Division of Time

hi everybody this is charles hoskinson broadcasting live from warm sunny colorado i wanted to make a video about division of time i i've been recently making a lot of commentary on the etc ecosystem i've also reached out to other ecosystems the bitcoin cash ecosystem the litecoin ecosystem for a variety of reasons and i i noticed that there are some people in the comments and then telegram and twitter and other places say oh no focus 100 of your effort on cardano why are you talking to etc why are you doing this and doing that so first off i run a big company i we have over 250 people about half of those people wake up every day and they're involved in cardano the other half are not so as the ceo of a company where you have that kind of division there's non-cardano things i do now cardano's our largest project we're heavily involved in it and obviously we wake up every day and we want cardano to be successful and have billions of users and this is why we are following the process we're following we're building the technology we're building it's why we work very hard trying to commercialize it every deal we do in africa every deal we do in eastern europe every deal we do in asia we have a cardano first policy of deploying those deals on that platform and we built that platform to service those deals and as that platform evolves you'll see more use and utility from our sales channels in that respect that said one of the pillars of a third generation cryptocurrency is interoperability it's kind of a silly thing to be a maximalist but then also talk about interoperability what the hell is the point that either you want one chain to rule them all and therefore you don't care at all about talking to other systems or you put your money where your mouth is and you work on those other systems you build expertise in those systems you affect changes in those systems so that those systems can partner with our systems and work with our systems the ceo samsung he has a division that every day gets up and works with apple and they work on the motherboards of the iphone and build memory for them do all kinds of cool things and samsung's that division knows what the iphone is going to look like before any of us knows that at the same time there's another division at samsung that wakes up every day and it works on phones like this the galaxy to compete with the iphone great companies have the capacity to do these things and we are a great company in that respect we have different and dedicated teams for different products and projects now we will never work on overlapping systems it's not the case that we're going to have developers go and work on cardano and something that's a direct competitor of cardano because it makes no competitive sense for that to happen and i do not view etc as a competitor of cardano it's a proof-of-work system not a proof-of-stake system it's a code is law system not a world financial operating system play it's a system that will always have a smaller group of people in it and always have a smaller set of things to do so time spent there with a completely separate team has no bearing or impact on our ability to deliver things with cardano and the other thing is the ceo of this company i can't accelerate things above and beyond what the teams can do for example today i'm waiting for daedalus flight to come out there is nothing i can do i can't pick up the phone and call the engineers and say can you ship it 15 minutes faster the plan is there it's been set the release manager is there the qa team's there everybody knows what to do there's consensus amongst that team they're going off to the mountaintop get it done and when it's done they'll let me know and then i'll tweet new deadlifts is out guys go play with it and it gives me some work to do of course but until they finish their job there's nothing to do in that respect the cardano plans we have are well set we know exactly what we need to do those teams are working hard and i do everything in my power to accelerate things where and when it's safe to do so and everything in my power to get things done shelley for example we worked so hard to get that out july 29th we had almost unlimited overtime everyone worked the weekend some people worked over 40 days straight to get that release done meanwhile half of the company was doing other things in other capacities and working on those projects none of their work or the other cryptocurrencies we tend to work with had any bearing or impact on our ability to accelerate or decelerate the shelly work stream so i just want to make sure everybody understands that and for people who have developed a maximalist mindset to get out of that maximalist mindset there's a place for maximalism it's called bitcoin maximalism if you live there go there okay and go believe in that project in that chain but this is the cardano ecosystem it's going to literally work with hundreds if not thousands of different standards over its life from central banks to other cryptocurrencies to legacy financial operators from the chases of the world to the goldman sachs of the world provisions will be made to build special hooks for these systems including interoperability with permission systems it's very likely in the next 24 months cardano will be talking to an instance of fabric hyperledger fabric from ibm very likely that that's going to happen it's very likely we'll consult on a project that does that and no way does this diminish the road map or somehow make cardona less competitive it's actually quite the opposite the fact that we can work with those systems the fact that we can do things with those systems means that the platform as a whole is intrinsically more valuable it's easier to sell to fortune 500 companies it's easier to get use utility and adoption because people understand that they're not being led down the road of vendor lock-in and regressing back to the old days of internet explorer or what consensus is trying to do with ethereum trying to lock everybody into one standard one system rather the value proposition we offer is true interoperability the ability to move in and out furthermore when you create partnerships with other ecosystems then their success is our success for example if the treasury system proposal succeeds in etc they will be in the market for a permanent treasury system in 2021. we as a community can make the case that we've constructed with voltaire is a great choice for them and of course we'll try to make that case and if it's successful we provide mutual value and benefit more volume and transactions and activity on the cardano network and for etc they have a best-in-class treasury system that meets the values of that community the exact same argument can be made for litecoin or for bitcoin cash or for other systems and if you want to see the wrapped litecoin video that i did earlier in the year it gives a great road map for a potential push there furthermore what if we turn datalists into a multi-currency wallet that's already going to happen because we have a multi-asset standard and so when people issue tokens on cardano deadlifts will support those tokens sometime in the future it would be very easy for us to pull ethereum classic and litecoin and bitcoin cash and other ecosystems into the daedalus wallet what does that mean it means that people who live in that ecosystem will be using our technology as their day-to-day experience in hosting for their token and what does that mean if we have a dex built into that thing it potentially could create more adoption in use and utility for ada and this is the point we accomplish so much more working together than beating each other down i am damn tired of the cryptocurrency markets as they are the fanboys the trolls the fud the maximalism the relentless allegations that people you disagree with or hold different tokens are scammers or criminals or bad human beings it's time we as an industry set this aside and grow up just grow up or else what's the point why would anybody looking from the outside at all of this chaos and noise and insanity and maximalism want to come play in this pool it's you're about to enter a bar and you see a bar fight do you keep going in or you turn around and walk away and say i don't want that trouble i'm going to go down the street somewhere else that's safer and so how will we ever get mainstream adoption how will we ever make the argument to governments that they should trust their elections their property perhaps even the money of their people on our systems if we're incapable of entertaining other ideas other philosophies and other ecosystems we don't deserve the right for that responsibility if we're not mature enough to have differences of opinion and be able to welcome other ecosystems into our own so this video is a call against maximalism first and foremost and second it's a realization that the duties of an executive officer are extensive and plenary meaning that there are days i wake up and there are ethereum days and by the way working in that ecosystem gives me and my company exhaustive knowledge on how ethereum works which allows me then to build a better product than they have and understand where all the bodies are buried all the flaws in the protocols the security issues the performance issues the the wonkiness about the smart contract development experience that intimacy is extremely important to be able to predict react and also plan a competitive strategy that can take you in a different and better direction you just don't live in a mono culture it's a bad deal that's the second point you have many projects when you have a larger company some of those projects are completely separate from each other some of those projects may have a bit of overlap we have a philosophy that we don't work on competing products for example we have done work with horizon and as a consequence of doing work with them we're probably not going to work on zcash at the same time as long as we have that relationship there we for example work on cardano so we're not going to go work on another proof-of-stake system that wants to be a financial operating system that would be a direct competitor for example tazos would be happy to jointly author papers and coordinate collaborate but there needs to be a cardinal benefit in that relationship whereas theorem classic as i've mentioned is a totally different system and it's something that we have as a company historically worked on for years we started our participation in 2016.