すべてのビット (a bit of everything)

hi everybody this is charles hoskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is february 5th 2022 i am back home home is where the heart is god it's good to be home unfortunately i was forced to quarantine for a bit so i had to go off site but i finally got to be back home don't expose anybody to the to the rona i feel a lot better feeling good i had the omicron that's something everybody in the entire world is going to catch at some point it's really hard not to catch something with an o of with a r naught of seven it spreads like wildfire anyway so i decided to do a video title did a bit of everything because there's a few different things to talk about and i don't know how long i'll be ranting but it's good to good to talk about some things so as promised there was an event that happened in the cardano ecosystem that for some reason people keep trying to drag me into and i said i'm i have nothing to do with it so these guys are just going to have to figure this out for themselves and that was the sunday swap carts starter issue well looks like cardstarter filed a lawsuit and it's 38 pages and they have law firm and all these people and now that it's ongoing litigation there's really no point commenting about it litigation is the failure of negotiation usually go mediation try to talk out your differences see if you can come to a win-win that doesn't work you try perhaps some other form of dispute resolution when you actually go to the lawsuit phase it's a complete breakdown of the relationship to a point where you're handing over your entire fate to a judge or jury or both hoping that you can get better outcome than you could with the other party and i guess they're asking now for even more than what they were promised 250 million or something like that so the filing stands for itself and the alleging fraud a promissory stop situation and that there's some sort of implied deal so lawsuits or lawsuits there's a discovery process stuff can be subpoenaed there are all kinds of things that can be dragged into the process and so now that's gonna go on for a while probably be horrendously expensive there'll probably be a counter suit and all kinds of things and these things could take months to years to fully litigate it's quite unfortunate that that's where card's at and sunday's at in the relationship that apparently spending months to years to solve a problem is a better idea than trying mediation or something else but that's the prerogative of the principles there and where that relationship is at and it's a reminder for young entrepreneurs in general taking a step back and abstraction about the nature of commercial arrangements and expectation management when people are very young they negotiate in a very organic way they tend to just say hey how about this or how about this and they do it over slack or telegram or reddit or twitter i remember when i got started in this industry i negotiated a lot of stuff over bitcoin talk and private messages back and forth that's actually how invictus innovations got started my first company in this industry i i had a thread called project invictus and the very first person to reply to it was dan larimer under the handle bitemaster but i was trying to dream up what could make bitcoin invincible or crypto invincible so anyway you tend not to be so careful because you don't have any experience you don't really understand the value of legal agreements or the value of expectation management and the value of how negotiations are supposed to be done so there's a teachable moment for the entire cardano ecosystem for all these 230 plus dapps that are now building to take a step back and make sure that they have proper legal hygiene do you have god's eye view on all of the commercial arrangements and understandings and deals and negotiations that are signed sealed and in flight and do you have the right legal operating system to be able to handle all those for your ventures do you have founders agreements do you have the proper non-disclosure agreements does everybody understand their commercial realities have they written to confirm that have you gotten confirmation that your understanding of the deal is their understanding of the deal and that's the only part of the deal that's why an entire clause exists and also the communities that you're all building do those communities fully appreciate and understand the nature realities of the deal and the representations that have been if made can't answer that with absolute 100 yes we believe so you got work to do now no one's perfect especially young ventures but this is a space where unfortunately young ventures are given millions to tens of millions of dollars some cases hundreds of millions of dollars without a lot of adults in the room or venture capital oversight and the old people who start getting gray in their beard and i used to be one of the young people but i'm starting to feel like one of the old people we tend to remind people the value to these things and sometimes they take it and sometimes they don't so there's certainly a teachable moment for everybody who's building something on cardano anything that has value anything that could have value in the future could potentially be a spot for litigation or discussion never forget that and everybody you think is your friend is on the same terms as you they can turn very quickly when real money is at stake i recall when we started ethereum back in january 2014 all the ethereum founders got together in miami and we all thought we were the best of friends six months later we weren't because it went from hey we're all doing a cool open source project let's let's go chill in miami to there are millions of dollars at stake huge wealth transfer titles to give out kind of things like that so oral agreements and understandings of these things and they all evaporated and they went in different directions and there's plenty of books written about that history and it was pretty messy and there probably should have been litigation but it's water under the bridge we all did pretty well but it could have just as well gone the other direction especially if ethereum didn't deliver people forget that there was a time when ethereum only had half a million dollars left of the bank and they were precariously close to not being able to deliver the product up to the expectations of other people remember that so anyway that's that no more to comment on my side because litigation is ongoing and we're not a party to it we have no involvement in it but it's senseless to opine and comment and think about these things because stuff will come out and i'm as much of a spectator as you guys are and we'll see what the truth of the matter is through the discovery process and through the litigation process lots of things will be brought to to the court and we'll see what these guys do all right so that tables that don't add me to tweets anymore don't ask me to comment on any more at this point as much as i do there's nothing more to say let's talk about joe joe rogan now many of that i'm a big fan of the joe rogan podcast because of what it is there are so few media that we have that somebody makes it a point to bring somebody on and just let them discuss whatever the hell they happen to be an expert in you can be a ufo guy you could be a world famous scientist you could be a domain expert in some really cool new thing like anti-age or you could be a deeply controversial person an alex jones type person or alex jones himself what was really amazing about the rogan podcast is that rogan made a policy just to let him talk and share who they are with the world now there was no great patronage here where some media empire rupert murdoch or something like that showed up and said we're going to make this guy a star it was just people talking in an age where institutions lack legitimacy and people are in desperate need for truth and for candor this was a refreshing format that led to the rise of the lex friedman podcast it led to the rise of the intellectual dark web all of these things joe made a decision to get in front of this bullet train of coven that's been going on the age of covet is not an age of truth we all know that it's not an age of of science it's not an age of reason it's an age where you're told to accept things that are just not materially true and we all know it but we're not really allowed to have a conversation about it because it can promote vaccine hesitancy or whatever the hell people want to throw at you the reality is that private companies are making tens of billions of dollars off of the misery and suffering of the lockdowns that are occurring johns hopkins recently released a report saying that the reduction in mortality from all this lockdown culture is about 0.2 percent we're not allowed to really think about that or talk about that a public health campaign to reduce obesity probably would be more effective than what the lockdowns have done for the reduction of mortality and we've witnessed over the last 24 months the largest wealth transfer in the history of the world between the poor to the rich that's a fact mandates especially for vaccines mean that private companies who have no risk and didn't have to pay to build the products that they build are guaranteed to make tens of billions of dollars and if we don't take them then we're now social pariahs so we're not allowed apparently to have a dialogue about that and if anybody tries to have a dialogue about that they're punished the statements that rogan made didn't make them yesterday they occurred over a two decade period 100 million people in the audience no one seemed to have any issue no one did any collages or things until after started commenting on things that make very powerful people tens of billions of dollars and now there's a big surge of censorship and de-platforming so people come to our industry the cryptocurrency space because there's a very real possibility that joe could be cancelled there's a very real possibility that somebody with 11 million followers who listen to them on a regular basis could suddenly wake up without a job and they say well you guys are the censorship resistant industry you guys are the ones who somehow find a way to get people back into the milieu of society the reality is crypto is not ready for social media there are many challenges and next week i'll probably do some whiteboard videos and take you guys through some of the things that have to be solved if crypto actually has something to say to replace twitter or facebook or be a platform for free expression and free speech and free thought and it's a not really where we're at as an industry yet there's a lot of work that needs to be done so unfortunately there's no panic here there's no silver bullet we have to offer a guy like joe when they continue to attack him and eventually get rid of him because it'll come at some point somehow scandal after scandal or the slow heat death of losing his audience because of all the controls that have to be put on now it makes me sad when you lose the ability to express yourself and think and have controversial ideas ideas can't hurt you ideas hurt the people in power ideas hurt institutions ideas hurt other ideas but ideas don't hurt you you are a free thinking person the person listening you have every ability to look at each scenario and situation in its own right and use your judgment and rationality to decide what that situation and scenario means to you and we have as a society to take a step back and realize that people are just making decisions for us arbitrarily about what we must put in our bodies what we must put in our children's bodies making decisions about the money that you work so hard for our national debt in the united states crossed over 30 trillion dollars back when i started going to college it was a little over four wasn't too long ago i'm not that old now we're 30.