WEBVTT
Kind: captions
Language: en

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welcome

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welcome
 

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welcome
[Music]

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Kevin<00:00:08.480><c> Hello</c><00:00:08.800><c> friends</c><00:00:09.400><c> what's</c>

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up<00:00:14.759><c> I'm</c><00:00:14.920><c> Kevin</c><00:00:15.160><c> aukee</c><00:00:15.639><c> I'm</c><00:00:15.719><c> one</c><00:00:15.839><c> of</c><00:00:16.000><c> the</c>

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up I'm Kevin aukee I'm one of the
 

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up I'm Kevin aukee I'm one of the
co-founders<00:00:17.000><c> of</c><00:00:17.240><c> gitcoin</c><00:00:17.880><c> has</c><00:00:18.039><c> anyone</c><00:00:18.320><c> in</c><00:00:18.439><c> the</c>

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co-founders of gitcoin has anyone in the
 

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co-founders of gitcoin has anyone in the
audience<00:00:18.840><c> used</c>

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audience used
 

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audience used
gitcoin<00:00:21.160><c> all</c><00:00:21.400><c> right</c><00:00:22.199><c> can't</c><00:00:22.359><c> see</c><00:00:22.519><c> it</c><00:00:22.600><c> on</c><00:00:22.720><c> the</c>

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gitcoin all right can't see it on the
 

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gitcoin all right can't see it on the
live<00:00:23.039><c> stream</c><00:00:23.279><c> but</c><00:00:23.439><c> a</c><00:00:23.519><c> bunch</c><00:00:23.760><c> of</c><00:00:24.039><c> hands</c><00:00:24.320><c> went</c><00:00:24.560><c> up</c>

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live stream but a bunch of hands went up
 

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live stream but a bunch of hands went up
uh<00:00:25.599><c> I'm</c><00:00:25.680><c> going</c><00:00:25.800><c> to</c><00:00:25.960><c> talk</c><00:00:26.160><c> about</c><00:00:26.439><c> bringing</c><00:00:26.800><c> the</c>

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uh I'm going to talk about bringing the
 

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uh I'm going to talk about bringing the
getcoin<00:00:27.400><c> model</c><00:00:27.840><c> of</c><00:00:28.039><c> quadratic</c><00:00:28.560><c> funding</c><00:00:29.039><c> to</c>

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getcoin model of quadratic funding to
 

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getcoin model of quadratic funding to
Main<00:00:29.599><c> Street</c><00:00:30.039><c> so</c><00:00:30.199><c> how</c><00:00:30.279><c> do</c><00:00:30.400><c> we</c><00:00:30.560><c> exit</c><00:00:30.880><c> our</c><00:00:31.240><c> little</c>

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Main Street so how do we exit our little
 

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Main Street so how do we exit our little
crypto<00:00:31.920><c> bubble</c><00:00:32.599><c> and</c><00:00:32.759><c> start</c><00:00:32.960><c> to</c><00:00:33.120><c> do</c><00:00:33.280><c> more</c>

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crypto bubble and start to do more
 

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crypto bubble and start to do more
public<00:00:33.920><c> goods</c><00:00:34.200><c> funding</c><00:00:35.360><c> downtown</c><00:00:36.360><c> so</c><00:00:36.920><c> if</c>

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public goods funding downtown so if
 

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public goods funding downtown so if
you've<00:00:37.280><c> been</c><00:00:37.440><c> in</c><00:00:37.559><c> the</c><00:00:37.680><c> etherium</c><00:00:38.239><c> ecosystem</c>

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you've been in the etherium ecosystem
 

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you've been in the etherium ecosystem
over<00:00:39.040><c> the</c><00:00:39.160><c> last</c><00:00:39.360><c> couple</c><00:00:39.640><c> years</c><00:00:39.920><c> you</c><00:00:40.079><c> know</c><00:00:40.239><c> that</c>

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over the last couple years you know that
 

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over the last couple years you know that
quadratic<00:00:40.960><c> funding</c><00:00:41.239><c> is</c><00:00:41.360><c> a</c><00:00:41.600><c> democratic</c><00:00:42.559><c> way</c><00:00:42.920><c> to</c>

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quadratic funding is a democratic way to
 

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quadratic funding is a democratic way to
run<00:00:43.640><c> a</c><00:00:43.920><c> public</c><00:00:44.160><c> goods</c><00:00:44.399><c> funding</c><00:00:45.160><c> campaign</c><00:00:46.160><c> if</c>

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run a public goods funding campaign if
 

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run a public goods funding campaign if
you<00:00:46.360><c> are</c><00:00:46.520><c> an</c><00:00:46.640><c> ecosystem</c><00:00:47.320><c> that</c><00:00:47.440><c> wants</c><00:00:47.680><c> to</c><00:00:47.879><c> fund</c>

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you are an ecosystem that wants to fund
 

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you are an ecosystem that wants to fund
your<00:00:48.480><c> ecosystem</c><00:00:49.160><c> public</c><00:00:49.440><c> goods</c><00:00:49.680><c> you</c><00:00:49.840><c> put</c><00:00:50.079><c> out</c>

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your ecosystem public goods you put out
 

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your ecosystem public goods you put out
a<00:00:50.879><c> pool</c><00:00:51.280><c> of</c><00:00:51.520><c> funds</c><00:00:52.239><c> and</c><00:00:52.359><c> then</c><00:00:52.480><c> you</c><00:00:52.640><c> allow</c>

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a pool of funds and then you allow
 

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a pool of funds and then you allow
grants<00:00:53.559><c> or</c><00:00:53.840><c> projects</c><00:00:54.239><c> in</c><00:00:54.399><c> your</c><00:00:54.559><c> ecosystem</c><00:00:55.559><c> to</c>

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grants or projects in your ecosystem to
 

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grants or projects in your ecosystem to
access<00:00:56.520><c> those</c><00:00:56.800><c> funds</c><00:00:57.480><c> by</c><00:00:57.640><c> raising</c><00:00:57.960><c> money</c><00:00:58.199><c> from</c>

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access those funds by raising money from
 

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access those funds by raising money from
their<00:00:58.680><c> constituents</c><00:00:59.359><c> and</c><00:00:59.519><c> receiv</c><00:01:00.239><c> money</c><00:01:00.800><c> from</c>

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their constituents and receiv money from
 

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their constituents and receiv money from
the<00:01:01.199><c> central</c><00:01:01.600><c> matching</c><00:01:02.039><c> pool</c><00:01:02.760><c> but</c><00:01:02.920><c> there's</c>

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the central matching pool but there's
 

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the central matching pool but there's
one<00:01:03.359><c> weird</c><00:01:03.680><c> trick</c><00:01:04.000><c> with</c><00:01:04.199><c> quadratic</c><00:01:04.760><c> funding</c>

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one weird trick with quadratic funding
 

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one weird trick with quadratic funding
that<00:01:05.280><c> makes</c><00:01:05.479><c> it</c><00:01:05.600><c> into</c><00:01:05.840><c> a</c><00:01:06.000><c> democratic</c><00:01:06.600><c> power</c>

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that makes it into a democratic power
 

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that makes it into a democratic power
tool<00:01:07.560><c> and</c><00:01:07.720><c> that's</c><00:01:08.080><c> that</c><00:01:08.280><c> the</c><00:01:08.439><c> matching</c><00:01:09.119><c> is</c>

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tool and that's that the matching is
 

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tool and that's that the matching is
based<00:01:09.600><c> off</c><00:01:09.799><c> of</c><00:01:10.000><c> the</c><00:01:10.280><c> amount</c><00:01:10.840><c> of</c><00:01:11.680><c> contributors</c>

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based off of the amount of contributors
 

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based off of the amount of contributors
to<00:01:12.520><c> each</c><00:01:12.840><c> project</c><00:01:13.560><c> as</c><00:01:13.759><c> opposed</c><00:01:14.119><c> to</c><00:01:14.320><c> the</c><00:01:14.520><c> amount</c>

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to each project as opposed to the amount
 

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to each project as opposed to the amount
that<00:01:15.520><c> they've</c><00:01:15.759><c> given</c><00:01:16.560><c> so</c><00:01:16.720><c> if</c><00:01:16.840><c> you</c><00:01:17.000><c> raise</c><00:01:17.400><c> $100</c>

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that they've given so if you raise $100
 

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that they've given so if you raise $100
from<00:01:19.040><c> a</c><00:01:19.200><c> 100</c><00:01:19.479><c> contributors</c><00:01:20.079><c> and</c><00:01:20.240><c> I</c><00:01:20.360><c> raise</c><00:01:20.640><c> $100</c>

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from a 100 contributors and I raise $100
 

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from a 100 contributors and I raise $100
from<00:01:21.560><c> one</c><00:01:21.880><c> contributor</c><00:01:22.439><c> in</c><00:01:22.560><c> a</c><00:01:22.720><c> quadratic</c>

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from one contributor in a quadratic
 

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from one contributor in a quadratic
funding<00:01:23.920><c> campaign</c><00:01:24.920><c> the</c><00:01:25.520><c> one</c><00:01:25.759><c> with</c><00:01:25.960><c> the</c>

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funding campaign the one with the
 

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funding campaign the one with the
broader<00:01:26.720><c> base</c><00:01:26.960><c> of</c><00:01:27.119><c> support</c><00:01:27.479><c> is</c><00:01:27.600><c> going</c><00:01:27.720><c> to</c><00:01:27.799><c> get</c>

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broader base of support is going to get
 

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broader base of support is going to get
99%<00:01:28.880><c> of</c><00:01:29.000><c> the</c><00:01:29.119><c> matching</c><00:01:29.479><c> pool</c><00:01:30.240><c> and</c><00:01:30.360><c> this</c><00:01:30.479><c> makes</c>

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99% of the matching pool and this makes
 

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99% of the matching pool and this makes
quadratic<00:01:31.280><c> funding</c><00:01:31.680><c> into</c><00:01:31.960><c> a</c><00:01:32.200><c> power</c><00:01:32.520><c> tool</c><00:01:32.880><c> for</c>

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quadratic funding into a power tool for
 

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quadratic funding into a power tool for
funding<00:01:33.399><c> what</c><00:01:33.560><c> matters</c><00:01:33.960><c> for</c><00:01:34.640><c> everyday</c><00:01:35.159><c> people</c>

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funding what matters for everyday people
 

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funding what matters for everyday people
in<00:01:35.720><c> these</c><00:01:35.960><c> communities</c><00:01:36.600><c> because</c><00:01:37.280><c> the</c><00:01:37.479><c> poor</c><00:01:37.880><c> in</c>

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in these communities because the poor in
 

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in these communities because the poor in
the<00:01:38.079><c> many</c><00:01:38.360><c> get</c><00:01:38.520><c> to</c><00:01:38.680><c> make</c><00:01:39.119><c> Capital</c><00:01:39.439><c> allocation</c>

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the many get to make Capital allocation
 

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the many get to make Capital allocation
decisions<00:01:40.479><c> instead</c><00:01:40.960><c> of</c><00:01:41.119><c> the</c><00:01:41.280><c> rich</c><00:01:41.560><c> in</c><00:01:41.720><c> the</c><00:01:42.079><c> few</c>

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decisions instead of the rich in the few
 

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decisions instead of the rich in the few
quadratic<00:01:43.600><c> funding</c><00:01:44.479><c> has</c><00:01:44.880><c> delivered</c><00:01:45.360><c> 65</c>

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quadratic funding has delivered 65
 

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quadratic funding has delivered 65
Million<00:01:46.520><c> worth</c><00:01:46.719><c> of</c><00:01:46.799><c> funding</c><00:01:47.159><c> in</c><00:01:47.280><c> the</c><00:01:47.439><c> ethereum</c>

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Million worth of funding in the ethereum
 

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Million worth of funding in the ethereum
ecosystem<00:01:48.799><c> over</c><00:01:49.000><c> the</c><00:01:49.200><c> last</c><00:01:49.640><c> six</c><00:01:50.040><c> years</c><00:01:50.399><c> on</c>

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ecosystem over the last six years on
 

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ecosystem over the last six years on
gitcoin<00:01:52.040><c> but</c><00:01:52.479><c> I</c><00:01:52.560><c> wanted</c><00:01:52.840><c> to</c><00:01:53.159><c> prove</c><00:01:53.600><c> that</c><00:01:53.799><c> we</c>

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gitcoin but I wanted to prove that we
 

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gitcoin but I wanted to prove that we
could<00:01:54.159><c> bring</c><00:01:54.399><c> it</c><00:01:54.600><c> out</c><00:01:54.799><c> of</c><00:01:54.960><c> the</c><00:01:55.119><c> crypto</c><00:01:55.479><c> bubble</c>

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could bring it out of the crypto bubble
 

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could bring it out of the crypto bubble
and<00:01:56.320><c> to</c><00:01:56.520><c> Main</c><00:01:56.840><c> Street</c><00:01:57.479><c> and</c><00:01:57.600><c> so</c><00:01:57.799><c> in</c><00:01:58.000><c> 2020</c><00:01:58.960><c> when</c>

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and to Main Street and so in 2020 when
 

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and to Main Street and so in 2020 when
Co<00:01:59.479><c> was</c><00:01:59.920><c> ravaging</c><00:02:00.280><c> the</c><00:02:00.399><c> world</c><00:02:01.000><c> and</c><00:02:01.159><c> in</c><00:02:01.320><c> my</c>

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Co was ravaging the world and in my
 

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Co was ravaging the world and in my
hometown<00:02:02.200><c> of</c><00:02:02.320><c> Boulder</c><00:02:02.880><c> Colorado</c>

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hometown of Boulder Colorado
 

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hometown of Boulder Colorado
99%<00:02:05.560><c> uh</c><00:02:05.759><c> decrease</c><00:02:06.200><c> in</c><00:02:06.399><c> foot</c><00:02:06.719><c> traffic</c><00:02:07.280><c> for</c><00:02:07.479><c> the</c>

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99% uh decrease in foot traffic for the
 

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99% uh decrease in foot traffic for the
down<00:02:08.039><c> town</c><00:02:08.959><c> uh</c><00:02:09.080><c> was</c><00:02:09.319><c> happening</c><00:02:10.080><c> businesses</c>

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down town uh was happening businesses
 

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down town uh was happening businesses
were<00:02:10.840><c> struggling</c><00:02:11.319><c> to</c><00:02:11.520><c> stay</c><00:02:11.800><c> afloat</c><00:02:12.720><c> and</c><00:02:12.800><c> so</c><00:02:12.959><c> I</c>

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were struggling to stay afloat and so I
 

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were struggling to stay afloat and so I
got<00:02:13.440><c> together</c><00:02:13.959><c> with</c><00:02:14.360><c> my</c><00:02:14.879><c> colleagues</c><00:02:15.879><c> Zack</c>

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got together with my colleagues Zack
 

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got together with my colleagues Zack
Herring<00:02:16.920><c> and</c><00:02:17.440><c> Katie</c><00:02:17.760><c> Johnson</c><00:02:18.560><c> and</c><00:02:18.680><c> we</c><00:02:18.840><c> put</c>

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Herring and Katie Johnson and we put
 

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Herring and Katie Johnson and we put
together<00:02:19.319><c> a</c><00:02:19.800><c> $225,000</c><00:02:20.800><c> matching</c><00:02:21.280><c> pool</c><00:02:21.920><c> of</c>

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together a $225,000 matching pool of
 

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together a $225,000 matching pool of
quadratic<00:02:22.680><c> funding</c><00:02:23.160><c> in</c><00:02:23.360><c> downtown</c><00:02:24.000><c> Boulder</c>

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quadratic funding in downtown Boulder
 

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quadratic funding in downtown Boulder
Colorado<00:02:25.360><c> and</c><00:02:25.480><c> we're</c><00:02:25.640><c> able</c><00:02:25.840><c> to</c><00:02:26.000><c> run</c><00:02:26.160><c> a</c>

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Colorado and we're able to run a
 

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Colorado and we're able to run a
quadratic<00:02:26.800><c> funding</c><00:02:27.319><c> campaign</c><00:02:28.160><c> for</c><00:02:28.560><c> a</c><00:02:28.879><c> yoga</c>

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quadratic funding campaign for a yoga
 

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quadratic funding campaign for a yoga
studio

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studio
 

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studio
a<00:02:31.120><c> bookstore</c><00:02:32.120><c> uh</c><00:02:32.440><c> coffee</c><00:02:32.800><c> shop</c><00:02:33.120><c> and</c><00:02:33.280><c> a</c><00:02:33.480><c> couple</c>

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a bookstore uh coffee shop and a couple
 

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a bookstore uh coffee shop and a couple
of<00:02:34.160><c> other</c><00:02:34.920><c> projects</c>

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of other projects
 

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of other projects
downtown<00:02:38.280><c> so</c><00:02:38.760><c> this</c><00:02:38.879><c> is</c><00:02:39.080><c> what</c><00:02:39.239><c> it</c><00:02:39.360><c> looked</c><00:02:39.680><c> like</c>

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downtown so this is what it looked like
 

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downtown so this is what it looked like
downtown<00:02:40.920><c> stimulus.com</c><00:02:41.920><c> and</c><00:02:42.760><c> basically</c><00:02:43.480><c> the</c>

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downtown stimulus.com and basically the
 

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downtown stimulus.com and basically the
way<00:02:43.720><c> that</c><00:02:43.879><c> we</c><00:02:44.120><c> positioned</c><00:02:44.800><c> this</c><00:02:45.120><c> was</c><00:02:45.280><c> that</c><00:02:45.400><c> you</c>

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way that we positioned this was that you
 

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way that we positioned this was that you
could<00:02:45.680><c> support</c><00:02:46.159><c> local</c><00:02:46.560><c> businesses</c><00:02:47.560><c> by</c><00:02:47.760><c> making</c>

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could support local businesses by making
 

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could support local businesses by making
a<00:02:48.319><c> contribution</c><00:02:49.319><c> to</c><00:02:49.840><c> these</c><00:02:50.200><c> businesses</c><00:02:51.159><c> using</c>

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a contribution to these businesses using
 

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a contribution to these businesses using
a<00:02:51.840><c> credit</c><00:02:52.200><c> card</c><00:02:52.879><c> payout</c><00:02:53.440><c> so</c><00:02:53.720><c> basically</c><00:02:54.120><c> we</c>

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a credit card payout so basically we
 

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a credit card payout so basically we
took<00:02:54.519><c> quadratic</c><00:02:55.080><c> funding</c><00:02:55.480><c> we</c><00:02:55.599><c> took</c><00:02:55.800><c> gitcoin</c>

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took quadratic funding we took gitcoin
 

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took quadratic funding we took gitcoin
grants<00:02:56.959><c> we</c><00:02:57.120><c> stripped</c><00:02:57.519><c> out</c><00:02:57.760><c> all</c><00:02:57.920><c> the</c><00:02:58.159><c> crypto</c>

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grants we stripped out all the crypto
 

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grants we stripped out all the crypto
and<00:02:59.040><c> we</c><00:02:59.159><c> just</c><00:02:59.319><c> allowed</c><00:02:59.599><c> people</c><00:02:59.840><c> people</c><00:03:00.040><c> to</c>

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and we just allowed people people to
 

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and we just allowed people people to
contribute<00:03:00.920><c> with</c><00:03:01.159><c> quadratic</c><00:03:01.800><c> funding</c><00:03:02.560><c> or</c>

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contribute with quadratic funding or
 

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contribute with quadratic funding or
sorry<00:03:03.080><c> with</c><00:03:03.360><c> uh</c><00:03:03.599><c> with</c><00:03:03.840><c> with</c><00:03:04.000><c> US</c><00:03:04.360><c> Dollars</c><00:03:05.040><c> and</c>

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sorry with uh with with US Dollars and
 

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sorry with uh with with US Dollars and
have<00:03:05.519><c> their</c><00:03:05.959><c> contributions</c><00:03:06.720><c> matched</c><00:03:07.200><c> by</c>

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have their contributions matched by
 

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have their contributions matched by
quadratic<00:03:07.959><c> funding</c><00:03:08.959><c> so</c><00:03:09.200><c> we</c><00:03:09.319><c> had</c><00:03:09.440><c> a</c><00:03:09.640><c> $25,000</c>

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quadratic funding so we had a $25,000
 

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quadratic funding so we had a $25,000
matching<00:03:11.000><c> pool</c><00:03:11.360><c> thank</c><00:03:11.560><c> you</c><00:03:11.720><c> to</c><00:03:11.920><c> vitalic</c><00:03:12.319><c> boin</c>

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matching pool thank you to vitalic boin
 

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matching pool thank you to vitalic boin
and<00:03:13.120><c> to</c><00:03:13.840><c> local</c><00:03:14.239><c> philanthropist</c><00:03:15.080><c> bradf</c><00:03:15.480><c> Feld</c>

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and to local philanthropist bradf Feld
 

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and to local philanthropist bradf Feld
and<00:03:16.159><c> we're</c><00:03:16.440><c> able</c><00:03:16.760><c> to</c><00:03:17.440><c> raise</c>

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and we're able to raise
 

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and we're able to raise
$116,000<00:03:19.640><c> from</c><00:03:20.319><c> 320</c><00:03:21.319><c> 320</c><00:03:22.080><c> contributors</c><00:03:23.040><c> of</c><00:03:23.200><c> an</c>

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$116,000 from 320 320 contributors of an
 

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$116,000 from 320 320 contributors of an
average<00:03:23.640><c> donation</c><00:03:24.360><c> of</c><00:03:24.560><c> about</c><00:03:24.959><c> $40</c><00:03:25.959><c> and</c><00:03:26.159><c> all</c><00:03:26.360><c> in</c>

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average donation of about $40 and all in
 

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average donation of about $40 and all in
all<00:03:27.680><c> were</c><00:03:27.879><c> able</c><00:03:28.080><c> to</c><00:03:28.280><c> raise</c><00:03:28.680><c> about</c><00:03:28.879><c> 41</c><00:03:29.920><c> thousand</c>

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all were able to raise about 41 thousand
 

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all were able to raise about 41 thousand
doll<00:03:30.920><c> for</c><00:03:31.439><c> downtown</c><00:03:31.959><c> Boulder</c><00:03:32.599><c> public</c>

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goods<00:03:36.159><c> I</c><00:03:36.280><c> think</c><00:03:36.439><c> this</c><00:03:36.560><c> is</c><00:03:36.760><c> really</c><00:03:37.040><c> exciting</c>

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goods I think this is really exciting
 

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goods I think this is really exciting
that<00:03:38.000><c> A</c><00:03:38.200><c> Primitive</c><00:03:38.720><c> that</c><00:03:38.959><c> has</c><00:03:39.120><c> been</c><00:03:39.519><c> pioneered</c>

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that A Primitive that has been pioneered
 

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that A Primitive that has been pioneered
and<00:03:40.959><c> distributed</c><00:03:41.799><c> in</c><00:03:42.360><c> the</c><00:03:42.560><c> crypto</c><00:03:43.040><c> ecosystem</c>

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and distributed in the crypto ecosystem
 

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and distributed in the crypto ecosystem
was<00:03:44.120><c> able</c><00:03:44.400><c> to</c><00:03:44.599><c> go</c><00:03:45.400><c> mainstream</c><00:03:46.400><c> with</c><00:03:46.640><c> a</c>

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was able to go mainstream with a
 

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was able to go mainstream with a
campaign<00:03:47.280><c> like</c><00:03:47.480><c> downtown</c><00:03:47.959><c> stimulus</c><00:03:48.599><c> and</c><00:03:48.760><c> I'm</c>

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campaign like downtown stimulus and I'm
 

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campaign like downtown stimulus and I'm
really<00:03:49.200><c> excited</c><00:03:49.680><c> about</c><00:03:49.920><c> this</c><00:03:50.040><c> meme</c><00:03:50.400><c> of</c><00:03:50.640><c> cosmol</c>

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really excited about this meme of cosmol
 

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really excited about this meme of cosmol
localism<00:03:52.200><c> which</c><00:03:52.360><c> is</c><00:03:52.640><c> basically</c><00:03:53.519><c> an</c><00:03:53.760><c> approach</c>

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localism which is basically an approach
 

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localism which is basically an approach
to<00:03:54.280><c> production</c><00:03:54.640><c> and</c><00:03:54.799><c> governance</c><00:03:55.360><c> that</c>

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to production and governance that
 

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to production and governance that
provides<00:03:56.760><c> uh</c><00:03:56.920><c> a</c><00:03:57.079><c> combination</c><00:03:57.599><c> of</c><00:03:57.799><c> global</c>

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provides uh a combination of global
 

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provides uh a combination of global
coordination<00:03:58.840><c> with</c><00:03:59.000><c> knowledge</c><00:03:59.319><c> sharing</c><00:04:00.200><c> in</c>

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coordination with knowledge sharing in
 

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coordination with knowledge sharing in
local<00:04:00.840><c> manufacturing</c><00:04:01.760><c> and</c><00:04:01.959><c> resource</c><00:04:02.439><c> use</c>

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local manufacturing and resource use
 

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local manufacturing and resource use
emphasizing<00:04:03.680><c> open-</c><00:04:04.000><c> Source</c><00:04:04.360><c> software</c><00:04:05.360><c> and</c><00:04:05.599><c> a</c>

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emphasizing open- Source software and a
 

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emphasizing open- Source software and a
relationship<00:04:06.519><c> between</c><00:04:06.840><c> the</c><00:04:06.959><c> global</c><00:04:07.319><c> and</c><00:04:07.439><c> the</c>

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relationship between the global and the
 

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relationship between the global and the
local<00:04:08.239><c> where</c><00:04:08.439><c> the</c><00:04:08.640><c> Global</c><00:04:09.319><c> Services</c><00:04:10.280><c> the</c>

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local where the Global Services the
 

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local where the Global Services the
local<00:04:11.599><c> okay</c><00:04:12.000><c> so</c><00:04:12.239><c> in</c><00:04:12.439><c> what</c><00:04:12.640><c> ways</c><00:04:13.000><c> can</c><00:04:13.159><c> we</c><00:04:13.519><c> in</c><00:04:13.680><c> the</c>

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local okay so in what ways can we in the
 

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local okay so in what ways can we in the
ethereum<00:04:14.400><c> ecosystem</c><00:04:15.120><c> in</c><00:04:15.280><c> the</c><00:04:15.360><c> open</c><00:04:15.640><c> source</c>

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ethereum ecosystem in the open source
 

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ethereum ecosystem in the open source
ecosystem<00:04:17.400><c> create</c><00:04:17.840><c> a</c><00:04:18.280><c> Global</c><00:04:18.759><c> Commons</c><00:04:19.519><c> create</c>

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ecosystem create a Global Commons create
 

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ecosystem create a Global Commons create
knowledge<00:04:20.199><c> and</c><00:04:20.440><c> production</c><00:04:20.880><c> that</c><00:04:21.000><c> is</c><00:04:21.160><c> in</c>

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knowledge and production that is in
 

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knowledge and production that is in
service<00:04:21.880><c> to</c><00:04:22.120><c> the</c><00:04:22.360><c> local</c><00:04:23.160><c> and</c><00:04:23.280><c> this</c><00:04:23.400><c> is</c><00:04:23.560><c> opposed</c>

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service to the local and this is opposed
 

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service to the local and this is opposed
to<00:04:24.160><c> the</c><00:04:24.280><c> web</c><00:04:24.560><c> 2</c><00:04:25.240><c> surveillance</c><00:04:25.960><c> economy</c><00:04:26.720><c> in</c>

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to the web 2 surveillance economy in
 

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to the web 2 surveillance economy in
which<00:04:27.040><c> you</c><00:04:27.199><c> have</c><00:04:27.440><c> Facebook</c><00:04:27.919><c> Communities</c>

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which you have Facebook Communities
 

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which you have Facebook Communities
going<00:04:29.000><c> into</c><00:04:29.199><c> your</c><00:04:29.360><c> local</c><00:04:29.880><c> communities</c><00:04:30.840><c> and</c>

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going into your local communities and
 

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going into your local communities and
surveiling<00:04:31.800><c> everyone</c><00:04:32.680><c> and</c><00:04:32.840><c> tearing</c><00:04:33.199><c> apart</c>

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surveiling everyone and tearing apart
 

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surveiling everyone and tearing apart
the<00:04:33.680><c> social</c><00:04:34.000><c> fabric</c><00:04:34.639><c> because</c><00:04:35.320><c> it's</c><00:04:35.479><c> more</c>

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the social fabric because it's more
 

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the social fabric because it's more
profitable<00:04:36.240><c> for</c><00:04:36.479><c> Facebook</c><00:04:36.880><c> shareholders</c>

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profitable for Facebook shareholders
 

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profitable for Facebook shareholders
that<00:04:37.880><c> way</c><00:04:38.639><c> how</c><00:04:38.800><c> can</c><00:04:39.240><c> the</c><00:04:39.840><c> ethereum</c><00:04:40.639><c> commons</c><00:04:41.360><c> be</c>

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that way how can the ethereum commons be
 

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that way how can the ethereum commons be
in<00:04:41.840><c> service</c><00:04:42.440><c> of</c><00:04:42.680><c> the</c><00:04:42.840><c> local</c><00:04:43.240><c> Commons</c><00:04:43.720><c> is</c><00:04:43.880><c> the</c>

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in service of the local Commons is the
 

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in service of the local Commons is the
design<00:04:44.479><c> space</c><00:04:44.919><c> of</c><00:04:45.160><c> cosmol</c><00:04:45.600><c> localism</c><00:04:46.400><c> and</c>

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design space of cosmol localism and
 

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design space of cosmol localism and
ethereum<00:04:47.199><c> localism</c><00:04:48.160><c> and</c><00:04:48.280><c> I'm</c><00:04:48.479><c> happy</c><00:04:48.680><c> to</c><00:04:48.800><c> say</c>

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ethereum localism and I'm happy to say
 

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ethereum localism and I'm happy to say
that<00:04:49.160><c> downtown</c><00:04:49.639><c> stimulus</c><00:04:50.160><c> to</c><00:04:50.360><c> me</c><00:04:51.039><c> is</c><00:04:51.400><c> a</c><00:04:51.720><c> proof</c>

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that downtown stimulus to me is a proof
 

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that downtown stimulus to me is a proof
point<00:04:52.600><c> that</c><00:04:52.800><c> this</c><00:04:52.960><c> is</c><00:04:53.280><c> possible</c><00:04:54.120><c> we</c><00:04:54.240><c> can</c><00:04:54.479><c> take</c>

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point that this is possible we can take
 

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point that this is possible we can take
the<00:04:55.440><c> programmable</c><00:04:56.039><c> money</c><00:04:56.440><c> where</c><00:04:56.600><c> we</c><00:04:56.759><c> program</c>

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the programmable money where we program
 

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the programmable money where we program
our<00:04:57.199><c> values</c><00:04:57.520><c> into</c><00:04:57.720><c> our</c><00:04:57.880><c> money</c><00:04:58.360><c> in</c><00:04:58.479><c> the</c>

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our values into our money in the
 

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our values into our money in the
ethereum<00:04:59.199><c> space</c>

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ethereum space
 

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ethereum space
from<00:05:01.039><c> the</c><00:05:01.160><c> ethereum</c><00:05:01.680><c> space</c><00:05:02.039><c> and</c><00:05:02.160><c> start</c>

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from the ethereum space and start
 

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from the ethereum space and start
applying<00:05:02.840><c> it</c><00:05:02.960><c> to</c><00:05:03.360><c> downtowns</c><00:05:04.360><c> uh</c><00:05:04.560><c> across</c><00:05:04.919><c> the</c>

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applying it to downtowns uh across the
 

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applying it to downtowns uh across the
world<00:05:05.360><c> and</c><00:05:05.479><c> I'm</c><00:05:05.680><c> really</c><00:05:05.919><c> excited</c><00:05:06.280><c> to</c><00:05:06.360><c> see</c><00:05:06.560><c> what</c>

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world and I'm really excited to see what
 

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world and I'm really excited to see what
kind<00:05:06.800><c> of</c><00:05:06.960><c> experiments</c><00:05:07.400><c> in</c><00:05:07.680><c> public</c><00:05:07.919><c> goods</c>

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kind of experiments in public goods
 

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kind of experiments in public goods
funding<00:05:08.840><c> Community</c><00:05:09.320><c> currency</c><00:05:09.960><c> supporting</c>

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funding Community currency supporting
 

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funding Community currency supporting
the<00:05:10.479><c> Arts</c><00:05:10.759><c> and</c><00:05:10.960><c> supporting</c><00:05:11.440><c> public</c><00:05:11.720><c> goods</c>

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the Arts and supporting public goods
 

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the Arts and supporting public goods
that<00:05:12.360><c> we</c><00:05:12.520><c> can</c><00:05:12.680><c> do</c><00:05:13.479><c> uh</c><00:05:13.600><c> when</c><00:05:13.759><c> we</c><00:05:13.880><c> do</c><00:05:14.120><c> that</c><00:05:14.800><c> so</c><00:05:15.000><c> I'm</c>

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that we can do uh when we do that so I'm
 

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that we can do uh when we do that so I'm
Kevin<00:05:15.440><c> aaki</c><00:05:16.080><c> founder</c><00:05:16.440><c> of</c><00:05:16.639><c> gitcoin</c><00:05:17.240><c> that's</c>

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Kevin aaki founder of gitcoin that's
 

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Kevin aaki founder of gitcoin that's
been<00:05:17.639><c> downtown</c><00:05:18.039><c> stimulus</c><00:05:18.759><c> thanks</c><00:05:19.000><c> so</c><00:05:19.199><c> much</c>

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been downtown stimulus thanks so much
 

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been downtown stimulus thanks so much
for<00:05:19.720><c> your</c>

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for your
 

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for your
time<00:05:21.479><c> thank</c><00:05:21.680><c> you</c>

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time thank you
 

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time thank you
Kevin<00:05:24.440><c> hello</c><00:05:25.560><c> hello</c><00:05:26.560><c> amazing</c><00:05:27.080><c> we</c><00:05:27.319><c> have</c><00:05:27.680><c> like</c>

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Kevin hello hello amazing we have like
 

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Kevin hello hello amazing we have like
uh<00:05:28.319><c> roughly</c><00:05:28.759><c> 5</c><00:05:29.000><c> minutes</c><00:05:29.319><c> for</c>

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uh roughly 5 minutes for
 

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uh roughly 5 minutes for
questions<00:05:31.319><c> um</c><00:05:32.000><c> by</c><00:05:32.199><c> by</c><00:05:32.319><c> the</c><00:05:32.400><c> way</c><00:05:32.520><c> I'm</c><00:05:32.680><c> also</c><00:05:32.880><c> a</c>

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questions um by by the way I'm also a
 

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questions um by by the way I'm also a
big<00:05:33.240><c> fan</c><00:05:33.479><c> of</c><00:05:33.880><c> cosmal</c><00:05:34.360><c> localism</c><00:05:35.360><c> yeah</c>

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big fan of cosmal localism yeah
 

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big fan of cosmal localism yeah
thanks<00:05:37.240><c> anyone</c><00:05:37.880><c> in</c><00:05:38.199><c> the</c>

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thanks anyone in the
 

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thanks anyone in the
audience<00:05:41.199><c> uh</c><00:05:41.479><c> the</c><00:05:41.680><c> gentleman</c><00:05:42.080><c> is</c><00:05:42.199><c> the</c><00:05:42.400><c> purple</c>

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audience uh the gentleman is the purple
 

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audience uh the gentleman is the purple
head<00:05:43.840><c> should</c>

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I<00:05:47.240><c> oh</c><00:05:47.680><c> wow</c><00:05:48.080><c> you're</c><00:05:48.360><c> good</c><00:05:48.800><c> good</c><00:05:49.039><c> catch</c><00:05:49.680><c> thanks</c>

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I oh wow you're good good catch thanks
 

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I oh wow you're good good catch thanks
um<00:05:50.960><c> yeah</c><00:05:51.199><c> I</c><00:05:51.360><c> love</c><00:05:51.479><c> your</c><00:05:51.600><c> work</c><00:05:52.080><c> and</c><00:05:52.199><c> all</c><00:05:52.360><c> that</c><00:05:52.960><c> um</c>

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um yeah I love your work and all that um
 

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um yeah I love your work and all that um
I<00:05:53.759><c> was</c><00:05:53.880><c> going</c><00:05:53.960><c> to</c><00:05:54.120><c> ask</c><00:05:54.520><c> with</c><00:05:55.039><c> um</c><00:05:55.479><c> things</c><00:05:55.720><c> like</c>

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I was going to ask with um things like
 

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I was going to ask with um things like
Community<00:05:56.319><c> currencies</c><00:05:56.960><c> and</c><00:05:57.560><c> um</c><00:05:57.840><c> things</c><00:05:58.039><c> like</c>

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Community currencies and um things like
 

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Community currencies and um things like
that<00:05:58.360><c> where</c><00:05:58.479><c> you</c><00:05:58.600><c> might</c><00:05:58.800><c> put</c><00:05:59.120><c> conditions</c><00:05:59.360><c> on</c>

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that where you might put conditions on
 

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that where you might put conditions on
your<00:05:59.759><c> money</c><00:06:00.319><c> I</c><00:06:00.520><c> I</c><00:06:00.759><c> sometimes</c><00:06:00.960><c> think</c><00:06:01.120><c> that</c>

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your money I I sometimes think that
 

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your money I I sometimes think that
that's<00:06:01.520><c> obviously</c><00:06:01.840><c> a</c><00:06:02.039><c> restricted</c><00:06:02.520><c> form</c><00:06:02.759><c> of</c>

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that's obviously a restricted form of
 

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that's obviously a restricted form of
trade<00:06:03.840><c> that</c><00:06:04.840><c> um</c><00:06:05.520><c> whereas</c><00:06:05.840><c> like</c><00:06:05.960><c> regular</c><00:06:06.280><c> Fe</c>

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trade that um whereas like regular Fe
 

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trade that um whereas like regular Fe
currencies<00:06:06.919><c> are</c><00:06:07.039><c> sort</c><00:06:07.199><c> of</c><00:06:07.280><c> unrestricted</c><00:06:08.199><c> so</c>

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currencies are sort of unrestricted so
 

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currencies are sort of unrestricted so
with<00:06:08.639><c> that</c><00:06:08.800><c> lens</c><00:06:09.240><c> how</c><00:06:09.520><c> would</c><00:06:09.680><c> you</c><00:06:09.800><c> say</c><00:06:10.000><c> that</c>

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with that lens how would you say that
 

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with that lens how would you say that
the<00:06:10.840><c> community</c><00:06:11.280><c> currencies</c><00:06:11.720><c> can</c><00:06:11.840><c> sort</c><00:06:11.960><c> of</c><00:06:12.080><c> out</c>

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the community currencies can sort of out
 

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the community currencies can sort of out
compete<00:06:13.080><c> Freer</c><00:06:13.599><c> money</c><00:06:14.440><c> if</c><00:06:14.560><c> that's</c><00:06:14.680><c> a</c><00:06:14.800><c> right</c>

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compete Freer money if that's a right
 

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compete Freer money if that's a right
premise<00:06:15.400><c> fig</c><00:06:16.400><c> yeah</c><00:06:16.599><c> so</c><00:06:16.759><c> the</c><00:06:16.919><c> question</c><00:06:17.160><c> is</c><00:06:17.360><c> how</c>

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premise fig yeah so the question is how
 

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premise fig yeah so the question is how
can<00:06:17.639><c> Community</c><00:06:18.000><c> currencies</c><00:06:18.479><c> out</c><00:06:18.800><c> compete</c>

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can Community currencies out compete
 

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can Community currencies out compete
National<00:06:19.880><c> currencies</c><00:06:20.880><c> yeah</c><00:06:21.160><c> like</c><00:06:21.360><c> how</c><00:06:21.479><c> how</c>

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National currencies yeah like how how
 

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National currencies yeah like how how
would<00:06:21.720><c> it</c><00:06:21.880><c> have</c><00:06:22.039><c> more</c><00:06:22.280><c> utility</c><00:06:22.840><c> if</c><00:06:22.960><c> it's</c>

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would it have more utility if it's
 

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would it have more utility if it's
somewhat<00:06:23.479><c> constrained</c><00:06:23.960><c> in</c><00:06:24.120><c> some</c><00:06:24.400><c> ways</c><00:06:25.240><c> yeah</c>

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somewhat constrained in some ways yeah
 

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somewhat constrained in some ways yeah
um<00:06:27.639><c> I</c><00:06:28.639><c> think</c><00:06:28.840><c> the</c><00:06:29.000><c> community</c><00:06:29.280><c> currency</c><00:06:29.800><c> are</c>

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um I think the community currency are
 

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um I think the community currency are
cool<00:06:30.120><c> as</c><00:06:30.240><c> an</c><00:06:30.360><c> outsider</c><00:06:30.840><c> but</c><00:06:30.960><c> I'm</c><00:06:31.080><c> not</c><00:06:31.199><c> a</c>

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cool as an outsider but I'm not a
 

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cool as an outsider but I'm not a
designer<00:06:31.759><c> of</c><00:06:31.960><c> any</c><00:06:32.240><c> so</c><00:06:32.680><c> I'm</c><00:06:33.680><c> not</c><00:06:34.160><c> qualified</c><00:06:34.560><c> to</c>

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designer of any so I'm not qualified to
 

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designer of any so I'm not qualified to
answer<00:06:35.000><c> that</c><00:06:35.160><c> question</c><00:06:35.919><c> uh</c><00:06:36.240><c> I</c><00:06:36.319><c> think</c><00:06:36.520><c> Scott</c>

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answer that question uh I think Scott
 

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answer that question uh I think Scott
Morris<00:06:37.160><c> has</c><00:06:37.280><c> done</c><00:06:37.400><c> a</c><00:06:37.560><c> lot</c><00:06:37.639><c> of</c><00:06:37.720><c> work</c><00:06:37.880><c> on</c>

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Morris has done a lot of work on
 

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Morris has done a lot of work on
community<00:06:38.400><c> currencies</c><00:06:39.319><c> and</c><00:06:40.080><c> I</c><00:06:40.199><c> would</c><00:06:40.400><c> ask</c><00:06:40.599><c> him</c>

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community currencies and I would ask him
 

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community currencies and I would ask him
yeah<00:06:41.360><c> I</c><00:06:41.440><c> guess</c><00:06:41.560><c> I</c><00:06:41.639><c> was</c><00:06:41.759><c> riffing</c><00:06:42.080><c> off</c><00:06:42.240><c> the</c><00:06:42.560><c> um</c>

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yeah I guess I was riffing off the um
 

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yeah I guess I was riffing off the um
like<00:06:43.120><c> adding</c><00:06:43.319><c> our</c><00:06:43.520><c> values</c><00:06:43.800><c> to</c><00:06:43.960><c> our</c><00:06:44.080><c> money</c><00:06:44.479><c> and</c>

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like adding our values to our money and
 

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like adding our values to our money and
if<00:06:44.759><c> you</c><00:06:45.000><c> put</c><00:06:45.199><c> sort</c><00:06:45.360><c> of</c><00:06:45.560><c> constraints</c><00:06:45.960><c> on</c><00:06:46.080><c> it</c><00:06:46.160><c> in</c>

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if you put sort of constraints on it in
 

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if you put sort of constraints on it in
that<00:06:46.440><c> sense</c><00:06:46.680><c> to</c><00:06:46.960><c> fuel</c><00:06:47.280><c> our</c><00:06:47.479><c> values</c><00:06:48.199><c> I</c><00:06:48.280><c> can</c><00:06:48.400><c> see</c>

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that sense to fuel our values I can see
 

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that sense to fuel our values I can see
definitely<00:06:48.919><c> the</c><00:06:49.000><c> bigger</c><00:06:49.280><c> picture</c><00:06:49.560><c> that</c>

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definitely the bigger picture that
 

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definitely the bigger picture that
that's<00:06:50.199><c> that's</c><00:06:50.400><c> awesome</c><00:06:50.759><c> and</c><00:06:50.880><c> I</c><00:06:51.080><c> want</c><00:06:51.199><c> to</c><00:06:51.319><c> see</c>

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that's that's awesome and I want to see
 

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that's that's awesome and I want to see
more<00:06:51.639><c> of</c><00:06:51.800><c> that</c><00:06:52.160><c> but</c><00:06:52.319><c> then</c><00:06:52.479><c> I</c><00:06:52.639><c> also</c><00:06:53.560><c> sort</c><00:06:53.680><c> of</c>

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more of that but then I also sort of
 

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more of that but then I also sort of
play<00:06:53.919><c> Devil's</c><00:06:54.240><c> Advocate</c><00:06:55.120><c> as</c><00:06:55.280><c> more</c><00:06:55.479><c> so</c><00:06:55.560><c> another</c>

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play Devil's Advocate as more so another
 

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play Devil's Advocate as more so another
friend<00:06:55.960><c> does</c><00:06:56.160><c> this</c><00:06:56.280><c> to</c><00:06:56.440><c> me</c><00:06:56.919><c> where</c><00:06:57.280><c> he</c><00:06:57.400><c> sort</c><00:06:57.520><c> of</c>

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friend does this to me where he sort of
 

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friend does this to me where he sort of
says<00:06:57.919><c> well</c><00:06:58.160><c> I</c><00:06:58.199><c> could</c><00:06:58.360><c> just</c><00:06:58.479><c> do</c><00:06:58.599><c> that</c><00:06:58.720><c> with</c><00:06:58.840><c> the</c>

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says well I could just do that with the
 

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says well I could just do that with the
US<00:06:59.160><c> dollar</c><00:06:59.360><c> or</c><00:06:59.879><c> do</c><00:07:00.039><c> that</c><00:07:00.160><c> with</c><00:07:00.240><c> this</c><00:07:00.400><c> spere</c>

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US dollar or do that with this spere
 

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US dollar or do that with this spere
currency<00:07:01.160><c> so</c><00:07:01.440><c> I'm</c><00:07:01.560><c> trying</c><00:07:01.759><c> to</c><00:07:01.840><c> sort</c><00:07:01.960><c> of</c><00:07:02.160><c> find</c>

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currency so I'm trying to sort of find
 

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currency so I'm trying to sort of find
the<00:07:02.639><c> arguments</c><00:07:03.639><c> like</c><00:07:03.840><c> other</c><00:07:04.039><c> arguments</c><00:07:04.479><c> that</c>

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the arguments like other arguments that
 

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the arguments like other arguments that
say<00:07:05.280><c> this</c><00:07:06.560><c> um</c><00:07:07.560><c> money</c><00:07:07.840><c> with</c><00:07:08.080><c> value</c>

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say this um money with value
 

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say this um money with value
restrictions<00:07:09.039><c> is</c><00:07:09.280><c> kind</c><00:07:09.400><c> of</c>

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restrictions is kind of
 

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restrictions is kind of
more<00:07:11.199><c> better</c><00:07:11.639><c> in</c><00:07:11.759><c> a</c><00:07:11.879><c> more</c><00:07:12.039><c> immediate</c><00:07:12.400><c> form</c>

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more better in a more immediate form
 

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more better in a more immediate form
than<00:07:12.800><c> I</c><00:07:12.879><c> can</c><00:07:13.039><c> currently</c><00:07:13.360><c> argue</c><00:07:13.720><c> so</c><00:07:13.800><c> I'm</c><00:07:13.919><c> trying</c>

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than I can currently argue so I'm trying
 

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than I can currently argue so I'm trying
to<00:07:14.199><c> find</c><00:07:14.800><c> on</c><00:07:15.000><c> that</c><00:07:15.199><c> side</c><00:07:16.160><c> yeah</c><00:07:17.360><c> um</c><00:07:18.360><c> uh</c><00:07:18.599><c> I</c><00:07:18.720><c> think</c>

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to find on that side yeah um uh I think
 

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to find on that side yeah um uh I think
that<00:07:19.759><c> uh</c><00:07:20.039><c> you</c><00:07:20.120><c> know</c><00:07:20.280><c> one</c><00:07:20.400><c> of</c><00:07:20.479><c> the</c><00:07:20.599><c> things</c><00:07:21.000><c> that</c>

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that uh you know one of the things that
 

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that uh you know one of the things that
I<00:07:21.240><c> see</c><00:07:21.680><c> a</c><00:07:22.000><c> parallel</c><00:07:22.560><c> between</c><00:07:22.879><c> what</c><00:07:23.000><c> we're</c>

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I see a parallel between what we're
 

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I see a parallel between what we're
doing<00:07:23.280><c> in</c><00:07:23.360><c> the</c><00:07:23.479><c> crypto</c><00:07:23.960><c> ecosystem</c><00:07:24.960><c> and</c><00:07:25.160><c> what</c>

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doing in the crypto ecosystem and what
 

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doing in the crypto ecosystem and what
community<00:07:25.720><c> currencies</c><00:07:26.199><c> have</c><00:07:26.360><c> done</c><00:07:26.599><c> for</c>

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community currencies have done for
 

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community currencies have done for
hundreds<00:07:27.360><c> of</c><00:07:27.680><c> years</c><00:07:28.680><c> is</c><00:07:29.039><c> that</c><00:07:29.599><c> what</c><00:07:29.720><c> we're</c>

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hundreds of years is that what we're
 

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hundreds of years is that what we're
doing<00:07:30.120><c> in</c><00:07:30.240><c> the</c><00:07:30.360><c> crypto</c><00:07:30.840><c> ecosystem</c><00:07:31.840><c> is</c><00:07:32.199><c> mically</c>

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doing in the crypto ecosystem is mically
 

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doing in the crypto ecosystem is mically
local<00:07:33.720><c> and</c><00:07:34.240><c> Community</c><00:07:34.639><c> currencies</c><00:07:35.039><c> are</c>

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local and Community currencies are
 

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local and Community currencies are
geographically<00:07:36.080><c> local</c><00:07:36.759><c> okay</c><00:07:36.919><c> so</c><00:07:37.199><c> like</c><00:07:37.720><c> uh</c><00:07:37.840><c> to</c>

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geographically local okay so like uh to
 

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geographically local okay so like uh to
me<00:07:38.160><c> mimetically</c><00:07:38.720><c> local</c><00:07:39.120><c> means</c><00:07:39.479><c> that</c><00:07:39.639><c> like</c>

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me mimetically local means that like
 

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me mimetically local means that like
gitcoin<00:07:40.520><c> a</c><00:07:40.680><c> public</c><00:07:40.919><c> goods</c><00:07:41.199><c> funding</c><00:07:42.039><c> uh</c><00:07:42.199><c> coin</c>

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gitcoin a public goods funding uh coin
 

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gitcoin a public goods funding uh coin
filecoin<00:07:43.520><c> is</c><00:07:43.639><c> a</c><00:07:43.759><c> file</c><00:07:44.080><c> storage</c><00:07:44.680><c> coin</c><00:07:45.080><c> ethereum</c>

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filecoin is a file storage coin ethereum
 

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filecoin is a file storage coin ethereum
is<00:07:45.759><c> a</c><00:07:46.000><c> computational</c><00:07:46.759><c> coin</c><00:07:47.360><c> in</c><00:07:47.919><c> in</c><00:07:48.280><c> in</c><00:07:48.520><c> a</c><00:07:48.720><c> local</c>

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is a computational coin in in in a local
 

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is a computational coin in in in a local
mimic<00:07:50.319><c> area</c><00:07:50.879><c> and</c><00:07:51.000><c> so</c><00:07:51.520><c> you</c><00:07:51.639><c> know</c><00:07:51.800><c> in</c><00:07:51.960><c> what</c><00:07:52.120><c> ways</c>

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mimic area and so you know in what ways
 

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mimic area and so you know in what ways
in<00:07:52.960><c> what</c><00:07:53.120><c> what</c><00:07:53.240><c> we</c><00:07:53.360><c> learn</c><00:07:53.599><c> in</c><00:07:53.759><c> community</c>

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in what what we learn in community
 

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in what what we learn in community
currencies<00:07:54.680><c> can</c><00:07:54.840><c> be</c><00:07:55.039><c> applied</c><00:07:55.520><c> to</c><00:07:56.120><c> Global</c>

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currencies can be applied to Global
 

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currencies can be applied to Global
currencies<00:07:58.240><c> like</c><00:07:58.639><c> Dow</c><00:07:59.000><c> currencies</c><00:07:59.680><c> and</c><00:07:59.879><c> vice</c>

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currencies like Dow currencies and vice
 

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currencies like Dow currencies and vice
versa<00:08:00.840><c> I</c><00:08:00.919><c> think</c><00:08:01.080><c> that</c><00:08:01.240><c> there</c><00:08:01.400><c> might</c><00:08:01.560><c> be</c><00:08:01.800><c> sort</c>

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versa I think that there might be sort
 

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versa I think that there might be sort
of<00:08:02.039><c> a</c><00:08:02.199><c> cosmol</c><00:08:02.560><c> local</c><00:08:02.879><c> convergence</c>

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of a cosmol local convergence
 

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of a cosmol local convergence
there<00:08:05.039><c> yeah</c><00:08:05.520><c> but</c><00:08:05.639><c> my</c><00:08:05.759><c> talk</c><00:08:05.919><c> was</c><00:08:06.039><c> about</c>

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there yeah but my talk was about
 

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there yeah but my talk was about
quadratic<00:08:06.720><c> funding</c><00:08:07.000><c> more</c><00:08:07.159><c> than</c><00:08:07.280><c> Community</c>

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quadratic funding more than Community
 

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quadratic funding more than Community
currencies<00:08:08.759><c> uh</c><00:08:09.039><c> I</c><00:08:09.199><c> I</c><00:08:09.280><c> think</c><00:08:09.440><c> that</c><00:08:09.599><c> they're</c>

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currencies uh I I think that they're
 

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currencies uh I I think that they're
both<00:08:09.960><c> cool</c><00:08:10.520><c> though</c><00:08:11.520><c> thank</c><00:08:11.680><c> you</c><00:08:11.919><c> do</c><00:08:12.039><c> we</c><00:08:12.120><c> have</c>

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both cool though thank you do we have
 

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both cool though thank you do we have
time<00:08:12.360><c> for</c><00:08:12.479><c> one</c><00:08:12.599><c> more</c><00:08:12.840><c> question</c><00:08:13.360><c> yes</c><00:08:13.520><c> we</c><00:08:13.759><c> do</c>

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time for one more question yes we do
 

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time for one more question yes we do
gentleman<00:08:15.199><c> over</c>

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gentleman over
 

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gentleman over
there<00:08:18.039><c> thank</c><00:08:18.199><c> you</c><00:08:18.919><c> hi</c><00:08:19.120><c> Kevin</c><00:08:19.680><c> hey</c><00:08:20.240><c> um</c><00:08:20.840><c> what</c><00:08:20.960><c> do</c>

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there thank you hi Kevin hey um what do
 

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there thank you hi Kevin hey um what do
you<00:08:21.199><c> think</c><00:08:21.520><c> or</c><00:08:21.720><c> what</c><00:08:22.000><c> in</c><00:08:22.159><c> your</c><00:08:22.360><c> mind</c><00:08:22.919><c> will</c><00:08:23.120><c> be</c>

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you think or what in your mind will be
 

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you think or what in your mind will be
the<00:08:23.840><c> hardest</c><00:08:24.240><c> part</c><00:08:24.440><c> of</c><00:08:24.599><c> building</c><00:08:25.080><c> some</c><00:08:25.639><c> uh</c>

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the hardest part of building some uh
 

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the hardest part of building some uh
version<00:08:26.159><c> of</c><00:08:26.440><c> a</c><00:08:26.639><c> downtown</c><00:08:27.400><c> U</c><00:08:28.199><c> uh</c><00:08:28.639><c> stimulus</c><00:08:29.120><c> in</c>

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version of a downtown U uh stimulus in
 

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version of a downtown U uh stimulus in
in<00:08:29.800><c> in</c><00:08:29.919><c> another</c><00:08:30.199><c> local</c><00:08:30.479><c> community</c><00:08:31.199><c> finding</c>

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in in another local community finding
 

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in in another local community finding
the<00:08:32.240><c> the</c><00:08:32.440><c> initial</c><00:08:32.839><c> donors</c><00:08:33.399><c> or</c><00:08:33.680><c> the</c><00:08:33.880><c> tech</c>

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the the initial donors or the tech
 

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the the initial donors or the tech
probably<00:08:34.519><c> Tech</c><00:08:34.760><c> is</c><00:08:34.919><c> just</c><00:08:35.080><c> foring</c><00:08:35.519><c> something</c>

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probably Tech is just foring something
 

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probably Tech is just foring something
or<00:08:36.880><c> uh</c><00:08:37.560><c> making</c><00:08:37.839><c> people</c><00:08:38.399><c> understand</c><00:08:38.599><c> how</c><00:08:38.719><c> to</c>

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or uh making people understand how to
 

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or uh making people understand how to
use<00:08:39.080><c> the</c><00:08:39.279><c> system</c><00:08:39.599><c> or</c><00:08:39.760><c> anything</c><00:08:40.159><c> like</c><00:08:40.279><c> in</c><00:08:40.399><c> your</c>

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use the system or anything like in your
 

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use the system or anything like in your
experience<00:08:41.080><c> what</c><00:08:41.240><c> what</c><00:08:41.360><c> you</c><00:08:41.479><c> think</c><00:08:41.640><c> is</c><00:08:41.880><c> is</c><00:08:42.120><c> the</c>

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experience what what you think is is the
 

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experience what what you think is is the
focus<00:08:43.000><c> should</c><00:08:43.240><c> the</c><00:08:43.360><c> focus</c><00:08:43.640><c> be</c><00:08:44.039><c> on</c><00:08:44.200><c> on</c><00:08:44.440><c> if</c><00:08:44.600><c> if</c>

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focus should the focus be on on if if
 

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focus should the focus be on on if if
you<00:08:44.800><c> want</c><00:08:44.880><c> to</c><00:08:45.000><c> build</c><00:08:45.200><c> something</c><00:08:45.640><c> in</c><00:08:45.839><c> in</c><00:08:45.959><c> my</c><00:08:46.080><c> own</c>

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you want to build something in in my own
 

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you want to build something in in my own
local<00:08:46.600><c> community</c><00:08:47.040><c> Pro</c><00:08:47.399><c> yeah</c><00:08:47.560><c> great</c><00:08:47.839><c> question</c>

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local community Pro yeah great question
 

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local community Pro yeah great question
so<00:08:48.880><c> uh</c><00:08:48.959><c> we</c><00:08:49.080><c> built</c><00:08:49.279><c> a</c><00:08:49.399><c> code</c><00:08:49.640><c> base</c><00:08:50.000><c> that</c><00:08:50.120><c> you</c><00:08:50.200><c> can</c>

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so uh we built a code base that you can
 

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so uh we built a code base that you can
use<00:08:50.720><c> to</c><00:08:50.880><c> do</c><00:08:51.120><c> Fiat</c><00:08:51.480><c> quadratic</c><00:08:51.959><c> funding</c><00:08:52.200><c> round</c>

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use to do Fiat quadratic funding round
 

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use to do Fiat quadratic funding round
it's<00:08:52.600><c> called</c><00:08:52.760><c> Simple</c><00:08:53.040><c> grants.</c><00:08:53.600><c> XYZ</c><00:08:54.360><c> go</c><00:08:54.480><c> to</c>

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it's called Simple grants. XYZ go to
 

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it's called Simple grants. XYZ go to
simple<00:08:54.880><c> grants.</c><00:08:55.360><c> XYZ</c><00:08:56.000><c> Fork</c><00:08:56.360><c> it</c><00:08:56.640><c> deploy</c><00:08:56.959><c> it</c><00:08:57.040><c> in</c>

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simple grants. XYZ Fork it deploy it in
 

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simple grants. XYZ Fork it deploy it in
your<00:08:57.279><c> own</c><00:08:57.600><c> local</c><00:08:58.000><c> community</c><00:08:59.000><c> um</c><00:08:59.120><c> I</c><00:08:59.200><c> should</c><00:08:59.560><c> put</c>

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your own local community um I should put
 

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your own local community um I should put
that<00:08:59.760><c> in</c><00:08:59.839><c> the</c><00:08:59.959><c> talk</c><00:09:00.240><c> actually</c><00:09:00.440><c> now</c><00:09:00.600><c> I</c><00:09:00.760><c> think</c>

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that in the talk actually now I think
 

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that in the talk actually now I think
about<00:09:01.079><c> it</c><00:09:01.720><c> um</c><00:09:02.279><c> but</c><00:09:02.399><c> yeah</c><00:09:02.560><c> the</c><00:09:02.640><c> hardest</c><00:09:02.920><c> part</c>

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about it um but yeah the hardest part
 

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about it um but yeah the hardest part
honestly<00:09:03.680><c> was</c><00:09:03.880><c> raising</c><00:09:04.279><c> the</c><00:09:04.399><c> initial</c>

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honestly was raising the initial
 

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honestly was raising the initial
25k<00:09:06.440><c> uh</c><00:09:06.760><c> quadratic</c><00:09:07.200><c> funding</c><00:09:07.680><c> campaigns</c><00:09:08.200><c> in</c>

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25k uh quadratic funding campaigns in
 

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25k uh quadratic funding campaigns in
web<00:09:08.680><c> 3</c><00:09:09.240><c> there's</c><00:09:09.640><c> a</c><00:09:09.800><c> lot</c><00:09:10.160><c> of</c><00:09:11.000><c> treasuries</c><00:09:11.640><c> that</c>

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web 3 there's a lot of treasuries that
 

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web 3 there's a lot of treasuries that
are<00:09:11.959><c> just</c><00:09:12.200><c> hundreds</c><00:09:12.519><c> of</c><00:09:12.640><c> millions</c><00:09:12.959><c> of</c><00:09:13.200><c> dollars</c>

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are just hundreds of millions of dollars
 

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are just hundreds of millions of dollars
and<00:09:13.959><c> we</c><00:09:14.120><c> draw</c><00:09:14.320><c> on</c><00:09:14.519><c> those</c><00:09:14.720><c> to</c><00:09:14.880><c> run</c><00:09:15.040><c> quadratic</c>

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and we draw on those to run quadratic
 

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and we draw on those to run quadratic
funding<00:09:15.800><c> rounds</c><00:09:16.079><c> in</c><00:09:16.279><c> qf</c><00:09:17.200><c> but</c><00:09:18.320><c> the</c><00:09:19.320><c> uh</c><00:09:19.519><c> the</c><00:09:19.959><c> the</c>

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funding rounds in qf but the uh the the
 

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funding rounds in qf but the uh the the
raising<00:09:20.680><c> of</c><00:09:21.160><c> funds</c><00:09:21.519><c> to</c><00:09:21.680><c> do</c><00:09:21.880><c> quadratic</c><00:09:22.360><c> funding</c>

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raising of funds to do quadratic funding
 

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raising of funds to do quadratic funding
locally<00:09:23.240><c> is</c><00:09:23.480><c> sort</c><00:09:23.600><c> of</c><00:09:23.760><c> hampered</c><00:09:24.360><c> by</c><00:09:25.360><c> uh</c><00:09:25.519><c> are</c>

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locally is sort of hampered by uh are
 

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locally is sort of hampered by uh are
you<00:09:25.880><c> do</c><00:09:26.000><c> you</c><00:09:26.079><c> have</c><00:09:26.320><c> access</c><00:09:26.600><c> to</c><00:09:26.760><c> wealthy</c>

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you do you have access to wealthy
 

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you do you have access to wealthy
individuals<00:09:27.600><c> who</c><00:09:27.720><c> are</c><00:09:27.839><c> willing</c><00:09:28.079><c> to</c><00:09:28.200><c> do</c><00:09:28.360><c> it</c><00:09:28.640><c> and</c>

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individuals who are willing to do it and
 

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individuals who are willing to do it and
can<00:09:29.440><c> you</c><00:09:29.560><c> crack</c><00:09:29.800><c> the</c><00:09:29.959><c> nut</c><00:09:30.279><c> of</c><00:09:30.440><c> the</c><00:09:30.560><c> local</c>

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can you crack the nut of the local
 

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can you crack the nut of the local
government<00:09:31.480><c> actually</c><00:09:32.160><c> funding</c><00:09:32.519><c> it</c><00:09:32.720><c> we</c>

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government actually funding it we
 

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government actually funding it we
actually<00:09:33.040><c> went</c><00:09:33.279><c> around</c><00:09:34.200><c> the</c><00:09:34.360><c> local</c>

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actually went around the local
 

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actually went around the local
government<00:09:34.959><c> we</c><00:09:35.079><c> didn't</c><00:09:35.279><c> even</c><00:09:35.760><c> talk</c><00:09:35.959><c> to</c><00:09:36.120><c> the</c>

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government we didn't even talk to the
 

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government we didn't even talk to the
local<00:09:36.560><c> government</c><00:09:37.360><c> government</c><00:09:38.040><c> because</c>

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local government government because
 

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local government government because
their<00:09:38.959><c> funding</c><00:09:39.360><c> Cycles</c><00:09:39.720><c> are</c><00:09:39.959><c> just</c><00:09:40.920><c> quarters</c>

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their funding Cycles are just quarters
 

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their funding Cycles are just quarters
and<00:09:41.560><c> quarters</c><00:09:42.040><c> long</c><00:09:42.760><c> so</c><00:09:43.000><c> to</c><00:09:43.160><c> answer</c><00:09:43.399><c> your</c>

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and quarters long so to answer your
 

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and quarters long so to answer your
question<00:09:43.959><c> I</c><00:09:44.079><c> think</c><00:09:44.200><c> that</c><00:09:44.320><c> raising</c><00:09:44.680><c> the</c>

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question I think that raising the
 

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question I think that raising the
initial<00:09:45.160><c> amount</c><00:09:45.480><c> of</c><00:09:45.640><c> funding</c><00:09:46.360><c> is</c><00:09:46.600><c> the</c><00:09:46.760><c> hardest</c>

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initial amount of funding is the hardest
 

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initial amount of funding is the hardest
thing<00:09:47.640><c> that</c><00:09:47.800><c> you'll</c><00:09:48.000><c> do</c><00:09:48.240><c> if</c><00:09:48.360><c> you're</c><00:09:48.920><c> if</c><00:09:49.000><c> you're</c>

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thing that you'll do if you're if you're
 

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thing that you'll do if you're if you're
going<00:09:49.200><c> to</c><00:09:49.320><c> run</c><00:09:49.519><c> these</c><00:09:49.720><c> campaigns</c><00:09:50.200><c> and</c>

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going to run these campaigns and
 

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going to run these campaigns and
hopefully<00:09:50.760><c> we</c><00:09:50.880><c> can</c><00:09:51.000><c> make</c><00:09:51.160><c> the</c><00:09:51.320><c> tech</c><00:09:51.600><c> a</c><00:09:51.680><c> little</c>

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hopefully we can make the tech a little
 

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hopefully we can make the tech a little
bit<00:09:51.959><c> easier</c><00:09:52.320><c> with</c><00:09:52.440><c> simple</c><00:09:52.720><c> Grant</c><00:09:53.040><c> St</c><00:09:53.640><c> XYZ</c>

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bit easier with simple Grant St XYZ
 

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bit easier with simple Grant St XYZ
thank<00:09:54.800><c> you</c><00:09:54.880><c> for</c><00:09:55.000><c> the</c><00:09:55.600><c> question</c><00:09:56.600><c> thank</c><00:09:56.959><c> you</c><00:09:57.519><c> and</c>

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thank you for the question thank you and
 

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thank you for the question thank you and
that's<00:09:58.399><c> it</c><00:09:58.600><c> for</c><00:09:58.839><c> the</c><00:09:59.399><c> at</c><00:09:59.560><c> the</c><00:09:59.720><c> time</c><00:10:00.440><c> okay</c>