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 --> 00:00:09.110 align:start position:0% [Music] 00:00:09.110 --> 00:00:09.120 align:start position:0% [Music] 00:00:09.120 --> 00:00:10.749 align:start position:0% [Music] afternoon<00:00:09.559> everyone<00:00:10.120> thank<00:00:10.280> you<00:00:10.440> very<00:00:10.639> much 00:00:10.749 --> 00:00:10.759 align:start position:0% afternoon everyone thank you very much 00:00:10.759 --> 00:00:12.990 align:start position:0% afternoon everyone thank you very much for<00:00:11.000> coming<00:00:11.599> I<00:00:11.679> know<00:00:11.880> you<00:00:12.040> have<00:00:12.320> plenty<00:00:12.639> of 00:00:12.990 --> 00:00:13.000 align:start position:0% for coming I know you have plenty of 00:00:13.000 --> 00:00:17.070 align:start position:0% for coming I know you have plenty of options<00:00:14.000> and<00:00:14.799> you<00:00:15.000> are<00:00:16.000> very<00:00:16.400> appreciated<00:00:16.920> for 00:00:17.070 --> 00:00:17.080 align:start position:0% options and you are very appreciated for 00:00:17.080 --> 00:00:18.750 align:start position:0% options and you are very appreciated for being<00:00:17.439> here<00:00:17.720> and<00:00:17.880> for<00:00:18.080> listening<00:00:18.439> what<00:00:18.560> I'm 00:00:18.750 --> 00:00:18.760 align:start position:0% being here and for listening what I'm 00:00:18.760 --> 00:00:22.710 align:start position:0% being here and for listening what I'm going<00:00:18.840> to<00:00:19.039> present<00:00:19.960> this<00:00:20.080> is<00:00:20.439> my<00:00:21.359> sixth<00:00:21.920> Devcon 00:00:22.710 --> 00:00:22.720 align:start position:0% going to present this is my sixth Devcon 00:00:22.720 --> 00:00:25.070 align:start position:0% going to present this is my sixth Devcon I<00:00:22.800> think<00:00:23.039> I<00:00:23.160> didn't<00:00:23.400> miss<00:00:23.599> anyone<00:00:23.880> in<00:00:24.119> SE<00:00:24.920> and 00:00:25.070 --> 00:00:25.080 align:start position:0% I think I didn't miss anyone in SE and 00:00:25.080 --> 00:00:27.990 align:start position:0% I think I didn't miss anyone in SE and it's<00:00:25.240> the<00:00:25.439> first<00:00:25.680> time<00:00:25.920> I<00:00:26.199> speak<00:00:26.560> so<00:00:27.560> it<00:00:27.679> feels 00:00:27.990 --> 00:00:28.000 align:start position:0% it's the first time I speak so it feels 00:00:28.000 --> 00:00:30.910 align:start position:0% it's the first time I speak so it feels pretty<00:00:28.359> great<00:00:29.359> um<00:00:29.679> the<00:00:30.039> content<00:00:30.560> I<00:00:30.720> have 00:00:30.910 --> 00:00:30.920 align:start position:0% pretty great um the content I have 00:00:30.920 --> 00:00:32.870 align:start position:0% pretty great um the content I have prepared<00:00:31.320> I<00:00:31.439> prepared<00:00:31.840> very<00:00:32.000> carefully<00:00:32.640> so 00:00:32.870 --> 00:00:32.880 align:start position:0% prepared I prepared very carefully so 00:00:32.880 --> 00:00:35.470 align:start position:0% prepared I prepared very carefully so let's<00:00:33.079> get<00:00:33.239> into 00:00:35.470 --> 00:00:35.480 align:start position:0% let's get into 00:00:35.480 --> 00:00:40.549 align:start position:0% let's get into it<00:00:36.640> um<00:00:37.640> when<00:00:37.800> I<00:00:37.960> was<00:00:38.640> thinking<00:00:39.640> what's<00:00:39.960> the 00:00:40.549 --> 00:00:40.559 align:start position:0% it um when I was thinking what's the 00:00:40.559 --> 00:00:42.950 align:start position:0% it um when I was thinking what's the best<00:00:40.879> content<00:00:41.280> I<00:00:41.399> can<00:00:41.520> bring<00:00:41.719> to<00:00:41.920> Devcon<00:00:42.840> I 00:00:42.950 --> 00:00:42.960 align:start position:0% best content I can bring to Devcon I 00:00:42.960 --> 00:00:45.190 align:start position:0% best content I can bring to Devcon I thought<00:00:43.239> well<00:00:43.800> my<00:00:44.000> work<00:00:44.200> at<00:00:44.440> poop<00:00:44.840> for<00:00:45.039> the 00:00:45.190 --> 00:00:45.200 align:start position:0% thought well my work at poop for the 00:00:45.200 --> 00:00:47.709 align:start position:0% thought well my work at poop for the past<00:00:45.440> five<00:00:45.680> years<00:00:46.640> has<00:00:46.800> been<00:00:47.000> pretty<00:00:47.280> intense 00:00:47.709 --> 00:00:47.719 align:start position:0% past five years has been pretty intense 00:00:47.719 --> 00:00:50.350 align:start position:0% past five years has been pretty intense and<00:00:47.960> has<00:00:48.239> exposed<00:00:48.800> me<00:00:49.520> to<00:00:49.879> lots<00:00:50.120> of 00:00:50.350 --> 00:00:50.360 align:start position:0% and has exposed me to lots of 00:00:50.360 --> 00:00:53.069 align:start position:0% and has exposed me to lots of experiences<00:00:51.199> that<00:00:51.920> unless<00:00:52.280> you<00:00:52.480> live<00:00:52.800> through 00:00:53.069 --> 00:00:53.079 align:start position:0% experiences that unless you live through 00:00:53.079 --> 00:00:55.349 align:start position:0% experiences that unless you live through them<00:00:54.000> it's<00:00:54.160> somewhat<00:00:54.480> impossible<00:00:54.920> to<00:00:55.079> learn 00:00:55.349 --> 00:00:55.359 align:start position:0% them it's somewhat impossible to learn 00:00:55.359 --> 00:00:58.189 align:start position:0% them it's somewhat impossible to learn of<00:00:55.559> it's<00:00:55.840> like<00:00:56.039> in<00:00:56.320> in<00:00:56.680> startups<00:00:57.480> you<00:00:57.680> learn<00:00:58.000> my 00:00:58.189 --> 00:00:58.199 align:start position:0% of it's like in in startups you learn my 00:00:58.199 --> 00:01:00.189 align:start position:0% of it's like in in startups you learn my doing<00:00:58.800> so<00:00:59.039> I<00:00:59.160> was<00:00:59.320> like<00:00:59.559> Yeah<00:00:59.719> I'm<00:00:59.960> I'm<00:01:00.079> going 00:01:00.189 --> 00:01:00.199 align:start position:0% doing so I was like Yeah I'm I'm going 00:01:00.199 --> 00:01:02.349 align:start position:0% doing so I was like Yeah I'm I'm going to<00:01:00.440> I'm<00:01:00.559> going<00:01:00.680> to<00:01:00.760> share<00:01:01.120> what<00:01:01.239> I've<00:01:01.440> done<00:01:02.039> so 00:01:02.349 --> 00:01:02.359 align:start position:0% to I'm going to share what I've done so 00:01:02.359 --> 00:01:05.149 align:start position:0% to I'm going to share what I've done so these<00:01:02.480> are<00:01:02.920> some<00:01:03.160> little<00:01:03.399> ballot 00:01:05.149 --> 00:01:05.159 align:start position:0% these are some little ballot 00:01:05.159 --> 00:01:09.230 align:start position:0% these are some little ballot points<00:01:06.159> um<00:01:07.119> one<00:01:07.240> of<00:01:07.400> my<00:01:07.600> personality<00:01:08.240> traits 00:01:09.230 --> 00:01:09.240 align:start position:0% points um one of my personality traits 00:01:09.240 --> 00:01:12.030 align:start position:0% points um one of my personality traits is<00:01:09.360> that<00:01:09.600> I'm<00:01:10.520> um<00:01:10.799> extremely<00:01:11.280> UPF<00:01:11.479> front<00:01:11.799> about 00:01:12.030 --> 00:01:12.040 align:start position:0% is that I'm um extremely UPF front about 00:01:12.040 --> 00:01:14.109 align:start position:0% is that I'm um extremely UPF front about how<00:01:12.200> I<00:01:12.320> think<00:01:13.000> so<00:01:13.200> this<00:01:13.320> is<00:01:13.479> why<00:01:13.640> the<00:01:13.759> first 00:01:14.109 --> 00:01:14.119 align:start position:0% how I think so this is why the first 00:01:14.119 --> 00:01:17.749 align:start position:0% how I think so this is why the first type<00:01:14.759> item<00:01:15.280> is<00:01:15.960> offering<00:01:16.280> a<00:01:16.520> filter<00:01:17.040> firstand 00:01:17.749 --> 00:01:17.759 align:start position:0% type item is offering a filter firstand 00:01:17.759 --> 00:01:20.510 align:start position:0% type item is offering a filter firstand information<00:01:18.759> of<00:01:19.000> how<00:01:19.119> to<00:01:19.280> fils<00:01:19.680> when<00:01:19.840> a<00:01:19.920> web 00:01:20.510 --> 00:01:20.520 align:start position:0% information of how to fils when a web 00:01:20.520 --> 00:01:24.230 align:start position:0% information of how to fils when a web startup<00:01:21.520> um<00:01:22.200> especially<00:01:22.840> the<00:01:23.000> painful<00:01:23.560> Parts 00:01:24.230 --> 00:01:24.240 align:start position:0% startup um especially the painful Parts 00:01:24.240 --> 00:01:26.990 align:start position:0% startup um especially the painful Parts um<00:01:24.520> I'm<00:01:24.640> not<00:01:24.880> here<00:01:25.079> to<00:01:25.280> sell<00:01:25.680> you<00:01:26.400> yeah<00:01:26.560> I<00:01:26.680> run<00:01:26.840> a 00:01:26.990 --> 00:01:27.000 align:start position:0% um I'm not here to sell you yeah I run a 00:01:27.000 --> 00:01:28.550 align:start position:0% um I'm not here to sell you yeah I run a startup<00:01:27.400> and<00:01:27.560> things<00:01:27.759> are<00:01:27.920> going<00:01:28.000> to<00:01:28.159> be<00:01:28.320> fine 00:01:28.550 --> 00:01:28.560 align:start position:0% startup and things are going to be fine 00:01:28.560 --> 00:01:30.550 align:start position:0% startup and things are going to be fine more<00:01:28.759> like<00:01:28.960> the<00:01:29.159> opposite 00:01:30.550 --> 00:01:30.560 align:start position:0% more like the opposite 00:01:30.560 --> 00:01:34.230 align:start position:0% more like the opposite then<00:01:31.560> um<00:01:31.920> as<00:01:32.119> part<00:01:32.280> of<00:01:32.399> our<00:01:32.840> experience<00:01:33.840> um<00:01:34.159> I 00:01:34.230 --> 00:01:34.240 align:start position:0% then um as part of our experience um I 00:01:34.240 --> 00:01:38.109 align:start position:0% then um as part of our experience um I want<00:01:34.399> to<00:01:34.720> make<00:01:35.640> clear<00:01:36.640> what's<00:01:37.040> different<00:01:38.000> on 00:01:38.109 --> 00:01:38.119 align:start position:0% want to make clear what's different on 00:01:38.119 --> 00:01:40.350 align:start position:0% want to make clear what's different on the<00:01:38.280> web3<00:01:38.680> ecosystem<00:01:39.360> that<00:01:39.479> the<00:01:39.600> two<00:01:40.119> than<00:01:40.240> the 00:01:40.350 --> 00:01:40.360 align:start position:0% the web3 ecosystem that the two than the 00:01:40.360 --> 00:01:43.069 align:start position:0% the web3 ecosystem that the two than the web<00:01:40.560> two<00:01:41.079> ecosystems<00:01:42.079> running<00:01:42.439> a<00:01:42.560> startup<00:01:42.960> is 00:01:43.069 --> 00:01:43.079 align:start position:0% web two ecosystems running a startup is 00:01:43.079 --> 00:01:45.429 align:start position:0% web two ecosystems running a startup is extremely<00:01:43.479> painful<00:01:43.799> in<00:01:43.960> all<00:01:44.240> ecosystems<00:01:45.240> but 00:01:45.429 --> 00:01:45.439 align:start position:0% extremely painful in all ecosystems but 00:01:45.439 --> 00:01:48.149 align:start position:0% extremely painful in all ecosystems but web<00:01:45.640> 3<00:01:46.040> has<00:01:46.439> several<00:01:46.960> specific<00:01:47.360> types<00:01:47.600> of<00:01:47.799> pain 00:01:48.149 --> 00:01:48.159 align:start position:0% web 3 has several specific types of pain 00:01:48.159 --> 00:01:50.550 align:start position:0% web 3 has several specific types of pain so<00:01:48.360> I<00:01:48.439> want<00:01:48.560> to<00:01:48.719> cover<00:01:49.000> some<00:01:49.200> of<00:01:49.360> them 00:01:50.550 --> 00:01:50.560 align:start position:0% so I want to cover some of them 00:01:50.560 --> 00:01:53.030 align:start position:0% so I want to cover some of them and<00:01:51.560> after<00:01:51.920> all 00:01:53.030 --> 00:01:53.040 align:start position:0% and after all 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only<00:02:04.320> it<00:02:04.479> is 00:02:04.709 --> 00:02:04.719 align:start position:0% certain uh type of people not only it is 00:02:04.719 --> 00:02:07.310 align:start position:0% certain uh type of people not only it is worth<00:02:05.119> trying<00:02:06.119> it<00:02:06.280> is<00:02:06.520> what<00:02:06.759> makes<00:02:07.039> sense 00:02:07.310 --> 00:02:07.320 align:start position:0% worth trying it is what makes sense 00:02:07.320 --> 00:02:11.190 align:start position:0% worth trying it is what makes sense doing<00:02:08.080> so<00:02:08.959> we<00:02:09.160> you<00:02:09.239> will<00:02:09.440> see 00:02:11.190 --> 00:02:11.200 align:start position:0% doing so we you will see 00:02:11.200 --> 00:02:14.790 align:start position:0% doing so we you will see why<00:02:12.200> um<00:02:12.360> a<00:02:12.480> quick<00:02:12.720> intro<00:02:13.080> about<00:02:13.360> me<00:02:13.800> although<00:02:14.680> I 00:02:14.790 --> 00:02:14.800 align:start position:0% why um a quick intro about me although I 00:02:14.800 --> 00:02:15.670 align:start position:0% why um a quick intro about me although I am 00:02:15.670 --> 00:02:15.680 align:start position:0% am 00:02:15.680 --> 00:02:18.949 align:start position:0% am seeing<00:02:16.680> most<00:02:16.920> of<00:02:17.239> those<00:02:17.480> that<00:02:17.680> I'm<00:02:17.840> seeing<00:02:18.800> I 00:02:18.949 --> 00:02:18.959 align:start position:0% seeing most of those that I'm seeing I 00:02:18.959 --> 00:02:21.270 align:start position:0% seeing most of those that I'm seeing I know<00:02:19.239> you<00:02:19.599> and<00:02:19.720> you<00:02:19.879> know<00:02:20.120> me<00:02:20.560> but<00:02:20.680> you<00:02:20.840> may<00:02:21.120> get 00:02:21.270 --> 00:02:21.280 align:start position:0% know you and you know me but you may get 00:02:21.280 --> 00:02:24.110 align:start position:0% know you and you know me but you may get some<00:02:21.519> tidbits<00:02:22.160> that<00:02:22.280> you<00:02:22.360> didn't<00:02:22.599> know<00:02:23.480> um<00:02:24.040> I 00:02:24.110 --> 00:02:24.120 align:start position:0% some tidbits that you didn't know um I 00:02:24.120 --> 00:02:28.430 align:start position:0% some tidbits that you didn't know um I am<00:02:24.800> 37<00:02:25.800> I<00:02:26.560> live<00:02:26.879> most<00:02:27.080> of<00:02:27.239> my<00:02:27.400> life<00:02:27.599> in<00:02:27.720> Buenos 00:02:28.430 --> 00:02:28.440 align:start position:0% am 37 I live most of my life in Buenos 00:02:28.440 --> 00:02:32.509 align:start position:0% am 37 I live most of my life in Buenos ciris<00:02:29.440> being<00:02:30.080> in<00:02:30.280> Buenos<00:02:31.280> has<00:02:31.840> shaped<00:02:32.319> my 00:02:32.509 --> 00:02:32.519 align:start position:0% ciris being in Buenos has shaped my 00:02:32.519 --> 00:02:34.910 align:start position:0% ciris being in Buenos has shaped my personality<00:02:33.200> pretty<00:02:33.680> specifically<00:02:34.440> so<00:02:34.680> so 00:02:34.910 --> 00:02:34.920 align:start position:0% personality pretty specifically so so 00:02:34.920 --> 00:02:37.309 align:start position:0% personality pretty specifically so so it's<00:02:35.080> a<00:02:35.360> major<00:02:35.840> piece<00:02:36.000> of<00:02:36.319> information 00:02:37.309 --> 00:02:37.319 align:start position:0% it's a major piece of information 00:02:37.319 --> 00:02:40.430 align:start position:0% it's a major piece of information Argentina<00:02:38.080> has<00:02:38.280> a<00:02:38.599> very<00:02:39.280> deep<00:02:39.720> crypto 00:02:40.430 --> 00:02:40.440 align:start position:0% Argentina has a very deep crypto 00:02:40.440 --> 00:02:42.750 align:start position:0% Argentina has a very deep crypto tradition<00:02:41.440> and<00:02:41.760> that<00:02:42.000> has<00:02:42.200> given<00:02:42.440> me<00:02:42.599> a 00:02:42.750 --> 00:02:42.760 align:start position:0% tradition and that has given me a 00:02:42.760 --> 00:02:46.070 align:start position:0% tradition and that has given me a privilege<00:02:43.480> view<00:02:44.480> specifically<00:02:45.040> for<00:02:45.879> what 00:02:46.070 --> 00:02:46.080 align:start position:0% privilege view specifically for what 00:02:46.080 --> 00:02:48.630 align:start position:0% privilege view specifically for what crypto<00:02:46.480> is<00:02:46.640> useful<00:02:47.040> for<00:02:47.800> what's<00:02:48.040> not<00:02:48.280> useful 00:02:48.630 --> 00:02:48.640 align:start position:0% crypto is useful for what's not useful 00:02:48.640 --> 00:02:52.149 align:start position:0% crypto is useful for what's not useful for<00:02:49.480> um<00:02:50.000> so<00:02:50.280> so<00:02:50.560> that's<00:02:50.840> that's<00:02:51.000> a<00:02:51.280> key<00:02:51.560> part<00:02:51.879> of 00:02:52.149 --> 00:02:52.159 align:start position:0% for um so so that's that's a key part of 00:02:52.159 --> 00:02:55.190 align:start position:0% for um so so that's that's a key part of how<00:02:52.360> I<00:02:52.480> got<00:02:52.680> to<00:02:52.840> work<00:02:53.080> with<00:02:53.480> where<00:02:53.599> I<00:02:53.720> am<00:02:54.680> um<00:02:55.000> up 00:02:55.190 --> 00:02:55.200 align:start position:0% how I got to work with where I am um up 00:02:55.200 --> 00:02:58.430 align:start position:0% how I got to work with where I am um up until<00:02:55.760> 2015<00:02:56.760> um<00:02:57.000> I<00:02:57.159> had<00:02:57.319> a<00:02:57.560> pretty<00:02:57.920> average 00:02:58.430 --> 00:02:58.440 align:start position:0% until 2015 um I had a pretty average 00:02:58.440 --> 00:03:01.229 align:start position:0% until 2015 um I had a pretty average Shob<00:02:58.959> as<00:02:59.080> a<00:02:59.400> computer<00:02:59.920> repair<00:03:00.319> person<00:03:00.840> I<00:03:00.959> was<00:03:01.080> a 00:03:01.229 --> 00:03:01.239 align:start position:0% Shob as a computer repair person I was a 00:03:01.239 --> 00:03:04.350 align:start position:0% Shob as a computer repair person I was a computer<00:03:01.959> technician<00:03:02.959> um<00:03:03.080> in 00:03:04.350 --> 00:03:04.360 align:start position:0% computer technician um in 00:03:04.360 --> 00:03:08.589 align:start position:0% computer technician um in 2015<00:03:05.360> um<00:03:06.080> I<00:03:06.239> was<00:03:06.599> pretty<00:03:07.560> fed<00:03:08.000> up<00:03:08.239> with<00:03:08.400> my 00:03:08.589 --> 00:03:08.599 align:start position:0% 2015 um I was pretty fed up with my 00:03:08.599 --> 00:03:11.110 align:start position:0% 2015 um I was pretty fed up with my lifestyle<00:03:09.440> I<00:03:09.560> wasn't<00:03:09.959> happy<00:03:10.319> how<00:03:10.480> I<00:03:10.599> was<00:03:10.760> doing 00:03:11.110 --> 00:03:11.120 align:start position:0% lifestyle I wasn't happy how I was doing 00:03:11.120 --> 00:03:13.910 align:start position:0% lifestyle I wasn't happy how I was doing so<00:03:11.400> I<00:03:11.480> was<00:03:11.640> seeking<00:03:11.920> for<00:03:12.080> a<00:03:12.319> change<00:03:13.319> um<00:03:13.599> I<00:03:13.720> was 00:03:13.910 --> 00:03:13.920 align:start position:0% so I was seeking for a change um I was 00:03:13.920 --> 00:03:16.869 align:start position:0% so I was seeking for a change um I was already<00:03:14.799> somewhat<00:03:15.200> into<00:03:15.519> Bitcoin<00:03:16.480> and<00:03:16.599> I<00:03:16.720> was 00:03:16.869 --> 00:03:16.879 align:start position:0% already somewhat into Bitcoin and I was 00:03:16.879 --> 00:03:19.030 align:start position:0% already somewhat into Bitcoin and I was like<00:03:17.200> yeah<00:03:17.760> I'm<00:03:17.879> going<00:03:18.000> to<00:03:18.159> go<00:03:18.319> fulltime<00:03:18.799> on 00:03:19.030 --> 00:03:19.040 align:start position:0% like yeah I'm going to go fulltime on 00:03:19.040 --> 00:03:21.190 align:start position:0% like yeah I'm going to go fulltime on this<00:03:19.440> so<00:03:19.680> I<00:03:19.799> went<00:03:20.000> full-time<00:03:20.360> into<00:03:20.599> ethereum 00:03:21.190 --> 00:03:21.200 align:start position:0% this so I went full-time into ethereum 00:03:21.200 --> 00:03:23.309 align:start position:0% this so I went full-time into ethereum ethereum<00:03:21.640> was<00:03:21.760> an<00:03:21.920> emerging<00:03:22.400> technology<00:03:23.200> that 00:03:23.309 --> 00:03:23.319 align:start position:0% ethereum was an emerging technology that 00:03:23.319 --> 00:03:25.190 align:start position:0% ethereum was an emerging technology that it<00:03:23.440> was<00:03:23.640> really<00:03:23.920> hard<00:03:24.120> to<00:03:24.599> understand<00:03:24.959> way 00:03:25.190 --> 00:03:25.200 align:start position:0% it was really hard to understand way 00:03:25.200 --> 00:03:28.229 align:start position:0% it was really hard to understand way harder<00:03:25.560> than<00:03:25.720> it<00:03:25.840> is<00:03:26.200> today<00:03:27.200> and<00:03:27.560> I<00:03:27.760> spent<00:03:28.120> the 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align:start position:0% it was a pretty steep learning c um I'm 00:03:38.480 --> 00:03:40.030 align:start position:0% it was a pretty steep learning c um I'm a<00:03:38.599> high<00:03:38.799> school<00:03:39.000> dropout<00:03:39.480> so<00:03:39.680> I'm<00:03:39.799> not<00:03:39.920> a 00:03:40.030 --> 00:03:40.040 align:start position:0% a high school dropout so I'm not a 00:03:40.040 --> 00:03:41.949 align:start position:0% a high school dropout so I'm not a computer<00:03:40.400> technician<00:03:41.000> or<00:03:41.239> any<00:03:41.439> of<00:03:41.680> those 00:03:41.949 --> 00:03:41.959 align:start position:0% computer technician or any of those 00:03:41.959 --> 00:03:42.910 align:start position:0% computer technician or any of those super 00:03:42.910 --> 00:03:42.920 align:start position:0% super 00:03:42.920 --> 00:03:47.830 align:start position:0% super fancy<00:03:43.920> um<00:03:44.360> educated<00:03:45.360> uh<00:03:45.840> ethereum<00:03:46.439> people<00:03:47.439> and 00:03:47.830 --> 00:03:47.840 align:start position:0% fancy um educated uh ethereum people and 00:03:47.840 --> 00:03:48.990 align:start position:0% fancy um educated uh ethereum people and by 00:03:48.990 --> 00:03:49.000 align:start position:0% by 00:03:49.000 --> 00:03:52.869 align:start position:0% by 2018<00:03:50.000> um<00:03:50.319> not<00:03:50.519> only<00:03:50.959> I<00:03:51.280> have<00:03:51.879> achieved 00:03:52.869 --> 00:03:52.879 align:start position:0% 2018 um not only I have achieved 00:03:52.879 --> 00:03:54.190 align:start position:0% 2018 um not only I have achieved diminishing 00:03:54.190 --> 00:03:54.200 align:start position:0% diminishing 00:03:54.200 --> 00:03:59.470 align:start position:0% diminishing returns<00:03:55.680> in<00:03:56.879> um<00:03:57.879> what<00:03:58.079> I<00:03:58.239> could<00:03:58.439> learn<00:03:59.319> but 00:03:59.470 --> 00:03:59.480 align:start position:0% returns in um what I could learn but 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in<00:04:10.200> a<00:04:10.720> very<00:04:10.959> ugly<00:04:11.360> bottom<00:04:12.000> um 00:04:12.190 --> 00:04:12.200 align:start position:0% ethereum was in a very ugly bottom um 00:04:12.200 --> 00:04:14.550 align:start position:0% ethereum was in a very ugly bottom um prices<00:04:12.480> were<00:04:12.680> coming<00:04:13.079> down<00:04:13.799> DBS<00:04:14.200> weren't 00:04:14.550 --> 00:04:14.560 align:start position:0% prices were coming down DBS weren't 00:04:14.560 --> 00:04:17.469 align:start position:0% prices were coming down DBS weren't working<00:04:15.560> the<00:04:15.840> road<00:04:16.160> map<00:04:16.560> wasn't<00:04:16.959> coming 00:04:17.469 --> 00:04:17.479 align:start position:0% working the road map wasn't coming 00:04:17.479 --> 00:04:21.469 align:start position:0% working the road map wasn't coming together<00:04:18.639> so<00:04:19.639> that<00:04:19.840> takes<00:04:20.120> us<00:04:20.440> to<00:04:20.759> our<00:04:21.120> next 00:04:21.469 --> 00:04:21.479 align:start position:0% together so that takes us to our next 00:04:21.479 --> 00:04:23.670 align:start position:0% together so that takes us to our next slide<00:04:22.120> on<00:04:22.320> which<00:04:22.479> I<00:04:22.600> plan<00:04:22.759> on<00:04:22.960> explaining 00:04:23.670 --> 00:04:23.680 align:start position:0% slide on which I plan on explaining 00:04:23.680 --> 00:04:31.870 align:start position:0% slide on which I plan on explaining quickly<00:04:24.680> why<00:04:25.680> in<00:04:26.040> 2018<00:04:27.040> I<00:04:27.520> I<00:04:27.639> studed<00:04:28.040> ethereum 00:04:31.870 --> 00:04:31.880 align:start position:0% 00:04:31.880 --> 00:04:35.350 align:start position:0% um<00:04:32.160> in<00:04:32.320> 2018<00:04:33.039> I<00:04:33.440> gathered<00:04:33.759> a<00:04:33.880> couple<00:04:34.360> friends 00:04:35.350 --> 00:04:35.360 align:start position:0% um in 2018 I gathered a couple friends 00:04:35.360 --> 00:04:38.310 align:start position:0% um in 2018 I gathered a couple friends and<00:04:35.560> I<00:04:35.840> convinced<00:04:36.479> them<00:04:37.360> on<00:04:37.759> building<00:04:38.120> an 00:04:38.310 --> 00:04:38.320 align:start position:0% and I convinced them on building an 00:04:38.320 --> 00:04:41.350 align:start position:0% and I convinced them on building an application<00:04:38.759> on<00:04:39.360> ethereum<00:04:40.360> that<00:04:40.600> can<00:04:40.960> do 00:04:41.350 --> 00:04:41.360 align:start position:0% application on ethereum that can do 00:04:41.360 --> 00:04:43.150 align:start position:0% application on ethereum that can do something<00:04:42.120> that<00:04:42.240> you<00:04:42.360> couldn't<00:04:42.639> do<00:04:42.800> with<00:04:42.960> any 00:04:43.150 --> 00:04:43.160 align:start position:0% something that you couldn't do with any 00:04:43.160 --> 00:04:46.590 align:start position:0% something that you couldn't do with any other<00:04:43.440> technology<00:04:44.320> that<00:04:44.479> was<00:04:44.759> for<00:04:45.080> me<00:04:46.080> a<00:04:46.320> way 00:04:46.590 --> 00:04:46.600 align:start position:0% other technology that was for me a way 00:04:46.600 --> 00:04:49.870 align:start position:0% other technology that was for me a way to<00:04:46.960> show<00:04:47.880> that<00:04:48.080> ethereum<00:04:48.639> wasn't<00:04:49.120> just<00:04:49.600> the 00:04:49.870 --> 00:04:49.880 align:start position:0% to show that ethereum wasn't just the 00:04:49.880 --> 00:04:52.110 align:start position:0% to show that ethereum wasn't just the technology<00:04:50.479> for<00:04:51.039> speculating<00:04:51.840> with 00:04:52.110 --> 00:04:52.120 align:start position:0% technology for speculating with 00:04:52.120 --> 00:04:55.029 align:start position:0% technology for speculating with financial<00:04:52.759> assets<00:04:53.240> or<00:04:53.479> for<00:04:53.880> gambling<00:04:54.520> or<00:04:54.680> for 00:04:55.029 --> 00:04:55.039 align:start position:0% financial assets or for gambling or for 00:04:55.039 --> 00:04:57.469 align:start position:0% financial assets or for gambling or for criminal<00:04:55.759> activities<00:04:56.759> there<00:04:56.960> could<00:04:57.160> be 00:04:57.469 --> 00:04:57.479 align:start position:0% criminal activities there could be 00:04:57.479 --> 00:04:58.870 align:start position:0% criminal activities there could be things<00:04:57.919> that<00:04:58.080> you<00:04:58.240> could<00:04:58.400> build<00:04:58.720> with 00:04:58.870 --> 00:04:58.880 align:start position:0% things that you could build with 00:04:58.880 --> 00:05:02.550 align:start position:0% things that you could build with programmable<00:04:59.360> block<00:05:00.120> chains<00:05:01.120> that<00:05:02.039> really 00:05:02.550 --> 00:05:02.560 align:start position:0% programmable block chains that really 00:05:02.560 --> 00:05:05.189 align:start position:0% programmable block chains that really solve<00:05:03.080> problems<00:05:03.440> that<00:05:03.639> people<00:05:04.080> have<00:05:04.880> better 00:05:05.189 --> 00:05:05.199 align:start position:0% solve problems that people have better 00:05:05.199 --> 00:05:08.390 align:start position:0% solve problems that people have better than<00:05:05.360> any<00:05:05.560> other<00:05:06.320> technology<00:05:07.320> and<00:05:08.160> one 00:05:08.390 --> 00:05:08.400 align:start position:0% than any other technology and one 00:05:08.400 --> 00:05:10.950 align:start position:0% than any other technology and one obvious<00:05:08.880> problem<00:05:09.600> back<00:05:09.919> then<00:05:10.360> and<00:05:10.680> still 00:05:10.950 --> 00:05:10.960 align:start position:0% obvious problem back then and still 00:05:10.960 --> 00:05:14.390 align:start position:0% obvious problem back then and still today<00:05:11.759> is<00:05:11.919> that<00:05:12.160> these<00:05:12.440> days<00:05:13.199> in<00:05:13.360> our<00:05:13.680> digital 00:05:14.390 --> 00:05:14.400 align:start position:0% today is that these days in our digital 00:05:14.400 --> 00:05:17.749 align:start position:0% today is that these days in our digital lifestyle<00:05:15.400> we<00:05:15.680> don't<00:05:15.919> know<00:05:16.440> nothing<00:05:17.440> um<00:05:17.600> all 00:05:17.749 --> 00:05:17.759 align:start position:0% lifestyle we don't know nothing um all 00:05:17.759 --> 00:05:19.870 align:start position:0% lifestyle we don't know nothing um all the<00:05:17.960> information<00:05:18.720> in<00:05:18.880> your<00:05:19.199> iPhones<00:05:19.639> or 00:05:19.870 --> 00:05:19.880 align:start position:0% the information in your iPhones or 00:05:19.880 --> 00:05:22.469 align:start position:0% the information in your iPhones or Android<00:05:20.280> devices<00:05:21.000> and<00:05:21.199> in<00:05:21.360> many<00:05:21.680> computers 00:05:22.469 --> 00:05:22.479 align:start position:0% Android devices and in many computers 00:05:22.479 --> 00:05:24.710 align:start position:0% Android devices and in many computers it's<00:05:22.720> stored<00:05:23.039> on<00:05:23.160> the<00:05:23.280> cloud<00:05:24.240> and<00:05:24.400> you're 00:05:24.710 --> 00:05:24.720 align:start position:0% it's stored on the cloud and you're 00:05:24.720 --> 00:05:26.830 align:start position:0% it's stored on the cloud and you're subject<00:05:25.080> to<00:05:25.280> certain<00:05:25.680> policies<00:05:26.360> and<00:05:26.639> you 00:05:26.830 --> 00:05:26.840 align:start position:0% subject to certain policies and you 00:05:26.840 --> 00:05:28.749 align:start position:0% subject to certain policies and you don't<00:05:27.120> have<00:05:27.319> ownership<00:05:27.840> of<00:05:27.960> that<00:05:28.199> information 00:05:28.749 --> 00:05:28.759 align:start position:0% don't have ownership of that information 00:05:28.759 --> 00:05:30.350 align:start position:0% don't have ownership of that information and<00:05:28.880> it's<00:05:29.120> very<00:05:29.319> common 00:05:30.350 --> 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down or they will 00:05:38.000 --> 00:05:40.029 align:start position:0% they will shut it down or they will change<00:05:38.199> the<00:05:38.400> terms<00:05:38.720> or<00:05:39.400> or<00:05:39.520> they<00:05:39.639> will<00:05:39.840> start 00:05:40.029 --> 00:05:40.039 align:start position:0% change the terms or or they will start 00:05:40.039 --> 00:05:43.670 align:start position:0% change the terms or or they will start churching<00:05:40.520> you<00:05:41.560> and<00:05:42.560> one<00:05:42.919> platform<00:05:43.479> that's 00:05:43.670 --> 00:05:43.680 align:start position:0% churching you and one platform that's 00:05:43.680 --> 00:05:46.189 align:start position:0% churching you and one platform that's been<00:05:43.919> subject<00:05:44.319> to<00:05:44.479> these<00:05:44.680> issues<00:05:45.479> was<00:05:45.759> for 00:05:46.189 --> 00:05:46.199 align:start position:0% been subject to these issues was for 00:05:46.199 --> 00:05:49.550 align:start position:0% been subject to these issues was for sare<00:05:46.759> for<00:05:47.080> square<00:05:47.440> was<00:05:47.680> a<00:05:48.199> a<00:05:48.319> web<00:05:48.560> CH<00:05:49.039> app<00:05:49.440> that 00:05:49.550 --> 00:05:49.560 align:start position:0% sare for square was a a web CH app that 00:05:49.560 --> 00:05:50.990 align:start position:0% sare for square was a a web CH app that you<00:05:49.720> had<00:05:49.840> in<00:05:49.960> your<00:05:50.120> phone<00:05:50.400> and<00:05:50.600> when<00:05:50.720> you<00:05:50.840> went 00:05:50.990 --> 00:05:51.000 align:start position:0% you had in your phone and when you went 00:05:51.000 --> 00:05:53.390 align:start position:0% you had in your phone and when you went to<00:05:51.199> a<00:05:51.440> bar<00:05:51.880> or<00:05:52.080> a<00:05:52.240> restaurant<00:05:52.680> you<00:05:52.840> checked<00:05:53.199> in 00:05:53.390 --> 00:05:53.400 align:start position:0% to a bar or a restaurant you checked in 00:05:53.400 --> 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decided<00:06:01.280> to<00:06:01.400> change<00:06:01.639> Serv 00:06:01.870 --> 00:06:01.880 align:start position:0% Forks Square decided to change Serv 00:06:01.880 --> 00:06:04.309 align:start position:0% Forks Square decided to change Serv buiness<00:06:02.240> model<00:06:03.199> people<00:06:03.520> that<00:06:03.720> had<00:06:03.960> thousands 00:06:04.309 --> 00:06:04.319 align:start position:0% buiness model people that had thousands 00:06:04.319 --> 00:06:07.070 align:start position:0% buiness model people that had thousands of<00:06:04.560> Collectibles<00:06:05.360> were<00:06:05.720> left<00:06:05.919> in<00:06:06.080> the<00:06:06.240> dark<00:06:06.840> so 00:06:07.070 --> 00:06:07.080 align:start position:0% of Collectibles were left in the dark so 00:06:07.080 --> 00:06:08.710 align:start position:0% of Collectibles were left in the dark so I<00:06:07.199> was<00:06:07.440> like<00:06:07.800> why<00:06:07.919> don't<00:06:08.160> we<00:06:08.280> build<00:06:08.560> an 00:06:08.710 --> 00:06:08.720 align:start position:0% I was like why don't we build an 00:06:08.720 --> 00:06:10.710 align:start position:0% I was like why don't we build an ethereum<00:06:09.199> application<00:06:09.720> on<00:06:10.000> which<00:06:10.520> these 00:06:10.710 --> 00:06:10.720 align:start position:0% ethereum application on which these 00:06:10.720 --> 00:06:13.909 align:start position:0% ethereum application on which these little<00:06:11.039> Collectibles<00:06:11.680> are<00:06:12.280> nfts<00:06:13.280> and<00:06:13.680> because 00:06:13.909 --> 00:06:13.919 align:start position:0% little Collectibles are nfts and because 00:06:13.919 --> 00:06:15.469 align:start position:0% little Collectibles are nfts and because they<00:06:14.120> mined<00:06:14.440> on<00:06:14.560> a<00:06:14.680> blockchain<00:06:15.120> they<00:06:15.360> IM 00:06:15.469 --> 00:06:15.479 align:start position:0% they mined on a blockchain they IM 00:06:15.479 --> 00:06:18.950 align:start position:0% they mined on a blockchain they IM mutable<00:06:16.039> and<00:06:16.160> you<00:06:16.319> have<00:06:16.520> them<00:06:16.960> forever<00:06:17.960> and 00:06:18.950 --> 00:06:18.960 align:start position:0% mutable and you have them forever and 00:06:18.960 --> 00:06:20.670 align:start position:0% mutable and you have them forever and they<00:06:19.080> have<00:06:19.240> all<00:06:19.360> the<00:06:19.560> qualities<00:06:20.000> that<00:06:20.160> nfts 00:06:20.670 --> 00:06:20.680 align:start position:0% they have all the qualities that nfts 00:06:20.680 --> 00:06:24.029 align:start position:0% they have all the qualities that nfts have<00:06:21.000> like<00:06:21.319> like<00:06:22.120> authenticity<00:06:23.120> and<00:06:23.800> um 00:06:24.029 --> 00:06:24.039 align:start position:0% have like like authenticity and um 00:06:24.039 --> 00:06:26.029 align:start position:0% have like like authenticity and um provenance<00:06:24.720> and<00:06:25.000> several<00:06:25.400> other<00:06:25.599> things<00:06:25.800> that 00:06:26.029 --> 00:06:26.039 align:start position:0% provenance and several other things that 00:06:26.039 --> 00:06:27.870 align:start position:0% provenance and several other things that don't<00:06:26.280> really<00:06:26.479> come<00:06:26.639> to<00:06:26.800> mind<00:06:27.319> so<00:06:27.479> we<00:06:27.639> start 00:06:27.870 --> 00:06:27.880 align:start position:0% don't really come to mind so we start 00:06:27.880 --> 00:06:31.710 align:start position:0% don't really come to mind so we start building<00:06:28.280> this<00:06:29.039> and<00:06:29.400> it<00:06:29.639> goes<00:06:29.840> pretty<00:06:30.240> well<00:06:31.240> um 00:06:31.710 --> 00:06:31.720 align:start position:0% building this and it goes pretty well um 00:06:31.720 --> 00:06:33.189 align:start position:0% building this and it goes pretty well um we<00:06:31.880> launch<00:06:32.319> in 00:06:33.189 --> 00:06:33.199 align:start position:0% we launch in 00:06:33.199 --> 00:06:35.629 align:start position:0% we launch in 2019<00:06:34.199> well<00:06:34.360> I<00:06:34.479> have<00:06:34.680> explained<00:06:35.080> this<00:06:35.199> already 00:06:35.629 --> 00:06:35.639 align:start position:0% 2019 well I have explained this already 00:06:35.639 --> 00:06:39.790 align:start position:0% 2019 well I have explained this already I<00:06:35.800> messed<00:06:36.080> up<00:06:36.400> the<00:06:37.400> um<00:06:38.000> the<00:06:38.160> order<00:06:38.479> of<00:06:38.599> the 00:06:39.790 --> 00:06:39.800 align:start position:0% I messed up the um the order of the 00:06:39.800 --> 00:06:42.110 align:start position:0% I messed up the um the order of the slid<00:06:40.800> um<00:06:40.960> so<00:06:41.199> that<00:06:41.319> that's<00:06:41.520> the<00:06:41.639> little<00:06:41.840> intro 00:06:42.110 --> 00:06:42.120 align:start position:0% slid um so that that's the little intro 00:06:42.120 --> 00:06:43.870 align:start position:0% slid um so that that's the little intro of<00:06:42.280> pup<00:06:42.720> by<00:06:42.840> the<00:06:42.960> way<00:06:43.120> there's<00:06:43.319> going<00:06:43.440> to<00:06:43.560> be<00:06:43.720> a 00:06:43.870 --> 00:06:43.880 align:start position:0% of pup by the way there's going to be a 00:06:43.880 --> 00:06:45.909 align:start position:0% of pup by the way there's going to be a pup<00:06:44.319> at<00:06:44.400> the<00:06:44.479> end<00:06:44.639> of<00:06:44.759> the<00:06:44.919> talk<00:06:45.160> so<00:06:45.400> you<00:06:45.639> better 00:06:45.909 --> 00:06:45.919 align:start position:0% pup at the end of the talk so you better 00:06:45.919 --> 00:06:48.270 align:start position:0% pup at the end of the talk so you better get<00:06:46.080> your<00:06:46.280> apps<00:06:46.599> ready<00:06:47.160> and<00:06:47.599> some<00:06:47.800> other<00:06:48.039> house 00:06:48.270 --> 00:06:48.280 align:start position:0% get your apps ready and some other house 00:06:48.280 --> 00:06:53.430 align:start position:0% get your apps ready and some other house piing<00:06:48.599> stuff<00:06:48.840> that's<00:06:49.039> pretty<00:06:49.440> fun<00:06:50.479> now<00:06:51.880> this 00:06:53.430 --> 00:06:53.440 align:start position:0% piing stuff that's pretty fun now this 00:06:53.440 --> 00:06:57.350 align:start position:0% piing stuff that's pretty fun now this um<00:06:54.440> this<00:06:54.800> way<00:06:55.160> of<00:06:55.440> coming<00:06:55.840> up<00:06:56.800> with<00:06:56.960> the<00:06:57.120> idea 00:06:57.350 --> 00:06:57.360 align:start position:0% um this way of coming up with the idea 00:06:57.360 --> 00:07:00.230 align:start position:0% um this way of coming up with the idea of<00:06:57.520> pup<00:06:57.960> out<00:06:58.160> of<00:06:58.400> wanted 00:07:00.230 --> 00:07:00.240 align:start position:0% of pup out of wanted 00:07:00.240 --> 00:07:02.670 align:start position:0% of pup out of wanted to<00:07:00.479> show<00:07:00.960> that<00:07:01.160> ethereum<00:07:01.800> was<00:07:02.240> useful 00:07:02.670 --> 00:07:02.680 align:start position:0% to show that ethereum was useful 00:07:02.680 --> 00:07:05.950 align:start position:0% to show that ethereum was useful technology<00:07:03.199> that<00:07:03.400> makes<00:07:03.720> sense<00:07:04.560> brings<00:07:05.000> us 00:07:05.950 --> 00:07:05.960 align:start position:0% technology that makes sense brings us 00:07:05.960 --> 00:07:08.869 align:start position:0% technology that makes sense brings us what<00:07:06.120> it's<00:07:06.319> the<00:07:06.520> most<00:07:06.879> obvious<00:07:07.680> early<00:07:08.120> organs 00:07:08.869 --> 00:07:08.879 align:start position:0% what it's the most obvious early organs 00:07:08.879 --> 00:07:12.230 align:start position:0% what it's the most obvious early organs of<00:07:09.039> a<00:07:09.280> company<00:07:10.240> which<00:07:10.400> is<00:07:10.680> the<00:07:10.919> idea<00:07:11.879> and<00:07:12.120> how 00:07:12.230 --> 00:07:12.240 align:start position:0% of a company which is the idea and how 00:07:12.240 --> 00:07:15.189 align:start position:0% of a company which is the idea and how to<00:07:12.479> finance<00:07:12.960> it<00:07:13.599> if<00:07:13.879> if<00:07:13.960> we<00:07:14.080> were<00:07:14.319> analyzing 00:07:15.189 --> 00:07:15.199 align:start position:0% to finance it if if we were analyzing 00:07:15.199 --> 00:07:17.710 align:start position:0% to finance it if if we were analyzing major<00:07:15.800> companies<00:07:16.599> companies<00:07:17.000> has<00:07:17.240> plenty<00:07:17.560> of 00:07:17.710 --> 00:07:17.720 align:start position:0% major companies companies has plenty of 00:07:17.720 --> 00:07:21.869 align:start position:0% major companies companies has plenty of organs<00:07:18.720> like<00:07:19.160> legal<00:07:19.800> and<00:07:20.039> H<00:07:20.960> and<00:07:21.240> revenue 00:07:21.869 --> 00:07:21.879 align:start position:0% organs like legal and H and revenue 00:07:21.879 --> 00:07:25.070 align:start position:0% organs like legal and H and revenue sales<00:07:22.520> purchasing<00:07:23.240> Etc<00:07:24.039> but<00:07:24.199> in<00:07:24.360> an<00:07:24.520> early 00:07:25.070 --> 00:07:25.080 align:start position:0% sales purchasing Etc but in an early 00:07:25.080 --> 00:07:27.950 align:start position:0% sales purchasing Etc but in an early startup<00:07:25.840> you<00:07:26.080> pretty<00:07:26.319> much<00:07:26.599> have<00:07:26.919> someone<00:07:27.759> the 00:07:27.950 --> 00:07:27.960 align:start position:0% startup you pretty much have someone the 00:07:27.960 --> 00:07:29.510 align:start position:0% startup you pretty much have someone the founder<00:07:28.360> or<00:07:28.520> the<00:07:28.639> group<00:07:28.840> of<00:07:28.960> Founders<00:07:29.280> that 00:07:29.510 --> 00:07:29.520 align:start position:0% founder or the group of Founders that 00:07:29.520 --> 00:07:31.550 align:start position:0% founder or the group of Founders that have<00:07:29.680> an<00:07:29.879> ideas<00:07:30.520> and<00:07:30.680> ideas<00:07:30.960> are<00:07:31.120> extremely 00:07:31.550 --> 00:07:31.560 align:start position:0% have an ideas and ideas are extremely 00:07:31.560 --> 00:07:34.110 align:start position:0% have an ideas and ideas are extremely cheap<00:07:32.120> like<00:07:32.319> like<00:07:32.520> they<00:07:32.639> are<00:07:32.840> time<00:07:33.199> do<00:07:33.840> so 00:07:34.110 --> 00:07:34.120 align:start position:0% cheap like like they are time do so 00:07:34.120 --> 00:07:36.710 align:start position:0% cheap like like they are time do so ideas<00:07:34.479> are<00:07:34.759> pretty<00:07:34.960> much<00:07:35.160> worth<00:07:35.479> nothing<00:07:36.479> but 00:07:36.710 --> 00:07:36.720 align:start position:0% ideas are pretty much worth nothing but 00:07:36.720 --> 00:07:39.990 align:start position:0% ideas are pretty much worth nothing but when<00:07:36.879> you<00:07:37.080> match<00:07:37.360> an<00:07:38.080> idea<00:07:39.080> um<00:07:39.400> with<00:07:39.599> a<00:07:39.759> little 00:07:39.990 --> 00:07:40.000 align:start position:0% when you match an idea um with a little 00:07:40.000 --> 00:07:43.309 align:start position:0% when you match an idea um with a little source<00:07:40.280> of<00:07:40.639> financing<00:07:41.639> at<00:07:41.840> least<00:07:42.319> enough<00:07:43.080> for 00:07:43.309 --> 00:07:43.319 align:start position:0% source of financing at least enough for 00:07:43.319 --> 00:07:45.830 align:start position:0% source of financing at least enough for the<00:07:43.440> founder<00:07:43.879> to<00:07:44.080> come<00:07:44.360> by<00:07:45.039> then<00:07:45.159> you<00:07:45.400> start 00:07:45.830 --> 00:07:45.840 align:start position:0% the founder to come by then you start 00:07:45.840 --> 00:07:47.710 align:start position:0% the founder to come by then you start having<00:07:46.840> the 00:07:47.710 --> 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00:08:09.390 align:start position:0% web three space we've been seeing and we continue<00:08:05.280> to<00:08:05.800> see<00:08:06.800> extremely<00:08:07.720> exotic<00:08:08.720> ways<00:08:08.960> of 00:08:09.390 --> 00:08:09.400 align:start position:0% continue to see extremely exotic ways of 00:08:09.400 --> 00:08:12.950 align:start position:0% continue to see extremely exotic ways of financing<00:08:10.400> because<00:08:10.680> of<00:08:11.240> tokens<00:08:12.240> and<00:08:12.720> the 00:08:12.950 --> 00:08:12.960 align:start position:0% financing because of tokens and the 00:08:12.960 --> 00:08:15.670 align:start position:0% financing because of tokens and the possibility<00:08:13.720> of<00:08:14.199> creating<00:08:14.960> crazy 00:08:15.670 --> 00:08:15.680 align:start position:0% possibility of creating crazy 00:08:15.680 --> 00:08:16.909 align:start position:0% possibility of creating crazy speculative 00:08:16.909 --> 00:08:16.919 align:start position:0% speculative 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position:0% awesome they are at<00:08:30.120> the<00:08:30.319> same<00:08:31.279> time<00:08:32.279> what 00:08:33.670 --> 00:08:33.680 align:start position:0% at the same time what 00:08:33.680 --> 00:08:37.469 align:start position:0% at the same time what make<00:08:34.680> a<00:08:34.880> starting<00:08:35.360> a<00:08:35.599> web<00:08:35.880> tree<00:08:36.479> company 00:08:37.469 --> 00:08:37.479 align:start position:0% make a starting a web tree company 00:08:37.479 --> 00:08:40.550 align:start position:0% make a starting a web tree company pretty<00:08:37.680> much<00:08:37.800> a<00:08:38.000> suicidal<00:08:39.120> Mission<00:08:40.120> um 00:08:40.550 --> 00:08:40.560 align:start position:0% pretty much a suicidal Mission um 00:08:40.560 --> 00:08:45.350 align:start position:0% pretty much a suicidal Mission um there's<00:08:41.399> only<00:08:41.760> a<00:08:42.039> handful<00:08:42.519> of<00:08:43.320> cases<00:08:44.320> of 00:08:45.350 --> 00:08:45.360 align:start position:0% there's only a handful of cases of 00:08:45.360 --> 00:08:47.750 align:start position:0% there's only a handful of cases of successful<00:08:46.360> startups<00:08:46.880> that<00:08:47.040> had<00:08:47.279> completed 00:08:47.750 --> 00:08:47.760 align:start position:0% successful startups that had completed 00:08:47.760 --> 00:08:50.470 align:start position:0% successful startups that had completed the<00:08:48.000> cycle<00:08:48.800> that<00:08:49.040> started<00:08:49.399> with<00:08:49.560> an<00:08:49.760> idea<00:08:50.320> with 00:08:50.470 --> 00:08:50.480 align:start position:0% the cycle that started with an idea with 00:08:50.480 --> 00:08:52.550 align:start position:0% the cycle that started with an idea with some<00:08:50.680> little<00:08:51.200> financing<00:08:52.200> and<00:08:52.320> that 00:08:52.550 --> 00:08:52.560 align:start position:0% some little financing and that 00:08:52.560 --> 00:08:56.030 align:start position:0% some little financing and that eventually<00:08:53.040> completed<00:08:53.560> a<00:08:53.800> cycle<00:08:54.800> and<00:08:55.120> have 00:08:56.030 --> 00:08:56.040 align:start position:0% eventually completed a cycle and have 00:08:56.040 --> 00:08:59.190 align:start position:0% eventually completed a cycle and have become<00:08:57.040> successful<00:08:57.959> sustainable<00:08:58.720> profitable 00:08:59.190 --> 00:08:59.200 align:start position:0% become successful sustainable profitable 00:08:59.200 --> 00:09:01.190 align:start position:0% become successful sustainable profitable buiness<00:08:59.440> business<00:09:00.240> most<00:09:00.480> of<00:09:00.680> the<00:09:00.839> crypto 00:09:01.190 --> 00:09:01.200 align:start position:0% buiness business most of the crypto 00:09:01.200 --> 00:09:03.870 align:start position:0% buiness business most of the crypto companies<00:09:01.600> these<00:09:01.839> days<00:09:02.120> big<00:09:02.320> and<00:09:02.600> small<00:09:03.600> are 00:09:03.870 --> 00:09:03.880 align:start position:0% companies these days big and small are 00:09:03.880 --> 00:09:07.069 align:start position:0% companies these days big and small are running<00:09:04.880> on<00:09:05.440> either<00:09:05.800> extremely<00:09:06.360> handwavy 00:09:07.069 --> 00:09:07.079 align:start position:0% running on either extremely handwavy 00:09:07.079 --> 00:09:09.790 align:start position:0% running on either extremely handwavy models<00:09:08.000> or<00:09:08.200> they<00:09:08.360> have<00:09:08.560> launched<00:09:09.040> tokens<00:09:09.600> and 00:09:09.790 --> 00:09:09.800 align:start position:0% models or they have launched tokens and 00:09:09.800 --> 00:09:12.230 align:start position:0% models or they have launched tokens and they<00:09:09.880> are<00:09:10.160> still<00:09:10.839> somewhat<00:09:11.320> holding<00:09:11.720> up<00:09:12.079> or 00:09:12.230 --> 00:09:12.240 align:start position:0% they are still somewhat holding up or 00:09:12.240 --> 00:09:14.230 align:start position:0% they are still somewhat holding up or maybe<00:09:12.480> they<00:09:12.600> are<00:09:12.720> holding<00:09:13.040> up<00:09:13.240> really<00:09:13.519> well 00:09:14.230 --> 00:09:14.240 align:start position:0% maybe they are holding up really well 00:09:14.240 --> 00:09:16.990 align:start position:0% maybe they are holding up really well but<00:09:14.480> normal<00:09:14.959> business<00:09:15.920> that<00:09:16.120> check<00:09:16.399> the<00:09:16.600> boxes 00:09:16.990 --> 00:09:17.000 align:start position:0% but normal business that check the boxes 00:09:17.000 --> 00:09:19.269 align:start position:0% but normal business that check the boxes of<00:09:17.160> a<00:09:17.320> business<00:09:17.600> that<00:09:17.800> makes<00:09:18.120> sense<00:09:19.040> I'm<00:09:19.160> not 00:09:19.269 --> 00:09:19.279 align:start position:0% of a business that makes sense I'm not 00:09:19.279 --> 00:09:23.269 align:start position:0% of a business that makes sense I'm not sure<00:09:19.560> I<00:09:19.680> can<00:09:19.839> count<00:09:20.079> to<00:09:20.480> 10 00:09:23.269 --> 00:09:23.279 align:start position:0% sure I can count to 10 00:09:23.279 --> 00:09:25.550 align:start position:0% sure I can count to 10 so<00:09:24.279> I<00:09:24.399> was<00:09:24.600> talking<00:09:24.839> about<00:09:25.040> the<00:09:25.200> different 00:09:25.550 --> 00:09:25.560 align:start position:0% so I was talking about the different 00:09:25.560 --> 00:09:27.509 align:start position:0% so I was talking about the different models<00:09:25.920> of<00:09:26.120> financing<00:09:26.880> and<00:09:27.000> of<00:09:27.120> course<00:09:27.320> we<00:09:27.399> are 00:09:27.509 --> 00:09:27.519 align:start position:0% models of financing and of course we are 00:09:27.519 --> 00:09:30.670 align:start position:0% models of financing and of course we are going<00:09:27.600> to<00:09:27.760> talk<00:09:27.959> about<00:09:28.600> uh<00:09:28.800> tokens<00:09:29.720> but<00:09:29.959> let's 00:09:30.670 --> 00:09:30.680 align:start position:0% going to talk about uh tokens but let's 00:09:30.680 --> 00:09:33.630 align:start position:0% going to talk about uh tokens but let's get<00:09:31.680> um<00:09:32.160> first<00:09:32.480> to<00:09:32.720> the<00:09:32.880> easier<00:09:33.279> ones<00:09:33.440> to 00:09:33.630 --> 00:09:33.640 align:start position:0% get um first to the easier ones to 00:09:33.640 --> 00:09:36.670 align:start position:0% get um first to the easier ones to explain<00:09:34.600> um<00:09:35.000> bootstrapping<00:09:36.000> web<00:09:36.200> three<00:09:36.399> a 00:09:36.670 --> 00:09:36.680 align:start position:0% explain um bootstrapping web three a 00:09:36.680 --> 00:09:39.310 align:start position:0% explain um bootstrapping web three a startup<00:09:37.680> um<00:09:37.959> it's<00:09:38.120> a<00:09:38.440> model<00:09:38.720> of<00:09:38.880> financing 00:09:39.310 --> 00:09:39.320 align:start position:0% startup um it's a model of financing 00:09:39.320 --> 00:09:41.069 align:start position:0% startup um it's a model of financing that<00:09:39.440> I<00:09:39.600> recommend<00:09:39.959> a<00:09:40.079> lot<00:09:40.560> this<00:09:40.680> is<00:09:40.880> pretty 00:09:41.069 --> 00:09:41.079 align:start position:0% that I recommend a lot this is pretty 00:09:41.079 --> 00:09:43.470 align:start position:0% that I recommend a lot this is pretty much<00:09:41.279> the<00:09:41.440> founder<00:09:41.800> of<00:09:41.920> the<00:09:42.079> founding<00:09:42.560> teams 00:09:43.470 --> 00:09:43.480 align:start position:0% much the founder of the founding teams 00:09:43.480 --> 00:09:45.110 align:start position:0% much the founder of the founding teams running<00:09:43.839> it<00:09:44.040> with<00:09:44.200> their<00:09:44.320> own<00:09:44.519> money<00:09:44.959> not 00:09:45.110 --> 00:09:45.120 align:start position:0% running it with their own money not 00:09:45.120 --> 00:09:47.190 align:start position:0% running it with their own money not taking<00:09:45.519> external<00:09:46.040> capital<00:09:46.440> and<00:09:46.600> seeing<00:09:47.000> how 00:09:47.190 --> 00:09:47.200 align:start position:0% taking external capital and seeing how 00:09:47.200 --> 00:09:48.910 align:start position:0% taking external capital and seeing how they<00:09:47.320> could<00:09:47.519> do<00:09:47.680> it<00:09:48.120> and<00:09:48.279> this<00:09:48.399> is<00:09:48.519> a<00:09:48.720> very 00:09:48.910 --> 00:09:48.920 align:start position:0% they could do it and this is a very 00:09:48.920 --> 00:09:52.829 align:start position:0% they could do it and this is a very valid<00:09:49.279> model<00:09:49.959> um<00:09:50.279> many<00:09:51.079> Founders<00:09:52.079> um<00:09:52.399> work 00:09:52.829 --> 00:09:52.839 align:start position:0% valid model um many Founders um work 00:09:52.839 --> 00:09:55.750 align:start position:0% valid model um many Founders um work full-time<00:09:53.760> at<00:09:54.120> something<00:09:54.560> else<00:09:55.360> and<00:09:55.519> then<00:09:55.640> the 00:09:55.750 --> 00:09:55.760 align:start position:0% full-time at something else and then the 00:09:55.760 --> 00:09:59.430 align:start position:0% full-time at something else and then the render<00:09:56.240> start<00:09:56.440> up<00:09:56.640> on<00:09:56.800> the<00:09:57.079> side<00:09:58.040> and<00:09:58.440> only 00:09:59.430 --> 00:09:59.440 align:start position:0% render start up on the side and only 00:09:59.440 --> 00:10:02.590 align:start position:0% render start up on the side and only after<00:09:59.800> validating<00:10:00.519> whatever<00:10:01.399> ideaa<00:10:01.839> they<00:10:02.120> had 00:10:02.590 --> 00:10:02.600 align:start position:0% after validating whatever ideaa they had 00:10:02.600 --> 00:10:05.110 align:start position:0% after validating whatever ideaa they had or<00:10:02.880> finding<00:10:03.279> enough<00:10:03.680> traction<00:10:04.600> they<00:10:04.800> decide 00:10:05.110 --> 00:10:05.120 align:start position:0% or finding enough traction they decide 00:10:05.120 --> 00:10:06.630 align:start position:0% or finding enough traction they decide to<00:10:05.320> transition<00:10:05.760> to<00:10:06.000> something<00:10:06.279> else<00:10:06.480> that's 00:10:06.630 --> 00:10:06.640 align:start position:0% to transition to something else that's 00:10:06.640 --> 00:10:08.990 align:start position:0% to transition to something else that's not<00:10:06.800> bootstrapping<00:10:07.600> so<00:10:07.800> bu<00:10:08.040> trapping<00:10:08.760> um<00:10:08.880> it's 00:10:08.990 --> 00:10:09.000 align:start position:0% not bootstrapping so bu trapping um it's 00:10:09.000 --> 00:10:10.790 align:start position:0% not bootstrapping so bu trapping um it's really<00:10:09.200> easy<00:10:09.399> to<00:10:09.519> explain<00:10:09.839> is<00:10:10.120> pretty<00:10:10.360> much 00:10:10.790 --> 00:10:10.800 align:start position:0% really easy to explain is pretty much 00:10:10.800 --> 00:10:14.230 align:start position:0% really easy to explain is pretty much not<00:10:11.040> taking<00:10:11.360> external<00:10:11.880> funding<00:10:12.880> the<00:10:13.240> founder 00:10:14.230 --> 00:10:14.240 align:start position:0% not taking external funding the founder 00:10:14.240 --> 00:10:16.910 align:start position:0% not taking external funding the founder Carise<00:10:14.800> the<00:10:14.959> burden<00:10:15.480> of<00:10:15.800> figuring<00:10:16.200> out<00:10:16.519> how<00:10:16.680> to 00:10:16.910 --> 00:10:16.920 align:start position:0% Carise the burden of figuring out how to 00:10:16.920 --> 00:10:19.030 align:start position:0% Carise the burden of figuring out how to pay<00:10:17.120> the<00:10:17.240> bills<00:10:17.920> and<00:10:18.040> the<00:10:18.160> bills<00:10:18.399> in<00:10:18.560> web3 00:10:19.030 --> 00:10:19.040 align:start position:0% pay the bills and the bills in web3 00:10:19.040 --> 00:10:21.190 align:start position:0% pay the bills and the bills in web3 startup<00:10:19.399> are<00:10:19.560> extremely<00:10:20.120> expensive<00:10:20.880> for<00:10:21.079> a 00:10:21.190 --> 00:10:21.200 align:start position:0% startup are extremely expensive for a 00:10:21.200 --> 00:10:22.630 align:start position:0% startup are extremely expensive for a bunch<00:10:21.399> of<00:10:21.560> reasons<00:10:21.880> that<00:10:22.040> we<00:10:22.120> don't<00:10:22.320> have<00:10:22.480> time 00:10:22.630 --> 00:10:22.640 align:start position:0% bunch of reasons that we don't have time 00:10:22.640 --> 00:10:27.310 align:start position:0% bunch of reasons that we don't have time to<00:10:22.880> cover<00:10:24.240> then<00:10:25.240> um<00:10:25.959> there's<00:10:26.320> another 00:10:27.310 --> 00:10:27.320 align:start position:0% to cover then um there's another 00:10:27.320 --> 00:10:29.750 align:start position:0% to cover then um there's another alternative<00:10:27.920> for<00:10:28.200> financing<00:10:28.959> and<00:10:29.079> we<00:10:29.600> going 00:10:29.750 --> 00:10:29.760 align:start position:0% alternative for financing and we going 00:10:29.760 --> 00:10:31.550 align:start position:0% alternative for financing and we going to<00:10:30.000> talk<00:10:30.279> much<00:10:30.519> about<00:10:30.760> them<00:10:30.959> because<00:10:31.200> I<00:10:31.320> don't 00:10:31.550 --> 00:10:31.560 align:start position:0% to talk much about them because I don't 00:10:31.560 --> 00:10:34.949 align:start position:0% to talk much about them because I don't think<00:10:32.320> in<00:10:32.519> this<00:10:32.720> day<00:10:32.880> and<00:10:33.160> age<00:10:33.720> it<00:10:33.959> makes<00:10:34.279> sense 00:10:34.949 --> 00:10:34.959 align:start position:0% think in this day and age it makes sense 00:10:34.959 --> 00:10:37.389 align:start position:0% think in this day and age it makes sense but<00:10:35.079> it's<00:10:35.279> traditional<00:10:35.800> VC<00:10:36.760> um<00:10:36.880> traditional 00:10:37.389 --> 00:10:37.399 align:start position:0% but it's traditional VC um traditional 00:10:37.399 --> 00:10:40.509 align:start position:0% but it's traditional VC um traditional VC<00:10:37.880> it's<00:10:38.040> an<00:10:38.200> extremely<00:10:38.800> developed<00:10:39.720> uh 00:10:40.509 --> 00:10:40.519 align:start position:0% VC it's an extremely developed uh 00:10:40.519 --> 00:10:43.670 align:start position:0% VC it's an extremely developed uh model<00:10:41.519> it's<00:10:41.720> been<00:10:41.920> running<00:10:42.320> for<00:10:42.839> more<00:10:43.040> than<00:10:43.240> 20 00:10:43.670 --> 00:10:43.680 align:start position:0% model it's been running for more than 20 00:10:43.680 --> 00:10:46.949 align:start position:0% model it's been running for more than 20 years<00:10:44.320> there's<00:10:44.760> thousands<00:10:45.279> of<00:10:45.440> VC<00:10:45.959> companies 00:10:46.949 --> 00:10:46.959 align:start position:0% years there's thousands of VC companies 00:10:46.959 --> 00:10:48.389 align:start position:0% years there's thousands of VC companies but<00:10:47.480> in 00:10:48.389 --> 00:10:48.399 align:start position:0% but in 00:10:48.399 --> 00:10:50.829 align:start position:0% but in practice<00:10:49.399> and<00:10:49.680> and<00:10:49.880> this<00:10:50.000> is<00:10:50.120> an<00:10:50.320> unpopular 00:10:50.829 --> 00:10:50.839 align:start position:0% practice and and this is an unpopular 00:10:50.839 --> 00:10:53.110 align:start position:0% practice and and this is an unpopular opinion<00:10:51.600> but<00:10:51.800> traditional<00:10:52.320> VC<00:10:52.720> has<00:10:52.880> nothing 00:10:53.110 --> 00:10:53.120 align:start position:0% opinion but traditional VC has nothing 00:10:53.120 --> 00:10:57.190 align:start position:0% opinion but traditional VC has nothing to<00:10:53.360> do<00:10:53.560> with<00:10:53.920> crypto<00:10:54.920> um<00:10:55.200> crypto<00:10:56.200> startups 00:10:57.190 --> 00:10:57.200 align:start position:0% to do with crypto um crypto startups 00:10:57.200 --> 00:10:59.509 align:start position:0% to do with crypto um crypto startups have<00:10:57.360> a<00:10:57.560> degree<00:10:57.880> of<00:10:58.079> uncertainty<00:10:59.079> that<00:10:59.360> just 00:10:59.509 --> 00:10:59.519 align:start position:0% have a degree of uncertainty that just 00:10:59.519 --> 00:11:02.269 align:start position:0% have a degree of uncertainty that just doesn't<00:10:59.800> fit<00:11:00.200> the<00:11:00.560> model<00:11:01.560> of<00:11:01.839> traditional 00:11:02.269 --> 00:11:02.279 align:start position:0% doesn't fit the model of traditional 00:11:02.279 --> 00:11:04.110 align:start position:0% doesn't fit the model of traditional Venture<00:11:02.639> Capital<00:11:03.360> traditional<00:11:03.760> Venture 00:11:04.110 --> 00:11:04.120 align:start position:0% Venture Capital traditional Venture 00:11:04.120 --> 00:11:09.670 align:start position:0% Venture Capital traditional Venture Capital<00:11:04.760> has<00:11:05.040> some<00:11:05.800> um<00:11:06.160> formulas<00:11:07.160> and<00:11:08.200> and<00:11:09.200> um 00:11:09.670 --> 00:11:09.680 align:start position:0% Capital has some um formulas and and um 00:11:09.680 --> 00:11:13.269 align:start position:0% Capital has some um formulas and and um some<00:11:10.040> models<00:11:10.600> and<00:11:10.959> time<00:11:11.639> frames 00:11:13.269 --> 00:11:13.279 align:start position:0% some models and time frames 00:11:13.279 --> 00:11:16.110 align:start position:0% some models and time frames and<00:11:14.279> many<00:11:14.639> companies<00:11:15.079> have 00:11:16.110 --> 00:11:16.120 align:start position:0% and many companies have 00:11:16.120 --> 00:11:19.269 align:start position:0% and many companies have applied<00:11:17.120> in<00:11:17.399> crypto<00:11:17.959> I<00:11:18.079> don't<00:11:18.320> think<00:11:18.880> it<00:11:19.040> has 00:11:19.269 --> 00:11:19.279 align:start position:0% applied in crypto I don't think it has 00:11:19.279 --> 00:11:21.269 align:start position:0% applied in crypto I don't think it has ever<00:11:19.560> worked<00:11:20.120> I<00:11:20.240> don't<00:11:20.440> think<00:11:20.639> it<00:11:20.760> will<00:11:21.000> ever 00:11:21.269 --> 00:11:21.279 align:start position:0% ever worked I don't think it will ever 00:11:21.279 --> 00:11:24.190 align:start position:0% ever worked I don't think it will ever work<00:11:21.880> the<00:11:22.000> only<00:11:22.279> crypto<00:11:22.800> companies<00:11:23.800> that<00:11:23.920> are 00:11:24.190 --> 00:11:24.200 align:start position:0% work the only crypto companies that are 00:11:24.200 --> 00:11:26.389 align:start position:0% work the only crypto companies that are financed<00:11:24.639> by<00:11:24.880> traditional<00:11:25.200> ventor<00:11:25.560> Capital 00:11:26.389 --> 00:11:26.399 align:start position:0% financed by traditional ventor Capital 00:11:26.399 --> 00:11:28.389 align:start position:0% financed by traditional ventor Capital are<00:11:26.760> pretty<00:11:27.000> much<00:11:27.279> not<00:11:27.600> Crypton<00:11:28.000> native 00:11:28.389 --> 00:11:28.399 align:start position:0% are pretty much not Crypton native 00:11:28.399 --> 00:11:30.670 align:start position:0% are pretty much not Crypton native companies<00:11:28.920> like<00:11:29.079> the<00:11:29.399> could<00:11:29.560> be 00:11:30.670 --> 00:11:30.680 align:start position:0% companies like the could be 00:11:30.680 --> 00:11:33.870 align:start position:0% companies like the could be custodian<00:11:31.680> um<00:11:32.440> custodians<00:11:33.040> or<00:11:33.279> financing 00:11:33.870 --> 00:11:33.880 align:start position:0% custodian um custodians or financing 00:11:33.880 --> 00:11:36.470 align:start position:0% custodian um custodians or financing services<00:11:34.360> or<00:11:34.600> compliance<00:11:35.160> or<00:11:35.320> legal<00:11:35.639> or<00:11:35.800> KC 00:11:36.470 --> 00:11:36.480 align:start position:0% services or compliance or legal or KC 00:11:36.480 --> 00:11:39.389 align:start position:0% services or compliance or legal or KC that<00:11:36.600> kind<00:11:36.720> of<00:11:36.880> is<00:11:37.320> maybe<00:11:38.320> could<00:11:38.639> qualify<00:11:39.160> by 00:11:39.389 --> 00:11:39.399 align:start position:0% that kind of is maybe could qualify by 00:11:39.399 --> 00:11:44.629 align:start position:0% that kind of is maybe could qualify by traditional<00:11:40.160> BC<00:11:41.440> um<00:11:42.440> but<00:11:43.120> in<00:11:43.320> my<00:11:43.560> personal 00:11:44.629 --> 00:11:44.639 align:start position:0% traditional BC um but in my personal 00:11:44.639 --> 00:11:47.190 align:start position:0% traditional BC um but in my personal opinion<00:11:45.639> um<00:11:46.160> if<00:11:46.320> you<00:11:46.480> are<00:11:46.680> building<00:11:47.040> a 00:11:47.190 --> 00:11:47.200 align:start position:0% opinion um if you are building a 00:11:47.200 --> 00:11:48.910 align:start position:0% opinion um if you are building a business<00:11:47.519> that<00:11:47.720> qualifies<00:11:48.279> for<00:11:48.480> traditional 00:11:48.910 --> 00:11:48.920 align:start position:0% business that qualifies for traditional 00:11:48.920 --> 00:11:52.389 align:start position:0% business that qualifies for traditional Venture<00:11:49.480> Capital<00:11:50.480> uh<00:11:50.800> go<00:11:51.000> for<00:11:51.240> it<00:11:51.920> the<00:11:52.079> content 00:11:52.389 --> 00:11:52.399 align:start position:0% Venture Capital uh go for it the content 00:11:52.399 --> 00:11:53.829 align:start position:0% Venture Capital uh go for it the content I'm<00:11:52.560> presenting<00:11:53.000> here<00:11:53.160> might<00:11:53.360> not<00:11:53.519> be<00:11:53.639> too 00:11:53.829 --> 00:11:53.839 align:start position:0% I'm presenting here might not be too 00:11:53.839 --> 00:11:57.350 align:start position:0% I'm presenting here might not be too useful<00:11:54.160> for<00:11:54.360> you<00:11:55.320> um<00:11:55.760> but<00:11:55.959> surely<00:11:56.600> the<00:11:56.839> point<00:11:57.200> I 00:11:57.350 --> 00:11:57.360 align:start position:0% useful for you um but surely the point I 00:11:57.360 --> 00:11:59.990 align:start position:0% useful for you um but surely the point I want<00:11:57.560> to<00:11:57.720> make<00:11:57.959> clear<00:11:58.600> if<00:11:58.760> you<00:11:58.920> are<00:11:59.480> a<00:11:59.639> crypt 00:11:59.990 --> 00:12:00.000 align:start position:0% want to make clear if you are a crypt 00:12:00.000 --> 00:12:03.470 align:start position:0% want to make clear if you are a crypt native<00:12:00.440> company<00:12:01.079> building<00:12:01.560> a<00:12:02.160> crypto<00:12:02.880> native 00:12:03.470 --> 00:12:03.480 align:start position:0% native company building a crypto native 00:12:03.480 --> 00:12:06.230 align:start position:0% native company building a crypto native business<00:12:03.880> model<00:12:04.880> it's<00:12:05.160> highly<00:12:05.560> unlikely<00:12:06.079> the 00:12:06.230 --> 00:12:06.240 align:start position:0% business model it's highly unlikely the 00:12:06.240 --> 00:12:08.829 align:start position:0% business model it's highly unlikely the traditional<00:12:06.720> Venture<00:12:07.279> Capital<00:12:08.279> works<00:12:08.560> for 00:12:08.829 --> 00:12:08.839 align:start position:0% traditional Venture Capital works for 00:12:08.839 --> 00:12:13.710 align:start position:0% traditional Venture Capital works for you<00:12:09.800> and<00:12:10.480> traditional<00:12:11.440> BC<00:12:12.440> may<00:12:13.279> want<00:12:13.519> to 00:12:13.710 --> 00:12:13.720 align:start position:0% you and traditional BC may want to 00:12:13.720 --> 00:12:16.389 align:start position:0% you and traditional BC may want to believe<00:12:14.120> that<00:12:14.320> it<00:12:14.480> could<00:12:15.000> work<00:12:16.000> you<00:12:16.160> are<00:12:16.279> going 00:12:16.389 --> 00:12:16.399 align:start position:0% believe that it could work you are going 00:12:16.399 --> 00:12:18.389 align:start position:0% believe that it could work you are going to<00:12:16.600> waste<00:12:16.839> your<00:12:17.079> time<00:12:17.720> and<00:12:17.880> now<00:12:18.040> I'm<00:12:18.120> going<00:12:18.240> to 00:12:18.389 --> 00:12:18.399 align:start position:0% to waste your time and now I'm going to 00:12:18.399 --> 00:12:20.269 align:start position:0% to waste your time and now I'm going to skip<00:12:18.639> for<00:12:18.760> a<00:12:18.920> second<00:12:19.399> uh<00:12:19.560> crypto<00:12:19.920> Venture 00:12:20.269 --> 00:12:20.279 align:start position:0% skip for a second uh crypto Venture 00:12:20.279 --> 00:12:22.310 align:start position:0% skip for a second uh crypto Venture Capital<00:12:20.680> because<00:12:21.000> that's<00:12:21.320> the 00:12:22.310 --> 00:12:22.320 align:start position:0% Capital because that's the 00:12:22.320 --> 00:12:25.350 align:start position:0% Capital because that's the hardest<00:12:23.320> um<00:12:24.040> the<00:12:24.199> hardest<00:12:24.519> one<00:12:24.720> to<00:12:24.880> grow<00:12:25.199> and 00:12:25.350 --> 00:12:25.360 align:start position:0% hardest um the hardest one to grow and 00:12:25.360 --> 00:12:27.230 align:start position:0% hardest um the hardest one to grow and explain<00:12:26.320> and<00:12:26.480> I'm<00:12:26.600> going<00:12:26.720> to<00:12:26.800> explain<00:12:27.120> the 00:12:27.230 --> 00:12:27.240 align:start position:0% explain and I'm going to explain the 00:12:27.240 --> 00:12:31.230 align:start position:0% explain and I'm going to explain the grants<00:12:27.560> and<00:12:27.800> exotic<00:12:28.240> financing<00:12:29.440> um<00:12:30.320> because 00:12:31.230 --> 00:12:31.240 align:start position:0% grants and exotic financing um because 00:12:31.240 --> 00:12:34.030 align:start position:0% grants and exotic financing um because that's<00:12:31.560> underexplored<00:12:32.440> and<00:12:33.279> it's<00:12:33.399> a<00:12:33.600> very 00:12:34.030 --> 00:12:34.040 align:start position:0% that's underexplored and it's a very 00:12:34.040 --> 00:12:44.150 align:start position:0% that's underexplored and it's a very viable<00:12:35.040> model<00:12:35.560> for<00:12:36.320> aspiring<00:12:36.839> Founders<00:12:37.680> these 00:12:44.150 --> 00:12:44.160 align:start position:0% 00:12:44.160 --> 00:12:47.189 align:start position:0% days<00:12:45.160> as<00:12:45.320> sping<00:12:45.600> Founders<00:12:45.959> these<00:12:46.199> days<00:12:47.040> when 00:12:47.189 --> 00:12:47.199 align:start position:0% days as sping Founders these days when 00:12:47.199 --> 00:12:49.670 align:start position:0% days as sping Founders these days when they<00:12:47.320> have<00:12:47.480> an<00:12:47.959> idea<00:12:48.959> um<00:12:49.199> they<00:12:49.360> have<00:12:49.519> pretty 00:12:49.670 --> 00:12:49.680 align:start position:0% they have an idea um they have pretty 00:12:49.680 --> 00:12:51.310 align:start position:0% they have an idea um they have pretty much<00:12:49.839> the<00:12:50.000> three<00:12:50.160> options<00:12:50.440> I<00:12:50.600> mentioned 00:12:51.310 --> 00:12:51.320 align:start position:0% much the three options I mentioned 00:12:51.320 --> 00:12:53.310 align:start position:0% much the three options I mentioned bootstrapping<00:12:52.320> which<00:12:52.480> is<00:12:52.760> probably<00:12:53.160> not 00:12:53.310 --> 00:12:53.320 align:start position:0% bootstrapping which is probably not 00:12:53.320 --> 00:12:55.430 align:start position:0% bootstrapping which is probably not viable<00:12:53.760> unless<00:12:54.040> they<00:12:54.199> have<00:12:54.360> lots<00:12:54.560> of<00:12:54.720> money<00:12:55.199> or 00:12:55.430 --> 00:12:55.440 align:start position:0% viable unless they have lots of money or 00:12:55.440 --> 00:12:58.910 align:start position:0% viable unless they have lots of money or some<00:12:55.839> money<00:12:56.839> um<00:12:57.360> crypto<00:12:57.680> Venture<00:12:58.040> Capital 00:12:58.910 --> 00:12:58.920 align:start position:0% some money um crypto Venture Capital 00:12:58.920 --> 00:13:00.710 align:start position:0% some money um crypto Venture Capital which<00:12:59.279> I<00:12:59.560> don't<00:12:59.839> recommend<00:13:00.279> unless<00:13:00.560> they're 00:13:00.710 --> 00:13:00.720 align:start position:0% which I don't recommend unless they're 00:13:00.720 --> 00:13:02.509 align:start position:0% which I don't recommend unless they're extremely<00:13:01.079> sure<00:13:01.360> what<00:13:01.480> they<00:13:01.600> are<00:13:01.760> doing<00:13:02.399> and 00:13:02.509 --> 00:13:02.519 align:start position:0% extremely sure what they are doing and 00:13:02.519 --> 00:13:03.990 align:start position:0% extremely sure what they are doing and then<00:13:02.680> there's<00:13:02.920> this<00:13:03.120> grants<00:13:03.399> and<00:13:03.560> exotic 00:13:03.990 --> 00:13:04.000 align:start position:0% then there's this grants and exotic 00:13:04.000 --> 00:13:06.310 align:start position:0% then there's this grants and exotic financing<00:13:04.760> grants<00:13:05.040> and<00:13:05.279> exotic<00:13:05.680> financing 00:13:06.310 --> 00:13:06.320 align:start position:0% financing grants and exotic financing 00:13:06.320 --> 00:13:09.629 align:start position:0% financing grants and exotic financing means<00:13:07.320> there's<00:13:07.639> plenty<00:13:07.920> of<00:13:08.399> organizations<00:13:09.399> in 00:13:09.629 --> 00:13:09.639 align:start position:0% means there's plenty of organizations in 00:13:09.639 --> 00:13:12.430 align:start position:0% means there's plenty of organizations in crypto<00:13:10.639> that<00:13:10.880> have<00:13:11.320> more<00:13:11.760> more<00:13:11.920> money<00:13:12.240> than 00:13:12.430 --> 00:13:12.440 align:start position:0% crypto that have more more money than 00:13:12.440 --> 00:13:14.629 align:start position:0% crypto that have more more money than what<00:13:12.560> they<00:13:12.720> know<00:13:12.959> how<00:13:13.079> to<00:13:13.320> spend<00:13:14.079> this<00:13:14.240> can<00:13:14.399> be 00:13:14.629 --> 00:13:14.639 align:start position:0% what they know how to spend this can be 00:13:14.639 --> 00:13:17.509 align:start position:0% what they know how to spend this can be Doos<00:13:15.360> they<00:13:15.519> can<00:13:15.639> be<00:13:15.880> foundations<00:13:16.880> they<00:13:17.000> can<00:13:17.199> be 00:13:17.509 --> 00:13:17.519 align:start position:0% Doos they can be foundations they can be 00:13:17.519 --> 00:13:19.430 align:start position:0% Doos they can be foundations they can be individuals<00:13:18.519> and<00:13:18.639> there<00:13:18.760> are<00:13:18.920> plenty<00:13:19.199> of 00:13:19.430 --> 00:13:19.440 align:start position:0% individuals and there are plenty of 00:13:19.440 --> 00:13:21.829 align:start position:0% individuals and there are plenty of individuals<00:13:20.000> there<00:13:20.120> are<00:13:20.279> plenty<00:13:20.519> of<00:13:20.839> whales 00:13:21.829 --> 00:13:21.839 align:start position:0% individuals there are plenty of whales 00:13:21.839 --> 00:13:24.389 align:start position:0% individuals there are plenty of whales that<00:13:22.160> you<00:13:22.320> may<00:13:22.639> meet<00:13:22.959> at<00:13:23.160> a<00:13:23.440> conference<00:13:24.040> or<00:13:24.279> in 00:13:24.389 --> 00:13:24.399 align:start position:0% that you may meet at a conference or in 00:13:24.399 --> 00:13:27.470 align:start position:0% that you may meet at a conference or in a<00:13:24.600> hallway<00:13:25.079> or<00:13:25.240> in<00:13:25.360> a<00:13:25.519> local<00:13:26.120> Meetup<00:13:27.120> and<00:13:27.279> you 00:13:27.470 --> 00:13:27.480 align:start position:0% a hallway or in a local Meetup and you 00:13:27.480 --> 00:13:29.550 align:start position:0% a hallway or in a local Meetup and you present<00:13:27.839> an<00:13:28.040> idea<00:13:28.560> and<00:13:28.680> you're<00:13:28.920> like<00:13:29.279> yeah<00:13:29.440> if 00:13:29.550 --> 00:13:29.560 align:start position:0% present an idea and you're like yeah if 00:13:29.560 --> 00:13:32.189 align:start position:0% present an idea and you're like yeah if I<00:13:29.720> had<00:13:30.160> $50,000<00:13:31.160> I<00:13:31.240> could<00:13:31.440> build<00:13:31.800> this<00:13:32.040> this 00:13:32.189 --> 00:13:32.199 align:start position:0% I had $50,000 I could build this this 00:13:32.199 --> 00:13:34.150 align:start position:0% I had $50,000 I could build this this and<00:13:32.440> this<00:13:32.920> and<00:13:33.079> this<00:13:33.279> happens<00:13:33.600> more<00:13:33.839> often 00:13:34.150 --> 00:13:34.160 align:start position:0% and this and this happens more often 00:13:34.160 --> 00:13:37.189 align:start position:0% and this and this happens more often than<00:13:34.360> not<00:13:35.040> there<00:13:35.160> are<00:13:35.360> even<00:13:35.720> some<00:13:36.360> success 00:13:37.189 --> 00:13:37.199 align:start position:0% than not there are even some success 00:13:37.199 --> 00:13:39.550 align:start position:0% than not there are even some success stories<00:13:38.079> of<00:13:38.240> companies<00:13:38.639> that<00:13:38.800> is<00:13:38.920> staring<00:13:39.360> out 00:13:39.550 --> 00:13:39.560 align:start position:0% stories of companies that is staring out 00:13:39.560 --> 00:13:42.509 align:start position:0% stories of companies that is staring out of<00:13:39.800> Grants<00:13:40.360> or<00:13:40.760> this<00:13:40.959> kind<00:13:41.120> of<00:13:41.360> financing<00:13:42.320> and 00:13:42.509 --> 00:13:42.519 align:start position:0% of Grants or this kind of financing and 00:13:42.519 --> 00:13:44.670 align:start position:0% of Grants or this kind of financing and have<00:13:42.760> grown<00:13:43.079> to<00:13:43.800> eventually<00:13:44.199> raising 00:13:44.670 --> 00:13:44.680 align:start position:0% have grown to eventually raising 00:13:44.680 --> 00:13:47.670 align:start position:0% have grown to eventually raising Millions<00:13:45.279> from<00:13:45.519> BC<00:13:46.240> so<00:13:46.480> Grant<00:13:46.720> and<00:13:46.880> resting 00:13:47.670 --> 00:13:47.680 align:start position:0% Millions from BC so Grant and resting 00:13:47.680 --> 00:13:51.910 align:start position:0% Millions from BC so Grant and resting financing<00:13:48.680> it's<00:13:48.880> a<00:13:49.760> very<00:13:50.199> valid<00:13:50.800> and<00:13:51.040> very 00:13:51.910 --> 00:13:51.920 align:start position:0% financing it's a very valid and very 00:13:51.920 --> 00:13:54.550 align:start position:0% financing it's a very valid and very honorable<00:13:52.920> um<00:13:53.320> way<00:13:53.519> of<00:13:53.720> raising<00:13:54.079> capital<00:13:54.399> for 00:13:54.550 --> 00:13:54.560 align:start position:0% honorable um way of raising capital for 00:13:54.560 --> 00:13:57.629 align:start position:0% honorable um way of raising capital for an<00:13:54.680> early<00:13:55.000> web3<00:13:55.519> startup<00:13:56.000> that<00:13:56.160> I<00:13:56.320> absolutely 00:13:57.629 --> 00:13:57.639 align:start position:0% an early web3 startup that I absolutely 00:13:57.639 --> 00:14:01.829 align:start position:0% an early web3 startup that I absolutely recommend<00:13:58.639> and<00:13:58.839> then<00:13:59.279> and<00:13:59.399> I<00:13:59.560> left<00:13:59.880> it<00:14:00.120> for<00:14:00.519> the 00:14:01.829 --> 00:14:01.839 align:start position:0% recommend and then and I left it for the 00:14:01.839 --> 00:14:05.350 align:start position:0% recommend and then and I left it for the last<00:14:02.839> um<00:14:03.560> item<00:14:03.920> on<00:14:04.120> the<00:14:04.279> four<00:14:04.639> models<00:14:05.040> that<00:14:05.160> I 00:14:05.350 --> 00:14:05.360 align:start position:0% last um item on the four models that I 00:14:05.360 --> 00:14:08.389 align:start position:0% last um item on the four models that I presented<00:14:06.120> it's<00:14:06.320> traditional<00:14:06.839> Crypt<00:14:07.279> BC 00:14:08.389 --> 00:14:08.399 align:start position:0% presented it's traditional Crypt BC 00:14:08.399 --> 00:14:11.030 align:start position:0% presented it's traditional Crypt BC unfortunately<00:14:09.399> traditional<00:14:09.959> Crypt 00:14:11.030 --> 00:14:11.040 align:start position:0% unfortunately traditional Crypt 00:14:11.040 --> 00:14:15.150 align:start position:0% unfortunately traditional Crypt BC<00:14:12.040> has<00:14:12.800> evolved<00:14:13.800> naturally<00:14:14.639> I<00:14:14.720> don't<00:14:14.880> think 00:14:15.150 --> 00:14:15.160 align:start position:0% BC has evolved naturally I don't think 00:14:15.160 --> 00:14:17.829 align:start position:0% BC has evolved naturally I don't think anyone<00:14:15.959> specifically<00:14:16.600> wanted<00:14:16.920> to<00:14:17.040> go<00:14:17.279> that 00:14:17.829 --> 00:14:17.839 align:start position:0% anyone specifically wanted to go that 00:14:17.839 --> 00:14:19.870 align:start position:0% anyone specifically wanted to go that way 00:14:19.870 --> 00:14:19.880 align:start position:0% way 00:14:19.880 --> 00:14:22.629 align:start position:0% way in<00:14:20.880> a<00:14:21.120> perverted 00:14:22.629 --> 00:14:22.639 align:start position:0% in a perverted 00:14:22.639 --> 00:14:26.670 align:start position:0% in a perverted model<00:14:23.959> of<00:14:24.959> um<00:14:25.360> greater 00:14:26.670 --> 00:14:26.680 align:start position:0% model of um greater 00:14:26.680 --> 00:14:31.030 align:start position:0% model of um greater fools<00:14:27.680> there<00:14:27.839> are<00:14:28.360> plenty<00:14:28.800> of<00:14:29.480> highly<00:14:30.040> skilled 00:14:31.030 --> 00:14:31.040 align:start position:0% fools there are plenty of highly skilled 00:14:31.040 --> 00:14:33.550 align:start position:0% fools there are plenty of highly skilled with<00:14:31.320> plenty<00:14:31.720> of<00:14:32.040> social<00:14:32.519> skills<00:14:32.959> and 00:14:33.550 --> 00:14:33.560 align:start position:0% with plenty of social skills and 00:14:33.560 --> 00:14:37.069 align:start position:0% with plenty of social skills and abilities<00:14:34.800> investors<00:14:35.800> that<00:14:35.959> are<00:14:36.160> meeting 00:14:37.069 --> 00:14:37.079 align:start position:0% abilities investors that are meeting 00:14:37.079 --> 00:14:39.949 align:start position:0% abilities investors that are meeting founders<00:14:37.519> with<00:14:37.800> ideas<00:14:38.279> in<00:14:38.440> need<00:14:38.680> of<00:14:38.959> financing 00:14:39.949 --> 00:14:39.959 align:start position:0% founders with ideas in need of financing 00:14:39.959 --> 00:14:42.310 align:start position:0% founders with ideas in need of financing and<00:14:40.120> they<00:14:40.240> will<00:14:40.560> convince<00:14:41.160> them<00:14:41.639> or<00:14:41.839> they<00:14:41.959> will 00:14:42.310 --> 00:14:42.320 align:start position:0% and they will convince them or they will 00:14:42.320 --> 00:14:44.749 align:start position:0% and they will convince them or they will promote<00:14:42.759> them<00:14:42.920> and<00:14:43.120> help<00:14:43.440> them<00:14:43.959> do<00:14:44.199> a<00:14:44.360> token 00:14:44.749 --> 00:14:44.759 align:start position:0% promote them and help them do a token 00:14:44.759 --> 00:14:47.629 align:start position:0% promote them and help them do a token Finance<00:14:45.440> comp<00:14:46.160> company<00:14:47.000> and<00:14:47.160> that's<00:14:47.360> pretty 00:14:47.629 --> 00:14:47.639 align:start position:0% Finance comp company and that's pretty 00:14:47.639 --> 00:14:49.389 align:start position:0% Finance comp company and that's pretty much<00:14:47.839> a<00:14:48.120> dead 00:14:49.389 --> 00:14:49.399 align:start position:0% much a dead 00:14:49.399 --> 00:14:51.590 align:start position:0% much a dead sentence 00:14:51.590 --> 00:14:51.600 align:start position:0% sentence 00:14:51.600 --> 00:14:55.430 align:start position:0% sentence it's<00:14:52.600> a<00:14:52.920> minimal<00:14:53.920> chance<00:14:54.680> of<00:14:54.880> long-term 00:14:55.430 --> 00:14:55.440 align:start position:0% it's a minimal chance of long-term 00:14:55.440 --> 00:14:58.629 align:start position:0% it's a minimal chance of long-term sustainable<00:14:56.120> success<00:14:56.600> that<00:14:56.759> a<00:14:57.240> Founder<00:14:58.240> uh 00:14:58.629 --> 00:14:58.639 align:start position:0% sustainable success that a Founder uh 00:14:58.639 --> 00:14:59.870 align:start position:0% sustainable success that a Founder uh gets 00:14:59.870 --> 00:14:59.880 align:start position:0% gets 00:14:59.880 --> 00:15:03.389 align:start position:0% gets when<00:15:00.279> they<00:15:01.279> sign<00:15:01.839> a<00:15:02.079> deal<00:15:02.560> with<00:15:02.720> a<00:15:02.880> VC<00:15:03.240> that 00:15:03.389 --> 00:15:03.399 align:start position:0% when they sign a deal with a VC that 00:15:03.399 --> 00:15:07.910 align:start position:0% when they sign a deal with a VC that expects<00:15:03.720> a<00:15:04.040> token<00:15:05.040> there<00:15:05.199> are<00:15:06.120> so<00:15:06.560> many<00:15:07.560> highly 00:15:07.910 --> 00:15:07.920 align:start position:0% expects a token there are so many highly 00:15:07.920 --> 00:15:11.069 align:start position:0% expects a token there are so many highly computed<00:15:08.680> mechanisms<00:15:09.320> that<00:15:09.560> start<00:15:09.839> to<00:15:10.079> play 00:15:11.069 --> 00:15:11.079 align:start position:0% computed mechanisms that start to play 00:15:11.079 --> 00:15:13.069 align:start position:0% computed mechanisms that start to play that<00:15:11.279> even<00:15:11.519> if<00:15:11.759> the<00:15:11.959> business<00:15:12.399> makes<00:15:12.720> sense 00:15:13.069 --> 00:15:13.079 align:start position:0% that even if the business makes sense 00:15:13.079 --> 00:15:15.670 align:start position:0% that even if the business makes sense and<00:15:13.240> it<00:15:13.440> grows<00:15:13.920> and<00:15:14.079> it<00:15:14.199> checks<00:15:14.440> all<00:15:14.639> the<00:15:14.800> boxes 00:15:15.670 --> 00:15:15.680 align:start position:0% and it grows and it checks all the boxes 00:15:15.680 --> 00:15:18.310 align:start position:0% and it grows and it checks all the boxes they<00:15:15.839> typically<00:15:16.279> burn<00:15:16.600> the<00:15:16.759> founder<00:15:17.199> out<00:15:18.040> um 00:15:18.310 --> 00:15:18.320 align:start position:0% they typically burn the founder out um 00:15:18.320 --> 00:15:22.949 align:start position:0% they typically burn the founder out um Founders<00:15:18.880> burn<00:15:19.240> out<00:15:20.000> it's<00:15:20.360> a<00:15:21.240> a<00:15:21.639> pretty 00:15:22.949 --> 00:15:22.959 align:start position:0% Founders burn out it's a a pretty 00:15:22.959 --> 00:15:26.670 align:start position:0% Founders burn out it's a a pretty pervasive<00:15:23.959> um<00:15:24.680> condition<00:15:25.000> in<00:15:25.199> this<00:15:25.680> industry 00:15:26.670 --> 00:15:26.680 align:start position:0% pervasive um condition in this industry 00:15:26.680 --> 00:15:29.550 align:start position:0% pervasive um condition in this industry and<00:15:27.000> tokens<00:15:27.639> make<00:15:28.079> everything<00:15:28.720> 100<00:15:29.160> times 00:15:29.550 --> 00:15:29.560 align:start position:0% and tokens make everything 100 times 00:15:29.560 --> 00:15:33.389 align:start position:0% and tokens make everything 100 times harder<00:15:31.040> so 00:15:33.389 --> 00:15:33.399 align:start position:0% harder so 00:15:33.399 --> 00:15:38.269 align:start position:0% harder so um<00:15:34.399> my<00:15:35.040> recommendation<00:15:36.040> is<00:15:36.199> that<00:15:36.480> first<00:15:36.759> time 00:15:38.269 --> 00:15:38.279 align:start position:0% um my recommendation is that first time 00:15:38.279 --> 00:15:41.910 align:start position:0% um my recommendation is that first time Founders<00:15:39.279> avoid<00:15:40.079> BC<00:15:41.079> even<00:15:41.360> if<00:15:41.480> you<00:15:41.639> believe 00:15:41.910 --> 00:15:41.920 align:start position:0% Founders avoid BC even if you believe 00:15:41.920 --> 00:15:44.629 align:start position:0% Founders avoid BC even if you believe your<00:15:42.199> idea<00:15:42.800> is<00:15:43.360> crypto<00:15:43.759> BC<00:15:44.199> even<00:15:44.399> if<00:15:44.519> you 00:15:44.629 --> 00:15:44.639 align:start position:0% your idea is crypto BC even if you 00:15:44.639 --> 00:15:50.389 align:start position:0% your idea is crypto BC even if you believe<00:15:44.880> your<00:15:45.160> idea<00:15:45.480> is<00:15:46.240> great<00:15:47.720> um<00:15:48.800> only<00:15:49.800> Puro 00:15:50.389 --> 00:15:50.399 align:start position:0% believe your idea is great um only Puro 00:15:50.399 --> 00:15:54.470 align:start position:0% believe your idea is great um only Puro Crypt<00:15:51.120> VC<00:15:52.120> if<00:15:52.240> you<00:15:52.440> have<00:15:52.600> a<00:15:52.959> solid<00:15:53.360> plan<00:15:54.240> that 00:15:54.470 --> 00:15:54.480 align:start position:0% Crypt VC if you have a solid plan that 00:15:54.480 --> 00:15:58.230 align:start position:0% Crypt VC if you have a solid plan that really<00:15:54.720> checks<00:15:55.000> the<00:15:55.639> boxes<00:15:56.639> and<00:15:57.600> doesn't<00:15:58.040> have 00:15:58.230 --> 00:15:58.240 align:start position:0% really checks the boxes and doesn't have 00:15:58.240 --> 00:16:00.069 align:start position:0% really checks the boxes and doesn't have the<00:15:58.399> classical<00:15:59.040> hand 00:16:00.069 --> 00:16:00.079 align:start position:0% the classical hand 00:16:00.079 --> 00:16:04.590 align:start position:0% the classical hand wavy<00:16:01.519> um<00:16:02.519> um<00:16:02.720> models<00:16:03.360> like<00:16:03.720> yeah<00:16:04.240> we<00:16:04.360> are<00:16:04.480> going 00:16:04.590 --> 00:16:04.600 align:start position:0% wavy um um models like yeah we are going 00:16:04.600 --> 00:16:06.870 align:start position:0% wavy um um models like yeah we are going to<00:16:04.800> race<00:16:05.319> here<00:16:05.839> and<00:16:06.000> we<00:16:06.120> are<00:16:06.240> going<00:16:06.360> to<00:16:06.519> ship 00:16:06.870 --> 00:16:06.880 align:start position:0% to race here and we are going to ship 00:16:06.880 --> 00:16:08.309 align:start position:0% to race here and we are going to ship this<00:16:07.199> and<00:16:07.360> eventually<00:16:07.839> we<00:16:07.959> are<00:16:08.079> going<00:16:08.160> to 00:16:08.309 --> 00:16:08.319 align:start position:0% this and eventually we are going to 00:16:08.319 --> 00:16:10.350 align:start position:0% this and eventually we are going to launch<00:16:08.560> a<00:16:08.759> token<00:16:09.120> and<00:16:09.279> the<00:16:09.399> token<00:16:09.759> price<00:16:10.040> will 00:16:10.350 --> 00:16:10.360 align:start position:0% launch a token and the token price will 00:16:10.360 --> 00:16:13.990 align:start position:0% launch a token and the token price will pump<00:16:10.839> enough<00:16:11.519> that<00:16:11.680> we<00:16:11.800> are<00:16:12.000> going<00:16:12.240> to<00:16:12.759> have<00:16:13.759> uh 00:16:13.990 --> 00:16:14.000 align:start position:0% pump enough that we are going to have uh 00:16:14.000 --> 00:16:16.749 align:start position:0% pump enough that we are going to have uh so<00:16:14.319> much<00:16:14.600> money<00:16:15.600> to<00:16:15.880> continue<00:16:16.360> Building 00:16:16.749 --> 00:16:16.759 align:start position:0% so much money to continue Building 00:16:16.759 --> 00:16:18.749 align:start position:0% so much money to continue Building without<00:16:17.040> worrying<00:16:17.319> about<00:16:17.560> Runway<00:16:18.399> that's<00:16:18.560> a 00:16:18.749 --> 00:16:18.759 align:start position:0% without worrying about Runway that's a 00:16:18.759 --> 00:16:21.430 align:start position:0% without worrying about Runway that's a success<00:16:19.199> stories<00:16:19.560> for<00:16:19.839> vs<00:16:20.560> and<00:16:20.720> I<00:16:20.839> don't<00:16:21.079> blame 00:16:21.430 --> 00:16:21.440 align:start position:0% success stories for vs and I don't blame 00:16:21.440 --> 00:16:23.949 align:start position:0% success stories for vs and I don't blame them<00:16:22.079> but<00:16:22.279> it's<00:16:22.959> this<00:16:23.160> thing<00:16:23.360> that<00:16:23.519> I<00:16:23.639> call<00:16:23.839> it 00:16:23.949 --> 00:16:23.959 align:start position:0% them but it's this thing that I call it 00:16:23.959 --> 00:16:27.550 align:start position:0% them but it's this thing that I call it a<00:16:24.639> suicidal<00:16:25.639> model<00:16:26.079> and<00:16:26.240> a<00:16:26.399> Deb<00:16:26.600> centers<00:16:26.959> for 00:16:27.550 --> 00:16:27.560 align:start position:0% a suicidal model and a Deb centers for 00:16:27.560 --> 00:16:30.350 align:start position:0% a suicidal model and a Deb centers for Founders<00:16:28.560> um<00:16:29.040> eventually<00:16:29.519> the 00:16:30.350 --> 00:16:30.360 align:start position:0% Founders um eventually the 00:16:30.360 --> 00:16:33.389 align:start position:0% Founders um eventually the model<00:16:31.360> um<00:16:31.560> of<00:16:31.720> Crypt<00:16:32.120> BC<00:16:32.560> when<00:16:32.720> the<00:16:32.880> regulatory 00:16:33.389 --> 00:16:33.399 align:start position:0% model um of Crypt BC when the regulatory 00:16:33.399 --> 00:16:35.990 align:start position:0% model um of Crypt BC when the regulatory landscape<00:16:33.959> gets<00:16:34.279> better<00:16:35.160> may<00:16:35.399> have<00:16:35.560> a<00:16:35.720> second 00:16:35.990 --> 00:16:36.000 align:start position:0% landscape gets better may have a second 00:16:36.000 --> 00:16:38.509 align:start position:0% landscape gets better may have a second shot<00:16:36.440> and<00:16:36.600> it<00:16:36.720> would<00:16:37.040> work<00:16:37.680> but<00:16:38.000> in<00:16:38.199> this 00:16:38.509 --> 00:16:38.519 align:start position:0% shot and it would work but in this 00:16:38.519 --> 00:16:41.790 align:start position:0% shot and it would work but in this context<00:16:39.240> on<00:16:39.519> which<00:16:39.880> tokens<00:16:40.680> can't<00:16:41.000> do<00:16:41.480> profit 00:16:41.790 --> 00:16:41.800 align:start position:0% context on which tokens can't do profit 00:16:41.800 --> 00:16:44.150 align:start position:0% context on which tokens can't do profit sharing<00:16:42.399> or<00:16:42.639> any<00:16:42.880> kind<00:16:43.079> of<00:16:43.279> Revenue<00:16:43.639> sharing 00:16:44.150 --> 00:16:44.160 align:start position:0% sharing or any kind of Revenue sharing 00:16:44.160 --> 00:16:45.710 align:start position:0% sharing or any kind of Revenue sharing or<00:16:44.480> tokenized 00:16:45.710 --> 00:16:45.720 align:start position:0% or tokenized 00:16:45.720 --> 00:16:47.470 align:start position:0% or tokenized Equity 00:16:47.470 --> 00:16:47.480 align:start position:0% Equity 00:16:47.480 --> 00:16:52.430 align:start position:0% Equity um<00:16:48.959> everything<00:16:49.959> token<00:16:50.639> govern<00:16:51.399> whatever<00:16:52.160> or 00:16:52.430 --> 00:16:52.440 align:start position:0% um everything token govern whatever or 00:16:52.440 --> 00:16:54.870 align:start position:0% um everything token govern whatever or utility<00:16:53.160> token<00:16:53.600> or<00:16:53.800> all<00:16:53.959> those<00:16:54.199> things<00:16:54.759> they 00:16:54.870 --> 00:16:54.880 align:start position:0% utility token or all those things they 00:16:54.880 --> 00:16:57.910 align:start position:0% utility token or all those things they are<00:16:55.199> ill<00:16:55.600> fate<00:16:56.319> they<00:16:56.399> are<00:16:56.600> not<00:16:56.839> worth<00:16:57.160> pursuing 00:16:57.910 --> 00:16:57.920 align:start position:0% are ill fate they are not worth pursuing 00:16:57.920 --> 00:17:00.870 align:start position:0% are ill fate they are not worth pursuing and<00:16:58.079> it<00:16:58.199> breaks<00:16:58.519> my<00:16:58.959> heart<00:16:59.319> I<00:16:59.440> met<00:16:59.759> some<00:17:00.680> uh 00:17:00.870 --> 00:17:00.880 align:start position:0% and it breaks my heart I met some uh 00:17:00.880 --> 00:17:03.309 align:start position:0% and it breaks my heart I met some uh some<00:17:01.079> Founders<00:17:01.600> this<00:17:01.800> week<00:17:02.360> I<00:17:02.560> I<00:17:02.759> I've<00:17:02.920> done<00:17:03.120> in 00:17:03.309 --> 00:17:03.319 align:start position:0% some Founders this week I I I've done in 00:17:03.319 --> 00:17:06.590 align:start position:0% some Founders this week I I I've done in my<00:17:03.639> career<00:17:04.360> over<00:17:04.880> 200<00:17:05.199> Investments<00:17:06.000> so<00:17:06.240> I<00:17:06.360> must 00:17:06.590 --> 00:17:06.600 align:start position:0% my career over 200 Investments so I must 00:17:06.600 --> 00:17:08.909 align:start position:0% my career over 200 Investments so I must have<00:17:07.120> I<00:17:07.240> must<00:17:07.439> have<00:17:07.640> talked<00:17:07.959> with<00:17:08.280> a<00:17:08.480> thousand 00:17:08.909 --> 00:17:08.919 align:start position:0% have I must have talked with a thousand 00:17:08.919 --> 00:17:11.590 align:start position:0% have I must have talked with a thousand Founders<00:17:09.720> it<00:17:09.839> breaks<00:17:10.240> my<00:17:10.480> heart<00:17:11.120> when<00:17:11.280> I<00:17:11.400> meet 00:17:11.590 --> 00:17:11.600 align:start position:0% Founders it breaks my heart when I meet 00:17:11.600 --> 00:17:15.150 align:start position:0% Founders it breaks my heart when I meet a<00:17:11.760> Founder<00:17:12.160> with<00:17:12.280> a<00:17:12.439> good<00:17:12.679> idea<00:17:13.400> full<00:17:13.640> of 00:17:15.150 --> 00:17:15.160 align:start position:0% a Founder with a good idea full of 00:17:15.160 --> 00:17:17.829 align:start position:0% a Founder with a good idea full of enthusiasm<00:17:16.160> that<00:17:16.319> is<00:17:16.559> about<00:17:16.839> to<00:17:17.039> sign<00:17:17.319> a<00:17:17.520> term 00:17:17.829 --> 00:17:17.839 align:start position:0% enthusiasm that is about to sign a term 00:17:17.839 --> 00:17:21.110 align:start position:0% enthusiasm that is about to sign a term sheet<00:17:18.839> and<00:17:19.079> do<00:17:19.360> pretty<00:17:19.640> much<00:17:19.959> this<00:17:20.240> Devil's 00:17:21.110 --> 00:17:21.120 align:start position:0% sheet and do pretty much this Devil's 00:17:21.120 --> 00:17:24.590 align:start position:0% sheet and do pretty much this Devil's pack<00:17:22.120> that's<00:17:22.319> going<00:17:22.559> to<00:17:22.720> drain<00:17:23.079> that<00:17:23.600> energy 00:17:24.590 --> 00:17:24.600 align:start position:0% pack that's going to drain that energy 00:17:24.600 --> 00:17:29.630 align:start position:0% pack that's going to drain that energy um<00:17:25.079> so<00:17:25.720> again<00:17:26.720> my<00:17:27.480> recommendation<00:17:28.480> is<00:17:29.000> unless 00:17:29.630 --> 00:17:29.640 align:start position:0% um so again my recommendation is unless 00:17:29.640 --> 00:17:33.870 align:start position:0% um so again my recommendation is unless you<00:17:30.160> are<00:17:31.160> extremely<00:17:31.720> sure<00:17:32.160> and<00:17:32.480> well<00:17:33.039> advised 00:17:33.870 --> 00:17:33.880 align:start position:0% you are extremely sure and well advised 00:17:33.880 --> 00:17:36.669 align:start position:0% you are extremely sure and well advised and<00:17:34.160> well<00:17:34.559> contained<00:17:35.559> on<00:17:35.840> what<00:17:36.000> you<00:17:36.480> what<00:17:36.600> you 00:17:36.669 --> 00:17:36.679 align:start position:0% and well contained on what you what you 00:17:36.679 --> 00:17:39.950 align:start position:0% and well contained on what you what you are<00:17:36.880> signing<00:17:37.240> up<00:17:37.440> for<00:17:38.280> just 00:17:39.950 --> 00:17:39.960 align:start position:0% are signing up for just 00:17:39.960 --> 00:17:43.669 align:start position:0% are signing up for just chill<00:17:40.960> and<00:17:41.600> continue<00:17:42.120> your<00:17:42.400> crypto<00:17:42.799> Journey 00:17:43.669 --> 00:17:43.679 align:start position:0% chill and continue your crypto Journey 00:17:43.679 --> 00:17:45.430 align:start position:0% chill and continue your crypto Journey because<00:17:44.080> right<00:17:44.200> now<00:17:44.400> the<00:17:44.559> EOS<00:17:44.919> system<00:17:45.240> and 00:17:45.430 --> 00:17:45.440 align:start position:0% because right now the EOS system and 00:17:45.440 --> 00:17:47.669 align:start position:0% because right now the EOS system and everything<00:17:45.799> around<00:17:46.120> is<00:17:46.280> such<00:17:46.440> a<00:17:46.679> mindfield 00:17:47.669 --> 00:17:47.679 align:start position:0% everything around is such a mindfield 00:17:47.679 --> 00:17:51.510 align:start position:0% everything around is such a mindfield that<00:17:47.880> your<00:17:48.280> chances<00:17:48.679> of<00:17:49.320> survival<00:17:50.320> are<00:17:51.080> so 00:17:51.510 --> 00:17:51.520 align:start position:0% that your chances of survival are so 00:17:51.520 --> 00:17:54.270 align:start position:0% that your chances of survival are so little<00:17:52.480> that<00:17:52.679> the<00:17:52.880> trade<00:17:53.280> off<00:17:53.600> the<00:17:53.760> the<00:17:53.919> risk 00:17:54.270 --> 00:17:54.280 align:start position:0% little that the trade off the the risk 00:17:54.280 --> 00:17:58.510 align:start position:0% little that the trade off the the risk reward<00:17:54.799> ratio<00:17:55.520> is<00:17:55.720> not<00:17:55.960> worth<00:17:56.200> it<00:17:57.120> um<00:17:57.440> now<00:17:58.400> I 00:17:58.510 --> 00:17:58.520 align:start position:0% reward ratio is not worth it um now I 00:17:58.520 --> 00:18:00.870 align:start position:0% reward ratio is not worth it um now I don't<00:17:58.679> have<00:17:58.880> have<00:17:59.039> much<00:17:59.240> time<00:17:59.600> so<00:18:00.240> I<00:18:00.320> will<00:18:00.679> come 00:18:00.870 --> 00:18:00.880 align:start position:0% don't have have much time so I will come 00:18:00.880 --> 00:18:03.070 align:start position:0% don't have have much time so I will come up<00:18:01.080> with<00:18:01.200> a<00:18:01.320> couple<00:18:02.280> before<00:18:02.559> the<00:18:02.720> questions 00:18:03.070 --> 00:18:03.080 align:start position:0% up with a couple before the questions 00:18:03.080 --> 00:18:06.390 align:start position:0% up with a couple before the questions with<00:18:03.240> a<00:18:03.320> couple<00:18:03.600> housekeeping<00:18:04.400> items<00:18:05.400> um<00:18:06.240> I 00:18:06.390 --> 00:18:06.400 align:start position:0% with a couple housekeeping items um I 00:18:06.400 --> 00:18:08.750 align:start position:0% with a couple housekeeping items um I plan<00:18:06.679> on<00:18:07.159> doubling<00:18:07.679> down<00:18:07.919> on<00:18:08.080> the<00:18:08.200> contents<00:18:08.600> of 00:18:08.750 --> 00:18:08.760 align:start position:0% plan on doubling down on the contents of 00:18:08.760 --> 00:18:10.990 align:start position:0% plan on doubling down on the contents of this<00:18:08.919> talk<00:18:09.159> in<00:18:09.320> an<00:18:09.640> upcoming<00:18:10.159> conference<00:18:10.880> I 00:18:10.990 --> 00:18:11.000 align:start position:0% this talk in an upcoming conference I 00:18:11.000 --> 00:18:14.070 align:start position:0% this talk in an upcoming conference I don't<00:18:11.159> know<00:18:11.440> which<00:18:11.640> one<00:18:11.919> is<00:18:12.120> going<00:18:12.320> to<00:18:12.520> be<00:18:13.400> um 00:18:14.070 --> 00:18:14.080 align:start position:0% don't know which one is going to be um 00:18:14.080 --> 00:18:17.750 align:start position:0% don't know which one is going to be um but<00:18:14.760> hopefully<00:18:15.760> what<00:18:16.039> comes<00:18:16.520> next<00:18:16.880> after<00:18:17.280> this 00:18:17.750 --> 00:18:17.760 align:start position:0% but hopefully what comes next after this 00:18:17.760 --> 00:18:19.950 align:start position:0% but hopefully what comes next after this we<00:18:17.880> will<00:18:18.080> cover<00:18:18.400> sometime<00:18:18.880> in 00:18:19.950 --> 00:18:19.960 align:start position:0% we will cover sometime in 00:18:19.960 --> 00:18:22.590 align:start position:0% we will cover sometime in 2025<00:18:20.960> um<00:18:21.240> of<00:18:21.360> course<00:18:21.640> I'm<00:18:21.919> I'm<00:18:22.039> very<00:18:22.240> keen<00:18:22.440> on 00:18:22.590 --> 00:18:22.600 align:start position:0% 2025 um of course I'm I'm very keen on 00:18:22.600 --> 00:18:24.590 align:start position:0% 2025 um of course I'm I'm very keen on answering<00:18:23.039> questions<00:18:23.760> but<00:18:23.919> I<00:18:24.039> also<00:18:24.320> want<00:18:24.480> you 00:18:24.590 --> 00:18:24.600 align:start position:0% answering questions but I also want you 00:18:24.600 --> 00:18:26.630 align:start position:0% answering questions but I also want you to<00:18:24.760> know<00:18:25.000> that<00:18:25.200> because<00:18:25.480> you<00:18:25.720> came<00:18:26.000> and<00:18:26.200> listen 00:18:26.630 --> 00:18:26.640 align:start position:0% to know that because you came and listen 00:18:26.640 --> 00:18:29.549 align:start position:0% to know that because you came and listen to<00:18:26.840> all<00:18:27.039> this<00:18:27.280> rant<00:18:27.960> that<00:18:28.120> I<00:18:28.280> had<00:18:28.480> prepared 00:18:29.549 --> 00:18:29.559 align:start position:0% to all this rant that I had prepared 00:18:29.559 --> 00:18:32.430 align:start position:0% to all this rant that I had prepared um<00:18:29.679> you're<00:18:29.960> going<00:18:30.039> to<00:18:30.400> be<00:18:31.400> part<00:18:31.600> of<00:18:31.760> a<00:18:31.919> pup<00:18:32.360> that 00:18:32.430 --> 00:18:32.440 align:start position:0% um you're going to be part of a pup that 00:18:32.440 --> 00:18:35.630 align:start position:0% um you're going to be part of a pup that we<00:18:32.559> will<00:18:32.720> all<00:18:32.880> share<00:18:33.799> and<00:18:34.000> that<00:18:34.159> pup<00:18:34.600> can<00:18:34.840> be 00:18:35.630 --> 00:18:35.640 align:start position:0% we will all share and that pup can be 00:18:35.640 --> 00:18:39.270 align:start position:0% we will all share and that pup can be minted<00:18:36.640> um<00:18:36.960> using<00:18:37.240> two<00:18:37.960> mechanisms<00:18:38.960> one<00:18:39.120> it's 00:18:39.270 --> 00:18:39.280 align:start position:0% minted um using two mechanisms one it's 00:18:39.280 --> 00:18:41.630 align:start position:0% minted um using two mechanisms one it's a<00:18:39.440> secret<00:18:39.799> word<00:18:40.320> that<00:18:40.480> you<00:18:40.600> just<00:18:40.840> Ty<00:18:41.039> in<00:18:41.159> the<00:18:41.320> PO 00:18:41.630 --> 00:18:41.640 align:start position:0% a secret word that you just Ty in the PO 00:18:41.640 --> 00:18:44.350 align:start position:0% a secret word that you just Ty in the PO up<00:18:41.919> and<00:18:42.039> that<00:18:42.200> secret<00:18:42.559> word<00:18:42.799> is<00:18:43.360> Collectibles 00:18:44.350 --> 00:18:44.360 align:start position:0% up and that secret word is Collectibles 00:18:44.360 --> 00:18:45.830 align:start position:0% up and that secret word is Collectibles the<00:18:44.480> other<00:18:44.679> one<00:18:44.880> if<00:18:44.960> you<00:18:45.039> don't<00:18:45.200> have<00:18:45.320> the<00:18:45.520> PO 00:18:45.830 --> 00:18:45.840 align:start position:0% the other one if you don't have the PO 00:18:45.840 --> 00:18:48.510 align:start position:0% the other one if you don't have the PO app<00:18:46.440> is<00:18:46.799> that<00:18:47.039> QR<00:18:47.400> code<00:18:47.960> which<00:18:48.120> I'm<00:18:48.280> going<00:18:48.360> to 00:18:48.510 --> 00:18:48.520 align:start position:0% app is that QR code which I'm going to 00:18:48.520 --> 00:19:00.789 align:start position:0% app is that QR code which I'm going to try<00:18:48.720> to<00:18:48.960> scan<00:18:49.400> now<00:18:49.640> if<00:18:49.760> you<00:18:49.880> don't<00:18:50.120> mind 00:19:00.789 --> 00:19:00.799 align:start position:0% 00:19:00.799 --> 00:19:02.750 align:start position:0% this<00:19:01.000> poab<00:19:01.360> can<00:19:01.520> only<00:19:01.760> be<00:19:01.960> minted<00:19:02.440> while<00:19:02.640> we 00:19:02.750 --> 00:19:02.760 align:start position:0% this poab can only be minted while we 00:19:02.760 --> 00:19:06.310 align:start position:0% this poab can only be minted while we are<00:19:03.080> here<00:19:04.080> it<00:19:04.200> looks<00:19:04.440> like<00:19:04.640> mine<00:19:04.880> is<00:19:05.320> minting 00:19:06.310 --> 00:19:06.320 align:start position:0% are here it looks like mine is minting 00:19:06.320 --> 00:19:08.110 align:start position:0% are here it looks like mine is minting um<00:19:06.559> but<00:19:06.679> then<00:19:06.880> there's<00:19:07.039> going<00:19:07.159> to<00:19:07.280> be<00:19:07.520> another 00:19:08.110 --> 00:19:08.120 align:start position:0% um but then there's going to be another 00:19:08.120 --> 00:19:10.230 align:start position:0% um but then there's going to be another po<00:19:09.120> uh<00:19:09.240> for<00:19:09.440> those<00:19:09.600> that<00:19:09.720> are<00:19:09.840> watching<00:19:10.120> the 00:19:10.230 --> 00:19:10.240 align:start position:0% po uh for those that are watching the 00:19:10.240 --> 00:19:12.110 align:start position:0% po uh for those that are watching the live<00:19:10.480> stream<00:19:10.679> or<00:19:10.799> the<00:19:10.960> recording<00:19:11.799> which<00:19:11.919> is 00:19:12.110 --> 00:19:12.120 align:start position:0% live stream or the recording which is 00:19:12.120 --> 00:19:15.950 align:start position:0% live stream or the recording which is going<00:19:12.200> to<00:19:12.360> be<00:19:12.520> for<00:19:12.799> sale<00:19:13.320> for<00:19:14.400> 01<00:19:15.400> e<00:19:15.760> or 00:19:15.950 --> 00:19:15.960 align:start position:0% going to be for sale for 01 e or 00:19:15.960 --> 00:19:17.789 align:start position:0% going to be for sale for 01 e or something<00:19:16.280> with<00:19:16.400> the<00:19:16.559> proceeds<00:19:17.000> going<00:19:17.280> to<00:19:17.600> the 00:19:17.789 --> 00:19:17.799 align:start position:0% something with the proceeds going to the 00:19:17.799 --> 00:19:20.950 align:start position:0% something with the proceeds going to the nonprofit<00:19:18.480> Foundation<00:19:19.200> it's<00:19:19.520> taker<00:19:20.520> so<00:19:20.799> I'm 00:19:20.950 --> 00:19:20.960 align:start position:0% nonprofit Foundation it's taker so I'm 00:19:20.960 --> 00:19:22.430 align:start position:0% nonprofit Foundation it's taker so I'm going<00:19:21.080> to<00:19:21.280> get<00:19:21.400> to<00:19:21.559> the<00:19:21.640> other<00:19:21.919> slide<00:19:22.200> and<00:19:22.280> I'll 00:19:22.430 --> 00:19:22.440 align:start position:0% going to get to the other slide and I'll 00:19:22.440 --> 00:19:24.630 align:start position:0% going to get to the other slide and I'll leave<00:19:22.600> it<00:19:22.679> for<00:19:22.840> a<00:19:22.960> few 00:19:24.630 --> 00:19:24.640 align:start position:0% leave it for a few 00:19:24.640 --> 00:19:28.190 align:start position:0% leave it for a few seconds<00:19:25.640> um<00:19:26.039> this<00:19:26.159> is<00:19:26.400> called<00:19:26.799> an<00:19:27.120> Airship<00:19:28.120> uh 00:19:28.190 --> 00:19:28.200 align:start position:0% seconds um this is called an Airship uh 00:19:28.200 --> 00:19:30.470 align:start position:0% seconds um this is called an Airship uh and<00:19:28.360> it<00:19:28.760> Plains<00:19:29.080> where<00:19:29.240> to<00:19:29.360> set<00:19:29.600> the<00:19:29.720> funds<00:19:30.280> and 00:19:30.470 --> 00:19:30.480 align:start position:0% and it Plains where to set the funds and 00:19:30.480 --> 00:19:32.070 align:start position:0% and it Plains where to set the funds and the<00:19:30.640> PO<00:19:30.880> that<00:19:31.000> you<00:19:31.080> will<00:19:31.360> get<00:19:31.559> and<00:19:31.720> some<00:19:31.880> other 00:19:32.070 --> 00:19:32.080 align:start position:0% the PO that you will get and some other 00:19:32.080 --> 00:19:33.510 align:start position:0% the PO that you will get and some other fun<00:19:32.360> stuff<00:19:32.600> this<00:19:32.720> is<00:19:32.840> not<00:19:33.000> particularly<00:19:33.360> for 00:19:33.510 --> 00:19:33.520 align:start position:0% fun stuff this is not particularly for 00:19:33.520 --> 00:19:36.590 align:start position:0% fun stuff this is not particularly for you<00:19:33.640> to<00:19:33.760> read<00:19:34.000> it's<00:19:34.200> mostly<00:19:34.840> so<00:19:35.120> it<00:19:35.240> is<00:19:35.440> on 00:19:36.590 --> 00:19:36.600 align:start position:0% you to read it's mostly so it is on 00:19:36.600 --> 00:19:39.190 align:start position:0% you to read it's mostly so it is on video<00:19:37.600> and<00:19:37.840> the<00:19:37.960> last<00:19:38.159> housekeeping<00:19:38.720> item 00:19:39.190 --> 00:19:39.200 align:start position:0% video and the last housekeeping item 00:19:39.200 --> 00:19:41.110 align:start position:0% video and the last housekeeping item which<00:19:39.320> is<00:19:39.440> a<00:19:39.600> fun<00:19:39.960> New<00:19:40.240> Lounge<00:19:40.720> that<00:19:40.840> we<00:19:40.960> are 00:19:41.110 --> 00:19:41.120 align:start position:0% which is a fun New Lounge that we are 00:19:41.120 --> 00:19:43.190 align:start position:0% which is a fun New Lounge that we are doing<00:19:41.799> uh 00:19:43.190 --> 00:19:43.200 align:start position:0% doing uh 00:19:43.200 --> 00:19:47.590 align:start position:0% doing uh today<00:19:44.200> it's<00:19:44.400> a<00:19:44.679> shps<00:19:45.440> minting<00:19:46.440> um<00:19:47.000> this<00:19:47.159> is<00:19:47.320> a 00:19:47.590 --> 00:19:47.600 align:start position:0% today it's a shps minting um this is a 00:19:47.600 --> 00:19:49.549 align:start position:0% today it's a shps minting um this is a way<00:19:47.799> for<00:19:48.039> minting<00:19:48.360> a<00:19:48.520> power<00:19:48.919> bound<00:19:49.240> to<00:19:49.400> a 00:19:49.549 --> 00:19:49.559 align:start position:0% way for minting a power bound to a 00:19:49.559 --> 00:19:52.230 align:start position:0% way for minting a power bound to a geographical<00:19:50.280> location<00:19:51.159> this<00:19:51.280> one<00:19:51.480> is 00:19:52.230 --> 00:19:52.240 align:start position:0% geographical location this one is 00:19:52.240 --> 00:19:54.470 align:start position:0% geographical location this one is configured<00:19:53.240> um<00:19:53.440> for<00:19:53.679> anyone<00:19:54.039> that's<00:19:54.200> on<00:19:54.320> the 00:19:54.470 --> 00:19:54.480 align:start position:0% configured um for anyone that's on the 00:19:54.480 --> 00:19:57.950 align:start position:0% configured um for anyone that's on the range<00:19:54.840> of<00:19:55.080> 7<00:19:55.440> kilom<00:19:56.360> from<00:19:56.640> this<00:19:56.840> venue<00:19:57.600> so<00:19:57.799> I 00:19:57.950 --> 00:19:57.960 align:start position:0% range of 7 kilom from this venue so I 00:19:57.960 --> 00:19:59.750 align:start position:0% range of 7 kilom from this venue so I encourage<00:19:58.320> everyone<00:19:58.799> to<00:19:58.960> do<00:19:59.159> the<00:19:59.400> scan 00:19:59.750 --> 00:19:59.760 align:start position:0% encourage everyone to do the scan 00:19:59.760 --> 00:20:02.310 align:start position:0% encourage everyone to do the scan location<00:20:00.240> button<00:20:00.559> in<00:20:00.679> the<00:20:00.799> PowerUp<00:20:01.480> get<00:20:02.039> that 00:20:02.310 --> 00:20:02.320 align:start position:0% location button in the PowerUp get that 00:20:02.320 --> 00:20:06.430 align:start position:0% location button in the PowerUp get that really<00:20:02.760> fun<00:20:03.400> PowerUp<00:20:04.400> and<00:20:04.679> hopefully<00:20:05.320> one<00:20:06.159> of 00:20:06.430 --> 00:20:06.440 align:start position:0% really fun PowerUp and hopefully one of 00:20:06.440 --> 00:20:09.630 align:start position:0% really fun PowerUp and hopefully one of the<00:20:06.919> all<00:20:07.120> the<00:20:07.280> MS<00:20:07.840> randomly<00:20:08.400> picked<00:20:09.280> um<00:20:09.480> is 00:20:09.630 --> 00:20:09.640 align:start position:0% the all the MS randomly picked um is 00:20:09.640 --> 00:20:13.549 align:start position:0% the all the MS randomly picked um is going<00:20:09.760> to<00:20:09.919> win<00:20:10.200> one<00:20:10.679> e<00:20:11.679> um<00:20:12.039> so<00:20:12.320> with<00:20:12.559> that<00:20:13.440> I 00:20:13.549 --> 00:20:13.559 align:start position:0% going to win one e um so with that I 00:20:13.559 --> 00:20:17.549 align:start position:0% going to win one e um so with that I think<00:20:13.880> we<00:20:14.039> can<00:20:14.280> move<00:20:14.559> up<00:20:14.760> to<00:20:14.919> the 00:20:17.549 --> 00:20:17.559 align:start position:0% 00:20:17.559 --> 00:20:20.230 align:start position:0% questions<00:20:18.559> all<00:20:18.720> right<00:20:19.039> awesome<00:20:19.559> awesome 00:20:20.230 --> 00:20:20.240 align:start position:0% questions all right awesome awesome 00:20:20.240 --> 00:20:22.750 align:start position:0% questions all right awesome awesome let's<00:20:20.480> go<00:20:20.640> to<00:20:20.799> the<00:20:20.960> Q&A<00:20:21.400> you<00:20:21.600> guys<00:20:22.080> we<00:20:22.280> have<00:20:22.559> the 00:20:22.750 --> 00:20:22.760 align:start position:0% let's go to the Q&A you guys we have the 00:20:22.760 --> 00:20:26.350 align:start position:0% let's go to the Q&A you guys we have the QR<00:20:23.159> code<00:20:23.559> on<00:20:23.840> the<00:20:24.320> on<00:20:24.440> your<00:20:24.720> right<00:20:25.039> side<00:20:25.559> and 00:20:26.350 --> 00:20:26.360 align:start position:0% QR code on the on your right side and 00:20:26.360 --> 00:20:28.430 align:start position:0% QR code on the on your right side and send<00:20:26.960> him<00:20:27.159> the<00:20:27.360> question<00:20:27.840> whatever<00:20:28.120> you<00:20:28.280> have 00:20:28.430 --> 00:20:28.440 align:start position:0% send him the question whatever you have 00:20:28.440 --> 00:20:30.149 align:start position:0% send him the question whatever you have question<00:20:28.679> question<00:20:28.919> for<00:20:29.080> him<00:20:29.640> are<00:20:29.799> you<00:20:30.000> ready 00:20:30.149 --> 00:20:30.159 align:start position:0% question question for him are you ready 00:20:30.159 --> 00:20:36.230 align:start position:0% question question for him are you ready for<00:20:30.280> the<00:20:30.760> question<00:20:31.760> I<00:20:31.880> am<00:20:32.600> all<00:20:32.799> right<00:20:33.080> let's 00:20:36.230 --> 00:20:36.240 align:start position:0% 00:20:36.240 --> 00:20:39.590 align:start position:0% go<00:20:37.240> so<00:20:37.640> we<00:20:37.760> can<00:20:38.080> have<00:20:38.360> so<00:20:38.600> many<00:20:38.919> question<00:20:39.320> here 00:20:39.590 --> 00:20:39.600 align:start position:0% go so we can have so many question here 00:20:39.600 --> 00:20:41.350 align:start position:0% go so we can have so many question here and<00:20:39.760> if<00:20:39.919> you<00:20:40.159> already<00:20:40.600> have<00:20:40.760> some<00:20:41.000> question 00:20:41.350 --> 00:20:41.360 align:start position:0% and if you already have some question 00:20:41.360 --> 00:20:43.630 align:start position:0% and if you already have some question that<00:20:41.679> people<00:20:42.080> ask<00:20:42.320> for<00:20:42.559> that<00:20:42.840> you<00:20:42.960> can<00:20:43.240> just 00:20:43.630 --> 00:20:43.640 align:start position:0% that people ask for that you can just 00:20:43.640 --> 00:20:44.789 align:start position:0% that people ask for that you can just upboard 00:20:44.789 --> 00:20:44.799 align:start position:0% upboard 00:20:44.799 --> 00:20:48.149 align:start position:0% upboard it<00:20:46.039> anyone<00:20:47.039> I<00:20:47.159> mean<00:20:47.320> he<00:20:47.440> did<00:20:47.640> really<00:20:47.840> great 00:20:48.149 --> 00:20:48.159 align:start position:0% it anyone I mean he did really great 00:20:48.159 --> 00:20:50.149 align:start position:0% it anyone I mean he did really great presentation<00:20:48.760> right<00:20:48.880> there's<00:20:49.120> no<00:20:49.360> question 00:20:50.149 --> 00:20:50.159 align:start position:0% presentation right there's no question 00:20:50.159 --> 00:20:54.549 align:start position:0% presentation right there's no question for<00:20:50.480> him<00:20:51.039> at 00:20:54.549 --> 00:20:54.559 align:start position:0% 00:20:54.559 --> 00:20:57.870 align:start position:0% all<00:20:55.559> all<00:20:55.679> right<00:20:56.039> don't<00:20:56.200> be<00:20:56.360> shy<00:20:57.000> yeah<00:20:57.600> and<00:20:57.760> and 00:20:57.870 --> 00:20:57.880 align:start position:0% all all right don't be shy yeah and and 00:20:57.880 --> 00:20:59.830 align:start position:0% all all right don't be shy yeah and and you<00:20:58.159> guys<00:20:58.440> have<00:20:58.640> have<00:20:58.760> the<00:20:58.880> p<00:20:59.080> app<00:20:59.320> apps<00:20:59.640> don't 00:20:59.830 --> 00:20:59.840 align:start position:0% you guys have have the p app apps don't 00:20:59.840 --> 00:21:01.750 align:start position:0% you guys have have the p app apps don't forget<00:21:00.080> to<00:21:00.200> use<00:21:00.360> the<00:21:00.520> scan<00:21:00.799> the<00:21:01.000> location<00:21:01.640> and 00:21:01.750 --> 00:21:01.760 align:start position:0% forget to use the scan the location and 00:21:01.760 --> 00:21:04.590 align:start position:0% forget to use the scan the location and you<00:21:01.880> can<00:21:02.080> get<00:21:02.240> the<00:21:02.400> p<00:21:02.640> app<00:21:03.440> like<00:21:03.720> from<00:21:04.000> Bangkok 00:21:04.590 --> 00:21:04.600 align:start position:0% you can get the p app like from Bangkok 00:21:04.600 --> 00:21:07.190 align:start position:0% you can get the p app like from Bangkok here<00:21:05.240> right<00:21:05.880> yeah<00:21:06.640> and<00:21:06.760> of<00:21:06.880> course<00:21:07.080> I'm 00:21:07.190 --> 00:21:07.200 align:start position:0% here right yeah and of course I'm 00:21:07.200 --> 00:21:09.750 align:start position:0% here right yeah and of course I'm planning<00:21:07.440> on<00:21:07.559> being<00:21:07.760> around<00:21:08.039> the<00:21:08.200> venue<00:21:09.200> um<00:21:09.480> so 00:21:09.750 --> 00:21:09.760 align:start position:0% planning on being around the venue um so 00:21:09.760 --> 00:21:11.750 align:start position:0% planning on being around the venue um so if<00:21:10.000> whatever<00:21:10.320> you<00:21:10.480> want<00:21:10.720> to<00:21:10.960> talk<00:21:11.440> send<00:21:11.600> a 00:21:11.750 --> 00:21:11.760 align:start position:0% if whatever you want to talk send a 00:21:11.760 --> 00:21:13.549 align:start position:0% if whatever you want to talk send a question<00:21:12.120> can<00:21:12.200> you<00:21:12.320> send<00:21:12.520> a<00:21:12.720> question<00:21:13.039> to<00:21:13.360> this 00:21:13.549 --> 00:21:13.559 align:start position:0% question can you send a question to this 00:21:13.559 --> 00:21:16.110 align:start position:0% question can you send a question to this one<00:21:13.880> so<00:21:14.120> people<00:21:14.360> can<00:21:14.600> can<00:21:14.760> see<00:21:15.600> the<00:21:15.760> question 00:21:16.110 --> 00:21:16.120 align:start position:0% one so people can can see the question 00:21:16.120 --> 00:21:18.590 align:start position:0% one so people can can see the question too<00:21:16.600> so<00:21:16.760> you<00:21:16.919> can<00:21:17.120> use<00:21:17.640> the<00:21:17.799> camera<00:21:18.080> to<00:21:18.240> scan 00:21:18.590 --> 00:21:18.600 align:start position:0% too so you can use the camera to scan 00:21:18.600 --> 00:21:20.230 align:start position:0% too so you can use the camera to scan this<00:21:19.039> and<00:21:19.159> you<00:21:19.320> send<00:21:19.559> the<00:21:19.720> question<00:21:20.000> through 00:21:20.230 --> 00:21:20.240 align:start position:0% this and you send the question through 00:21:20.240 --> 00:21:21.950 align:start position:0% this and you send the question through the 00:21:21.950 --> 00:21:21.960 align:start position:0% the 00:21:21.960 --> 00:21:29.149 align:start position:0% the screen<00:21:22.960> is<00:21:23.120> that<00:21:23.400> working 00:21:29.149 --> 00:21:29.159 align:start position:0% 00:21:29.159 --> 00:21:36.310 align:start position:0% all<00:21:29.320> right<00:21:29.960> one<00:21:30.279> second<00:21:30.679> maybe<00:21:30.919> we<00:21:31.039> can<00:21:31.600> get<00:21:32.600> oh 00:21:36.310 --> 00:21:36.320 align:start position:0% 00:21:36.320 --> 00:21:40.029 align:start position:0% my<00:21:37.320> okay<00:21:38.080> his<00:21:38.360> microphone's<00:21:39.000> right 00:21:40.029 --> 00:21:40.039 align:start position:0% my okay his microphone's right 00:21:40.039 --> 00:21:43.190 align:start position:0% my okay his microphone's right here<00:21:41.039> oh<00:21:41.520> who<00:21:41.679> want<00:21:41.799> to<00:21:41.960> ask<00:21:42.080> a<00:21:42.279> question<00:21:43.000> see 00:21:43.190 --> 00:21:43.200 align:start position:0% here oh who want to ask a question see 00:21:43.200 --> 00:21:46.669 align:start position:0% here oh who want to ask a question see that<00:21:43.400> guy<00:21:44.159> okay<00:21:45.159> uh<00:21:45.360> just<00:21:45.480> a<00:21:45.679> logistical<00:21:46.360> thing 00:21:46.669 --> 00:21:46.679 align:start position:0% that guy okay uh just a logistical thing 00:21:46.679 --> 00:21:49.750 align:start position:0% that guy okay uh just a logistical thing how<00:21:46.799> do<00:21:46.919> you<00:21:47.159> choose<00:21:48.080> um<00:21:49.080> like<00:21:49.279> how<00:21:49.400> do<00:21:49.520> you<00:21:49.600> do 00:21:49.750 --> 00:21:49.760 align:start position:0% how do you choose um like how do you do 00:21:49.760 --> 00:21:51.909 align:start position:0% how do you choose um like how do you do the<00:21:49.960> randomness<00:21:50.520> of<00:21:50.679> the<00:21:50.840> function<00:21:51.440> to<00:21:51.720> pick 00:21:51.909 --> 00:21:51.919 align:start position:0% the randomness of the function to pick 00:21:51.919 --> 00:21:53.750 align:start position:0% the randomness of the function to pick the<00:21:52.039> winner<00:21:52.320> of<00:21:52.520> the<00:21:52.640> one<00:21:52.919> if<00:21:53.240> like<00:21:53.400> is<00:21:53.520> it 00:21:53.750 --> 00:21:53.760 align:start position:0% the winner of the one if like is it 00:21:53.760 --> 00:21:56.029 align:start position:0% the winner of the one if like is it chain<00:21:54.080> link<00:21:54.400> is<00:21:54.520> it<00:21:54.679> onchain<00:21:55.480> are<00:21:55.600> you<00:21:55.720> using 00:21:56.029 --> 00:21:56.039 align:start position:0% chain link is it onchain are you using 00:21:56.039 --> 00:21:59.070 align:start position:0% chain link is it onchain are you using any<00:21:56.799> hand<00:21:57.799> I<00:21:57.919> love<00:21:58.120> this<00:21:58.240> question 00:21:59.070 --> 00:21:59.080 align:start position:0% any hand I love this question 00:21:59.080 --> 00:22:00.549 align:start position:0% any hand I love this question uh<00:21:59.200> you<00:21:59.279> know<00:21:59.480> why<00:21:59.600> I<00:21:59.720> love<00:21:59.880> it<00:22:00.120> because<00:22:00.400> we 00:22:00.549 --> 00:22:00.559 align:start position:0% uh you know why I love it because we 00:22:00.559 --> 00:22:02.390 align:start position:0% uh you know why I love it because we have<00:22:00.720> worked<00:22:01.080> really<00:22:01.320> hard<00:22:01.760> for<00:22:01.960> the<00:22:02.120> system 00:22:02.390 --> 00:22:02.400 align:start position:0% have worked really hard for the system 00:22:02.400 --> 00:22:04.909 align:start position:0% have worked really hard for the system to<00:22:02.520> be<00:22:02.720> probably<00:22:03.320> verifiable<00:22:04.320> um<00:22:04.520> we<00:22:04.640> didn't 00:22:04.909 --> 00:22:04.919 align:start position:0% to be probably verifiable um we didn't 00:22:04.919 --> 00:22:07.950 align:start position:0% to be probably verifiable um we didn't want<00:22:05.120> this<00:22:05.320> to<00:22:05.480> be<00:22:05.799> like<00:22:06.120> yeah<00:22:06.760> he<00:22:07.000> has<00:22:07.240> one<00:22:07.799> so 00:22:07.950 --> 00:22:07.960 align:start position:0% want this to be like yeah he has one so 00:22:07.960 --> 00:22:10.950 align:start position:0% want this to be like yeah he has one so we<00:22:08.039> use<00:22:08.200> a<00:22:08.360> product<00:22:08.760> called<00:22:09.360> uh<00:22:09.559> po.<00:22:10.120> fun<00:22:10.559> po. 00:22:10.950 --> 00:22:10.960 align:start position:0% we use a product called uh po. fun po. 00:22:10.960 --> 00:22:12.710 align:start position:0% we use a product called uh po. fun po. fun<00:22:11.159> is<00:22:11.240> an<00:22:11.400> open<00:22:11.640> source<00:22:11.919> software<00:22:12.440> it's<00:22:12.559> not 00:22:12.710 --> 00:22:12.720 align:start position:0% fun is an open source software it's not 00:22:12.720 --> 00:22:14.750 align:start position:0% fun is an open source software it's not set<00:22:13.159> yet<00:22:13.320> you<00:22:13.400> can<00:22:13.520> check<00:22:13.720> it<00:22:13.840> out<00:22:14.320> but<00:22:14.440> it's<00:22:14.640> an 00:22:14.750 --> 00:22:14.760 align:start position:0% set yet you can check it out but it's an 00:22:14.760 --> 00:22:18.830 align:start position:0% set yet you can check it out but it's an open<00:22:14.960> source<00:22:15.559> software<00:22:16.559> um<00:22:16.840> on<00:22:17.240> which<00:22:18.240> um<00:22:18.600> the 00:22:18.830 --> 00:22:18.840 align:start position:0% open source software um on which um the 00:22:18.840 --> 00:22:22.070 align:start position:0% open source software um on which um the system<00:22:19.760> gets<00:22:20.039> all<00:22:20.240> the<00:22:20.400> poops<00:22:20.799> ID<00:22:21.679> and<00:22:21.880> those 00:22:22.070 --> 00:22:22.080 align:start position:0% system gets all the poops ID and those 00:22:22.080 --> 00:22:24.990 align:start position:0% system gets all the poops ID and those IDs<00:22:22.440> are<00:22:22.799> tickets<00:22:23.120> for<00:22:23.279> a<00:22:23.440> raffle<00:22:24.440> and<00:22:24.720> at<00:22:24.840> a 00:22:24.990 --> 00:22:25.000 align:start position:0% IDs are tickets for a raffle and at a 00:22:25.000 --> 00:22:27.549 align:start position:0% IDs are tickets for a raffle and at a given<00:22:25.400> time<00:22:26.039> there<00:22:26.159> is<00:22:26.279> a<00:22:26.520> little<00:22:26.840> super<00:22:27.159> basic 00:22:27.549 --> 00:22:27.559 align:start position:0% given time there is a little super basic 00:22:27.559 --> 00:22:32.430 align:start position:0% given time there is a little super basic formula<00:22:28.919> um<00:22:29.880> that<00:22:30.080> uses<00:22:30.760> the<00:22:31.000> gas<00:22:31.440> usage<00:22:32.159> of<00:22:32.279> a 00:22:32.430 --> 00:22:32.440 align:start position:0% formula um that uses the gas usage of a 00:22:32.440 --> 00:22:36.029 align:start position:0% formula um that uses the gas usage of a series<00:22:32.720> of<00:22:33.080> log<00:22:34.080> and<00:22:34.600> when<00:22:34.880> the<00:22:35.120> number<00:22:35.720> of<00:22:35.880> the 00:22:36.029 --> 00:22:36.039 align:start position:0% series of log and when the number of the 00:22:36.039 --> 00:22:39.029 align:start position:0% series of log and when the number of the gas<00:22:36.240> usage<00:22:36.760> matches<00:22:37.600> the<00:22:37.880> hash<00:22:38.279> or<00:22:38.520> the<00:22:38.679> number 00:22:39.029 --> 00:22:39.039 align:start position:0% gas usage matches the hash or the number 00:22:39.039 --> 00:22:41.669 align:start position:0% gas usage matches the hash or the number of<00:22:39.320> whatever<00:22:39.720> the<00:22:39.880> ticket<00:22:40.279> was<00:22:41.159> uh<00:22:41.360> that's<00:22:41.559> how 00:22:41.669 --> 00:22:41.679 align:start position:0% of whatever the ticket was uh that's how 00:22:41.679 --> 00:22:43.870 align:start position:0% of whatever the ticket was uh that's how it<00:22:41.799> makes<00:22:42.000> a<00:22:42.159> leaderboard<00:22:42.840> and<00:22:43.080> I<00:22:43.200> think<00:22:43.480> it<00:22:43.760> it 00:22:43.870 --> 00:22:43.880 align:start position:0% it makes a leaderboard and I think it it 00:22:43.880 --> 00:22:46.870 align:start position:0% it makes a leaderboard and I think it it does<00:22:44.240> like<00:22:44.720> knockdown<00:22:45.480> system<00:22:46.120> so<00:22:46.360> it's<00:22:46.760> it 00:22:46.870 --> 00:22:46.880 align:start position:0% does like knockdown system so it's it 00:22:46.880 --> 00:22:49.110 align:start position:0% does like knockdown system so it's it goes<00:22:47.159> knocking<00:22:47.440> down<00:22:47.679> people<00:22:47.880> and<00:22:48.080> the<00:22:48.279> last 00:22:49.110 --> 00:22:49.120 align:start position:0% goes knocking down people and the last 00:22:49.120 --> 00:22:51.630 align:start position:0% goes knocking down people and the last standing<00:22:49.440> winner<00:22:49.760> gets<00:22:49.919> a<00:22:50.120> priz<00:22:51.039> um<00:22:51.320> we 00:22:51.630 --> 00:22:51.640 align:start position:0% standing winner gets a priz um we 00:22:51.640 --> 00:22:53.470 align:start position:0% standing winner gets a priz um we specifically<00:22:52.279> wanted<00:22:52.679> the<00:22:52.840> system<00:22:53.120> to<00:22:53.240> be 00:22:53.470 --> 00:22:53.480 align:start position:0% specifically wanted the system to be 00:22:53.480 --> 00:22:55.870 align:start position:0% specifically wanted the system to be probably<00:22:53.880> verifiable<00:22:54.520> and<00:22:54.720> credibly<00:22:55.080> neutral 00:22:55.870 --> 00:22:55.880 align:start position:0% probably verifiable and credibly neutral 00:22:55.880 --> 00:22:57.669 align:start position:0% probably verifiable and credibly neutral because<00:22:56.159> otherwise<00:22:56.799> why<00:22:56.960> could<00:22:57.159> we<00:22:57.320> do<00:22:57.440> it<00:22:57.559> at 00:22:57.669 --> 00:22:57.679 align:start position:0% because otherwise why could we do it at 00:22:57.679 --> 00:22:59.110 align:start position:0% because otherwise why could we do it at all 00:22:59.110 --> 00:22:59.120 align:start position:0% all 00:22:59.120 --> 00:23:02.590 align:start position:0% all all<00:22:59.279> right<00:22:59.760> we<00:23:00.039> have<00:23:00.480> like<00:23:00.960> a<00:23:01.200> lot<00:23:01.400> of<00:23:01.720> question 00:23:02.590 --> 00:23:02.600 align:start position:0% all right we have like a lot of question 00:23:02.600 --> 00:23:04.789 align:start position:0% all right we have like a lot of question so<00:23:02.960> we<00:23:03.120> have<00:23:03.400> about<00:23:03.799> two<00:23:04.039> minute<00:23:04.360> a<00:23:04.440> little<00:23:04.640> bit 00:23:04.789 --> 00:23:04.799 align:start position:0% so we have about two minute a little bit 00:23:04.799 --> 00:23:07.510 align:start position:0% so we have about two minute a little bit so<00:23:05.000> let's<00:23:05.200> pick<00:23:05.400> a<00:23:05.480> few<00:23:05.760> question<00:23:06.279> you<00:23:06.360> can<00:23:06.600> see 00:23:07.510 --> 00:23:07.520 align:start position:0% so let's pick a few question you can see 00:23:07.520 --> 00:23:10.230 align:start position:0% so let's pick a few question you can see down<00:23:07.840> here<00:23:08.240> yeah<00:23:08.760> how<00:23:08.919> to<00:23:09.200> ask<00:23:09.600> to<00:23:09.760> the<00:23:09.919> VIS 00:23:10.230 --> 00:23:10.240 align:start position:0% down here yeah how to ask to the VIS 00:23:10.240 --> 00:23:13.870 align:start position:0% down here yeah how to ask to the VIS that<00:23:10.400> ask<00:23:10.559> for<00:23:10.760> token<00:23:11.480> I<00:23:11.600> think<00:23:12.520> if<00:23:12.720> you<00:23:13.520> don't 00:23:13.870 --> 00:23:13.880 align:start position:0% that ask for token I think if you don't 00:23:13.880 --> 00:23:16.070 align:start position:0% that ask for token I think if you don't have<00:23:14.080> a<00:23:14.279> very<00:23:14.600> good<00:23:14.799> answer<00:23:15.159> for<00:23:15.520> why<00:23:15.760> your 00:23:16.070 --> 00:23:16.080 align:start position:0% have a very good answer for why your 00:23:16.080 --> 00:23:18.110 align:start position:0% have a very good answer for why your product<00:23:16.360> needs<00:23:16.559> a<00:23:16.760> token<00:23:17.480> you<00:23:17.640> have<00:23:17.880> nothing 00:23:18.110 --> 00:23:18.120 align:start position:0% product needs a token you have nothing 00:23:18.120 --> 00:23:20.710 align:start position:0% product needs a token you have nothing to<00:23:18.279> do<00:23:18.440> with<00:23:18.600> tokens<00:23:19.240> and<00:23:19.440> you<00:23:19.720> just<00:23:20.120> have<00:23:20.279> to 00:23:20.710 --> 00:23:20.720 align:start position:0% to do with tokens and you just have to 00:23:20.720 --> 00:23:22.990 align:start position:0% to do with tokens and you just have to accept<00:23:21.720> that<00:23:21.880> you<00:23:22.039> shouldn't<00:23:22.480> take<00:23:22.640> funding 00:23:22.990 --> 00:23:23.000 align:start position:0% accept that you shouldn't take funding 00:23:23.000 --> 00:23:25.070 align:start position:0% accept that you shouldn't take funding from<00:23:23.200> that<00:23:23.400> BC<00:23:24.000> and<00:23:24.159> this<00:23:24.279> is<00:23:24.480> extremely 00:23:25.070 --> 00:23:25.080 align:start position:0% from that BC and this is extremely 00:23:25.080 --> 00:23:29.390 align:start position:0% from that BC and this is extremely painful<00:23:26.000> but<00:23:26.240> I<00:23:26.480> am<00:23:27.480> uh<00:23:28.000> pretty 00:23:29.390 --> 00:23:29.400 align:start position:0% painful but I am uh pretty 00:23:29.400 --> 00:23:31.470 align:start position:0% painful but I am uh pretty straightforward<00:23:30.400> you<00:23:30.559> don't<00:23:30.799> need<00:23:31.000> to<00:23:31.159> work 00:23:31.470 --> 00:23:31.480 align:start position:0% straightforward you don't need to work 00:23:31.480 --> 00:23:35.710 align:start position:0% straightforward you don't need to work with<00:23:32.039> BCS<00:23:33.039> that<00:23:33.840> uh<00:23:34.039> want<00:23:34.320> the<00:23:34.520> token<00:23:35.279> even<00:23:35.559> if 00:23:35.710 --> 00:23:35.720 align:start position:0% with BCS that uh want the token even if 00:23:35.720 --> 00:23:37.070 align:start position:0% with BCS that uh want the token even if that<00:23:35.840> means<00:23:36.080> that<00:23:36.200> you<00:23:36.320> cannot<00:23:36.600> run<00:23:36.840> your 00:23:37.070 --> 00:23:37.080 align:start position:0% that means that you cannot run your 00:23:37.080 --> 00:23:40.190 align:start position:0% that means that you cannot run your startup<00:23:37.720> if<00:23:37.840> your<00:23:38.159> startup<00:23:38.640> cannot<00:23:39.039> be<00:23:39.320> run 00:23:40.190 --> 00:23:40.200 align:start position:0% startup if your startup cannot be run 00:23:40.200 --> 00:23:42.310 align:start position:0% startup if your startup cannot be run without<00:23:40.520> a<00:23:40.720> token<00:23:41.080> if<00:23:41.200> you<00:23:41.400> cannot<00:23:41.799> get 00:23:42.310 --> 00:23:42.320 align:start position:0% without a token if you cannot get 00:23:42.320 --> 00:23:45.070 align:start position:0% without a token if you cannot get financing<00:23:43.320> without<00:23:43.600> a<00:23:43.799> token<00:23:44.480> you<00:23:44.720> probably 00:23:45.070 --> 00:23:45.080 align:start position:0% financing without a token you probably 00:23:45.080 --> 00:23:48.070 align:start position:0% financing without a token you probably shouldn't<00:23:45.520> push<00:23:45.799> you<00:23:46.279> it<00:23:47.279> um<00:23:47.480> tokens<00:23:47.840> are 00:23:48.070 --> 00:23:48.080 align:start position:0% shouldn't push you it um tokens are 00:23:48.080 --> 00:23:51.190 align:start position:0% shouldn't push you it um tokens are useless<00:23:48.720> not<00:23:49.000> at<00:23:49.200> all<00:23:50.200> tokens<00:23:50.600> are<00:23:50.799> a 00:23:51.190 --> 00:23:51.200 align:start position:0% useless not at all tokens are a 00:23:51.200 --> 00:23:54.549 align:start position:0% useless not at all tokens are a fascinating<00:23:52.200> cordination<00:23:53.360> instrument<00:23:54.360> I 00:23:54.549 --> 00:23:54.559 align:start position:0% fascinating cordination instrument I 00:23:54.559 --> 00:23:57.750 align:start position:0% fascinating cordination instrument I expect<00:23:54.919> tokens<00:23:55.360> to<00:23:55.919> create<00:23:56.240> a<00:23:56.520> revolution<00:23:57.520> in 00:23:57.750 --> 00:23:57.760 align:start position:0% expect tokens to create a revolution in 00:23:57.760 --> 00:23:59.029 align:start position:0% expect tokens to create a revolution in human<00:23:58.080> cord 00:23:59.029 --> 00:23:59.039 align:start position:0% human cord 00:23:59.039 --> 00:24:02.510 align:start position:0% human cord scale<00:24:00.039> it's<00:24:00.279> just<00:24:00.559> that<00:24:00.919> in<00:24:01.120> this<00:24:01.360> day<00:24:01.520> and<00:24:01.760> age 00:24:02.510 --> 00:24:02.520 align:start position:0% scale it's just that in this day and age 00:24:02.520 --> 00:24:05.350 align:start position:0% scale it's just that in this day and age with<00:24:02.799> the<00:24:03.200> regulatory<00:24:04.200> constraints<00:24:05.159> you 00:24:05.350 --> 00:24:05.360 align:start position:0% with the regulatory constraints you 00:24:05.360 --> 00:24:09.190 align:start position:0% with the regulatory constraints you cannot<00:24:06.039> use<00:24:06.520> tokens<00:24:07.120> as<00:24:07.360> means<00:24:07.679> of 00:24:09.190 --> 00:24:09.200 align:start position:0% cannot use tokens as means of 00:24:09.200 --> 00:24:12.070 align:start position:0% cannot use tokens as means of financing<00:24:10.200> um<00:24:10.919> what<00:24:11.080> are<00:24:11.320> the<00:24:11.520> best<00:24:11.840> and 00:24:12.070 --> 00:24:12.080 align:start position:0% financing um what are the best and 00:24:12.080 --> 00:24:13.710 align:start position:0% financing um what are the best and conventional<00:24:12.679> ways<00:24:13.000> a<00:24:13.159> Founder<00:24:13.520> can 00:24:13.710 --> 00:24:13.720 align:start position:0% conventional ways a Founder can 00:24:13.720 --> 00:24:17.029 align:start position:0% conventional ways a Founder can fundraise<00:24:14.440> for<00:24:14.679> an<00:24:14.880> idea<00:24:15.720> or<00:24:15.919> an<00:24:16.080> MVP<00:24:16.600> they 00:24:17.029 --> 00:24:17.039 align:start position:0% fundraise for an idea or an MVP they 00:24:17.039 --> 00:24:21.390 align:start position:0% fundraise for an idea or an MVP they have<00:24:18.039> um<00:24:18.760> the<00:24:18.919> easy<00:24:19.360> ones<00:24:19.880> it's<00:24:20.039> a<00:24:20.279> larger<00:24:20.760> L 00:24:21.390 --> 00:24:21.400 align:start position:0% have um the easy ones it's a larger L 00:24:21.400 --> 00:24:23.750 align:start position:0% have um the easy ones it's a larger L the<00:24:21.559> larger<00:24:22.000> THS<00:24:22.400> of<00:24:22.559> el<00:24:22.960> like<00:24:23.120> carbure<00:24:23.600> mon 00:24:23.750 --> 00:24:23.760 align:start position:0% the larger THS of el like carbure mon 00:24:23.760 --> 00:24:26.190 align:start position:0% the larger THS of el like carbure mon optimism<00:24:24.520> and<00:24:24.679> there<00:24:24.760> are<00:24:24.960> many<00:24:25.240> more<00:24:25.720> mantel 00:24:26.190 --> 00:24:26.200 align:start position:0% optimism and there are many more mantel 00:24:26.200 --> 00:24:28.590 align:start position:0% optimism and there are many more mantel it's<00:24:26.399> another<00:24:26.720> good<00:24:26.880> one<00:24:27.480> they<00:24:27.679> have<00:24:27.919> huge<00:24:28.159> am 00:24:28.590 --> 00:24:28.600 align:start position:0% it's another good one they have huge am 00:24:28.600 --> 00:24:31.389 align:start position:0% it's another good one they have huge am of<00:24:28.799> money<00:24:29.440> they<00:24:29.600> aren't<00:24:29.960> afraid<00:24:30.279> of<00:24:30.520> spending 00:24:31.389 --> 00:24:31.399 align:start position:0% of money they aren't afraid of spending 00:24:31.399 --> 00:24:33.549 align:start position:0% of money they aren't afraid of spending if<00:24:31.600> you<00:24:31.880> have<00:24:32.120> an<00:24:32.360> idea<00:24:32.960> you<00:24:33.080> just<00:24:33.279> need<00:24:33.440> to 00:24:33.549 --> 00:24:33.559 align:start position:0% if you have an idea you just need to 00:24:33.559 --> 00:24:35.789 align:start position:0% if you have an idea you just need to come<00:24:33.720> up<00:24:33.880> with<00:24:34.000> a<00:24:34.200> minimal<00:24:34.640> expression<00:24:35.279> of<00:24:35.440> it 00:24:35.789 --> 00:24:35.799 align:start position:0% come up with a minimal expression of it 00:24:35.799 --> 00:24:38.230 align:start position:0% come up with a minimal expression of it something<00:24:36.159> that<00:24:36.360> can<00:24:36.480> be<00:24:36.640> built<00:24:37.000> with<00:24:37.399> 50,000 00:24:38.230 --> 00:24:38.240 align:start position:0% something that can be built with 50,000 00:24:38.240 --> 00:24:41.269 align:start position:0% something that can be built with 50,000 100,000<00:24:39.279> 200,000<00:24:40.279> and<00:24:40.440> if<00:24:40.559> the<00:24:40.720> idea<00:24:40.960> is<00:24:41.080> good 00:24:41.269 --> 00:24:41.279 align:start position:0% 100,000 200,000 and if the idea is good 00:24:41.279 --> 00:24:44.190 align:start position:0% 100,000 200,000 and if the idea is good they<00:24:41.399> will<00:24:41.600> love<00:24:41.840> funding<00:24:42.679> it<00:24:43.679> uh<00:24:43.799> you<00:24:43.919> didn't 00:24:44.190 --> 00:24:44.200 align:start position:0% they will love funding it uh you didn't 00:24:44.200 --> 00:24:45.990 align:start position:0% they will love funding it uh you didn't tell<00:24:44.399> the<00:24:44.520> story<00:24:44.720> of<00:24:44.840> how<00:24:45.000> po<00:24:45.279> was<00:24:45.399> funded<00:24:45.799> oh 00:24:45.990 --> 00:24:46.000 align:start position:0% tell the story of how po was funded oh 00:24:46.000 --> 00:24:48.389 align:start position:0% tell the story of how po was funded oh this<00:24:46.080> is<00:24:46.200> not<00:24:46.320> a<00:24:46.480> secret<00:24:46.760> I<00:24:46.880> funding<00:24:47.240> it<00:24:47.480> myself 00:24:48.389 --> 00:24:48.399 align:start position:0% this is not a secret I funding it myself 00:24:48.399 --> 00:24:50.950 align:start position:0% this is not a secret I funding it myself uh<00:24:48.640> po<00:24:49.360> when<00:24:49.559> po<00:24:49.840> raised<00:24:50.120> money<00:24:50.360> for<00:24:50.520> the<00:24:50.679> first 00:24:50.950 --> 00:24:50.960 align:start position:0% uh po when po raised money for the first 00:24:50.960 --> 00:24:53.070 align:start position:0% uh po when po raised money for the first time<00:24:51.600> I<00:24:51.720> was<00:24:51.880> already<00:24:52.360> several<00:24:52.679> million 00:24:53.070 --> 00:24:53.080 align:start position:0% time I was already several million 00:24:53.080 --> 00:24:57.269 align:start position:0% time I was already several million dollars<00:24:53.520> down<00:24:54.159> in<00:24:54.559> in<00:24:55.440> uh<00:24:55.600> in<00:24:55.960> spending<00:24:56.960> and 00:24:57.269 --> 00:24:57.279 align:start position:0% dollars down in in uh in spending and 00:24:57.279 --> 00:24:59.750 align:start position:0% dollars down in in uh in spending and even<00:24:57.520> after<00:24:57.840> we<00:24:58.000> raise<00:24:58.480> VC<00:24:58.760> money<00:24:59.159> I<00:24:59.360> continue 00:24:59.750 --> 00:24:59.760 align:start position:0% even after we raise VC money I continue 00:24:59.760 --> 00:25:02.149 align:start position:0% even after we raise VC money I continue sing<00:25:00.240> more<00:25:00.440> and<00:25:00.600> more<00:25:00.799> money<00:25:01.399> it's<00:25:01.640> impossible 00:25:02.149 --> 00:25:02.159 align:start position:0% sing more and more money it's impossible 00:25:02.159 --> 00:25:05.669 align:start position:0% sing more and more money it's impossible to<00:25:02.399> run<00:25:02.640> a<00:25:02.919> company<00:25:03.720> that<00:25:04.200> doesn't<00:25:05.200> have<00:25:05.360> a 00:25:05.669 --> 00:25:05.679 align:start position:0% to run a company that doesn't have a 00:25:05.679 --> 00:25:09.549 align:start position:0% to run a company that doesn't have a token<00:25:06.520> and<00:25:06.720> and<00:25:06.880> goes<00:25:07.159> at<00:25:07.399> the<00:25:07.880> speed<00:25:08.880> of<00:25:09.240> web 00:25:09.549 --> 00:25:09.559 align:start position:0% token and and goes at the speed of web 00:25:09.559 --> 00:25:13.470 align:start position:0% token and and goes at the speed of web tree<00:25:10.200> without<00:25:10.480> a<00:25:10.760> really<00:25:11.399> deep<00:25:12.120> pocket<00:25:13.120> uh<00:25:13.279> so 00:25:13.470 --> 00:25:13.480 align:start position:0% tree without a really deep pocket uh so 00:25:13.480 --> 00:25:15.389 align:start position:0% tree without a really deep pocket uh so so<00:25:13.760> again<00:25:13.960> this<00:25:14.080> is<00:25:14.200> something<00:25:14.679> that<00:25:14.960> needs<00:25:15.200> to 00:25:15.389 --> 00:25:15.399 align:start position:0% so again this is something that needs to 00:25:15.399 --> 00:25:17.870 align:start position:0% so again this is something that needs to be<00:25:15.600> known<00:25:15.880> for<00:25:16.080> an<00:25:16.279> aspiring<00:25:16.720> founder<00:25:17.480> we<00:25:17.600> have 00:25:17.870 --> 00:25:17.880 align:start position:0% be known for an aspiring founder we have 00:25:17.880 --> 00:25:20.350 align:start position:0% be known for an aspiring founder we have one<00:25:18.000> more<00:25:18.200> EXT<00:25:19.200> expensive<00:25:19.880> we<00:25:19.960> have<00:25:20.120> one<00:25:20.200> more 00:25:20.350 --> 00:25:20.360 align:start position:0% one more EXT expensive we have one more 00:25:20.360 --> 00:25:22.750 align:start position:0% one more EXT expensive we have one more extrait<00:25:20.840> for<00:25:21.039> you<00:25:21.600> so<00:25:22.159> you<00:25:22.399> have<00:25:22.480> a<00:25:22.520> lot<00:25:22.679> of 00:25:22.750 --> 00:25:22.760 align:start position:0% extrait for you so you have a lot of 00:25:22.760 --> 00:25:24.149 align:start position:0% extrait for you so you have a lot of questions<00:25:23.039> so<00:25:23.200> we<00:25:23.320> have<00:25:23.520> one<00:25:23.679> more<00:25:23.880> minute 00:25:24.149 --> 00:25:24.159 align:start position:0% questions so we have one more minute 00:25:24.159 --> 00:25:28.070 align:start position:0% questions so we have one more minute extra<00:25:24.480> for<00:25:24.600> you<00:25:24.840> guys<00:25:25.559> thank<00:25:26.039> you<00:25:27.039> um<00:25:27.640> when<00:25:27.880> po 00:25:28.070 --> 00:25:28.080 align:start position:0% extra for you guys thank you um when po 00:25:28.080 --> 00:25:30.870 align:start position:0% extra for you guys thank you um when po talken<00:25:28.799> we<00:25:29.000> have<00:25:29.159> no<00:25:29.360> plans<00:25:29.600> for<00:25:29.760> a<00:25:29.960> token<00:25:30.720> um 00:25:30.870 --> 00:25:30.880 align:start position:0% talken we have no plans for a token um 00:25:30.880 --> 00:25:33.389 align:start position:0% talken we have no plans for a token um if<00:25:31.000> the<00:25:31.159> regory<00:25:31.600> landscape<00:25:32.080> changes<00:25:32.520> a<00:25:32.720> lot 00:25:33.389 --> 00:25:33.399 align:start position:0% if the regory landscape changes a lot 00:25:33.399 --> 00:25:36.549 align:start position:0% if the regory landscape changes a lot maybe<00:25:33.960> one<00:25:34.159> day<00:25:34.320> we<00:25:34.600> reconsider<00:25:35.200> it<00:25:35.919> but<00:25:36.399> it 00:25:36.549 --> 00:25:36.559 align:start position:0% maybe one day we reconsider it but it 00:25:36.559 --> 00:25:38.510 align:start position:0% maybe one day we reconsider it but it doesn't<00:25:36.840> look<00:25:37.039> like<00:25:37.240> it's 00:25:38.510 --> 00:25:38.520 align:start position:0% doesn't look like it's 00:25:38.520 --> 00:25:40.070 align:start position:0% doesn't look like it's changing 00:25:40.070 --> 00:25:40.080 align:start position:0% changing 00:25:40.080 --> 00:25:42.909 align:start position:0% changing um<00:25:41.080> what's<00:25:41.240> the<00:25:41.399> business<00:25:41.679> model<00:25:41.960> of<00:25:42.120> poab 00:25:42.909 --> 00:25:42.919 align:start position:0% um what's the business model of poab 00:25:42.919 --> 00:25:45.510 align:start position:0% um what's the business model of poab poab<00:25:43.240> has<00:25:43.440> two<00:25:43.640> sources<00:25:44.000> of<00:25:44.279> revenue<00:25:45.080> um<00:25:45.279> one 00:25:45.510 --> 00:25:45.520 align:start position:0% poab has two sources of revenue um one 00:25:45.520 --> 00:25:47.909 align:start position:0% poab has two sources of revenue um one it's<00:25:45.799> Enterprise<00:25:46.440> Partnerships<00:25:47.440> uh<00:25:47.600> we<00:25:47.720> have 00:25:47.909 --> 00:25:47.919 align:start position:0% it's Enterprise Partnerships uh we have 00:25:47.919 --> 00:25:50.590 align:start position:0% it's Enterprise Partnerships uh we have plenty<00:25:48.279> of<00:25:48.559> companies<00:25:49.440> uh<00:25:49.559> that<00:25:49.760> hire<00:25:50.120> us<00:25:50.320> for 00:25:50.590 --> 00:25:50.600 align:start position:0% plenty of companies uh that hire us for 00:25:50.600 --> 00:25:52.549 align:start position:0% plenty of companies uh that hire us for helping<00:25:51.039> them<00:25:51.279> do<00:25:51.760> preious<00:25:52.159> visal 00:25:52.549 --> 00:25:52.559 align:start position:0% helping them do preious visal 00:25:52.559 --> 00:25:54.710 align:start position:0% helping them do preious visal Collectibles<00:25:53.360> this<00:25:53.559> company<00:25:53.960> services<00:25:54.480> is 00:25:54.710 --> 00:25:54.720 align:start position:0% Collectibles this company services is 00:25:54.720 --> 00:25:57.070 align:start position:0% Collectibles this company services is like<00:25:55.039> mercedesbenz<00:25:55.880> American<00:25:56.360> Express 00:25:57.070 --> 00:25:57.080 align:start position:0% like mercedesbenz American Express 00:25:57.080 --> 00:25:59.630 align:start position:0% like mercedesbenz American Express Porsche<00:25:57.559> Goldman<00:25:58.000> Sachs<00:25:58.399> Swift<00:25:58.880> and<00:25:59.159> hundreds 00:25:59.630 --> 00:25:59.640 align:start position:0% Porsche Goldman Sachs Swift and hundreds 00:25:59.640 --> 00:26:03.029 align:start position:0% Porsche Goldman Sachs Swift and hundreds others<00:26:00.559> and<00:26:01.240> similarly<00:26:02.240> uh<00:26:02.360> we<00:26:02.520> also<00:26:02.760> make 00:26:03.029 --> 00:26:03.039 align:start position:0% others and similarly uh we also make 00:26:03.039 --> 00:26:05.830 align:start position:0% others and similarly uh we also make money<00:26:04.039> by<00:26:04.559> individuals<00:26:05.240> that<00:26:05.440> buy<00:26:05.679> their 00:26:05.830 --> 00:26:05.840 align:start position:0% money by individuals that buy their 00:26:05.840 --> 00:26:08.190 align:start position:0% money by individuals that buy their mindlinks<00:26:06.760> and<00:26:06.960> they<00:26:07.200> pay 00:26:08.190 --> 00:26:08.200 align:start position:0% mindlinks and they pay 00:26:08.200 --> 00:26:11.430 align:start position:0% mindlinks and they pay $25<00:26:09.200> per<00:26:09.480> 100<00:26:09.799> pups<00:26:10.720> and<00:26:10.880> that's<00:26:11.080> working 00:26:11.430 --> 00:26:11.440 align:start position:0% $25 per 100 pups and that's working 00:26:11.440 --> 00:26:13.950 align:start position:0% $25 per 100 pups and that's working pretty<00:26:11.720> well<00:26:12.240> the<00:26:12.399> market<00:26:12.720> is<00:26:12.960> really<00:26:13.399> small 00:26:13.950 --> 00:26:13.960 align:start position:0% pretty well the market is really small 00:26:13.960 --> 00:26:16.230 align:start position:0% pretty well the market is really small there's<00:26:14.279> like<00:26:14.440> 10,000<00:26:15.039> people<00:26:15.360> in<00:26:15.679> crypto 00:26:16.230 --> 00:26:16.240 align:start position:0% there's like 10,000 people in crypto 00:26:16.240 --> 00:26:18.789 align:start position:0% there's like 10,000 people in crypto that<00:26:16.440> can<00:26:16.679> appreciate<00:26:17.279> PowerUp<00:26:17.840> well<00:26:18.440> so<00:26:18.679> we 00:26:18.789 --> 00:26:18.799 align:start position:0% that can appreciate PowerUp well so we 00:26:18.799 --> 00:26:20.870 align:start position:0% that can appreciate PowerUp well so we don't<00:26:19.039> make<00:26:19.279> that<00:26:19.440> much<00:26:19.640> money<00:26:19.880> with<00:26:20.039> that<00:26:20.679> um 00:26:20.870 --> 00:26:20.880 align:start position:0% don't make that much money with that um 00:26:20.880 --> 00:26:24.269 align:start position:0% don't make that much money with that um but<00:26:21.080> we<00:26:21.320> expect<00:26:21.840> this<00:26:22.080> model<00:26:22.559> to<00:26:22.960> scale<00:26:23.960> very 00:26:24.269 --> 00:26:24.279 align:start position:0% but we expect this model to scale very 00:26:24.279 --> 00:26:27.950 align:start position:0% but we expect this model to scale very nice<00:26:24.640> once<00:26:24.919> the<00:26:25.200> market<00:26:25.600> picks<00:26:25.960> up<00:26:26.960> um<00:26:27.120> AR<00:26:27.760> a 00:26:27.950 --> 00:26:27.960 align:start position:0% nice once the market picks up um AR a 00:26:27.960 --> 00:26:29.909 align:start position:0% nice once the market picks up um AR a good<00:26:28.360> option<00:26:28.840> yes<00:26:29.039> definitely<00:26:29.480> ancient 00:26:29.909 --> 00:26:29.919 align:start position:0% good option yes definitely ancient 00:26:29.919 --> 00:26:32.070 align:start position:0% good option yes definitely ancient investors<00:26:30.320> are<00:26:30.480> in<00:26:30.640> the<00:26:30.799> category<00:26:31.440> of<00:26:31.679> exotic 00:26:32.070 --> 00:26:32.080 align:start position:0% investors are in the category of exotic 00:26:32.080 --> 00:26:36.510 align:start position:0% investors are in the category of exotic funding<00:26:32.799> so<00:26:33.120> I<00:26:33.399> certainly<00:26:33.919> like<00:26:34.279> that<00:26:35.520> um 00:26:36.510 --> 00:26:36.520 align:start position:0% funding so I certainly like that um 00:26:36.520 --> 00:26:39.919 align:start position:0% funding so I certainly like that um follow<00:26:36.799> me<00:26:36.919> on<00:26:37.080> Twitter<00:26:37.360> to<00:26:37.480> see<00:26:37.760> where