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hi everyone this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is december 12th 2020 12 12 20 20. special day for somebody somewhere in the world and i decided i'd go ahead and do an ama why not it's fun huh yeah i like amaze a little cold outside since i put on my pacho yes i do have a good bad and ugly poncho i think it's an essential component of everybody's wardrobe and i hope you guys agree so anyway it's been a very long month very exhausting month a lot of stuff has happened uh tons of releases we've pushed out deadlifts 3.0 first time ever on deadlifts main net not just flight uh we have had we have hardware support for both ledger and trezor and i was playing around with it the other day sending out some transactions uh new iojk staking policy is uh is underway a lot of people ask what do we do to secure our data and actually the cold environment that we use uh we're probably gonna open source that so look for that coming weeks uh sam and i built it together uh we've been going back and forth about what to do there and i'm and it might be really cool to open source all those scripts and uh a live cd using nyx os so i think you guys will really enjoy it uh catalyst fun too is now open for voting that's a long time coming it's taken i think three months to get there uh so much pain has gone through that uh everything you can imagine that we've had to overcome from a team perspective uh has been uh has been done and i'm real proud of that team they they really got it over the line there's still a lot of little bugs and issues but uh the beautiful thing is that uh once we get through fun two fun three will be a lot better we'll have a nice voting center and daedalus and all this cool stuff and uh i very firmly believe that uh month by month uh that process is going to rapidly evolve and eventually get tens of thousands of people just found out today that the cardano effect uh is uh retiring uh this is their last episode today makes me really sad uh we were the first funder of the cardano effect we brought together sebastian rick and philippe and rick and philippe kept with it and we funded the first 76 episodes and then the cardano foundation took over funding for the remaining episodes and they had a real great run and felipe and rick are wonderful community members and they're part of the best in the cardano ecosystem and i can't wait to see uh what they do next and i can't wait to see who rises to the occasion and creates more podcasts and content highly specialized content about the ecosystem and i think many people are going to do that and in not just english but in many languages so overall things are looking pretty good devnet's likely next week for the kevm uh devnet uh they are right now devops hell just getting all the final stuff uh prepped and primed and ready to go we updated the 2018 code base uh that we had when we did the early alpha of the dead nets uh when we were just testing kevm and yella to the 2020 mantis code base that we released uh for theorem classic uh so we get to reuse that code we could reuse all the tooling and monitoring and it was a herculean effort to be able to do both and release both at the same time as some of you know december 9th we actually launched the new mantis to uh some great fanfare and claim people really enjoy it the sagano test net with it to show off some capabilities and features functionality so real happy there um glow is looking good too and we're real happy to be working with mutual knowledge systems uh francoise team has been uh incredibly diligent despite the fact that they're not very large uh they've been working 24 7 to get a lot of stuff done and a lot of people are getting very excited about blow so much more to report much more development going on we've been moving we've been pushing uh and we're just trying to get as much as we can down this side of christmas then christmas break comes in we have a skeleton crew uh we don't try to release anything after december 15th it's super super important to hold back a little bit there uh and then uh come january we pick it right up where we left off and keep pushing keep releasing keep updating we should have a trezor and uh ledger firmware update sometime january was supposed to come in december november uh there were some issues on their end for other update windows and so we had to wait a little bit but there's some new features functionality coming to ledger and trezor which you should be able to use in daedalus so look for that as well and we'll just keep updating dallas i keep pushing for the identity center i keep pushing for multisig i keep pushing for uh paper wallets and these things and cracking the drum uh there's just so many features and so much to do that we're gonna get there hybrid wallets as well and uh partial delegation as well that's a quarter one thing but it'll get there you know it's uh real important that we get that uh finished let's see here d parameter keeps uh decrementing uh we're still on target for full decentralization by march and peer-to-peer keeps turning on uh so we're still on target for that by march as well so all things considered uh we're well on our way forward liftoff not bad huh all right let's get to your questions pledge from daedalus ledger nanox uh from pm yes that is one of my goals led your life staking soon i'd love to see that uh there was some commercial negotiations between the cardano foundation and uh ledger for getting ledger live support it's a little expensive and they've been going back and forth on that and so hopefully uh hopefully they'll be able to get that done it was a lot easier with trezor but ledger life's a great interface i really like it myself and it's actually using it yesterday from marcos santos anything about africa we are going to have an africa special kind of sounds like a line of pot doesn't it we're going to have an africa special episode where we talk about all the cool interesting things that we're doing there and announce some cool deals dude what are you wearing a dead deer no it's a poncho sir it's a very nice poncho from tom hi charles what are cardano's plans for multisig looking to better secure things we are actively working on a multisig coordination server and multithick is fully supported on the command line so at the moment you can use multisig through a command line but the user experience isn't so good so we are implementing a coordination server and we are implementing an interface for daedalus so multisig will come to daedalus i'd also like to do hardware multisig as well so we're in discussions about how to do that on a ledger and trezor which i think is the highest level of assurance that you can get what the hell is going on with coinbase ah you wrote some on twitter some stuff could you explain coinbase a large company a lot of things going on uh you talk to them on the left side and the right side does something completely different i we have great relationship with them we fully implemented rosetta support there's a lot of little things we do obviously you guys know that we use them as the custodian uh we're still waiting for staking support there and we're trying to augment rosetta to do that uh and i was just perplexed on this one article it was an ethereum killer article and they mentioned polkadot but they neglected to mention cardano it's just strange you know i think it's just an issue of user education and a lot of these journalists for some reason are still not uh familiar with um cardano and we work very hard to try to educate them but you know 2021 that's just never going to happen again it's our year because everything's turned on and we're going to set it all out there and remember they're a very large company and so there's whenever you deal with that left hand don't know what the right hand is doing what's the relationship between rosette and coinbase rosetta is the framework that coinbase uses for the tokens on its platform both on custody and listed it's an open source framework that they came up with and it's a really really good way of approaching exchange wallets for uh for listing and for custody how's the ergo stable coin thing going quite well actually i have a meeting about it i think before the end of the year and uh mergo and ergo are doing interesting stuff and bruno paleo's doing interesting stunts thoughts on standing desks my secretary uses one michael and uh he likes it a lot of people have met like it you'll catch me dead using a standing desk i like to sit thoughts on the floyd mayweather versus logan paul matchup mayweather is going to win and it's a travesty of boxing and just on that there were years and years and years of waiting to get the manny pacquiao mayweather fight and they waited until when they're both too old for it to be an exciting fight yet logan paul super easy to do you know this is what boxing has come to it's just all exhibitions from nico charles i message you regarding adaptive and algorithmic music for games how's your game going i'm glad you asked so uh right now i'm vetting one of our first hires for my game company uh and it goes by the name martin and i give him a bunch of stuff to do and we'll see if we can negotiate work something out uh but he's a little older and uh he's going to come in as one of the game designers and game architects uh and he worked with gary gygax and wrote a whole game system with garrett gagax as one of the creators of dungeons and dragons so right now what he's doing is he's systematically going through legends of valor which is the game i bought and he's basically writing down everything that's wrong with it all the game mechanics that need to be updated and so forth so what we're going to do is a two-stage process to resurrect this game the first is that we're going to do an enhanced edition for the game uh so an enhanced edition is like um baldur's gate enhanced edition from bbjob studios of bean dog studios and uh there they just took the original game and they updated it so it would run on modern pcs and then they added a lot of things that would be present if the game was made today uh just for playability usability the problem is that legends of valor really was not made in a time where standard rpg mechanics had solidified yet so there's no journal system quest system uh there's no persistent mapping system there's no level system experience system the combat and magic system are incredibly primitive the the the hud is extremely primitive as well um and as a consequence there's just massive things missing that even if i was just updated so you guys could play it it wouldn't be a fun experience because we just expect so much to be there now when i was a young kid we didn't have any of that so okay it was great you know but nowadays we have to be realistic and reasonable second i disassembled the code uh using something called cahedra which is a disassembler that the nsa uses it's now an open source project and we thoroughly examined the source code to try to see if we could resurrect the source code important uh very at least understand all the artifacts the dialogue trees the things like the uh bitmaps and art and these things and almost nothing is reusable so we know the whole plot we get the structure of these things but everything's just gonna have to be built from scratch so for the enhanced edition what we're gonna do is backfill in all the missing gameplay mechanics but create a spiritual uh enhancement that functionally is the same game obviously massively improved for playability we're going to write that in javascript and use something called babylon.js and make that a browser game and make it a cell phone game and a desktop game as a note application and i think we can do a lot of really good work there and build something great and probably we're going to do it as an open source project so basically we'll do like six week sprints eight week sprints it's almost like an early release title uh and over a period of time 12 months or so to 16 months once full development has started we should be able to build that game out now i'd be really excited for some blockchain based components as well for example non-fungible assets or these things and make them blockchain based and pull them in it's basically learning how to bring a video game to market and i've been talking to some people next instead of michigan state university uh who do game development uh just to kind of learn the dynamics of that business i know software and i know mathematics so i do business stuff i even grow mushrooms but i'm not a game developer so there's a whole thing there to do so that's the enhanced edition and hopefully we can do the collaborative open source project and build a great community around it and just learn how to do that once that's done the next step will be to do a remastery and a complete redesign to rewrite and i have over 100 pages of things that i've notes that i've kept throughout the years of what i want to do so that is going to be a totally new game and we're going to make it a triple a game use a middleware graphics engine kind of like unreal or something of that so you can do a aaa game and do a cross deployment across playstation xbox and pc uh and uh you know build it just like any other aaa game and we'll probably do a really cool crowdfund and we might do a drm system using blockchain and a litany of other things to kind of merge gaming and crypto together so i think it's going to be a lot of fun and basically the first exercise is just something to learn how to get there and then of course we'll build that game in a high performance programming language specifically for game software probably not javascript so uh your specific question is adaptive algorithmic music where would that fit in this line the first project the enhanced edition there was no soundtrack for legends of valor this was before that they commonly put music in games that's how old it is so we'd have to completely do uh redo the audio engineering and music it would be fun to experiment with algorithmic music at that juncture so we will definitely look at it i think there's a lot of really cool things that can be done both on the sound effects and also in the game soundtrack and that asset pipeline can be made quite unique and probably machine assisted the same for generative dialogue so that's where we're at there and uh really excited to see what martin comes up with gary geigs was a legend uh he's uh now departed but uh was one of the the greatest minds in role-playing games the last 50 years i'm really a pioneer in the entire field so to work with somebody who knew him on a first name basis and built a game system with him is going to be a really fun endeavor there's an interesting one dr corey's team discovered uh vaccine excuse me virus cure and uh that is for uh i think it's intermeson or something like that uh it's an anti i can't remember the exact name it's an anti-parasite drug and uh it's used very common in fact we use it here for my horses uh because they deworm them with it and it's been shown that uh the drug actually stops replication of rna viruses and so people have studied it for use with hiv uh they've studied it for use with um influenza and other things and it has a reasonable side effect profile and so a lot of people think it might be reasonable to use it as a prophylaxis for people who are in constant exposure to coping school teachers frontline workers these types of things and it may actually have some clinical efficacy for those of you who don't know corey is a critical care pulmonologist and he founded an organization that specializes in coming up with an evidence-based treatment profile for covet patients pulmonologists are the ones who have the stick in this pandemic they're the ones who are working 12 hours a day in the icu because by the time the patient needs to see a pulmonologist they're either ventilated or they're having so much difficulty breathing that uh they have a very high mortality rate some cases greater than 50 depending upon uh the group so uh they're the ones who are desperate for relief and looking for things to treat things and he and his colleagues put together a 28-page uh docket of information and submitted it to the fda and have been making a lot of noise about this particular drug and what they believe is that if it was to be prescribed proactively and used early in the treatment it would massively reduce mortality like we've seen with dexamethasone and other drugs and there's actually a great degree of evidence to support that what's really nasty however is that anyone who's been talking about this uh has been censored uh there's been a lot of de-platforming a lot of people shouting fake news or taking down videos on youtube and twitter which is extraordinary to me it's a cheap drug it's been around for quite some time it's already been used in different antiviral contexts and the mechanism action does make some sense and given that doctors on the front line are using it and many countries are actually using it and seeing as up to 30 reduction in mortality like vitamin d you'd say that this is a significant uh therapeutic intervention that really can help people out what's troubling to me is that the fda was quick to approve rem deserver which upon a full preponderance of the medical evidence of rem de sevier has shown that it's not particularly efficacious for almost all patients there might be some categories where mortality is slightly reduced but not as much as vitamin d or other things with observational studies so why would you approve a very complex difficult to manufacture expensive drug that i think is five thousand dollars for treatment when you have an anti parasitic that's been on market for a long time that i can go and buy for my horses uh and it's commonly used in our culture and uh and in developing countries uh in fact the discoverer of this drug i believe won a nobel prize in medicine i'll have to check that so anyway i wouldn't say it's a cure that nothing cures a virus it's a therapeutic intervention and the question is is it effective and safe given that it's already an fda approved drug i you know it seems safe or at least as safe as the fda is willing to say for standard treatments uh is it effective well the only way to know that is through double-blind placebo-controlled studies uh that said emergency use authorization has been given for dubious things like convalescent blood plasma so it makes perfect sense to give doctors the discretion there and through observational studies see if it works or not but that's the reason why i'm not a doctor or policymaker i make video games and you know let me tell you something people say cure cure cure cure there is no such thing as a cure get that out of your head everybody likes to believe that if a drug just works for them somehow it's universal medicine is very complicated and the reality is that there's a lot of conflation of circumstantial evidence with causal evidence so for example if you take a drug and then die the next day of a heart attack many people will have a temptation to say you died of the heart attack because the drop could be completely unrelated absolutely completely unrelated or it could be causal and that's why medicine's so complex and there's a whole field of inquiry that does nothing but try to figure out is this causing this or not it's a game of numbers and time you need large diverse sets of numbers and you need lots of time to be able to gradually get to a point where you say something is effective and something is safe and there's all kinds of things that are quite safe but not effective things that are effective but not quite safe and then there's a case-by-case basis for example the treatment of cancer there's many things that are done to patients which are quite damaging to them from chemotherapy to other such things but we deem it necessary because the alternative is more of certain death so you say okay what do you got to lose but that would not be the normal treatment protocol but these vaccines are another example of that in a lesser sense because the side effect profile of especially these mrna vaccines is too aggressive if it was a normal flu vaccine it would be a commercial dot nobody wants to get a vaccine when they get injected and there's a day or two of headaches and fatigue and really sore arm and chills one person the chills were so bad it cracked a tooth that's just not something that you would under normal circumstance for a normal disease rush through you would say we need to change the dosage we need to change the the schedule maybe do three shots and reduce the dose or you know change the formula because we're getting too many adverse reactions under emergency usa authorization perfectly fine because they take that in proportion to what they're seeing with covet in larger populations and yes covet for certain groups is horrible especially long coping you could permanently lose your taste you know there's all kinds of heart neurological issues vasculitis if you're 75 years old you know would you rather take fever and chills for two days or potentially being ventilated or permanent lung damage it's like a no-brainer but for normal disease this would just not happen so everything is proportional in medicine as well and it's important to understand that so uh for either mech then you know this is just another example where you say we give it to a large group of people is going to hurt them probably not for the vast majority of them just depends on the individuals and the drug drug interactions it doesn't play well with steroids which is problematic because steroids are used in the standard treatment protocol but does it have a chance to help them maybe it does maybe it doesn't but then there's a lot of things help them at one intervention help them early in the disease onset later in the disease onset when they've become a critical care hospitalized icu patient help them before they get the disease preventing them from getting disease wearing that therapeutic window there's no such thing as cure you have to ask all those questions and think about it and it's real difficult charles you agree with frederick first test local before going to africa looks like you've had your thoughts i've been in africa for three years africa is local for me i have an office there we have local employees we know government officials on a first name basis we got a great strategy it's working quite well uh the point of diversity is that you can execute different strategies in parallel so the foundation has a strategy a mergo has a strategy for example mergo's in india they're in indonesia malaysia they're all across asia we're heavily in africa and eastern europe and the united states and the foundation obviously has because of the people who are there a good chance of making fortune 500 progress we can all do that in parallel so why not we don't have to make any compromises what's the relationship with the european union bank names are projects on the way i've talked to the eba we've talked to people in the uk like the fca and so forth um it's a too big of an organization i mean we get funded from the eu we read grant recipient horizons 2020 program and uh you know there's a lot of great capital there and there's an overwhelming amount of demand for different things so you know there'll be natural growth there and i think that specialized entities will be able to get things done a lot of development of cardano that's also done in the eu from mark adra ghana is watching you charles we staking ada here all right acura is a beautiful city uh ghana is one of the most beautiful countries in the world if you have a chance to go there wonderful food great people very friendly uh i went there because once i went to a ghanaian reggae bar in osaka japan and i said boy you know i've never been to this country but if the people are as friendly as this guy's eddie's bar i should go and i went and they blew me away so i'm very glad to see we have a community there and next year i will drop by charles i know you're unable to provide timelines but could you update the community if the dev test uh devnet is looking good for the december 15th release i think it is looking good um i'll find out more on monday and we'll find see where we we sit but it is certainly going to be an all hands on deck thing to get done before the christmas break uh super super super super super important to me that we get the devnets done this side of christmas and we're even setting up dedicated support people to assist not only with bugs and issues but also develop assistance including some solidity developers to help people with their first line of apps so very important to me and i really do want to get it done do you still plan to make another security foundations video absolutely now that i plan to make it given that we're developing a special environment for key management um i think that i might update that video a little bit with a really cool uh really cool ideas so give me a bit and we'll do something fun with it okay um charles asking true that the reason why no coinbase listing is due to a high fee coinbase does not charge to list tokens it's completely at their discretion and there's nothing about that and the decisions uh these things will happen at some point do you study medicine i still keep up with a lot of things in the medical community and i come from a long line of physicians my uncle's infectious disease doctor dad's a doctor brothers a doctor a grandfather was a doctor i almost became one i did a lot of stuff you were supposed to do to walk down that road but i decided to do different things in life but i always kept awareness of medicine and close to the heart and i think we all would benefit by knowing a little bit about medicine as a field and realities of it any partnerships before 2021 yes still got a few things left have you commented on cardano be included in bitwise 10. as i said this is going to happen it's a very organic and natural thing um right now there's there's two big institutional investment macro trends that we're seeing uh one is just the acknowledgement that cryptocurrencies are a viable asset class that they're allowed to hold and the entry point there is usually bitcoin as a gold alternative so where they normally would have a commodity like gold they start using bitcoin as a store of value or in addition to that uh so that's like michael saylor and these other big guys like paul tudor johnson and you know these guys okay then the next level after they reach that beach head and they've come in is saying well hang on a second here there's a war going on between proof of work and proof of stake and we believe that while proof of work still preserves most of the value in the crypto realm the cryptoscape that a large amount of money is going to move from proof of work coins into proof of stake coins okay so then there's a question of who are the winners in that bucket and that's going to be a portfolio so there's going to be polka dot and s2 and eos and tazos and yes cardano and it's just a matter of well when they create that portfolio do they do five percent data or 10 data uh you know these are the kinds of institutional discussions that are happening right now and this is where i think organizations like cardano foundation could be very useful having somebody in the um investment relations world to kind of help discuss how those regulated products should be properly risked and allocated as people start moving from one side to the other side so bitwise 10 is a good example that whites is another example just a ratings agency creating a rating system you need this for the markets in order to risk themselves and properly diversify who are the guys in the photo behind you that's the album cover for pink floyd's wish you were here it's my favorite album from them do you actively talk to billionaires about cardano oh i do many many many of them more than 11. are you personally afraid of getting copic no one of the things that you learn when you travel abroad especially to developing countries that have endemic diseases that are are quite nasty like i've been throughout africa there they have malaria and things like loss of fever and all kinds of horrible things uh that are quite bad like there are certain places where they have honda virus outbreaks and 30 mortality rate is you develop a sense of proportionality and you say okay for me the things i do am i high risk mid risk low risk and if i do contract this what's the progression look like and honestly how problematic is this going to be for me now 33 years old reasonably good shape reasonably healthy and uh my nutrition's good take my vitamin d so if i was to contract covet the odds are i would barely notice it that's just the fact most people who contracted are asymptomatic or have mild symptoms as we are seeing through antibody analysis and extrapolation now the problem is that we live in a media environment where fear porn has been turned up to 11 and they have convinced every single person they can that if you contract covet it's going to leave permanent devastating damage to you and even if you survive you're gonna have long covet lose your taste not be able to get out of bed not be able to go about to the bathroom without assistance there's a middle ground between recognizing proportionality and risk to yourself and living in this fear bizarro world where we have to fear each other and everybody's out to get you and so forth and it's just saying okay reasonable precautions can be taken until the high risk individuals are de-risked then it does make sense to have some preventive health measures for their protection okay and they don't have to be draconian it can just simply be avoid large gatherings wash hands wear a mask these types of things and if we just did that it would slow the spread of the disease to a point where therapeutics and vaccination programs can completely de-risk the at-risk people in which case those preventive measures those slow spread measures are no longer necessary and they should go away the problem is that we just can't do that as a society and there's just too much loss of trust in institutions there's too much anger and then there's too much double standard that exists if you have a family member die you can't have a large funeral when a civil rights leader dies they can have a ten thousand person funeral uh when uh you wanna get your hair you know cut and cleaned and styled you can't go to the hair salon but political leaders can you can't have thanksgiving but political leaders can you can't travel but political leaders can go to cabo and there are hundreds of these examples throughout we can't have large gatherings unless they're politically motivated with one particular ideology of another ideology you're going to die of the virus it's a super spreading event if it's another ideology totally fine knock out a public health problem and so forth when you politicize an event you lose the ability to manage the event because no matter what makes sense from a common sense in a practical everyday mechanism you now have to look at everything through a political lens and if whatever you're told doesn't agree with the political ideology you hold everything goes to hell and all authority figures lose all credibility and this is the greatest tragedy i think of copen there were ways in the early days of this pandemic to be able to mitigate it to a point where it would have not been problematic as taiwan did in vietnam did in other nations like new zealand did do that now is basic facts like if you inoculate uh vaccinate everybody over the age of 55 just do that uh 92 of those who die will no longer die just that one thing and those are numbers from the centers for disease control you look at the raw covalent mortality rate how many of you point out oh well how do we know those are real covet deaths because if you die covet positive regardless of how you died that's still reported as a covet death another example of politicization another example of distrust in institutions it's actually a valid concern you should separate statistics and look at people whose primary cause of death was covered versus statistics where they happened to be covered positive while they died and they tell a very different story actually when that's done that said this is still a nasty disease you have to live in the middle when you look at these things it does exist and for those who have problems with it they're horrendous and they're still people who wear oxygen nine months after catching it there's still people who their taste hasn't returned uh there's still people with heart damage there's still people with brain damage and other problems and these are terrible terrible problems uh and you know we're gonna have hundreds of thousands of people running around after this pandemic is over in the united states who have permanent disabilities as a consequence of contracting coping not a good situation at all so it does exist and it is a problem but there is proportionality and uh the shaming the the brutal attacks that people have done the virtue signaling of well you're not wearing a mask governor of wyoming got covered they brutally attacked him the governor of colorado was always wearing a mask and always he and his husband both got uh covet you know you just it's a it's a highly infectious novel viral agent with avian flu a 90 million americans were infected everybody gets infected with these things mask or not just slows the spread down i think in the future we need to take a step back and say moving forward what is the long-term social response to this first off any pandemic causing pathogen the vast majority of them can be vaccinated against as a consequence we can pre-make all the one and two clinical trials for most of those so that if we ever get into a pandemic we can bring a vaccine to market in three to four months second we need to have an honest conversation in the united states about vaccine hesitancy some of this is propaganda spread by russians and chinese and other actors specifically to attempt to damage society because they understand if we retired in vaccine rates what that means is that we're going to have a slower economic recovery so it's a high impact low cost attack so you just spread bunch of junk the vaccines kill people the vaccines cause cancer the vaccines cause hiv the vaccines change your genes the vaccines are part of a new world order uh conspiracy the vaccines are going to cause permanent health consequences and so forth and a lot of people just deeply deeply deeply believe that um some people for religious reason they say oh the vaccines have fetal dna and tissue and other things in them how would an mrna vaccine have that makes no sense at all you make them synthetically in a lab they have nothing to do with that but we have catholic bishops saying that to the parishioners and saying you cannot get inoculated pieces against um our religious principles uh so we have to have a serious national conversation and the reality is that we will not be able to restore trust in these things until institutional trust is restored so vaccine hesitancy is a symptom not a root cause of a broader social problem if people just simply don't trust their government and to be frank why should they the us government in particular has repeatedly lied to all of us again and again and again and again from the iraq war weapons of mass destruction oh well i guess they didn't have that to obamacare if you like your doctor you can keep your doctor there's a million lies small and large and it's gotten to a point where there's bipartisan agreement that our institutions are pathological liars and there's no accountability and when they commit problems they they create issues there's no punishment for that so they say let's say there's a five percent chance that these vaccines are problematic if that is the case there's no liability nobody will go to jail no one will go out of business no politician will lose their job he'll just move on say oh well you can't operate a society where people are given a mandate to lie to the mainstream they get away with that and then when their lies result in harm or damage to society there's no recourse for that that's how you get a civil war and that's where we're marching towards it's every election cycle that gets worse and worse and worse so above and beyond what we need to do to get out of this the next thing we need to do is really have a serious conversation about uh institutions and how the hell are we going to restore faith in institutions is that even possible or not and number three i think everybody has to be aware that the world is complex and nuanced and we do need institutions to navigate it in the olden days before mainstream society we had religion that was the anchor that allowed people to navigate complex existence why did this happen because god said so good or bad yeah the dark ages these i think they had a religious way of looking at the world for scientific medical political and uh economic and warfare consequences okay then we moved into the enlightenment and then suddenly society i said to figure out complexity you have to use a scientific method and you have to use thinking tools and deductive reasoning and you can gradually put pieces together and figure out how things are running we have now moved to a post enlightenment where the world has become too complex for anyone to understand i can't understand it bill gates can't understand it even musk can't understand it it's too complex and interdependent interconnected okay there's so much going on cosmological things going on aerospace things going on biological things that computer science the rate of innovation is doubling every 18 months it's crazy there's too much data the point of institutions is to handle that complexity you create institutions to manage and handle complexity i build a business to do business at a scale that i cannot do i build a hospital to provide medical care to people on a scale that a doctor cannot do okay small large gargantuan institutions are there to get things done people don't trust institutions there's a social regression and what they need to do then is look at complex things as simple and get black and white answers cure no care lethal not lethal enemy friend in my camp out of my camp good actor bad actor and you can't do that you'll have a horrible outcome if you go down that way and you end up having highly polarized people who dunning krueger their way throughout life and they end up hating each other for crazy reasons and just honestly deep in their core believing that the world works in a very simple way it does not so it is super important for the durability and survivability of the human race we find a way to restore faith in institutions so that we can deal with the complexity of the 21st century and if we cannot do that well then we're done as a species the only way to manage society will be extinction or dictatorship [Music] uh that's a good question how do you explain the cardinal project its mission in a few minutes does someone not engage in the cryptocurrency space or even the financial sector i think the easiest way of explaining it is that the world is going through an upgrade where we're going to go from a split system to a unified system right now we have two systems the develop world and developing world system the develop world system has banks insurance credit it has identity you can do business online you can build trust with people manage risk and uh be able to grow wealth so any person born in a developed world country if they work very hard has a good chance of getting to a point where they can retire and have a good life that means a life where they have food water shelter they're able to pursue things that make them happy and have enough left over that when they become weak and vulnerable their savings can cover them to pay for those infirmities when you look at the developing world for no fault of their own they live in systems where wealth creation is very difficult even if you have some of it because you can't insure it and hedge it when an event happens be a war or natural event like a hurricane or a tsunami they get completely wiped out so the world is upgrading so that we'll have a unified system where all seven billion people eight billion people live under one uh financial operating system so your identity is interoperable and universal you can get a loan no matter who you are where you at you can get insurance no matter where you're at you can do business with anyone in the world in a friction free way the point of cardano is to acknowledge that this must be done with principles so what are we trying to accomplish we're trying to push power to the edges and put you in charge of your own money put you in charge of your own identity put you in charge of your own voice and give you governance and these types of things so that when we get to that universal system we get to an open decentralized principled system that can't be co-opted highly resilient to people try to come and tamper with it and then suddenly the richest people in the world the jeff bezos of the world will use the same system as the poorest people in the world and both of them will have a better system than the system that came before it in both of those old systems that's what we're trying to accomplish that's not a short answer charles well you know she said a few minutes that was a few minutes yes is chronos implemented this always happens with molten tar monster number three so when chico crypto does a video he'll criticize some arbitrary part of our system and the criticism's just out there and he's oh well we use a central clock and and that central clock is not used by polka dot therefore cardano bat well so does f2 um ntp and these things like it if they break the entire internet breaks so don't you think that's reliable infrastructure that's going to be around and useful you know and there are of course many recovery mechanisms if there was an mtp problem it is not a practical vector of attack for a reasonable scale system now we'd like to be reliant on no thing and no one and as decentralized as possible so we were the first to address this in the very first paper of its kind with something called orbor's chronos but it would be an unnecessary diversion to just go and chase three months of implementation to pull chronos in when we don't need it as a system right now there's still federation in the system you still have oh bft nodes working with the stake pools and making some of the blocks so until march you still have that reality you still have relay nodes and these types there's an order process that you have to go through the other thing is that chronos should be implemented with redux should be implemented with genesis and should be implemented with fast finality and high throughput enhancements to the system so aurabor is too a rollup of all the research that we've done which will make it considerably better than anything in market so the name of deployment execution is saying what is a problem today what's a theoretical but unlikely issue versus what is a practical and certainly problematic issue to resolve and understand how to balance things and create a roadmap accordingly youtube jockeys don't do that for a living they just sit get a surface level understanding of something and brutally attack people uh based on that surface understanding for example it's analysis of mantis oh there's only nine notes running mantis was never released as a production system it was always a proof of concept experiment and we got the code base to a point where people could use it but we never released it as a product we never prioritized it we never advertised it so that's like saying oh well this experiment you did in the lab no one is using that experiment well yeah it's a lab experiment it's a proof of concept to demonstrate we could do something and we're reusing it in different things like for example with the devnets and now we're for the first time ever actually productizing mantis and bringing it out into ethereum classic was that mentioned no because this is what a youtube jockey does they take a small sliver of something and then try to convince you that is everything and leave out key facts that would radically change the entire story and argument and any person who listens to him at this point shame on you you're the idiot not him he knows exactly what he's doing and he knows how to do that to mess with people you know it's 2020. we've been working on cardano since 2015. first time i've ever heard anybody complain about the clock we wrote the first paper about it this is distributed systems conversation the very first paper that leslie lamport wrote i think the 1960s was on clocks it's a very very well understood long arc problem in systems theory distributed systems theory and it just blows my mind that a youtube jockey can make a video and then i get asked over and over what are you going to do about this centralized clock oh my god it's as if like there's one server out there and that server goes down and cardano goes down no no you idiots that's not the case that's not how it works at all and if the internet breaks then how does cardano run at all because your isps go down so what you have your own isp and they say oh but we need to be decentralized and everything what if there's a hardware backdoor inside your intel processor and your amd processor i guess we should go to risk five and only deploy there but how can we trust the fabricator yeah well we gotta make our own processors we gotta fabricate them ourselves but how do we know that the raw materials are right well let's go to the beach grab our own sand off of it and you know dope our own silicon i mean how insane do you want to be going down this road you need some notion of trust somewhere either in your operating system your hardware that the internet is going to work properly especially core protocols that run the entire internet and if you don't have any of that trust crypto doesn't work for bitcoin or for any of these systems sorry it just doesn't work your secret keys can't be kept private so you might as well just buy gold and not have a computer all around and live like the unabomber in montana you know hmm from jean franco diaz he says hi charles would you say an ai singularity is a concern a lot of bright people seem to think that um this example of what we term existential technology okay in the 20th century the very first existential technology invented were nuclear weapons the first time ever we had a platform that if it was misused would end in the extinction of the entire human race or such a radical destruction it would set us back like an asteroid would set us back or something like that or a super volcano going off it would really end the world and uh in the 21st century we see multiple existential concerns at the same time coronavirus has really made it clear to the world that pandemics happen and we as a species have gotten super lucky that the pandemics of the last two centuries have been relatively mild okay spanish flu oh it's 20 million people okay but it's only a few percentage points of the global population all right we had the misfortune that was spread on the back of world war so really got it out there but the black death in the 14th century it killed over a period of a few hundred years a third of the entire population of europe a third line up three people one dies okay very bad situation so historically there's been smallpox pandemics there's been all kinds of things like the famous plagues in athens during the peloponnesian war or you know the justinian plague when he was trying to reconquer western europe all of these things have been just devastating to mankind and actually during marcus aurelius there was a smallpox outbreak that probably was one of the principal reasons for the long-term decline of the western roman empire so existential concern what happens when crispr and genetic engineering these things come into play and it's really low cost for a small team of people five people to have a conspiracy and invent in a lab a virus that is as lethal as ebola but has the contagion and spreading dynamics of corona or measles okay what if you build in that it takes a real long time to three weeks while you're infectious but asymptomatic that tail would be absolutely catastrophic because by the time it kills you you've already spread it to 16 people or 17 people and then keeps going and keeps going and it just spreads the world like wildfire strategically released so biotech is getting a point where it could be existential there's things called gene drives that can permanently alter the genome of an entire species and for example they're experimenting with mosquitoes to exterminate them this way you could sterilize an entire species in a few generations set by technology then you have nanotech and there's a whole collection of existential technologies that will become evident in the 21st century ai is an existential technology at some point we'll reach a threshold where an ai gets enough capabilities that it is able to start doing what it's told to do in ways that could be counterproductive to us so stuart russell writes a lot about this and in his books uh he did the bible of a.i but then he also wrote a great book the title escapes me for the moment uh which discusses the i think it's the problem of control it discusses basically how do you build a useful ai that does the things that we have objectives around but doesn't go ahead and optimize in ways to harm humanity you know the great goo problem or these types of things so i think it's a huge concern and it's an undervalued thing humans tend to underestimate and be myopic to longer term existential problems and they tend to overestimate and overreact to local concerns in the time horizon we have invested more effort into coronavirus than in any other human endeavor since world war ii collectively the threat of coronavirus is miniscule to the threat of artificial intelligence but no one talks about it on a global scale so it's a definite concern because we don't have the right people in the room governments are not aligned in a way and incentives are built in a way to have private siloed ai's that will eventually evolve to a point where they cause existential problems for people and there are other existential technologies as well space faring and asteroid mining for example eventually the you know work the point where somebody can tow an asteroid from the asteroid belt and crash it to earth if they wanted to that could end the entire human species actually and all species on the planet that's what got the dinosaurs uh so all kinds of things could be done and 21st century is the first century where we have technology to go down that road we also have these issues with transhumanism where people begin augmenting themselves like for example brain computer interfaces and genetic engineering it's like gattaca meets uh cyberpunk and uh it's gonna be uh it's gonna be a wild ride and if your social systems can't account for that the strife and unrest of meta-humans is going to cause huge problems in the 21st century as great people like evol harare write about it and a lot of good philosophers write about it as well and unfortunately um governments are not structured in a way to actually be able to deal with these problems charles thoughts on wall street listing futures on water first time ever when mad max i am buying an atmospheric water generator it does 50 000 liters per day i have 250 kilowatts of solar capacity i'm installing here on the farm and i'll be able to make my own water um i just don't trust government anymore they're just incompetent and evil and they just do horrible things and so i have no faith in their ability to ensure proper supply chains and so i'm in a position economically where i can protect myself and those i care about but it just makes me sad water is a human right there's nothing more fundamental than that than perhaps error and the fact that it's being turned into a commodity and now we're going to have water scarcity when seventy percent of the planets covered by it it's really just an energy question is extraordinary to me absolutely extraordinary to me and disgusting and it's another example of colossal mismanagement galen asks hi charles do you like magnets i do in fact i am creating a feral magnetic fluid sculpture for the iog office here in colorado and we're going to start working on that in march it's going to be a lot of fun ferromagnetic fluid for those of you don't know it's black fluid that has a lot of iron in it and when you run a magnetic field with it it actually changes shape and form and you can build beautiful sculptures with it it's used in uh dynamic suspension systems and it was created by nasa for the uh the moon rover way back in the day hi charles from cebu philippines glad to see that we have some filipinos in the audience glad i caught this one live well i'm glad that you did another example of the things i was mentioning earlier vaccines kill right loss of trust in institutions does this i really sincerely believe this person absolutely believes that just believes it to their core and read a lot of stuff and did his research and there's no way you can convince them it's lost they're propagandized bees on the ranch yes i am planning on actually having some hives my father works with an endocrinologist who does honey mead he's one of the top guys in wyoming to do that and so next time when i go on up and i'll see if i can arrange a time to go sit down with them and talk about a culture we also because we are in ethiopia have a lot of exposure there they have a honey uh honey wine that they make there so there's a huge amount of bee and honey production and ethiopia is one of the few countries where there's a net increase in the bee population instead of a decrease vaccines do cause death in a small number of patients okay how many if you're aware of statistic or you honestly believe that then how many and if you have to go back 70 years to a polio trial where a few people died to say that that's indicative of all vaccinations you're an idiot just don't get it you know the reality is that most vaccines cause no problems at all for society and there are certain vaccines that have been made that probably are a little difficult like bio-thrax for anthrax yellow fever vaccine rabies vaccinations they're problematic but they don't normally kill you the vast majority of people receive them have no problem at all we inoculate hundreds of millions of people every year in the united states for a variety of things from tetanus to the flu if they're poison then should we all be dying at this point and you know when you believe these things again no proportionality go back to the 19th century with measles mumps rubella all the childhood ailments all of the communicable diseases that we didn't have the ability to vaccinate away it was a fact of life as a parent you would have to have seven kids because three or four of them would die before the age of 18 from these types of conditions especially in urbanized locations that was human existence that was human life in that time period it's been a miracle vaccination mass vaccination absolute miracle and people are so convinced that these things are poison not in my body you put things in your body every single day most of the time much higher risk how do you know your alcohol was properly manufactured uh well i trust the company what vaccines are made by big multinational companies your alcohol usually is too how do you know your food is high quality well the fda regulates that protects me but they regulate vaccines so the new world order the cabal is really interested to make sure the vaccines are toxic and destroy you and sterilize you and kill your kids and give you autism but they'll let the food supply be okay unless you're completely conspiratorial in which case no the food is poisoned too so you have to grow your own food come on you get in your car how do you know your car is going to work how do you know your brakes going to work oh there's regulation well you can't trust the government regulators not working no no your brakes gonna break any time and they're evil corporations so you know you're gonna hit it you're gonna be on the highway they're not gonna work you're gonna go and die or a hacker will hack into your car take it over and kill you okay risk is proportional they say oh but liability liability uh you know what do we do what do we do okay you want expensive vaccines or you want cheap vaccines you want cheap vaccines you're going to have to have a different liability structure you want expensive vaccines built into the cost of the vaccination is the ability to deal with it because here's what happens person gets vaccinated the next day they die of a heart attack the family says the vaccine caused the heart attack there's no medical evidence of it some of them will sue the vaccine manufacturer if there's no profit in vaccination or low profit vaccination 50 000 of those cases every year on a global scale are enough to bog down a small to mid-sized vaccine company in litigation so you need to provide liability protection to them if you want mass vaccination otherwise you have to let them charge five hundred dollars a dose to be able to build up an economic mode to take the hit from the family that does that i'm sorry it's just this is an example where critical thinking is not working properly and conspiratorial thinking has overtaken an entire group of people and you take drugs the supplements you take how do you know the supplements are safe i'm researching supplements right now for mushrooms to create lion's mane supplements there's very little regulation there i don't have to do broad scale inspections and these other things to put something in your body and you go to the health food store you see thousands of supplements all across some from small companies where there can be all kinds of contamination in them you take all these prescription drugs the antibiotics you take those are devastating to your microbiome far more harmful in many cases than anything a vaccine is going to do for you it's all but there's ethylene glycol or this thing in the vaccine there's fat and millions of consumer products all around that people touch interact with every single day you know yeah but there's allergic reactions people have yeah the two allergic reactions that were in the uk those allergic reactions were from people who have to carry epipens because their allergies are so bad that things trigger them all the time and they have to go ahead and inject themselves their throat will close up they die plenty of people running around where that's the case stands the reason they're going to have a hard time with that and what we say if you have that lifestyle don't take it proportionality it matters and if you can't adopt it you can't live in a complex world if you can't live in a complex world you must regress to a simple one or you must outsource to institutions to take care of you what are you gonna do yes i take lion's mane every day it's a great drug what are your thoughts on airdrops and burning tokens everybody knows how i feel about burning ada and i don't know why people keep asking there is no giant pool of unallocated data floating out there every ada in circulation belongs to somebody so if you're asking about burning aveda you have to immediately follow that up with whose ada do you want to burn now i had some people reach out to me over telegram saying that i should burn my own ada okay i guess i don't deserve to be paid for the work i do