hi casting live from warm sunny Colorado always warm Always Sunny sometimes Colorado today is November 20th 2021 and uh we're all getting ready for Thanksgiving here in Colorado and the United States it's a wonderful holiday lots of friends and family these things and uh you know I'm just getting back to the swing of things I was in Africa for a while and all last week we were really building up and getting things done uh and uh you know the project is going well and so I'm going through my sentiment at scoring my media analysis and I was catching up on some YouTube interviews and things like that and you know uh one in particular just made me think a bit and I I watched a bit of it and you know I just had to turn it off uh it was the crypto banter interview with Vinnie and uh Brian and or Bill or whatever the hell his name is and of course molten tar monster number three which I have no idea why ran invites these types of people on a show and it made me think a bit for How can there be such a difference between actual reality and the perception of reality you know what why is that so significant you know our industry in general but it's just a microcosm of a broader issue humanity is suffering from we're starting to all live in a post-truth economy we grew up with these ideas that hey if you want to go and fundamentally change all the systems of the world that's probably pretty hard if you want to go and build something very complex like a fusion reactor or go to Mars or if you want to go and invent an entirely New Field of academic study that's probably a life's Pursuit it's probably a super hard problem and there's an expectation that for super hard problems you're going to have to bring together an interdisciplinary team of people great engineers and great scientists and great business people and great marketers and great politicians and great people all around to kind of do that great Endeavor this is how I grew up it's how most people listening grew up but now we live in this bizarre post-truth dichotomy where being a unicorn means nothing you know it used to be if you do a startup the startup is worth a billion dollars they call it a unicorn wow that's an incredible accomplishment my Lord look at this thing and now it's just like whatever what have you done for me today you know uh cardall is a project if you take the industry aside for a moment and you take a look at all the things that have been achieved in this project an army of scientists were brought together it's not a graveyard of phds they're at the top of their field they're offered tenure people call them on a regular basis try to get them to leave their blockchain groups it's the top research in the entire industry the best papers in the entire industry by citation count and relevance people top of their game came together an army of scientists an army of Engineers came together a giant Community came together and that Community has enabled cardano to grow to such a scale that it's a self-sustaining ecosystem there's a massive nft group tons of people doing interesting things air drops all the time marketplaces forming like crazy whole wave of taxes not just one but like half a dozen stable coins in the Horizon oracles on the horizon it wasn't too long ago just a few years ago that if ethereum had these things it would have been inconceivable wow so incredible but now it's just like how how will you compete with a cryptocurrency that can shut itself on and off by the women Wills of the founders how will you compete with this centralized thing or this thing that's built on quicksand meanwhile we look at the the science we look at the progress we look at we look at the things that have been done over a six-year period they're astounding a whole new field of research was done this whole concept of decentralized consensus where you have Dynamic quorums and highly Byzantine environment that's not a new that's not an easy thing and the orabor's protocol family by every metric figured out all the hard problems and we successfully as a community came together and built a root of trust now all these babbling idiots on YouTube don't seem to understand how significant that is once you have that you can use that for the rest of time to establish truth in the world property ledgers for nation states voting systems new currencies central banks you can use that at any time to bootstrap other cryptocurrencies permission side chains that operate a thousand times faster this is what Bitcoin has done and why the damn thing's worth a trillion dollars and the Bitcoin Maximus keeps shouting at it they don't care about smart contracts they don't care about high throughput they don't care about fast finality because in their mind the problem they solved was this big decentralized route of trust one canonical ordering for the events of the world the monies of the world one version of truth that everybody can deterministically verify themselves they achieve that and therefore it should be worth a trillion dollars we did the same thing and we did it with all of the features they wrote off and thought weren't possible the extended utxl model completely new way of programming so misunderstood that people go on the record saying that it's not concurrent even though it's the single most concurrent model in existence you can't get more concurrent than having local state if you have a global state to account for then there's just no way to Shard that effectively but well it doesn't matter we live in a post-truth economy now where people just stay stuff well nobody I've talked to is investing in that ecosystem says the guy whose business partner years ago accused us of being affiliated with organized crime he didn't he didn't let that one be known Diddy Vinnie and all these other people they just Babble and babble and babble and babble meanwhile if you actually look at fundamentals we have them from a community from how we do research the problems we've solved to the code that we've written by every growth metric we just keep growing and growing and growing from transaction volume to State pools to the amount of people using the protocol people still are saying there are no smart contracts on cardano even though Nami wallets here space buds is here people are writing and deploying smart contracts the pabs on the test net people have circumvented the PAB just so that they can deploy it with their own mechanisms it's there it's running and you look at the throughput of the system at 20 to 40x probably next year minimum we can get up to about a megabyte block size every five seconds that's what we see on the theory side when we put in pipelining and input endorsers and some Network optimizations and that's just base layer not talking about Hydra not talking about side chains not talking about new research existing research that we have it's just implement it roll it out you have all these [ __ ] parallel teams every day working hard you see the code you see the upgrades but then every single person and these these babbling head YouTube shows just attack and attack and attack and act as if it doesn't exist and then when we achieve it they walk it back and say Well everybody's done proof of stake no and actually they haven't they really haven't it's extraordinary it's just so much noise it really is and you know it wouldn't be so hurtful if it wasn't if it wasn't believed and taken holes should Sail guys point of the cryptocurrency space is we stand at the edge of a new reality it's a reality of do we embrace all of our demons and the worst parts of society and do we pursue a world where there's no determinism there's no truth everybody's opinions are all that matters we don't actually have the ability to critically analyze things we don't understand that hard things do sometimes require hard work and time we just want to live an instant gratification land where whatever somebody tells oh but I saw this it works until it doesn't you know with the fastest cryptocurrency in the world is if you guys want to just admit the [ __ ] that's being pushed on this space Amazon go go use the web services it's so [ __ ] fast talk about TPS put a centralized database on Amazon my God you can do a million TPS that's the fastest thing ever right oh but we're not that well then [ __ ] prove it write the goddamn papers down do the hard work have third parties audit the work although we don't have time for that move faster break things we have to get all the people now burn tokens now destroy your tokens so that I can get an extra five or ten percent and then dump it so on some other idiot so that I can go buy a car or a house or these types of things that's the post-truth economy that you're looking at everything should go up a thousand X every year nothing should require any hard work how I feel matters more than reality how I feel matters more than the papers than the work the engineering the oversight the auditability the game plan what you say doesn't matter the monetary policy has to just change on a whim because you know I have to make money now right it's fraudulent if it goes down 20 goes up 100 x in a year that oh that doesn't matter that's the post-truth economy or we can look at the other side which is thinking for yourselves and looking at the road map day by day is progress being made day by day are you honoring the commitments that you made are you following the road map are you building are people building on it is the community growing or Contracting is there a coherent logical philosophy behind these things that's self-contained can I verify the claims that are being made independent of the people making the claims basic things basic things there's no magic to this guys it's just good old-fashioned hard work every day good old-fashioned hard work that's it you gotta wake up you got to put your nose to the grindstone you got to push forward and you have to ignore the critics and the noise you have to ignore the madness of the crowds and you just have to get it done and again and again and again that's what we do you know and just lately it's become so remarkably toxic and lately it's become so irrational the worst thing that ever happened for the cryptocurrency space was the big boom of this year I'd say it because it brought in a mindset that you get something for nothing it brought in a mindset that instantaneously the whole world is going to change and all things are going to be great and glorious and everybody's rich that's not how it works it's never been how it works you know and what's so sad is so many Great accomplishments have occurred from Bitcoin adopting Taproot God that was hard for them to ethereum finally making real and meaningful progress on F2 two completely new technologies like Avalanche for example come out or the emergence of l Grant and how it's started to grow El Salvador adopting Bitcoin there are dozens of real accomplishments on the cardano side all the great Publications that came out this year the shipping of Gogan smart contracts under the extended utxo model the single best and most advanced model for concurrency for smart contracts built on a foundation that will finally allow certified software to be easy my God look at all these things but what are the headlines the post-truth economy headlines Dogecoin Shiba Inu nfts all of these things and look how much money these people have made and who are the heroes the people doing the work or the Babbling heads on YouTube just spraying diarrhea out of their mouths it's a choice we all have to make I made mine You know despite all this noise we've never once deviated from our road maps we've never once deviated for the launch schedules we never change we just keep going we told everybody what we were gonna do we said Byron we said Shelley we said Gogan three down now you got Boston Volterra and we're marching forward it doesn't matter how long it takes how much work it takes it doesn't matter what is necessary to get us there it will get done because it needs to get done if you build a system like this you get to go to the Moon you get to go to Mars you get to change things you get to actually live in a world where things are fundamentally different and the community is with us in this respect no one seems to ever talk about that all those babbling heads on YouTube all these people spewing nonsense on Twitter all these VCS they've talked to 20 good people about you know all these things and how amazing they are they never seem to talk about that and also where do we go with this if you build your Empire on a ledger with no principles you build your your infrastructure on infrastructure that can change at a drop of a hat that's not truly decentralized that has numerous technical problems it has security flaws embedded within it it has no certainty of upgradability no foresight about how interoperability is going to work no Theory or science behind it and that's founder effect written all over an insane distributions of the ownership of the system if you build your Empire on that uh it can be taken from you really quickly if you build it on granite if you build it on a solid Bedrock like khufu's pyramid it's here four thousand years later it lives and grows and endures but no we have to move fast and break things oppose truth to the economy instant gratification the post-truth economy that's where people want to live it seems like I guess the point of this rant is it's a warning for people you have to take a step back and stop listening to the sooth layers and the provocateurs and the empty calories of propaganda and you have to use your brain and think and you have to ask yourself why are you here what are you trying to accomplish what's the point of this technology what are all these labors about what's the philosophy that you believe in where's the virtue in the things that we do what type of world would you like to live in where would you like to go in that world what type of world would you like to live leave behind these things where does value come from what is the nature of money what makes good money versus bad money are you completely certain and comfortable that the economy that you live within whether it's the U.S economy or the European economies or the Chinese economy is going to be around in 25 years and still is healthy and solid or is it going to be worse off use your perception and look at the world around you is this world getting safer is this world getting more free is this world living with more Enlightenment principles or is this world regressing to a world of fear and paranoia and Division all the institutions around us are collapsing used to be when I was a kid you put money in a bank you get interest now you're lucky if they even let you put it in there for free you have to pay a fee there are negative interest rates now used to be when I was a kid that this concept of printing trillions of dollars out of thin air every year was a fantasy that you'd only hear from the far right gold bugs now it's just business as usual it used to be when I was a kid we had things we could believe in now we don't you see it in the culture every television show every movie we don't have Heroes anymore we have jaded situations broken institutions everything in this post-modern economy there is no notion of winning it's now just let's show you all the Shades of Gray the commish gets replaced with the shield always there's always someone lying to you there's always cynicism there's always more to the story instead of the rest of the story that's sad that's really sad where have all the heroes gone so why are you here and what's the point of all of it because let's say you've succumbed to the cynicism and you now honestly believe that the world is Jaded and broken everybody's out for themselves the money you seek to make in this space is going to evaporate faster than you can imagine or just be taken from you why not civil asset forfeiture has been enshrined in the law and digital currencies are coming at the cbdc level what's to stop the government from any given time just pushing a button taking your money from you you've already admitted that there are no Heroes there's no truth there's no objective reality there's no constitutional rights anymore there's always the exception to the rule two years ago it was absolutely inconceivable that a mass hysteria could take over a nation-state and remove the freedom of religion the freedom of assembly and give us arbitrary rules that we all just somehow have to follow and half of America hates the other half for following them now that's the reality we live in so why can't we just keep going down that road and live in a world where things can just be arbitrarily seized from you and take it from you I regularly go to countries where that's a fact of life I regularly go to countries where every now and then there are about one bad election away from a civil war you don't think that can come home the world we're headed towards in this post-truth economy is not a good one and it's made even worse by the emergence of technology that we as a species do not yet have the wisdom to handle there's a gigantic wisdom Gap you invent the automobile and then somewhere along the road you say boy we need to make a safety belt yeah because car crash bad well we got things far worse now from artificial intelligence to nanotechnology to synthetic biology the wisdom of covet should have been that God gain of function is a civilization ending technology but we can't even have that discussion we're not even allowed to because we're censored about it all conspiracy theories this is the world we're headed towards and the point of crypto is it's an open source Collective effort by countless hundreds of thousands if not millions of creative people good intended people who still believe it's possible to chase objective truth to rescue the world from this Mass hysteria in this Darkness and I thought about it for a long time and I said well if we're going to do this right the one thing we have to get right as frustrating as it is is decentralization it's the one thing we have to get right because if we get that it's Unstoppable so decentralized fundraising so we have Catalyst the centralized control so you have the Oro Boris family it's a centralized development you need governance for that right the hard fork combinator and the CIP process and the ability to vote on things and change things you need decentralized research you tell me 50 years from now how do you guarantee that scientists of the future are still going to be solving problems for a protocol what institution do you embed this in do I go and rebuild all of Academia as a parallel Institution or do I just create institutions within Academia to go and do the damn thing because they've been around for almost a thousand years sounds like probably a good idea to create something within the incumbent system because it's already decentralized it's already culturally neutral even North Korea has universities for God's sakes every language every culture every race every ethnicity every gender there's a university somewhere at the end of the rainbow so if we can turn that into a decentralized brain a century from now we know that the Innovation is still there and you put all these pieces together and the fact that we're making progress at the rate we're making progress despite all these tribes are here and all these different adherence and principles is a goddamn Miracle it's force of will by the founders of the project and it's getting to a point where it's self-determined the community's not going anywhere some people have really asked this question and done these things and they're realizing boy this is special there's something to this I tell you no amount of money in the world is worth the amount of abuse and Punishment one takes as a cryptocurrency founder they write books about you they say apparently cardano is a gambling coin it's just like so [ __ ] inconceivable but they say these things you get verbally harassed you get death threats every place you go you always wonder what's next you get crazy people send you letters send you pictures sometimes of your family I'm sorry there's no wealth in the world worth that kind of pursuit it's not you have to be here for the philosophy you have to be here for the vision you have to be here to believe that tomorrow can be better than the day before you have to believe these things or else you'll burn out see I've lost any of my fire and will and desire to be here because I see a clear line of sight to all these pieces coming together we have the resources we have the community we have the scientists we have the engineering we have the actual power further more nation-states are taking it seriously you know when you talk to heads of state and they said why can't our economy run on these things why can't we Embrace these things why can't we actually get rule of law given by math and protocols as opposed to paper constitutions where they say trust us until you can't I taste it I've seen it with my own eyes and there's no way to go back you can't go back into the cave Plato knew that and now we're here in this uncertain future so it is a plea in a certain respect you all have to make a decision do you live in a post-truth economy do you live in a world with no certainty no bedrock no objective values do you live in a world of cynicism and fear and the latest institution we can torch to the ground for fun because why not death to the powerful or do you live in a world that you can build yourself that has an objective reality that you can actually contribute to if even if it's one brick and a giant wall of bricks you laid one of them and you get to look at that and say that's going to be here in a thousand years two thousand years three thousand years the number one principle of that is decentralization so you don't get Cults of personality you don't get dictators totalitarianism you don't get takeover and it's resilient no matter how hard you hit that system it survives it keeps going it keeps pushing through one too long ago that all of this was just on paper now there's two million people that's an army and nobody said we'd ever ship Shelly we shipped it now we're the most decentralized in terms of consensus cryptocurrencies on the planet and we don't have to use more energy than a nation-state and everybody said there's no reality level of ship smart contracts it's here now and yes these models they take time to wake up sure that's reality right not instant gratification land where you flip a switch and then suddenly everything's ready and it's there and it's Sunshine unicorns and rainbows you all know just because you've opened a plot of land it takes time for people to build houses on that Plata plan but if you have the vision you know that over time it'll be a great community it'll be something awe-inspiring in the Arc of History wasn't too long ago that Manhattan was just a swampy Island no infrastructure now it's one of the great cities of the world look at Dubai it was a desert a century ago look at Vegas the same but people who had the vision the idea the right soil the right infrastructure the right resources realize what could be done but instant gratification land can't understand that it's either here or it's not and if it's not nothing matters move on so that's where we're at I've made my decision and I'm a lifer okay every day we're just gonna keep chipping away at it because I enjoy it I really do I enjoy the challenge I enjoy the hard problems we have to solve we have a phenomenal company we have a phenomenal web of companies we have a phenomenal Community this is my family okay and this is my home this is my life's work my life's purpose these things and I just don't care about the Ebbs and flows and the challenges of the particular day and if there's a delay there's a delay if there's no delay all the better but the destination is unchanged and I see where we can go with this and this space is telling you right now you have to make a decision because if you don't it's going to be made for you if not for the tireless efforts of an ecosystem that needs to get larger and more Evangelistic at some point the powers that be are going to come in and take this from us regulate it out of existence centralize everything and you're going to wake up and live in a dystopian world of social credit the tagline of which is you'll own nothing and be happy and we'll guarantee you're happy because if you're not you're the other and you must be punished for not being happy this will happen by default there's the people in power right now they're scared they see where the world is going they see the resources of the world dwindling the population of the world increasing they see the money systems that they use to control people the institutions they use to control people are losing legitimacy rapidly and if you can't compel people with fantasy and economics the only option you have left is through the barrel of a god through Force through fear intimidation and all this technology around us it's neutral it can be applied to make a Utopia it can be applied to make a dystopia so if we don't creatively come together and make something better if we don't creatively come together and enshrine our rights as human beings and something that can't be violated from our property rights our Liberty our ability to pursue happiness we don't do that it'll be lost in a generation in two years we went from two weeks to slow the spread to papers please and don't for a moment believe that that's just going to go away and stop Now it only goes away when we say we've had enough and I've had enough this industry I'd like to believe the adherence and the real people in it have had enough too and if you're here to make money what's the point would you like to be at a billionaire and under Putin under Ji yeah ask Jack Ma how that's working for him ask all those Russian billionaires who ran a fellow Putin How Great those jail cells are or the poison that they were given is it means nothing it's vacuous it's a Line in the Sand here post-truth economy or an objective reality and if you admit the objective reality you have to have the courage to accept that it's a long and hard and sometimes Lonely Road you don't win a lot of friends when you have the ability to go and sell the future then suddenly the media loves you you get listed on exchanges real quickly VCS love you because your success makes them rich when you want something to be a gallatarian and fair your success actually doesn't so which one do you think they're gonna say is the future which one do you think they're going to be friends with and invite to the fun parties and hang out with that's just the truth of the matter principles are expensive but they're worth it because they're expensive and it takes a lot of Courage the hard times there are many in the future but the hardest times we've already overcome to get this far to a point where we're decentralized and we have a lot of certainty and clear line of sight to the tools of freedom that was a long road and a really brutal one six years of my life and now we're here we have strong foundations so I have no doubt I really don't and I frankly believe feel no certain that we're going to win as an ecosystem as a movement and I believe even the fair weather people at some point will be converted and actually see the things that I see and you see the community sees which is we have for the first time in the human history a say and how humans should live ought to live will live and we actually can build a fair world for the first time ever not a perceived Fair world or not an afterlife which will give us a fair world or not a commune where we can isolate ourselves and that commune could be fair one Global Society we're finally we're treated with some degree of objective fairness inequality and we have access to the same opportunities we're finally there are no Bettors who decide things and Lord over us yeah that's hard to get to because the Legacy doesn't really want to give up but you know what what else you got to do go to work I mean what else what's the point I guess you just play video games all day take drugs watch movies get lost in the lives of celebrities and you can do these things sure deep down inside where's the meaning in that what's the point of that we don't get these opportunities often to really change things for the better and seldom doesn't work out that way there were a lot of people chasing Utopia at the beginning of the 20th century in Russia thinking that by overthrowing a violent dictator that somehow everything was going to be great only to realize with horror that they traded one for another who was far worse so that's your window there you go post-truth economy want to live there go spend all day long on Twitter and YouTube and live in that fantasy land and get lost in people's lives and lives and feelings if you want to live in an objective reality accept the fact that it's going to be a hard Road papers to write code to write sometimes things don't work the first time out sometimes you have to work yourself sometimes you have to contribute yourself you got to go and vote you got ought to go and actually think about things you got to go and actually ask about where do principles come from you've got to learn about ethics you got to learn about Society you have to ask what is good governance you have to have a real opinion grounded in fact in reality you have to be willing to admit that maybe the ideas in your head are wrong and they need to be revised or changed these things and it may take years it may take decades you might be ostracized by friends and family you might be attacked by people you value in your social network you might be called crazy you might have to change your job you might have to move God it's hard it really is but that Road Less Traveled if you pull it off is the experience of a lifetime it was for me and it would be for you that's all I can promise so keep the faith keep pushing hard keep a smile on your face and uh don't let the turkeys get you down cheers everyone
