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and we're live hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado always warm always sunny always Colorado except four times it's not you know I took a logic class many many years ago and the professor reminded me to always speak in tautology z-- because you're never wrong except for the times you are and you can see my french frock room huh yeah you get a french sitio you just start getting very french about everything you do how's everybody doing you all having fun it's been a fun few days I've gotten some off the wall crazy Twitter commentary uh in many different directions I've never really seen anything like this I I have a few occasions I just blocked somebody over Twitter yeah you know saying how dare you print a new eight out of thin air you're a horrible human being and then he hashtags the sec and then all these other things so I got a rule if you say you're gonna sue me or you say you're gonna report me to law enforcement or crime or some regulatory body I will block you never talk to you ever and there's nothing you could ever say to get off of my [ __ ] list you're on my [ __ ] list forever and ever and ever and ever 35 years from now you could be sinking in quicksand I'll let you sink through okay that's just how that is you know the amount of misinformation FUD and in just pathetic stuff that i've seen in the last 48 hours coming out of this is is extraordinary to me and just shame on the people who are peddling it it's stupidity beyond belief you know we said hey we have this network we launched back in December and basically a lot of people showed up and turned it from an experiment to a real cryptocurrency now it's real because it is decentralized it's run by a very diverse group of actors it's a full peer-to-peer system and it's just running and at any time any one of those groups of people a subgroup of them could just make the decision to keep it run and keep it going indefinitely if they wanted to okay I don't decide that it's there it's running that's what it is now it no law or connected to what we're trying to do with card ah no there's a social contract about the existence of the ITN that is coming to an end it's ended on the 19th and we as a community have to decide is it in our best interest to keep incentivizing the group of people who keep this network alive because perhaps they can provide value to us in the future somehow someway and we can think about it as a community at least until the hard fork occurs and if we can't come up with anything okay if we can okay that was a whole point somehow that got transformed into we're creating a new coin it's gonna split the value of ADA between two things and it's a wealth transfer - I ohk seriously if this is what you believe you're an idiot just a pure undiluted idiot get out of crypto you know just get out of crypto and have some goddamn respect it's it's so frustrating and annoying you know you can say seven different ways the same thing and no matter what you say people just hear what they want to hear her you know we created something with the ITN and a whole bunch of people showed up and turned it into something else and we as a community have to make a decision is that a value to us and how does that work so that's a question you might have all kinds of opinions like no it's of no value to us or yes it's so valuable that I'll give you my left hand for it and everything in between okay and it's okay to disagree it's okay to have any opinion you want that's the point of a democratic process but then to say and then to say well because I disagree with you or whoever is presenting what you are so bad that you've now become a criminal is it just extraordinary to me and it just shows the childishness of some people in this industry in this space shame on you shame you know this is we have no place for this you know none what so ever so anyway that that was my morning you know I I tried to home every down with a video and maybe that doesn't work and you know so I just be more direct and more blunt with people the state pool operators are definitely the vast majority of them interested in the prospect of finding something else to do with the ITN they left their pools on and are right now keeping the channel live for no money okay that was their decision not our decision they're just running at a loss right now and we'll prepare a hard fork and a vote system and then people who hold it I can make a decision what they want to do whether they want to extend the social contract to include an additional month of compensation for that group of small business owners so that we can find something for them to do or they don't want to do that it's a vote and people get to vote okay and we'll see what happens and if it's a or B it doesn't matter to me I say okay it is what it is and we all move on now no matter how that vote turns out a subgroup of those stake pool operators could wake up the next day and say well [ __ ] it we're just gonna fork it ourselves and change the monetary policy ourselves and create our own coin call card on all classic I can't stop them understand that I can't they can go and do that any day they want in any day of the week that's the point of decentralisation so we as a community have to understand that that's where we're at there is no top-down control here I don't sit in an ivory tower make decisions for people the community makes these decisions now okay that's why I made my videos on propaganda it's why I've been talking about politics it's why I've been talking about power to the edges it's why I went around the whole world the 52 countries presentation after presentation after presentation after presentation saying think for yourself and you're soon going to be in charge and for some people they're just so insular they can't they can't get there and they start thinking oh well that's great we I agree I agree I love the philosophy so you're gonna do X right as well even if I wanted to I can't that's the point of this is that it's true a decentralized ecosystem and look I can have an opinion I can try to influence people I can try to tell them hey or B or X or Y or left or right and maybe they listen to me maybe they don't but if they don't they're just gonna do their own thing and understand that sometimes your own thing is not necessarily the thing you want to have happen it's not necessarily the thing that's in your financial best interest and that's the way the world works welcome to diversity welcome to differences of opinion welcome to democratic processes welcome to being part of something that is more than five people that's just how the world works so uh so yeah I mean I just I know we'll get there we will you know it's just a bit of a shock for people when you leave the cradle they they have some difficulty with it and as long as people are civil I'll be civil as long as people will you know treat me with some modicum of respect I'll treat them back with respect there are thresholds I have if you cross those thresholds you're on my [ __ ] list for the rest of your life but outside of that you know overall things are working pretty well I'm just perplexed by some of the beliefs that people have and no matter what we say or we show they don't seem to actually change their beliefs they've just dug in and they're going for it so much so that they're creating threads here and tweets here and so forth you have to deal with these and you know it's the next step in the evolution of cardona we fully knew that this was happening I remember when we started aetherium way back in the day everybody was friends at that beach house in Miami and then money got involved and then it became Lord of the Flies and then all said it was a race for who could get control over those funds and pushed them in whatever direction that they wanted for power and control and you know certain size one and then they for a while what in a certain direction and they went to a different direction and then everybody was friends again and like everything was great till the DAO hack happened and then created a theorem classic that's what happens when you introduce controversy money power or other things when things go a little bit more nuanced suddenly people have to have an opinion and then all those implicit understandings of where everybody thought that they were on the same side they're not and they start skewing a little bit great ecosystems can work their way through it great ecosystems find ways to to overcome bad ecosystems they're just become self-destructive and they spiral into death and so far the overwhelming majority of hartano ecosystem are still friendly and are communicating with respect dignity and that gives me a lot of hope and I know there's a long way to go and a lot to do but overall this is actually better than my experience is in the past with other ecosystems and communities so that's that's quite encouraging I lived through the whole Bitcoin Bitcoin cash thing the etherium etherion classic thing I lived through NXT 'z collapse I lived through a lot of stuff in my career the cryptocurrencies space so I've seen far far far worse but I laughed sometimes when people say some just batshit crazy things or they hold batshit crazy beliefs is what it is okay so let's get to your questions it is a wonderful time for an AMA it's beautiful day outside it's always always fun to talk to you okay hello Charles from the Russian community privyet can you tell please can we count on the Russia fication of Daedalus and you ROI wallets the foreseeable future I assume you mean localization to Russian language in Cyrillic text so you know I'm pretty happy to say that we have a lot of great Russians in the community for example Alex Tripp annoy did a really really good job in his early days working with iogic a research and that led to score X and it led to ergo and lots of cool things as a consequence of his collaboration with us and we've always loved working with our Russian partners where and when that makes sense and it's a big ecosystem it would be nice to to ensure that we have um localization not just into Russian but also into other dialects we've been for example really keen to do something with Korean really keen to do something in Chinese not just for Dedalus but also full and end documentation so when the Treasury opens up I think that it's going to be good business for people to provide professional localization there is some conversation about community participation the problem is that not a lot of people who are willing to do the work are actually professional translators so you get a huge amount of variance of quality and I can't read Russian so if you know a community member helps with that localization I can't read it to know if it's actually done right or reflects what we're saying so it's sometimes it's a bit problematic so you generally have to use a professional firm or at least somebody that you trust implicitly to do the job correctly you know they can do that so we'll figure that out you know we already have translated documentation Japanese and we've translated to other languages and we do have people on board who actually natively speak these languages actually we have several people at myoglobin who are from Russia and speak Russian or from former Soviet republics and speak Russian fluently as a consequence of that so it would be is something we could actually edit that's a language pair that we're quite comfortable with we're very comfortable with Greek as well and we're very comfortable with Italian and Spanish and so forth and it would be really cool to have some sometime in some content in Spanish okay and yet we also have a guy here vtc you'll see in the future you fork your own chain you're lying to people sold 500 thousand data today need to pay tax for it it's like okay you completely misunderstood everything we're doing and now you can't back down from lies you're telling people so now you've come to my AMA to go continue to lie to people where am I so there's no economic value right now in testan Aida there's no one to list that there's no utility for that chain other than what we decide for it to be and the community that lives of that chain and there's a large collection of small business owners maintaining that chain right now and we as a community have to make a decision do we wish to compensate them to continue maintaining that because it can provide you additional utility to our ecosystem and that's a temporary thing you've inferred from this that we're creating a second coin that that second coin will be listed on an exchange and there's a plan for that there's not and that that will dilute value out of ADA these are all lies in delusions in your brain but you somehow are so connected to those lies that you have to sell all your ADA then call us all scammers call me a scammer and by the way I'm not even doing this I'm not actually doing anything the community's making the decision mr. C the community's making the decision of what they want to do they vote A or B in a vote hasn't even happened so I'm a scammer and a horrible human being for something that hasn't even occurred that's not even a plan that I don't even decide you're an idiot you're just a pure idiot but you can't admit that because we live in an age where no one backs down when people are challenged and they know they're wrong they don't say they're sorry you're right what they do is they double down and they say you're wrong and truth doesn't matter objectivity doesn't matter you know it's just it's extraordinary you know and I said as an offhand comment if we found use in utility for this system down the road and it was divergent from card on oh yeah of course we could pursue something there you go but that presupposes that it exists beyond the twenty-ninth the community made that decision we found a way to create use in utility that does provide value for Cardno and yes it would be another asset tell me if we created a stable coin wouldn't that be another asset isn't the whole point of native assets on card ah no to have many assets on Cardinal doesn't make a difference if it's a side chain of Cardinal verses it runs on the primary ledger of Cardinal did you [ __ ] think that through no you didn't think that through not at all you just want to call somebody a liar you just want to say we're scammers and bad people go to Twitter and tell people about go to telegram tell people about it tell all your friends about how bad we are are how dishonest we are for something that hasn't even occurred yet a hypothetical that you disagree with and if you really actually wanted to be productive you could have held on to that data and use it to vote but no you don't want to do that instead you want to basically have your cake and eat it to make some money off of all the hard work that's been done and then say we're all horrible human beings and then go ahead and judge us for things we didn't do and what are you gonna say you got a rebuttal do you honestly if you're here you're in my ma now nothing that's always what happens but he'll still be on telegram and still be on Twitter and for the next three years no matter what we accomplish and do he will forever believe we're an illegitimate bad bad project it's ego it's emotion you know you ask yourself why do we have protesters in the streets why do we have so many people so angry why do we have people that can't talk to each other they talk past each other because people are incapable of listening people are incapable of having a conversation anymore it's I've made a decision based on a very sin thin sliver of information and then I'm going to go with that thin sliver of information and immediately infer value judgments about everything else in the world whether medicine works or not whether a person's a good person or a bad person whether a company's a good company or a bad company whether a politician is a good person or a bad person whatever it might be even family members even relationships thin sliver and then for the rest of time I have to hold that opinion and if I violate that opinion somehow well then well you know I know I just can't do that this is why we're in so many problems why do I get so caught up on this guys because this only works currencies only works if you work it's not about me it's never been about me it's not about great leadership it's not about finding somebody on the mountaintop to deliver you and tell you what to do the whole point of what we construct as technology the whole point of how we build stuff is that one day you're in charge completely of your identity of your vote of your money of all these things and suddenly you actually have to think things through you have to be able to handle the new cognitive overhead the fact that all that stuff that was taken care of for you by banks and governments and third parties who said I'll just take care of it don't worry you're in charge of that now now for me that's great because it liberates me from the insanity that I live in today this does madness where every single thing is regulated to death there's doublespeak going on science has become highly politicized and politicized we have the woke virus now it's okay to protest for one thing but you can't protest for the other thing you you won't get a virus if you do that but you'll get a virus if you do this it's madness out there and I think the only add antidote is a return to objectivity the only antidote is to remove human beings from the operation of the systems and let the edges be able to decide because I'm ultimately an optimist I have faith in people I believe you eventually can rise to the occasion if you're not treated like children you're treated like adults and given enough respect for somebody to say you actually deserve the right to decide for yourself it's a very libertarian principle and it's how my country was founded during that time period in 18th century everybody just thought it was preposterous to let the masses run things they say oh no no we have to have privileged betters running things the Divine Right of Kings the the right of nobility the good breeding the good bloodlines they believe this they said if you let these serfs the unwashed masses do things run things vote a set a very limit of whatever you have to give them to prevent them for rebelling within ten years the whole thing will fall apart and suddenly we created a government out of nowhere on the back of a revolution that said no no everybody's equal everybody has rights everybody should have the ability express themselves and yes someone may elevate to a president but after they leave office they're just like everybody else that was a unique experiment and then similarly when we talk about crypto currencies we're doing it all over again we're treating you like adults and saying it's okay for you to be in control of your identity your privacy your money these types of things guys it it won't work it won't work if you if you can't think it won't work if you just live in thin sliver land and you minute that you see something that you don't like you have a knee-jerk reaction take your toys go home and set everything on fire and call every single person who disagrees with you evil or misguided or as scammer okay it's um it's a fundamental truth and the more you realize it the further along we'll get how many attendees for the summit so far the last time I looked it was around 4,000 my goal is 10,000 I'm gonna go on a big podcast surge and see if we get to 10,000 people can you talk about cross-chain interoperability yeah we actually wrote a paper on cross-chain interoperability and we proved some impossibility results you know the the beautiful thing that we discovered is that while you do need some form of trusted bridges occasionally to make these chains talk to each other the state pool model actually is an extremely robust and nice model to facilitate that so we have all these stateful operators they're small businesses and they'll run Hydra channels and you know they're gonna run Oracle services and random number generation circuits and timestamping businesses and so forth it's easy for us to keep layering more utilities on and then basically continue giving them more revenue lines especially if native assets pay fees in their own tokens by the way if native assets pay fees in their own tokens as a side note I when you receive your your money for having ADA you know you get your staking rewards you actually also get the transaction fee rewards from all the tokens on the system so not just the state pool operator we'll get an ETF on all native assets but actually the ADA holder would as well that's a it's a really cool concept but anyway you cross chain compatibility is another low-hanging fruit you can think about the operator basically acting as a bridge to facilitate the communication between two or more different chains to move information and assets and then you can come up with all kinds of really cool federated oversight pairings to verify that the system works and in some cases as long as no more than n minus one or dishonest meaning that it's just one person's honest the system will still be reliable your math is wrong simply human because we have decay so what happens that you have a high emission rate in the beginning in the first seven years we'll get the half the rate and yeah there's long long long long tail that goes on for ever so after a century the area under the curve is basically that 15 billion ADA but you get about half of it in the first seven and then the other half it takes a long time to go through very similar to Bitcoin it took about seven years for half of the admission to be done and now we're on the other side of that but it'll take over a hundred and twenty years before block rewards become negligible and people keep asking what is the inflection point you know where will they make money if inflation goes away and that's transaction fees so after seven years if we've done the job correctly we should be a very useful utilized chain with lots of transactions occurring which means that at those blocks are filled with very tons of stuff and every one of those pays a small fee it is valuable they pay a small fee summing that together means that the block reward should be still quite lucrative for the stig full operator so it'll be a time where you actually make more money from fees than you make from inflation there's some sort of inflation fee deficit inflection point but it's just like an oil well by the way if you're drilling for oil for a few years you get about half of the yield of the well then you get this long tail over like 30 years for the other half it's the same type of a mission he moderators come on don't be sleeping greetings from the Turkish community Turkey's a very beautiful country amazing food amazing people incredible history especially the thousand years of the Byzantine Empire greetings from the United Kingdom there we go are there any major updates planned for Pluto's beyond what has already been launched yes we will talk about Pluto's extensively at the at the virtual summit card on a virtual summit you guys are going to like it a lot Michael good to talk to you greetings for the beach in Florida Michaels one of the many doctors that follows card on own is very good for this session he was also a technologist wrote lots of code back in the day it's a rare combination hello from Ireland Connor how was my how was my Irish accent I did my last AMA did you see it wanted to ask about security audit which is non-static well that happened before the main net fork no we we have an internal auditing team that does that work but we won't procure an external audit for non-static because I mean the that's one of those how long is a piece of string type deals you can spend huge sums of money chasing an ever smaller set of concerns and it's better to run these things out through test nets and formal methods you'll discover a lot and Haskell does bias a lot of things that C++ and Java just simply don't have I would like one saw to do a very extensive antenna audit beyond what was done by route 9b and broaden the scope of it but that's a it's a bit of a thing Charles do you think transparency is a strength of Cardona wouldn't the idea to gather all transparency reports like audits and a single page topic transparency that's a good question they used to have that on the on the webpage the Cardinal foundation web page and I think with the new card out org webpage it'll be somewhere but it's a bedrock of the stuff we do it's a bedrock of the ecosystem as a whole and you know we try to publish everything all of our code is open source every time we have an external audit we always publish that audit report we publish addresses and all kinds of things the problem is that sometimes they're a little scattered and so it would be nice to put it all into some bucket somewhere but then you know we have to provide some context about it and go through that but overall more transparency the better come on mods do your job Joe Rogan remember our quote guys Rogan after Gogan would you hire nick szabo to work on Goggan smart contracts no Nick's a brilliant guy I've actually met him and interacted with him many times throughout the years and he's the pioneer who basically first started writing about smart contracts I believe the paper the seminal work came out in 1998 and he was talking about an algorithmic society he often is quoted about wet code and dry code and there's certainly a lot of value there and I think he'll like what we do because it's very close to Bitcoin but it's like useful Bitcoin that said really the group of people that we need to hit the hardest are the Haskell developers the Haskell community and we know where to look for them what to do to get them so as soon as we have all the capabilities in place we're going to be super super aggressive with getting getting Haskell developers into the ecosystem and I think you guys will be pretty happy with the output there can you explain the yellow virtual machine yellow was a project done by grigory ro Shu and run time verification and yellow was basically a translation of LLVM merged with concepts from the EVM so it's a register based assembly virtual machine and because it has a lot of similarities with LLVM it's very easy for compiler engineers the write compilers to yela the other thing is that it's mostly EVM compatible so if you write solidity code you can get it to work quite easily on on yella except for the really really bad solidity coat like the dao code for example won't compile to it and the point of yellow was because we constructed it from semantics meaning that there's a que definition and you can actually generate the back end from que was to have a universal system for all programming languages functional and imperative they all you have to do to support a new language would be to write the k definition of the language so and that it'd only take a few weeks if you have talented people and good tools and then you register that and then suddenly be able to write smart contracts in that language so you write once a k definition for a version of python and a version of ruby and a version of java and a version of javascript and that all the tooling is just automatically constructed and then use something called semantic space calculation translate that smart contract to run on yella it was an incredibly ambitious piece of computer science we put a lot of money and time into it we didn't quite hit our KPIs and that's one of the reasons why it was deprioritized in the roadmap but i have for years been trying to find a way to pull it back in where and when it makes sense and i really really really really hope that we can achieve that somehow this year or next year the RV guys are actually going to come to the virtual summit present about what they've accomplished with K and yella since they were with us and it's a lot and if we could find a way to bring them back in I'm all for it I think it's just a beautiful enhancement to the roadmap no marketing has been seen for ADA if that was true Sean do you really think we'd be in the top ten I think we've done a very good job introducing the concept of the project to the to the ecosystem the challenges that we haven't really done a great job of explaining how use and utility is going to work its way through but that will happen and it'll happen commiserate with when the platform is ready for it and it soon is actually Gogan was selected because of Grigory Roshi Goggan was his advisor when he was at UCSD yeah but that's crypto dot-com coin it's not a real crypto currency don't even know what it is it's just another one of those project tokens what are the odds of seeing Hoskinson on a ballot I am definitely not gonna run for office not in this environment not in any environment I love my life it's a great life it's relaxing and enjoyable and you know for the most part people who dislike me they have a financial incentive to dislike me but when I run into people on the streets or they see me they're very positive and nice you ran for office in the United States first off half of America hates you half of your community hates you you're not just the other side the other party the guy I disagree with you are evil pure evil undiluted evil Hitler Nazi Satan they just use these terms you know they put your face on on Hitler's uniform and and that's your life now that's before you make any decisions okay then no matter what you do wrong you're deified by the other side and you can do no wrong so you have horrible conduct and yet they'll all as long as you're in power fight for you the minute you're no longer in power of course they'll throw you off the side of the rails and if it's politically convenient to boost you they'll boost you so and then when you die and if you were popular during your lifetime then everybody tries to tear your corpse out of the grave and pretend like you were their best friend the cult of Ronald Reagan is the most recent example of that so why run for office in that type of environment it's ego vanity and a desire for power for the sake of power and for what so you can not change things you want to change things you get into office do you actually change it no whether you're Democrat Republican the system works the same way that's on a theory and possibly pursuing proc pal you know we actually implemented a variant of Prague pal for another related thing and it's a good consensus algorithm but the fact that they're pursuing it tells you that there's some skepticism about their ability to move to proof of stake it makes no no sense no sense at all to go and do a proof-of-work algorithm if you think your entire eco system is going to move over to a proof of stake algorithm in six months why why would you even think about it why would you even have the conversation it's a distraction by the time you added it right the code think about it get it ready for integration you're already on proof of stake in which case you fired all the miners so what you've done is given the miners and a basically a better algorithm for a competing chain which will run against your own community the people who didn't want to move over so so no no I don't think so it it's just bizarre to me why they went down that road hi from Iran in Tehran lovely country amazing food beautiful place great academics strong mathematicians is really a shame that Iran is not friends with America you know because it's a country that actually I'd love to go and visit but unfortunately I can't thanks for being part of the community it means a lot to me when will we have a game on card on oh you know for the legends of Valor remake I've been thinking about legends of Valor a lot actually it's uh it's almost like George Washington when he was fighting the Revolutionary War he was always designing Mount Vernon and he was doing various things there sending letters right before battle talking about some Eric irrigation ditch or something to his family so similarly you know when I am waiting for a meeting or you know I have a little bit of free time I've been reading books on magic systems I've been reading books on game design and you know also just doing an historical analysis of all the major games that have come out since the 1980s kind of walking through capabilities and thinking about different game design mechanics like the concept of permanent death and the concept of permanent injury there are some games that have that like Diablo famously had the hardcore mode if your character dies erases your save and your character's dead forever and there's a lot of games that have done that permanent injury means like someone blows off your hand it doesn't just regrow you know you actually have to find a way to get a new hand or else you live with that disability for the rest of the game these are really interesting game design mechanics and it's something that is under explored underappreciated good magic systems as well or under explored and underappreciated they have something called Vance Ian's magic systems where basically those are like D&D where you have spell levels and spell amounts so you memorize a set amount of spells and then you exhaust that resource or you use mana and you exhaust that resource but there's alternative ways to do magic systems that don't require that so there's a lot of stuff to think about when you actually start looking into these nuts and bolt so then you have to think about the game world environment so is the terrain D for me at the player can break stuff like trees and wood and buildings and so forth minecraft is a great example of like ubiquitous deformity outside of the bedrock the very base of the world every single block in the game can be influenced by the player character it's very simplistic game mechanics but a very prominent game and there's been some third-person shooters the first person shooters excuse me that have come out over the years that actually allow you to to destroy everything I think there was one on Mars or something like that's in that setting I can't remember the name of it right now so deformable terrain is a really interesting game mechanic because all the things you traditionally do like you know there's a puzzle you'd have to solve to open the door to get to the chest to reveal the treasure a normal game mechanic the player has to complete that puzzle to get to the chest and game mechanic where terrain is the formula Bowl you can destroy it the player can just simply break the wall to get to the chest you know and whether that's good or bad is you know hard to say so so there's a lot to think about there and then there's mechanics like survival one of the things that was really exciting about the original game of a original legends of Valor game was that it was a very harsh game experience so basically you just you just arrived in middle dwarf you really have no guidance you don't know what you're doing you don't know how the game works you have limited money and limited resources and your food and water bars are going down you have nowhere to stay nowhere to sleep and just kind of figure it out you know so it takes a few playthroughs to get enough game experience before you actually get to a point where you can just survive in this place which was just a life fold for a 1992 game I really enjoyed that it would be cool to replicate that experience with modern game mechanics of really showing that you're you're nothing divinity to original sin that was there was another where the player was in a very harsh condition so you're kind of taking prisoner on a ship ship sinks and you wash up on shore you're like in a prisoner's collar you have the rag you know clothing on and it's hard under the normal game settings to actually survive or like you could be attacked by anything and those things are pretty challenging to kill probably the hardest game was wizardry for it to actually be able to survive so there's a lot of that to think about like do you want to just have a hardcore mode for for games or do you do you want to you know have it be more casual I think that games have moved in such a casual direction in such a tight scripted direction that it would be refreshing to have a completely unorthodox magic and gameplay system and they have a completely unorthodox games world where you have permanent death permanent injury and also it takes a few playthroughs before you get to a point where you actually comfortably survive and maybe you're never quite comfortable you know maybe we can always figure out a way for that so in terms of can we merge that with blockchain mechanics certainly on the DRM side it can be done you can issue a game license token means you also can sell your game to other people and create royalty systems for that and then of course we could consider perhaps in-game special items that only appear as a consequence of having certain things if you actually have a token you can actually get those in-game items so that's kind of like a micro transaction model but it can be facilitated with a blockchain so once I've created it it'd be quite a bit of fun to actually see if we can find some cool blockchain stuff that can be done and write some sort of smart contract on card I know that can interface with the game another option would be actually kampala note of card on Oh with the legends of Valor game so anybody who installs legends of valor is actually running a node and basically supporting the network by providing peer-to-peer and relay services not even knowing it perhaps so you know they just put up the game play the video game but in the system tray is just sitting there maintaining the work so even if it doesn't provide a direct monetary value to the system it would provide a resilience and support value because the video game we actually keep card on all alive cool stuff the name was Red Faction that's right it was Red Faction that's correct how can one play legends of valor oh that's a good point since I own the game now I can I can always do that yeah if you guys can just google legends of Valar download it's about abandoned where and other places consider the original game to be open source at this point I've open sourced it congratulations so you can download it the old copies for free and play it on dos box and you don't have to pay any royalties it's all yours there you go see these are cool EMA's like stuff is actually done in the AMA you're in for quite a treat did she ever play ultima online there was Ultima Underworld Ultima 8 Ultima 7 there was a lot of Altimas it was a hell of a hell of a game all of the Altimas ascension wasn't as where it needed to be it was Ultima 9 legends of valor looks like Elder Scrolls 1 arena otice you're actually right it was a big inspiration for Howard to create the Elder Scrolls he played legends of Valor before he created it so some of the things that were in arena were actually based on legends of valor legends valor was the first open-world RPG and if they had just a few more game mechanics and the game was a little bit more sophisticated it probably would have sold blockbusters and it would have become Elder Scrolls they are intending many sequels fact legends of Valor full title includes volume 1 implying that they were going to be multiple legends of Valor but unfortunately they never they never got around to it Charles will you still do a maze when you're filthy rich like Jeff Bezos I'm already pretty rich and I'm doing AMAs my lifestyle is really not going to change regardless of how much money I have at this point so yes I'm going to keep doing AMAs regardless and this is another reason why I'm going to stay out of politics you know Joe Rogan has this beautiful uneasy peace with the media in mainstream society where he's basically just ignored by most of the power brokers and he's allowed to talk even though he has 20 million people who listen to him regularly and sometimes he takes very controversial positions because they understand the implications of going to war with them so he doesn't say too much about them they don't say too much about him and he gets to be Joe Rogan that's a good position to be in it really is the minute that you get to political or you become too inconvenient then you know the politics of personal destruction kick in and they go at you and then everything you've ever done said will be scrutinized and then people reinterpreted the most negative least empathetic possible and destroy you Charles you should work on remastering command & Conquer general zero our generals was terrible that was a cash grab from ei Charles do women and more possessions make you happier no happiness comes from within you should remake Deus Ex Dennis X is actually being maintained by a pretty good studio you know I really liked human Revolution and mankind divided they were quite a lot of fun yes I'll go on Rogan Rogan after Gogan you know you want you want to have the right hook right infrastructure you only get one shot so make it count there's a bit of strategy when you go on those types of shows should I ever read Steve Jackson or Ian Livingston's books I may have refresh me the titles they wrote I don't think so though the they don't ring a bell Charles were you a narc a kid like me yeah I played gauntlet remember gauntlet the four players and the old x-men arcade game yeah yeah when I was a kid Maui we had this and still open I went Maui not too long ago and I had a chance to see it it's called the Fun Factory and it was actually in the Kamiya F mall over in Kahului and it's still there and they still have all those arcade games I played when I was 6 years old and I've built gaming PC's to answer your question greetings from Ecuador a beautiful country one of the most beautiful countries in the world from Okinawa Japan one of the healthiest places in the world Okinawa and also one of the most beautiful it's a hidden gem of Japan good to have you here have I ever been to Romania Bogdan yes many times I love Romania it's a beautiful country fact a prominent Romanian has made major contributions to our ecosystem Gregorio Shu he was originally from Romania I also love Bulgaria Charles are you in touch with David Schwartz of ripple Dave and I know each other and we occasionally banter from time to time I believe we've met in person once or twice he's a nice guy very nice guy new-money was the security guy at at ripple and then it became the CTO I believe he used to actually be part of the NSA can you talk about Caitlyn Long's bank I will let Caitlyn long do that herself she's one of the smartest and best people in the cryptocurrencies space bar none one of the most qualified CEOs and you know if we ever had to elect somebody go talk to the US government on behalf of crypto I think she's actually the best person out of everybody said Andreas aside said Brian Armstrong everybody I think she's actually the best person to have that conversation and you know she's proven the work that she did in Wyoming is plenary and continues to be plenary and she's frankly changing not only that entire state but the entire political reality of that state and has made it a very friendly place for crypto businesses to operate but with of course the principles of rule of law you can't go there to do crazy things but you can go there to run a legitimate business and run it well and not have to worry what do you think about the SEC chairman leaving his position you know that's a really interesting thing I got blindsided by that I think it was yesterday I heard the news and I think it's a contentious leave so the Southern District of New York's Attorney General or District Attorney excuse me I think is being fired and he's also investigating Trump at the same time just extraordinary to me that you can fire the person investigating you and now Jay is trying to take that job who replaces him is a big open question it's so political and contentious right now I don't even know if they necessarily could get Senate approval for that position so it's it's hard to say it's hard to say it could go either way could be very Pro or very bad for our space I know that Trump is not a huge fan of cryptocurrencies he's never been it's bizarre because so many people on our space actually like Trump or at least support him or at least understand him and then he goes and pisses all over our space whenever he has the opportunity and Bolton's recent book has numerous sections and where he he heard Trump basically say hey what a week banning this one are we taking this down you know we need to destroy crypto so so that's sad he had a unique opportunity to do things a little differently and ironically crypto actually agrees with a lot of his monetary views like he's actually a gold guy and then thinks about sound money so why then why then would he hate our space I guess it's just a lack of information should I move your head my headquarters to Wyoming absolutely Wyoming is a beautiful place Charles you read any research on computational social choice theory yeah there's a lot of that stuff and you know there's also social physics and these things this concept of taking sociology and network theory and complexity theory and merging all these things together and then you try to actually model social systems in some way that provides some degree of productivity without having to know the entire world so in other words you can use simple rules to reconstruct a complex system and then you basically can reason about how that complex system is going to behave whether it be epidemiological stuff where diseases are spreading or economic systems or political revolutions whatever that might be let's see we should send max Kaiser to Congress yeah max is an interesting guy - I like max a lot max is great and Stacy's great - Max and his wife they've been so kind to me I and they've always been friendly and we have great conversations both on and off the camera and I've always enjoyed watching his show when I where and what I have the time now the dogs are actually the best security system in the world they always let you know when someone's pulling up Charles what's your favorite alcoholic drink well I've been dry this whole year haven't had drinks since December I picked a hell of a year to be dry I do a dry year in a wet year it's whiskey I love single malt whiskey mostly Scottish McAllen and Glenmorangie and the Japanese stuff Yamazaki and Hibiki still on keto yep I go from Quito Akito on keno off-key doe some weeks not Kido yeah Trump is definitely not about sound money but he actually was a supporter of the gold standard many times throughout his political career okay let's keep going ever been to Newcastle UK I'd love to hear you attempt my accent what do you sound like a [ __ ] Andrew I've heard Brad Pitt try that Charles went mountain expedition yes I I will go to Norway hopefully in August with some Norwegians to go visit some of the old places and mountains that my forefathers went to long time ago kind of a bit of a pilgrimage Charles do you like trout love trout trout fishing is a lot of fun catfishing is my favorite do it early in the morning get up 4 or 5 a.m. get some leeches or some blood bait and just go sit out there on the shore throw the lines in you get these beautiful catfish put a mosquito candle because the mosquitoes will eat you alive otherwise we'll prizm be released by the end of the year yes before the end of the year yeah it's but you don't want to go fishing at 2:00 a.m. come on now [ __ ] is Irish Charles do you recommend a specific course to learn Python you know I might actually create one myself I've been thinking about creating a series on critical thinking but a lot of people inside Maya Yamazaki and Hibiki Hibiki is one of the most famous whiskies in the world one of the best amazing Hibiki harmony it's about a hundred a bottle you'll never go back it's as good as a $500 bottle of Scottish whiskey there's a few things that peed it but anyway I might create a critical thinking course and actually cite a lot of great great books that I've read throughout the years talk a bit about data science and other things and statistics yeah but it would be fun to do a programming course as well just time time time time never have the time Irish whiskey beats it yeah well 18 Jameson 18 is really smooth a hundred bucks a bottle - that's a good sweet spot for good whisky you need to revisit your monuments video you know I was speaking in particular about the concept of a very large mob burning down the Lincoln Memorial because that would be such a significant event that it would be a moment where everybody could take a step back and reflect on what the hell's happening in society it's almost like a catharsis like when the son of Hussein statue collapsed or the old communist monuments were torn down to Romania or other places that's a that's a singular thing and it gives society a timeout and you can always repair the monument and then basically have a conversation about what are we going to do moving forward what happened with the grant statue is that basically now every monument every statue of any person is being subjected to such an onerous contemporary standard that if they peed their pants when they were 5 years old then the statues got to go down and they were just basically destroying these statues destroying statues of people that obviously were not racists grant freed slaves he killed Confederate people you know he when he was president was truly tested yeah II was 1868 where he had to deal with reconstruction South and send the army and to protect blacks so that they could actually vote and exercise their democratic freedoms and protect black businesses he had to deal with lynching mobs he had to deal with the surgence of the KKK and actually shoot them he had to deal with juries that refused to convict people for killing people because they were killing blacks and basically have the federal government step in this was not a racist person it's quite the opposite was person trying to protect the weakest amongst us and fought and by the way he was married to a woman whose father owned slaves and he easily could have joined the Confederacy he had all the connections and hookups for it and his his father would have gotten him probably a kernel ship or a general ship and the in the Confederacy but it was an unthinkable act for him to do that he was loyal to the Union through and through and help win the civil war for the side that should have won and did win but yet his statue was torn down like everyone else's statue so then you have to ask at what point has a threshold been crossed and firmly I believe that now these protests have morphed into less about anger and outrage about events that are occurring and more about a Marxist political movement that basically wants to destroy all of American history and our entire system burn our institutions to the ground and replace them with basically like a neo communist regime and divide all of us it's extremely dangerous and if you actually read the rhetoric in the things they're asking for the things they want to do there's some people in this movement want to charge a white tax so if you're white you actually have to pay more taxes that's not the America I grew up in to say that one race should be singled out and basically punished for things that people did a long time ago you know in Judea Christian law very different from the Code of Hammurabi the Babylonian code the Babylonians the Sumerians and the other Mesopotamian cultures believe that the sins of the father were also the sins of the son so if the father skipped out of that debt you could actually execute the children for that judeo-christian law was one of the first legal codes around that said you are your own person so if your father does something that doesn't necessarily mean the sons a bad person you can't execute him for that so when he now living a bizarre standard were people who are long long dead five generations dead the things that they've done apparently are our responsibility and we're at fault for it and we have to be punished for it or pay for it and you know we just have no notion of proportionality or the fact that things reset every generation and yeah there's certainly some systemic and institutional problems that do exist but I would argue that these institutional problems are less racial and they're more about stat ISM and more about power structures police kill white people too I remember a swatting incident years ago where a guy was playing xbox and somebody thought it'd be funny to call the SWAT teams on him and say that he had hostages the police showed up and they was on the ground on his belly and told to crawl and the police officer kept giving him increasingly more confusing instructions and eventually his pants started falling down so he reaches to pull up his pants and then while on his belly he's gunned down by a police officer holding an ar-15 that officer still has his job and is still basically living life just fine and even being paid trauma pay for for shooting this person because he apparently went through a traumatic event so not only does he have his job he gets paid money for the privilege of murdering somebody on their belly after he gave him confusing instructions so with that racism it was a white cop and a white person no it's the militarization of the police and it's a lack of accountability of that force so it's completely legitimate to say that that institution needs reform but to say the only reason the institution needs reform is because a particular group of people have been harder hit than any other group of people that's lights just like saying the symptom is the disease it's not it's a it's it's a flaw in thinking and unfortunately what always happens with political movements is that the most dangerous and radical of political movements will always try to attach themselves to the most extreme and emotional events that happen in society and then use that emotional event that really pisses people off as justification for radical change and that radical change is not what the vast majority of us signed up for if you think that communism is great then go get the American people to vote and go change the US Constitution to enable it but if you don't don't allow the pain suffering and tragedy of other people to allow you to somehow sneak it in through the back door and do a bait and switch and say it's for our greater good that's what the Castro's do and these other horrible people and it's really disgusting to see what this is descended into and it's a shame too just like the Tea Party and Occupy Wall Street and all of these other movements that we witnessed last 20 years these were great self-reflective opportunities for the United States to take a step back slow down for a bit and really ask itself what the hell is going on and what are we doing and who do we want to be as a country and instead like always the movements are being co-opted by the worst amongst us to basically extract money and power from the most vulnerable and weakest amongst us it's got to stop at some point Max Keiser does not like all coins that's not true max max does take credit for being the guy who broke etherium two people I was the guy who introduced it he just doesn't like and he also created his own altcoin max coin you never say you don't like all coins when you've created your own all coin the Austrian or the Chicago School Austrian economics for the wind I'm more of a neo Austrian guy I think that if you could combine that with a lot of ideas we've learned from complexity theory there's some cool stuff there no max coin was a real thing max coin was a real thing I might resurrected just to just to do something with just just a mess with max Charles what are your thoughts about a crypto ban in developing nations like India will they ever adopt it yeah of course they're banning it cuz they can't control it and they understand that if it propagates it will overthrow the nepotism and social hierarchy that they've set up anytime somebody bans something that's good for the poorest and weakest amongst us they ban it because they want to preserve the status quo they want to preserve their dictatorships they want to preserve their social order and it's always to the detriment of the weakest and it's to the benefit of the strongest and of course they will ban it citing protection of the poorest Thomas woods actually created that law Tom woods is an interesting guy Charles you're brilliant the gold standard is a joke I'm actually inclined to agree don't actually need the gold standard but what you do need is consistency in your monetary policy the whole point of the gold standard was to tether your monetary policy to something you couldn't debase or manipulate because there's too much temptation you used the power of the printing press seƱores to basically destroy your economy because you get a massive short-term benefit for a huge long term cotton once that oftentimes short-term politicians don't don't have to pay yeah money printer Gober six trillion dollars quantum dot RNA vaccines that's above my pay grade is it possible to use the ITN for a stable coin we could definitely do stable coin experimentation on the ITN and that's a great example of a potential use case in utility so let's spend all of July talking about it as a community and I think we have a great dialogue about it if we preserve the ITM and that's your decision not mine Charles what we do if the US bands card on oh then the non-us parts of my organization will continue working on it and you know I as the CEO will continue doing what I can to support it human if I'm in personal risk and I would rather go to jail than deal with a society that bans something like card on oh because then I know that the government's lost legitimacy and it's only a matter of time before it falls you know at some point you have to take a stand everybody has a threshold everybody has something for me about mass you know I find myself not wearing a mask as much anymore I used to do it because I said okay well it calms people down and it's a sign of respect and you know it perhaps it has some social benefit and you know maybe it does have a medical benefit at least it can't harm you know or at least it can't harm others and then when 1,200 epidemiologists and doctors and other people signed a letter saying that we should allow these protests to continue and not cite coronavirus as a reason to stop them but other protests are wrong that's when I that was my breaking point I did a video on periscope and I basically said a threshold has been crossed and all these people who assert to be medical experts have now lost legitimacy I am NOT a doctor but I know enough about medicine to know that viruses aren't smart enough to be able to decide what your politics are before they affect you and make decisions of whether your cause is just or not the entire reason they said don't do these protests is that the young people doing protests the middle-aged people doing protests go home and when they go home they infect mom and dad and grandpa and grandma and if we allow them to occur on a large scale it could kill millions of people if coronavirus is deadly okay well I'll give you that but then you can't say that protest a somehow won't do that but protest be will when protest a has hundreds of thousands of people densely packed together for hours if not days with limited personal protective equipment sharing water bottles sharing food talking to each other without masks on and that's completely fine and legitimate no problem at all and a lot of those people are very young so they won't really feel sick they'll go out while sick and they're poor a lot of them so they live with mom and dad they live with Grandma grandpa so when they spread the disease to all those people so you're basically saying people who didn't consent to getting sick people who weren't there in the protest exposing their expressing their voice are now getting hurt so for me that was the threshold you know and we all have thresholds but that was the one where I said okay you've lost all legitimacy until you apologize and admit to the blood on your hands or say that you lied about coronavirus being damaging or dangerous you pick one you have to pick it you no longer have any legitimacy you're now the Soviet Union during Chernobyl okay for the rest of my life I will believe that about these people and at some point after investigations are held they will be held accountable if not through legal means then through economic means or through social shame but I will never forget ever I'll be 70 and remember their names and use my considerable resources to make sure that everybody remembers them as well it is morally wrong either to destroy the economy killing millions of people through starvation and suicide and lack of medical treatment or two if they're right about it being a dangerous disease okay then to tell people it's okay to go spread that disease to the most vulnerable and weakest amongst us who did not consent to these things or else they would be right there in the protest taking those things into their own hands both of these are wrong horrifically morally wrong the minute they put their name on the letter they have blood on their hands one way or the other so that was a threshold for me the banning of crypto is another threshold for me I just won't consent I don't want to live in a society that does these things because none of this is matters because then the next thing that is just take it from you it's like being a Russian billionaire when Putin was purging people and consolidating power if he weren't in his political in our circle you get goo logged okay they weren't nice guys but you know they had these beautiful estates and these all the stuff that had accumulated in Maseratis and Ferraris and Lamborghinis and private jets they wake up the next day they're in Chains in a prison cell it means nothing if you don't have rule of law and constitutional consistency and that you actually have some notion of objectivity and truth one of the things that's happened because of academia a plank of academia is there was a war on objectivity and though there was a war on truth there was a war on established scientific process and we just started getting to a situation where up is down left his right things that we thought were true were no longer true and they can be redefined at arbitrarily many times and if you disagree you're a horrible evil human being and must be destroyed must lose your job we are seeing people who oppose these protests now suffering fallout where they just say hey maybe this isn't a good idea you shouldn't pull these statues no I'm sorry you can't be a principal anymore oh I'm sorry you can't work for the Federal Reserve anymore that's a threshold and we're getting dangerously close to the same tactics that were used in total tellurian societies like the Soviet Union where economists who were collecting data on how bad the Soviet economy was we're deathly afraid to let any of that leak because they knew they'd get gulag if if it got out and they had to publish articles saying the opposite No full well that they were fake but they were scared of the consequences of saying the truth or at least their perception of the truth we should never aspire to live in a society that that does this to people and cryptocurrencies are basically an instrument of necessity if the government was doing everything perfectly people were trusting each other working well together and society was great they wouldn't exist they exist because we have lost the more legitimacy and the stability that we've come to rely upon for society to function properly and they will continue to get stronger and more pervasive the more madness that we get and at some point you just have to make some decisions to disobey and this is the great test of our time you yeah Str point about friends in Brazil digging holes by the thousands if you're right and okay even perhaps you are maybe that is the case I'm not taking a position on it then ask yourself isn't right then to say it's okay for millions of people without personal protective equipment to be densely packed together for hours and hours and hours where they have a very high probability of exacerbating the epidemic and then going home and spreading it to their parents and grandparents who weren't there and didn't consent to that is that a good thing is that morally justified and as a public health official is it your duty to say that you shouldn't do that and they should stop and find another way to express themselves or would you sign that document saying that that's okay why stay in the US then why not go somewhere else cuz it's my home my father home of my grandfather you don't leave home you make it better you fight and sometimes you win sometimes you lose but if you just run away it's cowardice you know I don't have a respect for people that go in expatriate as bad as it gets this is what I got and I was born here I'm an American I'll die in America I'll die on American soil one way or another and I hope it gets better and I'll do what I can to make it better but I'm not going to abandon the country that created me