Special Edition New Years AMA 2020

hi everyone this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado just went up to wyoming today had a lovely steak beautiful place laramie wyoming good to be good to live good to do business how's everyone doing today is december 30th this is the last broadcast of the year for me because i'm going to enjoy my new years and maybe blow some stuff up because the american way i grew up in hawaii for those of you who know my history and actually hawaii people light off lots and lots and lots of celebratory fireworks it's a hawaiian tradition mostly asian tradition too and it's always fun to see those things anyway kept it in the blood and i know my family wyoming is definitely gonna do that probably in gillette so we'll we'll see what happens how's everybody doing today having a good night i'm having a good night nice and relaxed having fun it's been a tough year for everyone it really has been it's been a long year it's been a painful year it's been brutal people couldn't see their loved ones and families people couldn't travel a lot of people lost their jobs a lot of businesses went out of business a lot of people died over a million of cobot my own country 330 000 it's been tough and we look to the future we say 2021 we have an opportunity as a collective whole make it better make it a good time a lot of good things could happen a lot of new businesses can be started we can change the way we treat each other maybe be a little nicer less cynical more optimistic what's bothered me more than anything else has been the utter lack of civility that has crept into society as a direct consequence of social media people think it's okay to treat other people like [ __ ] because they don't happen to be face to face with those people and that has extended to every dimension of our interactions now from our news media to how we view others to gossip at work and maybe in 2021 because we've all been cooped up for such a long period of time that we can change things a little bit be a little nicer to each other a little friendlier to each other and a little bit more civil with each other and maybe we all can have a little bit of empathy who knows i'd like to believe that the human race can do that i'd like to believe that people are capable of treating each other with civility and niceness maybe i'm wrong but at the end of the day i lose nothing for believing that and i lose nothing for being nice and having empathy so that's what i'm going to do of course we always have the new year's resolutions lose a little weight meditate a little bit more be a bit healthier eat healthier these types of things treat the family a little better and make sure that you buy dogs their treats on time these types of things and of course i assume you guys all have resolutions of your own and that's going to be fun cardano's going to have a good year next year a lot of the software is shipping a lot of things are going to be built and the ecosystem is going to grow tremendously it grew this year tremendously we probably quadrupled in size and participation and the network is now in the hands of the state pool operators it's a very dangerous scary thing it's like random people you've never met over the internet are just somehow going to be responsible for a five billion dollar network and that's basically what happened and they pulled it off and they pulled it off in a way better than we anticipate in fact some cases they ran it better than we ever ran anything and i'm proud of that and next year we'll see it again with the arrival of smart contracts and all the dapps that are going to be on the system and the growth of the governance system tam and i we spent a huge amount of time these days talking about governance we're thinking about global solutions networks multi-stakeholder governance we've been reading all these historical papers on where the internet came from and how the internet governs itself we're thinking a lot about how do we build cardano in such a way where the things that made the internet successful on the governance side and the evolution side can somehow be inspiring equivalent things analogous things in cardona because if we win that fight we win all the fights and cardano is not only here to stay it'll surpass every other one of these cryptocurrencies because it has a model to sustain itself as it grows to millions to billions and not regress or lose or ossified whereas our competitors do that's going to be the great challenge of 2021. we know how to do the hard technical stuff we know how to write the code we have the protocols that's not the challenge the challenges the social dynamics the governance side and i really look forward to that in fact it looks i'm going to write a book and there's going to be a lot of work that goes into it but it's going to be a book on blockchain governance and you're all going to hold me accountable so by this time next year probably sooner we're going to have a book on blockchain governance and it's going to contain within it all the lessons i've learned the organization has learned and other people have learned about governance in general why it's important and what must be done for cryptocurrencies to be successful and it won't be an academic book it'll actually be a practical book in that the things we recommend will have been done or already are done in cardano itself so it'll be an explanation of how to do things the right way and a demonstration of how we did it so it's going to be very exciting project and some i'm going to enjoy long overdue i've for five years been wanting to write it and i finally found a great co-author and now i'm in a position where i can and i'll just keep writing 2022 we'll do one on identity in 2023 we'll do one on value nature of money monetary policy and where crypto fits and all of that because after all my company focuses on the transformation of value identity and governance so let's write some foundational books huh all right let's get to your questions [Music] and the dogs always bark it can be 8 30 at night and they find a way to bark at some point because that's how a dog works how about your javascript course i absolutely do want to do that i've read a lot of books and i have seen a a huge amount of good material good pedagogy and i'd only do the course if i think i could do something original novel and unique so it's still in the plan and we will see where we go with it [Music] charles mass adoption okay let's see come on guys give me some interesting questions shaving a haircut occasionally i cut my hair occasionally i shaved my beard i just don't care i used to have to shave all the time had a job made me shave don't have to anymore so i love my beard what are your thoughts on hollow chain and what are its pros and cons compared to cardano i know very little of hollow chain i tried to know a little bit i went to the reddit the community treated me like dirt and so i gave a cryptocurrency one chance if it's a small cap cryptocurrency i come on in i say hey guys i'd like to know more they're friendly open community it's great if they're a closed and hostile community as they were to me i really i just say okay it might be great it might be gold but i just don't have time for this there are 3 000 cryptocurrencies on market a lot of white papers a lot of ideas i have finite time so sometimes i just have to lose great deals or great ideas because they're inaccessible and that's a lesson to everybody because many other people hold the exact same standards updated security video coming yes my company has a partnership with udemy and we're a consumer of their enterprise line and i am taking some infosec courses on udemy just to polish up some things and i've been talking to a lot of infosec experts and those infosec experts have given me some advice on how to redo the video that i shot nothing wrong with it but there are some perhaps sub-optimal usability issues where it's a little hard to do all the things that i've recommended and also there are some things we can do to enhance the security of the linux side and other such things and so i will definitely create an update to it but the video is actually quite sound i it a lot and it definitely is very secure my favorite part of the video was this concept of creating a proper skeleton key because that's never discussed people oh just encrypt and do this and do this yeah but you're always going to have that back door to your systems and if people can compromise your email and all these other things you you're in for a world of hurt so creating a very secure skeleton key is a good way of ensuring that you have a good foundation of security and then you kind of build on top of that and that was the point of the video and so we've received a lot of things like that okay what programming language should my kids be studying i would highly recommend python or javascript probably python excuse me for a second i gotta share a link but python is a really cool programming language because it does everything that you would expect programming language to do it's really easy to learn and there's phenomenal pedagogy for that language and by pedagogy i mean is that there's lots of learning materials it's really easy to use really easy to play around with here we go there we go really easy to use really easy to play around with and you can take tons of classes on it there's free courses on udemy there's free courses on edx they're free courses of coursera and you can learn all about data science and machine learning you can learn all about algorithms and data structures and these types of things with python and it's a gateway drug once you've learned those things you can directly apply that knowledge to any object-oriented programming language so you can go and be c plus and java and other enterprise-grade languages so python is definitely a javascript is also fairly equivalent and there's much more applied pedagogy there but i'd say python is really great because you have a hybrid of practical things like ml and data science but then you also have a lot of really cool things that you can do in the theoretical side in addition to that there's a good extensions of python into the hardware world and you can use it for hardware programming so you should definitely buy a raspberry pi in complement to python and have a hardware curriculum and a software curriculum so they understand how the hardware works and what are all those ones and zeros and what are gates and these types of things in fact if your children are particularly ambitious there's a lovely curriculum that's free called from nand nand to tetris from ed shockley and it's a really great curriculum is the distinction between the cardinal computation layer and the cardano's element later still relevant yes and in fact the side chains that we're going to run are examples of what i call the computation layer the difference is they're not ephemeral they're actually permanently there but yeah that's exactly what we intended you have a very stable secure settlement system which is the primary network with the stake pool operators and you have this collection of side chains which do different things and have different computational models than the main chain and we've mostly preserved that with the devnet idea charles how do you get out of tutorial hell i know i have to build something but what are some good ideas to build my recommendation will be a web scraper that's something really practical and applied and it's going to keep breaking and you're going to have a lot of little issues along the way and by fixing those you learn a huge amount and you're going to learn how to interface with headless browsers you're going to learn interface with network protocols use rest apis you're doing real programming stuff and then you get a lot of raw data and you have to clean it up so you have to parse it write regular expressions you're doing a lot of text processing and then as you get that foundation right what you do is your curiosity takes over and then you say well can i build a more advanced web scraper can i do more crazy things with that and then eventually over time you develop a huge amount of programming skills which are portable to many other domains because eventually people say well i want you to write a twitter bot or a reddit bot well the same thing that you did with the reddit scraper with the web scraper will be will be directly applicable to that and python can do it there's a great framework called scrapey and you can easily use that you can store all of it in the database you can learn about database programming like put sql lite with it or something like that so i i'd start there as a reply project and there's even a udemy course on that was the creation of justin finally successful not yet but i think if there's money to be made justin sun will do it so we'll see it's it's one of those organic phenomena that self grows what happened to the round glasses i still got them this is my backup pair and i just have them over there and i bent them up a little bit and i just haven't had time to fix them so i'm wearing the other pair thank you what do you think of elon musk satellites running quantum computers in space since it's close to absolute zero out there yeah no i don't think that's a good idea because the temperature is only one part of the operating environment don't have the earth's atmosphere to protect you from cosmic rays and radiation and other things that would definitely cause decoherence so probably not a good idea to run quantum computers in space i'm sure it'll happen at some point because they need to be there but it's going to happen first in very tightly controlled environments where everything is as easy to measure and monetary as possible space is a super hostile environment and no matter how good you are at engineering the things you put into space decay pretty rapidly charles do you like video games i own a video game company charles when will you visit singapore and malaysia when the world reopens then i'll start traveling again and definitely go to singapore is the purple mask on your wall from the shakespeare mask company in ireland very perceptive but no but the person who made it actually was inspired from certain designs that came there so you're close i'll give you 0.75 points hmm okay do you eat enough veggies no and i need to eat more and i'm going to do that next year hi charles any simulation on how k equals 1 000 will accept affects small spos yes there actually are they were done by colin edwards and before k hits that we'll definitely include an episode to discuss it but there's many episodes on the youtube channel of iohk that talk about the economic modeling that was done and i'm sure we if that code isn't already open sourced we can release it publicly you guys can take a look at it satoshi nagamoto was the first to invent blockchain but it was charles hoskinson who defined it it was agolos chiassus juan guerre and nico leonards who defined it gkl model was the very first formal treatment of what is a blockchain what makes it secure and the gkl model is the basis upon which we've written all of our security proofs for orophorus so not quite accurate and i won't take credit for the work that they did it was great work okay when is the first african contract going live how many users will it bring we will discuss all of that in the africa special episode whenever we hold it so when we announce that you should definitely come it's going to be a very special african special anyone ever told you you sound like steve jobs first time i've ever heard it any updates on the cool game sound idea of dynamically changing music i'm working on a few ideas myself yeah for those of you who aren't aware the my game legends of valor one of the things that i've been thinking about was the idea of dynamically generated algorithmically generated music so one of the problems with video games is that the soundtrack no matter how much money you spend on it usually the duration of the soundtrack is much smaller than the actual play time so maybe you have eight hours of sound 100 hours of play time it's pigeonhole principle you're gonna have something repeat itself and so the sound effects and soundtracks they tend to get stale after a little while and then it gets annoying if it's way way way too long so the point of algorithmically generated or dynamic music is the concept that events in the game world will automatically generate unique music to those events so instead of having an eight hour fixed soundtrack for example you have an unlimited soundtrack which will always be new distinct and different the challenge is to make the music aesthetically appealing if machines could write beautiful music we probably wouldn't have katy perry and pop stars and these people they'd just be completely replaced by ai driven stars in fact we see that happening in certain places like japan there's a a holographic music artist it's not real it's an anime character that is wildly successful so the tech for algorithmically generated music is indeed there and my video game legends of valor that we're working on one of the things that we're exploring is can we come up with a really elegant way of doing algorithmically generated music and using that to complement the existing soundtrack of the game now my wish list would be to get max richter and rahman jawadi to work together to create the core soundtrack of the game rama jawadi did game of thrones and westworld and all these other things he's a great music artist and he also does soundtracks for games and max richter is is a very very talented composer as well and so i think their styles would work very very well for what we wanted to do with legends of valor but you still running that core problem of well that will be finite play time could be not so to blend those two together and use the soundtrack as inspiration for the boundaries of what the algorithmically generated music could do it's a really interesting topic now there are programmatic frameworks to generate computer music my favorite is uterpy it actually comes in the haskell world the haskell school of music it was a yale project and a guy came up with it recently died of cancer but his graduate students have carried on the project and it's still going on and you can use utopia to build pretty much anything you can do a lot of really experimental machine generated music with a very bespoke probably in the python world in other words there's larger better frameworks and whatever language we're using for the game of course we'd use a framework there likely javascript but there are certainly adherents who think about this and work on this and it's something that really does interest me and i think we could do something really cool just make sure the combat system is similar to that from the video game shadow of war i think it's the best combat system for an rpg it's an interesting question warhammer certainly done some interesting things in the combat systems there are a lot of game systems like pathfinder monty cook's arcana evolve the gerp system from steve jackson that could potentially be ported in an interesting way do you want to do a real-time combat system or a turn-based combat system or allow switching between the two like pillars of eternity did or even as early as new world computing with the my magic series so that's one dimension and then the other thing is do you want a combat system where you engage but the actions are taken to chance augmented by skills or engage and your effectiveness is connected to your actual actions as a player so for example a lot of real time shooting games like first person shooters you have to aim the gun to hit them okay whereas a lot of turn-based strategy games you click to attack it's a dice roll augmented by a skill or level or other scenarios so when you build a combat system you have to really make those decisions of how visceral do you want it to be so the other thing is the interfaces is it going to be a mouse and keyboard or controller so are you going to go cross-platform and also you can go mobile okay so those three dimensions have mobile cross platform from mouse and keyboard to the handsets to also vr have a huge amount to do with how you design your combat system the other thing is how much influence does leveling and character progression have over combat so what ends up happening a lot of games especially rpgs where your characters become exceedingly powerful if you're not going to get rid of random encounters then what you do is you introduce a quick combat system because it becomes so tedious and trivial to fight battles that players just don't want to fight them even games like heroes and white magic introduced a quick combat system i believe in starting with yours my magic 3. so definitely something to think about and i haven't really decided because that's well deeper into the game mechanics part we're still in the ideation of game world and capabilities and game system these types of things and narrative every single thing you do in a video game has to be connected to the story you want to tell and the emotions you want to elicit so you can't just create a game and say okay now let's figure out a story and that's what ea does that's why they're terrible at what they do and it's a horrible company you instead when you create a game you have to say what do i want the player to feel like for example with red dead redemption two your character gets tuberculosis spoiler alert and what's so crazy when you play that game is that you build all this wealth and power and progression your character grows up and you have all these things and you keep progressing but then you get tuberculosis and you start dying you stop caring about the wealth and the clothing and these other things you just want to cure your tuberculosis and you feel this amazing empathy for the character and contrary to what normally happens in these narratives your character actually dies in the game the game continues after your character which is extraordinary thing so that story you want to tell is far far far far more relevant to what ends up making the game enduring then well did this combat system follow shadow of war or war hammer or this or that or whatever it happens to be then you have to think of other mechanics the magic system and the stealth mechanics inside the game and also what is the role of npcs in combat and how do they influence combat as well and then you have to think a lot about the constraints of the game world itself so legends of valor takes place in a town called middle dwarf and the city actually under the lore but it was never explored actually in the game is shut down because of a quarantine meaning you can't leave the city so it's urban or underground but urban and underground so tight narrow okay you play games like skyrim a huge component of the game is outdoors you're in these vast vistas you could be up on the mountain and shoot an arrow all the way down and kill something you can't do that in legends of valor in the way it was originally designed constrained to the game world of middle dwarf the other thing can you fly can you have a vertical component to things these types of things so all of those factors play into the combat system and they should support the narrative you're trying to tell in the story you're trying to tell about that particular character and you should make people feel the way you want them to feel the combat system should augment that that's why for example warhammer so visceral it's a horrible world 40k you have chaos and space marines and like everything wants to kill you and everybody's crazy everybody's a fanatic life is cheap and you have genetically engineered super soldiers going around chainsawing people to death so that's very fast-paced it's very brutal and everything emphasizes the fungibility of people the replaceability of people and so forth other games for example like god of war you're playing kratos you're special and unique and you're killing other special and unique mythological things there aren't 12 of them there's one of them okay and that fungibility eviscerates a bit so the combat system has to be very different from warhammer inquisitor to god or for example so that is the driving factor and everything feeds into this oregon trail charles oregon trail another lovely game from the late 80s early 90s i can't remember exactly when it came out but was one of the first really popular computer games super frustrating because you could never win it and there was even a parody of working trail with american dad with roger is q adidas related to the wolfram partnership no it's going to be in the house project and we're going to rename it hilbert we just haven't had the time i worked on one of the god of war games so what i'm talking about then very visceral fast pace now there's a difference between god of war four and god of war one through three by the way four was a whole different animal and they had to redo everything because you have this companion the boy traveling with you turns out to be loki let's see here let's read this c code so you're returning bs to the terminal echometry i will definitely look them up jay i own a video game company and it's a big part of my life i care about it because i care about telling stories and narrative so yeah ask me about video games because it's something i do it's part of what i am it makes me better greetings from bhutan the happiest country on earth even has a ministry of happiness do you consider etc your child what do you expect for the project i do not consider etc my child and i have no expectations of the project we have put down on the table a path forward and the etc community is independent and they are more than capable of figuring out things for themselves and the community is going to decide in q1 if that path makes sense for them and if it does we'll do it together if it doesn't well then they're just gonna have to figure out how to survive and go in a different direction it's been a long time many years and not a lot of progress not a lot to show for it so it's very clear regardless of what they decide they can't keep doing the same things and expect to maintain competitive when everything in the industry is moving nothing is static hook up with blizzard before eos i don't know man after diablo 3 i was deeply hurt don't even get me started with that game everything was done wrong everything they had a beautiful premise they had a beautiful game world to work with diablo 2 set things up so beautifully for them i and they just lost everything that made it great and they turned into a [ __ ] cartoon and then they say boy the fans really hated this so let's follow it up with a cell phone game and they literally had a guy come out and ask him while they were on stage presenting it and saying is this a late april days joke seriously so no i don't work with the company they lost their way bill ropers no longer there blizzard north is gone they they've become a soulless corporate entity that no longer makes good video games the last good game blizzard made was stark craft 2 wings of liberty loved it heart of the swarm legacy of the void what the [ __ ] come on guys i stopped at diablo 2 and never finished diablo 3. i got to get into this rant okay so diablo 3 had four acts and there were some interesting foundations to that that game so they had this idea okay kane is raising this foster child the foster child turns out to be the son of the warrior from the original diablo and the witch adria and she purposely did this to basically use that child as a vessel to bring diablo back okay that's a good framework you've got some twists and turns you get to kill kane character you love and it's dramatic huzzah the problem was the execution of all the things and the fact that they didn't understand how to actually take that scaffolding and turn it into a good story see the thing that made diablo special as a series was that the things that you were that you played in the prior games became relevant in the next games and they were integrated into the plot there so there were three characters in the original game there was the sorcerer the rogue and the warrior the warrior was a prince and turned out to be the next diablo because after he killed diablo he put the soul stone on his head and it slowly transformed him into diablo and that's the villain of diablo ii the sorcerer he went to luke lynn and found the sanctuary and got corrupted by it and you end up actually killing him and the rope became bloodraven the the rope that you have to slay in the first act of diablo what's the moral story is that the things you did corrupted or tainted or caused problems and that continues evil great so you have five characters five in diablo two you have the amazon the sorceress the necromancer the barbarian and the paladin okay so none of them made an appearance in diablo iii just like totally forgot about that trend that hit continued and they could have made phenomenal appearances and so every time i get really pissed off about something i sketch out a plot the season eight of game of thrones i literally rewrote both season seven and season eight i was so angry by what d and d did dana dave did with that show i literally rewrote it because i was just it was therapy because i'd followed that show for a damn near decade i loved it i was so excited about it and it was so horrible and so destroying i said guys you you just you're you're evil people [ __ ] you if if you want a great laugh you should type in game of thrones season 8 film critic and just see what they do there and how they presented it it was just horrible so anyway with diablo 3 i got very angry at the entire game world and so i said all right let's see if i could do better could i actually write a better plot than what they wrote using a similar skeleton okay so i said all right well first off you have this terial fallen from heaven thing that's an interesting one let's keep that act one great let's build the act around tyrial as they did but then you have the paladin and let's make them [ __ ] up and looking for redemption and like somewhat corrupted and blind and so forth and build a relationship between the palate and interior and have the paladin die at the end of the act if you played the paladin character during diablo true it's been really emotional to see that kind of thing happen okay so act one was actually pretty good it was a good setup for the game so mostly keep what they did there because remember the first act is not just about telling the story it's about introducing the game mechanics and teaching people how to play and also introducing the atmosphere and the game world so if you have loss and suffering and hopelessness and these types of things that's the whole diablo game world and you really should do that for sanctuary so act one was okay act two is where it went off the rails first off that whole plot was wrong so belial is supposed to be the god of lies and deception in these things so why not do that and this city is supposed to be calidum it's just be it's incredible metropolis and all this stuff is going on there was no deception there the minute you see the emperor child you're like that's belial the minute you [ __ ] see the kid that's that and what brings the character to that particular city have the sorcerer's character have taken residence there and have her be assassinated as the beginning point in act two she's assassinated you begin the investigation of who done you introduce the great houses of the city and these types of things and then you can play the intrigue between them and you're trying to figure out who's magda and cultists where is belial and what you do is you introduce a character that's a the night shyamalan twisty twist where basically that character you believe is beyond reproach and assists you the entire way you kill the lyle huzzah and then that turns out that it wasn't belial and that character turns on you tries to kill you that's what you do in those types of scenarios and situations and you write a mystery story right murder mystery is a good place to introduce an intrigue plot it's a great place to introduce all the different relevant characters that exist there now the thing that bothered me the most about act 2 was the character of zoltan cool the creator of the black soul stone so this guy is immortal and he's so [ __ ] evil and powerful they literally had to cut him into pieces and hide him in the pieces and they still couldn't kill him after doing that the minute you put him back together he betrays you and that's the last you ever hear or see of him and it's you just wasted one of the greatest character potentials in the entire series the whole point of the black soul stone is it's the macguffin that drives the plot of diablo 3 and leads to the resurrection of diablo so keep the creator of that around he's useful and make him suspicious because it aids and it beds to adria betraying you and land turning into diablo okay and there's a great thing you can do because you can take an irredeemable evil character and you can redeem him over the ark of the game thereby teaching material and the angels these other people that sanctuary is actually necessary because it has a choice the demons are always evil the angels are always good that's the point so they completely wasted that incredible character act three you have osmatov the last of the evils all the rest have been killed at this point so he's king of hell is all of hell the only one that's ever done that and he's the greatest general of hell so smart and so great and the whole act is you fighting your way into his volcano and killing him that's an interesting starting point but what you do is you play on the old pass and say what the hell would keep the barbarians going bring back the barbarian from diablo ii was so great he went to hell and killed diablo himself and what add the necromancer back into and have a great dynamic between the two and they're the reason why the barbarians haven't failed and it makes sense you played those characters they're really powerful so yeah they can stand up to the armies of hell but even they are finite and because they're there as a plot device it gives you the ability to navigate through and sneak in and kill osmanda great then act four you go to heaven and you have the whole betrayal situation and then you have this great character imperius and they just like every scene you see him you get us his ass kicked and this is one of those weird plot things where you're told the character is amazing epic and incredible he literally forged the spear in the center of a star and then at the end of all of it he gets his ass kicked every single time you see him what's the [ __ ] point of that it's crazy it's like this guy's the greatest jedi ever and every time you see him he's falling down stairs or something like that like what they did in the last jedi skywalker it's horrible okay so don't do that don't do that i understand why they did that because they wanted to show how much more powerful the primeval was over in periods and how he could break the deadlock okay useful for act four and your character goes through heaven and then eventually slays diablo that is a very very good structure and there's a lot you can do there but what they should have done is they shouldn't have stopped the game there they should have said hey we have this black soul stone it can't stay in heaven we have to destroy it so you have to take it to hell and you have to destroy it the same way with the other soul stones were destroyed in the hell forge the problem is that something like that is going to be a beacon and you basically have to go and protect it long enough to keep it long enough before you can destroy it and who's the only person who destroys it person who created it so that's the point of the zoltan cool arc line from act 2 all the way to the final act where you have this irredeemably evil character and throughout the process of the game grows enough to actually be willing to destroy his greatest creation and he's the only person who can and you somehow have to trust him to actually go and do that so you go down to hell and then that's where you can have imperius show up and help you out all the characters you've helped throughout the game if you did good things throughout the game they show up to help you if you did bad things throughout the game they don't so you're on your own it's a lot harder to win and then the winning of the game is destroy the soul stone and you have zone cool sacrifice himself to do that and tyrial sees it and then he understands why humans are redeemable and angels and demons are there that's a plot it's a lot better than the old plot of diablo yeah it's a framework spruced up good dialogue twisty turny stuff good game mechanics and and so forth guys they have billions of dollars and all these writers and they just [ __ ] on a plate and handed it to people and said here you go we love this franchise and that is the problem of hollywood this is the problem of video game developers it ranges from star wars to diablo to star trek you have these beautiful things that are loved and they grow beyond their creators star wars is not george lucas okay star trek is not gene roddenberry people love these things they learn klingon they didn't learn klingon because of a deep affinity and relationship with gene they learned it because they love the world they love these ideas and they want to extend it a game studio a video game studio or a movie studio is a custodian of these things they have a sacred duty to take into account the lore that has been created by the people who have consumed things in the past and make sure that that's sacred honor it and then add to it in ways that people haven't seen before experienced before and so forth deep space nine is a phenomenal example of this star trek was always this optimistic world humans always did the good things there was always the bad and the humans were always trying to fight them but we all know world's more complicated than that so ds9 introduces the cardassians and the pejorians and these other characters that were minor characters in the next generation and they turned it into a nazi occupation thing and they had the maquis and should we involve ourselves should we not involve we had these really unique and nuanced characters like garrick the exiled spy or odo the shape shifter who's at war with himself and his culture and the solids the flu and cisco who's the emissary of the prophets but a starfleet captain and whom does he actually serve so the nuances of that show were masterful for a show absolutely masterful and they extended the star trek lore in very productive ways and asked what if questions like how strong are the principles of the federation really for example the federation allowed a subgroup section 31 to develop a bio weapon and use that by a weapon to kill all the founders they knew about it and they let it happen because they knew it was necessary or in the case where the federation was probably tacitly aware of the telciard the obsidian order were actually trying to kill all the founders and they just kind of let them go do that and not retain go and do that why because it benefited them that is a much more realistic government than the one that was presented by the rock berry star trek and it extended star trek in such beautiful and productive ways so what happens though is you have these idiots that come in and they have no [ __ ] clue about how to stay pure and and honor and venerate the material so they just throw it all away j.

j abrams for example 20 2009 he's star trek is too complicated so let's just let's rewrite everything we need a time story thing we're going to try a time travel thing just throw away 40 years of star trek history and start from a clean slate and do our own thing and pew pew pew lens flare lens flare lens flare ppu that was that's basically what he did and then star trek picard comes in and says he gets this beloved character jean-luc percarb we're gonna make zero effort into understanding his psychology his character or staying true to that he's a guy who's literally taken and assimilated by the pork recovered from that and stayed true to who he was but then we're just gonna make up a bunch of stuff about where he goes and create some weird father-son slightly homoerotic thing with data and picard who knows picard's really bothered by the death of data even though he wasn't when he thought data was dead in the original next generation series and it just it would just tell these guys had never seen an episode of the next generation before and it was deeply insulting and all the character development all the lore all the beliefs and expectations that people have of that world were violated in that series and discovery same with star wars in the new trilogy contrast that to what favreau did with luke skywalker two and a half minutes at the end of the mandalorian were better and more emotional than the entire new trilogy because people got to see what they expected and they got to see it in a way that was unexpected and it just touched people we've been waiting since the 1980s to see what favreau put on screen it was unbelievable you thought it had to be a trick it couldn't be and then he takes the hood out you see luke skywalker a digitally dh one who the [ __ ] cares if he looks a plastic wax who cares it's okay it was worth it it was great it was emotional that is how you make great movies and great tv and that's how you make great video games you have to stay true to the lore of the world you have to understand where you came from what you can do what you can't do and what type of story you want to tell there's a great youtube channel it's called wisecrack wisecrack and wisecrack talks about the philosophy of things from rick and morty to the matrix to anything in between and these guys are trained philosophers they're like phds and philosophy brilliant people and they go into deep depth and really really get into the nuts and bolts of what are people trying to say and do great fiction great shows great narratives have that capacity to be analyzed thought about pondered again and again and again and again and again and again and again terrible fiction so shallow you can't do it it's not there and the problem is most of the things that are being produced today are bereft of that and as a consequence they're not worth your time and they're entirely forgettable that's why we keep going back to the old stuff because the old stuff is the only stuff that seems to have depth right now and that makes me truly sad by the way this is absolutely relevant to cardano marketing and other such things because at the end of the day storytelling is what makes apple versus helix packard they both sell computers they both know what they're doing they both have tremendous engineering capacity and scientific capacity and they both can build beautiful products if they want why do people buy apple over hp or dell because there was a story that was told by a very charismatic founder and that story was so compelling and ingratiated it just ingrained itself into the bones of the founder and the company and every single person who bought those products they felt emotionally connected perhaps more so to those products and evangelistic and they defend them talk about marketing you talk about what takes cardano to the next level what compels people to believe in it that is the magic that actually makes great companies to create an identity and a brand and a soul and a story behind who you are where you want to go and what you want to do and if only people participate we will get there together so steve jobs was all about marrying the humanities and computing together because computing was always viewed as a sterile academic engineering thing we talked about these white boxes that are quite ugly and we talk about the things inside of them how much memory how big of a hard drive how much processing power and it's fungible you don't care if it's white box 1 white box 2 what brand its lowest cost for highest value that was the game computing was playing and the jobs comes out and says computing must be an experience that enables you to give experiences to others make music make videos emotionally be connected to it be creative the things we build will help you be a better creator and in turn allow you to be a better person and maybe you'll be a great person as a result maybe you'll be the next picasso here's to the great ones that was marketing and that's what made them a trillion dollar company that's what made apple so powerful so if you're really good at thinking about narrative you're really good about writing stories you're really good about captivating people and enthralling people and capturing their imagination and their intention those people will be with you forever they will walk through hell through razor blades and glass if they have to to get to the other side and that's how you become great that's how you create a movement that's how you change things you make people fall in love with where you want to go and what you want to do the path ahead of us is not easy we say cardano to a billion people that's the vision and become the world financial operating system how many regulatory battles how many assassination attempts how many setbacks and failed companies and scandals and attacking attempts and protocol failures and other such things do you think will be littered along the road to get there there is nothing in human history that has ever scaled to a billion people that didn't involve a few graveyards along the way why would anybody be crazy enough to walk that road unless they truly believed that that outcome was something that they wanted to be part of their life story it'd be associated with great storytelling is what launches a thousand ships at try great stronger telling is what makes apple a great company and makes cryptocurrencies so powerful the same for bitcoin it was very hard in the early days it was worthless no one cared about it every single person you talked to about it thought you were crazy a criminal or stupid but people persisted they kept pushing and pushing until eventually it got to critical mass and i got all these people coming in and pretending they were with us all along no no no no they were not okay because when we contacted them they didn't even bother to read the emails and now they pretend it's a revolution the revolution was ten years ago and that adherence of that revolution had to endure so much pain to get us to where we're at today and the dreams of cardone are far bigger than the dreams of bitcoin so it's super important that we as a community we know how to tell a good story because that's what takes us to become the next apple and maybe i'm just talking to the wind but it's okay it's my show and i can just don't look just don't look the simpsons treehouse of horror one of the greatest episodes killer advertisements and he plans for cardano to get into the insurance business actually i was just talking to nico the cto of emergo he's real excited about that as a potential idea and i think he's definitely going to do something there we don't have plans at the moment because it's not our core competency and we've talked to people like swissary and others and there's opportunity around pilots but it's not our core competency there's some more foundational things that we need to do especially critical commercially critical infrastructure stable coins dexes oracles these types of things i think that's probably the most productive area i can spend my time and effort that said peer-to-peer lending peer-to-peer insurance banking on a blockchain these types of things do need to exist if it's a financial operating system and regulated non-regulated actors will enter the space and do that charles talk about epstein epstein probably worked for the intelligence agencies he was the compromised guy his job was to get very successful rich people to sleep with underage girls videotape it and then use it to blackmail people for geopolitical reasons it's no coincidence that he had such access for such a long period of time and enjoyed almost no scrutiny from the media or from criminal enforcement law enforcement so eventually he became inconvenient as all assets who are inconvenient he got cut loose and of course he knew too much and so someone killed him and we all knew that he was going to die and we all joked about it in fact before he died people were saying fce didn't kill himself then he killed himself this is just how spycraft works and governments work and usually they're buried and small epson was so big because he was associated with such prominent people and that's what happened in my view of course i don't have any special knowledge but just my surface level knowledge of the case and the media's reaction the fact that no investigative journalist has looked into it like why is the new york times not desperately tearing into this because it's such a scandal for so many people it tells you there's a whole structure that we tripped over as eric weinstein said and we're not supposed to know about that pyramid that's buried under the sand so we see just a little tip of it and everybody's just trying to bury it again so don't pay attention to that don't pay attention to that at all hmm that's an interesting thing all the tapes will come out soon so the very first thing that happened after esteem got arrested and they found out that there were tapes they raided his compound and somebody had actually gotten there before the police arrived and taken all of the videotapes and all of the sound recordings so that somebody almost certainly was an intelligence agency pick your favorite one is polka dot a copy of cardano's work no it's an original piece of work it's original code gavin is a trained computer scientist from england and as a trained computer scientist from england he has more than enough capability to read the 91 papers we've written and of course there's some inspiration in the design of certain parts of polka dot from the things that we've done that said it has its own design has its own smart contract philosophy and it has key differences in its design from how our system operates which are much closer to what ethereum is ours is kind of a spiritual successor of what bitcoin could have accomplished had satoshi known more and been more prominent in certain areas so we're different systems from extended utxo to accounts and these types of things so polkadot is definitely not a copy of the work it's more of an inspiration you kind of think of it this way tolkien wrote lord of the rings and then george r.r martin wrote game of thrones well martin is a huge fan of tolkien and a lot of the things in game of thrones were his view on how to build a world like that but with his particular viewpoint on how the world like that should operate so tolkien was very optimistic good triumph over evil and george rr martin likes to present a slightly different view on how things should go it really talks into the problems of ruling tolkien's like aragon becomes king and then there's hundreds of years of peace and happy ever after it's like well baratheon becomes king it's like what happens the day after he becomes a bad guy so that's kind of the gavin wood charles hoskinson thing right we did some stuff and he did some stuff and he clearly read our book and he's clearly doing his own thing and there's inspiration there and by the way we get inspired we read a lot of papers from the 1980s and 1990s and 2000s that provided a lot of good ideas and some projects like nxt and so forth that provided a lot of good ideas to start with and a lot of the job was correcting those ideas and improving those ideas and you see a lot of that there are cases when there is just clear copies like litecoin is a clear copy of bitcoin with slight differences in the monetary policy and the consensus algorithm but it almost has identical code and a lot of the features and they're very similar systems why people use litecoin as a test net for bitcoin in a certain respect because if it works well there is good indication it's going to work well with bitcoin why is tone vase such a dumb ass he's not a dumbass tonebeast is an entertainer he sells products he has a youtube show tone makes money by getting clicks and views and controversy so what are you gonna do are you going to sit in a corner be nice to everybody or are you going to throw fireballs at people and bombs at people until some of them land max kaiser is a slightly larger tone vase and they whatever personal opinion they actually hold they actually have their stage opinion and they go and push that stage opinion and push it push it until somebody reacts and when they react becomes a scandal scandal is clicks scandal is views scandal is money okay so it's a standard operating thing it's been going on for a long long time rush limbaugh for example he would say things all the time throughout his career as radio jockey it's same for howard stern that would create controversy and he knew they knew that that would happen and then everybody's i have to listen to the episode i have to read keeps him in the media it keeps people talking about them more audience or sponsorships more sponsorships more money more money more happy are there massive egos and politics in crypto space behind the scenes 100 absolutely the number one problem the crypto space is it made a lot of people who are deep outsiders very rich and they use the fact they become very rich as justification for their very very very outsider way of doing things and because they don't have to play by normal rules or have social graces it amplifies the worst parts of themselves abraham lincoln used to say if you want to know who a man really is give them power and the corollary of that today is give them money and then see what happens and that's what happened to crypto so it amplified the worst aspects of people now created some diversity of thought and gave people a voice to fund things and build things that wouldn't have been built ordinarily but there are pros and cons to that so there's enormous egos in crypto there's enormous politics and crypto and pettiness and just backstabbing and terrible things that are said and done just because of of that effect and same thing happened in the i.t revolution same thing happened in the hardware revolution the internet revolution i the founders are not exactly the nicest of people any thoughts on reversing climate change i think what's going to end up happening is fusion research is going to get really good nuclear is going to get really good and we got a lot of alternative energy options tidal power geothermal especially fracked geothermal super awesome a lot of wind and solar is getting super cheap energy costs are going to go way way way way down and eventually they're going to go low enough that first off we won't need fossil fuels anymore we'll have battery powered cars or the hydrogen economy more likely than not battery powered cars now because that revolution's here and it's only going to get better and the backbone will be carbon neutral and so as a consequence basically what we're going to do is build all these carbon capture devices carbon engineering is an example of a company that does this where you literally suck the carbon dioxide out of the air and then you can turn it into oil or gas or natural gas or you can just sequester it so what's going to end up happening is we'll just geo engineer and build all of these carbon capture devices that are powered by fusion and nuclear they'll spend gigawatts terawatts of power every day basically sucking out massive quantities of carbon and reverse basically what was done over the last 200 years that'll likely occur in my view it's the lowest cost way of doing things and it's also the most practical solution because it requires zero behavior change in the global economy it's like some places they can never get clean water so what happens people buy water filters to compensate so similarly we can never create a global consensus with the existing way that governments work on how to manage the carbon economy and so well some rich nations with excess electricity they'll just simply suck the carbon out of the air and do something useful probably make graphene are you afraid of sophia no i know the creator of sophia ben gortzal good friend good guy sends very long emails and takes time to reply those brilliant brilliant person though not afraid at all i'm not afraid of the future i'm optimistic yeah this is an interesting one is climate change entirely bad the earth is getting greener called the great global greening higher carbon dioxide actually created a lot of growth in plants and more biomass that forms and it's really really really really interesting that this is a dynamic system and just because we are seeing something occur doesn't mean we know the entire story and there might be an opposite reaction that occurs that compensates like global greetings and natural sequestration but the jury's still out on these things and the problem is the concern with climate change is that it will not impact wealthy nations it will devastate poor nations because they don't have the resources to geo-engineer or deal with disruptions and crop production or other such things that's at least what's being said super politicized issue because all of the solutions that are being proposed by the un and the radical extremist environmentalists is the construction of a global government people are super skeptical when something happens and your solution to that thing is create a one world government to regulate and manage everything i'm sorry if you have the ability to control how much carbon any company in the world produces you effectively control every business in the world and if you do that you're effectively a world government so it's it's very skeptical a lot of people they're they're like hang on a second here and then they have a bad history of predictions but that's science science doesn't give you good predictions what is your favorite cuisine italian yeah we're seeing a convergence of this charles can you tell me what your thoughts are on quantum computing and the effect that it has on the crypto world this question comes up in every ama quantum computing is the boogie man of crypto and they're like oh quantum computers will come and we're all gonna die and all cryptos will literally be broken and nothing will ever work right now here today there are plenty of post quantum algorithms we as an industry can adopt they are so optimal but we can adopt to completely incu to inoculate ourselves from the threats of quantum computing quantum computing is not a threat on cryptography today it's a threat in 2035. it's a threat in 2045. it's a threat in 2055.

why are governments taking it seriously today why are governments involved in this today if you're china or america or russia you will archive internet traffic so every time an encrypted email leaves a department of defense server every time there's a voip call that's encrypted by a government official or some facility or an encrypted piece of data is transmitted it will be intercepted this is the assumption the security threat model that these security agencies have now you can intercept encrypted data you can't decrypt it but if you have a quantum computer you can so here's what happens you archive all encrypted traffic and you wait for technology to get better and once it gets there guess what happens you can use your quantum computer mcguffin to now decrypt all those secret communications that happened 10 or 20 or 30 years ago and you say but charles who cares it was 10 20 30 years ago how long has it taken to bring the f-22 raptor to market how long has it taken to bring the f-35 to market how long does it take to build a new tank or a new helicopter how long do you think these nation secrets have to be stored and kept secure before they're no longer relevant there's a reason why the cia declassifies things only after 50 years and foia forces their hand because that tradecraft that knowledge is as relevant today as it was perhaps 10 or 20 years ago so quantum computers are huge threat in that respect and that that future adversary by having the ability to look at the state of our communications today can learn enough from that to infer what we're doing then or at least know how to deal with our countermeasures then so nist wants to change the algorithms as quickly as they can because that archiving attack is quite problematic we're starting to enter the zone where that's going to be a problem okay for cryptocurrencies it's not these are social systems you can't reverse hashes you're going to be in a position where we can reconstruct things and protect things okay and we have plenty of post quantum algorithms and part of the cardano 2025 agenda that we'll propose will include a quantum agenda which will completely incubate the system with best available protocols the only reason we didn't do it today was crypto was not good enough to do that with reasonable trade-offs i don't want to go to market and say i fear something in 2035 so i'm gonna make myself a hundred times slower and my signature is a hundred times larger than all of my competitors and deal with this huge inefficiency that's been introduced to protect ourselves from a threat 15 years from now we call that going out of business but it's something we should get done by 2025. now a lot of cool things quantum teleportation is getting really good quantum cryptography is getting really good and time crystals are here how about that time crystals boxing match vitalik versus charles come on guys be realistic here it's like mike tyson versus floyd mayweather good luck with that poor floyd hmm what are the contributions has the us government to early cryptography modern cryptography the field of cryptography would be in its infancy without the constant vigilance of the us government in particular the last 40 years almost every major advance in some way is directly or indirectly connected to the us government either they trained the scientists or incubated the scientists who did the research they directly funded them they inspired them or their colleagues and a lot of things have been discovered also the government's desire to break crypto has massively improved the ability to break systems which has become a skill that is now ingrained into cryptography and information security so just by having this adversary around inspires cryptographers to get very very aggressive for example there's a great crypto group in israel and they they specialize in a weird thing called private data exfiltration where they specialize in removing data and cryptographic assets from air gap systems through very creative means trojans they introduce into memory can turn your ram into a wi-fi transmitter and even though your system is air-gapped they can now use the ram to connect to your computer and at a byte rate of 500 bytes or or something like that that can gradually steal things in memory they call it airfi or ram fire or something like that microphones that are very sophisticated can listen to your computer doing calculations and just by changes in frequency of the of the processor they're actually able to get your pgp key or things like that incredible work the guy does his name is mordecai gurion and he's just a brilliant brilliant guy and his students are really brilliant that's inspired a lot by the idf and there's equivalent capabilities inspired by the nsa and the cia here in america so there's enormous contributions that they have from the creation of public key crypto to weakening of the death standard to the clipper chip look up that one to their attacks on people who want to evangelize cryptography like bruce schneier creating a whole new culture and ethos of how to open source things in certain ways so both being a good actor and a bad actor from good actor in the standard side to a bad actor in the adversarial side they have massively improved the richness of that entire space and simply would not exist without them much the internet was darpa what the hell is a time crystal i'm still trying to figure that one out myself i am not smart enough to know i know of them i've read articles about them i'm still having some trouble grasping the depth of that concept but i know it's a big important thing for quantum computers it's like potentially could be the memory of them they can turn your ram into a radio yes they can charles what are your thoughts on clean meat lab-grown meat interesting stuff you still need bio-materials from existing animals and those bio materials are still difficult to harvest without harming the animals or at least subjecting animals to slightly less than ethical treatment so we're not quite where we need to be yet but lab grown meat is a emerging field as is vertical farming there's a great company called it'll come to me in a moment they're based in california and just a two acre farm they've replicated the capacity of a six seven hundred acre farm plenty is the name of the company and they use ai and robots to basically run the facility and he's just ninety uses 99 less water than a conventional farm despite the fact they have a 300 x improvement yield so vertical farming combined with lab grown meats is probably going to be a desirable thing for urban centers in 2050s 2060s and much more environmentally sustainable fourier transforms i just happen to have this book on fourier analysis how about that sitting randomly on my desk for some particular reason thank you sir charles are you still going to do updates in the emails if your contract ends yeah there is no contractual obligation to do any of these things i love you guys source of strength and inspiration of course i'm going to talk to the community you guys listen to me talk about rewriting the plot for diablo 3 and what i wanted zoltan cool to become why would i ever leave an audience like that come on now so yeah of course i'm going to do amas and the contract ends here in two days and what's going to happen when we get up in january we're still going to be working on cardinal for free for a while to get all the things done that need to get done how about that because it's the right thing to do you don't leave till jobs done kids don't leave until the job is done do your job well have pride in what you do lord of the ring trilogy movie that's like saying which kid do you love the most i think the best battle they did was helms deep with the two towers that was great the fellowship was incredible because it opened you up world and the return of the king you had to watch right because you had to see how it ends and they ended it 19 times charles have you ever sold a rubik's cube yes and one day i'll get mantis shrimp so they can solve it for me best major to study computer science best minor music and art so you can get laid what is your deepest secret well if i told you it would no longer be my deepest secret right why didn't you get a new contract because i need to do that with you guys we're actually going to propose to the community through a voting process cardano 2025 along with a whole governing structure and many many more entities than just the core three you started and you the community will decide whether we should do that or do something else because that's the only entity that can give a contract to go work cardano even if i had some third party saying here you go do all this work how would we get all the code we've written to be accepted it's a decentralized ecosystem so you need a government to do that so let's build a government that looks like how the internet was built and that's what we're working on right now why did jeff bezos build a multi-billion million dollar clock inside a mountain is he up to something yeah that clock is incredible i'm actually i studied horology i used to build clocks and watches and i still have a full horological set and i collect clocks and watches atmos is actually my favorite clock and i love restaurant constantine they build these beautiful skeleton watches and actually jk draws my favorite automaton maker so apparently jeff bezos likes horology as well and because he's just so [ __ ] rich and he has nothing better to do he's decided for some reason to build giant clocks i don't know why but he built one you'll have to ask him brad garlinghouse would never do a q a yeah and he hired ben lowsky how about that and he paid himself 150 million dollars for the privilege of it i don't have a lot of patience with respect for certain people especially people like brad there was just this fakeness about the management of xrp we're we'll be a cryptocurrency because it's profitable but we're not we're a banker coin but we're not because we're cryptocurrency and we're equity financed it's a weird chimera of our space and i've never understood it i never saw the value in it and then every now and then you'd see something they created you're like oh okay you guys are actually a threat now codius smart contracts in 2015. holy moly that's interesting okay we got to be careful about that and they're we're going to kill that can't allow d5 to form our space we can't allow xrp to be the platform for issuing assets we just can't do that you could have been ethereum guys you were there first you had the engineers you had the people i mean david schwartz is a really smart guy he was at the nsa before he was a proper computer scientist and he knows what he's doing he knows how to run engineers he's a good chief scientist cto you just just let it all go why i don't know why does anybody do anything face your community have the balls to go talk to them on a regular basis and let them in a very transparent open way ask you questions and answer them and let them know who you are that's how a ceo should be that's how they should act or maybe i'm just crazy i don't know exactly i talked to stefan thomas about that i called him up he was the cto at the time i said stefan you've got to tell me about this codius thing this is [ __ ] crazy this is great really excited about it because actually it would have been useful for cardano for our computation layer the stateful operators could run codius notes right and then they could run distributed smart contracts and you have a massive throughput so you get more stateful operators you get more throughput on your smart contract and then you just basically pick your trust pairings and you say okay it's a high assurance calculation so i should have seven of nine run it and agree with that answer yeah i don't really care too much in two or three and the cost scales based upon that smart idea and they could have done it and it would have been beautiful did they no crazy crazy crazy crazy will cardano work without internet access long-term goal of mine some i'd like to get done by 2025 offline off chain transactions so for those of you don't know the idea would be that you have trusted hardware in a device a phone or something you can plug into a phone or a laptop or desktop computer a phone because this is what you all have you plug the device in that device contains a private key now trusted hardware you can't just be like oh okay transfer private key have it move like for example yuba keys i did that yubikey lecture when you put your pgp key on your yubikey you can't take it out there's no mechanism to do that okay so it's just there so the idea of an offline off-chain transaction would be you create two protocols you create a transfer protocol that allows you to guarantee that you have moved a private key from one trusted hardware enclave to another trusted hardware enclave and how you do that is you encrypt that payload with the public key of the other enclave and that that's the other enclave and you transfer it usually it's a signed public key and raw there's all these things involved once it's transferred and you have a confirmation that the transfer has happened then the trusted hardware will execute a proof of security once that proof of secure erasure has been transmitted to the other device the other device will hold on to that private key that's now in custody otherwise it'll erase it now proof of secure ratio means that you've destroyed you have a proof of destruction of the private key on the original device okay all of this can be done offline over bluetooth or another transfer medium why is this important well if you can secure you get a proof of uniqueness that that private key is unique and a way of transferring it from one enclave to another enclave and a guarantee that it's unique after the transfer is done you have effectively created cash because it's completely offline it's completely anonymous and it's infinitely scalable because these are point-to-point transactions and on the blockchain you don't see them but i have access to that money on that trusted hardware enclave so you can now without internet just tapping phones to people and having them sit together for 30 seconds and maybe entering a password or something you can do that and you can't extract the key from the trusted hardware enclaves that's the idea so that's a protocol we'd love to build and create some hardware for and that was the purpose of the university of wyoming relationship was to explore that because that gets me cash in africa especially if those private keys correspond to stable points then those are denominations and they can be transferred and now you have cell phone based stable coin online offline money that's totally anonymous and private infinitely scalable and it's within reach within five years it's actually possible to do that hard connect if possible yep usb to both phones sync them through an app click click click click click you're done and most phones have trusted hardware enclaves samsung has knocks for example iphones have trusted hardware your phones will end up in the developing world within 24 to 36 months because you upgrade and what happens when you trade them in they get shipped out to africa is it safe for the bluetooth connection yes because the payloads are encrypted that are being transferred so you do not rely on the secrecy of the transfer medium is what happens if someone steals your phone that is the what happens if someone steals your wallet you lose all your cash so there's always that downside now you could create a recovery situation where the money is locked and only you can recover it and you have to get the device back but that's a serious issue if your phone is lost you lose your money now you could create a hardware subnet and have these trusted hardware devices act as consensus nodes and have the ability to rotate credentials or give you something and that's stored in secure storage but you had so much complexity when you have a recovery mode that's the point of cash you create cash large amounts of it are problematic small amounts of it have high velocity and they transfer hands all the time so it makes sense to have digital cash and when it gets too large you exfiltrate it from that system and you store it in a more secure means like on a ledger or a trezor through some cloud solution what's the most favorite sports car you've owned i have a lamborghini huracan 2017 lp 610 spider love it expensive as hell to fix are those lamy pens very perceptive have a backup phone that actually does not work in this case why because the keys are unique it can only live on one device at a time just like your wallet and the cash in your wallet is unique you can't have a backup wallet with backup cash that's different cash my projects like starlink network preempt the need for offline transfers if they can't afford internet how could they afford this trusted hardware enclave i can make a trusted hardware enclave like those 10 gem cards would actually be sufficient you can make them for like 50 cents or a dollar okay so they're very cheap to make and they can be subsidized through third-party actors and that's for an external chip these capabilities are already built into many modern phones samsung galaxies apple phones google phones lg phones htc phones almost all modern phones have a trusted hardware enclave it's part of the arm standard called arm trust zone so those chips exist and that software exists and it even exists in the laptops and desktops of the world through intel sgx and amd's trusted hardware enclave so basically these things do exist they're already distributed to billions of devices and if you want to augment your devices the cost of doing so is in the dollars or cents it's not much larger starlink is a promising idea but ubiquitous internet is something we're probably not going to have for a while and even if we have it it will be intermittent for many places in the developing world for the next 20 to 30 years so pretty good to use a stop gap also this solution is complementary to internet access because this solution allows offline private infinitely scalable peer-to-peer transactions to occur so just because you have cash doesn't mean you don't need a bank account and just because you have a bank account doesn't mean you don't need cash they complement each other we don't have a cash equivalent in the cryptocurrency space at the moment what is your astrological sign i am a scorpio can't you just do it with your head yes if neural link actually comes out heard of a person who got chronovirus after a vaccine is this a concern or just a hype article you absolutely can get coronavirus after a vaccine when you hear things like 96 effective it means four percent of people who got the vaccine still got sick usually what ends up happening is that they get sick very soon after they've been inoculated or they were sick prior to being vaccinated they just developed symptoms later now even if that's not the case the illnesses tend to be less significant for example 100 of the modern pfizer cases did not have serious illness in the vaccine groups even though they got infected it was a mild infection so the particular person who got the chronovirus after it was vaccinated was a nurse and got it eight days after being vaccinated you need to go through both shots to get full immunity and even after one shot you still have to wait a few weeks before immunity fully kicks in okay so yeah you're not invulnerable or immune but the good news is it's like getting an injection of monoclonal antibodies it probably is going to massively reduce the seriousness and duration of the disease what about ivermectin great drug they use it for parasites i give it to my horses to prevent problems there's a lot of evidence that iremectin works strange that we don't talk about it how do you avoid double spend on the peer-to-peer transaction basically you that's the proof of secure erasure so after you transfer the key basically the enclave will automatically destroy its copy of the private key and you can't do another transfer until that copy has been eradicated and then the other enclave will not accept the private key until it receives a proof of secure ratio otherwise it will actually destroy the key itself so if there's an interrupted transfer and enough time has passed that actually the safe thing to do is destroy the money as opposed to allow two keys to exist so you guarantee it through the proof of secure erasure the uniqueness property thoughts on the mrna vaccines in particular versus traditional great platform they had the moderate vaccine in two days after receiving the genetic sequence and mrna is the future a lot of stuff they have to do to clean it up the polyethylene glycol that they're using as the adjuvant and for the bilipid layer stuff in the vaccine is causing allergic reactions much higher than a normal vaccine would have anaphylaxis for example occurs about one in a million for a normal vaccine for midair and a pfizer one fifty thousand so it's twenty times more likely so that's probably gonna have to change it's supposedly an inert substance but it's in mouthwashes and toothpastes and laxatives and other substances and some people have developed a intolerance to it kind of like gluten intolerance and when you inject it to someone that causes an issue so that's an example of being new you don't have an optimal supporting infrastructure around the mrna to make it viable the ability to in software make a vaccine through a computer model is an extraordinary thing because you can keep up with the rate of evolution like for example you've heard of the uk strain which is far more infectious that some scientists believe and you've heard of the south africa strain that it's not it's the same level of infectiousness but it seems to be more lethal and there may not even be strains they're variants they haven't quite reached strain level yet let's say for the sake of the argument that the vaccines are less efficacious in their current form to these new variants you would through software be able to custom tailor mrna to basically correct that and you could do that in two days or three days and then you just adjust your supply chains so the vaccines that you have coming out will contain some of the old immune response against one of the variants and the new immune response against other variants you just simply could not do that with the normal vaccine supply it takes years to do all this now you can do it all in software so it's a miracle an absolute miracle the other thing i really like about the mrna vaccines is they do not interact with your dna and they they're very very direct it's basically an instruction that enters the cell and that instruction will then make something and that's something you make i mean responsibly elicited from that look at the astrozenica vaccine that was just approved in the uk or the johnson johnson vaccine which is likely to be approved in february those are viral recombinant viral vectors and so they're adenoviruses so these are monkey viruses that have been genetically engineers not to replicate and they carry actual dna in them and that dna enters your nucleus and area faces with your dna creates the rna similar rna to the rna that's in the flies or moderate vaccines and that rna will then make the proteins and those spikes and then your body will create an immune response and hallelujah i think the fact that you're introducing a genetically engineered virus and dna to interface with your dna a lot more can go wrong with that type of an approach than just saying we're going to put some fat and polyethylene glycol around and a size basically a cellular software instruction and give it to you to go do something the the probably the worst case scenario in that model if you're not allergic to the things that are inside that vaccine is that the instructions for some reason don't do what they're supposed to do and they just they make all useless protein or something okay a lot more can go wrong with your genetically engineering viruses and interfacing with your dna and these types of things at least on the surface now why do they do the viral recombinant vector well because the viruses are much more stable than the the construction that they've kind of built around the mrna which means that that durability is reflected with storage the pfizer vaccine the modernity vaccine both have to be stored at very low temperatures fires are like negative 95 and madeira has to be frozen it can be refrigerated for a while but it's not very durable if you're using a viral vector you just put it into a refrigerator a normal fridge that people have and it has a longer shelf life and then there's some other things about perhaps ease of manufacturing and so forth so that's why astrazeneca went with that approach and they'll have much higher distribution and they don't need the cold chain now there already are huge amounts of people working on freeze drying the mrna vaccines and these types of things so they can be just refrigerated potentially even stored at room temperature long term so we will see huge improvements in the adjuncts huge improvements in the lipid layer designs huge improvements in getting the software better and actually giving you more things like maybe a universal flu vaccine and we'll see a lot of improvements in supply chain dynamics of these what is most exciting about the mrna vaccines is the concept of a micro vaccine manufacturer so basically what you could do is give every hospital a special device you can send software to it and it can tell it how to make a vaccine against a recently discovered pathogen let's say an aerosolized honda virus is out there 30 mortality rate if that what you're producing has a high degree of safety even if it's not particularly efficacious you can still make it give it to people with the hope that perhaps it does something you can literally make it at the hospital and inoculate the entire people there you can do that with mrna vaccines and there's already companies like kirvak for example that are looking at that very platform this is not the case with what johnson johnson's doing astrazeneca is doing dna viral vector is a much much much more involved process in terms of the complexity of the lab and these things that have to be done so i do believe mrna is the future it opens up a whole bunch of things cancer vaccines for example where you can make bespoke custom vaccines against certain cancers to create an immunological response against tumors and they have some great science on that might cure pancreatic cancer at some point and there's a reason why madarana is so excited about what they do but it of course will take some time to bring to market does it work on herpes herpes is a fascinating virus it hides in strange ways and even behind your brain strange strange ways in the in the body and they treated with a whole class of drugs like acyclovir and valacyclovir and and so forth and it turns out there's some things in common with herpes to hiv so the enormous amount of research we put into hiv has actually helped us in the treatment of herpes like hiv herpes doesn't go away it comes back again and again and again and again because the initial virus can be destroyed but it hides in the body and it can come back and so a herpes vaccine would be a bellwether for enormous advancements in virology and probably a good indication an hiv vaccine will be developed in a reasonable period of time the answer is right now no but hopefully there's some hope in the future thoughts on category theory and homotopy type theory homotopia theory well homotopic type theory is the one i like category theory is just a field of study algebraias tend to it i got a book on category theory over there quite useful in haskell land like modad's makes sense from a category theoretical viewpoint homotopic theory is another field of study where people get very excited about homotopy theories this concept of homotopic type theory where you're taking homotopia theory and combining with type theory in a way that gives you new foundations of mathematics and that's something we are quite interested in and something that could become one of the theoretical foundations of the hilbert project to replace q adidas so no particular thoughts about it but there are some good free courses on youtube if you're interested and i'd highly recommend you learn a little bit about category theory to if you're planning on learning haskell because it'll actually help you when you're thinking about monads an hrv vaccine would cause the ccr5 mutation yeah the delta ccr5 receptor and the cd at in the cd4-t lymphocyte that was actually a very famous story where they found there was a correlation between a very particular mutation that happened to be related to bubonic plague and resistance to hiv and it turned out if you had that mutation you'd have a harder time contracting hiv so this was actually one of the first places that vaccine people who were trying to create vaccines for hiv were looking in the 90s and 2000s and they didn't have any success with it but it's a great historical artifact that if you have a gene line that survived bubonic plague black death in europe in the 14th century somehow that would give you some innate resistance to hiv hi charles do you still do a keto diet i don't do it enough i should and i'm going to start again next year very important to keep that going and i think that it is a contributor to a healthy lifestyle but you also need to work out and do a lot of other things are you a medical researcher or crypto ceo i'm confused i did study a lot of biology back in the day i almost became a doctor but i decided that being a mathematician was a better idea then i decided being an entrepreneur was a better idea than being a mathematician but i do have a long line of family members who are all doctors grandfather was a doctor brother is a doctor uncle's an infectious disease doctor father's a doctor a lot of medicine in the family i was the black sheep who didn't do the medicine thing i did do the emt thing that was fun but virology is a fascinating field and vaccinology is a fascinating field and genetics is fascinating especially given you can do things now before you study things and said oh well this is the way it is there's a rule look up you'd say well how does this work look it up how does this work look it up is that old saying the physicists they ask like what's two plus two you say take one point nine nine nine nine nine nine seven plus one point nine nine nine nine seven and approximately equals four a mathematician you see one point nine to infinity and plus 1.9 repeating to infinity that equals four because we have this beautiful delta epsilon and you ask a biologist what is two plus two says four so how do i looked the answer up so medicine has always been a bit textbook-y in that respect but now you actually do things and think about things and there's really cool stuff happening bioinformatics and so forth and at some point i'll probably start a biotechnology company the mushroom stuff that i'm doing is kind of a nice segue into that because at some point when you do agricultural technology you start doing genetic engineering and so we'll do some crispr things there and i'm really interested in biofluorescence it'll be super cool to actually create sterile biofluorescent plants for decorations so you sell people plants that grow into beautiful trees that glow in the dark a mushroom does or those beautiful caves that have bio bioluminescent creatures and you can genetically engineer that well if you have those capacities you can start looking into alternative treatments like one area that i actually studied you many many many years ago when i was still interested in medicine i was very interested in fudge therapy so bacteriophages are little viruses that actually kill bacteria and they were very popular in certain soviet circles 1970s and 1960s in particular as an alternative antibiotic treatments but they fell out of popularity however they really actually find some cool use cases where they put them in gels and you'd rub down burns and things like that and it would prevent bacterial infections and now people are starting to actually look at them again more seriously because there's a lot of antibiotic resistant bacteria and they're a complementary treatment to antibiotics the problem is the intellectual property works in such a way it's very unlikely flash therapy would be profitable and that's why there's it's under research so if you're really rich and you can subsidize things you might be able with a 30 to 50 million dollar per year budget to create an open source library of fashions that co-evolve the bacteria and you combine them and mass manufacture them and then you use them as either a topical or an injectable treatment to assist in the treatment of sepsis or myrrhs or numbers but mrsa and these types of things that are very problematic for people maybe it can help with the super gonorrhea that we're seeing floating around do you take lion's mane i grow lion's mane sir it's hard to store them yes but what if you can use all these tricky things we're doing with mrna vaccines and adenoviruses as a vector to introduce them think about that how about that huh i did a video on bacteriophage they don't create superbugs i didn't say they created superbugs i said they could be used to combat superbugs because they're a different vector and they co-evolve with the bacteria okay cardano hasn't made the new listings on coinbase for q1 of 2021 what's going on didn't you guys do the rosetta integration you guys are really obsessed with coinbase it's like part of your soul coinbase coinbase coinbase we did the rosetta integration we have zero control over what coinbase does i don't handle listings no one does it's an open ecosystem the coinbase will decide what coinbase decides what coinbase to do as i mentioned many times before they got a million things going on they got to figure out what to do with xrp they got the s1 issues with the sec and they're trying to do an ipo they had a recent scandal with the whole social justice stuff the new york times article they're busy people they got their own thing going on okay if they come to me we talk tech we say they say how do we integrate or how do we do that here's how you do that we don't talk business like here's how you do listening or think we don't control that it's their decision as an independent company of what to do when to do how to do it and yeah the reason why a lot of people ask about coinbase is they have this bizarre belief that somehow when we get listed if we get listed on an exchange like coinbase that the price will go to the moon and liquidity will be incredible and all these other things it's like guys it doesn't work that way used to long time ago they got listed on coinbase you'd see a 50 appreciation the asset but there's so much liquidity already in cardano that if we were to be listed on coinbase i don't really think it would have a huge market impact now it's true that certain people who live in certain jurisdictions would suddenly get liquidity i believe new york state for example and that's great and i'm very happy for them but i have no control over any of that and you guys keep asking one coinbase even if they were going to list this they actually wouldn't tell me they just don't do that and so i don't know in fact what's going to happen if they list us is that i'm going to see a tweet or a message from somebody saying we've been listed i'll be like oh [ __ ] and i'll retweet it that's what's going to happen so i know as much as you guys know all i can do is make the tech great and stable and make sure that the integration points look good and so forth and independent companies like binance and bittrex and coinbase and bitstamp and kraken they all make decisions based on what makes sense for them the risk profiles their customer demographics the geographies they occupy what they want to do okay that's their choice as organizations and when they come to us it's usually that hey your wallet needs some improvement we're having a problem we have utxo fragmentation we have this we have that okay and when we come to them is say hey by the way we're gonna do this hard fork and that might be problematic you probably should upgrade your node and they say oh that's a good idea can you make sure that we do that well yeah we have this test net we'll work with you guys on that make sure you get through that that's our relationship with exchanges it's not hey let's get this listed and get these financial products built and so forth the people who do that stuff they do that stuff for small cap shady coins okay the bitcoins they don't have to pay listing fees they don't have to negotiate these things there's no boardroom deal with suits and ties where people figure that stuff out that doesn't happen okay it's more does this make sense for us and our customers and if it's a bitcoin with a billion dollars of trading volume they're like wow we could get millions of dollars in trading fees if we listed something like this that makes sense to an organization and they'll pursue that if it's too small it doesn't make sense it's a nuisance right so get off this coinbase obsession it's not going to have a massive impact on the ecosystem and somehow fundamentally change cardano it's not going to be like adbc before christ after death it's not going to be like before coinbase after coinbase bc ac it's not going to happen okay it's just an event like many many many many other events might be a good market event for the day who the hell knows and we all move on life moves on and there's still an enormous amount of real things that have to be done like improving use and utility improving smart contracts growing the ecosystem getting more adoption getting more real-life applications those are much much more meaningful so things the success of project catalyst things the successful launch and a timely launch of gogan these are significantly more meaningful than coinbase but yet that's the number one question i that that i get do you work well with alex chirping oh yeah alex is a very good friend and we still work on ergo and he actually still collaborates with us on scorex and we're trying to get scorex into the hyperledger group as a r d chain but he's a good kid and he's really smart one of the smartest people i've ever met is the securities exchange commission the enemy of crypto no the regulators are not the enemy of crypto guys let's be honest here our space created bit connect onecoin mount gox bitmex thousands and thousands and thousands of scams that have hurt people regulators are like vampires in a good way they come in when you invite them okay vampire stands at the door says can i come in you say yes what brings a regulator into an industry happy well-functioned intra industry that are just everything is going right and everybody's thinking like how many regulators are there for mathematics is there the mathematics exchange commission that sits down and says we really need to look into those topologists we all man those comedy tourists they're slippery slippery people all we are deeply concerned about statistics yeah there's there's some problems there man serious problems 64 of people know that no because it's like what scandals occur in the mathematical world occasionally we have an older fields medalist who claims he proved the riemann hypothesis and turns out his brain's baked and it's a garbage paper okay we're pretty good at self-regulating in that industry on the other hand why is the pharmaceutical industry regulated because they make stuff that you put into people's bodies and if they [ __ ] that up they break your penis they break your brain they break your eyes you go deaf okay there's more than one people have gone deaf from the first reaction to an antibiotic there are all kinds of bad things that can occur so you need to regulate it because there are perverse incentives against your health it's not just could harm occur it's also the incentive set if i make drugs my incentive is maximal distribution and maximal money okay that doesn't necessarily correlate to the safest product the sound is product most efficacious product the best case scenario is i could sell snake oil the worst case scenario is the snake oil can kill you what happened 19th century you had all these charlatans running around rockefeller's father david avery rockefeller he sold snake oil he went all around okay selling stuff that didn't work and it was loaded with latinum and cocaine and all kinds of horrible stuff so yeah regulate it why because you notice that the market's behaving badly and it's killing people so let's look at crypto you have the ico boom you have tons of scandals and scams you have rampant insider trading you have wash trading on exchanges you have exchanges failing and the principles of the exchange is stealing the money and fleeing abroad you have software flaws that were made on purpose to steal people's money you have massive misrepresentations you have impersonations you have people claiming they're using project capital for something but they're actually using to buy yachts and miami houses and prostitutes in rah-rah-rah that is a big neon sign at the front of your door vampire come in our industry did that we didn't self-regulate we didn't stop the agency failures we created a neon sign and welcomed a vampire and now they're here and we're gonna complain that they're doing stuff filing lawsuits getting involved a bull in a china of course they are and their ability to act as proportional to the sophistication of the tools and the modernity of the laws the howie test is an artifact of the 1940s it cannot work in stem cell finance where an asset can be everything it can be a currency a commodity in a security all at the same time could be everything in nothing it's like some [ __ ] buddhist cone okay we've invited them in and now they're doing their best job to sort the whole thing through so people look at ripple for example they say oh how dare the sec do this they're destroying innovation and they say guys we are a consumer protection agency our job is to hold businessmen accountable when they do nasty things okay and why are they involved with ripple is it because deep down inside they absolutely want ripple to be a security probably not they're unhappy with ripple because the principles of the company sold 600 million dollars of xrp on to retail investors and paid themselves that guys when i got paid to build cardona we received about 2.4 billion ada it's about eight percent of the supply now the market value of that from the pre-sale with the i don't know six million dollars give or take and it was a huge risk because who knows 3 000 cryptocurrencies the vast majority are flops so we didn't know where it was going to go but we decided just to hold it so we created a vesting thing and said we're not even going to be completely invested until 2019.

i remember when ada went to a dollar thirty and i was sitting on two point four billion dollars 2.4 billion ada which was worth almost three billion dollars and we didn't sell we sold none of it zero it was just sitting there and every day i was looking at that and say we're in a bubble these markets are not sustainable holy [ __ ] i'm a billionaire from this one thing in my company register there's no regulation or law that prevents me from doing something but i felt it was irresponsible to sell i self-regulated as a company now other people sold eos sold they sold four billion dollars of an asset and the fcc certainly went after them but only fined them 24 million dollars and let them keep the 4 billion dollars so i was so upset when that happened i was like okay but that's just the way it works and so xrp they sold 600 million actually so 1.3 billion dollars worth of the asset and the sec saw that and obviously they thought that that was enron-like behavior bad behavior it's why when i read the 71 pages i thought for sure they were trying to build a 10b5 case so it's strange that they're just going after a refund but it's clear why that vampire came into the house but you have to self-regulate you have to have principles you have to have ethics you have to accept that sometimes you can't do things that even though are in your best interest because you have a moral responsibility for everyone else and at that time it made no sense to do a mass divestment at the top of a bubble in an ecosystem we held and that holding lost 90 of its value is what it is i've lost more money on paper than most people will make in a lifetime in a hundred lifetimes and a thousand lifetimes you say oh well turn the page move on it is what it is that's life why the securities exchange commission exists is because not everybody would make that decision and sometimes they do it differently and if they do it differently in a way that harms a small-scale buyer investor or other person that's a moral hazard and if you allow that to happen unfettered then you have markets that basically are a wealth transfer mechanism from the poor to the rich that's why the sec was created 1933 what happened 1929 was the beginning of the great depression from the collapse of the markets why did that happen you had radically inaccurate information being broadcasted out you had boiler rooms you had tons of speculation that was very unhealthy you had people borrowing 10 times the amount of money that they made per year to trade stocks that turned out weren't even real they were based on fantasies and people with insider information were trading against that and they knew when the symphony was going to come to an end before anybody else they made huge profits on the backs of the poor and so when the poor voted they threw hubert hoover out of the office and they put in a guy who promised that he'd rebalance the scales for them that's where the sec came from and they've had an 80-plus year mandate where sometimes they succeed and sometimes they fail i'm deeply disturbed for example where chinese companies list on u.s exchanges and they're not subject to the same transparency requirements as microsoft and apple and these things that's a serious problem and when they do get involved they involve very ham-fisted way and it is what it is you have to deal with it who is ultimately negligent it's not the securities exchange commission it's the united states health and representatives it is a job of the congress in the senate to update regulations and to create new regulatory agencies as technology evolves where is the cryptocurrency legislation they've known about the industry for 10 years and because they can't agree on anything even a [ __ ] 600 check because they're just a bunch of [ __ ] sucking piece of [ __ ] [ __ ] who only care about themselves and their popularity and their reelection potential and they don't give a damn about america or a dam about our industry they've allowed regulation to stagnate and fincen and the cftc and the sec and all these other agencies are left to somehow find a way to better procrastinate 80-year-old regulation to a field that is like stem cell finance it's impossible and they're doing their best the sec has actually had a very light hand it's insulting when the ripple principles go they're destroying the whole industry guys there were i think over a thousand icos they've only had a few dozen enforcement actions most of which were clear and obvious frauds some were geopolitical like telegram for example and where and when they could come to an amicable solution more often than not they found a way to do that and had the decency to contact people and talk to them ripples acting like suddenly out of the blue something has just magically happened why you have a tolling agreement with the sec then where the [ __ ] did that come from brad you were talking to these guys for a while and obviously your negotiations broke down when you threatened to move the company to the uk there was a bellwether for that so it's a complex topic there's a lot of nuances here there's a lot of idiots in the space that just go well this is a security and this is a security and the sec is going to do this and the bitcoin is king and ra like max keiser and tone and these other guys is just they're just froffing for the mouse idiots and they don't really understand how this works the end of the day the regulation doesn't matter as an entrepreneur i cannot follow regulation completely and perfectly because i'm doing new things in 52 [ __ ] countries there's no way to be in full compliance with every single thing no company the history of humanity in the world has made every jurisdiction and dominion that they operate in 100 happy 100 of the time so what you do is you have a transcendent principle is what i'm doing ethical is what i'm doing moral is what i'm doing obviously good for the consumer and if you can't answer that with a yes then you're probably at some point gonna piss off a regulator if anything because you're creating a political incentive for the regulator to go after you facebook is not really violating laws as they're written but they're being sued by 48 states for antitrust they rocked the boat too much with libra with the censorship of free speech with the appearance of picking sides and elections you piss off half the country you could be [ __ ] teresa and what's gonna happen you're gonna be hit with a lawsuit by some government agency somewhere trump love him or hate him when he leaves office somewhere some state somehow they're gonna try to charge him with a crime because there's big political kudos to being the king slayer and putting a guy like that in jail maybe they work maybe they don't work it's politics politics is about appeasing people when injustice is coming the pharma bro shrekle he met he's a villain in the press he raises the price of drugs too high it doesn't matter he actually commits a crime or not the appearance of his character creates a big red target on his back so what i just start from is it ethical is it moral and am i screwing people or not i always try to make sure that the answers are yes it's ethical it's moral and no no one's being screwed in the process and when i know something something we try to make things as transparent as we can now obviously we have a general counsel who's a domain expert in securities laws these things and we're a software company we build protocols we don't do trading and market making we don't do icos we stay out of those markets okay but at the end of the day because we build protocols we have to understand these things and we take a step back and we follow those basic principles and we try to stay within that framework and we try to be good actors as much as we can the problem is everybody's terrified because lawyers never give you definitive answers they say it depends for example in the sec filing they they said well the ceo of ripple got a memo from a law firm that xrp could be a security you're damn right in 2012 every law firm in the united states including analysis of bitcoin would write a more likely than not opinion even if they think it's not a security with a disclaimer that it could be of course they're going to say something like that because it's ambiguous it's like who's batman you can have a hypothesis unless you you're god and it's bruce wayne and everybody picked their favorite person so so of course they'd say something like that it's ambiguous what matters is what do you do about it how do you treat people do you have a privileged position over other people are you taking advantage of that privileged position over other people are you following best practices and if you can't find best practices are you trying to create best practices these basic principles and things with ethereum we had zero guidance we talked to a former commissioner of the sec we talked to a law firm prior cashman they wrote a letter more likely than not opinion for us and we thought about it and we said well let's try to build something they created a foundation we worked with a prominent law firm mme partners try to do as much as possible on the blockchain try to make sure that everybody participated the same way we did what we could do with zero guidance and reasonable people could look at that and say well they tried their best and it ended up working so okay no harm no foul where you get into a problem is when you play games with semantics you're screwing people but you're trying to be smart and outsmart people and build a structure where you win guaranteed and then that's at the expense of someone else okay so when you build in you always get a big payout no matter what even if the project fails that's a moral hazard and even if regulation hasn't evolved to a point to hold you accountable your soul is going to corrode at some point and people don't know your scumbag nobody wants to do business with you that's why donald trump has a terrible reputation in in terms of construction and contractors and these things why because he actually told people one of his business principles was if you don't have to pay and you think you can get away with screwing people do it so you have these plumbers and these electricians and these drywallers come in this building they'd work hundreds of hours constructing things and then they'd send the invoice and trump would drag his feet on it and force them to sue hoping that they would settle for less on the employees he was notorious for that notorious for defaults and bankruptcies in fact blacklisted from most banks for lending and that was his character as a businessman now he's not jail so he got away with it but i have zero respect for that business practice it's not ethical it's not moral and sure tells screwing poor people there's huge asymmetries of power there the reason these agencies exist the reasons why we make them vampires they need to be strong enough to overcome the strong personalities on the other side it is a very big problem the regulators in some cases are co-opted by private industry why because when you're a regulator you are paid government salary tell me how much a gs 13 makes certainly not as much as a junior associate at a law firm you leave government and if you were nice to the right people somehow you get a board job somehow you get a job at a senior law firm so now you get something and now you're making seven figures eight figures nine figures that's a hazard because knowing that if you're nice to certain industries that you shouldn't be nice to you should be neutral and fair to can result in a nine-figure job an eight-figure job when you leave office you might have a tendency to go down that road be corrupted by that they have not solved that problem ben lasky is now working for ripple he's on their board he destroyed the entire cryptocurrency industry in new york and his reward is first to be paid 600 an hour trying to get people a bit licensed and now to be a board member it's a disgusting thing so it is it's certainly problematic steve newton when he leaves the treasury secretary role he's going to go right back into the banking swamp and i guarantee he's going to be sitting as a ceo of something or an advisor of something with a eight-figure nine-figure payout every year and the people he took care of when he was the treasury secretary will be the ones cutting those checks that's why people have problems with regulators if they were good virtuous always directly aligned with the will of the consumer would view them as positive actors like firefighters but they're not so it's very nuanced and mixed and it's a very complex topic securities law is super complex you go to law school for you study it for a while there's so many nuances here we already did it's iog and put output global hi charles what is your relationship with youtubers such as bitboy and cryptocrow they call me up and they say would you like be on our show i say sure i show up they ask me questions i answer the questions then i say this was great thanks and i go to the next interview that's my relationship mr hoskinson why the bull's head symbol for the daedalus wallet that is not a bull's head that is a minotaur head the minotaur was a mythological creature that lived in the labyrinth daedalus was the creator of the labyrinth the labyrinth was built because no chains could bind the minotaur and so by basically building a giant maze and putting the minotaur in it he couldn't escape the maze and so daedalus is the name of the wallet that elicits the creator of the labyrinth and the minotaur is the most prominent creature within the labyrinth that's why the symbol is minotaur charles what are your thoughts on edward snowden a case study and who not to recruit as a spy so his parents were spies they were deeply connected with the us government they kind of gave him a leg up he tried to do the whole special forces thing to differentiate a little bit broke his legs and got kicked out of that for medical discharge and then because of those familial connections and it's a really bright guy i got recruited at nsa and cia so there's a paradox when you recruit a spy the paradox is you want super charismatic very affable people that can be everything to everyone they can connect to people build trust with people and build relationships with people because at the end of the day spies are recruitment machines you see all these movies where they're putting probes in and secret cameras and doing spy [ __ ] 90 of the job of an operative is recruitment so they're always looking for people trying to convince that person to betray their government and give information to the us government okay and they have a whole profile it's called mice stands for compromise by money so you bribe people by ideology so basically you're capitalist and they're communists but they want to be capitalists for example or maybe religious ideology for example in afghanistan we used the fact that we were a christian nation to really help the mahajidin come to our side because the soviets were atheists and they knew that while they didn't quite like our religion if the soviets got over they would eradicate the islamic faith and afghanistan at least that was the psyops perspective of it and we pointed to what happened in georgia for example was the destruction of the orthodoxy church there as an example and it really helped in recruitment so ideology compromise for example you find out ahmed is gay and if he's found out to be gay in his country they'll kill him so you can use his black male that's what epstein did right got kids to sleep with prominent people say oh it'd be real shame if the world found out you were a pedophile maybe you should help us an ego maybe there's a guy and he's a prominent person and he got fired or pushed down the chain or something has a lot with scientists they they get passed up for promotion or they get demoted but at one point they were running the nuclear weapons program or the biotech program or something they got a big chip on their shoulder and very angry about it so what a spy does is a spy takes advantage of those domains thinks about it and this is how do i recruit these people and convince them to give us information or do things for us up including into wet work means they murder people on your behalf okay the recent nuclear scientist that was killed in iran killed by local assets all right and really cool rigged up drone gun thing okay so you want somebody who's really charismatic you can magnetically connect to people and very larger than life but then at the same time you want somebody who is totally okay with never telling anybody what they've done they could hack into the fsb headquarters and find out all the secret agents working for russia and every russian operation that that the greatest intelligence game in the history of the cia and the only person who can know about that are the people who have a need to know and they go home to their wife or their husband and just pretend like nothing happened how was your day it was a good day anything interesting yeah lunch was pretty good so the problem with snowden was that he was really good on the first part very charismatic guy and he has kind of the family heritage and so they kind of welcomed him in but snowden failed on the second part he wants people to know he's a great guy he has ego huge ego okay he must save the united states from the spy state he alone knows what the constitution says and what's best maybe you agree with it maybe you don't agree with it but in his head he's a hero and he must be a hero and stand for the american principles in the way this is a catastrophic recruitment failure for a spy because a spy they can't operate in that dimension even if they have personal misgivings they have to be willing to accept that as reality as it is i work for this organization they trust me to do the job that they've hired me to do and the wisdom of what we're doing that's going to have to be decided at policy levels above and if you disagree you resign and leave that's the culture that they try to inculcate and it's mostly successful so snowden is a recruitment failure from that respect and it actually so traumatized the agency and the us federal government that they launched a slew of psyops programs and psychological inquiries and they even did analytics programs like dr bader over in darpa he created something out of io called prodigal and basically the point of prodigal was to create a predictive ai agent using graph theory and ml and all this really cool stuff that would monitor people who operate in a clearance setting because there was a data rich settings they with your cat card know every time you go for the bathroom when you come in when you leave your social contacts and so forth and they look for discrepancies and then they try to retrodict those data sets to predict anomalies in fact prodigal got so sophisticated that they were able to predict that nadal hassan was going to kill a bunch of people through retrodicted data and the same for snowden defecting and so forth because these defectors who are ego driven they leave a awake a slime trail that retroactively makes a lot of sense the signs are there for example this recent bombing in nashville like guy built the rv bomb there were definite little fingerprints here and there that he was becoming radicalized and clearly was thinking about doing something there was even allegations in august of 2019 that he was building a bomb his girlfriend called him in and the police actually said the girlfriend was crazy and they tried to put her in a psych ward it was crazy i think that's the [ __ ] up of the century for nashville but he was talking about 5g conspiracy theories and the lizard people conspiracy and these that's mostly harmless for most people but then combine it that is like google searching ammonium nitrate and these other types of things and so the point of prodigal is to say it will be that aggregator to a point where it can proactively predictively depict these things the government doesn't build stuff like that because they're completely happy with the people that work for them they build stuff like that as a response to a trauma in the organization counterintelligence having spies turn on you and become double agents is super traumatizing to the morale and culture of the organization it it damages them in so much of a way because each and every person in that organization feels the betrayal they're all looked upon with suspicion they're all looked upon with admonishment and it diminishes the job the other thing is that you can only tell about the existence of the capability but you can't talk about how the capability was actually used so okay we're alerted to prism was prism used in ways that were actually beneficial to the world maybe maybe not but you as the organization can't talk about that so you get the allegation in the attack but you can't defend and that further exacerbates the trauma of the organization and this is why there's in the intelligence circle such deep-seated hatred was noted even amongst people who agree that snowden's arguments are right not everybody's monolithic at the nsa or cia or dia or the other 16 intelligence agencies and says we absolutely have to archive every bit of data ever produced by every person have total information awareness and then use that to create profiles on each and every person and proactively predict who's the threat or not some people think it's antithetical to everything that america stands for but their love of the organization its mission its culture and the good things that they perceive the organization does outweighs their umbrage to that particular program or their belief that that program can somehow be responsibly run or moderated and thus they hate snowden now it's not the decision of the intelligence agencies to decide if snowden is a hero or a villain it's above their pay grade it's the decision of the american people in the political class responding to the will of the american people and frankly he probably should get a pardon at this point it's difficult to know though because there are things we don't know like his relationship with russia why did he go to russia and get asylum there versus another country why did he flee to hong kong of all places when he first left hawaii was there some sort of chinese government relationship who knows there's a lot of unanswered questions that are probably known by the fbi and the intelligence agencies that aren't known to us the general public and they can't necessarily tell us because that would reveal capabilities so that's problematic that said a lot of time has passed the damage has been done commution or pardon probably would make sense and i it's one of those things where we have to do things differently as a society it's already done differently in the clearance setting there's enormously more scrutiny put on people who hold security clearances and patterns of behavior there's a lot more caution and care with the handling of classified information than there was even just seven years ago as a direct result of edward snowden and it certainly has had a huge impact on the world as a whole and the intelligence world as a whole all this said spies are not good people they're not bad people but they're certainly not good people they lie for a living they kill people for a living they manipulate people for a living they do all kinds of horrible things a lot of this anti-vax propaganda for example is funded by russia why in china because they know if they can convince 30 to 40 percent of the u.s population to be vehemently anti-vaccine and not take the vaccine it will exacerbate the lockdowns in the united states and make them last another three to six months if not longer that will cause catastrophic economic damage to the united states so if you're the leader of china and you look at how do we hurt the us or diminish its geopolitical role if somebody comes to you and says give me 20 million dollars and i will run a psyops campaign with hackers and bots to convince people that bill gates is depopulating the world and these vaccines carry sterilization or quantum dots or whatever in them and if i can do that and get 40 of the u.

s population to agree to it and they have vaccine hesitancy this will cause half a million more deaths and it will cause six more months of lockdown would you take that deal if that the economic losses in the us would be your gain of course now what kind of a [ __ ] up person is gleeful about that type of conduct and behavior murdering people and psyops campaigns that damage things that cause she carrying havoc and chaos not a normal person and so maybe they do it because they have a profound nationalistic view that what they're doing is great for the nation maybe they do it because they can divorce the challenge of the task from the morality of the task but once things clear when someone has entered the spy class they should never be trusted again in society outside of just executing the spy stuff they've crossed a moral threshold where the ends justify the means so they should rise no higher than the than the darkness that they've lived in unless they find some redemption at all of that because the ends do not justify the needs i've never believed that and i've never believed that it's a good idea to give people an unlimited license to do things in the darkness for the greater good that harms so many people especially when the people who decide the greater good are people who are not invested in the greater good of society they're only invested in their own greater good we've seen how our political class has failed us so snowden is a fascinating case it's a fascinating case of organizational psychology it's a fascinating case of reaction and so forth it's a fascinating case of recruitment failure where they clearly got the first part right but the second part wasn't there it's a fascinating case of a political problem how do you forgive and accept and allow society to grow but at the same time don't destroy or demoralize institutions you rely upon to do things it's a fascinating case of of the inner workings of organizations that we normally don't get to think about and see so lots lots of parts there and really complicated i think the first time i've ever talked about it in in detail but that's the point of these amas you guys get to hear my thoughts okay trump can't get the vaccine yet this is actually an example of the dishonest media there are some people in the media saying why is trump not getting vaccinated he's irresponsible you should get vaccinated first it's not really clear after you get it that there's much urgency to get vaccinated because your natural immunity probably lasts for quite some time there's certainly a lot of people who have contracted it a second time but relative to the totality of all people it's very uncommon and usually the second case is much more mild and data from wuhan's completely invalidates this asymptomatic super spreader the reason why trump can't get vaccinated is because he received the monoclonal antibody treatment and actually that prevents the vaccine from working so you have to wait for that to flush out and i think the regeneron ones take about 90 days so he's still inside that window and he can't get it until then i guarantee he's probably gonna get it because whatever his beliefs are he's a very self-centered guy of course the media won't talk about that yeah that's accurate i think that stone should receive some clemency or pardon and there has to be a kind of a come to jesus moment what they should do is negotiate they should make a deal that if snowden is willing to go to a neutral country he can sit down and have a come to jesus moment about exactly how he survived in russia putin is not a dude that just wakes up in the morning and says boy i can't wait to be a humanitarian i can't wait to help the world and do things for people no nothing is free in russia under that regime so the fact that he lives there and is able to have freedom of movement and the russian government so nice to him there may have been some reciprocity in that so there needs to be a real establishment of what was actually leaked we know it was leaked publicly but why were china and russia so affable and some understanding of the optics of partnering and it's known this whole argument this goes back to that ego component i cannot return the united states because i will not get a fair trial they hate me so much even though this giant celebrity if i return i will not get a fair trial the media will do nothing i'll be persecuted and martyred it's like shut the [ __ ] up go and have a neutral meeting sit down with guys from the justice department and the intelligence agencies and sort it all out figure it all out at the end of it if there's good faith there and honesty there then give the guy a pardon or make a deal where he takes a plea and it's time served or something like that and then he can go into the political class and be one of these guys that gets a job at harvard or mit and talks about privacy and data and it'll have this like superhuman appeal that people have all these ex-hackers have so i i think that's probably the best way of doing if i was president that's what i would do i'd have people reach out to him and say get the hell out of russia you have to come home come on now it's a disgrace to your family and these other people that you're living abroad the united states is not the evil monster you're making it out to be okay prison bad i get it but let's talk about this and let's be clear here prism is baby food compared to what china has constructed with social credit in the great firewall okay they have concentration camps in western china let's not pretend the us is alone on the world stage in terms of surveillance and the execution of surveillance and what there's no situation the kgb in historic russia or the statsi in east germany where there would be systematic oppression of opposing political viewpoints we see flirtation with that from time to time like obama's spying for example on the trump campaign certainly very distasteful worse than watergate in my view but that's not systematic okay it's not the case that every member of the libertarian party is being surveilled by the government and they're randomly taken and gulogged that happens in russia that happens in china these are these are things these are facts these occur okay so don't don't believe there's a moral equivalency there and the problem with snowden is that he is a figurehead for anti-american propaganda because what he does is he points out the sins of this country but he doesn't in any way equate it to the sins or proportionality of the sins of other countries so those other countries are more than happy to use them as a useful idiot to legitimize the things that they do or say we're big violators of human rights and so forth that must be addressed if he wants a pardon and a return to normal society he can no longer be used as a propaganda figurehead for how bad america is and there's just no reason to placate him in that way and stroke his ego in that way because he's already going to be rich he comes back he'll best selling books and interviews and 100 000 speaking fees we make the controversial celebrity so just because he was so controversial he's got this mysterious background the man will be a millionaire and live a king if he was to return the united states these charges be dropped so he has a very strong incentive to play ball here and as for efficacy of his actions a lot has to be done and there's bipartisan agreement to keep these power structures in place and i think the things that were brought up during the church committee and these other things that reigned in the cia and the intelligence industry has has faded a bit and especially with the fisa courts and that has to be resolved unfortunately there's bipartisan agreement to keep doing that the best chance we had in the last 50 years of breaking that was the trump administration because the obama used these powers against trump so he had a very strong incentive to undo it problem is he was incompetent so he had no idea how to actually undo the things that [ __ ] him in fact the very things were used against them in the mueller investigation and so forth it's another example of how power requires finesse charles are you stronger than a rebel shock trooper no that girl could kick my ass man yes yes would you take the vaccine i've been asked this question many times there is no the vaccine that's like saying the pill by february there will be four vaccines approved in the united states but darren fiser johnson johnson and astrazeneca they're all different they all have different safety and efficacy and they use two different mechanisms of action one's mrna one's prominent viral vectors the one that i think is the safest and is going to have the least side effects based upon the data i've seen is the novovax vaccine which is coming up and they've just started their phase three clinical trial in the us it's not clear to me if they can use their clinical trial in the uk to apply for emergency use authorization if they can it'll come in february if they can't it'll come in april to may now that vaccine is just protein and agilent that's it there's no genetic material no cell interaction it's basically they take moth cells they use it to make the spike protein they scoop them all up they put them in nanoparticles and then they inject that into your body it's a foreign agent your body's immune system says whoa we got to do something here and it creates an immune response i firmly believe that that's probably going to be the safest bet there's ample evidence of that from hpv vaccine to other things that have done this in the past i think the hepatitis b vaccine as well that it works very well so i that's the one i'm gonna get if it's effective and of course we'll have safety data and so forth i don't think anything's wrong with the mrna vaccines i think they're quite safe i think they would never be approved in a commercial setting outside of emergency use authorization because the side effect profile is too high eighty percent of the people get them they have some reaction like really painful arm fever chills one person to fight their trial they shivered so bad their tooth crack that's not exactly consumer friendly no more tears shampoo type of vaccination the dosage is probably too high those formula probably needs to be rejiggered a bit maybe they should go from two to three shots who the [ __ ] knows if you were talking about normal consumer medicine no one would take it if if they have so much pain and we've seen a lot of people have problems with that now does it kill you no does it create permanent damage no it's just super uncomfortable for a day or two if that and that's okay to be super uncomfortable for a day or two to recover or be immune to a disease that has a 0.3 percent chance of killing you to be immune to a disease that can permanently strip you of your taste or cause myocarditis or vasculitis or brain problems or and or permanent damage to your lungs a brother is a doctor up in wyoming and he has a whole icu full of patients who have coronavirus right now some of which are in their 20s and 30s it's not just all old people and even when these patients recover some of them have permanent disabilities as a consequence of being affected with this including being on oxygen chronic fatigue where they're so tired they have a hard time taking a shower to say that i feel bad for a day or two to be immune to the potential of that i mean flip it would you take a vaccine that had a 0.3 chance of death and a higher chance of permanent disability no so then why are you volunteering to take that vaccine from infection by not taking the vaccine so i say you have two choices in the vaccine either nature's vaccine or man's vaccine and nature's vaccine what the side effect profile is of that and you can pretend it doesn't exist there's a lot of full icus and a lot of people recovering millions of them who profoundly disagree with your assessment it's real it certainly has happened i know people who have died from this okay it's not the end all be all i mean there's certainly horrible diseases i remember traveling throughout africa i happened to be in a country during an ebola outbreak and i had to quarantine in that country for a while because they wouldn't let me out of the country the ebola camps that they had the mortality rate was sixty percent sixty percent six people out of ten would die the four who recovered almost all of them had permanent disabilities in some way or another severe disabilities in some way or another from recovering really terrible and what was so horrible about it was that one family member would go but you kind of knew the other family members were probably infected so they would show up a day or two later and you just watch them die one after another the mother dies on tuesday the husband dies on thursday two of the three kids died by saturday and just knew that that was going to happen all the way through horrible horrible disease coronavirus is not ebola okay so the problem with our media is it convinced the world the coronavirus was ebola and when it turned out that wasn't true it became the parent who told you don't do drugs because if you do drugs your life is destroyed you do the drugs and your life isn't destroyed so your parent loses credibility so then you start believing that drugs are completely safe and totally safe and there's no problems at all with them and of course google florida man and you'll find out that those are problems right how many potheads do yeah marijuana is not too bad but god if you smoke it every day you're a [ __ ] loser more often than not you have no motivation you're not doing anything you're not in a high functioning part of society because you're always just stoned and nobody wants to work with a stoner come on we all know these people they're dredges and it's something you do in your 20s and hope that god you get out of it by your 30s so when your parents say don't do drugs they were kind of really telling you don't become that person but maybe they lied and said oh well it's ebola it's so bad it'll kill you and that's what the media did they lied about coronavirus they said coronavirus is the spanish flu coronavirus is the apocalypse it will kill you five percent of the time you're gonna drop dead and even if you don't drop dead everything horrible instead what they should have been is intellectually honest and said if you fall into these particular groups you're gonna have a really hard time now if you're outside of those particular groups you still could have a hard time but you'll probably be okay but do recognize that if you get it you are a weapon and you're going to be spreading it to the people who are vulnerable so until we figure out how to take care of these vulnerable people it's probably prudent that we as a society scale back a bit and be much more reasonable about things that's a moderate message that could have been pushed instead they lied they said if you are a kid who's 12 years old you're you are going to die if you get coronavirus at the same rate then if you're a 78 year old man with congestive heart failure and severe diabetes and 400 pounds come on come on there's no equivalent less than 100 children under the age of 14 have died of coronavirus almost all of them were immunocompromised or had a congenital disorders or other such thing it doesn't kill kids stop lying to people okay why are the schools closed not because we're worried about the kids because we want to protect teachers stop lying to people the media lied and lie and lied and lied and lied so people are sick of the lies myself included they start just thinking oh [ __ ] everything right but the real thing should be nature's vaccine man's vaccine side effect profile of nature vaccine side effect profile of men's vaccine and you compare and contrast it there's no equivalency there whatever we're injecting into people it is so much safer than what coronavirus will do you probably could inject horse urine into people and that be safer than what coronavirus does to people it's a horrible disease influenza is a horrible disease and 330 000 people have died of this we can argue about those numbers but let's be clear here a factor of three to four more have recovered with permanent disabilities i if you walked in in 2019 and told me that 1.2 million americans are suddenly going to be afflicted with something that permanently disables them is that a problem more than all the people who have died in world war one of world war two and u.s casualties having a permanent decision that's a tragedy it's a national tragedy of a scale that is unimaginable and that's what just happened if we had a vaccine none of that would happen almost all of them would have not had a serious case so are you telling me that these vaccinations are so damning and horrible and terrible that that somehow is going to be worse than the rest of what has already occurred come on be intellectually honest and don't [ __ ] dunning krueger your way out of this and be so self-assured and no just know it's all a hoax it's all a scam is there power down at oh yeah of course the government take advantage of people to gain power and the littlest and bully us of course do mass work maybe maybe not hard to say depends on the context how the war yeah it's nuanced i agree with you but don't for a [ __ ] moment believe that somehow man's vaccine is worse than what nature is giving us right now it's terrible what nature is giving us right now it's a natural it's a national catastrophe and it's going to hurt and it's already devastating to hurt a lot of people scientists found a way to get us out of this and government incompetence propaganda and bad media has exacerbated a problem that could have been resolved should we have done lockdowns no they were terrible ideas they made no sense who had the solution taiwan they studied it for 17 years after the first corona virus and they had a war map like no other country seven people died in taiwan of corona buyers seven of a country of 20 million people hyper urbanized everybody's living on top of each other taking mass transit seven think about that so could we have done better yeah and we should have and the real response to all this is let's get out of it and let's burn down every institution that [ __ ] us the rampant corruption and operation warp speed their incompetence where they had nine months to figure out how to distribute vaccines they can't even vaccinate more than two hundred thousand people a day the funding behind who got money and who didn't get money with operation warps before vaccine deployment the fact that these companies were left to their own devices to structure the phase three clinical trials why did none of these include sterilizing immunity trials in tandem with the vaccinations what does that mean it proves that the vaccines prevent transmission why would that be useful because it would end the quarantines it would end the social distancing it would end the mask wearing because you can't spread it after you've got we could have proven that was that baked into the clinical trials no why i don't know you [ __ ] tell me i'm angry as hell over how much bad stuff has happened throughout all of this but i'm not going to be part of the problem i'm going to get vaccinated of course why not it's not going to harm me i'm fine i'd have a better chance of developing a problem from all of the lifestyle things i've done throughout my life and the bizarre diseases i've contracted from lots of fever on other such things throughout my life than anything that these guys are injecting into me my brother and dad have already been vaccinated they're fine okay it's okay it's not going to create a problem here don't be part of the problem be part of the solution the part of the solution is hold every politician who [ __ ] us accountable demand economic analysis of the lockdowns and once they're proven to be non-effective fire every single person who's responsible for get restitution a class action lawsuit against the government in some way for the businesses that were destroyed in the lives that were destroyed the direct consequence of poor policy make a massive investigation into how the government conducted itself from contact tracing to supply chains to ppe to the vaccines go through the whole gamut and demand a unified national strategy for the next pandemic and if they can't come to one then have the private industry create one and fund them for it for about 20 billion dollars we can pre-make vaccines to the phase two clinical trial level for every single disease that could cause a pandemic and within four months we can have a vaccine in market had we had that proactively for coronavirus we would have a vaccine in may and if we could mass manufacture every american could have been vaccinated by the end of the year and corona would be gone we'd have maybe fifty thousand people then instead of three hundred two thousand people there are solutions to this these solutions will not get implemented if we as the citizenry do nothing we must demand it and hold people accountable some people need to go to jail some people need to have their reputations destroyed some people need to have their money taken away from them that they have through ill-got gains i would love to see if there's insider trading with novavax and modernity in particular why did a company with 375 employees on the edge of bankruptcy that had never deployed a mark product to market since 1987 when they were founded somehow get a contract for 1.

6 billion doses when you look at all the different government contracts when and billions of dollars of subsidies and funding through operation warp speed if you actually believe that that company was capable of doing that there's too much risk in a small-scale organization being entrusted with that kind of capital why did the defense production act not be used to take over the company and nationalize the vaccine and open source it why not same for madeira never brought a product to market why not use the national the defense production act to take them over why didn't that happen monster salawi the vaccine czar used to be on the board of madarina before he became the vaccine star i guarantee you look at the stock price of novovax and how it went way up there is some sort of connection between the policy makers and that particular company it sickens me and that must be investigated absolutely must be investigated and we must be relentless as doggedly relentless as possible because here's what's going to happen four vaccines are going to be on market by february they're all probably going to be above 90 effectiveness by may we'll have at least five just us and then there's the global vaccines those five alone can vaccinate enough people that by june this is no longer pandemic for the united states okay it's over social distancing is over mass squaring is over some states will have it because they have [ __ ] control freak governors and so forth and here's what the government's gonna do god that was terrible we're so glad we're through it okay bye everybody everything's okay and try to sweep it all under the rug and pretend it never happened and business as usual and move on it's only gonna be a problem if we make it a problem so in 2021 that's our duty as people to get involved so get vaccinated yes they're safe and let's get out of the immediate crisis and end this before a million people die of it and we have five million people with permanent disabilities and then let's hold an inquisition and burn the people down who are responsible for getting it to a point that a million people died getting it to a point that millions of people have disabilities when other countries had seven people die ugh charles are you sure the codius is actually dead or is it hasn't been in hiding what would happen if it re-emerged doesn't matter now they lost it was a window of time ripple could have had smart contracts before ethereum was even launched they would have owned the entire d5 movement and the ico revolution if you are another smart contract platform why are you not tron what what are you unique are you bringing to the table that's special and interesting and unique there's nothing there anymore so codius this time has come and passed you can launch codius 2.0 makes you dig bigger and it cures your cancer it doesn't matter they've lost it right okay which bands besides pink floyd do you admire the most i really love bob dylan he just wrote the best lyrics especially 1960s 1970s bob dylan i saw in concert i i went to red rocks wonderful venue in colorado outside of morrison and it's like built right into the mountains you have these wonderful open-air amphitheater and i was so excited i had my bob dylan shirt on and i'd go there and i brought some friends who were like real bob dylan fans and so forth and we had to wait for bob dylan to come and of course he's late because he's [ __ ] bob dylan right you never expect that guy to be on time and then i hear him sing and first off it sounds he's been eating bowls of brillo pads washing it down with acid his voice was just messed up and terrible and i was oh god okay well i still can have the novelty of hearing bob dylan sing hurricane and tambourine man and all these great stuff and he refused to sing any of them not a single [ __ ] one he sung all this new stuff which was like jimmy buffett had sex with i don't know like pick your favorite bluegrass singer and it was like margaritaville bluegrass bob dylan it was crazy and half the audience left like within 45 minutes of the concert it was so bad and people were people are yelling like along the watchtower and he'd be like [ __ ] you i'm just going to do my thing bob dylan so vintage bob dylan great modern day bob dylan will we'll just pretend he doesn't exist i but i i love another guy i love jim crosh and unfortunately he died i think in 1973 of a in a plane crash but he did a lot of wonderful songs like operator but he also did time in a bottle and everybody forgot about jim crosh and then x-men did days of futures past or something like that and they had that lovely scene with the guy who could slow down time or speed himself up quicksilver and it said i could have time in a bottle that was jim crouch and a wonderful art i really liked jim crow i also liked john denver as well and john also died in a plane crash as well in fact one of my best moments i watched a youtube video of john denver and johnny cash together and they were singing a duet for rocky mountain high and johnny cash was another one what's sad about cash was that he got this great manager and producer to work with him right before he died and he did all these amazing albums and he did these amazing covers he covered marilyn manson personal jesus he covered trent reznor hurt in fact the hurt cover was so good that rezner was i don't own the song anymore it's like people are going to think i covered johnny cash's song so i loved johnny cash both vintage cash a boy named sue that's a great one boston is another band i really enjoy in 1976 they were kind of a one-hit wonder one album wonder they came out with more than a feeling and then long time incredible jam band and i saw them in person at fillers green down in down in arapahoe in centennial excuse me here in colorado a few years back and a great concert the doobie brother was open for him i really enjoyed it gotta love journey as well i saw steve miller in journey years ago at the pepsi center and then i liked steve miller so much when i had the ihk summit in 2019 i called steve miller up and i was like steve what are you doing he's like well nothing i say can you come miami and play at my my conference and he's like well pay me a lot of money i'll do it i said well okay i'll say well i also talked to ccr a little earlier today and the clearance credit revival is going to come and right they can't be revival anymore they revisit it they're going to come and play for me and steve's like well i've never i've never played with them before okay maybe we can make that happen so i got ccr and steve miller to come and play and boy that was a lot of fun a little expensive for steve because he charged me to fly all of his guitars out and i thought for sure that wasn't going to be very expensive but he flew 14 guitars to miami and that was fun but god it was great concert hung out with him backstage and got to see him and steve's getting a little older but i really enjoyed it been to phoenix arizona all the way to dakota philadelphia atlanta l.a and of course you have dan larimer's favorite song take the money and run but steve did great work and then ccr rocked it absolutely they [ __ ] fortunate son born in the bayou they were going all and they just got some great people in that band they got this kid from sundance that's doing all the vocals and god he's good so i really enjoyed ccr it was just a great concert private concert that that we put on and the other thing i really love is as i mentioned is pig floyd but there's actually two cover bands for pink floyd that are incredible there is the pink floyd experience and there's brit floyd i actually tried to get them to play and they were both overbooked and super busy but next time i do the irish case summit i'll see if i can get them to come and maybe get either waters or gilmore i'll blow upset waters because that goddamn opera that he did i went and saw it was horrible so maybe i'll get gilmore to come and just have him play with like brick floyd and i'll say okay it's pink floyd gilmore's here it's pink floyd it's okay we're good we're good god who else do i love with bands i've met a lot of musicians i really like charlie daniels as well i was going to have him come play it's really cheap to get you to play i saw him at the golden nugget all the time so i used to go to i go to nfr every year on the national finals rodeo in december it's the first week of december in las vegas and charlie daniels almost always would be there in frontier days up in wyoming and so i just go and see charlie daniels play you can get great tickets for like forty dollars it was you sit in the front row seat he had this eighty year old guy come out there and just [ __ ] jam for two hours and say where does he find the energy this is this is absolutely remarkable and unfortunately charlie daniels died this year and i was really sad about that because he's he was a hell of a guy he played with elvis he played with johnny cash he played with bob dylan he was in that tennessee music circle right in the 1960s where like everybody knew each other and they all played with each other and his claim to fame a lot of you guys probably heard the devil went down to georgia and that's just great song he's just fiddling it up and everything lots of parodies behind it i can't stand any of the the new pop stars i've had some hearing loss over the years and the auto tune new pop stars i can't even really fully grok the lyrics a lot of cases so i guess i've become an old man and also there's just no musical talent there it's just a manufactured in a laboratory and they run them for a few years and then replace them with another model and replace them with another model exit katy perry come in this model and it's it's bereft of anything i think lady gaga is incredibly talented though and she's a spiritual successor to cher and madonna and she kind of did her own thing and she has a lot of natural music talent and she's was trained properly and has the right pedigree and so forth a little biased because we have the same lamborghini although mine's a spider same color though so yeah god is interesting yeah there's a lot of bands out there a lot of classical musicians that are tremendously talented as well like valentina and lucizia she's a ukrainian pianist and probably the best pianist alive right now absolutely just remarkable and she did something that fubias can do she played everything that beethoven ever wrote and also the same for chopin and played it probably better than beethoven she's like franz liszt with with the feminine twist so there's some great pianists there and one of the joys i had when the world was open is that i'd always try to catch an opera or a symphony and especially all the european travel it was very easy to go see the the the berlin philharmonic or the vienna orchestra or go to the zurich opera house and see a nice performance or something like that it's just it's a nice evening and i really enjoy doing those things so i'm very eclectic and diversified musical taste a lot of really cool music happening in africa i was in rwanda i just met with president kagame and i was in kagali and they said you have to go to this after party for this africa transform summit i said sure and so i show up and they had all these young like techno rap classical cello traditional african artists that were there just doing stuff and i was like whoa what is this i don't know what's going on but it's amazing i'm both confused and aroused at the same time it's strange and magical so there's some really cool stuff going on there in the rwandan music scene in the academy music scene you gotta give you gotta give credit where credit's due okay i think i've lost everybody with my my musical ramble and i gotta get out of here at some point it's been going on for three hours i've lived a hell of a life and one of these days i'll have to write a book about it i've been in 52 countries i've met tons of heads of state world leaders fortune 500 ceos a lot of musicians a lot of creative people and i've really enjoyed all of all of my time and it's just getting started it's just getting better i met elon musk before he was cool i went to cu boulder and he used to fly there all the time because his brother is based in boulder kimball there is a little restaurant there called the kitchen he still [ __ ] cooks he's a billionaire it's crazy and he'd go to see ebola recruit because you have all these brilliant aerospace engineers and they'd just be we're not worthy we're not worthy so they would go and apply to work for elon and to be like yeah yeah you can work at spacex but i'm gonna pay you like twenty thousand dollars a year they get a job at boeing for like two hundred thousand they're like whatever you say great dealing we shall work for you so that was a lot of fun it was a lot smaller back in the day he was like known in the circles but nobody in the world kind of really knew elon too well and so you could walk up to him and be like mr mask can i take your picture be like all right sure i'm sure that doesn't happen much anymore talking heads yes that's another great band and queen we cannot forget queen that's another great band as well do you and he get along elon musk and i i don't think he remembers my name or much about me met him a few times i've met his brother a few times his brother probably served me dinner at some point throughout my life at the kitchen no i'm very small fish compared to a big guy like healing and there's a great legacy there so elon musk only met steve jobs once he was at a party in silicon valley and jobs didn't think very much if elon musk so there's a passing of the baton there so i've only really met elon musk one really significant time and i'm sure he didn't think too much of me so there's a passing of the baton so hopefully i've been anointed to be the next elon musk if if that transitivity holds from jobs to must to charles but that's probably ego talking the berlin philharmonic is a great place you can hear someone fart across the room the last time i heard them play i went to berlin and heard them do beethoven's ninth symphony at the brandenburg gate i showed up a little late there was already too many people there they had closed the entrance so i snuck in to the conference i found a hole in the gate and i kind of crawled through it and i got in and i managed to sneak my way as close to the front as possible but it was i may have done some things that were slightly illegal to do that but i saw them play and god it was amazing i took some videos one of these days i'll share it with you guys over over twitter you guys are getting all the inside information we got to get all of 2020 out just got to get 2020 out it's done 2021 is going to be amazing 2020 was horrible so we're just all commiserating on our our shared misery elon musk is truly a great african-american technically true he was born in south africa he is the richest african-american in the world thoughts on simulation theory i don't have time because i don't want to keep going to talk about that today but i promise you i will do a monologue on bostrom and simulation hypothesis and the philosophy behind it and so forth so the next time guys next year we'll talk about it hyperbaric update we are buying the hyperbaric chamber my secretary michael lacadouda he's been doing extensive research and we're trying to figure it out because the garage that we're putting it in is also going to have an ice chamber and it's going to have a floatation tank so in the same room i'll have a shower a flotation tank so an isolation tank an ice bath that i can get in and do wim hof training and a hyperbaric chamber how about that i'm going to get the heating and cooling and all this other stuff done and also we have to insulate it and temperature control the room plus we have to sound dampen so i am definitely doing the hyperbaric chamber to follow the jerusalem protocol that was recommended 90 minutes five times a day five times a week excuse me so what i'm probably gonna do is take my daily reading that i do and just read in the hypeberic chamber and follow the protocol now if we do this i'll i'll do methylation tests for you guys and i'll do a before and after i talked to one of our aydah fans dr lesser he's based out of florida brilliant guy and we'll probably rig something up where we can test my biological age before and after and see if the hyperbaric chamber did anything for me hypothetically increases your telomere length by up to 35 which is incredible and i think it really has some great regenerative effects so we'll find out you left ethereum can you say something to the cardano community that you won't leave cardano either just to increase confidence for the cardano community well mr singh i was at ethereum from december of 2013 to june of 2014. my leaving of that was mutual i didn't want to stay and they didn't want me to stay and we didn't agree on philosophy or strategy i felt for sure they were going to go bankrupt the project was going to fail and the people who bought in the ico are probably a class action lawsuit there was no reason to stay very lucky they raised 18 million only 500 000 was left before ethereum hit market and if the market moved in a different direction no one would talk about ethereum there definitely would have been a legal event most likely a lawsuit at the end of all of it because the funds were not spent in the cleanest and bestest of ways okay that's just the fact whether they want to admit it or not and laura shin and the others will dig all of that out in their books and make plenty of money reminding the world that it was not the prettiest of launches cardano i've been at now for almost six years working tirelessly on that which is 12 times larger longer than ethereum so if that's not an indication of my passion and resolve for this project the fact that we're just kind of scaling up i i don't know how else i can convince you so you have to just look at facts and patterns i've been working cardona since 2015 and it's it's the most meaningful product and project of my life and the whole point of building cardano was that i could use cardano to then go do things in africa for billions of people not just in africa but across the world those who don't have economic identity so it's in my best interest for that platform to be useful for as many people as possible which portends sticking around for a long time that's what i wanted to do with ethereum we were talking about holland's in the developing world i cared a lot about that when i left they started talking to jp morgan they started doing a lot of fortune 500 stuff they did a lot in europe and a lot in america and great for them and they certainly have a great market cap but not a lot of ethereum in the unbanked world so let's go do that michael saller yeah he's crypto guy rocket scientist created a great educational initiative sailor university standard big scale investor a tim draper just a little smarter and it's good to see him in the crypto space what is the cost of a hyperbaric chamber they run them anywhere from 10 grand to 50 grand it just depends on the bells and whistles and the supporting infrastructure around it i'm a little worried about safety i want to be able to operate it myself without problems and so there's a long history of new age entrepreneurs who have killed themselves with their experiments that they've conducted so i i don't want to be another one of those numbers so everything i do is very safe i get the isolation tank i use them all the time that makes sense kovitz stopped that i couldn't use the places that i used that's why i'm buying one and ice bath i kind of get that too i know how to treat hypothermia i think i'll be okay a little concerned about hyperbaric never done anything there yet also doing a lot of biofeedback work just bought a mendy we'll see what that does don't you need a toilet break soon i have taught before sir you develop an iron bladder once you lecture peter schiff i've met peter schiff many times throughout the years most recently in 2017 at a at the aspen institute peter's peter we call him doctor doom the economy is always collapsing gold is always king euro pacific capital has the one truth and now bitcoin is is the enemy why because it's the single greatest threat the gold investment the set of people buying gold is diminishing every year and transferring over to crypto and that's a huge threat to peter and peter is ill-equipped to be able to play in our space so he's doing what everybody does he's protecting his turf bitcoin's a scam rah-rah-rah he said the same thing to me in 2017 and eric voorhees and the rest of the gang and we keep telling him eric no and he's like no it's all going to collapse there's no value whatever peter's peter he's an artifact there are a lot of people in those mises austrian economic side that some are very good i like tom woods tom's a good guy makes me laugh slip note the slip box method iron bladder is my new death metal bat i have a story about this so carlo vicari used to work for me years ago back when we first came into etc and we were in malta together and carlos like charles dolphins raped people and i was like carlos that that carlos made up he's like no no they have these rape cops they'll actually like grab a person and take them into a cove and rape them and i looked at carlo and i was you're telling me there are dolphin rape codes it's like yeah and then we had this awkward silence for a little bit i looked at him i said that's perhaps the best death metal band name i've ever heard in my life dolphin rape cove so guys it's open somebody's going to take it and be the next metallica it's going to be great favorite board game is chess considered a board game can i get away with that i don't want to be like one of those [ __ ] hipsters and have to be like settlers of caton by the way i never confirmed if dolphins actually do that so i do not want to impugn the character of dolphins everywhere they save people from sharks they have really cool sonar apparently the navy trained them to like blow up ships or save ships from being blown up i can't remember there was some sort of dolphin navy connection so i don't want to impugn the dolphins and i feel bad about them being caught in tuna nets i'm just saying i heard from reliable people that there are dolphin rape coves whether it's true or not so i'm gonna have all these like dolphin loving people in the comments section how dare you flipper was magical what was that sea world ocean world where they had the intelligent dolphin that talked chess is a board game i'm gonna go with it i'm gonna go with it have you ever watched avatar the last airbender yes i watched the animated show and i saw the m night shyamalan movie and then i spent a long time trying to forget that i watched the m9 shyamalan movie and the twist is it's a movie have you tried long-term fasting yeah the longest fast i've ever done is i went two weeks to of not eating just water two weeks long have you read paul stamos oh i absolutely do i have two of his books right over there and he's he's a good mycologist there are other people that are of equal prominence perhaps better but interesting guy and very evangelistic about mushrooms love his little mushroom cap and he's certainly done a lot for getting people to be aware of the power of mushrooms what's your favorite movie probably the best movie overall as a movie like check every box was there will be blood with daniel day-lewis that was the most entertaining movie or fun to watch but just constructed as a movie in every part from cinematography to dialogue and so forth my favorite movie probably is blade runner 2049 love danny villanue there's so much depth in that movie and it's magical and it was stayed true to form where the blade runner was not commercially successful oh pulp fiction yes how the [ __ ] can we forget that yeah it was a great movie as well just out there are you still stagging if you delete the wallet yeah because your wallet deletion is a local event and the staking has to be changed by a transaction on the blockchain the the big lebowski amazing movie as well jeff bridges unfortunately has cancer i hope he survives i actually wanted him to become to be the master of ceremonies for the iowa k summit we're going to do a whole dude thing and then william shatner we talked to him i unfortunately couldn't do it because it was scheduled conflict then we talked to steve wozniak he had just had hip surgery so he couldn't do it so we we went with someone else to be the mc but jeff bridges was my first choice danny villanues says that dune is the best movie he's ever made i'd certainly [ __ ] hope so he's been wanting to make dune for 20 years and oh my god every movie he's made an audition to do that so doom better be good it better be so amazing like world changing amazing or else i'll hate him for the rest of my life what was in the briefcase it's an allegory for desire what do you think about blockchain that is used to verify donations to charities and verify charity transactions to so they know the exact amount going to the cause great idea i'd love to see something proposed in the dc fund specifically for that especially for faith-based organizations so much money goes out and you don't get a proper accountability for debbie does dallas you also have the popsicle stick debbie does dallas robot chicken parody how about that yeah yeah i didn't think that was coming did you but it did favorite rock monitor piece come on now the third piano concerto absolutely extraordinary valentine elizatia have her have her player she's the best he made a lot of great preludes as well i played some of them actually back when i used to play the piano eyes wide shut stanley cooper's last movie came out 1999 this great movie tom bruce and nicole kitman dmt stories well if i had any i would have to save those for joe rogan guys rogan after gogan what's your favorite spice girl you see i'm too young for the spice girls to have been prominent for me you have to ask me what is my favorite my little pony because i'm writing the age group for that see todd you gotta you gotta know your audience you gotta know that come on todd oh spice girls were huge in elementary school why i didn't go to elementary school i was home school so yeah how about that that's why i graduated at 15. very [ __ ] awkward going to college as a 15 year old don't do that who's the most powerful man in crypto soon to be janet yellen she has within her power to make bitcoin two hundred fifty thousand dollars or five thousand dollars or somewhere in between there's no person more powerful than that i'm not gonna answer that one yet i'm looking for this one right here just came in from tio hi charles i'm still waiting on you to drive your super car on the driver's seat car on the racetrack in vegas i've been looking at the new mclarens the 720s do you guys have any of those in stock the other thing is we're in a weird supercar reality right now where they're all going battery and the battery-powered ones are like 1200 1500 horsepower and they're insane the new roadster for example it's like 1200 horsepower zero to 60 in 1.

8 seconds it's insane absolutely insane so yeah i i would only take the time to go to the track and drive something if you guys have the new stock i don't know a porsche 918 with the hybrid train or a mclaren 720s why janet yellen because she controls u.s policy on cryptocurrencies and she can decide to be thumbs down or thumbs up or somewhere in between and based upon those decisions we'll see hundreds of billions of dollars of institutional money enter the cryptocurrency space or not so she's very powerful in that respect we do but don't drive a mclaren they are terrible they break after two times my oil pump went out in the lamborghini at twelve thousand miles cost eight thousand dollars to fix it don't tell me about breaking cars you bastard the italians we make it a good car kind of a [ __ ] [Music] no cozy cozy but you gotta love it i actually got that because i work for polymath i did polymesh and they paid me a consultancy and i said well i'll get a lamborghini with it it was my one superfluous expense i drive nothing but cadillac's and trucks and i said well i've always wanted to have one of these so i was in a position where i had these tokens these other things and i said [ __ ] it let's do it so you can thank paulie for the labbie not italian italian keep out is favorite arnold schwarzenegger film oh my god that is the hardest question i think anybody's ever asked me i think probably predator was the most complete of all the schwarzenegger films it's standalone it's just [ __ ] timeless you can watch it today it's just as good as the day it came out i mean everybody says terminator 2 was the high point and there's a lot of great stuff in his career but that or total recall we're both great see you at the party house he throws the arms oh my god oh that was so good what was the first car you ever owned a dirt poor out of fort taurus oh clunky taurus lp 610 spider oh this guy this guy no i've seen this guy he's like all over the comments section he's all over twitter besides being like part of the paint chip for kate he can't even get his lies right we did a public disclosure about how much data we hold it's 2.4 billion he claims there's 5 billion and we received that data as compensation as part of the development contract to bill cardano the valuation of the ada at the time it was given was 6 million dollars very small amount relatively five-year development agreement for a large team in addition to the bitcoin fiat received but this guy keeps going every channel every time says the same lie says the same lie says the same lie and so forth i think it was the person that reached out to me over telegram and told me i needed to burn for some reason all of the ada that my organization holds because it's not fair i told him he was an idiot and then banned him blocked him on telegram and then after that moment every single ama and youtube video i make he comments on it and also goes to twitter and cc's the sec and post screen captures of me calling him an idiot for telling me to destroy my own money of my company that was earned for commercial services perform this is an example of a bad person just a bad person a misguided stupid bad person who holds a grudging vendetta because he didn't get his way and that's what they do i'm a bad guy because i'm successful dude i've been in bitcoin for a very long time i've been in the crypto space for a very long time the three projects bitshares ethereum cardano that i created collectively hold a market value above 80 billion dollars and that's just the projects i created not the work i did in bitcoin the bitcoin receipt back when a bitcoin was a dollar think for your [ __ ] self i'm a successful entrepreneur and i've been in a very successful industry the most successful industry in the last 10 years in human history and that's called being successful you're not you're a [ __ ] loser who just shows up and just rants again and again and again and again and again trying to piggyback on other people's success and i really don't appreciate the things that you do this is my pro i opened up the ama it's a good way to bookend what we're talking about it's the longest ama i've ever done fitting way to end 2020. i talked about empathy understanding people knowing their motivation where they come from what they do and actions speak far louder than words everybody can tell you how honest they are how great they are how big their dick is but at the end of the day i follow the paul helmos way of doing things paul halmost was a famous mathematician and he was a great mathematician but he was a better writer and he followed something called the inductive writing method so he'd write the first chapter then he'd write the second chapter go back and rewrite the first chapter then he'd write the third chapter and then go back and rewrite the first and second chapter and so forth so it took him a really long time to write a book they'd all be very small the first chapter would be [ __ ] phenomenal last chapter would be incomprehensible but he had this great method he said tell him what you're going to do do it and tell them what you did that's math and how most was just a genius in that respect this great hungarian mathematician i really admired him i never had a real chance to meet him he died a little bit earlier the before i had a chance to get too big into math and i really wanted to because i so admired the way you wrote and thought and so when we look at cryptocurrencies it's like tell them what you're gonna do we're gonna build cardano okay so some people took the risk and we went and did it a lot of people actually 9 914 in japan korea other places in asia and three core entities that work really hard and then we did it we built carton and we released it in september of 2017 and that we kept working on hundreds of updates throughout the last four years we got it to a point where 1200 stateful operators are here million lines of code 91 academic papers hundreds of thousands of community members listed on 30 plus exchanges there's tons of success there and a beautiful road map for how that we can match or exceed every single cryptocurrency in market we know how to do it and so for inevitability in terms of capabilities and we did this in a very uncertain environment we did this in an environment with a million problems we had issues with the cardano foundation with michael parsons we had product managers that didn't work out project managers that didn't work out we chose the worst language you could choose to build this thing in haskell we somehow survived we had to build up the language itself and then the haskell community some members of it attacked us for bizarre reasons like oh crypto is using haskell for reputation laundering let's write blog posts about it meanwhile we're investing millions of dollars to make haskell work on webassembly and javascript and funding the haskell foundation and and other such things it's been a hell of a journey and we did it we got it over the line this was our year shelby shipped no one thought it was going to it did it was the hardest single launch in the history of our industry women from a static and federated system to a dynamic and decentralized system and now we're in the tell them what you did phase because there's a gap between what's actually in market and what people perceive to be in market so we have to spend a big chunk of 2021 just telling people that about what cardano is because it's a leviathan it was built to last and that was five years of my life the hardest five years i've ever had in my life and i didn't have to spend these years this way i could have just rested on my laurels and and i could have easily just gone off to the mountaintop not really worked so i'd already reached enough success by the time i launched cardano that life was gonna be pretty easy for me no matter what i chose to spend half a decade of running around the world going to 52 countries running a company building all of this because i legitimately felt that the things that we were building could make a difference in the world and what happens is that when you do these things it creates a beacon for some people to just go out there and beat the hell out of you and used to bother me it really did it used to just eat the [ __ ] away from me and i just be like god who are these people but now it's makes me sad i just feel pity because i think god this person lives in a world that's so small that no matter how much evidence you give them or what you show them or what you've accomplished what you've built what you can do with what you've built they still believe what they believe and it's just like dealing with a flat earther it's like dealing with somebody who thinks the earth is 6 000 years old you just can't convince those people you can't get them over the line you really just can't push them in that direction and you feel so much pity because at the end of the day their lives are terrible because of that perspective they never achieve great success they never get respect from their peers they they never get a good life which is why they got the chip on their shoulder and the victim complex and the anger they feel they've gotten a bad shake and they feel the world's against them but they don't have the emotional intelligence or skills to admit the reason why they didn't get a fair shake is because they burnt themselves to the ground it's like seeing an addict or an alcoholic who can't admit that they're an alcoholic or any of these people laden with problems and they can't admit that they have problems so that's i guess the book end of all of it it's in a year in closing 2020 it's been a very hard year for all of us and what taught me especially watching all the tragedy i remember when the markets completely collapsed and there's blood in the streets and everybody was panicking and i went out there and i said the only thing we have to fear is fear itself i quoted fdr i think in that video it's in my office and i didn't have a single concern i said what we've been through this before we will recover we will prevail we will get through all of it and sure enough we did the world got better things got better hope came it's clear that this is ephemeral most tragedies are but what it did leave me is that we need to be more empathetic we need to care about each other more we need to understand other people's perspectives i honestly do try to understand these critics perspectives i get max kaiser and tone vase because i know what makes them money they do and say the things that they do and say because that's their business model it's the same for chico crypto that's his business model and he scaled it down a little bit because of litigation but at the end of the day it's still his business model and that's how he exists that's what he does and that's how he gets clicks okay so i understand that and i don't take it personally which makes me profoundly sad is when people have these perspectives that hurt themselves or hurt others and there's no reason to have that perspective and it's impossible to convince them otherwise that person who posted that i'm sure in his mind 100 percent believes i'm a con man and scammer who's trying to hurt people in this industry and that cardano is not real it has no real value and it's a bad thing for everybody you can spend the next 10 years putting paper putting progress putting partnerships and things in front of that person and he'll set it on fire because there's nothing that you can show him to convince him otherwise that's just who he is is is his perspective on life it's the same with the anti-faxers or these other people they just think they're right and you just can't have a conversation you can't connect because they've defeated themselves and that's the biggest challenge i think that we have to overcome in the coming years that empathy gap and the inability for us to have conversations anymore it's getting much much much much worse now there are so many people on the political spectrum the religious spectrum the scientific or anti-science spectrum the crypto spectrum who are incapable of evolving and growing and listening and learning and being able to adapt and change to new ideas it's impossible donald trump lost the election guys it happened you might believe it's because of fraud or not fraud who knows but he lost and joe biden will be president of the united states this should not be a controversial statement just should not it's a reality it's a fact we live in it and in 20 days time it will be validated every single time i've mentioned this in a video i've had people sincerely post comments saying you are wrong just you wait and see biden will never be present and they believe it they would literally give all their money put it on black they'd bet on because they believe it with that much sincerity and then when it happens not happens on the 20th present he's being sworn in it's going to be like this catastrophic cognitive dissonance and then they'll have to construct some elaborate mental construction the catholic church actually ran into this when pope benedict stepped down the fundamentalist catholics in the catholic church that a pope cannot resign so when pope francis came in they said he is the illegitimate pope only pope benedict is legitimate until he dies francis cannot be pope you can't say anything to convince them otherwise even benedict the pope who's infallible says i am no longer the pope he is the pope i am the pope emeritus they still believe benedict is the pope these fundamentalist people catholic church and same thing will happen here so i don't know how to solve that and all i know is there's an empathy gap and people have a lack of understanding and lack of appreciation for evidence and that's going to be the great challenge of my generation in our time is how do we as a society overcome it because it is getting worse the divisions are getting worse people are starting to hate each other people are starting to excommunicate each other i have a cousin who married or i guess is in a serious relationship with a gender studies phd and she's just offer rocker and apparently she's made a mandate that he's not allowed to see my uncle and on his family they're super tight his family and him and he can't see his family because she says she doesn't feel safe around them because they don't accept her for her lifestyle or studies or whatever the hell it is i just can't imagine that having this bizarro perspective on things where because people disagree with your field of study or the things that you do you have to take it to a level where you tell a person's son you can no longer see your father or mother or other family members for the rest of your life that's happening it's now happened to my extended family it's it's happened a lot of other families as well cult is destroying people and if you try to go and reason with this person and say do you think that's appropriate you talk about harm and microaggressions and psychological trauma what type of psychological trauma are you inflicting on him by denying him his family that he's loved for 30 plus years over the head it's the world to live in and that is the great challenge of our time is how do we overcome that how do we bridge those gaps how do we get people to understand each other i have strong disagreements with eos and tazos i've been very vocal about that as i do vitalik and these other guys but what i don't delight in their suffering and i applaud them when they do great things for example when ethereum two launched i said congratulations vitalik that's the world we should live in that's the world i'd like to live in and let's make 2021 the world that makes that happen all right everybody it's the longest ama i've ever done almost four hours straight of me talking how about that i went from like eight a.m eight pm to twelve p.