WEBVTT Kind: captions Language: en 00:00:01.160 --> 00:00:06.690 align:start position:0% [Music] 00:00:06.690 --> 00:00:06.700 align:start position:0% 00:00:06.700 --> 00:00:09.709 align:start position:0% [Music] 00:00:09.709 --> 00:00:09.719 align:start position:0% [Music] 00:00:09.719 --> 00:00:12.470 align:start position:0% [Music] uh<00:00:10.080> all<00:00:10.200> right<00:00:10.639> hello<00:00:11.440> uh<00:00:11.559> I'm<00:00:11.719> drill<00:00:12.200> I<00:00:12.320> work 00:00:12.470 --> 00:00:12.480 align:start position:0% uh all right hello uh I'm drill I work 00:00:12.480 --> 00:00:14.749 align:start position:0% uh all right hello uh I'm drill I work on<00:00:12.719> biomes<00:00:13.280> biomes<00:00:13.639> you<00:00:13.839> probably<00:00:14.400> played<00:00:14.679> in 00:00:14.749 --> 00:00:14.759 align:start position:0% on biomes biomes you probably played in 00:00:14.759 --> 00:00:16.510 align:start position:0% on biomes biomes you probably played in the<00:00:14.879> gaming<00:00:15.200> Corner<00:00:15.559> over<00:00:15.759> there<00:00:16.119> there<00:00:16.359> or 00:00:16.510 --> 00:00:16.520 align:start position:0% the gaming Corner over there there or 00:00:16.520 --> 00:00:18.070 align:start position:0% the gaming Corner over there there or maybe<00:00:16.720> you<00:00:16.800> saw<00:00:17.000> the<00:00:17.119> demo<00:00:17.359> earlier<00:00:17.640> in<00:00:17.720> the 00:00:18.070 --> 00:00:18.080 align:start position:0% maybe you saw the demo earlier in the 00:00:18.080 --> 00:00:20.150 align:start position:0% maybe you saw the demo earlier in the morning<00:00:19.080> um<00:00:19.279> you<00:00:19.359> can 00:00:20.150 --> 00:00:20.160 align:start position:0% morning um you can 00:00:20.160 --> 00:00:22.710 align:start position:0% morning um you can also<00:00:21.160> uh<00:00:21.359> you<00:00:21.439> know<00:00:21.560> just<00:00:21.680> go<00:00:21.760> and<00:00:21.880> BIW<00:00:22.640> and 00:00:22.710 --> 00:00:22.720 align:start position:0% also uh you know just go and BIW and 00:00:22.720 --> 00:00:24.230 align:start position:0% also uh you know just go and BIW and actually<00:00:22.960> play<00:00:23.160> it<00:00:23.560> so<00:00:23.720> today<00:00:23.920> we're<00:00:24.080> going<00:00:24.160> to 00:00:24.230 --> 00:00:24.240 align:start position:0% actually play it so today we're going to 00:00:24.240 --> 00:00:26.230 align:start position:0% actually play it so today we're going to talk<00:00:24.400> about<00:00:24.560> growing<00:00:24.840> the<00:00:25.000> biomes<00:00:25.359> GDP<00:00:25.960> which 00:00:26.230 --> 00:00:26.240 align:start position:0% talk about growing the biomes GDP which 00:00:26.240 --> 00:00:27.509 align:start position:0% talk about growing the biomes GDP which the<00:00:26.439> primary<00:00:26.760> thing<00:00:26.920> we're<00:00:27.039> trying<00:00:27.199> to<00:00:27.320> prove 00:00:27.509 --> 00:00:27.519 align:start position:0% the primary thing we're trying to prove 00:00:27.519 --> 00:00:29.390 align:start position:0% the primary thing we're trying to prove out<00:00:27.679> with<00:00:27.800> biomes<00:00:28.279> and<00:00:28.720> and<00:00:28.840> two<00:00:29.039> things<00:00:29.240> we 00:00:29.390 --> 00:00:29.400 align:start position:0% out with biomes and and two things we 00:00:29.400 --> 00:00:31.510 align:start position:0% out with biomes and and two things we want<00:00:29.480> to<00:00:29.640> use<00:00:30.240> to<00:00:30.400> try<00:00:30.599> and<00:00:30.800> Achieve<00:00:31.160> those 00:00:31.510 --> 00:00:31.520 align:start position:0% want to use to try and Achieve those 00:00:31.520 --> 00:00:33.470 align:start position:0% want to use to try and Achieve those goals<00:00:32.520> before<00:00:32.759> we<00:00:32.920> start<00:00:33.120> we're<00:00:33.239> going<00:00:33.320> to 00:00:33.470 --> 00:00:33.480 align:start position:0% goals before we start we're going to 00:00:33.480 --> 00:00:35.510 align:start position:0% goals before we start we're going to take<00:00:33.680> just<00:00:33.920> like<00:00:34.360> a<00:00:34.520> minute<00:00:34.840> to<00:00:35.040> think<00:00:35.200> about 00:00:35.510 --> 00:00:35.520 align:start position:0% take just like a minute to think about 00:00:35.520 --> 00:00:38.389 align:start position:0% take just like a minute to think about why<00:00:35.680> we're<00:00:35.879> doing<00:00:36.239> this<00:00:36.840> uh<00:00:37.480> most<00:00:37.719> people<00:00:38.239> who 00:00:38.389 --> 00:00:38.399 align:start position:0% why we're doing this uh most people who 00:00:38.399 --> 00:00:40.270 align:start position:0% why we're doing this uh most people who view<00:00:38.680> ethereum<00:00:39.200> they<00:00:39.360> view<00:00:39.559> it<00:00:39.680> as<00:00:39.800> an<00:00:39.960> open 00:00:40.270 --> 00:00:40.280 align:start position:0% view ethereum they view it as an open 00:00:40.280 --> 00:00:42.670 align:start position:0% view ethereum they view it as an open Financial<00:00:40.800> system<00:00:41.520> if<00:00:41.640> you<00:00:42.039> view<00:00:42.239> it<00:00:42.399> this<00:00:42.520> way 00:00:42.670 --> 00:00:42.680 align:start position:0% Financial system if you view it this way 00:00:42.680 --> 00:00:44.190 align:start position:0% Financial system if you view it this way you<00:00:42.840> care<00:00:43.079> about<00:00:43.320> a<00:00:43.480> particular<00:00:43.879> set<00:00:44.000> of 00:00:44.190 --> 00:00:44.200 align:start position:0% you care about a particular set of 00:00:44.200 --> 00:00:46.229 align:start position:0% you care about a particular set of things<00:00:44.719> you<00:00:44.879> care<00:00:45.039> about<00:00:45.200> stable<00:00:45.559> coins<00:00:45.960> on 00:00:46.229 --> 00:00:46.239 align:start position:0% things you care about stable coins on 00:00:46.239 --> 00:00:49.430 align:start position:0% things you care about stable coins on rwas<00:00:46.960> treasuries<00:00:47.920> wallets<00:00:48.320> and<00:00:48.480> payments<00:00:49.320> but 00:00:49.430 --> 00:00:49.440 align:start position:0% rwas treasuries wallets and payments but 00:00:49.440 --> 00:00:51.270 align:start position:0% rwas treasuries wallets and payments but this<00:00:49.559> is<00:00:49.719> kind<00:00:49.840> of<00:00:50.000> the<00:00:50.160> weird<00:00:50.480> room<00:00:50.920> this<00:00:51.039> is 00:00:51.270 --> 00:00:51.280 align:start position:0% this is kind of the weird room this is 00:00:51.280 --> 00:00:54.189 align:start position:0% this is kind of the weird room this is that's<00:00:51.440> why<00:00:51.559> it's<00:00:51.640> in<00:00:51.719> a<00:00:51.960> classroom<00:00:52.960> and<00:00:53.320> uh 00:00:54.189 --> 00:00:54.199 align:start position:0% that's why it's in a classroom and uh 00:00:54.199 --> 00:00:55.470 align:start position:0% that's why it's in a classroom and uh it's<00:00:54.440> it's<00:00:54.559> a<00:00:54.640> bit<00:00:54.760> of<00:00:54.840> a<00:00:54.960> different<00:00:55.160> scene 00:00:55.470 --> 00:00:55.480 align:start position:0% it's it's a bit of a different scene 00:00:55.480 --> 00:00:57.549 align:start position:0% it's it's a bit of a different scene it's<00:00:55.719> not<00:00:56.160> interested<00:00:56.559> in<00:00:56.719> moving<00:00:57.320> our 00:00:57.549 --> 00:00:57.559 align:start position:0% it's not interested in moving our 00:00:57.559 --> 00:01:00.229 align:start position:0% it's not interested in moving our existing<00:00:57.920> World<00:00:58.160> on<00:00:58.320> chain<00:00:59.199> rather<00:00:59.480> it's<00:00:59.960> Ed 00:01:00.229 --> 00:01:00.239 align:start position:0% existing World on chain rather it's Ed 00:01:00.239 --> 00:01:02.389 align:start position:0% existing World on chain rather it's Ed in<00:01:00.359> trying<00:01:00.559> to<00:01:00.719> uncover<00:01:01.559> a<00:01:01.719> totally<00:01:02.079> new<00:01:02.239> and 00:01:02.389 --> 00:01:02.399 align:start position:0% in trying to uncover a totally new and 00:01:02.399 --> 00:01:04.469 align:start position:0% in trying to uncover a totally new and weird<00:01:02.680> future<00:01:03.239> that's<00:01:03.800> very<00:01:04.040> different<00:01:04.320> from 00:01:04.469 --> 00:01:04.479 align:start position:0% weird future that's very different from 00:01:04.479 --> 00:01:07.070 align:start position:0% weird future that's very different from the<00:01:04.559> world<00:01:04.799> that<00:01:04.920> exists<00:01:05.600> today<00:01:06.600> and<00:01:06.760> if<00:01:06.880> I<00:01:06.960> was 00:01:07.070 --> 00:01:07.080 align:start position:0% the world that exists today and if I was 00:01:07.080 --> 00:01:08.870 align:start position:0% the world that exists today and if I was going<00:01:07.159> to<00:01:07.320> sum<00:01:07.560> up<00:01:07.759> the<00:01:07.960> core<00:01:08.280> question<00:01:08.680> that's 00:01:08.870 --> 00:01:08.880 align:start position:0% going to sum up the core question that's 00:01:08.880 --> 00:01:10.550 align:start position:0% going to sum up the core question that's being<00:01:09.240> asked<00:01:09.560> in<00:01:09.720> this 00:01:10.550 --> 00:01:10.560 align:start position:0% being asked in this 00:01:10.560 --> 00:01:12.990 align:start position:0% being asked in this room<00:01:11.560> okay<00:01:12.040> I<00:01:12.119> think<00:01:12.360> people<00:01:12.600> probably<00:01:12.840> will 00:01:12.990 --> 00:01:13.000 align:start position:0% room okay I think people probably will 00:01:13.000 --> 00:01:14.190 align:start position:0% room okay I think people probably will have<00:01:13.080> a<00:01:13.240> problem<00:01:13.479> with<00:01:13.600> me<00:01:13.759> speaking<00:01:14.080> on 00:01:14.190 --> 00:01:14.200 align:start position:0% have a problem with me speaking on 00:01:14.200 --> 00:01:16.350 align:start position:0% have a problem with me speaking on behalf<00:01:14.479> of<00:01:14.560> the<00:01:14.680> room<00:01:14.920> but<00:01:15.080> I<00:01:15.159> will<00:01:15.320> do<00:01:15.439> it<00:01:15.960> if 00:01:16.350 --> 00:01:16.360 align:start position:0% behalf of the room but I will do it if 00:01:16.360 --> 00:01:18.510 align:start position:0% behalf of the room but I will do it if if<00:01:16.520> Bitcoin<00:01:17.080> was<00:01:17.360> able<00:01:17.600> to<00:01:17.799> birth<00:01:18.159> digital 00:01:18.510 --> 00:01:18.520 align:start position:0% if Bitcoin was able to birth digital 00:01:18.520 --> 00:01:20.030 align:start position:0% if Bitcoin was able to birth digital coins<00:01:18.880> that<00:01:19.080> people<00:01:19.280> treat<00:01:19.600> like<00:01:19.759> real 00:01:20.030 --> 00:01:20.040 align:start position:0% coins that people treat like real 00:01:20.040 --> 00:01:22.789 align:start position:0% coins that people treat like real valuable<00:01:20.520> coins<00:01:21.240> can<00:01:21.400> we<00:01:21.640> basically<00:01:22.240> 100x 00:01:22.789 --> 00:01:22.799 align:start position:0% valuable coins can we basically 100x 00:01:22.799 --> 00:01:24.950 align:start position:0% valuable coins can we basically 100x this<00:01:23.360> and<00:01:23.560> birth<00:01:23.840> a<00:01:24.040> digital<00:01:24.439> planet<00:01:24.799> that 00:01:24.950 --> 00:01:24.960 align:start position:0% this and birth a digital planet that 00:01:24.960 --> 00:01:28.030 align:start position:0% this and birth a digital planet that people<00:01:25.200> treat<00:01:25.520> like<00:01:25.680> a<00:01:25.799> real<00:01:26.600> planet<00:01:27.600> and<00:01:27.880> and 00:01:28.030 --> 00:01:28.040 align:start position:0% people treat like a real planet and and 00:01:28.040 --> 00:01:29.390 align:start position:0% people treat like a real planet and and I<00:01:28.119> think<00:01:28.280> the<00:01:28.360> short<00:01:28.640> answer<00:01:28.840> is<00:01:28.960> that<00:01:29.159> I<00:01:29.240> think 00:01:29.390 --> 00:01:29.400 align:start position:0% I think the short answer is that I think 00:01:29.400 --> 00:01:31.149 align:start position:0% I think the short answer is that I think we<00:01:29.560> can<00:01:29.799> and<00:01:29.920> and<00:01:30.000> I<00:01:30.119> think<00:01:30.560> it<00:01:30.759> actually<00:01:31.000> might 00:01:31.149 --> 00:01:31.159 align:start position:0% we can and and I think it actually might 00:01:31.159 --> 00:01:32.710 align:start position:0% we can and and I think it actually might end<00:01:31.320> up<00:01:31.439> being<00:01:31.680> much<00:01:31.840> more<00:01:32.079> simple<00:01:32.439> and 00:01:32.710 --> 00:01:32.720 align:start position:0% end up being much more simple and 00:01:32.720 --> 00:01:34.149 align:start position:0% end up being much more simple and obvious<00:01:33.320> than<00:01:33.479> we<00:01:33.640> might<00:01:33.759> have<00:01:33.960> thought 00:01:34.149 --> 00:01:34.159 align:start position:0% obvious than we might have thought 00:01:34.159 --> 00:01:36.069 align:start position:0% obvious than we might have thought before<00:01:34.479> there<00:01:34.600> might<00:01:34.759> be<00:01:34.840> a<00:01:34.960> line<00:01:35.119> of<00:01:35.240> sight<00:01:35.479> to 00:01:36.069 --> 00:01:36.079 align:start position:0% before there might be a line of sight to 00:01:36.079 --> 00:01:38.429 align:start position:0% before there might be a line of sight to this<00:01:37.079> um<00:01:37.399> I<00:01:37.479> think<00:01:37.640> what<00:01:37.759> we<00:01:37.880> should<00:01:38.000> just<00:01:38.200> do 00:01:38.429 --> 00:01:38.439 align:start position:0% this um I think what we should just do 00:01:38.439 --> 00:01:40.670 align:start position:0% this um I think what we should just do is<00:01:38.600> we<00:01:38.680> should<00:01:38.920> take<00:01:39.240> ideas<00:01:39.960> that<00:01:40.200> already 00:01:40.670 --> 00:01:40.680 align:start position:0% is we should take ideas that already 00:01:40.680 --> 00:01:43.149 align:start position:0% is we should take ideas that already work<00:01:41.520> and<00:01:41.680> we<00:01:41.759> should<00:01:41.960> just<00:01:42.200> reshape<00:01:42.799> them 00:01:43.149 --> 00:01:43.159 align:start position:0% work and we should just reshape them 00:01:43.159 --> 00:01:44.510 align:start position:0% work and we should just reshape them right<00:01:43.280> we<00:01:43.360> should<00:01:43.560> reshape<00:01:44.000> them<00:01:44.159> from<00:01:44.320> being 00:01:44.510 --> 00:01:44.520 align:start position:0% right we should reshape them from being 00:01:44.520 --> 00:01:46.910 align:start position:0% right we should reshape them from being built<00:01:44.799> for<00:01:45.119> finance<00:01:46.119> and<00:01:46.280> and<00:01:46.439> just<00:01:46.640> and<00:01:46.759> just 00:01:46.910 --> 00:01:46.920 align:start position:0% built for finance and and just and just 00:01:46.920 --> 00:01:49.109 align:start position:0% built for finance and and just and just make<00:01:47.119> them<00:01:47.640> work<00:01:47.880> with<00:01:48.040> Virtual<00:01:48.360> Worlds<00:01:48.799> right 00:01:49.109 --> 00:01:49.119 align:start position:0% make them work with Virtual Worlds right 00:01:49.119 --> 00:01:51.030 align:start position:0% make them work with Virtual Worlds right so<00:01:49.320> we<00:01:49.479> we<00:01:49.560> got<00:01:49.719> to<00:01:49.799> take<00:01:49.960> the<00:01:50.079> idea<00:01:50.360> of<00:01:50.479> scarse 00:01:51.030 --> 00:01:51.040 align:start position:0% so we we got to take the idea of scarse 00:01:51.040 --> 00:01:53.429 align:start position:0% so we we got to take the idea of scarse digital<00:01:51.479> coins<00:01:52.479> and<00:01:52.640> and<00:01:52.799> and<00:01:52.920> convert<00:01:53.320> that 00:01:53.429 --> 00:01:53.439 align:start position:0% digital coins and and and convert that 00:01:53.439 --> 00:01:55.709 align:start position:0% digital coins and and and convert that to<00:01:53.600> scarse<00:01:54.079> digital<00:01:54.399> matter<00:01:55.159> we<00:01:55.280> got<00:01:55.399> to<00:01:55.560> take 00:01:55.709 --> 00:01:55.719 align:start position:0% to scarse digital matter we got to take 00:01:55.719 --> 00:01:57.789 align:start position:0% to scarse digital matter we got to take temper<00:01:56.200> IUS<00:01:56.880> and<00:01:57.000> turn<00:01:57.159> that<00:01:57.320> into<00:01:57.479> temper 00:01:57.789 --> 00:01:57.799 align:start position:0% temper IUS and turn that into temper 00:01:57.799 --> 00:02:00.029 align:start position:0% temper IUS and turn that into temper proof<00:01:58.039> physics<00:01:58.920> and<00:01:59.039> we<00:01:59.159> got<00:01:59.280> to<00:01:59.360> take<00:01:59.479> smart 00:02:00.029 --> 00:02:00.039 align:start position:0% proof physics and we got to take smart 00:02:00.039 --> 00:02:02.469 align:start position:0% proof physics and we got to take smart contracts<00:02:00.840> and<00:02:00.960> turn<00:02:01.159> that<00:02:01.320> into<00:02:01.479> smart<00:02:01.759> items 00:02:02.469 --> 00:02:02.479 align:start position:0% contracts and turn that into smart items 00:02:02.479 --> 00:02:04.069 align:start position:0% contracts and turn that into smart items and<00:02:02.640> that's<00:02:03.079> basically<00:02:03.439> what<00:02:03.600> this<00:02:03.719> talk<00:02:03.920> will 00:02:04.069 --> 00:02:04.079 align:start position:0% and that's basically what this talk will 00:02:04.079 --> 00:02:05.830 align:start position:0% and that's basically what this talk will be<00:02:04.240> about<00:02:04.600> and<00:02:04.719> we're<00:02:04.880> going<00:02:04.960> to<00:02:05.479> actually 00:02:05.830 --> 00:02:05.840 align:start position:0% be about and we're going to actually 00:02:05.840 --> 00:02:07.510 align:start position:0% be about and we're going to actually make<00:02:06.000> this<00:02:06.200> concrete<00:02:06.680> with<00:02:06.880> examples<00:02:07.320> of<00:02:07.399> us 00:02:07.510 --> 00:02:07.520 align:start position:0% make this concrete with examples of us 00:02:07.520 --> 00:02:09.430 align:start position:0% make this concrete with examples of us trying<00:02:07.680> to<00:02:07.759> do<00:02:07.960> this<00:02:08.039> within<00:02:08.360> biomes<00:02:09.160> and<00:02:09.280> I 00:02:09.430 --> 00:02:09.440 align:start position:0% trying to do this within biomes and I 00:02:09.440 --> 00:02:11.589 align:start position:0% trying to do this within biomes and I hope<00:02:09.679> that<00:02:09.879> makes<00:02:10.239> this<00:02:10.479> much<00:02:10.640> more 00:02:11.589 --> 00:02:11.599 align:start position:0% hope that makes this much more 00:02:11.599 --> 00:02:14.470 align:start position:0% hope that makes this much more legible<00:02:12.599> um<00:02:13.000> and<00:02:13.160> the<00:02:13.319> claim<00:02:13.879> with<00:02:14.080> those<00:02:14.319> with 00:02:14.470 --> 00:02:14.480 align:start position:0% legible um and the claim with those with 00:02:14.480 --> 00:02:16.550 align:start position:0% legible um and the claim with those with those<00:02:14.640> three<00:02:14.879> pieces<00:02:15.319> the<00:02:15.440> the<00:02:15.560> claim<00:02:15.879> is<00:02:16.120> that 00:02:16.550 --> 00:02:16.560 align:start position:0% those three pieces the the claim is that 00:02:16.560 --> 00:02:19.030 align:start position:0% those three pieces the the claim is that the<00:02:16.760> digital<00:02:17.080> matter<00:02:17.400> and<00:02:17.560> smart<00:02:17.920> items<00:02:18.840> can 00:02:19.030 --> 00:02:19.040 align:start position:0% the digital matter and smart items can 00:02:19.040 --> 00:02:21.710 align:start position:0% the digital matter and smart items can birth<00:02:19.319> a<00:02:19.519> crazy<00:02:19.879> new<00:02:20.120> asset<00:02:20.599> class<00:02:21.599> the 00:02:21.710 --> 00:02:21.720 align:start position:0% birth a crazy new asset class the 00:02:21.720 --> 00:02:24.070 align:start position:0% birth a crazy new asset class the weirdest<00:02:22.120> asset<00:02:22.440> class<00:02:22.680> the<00:02:22.760> world<00:02:23.000> has<00:02:23.120> seen 00:02:24.070 --> 00:02:24.080 align:start position:0% weirdest asset class the world has seen 00:02:24.080 --> 00:02:26.430 align:start position:0% weirdest asset class the world has seen and<00:02:24.440> that<00:02:24.800> if<00:02:24.920> it<00:02:25.080> gets<00:02:25.319> mind<00:02:25.640> share<00:02:26.000> will<00:02:26.239> will 00:02:26.430 --> 00:02:26.440 align:start position:0% and that if it gets mind share will will 00:02:26.440 --> 00:02:28.270 align:start position:0% and that if it gets mind share will will unlock<00:02:26.840> autonomous<00:02:27.319> worlds<00:02:27.879> it<00:02:27.959> will<00:02:28.120> make 00:02:28.270 --> 00:02:28.280 align:start position:0% unlock autonomous worlds it will make 00:02:28.280 --> 00:02:30.869 align:start position:0% unlock autonomous worlds it will make them<00:02:28.519> super<00:02:28.920> obvious<00:02:29.920> super<00:02:30.200> visceral<00:02:30.720> and 00:02:30.869 --> 00:02:30.879 align:start position:0% them super obvious super visceral and 00:02:30.879 --> 00:02:32.390 align:start position:0% them super obvious super visceral and you<00:02:31.319> will<00:02:31.519> never<00:02:31.720> have<00:02:31.840> to<00:02:32.000> answer<00:02:32.239> the 00:02:32.390 --> 00:02:32.400 align:start position:0% you will never have to answer the 00:02:32.400 --> 00:02:34.229 align:start position:0% you will never have to answer the question<00:02:32.680> of<00:02:32.879> why<00:02:33.000> you<00:02:33.120> put<00:02:33.280> this<00:02:33.360> on 00:02:34.229 --> 00:02:34.239 align:start position:0% question of why you put this on 00:02:34.239 --> 00:02:36.470 align:start position:0% question of why you put this on train<00:02:35.239> so<00:02:35.440> to<00:02:35.560> make<00:02:35.760> things<00:02:35.959> come<00:02:36.239> let's<00:02:36.360> look 00:02:36.470 --> 00:02:36.480 align:start position:0% train so to make things come let's look 00:02:36.480 --> 00:02:39.070 align:start position:0% train so to make things come let's look at<00:02:36.640> biomes<00:02:37.440> uh<00:02:37.560> on<00:02:37.720> the<00:02:37.879> surface<00:02:38.480> biomes<00:02:38.920> is 00:02:39.070 --> 00:02:39.080 align:start position:0% at biomes uh on the surface biomes is 00:02:39.080 --> 00:02:40.990 align:start position:0% at biomes uh on the surface biomes is just<00:02:39.280> Minecraft<00:02:39.800> with<00:02:39.959> everything<00:02:40.200> on<00:02:40.400> chain 00:02:40.990 --> 00:02:41.000 align:start position:0% just Minecraft with everything on chain 00:02:41.000 --> 00:02:43.270 align:start position:0% just Minecraft with everything on chain you<00:02:41.120> can<00:02:41.440> you<00:02:41.760> you<00:02:41.959> probably<00:02:42.159> tried<00:02:42.360> it<00:02:42.519> out 00:02:43.270 --> 00:02:43.280 align:start position:0% you can you you probably tried it out 00:02:43.280 --> 00:02:45.309 align:start position:0% you can you you probably tried it out the<00:02:43.440> items<00:02:43.800> players<00:02:44.319> physics<00:02:44.879> all<00:02:45.080> the 00:02:45.309 --> 00:02:45.319 align:start position:0% the items players physics all the 00:02:45.319 --> 00:02:47.630 align:start position:0% the items players physics all the actions<00:02:46.040> you<00:02:46.159> can<00:02:46.280> see<00:02:46.480> it<00:02:46.640> move<00:02:46.920> and<00:02:47.239> mine<00:02:47.480> and 00:02:47.630 --> 00:02:47.640 align:start position:0% actions you can see it move and mine and 00:02:47.640 --> 00:02:49.790 align:start position:0% actions you can see it move and mine and build<00:02:47.879> it's<00:02:48.000> all<00:02:48.120> on<00:02:48.280> chain<00:02:49.280> you<00:02:49.400> know<00:02:49.680> right 00:02:49.790 --> 00:02:49.800 align:start position:0% build it's all on chain you know right 00:02:49.800 --> 00:02:51.990 align:start position:0% build it's all on chain you know right now<00:02:50.080> there's<00:02:50.360> like<00:02:50.879> a<00:02:51.200> this<00:02:51.400> like<00:02:51.560> client 00:02:51.990 --> 00:02:52.000 align:start position:0% now there's like a this like client 00:02:52.000 --> 00:02:53.710 align:start position:0% now there's like a this like client optimization<00:02:52.720> thing<00:02:52.920> going<00:02:53.120> on<00:02:53.319> to<00:02:53.440> make<00:02:53.599> this 00:02:53.710 --> 00:02:53.720 align:start position:0% optimization thing going on to make this 00:02:53.720 --> 00:02:56.070 align:start position:0% optimization thing going on to make this work<00:02:54.440> sometimes<00:02:54.640> it'll<00:02:54.800> be<00:02:54.959> bugs<00:02:55.800> but<00:02:55.959> you 00:02:56.070 --> 00:02:56.080 align:start position:0% work sometimes it'll be bugs but you 00:02:56.080 --> 00:02:58.190 align:start position:0% work sometimes it'll be bugs but you know<00:02:56.440> I<00:02:56.599> I<00:02:56.640> think<00:02:56.760> you<00:02:56.879> got<00:02:57.000> a<00:02:57.159> press<00:02:57.360> or<00:02:57.680> t<00:02:57.959> dot 00:02:58.190 --> 00:02:58.200 align:start position:0% know I I think you got a press or t dot 00:02:58.200 --> 00:02:59.949 align:start position:0% know I I think you got a press or t dot wherever<00:02:58.440> you<00:02:58.560> find<00:02:58.800> him<00:02:59.000> to<00:02:59.239> make<00:02:59.440> Cory<00:02:59.720> go<00:02:59.840> go 00:02:59.949 --> 00:02:59.959 align:start position:0% wherever you find him to make Cory go go 00:02:59.959 --> 00:03:01.910 align:start position:0% wherever you find him to make Cory go go main<00:03:00.159> net<00:03:00.400> faster<00:03:01.080> and<00:03:01.280> then<00:03:01.519> and<00:03:01.640> then<00:03:01.840> and 00:03:01.910 --> 00:03:01.920 align:start position:0% main net faster and then and then and 00:03:01.920 --> 00:03:05.789 align:start position:0% main net faster and then and then and then<00:03:02.040> this<00:03:02.159> will<00:03:02.319> not<00:03:02.799> happen<00:03:04.200> um<00:03:05.200> and<00:03:05.599> what's 00:03:05.789 --> 00:03:05.799 align:start position:0% then this will not happen um and what's 00:03:05.799 --> 00:03:07.990 align:start position:0% then this will not happen um and what's been<00:03:06.040> H<00:03:06.280> happening<00:03:06.720> with<00:03:06.879> biomes<00:03:07.400> ever<00:03:07.599> since 00:03:07.990 --> 00:03:08.000 align:start position:0% been H happening with biomes ever since 00:03:08.000 --> 00:03:09.910 align:start position:0% been H happening with biomes ever since we<00:03:08.080> have<00:03:08.239> sort<00:03:08.440> of<00:03:08.760> been<00:03:08.959> in<00:03:09.080> our<00:03:09.239> Alpha<00:03:09.599> phase 00:03:09.910 --> 00:03:09.920 align:start position:0% we have sort of been in our Alpha phase 00:03:09.920 --> 00:03:13.270 align:start position:0% we have sort of been in our Alpha phase the<00:03:10.080> last<00:03:10.319> month<00:03:11.159> is<00:03:12.159> it's<00:03:12.319> it's<00:03:12.519> coming<00:03:12.799> alive 00:03:13.270 --> 00:03:13.280 align:start position:0% the last month is it's it's coming alive 00:03:13.280 --> 00:03:14.550 align:start position:0% the last month is it's it's coming alive the<00:03:13.360> world<00:03:13.519> is<00:03:13.680> coming<00:03:13.920> alive<00:03:14.200> there's<00:03:14.360> a<00:03:14.440> lot 00:03:14.550 --> 00:03:14.560 align:start position:0% the world is coming alive there's a lot 00:03:14.560 --> 00:03:16.229 align:start position:0% the world is coming alive there's a lot of<00:03:14.680> more<00:03:14.879> activity<00:03:15.319> we're<00:03:15.480> sort<00:03:15.599> of<00:03:15.799> seeing<00:03:16.000> a 00:03:16.229 --> 00:03:16.239 align:start position:0% of more activity we're sort of seeing a 00:03:16.239 --> 00:03:18.350 align:start position:0% of more activity we're sort of seeing a go<00:03:16.799> the<00:03:16.959> transactions<00:03:17.519> are<00:03:17.760> up<00:03:17.920> and<00:03:18.000> to<00:03:18.159> the 00:03:18.350 --> 00:03:18.360 align:start position:0% go the transactions are up and to the 00:03:18.360 --> 00:03:20.190 align:start position:0% go the transactions are up and to the right<00:03:18.840> you<00:03:18.920> know<00:03:19.080> the<00:03:19.200> players<00:03:19.599> up<00:03:19.720> and<00:03:19.840> to<00:03:20.000> the 00:03:20.190 --> 00:03:20.200 align:start position:0% right you know the players up and to the 00:03:20.200 --> 00:03:22.350 align:start position:0% right you know the players up and to the right<00:03:20.680> GDP<00:03:21.120> up<00:03:21.280> and<00:03:21.360> to<00:03:21.519> the<00:03:21.680> right<00:03:22.000> everything 00:03:22.350 --> 00:03:22.360 align:start position:0% right GDP up and to the right everything 00:03:22.360 --> 00:03:24.390 align:start position:0% right GDP up and to the right everything bullish<00:03:23.159> there's<00:03:23.440> uh<00:03:23.599> people<00:03:23.920> like<00:03:24.080> Ben<00:03:24.280> who 00:03:24.390 --> 00:03:24.400 align:start position:0% bullish there's uh people like Ben who 00:03:24.400 --> 00:03:26.670 align:start position:0% bullish there's uh people like Ben who are<00:03:24.519> spending<00:03:24.920> 5<00:03:25.159> hours<00:03:25.480> building<00:03:25.879> something 00:03:26.670 --> 00:03:26.680 align:start position:0% are spending 5 hours building something 00:03:26.680 --> 00:03:29.429 align:start position:0% are spending 5 hours building something Dei<00:03:27.120> spending<00:03:27.519> 8<00:03:27.840> hours<00:03:28.400> plus<00:03:28.720> days<00:03:29.000> mining 00:03:29.429 --> 00:03:29.439 align:start position:0% Dei spending 8 hours plus days mining 00:03:29.439 --> 00:03:30.470 align:start position:0% Dei spending 8 hours plus days mining stuff 00:03:30.470 --> 00:03:30.480 align:start position:0% stuff 00:03:30.480 --> 00:03:32.509 align:start position:0% stuff um<00:03:30.680> you<00:03:30.799> know<00:03:30.920> so<00:03:31.080> people<00:03:31.239> are<00:03:31.360> doing<00:03:31.680> stuff<00:03:32.360> uh 00:03:32.509 --> 00:03:32.519 align:start position:0% um you know so people are doing stuff uh 00:03:32.519 --> 00:03:35.149 align:start position:0% um you know so people are doing stuff uh Redstone<00:03:33.159> is<00:03:33.400> like<00:03:34.159> sometimes<00:03:34.439> in<00:03:34.640> the<00:03:34.879> top 00:03:35.149 --> 00:03:35.159 align:start position:0% Redstone is like sometimes in the top 00:03:35.159 --> 00:03:38.470 align:start position:0% Redstone is like sometimes in the top five<00:03:35.400> changing<00:03:35.840> rob.<00:03:36.840> WTF<00:03:37.480> which<00:03:37.599> is<00:03:38.239> really 00:03:38.470 --> 00:03:38.480 align:start position:0% five changing rob. WTF which is really 00:03:38.480 --> 00:03:40.670 align:start position:0% five changing rob. WTF which is really funny<00:03:38.840> considering<00:03:39.439> this<00:03:39.799> like<00:03:40.159> barely<00:03:40.480> ever 00:03:40.670 --> 00:03:40.680 align:start position:0% funny considering this like barely ever 00:03:40.680 --> 00:03:44.229 align:start position:0% funny considering this like barely ever hits<00:03:40.920> 15<00:03:41.360> current<00:03:41.640> players<00:03:42.120> right<00:03:42.920> um<00:03:43.599> and<00:03:44.080> and 00:03:44.229 --> 00:03:44.239 align:start position:0% hits 15 current players right um and and 00:03:44.239 --> 00:03:46.309 align:start position:0% hits 15 current players right um and and ditto<00:03:44.720> can<00:03:44.920> ditto's<00:03:45.319> a<00:03:45.480> Community<00:03:45.920> member<00:03:46.200> who 00:03:46.309 --> 00:03:46.319 align:start position:0% ditto can ditto's a Community member who 00:03:46.319 --> 00:03:48.949 align:start position:0% ditto can ditto's a Community member who made<00:03:46.519> this<00:03:46.799> Grand<00:03:47.319> claim<00:03:48.080> that<00:03:48.239> biom<00:03:48.640> felds 00:03:48.949 --> 00:03:48.959 align:start position:0% made this Grand claim that biom felds 00:03:48.959 --> 00:03:51.390 align:start position:0% made this Grand claim that biom felds like<00:03:49.080> ethereum<00:03:49.519> but<00:03:49.680> more<00:03:50.120> playful<00:03:51.120> and<00:03:51.200> so 00:03:51.390 --> 00:03:51.400 align:start position:0% like ethereum but more playful and so 00:03:51.400 --> 00:03:52.630 align:start position:0% like ethereum but more playful and so what<00:03:51.480> we're<00:03:51.599> going<00:03:51.680> to<00:03:51.760> do<00:03:51.920> today<00:03:52.400> is<00:03:52.519> we're 00:03:52.630 --> 00:03:52.640 align:start position:0% what we're going to do today is we're 00:03:52.640 --> 00:03:54.630 align:start position:0% what we're going to do today is we're going<00:03:52.720> to<00:03:52.840> go<00:03:53.040> down<00:03:53.200> the<00:03:53.360> rabbit<00:03:53.760> hole<00:03:54.360> why<00:03:54.480> are 00:03:54.630 --> 00:03:54.640 align:start position:0% going to go down the rabbit hole why are 00:03:54.640 --> 00:03:57.270 align:start position:0% going to go down the rabbit hole why are people<00:03:54.879> so<00:03:55.200> excited<00:03:56.200> if<00:03:56.439> on<00:03:56.519> the<00:03:56.599> surface<00:03:57.120> just 00:03:57.270 --> 00:03:57.280 align:start position:0% people so excited if on the surface just 00:03:57.280 --> 00:03:59.309 align:start position:0% people so excited if on the surface just it<00:03:57.400> just<00:03:57.519> looks<00:03:57.680> like<00:03:57.840> onchain<00:03:58.319> Minecraft<00:03:59.200> why 00:03:59.309 --> 00:03:59.319 align:start position:0% it just looks like onchain Minecraft why 00:03:59.319 --> 00:04:01.350 align:start position:0% it just looks like onchain Minecraft why are<00:03:59.400> we<00:03:59.519> even<00:03:59.799> doing<00:04:00.040> this<00:04:00.280> right<00:04:00.920> the<00:04:01.079> first 00:04:01.350 --> 00:04:01.360 align:start position:0% are we even doing this right the first 00:04:01.360 --> 00:04:03.630 align:start position:0% are we even doing this right the first concept<00:04:01.799> is<00:04:02.040> digital<00:04:02.439> matter<00:04:03.040> the<00:04:03.200> thing<00:04:03.519> the 00:04:03.630 --> 00:04:03.640 align:start position:0% concept is digital matter the thing the 00:04:03.640 --> 00:04:05.910 align:start position:0% concept is digital matter the thing the thing<00:04:03.799> we<00:04:03.959> brought<00:04:04.280> up<00:04:04.560> in<00:04:04.680> the<00:04:04.920> beginning 00:04:05.910 --> 00:04:05.920 align:start position:0% thing we brought up in the beginning 00:04:05.920 --> 00:04:07.910 align:start position:0% thing we brought up in the beginning think<00:04:06.120> of<00:04:06.280> digital<00:04:06.640> matter<00:04:07.079> as<00:04:07.280> a<00:04:07.480> playful 00:04:07.910 --> 00:04:07.920 align:start position:0% think of digital matter as a playful 00:04:07.920 --> 00:04:10.470 align:start position:0% think of digital matter as a playful vision<00:04:08.200> of<00:04:08.360> blockchain<00:04:08.799> created<00:04:09.200> scarcity<00:04:10.200> so 00:04:10.470 --> 00:04:10.480 align:start position:0% vision of blockchain created scarcity so 00:04:10.480 --> 00:04:12.869 align:start position:0% vision of blockchain created scarcity so while<00:04:10.720> in<00:04:10.920> Bitcoin<00:04:11.319> you<00:04:11.439> have<00:04:11.560> scarse<00:04:12.000> coins 00:04:12.869 --> 00:04:12.879 align:start position:0% while in Bitcoin you have scarse coins 00:04:12.879 --> 00:04:15.110 align:start position:0% while in Bitcoin you have scarse coins in<00:04:13.079> biomes<00:04:13.519> you<00:04:13.640> have<00:04:13.760> scarse<00:04:14.239> crops<00:04:14.599> and<00:04:14.799> wood 00:04:15.110 --> 00:04:15.120 align:start position:0% in biomes you have scarse crops and wood 00:04:15.120 --> 00:04:17.670 align:start position:0% in biomes you have scarse crops and wood and<00:04:15.239> ore<00:04:15.560> and<00:04:15.880> land<00:04:16.880> in<00:04:17.079> Bitcoin<00:04:17.479> you<00:04:17.560> have 00:04:17.670 --> 00:04:17.680 align:start position:0% and ore and land in Bitcoin you have 00:04:17.680 --> 00:04:19.949 align:start position:0% and ore and land in Bitcoin you have tamperproof<00:04:18.160> IUS<00:04:19.160> in<00:04:19.359> biomes<00:04:19.759> you<00:04:19.840> have 00:04:19.949 --> 00:04:19.959 align:start position:0% tamperproof IUS in biomes you have 00:04:19.959 --> 00:04:22.189 align:start position:0% tamperproof IUS in biomes you have tamperproof<00:04:20.320> physics<00:04:21.320> and<00:04:21.479> what<00:04:21.639> this<00:04:21.799> means 00:04:22.189 --> 00:04:22.199 align:start position:0% tamperproof physics and what this means 00:04:22.199 --> 00:04:25.430 align:start position:0% tamperproof physics and what this means is<00:04:23.000> if<00:04:23.199> there<00:04:23.400> is<00:04:23.520> a<00:04:23.800> tree<00:04:24.639> I<00:04:24.800> can't<00:04:25.080> just<00:04:25.320> like 00:04:25.430 --> 00:04:25.440 align:start position:0% is if there is a tree I can't just like 00:04:25.440 --> 00:04:27.629 align:start position:0% is if there is a tree I can't just like Snap<00:04:25.800> My<00:04:25.919> Fingers<00:04:26.280> and<00:04:26.440> mint<00:04:26.800> more<00:04:27.000> trees 00:04:27.629 --> 00:04:27.639 align:start position:0% Snap My Fingers and mint more trees 00:04:27.639 --> 00:04:30.029 align:start position:0% Snap My Fingers and mint more trees arbitrarily<00:04:28.639> the<00:04:28.800> only<00:04:29.120> way<00:04:29.280> for<00:04:29.479> their<00:04:29.800> to<00:04:29.880> be 00:04:30.029 --> 00:04:30.039 align:start position:0% arbitrarily the only way for their to be 00:04:30.039 --> 00:04:32.790 align:start position:0% arbitrarily the only way for their to be more<00:04:30.240> trees<00:04:31.039> is<00:04:31.240> if<00:04:31.400> I<00:04:31.639> farm<00:04:32.000> it<00:04:32.360> according<00:04:32.680> to 00:04:32.790 --> 00:04:32.800 align:start position:0% more trees is if I farm it according to 00:04:32.800 --> 00:04:35.710 align:start position:0% more trees is if I farm it according to the<00:04:32.960> physics<00:04:33.479> right<00:04:33.840> so<00:04:34.000> there's<00:04:34.320> always<00:04:34.759> like 00:04:35.710 --> 00:04:35.720 align:start position:0% the physics right so there's always like 00:04:35.720 --> 00:04:37.390 align:start position:0% the physics right so there's always like wood<00:04:36.039> is<00:04:36.240> actually 00:04:37.390 --> 00:04:37.400 align:start position:0% wood is actually 00:04:37.400 --> 00:04:39.670 align:start position:0% wood is actually valuable<00:04:38.400> and<00:04:38.560> if<00:04:38.639> you<00:04:38.759> do<00:04:39.000> like<00:04:39.160> the<00:04:39.320> weird 00:04:39.670 --> 00:04:39.680 align:start position:0% valuable and if you do like the weird 00:04:39.680 --> 00:04:42.150 align:start position:0% valuable and if you do like the weird thought<00:04:40.039> experiment<00:04:40.840> you<00:04:41.000> might<00:04:41.199> be<00:04:41.440> like<00:04:42.000> if 00:04:42.150 --> 00:04:42.160 align:start position:0% thought experiment you might be like if 00:04:42.160 --> 00:04:44.270 align:start position:0% thought experiment you might be like if Bitcoin<00:04:42.600> was<00:04:42.759> an<00:04:42.919> AWS<00:04:43.639> It<00:04:43.720> could<00:04:43.919> only<00:04:44.080> be 00:04:44.270 --> 00:04:44.280 align:start position:0% Bitcoin was an AWS It could only be 00:04:44.280 --> 00:04:46.670 align:start position:0% Bitcoin was an AWS It could only be worth<00:04:44.520> so<00:04:44.759> much<00:04:45.360> but<00:04:45.560> Bitcoin<00:04:46.039> with<00:04:46.240> charity 00:04:46.670 --> 00:04:46.680 align:start position:0% worth so much but Bitcoin with charity 00:04:46.680 --> 00:04:48.469 align:start position:0% worth so much but Bitcoin with charity and<00:04:46.800> tamperproof<00:04:47.240> rules<00:04:47.880> could<00:04:48.039> be<00:04:48.160> worth<00:04:48.360> a 00:04:48.469 --> 00:04:48.479 align:start position:0% and tamperproof rules could be worth a 00:04:48.479 --> 00:04:50.950 align:start position:0% and tamperproof rules could be worth a trillion<00:04:48.919> dollars<00:04:49.919> and<00:04:50.320> if<00:04:50.400> you<00:04:50.560> go<00:04:50.720> a<00:04:50.800> bit 00:04:50.950 --> 00:04:50.960 align:start position:0% trillion dollars and if you go a bit 00:04:50.960 --> 00:04:52.350 align:start position:0% trillion dollars and if you go a bit crazy<00:04:51.320> why<00:04:51.440> can't<00:04:51.639> the<00:04:51.759> same<00:04:51.960> happen<00:04:52.199> with 00:04:52.350 --> 00:04:52.360 align:start position:0% crazy why can't the same happen with 00:04:52.360 --> 00:04:54.909 align:start position:0% crazy why can't the same happen with digital<00:04:52.639> wood<00:04:53.000> right<00:04:53.440> you<00:04:53.680> you<00:04:53.880> have<00:04:54.160> like<00:04:54.560> Ben 00:04:54.909 --> 00:04:54.919 align:start position:0% digital wood right you you have like Ben 00:04:54.919 --> 00:04:57.430 align:start position:0% digital wood right you you have like Ben who's<00:04:55.720> maybe<00:04:56.000> thinks<00:04:56.479> one<00:04:56.680> Sakura<00:04:57.160> wood<00:04:57.360> will 00:04:57.430 --> 00:04:57.440 align:start position:0% who's maybe thinks one Sakura wood will 00:04:57.440 --> 00:04:58.189 align:start position:0% who's maybe thinks one Sakura wood will be<00:04:57.560> wor 00:04:58.189 --> 00:04:58.199 align:start position:0% be wor 00:04:58.199 --> 00:05:01.469 align:start position:0% be wor $31,000<00:04:59.199> so<00:04:59.840> like<00:05:00.479> this<00:05:00.600> can<00:05:00.840> happen<00:05:01.160> this<00:05:01.280> can 00:05:01.469 --> 00:05:01.479 align:start position:0% $31,000 so like this can happen this can 00:05:01.479 --> 00:05:03.510 align:start position:0% $31,000 so like this can happen this can happen<00:05:01.800> just<00:05:01.919> you<00:05:02.039> just<00:05:02.160> need<00:05:02.280> to<00:05:02.520> believe 00:05:03.510 --> 00:05:03.520 align:start position:0% happen just you just need to believe 00:05:03.520 --> 00:05:06.310 align:start position:0% happen just you just need to believe right<00:05:04.320> um<00:05:04.919> and<00:05:05.120> just<00:05:05.280> like<00:05:05.520> having<00:05:05.880> lots<00:05:06.160> of 00:05:06.310 --> 00:05:06.320 align:start position:0% right um and just like having lots of 00:05:06.320 --> 00:05:08.469 align:start position:0% right um and just like having lots of scars<00:05:06.759> Bitcoin<00:05:07.199> grants<00:05:07.520> you<00:05:07.800> power<00:05:08.160> power<00:05:08.360> in 00:05:08.469 --> 00:05:08.479 align:start position:0% scars Bitcoin grants you power power in 00:05:08.479 --> 00:05:10.510 align:start position:0% scars Bitcoin grants you power power in bitcoin's<00:05:08.919> World<00:05:09.479> controlling<00:05:10.039> lots<00:05:10.280> of<00:05:10.400> the 00:05:10.510 --> 00:05:10.520 align:start position:0% bitcoin's World controlling lots of the 00:05:10.520 --> 00:05:12.629 align:start position:0% bitcoin's World controlling lots of the scarse<00:05:10.960> resources<00:05:11.520> and<00:05:11.759> land<00:05:12.080> let<00:05:12.280> you<00:05:12.360> build 00:05:12.629 --> 00:05:12.639 align:start position:0% scarse resources and land let you build 00:05:12.639 --> 00:05:14.310 align:start position:0% scarse resources and land let you build businesses<00:05:13.520> and<00:05:13.639> be<00:05:13.840> effective<00:05:14.120> in<00:05:14.199> the 00:05:14.310 --> 00:05:14.320 align:start position:0% businesses and be effective in the 00:05:14.320 --> 00:05:16.590 align:start position:0% businesses and be effective in the biomes<00:05:14.960> world<00:05:15.960> the<00:05:16.080> second<00:05:16.320> thing<00:05:16.479> we're 00:05:16.590 --> 00:05:16.600 align:start position:0% biomes world the second thing we're 00:05:16.600 --> 00:05:18.350 align:start position:0% biomes world the second thing we're going<00:05:16.680> to<00:05:16.800> look<00:05:16.919> at<00:05:17.080> is<00:05:17.240> smart<00:05:17.560> items<00:05:17.919> so<00:05:18.240> at 00:05:18.350 --> 00:05:18.360 align:start position:0% going to look at is smart items so at 00:05:18.360 --> 00:05:19.469 align:start position:0% going to look at is smart items so at digital<00:05:18.639> matter<00:05:19.000> now<00:05:19.080> we're<00:05:19.199> going<00:05:19.280> to<00:05:19.360> look 00:05:19.469 --> 00:05:19.479 align:start position:0% digital matter now we're going to look 00:05:19.479 --> 00:05:22.510 align:start position:0% digital matter now we're going to look at<00:05:19.600> smart<00:05:20.280> items<00:05:21.280> smart<00:05:21.600> items<00:05:22.039> present<00:05:22.360> a 00:05:22.510 --> 00:05:22.520 align:start position:0% at smart items smart items present a 00:05:22.520 --> 00:05:24.950 align:start position:0% at smart items smart items present a playful<00:05:22.960> vision<00:05:23.199> of<00:05:23.360> smart<00:05:23.840> contracts<00:05:24.840> you 00:05:24.950 --> 00:05:24.960 align:start position:0% playful vision of smart contracts you 00:05:24.960 --> 00:05:27.309 align:start position:0% playful vision of smart contracts you can<00:05:25.160> think<00:05:25.360> of<00:05:25.560> them<00:05:25.960> as<00:05:26.280> items<00:05:27.120> with 00:05:27.309 --> 00:05:27.319 align:start position:0% can think of them as items with 00:05:27.319 --> 00:05:28.990 align:start position:0% can think of them as items with functionality<00:05:27.880> in<00:05:28.000> the<00:05:28.199> in<00:05:28.280> the<00:05:28.440> physics<00:05:28.880> that 00:05:28.990 --> 00:05:29.000 align:start position:0% functionality in the in the physics that 00:05:29.000 --> 00:05:31.029 align:start position:0% functionality in the in the physics that you<00:05:29.080> can<00:05:29.280> program<00:05:29.800> with<00:05:29.880> a<00:05:30.000> smart 00:05:31.029 --> 00:05:31.039 align:start position:0% you can program with a smart 00:05:31.039 --> 00:05:33.390 align:start position:0% you can program with a smart contract<00:05:32.039> they<00:05:32.199> make<00:05:32.360> it<00:05:32.600> really<00:05:32.880> easy<00:05:33.160> for 00:05:33.390 --> 00:05:33.400 align:start position:0% contract they make it really easy for 00:05:33.400 --> 00:05:35.430 align:start position:0% contract they make it really easy for players<00:05:33.759> to<00:05:33.919> build<00:05:34.319> real<00:05:34.720> economies<00:05:35.199> for 00:05:35.430 --> 00:05:35.440 align:start position:0% players to build real economies for 00:05:35.440 --> 00:05:38.150 align:start position:0% players to build real economies for anything<00:05:35.759> in<00:05:35.880> the<00:05:36.039> world<00:05:36.919> to<00:05:37.199> visualize<00:05:37.759> it 00:05:38.150 --> 00:05:38.160 align:start position:0% anything in the world to visualize it 00:05:38.160 --> 00:05:40.710 align:start position:0% anything in the world to visualize it think<00:05:38.280> of<00:05:38.400> a<00:05:38.560> smart<00:05:38.880> contract<00:05:39.319> as<00:05:39.440> a<00:05:39.600> chip<00:05:40.560> and 00:05:40.710 --> 00:05:40.720 align:start position:0% think of a smart contract as a chip and 00:05:40.720 --> 00:05:43.189 align:start position:0% think of a smart contract as a chip and you<00:05:40.880> can<00:05:41.120> insert<00:05:41.520> a<00:05:41.680> chip<00:05:42.039> into<00:05:42.319> an<00:05:42.560> item<00:05:43.039> like 00:05:43.189 --> 00:05:43.199 align:start position:0% you can insert a chip into an item like 00:05:43.199 --> 00:05:45.749 align:start position:0% you can insert a chip into an item like a<00:05:43.319> chest<00:05:43.680> to<00:05:43.880> program<00:05:44.280> it<00:05:44.840> so<00:05:45.080> if<00:05:45.199> I<00:05:45.360> have<00:05:45.520> my 00:05:45.749 --> 00:05:45.759 align:start position:0% a chest to program it so if I have my 00:05:45.759 --> 00:05:48.590 align:start position:0% a chest to program it so if I have my Unis<00:05:46.160> swap<00:05:46.360> chip<00:05:46.960> and<00:05:47.080> I<00:05:47.240> put<00:05:47.360> it<00:05:47.560> into<00:05:47.800> a<00:05:48.000> chest 00:05:48.590 --> 00:05:48.600 align:start position:0% Unis swap chip and I put it into a chest 00:05:48.600 --> 00:05:51.070 align:start position:0% Unis swap chip and I put it into a chest it<00:05:48.720> turns<00:05:49.039> into<00:05:49.280> Unis<00:05:49.639> swap<00:05:49.880> chest<00:05:50.720> and<00:05:50.880> at 00:05:51.070 --> 00:05:51.080 align:start position:0% it turns into Unis swap chest and at 00:05:51.080 --> 00:05:53.309 align:start position:0% it turns into Unis swap chest and at this<00:05:51.280> point<00:05:51.840> if<00:05:52.000> people<00:05:52.319> mine<00:05:52.680> ores<00:05:53.080> around 00:05:53.309 --> 00:05:53.319 align:start position:0% this point if people mine ores around 00:05:53.319 --> 00:05:55.790 align:start position:0% this point if people mine ores around the<00:05:53.440> world<00:05:54.039> they<00:05:54.160> can<00:05:54.319> put<00:05:54.520> ores<00:05:54.840> in<00:05:54.960> the<00:05:55.120> chest 00:05:55.790 --> 00:05:55.800 align:start position:0% the world they can put ores in the chest 00:05:55.800 --> 00:05:57.710 align:start position:0% the world they can put ores in the chest and<00:05:56.039> get<00:05:56.280> you<00:05:56.400> know<00:05:56.560> swap<00:05:56.880> it<00:05:57.000> for<00:05:57.160> some<00:05:57.319> tokens 00:05:57.710 --> 00:05:57.720 align:start position:0% and get you know swap it for some tokens 00:05:57.720 --> 00:05:59.909 align:start position:0% and get you know swap it for some tokens according<00:05:58.000> to<00:05:58.120> the<00:05:58.199> amm<00:05:58.639> prices<00:05:59.400> or<00:05:59.639> or<00:05:59.840> they 00:05:59.909 --> 00:05:59.919 align:start position:0% according to the amm prices or or they 00:05:59.919 --> 00:06:01.710 align:start position:0% according to the amm prices or or they can<00:06:00.120> give<00:06:00.280> tokens<00:06:00.600> to<00:06:00.759> the<00:06:00.880> chest<00:06:01.280> and<00:06:01.440> and<00:06:01.600> get 00:06:01.710 --> 00:06:01.720 align:start position:0% can give tokens to the chest and and get 00:06:01.720 --> 00:06:03.950 align:start position:0% can give tokens to the chest and and get ores<00:06:02.240> according<00:06:02.520> to<00:06:02.680> amm<00:06:03.039> set 00:06:03.950 --> 00:06:03.960 align:start position:0% ores according to amm set 00:06:03.960 --> 00:06:06.029 align:start position:0% ores according to amm set prices<00:06:04.960> and<00:06:05.039> you<00:06:05.160> can<00:06:05.319> sort<00:06:05.479> of<00:06:05.639> take<00:06:05.840> this 00:06:06.029 --> 00:06:06.039 align:start position:0% prices and you can sort of take this 00:06:06.039 --> 00:06:08.070 align:start position:0% prices and you can sort of take this concept<00:06:06.440> and<00:06:06.639> basically<00:06:07.039> apply<00:06:07.400> to<00:06:07.680> all<00:06:07.919> the 00:06:08.070 --> 00:06:08.080 align:start position:0% concept and basically apply to all the 00:06:08.080 --> 00:06:09.430 align:start position:0% concept and basically apply to all the kind<00:06:08.360> kinds<00:06:08.520> of<00:06:08.680> different<00:06:08.919> objects<00:06:09.240> in<00:06:09.319> the 00:06:09.430 --> 00:06:09.440 align:start position:0% kind kinds of different objects in the 00:06:09.440 --> 00:06:11.909 align:start position:0% kind kinds of different objects in the world<00:06:10.039> you<00:06:10.160> can<00:06:10.360> imagine<00:06:10.720> I<00:06:10.840> have<00:06:10.960> a<00:06:11.199> door<00:06:11.800> and 00:06:11.909 --> 00:06:11.919 align:start position:0% world you can imagine I have a door and 00:06:11.919 --> 00:06:13.710 align:start position:0% world you can imagine I have a door and it<00:06:12.039> turn<00:06:12.199> it<00:06:12.319> into<00:06:12.520> a<00:06:12.639> token<00:06:13.000> gate<00:06:13.319> right<00:06:13.639> I 00:06:13.710 --> 00:06:13.720 align:start position:0% it turn it into a token gate right I 00:06:13.720 --> 00:06:15.710 align:start position:0% it turn it into a token gate right I need<00:06:13.919> the<00:06:14.080> token<00:06:14.360> to<00:06:14.560> actually<00:06:14.840> open<00:06:15.080> it<00:06:15.599> so 00:06:15.710 --> 00:06:15.720 align:start position:0% need the token to actually open it so 00:06:15.720 --> 00:06:17.790 align:start position:0% need the token to actually open it so what<00:06:15.840> you<00:06:15.919> just<00:06:16.080> did<00:06:16.280> here<00:06:16.520> is<00:06:16.680> you<00:06:16.919> like<00:06:17.599> gave 00:06:17.790 --> 00:06:17.800 align:start position:0% what you just did here is you like gave 00:06:17.800 --> 00:06:20.749 align:start position:0% what you just did here is you like gave the<00:06:17.919> home<00:06:18.479> treatment<00:06:18.840> to<00:06:19.000> ethereum<00:06:19.919> where<00:06:20.280> you 00:06:20.749 --> 00:06:20.759 align:start position:0% the home treatment to ethereum where you 00:06:20.759 --> 00:06:22.430 align:start position:0% the home treatment to ethereum where you if<00:06:21.000> if<00:06:21.080> you<00:06:21.160> told<00:06:21.360> Homer<00:06:21.720> simpon<00:06:22.080> what<00:06:22.160> is<00:06:22.280> a 00:06:22.430 --> 00:06:22.440 align:start position:0% if if you told Homer simpon what is a 00:06:22.440 --> 00:06:24.150 align:start position:0% if if you told Homer simpon what is a token<00:06:22.759> gate<00:06:23.280> that's<00:06:23.440> what<00:06:23.639> he<00:06:23.759> would<00:06:23.880> think<00:06:24.039> it 00:06:24.150 --> 00:06:24.160 align:start position:0% token gate that's what he would think it 00:06:24.160 --> 00:06:26.390 align:start position:0% token gate that's what he would think it is<00:06:24.400> right<00:06:24.800> and<00:06:24.919> so<00:06:25.120> now<00:06:25.280> you're<00:06:25.560> like<00:06:26.000> taking 00:06:26.390 --> 00:06:26.400 align:start position:0% is right and so now you're like taking 00:06:26.400 --> 00:06:28.510 align:start position:0% is right and so now you're like taking all<00:06:26.560> of<00:06:26.800> these<00:06:27.360> smart<00:06:27.800> contract<00:06:28.240> track 00:06:28.510 --> 00:06:28.520 align:start position:0% all of these smart contract track 00:06:28.520 --> 00:06:29.870 align:start position:0% all of these smart contract track patterns<00:06:28.919> and<00:06:29.080> you're<00:06:29.199> just<00:06:29.360> making<00:06:29.759> them 00:06:29.870 --> 00:06:29.880 align:start position:0% patterns and you're just making them 00:06:29.880 --> 00:06:31.710 align:start position:0% patterns and you're just making them much<00:06:30.000> more<00:06:30.199> relatable<00:06:31.039> for<00:06:31.199> a<00:06:31.319> more<00:06:31.560> like 00:06:31.710 --> 00:06:31.720 align:start position:0% much more relatable for a more like 00:06:31.720 --> 00:06:34.309 align:start position:0% much more relatable for a more like normal<00:06:32.319> audience<00:06:33.319> so<00:06:33.599> you<00:06:33.680> can<00:06:33.800> turn<00:06:33.960> a<00:06:34.120> door 00:06:34.309 --> 00:06:34.319 align:start position:0% normal audience so you can turn a door 00:06:34.319 --> 00:06:37.390 align:start position:0% normal audience so you can turn a door into<00:06:34.599> token<00:06:34.960> gate<00:06:35.280> a<00:06:35.400> force<00:06:35.680> field<00:06:36.039> a<00:06:36.160> cart<00:06:36.520> a 00:06:37.390 --> 00:06:37.400 align:start position:0% into token gate a force field a cart a 00:06:37.400 --> 00:06:39.830 align:start position:0% into token gate a force field a cart a bed<00:06:38.400> and<00:06:38.639> with<00:06:38.800> all<00:06:38.919> of<00:06:39.080> these<00:06:39.240> items<00:06:39.599> you<00:06:39.720> can 00:06:39.830 --> 00:06:39.840 align:start position:0% bed and with all of these items you can 00:06:39.840 --> 00:06:42.029 align:start position:0% bed and with all of these items you can build<00:06:40.080> a<00:06:40.199> lot<00:06:40.280> of<00:06:40.400> cool<00:06:40.680> stuff<00:06:41.560> uh<00:06:41.759> and<00:06:41.919> these 00:06:42.029 --> 00:06:42.039 align:start position:0% build a lot of cool stuff uh and these 00:06:42.039 --> 00:06:43.870 align:start position:0% build a lot of cool stuff uh and these are<00:06:42.199> all<00:06:42.400> real<00:06:42.680> examples<00:06:43.160> of<00:06:43.319> things<00:06:43.479> that<00:06:43.599> are 00:06:43.870 --> 00:06:43.880 align:start position:0% are all real examples of things that are 00:06:43.880 --> 00:06:46.110 align:start position:0% are all real examples of things that are already<00:06:44.160> being<00:06:44.360> built<00:06:44.720> within<00:06:45.000> biomes<00:06:45.960> the 00:06:46.110 --> 00:06:46.120 align:start position:0% already being built within biomes the 00:06:46.120 --> 00:06:48.309 align:start position:0% already being built within biomes the bizaar<00:06:46.680> is<00:06:46.960> the<00:06:47.120> biomes<00:06:47.560> version<00:06:47.800> of<00:06:47.919> Unis 00:06:48.309 --> 00:06:48.319 align:start position:0% bizaar is the biomes version of Unis 00:06:48.319 --> 00:06:51.110 align:start position:0% bizaar is the biomes version of Unis swap<00:06:49.000> it's<00:06:49.280> like<00:06:49.919> this<00:06:50.199> like<00:06:50.400> Shop<00:06:50.720> with<00:06:50.840> a<00:06:51.000> lot 00:06:51.110 --> 00:06:51.120 align:start position:0% swap it's like this like Shop with a lot 00:06:51.120 --> 00:06:52.909 align:start position:0% swap it's like this like Shop with a lot of<00:06:51.240> liquidity<00:06:51.880> where<00:06:52.000> you<00:06:52.120> can<00:06:52.319> trade<00:06:52.720> all 00:06:52.909 --> 00:06:52.919 align:start position:0% of liquidity where you can trade all 00:06:52.919 --> 00:06:55.390 align:start position:0% of liquidity where you can trade all kinds<00:06:53.080> of<00:06:53.199> items<00:06:53.560> for<00:06:53.840> coins<00:06:54.840> the<00:06:54.960> funny<00:06:55.240> thing 00:06:55.390 --> 00:06:55.400 align:start position:0% kinds of items for coins the funny thing 00:06:55.400 --> 00:06:58.110 align:start position:0% kinds of items for coins the funny thing is<00:06:55.599> as<00:06:55.720> soon<00:06:55.879> as<00:06:56.039> we<00:06:56.199> made<00:06:56.479> the<00:06:56.599> bazaar<00:06:57.560> there's 00:06:58.110 --> 00:06:58.120 align:start position:0% is as soon as we made the bazaar there's 00:06:58.120 --> 00:07:00.110 align:start position:0% is as soon as we made the bazaar there's like<00:06:58.280> this<00:06:58.520> existing<00:06:58.960> other<00:06:59.199> group<00:06:59.680> that<00:06:59.879> put 00:07:00.110 --> 00:07:00.120 align:start position:0% like this existing other group that put 00:07:00.120 --> 00:07:03.550 align:start position:0% like this existing other group that put up<00:07:00.360> a<00:07:01.160> a<00:07:01.319> really<00:07:01.639> crappy<00:07:01.960> shop<00:07:02.280> next<00:07:02.479> to<00:07:02.639> it<00:07:03.360> um 00:07:03.550 --> 00:07:03.560 align:start position:0% up a a really crappy shop next to it um 00:07:03.560 --> 00:07:05.510 align:start position:0% up a a really crappy shop next to it um you<00:07:03.680> know<00:07:03.960> relatively<00:07:04.960> and<00:07:05.080> it's<00:07:05.280> like<00:07:05.400> the 00:07:05.510 --> 00:07:05.520 align:start position:0% you know relatively and it's like the 00:07:05.520 --> 00:07:07.550 align:start position:0% you know relatively and it's like the sushi<00:07:05.879> swap<00:07:06.360> of<00:07:06.520> biomes<00:07:07.039> right<00:07:07.199> and<00:07:07.319> it's 00:07:07.550 --> 00:07:07.560 align:start position:0% sushi swap of biomes right and it's 00:07:07.560 --> 00:07:10.150 align:start position:0% sushi swap of biomes right and it's trying<00:07:07.800> to<00:07:08.800> vamper<00:07:09.280> attack<00:07:09.560> the<00:07:09.680> bizaar<00:07:10.000> and 00:07:10.150 --> 00:07:10.160 align:start position:0% trying to vamper attack the bizaar and 00:07:10.160 --> 00:07:12.749 align:start position:0% trying to vamper attack the bizaar and take<00:07:10.360> all<00:07:10.479> the<00:07:10.840> liquidity<00:07:11.840> you<00:07:12.000> also<00:07:12.319> have 00:07:12.749 --> 00:07:12.759 align:start position:0% take all the liquidity you also have 00:07:12.759 --> 00:07:15.070 align:start position:0% take all the liquidity you also have like<00:07:12.919> Sakura<00:07:13.440> Temple<00:07:13.919> where<00:07:14.440> there's<00:07:14.759> this 00:07:15.070 --> 00:07:15.080 align:start position:0% like Sakura Temple where there's this 00:07:15.080 --> 00:07:17.909 align:start position:0% like Sakura Temple where there's this like<00:07:16.000> big<00:07:16.400> big<00:07:16.680> Temple<00:07:17.280> where<00:07:17.400> you<00:07:17.520> donate 00:07:17.909 --> 00:07:17.919 align:start position:0% like big big Temple where you donate 00:07:17.919 --> 00:07:20.469 align:start position:0% like big big Temple where you donate sakur<00:07:18.360> wood<00:07:18.560> to<00:07:18.759> get<00:07:18.960> this<00:07:19.120> membership<00:07:19.639> nft 00:07:20.469 --> 00:07:20.479 align:start position:0% sakur wood to get this membership nft 00:07:20.479 --> 00:07:22.070 align:start position:0% sakur wood to get this membership nft they<00:07:20.599> use<00:07:20.919> all<00:07:21.160> that<00:07:21.360> wood<00:07:21.520> to<00:07:21.680> build<00:07:21.919> the 00:07:22.070 --> 00:07:22.080 align:start position:0% they use all that wood to build the 00:07:22.080 --> 00:07:24.189 align:start position:0% they use all that wood to build the largest<00:07:22.400> sakur<00:07:22.759> tree<00:07:22.960> in<00:07:23.039> the<00:07:23.160> world<00:07:23.759> and<00:07:23.960> all 00:07:24.189 --> 00:07:24.199 align:start position:0% largest sakur tree in the world and all 00:07:24.199 --> 00:07:26.350 align:start position:0% largest sakur tree in the world and all future<00:07:24.560> Sakura<00:07:25.039> meme<00:07:25.319> events<00:07:25.639> that<00:07:25.800> happen 00:07:26.350 --> 00:07:26.360 align:start position:0% future Sakura meme events that happen 00:07:26.360 --> 00:07:28.189 align:start position:0% future Sakura meme events that happen will<00:07:26.639> probably<00:07:27.039> gate<00:07:27.440> access<00:07:27.840> based<00:07:28.039> on 00:07:28.189 --> 00:07:28.199 align:start position:0% will probably gate access based on 00:07:28.199 --> 00:07:30.390 align:start position:0% will probably gate access based on whether<00:07:28.400> you<00:07:28.520> donated<00:07:29.520> the<00:07:29.639> sakura<00:07:30.080> tree<00:07:30.280> and 00:07:30.390 --> 00:07:30.400 align:start position:0% whether you donated the sakura tree and 00:07:30.400 --> 00:07:31.309 align:start position:0% whether you donated the sakura tree and got<00:07:30.560> the 00:07:31.309 --> 00:07:31.319 align:start position:0% got the 00:07:31.319 --> 00:07:35.110 align:start position:0% got the nft<00:07:32.319> the<00:07:32.520> Castle<00:07:32.919> Hotel<00:07:33.240> Sakura<00:07:33.720> in<00:07:34.360> they<00:07:34.479> sell 00:07:35.110 --> 00:07:35.120 align:start position:0% nft the Castle Hotel Sakura in they sell 00:07:35.120 --> 00:07:37.189 align:start position:0% nft the Castle Hotel Sakura in they sell they<00:07:35.240> give<00:07:35.400> you<00:07:35.599> safe<00:07:35.919> spaces<00:07:36.400> to<00:07:36.639> sleep<00:07:37.080> and 00:07:37.189 --> 00:07:37.199 align:start position:0% they give you safe spaces to sleep and 00:07:37.199 --> 00:07:39.029 align:start position:0% they give you safe spaces to sleep and recharge<00:07:37.639> your<00:07:37.759> play<00:07:38.039> and<00:07:38.199> lo<00:07:38.800> without 00:07:39.029 --> 00:07:39.039 align:start position:0% recharge your play and lo without 00:07:39.039 --> 00:07:41.150 align:start position:0% recharge your play and lo without worrying<00:07:39.440> about<00:07:39.680> you<00:07:39.800> know<00:07:40.000> getting<00:07:40.280> grieved 00:07:41.150 --> 00:07:41.160 align:start position:0% worrying about you know getting grieved 00:07:41.160 --> 00:07:43.110 align:start position:0% worrying about you know getting grieved and<00:07:41.440> in<00:07:41.759> return<00:07:42.199> you<00:07:42.400> just<00:07:42.560> sort<00:07:42.720> of<00:07:42.879> have<00:07:42.960> to 00:07:43.110 --> 00:07:43.120 align:start position:0% and in return you just sort of have to 00:07:43.120 --> 00:07:45.790 align:start position:0% and in return you just sort of have to pay<00:07:43.319> rent<00:07:44.199> The<00:07:44.400> Pyramid<00:07:44.800> Arena<00:07:45.199> and<00:07:45.360> parkour 00:07:45.790 --> 00:07:45.800 align:start position:0% pay rent The Pyramid Arena and parkour 00:07:45.800 --> 00:07:47.430 align:start position:0% pay rent The Pyramid Arena and parkour challenge<00:07:46.159> are<00:07:46.319> going<00:07:46.440> to<00:07:46.560> host<00:07:46.840> a<00:07:47.039> bunch<00:07:47.240> of 00:07:47.430 --> 00:07:47.440 align:start position:0% challenge are going to host a bunch of 00:07:47.440 --> 00:07:49.629 align:start position:0% challenge are going to host a bunch of games<00:07:48.240> and<00:07:48.479> and<00:07:48.599> these<00:07:48.759> games<00:07:48.960> will<00:07:49.120> use<00:07:49.319> Smart 00:07:49.629 --> 00:07:49.639 align:start position:0% games and and these games will use Smart 00:07:49.639 --> 00:07:51.990 align:start position:0% games and and these games will use Smart items<00:07:49.960> to<00:07:50.159> have<00:07:50.680> betting<00:07:51.199> and<00:07:51.400> prize<00:07:51.680> pools 00:07:51.990 --> 00:07:52.000 align:start position:0% items to have betting and prize pools 00:07:52.000 --> 00:07:54.350 align:start position:0% items to have betting and prize pools and<00:07:52.199> everything<00:07:53.120> so<00:07:53.599> in<00:07:53.720> a<00:07:53.879> way<00:07:54.039> you<00:07:54.120> can 00:07:54.350 --> 00:07:54.360 align:start position:0% and everything so in a way you can 00:07:54.360 --> 00:07:56.309 align:start position:0% and everything so in a way you can basically<00:07:54.759> think<00:07:54.919> of<00:07:55.159> these<00:07:55.440> as<00:07:55.720> like 00:07:56.309 --> 00:07:56.319 align:start position:0% basically think of these as like 00:07:56.319 --> 00:08:01.270 align:start position:0% basically think of these as like deploying<00:07:57.039> daps<00:07:57.680> inside<00:07:57.960> of<00:07:58.080> a<00:07:58.440> world<00:07:58.759> right 00:08:01.270 --> 00:08:01.280 align:start position:0% deploying daps inside of a world right 00:08:01.280 --> 00:08:03.469 align:start position:0% deploying daps inside of a world right and<00:08:01.560> third<00:08:02.039> if<00:08:02.159> you<00:08:02.360> have<00:08:02.560> digital<00:08:02.879> matter<00:08:03.360> and 00:08:03.469 --> 00:08:03.479 align:start position:0% and third if you have digital matter and 00:08:03.479 --> 00:08:04.869 align:start position:0% and third if you have digital matter and you<00:08:03.599> have<00:08:03.759> Smart<00:08:04.039> items<00:08:04.360> you<00:08:04.440> have<00:08:04.560> a<00:08:04.680> new 00:08:04.869 --> 00:08:04.879 align:start position:0% you have Smart items you have a new 00:08:04.879 --> 00:08:07.749 align:start position:0% you have Smart items you have a new asset<00:08:05.400> class<00:08:06.400> um<00:08:07.000> and<00:08:07.199> I<00:08:07.280> think<00:08:07.479> it<00:08:07.520> will<00:08:07.639> be 00:08:07.749 --> 00:08:07.759 align:start position:0% asset class um and I think it will be 00:08:07.759 --> 00:08:10.230 align:start position:0% asset class um and I think it will be the<00:08:07.919> craziest<00:08:08.440> asset<00:08:08.800> class<00:08:09.240> that<00:08:09.759> crypto<00:08:10.120> has 00:08:10.230 --> 00:08:10.240 align:start position:0% the craziest asset class that crypto has 00:08:10.240 --> 00:08:12.510 align:start position:0% the craziest asset class that crypto has ever<00:08:10.400> seen<00:08:10.919> maybe<00:08:11.159> the<00:08:11.280> world<00:08:11.479> has<00:08:11.599> ever<00:08:11.759> seen 00:08:12.510 --> 00:08:12.520 align:start position:0% ever seen maybe the world has ever seen 00:08:12.520 --> 00:08:14.589 align:start position:0% ever seen maybe the world has ever seen and<00:08:12.800> I<00:08:12.879> think<00:08:13.400> when<00:08:13.680> that<00:08:13.879> asset<00:08:14.199> class<00:08:14.400> gets 00:08:14.589 --> 00:08:14.599 align:start position:0% and I think when that asset class gets 00:08:14.599 --> 00:08:17.309 align:start position:0% and I think when that asset class gets mind<00:08:14.960> sure<00:08:15.639> is<00:08:15.840> is<00:08:16.039> when<00:08:16.319> you<00:08:16.440> know<00:08:16.800> like<00:08:17.159> is 00:08:17.309 --> 00:08:17.319 align:start position:0% mind sure is is when you know like is 00:08:17.319 --> 00:08:19.390 align:start position:0% mind sure is is when you know like is when<00:08:17.879> we<00:08:18.080> no<00:08:18.440> no<00:08:18.560> longer<00:08:18.800> have<00:08:18.919> a<00:08:19.039> classroom 00:08:19.390 --> 00:08:19.400 align:start position:0% when we no no longer have a classroom 00:08:19.400 --> 00:08:23.149 align:start position:0% when we no no longer have a classroom and<00:08:19.520> we<00:08:19.599> have<00:08:19.720> a<00:08:19.879> building<00:08:20.879> um<00:08:21.840> um<00:08:22.240> so<00:08:22.639> to<00:08:23.039> to 00:08:23.149 --> 00:08:23.159 align:start position:0% and we have a building um um so to to 00:08:23.159 --> 00:08:25.510 align:start position:0% and we have a building um um so to to sort<00:08:23.360> of<00:08:23.639> Imagine<00:08:24.199> imagine<00:08:24.639> a<00:08:24.800> chest<00:08:25.240> right 00:08:25.510 --> 00:08:25.520 align:start position:0% sort of Imagine imagine a chest right 00:08:25.520 --> 00:08:27.350 align:start position:0% sort of Imagine imagine a chest right and<00:08:25.639> I<00:08:25.720> can<00:08:25.919> program<00:08:26.240> a<00:08:26.360> chest<00:08:26.639> with<00:08:26.759> a<00:08:26.879> smart 00:08:27.350 --> 00:08:27.360 align:start position:0% and I can program a chest with a smart 00:08:27.360 --> 00:08:30.070 align:start position:0% and I can program a chest with a smart contract<00:08:28.360> imagine<00:08:28.720> I<00:08:28.919> program<00:08:29.240> it<00:08:29.599> such<00:08:29.840> that 00:08:30.070 --> 00:08:30.080 align:start position:0% contract imagine I program it such that 00:08:30.080 --> 00:08:32.110 align:start position:0% contract imagine I program it such that when<00:08:30.199> a<00:08:30.360> player<00:08:30.800> gets<00:08:31.120> gold<00:08:31.440> ore<00:08:31.840> from<00:08:32.000> the 00:08:32.110 --> 00:08:32.120 align:start position:0% when a player gets gold ore from the 00:08:32.120 --> 00:08:34.709 align:start position:0% when a player gets gold ore from the world<00:08:32.719> which<00:08:32.880> is<00:08:33.000> scarse<00:08:33.839> and<00:08:34.000> they<00:08:34.159> put<00:08:34.279> it<00:08:34.440> in 00:08:34.709 --> 00:08:34.719 align:start position:0% world which is scarse and they put it in 00:08:34.719 --> 00:08:36.909 align:start position:0% world which is scarse and they put it in it<00:08:34.839> mins<00:08:35.159> a<00:08:35.320> coin<00:08:36.159> right<00:08:36.279> so<00:08:36.440> now<00:08:36.560> you<00:08:36.680> have<00:08:36.760> a 00:08:36.909 --> 00:08:36.919 align:start position:0% it mins a coin right so now you have a 00:08:36.919 --> 00:08:39.909 align:start position:0% it mins a coin right so now you have a coin<00:08:37.279> that<00:08:37.479> is<00:08:37.839> backed<00:08:38.839> by<00:08:39.039> the<00:08:39.240> actual<00:08:39.599> gold 00:08:39.909 --> 00:08:39.919 align:start position:0% coin that is backed by the actual gold 00:08:39.919 --> 00:08:42.190 align:start position:0% coin that is backed by the actual gold in<00:08:40.039> the<00:08:40.159> virtual<00:08:40.519> world<00:08:41.399> and<00:08:41.560> if<00:08:41.680> I<00:08:41.839> put<00:08:42.000> the 00:08:42.190 --> 00:08:42.200 align:start position:0% in the virtual world and if I put the 00:08:42.200 --> 00:08:43.909 align:start position:0% in the virtual world and if I put the coin<00:08:42.440> in<00:08:42.680> it<00:08:42.800> burns<00:08:43.120> the<00:08:43.279> coin<00:08:43.479> and<00:08:43.599> lets<00:08:43.760> me 00:08:43.909 --> 00:08:43.919 align:start position:0% coin in it burns the coin and lets me 00:08:43.919 --> 00:08:46.230 align:start position:0% coin in it burns the coin and lets me take<00:08:44.039> out<00:08:44.159> a<00:08:44.240> gold<00:08:44.440> or<00:08:45.320> and<00:08:45.600> every<00:08:45.800> time<00:08:46.040> this 00:08:46.230 --> 00:08:46.240 align:start position:0% take out a gold or and every time this 00:08:46.240 --> 00:08:49.630 align:start position:0% take out a gold or and every time this happens<00:08:47.000> the<00:08:47.160> chess<00:08:47.519> takes<00:08:47.760> a<00:08:48.040> small<00:08:48.519> fee<00:08:49.519> and 00:08:49.630 --> 00:08:49.640 align:start position:0% happens the chess takes a small fee and 00:08:49.640 --> 00:08:52.470 align:start position:0% happens the chess takes a small fee and it<00:08:49.800> uses<00:08:50.200> that<00:08:50.399> fee<00:08:50.760> to<00:08:51.000> incentivize<00:08:51.760> players 00:08:52.470 --> 00:08:52.480 align:start position:0% it uses that fee to incentivize players 00:08:52.480 --> 00:08:54.790 align:start position:0% it uses that fee to incentivize players to<00:08:52.760> charge<00:08:53.120> the<00:08:53.240> force<00:08:53.640> field<00:08:54.040> and<00:08:54.279> defense<00:08:54.680> of 00:08:54.790 --> 00:08:54.800 align:start position:0% to charge the force field and defense of 00:08:54.800 --> 00:08:56.670 align:start position:0% to charge the force field and defense of the<00:08:54.959> chest<00:08:55.519> to<00:08:55.760> make<00:08:55.880> sure<00:08:56.080> it<00:08:56.240> cannot<00:08:56.560> be 00:08:56.670 --> 00:08:56.680 align:start position:0% the chest to make sure it cannot be 00:08:56.680 --> 00:08:58.110 align:start position:0% the chest to make sure it cannot be broken 00:08:58.110 --> 00:08:58.120 align:start position:0% broken 00:08:58.120 --> 00:09:01.150 align:start position:0% broken in<00:08:59.120> if<00:08:59.279> this<00:08:59.480> this<00:08:59.640> coin<00:08:59.880> rises<00:09:00.240> in<00:09:00.480> price 00:09:01.150 --> 00:09:01.160 align:start position:0% in if this this coin rises in price 00:09:01.160 --> 00:09:03.150 align:start position:0% in if this this coin rises in price let's<00:09:01.360> say<00:09:01.480> it's<00:09:01.640> even<00:09:01.839> worth<00:09:02.240> like<00:09:02.880> 10 00:09:03.150 --> 00:09:03.160 align:start position:0% let's say it's even worth like 10 00:09:03.160 --> 00:09:05.310 align:start position:0% let's say it's even worth like 10 million<00:09:03.440> or<00:09:03.600> something<00:09:04.519> it<00:09:04.680> becomes 00:09:05.310 --> 00:09:05.320 align:start position:0% million or something it becomes 00:09:05.320 --> 00:09:07.790 align:start position:0% million or something it becomes extremely<00:09:05.760> extremely<00:09:06.320> obvious<00:09:07.240> why<00:09:07.519> all<00:09:07.680> the 00:09:07.790 --> 00:09:07.800 align:start position:0% extremely extremely obvious why all the 00:09:07.800 --> 00:09:09.790 align:start position:0% extremely extremely obvious why all the gold<00:09:08.000> or<00:09:08.279> need<00:09:08.399> to<00:09:08.480> be<00:09:08.600> provably<00:09:09.000> scarse 00:09:09.790 --> 00:09:09.800 align:start position:0% gold or need to be provably scarse 00:09:09.800 --> 00:09:11.829 align:start position:0% gold or need to be provably scarse because<00:09:10.040> if<00:09:10.160> I<00:09:10.360> just<00:09:10.880> like<00:09:11.120> mint<00:09:11.440> more<00:09:11.640> gold 00:09:11.829 --> 00:09:11.839 align:start position:0% because if I just like mint more gold 00:09:11.839 --> 00:09:13.670 align:start position:0% because if I just like mint more gold ORS<00:09:12.079> with<00:09:12.200> a<00:09:12.279> thin<00:09:12.480> air<00:09:13.040> I<00:09:13.120> can<00:09:13.279> just<00:09:13.440> put<00:09:13.560> them 00:09:13.670 --> 00:09:13.680 align:start position:0% ORS with a thin air I can just put them 00:09:13.680 --> 00:09:15.470 align:start position:0% ORS with a thin air I can just put them in<00:09:13.800> the<00:09:13.920> chest<00:09:14.279> and<00:09:14.399> mint<00:09:14.760> more<00:09:14.959> coins<00:09:15.200> for 00:09:15.470 --> 00:09:15.480 align:start position:0% in the chest and mint more coins for 00:09:15.480 --> 00:09:17.470 align:start position:0% in the chest and mint more coins for myself<00:09:16.240> so<00:09:16.399> it's<00:09:16.560> really<00:09:16.800> obvious<00:09:17.160> why<00:09:17.320> you 00:09:17.470 --> 00:09:17.480 align:start position:0% myself so it's really obvious why you 00:09:17.480 --> 00:09:19.230 align:start position:0% myself so it's really obvious why you don't<00:09:17.720> want<00:09:18.000> you<00:09:18.120> know<00:09:18.360> you<00:09:18.480> need<00:09:18.640> the<00:09:18.760> gold<00:09:19.000> or 00:09:19.230 --> 00:09:19.240 align:start position:0% don't want you know you need the gold or 00:09:19.240 --> 00:09:21.150 align:start position:0% don't want you know you need the gold or to<00:09:19.360> be<00:09:19.440> scars<00:09:19.800> and<00:09:19.920> you<00:09:20.040> don't<00:09:20.200> want<00:09:20.600> the<00:09:20.760> devs 00:09:21.150 --> 00:09:21.160 align:start position:0% to be scars and you don't want the devs 00:09:21.160 --> 00:09:24.030 align:start position:0% to be scars and you don't want the devs to<00:09:21.360> just<00:09:21.880> randomly<00:09:22.320> mint<00:09:22.640> more<00:09:23.560> it's<00:09:23.760> also 00:09:24.030 --> 00:09:24.040 align:start position:0% to just randomly mint more it's also 00:09:24.040 --> 00:09:25.509 align:start position:0% to just randomly mint more it's also really<00:09:24.320> obvious<00:09:24.680> why<00:09:24.800> the<00:09:24.959> physics<00:09:25.240> needs<00:09:25.399> to 00:09:25.509 --> 00:09:25.519 align:start position:0% really obvious why the physics needs to 00:09:25.519 --> 00:09:27.590 align:start position:0% really obvious why the physics needs to be<00:09:25.600> on<00:09:25.800> chain<00:09:26.600> because<00:09:26.800> if<00:09:26.920> I<00:09:27.040> change<00:09:27.440> the 00:09:27.590 --> 00:09:27.600 align:start position:0% be on chain because if I change the 00:09:27.600 --> 00:09:29.509 align:start position:0% be on chain because if I change the physics<00:09:28.040> so<00:09:28.240> it's<00:09:28.360> that<00:09:28.519> to<00:09:28.680> become<00:09:29.000> super 00:09:29.509 --> 00:09:29.519 align:start position:0% physics so it's that to become super 00:09:29.519 --> 00:09:31.990 align:start position:0% physics so it's that to become super easy<00:09:29.720> to<00:09:29.880> break<00:09:30.160> the<00:09:30.240> force<00:09:30.560> field<00:09:31.480> I<00:09:31.600> can<00:09:31.800> now 00:09:31.990 --> 00:09:32.000 align:start position:0% easy to break the force field I can now 00:09:32.000 --> 00:09:34.310 align:start position:0% easy to break the force field I can now come<00:09:32.240> in<00:09:32.760> and<00:09:33.040> steal<00:09:33.480> all<00:09:33.640> the<00:09:33.760> gold<00:09:34.000> doors 00:09:34.310 --> 00:09:34.320 align:start position:0% come in and steal all the gold doors 00:09:34.320 --> 00:09:36.509 align:start position:0% come in and steal all the gold doors from<00:09:34.480> within<00:09:34.720> the<00:09:34.839> chest<00:09:35.519> and<00:09:35.680> now<00:09:35.920> that<00:09:36.160> coin 00:09:36.509 --> 00:09:36.519 align:start position:0% from within the chest and now that coin 00:09:36.519 --> 00:09:38.670 align:start position:0% from within the chest and now that coin that<00:09:36.640> was<00:09:36.880> backed<00:09:37.160> by<00:09:37.279> the<00:09:37.440> gold<00:09:37.640> ores<00:09:38.200> iser 00:09:38.670 --> 00:09:38.680 align:start position:0% that was backed by the gold ores iser 00:09:38.680 --> 00:09:40.110 align:start position:0% that was backed by the gold ores iser backed<00:09:38.920> by<00:09:39.079> anything<00:09:39.640> and<00:09:39.760> it's<00:09:39.880> just<00:09:40.040> going 00:09:40.110 --> 00:09:40.120 align:start position:0% backed by anything and it's just going 00:09:40.120 --> 00:09:42.670 align:start position:0% backed by anything and it's just going to<00:09:40.399> plummet<00:09:41.399> right<00:09:41.839> so<00:09:42.079> if<00:09:42.200> you<00:09:42.360> have<00:09:42.519> this 00:09:42.670 --> 00:09:42.680 align:start position:0% to plummet right so if you have this 00:09:42.680 --> 00:09:45.350 align:start position:0% to plummet right so if you have this acid<00:09:43.000> class<00:09:43.399> take<00:09:43.600> off<00:09:44.279> it's<00:09:44.480> super<00:09:44.959> super 00:09:45.350 --> 00:09:45.360 align:start position:0% acid class take off it's super super 00:09:45.360 --> 00:09:47.030 align:start position:0% acid class take off it's super super obvious<00:09:45.800> why<00:09:46.040> the<00:09:46.200> actual<00:09:46.519> physics<00:09:46.880> and 00:09:47.030 --> 00:09:47.040 align:start position:0% obvious why the actual physics and 00:09:47.040 --> 00:09:50.150 align:start position:0% obvious why the actual physics and research<00:09:47.480> of<00:09:47.640> the<00:09:47.720> world<00:09:48.000> are<00:09:48.200> sign 00:09:50.150 --> 00:09:50.160 align:start position:0% research of the world are sign 00:09:50.160 --> 00:09:52.710 align:start position:0% research of the world are sign significant<00:09:51.160> to<00:09:51.320> do<00:09:51.480> one<00:09:51.640> more<00:09:51.880> example<00:09:52.640> we 00:09:52.710 --> 00:09:52.720 align:start position:0% significant to do one more example we 00:09:52.720 --> 00:09:56.030 align:start position:0% significant to do one more example we can<00:09:52.880> kind<00:09:53.000> of<00:09:53.160> imagine<00:09:53.760> how<00:09:54.600> uh<00:09:54.720> in<00:09:54.839> the<00:09:55.040> 2021 00:09:56.030 --> 00:09:56.040 align:start position:0% can kind of imagine how uh in the 2021 00:09:56.040 --> 00:09:58.670 align:start position:0% can kind of imagine how uh in the 2021 like<00:09:56.839> crazy<00:09:57.240> Bow<00:09:57.560> Cycle<00:09:58.000> there<00:09:58.120> was<00:09:58.279> this<00:09:58.600> of 00:09:58.670 --> 00:09:58.680 align:start position:0% like crazy Bow Cycle there was this of 00:09:58.680 --> 00:10:01.710 align:start position:0% like crazy Bow Cycle there was this of nft<00:09:59.040> land<00:09:59.519> right<00:10:00.079> so<00:10:00.920> basically<00:10:01.399> in<00:10:01.560> the 00:10:01.710 --> 00:10:01.720 align:start position:0% nft land right so basically in the 00:10:01.720 --> 00:10:03.949 align:start position:0% nft land right so basically in the sandbox<00:10:02.279> and<00:10:02.440> decentraland<00:10:03.320> you<00:10:03.440> could<00:10:03.680> own 00:10:03.949 --> 00:10:03.959 align:start position:0% sandbox and decentraland you could own 00:10:03.959 --> 00:10:06.430 align:start position:0% sandbox and decentraland you could own and<00:10:04.160> trade<00:10:04.480> land<00:10:04.760> nfts<00:10:05.760> and<00:10:05.880> if<00:10:05.959> you<00:10:06.079> held<00:10:06.360> one 00:10:06.430 --> 00:10:06.440 align:start position:0% and trade land nfts and if you held one 00:10:06.440 --> 00:10:08.750 align:start position:0% and trade land nfts and if you held one of<00:10:06.560> these<00:10:06.680> nfts<00:10:07.200> you<00:10:07.519> had<00:10:08.079> total<00:10:08.480> total 00:10:08.750 --> 00:10:08.760 align:start position:0% of these nfts you had total total 00:10:08.760 --> 00:10:11.350 align:start position:0% of these nfts you had total total forever<00:10:09.160> land<00:10:09.440> ownership<00:10:10.000> of<00:10:10.160> that<00:10:10.320> land<00:10:11.200> and 00:10:11.350 --> 00:10:11.360 align:start position:0% forever land ownership of that land and 00:10:11.360 --> 00:10:12.870 align:start position:0% forever land ownership of that land and this<00:10:11.480> was<00:10:11.720> really<00:10:12.000> good<00:10:12.160> for<00:10:12.320> a<00:10:12.480> particular 00:10:12.870 --> 00:10:12.880 align:start position:0% this was really good for a particular 00:10:12.880 --> 00:10:15.069 align:start position:0% this was really good for a particular type<00:10:13.040> of<00:10:13.200> user<00:10:13.640> that<00:10:13.800> you<00:10:13.920> can<00:10:14.160> have<00:10:14.720> hyper 00:10:15.069 --> 00:10:15.079 align:start position:0% type of user that you can have hyper 00:10:15.079 --> 00:10:16.670 align:start position:0% type of user that you can have hyper rational<00:10:15.560> financial<00:10:16.079> markets<00:10:16.440> and 00:10:16.670 --> 00:10:16.680 align:start position:0% rational financial markets and 00:10:16.680 --> 00:10:18.790 align:start position:0% rational financial markets and speculation<00:10:17.160> on<00:10:17.320> those<00:10:17.440> nfts<00:10:18.320> because<00:10:18.519> if<00:10:18.640> I 00:10:18.790 --> 00:10:18.800 align:start position:0% speculation on those nfts because if I 00:10:18.800 --> 00:10:22.110 align:start position:0% speculation on those nfts because if I buy<00:10:19.160> an<00:10:19.560> a<00:10:19.680> land<00:10:19.959> nft<00:10:20.920> I<00:10:21.040> forever<00:10:21.560> own<00:10:21.920> that 00:10:22.110 --> 00:10:22.120 align:start position:0% buy an a land nft I forever own that 00:10:22.120 --> 00:10:24.670 align:start position:0% buy an a land nft I forever own that land<00:10:22.720> so<00:10:22.959> I<00:10:23.040> can<00:10:23.440> you<00:10:23.560> know<00:10:23.920> speculate<00:10:24.399> on<00:10:24.519> it 00:10:24.670 --> 00:10:24.680 align:start position:0% land so I can you know speculate on it 00:10:24.680 --> 00:10:26.710 align:start position:0% land so I can you know speculate on it and<00:10:24.839> trade<00:10:25.120> these<00:10:25.279> nfts<00:10:25.839> 8<00:10:26.079> months<00:10:26.360> down<00:10:26.560> the 00:10:26.710 --> 00:10:26.720 align:start position:0% and trade these nfts 8 months down the 00:10:26.720 --> 00:10:28.949 align:start position:0% and trade these nfts 8 months down the line<00:10:26.920> it'<00:10:27.120> be<00:10:27.240> totally<00:10:27.680> okay<00:10:28.320> you<00:10:28.560> do<00:10:28.720> that<00:10:28.839> in 00:10:28.949 --> 00:10:28.959 align:start position:0% line it' be totally okay you do that in 00:10:28.959 --> 00:10:31.150 align:start position:0% line it' be totally okay you do that in biome<00:10:29.600> right<00:10:30.079> if<00:10:30.200> you<00:10:30.279> want<00:10:30.399> to<00:10:30.560> control<00:10:30.920> land 00:10:31.150 --> 00:10:31.160 align:start position:0% biome right if you want to control land 00:10:31.160 --> 00:10:32.949 align:start position:0% biome right if you want to control land and<00:10:31.399> biomes<00:10:31.800> you<00:10:31.920> need<00:10:32.040> to<00:10:32.160> build<00:10:32.480> defenses 00:10:32.949 --> 00:10:32.959 align:start position:0% and biomes you need to build defenses 00:10:32.959 --> 00:10:35.389 align:start position:0% and biomes you need to build defenses you<00:10:33.040> need<00:10:33.200> a<00:10:33.360> military<00:10:33.800> you<00:10:33.920> need<00:10:34.200> force<00:10:34.519> field 00:10:35.389 --> 00:10:35.399 align:start position:0% you need a military you need force field 00:10:35.399 --> 00:10:38.629 align:start position:0% you need a military you need force field the<00:10:35.560> military<00:10:36.040> can<00:10:36.200> now<00:10:36.480> decide<00:10:37.000> that<00:10:37.600> okay<00:10:38.279> US 00:10:38.629 --> 00:10:38.639 align:start position:0% the military can now decide that okay US 00:10:38.639 --> 00:10:40.790 align:start position:0% the military can now decide that okay US military<00:10:39.079> are<00:10:39.279> protecting<00:10:39.720> this<00:10:39.959> land<00:10:40.600> we're 00:10:40.790 --> 00:10:40.800 align:start position:0% military are protecting this land we're 00:10:40.800 --> 00:10:42.870 align:start position:0% military are protecting this land we're going<00:10:40.880> to<00:10:41.120> tokenize<00:10:41.720> this<00:10:41.920> land<00:10:42.320> and<00:10:42.480> sell<00:10:42.760> it 00:10:42.870 --> 00:10:42.880 align:start position:0% going to tokenize this land and sell it 00:10:42.880 --> 00:10:45.710 align:start position:0% going to tokenize this land and sell it to<00:10:43.040> you<00:10:43.720> and<00:10:43.880> if<00:10:44.000> you<00:10:44.160> hold<00:10:44.480> this<00:10:44.680> token<00:10:45.399> you're 00:10:45.710 --> 00:10:45.720 align:start position:0% to you and if you hold this token you're 00:10:45.720 --> 00:10:47.350 align:start position:0% to you and if you hold this token you're allowed<00:10:46.040> to<00:10:46.240> come<00:10:46.440> and<00:10:46.600> build<00:10:46.920> within<00:10:47.160> our 00:10:47.350 --> 00:10:47.360 align:start position:0% allowed to come and build within our 00:10:47.360 --> 00:10:49.670 align:start position:0% allowed to come and build within our premises<00:10:48.200> knowing<00:10:48.519> that<00:10:48.720> everything<00:10:49.000> will<00:10:49.160> be 00:10:49.670 --> 00:10:49.680 align:start position:0% premises knowing that everything will be 00:10:49.680 --> 00:10:52.750 align:start position:0% premises knowing that everything will be secure<00:10:50.680> let's<00:10:50.880> say<00:10:51.079> I<00:10:51.200> buy<00:10:51.519> this<00:10:51.680> token<00:10:52.360> I<00:10:52.519> come 00:10:52.750 --> 00:10:52.760 align:start position:0% secure let's say I buy this token I come 00:10:52.760 --> 00:10:55.030 align:start position:0% secure let's say I buy this token I come back<00:10:52.959> in<00:10:53.279> 4<00:10:53.480> months<00:10:53.800> and<00:10:53.959> that<00:10:54.160> military<00:10:54.839> is 00:10:55.030 --> 00:10:55.040 align:start position:0% back in 4 months and that military is 00:10:55.040 --> 00:10:57.350 align:start position:0% back in 4 months and that military is just<00:10:55.320> dead<00:10:55.639> all<00:10:55.800> the<00:10:55.959> defenses<00:10:56.360> are<00:10:56.560> broken 00:10:57.350 --> 00:10:57.360 align:start position:0% just dead all the defenses are broken 00:10:57.360 --> 00:10:58.829 align:start position:0% just dead all the defenses are broken now<00:10:57.560> this<00:10:57.720> token<00:10:58.000> doesn't<00:10:58.240> mean<00:10:58.600> mean 00:10:58.829 --> 00:10:58.839 align:start position:0% now this token doesn't mean mean 00:10:58.839 --> 00:11:00.910 align:start position:0% now this token doesn't mean mean anything<00:10:59.600> even<00:10:59.800> if<00:10:59.920> I<00:11:00.040> hold<00:11:00.360> this<00:11:00.519> token<00:11:00.839> I 00:11:00.910 --> 00:11:00.920 align:start position:0% anything even if I hold this token I 00:11:00.920 --> 00:11:02.710 align:start position:0% anything even if I hold this token I don't<00:11:01.160> actually<00:11:01.560> have<00:11:01.760> access<00:11:02.000> to<00:11:02.160> any<00:11:02.320> land 00:11:02.710 --> 00:11:02.720 align:start position:0% don't actually have access to any land 00:11:02.720 --> 00:11:05.310 align:start position:0% don't actually have access to any land right<00:11:03.320> so<00:11:03.839> now<00:11:04.000> you<00:11:04.200> have<00:11:04.360> this<00:11:04.600> like<00:11:04.760> entire 00:11:05.310 --> 00:11:05.320 align:start position:0% right so now you have this like entire 00:11:05.320 --> 00:11:08.069 align:start position:0% right so now you have this like entire asset<00:11:05.680> class<00:11:06.480> that<00:11:06.639> is<00:11:06.839> only<00:11:07.120> worth<00:11:07.600> anything 00:11:08.069 --> 00:11:08.079 align:start position:0% asset class that is only worth anything 00:11:08.079 --> 00:11:10.430 align:start position:0% asset class that is only worth anything as<00:11:08.240> long<00:11:08.399> as<00:11:08.680> players<00:11:09.279> actually<00:11:09.680> like 00:11:10.430 --> 00:11:10.440 align:start position:0% as long as players actually like 00:11:10.440 --> 00:11:13.269 align:start position:0% as long as players actually like maintain<00:11:11.079> their<00:11:11.760> defenses<00:11:12.760> and<00:11:13.000> what<00:11:13.120> you 00:11:13.269 --> 00:11:13.279 align:start position:0% maintain their defenses and what you 00:11:13.279 --> 00:11:14.590 align:start position:0% maintain their defenses and what you just<00:11:13.399> did<00:11:13.680> right<00:11:13.839> here<00:11:14.040> is<00:11:14.160> you<00:11:14.279> made<00:11:14.440> a 00:11:14.590 --> 00:11:14.600 align:start position:0% just did right here is you made a 00:11:14.600 --> 00:11:16.949 align:start position:0% just did right here is you made a fundamental<00:11:15.399> like<00:11:15.519> switch<00:11:16.320> you<00:11:16.519> you<00:11:16.639> made<00:11:16.800> a 00:11:16.949 --> 00:11:16.959 align:start position:0% fundamental like switch you you made a 00:11:16.959 --> 00:11:19.269 align:start position:0% fundamental like switch you you made a switch<00:11:17.360> from<00:11:17.880> the<00:11:18.040> system<00:11:18.440> caring<00:11:18.839> about<00:11:19.120> who 00:11:19.269 --> 00:11:19.279 align:start position:0% switch from the system caring about who 00:11:19.279 --> 00:11:21.550 align:start position:0% switch from the system caring about who owns<00:11:19.639> what<00:11:19.880> asset<00:11:20.519> into<00:11:20.760> the<00:11:20.959> system<00:11:21.279> only 00:11:21.550 --> 00:11:21.560 align:start position:0% owns what asset into the system only 00:11:21.560 --> 00:11:24.310 align:start position:0% owns what asset into the system only caring<00:11:21.920> about<00:11:22.200> physics<00:11:23.079> and<00:11:23.440> assets<00:11:23.800> can<00:11:24.079> live 00:11:24.310 --> 00:11:24.320 align:start position:0% caring about physics and assets can live 00:11:24.320 --> 00:11:25.990 align:start position:0% caring about physics and assets can live on<00:11:24.560> top<00:11:24.720> of<00:11:24.839> them<00:11:25.079> but<00:11:25.240> the<00:11:25.399> assets<00:11:25.639> are<00:11:25.839> not 00:11:25.990 --> 00:11:26.000 align:start position:0% on top of them but the assets are not 00:11:26.000 --> 00:11:28.750 align:start position:0% on top of them but the assets are not the<00:11:26.120> first<00:11:26.399> class<00:11:26.839> citizen<00:11:27.839> um<00:11:28.320> to<00:11:28.440> make<00:11:28.600> a 00:11:28.750 --> 00:11:28.760 align:start position:0% the first class citizen um to make a 00:11:28.760 --> 00:11:30.350 align:start position:0% the first class citizen um to make a concrete<00:11:29.279> you<00:11:29.360> went<00:11:29.519> from<00:11:29.639> metaverse<00:11:30.079> land 00:11:30.350 --> 00:11:30.360 align:start position:0% concrete you went from metaverse land 00:11:30.360 --> 00:11:32.269 align:start position:0% concrete you went from metaverse land nfts<00:11:31.079> where<00:11:31.200> you<00:11:31.360> own<00:11:31.680> something<00:11:31.959> until<00:11:32.200> you 00:11:32.269 --> 00:11:32.279 align:start position:0% nfts where you own something until you 00:11:32.279 --> 00:11:34.430 align:start position:0% nfts where you own something until you sell<00:11:32.519> it<00:11:32.959> to<00:11:33.120> a<00:11:33.240> tokenized<00:11:33.720> force<00:11:33.959> field<00:11:34.320> where 00:11:34.430 --> 00:11:34.440 align:start position:0% sell it to a tokenized force field where 00:11:34.440 --> 00:11:36.430 align:start position:0% sell it to a tokenized force field where you<00:11:34.560> own<00:11:34.920> something<00:11:35.639> until<00:11:35.920> someone<00:11:36.160> breaks 00:11:36.430 --> 00:11:36.440 align:start position:0% you own something until someone breaks 00:11:36.440 --> 00:11:39.389 align:start position:0% you own something until someone breaks the<00:11:36.519> force<00:11:37.240> field<00:11:38.240> and<00:11:38.480> when<00:11:38.600> you<00:11:38.800> have<00:11:38.920> a<00:11:39.079> new 00:11:39.389 --> 00:11:39.399 align:start position:0% the force field and when you have a new 00:11:39.399 --> 00:11:41.790 align:start position:0% the force field and when you have a new asset<00:11:39.760> class<00:11:40.440> you<00:11:40.680> birth<00:11:40.959> an<00:11:41.160> economy<00:11:41.600> with 00:11:41.790 --> 00:11:41.800 align:start position:0% asset class you birth an economy with 00:11:41.800 --> 00:11:44.389 align:start position:0% asset class you birth an economy with new<00:11:42.440> properties<00:11:43.440> this<00:11:43.600> requires<00:11:44.040> new<00:11:44.200> types 00:11:44.389 --> 00:11:44.399 align:start position:0% new properties this requires new types 00:11:44.399 --> 00:11:46.110 align:start position:0% new properties this requires new types of<00:11:44.519> participation<00:11:45.279> and<00:11:45.440> appeals<00:11:45.760> to<00:11:45.880> a<00:11:45.959> new 00:11:46.110 --> 00:11:46.120 align:start position:0% of participation and appeals to a new 00:11:46.120 --> 00:11:48.949 align:start position:0% of participation and appeals to a new set<00:11:46.279> of<00:11:46.880> users<00:11:47.880> um<00:11:48.320> which<00:11:48.440> is<00:11:48.560> really<00:11:48.760> cool 00:11:48.949 --> 00:11:48.959 align:start position:0% set of users um which is really cool 00:11:48.959 --> 00:11:50.509 align:start position:0% set of users um which is really cool which<00:11:49.079> is<00:11:49.240> why<00:11:49.440> even<00:11:49.680> though<00:11:49.959> this<00:11:50.160> like<00:11:50.360> has 00:11:50.509 --> 00:11:50.519 align:start position:0% which is why even though this like has 00:11:50.519 --> 00:11:51.870 align:start position:0% which is why even though this like has voxal<00:11:50.959> and<00:11:51.120> stuff<00:11:51.320> it's<00:11:51.480> it's<00:11:51.600> not<00:11:51.760> the 00:11:51.870 --> 00:11:51.880 align:start position:0% voxal and stuff it's it's not the 00:11:51.880 --> 00:11:54.230 align:start position:0% voxal and stuff it's it's not the sandbox<00:11:52.560> right<00:11:52.720> it's<00:11:53.040> it's<00:11:53.120> a<00:11:53.320> very<00:11:53.519> different 00:11:54.230 --> 00:11:54.240 align:start position:0% sandbox right it's it's a very different 00:11:54.240 --> 00:11:56.550 align:start position:0% sandbox right it's it's a very different system<00:11:55.240> um<00:11:55.399> and<00:11:55.519> this<00:11:55.639> brings<00:11:55.880> us<00:11:56.120> back<00:11:56.240> to<00:11:56.440> the 00:11:56.550 --> 00:11:56.560 align:start position:0% system um and this brings us back to the 00:11:56.560 --> 00:11:58.829 align:start position:0% system um and this brings us back to the original<00:11:56.920> claim<00:11:57.200> that<00:11:57.320> we<00:11:57.399> started<00:11:57.760> off<00:11:57.959> with 00:11:58.829 --> 00:11:58.839 align:start position:0% original claim that we started off with 00:11:58.839 --> 00:12:01.430 align:start position:0% original claim that we started off with matter<00:11:59.519> and<00:11:59.760> smart<00:12:00.120> items<00:12:00.560> can<00:12:00.720> birth<00:12:01.000> a<00:12:01.160> crazy 00:12:01.430 --> 00:12:01.440 align:start position:0% matter and smart items can birth a crazy 00:12:01.440 --> 00:12:04.269 align:start position:0% matter and smart items can birth a crazy new<00:12:01.680> asset<00:12:02.000> class<00:12:02.800> tokenize<00:12:03.320> digital 00:12:04.269 --> 00:12:04.279 align:start position:0% new asset class tokenize digital 00:12:04.279 --> 00:12:07.430 align:start position:0% new asset class tokenize digital Commodities<00:12:05.279> tokenize<00:12:05.800> force<00:12:06.320> fields<00:12:07.320> that 00:12:07.430 --> 00:12:07.440 align:start position:0% Commodities tokenize force fields that 00:12:07.440 --> 00:12:09.269 align:start position:0% Commodities tokenize force fields that will<00:12:07.639> unlock<00:12:08.079> autonomous<00:12:08.560> worlds<00:12:09.040> because 00:12:09.269 --> 00:12:09.279 align:start position:0% will unlock autonomous worlds because 00:12:09.279 --> 00:12:10.470 align:start position:0% will unlock autonomous worlds because they'll<00:12:09.480> make<00:12:09.600> the<00:12:09.720> autonomous<00:12:10.120> worlds 00:12:10.470 --> 00:12:10.480 align:start position:0% they'll make the autonomous worlds 00:12:10.480 --> 00:12:13.350 align:start position:0% they'll make the autonomous worlds really<00:12:11.240> obvious<00:12:12.240> and<00:12:12.519> to<00:12:12.720> visualize<00:12:13.120> it<00:12:13.240> one 00:12:13.350 --> 00:12:13.360 align:start position:0% really obvious and to visualize it one 00:12:13.360 --> 00:12:15.189 align:start position:0% really obvious and to visualize it one more<00:12:13.560> time<00:12:13.839> you<00:12:14.000> think<00:12:14.399> let's<00:12:14.560> just<00:12:14.800> expand 00:12:15.189 --> 00:12:15.199 align:start position:0% more time you think let's just expand 00:12:15.199 --> 00:12:17.710 align:start position:0% more time you think let's just expand that<00:12:15.360> statement<00:12:16.279> unlike<00:12:16.720> Bitcoin<00:12:17.240> scarse 00:12:17.710 --> 00:12:17.720 align:start position:0% that statement unlike Bitcoin scarse 00:12:17.720 --> 00:12:20.230 align:start position:0% that statement unlike Bitcoin scarse digital<00:12:18.040> coins<00:12:18.360> and<00:12:18.560> tamperproof<00:12:19.240> IUS 00:12:20.230 --> 00:12:20.240 align:start position:0% digital coins and tamperproof IUS 00:12:20.240 --> 00:12:21.790 align:start position:0% digital coins and tamperproof IUS autonomous<00:12:20.720> worlds<00:12:21.040> will<00:12:21.199> have<00:12:21.360> scarse 00:12:21.790 --> 00:12:21.800 align:start position:0% autonomous worlds will have scarse 00:12:21.800 --> 00:12:23.710 align:start position:0% autonomous worlds will have scarse digital<00:12:22.079> matter<00:12:22.600> and<00:12:22.760> tamperproof 00:12:23.710 --> 00:12:23.720 align:start position:0% digital matter and tamperproof 00:12:23.720 --> 00:12:26.470 align:start position:0% digital matter and tamperproof physics<00:12:24.720> inside<00:12:25.600> the<00:12:25.760> players<00:12:26.079> will<00:12:26.279> use 00:12:26.470 --> 00:12:26.480 align:start position:0% physics inside the players will use 00:12:26.480 --> 00:12:29.189 align:start position:0% physics inside the players will use Smart<00:12:26.880> items<00:12:27.440> which<00:12:27.560> are<00:12:27.959> tangible<00:12:28.720> physical 00:12:29.189 --> 00:12:29.199 align:start position:0% Smart items which are tangible physical 00:12:29.199 --> 00:12:31.310 align:start position:0% Smart items which are tangible physical forms<00:12:29.399> of<00:12:29.519> smart<00:12:29.880> contracts<00:12:30.839> to<00:12:31.000> grow 00:12:31.310 --> 00:12:31.320 align:start position:0% forms of smart contracts to grow 00:12:31.320 --> 00:12:33.710 align:start position:0% forms of smart contracts to grow extremely<00:12:31.800> large<00:12:32.360> economies<00:12:33.360> and<00:12:33.480> what<00:12:33.600> we 00:12:33.710 --> 00:12:33.720 align:start position:0% extremely large economies and what we 00:12:33.720 --> 00:12:35.910 align:start position:0% extremely large economies and what we have<00:12:33.880> done<00:12:34.120> here<00:12:34.440> is<00:12:34.839> we've<00:12:35.120> kept<00:12:35.320> it<00:12:35.480> simple 00:12:35.910 --> 00:12:35.920 align:start position:0% have done here is we've kept it simple 00:12:35.920 --> 00:12:37.990 align:start position:0% have done here is we've kept it simple we<00:12:36.079> haven't<00:12:36.360> sort<00:12:36.560> of<00:12:37.199> you<00:12:37.320> know<00:12:37.480> went<00:12:37.720> too 00:12:37.990 --> 00:12:38.000 align:start position:0% we haven't sort of you know went too 00:12:38.000 --> 00:12:40.670 align:start position:0% we haven't sort of you know went too outside<00:12:38.399> and<00:12:38.560> too<00:12:38.839> wild<00:12:39.519> we<00:12:39.639> have<00:12:39.839> taken<00:12:40.199> ideas 00:12:40.670 --> 00:12:40.680 align:start position:0% outside and too wild we have taken ideas 00:12:40.680 --> 00:12:43.110 align:start position:0% outside and too wild we have taken ideas that<00:12:40.920> already<00:12:41.399> work<00:12:42.279> and<00:12:42.440> we<00:12:42.560> have<00:12:42.760> just<00:12:42.959> kind 00:12:43.110 --> 00:12:43.120 align:start position:0% that already work and we have just kind 00:12:43.120 --> 00:12:45.509 align:start position:0% that already work and we have just kind of<00:12:43.680> reapplied<00:12:44.440> them<00:12:44.680> we<00:12:44.760> have<00:12:44.880> changed<00:12:45.320> these 00:12:45.509 --> 00:12:45.519 align:start position:0% of reapplied them we have changed these 00:12:45.519 --> 00:12:47.550 align:start position:0% of reapplied them we have changed these ideas<00:12:46.279> such<00:12:46.560> that<00:12:46.720> instead<00:12:46.959> of<00:12:47.079> being<00:12:47.279> built 00:12:47.550 --> 00:12:47.560 align:start position:0% ideas such that instead of being built 00:12:47.560 --> 00:12:49.629 align:start position:0% ideas such that instead of being built for<00:12:47.800> finance<00:12:48.800> they're<00:12:48.959> now<00:12:49.079> built<00:12:49.320> for<00:12:49.480> these 00:12:49.629 --> 00:12:49.639 align:start position:0% for finance they're now built for these 00:12:49.639 --> 00:12:51.910 align:start position:0% for finance they're now built for these Virtual<00:12:49.959> Worlds<00:12:50.760> scarse<00:12:51.160> digital<00:12:51.560> coins 00:12:51.910 --> 00:12:51.920 align:start position:0% Virtual Worlds scarse digital coins 00:12:51.920 --> 00:12:54.389 align:start position:0% Virtual Worlds scarse digital coins become<00:12:52.199> scarse<00:12:52.600> matter<00:12:53.279> temper<00:12:53.639> prooof<00:12:53.880> IUS 00:12:54.389 --> 00:12:54.399 align:start position:0% become scarse matter temper prooof IUS 00:12:54.399 --> 00:12:56.269 align:start position:0% become scarse matter temper prooof IUS becomes<00:12:54.680> temper<00:12:55.000> prooof<00:12:55.240> physics<00:12:55.880> smart 00:12:56.269 --> 00:12:56.279 align:start position:0% becomes temper prooof physics smart 00:12:56.279 --> 00:12:58.150 align:start position:0% becomes temper prooof physics smart contracts<00:12:56.760> become<00:12:57.000> smart<00:12:57.279> items<00:12:57.880> I<00:12:57.959> think<00:12:58.079> if 00:12:58.150 --> 00:12:58.160 align:start position:0% contracts become smart items I think if 00:12:58.160 --> 00:12:59.910 align:start position:0% contracts become smart items I think if you<00:12:58.279> take<00:12:58.480> anything<00:12:58.760> away<00:12:58.920> from<00:12:59.240> this<00:12:59.399> talk<00:12:59.839> I 00:12:59.910 --> 00:12:59.920 align:start position:0% you take anything away from this talk I 00:12:59.920 --> 00:13:02.710 align:start position:0% you take anything away from this talk I think<00:13:00.040> it<00:13:00.079> would<00:13:00.240> just<00:13:00.360> be<00:13:00.519> this<00:13:00.680> slide 00:13:02.710 --> 00:13:02.720 align:start position:0% think it would just be this slide 00:13:02.720 --> 00:13:05.509 align:start position:0% think it would just be this slide um<00:13:03.720> and<00:13:03.959> okay<00:13:04.160> now<00:13:04.399> now<00:13:04.560> zooming<00:13:04.920> out<00:13:05.120> only<00:13:05.360> CU 00:13:05.509 --> 00:13:05.519 align:start position:0% um and okay now now zooming out only CU 00:13:05.519 --> 00:13:07.910 align:start position:0% um and okay now now zooming out only CU I<00:13:05.600> have<00:13:05.800> like<00:13:05.959> a<00:13:06.079> few<00:13:06.639> more<00:13:06.839> minutes<00:13:07.199> so<00:13:07.360> I<00:13:07.440> can 00:13:07.910 --> 00:13:07.920 align:start position:0% I have like a few more minutes so I can 00:13:07.920 --> 00:13:10.189 align:start position:0% I have like a few more minutes so I can just<00:13:08.279> say<00:13:08.440> some<00:13:09.440> um<00:13:09.760> we're<00:13:09.920> seeing 00:13:10.189 --> 00:13:10.199 align:start position:0% just say some um we're seeing 00:13:10.199 --> 00:13:12.230 align:start position:0% just say some um we're seeing how<00:13:10.399> ethereum<00:13:10.880> can<00:13:11.120> eventually<00:13:11.560> birth<00:13:11.839> worlds 00:13:12.230 --> 00:13:12.240 align:start position:0% how ethereum can eventually birth worlds 00:13:12.240 --> 00:13:14.350 align:start position:0% how ethereum can eventually birth worlds we<00:13:12.360> don't<00:13:12.600> inhabit<00:13:13.120> physically<00:13:13.880> but<00:13:14.000> we<00:13:14.120> still 00:13:14.350 --> 00:13:14.360 align:start position:0% we don't inhabit physically but we still 00:13:14.360 --> 00:13:16.350 align:start position:0% we don't inhabit physically but we still treat<00:13:14.600> us<00:13:14.760> tremendously<00:13:15.320> real<00:13:15.519> and<00:13:15.680> valuable 00:13:16.350 --> 00:13:16.360 align:start position:0% treat us tremendously real and valuable 00:13:16.360 --> 00:13:19.230 align:start position:0% treat us tremendously real and valuable right<00:13:17.000> so<00:13:17.360> imagine<00:13:17.800> biomes<00:13:18.279> has<00:13:18.519> like<00:13:18.839> A10 00:13:19.230 --> 00:13:19.240 align:start position:0% right so imagine biomes has like A10 00:13:19.240 --> 00:13:21.069 align:start position:0% right so imagine biomes has like A10 billion<00:13:19.839> GDP<00:13:20.360> right<00:13:20.519> or<00:13:20.680> or<00:13:20.800> maybe<00:13:21.000> the 00:13:21.069 --> 00:13:21.079 align:start position:0% billion GDP right or or maybe the 00:13:21.079 --> 00:13:22.509 align:start position:0% billion GDP right or or maybe the autonomous<00:13:21.440> world<00:13:21.680> you<00:13:21.800> build<00:13:22.040> has<00:13:22.120> a<00:13:22.279> 10 00:13:22.509 --> 00:13:22.519 align:start position:0% autonomous world you build has a 10 00:13:22.519 --> 00:13:25.670 align:start position:0% autonomous world you build has a 10 million<00:13:23.000> 10<00:13:23.240> billion<00:13:23.880> GDP<00:13:24.880> um<00:13:25.040> and<00:13:25.199> autonomous 00:13:25.670 --> 00:13:25.680 align:start position:0% million 10 billion GDP um and autonomous 00:13:25.680 --> 00:13:27.310 align:start position:0% million 10 billion GDP um and autonomous agents<00:13:26.000> start<00:13:26.160> living<00:13:26.440> inside<00:13:26.920> then<00:13:27.000> you<00:13:27.199> have 00:13:27.310 --> 00:13:27.320 align:start position:0% agents start living inside then you have 00:13:27.320 --> 00:13:29.750 align:start position:0% agents start living inside then you have a<00:13:27.440> really<00:13:27.560> funny<00:13:27.880> thing<00:13:28.600> so<00:13:28.880> so 00:13:29.750 --> 00:13:29.760 align:start position:0% a really funny thing so so 00:13:29.760 --> 00:13:31.389 align:start position:0% a really funny thing so so if<00:13:29.880> they<00:13:30.040> live<00:13:30.279> inside<00:13:30.800> they're<00:13:31.000> obviously 00:13:31.389 --> 00:13:31.399 align:start position:0% if they live inside they're obviously 00:13:31.399 --> 00:13:32.710 align:start position:0% if they live inside they're obviously going<00:13:31.480> to<00:13:32.040> they're<00:13:32.160> going<00:13:32.240> to<00:13:32.440> M<00:13:32.600> they're 00:13:32.710 --> 00:13:32.720 align:start position:0% going to they're going to M they're 00:13:32.720 --> 00:13:35.030 align:start position:0% going to they're going to M they're going<00:13:32.839> to<00:13:33.040> Value<00:13:33.399> the<00:13:33.560> scarse<00:13:34.000> digital<00:13:34.360> matter 00:13:35.030 --> 00:13:35.040 align:start position:0% going to Value the scarse digital matter 00:13:35.040 --> 00:13:37.389 align:start position:0% going to Value the scarse digital matter in<00:13:35.199> the<00:13:35.360> world<00:13:35.639> they<00:13:35.760> live<00:13:36.000> inside<00:13:36.959> much<00:13:37.240> more 00:13:37.389 --> 00:13:37.399 align:start position:0% in the world they live inside much more 00:13:37.399 --> 00:13:38.949 align:start position:0% in the world they live inside much more than<00:13:37.560> the<00:13:37.720> coins<00:13:38.040> from<00:13:38.199> our<00:13:38.440> world<00:13:38.680> they<00:13:38.800> don't 00:13:38.949 --> 00:13:38.959 align:start position:0% than the coins from our world they don't 00:13:38.959 --> 00:13:41.189 align:start position:0% than the coins from our world they don't actually<00:13:39.160> live<00:13:39.279> in<00:13:39.399> our<00:13:39.560> world<00:13:40.320> right<00:13:40.720> if<00:13:40.920> if<00:13:41.079> I 00:13:41.189 --> 00:13:41.199 align:start position:0% actually live in our world right if if I 00:13:41.199 --> 00:13:43.269 align:start position:0% actually live in our world right if if I if<00:13:41.320> I<00:13:41.440> have<00:13:41.560> an<00:13:41.680> autonomous<00:13:42.160> agent<00:13:42.399> in<00:13:42.639> biomes 00:13:43.269 --> 00:13:43.279 align:start position:0% if I have an autonomous agent in biomes 00:13:43.279 --> 00:13:45.350 align:start position:0% if I have an autonomous agent in biomes and<00:13:43.399> I<00:13:43.519> give<00:13:43.639> it<00:13:43.760> a<00:13:43.839> bunch<00:13:44.000> of<00:13:44.120> neptunium<00:13:44.680> ore 00:13:45.350 --> 00:13:45.360 align:start position:0% and I give it a bunch of neptunium ore 00:13:45.360 --> 00:13:47.269 align:start position:0% and I give it a bunch of neptunium ore it<00:13:45.480> can<00:13:45.720> take<00:13:46.040> that<00:13:46.240> and<00:13:46.399> build<00:13:46.760> weapons<00:13:47.160> with 00:13:47.269 --> 00:13:47.279 align:start position:0% it can take that and build weapons with 00:13:47.279 --> 00:13:50.069 align:start position:0% it can take that and build weapons with it<00:13:47.480> and<00:13:47.639> use<00:13:47.920> those<00:13:48.440> weapons<00:13:49.440> so<00:13:49.720> it's<00:13:49.920> good 00:13:50.069 --> 00:13:50.079 align:start position:0% it and use those weapons so it's good 00:13:50.079 --> 00:13:52.590 align:start position:0% it and use those weapons so it's good it's<00:13:50.320> clear<00:13:50.639> why<00:13:50.759> it<00:13:50.880> has<00:13:51.079> value<00:13:51.959> if<00:13:52.079> I<00:13:52.240> give<00:13:52.360> it 00:13:52.590 --> 00:13:52.600 align:start position:0% it's clear why it has value if I give it 00:13:52.600 --> 00:13:54.670 align:start position:0% it's clear why it has value if I give it coins<00:13:52.920> if<00:13:53.079> I<00:13:53.199> give<00:13:53.320> it<00:13:53.440> the<00:13:53.560> US<00:13:53.880> dollar<00:13:54.480> it 00:13:54.670 --> 00:13:54.680 align:start position:0% coins if I give it the US dollar it 00:13:54.680 --> 00:13:56.910 align:start position:0% coins if I give it the US dollar it can't<00:13:55.040> like<00:13:55.880> what<00:13:56.000> it<00:13:56.120> can't<00:13:56.360> buy<00:13:56.480> a<00:13:56.560> burger 00:13:56.910 --> 00:13:56.920 align:start position:0% can't like what it can't buy a burger 00:13:56.920 --> 00:13:57.790 align:start position:0% can't like what it can't buy a burger right<00:13:57.079> what's<00:13:57.199> it<00:13:57.320> going<00:13:57.399> to<00:13:57.519> do<00:13:57.600> with<00:13:57.720> a 00:13:57.790 --> 00:13:57.800 align:start position:0% right what's it going to do with a 00:13:57.800 --> 00:14:00.310 align:start position:0% right what's it going to do with a burger<00:13:58.360> so<00:13:59.279> give<00:13:59.399> a<00:13:59.639> about<00:13:59.800> our<00:13:59.959> coins<00:14:00.240> it 00:14:00.310 --> 00:14:00.320 align:start position:0% burger so give a about our coins it 00:14:00.320 --> 00:14:01.829 align:start position:0% burger so give a about our coins it will<00:14:00.480> only<00:14:00.680> care<00:14:00.920> about<00:14:01.160> all<00:14:01.320> the<00:14:01.560> all<00:14:01.720> the 00:14:01.829 --> 00:14:01.839 align:start position:0% will only care about all the all the 00:14:01.839 --> 00:14:03.829 align:start position:0% will only care about all the all the scars<00:14:02.240> matter<00:14:02.959> and<00:14:03.079> then<00:14:03.199> you<00:14:03.320> have<00:14:03.440> a<00:14:03.639> really 00:14:03.829 --> 00:14:03.839 align:start position:0% scars matter and then you have a really 00:14:03.839 --> 00:14:06.389 align:start position:0% scars matter and then you have a really weird<00:14:04.160> future<00:14:04.639> right<00:14:05.040> agis<00:14:05.639> will<00:14:05.839> only<00:14:06.160> accept 00:14:06.389 --> 00:14:06.399 align:start position:0% weird future right agis will only accept 00:14:06.399 --> 00:14:08.069 align:start position:0% weird future right agis will only accept secur<00:14:06.800> for<00:14:06.959> payment<00:14:07.399> they<00:14:07.480> don't<00:14:07.680> believe<00:14:07.880> in 00:14:08.069 --> 00:14:08.079 align:start position:0% secur for payment they don't believe in 00:14:08.079 --> 00:14:11.030 align:start position:0% secur for payment they don't believe in coins<00:14:08.920> in<00:14:09.079> 2027<00:14:10.040> biomes<00:14:10.399> is<00:14:10.519> our<00:14:10.720> only 00:14:11.030 --> 00:14:11.040 align:start position:0% coins in 2027 biomes is our only 00:14:11.040 --> 00:14:13.389 align:start position:0% coins in 2027 biomes is our only communication<00:14:11.759> challenge<00:14:12.279> channel<00:14:12.680> to<00:14:12.920> ASI 00:14:13.389 --> 00:14:13.399 align:start position:0% communication challenge channel to ASI 00:14:13.399 --> 00:14:15.910 align:start position:0% communication challenge channel to ASI agents<00:14:14.160> and<00:14:14.279> when<00:14:14.440> we<00:14:14.600> want<00:14:14.959> Council<00:14:15.759> we 00:14:15.910 --> 00:14:15.920 align:start position:0% agents and when we want Council we 00:14:15.920 --> 00:14:17.670 align:start position:0% agents and when we want Council we travel<00:14:16.279> into<00:14:16.560> biomes<00:14:16.920> and<00:14:17.079> journey<00:14:17.360> to<00:14:17.519> their 00:14:17.670 --> 00:14:17.680 align:start position:0% travel into biomes and journey to their 00:14:17.680 --> 00:14:19.990 align:start position:0% travel into biomes and journey to their lands<00:14:17.959> and<00:14:18.199> homes<00:14:18.839> and<00:14:18.959> bring<00:14:19.279> the<00:14:19.440> agents 00:14:19.990 --> 00:14:20.000 align:start position:0% lands and homes and bring the agents 00:14:20.000 --> 00:14:22.310 align:start position:0% lands and homes and bring the agents glowstone<00:14:21.000> and<00:14:21.160> in<00:14:21.440> return<00:14:21.759> they<00:14:21.920> give<00:14:22.079> you 00:14:22.310 --> 00:14:22.320 align:start position:0% glowstone and in return they give you 00:14:22.320 --> 00:14:24.670 align:start position:0% glowstone and in return they give you you<00:14:22.440> know<00:14:23.079> some<00:14:23.680> cryptographically 00:14:24.670 --> 00:14:24.680 align:start position:0% you know some cryptographically 00:14:24.680 --> 00:14:26.790 align:start position:0% you know some cryptographically encrypted<00:14:25.199> reman<00:14:25.639> hypothesis<00:14:26.199> solution<00:14:26.560> in<00:14:26.639> a 00:14:26.790 --> 00:14:26.800 align:start position:0% encrypted reman hypothesis solution in a 00:14:26.800 --> 00:14:29.269 align:start position:0% encrypted reman hypothesis solution in a book<00:14:27.320> so<00:14:27.560> this<00:14:27.639> is<00:14:27.839> how<00:14:28.000> we<00:14:28.160> solve<00:14:28.440> the<00:14:28.600> problem 00:14:29.269 --> 00:14:29.279 align:start position:0% book so this is how we solve the problem 00:14:29.279 --> 00:14:31.230 align:start position:0% book so this is how we solve the problem of<00:14:29.360> the<00:14:29.440> future<00:14:29.800> right<00:14:29.959> we<00:14:30.079> just<00:14:30.560> we<00:14:30.720> just<00:14:31.079> we 00:14:31.230 --> 00:14:31.240 align:start position:0% of the future right we just we just we 00:14:31.240 --> 00:14:33.590 align:start position:0% of the future right we just we just we just<00:14:31.480> appeal<00:14:32.000> to<00:14:32.279> the<00:14:32.639> the<00:14:32.800> agents<00:14:33.199> in<00:14:33.399> in 00:14:33.590 --> 00:14:33.600 align:start position:0% just appeal to the the agents in in 00:14:33.600 --> 00:14:35.150 align:start position:0% just appeal to the the agents in in biomes<00:14:34.000> and<00:14:34.160> and<00:14:34.240> they<00:14:34.399> give<00:14:34.519> us<00:14:34.639> all<00:14:34.800> their 00:14:35.150 --> 00:14:35.160 align:start position:0% biomes and and they give us all their 00:14:35.160 --> 00:14:37.509 align:start position:0% biomes and and they give us all their Solutions<00:14:36.160> and<00:14:36.320> Skylar<00:14:36.720> is<00:14:36.880> really<00:14:37.079> smart<00:14:37.399> you 00:14:37.509 --> 00:14:37.519 align:start position:0% Solutions and Skylar is really smart you 00:14:37.519 --> 00:14:39.590 align:start position:0% Solutions and Skylar is really smart you need<00:14:37.639> to<00:14:37.839> trust<00:14:38.120> in<00:14:38.279> Skylar<00:14:38.800> right<00:14:39.160> he<00:14:39.360> he<00:14:39.480> he 00:14:39.590 --> 00:14:39.600 align:start position:0% need to trust in Skylar right he he he 00:14:39.600 --> 00:14:41.389 align:start position:0% need to trust in Skylar right he he he built<00:14:39.920> this<00:14:40.160> like<00:14:40.399> he<00:14:40.519> he<00:14:40.639> runs<00:14:40.880> this<00:14:41.079> event 00:14:41.389 --> 00:14:41.399 align:start position:0% built this like he he runs this event 00:14:41.399 --> 00:14:43.430 align:start position:0% built this like he he runs this event thing<00:14:41.680> which<00:14:41.839> means<00:14:42.480> everything<00:14:42.800> he<00:14:42.920> says<00:14:43.240> is 00:14:43.430 --> 00:14:43.440 align:start position:0% thing which means everything he says is 00:14:43.440 --> 00:14:45.749 align:start position:0% thing which means everything he says is definitely<00:14:43.800> true<00:14:44.519> and<00:14:44.800> and<00:14:44.959> what<00:14:45.160> he<00:14:45.320> said<00:14:45.600> is 00:14:45.749 --> 00:14:45.759 align:start position:0% definitely true and and what he said is 00:14:45.759 --> 00:14:47.590 align:start position:0% definitely true and and what he said is that<00:14:46.000> biomes<00:14:46.360> is<00:14:46.480> Unstoppable<00:14:47.079> Minecraft 00:14:47.590 --> 00:14:47.600 align:start position:0% that biomes is Unstoppable Minecraft 00:14:47.600 --> 00:14:49.790 align:start position:0% that biomes is Unstoppable Minecraft today<00:14:48.480> but<00:14:48.680> that<00:14:48.800> doesn't<00:14:49.040> mean<00:14:49.240> you<00:14:49.360> can<00:14:49.639> take 00:14:49.790 --> 00:14:49.800 align:start position:0% today but that doesn't mean you can take 00:14:49.800 --> 00:14:51.550 align:start position:0% today but that doesn't mean you can take it<00:14:50.000> you<00:14:50.120> know<00:14:50.399> for<00:14:50.639> fun<00:14:50.880> you<00:14:51.000> have<00:14:51.120> to<00:14:51.240> take<00:14:51.360> it 00:14:51.550 --> 00:14:51.560 align:start position:0% it you know for fun you have to take it 00:14:51.560 --> 00:14:54.230 align:start position:0% it you know for fun you have to take it very<00:14:51.800> seriously<00:14:52.759> because<00:14:53.079> tomorrow<00:14:53.959> he<00:14:54.079> said 00:14:54.230 --> 00:14:54.240 align:start position:0% very seriously because tomorrow he said 00:14:54.240 --> 00:14:56.069 align:start position:0% very seriously because tomorrow he said it'll<00:14:54.440> be<00:14:54.560> an<00:14:54.720> Unstoppable<00:14:55.519> lifelike 00:14:56.069 --> 00:14:56.079 align:start position:0% it'll be an Unstoppable lifelike 00:14:56.079 --> 00:14:57.590 align:start position:0% it'll be an Unstoppable lifelike simulation<00:14:57.079> that's<00:14:57.240> going<00:14:57.360> to<00:14:57.440> have 00:14:57.590 --> 00:14:57.600 align:start position:0% simulation that's going to have 00:14:57.600 --> 00:14:59.870 align:start position:0% simulation that's going to have unalterable<00:14:58.320> digital<00:14:58.639> physic<00:14:59.160> by<00:14:59.320> AI<00:14:59.720> who 00:14:59.870 --> 00:14:59.880 align:start position:0% unalterable digital physic by AI who 00:14:59.880 --> 00:15:01.509 align:start position:0% unalterable digital physic by AI who believe<00:15:00.120> they're<00:15:00.399> senten<00:15:00.880> as<00:15:01.000> we<00:15:01.160> believe<00:15:01.399> we 00:15:01.509 --> 00:15:01.519 align:start position:0% believe they're senten as we believe we 00:15:01.519 --> 00:15:03.910 align:start position:0% believe they're senten as we believe we are<00:15:02.040> which<00:15:02.160> is<00:15:02.360> crazy<00:15:02.759> so<00:15:03.199> take<00:15:03.360> it<00:15:03.519> seriously 00:15:03.910 --> 00:15:03.920 align:start position:0% are which is crazy so take it seriously 00:15:03.920 --> 00:15:07.430 align:start position:0% are which is crazy so take it seriously stock<00:15:04.279> up<00:15:04.399> on<00:15:04.600> all<00:15:04.720> the<00:15:04.880> Sakura<00:15:05.360> you<00:15:05.600> can<00:15:06.600> um<00:15:07.320> go 00:15:07.430 --> 00:15:07.440 align:start position:0% stock up on all the Sakura you can um go 00:15:07.440 --> 00:15:10.069 align:start position:0% stock up on all the Sakura you can um go to<00:15:07.600> biomes<00:15:08.079> aw<00:15:08.600> you'll<00:15:08.759> see<00:15:08.959> all<00:15:09.079> this<00:15:09.240> unfold 00:15:10.069 --> 00:15:10.079 align:start position:0% to biomes aw you'll see all this unfold 00:15:10.079 --> 00:15:11.430 align:start position:0% to biomes aw you'll see all this unfold it'll<00:15:10.360> probably<00:15:10.720> like<00:15:10.880> go<00:15:11.040> through<00:15:11.199> many 00:15:11.430 --> 00:15:11.440 align:start position:0% it'll probably like go through many 00:15:11.440 --> 00:15:13.310 align:start position:0% it'll probably like go through many cycles<00:15:11.839> over<00:15:12.040> the<00:15:12.160> years<00:15:12.519> but<00:15:12.920> hopefully 00:15:13.310 --> 00:15:13.320 align:start position:0% cycles over the years but hopefully 00:15:13.320 --> 00:15:14.590 align:start position:0% cycles over the years but hopefully something<00:15:13.600> really<00:15:13.800> crazy<00:15:14.079> will<00:15:14.240> come<00:15:14.360> out<00:15:14.480> of 00:15:14.590 --> 00:15:14.600 align:start position:0% something really crazy will come out of 00:15:14.600 --> 00:15:21.310 align:start position:0% something really crazy will come out of it<00:15:14.720> at<00:15:14.839> some<00:15:15.279> point<00:15:16.279> um<00:15:16.519> and<00:15:16.680> thank 00:15:21.310 --> 00:15:21.320 align:start position:0% 00:15:21.320 --> 00:15:25.910 align:start position:0% you<00:15:22.320> all<00:15:22.480> right<00:15:22.720> question<00:15:23.480> times<00:15:24.680> um<00:15:25.680> as 00:15:25.910 --> 00:15:25.920 align:start position:0% you all right question times um as 00:15:25.920 --> 00:15:28.269 align:start position:0% you all right question times um as before<00:15:26.240> scan<00:15:26.519> the<00:15:26.600> C<00:15:26.880> code<00:15:27.160> log<00:15:27.360> in<00:15:27.639> with<00:15:27.800> zass 00:15:28.269 --> 00:15:28.279 align:start position:0% before scan the C code log in with zass 00:15:28.279 --> 00:15:29.629 align:start position:0% before scan the C code log in with zass start<00:15:28.480> asking<00:15:28.720> your<00:15:29.040> your<00:15:29.160> questions<00:15:29.440> you<00:15:29.519> can 00:15:29.629 --> 00:15:29.639 align:start position:0% start asking your your questions you can 00:15:29.639 --> 00:15:31.430 align:start position:0% start asking your your questions you can also<00:15:29.880> up<00:15:30.160> vote<00:15:30.360> other<00:15:30.639> questions<00:15:31.000> if<00:15:31.120> you<00:15:31.240> want 00:15:31.430 --> 00:15:31.440 align:start position:0% also up vote other questions if you want 00:15:31.440 --> 00:15:33.230 align:start position:0% also up vote other questions if you want them<00:15:31.560> to<00:15:31.759> top<00:15:31.959> to<00:15:32.279> come<00:15:32.440> to<00:15:32.600> the<00:15:32.759> top<00:15:32.920> of<00:15:33.040> the 00:15:33.230 --> 00:15:33.240 align:start position:0% them to top to come to the top of the 00:15:33.240 --> 00:15:35.230 align:start position:0% them to top to come to the top of the screen<00:15:34.240> uh<00:15:34.360> please<00:15:34.560> do<00:15:34.720> that<00:15:34.839> so<00:15:35.000> we<00:15:35.120> don't 00:15:35.230 --> 00:15:35.240 align:start position:0% screen uh please do that so we don't 00:15:35.240 --> 00:15:36.749 align:start position:0% screen uh please do that so we don't have<00:15:35.360> to<00:15:35.519> scroll<00:15:35.959> because<00:15:36.120> it<00:15:36.240> was<00:15:36.360> awkward 00:15:36.749 --> 00:15:36.759 align:start position:0% have to scroll because it was awkward 00:15:36.759 --> 00:15:37.949 align:start position:0% have to scroll because it was awkward last<00:15:36.959> time<00:15:37.120> so<00:15:37.199> we'll<00:15:37.360> start<00:15:37.519> with<00:15:37.600> the<00:15:37.680> first 00:15:37.949 --> 00:15:37.959 align:start position:0% last time so we'll start with the first 00:15:37.959 --> 00:15:40.230 align:start position:0% last time so we'll start with the first question<00:15:38.759> can<00:15:38.959> smart<00:15:39.319> items<00:15:39.680> interact<00:15:40.079> with 00:15:40.230 --> 00:15:40.240 align:start position:0% question can smart items interact with 00:15:40.240 --> 00:15:42.030 align:start position:0% question can smart items interact with the<00:15:40.319> world<00:15:40.639> like<00:15:40.839> Place<00:15:41.240> remove<00:15:41.600> blocks<00:15:41.880> and 00:15:42.030 --> 00:15:42.040 align:start position:0% the world like Place remove blocks and 00:15:42.040 --> 00:15:45.350 align:start position:0% the world like Place remove blocks and Define<00:15:42.639> regions<00:15:43.639> yeah<00:15:43.880> so<00:15:44.279> smart<00:15:44.639> items<00:15:45.079> are 00:15:45.350 --> 00:15:45.360 align:start position:0% Define regions yeah so smart items are 00:15:45.360 --> 00:15:48.110 align:start position:0% Define regions yeah so smart items are items<00:15:45.800> with<00:15:46.040> functionality<00:15:46.639> in<00:15:46.759> the<00:15:46.920> world<00:15:47.920> um 00:15:48.110 --> 00:15:48.120 align:start position:0% items with functionality in the world um 00:15:48.120 --> 00:15:50.670 align:start position:0% items with functionality in the world um for<00:15:48.319> example<00:15:48.800> a<00:15:49.000> chest<00:15:49.399> is<00:15:49.519> an<00:15:49.720> item<00:15:50.480> that<00:15:50.600> you 00:15:50.670 --> 00:15:50.680 align:start position:0% for example a chest is an item that you 00:15:50.680 --> 00:15:53.710 align:start position:0% for example a chest is an item that you can<00:15:50.839> store<00:15:51.199> stuff<00:15:51.759> and<00:15:52.199> take<00:15:52.440> stuff<00:15:52.639> out<00:15:52.839> of<00:15:53.519> a 00:15:53.710 --> 00:15:53.720 align:start position:0% can store stuff and take stuff out of a 00:15:53.720 --> 00:15:55.910 align:start position:0% can store stuff and take stuff out of a door<00:15:54.000> is<00:15:54.120> an<00:15:54.279> item<00:15:54.680> that<00:15:54.800> you<00:15:55.079> open<00:15:55.319> or<00:15:55.519> close 00:15:55.910 --> 00:15:55.920 align:start position:0% door is an item that you open or close 00:15:55.920 --> 00:15:58.629 align:start position:0% door is an item that you open or close to<00:15:56.399> like<00:15:56.519> enter<00:15:56.920> something<00:15:57.839> so<00:15:58.079> smart<00:15:58.399> items 00:15:58.629 --> 00:15:58.639 align:start position:0% to like enter something so smart items 00:15:58.639 --> 00:16:00.350 align:start position:0% to like enter something so smart items are<00:15:58.800> just<00:15:59.160> like<00:15:59.480> regular<00:15:59.880> items<00:16:00.199> with 00:16:00.350 --> 00:16:00.360 align:start position:0% are just like regular items with 00:16:00.360 --> 00:16:02.949 align:start position:0% are just like regular items with functionality<00:16:00.839> in<00:16:00.959> the<00:16:01.240> world<00:16:02.240> and<00:16:02.639> all<00:16:02.800> you 00:16:02.949 --> 00:16:02.959 align:start position:0% functionality in the world and all you 00:16:02.959 --> 00:16:05.509 align:start position:0% functionality in the world and all you do<00:16:03.279> is<00:16:03.720> by<00:16:03.959> inserting<00:16:04.399> a<00:16:04.519> smart<00:16:04.920> contract<00:16:05.319> into 00:16:05.509 --> 00:16:05.519 align:start position:0% do is by inserting a smart contract into 00:16:05.519 --> 00:16:07.670 align:start position:0% do is by inserting a smart contract into the<00:16:05.680> item<00:16:06.399> you<00:16:06.519> can<00:16:06.759> hook<00:16:07.079> into<00:16:07.360> that 00:16:07.670 --> 00:16:07.680 align:start position:0% the item you can hook into that 00:16:07.680 --> 00:16:10.030 align:start position:0% the item you can hook into that functionality<00:16:08.680> and<00:16:08.880> further<00:16:09.319> augment<00:16:09.759> it 00:16:10.030 --> 00:16:10.040 align:start position:0% functionality and further augment it 00:16:10.040 --> 00:16:12.389 align:start position:0% functionality and further augment it with<00:16:10.160> your<00:16:10.319> own<00:16:10.600> economics<00:16:11.319> right<00:16:11.720> so<00:16:11.920> I<00:16:12.040> turn 00:16:12.389 --> 00:16:12.399 align:start position:0% with your own economics right so I turn 00:16:12.399 --> 00:16:14.790 align:start position:0% with your own economics right so I turn a<00:16:12.560> door<00:16:12.839> that<00:16:13.000> opens<00:16:13.240> and<00:16:13.399> closes<00:16:14.160> into<00:16:14.360> a<00:16:14.519> door 00:16:14.790 --> 00:16:14.800 align:start position:0% a door that opens and closes into a door 00:16:14.800 --> 00:16:17.150 align:start position:0% a door that opens and closes into a door that<00:16:14.959> is<00:16:15.199> now<00:16:15.639> token<00:16:16.040> gating<00:16:16.440> before<00:16:16.759> deciding 00:16:17.150 --> 00:16:17.160 align:start position:0% that is now token gating before deciding 00:16:17.160 --> 00:16:18.550 align:start position:0% that is now token gating before deciding if<00:16:17.279> it<00:16:17.399> wants<00:16:17.560> to<00:16:17.680> open<00:16:17.839> or 00:16:18.550 --> 00:16:18.560 align:start position:0% if it wants to open or 00:16:18.560 --> 00:16:21.230 align:start position:0% if it wants to open or close<00:16:19.560> thank<00:16:19.759> you<00:16:20.560> um<00:16:20.759> what<00:16:20.880> are<00:16:21.040> the 00:16:21.230 --> 00:16:21.240 align:start position:0% close thank you um what are the 00:16:21.240 --> 00:16:22.949 align:start position:0% close thank you um what are the considerations<00:16:22.079> when<00:16:22.360> designing<00:16:22.759> or 00:16:22.949 --> 00:16:22.959 align:start position:0% considerations when designing or 00:16:22.959 --> 00:16:24.949 align:start position:0% considerations when designing or deploying<00:16:23.360> physics<00:16:23.639> and<00:16:23.800> New<00:16:23.959> Primitives<00:16:24.839> it 00:16:24.949 --> 00:16:24.959 align:start position:0% deploying physics and New Primitives it 00:16:24.959 --> 00:16:27.910 align:start position:0% deploying physics and New Primitives it seems<00:16:25.240> that<00:16:25.440> playing<00:16:25.839> God<00:16:26.120> is<00:16:26.399> high<00:16:26.920> stakes 00:16:27.910 --> 00:16:27.920 align:start position:0% seems that playing God is high stakes 00:16:27.920 --> 00:16:29.509 align:start position:0% seems that playing God is high stakes yeah<00:16:28.160> I<00:16:28.240> feel<00:16:28.519> like 00:16:29.509 --> 00:16:29.519 align:start position:0% yeah I feel like 00:16:29.519 --> 00:16:33.030 align:start position:0% yeah I feel like something<00:16:29.800> we've<00:16:30.000> been<00:16:30.160> noticing<00:16:30.800> is<00:16:31.839> um<00:16:32.839> as 00:16:33.030 --> 00:16:33.040 align:start position:0% something we've been noticing is um as 00:16:33.040 --> 00:16:34.629 align:start position:0% something we've been noticing is um as people<00:16:33.279> start<00:16:33.600> investing<00:16:33.959> their<00:16:34.199> time<00:16:34.399> into 00:16:34.629 --> 00:16:34.639 align:start position:0% people start investing their time into 00:16:34.639 --> 00:16:36.509 align:start position:0% people start investing their time into this<00:16:34.839> stuff<00:16:35.279> and<00:16:35.440> they<00:16:35.600> start<00:16:35.880> building<00:16:36.319> stuff 00:16:36.509 --> 00:16:36.519 align:start position:0% this stuff and they start building stuff 00:16:36.519 --> 00:16:38.590 align:start position:0% this stuff and they start building stuff with<00:16:36.639> the<00:16:36.800> world<00:16:37.600> especially<00:16:38.040> if<00:16:38.160> they<00:16:38.319> use 00:16:38.590 --> 00:16:38.600 align:start position:0% with the world especially if they use 00:16:38.600 --> 00:16:39.910 align:start position:0% with the world especially if they use Smart<00:16:38.920> items<00:16:39.240> so<00:16:39.399> now<00:16:39.560> they're<00:16:39.720> actually 00:16:39.910 --> 00:16:39.920 align:start position:0% Smart items so now they're actually 00:16:39.920 --> 00:16:41.990 align:start position:0% Smart items so now they're actually building<00:16:40.160> an<00:16:40.319> economy<00:16:40.680> in<00:16:40.800> the<00:16:40.920> world<00:16:41.800> you 00:16:41.990 --> 00:16:42.000 align:start position:0% building an economy in the world you 00:16:42.000 --> 00:16:44.550 align:start position:0% building an economy in the world you can't<00:16:42.519> anymore<00:16:43.120> just<00:16:43.560> arbitrarily<00:16:44.319> push 00:16:44.550 --> 00:16:44.560 align:start position:0% can't anymore just arbitrarily push 00:16:44.560 --> 00:16:47.269 align:start position:0% can't anymore just arbitrarily push physics<00:16:45.000> updates<00:16:45.959> if<00:16:46.079> we<00:16:46.240> start<00:16:46.680> like 00:16:47.269 --> 00:16:47.279 align:start position:0% physics updates if we start like 00:16:47.279 --> 00:16:49.309 align:start position:0% physics updates if we start like randomly<00:16:47.759> one<00:16:48.000> day<00:16:48.399> minting<00:16:48.800> a<00:16:48.920> lot<00:16:49.160> more 00:16:49.309 --> 00:16:49.319 align:start position:0% randomly one day minting a lot more 00:16:49.319 --> 00:16:51.710 align:start position:0% randomly one day minting a lot more sakura<00:16:49.800> trees<00:16:50.360> it<00:16:50.519> kind<00:16:50.639> of<00:16:50.759> screws<00:16:51.199> up<00:16:51.480> what<00:16:51.600> a 00:16:51.710 --> 00:16:51.720 align:start position:0% sakura trees it kind of screws up what a 00:16:51.720 --> 00:16:54.870 align:start position:0% sakura trees it kind of screws up what a lot<00:16:51.839> of<00:16:51.959> people<00:16:52.160> are<00:16:52.720> building<00:16:53.720> um<00:16:54.319> so<00:16:54.560> it<00:16:54.680> does 00:16:54.870 --> 00:16:54.880 align:start position:0% lot of people are building um so it does 00:16:54.880 --> 00:16:56.829 align:start position:0% lot of people are building um so it does make<00:16:55.000> it<00:16:55.160> more<00:16:55.519> more<00:16:55.800> high<00:16:55.959> stakes<00:16:56.399> you<00:16:56.519> need 00:16:56.829 --> 00:16:56.839 align:start position:0% make it more more high stakes you need 00:16:56.839 --> 00:16:59.030 align:start position:0% make it more more high stakes you need like<00:16:57.079> you<00:16:57.199> need<00:16:57.360> to<00:16:57.720> really<00:16:58.120> get<00:16:58.360> some<00:16:58.560> sort<00:16:58.759> of 00:16:59.030 --> 00:16:59.040 align:start position:0% like you need to really get some sort of 00:16:59.040 --> 00:17:00.829 align:start position:0% like you need to really get some sort of rough<00:16:59.279> consensus<00:16:59.839> within<00:17:00.040> your<00:17:00.240> community<00:17:00.759> so 00:17:00.829 --> 00:17:00.839 align:start position:0% rough consensus within your community so 00:17:00.839 --> 00:17:02.069 align:start position:0% rough consensus within your community so you<00:17:00.959> don't<00:17:01.120> piss<00:17:01.360> people<00:17:01.560> off<00:17:01.680> we<00:17:01.839> trying<00:17:02.000> to 00:17:02.069 --> 00:17:02.079 align:start position:0% you don't piss people off we trying to 00:17:02.079 --> 00:17:04.470 align:start position:0% you don't piss people off we trying to build<00:17:02.279> stuff<00:17:02.639> inside<00:17:03.639> um<00:17:03.920> it<00:17:04.039> is<00:17:04.199> higher 00:17:04.470 --> 00:17:04.480 align:start position:0% build stuff inside um it is higher 00:17:04.480 --> 00:17:06.789 align:start position:0% build stuff inside um it is higher Stakes<00:17:05.039> yeah 00:17:06.789 --> 00:17:06.799 align:start position:0% Stakes yeah 00:17:06.799 --> 00:17:09.230 align:start position:0% Stakes yeah um<00:17:07.799> okay<00:17:08.000> I<00:17:08.120> I'll<00:17:08.280> take<00:17:08.559> the<00:17:08.799> the<00:17:08.919> digital 00:17:09.230 --> 00:17:09.240 align:start position:0% um okay I I'll take the the digital 00:17:09.240 --> 00:17:10.909 align:start position:0% um okay I I'll take the the digital physics<00:17:09.559> one<00:17:09.720> so<00:17:09.880> how<00:17:10.000> can<00:17:10.120> we<00:17:10.240> design<00:17:10.600> digital 00:17:10.909 --> 00:17:10.919 align:start position:0% physics one so how can we design digital 00:17:10.919 --> 00:17:12.710 align:start position:0% physics one so how can we design digital physics<00:17:11.199> to<00:17:11.360> attract<00:17:11.760> agents<00:17:12.120> to<00:17:12.280> live<00:17:12.400> in<00:17:12.520> our 00:17:12.710 --> 00:17:12.720 align:start position:0% physics to attract agents to live in our 00:17:12.720 --> 00:17:14.870 align:start position:0% physics to attract agents to live in our games<00:17:13.240> coins<00:17:13.760> may<00:17:13.959> be<00:17:14.120> useful<00:17:14.439> for<00:17:14.559> them<00:17:14.679> to 00:17:14.870 --> 00:17:14.880 align:start position:0% games coins may be useful for them to 00:17:14.880 --> 00:17:16.350 align:start position:0% games coins may be useful for them to pay<00:17:15.039> for<00:17:15.240> compute<00:17:15.559> and 00:17:16.350 --> 00:17:16.360 align:start position:0% pay for compute and 00:17:16.360 --> 00:17:18.230 align:start position:0% pay for compute and storage<00:17:17.360> second<00:17:17.600> part<00:17:17.760> is<00:17:17.919> probably<00:17:18.160> a 00:17:18.230 --> 00:17:18.240 align:start position:0% storage second part is probably a 00:17:18.240 --> 00:17:22.029 align:start position:0% storage second part is probably a statement<00:17:18.640> not<00:17:18.799> a<00:17:19.000> question<00:17:19.760> yeah<00:17:20.079> yeah<00:17:21.039> um<00:17:21.760> so 00:17:22.029 --> 00:17:22.039 align:start position:0% statement not a question yeah yeah um so 00:17:22.039 --> 00:17:23.270 align:start position:0% statement not a question yeah yeah um so okay<00:17:22.240> ultimately<00:17:22.720> I'm<00:17:22.799> going<00:17:22.919> to<00:17:23.000> say<00:17:23.160> at<00:17:23.240> the 00:17:23.270 --> 00:17:23.280 align:start position:0% okay ultimately I'm going to say at the 00:17:23.280 --> 00:17:24.829 align:start position:0% okay ultimately I'm going to say at the end<00:17:23.400> of<00:17:23.480> the<00:17:23.600> day<00:17:23.799> right<00:17:23.919> now<00:17:24.120> biomes<00:17:24.520> is<00:17:24.720> very 00:17:24.829 --> 00:17:24.839 align:start position:0% end of the day right now biomes is very 00:17:24.839 --> 00:17:26.390 align:start position:0% end of the day right now biomes is very much<00:17:25.079> Minecraft<00:17:25.559> it's<00:17:25.760> not<00:17:26.120> we're<00:17:26.280> not 00:17:26.390 --> 00:17:26.400 align:start position:0% much Minecraft it's not we're not 00:17:26.400 --> 00:17:29.590 align:start position:0% much Minecraft it's not we're not creating<00:17:26.760> some<00:17:26.919> super<00:17:27.199> AGI<00:17:27.720> thing<00:17:28.240> but<00:17:29.160> okay 00:17:29.590 --> 00:17:29.600 align:start position:0% creating some super AGI thing but okay 00:17:29.600 --> 00:17:31.750 align:start position:0% creating some super AGI thing but okay how<00:17:29.720> do<00:17:29.840> we<00:17:30.039> Design<00:17:30.679> This<00:17:31.000> like<00:17:31.400> this<00:17:31.640> this 00:17:31.750 --> 00:17:31.760 align:start position:0% how do we Design This like this this 00:17:31.760 --> 00:17:34.390 align:start position:0% how do we Design This like this this world<00:17:32.039> how<00:17:32.160> do<00:17:32.240> we<00:17:32.400> evolve<00:17:32.880> biomes<00:17:33.880> um<00:17:34.200> to 00:17:34.390 --> 00:17:34.400 align:start position:0% world how do we evolve biomes um to 00:17:34.400 --> 00:17:37.710 align:start position:0% world how do we evolve biomes um to attract<00:17:35.160> agents<00:17:36.160> I<00:17:36.280> think<00:17:36.600> basically<00:17:37.400> if<00:17:37.559> you 00:17:37.710 --> 00:17:37.720 align:start position:0% attract agents I think basically if you 00:17:37.720 --> 00:17:39.990 align:start position:0% attract agents I think basically if you get<00:17:37.880> the<00:17:38.039> GD<00:17:38.360> GDP<00:17:38.840> of<00:17:39.039> the<00:17:39.160> world<00:17:39.400> to<00:17:39.559> be<00:17:39.760> high 00:17:39.990 --> 00:17:40.000 align:start position:0% get the GD GDP of the world to be high 00:17:40.000 --> 00:17:42.430 align:start position:0% get the GD GDP of the world to be high enough<00:17:40.760> like<00:17:41.240> if<00:17:41.520> if<00:17:41.679> if<00:17:41.760> you<00:17:41.880> reach<00:17:42.080> a<00:17:42.200> world 00:17:42.430 --> 00:17:42.440 align:start position:0% enough like if if if you reach a world 00:17:42.440 --> 00:17:45.110 align:start position:0% enough like if if if you reach a world where<00:17:42.600> there's<00:17:42.799> neptunium<00:17:43.360> or<00:17:44.160> people<00:17:44.559> value 00:17:45.110 --> 00:17:45.120 align:start position:0% where there's neptunium or people value 00:17:45.120 --> 00:17:47.990 align:start position:0% where there's neptunium or people value like<00:17:45.520> people<00:17:45.840> valued<00:17:46.240> at<00:17:46.679> $100<00:17:47.679> because<00:17:47.880> they 00:17:47.990 --> 00:17:48.000 align:start position:0% like people valued at $100 because they 00:17:48.000 --> 00:17:49.190 align:start position:0% like people valued at $100 because they can<00:17:48.120> build<00:17:48.320> a<00:17:48.440> weapon<00:17:48.679> with<00:17:48.799> it<00:17:48.919> and<00:17:49.080> be 00:17:49.190 --> 00:17:49.200 align:start position:0% can build a weapon with it and be 00:17:49.200 --> 00:17:51.470 align:start position:0% can build a weapon with it and be powerful<00:17:49.520> in<00:17:49.640> the<00:17:49.760> world<00:17:50.720> agents<00:17:51.120> might<00:17:51.320> just 00:17:51.470 --> 00:17:51.480 align:start position:0% powerful in the world agents might just 00:17:51.480 --> 00:17:53.350 align:start position:0% powerful in the world agents might just want<00:17:51.600> to<00:17:52.400> live<00:17:52.600> in<00:17:52.720> these<00:17:52.880> World<00:17:53.120> from<00:17:53.240> a 00:17:53.350 --> 00:17:53.360 align:start position:0% want to live in these World from a 00:17:53.360 --> 00:17:55.549 align:start position:0% want to live in these World from a purely<00:17:53.720> rational<00:17:54.080> region<00:17:54.480> such<00:17:54.840> that<00:17:55.280> all<00:17:55.440> the 00:17:55.549 --> 00:17:55.559 align:start position:0% purely rational region such that all the 00:17:55.559 --> 00:18:00.230 align:start position:0% purely rational region such that all the gdps<00:17:56.039> there<00:17:56.200> and<00:17:56.280> all<00:17:56.400> the<00:17:56.559> activities<00:17:57.080> there 00:18:00.230 --> 00:18:00.240 align:start position:0% 00:18:00.240 --> 00:18:02.590 align:start position:0% um<00:18:01.240> oh<00:18:01.440> okay<00:18:01.600> I<00:18:01.679> think<00:18:01.840> there's<00:18:02.080> one<00:18:02.320> down 00:18:02.590 --> 00:18:02.600 align:start position:0% um oh okay I think there's one down 00:18:02.600 --> 00:18:04.190 align:start position:0% um oh okay I think there's one down there<00:18:02.840> which<00:18:03.039> was<00:18:03.280> can<00:18:03.400> you<00:18:03.559> play<00:18:03.760> for<00:18:03.960> free 00:18:04.190 --> 00:18:04.200 align:start position:0% there which was can you play for free 00:18:04.200 --> 00:18:07.789 align:start position:0% there which was can you play for free and<00:18:04.360> earn<00:18:04.640> for<00:18:05.320> free<00:18:06.320> can<00:18:06.440> you<00:18:06.559> play<00:18:06.799> for<00:18:07.000> free 00:18:07.789 --> 00:18:07.799 align:start position:0% and earn for free can you play for free 00:18:07.799 --> 00:18:09.950 align:start position:0% and earn for free can you play for free um<00:18:08.120> at<00:18:08.240> some<00:18:08.440> point<00:18:08.679> I'm<00:18:08.760> sure<00:18:09.320> you'll<00:18:09.600> be<00:18:09.760> able 00:18:09.950 --> 00:18:09.960 align:start position:0% um at some point I'm sure you'll be able 00:18:09.960 --> 00:18:12.390 align:start position:0% um at some point I'm sure you'll be able to<00:18:10.200> play<00:18:10.559> for<00:18:10.880> semif<00:18:11.320> free<00:18:11.600> when<00:18:11.760> you<00:18:11.919> have<00:18:12.120> the 00:18:12.390 --> 00:18:12.400 align:start position:0% to play for semif free when you have the 00:18:12.400 --> 00:18:14.230 align:start position:0% to play for semif free when you have the pass<00:18:12.679> key<00:18:12.799> onboarding<00:18:13.320> stuff<00:18:13.600> so<00:18:13.760> you<00:18:13.840> won't 00:18:14.230 --> 00:18:14.240 align:start position:0% pass key onboarding stuff so you won't 00:18:14.240 --> 00:18:16.549 align:start position:0% pass key onboarding stuff so you won't need<00:18:14.400> to<00:18:14.480> worry<00:18:14.679> too<00:18:14.799> much<00:18:14.919> of<00:18:15.000> a<00:18:15.320> gas<00:18:16.320> what<00:18:16.440> you 00:18:16.549 --> 00:18:16.559 align:start position:0% need to worry too much of a gas what you 00:18:16.559 --> 00:18:18.270 align:start position:0% need to worry too much of a gas what you can<00:18:16.679> do<00:18:16.840> in<00:18:16.960> the<00:18:17.039> world<00:18:17.400> is<00:18:17.640> yeah<00:18:17.840> I<00:18:17.919> can<00:18:18.120> come 00:18:18.270 --> 00:18:18.280 align:start position:0% can do in the world is yeah I can come 00:18:18.280 --> 00:18:20.710 align:start position:0% can do in the world is yeah I can come in<00:18:18.840> okay<00:18:19.000> imagine<00:18:19.400> this<00:18:19.640> imagine<00:18:20.159> like<00:18:20.559> you 00:18:20.710 --> 00:18:20.720 align:start position:0% in okay imagine this imagine like you 00:18:20.720 --> 00:18:22.510 align:start position:0% in okay imagine this imagine like you have<00:18:20.919> different<00:18:21.240> parts<00:18:21.440> of<00:18:21.559> the<00:18:21.679> world<00:18:22.200> have 00:18:22.510 --> 00:18:22.520 align:start position:0% have different parts of the world have 00:18:22.520 --> 00:18:24.789 align:start position:0% have different parts of the world have different<00:18:23.120> types<00:18:23.320> of<00:18:23.559> resources<00:18:24.400> that 00:18:24.789 --> 00:18:24.799 align:start position:0% different types of resources that 00:18:24.799 --> 00:18:27.350 align:start position:0% different types of resources that they're<00:18:25.039> abundant<00:18:25.480> in<00:18:26.200> if<00:18:26.320> I<00:18:26.480> build<00:18:26.760> a<00:18:26.919> train 00:18:27.350 --> 00:18:27.360 align:start position:0% they're abundant in if I build a train 00:18:27.360 --> 00:18:29.669 align:start position:0% they're abundant in if I build a train system<00:18:28.080> to<00:18:28.240> move<00:18:28.760> resources<00:18:29.159> from<00:18:29.320> one<00:18:29.520> part 00:18:29.669 --> 00:18:29.679 align:start position:0% system to move resources from one part 00:18:29.679 --> 00:18:31.669 align:start position:0% system to move resources from one part of<00:18:29.799> the<00:18:29.880> world<00:18:30.200> to<00:18:30.440> another<00:18:30.799> part<00:18:31.240> to<00:18:31.440> create 00:18:31.669 --> 00:18:31.679 align:start position:0% of the world to another part to create 00:18:31.679 --> 00:18:34.270 align:start position:0% of the world to another part to create all<00:18:31.840> these<00:18:32.039> Arbitrage<00:18:33.039> opportunities<00:18:34.039> if<00:18:34.120> I 00:18:34.270 --> 00:18:34.280 align:start position:0% all these Arbitrage opportunities if I 00:18:34.280 --> 00:18:36.230 align:start position:0% all these Arbitrage opportunities if I build<00:18:34.559> this<00:18:34.679> train<00:18:35.080> system<00:18:35.679> I<00:18:35.799> just<00:18:35.919> need<00:18:36.039> to 00:18:36.230 --> 00:18:36.240 align:start position:0% build this train system I just need to 00:18:36.240 --> 00:18:37.710 align:start position:0% build this train system I just need to play<00:18:36.440> the<00:18:36.559> game<00:18:36.799> and<00:18:36.960> like<00:18:37.080> build<00:18:37.240> a<00:18:37.360> train 00:18:37.710 --> 00:18:37.720 align:start position:0% play the game and like build a train 00:18:37.720 --> 00:18:39.630 align:start position:0% play the game and like build a train right<00:18:38.520> and<00:18:38.600> then<00:18:38.720> I<00:18:38.880> protect<00:18:39.200> the<00:18:39.320> train 00:18:39.630 --> 00:18:39.640 align:start position:0% right and then I protect the train 00:18:39.640 --> 00:18:41.789 align:start position:0% right and then I protect the train system<00:18:39.960> with<00:18:40.039> a<00:18:40.159> force<00:18:40.480> field<00:18:41.159> to<00:18:41.360> make<00:18:41.520> sure 00:18:41.789 --> 00:18:41.799 align:start position:0% system with a force field to make sure 00:18:41.799 --> 00:18:44.230 align:start position:0% system with a force field to make sure it<00:18:41.960> can't<00:18:42.159> be<00:18:42.280> broken<00:18:42.640> down<00:18:42.880> by<00:18:43.039> others<00:18:43.919> and<00:18:44.039> I 00:18:44.230 --> 00:18:44.240 align:start position:0% it can't be broken down by others and I 00:18:44.240 --> 00:18:46.390 align:start position:0% it can't be broken down by others and I make<00:18:44.480> this<00:18:44.760> train<00:18:45.120> system<00:18:45.520> start<00:18:45.840> charging 00:18:46.390 --> 00:18:46.400 align:start position:0% make this train system start charging 00:18:46.400 --> 00:18:48.789 align:start position:0% make this train system start charging tickets<00:18:47.400> to<00:18:47.720> for<00:18:47.880> people<00:18:48.080> to<00:18:48.320> actually<00:18:48.640> like 00:18:48.789 --> 00:18:48.799 align:start position:0% tickets to for people to actually like 00:18:48.799 --> 00:18:51.070 align:start position:0% tickets to for people to actually like take<00:18:49.159> it<00:18:50.159> I<00:18:50.240> can<00:18:50.360> start<00:18:50.559> selling<00:18:50.919> these 00:18:51.070 --> 00:18:51.080 align:start position:0% take it I can start selling these 00:18:51.080 --> 00:18:53.230 align:start position:0% take it I can start selling these tickets<00:18:51.760> people<00:18:52.000> can<00:18:52.159> buy<00:18:52.400> them<00:18:52.880> and<00:18:53.000> now<00:18:53.120> I'm 00:18:53.230 --> 00:18:53.240 align:start position:0% tickets people can buy them and now I'm 00:18:53.240 --> 00:18:54.870 align:start position:0% tickets people can buy them and now I'm making<00:18:53.480> money<00:18:53.679> from<00:18:53.840> the<00:18:53.960> game<00:18:54.480> but<00:18:54.600> it's<00:18:54.720> not 00:18:54.870 --> 00:18:54.880 align:start position:0% making money from the game but it's not 00:18:54.880 --> 00:18:56.310 align:start position:0% making money from the game but it's not play<00:18:55.039> to<00:18:55.200> earn<00:18:55.440> in<00:18:55.520> the<00:18:55.640> in<00:18:55.720> the<00:18:55.840> sense<00:18:56.039> of<00:18:56.200> I'm 00:18:56.310 --> 00:18:56.320 align:start position:0% play to earn in the in the sense of I'm 00:18:56.320 --> 00:18:58.470 align:start position:0% play to earn in the in the sense of I'm earning<00:18:56.679> these<00:18:56.840> points<00:18:57.400> it's<00:18:57.600> kind<00:18:57.760> of<00:18:58.240> if<00:18:58.320> you 00:18:58.470 --> 00:18:58.480 align:start position:0% earning these points it's kind of if you 00:18:58.480 --> 00:19:00.549 align:start position:0% earning these points it's kind of if you build<00:18:58.760> build<00:18:58.919> a<00:18:59.000> business<00:18:59.320> inside<00:19:00.000> and<00:19:00.440> and 00:19:00.549 --> 00:19:00.559 align:start position:0% build build a business inside and and 00:19:00.559 --> 00:19:03.470 align:start position:0% build build a business inside and and the<00:19:00.640> world<00:19:01.159> sort<00:19:01.320> of<00:19:01.480> has<00:19:01.600> a<00:19:01.760> GDP<00:19:02.559> then<00:19:02.720> you<00:19:02.880> can 00:19:03.470 --> 00:19:03.480 align:start position:0% the world sort of has a GDP then you can 00:19:03.480 --> 00:19:05.190 align:start position:0% the world sort of has a GDP then you can the<00:19:03.640> normal<00:19:04.039> actions<00:19:04.320> you<00:19:04.480> take<00:19:04.679> inside<00:19:05.080> will 00:19:05.190 --> 00:19:05.200 align:start position:0% the normal actions you take inside will 00:19:05.200 --> 00:19:06.710 align:start position:0% the normal actions you take inside will be<00:19:05.360> economically 00:19:06.710 --> 00:19:06.720 align:start position:0% be economically 00:19:06.720 --> 00:19:08.470 align:start position:0% be economically significant<00:19:07.720> um<00:19:07.880> I'm<00:19:07.960> just<00:19:08.080> going<00:19:08.159> to<00:19:08.280> log<00:19:08.400> in 00:19:08.470 --> 00:19:08.480 align:start position:0% significant um I'm just going to log in 00:19:08.480 --> 00:19:09.870 align:start position:0% significant um I'm just going to log in on<00:19:08.600> my<00:19:08.720> phone<00:19:08.880> to<00:19:09.000> see<00:19:09.159> the<00:19:09.240> questions<00:19:09.600> myself 00:19:09.870 --> 00:19:09.880 align:start position:0% on my phone to see the questions myself 00:19:09.880 --> 00:19:11.390 align:start position:0% on my phone to see the questions myself but<00:19:10.000> from<00:19:10.120> now<00:19:10.280> I<00:19:10.360> saw<00:19:10.640> someone's<00:19:11.039> question 00:19:11.390 --> 00:19:11.400 align:start position:0% but from now I saw someone's question 00:19:11.400 --> 00:19:13.510 align:start position:0% but from now I saw someone's question which<00:19:11.559> roughly<00:19:11.960> goes<00:19:12.320> like<00:19:12.880> is<00:19:13.000> it<00:19:13.200> possible 00:19:13.510 --> 00:19:13.520 align:start position:0% which roughly goes like is it possible 00:19:13.520 --> 00:19:15.669 align:start position:0% which roughly goes like is it possible for<00:19:13.679> me<00:19:13.799> to<00:19:14.200> put<00:19:14.360> a<00:19:14.559> door<00:19:14.919> down<00:19:15.120> as<00:19:15.240> a<00:19:15.400> smart 00:19:15.669 --> 00:19:15.679 align:start position:0% for me to put a door down as a smart 00:19:15.679 --> 00:19:17.630 align:start position:0% for me to put a door down as a smart item<00:19:16.039> that<00:19:16.200> Grieves<00:19:16.600> someone<00:19:16.919> by<00:19:17.039> using<00:19:17.280> a<00:19:17.440> ton 00:19:17.630 --> 00:19:17.640 align:start position:0% item that Grieves someone by using a ton 00:19:17.640 --> 00:19:19.270 align:start position:0% item that Grieves someone by using a ton of<00:19:17.799> gas<00:19:18.080> like<00:19:18.200> in<00:19:18.280> a<00:19:18.400> wild<00:19:18.640> Loop<00:19:18.880> or<00:19:19.000> something 00:19:19.270 --> 00:19:19.280 align:start position:0% of gas like in a wild Loop or something 00:19:19.280 --> 00:19:21.190 align:start position:0% of gas like in a wild Loop or something like 00:19:21.190 --> 00:19:21.200 align:start position:0% like 00:19:21.200 --> 00:19:23.549 align:start position:0% like that<00:19:22.200> yeah<00:19:22.400> I<00:19:22.480> think<00:19:22.919> right<00:19:23.120> I<00:19:23.200> think<00:19:23.360> one<00:19:23.440> of 00:19:23.549 --> 00:19:23.559 align:start position:0% that yeah I think right I think one of 00:19:23.559 --> 00:19:25.110 align:start position:0% that yeah I think right I think one of the<00:19:23.720> challenges<00:19:24.120> with<00:19:24.240> the<00:19:24.360> smart<00:19:24.600> item<00:19:24.880> stuff 00:19:25.110 --> 00:19:25.120 align:start position:0% the challenges with the smart item stuff 00:19:25.120 --> 00:19:26.750 align:start position:0% the challenges with the smart item stuff is<00:19:25.240> going<00:19:25.320> to 00:19:26.750 --> 00:19:26.760 align:start position:0% is going to 00:19:26.760 --> 00:19:30.230 align:start position:0% is going to be<00:19:27.760> what<00:19:27.880> if<00:19:28.039> you<00:19:28.480> in<00:19:28.720> insert<00:19:29.480> like<00:19:29.679> a<00:19:29.919> trct 00:19:30.230 --> 00:19:30.240 align:start position:0% be what if you in insert like a trct 00:19:30.240 --> 00:19:32.029 align:start position:0% be what if you in insert like a trct into<00:19:30.440> one<00:19:30.559> of<00:19:30.640> these<00:19:30.799> smart<00:19:31.080> items<00:19:31.559> that<00:19:31.720> is 00:19:32.029 --> 00:19:32.039 align:start position:0% into one of these smart items that is 00:19:32.039 --> 00:19:34.190 align:start position:0% into one of these smart items that is just<00:19:32.200> a<00:19:32.400> bad<00:19:32.679> actor<00:19:33.440> and<00:19:33.520> then<00:19:33.679> if<00:19:33.799> players 00:19:34.190 --> 00:19:34.200 align:start position:0% just a bad actor and then if players 00:19:34.200 --> 00:19:35.870 align:start position:0% just a bad actor and then if players interact<00:19:34.679> with<00:19:34.799> it<00:19:35.000> it's<00:19:35.120> just<00:19:35.280> doing<00:19:35.559> some 00:19:35.870 --> 00:19:35.880 align:start position:0% interact with it it's just doing some 00:19:35.880 --> 00:19:38.909 align:start position:0% interact with it it's just doing some crazy<00:19:36.400> stuff<00:19:37.400> this<00:19:37.520> is<00:19:37.799> possible<00:19:38.480> but<00:19:38.679> I<00:19:38.760> think 00:19:38.909 --> 00:19:38.919 align:start position:0% crazy stuff this is possible but I think 00:19:38.919 --> 00:19:40.669 align:start position:0% crazy stuff this is possible but I think this<00:19:39.000> is<00:19:39.159> also<00:19:39.440> possible<00:19:39.799> on<00:19:39.919> the<00:19:40.039> evm<00:19:40.559> right 00:19:40.669 --> 00:19:40.679 align:start position:0% this is also possible on the evm right 00:19:40.679 --> 00:19:42.470 align:start position:0% this is also possible on the evm right it's<00:19:40.799> kind<00:19:40.919> of<00:19:41.039> the<00:19:41.159> wild<00:19:41.440> west<00:19:41.840> west<00:19:42.360> and 00:19:42.470 --> 00:19:42.480 align:start position:0% it's kind of the wild west west and 00:19:42.480 --> 00:19:44.190 align:start position:0% it's kind of the wild west west and we're<00:19:42.640> going<00:19:42.720> to<00:19:43.320> probably<00:19:43.559> let<00:19:43.799> it<00:19:43.880> up<00:19:44.000> to 00:19:44.190 --> 00:19:44.200 align:start position:0% we're going to probably let it up to 00:19:44.200 --> 00:19:46.390 align:start position:0% we're going to probably let it up to clients<00:19:44.520> and<00:19:44.760> communities<00:19:45.640> to<00:19:45.840> maybe<00:19:46.159> white 00:19:46.390 --> 00:19:46.400 align:start position:0% clients and communities to maybe white 00:19:46.400 --> 00:19:48.310 align:start position:0% clients and communities to maybe white label<00:19:46.799> which<00:19:47.000> type<00:19:47.159> of<00:19:47.240> SM<00:19:47.520> item<00:19:47.760> chips<00:19:48.159> they 00:19:48.310 --> 00:19:48.320 align:start position:0% label which type of SM item chips they 00:19:48.320 --> 00:19:50.230 align:start position:0% label which type of SM item chips they audit<00:19:48.679> and<00:19:48.880> verify<00:19:49.679> and<00:19:49.799> know<00:19:50.000> to<00:19:50.120> be 00:19:50.230 --> 00:19:50.240 align:start position:0% audit and verify and know to be 00:19:50.240 --> 00:19:51.669 align:start position:0% audit and verify and know to be trustworthy<00:19:50.799> and<00:19:50.880> they'll<00:19:51.080> only<00:19:51.280> use<00:19:51.520> those 00:19:51.669 --> 00:19:51.679 align:start position:0% trustworthy and they'll only use those 00:19:51.679 --> 00:19:53.710 align:start position:0% trustworthy and they'll only use those items<00:19:52.440> so<00:19:52.679> I<00:19:52.760> don't<00:19:52.919> think<00:19:53.039> you<00:19:53.159> need<00:19:53.280> to<00:19:53.440> build 00:19:53.710 --> 00:19:53.720 align:start position:0% items so I don't think you need to build 00:19:53.720 --> 00:19:55.149 align:start position:0% items so I don't think you need to build security<00:19:54.080> against<00:19:54.320> this<00:19:54.440> at<00:19:54.559> the<00:19:54.720> protocol 00:19:55.149 --> 00:19:55.159 align:start position:0% security against this at the protocol 00:19:55.159 --> 00:19:57.350 align:start position:0% security against this at the protocol level<00:19:55.840> and<00:19:56.120> and<00:19:56.240> you<00:19:56.360> can<00:19:56.520> sort<00:19:56.679> of<00:19:57.000> deal<00:19:57.240> with 00:19:57.350 --> 00:19:57.360 align:start position:0% level and and you can sort of deal with 00:19:57.360 --> 00:20:00.110 align:start position:0% level and and you can sort of deal with it<00:19:57.480> higher<00:19:57.720> up<00:19:58.960> uh<00:19:59.120> another<00:19:59.400> quick<00:19:59.600> one<00:19:59.760> is<00:19:59.880> Are 00:20:00.110 --> 00:20:00.120 align:start position:0% it higher up uh another quick one is Are 00:20:00.120 --> 00:20:02.590 align:start position:0% it higher up uh another quick one is Are biomes<00:20:00.520> contracts<00:20:00.919> going<00:20:01.000> to<00:20:01.120> be 00:20:02.590 --> 00:20:02.600 align:start position:0% biomes contracts going to be 00:20:02.600 --> 00:20:05.510 align:start position:0% biomes contracts going to be audited<00:20:03.600> well<00:20:03.919> well<00:20:04.320> right<00:20:04.480> now<00:20:04.720> biomes<00:20:05.240> is 00:20:05.510 --> 00:20:05.520 align:start position:0% audited well well right now biomes is 00:20:05.520 --> 00:20:08.750 align:start position:0% audited well well right now biomes is like<00:20:06.200> uh<00:20:06.360> it's<00:20:06.480> in<00:20:06.679> a<00:20:06.799> heavy<00:20:07.559> Dev<00:20:08.159> like<00:20:08.360> update 00:20:08.750 --> 00:20:08.760 align:start position:0% like uh it's in a heavy Dev like update 00:20:08.760 --> 00:20:10.270 align:start position:0% like uh it's in a heavy Dev like update cycle<00:20:09.159> thing<00:20:09.360> so<00:20:09.559> there's<00:20:09.760> like<00:20:09.919> the<00:20:10.039> physics 00:20:10.270 --> 00:20:10.280 align:start position:0% cycle thing so there's like the physics 00:20:10.280 --> 00:20:12.510 align:start position:0% cycle thing so there's like the physics that's<00:20:10.520> changing<00:20:10.919> and<00:20:11.080> getting<00:20:11.400> updated<00:20:12.400> at 00:20:12.510 --> 00:20:12.520 align:start position:0% that's changing and getting updated at 00:20:12.520 --> 00:20:14.750 align:start position:0% that's changing and getting updated at some<00:20:12.679> point<00:20:12.880> you<00:20:13.080> probably<00:20:13.320> want<00:20:13.520> it<00:20:13.840> to<00:20:14.120> Ed 00:20:14.750 --> 00:20:14.760 align:start position:0% some point you probably want it to Ed 00:20:14.760 --> 00:20:16.230 align:start position:0% some point you probably want it to Ed especially<00:20:15.159> if<00:20:15.240> the<00:20:15.360> GDP<00:20:15.720> is<00:20:15.840> going<00:20:15.960> to<00:20:16.080> be 00:20:16.230 --> 00:20:16.240 align:start position:0% especially if the GDP is going to be 00:20:16.240 --> 00:20:18.789 align:start position:0% especially if the GDP is going to be high<00:20:17.000> so<00:20:17.360> I<00:20:17.480> could<00:20:17.600> see<00:20:17.799> this<00:20:17.960> happening<00:20:18.600> down 00:20:18.789 --> 00:20:18.799 align:start position:0% high so I could see this happening down 00:20:18.799 --> 00:20:20.470 align:start position:0% high so I could see this happening down the<00:20:18.960> line<00:20:19.520> another<00:20:19.799> one<00:20:19.919> is<00:20:20.159> how<00:20:20.280> do<00:20:20.360> you 00:20:20.470 --> 00:20:20.480 align:start position:0% the line another one is how do you 00:20:20.480 --> 00:20:22.390 align:start position:0% the line another one is how do you bridge<00:20:20.799> biomes<00:20:21.320> to<00:20:21.440> solve<00:20:21.880> real<00:20:22.120> word 00:20:22.390 --> 00:20:22.400 align:start position:0% bridge biomes to solve real word 00:20:22.400 --> 00:20:26.590 align:start position:0% bridge biomes to solve real word scientific 00:20:26.590 --> 00:20:26.600 align:start position:0% 00:20:26.600 --> 00:20:30.190 align:start position:0% problems<00:20:27.600> yeah<00:20:27.840> so<00:20:28.120> I<00:20:28.240> think 00:20:30.190 --> 00:20:30.200 align:start position:0% problems yeah so I think 00:20:30.200 --> 00:20:32.070 align:start position:0% problems yeah so I think I'm<00:20:30.360> not<00:20:30.640> totally<00:20:30.919> sure<00:20:31.120> you<00:20:31.280> want<00:20:31.440> to<00:20:31.600> do<00:20:31.799> that 00:20:32.070 --> 00:20:32.080 align:start position:0% I'm not totally sure you want to do that 00:20:32.080 --> 00:20:33.789 align:start position:0% I'm not totally sure you want to do that I<00:20:32.159> think<00:20:32.480> like<00:20:32.640> if<00:20:32.760> you<00:20:32.880> want<00:20:33.000> to<00:20:33.159> solve<00:20:33.520> real 00:20:33.789 --> 00:20:33.799 align:start position:0% I think like if you want to solve real 00:20:33.799 --> 00:20:36.270 align:start position:0% I think like if you want to solve real world<00:20:34.240> problems<00:20:34.919> with<00:20:35.640> simulation 00:20:36.270 --> 00:20:36.280 align:start position:0% world problems with simulation 00:20:36.280 --> 00:20:37.870 align:start position:0% world problems with simulation technology<00:20:37.000> I<00:20:37.080> think<00:20:37.200> you<00:20:37.280> can<00:20:37.440> just<00:20:37.559> run 00:20:37.870 --> 00:20:37.880 align:start position:0% technology I think you can just run 00:20:37.880 --> 00:20:39.510 align:start position:0% technology I think you can just run simulation<00:20:38.559> technology<00:20:39.000> on<00:20:39.080> a<00:20:39.200> normal 00:20:39.510 --> 00:20:39.520 align:start position:0% simulation technology on a normal 00:20:39.520 --> 00:20:41.510 align:start position:0% simulation technology on a normal computer<00:20:40.080> and<00:20:40.600> simulate<00:20:41.000> whatever<00:20:41.200> you<00:20:41.320> want 00:20:41.510 --> 00:20:41.520 align:start position:0% computer and simulate whatever you want 00:20:41.520 --> 00:20:42.750 align:start position:0% computer and simulate whatever you want there<00:20:41.679> and<00:20:41.799> use<00:20:41.960> that<00:20:42.080> to<00:20:42.280> like<00:20:42.400> solve<00:20:42.600> your 00:20:42.750 --> 00:20:42.760 align:start position:0% there and use that to like solve your 00:20:42.760 --> 00:20:44.950 align:start position:0% there and use that to like solve your problems<00:20:43.000> in<00:20:43.120> the<00:20:43.360> world<00:20:44.360> I<00:20:44.440> don't<00:20:44.720> think<00:20:44.880> this 00:20:44.950 --> 00:20:44.960 align:start position:0% problems in the world I don't think this 00:20:44.960 --> 00:20:46.630 align:start position:0% problems in the world I don't think this will<00:20:45.120> solve<00:20:45.400> that<00:20:45.520> for<00:20:45.679> you<00:20:45.919> I<00:20:46.039> think<00:20:46.240> this<00:20:46.360> is 00:20:46.630 --> 00:20:46.640 align:start position:0% will solve that for you I think this is 00:20:46.640 --> 00:20:49.590 align:start position:0% will solve that for you I think this is more<00:20:46.919> about<00:20:47.480> creating<00:20:48.480> this<00:20:48.760> like<00:20:48.919> digital 00:20:49.590 --> 00:20:49.600 align:start position:0% more about creating this like digital 00:20:49.600 --> 00:20:51.870 align:start position:0% more about creating this like digital simulation<00:20:50.600> that<00:20:50.760> for<00:20:51.000> some<00:20:51.240> reason<00:20:51.600> people 00:20:51.870 --> 00:20:51.880 align:start position:0% simulation that for some reason people 00:20:51.880 --> 00:20:54.390 align:start position:0% simulation that for some reason people take<00:20:52.080> super<00:20:52.360> seriously<00:20:53.360> and<00:20:53.559> they<00:20:53.720> just<00:20:54.039> want 00:20:54.390 --> 00:20:54.400 align:start position:0% take super seriously and they just want 00:20:54.400 --> 00:20:56.710 align:start position:0% take super seriously and they just want all<00:20:54.520> the<00:20:54.679> wood 00:20:56.710 --> 00:20:56.720 align:start position:0% all the wood 00:20:56.720 --> 00:20:59.630 align:start position:0% all the wood inside<00:20:57.720> okay<00:20:57.960> so<00:20:58.360> maybe<00:20:58.600> maybe<00:20:58.880> any<00:20:59.120> IRL 00:20:59.630 --> 00:20:59.640 align:start position:0% inside okay so maybe maybe any IRL 00:20:59.640 --> 00:21:01.149 align:start position:0% inside okay so maybe maybe any IRL questions<00:21:00.159> I'm<00:21:00.400> I'm<00:21:00.520> running<00:21:00.760> out<00:21:00.919> of<00:21:01.039> the 00:21:01.149 --> 00:21:01.159 align:start position:0% questions I'm I'm running out of the 00:21:01.159 --> 00:21:03.350 align:start position:0% questions I'm I'm running out of the list<00:21:01.960> um<00:21:02.280> if<00:21:02.400> someone<00:21:02.640> wants<00:21:02.799> to<00:21:03.000> raise<00:21:03.200> their 00:21:03.350 --> 00:21:03.360 align:start position:0% list um if someone wants to raise their 00:21:03.360 --> 00:21:05.510 align:start position:0% list um if someone wants to raise their hand<00:21:03.720> we<00:21:03.840> can<00:21:03.960> bring<00:21:04.120> them<00:21:04.240> a<00:21:04.400> mic<00:21:05.080> I'll<00:21:05.320> give 00:21:05.510 --> 00:21:05.520 align:start position:0% hand we can bring them a mic I'll give 00:21:05.520 --> 00:21:09.990 align:start position:0% hand we can bring them a mic I'll give 10<00:21:05.760> seconds<00:21:06.039> for<00:21:06.200> people<00:21:06.360> to<00:21:06.480> make<00:21:06.679> our 00:21:09.990 --> 00:21:10.000 align:start position:0% 00:21:10.000 --> 00:21:14.530 align:start position:0% mind<00:21:11.000> okay<00:21:11.240> so<00:21:11.760> thank<00:21:11.960> you<00:21:12.440> thank<00:21:12.640> you 00:21:14.530 --> 00:21:14.540 align:start position:0% mind okay so thank you thank you 00:21:14.540 --> 00:21:14.850 align:start position:0% mind okay so thank you thank you [Music] 00:21:14.850 --> 00:21:14.860 align:start position:0% [Music] 00:21:14.860 --> 00:21:17.530 align:start position:0% [Music] [Applause]