Library/Surprise AMA August 1st, 2021

Surprise AMA August 1st, 2021

Aug 2, 2021· 2:16:28· 84K views·indexed 5mo ago

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hi everyone this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is august 1st 2021 it is a sunday sunday sunday sunday i&#39;ve had a long day i was at wyoming got a chance to sit behind the cattle shoots and uh watch the bulls go out first time in my life i ever done that and you know it&#39;s been a little while since i&#39;ve done a surprise ama so i figured i&#39;d surprise you with a surprise ama how about that and uh anyway it&#39;s been uh it&#39;s been a very very busy last few weeks i&#39;ve been in mexico washington d.c new york city i&#39;ve been all around and um i&#39;ve gone to a few other places as well we&#39;ve been working real hard on getting smart contracts out and we&#39;ve been working real hard on the dapp portfolio and everything&#39;s on schedule for the most part and we&#39;re really enjoying the fact that uh we&#39;re finally going to be closing out part of the journey getting gogan out it&#39;s been six long years we wrote two programming languages a complete new accounting model we learned a huge amount about smart contracts in general we&#39;ve educated thousands of people we&#39;ve had a lot of ups and downs we&#39;ve rewrote plutus i think more than a dozen times but all things considered a journey like this is always worth it because of the friends you make the things you do the places you go and all the great learning that&#39;s occurred you know the reality is that cardano started just a handful of people a very long time ago and now we&#39;re in a position where we&#39;re over a million people large that&#39;s amazing no matter where i go i always meet one or two of you and i always have the profound pleasure and privilege to be able to interact with people from all walks of life i was at an italian restaurant uh up in of all places cheyenne wyoming and the owner of the restaurant and the cook they were from montenegro which was a small country and in the mediterranean and the cook actually knew who i was which is just extraordinary your little cow town the middle of nowhere at an italian restaurant and you run into somebody who knows about ada knows about cardano and that&#39;s not because of me or these amas they certainly help with the community that&#39;s because of you the community you guys and gals have done a remarkable job evangelizing and growing and when we look at the launch of gogan i made a prediction last year where i said we&#39;d have hundreds of assets and thousands of dapps around july and while we didn&#39;t yet get all of that out there are tens of thousands of assets there&#39;s certainly a huge nft boom and there&#39;s hundreds of great projects out there that are growing evolving and building and thousands of developers and people who are committed to building things on cardano and that to me is really the essence of what i was saying you see we don&#39;t leave people behind in cardone you know we don&#39;t have a situation where people are fair weather they come in they leave there are many other blockchains where that&#39;s the case where they have their time in the sun and after those 15 minutes of fame have expired they disappear rather here in the cardano ecosystem it&#39;s a lifestyle when people come in they&#39;re here for life and they&#39;re fired up and they&#39;re passionate and they&#39;re excited and they want to change the world they want to do something interesting and if they have to go learn a new language they&#39;re going to learn new language if they have to go and learn a completely new way of building dabs they&#39;re going to go do that they have to learn how to start a business they send us an email ask questions about it nowhere is that strength stronger than in catalyst if you take a look at how far we&#39;ve grown what we&#39;ve seen what we&#39;ve learned from that process it&#39;s really amazing and absolutely humbling uh to go from just a few dozen people in the very beginning days to tens of thousands of people and every single time a funding round comes uh more than 50 ventures getting funded and eventually that&#39;ll be hundreds eventually thousands as that ecosystem grows the pluto&#39;s pioneers are not going to disappear any more so than the incentivized testnet pioneers disappeared i wasn&#39;t too long ago we had our spo pioneers now there&#39;s over 3000 of them and uh more than 1500 regularly make blocks uh with a great degree of precision and that&#39;s exactly what&#39;s going to happen with the dap ecosystem people are here to stay and every single metric from the science to the engineering to the community metrics to the progress with the foundation to the progress of io global and dc spark and emergo and so many of the other companies that are floating around this ecosystem it points to a bright future and so i&#39;d like to thank all of you for making that bright future possible all i can do is just open the door that&#39;s it but you guys have to walk through it and you did and not just a few over a million people did so i am so excited to see where this is going to go in the coming months and years and i predict that we&#39;re going to have tens of millions before we know it and then hundreds and then the big day is going to be b day when we get to a billion and we run countries on it all right let&#39;s get to your questions huh hi charles you look very tired what&#39;s up i am exhausted absolutely exhausted can&#39;t wait to take a little bit of time off but we&#39;re not going to do that until after the goku summit and i&#39;m going to take two weeks off go up to my ranch and just disappear for a little bit and then i&#39;m going to come on back do the africa tour we&#39;re going to go all the way through africa from the south to the north and meet a lot of great people and get back to work you know it&#39;s been a very very long year and the last 60 days in particular have been absolutely brutal because of the sheer magnitude of the things that had to be done uh but you know it comes with the territory comes with the job and i&#39;m fired up i&#39;m excited we need help in ethiopia with the inflation it&#39;s 6 20 per year i&#39;m getting worried that uh we might need some help in the united states with our inflation rate uh right now it&#39;s at six percent but i think it&#39;s going to be even more if we continue to print money the way we do he had a little too much sun charles while i was outside hmm you know i i get this question a lot charles what do you think about magic mushrooms well if you&#39;re really curious about psychedelics the best book i think that&#39;s written that&#39;s accessible and fair uh is michael pollan&#39;s book how to change your mind but you know that said i would say that you&#39;ve missed the entire magic of mushrooms if you think that the only thing magical about them is psilocybin or psychedelic mushrooms it&#39;s a kingdom there are millions of different species and amazing things floating around in the mushroom world uh from quartriceps that they actually infect ants and other creatures and like take over their brains and steer them on autopilot towards their uh to their hives so that they can spray spores out and kill them to lie in spain which can regenerate neurons it&#39;s such an amazing diversity and there&#39;s so much magic in the fungi kingdoms so you know if you really are serious about it you should definitely watch documentaries like fantastic fungi that really gives a beautiful sampling of that uh and actually buy a few books from pulse stamets and other people who have done a great job kind of cataloging and systematically evangelizing where mushrooms come from and if your only interest is in psychedelics well that&#39;s a different field mushrooms are just a particular type there&#39;s poison toad venom that produces that there&#39;s dmt there&#39;s lsd there&#39;s synthetic substances and natural substances alike that cause magical trips and there&#39;s an emerging field of research for entheogens that&#39;s uh pretty special especially um roland griffiths over at johns hopkins and so michael pollan&#39;s book i think is a good entry point but by no means is the only entry point and there&#39;s some great interviews actually on lex friedman&#39;s podcast and on the joe rogan experience that talk about this great question great to see you live charles how does one get involved with developing impactful projects on top of cardano uh catalyst so go to idea scale the catalyst interface for cardano if you just google catalyst cardano first link that comes up uh it&#39;s a great portal that really can help you get to where you need to go you can take a look at who&#39;s building what people are proposing and it&#39;ll help you find friends and funding the fnfs uh and then also cardano.org has a lot of great information on it and over time that&#39;s going to continue maturing and growing into a portal and there&#39;s a stack exchange as well and also the cardinal forums so my recommendation is introduce yourself on the forums and go to stack exchange and also go to idea scale and just tell people who you are what your skill sets are what are the things you&#39;re passionate about and there&#39;s a lot of wonderful tools that i think you can use to get to where you need to go when will you be on the joe rogan podcast well that&#39;s up to joe we haven&#39;t asked but uh one of these days we&#39;ll get there hi charles where&#39;s the poncho from columbia i have it in the back room i give it to you miami thank you so much jean salazar also you should take a look at a veracity it will be huge for cardano to have a proof of view out project i will definitely do so thanks sean hey charles hello from snow mountain ranch and granby well hello from uh farm out in longmont and also hoskinson ranch up in wheatland charles you think the fact that 70 percent of ada is being staked is good for the future of cardano i prefer 100 one of the cool things about cardano unlike some of its competitors is that when you stake data you don&#39;t bond it so it doesn&#39;t get locked so it&#39;s liquid even though it&#39;s staked you can move it around at any time and the higher that number goes the better for the security of the system without the liquidity problems that bonding causes what are your thoughts on the upcoming crypto regulations well we&#39;ll see what survives you know we&#39;ve been here before and there&#39;s been a lot of bills and ideas uh but it&#39;s difficult to see what&#39;s material and what&#39;s not material certainly classifying everything as a broker is not productive or helpful and uh asset classification has to be done very carefully if you&#39;re in a classification-based regulatory structure instead of a functional regulatory structure um also i think it&#39;s materially irresponsible to punish one of the most productive and necessary nascent industries for tax compliance purposes you know they want to have an infrastructure bill and they say let&#39;s raise 28 billion by punishing crypto people because they don&#39;t have tax compliance it&#39;s that our lobby is weaker than the oil companies lobbies or the biotechnology companies lobbies we give a government monopoly to all these vaccine manufacturers and now they&#39;re making tens of billions of dollars off their vaccines why don&#39;t you go tax them given that most of that money is coming from the us government and also we de-risked the vaccines they had zero risk in producing them maybe that&#39;s a better target to tax but so they come after my industry say we&#39;re all bad guys and provide no evidence at all that uh somehow increasing compliance will magically make things better i thought they&#39;re all kinseyians and you know if retail investors make a lot of money doesn&#39;t that mean they&#39;re going to spend the money they&#39;re going to pay back debt they&#39;re going to buy property they&#39;re going to buy [ __ ] creates this velocity and does that improve the economy make the businesses grow better and eventually get it back with tax revenue but i guess you&#39;re only kenzians when it&#39;s the fields you care about and then you know you&#39;re not when it&#39;s other things thoughts on posting catalyst proposals public to the outside of the cardano network view only of course it&#39;s evidence of refu flood that no one is building on the ghost chain you know we should have david orr do a weekly catalyst roll up of what&#39;s happened in catalyst like three to five minutes long different projects and yeah i agree there should be far more public views because there&#39;s a lot of [ __ ] going on there&#39;s a lot of movement going on and it&#39;s really just sad that that people don&#39;t acknowledge that mostly because they want to be deceptive do you think it&#39;s an advantage like 52 years old at 33 you know this comes up a lot in the ethereum community people say i misrepresent my age um guys i have wikipedia page born 1987 it&#39;s not really a big secret that i&#39;m 33. um here&#39;s one of the reasons why i appear sometimes older first i&#39;m not in good shape i have the dad bod body because i&#39;ve been an entrepreneur too long and haven&#39;t taken good care of myself and i am trying to improve that second i grew up in hawaii and one of the things about growing up in hawaii in the 80s is that you&#39;re kind of stuck in the past i grew up on bewitched and i dream of jeannie my i was homeschooled and my mom really liked 70s rock so i grew up on journey and i grew up on heart and i grew up on boston and these types of bands so all of my musical tastes and my cultural references came from lost in space by the way i bought the lost in space robot we&#39;re rewiring it right now so that we have uh singularitynet connected to it i needed status updates on singularitynet so i said well that would be really cool danger danger will robinson so we got a replica of the original robot and we&#39;re rebuilding it so i can just talk to it in the office um so that&#39;s that&#39;s where i&#39;m at and as for my fashion i&#39;m wearing cowboy clothing right now i don&#39;t know if that equates to 50 or 33. i look exactly the same as 18 year old kids who are riding bulls today but for some reason people like to connect that because i appear more mature then i&#39;m being deceitful about my age when it&#39;s impossible for me to hide my age because it&#39;s a public knowledge it&#39;s literally if you search me the first result that comes out tells you my date of birth but this just shows the intellectual dishonesty of certain people in this ecosystem they have decided that i am a certain way and they have to ignore all evidence to the contrary and only pay attention to things that they perceive to justify or validate it&#39;s called confirmation bias and it&#39;s really sad because it prevents collaboration it prevents us from working with certain groups of people and it creates a lot of undue toxicity and noise and what would otherwise be actually a very pleasant experience the reality is it&#39;s not us versus ethereum us versus eos us versus polka dot we&#39;re all very small it&#39;s us the industry versus the legacy systems that wish to dominate and control the world it is not in our best interest for everybody to be at each other&#39;s throats and attacking each other but unfortunately the incentives have aligned economic and otherwise to do so and it&#39;s made it a thoroughly unpleasant industry especially for newcomers in the in the industry thoughts on the sec creating cryptocurrencies as stocks that&#39;s nothing new they certainly have treated certain things as securities but there&#39;s nothing especially interesting that&#39;s come out recently to do that i mean if it is an investment it&#39;s an investment and there&#39;s certainly things that have been created in our industry which are synthetic stocks and they should be treated as such but not everything is a security and there needs to be some nuance in that have you ever been to maui i grew up on maui i was born in wailuku live a little town called makawa thoughts on icp nothing yet you have to have at least a year out then you know we&#39;ll see where they&#39;re at what&#39;s your favorite spirit to drink whiskey yo charles how we doing on smart contracts we&#39;re on schedule made a video literally a day ago about it would you ever put blue cheese on a steak actually yes when it&#39;s mixed with bone marrow it&#39;s amazing blue cheese bone marrow the best steakhouse 316 up in boulder i think does that how do you win the mental game of fasting as with all things in life uh you know there&#39;s many heuristics and tricks that you use to win mental games where there&#39;s enormous discipline that&#39;s required and what&#39;s really curious is that you&#39;ll actually meet tremendously disciplined people who are disciplined in one domain and for whatever reason that transitively doesn&#39;t port to another domain for example i knew a person who had terrible drug addiction but he also was in the u.s army and he went to special forces and he was enormously disciplined uh you know survived green beret training did pineland and qualified with q chorus and incredible shape could get up at four o&#39;clock every single morning but yet still had a terrible drug problem and eventually caused a discharge and it was uh catastrophic for his life and he got divorced and it was always curious to me why is it that there&#39;s a person who can become a green beret which is one of the hardest things humanity has invented to do which requires gargantuan amounts of self-discipline but then in another category that also requires still to self-discipline the avoidance of a substance for whatever reason they fail ulysses s grant was another example of this you know tremendously disciplined guy uh he built his own cabin on 300 acres of land after he got married and would farm the land himself uh you know and he was a disciplined general and fought the civil war went from a colonel captain when he entered the war exited as general of the army yet had an alcohol problem throughout his entire life so there&#39;s this amazing transitivity lack of transitivity and discipline in certain respects and especially as it relates to addictive to behavior dysmorphias or neuroses but fasting is interesting because that&#39;s a human need and what you have to do with anything where you&#39;re doing something of that nature is don&#39;t set yourself up for failure so prepare the environment so that the things that normally attempt you aren&#39;t present and also gradually ease your way into it what people tend to do is when they quit something or they want to dramatically change a habit is they go cold turkey a great example would be smoking so they say i&#39;m just going to stop smoking you know three packs of cigarettes and you know and then you go to nothing it&#39;s like good luck with that but really time and true method is just to say okay well if you do two packs a day cut a cigarette out every week okay and within 10 20 weeks you&#39;re making really substantial progress towards uh towards actually stop smoking and it&#39;s pretty easy to go and just remove one cigarette from the regimen every single week and little by little by little you actually make iterative progress there fasting is the same way you know if you want to fast go from a normal diet to a keto diet get keto adapted and make sure you take all your stuff with the keto dab like fasting salts and so forth okay well getting keto adapted and then adding some intermittent fasting in your ghrelin levels are going to be pretty low you don&#39;t actually feel hungry okay so a lot of people want to get into an extended fast that&#39;s the route to do it and for the most part works pretty well as long as the environment is conducive to that one of the biggest reasons why people break fast is not a lack of discipline it&#39;s the social reasons the wife wants to eat something the boyfriend wants to eat something parents are in town holiday is coming up like for recently i was going to go and break my all-time record for a fast i and instead i instead of going the full 14 days i only went seven days and then started re-feeding because i wanted to be fully refed by july 4th you know and if july 4th wasn&#39;t there i would have went all the way through by the time i was seven days totally adapted i had no problem at all i was just cruising through i was used to not eating i had a perfect regimen i knew when to take my salts i knew when to drink water and do all those things and i felt great but i i lost the game of time so don&#39;t set yourself up for failure and uh the topic of discipline is you know a separate thing and the willpower is a separate thing and there&#39;s people study that and it&#39;s a curious thing to me closely related or different states of mind so people practice hypnosis there&#39;s auto hypnosis for example that&#39;s self hypnosis there&#39;s a whole bunch of books on that in fact um there&#39;s a technique called glove anesthesia which is really cool uh where you can actually prevent yourself from feeling pain in a limb it becomes like a phantom limb or another part of the body and there&#39;s actually documented cases in the literature especially in the 19th century before the event of anesthesia of people performing surgery on those who have been hypnotized and they don&#39;t feel any pain during the surgery it&#39;s pretty remarkable stuff uh so it&#39;s uh it&#39;s really cool and so that&#39;s an example of this altered state of consciousness that allows you to accomplish something uh and then there&#39;s like techniques like the whole neuro-linguistic programming community and you know some people say that pseudoscience and other people say it&#39;s life-changing uh but you know these things give you a um a sense of the variety and now the latest big thing is flow actually i have a meeting tomorrow with stephen kotler or whatever his name is his guys to talk about their flow course i think i&#39;ll take it because i read the darpa research and all the other things and they were able to show very promising results with flow state so i&#39;ll see what that&#39;s all about um then you know there&#39;s other things like meditation and it&#39;s whole families of meditation you know and um just practicing equanimity and getting a clear state actually helps people tremendously and not not during the meditation but afterwards kind of like going to the gym it&#39;s not about being strong at the gym it&#39;s about walking up the three flights of stairs and not having to be out of breath and it&#39;s the same concept there you talk about the mental game of things [Music] okay will the jet be pegged at the us dollar or something else okay so you have volatile basket on one side and then you have a pegging target on the other side that pecking target could be the u.s dollar it could be the euro it could be an sdr it could be whatever you want and then you have an oracle that sits in that injects information from the external world to allow that to work we have blog posts and a video being prepared and the paper is done it&#39;s going to be released here in a little bit and the jet is a really really good step forward in the algorithmic stablecoin world and we&#39;re going to start talking to a lot of governments about the potential of doing a cbdc was a jed like design and a whole agenda to build a decentralized central bank so i think we&#39;ll get a somebody to bite and actually andrew yang and i chatted a little bit over twitter i&#39;m going to see if we can set up a meeting at some point with them because we&#39;re really curious can you combine an algorithmic stable coin with a sovereign wealth fund that generates value from transaction fees outside of the country and then universal basic income as an experiment that&#39;s something i think we probably get a smaller nation to do hey chuck will cardano integrate nipa powell&#39;s alongside mithril it makes sense once we&#39;re multi-chain multi-asset from foreign assets like rap bitcoin and rap litecoin to have one of a wrapped asset comes into the system instead of trusting just a bridge to mint them to have proofs come along and nipah pals would be uh for the proof of work side so i&#39;d love to see that in the three to five year time horizon and i think we can create kind of a generic proof framework for the level of certainty you have about foreign assets given the knowledge of the state huh hey charles do you still think ergo is a good project yeah i i like alex i like the ergo community i&#39;ve never wavered in that respect and i&#39;ve really enjoyed watching them succeed and grow and build stuff how many bison do you own and what is it like taking care of them 400 originally and then i found out they breed so there&#39;s 500 of them now and it&#39;s a challenge and thank god i have some good ranch hands that do a lot of the heavy lifting and so i get to enjoy them from afar right now because i&#39;ve been so busy but hopefully i&#39;ll be able to spend more time and actually become a proper bison rancher i have never taken care of bison before so it says new to me but the head of the the ranch who runs the bison for me his name is brad he&#39;s been doing it for 12 years he&#39;s very good at it are there any yelli updates uh we&#39;ll get a yelly update um at the end of the month yeah we uh we&#39;ve gotten to pretty good cadence with rv there&#39;s still some issues around the periphery but uh for the most part they&#39;re working hard and there&#39;s just a few things that have to be done there&#39;s alpha frontier and yeli and k and kevm these are the four major projects that they have and they constitute millions a year in development so they&#39;re they&#39;re working hard how the [ __ ] do i ask a question this is [ __ ] absurd well kyle arthurs there are 2759 people right now watching on facebook twitter and youtube it&#39;s simulcast to all of them so i get a very fast text and when i see something interesting i just click on it and that was your chance to ask a question but instead you chose to spend it complaining about the fact that you don&#39;t get to ask a question better luck next time kyle will you and vitalik ever bury the hatchet and collaborate well i have no issue on my side the issue is the ethereum community repeatedly calls me a pathological liar a sociopath and a bad actor and points to books written about stuff that happened 10 years ago that aren&#39;t even true and post screenshots of pages of the books and then vitalik validates that on the lex friedman podcast so what do you do with it you know if ethereum people came to me said we&#39;d like work and do something if it was promising and interesting we&#39;d do it it&#39;s that simple um but there&#39;s nothing from our side personally attacking them you know i don&#39;t wake up in the morning and think oh vitalik&#39;s this bad guy what was me what was me what profits do i have in my [ __ ] life come on i got a 500 person company we&#39;re doing great we&#39;re doing amazing stuff our research labs are churning away the code forges are burning bright we have a beautiful huge community i can go anywhere i want to do anything i want run a biotech company and do ag tech stuff collect mushrooms on the side i got bison it&#39;s like my life is pretty [ __ ] good uh there&#39;s just some sort of bizarre fascination with keeping a rivalry or fight or an event that happened in 2014 alive and that&#39;s perpetuated by journalists who like making money and want to get book deals for maximally dramatic events to tell you the truth it&#39;s never crossed my mind unless it&#39;s brought up you know it&#39;s just it&#39;s water under the dam a bridge it&#39;s water over the dam as scalia would say i and if vitalik has something interesting we&#39;d be happy to do it could be a vdf could be a vrf it could be some consensus research it could be the inter connections with the evm work we do with runtime verification virtual griffiths from the ethereum foundation before the whole snafu with north korea we would talk from time to time and actually he was open to collaboration as was i and every now and then i&#39;d go to an ethereum conference and ironically despite all the misgivings that occur uh online and on twitter the i was actually treated with respect and dignity at most ethereum conferences it&#39;s only when i go to the bitcoin maximalist conferences do i see a lot of open hostility and there&#39;s really no point in collaborating there because they offer nothing hi charles i&#39;m in a small print shop in toronto can i please print official cardano hoodies well david there&#39;s no notion of official cardano hoodies because nobody&#39;s in charge of cardona if you love card auto make a really cool logo with the cardano logo and print it go out go for it you know it&#39;s not the nfl there&#39;s no notion of official merchandise you know there&#39;s no owner go you know do your thing be creative too like show some canadian pride you know get that that toronto ontario maple leaf put it on together with uh with little cardona logo and see what you can make out of it what is the single greatest uh single best global benefit of cryptocurrencies putting you in control of your financial life your economic life that&#39;s probably the single best one in teaching people that we don&#39;t need governments to run the economy we can do it just by ourselves as long as we follow the rules and cryptocurrencies help us do that better than a government would do we need governments for anything yeah really after you put crypto in if you follow to its logical extreme crypto has a monopoly on commercial activity in the regulation of markets and i would argue uh better than any government could do if it&#39;s thought out correctly and it&#39;s self-evolving and there&#39;s you know arbitration steps and all kinds of things crypto doesn&#39;t have any monopoly at all on the use of force so if your goal is to legitimize the use of force for whatever reason uh you need a government for that and you can never get that with crypto unless you want to connect crypto to like drones and robots that&#39;s probably not a good idea thoughts on the proposed federal reserve coin biggest threat to the cryptocurrency ecosystem no positive development it&#39;ll be wrapped and run on uh you know ethereum and cardano and all these other places it&#39;s good to see monetary innovation it means we&#39;ve won that&#39;s the you know you can&#39;t beat them join them type of thing charles please take care of your voice it&#39;s very raspy yeah it&#39;s been a tough few weeks uh what subjects do you feel are the most important to learn i i am firmly convinced that the most important thing to learn is learning how to learn at this juncture how to take good notes like zell casting how to manage time techniques to improve memory like memory palace and there&#39;s plenty of books for example moonwalking with einstein and dozens of things like that learning how to learn learning how to manage your time learning how to be disciplined and developing mindfulness are probably the single most important meta skills that&#39;s kind of like eve online you train all your learning skills first once you do that then you save literally years of training time for all the other stuff well yeah it&#39;s true in life too and then you can master any skill as you see fit and you will learn many skills because people change careers a lot in this modern economy context shifting is very important second learning how to do deep work versus shallow work and making provisions for that is very important thoughts on journaling you know it&#39;s really interesting journaling and letter writing were like the mainstays of historians so george washington george h.w bush all these amazing figures in history there&#39;s tens of thousands of correspondents and journal entries and diaries and these things and they&#39;re pouring out their thoughts into paper and now most of that is constrained in telegram messages and signal messages and private messages and people don&#39;t journal as much anymore it&#39;s a it&#39;s something i wish i did more of the last six years have been a flash and there are literally so many incredible meetings and moments and things and i&#39;m going to forget most of them and at some point i&#39;d like to write a book and it&#39;d be a lot of fun to go back through and read thousands of journal entries and be able to see what happened and you know connect that to a good narrative so please do it especially if you&#39;re somebody traveling the world doing interesting things what makes you feel joy well it&#39;s you guys i love the work i do i love the people i interact with i have a lot of great friends and family and i enjoy the hobbies i have and the pursuits i i go through you know believe me or not i&#39;m not a very complex guy from the perspective of lifestyle you know i don&#39;t really care if i&#39;m rich i&#39;m poor food&#39;s gotten a little better traveling has gotten a little bit more luxurious but the core is still the same which is i wake up every day and i&#39;m fascinated by things for example i heard through the grapevine loudest sound ever recorded in human history uh recorded human history there were louder sounds before but um we didn&#39;t write them down was the eruption of krakatoa which is a volcano in indonesia it&#39;s nearby bali it&#39;s nearby java and sumatra and it was 375 decibels the space shuttle is 180 and that&#39;s a logarithmic scale so it should give you a notion of how loud it was contemporary accounts said that people in australia and france could hear it and the sound wave traveled around the world seven times before it dissipated it led to waves that were 120 feet tall like over 40 meters to flow up and come crashing down over uh over many of the surrounding islands in indonesia so i said wow that&#39;s an incredible event and what makes krakatoa so special as an event was that it wasn&#39;t the largest volcano to erupt in human history in fact um just uh 70 years earlier tambora was erupted and that was actually a vei 7 eruption which was 10 times the size of krakatoa what made it so special was that there were telegraph lines and a connected global economy and this was the first time ever that something that happened in indonesia was being followed and tracked by people in the united states and in europe and in other places real time and it&#39;s just a really amazing thing to think about that so i bought this lovely book um and i&#39;ve been reading about the history of krakatoa the particular author likes going on these long tangents about when jakarta was batavia and uh and you know the history of the wallace line and uh other things like that so it&#39;s it&#39;s very circuitous and serpentine uh but it&#39;s still a great read i&#39;ve been enjoying slowly working my way through it trying to keep track of all the history but overall it&#39;s been a joy and it makes you just think that when technology meets an event and we live in a global community things change like for example the eruption of krakatoa led to a fundamental change in islamic practices in indonesia there was other macro events global events that did that but they went from kind of a blended islamic culture which you know anything goes to much more fundamentalist culture and little things like that why because it was such a catastrophic event that you know a lot of people could interpret it as god as angry and you know there&#39;s dozens of uh other there&#39;s religious sex in the united states we&#39;re saying the end is near uh if you look at edward&#39;s um painting the scream and that crazy red background krakatoa puts so much volcanic material into the sky and it dispersed across the entire world that there were red sunsets for years and so actually the norwegians were seeing atmospheric changes due to krakatoa and that paintings uh sky was actually a realistic representation of what somebody in norway would have seen at the time 20 years uh 10 years after krakatoa erupted it&#39;s just an amazing thing so these are the kinds of things that make me feel joys you know you hear about something and then it just turns out that somebody has spent decades of his or her life going very deep and if you want to go down that rabbit hole you can and then seeing the delightful interconnectedness of humanity how something in indonesia could fundamentally change the world um tambora when it erupted in 1815 they call it the year without summer it created a mini ice age for it for an entire year volcanoes are pretty special things what&#39;s your favorite color the absence of color black do you hire political scientists to help with cardano&#39;s governance structure absolutely do you ever stop and think i changed the world no no no because i don&#39;t know yet it&#39;s the world to tell me that i changed it i was certainly a contributor to an industry that seems like it has the potential to change the world but it&#39;s relative impact and whether it&#39;s a good change or a negative change historians are going to argue over that for the next few decades blockchain is here to stay crypto&#39;s here to stay it&#39;s not a flash in the pan and it will transform billions of people&#39;s lives over the next 30 to 40 years you know we didn&#39;t do that alone this is the first major change where it didn&#39;t come from a small group rather it&#39;s a collective enterprise with millions to billions of people working together for the greater good of all and it is truly bewildering to just think of what mega projects can do the last scientific mega project was the apollo project million people worked on that crypto has tens of millions working on it think about what we can accomplish if we could work together in the right way i do think a lot about how do we improve the way we collaborate and communicate as does our chief of staff tamara hassan so that&#39;s a that&#39;s a big passion of ours and hopefully we can figure that one out because if we do it&#39;s an unending resource and that is going to change everything not just crypto peter brant stated that cardano might nose die by 90 who pads his pockets uh that was a hatchet job article by coin telegraph if you actually dig into what peter was saying there was tons of disclaimers and terms and conditions and it was strictly a technical not fundamental analysis based on its interpretation of arbitrary charts i&#39;m not a technical analyst i really loathe technical analysis for trading to me it&#39;s like voodoo it makes no sense because there&#39;s information asymmetries especially in emerging markets and so any given asymmetry can cascadedly destroy or increase a price like the announcement of theorem enterprise alignment alliance for example the charts look very stale before that occurred and then once it occurred ethereum went up at 10x so you know with all due respect to peter i don&#39;t think this works so well the other thing is markets are so much more complicated technical analysis worked well before computers and when people were trading into an issue with some degree of intuition or long arc fundamental analysis in the age of quants and ai black box models and big data and these things uh looking at a simple chart for candles and these it makes no sense at all absolutely no sense at all do you believe in aliens yes i think they do exist who knows if they visited us or not and i think the universe is big enough to warrant many many many different creatures which one do you prefer a giraffe or gorilla well i own a giraffe and i don&#39;t own a gorilla don&#39;t think you can own a gorilla nor would i want to i like giraffes hmm charles what do you think about kovitz delta variant well i made videos about this last year where i said covet is never going away variants are going to occur eventually new strains will come uh viruses gonovirus they mutate and they mutate to new variants maybe take new strains and you have evolutionary pressure i i love it when the media says things like all these people who have been vaccinated are being infected with the delta variant well of course because they can&#39;t be infected with the alpha the original variant well that original variant they&#39;re immune to for the most part you know can&#39;t get a safe harbor so the only thing you can get infected with is the variant that has some degree of breaking through but the fundamental dishonesty of the media is acting as if the delta variant is an existential threat to the vaccinate it&#39;s not um your rate of infection is six times lower than the unvaccinated your rate of hospitalization is 24 times lower than the unvaccinated and your rate of death is more than 24 times lower than the unvaccinated uh for the delta variant so it&#39;s not a concern when you statistically look at these things and yeah the viral loads are higher on uh you know so you can get a harbor in your nose and you could technically spread it to unvaccinated people but a fundamental question has to be asked when does personal accountability come into play your vaccinated population for all intents and purposes still is roughly speaking immune to coven statistically speaking it&#39;s not a problem if everybody had that level of resilience against these variants at the beginning of this there would have never been lockdowns okay that&#39;s just a fact because it&#39;s better than influenza at this point in terms of every metric and that&#39;s just verifiable so then you have to ask the question at what point does personal responsibility come in if i&#39;m vaccinated and i have a viral reservoir with a mild infection or asymptomatic infection and i can spread that to an unvaccinated person that unvaccinated person has had in the united states of america in particular every opportunity to get vaccinated they&#39;ve chosen not to so it&#39;s their decision it&#39;s their personal accountability so we should shut the whole economy down to punish everybody just because a group of people didn&#39;t do something another thing the intellectual dishonesty is the equation of saying recovered is the same as unvaccinated i&#39;ve always maintained there&#39;s two vaccines you can take nature&#39;s vaccine and man&#39;s vaccine i believe in science and i looked at all the data i looked at all these things asked all the critical questions and i believe that man&#39;s vaccine is a hell of a lot better than anything nature&#39;s offering me natural born immunity is a high price to pay amnosia you lose your sense of taste and smell uh death permanent lung damage myocarditis neurological problems guys this is not a trivial thing uh there are many people walking around with long cobain who desperately would have wished to have gotten a different option than nature&#39;s vaccine and it&#39;s absolutely true statistically speaking both routes the most likely outcome is you&#39;re healthy and you&#39;re okay however when you actually get into the side effects profile is significantly worse with nature&#39;s vaccine so why would you choose that because you&#39;re so worried that this other thing is going to do some undefined thing change your dna you know create some bizarre side effect give you cancer and you always ask well what is the mechanism upon which that&#39;s going to happen and everybody&#39;s a biochemist now everybody&#39;s a virologist now everybody&#39;s a doctor now everybody&#39;s an expert in vaccinology now the experts on these fields who&#39;ve dedicated decades of their lives and have tried very hard to explain what they&#39;ve done they don&#39;t count they&#39;re bought and paid for and there&#39;s a big conspiracy so there&#39;s some guy on youtube that used to work somewhere who said something and gives you half the story that&#39;s the expert and that&#39;s unfortunately the reality of covet no one trusts institutions anymore or credentials anymore and there&#39;s an increasing level of polarization and radicalization that has occurred in society to the extent where it&#39;s really hard to discern fact from fiction to the extent that people are willing to roll the dice with their lives and hope to god that somehow their convictions are going to just guide them through all of these things and for the most part it works for them because statistics are on both sides man&#39;s vaccine and nature&#39;s vaccine but in the cases it doesn&#39;t work it&#39;s significantly worse for one group over the other it&#39;s entirely possible that the pfizer vaccine that i took earlier this year has unforeseen side effects it&#39;s entirely possible and i looked at the data and the evidence and i said all right i&#39;m going to roll the dice and try it because i have faith in certain institutions and i have faith in the data that i&#39;ve received and the experimentation that&#39;s been done and four billion doses have been administered billions of people around the world have now gotten the jab they&#39;re doing pretty good all things considered i mean while millions of people have died from coping it&#39;s a truly terrible disease for the unlucky ones who seem to have a really bad reaction to it i also firmly believe that kova probably came from the wuhan lab there&#39;s starting to be an increasing body of evidence used to be you couldn&#39;t even talk about it you get a little label underneath your video and if you&#39;re lucky and if you&#39;re unlucky you get just de-platformed for even uttering those words and the who would just say things like well it didn&#39;t come from a lab we know that with certainty even though we didn&#39;t do any investigation at all we lie through our teeth about it and i think that&#39;s why governments got so scared about copen because deep down inside they actually knew the truth and gain of function research probably produced something like this and as a consequence they were uncertain about what it was actually going to do it&#39;s novel and clearly it affects more than just your lungs hurts your heart hurts your brain and there could be all kinds of weird things and that&#39;s why they reacted as strongly as they did despite the fact the mortality rate wasn&#39;t as high as originally thought and that created even more distrust in institutions and there&#39;s probably a global agreement that the origins will never be discovered because the consequences of this being a lap leak are the delegitimization of the chinese regime to a point where war could break out and for the greater good of humanity i guess our leaders have decided not to dig into that hole and to let this one go yet wisdom is lacking because there&#39;s no global call for regulation on gain and function research not too long ago the avian flu was made human transmissible through that research there was even i think in nature an article published about it and nobody seemed to bat an eye that someone had taken a virus that tends not to spread human human that has a 50 mortality rate and turn it into something that spreads human to human and this is not done by a weapons lab by the military but by scientists and what happens when hundreds and then thousands and tens of thousands of laboratories have access to that that&#39;s an existential problem for the human race and instead we can&#39;t even have that conversation our social media masters won&#39;t and media masters won&#39;t allow it to be had i think that&#39;s the saddest part of cobin is the inability to navigate fact from fiction the loss of trust and institutions have led to people dying and institutions letting us down and that they prevented very necessary conversations and regulations from coming and the next code is going to be a hell of a lot worse than the one that we dealt with in 2019 2020 and a lot of people are gonna die um and there&#39;s another thing that they do apparently talking about the origins of covet is racist i don&#39;t know why but i guess that is the chinese government is evil let&#39;s be very clear about that and i will never back down from those statements they have done some truly horrible horrible horrible things and they continue to do horrible horrible horrible things and they continue to grow in aggression with the entire world we see in africa we see it in mainland china we see it many places they&#39;ve never been honest ever about a lot of things and so it is absolutely right to criticize a nation-state who has leadership that doesn&#39;t seem to be honest or care about human life and not criticize the people any more so than criticizing let&#39;s say the state of israel for politics or another state like saudi arabia for certain political decisions means that you don&#39;t hate the jews or the arabs who live in saudi arabia okay but that nuance seems to be completely missed with a lot of people in this new woke culture that we&#39;re in uh it&#39;s a tool a weapon that people cludges you over the head with uh when they want to silence you or silence thought and then statements like this you&#39;re confusing a lot of things they never actually give you the confusing a lot of things it&#39;s just name calling and these things i&#39;m not confusing the loss of trust in institutions i live in a country where half of my country doesn&#39;t believe in the legitimacy of the presidential election okay i live in a country where overwhelming group of people more than 70 percent have political views that they&#39;re afraid to share publicly uh a country where most institutions there&#39;s at least one demographic greater than 10 of the population that believes there&#39;s a problem in that institution to the extent that they think the institution is lying to them whether it be academia hospitals and healthcare it can be the military it can be the intelligence complex the political institutions the bureaucracy could be the fortune 500 companies the social media companies so you tell me if we&#39;ve lost that much institutional faith and the only way to navigate a complex society is through the lens of institutions what the [ __ ] do we do the best intro to computer science class is probably harvard&#39;s cs50 class offered by edx probably the most comprehensive communism sucks i could not agree more the greatest evil of communism is the institutionalization of the destruction of objective reality and truth that is what you have to do to get people to swallow a system where they think it&#39;s okay and fair for a small group of people to be in total control over all the means of production of a nation-state because that small group of people are going to be somehow so principled and wise that they&#39;re going to know how to distribute all of it and not get corrupted in the process and all evidence to the contrary has to be silenced i get very concerned and worried when people attack definitions and change definitions and change reality to correspond to their views reality the most honest men in the world are those who say i don&#39;t know and let&#39;s find out together not the ones that say i do thoughts on chairman gensler um yeah i took his class at mit i i went on downloaded all the lectures and watched them uh he&#39;s an interesting guy a really smart guy the first commissioner that i think just saw a question i really think that he understands crypto better than any other chairman we&#39;ve ever had and i look forward to figuring out um where he wants to take the agency the commission um you ever talked to aubrey de gray or david sinclair well i&#39;m now in their business so at some point we&#39;re going to rub shoulders i&#39;d love to talk to dave and aubrey and i think we&#39;ll have a lot of fun together [Music] um love the lex podcast conversation how do you think the crypto space can help solve climate change and help halt and reverse the destruction of the natural world cardinals roll their end i think what you have to first do is to win the game you have to change the game so the problem we have is the lifestyles that we have are not sustainable in the biome we would like to live in so let&#39;s be clear about something there&#39;s people&#39;s older destroy the natural world you can&#39;t really destroy the natural world you can change it but you can&#39;t destroy it you know long time ago like asteroid hit the earth and ended all the dinosaurs and we&#39;ve had mega eruptions like yellowstone erupted if a vei 8 eruption goes the whole climate will be irreparably damaged for generations okay so you can change the state of affairs and eradicate the entire human race life will still go on there&#39;ll still be bacteria on archaea and they&#39;ll still be some notion of plants and then over time the biome will change and grow and carbon will get sequestered and things and life will come back we&#39;ll just be gone so we talk about destruction of the natural world we&#39;re really doing is saying we&#39;re changing the planet to conditions that we don&#39;t desire okay so in that we&#39;re already admitting some dominance over terraforming the idea that we can change the entire global state and really if you wish to do that you have to build systems that incentivize the global state you want and capitalism i would argue is actually the single greatest tool to accommodate this but you have to tune capitalism in order to get that outcome so the current parameterization of capitalism is the short term is highly emphasized and the long term is not because we&#39;re finite beings we die and we want money now not money later okay so what you first have to do is you have to take a step back and say can we construct a form of capitalism where you have multiple notions of value money now like the conventional dollars in your pocket and you can buy all kinds of things with that but let&#39;s invent future money let&#39;s say it&#39;s from the year 2020 uh 2200. so 2200 okay and you this is for a future version of yourself so the only way you can earn it is doing things that make the conditions of a future version of yourself better better educated more desirable biome all these types of things okay now suddenly now you created a different form of optimization where you are doing things that have zero benefit to you and maximal benefit for someone who comes that you&#39;ll never meet many generations down the road but you need to do that in order to be able to spend that currency today so you can let&#39;s say buy a house or get ahead in life or do special things suddenly capitalism will optimize everybody&#39;s an environmentalist everybody now wants everyone to get educated and grow up well why because they want to maximize the amount of money they&#39;re making so they&#39;re they&#39;re forcing long-term concerns to become short-term concerns so this is the kind of systems level tuning that we need to do in the 21st century for existential problems things like what crispr will do and synthetic biology and and all these kinds of designer viruses and problems if we&#39;re not careful they&#39;ll kill all of humanity off by 2022 same for artificial general intelligence maybe we make more money not pursuing that so less people will the commercial signal will no longer be there so we have to just change the way we think the alternative right now is communism or some form of heavy-handed socialism where you hand the means of production over to a central entity and hope that they will adjust things so that we can preserve something and that never works i mean if you really think it through something as pervasive as climate change to truly solve that you need a regulator so strong that every factory every individual every nation state must bow to that regulator in some respect if that regulator decides what they&#39;re doing is running contrary to their belief on what will prevent this from happening and i hate centralization so i like the idea of using systems and incentives in just the right way that you can build basically a decentralized bottom-up approach to achieve the same ends we want to reduce carbon we&#39;ll create a marketplace where that&#39;s more profitable than creating it it&#39;s economic tuning and then you don&#39;t need top-down coordination you don&#39;t need regulation because really people just behave in their own self-interest for example if you could find a way to make solar panels and the base load power they connect to the batteries and other things cheaper than coal for example no one would build coal power plants it&#39;s already cheaper on the generation side but you still have to store it somewhere and build a grid for it so that&#39;s more expensive but that&#39;s getting cheaper but if it&#39;s cheaper people just do it because there&#39;s no supply chain they&#39;re more reliable it&#39;s easier to deploy and maintain all of these types of things why would you want to spend more money for less it&#39;s like powering steam engines with timber who in the right mind would go and clear cut out forests when it just makes no sense to do that it&#39;s a lot cheaper to run it on a different fuel source so this is the kind of thinking i think we need to do now you ask about cardinal&#39;s role cardano is a systems level approach and we&#39;re right now targeting a financial operating system showing that there&#39;s a different way to do economic identity showing that there&#39;s a different way to think about incentives and how economies are going to run once you do that you can talk about regulation you can talk about alternative economic systems especially when we get to the cbdc side because nothing stops me from creating two currencies future currency and today currency and nothing stops people from creating an economy where uh you have to earn both in order to live well and then suddenly people are thinking about the future like the iroquois 7th generation idea do you believe that there&#39;s a chance that the megalodon shark is still alive today no same with bigfoot things die and they leave behind skeletons we can date them if there were such massive things floating around the oceans we&#39;d find them or their remains at some point especially after they die danny villeneuve&#39;s take on dune i&#39;m very excited i loved blade runner 2049 i thought it was a great piece of work i love this you you people your brains are so propagandized people need accurate information to get good decisions this is what baffled me when you praised i didn&#39;t praise rash limbaugh who was fine uh profiting from lies but you seem to want humanity to be intelligent mike take a step back and pull your head out of your own ass rush limbaugh is directly responsible for in part the rise of the tea party and the election of george w bush you tell me if that had a dramatic impact on the entire history of the world it is possible somehow to acknowledge the world changing things people do without endorsing those world-changing things it&#39;s also possible to admire the style and process that people use without endorsing that but you can&#39;t get there you can&#39;t get there because you&#39;re propagandized you&#39;re probably on the liberal side and every single impression and thought you&#39;ve had about that particular man is he is basically the eichmann of the 20s and 21st century and he&#39;s an evil racist demagogue and that&#39;s the only thing and everybody&#39;s just stupid for listening to him and then you listen to the people on your side maybe rachel maddow or you know who else right bill maher and they&#39;re so much better and sophisticated never will lie to you and never be internally inconsistent even if the woke culture comes and then you get caught up in it you see this is the problem this is what i keep saying think for yourself everyone alive is an enigma everyone alive is a combination of good [ __ ] and bad [ __ ] and some in between gray area [ __ ] depends on how you look at it how you think about it there are no exceptions some people live grand lives they change the entire arc of the human race as rush limbaugh inadvertently did through his radio show and other people they don&#39;t influence much outside of their local social circle but they&#39;re exactly the same good [ __ ] bad [ __ ] great [ __ ] and what i did in the eulogy of rush limbaugh was acknowledge that there was a person in american politics who 10 of the population of my country listened to every single day and would vote on every single day causing dramatic changes in the way that politics works when republicans started winning on those types of politics the democrats started running on those types of politics which created an even more aggressive reaction which led to the rise of trump and we&#39;re not going to acknowledge the existence of these people bush and trump and the existence of this type of dialogue and hyper polarization and we&#39;re not going to understand it and you think by eulogizing uh that that was praise as a kid i listened to the pot to the radio and you know there was a lot of entertainment value in that radio it no way influenced the way i perceive people and think and i was never a dino head i&#39;m capable of thinking for myself as i would hope that you are maybe not i don&#39;t know yeah the way you&#39;re phrasing this makes you think of that but it did show me the power of style and you can take those neutral techniques and you can use them for good you can use them to build relationships with people did you ever stop mike for a moment and ask yourself why was rush limbaugh so effective because there was a group of people who felt disconnected from a democratic process and not listened to or appreciated and then suddenly someone comes down from the mountaintop and builds a relationship with them and says i shall lead you or at least be part of you and it was like that person&#39;s family they felt that connection trump did that as well with his people and if you don&#39;t stop to ask why does that relationship exist why would people be susceptible to these things where does this go then you missed the entire point of everything i was saying and you&#39;ve missed the entire point of what democracy requires of its people you cannot say we&#39;re going to have a system by the people for the people we&#39;re going to govern ourselves and then at the same time never once take a step back and ask is the mass in a position where it&#39;s capable of doing so and what things would we look for we treat people like children in america every goddamn video on youtube that mentions covet there&#39;s a little car on the bottom uh vaccine information social media guys are now censoring people for saying things some cases true things that were just not true six months ago but are true now because facts have changed like the wuhan lab league if you dare to even utter that back in 2020 you get banned now oh i guess maybe we can talk because political wins have changed a little bit and free thinking people say this is propaganda that&#39;s why glenn greenwald is running around screaming from his mountaintop saying there&#39;s problems here people think it through good democracy a republic requires these types of things they require free thinking masses questioning masses they require the ability to both simultaneously admonish and admire they require you to listen to people that you don&#39;t agree with or have different values than you and ask why do they have different values and if you&#39;re incapable of doing that you can&#39;t live in a democracy you live in a dictatorship and the name of the game is try to find a way to give your guy so much power that he or she will get a political monopoly and then silence every other person and then you&#39;ll live in your political monopoly and the people who agree will be in bliss the small minority they are and the people who disagree will be in a perpetual state of fear as that goes from indoctrination to institutionalization to criminalization to gulagging those are always the steps that come through when you&#39;ve decided to have a war on truth so uh i&#39;m baffled by your statement i truly am and i&#39;m baffled by the level of propaganda that exists in people&#39;s minds they&#39;re just people rush and the rest of the gang they do bad things they do good things deal with it uh and this is the problem with the mentality so people say run for president that doesn&#39;t solve anything guys being president of the united states is an acknowledgement that the system works and that somehow the system can change from within the system i am of the opinion we need to get rid of the presidency i am of the opinion the constitution needs additional amendments and needs to be updated modernized i&#39;m of the opinion that the way our government works has to fundamentally change if the government is actually going to be able to deal with the complexity of the 21st century our government in the united states was manufactured in the 18th century with limited updates for the overall governance you ask yourself what did the world look like was the age of empires and kings it was the age of slow communication it was the age of lords bettors slavery it was a completely different world and every measurable dimension that you could look at to the world we live in today where every few years miracles of technology come out instantaneous movement of value and communication where corporations are more powerful than standing armies and yet somehow a form of governance invented in the 18th century is sufficient to manage that level of complexity no we have to do is build a silent fourth branch of government the bureaucracy and that fourth branch of government will then entangle itself in every dimension of our lives and without constitutional or federal or regulatory oversight just simply do what they feel is necessary the civil service to manage the complexity and the politicians are basically empty suits that are there to legitimize the system while the fourth branch silently controls and dominates and hopefully does a good job sometimes they get it right and sometimes they don&#39;t okay so how will running for president change that it doesn&#39;t what we need to do is we need to actually have a serious conversation about what should consent look like and what rights do you have in the 21st century start there what is the bill of rights of 2021 now that the world has evolved quite a bit and how should we vote what incentives should society have what existential problems are we concerned about war famine and disease we&#39;re not so worried about those natural things or man-made things anymore we&#39;re a lot more concerned about synthetic diseases and the rise of a.i and economic collapse and globalism and all these other things that are completely different from the age of the 18th century so write them down and then let&#39;s create goals maybe it&#39;s you and sustainable development goals or maybe it&#39;s hdi pick goals okay and then we ask yourself what institutions exist that actually can make progress towards these schools and how are they governed how do they look and how do we because that&#39;s where we came from maximize individual liberty and freedom how do we ensure that fundamental human rights like privacy and autonomy and self-determination are preserved the mainstays of the rational uh rationalism of the enlightenment are preserved the better angels of our nature then let&#39;s codify that stuff and find a way to build a government that actually is adhered and held to that and get rid of the bureaucracy or formalize the bureaucracy and actually make it constrained by law instead of a necessary evil we invented because the government we have is insufficient for dealing with the complexity of this world one too long ago that we didn&#39;t even have a standing army in the united states uh this is a great question the woman over your right shoulder with golden tears did you pick up that piece in aspen i only asked because i was back there in april could have sworn i saw the same piece great taste in our that&#39;s freya&#39;s tear freya&#39;s tears there we go uh and that&#39;s from gustav klimp of course you&#39;ve seen the piece because it&#39;s one of the most famous paintings around that&#39;s a reproduction of it uh the original i think is in a museum and if it&#39;s not it would sell for 100 million dollars i and there are certain things in life i refuse to buy at those price points that&#39;s and that&#39;s one of them i it&#39;s a very good reproduction that i had made because i really liked that painting and you&#39;ll see a lot of work from klimt that does the redheaded gal with the pale skin in the gold overlay uh and there&#39;s uh the kiss and a dozen other pieces of work and then i also have a water house over there that&#39;s a reproduction and then a generally in jerome which is my favorite painting okay charles what do you make on eric voorhees decision to decentralize his company in the exchange i think it&#39;s amazing i love eric voorhees i saw his uh his presentation or at least my general counsel and my cfo saw it firsthand and i heard about it i got a debriefing about it at satoshi roundtable when i was down in mexico and i can&#39;t wait to talk to eric&#39;s guys about it it&#39;s really cool what they&#39;re doing and it&#39;s a great example of continuing on the philosophy um eric is this amazing amalgamation of principled pragmatism you know they seem to think that these are different like there&#39;s the absolutist the principled person and the pragmatic person eric realizes that things can&#39;t be done instantly and can live in a regulated space but never lost the raw idealism of the cryptocurrency space and so he took his principles and injected a pragmatic approach to their delivery and now we see that reflected with what he&#39;s dealing with shape-shift uh and that&#39;s just beautiful it&#39;s absolutely beautiful and he has a great crew of people michael perklin and others with him so i have a lot of confidence in his company charles any thoughts on why cardano is absent from crypto atms i believe there are several atm providers that support ada and it can be traded so japan allegedly had one but it&#39;s nowhere to be found there were actually several in japan before the fsa changed the regulations uh you need to get whitelisted for that so any luck that will happen this year and then it&#39;ll be on every atm in japan uh we will do a major atm play at some point as we proliferate through africa because that&#39;s really the the micro bank and it&#39;s the cash in and cash out point and it&#39;s not hard or expensive to to get there um it&#39;s just you know we there&#39;s penetration in the developed world but not the developing do you collect any original artwork i do have several original paintings usually from lesser known artists that i really enjoy like i like kachina in my office i have a dishka an original dishka and it&#39;s just beautiful but not the old masters you know the old masters are timeless waterhouse and klimt and others they should be in museums for everybody to enjoy not in some billionaires closet would you ever go skydiving oh i have been many times the lion&#39;s mane frequently um hopefully more and more what coding language do you think should be learned i think everybody should learn python and r you know if you can learn data literacy and thinking in data r and python are phenomenal and i actually really really love wolfram&#39;s language uh stephen wolfram&#39;s language is great uh how he thinks in computation he does these beautiful presentations my only um bridge is it&#39;s a closed ecosystem it&#39;s a closed source brown format every every so often i talk to steven i&#39;m like you must open source wolfram and maybe one of these days we&#39;ll be able to convince them and then i&#39;ll actually make it a dsl and bring it into cardano but python and r are just great and you can do amazing things with them and if you&#39;re a professional programmer i think you should pick up at least one functional language because that teaches you how to think about complexity really well uh and there&#39;s the hybrid languages like scala and closure and f sharp they&#39;re all great entry points and there&#39;s a pure approach you can take with haskell oral camel or you can go even more pure and go to idris or agda and these types of things but haskell seems to be a pretty amazing language for learning things and there&#39;s some good pedagogy there but there&#39;s plenty of languages to use uh hi charles what role does cardano play in the metaverse let me read about what mark zuckerberg is talking about facebook being a metaverse company and i&#39;ll get back to you guys on that there&#39;s some interesting definitions there have you been to china before many times beijing and shanghai and hong kong all around um will the heart cap of cardano remain the same or are you rethinking it i have no control of those parameters anymore uh ship a sale long time ago uh there&#39;s no way to change the monetary policy of a cryptocurrency once you&#39;ve launched it without overwhelming consent and even then you&#39;d still probably end up getting a cardano classic with it even with a pretty good governance system so um you know good luck with that those are just facts of life you&#39;re gonna have to live with um ever try painting for yourself well i&#39;m a big fan of bob ross and it&#39;s something i do want to do i&#39;m very excited about the prospect of painting i think it&#39;s probably one of the nicest most therapeutic things a person can do dogs are barking oh have you ever considered funding an evidence-based policy research institute seems like a good fit for your interest i think i probably will at some point especially if i start proposing policy there&#39;s actually a lot of really good institutes floating around like i&#39;ve read a lot of papers from the rand corporation and so forth why do you think bezos lost his hair well the same reason i&#39;m losing my hair just too much testosterone coming through my sexy body updates on ethiopia will stamp coin be tied to the ethiopian bear i wouldn&#39;t touch that one now but um on ethiopia about a million of the five million students have already been rolled into the system we&#39;re still on schedule for the first um launch in september uh project is going well there&#39;s certainly a lot of potential business that can be done but there are of course challenges that have to be carefully monitored and we&#39;re working our way through it the eight event this september do you need tickets to get in your old farrier wants to go um you just have to register but it&#39;s free to register uh and i&#39;d love to see you there this guy is a manipulative liar well you tell me why give me specific examples of things that have been done i have another person from the ethereum crowd here you see guys this is why we don&#39;t make progress this stuff holds us back charles thoughts on vim versus emacs i&#39;m a vim user would you fly into space if you had the opportunity i think i will in 2025 and probably will go uh string theory thoughts uh there&#39;s an episode on the lex friedman podcast just came out with the famous string theorists and i&#39;m gonna watch that we&#39;ll take a look how do i become a data developer currently a cs student become a plutus pioneer just go straight to youtube type in plutus pioneer program and you&#39;ll see the lectures from lars bruno&#39;s lecture one see you there charles i o h k is up staff massively where do the bodies go okay so you know we never really talked about this but i figured i&#39;d um i&#39;d get into it so we have these giant black spaceships uh and what they do is they look around for people who are called psychers and we find them we chain them up and then we fly them back to earth and they go to the golden throne and then we we put them in to power the grolden throne so that the god emperor can stay alive and his uh and his great golden iron lung and then of course he allows inner space travel and fights the warp creatures because of it that&#39;s where all the bodies go next what&#39;s warhammer hey an open mind is like a fortress with its gates open and unguarded charles you have beehives on your ranch not yet but i will get into epic culture working my way there are you working on ethereum classic yes we have whole team on mantis completely separate from a cardano team but they&#39;re doing real good work really good work ketchup why help ethereum classic well because it&#39;s the right thing to do that&#39;s simple i mean i was the founder of the ethereum project and whether they want to acknowledge it or not or care about it or not there were two social contracts one was coda&#39;s law and the other one was world computer victaulic chose world computer and code&#39;s law didn&#39;t get a lot of love and so i chose to put my money in time where my office and go and work on that and make sure there&#39;s at least a second option it&#39;s also good because it gives me an ability to work on ethereum technology and get an understanding of what&#39;s happening there without directly contributing to ethereum [Music] any involvement with the libertarian party both the republican and members of the libertarian party have asked me to run for office in various different posts i and i&#39;ve always said no i lose a lot of traction if i was to go into the swamp of politics directly charles any time for gaming if so which ones well i do own a game development company our first product will be crypto bison and we&#39;ll announce that at the conference you guys are really gonna like that uh and uh yeah i like rpgs i really enjoy a lot of classic games like legends of valor and the gold box engine and so forth uh there&#39;s some really cool new things like uh pathfinder king maker and the recent sequel that they&#39;re doing i just love the whole crowdfunding model pillars of attorney was also a great um world game world and you know i&#39;ve been excited to see where elarian takes baldur&#39;s gate three because i was such a big fan of the baldur&#39;s the series actually if given an opportunity a privilege of a lifetime would be to remake uh the entire baldur&#39;s gate trilogy and do ballers gate one two and three all as one contiguous game and uh i have a great plot for that you know so there&#39;s been some phenomenal games that i&#39;ve played throughout my life what is the one book you think everyone should read uh man&#39;s search for meaning by victor frankel what is the one book you think everyone should read i&#39;ve you know i i was just uh oh no not that one it was the other question i just saw it it was on music the question was um what what is your favorite music or something like that i was just about to mention that right before i did this ama i was listening to everyone&#39;s winner from hot chocolate i love the guitar there it&#39;s just amazing it&#39;s like the bass in um in the meantime from space hawk you know there&#39;s just like certain parts of songs that are so epic and if you could string them all together they&#39;d be really cool uh [Music] the beetles are the stones why not have both actually speaking of the beatles uh something super cool happened recently i i rarely talk about these mofi fan points so hard on it so when you&#39;re a verified user on twitter when another verified person follows you it comes up in your feed and you know every day hundreds of people follow me because i have over half a million followers but verified users only a few per day usually so i always take a look and see who followed me and so forth and completely out of the blue sean lennon john lennon&#39;s son followed me i was like oh my god this is crazy so now they&#39;ve followed me i can pm them so i sent him a pm and i just very innocently said hey if you ever have any questions about crypto let me know and he&#39;s like oh wow it&#39;s so cool to meet you charles i was like oh my god sean lennon thinks i&#39;m cool this is so cool because yeah i love john lennon i also love paul mccartney i&#39;m one of those guys that can love both and you know i remember parachuting all these other songs that uh sean did and john looks exactly like and sounds exactly like his dad so so that&#39;s a cool little beatles connection but i also saw the rolling stones in concert and they&#39;re just amazing you know give me shelter and can&#39;t always get what you want and wild horses there&#39;s um monkey man there are so many amazing stones songs uh and so yeah just depends on the mood and where you&#39;re at some days you&#39;re in a hey jude mood and some days you just want to paint it black and why not have both yeah i still do get starstruck from time to time you know i meet so many amazing people and cool people and uh you know it&#39;s just crazy how many people are in the cardano ecosystem or at least like cardano or its mission and uh and you meet them and they&#39;re like wow you&#39;re charles hoskins i was like what the [ __ ] are you talking about you&#39;re the famous one i&#39;m the fan boy come on the roles are reversed get back into the natural way of things um just goes to show you roster scala scala [Music] elizabeth warren asked you about cardano well good for her happy to have a conversation herschel walker thoughts okay i saw him at uh at cfd cheyenne frontier days and i was looking i say holy [ __ ] that&#39;s hershel walker and the second thought that went through my mind is how the hell is herschel walker still so young my dad grew up watching her show walker he&#39;s 64. herschel&#39;s 60. uh and he looks like he&#39;s 30. the guy is just built like a goddamn tank he he&#39;s in phenomenal shape uh so i went over talked to him and took a picture with him but apparently he loves the rodeo and he was just out at shine frontier days all rodeoed up got a cowboy hat and all that other stuff saw him both days saturday and sunday he&#39;s having fun up there but really nice guy really really nice guy super humble okay um thoughts on tom brady i think tom brady is going to be president one day it&#39;s just going to happen thoughts on pink floyd synchronization etc and fibonacci retracements when applied to krypto wow what is that plant behind you that&#39;s a mother-in-law what&#39;s your favorite nfl team you used to follow the denver broncos but uh i really cared about nfl for a long time you ever gotten knocked out yep and i deserved it who is john galt well carpenter i&#39;m so glad you asked i&#39;m now going to start a 36 page speech where i will tell you who john galt is and galt&#39;s gulch and uh and then it&#39;ll just go on and on and on in one unbroken sentence and train of thought and then at the end of it somehow you will be convinced that my libertarian ideology is truly the way to go thoughts on modern monetary theory uh there&#39;s a parody music video on uh youtube that reason put out uh and it&#39;s a play on what ass [ __ ] with uh it&#39;s called fed ass printing i would highly recommend that you listen to that some of that fed ass printing uh and uh yeah that i think sufficiently captures my thoughts on mmd [Music] is um [Music] [Laughter] 33 you son of a [ __ ] will humans ever be able to travel speed of light no and that&#39;s not the point the point is to find a way to bend space in such a way that you can go great distances without having to travel the speed of light like the kubrick drive or things like that how to do that i have no [ __ ] clue super mario kart character who would you pick i was always the turtle in the super nintendo version of the uh my brother would play the princess character and he was a master of rainbow road and it was really frustrating because i i could never beat him at that level he was really really good and i liked bowser you know and i thought he was pretty cool but i was terrible at driving bowser do we really need self-driving cars yes they will save 50 000 lives every year mushrooms or micro greens what about micro mushroom greens ah your thoughts on bob lazar uh that was the ufo guy right uh and then uh then there was also um art bell and george nori and the rest of the gang uh yeah i i used to do a lot of late night work and i&#39;d listen to art bell and george nori and they always have the craziest guests on they talk about paranormal stuff and ufos and these things i think that that&#39;s my my kinship with long-haul truckers and security night workers and night shift convenience store clerks we&#39;d all be masters of the george nori coast to coast am yeah exactly right do you actually drive a lamborghini yes i have two lamborghinis an aventador s and a huracan evo and i learned how to drive them properly put 22 000 miles on them it&#39;s a lot for lamborghinis i like fast cars ar-15 or an ak-47 so if i&#39;m on my ranch up in wyoming that&#39;s a winchester 1873 and if i&#39;m down here in the farm an fn scar charles won&#39;t acknowledge the financial crisis coming up because it will affect the price of ada yeah internet person mean why why person mean internet mean we print six trillion dollars money doesn&#39;t mean anything anymore it really doesn&#39;t is this is all made up nobody knows what the [ __ ] is going on anymore i mean it&#39;s just like why don&#39;t we pay taxes you know it&#39;s just madness the whole thing is madness uh yeah of course there&#39;s a crisis coming there&#39;s always a cri every 10 years is a crisis price eight goes up price a goes down what the [ __ ] does it has to do is the price of t in china it&#39;s not my business markets sort themselves out now this is perhaps the most interesting philosophical question i&#39;ve gotten in a long time is a hot dog considered to be a sandwich has a bun like a sandwich it&#39;s got a filling i&#39;d have to say technically speaking it seems to satisfy at least a cursory definition of a sandwich hmm the bread can&#39;t be connected like a panini they cut it in they put the stuff in still has that little nub so it&#39;s like a pocket just like a bun is a hamburger a sandwich i think it is i&#39;ve seen hamburgers listed under sandwiches on a menu before what do you guys think is a hot dog a sandwich this is these are the things that keep me up at night to be honest with you uh hmm interesting question do you believe in time travel you don&#39;t believe in these things either they&#39;re possible or not um i don&#39;t know it seems like it&#39;s possible there&#39;s nothing in the laws of physics that would prevent it alex michinski too two men to enter one man leaves thunder crypto mashinsky hoskinson yeah all right [ __ ] it we&#39;ll get crypto crow to do it and we&#39;ll put something together for it charles do we wash our hands or do they wash themselves or as we always say in spanish las manos how was lex as a person he seems like a great guy absolutely great guy really enjoyed my time with lex friedman we spent five and a half hours together and uh i hope to see him again i really do he&#39;s a cool guy what you see is what you get he&#39;s completely the same in person as he is on the podcast there&#39;s no persona there that is just vintage lex but he wasn&#39;t wearing shoes when i saw him so he had the suit on no shoes that&#39;s always that right it was like um peter cushing when he was uh grand tough marking and uh tarkin and star wars new hope uh he actually didn&#39;t wear the boots because they were too uncomfortable so he just wore slippers and he was so tall and all the camerawork they never saw shoes the more you know charles when do you think corona will end oh corona is the hotel california of pandemics such a lovely place and you&#39;ll never leave you can check in but you can&#39;t check out corona is like the two twins in the shining come play with us forever and ever and ever what was your main class in world of warcraft i never played world of warcraft i played eve and everquest those were my only two uh do you an awesome german was nine i do not have you ever used a cpap machine to get more restful sweetness to sleep no are you saying i&#39;m fat you son of a [ __ ] got to sleep apnea you people are so hurtful ah your favorite porn star there&#39;s a story about that dave smith for president no no president john henry eden a new america and bring back the capital congressman when are you coming on crypto banter it&#39;d be great episode yeah one of these days we&#39;ll get on to it i&#39;m going to start scaling up interviews again as we get closer to september do you own stock in novofax no they&#39;re an incompetent company they have a great product but i&#39;m absolutely convinced the executive management needs to go um they should have easily easily been able to release by now and it&#39;s just obvious partnerships like the first thing i would have done after gsk failed call up sanofi it&#39;s like come on we&#39;re together let&#39;s figure this out i would have gone to japan and done the same thing especially the uk data came out and made a deal there they just they couldn&#39;t get it done uh you know so it&#39;s just because they&#39;ve never actually launched a product in their 33 year history but yet somehow they actually have the best goddamn vaccine on market well potentially on market it&#39;s crazy it&#39;s absolutely crazy and there&#39;s brilliant people that work for nefavax too really brilliant people then you tell me alex i like why can&#39;t they get anything out it&#39;s been 30 years since you were there can mathematics define free will look up conway free will paper on google there&#39;s a lovely paper about it that john conway the famous mathematician wrote not too long ago before he died that was a great loss i missed john thoughts on helium mining helium-3 mining on the moon with clones boxers or briefs or boxer briefs which i wear and now you know have you ever taught mathematics yes one of my favorite things to do unblock me on twitter well you&#39;re blocked for a good reason person i&#39;ve never met and don&#39;t know what you&#39;re talking about but if i blocked you i blocked you for a reason you&#39;re blocked girdles incompleteness theorem applying to blockchain words words that sound sophisticated other words that sound sophisticated glue them together okay yay oh god oh i&#39;m tired all right we&#39;re gonna wrap it up here in just a little bit ah how much are you worth i don&#39;t know 2.5 billion but who&#39;s counting your thoughts on the stoned ape theory the stone ape theory is a theory that apes ate magic mushrooms at some point that gave them the ability to have higher order thought which in turn forced their evolution towards becoming the homo sapiens we&#39;ve come to know and love today uh and that is the stone date theory i heard it first on the joe rogan podcast pretty cool idea it is actually interesting if you look at fossil records in the history of humanity there was over 20 different types of hominids it&#39;s somehow our division won out why well somewhere along the way a group of hominids developed the ability to abstractly think and kind of go to the future in their mind and go to the past and this gave them this incredible superpower to actually organize and make weapons and plan and within just a few hundred years they eradicated everything in their way so the question is how do we make that leap where we are stuck in the present to being able to consider the future and build complex societies and religions and these types of things and some people believe it was psychedelics that helped us with that transition but there is no evidence for that yet are you a sound sleeper or do you lie awake at night thinking about all this stuff well brett i&#39;m glad you asked okay i sleep like a baby i wake up every two hours crying ass or tits asking for a friend ass that&#39;s where all the action is that&#39;s one of the things that sir mix-a-lot i we just bonded over that flavor flavor you&#39;re so awesome charles hahaha you gotta have fun with life guys everybody takes life too seriously enjoy it you only live once yes you got it dude you do see this this guy this this guy&#39;s got it figured out [ __ ] yeah favorite comedian george carlin and uh dave chappelle diablo 3 or path of exile nutta the spiritual successor to diablo 2 was grim dawn may i have a job as your assistant mr hoskinson from connor mctap out well connor mctap out apply we&#39;re hiring i am looking for an ea [Applause] do you think mathematics was invented or discovered this is a really interesting one and you can go from roger penrose to joel david hampkins to jeremy avigad there&#39;s dozens of different opinions that float around i think both to the extent that mathematics was used to map and discuss physical reality as a formal language that is a discovery because you can learn things about reality as a consequence of the mapping and then as a formal language unto itself disconnected from reality that&#39;s an invention where you&#39;ve created you&#39;ve constructed a game and then you&#39;re actually building the game out and you&#39;re discovering what the implications of the game are so there&#39;s a very famous paradox in mathematics called the bernanke tarski paradox and basically revolves around what are the axioms in math the axiom of choice which is a very innocent axiom it basically says that if you have a set you can pick an element from it okay and it doesn&#39;t seem too problematic but what tarsky with the banana rc paradox basically does it says if you admit this axiom then you can take a one ball break it apart and make two balls through a finite collection of steps which is not something you should be able to do if math was connected to reality but it&#39;s perfectly legitimate to do if you are talking about it as a formal language because you don&#39;t have this presupposition of the rules of reality as we&#39;d expect them to be so you can permit both actually at the same time it just depends upon how you use the language to facilitate discoveries about the world and then it becomes a companion a somebody on a journey with you and then on the other side it&#39;s something of its own nature and what&#39;s so cool about inventions is you actually don&#39;t know where they go it&#39;s like cellular autonomous these types of things you start with the rules and just let the system evolve like wolfram for example did this wonderful uh three hour presentation on nfts and stephen was just up there just creating ali&#39;s atomic automata and creating nfts out of him he had no idea what they were going to look like just generated them and he said oh oh that&#39;s pretty let&#39;s make that so that&#39;s the invention side of it but that&#39;s one man&#39;s opinion our science and religion basically the same thing no here&#39;s the big difference science done right is an observation game you&#39;re born with capabilities organic computation your five senses and ways of storing thoughts and then methods heuristics to analyze them the key part of science is reproducibility so the idea is that an apocalyptic catastrophe can happen and the human race resets at some point we&#39;ll rediscover gravity and rediscover the standard model and rediscover the wonders of biology through observation and organic computation religion has no rediscovery once a religion dies like for example uh the atresian mysteries uh you know the greeks had where they go on this um you know amazing ceremony for demeanor that plato wrote about and others what what what was that all about what were the ceremonies where the lessons learned there what&#39;s the great wisdom to grok there&#39;s no notion of rediscovery there it&#39;s gone if the all copies of the bible were destroyed and that gospel is gone uh then there would be no one left to reconstruct it the way it was so even if you reread a bible how would you know it actually connects to what was practiced and preached so many years ago so that&#39;s the big difference between these two things is the ability through some sort of natural anchor to rediscover things versus things that were written down now one can argue there&#39;s this notion of natural laws and natural ethics and that that somehow has influenced religion in a certain way and so that just by observation and heuristics about social structures some of the things that created stable structures will work their way into all religions and actually there&#39;s a reason why religions have fasting components and restrictions on diets and things like that those came from a lack of availability of food or cleansing component or the fact that certain food sources tended to be contaminated especially pork so religion can be heavily influenced by actual natural events and things like that usually those are connected to the facts and circumstances of society as they are so the religions of the future will deal with problems humanity has that are contemporary so we don&#39;t think about war famine diseases anymore now we think about meaning and joy and purpose we think about globalism and interconnectedness so there&#39;s theta ism and the singularity cults and these types of things that are coming out and those are the religions of the future that are being formed and they solve very different problems not about how to feed you or protect you from disease or deal with war more about how to actually be happy in a life that&#39;s increasingly more complicated and difficult i&#39;m a barber charles i love so much to give you a haircut no i want to keep my hair it&#39;s falling out i have to keep it as long as possible do we need new religions we will invent them okay i think we&#39;ll clip it right about here and as always my friends we end each and every one of these with that same thing wow hey micro finance loan one of these days we&#39;re doing on cardano we&#39;re getting closer and closer to that day so here&#39;s kiva and we have 438 dollars and 16 cents available to lend so let&#39;s go ahead and take a look let&#39;s see here south america central america africa eastern europe uh let&#39;s go to the middle east today how about palestine let&#39;s see what we got [Music] off off let&#39;s help her out let&#39;s go here and what is she uh she&#39;s appears in photos a wonderful hard-working woman who tries her out most ride her family with a decent life she&#39;s 30 43 years old a refugee a mother of four kids living in bethlehem west bank she works selling clothing from her home in order to help her husband with family expenses she turned the palestine for credit and development the f-a-t-e-n to request a loan to buy a new collection of clothes for her work this will increase her sales enhance her income well let&#39;s give her a shot how about that see the checkout out and uh we&#39;ll give her the full amount we always do a donation to kiva at the same time continue and what we&#39;ll do is we&#39;ll go ahead and stop screen sharing while i log in complete order share share screen thank you that&#39;s pretty cool all right let&#39;s take a look how the portfolio is doing so for those of you who don&#39;t know we uh we lend money all around the world we have el salvador haiti philippines mexico cambodia senegal togo peru kenya palestine and some are being repaid and some are getting there you know just depends on where they&#39;re at and that&#39;s okay if they can&#39;t repay and so far a total of four thousand eleven hundred and nineteen dollars and forty five cents have been uh are outstanding and 5300 have been deposited so it&#39;s a nice little economy and eventually we&#39;ll have an interface like this on cargano and you guys can do that and change people&#39;s lives it doesn&#39;t take a lot to change people&#39;s lives it doesn&#39;t take a lot to dream and the reality is the problems of the world are caused by people no brighter than you and the solutions of the world are usually created by people no brighter than us so all we have to do if we want to change the world change ourselves and find something to help people out with it could be a micro finance loan uh if you have the means to do that or it can be just helping your local community or it could be writing some code or these types of things uh and my hope is just to get people to sign on to that mentality and little by little as the systems improve eventually we&#39;ll get to a point where we don&#39;t need kivas and we don&#39;t need microfinance because we just live in one global commons and each and every person to the merit and their character are able to rise we&#39;ll get there one day and uh we&#39;ll get there together that&#39;s the point of our industry thank you all for listening it&#39;s good to be back and i really do enjoy these amas and i look forward to giving more throughout all of august and i&#39;ll be doing a lot more interviews in september as we get up to the conference talk to you soon cheers

MACHINE-GENERATEDSOURCE ↗

Surprise AMA August 1st, 2021

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