Some Updates and Some COVID Thoughts 04/03/2020

hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado currently April 3rd and I wanted to make a video to give some updates talk about new things talking about Corona why not I mean we're all under quarantine what what at what else do we have to do talk about my cool router in the back so today was a pretty interesting day I had a great time a great experience with McCann the marketing of Cardno of the PR of Cardno the visuals behind card on oh this is a really big endeavor there are a lot of different entities that are involved on the commercialization and the presentation and the explanation so I figured it'd be good to kind of open up the curtain a little bit and talk about how we do things and where we're going and and how involved this actually is so every company emerge o'connell Foundation and IO HK we all have our own marketing divisions and usually that involves not just one but a collection of people who are cross-disciplinary so we have media relations specialists communication specialists product marketers and then people who are actually directly responsible for campaign marketing and then we also have Community Managers who helped build morality and surrogacy with messaging then there are actually three external firms that were actively working with either talking about commercialization or talking about marketing itself so the commercialization side it has been really spearheaded and unified by PwC we had a workshop right before the quarantine started so knock on wood were very lucky that we managed to get in and out without most of an issue and that was in London and really what that allowed us to do is spend three days with Cardinal foundation imir go and Iowa JH k together a big chunk of people well over 50 people at the PWC offices in London and working alongside them we were able to have a broad discussion about delivery execution marketing commercialization prioritizations roles and responsibilities enter corporate communication it was an extremely intensive three days they were 1215 hour days enormous amounts of information was collected hundreds of action items were produced we had to create an entire committee in team within our organization just to address our collection of things that we need to do and we've been processing that now some of that workshop was about vision and mission better ways of discussing and describing Cardno better ways of discussing and describing car down on a fortune 500 companies etc etc then I which K also works with the organization known as April 6 there are PR specialist organization and they're very very good at sentiment analysis they're very very good at getting strong relationships with good journalists independent or attached and being able to create great narratives and assist us with a lot of different things that we need to get done whether that be getting some positive press in certain jurisdictions campaigns within certain jurisdictions to just more accurate and fair descriptions of our products but they also can assist with marketing and they also do sentiment analysis which is basically the public perception of the things we do now we also mentioned that we're working with McCann and we've actually been working with McCann sense I think December and this has been a a hot cold relationship in the beginning they did some work and I wasn't terribly impressed with that work and I was very critical and vocal mostly because I felt the team was very talented we've been working with them for something else that we haven't announced yet and that workload was quite well done and so I said come on guys you're better than this this is this is not great work so today they did a presentation and it was considerably better than the first presentation if they really took the heart they got very specific they did everything from brand to colors to some ideas about campaigns and I was very very happy with that output and it gave us a lot of hooks that we can connect to as three entities and all the people working together so that when we launched Shelley at the same time as launching Shelley we can actually launch the rebrand card on the most significant asset in that relaunch will be the Cardinal org website I liken it at the moment to like Pompeii if you ever go there you can see all the ash bodies and the city that's been frozen in time similarly cardona org has not been updated in a very long time in a meaningful way and what's happening under the hood is a big team of people are working across all three organizations with our external vendors to completely rebuild that website as the entry point into the Cardinal ecosystem that regardless if you're on the investor side the developer side the governance side or you are on the operation side the snake pool side there'll be a place for you to hook into and lots of rich content both static and dynamic and interactive in some cases that allow people to basically come on in so we're we're quite happy to see that McCann has finally produced something that we can use and work with and actually I think it's going to provide a lot of value to the ecosystem I know you guys have been asking you about McCann for quite some time and I keep saying well let me see what they have let me see what they have and they finally did something that's quite significant and I think with what they have we can work with that move forward and ultimately it's going to be a very productive and positive relationship and you often find this with contractors or external firms there's a spooling time for them to get familiar passionate and really get a chip on their shoulder and feel they have to actually deliver something great and you have to kind of break through the ice and sometimes that requires sharp elbows but we got there and I'm very proud and happy that we finally did so this brand refresh will probably take another six to eight weeks of work and it'll probably also involve some other activities that we're pushing forward and then there's a lot of product marketing work that we have to do you really have to do a good job explaining or borås we really have to do a good job explaining extended utx they'll model and Marlo and a DSL driven approach for smart contracts our multi-asset system is very different from the ERC 20 system so we're gonna have to do a lot of work to explain that there are certain concepts like how we handle voting in governance which people don't quite know about yet we haven't really been public with them yet but those are coming soon so we really do need to start talking about them and other little artifacts like how address T it works the libraries that we're going to be rolling out this month if you're going to use it for integration these things so it'sit's a Herculean effort oh and also Cardinal Docs is being completely rewritten and that's also in that six to eight week time horizon and we'll be releasing a lot of assets so marketing is definitely underway and there's at least five entities independent entities working full-time with non-trivial amounts of money and people at getting things back to a point where we can feel comfortable with a very aggressive campaign and really push out why we're special why were unique yet why Cardno is an amazing platform to utilize regardless of the particular personas or behaviors that you're indulging in so for the Macan question I just wanted to address that and say good work guys and more to do and about the pirate reboot did pivot to that we release flight we've received 27 support tickets so far in flight we're gonna cut another release for flight in on Monday we found a memory leak and a few little things here and there but overall we're very happy with what we've seen and overall we're very happy with the response and the dialogue that we've had as a result of flight so shortly thereafter this next cut of flight if things look pretty good then we'll push that to the classic Daedalus and get that out and then that will keep the rollout plan for buyer and reboot it looks like most of the reboot should be percolated throughout Cardno by mid-april in addition to that we've got a lot of questions about the audit report that route 9b did and we're in remediation mode right now for their findings I think currently our schedule is all remediation should be finished and signed off by April 17th now if that occurs in route 9b is comfortable with the remediation and authorizes a release then will publicly release the audit report we've done this before with Cadell Ski as a prior auditor so I don't really anticipate there's going to be an issue there but it looks we're gonna have a clean bill of health after we finish all the remediation it's very worthwhile audit was a lot of fun working with the rune IB crew and we'll probably engage them for a more deep and aggressive audit on certain parts of the system a more dynamic otic than just a static analysis because there are certain things that I personally would feel really good if we took a closer look at in general because they've never been looked at by people in the cryptocurrency space there's a lot of cryptography used within Toronto from AK evolving signature to verified random functions to a new type of signature scheme we made modifications for example to 8255 19 for the HT wallet support so there's little things like that that that are specific to card on oh and they're not used elsewhere in the space or they're not used by a lot of projects in space so in general you need to spend quite a bit of time auditing that stuff but route 9 B has done a phenomenal job actually doing your first pass we have an internal audit group at i/o HK they mostly come out of Rensselaer Polytechnic Institute and they work with facilities zika's I think they're called be cryptic and they've been with us actually for two years and they tend to take a look at our designs or specifications and specific issues we also have several cryptographic engineers who work at i/o HK who specialized in the implementation of graphic algorithms so we're uniquely suited as an implication firm to deal with this type of code and write this code safely so generally these audits are more formalities than they are things that find significant issues although every now and then there's something that surprises us and this is why we do it and we think it's a final watermark but look for that as well so the pirate reboot is right now being digested and I'll to tail end of that the remediation for some of the Shelley stuff will also be done and will will release the audit report in April next week is a pretty heavy week for us where we're now having a deep and detailed discussion about the Shelly Haskell test net and the best way of pulling those pieces together and starting that rollout so I don't quite have news for you yet on dates but throughout this month as things mature materialized now that we're on a regular police cadence literally every week software is being released note is every two weeks Dedalus flight is at least every two weeks the note and wallet back end is every week a lot of stuff is coming and those things are not biron stuff those are directly shellye components and so just a matter of stitching things together and just a matter of deciding how we want to handle that roll out so we're still debating what the the best options are on this roll out but the good news is that we kind of learned a lot from the ITN we found 269 areas for improvement from our post-mortem of the ITN we also learned an enormous amount about from our community about suggestions for ways to improve the state will experience the user interface a specific API is that they wanted libraries that they wanted we also talked with some firms for example we talked with vice and trails about staking as a service from because certain exchanges use them and we're starting conversations about how we can integrate so that when Shelly has turned on if you have your ADA in an exchange that supports this and their client you'll be able to delegate through them as a staking service so there's a lot of these conversations going on we also signed an agreement through the Cardinal foundation for Ledger to support both multi-sig on Ledger as well as cold storage excuse me cold staking on delicious device so a lot of these little things are kind of being done in parallel in addition to the libraries we're creating in addition to a lot of the digestion of the pirate reboot but overall we're very happy with what we see and not only that the fact that the release Cadence's are still consistent and what we thought was going to happen is actually happening at practice and so marketing is underway byron is being digested a lot of Shelley's related stuff is happening under the hood this month and hopefully we should have some good news for you guys pretty soon within the next few weeks about what's happening in of course we'll keep our monthly product update cadence we have great attendance I think almost a thousand people attended live for the crowd cast and we're right now next week kind of narrowing down to a final selection of vendors for the virtual conference we're going to have for the launch of Shelley and hopefully we shouldn't be able to do some advertising quickly for that because we'd like to get as many people as possible to attend now there is a conference we are attending that's ritual and so it's my first virtual conference rule about second virtual conference I did one a few years ago but this is the zk proof summit that's going to be happening April 20th and a few weeks every I think Monday Thursday or something like that so we're presenting there and if you're curious about the research we've been doing for the past few years long zero knowledge of cryptography we actually created our own snark and implemented our own Stark and we're starting to do some really cutting-edge research and private computation it's kind of a next generation style thing and so the authors of that paper Kachina and sonic the privacy conversation seem and the snark respectively we'll be presenting at that conference and they've been working with us for years and they've done some phenomenal work we're very happy with it and we think this is gonna help advance the state of the art is your knowledge cryptography so let's see here okay kovin I mentioned that in the in the title as well so where are we at with with Kovan where's the world that one of my employees has tested positive for for kovat but that ploy is not in a development role and it is definitely starting to pick up in the United States if you see the death toll in Spain Italy it's usually 500 to a thousand people a day in the United States I think New York with over 400 or something like that today and those numbers are going to continue to mount and unfortunately over the next 2-3 weeks it's basically going to be a September 11th a day in terms of mortality if you add up the entire US and that's going to happen for at least the next four weeks to six weeks the good news is that there are over 100 clinical trials on market at moment and there's very good evidence that those trials will produce some form of treatment that's quite reasonable by the end of April and this is everything from REM des aveer to clinical trials of hydroxychloroquine to other drugs on market some are immunosuppressant some are antiviral drugs are supportive therapies regardless the whole world has awoken and should we find good therapeutics and now that we have a test from Roche that can tell if you have corona virus within 20 or 30 minutes and an antibody test that's 98% accurate that also can tell you if you've had corona virus within an hour by the end of this month I think there's a very strong possibility that we can start tampering down quarantines and developed nations that have taken the time to scale up in particular the United States rains be seen where Europe will be at but the goal probably will end up being trying to get the mortality rate of colon to be in par with influenza so while people will die and people will get infected it seems that governments probably can tolerate an influenza rate of mortality for CFR if we have good therapeutics good tracking and tracing we still follow social distancing people wear masks didn't even have to wear at 95 masks just wearing masks themselves prevents the sick from spreading it to others it's a great whiff collecting these things it doesn't prevent you from getting sick but if you are sick can help you prevent you from spreading it to others especially if you're an asymptomatic carrier I think perhaps May we'll be a better month but there's no lying about it April's going to be very tough for everybody we at IOH care fine financially and we're fine operationally we're not experiencing any disruptions we're not experiencing any slowdowns overall our company's actually operating faster than we've ever operated before because engineers aren't really capable of going and playing so all they can really do is just write code at the moment so the dark reality is that this has not yet destructed us but it certainly has disrupted the world and it's really young had a profound impact some friends of mine had contracted coronavirus some friends have died and I've heard through the extended channels of other people who've lost family members from it and that is only going to continue and likely at least a million people worldwide are probably going to die if not more so this is definitely a tragedy and it's a very sad tragedy and it's one that is going to probably change a lot of things now there's a lot of questions about civil liberties and this is one of the reasons why I'm bringing up kovat you see you can't just have a situation where trillions of dollars are spent and millions of people potentially die and the world just says well that was tragic and moves on it goes back to normal the reality is that we're probably going to have a situation where there's a dramatic attempt to increase government authority and they're also going to be probably some hardening of free travel and borders and there's been a lot of discussion about global identity vaccine and medical passports testing at borders these types of things to prevent another pandemic from forming and also to perhaps push a globalist agenda to make the world a little bit more manageable and we have to be very careful as a global community to resist unnecessary things it's important have prospective pandemics happen the horrible tragedies that's terrible and this many people die but we not too long ago my grandparents and great-grandparents lived in a world that still had polio smallpox measles mumps rubella lived in a world where millions of people died from tuberculosis and it's great that we've been able to get rid of these things but we as a human species have somehow been able to operate despite the fact that we have suffered from Horrible diseases in the past and we have not had to trade our privacy our liberty and our freedom to deal with these pandemics so it would be utterly unreasonable for agendas to be pushed on society that would force us to surrender our privacy our autonomy our medical transparency these types of things for the sake of preventing the world's next pandemic this is a time of great innovation University of Pittsburgh for example recently came out with a microneedle vaccine design the needles are made of sugar it doesn't need to be refrigerated it could be mass manufactured cheaply and it's a very effective way of distributing a vaccine and I don't even believe they contain mercury and so it's a it's a great example of innovation that's occurring and the fact that Roche was able to come up with a coronavirus test and normally take a year to get approval in two weeks that can tell you in 30 minutes if you have it with a high degree of accuracy tells you that we can certainly accomplish a lot when our backs are against the wall but that is not an excuse for a massive expansion of government power and that is not an excuse for a massive expansion of government surveillance this is not necessary we don't need to track every human being in the world and have some central authority no we're all we all are just so that we can socially isolate people it's not worth it it really isn't it brings to the point of why crypto currencies of blockchain technology are so important because ultimately and you can't just criticize an approach and then say hey guys we were we have no other option you have to be able to say yes your approach is wrong but instead of just saying it's wrong here's a different way of doing things so we at io HK are building a digital identity system we at i/o HK are building systems for voting we at Iowa J are building systems to track and trace supply chains all of these things are interconnected to the current crises we have when the US federal government started asking States how many ventilators they needed the first question they would ask is well how many ventilators do you have and so before our states actually didn't have inventory they had never bothered to count or it didn't actually have the processes or capabilities to take proper inventory of personal protective equipment and ventilators and medical supplies like drugs which is an extraordinary statement the most expensive and health care system in the world and the wealthiest country in the world isn't capable even knowing how many ventilators are in a particular state so we need better ways of managing supply chains and negotiating and bartering things for example and right now we're having a problem where states are bidding against each other and in the free market and the federal government for personal protective equipment so if you had larger market places which were intrinsically global and universal then you could put special logic if the actors agreed to ensure that those marketplaces behave in ways that are fair for everybody so I think the technology that we're building definitely can have a very meaningful and significant impact and especially the privacy technology because I do get that there is some social value in times of crisis and emergency tracking and tracing people who potentially could be carriers of a disease or exposed but there are ways to potentially do that and alert people that they may be a carrier without even actually compromising their privacy and this work we do with zero knowledge snarks and these zero knowledge proof and the privacy technology we're developing could potentially add a lot of value in that conversation so after Corona starts fading back and when we have therapeutics it will start fading back you will not see the government fade back most governments are going to start encroaching they're going to start getting a bit more aggressive emergency powers will not be given back as quickly as they need to be and there is also going to be a tremendous financial fallout from all of this US government printed six trillion dollars out of thin air they're probably going to print a few trillion more they're on a land grab right now because money's cheap and while our government may get away with that in the short term other governments are not going to be so lucky and when Italy or others try to start printing money in where and when they can or issuing debt wearing when they can through any means they can whether it be through the European Union or another entity they'll find that the appetite for that debt and the appetite for that debasement is not as significant as ours and so then what ends up happening is that it'll actually create hyperinflation or it'll actually create a bad recession for the economy which is already n so we're gonna see a lot of social change a lot of political change a lot of governmental change we've already seen it for example the government of hungry and based brace emergency total tellurian ism in a very unethical way and unfortunately it looks like China is also going to have a very difficult time dealing with the fallout of this because while they have seemed to have managed to contain Crona or at least they so claim there's still a great degree of suspicion about the origins of the virus and a great degree of suspicion about the initial cover-up that happened and that's not going to just disappear you can't do something and that results in the death of millions of people and trillions and trillions of dollars lost and then expect that you can just say let's forget about it move on people aren't going to let that go there's going to be a lot of investigations a lot of international scrutiny so we could see more trade Wars as a consequence or even a cold war as a consequence so this is going to be a rocky time the next six months to a year if not longer yeah there's no putting this genie back in the bottle to restart the world is going to be a difficult endeavor and what we do that fundamental questions they're going to be asked about well should we keep the old order or should we change it to a new order so I guess the point of this is to just mention to everybody be skeptical and be cautious and also realize that these are the moments when your freedoms either get enhanced or taken away I remember living through September 11th it was a horrible event it was a terrible terrorist attack and a tragedy but the consequence of that was my nation went to war for 19 years now we've spent trillions of dollars we've inadvertently and directly killed millions of people and it's been a very dark time in our history and friends have lost lives and we have hundreds of thousands who have been impacted directly or indirectly as a consequence of nineteen years of war in fact we've had intergenerational war where people who fought in Afghanistan in 2002-2003 their children were now serving in Afghanistan or Iraq which is an extraordinary thing to have multi generations serving the same combat theater for the same conflict so that was the consequence of that event nineteen years still going on apartment of Homeland Security now exists I get molested at airports when I go through security and as many of you do as well I and that was one event one day coronavirus is here and much more significant much bigger impact larger death toll huge economic impact totally global felt by everybody so the response and reaction to it is going to be larger than the response of reaction to September 11th and if September 11th can compel my nation to go to war for two decades change its social liberty structure quadruple the size of our intelligence agencies create completely new departments then can you imagine what the potential global response could be to an event like this it's it's something we have to be cognizant of and careful about and again I believe it is an opportunity politically speaking to propose new ideas and solutions that's why it's imperative we get Shelley out it's imperative we get Gogan out as quickly as we can and it's imperative as you as a community step up make sure your voices are heard and use the technology I build the technology other people build to propose solutions to these problems as they come up if we don't find those solutions for these problems or we don't propose them other people will and those solutions will not be decentralized they will often result in transfer your personal liberties and power from the many to the few and they will never give them back short of a revolution and those don't come very often and they're not pleasant Affairs so kovat does definitely make me sad everything about it makes me sad it was a Black Swan event that was pretty somehow predictable but we treated it a Black Swan yet it nonetheless even though we watching the slow-motion it's gotten to a point where it's really the real deal my dad's a doctor my brother is a doctor they have Kovac patients and there's a good chance at least my dad or my brother may catch it and my dad's in his 60s and so he's the exact type of demographic that has a higher CFR yet they still go to work every single day and they still treat these things every single day and then it's it's tough and I I didn't want it to get here no one did but we are here but we just can't let the fact that we're all going through a tough time justify that we have to throw away all the social progress we've made and the chances we have to be autonomous and live our life's well without fear of a giant bureaucratic government pushing 1984 on us so let's be careful about these things okay well anyway that's all I have to say about the update all I have to say about Korona see if you guys have any good get there yeah the comment right here Johnson & Johnson has a potential vaccine there are actually over 10 good vaccine candidates that exist and Johnson & Johnson is doing something very good CEO is good guy it's that not only are they making a vaccine the US federal government did something very unprecedented basically US government said mass-manufactured with the assumption that it works will buy all the units at cost and then go do your safety and efficacy trials and if they succeed we'll distribute it if they fail we'll just take the inventory and it's no financial risk they don't do that for vaccine manufacturing it's never happened before so the first clinical trial for the Johnson & Johnson vaccine is in September and they're going to try to fast-track it so that the first doses if it's proven safe and effective can be delivered in quarter 1 of 2021 to high-risk populations so those are people over the age of 60 or people of many comorbidities this is a particularly appealing vaccine because the platform that Johnson & Johnson is building it on is pretty tried-and-true and pretty reliable and they've developed an enormous amount of knowledge about how to rapidly do things with that platform rapidly manufacturer with that platform so I'm very optimistic that that will have positive results and be at least somewhat effective you have to be careful with vaccine development because you can inadvertently create a vaccine which does it's an anti vaccine it does the opposite of what you want so instead of giving you immunity it makes you more susceptible to being affected and when you get infected you have any worse infection so it's pretty sad because you're taking a healthy person and you're saying if you now get coronavirus instead of having a mild or moderate case you'll have a moderate or severe case so you really don't want to do that on a scale of millions of people so it's super important that you prove it's safe and then you have an efficacy trial if does it actually work does it provide you an immune response that would give you a high probability of being resistant to the disease so this particular platform Johnson Johnson has probably will not elicit immune response that makes you more susceptible and probably will be effective they've been studying crota viruses for about 17 years if not longer and have developed a lot of in-house knowledge with that particular team so I'm very optimistic about the Johnson to Johnson potential trial hey Charles do you think Ovid is a chemical weapon no it wouldn't be chemical it'd be a biological weapon created by the Chinese so I have seen reports some in China and some from Chinese universities that the particular bat and the particular strain of corona studied did not come from a wet market but rather was in a lab that was three miles away from the wet market where they've been studying crota virus since to 2003 outbreak and they had isolated this particular type of Corona fires there was actually a paper published in February by a Chinese university that felt that the most likely causal agent of this epidemic was not just a random person buying a bat at the wet market and making bets due and having a zoonotic transmission but rather somebody at that lab got infected by accident was perhaps milder asymptomatic and what got lunch at the wet market and spread it that way which would explain the aggressive cover-up and it would explain why the first few months were a little shaky I mean it would also explain or potentially why the death toll is probably a lot higher because during that cover up they didn't really want to admit it the issue here is that there's just not enough evidence to know but that particular bat is not native to that area of China it's a it's about 900 miles away so it'd be very unlikely that it'd be in a wet market natively especially under those conditions but it was heavily studied and collected specifically to study Khurana virus and they were studying other zoonotic transmissions like avian flu swine flus in these types of things so it doesn't have any of the markers that you would expect for a normal bioweapon the big difference between SARS COV one in Sylvie - so SARS cofee one which was from the 2002-2003 epidemic is that carriers generally spread or highly the highest infection when they were sick so you would not be super infective effects just until you're actually showing symptoms whereas SARS Cody - the one that's currently spreading it seems that you're very infectious while you're asymptomatic or mild symptoms so this is one of the reasons why this has become a pandemic and the other variant of SARS did not become a pandemic because of those transmissibility differences we're still trying to get better understanding of what is the primary mode of transmission is it droplets is it people touching surfaces is just someone breathing on you I mean it seems to be super contagious and there's a lot of back-and-forth about what's the most likely way of catching it well washing your hands and just wearing a mask be sufficient doors are we all just going to get it all so the numbers are probably not right there has probably already been millions of people worldwide who have been infected and had mild asymptomatic cases and Prem over the death tolls two to three times higher than what's already been reported and people just mislabeled it as death by interstitial pneumonia or something like that so it's this interesting thing but I don't believe it's a bioweapon it doesn't seem to have any of the markers that an engineered virus would have it does seem to be a natural evolution of a zoonotic transmission but it would be unusual the circumstances of what wuhan of all places would get this this is usually something you see from more of a rural setting that one gradually works its way into a city the fact that there was a lab only a few miles away from the web market that actually studied these things and then China was able to sequence it so quickly it's a very good possibility that that's how the transmission occurred we probably will never know or at least the not for a while I see questions like this hey Charles saw study that HIV strands are attached to coronavirus there's no study or evidence of that that's just made up it wouldn't even make sense there are totally different molecules take biochemistry people the vaccines they develop are going to be equipped with nasty DNA harming substances along with RFID chips for 5g terror tower surveillance again it's just made up I saw some people trying to say that somehow corona virus is being spread or connected to the proliferation of 5g there is no 5g in Iran and they have one of the worst outbreaks the areas of Italy they've been hit have very low penetrance of 5g and they have one of the worst outbreaks the same for Spain it's going to ravage Africa and South America at some point very little if 5g penetrants there I live in Longmont very little 5g around here and we have coral virus cases so this is a classic case of confirmation pious people choose the data they they threw out the data that they don't like as for nasty DNA harming substances and RFID chips I don't understand why people are so hantai vaccine it's a bizarre thing there what where is the global conspiracy guys the entire world is lying to you I have received vaccines dozens of them bio Thrax yellow fever vaccine Ramones measles rubella a hepatitis I I'm running a company I don't have autism I'm feeling pretty good don't have cancer so so what I got off but no one else did my dad's a doctor he recommend to giving it to me he's received them himself so somehow vaccines are bad we live in a world without smallpox or polio that killed hundreds of millions of people and devastated lives vaccines are not bad things they're tools and sometimes they're tools that are used correctly and sometimes they're tools that are not designed as well as they should be and they can cause harm but net-net they have made your lives better in my life better as for this global conspiracy that we're just creating a pandemic for the sake of de populating the world it's just the same old garbage it really is it's conspiratorial garbage guys grow up there is no boogeyman waking up thinking about how do we go kill five billion people and create a new world order to destroy humanity turn off Alex Jones just stop listening to this noise in this garbage it's not real it's not there are definitely conspiracies there are definitely people who violate the public trust or form cabal's to hurt us and a lot of cases their public organizations like OPEC for example then they don't need to hide they just leverage the fact that they're powerful leverage the fact they control something to basically screw us it's the same with the banking cartels they don't need to lie that you don't need to hide themselves we know who these banks are they run the world they have all the money then they always get bailed out first and taken care of first and it's not really high on their agenda to go depopulate the whole world I just don't understand why people believe this stuff and I ask well then provide the evidence where is it give me something that's objective and reasonable and well thought out and that doesn't require me to believe in a gargantuan conspiracy that my own father is lying to me and my brother is lying to me and that all the drug companies in the world are in on this just want to harm people and hurt people and all the scientists who work for them are evil people or mislead people are silenced or something like that you can't keep a secret in this age if you lie if you do something on a global scale eventually the truth will be known there are whistleblowers there are people morally disagree with you there's something called the Internet and people can leak memos they can leak in for me look at how difficult spend for the Trump White House to keep any secrets inside the White House and some reason people seem to think oh no no no there's these grand gigantic conspiracies from chemtrails to 5g and the whole purpose of these things is to do X Y & Z for whoever knows why and which people do they kill this virus seems to discriminate and decides who to kill with their special tags where Bob gets sick but Alice doesn't this was all pre decided by committee come on grow off people and the CIA of course did sell drugs makes sense when the US government started saying you have to track your books they could no longer have a black ops fund so what do they do they created a new black ops fund by doing clandestine operations to capitalize themselves so they could use the proceeds to spend for their normal operations that they wanted to run off the books or through local assets they do that stuff all the time if the whole point of having a shadow army is using your shadow army without people know you're using it and if you demand transparency but at the same time you want them to be effective then they morally compromised himself it's wrong and this is why they shouldn't exist and this is why there should be strong oversight but prom is that you don't reward US presidents for being weak the u.s. people population rewards them for being strong and getting things done and as long as your incentive scheme is built that way yeah they'll do that it's not a conspiracy it's a reality and it's called statecraft and it's by far not the worst thing as intelligence agencies ever done why are we outsourcing to Hydra implementation so we will manage the prototype buildings a meaning that I which Cape product manager and lead Technical Architect will be behind the prototype of Hydra and basically we will engineer the base layer to make Hydra pluggable so we'll know how to click it in will generally understand all the problem domains and probably even have a working prototype but it is important that we have a bit of competition because Hydra is a specification just like bolt spec for lightning or the Leger spec we wrote for Cardinal and that means you can have competing implementations run against each other with specific capabilities and features but they can talk to each other because it's a specifications I think it's super important that we begin diversifying our ecosystems that means some of our commercially critical infrastructure should be built by third parties and it not just Hydra but other things so that you guys have a menu of providers and options when Voltaire's turned on and those providers and options you can have debates about who would be the best party to do that now obviously we would like to stick with Hydra and keep rolling it out but in terms of priorities it really is not a significant one because at the end of the day Hydra presupposes you have an enormous demand on the ledger and frankly smart contracts the centralization governance these things are far more significant because we don't have no cryptocurrency has enough demand to justify a protocol like Hydra so it makes sense that given that we won't need it for two or three years to de-risk it using a trusted third party and allow some diversity development ecosystem to form up and then allow people to talk about it and competing implementations to be built so when we get around to actually pulling it into the system it'll be just in time and Cardinal will fully support and it can't really be ported to other systems unless they make dramatic changes with the way that they operate so this is a unique Cardinal technology and aetherium can't use that it tastes those can't use it ripple can't use it we get to use it and it'll it'll be there when we need it but we don't need it today but it's good to know that it exists and basically it provides a beautiful future for us as we become a global scale system so we don't have to worry about what aetherium is worrying about which is how do they deploy f2 and make all these massive dramatic changes we don't have to go through that we're basically good from day one by my ADA in February of 2020 well thank you for joining when will it be possible for me to join the test net or when does the test net go to the real net you cannot join the test net the snapshot was done November 29th and we will not do another snapshot because Shelly is coming soon we'll make an announcement soon maybe this month or next month it just depends on where we're at and apart as the person who makes those announcements so do watch our product crowd casts and we hope to have a very large audience about when Chile is coming but a lot of stuff is coming for Shelly very soon and as I mentioned there are three milestones one is the Shelly Haskell test net and then that first version is a note version for getting state co-operators rolled over and getting their infrastructure rolled over so what we'll do is we'll take a small clique of of the largest state poll and the most productive state poll operators and do kind of an internal private demo for them just so that you get a better understanding of what this is going to look like can give us some final suggestions about how we could clean up some of the integration rough points and then we'll open it up for the public for all state pool operators give them a little bit of time to get used to it and all the support that they need and because we train that initial batch what they can do is help the second batch so we get additional services and additional advocates to help people make content like videos and other things on how to configure and then once we're pretty comfortable there the wallet back and will be fully integrated and then we can actually launch a balance check test net which means will we allow you to restore your main net wallet on the shelly test then with your rewards from the ITM and you'll be able for first time ever to merge those two together and you'll see your balance plus your rewards and verify that the rewards are accurate we'll let that percolate for just a little bit and make sure there's no issues and balances are right because it's our only opportunity to correct it if there's an issue and then we'll launch the Shelly main net and then we'll be stage launch just the byron reboot is a staged lunch so it'll take a few weeks to fully percolate through but we'll announce how that's all going to work but unfortunately came in a little too late to participate that said stick around because things are moving really quickly be very very ready because it's gonna be it's gonna be an interesting year hi Charles I was wondering if I which guys ever considered making their own cold storage wallet product we are going to make a hardware chip for a trusted hardware but that's what we're doing with the University of Wyoming but honestly let your treasure these other guys they've been doing it really well and they have great teams of people particularly Leger I really loved working with them and as a consequence it's not a market that I really would love to get into unless we could add something very significant to it and at the moment we just don't have a roadmap or game plan where we could add something very significant to that market so that's a case where I think it makes a lot more sense to partner with people especially given that the people out there are doing a really good job when will we stop receiving from reward from the ITN when the ITN shuts down so more likely than not will shut the ITN down right when we launched the balance check Shelly Haskell tests that because the timeframe from the balance check Shelly Haskell test net to the main net it's not going to be very significant and really the point there is to make sure that your balances are correct so if you keep adding after we do that it would make it a little difficult so those will be coincided but when that happens it's going to take a little bit of time to let that we're still digesting the Biran reboot do you pet your goats for stress release yes I put all my animals for stress rate stress relief are you a Jimmy Buffett fan wasting away at Margaritaville my mother was she grew up in Florida will there be more resources for developing on Pluto's beyond the playground yes we will make an announcement soon about a Plutus development experience and you want to get that out as quickly as we can so people can start writing Plutus applications and anticipation Goggan you give people a little bit of time Charles you should get bees on your farm Apple culture is what that's called and yes I am definitely planning on doing that along with aquaculture factum a hydroponics book somewhere around here I'll show you guys later I took it the other room Tears for Fears or massive attack a massive attack come on teardrop how easy is it going to be to stake a de as easy as it is on the incentivize test that if you've used that then you can definitely get a sense of the experience do you sanitize your animals before letting others pet them no their animals their farm animals we farmers have had to deal a lot of diseases normal people don't for example anthrax used to be called wool sorters disease because it actually was most commonly transmitted from the wool of sheep so think about that Jarrell's can we get more tomorrow on camera we always try to get her to do more camera work she's doing a phenomenal job at the Cardinal foundation and also as my chief of staff at IO HK and as her roles and responsibilities tend to increase I think you'll probably see a lot more of her but she's a great communicator and also tremendously talented at solving complicated problems generally where she tends to work best is when there's some terribly fallen apart product or project and we send her in to kind of put all the pieces back together and figure out how to get it unstuck and get the right resources assigned and the right strategy behind it that's really an art there's not many people I've worked with who do that as well as she's done it and I really do enjoy working with her on those things and the lady from the update you're talking about is a part of Jew and Aparna is the senior product manager for Cardinal and she's really done a phenomenal job last four months getting our product design philosophy unified and getting all the product managers to work as one team it's very hard to do that and she found a way to do that and I love working with her as well I have a lot of respect for Aparna Charles I'm getting a painting made for you by a Boulder Colorado artist well thank you thank you Brett when this quarantine ends ik and put in the office do you have any alpacas on the ranch alpacas are coming this year favorite Simpsons episode huh that's a that's an interesting one I'll have to give that a thought there was the golden era when Conan O'Brien wrote for The Simpsons I think that was like season three or four all the way up to season nine and there were just so many amazing episodes in that in that time period Simpsons that is just terrible we're getting a ps5 or an Xbox X I'm an Xbox fan and I think Microsoft has perfected the Xbox it's really crazy did you get mad cow down there 20 years ago well if I had it I'd look I had Alzheimer's prions are terrible things spend you form encephalopathy yeah it's really nasty stuff there's even a prime you get from humans it's called kuru syndrome the four people in Papua New Guinea get it because they're cannibals South Park yes South Park just what do you think they're out they went all crazy with mr. garrison being Trump and the member berries and so forth a show starting to die then they come back and they have like Randy killing Winnie the Pooh I'm doing it myself oh my god South Park is back those guys are pretty crazy I have a lot of respect for their creativity they find a way to be vulgar yet elegant and I've just never witnessed a show that can do that never do any drip irrigation for sand gardening on your phone on your farm yeah I do grow hay and I'll probably grow some alfalfa and I'm actually doing a rather substantial irrigation upgrade and I'm getting some sprinklers put in I'll take some pictures once I have it kind of roll around they're pretty cool things they're not super expensive but they certainly aren't cheap and hopefully I can continue getting two to three cuts of hay per year did Carol bass can feed her husband two tigers or not I don't know I just somebody when I was talking to me today about this is some reality thing around documentary where there's some tiger guy Joe exotic I think it is like like his extended network of exotic animal dealers and everybody's way trash or something I don't know I haven't watched it I'm not familiar with the story I'm not gonna heart which rarely speculate on whether someone fed their husband to Tigers or not I do know the case where someone was fed to Tigers but that happened in the Philippines about ten years ago and those were bad people so I don't speculate on these things chromed corn for chickens now in Elkhorn sorry rancher or farmer at the moment a farmer all the animals I have I don't eat or sell for people to eat and we don't produce agricultural products from them farmer I have hay and for the past two years my family has been involved though in farming and ranching for over 70 years off and on my grandfather grew up Big Timber Montana and Great Falls and he had a large ranch in Mile City and then moved back to big timber and he was a doctor and a farmer and a rancher everything from cattle a sheep and my dad lives up Wyoming and so he's a doctor but he's starting to collect some animals most recently he's gotten an antelope this is a long story behind that one but it runs in our blood we have farmers and ranchers in the family and I there was no way I could get away with not doing that at least part time and I love it it's a lot of fun it's a good way to relieve stress charles d watch west world yes but i have not seen any of season three i'm holding off until the whole season is done and then all metal binge watching on the plane Charles if italic and Dan Larimer were both hanging off a cliff and you could save only one of them who would you save Vitalik who is your favorite mathematician that's a hard one I really like david hilbert although Emil Artin is also an amazing mathematician and growth antique he'll give you one of them any solar yes putting in solar this year are you still kind of base-jump wingsuit the grand tetons that was never planned come on you I read an article about Charles today a year ago from coin Jazeera lol yeah that's a parity site guys it's the onion it's a parody it's not not without real life don't believe everything you read on the internet especially things that are meant to be parodies what's the best muscle car Mustangs those are great muscle cars I although there are some good muscle cars from Dodge as well is that the charger I'm an Italian car guy for sports cars Charles what's behind the doors behind you it's just the cube you'll never know just white light yeah Bill Withers died I heard about that ain't no sunshine where she's gone wonderful artists and I'm real sad he was 81 years old the Camaro that said the Chevy Camaro yeah Camaro is a good car Lambo tractor of John Deere I own a John Deere 1980s John Deere Charles you making a Los Angeles is here will there be a Los Angeles left Mustangs second no come on guys the Shelby 600 horsepower 60 K it's not bad favorite whiskey Hibiki are you taking vitamin C to strengthen your immune system yes that's a fun question Charles can you please elaborate on the Daedalus why all that well why does it take 24 hours to download so that's a very good question to ask so you may have seen syncing times ranging from five-hour all the way up to about nine hours 10 hours for the new Daedalus flight so three things one most people recognize flight is considerably faster than the original devil is to most people who download use flight are capable of using flight are are having a better overall experience than other users and three it's important to understand that this thinking of the blockchain is not just a networked process okay it's not just about retreating a block when you get a block you have to do something with a block so there's a CPU memory and disk operation in addition to a network operation so all four of these factors weigh in to how long it takes to sink so you can have a gigabit fiber optic low latency synchronous line gigabit up getting a bit down the fastest you can buy and you can connect that to a really shitty old laptop and you're going to see a very long sync time because while the blocks can come to you you can't process them as fast as you need to you can have a very powerful computer a core i9 and with 64 gigabytes of RAM and an nvme solid-state hard drive and just be running as fast as composite all and you could be on a dsl one point five megabits a second internet connection okay so you're not going to really get the blockchain fast and there's a whole spectrum of configuration that exists in then you can further subdivide it into Windows Linux and Mac most of our developers come from the open-source community and our Haskell guys which means they live in the Linux in the Mac world which means that on Windows it tends to be their secondary development platform I have made a lot of effort last six months to try to force them to be more Windows centric unfortunately Haskell does have some issues with Windows and actually over two years we've spent trying to improve that and we've made contributions directly through Haskell from GHC to other things to try to improve it to a point where we can deploy Windows applications comfortably with the same quality and performance window as we do with Linux and Mac so anyway it's a struggle but that has been mostly ameliorated now if you are experiencing very long sink times it's going to most likely be any one of those four factors or a combination of them the CPU the memory the disk and your network for example you have very powerful so if you lots of memory but if you have an old crappy magnetic hard drive that's quite slow you're gonna have a little bit of a slope sinking time there and your network can also have a lot to do with it now we have found some avenues to increase syncing time to decrease syncing time excuse me to increase performance and optimize especially on Windows because we notice that Linux is really fast because that's what we've tested the most on because that's what we develop natively on but it's still a process and over time things will get faster but it is gigabytes of data and gigabytes of structured data that needs to be validated so even if you get it quickly it does take a little bit time processing and syncing times from zero just to finish under an hour we are probably a good target but getting it to like ten minutes or five minutes is just not feasible because you're downloading gigabytes of validate Abul data but I only have to be done once and then you use the product afterwards but that's the point of a full note and if you don't want that user experience that you don't want to run a full note then download your ROI which is a light client you can use it almost immediately and your ROI does have staking no Daedalus is not needed intensive for space you only need a few gigabytes of storage so any normal laptop or computer can service the full node in fact you gave and run Daedalus a full node on a Raspberry Pi and people have done that how many milligrams of vitamin C do you take 1000 when coining Sigyn sorry now I'm a Lamborghini fanned out a Koenigsegg fan when's your next blog post on thoughts from Charles good to see it Justin Fujimoto I don't know I was going to do something on international Woman's Day but I didn't get around to it does I have HK leverage property based testing or directive fuzzing in the development of validation process yes we extensively use quick check in fact we've written blog posts about how we use quick check and we're actually writing one right now about some exotic books we found on the consensus side fuzzing not as much huh once covetous Alta please come to the racetrack to Las Vegas to drive the Lamborghini performin thing or the Aventador s well guys I have a Huracan why would I want to go to a track to drive another Lamborghini well I can just go over there well updates the Haskell tests that take long periods of time once it's out know the rust test net was updated weekly and the Haskell test nut will be updated with a similar cadence hey Charles chill no Bernie Sanders dementia or communism neither neither a white Lamborghini femme because there are amazing cars that are well-built and sound incredible and her fun to drive that's why people say when Lambo does your win wim HOF trips still on no it had to be canceled I can't go anywhere can't even fly to Japan right now Travel has been bad so next year will there be an NFL season this year couldn't care less heard Tom Brady left the Patriots playing for Tampa Bay just don't care they burned their bridges with me I don't the NFL anymore used to love it watched it every weekend with my dad it's a great experience but now who cares a soul yes do i watch the NBA yeah it was a huge Denver Nuggets family George Karl was there Lauren can you please say something about the status of the project in Ethiopia last update I got it and we're just going through the feasibility study right now unfortunately Ethiopia like every other countries right now suffering from chrono virus experience and they're doing things like suspending their elections and infrastructure is being shut down so it's the last thing on anybody's mind about running pilots the challenge is a lot of the pilots that we were doing involved things that had high population density and people doing through close quarters together so that's I'm not gonna work so well right now so we're still don't the feasibility I should get that report sometime this month I'll talk to John O'Connor about it Bruce Willis Arnold Schwarzenegger Schwarzenegger he has a mini donkey just like me come on now oh the Willis did do Demi Moore have you been to the ivory coast yes even been to Sierra Leone come for the war in chaos stay for the Ebola build Freetown rob coen seems very bright he's very very bright brilliant kid very humble to McClaren's are the worst cars ever built yeah so I have a Lambo Tesla truck I heard they were he designed the cyber truck so it's no longer Mad Max it looks more conventional what card auto-launch will tear this year yes I do not speak Japanese yeah I heard that by Nance just bought coin market cap that's pretty cool here for giraffe yeah I actually do own a giraffe since South Africa it was a gift from the president of South Africa Treasury system going quite well Charles can you help me educate my neighborhood on cardiology how many powerpoints we will have handouts and materials come June so those are on the those are on the way and foundations doing a good job with that in fact that's something McCann it's directly participating on cyber Trek redesign was an April Fool's joke I hope so I really do I just saw it and I was hoping it was a joke or something and by the way refer to chico as chico it's molten tar monster number three you have to get the right i'll respond to that but not chico and the update on the ginger hippos yeah we're waiting on that that's another thing that got shut down I was actually planning on going and finalizing the acquisition when I went to Uganda for the Africa trip which was scheduled for March and I didn't go to Africa and March I was going to go to South Africa Uganda Rwanda Tanzania Ethiopia and if we had time Kenya and didn't happen thanks to corona that's take place in Japan there's a really good place in numba in Osaka that I just love absolutely love a Tokyo has got a lot of good steak houses as well in fact there's a steak house in Tokyo where the manager is a fan of Cardno and we even head for the one-year anniversary our afterparty there was a risk Chris Steakhouse uses such a nice guy can you talk more on her go Urgo is a project that alex chirpin we created on the back end of score x i and he's put all his cool ideas into it like not all sorts of puzzles and sigma protocols and it's a great product and i really really like her go and i think it's pretty cool Charles have you multiplied chickens are you still with ten I am still with ten and they keep trying to get themselves killed cuz they're chickens and they're very good at trying to get themselves killed see like Yamazaki Yamazaki is good whisky hubby he's my favorite but Yamazaki is quite good too Harmonie are you or whoever is going to write a smart contract on your Twitter for that $50 bet yeah now that was great I I saw somebody suggest that I should collect the money because Shelley's obviously shipping guys very soon it's not that far out it's the ITN is a great example of how close we are to it the Byram reboots the foundation is being built on and that's the 80% of the codebase and every two weeks we update towards Shelley so it's like come on guys it's coming out I understand there were delays but it's not that far out so he's gonna owe me 50 bucks and I just really would love to collect that with a smart contract on card on Oh as just to prove a point but of course he won't pay me because Twitter people don't I still understand why you can't get a fixed date just because of how things have been put together the reality is we built a lot of things as pieces and the pieces have to be integrated together and those integrations if they go really well go very quickly and if they don't go well then they end up getting mired and debugging and cleaning performance profiling and patching memory leaks and that could end up becoming weeks there's also potential flaws that get uncovered along the way or emerging issues that get uncovered so it's sometimes very difficult to predict how long integrations take and how long pieces take although we do actually have internal roadmaps and this year we've been tracking them with a great degree of accuracy we anticipated the pirate reboot coming up sometime in March the second half of March and it hit end of March so we were pretty pretty on with that and we actually have a good date range for Shelley but I'm not going to announce anything or allow anything to be announced until we have the Haskel Shelley test that at least for the note guys for the state pools out because at that point then what we see in reality is matching what we thought internally and so then we can have a lot of confidence in these days I I would have been a little looser had we not had our track record of dates slipping and now we want to be really really careful about these things but overall we're our backlog is known the work units are known yeah but things come up to like coronavirus is starting to spread one of our employees already has it a non-critical one in terms of development but still it's it's an example of how things could get slowed down potentially now there are no indications of that and in fact it's the opposite we're seeing things speeding up but in an abundance of caution until we have absolute certainty that that thing is not going to slip we're not going to announce anything and I think that's reasonable [Music] Tupac or biggie Tupac why is your Pink Floyd picture relegated to the floor because I haven't bothered to move it to the office I have the Waterhouse painting there that's the Gustav Klimt and I don't have any room in the office to put the Pink Floyd painting anymore if you saw Chico on the streets would there be real beef punches thrown why molten tar monster number three he's nothing nothing is it nobody he he's the guy that'll eventually be schizophrenic masturbating next to a taco stand his forties and arrested so that he doesn't have to spend a night in the streets and he gets a warm place to sleep in some health care he's in nobody they have their moments their time and they're following and his people don't love him Kai's not in my league Earth's women fire yes very good disco bad a lot of fun with them although I was the BG's fan more than Earth Wind & Fire why is daily volume of cardano's significantly lower than the competing blog chains such as AOS I think a lot of our volume is real volume because it's treated on real exchanges I'm a bit skeptical about these chains that have 500 million or a billion dollars of turnover so when I talked to professional traders I don't really see that kind of turnover realistically speaking 50 to 100 million is reasonable for a market cap 1 billion coin historically but then somewhere along the way the trading volumes got very inflated and we saw a high degree of turnover now there are some exceptions like tether does make sense this is the entry and exit point for Fiat free exchanges but I think our volume is reasonable for the exchanges we are on when we get on larger exchanges the exchange that shall not be named which will come at some point I think we will see probably a 2 to 3 x increase in volume and and that'll just come organically naturally but I'm pretty comfortable with the volume that's there and the order book is pretty reasonable given our market capitalization we actually just hired a quantitative analyst at i/o HK financial mathematician and we are starting to model these things we hired him to work on the stable point project that we're looking at but we also tend to look at market structure and stability both on the micro and macro sense and also try to predict how events are going to impact the market for portfolio optimization how many acres you ranch 50 not too big not too small just the right size good to go coyote hunting Charles I see you guys are doing a lot of hiring we are everybody else is firing people we're hiring people must be assigned Charles please whence taking on ledger Colts ticking is what is that called Colts taking will be in the Shelly time frame so if not immediately when Shelly launches shortly thereafter I think the ledger immigration contracted about 12 weeks so it takes at least three months for that to get done and we started in March so it'll it'll happen soon why was aetherium named etherium because of world of warcraft no joke something from vitalik is something in the game do you enjoy fishing yes I used to love deep-sea fishings catching a swordfish with a lot of fun although I'm catfish or my favorite fish to catch I love fishing I haven't had a chance to do it recently one of these days I get a lake or a pond or something dam EPA dam vulgar County dump boom its percentage of our wife or Colts taking the Colts taking revenue will be the exact same as regular staking it's just a different mechanism to do that engineer prepper have you ever eaten lionfish hi Charles thanks for having me can you please discuss the issues surrounding the massive state pools developing an alliance potentially reducing the decentralisation potential for the nation for the network guys I saw that story which that that coalition is like forming to exclude people first off it was hype and a very unfortunate article you have to own a lot of ADA to control the network we designed the system that way with the K parameter so if a cartel of large holders get together they certainly can do stuff but they can't censor the system they can just merely slow things down if desired there are no coalition's at the moment that are disrupting the operations of the ITN that's just the anybody who's saying otherwise is not being intellectually honest in fact it's very positive to see what type of social structures people form and then of course we can build mitigations where and when they make sense but at the moment we're not being attacked by a cartel or anything like that I don't understand why that article is written it was quite unfortunate stop by to say hello I'd shoot you no one comes to my house catch tuna off the coast of Maine there's not much tuna left it's going extinct Charles why is there kryptos with small circulating supplies and others so big what is better and why it's called a decimal point doesn't really matter so it was a large supply small supply just where you put the decimal point actually has no bearing on anything well I did Bernardo Damon left but Arno David graduated in terms of proof of stake he was the sharpest there's some bright people at Iowa K he graduated he got his PhD and then he got a professorship so what happens Bernardo work for us as a graduate student then he got a postdoc at our lab that took you Institute of Technology and then after he finished his postdoc he actually got a tenure track professor ship position I believe in University of Copenhagen and this is what happens when you're in the academic world especially when you hire academic employees unless they're an industrial researcher and they work for you full time if they want to stay in academia eventually they take a professorship if they can get one and he did and he's doing some good work over there and he's writing great papers I really enjoyed working with Bernardo I thought he was a great kid and it was so satisfying to watch him grow from a graduate student to a postdoc to actually go a tenure track it makes me feel a little old and I think the white is coming in the beard and everything to watch the kids grow up but for his time here and I wish Kate did some great things the original reports protocol the Kaleidoscope and royale protocols and we did a lot of good npc research we replaced him with a researcher named Sandro and he's also an MPC expert and Sandra's been doing some phenomenal work as well for us and right now working on stuff like Hydra and spikes but eventually we'll get back to the MVC stuff and Ben Ching Zhang is also our other MPC guy come around you were a Craig right brought your verb Rogers a friend I love Roger Craig is a monster I don't like him at all and he don't like me but he doesn't like anybody shotgun a rifle or handgun handgun Charles well any stos be issued on Cardinal actually there are some that are already proposing we have our multi-asset standard I believe that Cardinal will be the best product in the world for issuing security tokens we'll have an identity standard we'll have dsl that allow you to very clearly model how your assets are going to move it will be the best platform to issue currencies on tokens on and we can of course where ID illegal DSL if there's an appetite for it but I do feel that cargo is uniquely suited from a performance perspective a regulatory perspective to be the preferred platform for security tokens above and beyond anything I see with polymesh your polymath or any other security token platform we built Cardinals specifically to be useful for both regulated and unregulated products and there's a lot of thought that went into the things that you need to build a stable incredible platform that people would and we've actually had discussions with developing countries about giving them stock markets and giving them a way of creating I see I POS for SMEs via an sto so so I really firmly believe Cardinal is going to be a great platform for that it's going to drive a lot of adoption and value for Cardinal if I start translating your material promoting I which can't portugal with a constant problem I don't see why not go be surrogate become a card on Owen Bassett more merrier we love to have you in Portuguese great language over gato Maya stone bays and Negative Nancy I know Tom very well he's a good guy we talk all the time usually events not as much lately because we're both locked down but he's always been very friendly in person to me he just has a way about if that makes him a unique guy and that's his brand and he makes money off of that that's okay but we do get along you can disagree without with people without being disagreeable and tone and I have that kind of relationship we disagree but we're not disagreeable nine millimeter of 45 ACP I have both F and tactical FN 45 hi Charles Dee drink coffee ton of coffee every day all day long mathematician mathematicians turn coffee into proofs it's what Pollard's said like your Walther more than a Glock I have a Glock 23 as well that's a good gun lock 17 is nice too especially when you put a red dot sight on it has any chance that cardinal could be used as a voting system yes karna no can definitely be used as a voting system fact when Voltaire comes it's going to be the best you've ever seen amazingly great insanely great and anybody tells you otherwise fake news can coffee cause high blood pressure probably but that's a temporary thing right and then after the caffeine goes down it goes down who cares people get so worried about these things oh god you can't have the company it'll kill you bulletproof got the way yeah homemade you take Kerrygold unsalted butter cut it yeah you put some MCT oil with it put those two things together with the coffee and a blender blend it for 50 seconds and porton you get your bulletproof coffee it's right there it's amazing love your heart cares in 20 years if you have chronic high blood pressure of course who cares we have spikes of blood pressure that's natural come on and it doesn't necessarily cause afro sclerosis well golden eagle damn well if you're in med school that people have all kinds of spikes and vitals from blood pressure to heart rate other such things even body temperature just a thing of what's going on diet environment etc etc and I think people focus too much on things like is coffee or salt or other things good or bad when much more thumb digital things for example exercise could make dramatic differences in people's long-term health as vittala gonna beg for you back no now we're doing our own things that marriage will never be we're never going back like when McCartney and Janet Lennon split up never never getting back together ever ever ever ever are there any delays no delays where I should do well life is good Charles can you the novelist the proto promote kirtan I grew up with Andreas Antonopoulos the Bitcoin education project and all these other things he's a good guy and he's a very passionate guy and he's very principled guy I would the next Andreas Antonopoulos to promote Cardenal not address but the next one the the guy you don't know yet and that can be you it can be anybody the point here is it about bringing famous well-known people convincing them becoming to our system the point here is to create new famous well-known people just like Bitcoin created me and address I'd like to see the next generation come out of our our stuff yeah that's true exercise I was going to say you spotted lol have a good night must go study now got a final go legal where were you at your medical school curriculum where you have allopath or osteopathic education are you in your clinical years are you in your basic science two years look have you taken the USMLE yeah Charles should I still Brett if it's to feed my family no Javert never I will hunt you for 20 years what's going on his greatest feature over aetherium long term the extended eat ESL model in flutist bar none significantly better smart contract model it's gonna make these guys look a pile of so so I would highly recommend when we create the content on that to really look into it's a big deal extended UTX a much much better way of doing smart contracts does the Institute and hinder free-thinking always and that's the point Green New Deal new way all we'd have to do to solve this whole damn global warming crisis guy we we have carbon air capture and we have the capacity at a very low cost to gradually move our entire backbone to nuclear and alternative energy so if you just put heavy subsidies and they don't even have to be big like 25 to 50 billion per year into energy storage we do a one-time rebuilding of our transmission and they also do a broadband so I'm broadband over power line play with it so we can get a much better transmission medium so we can move power around much more efficiently and we put large subsidies into wind and solar and then we build a nuclear backbone with fourth generation nuclear power within 25 years 100 percent of all energy generated in the United States and frankly to just replicate this in any nation would be alternative energy or non carbon producing and then a carbon air capture you just create quotas for it and over time that technology gets really good you can take carbon right out of the air you can sequester writter turn into biofuels or oil whatever the hell you want to do or plastics you can do whatever you want to deal with it okay but you can suck carbon out so you can gradually reduce the carbon and then it for the energy of transportation that get graphene batteries out there here I have one so within 10 to 20 years graphene will be viable for a battery technology and then it's game over for ice because you have batteries that go 1,200 1,300 miles without a charging and they charge really quickly the charge in two or three hours so why would you want a car that only goes 300 miles and it's much more expensive to fill so it's simple to solve this problem if you have the right incentives the right thought process and the right people behind it in terms of energy storage for large grid scale I really like gravity storage they have this company called gravis the city where they they drill these mine shafts and they basically put these big weights and you pull them up and they store energy so and then when they fall they generate energy and so super simple systems do you don't have to overthink these things but solar wind are definitely where they need to be manufacturing costs are definitely where they need to be in fourth-generation nuclear power sniffing where needs especially since you can recycle the fuel and process it so you don't have nuclear waste without proliferation concerns so the people who write these things the green you deal they're communists and what they want to do is basically turn the entire country into a communist country don't listen to them they're very bad people and in geothermal for your houses HVAC putting it in geothermal is great fusion or fission I like laser fusion but we're not there yet if is cool fission is where it's at traveling-wave reactors pebble bed reactors thorium reactors are all very reliable and very good geothermal is dangerous until it isn't you have something called the geothermal gradient you can use it for HVAC you don't have to harvest anything you just dig believe a little frost line come on guys don't come on things you don't understand how do you feel about Philippe's tank he wasn't impressed behind the scenes of the ITN well he was quoted out of context and this is just a great example of what happens when molten power monsters manipulate you selection bias to do things both Phillip and Rick are big advocates of the ITN participate in the ITN and have said that they've seen enormous progress and they've really appreciated what they've seen from both the community and from ihk over the last three months it had a rocky rough start and in just three months time we built basically a full cryptocurrency that people really love using and there's a great community behind it so no that's not his opinion and anybody who says it is is just taking one quote out of context for the purpose of maligning the project and this is just what people do they just want one little clip of something set a great example be a video I made in Greece at the Bitcoin summer school back in 2016 so at that time our NGO still had a commercial focus where they were probably going to go to market with games so I said in a two minute video that Cardno has games or it's going to have games because that was the original commercial focus so this group of people running around saying card a gambling platform that's how we sold it that's its holy purpose and that's the only thing we were thinking about took a two-minute clip we revised five seconds of that two-minute clip I mentioned that because one of our commercial partners was going to go to you that now I said that at an academic conference where we were talking about proof of stake and talking about peer-reviewed white papers it's it's just like people love taking one thing out of context and said it's a favorite political thing but anyway is what it is socialists not go no no no no no a OSI is a communist and in Bernie's a communist they love it they want all the factors of production to be controlled by the government and if they were given the power there would be gulags make no mistake you can put a little rose-colored glasses on anytime you want but they say everything should be free education health care oh well if the industry don't want to cooperate take them over nationalize them nationalizes nationalize that social justice identity justice I don't hear it's malarkey just malarkey you Charles how do you feel about the government going after Maduro and offering 15 million from him it's called Noriega get through this before the news whele has been a geopolitical foe in the United States for a long time since we'll go chavez he nationalized industries that was a grant idea one that destroyed their entire economy alienated their nation from the from the world community and basically there's now an arco government where this guy is keeping in power in part by doing illicit activities and like most of these corrupt bastards in South America do it's a bad situation all around and as always America can't resist we get itself involved in bad situations so I wouldn't be surprised to see if regime change happens and three to five-year time horizon if not shorter in fact these recent activities in the Caribbean and in Central America are directly connected to the Maduro regime and they may actually result in further sanctions and there's not only a fifteen million dollar reward there's actually a hit out on so I wouldn't be surprised to see Maduro go away soon he'd be replaced that's just the way it is and no I'm not for biting the guy's got dementia guys he has dementia there's no doubt in my mind about it he's fading Kent card faster in the future yes it's as fast as it needs to be should we start building thorium reactors yes I never understood yeah with the whole Democratic primaries why didn't they nominate Tulsi Gabbard I just never understood that someone like her she checked every box and would probably win the election hands down very easily instead they said she was an acid of Assad okay a war veteran fun okay Iraq is is working for a foreign government and a Russian and all of her support came from Russian trolls this is the the sadness of the left they seem to eat to each other and cannibalize each other and they claim they believe in things and they aspire to things and then they regressed back to these just pettiness and so it lacks any semblance of productivity or progress and it's just curious to me that whole process is curious to me and at the end of the day they picked the worst possible candidate they could have picked Biden who maybe 10 years ago was viable but is not viable today be the oldest person ever nominated on the left and coming into office he's not prepared for it many more so he's going to be a puppet for basically whichever interests represent the party and they didn't have to do that it was not something that was on the table but they decided to do it nonetheless don't know why but they did it that way it's just craziness absolutely crazy and the alternative is a 78 year old communists it's a mess these have consequences these decisions and they just don't seem to care well bread my grandfather died of Alzheimer's my grandmother died of dementia my other grandmother who just died had Lewy body disease I'm a bit of an expert on dementia as well and I watched them fade and Biden is exhibiting the exact same patterns that my grandfather did when he enter the early stages of Alzheimer's the way it communicates the confusion especially during certain time periods it's exactly moment by moment what my grandfather's gone through takes years for these things to fully materialized and there's ways you can hide it but it's very clear seeing Biden from when he was vice president that when he was a senator running in 2008 to today he's a different person today than he was 12 years ago I guarantee there's something not right there they can't have the guy speak for more than 5-10 minutes this is a guy that used to be able to speak for three and a half hours straight and a long train of thought without making a gaffe and now he can't speak for five or ten minutes there's something seriously wrong there yeah it is horrible to watch UVI is an interesting concept yang gang keeps pushing it Norway is a country where you VI would work why because Norway make good decisions what they did is they proactively saved and set aside trillions of dollars of money and put themselves in a position where the nation has surplus wealth that is just sitting there and I think it's something a hundred or two hundred thousand dollars per citizen I'd have to look it up but it's quite a substantial amount of money so you could look at UVI in a Norwegian sense and say we're going to do a dividend or a distribution from wealth of society to our people as a reward for good fiscal policy so it creates an incentive for the government not to have debt and to have sound money into behave well when ubi is done when you're massively in debt then the only way you pay for ubi is either a redistribution and that never works because the rich people are super good at hiding their money or leaving or you pay through UVI through inflation so if you're printing the money to give the money to them then while they get more nominal money in their bank account the real value is not there because their purchasing power goes down and the rich people benefit from it they've always can deal with inflation before the poor people can and the poor people pay it back in higher gas rent and food cost so yes you've given them something but there's no net value the thing that you've given I mean factually debase the currency so so I sincerely doubt the EBI could be effective in the United States the way it could be effective a country like Norway if you're redistributing an existing pool of capital without defacing the currency I think it's probably much more prudent to do staged intervention in particular getting infrastructure where it needs to go and getting people into vocational training in particulars is very powerful for climbing wealth not college for vocational training is a worthless in terms of increasing people's earnings even if they graduate and then graduation rates aren't what they need to be there's less and less statistical significance and the amount of earnings from a person graduate that there used to be ten or fifteen years ago relative to the costs of getting them through the program and it's not viable to say that we'll just nationalize the cost because that $250,000 to last paid from somewhere and again what these people do is they just say well redistribution and again that doesn't work so it's going to be inflation that ends up paying for debt that ends up paying for it and then you're just kicking that bigoted cost down the road and the poor people almost always get hurt first they're the first to be laid off they're the ones who feel inflation the hardest and they're the ones most sensitive to wage changes where the wealthy have ways of hedging so I I don't think UB Iwerks in this particular sense you VIP a value-added tax has minimal effect on inflation yeah it's a good point it could there are ways of implementing ubi which wouldn't potentially have a huge issue but you have to be careful about things like sales taxes because again those hurt the poor much more than they hurt the wealthy I'm not 34 I'm 32 well capitalism is not necessarily incompatible with UVI that's another misconception so ubi is saying we're going to give a distribution to the entire population and then you can look at it from a perspective of well you guys are shareholders in the public trust so imagine if America was a corporation we own shares in it we do a distribution you get a dividend okay so if America is doing well and we have great fiscal policy and monetary policy and we take in more than we spend then you could redistribute that and through a dividend right if you have some surplus resources why bring up the Norwegian model because exactly what they did they they set aside something they grew a huge sovereign wealth fund and now they have all his money and they could conceivably start paying that money to their citizens as a dividend so that's not incompatible with capitalism that's just compatible with good fiscal and monetary policy where it becomes problematic for capitalism is when you have to nationalize the factors of production or interfere with the markets to do a distribution like that in which case you're no longer in a free market Society we had a surplus back in 2000 it's gone sad we're national debt was four and a half trillion all how all house things have changed in just 20 years hey hey you don't you don't want Bloomberg Bloomberg is a really nasty man he's just as bad as Trump do you believe there is a deep state yes there is a deep state it's called bureaucracy it's much more powerful than the politicians and politicians definitely are robbing system is robbing you all right we're up at two hours it's one o'clock in the morning I think I'll cut it here guys is your Chinese animal the year of the dragon or the rabbit it's the rabbit I'm gonna rabbit 1987 well this has been a lot of fun we laughed we cried a proper a.m.