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hi everybody charles hoskinson here broadcasting live from warm sunny colorado always warm always sunny sometimes colorado so how y'all doing it is september 26th 2020. it's been a very long year lots of stuff going on a lot of people doing various things i just got back from wyoming i literally drove down earlier today and the whole state was called in fires so while leaving laramie and going down 287 uh it was like red dawn you know the whole air was just filled with smoke and nastiness and and the sun was basically being filtered through so it was uh pretty uh pretty ugly and uh unfortunately these fires are not yet contained so we wish everybody well up in uh wyoming it was a great event went to the hackathon the stampede hackathon over at university of wyoming i also got to tour the iohk lab that we have at the university of wyoming and talked to jim caldwell and cam who's the department chair of computer science and the dean and the president lesig of the university uh so it was just uh wonderful to spend some time with the academics there i also had a chance to talk to governor gordon governor of the state of wyoming and mayor of cheyenne and a lot of the politicos and legislature along with the usual suspects caitlyn long and so forth uh it was nice to see tim draper he attended in person and it was also nice to see brock pierce he was there as well in person he's been having fun running around the state and his campaign people were there but he's always an entertaining guy to spend some time with and uh talk about a variety of issues uh presidential runs are are hard affairs and i better him than me to go through that it's tough um didn't have time for a haircut i was scheduled for it and unfortunately couldn't do that as for uh the rest of the stuff a lot of things to talk about many of you know that my dog just recently died i have four dogs but the smallest and oldest was named bambi and uh someone who was dying of cancer gave me the dog and her dying wish was that i take care of the dog and i said okay and uh it was a really interesting experience having uh having that dog because bambi unfortunately suffered from epilepsy it's the only dog i've ever had that had that and so i had to give her medicine every day and eventually it ended up being phenobarbital which is a pretty powerful drug but she just kept on living and later in life she developed uh mitral valve prolapse which turned into mitral valve regurgitation and unfortunately for tiny old epileptic dogs there's not much you can do there and so she started developing congestive heart failure and uh when it got to the point where every time she coughed it was painful and she was coughing constantly and the lasik stopped working there was really nothing more that could be done so i put her down but damn i love that dog i really did i didn't expect to love her as much as i did she'd sleep on my chest and every person who visited the farm she'd run up to him and wag her tail and lick him and uh you know you just don't get too many dogs like that you know i remember years ago listening to a radio personality who actually wrote a book about his dog and he said that you know why people always ask why the dogs die so quickly they say well you know if they live longer then we'll outlive they'll outlive us and then who takes care of them when we're gone so in a sense it is a blessing that they go before we do uh so that you don't run in these situations of who takes care of these old dogs so i wish you well bambi it was tough uh but you know outside of that it's actually been a pretty good week we've uh we've accomplished a lot we've done a lot uh update on bittrex a huge amount of work went this week into the wallet and we went back and forth with their guys they finally managed to get a working build with all the performance enhancements and we're taking a look at seeing if that's good enough so it's in bittrex's hands they're testing it they're running transactions and they have acceptance criteria on our side the benchmarks look good and we'll see if their environment they look good as well we have done an enormous amount of stuff including creating new apis for them a lot of micro benchmarking we found tons of areas that were accidentally quadratic under large sets and of utxo are able to clean that up so that's one prong of the strategy we're also at the same time giving them a script to do utxo defragmentation uh next week they'll have that so if the performance improvements we've done don't work or they're not good enough for them then perhaps defragmenting etxo getting a smaller utxo set and segregating the wallets we'll solve their problem we're also investigating using slightly different stuff in the software stack if for some reason the micro benchmarking doesn't work but i'm very optimistic um i there's no reason at this point i think there for there to be an issue probably the issues at this point will be configuration or environmental but it should be uh close to the end of the rainbow it's been a very frustrating bug and problem uh because it's like an endless river we keep improving things but it doesn't ever seem to be what's necessary and we say okay we'll just keep doing it and we learned a lot along the way and this benefits every single exchange and this benefits every single user of ada so there's a definite commercial value in product value but i understand how incredibly frustrating it can be if you're a user of uh bittrex to have that wallet be down and it was never anybody's intent and we never thought it would take this long uh and no other exchanges are having the issue it's just this particular environment configuration were unique the good news is we'll never be down this road again we're almost completely green across the spectrum for all exchanges bittrex is the only major exception at the moment and this software is materially not going to change dramatically in terms of how to list it how to interface with it and work with it so when gogen comes and voltaire infrastructure comes and basia infrastructure comes uh none of these things are going to be as dramatic as the byron the shelley transition uh so that's the good news uh you know it's kind of a light at the end of the tunnel that this is one of those last things we have to accomplish but you know we'll work our way through it uh in terms of the delivery of gogan we'll have a lot to say this month and next month that the product updates about it i've always looked at gogan as is kind of like a three-phase delivery so one side of it is um transaction metadata and is starting to get to a point where you have non-monetary transactions so uh basically you say okay i'm not just sending ada to somebody but now this transaction is carrying a payload with it which has a non-data related utility so for example uh we this month finished all the metadata stuff it into the cardinal wallet and into the node and now we're starting to use the metadata field for the credential verification program that we're doing in georgia things like beef chain and other things that are related to identity and track and trace and so forth so that's a permanent feature and utility that exists within cardano and it's a major milestone for where gogan comes the second thing is moving from a single asset to a multi-asset system so people can issue their own uh tokens on cardona and it's got to be done in a phased way because there's many different types of tokens there's security tokens utility tokens fungible tokens not fungible tokens we have a very different way of doing it and so we're building some commercial software for that called uh the erc20 converter and basically this is going to be something the commercial team can use and we'll share it with other commercial teams outside of the firm to help people basically migrate from ethereum to cardano it's a process there's an accounting side and a logic side uh to it so great progress has been made there and we have a beautiful standard for multi-asset which we feel is significantly more competitive than erc20 is because erc20 is a smart contract built on top of ethereum and it's very different from ether whereas our way of doing things is we say okay when we go from single asset to a multi-asset ledger your assets issued are actually treated the same way from an accounting perspective as ada is and so there's huge advantages to that when you talk about layer two infrastructure optimization cost reduction and so forth so we have a really cool way of doing that and i think it's quite novel and people who are issuers of tokens are going to get very excited about this and we will have a wonderful presentation this week about a particular project that's migrating over from ethereum to cardano and they're really excited to work with us and um i think you guys already know what that project is but i'll wait for the announcement it's uh just in a few days for the uh for the product update uh and there will be many more to come especially as that infrastructure turns on and then the third category is the programmability and there's really two approaches to take there there's the full general purpose programming language where for both on and off chain interactions and that's plutus and then we have the dsl driven approach which is uh languages like marlow for example uh and both of them are meant for specific people so we'll have some things to say at the end of this month about pollutus and marlow and we'll have a lot more to say especially about marlow in october uh and uh the coming weeks and months there's going to be a huge amount of gogan rollout and discussion so metadata is already here uh we'll have some things to say about multi-assets soon and the building of marlow and plutus is is very deep in the weeds it's four years in the making and things are being pulled over gradually into cardano stick pool operators are the first to know because they're the ones who upgrade the nodes fastest and a lot of you guys with node 1.20 starting to see that there's a lot of gilgam related work that's starting to happen and there's a great release cadence there it's on a weekly or bi-weekly basis so we'll have a lot to say soon but i'm not going to front run any announcements in this in this ama but overall i'm very happy with where we sit because especially when you talk about the general purpose language plutus it is functional but there's another project we're subsidizing called newton which is exploring an imperative flavor of that which means that it looks like javascript so you can kind of have your cake and eat it too you can have a functional haskell-like language and then you can have a more traditional language and developers will have multiple paths to write smart contracts but then they invent they benefit from all the infrastructure we're constructing the verification infrastructure the testing tooling uh the ability to do specifications the inevitable formal verification toolkits that are going to be constructed for these contracts as well as just the broader community of experts that live there marketing is another big area that i'm spending quite a bit of time these days on we hire lisa and i'm going to make sure she gets introduced to the community at some point soon hopefully maybe the product update at the end of this month if not this month certainly in the month of october we also hired david orr a community member who makes phenomenal videos and what i've assigned lisa and david to do is first product marketing so we're going to systematically walk our way through every component of cardano or aboris extended utxo plutus just kind of work our way through the whole thing and in each and every one of them we'll talk about where did it come from why is it built correctly and they get into the details of how does it work why is it special what makes it unique and then finally we're going to do comparison marketing i have five targets on the permissionless side and two targets on the permissions side the five targets on the permissionless side are al grand eos tasos f2 and polka dot i think that's a fair sampling of those aspiring to be in the third generation class and the bulk of the questions i get about well can you compare our boris to what tezos does or to what al grant does so those are the questions i keep getting so let's go ahead and answer those things so this is going to consume a big chunk of her time and our marketing efforts in the next 60 to 90 days and i'm going to really crack the whip hard to make sure that we get lots of content out that handle those three categories you know where did it come from why is it credible we've kind of told that story with the peer review formal methods but there's more to say the actual how does it work we also have done this in a very technical way but we need to do it in a slightly more user-friendly way which is one of the reasons why david is here amongst others and then uh the third category of comparison marketing that has to be done moving beyond the next 60 to 90 days then begins campaign marketing where we actually start talking about specific constituencies and stakeholders that ought to come into the cardinal ecosystem because there's just so much natural synergy with what we're doing and what they're aspiring to do we already without doing any of that have a lot of people have come to us and asked us we want to be part of cardona how do we do that so it's a phenomenal product when you don't even have to sell it to sell it you don't even have to market it to market it but we can do better and there's a lot of venues where we can get much more notoriety and much more visibility in so we're we have some strategies internally but i'm not going to announce them here uh about which stakeholders to prioritize and how we're going to roll out the good news is that the foundation's already doing a good job with merriam the developer portal for example is a good step there and there's a lot of very creative ideas that are flowing and there's already a lot of community effort where they're really pushing hard saying we want a market too and so the existence of voltaire is going to definitely help people out there uh so uh it's gonna be a bit more time to get that completely spooled up because these people are just getting used to where we're at and there's tons of questions asked and there needs to be kind of an assembly line constructed with the scientists the engineers and the marketing people but it is a very high priority and because i'm micromanaging it i'm not going to let them slip through it's going to get done one way or another and we will get it done one way or another because we've built an amazing product we've built an amazing protocol and this amazing ecosystem with an amazing community it makes absolutely no sense at all to me to undervalue marketing we're ready for that now and with gogan turning on voltaire already on shelly on uh we need the users we're going to absorb them quickly and we're going to become a titan in 2021. so a lot of marketing is coming down the pipe on the voltaire side uh fun too is opened up i think over 2000 people have signed up for idea scale and are actively commenting there's very vibrant conversations that are occurring there and a lot of back and forth a lot of great ideas and it's actually bringing some old people out of the woodwork who said ah you know we'll come back later they're actually waking up and they're coming on in so that's really exciting to see uh the progress there and that's the beginning and so it's entirely possible every time we do this every generation the fun is get more accessibility uh that we will see 10 000 people 12 000 people in idea scale talking every time a funding round comes in and remember these funding rounds come every six to eight weeks and then they're eventually becoming even faster and then they'll be layered so we also have been talking about bringing some more partners in idea scale was the first partner we were looking to concepts like sociocracy and holacracy and so forth and we've been talking a lot about auditing oversight and basically assurance that when funds come in there's track and trace of the behavior and the execution to verify that things were done correctly much like a grant program would so it's all an experiment and it's evolving very rapidly but uh dorr is a great product manager and he's got a great team and so i'm i'm very happy to see how quickly things have come together for them and they're going to keep pushing hard and i have no doubt that they're going to have a a really good time in the next six months transitioning from a prototype to a fully working beautiful governance stack that's based on best practices and principles that have come over the last 25-30 years of the people who study these types of things okay so that's the update side let's get to your questions huh let's see what we got here [Music] lol at the bottom left of the screen yeah you know it's really unfortunate we live in this day and age where um i have to put a banner in my screen saying i'll never give away ada uh but this is the world we live in uh you know youtube doesn't care and the social media doesn't care they have built phenomenally advanced algorithms uh automated a manual that allow them to d platform political speech that they don't like so all this fact checking all this stuff okay great and if you say the wrong things instantly to platform but if you're a criminal attempting to steal money from people impersonating other people hacking people's channels to do this perfectly fine no problem no nothing to see here it to an extent where they're being sued by steve wozniak they're being sued by ripple still no problem at all it keeps happening they're just tone deaf and then they say oh we can't solve it you can d platform speech you don't like but you can't platform a pattern of behavior that any intelligent agent would easily be able to detect why because they just don't care they just absolutely don't care i'm 100 convinced of it we have repeatedly publicly and privately attempt in every way possible to get youtube to take this seriously and to stop these scams they don't care so now i've gotten to a point where i actually have to put my videos i will never give away ada and i'll keep doing it if they keep making these videos one light at the end of the tunnel is if people are trying to steal ada i guess we're doing a pretty good job making ada great people don't steal worthless things so maybe that makes you feel a little bit better hi charles is iohk related to the united nations uh the united nations uh and our company we uh we've been donating money for certain hackathons and things and we rub shoulders all the time because we do a lot of impact capital stuff and um things in the developing world which are considered humanitarian but of course they're sustainable because they have a an economic component to them and uh the relationship there is only going to improve and there are many satellite things like the world food program and these other things that there's just an overlap in our mission we care a lot about economic identity we care a lot about improving the world and so it is really important uh that we know of them and we work with them where and when we can but before we partner with any person we always start principles and values and first principles okay so we have a very clear idea about who we are what we want to accomplish when people use the software we write the values behind that software for example always open source if people come to me and say bunch of proprietary software i say well that sounds like a lot of fun for a different company best of luck we tell them go pound sand uh similarly when we sit down and we think about things like social credit in china these dystopian systems that basically the government owns your identity your data everything about who you are as a digital person is controlled by a third party we will never advocate for architecture infrastructure or data management this way so if a government comes to us and says let's go do that we're intrinsically opposed to it so there's no way no how it's not going to happen so there's the values part then we look at particular geographies and circumstances and we say okay what can we do within that value set for our mission as a company and if it just so happens that the united nations is doing it or the world food program or some other organization and we can work together and still preserve those values we do where we can't work together tell them pound sam so it's a big organization and it's a big world sometimes they're with us sometimes we're not with us and that's just the way it is well iohk every ipo you know i own 100 of the company and it would be problematic for me if i had to actually be a ceo of a publicly traded company then i'd have to have a media person that tells me what i'm allowed to say and then the sec would do this as it's a lot to be part of a public i'm friends with a lot of guys who are ceos of fortune 500 companies and you know we'd have dinner and they'd tell me all the horror stories and things they had to do and you know all the stuff they had to deal with activist shareholders suing them so i'm not so keen on these types of things uh but you know the world is changing and uh maybe it somewhere on the road uh we could do like iohk becomes a security token and then there's a more easy way of managing that and then the whole company can be led bottom up could make a lot more sense so so the ship hasn't quite sailed for that but i'm not optimistic under current u.s securities regulations to go pursue that i enjoy being a mission oriented company you know our point is not about profit we wake up every day and we say well we have to make money to keep the lights on so let's do that but we're a mission company and what that means is that every day we see how do we build products that give people economic identity how do we give people products where you own your you are your own bank you are your own identity you are your own data store uh basically all the things you need to interface with society you control that or at least have to give consent for someone else to be a middleman there as opposed to the current system where you don't control anything if we became a publicly traded company where the only thing that mattered was shareholder profit quarterly returns then suddenly we'd be like google where you know they say don't be evil but let's go work with china don't be evil but then let's go work with the nsa and these other things i um i don't want to go down that road so if we could find a way to preserve the soul and the integrity of the organization in the mission of the organization but also make that compatible with the way that these things are that would make some sense because it would help diversify the organization but i'm going to finish cardano first let's let's get all that done before i even think about these crazy things what is your exit strategy oh you never need to sell the company or um do an ipo to have an exit strategy not at all um you just hire a ceo to run the day-to-day and then you turn into cash business you get dividends and you sit on the board it's like the chairman and every quarter you just kind of hold them accountable to a road map so uh no the ipo is not an exit strategy for me i i've made enough money throughout my life that i'm not particularly worried about anything what do you think would happen to crypto in the event of an emp so like an emp that would knock out the entire u.s infrastructure or the global infrastructure so there's really only two things that could happen of that magnitude that would actually be internet scale one would be that somebody detonates nuclear weapons in the atmosphere in just the right way and then they create this halo catastrophic emp that fries all the electronics so the rand corporation and others years ago studied this stuff and they wrote all these reports for the pentagon and it's a well-known thing there's even wikipedia pages and so forth about how this attack could be conducted and unfortunately there's not really good defenses against an attack like that the other thing is some sort of astronomical event occurs astronomy event like like a solar flare or something fries all the electronics that can certainly happen too in both cases uh if they're internet scale the last of your concerns will be about ada you'll be thinking more like my car doesn't start my lights in my house are off i can't chill or heat anything all of the supply chains are shut down the grocery store everything's gonna rot in a week outside of the canned food and so forth uh you're you're gonna be like walking dead worried for survival not about how do i get access to my ada the good news is that there's a lot of persistent storage around there that probably would survive an event like that and as a consequence if only one survives it's like finding some dna you can clone it and so the whole network can be restored so actually we're in a significantly better position as a decentralized system uh to survive a global scale event uh like that than centralized fragile systems are because they tend to be all co-located and highly optimized and something that knocks them out knocks the whole thing out so yeah it's a scary thing to think we have this whole digital world and one thing could just like end the entire digital world will stable coins be built on ada yes in fact we're actively aggressively looking into that we will make some announcements about it what are your current thoughts about spakra i'm staying out of spacru my only position about spacre is i think it's good idea for dedicated representation to form for state pool operators and my belief is more is better so there will be diversity geographic and leadership philosophy philosophy and there's going to be differences of opinion it is not my place to pick winners and losers it's never been i live underneath this system and what i need is great partners to work with to have discussions about the economic parameters of the system once the system reaches full stability so that we can get a better feedback loop on getting those parameters where they need to go for the system to be stable so i'm glad to see spock reform i'm glad to see the innovation there and i hope more will happen and i hope that the foundation steps up and really gets deeply involved and starts doing things like an industrial steering committee an advisory board these types of things so that they can get more community participation in the organization and i suspect that will happen you know the leadership is going to eventually move in that direction but again it's not my place to think about these things i worry about let's get it working it's a lot of work any update on endor i've been part of endor in a long time i was an advisor for indoor and they didn't have really enough money to pay advisors and they decided to scale back a bit and so i said all right well if you ever need me call me otherwise i'll just stick around but it's a cool project and there's good people there they work with alex pentland and i'm always interested in these data analytics stuff and so forth but i didn't really have a chance to roll up my sleeves and get deep into it like i did with polymath polymath i had a one-year contract and filled out the contract and i said all right well you got poly mesh good good luck go do it uh they chose a tech stack with polymesh that you know really i can't contribute much to they built it on parity substrate uh so it's more gavin's thing than my thing had they built something on the cardano side then obviously i'd still be actively advising and doing things but they're good people there and they work well every now and then i take these advisor positions and i try to scope them to a particular task or a particular period of time and sometimes they're compensated sometimes they're not compensated just depends on the project charles you look tired my dude yeah i drove from wyoming to colorado today it's been a long week i need to get a haircut charles thoughts on kraken getting a banking license in wyoming blew my mind jesse um he's he's a great guy but he doesn't like regulators very much and it was incredible to see him uh be able to pull that off in such an incredibly short period of time all things considered but you know he's running one of the few banks in the world that is 100 reserve and it can go tell the fdic to pound sand so that's like the most jesse of banks you could ever get kraken's a great organization they have a lot of wonderful people there like austin and others and i'm just so glad to see them not only embrace wyoming but then actually move real value there and given that they now have a bank license uh that's that's a very powerful thing for them uh account with the federal reserve and all this other stuff so great for their customers great for the ecosystem and it's going to create a network effect where we see more legacy financial institutions work their way into our industry because they want the profits charles there's been a bit of criticism about the lack of marketing uh you got here late sebastian watch my comments i gave a specific answer to that question charles i'm very interested in your meeting with brock pierce yeah there's going to be a video about it actually i shot a video specifically for brock when i was in wyoming i know for brock very well i've known him for years since the bitcoin foundation he ran for the chairman role there years ago uh he's a good guy you know he's got a big heart and i like his campaign i'm so tired of the politics right now i'm just so tired you know amy barrett recently got nominated she's written over a hundred decisions as a judge and she's an extremely smart legal scholar she clerked for scalia regardless of what your politics said there's a lot about this woman that takes some serious time to go through and work through to get to a point where you can actually have a credible opinion about it and she has strong values and principles but those are then reflected in her personal life she has seven children five that are her own and two that she adopted so you'd suspect that well okay this person's nominated let's spend some time and actually try to get an understanding of what type of justice would she be as far as i can see i think she's a textualist scalia style okay but the attacks coming her way are like oh she adopted two kids from haiti and because they're black haitians she's a colonialist and racist and perhaps the adoption was illegal i mean seriously this is what's coming out of twitter how can we expect getting anyone reasonable people in government if this is how we treat people who come in you're told when you are growing up get an education be a good person get married do a good job follow the law and rise to the top of your profession so people do it and then when those people are chosen to go and serve in government now the game is every mistake that that person made regardless of it's big or bad or if it's even a mistake let's analyze that and brutally attack them and if we can't attack them attack their family and question choices that they made you know how many of you watched the horrible things that happened in haiti 10 years ago and said boy i should do something very few people actually did anything some people open their wall and donate a little money mostly to these corrupt charities and then somebody wakes up and adopts people and chooses to spend a decade of their life raising children that aren't their own who are in some of the worst positions in the world normally where i come from that's a good act but apparently this is an act of racism and colonialism and the people who propagate these theories are now chosen to go teach these things in our schools our universities and so forth uh this can't continue you're gonna get lower and lower and lower quality in government number one number two the way we communicate with each other is no longer about what problem are we trying to solve how are we trying to work together to solve a problem it's how does my side get power from this so let's say there's a fire normal human beings would look at a forest fire and say how do we put out the forest fire we now live in a political reality where we say okay who politically benefits from this forest fire should we put it out now or wait a week from now or two weeks from now you know this forest fire wyoming for example uh there was a group of ranchers and others in the state who saw federal land on fire so they went and said hey can we put it out and the federal government told them stand down they were told not to put out the fire we're going to go do that and then the ineptitude and incompetence of the federal government there they didn't do anything and now there's a huge fire in wyoming it's destroyed i think 80 000 acres or something like that it was literally red dawn this is insanity and then the response won't be okay how do we avoid this from ever happening again it's going to be how do we politically protect ourselves that's the world we live in now you know in everything is just so political and nothing makes sense people don't even understand what institutions are supposed to do like the judiciary for example why do you have people appointed for life because they're not political operators and they're not subject to political pressure so then why would you want to give those types of people legislative power because they alone would then be more powerful than any senator congressman or the president himself and there's no accountability whenever they decide left or right but apparently that's the judicial philosophy we have to have that's why we've gone from when i was born justice is approved with unanimous consent like scalia was 98-0 ginsburg i think was the same like 97-3 it was not controversial at all to now every single time we go down this road it's 50-50 and we have to destroy someone's entire life before they get on and then after they get on talk about how do we impeach them when we're in power and every single decision must be political in some way it's insanity it's absolute insanity so i'm done with it i'm so done with it i'm sick of the republicans i'm sick of the democrats i'm sick of the entire political reality and you know what they have been lying for so long and every single time people have tried to follow the rules to change things whether it be ron paul in his movement or bernie sanders and his movement the system prevented those people from doing anything you look no further to the 2012 republican convention how they just decided to arbitrarily change the rules of the convention to make sure that certain people weren't allowed to speak without any process doesn't even matter if there's rules they just don't follow them and let's look at how bernie was treated on that side so uh i'm done with it and you know at this point i'm never going to vote for a republican or a democrat again i'm always going to vote third party and i'm always going to support third party candidates and uh if you believe that that's throwing your vote away you're part of the problem uh and uh any person that says this person shouldn't serve because their personal life has a demerit i'm not gonna listen to that person anymore i'm done with it i really am the only way we can get forward is through solutions you say what problems are we trying to solve for example look at voltaire how did we structure that we said challenges what do we want to solve where do we want to go so you guys come and say well charles there's not enough marketing okay i'm gonna do what i can on my side to solve that problem but you know what there's now community funds available in every few months more and more and more and at the current rate of inflation six million dollars a month will fill up the treasury and if we go to a dollar it'd be 60 million dollars a month that's community money so and stop talking about how nothing is being done let's talk about the solution where should we market who should be marketed to who should do that marketing if you run a marketing firm this is a way to get a contract to go do that go make the case to the community and solve the problem we have to start thinking this way we have to start thinking for ourselves we have to start using common sense we have to start working together and actually having common goals we look to america or any of these other countries we should have goals okay vaccines are coming up it should be non-controversial to discuss how do we distribute them to all the citizens instead it's all political safe and effective people say i don't believe it's safe and effective well then tell me what the burden of proof is and if you don't know it tell me who does know it let's have a real conversation about that okay but it's not acceptable just to say no and just leave things the way that they are you have to say what are we trying to solve how are we going to get it done and if that is not the way to do it then tell me an alternative way and if you can't then let's go try it if you can live with it okay it's not about consensus it's about consent in that respect uh and so uh it was really a breath of fresh air talking to brock because he's tired too we're all tired he's running around spending millions of dollars running for president and if he accomplishes anything just getting people into a mindset that we have to talk differently and treat each other differently and he's never going to run a negative ad ever and we should never reward people for negative ads because what are you accomplishing when you say vote for me because the other person is so horrible that's like saying you go you get sick you go to your doctor and you need a heart surgery and there's like two doctors you could choose and so uh you know or or let's say even more you know like five doctors you can choose yeah okay and then you go one of those doctors and you say i i need a heart surgery and he says okay what you say to him can you tell me your qualifications and he immediately just says bob smith over there he was sued for malpractice three times like honestly this is where we're at in politics you watch this politician you say tell me what you want to accomplish like andrew yang he says ai and all these automation and these billionaires are eating us alive and we need ubi and here's why and here's what it's going to do for society great and people loved him for that he wasn't allowed to participate because the system was rigged but they at least loved him for that okay could you imagine how effective yang would have been had they say well why should i vote for you andrew uh biden has dementia like okay the does that have to do with all the price of tea in china i would say come on give me something real here what are you going to do what is your vision what problems are you going to solve and so forth and our political system is like this and now for the next month we're going to go through hell october is going to be horrible absolutely horrible going to have october surprise here october surprise here i wouldn't even be surprised if there was a donald trump don jr sex tape at this point i don't know i mean it's like so crazy what's going on right now and at the end of the day we're going to get to november 3rd and here's what's going to happen and this is what makes me so sad trump is going to declare victory and biden is going to declare victory the votes don't matter both of them have basically said the elections illegitimate okay so then it goes straight to the courts but the courts are illegitimate now because that process has been perverted every state there's going to be a lawsuit meanwhile protest galore every city in america tens of thousands of people burning things down shooting at each other and then the police crack down on them and then there'll be a counter reaction to that so we know we're walking into an event without legitimacy and blood 100 million americans who were eligible to vote did not vote in 2016. probably the same amount or more for this election we're not consenting to this you know we don't want this anymore but we're told we have to and if you have the audacity to vote for a third party you're part of the problem you're evil so it's going to stop one way or the other either we're going to run out of money and fall into martial law and have a chaotic civil war or somebody's going to get it through their head that we have to govern differently and i'm optimistic for the second part and i hope we can achieve that but there are many people who've already given up and they believe it's the first part that's my political rant for the day uh and you know these types of comments make me sad too says i take a bathroom break and grab a drink during the political rant portion of the ama you are not divorced from this whether you love me hate me want to listen to me or not listen to me you you have to be literally blind and deaf not to recognize what is going on right now we are right now in an era of change and whether you have freedom or not what power you personally have and what's taken from you or not is going to be decided in the next five or 10 years guys i have to wear a mask when i go outside people in hawaii are getting tickets for sitting alone on beaches during the night time this is not okay you know you say oh but it's just temporary tell me when governments take your freedoms when do they give them back i remember september 11th we created a department of homeland security they start molesting children and old people when they fly they say these are temporary measures things will go back to normal 20 years of war trillions of dollars spent millions of people killed generations of people fighting father fights in the war his children are fighting the war now did it ever stop or go back so you can believe it doesn't impact you or affect you whether you live in america or not if you don't live in america what america does has a huge impact on the rest of the world and the rest of the world is no better than here from boris johnson in the uk to what's going on in japan things are bad and you have to be politically aware you have to think about these things you have to have an opinion about what you want in your leadership what you want in your media what you want with the platforms that you use the fact checking alone is an invitation for censorship and who controls the fact checkers on all these social media platforms politifact oh okay this other organization oh okay so all i have to do then to own what's right and what's wrong what's true what's not true whether you get to post something or not is take over six organizations okay and and how big and how how powerful are these organizations not not really that large oh okay so if i just buy them one billionaire can own all of them and then suddenly they get to decide what's true what's not true there's contrary evidence sorry that's uh that's not factual and not only do we say that it's deplatformed so no one even sees it this is the world you're living in as much as me you can ignore it okay you would talk about cardano great so what are we using cardano for then what are we building cardano for then what's the point of all of this is it a magic gold rube goldberg machine to get you rich and then you get that money is it going to be worth anything and what happens when you have the money and the government shows up and says yeah we don't like you and they take it from you what court do you go to oh that's right you have no rights you can't just say i like one part but then the other part is a distraction it's irrelevant or it's unnecessary this is why i keep ranting about this stuff and keep talking about this stuff you cannot separate the politics from the crypto this entire movement has always been about the reinvention of society as a whole one thing not uh the parts of society you like but then the other parts who cares when you get to the craziness of saying we're going to create our own money you are also going to create your own voting systems your own notion of the corporation your own notion of property rights your own notion of data privacy your own notion of identity your own notion of interaction then you start talking about why don't i have freedom of association commerce and exchange and expression why don't i have these things well i just go build those tools too and then what happens after you're vested your entire livelihood is connected to this and then the government says nah we're not gonna let you do that imagine being a youtuber and you make a hundred and fifty thousand dollars a year and then you wake up you don't know why your youtube channel is shut down how do you feed your kids how do you pay your mortgage who do you talk to you pick up the phone you send them an email okay oh your google account's been shut down too what do you do you sue them with what money we can't even get scammer accounts taken down and youtube is being sued by the co-founder of apple and by billionaires what chance does that guy with 150 000 stand and those platforms now control the majority of discourse in the entire world your entire career has just been turned off congratulations go find another job okay what about all your fans well they can't speak out against it they mention it their accounts get shut off or their posts get censored can they do this is not political we should have rights about this right oh but what happens when the corporations have more money than you well they can just tell the government what to do oh okay so no matter how you vote the people who get into office both sides will basically protect that corporation and make sure that no regulation comes their way to make what they just did to you go away so build an alternative platform ah but when you build the alternative platform what's the first thing they try to do make it illegal look at cryptocurrencies in new york city we're starting to get progress wall street loves it people are very excited about it the people who own wall street say ah it's a competitor and they call it ben losky and then we get bit licensed the entire industry dies absolutely dies you have to go to a place that digs coal out of the ground and raises cattle and people visit yellowstone to actually get laws that new york city should have had it's insanity it's absolute insanity so don't tell me that politics is not important if you're ignoring that side of it you're ignoring the entire point of everything that we're doing and the reason why we do what we do and uh if you think differently okay but you're gonna get more of the same and then we're to wake up some days and all of these platforms will be controlled and co-opted just like youtube and it's going to get worse if you say the wrong things you do the wrong things your money's turned off your driver's license is turned off you can't turn on your car that's the world you're gonna go into eric miller uh what did he say i'm leaving medicine because of the level of corruption tyranny coming from the industry you know my family's been in medicine since the 1950s and it's changed a lot it's it's been it used to be they had direct relationship with the patients there weren't really big insurance companies there was no medicare medicaid and now it's just a humongous bureaucracy and you're basically told as a physician what you're allowed to do what you're not allowed to do with respect to treating your patients so if you think after you've read all the literature you've looked at the totality of all things that a particular drug or treatment is good for your patient if this falls outside of orthodoxy there's a very good possibility that somebody will stop you or your license will be taken from you there's no greater example of that than what's happened with the hydroxychloroquine thought out of things why is this a newspaper conversation why is this a political conversation it's a doctor conversation if you have a prescription drug system you trust your doctors to basically understand what drugs to give the patient they have to go to medical school they have to go to residency they have to get board certified they have to maintain good standing in the medical community so we know they're good research consumers we know they have substantial clinical experience so if i get sick and i go to my doctor i trust them to be able to look at everything in the world and tell me what's good for me so then why is it that the news is telling us what drugs we're allowed to take and not it's insanity to me absolute insanity to me and i can understand why people are leaving medicine either from the the tort problems we have we have terrible lawsuit issues here and malpractice insurance is so expensive the fact you're no longer autonomous as a physician and yeah it's like what's the point of the profession um and they say oh but if you're hurting the patient well yeah then you intervene that's why we have state boards that give you your medical licenses why there's a complaint system it's why you have fellow colleagues who call you into question you have hospital rights which require certain standards you don't you're not an island you live in an ecosystem and the whole medical system is just screwy in the united states it just shows you politics is getting into every single domain and aspect of our lives and it's so exhausting and tiring the places where it should be are when we talk about where do we want to go and how should the future be it shouldn't be in our sports and our medicine and the things that we do to keep ourselves healthy and safe and entertained how staking looking for ada things going well yeah mistaken has been happening every day 1200 registered stake pool half the entire network is delegated i i think we're like a third or more of the blocks are being made by state pool operators every five days never keeps getting more decentralized um looking through with this software push lifestyle diet and exercise let's make the whole world blue zone charles yeah yeah blue zones are zones that um people live a very long time and there's several of them there's a place in the mediterranean where they call it like the island of immortals and all the people there live into their hundreds in okinawa is another place that is uh historically very very healthy and you know there's a lot of lifestyle things that you can do to live well if anything just not being fat and exercising every day those two things alone probably massively improve your quality of life and especially at the tail end of it and it's easier said than done i used to be in great shape myself and now i weigh about 230 pounds and i said oh this pandemic god never been a better opportunity since i'm at home to lose weight i was 215 i gained 15 pounds uh it's really easy to gain the weight it's a lot harder to take it off but i have good people and the big issue is no matter how good your diet is or what you do stress has a big influence on it and you have to get the metabolism right and food in america isn't not so good i'll agree with that statement the food in america is poisonous i uh i do have a garden though and i tell you some of the food i eat there is amazing like i have my own squash and my own tomatoes and these things and you get to cook them on up well i wish kb hiring cpas in the coming years we have a cfo charles asking you lost weight though yeah i can lose weight it's not the price keeping off watch out for gout i already have it it runs in the family my dad's got it i got it the garden looks amazing yeah it's a beautiful garden a lot of raised beds and i'm going to build some greenhouses as well so i can have a 24 7 garden gonna get an rtx 3090 now for your rig no i bought this 2080 rtx literally just a few weeks before the 3080 rtx was announced i figured the performance would be like 20 better i said who cares they're getting that damn 2x you bastards nvidia screwed me man it screwed me but remember there's the guy who who buys the iphone the day before the announcement of the new one so it is what it is drink clean water lots of it i do i do i actually am see if i have my water bottle i don't i've been drinking three liters a day ugh go vegan haha no celery seeds for inflammation huh you know we actually have a lot of doctors and nutritionists in the cardano community and they always send me advice from time to time about healthy living and lifestyle and most of the advice is actually somewhat overlapping which is encouraging i think people are becoming more aware are you happy with gogan's progress yeah actually i am there's an enormous amount of progress that's happening and remember we're releasing like crazy so it's not about commits it's about releases and every week there's something coming out whether graphql or db sync or smash or node or deadlifts or a plutus related object and so we're in this delivery culture now and i'm very happy with that so things are moving in the right direction and you know for developer acquisition i think we have a really good concept there what's something useful to learn right now uh problem solving in general is really good thing to think about you know i i'm a bit biased because i come from the mathematical community and that's like the entire point of the that's the entire point of the industry right learn how to solve problems but um people have turned this into its own field of study and they're pulling into the business schools and they're pulling it all across academic disciplines there's even great courses on coursera specifically dedicated to problem solving and that's just basically teaching how to think where you wake up and you say okay first off when someone comes to you with a problem it's not about the problem that they've given you because oftentimes they're giving you surface level problems and not the root cause and what they're asking for is not what they want so it's the first thing that you learn in consulting or when you do solutions architecture for people is get to the root cause and actually try to get an understanding of what are they trying to solve what are they what are they trying to do um if you don't do that almost always you fail because you can literally do 100 of what they ask you to do you get to the end of the rainbow and it doesn't work because you've only solved the symptom not the underlying root cause like for example if somebody comes to you with bad breath let's say you're a doctor or dentist or something like that you say oh okay here's some mouthwash okay and maybe it masks it and the breast keeps getting worse and let's say they forget the mouthwash the breast is terrible so they use gum and all this other stuff well maybe they have gingivitis maybe they have acid reflux maybe they have something else that's causing the bad breath so you can give them gum you can give them mouthwash but if you don't solve the root cause you never solve the underlying problem for the patient well similarly when you look at business problems when you look at technological problems scientific problems it's not make it faster make it cheaper make me more money usually there's a systemic issue that is inhibiting their ability to do something or compete or whatever to have you if you had to learn any skill right here right now just learn how to think this way about how do we get to cause on a problem how do we identify what the client is actually asking for what i actually want to do um and then go from there to okay how do we think about what do we need to learn to be able to not only propose a solution but validate that the solution is done for example with the metadata feature with cardano the scientists got together and they wrote this beautiful spec metadata and i said hey what's our feature pairing with the metadata so we have metadata but who's the consumer of that feature beef chain we have the georgia deal etc etc okay so these are the people using it the feature is not done until they're connected people say it's done and it's implemented and the people who consume it say that it solves their problem okay so you always have to have feature pairing it's a small thing but you know it's a necessary thing for you to get where you need to go same for the bittrex issue we have a great team of engineers they're working their asses off and they're building all this stuff and they're seeing real beautiful improvements with the wallet back end that are universally beneficial for everybody but bittrex is the consumer here so they receive it and they tell us it's good enough or not good enough and if it's not good enough to give us the logs a lot of other things and then we iterate again it's frustrating it takes time but it makes you better and ultimately makes everything better so there you go [Music] charles is working 100 hours a week sustainable no and you should not it's an indication of a failed system uh or poor planning and so that's a management problem the most incredible people i have ever met who on the product and project management side were able to manage mammoth large-scale projects 000 people 10 000 people 60 agencies or whatever and they go home at four o'clock every day and they work like 35 hours 40 hours it's not the amount of hours you work it's sustainable hours and also if you're having to consistently work more than you expected it's a failure in planning and system or you're simply trying to do too much too quickly schools have been increasingly teaching people what to think instead of how to think it's been going on for a long time any advice for the intro learning to haskell a book or site i'd recommend the haskell book i think it's haskellbook.com it's a tome but it's a very good tone it's a good one to read charles can you recommend a couple of companies one can go to for app development uh vacuum labs is great atix atix is another one that's great both of them highly recommend cossack labs is quite good too and you know at some point i think the foundation is going to have a uh going to have you know some form of um cardonal certified solutions provider you know something like that so then you can look at a list and pick which one fits best for you chill with the politics go home tal you're drunk see here true random number generator for devs and gogen well we have the vrf it would be nice to expose that functionality and then you can actually have the stig pools act as cryptographic uh how's beacons massey ferguson working out 80 horsepower of amazingness absolutely amazingness although when i was in wyoming all those ranchers up there were picking on me they're like this is john deere country sir and i was like come on nasty's good and apparently my tractor is too small for them they have big tractors are the gnomes and fairies still chilling i brought them inside and i got more winter ready and gnomes but i am going to paint the gnomes with glow-in-the-dark paint your faucet is dripping no that is not a faucet sir that is an aerogarden and that aerogarden is right now growing nine beautiful flowers so in about two weeks i'll be able to look over and see these beautiful blooming flowers there'll be snow on the ground outside and i'll still have green in life around me have you ever visited singapore many times how's atala coming along in ethiopia quite well and also we have cardano in ethiopia can't read that one don't speak spanish any updates on the african farmer voucher program yeah i'm going to get an update this week uh about where we sit there we lost the primary contract to another company that's based in ethiopia and they underbid us by our obscene amount there's just no way they can service the contract in my view at that price level and i think what's going to end up happening is they're going to subcontract some things out and they did reach out to us and asked to be a subcontractor uh but um i had not gotten an update because right when that all that was happening the internet and ethiopia got shut down because of a sectarian issue and things are finally back a bit but things are still a little tough so it slowed everything down in africa unfortunately but that's okay there are three other projects we're bidding on as well and some of them have over a million users so it's a game of numbers and you just keep clicking on it oh this one's fun go hack someone else's channel create your own channel your own audience is famous yeah rodriguez will hit you with a lawsuit so you rot in jail sue me go ahead and i'm gonna have so much fun countersuing you guys why because a hacker hacked your channel put videos of me on that channel to steal money from people if you're so stupid you can't understand that i don't benefit from that in fact i'm the victim in that i would love to be sued and i would love to show up for court and explain it to you guys in person in a very very specific way and sue you for wasting my time and you'll have to pay for my legal fees and you'll have to pay your own lawyers go to hell you people go to hell you know my entire channels for weeks and weeks and weeks have been plagued by this absolutely plagued by this and people are so stupid they can't understand what's going on they can't do google searches they can't see that i put banners saying i will never give away ada they can't see for five minutes that this is a scam and it benefits me in no way in fact we're the victims of it as is ethereum as is ripple as is all the people in the bitcoin space they even use elon musk there were hackers who hacked into bill gates's and obama's in biden's twitter feeds to steal bitcoin for people in a giveaway scam what bill gates is stealing bitcoin from people get a brain you loser you know and they downvote the videos they plague the comment section with this and this is another example of what happens when these things happen you know and it's extraordinary guys i've gotten death threats there was a serbian channel that was taken over about a month and a half ago and these kids reached out to me uh over email basically saying they were gonna come kill me and giving me a description of what serbian criminal group that they belong to and it just happens and happens and happens and happens and happens and again what can we do i can sue youtube like steve wozniak is i can sue youtube like ripple is and yeah we'll spend two years in court and they won't apologize maybe we win a little bit of money will they change their behavior no and these things will continue meanwhile these idiots and these channels blame me they have no idea what's going on think for yourself ugh charles you should see about using the dmca about striking every one of those scams that use your is the digital millennium copyright act you see here's the problem i can get them taken down we in the community does they file a complaint we file a complaint if we see it and then within 24 to 72 hours usually it gets taken down what happens is that the people doing this write scripts to create fake accounts fake bots and so even if you take one down you're taking down a robot and there's another robot waiting to take that robot's place and it happens over and over and over again so the only way you can beat a robot is with another robot and the only person who has that robot to beat that robot is youtube itself they have built very sophisticated uh protocols to identify bad content child pornography animal abuse political speech they don't like and automatically can flag those videos and take them down so those very same algorithms if they were applied to a learning set of all the scams that have happened would easily be able to identify the scams and take down the videos automatically with a few false positives here and there they just won't do it so we can do it as a community and we can say ah well you know this video over here is bad and we can report that video and every single day i get two or three emails from well-intended members of the community and say charles you should do something about this video and i could spend eight hours a day of my time doing nothing but clicking report report report report it's so up that on twitter when people create fake accounts of me when i report it and say this is impersonating me twitter expects me to upload for each of those reports a copy of my passport to prove my own identity and they're allowed to have an account asserting that they're me you can't win and if it gets taken down another one's created that's how this works and i get death threats and you know all these other things and people plague my channel if you go to any of my videos the last six weeks you will see usually not in english but in some other language tons of people showing up saying why did you hack this person's channel why did you hack this person you go to hell you're a bastard you're horrible you're a hacker and these types of things and i'm just so tired of it charles do you still have in mind doing an update for the security lecture you did a while back thanks for the work from the bronx well i love the bronx it's a fun place a little while i lived in um in queens and jamaica queens had to take the e-line into the city and that was a really unique experience it was right next to van wyck station uh bronx it's a special place and there's some damn good restaurants there i hope they survived the chronovirus um as for the update to the security lecture video uh the security lecture video was an unexpected success i expected maybe five people would watch it i just wanted to have something out there and say well this is how you should think about security and i got so much great feedback on it from my own company infosec experts who emailed me was helpful suggestions and i even bought like a nitra key because people said you should maybe have an open source alternative so it was a really um it was really fun thing to do uh i will do an update on it uh but i'm actually taking a look at some content on udemy specifically revolving around information security offensive uh infosec so hacking into things and uh after i finish those courses i'm going to redo the security lecture it remains to be seen whether i do it as a multi-part series where i do maybe 10 to 15 minute clips and to create a playlist or if i do it as another giant two hour video shot that entire video without a script by the way i just did it from memory how's beefchain coming along pretty well pretty well we'll talk less about it because we talk so much about it and we'll showcase other partners and every single product summit update that we do we're going to showcase a partner we're going to showcase somebody building on cardinal and hopefully have a whole area for that [Music] did you guys use oh actually i can put these questions on the screen that's cool i like stream yard i said did you guys use the already existing formal verification tools or built your own at cardano we used existing tools uh we were pretty low tech for cardano itself we used latex we wrote a reference haskell but we've used everything from to idris to agda to isabelle for various different things throughout the time in cardona hide okay uh from gohart go do you think we will have a deep recession in the near future and that's a really good one yes i think we're going to have not only a recession but it looks like we actually could go into a global depression because of what happened as a response to coronavirus i expect the unemployment rate to be 10 to 15 percent within the united states in the developing world many countries double-digit 20 30 percent uh and it's going to take five to ten years for the global economy to recover that's my prediction general zod kneel before zod what excites you most about 2021 that's a good one too uh i'm excited that i get to travel again and the world's going to be back in business uh that's one thing the other thing is that cardano will start being an end-to-end system as opposed to an aspirational system so we saw a lot of this this year with shelley and we'll see it at the tail end of the year with gogan launches and obviously we're seeing the birth of voltaire but as we get deeper into 2021 we'll have hundreds of gaps and tokens and monthly votes and tens of thousands of people doing various things across the world very diverse and better funding structure and just so many cool things in the cardinal ecosystem to sustain it and grow it and we'll no longer be talking about these things like when coinbase or when this uh rather we'll actually be having deep conversations about one app versus another app uh one approach versus another approach and then also all these africa contracts in eastern europe contracts and so forth will start returning beyond pilots and turn into full utilities that actually are economically sustainable and so millions of users are flooding in year by year and all these deals are being serviced so i'm most excited about that it's going to be a very different year than 2020 is in so many different ways and also just to travel again it's going to be fun i miss traveling what do you think about tesla's spacex project tesla spacex separate companies spacex is a great company um it's independent of tesla but they're interconnected with each other in that tesla technology works its way at the spacex and vice versa because they're sister companies in that respect and i think it's some of the most meaningful work that we've ever seen in the world it's very exciting this is an example of when you say when marketing a question we have to answer