Being Productive in the Face of Chaos

hi everyone charles broadcasting from warm sunny colorado currently 10 42 at night still got work to do but i figured make this video interact with you guys the community so i was just in a twitter spaces with around 2000 people and janna brought it on a lot of different people are there and we're kind of trying to dissect and understand the infrastructure bill and the amendments and the point of this is to talk about let's let's be productive let's be real about what we can do today and what we can do until saturday when the vote occurs looks we have an uphill battle but there's a lot of things that can be done right now and they can be done after the event however those cards fall so if you are in the united states you have two senators for each state and you have a congress critter who lives in your district find out who they are and let it be known that this is something incredibly important to you so whatever state you are in there's two of them call them up and say this is what i care about please do call email and write a letter do all three you hear that a lot but if there's a tsunami wave of passion and support here then that's at least something to get the pump primed second dennis is going to send me a list of all of the pro crypto congressional candidates senate candidates and other politicians what we'll do is process that list and i'll see if i can get a website or have someone in the ecosystem create a website to list all of those who have taken pro crypto positions i think this should be an industry-wide effort it's very important that the industry come together set the maximalism aside and realize that there are greater concerns here and if something an infrastructure bill can be used to so dramatically change the face of our entire industry and the compliance requirements then we have to understand that this is the first of many salvos that are coming our way so it's incredibly important that we attach political consequences to attacks on our industry that means that every single person who votes for this upcoming amendment the portman amendment they need to suffer both a primary challenge with a well-funded primary challenger and they also need to have a well-funded if they win the primary opposition candidate regardless of what your political leanings are left or right just pick the opposite get money to them and if we do this in mass then there's a really good chance that they'll take notice and make it be very very clear that the number one reason why this is occurring is because the bill was passed they voted yes on something they shouldn't have voted on that's political consequences we'll try our best to get as much media attention as possible here and of course we'll try to educate as many people as we can so i'll talk to my general counsel joel tepner tomorrow and see if we can get him to write a blog post on our website defining what exactly this amendment actually means and what consequences it could conceivably have now on the technology side there are a lot of things we're exploring with realfly about the ability to introduce compliance and regulation into decentralized systems using dids so there is some potential that we can have a compromised solution there but as a wholesale situation where there's no de minimis provision and you could be a stake pool operator offshore and a single u.s participant delegating to you could inadvertently make you a criminal is an extraordinary thing and it just shows you the inhuman inflexibility of this type of legislation so we're not out of the fight yet there's things to do bills to pass or revoke and we'll see what happens with the vote on saturday but we should remember the vote on saturday and that will be recorded the vote and every person one way or the other we're going to remember and those who vote no on this horrendous amendment they instead vote for loomis's and that's at least something and those who vote yes we have to create political consequences for that so they know they can't come and victimize our industry so between now and saturday the best we can accomplish is write your congressman write your senators and let it be known that you're not happy about this and educate others and longer term we need to support political candidates who are blatantly against this i maintain my position that the only way we're going to get out of this longer term is by a constitutional convention because i no longer feel that the federal government has the capacity to actually govern a society as complex as ours and we need a new system of government to actually be able to accomplish this now let's say the disaster scenario occurs and this bill is passed as written i will try to work with coin center and others to get at least some modicum of clarity of what the hell does this actually mean for stake pool operators and those who create defy and deploy that d5 so i have a meeting on monday with fred regard the ceo of the cardano foundation we have a weekly meeting usually and we'll talk about the foundation financing some the production of some memo memoranda specifically targeted towards u.