there seemed to be a great apathy to the suffering of our veterans people get traumatic brain injuries and they come back to America and have an extraordinarily High suicide rate PTSD rate a disability rate and they'd say hey it's just headaches or hey it's not real or uh well maybe we'll treat it but not really uh and they ask these people to make these sacrifices for the nation we owe that to them so when you do this to those people people start losing respect for the legitimacy of the institution and so they want to replace the institutions with ones they do respect we're starting to realize that the virtue of the individual is not a sustainable form of governance so instead we rely upon the virtue of the protocol the cold steer dispassionate objective protocol where it doesn't care if it's good or bad it will just continue chirping away and doing the things that it was programmed to do just like the laws of physics gravity applies to us all whether it is convenient or not all right what attributes will the fourth generation of cryptocurrencies have I think the fourth generation cryptocurrencies have to enable a different form of computation than the computation we can do and I think that the fourth generation also has to be a multi-resource model for consensus uh so the way the network works instead of being proof of stake or proof of work or proof of X that's the collection of proofs that are distinctly different they use different resources some maybe Mining and some maybe tokens and some maybe Merit and being able to combine those together in one sustainable systems means that you have a much more resilient system and different modes of computing means that you can now bring on new applications that we didn't have before and the fourth generation has to have all the other properties it has to have scalability interoperability and sustainability in addition to Smart contracts in addition to decentralization it's like Russian nesting dolls mm-hmm Charles has there been any progress with U.S corporations or governments adopting cardano well I guess you guys are just going to have to come to the cardano summit September 25th 26th digitally or physically and find out who's your favorite uh comedian well living is Dave Chappelle that is George Carlin [Music] which lean versus ACTA they do very different things for mathematics lean and the hoskinson center for formal mathematics it's going to be using that it's going to be a very fun announcement very fun speech to make it's been a dream of mine for over 10 years and I'm very excited to see Jeremy avogad and others at CMU do that and uh agda I think is great for computer science stuff from program verification of these things and it could be a great spec language for plutus if you can recommend only one of IO Global's white papers to read which would it be I would recommend the gkl 15 paper because that really epitomizes how the scientists at this organization think uh and how we build things in layers that's the foundation upon which a lot of the consensus research that the organization's done over the last six years has been done and it provides some foundational definitions so if you can read that paper you're comfortable with that paper then you can read oroboros and Oro Boris prowse and Genesis and the rest of the bang and you'll really understand what's going on and why it's novel and interesting foreign um [Music] does ethereum classic have a future in the crypto Market well you know the interesting thing uh yeah about ethereum classic is there's great potential for enormous Innovation a lot can be done and the code is law space and I think we could definitely make major and significant contributions to that there is some toxicity in certain community members there that is allowed to persist and amplify under the guise of uh well we just need to give everyone a platform it's one thing to give a universal platform to ideas it's another thing to tolerate people who all they do is say my way is the only way everyone else is wrong and if you disagree with me you're evil and we see that in ethereum classic there's some of that and then it turns off an enormous amount of potential for adoption and also it doubles down on the perception that it's basically a dead angry community uh so we have mantis we've been working extremely hard on it we've made a lot of progress in productizing mantis that code base benefits cardano because it's one of the candidates for an evm sidechain for uh for cardano so we can run ethereum smart contracts in cardano that's kind of the pond strategy and we're implementing orbor's bft right now with it to start testing that and we'll continue productizing it but if there is a desire for Innovation which we'll find out with the Treasury System then I think we can do amazing things and really double down on a great philosophy that is underexplored in the space then I do believe it will have a future and it will get a lot of adoption support from ethereum from uh Bitcoin style people who agree with the philosophy but would never go over to ethereum proper but if it doesn't get the Treasury System there's no funds to innovate there's no reason to innovate and it's very clear the community just enjoys the status quo the problem that ethereum classic has is that the technology of ethereum is not the technology of Bitcoin Bitcoin is stable if you're comfortable with what bitcoin's doing for you today and you think that that use case is fine it'll be much the same 50 years from now as it is today uh whereas ethereum is not stable we're seeing that with the high transaction fees and all the security problems and so forth and that's why they're building ethereum too to replace ethereum with a model that is much more sustainable so you can't stay in the same place with an unstable element unless you're prepared to accept all the limitations of that system and all the frustrations of that system ethereum itself is not and when ethereum two occurs there's going to be no innovation transferring from ethereum to or very limited to ethereum Classic because now they're running in completely different systems with different philosophies so the system has to change and either ethereum classic has to regress and become much simpler and much more like Bitcoin or it has to pay for a protracted long-term Innovation campaign in order to transform itself into something that has the equivalent or better type of utility but is sustainable and stable and these this is a big decision the ecosystem has to make um I if I wanted to work on something like Bitcoin I just work on bitcoin we have every resource and capability to create a full node for Bitcoin and be a lot of fun to do that so it's not super appealing to me to regress the system to something more simplistic I and we have every ability to you know conduct a a great campaign to evolve and build something interesting unique and novel we've demonstrated that with cardano and we've demonstrated that with a lot of the work that we've done on the research and development side throughout the industry so the community has to make a decision where do they want to go what do they want to do and I think that decision is going to have profound implications they can either embrace the toxicity that they currently have at the periphery and bring it into the mainstream to a point where that becomes the only voice in ETC or they can ask you it and move into the future and actually get something significantly better and that debate is currently happening right now and I think it's going to reach a conclusion by the end of this year or q1 of next year and we'll all have Clarity um from our side we learned a lot it was really fun building a full ethereum node it's something I never really had a chance to do and we finally did it and it will benefit cardano because we get an evm side chain more likely than not out of it and we can upgrade that chain to stay on par with what ethereum is doing on its computational model uh and it'll benefit uh smart contract developers accordingly but if we want to go beyond that and have sharded proof of work and much higher formal verification smart contracts uh an actually explicit codification of coda's law to the point where we can actually write books about it these types of things that would require a much larger investment we're prepared to go down that road but we don't work for free in that respect you know we have to be we have to be we have to sit passions aside as a company and accept the commercial realities and limitations of things and there are things I donate money to uh but not to vanity projects uh the donation I'm making for the hoskinson center is 20 million dollars of my money to a CMU we're just closing that Arrangement right now and that's to rewrite all of the laws of mathematics in a computer language called liens so we can actually start constructively uh proving all kinds of interesting things and my belief is mathematicians of the future will use this Paradigm because it's so powerful and eventually artificial intelligence can be married with the Paradigm to assist mathematicians and the writing of proofs and the discovery of new theorems and hypotheses so in conjectures and so I'm very excited about that and a project of that nature needs to live exclusively in Academia and the amount of money I've given will ensure that not only does a center exist but that it has an endowment to perpetually be there and as that Center produces better outcomes I'll continue cutting checks of equivalent size and it'll become an Institute and it'll grow from an Institute to potentially an entire department and people get their phds in this domain and this is like the future of math that's a donation and that benefits the entire world and it's something that belongs to the entire world endlessly working on a vanity project that has no use in utility or Community desire to upgrade itself that makes no sense there are better cryptocurrencies in my view to make contributions to I would rather write code for Litecoin at this point than Etc if there's no desire to innovate because at least there it's maybe a potentially a good test net for Bitcoin to explore new features and functionality or just work on bitcoin directly and maybe find a way to get Simplicity and all these other things into Bitcoin to make the space more interesting and competitive it makes no sense to just continue contributing off of this bizarre belief that somehow all these people from ethereum will see the light and move over to ethereum Classic if there was a time for that it would have happened over the last four years it didn't grow up and move on and create a real life justification to exist and if you can't do that then you just have to accept that you're a calcified dead God floating on the astral plane A Relic to the Past rather than something real uh so it's a fascinating social experiment it's a fascinating example of governance if you are in these fields of academic study this is a great thing to write a master's thesis on this is a great thing to get you write your dissertation on I think you could learn an enormous amount uh and it's also a great lesson in crypto governance uh and what can and can't be done no one knows the outcome I certainly don't I I really am rooting for and hoping that Etc can get there but we'll see what happens and uh What uh where the votes go where where people migrate to and uh regardless of what happens you know the Caravan moves on and our Engineers are always doing useful interesting things and there's always other things to do and I'm at peace energy this is an interesting question that I actually don't understand myself it says why do the link holders hate cardano so much there is does seem to be a disproportionate amount of attacks from link to cardano and first this is senseless because it's a layer two thing it's not its own layer one protocol it's it's got a token and it lives in a certain place but it fundamentally values chain link it's fundamentally valuable to chain link to work on many different platforms so criticizing arbitrarily one platform makes no sense because the Cardinal smart contract developers could be chain link customers yet despite that we do see an enormous amount of negativity and hate and there's one particular account that actually has crossed the the boundary into slander that would be criminal in many jurisdictions uh and uh you know we've even considered uh pursuing a criminal complaint especially for certain tweets that have come out uh because of the nature of those tweets and how damaging they can be if people actually believe them so I'm not sure I I really don't know uh you know why they do this why they think this way um usually when you have curation and leadership in an ecosystem the curators and leaders in that ecosystem decentralized or not they call their community and say let's calm down a little bit and understand the nature of how we work and it's better when we have a big tent instead of a small tent and we're not loyal to any particular blockchain we're agnostic in that respect and all these people are potentially customers all the haters are doing is just shutting off millions of people from being their customers furthermore inviting those people to compete with them and build better Solutions and I guess that's just a community decision that they have to make and someone in the community very loud ones are making it but back to the toxicity of the periphery the problem with Reddit Twitter telegram is they amplify these things to unnecessary levels so it's hard to discern whether this is a belief at the core or a belief at the periphery and we're just getting exposed to it because we don't have to live in those Forums on a daily basis and ultimately um some point we'll see it flush through if it's persistent and continuous it probably is at the core if it's at the edges I think it'll Fade Away over time um slash Biz is filled with miserable khv in their 20s that's why they attack you uh you know the 4chan has a reputation for being exceedingly harsh on people and I've been called Everything Under the Sun narcissistic sociopaths soy boy pathological liar I and actually some of that percolates into the ethereum community and they certainly say the same things and then they just repost pages of fiction books uh that uh you know certainly sell well but don't have any bearing in reality as their evidence and of course no one seems to have critical thinking skills anymore and look at the track record and look at what we've done where we've been and the companies we lead and realize that um don't believe everything you read um this is the consequence of anonymity paired with no accountability is that the ID gets over represented and people just say stuff and you have as a human being to develop the ability to control your reactions and control your emotional Investments and things and I tend to look at it in reciprocal forms if someone invests an enormous amount of time effort money and to try to get a message or belief out there then it is probably worthwhile legitimizing uh that to the extent of engaging with it for example whether people want to believe it or not there's a large group of Americans who believe that the U.S election in 2020 was fraudulent and those adherence to that belief are still holding conferences like Mike Lindell and others and they keep thumping their chests and saying that something is there the proper response to that is not ridicule or fact checking the proper response to that is engagement because they've proven they're not going to go away they're very dogged in their beliefs and those beliefs attack the very legitimacy of the nation-state they cannot be allowed to persist if meaningful percentages of the American population hold them you have to debate them address them and work your way through them and then what happens is if you do that you de-radicalize the movement and you'll never convince everybody there's still going to be crazy people at the periphery who believe the shark people or the lizard people from them from Mars are in charge of everything and we're living in a flat Earth and you know the flooring the fluoride and the water is you know what's killing everybody is you can't win with everybody okay it's religion at certain points but what you can do is disarm the movement through engagement now contrast that with flash Biz what is the investment for what they say when they post their memes and their pictures and their photoshops and their their hate speech uh all these negative things nothing it's just them [ __ ] posting on a keyboard like a gamer does so why should there be any engagement or interaction or emotional reaction to this the consequences of them saying that is nothing this is why I really do not like legislation against hate speech or attempts to silence people you let people talk and very quickly you'll know who's legitimate and who's Crazy just by letting people talk and Society has social mechanisms to kind of sort things out and if you certain person really strongly feels about something and is really willing to die for that you know you give you give them at least as a platform to understand why because there's probably a kernel of Truth there there's probably something there that uh that really is right for example it's very clear that the institution of the mass media in the United States and the social networks in the United States did not like Donald Trump that's an objective reality if you take a look at negative versus positive coverage and how editorializing worked its way into things that were probably objective news making should have been objective news making that blatant reality jaded a perception that because they had a particular political bleeding that that could go then to fraud so not addressing that underlying issue just legitimizes the belief that fraud does exist and it's not being covered because the people are supposed to be the Watchdogs and conduct these investigations are compromised in some way we actually see that happening with the who for example if you look at the reporting on the origins of coronavirus they issue a report with no investigation saying a lab leak didn't happen and slowly but surely they're walking it back and trying to find a plausible excuse for it but it's very clear that this is not an objective absolutely objective research in fact there's a lot of evidence circumstantial and otherwise that at the very least it could have been something that was discovered in nature brought to a lab to study and one of the lab techs got infected and then it spread slowly at first and then exponentially later throughout Wuhan and then throughout the entire world that's a much more plausible Occam's razor type of hypothesis given the facts and circumstances that we know then this is just a random zoonotic disease because if it was a zoonotic disease there would be probably something that occurred in rural China that worked its way into an urban center not the urban center that happens to have the only lab in the entire country that studies this particular type of virus but then if you have these viewpoints mainstream media seems to be saying your conspiracy theorist and you get brutally attacked and people ask why why is this narrative not allowed to be debated and discussed why are we not allowed to apply critical thinking look at facts and circumstances and have opinions about these things and the fact that that's difficult there's a transitivity to that to other things like election fraud or vaccines and so forth and because that transitivity occurs it causes a cascading of social problems so you have to understand these and if you engage people you have a dialogue with people uh you know you'll actually discover these things and going back to attributes we look forward to employees we look at active listening well this is an example of that listen to people engage with people there's no listening and slash Biz it's impossible in that Medium so there's no value to that Medium from a communication Viewpoint all it is is just the ability to take subconscious random things whether it be sex things or your anger about certain things and just broadcast it to the entire world okay uh and uh you know if they happen to be directed in our direction or me so they'll be directed somewhere else the next day of the week that's the reality of that but uh don't allow that to influence or impact you don't take any emotional impact to it but do take an emotional impact on the bigger things like people's inability to communicate in general with each other or people believing the worst in each other without evidence foreign follow-on for Mr cookie the problem with conspiracy is that they don't listen to reason you can't listen you can listen to them but they don't listen to you there's no dialogue they won't listen to you until they feel like you've connected to the root cause of their anger whatever that is then you can have a real dialogue there's actually a book that's written and I'll find the title for you guys but the whole point of the book is about how to have difficult conversations with people cult members religious Fanatics uh you know ideologues whatever they may be and you can talk to these people it's not you don't just write them off what you have to do though is don't tell them how the world Works don't disagree with them take a step back and very dispassionately keep listening until you get to bedrock of where the foundations of their beliefs come from so the anti-vaxx the anti-woohan lab leak Theory um the anti-media the anti-all this stuff there are root causes to all of that and it usually stems to they feel that institutions are corrupted and because they're corrupted they can't do their job and all the complexity that they manage and the things we have to take for granted that they say uh we can't anymore so then they're looking for alternative institutions to tell them things and that's where demagoguery comes in that's where uh you know bad leaders come in that's where crackpots come in and so forth and they connect to those and they build a relationship with those because those people don't have the same dynamics of the corrupt institutions in their mind almost always you'll see that this is the case with a lot of these conspiracy theorists so to have a productive dialogue get there with them and then once you're there see I understand how you feel but then you can start doing thought experiments and other things and gradually work and build your way up to hey maybe it's okay maybe the lizard people aren't trying to kill us and uh etc etc but there are real conspiracies in the world let's be clear you know propaganda due for example was a conspiracy against the Italian government and was quite successful for a while um there are secret organizations and other things I took a great class on the learning the Great Courses that talked about uh secret organizations and conspiracies 24 lectures long and amazing to see how much influence secret organizations have had over the direction of the human race I mean half of uh of the founding fathers were Freemasons so there certainly are secret societies there certainly are conspiracies there certainly are events that occur where the official narrative is not correct and you know there's another narrative that's actually correct and yeah there's certainly been horrible things that even the US government has done to its own people uh you know like uh for example MK Ultra operation Northwoods um the Phoenix project uh during Vietnam dozens of things like this and hundreds more that we didn't know because the Family Jewels were burnt uh and the church committee couldn't uncover them and there's still things probably going on today which we're not aware about that are much worse um and all kinds of horrible technologies that are being explored and looked at but in general to infer from the existence of these types of things that there's a global Grand Design and conspiracy controlling the entire human race then you have to ask yourself who can be so incredibly competent to both enable this to be done in a shadowy hidden way but also incompetent to run the world the way it's being run the world is deeply fractured and divided um nobody's really agreeing with each other right now I've met many heads of state uh some of ones I've met I couldn't even believe they were ahead of state and they seem to actually be in control of their own country if there was a grand World Order controlling everything that wouldn't be the case there would be a lot more confidence the world is very complicated and people aren't very good at dealing with complexity so what they do instead is they try to simplify where and when they can and it's easy to replace complexity with they don't want you to in a phrase like that and all these conspiracy theorists um you know they fail basic logic usually when they put their ideas together and some can be amazingly persuasive but most of them can't be but you have to understand the people who fall for these things almost always are good people and they're just good people who are hurt in some way and you have to find the source of the pain the deep cause of that hurt the the principle complaint the principal concern and then you can start building from there and almost always have a productive dialogue thank you ah there we go difficult conversations by Stone Peyton and Heen did you improve your listening Charles my chief of staff reminds me from time to time that I haven't gotten to you Nirvana yet on that topic but I'm working on it I'm working on it it's a lifetime Pursuit it's one of my weaknesses are you vaccinated which one did you get I got the Pfizer vaccine two shots I wanted novavax but that damn company can never seem to launch a damn product uh it's I think novavax is the safest of the vaccines but um Pfizer the Pfizer bioin Tech mRNA vaccine is pretty damn good I got it my dad got it my brother got it over a billion people have gotten it so I put my money where my mouth was if I'm you know if facts are bad I guess I'm gonna die so you guys can just watch my health and see if I'm getting sicker and weaker or healthier and then you can make your own decisions no blood clots no medical problems just had a full workup feeling fine or maybe I'm part of the evil New World Order conspiracy trying to convince you otherwise good how is the jet project going Charles we should have some releases next week blog post videos these things and Jean Federica is actually writing the code for it and we're going to probably work with metal amp to implement it so we'll get that done foreign got the billionaire saline shot you know where I got my Pfizer vaccine I got it at the Albertsons in Cheyenne so uh so there you go if they're given billionaires Salient shots in Cheyenne Wyoming and Albertsons that's a pretty special Albertsons man it's a great thing the spike proteins mutate over time Charles how exactly how how I can't wait for you to tell me the molecular biology on that one unless you're talking about the virus mutating which yeah of course it does all viruses do uh we're here with covid for Life guys every year you have to get your covet shot what's going to happen is it's going to be mixed in with the influenza shots the reason why governments got so scared about this is it probably was made with gain and function research and it was the first virus of its kind where that happened and it creates multi-system failure you get myocarditis you get neurological conditions there's endothelial problems it obviously [ __ ] up your lungs and so it scared the hell out of everybody because it was a new thing and new diseases scare the hell out of doctors and public health officials and it turned out this one wasn't as bad as we thought it could have been but it's the beginning of the new things and we need to have proper responses and feedback loops foreign foreign question that comes up Charles are you comfortable taking a vaccine that was developed only after approximately six months instead of the normal r d of five years the technology platform that they were looking at has about 30 years of r d history behind it and it's actually been deployed in veterinarian vaccines and there's just an enormous amount of understanding of mRNA uh and these are things that people had been thinking about for a long time now the actual development process of bringing a drug to Market what people don't understand is that you can only ever get to a certain level of certainty before a drug is approved prior to everybody taking it and that usually is a threshold of the tens the hundreds of thousands of people five years or ten years is not more people it's just bureaucracy and slower adjustment of the trials and a little bit more time to watch those people but ultimately at the end of the day it's the same set so you know you inject people after that it's the same set absolute set it's just you have less time to watch for long-term side effects so then there's a question of what type of long-term side effects would occur with a respiratory virus vaccine and it's not like we're just new at making respiratory virus vaccines we've been making them for a very long time new technology or not we've been making them for a very long time so we have a pretty good idea of the symptoms space the problem space of where things can occur whether it be Gideon Beret or otherwise and there's certainly been vaccines in the past that have caused issues um and so I think it was a rotavirus vaccine caused uh some pretty severe side effects in one out of every hundred and thousand which you wouldn't see in the phase three clinical trial so at the end of the day you have to roll the dice and it's not a decision of getting a vaccine or not getting a vaccine it's a decision of Nature's vaccine versus man's vaccine because the way that coronavirus or any respiratory virus with this level of um virality this uh this the spread is that we're all going to get exposed at some point as a CEO of a company I meet hundreds of people every month I travel extensively I go to big events with you guys like down in Miami for example and there's hundreds of people at that event yeah one of my uh one of my security detail there tested positive for covet he's on the plane with me so I'm gonna be exposed repeatedly to coronavirus and my brother's a doctor you know he's up in Gillette he worked in the ICU he had patients come in people he knew who got kovid and were on ventilators some died this is a real disease so if I'm gonna get exposed to it I'm probably at some point going to contract it and then you look at the side effect and long-term problem profile there amnosmias you lose your smell you lose your taste your logical problems the don't believe me look at the the guy who ran Texas Roadhouse the CEO there killed himself because he had long covered there's dozens of things that can go wrong from heart damage to permanent lung damage as a potential side effect of Nature's vaccine okay so if I I'm gonna go get Nature's vaccine I'm basically signing myself up to a 0.3 in my age group and weight group chance of death I'm signing myself up to a one percent chance of losing my taste and smell long term I'm signing myself up to a lot of potential respiratory problems and a long recovery time potentially weeks to months if I take man's vaccine I know what the profile is in the short term I don't know what the profile is in the long term but I also don't know what the profile is in the long term for covet some of these people with long covet I've met them they may be suffering from fatigue and problems for years to decades so that's a permanent side effect that they deal with it's not made up it's real and there are many people suffering from that millions of people just in the United States lingering recovery and it's horrible for them so I already know that that's a potential long-term side effect that we look at the vaccine side and we say okay which mechanisms would cause devastating side effects and so you have some videos micro clots or this that and the other and Oh look The Johnson Johnson vaccine they had clots in people's brain well we know why that occurred it occurred because it the DNA inside of the dnj vaccine that comes in through the adenovirus when it interacts with your DNA and makes that RNA that makes the protein every about one in a million they'll do it the wrong way it'll make the wrong protein and that protein creates a bad reaction that usually results in a blood clot okay it's a rare bug in that software and it's an endemic problem with that platform which says that's probably not a good platform well that's jnj and AstraZeneca what about Pfizer moderna they're totally different platforms they're totally different pieces of machinery so all these people right it's going to change your DNA they can't even explain how it's well I saw it on YouTube I saw it here and they're so dogged in that belief why do they believe these things it comes back down to the exact same situation they don't trust institutions I don't look at vaccine deniers or hoaxers or these anti-vax people and say they're bad people or incompetent people I say they're distrustful people because they have been lied to again and again and again and they're deeply skeptical and they say well hang on a second here uh you know let's let's slow things down a little bit if there wasn't a global pandemic I would agree with them but there is one and the reality is they're going to get vaccinated one way or the other they're either going to be vaccinated with Nature's vaccine or a man's vaccine and going back to institutional mistrust one of the biggest lies our mass media has told is that if you get the disease and recover that some way you're not protected somehow all of immunology and medical science doesn't apply anymore the reality is you probably have a great degree of resistance against all variants if you've recovered that's just the truth if you look at the data in statistics now you can enhance that resistance with a vaccine and we should encourage people to take boosters at some point especially if they're blended with other things like influenza because resistance naturally wears off over time okay and you can get a disease again and again and again after you've recovered from the disease this happens all the time with people but to say that they're unvaccinated is completely wrong they took Nature's vaccine and they actually had to deal with a much harsher side effect profile than man's vaccine but they probably have some degree of comparability so when you tell people in mass media that that doesn't count in any sense of the word and that you're being irresponsible uh if you don't get vaccinated after you've recovered it creates distrust and it creates a belief that there's an alternative narrative here instead what they should be saying is you can do better and amplify your resistance and if you're in an at-risk group like the elderly or so forth you should amplify it because you need as much help as you can get because when you get over the age of 75 the mortality rate is five percent is horrible but we don't say it that way instead we say it another way and it makes people instantly distrustful and add 12 other things that have been done that are not science based but are propaganda based and at some point you're going to reach a Tipping Point where people just opt out and they say screw it I'll take Nature's vaccine I'm Gonna Roll the Dice I don't know but I I just I don't want to be part of this thing but at the end of the day I'm a vector as if anyone else I'm a CEO I meet hundreds of people thousands of people it would be morally wrong and irresponsible if I had something that could prevent me from getting sick and becoming a vector for a disease to not do so uh and I put my money where my mouth was I took the shot you know and uh I'm fine I feel fine now maybe we're all wrong and let's ask the consequences of that guys let's really think that through billions of people have now been vaccinated billions if this is gonna permanently damage the human race it is world war three in three years or five years first if I die then the other people took the vaccine die what half or more of the planet's going to die in three to five years and then if we all get really horribly sick and there's terrible side effects that kind of mass destruction where Fortune 500 CEOs almost everyone in the Senate and the Congress current and former presidents all these people have been injected with this are now going to get horribly ill and sick that's not going to create one of the most catastrophic social events in human history what type of conspiratorial thinking do you have to have to not recognize that that's the end of humanity if that's the case do you really want to live in a world where that's the case I'd rather be dead then lived through that nuclear war is going to happen everything's going to go to hell if that's the case and they say no it'll do something else you can be controlled with 5G and magnets and all this other stuff and again the people spraying this garbage have no understanding of science none they can't tell you the mechanism and where's the evidence 100 plus countries have this stuff and no Public Health Minister anywhere I know these ministers I've met them there's no Grand thing where they're being told by shadowy people you must do this and you can't hide a lie this big you can't with so many people involved so many things involved but people just can't get there because their faith and institutions is so broken they'd rather trust somebody they've never met over YouTube or Facebook or some other place and say my beliefs are absolute there probably will be side effects for some and we've already seen them reported some people receive a vaccine have died millions of people with covet have died and millions more will die before this epidemic is over that's just the reality and the health care industry for the most part while it does focus on treatments rather than cures the people who work in it are compassionate empathetic people the nurses the doctors the support staff and they really do not want to see people die many people listening here in this live stream are in the healthcare industry and I don't believe for a moment that they go to work and say boy how do I make Pfizer money today yet they are vaccinating people they're taking it themselves and recommending people take it because they have to deal with the consequences of those who don't if you look at the statistics about breakthrough cases they're very small for those hospitalized and die at the Delta variant if you're vaccinated but usually it's a mild to asymptomatic infection for the vast majority of people which means the vaccine is working if you look at the icus what people who have coveted in them the vast majority of them in the icus are unvaccinated and the ones who are vaccinated in the icu's the vast majority of them are those who you would expect to be there with covet old people with diabetes and cancer and heart disease and morbidly obese and all kinds of comorbidities that massively reduce your ability to fight off an opportunistic infection and a lot of them die with not from covid they die from their underlying mortalities but they get counted as a Copic death so vaccines work that's why we don't dive smallpox anymore it's why polio is mostly gone and those who believe otherwise they have every right to believe that and they have every right to be part of society and that's okay but they do have to take personal accountability for the fact that when they're wrong with those beliefs those beliefs could end up killing them as the people in the icus who had an opportunity to be vaccinated and didn't are learning and I'm comfortable with that it's a free Society you have to give people the freedom to have control over their lives and their bodies I don't stand for mandatory vaccination or compulsory vaccination I stand for reason and convincing people uh that things are one way or the other scares the hell out of people when you do it the other way and also it's a very dystopian Society to say that all right why is your entire identity just talking about all the amazing things you've done at all places you go your speech pattern analysis aggregate is mostly modest bragging so when we talk about all the science the papers we talk about the stories all these all all that stuff we talk about my passions like Legends of Valor and that's just amazing things we've done in places you go you see this this is the other thing that's amazing to me there's a group of people in the cryptocurrency space that absolutely believe I'm an egomaniac and every single thing that I do say and think is all about a grandizing Charles hoskinson that's what they believe I mentioned that I go to all these places in the context of look how big the community is and look at all the amazing things the community are doing the people that I visit in Africa don't have many cases the same networks that I do so when I mention it I bring them up and I put them into the spotlight for example I met a Mongol Campbell herder in the Gobi desert who owns Bitcoin he's not exactly on Twitter tweeting every day good luck finding even a cell phone signal much less internet connectivity so by mentioning to the world that we've met that person we've done something with them we talked to them it tells his story but apparently that's all the places I go why because you're one of the guys who just has convinced I'm a certain way and this is a great example Brandon of confirmation bias in the human's ability to find evidence supporting pre-existing beliefs that they have if you believe I'm a certain way you'll find a statement or a behavior that confirms that if you believe them another way you'll find a statement and a behavior that confirms that so let's look at objective reality if I'm this narcissistic control freak that just brags and brags and brags then you would assume that we've structured the projects I work on the company I work at in a way where I can never be replaced and it's all about me meanwhile if you look at cardano every single day leadership execution and ecosystem gets more decentralized the people who run the Ledger are the stake pool operators which very few are us the governance system Catalyst every round gets more and more decentralized 250 000 votes 33 000 unique wallets Catalyst circles forming of which I'm not in other people are the foundation is growing and stepping into a role and at some point will become more prominent on the Community Management than we are and so forth so at some point I'm completely irrelevant in any respect and will just fade away that's not exactly what a megalomanical narcissist does they kind of make sure they're always in the picture one way or the other and the other thing that I'm completely comfortable fading away it's a good thing it's the nature of the technology for it to evolve and grow it has to have that capacity you'll notice something that of the 111 research papers we've written my name's not on a single one of them I was so vain I'd find a way to weasel my way on those like Craig Wright does with his I don't because I don't directly participate in the research and I only put my name on things that I wrote myself and made meaningful and significant contributions to and we try very hard to create a strong platform for the scientists and give them the ability to speak their mind and have their spotlight I'm very rarely for example appear on the cardano 360 update we do every month instead it's an aggregation of the community and the company and the different companies working on cardano as their opportunity to actually see that now I have an AMA sure it's my [ __ ] Channel I have a Twitter account sure it's my [ __ ] Channel so I'm not allowed to have my own channels and people aren't allowed to follow me in that respect and of course I say my and me on my personal checks I'm people are here to listen to me and think and hear my mind but to you that doesn't matter why because you're convinced you've read stuff you thought stuff you say well this is the way Charles is that's why the technology we are building in this industry is so incredibly important because you can't step outside of your biases and it's really hard for a human being to do that any human being myself included so we have to create social structures and institutions and governance models that don't require us to step outside of our biases they expose them one of the greatest Innovations in the 21st century in the last 20 years in businesses has been data-driven decision-making in business analytics from Big Data why because if you start recording everything and analyzing everything you start recognizing that you're making decisions based on biases and beliefs and behaviors that aren't grounded in actual reality and the data analysis they will tell you that you'll see it you'll say hang on a second here something is fundamentally wrong here and if you choose to listen to it and believe it suddenly you make amazing decisions one of the first things that Sasha Nadella did when he took over Microsoft is he forced everybody to talk to each other unified all the systems and the data and started analyzing and applying AI to it and then suddenly Microsoft started making significantly better decisions and they grew from like three 400 billion dollar company to a multi-trillion dollar company that's much more resilient and stronger and if Nadella dies tomorrow Microsoft is still that entity because they're actually listening to objective reality and making decisions with objective reality we should always aspire to do this in our personal lives our organizational lives and our governments those three levels of hierarchy and the global governance we should always be asking where are our perceptions our biases our beliefs getting in the way of our ability to compromise and objectively assess reality and if we can't do this as a species we can't handle the technology we have it's a gift the technology we've inherited and are developing right now requires a certain level of wisdom to operate responsibly and right now unfortunately the Technologies here the wisdom's here we need to catch up and that missing gap of wisdom is collective intelligence is objective reality is the ability to analyze things and understand our own biases understanding humans have linearity bias we're really bad at assessing exponential growth understand people are terrible with Statistics understand that people when they make decisions sell to make decisions with the right heuristics or even understand the right inputs required to make the right decisions and people study these things every day they write their dissertations on these things and so forth uh and uh instead we usually as a species tend to regress to these other things and this is just a great example of that you see what you want to see okay some people see me as a savior some people see me as a devil some people see me as humble some people see me as overwhelmingly narcissistic and arrogant and it's all about me me me me some people see me as a genius some people see me as an academic fraud in charlatan uh and uh can't do anything I can't even program I know nothing all I can do is talk and even when I talk it's all just lies and their evidence for it is wherever they look for it and then they'll hold on to that and Askew anything to the contrary you know I can go and donate to a charity it's vanity he doesn't actually believe in that he doesn't actually care and that he's not even a real cowboy I live on a ranch I caught bison I listen to country music now I hate country music but damn it it's everywhere starting to like it that's how you know you're you're getting in the club uh but no no he's not even that it's all an act okay uh you know just believe what you believe and if we've really done our work correctly it actually doesn't matter because the system takes care of itself it's self-correcting it's self-healing you know another thing is like some of those fictional books oh he bragged about going to CCR concerts and Steve Miller concert actually I've been not only have I been I had them come and play at the Iowa Global Summit in 2019 I met Steve Miller I met CCR I know it's like he does that because he wants people who think he's older than he actually is yeah because people can't use Google it's like I Telegraph 33. oh no no he pretends to be older than he actually says no believe it or not people actually dress this way I I like the business and the on the top uh casual on the bottom look jeans plus a collared shirt it's perfect I've met heads of state like this it's it's a decent uniform uh yeah I'm a little overweight yeah I gained 40 pounds of being in this industry welcome to traveling 200 days a year 250 days a year um believe it or not if I could look younger and more youthful and ha I I'd go do that guys um I grew up in Hawaii you know in Hawaii uh all the television the 1980s and 90s uh when I was a kid there it was all like 60s and 70s I I grew up watching Bewitched that I Dream of Jeannie I grew up watching Lost in Space all these things my I was homeschooled So I listened to all songs my mom listened to she went to concerts all the time she was a Pink Floyd fan like Boston like uh like Journey so that's what I listened to as a kid you know I kind of skipped the whole Backstreet Boys and in sync and Third Eye Blind and uh you know uh Counting Crows generation and I kind of stuck to the 80s rock the 70s rock and so forth is it so inconceivable that somebody has that belief so I walk with a lamp I got Gout how many of you know I have gout come on I have doctors when I publish my my things say your uric acid level's too high Charles come on now yeah I don't take my Al appear in all as much as I should although I've been better about that yeah you kind of walk with a limp from time to time with gout I've been very public about that you can see my knobby right foot with uh with the after effects of what gout does God really [ __ ] up your joints last attack it got into my ankle yeah I got an old man disease first time I had a gout attack was in Japan many years ago and I stand in an Airbnb on the 14th floor 15th floor of this building it had one [ __ ] elevator I get up two o'clock in the morning raise their pain in my foot oh God this is so pain I called my dad I said dad I must have broken my toe or something this is horrible and he said well what's going on I tell him the whole thing he says hang up send me a picture so I sent him a picture he texts me back he says that's gout it's like [ __ ] I said what do I do he can't do anything take steroids and this that and the other and wait for it to go away and it'll get you on treatment when you get back okay so I hobble over because I have a 7 A.M meeting to the elevator and I push the button this Japanese guy comes and he's like no the elevator is broken oh God this is bad so I had to hobble down those stairs with a gout foot first time ever having a gout attack one flight of stairs another flight of stairs another flight of stairs and so forth I and I said man that was hard and I and I tried to find a place to buy a damn cane no place had cane or crutches I could find this okay so then that night I come back I said oh thank God I'm back it was a long hard day and I go to uh push the button in the other the damn elevator is still broken I'm thinking of myself I got to go up 14 flights of stairs no crutches no nothing uh just derailing to brace me with a gout foot holy [ __ ] uh so I get to that flight of stairs and right at that moment there's this old guy he must be 80 years old old Japanese guy and we both kind of look at each other and he looks a little Haggard and I got the cow foot and he gives me a nod and I'm like okay I guess we're doing this man so I take my step and I go oh and he goes oh and I go ugh and he goes oh and we're doing that we're just doing that that's probably a [ __ ] hours a couple of stairs he was on the floor above me so that elevator was broken for weeks so every time around the same time I get back uh you know they tell me they were gonna fix it that day they never did I and I get there the old guys there with me we go all the way up together he'd nod as he comes by me sometimes I beat him sometimes he beat me but yeah that was my first Scout attack you know that's life that's how that works um and it's just extraordinary to me that uh you know people have different realities and they believe different things but you know it's good fiction hi and people uh can believe whatever they want to believe and they could live the lives that they want to live that's the great thing about being a Libertarian when you're a Libertarian you let people do the things that they want to do you let people have their kooky crazy beliefs there is a Libertarian politician up in Montana that believes colloidal silver is the best thing ever and he has argeria because of it Google that makes your skin turn silver he looks like a Smurf so yeah Google silver uh uh skin condition you know colloidal Silvers can you'll see these guys that are that have the the grayish skin from Silver deposits still takes Silvers as well I may have gray skin but I've never been sick because of it really harm us for letting people do that and believe that no that's what makes life fun foreign the silver guy died ah I I hadn't really followed Silverman for a while topic change very random question uh what is your opinion on motorcycles are they dangerous and uh for a first vehicle would a motorcycle be more ideal uh yeah I used to have a Ducati sr2 Monster they're remarkably dangerous things uh and I would highly recommend against people using motorcycles but it's important to point out in the developing World mopeds and motorcycles dirt bikes are usually the predominant form of Transport because they're so cheap to feel and maintain and fix you'll see lots of Vespas of their equivalents floating around the problem is that you have no protection from a crash again when you fly off uh you can do all kinds of crazy Maneuvers and things like Drive between lanes and things like that so you never really get stuck in traffic jam but it's really dangerous to do that and other drivers especially larger drivers they miss motorcyclists all the time so I would not recommend it for your first vehicle and also if you're really going to drive it you really have to understand how to do that and the places and conditions where that's safe versus not safe so from a safety perspective terrible although being 20 years old on a motorcycle is pretty [ __ ] awesome experience I'm not gonna lie you know you can you do lots of crazy [ __ ] once you know what you can do with it foreign oh yeah you do know that red meats induce gout attacks no I've never heard that that in shellfish never heard about purines at all my co-worker got diagnosed with gout like a year ago and after he changed his diet greatly reduced doesn't make you miss the steak just reduce it yeah and actually managing out with dye is the single best thing you can do I agree with you and I'm working on it I like the listening skills foreign [Music] ever been to Louisiana uh actually I have been I've been to Mo Louisiana and Hollands all those other places and I have a very good story about the devil's penis if you find it my amas you can listen to it I won't tell it again here because it takes a little while but I have a great Louisiana gas story station story about that and that was a lot of fun Charles what do you think about fireworks use them every year I spent a lot on fireworks too this is America you celebrate your country's independence by blowing up a small piece of it why don't you live in Hawaii you know I asked myself that every day I love Hawaii I grew up on Maui and one of these days I'll get a place there and co-locate but right now I'm going between Wyoming and Colorado [Music] um Charles I want to start a farm what should be the first steps well there's a lot of micro agriculture videos on YouTube that I'd highly recommend uh the smallholder farmer videos uh and Cornell has a really cool program that's fairly inexpensive that actually tells you how to run a small scale farm and just taking those courses you'll learn enormous amounts about soil science and irrigating principles and uh how to build hydroponic Farms versus open farms and so forth but there are a lot of people that are making good money off of four or five acres of farming so it's really just a question of do you have the time to invest takes about three to six months to learn enough to get started and then probably a few years to get to a point where you're dangerous any updates on the aquaponics front uh when we have a little bit more time next year gonna definitely build an aquaponics facility up in Wyoming foreign Charles have you ever had a run-in with wild bison all of my bison on my Ranch are wild they're not domesticated bison so every time I see him it's a run-in with them right huh are you familiar with Garrett's Lisa E8 Siri for uh lee algebras uh in the quantum gravity model yeah I've seen that and they have this beautiful little picture and you know he's like a physicist and a surfer it's it's really cool for dinner party conversations Charles tell us now are you Satoshi we all are Satoshi and no one's Satoshi satoshi's dead and no I'm not another thing about common sense like I I am 33 guys like Bitcoin was created 2007-2008 it's like 1920 making Bitcoin [ __ ] come on yeah these people you get asked again and again and again and at some point you're like sure if you want to believe that go ahead thank you favorite song from Pink Floyd Wish You Were Here uh I think Adam back is Satoshi he's the most likely candidate but you know that's the Occam's razor candidate there could be other people and probably will eventually come out and maybe we'll all be surprised who knows how's the JavaScript course coming around oh that's actually a fun question so um right now I'm reviewing a lot of different literature and I've been thinking deeply about what's the best way of explaining computer science to the extent you could become a proficient developer that kind of understands the underlying infrastructure so the idea was that you'd start with like a nanded Tetris foundational thing where you'd really talk about how computers work under the hood and then you work your way up to a theory of computing and also information Theory so you kind of understand the limitations of information and also what computers can and can't do at their core and then you say okay here's JavaScript as a candidate language and let's learn JavaScript correctly so JavaScript with a functional Paradigm kind of like ramda and these things and learn about all the the different things and then have some modules uh like for example do a deep fake uh you know something like so that's an AI module that'd be a lot of fun build a web scraper so it teaches you a lot about how networks work and how to interface with a browser and search the web and so forth and uh then maybe a data science problem or something like that or connect it to the web scraper where you collect lots of information and you analyze it so you can show how data science really works and then maybe do something in crypto and put all those together that would be a lot of fun and I think you could learn in enormous amount from that process the problem is writing a course of that nature takes an enormous amount of time and I'm just not in a position where I can commit that time so I thought a lot about it and I wrote a lot of notes down on how to do a course like that but I haven't haven't professionally pursued it yet if I ever did it'd be free like everything we release and it'd probably be udemy and YouTube lectures depending on where the udemy platform is right now but it appeal you to do lectures like the plutus Pioneers program it'd be fun to do something informal methods with JavaScript as well what's today for smart contracts it is September 12th doo doo doo Charles how do you calculate the maximum supply of cardano it's fixed in the protocol itself it's a hard lock parameter foreign you on to numerology well numbers obviously they're very sexy oh man five bare naked five there's no other way Charles have you read Atlas Shrug yeah I've read the philosopher in Hell Edition so for every page you analyze two more pages are written by Anne Rand best money you've ever spent you know it's kind of funny you remember the small things in life uh so I uh I'd been working and I was extremely tired and very hungry and very poor this was many years ago and I dropped by 7-Eleven on the way home and I only had a dollar 30 in my pocket and I said [ __ ] what can I get for a dollar Thirty and I'm really hungry I'm really tired so I walk over the aisles and I see this ramen noodle cup the shrimp ramen noodle uh and I said okay that's what I'm gonna do so I bought it and I made it right there at the 7-Eleven kind of peeled back the top a little bit poured the hot water in there and it was late at night so I put the little noodle cup right there next to the coffee machines and I walked over started talking to the gas station attendant we had this nice 10 minute conversation and I walked over my noodles were ready I stirred them up put a little this spicy stuff in it because they had that for free and I take that first bite and I was like so good little [ __ ] like that that that's the stuff you remember and that's the that's the good money it was a dollar seven for that cup noodle pretty good deal I had just enough left over to get some air in my tires don't you have a hurricane I do a hurricane Evo foreign it's an amazing car golf [ __ ] that let's talk the yacht I'm gonna buy with them Ada well good luck with that I'm not a yacht guy yeah just because my dad was a doctor didn't mean my dad gave me much he was one of those uh you have to earn it type of guys and he also used an internist you know the hierarchy of doctors you have your cardiologists and you know your ophthalmologists and the dermatologist they make all the money and the primary care physicians do all the work and get all the [ __ ] they don't make the money foreign ER yeah we were talking about nfts apparently that was a interesting episode how is yellow a virtual machine coming along actually we're about ready for a major new uh development push so they're working on it every day and we're going to build a nice development ecosystem around it and start really focusing on product production performance and tooling but it's one of my favorite projects and the way that we design mantis it's got plugability so you can put the KVM in you can put yellow in so I think we get two side chains for free with the same code base foreign classical music yeah I used to play a piano and is who's your favorite composer uh composer for piano was Chopin composer for Symphonies Beethoven what is the lobster doing on your microphone well we're trying to name the son of a [ __ ] I think we're gonna call him Mike Mike the lobster a few of you guys have asked me there's so many mics in my life and Mike is on the mic Mike thank you why the name cardano it's after geralamo cardano the famous mathematician Google them he was a super interesting guy would you rather fly or teleport fly do you have a pet many many many many what's your driving motivational Factor well before I became the parent of Mike the lobster uh it was other things but now it's to make sure that Mike is okay all right have you ever tried listening to psyc trance yeah they got psychedelic Space Rock they got synthwave and now there's psych trance yeah I'll give it a try these are the questions that tries a man's soul [Laughter] and you people who think I'm arrogant you're gonna grab that you're gonna take it you're gonna take it oh [ __ ] favorite game uh tie between Baldur's Gate series and Arcanum [Music] okay do you remember the moment when you discovered cryptography slash blockchain okay first off never do that again don't don't don't make cryptography and blockchain one and the same they're not they're very different I took an intro to cryptography class many years ago from uh Professor E at uh at CU and um I I was like first time I've really been exposed to cryptography a long time ago and we did public key crypto and RSA and discrete logarithm problem and all these other things crypto's been around for a very long time blockchain is new they're not the same they're very different okay blockchain is a composition of things it's a consumer of authenticated data structures and consensus algorithms and cryptography it's a consumer of network protocols uh all kinds of stuff crypto is all about the science of secure communication and there you think about confidentiality message Integrity non-repudiation authentication the proof of knowledge uh and you're always basing these things against the capabilities of an adversary and you're trying to build models of provable security bounded against an adversary that's ubiquitously useful to many domains that have nothing to do with blockchain uh now where I first heard of blockchain went through Bitcoin and that was back in 2011. and I don't actually remember the exact time period but I remember it was connected to slash thought or something I saw a um a thing come up and I said oh that's looking interesting and I read the white paper and I thought about it and I said well this is fun and I set up a minor and I started mining I started buying some of them I started doing stuff for them and I accumulated quite a few Bitcoin but then I gave away and sold or used them like for example I used to buy stuff on bitmet like many people did I have an Xbox that now cost millions of dollars because of that um but I didn't understand at the time the profound implications of uh of Bitcoin or where this technology could go it took a few years for that to really set in foreign we'll clip it here and what we always do when we clip these things is we give away some money so let's do that okay so let's go ahead and share the screen um screen share wow there we go foreign let's go to Kiva and let's go ahead and find someone to lend to so for uh those of you find a borrower ah for those those of you who don't know uh Kiva is a microfinance website and they allow you to give small scale loans to people all around the world and they have different regions North America Central America South America Africa Eastern Europe Middle East Asia and Oceania uh and uh anyway uh these are small ones usually only a few hundred dollars and um they try to make the interest rates as small as possible this is one of my areas of huge passion we're starting to do some experiments in Kenya where we're doing this in a peer-to-peer capacity and now that smart contracts are coming in 2022 we can actually build out a microfinance center for cardano uh but in the interim we use Kiva to kind of demonstrate the concept so where should we go today let's look at Eastern Europe how about that oh find a borrower there's Albania Armenia Georgia Kosovo Moldova let's look at Albania about that okay she looks interesting okay let's read her story all right resume J is a 59 year old lady from uh korka City uh she has one son recently moved in another house and she is living on her own as unfortunately her husband passed away a month ago as she's had keep a letter support in January 2020 and her aim was to open a small tailoring shop and she's been working in a tailoring Factory for more than 10 years but unfortunately her husband got sick and all the money received went to his medical expenses she's had some health problems and due to the problems she has been having the last months her situation got worse in order to recover she needs to do some medical examination for herself the capital city just asking one more time for Kiva lenders to support and pay for her medical expenses okay so let's give the full amount okay I need to sign in I guess all right one second let me stop sharing sign in [Music] there we go okay continue to check out and we're gonna do PayPal okay okay just a second but I'm gonna okay so let's go ahead and share the screen again share screen one second just got to do that wow there we go okay so thank you for supporting and we'll go back to our portfolio and take a look at all the microfinance that we have of 5 500 total deposits uh so we have someone from Palestine Albania El Salvador Haiti Cambodia Senegal Togo the Philippines Mexico Peru and Kenya and they're all doing pretty good so always remember to give always remember that this technology is built for not just us but others and until next time thank you all for being part of the community this was a lot of fun as an AMA talk to you guys soon cheers
