WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:04.350 align:start position:0% foreign 00:00:04.350 --> 00:00:04.360 align:start position:0% 00:00:04.360 --> 00:00:12.669 align:start position:0% [Music] 00:00:12.669 --> 00:00:12.679 align:start position:0% 00:00:12.679 --> 00:00:14.810 align:start position:0% thanks<00:00:13.679> for<00:00:13.860> being<00:00:14.040> here<00:00:14.160> so<00:00:14.340> early<00:00:14.519> in<00:00:14.700> the 00:00:14.810 --> 00:00:14.820 align:start position:0% thanks for being here so early in the 00:00:14.820 --> 00:00:17.090 align:start position:0% thanks for being here so early in the morning<00:00:14.880> so<00:00:15.480> my<00:00:15.780> name<00:00:15.839> is<00:00:15.960> William<00:00:16.139> George<00:00:16.440> I'm 00:00:17.090 --> 00:00:17.100 align:start position:0% morning so my name is William George I'm 00:00:17.100 --> 00:00:18.470 align:start position:0% morning so my name is William George I'm a<00:00:17.220> mathematician<00:00:17.760> and<00:00:18.000> a<00:00:18.119> researcher<00:00:18.359> for 00:00:18.470 --> 00:00:18.480 align:start position:0% a mathematician and a researcher for 00:00:18.480 --> 00:00:20.510 align:start position:0% a mathematician and a researcher for declaros<00:00:18.960> cooperative<00:00:19.380> and<00:00:20.039> indeed<00:00:20.340> I'm 00:00:20.510 --> 00:00:20.520 align:start position:0% declaros cooperative and indeed I'm 00:00:20.520 --> 00:00:21.650 align:start position:0% declaros cooperative and indeed I'm going<00:00:20.640> to<00:00:20.699> be<00:00:20.760> talking<00:00:20.880> today<00:00:21.000> about<00:00:21.180> economic 00:00:21.650 --> 00:00:21.660 align:start position:0% going to be talking today about economic 00:00:21.660 --> 00:00:24.349 align:start position:0% going to be talking today about economic incentives<00:00:22.020> uh<00:00:22.920> and<00:00:23.279> souls<00:00:23.820> in<00:00:23.939> the<00:00:24.060> sense<00:00:24.180> of 00:00:24.349 --> 00:00:24.359 align:start position:0% incentives uh and souls in the sense of 00:00:24.359 --> 00:00:25.970 align:start position:0% incentives uh and souls in the sense of soul-bound<00:00:24.840> tokens<00:00:25.199> these<00:00:25.560> kind<00:00:25.619> of<00:00:25.740> social 00:00:25.970 --> 00:00:25.980 align:start position:0% soul-bound tokens these kind of social 00:00:25.980 --> 00:00:27.769 align:start position:0% soul-bound tokens these kind of social layers<00:00:26.340> people<00:00:26.580> are<00:00:26.760> trying<00:00:27.000> to<00:00:27.240> add<00:00:27.480> to 00:00:27.769 --> 00:00:27.779 align:start position:0% layers people are trying to add to 00:00:27.779 --> 00:00:29.810 align:start position:0% layers people are trying to add to ethereum<00:00:28.380> to<00:00:28.920> get<00:00:28.980> Beyond<00:00:29.340> just<00:00:29.519> kind<00:00:29.699> of 00:00:29.810 --> 00:00:29.820 align:start position:0% ethereum to get Beyond just kind of 00:00:29.820 --> 00:00:31.609 align:start position:0% ethereum to get Beyond just kind of limited<00:00:30.119> Financial<00:00:30.300> logic<00:00:30.840> particularly<00:00:31.500> in 00:00:31.609 --> 00:00:31.619 align:start position:0% limited Financial logic particularly in 00:00:31.619 --> 00:00:33.110 align:start position:0% limited Financial logic particularly in the<00:00:31.740> context<00:00:31.920> of<00:00:32.099> shelling<00:00:32.579> point-based 00:00:33.110 --> 00:00:33.120 align:start position:0% the context of shelling point-based 00:00:33.120 --> 00:00:34.030 align:start position:0% the context of shelling point-based oracles 00:00:34.030 --> 00:00:34.040 align:start position:0% oracles 00:00:34.040 --> 00:00:36.950 align:start position:0% oracles which<00:00:35.040> close<00:00:35.399> is<00:00:35.700> an<00:00:35.760> example<00:00:36.000> of<00:00:36.120> so<00:00:36.600> I'll 00:00:36.950 --> 00:00:36.960 align:start position:0% which close is an example of so I'll 00:00:36.960 --> 00:00:39.110 align:start position:0% which close is an example of so I'll briefly<00:00:37.440> Begin<00:00:37.800> by<00:00:38.040> describing<00:00:38.340> plaros<00:00:38.880> which 00:00:39.110 --> 00:00:39.120 align:start position:0% briefly Begin by describing plaros which 00:00:39.120 --> 00:00:40.670 align:start position:0% briefly Begin by describing plaros which will<00:00:39.420> sort<00:00:39.960> of<00:00:40.020> like 00:00:40.670 --> 00:00:40.680 align:start position:0% will sort of like 00:00:40.680 --> 00:00:42.290 align:start position:0% will sort of like give<00:00:41.160> a<00:00:41.340> sense<00:00:41.520> of<00:00:41.640> the<00:00:41.820> kind<00:00:41.940> of<00:00:42.000> examples 00:00:42.290 --> 00:00:42.300 align:start position:0% give a sense of the kind of examples 00:00:42.300 --> 00:00:44.450 align:start position:0% give a sense of the kind of examples we're<00:00:42.480> interested<00:00:42.780> in<00:00:42.899> so<00:00:43.739> claros<00:00:44.160> is<00:00:44.340> a 00:00:44.450 --> 00:00:44.460 align:start position:0% we're interested in so claros is a 00:00:44.460 --> 00:00:45.709 align:start position:0% we're interested in so claros is a blockchain-based<00:00:45.120> dispute<00:00:45.420> resolution 00:00:45.709 --> 00:00:45.719 align:start position:0% blockchain-based dispute resolution 00:00:45.719 --> 00:00:49.130 align:start position:0% blockchain-based dispute resolution platform<00:00:46.340> uh<00:00:47.340> what<00:00:47.640> that<00:00:47.820> means<00:00:48.300> is<00:00:48.840> that<00:00:49.020> so 00:00:49.130 --> 00:00:49.140 align:start position:0% platform uh what that means is that so 00:00:49.140 --> 00:00:50.990 align:start position:0% platform uh what that means is that so imagine<00:00:49.320> you<00:00:49.680> have<00:00:49.860> a<00:00:50.100> small<00:00:50.460> business<00:00:50.640> owner 00:00:50.990 --> 00:00:51.000 align:start position:0% imagine you have a small business owner 00:00:51.000 --> 00:00:54.229 align:start position:0% imagine you have a small business owner who<00:00:51.180> hires<00:00:51.420> a<00:00:51.600> freelancer<00:00:52.219> uh<00:00:53.219> and<00:00:53.700> they<00:00:54.120> put 00:00:54.229 --> 00:00:54.239 align:start position:0% who hires a freelancer uh and they put 00:00:54.239 --> 00:00:56.330 align:start position:0% who hires a freelancer uh and they put the<00:00:54.480> payment<00:00:54.719> for<00:00:54.960> the<00:00:55.079> free<00:00:55.199> Lancer<00:00:56.039> into<00:00:56.160> an 00:00:56.330 --> 00:00:56.340 align:start position:0% the payment for the free Lancer into an 00:00:56.340 --> 00:00:58.130 align:start position:0% the payment for the free Lancer into an escrow<00:00:56.579> on<00:00:56.760> a<00:00:56.940> smart<00:00:57.000> contract<00:00:57.420> and<00:00:57.899> then<00:00:58.020> if 00:00:58.130 --> 00:00:58.140 align:start position:0% escrow on a smart contract and then if 00:00:58.140 --> 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okay great and release<00:01:03.600> the<00:01:03.840> money<00:01:04.019> from<00:01:04.260> the<00:01:04.379> escrow<00:01:04.739> but<00:01:05.280> if 00:01:05.390 --> 00:01:05.400 align:start position:0% release the money from the escrow but if 00:01:05.400 --> 00:01:07.370 align:start position:0% release the money from the escrow but if she's<00:01:05.580> not<00:01:05.760> then<00:01:06.000> what<00:01:06.240> happens<00:01:06.420> in<00:01:06.720> Claro's 00:01:07.370 --> 00:01:07.380 align:start position:0% she's not then what happens in Claro's 00:01:07.380 --> 00:01:10.789 align:start position:0% she's not then what happens in Claro's is<00:01:07.979> that<00:01:08.820> um<00:01:08.820> there's<00:01:09.180> a<00:01:09.619> crowd-sourced<00:01:10.619> pool 00:01:10.789 --> 00:01:10.799 align:start position:0% is that um there's a crowd-sourced pool 00:01:10.799 --> 00:01:13.190 align:start position:0% is that um there's a crowd-sourced pool of<00:01:11.100> people<00:01:11.280> who<00:01:11.700> are<00:01:11.820> willing<00:01:12.060> to<00:01:12.299> rule<00:01:12.600> on<00:01:12.840> on 00:01:13.190 --> 00:01:13.200 align:start position:0% of people who are willing to rule on on 00:01:13.200 --> 00:01:16.010 align:start position:0% of people who are willing to rule on on whether<00:01:13.619> the<00:01:13.860> freelancer<00:01:14.340> did<00:01:14.520> good<00:01:14.640> work<00:01:15.020> and 00:01:16.010 --> 00:01:16.020 align:start position:0% whether the freelancer did good work and 00:01:16.020 --> 00:01:17.750 align:start position:0% whether the freelancer did good work and you<00:01:16.200> pick<00:01:16.380> some<00:01:16.740> random<00:01:17.100> selection<00:01:17.460> of<00:01:17.640> them 00:01:17.750 --> 00:01:17.760 align:start position:0% you pick some random selection of them 00:01:17.760 --> 00:01:21.830 align:start position:0% you pick some random selection of them uh<00:01:18.420> and<00:01:18.780> then<00:01:19.140> they're<00:01:19.500> incentivized<00:01:20.220> to<00:01:20.340> vote 00:01:21.830 --> 00:01:21.840 align:start position:0% uh and then they're incentivized to vote 00:01:21.840 --> 00:01:24.730 align:start position:0% uh and then they're incentivized to vote um<00:01:21.900> for<00:01:22.439> who<00:01:23.159> was<00:01:23.280> right<00:01:23.520> in<00:01:23.640> a<00:01:23.820> given<00:01:24.060> dispute 00:01:24.730 --> 00:01:24.740 align:start position:0% um for who was right in a given dispute 00:01:24.740 --> 00:01:28.370 align:start position:0% um for who was right in a given dispute based<00:01:25.740> on<00:01:26.220> what<00:01:26.700> we<00:01:26.820> call<00:01:27.000> as<00:01:27.180> a<00:01:27.360> shell<00:01:27.659> but<00:01:27.960> a 00:01:28.370 --> 00:01:28.380 align:start position:0% based on what we call as a shell but a 00:01:28.380 --> 00:01:30.710 align:start position:0% based on what we call as a shell but a shelling<00:01:28.680> point<00:01:28.799> or<00:01:28.979> a<00:01:29.100> focal<00:01:29.400> point<00:01:29.540> so<00:01:30.540> the 00:01:30.710 --> 00:01:30.720 align:start position:0% shelling point or a focal point so the 00:01:30.720 --> 00:01:32.570 align:start position:0% shelling point or a focal point so the idea<00:01:30.960> is<00:01:31.200> that<00:01:31.439> they're<00:01:31.619> incentivized<00:01:32.220> to<00:01:32.400> be 00:01:32.570 --> 00:01:32.580 align:start position:0% idea is that they're incentivized to be 00:01:32.580 --> 00:01:35.210 align:start position:0% idea is that they're incentivized to be coherent<00:01:33.119> to<00:01:33.540> vote<00:01:33.720> the<00:01:34.020> same<00:01:34.140> way<00:01:34.320> as<00:01:34.920> kind<00:01:35.100> of 00:01:35.210 --> 00:01:35.220 align:start position:0% coherent to vote the same way as kind of 00:01:35.220 --> 00:01:37.789 align:start position:0% coherent to vote the same way as kind of the<00:01:35.400> broad<00:01:36.119> Community<00:01:36.720> consensus<00:01:37.439> that 00:01:37.789 --> 00:01:37.799 align:start position:0% the broad Community consensus that 00:01:37.799 --> 00:01:40.370 align:start position:0% the broad Community consensus that ultimately<00:01:38.100> the<00:01:38.400> Oracle<00:01:38.880> produces<00:01:39.259> and<00:01:40.259> then 00:01:40.370 --> 00:01:40.380 align:start position:0% ultimately the Oracle produces and then 00:01:40.380 --> 00:01:43.429 align:start position:0% ultimately the Oracle produces and then any<00:01:40.619> given<00:01:41.340> participant<00:01:42.079> looks<00:01:43.079> at<00:01:43.140> the<00:01:43.259> case 00:01:43.429 --> 00:01:43.439 align:start position:0% any given participant looks at the case 00:01:43.439 --> 00:01:45.230 align:start position:0% any given participant looks at the case thinks<00:01:44.159> okay<00:01:44.280> I<00:01:44.520> think<00:01:44.640> the<00:01:44.880> small<00:01:45.000> business 00:01:45.230 --> 00:01:45.240 align:start position:0% thinks okay I think the small business 00:01:45.240 --> 00:01:47.149 align:start position:0% thinks okay I think the small business owner<00:01:45.659> has<00:01:45.840> the<00:01:46.079> honest 00:01:47.149 --> 00:01:47.159 align:start position:0% owner has the honest 00:01:47.159 --> 00:01:49.730 align:start position:0% owner has the honest position<00:01:47.640> here<00:01:48.119> and<00:01:49.020> more<00:01:49.140> I<00:01:49.500> think<00:01:49.560> everybody 00:01:49.730 --> 00:01:49.740 align:start position:0% position here and more I think everybody 00:01:49.740 --> 00:01:51.590 align:start position:0% position here and more I think everybody else<00:01:50.040> all<00:01:50.340> the<00:01:50.460> other<00:01:50.579> jurors<00:01:51.060> people<00:01:51.299> in<00:01:51.479> the 00:01:51.590 --> 00:01:51.600 align:start position:0% else all the other jurors people in the 00:01:51.600 --> 00:01:52.850 align:start position:0% else all the other jurors people in the community<00:01:51.780> are<00:01:52.259> going<00:01:52.380> to<00:01:52.500> think<00:01:52.619> that<00:01:52.740> the 00:01:52.850 --> 00:01:52.860 align:start position:0% community are going to think that the 00:01:52.860 --> 00:01:55.310 align:start position:0% community are going to think that the small<00:01:52.979> business<00:01:53.159> owner<00:01:53.520> was<00:01:53.700> right<00:01:53.960> so<00:01:54.960> I<00:01:55.140> want 00:01:55.310 --> 00:01:55.320 align:start position:0% small business owner was right so I want 00:01:55.320 --> 00:01:56.510 align:start position:0% small business owner was right so I want to<00:01:55.439> vote<00:01:55.500> for<00:01:55.680> the<00:01:55.799> small<00:01:55.920> business<00:01:56.040> owner 00:01:56.510 --> 00:01:56.520 align:start position:0% to vote for the small business owner 00:01:56.520 --> 00:01:58.010 align:start position:0% to vote for the small business owner because<00:01:56.880> I<00:01:57.060> think<00:01:57.180> everybody<00:01:57.360> else<00:01:57.600> is<00:01:57.899> going 00:01:58.010 --> 00:01:58.020 align:start position:0% because I think everybody else is going 00:01:58.020 --> 00:01:59.569 align:start position:0% because I think everybody else is going to<00:01:58.200> vote<00:01:58.320> for<00:01:58.500> the<00:01:58.680> small<00:01:58.860> business<00:01:59.040> owner 00:01:59.569 --> 00:01:59.579 align:start position:0% to vote for the small business owner 00:01:59.579 --> 00:02:01.730 align:start position:0% to vote for the small business owner because<00:02:00.540> it's<00:02:00.780> the<00:02:00.960> distinguished<00:02:01.500> decision 00:02:01.730 --> 00:02:01.740 align:start position:0% because it's the distinguished decision 00:02:01.740 --> 00:02:03.170 align:start position:0% because it's the distinguished decision and<00:02:01.979> they<00:02:02.100> all<00:02:02.220> expect<00:02:02.399> me<00:02:02.700> to<00:02:02.820> vote<00:02:02.880> for<00:02:03.060> the 00:02:03.170 --> 00:02:03.180 align:start position:0% and they all expect me to vote for the 00:02:03.180 --> 00:02:05.450 align:start position:0% and they all expect me to vote for the small<00:02:03.299> business<00:02:03.479> owner<00:02:03.960> and<00:02:04.920> ultimately<00:02:05.219> this 00:02:05.450 --> 00:02:05.460 align:start position:0% small business owner and ultimately this 00:02:05.460 --> 00:02:07.330 align:start position:0% small business owner and ultimately this boils<00:02:05.880> down<00:02:06.060> to<00:02:06.420> a 00:02:07.330 --> 00:02:07.340 align:start position:0% boils down to a 00:02:07.340 --> 00:02:09.350 align:start position:0% boils down to a notion<00:02:08.340> of<00:02:08.399> shelling<00:02:08.700> points<00:02:08.880> or<00:02:09.060> focal 00:02:09.350 --> 00:02:09.360 align:start position:0% notion of shelling points or focal 00:02:09.360 --> 00:02:11.210 align:start position:0% notion of shelling points or focal points<00:02:09.599> this<00:02:09.780> is<00:02:09.899> an<00:02:10.020> idea<00:02:10.739> introduced<00:02:11.099> by 00:02:11.210 --> 00:02:11.220 align:start position:0% points this is an idea introduced by 00:02:11.220 --> 00:02:13.850 align:start position:0% points this is an idea introduced by Thomas<00:02:11.340> shelling<00:02:11.819> in<00:02:11.940> the<00:02:12.060> 1970s<00:02:12.599> uh<00:02:13.440> shelling 00:02:13.850 --> 00:02:13.860 align:start position:0% Thomas shelling in the 1970s uh shelling 00:02:13.860 --> 00:02:16.369 align:start position:0% Thomas shelling in the 1970s uh shelling went<00:02:13.920> on<00:02:14.040> to<00:02:14.099> win<00:02:14.220> the<00:02:14.280> Nobel<00:02:14.520> Prize<00:02:15.140> that<00:02:16.140> uh 00:02:16.369 --> 00:02:16.379 align:start position:0% went on to win the Nobel Prize that uh 00:02:16.379 --> 00:02:17.750 align:start position:0% went on to win the Nobel Prize that uh selling<00:02:16.739> points<00:02:16.980> are<00:02:17.040> solutions<00:02:17.400> that<00:02:17.580> people 00:02:17.750 --> 00:02:17.760 align:start position:0% selling points are solutions that people 00:02:17.760 --> 00:02:19.790 align:start position:0% selling points are solutions that people tend<00:02:18.000> to<00:02:18.120> use<00:02:18.239> when<00:02:18.599> trying<00:02:18.840> to<00:02:18.959> coordinate<00:02:19.379> in 00:02:19.790 --> 00:02:19.800 align:start position:0% tend to use when trying to coordinate in 00:02:19.800 --> 00:02:21.170 align:start position:0% tend to use when trying to coordinate in the<00:02:19.980> absence<00:02:20.220> of<00:02:20.400> communication<00:02:20.879> because 00:02:21.170 --> 00:02:21.180 align:start position:0% the absence of communication because 00:02:21.180 --> 00:02:24.110 align:start position:0% the absence of communication because they<00:02:21.480> seem<00:02:21.780> special<00:02:22.080> or<00:02:22.319> natural<00:02:22.760> so<00:02:23.760> here<00:02:23.940> we 00:02:24.110 --> 00:02:24.120 align:start position:0% they seem special or natural so here we 00:02:24.120 --> 00:02:26.330 align:start position:0% they seem special or natural so here we have<00:02:24.239> like<00:02:24.420> a<00:02:24.599> table<00:02:24.780> of 00:02:26.330 --> 00:02:26.340 align:start position:0% have like a table of 00:02:26.340 --> 00:02:28.369 align:start position:0% have like a table of coordination<00:02:27.060> game<00:02:27.360> where<00:02:27.780> everyone<00:02:28.080> wants 00:02:28.369 --> 00:02:28.379 align:start position:0% coordination game where everyone wants 00:02:28.379 --> 00:02:30.229 align:start position:0% coordination game where everyone wants to<00:02:28.440> either<00:02:28.560> vote<00:02:28.860> for<00:02:28.980> x<00:02:29.160> or<00:02:29.520> I'll<00:02:29.700> vote<00:02:29.879> for<00:02:30.060> y 00:02:30.229 --> 00:02:30.239 align:start position:0% to either vote for x or I'll vote for y 00:02:30.239 --> 00:02:31.729 align:start position:0% to either vote for x or I'll vote for y but<00:02:30.720> they<00:02:30.840> just<00:02:30.959> want<00:02:31.080> to<00:02:31.200> vote<00:02:31.319> for<00:02:31.440> the<00:02:31.620> same 00:02:31.729 --> 00:02:31.739 align:start position:0% but they just want to vote for the same 00:02:31.739 --> 00:02:32.869 align:start position:0% but they just want to vote for the same thing<00:02:31.920> and<00:02:32.220> then<00:02:32.280> what<00:02:32.400> people<00:02:32.580> tend<00:02:32.760> to 00:02:32.869 --> 00:02:32.879 align:start position:0% thing and then what people tend to 00:02:32.879 --> 00:02:35.570 align:start position:0% thing and then what people tend to coordinate<00:02:33.180> around<00:02:33.360> are<00:02:34.200> kind<00:02:34.500> of<00:02:35.040> special 00:02:35.570 --> 00:02:35.580 align:start position:0% coordinate around are kind of special 00:02:35.580 --> 00:02:38.809 align:start position:0% coordinate around are kind of special seeming<00:02:36.300> Solutions<00:02:36.860> uh<00:02:37.860> so<00:02:38.040> here<00:02:38.280> in<00:02:38.400> Clarence 00:02:38.809 --> 00:02:38.819 align:start position:0% seeming Solutions uh so here in Clarence 00:02:38.819 --> 00:02:40.970 align:start position:0% seeming Solutions uh so here in Clarence we<00:02:39.060> think<00:02:39.180> of<00:02:39.360> honest<00:02:39.720> resolution<00:02:40.260> disputes 00:02:40.970 --> 00:02:40.980 align:start position:0% we think of honest resolution disputes 00:02:40.980 --> 00:02:42.530 align:start position:0% we think of honest resolution disputes as<00:02:41.099> a<00:02:41.280> kind<00:02:41.400> of<00:02:41.519> as<00:02:41.700> a<00:02:41.819> shelling<00:02:42.120> point<00:02:42.239> or<00:02:42.360> a 00:02:42.530 --> 00:02:42.540 align:start position:0% as a kind of as a shelling point or a 00:02:42.540 --> 00:02:44.270 align:start position:0% as a kind of as a shelling point or a focal<00:02:42.720> point 00:02:44.270 --> 00:02:44.280 align:start position:0% focal point 00:02:44.280 --> 00:02:47.390 align:start position:0% focal point um<00:02:44.540> others<00:02:45.540> blockchain<00:02:46.080> oracles<00:02:46.560> that<00:02:46.860> use 00:02:47.390 --> 00:02:47.400 align:start position:0% um others blockchain oracles that use 00:02:47.400 --> 00:02:49.670 align:start position:0% um others blockchain oracles that use this<00:02:47.700> include<00:02:48.120> of<00:02:48.360> ideas<00:02:49.019> related<00:02:49.440> to<00:02:49.560> this 00:02:49.670 --> 00:02:49.680 align:start position:0% this include of ideas related to this 00:02:49.680 --> 00:02:52.970 align:start position:0% this include of ideas related to this include<00:02:49.860> ogre<00:02:50.099> enuma<00:02:50.720> uh<00:02:51.720> so<00:02:52.140> Claus<00:02:52.500> is<00:02:52.739> a<00:02:52.860> kind 00:02:52.970 --> 00:02:52.980 align:start position:0% include ogre enuma uh so Claus is a kind 00:02:52.980 --> 00:02:55.070 align:start position:0% include ogre enuma uh so Claus is a kind of<00:02:53.040> like<00:02:53.280> Oracle<00:02:54.060> specifically<00:02:54.540> designed<00:02:54.840> for 00:02:55.070 --> 00:02:55.080 align:start position:0% of like Oracle specifically designed for 00:02:55.080 --> 00:02:57.470 align:start position:0% of like Oracle specifically designed for dispute<00:02:55.620> resolution<00:02:55.980> but<00:02:56.760> more<00:02:57.000> broadly<00:02:57.300> you 00:02:57.470 --> 00:02:57.480 align:start position:0% dispute resolution but more broadly you 00:02:57.480 --> 00:02:58.910 align:start position:0% dispute resolution but more broadly you can<00:02:57.540> think<00:02:57.660> of<00:02:57.780> it<00:02:57.900> as<00:02:58.080> just<00:02:58.319> being<00:02:58.560> designed 00:02:58.910 --> 00:02:58.920 align:start position:0% can think of it as just being designed 00:02:58.920 --> 00:03:01.250 align:start position:0% can think of it as just being designed for<00:02:59.280> the<00:02:59.700> subjective<00:03:00.360> decisions<00:03:00.780> people<00:03:01.019> need 00:03:01.250 --> 00:03:01.260 align:start position:0% for the subjective decisions people need 00:03:01.260 --> 00:03:04.610 align:start position:0% for the subjective decisions people need to<00:03:01.319> make<00:03:01.440> on<00:03:01.560> a<00:03:01.680> blockchain<00:03:02.040> uh<00:03:03.480> so<00:03:04.260> another 00:03:04.610 --> 00:03:04.620 align:start position:0% to make on a blockchain uh so another 00:03:04.620 --> 00:03:07.850 align:start position:0% to make on a blockchain uh so another aspect<00:03:05.040> of<00:03:05.220> the<00:03:05.459> title<00:03:05.700> of<00:03:05.760> my<00:03:05.879> talk<00:03:06.120> is 00:03:07.850 --> 00:03:07.860 align:start position:0% aspect of the title of my talk is 00:03:07.860 --> 00:03:09.710 align:start position:0% aspect of the title of my talk is souls<00:03:08.519> and<00:03:08.640> sold<00:03:08.760> down<00:03:08.940> tokens<00:03:09.300> so<00:03:09.480> for<00:03:09.599> those 00:03:09.710 --> 00:03:09.720 align:start position:0% souls and sold down tokens so for those 00:03:09.720 --> 00:03:10.790 align:start position:0% souls and sold down tokens so for those of<00:03:09.780> you<00:03:09.900> who<00:03:10.019> aren't<00:03:10.140> familiar<00:03:10.379> I'll<00:03:10.560> briefly 00:03:10.790 --> 00:03:10.800 align:start position:0% of you who aren't familiar I'll briefly 00:03:10.800 --> 00:03:13.550 align:start position:0% of you who aren't familiar I'll briefly introduce<00:03:11.159> them<00:03:11.400> so<00:03:12.300> the<00:03:12.480> defining<00:03:13.019> feature 00:03:13.550 --> 00:03:13.560 align:start position:0% introduce them so the defining feature 00:03:13.560 --> 00:03:16.309 align:start position:0% introduce them so the defining feature of<00:03:13.920> Soul<00:03:14.159> bound<00:03:14.519> tokens<00:03:15.000> uh<00:03:15.959> and<00:03:16.080> these<00:03:16.260> are 00:03:16.309 --> 00:03:16.319 align:start position:0% of Soul bound tokens uh and these are 00:03:16.319 --> 00:03:17.210 align:start position:0% of Soul bound tokens uh and these are introduced<00:03:16.560> by<00:03:16.680> in<00:03:16.980> this<00:03:17.099> paper 00:03:17.210 --> 00:03:17.220 align:start position:0% introduced by in this paper 00:03:17.220 --> 00:03:19.309 align:start position:0% introduced by in this paper decentralized<00:03:17.940> Society<00:03:18.239> finding<00:03:18.599> web<00:03:18.720> 3<00:03:18.959> sold 00:03:19.309 --> 00:03:19.319 align:start position:0% decentralized Society finding web 3 sold 00:03:19.319 --> 00:03:21.710 align:start position:0% decentralized Society finding web 3 sold it<00:03:19.680> was<00:03:19.860> published<00:03:20.760> a<00:03:20.940> few<00:03:21.060> months<00:03:21.239> ago<00:03:21.360> by 00:03:21.710 --> 00:03:21.720 align:start position:0% it was published a few months ago by 00:03:21.720 --> 00:03:25.070 align:start position:0% it was published a few months ago by while<00:03:22.019> olhaver<00:03:22.860> and<00:03:23.040> budrin<00:03:23.519> uh<00:03:24.360> so<00:03:24.599> these<00:03:25.019> are 00:03:25.070 --> 00:03:25.080 align:start position:0% while olhaver and budrin uh so these are 00:03:25.080 --> 00:03:26.330 align:start position:0% while olhaver and budrin uh so these are tokens<00:03:25.319> that<00:03:25.620> first<00:03:25.920> of<00:03:26.040> all<00:03:26.159> are 00:03:26.330 --> 00:03:26.340 align:start position:0% tokens that first of all are 00:03:26.340 --> 00:03:27.710 align:start position:0% tokens that first of all are non-transferable 00:03:27.710 --> 00:03:27.720 align:start position:0% non-transferable 00:03:27.720 --> 00:03:29.869 align:start position:0% non-transferable uh<00:03:28.560> and<00:03:28.860> generally<00:03:29.159> are<00:03:29.340> thought<00:03:29.519> of<00:03:29.640> as 00:03:29.869 --> 00:03:29.879 align:start position:0% uh and generally are thought of as 00:03:29.879 --> 00:03:32.089 align:start position:0% uh and generally are thought of as representing<00:03:30.599> some<00:03:30.900> social<00:03:31.200> aspect<00:03:31.800> of 00:03:32.089 --> 00:03:32.099 align:start position:0% representing some social aspect of 00:03:32.099 --> 00:03:35.509 align:start position:0% representing some social aspect of people<00:03:32.659> uh<00:03:33.659> like<00:03:33.900> maybe<00:03:34.200> you<00:03:34.620> finish<00:03:34.800> a<00:03:35.220> course 00:03:35.509 --> 00:03:35.519 align:start position:0% people uh like maybe you finish a course 00:03:35.519 --> 00:03:38.210 align:start position:0% people uh like maybe you finish a course in<00:03:35.940> blockchain<00:03:36.420> from<00:03:36.900> from<00:03:37.440> some<00:03:37.800> like<00:03:37.980> online 00:03:38.210 --> 00:03:38.220 align:start position:0% in blockchain from from some like online 00:03:38.220 --> 00:03:40.309 align:start position:0% in blockchain from from some like online course<00:03:38.519> and<00:03:39.300> you<00:03:39.480> get<00:03:39.540> a<00:03:39.659> diploma<00:03:39.959> from<00:03:40.200> that 00:03:40.309 --> 00:03:40.319 align:start position:0% course and you get a diploma from that 00:03:40.319 --> 00:03:41.750 align:start position:0% course and you get a diploma from that course<00:03:40.500> like<00:03:40.920> it<00:03:41.040> doesn't<00:03:41.159> make<00:03:41.400> sense<00:03:41.519> to 00:03:41.750 --> 00:03:41.760 align:start position:0% course like it doesn't make sense to 00:03:41.760 --> 00:03:44.630 align:start position:0% course like it doesn't make sense to transfer<00:03:42.420> that<00:03:42.659> to<00:03:42.900> somebody<00:03:43.140> else<00:03:43.560> like<00:03:44.220> you 00:03:44.630 --> 00:03:44.640 align:start position:0% transfer that to somebody else like you 00:03:44.640 --> 00:03:45.830 align:start position:0% transfer that to somebody else like you have<00:03:44.879> a<00:03:45.000> diploma<00:03:45.180> representing<00:03:45.599> your 00:03:45.830 --> 00:03:45.840 align:start position:0% have a diploma representing your 00:03:45.840 --> 00:03:47.570 align:start position:0% have a diploma representing your knowledge 00:03:47.570 --> 00:03:47.580 align:start position:0% knowledge 00:03:47.580 --> 00:03:50.210 align:start position:0% knowledge um<00:03:47.640> maybe<00:03:48.000> you<00:03:48.239> win<00:03:48.360> an<00:03:48.540> award<00:03:49.080> uh<00:03:49.799> for<00:03:49.920> for 00:03:50.210 --> 00:03:50.220 align:start position:0% um maybe you win an award uh for for 00:03:50.220 --> 00:03:52.670 align:start position:0% um maybe you win an award uh for for your<00:03:50.459> your<00:03:50.640> good<00:03:50.879> work<00:03:51.200> uh<00:03:52.200> so<00:03:52.440> these<00:03:52.620> are 00:03:52.670 --> 00:03:52.680 align:start position:0% your your good work uh so these are 00:03:52.680 --> 00:03:53.990 align:start position:0% your your good work uh so these are things<00:03:53.040> that<00:03:53.159> represent<00:03:53.400> some<00:03:53.580> aspect<00:03:53.879> of 00:03:53.990 --> 00:03:54.000 align:start position:0% things that represent some aspect of 00:03:54.000 --> 00:03:55.970 align:start position:0% things that represent some aspect of identity<00:03:54.360> about<00:03:54.599> you<00:03:54.900> and<00:03:55.500> an<00:03:55.680> interesting 00:03:55.970 --> 00:03:55.980 align:start position:0% identity about you and an interesting 00:03:55.980 --> 00:03:57.289 align:start position:0% identity about you and an interesting thing<00:03:56.159> that<00:03:56.400> the<00:03:56.580> authors<00:03:56.819> of<00:03:57.000> this<00:03:57.120> paper 00:03:57.289 --> 00:03:57.299 align:start position:0% thing that the authors of this paper 00:03:57.299 --> 00:03:59.869 align:start position:0% thing that the authors of this paper discuss<00:03:57.720> is<00:03:58.140> that<00:03:58.319> you<00:03:58.440> can<00:03:58.620> have<00:03:58.879> negative 00:03:59.869 --> 00:03:59.879 align:start position:0% discuss is that you can have negative 00:03:59.879 --> 00:04:02.390 align:start position:0% discuss is that you can have negative Soul<00:04:00.299> bound<00:04:00.599> tokens<00:04:01.080> so<00:04:01.920> like<00:04:02.159> a<00:04:02.280> running 00:04:02.390 --> 00:04:02.400 align:start position:0% Soul bound tokens so like a running 00:04:02.400 --> 00:04:03.910 align:start position:0% Soul bound tokens so like a running example<00:04:02.700> that<00:04:02.879> they<00:04:03.000> particularly<00:04:03.420> consider 00:04:03.910 --> 00:04:03.920 align:start position:0% example that they particularly consider 00:04:03.920 --> 00:04:06.110 align:start position:0% example that they particularly consider involves<00:04:04.920> it's<00:04:05.519> trying<00:04:05.760> to<00:04:05.879> enable 00:04:06.110 --> 00:04:06.120 align:start position:0% involves it's trying to enable 00:04:06.120 --> 00:04:08.630 align:start position:0% involves it's trying to enable undercollateralized<00:04:07.080> loans<00:04:07.500> so<00:04:08.159> by<00:04:08.340> adding 00:04:08.630 --> 00:04:08.640 align:start position:0% undercollateralized loans so by adding 00:04:08.640 --> 00:04:10.070 align:start position:0% undercollateralized loans so by adding this<00:04:08.760> sort<00:04:08.940> of<00:04:09.000> richer<00:04:09.299> notion<00:04:09.599> of<00:04:09.720> identity 00:04:10.070 --> 00:04:10.080 align:start position:0% this sort of richer notion of identity 00:04:10.080 --> 00:04:12.050 align:start position:0% this sort of richer notion of identity you<00:04:10.980> can<00:04:11.099> have<00:04:11.280> kind<00:04:11.640> of<00:04:11.700> enough<00:04:11.819> information 00:04:12.050 --> 00:04:12.060 align:start position:0% you can have kind of enough information 00:04:12.060 --> 00:04:13.910 align:start position:0% you can have kind of enough information about<00:04:12.480> somebody<00:04:12.720> to<00:04:13.140> judge<00:04:13.439> whether<00:04:13.680> they're 00:04:13.910 --> 00:04:13.920 align:start position:0% about somebody to judge whether they're 00:04:13.920 --> 00:04:16.969 align:start position:0% about somebody to judge whether they're credit<00:04:14.099> worthy<00:04:14.580> and<00:04:15.180> should<00:04:15.480> be<00:04:15.959> given<00:04:16.799> an 00:04:16.969 --> 00:04:16.979 align:start position:0% credit worthy and should be given an 00:04:16.979 --> 00:04:18.530 align:start position:0% credit worthy and should be given an under<00:04:17.100> collateralized<00:04:17.699> Loan<00:04:18.000> in<00:04:18.120> a<00:04:18.299> kind<00:04:18.419> of 00:04:18.530 --> 00:04:18.540 align:start position:0% under collateralized Loan in a kind of 00:04:18.540 --> 00:04:22.310 align:start position:0% under collateralized Loan in a kind of similar<00:04:19.340> structure<00:04:20.340> to<00:04:20.579> how<00:04:21.120> banks<00:04:22.019> in<00:04:22.199> the 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you don't pay your loan on time 00:04:27.660 --> 00:04:29.629 align:start position:0% then if you don't pay your loan on time maybe<00:04:28.139> you<00:04:28.320> get<00:04:28.500> a<00:04:28.680> soul<00:04:28.860> bound<00:04:29.160> token<00:04:29.520> that 00:04:29.629 --> 00:04:29.639 align:start position:0% maybe you get a soul bound token that 00:04:29.639 --> 00:04:33.290 align:start position:0% maybe you get a soul bound token that says<00:04:30.000> you<00:04:30.540> know<00:04:30.660> late<00:04:31.080> payments<00:04:31.820> and<00:04:32.820> then 00:04:33.290 --> 00:04:33.300 align:start position:0% says you know late payments and then 00:04:33.300 --> 00:04:34.969 align:start position:0% says you know late payments and then going<00:04:33.900> forward<00:04:34.139> you<00:04:34.500> kind<00:04:34.680> of<00:04:34.740> have<00:04:34.860> to 00:04:34.969 --> 00:04:34.979 align:start position:0% going forward you kind of have to 00:04:34.979 --> 00:04:37.070 align:start position:0% going forward you kind of have to present<00:04:35.220> people<00:04:35.400> the<00:04:35.699> bad<00:04:35.880> with<00:04:36.180> the<00:04:36.419> good<00:04:36.600> you 00:04:37.070 --> 00:04:37.080 align:start position:0% present people the bad with the good you 00:04:37.080 --> 00:04:38.270 align:start position:0% present people the bad with the good you can't<00:04:37.139> get<00:04:37.320> rid<00:04:37.440> of<00:04:37.560> the<00:04:37.680> negative<00:04:37.860> sell<00:04:38.100> down 00:04:38.270 --> 00:04:38.280 align:start position:0% can't get rid of the negative sell down 00:04:38.280 --> 00:04:40.010 align:start position:0% can't get rid of the negative sell down tokens<00:04:38.580> short<00:04:38.880> of<00:04:39.120> burning<00:04:39.479> the<00:04:39.600> whole<00:04:39.720> wallet 00:04:40.010 --> 00:04:40.020 align:start position:0% tokens short of burning the whole wallet 00:04:40.020 --> 00:04:42.350 align:start position:0% tokens short of burning the whole wallet and<00:04:40.139> starting<00:04:40.320> over<00:04:40.500> with<00:04:40.740> a<00:04:40.860> new<00:04:40.979> identity<00:04:41.400> uh 00:04:42.350 --> 00:04:42.360 align:start position:0% and starting over with a new identity uh 00:04:42.360 --> 00:04:44.629 align:start position:0% and starting over with a new identity uh but<00:04:42.540> when<00:04:42.780> you<00:04:43.080> present<00:04:43.919> your<00:04:44.160> wallet<00:04:44.520> to 00:04:44.629 --> 00:04:44.639 align:start position:0% but when you present your wallet to 00:04:44.639 --> 00:04:47.090 align:start position:0% but when you present your wallet to someone<00:04:44.820> they'll<00:04:45.780> be<00:04:45.960> able<00:04:46.080> to<00:04:46.199> see<00:04:46.500> okay<00:04:46.740> they 00:04:47.090 --> 00:04:47.100 align:start position:0% someone they'll be able to see okay they 00:04:47.100 --> 00:04:49.550 align:start position:0% someone they'll be able to see okay they won<00:04:47.580> this<00:04:47.759> award<00:04:47.940> and<00:04:48.120> had<00:04:48.360> this<00:04:48.540> this<00:04:48.960> uh<00:04:49.320> this 00:04:49.550 --> 00:04:49.560 align:start position:0% won this award and had this this uh this 00:04:49.560 --> 00:04:51.530 align:start position:0% won this award and had this this uh this diploma<00:04:49.919> but<00:04:50.340> uh<00:04:50.520> he<00:04:50.699> had<00:04:50.820> a<00:04:50.940> late<00:04:51.060> payment<00:04:51.240> and 00:04:51.530 --> 00:04:51.540 align:start position:0% diploma but uh he had a late payment and 00:04:51.540 --> 00:04:53.150 align:start position:0% diploma but uh he had a late payment and they<00:04:51.660> make<00:04:51.780> sort<00:04:51.960> of<00:04:52.020> a<00:04:52.139> balances<00:04:52.620> kind<00:04:53.100> of 00:04:53.150 --> 00:04:53.160 align:start position:0% they make sort of a balances kind of 00:04:53.160 --> 00:04:54.950 align:start position:0% they make sort of a balances kind of evaluations<00:04:53.639> on<00:04:53.820> your<00:04:53.940> identity<00:04:54.240> using<00:04:54.840> all 00:04:54.950 --> 00:04:54.960 align:start position:0% evaluations on your identity using all 00:04:54.960 --> 00:04:57.770 align:start position:0% evaluations on your identity using all this<00:04:55.199> information<00:04:55.320> together<00:04:56.180> uh<00:04:57.180> so<00:04:57.479> a 00:04:57.770 --> 00:04:57.780 align:start position:0% this information together uh so a 00:04:57.780 --> 00:04:59.689 align:start position:0% this information together uh so a related<00:04:58.020> concept<00:04:58.440> that<00:04:58.800> has<00:04:59.100> to<00:04:59.280> do<00:04:59.340> with<00:04:59.520> sort 00:04:59.689 --> 00:04:59.699 align:start position:0% related concept that has to do with sort 00:04:59.699 --> 00:05:02.450 align:start position:0% related concept that has to do with sort of<00:04:59.820> social<00:05:00.000> layers<00:05:00.479> on<00:05:00.720> blockchains<00:05:01.320> but<00:05:01.500> is<00:05:01.740> a 00:05:02.450 --> 00:05:02.460 align:start position:0% of social layers on blockchains but is a 00:05:02.460 --> 00:05:04.249 align:start position:0% of social layers on blockchains but is a little<00:05:02.580> different<00:05:02.759> uh<00:05:03.600> is<00:05:03.840> something<00:05:04.020> called 00:05:04.249 --> 00:05:04.259 align:start position:0% little different uh is something called 00:05:04.259 --> 00:05:07.550 align:start position:0% little different uh is something called proof<00:05:04.620> of<00:05:04.740> personhood<00:05:05.100> so<00:05:06.060> particularly<00:05:06.600> uh 00:05:07.550 --> 00:05:07.560 align:start position:0% proof of personhood so particularly uh 00:05:07.560 --> 00:05:09.830 align:start position:0% proof of personhood so particularly uh the<00:05:08.160> Claro's<00:05:08.639> team<00:05:08.759> developed<00:05:09.240> proof<00:05:09.780> of 00:05:09.830 --> 00:05:09.840 align:start position:0% the Claro's team developed proof of 00:05:09.840 --> 00:05:11.330 align:start position:0% the Claro's team developed proof of humanity<00:05:10.199> which<00:05:10.380> is<00:05:10.500> an<00:05:10.620> example<00:05:10.860> of<00:05:11.040> a<00:05:11.160> proof 00:05:11.330 --> 00:05:11.340 align:start position:0% humanity which is an example of a proof 00:05:11.340 --> 00:05:13.249 align:start position:0% humanity which is an example of a proof of<00:05:11.400> personhood<00:05:11.759> protocol<00:05:12.060> so<00:05:13.020> this<00:05:13.199> is 00:05:13.249 --> 00:05:13.259 align:start position:0% of personhood protocol so this is 00:05:13.259 --> 00:05:15.050 align:start position:0% of personhood protocol so this is supposed<00:05:13.440> to<00:05:13.620> be<00:05:13.740> a<00:05:13.979> civil<00:05:14.220> resistant<00:05:14.699> tool 00:05:15.050 --> 00:05:15.060 align:start position:0% supposed to be a civil resistant tool 00:05:15.060 --> 00:05:17.990 align:start position:0% supposed to be a civil resistant tool it's<00:05:15.960> a<00:05:16.139> registered<00:05:16.680> list<00:05:17.100> of<00:05:17.340> of<00:05:17.699> human 00:05:17.990 --> 00:05:18.000 align:start position:0% it's a registered list of of human 00:05:18.000 --> 00:05:20.390 align:start position:0% it's a registered list of of human beings<00:05:18.440> such<00:05:19.440> that<00:05:19.620> no<00:05:19.740> human<00:05:19.919> being<00:05:20.100> can<00:05:20.280> be 00:05:20.390 --> 00:05:20.400 align:start position:0% beings such that no human being can be 00:05:20.400 --> 00:05:22.189 align:start position:0% beings such that no human being can be able<00:05:20.460> to<00:05:20.520> get<00:05:20.699> more<00:05:20.940> than<00:05:21.180> one<00:05:21.479> identity<00:05:21.900> on 00:05:22.189 --> 00:05:22.199 align:start position:0% able to get more than one identity on 00:05:22.199 --> 00:05:23.930 align:start position:0% able to get more than one identity on the<00:05:22.380> list<00:05:22.500> uh<00:05:23.400> and<00:05:23.520> if<00:05:23.639> there's<00:05:23.759> another 00:05:23.930 --> 00:05:23.940 align:start position:0% the list uh and if there's another 00:05:23.940 --> 00:05:25.550 align:start position:0% the list uh and if there's another dispute<00:05:24.479> about<00:05:24.660> whether<00:05:24.840> someone<00:05:25.139> has<00:05:25.440> a 00:05:25.550 --> 00:05:25.560 align:start position:0% dispute about whether someone has a 00:05:25.560 --> 00:05:27.529 align:start position:0% dispute about whether someone has a duplicate<00:05:25.979> profile<00:05:26.460> or<00:05:26.940> doesn't<00:05:27.120> meet<00:05:27.360> the 00:05:27.529 --> 00:05:27.539 align:start position:0% duplicate profile or doesn't meet the 00:05:27.539 --> 00:05:30.050 align:start position:0% duplicate profile or doesn't meet the criteria<00:05:27.960> that<00:05:28.380> triggers<00:05:28.620> a<00:05:28.800> Claris<00:05:29.160> dispute 00:05:30.050 --> 00:05:30.060 align:start position:0% criteria that triggers a Claris dispute 00:05:30.060 --> 00:05:32.450 align:start position:0% criteria that triggers a Claris dispute uh<00:05:30.600> so<00:05:30.720> how<00:05:30.900> this<00:05:31.259> works<00:05:31.560> is<00:05:31.860> that<00:05:32.100> you<00:05:32.220> submit 00:05:32.450 --> 00:05:32.460 align:start position:0% uh so how this works is that you submit 00:05:32.460 --> 00:05:34.189 align:start position:0% uh so how this works is that you submit this<00:05:32.580> video<00:05:32.820> saying<00:05:33.479> that<00:05:33.600> I'm<00:05:33.780> a<00:05:33.900> real<00:05:34.020> human 00:05:34.189 --> 00:05:34.199 align:start position:0% this video saying that I'm a real human 00:05:34.199 --> 00:05:35.930 align:start position:0% this video saying that I'm a real human and<00:05:34.740> I'm<00:05:34.800> not<00:05:34.919> already<00:05:35.039> on<00:05:35.280> the<00:05:35.400> richest<00:05:35.699> trade 00:05:35.930 --> 00:05:35.940 align:start position:0% and I'm not already on the richest trade 00:05:35.940 --> 00:05:39.710 align:start position:0% and I'm not already on the richest trade uh<00:05:36.840> and<00:05:37.139> then<00:05:37.320> you<00:05:37.500> provide<00:05:37.800> a<00:05:37.919> deposit<00:05:38.720> and 00:05:39.710 --> 00:05:39.720 align:start position:0% uh and then you provide a deposit and 00:05:39.720 --> 00:05:41.390 align:start position:0% uh and then you provide a deposit and you<00:05:40.020> go<00:05:40.139> into<00:05:40.259> like<00:05:40.500> a<00:05:40.680> pending<00:05:41.039> submission 00:05:41.390 --> 00:05:41.400 align:start position:0% you go into like a pending submission 00:05:41.400 --> 00:05:43.610 align:start position:0% you go into like a pending submission challenge<00:05:41.759> period<00:05:42.300> where<00:05:43.259> if<00:05:43.500> somebody 00:05:43.610 --> 00:05:43.620 align:start position:0% challenge period where if somebody 00:05:43.620 --> 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on<00:05:48.060> the<00:05:48.180> list 00:05:49.490 --> 00:05:49.500 align:start position:0% on the list 00:05:49.500 --> 00:05:51.529 align:start position:0% on the list um<00:05:49.560> but<00:05:50.280> if<00:05:50.580> you're<00:05:50.699> not<00:05:50.880> a<00:05:51.000> human<00:05:51.120> being<00:05:51.300> or 00:05:51.529 --> 00:05:51.539 align:start position:0% um but if you're not a human being or 00:05:51.539 --> 00:05:54.469 align:start position:0% um but if you're not a human being or you're<00:05:51.720> a<00:05:51.840> duplicate<00:05:52.259> uh<00:05:52.979> then<00:05:53.699> you<00:05:54.000> when<00:05:54.360> you 00:05:54.469 --> 00:05:54.479 align:start position:0% you're a duplicate uh then you when you 00:05:54.479 --> 00:05:56.330 align:start position:0% you're a duplicate uh then you when you submit<00:05:54.780> to<00:05:55.139> the<00:05:55.259> list<00:05:55.380> then<00:05:56.100> this 00:05:56.330 --> 00:05:56.340 align:start position:0% submit to the list then this 00:05:56.340 --> 00:05:57.890 align:start position:0% submit to the list then this decentralized<00:05:56.880> ecosystem<00:05:57.300> of<00:05:57.539> Challengers 00:05:57.890 --> 00:05:57.900 align:start position:0% decentralized ecosystem of Challengers 00:05:57.900 --> 00:05:59.629 align:start position:0% decentralized ecosystem of Challengers will<00:05:58.199> say<00:05:58.380> no<00:05:58.560> you<00:05:58.919> don't<00:05:58.979> you<00:05:59.220> know<00:05:59.400> you<00:05:59.520> know 00:05:59.629 --> 00:05:59.639 align:start position:0% will say no you don't you know you know 00:05:59.639 --> 00:06:01.850 align:start position:0% will say no you don't you know you know you<00:06:00.120> don't<00:06:00.300> satisfy<00:06:00.780> the<00:06:00.900> rules<00:06:01.139> and<00:06:01.740> this 00:06:01.850 --> 00:06:01.860 align:start position:0% you don't satisfy the rules and this 00:06:01.860 --> 00:06:03.890 align:start position:0% you don't satisfy the rules and this will<00:06:02.039> raise<00:06:02.160> a<00:06:02.340> Clarence<00:06:02.639> jury<00:06:02.940> that<00:06:03.300> rules<00:06:03.720> in 00:06:03.890 --> 00:06:03.900 align:start position:0% will raise a Clarence jury that rules in 00:06:03.900 --> 00:06:05.710 align:start position:0% will raise a Clarence jury that rules in the<00:06:04.020> same<00:06:04.080> kind<00:06:04.199> of<00:06:04.320> subjective 00:06:05.710 --> 00:06:05.720 align:start position:0% the same kind of subjective 00:06:05.720 --> 00:06:07.790 align:start position:0% the same kind of subjective Oracle<00:06:06.720> way<00:06:06.840> that<00:06:07.020> I<00:06:07.080> described<00:06:07.380> before<00:06:07.500> using 00:06:07.790 --> 00:06:07.800 align:start position:0% Oracle way that I described before using 00:06:07.800 --> 00:06:10.730 align:start position:0% Oracle way that I described before using selling<00:06:08.100> points<00:06:08.699> uh<00:06:09.479> okay<00:06:09.720> so<00:06:09.960> now<00:06:10.139> sort<00:06:10.560> of<00:06:10.620> an 00:06:10.730 --> 00:06:10.740 align:start position:0% selling points uh okay so now sort of an 00:06:10.740 --> 00:06:11.930 align:start position:0% selling points uh okay so now sort of an interesting<00:06:11.039> thing<00:06:11.280> about<00:06:11.520> proof<00:06:11.880> of 00:06:11.930 --> 00:06:11.940 align:start position:0% interesting thing about proof of 00:06:11.940 --> 00:06:13.790 align:start position:0% interesting thing about proof of humanity<00:06:12.300> is<00:06:12.600> how<00:06:12.840> people<00:06:13.020> remove<00:06:13.320> themselves 00:06:13.790 --> 00:06:13.800 align:start position:0% humanity is how people remove themselves 00:06:13.800 --> 00:06:16.070 align:start position:0% humanity is how people remove themselves from<00:06:14.039> the<00:06:14.160> list<00:06:14.300> uh<00:06:15.300> and<00:06:15.600> they<00:06:15.720> do<00:06:15.840> that<00:06:15.960> by 00:06:16.070 --> 00:06:16.080 align:start position:0% from the list uh and they do that by 00:06:16.080 --> 00:06:17.689 align:start position:0% from the list uh and they do that by providing<00:06:16.380> another<00:06:16.560> video<00:06:16.919> they<00:06:17.340> provide<00:06:17.639> a 00:06:17.689 --> 00:06:17.699 align:start position:0% providing another video they provide a 00:06:17.699 --> 00:06:18.650 align:start position:0% providing another video they provide a video<00:06:17.820> that<00:06:17.940> says<00:06:18.120> Okay<00:06:18.180> I<00:06:18.360> want<00:06:18.479> to<00:06:18.539> remove 00:06:18.650 --> 00:06:18.660 align:start position:0% video that says Okay I want to remove 00:06:18.660 --> 00:06:22.189 align:start position:0% video that says Okay I want to remove myself<00:06:19.160> uh<00:06:20.160> and<00:06:20.759> what's<00:06:21.479> interesting<00:06:21.960> about 00:06:22.189 --> 00:06:22.199 align:start position:0% myself uh and what's interesting about 00:06:22.199 --> 00:06:23.870 align:start position:0% myself uh and what's interesting about this<00:06:22.440> is<00:06:22.800> that<00:06:22.979> maybe<00:06:23.160> in<00:06:23.400> a<00:06:23.580> future<00:06:23.639> version 00:06:23.870 --> 00:06:23.880 align:start position:0% this is that maybe in a future version 00:06:23.880 --> 00:06:25.490 align:start position:0% this is that maybe in a future version of<00:06:24.060> proof<00:06:24.300> of<00:06:24.360> humanity<00:06:24.720> if<00:06:25.080> you<00:06:25.259> had<00:06:25.380> a 00:06:25.490 --> 00:06:25.500 align:start position:0% of proof of humanity if you had a 00:06:25.500 --> 00:06:28.790 align:start position:0% of proof of humanity if you had a soul-bound<00:06:25.919> wallet<00:06:26.340> uh<00:06:27.240> that<00:06:28.139> um<00:06:28.139> has<00:06:28.620> your 00:06:28.790 --> 00:06:28.800 align:start position:0% soul-bound wallet uh that um has your 00:06:28.800 --> 00:06:31.070 align:start position:0% soul-bound wallet uh that um has your various<00:06:29.039> cell<00:06:29.220> bound<00:06:29.460> tokens<00:06:29.759> in<00:06:29.880> it<00:06:30.080> then 00:06:31.070 --> 00:06:31.080 align:start position:0% various cell bound tokens in it then 00:06:31.080 --> 00:06:32.870 align:start position:0% various cell bound tokens in it then maybe<00:06:31.680> it's<00:06:32.039> tied<00:06:32.280> to<00:06:32.460> your<00:06:32.520> proof<00:06:32.819> of 00:06:32.870 --> 00:06:32.880 align:start position:0% maybe it's tied to your proof of 00:06:32.880 --> 00:06:34.969 align:start position:0% maybe it's tied to your proof of humanity<00:06:33.180> profile<00:06:33.539> address<00:06:33.780> and<00:06:34.560> if<00:06:34.800> you 00:06:34.969 --> 00:06:34.979 align:start position:0% humanity profile address and if you 00:06:34.979 --> 00:06:36.529 align:start position:0% humanity profile address and if you remove<00:06:35.220> yourself<00:06:35.520> and<00:06:35.819> resubmit<00:06:36.240> with<00:06:36.360> a<00:06:36.479> new 00:06:36.529 --> 00:06:36.539 align:start position:0% remove yourself and resubmit with a new 00:06:36.539 --> 00:06:38.390 align:start position:0% remove yourself and resubmit with a new address<00:06:36.720> it<00:06:37.319> can<00:06:37.500> just<00:06:37.620> automatically<00:06:38.100> point 00:06:38.390 --> 00:06:38.400 align:start position:0% address it can just automatically point 00:06:38.400 --> 00:06:42.290 align:start position:0% address it can just automatically point to<00:06:38.580> the<00:06:38.819> new<00:06:39.000> profile<00:06:40.100> and<00:06:41.100> this<00:06:41.580> allows<00:06:41.940> like 00:06:42.290 --> 00:06:42.300 align:start position:0% to the new profile and this allows like 00:06:42.300 --> 00:06:43.189 align:start position:0% to the new profile and this allows like a<00:06:42.419> very<00:06:42.539> interesting<00:06:42.780> kind<00:06:42.960> of<00:06:43.020> social 00:06:43.189 --> 00:06:43.199 align:start position:0% a very interesting kind of social 00:06:43.199 --> 00:06:44.809 align:start position:0% a very interesting kind of social recovery 00:06:44.809 --> 00:06:44.819 align:start position:0% recovery 00:06:44.819 --> 00:06:46.430 align:start position:0% recovery um<00:06:44.940> like<00:06:45.300> rather<00:06:45.539> than<00:06:45.660> just<00:06:45.900> having<00:06:46.199> social 00:06:46.430 --> 00:06:46.440 align:start position:0% um like rather than just having social 00:06:46.440 --> 00:06:49.010 align:start position:0% um like rather than just having social recovery<00:06:46.919> based<00:06:47.340> on<00:06:47.520> you<00:06:48.360> know<00:06:48.419> your<00:06:48.840> friends 00:06:49.010 --> 00:06:49.020 align:start position:0% recovery based on you know your friends 00:06:49.020 --> 00:06:51.170 align:start position:0% recovery based on you know your friends saying<00:06:49.680> that<00:06:49.800> you<00:06:49.979> are<00:06:50.100> who<00:06:50.280> you<00:06:50.400> say<00:06:50.580> are<00:06:50.759> now 00:06:51.170 --> 00:06:51.180 align:start position:0% saying that you are who you say are now 00:06:51.180 --> 00:06:52.730 align:start position:0% saying that you are who you say are now you're<00:06:51.360> being<00:06:51.539> verified<00:06:51.840> by<00:06:52.080> this<00:06:52.259> like<00:06:52.440> broad 00:06:52.730 --> 00:06:52.740 align:start position:0% you're being verified by this like broad 00:06:52.740 --> 00:06:54.710 align:start position:0% you're being verified by this like broad community<00:06:53.100> and<00:06:53.819> moreover<00:06:54.120> this<00:06:54.300> has<00:06:54.479> an 00:06:54.710 --> 00:06:54.720 align:start position:0% community and moreover this has an 00:06:54.720 --> 00:06:56.150 align:start position:0% community and moreover this has an interesting<00:06:55.199> sort<00:06:55.440> of<00:06:55.500> philosophical<00:06:55.919> point 00:06:56.150 --> 00:06:56.160 align:start position:0% interesting sort of philosophical point 00:06:56.160 --> 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them<00:07:03.060> to<00:07:03.180> sign 00:07:03.350 --> 00:07:03.360 align:start position:0% private key that allows them to sign 00:07:03.360 --> 00:07:06.050 align:start position:0% private key that allows them to sign some<00:07:03.600> messages<00:07:04.100> but<00:07:05.100> here<00:07:05.400> what's 00:07:06.050 --> 00:07:06.060 align:start position:0% some messages but here what's 00:07:06.060 --> 00:07:07.969 align:start position:0% some messages but here what's fundamentally<00:07:06.780> defines<00:07:07.380> your<00:07:07.560> ability<00:07:07.800> to 00:07:07.969 --> 00:07:07.979 align:start position:0% fundamentally defines your ability to 00:07:07.979 --> 00:07:09.770 align:start position:0% fundamentally defines your ability to interact<00:07:08.220> with<00:07:08.340> these<00:07:08.460> slow<00:07:08.639> down<00:07:08.819> tokens<00:07:09.180> is 00:07:09.770 --> 00:07:09.780 align:start position:0% interact with these slow down tokens is 00:07:09.780 --> 00:07:12.529 align:start position:0% interact with these slow down tokens is your<00:07:10.020> ability<00:07:10.259> to<00:07:10.500> make<00:07:10.740> these<00:07:11.280> videos<00:07:11.539> which 00:07:12.529 --> 00:07:12.539 align:start position:0% your ability to make these videos which 00:07:12.539 --> 00:07:14.930 align:start position:0% your ability to make these videos which is<00:07:12.840> a<00:07:13.080> bit<00:07:13.259> different<00:07:13.440> uh<00:07:14.400> so<00:07:14.580> that<00:07:14.759> that's 00:07:14.930 --> 00:07:14.940 align:start position:0% is a bit different uh so that that's 00:07:14.940 --> 00:07:17.749 align:start position:0% is a bit different uh so that that's something<00:07:15.240> interesting<00:07:15.660> another<00:07:16.620> way<00:07:16.919> that 00:07:17.749 --> 00:07:17.759 align:start position:0% something interesting another way that 00:07:17.759 --> 00:07:19.730 align:start position:0% something interesting another way that these<00:07:18.300> proof<00:07:18.539> of<00:07:18.600> personhood<00:07:19.020> ideas<00:07:19.259> relate 00:07:19.730 --> 00:07:19.740 align:start position:0% these proof of personhood ideas relate 00:07:19.740 --> 00:07:24.409 align:start position:0% these proof of personhood ideas relate to<00:07:19.860> slow<00:07:20.039> down<00:07:20.220> tokens<00:07:20.660> is<00:07:21.660> that<00:07:22.440> um<00:07:22.440> how<00:07:23.419> gets 00:07:24.409 --> 00:07:24.419 align:start position:0% to slow down tokens is that um how gets 00:07:24.419 --> 00:07:25.550 align:start position:0% to slow down tokens is that um how gets to<00:07:24.539> questions<00:07:24.660> about<00:07:24.900> how<00:07:25.080> you<00:07:25.199> distribute 00:07:25.550 --> 00:07:25.560 align:start position:0% to questions about how you distribute 00:07:25.560 --> 00:07:28.969 align:start position:0% to questions about how you distribute subout<00:07:25.919> tokens<00:07:26.160> to<00:07:26.280> begin<00:07:26.400> with<00:07:27.020> so<00:07:28.020> I<00:07:28.800> imagine 00:07:28.969 --> 00:07:28.979 align:start position:0% subout tokens to begin with so I imagine 00:07:28.979 --> 00:07:30.529 align:start position:0% subout tokens to begin with so I imagine they'll<00:07:29.340> someday<00:07:29.639> be<00:07:29.759> a<00:07:29.880> rich<00:07:30.000> ecosystem<00:07:30.360> of 00:07:30.529 --> 00:07:30.539 align:start position:0% they'll someday be a rich ecosystem of 00:07:30.539 --> 00:07:32.210 align:start position:0% they'll someday be a rich ecosystem of slowdown<00:07:30.780> tokens<00:07:31.139> they<00:07:31.740> will<00:07:31.860> be<00:07:31.919> distributed 00:07:32.210 --> 00:07:32.220 align:start position:0% slowdown tokens they will be distributed 00:07:32.220 --> 00:07:34.309 align:start position:0% slowdown tokens they will be distributed potentially<00:07:32.580> in<00:07:32.699> different<00:07:32.819> ways<00:07:33.180> a<00:07:34.080> sort<00:07:34.199> of 00:07:34.309 --> 00:07:34.319 align:start position:0% potentially in different ways a sort of 00:07:34.319 --> 00:07:36.050 align:start position:0% potentially in different ways a sort of a<00:07:34.440> natural<00:07:34.560> thing<00:07:34.919> to<00:07:35.099> do<00:07:35.220> is<00:07:35.520> if<00:07:35.699> there's<00:07:35.819> an 00:07:36.050 --> 00:07:36.060 align:start position:0% a natural thing to do is if there's an 00:07:36.060 --> 00:07:38.510 align:start position:0% a natural thing to do is if there's an institution<00:07:36.539> that<00:07:37.199> can<00:07:37.380> attest<00:07:37.740> to<00:07:37.919> whatever 00:07:38.510 --> 00:07:38.520 align:start position:0% institution that can attest to whatever 00:07:38.520 --> 00:07:40.909 align:start position:0% institution that can attest to whatever you<00:07:39.300> like<00:07:39.900> aspect<00:07:40.259> of<00:07:40.380> your<00:07:40.500> identity<00:07:40.740> the 00:07:40.909 --> 00:07:40.919 align:start position:0% you like aspect of your identity the 00:07:40.919 --> 00:07:42.230 align:start position:0% you like aspect of your identity the solvent<00:07:41.160> token<00:07:41.340> represents<00:07:41.699> then<00:07:42.000> it<00:07:42.120> would 00:07:42.230 --> 00:07:42.240 align:start position:0% solvent token represents then it would 00:07:42.240 --> 00:07:43.670 align:start position:0% solvent token represents then it would just<00:07:42.360> issue<00:07:42.539> to<00:07:42.660> that<00:07:42.840> directly<00:07:43.139> like<00:07:43.500> you 00:07:43.670 --> 00:07:43.680 align:start position:0% just issue to that directly like you 00:07:43.680 --> 00:07:46.249 align:start position:0% just issue to that directly like you come<00:07:43.860> to<00:07:43.919> Devcon<00:07:44.340> and<00:07:44.460> get<00:07:44.639> a<00:07:44.699> pull-up<00:07:45.259> and 00:07:46.249 --> 00:07:46.259 align:start position:0% come to Devcon and get a pull-up and 00:07:46.259 --> 00:07:48.170 align:start position:0% come to Devcon and get a pull-up and like<00:07:46.560> some<00:07:46.740> organizer<00:07:47.340> sign<00:07:47.699> some<00:07:48.000> message 00:07:48.170 --> 00:07:48.180 align:start position:0% like some organizer sign some message 00:07:48.180 --> 00:07:50.689 align:start position:0% like some organizer sign some message saying<00:07:48.660> yep<00:07:48.960> she<00:07:49.259> was<00:07:49.440> here<00:07:49.620> pulp<00:07:50.400> awarded 00:07:50.689 --> 00:07:50.699 align:start position:0% saying yep she was here pulp awarded 00:07:50.699 --> 00:07:52.309 align:start position:0% saying yep she was here pulp awarded into<00:07:50.880> the<00:07:51.060> auto<00:07:51.240> appears<00:07:51.840> automatically<00:07:52.199> in 00:07:52.309 --> 00:07:52.319 align:start position:0% into the auto appears automatically in 00:07:52.319 --> 00:07:54.529 align:start position:0% into the auto appears automatically in your<00:07:52.500> wallet<00:07:52.740> maybe<00:07:53.340> your<00:07:53.699> blockchain<00:07:54.060> based 00:07:54.529 --> 00:07:54.539 align:start position:0% your wallet maybe your blockchain based 00:07:54.539 --> 00:07:56.330 align:start position:0% your wallet maybe your blockchain based like<00:07:54.720> course<00:07:55.020> online<00:07:55.319> has<00:07:55.919> some<00:07:56.160> some 00:07:56.330 --> 00:07:56.340 align:start position:0% like course online has some some 00:07:56.340 --> 00:07:57.950 align:start position:0% like course online has some some University<00:07:56.580> attached<00:07:57.060> to<00:07:57.120> it<00:07:57.300> and<00:07:57.660> they<00:07:57.780> sign 00:07:57.950 --> 00:07:57.960 align:start position:0% University attached to it and they sign 00:07:57.960 --> 00:08:00.409 align:start position:0% University attached to it and they sign something<00:07:58.199> and<00:07:58.500> give<00:07:58.680> you<00:07:58.800> your<00:07:58.919> spt 00:08:00.409 --> 00:08:00.419 align:start position:0% something and give you your spt 00:08:00.419 --> 00:08:03.589 align:start position:0% something and give you your spt um but<00:08:00.900> like<00:08:01.199> maybe<00:08:01.940> you<00:08:02.940> don't<00:08:03.240> the 00:08:03.589 --> 00:08:03.599 align:start position:0% um but like maybe you don't the 00:08:03.599 --> 00:08:05.450 align:start position:0% um but like maybe you don't the institution<00:08:03.900> that's<00:08:04.139> like<00:08:04.440> naturally<00:08:05.099> giving 00:08:05.450 --> 00:08:05.460 align:start position:0% institution that's like naturally giving 00:08:05.460 --> 00:08:07.010 align:start position:0% institution that's like naturally giving out<00:08:05.699> the<00:08:05.880> tokens<00:08:06.120> it<00:08:06.419> would<00:08:06.539> test<00:08:06.840> your 00:08:07.010 --> 00:08:07.020 align:start position:0% out the tokens it would test your 00:08:07.020 --> 00:08:08.749 align:start position:0% out the tokens it would test your identity<00:08:07.319> just<00:08:07.979> isn't<00:08:08.340> equipped<00:08:08.580> for<00:08:08.699> this 00:08:08.749 --> 00:08:08.759 align:start position:0% identity just isn't equipped for this 00:08:08.759 --> 00:08:09.950 align:start position:0% identity just isn't equipped for this they're<00:08:08.940> not<00:08:09.060> very<00:08:09.180> blockchain<00:08:09.539> friendly 00:08:09.950 --> 00:08:09.960 align:start position:0% they're not very blockchain friendly 00:08:09.960 --> 00:08:11.870 align:start position:0% they're not very blockchain friendly moreover<00:08:10.560> maybe<00:08:10.800> there's<00:08:11.220> some<00:08:11.400> aspect<00:08:11.639> of 00:08:11.870 --> 00:08:11.880 align:start position:0% moreover maybe there's some aspect of 00:08:11.880 --> 00:08:13.730 align:start position:0% moreover maybe there's some aspect of some<00:08:12.060> sobound<00:08:12.539> token<00:08:12.900> that<00:08:13.560> doesn't 00:08:13.730 --> 00:08:13.740 align:start position:0% some sobound token that doesn't 00:08:13.740 --> 00:08:15.469 align:start position:0% some sobound token that doesn't naturally<00:08:14.220> have<00:08:14.460> an<00:08:14.580> institution<00:08:14.940> behind<00:08:15.360> it 00:08:15.469 --> 00:08:15.479 align:start position:0% naturally have an institution behind it 00:08:15.479 --> 00:08:17.510 align:start position:0% naturally have an institution behind it and<00:08:16.440> something<00:08:16.620> you<00:08:16.860> could<00:08:16.979> do<00:08:17.099> is<00:08:17.280> create<00:08:17.460> a 00:08:17.510 --> 00:08:17.520 align:start position:0% and something you could do is create a 00:08:17.520 --> 00:08:19.309 align:start position:0% and something you could do is create a career<00:08:17.699> a<00:08:18.180> list<00:08:18.360> similar<00:08:18.840> to<00:08:18.900> how<00:08:19.020> proof<00:08:19.259> of 00:08:19.309 --> 00:08:19.319 align:start position:0% career a list similar to how proof of 00:08:19.319 --> 00:08:22.070 align:start position:0% career a list similar to how proof of humanity<00:08:19.680> Works<00:08:19.979> where<00:08:20.520> you<00:08:20.759> claim<00:08:21.360> that<00:08:21.780> you 00:08:22.070 --> 00:08:22.080 align:start position:0% humanity Works where you claim that you 00:08:22.080 --> 00:08:23.270 align:start position:0% humanity Works where you claim that you deserve<00:08:22.319> a<00:08:22.379> cell<00:08:22.500> bound<00:08:22.740> token<00:08:22.979> you<00:08:23.039> say<00:08:23.160> I'm 00:08:23.270 --> 00:08:23.280 align:start position:0% deserve a cell bound token you say I'm 00:08:23.280 --> 00:08:25.430 align:start position:0% deserve a cell bound token you say I'm an<00:08:23.460> expert<00:08:23.699> in<00:08:23.940> subject<00:08:24.300> X<00:08:24.539> you<00:08:25.080> submit<00:08:25.379> a 00:08:25.430 --> 00:08:25.440 align:start position:0% an expert in subject X you submit a 00:08:25.440 --> 00:08:26.570 align:start position:0% an expert in subject X you submit a deposit<00:08:25.740> you<00:08:25.919> do<00:08:26.039> the<00:08:26.160> same<00:08:26.280> kind<00:08:26.400> of<00:08:26.460> thing 00:08:26.570 --> 00:08:26.580 align:start position:0% deposit you do the same kind of thing 00:08:26.580 --> 00:08:28.249 align:start position:0% deposit you do the same kind of thing people<00:08:26.819> can<00:08:27.060> challenge<00:08:27.240> you<00:08:27.539> you<00:08:27.960> provide 00:08:28.249 --> 00:08:28.259 align:start position:0% people can challenge you you provide 00:08:28.259 --> 00:08:29.930 align:start position:0% people can challenge you you provide your<00:08:28.379> portfolio 00:08:29.930 --> 00:08:29.940 align:start position:0% your portfolio 00:08:29.940 --> 00:08:32.209 align:start position:0% your portfolio like<00:08:30.599> previous<00:08:30.960> Works<00:08:31.500> proofs<00:08:31.979> of<00:08:32.039> your 00:08:32.209 --> 00:08:32.219 align:start position:0% like previous Works proofs of your 00:08:32.219 --> 00:08:34.370 align:start position:0% like previous Works proofs of your expertise<00:08:32.580> uh<00:08:33.360> and<00:08:33.539> if<00:08:33.719> you<00:08:33.839> make<00:08:33.959> it<00:08:34.080> onto<00:08:34.320> the 00:08:34.370 --> 00:08:34.380 align:start position:0% expertise uh and if you make it onto the 00:08:34.380 --> 00:08:36.290 align:start position:0% expertise uh and if you make it onto the list<00:08:34.500> you<00:08:34.680> get<00:08:34.800> a<00:08:34.919> sellbound<00:08:35.399> token<00:08:35.820> saying 00:08:36.290 --> 00:08:36.300 align:start position:0% list you get a sellbound token saying 00:08:36.300 --> 00:08:37.430 align:start position:0% list you get a sellbound token saying that<00:08:36.360> you're<00:08:36.479> an<00:08:36.599> expert 00:08:37.430 --> 00:08:37.440 align:start position:0% that you're an expert 00:08:37.440 --> 00:08:38.990 align:start position:0% that you're an expert okay<00:08:37.919> so<00:08:38.219> now<00:08:38.339> I'm<00:08:38.399> going<00:08:38.580> to<00:08:38.580> change<00:08:38.760> switch 00:08:38.990 --> 00:08:39.000 align:start position:0% okay so now I'm going to change switch 00:08:39.000 --> 00:08:41.449 align:start position:0% okay so now I'm going to change switch gears<00:08:39.360> a<00:08:39.479> bit<00:08:39.599> and<00:08:39.899> talk<00:08:40.080> about<00:08:40.380> how<00:08:40.979> these 00:08:41.449 --> 00:08:41.459 align:start position:0% gears a bit and talk about how these 00:08:41.459 --> 00:08:43.370 align:start position:0% gears a bit and talk about how these social<00:08:41.640> layers<00:08:42.120> interact<00:08:42.599> with<00:08:42.779> the<00:08:43.020> kinds<00:08:43.320> of 00:08:43.370 --> 00:08:43.380 align:start position:0% social layers interact with the kinds of 00:08:43.380 --> 00:08:46.070 align:start position:0% social layers interact with the kinds of Economic<00:08:44.219> Security<00:08:45.120> models<00:08:45.660> that<00:08:45.899> we 00:08:46.070 --> 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align:start position:0% examples here will be Claro's Euro selection<00:08:52.279> and<00:08:53.279> quadratic<00:08:53.820> funding<00:08:54.120> which<00:08:54.300> is 00:08:54.410 --> 00:08:54.420 align:start position:0% selection and quadratic funding which is 00:08:54.420 --> 00:08:56.269 align:start position:0% selection and quadratic funding which is the<00:08:54.600> sort<00:08:54.779> of<00:08:54.959> motivating<00:08:55.500> example<00:08:55.920> of<00:08:56.040> a<00:08:56.220> lot 00:08:56.269 --> 00:08:56.279 align:start position:0% the sort of motivating example of a lot 00:08:56.279 --> 00:08:58.790 align:start position:0% the sort of motivating example of a lot of<00:08:56.339> the<00:08:56.399> decentralized<00:08:56.820> society<00:08:57.180> paper<00:08:57.560> uh<00:08:58.560> so 00:08:58.790 --> 00:08:58.800 align:start position:0% of the decentralized society paper uh so 00:08:58.800 --> 00:09:00.470 align:start position:0% of the decentralized society paper uh so how<00:08:58.980> does<00:08:59.160> your<00:08:59.399> selection<00:08:59.880> currently<00:09:00.300> work 00:09:00.470 --> 00:09:00.480 align:start position:0% how does your selection currently work 00:09:00.480 --> 00:09:03.889 align:start position:0% how does your selection currently work in<00:09:00.779> claros<00:09:01.260> well<00:09:02.160> people<00:09:02.339> stick<00:09:02.640> a<00:09:02.880> token<00:09:03.180> and 00:09:03.889 --> 00:09:03.899 align:start position:0% in claros well people stick a token and 00:09:03.899 --> 00:09:05.269 align:start position:0% in claros well people stick a token and then<00:09:04.019> each<00:09:04.140> token<00:09:04.500> has<00:09:04.680> an<00:09:04.740> equal<00:09:04.860> chance<00:09:05.100> of 00:09:05.269 --> 00:09:05.279 align:start position:0% then each token has an equal chance of 00:09:05.279 --> 00:09:08.630 align:start position:0% then each token has an equal chance of being<00:09:05.399> drawn<00:09:06.019> and<00:09:07.019> you<00:09:07.560> kind<00:09:07.740> of<00:09:07.860> are<00:09:08.220> forced 00:09:08.630 --> 00:09:08.640 align:start position:0% being drawn and you kind of are forced 00:09:08.640 --> 00:09:10.130 align:start position:0% being drawn and you kind of are forced to<00:09:08.760> do<00:09:08.940> that<00:09:09.120> if<00:09:09.360> you<00:09:09.480> don't<00:09:09.600> have<00:09:09.899> another 00:09:10.130 --> 00:09:10.140 align:start position:0% to do that if you don't have another 00:09:10.140 --> 00:09:12.889 align:start position:0% to do that if you don't have another form<00:09:11.100> of<00:09:11.279> civil<00:09:11.580> resistance<00:09:12.000> because<00:09:12.600> if<00:09:12.779> you 00:09:12.889 --> 00:09:12.899 align:start position:0% form of civil resistance because if you 00:09:12.899 --> 00:09:14.350 align:start position:0% form of civil resistance because if you try<00:09:13.080> to<00:09:13.140> give<00:09:13.260> people<00:09:13.380> like<00:09:13.560> unequal<00:09:14.100> weight 00:09:14.350 --> 00:09:14.360 align:start position:0% try to give people like unequal weight 00:09:14.360 --> 00:09:17.269 align:start position:0% try to give people like unequal weight uh<00:09:15.360> say<00:09:15.959> people<00:09:16.380> that<00:09:16.560> have<00:09:16.680> tons<00:09:16.860> of<00:09:16.980> tokens 00:09:17.269 --> 00:09:17.279 align:start position:0% uh say people that have tons of tokens 00:09:17.279 --> 00:09:18.650 align:start position:0% uh say people that have tons of tokens or<00:09:17.459> like<00:09:17.700> weighted<00:09:18.000> quadratically<00:09:18.480> or 00:09:18.650 --> 00:09:18.660 align:start position:0% or like weighted quadratically or 00:09:18.660 --> 00:09:20.810 align:start position:0% or like weighted quadratically or something<00:09:18.860> then<00:09:19.860> people<00:09:20.220> would<00:09:20.519> have<00:09:20.640> an 00:09:20.810 --> 00:09:20.820 align:start position:0% something then people would have an 00:09:20.820 --> 00:09:21.889 align:start position:0% something then people would have an incentive<00:09:21.120> to<00:09:21.240> just<00:09:21.360> cut<00:09:21.540> up<00:09:21.600> their<00:09:21.720> tokens 00:09:21.889 --> 00:09:21.899 align:start position:0% incentive to just cut up their tokens 00:09:21.899 --> 00:09:23.090 align:start position:0% incentive to just cut up their tokens over<00:09:22.019> multiple<00:09:22.380> addresses<00:09:22.740> to<00:09:22.920> try<00:09:23.040> to 00:09:23.090 --> 00:09:23.100 align:start position:0% over multiple addresses to try to 00:09:23.100 --> 00:09:25.910 align:start position:0% over multiple addresses to try to pretend<00:09:23.339> to<00:09:23.399> be<00:09:23.519> different<00:09:23.640> people<00:09:24.080> uh<00:09:25.080> so 00:09:25.910 --> 00:09:25.920 align:start position:0% pretend to be different people uh so 00:09:25.920 --> 00:09:27.170 align:start position:0% pretend to be different people uh so you're<00:09:26.160> kind<00:09:26.580> of<00:09:26.640> stuck<00:09:26.760> with<00:09:26.880> this<00:09:27.000> like 00:09:27.170 --> 00:09:27.180 align:start position:0% you're kind of stuck with this like 00:09:27.180 --> 00:09:29.030 align:start position:0% you're kind of stuck with this like linear<00:09:27.600> odds<00:09:28.080> of<00:09:28.200> being<00:09:28.380> drawn<00:09:28.680> in<00:09:28.800> terms<00:09:28.980> of 00:09:29.030 --> 00:09:29.040 align:start position:0% linear odds of being drawn in terms of 00:09:29.040 --> 00:09:31.070 align:start position:0% linear odds of being drawn in terms of weight<00:09:29.240> and<00:09:30.240> then<00:09:30.360> every<00:09:30.600> time<00:09:30.779> you<00:09:30.899> draw 00:09:31.070 --> 00:09:31.080 align:start position:0% weight and then every time you draw 00:09:31.080 --> 00:09:33.290 align:start position:0% weight and then every time you draw someone<00:09:31.320> the<00:09:31.980> odds<00:09:32.220> of<00:09:32.339> the<00:09:32.459> next<00:09:32.640> draw<00:09:32.940> don't 00:09:33.290 --> 00:09:33.300 align:start position:0% someone the odds of the next draw don't 00:09:33.300 --> 00:09:35.630 align:start position:0% someone the odds of the next draw don't change<00:09:33.540> like<00:09:34.140> in<00:09:34.320> any<00:09:34.500> given<00:09:34.680> draw<00:09:34.860> that<00:09:35.160> that 00:09:35.630 --> 00:09:35.640 align:start position:0% change like in any given draw that that 00:09:35.640 --> 00:09:38.630 align:start position:0% change like in any given draw that that 45<00:09:35.880> person<00:09:36.420> still<00:09:36.779> has<00:09:36.899> 45<00:09:37.080> percent<00:09:37.740> uh<00:09:38.459> and 00:09:38.630 --> 00:09:38.640 align:start position:0% 45 person still has 45 percent uh and 00:09:38.640 --> 00:09:40.070 align:start position:0% 45 person still has 45 percent uh and then<00:09:38.700> you<00:09:38.880> can<00:09:39.000> look<00:09:39.120> do<00:09:39.360> sort<00:09:39.540> of<00:09:39.600> a<00:09:39.660> binomial 00:09:40.070 --> 00:09:40.080 align:start position:0% then you can look do sort of a binomial 00:09:40.080 --> 00:09:41.930 align:start position:0% then you can look do sort of a binomial distribution<00:09:40.500> calculation<00:09:41.040> and<00:09:41.580> look<00:09:41.640> at<00:09:41.760> the 00:09:41.930 --> 00:09:41.940 align:start position:0% distribution calculation and look at the 00:09:41.940 --> 00:09:43.910 align:start position:0% distribution calculation and look at the total<00:09:42.180> odds<00:09:42.540> that<00:09:42.899> the<00:09:43.140> you<00:09:43.380> know<00:09:43.500> like<00:09:43.620> a 00:09:43.910 --> 00:09:43.920 align:start position:0% total odds that the you know like a 00:09:43.920 --> 00:09:46.310 align:start position:0% total odds that the you know like a large<00:09:44.100> sticker<00:09:44.640> will<00:09:45.360> get<00:09:45.660> a<00:09:45.899> majority<00:09:46.140> of<00:09:46.260> the 00:09:46.310 --> 00:09:46.320 align:start position:0% large sticker will get a majority of the 00:09:46.320 --> 00:09:49.550 align:start position:0% large sticker will get a majority of the votes<00:09:46.560> on<00:09:46.680> a<00:09:46.740> given<00:09:46.980> case<00:09:47.180> uh<00:09:48.180> so<00:09:48.480> that's<00:09:48.899> an 00:09:49.550 --> 00:09:49.560 align:start position:0% votes on a given case uh so that's an 00:09:49.560 --> 00:09:51.949 align:start position:0% votes on a given case uh so that's an economic<00:09:49.980> security<00:09:50.160> system<00:09:51.000> uh<00:09:51.720> whose 00:09:51.949 --> 00:09:51.959 align:start position:0% economic security system uh whose 00:09:51.959 --> 00:09:53.329 align:start position:0% economic security system uh whose security<00:09:52.080> model<00:09:52.320> basically<00:09:52.680> boils<00:09:53.040> down<00:09:53.160> to 00:09:53.329 --> 00:09:53.339 align:start position:0% security model basically boils down to 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system<00:09:59.700> without<00:10:00.240> going<00:10:00.540> into<00:10:00.660> too<00:10:00.839> much<00:10:00.959> of 00:10:01.070 --> 00:10:01.080 align:start position:0% system without going into too much of 00:10:01.080 --> 00:10:02.269 align:start position:0% system without going into too much of the<00:10:01.140> details<00:10:01.440> you<00:10:01.620> can<00:10:01.740> get<00:10:01.920> larger<00:10:02.160> and 00:10:02.269 --> 00:10:02.279 align:start position:0% the details you can get larger and 00:10:02.279 --> 00:10:04.310 align:start position:0% the details you can get larger and larger<00:10:02.580> panels<00:10:02.880> of<00:10:03.060> jurors<00:10:03.420> and<00:10:03.959> particularly 00:10:04.310 --> 00:10:04.320 align:start position:0% larger panels of jurors and particularly 00:10:04.320 --> 00:10:05.570 align:start position:0% larger panels of jurors and particularly if<00:10:04.380> you<00:10:04.500> have<00:10:04.620> a<00:10:04.740> really<00:10:04.860> large<00:10:05.100> panel<00:10:05.459> of 00:10:05.570 --> 00:10:05.580 align:start position:0% if you have a really large panel of 00:10:05.580 --> 00:10:07.430 align:start position:0% if you have a really large panel of jurors<00:10:05.880> it<00:10:06.300> is<00:10:06.480> very<00:10:06.600> unlikely<00:10:07.080> that<00:10:07.200> anyone 00:10:07.430 --> 00:10:07.440 align:start position:0% jurors it is very unlikely that anyone 00:10:07.440 --> 00:10:08.449 align:start position:0% jurors it is very unlikely that anyone would<00:10:07.500> be<00:10:07.620> able<00:10:07.680> to<00:10:07.800> get<00:10:07.860> a<00:10:07.980> majority<00:10:08.220> of<00:10:08.339> the 00:10:08.449 --> 00:10:08.459 align:start position:0% would be able to get a majority of the 00:10:08.459 --> 00:10:09.769 align:start position:0% would be able to get a majority of the votes<00:10:08.760> on<00:10:08.820> that<00:10:08.940> panel<00:10:09.240> without<00:10:09.420> actually 00:10:09.769 --> 00:10:09.779 align:start position:0% votes on that panel without actually 00:10:09.779 --> 00:10:11.750 align:start position:0% votes on that panel without actually having<00:10:10.140> 50<00:10:10.380> of<00:10:10.800> the<00:10:10.920> stake 00:10:11.750 --> 00:10:11.760 align:start position:0% having 50 of the stake 00:10:11.760 --> 00:10:13.490 align:start position:0% having 50 of the stake okay<00:10:12.240> so<00:10:12.480> that's<00:10:12.600> like<00:10:12.720> a<00:10:12.779> purely<00:10:13.019> Economic 00:10:13.490 --> 00:10:13.500 align:start position:0% okay so that's like a purely Economic 00:10:13.500 --> 00:10:16.250 align:start position:0% okay so that's like a purely Economic Security<00:10:13.800> model<00:10:14.160> uh<00:10:15.000> quadratic<00:10:15.540> funding<00:10:15.899> my 00:10:16.250 --> 00:10:16.260 align:start position:0% Security model uh quadratic funding my 00:10:16.260 --> 00:10:18.590 align:start position:0% Security model uh quadratic funding my the<00:10:16.440> other<00:10:16.680> motivating<00:10:17.399> example<00:10:17.820> suppose<00:10:18.480> you 00:10:18.590 --> 00:10:18.600 align:start position:0% the other motivating example suppose you 00:10:18.600 --> 00:10:20.150 align:start position:0% the other motivating example suppose you have<00:10:18.779> different<00:10:19.080> participants<00:10:19.560> one<00:10:19.740> Decay 00:10:20.150 --> 00:10:20.160 align:start position:0% have different participants one Decay 00:10:20.160 --> 00:10:23.030 align:start position:0% have different participants one Decay and<00:10:20.459> they<00:10:20.580> submit<00:10:21.000> contributions<00:10:21.600> C1<00:10:22.380> to<00:10:22.680> CK 00:10:23.030 --> 00:10:23.040 align:start position:0% and they submit contributions C1 to CK 00:10:23.040 --> 00:10:25.850 align:start position:0% and they submit contributions C1 to CK uh<00:10:23.640> to<00:10:23.760> a<00:10:23.940> project<00:10:24.060> p<00:10:24.420> uh<00:10:25.200> and<00:10:25.380> then<00:10:25.440> the<00:10:25.680> idea 00:10:25.850 --> 00:10:25.860 align:start position:0% uh to a project p uh and then the idea 00:10:25.860 --> 00:10:26.990 align:start position:0% uh to a project p uh and then the idea here<00:10:26.040> is<00:10:26.100> for<00:10:26.459> those<00:10:26.580> of<00:10:26.700> you<00:10:26.820> who<00:10:26.880> aren't 00:10:26.990 --> 00:10:27.000 align:start position:0% here is for those of you who aren't 00:10:27.000 --> 00:10:28.850 align:start position:0% here is for those of you who aren't already<00:10:27.120> familiar<00:10:27.420> with<00:10:27.540> it<00:10:27.720> is<00:10:28.260> it<00:10:28.500> like 00:10:28.850 --> 00:10:28.860 align:start position:0% already familiar with it is it like 00:10:28.860 --> 00:10:30.829 align:start position:0% already familiar with it is it like quadratic<00:10:29.399> funding<00:10:29.760> is<00:10:30.000> used<00:10:30.180> often<00:10:30.540> to<00:10:30.660> kind 00:10:30.829 --> 00:10:30.839 align:start position:0% quadratic funding is used often to kind 00:10:30.839 --> 00:10:32.930 align:start position:0% quadratic funding is used often to kind of<00:10:30.899> kind<00:10:31.260> of<00:10:31.320> give<00:10:31.440> matching<00:10:31.860> grants<00:10:32.160> often 00:10:32.930 --> 00:10:32.940 align:start position:0% of kind of give matching grants often 00:10:32.940 --> 00:10:35.509 align:start position:0% of kind of give matching grants often for<00:10:33.060> public<00:10:33.240> goods<00:10:33.660> according<00:10:34.620> to<00:10:34.740> this 00:10:35.509 --> 00:10:35.519 align:start position:0% for public goods according to this 00:10:35.519 --> 00:10:38.329 align:start position:0% for public goods according to this formula<00:10:36.060> there<00:10:36.320> uh<00:10:37.320> and<00:10:37.680> you<00:10:37.860> might<00:10:38.040> look<00:10:38.220> like 00:10:38.329 --> 00:10:38.339 align:start position:0% formula there uh and you might look like 00:10:38.339 --> 00:10:39.530 align:start position:0% formula there uh and you might look like a<00:10:38.519> kind<00:10:38.580> of<00:10:38.700> strange<00:10:38.880> formula<00:10:39.240> if<00:10:39.300> you're<00:10:39.420> not 00:10:39.530 --> 00:10:39.540 align:start position:0% a kind of strange formula if you're not 00:10:39.540 --> 00:10:40.730 align:start position:0% a kind of strange formula if you're not previously<00:10:39.839> familiar<00:10:40.200> with<00:10:40.260> it<00:10:40.380> but<00:10:40.560> like 00:10:40.730 --> 00:10:40.740 align:start position:0% previously familiar with it but like 00:10:40.740 --> 00:10:42.850 align:start position:0% previously familiar with it but like notice<00:10:41.100> the<00:10:41.279> square<00:10:41.580> root<00:10:42.000> in<00:10:42.360> the<00:10:42.480> first<00:10:42.600> term 00:10:42.850 --> 00:10:42.860 align:start position:0% notice the square root in the first term 00:10:42.860 --> 00:10:45.350 align:start position:0% notice the square root in the first term it<00:10:43.860> basically<00:10:44.220> has<00:10:44.700> the<00:10:44.880> effect<00:10:45.000> that<00:10:45.240> if 00:10:45.350 --> 00:10:45.360 align:start position:0% it basically has the effect that if 00:10:45.360 --> 00:10:47.990 align:start position:0% it basically has the effect that if people<00:10:45.540> submit<00:10:45.959> a<00:10:46.200> lot<00:10:46.399> uh<00:10:47.399> then<00:10:47.700> their 00:10:47.990 --> 00:10:48.000 align:start position:0% people submit a lot uh then their 00:10:48.000 --> 00:10:49.670 align:start position:0% people submit a lot uh then their contribution<00:10:48.480> tapers<00:10:48.959> out<00:10:49.140> because<00:10:49.320> like 00:10:49.670 --> 00:10:49.680 align:start position:0% contribution tapers out because like 00:10:49.680 --> 00:10:51.350 align:start position:0% contribution tapers out because like square<00:10:49.980> roots<00:10:50.279> you<00:10:50.519> know<00:10:50.640> grow<00:10:50.880> a<00:10:51.120> lot<00:10:51.180> and 00:10:51.350 --> 00:10:51.360 align:start position:0% square roots you know grow a lot and 00:10:51.360 --> 00:10:54.410 align:start position:0% square roots you know grow a lot and then<00:10:51.480> kind<00:10:51.660> of<00:10:51.779> level<00:10:51.899> off<00:10:52.399> uh<00:10:53.399> so<00:10:54.000> one 00:10:54.410 --> 00:10:54.420 align:start position:0% then kind of level off uh so one 00:10:54.420 --> 00:10:55.850 align:start position:0% then kind of level off uh so one individual<00:10:54.779> who<00:10:54.959> submits<00:10:55.380> like<00:10:55.500> a<00:10:55.620> tremendous 00:10:55.850 --> 00:10:55.860 align:start position:0% individual who submits like a tremendous 00:10:55.860 --> 00:10:57.710 align:start position:0% individual who submits like a tremendous amount<00:10:55.980> of<00:10:56.160> contribution<00:10:56.519> doesn't<00:10:57.120> have<00:10:57.420> too 00:10:57.710 --> 00:10:57.720 align:start position:0% amount of contribution doesn't have too 00:10:57.720 --> 00:10:59.329 align:start position:0% amount of contribution doesn't have too big<00:10:57.899> an<00:10:58.079> effect<00:10:58.260> even<00:10:58.560> though<00:10:58.740> like<00:10:59.040> they're 00:10:59.329 --> 00:10:59.339 align:start position:0% big an effect even though like they're 00:10:59.339 --> 00:11:01.009 align:start position:0% big an effect even though like they're the<00:10:59.579> more<00:10:59.760> they<00:10:59.880> contribute<00:11:00.240> the<00:11:00.420> more<00:11:00.600> of<00:11:00.899> an 00:11:01.009 --> 00:11:01.019 align:start position:0% the more they contribute the more of an 00:11:01.019 --> 00:11:03.590 align:start position:0% the more they contribute the more of an effect<00:11:01.140> they<00:11:01.380> have<00:11:01.700> with<00:11:02.700> better<00:11:03.000> to<00:11:03.300> get<00:11:03.420> a 00:11:03.590 --> 00:11:03.600 align:start position:0% effect they have with better to get a 00:11:03.600 --> 00:11:05.630 align:start position:0% effect they have with better to get a big<00:11:03.839> matching<00:11:04.440> Grant<00:11:04.740> is<00:11:04.920> to<00:11:05.100> have<00:11:05.279> lots<00:11:05.579> of 00:11:05.630 --> 00:11:05.640 align:start position:0% big matching Grant is to have lots of 00:11:05.640 --> 00:11:07.069 align:start position:0% big matching Grant is to have lots of people<00:11:05.820> contribute<00:11:06.300> because<00:11:06.600> each<00:11:06.899> person 00:11:07.069 --> 00:11:07.079 align:start position:0% people contribute because each person 00:11:07.079 --> 00:11:08.930 align:start position:0% people contribute because each person contributing<00:11:07.680> gives<00:11:08.100> you<00:11:08.220> an<00:11:08.339> extra<00:11:08.459> term<00:11:08.700> in 00:11:08.930 --> 00:11:08.940 align:start position:0% contributing gives you an extra term in 00:11:08.940 --> 00:11:11.569 align:start position:0% contributing gives you an extra term in this<00:11:09.060> sum<00:11:09.779> uh<00:11:10.680> and<00:11:10.920> then<00:11:11.040> as<00:11:11.160> an<00:11:11.339> example 00:11:11.569 --> 00:11:11.579 align:start position:0% this sum uh and then as an example 00:11:11.579 --> 00:11:13.550 align:start position:0% this sum uh and then as an example suppose<00:11:12.240> on<00:11:12.420> the<00:11:12.540> left 00:11:13.550 --> 00:11:13.560 align:start position:0% suppose on the left 00:11:13.560 --> 00:11:15.230 align:start position:0% suppose on the left um<00:11:13.620> we<00:11:13.920> have<00:11:14.100> someone<00:11:14.399> with<00:11:14.700> you<00:11:15.060> know<00:11:15.120> an 00:11:15.230 --> 00:11:15.240 align:start position:0% um we have someone with you know an 00:11:15.240 --> 00:11:16.910 align:start position:0% um we have someone with you know an Innovative<00:11:15.600> ethereum<00:11:16.140> project<00:11:16.380> that<00:11:16.620> wants<00:11:16.860> a 00:11:16.910 --> 00:11:16.920 align:start position:0% Innovative ethereum project that wants a 00:11:16.920 --> 00:11:18.410 align:start position:0% Innovative ethereum project that wants a public<00:11:17.100> that's<00:11:17.459> a<00:11:17.640> public<00:11:17.760> good<00:11:17.940> and<00:11:18.060> wants<00:11:18.360> a 00:11:18.410 --> 00:11:18.420 align:start position:0% public that's a public good and wants a 00:11:18.420 --> 00:11:19.670 align:start position:0% public that's a public good and wants a grant<00:11:18.600> and<00:11:18.839> on<00:11:18.959> the<00:11:19.079> right<00:11:19.140> we<00:11:19.320> have<00:11:19.440> like<00:11:19.560> a 00:11:19.670 --> 00:11:19.680 align:start position:0% grant and on the right we have like a 00:11:19.680 --> 00:11:21.650 align:start position:0% grant and on the right we have like a fake<00:11:19.860> proposal<00:11:20.279> by<00:11:20.760> someone<00:11:21.000> who's<00:11:21.300> just<00:11:21.540> like 00:11:21.650 --> 00:11:21.660 align:start position:0% fake proposal by someone who's just like 00:11:21.660 --> 00:11:23.630 align:start position:0% fake proposal by someone who's just like please<00:11:22.019> give<00:11:22.260> me<00:11:22.440> a<00:11:22.680> grant<00:11:22.920> but<00:11:23.220> I'm<00:11:23.339> not<00:11:23.519> going 00:11:23.630 --> 00:11:23.640 align:start position:0% please give me a grant but I'm not going 00:11:23.640 --> 00:11:26.090 align:start position:0% please give me a grant but I'm not going to<00:11:23.760> do<00:11:23.880> anything<00:11:24.079> uh<00:11:25.079> and<00:11:25.260> the<00:11:25.500> person<00:11:25.620> on<00:11:26.040> the 00:11:26.090 --> 00:11:26.100 align:start position:0% to do anything uh and the person on the 00:11:26.100 --> 00:11:28.009 align:start position:0% to do anything uh and the person on the left<00:11:26.220> you<00:11:26.820> know<00:11:26.940> they<00:11:27.060> get<00:11:27.240> contributions 00:11:28.009 --> 00:11:28.019 align:start position:0% left you know they get contributions 00:11:28.019 --> 00:11:29.930 align:start position:0% left you know they get contributions from<00:11:28.200> a<00:11:28.320> lot<00:11:28.380> of<00:11:28.440> different<00:11:28.620> people<00:11:28.980> uh<00:11:29.820> and 00:11:29.930 --> 00:11:29.940 align:start position:0% from a lot of different people uh and 00:11:29.940 --> 00:11:31.130 align:start position:0% from a lot of different people uh and you<00:11:30.000> notice<00:11:30.240> they<00:11:30.360> get<00:11:30.480> like<00:11:30.660> a<00:11:30.779> pretty<00:11:30.959> good 00:11:31.130 --> 00:11:31.140 align:start position:0% you notice they get like a pretty good 00:11:31.140 --> 00:11:32.990 align:start position:0% you notice they get like a pretty good total<00:11:31.500> subsidy<00:11:31.980> whereas<00:11:32.459> the<00:11:32.519> person<00:11:32.700> on<00:11:32.880> the 00:11:32.990 --> 00:11:33.000 align:start position:0% total subsidy whereas the person on the 00:11:33.000 --> 00:11:35.269 align:start position:0% total subsidy whereas the person on the right<00:11:33.120> is<00:11:33.540> the<00:11:33.720> only<00:11:33.839> person<00:11:34.079> that<00:11:34.380> he's<00:11:34.800> he<00:11:35.100> is 00:11:35.269 --> 00:11:35.279 align:start position:0% right is the only person that he's he is 00:11:35.279 --> 00:11:36.590 align:start position:0% right is the only person that he's he is the<00:11:35.459> only<00:11:35.519> person<00:11:35.700> that<00:11:35.880> contributes<00:11:36.240> to<00:11:36.420> his 00:11:36.590 --> 00:11:36.600 align:start position:0% the only person that contributes to his 00:11:36.600 --> 00:11:38.449 align:start position:0% the only person that contributes to his proposal<00:11:37.079> uh<00:11:37.620> and<00:11:37.740> you<00:11:37.860> notice<00:11:38.100> that<00:11:38.220> his 00:11:38.449 --> 00:11:38.459 align:start position:0% proposal uh and you notice that his 00:11:38.459 --> 00:11:41.090 align:start position:0% proposal uh and you notice that his total<00:11:38.700> subsidy<00:11:39.120> is<00:11:39.180> zero<00:11:39.500> uh<00:11:40.500> and<00:11:40.740> generally 00:11:41.090 --> 00:11:41.100 align:start position:0% total subsidy is zero uh and generally 00:11:41.100 --> 00:11:42.949 align:start position:0% total subsidy is zero uh and generally if<00:11:41.339> only<00:11:41.640> one<00:11:41.940> person<00:11:42.120> contributes<00:11:42.600> to<00:11:42.779> a 00:11:42.949 --> 00:11:42.959 align:start position:0% if only one person contributes to a 00:11:42.959 --> 00:11:45.530 align:start position:0% if only one person contributes to a given<00:11:43.200> proposal<00:11:43.560> the<00:11:43.800> subsidy<00:11:44.399> is<00:11:44.519> zero<00:11:45.120> uh 00:11:45.530 --> 00:11:45.540 align:start position:0% given proposal the subsidy is zero uh 00:11:45.540 --> 00:11:48.170 align:start position:0% given proposal the subsidy is zero uh but<00:11:45.720> this<00:11:45.899> depends<00:11:46.440> on<00:11:46.980> having<00:11:47.279> a<00:11:47.700> good<00:11:47.820> proof 00:11:48.170 --> 00:11:48.180 align:start position:0% but this depends on having a good proof 00:11:48.180 --> 00:11:50.269 align:start position:0% but this depends on having a good proof of<00:11:48.240> person<00:11:48.420> to<00:11:48.600> the<00:11:48.779> scheme<00:11:49.079> uh<00:11:49.800> and<00:11:50.040> you<00:11:50.220> can 00:11:50.269 --> 00:11:50.279 align:start position:0% of person to the scheme uh and you can 00:11:50.279 --> 00:11:51.590 align:start position:0% of person to the scheme uh and you can imagine<00:11:50.399> if<00:11:50.700> your<00:11:50.820> proof<00:11:51.120> of<00:11:51.180> a<00:11:51.300> person<00:11:51.360> this 00:11:51.590 --> 00:11:51.600 align:start position:0% imagine if your proof of a person this 00:11:51.600 --> 00:11:53.750 align:start position:0% imagine if your proof of a person this game<00:11:51.720> was<00:11:51.899> broken<00:11:52.079> then<00:11:52.740> the<00:11:52.980> attacker<00:11:53.339> can 00:11:53.750 --> 00:11:53.760 align:start position:0% game was broken then the attacker can 00:11:53.760 --> 00:11:55.190 align:start position:0% game was broken then the attacker can like<00:11:54.000> pretend<00:11:54.360> to<00:11:54.480> be<00:11:54.600> and<00:11:54.779> different<00:11:55.019> people 00:11:55.190 --> 00:11:55.200 align:start position:0% like pretend to be and different people 00:11:55.200 --> 00:11:57.350 align:start position:0% like pretend to be and different people each<00:11:55.980> making<00:11:56.220> a<00:11:56.459> small<00:11:56.579> contribution<00:11:57.000> instead 00:11:57.350 --> 00:11:57.360 align:start position:0% each making a small contribution instead 00:11:57.360 --> 00:11:58.250 align:start position:0% each making a small contribution instead of<00:11:57.420> one<00:11:57.540> person<00:11:57.720> making<00:11:57.959> a<00:11:58.200> large 00:11:58.250 --> 00:11:58.260 align:start position:0% of one person making a large 00:11:58.260 --> 00:12:00.470 align:start position:0% of one person making a large contribution<00:11:58.740> uh<00:11:59.459> and<00:11:59.640> can<00:11:59.820> basically<00:12:00.120> steal 00:12:00.470 --> 00:12:00.480 align:start position:0% contribution uh and can basically steal 00:12:00.480 --> 00:12:02.870 align:start position:0% contribution uh and can basically steal the<00:12:00.720> subsidy<00:12:01.260> pool 00:12:02.870 --> 00:12:02.880 align:start position:0% the subsidy pool 00:12:02.880 --> 00:12:04.370 align:start position:0% the subsidy pool um<00:12:03.000> so<00:12:03.240> your<00:12:03.420> security<00:12:03.600> model<00:12:03.839> is<00:12:04.019> your<00:12:04.140> proof 00:12:04.370 --> 00:12:04.380 align:start position:0% um so your security model is your proof 00:12:04.380 --> 00:12:05.710 align:start position:0% um so your security model is your proof of<00:12:04.440> person<00:12:04.560> it's<00:12:04.740> game<00:12:04.920> needs<00:12:05.160> to<00:12:05.160> be<00:12:05.279> secure 00:12:05.710 --> 00:12:05.720 align:start position:0% of person it's game needs to be secure 00:12:05.720 --> 00:12:09.410 align:start position:0% of person it's game needs to be secure uh<00:12:06.720> now<00:12:07.320> what<00:12:08.160> if<00:12:08.339> I<00:12:08.459> consider<00:12:08.700> jury<00:12:09.060> selection 00:12:09.410 --> 00:12:09.420 align:start position:0% uh now what if I consider jury selection 00:12:09.420 --> 00:12:12.290 align:start position:0% uh now what if I consider jury selection in<00:12:09.600> Claro's<00:12:10.339> with<00:12:11.339> a<00:12:11.579> proof<00:12:11.820> of<00:12:11.880> person<00:12:12.060> at 00:12:12.290 --> 00:12:12.300 align:start position:0% in Claro's with a proof of person at 00:12:12.300 --> 00:12:14.030 align:start position:0% in Claro's with a proof of person at scheme<00:12:12.540> where<00:12:12.660> each<00:12:12.899> person<00:12:13.140> can<00:12:13.620> only<00:12:13.740> each 00:12:14.030 --> 00:12:14.040 align:start position:0% scheme where each person can only each 00:12:14.040 --> 00:12:16.069 align:start position:0% scheme where each person can only each person<00:12:14.160> has<00:12:14.399> to<00:12:14.579> be<00:12:14.640> on<00:12:14.940> proof<00:12:15.480> of<00:12:15.540> humanity<00:12:15.899> or 00:12:16.069 --> 00:12:16.079 align:start position:0% person has to be on proof of humanity or 00:12:16.079 --> 00:12:17.569 align:start position:0% person has to be on proof of humanity or president's<00:12:16.680> game<00:12:16.800> in<00:12:16.920> order<00:12:17.040> to<00:12:17.160> be<00:12:17.279> drawn 00:12:17.569 --> 00:12:17.579 align:start position:0% president's game in order to be drawn 00:12:17.579 --> 00:12:20.449 align:start position:0% president's game in order to be drawn and<00:12:17.880> you<00:12:18.000> can<00:12:18.060> only<00:12:18.180> be<00:12:18.300> drawn<00:12:18.600> once<00:12:18.920> uh<00:12:19.920> then 00:12:20.449 --> 00:12:20.459 align:start position:0% and you can only be drawn once uh then 00:12:20.459 --> 00:12:22.250 align:start position:0% and you can only be drawn once uh then the<00:12:21.180> first<00:12:21.240> draw<00:12:21.480> and<00:12:21.779> kind<00:12:21.899> of<00:12:21.959> the<00:12:22.079> same<00:12:22.140> as 00:12:22.250 --> 00:12:22.260 align:start position:0% the first draw and kind of the same as 00:12:22.260 --> 00:12:25.610 align:start position:0% the first draw and kind of the same as before<00:12:22.760> uh<00:12:23.760> so<00:12:23.940> maybe<00:12:24.120> the<00:12:24.300> the<00:12:24.420> 45<00:12:24.600> dude<00:12:25.260> gets 00:12:25.610 --> 00:12:25.620 align:start position:0% before uh so maybe the the 45 dude gets 00:12:25.620 --> 00:12:28.550 align:start position:0% before uh so maybe the the 45 dude gets a<00:12:25.800> draw<00:12:26.000> uh<00:12:27.000> and<00:12:27.300> but<00:12:27.540> then<00:12:27.720> he<00:12:28.019> can't<00:12:28.140> be<00:12:28.320> drawn 00:12:28.550 --> 00:12:28.560 align:start position:0% a draw uh and but then he can't be drawn 00:12:28.560 --> 00:12:30.050 align:start position:0% a draw uh and but then he can't be drawn against<00:12:28.680> everybody<00:12:29.040> else's<00:12:29.399> odds<00:12:29.700> go<00:12:29.820> up<00:12:29.940> and 00:12:30.050 --> 00:12:30.060 align:start position:0% against everybody else's odds go up and 00:12:30.060 --> 00:12:31.670 align:start position:0% against everybody else's odds go up and you<00:12:30.240> necessarily<00:12:30.779> draw<00:12:31.079> three<00:12:31.440> different 00:12:31.670 --> 00:12:31.680 align:start position:0% you necessarily draw three different 00:12:31.680 --> 00:12:33.530 align:start position:0% you necessarily draw three different people<00:12:31.920> and<00:12:32.519> the<00:12:32.700> overall<00:12:32.940> odds<00:12:33.240> of<00:12:33.300> anyone 00:12:33.530 --> 00:12:33.540 align:start position:0% people and the overall odds of anyone 00:12:33.540 --> 00:12:35.990 align:start position:0% people and the overall odds of anyone getting<00:12:33.660> more<00:12:33.839> than<00:12:33.959> two<00:12:34.079> spots<00:12:34.440> is<00:12:34.760> zero<00:12:35.760> what 00:12:35.990 --> 00:12:36.000 align:start position:0% getting more than two spots is zero what 00:12:36.000 --> 00:12:37.550 align:start position:0% getting more than two spots is zero what happens<00:12:36.180> if<00:12:36.360> I<00:12:36.480> have<00:12:36.600> an<00:12:36.779> insecure<00:12:37.200> proof<00:12:37.500> of 00:12:37.550 --> 00:12:37.560 align:start position:0% happens if I have an insecure proof of 00:12:37.560 --> 00:12:39.110 align:start position:0% happens if I have an insecure proof of person<00:12:37.680> at<00:12:37.920> scheme<00:12:38.279> like<00:12:38.640> take<00:12:38.940> the 00:12:39.110 --> 00:12:39.120 align:start position:0% person at scheme like take the 00:12:39.120 --> 00:12:40.310 align:start position:0% person at scheme like take the pessimistic<00:12:39.600> case<00:12:39.720> someone<00:12:39.899> just<00:12:40.079> completely 00:12:40.310 --> 00:12:40.320 align:start position:0% pessimistic case someone just completely 00:12:40.320 --> 00:12:41.870 align:start position:0% pessimistic case someone just completely breaks<00:12:40.620> proof<00:12:40.920> of<00:12:40.980> personhood<00:12:41.339> and<00:12:41.820> the 00:12:41.870 --> 00:12:41.880 align:start position:0% breaks proof of personhood and the 00:12:41.880 --> 00:12:43.850 align:start position:0% breaks proof of personhood and the attacker<00:12:42.180> has<00:12:42.360> tons<00:12:42.540> of<00:12:42.720> profiles<00:12:43.200> uh<00:12:43.680> then 00:12:43.850 --> 00:12:43.860 align:start position:0% attacker has tons of profiles uh then 00:12:43.860 --> 00:12:46.129 align:start position:0% attacker has tons of profiles uh then the<00:12:43.980> first<00:12:44.100> draw<00:12:44.339> well<00:12:44.700> nothing<00:12:45.360> happens<00:12:45.660> and 00:12:46.129 --> 00:12:46.139 align:start position:0% the first draw well nothing happens and 00:12:46.139 --> 00:12:47.329 align:start position:0% the first draw well nothing happens and the<00:12:46.260> attacker<00:12:46.560> can<00:12:46.680> be<00:12:46.740> drawn<00:12:46.980> more<00:12:47.100> than<00:12:47.160> once 00:12:47.329 --> 00:12:47.339 align:start position:0% the attacker can be drawn more than once 00:12:47.339 --> 00:12:48.650 align:start position:0% the attacker can be drawn more than once because<00:12:47.519> he<00:12:47.700> has<00:12:47.820> all<00:12:48.000> these<00:12:48.120> profiles<00:12:48.480> and<00:12:48.540> he 00:12:48.650 --> 00:12:48.660 align:start position:0% because he has all these profiles and he 00:12:48.660 --> 00:12:49.790 align:start position:0% because he has all these profiles and he probably<00:12:48.839> cut<00:12:48.959> up<00:12:49.139> his<00:12:49.260> stake<00:12:49.440> into<00:12:49.560> different 00:12:49.790 --> 00:12:49.800 align:start position:0% probably cut up his stake into different 00:12:49.800 --> 00:12:51.710 align:start position:0% probably cut up his stake into different profiles<00:12:50.339> so<00:12:50.760> the<00:12:50.940> attacker<00:12:51.300> is<00:12:51.420> still<00:12:51.600> in 00:12:51.710 --> 00:12:51.720 align:start position:0% profiles so the attacker is still in 00:12:51.720 --> 00:12:54.110 align:start position:0% profiles so the attacker is still in this<00:12:51.899> pool<00:12:52.079> somebody<00:12:52.620> else<00:12:52.860> gets<00:12:53.220> drawn<00:12:53.459> and 00:12:54.110 --> 00:12:54.120 align:start position:0% this pool somebody else gets drawn and 00:12:54.120 --> 00:12:55.850 align:start position:0% this pool somebody else gets drawn and now<00:12:54.480> she<00:12:54.779> can't<00:12:54.899> be<00:12:55.019> drawn<00:12:55.320> again<00:12:55.440> because<00:12:55.620> she 00:12:55.850 --> 00:12:55.860 align:start position:0% now she can't be drawn again because she 00:12:55.860 --> 00:12:58.250 align:start position:0% now she can't be drawn again because she only<00:12:55.980> had<00:12:56.160> one<00:12:56.399> profile<00:12:56.839> uh<00:12:57.839> and<00:12:58.079> so<00:12:58.139> the 00:12:58.250 --> 00:12:58.260 align:start position:0% only had one profile uh and so the 00:12:58.260 --> 00:12:59.389 align:start position:0% only had one profile uh and so the attacker's<00:12:58.680> odds<00:12:58.920> and<00:12:59.040> everybody<00:12:59.160> else's 00:12:59.389 --> 00:12:59.399 align:start position:0% attacker's odds and everybody else's 00:12:59.399 --> 00:13:01.610 align:start position:0% attacker's odds and everybody else's odds<00:12:59.700> go<00:12:59.820> up<00:12:59.940> a<00:13:00.000> little<00:13:00.120> bit<00:13:00.240> uh<00:13:01.019> and<00:13:01.260> then<00:13:01.380> on 00:13:01.610 --> 00:13:01.620 align:start position:0% odds go up a little bit uh and then on 00:13:01.620 --> 00:13:03.290 align:start position:0% odds go up a little bit uh and then on the<00:13:01.680> last<00:13:01.860> Hospital<00:13:02.220> the<00:13:02.639> attacker<00:13:03.000> has<00:13:03.120> a 00:13:03.290 --> 00:13:03.300 align:start position:0% the last Hospital the attacker has a 00:13:03.300 --> 00:13:04.430 align:start position:0% the last Hospital the attacker has a slightly<00:13:03.540> higher<00:13:03.839> chance<00:13:03.959> than<00:13:04.139> he<00:13:04.320> did 00:13:04.430 --> 00:13:04.440 align:start position:0% slightly higher chance than he did 00:13:04.440 --> 00:13:06.769 align:start position:0% slightly higher chance than he did before<00:13:04.560> of<00:13:04.860> getting<00:13:05.120> more<00:13:06.120> than<00:13:06.240> half<00:13:06.420> of<00:13:06.660> the 00:13:06.769 --> 00:13:06.779 align:start position:0% before of getting more than half of the 00:13:06.779 --> 00:13:08.930 align:start position:0% before of getting more than half of the votes<00:13:07.139> but<00:13:08.040> what's<00:13:08.160> interesting<00:13:08.519> here<00:13:08.639> is 00:13:08.930 --> 00:13:08.940 align:start position:0% votes but what's interesting here is 00:13:08.940 --> 00:13:10.730 align:start position:0% votes but what's interesting here is that<00:13:09.120> it<00:13:09.300> didn't<00:13:09.660> like<00:13:09.899> he<00:13:10.139> broke<00:13:10.440> completely 00:13:10.730 --> 00:13:10.740 align:start position:0% that it didn't like he broke completely 00:13:10.740 --> 00:13:11.810 align:start position:0% that it didn't like he broke completely broke<00:13:10.920> the<00:13:10.980> proof<00:13:11.160> of<00:13:11.220> person<00:13:11.399> in<00:13:11.579> this<00:13:11.639> game 00:13:11.810 --> 00:13:11.820 align:start position:0% broke the proof of person in this game 00:13:11.820 --> 00:13:14.810 align:start position:0% broke the proof of person in this game but<00:13:12.600> still<00:13:13.260> doesn't<00:13:13.620> completely<00:13:14.220> break<00:13:14.519> this 00:13:14.810 --> 00:13:14.820 align:start position:0% but still doesn't completely break this 00:13:14.820 --> 00:13:16.370 align:start position:0% but still doesn't completely break this security<00:13:15.120> it's<00:13:15.779> not<00:13:15.959> like<00:13:16.079> he<00:13:16.200> has<00:13:16.320> an 00:13:16.370 --> 00:13:16.380 align:start position:0% security it's not like he has an 00:13:16.380 --> 00:13:17.509 align:start position:0% security it's not like he has an overwhelming<00:13:16.740> chance<00:13:16.920> of<00:13:17.040> getting<00:13:17.220> all<00:13:17.399> the 00:13:17.509 --> 00:13:17.519 align:start position:0% overwhelming chance of getting all the 00:13:17.519 --> 00:13:19.730 align:start position:0% overwhelming chance of getting all the votes<00:13:17.880> uh<00:13:18.480> so<00:13:18.600> the<00:13:18.779> security<00:13:18.899> model<00:13:19.200> here<00:13:19.500> is 00:13:19.730 --> 00:13:19.740 align:start position:0% votes uh so the security model here is 00:13:19.740 --> 00:13:21.050 align:start position:0% votes uh so the security model here is that<00:13:19.860> either<00:13:20.040> your<00:13:20.220> proof<00:13:20.459> of<00:13:20.519> person<00:13:20.700> needs 00:13:21.050 --> 00:13:21.060 align:start position:0% that either your proof of person needs 00:13:21.060 --> 00:13:23.870 align:start position:0% that either your proof of person needs to<00:13:21.300> be<00:13:21.420> secure<00:13:21.920> or<00:13:22.920> No<00:13:23.160> One<00:13:23.279> controls<00:13:23.760> more 00:13:23.870 --> 00:13:23.880 align:start position:0% to be secure or No One controls more 00:13:23.880 --> 00:13:26.150 align:start position:0% to be secure or No One controls more than<00:13:24.000> x<00:13:24.240> percent<00:13:24.480> of<00:13:24.720> the<00:13:24.839> stake<00:13:25.260> well<00:13:25.920> what's 00:13:26.150 --> 00:13:26.160 align:start position:0% than x percent of the stake well what's 00:13:26.160 --> 00:13:28.370 align:start position:0% than x percent of the stake well what's X<00:13:26.399> it<00:13:26.700> depends<00:13:27.060> exactly<00:13:27.420> on<00:13:27.600> how<00:13:27.899> many<00:13:28.019> jury 00:13:28.370 --> 00:13:28.380 align:start position:0% X it depends exactly on how many jury 00:13:28.380 --> 00:13:29.569 align:start position:0% X it depends exactly on how many jury spots<00:13:28.800> there<00:13:28.860> are<00:13:28.980> in<00:13:29.100> the<00:13:29.220> distribution<00:13:29.399> of 00:13:29.569 --> 00:13:29.579 align:start position:0% spots there are in the distribution of 00:13:29.579 --> 00:13:31.310 align:start position:0% spots there are in the distribution of the<00:13:29.700> other<00:13:29.820> stickers<00:13:30.240> if<00:13:30.720> you<00:13:30.899> have<00:13:31.019> like<00:13:31.139> a 00:13:31.310 --> 00:13:31.320 align:start position:0% the other stickers if you have like a 00:13:31.320 --> 00:13:32.810 align:start position:0% the other stickers if you have like a handful<00:13:31.560> of<00:13:31.680> whales<00:13:32.100> in<00:13:32.220> your<00:13:32.339> staking<00:13:32.579> pool 00:13:32.810 --> 00:13:32.820 align:start position:0% handful of whales in your staking pool 00:13:32.820 --> 00:13:34.250 align:start position:0% handful of whales in your staking pool then<00:13:33.180> when<00:13:33.360> you<00:13:33.480> remove<00:13:33.660> one<00:13:33.899> of<00:13:34.019> them<00:13:34.079> the 00:13:34.250 --> 00:13:34.260 align:start position:0% then when you remove one of them the 00:13:34.260 --> 00:13:36.170 align:start position:0% then when you remove one of them the attacker's<00:13:34.680> odds<00:13:34.860> go<00:13:34.920> up<00:13:35.040> a<00:13:35.160> lot<00:13:35.279> but<00:13:35.940> if<00:13:36.060> your 00:13:36.170 --> 00:13:36.180 align:start position:0% attacker's odds go up a lot but if your 00:13:36.180 --> 00:13:37.370 align:start position:0% attacker's odds go up a lot but if your staking<00:13:36.360> pool<00:13:36.540> is<00:13:36.720> really<00:13:36.899> well<00:13:37.019> distributed 00:13:37.370 --> 00:13:37.380 align:start position:0% staking pool is really well distributed 00:13:37.380 --> 00:13:38.930 align:start position:0% staking pool is really well distributed it<00:13:37.620> has<00:13:37.740> lots<00:13:37.980> of<00:13:38.040> people<00:13:38.160> with<00:13:38.399> small<00:13:38.579> Stakes 00:13:38.930 --> 00:13:38.940 align:start position:0% it has lots of people with small Stakes 00:13:38.940 --> 00:13:42.410 align:start position:0% it has lots of people with small Stakes then<00:13:39.600> X<00:13:39.959> can<00:13:40.260> approach<00:13:40.680> 50<00:13:40.980> percent<00:13:41.339> uh<00:13:42.240> where 00:13:42.410 --> 00:13:42.420 align:start position:0% then X can approach 50 percent uh where 00:13:42.420 --> 00:13:44.030 align:start position:0% then X can approach 50 percent uh where the<00:13:42.600> attacker<00:13:42.899> needs<00:13:43.139> as<00:13:43.260> much<00:13:43.440> resources<00:13:43.980> as 00:13:44.030 --> 00:13:44.040 align:start position:0% the attacker needs as much resources as 00:13:44.040 --> 00:13:45.769 align:start position:0% the attacker needs as much resources as he<00:13:44.399> did<00:13:44.519> under<00:13:44.760> the<00:13:44.940> model<00:13:45.060> without<00:13:45.300> proof<00:13:45.720> of 00:13:45.769 --> 00:13:45.779 align:start position:0% he did under the model without proof of 00:13:45.779 --> 00:13:47.870 align:start position:0% he did under the model without proof of personhood<00:13:46.139> so<00:13:46.620> these<00:13:46.860> like<00:13:46.980> economic<00:13:47.700> and 00:13:47.870 --> 00:13:47.880 align:start position:0% personhood so these like economic and 00:13:47.880 --> 00:13:50.629 align:start position:0% personhood so these like economic and social<00:13:48.120> layers<00:13:48.600> layer<00:13:49.500> together<00:13:49.740> and<00:13:50.399> don't 00:13:50.629 --> 00:13:50.639 align:start position:0% social layers layer together and don't 00:13:50.639 --> 00:13:52.550 align:start position:0% social layers layer together and don't like<00:13:51.240> only<00:13:51.420> slightly<00:13:51.899> kind<00:13:52.019> of<00:13:52.139> dilute<00:13:52.440> the 00:13:52.550 --> 00:13:52.560 align:start position:0% like only slightly kind of dilute the 00:13:52.560 --> 00:13:55.129 align:start position:0% like only slightly kind of dilute the security<00:13:52.740> of<00:13:53.040> one<00:13:53.160> another<00:13:53.339> and<00:13:54.120> add<00:13:54.360> multiple 00:13:55.129 --> 00:13:55.139 align:start position:0% security of one another and add multiple 00:13:55.139 --> 00:13:56.569 align:start position:0% security of one another and add multiple layers<00:13:55.440> of<00:13:55.680> you<00:13:55.860> know<00:13:55.920> different<00:13:56.100> kinds<00:13:56.519> of 00:13:56.569 --> 00:13:56.579 align:start position:0% layers of you know different kinds of 00:13:56.579 --> 00:13:58.190 align:start position:0% layers of you know different kinds of security<00:13:56.820> without<00:13:57.180> having<00:13:57.480> to<00:13:57.600> choose<00:13:57.899> am<00:13:58.079> I 00:13:58.190 --> 00:13:58.200 align:start position:0% security without having to choose am I 00:13:58.200 --> 00:14:00.050 align:start position:0% security without having to choose am I going<00:13:58.380> to<00:13:58.500> like<00:13:58.740> have<00:13:59.040> a<00:13:59.279> Social<00:13:59.459> Security<00:13:59.760> or 00:14:00.050 --> 00:14:00.060 align:start position:0% going to like have a Social Security or 00:14:00.060 --> 00:14:02.329 align:start position:0% going to like have a Social Security or Economic<00:14:00.540> Security<00:14:00.720> so<00:14:01.320> that's<00:14:01.440> really<00:14:01.620> nice 00:14:02.329 --> 00:14:02.339 align:start position:0% Economic Security so that's really nice 00:14:02.339 --> 00:14:05.690 align:start position:0% Economic Security so that's really nice uh<00:14:03.180> so<00:14:03.420> now<00:14:03.720> like<00:14:04.139> an<00:14:04.320> extension<00:14:04.680> of<00:14:04.860> this<00:14:05.040> that 00:14:05.690 --> 00:14:05.700 align:start position:0% uh so now like an extension of this that 00:14:05.700 --> 00:14:07.129 align:start position:0% uh so now like an extension of this that we're<00:14:06.060> interested<00:14:06.360> in<00:14:06.480> and<00:14:06.660> research<00:14:07.019> doing 00:14:07.129 --> 00:14:07.139 align:start position:0% we're interested in and research doing 00:14:07.139 --> 00:14:08.690 align:start position:0% we're interested in and research doing research<00:14:07.440> on<00:14:07.560> is<00:14:07.980> what<00:14:08.160> if<00:14:08.279> you<00:14:08.339> try<00:14:08.459> to<00:14:08.579> wait 00:14:08.690 --> 00:14:08.700 align:start position:0% research on is what if you try to wait 00:14:08.700 --> 00:14:10.310 align:start position:0% research on is what if you try to wait people<00:14:08.880> by<00:14:09.060> sbts<00:14:09.720> can<00:14:09.899> you<00:14:10.079> do<00:14:10.200> something 00:14:10.310 --> 00:14:10.320 align:start position:0% people by sbts can you do something 00:14:10.320 --> 00:14:12.170 align:start position:0% people by sbts can you do something that's<00:14:10.620> kind<00:14:10.980> of<00:14:11.100> like<00:14:11.220> this<00:14:11.519> pulling<00:14:12.060> in 00:14:12.170 --> 00:14:12.180 align:start position:0% that's kind of like this pulling in 00:14:12.180 --> 00:14:13.670 align:start position:0% that's kind of like this pulling in Social<00:14:12.360> information<00:14:12.660> but<00:14:13.019> with<00:14:13.200> an<00:14:13.380> even<00:14:13.560> more 00:14:13.670 --> 00:14:13.680 align:start position:0% Social information but with an even more 00:14:13.680 --> 00:14:14.750 align:start position:0% Social information but with an even more Rich<00:14:13.920> way 00:14:14.750 --> 00:14:14.760 align:start position:0% Rich way 00:14:14.760 --> 00:14:16.790 align:start position:0% Rich way uh<00:14:15.480> so<00:14:15.779> here<00:14:15.899> people<00:14:16.139> have<00:14:16.380> different<00:14:16.560> kinds 00:14:16.790 --> 00:14:16.800 align:start position:0% uh so here people have different kinds 00:14:16.800 --> 00:14:19.009 align:start position:0% uh so here people have different kinds of<00:14:16.860> sbts<00:14:17.519> some<00:14:17.940> people<00:14:18.120> have<00:14:18.300> a<00:14:18.420> diploma<00:14:18.779> from 00:14:19.009 --> 00:14:19.019 align:start position:0% of sbts some people have a diploma from 00:14:19.019 --> 00:14:20.870 align:start position:0% of sbts some people have a diploma from there<00:14:19.139> that<00:14:19.320> blockchain<00:14:19.740> course<00:14:20.220> other 00:14:20.870 --> 00:14:20.880 align:start position:0% there that blockchain course other 00:14:20.880 --> 00:14:22.610 align:start position:0% there that blockchain course other people<00:14:21.180> got<00:14:21.660> their<00:14:21.779> pull-up<00:14:22.139> from<00:14:22.260> devcons 00:14:22.610 --> 00:14:22.620 align:start position:0% people got their pull-up from devcons 00:14:22.620 --> 00:14:24.769 align:start position:0% people got their pull-up from devcons and<00:14:22.920> people<00:14:22.980> will<00:14:23.160> want<00:14:23.399> to<00:14:23.579> contest<00:14:24.060> want<00:14:24.600> a 00:14:24.769 --> 00:14:24.779 align:start position:0% and people will want to contest want a 00:14:24.779 --> 00:14:26.870 align:start position:0% and people will want to contest want a hackathon<00:14:25.079> or<00:14:25.320> something<00:14:25.440> uh<00:14:26.160> and<00:14:26.459> then<00:14:26.519> an 00:14:26.870 --> 00:14:26.880 align:start position:0% hackathon or something uh and then an 00:14:26.880 --> 00:14:28.069 align:start position:0% hackathon or something uh and then an idea<00:14:27.180> that's<00:14:27.420> introduced<00:14:27.899> in<00:14:27.959> the 00:14:28.069 --> 00:14:28.079 align:start position:0% idea that's introduced in the 00:14:28.079 --> 00:14:30.110 align:start position:0% idea that's introduced in the decentralized<00:14:28.500> society<00:14:28.800> paper 00:14:30.110 --> 00:14:30.120 align:start position:0% decentralized society paper 00:14:30.120 --> 00:14:31.490 align:start position:0% decentralized society paper um<00:14:30.180> so<00:14:30.420> they<00:14:30.540> consider<00:14:30.839> various<00:14:31.139> ways<00:14:31.440> that 00:14:31.490 --> 00:14:31.500 align:start position:0% um so they consider various ways that 00:14:31.500 --> 00:14:32.690 align:start position:0% um so they consider various ways that you<00:14:31.620> can<00:14:31.680> weight<00:14:31.800> people's<00:14:32.160> contributions<00:14:32.519> to 00:14:32.690 --> 00:14:32.700 align:start position:0% you can weight people's contributions to 00:14:32.700 --> 00:14:35.629 align:start position:0% you can weight people's contributions to quadratic<00:14:33.120> funding<00:14:33.500> uh<00:14:34.500> and<00:14:34.980> one<00:14:35.220> of<00:14:35.339> them<00:14:35.399> in 00:14:35.629 --> 00:14:35.639 align:start position:0% quadratic funding uh and one of them in 00:14:35.639 --> 00:14:37.370 align:start position:0% quadratic funding uh and one of them in particular<00:14:35.940> is<00:14:36.180> very<00:14:36.420> general<00:14:36.600> so<00:14:37.200> that's 00:14:37.370 --> 00:14:37.380 align:start position:0% particular is very general so that's 00:14:37.380 --> 00:14:38.449 align:start position:0% particular is very general so that's what<00:14:37.560> I'm<00:14:37.680> going<00:14:37.800> to<00:14:37.920> focus<00:14:38.040> on<00:14:38.160> and<00:14:38.339> it's 00:14:38.449 --> 00:14:38.459 align:start position:0% what I'm going to focus on and it's 00:14:38.459 --> 00:14:40.610 align:start position:0% what I'm going to focus on and it's called<00:14:38.579> the<00:14:38.760> offset<00:14:39.120> match<00:14:39.360> uh<00:14:40.139> and<00:14:40.260> the<00:14:40.380> idea 00:14:40.610 --> 00:14:40.620 align:start position:0% called the offset match uh and the idea 00:14:40.620 --> 00:14:41.810 align:start position:0% called the offset match uh and the idea here<00:14:40.740> is<00:14:40.860> that<00:14:40.980> you<00:14:41.160> assign<00:14:41.339> correlation 00:14:41.810 --> 00:14:41.820 align:start position:0% here is that you assign correlation 00:14:41.820 --> 00:14:44.629 align:start position:0% here is that you assign correlation scores<00:14:42.199> between<00:14:43.199> the<00:14:43.560> participants<00:14:44.040> you<00:14:44.519> say 00:14:44.629 --> 00:14:44.639 align:start position:0% scores between the participants you say 00:14:44.639 --> 00:14:46.850 align:start position:0% scores between the participants you say okay<00:14:44.820> like<00:14:45.120> participant<00:14:45.660> I<00:14:46.019> has<00:14:46.440> so<00:14:46.560> many<00:14:46.680> slow 00:14:46.850 --> 00:14:46.860 align:start position:0% okay like participant I has so many slow 00:14:46.860 --> 00:14:48.949 align:start position:0% okay like participant I has so many slow down<00:14:47.040> tokens<00:14:47.399> and<00:14:47.760> she<00:14:47.940> shares<00:14:48.300> so<00:14:48.779> many<00:14:48.899> of 00:14:48.949 --> 00:14:48.959 align:start position:0% down tokens and she shares so many of 00:14:48.959 --> 00:14:50.990 align:start position:0% down tokens and she shares so many of them<00:14:49.079> with<00:14:49.260> participant<00:14:49.800> K<00:14:49.980> so<00:14:50.519> I'm<00:14:50.699> going<00:14:50.880> to 00:14:50.990 --> 00:14:51.000 align:start position:0% them with participant K so I'm going to 00:14:51.000 --> 00:14:52.850 align:start position:0% them with participant K so I'm going to give<00:14:51.240> this<00:14:51.420> creates<00:14:51.779> like<00:14:51.959> a<00:14:52.139> like<00:14:52.620> a 00:14:52.850 --> 00:14:52.860 align:start position:0% give this creates like a like a 00:14:52.860 --> 00:14:54.350 align:start position:0% give this creates like a like a correlation<00:14:53.339> score<00:14:53.519> out<00:14:53.699> of<00:14:53.820> that<00:14:53.940> and<00:14:54.240> then 00:14:54.350 --> 00:14:54.360 align:start position:0% correlation score out of that and then 00:14:54.360 --> 00:14:55.970 align:start position:0% correlation score out of that and then I'm<00:14:54.480> going<00:14:54.660> to<00:14:54.779> solve<00:14:55.079> for<00:14:55.199> these<00:14:55.500> weights 00:14:55.970 --> 00:14:55.980 align:start position:0% I'm going to solve for these weights 00:14:55.980 --> 00:14:57.889 align:start position:0% I'm going to solve for these weights Alpha 00:14:57.889 --> 00:14:57.899 align:start position:0% Alpha 00:14:57.899 --> 00:14:59.689 align:start position:0% Alpha um<00:14:58.019> that<00:14:58.500> uh<00:14:58.680> solve<00:14:59.040> this<00:14:59.160> like<00:14:59.279> weird<00:14:59.459> system 00:14:59.689 --> 00:14:59.699 align:start position:0% um that uh solve this like weird system 00:14:59.699 --> 00:15:02.269 align:start position:0% um that uh solve this like weird system of<00:14:59.880> equations<00:15:00.180> so<00:15:00.839> that<00:15:01.019> looks<00:15:01.320> kind<00:15:01.560> of 00:15:02.269 --> 00:15:02.279 align:start position:0% of equations so that looks kind of 00:15:02.279 --> 00:15:04.670 align:start position:0% of equations so that looks kind of abstract<00:15:03.060> but<00:15:03.660> I'll<00:15:03.839> show<00:15:04.079> some<00:15:04.260> examples<00:15:04.500> and 00:15:04.670 --> 00:15:04.680 align:start position:0% abstract but I'll show some examples and 00:15:04.680 --> 00:15:06.590 align:start position:0% abstract but I'll show some examples and give<00:15:04.800> some<00:15:04.980> of<00:15:05.160> my<00:15:05.279> think<00:15:05.820> how<00:15:06.060> I<00:15:06.360> think<00:15:06.480> about 00:15:06.590 --> 00:15:06.600 align:start position:0% give some of my think how I think about 00:15:06.600 --> 00:15:08.810 align:start position:0% give some of my think how I think about this<00:15:06.899> uh<00:15:07.620> so<00:15:07.860> here<00:15:08.040> the<00:15:08.279> woman<00:15:08.339> in<00:15:08.579> the<00:15:08.699> blue 00:15:08.810 --> 00:15:08.820 align:start position:0% this uh so here the woman in the blue 00:15:08.820 --> 00:15:11.930 align:start position:0% this uh so here the woman in the blue shirt<00:15:09.060> uh<00:15:09.660> has<00:15:09.779> two<00:15:09.959> po<00:15:10.139> has<00:15:10.500> two<00:15:10.740> spts<00:15:11.579> and<00:15:11.820> she 00:15:11.930 --> 00:15:11.940 align:start position:0% shirt uh has two po has two spts and she 00:15:11.940 --> 00:15:13.069 align:start position:0% shirt uh has two po has two spts and she shares<00:15:12.180> one<00:15:12.300> of<00:15:12.420> them<00:15:12.480> with<00:15:12.600> the<00:15:12.660> great<00:15:12.779> dude 00:15:13.069 --> 00:15:13.079 align:start position:0% shares one of them with the great dude 00:15:13.079 --> 00:15:14.629 align:start position:0% shares one of them with the great dude and<00:15:13.199> the<00:15:13.260> green<00:15:13.380> shirt<00:15:13.560> so<00:15:14.160> the<00:15:14.339> correlations 00:15:14.629 --> 00:15:14.639 align:start position:0% and the green shirt so the correlations 00:15:14.639 --> 00:15:15.949 align:start position:0% and the green shirt so the correlations are<00:15:14.940> the<00:15:15.120> half<00:15:15.240> and<00:15:15.360> if<00:15:15.480> you<00:15:15.540> solve<00:15:15.720> for<00:15:15.839> the 00:15:15.949 --> 00:15:15.959 align:start position:0% are the half and if you solve for the 00:15:15.959 --> 00:15:19.030 align:start position:0% are the half and if you solve for the alphas<00:15:16.199> you<00:15:16.440> get<00:15:16.620> these<00:15:17.040> outfits<00:15:17.519> uh<00:15:18.420> and 00:15:19.030 --> 00:15:19.040 align:start position:0% alphas you get these outfits uh and 00:15:19.040 --> 00:15:23.030 align:start position:0% alphas you get these outfits uh and notice<00:15:20.040> that<00:15:20.459> like<00:15:21.060> the<00:15:21.480> idea<00:15:21.720> here<00:15:22.019> is<00:15:22.680> to 00:15:23.030 --> 00:15:23.040 align:start position:0% notice that like the idea here is to 00:15:23.040 --> 00:15:25.430 align:start position:0% notice that like the idea here is to kind<00:15:23.220> of<00:15:23.339> give<00:15:23.699> weights<00:15:24.600> to<00:15:24.779> anti-correlated 00:15:25.430 --> 00:15:25.440 align:start position:0% kind of give weights to anti-correlated 00:15:25.440 --> 00:15:27.769 align:start position:0% kind of give weights to anti-correlated groups<00:15:25.860> if<00:15:26.339> like<00:15:26.519> there's<00:15:26.820> one<00:15:27.000> group<00:15:27.300> that 00:15:27.769 --> 00:15:27.779 align:start position:0% groups if like there's one group that 00:15:27.779 --> 00:15:29.750 align:start position:0% groups if like there's one group that has<00:15:27.959> an<00:15:28.079> spt<00:15:28.440> that's<00:15:28.680> like<00:15:28.860> really<00:15:29.100> common<00:15:29.399> and 00:15:29.750 --> 00:15:29.760 align:start position:0% has an spt that's like really common and 00:15:29.760 --> 00:15:30.829 align:start position:0% has an spt that's like really common and they're<00:15:29.880> all<00:15:30.000> kind<00:15:30.180> of<00:15:30.240> aligned<00:15:30.540> with<00:15:30.600> each 00:15:30.829 --> 00:15:30.839 align:start position:0% they're all kind of aligned with each 00:15:30.839 --> 00:15:33.110 align:start position:0% they're all kind of aligned with each other<00:15:30.959> because<00:15:31.680> as<00:15:32.100> sort<00:15:32.399> of<00:15:32.519> evidenced<00:15:32.880> by 00:15:33.110 --> 00:15:33.120 align:start position:0% other because as sort of evidenced by 00:15:33.120 --> 00:15:35.269 align:start position:0% other because as sort of evidenced by having<00:15:33.360> the<00:15:33.600> same<00:15:33.779> sbts<00:15:34.440> they<00:15:34.920> should<00:15:35.040> get 00:15:35.269 --> 00:15:35.279 align:start position:0% having the same sbts they should get 00:15:35.279 --> 00:15:38.090 align:start position:0% having the same sbts they should get less<00:15:35.639> weight<00:15:36.139> uh<00:15:37.139> so<00:15:37.380> here<00:15:37.500> like<00:15:37.800> tons<00:15:37.980> of 00:15:38.090 --> 00:15:38.100 align:start position:0% less weight uh so here like tons of 00:15:38.100 --> 00:15:40.009 align:start position:0% less weight uh so here like tons of people<00:15:38.220> have<00:15:38.459> the<00:15:38.639> diploma<00:15:39.000> so<00:15:39.540> each<00:15:39.779> one<00:15:39.899> of 00:15:40.009 --> 00:15:40.019 align:start position:0% people have the diploma so each one of 00:15:40.019 --> 00:15:41.870 align:start position:0% people have the diploma so each one of them<00:15:40.079> kind<00:15:40.260> of<00:15:40.320> gets<00:15:40.500> less<00:15:40.680> weight<00:15:40.920> uh<00:15:41.579> whereas 00:15:41.870 --> 00:15:41.880 align:start position:0% them kind of gets less weight uh whereas 00:15:41.880 --> 00:15:43.310 align:start position:0% them kind of gets less weight uh whereas the<00:15:42.060> two<00:15:42.180> people<00:15:42.360> that<00:15:42.480> have<00:15:42.600> other<00:15:42.779> co-ops 00:15:43.310 --> 00:15:43.320 align:start position:0% the two people that have other co-ops 00:15:43.320 --> 00:15:45.650 align:start position:0% the two people that have other co-ops collectively<00:15:43.740> they<00:15:43.980> get<00:15:44.160> more<00:15:44.820> weight<00:15:45.000> uh 00:15:45.650 --> 00:15:45.660 align:start position:0% collectively they get more weight uh 00:15:45.660 --> 00:15:46.910 align:start position:0% collectively they get more weight uh however<00:15:45.899> there's<00:15:46.019> this<00:15:46.260> like<00:15:46.440> weird<00:15:46.560> Quirk 00:15:46.910 --> 00:15:46.920 align:start position:0% however there's this like weird Quirk 00:15:46.920 --> 00:15:48.050 align:start position:0% however there's this like weird Quirk where<00:15:47.100> the<00:15:47.279> women<00:15:47.399> with<00:15:47.519> the<00:15:47.639> blue<00:15:47.699> shirt<00:15:47.880> got 00:15:48.050 --> 00:15:48.060 align:start position:0% where the women with the blue shirt got 00:15:48.060 --> 00:15:49.189 align:start position:0% where the women with the blue shirt got no<00:15:48.240> weight<00:15:48.360> and<00:15:48.600> the<00:15:48.779> dude<00:15:48.959> with<00:15:49.079> the<00:15:49.139> green 00:15:49.189 --> 00:15:49.199 align:start position:0% no weight and the dude with the green 00:15:49.199 --> 00:15:51.410 align:start position:0% no weight and the dude with the green shark<00:15:49.380> out<00:15:49.680> like<00:15:50.160> more<00:15:50.339> weight<00:15:50.519> uh<00:15:51.120> so<00:15:51.300> I'll 00:15:51.410 --> 00:15:51.420 align:start position:0% shark out like more weight uh so I'll 00:15:51.420 --> 00:15:53.389 align:start position:0% shark out like more weight uh so I'll come<00:15:51.660> back<00:15:51.779> to<00:15:51.899> that<00:15:52.019> Quirk 00:15:53.389 --> 00:15:53.399 align:start position:0% come back to that Quirk 00:15:53.399 --> 00:15:53.990 align:start position:0% come back to that Quirk um 00:15:53.990 --> 00:15:54.000 align:start position:0% um 00:15:54.000 --> 00:15:57.350 align:start position:0% um but<00:15:55.139> um<00:15:55.139> so<00:15:55.800> then<00:15:55.980> how<00:15:56.639> what's<00:15:56.940> the<00:15:57.120> kind<00:15:57.300> of 00:15:57.350 --> 00:15:57.360 align:start position:0% but um so then how what's the kind of 00:15:57.360 --> 00:15:59.030 align:start position:0% but um so then how what's the kind of philosophy<00:15:57.779> behind<00:15:58.079> this<00:15:58.199> so<00:15:58.620> you<00:15:58.800> have<00:15:58.860> these 00:15:59.030 --> 00:15:59.040 align:start position:0% philosophy behind this so you have these 00:15:59.040 --> 00:16:00.530 align:start position:0% philosophy behind this so you have these like<00:15:59.160> systems<00:15:59.459> of<00:15:59.639> equations<00:15:59.880> you<00:16:00.300> have<00:16:00.420> this 00:16:00.530 --> 00:16:00.540 align:start position:0% like systems of equations you have this 00:16:00.540 --> 00:16:02.389 align:start position:0% like systems of equations you have this like<00:16:00.720> big<00:16:00.899> Matrix<00:16:01.320> of<00:16:01.620> all<00:16:01.860> the<00:16:01.980> correlation 00:16:02.389 --> 00:16:02.399 align:start position:0% like big Matrix of all the correlation 00:16:02.399 --> 00:16:03.949 align:start position:0% like big Matrix of all the correlation coefficients<00:16:03.180> and<00:16:03.480> then<00:16:03.660> you're<00:16:03.779> trying<00:16:03.899> to 00:16:03.949 --> 00:16:03.959 align:start position:0% coefficients and then you're trying to 00:16:03.959 --> 00:16:05.509 align:start position:0% coefficients and then you're trying to solve<00:16:04.139> for<00:16:04.199> this<00:16:04.320> row<00:16:04.560> Matrix<00:16:04.860> of<00:16:05.040> the<00:16:05.160> alphas 00:16:05.509 --> 00:16:05.519 align:start position:0% solve for this row Matrix of the alphas 00:16:05.519 --> 00:16:08.030 align:start position:0% solve for this row Matrix of the alphas uh<00:16:06.300> and<00:16:06.480> if<00:16:06.779> you<00:16:06.959> squint<00:16:07.320> and<00:16:07.560> you<00:16:07.680> take<00:16:07.800> like<00:16:07.920> a 00:16:08.030 --> 00:16:08.040 align:start position:0% uh and if you squint and you take like a 00:16:08.040 --> 00:16:09.170 align:start position:0% uh and if you squint and you take like a really<00:16:08.160> extreme<00:16:08.399> case<00:16:08.639> and<00:16:08.820> you're<00:16:08.940> like<00:16:09.000> okay 00:16:09.170 --> 00:16:09.180 align:start position:0% really extreme case and you're like okay 00:16:09.180 --> 00:16:12.230 align:start position:0% really extreme case and you're like okay like<00:16:09.839> all<00:16:10.380> of<00:16:10.560> the<00:16:10.740> participants<00:16:11.639> probably 00:16:12.230 --> 00:16:12.240 align:start position:0% like all of the participants probably 00:16:12.240 --> 00:16:14.810 align:start position:0% like all of the participants probably fall<00:16:12.480> into<00:16:12.660> like<00:16:12.839> a<00:16:12.959> handful<00:16:13.199> of<00:16:13.320> clusters<00:16:13.820> and 00:16:14.810 --> 00:16:14.820 align:start position:0% fall into like a handful of clusters and 00:16:14.820 --> 00:16:16.009 align:start position:0% fall into like a handful of clusters and the<00:16:15.060> Clusters<00:16:15.480> are<00:16:15.660> really<00:16:15.779> highly 00:16:16.009 --> 00:16:16.019 align:start position:0% the Clusters are really highly 00:16:16.019 --> 00:16:17.689 align:start position:0% the Clusters are really highly correlated<00:16:16.320> with<00:16:16.500> each<00:16:16.680> other<00:16:16.800> but<00:16:17.399> not<00:16:17.579> very 00:16:17.689 --> 00:16:17.699 align:start position:0% correlated with each other but not very 00:16:17.699 --> 00:16:20.449 align:start position:0% correlated with each other but not very correlated<00:16:18.180> with<00:16:18.600> the<00:16:18.899> other<00:16:18.959> clusters<00:16:19.459> uh 00:16:20.449 --> 00:16:20.459 align:start position:0% correlated with the other clusters uh 00:16:20.459 --> 00:16:22.189 align:start position:0% correlated with the other clusters uh then<00:16:20.699> you<00:16:21.000> get<00:16:21.120> a<00:16:21.300> kind<00:16:21.480> of<00:16:21.600> Matrix<00:16:21.959> equation 00:16:22.189 --> 00:16:22.199 align:start position:0% then you get a kind of Matrix equation 00:16:22.199 --> 00:16:24.050 align:start position:0% then you get a kind of Matrix equation that<00:16:22.320> looks<00:16:22.560> like<00:16:22.620> this<00:16:22.740> so<00:16:23.279> like<00:16:23.519> in<00:16:23.699> each<00:16:23.880> of 00:16:24.050 --> 00:16:24.060 align:start position:0% that looks like this so like in each of 00:16:24.060 --> 00:16:25.970 align:start position:0% that looks like this so like in each of the<00:16:24.180> blocks<00:16:24.720> with<00:16:24.899> the<00:16:25.079> ones<00:16:25.380> those<00:16:25.740> are 00:16:25.970 --> 00:16:25.980 align:start position:0% the blocks with the ones those are 00:16:25.980 --> 00:16:27.590 align:start position:0% the blocks with the ones those are clusters<00:16:26.639> of<00:16:26.820> people<00:16:27.000> that<00:16:27.180> are<00:16:27.300> very<00:16:27.360> similar 00:16:27.590 --> 00:16:27.600 align:start position:0% clusters of people that are very similar 00:16:27.600 --> 00:16:29.689 align:start position:0% clusters of people that are very similar between<00:16:27.779> each<00:16:28.019> other<00:16:28.139> but<00:16:28.740> then<00:16:28.920> zeros<00:16:29.519> show 00:16:29.689 --> 00:16:29.699 align:start position:0% between each other but then zeros show 00:16:29.699 --> 00:16:30.710 align:start position:0% between each other but then zeros show that<00:16:29.820> they're<00:16:29.940> not<00:16:30.060> very<00:16:30.180> correlated<00:16:30.540> with 00:16:30.710 --> 00:16:30.720 align:start position:0% that they're not very correlated with 00:16:30.720 --> 00:16:32.090 align:start position:0% that they're not very correlated with the<00:16:30.839> others<00:16:31.079> and<00:16:31.440> then<00:16:31.560> if<00:16:31.680> you<00:16:31.800> solve<00:16:31.980> this 00:16:32.090 --> 00:16:32.100 align:start position:0% the others and then if you solve this 00:16:32.100 --> 00:16:33.650 align:start position:0% the others and then if you solve this Matrix<00:16:32.339> equation<00:16:32.639> it<00:16:33.060> basically<00:16:33.300> gives<00:16:33.540> you 00:16:33.650 --> 00:16:33.660 align:start position:0% Matrix equation it basically gives you 00:16:33.660 --> 00:16:37.310 align:start position:0% Matrix equation it basically gives you one<00:16:33.899> equation<00:16:34.260> per<00:16:34.800> block<00:16:35.240> uh<00:16:36.240> and<00:16:36.779> it<00:16:37.079> says 00:16:37.310 --> 00:16:37.320 align:start position:0% one equation per block uh and it says 00:16:37.320 --> 00:16:38.870 align:start position:0% one equation per block uh and it says each<00:16:37.560> of<00:16:37.680> the<00:16:37.800> blocks<00:16:38.100> gets<00:16:38.459> roughly<00:16:38.699> equal 00:16:38.870 --> 00:16:38.880 align:start position:0% each of the blocks gets roughly equal 00:16:38.880 --> 00:16:41.749 align:start position:0% each of the blocks gets roughly equal weight<00:16:39.320> uh<00:16:40.320> and<00:16:40.680> that<00:16:40.860> weight<00:16:41.100> is<00:16:41.339> shared<00:16:41.639> over 00:16:41.749 --> 00:16:41.759 align:start position:0% weight uh and that weight is shared over 00:16:41.759 --> 00:16:43.430 align:start position:0% weight uh and that weight is shared over the<00:16:41.880> people<00:16:42.000> in<00:16:42.180> the<00:16:42.360> block<00:16:42.480> so<00:16:42.899> if<00:16:43.139> you<00:16:43.259> have 00:16:43.430 --> 00:16:43.440 align:start position:0% the people in the block so if you have 00:16:43.440 --> 00:16:45.110 align:start position:0% the people in the block so if you have tons<00:16:43.740> of<00:16:43.920> people<00:16:44.100> in<00:16:44.459> your<00:16:44.579> group<00:16:44.759> in<00:16:44.940> your 00:16:45.110 --> 00:16:45.120 align:start position:0% tons of people in your group in your 00:16:45.120 --> 00:16:46.490 align:start position:0% tons of people in your group in your cluster<00:16:45.360> as<00:16:45.660> characterized<00:16:46.079> by<00:16:46.139> the<00:16:46.259> syllable 00:16:46.490 --> 00:16:46.500 align:start position:0% cluster as characterized by the syllable 00:16:46.500 --> 00:16:48.530 align:start position:0% cluster as characterized by the syllable tokens<00:16:46.860> they<00:16:46.980> have<00:16:47.160> uh<00:16:47.940> they<00:16:48.180> don't<00:16:48.240> get<00:16:48.360> as 00:16:48.530 --> 00:16:48.540 align:start position:0% tokens they have uh they don't get as 00:16:48.540 --> 00:16:50.210 align:start position:0% tokens they have uh they don't get as much<00:16:48.720> weight<00:16:48.839> as<00:16:49.079> like<00:16:49.259> a<00:16:49.440> smaller<00:16:49.740> block<00:16:49.920> that 00:16:50.210 --> 00:16:50.220 align:start position:0% much weight as like a smaller block that 00:16:50.220 --> 00:16:51.710 align:start position:0% much weight as like a smaller block that has<00:16:50.399> like<00:16:50.639> different<00:16:50.880> experiences<00:16:51.540> and 00:16:51.710 --> 00:16:51.720 align:start position:0% has like different experiences and 00:16:51.720 --> 00:16:54.710 align:start position:0% has like different experiences and different<00:16:51.839> cell<00:16:52.019> bound<00:16:52.259> tokens<00:16:52.620> that<00:16:54.120> each 00:16:54.710 --> 00:16:54.720 align:start position:0% different cell bound tokens that each 00:16:54.720 --> 00:16:56.569 align:start position:0% different cell bound tokens that each one<00:16:54.899> of<00:16:54.959> them<00:16:55.079> will<00:16:55.199> get<00:16:55.320> more<00:16:55.440> weight 00:16:56.569 --> 00:16:56.579 align:start position:0% one of them will get more weight 00:16:56.579 --> 00:16:59.569 align:start position:0% one of them will get more weight uh<00:16:57.480> so<00:16:57.959> this<00:16:58.320> has<00:16:58.500> some<00:16:58.680> issues<00:16:59.040> and<00:16:59.459> the 00:16:59.569 --> 00:16:59.579 align:start position:0% uh so this has some issues and the 00:16:59.579 --> 00:17:00.949 align:start position:0% uh so this has some issues and the people<00:16:59.699> the<00:17:00.060> authors<00:17:00.360> of<00:17:00.480> the<00:17:00.600> centralized 00:17:00.949 --> 00:17:00.959 align:start position:0% people the authors of the centralized 00:17:00.959 --> 00:17:02.449 align:start position:0% people the authors of the centralized Society<00:17:01.199> paper<00:17:01.320> already<00:17:01.560> point<00:17:01.800> out<00:17:01.920> some<00:17:02.339> of 00:17:02.449 --> 00:17:02.459 align:start position:0% Society paper already point out some of 00:17:02.459 --> 00:17:04.370 align:start position:0% Society paper already point out some of these<00:17:02.699> points<00:17:03.000> and<00:17:03.180> they<00:17:03.360> you<00:17:03.600> know<00:17:03.720> they<00:17:04.260> sort 00:17:04.370 --> 00:17:04.380 align:start position:0% these points and they you know they sort 00:17:04.380 --> 00:17:05.870 align:start position:0% these points and they you know they sort of<00:17:04.500> propose<00:17:04.740> this<00:17:04.860> as<00:17:05.040> a<00:17:05.220> place<00:17:05.400> to<00:17:05.579> start<00:17:05.699> to 00:17:05.870 --> 00:17:05.880 align:start position:0% of propose this as a place to start to 00:17:05.880 --> 00:17:09.049 align:start position:0% of propose this as a place to start to think<00:17:06.000> about<00:17:06.120> these<00:17:06.360> issues<00:17:06.860> uh<00:17:07.860> so<00:17:08.400> first<00:17:08.939> of 00:17:09.049 --> 00:17:09.059 align:start position:0% think about these issues uh so first of 00:17:09.059 --> 00:17:11.929 align:start position:0% think about these issues uh so first of all<00:17:09.179> the<00:17:09.419> alphas<00:17:09.780> may<00:17:10.079> not<00:17:10.199> be<00:17:10.439> exist<00:17:10.860> and<00:17:11.819> they 00:17:11.929 --> 00:17:11.939 align:start position:0% all the alphas may not be exist and they 00:17:11.939 --> 00:17:13.250 align:start position:0% all the alphas may not be exist and they may<00:17:12.179> not<00:17:12.299> be<00:17:12.419> unique<00:17:12.600> if<00:17:12.720> they<00:17:12.839> do<00:17:12.959> exist 00:17:13.250 --> 00:17:13.260 align:start position:0% may not be unique if they do exist 00:17:13.260 --> 00:17:15.530 align:start position:0% may not be unique if they do exist moreover<00:17:14.100> you<00:17:14.459> can<00:17:14.579> produce<00:17:14.760> negative<00:17:15.179> Alphas 00:17:15.530 --> 00:17:15.540 align:start position:0% moreover you can produce negative Alphas 00:17:15.540 --> 00:17:17.510 align:start position:0% moreover you can produce negative Alphas uh<00:17:16.380> there<00:17:16.559> are<00:17:16.679> ways<00:17:16.799> you<00:17:16.980> can<00:17:17.100> sort<00:17:17.220> of<00:17:17.339> like 00:17:17.510 --> 00:17:17.520 align:start position:0% uh there are ways you can sort of like 00:17:17.520 --> 00:17:19.549 align:start position:0% uh there are ways you can sort of like patch<00:17:18.240> this<00:17:18.419> you<00:17:18.660> could<00:17:18.780> say<00:17:19.020> okay<00:17:19.140> I<00:17:19.319> got<00:17:19.439> a 00:17:19.549 --> 00:17:19.559 align:start position:0% patch this you could say okay I got a 00:17:19.559 --> 00:17:20.449 align:start position:0% patch this you could say okay I got a negative<00:17:19.679> Alpha<00:17:19.980> I'm<00:17:20.100> just<00:17:20.160> going<00:17:20.280> to<00:17:20.339> round 00:17:20.449 --> 00:17:20.459 align:start position:0% negative Alpha I'm just going to round 00:17:20.459 --> 00:17:22.189 align:start position:0% negative Alpha I'm just going to round to<00:17:20.579> zero<00:17:20.939> that<00:17:21.419> might<00:17:21.540> mess<00:17:21.720> a<00:17:21.959> little<00:17:22.079> bit 00:17:22.189 --> 00:17:22.199 align:start position:0% to zero that might mess a little bit 00:17:22.199 --> 00:17:25.870 align:start position:0% to zero that might mess a little bit with<00:17:22.500> your<00:17:22.880> linear<00:17:23.880> algebra<00:17:24.240> philosophy<00:17:24.839> uh 00:17:25.870 --> 00:17:25.880 align:start position:0% with your linear algebra philosophy uh 00:17:25.880 --> 00:17:27.770 align:start position:0% with your linear algebra philosophy uh generally<00:17:26.880> this<00:17:27.120> handles<00:17:27.419> how<00:17:27.540> much<00:17:27.660> weight 00:17:27.770 --> 00:17:27.780 align:start position:0% generally this handles how much weight 00:17:27.780 --> 00:17:30.590 align:start position:0% generally this handles how much weight you<00:17:27.900> give<00:17:28.020> it<00:17:28.140> to<00:17:28.199> groups<00:17:28.620> pretty<00:17:29.160> well<00:17:29.400> uh<00:17:30.299> but 00:17:30.590 --> 00:17:30.600 align:start position:0% you give it to groups pretty well uh but 00:17:30.600 --> 00:17:31.850 align:start position:0% you give it to groups pretty well uh but it<00:17:30.780> doesn't<00:17:30.960> necessarily<00:17:31.320> distribute<00:17:31.679> that 00:17:31.850 --> 00:17:31.860 align:start position:0% it doesn't necessarily distribute that 00:17:31.860 --> 00:17:34.730 align:start position:0% it doesn't necessarily distribute that weight<00:17:32.040> naturally<00:17:32.460> to<00:17:32.700> individuals<00:17:33.299> uh<00:17:34.140> so 00:17:34.730 --> 00:17:34.740 align:start position:0% weight naturally to individuals uh so 00:17:34.740 --> 00:17:36.289 align:start position:0% weight naturally to individuals uh so like<00:17:35.160> there's<00:17:35.340> a<00:17:35.520> tendency<00:17:35.760> based<00:17:36.059> on<00:17:36.120> how<00:17:36.179> the 00:17:36.289 --> 00:17:36.299 align:start position:0% like there's a tendency based on how the 00:17:36.299 --> 00:17:37.490 align:start position:0% like there's a tendency based on how the linear<00:17:36.480> algebra<00:17:36.780> Works<00:17:37.080> to<00:17:37.380> give 00:17:37.490 --> 00:17:37.500 align:start position:0% linear algebra Works to give 00:17:37.500 --> 00:17:39.590 align:start position:0% linear algebra Works to give participants<00:17:37.980> with<00:17:38.160> a<00:17:38.340> subsuper<00:17:38.820> set<00:17:38.940> of<00:17:39.059> spts 00:17:39.590 --> 00:17:39.600 align:start position:0% participants with a subsuper set of spts 00:17:39.600 --> 00:17:41.330 align:start position:0% participants with a subsuper set of spts compared<00:17:40.020> to<00:17:40.080> somebody<00:17:40.200> else<00:17:40.440> zero<00:17:41.160> weight 00:17:41.330 --> 00:17:41.340 align:start position:0% compared to somebody else zero weight 00:17:41.340 --> 00:17:42.470 align:start position:0% compared to somebody else zero weight and<00:17:41.580> this<00:17:41.700> was<00:17:41.820> that<00:17:41.940> Quirk<00:17:42.240> that<00:17:42.360> happened 00:17:42.470 --> 00:17:42.480 align:start position:0% and this was that Quirk that happened 00:17:42.480 --> 00:17:43.850 align:start position:0% and this was that Quirk that happened with<00:17:42.660> the<00:17:42.720> woman<00:17:42.840> in<00:17:43.080> the<00:17:43.140> blue<00:17:43.260> shirt<00:17:43.380> she<00:17:43.679> had 00:17:43.850 --> 00:17:43.860 align:start position:0% with the woman in the blue shirt she had 00:17:43.860 --> 00:17:47.029 align:start position:0% with the woman in the blue shirt she had strictly<00:17:44.340> more<00:17:44.460> spts<00:17:45.000> than<00:17:45.120> somebody<00:17:45.240> else 00:17:47.029 --> 00:17:47.039 align:start position:0% strictly more spts than somebody else 00:17:47.039 --> 00:17:47.750 align:start position:0% strictly more spts than somebody else um 00:17:47.750 --> 00:17:47.760 align:start position:0% um 00:17:47.760 --> 00:17:49.610 align:start position:0% um and<00:17:48.900> um 00:17:49.610 --> 00:17:49.620 align:start position:0% and um 00:17:49.620 --> 00:17:51.890 align:start position:0% and um so<00:17:50.039> the<00:17:50.280> motivation<00:17:50.640> for<00:17:51.059> the<00:17:51.419> quad<00:17:51.660> the 00:17:51.890 --> 00:17:51.900 align:start position:0% so the motivation for the quad the 00:17:51.900 --> 00:17:53.810 align:start position:0% so the motivation for the quad the centralized<00:17:52.380> Society<00:17:52.620> authors<00:17:52.980> was<00:17:53.520> to 00:17:53.810 --> 00:17:53.820 align:start position:0% centralized Society authors was to 00:17:53.820 --> 00:17:55.850 align:start position:0% centralized Society authors was to modify<00:17:54.240> this<00:17:54.480> formula<00:17:54.840> for<00:17:55.080> matching<00:17:55.679> in 00:17:55.850 --> 00:17:55.860 align:start position:0% modify this formula for matching in 00:17:55.860 --> 00:17:58.370 align:start position:0% modify this formula for matching in quadratic<00:17:56.460> funding<00:17:56.760> to<00:17:57.299> put<00:17:57.780> Alphas<00:17:58.200> under 00:17:58.370 --> 00:17:58.380 align:start position:0% quadratic funding to put Alphas under 00:17:58.380 --> 00:18:00.049 align:start position:0% quadratic funding to put Alphas under the<00:17:58.620> square<00:17:58.740> root<00:17:58.980> so<00:17:59.220> now<00:17:59.400> in<00:17:59.520> order<00:17:59.640> to<00:17:59.820> get<00:17:59.940> a 00:18:00.049 --> 00:18:00.059 align:start position:0% the square root so now in order to get a 00:18:00.059 --> 00:18:01.730 align:start position:0% the square root so now in order to get a big<00:18:00.120> matching<00:18:00.539> Grant<00:18:00.840> you<00:18:01.140> not<00:18:01.260> only<00:18:01.440> want<00:18:01.620> to 00:18:01.730 --> 00:18:01.740 align:start position:0% big matching Grant you not only want to 00:18:01.740 --> 00:18:02.990 align:start position:0% big matching Grant you not only want to have<00:18:01.919> lots<00:18:02.160> of<00:18:02.220> contributions<00:18:02.580> for<00:18:02.700> lots<00:18:02.940> of 00:18:02.990 --> 00:18:03.000 align:start position:0% have lots of contributions for lots of 00:18:03.000 --> 00:18:04.490 align:start position:0% have lots of contributions for lots of different<00:18:03.059> people<00:18:03.360> you<00:18:03.960> want<00:18:04.080> those<00:18:04.320> people 00:18:04.490 --> 00:18:04.500 align:start position:0% different people you want those people 00:18:04.500 --> 00:18:06.830 align:start position:0% different people you want those people to<00:18:04.799> have<00:18:04.980> big<00:18:05.340> outfits<00:18:06.000> and<00:18:06.419> how<00:18:06.539> do<00:18:06.600> they<00:18:06.720> get 00:18:06.830 --> 00:18:06.840 align:start position:0% to have big outfits and how do they get 00:18:06.840 --> 00:18:08.990 align:start position:0% to have big outfits and how do they get big<00:18:06.960> Alphas<00:18:07.320> well<00:18:07.679> by<00:18:08.100> representing<00:18:08.640> groups 00:18:08.990 --> 00:18:09.000 align:start position:0% big Alphas well by representing groups 00:18:09.000 --> 00:18:10.789 align:start position:0% big Alphas well by representing groups that<00:18:09.360> like<00:18:09.660> don't<00:18:10.020> have<00:18:10.140> so<00:18:10.320> many<00:18:10.440> people<00:18:10.620> in 00:18:10.789 --> 00:18:10.799 align:start position:0% that like don't have so many people in 00:18:10.799 --> 00:18:12.289 align:start position:0% that like don't have so many people in them<00:18:10.980> and<00:18:11.280> generally<00:18:11.580> in<00:18:11.760> order<00:18:11.880> to<00:18:12.000> get<00:18:12.120> a<00:18:12.240> big 00:18:12.289 --> 00:18:12.299 align:start position:0% them and generally in order to get a big 00:18:12.299 --> 00:18:13.789 align:start position:0% them and generally in order to get a big matching<00:18:12.660> Grant<00:18:12.960> you're<00:18:13.320> going<00:18:13.440> to<00:18:13.559> need<00:18:13.679> a 00:18:13.789 --> 00:18:13.799 align:start position:0% matching Grant you're going to need a 00:18:13.799 --> 00:18:15.950 align:start position:0% matching Grant you're going to need a lot<00:18:13.860> of<00:18:13.919> people<00:18:14.039> from<00:18:14.280> different<00:18:14.460> groups<00:18:14.960> uh 00:18:15.950 --> 00:18:15.960 align:start position:0% lot of people from different groups uh 00:18:15.960 --> 00:18:19.010 align:start position:0% lot of people from different groups uh contributing<00:18:16.679> to<00:18:16.799> your<00:18:16.919> project<00:18:17.539> uh<00:18:18.539> From 00:18:19.010 --> 00:18:19.020 align:start position:0% contributing to your project uh From 00:18:19.020 --> 00:18:20.510 align:start position:0% contributing to your project uh From clarence's<00:18:19.620> perspective<00:18:19.919> so<00:18:20.039> this<00:18:20.280> is<00:18:20.340> what 00:18:20.510 --> 00:18:20.520 align:start position:0% clarence's perspective so this is what 00:18:20.520 --> 00:18:22.789 align:start position:0% clarence's perspective so this is what brings<00:18:20.760> me<00:18:20.880> to<00:18:21.059> this<00:18:21.240> uh<00:18:22.200> you<00:18:22.500> could<00:18:22.620> imagine 00:18:22.789 --> 00:18:22.799 align:start position:0% brings me to this uh you could imagine 00:18:22.799 --> 00:18:25.010 align:start position:0% brings me to this uh you could imagine re-weighting<00:18:23.700> the<00:18:23.880> stakes<00:18:24.120> people<00:18:24.360> have<00:18:24.600> by 00:18:25.010 --> 00:18:25.020 align:start position:0% re-weighting the stakes people have by 00:18:25.020 --> 00:18:28.370 align:start position:0% re-weighting the stakes people have by the<00:18:25.320> alphas<00:18:25.820> so<00:18:26.820> you<00:18:27.000> could<00:18:27.120> use<00:18:27.360> these<00:18:27.840> these 00:18:28.370 --> 00:18:28.380 align:start position:0% the alphas so you could use these these 00:18:28.380 --> 00:18:29.690 align:start position:0% the alphas so you could use these these like<00:18:28.440> formulas<00:18:28.919> over<00:18:29.100> here<00:18:29.280> for<00:18:29.460> people's 00:18:29.690 --> 00:18:29.700 align:start position:0% like formulas over here for people's 00:18:29.700 --> 00:18:32.450 align:start position:0% like formulas over here for people's drawing<00:18:30.000> odds<00:18:30.380> so<00:18:31.380> we<00:18:31.919> have<00:18:32.039> this<00:18:32.160> example 00:18:32.450 --> 00:18:32.460 align:start position:0% drawing odds so we have this example 00:18:32.460 --> 00:18:34.190 align:start position:0% drawing odds so we have this example from<00:18:32.760> before<00:18:32.880> we<00:18:33.240> get<00:18:33.419> the<00:18:33.600> same<00:18:33.720> weights<00:18:34.080> that 00:18:34.190 --> 00:18:34.200 align:start position:0% from before we get the same weights that 00:18:34.200 --> 00:18:37.010 align:start position:0% from before we get the same weights that we<00:18:34.380> had<00:18:34.500> before<00:18:34.820> and<00:18:35.820> now<00:18:36.120> like<00:18:36.720> the<00:18:36.900> woman 00:18:37.010 --> 00:18:37.020 align:start position:0% we had before and now like the woman 00:18:37.020 --> 00:18:39.230 align:start position:0% we had before and now like the woman that<00:18:37.200> has<00:18:37.320> 40<00:18:37.500> stake<00:18:38.340> she<00:18:38.820> doesn't<00:18:39.000> have<00:18:39.120> very 00:18:39.230 --> 00:18:39.240 align:start position:0% that has 40 stake she doesn't have very 00:18:39.240 --> 00:18:41.870 align:start position:0% that has 40 stake she doesn't have very she<00:18:39.720> has<00:18:39.840> very<00:18:40.020> common<00:18:40.140> sbts<00:18:40.919> so<00:18:41.340> that<00:18:41.580> kind<00:18:41.700> of 00:18:41.870 --> 00:18:41.880 align:start position:0% she has very common sbts so that kind of 00:18:41.880 --> 00:18:44.570 align:start position:0% she has very common sbts so that kind of dilutes<00:18:42.419> her<00:18:42.539> influence<00:18:42.900> a<00:18:43.080> bit<00:18:43.200> uh<00:18:44.100> whereas 00:18:44.570 --> 00:18:44.580 align:start position:0% dilutes her influence a bit uh whereas 00:18:44.580 --> 00:18:47.390 align:start position:0% dilutes her influence a bit uh whereas like<00:18:44.880> other<00:18:45.059> people<00:18:45.360> with<00:18:45.960> less<00:18:46.500> stake<00:18:46.980> but 00:18:47.390 --> 00:18:47.400 align:start position:0% like other people with less stake but 00:18:47.400 --> 00:18:51.169 align:start position:0% like other people with less stake but uncommon<00:18:48.000> sbts<00:18:48.720> get<00:18:49.559> get<00:18:50.220> more<00:18:50.460> of<00:18:50.700> a<00:18:50.820> chance 00:18:51.169 --> 00:18:51.179 align:start position:0% uncommon sbts get get more of a chance 00:18:51.179 --> 00:18:54.770 align:start position:0% uncommon sbts get get more of a chance of<00:18:51.360> being<00:18:51.480> drawn<00:18:52.340> and<00:18:53.340> this<00:18:53.700> is<00:18:53.880> a<00:18:54.419> potentially 00:18:54.770 --> 00:18:54.780 align:start position:0% of being drawn and this is a potentially 00:18:54.780 --> 00:18:58.010 align:start position:0% of being drawn and this is a potentially natural<00:18:55.020> thing<00:18:55.320> to<00:18:55.500> do<00:18:55.580> uh<00:18:56.580> at<00:18:56.940> using<00:18:57.480> spts<00:18:57.900> at 00:18:58.010 --> 00:18:58.020 align:start position:0% natural thing to do uh at using spts at 00:18:58.020 --> 00:18:59.390 align:start position:0% natural thing to do uh at using spts at all<00:18:58.140> in<00:18:58.260> Clarence<00:18:58.559> to<00:18:58.860> sort<00:18:59.039> of<00:18:59.160> like 00:18:59.390 --> 00:18:59.400 align:start position:0% all in Clarence to sort of like 00:18:59.400 --> 00:19:02.390 align:start position:0% all in Clarence to sort of like interface<00:19:00.059> with<00:19:00.480> zero<00:19:01.080> selection<00:19:01.380> uh<00:19:02.100> will<00:19:02.280> it 00:19:02.390 --> 00:19:02.400 align:start position:0% interface with zero selection uh will it 00:19:02.400 --> 00:19:03.950 align:start position:0% interface with zero selection uh will it allow<00:19:02.580> us<00:19:02.700> to<00:19:02.880> have<00:19:03.000> an<00:19:03.120> explicit<00:19:03.539> procedure 00:19:03.950 --> 00:19:03.960 align:start position:0% allow us to have an explicit procedure 00:19:03.960 --> 00:19:06.049 align:start position:0% allow us to have an explicit procedure where<00:19:04.260> in<00:19:04.799> some<00:19:04.919> courts<00:19:05.340> in<00:19:05.520> some<00:19:05.700> decisions 00:19:06.049 --> 00:19:06.059 align:start position:0% where in some courts in some decisions 00:19:06.059 --> 00:19:07.730 align:start position:0% where in some courts in some decisions in<00:19:06.419> order<00:19:06.600> to<00:19:06.720> be<00:19:06.900> drawn<00:19:07.260> you<00:19:07.440> need<00:19:07.559> to<00:19:07.679> have 00:19:07.730 --> 00:19:07.740 align:start position:0% in order to be drawn you need to have 00:19:07.740 --> 00:19:09.770 align:start position:0% in order to be drawn you need to have expertise<00:19:08.220> in<00:19:08.400> relevant<00:19:08.760> cases<00:19:09.240> by<00:19:09.419> having<00:19:09.539> an 00:19:09.770 --> 00:19:09.780 align:start position:0% expertise in relevant cases by having an 00:19:09.780 --> 00:19:10.909 align:start position:0% expertise in relevant cases by having an expertise<00:19:10.260> that<00:19:10.380> says<00:19:10.559> that<00:19:10.620> you<00:19:10.740> were<00:19:10.860> an 00:19:10.909 --> 00:19:10.919 align:start position:0% expertise that says that you were an 00:19:10.919 --> 00:19:13.010 align:start position:0% expertise that says that you were an expert<00:19:11.160> in<00:19:11.280> that<00:19:11.400> case<00:19:11.580> so<00:19:12.120> currently<00:19:12.480> claros 00:19:13.010 --> 00:19:13.020 align:start position:0% expert in that case so currently claros 00:19:13.020 --> 00:19:14.330 align:start position:0% expert in that case so currently claros has<00:19:13.200> like<00:19:13.260> a<00:19:13.380> game<00:19:13.440> theoretic<00:19:13.860> mechanism<00:19:14.100> to 00:19:14.330 --> 00:19:14.340 align:start position:0% has like a game theoretic mechanism to 00:19:14.340 --> 00:19:15.409 align:start position:0% has like a game theoretic mechanism to discourage<00:19:14.700> people<00:19:14.820> from<00:19:15.000> sticking<00:19:15.360> where 00:19:15.409 --> 00:19:15.419 align:start position:0% discourage people from sticking where 00:19:15.419 --> 00:19:16.970 align:start position:0% discourage people from sticking where they're<00:19:15.539> not<00:19:15.660> experts<00:19:16.140> but<00:19:16.559> this<00:19:16.679> would<00:19:16.799> allow 00:19:16.970 --> 00:19:16.980 align:start position:0% they're not experts but this would allow 00:19:16.980 --> 00:19:18.350 align:start position:0% they're not experts but this would allow us<00:19:17.039> to<00:19:17.160> have<00:19:17.280> like<00:19:17.400> an<00:19:17.580> explicit<00:19:18.000> mechanism 00:19:18.350 --> 00:19:18.360 align:start position:0% us to have like an explicit mechanism 00:19:18.360 --> 00:19:20.450 align:start position:0% us to have like an explicit mechanism that's<00:19:18.660> an<00:19:18.840> extra<00:19:18.960> layer<00:19:19.320> of<00:19:19.380> security<00:19:19.559> more 00:19:20.450 --> 00:19:20.460 align:start position:0% that's an extra layer of security more 00:19:20.460 --> 00:19:21.529 align:start position:0% that's an extra layer of security more generally 00:19:21.529 --> 00:19:21.539 align:start position:0% generally 00:19:21.539 --> 00:19:23.390 align:start position:0% generally by<00:19:22.140> having<00:19:22.320> people<00:19:22.679> that<00:19:23.039> come<00:19:23.220> from 00:19:23.390 --> 00:19:23.400 align:start position:0% by having people that come from 00:19:23.400 --> 00:19:25.070 align:start position:0% by having people that come from anti-correlated<00:19:24.179> groups 00:19:25.070 --> 00:19:25.080 align:start position:0% anti-correlated groups 00:19:25.080 --> 00:19:27.409 align:start position:0% anti-correlated groups as<00:19:25.740> have<00:19:26.100> different<00:19:26.280> spts<00:19:26.940> attest<00:19:27.299> to 00:19:27.409 --> 00:19:27.419 align:start position:0% as have different spts attest to 00:19:27.419 --> 00:19:30.110 align:start position:0% as have different spts attest to different<00:19:27.600> experiences<00:19:28.080> uh<00:19:28.860> you<00:19:29.100> get<00:19:29.220> a<00:19:29.460> tying 00:19:30.110 --> 00:19:30.120 align:start position:0% different experiences uh you get a tying 00:19:30.120 --> 00:19:31.430 align:start position:0% different experiences uh you get a tying into<00:19:30.240> like<00:19:30.419> wisdom<00:19:30.660> of<00:19:30.840> the<00:19:30.960> crowd's<00:19:31.260> ideas 00:19:31.430 --> 00:19:31.440 align:start position:0% into like wisdom of the crowd's ideas 00:19:31.440 --> 00:19:32.810 align:start position:0% into like wisdom of the crowd's ideas there's<00:19:31.919> been<00:19:32.100> a<00:19:32.220> lot<00:19:32.280> of<00:19:32.340> research<00:19:32.640> that 00:19:32.810 --> 00:19:32.820 align:start position:0% there's been a lot of research that 00:19:32.820 --> 00:19:34.190 align:start position:0% there's been a lot of research that shows<00:19:33.120> that<00:19:33.299> groups<00:19:33.600> of<00:19:33.720> diverse<00:19:34.020> problem 00:19:34.190 --> 00:19:34.200 align:start position:0% shows that groups of diverse problem 00:19:34.200 --> 00:19:35.210 align:start position:0% shows that groups of diverse problem solvers<00:19:34.620> or<00:19:34.740> groups<00:19:34.980> of<00:19:35.039> different 00:19:35.210 --> 00:19:35.220 align:start position:0% solvers or groups of different 00:19:35.220 --> 00:19:37.130 align:start position:0% solvers or groups of different experiences<00:19:35.700> can<00:19:36.179> often<00:19:36.480> produce<00:19:36.840> better 00:19:37.130 --> 00:19:37.140 align:start position:0% experiences can often produce better 00:19:37.140 --> 00:19:40.730 align:start position:0% experiences can often produce better results<00:19:37.500> than<00:19:38.280> more<00:19:38.520> monolithic<00:19:39.179> groups<00:19:39.740> uh 00:19:40.730 --> 00:19:40.740 align:start position:0% results than more monolithic groups uh 00:19:40.740 --> 00:19:42.169 align:start position:0% results than more monolithic groups uh so<00:19:40.980> potentially<00:19:41.340> we<00:19:41.640> could<00:19:41.760> produce<00:19:42.000> better 00:19:42.169 --> 00:19:42.179 align:start position:0% so potentially we could produce better 00:19:42.179 --> 00:19:44.270 align:start position:0% so potentially we could produce better decisions<00:19:42.600> by<00:19:42.960> by<00:19:43.080> having<00:19:43.320> this<00:19:43.620> social<00:19:43.860> layer 00:19:44.270 --> 00:19:44.280 align:start position:0% decisions by by having this social layer 00:19:44.280 --> 00:19:45.950 align:start position:0% decisions by by having this social layer in<00:19:44.340> class<00:19:44.580> uh<00:19:45.360> but<00:19:45.480> you<00:19:45.600> have<00:19:45.660> to<00:19:45.720> ask<00:19:45.840> okay 00:19:45.950 --> 00:19:45.960 align:start position:0% in class uh but you have to ask okay 00:19:45.960 --> 00:19:48.470 align:start position:0% in class uh but you have to ask okay what's<00:19:46.260> the<00:19:46.440> security<00:19:46.559> model<00:19:46.919> here<00:19:47.220> uh<00:19:48.179> what 00:19:48.470 --> 00:19:48.480 align:start position:0% what's the security model here uh what 00:19:48.480 --> 00:19:50.390 align:start position:0% what's the security model here uh what happens<00:19:48.720> particularly<00:19:49.620> if<00:19:49.860> an<00:19:50.039> attacker 00:19:50.390 --> 00:19:50.400 align:start position:0% happens particularly if an attacker 00:19:50.400 --> 00:19:53.090 align:start position:0% happens particularly if an attacker breaks<00:19:50.760> the<00:19:50.880> distribution<00:19:51.240> of<00:19:51.419> an<00:19:51.539> spt<00:19:51.960> uh<00:19:52.860> if 00:19:53.090 --> 00:19:53.100 align:start position:0% breaks the distribution of an spt uh if 00:19:53.100 --> 00:19:54.470 align:start position:0% breaks the distribution of an spt uh if there<00:19:53.280> are<00:19:53.340> lots<00:19:53.520> of<00:19:53.520> spts<00:19:54.000> being<00:19:54.120> ordered<00:19:54.419> by 00:19:54.470 --> 00:19:54.480 align:start position:0% there are lots of spts being ordered by 00:19:54.480 --> 00:19:55.730 align:start position:0% there are lots of spts being ordered by lots<00:19:54.720> of<00:19:54.780> different<00:19:54.840> entities<00:19:55.200> you<00:19:55.679> know 00:19:55.730 --> 00:19:55.740 align:start position:0% lots of different entities you know 00:19:55.740 --> 00:19:56.930 align:start position:0% lots of different entities you know maybe<00:19:55.860> some<00:19:56.100> of<00:19:56.220> them<00:19:56.340> will<00:19:56.400> be<00:19:56.580> more<00:19:56.700> secure 00:19:56.930 --> 00:19:56.940 align:start position:0% maybe some of them will be more secure 00:19:56.940 --> 00:19:59.450 align:start position:0% maybe some of them will be more secure than<00:19:57.120> others<00:19:57.480> uh<00:19:58.380> and<00:19:58.860> then<00:19:59.039> you<00:19:59.160> have<00:19:59.280> other 00:19:59.450 --> 00:19:59.460 align:start position:0% than others uh and then you have other 00:19:59.460 --> 00:20:01.130 align:start position:0% than others uh and then you have other questions<00:19:59.700> like<00:20:00.059> are<00:20:00.660> the<00:20:00.780> participants 00:20:01.130 --> 00:20:01.140 align:start position:0% questions like are the participants 00:20:01.140 --> 00:20:02.810 align:start position:0% questions like are the participants incentivized<00:20:01.740> to<00:20:01.860> keep<00:20:01.919> the<00:20:02.039> spts<00:20:02.460> all<00:20:02.580> in<00:20:02.760> the 00:20:02.810 --> 00:20:02.820 align:start position:0% incentivized to keep the spts all in the 00:20:02.820 --> 00:20:04.850 align:start position:0% incentivized to keep the spts all in the same<00:20:02.940> address<00:20:03.059> or<00:20:03.299> split<00:20:03.600> them<00:20:03.720> up<00:20:03.840> like<00:20:04.559> you 00:20:04.850 --> 00:20:04.860 align:start position:0% same address or split them up like you 00:20:04.860 --> 00:20:07.310 align:start position:0% same address or split them up like you you<00:20:05.100> want<00:20:05.580> people<00:20:05.820> to<00:20:06.120> sort<00:20:06.900> of<00:20:06.960> take<00:20:07.140> their 00:20:07.310 --> 00:20:07.320 align:start position:0% you want people to sort of take their 00:20:07.320 --> 00:20:09.830 align:start position:0% you want people to sort of take their identity<00:20:07.640> well<00:20:08.640> it's<00:20:09.120> you<00:20:09.419> want<00:20:09.539> people<00:20:09.720> to 00:20:09.830 --> 00:20:09.840 align:start position:0% identity well it's you want people to 00:20:09.840 --> 00:20:10.909 align:start position:0% identity well it's you want people to have<00:20:09.960> at<00:20:10.140> least<00:20:10.200> certain<00:20:10.320> aspects<00:20:10.679> of<00:20:10.799> that 00:20:10.909 --> 00:20:10.919 align:start position:0% have at least certain aspects of that 00:20:10.919 --> 00:20:11.990 align:start position:0% have at least certain aspects of that they're<00:20:11.160> all<00:20:11.280> in<00:20:11.340> the<00:20:11.400> same<00:20:11.520> wallet<00:20:11.760> rather 00:20:11.990 --> 00:20:12.000 align:start position:0% they're all in the same wallet rather 00:20:12.000 --> 00:20:13.970 align:start position:0% they're all in the same wallet rather than<00:20:12.120> having<00:20:12.299> like<00:20:12.539> different<00:20:13.020> sbts<00:20:13.740> on<00:20:13.860> each 00:20:13.970 --> 00:20:13.980 align:start position:0% than having like different sbts on each 00:20:13.980 --> 00:20:15.590 align:start position:0% than having like different sbts on each one<00:20:14.100> like<00:20:14.340> one<00:20:14.460> spt<00:20:14.880> per<00:20:15.059> wallet<00:20:15.360> or<00:20:15.480> something 00:20:15.590 --> 00:20:15.600 align:start position:0% one like one spt per wallet or something 00:20:15.600 --> 00:20:17.090 align:start position:0% one like one spt per wallet or something uh 00:20:17.090 --> 00:20:17.100 align:start position:0% uh 00:20:17.100 --> 00:20:19.669 align:start position:0% uh um<00:20:17.220> and<00:20:18.000> um<00:20:18.120> so<00:20:18.419> imagine<00:20:18.600> this<00:20:19.200> for<00:20:19.500> the<00:20:19.620> first 00:20:19.669 --> 00:20:19.679 align:start position:0% um and um so imagine this for the first 00:20:19.679 --> 00:20:21.950 align:start position:0% um and um so imagine this for the first point<00:20:19.860> what<00:20:20.100> happens<00:20:20.220> if<00:20:20.460> an<00:20:20.520> spt<00:20:20.880> is<00:20:21.059> broken<00:20:21.240> a 00:20:21.950 --> 00:20:21.960 align:start position:0% point what happens if an spt is broken a 00:20:21.960 --> 00:20:24.289 align:start position:0% point what happens if an spt is broken a simple<00:20:22.080> example<00:20:22.559> so<00:20:23.160> imagine<00:20:23.400> that<00:20:23.760> like<00:20:24.000> the 00:20:24.289 --> 00:20:24.299 align:start position:0% simple example so imagine that like the 00:20:24.299 --> 00:20:26.150 align:start position:0% simple example so imagine that like the attacker<00:20:24.660> can<00:20:24.900> break<00:20:25.140> the<00:20:25.559> distribution<00:20:25.919> of 00:20:26.150 --> 00:20:26.160 align:start position:0% attacker can break the distribution of 00:20:26.160 --> 00:20:28.490 align:start position:0% attacker can break the distribution of this<00:20:26.280> like<00:20:26.400> diploma<00:20:26.760> he<00:20:27.120> hacks<00:20:27.480> into<00:20:27.600> Coursera 00:20:28.490 --> 00:20:28.500 align:start position:0% this like diploma he hacks into Coursera 00:20:28.500 --> 00:20:30.470 align:start position:0% this like diploma he hacks into Coursera or<00:20:28.559> whatever<00:20:28.740> and<00:20:29.100> like<00:20:29.520> can<00:20:29.880> produce<00:20:30.120> tons<00:20:30.360> of 00:20:30.470 --> 00:20:30.480 align:start position:0% or whatever and like can produce tons of 00:20:30.480 --> 00:20:32.510 align:start position:0% or whatever and like can produce tons of profiles<00:20:30.900> with<00:20:31.080> the<00:20:31.200> diploma<00:20:31.500> if<00:20:32.039> you<00:20:32.160> have<00:20:32.280> a 00:20:32.510 --> 00:20:32.520 align:start position:0% profiles with the diploma if you have a 00:20:32.520 --> 00:20:34.789 align:start position:0% profiles with the diploma if you have a group<00:20:32.640> as<00:20:33.179> evidenced<00:20:33.600> by<00:20:33.720> this<00:20:33.960> that<00:20:34.440> sort<00:20:34.679> of 00:20:34.789 --> 00:20:34.799 align:start position:0% group as evidenced by this that sort of 00:20:34.799 --> 00:20:36.230 align:start position:0% group as evidenced by this that sort of pulled<00:20:35.039> out<00:20:35.100> of<00:20:35.220> this<00:20:35.400> like<00:20:35.640> clustering 00:20:36.230 --> 00:20:36.240 align:start position:0% pulled out of this like clustering 00:20:36.240 --> 00:20:37.970 align:start position:0% pulled out of this like clustering algorithm<00:20:36.600> anti-correlation<00:20:37.500> mechanism 00:20:37.970 --> 00:20:37.980 align:start position:0% algorithm anti-correlation mechanism 00:20:37.980 --> 00:20:40.250 align:start position:0% algorithm anti-correlation mechanism that<00:20:38.880> has<00:20:39.179> that's<00:20:39.660> basically<00:20:40.080> just 00:20:40.250 --> 00:20:40.260 align:start position:0% that has that's basically just 00:20:40.260 --> 00:20:42.350 align:start position:0% that has that's basically just characterized<00:20:40.740> by<00:20:40.860> having<00:20:41.039> the<00:20:41.220> diploma<00:20:41.580> uh 00:20:42.350 --> 00:20:42.360 align:start position:0% characterized by having the diploma uh 00:20:42.360 --> 00:20:43.850 align:start position:0% characterized by having the diploma uh then<00:20:42.539> the<00:20:42.720> attacker<00:20:43.020> can<00:20:43.200> perfectly<00:20:43.559> copy 00:20:43.850 --> 00:20:43.860 align:start position:0% then the attacker can perfectly copy 00:20:43.860 --> 00:20:45.169 align:start position:0% then the attacker can perfectly copy them<00:20:44.039> he<00:20:44.220> can<00:20:44.340> make<00:20:44.460> an<00:20:44.580> infinite<00:20:44.880> number<00:20:45.000> of 00:20:45.169 --> 00:20:45.179 align:start position:0% them he can make an infinite number of 00:20:45.179 --> 00:20:47.270 align:start position:0% them he can make an infinite number of profiles<00:20:45.780> or<00:20:46.140> a<00:20:46.320> large<00:20:46.440> number<00:20:46.620> of<00:20:46.740> profiles 00:20:47.270 --> 00:20:47.280 align:start position:0% profiles or a large number of profiles 00:20:47.280 --> 00:20:49.310 align:start position:0% profiles or a large number of profiles that<00:20:48.000> exactly<00:20:48.419> mimic<00:20:48.780> people<00:20:48.960> in<00:20:49.080> the<00:20:49.200> group 00:20:49.310 --> 00:20:49.320 align:start position:0% that exactly mimic people in the group 00:20:49.320 --> 00:20:50.750 align:start position:0% that exactly mimic people in the group so<00:20:49.559> he<00:20:49.740> can<00:20:49.860> steal<00:20:49.980> all<00:20:50.160> of<00:20:50.280> their<00:20:50.400> weight<00:20:50.520> and 00:20:50.750 --> 00:20:50.760 align:start position:0% so he can steal all of their weight and 00:20:50.760 --> 00:20:51.950 align:start position:0% so he can steal all of their weight and that's<00:20:50.880> inevitable<00:20:51.299> you<00:20:51.539> know<00:20:51.600> no<00:20:51.780> matter 00:20:51.950 --> 00:20:51.960 align:start position:0% that's inevitable you know no matter 00:20:51.960 --> 00:20:54.470 align:start position:0% that's inevitable you know no matter what<00:20:52.140> weighting<00:20:52.620> you<00:20:52.740> use<00:20:52.919> uh<00:20:53.820> what's<00:20:54.000> a<00:20:54.240> more 00:20:54.470 --> 00:20:54.480 align:start position:0% what weighting you use uh what's a more 00:20:54.480 --> 00:20:55.909 align:start position:0% what weighting you use uh what's a more interesting<00:20:54.780> question<00:20:54.960> is<00:20:55.260> what<00:20:55.440> happens<00:20:55.620> if 00:20:55.909 --> 00:20:55.919 align:start position:0% interesting question is what happens if 00:20:55.919 --> 00:20:57.590 align:start position:0% interesting question is what happens if the<00:20:56.100> attacker<00:20:56.520> well<00:20:56.940> what<00:20:57.059> happens<00:20:57.179> if<00:20:57.419> the 00:20:57.590 --> 00:20:57.600 align:start position:0% the attacker well what happens if the 00:20:57.600 --> 00:21:00.049 align:start position:0% the attacker well what happens if the group<00:20:57.780> is<00:20:58.380> characterized<00:20:58.860> by<00:20:58.980> having<00:20:59.100> ksbts 00:21:00.049 --> 00:21:00.059 align:start position:0% group is characterized by having ksbts 00:21:00.059 --> 00:21:02.270 align:start position:0% group is characterized by having ksbts so<00:21:00.419> I<00:21:00.539> have<00:21:00.660> a<00:21:00.780> group<00:21:00.900> of<00:21:01.020> people<00:21:01.260> like<00:21:01.919> most<00:21:02.160> of 00:21:02.270 --> 00:21:02.280 align:start position:0% so I have a group of people like most of 00:21:02.280 --> 00:21:04.070 align:start position:0% so I have a group of people like most of whom<00:21:02.400> have<00:21:02.640> the<00:21:02.820> same<00:21:02.880> ksbts<00:21:03.660> you<00:21:03.900> know<00:21:03.960> maybe 00:21:04.070 --> 00:21:04.080 align:start position:0% whom have the same ksbts you know maybe 00:21:04.080 --> 00:21:05.750 align:start position:0% whom have the same ksbts you know maybe they<00:21:04.260> share<00:21:04.440> a<00:21:04.500> few<00:21:04.620> ksbts<00:21:05.220> with<00:21:05.280> other<00:21:05.460> people 00:21:05.750 --> 00:21:05.760 align:start position:0% they share a few ksbts with other people 00:21:05.760 --> 00:21:08.510 align:start position:0% they share a few ksbts with other people but<00:21:05.940> mostly<00:21:06.299> like<00:21:06.660> they<00:21:07.620> have<00:21:07.740> those<00:21:07.919> ksbts 00:21:08.510 --> 00:21:08.520 align:start position:0% but mostly like they have those ksbts 00:21:08.520 --> 00:21:10.310 align:start position:0% but mostly like they have those ksbts and<00:21:08.700> other<00:21:08.820> groups<00:21:09.059> don't<00:21:09.240> uh<00:21:10.080> and<00:21:10.260> the 00:21:10.310 --> 00:21:10.320 align:start position:0% and other groups don't uh and the 00:21:10.320 --> 00:21:12.529 align:start position:0% and other groups don't uh and the attacker<00:21:10.620> just<00:21:10.740> breaks<00:21:11.100> one<00:21:11.400> of<00:21:11.580> the<00:21:11.640> sbts<00:21:12.299> the 00:21:12.529 --> 00:21:12.539 align:start position:0% attacker just breaks one of the sbts the 00:21:12.539 --> 00:21:14.690 align:start position:0% attacker just breaks one of the sbts the diploma<00:21:12.900> uh<00:21:13.679> well<00:21:13.860> then<00:21:13.980> now<00:21:14.160> you<00:21:14.340> get<00:21:14.460> this 00:21:14.690 --> 00:21:14.700 align:start position:0% diploma uh well then now you get this 00:21:14.700 --> 00:21:16.549 align:start position:0% diploma uh well then now you get this like<00:21:14.880> back<00:21:15.179> to<00:21:15.360> the<00:21:15.480> block<00:21:15.660> Matrix<00:21:16.140> you<00:21:16.440> have 00:21:16.549 --> 00:21:16.559 align:start position:0% like back to the block Matrix you have 00:21:16.559 --> 00:21:18.890 align:start position:0% like back to the block Matrix you have something<00:21:16.679> that<00:21:16.799> looks<00:21:16.919> like<00:21:16.980> like<00:21:17.460> this<00:21:17.900> now 00:21:18.890 --> 00:21:18.900 align:start position:0% something that looks like like this now 00:21:18.900 --> 00:21:20.510 align:start position:0% something that looks like like this now the<00:21:19.200> correlation<00:21:19.559> between<00:21:19.860> the<00:21:20.100> attacker<00:21:20.400> and 00:21:20.510 --> 00:21:20.520 align:start position:0% the correlation between the attacker and 00:21:20.520 --> 00:21:22.130 align:start position:0% the correlation between the attacker and the<00:21:20.640> victims<00:21:21.000> is<00:21:21.179> like<00:21:21.419> one<00:21:21.539> over<00:21:21.720> K<00:21:21.900> because 00:21:22.130 --> 00:21:22.140 align:start position:0% the victims is like one over K because 00:21:22.140 --> 00:21:23.930 align:start position:0% the victims is like one over K because he<00:21:22.320> has<00:21:22.440> one<00:21:22.559> of<00:21:22.679> their<00:21:22.740> sbts<00:21:23.340> and<00:21:23.700> you<00:21:23.880> can 00:21:23.930 --> 00:21:23.940 align:start position:0% he has one of their sbts and you can 00:21:23.940 --> 00:21:26.210 align:start position:0% he has one of their sbts and you can solve<00:21:24.240> for<00:21:24.360> this<00:21:24.600> and<00:21:25.260> under<00:21:25.679> the<00:21:25.919> offset 00:21:26.210 --> 00:21:26.220 align:start position:0% solve for this and under the offset 00:21:26.220 --> 00:21:28.909 align:start position:0% solve for this and under the offset match<00:21:26.520> or<00:21:27.000> the<00:21:27.120> offset<00:21:27.419> weighting<00:21:27.840> uh<00:21:28.500> the<00:21:28.740> uh 00:21:28.909 --> 00:21:28.919 align:start position:0% match or the offset weighting uh the uh 00:21:28.919 --> 00:21:29.990 align:start position:0% match or the offset weighting uh the uh the<00:21:29.039> attacker<00:21:29.340> still<00:21:29.400> takes<00:21:29.580> almost<00:21:29.700> all<00:21:29.880> the 00:21:29.990 --> 00:21:30.000 align:start position:0% the attacker still takes almost all the 00:21:30.000 --> 00:21:31.310 align:start position:0% the attacker still takes almost all the weight<00:21:30.120> because<00:21:30.299> of<00:21:30.480> this<00:21:30.600> Quirk<00:21:30.960> with<00:21:31.080> people 00:21:31.310 --> 00:21:31.320 align:start position:0% weight because of this Quirk with people 00:21:31.320 --> 00:21:34.370 align:start position:0% weight because of this Quirk with people of<00:21:32.159> supersets<00:21:32.640> and<00:21:32.880> subsets<00:21:33.240> uh<00:21:34.020> where<00:21:34.200> super 00:21:34.370 --> 00:21:34.380 align:start position:0% of supersets and subsets uh where super 00:21:34.380 --> 00:21:36.289 align:start position:0% of supersets and subsets uh where super people<00:21:34.679> with<00:21:34.860> super<00:21:35.100> sets<00:21:35.520> of<00:21:35.580> spts<00:21:36.120> don't 00:21:36.289 --> 00:21:36.299 align:start position:0% people with super sets of spts don't 00:21:36.299 --> 00:21:39.049 align:start position:0% people with super sets of spts don't don't<00:21:36.480> get<00:21:36.600> any<00:21:36.720> weight<00:21:37.039> uh<00:21:38.039> so<00:21:38.400> that's<00:21:38.820> not 00:21:39.049 --> 00:21:39.059 align:start position:0% don't get any weight uh so that's not 00:21:39.059 --> 00:21:40.669 align:start position:0% don't get any weight uh so that's not great<00:21:39.299> but<00:21:39.659> like<00:21:39.960> you<00:21:40.260> know<00:21:40.320> you<00:21:40.620> could 00:21:40.669 --> 00:21:40.679 align:start position:0% great but like you know you could 00:21:40.679 --> 00:21:42.950 align:start position:0% great but like you know you could imagine<00:21:40.860> adapting<00:21:41.520> this<00:21:41.700> somehow<00:21:42.120> to<00:21:42.720> try<00:21:42.840> to 00:21:42.950 --> 00:21:42.960 align:start position:0% imagine adapting this somehow to try to 00:21:42.960 --> 00:21:44.529 align:start position:0% imagine adapting this somehow to try to be<00:21:43.080> resistant<00:21:43.500> to<00:21:43.620> this<00:21:43.980> kind<00:21:44.159> of<00:21:44.280> attack 00:21:44.529 --> 00:21:44.539 align:start position:0% be resistant to this kind of attack 00:21:44.539 --> 00:21:47.930 align:start position:0% be resistant to this kind of attack ultimately<00:21:45.539> you<00:21:46.140> would<00:21:46.260> want<00:21:46.640> something<00:21:47.640> that 00:21:47.930 --> 00:21:47.940 align:start position:0% ultimately you would want something that 00:21:47.940 --> 00:21:49.789 align:start position:0% ultimately you would want something that kind<00:21:48.120> of<00:21:48.240> looks<00:21:48.600> like<00:21:49.140> what<00:21:49.320> we<00:21:49.440> had<00:21:49.559> with 00:21:49.789 --> 00:21:49.799 align:start position:0% kind of looks like what we had with 00:21:49.799 --> 00:21:51.230 align:start position:0% kind of looks like what we had with proof<00:21:50.100> of<00:21:50.159> personhood<00:21:50.520> being<00:21:50.760> matched<00:21:51.059> with 00:21:51.230 --> 00:21:51.240 align:start position:0% proof of personhood being matched with 00:21:51.240 --> 00:21:53.570 align:start position:0% proof of personhood being matched with the<00:21:51.360> economic<00:21:51.720> staking<00:21:52.020> where<00:21:52.860> adding<00:21:53.400> this 00:21:53.570 --> 00:21:53.580 align:start position:0% the economic staking where adding this 00:21:53.580 --> 00:21:56.630 align:start position:0% the economic staking where adding this social<00:21:53.820> layer<00:21:54.419> kind<00:21:55.020> of<00:21:55.200> adds<00:21:56.100> security<00:21:56.220> and 00:21:56.630 --> 00:21:56.640 align:start position:0% social layer kind of adds security and 00:21:56.640 --> 00:21:58.010 align:start position:0% social layer kind of adds security and mesh<00:21:56.880> as<00:21:57.000> well<00:21:57.120> with<00:21:57.299> the<00:21:57.419> existing<00:21:57.659> Economic 00:21:58.010 --> 00:21:58.020 align:start position:0% mesh as well with the existing Economic 00:21:58.020 --> 00:21:58.909 align:start position:0% mesh as well with the existing Economic Security 00:21:58.909 --> 00:21:58.919 align:start position:0% Security 00:21:58.919 --> 00:22:00.770 align:start position:0% Security uh<00:21:59.460> so<00:21:59.700> some<00:21:59.880> there<00:22:00.120> are<00:22:00.240> other<00:22:00.299> potential 00:22:00.770 --> 00:22:00.780 align:start position:0% uh so some there are other potential 00:22:00.780 --> 00:22:03.590 align:start position:0% uh so some there are other potential waiting<00:22:01.080> schemes<00:22:01.320> one<00:22:01.500> could<00:22:01.679> imagine<00:22:02.240> uh<00:22:03.240> so 00:22:03.590 --> 00:22:03.600 align:start position:0% waiting schemes one could imagine uh so 00:22:03.600 --> 00:22:05.450 align:start position:0% waiting schemes one could imagine uh so this<00:22:03.960> idea<00:22:04.380> is<00:22:04.679> related<00:22:04.919> to<00:22:05.039> eigenvector 00:22:05.450 --> 00:22:05.460 align:start position:0% this idea is related to eigenvector 00:22:05.460 --> 00:22:07.669 align:start position:0% this idea is related to eigenvector centrality<00:22:06.059> uh<00:22:06.720> it's<00:22:06.900> some<00:22:07.260> similar<00:22:07.559> to<00:22:07.620> the 00:22:07.669 --> 00:22:07.679 align:start position:0% centrality uh it's some similar to the 00:22:07.679 --> 00:22:10.430 align:start position:0% centrality uh it's some similar to the idea<00:22:07.919> used<00:22:08.100> in<00:22:08.280> the<00:22:08.400> pagerank<00:22:08.760> algorithm<00:22:09.440> uh 00:22:10.430 --> 00:22:10.440 align:start position:0% idea used in the pagerank algorithm uh 00:22:10.440 --> 00:22:12.350 align:start position:0% idea used in the pagerank algorithm uh so<00:22:10.919> in<00:22:11.400> the<00:22:11.700> original<00:22:11.820> version<00:22:12.179> of 00:22:12.350 --> 00:22:12.360 align:start position:0% so in the original version of 00:22:12.360 --> 00:22:13.669 align:start position:0% so in the original version of eigenvector<00:22:12.720> centrality<00:22:13.260> there's<00:22:13.380> not<00:22:13.559> this 00:22:13.669 --> 00:22:13.679 align:start position:0% eigenvector centrality there's not this 00:22:13.679 --> 00:22:16.549 align:start position:0% eigenvector centrality there's not this like<00:22:13.860> one<00:22:13.980> over<00:22:14.220> in<00:22:14.700> the<00:22:14.820> in<00:22:15.059> the<00:22:15.240> equation<00:22:15.559> uh 00:22:16.549 --> 00:22:16.559 align:start position:0% like one over in the in the equation uh 00:22:16.559 --> 00:22:17.330 align:start position:0% like one over in the in the equation uh and 00:22:17.330 --> 00:22:17.340 align:start position:0% and 00:22:17.340 --> 00:22:19.190 align:start position:0% and conveniently<00:22:18.059> simply<00:22:18.419> enough<00:22:18.539> you<00:22:19.020> can<00:22:19.140> kind 00:22:19.190 --> 00:22:19.200 align:start position:0% conveniently simply enough you can kind 00:22:19.200 --> 00:22:20.029 align:start position:0% conveniently simply enough you can kind of<00:22:19.260> turn<00:22:19.380> it<00:22:19.500> into<00:22:19.559> a<00:22:19.740> measure<00:22:19.980> of 00:22:20.029 --> 00:22:20.039 align:start position:0% of turn it into a measure of 00:22:20.039 --> 00:22:21.890 align:start position:0% of turn it into a measure of anti-correlation<00:22:20.700> or<00:22:20.940> anti-centrality<00:22:21.659> just 00:22:21.890 --> 00:22:21.900 align:start position:0% anti-correlation or anti-centrality just 00:22:21.900 --> 00:22:24.470 align:start position:0% anti-correlation or anti-centrality just by<00:22:22.020> putting<00:22:22.320> one<00:22:22.440> over<00:22:22.679> uh<00:22:23.580> so<00:22:23.820> this<00:22:24.179> still 00:22:24.470 --> 00:22:24.480 align:start position:0% by putting one over uh so this still 00:22:24.480 --> 00:22:25.909 align:start position:0% by putting one over uh so this still doesn't<00:22:24.720> fully<00:22:25.200> work<00:22:25.320> it's<00:22:25.500> a<00:22:25.679> little<00:22:25.740> more 00:22:25.909 --> 00:22:25.919 align:start position:0% doesn't fully work it's a little more 00:22:25.919 --> 00:22:27.590 align:start position:0% doesn't fully work it's a little more resistant<00:22:26.340> than<00:22:26.580> the<00:22:26.760> the<00:22:26.880> offset<00:22:27.179> match<00:22:27.360> to 00:22:27.590 --> 00:22:27.600 align:start position:0% resistant than the the offset match to 00:22:27.600 --> 00:22:30.649 align:start position:0% resistant than the the offset match to the<00:22:27.840> the<00:22:29.159> um<00:22:29.159> this<00:22:29.640> like<00:22:29.820> question<00:22:30.299> of<00:22:30.480> what 00:22:30.649 --> 00:22:30.659 align:start position:0% the the um this like question of what 00:22:30.659 --> 00:22:31.909 align:start position:0% the the um this like question of what happens<00:22:30.780> if<00:22:30.960> the<00:22:31.080> attacker<00:22:31.380> breaks<00:22:31.679> one<00:22:31.799> of 00:22:31.909 --> 00:22:31.919 align:start position:0% happens if the attacker breaks one of 00:22:31.919 --> 00:22:35.690 align:start position:0% happens if the attacker breaks one of the<00:22:32.039> the<00:22:32.159> tokens<00:22:32.640> uh<00:22:33.780> so<00:22:34.620> more<00:22:35.159> research<00:22:35.520> can 00:22:35.690 --> 00:22:35.700 align:start position:0% the the tokens uh so more research can 00:22:35.700 --> 00:22:38.149 align:start position:0% the the tokens uh so more research can be<00:22:35.880> done<00:22:36.000> here<00:22:36.299> uh<00:22:37.140> I<00:22:37.320> know<00:22:37.440> Glenn<00:22:37.740> wild<00:22:37.919> at 00:22:38.149 --> 00:22:38.159 align:start position:0% be done here uh I know Glenn wild at 00:22:38.159 --> 00:22:39.529 align:start position:0% be done here uh I know Glenn wild at least<00:22:38.280> is<00:22:38.460> also<00:22:38.760> thinking<00:22:39.059> about<00:22:39.179> some<00:22:39.419> of 00:22:39.529 --> 00:22:39.539 align:start position:0% least is also thinking about some of 00:22:39.539 --> 00:22:40.909 align:start position:0% least is also thinking about some of these<00:22:39.780> things<00:22:39.900> he<00:22:40.200> had<00:22:40.380> some<00:22:40.500> similar<00:22:40.740> ideas 00:22:40.909 --> 00:22:40.919 align:start position:0% these things he had some similar ideas 00:22:40.919 --> 00:22:42.590 align:start position:0% these things he had some similar ideas about<00:22:41.159> econvector<00:22:41.640> centrality<00:22:42.059> that<00:22:42.179> uses<00:22:42.419> a 00:22:42.590 --> 00:22:42.600 align:start position:0% about econvector centrality that uses a 00:22:42.600 --> 00:22:45.169 align:start position:0% about econvector centrality that uses a different<00:22:42.720> formula<00:22:43.340> uh<00:22:44.340> so<00:22:44.640> we<00:22:44.940> can<00:22:45.059> continue 00:22:45.169 --> 00:22:45.179 align:start position:0% different formula uh so we can continue 00:22:45.179 --> 00:22:47.750 align:start position:0% different formula uh so we can continue to<00:22:45.360> think<00:22:45.539> about<00:22:45.659> like<00:22:46.220> what<00:22:47.220> one<00:22:47.400> could<00:22:47.580> put 00:22:47.750 --> 00:22:47.760 align:start position:0% to think about like what one could put 00:22:47.760 --> 00:22:49.549 align:start position:0% to think about like what one could put here<00:22:47.880> that<00:22:48.120> would<00:22:48.299> be<00:22:48.419> attack<00:22:48.720> resistance<00:22:49.320> in 00:22:49.549 --> 00:22:49.559 align:start position:0% here that would be attack resistance in 00:22:49.559 --> 00:22:52.310 align:start position:0% here that would be attack resistance in the<00:22:49.679> most<00:22:49.740> robust<00:22:50.100> way<00:22:50.600> uh<00:22:51.600> and<00:22:51.960> just<00:22:52.200> to 00:22:52.310 --> 00:22:52.320 align:start position:0% the most robust way uh and just to 00:22:52.320 --> 00:22:54.590 align:start position:0% the most robust way uh and just to conclude<00:22:52.679> so<00:22:53.400> proof<00:22:53.760> of<00:22:53.820> personal<00:22:54.000> protocols 00:22:54.590 --> 00:22:54.600 align:start position:0% conclude so proof of personal protocols 00:22:54.600 --> 00:22:56.029 align:start position:0% conclude so proof of personal protocols can<00:22:54.780> provide<00:22:55.020> a<00:22:55.140> natural<00:22:55.260> base<00:22:55.559> layer<00:22:55.919> for 00:22:56.029 --> 00:22:56.039 align:start position:0% can provide a natural base layer for 00:22:56.039 --> 00:22:58.250 align:start position:0% can provide a natural base layer for certain<00:22:56.400> types<00:22:56.700> of<00:22:56.760> social<00:22:56.880> recovery<00:22:57.419> in<00:22:58.140> some 00:22:58.250 --> 00:22:58.260 align:start position:0% certain types of social recovery in some 00:22:58.260 --> 00:23:00.830 align:start position:0% certain types of social recovery in some cases<00:22:58.620> distributions<00:22:59.100> of<00:22:59.280> svts<00:22:59.880> uh<00:23:00.659> ideas 00:23:00.830 --> 00:23:00.840 align:start position:0% cases distributions of svts uh ideas 00:23:00.840 --> 00:23:02.149 align:start position:0% cases distributions of svts uh ideas developed<00:23:01.380> around<00:23:01.500> weight<00:23:01.679> and<00:23:01.860> quadratic 00:23:02.149 --> 00:23:02.159 align:start position:0% developed around weight and quadratic 00:23:02.159 --> 00:23:04.010 align:start position:0% developed around weight and quadratic funding<00:23:02.400> contributions<00:23:02.760> by<00:23:03.120> spts<00:23:03.720> are<00:23:03.840> also 00:23:04.010 --> 00:23:04.020 align:start position:0% funding contributions by spts are also 00:23:04.020 --> 00:23:05.270 align:start position:0% funding contributions by spts are also relevant<00:23:04.200> to<00:23:04.320> other<00:23:04.559> applications<00:23:05.100> like 00:23:05.270 --> 00:23:05.280 align:start position:0% relevant to other applications like 00:23:05.280 --> 00:23:07.070 align:start position:0% relevant to other applications like juror<00:23:05.640> selection<00:23:05.880> maybe<00:23:06.480> you<00:23:06.720> have<00:23:06.900> some 00:23:07.070 --> 00:23:07.080 align:start position:0% juror selection maybe you have some 00:23:07.080 --> 00:23:10.190 align:start position:0% juror selection maybe you have some airdrop<00:23:07.700> and<00:23:08.700> you<00:23:09.000> want<00:23:09.240> to<00:23:09.539> give<00:23:10.020> your 00:23:10.190 --> 00:23:10.200 align:start position:0% airdrop and you want to give your 00:23:10.200 --> 00:23:11.990 align:start position:0% airdrop and you want to give your airdrop<00:23:10.679> to<00:23:10.980> a<00:23:11.159> diverse<00:23:11.520> member<00:23:11.820> people 00:23:11.990 --> 00:23:12.000 align:start position:0% airdrop to a diverse member people 00:23:12.000 --> 00:23:13.669 align:start position:0% airdrop to a diverse member people contribute<00:23:12.480> to<00:23:12.600> your<00:23:12.720> community<00:23:12.900> in<00:23:13.380> a<00:23:13.440> lot<00:23:13.559> of 00:23:13.669 --> 00:23:13.679 align:start position:0% contribute to your community in a lot of 00:23:13.679 --> 00:23:15.770 align:start position:0% contribute to your community in a lot of different<00:23:13.799> ways<00:23:14.360> who've<00:23:15.360> interacted<00:23:15.720> with 00:23:15.770 --> 00:23:15.780 align:start position:0% different ways who've interacted with 00:23:15.780 --> 00:23:16.730 align:start position:0% different ways who've interacted with their<00:23:15.900> protocol<00:23:16.140> in<00:23:16.320> different<00:23:16.440> ways<00:23:16.679> and 00:23:16.730 --> 00:23:16.740 align:start position:0% their protocol in different ways and 00:23:16.740 --> 00:23:17.870 align:start position:0% their protocol in different ways and maybe<00:23:16.860> that<00:23:17.039> could<00:23:17.159> be<00:23:17.280> expressed<00:23:17.580> by<00:23:17.700> having 00:23:17.870 --> 00:23:17.880 align:start position:0% maybe that could be expressed by having 00:23:17.880 --> 00:23:20.169 align:start position:0% maybe that could be expressed by having different<00:23:18.059> spts<00:23:18.720> uh 00:23:20.169 --> 00:23:20.179 align:start position:0% different spts uh 00:23:20.179 --> 00:23:22.850 align:start position:0% different spts uh and<00:23:21.179> but<00:23:21.659> as<00:23:21.840> we<00:23:22.020> move<00:23:22.200> from<00:23:22.440> a<00:23:22.620> purely 00:23:22.850 --> 00:23:22.860 align:start position:0% and but as we move from a purely 00:23:22.860 --> 00:23:24.529 align:start position:0% and but as we move from a purely economic<00:23:23.280> model<00:23:23.400> to<00:23:23.640> economic<00:23:24.120> proof<00:23:24.480> of 00:23:24.529 --> 00:23:24.539 align:start position:0% economic model to economic proof of 00:23:24.539 --> 00:23:26.510 align:start position:0% economic model to economic proof of personhood<00:23:24.960> proof<00:23:25.620> of<00:23:25.679> personal<00:23:25.860> economic 00:23:26.510 --> 00:23:26.520 align:start position:0% personhood proof of personal economic 00:23:26.520 --> 00:23:28.610 align:start position:0% personhood proof of personal economic plus<00:23:26.640> spts<00:23:27.299> this<00:23:27.720> can<00:23:27.900> have<00:23:28.020> effects<00:23:28.320> on<00:23:28.440> our 00:23:28.610 --> 00:23:28.620 align:start position:0% plus spts this can have effects on our 00:23:28.620 --> 00:23:30.890 align:start position:0% plus spts this can have effects on our security<00:23:28.799> model<00:23:29.159> and<00:23:29.820> like<00:23:30.059> the<00:23:30.360> ideal<00:23:30.659> thing 00:23:30.890 --> 00:23:30.900 align:start position:0% security model and like the ideal thing 00:23:30.900 --> 00:23:33.950 align:start position:0% security model and like the ideal thing to<00:23:31.140> have<00:23:31.260> is<00:23:31.860> to<00:23:32.159> layer<00:23:32.640> security<00:23:33.240> so<00:23:33.600> that<00:23:33.780> as 00:23:33.950 --> 00:23:33.960 align:start position:0% to have is to layer security so that as 00:23:33.960 --> 00:23:36.470 align:start position:0% to have is to layer security so that as we<00:23:34.080> add<00:23:34.320> these<00:23:34.740> things<00:23:35.039> like<00:23:35.820> the<00:23:36.000> system<00:23:36.120> gets 00:23:36.470 --> 00:23:36.480 align:start position:0% we add these things like the system gets 00:23:36.480 --> 00:23:37.970 align:start position:0% we add these things like the system gets more<00:23:36.600> and<00:23:36.720> more<00:23:36.900> secure<00:23:37.200> rather<00:23:37.559> than<00:23:37.679> having 00:23:37.970 --> 00:23:37.980 align:start position:0% more and more secure rather than having 00:23:37.980 --> 00:23:40.130 align:start position:0% more and more secure rather than having to<00:23:38.700> have<00:23:38.880> to<00:23:39.000> make<00:23:39.120> sacrifices<00:23:39.539> or<00:23:39.780> we<00:23:39.900> dilute 00:23:40.130 --> 00:23:40.140 align:start position:0% to have to make sacrifices or we dilute 00:23:40.140 --> 00:23:42.230 align:start position:0% to have to make sacrifices or we dilute the<00:23:40.260> economic<00:23:40.620> security<00:23:40.820> uh<00:23:41.820> but<00:23:42.000> there<00:23:42.120> are 00:23:42.230 --> 00:23:42.240 align:start position:0% the economic security uh but there are 00:23:42.240 --> 00:23:44.090 align:start position:0% the economic security uh but there are questions<00:23:42.360> about<00:23:42.659> various<00:23:43.620> security<00:23:43.740> models 00:23:44.090 --> 00:23:44.100 align:start position:0% questions about various security models 00:23:44.100 --> 00:23:46.070 align:start position:0% questions about various security models what<00:23:44.280> happens<00:23:44.340> if<00:23:44.520> an<00:23:44.640> spt<00:23:44.880> gets<00:23:45.240> broken<00:23:45.360> and 00:23:46.070 --> 00:23:46.080 align:start position:0% what happens if an spt gets broken and 00:23:46.080 --> 00:23:47.450 align:start position:0% what happens if an spt gets broken and do<00:23:46.320> users<00:23:46.620> have<00:23:46.740> an<00:23:46.860> incentive<00:23:47.100> disclosure 00:23:47.450 --> 00:23:47.460 align:start position:0% do users have an incentive disclosure 00:23:47.460 --> 00:23:48.470 align:start position:0% do users have an incentive disclosure spts 00:23:48.470 --> 00:23:48.480 align:start position:0% spts 00:23:48.480 --> 00:23:50.750 align:start position:0% spts so 00:23:50.750 --> 00:23:50.760 align:start position:0% so 00:23:50.760 --> 00:23:52.370 align:start position:0% so um<00:23:50.820> if<00:23:51.419> there's<00:23:51.480> time<00:23:51.720> for<00:23:51.840> questions<00:23:51.960> I'd<00:23:52.260> be 00:23:52.370 --> 00:23:52.380 align:start position:0% um if there's time for questions I'd be 00:23:52.380 --> 00:23:54.049 align:start position:0% um if there's time for questions I'd be happy<00:23:52.500> to<00:23:52.679> take<00:23:52.799> some<00:23:52.919> questions<00:23:53.100> thank<00:23:53.880> you 00:23:54.049 --> 00:23:54.059 align:start position:0% happy to take some questions thank you 00:23:54.059 --> 00:23:56.029 align:start position:0% happy to take some questions thank you very<00:23:54.120> much<00:23:54.360> William 00:23:56.029 --> 00:23:56.039 align:start position:0% very much William 00:23:56.039 --> 00:23:59.149 align:start position:0% very much William we<00:23:56.760> have<00:23:57.000> a<00:23:57.179> space<00:23:57.360> for<00:23:57.659> questions<00:23:58.200> if<00:23:58.919> someone 00:23:59.149 --> 00:23:59.159 align:start position:0% we have a space for questions if someone 00:23:59.159 --> 00:24:00.169 align:start position:0% we have a space for questions if someone have 00:24:00.169 --> 00:24:00.179 align:start position:0% have 00:24:00.179 --> 00:24:03.840 align:start position:0% have any<00:24:00.840> questions