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 --> 00:00:15.849 align:start position:0% [Music] 00:00:15.849 --> 00:00:15.859 align:start position:0% 00:00:15.859 --> 00:00:19.490 align:start position:0% manager<00:00:16.859> for<00:00:17.160> the<00:00:17.340> Dow<00:00:17.640> so<00:00:18.359> let<00:00:18.779> the<00:00:19.020> crisis 00:00:19.490 --> 00:00:19.500 align:start position:0% manager for the Dow so let the crisis 00:00:19.500 --> 00:00:22.310 align:start position:0% manager for the Dow so let the crisis response<00:00:20.100> effort<00:00:20.760> for<00:00:21.000> the<00:00:21.180> Dow<00:00:21.420> hack<00:00:21.720> and 00:00:22.310 --> 00:00:22.320 align:start position:0% response effort for the Dow hack and 00:00:22.320 --> 00:00:24.650 align:start position:0% response effort for the Dow hack and first<00:00:22.619> parody<00:00:23.279> multi-sake<00:00:23.939> hack<00:00:24.180> from<00:00:24.420> every 00:00:24.650 --> 00:00:24.660 align:start position:0% first parody multi-sake hack from every 00:00:24.660 --> 00:00:27.710 align:start position:0% first parody multi-sake hack from every angle<00:00:25.080> he<00:00:25.800> is<00:00:25.980> the<00:00:26.160> co-founder<00:00:26.760> of<00:00:27.119> white<00:00:27.359> hat 00:00:27.710 --> 00:00:27.720 align:start position:0% angle he is the co-founder of white hat 00:00:27.720 --> 00:00:30.290 align:start position:0% angle he is the co-founder of white hat group<00:00:28.019> and<00:00:28.800> led<00:00:29.039> the<00:00:29.220> creation<00:00:29.519> of<00:00:29.880> token 00:00:30.290 --> 00:00:30.300 align:start position:0% group and led the creation of token 00:00:30.300 --> 00:00:32.630 align:start position:0% group and led the creation of token engineering<00:00:30.779> Commons<00:00:31.380> Griff<00:00:32.279> green<00:00:32.460> is 00:00:32.630 --> 00:00:32.640 align:start position:0% engineering Commons Griff green is 00:00:32.640 --> 00:00:35.389 align:start position:0% engineering Commons Griff green is advisor<00:00:33.120> for<00:00:33.420> polygon<00:00:34.020> ID<00:00:34.200> polygon<00:00:34.980> Hermes 00:00:35.389 --> 00:00:35.399 align:start position:0% advisor for polygon ID polygon Hermes 00:00:35.399 --> 00:00:38.510 align:start position:0% advisor for polygon ID polygon Hermes red<00:00:35.760> ID<00:00:36.000> doing<00:00:36.360> good<00:00:36.660> and<00:00:37.440> Stuart<00:00:37.920> for<00:00:38.160> git 00:00:38.510 --> 00:00:38.520 align:start position:0% red ID doing good and Stuart for git 00:00:38.520 --> 00:00:40.670 align:start position:0% red ID doing good and Stuart for git coin<00:00:38.820> ens<00:00:39.300> and<00:00:39.480> optimism 00:00:40.670 --> 00:00:40.680 align:start position:0% coin ens and optimism 00:00:40.680 --> 00:00:43.910 align:start position:0% coin ens and optimism Griff<00:00:41.540> yeah<00:00:42.540> right<00:00:42.780> come<00:00:43.260> on 00:00:43.910 --> 00:00:43.920 align:start position:0% Griff yeah right come on 00:00:43.920 --> 00:00:46.490 align:start position:0% Griff yeah right come on [Applause] 00:00:46.490 --> 00:00:46.500 align:start position:0% [Applause] 00:00:46.500 --> 00:00:49.369 align:start position:0% [Applause] Griff<00:00:47.100> also<00:00:47.520> leads<00:00:47.879> to<00:00:48.180> crypto<00:00:48.660> Focus<00:00:48.960> burning 00:00:49.369 --> 00:00:49.379 align:start position:0% Griff also leads to crypto Focus burning 00:00:49.379 --> 00:00:53.569 align:start position:0% Griff also leads to crypto Focus burning man<00:00:49.500> camps<00:00:49.980> let's<00:00:50.100> hear<00:00:50.280> for<00:00:50.460> Griff<00:00:50.760> green 00:00:53.569 --> 00:00:53.579 align:start position:0% 00:00:53.579 --> 00:00:56.450 align:start position:0% yeah<00:00:54.199> people<00:00:55.199> forget<00:00:55.500> I<00:00:55.800> lead<00:00:55.980> burning<00:00:56.340> man 00:00:56.450 --> 00:00:56.460 align:start position:0% yeah people forget I lead burning man 00:00:56.460 --> 00:00:59.209 align:start position:0% yeah people forget I lead burning man camps<00:00:56.940> too<00:00:57.059> it's<00:00:57.360> uh<00:00:57.719> too<00:00:58.140> much<00:00:58.320> too<00:00:58.559> much<00:00:58.800> yeah 00:00:59.209 --> 00:00:59.219 align:start position:0% camps too it's uh too much too much yeah 00:00:59.219 --> 00:01:02.090 align:start position:0% camps too it's uh too much too much yeah that's<00:00:59.460> my<00:00:59.699> slides<00:01:00.000> oh<00:01:00.239> thank<00:01:00.420> God<00:01:00.600> so<00:01:01.260> hi 00:01:02.090 --> 00:01:02.100 align:start position:0% that's my slides oh thank God so hi 00:01:02.100 --> 00:01:04.670 align:start position:0% that's my slides oh thank God so hi thank<00:01:02.820> you<00:01:02.940> for<00:01:03.120> having<00:01:03.300> me<00:01:03.539> I'm<00:01:04.379> going<00:01:04.559> to 00:01:04.670 --> 00:01:04.680 align:start position:0% thank you for having me I'm going to 00:01:04.680 --> 00:01:06.050 align:start position:0% thank you for having me I'm going to talk<00:01:04.860> about<00:01:05.040> something<00:01:05.460> that<00:01:05.700> doesn't<00:01:05.820> get 00:01:06.050 --> 00:01:06.060 align:start position:0% talk about something that doesn't get 00:01:06.060 --> 00:01:08.149 align:start position:0% talk about something that doesn't get talked<00:01:06.360> about<00:01:06.420> too<00:01:06.659> much<00:01:06.840> no<00:01:07.080> actually<00:01:07.380> we 00:01:08.149 --> 00:01:08.159 align:start position:0% talked about too much no actually we 00:01:08.159 --> 00:01:09.350 align:start position:0% talked about too much no actually we talk<00:01:08.340> about<00:01:08.460> this<00:01:08.640> a<00:01:08.820> fair<00:01:08.939> amount<00:01:09.119> in<00:01:09.240> the 00:01:09.350 --> 00:01:09.360 align:start position:0% talk about this a fair amount in the 00:01:09.360 --> 00:01:11.570 align:start position:0% talk about this a fair amount in the theorem<00:01:09.720> space<00:01:09.840> and<00:01:10.380> but<00:01:10.680> I<00:01:10.920> what<00:01:11.280> we<00:01:11.460> don't 00:01:11.570 --> 00:01:11.580 align:start position:0% theorem space and but I what we don't 00:01:11.580 --> 00:01:13.429 align:start position:0% theorem space and but I what we don't what<00:01:11.820> we<00:01:12.060> miss<00:01:12.299> is<00:01:12.600> that<00:01:12.840> it's<00:01:13.020> a<00:01:13.200> huge 00:01:13.429 --> 00:01:13.439 align:start position:0% what we miss is that it's a huge 00:01:13.439 --> 00:01:15.410 align:start position:0% what we miss is that it's a huge opportunity<00:01:13.920> in<00:01:14.340> fact<00:01:14.520> I<00:01:14.760> would<00:01:14.820> argue<00:01:15.119> it's 00:01:15.410 --> 00:01:15.420 align:start position:0% opportunity in fact I would argue it's 00:01:15.420 --> 00:01:17.870 align:start position:0% opportunity in fact I would argue it's the<00:01:15.720> biggest<00:01:15.900> opportunity<00:01:16.799> in<00:01:17.400> the<00:01:17.520> web<00:01:17.640> 3 00:01:17.870 --> 00:01:17.880 align:start position:0% the biggest opportunity in the web 3 00:01:17.880 --> 00:01:20.030 align:start position:0% the biggest opportunity in the web 3 space<00:01:18.180> and<00:01:18.479> no<00:01:18.659> one's<00:01:18.960> talking<00:01:19.080> about<00:01:19.380> it<00:01:19.619> as 00:01:20.030 --> 00:01:20.040 align:start position:0% space and no one's talking about it as 00:01:20.040 --> 00:01:21.770 align:start position:0% space and no one's talking about it as an<00:01:20.220> opportunity 00:01:21.770 --> 00:01:21.780 align:start position:0% an opportunity 00:01:21.780 --> 00:01:24.170 align:start position:0% an opportunity to<00:01:22.140> public<00:01:22.380> goods 00:01:24.170 --> 00:01:24.180 align:start position:0% to public goods 00:01:24.180 --> 00:01:28.010 align:start position:0% to public goods public<00:01:24.780> goods<00:01:25.320> thank<00:01:25.979> you<00:01:26.100> public<00:01:27.060> goods<00:01:27.600> are 00:01:28.010 --> 00:01:28.020 align:start position:0% public goods thank you public goods are 00:01:28.020 --> 00:01:30.649 align:start position:0% public goods thank you public goods are it's<00:01:28.439> a<00:01:28.740> huge<00:01:29.100> industry<00:01:29.520> one<00:01:30.180> of<00:01:30.299> the<00:01:30.360> largest 00:01:30.649 --> 00:01:30.659 align:start position:0% it's a huge industry one of the largest 00:01:30.659 --> 00:01:33.050 align:start position:0% it's a huge industry one of the largest Industries<00:01:31.080> in<00:01:31.259> the<00:01:31.380> world<00:01:31.500> and<00:01:31.740> it's<00:01:32.460> like 00:01:33.050 --> 00:01:33.060 align:start position:0% Industries in the world and it's like 00:01:33.060 --> 00:01:35.090 align:start position:0% Industries in the world and it's like the<00:01:33.360> opportunities<00:01:33.780> are<00:01:33.960> endless<00:01:34.320> no<00:01:34.799> one<00:01:34.920> is 00:01:35.090 --> 00:01:35.100 align:start position:0% the opportunities are endless no one is 00:01:35.100 --> 00:01:36.950 align:start position:0% the opportunities are endless no one is making<00:01:35.340> money<00:01:35.640> in<00:01:35.939> public<00:01:36.180> good<00:01:36.420> space<00:01:36.659> right 00:01:36.950 --> 00:01:36.960 align:start position:0% making money in public good space right 00:01:36.960 --> 00:01:39.050 align:start position:0% making money in public good space right now<00:01:37.079> it's<00:01:37.740> led<00:01:38.040> by<00:01:38.280> governments<00:01:38.880> and 00:01:39.050 --> 00:01:39.060 align:start position:0% now it's led by governments and 00:01:39.060 --> 00:01:42.590 align:start position:0% now it's led by governments and non-profits<00:01:39.780> and<00:01:40.380> yet<00:01:40.560> it's<00:01:41.220> a<00:01:41.460> 25<00:01:41.820> trillion 00:01:42.590 --> 00:01:42.600 align:start position:0% non-profits and yet it's a 25 trillion 00:01:42.600 --> 00:01:45.410 align:start position:0% non-profits and yet it's a 25 trillion dollar<00:01:42.840> a<00:01:43.140> year<00:01:43.320> industry<00:01:43.979> as<00:01:44.579> in<00:01:44.820> governments 00:01:45.410 --> 00:01:45.420 align:start position:0% dollar a year industry as in governments 00:01:45.420 --> 00:01:47.810 align:start position:0% dollar a year industry as in governments and<00:01:45.600> non-profits<00:01:46.259> are<00:01:46.619> spending<00:01:47.280> not 00:01:47.810 --> 00:01:47.820 align:start position:0% and non-profits are spending not 00:01:47.820 --> 00:01:51.649 align:start position:0% and non-profits are spending not investing<00:01:48.619> spending<00:01:49.619> 25<00:01:50.460> trillion<00:01:51.180> dollars<00:01:51.479> a 00:01:51.649 --> 00:01:51.659 align:start position:0% investing spending 25 trillion dollars a 00:01:51.659 --> 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position:0% cap being spent 00:02:00.720 --> 00:02:02.330 align:start position:0% cap being spent every<00:02:01.380> year 00:02:02.330 --> 00:02:02.340 align:start position:0% every year 00:02:02.340 --> 00:02:04.910 align:start position:0% every year and<00:02:02.759> it's<00:02:02.880> being<00:02:03.119> spent<00:02:03.479> at<00:02:03.899> a<00:02:04.020> loss<00:02:04.320> it's 00:02:04.910 --> 00:02:04.920 align:start position:0% and it's being spent at a loss it's 00:02:04.920 --> 00:02:06.530 align:start position:0% and it's being spent at a loss it's being<00:02:05.100> spent<00:02:05.460> by<00:02:05.820> governments<00:02:06.360> and 00:02:06.530 --> 00:02:06.540 align:start position:0% being spent by governments and 00:02:06.540 --> 00:02:09.050 align:start position:0% being spent by governments and non-profits<00:02:07.320> so<00:02:08.039> this<00:02:08.340> is<00:02:08.520> uh<00:02:08.759> you<00:02:09.000> know 00:02:09.050 --> 00:02:09.060 align:start position:0% non-profits so this is uh you know 00:02:09.060 --> 00:02:10.790 align:start position:0% non-profits so this is uh you know public<00:02:09.239> goods<00:02:09.660> are<00:02:09.780> one<00:02:09.959> of<00:02:10.080> the<00:02:10.200> four<00:02:10.380> types 00:02:10.790 --> 00:02:10.800 align:start position:0% public goods are one of the four types 00:02:10.800 --> 00:02:13.010 align:start position:0% public goods are one of the four types of<00:02:10.860> economic<00:02:11.400> goods<00:02:11.760> and<00:02:12.300> I'm<00:02:12.420> sure<00:02:12.660> a<00:02:12.780> lot<00:02:12.900> of 00:02:13.010 --> 00:02:13.020 align:start position:0% of economic goods and I'm sure a lot of 00:02:13.020 --> 00:02:14.990 align:start position:0% of economic goods and I'm sure a lot of people<00:02:13.080> have<00:02:13.319> seen<00:02:13.560> this<00:02:13.800> slide<00:02:14.099> or<00:02:14.520> something 00:02:14.990 --> 00:02:15.000 align:start position:0% people have seen this slide or something 00:02:15.000 --> 00:02:17.210 align:start position:0% people have seen this slide or something like<00:02:15.239> it<00:02:15.420> before<00:02:15.599> but<00:02:16.560> I<00:02:16.739> want<00:02:16.800> to<00:02:16.980> talk<00:02:17.099> about 00:02:17.210 --> 00:02:17.220 align:start position:0% like it before but I want to talk about 00:02:17.220 --> 00:02:18.589 align:start position:0% like it before but I want to talk about it<00:02:17.459> in<00:02:17.640> a<00:02:17.700> little<00:02:17.819> bit<00:02:17.940> of<00:02:18.060> a<00:02:18.180> different<00:02:18.300> way 00:02:18.589 --> 00:02:18.599 align:start position:0% it in a little bit of a different way 00:02:18.599 --> 00:02:21.410 align:start position:0% it in a little bit of a different way because<00:02:19.440> in<00:02:20.099> my<00:02:20.220> opinion<00:02:20.580> these<00:02:20.940> are<00:02:21.060> these 00:02:21.410 --> 00:02:21.420 align:start position:0% because in my opinion these are these 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Club<00:02:29.520> Goods<00:02:29.940> these<00:02:30.540> are 00:02:30.650 --> 00:02:30.660 align:start position:0% goods and Club Goods these are 00:02:30.660 --> 00:02:32.869 align:start position:0% goods and Club Goods these are excludable<00:02:31.379> Goods<00:02:31.920> the<00:02:32.340> cool<00:02:32.520> thing<00:02:32.700> with 00:02:32.869 --> 00:02:32.879 align:start position:0% excludable Goods the cool thing with 00:02:32.879 --> 00:02:34.670 align:start position:0% excludable Goods the cool thing with excludable<00:02:33.420> Goods<00:02:33.840> is<00:02:34.140> that<00:02:34.260> you<00:02:34.379> can<00:02:34.500> have 00:02:34.670 --> 00:02:34.680 align:start position:0% excludable Goods is that you can have 00:02:34.680 --> 00:02:37.010 align:start position:0% excludable Goods is that you can have business<00:02:34.920> models<00:02:35.580> business<00:02:36.239> models<00:02:36.720> are<00:02:36.900> like 00:02:37.010 --> 00:02:37.020 align:start position:0% business models business models are like 00:02:37.020 --> 00:02:39.350 align:start position:0% business models business models are like these<00:02:37.379> really<00:02:37.500> cool<00:02:37.800> games<00:02:38.280> that<00:02:39.060> end<00:02:39.239> up 00:02:39.350 --> 00:02:39.360 align:start position:0% these really cool games that end up 00:02:39.360 --> 00:02:41.809 align:start position:0% these really cool games that end up allowing<00:02:39.840> people<00:02:40.080> to<00:02:40.319> score<00:02:40.500> points<00:02:40.980> in<00:02:41.580> very 00:02:41.809 --> 00:02:41.819 align:start position:0% allowing people to score points in very 00:02:41.819 --> 00:02:44.210 align:start position:0% allowing people to score points in very predictable<00:02:42.540> ways<00:02:42.959> right<00:02:43.260> I<00:02:43.560> see<00:02:43.739> money<00:02:43.980> as 00:02:44.210 --> 00:02:44.220 align:start position:0% predictable ways right I see money as 00:02:44.220 --> 00:02:46.729 align:start position:0% predictable ways right I see money as kind<00:02:44.459> of<00:02:44.580> a<00:02:44.760> point<00:02:45.239> system<00:02:45.599> and<00:02:46.260> the<00:02:46.440> way<00:02:46.560> that 00:02:46.729 --> 00:02:46.739 align:start position:0% kind of a point system and the way that 00:02:46.739 --> 00:02:48.530 align:start position:0% kind of a point system and the way that we<00:02:46.980> coordinate<00:02:47.340> around<00:02:47.580> money<00:02:47.940> could<00:02:48.420> be 00:02:48.530 --> 00:02:48.540 align:start position:0% we coordinate around money could be 00:02:48.540 --> 00:02:50.630 align:start position:0% we coordinate around money could be thought<00:02:48.720> of<00:02:48.840> as<00:02:49.019> like<00:02:49.260> a<00:02:49.440> game<00:02:49.560> hence<00:02:50.220> the<00:02:50.400> game 00:02:50.630 --> 00:02:50.640 align:start position:0% thought of as like a game hence the game 00:02:50.640 --> 00:02:52.309 align:start position:0% thought of as like a game hence the game version<00:02:50.940> of<00:02:51.239> this<00:02:51.360> slide<00:02:51.599> deck<00:02:51.900> I<00:02:52.080> kind<00:02:52.260> of 00:02:52.309 --> 00:02:52.319 align:start position:0% version of this slide deck I kind of 00:02:52.319 --> 00:02:55.630 align:start position:0% version of this slide deck I kind of went<00:02:52.440> with<00:02:52.560> that<00:02:52.739> theme<00:02:53.360> so<00:02:54.360> businesses 00:02:55.630 --> 00:02:55.640 align:start position:0% went with that theme so businesses 00:02:55.640 --> 00:02:58.790 align:start position:0% went with that theme so businesses really<00:02:56.640> succeed<00:02:57.239> at<00:02:57.840> providing<00:02:58.319> excludable 00:02:58.790 --> 00:02:58.800 align:start position:0% really succeed at providing excludable 00:02:58.800 --> 00:03:01.610 align:start position:0% really succeed at providing excludable Goods<00:02:59.280> it's<00:03:00.120> the<00:03:00.420> Invisible<00:03:01.019> Hand<00:03:01.260> of<00:03:01.500> the 00:03:01.610 --> 00:03:01.620 align:start position:0% Goods it's the Invisible Hand of the 00:03:01.620 --> 00:03:03.949 align:start position:0% Goods it's the Invisible Hand of the market<00:03:01.800> these<00:03:02.760> Point<00:03:02.940> systems<00:03:03.480> these 00:03:03.949 --> 00:03:03.959 align:start position:0% market these Point systems these 00:03:03.959 --> 00:03:06.890 align:start position:0% market these Point systems these business<00:03:04.140> models<00:03:04.739> these<00:03:05.160> games<00:03:05.599> they<00:03:06.599> allow 00:03:06.890 --> 00:03:06.900 align:start position:0% business models these games they allow 00:03:06.900 --> 00:03:08.869 align:start position:0% business models these games they allow for<00:03:07.140> the<00:03:07.500> Invisible<00:03:07.860> Hand<00:03:08.220> to<00:03:08.700> just 00:03:08.869 --> 00:03:08.879 align:start position:0% for the Invisible Hand to just 00:03:08.879 --> 00:03:10.250 align:start position:0% for the Invisible Hand to just coordinate<00:03:09.360> everything<00:03:09.540> effortlessly 00:03:10.250 --> 00:03:10.260 align:start position:0% coordinate everything effortlessly 00:03:10.260 --> 00:03:12.170 align:start position:0% coordinate everything effortlessly because<00:03:10.680> everyone<00:03:10.920> uses<00:03:11.400> profit<00:03:11.879> as<00:03:12.060> a 00:03:12.170 --> 00:03:12.180 align:start position:0% because everyone uses profit as a 00:03:12.180 --> 00:03:14.149 align:start position:0% because everyone uses profit as a shelling<00:03:12.540> Point<00:03:12.720> everyone's<00:03:13.620> on<00:03:13.800> the<00:03:13.920> same 00:03:14.149 --> 00:03:14.159 align:start position:0% shelling Point everyone's on the same 00:03:14.159 --> 00:03:16.309 align:start position:0% shelling Point everyone's on the same game<00:03:14.459> they're<00:03:14.940> all<00:03:15.120> trying<00:03:15.360> to<00:03:15.540> win<00:03:15.780> get<00:03:16.080> the 00:03:16.309 --> 00:03:16.319 align:start position:0% game they're all trying to win get the 00:03:16.319 --> 00:03:17.690 align:start position:0% game they're all trying to win get the high<00:03:16.500> score 00:03:17.690 --> 00:03:17.700 align:start position:0% high score 00:03:17.700 --> 00:03:20.390 align:start position:0% high score uh<00:03:18.480> but<00:03:18.959> in<00:03:19.500> the<00:03:19.620> exclu<00:03:19.980> in<00:03:20.280> the 00:03:20.390 --> 00:03:20.400 align:start position:0% uh but in the exclu in the 00:03:20.400 --> 00:03:22.970 align:start position:0% uh but in the exclu in the non-excludable<00:03:21.120> side<00:03:21.360> as<00:03:21.959> in<00:03:22.319> half<00:03:22.620> of<00:03:22.860> the 00:03:22.970 --> 00:03:22.980 align:start position:0% non-excludable side as in half of the 00:03:22.980 --> 00:03:25.729 align:start position:0% non-excludable side as in half of the different<00:03:23.400> types<00:03:23.819> of<00:03:23.879> economic<00:03:24.480> Goods<00:03:24.900> uh 00:03:25.729 --> 00:03:25.739 align:start position:0% different types of economic Goods uh 00:03:25.739 --> 00:03:28.910 align:start position:0% different types of economic Goods uh there<00:03:26.099> is<00:03:26.220> not<00:03:26.459> this<00:03:26.760> game<00:03:27.019> right<00:03:28.019> the<00:03:28.500> game<00:03:28.739> is 00:03:28.910 --> 00:03:28.920 align:start position:0% there is not this game right the game is 00:03:28.920 --> 00:03:31.309 align:start position:0% there is not this game right the game is taxes<00:03:29.519> and<00:03:29.700> donations<00:03:30.120> which<00:03:30.840> I<00:03:31.019> would<00:03:31.080> argue 00:03:31.309 --> 00:03:31.319 align:start position:0% taxes and donations which I would argue 00:03:31.319 --> 00:03:33.170 align:start position:0% taxes and donations which I would argue is<00:03:31.500> like<00:03:31.739> sacrifice<00:03:32.280> people<00:03:32.700> have<00:03:33.000> to 00:03:33.170 --> 00:03:33.180 align:start position:0% is like sacrifice people have to 00:03:33.180 --> 00:03:36.170 align:start position:0% is like sacrifice people have to sacrifice<00:03:33.659> to<00:03:34.080> provide<00:03:34.319> value<00:03:34.680> in<00:03:35.580> in<00:03:35.879> the 00:03:36.170 --> 00:03:36.180 align:start position:0% sacrifice to provide value in in the 00:03:36.180 --> 00:03:38.330 align:start position:0% sacrifice to provide value in in the non-excludable<00:03:36.959> side<00:03:37.200> so<00:03:37.800> this<00:03:37.980> is<00:03:38.099> common 00:03:38.330 --> 00:03:38.340 align:start position:0% non-excludable side so this is common 00:03:38.340 --> 00:03:40.789 align:start position:0% non-excludable side so this is common pool<00:03:38.580> resources<00:03:39.180> and<00:03:39.540> public<00:03:39.720> goods<00:03:40.140> I<00:03:40.500> just 00:03:40.789 --> 00:03:40.799 align:start position:0% pool resources and public goods I just 00:03:40.799 --> 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and they make it into a club good they make<00:04:05.879> it<00:04:06.060> excludable<00:04:06.540> by<00:04:07.140> requiring<00:04:07.620> people 00:04:07.910 --> 00:04:07.920 align:start position:0% make it excludable by requiring people 00:04:07.920 --> 00:04:09.649 align:start position:0% make it excludable by requiring people to<00:04:08.159> have<00:04:08.220> a<00:04:08.400> fishing<00:04:08.700> license 00:04:09.649 --> 00:04:09.659 align:start position:0% to have a fishing license 00:04:09.659 --> 00:04:10.750 align:start position:0% to have a fishing license so 00:04:10.750 --> 00:04:10.760 align:start position:0% so 00:04:10.760 --> 00:04:14.990 align:start position:0% so right<00:04:11.760> now<00:04:11.939> in<00:04:12.420> our<00:04:13.200> normal<00:04:13.620> society<00:04:14.220> because 00:04:14.990 --> 00:04:15.000 align:start position:0% right now in our normal society because 00:04:15.000 --> 00:04:17.569 align:start position:0% right now in our normal society because there's<00:04:15.540> great<00:04:16.019> systems<00:04:16.620> in<00:04:16.859> place<00:04:17.040> to<00:04:17.340> manage 00:04:17.569 --> 00:04:17.579 align:start position:0% there's great systems in place to manage 00:04:17.579 --> 00:04:19.569 align:start position:0% there's great systems in place to manage excludable<00:04:18.120> Goods 00:04:19.569 --> 00:04:19.579 align:start position:0% excludable Goods 00:04:19.579 --> 00:04:22.150 align:start position:0% excludable Goods non-excludable<00:04:20.579> Goods<00:04:21.000> often<00:04:21.959> get 00:04:22.150 --> 00:04:22.160 align:start position:0% non-excludable Goods often get 00:04:22.160 --> 00:04:25.610 align:start position:0% non-excludable Goods often get privatized<00:04:23.160> they<00:04:23.820> get<00:04:24.060> EX<00:04:24.960> they<00:04:25.380> become 00:04:25.610 --> 00:04:25.620 align:start position:0% privatized they get EX they become 00:04:25.620 --> 00:04:27.830 align:start position:0% privatized they get EX they become excludable<00:04:26.160> and<00:04:26.880> we<00:04:27.000> move<00:04:27.180> them<00:04:27.360> over<00:04:27.540> here 00:04:27.830 --> 00:04:27.840 align:start position:0% excludable and we move them over here 00:04:27.840 --> 00:04:29.629 align:start position:0% excludable and we move them over here because<00:04:28.020> we<00:04:28.259> have<00:04:28.440> such<00:04:28.620> great<00:04:28.860> systems<00:04:29.400> in 00:04:29.629 --> 00:04:29.639 align:start position:0% because we have such great systems in 00:04:29.639 --> 00:04:30.350 align:start position:0% because we have such great systems in place 00:04:30.350 --> 00:04:30.360 align:start position:0% place 00:04:30.360 --> 00:04:33.170 align:start position:0% place but<00:04:30.960> what<00:04:31.199> if<00:04:31.380> we<00:04:31.620> could<00:04:31.800> create<00:04:32.180> great 00:04:33.170 --> 00:04:33.180 align:start position:0% but what if we could create great 00:04:33.180 --> 00:04:36.230 align:start position:0% but what if we could create great systems<00:04:33.720> that<00:04:34.259> allow<00:04:34.560> for<00:04:34.740> win-wins<00:04:35.460> on<00:04:36.060> this 00:04:36.230 --> 00:04:36.240 align:start position:0% systems that allow for win-wins on this 00:04:36.240 --> 00:04:37.969 align:start position:0% systems that allow for win-wins on this side<00:04:36.479> of<00:04:37.080> the<00:04:37.259> chart 00:04:37.969 --> 00:04:37.979 align:start position:0% side of the chart 00:04:37.979 --> 00:04:40.790 align:start position:0% side of the chart what<00:04:38.639> if<00:04:38.820> we<00:04:39.180> can<00:04:39.360> actually<00:04:39.479> take<00:04:39.840> things<00:04:40.199> that 00:04:40.790 --> 00:04:40.800 align:start position:0% what if we can actually take things that 00:04:40.800 --> 00:04:42.770 align:start position:0% what if we can actually take things that are<00:04:40.919> normally<00:04:41.280> excludable 00:04:42.770 --> 00:04:42.780 align:start position:0% are normally excludable 00:04:42.780 --> 00:04:44.810 align:start position:0% are normally excludable and<00:04:43.259> make<00:04:43.440> them<00:04:43.560> non-excludable<00:04:44.280> what<00:04:44.520> if<00:04:44.699> we 00:04:44.810 --> 00:04:44.820 align:start position:0% and make them non-excludable what if we 00:04:44.820 --> 00:04:47.150 align:start position:0% and make them non-excludable what if we could<00:04:44.940> create<00:04:45.120> abundance<00:04:45.660> for<00:04:45.960> society<00:04:46.440> and 00:04:47.150 --> 00:04:47.160 align:start position:0% could create abundance for society and 00:04:47.160 --> 00:04:48.950 align:start position:0% could create abundance for society and and<00:04:47.400> take<00:04:47.699> care<00:04:47.880> of<00:04:48.000> the<00:04:48.180> less<00:04:48.479> fortunate 00:04:48.950 --> 00:04:48.960 align:start position:0% and take care of the less fortunate 00:04:48.960 --> 00:04:50.810 align:start position:0% and take care of the less fortunate Society<00:04:49.380> by<00:04:49.740> creating<00:04:50.160> systems<00:04:50.639> that 00:04:50.810 --> 00:04:50.820 align:start position:0% Society by creating systems that 00:04:50.820 --> 00:04:54.409 align:start position:0% Society by creating systems that actually<00:04:51.000> work 00:04:54.409 --> 00:04:54.419 align:start position:0% 00:04:54.419 --> 00:04:57.290 align:start position:0% we<00:04:54.900> don't<00:04:55.020> have<00:04:55.199> a<00:04:55.380> choice<00:04:55.699> we<00:04:56.699> need<00:04:56.940> to<00:04:57.120> do 00:04:57.290 --> 00:04:57.300 align:start position:0% we don't have a choice we need to do 00:04:57.300 --> 00:05:00.650 align:start position:0% we don't have a choice we need to do this<00:04:57.540> we're<00:04:58.320> failing<00:04:58.860> at<00:04:59.160> the<00:04:59.340> game<00:04:59.660> the 00:05:00.650 --> 00:05:00.660 align:start position:0% this we're failing at the game the 00:05:00.660 --> 00:05:03.189 align:start position:0% this we're failing at the game the collective<00:05:01.080> needs<00:05:01.440> game<00:05:01.699> the<00:05:02.699> environment 00:05:03.189 --> 00:05:03.199 align:start position:0% collective needs game the environment 00:05:03.199 --> 00:05:06.409 align:start position:0% collective needs game the environment just<00:05:04.199> general<00:05:04.500> Global<00:05:05.160> coordination<00:05:05.639> is 00:05:06.409 --> 00:05:06.419 align:start position:0% just general Global coordination is 00:05:06.419 --> 00:05:08.570 align:start position:0% just general Global coordination is really<00:05:06.660> shitty<00:05:07.020> like<00:05:07.500> full<00:05:07.740> stop 00:05:08.570 --> 00:05:08.580 align:start position:0% really shitty like full stop 00:05:08.580 --> 00:05:10.850 align:start position:0% really shitty like full stop and<00:05:09.300> if<00:05:09.540> we<00:05:09.720> don't<00:05:09.840> fix<00:05:10.020> it<00:05:10.199> we're<00:05:10.440> in<00:05:10.620> huge 00:05:10.850 --> 00:05:10.860 align:start position:0% and if we don't fix it we're in huge 00:05:10.860 --> 00:05:11.629 align:start position:0% and if we don't fix it we're in huge trouble 00:05:11.629 --> 00:05:11.639 align:start position:0% trouble 00:05:11.639 --> 00:05:13.490 align:start position:0% trouble but<00:05:12.060> we<00:05:12.240> are<00:05:12.360> fixing<00:05:12.780> it<00:05:12.900> it's<00:05:13.199> already 00:05:13.490 --> 00:05:13.500 align:start position:0% but we are fixing it it's already 00:05:13.500 --> 00:05:16.010 align:start position:0% but we are fixing it it's already happening<00:05:13.979> actually<00:05:14.520> so<00:05:15.240> many<00:05:15.419> people<00:05:15.600> in<00:05:15.840> web 00:05:16.010 --> 00:05:16.020 align:start position:0% happening actually so many people in web 00:05:16.020 --> 00:05:17.930 align:start position:0% happening actually so many people in web 3<00:05:16.259> are<00:05:16.560> building<00:05:16.740> a<00:05:17.040> new<00:05:17.160> way<00:05:17.340> to<00:05:17.580> coordinate 00:05:17.930 --> 00:05:17.940 align:start position:0% 3 are building a new way to coordinate 00:05:17.940 --> 00:05:21.050 align:start position:0% 3 are building a new way to coordinate on<00:05:18.479> a<00:05:18.540> global<00:05:18.900> level<00:05:19.020> and<00:05:19.800> in<00:05:20.040> win-win<00:05:20.639> systems 00:05:21.050 --> 00:05:21.060 align:start position:0% on a global level and in win-win systems 00:05:21.060 --> 00:05:23.090 align:start position:0% on a global level and in win-win systems they're<00:05:21.780> optimizing<00:05:22.380> the<00:05:22.560> games<00:05:22.740> that<00:05:22.979> are 00:05:23.090 --> 00:05:23.100 align:start position:0% they're optimizing the games that are 00:05:23.100 --> 00:05:25.310 align:start position:0% they're optimizing the games that are being<00:05:23.220> played<00:05:23.580> and<00:05:24.180> and<00:05:24.479> creating<00:05:24.840> new<00:05:25.080> games 00:05:25.310 --> 00:05:25.320 align:start position:0% being played and and creating new games 00:05:25.320 --> 00:05:27.950 align:start position:0% being played and and creating new games that<00:05:25.979> actually<00:05:26.220> allow<00:05:26.639> for<00:05:26.759> Innovation<00:05:27.360> and 00:05:27.950 --> 00:05:27.960 align:start position:0% that actually allow for Innovation and 00:05:27.960 --> 00:05:28.850 align:start position:0% that actually allow for Innovation and this<00:05:28.080> is<00:05:28.199> what<00:05:28.259> I'm<00:05:28.380> going<00:05:28.500> to<00:05:28.620> talk<00:05:28.740> about 00:05:28.850 --> 00:05:28.860 align:start position:0% this is what I'm going to talk about 00:05:28.860 --> 00:05:30.830 align:start position:0% this is what I'm going to talk about mostly<00:05:29.340> today<00:05:29.520> I'm<00:05:30.000> going<00:05:30.180> to<00:05:30.240> talk<00:05:30.419> about<00:05:30.539> all 00:05:30.830 --> 00:05:30.840 align:start position:0% mostly today I'm going to talk about all 00:05:30.840 --> 00:05:33.409 align:start position:0% mostly today I'm going to talk about all the<00:05:30.900> cool<00:05:31.080> projects<00:05:31.500> in<00:05:31.680> web3<00:05:32.100> well<00:05:32.580> so<00:05:33.180> I'm 00:05:33.409 --> 00:05:33.419 align:start position:0% the cool projects in web3 well so I'm 00:05:33.419 --> 00:05:35.270 align:start position:0% the cool projects in web3 well so I'm going<00:05:33.539> to<00:05:33.660> highlight<00:05:33.900> a<00:05:34.259> few<00:05:34.380> of<00:05:34.800> the<00:05:35.100> many 00:05:35.270 --> 00:05:35.280 align:start position:0% going to highlight a few of the many 00:05:35.280 --> 00:05:38.210 align:start position:0% going to highlight a few of the many awesome<00:05:35.880> projects<00:05:36.419> in<00:05:36.780> web3<00:05:37.199> that<00:05:37.919> are<00:05:38.039> trying 00:05:38.210 --> 00:05:38.220 align:start position:0% awesome projects in web3 that are trying 00:05:38.220 --> 00:05:40.070 align:start position:0% awesome projects in web3 that are trying to<00:05:38.400> get<00:05:38.580> to<00:05:38.759> this<00:05:38.940> solar<00:05:39.240> Punk<00:05:39.479> future<00:05:39.660> that<00:05:39.960> we 00:05:40.070 --> 00:05:40.080 align:start position:0% to get to this solar Punk future that we 00:05:40.080 --> 00:05:42.170 align:start position:0% to get to this solar Punk future that we all<00:05:40.259> want<00:05:40.440> and<00:05:41.220> I<00:05:41.340> really<00:05:41.460> want<00:05:41.699> to<00:05:41.880> create 00:05:42.170 --> 00:05:42.180 align:start position:0% all want and I really want to create 00:05:42.180 --> 00:05:43.790 align:start position:0% all want and I really want to create this<00:05:42.479> framing<00:05:42.900> that<00:05:43.080> so<00:05:43.320> that<00:05:43.440> you<00:05:43.560> guys<00:05:43.620> can 00:05:43.790 --> 00:05:43.800 align:start position:0% this framing that so that you guys can 00:05:43.800 --> 00:05:46.790 align:start position:0% this framing that so that you guys can understand<00:05:43.979> to<00:05:44.880> get<00:05:45.060> to<00:05:45.300> this<00:05:45.539> future<00:05:45.780> we<00:05:46.620> need 00:05:46.790 --> 00:05:46.800 align:start position:0% understand to get to this future we need 00:05:46.800 --> 00:05:49.550 align:start position:0% understand to get to this future we need to<00:05:46.919> build<00:05:47.100> win-win<00:05:47.820> systems<00:05:48.300> where<00:05:49.020> that 00:05:49.550 --> 00:05:49.560 align:start position:0% to build win-win systems where that 00:05:49.560 --> 00:05:51.290 align:start position:0% to build win-win systems where that allow<00:05:49.919> the<00:05:50.220> people<00:05:50.580> to<00:05:50.940> coordinate 00:05:51.290 --> 00:05:51.300 align:start position:0% allow the people to coordinate 00:05:51.300 --> 00:05:54.110 align:start position:0% allow the people to coordinate effortlessly 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provide<00:06:02.160> public 00:06:02.390 --> 00:06:02.400 align:start position:0% when governments fail to provide public 00:06:02.400 --> 00:06:04.850 align:start position:0% when governments fail to provide public goods<00:06:02.820> that<00:06:02.940> are<00:06:03.060> in<00:06:03.180> demand<00:06:03.560> people<00:06:04.560> start 00:06:04.850 --> 00:06:04.860 align:start position:0% goods that are in demand people start 00:06:04.860 --> 00:06:07.909 align:start position:0% goods that are in demand people start non-profits<00:06:06.080> nonprofits<00:06:07.080> are<00:06:07.199> the<00:06:07.380> seed<00:06:07.680> of 00:06:07.909 --> 00:06:07.919 align:start position:0% non-profits nonprofits are the seed of 00:06:07.919 --> 00:06:09.770 align:start position:0% non-profits nonprofits are the seed of the<00:06:08.039> Revolution<00:06:08.340> when<00:06:09.000> people<00:06:09.300> don't<00:06:09.479> like 00:06:09.770 --> 00:06:09.780 align:start position:0% the Revolution when people don't like 00:06:09.780 --> 00:06:11.930 align:start position:0% the Revolution when people don't like what<00:06:10.080> their<00:06:10.259> the<00:06:10.440> services<00:06:10.680> they're<00:06:11.100> getting 00:06:11.930 --> 00:06:11.940 align:start position:0% what their the services they're getting 00:06:11.940 --> 00:06:14.510 align:start position:0% what their the services they're getting they<00:06:12.300> start<00:06:12.479> non-profits<00:06:13.320> and<00:06:13.860> nonprofits 00:06:14.510 --> 00:06:14.520 align:start position:0% they start non-profits and nonprofits 00:06:14.520 --> 00:06:16.189 align:start position:0% they start non-profits and nonprofits need<00:06:14.699> our<00:06:14.880> help<00:06:15.120> more<00:06:15.419> than<00:06:15.600> more<00:06:16.020> than 00:06:16.189 --> 00:06:16.199 align:start position:0% need our help more than more than 00:06:16.199 --> 00:06:18.650 align:start position:0% need our help more than more than governments<00:06:16.740> by<00:06:16.979> far<00:06:17.360> nonprofits<00:06:18.360> are 00:06:18.650 --> 00:06:18.660 align:start position:0% governments by far nonprofits are 00:06:18.660 --> 00:06:20.150 align:start position:0% governments by far nonprofits are literally<00:06:18.960> just<00:06:19.199> burning<00:06:19.560> money<00:06:19.800> all<00:06:20.039> the 00:06:20.150 --> 00:06:20.160 align:start position:0% literally just burning money all the 00:06:20.160 --> 00:06:21.770 align:start position:0% literally just burning money all the time<00:06:20.280> everyone<00:06:20.639> who's<00:06:20.940> participating<00:06:21.479> in<00:06:21.660> the 00:06:21.770 --> 00:06:21.780 align:start position:0% time everyone who's participating in the 00:06:21.780 --> 00:06:24.110 align:start position:0% time everyone who's participating in the nonprofit<00:06:22.259> system<00:06:22.520> in<00:06:23.520> some<00:06:23.639> way<00:06:23.819> or<00:06:23.940> another 00:06:24.110 --> 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and you know it's creating a lot of value<00:06:33.300> because<00:06:33.840> it's<00:06:34.380> a<00:06:34.500> huge<00:06:34.800> industry<00:06:35.160> sure 00:06:35.870 --> 00:06:35.880 align:start position:0% value because it's a huge industry sure 00:06:35.880 --> 00:06:39.050 align:start position:0% value because it's a huge industry sure it's<00:06:36.180> not<00:06:36.360> 25<00:06:36.780> trillion<00:06:37.560> but<00:06:38.280> I<00:06:38.460> think<00:06:38.580> 500 00:06:39.050 --> 00:06:39.060 align:start position:0% it's not 25 trillion but I think 500 00:06:39.060 --> 00:06:40.730 align:start position:0% it's not 25 trillion but I think 500 billion<00:06:39.479> dollars<00:06:39.720> being<00:06:39.960> donated<00:06:40.380> a<00:06:40.620> year 00:06:40.730 --> 00:06:40.740 align:start position:0% billion dollars being donated a year 00:06:40.740 --> 00:06:43.010 align:start position:0% billion dollars being donated a year just<00:06:40.979> in<00:06:41.160> the<00:06:41.280> U.S<00:06:41.580> is<00:06:42.180> big<00:06:42.419> enough<00:06:42.539> of<00:06:42.900> an 00:06:43.010 --> 00:06:43.020 align:start position:0% just in the U.S is big enough of an 00:06:43.020 --> 00:06:44.749 align:start position:0% just in the U.S is big enough of an opportunity<00:06:43.500> for<00:06:44.100> us<00:06:44.160> to<00:06:44.340> make<00:06:44.460> some<00:06:44.580> major 00:06:44.749 --> 00:06:44.759 align:start position:0% opportunity for us to make some major 00:06:44.759 --> 00:06:46.909 align:start position:0% opportunity for us to make some major Headway 00:06:46.909 --> 00:06:46.919 align:start position:0% Headway 00:06:46.919 --> 00:06:49.610 align:start position:0% Headway so<00:06:47.880> the<00:06:48.360> cool<00:06:48.479> thing<00:06:48.720> is<00:06:48.960> this<00:06:49.259> is<00:06:49.440> already 00:06:49.610 --> 00:06:49.620 align:start position:0% so the cool thing is this is already 00:06:49.620 --> 00:06:51.830 align:start position:0% so the cool thing is this is already happening<00:06:50.160> you<00:06:50.580> know<00:06:50.639> I<00:06:50.819> feel<00:06:50.940> like<00:06:51.120> in<00:06:51.419> 2016 00:06:51.830 --> 00:06:51.840 align:start position:0% happening you know I feel like in 2016 00:06:51.840 --> 00:06:54.650 align:start position:0% happening you know I feel like in 2016 2017<00:06:52.620> this<00:06:53.280> stuff<00:06:53.460> was<00:06:53.639> a<00:06:53.880> dream<00:06:54.060> we're<00:06:54.419> like 00:06:54.650 --> 00:06:54.660 align:start position:0% 2017 this stuff was a dream we're like 00:06:54.660 --> 00:06:56.510 align:start position:0% 2017 this stuff was a dream we're like we're<00:06:54.840> working<00:06:55.020> towards<00:06:55.500> this<00:06:55.680> but<00:06:56.160> we're<00:06:56.400> in 00:06:56.510 --> 00:06:56.520 align:start position:0% we're working towards this but we're in 00:06:56.520 --> 00:06:58.129 align:start position:0% we're working towards this but we're in a<00:06:56.639> place<00:06:56.819> where<00:06:57.000> there's<00:06:57.479> so<00:06:57.720> many<00:06:57.840> awesome 00:06:58.129 --> 00:06:58.139 align:start position:0% a place where there's so many awesome 00:06:58.139 --> 00:07:00.650 align:start position:0% a place where there's so many awesome projects<00:06:58.740> that<00:06:59.220> are<00:06:59.340> doing<00:06:59.520> it<00:06:59.759> and<00:07:00.300> I<00:07:00.479> kind<00:07:00.600> of 00:07:00.650 --> 00:07:00.660 align:start position:0% projects that are doing it and I kind of 00:07:00.660 --> 00:07:03.469 align:start position:0% projects that are doing it and I kind of want<00:07:00.840> to<00:07:01.020> create<00:07:01.500> a<00:07:02.039> separation<00:07:02.460> between<00:07:02.880> two 00:07:03.469 --> 00:07:03.479 align:start position:0% want to create a separation between two 00:07:03.479 --> 00:07:06.469 align:start position:0% want to create a separation between two types<00:07:03.960> of<00:07:04.259> uh<00:07:04.919> donate<00:07:05.340> of<00:07:05.639> economic<00:07:06.300> games 00:07:06.469 --> 00:07:06.479 align:start position:0% types of uh donate of economic games 00:07:06.479 --> 00:07:08.629 align:start position:0% types of uh donate of economic games that<00:07:06.780> are<00:07:06.900> being<00:07:07.020> played<00:07:07.440> of<00:07:08.400> different 00:07:08.629 --> 00:07:08.639 align:start position:0% that are being played of different 00:07:08.639 --> 00:07:12.050 align:start position:0% that are being played of different models<00:07:09.240> we'll<00:07:09.780> say<00:07:10.020> of<00:07:10.620> public<00:07:10.800> goods<00:07:11.160> funding 00:07:12.050 --> 00:07:12.060 align:start position:0% models we'll say of public goods funding 00:07:12.060 --> 00:07:14.689 align:start position:0% models we'll say of public goods funding so<00:07:12.539> there's<00:07:12.660> the<00:07:12.960> donation<00:07:13.259> games<00:07:13.560> which<00:07:14.460> are 00:07:14.689 --> 00:07:14.699 align:start position:0% so there's the donation games which are 00:07:14.699 --> 00:07:17.150 align:start position:0% so there's the donation games which are amazing<00:07:15.300> right<00:07:15.780> we're<00:07:16.500> always<00:07:16.740> going<00:07:16.919> to<00:07:17.039> have 00:07:17.150 --> 00:07:17.160 align:start position:0% amazing right we're always going to have 00:07:17.160 --> 00:07:18.950 align:start position:0% amazing right we're always going to have donations<00:07:17.520> donations<00:07:18.120> make<00:07:18.479> people<00:07:18.660> feel 00:07:18.950 --> 00:07:18.960 align:start position:0% donations donations make people feel 00:07:18.960 --> 00:07:21.170 align:start position:0% donations donations make people feel good<00:07:19.199> right<00:07:19.740> and<00:07:20.099> these<00:07:20.460> types<00:07:20.699> of<00:07:20.819> donation 00:07:21.170 --> 00:07:21.180 align:start position:0% good right and these types of donation 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fund public goods now often they<00:07:28.919> create<00:07:29.220> incentives<00:07:29.940> for<00:07:30.300> more 00:07:30.469 --> 00:07:30.479 align:start position:0% they create incentives for more 00:07:30.479 --> 00:07:32.809 align:start position:0% they create incentives for more donations<00:07:30.900> whether<00:07:31.440> it's<00:07:31.680> social<00:07:31.979> or 00:07:32.809 --> 00:07:32.819 align:start position:0% donations whether it's social or 00:07:32.819 --> 00:07:35.330 align:start position:0% donations whether it's social or straight<00:07:33.060> up<00:07:33.300> Financial<00:07:33.560> uh<00:07:34.560> that<00:07:34.919> the 00:07:35.330 --> 00:07:35.340 align:start position:0% straight up Financial uh that the 00:07:35.340 --> 00:07:37.370 align:start position:0% straight up Financial uh that the there's<00:07:35.759> usually<00:07:36.180> some<00:07:36.599> kind<00:07:36.780> of<00:07:36.840> system<00:07:37.080> in 00:07:37.370 --> 00:07:37.380 align:start position:0% there's usually some kind of system in 00:07:37.380 --> 00:07:39.529 align:start position:0% there's usually some kind of system in place<00:07:37.560> to<00:07:37.860> optimize<00:07:38.400> the<00:07:38.880> donation<00:07:39.240> system 00:07:39.529 --> 00:07:39.539 align:start position:0% place to optimize the donation system 00:07:39.539 --> 00:07:41.930 align:start position:0% place to optimize the donation system and<00:07:39.780> make<00:07:39.900> it<00:07:40.080> more<00:07:40.199> fun<00:07:40.759> especially<00:07:41.759> by 00:07:41.930 --> 00:07:41.940 align:start position:0% and make it more fun especially by 00:07:41.940 --> 00:07:43.969 align:start position:0% and make it more fun especially by giving<00:07:42.180> governance<00:07:42.599> to<00:07:42.900> participants<00:07:43.440> it's 00:07:43.969 --> 00:07:43.979 align:start position:0% giving governance to participants it's 00:07:43.979 --> 00:07:45.409 align:start position:0% giving governance to participants it's very<00:07:44.220> common 00:07:45.409 --> 00:07:45.419 align:start position:0% very common 00:07:45.419 --> 00:07:48.830 align:start position:0% very common uh<00:07:46.020> the<00:07:46.319> economic<00:07:46.800> games<00:07:46.979> actually<00:07:47.940> skip<00:07:48.599> the 00:07:48.830 --> 00:07:48.840 align:start position:0% uh the economic games actually skip the 00:07:48.840 --> 00:07:51.529 align:start position:0% uh the economic games actually skip the donation<00:07:49.199> side<00:07:49.500> they<00:07:50.460> rely<00:07:50.819> on<00:07:51.060> supply<00:07:51.240> and 00:07:51.529 --> 00:07:51.539 align:start position:0% donation side they rely on supply and 00:07:51.539 --> 00:07:54.170 align:start position:0% donation side they rely on supply and demand<00:07:51.840> to<00:07:52.199> put<00:07:52.319> fund<00:07:52.740> public<00:07:52.860> goods<00:07:53.340> this 00:07:54.170 --> 00:07:54.180 align:start position:0% demand to put fund public goods this 00:07:54.180 --> 00:07:55.550 align:start position:0% demand to put fund public goods this creates<00:07:54.539> really<00:07:55.080> interesting 00:07:55.550 --> 00:07:55.560 align:start position:0% creates really interesting 00:07:55.560 --> 00:07:57.710 align:start position:0% creates really interesting entrepreneurial<00:07:56.400> opportunities<00:07:57.060> for 00:07:57.710 --> 00:07:57.720 align:start position:0% entrepreneurial opportunities for 00:07:57.720 --> 00:07:59.870 align:start position:0% entrepreneurial opportunities for participants<00:07:58.380> in<00:07:58.560> the<00:07:58.740> system<00:07:58.919> and<00:07:59.460> it<00:07:59.580> allows 00:07:59.870 --> 00:07:59.880 align:start position:0% participants in the system and it allows 00:07:59.880 --> 00:08:01.850 align:start position:0% participants in the system and it allows that<00:08:00.000> invisible<00:08:00.419> hand<00:08:00.720> to<00:08:01.080> actually<00:08:01.259> make 00:08:01.850 --> 00:08:01.860 align:start position:0% that invisible hand to actually make 00:08:01.860 --> 00:08:03.529 align:start position:0% that invisible hand to actually make some<00:08:02.039> Headway 00:08:03.529 --> 00:08:03.539 align:start position:0% some Headway 00:08:03.539 --> 00:08:06.529 align:start position:0% some Headway and<00:08:04.199> just<00:08:04.680> like<00:08:04.860> donation<00:08:05.220> games<00:08:05.520> they<00:08:06.300> give 00:08:06.529 --> 00:08:06.539 align:start position:0% and just like donation games they give 00:08:06.539 --> 00:08:08.629 align:start position:0% and just like donation games they give governance<00:08:07.199> governance<00:08:07.800> to<00:08:08.039> participate 00:08:08.629 --> 00:08:08.639 align:start position:0% governance governance to participate 00:08:08.639 --> 00:08:11.390 align:start position:0% governance governance to participate participants<00:08:09.479> I<00:08:10.380> can't<00:08:10.560> overstate<00:08:11.160> this 00:08:11.390 --> 00:08:11.400 align:start position:0% participants I can't overstate this 00:08:11.400 --> 00:08:14.570 align:start position:0% participants I can't overstate this enough<00:08:11.639> it's<00:08:12.479> so<00:08:12.780> cool<00:08:13.139> in<00:08:13.800> the<00:08:13.919> web<00:08:14.039> 3<00:08:14.280> space 00:08:14.570 --> 00:08:14.580 align:start position:0% enough it's so cool in the web 3 space 00:08:14.580 --> 00:08:16.189 align:start position:0% enough it's so cool in the web 3 space you<00:08:14.819> know<00:08:14.940> in<00:08:15.240> the<00:08:15.360> public<00:08:15.479> goods<00:08:15.900> funding 00:08:16.189 --> 00:08:16.199 align:start position:0% you know in the public goods funding 00:08:16.199 --> 00:08:18.230 align:start position:0% you know in the public goods funding space<00:08:16.380> normally<00:08:16.800> it's<00:08:17.400> very<00:08:17.639> top-down 00:08:18.230 --> 00:08:18.240 align:start position:0% space normally it's very top-down 00:08:18.240 --> 00:08:20.749 align:start position:0% space normally it's very top-down Capital<00:08:18.599> controlled<00:08:19.340> governments<00:08:20.340> say<00:08:20.520> we're 00:08:20.749 --> 00:08:20.759 align:start position:0% Capital controlled governments say we're 00:08:20.759 --> 00:08:23.210 align:start position:0% Capital controlled governments say we're doing<00:08:21.000> this<00:08:21.440> nonprofits<00:08:22.440> have<00:08:22.620> donors<00:08:23.039> and 00:08:23.210 --> 00:08:23.220 align:start position:0% doing this nonprofits have donors and 00:08:23.220 --> 00:08:24.830 align:start position:0% doing this nonprofits have donors and the<00:08:23.340> donors<00:08:23.580> say<00:08:23.759> we're<00:08:24.000> doing<00:08:24.180> this<00:08:24.479> this<00:08:24.720> is 00:08:24.830 --> 00:08:24.840 align:start position:0% the donors say we're doing this this is 00:08:24.840 --> 00:08:27.290 align:start position:0% the donors say we're doing this this is what<00:08:24.960> the<00:08:25.139> money<00:08:25.199> is<00:08:25.620> earmarked<00:08:26.160> for<00:08:26.280> but<00:08:27.120> in 00:08:27.290 --> 00:08:27.300 align:start position:0% what the money is earmarked for but in 00:08:27.300 --> 00:08:29.450 align:start position:0% what the money is earmarked for but in web<00:08:27.479> 3<00:08:27.720> we<00:08:28.080> we<00:08:28.199> build<00:08:28.500> systems<00:08:28.979> that<00:08:29.099> allow<00:08:29.400> it 00:08:29.450 --> 00:08:29.460 align:start position:0% web 3 we we build systems that allow it 00:08:29.460 --> 00:08:31.309 align:start position:0% web 3 we we build systems that allow it to<00:08:29.639> be<00:08:29.759> bottom<00:08:30.060> up<00:08:30.240> and<00:08:30.840> where<00:08:31.080> the 00:08:31.309 --> 00:08:31.319 align:start position:0% to be bottom up and where the 00:08:31.319 --> 00:08:33.110 align:start position:0% to be bottom up and where the participants<00:08:32.039> not<00:08:32.640> just<00:08:32.820> Capital 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position:0% have there's a plethora like you saw Council<00:08:40.320> there's<00:08:40.800> so<00:08:41.099> many<00:08:41.159> cool<00:08:41.459> ways<00:08:41.880> to 00:08:42.230 --> 00:08:42.240 align:start position:0% Council there's so many cool ways to 00:08:42.240 --> 00:08:44.269 align:start position:0% Council there's so many cool ways to provide<00:08:42.659> governance<00:08:43.080> for<00:08:43.380> the<00:08:43.560> players<00:08:43.919> that 00:08:44.269 --> 00:08:44.279 align:start position:0% provide governance for the players that 00:08:44.279 --> 00:08:46.310 align:start position:0% provide governance for the players that are<00:08:44.399> playing<00:08:44.580> the<00:08:44.820> game 00:08:46.310 --> 00:08:46.320 align:start position:0% are playing the game 00:08:46.320 --> 00:08:48.530 align:start position:0% are playing the game so<00:08:46.740> let's<00:08:46.920> start<00:08:47.040> with<00:08:47.220> donation<00:08:47.580> games<00:08:47.880> so 00:08:48.530 --> 00:08:48.540 align:start position:0% so let's start with donation games so 00:08:48.540 --> 00:08:50.750 align:start position:0% so let's start with donation games so one<00:08:48.839> of<00:08:49.019> the<00:08:49.260> landmark<00:08:49.800> donation<00:08:50.220> games<00:08:50.519> that 00:08:50.750 --> 00:08:50.760 align:start position:0% one of the landmark donation games that 00:08:50.760 --> 00:08:53.030 align:start position:0% one of the landmark donation games that was<00:08:50.940> started<00:08:51.240> uh<00:08:51.720> what<00:08:51.959> in<00:08:52.320> in<00:08:52.500> the<00:08:52.680> web<00:08:52.800> 3 00:08:53.030 --> 00:08:53.040 align:start position:0% was started uh what in in the web 3 00:08:53.040 --> 00:08:55.730 align:start position:0% was started uh what in in the web 3 space<00:08:53.279> are<00:08:53.820> these<00:08:54.060> Grant<00:08:54.360> owls<00:08:54.779> so<00:08:55.019> molec 00:08:55.730 --> 00:08:55.740 align:start position:0% space are these Grant owls so molec 00:08:55.740 --> 00:08:58.970 align:start position:0% space are these Grant owls so molec metacartel<00:08:56.540> metagamma<00:08:57.540> Delta<00:08:57.899> these<00:08:58.620> these 00:08:58.970 --> 00:08:58.980 align:start position:0% metacartel metagamma Delta these these 00:08:58.980 --> 00:09:01.190 align:start position:0% metacartel metagamma Delta these these things<00:08:59.100> are<00:08:59.700> a<00:09:00.000> fundamental<00:09:00.660> building<00:09:00.899> block 00:09:01.190 --> 00:09:01.200 align:start position:0% things are a fundamental building block 00:09:01.200 --> 00:09:04.550 align:start position:0% things are a fundamental building block in<00:09:01.680> I<00:09:01.920> think<00:09:02.100> almost<00:09:02.399> every<00:09:03.000> uh<00:09:03.720> public<00:09:04.140> goods 00:09:04.550 --> 00:09:04.560 align:start position:0% in I think almost every uh public goods 00:09:04.560 --> 00:09:07.009 align:start position:0% in I think almost every uh public goods funding<00:09:04.920> uh<00:09:05.279> piece<00:09:05.640> and<00:09:06.300> I<00:09:06.660> should<00:09:06.779> have<00:09:06.899> put 00:09:07.009 --> 00:09:07.019 align:start position:0% funding uh piece and I should have put 00:09:07.019 --> 00:09:08.570 align:start position:0% funding uh piece and I should have put Dow<00:09:07.320> house<00:09:07.500> on<00:09:07.680> here<00:09:07.860> I<00:09:08.100> want<00:09:08.220> to<00:09:08.279> give<00:09:08.399> like 00:09:08.570 --> 00:09:08.580 align:start position:0% Dow house on here I want to give like 00:09:08.580 --> 00:09:10.910 align:start position:0% Dow house on here I want to give like huge<00:09:08.940> shout<00:09:09.180> out<00:09:09.240> to<00:09:09.360> Dow<00:09:09.720> house<00:09:09.899> like<00:09:10.620> those 00:09:10.910 --> 00:09:10.920 align:start position:0% huge shout out to Dow house like those 00:09:10.920 --> 00:09:12.670 align:start position:0% huge shout out to Dow house like those guys<00:09:11.040> are<00:09:11.399> on<00:09:11.580> the<00:09:11.700> Forefront<00:09:12.060> of<00:09:12.240> this<00:09:12.420> stuff 00:09:12.670 --> 00:09:12.680 align:start position:0% guys are on the Forefront of this stuff 00:09:12.680 --> 00:09:15.410 align:start position:0% guys are on the Forefront of this stuff innovating<00:09:13.680> all<00:09:13.920> over<00:09:14.040> the<00:09:14.220> place<00:09:14.420> and 00:09:15.410 --> 00:09:15.420 align:start position:0% innovating all over the place and 00:09:15.420 --> 00:09:17.810 align:start position:0% innovating all over the place and there's<00:09:15.720> somebody<00:09:15.959> to<00:09:16.320> watch<00:09:16.500> like<00:09:16.980> one<00:09:17.700> of 00:09:17.810 --> 00:09:17.820 align:start position:0% there's somebody to watch like one of 00:09:17.820 --> 00:09:18.889 align:start position:0% there's somebody to watch like one of the things<00:09:17.940> I<00:09:18.120> want<00:09:18.180> you<00:09:18.300> to<00:09:18.480> pay<00:09:18.600> attention 00:09:18.889 --> 00:09:18.899 align:start position:0% the things I want you to pay attention 00:09:18.899 --> 00:09:21.530 align:start position:0% the things I want you to pay attention to<00:09:19.140> is<00:09:19.500> these<00:09:20.040> are<00:09:20.160> the<00:09:20.279> projects<00:09:20.880> that<00:09:21.420> are 00:09:21.530 --> 00:09:21.540 align:start position:0% to is these are the projects that are 00:09:21.540 --> 00:09:23.210 align:start position:0% to is these are the projects that are going<00:09:21.660> to<00:09:21.779> be<00:09:21.839> leading<00:09:22.320> this<00:09:22.620> new<00:09:22.800> industry 00:09:23.210 --> 00:09:23.220 align:start position:0% going to be leading this new industry 00:09:23.220 --> 00:09:25.130 align:start position:0% going to be leading this new industry that's<00:09:23.459> emerging<00:09:23.940> and<00:09:24.480> DOW<00:09:24.720> house<00:09:24.899> is 00:09:25.130 --> 00:09:25.140 align:start position:0% that's emerging and DOW house is 00:09:25.140 --> 00:09:27.410 align:start position:0% that's emerging and DOW house is important<00:09:25.440> so<00:09:25.740> the<00:09:25.860> way<00:09:25.980> Grant<00:09:26.220> Dallas<00:09:26.339> work 00:09:27.410 --> 00:09:27.420 align:start position:0% important so the way Grant Dallas work 00:09:27.420 --> 00:09:29.449 align:start position:0% important so the way Grant Dallas work it's<00:09:28.019> basically<00:09:28.380> a<00:09:28.680> social<00:09:28.800> club<00:09:29.100> you<00:09:29.339> could 00:09:29.449 --> 00:09:29.459 align:start position:0% it's basically a social club you could 00:09:29.459 --> 00:09:31.970 align:start position:0% it's basically a social club you could say<00:09:29.640> a<00:09:29.820> donation<00:09:30.180> Club<00:09:30.420> where<00:09:31.320> when<00:09:31.680> you<00:09:31.800> put 00:09:31.970 --> 00:09:31.980 align:start position:0% say a donation Club where when you put 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like<00:09:38.940> how<00:09:39.120> the<00:09:39.240> Dow<00:09:39.420> is<00:09:39.660> going<00:09:39.779> you<00:09:40.019> kind 00:09:40.190 --> 00:09:40.200 align:start position:0% don't like how the Dow is going you kind 00:09:40.200 --> 00:09:42.230 align:start position:0% don't like how the Dow is going you kind of<00:09:40.260> have<00:09:40.380> a<00:09:40.620> money<00:09:40.740> back<00:09:40.920> guarantee<00:09:41.459> you<00:09:42.120> can 00:09:42.230 --> 00:09:42.240 align:start position:0% of have a money back guarantee you can 00:09:42.240 --> 00:09:45.110 align:start position:0% of have a money back guarantee you can Rage<00:09:43.019> Quit<00:09:43.380> get<00:09:43.860> your<00:09:44.040> money<00:09:44.160> back<00:09:44.399> out<00:09:44.640> so 00:09:45.110 --> 00:09:45.120 align:start position:0% Rage Quit get your money back out so 00:09:45.120 --> 00:09:47.870 align:start position:0% Rage Quit get your money back out so it's<00:09:45.600> a<00:09:45.720> really<00:09:45.899> cool<00:09:46.200> social<00:09:46.560> system<00:09:46.920> that<00:09:47.760> in 00:09:47.870 --> 00:09:47.880 align:start position:0% it's a really cool social system that in 00:09:47.880 --> 00:09:49.910 align:start position:0% it's a really cool social system that in the<00:09:48.060> end<00:09:48.120> has<00:09:48.360> collected<00:09:48.899> millions<00:09:49.740> of 00:09:49.910 --> 00:09:49.920 align:start position:0% the end has collected millions of 00:09:49.920 --> 00:09:51.710 align:start position:0% the end has collected millions of dollars<00:09:50.220> for<00:09:50.519> donations<00:09:50.880> in<00:09:51.180> ethereum<00:09:51.540> in 00:09:51.710 --> 00:09:51.720 align:start position:0% dollars for donations in ethereum in 00:09:51.720 --> 00:09:54.889 align:start position:0% dollars for donations in ethereum in ethereum<00:09:52.080> public<00:09:52.320> good<00:09:52.500> space<00:09:52.740> especially 00:09:54.889 --> 00:09:54.899 align:start position:0% ethereum public good space especially 00:09:54.899 --> 00:09:57.290 align:start position:0% ethereum public good space especially one<00:09:55.500> of<00:09:55.680> the<00:09:55.740> biggest<00:09:56.220> donation<00:09:56.700> games<00:09:57.000> of 00:09:57.290 --> 00:09:57.300 align:start position:0% one of the biggest donation games of 00:09:57.300 --> 00:09:59.509 align:start position:0% one of the biggest donation games of course<00:09:57.420> is<00:09:57.660> quadratic<00:09:58.260> funding<00:09:58.560> quadratic 00:09:59.509 --> 00:09:59.519 align:start position:0% course is quadratic funding quadratic 00:09:59.519 --> 00:10:01.730 align:start position:0% course is quadratic funding quadratic funding<00:09:59.880> is<00:10:00.000> a<00:10:00.180> really<00:10:00.360> cool<00:10:00.600> system<00:10:00.959> that 00:10:01.730 --> 00:10:01.740 align:start position:0% funding is a really cool system that 00:10:01.740 --> 00:10:03.650 align:start position:0% funding is a really cool system that emerged<00:10:02.220> out<00:10:02.399> of<00:10:02.580> the<00:10:02.700> radical<00:10:03.120> exchange 00:10:03.650 --> 00:10:03.660 align:start position:0% emerged out of the radical exchange 00:10:03.660 --> 00:10:06.769 align:start position:0% emerged out of the radical exchange Community<00:10:04.140> the<00:10:05.040> radical<00:10:05.339> markets<00:10:05.760> book<00:10:05.940> and 00:10:06.769 --> 00:10:06.779 align:start position:0% Community the radical markets book and 00:10:06.779 --> 00:10:09.650 align:start position:0% Community the radical markets book and clear<00:10:07.680> fund<00:10:08.160> and<00:10:08.459> get<00:10:08.640> coin<00:10:09.000> have<00:10:09.240> implemented 00:10:09.650 --> 00:10:09.660 align:start position:0% clear fund and get coin have implemented 00:10:09.660 --> 00:10:12.050 align:start position:0% clear fund and get coin have implemented it<00:10:09.839> of<00:10:10.740> course<00:10:10.860> Bitcoin<00:10:11.459> has<00:10:11.700> raised 00:10:12.050 --> 00:10:12.060 align:start position:0% it of course Bitcoin has raised 00:10:12.060 --> 00:10:14.210 align:start position:0% it of course Bitcoin has raised somewhere<00:10:12.360> around<00:10:12.540> 70<00:10:13.019> million<00:10:13.620> dollars<00:10:13.920> for 00:10:14.210 --> 00:10:14.220 align:start position:0% somewhere around 70 million dollars for 00:10:14.220 --> 00:10:16.009 align:start position:0% somewhere around 70 million dollars for public<00:10:14.399> goods<00:10:14.880> using<00:10:15.240> this<00:10:15.420> donation<00:10:15.779> game 00:10:16.009 --> 00:10:16.019 align:start position:0% public goods using this donation game 00:10:16.019 --> 00:10:17.750 align:start position:0% public goods using this donation game yeah<00:10:16.380> a<00:10:16.620> round<00:10:16.740> of<00:10:16.860> applause<00:10:17.100> for<00:10:17.279> Bitcoin 00:10:17.750 --> 00:10:17.760 align:start position:0% yeah a round of applause for Bitcoin 00:10:17.760 --> 00:10:23.509 align:start position:0% yeah a round of applause for Bitcoin those<00:10:18.480> guys<00:10:18.720> man 00:10:23.509 --> 00:10:23.519 align:start position:0% 00:10:23.519 --> 00:10:25.610 align:start position:0% and<00:10:24.060> I<00:10:24.240> should<00:10:24.540> probably<00:10:24.720> say<00:10:24.959> us<00:10:25.260> because 00:10:25.610 --> 00:10:25.620 align:start position:0% and I should probably say us because 00:10:25.620 --> 00:10:27.590 align:start position:0% and I should probably say us because many<00:10:25.980> of<00:10:26.100> us<00:10:26.160> are<00:10:26.339> GTC<00:10:26.760> holders<00:10:27.120> in<00:10:27.240> the<00:10:27.360> crowd 00:10:27.590 --> 00:10:27.600 align:start position:0% many of us are GTC holders in the crowd 00:10:27.600 --> 00:10:30.650 align:start position:0% many of us are GTC holders in the crowd I<00:10:27.720> see<00:10:27.839> you<00:10:28.019> I<00:10:28.260> see<00:10:28.440> you<00:10:28.560> out<00:10:28.680> there<00:10:28.860> uh<00:10:29.820> so<00:10:30.360> the 00:10:30.650 --> 00:10:30.660 align:start position:0% I see you I see you out there uh so the 00:10:30.660 --> 00:10:32.690 align:start position:0% I see you I see you out there uh so the get<00:10:30.839> coin<00:10:31.140> Dow<00:10:31.380> has<00:10:31.620> this<00:10:31.800> has<00:10:32.100> been<00:10:32.279> managing 00:10:32.690 --> 00:10:32.700 align:start position:0% get coin Dow has this has been managing 00:10:32.700 --> 00:10:34.370 align:start position:0% get coin Dow has this has been managing is<00:10:33.000> starting<00:10:33.300> to<00:10:33.480> manage<00:10:33.779> the<00:10:33.899> quadratic 00:10:34.370 --> 00:10:34.380 align:start position:0% is starting to manage the quadratic 00:10:34.380 --> 00:10:35.990 align:start position:0% is starting to manage the quadratic funding<00:10:34.740> system<00:10:34.920> and<00:10:35.459> it's<00:10:35.640> a<00:10:35.820> really 00:10:35.990 --> 00:10:36.000 align:start position:0% funding system and it's a really 00:10:36.000 --> 00:10:39.230 align:start position:0% funding system and it's a really interesting<00:10:36.600> game<00:10:36.839> because<00:10:37.740> uh<00:10:38.459> the<00:10:39.180> the 00:10:39.230 --> 00:10:39.240 align:start position:0% interesting game because uh the the 00:10:39.240 --> 00:10:42.110 align:start position:0% interesting game because uh the the foundational<00:10:39.959> layer<00:10:40.500> is<00:10:40.800> the<00:10:41.279> public<00:10:41.580> goods 00:10:42.110 --> 00:10:42.120 align:start position:0% foundational layer is the public goods 00:10:42.120 --> 00:10:45.170 align:start position:0% foundational layer is the public goods funding<00:10:42.540> team<00:10:42.800> they<00:10:43.800> are<00:10:44.279> able<00:10:44.579> to<00:10:44.760> talk<00:10:44.940> to 00:10:45.170 --> 00:10:45.180 align:start position:0% funding team they are able to talk to 00:10:45.180 --> 00:10:47.030 align:start position:0% funding team they are able to talk to Big<00:10:45.540> Wigs<00:10:45.959> in<00:10:46.079> ethereum<00:10:46.440> space<00:10:46.620> that<00:10:46.800> have<00:10:46.980> a 00:10:47.030 --> 00:10:47.040 align:start position:0% Big Wigs in ethereum space that have a 00:10:47.040 --> 00:10:48.290 align:start position:0% Big Wigs in ethereum space that have a lot<00:10:47.160> of<00:10:47.220> money<00:10:47.339> that<00:10:47.579> want<00:10:47.760> to<00:10:47.880> fund<00:10:48.180> public 00:10:48.290 --> 00:10:48.300 align:start position:0% lot of money that want to fund public 00:10:48.300 --> 00:10:52.550 align:start position:0% lot of money that want to fund public goods<00:10:48.720> to<00:10:49.320> get<00:10:49.560> a<00:10:50.040> big<00:10:50.220> matching<00:10:50.760> pool<00:10:50.940> so<00:10:51.899> this 00:10:52.550 --> 00:10:52.560 align:start position:0% goods to get a big matching pool so this 00:10:52.560 --> 00:10:54.230 align:start position:0% goods to get a big matching pool so this is<00:10:52.620> why<00:10:52.800> it's<00:10:52.980> a<00:10:53.100> donation<00:10:53.399> game<00:10:53.640> for<00:10:53.940> sure<00:10:54.060> I 00:10:54.230 --> 00:10:54.240 align:start position:0% is why it's a donation game for sure I 00:10:54.240 --> 00:10:56.090 align:start position:0% is why it's a donation game for sure I mean<00:10:54.360> it's<00:10:54.480> clearly<00:10:54.839> a<00:10:54.959> donation<00:10:55.260> game<00:10:55.500> but 00:10:56.090 --> 00:10:56.100 align:start position:0% mean it's clearly a donation game but 00:10:56.100 --> 00:10:58.430 align:start position:0% mean it's clearly a donation game but there's<00:10:56.399> it<00:10:57.120> doesn't<00:10:57.300> work<00:10:57.600> without<00:10:57.839> a<00:10:58.320> really 00:10:58.430 --> 00:10:58.440 align:start position:0% there's it doesn't work without a really 00:10:58.440 --> 00:11:01.009 align:start position:0% there's it doesn't work without a really large<00:10:58.740> matching<00:10:59.220> pool<00:10:59.399> and<00:11:00.360> the<00:11:00.660> larger<00:11:00.899> the 00:11:01.009 --> 00:11:01.019 align:start position:0% large matching pool and the larger the 00:11:01.019 --> 00:11:03.170 align:start position:0% large matching pool and the larger the matching<00:11:01.380> pool<00:11:01.560> the<00:11:02.279> more<00:11:02.399> interesting<00:11:02.880> it<00:11:03.060> is 00:11:03.170 --> 00:11:03.180 align:start position:0% matching pool the more interesting it is 00:11:03.180 --> 00:11:05.569 align:start position:0% matching pool the more interesting it is to<00:11:03.480> donate<00:11:03.779> to<00:11:04.019> these<00:11:04.260> projects 00:11:05.569 --> 00:11:05.579 align:start position:0% to donate to these projects 00:11:05.579 --> 00:11:09.170 align:start position:0% to donate to these projects so<00:11:06.300> uh<00:11:07.019> the<00:11:07.500> the<00:11:07.680> governance<00:11:08.519> over<00:11:08.880> this 00:11:09.170 --> 00:11:09.180 align:start position:0% so uh the the governance over this 00:11:09.180 --> 00:11:11.269 align:start position:0% so uh the the governance over this matching<00:11:09.540> pool<00:11:09.720> actually<00:11:10.320> happens<00:11:10.620> from<00:11:11.040> each 00:11:11.269 --> 00:11:11.279 align:start position:0% matching pool actually happens from each 00:11:11.279 --> 00:11:14.810 align:start position:0% matching pool actually happens from each donor<00:11:11.760> so<00:11:12.480> if<00:11:12.660> you<00:11:12.779> donate<00:11:13.200> uh<00:11:13.620> the<00:11:13.860> more<00:11:14.040> each 00:11:14.810 --> 00:11:14.820 align:start position:0% donor so if you donate uh the more each 00:11:14.820 --> 00:11:16.730 align:start position:0% donor so if you donate uh the more each project<00:11:15.120> can<00:11:15.720> get<00:11:15.899> a<00:11:16.019> share<00:11:16.200> of<00:11:16.320> the<00:11:16.440> matching 00:11:16.730 --> 00:11:16.740 align:start position:0% project can get a share of the matching 00:11:16.740 --> 00:11:18.410 align:start position:0% project can get a share of the matching funds<00:11:17.100> they<00:11:17.459> get<00:11:17.640> more<00:11:17.820> of<00:11:17.940> a<00:11:18.000> share<00:11:18.180> if 00:11:18.410 --> 00:11:18.420 align:start position:0% funds they get more of a share if 00:11:18.420 --> 00:11:20.269 align:start position:0% funds they get more of a share if there's<00:11:18.600> more<00:11:18.899> people<00:11:19.200> and<00:11:19.860> more<00:11:20.040> money 00:11:20.269 --> 00:11:20.279 align:start position:0% there's more people and more money 00:11:20.279 --> 00:11:22.190 align:start position:0% there's more people and more money donated<00:11:20.880> to<00:11:21.120> the<00:11:21.240> project 00:11:22.190 --> 00:11:22.200 align:start position:0% donated to the project 00:11:22.200 --> 00:11:24.050 align:start position:0% donated to the project uh<00:11:22.800> and<00:11:23.040> of<00:11:23.220> course<00:11:23.339> it's<00:11:23.579> a<00:11:23.760> complicated 00:11:24.050 --> 00:11:24.060 align:start position:0% uh and of course it's a complicated 00:11:24.060 --> 00:11:25.790 align:start position:0% uh and of course it's a complicated equation<00:11:24.480> I'm<00:11:24.720> not<00:11:24.839> going<00:11:24.959> to<00:11:25.019> say<00:11:25.200> but<00:11:25.620> it's 00:11:25.790 --> 00:11:25.800 align:start position:0% equation I'm not going to say but it's 00:11:25.800 --> 00:11:27.590 align:start position:0% equation I'm not going to say but it's really<00:11:25.980> cool<00:11:26.220> as<00:11:26.579> a<00:11:26.820> participant<00:11:27.300> in<00:11:27.480> the 00:11:27.590 --> 00:11:27.600 align:start position:0% really cool as a participant in the 00:11:27.600 --> 00:11:28.910 align:start position:0% really cool as a participant in the system<00:11:27.779> because<00:11:27.959> you're<00:11:28.200> like<00:11:28.320> okay<00:11:28.500> if<00:11:28.740> I 00:11:28.910 --> 00:11:28.920 align:start position:0% system because you're like okay if I 00:11:28.920 --> 00:11:32.030 align:start position:0% system because you're like okay if I donate<00:11:29.279> a<00:11:29.519> dollar<00:11:29.700> they'll<00:11:30.660> get<00:11:30.899> 27<00:11:31.440> wow 00:11:32.030 --> 00:11:32.040 align:start position:0% donate a dollar they'll get 27 wow 00:11:32.040 --> 00:11:36.470 align:start position:0% donate a dollar they'll get 27 wow that's<00:11:32.100> 20x<00:11:32.640> 27<00:11:33.540> percent<00:11:34.040> or<00:11:35.040> sorry<00:11:35.279> 27<00:11:36.000> x 00:11:36.470 --> 00:11:36.480 align:start position:0% that's 20x 27 percent or sorry 27 x 00:11:36.480 --> 00:11:39.350 align:start position:0% that's 20x 27 percent or sorry 27 x times<00:11:37.380> my<00:11:37.620> donation<00:11:37.920> that's<00:11:38.160> amazing<00:11:38.640> but<00:11:39.240> if 00:11:39.350 --> 00:11:39.360 align:start position:0% times my donation that's amazing but if 00:11:39.360 --> 00:11:43.009 align:start position:0% times my donation that's amazing but if I<00:11:39.480> donate<00:11:39.779> a<00:11:40.019> hundred<00:11:40.320> dollars<00:11:40.820> then<00:11:42.019> 250 00:11:43.009 --> 00:11:43.019 align:start position:0% I donate a hundred dollars then 250 00:11:43.019 --> 00:11:44.930 align:start position:0% I donate a hundred dollars then 250 bucks<00:11:43.260> will<00:11:43.560> go<00:11:43.740> to<00:11:43.860> the<00:11:43.980> project<00:11:44.160> so<00:11:44.760> I'm 00:11:44.930 --> 00:11:44.940 align:start position:0% bucks will go to the project so I'm 00:11:44.940 --> 00:11:47.150 align:start position:0% bucks will go to the project so I'm allocating<00:11:45.420> 250<00:11:46.019> out<00:11:46.500> of<00:11:46.680> the<00:11:46.740> matching<00:11:47.040> pool 00:11:47.150 --> 00:11:47.160 align:start position:0% allocating 250 out of the matching pool 00:11:47.160 --> 00:11:48.889 align:start position:0% allocating 250 out of the matching pool how<00:11:47.579> much<00:11:47.700> do<00:11:47.880> I<00:11:48.000> donate<00:11:48.300> you<00:11:48.480> know<00:11:48.600> and<00:11:48.720> it's 00:11:48.889 --> 00:11:48.899 align:start position:0% how much do I donate you know and it's 00:11:48.899 --> 00:11:51.650 align:start position:0% how much do I donate you know and it's kind<00:11:49.079> of<00:11:49.200> a<00:11:49.320> fun<00:11:49.560> game<00:11:50.000> this<00:11:51.000> is<00:11:51.120> the<00:11:51.360> best<00:11:51.420> part 00:11:51.650 --> 00:11:51.660 align:start position:0% kind of a fun game this is the best part 00:11:51.660 --> 00:11:53.509 align:start position:0% kind of a fun game this is the best part about<00:11:51.839> all<00:11:52.079> this<00:11:52.200> web<00:11:52.440> 3<00:11:52.680> stuff<00:11:52.860> it's<00:11:53.100> fun<00:11:53.399> to 00:11:53.509 --> 00:11:53.519 align:start position:0% about all this web 3 stuff it's fun to 00:11:53.519 --> 00:11:55.430 align:start position:0% about all this web 3 stuff it's fun to play<00:11:53.700> you<00:11:54.180> know<00:11:54.300> donations<00:11:54.660> usually<00:11:55.079> are<00:11:55.320> not 00:11:55.430 --> 00:11:55.440 align:start position:0% play you know donations usually are not 00:11:55.440 --> 00:11:56.870 align:start position:0% play you know donations usually are not this<00:11:55.680> fun 00:11:56.870 --> 00:11:56.880 align:start position:0% this fun 00:11:56.880 --> 00:11:58.850 align:start position:0% this fun the<00:11:57.480> next<00:11:57.600> donation<00:11:58.019> game<00:11:58.320> is<00:11:58.500> protocol 00:11:58.850 --> 00:11:58.860 align:start position:0% the next donation game is protocol 00:11:58.860 --> 00:12:01.610 align:start position:0% the next donation game is protocol funding<00:11:59.399> now<00:12:00.060> it<00:12:00.540> kind<00:12:00.720> of<00:12:00.839> feels<00:12:01.140> like<00:12:01.320> it's 00:12:01.610 --> 00:12:01.620 align:start position:0% funding now it kind of feels like it's 00:12:01.620 --> 00:12:04.130 align:start position:0% funding now it kind of feels like it's not<00:12:01.800> a<00:12:01.980> donation<00:12:02.279> but<00:12:03.120> uh<00:12:03.600> you<00:12:03.779> know<00:12:03.839> the 00:12:04.130 --> 00:12:04.140 align:start position:0% not a donation but uh you know the 00:12:04.140 --> 00:12:05.810 align:start position:0% not a donation but uh you know the protocol<00:12:04.620> funding<00:12:05.040> is<00:12:05.220> really<00:12:05.399> led<00:12:05.700> by 00:12:05.810 --> 00:12:05.820 align:start position:0% protocol funding is really led by 00:12:05.820 --> 00:12:08.750 align:start position:0% protocol funding is really led by optimism<00:12:06.360> ens<00:12:07.019> polygon<00:12:07.620> Hermes<00:12:08.040> and<00:12:08.220> bit<00:12:08.339> Dao 00:12:08.750 --> 00:12:08.760 align:start position:0% optimism ens polygon Hermes and bit Dao 00:12:08.760 --> 00:12:11.030 align:start position:0% optimism ens polygon Hermes and bit Dao and<00:12:09.300> basically<00:12:09.600> they're<00:12:10.500> taking<00:12:10.740> a 00:12:11.030 --> 00:12:11.040 align:start position:0% and basically they're taking a 00:12:11.040 --> 00:12:12.590 align:start position:0% and basically they're taking a percentage<00:12:11.399> of<00:12:11.519> the<00:12:11.820> fees<00:12:12.180> that<00:12:12.420> they're 00:12:12.590 --> 00:12:12.600 align:start position:0% percentage of the fees that they're 00:12:12.600 --> 00:12:15.050 align:start position:0% percentage of the fees that they're collecting<00:12:13.019> and<00:12:13.980> allocating<00:12:14.459> that<00:12:14.760> to<00:12:14.940> public 00:12:15.050 --> 00:12:15.060 align:start position:0% collecting and allocating that to public 00:12:15.060 --> 00:12:16.130 align:start position:0% collecting and allocating that to public goods 00:12:16.130 --> 00:12:16.140 align:start position:0% goods 00:12:16.140 --> 00:12:19.370 align:start position:0% goods now<00:12:16.800> this<00:12:17.279> is<00:12:17.399> uh<00:12:17.640> this<00:12:18.000> is<00:12:18.120> basically<00:12:18.600> like<00:12:18.959> a 00:12:19.370 --> 00:12:19.380 align:start position:0% now this is uh this is basically like a 00:12:19.380 --> 00:12:21.769 align:start position:0% now this is uh this is basically like a web<00:12:19.620> 3B<00:12:20.160> Corp<00:12:20.459> but<00:12:20.700> benefit<00:12:20.880> Corporation<00:12:21.540> in 00:12:21.769 --> 00:12:21.779 align:start position:0% web 3B Corp but benefit Corporation in 00:12:21.779 --> 00:12:24.050 align:start position:0% web 3B Corp but benefit Corporation in the<00:12:21.899> states<00:12:22.079> where<00:12:22.920> it's<00:12:23.399> baked<00:12:23.760> into<00:12:23.820> their 00:12:24.050 --> 00:12:24.060 align:start position:0% the states where it's baked into their 00:12:24.060 --> 00:12:25.850 align:start position:0% the states where it's baked into their mission<00:12:24.240> statement<00:12:24.720> that<00:12:25.320> they're<00:12:25.560> going<00:12:25.740> to 00:12:25.850 --> 00:12:25.860 align:start position:0% mission statement that they're going to 00:12:25.860 --> 00:12:28.250 align:start position:0% mission statement that they're going to support<00:12:26.040> public<00:12:26.399> goods<00:12:26.880> and<00:12:27.420> optimism<00:12:27.959> has 00:12:28.250 --> 00:12:28.260 align:start position:0% support public goods and optimism has 00:12:28.260 --> 00:12:30.230 align:start position:0% support public goods and optimism has one<00:12:28.440> of<00:12:28.560> the<00:12:28.620> coolest<00:12:28.920> systems<00:12:29.399> because<00:12:29.700> they 00:12:30.230 --> 00:12:30.240 align:start position:0% one of the coolest systems because they 00:12:30.240 --> 00:12:32.449 align:start position:0% one of the coolest systems because they even<00:12:30.360> add<00:12:30.720> this<00:12:30.899> retro<00:12:31.320> public<00:12:31.560> goods<00:12:32.040> funding 00:12:32.449 --> 00:12:32.459 align:start position:0% even add this retro public goods funding 00:12:32.459 --> 00:12:36.470 align:start position:0% even add this retro public goods funding piece<00:12:33.180> to<00:12:33.300> it<00:12:33.680> where<00:12:34.680> they<00:12:35.399> can<00:12:35.519> find<00:12:36.000> they<00:12:36.360> can 00:12:36.470 --> 00:12:36.480 align:start position:0% piece to it where they can find they can 00:12:36.480 --> 00:12:38.449 align:start position:0% piece to it where they can find they can get<00:12:36.779> non-profits<00:12:37.560> or<00:12:37.680> or<00:12:37.860> people<00:12:38.100> who<00:12:38.339> are 00:12:38.449 --> 00:12:38.459 align:start position:0% get non-profits or or people who are 00:12:38.459 --> 00:12:40.009 align:start position:0% get non-profits or or people who are developing<00:12:38.760> open<00:12:38.940> source<00:12:39.360> code<00:12:39.480> to<00:12:39.660> go<00:12:39.839> find 00:12:40.009 --> 00:12:40.019 align:start position:0% developing open source code to go find 00:12:40.019 --> 00:12:42.050 align:start position:0% developing open source code to go find investment<00:12:40.560> knowing<00:12:41.220> that<00:12:41.399> they<00:12:41.519> could<00:12:41.700> get<00:12:41.880> a 00:12:42.050 --> 00:12:42.060 align:start position:0% investment knowing that they could get a 00:12:42.060 --> 00:12:44.990 align:start position:0% investment knowing that they could get a grant<00:12:42.420> later<00:12:43.019> if<00:12:43.440> they<00:12:43.620> succeed<00:12:44.040> and<00:12:44.639> it's<00:12:44.760> it 00:12:44.990 --> 00:12:45.000 align:start position:0% grant later if they succeed and it's it 00:12:45.000 --> 00:12:47.629 align:start position:0% grant later if they succeed and it's it creates<00:12:45.300> an<00:12:45.540> even<00:12:45.720> another<00:12:46.200> system<00:12:47.040> on<00:12:47.399> top<00:12:47.519> of 00:12:47.629 --> 00:12:47.639 align:start position:0% creates an even another system on top of 00:12:47.639 --> 00:12:49.370 align:start position:0% creates an even another system on top of it<00:12:47.760> it's<00:12:47.940> super<00:12:48.180> cool 00:12:49.370 --> 00:12:49.380 align:start position:0% it it's super cool 00:12:49.380 --> 00:12:50.290 align:start position:0% it it's super cool foreign 00:12:50.290 --> 00:12:50.300 align:start position:0% foreign 00:12:50.300 --> 00:12:52.730 align:start position:0% foreign my<00:12:51.300> favorite<00:12:51.480> donation<00:12:51.959> game<00:12:52.200> and<00:12:52.440> I'm<00:12:52.620> a 00:12:52.730 --> 00:12:52.740 align:start position:0% my favorite donation game and I'm a 00:12:52.740 --> 00:12:55.670 align:start position:0% my favorite donation game and I'm a little<00:12:52.860> biased<00:12:53.399> is<00:12:54.120> uh<00:12:54.300> give<00:12:54.480> backs<00:12:54.959> so<00:12:55.440> give 00:12:55.670 --> 00:12:55.680 align:start position:0% little biased is uh give backs so give 00:12:55.680 --> 00:12:57.829 align:start position:0% little biased is uh give backs so give backs<00:12:56.040> is<00:12:56.160> a<00:12:56.279> pretty<00:12:56.399> simple<00:12:56.579> one<00:12:56.880> whenever 00:12:57.829 --> 00:12:57.839 align:start position:0% backs is a pretty simple one whenever 00:12:57.839 --> 00:12:59.870 align:start position:0% backs is a pretty simple one whenever you<00:12:58.139> donate<00:12:58.440> to<00:12:58.680> a<00:12:58.860> verified<00:12:59.339> project<00:12:59.639> on 00:12:59.870 --> 00:12:59.880 align:start position:0% you donate to a verified project on 00:12:59.880 --> 00:13:02.090 align:start position:0% you donate to a verified project on giveth<00:13:00.300> a<00:13:01.079> hundred<00:13:01.320> percent<00:13:01.440> of<00:13:01.680> the<00:13:01.800> donation 00:13:02.090 --> 00:13:02.100 align:start position:0% giveth a hundred percent of the donation 00:13:02.100 --> 00:13:04.190 align:start position:0% giveth a hundred percent of the donation goes<00:13:02.459> to<00:13:02.519> the<00:13:02.700> project<00:13:02.880> and<00:13:03.600> the<00:13:03.720> donors<00:13:04.019> get 00:13:04.190 --> 00:13:04.200 align:start position:0% goes to the project and the donors get 00:13:04.200 --> 00:13:07.009 align:start position:0% goes to the project and the donors get up<00:13:04.380> to<00:13:04.560> 75<00:13:05.100> percent<00:13:05.339> back<00:13:05.820> and<00:13:06.360> give<00:13:06.540> tokens 00:13:07.009 --> 00:13:07.019 align:start position:0% up to 75 percent back and give tokens 00:13:07.019 --> 00:13:09.590 align:start position:0% up to 75 percent back and give tokens streamed<00:13:07.560> over<00:13:07.680> time<00:13:07.980> so<00:13:08.880> what's<00:13:09.420> really 00:13:09.590 --> 00:13:09.600 align:start position:0% streamed over time so what's really 00:13:09.600 --> 00:13:11.990 align:start position:0% streamed over time so what's really crazy<00:13:09.839> about<00:13:10.139> this<00:13:10.380> is<00:13:10.680> if<00:13:10.860> you<00:13:11.100> donate<00:13:11.459> a 00:13:11.990 --> 00:13:12.000 align:start position:0% crazy about this is if you donate a 00:13:12.000 --> 00:13:14.810 align:start position:0% crazy about this is if you donate a hundred<00:13:12.300> dollars<00:13:12.680> then<00:13:13.680> you<00:13:13.920> will<00:13:14.040> get<00:13:14.279> 75 00:13:14.810 --> 00:13:14.820 align:start position:0% hundred dollars then you will get 75 00:13:14.820 --> 00:13:19.190 align:start position:0% hundred dollars then you will get 75 dollars<00:13:15.240> uh<00:13:16.139> in<00:13:16.440> give<00:13:16.680> up<00:13:17.579> to<00:13:17.760> 75<00:13:18.480> and<00:13:18.959> give 00:13:19.190 --> 00:13:19.200 align:start position:0% dollars uh in give up to 75 and give 00:13:19.200 --> 00:13:23.150 align:start position:0% dollars uh in give up to 75 and give back<00:13:20.060> into<00:13:21.060> your<00:13:21.600> like<00:13:21.959> for<00:13:22.139> donating 00:13:23.150 --> 00:13:23.160 align:start position:0% back into your like for donating 00:13:23.160 --> 00:13:25.190 align:start position:0% back into your like for donating part<00:13:23.700> of<00:13:23.820> that<00:13:24.000> will<00:13:24.180> be<00:13:24.360> liquid<00:13:24.720> so<00:13:24.959> you<00:13:25.079> can 00:13:25.190 --> 00:13:25.200 align:start position:0% part of that will be liquid so you can 00:13:25.200 --> 00:13:26.629 align:start position:0% part of that will be liquid so you can sell<00:13:25.380> it<00:13:25.500> you<00:13:25.680> can<00:13:25.800> donate<00:13:26.100> it<00:13:26.220> you<00:13:26.399> can<00:13:26.519> play 00:13:26.629 --> 00:13:26.639 align:start position:0% sell it you can donate it you can play 00:13:26.639 --> 00:13:28.790 align:start position:0% sell it you can donate it you can play the<00:13:26.940> next<00:13:27.120> game<00:13:27.360> that<00:13:27.720> we'll<00:13:27.839> talk<00:13:28.019> about<00:13:28.139> and 00:13:28.790 --> 00:13:28.800 align:start position:0% the next game that we'll talk about and 00:13:28.800 --> 00:13:30.410 align:start position:0% the next game that we'll talk about and the<00:13:28.920> other<00:13:29.040> part<00:13:29.339> is<00:13:29.700> stream<00:13:29.940> to<00:13:30.180> you<00:13:30.300> over 00:13:30.410 --> 00:13:30.420 align:start position:0% the other part is stream to you over 00:13:30.420 --> 00:13:34.850 align:start position:0% the other part is stream to you over time<00:13:30.860> until<00:13:31.860> like<00:13:32.160> 2026.<00:13:33.060> so<00:13:33.899> if<00:13:34.620> the<00:13:34.740> give 00:13:34.850 --> 00:13:34.860 align:start position:0% time until like 2026. so if the give 00:13:34.860 --> 00:13:37.190 align:start position:0% time until like 2026. so if the give token<00:13:35.339> goes<00:13:35.639> up<00:13:35.880> because<00:13:36.540> it's<00:13:36.779> a<00:13:36.899> volatile 00:13:37.190 --> 00:13:37.200 align:start position:0% token goes up because it's a volatile 00:13:37.200 --> 00:13:39.590 align:start position:0% token goes up because it's a volatile currency<00:13:37.620> you<00:13:38.160> could<00:13:38.279> even<00:13:38.459> get<00:13:38.820> more<00:13:39.240> money 00:13:39.590 --> 00:13:39.600 align:start position:0% currency you could even get more money 00:13:39.600 --> 00:13:42.350 align:start position:0% currency you could even get more money than<00:13:39.839> you<00:13:40.079> donated<00:13:40.380> which<00:13:41.279> is<00:13:41.519> crazy<00:13:41.880> you<00:13:42.300> know 00:13:42.350 --> 00:13:42.360 align:start position:0% than you donated which is crazy you know 00:13:42.360 --> 00:13:43.670 align:start position:0% than you donated which is crazy you know this<00:13:42.540> is<00:13:42.660> the<00:13:42.779> kind<00:13:42.959> of<00:13:43.019> stuff<00:13:43.200> that<00:13:43.380> can<00:13:43.500> only 00:13:43.670 --> 00:13:43.680 align:start position:0% this is the kind of stuff that can only 00:13:43.680 --> 00:13:46.550 align:start position:0% this is the kind of stuff that can only happen<00:13:43.860> in<00:13:44.100> web3 00:13:46.550 --> 00:13:46.560 align:start position:0% 00:13:46.560 --> 00:13:48.410 align:start position:0% give<00:13:46.920> power<00:13:47.399> it's<00:13:47.579> really<00:13:47.820> important<00:13:48.180> for<00:13:48.300> the 00:13:48.410 --> 00:13:48.420 align:start position:0% give power it's really important for the 00:13:48.420 --> 00:13:50.930 align:start position:0% give power it's really important for the giveth<00:13:48.720> roadmap<00:13:49.079> it<00:13:49.440> just<00:13:49.620> we're<00:13:50.100> in<00:13:50.459> a<00:13:50.579> phased 00:13:50.930 --> 00:13:50.940 align:start position:0% giveth roadmap it just we're in a phased 00:13:50.940 --> 00:13:52.550 align:start position:0% giveth roadmap it just we're in a phased rollout<00:13:51.240> for<00:13:51.540> the<00:13:51.660> launch<00:13:51.899> and<00:13:52.139> it<00:13:52.320> just 00:13:52.550 --> 00:13:52.560 align:start position:0% rollout for the launch and it just 00:13:52.560 --> 00:13:54.110 align:start position:0% rollout for the launch and it just launched<00:13:52.860> the<00:13:53.040> first<00:13:53.160> part<00:13:53.339> the<00:13:53.639> staking<00:13:53.880> and 00:13:54.110 --> 00:13:54.120 align:start position:0% launched the first part the staking and 00:13:54.120 --> 00:13:56.990 align:start position:0% launched the first part the staking and locking<00:13:54.480> piece<00:13:54.839> uh<00:13:55.740> two<00:13:55.920> weeks<00:13:56.220> ago<00:13:56.399> major 00:13:56.990 --> 00:13:57.000 align:start position:0% locking piece uh two weeks ago major 00:13:57.000 --> 00:13:59.269 align:start position:0% locking piece uh two weeks ago major shout<00:13:57.360> out<00:13:57.420> to<00:13:57.600> Lauren<00:13:57.899> loose<00:13:58.200> who<00:13:58.440> runs<00:13:59.160> that 00:13:59.269 --> 00:13:59.279 align:start position:0% shout out to Lauren loose who runs that 00:13:59.279 --> 00:14:04.030 align:start position:0% shout out to Lauren loose who runs that piece<00:13:59.579> of<00:13:59.700> it<00:13:59.820> runs<00:14:00.720> the<00:14:00.779> economy 00:14:04.030 --> 00:14:04.040 align:start position:0% 00:14:04.040 --> 00:14:07.250 align:start position:0% uh<00:14:05.040> give<00:14:05.339> give<00:14:05.399> power<00:14:06.000> is<00:14:06.660> really<00:14:06.959> important 00:14:07.250 --> 00:14:07.260 align:start position:0% uh give give power is really important 00:14:07.260 --> 00:14:10.069 align:start position:0% uh give give power is really important to<00:14:07.440> giveth<00:14:07.740> in<00:14:08.040> this<00:14:08.160> in<00:14:08.519> in<00:14:08.760> the<00:14:09.000> Evolve<00:14:09.480> like 00:14:10.069 --> 00:14:10.079 align:start position:0% to giveth in this in in the Evolve like 00:14:10.079 --> 00:14:13.310 align:start position:0% to giveth in this in in the Evolve like to<00:14:10.380> evolve<00:14:10.860> non-profits<00:14:11.519> to<00:14:11.639> the<00:14:11.820> end<00:14:11.940> goal<00:14:12.360> uh 00:14:13.310 --> 00:14:13.320 align:start position:0% to evolve non-profits to the end goal uh 00:14:13.320 --> 00:14:15.530 align:start position:0% to evolve non-profits to the end goal uh one<00:14:13.560> of<00:14:13.740> the<00:14:13.800> big<00:14:14.040> mission<00:14:14.279> of<00:14:14.519> giveth<00:14:14.880> is<00:14:15.360> to 00:14:15.530 --> 00:14:15.540 align:start position:0% one of the big mission of giveth is to 00:14:15.540 --> 00:14:17.030 align:start position:0% one of the big mission of giveth is to take<00:14:15.660> non-profits<00:14:16.320> meet<00:14:16.500> them<00:14:16.680> where<00:14:16.860> they 00:14:17.030 --> 00:14:17.040 align:start position:0% take non-profits meet them where they 00:14:17.040 --> 00:14:19.310 align:start position:0% take non-profits meet them where they are<00:14:17.160> and<00:14:17.639> eventually<00:14:18.000> help<00:14:18.839> them<00:14:19.019> create 00:14:19.310 --> 00:14:19.320 align:start position:0% are and eventually help them create 00:14:19.320 --> 00:14:21.829 align:start position:0% are and eventually help them create their<00:14:19.680> own<00:14:19.800> economic<00:14:20.399> game<00:14:20.639> so<00:14:21.240> that<00:14:21.420> they<00:14:21.660> can 00:14:21.829 --> 00:14:21.839 align:start position:0% their own economic game so that they can 00:14:21.839 --> 00:14:23.870 align:start position:0% their own economic game so that they can be<00:14:22.320> basically<00:14:22.680> an<00:14:22.860> impact<00:14:23.160> now 00:14:23.870 --> 00:14:23.880 align:start position:0% be basically an impact now 00:14:23.880 --> 00:14:26.870 align:start position:0% be basically an impact now and<00:14:24.600> give<00:14:25.380> power<00:14:25.740> will<00:14:26.160> be<00:14:26.399> the<00:14:26.700> first 00:14:26.870 --> 00:14:26.880 align:start position:0% and give power will be the first 00:14:26.880 --> 00:14:29.090 align:start position:0% and give power will be the first opportunity<00:14:27.540> that<00:14:28.079> many<00:14:28.380> of<00:14:28.560> these<00:14:28.740> projects 00:14:29.090 --> 00:14:29.100 align:start position:0% opportunity that many of these projects 00:14:29.100 --> 00:14:32.090 align:start position:0% opportunity that many of these projects have<00:14:29.339> to<00:14:29.820> make<00:14:30.180> a<00:14:30.360> win-win<00:14:30.959> offer<00:14:31.380> to<00:14:31.980> their 00:14:32.090 --> 00:14:32.100 align:start position:0% have to make a win-win offer to their 00:14:32.100 --> 00:14:34.790 align:start position:0% have to make a win-win offer to their donors<00:14:32.459> so<00:14:33.720> let's<00:14:34.200> say<00:14:34.380> you're<00:14:34.560> a<00:14:34.740> project 00:14:34.790 --> 00:14:34.800 align:start position:0% donors so let's say you're a project 00:14:34.800 --> 00:14:36.590 align:start position:0% donors so let's say you're a project someone<00:14:35.160> just<00:14:35.399> donates<00:14:35.700> 100<00:14:35.880> bucks<00:14:36.180> to<00:14:36.480> you 00:14:36.590 --> 00:14:36.600 align:start position:0% someone just donates 100 bucks to you 00:14:36.600 --> 00:14:38.569 align:start position:0% someone just donates 100 bucks to you you<00:14:37.019> know<00:14:37.200> that<00:14:37.380> they<00:14:37.620> just<00:14:37.740> got<00:14:37.860> give<00:14:38.100> tokens 00:14:38.569 --> 00:14:38.579 align:start position:0% you know that they just got give tokens 00:14:38.579 --> 00:14:40.610 align:start position:0% you know that they just got give tokens right<00:14:39.000> so<00:14:39.420> you<00:14:39.540> go<00:14:39.660> and<00:14:39.779> you<00:14:39.899> tell<00:14:40.079> them<00:14:40.199> hey 00:14:40.610 --> 00:14:40.620 align:start position:0% right so you go and you tell them hey 00:14:40.620 --> 00:14:43.430 align:start position:0% right so you go and you tell them hey with<00:14:41.459> give<00:14:41.699> power<00:14:42.000> you<00:14:42.779> can<00:14:42.899> stake<00:14:43.199> your<00:14:43.320> give 00:14:43.430 --> 00:14:43.440 align:start position:0% with give power you can stake your give 00:14:43.440 --> 00:14:46.550 align:start position:0% with give power you can stake your give tokens<00:14:43.860> behind<00:14:44.279> my<00:14:44.519> project<00:14:44.779> you<00:14:45.779> earn<00:14:46.139> a<00:14:46.320> sick 00:14:46.550 --> 00:14:46.560 align:start position:0% tokens behind my project you earn a sick 00:14:46.560 --> 00:14:49.730 align:start position:0% tokens behind my project you earn a sick APR<00:14:47.180> and<00:14:48.180> I<00:14:48.540> get<00:14:48.720> benefits<00:14:49.139> on<00:14:49.260> the<00:14:49.380> platform 00:14:49.730 --> 00:14:49.740 align:start position:0% APR and I get benefits on the platform 00:14:49.740 --> 00:14:52.610 align:start position:0% APR and I get benefits on the platform so<00:14:50.699> specifically<00:14:51.360> they'll<00:14:51.839> the<00:14:52.139> project<00:14:52.260> will 00:14:52.610 --> 00:14:52.620 align:start position:0% so specifically they'll the project will 00:14:52.620 --> 00:14:54.590 align:start position:0% so specifically they'll the project will get<00:14:52.800> higher<00:14:53.279> up<00:14:53.339> on<00:14:53.579> the<00:14:53.699> on<00:14:53.880> the<00:14:54.060> ranking<00:14:54.420> list 00:14:54.590 --> 00:14:54.600 align:start position:0% get higher up on the on the ranking list 00:14:54.600 --> 00:14:57.050 align:start position:0% get higher up on the on the ranking list you<00:14:54.899> know<00:14:55.019> where<00:14:55.740> uh<00:14:55.980> where<00:14:56.459> they<00:14:56.579> come<00:14:56.760> up<00:14:56.880> so 00:14:57.050 --> 00:14:57.060 align:start position:0% you know where uh where they come up so 00:14:57.060 --> 00:14:58.850 align:start position:0% you know where uh where they come up so they'll<00:14:57.240> come<00:14:57.420> up<00:14:57.540> faster<00:14:57.839> from<00:14:58.139> to<00:14:58.560> be<00:14:58.680> seen 00:14:58.850 --> 00:14:58.860 align:start position:0% they'll come up faster from to be seen 00:14:58.860 --> 00:15:02.090 align:start position:0% they'll come up faster from to be seen by<00:14:59.040> more<00:14:59.220> people<00:14:59.420> and<00:15:00.420> they<00:15:00.839> will<00:15:01.019> also<00:15:01.440> get 00:15:02.090 --> 00:15:02.100 align:start position:0% by more people and they will also get 00:15:02.100 --> 00:15:04.449 align:start position:0% by more people and they will also get more<00:15:02.339> give<00:15:02.579> backs<00:15:02.940> for<00:15:03.060> their<00:15:03.180> donors<00:15:03.600> so 00:15:04.449 --> 00:15:04.459 align:start position:0% more give backs for their donors so 00:15:04.459 --> 00:15:06.710 align:start position:0% more give backs for their donors so you're<00:15:05.459> basically<00:15:05.760> would<00:15:06.000> give<00:15:06.180> power<00:15:06.480> the 00:15:06.710 --> 00:15:06.720 align:start position:0% you're basically would give power the 00:15:06.720 --> 00:15:09.829 align:start position:0% you're basically would give power the give<00:15:06.899> token<00:15:07.260> holders<00:15:07.680> are<00:15:08.519> voting<00:15:09.240> they<00:15:09.720> don't 00:15:09.829 --> 00:15:09.839 align:start position:0% give token holders are voting they don't 00:15:09.839 --> 00:15:11.090 align:start position:0% give token holders are voting they don't even<00:15:09.959> know<00:15:10.139> they're<00:15:10.320> voting<00:15:10.680> they're<00:15:10.920> just 00:15:11.090 --> 00:15:11.100 align:start position:0% even know they're voting they're just 00:15:11.100 --> 00:15:12.410 align:start position:0% even know they're voting they're just supporting<00:15:11.459> they're<00:15:11.699> just<00:15:11.880> staking<00:15:12.120> behind 00:15:12.410 --> 00:15:12.420 align:start position:0% supporting they're just staking behind 00:15:12.420 --> 00:15:14.030 align:start position:0% supporting they're just staking behind their<00:15:12.540> favorite<00:15:12.720> projects<00:15:13.199> but<00:15:13.800> they're 00:15:14.030 --> 00:15:14.040 align:start position:0% their favorite projects but they're 00:15:14.040 --> 00:15:15.889 align:start position:0% their favorite projects but they're voting<00:15:14.519> for<00:15:14.820> how<00:15:15.060> give<00:15:15.360> backs<00:15:15.779> are 00:15:15.889 --> 00:15:15.899 align:start position:0% voting for how give backs are 00:15:15.899 --> 00:15:17.750 align:start position:0% voting for how give backs are distributed<00:15:16.380> so<00:15:17.040> it's<00:15:17.160> kind<00:15:17.399> of<00:15:17.459> a<00:15:17.639> cool 00:15:17.750 --> 00:15:17.760 align:start position:0% distributed so it's kind of a cool 00:15:17.760 --> 00:15:20.990 align:start position:0% distributed so it's kind of a cool economic<00:15:18.300> game<00:15:18.540> tied<00:15:19.440> with<00:15:19.860> with<00:15:20.339> a<00:15:20.639> donation 00:15:20.990 --> 00:15:21.000 align:start position:0% economic game tied with with a donation 00:15:21.000 --> 00:15:21.769 align:start position:0% economic game tied with with a donation game 00:15:21.769 --> 00:15:21.779 align:start position:0% game 00:15:21.779 --> 00:15:24.769 align:start position:0% game and<00:15:22.740> the<00:15:23.399> but<00:15:23.760> the<00:15:24.000> coolest<00:15:24.240> thing<00:15:24.360> is<00:15:24.540> this 00:15:24.769 --> 00:15:24.779 align:start position:0% and the but the coolest thing is this 00:15:24.779 --> 00:15:27.470 align:start position:0% and the but the coolest thing is this psychological<00:15:25.380> shift<00:15:25.800> that<00:15:26.699> projects<00:15:27.240> have 00:15:27.470 --> 00:15:27.480 align:start position:0% psychological shift that projects have 00:15:27.480 --> 00:15:30.350 align:start position:0% psychological shift that projects have to<00:15:27.600> get<00:15:27.959> to<00:15:28.079> make<00:15:28.320> when<00:15:28.920> they<00:15:29.100> say<00:15:29.279> Hey<00:15:29.579> you<00:15:30.180> can 00:15:30.350 --> 00:15:30.360 align:start position:0% to get to make when they say Hey you can 00:15:30.360 --> 00:15:32.870 align:start position:0% to get to make when they say Hey you can earn<00:15:30.720> a<00:15:30.839> yield<00:15:31.139> while<00:15:31.800> supporting<00:15:32.279> me<00:15:32.459> as 00:15:32.870 --> 00:15:32.880 align:start position:0% earn a yield while supporting me as 00:15:32.880 --> 00:15:34.970 align:start position:0% earn a yield while supporting me as opposed<00:15:33.300> to<00:15:33.300> you<00:15:34.079> can<00:15:34.199> sacrifice<00:15:34.680> while 00:15:34.970 --> 00:15:34.980 align:start position:0% opposed to you can sacrifice while 00:15:34.980 --> 00:15:37.189 align:start position:0% opposed to you can sacrifice while supporting<00:15:35.459> me 00:15:37.189 --> 00:15:37.199 align:start position:0% supporting me 00:15:37.199 --> 00:15:38.210 align:start position:0% supporting me so 00:15:38.210 --> 00:15:38.220 align:start position:0% so 00:15:38.220 --> 00:15:41.629 align:start position:0% so the<00:15:38.699> really<00:15:38.880> my<00:15:39.839> favorite<00:15:40.019> part<00:15:40.380> of<00:15:40.800> the<00:15:41.100> web<00:15:41.339> 3 00:15:41.629 --> 00:15:41.639 align:start position:0% the really my favorite part of the web 3 00:15:41.639 --> 00:15:43.430 align:start position:0% the really my favorite part of the web 3 public<00:15:42.000> goods<00:15:42.420> funding<00:15:42.660> stream<00:15:42.839> though<00:15:43.139> is 00:15:43.430 --> 00:15:43.440 align:start position:0% public goods funding stream though is 00:15:43.440 --> 00:15:45.769 align:start position:0% public goods funding stream though is the<00:15:43.680> economic<00:15:44.220> games<00:15:44.399> in<00:15:45.120> the<00:15:45.300> donation<00:15:45.540> games 00:15:45.769 --> 00:15:45.779 align:start position:0% the economic games in the donation games 00:15:45.779 --> 00:15:47.569 align:start position:0% the economic games in the donation games donations<00:15:46.320> are<00:15:46.560> always<00:15:46.680> part<00:15:46.920> of<00:15:47.040> it<00:15:47.160> which 00:15:47.569 --> 00:15:47.579 align:start position:0% donations are always part of it which 00:15:47.579 --> 00:15:49.310 align:start position:0% donations are always part of it which means<00:15:47.880> there's<00:15:48.180> a<00:15:48.360> little<00:15:48.480> bit<00:15:48.600> of<00:15:48.779> sacrifice 00:15:49.310 --> 00:15:49.320 align:start position:0% means there's a little bit of sacrifice 00:15:49.320 --> 00:15:52.009 align:start position:0% means there's a little bit of sacrifice injected<00:15:50.160> into<00:15:50.399> the<00:15:50.639> system<00:15:50.820> that<00:15:51.660> makes<00:15:51.779> it 00:15:52.009 --> 00:15:52.019 align:start position:0% injected into the system that makes it 00:15:52.019 --> 00:15:53.750 align:start position:0% injected into the system that makes it really<00:15:52.260> hard<00:15:52.500> to<00:15:52.740> have<00:15:52.860> that<00:15:53.100> invisible<00:15:53.459> hand 00:15:53.750 --> 00:15:53.760 align:start position:0% really hard to have that invisible hand 00:15:53.760 --> 00:15:56.810 align:start position:0% really hard to have that invisible hand making<00:15:54.060> magic<00:15:54.540> but<00:15:55.320> in<00:15:55.500> economic<00:15:55.980> games<00:15:56.160> it's 00:15:56.810 --> 00:15:56.820 align:start position:0% making magic but in economic games it's 00:15:56.820 --> 00:15:58.310 align:start position:0% making magic but in economic games it's win-win<00:15:57.300> all<00:15:57.420> the<00:15:57.600> way 00:15:58.310 --> 00:15:58.320 align:start position:0% win-win all the way 00:15:58.320 --> 00:16:00.710 align:start position:0% win-win all the way and<00:15:58.800> this<00:15:58.980> happens<00:15:59.160> through<00:15:59.399> issuance<00:15:59.880> so 00:16:00.710 --> 00:16:00.720 align:start position:0% and this happens through issuance so 00:16:00.720 --> 00:16:02.870 align:start position:0% and this happens through issuance so ethereum<00:16:01.380> and<00:16:01.980> Bitcoin<00:16:02.459> and<00:16:02.639> all<00:16:02.820> the 00:16:02.870 --> 00:16:02.880 align:start position:0% ethereum and Bitcoin and all the 00:16:02.880 --> 00:16:05.090 align:start position:0% ethereum and Bitcoin and all the blockchains<00:16:03.540> are<00:16:04.139> in<00:16:04.380> my<00:16:04.500> opinion<00:16:04.800> public 00:16:05.090 --> 00:16:05.100 align:start position:0% blockchains are in my opinion public 00:16:05.100 --> 00:16:07.610 align:start position:0% blockchains are in my opinion public infrastructure<00:16:05.760> like<00:16:06.540> in<00:16:06.720> a<00:16:06.899> city<00:16:06.959> the<00:16:07.380> water 00:16:07.610 --> 00:16:07.620 align:start position:0% infrastructure like in a city the water 00:16:07.620 --> 00:16:10.610 align:start position:0% infrastructure like in a city the water or<00:16:08.100> or<00:16:08.459> electrical<00:16:09.000> infrastructure<00:16:09.600> yes<00:16:10.380> you 00:16:10.610 --> 00:16:10.620 align:start position:0% or or electrical infrastructure yes you 00:16:10.620 --> 00:16:11.930 align:start position:0% or or electrical infrastructure yes you have<00:16:10.740> to<00:16:10.860> pay<00:16:10.980> a<00:16:11.160> bill<00:16:11.339> you<00:16:11.519> have<00:16:11.639> to<00:16:11.699> pay<00:16:11.820> a 00:16:11.930 --> 00:16:11.940 align:start position:0% have to pay a bill you have to pay a 00:16:11.940 --> 00:16:13.730 align:start position:0% have to pay a bill you have to pay a water<00:16:12.060> bill<00:16:12.300> electrical<00:16:12.839> bill<00:16:13.019> or<00:16:13.440> you<00:16:13.620> have 00:16:13.730 --> 00:16:13.740 align:start position:0% water bill electrical bill or you have 00:16:13.740 --> 00:16:15.650 align:start position:0% water bill electrical bill or you have to<00:16:13.860> pay<00:16:13.980> transaction<00:16:14.459> fees<00:16:14.880> on<00:16:15.120> to<00:16:15.360> use<00:16:15.480> the 00:16:15.650 --> 00:16:15.660 align:start position:0% to pay transaction fees on to use the 00:16:15.660 --> 00:16:18.110 align:start position:0% to pay transaction fees on to use the blockchain<00:16:16.079> but<00:16:16.860> the<00:16:17.040> infrastructure<00:16:17.639> itself 00:16:18.110 --> 00:16:18.120 align:start position:0% blockchain but the infrastructure itself 00:16:18.120 --> 00:16:21.230 align:start position:0% blockchain but the infrastructure itself is<00:16:19.079> the<00:16:19.380> access<00:16:19.680> to<00:16:20.100> the<00:16:20.220> tooling<00:16:20.579> is<00:16:20.940> a<00:16:21.060> public 00:16:21.230 --> 00:16:21.240 align:start position:0% is the access to the tooling is a public 00:16:21.240 --> 00:16:22.970 align:start position:0% is the access to the tooling is a public good<00:16:21.480> that's<00:16:21.899> why<00:16:22.079> this<00:16:22.320> infrastructure<00:16:22.860> is 00:16:22.970 --> 00:16:22.980 align:start position:0% good that's why this infrastructure is 00:16:22.980 --> 00:16:25.069 align:start position:0% good that's why this infrastructure is usually<00:16:23.220> funded<00:16:23.519> by<00:16:23.699> governments 00:16:25.069 --> 00:16:25.079 align:start position:0% usually funded by governments 00:16:25.079 --> 00:16:27.170 align:start position:0% usually funded by governments well<00:16:25.500> with<00:16:25.680> blockchains<00:16:26.339> it's<00:16:26.760> funded<00:16:27.000> by 00:16:27.170 --> 00:16:27.180 align:start position:0% well with blockchains it's funded by 00:16:27.180 --> 00:16:29.810 align:start position:0% well with blockchains it's funded by issuance<00:16:28.079> and<00:16:28.680> that's<00:16:28.860> the<00:16:29.160> key<00:16:29.279> for<00:16:29.639> these 00:16:29.810 --> 00:16:29.820 align:start position:0% issuance and that's the key for these 00:16:29.820 --> 00:16:33.889 align:start position:0% issuance and that's the key for these economic<00:16:30.240> games<00:16:30.860> issuance<00:16:31.880> is<00:16:32.880> sent<00:16:33.420> to 00:16:33.889 --> 00:16:33.899 align:start position:0% economic games issuance is sent to 00:16:33.899 --> 00:16:36.110 align:start position:0% economic games issuance is sent to people<00:16:34.199> who<00:16:34.440> are<00:16:34.560> providing<00:16:34.980> good<00:16:35.160> work<00:16:35.339> right 00:16:36.110 --> 00:16:36.120 align:start position:0% people who are providing good work right 00:16:36.120 --> 00:16:38.210 align:start position:0% people who are providing good work right so<00:16:36.420> in<00:16:36.600> ethereum<00:16:36.959> it's<00:16:37.079> the<00:16:37.320> miners<00:16:37.680> and<00:16:37.980> that 00:16:38.210 --> 00:16:38.220 align:start position:0% so in ethereum it's the miners and that 00:16:38.220 --> 00:16:40.249 align:start position:0% so in ethereum it's the miners and that are<00:16:38.399> now<00:16:38.639> the<00:16:38.820> stakers<00:16:39.180> uh<00:16:39.839> blockchain 00:16:40.249 --> 00:16:40.259 align:start position:0% are now the stakers uh blockchain 00:16:40.259 --> 00:16:43.189 align:start position:0% are now the stakers uh blockchain Bitcoin<00:16:41.040> it's<00:16:41.100> the<00:16:41.279> miners<00:16:41.660> but<00:16:42.660> there<00:16:43.079> were 00:16:43.189 --> 00:16:43.199 align:start position:0% Bitcoin it's the miners but there were 00:16:43.199 --> 00:16:45.110 align:start position:0% Bitcoin it's the miners but there were some<00:16:43.320> really<00:16:43.560> cool<00:16:43.740> innovations<00:16:44.220> that<00:16:44.699> many 00:16:45.110 --> 00:16:45.120 align:start position:0% some really cool innovations that many 00:16:45.120 --> 00:16:46.370 align:start position:0% some really cool innovations that many people<00:16:45.360> have<00:16:45.540> forgotten<00:16:45.839> about<00:16:45.959> or<00:16:46.199> never 00:16:46.370 --> 00:16:46.380 align:start position:0% people have forgotten about or never 00:16:46.380 --> 00:16:49.610 align:start position:0% people have forgotten about or never heard<00:16:46.620> of<00:16:46.740> in<00:16:47.300> 2013-2014<00:16:48.300> that<00:16:49.139> actually<00:16:49.380> use 00:16:49.610 --> 00:16:49.620 align:start position:0% heard of in 2013-2014 that actually use 00:16:49.620 --> 00:16:52.790 align:start position:0% heard of in 2013-2014 that actually use this<00:16:49.860> to<00:16:50.100> do<00:16:50.220> direct<00:16:50.820> public<00:16:51.120> goods<00:16:51.540> funding<00:16:51.899> Z 00:16:52.790 --> 00:16:52.800 align:start position:0% this to do direct public goods funding Z 00:16:52.800 --> 00:16:56.090 align:start position:0% this to do direct public goods funding Z cash<00:16:53.040> actually<00:16:53.759> supports<00:16:54.480> uh<00:16:55.100> cryptographic 00:16:56.090 --> 00:16:56.100 align:start position:0% cash actually supports uh cryptographic 00:16:56.100 --> 00:16:59.090 align:start position:0% cash actually supports uh cryptographic research<00:16:56.459> this<00:16:57.360> is<00:16:57.480> without<00:16:58.199> this<00:16:58.680> protocol 00:16:59.090 --> 00:16:59.100 align:start position:0% research this is without this protocol 00:16:59.100 --> 00:17:00.949 align:start position:0% research this is without this protocol it<00:16:59.519> would<00:16:59.639> I<00:16:59.880> doubt<00:17:00.180> we'd<00:17:00.420> have<00:17:00.480> Roll-Ups 00:17:00.949 --> 00:17:00.959 align:start position:0% it would I doubt we'd have Roll-Ups 00:17:00.959 --> 00:17:01.610 align:start position:0% it would I doubt we'd have Roll-Ups today 00:17:01.610 --> 00:17:01.620 align:start position:0% today 00:17:01.620 --> 00:17:04.689 align:start position:0% today and<00:17:02.519> uh<00:17:03.060> and<00:17:03.300> it's<00:17:03.600> just<00:17:03.779> the<00:17:03.959> block<00:17:04.079> reward 00:17:04.689 --> 00:17:04.699 align:start position:0% and uh and it's just the block reward 00:17:04.699 --> 00:17:08.449 align:start position:0% and uh and it's just the block reward and<00:17:05.699> then<00:17:06.179> name<00:17:06.419> coin<00:17:06.900> Prime<00:17:07.199> coin<00:17:07.679> curecoin 00:17:08.449 --> 00:17:08.459 align:start position:0% and then name coin Prime coin curecoin 00:17:08.459 --> 00:17:11.030 align:start position:0% and then name coin Prime coin curecoin these<00:17:09.120> are<00:17:09.179> these<00:17:09.360> bottom<00:17:09.720> threes<00:17:10.040> they're 00:17:11.030 --> 00:17:11.040 align:start position:0% these are these bottom threes they're 00:17:11.040 --> 00:17:14.390 align:start position:0% these are these bottom threes they're crazy<00:17:11.339> like<00:17:12.240> no<00:17:12.780> very<00:17:13.500> few<00:17:13.679> people<00:17:13.980> actually 00:17:14.390 --> 00:17:14.400 align:start position:0% crazy like no very few people actually 00:17:14.400 --> 00:17:16.549 align:start position:0% crazy like no very few people actually even<00:17:14.699> follow<00:17:15.000> these<00:17:15.360> projects<00:17:15.780> but<00:17:16.380> their 00:17:16.549 --> 00:17:16.559 align:start position:0% even follow these projects but their 00:17:16.559 --> 00:17:19.189 align:start position:0% even follow these projects but their runaway<00:17:17.040> economic<00:17:17.640> games<00:17:17.819> Prime<00:17:18.720> coin<00:17:19.079> to 00:17:19.189 --> 00:17:19.199 align:start position:0% runaway economic games Prime coin to 00:17:19.199 --> 00:17:21.530 align:start position:0% runaway economic games Prime coin to minor<00:17:19.559> block<00:17:19.919> and<00:17:20.160> Prime<00:17:20.400> coin<00:17:20.760> you<00:17:21.240> have<00:17:21.419> to 00:17:21.530 --> 00:17:21.540 align:start position:0% minor block and Prime coin you have to 00:17:21.540 --> 00:17:23.390 align:start position:0% minor block and Prime coin you have to find<00:17:21.720> a<00:17:21.959> new<00:17:22.020> prime<00:17:22.199> number<00:17:22.500> people<00:17:23.220> are 00:17:23.390 --> 00:17:23.400 align:start position:0% find a new prime number people are 00:17:23.400 --> 00:17:25.669 align:start position:0% find a new prime number people are mining<00:17:23.819> blocks<00:17:24.179> every<00:17:24.540> day<00:17:24.780> every<00:17:25.439> minute 00:17:25.669 --> 00:17:25.679 align:start position:0% mining blocks every day every minute 00:17:25.679 --> 00:17:27.949 align:start position:0% mining blocks every day every minute there's<00:17:26.040> a<00:17:26.220> new<00:17:26.339> prime<00:17:26.520> number<00:17:26.760> found<00:17:27.179> by 00:17:27.949 --> 00:17:27.959 align:start position:0% there's a new prime number found by 00:17:27.959 --> 00:17:31.190 align:start position:0% there's a new prime number found by Prime<00:17:28.199> coin<00:17:28.679> and<00:17:29.400> I<00:17:29.760> doubt<00:17:30.179> most<00:17:30.780> of<00:17:30.900> this<00:17:31.020> room 00:17:31.190 --> 00:17:31.200 align:start position:0% Prime coin and I doubt most of this room 00:17:31.200 --> 00:17:33.169 align:start position:0% Prime coin and I doubt most of this room has<00:17:31.440> never<00:17:31.620> even<00:17:31.740> heard<00:17:31.980> of<00:17:32.100> it<00:17:32.220> but<00:17:32.700> it's<00:17:33.000> a 00:17:33.169 --> 00:17:33.179 align:start position:0% has never even heard of it but it's a 00:17:33.179 --> 00:17:35.870 align:start position:0% has never even heard of it but it's a runaway<00:17:33.480> economic<00:17:34.140> machine<00:17:34.320> and<00:17:35.160> no<00:17:35.520> one<00:17:35.640> has 00:17:35.870 --> 00:17:35.880 align:start position:0% runaway economic machine and no one has 00:17:35.880 --> 00:17:38.029 align:start position:0% runaway economic machine and no one has is<00:17:36.179> no<00:17:36.480> one's<00:17:36.720> donating<00:17:37.020> no<00:17:37.559> one's<00:17:37.799> paying 00:17:38.029 --> 00:17:38.039 align:start position:0% is no one's donating no one's paying 00:17:38.039 --> 00:17:40.430 align:start position:0% is no one's donating no one's paying taxes<00:17:38.460> people<00:17:39.179> are<00:17:39.419> just<00:17:39.720> getting<00:17:40.140> the<00:17:40.320> block 00:17:40.430 --> 00:17:40.440 align:start position:0% taxes people are just getting the block 00:17:40.440 --> 00:17:42.490 align:start position:0% taxes people are just getting the block reward<00:17:40.860> for<00:17:41.100> finding<00:17:41.460> finding<00:17:41.820> prime<00:17:42.000> numbers 00:17:42.490 --> 00:17:42.500 align:start position:0% reward for finding finding prime numbers 00:17:42.500 --> 00:17:44.810 align:start position:0% reward for finding finding prime numbers namecoin<00:17:43.500> was<00:17:43.620> actually<00:17:43.799> the<00:17:44.039> first<00:17:44.280> Fork<00:17:44.700> of 00:17:44.810 --> 00:17:44.820 align:start position:0% namecoin was actually the first Fork of 00:17:44.820 --> 00:17:47.630 align:start position:0% namecoin was actually the first Fork of Bitcoin<00:17:45.240> and<00:17:45.660> it's<00:17:45.780> kind<00:17:45.960> of<00:17:46.020> like<00:17:46.200> ens<00:17:46.860> does 00:17:47.630 --> 00:17:47.640 align:start position:0% Bitcoin and it's kind of like ens does 00:17:47.640 --> 00:17:49.850 align:start position:0% Bitcoin and it's kind of like ens does anyone<00:17:47.940> have<00:17:48.059> a<00:17:48.179> DOT<00:17:48.419> bit<00:17:48.539> domain 00:17:49.850 --> 00:17:49.860 align:start position:0% anyone have a DOT bit domain 00:17:49.860 --> 00:17:52.190 align:start position:0% anyone have a DOT bit domain No<00:17:50.460> Hands<00:17:50.880> okay<00:17:51.179> cool 00:17:52.190 --> 00:17:52.200 align:start position:0% No Hands okay cool 00:17:52.200 --> 00:17:55.130 align:start position:0% No Hands okay cool you<00:17:52.919> can<00:17:53.039> is<00:17:53.760> infrastructure<00:17:54.419> that<00:17:54.600> exists 00:17:55.130 --> 00:17:55.140 align:start position:0% you can is infrastructure that exists 00:17:55.140 --> 00:17:57.169 align:start position:0% you can is infrastructure that exists even<00:17:55.679> though<00:17:55.799> no<00:17:56.039> one's<00:17:56.280> using<00:17:56.580> it<00:17:56.700> it's 00:17:57.169 --> 00:17:57.179 align:start position:0% even though no one's using it it's 00:17:57.179 --> 00:17:59.090 align:start position:0% even though no one's using it it's amazing<00:17:57.539> and<00:17:57.720> curecoin's<00:17:58.440> folding<00:17:58.740> proteins 00:17:59.090 --> 00:17:59.100 align:start position:0% amazing and curecoin's folding proteins 00:17:59.100 --> 00:18:00.890 align:start position:0% amazing and curecoin's folding proteins for<00:17:59.340> cancer<00:17:59.520> research<00:18:00.000> one<00:18:00.240> block<00:18:00.419> at<00:18:00.660> a<00:18:00.840> time 00:18:00.890 --> 00:18:00.900 align:start position:0% for cancer research one block at a time 00:18:00.900 --> 00:18:03.049 align:start position:0% for cancer research one block at a time it's<00:18:01.500> so<00:18:01.799> cool 00:18:03.049 --> 00:18:03.059 align:start position:0% it's so cool 00:18:03.059 --> 00:18:06.230 align:start position:0% it's so cool they're<00:18:03.480> using<00:18:03.780> issuance<00:18:04.260> and<00:18:05.100> and<00:18:05.580> the<00:18:05.940> but 00:18:06.230 --> 00:18:06.240 align:start position:0% they're using issuance and and the but 00:18:06.240 --> 00:18:08.390 align:start position:0% they're using issuance and and the but it's<00:18:06.539> in<00:18:06.840> the<00:18:07.020> digital<00:18:07.260> space<00:18:07.620> what's 00:18:08.390 --> 00:18:08.400 align:start position:0% it's in the digital space what's 00:18:08.400 --> 00:18:10.549 align:start position:0% it's in the digital space what's exciting<00:18:08.940> is<00:18:09.240> this<00:18:09.480> move<00:18:09.720> towards<00:18:10.200> bringing 00:18:10.549 --> 00:18:10.559 align:start position:0% exciting is this move towards bringing 00:18:10.559 --> 00:18:12.470 align:start position:0% exciting is this move towards bringing it<00:18:10.620> to<00:18:10.799> meet<00:18:10.980> space<00:18:11.220> so<00:18:11.700> like<00:18:11.820> pambala 00:18:12.470 --> 00:18:12.480 align:start position:0% it to meet space so like pambala 00:18:12.480 --> 00:18:14.029 align:start position:0% it to meet space so like pambala subsidizes<00:18:13.080> communities<00:18:13.440> like<00:18:13.679> Bitcoin 00:18:14.029 --> 00:18:14.039 align:start position:0% subsidizes communities like Bitcoin 00:18:14.039 --> 00:18:16.010 align:start position:0% subsidizes communities like Bitcoin subsidized<00:18:14.640> security<00:18:14.820> they're<00:18:15.720> using 00:18:16.010 --> 00:18:16.020 align:start position:0% subsidized security they're using 00:18:16.020 --> 00:18:18.110 align:start position:0% subsidized security they're using issuance<00:18:16.440> to<00:18:16.679> actually<00:18:16.860> support<00:18:17.640> Community 00:18:18.110 --> 00:18:18.120 align:start position:0% issuance to actually support Community 00:18:18.120 --> 00:18:22.430 align:start position:0% issuance to actually support Community groups<00:18:18.720> to<00:18:19.500> to<00:18:19.679> meet<00:18:19.980> and<00:18:20.280> share<00:18:20.460> ideas 00:18:22.430 --> 00:18:22.440 align:start position:0% groups to to meet and share ideas 00:18:22.440 --> 00:18:25.130 align:start position:0% groups to to meet and share ideas and<00:18:23.340> uh<00:18:23.760> rainbow<00:18:23.940> rolls<00:18:24.480> in<00:18:24.600> public<00:18:24.780> nouns 00:18:25.130 --> 00:18:25.140 align:start position:0% and uh rainbow rolls in public nouns 00:18:25.140 --> 00:18:26.630 align:start position:0% and uh rainbow rolls in public nouns this<00:18:25.260> is<00:18:25.380> the<00:18:25.500> nft<00:18:25.740> style<00:18:26.100> it's<00:18:26.340> not<00:18:26.520> all 00:18:26.630 --> 00:18:26.640 align:start position:0% this is the nft style it's not all 00:18:26.640 --> 00:18:28.430 align:start position:0% this is the nft style it's not all fungible<00:18:27.000> tokens<00:18:27.360> playing<00:18:27.600> games<00:18:27.780> rainbow 00:18:28.430 --> 00:18:28.440 align:start position:0% fungible tokens playing games rainbow 00:18:28.440 --> 00:18:32.930 align:start position:0% fungible tokens playing games rainbow rolls<00:18:29.160> uh<00:18:29.880> sold<00:18:30.240> like<00:18:30.660> 900<00:18:31.260> nfts<00:18:31.919> and<00:18:32.580> funded 00:18:32.930 --> 00:18:32.940 align:start position:0% rolls uh sold like 900 nfts and funded 00:18:32.940 --> 00:18:35.029 align:start position:0% rolls uh sold like 900 nfts and funded get<00:18:33.179> coin<00:18:33.600> matching<00:18:33.960> rounds<00:18:34.320> helped<00:18:34.740> to<00:18:34.860> help 00:18:35.029 --> 00:18:35.039 align:start position:0% get coin matching rounds helped to help 00:18:35.039 --> 00:18:37.310 align:start position:0% get coin matching rounds helped to help support<00:18:35.220> some<00:18:35.520> giveth<00:18:35.880> projects<00:18:36.360> and<00:18:36.960> also 00:18:37.310 --> 00:18:37.320 align:start position:0% support some giveth projects and also 00:18:37.320 --> 00:18:39.049 align:start position:0% support some giveth projects and also wiped<00:18:37.620> away<00:18:37.799> seven<00:18:38.220> million<00:18:38.640> dollars<00:18:38.880> of 00:18:39.049 --> 00:18:39.059 align:start position:0% wiped away seven million dollars of 00:18:39.059 --> 00:18:41.390 align:start position:0% wiped away seven million dollars of medical<00:18:39.179> debt<00:18:39.660> from<00:18:40.200> random<00:18:40.740> Americans<00:18:41.160> that 00:18:41.390 --> 00:18:41.400 align:start position:0% medical debt from random Americans that 00:18:41.400 --> 00:18:42.830 align:start position:0% medical debt from random Americans that they<00:18:41.580> that<00:18:41.880> they<00:18:42.059> were<00:18:42.179> able<00:18:42.299> to<00:18:42.419> buy<00:18:42.539> up<00:18:42.720> their 00:18:42.830 --> 00:18:42.840 align:start position:0% they that they were able to buy up their 00:18:42.840 --> 00:18:45.230 align:start position:0% they that they were able to buy up their medical<00:18:43.020> debt<00:18:43.440> incredible<00:18:44.220> project 00:18:45.230 --> 00:18:45.240 align:start position:0% medical debt incredible project 00:18:45.240 --> 00:18:47.990 align:start position:0% medical debt incredible project no<00:18:46.020> one<00:18:46.140> donated 00:18:47.990 --> 00:18:48.000 align:start position:0% no one donated 00:18:48.000 --> 00:18:50.029 align:start position:0% no one donated people<00:18:48.539> bought<00:18:48.840> nfts<00:18:49.500> they<00:18:49.679> could<00:18:49.860> sell 00:18:50.029 --> 00:18:50.039 align:start position:0% people bought nfts they could sell 00:18:50.039 --> 00:18:52.850 align:start position:0% people bought nfts they could sell there's<00:18:50.340> upside<00:18:50.880> public<00:18:51.539> nouns<00:18:52.080> it<00:18:52.679> just 00:18:52.850 --> 00:18:52.860 align:start position:0% there's upside public nouns it just 00:18:52.860 --> 00:18:54.470 align:start position:0% there's upside public nouns it just started<00:18:53.160> two<00:18:53.340> weeks<00:18:53.640> ago<00:18:53.760> Again<00:18:53.880> by<00:18:54.120> the<00:18:54.240> Dow 00:18:54.470 --> 00:18:54.480 align:start position:0% started two weeks ago Again by the Dow 00:18:54.480 --> 00:18:57.049 align:start position:0% started two weeks ago Again by the Dow House<00:18:54.660> crew<00:18:55.080> uh<00:18:55.799> it's<00:18:56.520> kind<00:18:56.700> of<00:18:56.760> like<00:18:56.880> a 00:18:57.049 --> 00:18:57.059 align:start position:0% House crew uh it's kind of like a 00:18:57.059 --> 00:18:59.870 align:start position:0% House crew uh it's kind of like a molecdo<00:18:57.660> but<00:18:58.440> instead<00:18:58.919> of<00:18:59.160> the<00:18:59.340> shares<00:18:59.700> being 00:18:59.870 --> 00:18:59.880 align:start position:0% molecdo but instead of the shares being 00:18:59.880 --> 00:19:02.510 align:start position:0% molecdo but instead of the shares being non-transferable<00:19:00.720> it's<00:19:01.500> an<00:19:01.679> nft<00:19:02.039> that's 00:19:02.510 --> 00:19:02.520 align:start position:0% non-transferable it's an nft that's 00:19:02.520 --> 00:19:04.789 align:start position:0% non-transferable it's an nft that's worth<00:19:02.760> one<00:19:03.059> vote<00:19:03.360> in<00:19:03.780> governing<00:19:04.200> the<00:19:04.440> treasury 00:19:04.789 --> 00:19:04.799 align:start position:0% worth one vote in governing the treasury 00:19:04.799 --> 00:19:07.490 align:start position:0% worth one vote in governing the treasury right<00:19:05.460> and<00:19:06.179> the<00:19:06.480> intention<00:19:06.780> is<00:19:07.020> to<00:19:07.200> spend<00:19:07.380> it 00:19:07.490 --> 00:19:07.500 align:start position:0% right and the intention is to spend it 00:19:07.500 --> 00:19:10.610 align:start position:0% right and the intention is to spend it on<00:19:07.620> public<00:19:07.799> goods<00:19:08.220> so<00:19:09.000> it's<00:19:09.419> super<00:19:09.660> cool<00:19:09.900> and 00:19:10.610 --> 00:19:10.620 align:start position:0% on public goods so it's super cool and 00:19:10.620 --> 00:19:12.590 align:start position:0% on public goods so it's super cool and it's<00:19:10.799> it's<00:19:10.980> basically<00:19:11.400> I'm<00:19:11.580> looked<00:19:12.120> out<00:19:12.179> and 00:19:12.590 --> 00:19:12.600 align:start position:0% it's it's basically I'm looked out and 00:19:12.600 --> 00:19:14.270 align:start position:0% it's it's basically I'm looked out and instead<00:19:13.080> of<00:19:13.140> Rage<00:19:13.440> quitting<00:19:13.919> and<00:19:14.100> getting 00:19:14.270 --> 00:19:14.280 align:start position:0% instead of Rage quitting and getting 00:19:14.280 --> 00:19:16.370 align:start position:0% instead of Rage quitting and getting less<00:19:14.580> you<00:19:15.240> could<00:19:15.360> actually<00:19:15.539> potentially<00:19:16.080> sell 00:19:16.370 --> 00:19:16.380 align:start position:0% less you could actually potentially sell 00:19:16.380 --> 00:19:19.610 align:start position:0% less you could actually potentially sell your<00:19:16.559> nft<00:19:16.860> for<00:19:17.160> more<00:19:17.340> than<00:19:17.460> you<00:19:17.580> paid<00:19:17.760> for<00:19:17.940> it 00:19:19.610 --> 00:19:19.620 align:start position:0% your nft for more than you paid for it 00:19:19.620 --> 00:19:21.590 align:start position:0% your nft for more than you paid for it token<00:19:20.460> engineering<00:19:20.880> Commons<00:19:21.179> is<00:19:21.419> another 00:19:21.590 --> 00:19:21.600 align:start position:0% token engineering Commons is another 00:19:21.600 --> 00:19:23.450 align:start position:0% token engineering Commons is another amazing<00:19:22.200> economic<00:19:22.740> game 00:19:23.450 --> 00:19:23.460 align:start position:0% amazing economic game 00:19:23.460 --> 00:19:25.430 align:start position:0% amazing economic game this<00:19:24.179> is<00:19:24.299> in<00:19:24.539> partnership<00:19:24.840> with<00:19:25.140> the<00:19:25.320> common 00:19:25.430 --> 00:19:25.440 align:start position:0% this is in partnership with the common 00:19:25.440 --> 00:19:27.350 align:start position:0% this is in partnership with the common stack<00:19:25.799> this<00:19:25.980> is<00:19:26.100> the<00:19:26.280> first<00:19:26.400> Commons<00:19:26.880> the 00:19:27.350 --> 00:19:27.360 align:start position:0% stack this is the first Commons the 00:19:27.360 --> 00:19:29.690 align:start position:0% stack this is the first Commons the common<00:19:27.480> stack<00:19:27.840> ever<00:19:28.020> launched 00:19:29.690 --> 00:19:29.700 align:start position:0% common stack ever launched 00:19:29.700 --> 00:19:32.090 align:start position:0% common stack ever launched it's<00:19:30.179> really<00:19:30.360> cool<00:19:30.539> it<00:19:30.900> uses<00:19:31.200> a<00:19:31.500> bonding<00:19:31.799> curve 00:19:32.090 --> 00:19:32.100 align:start position:0% it's really cool it uses a bonding curve 00:19:32.100 --> 00:19:33.230 align:start position:0% it's really cool it uses a bonding curve which 00:19:33.230 --> 00:19:33.240 align:start position:0% which 00:19:33.240 --> 00:19:34.430 align:start position:0% which um<00:19:33.299> I<00:19:33.660> don't<00:19:33.720> know<00:19:33.840> how<00:19:34.020> many<00:19:34.140> people<00:19:34.260> have 00:19:34.430 --> 00:19:34.440 align:start position:0% um I don't know how many people have 00:19:34.440 --> 00:19:36.890 align:start position:0% um I don't know how many people have heard<00:19:34.620> of<00:19:34.740> bonding<00:19:35.039> curves<00:19:35.340> oh<00:19:36.299> my<00:19:36.480> God<00:19:36.600> this 00:19:36.890 --> 00:19:36.900 align:start position:0% heard of bonding curves oh my God this 00:19:36.900 --> 00:19:39.409 align:start position:0% heard of bonding curves oh my God this is<00:19:37.020> a<00:19:37.260> smart<00:19:37.440> crew<00:19:37.919> so<00:19:38.580> for<00:19:38.940> the<00:19:39.059> ones<00:19:39.299> that 00:19:39.409 --> 00:19:39.419 align:start position:0% is a smart crew so for the ones that 00:19:39.419 --> 00:19:40.909 align:start position:0% is a smart crew so for the ones that didn't<00:19:39.539> raise<00:19:39.720> their<00:19:39.900> hands<00:19:40.140> a<00:19:40.380> bonding<00:19:40.679> curve 00:19:40.909 --> 00:19:40.919 align:start position:0% didn't raise their hands a bonding curve 00:19:40.919 --> 00:19:43.070 align:start position:0% didn't raise their hands a bonding curve especially<00:19:41.460> a<00:19:41.640> token<00:19:41.940> bonding<00:19:42.299> curve<00:19:42.539> is<00:19:42.840> a 00:19:43.070 --> 00:19:43.080 align:start position:0% especially a token bonding curve is a 00:19:43.080 --> 00:19:45.350 align:start position:0% especially a token bonding curve is a very<00:19:43.200> simple<00:19:43.440> smart<00:19:43.799> contract<00:19:44.340> that<00:19:45.059> when<00:19:45.240> you 00:19:45.350 --> 00:19:45.360 align:start position:0% very simple smart contract that when you 00:19:45.360 --> 00:19:48.110 align:start position:0% very simple smart contract that when you send<00:19:45.539> it<00:19:45.660> money<00:19:45.900> it<00:19:46.559> mints<00:19:46.860> a<00:19:46.980> token<00:19:47.340> and<00:19:48.000> if 00:19:48.110 --> 00:19:48.120 align:start position:0% send it money it mints a token and if 00:19:48.120 --> 00:19:49.669 align:start position:0% send it money it mints a token and if you<00:19:48.240> and<00:19:48.539> it<00:19:48.720> holds<00:19:49.020> that<00:19:49.140> money<00:19:49.320> in<00:19:49.500> the 00:19:49.669 --> 00:19:49.679 align:start position:0% you and it holds that money in the 00:19:49.679 --> 00:19:52.010 align:start position:0% you and it holds that money in the contract<00:19:49.980> and<00:19:50.760> if<00:19:50.880> you<00:19:51.059> send<00:19:51.240> the<00:19:51.419> token<00:19:51.780> back 00:19:52.010 --> 00:19:52.020 align:start position:0% contract and if you send the token back 00:19:52.020 --> 00:19:54.650 align:start position:0% contract and if you send the token back it<00:19:52.799> will<00:19:52.980> release<00:19:53.400> the<00:19:53.700> collateral<00:19:54.120> and<00:19:54.480> burn 00:19:54.650 --> 00:19:54.660 align:start position:0% it will release the collateral and burn 00:19:54.660 --> 00:19:57.590 align:start position:0% it will release the collateral and burn the<00:19:54.900> token<00:19:55.320> this<00:19:56.220> will<00:19:56.460> win<00:19:56.700> a<00:19:56.880> Nobel<00:19:57.240> prize<00:19:57.480> in 00:19:57.590 --> 00:19:57.600 align:start position:0% the token this will win a Nobel prize in 00:19:57.600 --> 00:20:00.169 align:start position:0% the token this will win a Nobel prize in economics<00:19:58.020> I<00:19:58.440> promise<00:19:58.740> you<00:19:58.860> this<00:19:59.160> Simon<00:19:59.940> De<00:20:00.059> La 00:20:00.169 --> 00:20:00.179 align:start position:0% economics I promise you this Simon De La 00:20:00.179 --> 00:20:02.090 align:start position:0% economics I promise you this Simon De La rubier<00:20:00.539> Bancorp<00:20:01.260> they<00:20:01.380> created<00:20:01.740> something 00:20:02.090 --> 00:20:02.100 align:start position:0% rubier Bancorp they created something 00:20:02.100 --> 00:20:04.909 align:start position:0% rubier Bancorp they created something that<00:20:02.700> has<00:20:02.880> never<00:20:03.000> been<00:20:03.179> seen<00:20:03.419> before<00:20:03.740> this<00:20:04.740> is 00:20:04.909 --> 00:20:04.919 align:start position:0% that has never been seen before this is 00:20:04.919 --> 00:20:07.070 align:start position:0% that has never been seen before this is a<00:20:05.160> one-sided<00:20:05.700> market<00:20:05.880> and<00:20:06.539> it<00:20:06.660> solves<00:20:06.960> a 00:20:07.070 --> 00:20:07.080 align:start position:0% a one-sided market and it solves a 00:20:07.080 --> 00:20:09.650 align:start position:0% a one-sided market and it solves a liquidity<00:20:07.440> issue<00:20:07.799> for<00:20:08.340> Mark<00:20:09.120> for<00:20:09.480> small 00:20:09.650 --> 00:20:09.660 align:start position:0% liquidity issue for Mark for small 00:20:09.660 --> 00:20:11.870 align:start position:0% liquidity issue for Mark for small market<00:20:09.900> cap<00:20:10.200> tokens<00:20:10.679> like<00:20:11.220> paintball<00:20:11.640> is 00:20:11.870 --> 00:20:11.880 align:start position:0% market cap tokens like paintball is 00:20:11.880 --> 00:20:14.470 align:start position:0% market cap tokens like paintball is super<00:20:12.000> cool<00:20:12.179> right<00:20:12.419> I<00:20:12.660> said<00:20:12.840> it<00:20:12.960> before<00:20:13.460> but 00:20:14.470 --> 00:20:14.480 align:start position:0% super cool right I said it before but 00:20:14.480 --> 00:20:17.750 align:start position:0% super cool right I said it before but when<00:20:15.480> when<00:20:15.900> they<00:20:16.200> issued<00:20:16.620> when<00:20:17.160> they<00:20:17.280> issued 00:20:17.750 --> 00:20:17.760 align:start position:0% when when they issued when they issued 00:20:17.760 --> 00:20:20.930 align:start position:0% when when they issued when they issued uh<00:20:18.419> their<00:20:18.840> token<00:20:19.200> it<00:20:19.860> had<00:20:19.980> no<00:20:20.220> value<00:20:20.400> at<00:20:20.700> first 00:20:20.930 --> 00:20:20.940 align:start position:0% uh their token it had no value at first 00:20:20.940 --> 00:20:22.930 align:start position:0% uh their token it had no value at first and<00:20:21.780> eventually 00:20:22.930 --> 00:20:22.940 align:start position:0% and eventually 00:20:22.940 --> 00:20:26.750 align:start position:0% and eventually uniswap<00:20:23.940> found<00:20:24.900> its<00:20:25.200> way<00:20:25.200> to<00:20:25.320> uniswap<00:20:25.919> and<00:20:26.220> it 00:20:26.750 --> 00:20:26.760 align:start position:0% uniswap found its way to uniswap and it 00:20:26.760 --> 00:20:29.029 align:start position:0% uniswap found its way to uniswap and it created<00:20:27.059> a<00:20:27.539> value<00:20:27.900> but<00:20:28.440> it<00:20:28.559> still<00:20:28.740> has<00:20:28.860> very 00:20:29.029 --> 00:20:29.039 align:start position:0% created a value but it still has very 00:20:29.039 --> 00:20:31.610 align:start position:0% created a value but it still has very low<00:20:29.160> liquidity<00:20:29.940> with<00:20:30.419> a<00:20:30.660> token<00:20:30.960> bonding<00:20:31.320> curve 00:20:31.610 --> 00:20:31.620 align:start position:0% low liquidity with a token bonding curve 00:20:31.620 --> 00:20:34.490 align:start position:0% low liquidity with a token bonding curve uh<00:20:32.160> economy<00:20:32.700> it<00:20:33.179> doesn't<00:20:33.299> have<00:20:33.539> that<00:20:33.780> issue<00:20:34.080> it 00:20:34.490 --> 00:20:34.500 align:start position:0% uh economy it doesn't have that issue it 00:20:34.500 --> 00:20:35.990 align:start position:0% uh economy it doesn't have that issue it starts<00:20:34.799> out<00:20:34.860> with<00:20:35.220> infinite<00:20:35.580> liquidity 00:20:35.990 --> 00:20:36.000 align:start position:0% starts out with infinite liquidity 00:20:36.000 --> 00:20:38.330 align:start position:0% starts out with infinite liquidity because<00:20:36.299> uh<00:20:37.020> issuance<00:20:37.500> is<00:20:37.740> dependent<00:20:38.160> on 00:20:38.330 --> 00:20:38.340 align:start position:0% because uh issuance is dependent on 00:20:38.340 --> 00:20:40.370 align:start position:0% because uh issuance is dependent on demand<00:20:38.700> which<00:20:39.240> is<00:20:39.480> super<00:20:39.600> cool 00:20:40.370 --> 00:20:40.380 align:start position:0% demand which is super cool 00:20:40.380 --> 00:20:42.770 align:start position:0% demand which is super cool and<00:20:40.980> it<00:20:41.340> uses<00:20:41.640> fees<00:20:42.059> throughout<00:20:42.419> the<00:20:42.600> system 00:20:42.770 --> 00:20:42.780 align:start position:0% and it uses fees throughout the system 00:20:42.780 --> 00:20:46.010 align:start position:0% and it uses fees throughout the system uh<00:20:43.679> when<00:20:43.919> people<00:20:44.160> are<00:20:44.460> issuing<00:20:45.059> or<00:20:45.360> minting<00:20:45.900> or 00:20:46.010 --> 00:20:46.020 align:start position:0% uh when people are issuing or minting or 00:20:46.020 --> 00:20:48.230 align:start position:0% uh when people are issuing or minting or burning<00:20:46.380> tokens<00:20:46.740> a<00:20:47.280> percentage<00:20:47.700> of<00:20:47.760> the<00:20:47.940> fees 00:20:48.230 --> 00:20:48.240 align:start position:0% burning tokens a percentage of the fees 00:20:48.240 --> 00:20:50.390 align:start position:0% burning tokens a percentage of the fees go<00:20:48.600> to<00:20:48.720> the<00:20:48.900> common<00:20:49.020> pool<00:20:49.320> and<00:20:49.799> also<00:20:50.039> at<00:20:50.160> launch 00:20:50.390 --> 00:20:50.400 align:start position:0% go to the common pool and also at launch 00:20:50.400 --> 00:20:52.370 align:start position:0% go to the common pool and also at launch a<00:20:50.580> percentage<00:20:51.000> of<00:20:51.179> the<00:20:51.600> launch<00:20:51.780> goes<00:20:52.200> to<00:20:52.260> the 00:20:52.370 --> 00:20:52.380 align:start position:0% a percentage of the launch goes to the 00:20:52.380 --> 00:20:54.470 align:start position:0% a percentage of the launch goes to the bootstrap<00:20:52.860> that<00:20:53.039> common<00:20:53.220> pool<00:20:53.520> really 00:20:54.470 --> 00:20:54.480 align:start position:0% bootstrap that common pool really 00:20:54.480 --> 00:20:56.990 align:start position:0% bootstrap that common pool really interesting<00:20:54.900> system<00:20:55.200> that<00:20:56.100> we<00:20:56.280> that<00:20:56.580> we<00:20:56.760> at 00:20:56.990 --> 00:20:57.000 align:start position:0% interesting system that we that we at 00:20:57.000 --> 00:20:59.810 align:start position:0% interesting system that we that we at giveth<00:20:57.360> really<00:20:57.840> hope<00:20:58.140> to<00:20:58.559> learn<00:20:58.980> from<00:20:59.280> and 00:20:59.810 --> 00:20:59.820 align:start position:0% giveth really hope to learn from and 00:20:59.820 --> 00:21:03.770 align:start position:0% giveth really hope to learn from and apply<00:21:00.240> to<00:21:00.660> our<00:21:00.900> end<00:21:01.020> game<00:21:01.260> which<00:21:02.100> is<00:21:02.220> gurbs<00:21:02.820> so 00:21:03.770 --> 00:21:03.780 align:start position:0% apply to our end game which is gurbs so 00:21:03.780 --> 00:21:05.770 align:start position:0% apply to our end game which is gurbs so curves 00:21:05.770 --> 00:21:05.780 align:start position:0% curves 00:21:05.780 --> 00:21:08.510 align:start position:0% curves curves<00:21:06.780> are<00:21:07.200> actually<00:21:07.380> bonding<00:21:08.280> curves 00:21:08.510 --> 00:21:08.520 align:start position:0% curves are actually bonding curves 00:21:08.520 --> 00:21:11.270 align:start position:0% curves are actually bonding curves backed<00:21:08.880> by<00:21:09.000> giveth<00:21:09.419> by<00:21:09.720> give<00:21:10.020> tokens<00:21:10.440> and 00:21:11.270 --> 00:21:11.280 align:start position:0% backed by giveth by give tokens and 00:21:11.280 --> 00:21:14.090 align:start position:0% backed by giveth by give tokens and they're<00:21:11.940> kind<00:21:12.179> of<00:21:12.299> the<00:21:12.600> The<00:21:12.900> Sweet<00:21:13.559> Spot<00:21:13.799> at 00:21:14.090 --> 00:21:14.100 align:start position:0% they're kind of the The Sweet Spot at 00:21:14.100 --> 00:21:15.830 align:start position:0% they're kind of the The Sweet Spot at the<00:21:14.220> end<00:21:14.340> of<00:21:14.460> the<00:21:14.520> rainbow<00:21:14.700> the<00:21:15.419> treasure<00:21:15.720> at 00:21:15.830 --> 00:21:15.840 align:start position:0% the end of the rainbow the treasure at 00:21:15.840 --> 00:21:16.669 align:start position:0% the end of the rainbow the treasure at the<00:21:15.960> end<00:21:16.020> of<00:21:16.080> the<00:21:16.140> rainbow<00:21:16.260> for<00:21:16.559> every 00:21:16.669 --> 00:21:16.679 align:start position:0% the end of the rainbow for every 00:21:16.679 --> 00:21:18.590 align:start position:0% the end of the rainbow for every non-profit<00:21:17.220> who<00:21:17.340> comes<00:21:17.580> on<00:21:17.640> to<00:21:17.760> giveth 00:21:18.590 --> 00:21:18.600 align:start position:0% non-profit who comes on to giveth 00:21:18.600 --> 00:21:21.590 align:start position:0% non-profit who comes on to giveth if<00:21:19.320> uh<00:21:19.799> if<00:21:20.160> so<00:21:20.520> first<00:21:20.760> of<00:21:21.000> course<00:21:21.179> you're<00:21:21.480> a 00:21:21.590 --> 00:21:21.600 align:start position:0% if uh if so first of course you're a 00:21:21.600 --> 00:21:23.810 align:start position:0% if uh if so first of course you're a non-profit<00:21:22.080> someone<00:21:22.620> donates<00:21:23.100> to<00:21:23.280> you<00:21:23.400> the 00:21:23.810 --> 00:21:23.820 align:start position:0% non-profit someone donates to you the 00:21:23.820 --> 00:21:25.970 align:start position:0% non-profit someone donates to you the donor<00:21:24.059> gets<00:21:24.240> give<00:21:24.360> tokens<00:21:24.780> right<00:21:25.020> now<00:21:25.740> with 00:21:25.970 --> 00:21:25.980 align:start position:0% donor gets give tokens right now with 00:21:25.980 --> 00:21:27.350 align:start position:0% donor gets give tokens right now with give<00:21:26.220> power 00:21:27.350 --> 00:21:27.360 align:start position:0% give power 00:21:27.360 --> 00:21:29.210 align:start position:0% give power people<00:21:27.720> are<00:21:28.020> locking<00:21:28.559> Capital<00:21:28.799> they're 00:21:29.210 --> 00:21:29.220 align:start position:0% people are locking Capital they're 00:21:29.220 --> 00:21:30.950 align:start position:0% people are locking Capital they're locking<00:21:29.580> give<00:21:29.760> tokens<00:21:30.179> behind<00:21:30.539> a<00:21:30.780> project 00:21:30.950 --> 00:21:30.960 align:start position:0% locking give tokens behind a project 00:21:30.960 --> 00:21:34.070 align:start position:0% locking give tokens behind a project there's<00:21:31.740> Capital<00:21:32.100> being<00:21:32.520> locked<00:21:33.000> behind<00:21:33.419> each 00:21:34.070 --> 00:21:34.080 align:start position:0% there's Capital being locked behind each 00:21:34.080 --> 00:21:36.230 align:start position:0% there's Capital being locked behind each project<00:21:34.320> that's<00:21:34.740> that<00:21:35.159> that's<00:21:35.580> participating 00:21:36.230 --> 00:21:36.240 align:start position:0% project that's that that's participating 00:21:36.240 --> 00:21:37.490 align:start position:0% project that's that that's participating and<00:21:36.419> give<00:21:36.600> power 00:21:37.490 --> 00:21:37.500 align:start position:0% and give power 00:21:37.500 --> 00:21:40.370 align:start position:0% and give power with<00:21:38.280> that<00:21:38.460> locked<00:21:38.880> up<00:21:38.940> Capital<00:21:39.240> we<00:21:40.200> can 00:21:40.370 --> 00:21:40.380 align:start position:0% with that locked up Capital we can 00:21:40.380 --> 00:21:42.169 align:start position:0% with that locked up Capital we can launch<00:21:40.679> a<00:21:40.860> bonding<00:21:41.280> curve 00:21:42.169 --> 00:21:42.179 align:start position:0% launch a bonding curve 00:21:42.179 --> 00:21:45.409 align:start position:0% launch a bonding curve and<00:21:42.960> the<00:21:43.500> bonding<00:21:43.860> of<00:21:44.400> course<00:21:44.520> like<00:21:44.820> you<00:21:45.299> know 00:21:45.409 --> 00:21:45.419 align:start position:0% and the bonding of course like you know 00:21:45.419 --> 00:21:46.970 align:start position:0% and the bonding of course like you know there's<00:21:45.600> a<00:21:45.840> lot<00:21:45.960> of<00:21:46.020> cultural<00:21:46.500> stuff<00:21:46.740> that 00:21:46.970 --> 00:21:46.980 align:start position:0% there's a lot of cultural stuff that 00:21:46.980 --> 00:21:49.070 align:start position:0% there's a lot of cultural stuff that goes<00:21:47.220> into<00:21:47.280> this<00:21:47.520> and<00:21:47.820> talk<00:21:48.240> working<00:21:48.600> with<00:21:48.900> the 00:21:49.070 --> 00:21:49.080 align:start position:0% goes into this and talk working with the 00:21:49.080 --> 00:21:51.409 align:start position:0% goes into this and talk working with the common<00:21:49.200> stack<00:21:49.679> to<00:21:50.220> launch<00:21:50.460> more<00:21:50.700> Commons<00:21:51.120> and 00:21:51.409 --> 00:21:51.419 align:start position:0% common stack to launch more Commons and 00:21:51.419 --> 00:21:52.970 align:start position:0% common stack to launch more Commons and to<00:21:51.539> understand<00:21:51.720> the<00:21:52.559> the<00:21:52.679> different 00:21:52.970 --> 00:21:52.980 align:start position:0% to understand the the different 00:21:52.980 --> 00:21:55.310 align:start position:0% to understand the the different reputation<00:21:53.640> systems<00:21:54.240> and<00:21:54.539> the<00:21:54.659> other<00:21:54.840> kind<00:21:55.140> of 00:21:55.310 --> 00:21:55.320 align:start position:0% reputation systems and the other kind of 00:21:55.320 --> 00:21:57.649 align:start position:0% reputation systems and the other kind of looking<00:21:55.799> at<00:21:56.039> uh<00:21:56.460> projects<00:21:56.880> like<00:21:57.000> Council<00:21:57.419> and 00:21:57.649 --> 00:21:57.659 align:start position:0% looking at uh projects like Council and 00:21:57.659 --> 00:21:59.870 align:start position:0% looking at uh projects like Council and how<00:21:58.020> do<00:21:58.140> we<00:21:58.260> govern<00:21:58.440> these<00:21:58.919> systems<00:21:59.280> so<00:21:59.760> it's 00:21:59.870 --> 00:21:59.880 align:start position:0% how do we govern these systems so it's 00:21:59.880 --> 00:22:01.370 align:start position:0% how do we govern these systems so it's not<00:22:00.059> just<00:22:00.240> Capital<00:22:00.480> it's<00:22:00.840> not<00:22:01.020> just<00:22:01.200> the 00:22:01.370 --> 00:22:01.380 align:start position:0% not just Capital it's not just the 00:22:01.380 --> 00:22:03.350 align:start position:0% not just Capital it's not just the bonding<00:22:01.740> curve<00:22:02.039> that<00:22:02.640> creates<00:22:02.940> governance 00:22:03.350 --> 00:22:03.360 align:start position:0% bonding curve that creates governance 00:22:03.360 --> 00:22:04.610 align:start position:0% bonding curve that creates governance tokens<00:22:03.600> but<00:22:03.840> there's<00:22:03.960> other<00:22:04.140> governance 00:22:04.610 --> 00:22:04.620 align:start position:0% tokens but there's other governance 00:22:04.620 --> 00:22:07.430 align:start position:0% tokens but there's other governance involved<00:22:05.039> this<00:22:05.400> is<00:22:05.520> the<00:22:05.700> we're<00:22:06.360> we're<00:22:06.440> sorry 00:22:07.430 --> 00:22:07.440 align:start position:0% involved this is the we're we're sorry 00:22:07.440 --> 00:22:09.710 align:start position:0% involved this is the we're we're sorry I'm<00:22:07.620> ranting<00:22:08.039> but<00:22:08.400> long<00:22:08.820> story<00:22:09.059> short<00:22:09.360> we're 00:22:09.710 --> 00:22:09.720 align:start position:0% I'm ranting but long story short we're 00:22:09.720 --> 00:22:11.270 align:start position:0% I'm ranting but long story short we're still<00:22:09.900> in<00:22:10.020> the<00:22:10.140> research<00:22:10.440> phase<00:22:10.679> on<00:22:10.980> how<00:22:11.159> to 00:22:11.270 --> 00:22:11.280 align:start position:0% still in the research phase on how to 00:22:11.280 --> 00:22:12.950 align:start position:0% still in the research phase on how to launch<00:22:11.520> these<00:22:11.760> impact<00:22:12.059> dowels<00:22:12.480> with<00:22:12.600> bonding 00:22:12.950 --> 00:22:12.960 align:start position:0% launch these impact dowels with bonding 00:22:12.960 --> 00:22:16.430 align:start position:0% launch these impact dowels with bonding curves<00:22:13.679> but<00:22:14.480> once<00:22:15.480> we<00:22:15.600> figure<00:22:15.780> that<00:22:16.020> out<00:22:16.200> once 00:22:16.430 --> 00:22:16.440 align:start position:0% curves but once we figure that out once 00:22:16.440 --> 00:22:17.690 align:start position:0% curves but once we figure that out once we<00:22:16.559> work<00:22:16.679> with<00:22:16.860> the<00:22:16.980> common<00:22:17.100> stack<00:22:17.520> to 00:22:17.690 --> 00:22:17.700 align:start position:0% we work with the common stack to 00:22:17.700 --> 00:22:19.430 align:start position:0% we work with the common stack to actually<00:22:17.880> understand<00:22:18.480> the<00:22:18.900> best<00:22:19.020> ways<00:22:19.320> of 00:22:19.430 --> 00:22:19.440 align:start position:0% actually understand the best ways of 00:22:19.440 --> 00:22:20.690 align:start position:0% actually understand the best ways of doing<00:22:19.679> these<00:22:19.860> things<00:22:19.980> and<00:22:20.159> making<00:22:20.340> it<00:22:20.520> easy 00:22:20.690 --> 00:22:20.700 align:start position:0% doing these things and making it easy 00:22:20.700 --> 00:22:23.750 align:start position:0% doing these things and making it easy for<00:22:20.880> nonprofits<00:22:22.020> any<00:22:22.740> non-profit<00:22:23.460> could 00:22:23.750 --> 00:22:23.760 align:start position:0% for nonprofits any non-profit could 00:22:23.760 --> 00:22:25.669 align:start position:0% for nonprofits any non-profit could launch<00:22:24.059> its<00:22:24.299> own<00:22:24.360> impact<00:22:24.659> out<00:22:24.900> through<00:22:25.500> the 00:22:25.669 --> 00:22:25.679 align:start position:0% launch its own impact out through the 00:22:25.679 --> 00:22:28.610 align:start position:0% launch its own impact out through the giveth<00:22:26.100> system 00:22:28.610 --> 00:22:28.620 align:start position:0% giveth system 00:22:28.620 --> 00:22:30.770 align:start position:0% giveth system the<00:22:29.280> coolest<00:22:29.700> thing<00:22:29.880> about<00:22:30.120> everything<00:22:30.480> that 00:22:30.770 --> 00:22:30.780 align:start position:0% the coolest thing about everything that 00:22:30.780 --> 00:22:32.810 align:start position:0% the coolest thing about everything that I'm<00:22:30.900> talking<00:22:31.140> about<00:22:31.380> is<00:22:32.039> that<00:22:32.280> none<00:22:32.460> of<00:22:32.580> these 00:22:32.810 --> 00:22:32.820 align:start position:0% I'm talking about is that none of these 00:22:32.820 --> 00:22:36.649 align:start position:0% I'm talking about is that none of these things<00:22:32.940> are<00:22:33.120> in<00:22:33.240> silos<00:22:33.860> web3<00:22:34.860> is<00:22:35.580> so<00:22:35.940> amazing 00:22:36.649 --> 00:22:36.659 align:start position:0% things are in silos web3 is so amazing 00:22:36.659 --> 00:22:38.990 align:start position:0% things are in silos web3 is so amazing for<00:22:37.380> its<00:22:37.919> configurability<00:22:38.400> for<00:22:38.700> its 00:22:38.990 --> 00:22:39.000 align:start position:0% for its configurability for its 00:22:39.000 --> 00:22:40.669 align:start position:0% for its configurability for its everything<00:22:39.360> can<00:22:39.720> kind<00:22:39.900> of<00:22:40.020> plug<00:22:40.140> into<00:22:40.380> each 00:22:40.669 --> 00:22:40.679 align:start position:0% everything can kind of plug into each 00:22:40.679 --> 00:22:42.289 align:start position:0% everything can kind of plug into each other<00:22:40.799> everything<00:22:41.400> I<00:22:41.640> mentioned<00:22:41.880> is<00:22:42.059> public 00:22:42.289 --> 00:22:42.299 align:start position:0% other everything I mentioned is public 00:22:42.299 --> 00:22:45.289 align:start position:0% other everything I mentioned is public goods<00:22:42.720> Legos<00:22:43.140> like<00:22:43.740> the<00:22:44.039> public<00:22:44.520> nouns<00:22:44.940> Dow 00:22:45.289 --> 00:22:45.299 align:start position:0% goods Legos like the public nouns Dow 00:22:45.299 --> 00:22:48.049 align:start position:0% goods Legos like the public nouns Dow could<00:22:45.840> actually<00:22:46.080> donate<00:22:46.740> ethereum<00:22:47.280> on<00:22:47.580> giveth 00:22:48.049 --> 00:22:48.059 align:start position:0% could actually donate ethereum on giveth 00:22:48.059 --> 00:22:50.950 align:start position:0% could actually donate ethereum on giveth and<00:22:48.960> support<00:22:49.559> get<00:22:49.860> coin<00:22:50.220> grants 00:22:50.950 --> 00:22:50.960 align:start position:0% and support get coin grants 00:22:50.960 --> 00:22:54.110 align:start position:0% and support get coin grants incentivizing<00:22:51.960> lots<00:22:52.860> of<00:22:52.919> Grants<00:22:53.280> on<00:22:53.580> git<00:22:53.820> coin 00:22:54.110 --> 00:22:54.120 align:start position:0% incentivizing lots of Grants on git coin 00:22:54.120 --> 00:22:56.149 align:start position:0% incentivizing lots of Grants on git coin to<00:22:54.299> get<00:22:54.480> funding<00:22:54.840> through<00:22:55.500> extra<00:22:55.679> donations 00:22:56.149 --> 00:22:56.159 align:start position:0% to get funding through extra donations 00:22:56.159 --> 00:22:58.850 align:start position:0% to get funding through extra donations and<00:22:56.940> then<00:22:57.120> once<00:22:58.020> and<00:22:58.200> then<00:22:58.320> they'll<00:22:58.559> get<00:22:58.679> give 00:22:58.850 --> 00:22:58.860 align:start position:0% and then once and then they'll get give 00:22:58.860 --> 00:23:00.890 align:start position:0% and then once and then they'll get give backs<00:22:59.220> they'll<00:22:59.400> get<00:22:59.580> more<00:22:59.700> give<00:22:59.940> tokens<00:23:00.419> that 00:23:00.890 --> 00:23:00.900 align:start position:0% backs they'll get more give tokens that 00:23:00.900 --> 00:23:02.510 align:start position:0% backs they'll get more give tokens that they<00:23:01.140> could<00:23:01.320> further<00:23:01.860> donate<00:23:02.220> to<00:23:02.340> other 00:23:02.510 --> 00:23:02.520 align:start position:0% they could further donate to other 00:23:02.520 --> 00:23:04.250 align:start position:0% they could further donate to other projects<00:23:03.000> or<00:23:03.419> they<00:23:03.539> could<00:23:03.659> stake<00:23:03.960> and<00:23:04.080> give 00:23:04.250 --> 00:23:04.260 align:start position:0% projects or they could stake and give 00:23:04.260 --> 00:23:05.990 align:start position:0% projects or they could stake and give power<00:23:04.440> or<00:23:04.799> one<00:23:04.980> day<00:23:05.159> they<00:23:05.340> could<00:23:05.520> use<00:23:05.760> to 00:23:05.990 --> 00:23:06.000 align:start position:0% power or one day they could use to 00:23:06.000 --> 00:23:08.570 align:start position:0% power or one day they could use to invest<00:23:06.240> in<00:23:06.419> an<00:23:06.600> impact<00:23:06.840> Al<00:23:07.020> using<00:23:07.380> a<00:23:07.440> girv 00:23:08.570 --> 00:23:08.580 align:start position:0% invest in an impact Al using a girv 00:23:08.580 --> 00:23:11.690 align:start position:0% invest in an impact Al using a girv public<00:23:09.120> goods<00:23:09.539> Legos<00:23:09.900> is<00:23:10.860> where<00:23:11.340> the<00:23:11.520> real 00:23:11.690 --> 00:23:11.700 align:start position:0% public goods Legos is where the real 00:23:11.700 --> 00:23:14.330 align:start position:0% public goods Legos is where the real benefits<00:23:12.240> here<00:23:12.360> this<00:23:12.720> is<00:23:12.840> where<00:23:13.200> this<00:23:13.620> 20<00:23:13.799> this 00:23:14.330 --> 00:23:14.340 align:start position:0% benefits here this is where this 20 this 00:23:14.340 --> 00:23:16.789 align:start position:0% benefits here this is where this 20 this is<00:23:14.460> why<00:23:14.760> web3<00:23:15.299> is<00:23:15.600> going<00:23:15.840> to<00:23:16.080> save<00:23:16.320> the<00:23:16.620> world 00:23:16.789 --> 00:23:16.799 align:start position:0% is why web3 is going to save the world 00:23:16.799 --> 00:23:19.190 align:start position:0% is why web3 is going to save the world you<00:23:17.400> know<00:23:17.520> because<00:23:17.940> we<00:23:18.360> can<00:23:18.480> plug<00:23:18.720> in<00:23:18.960> all 00:23:19.190 --> 00:23:19.200 align:start position:0% you know because we can plug in all 00:23:19.200 --> 00:23:21.289 align:start position:0% you know because we can plug in all these<00:23:19.380> ideas<00:23:19.559> into<00:23:20.039> each<00:23:20.340> other<00:23:20.460> and<00:23:20.940> build<00:23:21.120> a 00:23:21.289 --> 00:23:21.299 align:start position:0% these ideas into each other and build a 00:23:21.299 --> 00:23:23.630 align:start position:0% these ideas into each other and build a new<00:23:21.419> industry<00:23:21.780> that<00:23:21.960> never<00:23:22.140> existed 00:23:23.630 --> 00:23:23.640 align:start position:0% new industry that never existed 00:23:23.640 --> 00:23:26.210 align:start position:0% new industry that never existed so<00:23:24.059> I'm<00:23:24.360> sure<00:23:24.480> a<00:23:24.659> lot<00:23:24.780> of<00:23:24.900> you<00:23:24.960> are<00:23:25.140> Builders<00:23:25.679> a 00:23:26.210 --> 00:23:26.220 align:start position:0% so I'm sure a lot of you are Builders a 00:23:26.220 --> 00:23:27.830 align:start position:0% so I'm sure a lot of you are Builders a lot<00:23:26.340> of<00:23:26.460> you<00:23:26.580> have<00:23:26.880> like<00:23:27.120> an<00:23:27.299> impact<00:23:27.600> project 00:23:27.830 --> 00:23:27.840 align:start position:0% lot of you have like an impact project 00:23:27.840 --> 00:23:30.350 align:start position:0% lot of you have like an impact project that<00:23:28.320> you<00:23:28.440> want<00:23:28.620> to<00:23:28.740> see<00:23:28.980> uh<00:23:29.580> have<00:23:29.820> have<00:23:30.120> an 00:23:30.350 --> 00:23:30.360 align:start position:0% that you want to see uh have have an 00:23:30.360 --> 00:23:32.390 align:start position:0% that you want to see uh have have an impact<00:23:30.659> become<00:23:31.020> an<00:23:31.140> impact<00:23:31.380> Dow<00:23:31.740> and<00:23:32.280> maybe 00:23:32.390 --> 00:23:32.400 align:start position:0% impact become an impact Dow and maybe 00:23:32.400 --> 00:23:34.310 align:start position:0% impact become an impact Dow and maybe some<00:23:32.640> of<00:23:32.820> you<00:23:32.880> are<00:23:33.059> just<00:23:33.360> you<00:23:33.780> know<00:23:33.840> hey<00:23:34.080> I'm 00:23:34.310 --> 00:23:34.320 align:start position:0% some of you are just you know hey I'm 00:23:34.320 --> 00:23:37.010 align:start position:0% some of you are just you know hey I'm passive<00:23:35.280> supporter<00:23:35.820> of<00:23:35.940> these<00:23:36.179> projects<00:23:36.600> and 00:23:37.010 --> 00:23:37.020 align:start position:0% passive supporter of these projects and 00:23:37.020 --> 00:23:39.289 align:start position:0% passive supporter of these projects and would<00:23:37.140> like<00:23:37.320> some<00:23:37.500> upside<00:23:37.860> well 00:23:39.289 --> 00:23:39.299 align:start position:0% would like some upside well 00:23:39.299 --> 00:23:42.230 align:start position:0% would like some upside well I've<00:23:40.020> I<00:23:40.320> founded<00:23:40.919> a<00:23:41.340> lot<00:23:41.460> of<00:23:41.520> projects<00:23:41.940> in<00:23:42.059> the 00:23:42.230 --> 00:23:42.240 align:start position:0% I've I founded a lot of projects in the 00:23:42.240 --> 00:23:43.549 align:start position:0% I've I founded a lot of projects in the space<00:23:42.360> I<00:23:42.600> want<00:23:42.720> to<00:23:42.840> highlight<00:23:43.080> three<00:23:43.260> of<00:23:43.440> them 00:23:43.549 --> 00:23:43.559 align:start position:0% space I want to highlight three of them 00:23:43.559 --> 00:23:45.590 align:start position:0% space I want to highlight three of them that<00:23:44.220> maybe<00:23:44.400> could<00:23:44.760> part<00:23:44.940> could<00:23:45.419> help 00:23:45.590 --> 00:23:45.600 align:start position:0% that maybe could part could help 00:23:45.600 --> 00:23:47.810 align:start position:0% that maybe could part could help everyone<00:23:45.900> get<00:23:46.320> involved<00:23:46.799> more<00:23:47.400> in<00:23:47.580> the<00:23:47.700> public 00:23:47.810 --> 00:23:47.820 align:start position:0% everyone get involved more in the public 00:23:47.820 --> 00:23:49.070 align:start position:0% everyone get involved more in the public good<00:23:48.059> space 00:23:49.070 --> 00:23:49.080 align:start position:0% good space 00:23:49.080 --> 00:23:52.010 align:start position:0% good space so<00:23:49.620> first<00:23:50.100> is<00:23:50.340> General<00:23:50.580> magic<00:23:50.880> uh<00:23:51.840> probably 00:23:52.010 --> 00:23:52.020 align:start position:0% so first is General magic uh probably 00:23:52.020 --> 00:23:53.210 align:start position:0% so first is General magic uh probably many<00:23:52.260> of<00:23:52.380> you<00:23:52.500> have<00:23:52.620> never<00:23:52.799> heard<00:23:52.919> of<00:23:53.100> General 00:23:53.210 --> 00:23:53.220 align:start position:0% many of you have never heard of General 00:23:53.220 --> 00:23:55.070 align:start position:0% many of you have never heard of General magic<00:23:53.460> it's<00:23:53.820> been<00:23:54.000> running<00:23:54.179> around<00:23:54.419> for<00:23:54.780> well 00:23:55.070 --> 00:23:55.080 align:start position:0% magic it's been running around for well 00:23:55.080 --> 00:23:57.830 align:start position:0% magic it's been running around for well over<00:23:55.260> a<00:23:55.500> year<00:23:55.620> and<00:23:56.520> it's<00:23:56.820> a<00:23:57.000> service<00:23:57.120> dial<00:23:57.480> that 00:23:57.830 --> 00:23:57.840 align:start position:0% over a year and it's a service dial that 00:23:57.840 --> 00:23:59.890 align:start position:0% over a year and it's a service dial that actually<00:23:58.020> has<00:23:58.440> helped<00:23:58.799> many<00:23:59.039> organizations 00:23:59.890 --> 00:23:59.900 align:start position:0% actually has helped many organizations 00:23:59.900 --> 00:24:02.690 align:start position:0% actually has helped many organizations panvala<00:24:00.900> giveth<00:24:01.380> token<00:24:01.799> engineering<00:24:02.220> Commons 00:24:02.690 --> 00:24:02.700 align:start position:0% panvala giveth token engineering Commons 00:24:02.700 --> 00:24:06.230 align:start position:0% panvala giveth token engineering Commons common<00:24:03.000> stack<00:24:03.419> and<00:24:04.320> countless<00:24:05.159> others<00:24:05.640> and 00:24:06.230 --> 00:24:06.240 align:start position:0% common stack and countless others and 00:24:06.240 --> 00:24:09.049 align:start position:0% common stack and countless others and like<00:24:07.140> ens<00:24:07.559> we<00:24:07.740> just<00:24:07.860> built<00:24:08.100> the<00:24:08.159> ens<00:24:08.520> swag<00:24:08.820> shop 00:24:09.049 --> 00:24:09.059 align:start position:0% like ens we just built the ens swag shop 00:24:09.059 --> 00:24:12.770 align:start position:0% like ens we just built the ens swag shop which<00:24:09.480> is<00:24:09.600> super<00:24:09.780> cool<00:24:10.400> so<00:24:11.400> if<00:24:11.880> you<00:24:12.120> if<00:24:12.480> you<00:24:12.659> are 00:24:12.770 --> 00:24:12.780 align:start position:0% which is super cool so if you if you are 00:24:12.780 --> 00:24:14.990 align:start position:0% which is super cool so if you if you are looking<00:24:13.020> to<00:24:13.440> if<00:24:13.860> you're<00:24:14.039> building<00:24:14.280> in<00:24:14.880> this 00:24:14.990 --> 00:24:15.000 align:start position:0% looking to if you're building in this 00:24:15.000 --> 00:24:16.970 align:start position:0% looking to if you're building in this space<00:24:15.240> and<00:24:15.480> you<00:24:15.659> need<00:24:15.840> some<00:24:16.080> support<00:24:16.260> you 00:24:16.970 --> 00:24:16.980 align:start position:0% space and you need some support you 00:24:16.980 --> 00:24:19.010 align:start position:0% space and you need some support you don't<00:24:17.100> have<00:24:17.340> a<00:24:17.640> good<00:24:17.760> designer<00:24:18.240> or<00:24:18.600> you<00:24:18.900> even 00:24:19.010 --> 00:24:19.020 align:start position:0% don't have a good designer or you even 00:24:19.020 --> 00:24:20.810 align:start position:0% don't have a good designer or you even just<00:24:19.260> want<00:24:19.380> to<00:24:19.500> offload<00:24:19.740> a<00:24:19.980> full<00:24:20.100> project<00:24:20.340> or 00:24:20.810 --> 00:24:20.820 align:start position:0% just want to offload a full project or 00:24:20.820 --> 00:24:22.549 align:start position:0% just want to offload a full project or you<00:24:20.940> just<00:24:21.059> want<00:24:21.179> a<00:24:21.299> swag<00:24:21.600> shop<00:24:21.780> or<00:24:22.260> you<00:24:22.320> want<00:24:22.440> to 00:24:22.549 --> 00:24:22.559 align:start position:0% you just want a swag shop or you want to 00:24:22.559 --> 00:24:25.850 align:start position:0% you just want a swag shop or you want to integrate<00:24:22.980> praise<00:24:23.360> a<00:24:24.360> reputation<00:24:24.900> system<00:24:25.200> you 00:24:25.850 --> 00:24:25.860 align:start position:0% integrate praise a reputation system you 00:24:25.860 --> 00:24:27.049 align:start position:0% integrate praise a reputation system you can<00:24:25.919> reach<00:24:26.100> out<00:24:26.220> to<00:24:26.340> us<00:24:26.460> at<00:24:26.640> General<00:24:26.760> magic 00:24:27.049 --> 00:24:27.059 align:start position:0% can reach out to us at General magic 00:24:27.059 --> 00:24:29.990 align:start position:0% can reach out to us at General magic we'll<00:24:27.659> help<00:24:27.900> you<00:24:28.080> uh<00:24:28.559> we<00:24:28.860> are<00:24:29.039> we<00:24:29.400> give<00:24:29.520> insane 00:24:29.990 --> 00:24:30.000 align:start position:0% we'll help you uh we are we give insane 00:24:30.000 --> 00:24:32.149 align:start position:0% we'll help you uh we are we give insane rates<00:24:30.360> in<00:24:30.840> the<00:24:30.900> crypto<00:24:31.200> space<00:24:31.440> because<00:24:31.799> this 00:24:32.149 --> 00:24:32.159 align:start position:0% rates in the crypto space because this 00:24:32.159 --> 00:24:34.130 align:start position:0% rates in the crypto space because this is<00:24:32.340> you<00:24:32.940> know<00:24:33.000> kind<00:24:33.299> of<00:24:33.419> an<00:24:33.539> all<00:24:33.720> has<00:24:33.960> an 00:24:34.130 --> 00:24:34.140 align:start position:0% is you know kind of an all has an 00:24:34.140 --> 00:24:36.169 align:start position:0% is you know kind of an all has an altruistic<00:24:34.740> swing<00:24:35.340> to<00:24:35.460> it<00:24:35.640> even<00:24:35.760> though<00:24:35.940> it<00:24:36.059> is 00:24:36.169 --> 00:24:36.179 align:start position:0% altruistic swing to it even though it is 00:24:36.179 --> 00:24:37.610 align:start position:0% altruistic swing to it even though it is a<00:24:36.299> for-profit<00:24:36.780> company 00:24:37.610 --> 00:24:37.620 align:start position:0% a for-profit company 00:24:37.620 --> 00:24:39.529 align:start position:0% a for-profit company uh<00:24:38.280> so<00:24:38.520> it's<00:24:38.640> I<00:24:38.820> would<00:24:38.940> say<00:24:39.059> it's<00:24:39.179> about<00:24:39.360> half 00:24:39.529 --> 00:24:39.539 align:start position:0% uh so it's I would say it's about half 00:24:39.539 --> 00:24:41.750 align:start position:0% uh so it's I would say it's about half the<00:24:39.720> market<00:24:39.900> rate<00:24:40.200> so<00:24:40.919> definitely<00:24:41.340> reach<00:24:41.640> out 00:24:41.750 --> 00:24:41.760 align:start position:0% the market rate so definitely reach out 00:24:41.760 --> 00:24:43.310 align:start position:0% the market rate so definitely reach out to<00:24:41.880> us<00:24:42.000> and<00:24:42.179> we<00:24:42.360> can<00:24:42.480> support<00:24:42.659> you<00:24:42.840> in<00:24:43.080> building 00:24:43.310 --> 00:24:43.320 align:start position:0% to us and we can support you in building 00:24:43.320 --> 00:24:45.289 align:start position:0% to us and we can support you in building the<00:24:43.620> next<00:24:43.799> public<00:24:43.980> goods<00:24:44.340> Lego<00:24:44.460> for<00:24:45.000> me<00:24:45.120> to 00:24:45.289 --> 00:24:45.299 align:start position:0% the next public goods Lego for me to 00:24:45.299 --> 00:24:46.370 align:start position:0% the next public goods Lego for me to talk<00:24:45.419> about 00:24:46.370 --> 00:24:46.380 align:start position:0% talk about 00:24:46.380 --> 00:24:48.830 align:start position:0% talk about uh<00:24:47.100> I<00:24:47.280> and<00:24:47.640> I<00:24:47.880> have<00:24:47.940> a<00:24:48.059> huge<00:24:48.240> announcement<00:24:48.600> from 00:24:48.830 --> 00:24:48.840 align:start position:0% uh I and I have a huge announcement from 00:24:48.840 --> 00:24:50.750 align:start position:0% uh I and I have a huge announcement from the<00:24:48.960> common<00:24:49.080> stack<00:24:49.500> actually<00:24:50.159> launching<00:24:50.640> a 00:24:50.750 --> 00:24:50.760 align:start position:0% the common stack actually launching a 00:24:50.760 --> 00:24:52.909 align:start position:0% the common stack actually launching a new<00:24:50.940> service<00:24:51.120> where<00:24:51.840> we<00:24:52.200> want<00:24:52.320> to<00:24:52.500> help<00:24:52.740> you 00:24:52.909 --> 00:24:52.919 align:start position:0% new service where we want to help you 00:24:52.919 --> 00:24:55.370 align:start position:0% new service where we want to help you launch<00:24:53.159> the<00:24:53.400> commons<00:24:53.820> so<00:24:54.539> we're<00:24:54.900> supporting 00:24:55.370 --> 00:24:55.380 align:start position:0% launch the commons so we're supporting 00:24:55.380 --> 00:24:56.810 align:start position:0% launch the commons so we're supporting we've<00:24:55.799> launched<00:24:56.039> the<00:24:56.100> token<00:24:56.400> engineering 00:24:56.810 --> 00:24:56.820 align:start position:0% we've launched the token engineering 00:24:56.820 --> 00:24:58.789 align:start position:0% we've launched the token engineering Commons<00:24:57.240> uh<00:24:57.780> we<00:24:58.020> helped<00:24:58.320> the<00:24:58.500> token 00:24:58.789 --> 00:24:58.799 align:start position:0% Commons uh we helped the token 00:24:58.799 --> 00:25:00.049 align:start position:0% Commons uh we helped the token engineering<00:24:59.159> comments<00:24:59.520> launched<00:24:59.820> I<00:24:59.940> should 00:25:00.049 --> 00:25:00.059 align:start position:0% engineering comments launched I should 00:25:00.059 --> 00:25:02.510 align:start position:0% engineering comments launched I should say<00:25:00.240> and<00:25:01.020> we're<00:25:01.620> working<00:25:01.860> with<00:25:02.100> Grassroots 00:25:02.510 --> 00:25:02.520 align:start position:0% say and we're working with Grassroots 00:25:02.520 --> 00:25:04.130 align:start position:0% say and we're working with Grassroots economics<00:25:03.059> to<00:25:03.299> support<00:25:03.480> them<00:25:03.780> in<00:25:03.960> their 00:25:04.130 --> 00:25:04.140 align:start position:0% economics to support them in their 00:25:04.140 --> 00:25:05.570 align:start position:0% economics to support them in their launch<00:25:04.380> and<00:25:04.740> now<00:25:04.860> we<00:25:05.039> actually<00:25:05.220> have<00:25:05.400> the 00:25:05.570 --> 00:25:05.580 align:start position:0% launch and now we actually have the 00:25:05.580 --> 00:25:07.909 align:start position:0% launch and now we actually have the bandwidth<00:25:06.059> to<00:25:06.179> support<00:25:06.419> a<00:25:06.960> few<00:25:07.200> more<00:25:07.440> comments 00:25:07.909 --> 00:25:07.919 align:start position:0% bandwidth to support a few more comments 00:25:07.919 --> 00:25:10.070 align:start position:0% bandwidth to support a few more comments so<00:25:08.280> if<00:25:08.700> you<00:25:08.820> want<00:25:09.000> a<00:25:09.120> bonding<00:25:09.480> curve<00:25:09.720> you<00:25:09.900> have 00:25:10.070 --> 00:25:10.080 align:start position:0% so if you want a bonding curve you have 00:25:10.080 --> 00:25:11.630 align:start position:0% so if you want a bonding curve you have an<00:25:10.200> impact<00:25:10.440> project<00:25:10.740> and<00:25:11.100> you're<00:25:11.280> like<00:25:11.460> yeah 00:25:11.630 --> 00:25:11.640 align:start position:0% an impact project and you're like yeah 00:25:11.640 --> 00:25:13.370 align:start position:0% an impact project and you're like yeah let's<00:25:11.880> let's<00:25:12.120> do<00:25:12.419> this<00:25:12.600> thing<00:25:12.780> I<00:25:13.200> want<00:25:13.260> to 00:25:13.370 --> 00:25:13.380 align:start position:0% let's let's do this thing I want to 00:25:13.380 --> 00:25:14.930 align:start position:0% let's let's do this thing I want to learn<00:25:13.500> about<00:25:13.620> collaborative<00:25:14.100> economics<00:25:14.700> I 00:25:14.930 --> 00:25:14.940 align:start position:0% learn about collaborative economics I 00:25:14.940 --> 00:25:17.029 align:start position:0% learn about collaborative economics I want<00:25:15.059> to<00:25:15.179> design<00:25:15.299> from<00:25:15.600> the<00:25:15.780> bottom<00:25:16.020> up<00:25:16.140> with 00:25:17.029 --> 00:25:17.039 align:start position:0% want to design from the bottom up with 00:25:17.039 --> 00:25:20.110 align:start position:0% want to design from the bottom up with my<00:25:17.280> community<00:25:17.460> Mission<00:25:18.059> Vision<00:25:18.480> Values 00:25:20.110 --> 00:25:20.120 align:start position:0% my community Mission Vision Values 00:25:20.120 --> 00:25:22.909 align:start position:0% my community Mission Vision Values parameterize<00:25:21.120> the<00:25:21.480> the<00:25:21.659> economy<00:25:22.200> like<00:25:22.620> you 00:25:22.909 --> 00:25:22.919 align:start position:0% parameterize the the economy like you 00:25:22.919 --> 00:25:25.070 align:start position:0% parameterize the the economy like you guys<00:25:23.159> the<00:25:23.460> the<00:25:23.580> community<00:25:24.480> would<00:25:24.779> do<00:25:24.960> it 00:25:25.070 --> 00:25:25.080 align:start position:0% guys the the community would do it 00:25:25.080 --> 00:25:27.830 align:start position:0% guys the the community would do it themselves<00:25:25.320> instead<00:25:25.799> of<00:25:25.860> us<00:25:26.299> reach<00:25:27.299> out<00:25:27.419> and 00:25:27.830 --> 00:25:27.840 align:start position:0% themselves instead of us reach out and 00:25:27.840 --> 00:25:29.510 align:start position:0% themselves instead of us reach out and let's<00:25:27.900> work<00:25:28.200> together<00:25:28.380> on<00:25:28.679> that 00:25:29.510 --> 00:25:29.520 align:start position:0% let's work together on that 00:25:29.520 --> 00:25:33.049 align:start position:0% let's work together on that and<00:25:30.179> of<00:25:30.360> course<00:25:30.539> giveth<00:25:31.440> giveth<00:25:32.340> has<00:25:32.520> a<00:25:32.700> token 00:25:33.049 --> 00:25:33.059 align:start position:0% and of course giveth giveth has a token 00:25:33.059 --> 00:25:34.549 align:start position:0% and of course giveth giveth has a token and<00:25:33.480> this<00:25:33.600> token<00:25:33.960> is<00:25:34.080> going<00:25:34.260> to<00:25:34.320> be<00:25:34.380> the 00:25:34.549 --> 00:25:34.559 align:start position:0% and this token is going to be the 00:25:34.559 --> 00:25:37.370 align:start position:0% and this token is going to be the lifeblood<00:25:35.039> of<00:25:35.220> a<00:25:35.340> new<00:25:35.460> industry<00:25:35.880> and<00:25:36.600> it's<00:25:36.779> a 00:25:37.370 --> 00:25:37.380 align:start position:0% lifeblood of a new industry and it's a 00:25:37.380 --> 00:25:39.350 align:start position:0% lifeblood of a new industry and it's a really<00:25:37.559> easy<00:25:37.860> passive<00:25:38.400> way<00:25:38.580> to<00:25:38.880> get<00:25:39.000> involved 00:25:39.350 --> 00:25:39.360 align:start position:0% really easy passive way to get involved 00:25:39.360 --> 00:25:41.630 align:start position:0% really easy passive way to get involved if<00:25:39.900> you<00:25:40.020> want<00:25:40.260> to<00:25:40.380> become<00:25:40.860> part<00:25:41.100> of<00:25:41.279> the<00:25:41.340> giveth 00:25:41.630 --> 00:25:41.640 align:start position:0% if you want to become part of the giveth 00:25:41.640 --> 00:25:44.269 align:start position:0% if you want to become part of the giveth Dao<00:25:42.000> and<00:25:42.360> support<00:25:42.659> this<00:25:43.020> account<00:25:43.200> this<00:25:43.799> uh 00:25:44.269 --> 00:25:44.279 align:start position:0% Dao and support this account this uh 00:25:44.279 --> 00:25:46.909 align:start position:0% Dao and support this account this uh emerging<00:25:45.000> economy<00:25:45.539> uh<00:25:46.260> definitely<00:25:46.559> talk<00:25:46.740> to 00:25:46.909 --> 00:25:46.919 align:start position:0% emerging economy uh definitely talk to 00:25:46.919 --> 00:25:48.409 align:start position:0% emerging economy uh definitely talk to me<00:25:47.039> and<00:25:47.220> I<00:25:47.340> can<00:25:47.460> help<00:25:47.580> you<00:25:47.700> out<00:25:47.820> I<00:25:48.059> can<00:25:48.120> help<00:25:48.299> you 00:25:48.409 --> 00:25:48.419 align:start position:0% me and I can help you out I can help you 00:25:48.419 --> 00:25:50.269 align:start position:0% me and I can help you out I can help you out<00:25:48.539> with<00:25:48.720> it<00:25:48.900> basically<00:25:49.620> any<00:25:49.799> if<00:25:50.159> you're 00:25:50.269 --> 00:25:50.279 align:start position:0% out with it basically any if you're 00:25:50.279 --> 00:25:52.310 align:start position:0% out with it basically any if you're working<00:25:50.460> in<00:25:50.700> the<00:25:50.820> public<00:25:50.940> good<00:25:51.120> space<00:25:51.419> I<00:25:52.140> want 00:25:52.310 --> 00:25:52.320 align:start position:0% working in the public good space I want 00:25:52.320 --> 00:25:54.049 align:start position:0% working in the public good space I want to<00:25:52.440> talk<00:25:52.620> to<00:25:52.799> you<00:25:52.919> I<00:25:53.400> want<00:25:53.580> to<00:25:53.700> work<00:25:53.820> together 00:25:54.049 --> 00:25:54.059 align:start position:0% to talk to you I want to work together 00:25:54.059 --> 00:25:57.230 align:start position:0% to talk to you I want to work together this<00:25:54.840> is<00:25:55.020> there<00:25:55.500> is<00:25:55.679> no<00:25:55.919> competition<00:25:56.520> in 00:25:57.230 --> 00:25:57.240 align:start position:0% this is there is no competition in 00:25:57.240 --> 00:25:59.750 align:start position:0% this is there is no competition in public<00:25:57.480> goods<00:25:57.900> how<00:25:58.860> can<00:25:58.980> you<00:25:59.159> compete<00:25:59.520> when 00:25:59.750 --> 00:25:59.760 align:start position:0% public goods how can you compete when 00:25:59.760 --> 00:26:01.370 align:start position:0% public goods how can you compete when you're<00:25:59.880> creating<00:26:00.179> abundance<00:26:00.659> for<00:26:00.960> society 00:26:01.370 --> 00:26:01.380 align:start position:0% you're creating abundance for society 00:26:01.380 --> 00:26:10.930 align:start position:0% you're creating abundance for society right 00:26:10.930 --> 00:26:10.940 align:start position:0% 00:26:10.940 --> 00:26:13.370 align:start position:0% all<00:26:11.940> right<00:26:12.120> thank<00:26:12.539> you<00:26:12.659> so<00:26:12.779> much<00:26:12.900> I'll<00:26:13.200> be 00:26:13.370 --> 00:26:13.380 align:start position:0% all right thank you so much I'll be 00:26:13.380 --> 00:26:17.000 align:start position:0% all right thank you so much I'll be right<00:26:13.500> outside<00:26:13.740> and<00:26:14.159> we<00:26:14.520> can<00:26:14.700> chat