Cardano AMA Jan 3rd, 2020

hi this is Charles Hoskinson broadcasting live from warm sunny Colorado today is a very special day it's January 3rd 2020 not only is it a new decade a decade that's gonna bring a lot of interesting things to the world it's also the 11th birthday of Bitcoin came out in January 3rd of 2009 to the general public and boy it was one hell of a decade and I'm very excited about the upcoming decade Bitcoin will always be very special to me it was my introduction to the world of global finance it was my introduction to a lot of wonderful problems to think about like remittances and microfinance and a small ragtag group of people not too long ago changed not only my world but a lot of other people's lives change the whole world we now have a global movement millions of people every day wake up thinking about cryptocurrencies and blockchain technology hundreds if not thousands of academic papers have been written and we've seen just a profound influence at the g20 and the g7 have both talked about it global regulations are starting to change and every central bank in the world is aware of crypto currencies and some are even taking positions in crypto currencies there's really never been a time in human history were one piece of technology has obtained such enormous global relevance without any central coordinated effort any central coordinated marketing no company controls it and in the revolutions just getting started so first off happy birthday Bitcoin it's been a hell of a ride and I look forward to the next ten years to see where this takes all of us also welcome to the new decade 2010 to 2019 was pretty crazy and now we're in 2020 and 2022 2029 is going to be very interesting this is the decade where we're probably going to have the first brain computer interface consumer devices be implanted into people for example the neural lace this is the decade where we're going to see private space travel really take off this is the decade that VR and AR are gonna go from fun things to mainstream things will probably have glasses by the end of the 2020s that you can put on that have augmented reality built-in cell phone technology is going to go through several more doublings we're going to see the proliferation of electric vehicles this decade Tesla really proved out the model every manufacturer is going to have it and battery technologies aren't going to get better we'll probably see the density double or quadruple this decade so we'll have cars that can go 600 miles to 1,200 miles on a single charge and charge very quickly we're going to see a huge proliferation and alternative energy so we'll probably see the global solar capacity double to quadruple if not larger the same for wind we're going to see a lot of great storage solutions come online we're going to see all kinds of new propulsion systems come online physics is advancing at an amazing pace I just read recently that quantum teleportation just happened between two chips so that's gonna be really exciting to see where that goes this is probably also going to be the decade that quantum computers go to full mainstream viability and the commercialization of that technology is coming soon this is going to be the decade that 5g gets fully polluted across the entire world really changing a lot of things in the wireless world and spectrum things like Wi-Fi six are only going to evolve bluetooth is only going to evolve so v2 v and Vita I self-driving cars and intelligent infrastructures really going to make its way through so this is going to be an amazing 10 years and it's going to change a lot of things and the consequences of this technology will reach its way to every government service to democracy itself will probably see another economic collapse similar to 2008 sometime during this decade and I think that means it's a great opening for crypto currencies to be ready to start taking over the global economy so I'm really excited to see what happens this is probably the decade that we're going to see one or more African nations enter the League of Nations and be of the same economic prominence those countries like Brazil and South Korea it could be Kenya could be Ethiopia it could be Nigeria but it's going to be really exciting to see that happen this is the decade also that we're probably going to see all kinds of new innovations on the movement of people and from dealing with diaspora to new passport systems to new identity systems this could be the decade that we have self sovereign identity really take prominence and hold this is also the decade that data is going to start being treated as it is as the commodity and new rules and regulations are going to start materializing in the whole data surveillance at capitalism an economy that was developed over the last 20 years will start being reined in through regulation perhaps global regulation so it's it's going to be a crazy crazy ten years and it's the privilege of a lifetime to be alive right now to actually see these things whether it be in the biotechnology spectrum the nanotechnology spectrum the ICT world our or otherwise actually work their way to mainstream it's also a privilege to start seeing a lot of things change this is the last decade of traditional organized media in my view we're probably going to have less cnn's and fox news's and Bloomberg's and Wall Street Journal's and more Joe Rogan's especially as we enter the 2025 s and beyond and I think our space in particular is going to fundamentally change the incentives of journalism and will actually move to a different way of paying for content curating content and the age of the long-form the longtail is about to begin and so so it's going to be very exciting to see that occur also the continued adoption of open ideas open technology and idea flow every fortune 500 company has a dense portfolio of open source technology this was not the case in 2000 and less the case and a little bit more the case I should say in 2010 but now as we enter 2020 heading to 2030 gonna be pretty exciting is to see how quickly people are collaborating and how products are being built from common DNA across industry it's just good for you the consumer it's good for all of us so anyway where does card Auto fit into all of this this is hopefully our decade Bitcoin owned the last one and I hope by the end of the 2020s car Donna will be the most predominant force in the cryptocurrency space and become a true social operating system and my hope is that we can see thousands of meta tokens living on our platform from securities to commodities to stable coins to all kinds of representations of value we can see billions of transactions every single day over a billion users in this platform and really it all comes down to can the technology properly meet the right incentive set and have the right commercial utilization these are the three things that have to be put together we are at i/o HK obsessed with getting the technology right we think we have the right paradigm the peer review process has given us unparalleled clarity and understanding trade offs and understanding where this can go and has allowed us to talk to everybody in the world at it with a common language about what we can do and we've mastered everything from vdf to vr af-s we've mastered everything from consensus protocols to the underlying cryptographic primitives and we have a very good understanding of what needs to be done to build a global scale system and how to do that in a responsible peer-reviewed sustainable way so from a technological perspective we feel our approach is right this year in particular we're really going to start hitting the commercials hard I've announced to my company that were on a Cardinal first strategy meaning if we build a product we always ask ourself can we deploy this product in Cardiff so someone comes to us and says hey we'd you to do some interesting blockchain solution whether it be supply chain or otherwise before we look to atala or other things we're gonna look at Cardinal first and see if we can do that I think it's very important to dog food to build these things properly so hopefully the Ethiopia project will be able to launch that currency on Cardinal and it's the same for the credential verification project in Georgia and other such things so we'll always be Cardinal first at least this year hopefully throughout the future and we're going to get very aggressive about the commercialization of the technology as Shelly turns on and as Gogan turns on we feel that this is a platform that has a right to exist and we feel this is a platform that brings a lot to the table and allows people to solve problems in ways that they couldn't previously so anybody who comes to us and asks for solutions we think this is the platform for solutions to exist and of course we'll push that mentality with our partners emerge oh and the foundation and we're really excited to see where that's going to go in terms of incentives we look at token mix of incentive schemes government systems as first-class citizens to the growth of a product the reason why Bitcoin was so successful was that in the simplicity of the incentives model that Satoshi created it created an incentive for people to Mynaa similarly if were to be successful we needed incentives to participate incentives to build to be directly aligned with the growth of the system so with the launch of the incentivize test net we're learning a lot about the business of state pools and we're learning a lot about the business of maintaining a cryptocurrency and creating stability there there are already 500 state pools that have registered and we're learning everything about what saturation metrics should look like to who's a good operator who's not a good operator and just how this marketing looks and the user experience looks and so this is a topic that we're especially this quarter incredibly interested in and throughout the year will be incredibly interested in investing quite a bit of time of resources at i/o HK and our partners emerge oh and the Cardinal foundation investing a lot of time to make sure that we fully understand and as we exit 2020 and we go throughout the decade this is going to be something that we do continuous research in and the better we get the better the feedback loop becomes the faster we can grow and get to those billion users and become a true social operating system that's beneficial to everyone in the world so commercialization technology and incentives are the three things that need to be aligned for us to achieve that the coveted number one spot and to displace Bitcoin and become the platform that people want to build their DAPs on and become the platform that people want to store value on we built Cardinal for a reason it was not an academic project it's a commercial project and we want to see it grow so this is going to be a really exciting time but we have to remember where we came from and we came from Bitcoin and Bitcoin will always be around and it's always going to be a valuable project it's always something that will have a soft spot in my heart so and on behalf of the Cardinal community happy birthday Bitcoin thank you so much for all you've done and we wish you well and to everybody in the Bitcoin ecosystem we wish you great success and we hope that you continue to grow and to stay stable and continue to innovate there's a lot of really exciting things in the Bitcoin ecosystem from lightening otherwise that we can learn from and potentially benefit from and Bitcoin has created liquidity for crypto currencies everywhere and it seems to be an accepted standard that governments are ok with meaning it is the gateway drug to our industry and we'll probably maintain that role for the foreseeable future so it's very important that we we continue to collaborate where we can and the very least wish everybody well as an industry as a whole a great maturing is happening this decade crypto winter has had a positive effect in that it's starting to drive out the easy money people and the fast at loose people and it's shaking out bad and leaving the good so there's a lot of great projects out there to collaborate with work with learn from and build with and one thing that we're going to be focusing a lot this year is collaboration and to learn from other people work with people whether that be through standards groups like hyper ledger in the w3c or that be through direct relationships with other cryptocurrency projects example horizons one we've always had a great relationship with but there are many more than I think we could reach out to build great relationships with so we're extremely excited to see what we can do and how we can collaborate through the foreseeable future in the years to come and we think that there's a we all have something to gain from talking to each other and knowing each other and being friends with each other as opposed to competitors we all too often look at this industry as a sum 0 industry and the reality is that we either succeed together or we fail together but there's no such thing as just one crypto project winning there's too many people involved too many cultures too many languages too much money too much value to quantify for strictly one blockchain to rule them all instead it's going to be an internet of blockchains and Internet value and the most important thing is we can collaborate in ways that produce value for everybody namely you the customer so we're very excited about that so there's gonna be a hard year a lot of things coming this month alone we have a lot of releases coming likely we're going to get a tres Tia the Haskell wallet back-end linked with the pirate reboot node and the OPF t fork and that out in January certainly February is not January the Haskell Ross the Haskell Shelly test that's coming soon will announce that when we get a little closer to it and then of course the Shelly main net so that's something that's coming soon and then immediately thereafter we have to be talking about gold and Goggan Dogen we already are I'm starting to dial up the heat on the Pluto's team to make it easier for people to start writing dax in Plutus and so in anticipation for these steps to be ported from the mock chain interface that they've constructed to run on card on o itself this is a high priority you have to get smart contracts into our system we need to get them in and we're gonna beat that drum as loud as we can because we honestly believe Marlowe Plutus in the model you've chosen is much more viable and sustainable and frankly much superior to the EPM model that said we will also have an interoperability strategy for aetherium and we will announce that it's at a later date but it's something that will happen this year the boss should work is going well simulations are underway we're making progress with Hydra and that's going to be a very exciting thing but this is also the year of the recursive snark and that's going to change the entire playground because you can achieve occlusive accountability as a property without having the full blockchain so my congratulations and thanks to the electric point company and their amazing work with Halo but that is just the beginning of a long road that will increasingly get more sophisticated for the concepts of outsourcing computation and privacy and it's something that every cryptocurrency project if it wants to maintain viability must adopt at some point in the future we already have a dedicated team that does nothing but implement snarks and we've been working diligently for almost a year implementing Sonic which is a start we created back in 2018 and based upon that knowledge in a summit we're holding in Edinburgh at the end of this month we're going to develop a strategy to upgrade what we've already done learn from the other starts that are in market and Starks that are in market and also have a strategy for how we can pull something like halo into carton so we can have best-in-class like clients and do that in a responsible amount of time we're also looking at private computation this is a topic that we introduced through a paper called Cucina it's already on ePrint if you guys go and see that if you type in Kachina private smart contracts it should probably come up on Google and this is just the first of many papers to come exploring that topic and it's a very important topic for a litany of industries whether it be health medical records interbank settlement or other things where privacy is a requirement by regulatory standards so this is something that we're definitely looking into and we'll build a product for and we'll make that announcement at a later date so in addition to all of this we're still super interested in interoperability and we've made great progress with the new clubhouse from the optimization of them to making them practical we've made great progress proof of stick side chains or even looking at recursive snark based side chains we have a Prada paper that we've built internally called lattice and for in collaboration with the horizon project well make an announcement a later date about when and where we'll do something like that but overall it's really exciting to see that people are having real legitimate conversations about how do we get bla chains to talk to each other move the information value and identity between these systems and allow you to interact with assets from systems that aren't your own whether bitcoin chooses to participate directly or not it's being dragged in through layer 2 solutions and so there's definitely bridges being constructed and we're really excited to see where that can go and it's something that is going to be necessary for us to get to a billion people so it is the first classes what's been most humbling since the launch of the incentivize test net has been the participation of our community in the success of our product we did not expect to see as many state pools as we saw we did not expect to see as much feedback as we've got and that's just a testimony to the loyalty the pride and overall excitement that the Karnataka community has for what we're building and if this is the beginning I'm very excited to see where this is going to go because at the end of the day I think that we can build an entire revolution with what we have you don't need a lot of people I remember back in 2007 joining the Ron Paul campaign there were only a few thousand people floating around the entire country who were volunteering or working and very few people that ever even heard of them by the time I left in 2008 there were over two million people floating around the campaign for liberty and other Ron Paul associated movements so to go from five thousand to two million in the year's time shows you how quickly you can grow and I see the same elements I see the same passion enthusiasm incitement and simplicity with our people that I saw with the Ron Paul movement so I think that bodes very well for for allottee and our ability to grow and what we could achieve it's amazing to see everything from the old to the young it's amazing to see high school students come down from central Wyoming and be able to set up a state pool using a Raspberry Pi all the way to retired doctors of Miami be able to talk about what we're doing to unify that many people in 110 with one message it's humbling and it's exciting so this is a great year of focus a year of commercialization it's a year of very disciplined development and it's year where we actually start becoming our own and so thank you all for what you've done and I look really forward to working with you and building with you okay so that's a that's our brief update the product managers are going to start updating you guys regularly my hope is this month if not this month in next month but every month thereafter a part of you the product senior product manager behind Cortado person in charge of Cardano she and her product managers will be giving you guys regular updates basically saying what if we accomplish this month would it be learning what are we doing what metrics are we using what are our KPIs it's eccentric cetera they'll be doing that in conjunction with the Cardinal foundation humberto chooses to participate them as well now this is an accountability metric but more importantly it's also a metric so that we can demonstrate what responsible leadership looks and ensure that every month there's something there for you guys to see it review and understand there's been amazing progress in the last 12 months for cardinal and all too often I see on Twitter reddit and other channels people just ignoring that or pretending it doesn't exist or just not aware of it and they just beat the old reliable drama of scam coin just a wallet nothing they're just a test net not a real product and that's a blatant insult to the people who wake up every day over a hundred at our company to really want this product to be successful and want to see this become a billion person ecosystem so the burden is upon us to be better at marketing this is also the month that but can she deliver the first brand proposal for that we for the brand refresh of car DOM and will work very closely with them the foundation and other key stakeholders to ensure that that gets done and pushed out I've also sent a formal request to the Cardinal foundations board to have a clear concise Africa strategy and Japan strategy Japan to get liquidity and unlock and open up that market there's a lot of work that needs to be done there and in Africa they have a fifty-two country strategy be represented in every country in Africa and make sure that we have a proper presence there and that real solutions are working their way into the marketplace and especially after gogin launches it's incredibly important I'll do my part I'll go to Africa go to South Africa I'll go to Uganda I'll go to Rwanda and many other places meet with a lot of their leadership there's only so much I can do we need boots on the ground and more importantly we need products on the ground so it's very importantly important that emerge on the foundation invest heavily in that continent get things going and will open as many doors as we can for them ok so let's get to your questions and let's see if they're good ones they always are all right this one comes from mind analyzer he says will we have notes pools and passive wallets using the Haskell code on test net will there be another snapshot with a pledge system with rewards be implemented on test net so the reward scheme as specified in the formal specification is implemented will be implemented in the Haskell note so the Haskell node has to follow the formal specification in many cases the executable spec is the implementation for the Haskell note especially on the legend rules so whatever the formal spec says for incentives will be followed in the Haskell side this was not the case for the rest side it was inspired by but we gave the rest team for the the freedom to diverge in cases where they felt that they could bring something to market faster because our priority with the incentivize test net was to create a collection of state pools and those operators they're they're willing to work with us so whether they're using rust infrastructure or Haskell infrastructure if they have to modify a script for one versus the other just the fact that they're there they're staking their building commercial relationships and they're being delegated to was more important because we wanted to understand first how many people would the stake we wanted to understand if our GUI was right and we also want to understand who wanted to be involved on the state pool side so the point there was get it to market as quickly as possible so that we could see those metrics and work with that community and follow them along and then when Haskell is ready have that be a faithful representation of the of all of the science and the formal methodologies that we had chosen to follow so this two stage approach meant that we had the benefit of agility but then the benefit of a rigorous development approach also if things needed to be changed or we decided to get new business or technical requirements we would then have a canary in that coal mine so that we could pivot some of the Haskell designs and specification designs to reflect those lessons that we've learned from the launch of the instead of ice test net now the question of will we do another snapshot that's still open so likely not but it does depend upon the latency between the launch of the Haskell shellye test net and when we launch mean that if that's going to be a short time period then we will not do another snapshot if that's going to be a slightly longer time period because of some scope increase then we will do a secondary snapshot but there's a lot of discussions there that said we are creating a unified approach to how things are going to get listed on exchanges with the address dia program and we are also creating a lot of infrastructure for stinkville operators and so we're learning as we go and a lot of that's going to be ported over are you aware of the enigma project of secret contracts yes they use multi-party computation you once mentioned that card on I might include such a feature in the future yeah and Kachina is actually the research threat that we're doing this studying private computation we also had a research trip with multi-party computation and we published several papers along that line including Royale and kaleidoscope if you're interested and we'll probably release a product involving Kachina at some point Charles one coinbase or never I I really want coinbase and I hope soon we'll do everything in our power Charles you mentioned before that I which gay team is working on a project that is bigger than Cardinal itself can you talk about this project cardano's big and we work on lots of stuff if we do another product or project we always think about how we can cross pollinate and maximize the benefit for everybody and we always make sure that the products that we release do not compete with each other it's kind of funny especially in the world of computer hardware every now and then hardware manufacturers release accounts elf cannibalizing products an apple even to this for example when they released the macbook they also had the MacBook Air so they had the Mac the pro that was clearly different than MacBook Air so they didn't compete for the same customer segments but MacBook and MacBook Air did so why would you buy an error over a MacBook or vice versa doesn't make a lot of sense so you never want to be in a situation where one product cannibalize the sales from another product within the same company so whatever we do each of those product categories has to be free very well-defined scope so for example atala is a permission block chain and there the client may want things like reversibility of the ledger or modifiable privacy or they may want the only control that ledger and have it be a private consortium that controls it for example if you're dealing with highly regulated information like academic records or medical records and it's a consortium that happens to be sharing that with the grace of the government unfortunately there's no regulatory reality or you'd be able to take something like that and put that on an open ledger whether that be a theory of a car Donna so your only options are to pass on that deal or to do a permission ledger and then hopefully somehow find a way to connect that to an open system for the movement of information and customers so Tyler doesn't cannibalize sales from Cardinal that said there are other verticals that the proof of works is the privacy space is the IOT space is social media space and each and every one of these has business and technical requirements which may be beyond the scope of what Cardno can offer in its current iteration and a special purpose product may make a sense in that respect and we do do some things and well then also is at a later date that are chasing certain verticals that carbonyl can't cover right now and should not cover in the initial scope if these have to be open Ledger's then we'll see if we can find a mechanism that can create maximum benefit for everybody and Lola will course make those statements how was New Balance doing now any updates from that so that was a prototype trial run that we did was an actual product in circulation and people can use it today and still running and based on commercial success New Balance will decide to either to scale down or scale up that relationship so obviously we have a commercial team it's led by Jerry and he talks to them and we'll negotiate and we'll announce if that's being scaled up or scaled out that's a ten occasion anti-counterfeiting and loyalties are a huge industry huge market and what we've decided to do is put our money where our mouth is and actually create a dedicated group with AI which K to pursue that using car Dada so we're negotiating with the University of Wyoming a very large donation the donation will likely involve ADA so it'll be the first academic organization in the world to accept data as a donation and we're going to set up a lab there specifically for authentication so we'll make that announcement and the particulars behind how much and what we're doing in the scope I probably this month or next month and I'll travel Wyoming for this ceremony once we Wheelock all those things down but my hope is that this trillion dollar industry that is authentication we can pick up a chip out of it and really innovate especially for the secondary market it's amazing if you go to Chanel's web site they don't actually authenticate their own products so you can have this very expensive handbag or other product and you have no way of knowing if it's real or not if you bought it as it used good and that's just really unfortunate as consumers also nobody really wants to spend a lot of money for a watch or some other product if they don't really know if that's real or not or there's a perception of what they have is fake Rolex for example nine out of ten times when you see a Rolex it's not a real Rolex it's actually a fake Rolex so if you're a young kid and save up a lot of money and you work really really hard you finally get that Submariner and people look at you say oh you're too young to have that it's probably a fake you've lost all that brand value for that for that watch so so it's very important to have product solutions that allow you to authenticate things as they come and that's a market that we think bring a huge amount of value to card out on a huge amount of value to the pocket industry in general we're not the only one many people are chasing it we think the strategies that many people have aren't as good as they need to be and we're definitely going to have our own strategy when instant settlement instant settlement luck would come with Hydra through one of the Hydra and that'll be a that's like fast finalities usually what people call that you can buy barbecue with card I'll actually you can many places that sell that into the abyss as a known troll comes into our live stream just normal as John Elora asked has there been any discussion without educate but what you guys observe is network stability with the ITN network instabilities are common at the moment yeah of course it is and that's expected with a test that we also launch right around Christmas we had people work all the way up to Christmas Eve to get some patches out it's gonna be rough and rocky for a month or two as the rust team works to clean up things and stabilize things this is exactly what a test done is supposed to do if your expectations are for a finished product wait till the main net so we have observed a little bit of instability especially with some issues with nodes and sockets but we'll fix all that and it'll get a lot more stable over time that said it's actually pretty stable and surprises me how stable the incentivize test that is given the age of maturity and how rapidly we brought that to market and the components that really need to be good and stable the wallet back-end and Daedalus are rock-solid and those are the things that will be plugged into the Haskell node which has a very different development methodology where does the ADA we are getting rewards come from inflation so when we said there's only going to be X amount of ADA well that's over an inflation schedule and what we did is we took from the back of that inflation schedule we put on the front so it's like Bitcoin the last Bitcoin will be made in 21 40 it's like saying take some of those Bitcoin that we're gonna be made in 2039 21 to 39 and 21 40 and move them to the frost record set of ice that's not but it's basically inflation it's exactly the same as Bitcoin its distribution mechanism or any others hey Charles can you tell us about the Ethiopian government Cardinal project currently it's in the feasibility study where we're looking at regulation we're looking at deployment costings partners coalition's and should the feasibility study come back well then basically we run pilot and then the pilot would have win/loss we'd see what we did well we didn't do well what we learned it if the pilot looks really good that the government will issue an RFP we would compete with a coalition against other people to actually turn that into a real product so it's a three-stage process where in the beginning of that which is a feasibility study with the ministry of innovation and technology and that feasibility study will probably be done this month or next month they they're moving pretty quickly we're working with some Omar bomba and his guys and they have a good group there when Hydra we're targeting USENIX for the Hydra submission so hopefully February we can publicly publish that paper is there an estimated time frame for stinking to be implemented into Harbor Wallet such as ledger with the latest update of the heart of the Haskell wallet back-end we should actually have legend support and your ROI restoration support built into the wallet back-end so it's a question of rewriting the firmware for the ledger devices to support cult staking it's also a question of whether we want to do is some sort of legend multi-sig design and we have had some discussions about changing the underlying crypto card on to pls signatures so we're we have a group of people we work with who update let your firmware and we're negotiating with them right now bundle contract for collection features that we want what's available then they read all the stuff and then an update gets put through and you update your firmware for your ledger and then suddenly it has all these new capabilities but we'll make it announcement there we're moving a lot faster than historically we used to it took over a year to get let you support the beginning for a variety of bad reasons but now we're we're moving quickly and generally these things take 2 to 3 months once the negotiations are done and we go through but I'm pretty excited that we have ledges koala backend which means we can now build a ledger interface for Daedalus so you can actually manage cold wallets using Daedalus we just have to get the team to do that that's JavaScript code so you can write that quite quickly all right I'll just mm-hmm don't you think the roadmap needs to be rescheduled no happy with the roadmap as it is Gogan and Shelly are definitely good to go based on what Hydra and the de-risking looks I feel pretty confident for 2020 and Voltaire version one we can get out 2020 so I feel pretty good does the know to also use polar cast as the pub/sub networks in the lair know what we're probably going to do is rewrite pull cast so there are some known problems with polar cast to me you wrote that in our network documentation and but we still wanted to implement and learn from it so there's gonna be a post-mortem that we do from everything you learn from building polar casts for the ITN we're gonna give it to Spiros who's the original author of polar cast along with some more design requirements and then what we'll do is we'll come together and develop polar cast - Rafa polder and that will be the official top subsystem that we pull in after we do peer-to-peer and the Delta Q stuff theory and copying card on oh well they're starting to talk about epochs and slots funny vitaly loves going to Reddit and saying how bad we are but then suddenly their stuff starts living like our stuff ok mr. V and if they can ever get a theory into out and probably it's going to be a theory but a theory of T living at the same time competing with each other like Python 2 pi it's on three it's not easy to do this stuff everybody can talk big but actually launching things building things keeping the ecosystem together it is so hard you can either be like Bitcoin and move very slowly or you're just gonna have to accept you're gonna leave some people behind and create fragmentation it's why we're doing things the way we're doing we think it's the third option and it's much better than those two a cannery branding marketing starting soon I'll get a report from McCann of recommendation about what they should do from the Cardinal foundation I think the first deliverables this month and then what we're going to do is comment on it and we run it through an iteration until we decide it looks good and then we'll propagate it through the foundation Americo I would share the ambassadors when lap dance with Chico I'll he'd even back out of that guy keeps backing out of things it is funny I said let's do a boxing match he says MMA I say okay here's the promoter no I can't use that promoter after he's my guy he's a nobody and gave him a chance to actually be somebody and he's still a nobody it's a lesson in life you get every now and then you get a once-in-a-lifetime opportunity shut the hell up and take it or all the number plates made by inmates in Colorado what do you think about this prison economy I hate private prisons I hate using prisoners to do labor you should never create a perverse financial incentive to imprison people and our society seems to be perfectly comfortable with that 1% of the US population is in jail or has been in jail that's just a national failure and it's morally wrong for us to privatize prisons it's morally wrong for us to create a business out of incarcerating people it should be collectively painful and expensive for society to have criminal conduct so that we all have a collective incentive to prevent it we should not create a class of society that gets rich off of the imprisonment of our people so this is one of the great evils that must be undone once once we've achieved a greater bit of clout I agree Charles greetings from Ethiopia well greetings to how can you get involved talk to John O'Connor bottom on Twitter in front of other places he's our director of African operations and more portly he's based in Ethiopia Addis Ababa so if you're passionate you want to do something reach out to him and let's see if we can make you an ambassador I think Trump will disagree on the prison subject it's funny we live in an age where people are so propagandize and sensitive and bipolar that polarized that if you say one positive thing about a particular political figure Clinton or Trump or something they assume you're a die-hard supporter and adores every single thing that they have stood for it if you say one negative thing people think that you endorse everything the opposition says and they brutally attack you as if you're a Clinton supporter or something she's support Trump for example where you attack Trump and the reality is world's nuanced and people need to start thinking in terms of philosophy and they need to think in terms of principles then they need to think for themselves use critical thinking but that's expensive and time-consuming and our society doesn't incentivize that incentivizes people picking aside lobbying candidates at each other and having monolithic saw thought I'm deeply disturbed that we seem to be on a path to war with Iran for no reason we don't really need to go to war with them we can fight the Cold War or a proxy war and fight them economically and fight them through wet work and fight them through backchannels we don't need to actually have a war but you can't go and assassinate basically the second in charge of that country at an airport in Iraq and expect that there's not going to be a profound blowback from that that's just a fact of life if we always have to ask ourselves if someone did that to us what would be the consequences if someone killed the vice president of the United States or the chief or the Joint Chiefs of Staff chairman of Joint Chiefs of Staff or the Secretary of Defense it would be an act of war we would already be launching missiles so we do this to another country and we think that somehow there's not going to be profound consequences to that so unfortunately we seem to lack wisdom at the moment in our foreign policy it schizophrenic at best and it's it's leading us to a path of a major conflict at worst we seem to lack wisdom in our economic policy as well I can't for the life of me understand what our trade policy happens to be I can't fertilize me understand what our European policy or Asian policy happens to be and this is a consequence of electing someone to the White House who has no experience whatsoever running anything of prominence and doesn't seem to want to listen to people or understand the moral responsibilities of what we have the American country is an empire for better for worse we built it after World War two and when you become the president you're the king of that Empire for a finite period of time and there's a fourth branch of our government the great bureaucracy that manages that Empire it's huge its vast millions of people who spend their careers just doing that again for better for worse it's not an endorsement it's not a criticism it's just reality as it is and so we have someone who's occupying an office who's in a position to basically tell that Empire what to do has never really deeply thought about the consequences of his decisions now the problem is the opposition party is offering us basically unrestricted socialism seventy percent tax rates five percent wealth tax nationalizing a six to half of the US economy endorsing a meta government because of global warming that will basically mean that unelected bureaucrats somewhere in the world will have total control over the US economy and of course get rid of everything get rid of our constitutional rights etc etc and intersectional politics which will divide us and crack society at its core so there's nothing viable there so what do you choose a petulant belligerent King was more of a man-child than a real person who just thinks it's perfectly okay to just kill people at airports not understanding the consequences of it and it can't negotiate anything failed negotiations with North Korea failed negotiation with China or a party that wants to basically destroy the entire US economy it's a bad position to be in and it's a symptom that society is going through a great change the reality is the US government as it is is not working for us the u.s.