WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:04.350 align:start position:0% foreign 00:00:04.350 --> 00:00:04.360 align:start position:0% 00:00:04.360 --> 00:00:14.169 align:start position:0% [Music] 00:00:14.169 --> 00:00:14.179 align:start position:0% 00:00:14.179 --> 00:00:17.330 align:start position:0% welcome<00:00:15.179> to<00:00:15.420> Devcon<00:00:15.960> again<00:00:16.260> and<00:00:16.800> welcome<00:00:16.980> back 00:00:17.330 --> 00:00:17.340 align:start position:0% welcome to Devcon again and welcome back 00:00:17.340 --> 00:00:19.609 align:start position:0% welcome to Devcon again and welcome back to<00:00:17.520> Devcon<00:00:18.000> for<00:00:18.240> many<00:00:18.420> people<00:00:18.660> my<00:00:19.260> name<00:00:19.380> is<00:00:19.440> I 00:00:19.609 --> 00:00:19.619 align:start position:0% to Devcon for many people my name is I 00:00:19.619 --> 00:00:22.070 align:start position:0% to Devcon for many people my name is I am<00:00:19.800> yaguchi<00:00:20.340> from<00:00:20.460> the<00:00:20.580> theme<00:00:20.880> foundation<00:00:21.359> and 00:00:22.070 --> 00:00:22.080 align:start position:0% am yaguchi from the theme foundation and 00:00:22.080 --> 00:00:24.769 align:start position:0% am yaguchi from the theme foundation and I'm<00:00:22.199> here<00:00:22.560> to<00:00:22.800> talk<00:00:23.039> about<00:00:23.300> executing<00:00:24.300> with 00:00:24.769 --> 00:00:24.779 align:start position:0% I'm here to talk about executing with 00:00:24.779 --> 00:00:27.470 align:start position:0% I'm here to talk about executing with subtraction<00:00:25.680> in<00:00:26.100> the<00:00:26.220> infinite<00:00:26.640> Garden 00:00:27.470 --> 00:00:27.480 align:start position:0% subtraction in the infinite Garden 00:00:27.480 --> 00:00:30.710 align:start position:0% subtraction in the infinite Garden so<00:00:28.080> this<00:00:28.439> Devcon<00:00:28.920> feels<00:00:29.400> very<00:00:29.880> special<00:00:30.180> for 00:00:30.710 --> 00:00:30.720 align:start position:0% so this Devcon feels very special for 00:00:30.720 --> 00:00:33.410 align:start position:0% so this Devcon feels very special for everyone<00:00:30.900> first<00:00:31.800> it's<00:00:32.520> been<00:00:32.759> a<00:00:33.000> long<00:00:33.180> time 00:00:33.410 --> 00:00:33.420 align:start position:0% everyone first it's been a long time 00:00:33.420 --> 00:00:35.030 align:start position:0% everyone first it's been a long time it's<00:00:33.840> been<00:00:34.020> three<00:00:34.260> years<00:00:34.440> since<00:00:34.739> the<00:00:34.920> last 00:00:35.030 --> 00:00:35.040 align:start position:0% it's been three years since the last 00:00:35.040 --> 00:00:36.889 align:start position:0% it's been three years since the last step<00:00:35.219> gone<00:00:35.520> and<00:00:36.059> the<00:00:36.239> second 00:00:36.889 --> 00:00:36.899 align:start position:0% step gone and the second 00:00:36.899 --> 00:00:40.190 align:start position:0% step gone and the second the<00:00:37.440> marriage<00:00:37.800> just<00:00:38.160> happened<00:00:38.399> like<00:00:39.300> you<00:00:39.480> saw 00:00:40.190 --> 00:00:40.200 align:start position:0% the marriage just happened like you saw 00:00:40.200 --> 00:00:42.650 align:start position:0% the marriage just happened like you saw and<00:00:40.860> merge<00:00:41.399> is<00:00:41.520> very<00:00:41.700> special<00:00:41.879> not<00:00:42.540> only 00:00:42.650 --> 00:00:42.660 align:start position:0% and merge is very special not only 00:00:42.660 --> 00:00:44.229 align:start position:0% and merge is very special not only because<00:00:42.960> of<00:00:43.200> the<00:00:43.379> technical<00:00:43.680> advancement 00:00:44.229 --> 00:00:44.239 align:start position:0% because of the technical advancement 00:00:44.239 --> 00:00:47.630 align:start position:0% because of the technical advancement made<00:00:45.239> to<00:00:45.480> the<00:00:45.600> protocol<00:00:45.960> but<00:00:46.680> also<00:00:46.980> because<00:00:47.219> of 00:00:47.630 --> 00:00:47.640 align:start position:0% made to the protocol but also because of 00:00:47.640 --> 00:00:51.650 align:start position:0% made to the protocol but also because of how<00:00:48.059> this<00:00:48.539> giant<00:00:48.960> project<00:00:49.260> was<00:00:50.039> executed<00:00:50.760> by<00:00:51.480> a 00:00:51.650 --> 00:00:51.660 align:start position:0% how this giant project was executed by a 00:00:51.660 --> 00:00:55.850 align:start position:0% how this giant project was executed by a decentralized<00:00:52.260> ecosystem 00:00:55.850 --> 00:00:55.860 align:start position:0% 00:00:55.860 --> 00:00:58.310 align:start position:0% I<00:00:56.399> share<00:00:56.640> the<00:00:56.879> vision<00:00:57.059> of<00:00:57.539> infinite<00:00:58.079> Garden 00:00:58.310 --> 00:00:58.320 align:start position:0% I share the vision of infinite Garden 00:00:58.320 --> 00:01:01.670 align:start position:0% I share the vision of infinite Garden last<00:00:58.739> year<00:00:58.980> the<00:00:59.760> vision<00:01:00.000> of<00:01:00.239> ethium 00:01:01.670 --> 00:01:01.680 align:start position:0% last year the vision of ethium 00:01:01.680 --> 00:01:04.490 align:start position:0% last year the vision of ethium to<00:01:02.219> stay<00:01:02.460> full<00:01:02.699> of<00:01:02.879> infinite<00:01:03.359> players<00:01:03.780> growing 00:01:04.490 --> 00:01:04.500 align:start position:0% to stay full of infinite players growing 00:01:04.500 --> 00:01:07.490 align:start position:0% to stay full of infinite players growing as<00:01:04.920> organically<00:01:05.580> as<00:01:05.939> possible 00:01:07.490 --> 00:01:07.500 align:start position:0% as organically as possible 00:01:07.500 --> 00:01:10.850 align:start position:0% as organically as possible to<00:01:08.220> maintain<00:01:08.580> the<00:01:08.939> soul<00:01:09.119> of<00:01:09.540> ethereum 00:01:10.850 --> 00:01:10.860 align:start position:0% to maintain the soul of ethereum 00:01:10.860 --> 00:01:13.490 align:start position:0% to maintain the soul of ethereum the<00:01:11.340> merge<00:01:11.700> was<00:01:11.880> a<00:01:12.060> great<00:01:12.180> example 00:01:13.490 --> 00:01:13.500 align:start position:0% the merge was a great example 00:01:13.500 --> 00:01:15.890 align:start position:0% the merge was a great example those<00:01:14.100> who<00:01:14.340> walked<00:01:14.700> on<00:01:14.820> the<00:01:15.000> merch<00:01:15.299> are 00:01:15.890 --> 00:01:15.900 align:start position:0% those who walked on the merch are 00:01:15.900 --> 00:01:18.230 align:start position:0% those who walked on the merch are definitely<00:01:16.560> infinite<00:01:17.280> players 00:01:18.230 --> 00:01:18.240 align:start position:0% definitely infinite players 00:01:18.240 --> 00:01:21.170 align:start position:0% definitely infinite players they<00:01:18.780> didn't<00:01:18.900> do<00:01:19.200> it<00:01:19.320> for<00:01:19.560> themselves<00:01:19.920> to<00:01:20.220> win 00:01:21.170 --> 00:01:21.180 align:start position:0% they didn't do it for themselves to win 00:01:21.180 --> 00:01:23.929 align:start position:0% they didn't do it for themselves to win the<00:01:21.600> world<00:01:21.720> will<00:01:22.020> let<00:01:22.259> everyone<00:01:22.439> to<00:01:22.799> join<00:01:23.220> at 00:01:23.929 --> 00:01:23.939 align:start position:0% the world will let everyone to join at 00:01:23.939 --> 00:01:26.690 align:start position:0% the world will let everyone to join at different<00:01:24.299> layers<00:01:24.780> more<00:01:25.439> easily 00:01:26.690 --> 00:01:26.700 align:start position:0% different layers more easily 00:01:26.700 --> 00:01:30.469 align:start position:0% different layers more easily and<00:01:27.180> the<00:01:27.360> work<00:01:27.540> is<00:01:28.439> great<00:01:28.680> a<00:01:29.159> great<00:01:29.460> example<00:01:30.000> to 00:01:30.469 --> 00:01:30.479 align:start position:0% and the work is great a great example to 00:01:30.479 --> 00:01:33.590 align:start position:0% and the work is great a great example to show<00:01:30.780> how<00:01:31.320> our<00:01:31.560> game<00:01:31.860> was<00:01:32.580> played<00:01:33.000> to<00:01:33.299> continue 00:01:33.590 --> 00:01:33.600 align:start position:0% show how our game was played to continue 00:01:33.600 --> 00:01:37.370 align:start position:0% show how our game was played to continue the<00:01:34.020> play<00:01:34.200> not<00:01:35.100> for<00:01:35.400> someone<00:01:35.640> to<00:01:36.000> win 00:01:37.370 --> 00:01:37.380 align:start position:0% the play not for someone to win 00:01:37.380 --> 00:01:39.649 align:start position:0% the play not for someone to win so<00:01:37.979> what<00:01:38.220> has<00:01:38.460> been<00:01:38.640> the<00:01:38.880> law<00:01:39.000> of<00:01:39.180> the<00:01:39.299> ethereum 00:01:39.649 --> 00:01:39.659 align:start position:0% so what has been the law of the ethereum 00:01:39.659 --> 00:01:42.170 align:start position:0% so what has been the law of the ethereum foundation<00:01:40.079> in<00:01:40.439> this<00:01:40.619> Garden<00:01:40.799> how<00:01:41.759> have<00:01:41.939> we 00:01:42.170 --> 00:01:42.180 align:start position:0% foundation in this Garden how have we 00:01:42.180 --> 00:01:44.630 align:start position:0% foundation in this Garden how have we been<00:01:42.360> making<00:01:42.600> decisions<00:01:43.259> and<00:01:43.740> taking<00:01:43.979> actions 00:01:44.630 --> 00:01:44.640 align:start position:0% been making decisions and taking actions 00:01:44.640 --> 00:01:47.890 align:start position:0% been making decisions and taking actions to<00:01:45.299> support<00:01:45.540> people<00:01:46.020> to<00:01:46.560> play<00:01:47.159> Infinite<00:01:47.700> games 00:01:47.890 --> 00:01:47.900 align:start position:0% to support people to play Infinite games 00:01:47.900 --> 00:01:50.330 align:start position:0% to support people to play Infinite games instead<00:01:48.900> of<00:01:49.020> fighting 00:01:50.330 --> 00:01:50.340 align:start position:0% instead of fighting 00:01:50.340 --> 00:01:54.289 align:start position:0% instead of fighting to<00:01:51.060> answer<00:01:51.240> this<00:01:51.600> question<00:01:51.979> for<00:01:52.979> you<00:01:53.220> or<00:01:54.060> to 00:01:54.289 --> 00:01:54.299 align:start position:0% to answer this question for you or to 00:01:54.299 --> 00:01:57.830 align:start position:0% to answer this question for you or to for<00:01:54.659> myself<00:01:54.840> I<00:01:55.680> go<00:01:55.860> back<00:01:56.100> to<00:01:56.340> this<00:01:56.579> word 00:01:57.830 --> 00:01:57.840 align:start position:0% for myself I go back to this word 00:01:57.840 --> 00:01:59.749 align:start position:0% for myself I go back to this word subtraction 00:01:59.749 --> 00:01:59.759 align:start position:0% subtraction 00:01:59.759 --> 00:02:01.490 align:start position:0% subtraction this<00:02:00.299> is<00:02:00.360> one<00:02:00.600> of<00:02:00.720> the<00:02:00.840> three<00:02:01.020> guiding 00:02:01.490 --> 00:02:01.500 align:start position:0% this is one of the three guiding 00:02:01.500 --> 00:02:04.010 align:start position:0% this is one of the three guiding principles<00:02:01.979> of<00:02:02.399> the<00:02:02.520> ethereum<00:02:02.880> foundation<00:02:03.299> we 00:02:04.010 --> 00:02:04.020 align:start position:0% principles of the ethereum foundation we 00:02:04.020 --> 00:02:06.109 align:start position:0% principles of the ethereum foundation we share<00:02:04.259> this<00:02:04.500> in<00:02:04.799> the<00:02:04.920> EF<00:02:05.219> report<00:02:05.460> earlier<00:02:06.000> this 00:02:06.109 --> 00:02:06.119 align:start position:0% share this in the EF report earlier this 00:02:06.119 --> 00:02:09.410 align:start position:0% share this in the EF report earlier this year<00:02:06.680> long-term<00:02:07.680> thinking<00:02:08.160> stewardship<00:02:09.119> of 00:02:09.410 --> 00:02:09.420 align:start position:0% year long-term thinking stewardship of 00:02:09.420 --> 00:02:11.869 align:start position:0% year long-term thinking stewardship of values<00:02:09.959> and<00:02:10.739> subtraction 00:02:11.869 --> 00:02:11.879 align:start position:0% values and subtraction 00:02:11.879 --> 00:02:15.110 align:start position:0% values and subtraction and<00:02:12.420> if<00:02:12.720> you<00:02:12.900> any<00:02:13.200> of<00:02:13.440> you<00:02:13.560> remember<00:02:13.800> I<00:02:14.760> spoke 00:02:15.110 --> 00:02:15.120 align:start position:0% and if you any of you remember I spoke 00:02:15.120 --> 00:02:18.229 align:start position:0% and if you any of you remember I spoke about<00:02:15.540> subtraction<00:02:16.200> at<00:02:16.680> devcom<00:02:17.160> plug<00:02:17.400> four 00:02:18.229 --> 00:02:18.239 align:start position:0% about subtraction at devcom plug four 00:02:18.239 --> 00:02:20.030 align:start position:0% about subtraction at devcom plug four years<00:02:18.420> ago 00:02:20.030 --> 00:02:20.040 align:start position:0% years ago 00:02:20.040 --> 00:02:22.729 align:start position:0% years ago time<00:02:20.640> has<00:02:20.879> passed<00:02:21.360> and<00:02:21.780> I've<00:02:21.959> been<00:02:22.140> frequently 00:02:22.729 --> 00:02:22.739 align:start position:0% time has passed and I've been frequently 00:02:22.739 --> 00:02:25.910 align:start position:0% time has passed and I've been frequently asked<00:02:23.459> about<00:02:23.700> subtraction<00:02:24.239> recently<00:02:24.900> and<00:02:25.680> I'm 00:02:25.910 --> 00:02:25.920 align:start position:0% asked about subtraction recently and I'm 00:02:25.920 --> 00:02:28.369 align:start position:0% asked about subtraction recently and I'm never<00:02:26.160> a<00:02:26.400> fan<00:02:26.580> of<00:02:26.879> talking<00:02:27.540> about<00:02:27.900> ideas 00:02:28.369 --> 00:02:28.379 align:start position:0% never a fan of talking about ideas 00:02:28.379 --> 00:02:31.250 align:start position:0% never a fan of talking about ideas before<00:02:28.980> acting<00:02:29.580> on<00:02:29.760> it 00:02:31.250 --> 00:02:31.260 align:start position:0% before acting on it 00:02:31.260 --> 00:02:33.589 align:start position:0% before acting on it um<00:02:31.319> where<00:02:31.800> I<00:02:31.980> grew<00:02:32.280> up<00:02:32.340> in<00:02:32.520> Japan<00:02:32.640> we<00:02:33.060> have<00:02:33.300> this 00:02:33.589 --> 00:02:33.599 align:start position:0% um where I grew up in Japan we have this 00:02:33.599 --> 00:02:35.170 align:start position:0% um where I grew up in Japan we have this word<00:02:33.840> called 00:02:35.170 --> 00:02:35.180 align:start position:0% word called 00:02:35.180 --> 00:02:38.750 align:start position:0% word called which<00:02:36.180> literally<00:02:36.540> means<00:02:37.020> shut<00:02:37.680> up<00:02:37.920> and<00:02:38.220> do<00:02:38.580> the 00:02:38.750 --> 00:02:38.760 align:start position:0% which literally means shut up and do the 00:02:38.760 --> 00:02:40.850 align:start position:0% which literally means shut up and do the work 00:02:40.850 --> 00:02:40.860 align:start position:0% work 00:02:40.860 --> 00:02:44.449 align:start position:0% work so<00:02:41.580> but<00:02:42.120> today<00:02:42.420> I<00:02:43.140> feel<00:02:43.440> ready<00:02:43.800> to<00:02:44.099> talk<00:02:44.340> about 00:02:44.449 --> 00:02:44.459 align:start position:0% so but today I feel ready to talk about 00:02:44.459 --> 00:02:46.729 align:start position:0% so but today I feel ready to talk about it<00:02:44.700> a<00:02:44.819> little<00:02:44.879> bit<00:02:45.060> more<00:02:45.300> because<00:02:46.080> we<00:02:46.560> have 00:02:46.729 --> 00:02:46.739 align:start position:0% it a little bit more because we have 00:02:46.739 --> 00:02:49.490 align:start position:0% it a little bit more because we have acted<00:02:47.220> on<00:02:47.400> it<00:02:47.580> we<00:02:48.000> have<00:02:48.120> acted<00:02:48.599> on<00:02:48.780> since<00:02:49.260> then 00:02:49.490 --> 00:02:49.500 align:start position:0% acted on it we have acted on since then 00:02:49.500 --> 00:02:53.509 align:start position:0% acted on it we have acted on since then since<00:02:49.920> the<00:02:50.220> time<00:02:50.340> that<00:02:50.640> I<00:02:50.879> spoke<00:02:51.180> about<00:02:51.840> it<00:02:52.519> in 00:02:53.509 --> 00:02:53.519 align:start position:0% since the time that I spoke about it in 00:02:53.519 --> 00:02:55.729 align:start position:0% since the time that I spoke about it in plug 00:02:55.729 --> 00:02:55.739 align:start position:0% plug 00:02:55.739 --> 00:02:59.089 align:start position:0% plug it<00:02:56.280> has<00:02:56.400> become<00:02:56.760> our<00:02:57.060> key<00:02:57.420> principle<00:02:57.900> any<00:02:58.500> in 00:02:59.089 --> 00:02:59.099 align:start position:0% it has become our key principle any in 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more I think about how subtraction<00:03:09.480> is<00:03:10.080> important<00:03:10.560> to<00:03:10.920> the<00:03:11.099> ethereum 00:03:11.449 --> 00:03:11.459 align:start position:0% subtraction is important to the ethereum 00:03:11.459 --> 00:03:13.970 align:start position:0% subtraction is important to the ethereum foundation<00:03:11.879> the<00:03:12.840> more<00:03:13.019> I<00:03:13.379> feel<00:03:13.620> that 00:03:13.970 --> 00:03:13.980 align:start position:0% foundation the more I feel that 00:03:13.980 --> 00:03:17.390 align:start position:0% foundation the more I feel that subtraction<00:03:14.519> is<00:03:15.120> best<00:03:15.420> for<00:03:15.780> ethereum<00:03:16.400> and 00:03:17.390 --> 00:03:17.400 align:start position:0% subtraction is best for ethereum and 00:03:17.400 --> 00:03:20.630 align:start position:0% subtraction is best for ethereum and that<00:03:18.239> this<00:03:18.540> can<00:03:18.720> be<00:03:18.900> also<00:03:19.560> applied<00:03:19.920> by<00:03:20.159> others 00:03:20.630 --> 00:03:20.640 align:start position:0% that this can be also applied by others 00:03:20.640 --> 00:03:23.509 align:start position:0% that this can be also applied by others so<00:03:21.480> today<00:03:21.780> I'm<00:03:22.200> here<00:03:22.560> to<00:03:22.800> reintroduce 00:03:23.509 --> 00:03:23.519 align:start position:0% so today I'm here to reintroduce 00:03:23.519 --> 00:03:26.750 align:start position:0% so today I'm here to reintroduce subtraction<00:03:24.140> with<00:03:25.140> the<00:03:25.319> story<00:03:25.500> of<00:03:25.800> how<00:03:26.280> the 00:03:26.750 --> 00:03:26.760 align:start position:0% subtraction with the story of how the 00:03:26.760 --> 00:03:28.070 align:start position:0% subtraction with the story of how the idea<00:03:27.060> was<00:03:27.239> born 00:03:28.070 --> 00:03:28.080 align:start position:0% idea was born 00:03:28.080 --> 00:03:30.770 align:start position:0% idea was born and<00:03:28.620> sharing<00:03:29.040> some<00:03:29.340> examples<00:03:29.760> with<00:03:30.360> the<00:03:30.599> hope 00:03:30.770 --> 00:03:30.780 align:start position:0% and sharing some examples with the hope 00:03:30.780 --> 00:03:35.330 align:start position:0% and sharing some examples with the hope for<00:03:31.200> this<00:03:31.800> to<00:03:32.040> be<00:03:32.220> your<00:03:32.400> inspiration 00:03:35.330 --> 00:03:35.340 align:start position:0% 00:03:35.340 --> 00:03:38.690 align:start position:0% so<00:03:36.000> how<00:03:36.360> it<00:03:36.659> began<00:03:37.080> when<00:03:37.860> I<00:03:37.980> joined<00:03:38.280> acne 00:03:38.690 --> 00:03:38.700 align:start position:0% so how it began when I joined acne 00:03:38.700 --> 00:03:39.949 align:start position:0% so how it began when I joined acne Foundation 00:03:39.949 --> 00:03:39.959 align:start position:0% Foundation 00:03:39.959 --> 00:03:42.470 align:start position:0% Foundation to<00:03:40.500> be<00:03:40.620> honest<00:03:40.860> EF<00:03:41.340> was<00:03:41.580> not<00:03:41.819> really<00:03:42.000> in<00:03:42.299> an 00:03:42.470 --> 00:03:42.480 align:start position:0% to be honest EF was not really in an 00:03:42.480 --> 00:03:45.110 align:start position:0% to be honest EF was not really in an organization<00:03:42.900> or 00:03:45.110 --> 00:03:45.120 align:start position:0% organization or 00:03:45.120 --> 00:03:47.449 align:start position:0% organization or okay<00:03:45.599> Hudson<00:03:46.019> is<00:03:46.260> laughing 00:03:47.449 --> 00:03:47.459 align:start position:0% okay Hudson is laughing 00:03:47.459 --> 00:03:48.369 align:start position:0% okay Hudson is laughing um 00:03:48.369 --> 00:03:48.379 align:start position:0% um 00:03:48.379 --> 00:03:51.470 align:start position:0% um it<00:03:49.379> was<00:03:49.500> more<00:03:49.680> like<00:03:49.860> a<00:03:50.099> collection<00:03:50.459> of<00:03:50.879> devs 00:03:51.470 --> 00:03:51.480 align:start position:0% it was more like a collection of devs 00:03:51.480 --> 00:03:54.410 align:start position:0% it was more like a collection of devs and<00:03:51.659> researchers<00:03:52.260> doing<00:03:52.799> different<00:03:53.099> projects 00:03:54.410 --> 00:03:54.420 align:start position:0% and researchers doing different projects 00:03:54.420 --> 00:03:58.309 align:start position:0% and researchers doing different projects there<00:03:54.959> was<00:03:55.140> not<00:03:55.860> even<00:03:56.159> a<00:03:56.400> finance<00:03:56.760> team<00:03:57.080> uh<00:03:58.080> nor 00:03:58.309 --> 00:03:58.319 align:start position:0% there was not even a finance team uh nor 00:03:58.319 --> 00:04:00.890 align:start position:0% there was not even a finance team uh nor our<00:03:58.560> grand<00:03:58.799> team<00:03:59.519> and<00:04:00.060> there<00:04:00.299> was<00:04:00.480> no<00:04:00.659> system 00:04:00.890 --> 00:04:00.900 align:start position:0% our grand team and there was no system 00:04:00.900 --> 00:04:02.390 align:start position:0% our grand team and there was no system to<00:04:01.260> collaborate<00:04:01.680> with<00:04:01.860> Indonesian 00:04:02.390 --> 00:04:02.400 align:start position:0% to collaborate with Indonesian 00:04:02.400 --> 00:04:04.550 align:start position:0% to collaborate with Indonesian Foundation<00:04:02.819> very<00:04:03.060> well 00:04:04.550 --> 00:04:04.560 align:start position:0% Foundation very well 00:04:04.560 --> 00:04:07.670 align:start position:0% Foundation very well and<00:04:05.280> so<00:04:05.879> however<00:04:06.299> the<00:04:07.019> decentralized 00:04:07.670 --> 00:04:07.680 align:start position:0% and so however the decentralized 00:04:07.680 --> 00:04:11.509 align:start position:0% and so however the decentralized ecosystem<00:04:08.360> was<00:04:09.360> pretty<00:04:10.019> already<00:04:10.439> pretty<00:04:11.280> big 00:04:11.509 --> 00:04:11.519 align:start position:0% ecosystem was pretty already pretty big 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--> 00:04:24.650 align:start position:0% ethereum foundation as the executive director<00:04:22.440> was<00:04:22.860> announced 00:04:24.650 --> 00:04:24.660 align:start position:0% director was announced 00:04:24.660 --> 00:04:27.350 align:start position:0% director was announced during<00:04:25.259> my<00:04:25.560> early<00:04:25.740> time<00:04:26.160> people<00:04:26.820> gave<00:04:27.180> me 00:04:27.350 --> 00:04:27.360 align:start position:0% during my early time people gave me 00:04:27.360 --> 00:04:30.590 align:start position:0% during my early time people gave me different<00:04:27.660> ideas<00:04:28.500> and<00:04:28.860> requests<00:04:29.340> one<00:04:30.240> idea 00:04:30.590 --> 00:04:30.600 align:start position:0% different ideas and requests one idea 00:04:30.600 --> 00:04:34.129 align:start position:0% different ideas and requests one idea that<00:04:30.780> was<00:04:30.960> suggested<00:04:31.560> to<00:04:31.979> hire<00:04:32.280> the<00:04:33.060> best<00:04:33.300> all 00:04:34.129 --> 00:04:34.139 align:start position:0% that was suggested to hire the best all 00:04:34.139 --> 00:04:37.430 align:start position:0% that was suggested to hire the best all the<00:04:34.380> best<00:04:34.560> talents<00:04:35.100> in<00:04:35.220> the<00:04:35.340> world<00:04:35.520> to<00:04:35.940> the<00:04:36.180> AF 00:04:37.430 --> 00:04:37.440 align:start position:0% the best talents in the world to the AF 00:04:37.440 --> 00:04:43.010 align:start position:0% the best talents in the world to the AF another<00:04:37.979> idea<00:04:38.520> is<00:04:39.000> to<00:04:39.419> hire<00:04:40.100> CTO<00:04:41.180> officem<00:04:42.180> or 00:04:43.010 --> 00:04:43.020 align:start position:0% another idea is to hire CTO officem or 00:04:43.020 --> 00:04:46.610 align:start position:0% another idea is to hire CTO officem or chief<00:04:43.560> strategy<00:04:44.160> officer<00:04:44.639> of<00:04:44.880> ethereum 00:04:46.610 --> 00:04:46.620 align:start position:0% chief strategy officer of ethereum 00:04:46.620 --> 00:04:48.590 align:start position:0% chief strategy officer of ethereum at<00:04:47.220> the<00:04:47.400> Italian<00:04:47.580> Foundation 00:04:48.590 --> 00:04:48.600 align:start position:0% at the Italian Foundation 00:04:48.600 --> 00:04:52.430 align:start position:0% at the Italian Foundation basically<00:04:49.500> ideas<00:04:49.979> for<00:04:50.460> me<00:04:50.639> to<00:04:51.120> build<00:04:51.660> the<00:04:52.080> EF 00:04:52.430 --> 00:04:52.440 align:start position:0% basically ideas for me to build the EF 00:04:52.440 --> 00:04:54.770 align:start position:0% basically ideas for me to build the EF Empire 00:04:54.770 --> 00:04:54.780 align:start position:0% Empire 00:04:54.780 --> 00:04:58.490 align:start position:0% Empire and<00:04:55.620> that<00:04:56.580> wasn't<00:04:56.820> technically<00:04:57.500> impossible 00:04:58.490 --> 00:04:58.500 align:start position:0% and that wasn't technically impossible 00:04:58.500 --> 00:05:00.350 align:start position:0% and that wasn't technically impossible because<00:04:58.860> the<00:04:59.160> place<00:04:59.340> of<00:04:59.580> ether<00:04:59.880> was<00:05:00.120> already 00:05:00.350 --> 00:05:00.360 align:start position:0% because the place of ether was already 00:05:00.360 --> 00:05:01.610 align:start position:0% because the place of ether was already decent 00:05:01.610 --> 00:05:01.620 align:start position:0% decent 00:05:01.620 --> 00:05:04.430 align:start position:0% decent and<00:05:02.160> it<00:05:02.400> is<00:05:02.580> important<00:05:03.120> to<00:05:03.360> mention 00:05:04.430 --> 00:05:04.440 align:start position:0% and it is important to mention 00:05:04.440 --> 00:05:10.370 align:start position:0% and it is important to mention these<00:05:05.040> ideas<00:05:05.220> were<00:05:05.639> not<00:05:05.880> seen<00:05:06.240> as<00:05:06.600> crazy<00:05:06.960> ideas 00:05:10.370 --> 00:05:10.380 align:start position:0% 00:05:10.380 --> 00:05:12.770 align:start position:0% if<00:05:10.860> you<00:05:11.040> are<00:05:11.160> a<00:05:11.280> tech<00:05:11.460> startup 00:05:12.770 --> 00:05:12.780 align:start position:0% if you are a tech startup 00:05:12.780 --> 00:05:15.770 align:start position:0% if you are a tech startup or<00:05:13.320> an<00:05:13.560> owner<00:05:14.040> boxing<00:05:14.460> it<00:05:15.180> is<00:05:15.300> pretty<00:05:15.479> normal 00:05:15.770 --> 00:05:15.780 align:start position:0% or an owner boxing it is pretty normal 00:05:15.780 --> 00:05:18.409 align:start position:0% or an owner boxing it is pretty normal to<00:05:16.080> do<00:05:16.199> this<00:05:16.440> why<00:05:17.100> is<00:05:17.280> it<00:05:17.520> normal 00:05:18.409 --> 00:05:18.419 align:start position:0% to do this why is it normal 00:05:18.419 --> 00:05:19.909 align:start position:0% to do this why is it normal tendencies 00:05:19.909 --> 00:05:19.919 align:start position:0% tendencies 00:05:19.919 --> 00:05:23.090 align:start position:0% tendencies it<00:05:20.520> is<00:05:20.639> because<00:05:20.880> our<00:05:21.479> glands<00:05:22.080> are<00:05:22.320> trained<00:05:22.860> to 00:05:23.090 --> 00:05:23.100 align:start position:0% it is because our glands are trained to 00:05:23.100 --> 00:05:24.050 align:start position:0% it is because our glands are trained to add 00:05:24.050 --> 00:05:24.060 align:start position:0% add 00:05:24.060 --> 00:05:27.950 align:start position:0% add let<00:05:24.600> me<00:05:24.720> give<00:05:24.900> you<00:05:25.020> a<00:05:25.139> test 00:05:27.950 --> 00:05:27.960 align:start position:0% 00:05:27.960 --> 00:05:29.930 align:start position:0% when<00:05:28.440> you're<00:05:28.560> asked<00:05:28.919> to<00:05:29.039> fix<00:05:29.220> this<00:05:29.460> bubbly 00:05:29.930 --> 00:05:29.940 align:start position:0% when you're asked to fix this bubbly 00:05:29.940 --> 00:05:32.390 align:start position:0% when you're asked to fix this bubbly unstable<00:05:30.479> Lego<00:05:30.780> bridge<00:05:31.139> and<00:05:31.680> I<00:05:31.860> say<00:05:32.039> I<00:05:32.220> give 00:05:32.390 --> 00:05:32.400 align:start position:0% unstable Lego bridge and I say I give 00:05:32.400 --> 00:05:35.150 align:start position:0% unstable Lego bridge and I say I give you<00:05:32.520> five<00:05:32.759> seconds<00:05:33.000> what<00:05:33.660> would<00:05:33.840> you<00:05:34.020> do 00:05:35.150 --> 00:05:35.160 align:start position:0% you five seconds what would you do 00:05:35.160 --> 00:05:36.710 align:start position:0% you five seconds what would you do did<00:05:35.460> you<00:05:35.639> think<00:05:35.820> of<00:05:36.000> this 00:05:36.710 --> 00:05:36.720 align:start position:0% did you think of this 00:05:36.720 --> 00:05:39.290 align:start position:0% did you think of this so<00:05:37.620> there<00:05:37.860> was<00:05:38.039> an<00:05:38.160> actual<00:05:38.460> study<00:05:38.820> about<00:05:39.000> this 00:05:39.290 --> 00:05:39.300 align:start position:0% so there was an actual study about this 00:05:39.300 --> 00:05:41.990 align:start position:0% so there was an actual study about this Lego<00:05:39.539> place<00:05:39.900> and<00:05:40.320> I<00:05:40.440> also<00:05:40.800> tested<00:05:41.280> with<00:05:41.759> some 00:05:41.990 --> 00:05:42.000 align:start position:0% Lego place and I also tested with some 00:05:42.000 --> 00:05:44.029 align:start position:0% Lego place and I also tested with some people<00:05:42.240> this<00:05:42.780> week 00:05:44.029 --> 00:05:44.039 align:start position:0% people this week 00:05:44.039 --> 00:05:46.610 align:start position:0% people this week most<00:05:44.880> people<00:05:45.120> think<00:05:45.479> about<00:05:45.660> adding<00:05:46.380> two 00:05:46.610 --> 00:05:46.620 align:start position:0% most people think about adding two 00:05:46.620 --> 00:05:49.270 align:start position:0% most people think about adding two blocks<00:05:47.100> in<00:05:47.520> the<00:05:47.639> bottom<00:05:47.940> left 00:05:49.270 --> 00:05:49.280 align:start position:0% blocks in the bottom left 00:05:49.280 --> 00:05:53.150 align:start position:0% blocks in the bottom left especially<00:05:50.280> when<00:05:50.639> you<00:05:51.240> see<00:05:51.600> more<00:05:51.840> Lego<00:05:52.160> blocks 00:05:53.150 --> 00:05:53.160 align:start position:0% especially when you see more Lego blocks 00:05:53.160 --> 00:05:55.010 align:start position:0% especially when you see more Lego blocks in<00:05:53.340> front<00:05:53.460> of<00:05:53.639> you<00:05:53.759> so<00:05:54.360> when<00:05:54.539> you<00:05:54.720> are<00:05:54.840> giving 00:05:55.010 --> 00:05:55.020 align:start position:0% in front of you so when you are giving 00:05:55.020 --> 00:05:58.249 align:start position:0% in front of you so when you are giving more<00:05:55.320> resources<00:05:55.860> it<00:05:56.639> is<00:05:56.759> more<00:05:57.000> natural<00:05:57.240> to<00:05:58.020> add 00:05:58.249 --> 00:05:58.259 align:start position:0% more resources it is more natural to add 00:05:58.259 --> 00:05:59.930 align:start position:0% more resources it is more natural to add and<00:05:58.500> spend<00:05:58.800> more 00:05:59.930 --> 00:05:59.940 align:start position:0% and spend more 00:05:59.940 --> 00:06:02.510 align:start position:0% and spend more without<00:06:00.479> thinking<00:06:01.080> about<00:06:01.320> the<00:06:01.740> option<00:06:02.160> to 00:06:02.510 --> 00:06:02.520 align:start position:0% without thinking about the option to 00:06:02.520 --> 00:06:04.490 align:start position:0% without thinking about the option to subtract 00:06:04.490 --> 00:06:04.500 align:start position:0% subtract 00:06:04.500 --> 00:06:07.550 align:start position:0% subtract another<00:06:04.979> example<00:06:05.400> our<00:06:06.240> Defcon<00:06:06.720> team<00:06:06.900> has<00:06:07.139> dip 00:06:07.550 --> 00:06:07.560 align:start position:0% another example our Defcon team has dip 00:06:07.560 --> 00:06:08.990 align:start position:0% another example our Defcon team has dip process 00:06:08.990 --> 00:06:09.000 align:start position:0% process 00:06:09.000 --> 00:06:10.730 align:start position:0% process where<00:06:09.419> Community<00:06:09.720> people<00:06:10.139> can<00:06:10.440> suggest 00:06:10.730 --> 00:06:10.740 align:start position:0% where Community people can suggest 00:06:10.740 --> 00:06:13.430 align:start position:0% where Community people can suggest improvements<00:06:11.460> for<00:06:11.580> depcon<00:06:12.060> and<00:06:12.660> the<00:06:12.840> team<00:06:13.080> has 00:06:13.430 --> 00:06:13.440 align:start position:0% improvements for depcon and the team has 00:06:13.440 --> 00:06:17.689 align:start position:0% improvements for depcon and the team has received<00:06:13.919> about<00:06:14.100> 50<00:06:15.199> requests<00:06:16.199> so<00:06:16.440> far<00:06:16.699> among 00:06:17.689 --> 00:06:17.699 align:start position:0% received about 50 requests so far among 00:06:17.699 --> 00:06:19.730 align:start position:0% received about 50 requests so far among all<00:06:18.060> of<00:06:18.240> those<00:06:18.419> requests<00:06:18.960> no<00:06:19.320> one<00:06:19.500> has 00:06:19.730 --> 00:06:19.740 align:start position:0% all of those requests no one has 00:06:19.740 --> 00:06:21.590 align:start position:0% all of those requests no one has suggested<00:06:20.280> to<00:06:20.580> subtract<00:06:21.000> something<00:06:21.300> from 00:06:21.590 --> 00:06:21.600 align:start position:0% suggested to subtract something from 00:06:21.600 --> 00:06:23.210 align:start position:0% suggested to subtract something from devcom 00:06:23.210 --> 00:06:23.220 align:start position:0% devcom 00:06:23.220 --> 00:06:26.870 align:start position:0% devcom so<00:06:23.759> going<00:06:24.120> back<00:06:24.300> to<00:06:24.539> my<00:06:24.720> everydays<00:06:25.500> which<00:06:26.460> with 00:06:26.870 --> 00:06:26.880 align:start position:0% so going back to my everydays which with 00:06:26.880 --> 00:06:29.450 align:start position:0% so going back to my everydays which with this<00:06:27.240> natural<00:06:27.419> human<00:06:27.780> tendency<00:06:28.380> I<00:06:28.979> can<00:06:29.100> argue 00:06:29.450 --> 00:06:29.460 align:start position:0% this natural human tendency I can argue 00:06:29.460 --> 00:06:31.490 align:start position:0% this natural human tendency I can argue that<00:06:29.580> the<00:06:29.759> impact<00:06:30.060> almost<00:06:30.419> no<00:06:30.720> one<00:06:30.900> gave<00:06:31.259> me 00:06:31.490 --> 00:06:31.500 align:start position:0% that the impact almost no one gave me 00:06:31.500 --> 00:06:33.830 align:start position:0% that the impact almost no one gave me the<00:06:31.680> other<00:06:31.919> options<00:06:32.340> than<00:06:32.759> adding<00:06:33.180> more 00:06:33.830 --> 00:06:33.840 align:start position:0% the other options than adding more 00:06:33.840 --> 00:06:36.350 align:start position:0% the other options than adding more it<00:06:34.380> looked<00:06:34.680> like<00:06:34.740> there<00:06:35.160> was<00:06:35.340> only<00:06:35.639> one<00:06:36.120> path 00:06:36.350 --> 00:06:36.360 align:start position:0% it looked like there was only one path 00:06:36.360 --> 00:06:37.969 align:start position:0% it looked like there was only one path to<00:06:36.600> take 00:06:37.969 --> 00:06:37.979 align:start position:0% to take 00:06:37.979 --> 00:06:41.629 align:start position:0% to take luckily<00:06:38.639> my<00:06:39.000> blank<00:06:39.419> was<00:06:40.199> less<00:06:40.680> Engineers<00:06:41.340> to 00:06:41.629 --> 00:06:41.639 align:start position:0% luckily my blank was less Engineers to 00:06:41.639 --> 00:06:44.390 align:start position:0% luckily my blank was less Engineers to add<00:06:42.060> because<00:06:43.020> of<00:06:43.259> my<00:06:43.380> background<00:06:43.740> and<00:06:44.100> I<00:06:44.220> was 00:06:44.390 --> 00:06:44.400 align:start position:0% add because of my background and I was 00:06:44.400 --> 00:06:47.870 align:start position:0% add because of my background and I was able<00:06:44.639> to<00:06:44.759> see<00:06:44.940> two<00:06:45.240> paths<00:06:45.660> to<00:06:45.780> take<00:06:45.960> one<00:06:46.740> is<00:06:46.919> to 00:06:47.870 --> 00:06:47.880 align:start position:0% able to see two paths to take one is to 00:06:47.880 --> 00:06:49.790 align:start position:0% able to see two paths to take one is to road<00:06:48.419> to<00:06:48.840> add 00:06:49.790 --> 00:06:49.800 align:start position:0% road to add 00:06:49.800 --> 00:06:52.610 align:start position:0% road to add to<00:06:50.400> build<00:06:50.639> the<00:06:51.000> EF<00:06:51.360> Empire 00:06:52.610 --> 00:06:52.620 align:start position:0% to build the EF Empire 00:06:52.620 --> 00:06:54.830 align:start position:0% to build the EF Empire the<00:06:53.160> other<00:06:53.280> is<00:06:53.699> to<00:06:53.880> subtract 00:06:54.830 --> 00:06:54.840 align:start position:0% the other is to subtract 00:06:54.840 --> 00:06:57.529 align:start position:0% the other is to subtract standing<00:06:55.680> in<00:06:55.800> front<00:06:55.979> of<00:06:56.100> the<00:06:56.160> fork<00:06:56.580> I 00:06:57.529 --> 00:06:57.539 align:start position:0% standing in front of the fork I 00:06:57.539 --> 00:07:00.469 align:start position:0% standing in front of the fork I intuitively<00:06:58.259> felt<00:06:59.100> following<00:06:59.819> the<00:07:00.000> past<00:07:00.180> two 00:07:00.469 --> 00:07:00.479 align:start position:0% intuitively felt following the past two 00:07:00.479 --> 00:07:03.170 align:start position:0% intuitively felt following the past two hours<00:07:00.600> long<00:07:01.080> and<00:07:01.380> decided<00:07:01.860> to<00:07:01.979> go<00:07:02.280> to<00:07:03.000> the 00:07:03.170 --> 00:07:03.180 align:start position:0% hours long and decided to go to the 00:07:03.180 --> 00:07:04.969 align:start position:0% hours long and decided to go to the other<00:07:03.360> way 00:07:04.969 --> 00:07:04.979 align:start position:0% other way 00:07:04.979 --> 00:07:07.490 align:start position:0% other way from<00:07:05.520> there<00:07:05.699> subtraction<00:07:06.419> became<00:07:07.080> My 00:07:07.490 --> 00:07:07.500 align:start position:0% from there subtraction became My 00:07:07.500 --> 00:07:10.189 align:start position:0% from there subtraction became My Philosophy<00:07:07.979> to<00:07:08.340> build<00:07:08.520> our<00:07:08.940> team<00:07:09.180> and<00:07:09.840> like<00:07:10.020> I 00:07:10.189 --> 00:07:10.199 align:start position:0% Philosophy to build our team and like I 00:07:10.199 --> 00:07:10.969 align:start position:0% Philosophy to build our team and like I said 00:07:10.969 --> 00:07:10.979 align:start position:0% said 00:07:10.979 --> 00:07:13.249 align:start position:0% said it<00:07:11.460> has<00:07:11.699> also<00:07:11.940> become<00:07:12.240> our<00:07:12.600> underlying 00:07:13.249 --> 00:07:13.259 align:start position:0% it has also become our underlying 00:07:13.259 --> 00:07:15.650 align:start position:0% it has also become our underlying strategy<00:07:13.740> to<00:07:14.160> achieve<00:07:14.520> our<00:07:14.699> mission<00:07:14.940> the 00:07:15.650 --> 00:07:15.660 align:start position:0% strategy to achieve our mission the 00:07:15.660 --> 00:07:17.150 align:start position:0% strategy to achieve our mission the mission<00:07:15.900> to<00:07:16.259> support<00:07:16.440> the<00:07:16.800> ethereum 00:07:17.150 --> 00:07:17.160 align:start position:0% mission to support the ethereum 00:07:17.160 --> 00:07:18.230 align:start position:0% mission to support the ethereum ecosystem 00:07:18.230 --> 00:07:18.240 align:start position:0% ecosystem 00:07:18.240 --> 00:07:20.570 align:start position:0% ecosystem the<00:07:18.600> infinite<00:07:19.020> Garden<00:07:19.199> to<00:07:20.099> support<00:07:20.340> the 00:07:20.570 --> 00:07:20.580 align:start position:0% the infinite Garden to support the 00:07:20.580 --> 00:07:23.689 align:start position:0% the infinite Garden to support the extreme<00:07:21.440> entire<00:07:22.440> ethereum<00:07:22.860> ecosystem<00:07:23.220> as<00:07:23.520> a 00:07:23.689 --> 00:07:23.699 align:start position:0% extreme entire ethereum ecosystem as a 00:07:23.699 --> 00:07:26.990 align:start position:0% extreme entire ethereum ecosystem as a whole<00:07:23.840> not<00:07:24.840> just<00:07:25.020> specific<00:07:25.500> projects 00:07:26.990 --> 00:07:27.000 align:start position:0% whole not just specific projects 00:07:27.000 --> 00:07:30.290 align:start position:0% whole not just specific projects with<00:07:27.599> subtraction<00:07:28.139> EF<00:07:28.620> shifted<00:07:29.099> its<00:07:29.340> all<00:07:29.520> to 00:07:30.290 --> 00:07:30.300 align:start position:0% with subtraction EF shifted its all to 00:07:30.300 --> 00:07:32.390 align:start position:0% with subtraction EF shifted its all to support<00:07:30.479> the<00:07:30.780> entire<00:07:31.080> ecosystem<00:07:31.500> which<00:07:32.039> led 00:07:32.390 --> 00:07:32.400 align:start position:0% support the entire ecosystem which led 00:07:32.400 --> 00:07:36.110 align:start position:0% support the entire ecosystem which led to<00:07:32.580> the<00:07:33.360> ecosystem<00:07:34.199> Support<00:07:34.620> Program<00:07:34.919> ESP 00:07:36.110 --> 00:07:36.120 align:start position:0% to the ecosystem Support Program ESP 00:07:36.120 --> 00:07:38.809 align:start position:0% to the ecosystem Support Program ESP and<00:07:36.539> the<00:07:36.660> other<00:07:36.780> Grant<00:07:37.199> work<00:07:37.380> we<00:07:38.099> prioritize 00:07:38.809 --> 00:07:38.819 align:start position:0% and the other Grant work we prioritize 00:07:38.819 --> 00:07:41.689 align:start position:0% and the other Grant work we prioritize boosting<00:07:39.620> external<00:07:40.620> groups<00:07:41.039> as<00:07:41.220> much<00:07:41.400> as<00:07:41.520> we 00:07:41.689 --> 00:07:41.699 align:start position:0% boosting external groups as much as we 00:07:41.699 --> 00:07:42.409 align:start position:0% boosting external groups as much as we can 00:07:42.409 --> 00:07:42.419 align:start position:0% can 00:07:42.419 --> 00:07:46.129 align:start position:0% can it's<00:07:42.720> also<00:07:43.199> led<00:07:43.500> to<00:07:43.740> third-party<00:07:44.699> allocations 00:07:46.129 --> 00:07:46.139 align:start position:0% it's also led to third-party allocations 00:07:46.139 --> 00:07:49.370 align:start position:0% it's also led to third-party allocations to<00:07:46.560> empower<00:07:46.979> other<00:07:47.280> organizations<00:07:48.000> to<00:07:48.720> give 00:07:49.370 --> 00:07:49.380 align:start position:0% to empower other organizations to give 00:07:49.380 --> 00:07:51.230 align:start position:0% to empower other organizations to give grants<00:07:49.860> like<00:07:50.220> us 00:07:51.230 --> 00:07:51.240 align:start position:0% grants like us 00:07:51.240 --> 00:07:54.409 align:start position:0% grants like us Bitcoin<00:07:52.199> CLR<00:07:52.919> fund<00:07:53.280> political<00:07:53.880> political 00:07:54.409 --> 00:07:54.419 align:start position:0% Bitcoin CLR fund political political 00:07:54.419 --> 00:07:57.950 align:start position:0% Bitcoin CLR fund political political monologue<00:07:55.380> for<00:07:55.680> example 00:07:57.950 --> 00:07:57.960 align:start position:0% 00:07:57.960 --> 00:08:02.270 align:start position:0% and<00:07:59.099> it<00:07:59.699> is<00:07:59.880> always<00:08:00.180> important<00:08:00.780> to<00:08:01.259> go<00:08:01.919> back<00:08:02.099> to 00:08:02.270 --> 00:08:02.280 align:start position:0% and it is always important to go back to 00:08:02.280 --> 00:08:04.550 align:start position:0% and it is always important to go back to why<00:08:02.460> why<00:08:03.120> do<00:08:03.419> we<00:08:03.539> subtract 00:08:04.550 --> 00:08:04.560 align:start position:0% why why do we subtract 00:08:04.560 --> 00:08:06.710 align:start position:0% why why do we subtract the<00:08:05.099> ultimate<00:08:05.400> reason<00:08:05.699> is<00:08:06.120> like<00:08:06.300> I<00:08:06.539> said 00:08:06.710 --> 00:08:06.720 align:start position:0% the ultimate reason is like I said 00:08:06.720 --> 00:08:10.969 align:start position:0% the ultimate reason is like I said because<00:08:07.500> subtraction<00:08:08.220> is<00:08:08.759> best<00:08:09.060> for<00:08:09.360> ethereum 00:08:10.969 --> 00:08:10.979 align:start position:0% because subtraction is best for ethereum 00:08:10.979 --> 00:08:13.670 align:start position:0% because subtraction is best for ethereum subtraction<00:08:11.639> is<00:08:11.880> best<00:08:12.060> for<00:08:12.300> ethereum<00:08:12.780> and<00:08:13.500> in 00:08:13.670 --> 00:08:13.680 align:start position:0% subtraction is best for ethereum and in 00:08:13.680 --> 00:08:16.129 align:start position:0% subtraction is best for ethereum and in fact<00:08:13.860> I<00:08:14.160> believe<00:08:14.280> it<00:08:14.699> is<00:08:14.819> critical<00:08:15.360> for 00:08:16.129 --> 00:08:16.139 align:start position:0% fact I believe it is critical for 00:08:16.139 --> 00:08:19.010 align:start position:0% fact I believe it is critical for ethernet<00:08:16.680> decentralization 00:08:19.010 --> 00:08:19.020 align:start position:0% ethernet decentralization 00:08:19.020 --> 00:08:21.469 align:start position:0% ethernet decentralization best<00:08:19.560> part<00:08:19.800> of<00:08:19.979> ethereum<00:08:20.340> is<00:08:20.819> that<00:08:21.060> it<00:08:21.300> is 00:08:21.469 --> 00:08:21.479 align:start position:0% best part of ethereum is that it is 00:08:21.479 --> 00:08:23.150 align:start position:0% best part of ethereum is that it is decentralized 00:08:23.150 --> 00:08:23.160 align:start position:0% decentralized 00:08:23.160 --> 00:08:25.610 align:start position:0% decentralized and<00:08:23.639> because<00:08:23.759> of<00:08:24.060> this<00:08:24.240> the<00:08:24.720> ecosystem<00:08:25.139> has 00:08:25.610 --> 00:08:25.620 align:start position:0% and because of this the ecosystem has 00:08:25.620 --> 00:08:27.950 align:start position:0% and because of this the ecosystem has unique<00:08:25.979> challenges<00:08:26.520> and<00:08:27.000> I<00:08:27.180> see<00:08:27.360> subtraction 00:08:27.950 --> 00:08:27.960 align:start position:0% unique challenges and I see subtraction 00:08:27.960 --> 00:08:31.369 align:start position:0% unique challenges and I see subtraction as<00:08:28.379> a<00:08:28.620> strategy<00:08:29.099> to<00:08:29.940> achieve<00:08:30.419> two<00:08:30.720> main<00:08:30.900> goals 00:08:31.369 --> 00:08:31.379 align:start position:0% as a strategy to achieve two main goals 00:08:31.379 --> 00:08:34.610 align:start position:0% as a strategy to achieve two main goals the<00:08:32.219> goals<00:08:32.580> that<00:08:32.760> are<00:08:32.940> important<00:08:33.419> to<00:08:34.200> tackle 00:08:34.610 --> 00:08:34.620 align:start position:0% the goals that are important to tackle 00:08:34.620 --> 00:08:36.230 align:start position:0% the goals that are important to tackle the<00:08:34.800> unique<00:08:35.159> challenges<00:08:35.640> of<00:08:36.120> this 00:08:36.230 --> 00:08:36.240 align:start position:0% the unique challenges of this 00:08:36.240 --> 00:08:38.630 align:start position:0% the unique challenges of this decentralized<00:08:36.839> ecosystem<00:08:37.380> and<00:08:38.039> here<00:08:38.279> are<00:08:38.459> two 00:08:38.630 --> 00:08:38.640 align:start position:0% decentralized ecosystem and here are two 00:08:38.640 --> 00:08:39.829 align:start position:0% decentralized ecosystem and here are two goals 00:08:39.829 --> 00:08:39.839 align:start position:0% goals 00:08:39.839 --> 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align:start position:0% and solving all the problems ourselves might<00:08:51.240> have<00:08:51.480> made<00:08:51.779> ourselves<00:08:52.320> look<00:08:52.680> good<00:08:52.920> for 00:08:53.210 --> 00:08:53.220 align:start position:0% might have made ourselves look good for 00:08:53.220 --> 00:08:54.530 align:start position:0% might have made ourselves look good for the<00:08:53.399> short<00:08:53.580> run 00:08:54.530 --> 00:08:54.540 align:start position:0% the short run 00:08:54.540 --> 00:08:56.990 align:start position:0% the short run but<00:08:54.959> that<00:08:55.140> would<00:08:55.320> have<00:08:55.620> discouraged<00:08:56.580> others 00:08:56.990 --> 00:08:57.000 align:start position:0% but that would have discouraged others 00:08:57.000 --> 00:08:59.930 align:start position:0% but that would have discouraged others to<00:08:57.240> feel<00:08:57.480> that<00:08:58.140> this<00:08:58.500> ecosystem<00:08:59.040> is<00:08:59.700> for 00:08:59.930 --> 00:08:59.940 align:start position:0% to feel that this ecosystem is for 00:08:59.940 --> 00:09:02.449 align:start position:0% to feel that this ecosystem is for everyone<00:09:00.180> to<00:09:00.600> build<00:09:00.779> and<00:09:01.500> the<00:09:01.680> EF<00:09:01.920> could<00:09:02.160> also 00:09:02.449 --> 00:09:02.459 align:start position:0% everyone to build and the EF could also 00:09:02.459 --> 00:09:05.690 align:start position:0% everyone to build and the EF could also have<00:09:02.700> become<00:09:03.120> one<00:09:03.720> single<00:09:04.080> point<00:09:04.200> of<00:09:04.440> failure 00:09:05.690 --> 00:09:05.700 align:start position:0% have become one single point of failure 00:09:05.700 --> 00:09:09.170 align:start position:0% have become one single point of failure if<00:09:06.360> we<00:09:06.540> kept<00:09:06.899> adding<00:09:07.320> the<00:09:07.860> ecosystem<00:09:08.220> rely<00:09:09.000> on 00:09:09.170 --> 00:09:09.180 align:start position:0% if we kept adding the ecosystem rely on 00:09:09.180 --> 00:09:11.990 align:start position:0% if we kept adding the ecosystem rely on their<00:09:09.480> forever<00:09:10.500> and<00:09:11.040> it<00:09:11.220> is<00:09:11.339> not<00:09:11.640> just<00:09:11.760> about 00:09:11.990 --> 00:09:12.000 align:start position:0% their forever and it is not just about 00:09:12.000 --> 00:09:15.710 align:start position:0% their forever and it is not just about also<00:09:12.540> EF<00:09:13.220> uh<00:09:14.220> gaps<00:09:14.640> and<00:09:14.760> imbalances<00:09:15.360> happen 00:09:15.710 --> 00:09:15.720 align:start position:0% also EF uh gaps and imbalances happen 00:09:15.720 --> 00:09:17.810 align:start position:0% also EF uh gaps and imbalances happen naturally<00:09:16.260> in<00:09:16.740> the<00:09:16.860> decentralized<00:09:17.399> ecosystem 00:09:17.810 --> 00:09:17.820 align:start position:0% naturally in the decentralized ecosystem 00:09:17.820 --> 00:09:20.150 align:start position:0% naturally in the decentralized ecosystem and<00:09:18.480> especially<00:09:18.839> when<00:09:19.140> everyone<00:09:19.440> is<00:09:19.920> trying 00:09:20.150 --> 00:09:20.160 align:start position:0% and especially when everyone is trying 00:09:20.160 --> 00:09:22.009 align:start position:0% and especially when everyone is trying to<00:09:20.339> add 00:09:22.009 --> 00:09:22.019 align:start position:0% to add 00:09:22.019 --> 00:09:25.250 align:start position:0% to add second<00:09:22.560> goal<00:09:23.100> is<00:09:23.339> to<00:09:23.580> subtract<00:09:24.060> to<00:09:24.360> focus<00:09:24.779> on 00:09:25.250 --> 00:09:25.260 align:start position:0% second goal is to subtract to focus on 00:09:25.260 --> 00:09:27.170 align:start position:0% second goal is to subtract to focus on what<00:09:25.560> is<00:09:25.740> most<00:09:25.920> important 00:09:27.170 --> 00:09:27.180 align:start position:0% what is most important 00:09:27.180 --> 00:09:29.389 align:start position:0% what is most important ethereum<00:09:27.899> has<00:09:28.140> become<00:09:28.560> the<00:09:29.100> largest 00:09:29.389 --> 00:09:29.399 align:start position:0% ethereum has become the largest 00:09:29.399 --> 00:09:32.150 align:start position:0% ethereum has become the largest community<00:09:29.760> in<00:09:30.420> the<00:09:30.540> blockchain<00:09:30.959> industry<00:09:31.500> and 00:09:32.150 --> 00:09:32.160 align:start position:0% community in the blockchain industry and 00:09:32.160 --> 00:09:34.009 align:start position:0% community in the blockchain industry and it<00:09:32.279> is<00:09:32.459> becoming<00:09:32.940> one<00:09:33.240> of<00:09:33.300> the<00:09:33.420> largest<00:09:33.600> open 00:09:34.009 --> 00:09:34.019 align:start position:0% it is becoming one of the largest open 00:09:34.019 --> 00:09:36.769 align:start position:0% it is becoming one of the largest open source<00:09:34.500> communities<00:09:34.940> there<00:09:35.940> are<00:09:36.120> just<00:09:36.420> too 00:09:36.769 --> 00:09:36.779 align:start position:0% source communities there are just too 00:09:36.779 --> 00:09:39.710 align:start position:0% source communities there are just too many<00:09:36.959> things<00:09:37.380> and<00:09:37.740> improvements<00:09:38.519> to<00:09:38.700> make 00:09:39.710 --> 00:09:39.720 align:start position:0% many things and improvements to make 00:09:39.720 --> 00:09:43.730 align:start position:0% many things and improvements to make we<00:09:40.320> need<00:09:40.500> to<00:09:40.740> focus<00:09:41.040> on<00:09:41.339> things<00:09:41.640> that<00:09:42.600> only<00:09:42.959> EF 00:09:43.730 --> 00:09:43.740 align:start position:0% we need to focus on things that only EF 00:09:43.740 --> 00:09:46.130 align:start position:0% we need to focus on things that only EF can<00:09:44.100> do<00:09:44.279> and<00:09:44.940> the<00:09:45.180> things<00:09:45.360> that<00:09:45.720> others 00:09:46.130 --> 00:09:46.140 align:start position:0% can do and the things that others 00:09:46.140 --> 00:09:49.690 align:start position:0% can do and the things that others wouldn't<00:09:46.320> do<00:09:46.680> and<00:09:47.399> that<00:09:47.580> are<00:09:47.700> also<00:09:47.940> important 00:09:49.690 --> 00:09:49.700 align:start position:0% wouldn't do and that are also important 00:09:49.700 --> 00:09:53.449 align:start position:0% wouldn't do and that are also important and<00:09:50.700> I<00:09:51.180> like<00:09:51.360> keep<00:09:51.720> asking<00:09:52.140> whys<00:09:52.620> and<00:09:52.860> why<00:09:53.339> do 00:09:53.449 --> 00:09:53.459 align:start position:0% and I like keep asking whys and why do 00:09:53.459 --> 00:09:55.370 align:start position:0% and I like keep asking whys and why do we<00:09:53.640> think<00:09:53.940> subtraction<00:09:54.540> is<00:09:54.899> best<00:09:55.140> for 00:09:55.370 --> 00:09:55.380 align:start position:0% we think subtraction is best for 00:09:55.380 --> 00:09:57.350 align:start position:0% we think subtraction is best for ethereum 00:09:57.350 --> 00:09:57.360 align:start position:0% ethereum 00:09:57.360 --> 00:09:59.990 align:start position:0% ethereum at<00:09:58.019> the<00:09:58.140> end<00:09:58.260> of<00:09:58.440> the<00:09:58.560> day<00:09:58.740> we<00:09:59.519> believe<00:09:59.700> in 00:09:59.990 --> 00:10:00.000 align:start position:0% at the end of the day we believe in 00:10:00.000 --> 00:10:02.690 align:start position:0% at the end of the day we believe in ethereum<00:10:00.540> We<00:10:01.320> Believe<00:10:01.560> ethereum<00:10:02.220> can<00:10:02.459> change 00:10:02.690 --> 00:10:02.700 align:start position:0% ethereum We Believe ethereum can change 00:10:02.700 --> 00:10:04.970 align:start position:0% ethereum We Believe ethereum can change the<00:10:03.000> world<00:10:03.120> we<00:10:04.019> believe<00:10:04.260> ethereum's 00:10:04.970 --> 00:10:04.980 align:start position:0% the world we believe ethereum's 00:10:04.980 --> 00:10:07.490 align:start position:0% the world we believe ethereum's potential<00:10:05.459> is<00:10:06.120> too<00:10:06.480> great 00:10:07.490 --> 00:10:07.500 align:start position:0% potential is too great 00:10:07.500 --> 00:10:10.250 align:start position:0% potential is too great to<00:10:08.040> be<00:10:08.160> predicted<00:10:08.700> we<00:10:09.240> believe<00:10:09.480> ethereum's 00:10:10.250 --> 00:10:10.260 align:start position:0% to be predicted we believe ethereum's 00:10:10.260 --> 00:10:12.829 align:start position:0% to be predicted we believe ethereum's potential<00:10:10.740> is<00:10:11.160> too<00:10:11.399> great 00:10:12.829 --> 00:10:12.839 align:start position:0% potential is too great 00:10:12.839 --> 00:10:24.009 align:start position:0% potential is too great for<00:10:13.440> any<00:10:13.800> single<00:10:14.279> organization<00:10:14.940> to<00:10:15.540> own 00:10:24.009 --> 00:10:24.019 align:start position:0% 00:10:24.019 --> 00:10:27.110 align:start position:0% so<00:10:25.019> there<00:10:25.740> are<00:10:25.860> many<00:10:25.980> examples<00:10:26.399> but<00:10:26.760> I'd<00:10:26.940> like 00:10:27.110 --> 00:10:27.120 align:start position:0% so there are many examples but I'd like 00:10:27.120 --> 00:10:30.230 align:start position:0% so there are many examples but I'd like to<00:10:27.300> share<00:10:27.600> a<00:10:27.899> few<00:10:28.019> of<00:10:28.320> how<00:10:28.920> EF<00:10:29.339> executed<00:10:29.880> with 00:10:30.230 --> 00:10:30.240 align:start position:0% to share a few of how EF executed with 00:10:30.240 --> 00:10:33.050 align:start position:0% to share a few of how EF executed with subtraction<00:10:30.720> today<00:10:31.200> and<00:10:32.160> keep<00:10:32.399> in<00:10:32.580> mind<00:10:32.700> the 00:10:33.050 --> 00:10:33.060 align:start position:0% subtraction today and keep in mind the 00:10:33.060 --> 00:10:35.329 align:start position:0% subtraction today and keep in mind the whys<00:10:33.360> that<00:10:33.540> I<00:10:33.660> just<00:10:33.779> explained<00:10:34.260> balance<00:10:35.100> and 00:10:35.329 --> 00:10:35.339 align:start position:0% whys that I just explained balance and 00:10:35.339 --> 00:10:37.730 align:start position:0% whys that I just explained balance and focus 00:10:37.730 --> 00:10:37.740 align:start position:0% focus 00:10:37.740 --> 00:10:39.829 align:start position:0% focus um does<00:10:38.100> anyone<00:10:38.519> remember<00:10:38.820> either<00:10:39.360> in<00:10:39.720> the 00:10:39.829 --> 00:10:39.839 align:start position:0% um does anyone remember either in the 00:10:39.839 --> 00:10:44.269 align:start position:0% um does anyone remember either in the old<00:10:40.019> website<00:10:40.680> in<00:10:41.399> 2018<00:10:41.580> or<00:10:42.420> are<00:10:43.080> you<00:10:43.320> not<00:10:43.440> that 00:10:44.269 --> 00:10:44.279 align:start position:0% old website in 2018 or are you not that 00:10:44.279 --> 00:10:47.710 align:start position:0% old website in 2018 or are you not that um I<00:10:44.880> got<00:10:45.060> this<00:10:45.300> thanks<00:10:45.660> to<00:10:45.899> internet<00:10:46.200> archive 00:10:47.710 --> 00:10:47.720 align:start position:0% um I got this thanks to internet archive 00:10:47.720 --> 00:10:50.090 align:start position:0% um I got this thanks to internet archive so<00:10:48.720> the<00:10:48.899> website<00:10:49.260> used<00:10:49.440> to<00:10:49.560> be<00:10:49.620> about<00:10:49.800> the 00:10:50.090 --> 00:10:50.100 align:start position:0% so the website used to be about the 00:10:50.100 --> 00:10:52.490 align:start position:0% so the website used to be about the project<00:10:50.279> within<00:10:50.760> the<00:10:50.880> year<00:10:51.060> for<00:10:51.779> example<00:10:52.019> it 00:10:52.490 --> 00:10:52.500 align:start position:0% project within the year for example it 00:10:52.500 --> 00:10:55.430 align:start position:0% project within the year for example it suggested<00:10:53.040> you<00:10:53.279> to<00:10:53.519> download<00:10:53.820> a<00:10:54.360> wallet<00:10:54.720> that 00:10:55.430 --> 00:10:55.440 align:start position:0% suggested you to download a wallet that 00:10:55.440 --> 00:10:57.710 align:start position:0% suggested you to download a wallet that A<00:10:55.620> Team<00:10:55.800> India<00:10:56.279> was<00:10:56.579> building 00:10:57.710 --> 00:10:57.720 align:start position:0% A Team India was building 00:10:57.720 --> 00:10:59.870 align:start position:0% A Team India was building and<00:10:58.200> all<00:10:58.380> the<00:10:58.560> guidance<00:10:58.920> and<00:10:59.160> instructions 00:10:59.870 --> 00:10:59.880 align:start position:0% and all the guidance and instructions 00:10:59.880 --> 00:11:02.870 align:start position:0% and all the guidance and instructions were<00:11:00.240> made<00:11:00.540> by<00:11:00.779> the<00:11:00.959> EF<00:11:01.320> people 00:11:02.870 --> 00:11:02.880 align:start position:0% were made by the EF people 00:11:02.880 --> 00:11:05.810 align:start position:0% were made by the EF people in<00:11:03.420> the<00:11:03.540> bottom<00:11:03.839> it<00:11:04.260> also<00:11:04.500> showed<00:11:04.920> how<00:11:05.279> EF<00:11:05.640> is 00:11:05.810 --> 00:11:05.820 align:start position:0% in the bottom it also showed how EF is 00:11:05.820 --> 00:11:07.069 align:start position:0% in the bottom it also showed how EF is the<00:11:05.940> main<00:11:06.060> team 00:11:07.069 --> 00:11:07.079 align:start position:0% the main team 00:11:07.079 --> 00:11:09.829 align:start position:0% the main team so<00:11:07.620> restructuring<00:11:08.579> and<00:11:08.820> redesigning<00:11:09.600> this 00:11:09.829 --> 00:11:09.839 align:start position:0% so restructuring and redesigning this 00:11:09.839 --> 00:11:13.130 align:start position:0% so restructuring and redesigning this website<00:11:10.279> ethernet.org<00:11:11.279> started<00:11:12.000> in<00:11:12.120> 2018<00:11:12.420> it 00:11:13.130 --> 00:11:13.140 align:start position:0% website ethernet.org started in 2018 it 00:11:13.140 --> 00:11:16.550 align:start position:0% website ethernet.org started in 2018 it took<00:11:13.440> a<00:11:13.500> while<00:11:13.680> to<00:11:13.980> prepare<00:11:14.540> but<00:11:15.540> the<00:11:15.899> idea<00:11:16.200> is 00:11:16.550 --> 00:11:16.560 align:start position:0% took a while to prepare but the idea is 00:11:16.560 --> 00:11:19.490 align:start position:0% took a while to prepare but the idea is to<00:11:16.740> separate<00:11:17.540> ethereum.org<00:11:18.540> as<00:11:18.839> public<00:11:19.200> good 00:11:19.490 --> 00:11:19.500 align:start position:0% to separate ethereum.org as public good 00:11:19.500 --> 00:11:23.329 align:start position:0% to separate ethereum.org as public good of<00:11:19.860> e3m<00:11:20.600> and<00:11:21.600> it<00:11:22.019> is<00:11:22.140> about<00:11:22.320> ethereum<00:11:23.040> in<00:11:23.220> the 00:11:23.329 --> 00:11:23.339 align:start position:0% of e3m and it is about ethereum in the 00:11:23.339 --> 00:11:26.150 align:start position:0% of e3m and it is about ethereum in the community<00:11:23.519> is<00:11:24.420> and<00:11:24.899> not<00:11:25.200> about<00:11:25.380> the<00:11:25.680> ethernet 00:11:26.150 --> 00:11:26.160 align:start position:0% community is and not about the ethernet 00:11:26.160 --> 00:11:27.889 align:start position:0% community is and not about the ethernet Foundation 00:11:27.889 --> 00:11:27.899 align:start position:0% Foundation 00:11:27.899 --> 00:11:30.590 align:start position:0% Foundation now<00:11:28.620> you<00:11:28.980> have<00:11:29.220> still<00:11:29.459> support<00:11:29.760> the<00:11:30.180> server 00:11:30.590 --> 00:11:30.600 align:start position:0% now you have still support the server 00:11:30.600 --> 00:11:32.810 align:start position:0% now you have still support the server and<00:11:31.019> the<00:11:31.200> team<00:11:31.380> who<00:11:31.620> are<00:11:31.800> building<00:11:31.980> it<00:11:32.220> but<00:11:32.459> the 00:11:32.810 --> 00:11:32.820 align:start position:0% and the team who are building it but the 00:11:32.820 --> 00:11:35.750 align:start position:0% and the team who are building it but the content<00:11:33.240> and<00:11:33.600> process<00:11:33.959> is<00:11:34.680> all<00:11:34.920> open<00:11:35.160> source 00:11:35.750 --> 00:11:35.760 align:start position:0% content and process is all open source 00:11:35.760 --> 00:11:38.690 align:start position:0% content and process is all open source and<00:11:36.420> made<00:11:36.660> by<00:11:36.899> Community<00:11:37.140> people's<00:11:37.920> proposals 00:11:38.690 --> 00:11:38.700 align:start position:0% and made by Community people's proposals 00:11:38.700 --> 00:11:41.750 align:start position:0% and made by Community people's proposals they<00:11:39.360> are<00:11:39.540> roughly<00:11:39.839> about<00:11:40.200> 950<00:11:41.160> active 00:11:41.750 --> 00:11:41.760 align:start position:0% they are roughly about 950 active 00:11:41.760 --> 00:11:44.810 align:start position:0% they are roughly about 950 active contributors<00:11:42.540> for<00:11:43.019> the<00:11:43.680> content<00:11:43.980> I<00:11:44.339> hope<00:11:44.519> they 00:11:44.810 --> 00:11:44.820 align:start position:0% contributors for the content I hope they 00:11:44.820 --> 00:11:46.850 align:start position:0% contributors for the content I hope they are<00:11:45.000> here<00:11:45.300> today 00:11:46.850 --> 00:11:46.860 align:start position:0% are here today 00:11:46.860 --> 00:11:51.889 align:start position:0% are here today thank<00:11:47.519> you 00:11:51.889 --> 00:11:51.899 align:start position:0% 00:11:51.899 --> 00:11:55.009 align:start position:0% and<00:11:52.620> another<00:11:53.519> example<00:11:54.120> of<00:11:54.420> balance<00:11:54.779> is 00:11:55.009 --> 00:11:55.019 align:start position:0% and another example of balance is 00:11:55.019 --> 00:11:56.690 align:start position:0% and another example of balance is regional<00:11:55.560> diversity 00:11:56.690 --> 00:11:56.700 align:start position:0% regional diversity 00:11:56.700 --> 00:11:59.210 align:start position:0% regional diversity ethereum<00:11:57.540> is<00:11:57.779> still<00:11:58.200> Western<00:11:58.500> oriented 00:11:59.210 --> 00:11:59.220 align:start position:0% ethereum is still Western oriented 00:11:59.220 --> 00:12:01.430 align:start position:0% ethereum is still Western oriented unfortunately<00:12:00.000> and<00:12:00.540> the<00:12:00.660> more<00:12:00.839> important 00:12:01.430 --> 00:12:01.440 align:start position:0% unfortunately and the more important 00:12:01.440 --> 00:12:03.350 align:start position:0% unfortunately and the more important information<00:12:01.980> is<00:12:02.459> out<00:12:02.760> there<00:12:02.940> in<00:12:03.120> English 00:12:03.350 --> 00:12:03.360 align:start position:0% information is out there in English 00:12:03.360 --> 00:12:05.810 align:start position:0% information is out there in English English<00:12:03.740> and<00:12:04.740> more<00:12:04.980> communities<00:12:05.459> have 00:12:05.810 --> 00:12:05.820 align:start position:0% English and more communities have 00:12:05.820 --> 00:12:07.750 align:start position:0% English and more communities have developed<00:12:06.360> in<00:12:06.600> English-speaking<00:12:07.320> countries 00:12:07.750 --> 00:12:07.760 align:start position:0% developed in English-speaking countries 00:12:07.760 --> 00:12:11.030 align:start position:0% developed in English-speaking countries despite<00:12:08.760> the<00:12:09.000> fact<00:12:09.180> that<00:12:09.600> there<00:12:09.899> are<00:12:10.200> a<00:12:10.740> lot<00:12:10.860> of 00:12:11.030 --> 00:12:11.040 align:start position:0% despite the fact that there are a lot of 00:12:11.040 --> 00:12:13.430 align:start position:0% despite the fact that there are a lot of opportunities<00:12:11.579> in<00:12:12.240> places<00:12:12.480> like<00:12:12.899> Latin 00:12:13.430 --> 00:12:13.440 align:start position:0% opportunities in places like Latin 00:12:13.440 --> 00:12:16.730 align:start position:0% opportunities in places like Latin America<00:12:13.620> or<00:12:14.279> Asia<00:12:14.760> for<00:12:15.240> example<00:12:15.480> this<00:12:16.380> is<00:12:16.500> why 00:12:16.730 --> 00:12:16.740 align:start position:0% America or Asia for example this is why 00:12:16.740 --> 00:12:18.350 align:start position:0% America or Asia for example this is why we<00:12:16.980> chose<00:12:17.160> bhagra 00:12:18.350 --> 00:12:18.360 align:start position:0% we chose bhagra 00:12:18.360 --> 00:12:21.110 align:start position:0% we chose bhagra and<00:12:18.899> Latin<00:12:19.260> America<00:12:19.380> for<00:12:19.740> Devcon<00:12:20.160> and<00:12:20.940> have 00:12:21.110 --> 00:12:21.120 align:start position:0% and Latin America for Devcon and have 00:12:21.120 --> 00:12:23.509 align:start position:0% and Latin America for Devcon and have been<00:12:21.300> supporting<00:12:21.779> teams<00:12:22.079> and<00:12:22.260> individuals<00:12:22.920> in 00:12:23.509 --> 00:12:23.519 align:start position:0% been supporting teams and individuals in 00:12:23.519 --> 00:12:25.670 align:start position:0% been supporting teams and individuals in the<00:12:23.640> in<00:12:23.880> the<00:12:24.120> region<00:12:24.420> for<00:12:24.959> them<00:12:25.140> to<00:12:25.500> build 00:12:25.670 --> 00:12:25.680 align:start position:0% the in the region for them to build 00:12:25.680 --> 00:12:28.069 align:start position:0% the in the region for them to build their<00:12:26.040> own<00:12:26.160> communities<00:12:26.640> through<00:12:27.480> education 00:12:28.069 --> 00:12:28.079 align:start position:0% their own communities through education 00:12:28.079 --> 00:12:30.769 align:start position:0% their own communities through education and<00:12:28.500> events<00:12:28.920> and<00:12:29.220> other<00:12:29.459> activities 00:12:30.769 --> 00:12:30.779 align:start position:0% and events and other activities 00:12:30.779 --> 00:12:33.170 align:start position:0% and events and other activities the<00:12:31.260> next<00:12:31.380> billion<00:12:31.800> initiative<00:12:32.220> is<00:12:32.459> also<00:12:32.880> for 00:12:33.170 --> 00:12:33.180 align:start position:0% the next billion initiative is also for 00:12:33.180 --> 00:12:35.569 align:start position:0% the next billion initiative is also for the<00:12:33.480> balance<00:12:33.839> seeking<00:12:34.279> two-thirds<00:12:35.279> of<00:12:35.399> the 00:12:35.569 --> 00:12:35.579 align:start position:0% the balance seeking two-thirds of the 00:12:35.579 --> 00:12:37.910 align:start position:0% the balance seeking two-thirds of the baby<00:12:35.820> is<00:12:36.060> born<00:12:36.300> today<00:12:36.660> are<00:12:37.079> from<00:12:37.320> developing 00:12:37.910 --> 00:12:37.920 align:start position:0% baby is born today are from developing 00:12:37.920 --> 00:12:39.949 align:start position:0% baby is born today are from developing or<00:12:38.279> emerging<00:12:38.760> economies 00:12:39.949 --> 00:12:39.959 align:start position:0% or emerging economies 00:12:39.959 --> 00:12:42.829 align:start position:0% or emerging economies there<00:12:40.500> are<00:12:40.740> the<00:12:40.920> next<00:12:41.100> billion<00:12:41.579> users<00:12:42.240> or<00:12:42.600> the 00:12:42.829 --> 00:12:42.839 align:start position:0% there are the next billion users or the 00:12:42.839 --> 00:12:45.290 align:start position:0% there are the next billion users or the Builders<00:12:43.260> of<00:12:43.560> ethereum<00:12:44.160> we<00:12:44.519> must<00:12:44.760> include 00:12:45.290 --> 00:12:45.300 align:start position:0% Builders of ethereum we must include 00:12:45.300 --> 00:12:47.990 align:start position:0% Builders of ethereum we must include them<00:12:45.600> and<00:12:45.839> we<00:12:46.079> have<00:12:46.260> to<00:12:46.380> start<00:12:46.620> now 00:12:47.990 --> 00:12:48.000 align:start position:0% them and we have to start now 00:12:48.000 --> 00:12:52.129 align:start position:0% them and we have to start now we<00:12:48.720> also<00:12:49.019> invited<00:12:49.620> 50<00:12:49.920> Scholars<00:12:50.579> to<00:12:50.700> depcon<00:12:51.240> to 00:12:52.129 --> 00:12:52.139 align:start position:0% we also invited 50 Scholars to depcon to 00:12:52.139 --> 00:12:53.930 align:start position:0% we also invited 50 Scholars to depcon to have<00:12:52.380> potential<00:12:52.860> to<00:12:53.160> be<00:12:53.339> the<00:12:53.519> next<00:12:53.700> change 00:12:53.930 --> 00:12:53.940 align:start position:0% have potential to be the next change 00:12:53.940 --> 00:12:57.230 align:start position:0% have potential to be the next change makers<00:12:54.540> they're<00:12:55.200> also<00:12:55.560> here<00:12:55.800> today 00:12:57.230 --> 00:12:57.240 align:start position:0% makers they're also here today 00:12:57.240 --> 00:13:00.290 align:start position:0% makers they're also here today laughs 00:13:00.290 --> 00:13:00.300 align:start position:0% 00:13:00.300 --> 00:13:03.350 align:start position:0% and<00:13:01.260> going<00:13:01.680> back<00:13:01.920> to<00:13:02.100> ethereum.org<00:13:03.060> the 00:13:03.350 --> 00:13:03.360 align:start position:0% and going back to ethereum.org the 00:13:03.360 --> 00:13:06.410 align:start position:0% and going back to ethereum.org the website<00:13:03.720> now<00:13:04.019> has<00:13:04.380> 48<00:13:05.040> languages<00:13:05.519> that<00:13:06.300> are 00:13:06.410 --> 00:13:06.420 align:start position:0% website now has 48 languages that are 00:13:06.420 --> 00:13:09.410 align:start position:0% website now has 48 languages that are supported<00:13:06.899> by<00:13:07.200> 5<00:13:08.399> 000<00:13:08.459> volunteer<00:13:09.180> community 00:13:09.410 --> 00:13:09.420 align:start position:0% supported by 5 000 volunteer community 00:13:09.420 --> 00:13:12.230 align:start position:0% supported by 5 000 volunteer community members<00:13:10.139> all<00:13:10.620> over<00:13:10.800> the<00:13:11.040> world<00:13:11.220> they<00:13:12.060> are 00:13:12.230 --> 00:13:12.240 align:start position:0% members all over the world they are 00:13:12.240 --> 00:13:14.930 align:start position:0% members all over the world they are translating<00:13:12.660> the<00:13:13.019> content<00:13:13.380> every<00:13:13.860> day<00:13:14.220> thank 00:13:14.930 --> 00:13:14.940 align:start position:0% translating the content every day thank 00:13:14.940 --> 00:13:20.090 align:start position:0% translating the content every day thank you<00:13:15.180> to<00:13:15.779> those<00:13:16.079> people 00:13:20.090 --> 00:13:20.100 align:start position:0% 00:13:20.100 --> 00:13:22.190 align:start position:0% so<00:13:20.700> when<00:13:21.120> we<00:13:21.300> are<00:13:21.420> supporting<00:13:21.779> the<00:13:21.959> project 00:13:22.190 --> 00:13:22.200 align:start position:0% so when we are supporting the project 00:13:22.200 --> 00:13:24.230 align:start position:0% so when we are supporting the project run<00:13:22.680> by<00:13:22.980> a<00:13:23.160> team<00:13:23.339> we're<00:13:23.579> not<00:13:23.760> really<00:13:23.880> looking 00:13:24.230 --> 00:13:24.240 align:start position:0% run by a team we're not really looking 00:13:24.240 --> 00:13:27.230 align:start position:0% run by a team we're not really looking at<00:13:24.540> the<00:13:24.720> gloss<00:13:25.019> of<00:13:25.260> that<00:13:25.440> single<00:13:25.980> team<00:13:26.579> we<00:13:27.120> are 00:13:27.230 --> 00:13:27.240 align:start position:0% at the gloss of that single team we are 00:13:27.240 --> 00:13:29.629 align:start position:0% at the gloss of that single team we are looking<00:13:27.420> at<00:13:27.660> what<00:13:28.139> the<00:13:28.380> glows<00:13:28.860> can<00:13:29.040> do<00:13:29.220> to<00:13:29.459> the 00:13:29.629 --> 00:13:29.639 align:start position:0% looking at what the glows can do to the 00:13:29.639 --> 00:13:31.850 align:start position:0% looking at what the glows can do to the entire<00:13:29.820> ecosystem<00:13:30.360> in<00:13:30.600> the<00:13:30.779> long<00:13:30.899> run<00:13:31.079> we<00:13:31.680> want 00:13:31.850 --> 00:13:31.860 align:start position:0% entire ecosystem in the long run we want 00:13:31.860 --> 00:13:34.910 align:start position:0% entire ecosystem in the long run we want to<00:13:32.040> increase<00:13:32.779> open<00:13:33.779> participation<00:13:34.380> and<00:13:34.740> open 00:13:34.910 --> 00:13:34.920 align:start position:0% to increase open participation and open 00:13:34.920 --> 00:13:37.269 align:start position:0% to increase open participation and open competition<00:13:35.459> because<00:13:36.420> that<00:13:36.839> would<00:13:36.959> benefit 00:13:37.269 --> 00:13:37.279 align:start position:0% competition because that would benefit 00:13:37.279 --> 00:13:41.810 align:start position:0% competition because that would benefit the<00:13:38.279> entire<00:13:39.019> ecosystem<00:13:40.019> for<00:13:40.560> the<00:13:40.680> long<00:13:40.860> run 00:13:41.810 --> 00:13:41.820 align:start position:0% the entire ecosystem for the long run 00:13:41.820 --> 00:13:44.509 align:start position:0% the entire ecosystem for the long run for<00:13:42.420> example<00:13:42.720> the<00:13:43.079> client<00:13:43.320> Community<00:13:43.680> has<00:13:44.339> not 00:13:44.509 --> 00:13:44.519 align:start position:0% for example the client Community has not 00:13:44.519 --> 00:13:47.629 align:start position:0% for example the client Community has not been<00:13:44.760> Diversified<00:13:45.420> enough<00:13:46.320> and<00:13:47.220> even<00:13:47.399> though 00:13:47.629 --> 00:13:47.639 align:start position:0% been Diversified enough and even though 00:13:47.639 --> 00:13:49.790 align:start position:0% been Diversified enough and even though gas<00:13:47.880> is<00:13:48.120> from<00:13:48.360> the<00:13:48.540> yeah<00:13:48.779> the<00:13:49.320> team<00:13:49.380> gets 00:13:49.790 --> 00:13:49.800 align:start position:0% gas is from the yeah the team gets 00:13:49.800 --> 00:13:52.310 align:start position:0% gas is from the yeah the team gets themselves<00:13:50.160> see<00:13:50.459> that<00:13:50.639> is<00:13:50.880> a<00:13:51.060> problem<00:13:51.320> client 00:13:52.310 --> 00:13:52.320 align:start position:0% themselves see that is a problem client 00:13:52.320 --> 00:13:54.949 align:start position:0% themselves see that is a problem client incentive<00:13:52.920> program<00:13:53.579> was<00:13:54.120> announced<00:13:54.480> at<00:13:54.839> the 00:13:54.949 --> 00:13:54.959 align:start position:0% incentive program was announced at the 00:13:54.959 --> 00:13:56.389 align:start position:0% incentive program was announced at the end<00:13:55.079> of<00:13:55.200> last<00:13:55.440> year 00:13:56.389 --> 00:13:56.399 align:start position:0% end of last year 00:13:56.399 --> 00:13:58.370 align:start position:0% end of last year as<00:13:56.760> an<00:13:56.940> effort<00:13:57.240> to<00:13:57.420> incentivize<00:13:58.139> and 00:13:58.370 --> 00:13:58.380 align:start position:0% as an effort to incentivize and 00:13:58.380 --> 00:14:02.590 align:start position:0% as an effort to incentivize and diversify<00:13:59.240> clients<00:14:00.240> each<00:14:01.019> client<00:14:01.320> received 00:14:02.590 --> 00:14:02.600 align:start position:0% diversify clients each client received 00:14:02.600 --> 00:14:07.850 align:start position:0% diversify clients each client received 4608<00:14:03.600> ether<00:14:04.019> to<00:14:04.500> operate<00:14:04.980> on<00:14:05.160> the<00:14:05.279> mainnet 00:14:07.850 --> 00:14:07.860 align:start position:0% 00:14:07.860 --> 00:14:09.710 align:start position:0% there<00:14:08.459> are<00:14:08.579> many<00:14:08.760> things<00:14:09.060> that<00:14:09.360> have<00:14:09.540> been 00:14:09.710 --> 00:14:09.720 align:start position:0% there are many things that have been 00:14:09.720 --> 00:14:12.170 align:start position:0% there are many things that have been born<00:14:10.019> from<00:14:10.380> the<00:14:10.560> year 00:14:12.170 --> 00:14:12.180 align:start position:0% born from the year 00:14:12.180 --> 00:14:12.769 align:start position:0% born from the year um 00:14:12.769 --> 00:14:12.779 align:start position:0% um 00:14:12.779 --> 00:14:15.650 align:start position:0% um the<00:14:13.260> team<00:14:13.560> in<00:14:13.800> ens<00:14:14.399> was<00:14:14.820> the<00:14:15.000> project<00:14:15.240> Nick 00:14:15.650 --> 00:14:15.660 align:start position:0% the team in ens was the project Nick 00:14:15.660 --> 00:14:17.449 align:start position:0% the team in ens was the project Nick Jensen<00:14:16.260> studied<00:14:16.800> at<00:14:16.980> the<00:14:17.160> ethereum 00:14:17.449 --> 00:14:17.459 align:start position:0% Jensen studied at the ethereum 00:14:17.459 --> 00:14:18.350 align:start position:0% Jensen studied at the ethereum foundation 00:14:18.350 --> 00:14:18.360 align:start position:0% foundation 00:14:18.360 --> 00:14:21.530 align:start position:0% foundation we<00:14:18.899> suggested<00:14:19.500> that<00:14:19.860> they<00:14:20.399> graduate<00:14:21.000> from<00:14:21.360> the 00:14:21.530 --> 00:14:21.540 align:start position:0% we suggested that they graduate from the 00:14:21.540 --> 00:14:26.090 align:start position:0% we suggested that they graduate from the Year<00:14:21.660> back<00:14:22.079> in<00:14:22.380> 2018<00:14:22.940> and<00:14:23.940> with<00:14:24.540> the<00:14:24.720> help<00:14:24.899> with 00:14:26.090 --> 00:14:26.100 align:start position:0% Year back in 2018 and with the help with 00:14:26.100 --> 00:14:30.230 align:start position:0% Year back in 2018 and with the help with Virgil<00:14:26.880> who<00:14:27.660> is<00:14:27.839> not<00:14:28.200> here<00:14:28.440> today<00:14:28.760> but<00:14:29.760> they 00:14:30.230 --> 00:14:30.240 align:start position:0% Virgil who is not here today but they 00:14:30.240 --> 00:14:31.910 align:start position:0% Virgil who is not here today but they understood<00:14:30.660> the<00:14:30.899> importance<00:14:31.380> of<00:14:31.740> this 00:14:31.910 --> 00:14:31.920 align:start position:0% understood the importance of this 00:14:31.920 --> 00:14:34.310 align:start position:0% understood the importance of this project<00:14:32.100> becoming<00:14:32.760> independent 00:14:34.310 --> 00:14:34.320 align:start position:0% project becoming independent 00:14:34.320 --> 00:14:36.530 align:start position:0% project becoming independent for<00:14:34.740> the<00:14:34.920> long<00:14:35.100> long<00:14:35.339> run 00:14:36.530 --> 00:14:36.540 align:start position:0% for the long long run 00:14:36.540 --> 00:14:39.050 align:start position:0% for the long long run we<00:14:37.019> supported<00:14:37.440> initial<00:14:37.980> costs<00:14:38.459> and<00:14:38.820> some 00:14:39.050 --> 00:14:39.060 align:start position:0% we supported initial costs and some 00:14:39.060 --> 00:14:41.750 align:start position:0% we supported initial costs and some legal<00:14:39.540> work<00:14:39.720> and<00:14:40.260> now<00:14:40.500> I<00:14:41.100> don't<00:14:41.220> even<00:14:41.399> have<00:14:41.579> to 00:14:41.750 --> 00:14:41.760 align:start position:0% legal work and now I don't even have to 00:14:41.760 --> 00:14:43.370 align:start position:0% legal work and now I don't even have to say<00:14:41.940> they<00:14:42.180> are<00:14:42.360> one<00:14:42.540> of<00:14:42.600> the<00:14:42.779> most<00:14:42.899> successful 00:14:43.370 --> 00:14:43.380 align:start position:0% say they are one of the most successful 00:14:43.380 --> 00:14:46.730 align:start position:0% say they are one of the most successful applications<00:14:43.860> as<00:14:44.639> you<00:14:44.820> all<00:14:45.000> know 00:14:46.730 --> 00:14:46.740 align:start position:0% applications as you all know 00:14:46.740 --> 00:14:50.269 align:start position:0% applications as you all know heart<00:14:47.699> yes<00:14:48.240> yes 00:14:50.269 --> 00:14:50.279 align:start position:0% heart yes yes 00:14:50.279 --> 00:14:53.810 align:start position:0% heart yes yes and 00:14:53.810 --> 00:14:53.820 align:start position:0% 00:14:53.820 --> 00:14:56.030 align:start position:0% you<00:14:54.360> may<00:14:54.480> know<00:14:54.660> heart<00:14:54.959> heart<00:14:55.199> from<00:14:55.560> nomik 00:14:56.030 --> 00:14:56.040 align:start position:0% you may know heart heart from nomik 00:14:56.040 --> 00:14:58.730 align:start position:0% you may know heart heart from nomik they're<00:14:56.940> from<00:14:57.120> Argentina<00:14:57.720> was<00:14:58.260> one<00:14:58.500> of<00:14:58.620> the 00:14:58.730 --> 00:14:58.740 align:start position:0% they're from Argentina was one of the 00:14:58.740 --> 00:15:00.530 align:start position:0% they're from Argentina was one of the major<00:14:58.860> things<00:14:59.160> that<00:14:59.339> you<00:14:59.579> have<00:14:59.699> supported<00:15:00.180> for 00:15:00.530 --> 00:15:00.540 align:start position:0% major things that you have supported for 00:15:00.540 --> 00:15:02.449 align:start position:0% major things that you have supported for the<00:15:00.779> focus<00:15:01.139> on<00:15:01.440> the<00:15:01.560> developer<00:15:02.040> experience 00:15:02.449 --> 00:15:02.459 align:start position:0% the focus on the developer experience 00:15:02.459 --> 00:15:06.110 align:start position:0% the focus on the developer experience which<00:15:03.300> back<00:15:03.660> then<00:15:03.959> was<00:15:04.399> something<00:15:05.399> that<00:15:05.820> only 00:15:06.110 --> 00:15:06.120 align:start position:0% which back then was something that only 00:15:06.120 --> 00:15:09.650 align:start position:0% which back then was something that only F<00:15:06.480> could<00:15:06.720> do<00:15:06.839> and<00:15:07.560> as<00:15:07.800> you<00:15:08.100> know<00:15:08.639> it<00:15:09.060> has<00:15:09.300> become 00:15:09.650 --> 00:15:09.660 align:start position:0% F could do and as you know it has become 00:15:09.660 --> 00:15:12.230 align:start position:0% F could do and as you know it has become also<00:15:10.019> very<00:15:10.260> successful<00:15:10.800> project<00:15:11.120> from<00:15:12.120> there 00:15:12.230 --> 00:15:12.240 align:start position:0% also very successful project from there 00:15:12.240 --> 00:15:14.750 align:start position:0% also very successful project from there nomik<00:15:12.839> decided<00:15:13.320> to<00:15:13.440> become<00:15:13.740> a<00:15:13.980> foundation<00:15:14.339> to 00:15:14.750 --> 00:15:14.760 align:start position:0% nomik decided to become a foundation to 00:15:14.760 --> 00:15:16.850 align:start position:0% nomik decided to become a foundation to be<00:15:14.880> able<00:15:15.180> to<00:15:15.360> support<00:15:15.660> things<00:15:16.139> in<00:15:16.440> the<00:15:16.560> develop 00:15:16.850 --> 00:15:16.860 align:start position:0% be able to support things in the develop 00:15:16.860 --> 00:15:19.370 align:start position:0% be able to support things in the develop devx<00:15:17.519> domain 00:15:19.370 --> 00:15:19.380 align:start position:0% devx domain 00:15:19.380 --> 00:15:23.389 align:start position:0% devx domain and<00:15:20.160> Derek<00:15:20.639> spark<00:15:20.940> who<00:15:21.779> is<00:15:22.079> uh<00:15:22.560> the<00:15:22.860> team<00:15:23.040> that 00:15:23.389 --> 00:15:23.399 align:start position:0% and Derek spark who is uh the team that 00:15:23.399 --> 00:15:25.310 align:start position:0% and Derek spark who is uh the team that we<00:15:23.579> also<00:15:23.820> support<00:15:24.000> is<00:15:24.420> been<00:15:24.899> doing<00:15:25.079> the 00:15:25.310 --> 00:15:25.320 align:start position:0% we also support is been doing the 00:15:25.320 --> 00:15:28.670 align:start position:0% we also support is been doing the research<00:15:25.800> and<00:15:26.100> uh<00:15:26.820> sorry<00:15:27.720> research<00:15:28.500> of 00:15:28.670 --> 00:15:28.680 align:start position:0% research and uh sorry research of 00:15:28.680 --> 00:15:30.530 align:start position:0% research and uh sorry research of general<00:15:28.980> knowledge<00:15:29.339> Booth 00:15:30.530 --> 00:15:30.540 align:start position:0% general knowledge Booth 00:15:30.540 --> 00:15:32.210 align:start position:0% general knowledge Booth um and<00:15:30.779> also<00:15:31.079> like<00:15:31.500> support<00:15:31.980> the 00:15:32.210 --> 00:15:32.220 align:start position:0% um and also like support the 00:15:32.220 --> 00:15:34.009 align:start position:0% um and also like support the applications<00:15:32.699> of<00:15:32.940> ZK 00:15:34.009 --> 00:15:34.019 align:start position:0% applications of ZK 00:15:34.019 --> 00:15:36.050 align:start position:0% applications of ZK to<00:15:34.199> also<00:15:34.740> made<00:15:34.920> the<00:15:35.100> decision<00:15:35.399> to<00:15:35.579> become<00:15:35.880> a 00:15:36.050 --> 00:15:36.060 align:start position:0% to also made the decision to become a 00:15:36.060 --> 00:15:37.970 align:start position:0% to also made the decision to become a foundation<00:15:36.420> so<00:15:36.839> these<00:15:37.079> are<00:15:37.199> a<00:15:37.320> great<00:15:37.440> example 00:15:37.970 --> 00:15:37.980 align:start position:0% foundation so these are a great example 00:15:37.980 --> 00:15:41.329 align:start position:0% foundation so these are a great example of<00:15:38.160> how<00:15:38.820> our<00:15:39.000> subtraction<00:15:39.800> is<00:15:40.800> creating<00:15:41.100> more 00:15:41.329 --> 00:15:41.339 align:start position:0% of how our subtraction is creating more 00:15:41.339 --> 00:15:42.949 align:start position:0% of how our subtraction is creating more space<00:15:41.579> for<00:15:41.880> others 00:15:42.949 --> 00:15:42.959 align:start position:0% space for others 00:15:42.959 --> 00:15:44.750 align:start position:0% space for others to<00:15:43.380> participate<00:15:43.800> and<00:15:44.100> then<00:15:44.220> they<00:15:44.459> also 00:15:44.750 --> 00:15:44.760 align:start position:0% to participate and then they also 00:15:44.760 --> 00:15:47.090 align:start position:0% to participate and then they also subtract<00:15:45.240> for<00:15:45.540> others 00:15:47.090 --> 00:15:47.100 align:start position:0% subtract for others 00:15:47.100 --> 00:15:50.629 align:start position:0% subtract for others so<00:15:47.880> EF<00:15:48.839> may<00:15:49.019> be<00:15:49.199> in<00:15:49.440> a<00:15:49.620> unique<00:15:49.860> position<00:15:50.040> in<00:15:50.399> a 00:15:50.629 --> 00:15:50.639 align:start position:0% so EF may be in a unique position in a 00:15:50.639 --> 00:15:52.490 align:start position:0% so EF may be in a unique position in a system<00:15:50.880> and<00:15:51.120> an<00:15:51.300> EF<00:15:51.600> could<00:15:51.839> not<00:15:52.019> have<00:15:52.199> been 00:15:52.490 --> 00:15:52.500 align:start position:0% system and an EF could not have been 00:15:52.500 --> 00:15:54.829 align:start position:0% system and an EF could not have been able<00:15:53.100> to<00:15:53.220> start<00:15:53.519> with<00:15:53.760> subtraction<00:15:54.240> if<00:15:54.600> there 00:15:54.829 --> 00:15:54.839 align:start position:0% able to start with subtraction if there 00:15:54.839 --> 00:15:56.509 align:start position:0% able to start with subtraction if there were<00:15:55.079> there's<00:15:55.440> nothing<00:15:55.680> to<00:15:55.920> subtract<00:15:56.339> from 00:15:56.509 --> 00:15:56.519 align:start position:0% were there's nothing to subtract from 00:15:56.519 --> 00:15:59.389 align:start position:0% were there's nothing to subtract from but<00:15:57.180> I<00:15:57.420> do<00:15:57.540> not<00:15:57.779> think<00:15:58.199> subtraction<00:15:58.920> only 00:15:59.389 --> 00:15:59.399 align:start position:0% but I do not think subtraction only 00:15:59.399 --> 00:16:02.689 align:start position:0% but I do not think subtraction only matters<00:15:59.880> for<00:16:00.120> EF<00:16:00.540> or<00:16:00.779> only<00:16:01.019> for<00:16:01.699> non-profit 00:16:02.689 --> 00:16:02.699 align:start position:0% matters for EF or only for non-profit 00:16:02.699 --> 00:16:05.569 align:start position:0% matters for EF or only for non-profit organizations<00:16:03.360> since<00:16:04.320> I<00:16:04.620> believe<00:16:04.800> infinite 00:16:05.569 --> 00:16:05.579 align:start position:0% organizations since I believe infinite 00:16:05.579 --> 00:16:08.810 align:start position:0% organizations since I believe infinite Garden<00:16:06.019> is<00:16:07.019> for<00:16:07.199> Everyone<00:16:07.380> by<00:16:07.920> everyone<00:16:08.100> there 00:16:08.810 --> 00:16:08.820 align:start position:0% Garden is for Everyone by everyone there 00:16:08.820 --> 00:16:10.970 align:start position:0% Garden is for Everyone by everyone there is<00:16:09.000> always<00:16:09.360> a<00:16:09.720> chance<00:16:09.899> for<00:16:10.139> everyone<00:16:10.260> to<00:16:10.740> use 00:16:10.970 --> 00:16:10.980 align:start position:0% is always a chance for everyone to use 00:16:10.980 --> 00:16:14.030 align:start position:0% is always a chance for everyone to use this<00:16:11.399> philosophy 00:16:14.030 --> 00:16:14.040 align:start position:0% 00:16:14.040 --> 00:16:16.750 align:start position:0% for<00:16:14.639> your<00:16:14.820> guidance<00:16:15.240> I<00:16:15.660> will<00:16:15.779> share<00:16:16.079> the<00:16:16.380> myth 00:16:16.750 --> 00:16:16.760 align:start position:0% for your guidance I will share the myth 00:16:16.760 --> 00:16:20.269 align:start position:0% for your guidance I will share the myth and<00:16:17.760> about<00:16:18.120> subtraction<00:16:18.839> and<00:16:19.560> key<00:16:19.800> things<00:16:19.980> to 00:16:20.269 --> 00:16:20.279 align:start position:0% and about subtraction and key things to 00:16:20.279 --> 00:16:22.129 align:start position:0% and about subtraction and key things to remember 00:16:22.129 --> 00:16:22.139 align:start position:0% remember 00:16:22.139 --> 00:16:25.850 align:start position:0% remember first<00:16:22.880> subtraction<00:16:23.880> requires<00:16:24.779> high<00:16:25.260> standard 00:16:25.850 --> 00:16:25.860 align:start position:0% first subtraction requires high standard 00:16:25.860 --> 00:16:28.790 align:start position:0% first subtraction requires high standard and<00:16:26.399> real<00:16:26.639> execution<00:16:27.360> so<00:16:28.019> the<00:16:28.199> biggest<00:16:28.320> myth 00:16:28.790 --> 00:16:28.800 align:start position:0% and real execution so the biggest myth 00:16:28.800 --> 00:16:30.590 align:start position:0% and real execution so the biggest myth about<00:16:28.920> subtraction 00:16:30.590 --> 00:16:30.600 align:start position:0% about subtraction 00:16:30.600 --> 00:16:34.850 align:start position:0% about subtraction is<00:16:31.260> that<00:16:31.620> you<00:16:31.980> should<00:16:32.100> do<00:16:32.339> less<00:16:32.600> you<00:16:33.600> know<00:16:33.860> it 00:16:34.850 --> 00:16:34.860 align:start position:0% is that you should do less you know it 00:16:34.860 --> 00:16:37.310 align:start position:0% is that you should do less you know it aims<00:16:35.220> to<00:16:35.339> subtract<00:16:35.760> power<00:16:36.060> but<00:16:36.360> not<00:16:37.139> the 00:16:37.310 --> 00:16:37.320 align:start position:0% aims to subtract power but not the 00:16:37.320 --> 00:16:39.889 align:start position:0% aims to subtract power but not the amount<00:16:37.620> of<00:16:37.740> work<00:16:37.920> or<00:16:38.220> amount<00:16:38.579> of<00:16:38.759> effort<00:16:39.060> in 00:16:39.889 --> 00:16:39.899 align:start position:0% amount of work or amount of effort in 00:16:39.899 --> 00:16:42.710 align:start position:0% amount of work or amount of effort in fact<00:16:40.079> it<00:16:40.740> certainly<00:16:41.100> requires<00:16:41.880> more<00:16:42.120> work<00:16:42.360> to 00:16:42.710 --> 00:16:42.720 align:start position:0% fact it certainly requires more work to 00:16:42.720 --> 00:16:46.310 align:start position:0% fact it certainly requires more work to do<00:16:42.920> when<00:16:43.920> I<00:16:44.100> subtract<00:16:44.519> my<00:16:44.820> power<00:16:45.060> I<00:16:45.720> can't<00:16:45.899> just 00:16:46.310 --> 00:16:46.320 align:start position:0% do when I subtract my power I can't just 00:16:46.320 --> 00:16:51.170 align:start position:0% do when I subtract my power I can't just make<00:16:46.980> people<00:16:47.279> do<00:16:48.240> do<00:16:48.660> things<00:16:49.019> and<00:16:49.579> I<00:16:50.579> I<00:16:50.759> have<00:16:51.000> to 00:16:51.170 --> 00:16:51.180 align:start position:0% make people do do things and I I have to 00:16:51.180 --> 00:16:54.110 align:start position:0% make people do do things and I I have to explain<00:16:51.420> and<00:16:51.839> convince<00:16:52.320> others<00:16:52.740> to<00:16:52.920> feel<00:16:53.160> that 00:16:54.110 --> 00:16:54.120 align:start position:0% explain and convince others to feel that 00:16:54.120 --> 00:16:56.870 align:start position:0% explain and convince others to feel that they<00:16:54.899> should<00:16:55.079> act<00:16:55.380> in<00:16:55.740> one<00:16:55.860> way 00:16:56.870 --> 00:16:56.880 align:start position:0% they should act in one way 00:16:56.880 --> 00:16:59.269 align:start position:0% they should act in one way that<00:16:57.540> requires<00:16:57.959> education<00:16:58.560> communication 00:16:59.269 --> 00:16:59.279 align:start position:0% that requires education communication 00:16:59.279 --> 00:17:01.069 align:start position:0% that requires education communication and<00:16:59.579> more<00:16:59.820> research 00:17:01.069 --> 00:17:01.079 align:start position:0% and more research 00:17:01.079 --> 00:17:03.470 align:start position:0% and more research if<00:17:01.560> you<00:17:01.740> have<00:17:01.860> been<00:17:02.100> any<00:17:02.399> part<00:17:02.699> of<00:17:02.880> the<00:17:03.000> merge 00:17:03.470 --> 00:17:03.480 align:start position:0% if you have been any part of the merge 00:17:03.480 --> 00:17:07.010 align:start position:0% if you have been any part of the merge you<00:17:04.199> understand<00:17:04.380> better<00:17:04.799> than<00:17:05.040> others<00:17:05.480> how<00:17:06.480> it 00:17:07.010 --> 00:17:07.020 align:start position:0% you understand better than others how it 00:17:07.020 --> 00:17:08.689 align:start position:0% you understand better than others how it requires<00:17:07.439> more<00:17:07.740> work 00:17:08.689 --> 00:17:08.699 align:start position:0% requires more work 00:17:08.699 --> 00:17:12.049 align:start position:0% requires more work to<00:17:09.179> do<00:17:09.299> a<00:17:09.600> project<00:17:09.980> doing<00:17:10.980> in<00:17:11.220> a<00:17:11.400> decentralized 00:17:12.049 --> 00:17:12.059 align:start position:0% to do a project doing in a decentralized 00:17:12.059 --> 00:17:15.049 align:start position:0% to do a project doing in a decentralized way<00:17:12.439> subtracting<00:17:13.439> your<00:17:13.620> power<00:17:13.980> not<00:17:14.520> being<00:17:14.760> a 00:17:15.049 --> 00:17:15.059 align:start position:0% way subtracting your power not being a 00:17:15.059 --> 00:17:18.530 align:start position:0% way subtracting your power not being a boss<00:17:15.199> then<00:17:16.199> doing<00:17:16.679> it<00:17:16.919> in<00:17:17.520> in<00:17:17.520> in<00:17:18.000> a 00:17:18.530 --> 00:17:18.540 align:start position:0% boss then doing it in in in a 00:17:18.540 --> 00:17:22.970 align:start position:0% boss then doing it in in in a centralized<00:17:19.020> way<00:17:19.260> using<00:17:20.100> centroids<00:17:21.000> power 00:17:22.970 --> 00:17:22.980 align:start position:0% centralized way using centroids power 00:17:22.980 --> 00:17:25.610 align:start position:0% centralized way using centroids power I<00:17:23.520> also<00:17:23.760> mentioned<00:17:24.000> how<00:17:24.299> human<00:17:24.540> Blazer<00:17:25.260> used 00:17:25.610 --> 00:17:25.620 align:start position:0% I also mentioned how human Blazer used 00:17:25.620 --> 00:17:27.770 align:start position:0% I also mentioned how human Blazer used to<00:17:25.799> adding 00:17:27.770 --> 00:17:27.780 align:start position:0% to adding 00:17:27.780 --> 00:17:30.890 align:start position:0% to adding that<00:17:28.620> means<00:17:29.040> also<00:17:29.700> the<00:17:30.120> subtraction<00:17:30.540> is 00:17:30.890 --> 00:17:30.900 align:start position:0% that means also the subtraction is 00:17:30.900 --> 00:17:33.530 align:start position:0% that means also the subtraction is harder<00:17:31.320> to<00:17:31.440> be<00:17:31.620> recognized<00:17:32.160> there<00:17:33.120> has<00:17:33.360> been 00:17:33.530 --> 00:17:33.540 align:start position:0% harder to be recognized there has been 00:17:33.540 --> 00:17:35.870 align:start position:0% harder to be recognized there has been study<00:17:33.960> to<00:17:34.140> prove<00:17:34.559> people<00:17:34.799> tend<00:17:35.160> to<00:17:35.280> fail<00:17:35.580> to 00:17:35.870 --> 00:17:35.880 align:start position:0% study to prove people tend to fail to 00:17:35.880 --> 00:17:38.990 align:start position:0% study to prove people tend to fail to recognize<00:17:36.419> when<00:17:37.080> something<00:17:37.380> is<00:17:37.860> subtracted 00:17:38.990 --> 00:17:39.000 align:start position:0% recognize when something is subtracted 00:17:39.000 --> 00:17:42.110 align:start position:0% recognize when something is subtracted compared<00:17:39.780> to<00:17:39.900> when<00:17:40.200> something<00:17:40.440> is<00:17:40.799> added 00:17:42.110 --> 00:17:42.120 align:start position:0% compared to when something is added 00:17:42.120 --> 00:17:44.930 align:start position:0% compared to when something is added so<00:17:42.539> if<00:17:42.660> the<00:17:42.840> purpose<00:17:43.140> of<00:17:43.260> your<00:17:43.559> work<00:17:43.919> is<00:17:44.520> to<00:17:44.760> be 00:17:44.930 --> 00:17:44.940 align:start position:0% so if the purpose of your work is to be 00:17:44.940 --> 00:17:47.750 align:start position:0% so if the purpose of your work is to be recognized<00:17:45.660> choosing<00:17:46.620> subtraction<00:17:47.160> makes<00:17:47.520> it 00:17:47.750 --> 00:17:47.760 align:start position:0% recognized choosing subtraction makes it 00:17:47.760 --> 00:17:49.730 align:start position:0% recognized choosing subtraction makes it harder<00:17:48.120> to<00:17:48.299> achieve<00:17:48.780> that 00:17:49.730 --> 00:17:49.740 align:start position:0% harder to achieve that 00:17:49.740 --> 00:17:52.190 align:start position:0% harder to achieve that your<00:17:50.340> motivation<00:17:50.820> needs<00:17:51.660> to<00:17:51.720> be<00:17:51.900> something 00:17:52.190 --> 00:17:52.200 align:start position:0% your motivation needs to be something 00:17:52.200 --> 00:17:55.430 align:start position:0% your motivation needs to be something else<00:17:52.559> other<00:17:52.799> than<00:17:53.039> being<00:17:53.400> recognized 00:17:55.430 --> 00:17:55.440 align:start position:0% else other than being recognized 00:17:55.440 --> 00:17:58.970 align:start position:0% else other than being recognized subtraction<00:17:56.400> also<00:17:57.240> does<00:17:57.960> not<00:17:58.140> fulfill<00:17:58.740> the 00:17:58.970 --> 00:17:58.980 align:start position:0% subtraction also does not fulfill the 00:17:58.980 --> 00:18:02.210 align:start position:0% subtraction also does not fulfill the best<00:17:59.220> interest<00:17:59.780> of<00:18:00.780> just<00:18:01.200> one<00:18:01.440> person<00:18:01.679> or<00:18:02.039> a 00:18:02.210 --> 00:18:02.220 align:start position:0% best interest of just one person or a 00:18:02.220 --> 00:18:03.950 align:start position:0% best interest of just one person or a team<00:18:02.340> for<00:18:02.700> example<00:18:02.940> your<00:18:03.299> team<00:18:03.480> may<00:18:03.780> have 00:18:03.950 --> 00:18:03.960 align:start position:0% team for example your team may have 00:18:03.960 --> 00:18:07.010 align:start position:0% team for example your team may have investors<00:18:04.559> who's<00:18:05.100> interested<00:18:05.640> in<00:18:05.820> the<00:18:06.419> goals 00:18:07.010 --> 00:18:07.020 align:start position:0% investors who's interested in the goals 00:18:07.020 --> 00:18:09.110 align:start position:0% investors who's interested in the goals of<00:18:07.140> your<00:18:07.320> team<00:18:07.559> or<00:18:08.100> the<00:18:08.220> profit<00:18:08.640> they<00:18:08.820> can<00:18:09.000> make 00:18:09.110 --> 00:18:09.120 align:start position:0% of your team or the profit they can make 00:18:09.120 --> 00:18:10.250 align:start position:0% of your team or the profit they can make out<00:18:09.360> of<00:18:09.480> it 00:18:10.250 --> 00:18:10.260 align:start position:0% out of it 00:18:10.260 --> 00:18:13.789 align:start position:0% out of it or<00:18:10.799> even<00:18:11.039> without<00:18:11.340> that<00:18:11.760> people<00:18:12.480> tend<00:18:12.840> to<00:18:13.020> want 00:18:13.789 --> 00:18:13.799 align:start position:0% or even without that people tend to want 00:18:13.799 --> 00:18:16.669 align:start position:0% or even without that people tend to want to<00:18:14.039> please<00:18:14.340> those<00:18:14.880> who<00:18:15.360> are<00:18:15.539> in<00:18:15.720> front<00:18:15.900> of<00:18:16.020> them 00:18:16.669 --> 00:18:16.679 align:start position:0% to please those who are in front of them 00:18:16.679 --> 00:18:19.430 align:start position:0% to please those who are in front of them for<00:18:17.160> the<00:18:17.520> short<00:18:17.700> term<00:18:17.940> so<00:18:18.600> when<00:18:18.780> you<00:18:18.960> subtract 00:18:19.430 --> 00:18:19.440 align:start position:0% for the short term so when you subtract 00:18:19.440 --> 00:18:24.049 align:start position:0% for the short term so when you subtract you<00:18:20.340> are<00:18:20.460> doing<00:18:20.640> it<00:18:20.940> for<00:18:21.240> the<00:18:21.539> whole<00:18:22.080> ecosystem 00:18:24.049 --> 00:18:24.059 align:start position:0% you are doing it for the whole ecosystem 00:18:24.059 --> 00:18:26.930 align:start position:0% you are doing it for the whole ecosystem which<00:18:24.840> would<00:18:25.200> benefit<00:18:25.500> to 00:18:26.930 --> 00:18:26.940 align:start position:0% which would benefit to 00:18:26.940 --> 00:18:29.390 align:start position:0% which would benefit to yourself<00:18:27.480> in<00:18:28.260> the<00:18:28.380> long<00:18:28.559> term 00:18:29.390 --> 00:18:29.400 align:start position:0% yourself in the long term 00:18:29.400 --> 00:18:31.549 align:start position:0% yourself in the long term subtraction<00:18:30.059> always<00:18:30.539> comes<00:18:31.020> with<00:18:31.200> with 00:18:31.549 --> 00:18:31.559 align:start position:0% subtraction always comes with with 00:18:31.559 --> 00:18:33.830 align:start position:0% subtraction always comes with with long-term<00:18:32.160> thinking 00:18:33.830 --> 00:18:33.840 align:start position:0% long-term thinking 00:18:33.840 --> 00:18:35.930 align:start position:0% long-term thinking so<00:18:34.320> now<00:18:34.440> you<00:18:34.799> might<00:18:34.980> think 00:18:35.930 --> 00:18:35.940 align:start position:0% so now you might think 00:18:35.940 --> 00:18:38.810 align:start position:0% so now you might think oh<00:18:36.419> subtraction<00:18:37.020> sounds<00:18:37.440> very<00:18:37.799> hard 00:18:38.810 --> 00:18:38.820 align:start position:0% oh subtraction sounds very hard 00:18:38.820 --> 00:18:41.990 align:start position:0% oh subtraction sounds very hard it<00:18:39.419> is<00:18:39.600> hard<00:18:39.980> I<00:18:40.980> like<00:18:41.160> to<00:18:41.340> take<00:18:41.580> this<00:18:41.700> an 00:18:41.990 --> 00:18:42.000 align:start position:0% it is hard I like to take this an 00:18:42.000 --> 00:18:44.029 align:start position:0% it is hard I like to take this an opportunity<00:18:42.360> to<00:18:42.600> say<00:18:43.140> thank<00:18:43.440> you<00:18:43.559> to<00:18:43.799> the 00:18:44.029 --> 00:18:44.039 align:start position:0% opportunity to say thank you to the 00:18:44.039 --> 00:18:45.610 align:start position:0% opportunity to say thank you to the people<00:18:44.280> at<00:18:44.760> the<00:18:44.880> ethereum<00:18:45.299> foundation 00:18:45.610 --> 00:18:45.620 align:start position:0% people at the ethereum foundation 00:18:45.620 --> 00:18:49.370 align:start position:0% people at the ethereum foundation working<00:18:46.620> with<00:18:46.980> me<00:18:47.240> with<00:18:48.240> this<00:18:48.660> principle 00:18:49.370 --> 00:18:49.380 align:start position:0% working with me with this principle 00:18:49.380 --> 00:18:52.549 align:start position:0% working with me with this principle because<00:18:50.039> their<00:18:50.520> work<00:18:50.760> is<00:18:51.000> very<00:18:51.299> hard<00:18:51.600> and 00:18:52.549 --> 00:18:52.559 align:start position:0% because their work is very hard and 00:18:52.559 --> 00:18:55.130 align:start position:0% because their work is very hard and often<00:18:53.100> thankless 00:18:55.130 --> 00:18:55.140 align:start position:0% often thankless 00:18:55.140 --> 00:19:01.430 align:start position:0% often thankless foreign 00:19:01.430 --> 00:19:01.440 align:start position:0% 00:19:01.440 --> 00:19:05.029 align:start position:0% but<00:19:02.160> I<00:19:02.460> also<00:19:02.700> want<00:19:03.539> to<00:19:03.780> share<00:19:04.440> the<00:19:04.679> positive 00:19:05.029 --> 00:19:05.039 align:start position:0% but I also want to share the positive 00:19:05.039 --> 00:19:08.090 align:start position:0% but I also want to share the positive size<00:19:05.340> of<00:19:05.700> this<00:19:05.940> to<00:19:06.299> clarify<00:19:06.780> first<00:19:07.440> you<00:19:07.980> should 00:19:08.090 --> 00:19:08.100 align:start position:0% size of this to clarify first you should 00:19:08.100 --> 00:19:10.970 align:start position:0% size of this to clarify first you should know<00:19:08.340> that<00:19:08.700> you<00:19:09.419> can<00:19:09.660> add<00:19:10.260> with<00:19:10.799> the 00:19:10.970 --> 00:19:10.980 align:start position:0% know that you can add with the 00:19:10.980 --> 00:19:14.450 align:start position:0% know that you can add with the subtraction<00:19:11.460> philosophy<00:19:12.179> EF<00:19:13.080> did<00:19:13.380> add<00:19:13.679> things 00:19:14.450 --> 00:19:14.460 align:start position:0% subtraction philosophy EF did add things 00:19:14.460 --> 00:19:17.810 align:start position:0% subtraction philosophy EF did add things for<00:19:15.059> example<00:19:15.299> we<00:19:15.660> added<00:19:16.020> ESP<00:19:16.340> and<00:19:17.340> when<00:19:17.640> we 00:19:17.810 --> 00:19:17.820 align:start position:0% for example we added ESP and when we 00:19:17.820 --> 00:19:20.270 align:start position:0% for example we added ESP and when we think<00:19:18.059> about<00:19:18.299> you<00:19:19.080> know<00:19:19.200> how<00:19:19.440> to<00:19:19.559> like<00:19:19.919> who<00:19:20.100> to 00:19:20.270 --> 00:19:20.280 align:start position:0% think about you know how to like who to 00:19:20.280 --> 00:19:22.850 align:start position:0% think about you know how to like who to give<00:19:20.520> guns<00:19:20.880> and<00:19:21.000> how<00:19:21.240> to<00:19:21.299> do<00:19:21.539> that<00:19:21.780> we<00:19:22.620> first 00:19:22.850 --> 00:19:22.860 align:start position:0% give guns and how to do that we first 00:19:22.860 --> 00:19:26.029 align:start position:0% give guns and how to do that we first think<00:19:23.100> about<00:19:23.280> what<00:19:24.059> problems<00:19:24.780> ethereum<00:19:25.620> has 00:19:26.029 --> 00:19:26.039 align:start position:0% think about what problems ethereum has 00:19:26.039 --> 00:19:27.049 align:start position:0% think about what problems ethereum has today 00:19:27.049 --> 00:19:27.059 align:start position:0% today 00:19:27.059 --> 00:19:29.810 align:start position:0% today and<00:19:27.900> after<00:19:28.260> that<00:19:28.620> instead<00:19:29.160> of<00:19:29.280> thinking<00:19:29.640> about 00:19:29.810 --> 00:19:29.820 align:start position:0% and after that instead of thinking about 00:19:29.820 --> 00:19:33.409 align:start position:0% and after that instead of thinking about how<00:19:30.539> can<00:19:30.780> we<00:19:31.260> solve<00:19:32.100> those<00:19:32.280> problems 00:19:33.409 --> 00:19:33.419 align:start position:0% how can we solve those problems 00:19:33.419 --> 00:19:36.950 align:start position:0% how can we solve those problems we<00:19:34.080> asked<00:19:34.740> how<00:19:35.520> can<00:19:35.700> communities<00:19:36.240> solve<00:19:36.720> these 00:19:36.950 --> 00:19:36.960 align:start position:0% we asked how can communities solve these 00:19:36.960 --> 00:19:39.590 align:start position:0% we asked how can communities solve these problems<00:19:37.440> and<00:19:37.919> how<00:19:38.160> can<00:19:38.340> we<00:19:38.580> help<00:19:38.820> them 00:19:39.590 --> 00:19:39.600 align:start position:0% problems and how can we help them 00:19:39.600 --> 00:19:42.470 align:start position:0% problems and how can we help them so<00:19:40.200> yes<00:19:40.500> we<00:19:41.100> can<00:19:41.280> add<00:19:41.580> but<00:19:41.940> the<00:19:42.120> important 00:19:42.470 --> 00:19:42.480 align:start position:0% so yes we can add but the important 00:19:42.480 --> 00:19:44.750 align:start position:0% so yes we can add but the important things<00:19:42.720> is<00:19:43.200> for<00:19:43.440> us<00:19:43.620> to<00:19:43.919> ask<00:19:44.160> this<00:19:44.460> question 00:19:44.750 --> 00:19:44.760 align:start position:0% things is for us to ask this question 00:19:44.760 --> 00:19:47.210 align:start position:0% things is for us to ask this question before<00:19:45.360> adding 00:19:47.210 --> 00:19:47.220 align:start position:0% before adding 00:19:47.220 --> 00:19:50.630 align:start position:0% before adding and<00:19:47.940> subtraction<00:19:48.539> can<00:19:48.900> be<00:19:49.080> actually<00:19:49.260> exciting 00:19:50.630 --> 00:19:50.640 align:start position:0% and subtraction can be actually exciting 00:19:50.640 --> 00:19:52.789 align:start position:0% and subtraction can be actually exciting subtraction<00:19:51.419> makes<00:19:51.780> space<00:19:52.080> for<00:19:52.380> others 00:19:52.789 --> 00:19:52.799 align:start position:0% subtraction makes space for others 00:19:52.799 --> 00:19:55.970 align:start position:0% subtraction makes space for others making<00:19:53.700> an<00:19:54.059> open<00:19:54.240> space<00:19:54.600> for<00:19:54.960> others<00:19:55.320> to<00:19:55.620> join 00:19:55.970 --> 00:19:55.980 align:start position:0% making an open space for others to join 00:19:55.980 --> 00:19:58.310 align:start position:0% making an open space for others to join is<00:19:56.580> truly<00:19:57.000> one<00:19:57.240> of<00:19:57.360> the<00:19:57.480> main<00:19:57.660> reasons<00:19:58.080> that 00:19:58.310 --> 00:19:58.320 align:start position:0% is truly one of the main reasons that 00:19:58.320 --> 00:20:01.909 align:start position:0% is truly one of the main reasons that ethereum<00:19:58.740> attracts<00:19:59.400> so<00:19:59.640> many<00:19:59.820> people<00:20:00.539> yes<00:20:01.440> it 00:20:01.909 --> 00:20:01.919 align:start position:0% ethereum attracts so many people yes it 00:20:01.919 --> 00:20:03.770 align:start position:0% ethereum attracts so many people yes it helps<00:20:02.220> to<00:20:02.340> have<00:20:02.580> more<00:20:02.820> people<00:20:03.000> to<00:20:03.299> secure<00:20:03.600> the 00:20:03.770 --> 00:20:03.780 align:start position:0% helps to have more people to secure the 00:20:03.780 --> 00:20:06.710 align:start position:0% helps to have more people to secure the network<00:20:03.960> but<00:20:04.860> isn't<00:20:05.340> it<00:20:05.460> just<00:20:05.760> fun<00:20:06.120> to<00:20:06.539> work 00:20:06.710 --> 00:20:06.720 align:start position:0% network but isn't it just fun to work 00:20:06.720 --> 00:20:10.789 align:start position:0% network but isn't it just fun to work with<00:20:06.960> more<00:20:07.200> people 00:20:10.789 --> 00:20:10.799 align:start position:0% 00:20:10.799 --> 00:20:14.210 align:start position:0% Nami<00:20:11.580> and<00:20:12.179> Derek<00:20:12.660> spark<00:20:12.960> I<00:20:13.260> mentioned<00:20:13.559> decided 00:20:14.210 --> 00:20:14.220 align:start position:0% Nami and Derek spark I mentioned decided 00:20:14.220 --> 00:20:15.770 align:start position:0% Nami and Derek spark I mentioned decided to<00:20:14.340> when<00:20:14.700> they<00:20:14.880> decided<00:20:15.299> to<00:20:15.360> create<00:20:15.539> a 00:20:15.770 --> 00:20:15.780 align:start position:0% to when they decided to create a 00:20:15.780 --> 00:20:18.830 align:start position:0% to when they decided to create a foundation<00:20:16.140> they<00:20:17.100> didn't<00:20:17.400> just 00:20:18.830 --> 00:20:18.840 align:start position:0% foundation they didn't just 00:20:18.840 --> 00:20:22.010 align:start position:0% foundation they didn't just um<00:20:18.900> do<00:20:19.200> it<00:20:19.380> to<00:20:19.740> be<00:20:20.160> nice<00:20:20.520> they<00:20:21.419> are<00:20:21.600> nice<00:20:21.780> but 00:20:22.010 --> 00:20:22.020 align:start position:0% um do it to be nice they are nice but 00:20:22.020 --> 00:20:24.110 align:start position:0% um do it to be nice they are nice but that's<00:20:22.620> not<00:20:22.799> the<00:20:23.039> only<00:20:23.100> reason<00:20:23.340> but<00:20:23.640> they<00:20:23.880> both 00:20:24.110 --> 00:20:24.120 align:start position:0% that's not the only reason but they both 00:20:24.120 --> 00:20:26.450 align:start position:0% that's not the only reason but they both of<00:20:24.299> them<00:20:24.480> told<00:20:24.720> me<00:20:24.840> that<00:20:25.140> you<00:20:25.559> know<00:20:25.620> it<00:20:25.980> is<00:20:26.100> just 00:20:26.450 --> 00:20:26.460 align:start position:0% of them told me that you know it is just 00:20:26.460 --> 00:20:30.470 align:start position:0% of them told me that you know it is just fun<00:20:27.059> to<00:20:27.780> be<00:20:27.900> able<00:20:28.080> to<00:20:28.320> work<00:20:28.679> with<00:20:29.100> others<00:20:29.580> uh 00:20:30.470 --> 00:20:30.480 align:start position:0% fun to be able to work with others uh 00:20:30.480 --> 00:20:33.409 align:start position:0% fun to be able to work with others uh Empower<00:20:30.960> others<00:20:31.500> toward<00:20:32.220> the<00:20:32.400> same<00:20:32.520> goal<00:20:33.000> so 00:20:33.409 --> 00:20:33.419 align:start position:0% Empower others toward the same goal so 00:20:33.419 --> 00:20:36.169 align:start position:0% Empower others toward the same goal so there's<00:20:33.600> just<00:20:33.960> this<00:20:34.520> undeniable<00:20:35.520> excitement 00:20:36.169 --> 00:20:36.179 align:start position:0% there's just this undeniable excitement 00:20:36.179 --> 00:20:39.230 align:start position:0% there's just this undeniable excitement to<00:20:36.600> be<00:20:36.660> able<00:20:36.900> to<00:20:36.960> empower<00:20:37.520> and<00:20:38.520> to<00:20:38.700> see<00:20:38.880> others 00:20:39.230 --> 00:20:39.240 align:start position:0% to be able to empower and to see others 00:20:39.240 --> 00:20:42.169 align:start position:0% to be able to empower and to see others grow 00:20:42.169 --> 00:20:42.179 align:start position:0% 00:20:42.179 --> 00:20:44.930 align:start position:0% and<00:20:42.900> we<00:20:43.200> tend<00:20:43.380> to<00:20:43.559> think<00:20:43.799> if<00:20:44.280> we<00:20:44.520> subtract 00:20:44.930 --> 00:20:44.940 align:start position:0% and we tend to think if we subtract 00:20:44.940 --> 00:20:47.390 align:start position:0% and we tend to think if we subtract power<00:20:45.240> and<00:20:45.840> Empower<00:20:46.200> others<00:20:46.620> the<00:20:46.860> same<00:20:47.039> amount 00:20:47.390 --> 00:20:47.400 align:start position:0% power and Empower others the same amount 00:20:47.400 --> 00:20:49.549 align:start position:0% power and Empower others the same amount of<00:20:47.640> power<00:20:47.820> will<00:20:48.240> be<00:20:48.480> split<00:20:48.840> into<00:20:49.080> the<00:20:49.440> number 00:20:49.549 --> 00:20:49.559 align:start position:0% of power will be split into the number 00:20:49.559 --> 00:20:52.130 align:start position:0% of power will be split into the number of<00:20:49.740> people<00:20:50.039> you<00:20:50.400> empowered<00:20:51.000> that<00:20:51.480> is<00:20:51.660> not<00:20:51.900> true 00:20:52.130 --> 00:20:52.140 align:start position:0% of people you empowered that is not true 00:20:52.140 --> 00:20:54.890 align:start position:0% of people you empowered that is not true games<00:20:52.919> in<00:20:53.340> the<00:20:53.460> infinite<00:20:53.820> Garden<00:20:54.059> is<00:20:54.600> not<00:20:54.720> a 00:20:54.890 --> 00:20:54.900 align:start position:0% games in the infinite Garden is not a 00:20:54.900 --> 00:20:57.409 align:start position:0% games in the infinite Garden is not a deal<00:20:55.200> some<00:20:55.440> game 00:20:57.409 --> 00:20:57.419 align:start position:0% deal some game 00:20:57.419 --> 00:21:00.830 align:start position:0% deal some game EF<00:20:58.080> subtracts<00:20:58.679> so<00:20:59.039> you<00:20:59.340> can<00:20:59.460> add<00:20:59.760> and<00:21:00.419> when<00:21:00.600> you 00:21:00.830 --> 00:21:00.840 align:start position:0% EF subtracts so you can add and when you 00:21:00.840 --> 00:21:03.350 align:start position:0% EF subtracts so you can add and when you grow<00:21:01.080> and<00:21:01.380> learn<00:21:01.620> the<00:21:02.280> Mastery<00:21:02.820> will<00:21:03.059> let 00:21:03.350 --> 00:21:03.360 align:start position:0% grow and learn the Mastery will let 00:21:03.360 --> 00:21:06.529 align:start position:0% grow and learn the Mastery will let others<00:21:03.840> other<00:21:04.320> new<00:21:04.679> players<00:21:05.160> to<00:21:05.820> add<00:21:06.000> and<00:21:06.240> glow 00:21:06.529 --> 00:21:06.539 align:start position:0% others other new players to add and glow 00:21:06.539 --> 00:21:10.010 align:start position:0% others other new players to add and glow there<00:21:06.720> with<00:21:07.559> this<00:21:07.740> Mastery<00:21:08.400> and<00:21:08.760> growth<00:21:09.179> the 00:21:10.010 --> 00:21:10.020 align:start position:0% there with this Mastery and growth the 00:21:10.020 --> 00:21:13.730 align:start position:0% there with this Mastery and growth the energy<00:21:10.200> in<00:21:10.620> total<00:21:11.039> is<00:21:11.820> exponentially<00:21:12.600> glowing 00:21:13.730 --> 00:21:13.740 align:start position:0% energy in total is exponentially glowing 00:21:13.740 --> 00:21:16.070 align:start position:0% energy in total is exponentially glowing this<00:21:14.400> means<00:21:14.700> there<00:21:14.820> is<00:21:15.000> no<00:21:15.120> limit<00:21:15.360> of<00:21:15.840> energy 00:21:16.070 --> 00:21:16.080 align:start position:0% this means there is no limit of energy 00:21:16.080 --> 00:21:19.669 align:start position:0% this means there is no limit of energy we<00:21:16.440> can<00:21:16.620> have<00:21:16.860> in<00:21:17.280> this<00:21:17.400> growing<00:21:17.760> Garden 00:21:19.669 --> 00:21:19.679 align:start position:0% we can have in this growing Garden 00:21:19.679 --> 00:21:23.810 align:start position:0% we can have in this growing Garden EF<00:21:20.580> used<00:21:21.539> to<00:21:21.720> be<00:21:21.900> equal<00:21:22.380> to<00:21:22.799> almost<00:21:23.220> equal<00:21:23.520> to 00:21:23.810 --> 00:21:23.820 align:start position:0% EF used to be equal to almost equal to 00:21:23.820 --> 00:21:26.870 align:start position:0% EF used to be equal to almost equal to the<00:21:24.059> entire<00:21:24.299> ethereum<00:21:24.900> ecosystem<00:21:25.400> but<00:21:26.400> not 00:21:26.870 --> 00:21:26.880 align:start position:0% the entire ethereum ecosystem but not 00:21:26.880 --> 00:21:29.210 align:start position:0% the entire ethereum ecosystem but not only<00:21:27.059> EF<00:21:27.480> has<00:21:27.660> become<00:21:28.020> just<00:21:28.380> a<00:21:28.559> small<00:21:28.799> part<00:21:29.039> of 00:21:29.210 --> 00:21:29.220 align:start position:0% only EF has become just a small part of 00:21:29.220 --> 00:21:31.010 align:start position:0% only EF has become just a small part of it 00:21:31.010 --> 00:21:31.020 align:start position:0% it 00:21:31.020 --> 00:21:33.770 align:start position:0% it the<00:21:31.620> entire<00:21:31.980> size<00:21:32.400> of<00:21:32.700> the<00:21:32.880> ecosystem<00:21:33.299> has 00:21:33.770 --> 00:21:33.780 align:start position:0% the entire size of the ecosystem has 00:21:33.780 --> 00:21:35.450 align:start position:0% the entire size of the ecosystem has grown<00:21:34.080> so<00:21:34.500> much 00:21:35.450 --> 00:21:35.460 align:start position:0% grown so much 00:21:35.460 --> 00:21:38.630 align:start position:0% grown so much the<00:21:35.820> ethereum<00:21:36.360> is<00:21:36.480> lucky<00:21:36.740> now<00:21:37.740> that<00:21:38.159> this 00:21:38.630 --> 00:21:38.640 align:start position:0% the ethereum is lucky now that this 00:21:38.640 --> 00:21:41.270 align:start position:0% the ethereum is lucky now that this Garden<00:21:39.059> keeps<00:21:39.659> growing<00:21:39.960> with<00:21:40.380> diverse<00:21:40.799> teams 00:21:41.270 --> 00:21:41.280 align:start position:0% Garden keeps growing with diverse teams 00:21:41.280 --> 00:21:44.750 align:start position:0% Garden keeps growing with diverse teams and<00:21:41.460> projects<00:21:41.940> driving<00:21:42.659> and<00:21:43.020> coexisting<00:21:43.860> just 00:21:44.750 --> 00:21:44.760 align:start position:0% and projects driving and coexisting just 00:21:44.760 --> 00:21:47.210 align:start position:0% and projects driving and coexisting just like<00:21:45.000> Nature<00:21:45.480> has<00:21:45.720> potential<00:21:46.260> for<00:21:46.559> infinite 00:21:47.210 --> 00:21:47.220 align:start position:0% like Nature has potential for infinite 00:21:47.220 --> 00:21:49.850 align:start position:0% like Nature has potential for infinite growth 00:21:49.850 --> 00:21:49.860 align:start position:0% 00:21:49.860 --> 00:21:53.270 align:start position:0% to<00:21:50.460> conclude<00:21:50.880> my<00:21:51.120> talk<00:21:51.380> if<00:21:52.380> you<00:21:52.620> feel<00:21:52.919> a<00:21:53.159> little 00:21:53.270 --> 00:21:53.280 align:start position:0% to conclude my talk if you feel a little 00:21:53.280 --> 00:21:56.450 align:start position:0% to conclude my talk if you feel a little bit<00:21:53.460> inspired<00:21:54.120> ask<00:21:54.780> those<00:21:55.080> questions<00:21:55.440> do<00:21:56.280> I 00:21:56.450 --> 00:21:56.460 align:start position:0% bit inspired ask those questions do I 00:21:56.460 --> 00:21:58.549 align:start position:0% bit inspired ask those questions do I need<00:21:56.640> better<00:21:56.880> balance<00:21:57.419> do<00:21:58.020> I<00:21:58.200> need<00:21:58.320> better 00:21:58.549 --> 00:21:58.559 align:start position:0% need better balance do I need better 00:21:58.559 --> 00:21:59.930 align:start position:0% need better balance do I need better focus 00:21:59.930 --> 00:21:59.940 align:start position:0% focus 00:21:59.940 --> 00:22:02.930 align:start position:0% focus and<00:22:00.539> if<00:22:00.780> the<00:22:01.020> answer<00:22:01.200> is<00:22:01.500> yes<00:22:01.740> maybe<00:22:02.460> you<00:22:02.820> can 00:22:02.930 --> 00:22:02.940 align:start position:0% and if the answer is yes maybe you can 00:22:02.940 --> 00:22:05.510 align:start position:0% and if the answer is yes maybe you can look<00:22:03.120> for<00:22:03.360> things<00:22:03.659> to<00:22:03.900> support<00:22:04.140> in<00:22:05.100> your<00:22:05.280> work 00:22:05.510 --> 00:22:05.520 align:start position:0% look for things to support in your work 00:22:05.520 --> 00:22:07.669 align:start position:0% look for things to support in your work or<00:22:05.940> in<00:22:06.120> even<00:22:06.360> in<00:22:06.600> your<00:22:06.780> life 00:22:07.669 --> 00:22:07.679 align:start position:0% or in even in your life 00:22:07.679 --> 00:22:10.250 align:start position:0% or in even in your life you<00:22:08.159> may<00:22:08.280> have<00:22:08.460> to<00:22:08.640> wait<00:22:09.120> for<00:22:09.360> the<00:22:09.600> best<00:22:09.720> timing 00:22:10.250 --> 00:22:10.260 align:start position:0% you may have to wait for the best timing 00:22:10.260 --> 00:22:13.909 align:start position:0% you may have to wait for the best timing or<00:22:10.980> also<00:22:11.400> think<00:22:11.640> about<00:22:11.880> other<00:22:12.480> trade-offs<00:22:13.200> but 00:22:13.909 --> 00:22:13.919 align:start position:0% or also think about other trade-offs but 00:22:13.919 --> 00:22:15.830 align:start position:0% or also think about other trade-offs but the<00:22:14.159> important<00:22:14.520> thing<00:22:14.760> is<00:22:15.240> to<00:22:15.600> know 00:22:15.830 --> 00:22:15.840 align:start position:0% the important thing is to know 00:22:15.840 --> 00:22:19.310 align:start position:0% the important thing is to know subtraction<00:22:16.620> is<00:22:17.100> an<00:22:17.340> option<00:22:17.700> for<00:22:18.120> everyone 00:22:19.310 --> 00:22:19.320 align:start position:0% subtraction is an option for everyone 00:22:19.320 --> 00:22:21.710 align:start position:0% subtraction is an option for everyone and<00:22:19.980> you<00:22:20.159> might<00:22:20.280> be<00:22:20.460> surprised<00:22:21.000> how<00:22:21.360> that 00:22:21.710 --> 00:22:21.720 align:start position:0% and you might be surprised how that 00:22:21.720 --> 00:22:23.810 align:start position:0% and you might be surprised how that would<00:22:21.900> expand<00:22:22.320> your<00:22:22.620> opportunities 00:22:23.810 --> 00:22:23.820 align:start position:0% would expand your opportunities 00:22:23.820 --> 00:22:25.669 align:start position:0% would expand your opportunities thank<00:22:24.360> you<00:22:24.480> for<00:22:24.659> listening 00:22:25.669 --> 00:22:25.679 align:start position:0% thank you for listening 00:22:25.679 --> 00:22:27.110 align:start position:0% thank you for listening if<00:22:26.159> you<00:22:26.280> want<00:22:26.460> to<00:22:26.580> learn<00:22:26.760> more<00:22:26.940> about 00:22:27.110 --> 00:22:27.120 align:start position:0% if you want to learn more about 00:22:27.120 --> 00:22:29.570 align:start position:0% if you want to learn more about subtraction<00:22:27.600> or<00:22:27.900> infinite<00:22:28.260> Garden<00:22:28.460> you<00:22:29.460> can 00:22:29.570 --> 00:22:29.580 align:start position:0% subtraction or infinite Garden you can 00:22:29.580 --> 00:22:32.210 align:start position:0% subtraction or infinite Garden you can go<00:22:29.820> to<00:22:30.380> ethereum.foundation<00:22:31.380> thank<00:22:31.980> you<00:22:32.100> very 00:22:32.210 --> 00:22:32.220 align:start position:0% go to ethereum.foundation thank you very 00:22:32.220 --> 00:22:32.830 align:start position:0% go to ethereum.foundation thank you very much 00:22:32.830 --> 00:22:32.840 align:start position:0% much 00:22:32.840 --> 00:22:37.400 align:start position:0% much [Applause]