WEBVTT Kind: captions Language: en 00:00:01.160 --> 00:00:06.690 align:start position:0% [Music] 00:00:06.690 --> 00:00:06.700 align:start position:0% 00:00:06.700 --> 00:00:09.910 align:start position:0% [Music] 00:00:09.910 --> 00:00:09.920 align:start position:0% [Music] 00:00:09.920 --> 00:00:12.350 align:start position:0% [Music] okay<00:00:10.240> hey<00:00:10.400> everybody<00:00:11.160> uh<00:00:11.400> so<00:00:11.960> I'm<00:00:12.080> going<00:00:12.240> to 00:00:12.350 --> 00:00:12.360 align:start position:0% okay hey everybody uh so I'm going to 00:00:12.360 --> 00:00:14.150 align:start position:0% okay hey everybody uh so I'm going to talk<00:00:12.480> about<00:00:12.639> oracles<00:00:13.040> for<00:00:13.200> number<00:00:13.519> values<00:00:14.040> uh 00:00:14.150 --> 00:00:14.160 align:start position:0% talk about oracles for number values uh 00:00:14.160 --> 00:00:15.990 align:start position:0% talk about oracles for number values uh my<00:00:14.240> name<00:00:14.400> is<00:00:14.519> William<00:00:14.879> George<00:00:15.440> I<00:00:15.519> work<00:00:15.679> for<00:00:15.839> the 00:00:15.990 --> 00:00:16.000 align:start position:0% my name is William George I work for the 00:00:16.000 --> 00:00:20.150 align:start position:0% my name is William George I work for the claros<00:00:16.640> Cooperative<00:00:17.640> uh<00:00:18.240> so<00:00:19.240> what<00:00:19.359> do<00:00:19.520> I<00:00:19.920> what 00:00:20.150 --> 00:00:20.160 align:start position:0% claros Cooperative uh so what do I what 00:00:20.160 --> 00:00:21.710 align:start position:0% claros Cooperative uh so what do I what what's<00:00:20.400> like<00:00:20.720> what<00:00:20.800> are<00:00:20.920> we<00:00:21.160> gonna<00:00:21.439> what's<00:00:21.600> the 00:00:21.710 --> 00:00:21.720 align:start position:0% what's like what are we gonna what's the 00:00:21.720 --> 00:00:23.429 align:start position:0% what's like what are we gonna what's the goal<00:00:21.960> here<00:00:22.359> like<00:00:22.560> the<00:00:22.800> district<00:00:23.160> called<00:00:23.320> the 00:00:23.429 --> 00:00:23.439 align:start position:0% goal here like the district called the 00:00:23.439 --> 00:00:25.310 align:start position:0% goal here like the district called the basic<00:00:23.760> blockchain<00:00:24.240> Oracle<00:00:24.640> problem<00:00:25.160> you 00:00:25.310 --> 00:00:25.320 align:start position:0% basic blockchain Oracle problem you 00:00:25.320 --> 00:00:27.029 align:start position:0% basic blockchain Oracle problem you probably<00:00:25.519> all<00:00:25.640> heard<00:00:25.800> about<00:00:26.039> many<00:00:26.240> times<00:00:26.920> uh 00:00:27.029 --> 00:00:27.039 align:start position:0% probably all heard about many times uh 00:00:27.039 --> 00:00:28.269 align:start position:0% probably all heard about many times uh blockchains<00:00:27.480> don't<00:00:27.640> have<00:00:27.840> access<00:00:28.080> to 00:00:28.269 --> 00:00:28.279 align:start position:0% blockchains don't have access to 00:00:28.279 --> 00:00:29.990 align:start position:0% blockchains don't have access to information<00:00:28.720> about<00:00:28.920> the<00:00:29.000> offchain<00:00:29.439> world<00:00:29.759> if 00:00:29.990 --> 00:00:30.000 align:start position:0% information about the offchain world if 00:00:30.000 --> 00:00:30.669 align:start position:0% information about the offchain world if you<00:00:30.039> want<00:00:30.160> them<00:00:30.240> to<00:00:30.320> know<00:00:30.400> something<00:00:30.560> about 00:00:30.669 --> 00:00:30.679 align:start position:0% you want them to know something about 00:00:30.679 --> 00:00:32.190 align:start position:0% you want them to know something about the<00:00:31.199> you<00:00:31.279> have<00:00:31.359> to<00:00:31.519> tell<00:00:31.720> them<00:00:31.920> that 00:00:32.190 --> 00:00:32.200 align:start position:0% the you have to tell them that 00:00:32.200 --> 00:00:34.350 align:start position:0% the you have to tell them that information<00:00:33.200> uh<00:00:33.320> a<00:00:33.480> classic<00:00:33.840> example<00:00:34.120> is<00:00:34.239> you 00:00:34.350 --> 00:00:34.360 align:start position:0% information uh a classic example is you 00:00:34.360 --> 00:00:36.549 align:start position:0% information uh a classic example is you might<00:00:34.480> want<00:00:34.920> an<00:00:35.040> oracle<00:00:35.440> for<00:00:35.760> for<00:00:36.000> prices<00:00:36.360> of 00:00:36.549 --> 00:00:36.559 align:start position:0% might want an oracle for for prices of 00:00:36.559 --> 00:00:40.350 align:start position:0% might want an oracle for for prices of Def<00:00:37.120> of<00:00:37.480> of<00:00:37.760> like<00:00:38.079> assets<00:00:38.520> for<00:00:38.640> defi<00:00:39.360> contracts 00:00:40.350 --> 00:00:40.360 align:start position:0% Def of of like assets for defi contracts 00:00:40.360 --> 00:00:43.389 align:start position:0% Def of of like assets for defi contracts uh<00:00:40.600> you<00:00:40.719> might<00:00:41.160> want<00:00:41.480> other<00:00:41.920> kinds<00:00:42.280> of<00:00:43.280> uh 00:00:43.389 --> 00:00:43.399 align:start position:0% uh you might want other kinds of uh 00:00:43.399 --> 00:00:44.790 align:start position:0% uh you might want other kinds of uh mechanisms<00:00:43.879> to<00:00:43.960> bring<00:00:44.160> offchain<00:00:44.520> information 00:00:44.790 --> 00:00:44.800 align:start position:0% mechanisms to bring offchain information 00:00:44.800 --> 00:00:45.990 align:start position:0% mechanisms to bring offchain information onto<00:00:45.000> the<00:00:45.120> chain<00:00:45.399> maybe<00:00:45.640> the<00:00:45.719> amount<00:00:45.879> of 00:00:45.990 --> 00:00:46.000 align:start position:0% onto the chain maybe the amount of 00:00:46.000 --> 00:00:47.709 align:start position:0% onto the chain maybe the amount of rainfall<00:00:46.360> on<00:00:46.480> some<00:00:46.600> given<00:00:46.840> location<00:00:47.360> for<00:00:47.559> some 00:00:47.709 --> 00:00:47.719 align:start position:0% rainfall on some given location for some 00:00:47.719 --> 00:00:49.510 align:start position:0% rainfall on some given location for some Farm<00:00:48.000> insurance<00:00:48.399> contract<00:00:49.000> the<00:00:49.120> mechanism 00:00:49.510 --> 00:00:49.520 align:start position:0% Farm insurance contract the mechanism 00:00:49.520 --> 00:00:52.150 align:start position:0% Farm insurance contract the mechanism used<00:00:49.719> to<00:00:49.800> do<00:00:49.960> this<00:00:50.079> is<00:00:50.199> called<00:00:50.360> an<00:00:50.760> oracle<00:00:51.760> uh 00:00:52.150 --> 00:00:52.160 align:start position:0% used to do this is called an oracle uh 00:00:52.160 --> 00:00:54.229 align:start position:0% used to do this is called an oracle uh and<00:00:52.520> uh<00:00:52.840> sometimes<00:00:53.199> the<00:00:53.520> thing<00:00:53.719> you<00:00:53.960> want<00:00:54.160> the 00:00:54.229 --> 00:00:54.239 align:start position:0% and uh sometimes the thing you want the 00:00:54.239 --> 00:00:56.389 align:start position:0% and uh sometimes the thing you want the Oracle<00:00:54.559> to<00:00:54.640> Output<00:00:54.920> is<00:00:55.000> a<00:00:55.120> number<00:00:55.640> often<00:00:56.320> in 00:00:56.389 --> 00:00:56.399 align:start position:0% Oracle to Output is a number often in 00:00:56.399 --> 00:00:58.630 align:start position:0% Oracle to Output is a number often in the<00:00:56.480> case<00:00:56.600> of<00:00:56.719> price<00:00:57.160> oracles<00:00:58.160> uh<00:00:58.399> just<00:00:58.480> to 00:00:58.630 --> 00:00:58.640 align:start position:0% the case of price oracles uh just to 00:00:58.640 --> 00:01:00.590 align:start position:0% the case of price oracles uh just to give<00:00:58.719> a<00:00:58.840> bit<00:00:58.960> of<00:00:59.120> my<00:00:59.280> motivation<00:01:00.039> like<00:01:00.160> sort<00:01:00.280> of 00:01:00.590 --> 00:01:00.600 align:start position:0% give a bit of my motivation like sort of 00:01:00.600 --> 00:01:02.069 align:start position:0% give a bit of my motivation like sort of how<00:01:00.840> and<00:01:01.039> why<00:01:01.239> I'm<00:01:01.359> thinking<00:01:01.600> about<00:01:01.840> this 00:01:02.069 --> 00:01:02.079 align:start position:0% how and why I'm thinking about this 00:01:02.079 --> 00:01:03.950 align:start position:0% how and why I'm thinking about this problem<00:01:03.079> so<00:01:03.199> for<00:01:03.359> those<00:01:03.480> of<00:01:03.559> you<00:01:03.640> who<00:01:03.760> aren't 00:01:03.950 --> 00:01:03.960 align:start position:0% problem so for those of you who aren't 00:01:03.960 --> 00:01:05.509 align:start position:0% problem so for those of you who aren't familiar<00:01:04.360> claros<00:01:04.799> is<00:01:04.920> a<00:01:05.080> blockchainbased 00:01:05.509 --> 00:01:05.519 align:start position:0% familiar claros is a blockchainbased 00:01:05.519 --> 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build<00:01:13.439> her<00:01:13.640> website<00:01:14.080> whatever<00:01:14.680> she 00:01:14.830 --> 00:01:14.840 align:start position:0% service build her website whatever she 00:01:14.840 --> 00:01:16.510 align:start position:0% service build her website whatever she puts<00:01:15.119> Bob's<00:01:15.439> payment<00:01:15.720> in<00:01:15.960> some<00:01:16.200> smart 00:01:16.510 --> 00:01:16.520 align:start position:0% puts Bob's payment in some smart 00:01:16.520 --> 00:01:18.510 align:start position:0% puts Bob's payment in some smart contract<00:01:16.880> escrow<00:01:17.799> and<00:01:17.880> if<00:01:18.000> Alice<00:01:18.240> is<00:01:18.360> happy 00:01:18.510 --> 00:01:18.520 align:start position:0% contract escrow and if Alice is happy 00:01:18.520 --> 00:01:19.630 align:start position:0% contract escrow and if Alice is happy with<00:01:18.600> Bob's<00:01:18.799> work<00:01:18.960> she<00:01:19.040> just<00:01:19.159> clicks<00:01:19.360> a<00:01:19.439> button 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align:start position:0% that there's like some crowd of users of 00:01:27.159 --> 00:01:29.310 align:start position:0% that there's like some crowd of users of the<00:01:27.240> Claris<00:01:27.640> platform<00:01:28.640> a<00:01:28.720> few<00:01:28.920> of<00:01:29.000> whom<00:01:29.159> are 00:01:29.310 --> 00:01:29.320 align:start position:0% the Claris platform a few of whom are 00:01:29.320 --> 00:01:31.830 align:start position:0% the Claris platform a few of whom are drawn<00:01:29.600> and<00:01:29.680> they<00:01:29.920> decide<00:01:30.200> who<00:01:30.320> is<00:01:30.520> right<00:01:31.439> uh 00:01:31.830 --> 00:01:31.840 align:start position:0% drawn and they decide who is right uh 00:01:31.840 --> 00:01:34.630 align:start position:0% drawn and they decide who is right uh and<00:01:32.240> the<00:01:32.920> right<00:01:33.280> answer<00:01:33.680> to<00:01:33.960> this<00:01:34.159> dispute<00:01:34.520> the 00:01:34.630 --> 00:01:34.640 align:start position:0% and the right answer to this dispute the 00:01:34.640 --> 00:01:37.350 align:start position:0% and the right answer to this dispute the correct<00:01:35.000> resolution<00:01:36.000> uh<00:01:36.200> may<00:01:36.360> be<00:01:36.560> a<00:01:36.720> number<00:01:37.280> uh 00:01:37.350 --> 00:01:37.360 align:start position:0% correct resolution uh may be a number uh 00:01:37.360 --> 00:01:38.670 align:start position:0% correct resolution uh may be a number uh it<00:01:37.479> may<00:01:37.680> be<00:01:37.880> some<00:01:38.040> kind<00:01:38.159> of<00:01:38.320> partial 00:01:38.670 --> 00:01:38.680 align:start position:0% it may be some kind of partial 00:01:38.680 --> 00:01:41.870 align:start position:0% it may be some kind of partial settlement<00:01:39.600> how<00:01:39.720> much<00:01:39.880> should<00:01:40.119> Bob<00:01:40.399> be<00:01:40.880> paid 00:01:41.870 --> 00:01:41.880 align:start position:0% settlement how much should Bob be paid 00:01:41.880 --> 00:01:42.710 align:start position:0% settlement how much should Bob be paid uh<00:01:42.000> if<00:01:42.079> you<00:01:42.200> have<00:01:42.320> some<00:01:42.439> kind<00:01:42.560> of 00:01:42.710 --> 00:01:42.720 align:start position:0% uh if you have some kind of 00:01:42.720 --> 00:01:44.270 align:start position:0% uh if you have some kind of decentralized<00:01:43.360> insurance<00:01:43.799> contract<00:01:44.159> you 00:01:44.270 --> 00:01:44.280 align:start position:0% decentralized insurance contract you 00:01:44.280 --> 00:01:46.389 align:start position:0% decentralized insurance contract you might<00:01:44.439> have<00:01:44.600> disputes<00:01:45.040> about<00:01:45.360> how<00:01:45.479> much<00:01:45.680> of<00:01:45.880> a 00:01:46.389 --> 00:01:46.399 align:start position:0% might have disputes about how much of a 00:01:46.399 --> 00:01:49.069 align:start position:0% might have disputes about how much of a compensation<00:01:46.960> someone<00:01:47.320> should<00:01:47.680> get<00:01:48.680> uh<00:01:48.920> and 00:01:49.069 --> 00:01:49.079 align:start position:0% compensation someone should get uh and 00:01:49.079 --> 00:01:51.270 align:start position:0% compensation someone should get uh and then<00:01:49.240> basically<00:01:49.640> you<00:01:49.759> have<00:01:49.920> this<00:01:50.280> offchain 00:01:51.270 --> 00:01:51.280 align:start position:0% then basically you have this offchain 00:01:51.280 --> 00:01:53.270 align:start position:0% then basically you have this offchain question<00:01:51.880> you<00:01:52.000> know<00:01:52.240> like<00:01:52.719> like<00:01:52.880> the<00:01:53.040> answer 00:01:53.270 --> 00:01:53.280 align:start position:0% question you know like like the answer 00:01:53.280 --> 00:01:54.990 align:start position:0% question you know like like the answer to<00:01:53.479> this<00:01:53.600> offchain<00:01:54.079> dispute<00:01:54.640> and<00:01:54.719> you<00:01:54.840> want 00:01:54.990 --> 00:01:55.000 align:start position:0% to this offchain dispute and you want 00:01:55.000 --> 00:01:56.469 align:start position:0% to this offchain dispute and you want this<00:01:55.200> like<00:01:55.360> Oracle<00:01:55.799> that's<00:01:55.960> specialized<00:01:56.399> in 00:01:56.469 --> 00:01:56.479 align:start position:0% this like Oracle that's specialized in 00:01:56.479 --> 00:01:58.429 align:start position:0% this like Oracle that's specialized in dispute<00:01:56.799> resolution<00:01:57.600> and<00:01:57.759> notice<00:01:58.079> that<00:01:58.240> these 00:01:58.429 --> 00:01:58.439 align:start position:0% dispute resolution and notice that these 00:01:58.439 --> 00:02:00.029 align:start position:0% dispute resolution and notice that these questions<00:01:58.799> can<00:01:58.960> be<00:01:59.159> you<00:01:59.280> know<00:01:59.439> more 00:02:00.029 --> 00:02:00.039 align:start position:0% questions can be you know more 00:02:00.039 --> 00:02:02.109 align:start position:0% questions can be you know more subjective<00:02:00.799> more<00:02:01.119> maybe<00:02:01.360> individual<00:02:01.960> than 00:02:02.109 --> 00:02:02.119 align:start position:0% subjective more maybe individual than 00:02:02.119 --> 00:02:05.069 align:start position:0% subjective more maybe individual than the<00:02:02.200> kind<00:02:02.320> of<00:02:02.479> price<00:02:02.719> Oracle<00:02:03.360> question<00:02:04.360> uh<00:02:04.759> and 00:02:05.069 --> 00:02:05.079 align:start position:0% the kind of price Oracle question uh and 00:02:05.079 --> 00:02:06.910 align:start position:0% the kind of price Oracle question uh and as<00:02:05.159> a<00:02:05.320> result<00:02:05.600> maybe<00:02:05.920> your<00:02:06.240> like<00:02:06.399> Oracle 00:02:06.910 --> 00:02:06.920 align:start position:0% as a result maybe your like Oracle 00:02:06.920 --> 00:02:08.469 align:start position:0% as a result maybe your like Oracle design<00:02:07.439> might<00:02:07.600> be<00:02:07.759> slightly<00:02:08.119> different<00:02:08.319> for 00:02:08.469 --> 00:02:08.479 align:start position:0% design might be slightly different for 00:02:08.479 --> 00:02:10.830 align:start position:0% design might be slightly different for these<00:02:08.640> slightly<00:02:08.920> different<00:02:09.599> questions<00:02:10.599> okay 00:02:10.830 --> 00:02:10.840 align:start position:0% these slightly different questions okay 00:02:10.840 --> 00:02:13.750 align:start position:0% these slightly different questions okay so<00:02:11.080> now<00:02:11.280> like<00:02:11.400> digging<00:02:11.760> really<00:02:12.040> deep<00:02:13.040> uh<00:02:13.480> how 00:02:13.750 --> 00:02:13.760 align:start position:0% so now like digging really deep uh how 00:02:13.760 --> 00:02:14.990 align:start position:0% so now like digging really deep uh how how<00:02:13.879> should<00:02:14.040> we<00:02:14.160> design<00:02:14.400> an<00:02:14.480> oracle<00:02:14.760> what<00:02:14.840> are 00:02:14.990 --> 00:02:15.000 align:start position:0% how should we design an oracle what are 00:02:15.000 --> 00:02:16.470 align:start position:0% how should we design an oracle what are like<00:02:15.120> the<00:02:15.280> basic<00:02:15.599> ingredients<00:02:16.080> go<00:02:16.239> to<00:02:16.360> an 00:02:16.470 --> 00:02:16.480 align:start position:0% like the basic ingredients go to an 00:02:16.480 --> 00:02:18.150 align:start position:0% like the basic ingredients go to an oracle<00:02:17.400> uh<00:02:17.519> well<00:02:17.680> on<00:02:17.879> just<00:02:18.000> like<00:02:18.080> a 00:02:18.150 --> 00:02:18.160 align:start position:0% oracle uh well on just like a 00:02:18.160 --> 00:02:20.190 align:start position:0% oracle uh well on just like a fundamental<00:02:18.640> level<00:02:19.160> you<00:02:19.280> would<00:02:19.480> ask<00:02:19.800> who<00:02:19.959> is 00:02:20.190 --> 00:02:20.200 align:start position:0% fundamental level you would ask who is 00:02:20.200 --> 00:02:22.670 align:start position:0% fundamental level you would ask who is participating<00:02:20.879> in<00:02:21.000> the<00:02:21.120> Oracle<00:02:22.080> uh<00:02:22.239> obviously 00:02:22.670 --> 00:02:22.680 align:start position:0% participating in the Oracle uh obviously 00:02:22.680 --> 00:02:24.150 align:start position:0% participating in the Oracle uh obviously you're<00:02:22.840> bringing<00:02:23.160> information<00:02:23.640> from<00:02:24.040> the 00:02:24.150 --> 00:02:24.160 align:start position:0% you're bringing information from the 00:02:24.160 --> 00:02:25.750 align:start position:0% you're bringing information from the offchain<00:02:24.519> world<00:02:24.760> onto<00:02:24.959> the<00:02:25.040> chain<00:02:25.360> somebody's 00:02:25.750 --> 00:02:25.760 align:start position:0% offchain world onto the chain somebody's 00:02:25.760 --> 00:02:28.229 align:start position:0% offchain world onto the chain somebody's got<00:02:25.840> to<00:02:25.920> be<00:02:26.040> uploading<00:02:26.440> that<00:02:26.560> information<00:02:27.440> who 00:02:28.229 --> 00:02:28.239 align:start position:0% got to be uploading that information who 00:02:28.239 --> 00:02:30.229 align:start position:0% got to be uploading that information who what<00:02:28.360> is<00:02:28.519> the<00:02:28.720> format<00:02:29.200> of<00:02:29.400> the<00:02:29.920> information 00:02:30.229 --> 00:02:30.239 align:start position:0% what is the format of the information 00:02:30.239 --> 00:02:31.830 align:start position:0% what is the format of the information they<00:02:30.440> provide<00:02:31.000> and<00:02:31.080> assuming<00:02:31.360> you<00:02:31.480> have<00:02:31.640> more 00:02:31.830 --> 00:02:31.840 align:start position:0% they provide and assuming you have more 00:02:31.840 --> 00:02:33.350 align:start position:0% they provide and assuming you have more than<00:02:32.040> one<00:02:32.360> person<00:02:32.720> who's<00:02:32.959> providing 00:02:33.350 --> 00:02:33.360 align:start position:0% than one person who's providing 00:02:33.360 --> 00:02:34.670 align:start position:0% than one person who's providing information<00:02:33.760> how<00:02:33.840> do<00:02:33.959> you<00:02:34.120> aggregate<00:02:34.519> their 00:02:34.670 --> 00:02:34.680 align:start position:0% information how do you aggregate their 00:02:34.680 --> 00:02:35.670 align:start position:0% information how do you aggregate their information<00:02:34.959> if<00:02:35.080> they<00:02:35.160> don't<00:02:35.360> provide 00:02:35.670 --> 00:02:35.680 align:start position:0% information if they don't provide 00:02:35.680 --> 00:02:37.509 align:start position:0% information if they don't provide exactly<00:02:36.120> the<00:02:36.239> same<00:02:36.519> thing<00:02:36.959> how<00:02:37.080> do<00:02:37.160> you<00:02:37.280> put<00:02:37.360> it 00:02:37.509 --> 00:02:37.519 align:start position:0% exactly the same thing how do you put it 00:02:37.519 --> 00:02:39.790 align:start position:0% exactly the same thing how do you put it together<00:02:37.680> into<00:02:37.879> some<00:02:38.000> kind<00:02:38.120> of<00:02:38.560> collective<00:02:39.560> uh 00:02:39.790 --> 00:02:39.800 align:start position:0% together into some kind of collective uh 00:02:39.800 --> 00:02:41.350 align:start position:0% together into some kind of collective uh value<00:02:40.120> that<00:02:40.200> you<00:02:40.319> use<00:02:40.519> as<00:02:40.640> the<00:02:40.760> number<00:02:41.040> in<00:02:41.159> your 00:02:41.350 --> 00:02:41.360 align:start position:0% value that you use as the number in your 00:02:41.360 --> 00:02:43.509 align:start position:0% value that you use as the number in your in<00:02:41.480> your<00:02:41.640> system<00:02:42.599> uh<00:02:42.760> and<00:02:43.040> people<00:02:43.280> probably 00:02:43.509 --> 00:02:43.519 align:start position:0% in your system uh and people probably 00:02:43.519 --> 00:02:45.350 align:start position:0% in your system uh and people probably aren't<00:02:43.720> doing<00:02:44.040> this<00:02:44.280> altruistically<00:02:45.080> they're 00:02:45.350 --> 00:02:45.360 align:start position:0% aren't doing this altruistically they're 00:02:45.360 --> 00:02:47.589 align:start position:0% aren't doing this altruistically they're so<00:02:45.959> are<00:02:46.159> they<00:02:46.519> what's<00:02:46.680> what's<00:02:46.840> in<00:02:46.959> it<00:02:47.040> for<00:02:47.239> them 00:02:47.589 --> 00:02:47.599 align:start position:0% so are they what's what's in it for them 00:02:47.599 --> 00:02:48.790 align:start position:0% so are they what's what's in it for them like<00:02:47.800> are<00:02:47.920> they<00:02:48.080> being<00:02:48.280> rewarded<00:02:48.640> or 00:02:48.790 --> 00:02:48.800 align:start position:0% like are they being rewarded or 00:02:48.800 --> 00:02:49.910 align:start position:0% like are they being rewarded or penalized 00:02:49.910 --> 00:02:49.920 align:start position:0% penalized 00:02:49.920 --> 00:02:53.390 align:start position:0% penalized somehow<00:02:50.920> uh<00:02:51.560> and<00:02:52.560> as<00:02:52.720> one<00:02:52.920> makes<00:02:53.239> these 00:02:53.390 --> 00:02:53.400 align:start position:0% somehow uh and as one makes these 00:02:53.400 --> 00:02:55.670 align:start position:0% somehow uh and as one makes these choices<00:02:53.959> what<00:02:54.480> are<00:02:54.599> you<00:02:54.720> trying<00:02:54.959> to<00:02:55.120> optimize 00:02:55.670 --> 00:02:55.680 align:start position:0% choices what are you trying to optimize 00:02:55.680 --> 00:02:57.550 align:start position:0% choices what are you trying to optimize you<00:02:55.840> for<00:02:56.519> well<00:02:56.760> obviously<00:02:57.159> you<00:02:57.280> want<00:02:57.440> the 00:02:57.550 --> 00:02:57.560 align:start position:0% you for well obviously you want the 00:02:57.560 --> 00:03:00.509 align:start position:0% you for well obviously you want the Oracle<00:02:57.879> to<00:02:58.040> produce<00:02:58.480> good<00:02:58.840> information<00:02:59.920> fast 00:03:00.509 --> 00:03:00.519 align:start position:0% Oracle to produce good information fast 00:03:00.519 --> 00:03:02.390 align:start position:0% Oracle to produce good information fast cheap<00:03:01.360> uh<00:03:01.480> you<00:03:01.560> want<00:03:01.680> it<00:03:01.760> to<00:03:01.879> be<00:03:02.040> attack 00:03:02.390 --> 00:03:02.400 align:start position:0% cheap uh you want it to be attack 00:03:02.400 --> 00:03:04.830 align:start position:0% cheap uh you want it to be attack resistant<00:03:03.120> uh<00:03:03.200> to<00:03:03.879> whatever<00:03:04.319> attacks<00:03:04.680> are 00:03:04.830 --> 00:03:04.840 align:start position:0% resistant uh to whatever attacks are 00:03:04.840 --> 00:03:06.229 align:start position:0% resistant uh to whatever attacks are sort<00:03:05.000> of<00:03:05.080> relevant<00:03:05.400> for<00:03:05.519> your<00:03:05.680> system<00:03:06.080> I'm 00:03:06.229 --> 00:03:06.239 align:start position:0% sort of relevant for your system I'm 00:03:06.239 --> 00:03:08.509 align:start position:0% sort of relevant for your system I'm going<00:03:06.400> to<00:03:06.760> talk<00:03:06.959> about<00:03:07.640> different<00:03:08.080> choices 00:03:08.509 --> 00:03:08.519 align:start position:0% going to talk about different choices 00:03:08.519 --> 00:03:09.949 align:start position:0% going to talk about different choices people<00:03:08.799> have<00:03:08.959> made<00:03:09.200> on<00:03:09.360> these<00:03:09.640> in<00:03:09.799> these 00:03:09.949 --> 00:03:09.959 align:start position:0% people have made on these in these 00:03:09.959 --> 00:03:12.430 align:start position:0% people have made on these in these design<00:03:10.280> choices<00:03:11.280> uh<00:03:11.440> over<00:03:11.760> times<00:03:12.120> where<00:03:12.319> some 00:03:12.430 --> 00:03:12.440 align:start position:0% design choices uh over times where some 00:03:12.440 --> 00:03:14.789 align:start position:0% design choices uh over times where some of<00:03:12.560> the<00:03:12.680> open<00:03:13.159> like<00:03:13.360> ideas<00:03:13.799> are<00:03:14.280> and<00:03:14.560> like<00:03:14.680> the 00:03:14.789 --> 00:03:14.799 align:start position:0% of the open like ideas are and like the 00:03:14.799 --> 00:03:16.309 align:start position:0% of the open like ideas are and like the attacks<00:03:15.080> can<00:03:15.200> vary<00:03:15.440> from<00:03:15.560> one<00:03:15.840> idea<00:03:16.080> to<00:03:16.200> the 00:03:16.309 --> 00:03:16.319 align:start position:0% attacks can vary from one idea to the 00:03:16.319 --> 00:03:18.830 align:start position:0% attacks can vary from one idea to the other<00:03:16.599> I<00:03:16.879> hit<00:03:17.000> on<00:03:17.080> a<00:03:17.200> few<00:03:18.080> uh<00:03:18.239> and<00:03:18.319> so<00:03:18.519> far<00:03:18.720> all 00:03:18.830 --> 00:03:18.840 align:start position:0% other I hit on a few uh and so far all 00:03:18.840 --> 00:03:20.670 align:start position:0% other I hit on a few uh and so far all of<00:03:18.959> this<00:03:19.120> is<00:03:19.319> relevant<00:03:20.040> like<00:03:20.239> everything<00:03:20.560> I've 00:03:20.670 --> 00:03:20.680 align:start position:0% of this is relevant like everything I've 00:03:20.680 --> 00:03:22.509 align:start position:0% of this is relevant like everything I've said<00:03:20.920> could<00:03:21.040> be<00:03:21.239> true<00:03:21.480> for<00:03:21.720> oracles<00:03:22.280> whether 00:03:22.509 --> 00:03:22.519 align:start position:0% said could be true for oracles whether 00:03:22.519 --> 00:03:24.750 align:start position:0% said could be true for oracles whether they're<00:03:22.680> outputting<00:03:23.159> number<00:03:23.440> values<00:03:23.840> or<00:03:24.000> not 00:03:24.750 --> 00:03:24.760 align:start position:0% they're outputting number values or not 00:03:24.760 --> 00:03:26.589 align:start position:0% they're outputting number values or not uh<00:03:24.879> I<00:03:24.959> could<00:03:25.080> have<00:03:25.159> some<00:03:25.360> discret<00:03:25.760> information 00:03:26.589 --> 00:03:26.599 align:start position:0% uh I could have some discret information 00:03:26.599 --> 00:03:28.270 align:start position:0% uh I could have some discret information uh<00:03:26.879> that<00:03:27.280> all<00:03:27.519> everything<00:03:27.760> I've<00:03:27.879> said<00:03:28.000> so<00:03:28.120> far 00:03:28.270 --> 00:03:28.280 align:start position:0% uh that all everything I've said so far 00:03:28.280 --> 00:03:29.589 align:start position:0% uh that all everything I've said so far would<00:03:28.360> be<00:03:28.480> relevant<00:03:28.799> for<00:03:29.239> and<00:03:29.360> where<00:03:29.480> you 00:03:29.589 --> 00:03:29.599 align:start position:0% would be relevant for and where you 00:03:29.599 --> 00:03:31.589 align:start position:0% would be relevant for and where you really<00:03:29.920> get<00:03:30.040> into<00:03:30.360> the<00:03:30.599> number<00:03:31.040> question<00:03:31.439> what 00:03:31.589 --> 00:03:31.599 align:start position:0% really get into the number question what 00:03:31.599 --> 00:03:33.630 align:start position:0% really get into the number question what the<00:03:31.760> specifics<00:03:32.120> of<00:03:32.200> the<00:03:32.319> number<00:03:32.599> question<00:03:33.480> uh 00:03:33.630 --> 00:03:33.640 align:start position:0% the specifics of the number question uh 00:03:33.640 --> 00:03:35.470 align:start position:0% the specifics of the number question uh is<00:03:33.799> this<00:03:33.959> question<00:03:34.159> of<00:03:34.400> how<00:03:34.760> precise<00:03:35.239> you<00:03:35.360> want 00:03:35.470 --> 00:03:35.480 align:start position:0% is this question of how precise you want 00:03:35.480 --> 00:03:37.949 align:start position:0% is this question of how precise you want your<00:03:35.640> information<00:03:36.000> to<00:03:36.159> be<00:03:36.920> uh<00:03:37.040> how<00:03:37.159> many 00:03:37.949 --> 00:03:37.959 align:start position:0% your information to be uh how many 00:03:37.959 --> 00:03:41.190 align:start position:0% your information to be uh how many decimals<00:03:38.959> um<00:03:39.959> and<00:03:40.120> this<00:03:40.239> is<00:03:40.560> very<00:03:40.799> relevant 00:03:41.190 --> 00:03:41.200 align:start position:0% decimals um and this is very relevant 00:03:41.200 --> 00:03:43.030 align:start position:0% decimals um and this is very relevant for<00:03:41.439> incentive<00:03:41.879> functions<00:03:42.519> if<00:03:42.640> you<00:03:42.799> have 00:03:43.030 --> 00:03:43.040 align:start position:0% for incentive functions if you have 00:03:43.040 --> 00:03:44.869 align:start position:0% for incentive functions if you have people<00:03:43.680> rewarding<00:03:44.120> people<00:03:44.319> to<00:03:44.480> participate 00:03:44.869 --> 00:03:44.879 align:start position:0% people rewarding people to participate 00:03:44.879 --> 00:03:47.670 align:start position:0% people rewarding people to participate in<00:03:45.000> your<00:03:45.360> Oracle<00:03:46.360> uh<00:03:46.680> say<00:03:46.959> you<00:03:47.120> want<00:03:47.280> a<00:03:47.400> price 00:03:47.670 --> 00:03:47.680 align:start position:0% in your Oracle uh say you want a price 00:03:47.680 --> 00:03:50.509 align:start position:0% in your Oracle uh say you want a price Oracle<00:03:48.480> and<00:03:48.879> the<00:03:49.159> you<00:03:49.280> know<00:03:49.480> you<00:03:49.840> you<00:03:49.959> say<00:03:50.400> tell 00:03:50.509 --> 00:03:50.519 align:start position:0% Oracle and the you know you you say tell 00:03:50.519 --> 00:03:53.309 align:start position:0% Oracle and the you know you you say tell me<00:03:50.720> the<00:03:50.879> price<00:03:51.280> and<00:03:51.519> of<00:03:51.680> like<00:03:51.840> Ethan<00:03:52.239> USD<00:03:53.200> uh 00:03:53.309 --> 00:03:53.319 align:start position:0% me the price and of like Ethan USD uh 00:03:53.319 --> 00:03:54.830 align:start position:0% me the price and of like Ethan USD uh and<00:03:53.439> I<00:03:53.560> say<00:03:54.120> you<00:03:54.239> know<00:03:54.360> the<00:03:54.480> price<00:03:54.640> is<00:03:54.760> like 00:03:54.830 --> 00:03:54.840 align:start position:0% and I say you know the price is like 00:03:54.840 --> 00:03:57.030 align:start position:0% and I say you know the price is like $3,200<00:03:55.760> more<00:03:55.879> or<00:03:56.000> less<00:03:56.120> and<00:03:56.239> I<00:03:56.319> say 00:03:57.030 --> 00:03:57.040 align:start position:0% $3,200 more or less and I say 00:03:57.040 --> 00:04:00.229 align:start position:0% $3,200 more or less and I say 3201<00:03:58.040> am<00:03:58.200> I<00:03:58.680> right<00:03:59.360> should<00:03:59.519> I<00:03:59.799> rewarded<00:04:00.120> should 00:04:00.229 --> 00:04:00.239 align:start position:0% 3201 am I right should I rewarded should 00:04:00.239 --> 00:04:04.390 align:start position:0% 3201 am I right should I rewarded should I<00:04:00.360> be<00:04:00.959> penalized<00:04:01.959> uh<00:04:02.680> so<00:04:03.519> this<00:04:03.799> question<00:04:04.079> of 00:04:04.390 --> 00:04:04.400 align:start position:0% I be penalized uh so this question of 00:04:04.400 --> 00:04:06.670 align:start position:0% I be penalized uh so this question of like<00:04:04.840> you<00:04:04.959> know<00:04:05.120> for<00:04:05.360> for<00:04:05.480> a<00:04:05.599> number<00:04:06.280> you<00:04:06.439> can 00:04:06.670 --> 00:04:06.680 align:start position:0% like you know for for a number you can 00:04:06.680 --> 00:04:09.550 align:start position:0% like you know for for a number you can always<00:04:07.000> have<00:04:07.120> a<00:04:07.280> more<00:04:07.560> precise<00:04:08.360> closer<00:04:08.799> answer 00:04:09.550 --> 00:04:09.560 align:start position:0% always have a more precise closer answer 00:04:09.560 --> 00:04:10.869 align:start position:0% always have a more precise closer answer and<00:04:09.760> there's<00:04:09.920> this<00:04:10.120> question<00:04:10.280> of<00:04:10.480> how<00:04:10.640> close 00:04:10.869 --> 00:04:10.879 align:start position:0% and there's this question of how close 00:04:10.879 --> 00:04:12.910 align:start position:0% and there's this question of how close you<00:04:11.000> need<00:04:11.120> to<00:04:11.280> be<00:04:12.239> uh<00:04:12.360> and<00:04:12.439> over<00:04:12.560> the<00:04:12.680> course<00:04:12.840> of 00:04:12.910 --> 00:04:12.920 align:start position:0% you need to be uh and over the course of 00:04:12.920 --> 00:04:13.990 align:start position:0% you need to be uh and over the course of the<00:04:13.000> talk<00:04:13.120> we'll<00:04:13.239> hit<00:04:13.360> on<00:04:13.480> a<00:04:13.560> few<00:04:13.760> different 00:04:13.990 --> 00:04:14.000 align:start position:0% the talk we'll hit on a few different 00:04:14.000 --> 00:04:16.150 align:start position:0% the talk we'll hit on a few different Notions<00:04:14.280> of<00:04:14.560> close<00:04:15.560> uh<00:04:15.760> that<00:04:15.840> you<00:04:15.920> can<00:04:16.000> build 00:04:16.150 --> 00:04:16.160 align:start position:0% Notions of close uh that you can build 00:04:16.160 --> 00:04:17.270 align:start position:0% Notions of close uh that you can build into<00:04:16.359> different<00:04:16.560> kinds<00:04:16.759> of<00:04:16.880> incentive 00:04:17.270 --> 00:04:17.280 align:start position:0% into different kinds of incentive 00:04:17.280 --> 00:04:19.430 align:start position:0% into different kinds of incentive functions<00:04:17.880> like<00:04:18.000> maybe<00:04:18.239> the<00:04:18.359> most<00:04:18.840> basic<00:04:19.199> one 00:04:19.430 --> 00:04:19.440 align:start position:0% functions like maybe the most basic one 00:04:19.440 --> 00:04:20.590 align:start position:0% functions like maybe the most basic one would<00:04:19.600> be<00:04:19.840> to<00:04:19.959> say<00:04:20.120> okay<00:04:20.239> you<00:04:20.280> need<00:04:20.400> to<00:04:20.479> be 00:04:20.590 --> 00:04:20.600 align:start position:0% would be to say okay you need to be 00:04:20.600 --> 00:04:23.510 align:start position:0% would be to say okay you need to be within<00:04:20.840> x%<00:04:21.519> of<00:04:21.720> the<00:04:21.880> of<00:04:22.000> the<00:04:22.079> output<00:04:22.400> value<00:04:22.960> 1% 00:04:23.510 --> 00:04:23.520 align:start position:0% within x% of the of the output value 1% 00:04:23.520 --> 00:04:25.710 align:start position:0% within x% of the of the output value 1% you're<00:04:23.759> rewarded<00:04:24.280> Beyond<00:04:24.600> 1%<00:04:25.040> you're<00:04:25.199> you're 00:04:25.710 --> 00:04:25.720 align:start position:0% you're rewarded Beyond 1% you're you're 00:04:25.720 --> 00:04:27.790 align:start position:0% you're rewarded Beyond 1% you're you're penalized<00:04:26.720> uh<00:04:26.919> and<00:04:27.080> that's<00:04:27.280> that's<00:04:27.400> a<00:04:27.520> simple 00:04:27.790 --> 00:04:27.800 align:start position:0% penalized uh and that's that's a simple 00:04:27.800 --> 00:04:29.150 align:start position:0% penalized uh and that's that's a simple thing<00:04:27.919> you<00:04:28.000> could<00:04:28.160> do<00:04:28.320> there<00:04:28.440> will<00:04:28.560> be<00:04:28.759> other 00:04:29.150 --> 00:04:29.160 align:start position:0% thing you could do there will be other 00:04:29.160 --> 00:04:31.029 align:start position:0% thing you could do there will be other ideas<00:04:29.520> that<00:04:30.080> people<00:04:30.320> have 00:04:31.029 --> 00:04:31.039 align:start position:0% ideas that people have 00:04:31.039 --> 00:04:34.310 align:start position:0% ideas that people have done<00:04:32.039> okay<00:04:32.960> uh<00:04:33.120> now<00:04:33.280> to<00:04:33.440> hit<00:04:33.600> on<00:04:33.800> you<00:04:33.880> know<00:04:34.120> the 00:04:34.310 --> 00:04:34.320 align:start position:0% done okay uh now to hit on you know the 00:04:34.320 --> 00:04:35.670 align:start position:0% done okay uh now to hit on you know the sort<00:04:34.479> of<00:04:34.639> next<00:04:34.880> ingredient<00:04:35.320> that<00:04:35.400> goes<00:04:35.520> into 00:04:35.670 --> 00:04:35.680 align:start position:0% sort of next ingredient that goes into 00:04:35.680 --> 00:04:37.749 align:start position:0% sort of next ingredient that goes into the<00:04:35.759> Oracle<00:04:36.639> this<00:04:36.840> question<00:04:37.039> of<00:04:37.320> vote 00:04:37.749 --> 00:04:37.759 align:start position:0% the Oracle this question of vote 00:04:37.759 --> 00:04:42.110 align:start position:0% the Oracle this question of vote information<00:04:38.320> and<00:04:39.160> aggregation<00:04:40.160> uh<00:04:40.400> so<00:04:41.120> again 00:04:42.110 --> 00:04:42.120 align:start position:0% information and aggregation uh so again 00:04:42.120 --> 00:04:43.270 align:start position:0% information and aggregation uh so again I<00:04:42.360> I<00:04:42.440> think<00:04:42.560> a<00:04:42.639> lot<00:04:42.800> spent<00:04:42.960> a<00:04:43.000> lot<00:04:43.080> of<00:04:43.160> time 00:04:43.270 --> 00:04:43.280 align:start position:0% I I think a lot spent a lot of time 00:04:43.280 --> 00:04:44.390 align:start position:0% I I think a lot spent a lot of time thinking<00:04:43.440> about<00:04:43.600> dispute<00:04:43.919> resolution<00:04:44.280> for 00:04:44.390 --> 00:04:44.400 align:start position:0% thinking about dispute resolution for 00:04:44.400 --> 00:04:46.189 align:start position:0% thinking about dispute resolution for the<00:04:44.520> claros<00:04:44.960> platform<00:04:45.880> sometimes<00:04:46.080> the 00:04:46.189 --> 00:04:46.199 align:start position:0% the claros platform sometimes the 00:04:46.199 --> 00:04:48.710 align:start position:0% the claros platform sometimes the disputes<00:04:46.560> have<00:04:46.720> binary<00:04:47.120> answers<00:04:47.840> uh<00:04:48.039> or 00:04:48.710 --> 00:04:48.720 align:start position:0% disputes have binary answers uh or 00:04:48.720 --> 00:04:51.150 align:start position:0% disputes have binary answers uh or discret<00:04:49.160> answers<00:04:49.440> that<00:04:49.520> are<00:04:49.880> non-binary<00:04:50.880> uh 00:04:51.150 --> 00:04:51.160 align:start position:0% discret answers that are non-binary uh 00:04:51.160 --> 00:04:53.670 align:start position:0% discret answers that are non-binary uh and<00:04:52.039> as<00:04:52.120> a<00:04:52.240> result<00:04:52.440> I<00:04:52.520> spent<00:04:52.720> a<00:04:52.800> lot<00:04:52.919> of<00:04:53.120> time<00:04:53.400> in 00:04:53.670 --> 00:04:53.680 align:start position:0% and as a result I spent a lot of time in 00:04:53.680 --> 00:04:54.830 align:start position:0% and as a result I spent a lot of time in research<00:04:54.039> thinking<00:04:54.360> about<00:04:54.560> how<00:04:54.680> you 00:04:54.830 --> 00:04:54.840 align:start position:0% research thinking about how you 00:04:54.840 --> 00:04:56.670 align:start position:0% research thinking about how you aggregate<00:04:55.360> kind<00:04:55.479> of<00:04:55.639> discreet<00:04:56.080> non-numeric 00:04:56.670 --> 00:04:56.680 align:start position:0% aggregate kind of discreet non-numeric 00:04:56.680 --> 00:04:59.510 align:start position:0% aggregate kind of discreet non-numeric answers<00:04:57.160> together<00:04:58.160> uh<00:04:58.600> and<00:04:58.840> this<00:04:59.000> draws<00:04:59.360> from 00:04:59.510 --> 00:04:59.520 align:start position:0% answers together uh and this draws from 00:04:59.520 --> 00:05:01.230 align:start position:0% answers together uh and this draws from the<00:04:59.720> field<00:05:00.039> of<00:05:00.320> social<00:05:00.600> Choice<00:05:00.919> Theory 00:05:01.230 --> 00:05:01.240 align:start position:0% the field of social Choice Theory 00:05:01.240 --> 00:05:02.749 align:start position:0% the field of social Choice Theory frequently<00:05:01.680> this<00:05:01.800> like<00:05:02.039> academic<00:05:02.400> field<00:05:02.639> of 00:05:02.749 --> 00:05:02.759 align:start position:0% frequently this like academic field of 00:05:02.759 --> 00:05:05.150 align:start position:0% frequently this like academic field of how<00:05:02.840> to<00:05:03.039> design<00:05:03.479> good<00:05:03.680> voting<00:05:04.039> systems<00:05:05.039> uh 00:05:05.150 --> 00:05:05.160 align:start position:0% how to design good voting systems uh 00:05:05.160 --> 00:05:06.749 align:start position:0% how to design good voting systems uh voting<00:05:05.479> systems<00:05:05.960> that<00:05:06.120> handle<00:05:06.479> vote 00:05:06.749 --> 00:05:06.759 align:start position:0% voting systems that handle vote 00:05:06.759 --> 00:05:08.430 align:start position:0% voting systems that handle vote splitting<00:05:07.240> well<00:05:07.479> that<00:05:07.600> don't<00:05:07.840> have<00:05:08.000> too<00:05:08.160> much 00:05:08.430 --> 00:05:08.440 align:start position:0% splitting well that don't have too much 00:05:08.440 --> 00:05:10.790 align:start position:0% splitting well that don't have too much tactical<00:05:08.840> voting<00:05:09.639> uh<00:05:09.759> there's<00:05:10.000> all<00:05:10.280> kinds<00:05:10.520> of 00:05:10.790 --> 00:05:10.800 align:start position:0% tactical voting uh there's all kinds of 00:05:10.800 --> 00:05:12.310 align:start position:0% tactical voting uh there's all kinds of complicated<00:05:11.400> questions<00:05:11.960> when<00:05:12.120> when<00:05:12.199> you're 00:05:12.310 --> 00:05:12.320 align:start position:0% complicated questions when when you're 00:05:12.320 --> 00:05:14.510 align:start position:0% complicated questions when when you're trying<00:05:12.479> to<00:05:12.639> Define<00:05:13.240> find<00:05:13.360> a<00:05:13.440> voting<00:05:13.720> system 00:05:14.510 --> 00:05:14.520 align:start position:0% trying to Define find a voting system 00:05:14.520 --> 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they have their own spin<00:05:21.039> on<00:05:21.280> on<00:05:21.479> these<00:05:21.680> kind<00:05:21.800> of<00:05:21.919> vote 00:05:22.150 --> 00:05:22.160 align:start position:0% spin on on these kind of vote 00:05:22.160 --> 00:05:25.110 align:start position:0% spin on on these kind of vote aggregation<00:05:22.759> questions<00:05:23.759> uh<00:05:23.960> in<00:05:24.160> some<00:05:24.440> sense 00:05:25.110 --> 00:05:25.120 align:start position:0% aggregation questions uh in some sense 00:05:25.120 --> 00:05:27.150 align:start position:0% aggregation questions uh in some sense the<00:05:25.280> questions<00:05:25.840> get<00:05:26.160> easier<00:05:26.759> of<00:05:26.880> how<00:05:27.000> to 00:05:27.150 --> 00:05:27.160 align:start position:0% the questions get easier of how to 00:05:27.160 --> 00:05:28.469 align:start position:0% the questions get easier of how to aggregate<00:05:27.639> people's<00:05:28.000> slightly<00:05:28.280> different 00:05:28.469 --> 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you know maybe the question is what<00:05:34.759> is<00:05:34.880> the<00:05:35.000> price<00:05:35.160> of<00:05:35.280> Ethan<00:05:35.639> USD<00:05:36.479> and 00:05:36.590 --> 00:05:36.600 align:start position:0% what is the price of Ethan USD and 00:05:36.600 --> 00:05:38.309 align:start position:0% what is the price of Ethan USD and everybody<00:05:36.880> submits<00:05:37.199> a<00:05:37.280> number<00:05:37.960> now<00:05:38.120> you<00:05:38.199> can 00:05:38.309 --> 00:05:38.319 align:start position:0% everybody submits a number now you can 00:05:38.319 --> 00:05:40.150 align:start position:0% everybody submits a number now you can do<00:05:38.440> number<00:05:38.840> operations<00:05:39.280> on<00:05:39.479> those<00:05:39.600> numbers 00:05:40.150 --> 00:05:40.160 align:start position:0% do number operations on those numbers 00:05:40.160 --> 00:05:42.870 align:start position:0% do number operations on those numbers you<00:05:40.240> can<00:05:40.400> take<00:05:40.560> the<00:05:40.800> average<00:05:41.800> uh<00:05:42.120> or<00:05:42.600> better 00:05:42.870 --> 00:05:42.880 align:start position:0% you can take the average uh or better 00:05:42.880 --> 00:05:44.909 align:start position:0% you can take the average uh or better yet<00:05:43.039> you<00:05:43.120> could<00:05:43.280> take<00:05:43.440> the<00:05:43.560> median<00:05:44.360> uh<00:05:44.520> so<00:05:44.840> if 00:05:44.909 --> 00:05:44.919 align:start position:0% yet you could take the median uh so if 00:05:44.919 --> 00:05:46.390 align:start position:0% yet you could take the median uh so if you<00:05:45.039> think<00:05:45.199> of<00:05:45.440> like<00:05:45.680> the<00:05:45.800> numbers<00:05:46.199> people 00:05:46.390 --> 00:05:46.400 align:start position:0% you think of like the numbers people 00:05:46.400 --> 00:05:48.029 align:start position:0% you think of like the numbers people provide<00:05:46.680> to<00:05:46.800> you<00:05:47.120> like<00:05:47.319> lining<00:05:47.600> them<00:05:47.720> up<00:05:47.840> from 00:05:48.029 --> 00:05:48.039 align:start position:0% provide to you like lining them up from 00:05:48.039 --> 00:05:49.870 align:start position:0% provide to you like lining them up from highest<00:05:48.280> to<00:05:48.440> lowest<00:05:48.919> you<00:05:49.080> take<00:05:49.280> them<00:05:49.680> take<00:05:49.800> the 00:05:49.870 --> 00:05:49.880 align:start position:0% highest to lowest you take them take the 00:05:49.880 --> 00:05:52.070 align:start position:0% highest to lowest you take them take the middle<00:05:50.160> value<00:05:50.560> that<00:05:50.720> that's<00:05:50.880> the<00:05:50.960> median<00:05:51.919> and 00:05:52.070 --> 00:05:52.080 align:start position:0% middle value that that's the median and 00:05:52.080 --> 00:05:53.510 align:start position:0% middle value that that's the median and that's<00:05:52.199> a<00:05:52.360> particularly<00:05:52.800> popular<00:05:53.120> choice<00:05:53.360> for 00:05:53.510 --> 00:05:53.520 align:start position:0% that's a particularly popular choice for 00:05:53.520 --> 00:05:55.790 align:start position:0% that's a particularly popular choice for people<00:05:53.759> that<00:05:53.840> have<00:05:54.000> done<00:05:54.680> number<00:05:54.919> of<00:05:55.080> oracles 00:05:55.790 --> 00:05:55.800 align:start position:0% people that have done number of oracles 00:05:55.800 --> 00:05:58.029 align:start position:0% people that have done number of oracles because<00:05:56.000> it's<00:05:56.240> resistant<00:05:56.639> to<00:05:57.039> outlier 00:05:58.029 --> 00:05:58.039 align:start position:0% because it's resistant to outlier 00:05:58.039 --> 00:06:00.230 align:start position:0% because it's resistant to outlier effects<00:05:58.919> uh<00:05:59.039> if<00:05:59.160> somebody<00:05:59.680> could<00:05:59.840> put<00:06:00.039> some 00:06:00.230 --> 00:06:00.240 align:start position:0% effects uh if somebody could put some 00:06:00.240 --> 00:06:02.350 align:start position:0% effects uh if somebody could put some like<00:06:00.440> crazy<00:06:01.080> extreme<00:06:01.520> value<00:06:02.039> that's<00:06:02.199> not 00:06:02.350 --> 00:06:02.360 align:start position:0% like crazy extreme value that's not 00:06:02.360 --> 00:06:04.510 align:start position:0% like crazy extreme value that's not going<00:06:02.520> to<00:06:02.720> affect<00:06:02.919> the<00:06:03.039> median<00:06:03.520> too<00:06:03.759> much<00:06:04.360> so 00:06:04.510 --> 00:06:04.520 align:start position:0% going to affect the median too much so 00:06:04.520 --> 00:06:06.110 align:start position:0% going to affect the median too much so in<00:06:04.639> some<00:06:04.800> sense<00:06:05.039> this<00:06:05.240> question<00:06:05.520> of<00:06:05.759> like<00:06:05.880> vote 00:06:06.110 --> 00:06:06.120 align:start position:0% in some sense this question of like vote 00:06:06.120 --> 00:06:07.710 align:start position:0% in some sense this question of like vote aggregation<00:06:06.560> is<00:06:06.680> easier<00:06:07.120> than<00:06:07.400> in<00:06:07.520> the 00:06:07.710 --> 00:06:07.720 align:start position:0% aggregation is easier than in the 00:06:07.720 --> 00:06:09.749 align:start position:0% aggregation is easier than in the discreet<00:06:08.120> case<00:06:08.759> but<00:06:08.960> also<00:06:09.240> there<00:06:09.360> are 00:06:09.749 --> 00:06:09.759 align:start position:0% discreet case but also there are 00:06:09.759 --> 00:06:11.150 align:start position:0% discreet case but also there are specific<00:06:10.120> challenges<00:06:10.599> like<00:06:10.759> that<00:06:10.919> that<00:06:11.000> sort 00:06:11.150 --> 00:06:11.160 align:start position:0% specific challenges like that that sort 00:06:11.160 --> 00:06:12.870 align:start position:0% specific challenges like that that sort of<00:06:11.400> precision<00:06:11.880> question<00:06:12.120> I<00:06:12.240> had<00:06:12.360> from<00:06:12.440> a<00:06:12.560> slot 00:06:12.870 --> 00:06:12.880 align:start position:0% of precision question I had from a slot 00:06:12.880 --> 00:06:16.390 align:start position:0% of precision question I had from a slot two<00:06:13.400> ago<00:06:14.400> okay<00:06:15.080> uh<00:06:15.240> and<00:06:15.680> now<00:06:15.840> hitting<00:06:16.080> back<00:06:16.240> the 00:06:16.390 --> 00:06:16.400 align:start position:0% two ago okay uh and now hitting back the 00:06:16.400 --> 00:06:18.870 align:start position:0% two ago okay uh and now hitting back the sort<00:06:16.560> of<00:06:16.880> last<00:06:17.280> ingredient<00:06:18.160> uh<00:06:18.319> before<00:06:18.599> I<00:06:18.720> get 00:06:18.870 --> 00:06:18.880 align:start position:0% sort of last ingredient uh before I get 00:06:18.880 --> 00:06:20.469 align:start position:0% sort of last ingredient uh before I get into<00:06:19.120> the<00:06:19.240> choices<00:06:19.759> different<00:06:19.960> projects<00:06:20.280> have 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you could 00:06:25.840 --> 00:06:27.350 align:start position:0% there's like two basic models you could have<00:06:26.039> here<00:06:26.280> maybe<00:06:26.520> you<00:06:26.599> can<00:06:26.720> do<00:06:26.840> some<00:06:27.120> some 00:06:27.350 --> 00:06:27.360 align:start position:0% have here maybe you can do some some 00:06:27.360 --> 00:06:29.670 align:start position:0% have here maybe you can do some some combination<00:06:27.759> of<00:06:27.919> the<00:06:28.039> two<00:06:28.919> uh<00:06:29.080> but<00:06:29.199> you<00:06:29.319> can 00:06:29.670 --> 00:06:29.680 align:start position:0% combination of the two uh but you can 00:06:29.680 --> 00:06:32.430 align:start position:0% combination of the two uh but you can have<00:06:29.880> either<00:06:30.319> a<00:06:30.599> crowd<00:06:31.039> model<00:06:31.520> or<00:06:31.720> a<00:06:31.960> delegate 00:06:32.430 --> 00:06:32.440 align:start position:0% have either a crowd model or a delegate 00:06:32.440 --> 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align:start position:0% kind of different proof of stake systems uh<00:06:39.680> delegated<00:06:40.120> proof<00:06:40.319> of<00:06:40.440> stake<00:06:40.680> versus 00:06:41.029 --> 00:06:41.039 align:start position:0% uh delegated proof of stake versus 00:06:41.039 --> 00:06:42.309 align:start position:0% uh delegated proof of stake versus something<00:06:41.240> that's<00:06:41.400> more<00:06:41.560> like<00:06:41.720> ethereum 00:06:42.309 --> 00:06:42.319 align:start position:0% something that's more like ethereum 00:06:42.319 --> 00:06:45.390 align:start position:0% something that's more like ethereum style<00:06:42.639> proof<00:06:42.840> of<00:06:43.240> stake<00:06:44.240> uh<00:06:44.599> so<00:06:45.000> the<00:06:45.120> question 00:06:45.390 --> 00:06:45.400 align:start position:0% style proof of stake uh so the question 00:06:45.400 --> 00:06:47.909 align:start position:0% style proof of stake uh so the question is<00:06:46.039> who<00:06:46.240> is<00:06:46.479> doing<00:06:47.080> the<00:06:47.280> thing<00:06:47.560> who<00:06:47.720> is 00:06:47.909 --> 00:06:47.919 align:start position:0% is who is doing the thing who is 00:06:47.919 --> 00:06:50.230 align:start position:0% is who is doing the thing who is providing<00:06:48.360> the<00:06:48.560> information<00:06:49.560> uh<00:06:49.720> in<00:06:50.039> in<00:06:50.120> the 00:06:50.230 --> 00:06:50.240 align:start position:0% providing the information uh in in the 00:06:50.240 --> 00:06:51.790 align:start position:0% providing the information uh in in the proof<00:06:50.479> of<00:06:50.720> in<00:06:50.840> the<00:06:50.960> proof<00:06:51.120> of<00:06:51.240> stake<00:06:51.479> systems 00:06:51.790 --> 00:06:51.800 align:start position:0% proof of in the proof of stake systems 00:06:51.800 --> 00:06:53.670 align:start position:0% proof of in the proof of stake systems and<00:06:51.919> the<00:06:52.000> consensus<00:06:52.400> algorithms<00:06:53.319> who<00:06:53.479> is 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position:0% values uh with the delegated model sort of<00:07:00.759> taking<00:07:01.000> the<00:07:01.120> point<00:07:01.280> of<00:07:01.479> view<00:07:01.800> that<00:07:02.039> like 00:07:02.510 --> 00:07:02.520 align:start position:0% of taking the point of view that like 00:07:02.520 --> 00:07:04.589 align:start position:0% of taking the point of view that like you<00:07:02.639> know<00:07:02.840> these<00:07:03.039> tasks<00:07:03.319> are<00:07:03.520> hard<00:07:04.319> uh<00:07:04.440> maybe 00:07:04.589 --> 00:07:04.599 align:start position:0% you know these tasks are hard uh maybe 00:07:04.599 --> 00:07:06.029 align:start position:0% you know these tasks are hard uh maybe you<00:07:04.680> want<00:07:04.800> an<00:07:04.879> oracle<00:07:05.199> that<00:07:05.280> produces<00:07:05.680> like 00:07:06.029 --> 00:07:06.039 align:start position:0% you want an oracle that produces like 00:07:06.039 --> 00:07:07.909 align:start position:0% you want an oracle that produces like Fast<00:07:06.400> values<00:07:06.800> very<00:07:06.960> frequently<00:07:07.479> you<00:07:07.639> never 00:07:07.909 --> 00:07:07.919 align:start position:0% Fast values very frequently you never 00:07:07.919 --> 00:07:10.350 align:start position:0% Fast values very frequently you never you<00:07:08.000> want<00:07:08.160> like<00:07:08.280> zero<00:07:08.639> down<00:07:08.960> time<00:07:09.879> uh<00:07:10.039> and<00:07:10.160> to 00:07:10.350 --> 00:07:10.360 align:start position:0% you want like zero down time uh and to 00:07:10.360 --> 00:07:12.110 align:start position:0% you want like zero down time uh and to have<00:07:10.520> that<00:07:10.680> kind<00:07:10.840> of<00:07:11.319> reliability<00:07:11.879> you<00:07:11.960> want 00:07:12.110 --> 00:07:12.120 align:start position:0% have that kind of reliability you want 00:07:12.120 --> 00:07:14.749 align:start position:0% have that kind of reliability you want like<00:07:12.199> a<00:07:12.280> beefy<00:07:12.840> institutional<00:07:13.440> actor<00:07:14.360> uh<00:07:14.520> that 00:07:14.749 --> 00:07:14.759 align:start position:0% like a beefy institutional actor uh that 00:07:14.759 --> 00:07:16.110 align:start position:0% like a beefy institutional actor uh that has<00:07:15.160> uh<00:07:15.280> you<00:07:15.360> know<00:07:15.599> like<00:07:15.720> really<00:07:15.919> high 00:07:16.110 --> 00:07:16.120 align:start position:0% has uh you know like really high 00:07:16.120 --> 00:07:17.589 align:start position:0% has uh you know like really high performance<00:07:16.560> Hardware<00:07:16.919> somewhere<00:07:17.280> in<00:07:17.440> some 00:07:17.589 --> 00:07:17.599 align:start position:0% performance Hardware somewhere in some 00:07:17.599 --> 00:07:20.029 align:start position:0% performance Hardware somewhere in some data<00:07:17.840> center<00:07:18.840> uh<00:07:19.039> and<00:07:19.240> thus<00:07:19.599> you<00:07:19.680> know<00:07:19.800> maybe 00:07:20.029 --> 00:07:20.039 align:start position:0% data center uh and thus you know maybe 00:07:20.039 --> 00:07:21.510 align:start position:0% data center uh and thus you know maybe it's<00:07:20.160> not<00:07:20.360> like<00:07:20.720> appropriate<00:07:21.160> for<00:07:21.360> like 00:07:21.510 --> 00:07:21.520 align:start position:0% it's not like appropriate for like 00:07:21.520 --> 00:07:23.350 align:start position:0% it's not like appropriate for like random<00:07:21.879> people<00:07:22.120> to<00:07:22.240> be<00:07:22.440> doing<00:07:22.759> the<00:07:22.960> task<00:07:23.199> of 00:07:23.350 --> 00:07:23.360 align:start position:0% random people to be doing the task of 00:07:23.360 --> 00:07:25.070 align:start position:0% random people to be doing the task of providing<00:07:23.720> the<00:07:23.840> Oracle<00:07:24.160> information<00:07:24.879> or 00:07:25.070 --> 00:07:25.080 align:start position:0% providing the Oracle information or 00:07:25.080 --> 00:07:27.029 align:start position:0% providing the Oracle information or producing<00:07:25.520> the<00:07:25.639> blocks<00:07:26.000> in<00:07:26.160> the<00:07:26.360> consensus 00:07:27.029 --> 00:07:27.039 align:start position:0% producing the blocks in the consensus 00:07:27.039 --> 00:07:29.550 align:start position:0% producing the blocks in the consensus algorithm<00:07:28.039> uh<00:07:28.240> so<00:07:28.479> instead<00:07:28.879> you<00:07:29.120> have<00:07:29.240> them 00:07:29.550 --> 00:07:29.560 align:start position:0% algorithm uh so instead you have them 00:07:29.560 --> 00:07:31.510 align:start position:0% algorithm uh so instead you have them vote<00:07:29.879> on<00:07:30.120> who<00:07:30.280> you<00:07:30.639> like<00:07:30.759> on<00:07:30.960> delegates<00:07:31.360> who 00:07:31.510 --> 00:07:31.520 align:start position:0% vote on who you like on delegates who 00:07:31.520 --> 00:07:34.909 align:start position:0% vote on who you like on delegates who then<00:07:31.639> do<00:07:31.800> the<00:07:31.919> task<00:07:32.199> for<00:07:32.639> you<00:07:33.639> uh<00:07:34.240> and<00:07:34.639> um<00:07:34.840> you 00:07:34.909 --> 00:07:34.919 align:start position:0% then do the task for you uh and um you 00:07:34.919 --> 00:07:35.909 align:start position:0% then do the task for you uh and um you know<00:07:35.039> then<00:07:35.160> the<00:07:35.240> crowd<00:07:35.479> model<00:07:35.720> is<00:07:35.840> the 00:07:35.909 --> 00:07:35.919 align:start position:0% know then the crowd model is the 00:07:35.919 --> 00:07:37.110 align:start position:0% know then the crowd model is the opposite<00:07:36.199> of<00:07:36.360> that<00:07:36.479> you<00:07:36.599> know<00:07:36.720> everybody's 00:07:37.110 --> 00:07:37.120 align:start position:0% opposite of that you know everybody's 00:07:37.120 --> 00:07:39.150 align:start position:0% opposite of that you know everybody's doing<00:07:37.319> the<00:07:37.479> task<00:07:37.800> I<00:07:37.879> can<00:07:38.000> get<00:07:38.120> 32<00:07:38.520> E<00:07:38.800> I<00:07:38.879> can<00:07:38.960> spin 00:07:39.150 --> 00:07:39.160 align:start position:0% doing the task I can get 32 E I can spin 00:07:39.160 --> 00:07:40.869 align:start position:0% doing the task I can get 32 E I can spin up<00:07:39.280> a<00:07:39.400> validator<00:07:39.879> I<00:07:39.960> can<00:07:40.240> I<00:07:40.280> can<00:07:40.400> be<00:07:40.560> part<00:07:40.720> of 00:07:40.869 --> 00:07:40.879 align:start position:0% up a validator I can I can be part of 00:07:40.879 --> 00:07:43.070 align:start position:0% up a validator I can I can be part of proof<00:07:41.080> of<00:07:41.240> stake<00:07:41.840> or<00:07:42.000> in<00:07:42.120> an<00:07:42.240> oracle<00:07:42.680> I<00:07:42.759> can<00:07:42.919> be 00:07:43.070 --> 00:07:43.080 align:start position:0% proof of stake or in an oracle I can be 00:07:43.080 --> 00:07:44.950 align:start position:0% proof of stake or in an oracle I can be the<00:07:43.280> P<00:07:43.599> person<00:07:43.840> that's<00:07:44.080> providing<00:07:44.440> values<00:07:44.759> for 00:07:44.950 --> 00:07:44.960 align:start position:0% the P person that's providing values for 00:07:44.960 --> 00:07:47.350 align:start position:0% the P person that's providing values for the<00:07:45.120> for<00:07:45.240> the<00:07:45.759> Oracle<00:07:46.759> uh<00:07:46.879> and<00:07:47.000> there<00:07:47.080> are<00:07:47.240> of 00:07:47.350 --> 00:07:47.360 align:start position:0% the for the Oracle uh and there are of 00:07:47.360 --> 00:07:49.510 align:start position:0% the for the Oracle uh and there are of course<00:07:47.599> pluses<00:07:47.879> and<00:07:48.120> minuses<00:07:49.120> uh<00:07:49.240> and<00:07:49.360> the 00:07:49.510 --> 00:07:49.520 align:start position:0% course pluses and minuses uh and the 00:07:49.520 --> 00:07:51.430 align:start position:0% course pluses and minuses uh and the crowd<00:07:49.840> model<00:07:50.560> uh<00:07:50.759> you<00:07:50.840> know<00:07:50.960> if<00:07:51.080> you<00:07:51.199> have<00:07:51.319> like 00:07:51.430 --> 00:07:51.440 align:start position:0% crowd model uh you know if you have like 00:07:51.440 --> 00:07:52.909 align:start position:0% crowd model uh you know if you have like lots<00:07:51.599> of<00:07:51.759> people<00:07:51.960> that<00:07:52.080> are<00:07:52.199> doing<00:07:52.560> like<00:07:52.680> a 00:07:52.909 --> 00:07:52.919 align:start position:0% lots of people that are doing like a 00:07:52.919 --> 00:07:55.950 align:start position:0% lots of people that are doing like a task<00:07:53.400> constantly<00:07:53.919> that<00:07:54.039> takes<00:07:54.440> gas<00:07:55.440> uh<00:07:55.599> maybe 00:07:55.950 --> 00:07:55.960 align:start position:0% task constantly that takes gas uh maybe 00:07:55.960 --> 00:07:57.430 align:start position:0% task constantly that takes gas uh maybe you<00:07:56.039> know<00:07:56.319> like<00:07:56.599> normal<00:07:56.879> Hardware<00:07:57.280> they're 00:07:57.430 --> 00:07:57.440 align:start position:0% you know like normal Hardware they're 00:07:57.440 --> 00:07:59.510 align:start position:0% you know like normal Hardware they're not<00:07:58.159> like<00:07:58.319> super<00:07:58.680> fast<00:07:58.960> as<00:07:59.080> fast<00:07:59.240> as 00:07:59.510 --> 00:07:59.520 align:start position:0% not like super fast as fast as 00:07:59.520 --> 00:08:01.309 align:start position:0% not like super fast as fast as institutional<00:08:00.000> actor<00:08:00.560> in<00:08:00.720> the<00:08:00.840> delegated 00:08:01.309 --> 00:08:01.319 align:start position:0% institutional actor in the delegated 00:08:01.319 --> 00:08:02.469 align:start position:0% institutional actor in the delegated model<00:08:01.599> you<00:08:01.720> know<00:08:01.800> there's<00:08:01.960> some<00:08:02.120> risk<00:08:02.360> that 00:08:02.469 --> 00:08:02.479 align:start position:0% model you know there's some risk that 00:08:02.479 --> 00:08:04.110 align:start position:0% model you know there's some risk that the<00:08:02.599> delegates<00:08:03.000> could<00:08:03.159> use<00:08:03.440> their<00:08:03.599> role<00:08:03.879> sure 00:08:04.110 --> 00:08:04.120 align:start position:0% the delegates could use their role sure 00:08:04.120 --> 00:08:06.350 align:start position:0% the delegates could use their role sure they<00:08:04.199> can<00:08:04.319> be<00:08:04.440> voted<00:08:04.720> out<00:08:05.680> uh<00:08:05.879> but<00:08:06.000> you<00:08:06.080> know<00:08:06.199> in 00:08:06.350 --> 00:08:06.360 align:start position:0% they can be voted out uh but you know in 00:08:06.360 --> 00:08:07.710 align:start position:0% they can be voted out uh but you know in any<00:08:06.479> given<00:08:06.759> question<00:08:07.159> they're<00:08:07.520> they're 00:08:07.710 --> 00:08:07.720 align:start position:0% any given question they're they're 00:08:07.720 --> 00:08:09.670 align:start position:0% any given question they're they're they're<00:08:07.879> delegated<00:08:08.680> and<00:08:08.800> you<00:08:08.919> can<00:08:09.240> mitigate 00:08:09.670 --> 00:08:09.680 align:start position:0% they're delegated and you can mitigate 00:08:09.680 --> 00:08:11.189 align:start position:0% they're delegated and you can mitigate that<00:08:09.800> somewhat<00:08:10.159> by<00:08:10.479> aggregating<00:08:11.000> like<00:08:11.120> a 00:08:11.189 --> 00:08:11.199 align:start position:0% that somewhat by aggregating like a 00:08:11.199 --> 00:08:13.270 align:start position:0% that somewhat by aggregating like a bunch<00:08:11.360> of<00:08:11.440> delegates<00:08:11.919> together<00:08:12.680> uh<00:08:13.000> so<00:08:13.159> that 00:08:13.270 --> 00:08:13.280 align:start position:0% bunch of delegates together uh so that 00:08:13.280 --> 00:08:14.110 align:start position:0% bunch of delegates together uh so that you<00:08:13.400> know<00:08:13.479> you'd<00:08:13.639> have<00:08:13.759> to<00:08:13.840> have<00:08:13.919> like<00:08:14.000> some 00:08:14.110 --> 00:08:14.120 align:start position:0% you know you'd have to have like some 00:08:14.120 --> 00:08:15.510 align:start position:0% you know you'd have to have like some collusion<00:08:14.479> or<00:08:14.560> something<00:08:14.800> for<00:08:14.960> them<00:08:15.080> to<00:08:15.240> crop 00:08:15.510 --> 00:08:15.520 align:start position:0% collusion or something for them to crop 00:08:15.520 --> 00:08:18.790 align:start position:0% collusion or something for them to crop an<00:08:15.960> answer<00:08:16.960> uh<00:08:17.319> and<00:08:17.759> now<00:08:18.120> to<00:08:18.400> sort<00:08:18.599> of 00:08:18.790 --> 00:08:18.800 align:start position:0% an answer uh and now to sort of 00:08:18.800 --> 00:08:20.189 align:start position:0% an answer uh and now to sort of summarize<00:08:19.319> some<00:08:19.400> of<00:08:19.479> the<00:08:19.599> different<00:08:19.759> choices 00:08:20.189 --> 00:08:20.199 align:start position:0% summarize some of the different choices 00:08:20.199 --> 00:08:22.469 align:start position:0% summarize some of the different choices people<00:08:20.440> have<00:08:20.639> made<00:08:20.919> over<00:08:21.199> time<00:08:22.039> uh<00:08:22.199> I'm<00:08:22.319> going 00:08:22.469 --> 00:08:22.479 align:start position:0% people have made over time uh I'm going 00:08:22.479 --> 00:08:24.869 align:start position:0% people have made over time uh I'm going to<00:08:22.639> start<00:08:22.919> with<00:08:23.159> like<00:08:23.560> the<00:08:23.720> beginning<00:08:24.319> of<00:08:24.759> the 00:08:24.869 --> 00:08:24.879 align:start position:0% to start with like the beginning of the 00:08:24.879 --> 00:08:26.790 align:start position:0% to start with like the beginning of the history<00:08:25.199> of<00:08:25.319> this<00:08:25.560> problem<00:08:26.319> uh<00:08:26.440> which<00:08:26.560> is<00:08:26.639> a 00:08:26.790 --> 00:08:26.800 align:start position:0% history of this problem uh which is a 00:08:26.800 --> 00:08:29.710 align:start position:0% history of this problem uh which is a blog<00:08:27.120> post<00:08:27.520> by<00:08:27.720> vitalic<00:08:28.199> back<00:08:28.319> in<00:08:28.440> 2014<00:08:29.520> called 00:08:29.710 --> 00:08:29.720 align:start position:0% blog post by vitalic back in 2014 called 00:08:29.720 --> 00:08:31.230 align:start position:0% blog post by vitalic back in 2014 called he<00:08:29.840> called<00:08:30.039> shelling<00:08:30.400> coin<00:08:30.680> so<00:08:30.840> this<00:08:30.960> is<00:08:31.120> the 00:08:31.230 --> 00:08:31.240 align:start position:0% he called shelling coin so this is the 00:08:31.240 --> 00:08:33.070 align:start position:0% he called shelling coin so this is the dawn<00:08:31.479> of<00:08:31.639> ethereum<00:08:32.320> this<00:08:32.479> post<00:08:32.680> was<00:08:32.880> actually 00:08:33.070 --> 00:08:33.080 align:start position:0% dawn of ethereum this post was actually 00:08:33.080 --> 00:08:34.269 align:start position:0% dawn of ethereum this post was actually a<00:08:33.159> lot<00:08:33.279> of<00:08:33.479> the<00:08:33.680> like<00:08:33.800> one<00:08:33.919> of<00:08:34.000> the<00:08:34.080> big 00:08:34.269 --> 00:08:34.279 align:start position:0% a lot of the like one of the big 00:08:34.279 --> 00:08:36.230 align:start position:0% a lot of the like one of the big Inspirations<00:08:34.800> for<00:08:35.159> what<00:08:35.320> became<00:08:35.560> claros 00:08:36.230 --> 00:08:36.240 align:start position:0% Inspirations for what became claros 00:08:36.240 --> 00:08:38.310 align:start position:0% Inspirations for what became claros ultimately<00:08:37.240> uh<00:08:37.399> and<00:08:37.560> he<00:08:37.640> was<00:08:37.800> thinking<00:08:38.080> about 00:08:38.310 --> 00:08:38.320 align:start position:0% ultimately uh and he was thinking about 00:08:38.320 --> 00:08:40.269 align:start position:0% ultimately uh and he was thinking about this<00:08:38.440> sort<00:08:38.640> of<00:08:38.880> like<00:08:39.240> price<00:08:39.519> Oracle<00:08:39.959> question 00:08:40.269 --> 00:08:40.279 align:start position:0% this sort of like price Oracle question 00:08:40.279 --> 00:08:43.909 align:start position:0% this sort of like price Oracle question again<00:08:41.279> uh<00:08:41.560> where<00:08:42.479> his<00:08:42.880> proposal<00:08:43.279> is<00:08:43.560> okay<00:08:43.800> I 00:08:43.909 --> 00:08:43.919 align:start position:0% again uh where his proposal is okay I 00:08:43.919 --> 00:08:45.550 align:start position:0% again uh where his proposal is okay I have<00:08:44.120> people<00:08:44.440> that<00:08:44.600> each<00:08:44.760> submit<00:08:45.200> a<00:08:45.240> number 00:08:45.550 --> 00:08:45.560 align:start position:0% have people that each submit a number 00:08:45.560 --> 00:08:47.949 align:start position:0% have people that each submit a number value<00:08:46.360> uh<00:08:46.440> you<00:08:46.560> output<00:08:46.880> the<00:08:46.959> median<00:08:47.519> so<00:08:47.720> far 00:08:47.949 --> 00:08:47.959 align:start position:0% value uh you output the median so far 00:08:47.959 --> 00:08:50.750 align:start position:0% value uh you output the median so far that's<00:08:48.279> kind<00:08:48.399> of<00:08:48.560> normal<00:08:49.360> uh<00:08:49.519> and<00:08:49.720> then<00:08:50.200> his<00:08:50.640> uh 00:08:50.750 --> 00:08:50.760 align:start position:0% that's kind of normal uh and then his uh 00:08:50.760 --> 00:08:52.470 align:start position:0% that's kind of normal uh and then his uh incentive<00:08:51.240> function<00:08:51.640> was<00:08:51.800> that<00:08:51.920> you<00:08:52.040> reward 00:08:52.470 --> 00:08:52.480 align:start position:0% incentive function was that you reward 00:08:52.480 --> 00:08:55.030 align:start position:0% incentive function was that you reward people<00:08:52.680> in<00:08:52.800> the<00:08:52.959> 25<00:08:53.360> to<00:08:53.519> 75%<00:08:54.120> range<00:08:54.560> so<00:08:54.760> people 00:08:55.030 --> 00:08:55.040 align:start position:0% people in the 25 to 75% range so people 00:08:55.040 --> 00:08:58.110 align:start position:0% people in the 25 to 75% range so people who<00:08:55.279> have<00:08:56.080> middle<00:08:56.560> values<00:08:57.399> are<00:08:57.560> rewarded<00:08:57.959> and 00:08:58.110 --> 00:08:58.120 align:start position:0% who have middle values are rewarded and 00:08:58.120 --> 00:08:59.550 align:start position:0% who have middle values are rewarded and people<00:08:58.320> who<00:08:58.519> have<00:08:58.680> extreme<00:08:59.000> values<00:08:59.240> are<00:08:59.440> are 00:08:59.550 --> 00:08:59.560 align:start position:0% people who have extreme values are are 00:08:59.560 --> 00:09:01.069 align:start position:0% people who have extreme values are are not<00:08:59.720> rewarded<00:09:00.079> maybe<00:09:00.240> they're 00:09:01.069 --> 00:09:01.079 align:start position:0% not rewarded maybe they're 00:09:01.079 --> 00:09:03.590 align:start position:0% not rewarded maybe they're penalized<00:09:02.079> uh<00:09:02.440> he<00:09:02.680> didn't<00:09:03.000> explicitly<00:09:03.440> say 00:09:03.590 --> 00:09:03.600 align:start position:0% penalized uh he didn't explicitly say 00:09:03.600 --> 00:09:05.430 align:start position:0% penalized uh he didn't explicitly say who<00:09:03.720> the<00:09:03.800> participant<00:09:04.240> should<00:09:04.440> be<00:09:05.200> uh<00:09:05.320> he 00:09:05.430 --> 00:09:05.440 align:start position:0% who the participant should be uh he 00:09:05.440 --> 00:09:06.509 align:start position:0% who the participant should be uh he assumed<00:09:05.760> that<00:09:05.839> you<00:09:05.920> had<00:09:06.000> some<00:09:06.079> kind<00:09:06.200> of<00:09:06.279> Cil 00:09:06.509 --> 00:09:06.519 align:start position:0% assumed that you had some kind of Cil 00:09:06.519 --> 00:09:07.949 align:start position:0% assumed that you had some kind of Cil resistance<00:09:06.880> tool<00:09:07.240> so<00:09:07.440> this<00:09:07.560> could<00:09:07.680> be<00:09:07.760> either 00:09:07.949 --> 00:09:07.959 align:start position:0% resistance tool so this could be either 00:09:07.959 --> 00:09:09.750 align:start position:0% resistance tool so this could be either delegated<00:09:08.399> or<00:09:08.519> crowd<00:09:08.920> depending<00:09:09.200> on<00:09:09.399> exactly 00:09:09.750 --> 00:09:09.760 align:start position:0% delegated or crowd depending on exactly 00:09:09.760 --> 00:09:12.069 align:start position:0% delegated or crowd depending on exactly what<00:09:09.920> that<00:09:10.600> resistance<00:09:11.079> tool<00:09:11.320> looks<00:09:11.519> like<00:09:11.959> but 00:09:12.069 --> 00:09:12.079 align:start position:0% what that resistance tool looks like but 00:09:12.079 --> 00:09:13.750 align:start position:0% what that resistance tool looks like but you<00:09:12.160> can<00:09:12.320> certainly<00:09:12.680> imagine<00:09:13.040> like<00:09:13.200> a<00:09:13.360> crowd 00:09:13.750 --> 00:09:13.760 align:start position:0% you can certainly imagine like a crowd 00:09:13.760 --> 00:09:16.590 align:start position:0% you can certainly imagine like a crowd version<00:09:14.160> of<00:09:14.399> this<00:09:15.360> uh<00:09:15.920> and<00:09:16.040> now<00:09:16.200> here<00:09:16.399> note 00:09:16.590 --> 00:09:16.600 align:start position:0% version of this uh and now here note 00:09:16.600 --> 00:09:19.550 align:start position:0% version of this uh and now here note that<00:09:16.720> this<00:09:16.839> like<00:09:17.000> 25<00:09:17.519> 70%<00:09:18.040> rule<00:09:18.920> uh<00:09:19.200> now<00:09:19.440> the 00:09:19.550 --> 00:09:19.560 align:start position:0% that this like 25 70% rule uh now the 00:09:19.560 --> 00:09:20.910 align:start position:0% that this like 25 70% rule uh now the notion<00:09:19.760> of<00:09:19.880> being<00:09:20.120> close<00:09:20.360> to<00:09:20.480> the<00:09:20.560> answer<00:09:20.800> of 00:09:20.910 --> 00:09:20.920 align:start position:0% notion of being close to the answer of 00:09:20.920 --> 00:09:22.710 align:start position:0% notion of being close to the answer of being<00:09:21.120> rewarded<00:09:22.000> uh<00:09:22.160> close<00:09:22.360> enough<00:09:22.519> to<00:09:22.600> be 00:09:22.710 --> 00:09:22.720 align:start position:0% being rewarded uh close enough to be 00:09:22.720 --> 00:09:24.350 align:start position:0% being rewarded uh close enough to be rewarded<00:09:23.120> is<00:09:23.240> being<00:09:23.560> closer<00:09:23.920> than<00:09:24.120> other 00:09:24.350 --> 00:09:24.360 align:start position:0% rewarded is being closer than other 00:09:24.360 --> 00:09:26.389 align:start position:0% rewarded is being closer than other people<00:09:25.040> not<00:09:25.200> just<00:09:25.360> close<00:09:25.560> to<00:09:25.680> the<00:09:25.839> value<00:09:26.200> but 00:09:26.389 --> 00:09:26.399 align:start position:0% people not just close to the value but 00:09:26.399 --> 00:09:28.110 align:start position:0% people not just close to the value but like<00:09:26.560> I<00:09:26.680> have<00:09:26.760> to<00:09:26.880> beat<00:09:27.079> out<00:09:27.240> somebody<00:09:27.519> else 00:09:28.110 --> 00:09:28.120 align:start position:0% like I have to beat out somebody else 00:09:28.120 --> 00:09:30.069 align:start position:0% like I have to beat out somebody else everybody<00:09:28.480> can<00:09:28.600> be<00:09:28.760> within<00:09:28.959> 1%<00:09:29.640> not<00:09:29.800> everybody 00:09:30.069 --> 00:09:30.079 align:start position:0% everybody can be within 1% not everybody 00:09:30.079 --> 00:09:32.870 align:start position:0% everybody can be within 1% not everybody can<00:09:30.160> be<00:09:30.320> within<00:09:30.480> the<00:09:30.560> middle<00:09:31.040> 50<00:09:31.399> 50 00:09:32.870 --> 00:09:32.880 align:start position:0% can be within the middle 50 50 00:09:32.880 --> 00:09:37.190 align:start position:0% can be within the middle 50 50 percentile<00:09:33.880> uh<00:09:34.279> so<00:09:35.040> moving<00:09:35.320> on<00:09:35.519> in<00:09:35.959> history<00:09:36.959> uh 00:09:37.190 --> 00:09:37.200 align:start position:0% percentile uh so moving on in history uh 00:09:37.200 --> 00:09:39.190 align:start position:0% percentile uh so moving on in history uh like<00:09:37.560> the<00:09:37.920> big<00:09:38.200> Oracle<00:09:38.640> provider<00:09:39.000> at<00:09:39.079> least 00:09:39.190 --> 00:09:39.200 align:start position:0% like the big Oracle provider at least 00:09:39.200 --> 00:09:40.670 align:start position:0% like the big Oracle provider at least for<00:09:39.320> Price<00:09:39.480> oracles<00:09:39.839> now<00:09:40.000> is<00:09:40.079> chain<00:09:40.320> link<00:09:40.519> so 00:09:40.670 --> 00:09:40.680 align:start position:0% for Price oracles now is chain link so 00:09:40.680 --> 00:09:42.230 align:start position:0% for Price oracles now is chain link so I'll<00:09:40.839> I'll<00:09:41.000> summarize<00:09:41.399> what<00:09:41.519> they<00:09:41.640> do<00:09:41.920> and<00:09:42.079> how 00:09:42.230 --> 00:09:42.240 align:start position:0% I'll I'll summarize what they do and how 00:09:42.240 --> 00:09:43.949 align:start position:0% I'll I'll summarize what they do and how that's<00:09:42.480> kind<00:09:42.640> of<00:09:42.920> you<00:09:43.040> know<00:09:43.279> there's<00:09:43.560> choices 00:09:43.949 --> 00:09:43.959 align:start position:0% that's kind of you know there's choices 00:09:43.959 --> 00:09:46.110 align:start position:0% that's kind of you know there's choices evolved<00:09:44.399> from<00:09:44.959> from<00:09:45.240> what<00:09:45.399> shelling<00:09:45.800> coin 00:09:46.110 --> 00:09:46.120 align:start position:0% evolved from from what shelling coin 00:09:46.120 --> 00:09:48.230 align:start position:0% evolved from from what shelling coin proposed<00:09:47.079> uh<00:09:47.200> so<00:09:47.399> here<00:09:47.560> they<00:09:47.720> have<00:09:47.959> like<00:09:48.079> a 00:09:48.230 --> 00:09:48.240 align:start position:0% proposed uh so here they have like a 00:09:48.240 --> 00:09:50.509 align:start position:0% proposed uh so here they have like a Marketplace<00:09:48.839> of<00:09:49.000> nodes<00:09:49.440> that<00:09:49.680> provide<00:09:50.079> Oracle 00:09:50.509 --> 00:09:50.519 align:start position:0% Marketplace of nodes that provide Oracle 00:09:50.519 --> 00:09:52.910 align:start position:0% Marketplace of nodes that provide Oracle information<00:09:51.480> those<00:09:51.640> nodes<00:09:51.920> are<00:09:52.120> supposed<00:09:52.480> to 00:09:52.910 --> 00:09:52.920 align:start position:0% information those nodes are supposed to 00:09:52.920 --> 00:09:54.590 align:start position:0% information those nodes are supposed to take<00:09:53.240> information<00:09:53.560> from<00:09:53.720> reliable<00:09:54.120> sources 00:09:54.590 --> 00:09:54.600 align:start position:0% take information from reliable sources 00:09:54.600 --> 00:09:57.310 align:start position:0% take information from reliable sources coin<00:09:54.880> gecko<00:09:55.240> kico<00:09:55.680> whatever<00:09:56.680> uh<00:09:56.959> and<00:09:57.079> then<00:09:57.200> a 00:09:57.310 --> 00:09:57.320 align:start position:0% coin gecko kico whatever uh and then a 00:09:57.320 --> 00:09:59.870 align:start position:0% coin gecko kico whatever uh and then a given<00:09:57.600> price<00:09:58.160> feed<00:09:58.640> has<00:09:58.920> a<00:09:59.040> bunch<00:09:59.519> of<00:09:59.600> nodes 00:09:59.870 --> 00:09:59.880 align:start position:0% given price feed has a bunch of nodes 00:09:59.880 --> 00:10:02.190 align:start position:0% given price feed has a bunch of nodes that<00:10:00.000> are<00:10:00.160> sort<00:10:00.279> of<00:10:00.600> delegated<00:10:01.040> into<00:10:01.240> it<00:10:02.040> uh 00:10:02.190 --> 00:10:02.200 align:start position:0% that are sort of delegated into it uh 00:10:02.200 --> 00:10:03.990 align:start position:0% that are sort of delegated into it uh and<00:10:02.279> you<00:10:02.440> output<00:10:02.839> the<00:10:02.959> median<00:10:03.560> of<00:10:03.880> the 00:10:03.990 --> 00:10:04.000 align:start position:0% and you output the median of the 00:10:04.000 --> 00:10:05.389 align:start position:0% and you output the median of the different<00:10:04.240> nodes<00:10:04.720> and<00:10:04.839> those<00:10:05.000> nodes<00:10:05.240> are 00:10:05.389 --> 00:10:05.399 align:start position:0% different nodes and those nodes are 00:10:05.399 --> 00:10:08.190 align:start position:0% different nodes and those nodes are rewarded<00:10:05.800> for<00:10:06.000> their<00:10:06.240> payment<00:10:06.640> for<00:10:07.200> services 00:10:08.190 --> 00:10:08.200 align:start position:0% rewarded for their payment for services 00:10:08.200 --> 00:10:11.949 align:start position:0% rewarded for their payment for services uh<00:10:08.600> so<00:10:09.399> in<00:10:09.519> some<00:10:09.720> sense<00:10:10.040> this<00:10:10.200> is<00:10:10.560> crowd<00:10:11.000> is<00:10:11.839> uh 00:10:11.949 --> 00:10:11.959 align:start position:0% uh so in some sense this is crowd is uh 00:10:11.959 --> 00:10:12.949 align:start position:0% uh so in some sense this is crowd is uh because<00:10:12.160> there's<00:10:12.320> this<00:10:12.480> Marketplace 00:10:12.949 --> 00:10:12.959 align:start position:0% because there's this Marketplace 00:10:12.959 --> 00:10:14.470 align:start position:0% because there's this Marketplace everybody<00:10:13.240> can<00:10:13.360> participate<00:10:13.839> I<00:10:14.000> to<00:10:14.200> can<00:10:14.279> spin 00:10:14.470 --> 00:10:14.480 align:start position:0% everybody can participate I to can spin 00:10:14.480 --> 00:10:17.389 align:start position:0% everybody can participate I to can spin up<00:10:14.600> a<00:10:14.680> chain<00:10:15.040> chain<00:10:15.200> Lan<00:10:15.760> uh<00:10:15.880> node<00:10:16.720> uh<00:10:16.839> but<00:10:17.040> in 00:10:17.389 --> 00:10:17.399 align:start position:0% up a chain chain Lan uh node uh but in 00:10:17.399 --> 00:10:19.550 align:start position:0% up a chain chain Lan uh node uh but in practice<00:10:18.399> uh<00:10:18.519> it<00:10:18.680> winds<00:10:18.959> up<00:10:19.120> being<00:10:19.279> more<00:10:19.440> like 00:10:19.550 --> 00:10:19.560 align:start position:0% practice uh it winds up being more like 00:10:19.560 --> 00:10:22.069 align:start position:0% practice uh it winds up being more like a<00:10:19.680> delegated<00:10:20.120> system<00:10:20.720> uh<00:10:20.839> because<00:10:21.079> any<00:10:21.360> given 00:10:22.069 --> 00:10:22.079 align:start position:0% a delegated system uh because any given 00:10:22.079 --> 00:10:24.990 align:start position:0% a delegated system uh because any given price<00:10:22.320> feed<00:10:22.839> has<00:10:23.079> some<00:10:23.560> some<00:10:23.760> nodes<00:10:24.120> selected 00:10:24.990 --> 00:10:25.000 align:start position:0% price feed has some some nodes selected 00:10:25.000 --> 00:10:26.030 align:start position:0% price feed has some some nodes selected uh<00:10:25.120> and<00:10:25.200> then<00:10:25.320> if<00:10:25.360> you<00:10:25.480> want<00:10:25.560> to<00:10:25.640> get<00:10:25.760> rid<00:10:25.920> of 00:10:26.030 --> 00:10:26.040 align:start position:0% uh and then if you want to get rid of 00:10:26.040 --> 00:10:28.269 align:start position:0% uh and then if you want to get rid of them<00:10:26.399> that<00:10:27.000> that<00:10:27.680> goes<00:10:27.880> back<00:10:28.000> to<00:10:28.120> this 00:10:28.269 --> 00:10:28.279 align:start position:0% them that that goes back to this 00:10:28.279 --> 00:10:29.470 align:start position:0% them that that goes back to this question<00:10:28.480> of<00:10:28.640> like<00:10:28.760> voting<00:10:29.040> them<00:10:29.160> out<00:10:29.360> through 00:10:29.470 --> 00:10:29.480 align:start position:0% question of like voting them out through 00:10:29.480 --> 00:10:31.590 align:start position:0% question of like voting them out through a<00:10:29.560> governance<00:10:30.000> process<00:10:30.880> uh<00:10:31.040> if<00:10:31.120> I<00:10:31.240> have<00:10:31.399> like<00:10:31.480> a 00:10:31.590 --> 00:10:31.600 align:start position:0% a governance process uh if I have like a 00:10:31.600 --> 00:10:32.910 align:start position:0% a governance process uh if I have like a price<00:10:31.800> feed<00:10:31.959> that's<00:10:32.079> used<00:10:32.279> by<00:10:32.360> a<00:10:32.440> big<00:10:32.560> defi 00:10:32.910 --> 00:10:32.920 align:start position:0% price feed that's used by a big defi 00:10:32.920 --> 00:10:34.710 align:start position:0% price feed that's used by a big defi application<00:10:33.320> like<00:10:33.480> compound<00:10:33.880> or<00:10:34.040> something 00:10:34.710 --> 00:10:34.720 align:start position:0% application like compound or something 00:10:34.720 --> 00:10:36.310 align:start position:0% application like compound or something like<00:10:34.800> if<00:10:34.920> one<00:10:35.000> of<00:10:35.079> the<00:10:35.160> nodes<00:10:35.399> does<00:10:35.560> a<00:10:35.720> bad<00:10:35.920> job 00:10:36.310 --> 00:10:36.320 align:start position:0% like if one of the nodes does a bad job 00:10:36.320 --> 00:10:37.750 align:start position:0% like if one of the nodes does a bad job then<00:10:36.519> you<00:10:36.720> correct<00:10:37.079> that<00:10:37.279> by<00:10:37.399> going<00:10:37.560> on<00:10:37.639> the 00:10:37.750 --> 00:10:37.760 align:start position:0% then you correct that by going on the 00:10:37.760 --> 00:10:39.310 align:start position:0% then you correct that by going on the compound<00:10:38.079> forum<00:10:38.480> and<00:10:38.600> having<00:10:38.800> a<00:10:38.959> proposal 00:10:39.310 --> 00:10:39.320 align:start position:0% compound forum and having a proposal 00:10:39.320 --> 00:10:40.670 align:start position:0% compound forum and having a proposal that<00:10:39.440> looks<00:10:39.639> kind<00:10:39.760> of<00:10:39.920> like<00:10:40.120> this<00:10:40.519> where 00:10:40.670 --> 00:10:40.680 align:start position:0% that looks kind of like this where 00:10:40.680 --> 00:10:42.069 align:start position:0% that looks kind of like this where you're<00:10:40.839> like<00:10:41.000> please<00:10:41.160> change<00:10:41.440> the<00:10:41.560> price<00:10:41.760> feed 00:10:42.069 --> 00:10:42.079 align:start position:0% you're like please change the price feed 00:10:42.079 --> 00:10:43.629 align:start position:0% you're like please change the price feed update<00:10:42.360> and<00:10:42.519> get<00:10:42.639> rid<00:10:42.760> of<00:10:42.880> that 00:10:43.629 --> 00:10:43.639 align:start position:0% update and get rid of that 00:10:43.639 --> 00:10:47.190 align:start position:0% update and get rid of that note<00:10:44.639> um<00:10:45.279> so<00:10:45.600> now<00:10:45.720> to<00:10:45.920> like<00:10:46.240> to<00:10:46.440> like<00:10:46.639> just<00:10:46.959> wrap 00:10:47.190 --> 00:10:47.200 align:start position:0% note um so now to like to like just wrap 00:10:47.200 --> 00:10:48.910 align:start position:0% note um so now to like to like just wrap up<00:10:47.360> this<00:10:47.560> question<00:10:47.800> of<00:10:48.079> like<00:10:48.399> delegated 00:10:48.910 --> 00:10:48.920 align:start position:0% up this question of like delegated 00:10:48.920 --> 00:10:51.389 align:start position:0% up this question of like delegated versus<00:10:49.279> crowd<00:10:50.240> uh<00:10:50.360> here's<00:10:50.519> a<00:10:50.720> sort<00:10:50.839> of<00:10:51.000> partial 00:10:51.389 --> 00:10:51.399 align:start position:0% versus crowd uh here's a sort of partial 00:10:51.399 --> 00:10:54.030 align:start position:0% versus crowd uh here's a sort of partial list<00:10:51.639> of<00:10:51.839> different<00:10:52.120> projects<00:10:52.480> over<00:10:52.760> time<00:10:53.120> and 00:10:54.030 --> 00:10:54.040 align:start position:0% list of different projects over time and 00:10:54.040 --> 00:10:55.269 align:start position:0% list of different projects over time and there's<00:10:54.240> kind<00:10:54.360> of<00:10:54.440> a<00:10:54.560> spectrum<00:10:54.920> you<00:10:55.000> can<00:10:55.079> be 00:10:55.269 --> 00:10:55.279 align:start position:0% there's kind of a spectrum you can be 00:10:55.279 --> 00:10:56.790 align:start position:0% there's kind of a spectrum you can be sort<00:10:55.399> of<00:10:55.480> in<00:10:55.600> the<00:10:55.639> middle<00:10:55.880> but<00:10:56.120> like<00:10:56.480> more<00:10:56.639> or 00:10:56.790 --> 00:10:56.800 align:start position:0% sort of in the middle but like more or 00:10:56.800 --> 00:10:59.310 align:start position:0% sort of in the middle but like more or less<00:10:57.000> clustered<00:10:57.399> into<00:10:57.639> the<00:10:57.760> two<00:10:58.000> sides<00:10:58.920> uh 00:10:59.310 --> 00:10:59.320 align:start position:0% less clustered into the two sides uh 00:10:59.320 --> 00:11:01.030 align:start position:0% less clustered into the two sides uh Acer<00:10:59.639> had<00:10:59.760> an<00:10:59.880> internal<00:11:00.279> price<00:11:00.480> Oracle<00:11:00.839> for 00:11:01.030 --> 00:11:01.040 align:start position:0% Acer had an internal price Oracle for 00:11:01.040 --> 00:11:04.350 align:start position:0% Acer had an internal price Oracle for their<00:11:01.320> their<00:11:01.680> die<00:11:01.920> stable<00:11:02.399> coin<00:11:03.399> uh<00:11:03.639> and<00:11:04.240> it's 00:11:04.350 --> 00:11:04.360 align:start position:0% their their die stable coin uh and it's 00:11:04.360 --> 00:11:05.710 align:start position:0% their their die stable coin uh and it's older<00:11:04.600> than<00:11:04.680> anything<00:11:04.880> else<00:11:05.000> on<00:11:05.160> this<00:11:05.279> table 00:11:05.710 --> 00:11:05.720 align:start position:0% older than anything else on this table 00:11:05.720 --> 00:11:07.150 align:start position:0% older than anything else on this table so<00:11:06.040> like<00:11:06.160> they<00:11:06.320> had<00:11:06.440> more<00:11:06.519> of<00:11:06.600> a<00:11:06.720> delegated 00:11:07.150 --> 00:11:07.160 align:start position:0% so like they had more of a delegated 00:11:07.160 --> 00:11:09.269 align:start position:0% so like they had more of a delegated model<00:11:07.959> uh<00:11:08.120> really<00:11:08.360> all<00:11:08.600> the<00:11:08.720> price<00:11:08.959> Oracle 00:11:09.269 --> 00:11:09.279 align:start position:0% model uh really all the price Oracle 00:11:09.279 --> 00:11:10.550 align:start position:0% model uh really all the price Oracle things<00:11:09.480> have<00:11:09.639> this<00:11:09.839> have<00:11:10.000> this<00:11:10.120> delegated 00:11:10.550 --> 00:11:10.560 align:start position:0% things have this have this delegated 00:11:10.560 --> 00:11:12.629 align:start position:0% things have this have this delegated model<00:11:10.839> which<00:11:10.920> is<00:11:11.120> probably<00:11:11.639> the<00:11:11.760> only<00:11:12.320> like 00:11:12.629 --> 00:11:12.639 align:start position:0% model which is probably the only like 00:11:12.639 --> 00:11:14.150 align:start position:0% model which is probably the only like practical<00:11:13.040> choice<00:11:13.240> you<00:11:13.320> could<00:11:13.480> make<00:11:13.639> at<00:11:13.720> least 00:11:14.150 --> 00:11:14.160 align:start position:0% practical choice you could make at least 00:11:14.160 --> 00:11:16.470 align:start position:0% practical choice you could make at least historically<00:11:15.160> uh<00:11:15.480> because<00:11:15.920> if<00:11:16.000> you<00:11:16.120> want<00:11:16.320> a 00:11:16.470 --> 00:11:16.480 align:start position:0% historically uh because if you want a 00:11:16.480 --> 00:11:18.069 align:start position:0% historically uh because if you want a price<00:11:16.720> Oracle<00:11:17.040> that<00:11:17.120> updates<00:11:17.639> you<00:11:17.800> know<00:11:17.920> in 00:11:18.069 --> 00:11:18.079 align:start position:0% price Oracle that updates you know in 00:11:18.079 --> 00:11:20.629 align:start position:0% price Oracle that updates you know in real<00:11:18.360> time<00:11:18.560> for<00:11:18.720> defi<00:11:19.360> applications<00:11:20.360> you<00:11:20.480> know 00:11:20.629 --> 00:11:20.639 align:start position:0% real time for defi applications you know 00:11:20.639 --> 00:11:22.470 align:start position:0% real time for defi applications you know you<00:11:20.800> can't<00:11:21.079> have<00:11:21.720> huge<00:11:21.959> crowds<00:11:22.240> of<00:11:22.320> people 00:11:22.470 --> 00:11:22.480 align:start position:0% you can't have huge crowds of people 00:11:22.480 --> 00:11:24.110 align:start position:0% you can't have huge crowds of people voting<00:11:22.760> constantly<00:11:23.200> the<00:11:23.320> gas<00:11:23.480> would<00:11:23.600> be<00:11:23.720> crazy 00:11:24.110 --> 00:11:24.120 align:start position:0% voting constantly the gas would be crazy 00:11:24.120 --> 00:11:25.430 align:start position:0% voting constantly the gas would be crazy people<00:11:24.279> aren't<00:11:24.560> performant<00:11:25.000> enough<00:11:25.200> to<00:11:25.279> do 00:11:25.430 --> 00:11:25.440 align:start position:0% people aren't performant enough to do 00:11:25.440 --> 00:11:27.150 align:start position:0% people aren't performant enough to do that<00:11:26.240> uh<00:11:26.360> the<00:11:26.519> stuff<00:11:26.639> on<00:11:26.760> the<00:11:26.839> other<00:11:27.000> side 00:11:27.150 --> 00:11:27.160 align:start position:0% that uh the stuff on the other side 00:11:27.160 --> 00:11:30.829 align:start position:0% that uh the stuff on the other side that's<00:11:27.320> more<00:11:27.480> crowd<00:11:28.440> uh<00:11:28.600> claros<00:11:29.560> Uma<00:11:30.560> you<00:11:30.639> know 00:11:30.829 --> 00:11:30.839 align:start position:0% that's more crowd uh claros Uma you know 00:11:30.839 --> 00:11:32.629 align:start position:0% that's more crowd uh claros Uma you know have<00:11:31.040> more<00:11:31.360> like<00:11:31.560> individual<00:11:32.000> one-off<00:11:32.399> cases 00:11:32.629 --> 00:11:32.639 align:start position:0% have more like individual one-off cases 00:11:32.639 --> 00:11:34.430 align:start position:0% have more like individual one-off cases involving<00:11:32.959> human<00:11:33.279> effort<00:11:33.560> so<00:11:33.720> it's<00:11:33.839> not<00:11:34.160> super 00:11:34.430 --> 00:11:34.440 align:start position:0% involving human effort so it's not super 00:11:34.440 --> 00:11:35.870 align:start position:0% involving human effort so it's not super important<00:11:34.800> that<00:11:34.959> people<00:11:35.120> are<00:11:35.399> up<00:11:35.560> to<00:11:35.680> you<00:11:35.760> know 00:11:35.870 --> 00:11:35.880 align:start position:0% important that people are up to you know 00:11:35.880 --> 00:11:39.430 align:start position:0% important that people are up to you know voting<00:11:36.120> in<00:11:36.279> real<00:11:36.880> time<00:11:37.880> uh<00:11:38.360> Nest<00:11:38.959> has<00:11:39.120> a<00:11:39.279> sort 00:11:39.430 --> 00:11:39.440 align:start position:0% voting in real time uh Nest has a sort 00:11:39.440 --> 00:11:41.550 align:start position:0% voting in real time uh Nest has a sort of<00:11:39.519> an<00:11:39.639> interesting<00:11:40.079> thing<00:11:40.360> where<00:11:40.720> um<00:11:41.399> they 00:11:41.550 --> 00:11:41.560 align:start position:0% of an interesting thing where um they 00:11:41.560 --> 00:11:43.710 align:start position:0% of an interesting thing where um they are<00:11:42.000> specific<00:11:42.360> to<00:11:42.480> price<00:11:42.680> oracles<00:11:43.320> uh<00:11:43.480> because 00:11:43.710 --> 00:11:43.720 align:start position:0% are specific to price oracles uh because 00:11:43.720 --> 00:11:45.230 align:start position:0% are specific to price oracles uh because they<00:11:43.880> use<00:11:44.279> like<00:11:44.399> an<00:11:44.519> arbitration<00:11:45.079> an 00:11:45.230 --> 00:11:45.240 align:start position:0% they use like an arbitration an 00:11:45.240 --> 00:11:48.150 align:start position:0% they use like an arbitration an Arbitrage<00:11:45.760> game<00:11:46.639> uh<00:11:46.839> to<00:11:47.360> uh<00:11:47.600> as<00:11:47.720> part<00:11:47.880> of<00:11:48.000> their 00:11:48.150 --> 00:11:48.160 align:start position:0% Arbitrage game uh to uh as part of their 00:11:48.160 --> 00:11:50.190 align:start position:0% Arbitrage game uh to uh as part of their mechanism<00:11:48.720> so<00:11:48.959> it<00:11:49.079> depends<00:11:49.320> on<00:11:49.399> being<00:11:49.560> a<00:11:49.639> price 00:11:50.190 --> 00:11:50.200 align:start position:0% mechanism so it depends on being a price 00:11:50.200 --> 00:11:53.389 align:start position:0% mechanism so it depends on being a price Oracle<00:11:51.200> okay<00:11:51.519> now<00:11:52.240> getting<00:11:52.800> back<00:11:52.959> to<00:11:53.279> the 00:11:53.389 --> 00:11:53.399 align:start position:0% Oracle okay now getting back to the 00:11:53.399 --> 00:11:55.949 align:start position:0% Oracle okay now getting back to the other<00:11:53.959> questions<00:11:54.959> aggregation<00:11:55.480> functions 00:11:55.949 --> 00:11:55.959 align:start position:0% other questions aggregation functions 00:11:55.959 --> 00:11:58.430 align:start position:0% other questions aggregation functions incentive<00:11:56.440> functions<00:11:57.440> uh<00:11:57.760> which<00:11:58.079> ultimately 00:11:58.430 --> 00:11:58.440 align:start position:0% incentive functions uh which ultimately 00:11:58.440 --> 00:12:00.590 align:start position:0% incentive functions uh which ultimately comes<00:11:58.680> down<00:11:58.839> to<00:11:59.320> what<00:11:59.440> are<00:11:59.560> the<00:11:59.720> attacks<00:12:00.440> if 00:12:00.590 --> 00:12:00.600 align:start position:0% comes down to what are the attacks if 00:12:00.600 --> 00:12:02.509 align:start position:0% comes down to what are the attacks if I'm<00:12:00.760> trying<00:12:01.000> to<00:12:01.200> manipulate<00:12:01.720> the<00:12:01.880> system<00:12:02.279> like 00:12:02.509 --> 00:12:02.519 align:start position:0% I'm trying to manipulate the system like 00:12:02.519 --> 00:12:04.069 align:start position:0% I'm trying to manipulate the system like what<00:12:02.639> can<00:12:02.760> I<00:12:02.880> do<00:12:03.120> and<00:12:03.240> which<00:12:03.360> systems<00:12:03.639> are<00:12:03.800> more 00:12:04.069 --> 00:12:04.079 align:start position:0% what can I do and which systems are more 00:12:04.079 --> 00:12:06.509 align:start position:0% what can I do and which systems are more robust<00:12:05.079> uh<00:12:05.279> so<00:12:05.560> an<00:12:05.720> attack<00:12:05.959> that<00:12:06.120> was<00:12:06.279> already 00:12:06.509 --> 00:12:06.519 align:start position:0% robust uh so an attack that was already 00:12:06.519 --> 00:12:08.350 align:start position:0% robust uh so an attack that was already highlighted<00:12:06.920> by<00:12:07.079> vitalic<00:12:07.720> in<00:12:08.000> uh<00:12:08.120> in<00:12:08.240> his 00:12:08.350 --> 00:12:08.360 align:start position:0% highlighted by vitalic in uh in his 00:12:08.360 --> 00:12:10.470 align:start position:0% highlighted by vitalic in uh in his shelling<00:12:08.800> coin<00:12:09.200> article<00:12:09.839> is<00:12:10.000> what<00:12:10.120> he<00:12:10.240> called 00:12:10.470 --> 00:12:10.480 align:start position:0% shelling coin article is what he called 00:12:10.480 --> 00:12:12.310 align:start position:0% shelling coin article is what he called micro<00:12:10.839> cheating<00:12:11.399> there's<00:12:11.600> this<00:12:11.839> long<00:12:12.040> quote 00:12:12.310 --> 00:12:12.320 align:start position:0% micro cheating there's this long quote 00:12:12.320 --> 00:12:13.829 align:start position:0% micro cheating there's this long quote I'm<00:12:12.399> not<00:12:12.480> going<00:12:12.600> to<00:12:12.680> read<00:12:12.800> the<00:12:12.920> whole<00:12:13.079> thing<00:12:13.680> uh 00:12:13.829 --> 00:12:13.839 align:start position:0% I'm not going to read the whole thing uh 00:12:13.839 --> 00:12:15.310 align:start position:0% I'm not going to read the whole thing uh but<00:12:14.000> basically<00:12:14.399> the<00:12:14.519> idea<00:12:14.839> is<00:12:14.920> that<00:12:15.040> you<00:12:15.199> can 00:12:15.310 --> 00:12:15.320 align:start position:0% but basically the idea is that you can 00:12:15.320 --> 00:12:16.670 align:start position:0% but basically the idea is that you can just<00:12:15.480> nudge<00:12:15.839> the<00:12:15.959> value<00:12:16.240> provide<00:12:16.519> just<00:12:16.600> a 00:12:16.670 --> 00:12:16.680 align:start position:0% just nudge the value provide just a 00:12:16.680 --> 00:12:17.949 align:start position:0% just nudge the value provide just a little<00:12:16.839> bit<00:12:17.120> like<00:12:17.279> you<00:12:17.480> you<00:12:17.600> know<00:12:17.760> what<00:12:17.880> the 00:12:17.949 --> 00:12:17.959 align:start position:0% little bit like you you know what the 00:12:17.959 --> 00:12:19.430 align:start position:0% little bit like you you know what the true<00:12:18.160> honor<00:12:18.519> answer<00:12:18.760> is<00:12:18.880> but<00:12:19.040> you<00:12:19.199> as<00:12:19.320> an 00:12:19.430 --> 00:12:19.440 align:start position:0% true honor answer is but you as an 00:12:19.440 --> 00:12:22.230 align:start position:0% true honor answer is but you as an attacker<00:12:20.360> you<00:12:21.279> uh<00:12:21.399> provide<00:12:21.639> a<00:12:21.720> value<00:12:21.959> this<00:12:22.079> is 00:12:22.230 --> 00:12:22.240 align:start position:0% attacker you uh provide a value this is 00:12:22.240 --> 00:12:23.990 align:start position:0% attacker you uh provide a value this is slightly<00:12:22.639> to<00:12:22.800> one<00:12:23.000> side<00:12:23.440> whatever<00:12:23.800> side<00:12:23.920> you 00:12:23.990 --> 00:12:24.000 align:start position:0% slightly to one side whatever side you 00:12:24.000 --> 00:12:25.710 align:start position:0% slightly to one side whatever side you want<00:12:24.079> to<00:12:24.199> nudge<00:12:24.440> the<00:12:24.560> Oracle<00:12:25.360> uh<00:12:25.480> and<00:12:25.639> if 00:12:25.710 --> 00:12:25.720 align:start position:0% want to nudge the Oracle uh and if 00:12:25.720 --> 00:12:27.430 align:start position:0% want to nudge the Oracle uh and if you're<00:12:26.279> sophisticated<00:12:26.920> maybe<00:12:27.120> you<00:12:27.199> say 00:12:27.430 --> 00:12:27.440 align:start position:0% you're sophisticated maybe you say 00:12:27.440 --> 00:12:29.430 align:start position:0% you're sophisticated maybe you say within<00:12:27.639> the<00:12:27.760> 25<00:12:28.079> to<00:12:28.199> 75%<00:12:28.760> range<00:12:28.959> so<00:12:29.240> not<00:12:29.320> even 00:12:29.430 --> 00:12:29.440 align:start position:0% within the 25 to 75% range so not even 00:12:29.440 --> 00:12:31.629 align:start position:0% within the 25 to 75% range so not even penalized<00:12:30.360> uh<00:12:30.480> and<00:12:30.600> maybe<00:12:30.800> you<00:12:30.920> can<00:12:31.120> move<00:12:31.480> the 00:12:31.629 --> 00:12:31.639 align:start position:0% penalized uh and maybe you can move the 00:12:31.639 --> 00:12:33.710 align:start position:0% penalized uh and maybe you can move the the<00:12:31.720> output<00:12:32.040> a<00:12:32.120> bit<00:12:32.920> uh<00:12:33.040> to<00:12:33.160> give<00:12:33.279> a<00:12:33.360> bit<00:12:33.480> of<00:12:33.560> a 00:12:33.710 --> 00:12:33.720 align:start position:0% the output a bit uh to give a bit of a 00:12:33.720 --> 00:12:37.069 align:start position:0% the output a bit uh to give a bit of a more<00:12:34.440> visual<00:12:35.160> to<00:12:35.399> this<00:12:36.320> uh<00:12:36.560> there's<00:12:36.760> some 00:12:37.069 --> 00:12:37.079 align:start position:0% more visual to this uh there's some 00:12:37.079 --> 00:12:39.550 align:start position:0% more visual to this uh there's some distribution<00:12:37.959> of<00:12:38.160> how<00:12:38.360> honest<00:12:38.760> people<00:12:39.320> people 00:12:39.550 --> 00:12:39.560 align:start position:0% distribution of how honest people people 00:12:39.560 --> 00:12:41.189 align:start position:0% distribution of how honest people people who<00:12:39.680> are<00:12:39.800> really<00:12:40.000> trying<00:12:40.519> will<00:12:40.800> provide 00:12:41.189 --> 00:12:41.199 align:start position:0% who are really trying will provide 00:12:41.199 --> 00:12:42.910 align:start position:0% who are really trying will provide answers<00:12:41.800> some<00:12:42.000> people<00:12:42.160> are<00:12:42.360> better<00:12:42.600> at<00:12:42.760> this 00:12:42.910 --> 00:12:42.920 align:start position:0% answers some people are better at this 00:12:42.920 --> 00:12:46.189 align:start position:0% answers some people are better at this task<00:12:43.199> than<00:12:43.480> others<00:12:44.480> uh<00:12:44.839> so<00:12:45.480> uh<00:12:45.680> in<00:12:45.800> the<00:12:45.920> absence 00:12:46.189 --> 00:12:46.199 align:start position:0% task than others uh so uh in the absence 00:12:46.199 --> 00:12:48.189 align:start position:0% task than others uh so uh in the absence of<00:12:46.320> attackers<00:12:46.680> it<00:12:46.800> all<00:12:46.959> kind<00:12:47.040> of<00:12:47.160> average<00:12:47.440> out 00:12:48.189 --> 00:12:48.199 align:start position:0% of attackers it all kind of average out 00:12:48.199 --> 00:12:50.990 align:start position:0% of attackers it all kind of average out uh<00:12:48.440> here<00:12:48.839> the<00:12:49.040> the<00:12:49.160> median<00:12:49.600> answer<00:12:49.920> is<00:12:50.240> the<00:12:50.880> the 00:12:50.990 --> 00:12:51.000 align:start position:0% uh here the the median answer is the the 00:12:51.000 --> 00:12:54.069 align:start position:0% uh here the the median answer is the the spoton<00:12:51.800> people<00:12:52.800> uh<00:12:53.279> but<00:12:53.480> if<00:12:53.600> I<00:12:53.760> have<00:12:53.880> an 00:12:54.069 --> 00:12:54.079 align:start position:0% spoton people uh but if I have an 00:12:54.079 --> 00:12:56.269 align:start position:0% spoton people uh but if I have an attacker<00:12:54.839> that<00:12:55.000> has<00:12:55.199> a<00:12:55.279> few<00:12:55.519> votes<00:12:55.920> not<00:12:56.079> even 00:12:56.269 --> 00:12:56.279 align:start position:0% attacker that has a few votes not even 00:12:56.279 --> 00:12:57.629 align:start position:0% attacker that has a few votes not even like<00:12:56.399> a<00:12:56.480> majority<00:12:56.800> the<00:12:56.920> votes<00:12:57.120> only<00:12:57.320> three<00:12:57.519> out 00:12:57.629 --> 00:12:57.639 align:start position:0% like a majority the votes only three out 00:12:57.639 --> 00:13:00.509 align:start position:0% like a majority the votes only three out of<00:12:57.800> I<00:12:57.880> think<00:12:58.320> 12<00:12:58.639> or<00:12:58.800> nine<00:12:59.199> or<00:12:59.320> something<00:12:59.600> here 00:13:00.509 --> 00:13:00.519 align:start position:0% of I think 12 or nine or something here 00:13:00.519 --> 00:13:02.990 align:start position:0% of I think 12 or nine or something here uh<00:13:00.880> then<00:13:01.399> by<00:13:01.600> sort<00:13:01.760> of<00:13:01.920> going<00:13:02.120> to<00:13:02.279> one<00:13:02.560> side<00:13:02.920> you 00:13:02.990 --> 00:13:03.000 align:start position:0% uh then by sort of going to one side you 00:13:03.000 --> 00:13:04.069 align:start position:0% uh then by sort of going to one side you know<00:13:03.120> if<00:13:03.199> they're<00:13:03.399> like<00:13:03.480> a<00:13:03.600> sophisticated 00:13:04.069 --> 00:13:04.079 align:start position:0% know if they're like a sophisticated 00:13:04.079 --> 00:13:05.230 align:start position:0% know if they're like a sophisticated actor<00:13:04.440> that<00:13:04.519> can<00:13:04.720> anticipate<00:13:05.160> the 00:13:05.230 --> 00:13:05.240 align:start position:0% actor that can anticipate the 00:13:05.240 --> 00:13:06.629 align:start position:0% actor that can anticipate the distribution<00:13:05.639> of<00:13:05.720> the<00:13:05.800> honest<00:13:06.160> people's 00:13:06.629 --> 00:13:06.639 align:start position:0% distribution of the honest people's 00:13:06.639 --> 00:13:10.150 align:start position:0% distribution of the honest people's votes<00:13:07.639> uh<00:13:07.959> they<00:13:08.320> can<00:13:08.920> kind<00:13:09.079> of<00:13:09.440> unwittingly 00:13:10.150 --> 00:13:10.160 align:start position:0% votes uh they can kind of unwittingly 00:13:10.160 --> 00:13:12.269 align:start position:0% votes uh they can kind of unwittingly wrap<00:13:10.720> the<00:13:11.240> people<00:13:11.480> that<00:13:11.560> are<00:13:11.720> confused<00:13:12.160> and 00:13:12.269 --> 00:13:12.279 align:start position:0% wrap the people that are confused and 00:13:12.279 --> 00:13:14.829 align:start position:0% wrap the people that are confused and off<00:13:12.399> to<00:13:12.560> one<00:13:12.800> side<00:13:13.360> into<00:13:13.600> an<00:13:13.720> attack<00:13:14.000> Coalition 00:13:14.829 --> 00:13:14.839 align:start position:0% off to one side into an attack Coalition 00:13:14.839 --> 00:13:17.310 align:start position:0% off to one side into an attack Coalition against<00:13:15.160> their<00:13:15.320> will<00:13:16.279> uh<00:13:16.600> they<00:13:16.880> uh<00:13:17.040> they<00:13:17.160> can 00:13:17.310 --> 00:13:17.320 align:start position:0% against their will uh they uh they can 00:13:17.320 --> 00:13:19.550 align:start position:0% against their will uh they uh they can take<00:13:17.519> the<00:13:17.720> like<00:13:17.880> confused<00:13:18.360> people<00:13:19.120> join<00:13:19.320> them 00:13:19.550 --> 00:13:19.560 align:start position:0% take the like confused people join them 00:13:19.560 --> 00:13:21.350 align:start position:0% take the like confused people join them together<00:13:19.760> with<00:13:19.880> the<00:13:20.000> actual<00:13:20.279> attack<00:13:20.600> votes<00:13:21.240> uh 00:13:21.350 --> 00:13:21.360 align:start position:0% together with the actual attack votes uh 00:13:21.360 --> 00:13:22.829 align:start position:0% together with the actual attack votes uh and<00:13:21.519> collectively<00:13:22.040> they<00:13:22.160> have<00:13:22.279> a<00:13:22.399> majority 00:13:22.829 --> 00:13:22.839 align:start position:0% and collectively they have a majority 00:13:22.839 --> 00:13:25.269 align:start position:0% and collectively they have a majority that<00:13:22.959> moves<00:13:23.480> the<00:13:23.680> uh<00:13:23.800> the<00:13:23.920> answer<00:13:24.199> from<00:13:24.360> spoton 00:13:25.269 --> 00:13:25.279 align:start position:0% that moves the uh the answer from spoton 00:13:25.279 --> 00:13:28.629 align:start position:0% that moves the uh the answer from spoton to<00:13:25.800> okay<00:13:26.800> um<00:13:27.680> and<00:13:27.760> then<00:13:27.880> as<00:13:28.000> the<00:13:28.160> attacker<00:13:28.480> gets 00:13:28.629 --> 00:13:28.639 align:start position:0% to okay um and then as the attacker gets 00:13:28.639 --> 00:13:30.910 align:start position:0% to okay um and then as the attacker gets more<00:13:28.800> and<00:13:28.880> more<00:13:29.240> votes<00:13:29.519> you<00:13:29.639> can<00:13:29.839> drag<00:13:30.279> the<00:13:30.680> the 00:13:30.910 --> 00:13:30.920 align:start position:0% more and more votes you can drag the the 00:13:30.920 --> 00:13:33.189 align:start position:0% more and more votes you can drag the the like<00:13:31.120> answer<00:13:31.399> that<00:13:31.519> much<00:13:31.720> more<00:13:32.519> uh<00:13:32.720> and<00:13:32.920> if<00:13:33.040> you 00:13:33.189 --> 00:13:33.199 align:start position:0% like answer that much more uh and if you 00:13:33.199 --> 00:13:35.949 align:start position:0% like answer that much more uh and if you think<00:13:33.560> like<00:13:34.240> you<00:13:34.360> know<00:13:35.079> like<00:13:35.240> algebraically 00:13:35.949 --> 00:13:35.959 align:start position:0% think like you know like algebraically 00:13:35.959 --> 00:13:37.710 align:start position:0% think like you know like algebraically how<00:13:36.079> much<00:13:36.279> can<00:13:36.440> attacker<00:13:36.800> with<00:13:36.920> K<00:13:37.199> votes<00:13:37.440> move 00:13:37.710 --> 00:13:37.720 align:start position:0% how much can attacker with K votes move 00:13:37.720 --> 00:13:39.269 align:start position:0% how much can attacker with K votes move the<00:13:37.839> answer<00:13:38.120> like<00:13:38.320> this<00:13:38.839> well<00:13:39.000> if<00:13:39.120> your 00:13:39.269 --> 00:13:39.279 align:start position:0% the answer like this well if your 00:13:39.279 --> 00:13:41.030 align:start position:0% the answer like this well if your aggregation<00:13:39.839> function<00:13:40.240> is<00:13:40.480> taking<00:13:40.800> the 00:13:41.030 --> 00:13:41.040 align:start position:0% aggregation function is taking the 00:13:41.040 --> 00:13:43.389 align:start position:0% aggregation function is taking the median<00:13:42.040> uh<00:13:42.160> then<00:13:42.279> an<00:13:42.440> attacker<00:13:42.760> with<00:13:42.920> K<00:13:43.120> votes 00:13:43.389 --> 00:13:43.399 align:start position:0% median uh then an attacker with K votes 00:13:43.399 --> 00:13:45.470 align:start position:0% median uh then an attacker with K votes can<00:13:43.560> drag<00:13:43.920> the<00:13:44.040> result<00:13:44.320> to<00:13:44.560> the<00:13:44.839> point5<00:13:45.240> minus 00:13:45.470 --> 00:13:45.480 align:start position:0% can drag the result to the point5 minus 00:13:45.480 --> 00:13:47.069 align:start position:0% can drag the result to the point5 minus K<00:13:45.639> Over<00:13:45.760> 1us<00:13:46.079> K<00:13:46.399> percentile<00:13:46.880> of<00:13:46.959> the 00:13:47.069 --> 00:13:47.079 align:start position:0% K Over 1us K percentile of the 00:13:47.079 --> 00:13:49.069 align:start position:0% K Over 1us K percentile of the distribution<00:13:47.480> of<00:13:47.560> honest<00:13:47.839> participants<00:13:48.760> so 00:13:49.069 --> 00:13:49.079 align:start position:0% distribution of honest participants so 00:13:49.079 --> 00:13:52.509 align:start position:0% distribution of honest participants so this<00:13:49.279> gives<00:13:49.519> us<00:13:50.440> a<00:13:51.440> like<00:13:51.560> a<00:13:51.720> measure<00:13:52.160> that<00:13:52.360> to 00:13:52.509 --> 00:13:52.519 align:start position:0% this gives us a like a measure that to 00:13:52.519 --> 00:13:54.870 align:start position:0% this gives us a like a measure that to judge<00:13:52.839> okay<00:13:53.040> this<00:13:53.160> is<00:13:53.320> the<00:13:53.440> resistance<00:13:53.920> of 00:13:54.870 --> 00:13:54.880 align:start position:0% judge okay this is the resistance of 00:13:54.880 --> 00:13:57.069 align:start position:0% judge okay this is the resistance of median<00:13:55.360> as<00:13:55.480> an<00:13:55.639> aggregation<00:13:56.079> tool<00:13:56.519> against 00:13:57.069 --> 00:13:57.079 align:start position:0% median as an aggregation tool against 00:13:57.079 --> 00:13:58.550 align:start position:0% median as an aggregation tool against this<00:13:57.240> kind<00:13:57.360> of<00:13:57.519> attack<00:13:58.079> and<00:13:58.199> then<00:13:58.320> we<00:13:58.399> can 00:13:58.550 --> 00:13:58.560 align:start position:0% this kind of attack and then we can 00:13:58.560 --> 00:14:00.110 align:start position:0% this kind of attack and then we can compare<00:13:58.800> that<00:13:58.880> to<00:13:59.160> like<00:13:59.360> other<00:13:59.639> attacks<00:14:00.000> and 00:14:00.110 --> 00:14:00.120 align:start position:0% compare that to like other attacks and 00:14:00.120 --> 00:14:01.749 align:start position:0% compare that to like other attacks and see<00:14:00.320> which<00:14:00.440> ones<00:14:00.600> are<00:14:00.759> more<00:14:00.920> or<00:14:01.079> less 00:14:01.749 --> 00:14:01.759 align:start position:0% see which ones are more or less 00:14:01.759 --> 00:14:04.189 align:start position:0% see which ones are more or less resistant<00:14:02.759> uh<00:14:03.199> and<00:14:03.480> a<00:14:03.600> natural<00:14:03.839> question<00:14:04.040> is 00:14:04.189 --> 00:14:04.199 align:start position:0% resistant uh and a natural question is 00:14:04.199 --> 00:14:05.509 align:start position:0% resistant uh and a natural question is it<00:14:04.279> ever<00:14:04.399> make<00:14:04.560> sense<00:14:04.720> to<00:14:04.920> do<00:14:05.120> anything<00:14:05.360> other 00:14:05.509 --> 00:14:05.519 align:start position:0% it ever make sense to do anything other 00:14:05.519 --> 00:14:07.389 align:start position:0% it ever make sense to do anything other than<00:14:05.639> check<00:14:05.880> the<00:14:05.959> median<00:14:06.759> uh<00:14:06.920> like<00:14:07.079> the<00:14:07.120> Medan 00:14:07.389 --> 00:14:07.399 align:start position:0% than check the median uh like the Medan 00:14:07.399 --> 00:14:08.670 align:start position:0% than check the median uh like the Medan seems<00:14:07.560> like<00:14:07.639> a<00:14:07.720> really<00:14:07.920> bust<00:14:08.199> robust 00:14:08.670 --> 00:14:08.680 align:start position:0% seems like a really bust robust 00:14:08.680 --> 00:14:10.310 align:start position:0% seems like a really bust robust mechanism<00:14:09.240> like<00:14:09.399> lots<00:14:09.600> of<00:14:09.800> projects<00:14:10.160> have 00:14:10.310 --> 00:14:10.320 align:start position:0% mechanism like lots of projects have 00:14:10.320 --> 00:14:13.150 align:start position:0% mechanism like lots of projects have used<00:14:10.759> this<00:14:11.720> uh<00:14:12.040> and<00:14:12.360> uh<00:14:12.480> I<00:14:12.519> would<00:14:12.680> say<00:14:12.880> probably 00:14:13.150 --> 00:14:13.160 align:start position:0% used this uh and uh I would say probably 00:14:13.160 --> 00:14:15.189 align:start position:0% used this uh and uh I would say probably not<00:14:13.480> if<00:14:13.639> your<00:14:14.160> voters<00:14:14.519> only<00:14:14.759> give<00:14:14.920> you<00:14:15.079> a 00:14:15.189 --> 00:14:15.199 align:start position:0% not if your voters only give you a 00:14:15.199 --> 00:14:17.509 align:start position:0% not if your voters only give you a single<00:14:15.480> number<00:14:16.480> uh<00:14:16.720> but<00:14:16.880> if<00:14:17.000> they<00:14:17.160> give<00:14:17.279> you 00:14:17.509 --> 00:14:17.519 align:start position:0% single number uh but if they give you 00:14:17.519 --> 00:14:18.710 align:start position:0% single number uh but if they give you multiple<00:14:17.880> numbers<00:14:18.160> you<00:14:18.240> can<00:14:18.360> do<00:14:18.480> something 00:14:18.710 --> 00:14:18.720 align:start position:0% multiple numbers you can do something 00:14:18.720 --> 00:14:20.710 align:start position:0% multiple numbers you can do something that's<00:14:18.880> more<00:14:19.040> interesting<00:14:19.800> uh<00:14:19.920> and<00:14:20.120> now<00:14:20.560> uh 00:14:20.710 --> 00:14:20.720 align:start position:0% that's more interesting uh and now uh 00:14:20.720 --> 00:14:22.230 align:start position:0% that's more interesting uh and now uh getting<00:14:20.920> to<00:14:21.120> kind<00:14:21.240> of<00:14:21.360> like<00:14:21.480> research<00:14:21.880> that<00:14:22.079> I 00:14:22.230 --> 00:14:22.240 align:start position:0% getting to kind of like research that I 00:14:22.240 --> 00:14:25.030 align:start position:0% getting to kind of like research that I have<00:14:22.440> done<00:14:23.440> uh<00:14:23.800> I've<00:14:23.920> thought<00:14:24.079> a<00:14:24.199> lot<00:14:24.399> about<00:14:24.880> uh 00:14:25.030 --> 00:14:25.040 align:start position:0% have done uh I've thought a lot about uh 00:14:25.040 --> 00:14:28.430 align:start position:0% have done uh I've thought a lot about uh how<00:14:25.519> to<00:14:26.519> uh<00:14:26.800> have<00:14:27.160> voters<00:14:27.519> provide<00:14:27.880> intervals 00:14:28.430 --> 00:14:28.440 align:start position:0% how to uh have voters provide intervals 00:14:28.440 --> 00:14:29.629 align:start position:0% how to uh have voters provide intervals of<00:14:28.600> precision 00:14:29.629 --> 00:14:29.639 align:start position:0% of precision 00:14:29.639 --> 00:14:30.870 align:start position:0% of precision uh<00:14:29.759> or<00:14:29.920> now<00:14:30.040> they<00:14:30.160> provide<00:14:30.399> you<00:14:30.519> some<00:14:30.720> like 00:14:30.870 --> 00:14:30.880 align:start position:0% uh or now they provide you some like 00:14:30.880 --> 00:14:32.150 align:start position:0% uh or now they provide you some like lower<00:14:31.120> and<00:14:31.279> upper<00:14:31.519> range<00:14:31.800> where<00:14:31.920> they<00:14:32.040> think 00:14:32.150 --> 00:14:32.160 align:start position:0% lower and upper range where they think 00:14:32.160 --> 00:14:35.430 align:start position:0% lower and upper range where they think the<00:14:32.320> True<00:14:32.720> Value<00:14:33.199> lies<00:14:34.199> uh<00:14:34.600> and<00:14:34.959> if<00:14:35.120> everybody 00:14:35.430 --> 00:14:35.440 align:start position:0% the True Value lies uh and if everybody 00:14:35.440 --> 00:14:37.230 align:start position:0% the True Value lies uh and if everybody sort<00:14:35.600> of<00:14:35.720> intervals<00:14:36.079> overlap<00:14:36.839> well<00:14:37.120> the 00:14:37.230 --> 00:14:37.240 align:start position:0% sort of intervals overlap well the 00:14:37.240 --> 00:14:38.150 align:start position:0% sort of intervals overlap well the answer<00:14:37.399> should<00:14:37.560> be<00:14:37.680> somewhere<00:14:37.959> in<00:14:38.040> the 00:14:38.150 --> 00:14:38.160 align:start position:0% answer should be somewhere in the 00:14:38.160 --> 00:14:40.189 align:start position:0% answer should be somewhere in the overlap<00:14:39.079> uh<00:14:39.240> if<00:14:39.360> there's<00:14:39.600> some<00:14:39.839> point<00:14:40.000> of 00:14:40.189 --> 00:14:40.199 align:start position:0% overlap uh if there's some point of 00:14:40.199 --> 00:14:42.069 align:start position:0% overlap uh if there's some point of conflict<00:14:41.079> uh<00:14:41.199> where<00:14:41.360> there's<00:14:41.519> one<00:14:41.680> interval 00:14:42.069 --> 00:14:42.079 align:start position:0% conflict uh where there's one interval 00:14:42.079 --> 00:14:43.710 align:start position:0% conflict uh where there's one interval that's<00:14:42.240> like<00:14:42.639> the<00:14:42.720> upper<00:14:42.959> bound<00:14:43.160> is<00:14:43.279> strictly 00:14:43.710 --> 00:14:43.720 align:start position:0% that's like the upper bound is strictly 00:14:43.720 --> 00:14:45.069 align:start position:0% that's like the upper bound is strictly less<00:14:43.959> than<00:14:44.079> the<00:14:44.160> lower<00:14:44.399> bound<00:14:44.639> of<00:14:44.759> some<00:14:44.880> other 00:14:45.069 --> 00:14:45.079 align:start position:0% less than the lower bound of some other 00:14:45.079 --> 00:14:47.870 align:start position:0% less than the lower bound of some other interval<00:14:46.079> uh<00:14:46.399> then<00:14:46.959> they're<00:14:47.560> like<00:14:47.720> they 00:14:47.870 --> 00:14:47.880 align:start position:0% interval uh then they're like they 00:14:47.880 --> 00:14:50.269 align:start position:0% interval uh then they're like they disagree<00:14:48.680> uh<00:14:49.000> and<00:14:49.279> you<00:14:49.440> can<00:14:49.680> essentially<00:14:50.079> have 00:14:50.269 --> 00:14:50.279 align:start position:0% disagree uh and you can essentially have 00:14:50.279 --> 00:14:53.590 align:start position:0% disagree uh and you can essentially have the<00:14:50.399> users<00:14:50.920> vote<00:14:51.759> on<00:14:52.720> whether<00:14:53.120> you're<00:14:53.360> higher 00:14:53.590 --> 00:14:53.600 align:start position:0% the users vote on whether you're higher 00:14:53.600 --> 00:14:56.150 align:start position:0% the users vote on whether you're higher or<00:14:53.720> lower<00:14:54.000> than<00:14:54.079> a<00:14:54.199> point<00:14:54.880> of<00:14:55.079> disagreement<00:14:56.079> I 00:14:56.150 --> 00:14:56.160 align:start position:0% or lower than a point of disagreement I 00:14:56.160 --> 00:14:57.629 align:start position:0% or lower than a point of disagreement I will<00:14:56.399> sort<00:14:56.560> of<00:14:56.839> quickly<00:14:57.120> go<00:14:57.279> through<00:14:57.480> this 00:14:57.629 --> 00:14:57.639 align:start position:0% will sort of quickly go through this 00:14:57.639 --> 00:14:59.990 align:start position:0% will sort of quickly go through this because<00:14:57.759> I<00:14:57.839> don't<00:14:57.959> have<00:14:58.040> tons<00:14:58.240> of<00:14:58.440> time<00:14:59.320> uh<00:14:59.639> but 00:14:59.990 --> 00:15:00.000 align:start position:0% because I don't have tons of time uh but 00:15:00.000 --> 00:15:02.189 align:start position:0% because I don't have tons of time uh but um<00:15:00.839> you<00:15:00.959> know<00:15:01.079> you<00:15:01.199> can<00:15:01.320> think<00:15:01.480> of<00:15:01.720> if<00:15:01.839> my<00:15:02.000> upper 00:15:02.189 --> 00:15:02.199 align:start position:0% um you know you can think of if my upper 00:15:02.199 --> 00:15:03.829 align:start position:0% um you know you can think of if my upper bound<00:15:02.440> is<00:15:02.600> less<00:15:02.759> than<00:15:02.839> the<00:15:02.959> point<00:15:03.120> of<00:15:03.240> conflict 00:15:03.829 --> 00:15:03.839 align:start position:0% bound is less than the point of conflict 00:15:03.839 --> 00:15:05.710 align:start position:0% bound is less than the point of conflict I<00:15:03.959> vote<00:15:04.279> less<00:15:04.639> if<00:15:04.759> it's<00:15:04.959> my<00:15:05.199> lower<00:15:05.440> bound<00:15:05.639> is 00:15:05.710 --> 00:15:05.720 align:start position:0% I vote less if it's my lower bound is 00:15:05.720 --> 00:15:07.110 align:start position:0% I vote less if it's my lower bound is higher<00:15:05.920> than<00:15:05.959> the<00:15:06.040> point<00:15:06.199> of<00:15:06.279> conflict<00:15:06.560> I<00:15:06.680> vote 00:15:07.110 --> 00:15:07.120 align:start position:0% higher than the point of conflict I vote 00:15:07.120 --> 00:15:09.550 align:start position:0% higher than the point of conflict I vote higher<00:15:08.079> uh<00:15:08.279> and<00:15:08.399> if<00:15:08.560> my<00:15:08.920> my<00:15:09.040> interval<00:15:09.399> disc 00:15:09.550 --> 00:15:09.560 align:start position:0% higher uh and if my my interval disc 00:15:09.560 --> 00:15:10.670 align:start position:0% higher uh and if my my interval disc contains<00:15:09.800> the<00:15:09.880> point<00:15:10.040> of<00:15:10.120> conflict<00:15:10.480> well<00:15:10.560> then 00:15:10.670 --> 00:15:10.680 align:start position:0% contains the point of conflict well then 00:15:10.680 --> 00:15:12.069 align:start position:0% contains the point of conflict well then I<00:15:10.759> didn't<00:15:10.959> vote<00:15:11.160> at<00:15:11.240> all<00:15:11.440> I<00:15:11.600> gave<00:15:11.720> you<00:15:11.880> less 00:15:12.069 --> 00:15:12.079 align:start position:0% I didn't vote at all I gave you less 00:15:12.079 --> 00:15:13.870 align:start position:0% I didn't vote at all I gave you less precise<00:15:12.480> information<00:15:13.240> everybody<00:15:13.519> can<00:15:13.639> vote 00:15:13.870 --> 00:15:13.880 align:start position:0% precise information everybody can vote 00:15:13.880 --> 00:15:15.069 align:start position:0% precise information everybody can vote like<00:15:14.000> this<00:15:14.160> you<00:15:14.240> can<00:15:14.399> kind<00:15:14.480> of<00:15:14.639> resolve<00:15:15.000> the 00:15:15.069 --> 00:15:15.079 align:start position:0% like this you can kind of resolve the 00:15:15.079 --> 00:15:16.110 align:start position:0% like this you can kind of resolve the points<00:15:15.279> of<00:15:15.399> conflict<00:15:15.680> and<00:15:15.759> you<00:15:15.839> can<00:15:15.920> come<00:15:16.040> up 00:15:16.110 --> 00:15:16.120 align:start position:0% points of conflict and you can come up 00:15:16.120 --> 00:15:17.590 align:start position:0% points of conflict and you can come up with<00:15:16.240> a<00:15:16.320> collective<00:15:16.600> answer<00:15:17.079> so<00:15:17.240> this<00:15:17.320> is<00:15:17.440> an 00:15:17.590 --> 00:15:17.600 align:start position:0% with a collective answer so this is an 00:15:17.600 --> 00:15:19.030 align:start position:0% with a collective answer so this is an aggregation<00:15:18.079> mechanism<00:15:18.480> that<00:15:18.600> isn't<00:15:18.839> just 00:15:19.030 --> 00:15:19.040 align:start position:0% aggregation mechanism that isn't just 00:15:19.040 --> 00:15:21.470 align:start position:0% aggregation mechanism that isn't just taking<00:15:19.279> the<00:15:19.440> median<00:15:20.440> uh<00:15:20.600> this<00:15:20.720> is<00:15:20.880> based<00:15:21.120> on<00:15:21.240> an 00:15:21.470 --> 00:15:21.480 align:start position:0% taking the median uh this is based on an 00:15:21.480 --> 00:15:22.470 align:start position:0% taking the median uh this is based on an academic<00:15:21.800> article<00:15:22.040> I<00:15:22.120> wrote<00:15:22.320> with<00:15:22.399> a 00:15:22.470 --> 00:15:22.480 align:start position:0% academic article I wrote with a 00:15:22.480 --> 00:15:24.629 align:start position:0% academic article I wrote with a co-author<00:15:22.880> clange<00:15:23.880> several<00:15:24.160> years<00:15:24.320> ago<00:15:24.519> at 00:15:24.629 --> 00:15:24.639 align:start position:0% co-author clange several years ago at 00:15:24.639 --> 00:15:27.949 align:start position:0% co-author clange several years ago at this<00:15:24.839> point<00:15:25.839> uh<00:15:26.279> that<00:15:26.600> was<00:15:26.920> based<00:15:27.360> on<00:15:27.839> a 00:15:27.949 --> 00:15:27.959 align:start position:0% this point uh that was based on a 00:15:27.959 --> 00:15:29.069 align:start position:0% this point uh that was based on a version<00:15:28.240> of<00:15:28.360> this<00:15:28.480> that<00:15:28.600> was<00:15:28.680> slightly 00:15:29.069 --> 00:15:29.079 align:start position:0% version of this that was slightly 00:15:29.079 --> 00:15:31.150 align:start position:0% version of this that was slightly different<00:15:29.440> because<00:15:29.639> at<00:15:29.759> the<00:15:30.000> time<00:15:30.600> we<00:15:30.759> wrote 00:15:31.150 --> 00:15:31.160 align:start position:0% different because at the time we wrote 00:15:31.160 --> 00:15:33.189 align:start position:0% different because at the time we wrote this<00:15:31.560> with<00:15:31.959> um<00:15:32.399> basically<00:15:32.759> trying<00:15:32.959> to<00:15:33.079> be 00:15:33.189 --> 00:15:33.199 align:start position:0% this with um basically trying to be 00:15:33.199 --> 00:15:36.269 align:start position:0% this with um basically trying to be compatible<00:15:33.880> with<00:15:34.399> claros<00:15:34.920> V1<00:15:35.680> as<00:15:35.800> it<00:15:35.959> existed 00:15:36.269 --> 00:15:36.279 align:start position:0% compatible with claros V1 as it existed 00:15:36.279 --> 00:15:38.309 align:start position:0% compatible with claros V1 as it existed at<00:15:36.360> the<00:15:36.519> time<00:15:37.160> uh<00:15:37.319> as<00:15:37.440> of<00:15:37.600> a<00:15:37.720> few<00:15:37.880> days<00:15:38.079> ago 00:15:38.309 --> 00:15:38.319 align:start position:0% at the time uh as of a few days ago 00:15:38.319 --> 00:15:40.550 align:start position:0% at the time uh as of a few days ago claros<00:15:38.720> 2.0<00:15:39.240> has<00:15:39.360> been<00:15:39.480> launched<00:15:40.319> uh<00:15:40.399> which 00:15:40.550 --> 00:15:40.560 align:start position:0% claros 2.0 has been launched uh which 00:15:40.560 --> 00:15:42.590 align:start position:0% claros 2.0 has been launched uh which has<00:15:40.720> much<00:15:40.880> more<00:15:41.120> flexible<00:15:41.600> mechanisms<00:15:42.160> for 00:15:42.590 --> 00:15:42.600 align:start position:0% has much more flexible mechanisms for 00:15:42.600 --> 00:15:45.069 align:start position:0% has much more flexible mechanisms for being<00:15:42.800> able<00:15:43.040> to<00:15:43.800> encode<00:15:44.240> things<00:15:44.519> like<00:15:44.680> this<00:15:44.839> as 00:15:45.069 --> 00:15:45.079 align:start position:0% being able to encode things like this as 00:15:45.079 --> 00:15:46.990 align:start position:0% being able to encode things like this as modules<00:15:45.920> so<00:15:46.120> now<00:15:46.279> we<00:15:46.440> have<00:15:46.639> you<00:15:46.720> know<00:15:46.839> more 00:15:46.990 --> 00:15:47.000 align:start position:0% modules so now we have you know more 00:15:47.000 --> 00:15:48.350 align:start position:0% modules so now we have you know more flexibility<00:15:47.480> to<00:15:47.639> do<00:15:47.759> things<00:15:47.959> like<00:15:48.120> this<00:15:48.240> in 00:15:48.350 --> 00:15:48.360 align:start position:0% flexibility to do things like this in 00:15:48.360 --> 00:15:52.829 align:start position:0% flexibility to do things like this in the<00:15:48.600> future<00:15:49.880> um<00:15:50.880> uh<00:15:51.199> so<00:15:52.079> how<00:15:52.440> does<00:15:52.639> that 00:15:52.829 --> 00:15:52.839 align:start position:0% the future um uh so how does that 00:15:52.839 --> 00:15:55.069 align:start position:0% the future um uh so how does that aggregation<00:15:53.319> mechanism<00:15:53.720> I<00:15:53.839> just<00:15:54.480> proposed 00:15:55.069 --> 00:15:55.079 align:start position:0% aggregation mechanism I just proposed 00:15:55.079 --> 00:15:55.990 align:start position:0% aggregation mechanism I just proposed how<00:15:55.199> does<00:15:55.319> it<00:15:55.440> compare<00:15:55.639> to<00:15:55.759> taking<00:15:55.920> the 00:15:55.990 --> 00:15:56.000 align:start position:0% how does it compare to taking the 00:15:56.000 --> 00:15:58.030 align:start position:0% how does it compare to taking the meeting<00:15:56.319> is<00:15:56.399> it<00:15:56.759> better<00:15:57.040> or<00:15:57.279> less<00:15:57.680> attack 00:15:58.030 --> 00:15:58.040 align:start position:0% meeting is it better or less attack 00:15:58.040 --> 00:16:00.829 align:start position:0% meeting is it better or less attack resistant<00:15:59.399> uh<00:15:59.639> without<00:16:00.040> going<00:16:00.360> too<00:16:00.519> much<00:16:00.680> into 00:16:00.829 --> 00:16:00.839 align:start position:0% resistant uh without going too much into 00:16:00.839 --> 00:16:03.949 align:start position:0% resistant uh without going too much into the<00:16:01.279> details<00:16:02.279> I<00:16:02.399> will<00:16:02.639> just<00:16:02.839> say<00:16:03.199> that<00:16:03.600> it<00:16:03.800> kind 00:16:03.949 --> 00:16:03.959 align:start position:0% the details I will just say that it kind 00:16:03.959 --> 00:16:06.749 align:start position:0% the details I will just say that it kind of<00:16:04.399> depends<00:16:05.399> on<00:16:06.079> whether<00:16:06.440> on<00:16:06.560> your 00:16:06.749 --> 00:16:06.759 align:start position:0% of depends on whether on your 00:16:06.759 --> 00:16:09.150 align:start position:0% of depends on whether on your distribution<00:16:07.279> of<00:16:07.360> the<00:16:07.440> honest<00:16:08.160> participants 00:16:09.150 --> 00:16:09.160 align:start position:0% distribution of the honest participants 00:16:09.160 --> 00:16:12.430 align:start position:0% distribution of the honest participants uh<00:16:09.519> like<00:16:10.240> how<00:16:10.560> they<00:16:10.880> how<00:16:11.040> they<00:16:11.240> act<00:16:11.920> uh<00:16:12.160> B 00:16:12.430 --> 00:16:12.440 align:start position:0% uh like how they how they act uh B 00:16:12.440 --> 00:16:14.670 align:start position:0% uh like how they how they act uh B particularly<00:16:13.000> if<00:16:13.240> people<00:16:13.440> who<00:16:13.600> are<00:16:13.800> confused 00:16:14.670 --> 00:16:14.680 align:start position:0% particularly if people who are confused 00:16:14.680 --> 00:16:16.670 align:start position:0% particularly if people who are confused know<00:16:15.000> they're<00:16:15.199> confused<00:16:16.079> uh<00:16:16.199> if<00:16:16.360> people<00:16:16.560> who 00:16:16.670 --> 00:16:16.680 align:start position:0% know they're confused uh if people who 00:16:16.680 --> 00:16:17.990 align:start position:0% know they're confused uh if people who are<00:16:16.839> like<00:16:16.959> out<00:16:17.120> on<00:16:17.279> the<00:16:17.399> edges<00:16:17.680> of<00:16:17.839> the 00:16:17.990 --> 00:16:18.000 align:start position:0% are like out on the edges of the 00:16:18.000 --> 00:16:19.509 align:start position:0% are like out on the edges of the distribution<00:16:18.440> or<00:16:18.639> providing<00:16:18.959> impr 00:16:19.509 --> 00:16:19.519 align:start position:0% distribution or providing impr 00:16:19.519 --> 00:16:20.910 align:start position:0% distribution or providing impr information<00:16:20.000> if<00:16:20.079> they<00:16:20.199> give<00:16:20.319> you<00:16:20.560> long 00:16:20.910 --> 00:16:20.920 align:start position:0% information if they give you long 00:16:20.920 --> 00:16:22.710 align:start position:0% information if they give you long intervals<00:16:21.480> because<00:16:21.720> they<00:16:21.880> they<00:16:22.000> realized<00:16:22.480> oh 00:16:22.710 --> 00:16:22.720 align:start position:0% intervals because they they realized oh 00:16:22.720 --> 00:16:24.189 align:start position:0% intervals because they they realized oh I<00:16:22.959> I'm<00:16:23.279> I<00:16:23.360> don't<00:16:23.480> really<00:16:23.639> know<00:16:23.800> the<00:16:23.920> answer<00:16:24.079> to 00:16:24.189 --> 00:16:24.199 align:start position:0% I I'm I don't really know the answer to 00:16:24.199 --> 00:16:27.470 align:start position:0% I I'm I don't really know the answer to this<00:16:24.399> question<00:16:25.360> uh<00:16:25.639> then<00:16:26.199> they<00:16:26.600> uh<00:16:26.959> then<00:16:27.240> the 00:16:27.470 --> 00:16:27.480 align:start position:0% this question uh then they uh then the 00:16:27.480 --> 00:16:28.550 align:start position:0% this question uh then they uh then the this<00:16:27.600> sort<00:16:27.800> of<00:16:27.880> voting<00:16:28.120> by<00:16:28.240> intervals 00:16:28.550 --> 00:16:28.560 align:start position:0% this sort of voting by intervals 00:16:28.560 --> 00:16:29.670 align:start position:0% this sort of voting by intervals performance<00:16:28.920> is<00:16:29.000> better<00:16:29.199> than<00:16:29.319> just<00:16:29.440> taking 00:16:29.670 --> 00:16:29.680 align:start position:0% performance is better than just taking 00:16:29.680 --> 00:16:33.110 align:start position:0% performance is better than just taking the<00:16:29.800> median<00:16:30.720> uh<00:16:30.880> if<00:16:30.959> you<00:16:31.079> have<00:16:31.240> like<00:16:31.360> a<00:16:32.120> um<00:16:32.519> like 00:16:33.110 --> 00:16:33.120 align:start position:0% the median uh if you have like a um like 00:16:33.120 --> 00:16:34.350 align:start position:0% the median uh if you have like a um like if<00:16:33.279> people<00:16:33.519> that<00:16:33.600> are<00:16:33.759> wrong<00:16:34.000> are<00:16:34.160> really 00:16:34.350 --> 00:16:34.360 align:start position:0% if people that are wrong are really 00:16:34.360 --> 00:16:35.430 align:start position:0% if people that are wrong are really convinced<00:16:34.759> that<00:16:34.839> they're<00:16:35.079> like<00:16:35.199> super 00:16:35.430 --> 00:16:35.440 align:start position:0% convinced that they're like super 00:16:35.440 --> 00:16:38.430 align:start position:0% convinced that they're like super confident<00:16:35.759> of<00:16:35.959> being<00:16:36.199> wrong<00:16:37.079> uh<00:16:37.440> then<00:16:37.959> uh<00:16:38.199> it 00:16:38.430 --> 00:16:38.440 align:start position:0% confident of being wrong uh then uh it 00:16:38.440 --> 00:16:40.590 align:start position:0% confident of being wrong uh then uh it performs<00:16:39.120> not<00:16:39.279> as<00:16:39.440> well<00:16:40.160> there's<00:16:40.319> slight 00:16:40.590 --> 00:16:40.600 align:start position:0% performs not as well there's slight 00:16:40.600 --> 00:16:42.829 align:start position:0% performs not as well there's slight effects<00:16:40.880> either<00:16:41.120> way<00:16:41.440> but<00:16:41.880> you<00:16:42.000> know<00:16:42.399> like 00:16:42.829 --> 00:16:42.839 align:start position:0% effects either way but you know like 00:16:42.839 --> 00:16:44.350 align:start position:0% effects either way but you know like this<00:16:42.959> is<00:16:43.079> the<00:16:43.199> sort<00:16:43.319> of<00:16:43.480> analysis<00:16:43.839> you<00:16:43.959> can<00:16:44.079> do 00:16:44.350 --> 00:16:44.360 align:start position:0% this is the sort of analysis you can do 00:16:44.360 --> 00:16:46.790 align:start position:0% this is the sort of analysis you can do of<00:16:44.600> attack<00:16:44.959> resistance<00:16:45.360> for<00:16:45.519> these<00:16:45.680> different 00:16:46.790 --> 00:16:46.800 align:start position:0% of attack resistance for these different 00:16:46.800 --> 00:16:50.590 align:start position:0% of attack resistance for these different systems<00:16:47.920> um<00:16:48.920> now<00:16:49.839> that<00:16:49.959> was<00:16:50.120> all<00:16:50.279> about<00:16:50.440> the 00:16:50.590 --> 00:16:50.600 align:start position:0% systems um now that was all about the 00:16:50.600 --> 00:16:52.470 align:start position:0% systems um now that was all about the aggregation<00:16:51.079> rule<00:16:51.639> you<00:16:51.759> know<00:16:52.000> even<00:16:52.319> even 00:16:52.470 --> 00:16:52.480 align:start position:0% aggregation rule you know even even 00:16:52.480 --> 00:16:53.829 align:start position:0% aggregation rule you know even even before<00:16:52.680> you<00:16:52.880> think<00:16:53.000> about<00:16:53.279> is<00:16:53.399> the<00:16:53.519> attacker 00:16:53.829 --> 00:16:53.839 align:start position:0% before you think about is the attacker 00:16:53.839 --> 00:16:56.430 align:start position:0% before you think about is the attacker going<00:16:53.959> to<00:16:54.120> be<00:16:54.519> penalized<00:16:55.000> or<00:16:55.160> rewarded<00:16:56.120> uh<00:16:56.240> for 00:16:56.430 --> 00:16:56.440 align:start position:0% going to be penalized or rewarded uh for 00:16:56.440 --> 00:16:57.749 align:start position:0% going to be penalized or rewarded uh for doing<00:16:56.720> an<00:16:56.920> attack<00:16:57.160> or<00:16:57.319> like<00:16:57.440> how<00:16:57.519> much<00:16:57.639> are 00:16:57.749 --> 00:16:57.759 align:start position:0% doing an attack or like how much are 00:16:57.759 --> 00:16:59.470 align:start position:0% doing an attack or like how much are they<00:16:57.839> going<00:16:57.920> to<00:16:58.000> be<00:16:58.120> penalized<00:16:59.000> you<00:16:59.079> know<00:16:59.279> like 00:16:59.470 --> 00:16:59.480 align:start position:0% they going to be penalized you know like 00:16:59.480 --> 00:17:00.670 align:start position:0% they going to be penalized you know like this<00:16:59.639> the<00:16:59.759> sort<00:16:59.880> of<00:17:00.000> basic<00:17:00.240> question<00:17:00.440> of<00:17:00.560> how 00:17:00.670 --> 00:17:00.680 align:start position:0% this the sort of basic question of how 00:17:00.680 --> 00:17:02.030 align:start position:0% this the sort of basic question of how much<00:17:00.839> can<00:17:00.959> an<00:17:01.079> attacker<00:17:01.440> that's<00:17:01.600> willing<00:17:01.880> to 00:17:02.030 --> 00:17:02.040 align:start position:0% much can an attacker that's willing to 00:17:02.040 --> 00:17:04.069 align:start position:0% much can an attacker that's willing to sacrifice<00:17:02.480> some<00:17:02.639> amount<00:17:02.800> of<00:17:02.880> money<00:17:03.399> drag<00:17:03.920> the 00:17:04.069 --> 00:17:04.079 align:start position:0% sacrifice some amount of money drag the 00:17:04.079 --> 00:17:06.630 align:start position:0% sacrifice some amount of money drag the answer<00:17:04.919> uh<00:17:05.039> with<00:17:05.199> some<00:17:05.319> kind<00:17:05.439> of<00:17:06.199> minority 00:17:06.630 --> 00:17:06.640 align:start position:0% answer uh with some kind of minority 00:17:06.640 --> 00:17:08.429 align:start position:0% answer uh with some kind of minority attack<00:17:07.000> Coalition<00:17:07.839> uh<00:17:07.919> when<00:17:08.000> you<00:17:08.120> get<00:17:08.240> back<00:17:08.319> to 00:17:08.429 --> 00:17:08.439 align:start position:0% attack Coalition uh when you get back to 00:17:08.439 --> 00:17:09.470 align:start position:0% attack Coalition uh when you get back to the<00:17:08.520> incentive<00:17:08.880> function<00:17:09.120> there<00:17:09.199> are<00:17:09.319> all 00:17:09.470 --> 00:17:09.480 align:start position:0% the incentive function there are all 00:17:09.480 --> 00:17:12.390 align:start position:0% the incentive function there are all kinds<00:17:09.679> of<00:17:09.839> interesting<00:17:10.520> questions<00:17:11.520> uh<00:17:12.120> and 00:17:12.390 --> 00:17:12.400 align:start position:0% kinds of interesting questions uh and 00:17:12.400 --> 00:17:13.510 align:start position:0% kinds of interesting questions uh and getting<00:17:12.720> getting<00:17:12.919> back<00:17:13.000> to<00:17:13.120> this<00:17:13.240> question<00:17:13.400> of 00:17:13.510 --> 00:17:13.520 align:start position:0% getting getting back to this question of 00:17:13.520 --> 00:17:16.230 align:start position:0% getting getting back to this question of how<00:17:13.640> close<00:17:13.880> you<00:17:13.959> need<00:17:14.079> to<00:17:14.160> be<00:17:14.520> rewarded<00:17:15.520> uh 00:17:16.230 --> 00:17:16.240 align:start position:0% how close you need to be rewarded uh 00:17:16.240 --> 00:17:18.309 align:start position:0% how close you need to be rewarded uh ultimately<00:17:16.839> every<00:17:17.520> sort<00:17:17.760> of<00:17:17.880> incentive<00:17:18.199> role 00:17:18.309 --> 00:17:18.319 align:start position:0% ultimately every sort of incentive role 00:17:18.319 --> 00:17:20.069 align:start position:0% ultimately every sort of incentive role that<00:17:18.400> you<00:17:18.520> come<00:17:18.640> up<00:17:18.839> with<00:17:19.280> encodes<00:17:19.720> a<00:17:19.839> notion 00:17:20.069 --> 00:17:20.079 align:start position:0% that you come up with encodes a notion 00:17:20.079 --> 00:17:22.510 align:start position:0% that you come up with encodes a notion of<00:17:20.280> distance<00:17:20.880> to<00:17:21.039> say<00:17:21.319> whether<00:17:21.959> like<00:17:22.120> a<00:17:22.240> given 00:17:22.510 --> 00:17:22.520 align:start position:0% of distance to say whether like a given 00:17:22.520 --> 00:17:26.069 align:start position:0% of distance to say whether like a given participant<00:17:23.079> is<00:17:23.280> close<00:17:23.720> or<00:17:24.079> not<00:17:25.079> uh<00:17:25.520> and<00:17:25.919> uh 00:17:26.069 --> 00:17:26.079 align:start position:0% participant is close or not uh and uh 00:17:26.079 --> 00:17:27.909 align:start position:0% participant is close or not uh and uh for<00:17:26.319> the<00:17:26.760> voting<00:17:27.079> by<00:17:27.199> intervals<00:17:27.559> thing<00:17:27.720> I<00:17:27.799> have 00:17:27.909 --> 00:17:27.919 align:start position:0% for the voting by intervals thing I have 00:17:27.919 --> 00:17:29.270 align:start position:0% for the voting by intervals thing I have this<00:17:28.039> really<00:17:28.240> complicated<00:17:28.640> form<00:17:28.880> formula 00:17:29.270 --> 00:17:29.280 align:start position:0% this really complicated form formula 00:17:29.280 --> 00:17:31.350 align:start position:0% this really complicated form formula that<00:17:29.400> I<00:17:29.559> use<00:17:29.799> as<00:17:29.880> an<00:17:30.039> incentive<00:17:30.440> rule<00:17:31.120> uh<00:17:31.240> at 00:17:31.350 --> 00:17:31.360 align:start position:0% that I use as an incentive rule uh at 00:17:31.360 --> 00:17:33.590 align:start position:0% that I use as an incentive rule uh at least<00:17:31.840> like<00:17:32.000> tentatively<00:17:32.960> uh<00:17:33.039> that<00:17:33.160> tries<00:17:33.440> to 00:17:33.590 --> 00:17:33.600 align:start position:0% least like tentatively uh that tries to 00:17:33.600 --> 00:17:34.990 align:start position:0% least like tentatively uh that tries to balance<00:17:34.039> the<00:17:34.200> fact<00:17:34.520> that<00:17:34.640> you<00:17:34.760> want<00:17:34.880> to 00:17:34.990 --> 00:17:35.000 align:start position:0% balance the fact that you want to 00:17:35.000 --> 00:17:36.310 align:start position:0% balance the fact that you want to encourage<00:17:35.320> people<00:17:35.480> to<00:17:35.600> submit<00:17:35.880> really<00:17:36.039> small 00:17:36.310 --> 00:17:36.320 align:start position:0% encourage people to submit really small 00:17:36.320 --> 00:17:38.549 align:start position:0% encourage people to submit really small intervals<00:17:37.320> uh<00:17:37.480> which<00:17:37.559> is<00:17:37.720> the<00:17:37.799> first<00:17:38.039> term<00:17:38.440> and 00:17:38.549 --> 00:17:38.559 align:start position:0% intervals uh which is the first term and 00:17:38.559 --> 00:17:40.070 align:start position:0% intervals uh which is the first term and at<00:17:38.640> the<00:17:38.760> same<00:17:38.880> time<00:17:39.039> you<00:17:39.160> want<00:17:39.320> to<00:17:39.640> encourage 00:17:40.070 --> 00:17:40.080 align:start position:0% at the same time you want to encourage 00:17:40.080 --> 00:17:41.669 align:start position:0% at the same time you want to encourage people<00:17:40.360> to<00:17:40.520> be<00:17:40.919> you<00:17:41.039> want<00:17:41.120> to<00:17:41.320> like<00:17:41.480> really 00:17:41.669 --> 00:17:41.679 align:start position:0% people to be you want to like really 00:17:41.679 --> 00:17:43.070 align:start position:0% people to be you want to like really reward<00:17:42.039> people<00:17:42.240> if<00:17:42.360> they<00:17:42.480> vote<00:17:42.640> on<00:17:42.760> the<00:17:42.880> right 00:17:43.070 --> 00:17:43.080 align:start position:0% reward people if they vote on the right 00:17:43.080 --> 00:17:45.270 align:start position:0% reward people if they vote on the right sight<00:17:43.480> side<00:17:43.640> of<00:17:43.760> the<00:17:43.840> points<00:17:44.039> of<00:17:44.200> conflict<00:17:45.160> uh 00:17:45.270 --> 00:17:45.280 align:start position:0% sight side of the points of conflict uh 00:17:45.280 --> 00:17:48.150 align:start position:0% sight side of the points of conflict uh so<00:17:45.480> that<00:17:45.600> if<00:17:45.720> there's<00:17:46.200> like<00:17:47.200> like<00:17:47.360> a<00:17:47.600> point 00:17:48.150 --> 00:17:48.160 align:start position:0% so that if there's like like a point 00:17:48.160 --> 00:17:49.909 align:start position:0% so that if there's like like a point where<00:17:48.400> the<00:17:48.559> system<00:17:48.919> could<00:17:49.400> go<00:17:49.559> a<00:17:49.679> different 00:17:49.909 --> 00:17:49.919 align:start position:0% where the system could go a different 00:17:49.919 --> 00:17:51.590 align:start position:0% where the system could go a different way<00:17:50.039> and<00:17:50.160> choose<00:17:50.360> a<00:17:50.480> different<00:17:50.679> answer<00:17:51.400> uh<00:17:51.480> you 00:17:51.590 --> 00:17:51.600 align:start position:0% way and choose a different answer uh you 00:17:51.600 --> 00:17:53.430 align:start position:0% way and choose a different answer uh you want<00:17:51.799> to<00:17:51.960> like<00:17:52.080> raise<00:17:52.360> the<00:17:52.480> six<00:17:52.880> on<00:17:53.039> people<00:17:53.240> so 00:17:53.430 --> 00:17:53.440 align:start position:0% want to like raise the six on people so 00:17:53.440 --> 00:17:54.909 align:start position:0% want to like raise the six on people so that<00:17:53.559> an<00:17:53.679> attacker<00:17:54.039> that<00:17:54.160> winds<00:17:54.400> up<00:17:54.520> losing 00:17:54.909 --> 00:17:54.919 align:start position:0% that an attacker that winds up losing 00:17:54.919 --> 00:17:57.350 align:start position:0% that an attacker that winds up losing like<00:17:55.280> loses<00:17:55.960> a<00:17:56.039> lot<00:17:56.159> of<00:17:56.480> you<00:17:56.559> know<00:17:56.679> that<00:17:56.799> much 00:17:57.350 --> 00:17:57.360 align:start position:0% like loses a lot of you know that much 00:17:57.360 --> 00:18:00.070 align:start position:0% like loses a lot of you know that much more<00:17:58.360> um<00:17:59.039> so<00:17:59.200> if<00:17:59.320> anybody's<00:17:59.679> interested<00:17:59.960> in 00:18:00.070 --> 00:18:00.080 align:start position:0% more um so if anybody's interested in 00:18:00.080 --> 00:18:01.390 align:start position:0% more um so if anybody's interested in that<00:18:00.200> formula<00:18:00.559> feel<00:18:00.679> free<00:18:00.840> to<00:18:00.919> talk<00:18:01.039> to<00:18:01.159> me<00:18:01.320> we 00:18:01.390 --> 00:18:01.400 align:start position:0% that formula feel free to talk to me we 00:18:01.400 --> 00:18:04.149 align:start position:0% that formula feel free to talk to me we can<00:18:01.520> we<00:18:01.600> can<00:18:01.720> dig<00:18:01.919> into<00:18:02.120> it<00:18:03.000> uh<00:18:03.280> and<00:18:03.440> then<00:18:03.799> like 00:18:04.149 --> 00:18:04.159 align:start position:0% can we can dig into it uh and then like 00:18:04.159 --> 00:18:06.070 align:start position:0% can we can dig into it uh and then like the<00:18:04.320> different<00:18:05.080> metrics<00:18:05.520> that<00:18:05.679> people<00:18:05.919> have 00:18:06.070 --> 00:18:06.080 align:start position:0% the different metrics that people have 00:18:06.080 --> 00:18:07.789 align:start position:0% the different metrics that people have used<00:18:06.799> uh<00:18:06.919> just<00:18:07.039> to<00:18:07.120> summarize<00:18:07.480> the<00:18:07.559> three<00:18:07.720> that 00:18:07.789 --> 00:18:07.799 align:start position:0% used uh just to summarize the three that 00:18:07.799 --> 00:18:09.470 align:start position:0% used uh just to summarize the three that we've<00:18:08.000> looked<00:18:08.200> at<00:18:08.559> so<00:18:08.760> there's<00:18:09.039> this<00:18:09.200> notion 00:18:09.470 --> 00:18:09.480 align:start position:0% we've looked at so there's this notion 00:18:09.480 --> 00:18:11.630 align:start position:0% we've looked at so there's this notion of<00:18:09.640> being<00:18:10.000> close<00:18:10.280> if<00:18:10.400> you're<00:18:10.600> close<00:18:11.039> to<00:18:11.520> like 00:18:11.630 --> 00:18:11.640 align:start position:0% of being close if you're close to like 00:18:11.640 --> 00:18:14.230 align:start position:0% of being close if you're close to like as<00:18:11.760> a<00:18:11.880> percentage<00:18:12.240> of<00:18:12.320> the<00:18:12.600> output<00:18:13.600> uh<00:18:13.840> there's 00:18:14.230 --> 00:18:14.240 align:start position:0% as a percentage of the output uh there's 00:18:14.240 --> 00:18:16.549 align:start position:0% as a percentage of the output uh there's a<00:18:14.440> notion<00:18:15.000> of<00:18:15.240> being<00:18:15.559> close<00:18:15.840> if<00:18:15.960> you're<00:18:16.159> closer 00:18:16.549 --> 00:18:16.559 align:start position:0% a notion of being close if you're closer 00:18:16.559 --> 00:18:18.510 align:start position:0% a notion of being close if you're closer than<00:18:16.760> other<00:18:17.039> people<00:18:17.880> uh<00:18:18.000> these<00:18:18.120> are<00:18:18.240> different 00:18:18.510 --> 00:18:18.520 align:start position:0% than other people uh these are different 00:18:18.520 --> 00:18:19.830 align:start position:0% than other people uh these are different things<00:18:18.880> and<00:18:19.039> then<00:18:19.200> there's<00:18:19.400> that<00:18:19.600> crazy 00:18:19.830 --> 00:18:19.840 align:start position:0% things and then there's that crazy 00:18:19.840 --> 00:18:21.110 align:start position:0% things and then there's that crazy formula<00:18:20.240> from<00:18:20.360> different<00:18:20.600> page<00:18:20.840> which<00:18:20.960> is 00:18:21.110 --> 00:18:21.120 align:start position:0% formula from different page which is 00:18:21.120 --> 00:18:23.470 align:start position:0% formula from different page which is about<00:18:21.919> being<00:18:22.200> on<00:18:22.360> the<00:18:22.520> right<00:18:22.840> side<00:18:23.080> of<00:18:23.280> points 00:18:23.470 --> 00:18:23.480 align:start position:0% about being on the right side of points 00:18:23.480 --> 00:18:26.029 align:start position:0% about being on the right side of points of<00:18:23.679> conflict<00:18:24.520> uh<00:18:24.600> so<00:18:24.799> sort<00:18:24.919> of<00:18:25.080> being<00:18:25.400> close 00:18:26.029 --> 00:18:26.039 align:start position:0% of conflict uh so sort of being close 00:18:26.039 --> 00:18:28.590 align:start position:0% of conflict uh so sort of being close when<00:18:26.200> it<00:18:26.480> matters<00:18:27.480> and<00:18:27.880> if<00:18:28.200> like<00:18:28.320> everybody 00:18:28.590 --> 00:18:28.600 align:start position:0% when it matters and if like everybody 00:18:28.600 --> 00:18:29.990 align:start position:0% when it matters and if like everybody kind<00:18:28.919> agreed<00:18:29.159> it<00:18:29.280> doesn't<00:18:29.520> matter<00:18:29.679> so<00:18:29.840> much 00:18:29.990 --> 00:18:30.000 align:start position:0% kind agreed it doesn't matter so much 00:18:30.000 --> 00:18:31.430 align:start position:0% kind agreed it doesn't matter so much and<00:18:30.159> the<00:18:30.320> formula<00:18:30.679> doesn't<00:18:30.919> care<00:18:31.159> as<00:18:31.280> much 00:18:31.430 --> 00:18:31.440 align:start position:0% and the formula doesn't care as much 00:18:31.440 --> 00:18:33.190 align:start position:0% and the formula doesn't care as much about<00:18:31.640> whether<00:18:31.840> you<00:18:31.960> know<00:18:32.240> how<00:18:32.360> you 00:18:33.190 --> 00:18:33.200 align:start position:0% about whether you know how you 00:18:33.200 --> 00:18:35.750 align:start position:0% about whether you know how you voted<00:18:34.200> uh<00:18:34.679> summarizing<00:18:35.320> how<00:18:35.480> different 00:18:35.750 --> 00:18:35.760 align:start position:0% voted uh summarizing how different 00:18:35.760 --> 00:18:37.149 align:start position:0% voted uh summarizing how different projects<00:18:36.080> have<00:18:36.240> taken<00:18:36.679> the<00:18:36.799> different<00:18:36.960> things 00:18:37.149 --> 00:18:37.159 align:start position:0% projects have taken the different things 00:18:37.159 --> 00:18:39.870 align:start position:0% projects have taken the different things they've<00:18:37.320> done<00:18:37.559> on<00:18:37.919> on<00:18:38.159> on<00:18:38.280> these<00:18:38.640> choices<00:18:39.640> uh 00:18:39.870 --> 00:18:39.880 align:start position:0% they've done on on on these choices uh 00:18:39.880 --> 00:18:41.909 align:start position:0% they've done on on on these choices uh so<00:18:40.360> shelling<00:18:40.720> coin<00:18:40.919> and<00:18:41.000> chain<00:18:41.280> link<00:18:41.720> like<00:18:41.840> the 00:18:41.909 --> 00:18:41.919 align:start position:0% so shelling coin and chain link like the 00:18:41.919 --> 00:18:44.070 align:start position:0% so shelling coin and chain link like the format<00:18:42.159> of<00:18:42.240> the<00:18:42.320> vot<00:18:42.480> is<00:18:42.679> a<00:18:42.799> number<00:18:43.320> as<00:18:43.480> such 00:18:44.070 --> 00:18:44.080 align:start position:0% format of the vot is a number as such 00:18:44.080 --> 00:18:46.029 align:start position:0% format of the vot is a number as such the<00:18:44.200> only<00:18:44.440> real<00:18:44.960> reasonable<00:18:45.640> aggregation 00:18:46.029 --> 00:18:46.039 align:start position:0% the only real reasonable aggregation 00:18:46.039 --> 00:18:48.149 align:start position:0% the only real reasonable aggregation mechanism<00:18:46.440> is<00:18:46.559> just<00:18:46.640> to<00:18:46.720> take<00:18:46.840> the<00:18:47.039> median<00:18:48.039> uh 00:18:48.149 --> 00:18:48.159 align:start position:0% mechanism is just to take the median uh 00:18:48.159 --> 00:18:49.549 align:start position:0% mechanism is just to take the median uh for<00:18:48.280> the<00:18:48.400> interval<00:18:48.799> approach<00:18:49.159> I<00:18:49.240> have<00:18:49.400> more 00:18:49.549 --> 00:18:49.559 align:start position:0% for the interval approach I have more 00:18:49.559 --> 00:18:51.029 align:start position:0% for the interval approach I have more complicated<00:18:49.960> information<00:18:50.440> that<00:18:50.520> means<00:18:50.760> I<00:18:50.840> can 00:18:51.029 --> 00:18:51.039 align:start position:0% complicated information that means I can 00:18:51.039 --> 00:18:54.630 align:start position:0% complicated information that means I can take<00:18:51.520> more<00:18:51.760> complicated<00:18:52.240> aggregation<00:18:53.120> rules 00:18:54.630 --> 00:18:54.640 align:start position:0% take more complicated aggregation rules 00:18:54.640 --> 00:18:57.230 align:start position:0% take more complicated aggregation rules um<00:18:55.640> some<00:18:55.919> projects<00:18:56.240> I<00:18:56.320> didn't<00:18:56.640> talk<00:18:56.919> very<00:18:57.080> much 00:18:57.230 --> 00:18:57.240 align:start position:0% um some projects I didn't talk very much 00:18:57.240 --> 00:19:00.990 align:start position:0% um some projects I didn't talk very much about<00:18:58.240> uh<00:18:59.000> projects<00:18:59.480> also<00:18:59.840> have<00:19:00.120> you<00:19:00.240> know 00:19:00.990 --> 00:19:01.000 align:start position:0% about uh projects also have you know 00:19:01.000 --> 00:19:02.950 align:start position:0% about uh projects also have you know that<00:19:01.400> have<00:19:01.720> vote<00:19:01.960> vote<00:19:02.120> formats<00:19:02.440> of<00:19:02.600> numbers 00:19:02.950 --> 00:19:02.960 align:start position:0% that have vote vote formats of numbers 00:19:02.960 --> 00:19:05.110 align:start position:0% that have vote vote formats of numbers also<00:19:03.240> take<00:19:03.400> the<00:19:03.520> median<00:19:04.360> py<00:19:04.760> which<00:19:04.880> is<00:19:05.000> an 00:19:05.110 --> 00:19:05.120 align:start position:0% also take the median py which is an 00:19:05.120 --> 00:19:06.390 align:start position:0% also take the median py which is an interesting<00:19:05.480> example<00:19:05.880> they<00:19:06.080> also<00:19:06.240> have 00:19:06.390 --> 00:19:06.400 align:start position:0% interesting example they also have 00:19:06.400 --> 00:19:07.710 align:start position:0% interesting example they also have something<00:19:06.600> where<00:19:06.760> you<00:19:06.919> have<00:19:07.440> submit 00:19:07.710 --> 00:19:07.720 align:start position:0% something where you have submit 00:19:07.720 --> 00:19:08.630 align:start position:0% something where you have submit something<00:19:07.880> that's<00:19:08.000> kind<00:19:08.120> of<00:19:08.320> like<00:19:08.440> something 00:19:08.630 --> 00:19:08.640 align:start position:0% something that's kind of like something 00:19:08.640 --> 00:19:10.070 align:start position:0% something that's kind of like something like<00:19:08.760> an<00:19:08.880> interval<00:19:09.679> uh<00:19:09.799> they<00:19:09.880> have<00:19:09.960> a 00:19:10.070 --> 00:19:10.080 align:start position:0% like an interval uh they have a 00:19:10.080 --> 00:19:13.029 align:start position:0% like an interval uh they have a different<00:19:10.320> aggregation<00:19:11.039> mechanism<00:19:12.039> uh<00:19:12.440> and 00:19:13.029 --> 00:19:13.039 align:start position:0% different aggregation mechanism uh and 00:19:13.039 --> 00:19:14.590 align:start position:0% different aggregation mechanism uh and um<00:19:13.480> you<00:19:13.559> know<00:19:13.760> I<00:19:13.880> just<00:19:14.000> want<00:19:14.120> to<00:19:14.200> say<00:19:14.360> there's<00:19:14.520> a 00:19:14.590 --> 00:19:14.600 align:start position:0% um you know I just want to say there's a 00:19:14.600 --> 00:19:16.750 align:start position:0% um you know I just want to say there's a lot<00:19:14.760> of<00:19:14.960> sort<00:19:15.120> of<00:19:15.280> room<00:19:15.440> for<00:19:15.679> experiments 00:19:16.750 --> 00:19:16.760 align:start position:0% lot of sort of room for experiments 00:19:16.760 --> 00:19:21.430 align:start position:0% lot of sort of room for experiments here<00:19:17.760> uh<00:19:17.960> so<00:19:19.000> concluding<00:19:20.000> uh<00:19:20.280> historically<00:19:21.280> on 00:19:21.430 --> 00:19:21.440 align:start position:0% here uh so concluding uh historically on 00:19:21.440 --> 00:19:23.110 align:start position:0% here uh so concluding uh historically on this<00:19:21.600> like<00:19:21.760> delegated<00:19:22.200> to<00:19:22.360> crowd<00:19:22.600> model<00:19:22.960> most 00:19:23.110 --> 00:19:23.120 align:start position:0% this like delegated to crowd model most 00:19:23.120 --> 00:19:24.350 align:start position:0% this like delegated to crowd model most people<00:19:23.280> have<00:19:23.400> been<00:19:23.559> interested<00:19:23.880> in<00:19:24.080> price 00:19:24.350 --> 00:19:24.360 align:start position:0% people have been interested in price 00:19:24.360 --> 00:19:26.270 align:start position:0% people have been interested in price oracles<00:19:25.360> if<00:19:25.440> you<00:19:25.520> want<00:19:25.600> a<00:19:25.720> price<00:19:25.919> Oracle<00:19:26.200> that 00:19:26.270 --> 00:19:26.280 align:start position:0% oracles if you want a price Oracle that 00:19:26.280 --> 00:19:27.830 align:start position:0% oracles if you want a price Oracle that updates<00:19:26.600> like<00:19:26.720> really<00:19:27.000> fast<00:19:27.360> you<00:19:27.600> probably 00:19:27.830 --> 00:19:27.840 align:start position:0% updates like really fast you probably 00:19:27.840 --> 00:19:30.110 align:start position:0% updates like really fast you probably needed<00:19:28.080> a<00:19:28.320> price<00:19:28.799> like<00:19:28.919> a<00:19:29.039> delegated<00:19:29.480> model 00:19:30.110 --> 00:19:30.120 align:start position:0% needed a price like a delegated model 00:19:30.120 --> 00:19:31.549 align:start position:0% needed a price like a delegated model particularly<00:19:30.720> in<00:19:30.880> like<00:19:31.000> a<00:19:31.120> high<00:19:31.320> gas 00:19:31.549 --> 00:19:31.559 align:start position:0% particularly in like a high gas 00:19:31.559 --> 00:19:33.470 align:start position:0% particularly in like a high gas environment<00:19:32.400> maybe<00:19:32.679> even<00:19:32.840> in<00:19:32.960> a<00:19:33.080> low<00:19:33.320> gas 00:19:33.470 --> 00:19:33.480 align:start position:0% environment maybe even in a low gas 00:19:33.480 --> 00:19:34.510 align:start position:0% environment maybe even in a low gas environment<00:19:33.840> just<00:19:33.960> because<00:19:34.120> you<00:19:34.200> want<00:19:34.360> people 00:19:34.510 --> 00:19:34.520 align:start position:0% environment just because you want people 00:19:34.520 --> 00:19:36.070 align:start position:0% environment just because you want people to<00:19:34.600> be<00:19:34.720> able<00:19:34.880> to<00:19:35.000> provide<00:19:35.320> information<00:19:35.840> with 00:19:36.070 --> 00:19:36.080 align:start position:0% to be able to provide information with 00:19:36.080 --> 00:19:40.190 align:start position:0% to be able to provide information with like<00:19:36.760> very<00:19:36.919> low<00:19:37.120> life<00:19:37.679> time<00:19:38.679> uh<00:19:39.520> but<00:19:39.919> if<00:19:40.039> you 00:19:40.190 --> 00:19:40.200 align:start position:0% like very low life time uh but if you 00:19:40.200 --> 00:19:42.029 align:start position:0% like very low life time uh but if you consider<00:19:40.559> more<00:19:40.960> bespoke<00:19:41.440> questions 00:19:42.029 --> 00:19:42.039 align:start position:0% consider more bespoke questions 00:19:42.039 --> 00:19:43.270 align:start position:0% consider more bespoke questions subjective<00:19:42.520> questions<00:19:42.799> that<00:19:42.919> you<00:19:43.039> might<00:19:43.159> have 00:19:43.270 --> 00:19:43.280 align:start position:0% subjective questions that you might have 00:19:43.280 --> 00:19:46.149 align:start position:0% subjective questions that you might have in<00:19:43.400> a<00:19:43.480> claros<00:19:43.799> select<00:19:44.280> platform<00:19:45.280> that<00:19:46.039> you 00:19:46.149 --> 00:19:46.159 align:start position:0% in a claros select platform that you 00:19:46.159 --> 00:19:47.789 align:start position:0% in a claros select platform that you know<00:19:46.360> now<00:19:46.520> you<00:19:46.679> open<00:19:46.880> up<00:19:47.039> this<00:19:47.200> design<00:19:47.559> space 00:19:47.789 --> 00:19:47.799 align:start position:0% know now you open up this design space 00:19:47.799 --> 00:19:48.909 align:start position:0% know now you open up this design space and<00:19:47.919> you<00:19:48.039> get<00:19:48.240> back<00:19:48.360> to<00:19:48.480> this<00:19:48.600> question<00:19:48.799> of 00:19:48.909 --> 00:19:48.919 align:start position:0% and you get back to this question of 00:19:48.919 --> 00:19:50.350 align:start position:0% and you get back to this question of like<00:19:49.039> digging<00:19:49.320> in<00:19:49.559> like<00:19:49.919> what<00:19:50.080> kind<00:19:50.240> of 00:19:50.350 --> 00:19:50.360 align:start position:0% like digging in like what kind of 00:19:50.360 --> 00:19:52.110 align:start position:0% like digging in like what kind of oracles<00:19:50.840> can<00:19:51.000> we<00:19:51.200> design<00:19:51.679> and<00:19:51.760> it<00:19:51.880> does<00:19:52.000> it 00:19:52.110 --> 00:19:52.120 align:start position:0% oracles can we design and it does it 00:19:52.120 --> 00:19:54.390 align:start position:0% oracles can we design and it does it make<00:19:52.200> sense<00:19:52.360> to<00:19:52.480> go<00:19:52.559> back<00:19:52.720> to<00:19:52.840> a<00:19:52.919> crowd<00:19:53.400> model 00:19:54.390 --> 00:19:54.400 align:start position:0% make sense to go back to a crowd model 00:19:54.400 --> 00:19:56.270 align:start position:0% make sense to go back to a crowd model uh<00:19:54.840> we've<00:19:55.200> come<00:19:55.360> up<00:19:55.480> with<00:19:55.600> measures<00:19:55.960> to<00:19:56.120> talk 00:19:56.270 --> 00:19:56.280 align:start position:0% uh we've come up with measures to talk 00:19:56.280 --> 00:19:58.310 align:start position:0% uh we've come up with measures to talk about<00:19:56.520> how<00:19:56.760> microcheating<00:19:57.440> varies<00:19:57.760> from<00:19:57.919> one 00:19:58.310 --> 00:19:58.320 align:start position:0% about how microcheating varies from one 00:19:58.320 --> 00:20:01.470 align:start position:0% about how microcheating varies from one sort<00:19:58.520> of<00:19:58.799> approach<00:19:59.080> to<00:19:59.440> another<00:20:00.440> uh<00:20:00.760> the 00:20:01.470 --> 00:20:01.480 align:start position:0% sort of approach to another uh the 00:20:01.480 --> 00:20:02.950 align:start position:0% sort of approach to another uh the delegated<00:20:02.039> approach<00:20:02.480> it<00:20:02.600> leaves<00:20:02.799> its 00:20:02.950 --> 00:20:02.960 align:start position:0% delegated approach it leaves its 00:20:02.960 --> 00:20:05.789 align:start position:0% delegated approach it leaves its incentives<00:20:03.360> to<00:20:03.600> just<00:20:04.240> like<00:20:05.240> the<00:20:05.440> threat<00:20:05.640> of 00:20:05.789 --> 00:20:05.799 align:start position:0% incentives to just like the threat of 00:20:05.799 --> 00:20:07.510 align:start position:0% incentives to just like the threat of being<00:20:06.000> thrown<00:20:06.280> out<00:20:06.400> of<00:20:06.520> the<00:20:06.720> platform<00:20:07.240> so<00:20:07.440> they 00:20:07.510 --> 00:20:07.520 align:start position:0% being thrown out of the platform so they 00:20:07.520 --> 00:20:08.950 align:start position:0% being thrown out of the platform so they don't<00:20:07.679> really<00:20:07.840> have<00:20:08.080> explicit<00:20:08.600> incentive 00:20:08.950 --> 00:20:08.960 align:start position:0% don't really have explicit incentive 00:20:08.960 --> 00:20:10.950 align:start position:0% don't really have explicit incentive rules<00:20:09.799> uh<00:20:09.960> but<00:20:10.080> if<00:20:10.159> you<00:20:10.240> want<00:20:10.360> a<00:20:10.480> crowd<00:20:10.720> model 00:20:10.950 --> 00:20:10.960 align:start position:0% rules uh but if you want a crowd model 00:20:10.960 --> 00:20:12.149 align:start position:0% rules uh but if you want a crowd model you<00:20:11.120> really<00:20:11.240> have<00:20:11.320> to<00:20:11.440> think<00:20:11.679> like<00:20:11.919> what<00:20:12.039> are 00:20:12.149 --> 00:20:12.159 align:start position:0% you really have to think like what are 00:20:12.159 --> 00:20:14.710 align:start position:0% you really have to think like what are my<00:20:12.520> what's<00:20:12.640> my<00:20:12.760> incentive<00:20:13.080> rule<00:20:13.880> uh<00:20:14.159> and<00:20:14.440> I 00:20:14.710 --> 00:20:14.720 align:start position:0% my what's my incentive rule uh and I 00:20:14.720 --> 00:20:16.270 align:start position:0% my what's my incentive rule uh and I there's<00:20:14.919> a<00:20:15.080> lot<00:20:15.240> of<00:20:15.559> open<00:20:15.880> interesting 00:20:16.270 --> 00:20:16.280 align:start position:0% there's a lot of open interesting 00:20:16.280 --> 00:20:17.630 align:start position:0% there's a lot of open interesting research<00:20:16.760> there<00:20:16.919> so<00:20:17.080> if<00:20:17.159> you're<00:20:17.320> interested 00:20:17.630 --> 00:20:17.640 align:start position:0% research there so if you're interested 00:20:17.640 --> 00:20:19.990 align:start position:0% research there so if you're interested in<00:20:17.799> that<00:20:17.919> you<00:20:18.039> know<00:20:18.440> reach<00:20:18.679> out<00:20:19.520> uh<00:20:19.679> and<00:20:19.840> I'm 00:20:19.990 --> 00:20:20.000 align:start position:0% in that you know reach out uh and I'm 00:20:20.000 --> 00:20:22.440 align:start position:0% in that you know reach out uh and I'm happy<00:20:20.240> to<00:20:20.360> take<00:20:20.559> questions 00:20:22.440 --> 00:20:22.450 align:start position:0% happy to take questions 00:20:22.450 --> 00:20:28.990 align:start position:0% happy to take questions [Applause] 00:20:28.990 --> 00:20:29.000 align:start position:0% [Applause] 00:20:29.000 --> 00:20:30.390 align:start position:0% [Applause] so<00:20:29.159> we've<00:20:29.360> got<00:20:29.559> quite<00:20:29.720> a<00:20:29.840> few<00:20:30.039> questions 00:20:30.390 --> 00:20:30.400 align:start position:0% so we've got quite a few questions 00:20:30.400 --> 00:20:33.390 align:start position:0% so we've got quite a few questions streaming<00:20:30.799> in<00:20:31.559> um<00:20:32.200> as<00:20:32.360> a<00:20:32.520> wider<00:20:32.880> variety<00:20:33.280> of 00:20:33.390 --> 00:20:33.400 align:start position:0% streaming in um as a wider variety of 00:20:33.400 --> 00:20:35.789 align:start position:0% streaming in um as a wider variety of RWS<00:20:34.120> get<00:20:34.320> tokenized<00:20:34.960> How<00:20:35.159> concerned<00:20:35.559> are<00:20:35.679> you 00:20:35.789 --> 00:20:35.799 align:start position:0% RWS get tokenized How concerned are you 00:20:35.799 --> 00:20:37.950 align:start position:0% RWS get tokenized How concerned are you that<00:20:35.960> oracles<00:20:36.480> become<00:20:36.799> a<00:20:36.919> point<00:20:37.159> of 00:20:37.950 --> 00:20:37.960 align:start position:0% that oracles become a point of 00:20:37.960 --> 00:20:42.549 align:start position:0% that oracles become a point of failure<00:20:38.960> yeah<00:20:39.559> so<00:20:40.559> like<00:20:41.280> the<00:20:41.400> more<00:20:41.960> things<00:20:42.280> you 00:20:42.549 --> 00:20:42.559 align:start position:0% failure yeah so like the more things you 00:20:42.559 --> 00:20:44.630 align:start position:0% failure yeah so like the more things you have<00:20:43.159> that<00:20:43.440> like<00:20:43.640> that<00:20:43.760> are<00:20:44.120> integrated<00:20:44.520> in 00:20:44.630 --> 00:20:44.640 align:start position:0% have that like that are integrated in 00:20:44.640 --> 00:20:45.990 align:start position:0% have that like that are integrated in like<00:20:44.799> important<00:20:45.080> ways<00:20:45.200> in<00:20:45.320> your<00:20:45.440> system<00:20:45.760> the 00:20:45.990 --> 00:20:46.000 align:start position:0% like important ways in your system the 00:20:46.000 --> 00:20:49.070 align:start position:0% like important ways in your system the more<00:20:46.360> Tax<00:20:46.640> Service<00:20:47.039> you<00:20:47.240> have<00:20:48.240> uh<00:20:48.400> you<00:20:48.520> know<00:20:48.880> if 00:20:49.070 --> 00:20:49.080 align:start position:0% more Tax Service you have uh you know if 00:20:49.080 --> 00:20:51.270 align:start position:0% more Tax Service you have uh you know if you<00:20:49.280> have<00:20:49.760> real<00:20:50.039> world<00:20:50.280> assets<00:20:50.760> that<00:20:51.080> people 00:20:51.270 --> 00:20:51.280 align:start position:0% you have real world assets that people 00:20:51.280 --> 00:20:52.510 align:start position:0% you have real world assets that people are<00:20:51.400> really<00:20:51.559> engaged<00:20:51.960> with<00:20:52.080> and<00:20:52.159> they're 00:20:52.510 --> 00:20:52.520 align:start position:0% are really engaged with and they're 00:20:52.520 --> 00:20:53.990 align:start position:0% are really engaged with and they're providing<00:20:52.840> information<00:20:53.200> you<00:20:53.320> have<00:20:53.520> lot<00:20:53.720> of 00:20:53.990 --> 00:20:54.000 align:start position:0% providing information you have lot of 00:20:54.000 --> 00:20:56.350 align:start position:0% providing information you have lot of lots<00:20:54.159> of<00:20:54.440> Watchers<00:20:55.440> uh<00:20:55.520> you<00:20:55.640> know<00:20:55.840> a<00:20:55.960> priori<00:20:56.280> it 00:20:56.350 --> 00:20:56.360 align:start position:0% lots of Watchers uh you know a priori it 00:20:56.360 --> 00:20:57.430 align:start position:0% lots of Watchers uh you know a priori it shouldn't<00:20:56.600> be<00:20:56.679> so<00:20:56.840> bad<00:20:57.000> but<00:20:57.080> we<00:20:57.200> definitely 00:20:57.430 --> 00:20:57.440 align:start position:0% shouldn't be so bad but we definitely 00:20:57.440 --> 00:20:59.310 align:start position:0% shouldn't be so bad but we definitely want<00:20:57.520> to<00:20:57.720> like<00:20:57.919> think<00:20:58.240> about<00:20:58.640> how<00:20:58.960> rigorous 00:20:59.310 --> 00:20:59.320 align:start position:0% want to like think about how rigorous 00:20:59.320 --> 00:21:02.710 align:start position:0% want to like think about how rigorous our<00:20:59.440> oracles<00:21:00.159> are<00:21:01.159> uh<00:21:01.280> how<00:21:01.440> do<00:21:01.640> crowd<00:21:02.080> oracles 00:21:02.710 --> 00:21:02.720 align:start position:0% our oracles are uh how do crowd oracles 00:21:02.720 --> 00:21:05.630 align:start position:0% our oracles are uh how do crowd oracles typically<00:21:03.320> Implement<00:21:03.880> Cil<00:21:04.480> resistance<00:21:05.480> yeah 00:21:05.630 --> 00:21:05.640 align:start position:0% typically Implement Cil resistance yeah 00:21:05.640 --> 00:21:08.549 align:start position:0% typically Implement Cil resistance yeah so<00:21:05.840> I<00:21:05.919> mean<00:21:06.120> it<00:21:06.280> depends<00:21:07.280> uh<00:21:07.400> for<00:21:07.640> claros<00:21:08.280> in<00:21:08.440> in 00:21:08.549 --> 00:21:08.559 align:start position:0% so I mean it depends uh for claros in in 00:21:08.559 --> 00:21:11.909 align:start position:0% so I mean it depends uh for claros in in claros<00:21:09.240> 1.0<00:21:10.240> uh<00:21:10.919> there<00:21:11.039> is<00:21:11.200> a<00:21:11.360> token<00:21:11.640> weighted 00:21:11.909 --> 00:21:11.919 align:start position:0% claros 1.0 uh there is a token weighted 00:21:11.919 --> 00:21:13.549 align:start position:0% claros 1.0 uh there is a token weighted drawing<00:21:12.400> so<00:21:12.799> there's<00:21:12.960> a<00:21:13.080> token<00:21:13.360> that 00:21:13.549 --> 00:21:13.559 align:start position:0% drawing so there's a token that 00:21:13.559 --> 00:21:15.110 align:start position:0% drawing so there's a token that participants<00:21:14.000> have<00:21:14.120> to<00:21:14.279> have<00:21:14.559> and<00:21:14.720> you<00:21:14.919> can't 00:21:15.110 --> 00:21:15.120 align:start position:0% participants have to have and you can't 00:21:15.120 --> 00:21:16.830 align:start position:0% participants have to have and you can't take<00:21:15.279> over<00:21:15.440> the<00:21:15.600> system<00:21:15.880> unless<00:21:16.120> you<00:21:16.279> have<00:21:16.720> you 00:21:16.830 --> 00:21:16.840 align:start position:0% take over the system unless you have you 00:21:16.840 --> 00:21:18.830 align:start position:0% take over the system unless you have you know<00:21:17.000> a<00:21:17.120> large<00:21:17.360> percentage<00:21:17.640> of<00:21:17.760> the<00:21:17.880> tokens<00:21:18.760> uh 00:21:18.830 --> 00:21:18.840 align:start position:0% know a large percentage of the tokens uh 00:21:18.840 --> 00:21:20.710 align:start position:0% know a large percentage of the tokens uh in<00:21:19.000> claros<00:21:19.360> 2.0<00:21:19.919> we've<00:21:20.159> considered 00:21:20.710 --> 00:21:20.720 align:start position:0% in claros 2.0 we've considered 00:21:20.720 --> 00:21:22.390 align:start position:0% in claros 2.0 we've considered additional<00:21:21.200> like<00:21:21.320> social<00:21:21.640> mechanisms<00:21:22.200> that 00:21:22.390 --> 00:21:22.400 align:start position:0% additional like social mechanisms that 00:21:22.400 --> 00:21:24.549 align:start position:0% additional like social mechanisms that like<00:21:23.200> that<00:21:23.400> token<00:21:23.640> mechanism<00:21:24.039> is<00:21:24.159> still<00:21:24.400> there 00:21:24.549 --> 00:21:24.559 align:start position:0% like that token mechanism is still there 00:21:24.559 --> 00:21:27.110 align:start position:0% like that token mechanism is still there but<00:21:24.880> also<00:21:25.880> uh<00:21:26.000> you<00:21:26.120> can<00:21:26.320> use<00:21:26.559> sort<00:21:26.720> of<00:21:26.799> proof<00:21:27.000> of 00:21:27.110 --> 00:21:27.120 align:start position:0% but also uh you can use sort of proof of 00:21:27.120 --> 00:21:29.110 align:start position:0% but also uh you can use sort of proof of person<00:21:27.520> tools<00:21:27.720> layered<00:21:28.039> on<00:21:28.200> top<00:21:28.320> of<00:21:28.400> that 00:21:29.110 --> 00:21:29.120 align:start position:0% person tools layered on top of that 00:21:29.120 --> 00:21:31.029 align:start position:0% person tools layered on top of that so<00:21:29.760> and<00:21:30.039> we've<00:21:30.279> we've<00:21:30.480> had<00:21:30.760> sort<00:21:30.919> of 00:21:31.029 --> 00:21:31.039 align:start position:0% so and we've we've had sort of 00:21:31.039 --> 00:21:32.430 align:start position:0% so and we've we've had sort of interesting<00:21:31.480> results<00:21:31.840> that<00:21:31.960> I<00:21:32.039> can<00:21:32.159> point<00:21:32.360> you 00:21:32.430 --> 00:21:32.440 align:start position:0% interesting results that I can point you 00:21:32.440 --> 00:21:34.430 align:start position:0% interesting results that I can point you to<00:21:32.600> if<00:21:32.679> you're<00:21:32.880> interested<00:21:33.880> uh<00:21:34.039> such<00:21:34.240> that<00:21:34.360> you 00:21:34.430 --> 00:21:34.440 align:start position:0% to if you're interested uh such that you 00:21:34.440 --> 00:21:35.750 align:start position:0% to if you're interested uh such that you can<00:21:34.559> design<00:21:34.799> a<00:21:34.960> system<00:21:35.279> that<00:21:35.400> where<00:21:35.480> you<00:21:35.600> both 00:21:35.750 --> 00:21:35.760 align:start position:0% can design a system that where you both 00:21:35.760 --> 00:21:36.750 align:start position:0% can design a system that where you both have<00:21:35.880> to<00:21:36.000> like<00:21:36.120> break<00:21:36.320> the<00:21:36.440> proof<00:21:36.640> of 00:21:36.750 --> 00:21:36.760 align:start position:0% have to like break the proof of 00:21:36.760 --> 00:21:39.070 align:start position:0% have to like break the proof of personhood<00:21:37.440> and<00:21:37.600> break<00:21:38.000> the<00:21:38.159> the<00:21:38.279> token<00:21:38.960> way 00:21:39.070 --> 00:21:39.080 align:start position:0% personhood and break the the token way 00:21:39.080 --> 00:21:41.950 align:start position:0% personhood and break the the token way to<00:21:39.200> draw<00:21:39.559> to<00:21:39.880> like<00:21:40.400> aot<00:21:41.240> mount<00:21:41.440> a<00:21:41.559> large<00:21:41.760> scale 00:21:41.950 --> 00:21:41.960 align:start position:0% to draw to like aot mount a large scale 00:21:41.960 --> 00:21:43.269 align:start position:0% to draw to like aot mount a large scale Cil 00:21:43.269 --> 00:21:43.279 align:start position:0% Cil 00:21:43.279 --> 00:21:46.110 align:start position:0% Cil attack<00:21:44.279> um<00:21:44.559> is<00:21:44.640> there<00:21:44.799> an<00:21:45.000> actual<00:21:45.480> objectively 00:21:46.110 --> 00:21:46.120 align:start position:0% attack um is there an actual objectively 00:21:46.120 --> 00:21:48.230 align:start position:0% attack um is there an actual objectively right<00:21:46.400> answer<00:21:46.720> or<00:21:46.919> truth<00:21:47.200> for<00:21:47.400> numbers<00:21:47.960> or<00:21:48.159> is 00:21:48.230 --> 00:21:48.240 align:start position:0% right answer or truth for numbers or is 00:21:48.240 --> 00:21:50.669 align:start position:0% right answer or truth for numbers or is it<00:21:48.480> something<00:21:48.919> that's<00:21:49.200> always<00:21:49.679> subjective 00:21:50.669 --> 00:21:50.679 align:start position:0% it something that's always subjective 00:21:50.679 --> 00:21:52.630 align:start position:0% it something that's always subjective like<00:21:50.799> I<00:21:50.880> would<00:21:51.039> argue<00:21:51.400> on<00:21:51.559> some<00:21:51.760> level<00:21:52.360> uh<00:21:52.559> if 00:21:52.630 --> 00:21:52.640 align:start position:0% like I would argue on some level uh if 00:21:52.640 --> 00:21:54.950 align:start position:0% like I would argue on some level uh if you<00:21:52.760> have<00:21:52.880> like<00:21:53.000> a<00:21:53.159> discret<00:21:53.679> question<00:21:54.679> uh<00:21:54.840> you 00:21:54.950 --> 00:21:54.960 align:start position:0% you have like a discret question uh you 00:21:54.960 --> 00:21:56.909 align:start position:0% you have like a discret question uh you know<00:21:55.120> you<00:21:55.240> can<00:21:55.440> you<00:21:55.559> can<00:21:55.720> talk<00:21:56.360> like<00:21:56.520> truly 00:21:56.909 --> 00:21:56.919 align:start position:0% know you can you can talk like truly 00:21:56.919 --> 00:21:59.029 align:start position:0% know you can you can talk like truly about<00:21:57.120> having<00:21:57.279> a<00:21:57.440> right<00:21:57.679> answer<00:21:58.400> uh<00:21:58.799> that<00:21:58.919> like 00:21:59.029 --> 00:21:59.039 align:start position:0% about having a right answer uh that like 00:21:59.039 --> 00:22:00.070 align:start position:0% about having a right answer uh that like an<00:21:59.159> answer<00:21:59.400> that's<00:21:59.520> better<00:21:59.720> than<00:21:59.799> any<00:21:59.919> of<00:22:00.000> the 00:22:00.070 --> 00:22:00.080 align:start position:0% an answer that's better than any of the 00:22:00.080 --> 00:22:01.470 align:start position:0% an answer that's better than any of the other<00:22:00.240> answers<00:22:00.600> if<00:22:00.679> you<00:22:00.760> have<00:22:00.880> a<00:22:01.039> number 00:22:01.470 --> 00:22:01.480 align:start position:0% other answers if you have a number 00:22:01.480 --> 00:22:04.230 align:start position:0% other answers if you have a number question<00:22:02.480> uh<00:22:02.960> you<00:22:03.080> know<00:22:03.240> people<00:22:03.720> if<00:22:03.840> you<00:22:03.960> zoom 00:22:04.230 --> 00:22:04.240 align:start position:0% question uh you know people if you zoom 00:22:04.240 --> 00:22:06.710 align:start position:0% question uh you know people if you zoom in<00:22:04.480> enough<00:22:04.880> can<00:22:05.039> always<00:22:05.440> disagree<00:22:06.440> people 00:22:06.710 --> 00:22:06.720 align:start position:0% in enough can always disagree people 00:22:06.720 --> 00:22:08.950 align:start position:0% in enough can always disagree people might<00:22:06.919> say<00:22:07.360> okay<00:22:07.640> yeah<00:22:07.960> we<00:22:08.080> agre<00:22:08.440> up<00:22:08.520> to<00:22:08.720> like 00:22:08.950 --> 00:22:08.960 align:start position:0% might say okay yeah we agre up to like 00:22:08.960 --> 00:22:11.149 align:start position:0% might say okay yeah we agre up to like the<00:22:09.200> you<00:22:09.279> know<00:22:09.559> thousandth<00:22:10.120> decimal<00:22:10.559> place 00:22:11.149 --> 00:22:11.159 align:start position:0% the you know thousandth decimal place 00:22:11.159 --> 00:22:13.029 align:start position:0% the you know thousandth decimal place but<00:22:11.360> like<00:22:11.480> in<00:22:11.600> the<00:22:11.720> 10,000<00:22:12.279> decimal<00:22:12.640> place<00:22:12.919> you 00:22:13.029 --> 00:22:13.039 align:start position:0% but like in the 10,000 decimal place you 00:22:13.039 --> 00:22:14.430 align:start position:0% but like in the 10,000 decimal place you know<00:22:13.279> I'm<00:22:13.559> you<00:22:13.640> know<00:22:13.799> I'm<00:22:13.960> right<00:22:14.120> and<00:22:14.200> you're 00:22:14.430 --> 00:22:14.440 align:start position:0% know I'm you know I'm right and you're 00:22:14.440 --> 00:22:17.549 align:start position:0% know I'm you know I'm right and you're wrong<00:22:15.440> uh<00:22:15.799> so<00:22:16.559> on<00:22:16.720> some<00:22:16.880> sense<00:22:17.120> there's<00:22:17.320> always 00:22:17.549 --> 00:22:17.559 align:start position:0% wrong uh so on some sense there's always 00:22:17.559 --> 00:22:19.390 align:start position:0% wrong uh so on some sense there's always some<00:22:17.760> amount<00:22:17.960> of<00:22:18.320> subjectivity<00:22:19.000> in<00:22:19.159> any<00:22:19.320> kind 00:22:19.390 --> 00:22:19.400 align:start position:0% some amount of subjectivity in any kind 00:22:19.400 --> 00:22:21.190 align:start position:0% some amount of subjectivity in any kind of<00:22:19.600> nor<00:22:19.960> number 00:22:21.190 --> 00:22:21.200 align:start position:0% of nor number 00:22:21.200 --> 00:22:23.269 align:start position:0% of nor number question<00:22:22.200> um<00:22:22.480> how<00:22:22.640> do<00:22:22.840> Oracle 00:22:23.269 --> 00:22:23.279 align:start position:0% question um how do Oracle 00:22:23.279 --> 00:22:25.230 align:start position:0% question um how do Oracle implementations<00:22:24.159> typically<00:22:24.600> check<00:22:25.080> that 00:22:25.230 --> 00:22:25.240 align:start position:0% implementations typically check that 00:22:25.240 --> 00:22:29.549 align:start position:0% implementations typically check that they<00:22:25.440> have<00:22:25.640> a<00:22:25.840> sufficient<00:22:26.840> chorum<00:22:27.320> of<00:22:27.480> answers 00:22:29.549 --> 00:22:29.559 align:start position:0% they have a sufficient chorum of answers 00:22:29.559 --> 00:22:32.029 align:start position:0% they have a sufficient chorum of answers yeah<00:22:29.919> so<00:22:30.279> uh<00:22:30.360> for<00:22:30.520> the<00:22:30.679> delegate<00:22:31.240> systems<00:22:31.960> I 00:22:32.029 --> 00:22:32.039 align:start position:0% yeah so uh for the delegate systems I 00:22:32.039 --> 00:22:34.110 align:start position:0% yeah so uh for the delegate systems I mean<00:22:32.559> like<00:22:32.799> they<00:22:33.000> have<00:22:33.279> like<00:22:33.559> some<00:22:33.960> some 00:22:34.110 --> 00:22:34.120 align:start position:0% mean like they have like some some 00:22:34.120 --> 00:22:35.269 align:start position:0% mean like they have like some some number<00:22:34.320> of<00:22:34.440> delegates<00:22:34.799> that<00:22:34.880> they<00:22:35.000> think<00:22:35.120> is 00:22:35.269 --> 00:22:35.279 align:start position:0% number of delegates that they think is 00:22:35.279 --> 00:22:37.789 align:start position:0% number of delegates that they think is appropriate<00:22:36.200> uh<00:22:37.080> an<00:22:37.159> individual<00:22:37.520> system 00:22:37.789 --> 00:22:37.799 align:start position:0% appropriate uh an individual system 00:22:37.799 --> 00:22:39.149 align:start position:0% appropriate uh an individual system might<00:22:37.960> have<00:22:38.039> a<00:22:38.159> quorum<00:22:38.520> if<00:22:38.679> case<00:22:38.840> there's<00:22:39.039> like 00:22:39.149 --> 00:22:39.159 align:start position:0% might have a quorum if case there's like 00:22:39.159 --> 00:22:41.310 align:start position:0% might have a quorum if case there's like some<00:22:39.400> like<00:22:39.559> big<00:22:39.720> outage<00:22:40.520> uh<00:22:40.679> where<00:22:41.000> like<00:22:41.200> okay 00:22:41.310 --> 00:22:41.320 align:start position:0% some like big outage uh where like okay 00:22:41.320 --> 00:22:42.750 align:start position:0% some like big outage uh where like okay I<00:22:41.440> have<00:22:41.600> nine<00:22:41.799> delegates<00:22:42.240> at<00:22:42.320> least<00:22:42.480> four<00:22:42.679> of 00:22:42.750 --> 00:22:42.760 align:start position:0% I have nine delegates at least four of 00:22:42.760 --> 00:22:44.510 align:start position:0% I have nine delegates at least four of them<00:22:42.880> have<00:22:42.960> to<00:22:43.039> be<00:22:43.159> online<00:22:43.440> or<00:22:43.559> something<00:22:44.240> so 00:22:44.510 --> 00:22:44.520 align:start position:0% them have to be online or something so 00:22:44.520 --> 00:22:46.789 align:start position:0% them have to be online or something so for<00:22:44.840> you<00:22:44.960> know<00:22:45.200> when<00:22:45.320> you<00:22:45.520> have<00:22:46.240> like<00:22:46.400> a<00:22:46.520> small 00:22:46.789 --> 00:22:46.799 align:start position:0% for you know when you have like a small 00:22:46.799 --> 00:22:50.390 align:start position:0% for you know when you have like a small number<00:22:47.080> of<00:22:48.080> delegates<00:22:49.000> it's<00:22:49.400> straightforward 00:22:50.390 --> 00:22:50.400 align:start position:0% number of delegates it's straightforward 00:22:50.400 --> 00:22:53.230 align:start position:0% number of delegates it's straightforward uh<00:22:50.640> in<00:22:50.880> a<00:22:51.080> crowd<00:22:51.600> system<00:22:52.600> you<00:22:52.760> could<00:22:52.960> build 00:22:53.230 --> 00:22:53.240 align:start position:0% uh in a crowd system you could build 00:22:53.240 --> 00:22:55.789 align:start position:0% uh in a crowd system you could build something<00:22:53.600> like<00:22:53.799> that<00:22:54.000> in<00:22:54.679> uh<00:22:55.080> in<00:22:55.240> claros<00:22:55.679> we 00:22:55.789 --> 00:22:55.799 align:start position:0% something like that in uh in claros we 00:22:55.799 --> 00:22:57.510 align:start position:0% something like that in uh in claros we don't<00:22:55.960> have<00:22:56.039> a<00:22:56.159> quorum<00:22:56.640> system<00:22:57.360> because 00:22:57.510 --> 00:22:57.520 align:start position:0% don't have a quorum system because 00:22:57.520 --> 00:22:59.669 align:start position:0% don't have a quorum system because there's<00:22:57.679> an<00:22:57.840> appeal<00:22:58.520> process<00:22:59.039> so<00:22:59.240> if<00:22:59.360> for<00:22:59.520> some 00:22:59.669 --> 00:22:59.679 align:start position:0% there's an appeal process so if for some 00:22:59.679 --> 00:23:01.990 align:start position:0% there's an appeal process so if for some reason<00:23:00.080> like<00:23:00.279> everybody<00:23:00.880> was<00:23:01.159> like<00:23:01.360> censored 00:23:01.990 --> 00:23:02.000 align:start position:0% reason like everybody was like censored 00:23:02.000 --> 00:23:03.750 align:start position:0% reason like everybody was like censored you<00:23:02.080> know<00:23:02.279> there<00:23:02.400> was<00:23:02.520> like<00:23:02.600> an<00:23:02.720> outage<00:23:03.200> it<00:23:03.320> was 00:23:03.750 --> 00:23:03.760 align:start position:0% you know there was like an outage it was 00:23:03.760 --> 00:23:05.549 align:start position:0% you know there was like an outage it was like<00:23:03.919> bad<00:23:04.080> network<00:23:04.400> connectivity<00:23:05.120> and<00:23:05.240> nobody 00:23:05.549 --> 00:23:05.559 align:start position:0% like bad network connectivity and nobody 00:23:05.559 --> 00:23:08.230 align:start position:0% like bad network connectivity and nobody voted<00:23:06.039> you<00:23:06.159> can<00:23:06.279> just<00:23:06.480> appeal<00:23:06.840> and<00:23:07.039> try<00:23:07.360> again 00:23:08.230 --> 00:23:08.240 align:start position:0% voted you can just appeal and try again 00:23:08.240 --> 00:23:09.630 align:start position:0% voted you can just appeal and try again uh<00:23:08.520> but<00:23:08.760> but<00:23:08.960> certainly<00:23:09.279> something<00:23:09.440> to<00:23:09.520> think 00:23:09.630 --> 00:23:09.640 align:start position:0% uh but but certainly something to think 00:23:09.640 --> 00:23:11.950 align:start position:0% uh but but certainly something to think about<00:23:09.799> in<00:23:09.880> some<00:23:10.039> systems<00:23:11.039> yeah<00:23:11.360> and<00:23:11.480> it's<00:23:11.840> and 00:23:11.950 --> 00:23:11.960 align:start position:0% about in some systems yeah and it's and 00:23:11.960 --> 00:23:14.110 align:start position:0% about in some systems yeah and it's and the<00:23:12.080> last<00:23:12.279> one<00:23:12.400> is<00:23:12.520> a<00:23:12.679> great<00:23:12.960> question<00:23:13.559> uh<00:23:13.960> if 00:23:14.110 --> 00:23:14.120 align:start position:0% the last one is a great question uh if 00:23:14.120 --> 00:23:16.390 align:start position:0% the last one is a great question uh if I'm<00:23:14.240> a<00:23:14.480> participant<00:23:15.000> in<00:23:15.080> the<00:23:15.240> voting<00:23:15.640> crowd 00:23:16.390 --> 00:23:16.400 align:start position:0% I'm a participant in the voting crowd 00:23:16.400 --> 00:23:17.830 align:start position:0% I'm a participant in the voting crowd what's<00:23:16.640> stopping<00:23:17.000> me<00:23:17.120> from<00:23:17.320> just<00:23:17.480> copying 00:23:17.830 --> 00:23:17.840 align:start position:0% what's stopping me from just copying 00:23:17.840 --> 00:23:19.269 align:start position:0% what's stopping me from just copying another<00:23:18.200> answer<00:23:18.520> as<00:23:18.679> my<00:23:18.840> vote<00:23:19.080> and 00:23:19.269 --> 00:23:19.279 align:start position:0% another answer as my vote and 00:23:19.279 --> 00:23:21.630 align:start position:0% another answer as my vote and essentially<00:23:19.720> free<00:23:20.039> riding<00:23:21.039> yeah<00:23:21.159> so<00:23:21.360> again 00:23:21.630 --> 00:23:21.640 align:start position:0% essentially free riding yeah so again 00:23:21.640 --> 00:23:24.510 align:start position:0% essentially free riding yeah so again this<00:23:21.720> will<00:23:21.919> depend<00:23:22.240> on<00:23:22.600> on<00:23:22.720> the<00:23:23.000> system<00:23:24.000> uh<00:23:24.240> so 00:23:24.510 --> 00:23:24.520 align:start position:0% this will depend on on the system uh so 00:23:24.520 --> 00:23:27.750 align:start position:0% this will depend on on the system uh so in<00:23:25.039> claros<00:23:26.080> um<00:23:27.080> like<00:23:27.279> there<00:23:27.440> again<00:23:27.600> there's 00:23:27.750 --> 00:23:27.760 align:start position:0% in claros um like there again there's 00:23:27.760 --> 00:23:30.510 align:start position:0% in claros um like there again there's this<00:23:27.880> appeal<00:23:28.120> mechanism<00:23:28.919> which<00:23:29.600> gives<00:23:29.960> people 00:23:30.510 --> 00:23:30.520 align:start position:0% this appeal mechanism which gives people 00:23:30.520 --> 00:23:32.669 align:start position:0% this appeal mechanism which gives people uh<00:23:30.720> extra<00:23:31.039> rewards<00:23:31.919> if<00:23:32.039> they<00:23:32.159> were<00:23:32.320> on<00:23:32.480> the 00:23:32.669 --> 00:23:32.679 align:start position:0% uh extra rewards if they were on the 00:23:32.679 --> 00:23:36.669 align:start position:0% uh extra rewards if they were on the right<00:23:33.080> side<00:23:33.400> of<00:23:33.799> of<00:23:33.880> an<00:23:34.039> answer<00:23:34.799> that<00:23:35.200> is<00:23:36.200> like 00:23:36.669 --> 00:23:36.679 align:start position:0% right side of of an answer that is like 00:23:36.679 --> 00:23:37.950 align:start position:0% right side of of an answer that is like where<00:23:36.840> they<00:23:36.960> lost<00:23:37.200> their<00:23:37.320> voting<00:23:37.559> round<00:23:37.840> and 00:23:37.950 --> 00:23:37.960 align:start position:0% where they lost their voting round and 00:23:37.960 --> 00:23:39.269 align:start position:0% where they lost their voting round and ultimately<00:23:38.520> like<00:23:38.640> appealed<00:23:39.000> and<00:23:39.120> they<00:23:39.200> were 00:23:39.269 --> 00:23:39.279 align:start position:0% ultimately like appealed and they were 00:23:39.279 --> 00:23:41.710 align:start position:0% ultimately like appealed and they were proven<00:23:39.600> right<00:23:39.799> by<00:23:39.960> them<00:23:40.279> by<00:23:40.400> the<00:23:40.520> appeal<00:23:40.840> round 00:23:41.710 --> 00:23:41.720 align:start position:0% proven right by them by the appeal round 00:23:41.720 --> 00:23:43.830 align:start position:0% proven right by them by the appeal round uh<00:23:41.880> so<00:23:42.200> that<00:23:42.799> you<00:23:42.880> know<00:23:43.080> gives<00:23:43.279> an<00:23:43.440> incentive 00:23:43.830 --> 00:23:43.840 align:start position:0% uh so that you know gives an incentive 00:23:43.840 --> 00:23:45.549 align:start position:0% uh so that you know gives an incentive to<00:23:43.960> people<00:23:44.240> to<00:23:44.480> be<00:23:44.600> contrarian<00:23:45.200> if<00:23:45.279> they<00:23:45.400> think 00:23:45.549 --> 00:23:45.559 align:start position:0% to people to be contrarian if they think 00:23:45.559 --> 00:23:48.190 align:start position:0% to people to be contrarian if they think that<00:23:45.679> they're<00:23:45.919> right<00:23:46.919> uh<00:23:47.240> other<00:23:47.720> approaches 00:23:48.190 --> 00:23:48.200 align:start position:0% that they're right uh other approaches 00:23:48.200 --> 00:23:50.909 align:start position:0% that they're right uh other approaches can<00:23:48.360> be<00:23:48.600> taken<00:23:49.600> uh<00:23:49.880> there 00:23:50.909 --> 00:23:50.919 align:start position:0% can be taken uh there 00:23:50.919 --> 00:23:54.190 align:start position:0% can be taken uh there are<00:23:51.919> like<00:23:52.720> you<00:23:52.840> you<00:23:52.919> can<00:23:53.039> use<00:23:53.240> committ<00:23:53.559> reveal 00:23:54.190 --> 00:23:54.200 align:start position:0% are like you you can use committ reveal 00:23:54.200 --> 00:23:56.190 align:start position:0% are like you you can use committ reveal systems<00:23:55.200> uh<00:23:55.360> there's<00:23:55.559> still<00:23:55.760> questions<00:23:56.080> if 00:23:56.190 --> 00:23:56.200 align:start position:0% systems uh there's still questions if 00:23:56.200 --> 00:23:58.430 align:start position:0% systems uh there's still questions if you<00:23:56.320> do<00:23:56.520> that<00:23:56.720> about<00:23:57.360> like<00:23:58.039> what<00:23:58.200> happen 00:23:58.430 --> 00:23:58.440 align:start position:0% you do that about like what happen 00:23:58.440 --> 00:24:00.390 align:start position:0% you do that about like what happen happens<00:23:58.760> if<00:23:58.960> someone<00:23:59.640> pays<00:23:59.840> you<00:23:59.960> to<00:24:00.080> reveal 00:24:00.390 --> 00:24:00.400 align:start position:0% happens if someone pays you to reveal 00:24:00.400 --> 00:24:02.510 align:start position:0% happens if someone pays you to reveal your<00:24:00.559> vote<00:24:00.960> even<00:24:01.240> if<00:24:01.600> you<00:24:01.720> know<00:24:01.960> like<00:24:02.360> the 00:24:02.510 --> 00:24:02.520 align:start position:0% your vote even if you know like the 00:24:02.520 --> 00:24:03.630 align:start position:0% your vote even if you know like the commit<00:24:02.720> and<00:24:02.840> real<00:24:03.120> system<00:24:03.279> allows<00:24:03.480> you<00:24:03.559> to 00:24:03.630 --> 00:24:03.640 align:start position:0% commit and real system allows you to 00:24:03.640 --> 00:24:04.789 align:start position:0% commit and real system allows you to technically<00:24:03.960> hide<00:24:04.120> your<00:24:04.240> vote<00:24:04.360> you<00:24:04.480> reveal 00:24:04.789 --> 00:24:04.799 align:start position:0% technically hide your vote you reveal 00:24:04.799 --> 00:24:06.750 align:start position:0% technically hide your vote you reveal anyway<00:24:05.760> uh<00:24:05.880> there<00:24:05.960> are<00:24:06.120> lots<00:24:06.279> of<00:24:06.400> interesting 00:24:06.750 --> 00:24:06.760 align:start position:0% anyway uh there are lots of interesting 00:24:06.760 --> 00:24:09.470 align:start position:0% anyway uh there are lots of interesting sort<00:24:06.960> of<00:24:07.960> properly<00:24:08.360> cryptographic<00:24:09.000> questions 00:24:09.470 --> 00:24:09.480 align:start position:0% sort of properly cryptographic questions 00:24:09.480 --> 00:24:12.549 align:start position:0% sort of properly cryptographic questions there<00:24:10.360> uh<00:24:10.559> but<00:24:10.760> it's<00:24:11.120> that's<00:24:11.279> a<00:24:11.760> that's<00:24:12.279> like<00:24:12.400> a 00:24:12.549 --> 00:24:12.559 align:start position:0% there uh but it's that's a that's like a 00:24:12.559 --> 00:24:15.590 align:start position:0% there uh but it's that's a that's like a subject<00:24:12.880> of<00:24:13.159> research<00:24:14.080> uh<00:24:14.200> but<00:24:14.400> there<00:24:14.520> are 00:24:15.590 --> 00:24:15.600 align:start position:0% subject of research uh but there are 00:24:15.600 --> 00:24:18.669 align:start position:0% subject of research uh but there are approaches<00:24:16.600> so<00:24:17.039> I<00:24:17.159> might<00:24:17.440> require<00:24:17.799> a<00:24:18.360> fact 00:24:18.669 --> 00:24:18.679 align:start position:0% approaches so I might require a fact 00:24:18.679 --> 00:24:20.590 align:start position:0% approaches so I might require a fact check<00:24:18.919> on<00:24:19.120> this<00:24:19.360> last<00:24:19.640> question<00:24:20.080> that<00:24:20.240> poly 00:24:20.590 --> 00:24:20.600 align:start position:0% check on this last question that poly 00:24:20.600 --> 00:24:22.950 align:start position:0% check on this last question that poly Market<00:24:20.919> has<00:24:21.039> a<00:24:21.240> highly<00:24:21.960> centralized<00:24:22.559> Oracle 00:24:22.950 --> 00:24:22.960 align:start position:0% Market has a highly centralized Oracle 00:24:22.960 --> 00:24:24.830 align:start position:0% Market has a highly centralized Oracle and<00:24:23.080> seems<00:24:23.279> to<00:24:23.400> be<00:24:23.559> the<00:24:23.679> largest<00:24:24.440> do<00:24:24.559> you<00:24:24.679> think 00:24:24.830 --> 00:24:24.840 align:start position:0% and seems to be the largest do you think 00:24:24.840 --> 00:24:26.990 align:start position:0% and seems to be the largest do you think sentiment<00:24:25.360> will<00:24:25.520> drive<00:24:25.880> crypto<00:24:26.600> crypto 00:24:26.990 --> 00:24:27.000 align:start position:0% sentiment will drive crypto crypto 00:24:27.000 --> 00:24:28.430 align:start position:0% sentiment will drive crypto crypto products<00:24:27.360> to<00:24:27.520> this<00:24:27.679> model<00:24:27.960> instead<00:24:28.200> of 00:24:28.430 --> 00:24:28.440 align:start position:0% products to this model instead of 00:24:28.440 --> 00:24:30.870 align:start position:0% products to this model instead of algorithmic<00:24:29.360> is<00:24:29.480> it<00:24:29.600> a<00:24:29.720> centralized<00:24:30.279> Oracle 00:24:30.870 --> 00:24:30.880 align:start position:0% algorithmic is it a centralized Oracle 00:24:30.880 --> 00:24:36.149 align:start position:0% algorithmic is it a centralized Oracle first<00:24:31.440> I<00:24:31.480> think<00:24:31.600> they<00:24:31.720> use<00:24:32.159> z<00:24:33.159> uh<00:24:34.159> so<00:24:35.159> like<00:24:35.919> like 00:24:36.149 --> 00:24:36.159 align:start position:0% first I think they use z uh so like like 00:24:36.159 --> 00:24:38.230 align:start position:0% first I think they use z uh so like like that's<00:24:36.440> I<00:24:36.520> think<00:24:36.720> I<00:24:36.919> I<00:24:37.159> you<00:24:37.279> know<00:24:37.720> like<00:24:37.919> people 00:24:38.230 --> 00:24:38.240 align:start position:0% that's I think I I you know like people 00:24:38.240 --> 00:24:40.750 align:start position:0% that's I think I I you know like people can<00:24:38.440> can<00:24:38.559> fact<00:24:38.799> check<00:24:39.000> me<00:24:39.240> I<00:24:39.880> but<00:24:40.120> uh<00:24:40.480> I<00:24:40.640> I 00:24:40.750 --> 00:24:40.760 align:start position:0% can can fact check me I but uh I I 00:24:40.760 --> 00:24:44.510 align:start position:0% can can fact check me I but uh I I believe<00:24:41.000> they<00:24:41.120> use<00:24:41.399> a<00:24:41.919> like<00:24:42.000> a<00:24:42.120> crowd<00:24:42.679> model<00:24:43.679> uh 00:24:44.510 --> 00:24:44.520 align:start position:0% believe they use a like a crowd model uh 00:24:44.520 --> 00:24:47.269 align:start position:0% believe they use a like a crowd model uh so<00:24:45.520> you<00:24:45.640> know<00:24:45.880> if<00:24:46.360> people<00:24:46.600> are<00:24:46.760> interested<00:24:47.120> in 00:24:47.269 --> 00:24:47.279 align:start position:0% so you know if people are interested in 00:24:47.279 --> 00:24:50.430 align:start position:0% so you know if people are interested in that<00:24:47.440> product<00:24:48.399> uh<00:24:48.720> then<00:24:49.320> um<00:24:49.919> you<00:24:50.039> know<00:24:50.279> like 00:24:50.430 --> 00:24:50.440 align:start position:0% that product uh then um you know like 00:24:50.440 --> 00:24:52.070 align:start position:0% that product uh then um you know like there<00:24:50.600> could<00:24:50.760> be<00:24:50.960> demand<00:24:51.360> for<00:24:51.679> you<00:24:51.760> know<00:24:51.960> that 00:24:52.070 --> 00:24:52.080 align:start position:0% there could be demand for you know that 00:24:52.080 --> 00:24:52.909 align:start position:0% there could be demand for you know that much<00:24:52.200> more 00:24:52.909 --> 00:24:52.919 align:start position:0% much more 00:24:52.919 --> 00:24:55.870 align:start position:0% much more decentralization<00:24:53.919> um<00:24:54.559> you<00:24:54.679> know<00:24:55.000> it's<00:24:55.760> you 00:24:55.870 --> 00:24:55.880 align:start position:0% decentralization um you know it's you 00:24:55.880 --> 00:24:57.110 align:start position:0% decentralization um you know it's you know<00:24:56.039> if<00:24:56.120> some<00:24:56.279> if<00:24:56.360> something<00:24:56.559> is<00:24:56.679> takes<00:24:56.919> off 00:24:57.110 --> 00:24:57.120 align:start position:0% know if some if something is takes off 00:24:57.120 --> 00:24:58.750 align:start position:0% know if some if something is takes off people<00:24:57.279> will<00:24:57.399> have<00:24:57.520> greater<00:24:57.720> scrw<00:24:57.960> toty<00:24:58.200> for 00:24:58.750 --> 00:24:58.760 align:start position:0% people will have greater scrw toty for 00:24:58.760 --> 00:25:00.110 align:start position:0% people will have greater scrw toty for but<00:24:58.880> in<00:24:59.000> general<00:24:59.399> what<00:24:59.480> do<00:24:59.559> you<00:24:59.679> think<00:24:59.880> about 00:25:00.110 --> 00:25:00.120 align:start position:0% but in general what do you think about 00:25:00.120 --> 00:25:02.310 align:start position:0% but in general what do you think about centralized<00:25:00.720> oracles<00:25:01.240> versus<00:25:01.600> algorithmic 00:25:02.310 --> 00:25:02.320 align:start position:0% centralized oracles versus algorithmic 00:25:02.320 --> 00:25:05.510 align:start position:0% centralized oracles versus algorithmic or<00:25:02.520> decentralized<00:25:03.399> ones<00:25:04.399> yeah<00:25:04.760> so<00:25:05.279> I<00:25:05.320> mean<00:25:05.440> it 00:25:05.510 --> 00:25:05.520 align:start position:0% or decentralized ones yeah so I mean it 00:25:05.520 --> 00:25:06.789 align:start position:0% or decentralized ones yeah so I mean it sort<00:25:05.640> of<00:25:05.720> depends<00:25:05.919> on<00:25:06.000> what<00:25:06.080> you<00:25:06.159> mean<00:25:06.399> by 00:25:06.789 --> 00:25:06.799 align:start position:0% sort of depends on what you mean by 00:25:06.799 --> 00:25:08.870 align:start position:0% sort of depends on what you mean by centralized<00:25:07.799> uh<00:25:07.960> do<00:25:08.080> you<00:25:08.240> consider<00:25:08.640> like<00:25:08.760> a 00:25:08.870 --> 00:25:08.880 align:start position:0% centralized uh do you consider like a 00:25:08.880 --> 00:25:11.070 align:start position:0% centralized uh do you consider like a delegated<00:25:09.399> model<00:25:09.880> like<00:25:10.120> centralized<00:25:10.919> I<00:25:10.960> mean 00:25:11.070 --> 00:25:11.080 align:start position:0% delegated model like centralized I mean 00:25:11.080 --> 00:25:12.990 align:start position:0% delegated model like centralized I mean it<00:25:11.200> kind<00:25:11.320> of<00:25:11.520> depends<00:25:12.039> you<00:25:12.120> know<00:25:12.320> it's<00:25:12.720> it's 00:25:12.990 --> 00:25:13.000 align:start position:0% it kind of depends you know it's it's 00:25:13.000 --> 00:25:14.389 align:start position:0% it kind of depends you know it's it's it's<00:25:13.120> not<00:25:13.240> a<00:25:13.399> question<00:25:13.640> of<00:25:13.840> like<00:25:14.000> absolute 00:25:14.389 --> 00:25:14.399 align:start position:0% it's not a question of like absolute 00:25:14.399 --> 00:25:15.870 align:start position:0% it's not a question of like absolute centralization<00:25:15.000> is<00:25:15.159> about<00:25:15.399> who<00:25:15.559> has<00:25:15.760> the 00:25:15.870 --> 00:25:15.880 align:start position:0% centralization is about who has the 00:25:15.880 --> 00:25:18.549 align:start position:0% centralization is about who has the power<00:25:16.080> to<00:25:16.240> do<00:25:16.520> what<00:25:17.520> uh<00:25:18.000> if<00:25:18.080> you<00:25:18.240> have<00:25:18.399> just 00:25:18.549 --> 00:25:18.559 align:start position:0% power to do what uh if you have just 00:25:18.559 --> 00:25:21.149 align:start position:0% power to do what uh if you have just like<00:25:18.679> a<00:25:18.840> pure<00:25:19.320> one<00:25:19.600> actor<00:25:20.520> responsible<00:25:20.919> for 00:25:21.149 --> 00:25:21.159 align:start position:0% like a pure one actor responsible for 00:25:21.159 --> 00:25:23.870 align:start position:0% like a pure one actor responsible for providing<00:25:21.520> you<00:25:21.799> like<00:25:22.120> the<00:25:22.480> truth<00:25:23.480> uh<00:25:23.640> you<00:25:23.720> know 00:25:23.870 --> 00:25:23.880 align:start position:0% providing you like the truth uh you know 00:25:23.880 --> 00:25:24.950 align:start position:0% providing you like the truth uh you know you<00:25:23.960> don't<00:25:24.080> have<00:25:24.200> a<00:25:24.279> bunch<00:25:24.440> of<00:25:24.520> delegates<00:25:24.880> and 00:25:24.950 --> 00:25:24.960 align:start position:0% you don't have a bunch of delegates and 00:25:24.960 --> 00:25:25.950 align:start position:0% you don't have a bunch of delegates and you<00:25:25.039> don't<00:25:25.120> take<00:25:25.240> the<00:25:25.320> media<00:25:25.679> of<00:25:25.840> their 00:25:25.950 --> 00:25:25.960 align:start position:0% you don't take the media of their 00:25:25.960 --> 00:25:27.830 align:start position:0% you don't take the media of their answers<00:25:26.760> uh<00:25:26.840> you<00:25:26.919> don't<00:25:27.039> have<00:25:27.120> a<00:25:27.240> Marketplace 00:25:27.830 --> 00:25:27.840 align:start position:0% answers uh you don't have a Marketplace 00:25:27.840 --> 00:25:29.430 align:start position:0% answers uh you don't have a Marketplace to<00:25:28.000> join<00:25:28.440> or<00:25:28.600> be<00:25:28.720> dropped<00:25:28.960> kicked<00:25:29.159> out<00:25:29.240> as<00:25:29.320> a 00:25:29.430 --> 00:25:29.440 align:start position:0% to join or be dropped kicked out as a 00:25:29.440 --> 00:25:31.070 align:start position:0% to join or be dropped kicked out as a delegate<00:25:30.200> uh<00:25:30.360> then<00:25:30.520> yeah<00:25:30.640> obviously<00:25:30.919> if<00:25:30.960> you 00:25:31.070 --> 00:25:31.080 align:start position:0% delegate uh then yeah obviously if you 00:25:31.080 --> 00:25:32.310 align:start position:0% delegate uh then yeah obviously if you just<00:25:31.200> have<00:25:31.360> like<00:25:31.440> one<00:25:31.679> absolute<00:25:32.000> source<00:25:32.200> of 00:25:32.310 --> 00:25:32.320 align:start position:0% just have like one absolute source of 00:25:32.320 --> 00:25:34.029 align:start position:0% just have like one absolute source of truth<00:25:32.679> that's<00:25:33.039> not<00:25:33.240> necessarily<00:25:33.799> in<00:25:33.919> the 00:25:34.029 --> 00:25:34.039 align:start position:0% truth that's not necessarily in the 00:25:34.039 --> 00:25:35.669 align:start position:0% truth that's not necessarily in the spirit<00:25:34.240> of<00:25:34.360> the<00:25:34.440> ethos<00:25:34.799> that<00:25:34.919> we 00:25:35.669 --> 00:25:35.679 align:start position:0% spirit of the ethos that we 00:25:35.679 --> 00:25:38.230 align:start position:0% spirit of the ethos that we have<00:25:36.679> thanks<00:25:37.080> yeah<00:25:37.240> that<00:25:37.360> was<00:25:37.559> really<00:25:37.799> good 00:25:38.230 --> 00:25:38.240 align:start position:0% have thanks yeah that was really good 00:25:38.240 --> 00:25:41.000 align:start position:0% have thanks yeah that was really good and<00:25:38.440> quick<00:25:38.679> rapid