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quick<00:00:09.400><c> talk</c><00:00:09.679><c> I</c><00:00:09.800><c> think</c><00:00:09.920><c> it</c><00:00:10.000><c> shows</c><00:00:10.440><c> expert</c><00:00:11.000><c> I'm</c>

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quick talk I think it shows expert I'm
 

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quick talk I think it shows expert I'm
actually<00:00:11.320><c> not</c><00:00:11.440><c> going</c><00:00:11.559><c> to</c><00:00:11.679><c> go</c><00:00:11.960><c> that</c><00:00:12.200><c> deep</c><00:00:12.960><c> um</c><00:00:13.759><c> so</c>

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actually not going to go that deep um so
 

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actually not going to go that deep um so
I<00:00:14.839><c> am</c><00:00:15.400><c> a</c><00:00:16.199><c> actually</c><00:00:16.520><c> let</c><00:00:16.600><c> me</c><00:00:16.840><c> go</c><00:00:17.080><c> back</c><00:00:17.920><c> okay</c><00:00:18.160><c> so</c><00:00:18.400><c> I</c>

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I am a actually let me go back okay so I
 

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I am a actually let me go back okay so I
think<00:00:18.680><c> we</c><00:00:18.800><c> should</c><00:00:19.359><c> uh</c><00:00:19.520><c> rethink</c><00:00:20.000><c> some</c><00:00:20.560><c> concepts</c>

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think we should uh rethink some concepts
 

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think we should uh rethink some concepts
of<00:00:21.439><c> the</c><00:00:21.560><c> ethereum</c><00:00:22.039><c> account</c><00:00:22.279><c> model</c><00:00:22.600><c> and</c><00:00:22.720><c> also</c>

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of the ethereum account model and also
 

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of the ethereum account model and also
the<00:00:23.039><c> account</c><00:00:23.279><c> models</c><00:00:23.599><c> that</c><00:00:23.680><c> we're</c><00:00:23.800><c> using</c><00:00:24.160><c> on</c>

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the account models that we're using on
 

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the account models that we're using on
l2s<00:00:25.560><c> specifically</c><00:00:26.080><c> to</c><00:00:26.240><c> scale</c><00:00:26.560><c> this</c><00:00:26.679><c> is</c><00:00:26.720><c> a</c>

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l2s specifically to scale this is a
 

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l2s specifically to scale this is a
forgotten<00:00:27.279><c> mechanism</c><00:00:27.679><c> to</c><00:00:27.840><c> scale</c><00:00:28.519><c> I'll</c><00:00:28.720><c> go</c>

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forgotten mechanism to scale I'll go
 

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forgotten mechanism to scale I'll go
into<00:00:29.039><c> some</c><00:00:29.439><c> things</c><00:00:29.720><c> here</c>

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into some things here
 

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into some things here
really<00:00:30.960><c> quickly</c><00:00:31.840><c> I</c><00:00:31.960><c> think</c><00:00:32.119><c> deterministic</c>

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really quickly I think deterministic
 

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really quickly I think deterministic
State<00:00:33.120><c> addresses</c><00:00:33.800><c> and</c><00:00:33.960><c> state</c><00:00:34.320><c> access</c><00:00:34.840><c> is</c>

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State addresses and state access is
 

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State addresses and state access is
really<00:00:35.280><c> important</c><00:00:35.879><c> in</c><00:00:36.000><c> order</c><00:00:36.200><c> to</c><00:00:36.399><c> accomplish</c>

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really important in order to accomplish
 

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really important in order to accomplish
this<00:00:37.719><c> um</c><00:00:38.399><c> I</c><00:00:38.480><c> think</c><00:00:39.079><c> uh</c><00:00:39.280><c> there</c><00:00:39.399><c> has</c><00:00:39.559><c> been</c>

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this um I think uh there has been
 

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this um I think uh there has been
discussions<00:00:40.200><c> of</c><00:00:40.440><c> access</c><00:00:40.840><c> lists</c><00:00:41.160><c> in</c><00:00:41.280><c> the</c><00:00:41.480><c> past</c>

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discussions of access lists in the past
 

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discussions of access lists in the past
that<00:00:41.920><c> didn't</c><00:00:42.280><c> necessarily</c><00:00:43.039><c> get</c><00:00:43.600><c> enough</c>

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that didn't necessarily get enough
 

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that didn't necessarily get enough
traction<00:00:45.039><c> um</c><00:00:45.200><c> but</c><00:00:45.360><c> this</c><00:00:45.600><c> actually</c><00:00:46.239><c> can</c><00:00:47.199><c> uh</c>

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traction um but this actually can uh
 

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traction um but this actually can uh
provide<00:00:48.239><c> significant</c><00:00:48.719><c> scaling</c><00:00:49.600><c> indexing</c><00:00:50.600><c> uh</c>

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provide significant scaling indexing uh
 

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provide significant scaling indexing uh
improvements<00:00:51.239><c> and</c><00:00:51.399><c> security</c><00:00:51.800><c> improvements</c>

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improvements and security improvements
 

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improvements and security improvements
to<00:00:52.440><c> ethereum</c><00:00:52.879><c> as</c><00:00:52.960><c> a</c><00:00:53.359><c> whole</c><00:00:54.359><c> um</c><00:00:55.039><c> so</c><00:00:55.440><c> with</c><00:00:55.719><c> access</c>

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to ethereum as a whole um so with access
 

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to ethereum as a whole um so with access
lists<00:00:56.559><c> or</c><00:00:56.960><c> account</c><00:00:57.280><c> lists</c><00:00:58.079><c> um</c><00:00:58.199><c> you</c><00:00:58.320><c> know</c><00:00:58.480><c> the</c>

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lists or account lists um you know the
 

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lists or account lists um you know the
state<00:00:59.000><c> ahead</c><00:00:59.199><c> of</c><00:00:59.480><c> time</c><00:00:59.680><c> that</c><00:01:00.120><c> can</c><00:01:00.399><c> touch</c><00:01:01.359><c> this</c>

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state ahead of time that can touch this
 

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state ahead of time that can touch this
allows<00:01:02.239><c> for</c><00:01:02.920><c> uh</c><00:01:03.039><c> being</c><00:01:03.280><c> able</c><00:01:03.559><c> to</c><00:01:04.280><c> uh</c><00:01:04.760><c> do</c><00:01:05.040><c> things</c>

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allows for uh being able to uh do things
 

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allows for uh being able to uh do things
like<00:01:06.000><c> uh</c><00:01:06.200><c> execute</c><00:01:06.880><c> concurrently</c><00:01:07.880><c> um</c><00:01:08.080><c> since</c>

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like uh execute concurrently um since
 

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like uh execute concurrently um since
you<00:01:08.320><c> know</c><00:01:08.479><c> the</c><00:01:08.640><c> different</c><00:01:08.960><c> parts</c><00:01:09.400><c> of</c><00:01:09.759><c> a</c><00:01:10.040><c> graph</c>

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you know the different parts of a graph
 

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you know the different parts of a graph
of<00:01:10.479><c> nodes</c><00:01:11.080><c> that</c><00:01:11.240><c> you</c><00:01:11.360><c> are</c><00:01:12.040><c> uh</c><00:01:12.200><c> touching</c><00:01:13.040><c> this</c>

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of nodes that you are uh touching this
 

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of nodes that you are uh touching this
can<00:01:13.280><c> be</c><00:01:13.400><c> enforced</c><00:01:13.880><c> by</c><00:01:14.080><c> the</c><00:01:14.200><c> runtime</c><00:01:14.880><c> it</c>

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can be enforced by the runtime it
 

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can be enforced by the runtime it
prevents<00:01:15.360><c> any</c>

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prevents any
 

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prevents any
overrides<00:01:17.119><c> um</c><00:01:17.320><c> for</c><00:01:17.479><c> example</c><00:01:17.799><c> if</c><00:01:17.920><c> two</c><00:01:18.080><c> swap</c>

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overrides um for example if two swap
 

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overrides um for example if two swap
transactions<00:01:19.040><c> are</c><00:01:19.200><c> happening</c><00:01:19.520><c> through</c><00:01:19.680><c> the</c>

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transactions are happening through the
 

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transactions are happening through the
same<00:01:20.439><c> protocol</c><00:01:21.439><c> um</c><00:01:21.759><c> but</c><00:01:21.920><c> the</c><00:01:22.000><c> same</c><00:01:22.200><c> token</c><00:01:22.640><c> this</c>

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same protocol um but the same token this
 

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same protocol um but the same token this
can<00:01:23.000><c> actually</c><00:01:23.240><c> happen</c><00:01:23.520><c> concurrently</c><00:01:24.479><c> so</c><00:01:24.799><c> I</c><00:01:25.000><c> I</c>

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can actually happen concurrently so I I
 

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can actually happen concurrently so I I
sort<00:01:25.360><c> of</c><00:01:25.520><c> think</c><00:01:25.680><c> of</c><00:01:25.840><c> this</c><00:01:26.159><c> as</c><00:01:26.360><c> another</c>

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sort of think of this as another
 

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sort of think of this as another
mechanism<00:01:27.040><c> for</c><00:01:27.280><c> Mex</c><00:01:27.960><c> uh</c><00:01:28.200><c> multiplexing</c>

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mechanism for Mex uh multiplexing
 

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mechanism for Mex uh multiplexing
spawning<00:01:29.560><c> parallel</c>

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spawning parallel
 

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spawning parallel
processors<00:01:31.479><c> um</c><00:01:31.680><c> another</c><00:01:31.920><c> way</c><00:01:32.040><c> to</c><00:01:32.200><c> think</c><00:01:32.399><c> about</c>

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processors um another way to think about
 

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processors um another way to think about
it<00:01:32.880><c> is</c><00:01:33.399><c> um</c><00:01:33.920><c> knowing</c><00:01:34.240><c> your</c><00:01:34.439><c> IO</c><00:01:34.759><c> ahead</c><00:01:34.920><c> of</c><00:01:35.159><c> time</c>

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it is um knowing your IO ahead of time
 

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it is um knowing your IO ahead of time
um<00:01:36.320><c> and</c><00:01:36.479><c> or</c><00:01:36.840><c> having</c><00:01:37.399><c> a</c><00:01:37.799><c> uh</c><00:01:38.159><c> essentially</c><00:01:38.680><c> a</c>

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um and or having a uh essentially a
 

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um and or having a uh essentially a
built-in<00:01:39.479><c> mechanism</c><00:01:40.320><c> for</c><00:01:41.320><c> um</c><00:01:41.960><c> for</c><00:01:42.119><c> sharding</c>

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built-in mechanism for um for sharding
 

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built-in mechanism for um for sharding
as<00:01:42.799><c> well</c><00:01:43.200><c> I</c><00:01:43.280><c> think</c><00:01:43.439><c> this</c><00:01:43.600><c> also</c><00:01:43.799><c> works</c><00:01:44.119><c> really</c>

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as well I think this also works really
 

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as well I think this also works really
well<00:01:44.479><c> for</c><00:01:44.799><c> multiple</c><00:01:45.320><c> concurrent</c><00:01:46.119><c> uh</c><00:01:46.759><c> uh</c>

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well for multiple concurrent uh uh
 

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well for multiple concurrent uh uh
proposers<00:01:48.159><c> um</c><00:01:48.320><c> this</c><00:01:48.479><c> kind</c><00:01:48.640><c> of</c><00:01:48.719><c> go</c><00:01:48.880><c> hands</c><00:01:49.079><c> in</c>

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proposers um this kind of go hands in
 

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proposers um this kind of go hands in
hand<00:01:49.640><c> it's</c><00:01:49.840><c> really</c><00:01:50.119><c> great</c><00:01:51.079><c> um</c><00:01:51.320><c> again</c><00:01:51.560><c> I</c><00:01:51.719><c> I'll</c>

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hand it's really great um again I I'll
 

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hand it's really great um again I I'll
go<00:01:51.920><c> into</c><00:01:52.079><c> erc20</c><00:01:52.719><c> as</c><00:01:52.799><c> an</c><00:01:52.960><c> example</c><00:01:53.799><c> erc20</c><00:01:54.799><c> um</c>

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go into erc20 as an example erc20 um
 

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go into erc20 as an example erc20 um
sort<00:01:55.119><c> of</c><00:01:55.280><c> represents</c><00:01:55.920><c> a</c><00:01:56.119><c> massive</c><00:01:56.520><c> Global</c>

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sort of represents a massive Global
 

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sort of represents a massive Global
state<00:01:57.200><c> that</c><00:01:57.360><c> everyone</c><00:01:57.680><c> can</c><00:01:57.880><c> touch</c><00:01:58.520><c> and</c>

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state that everyone can touch and
 

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state that everyone can touch and
anytime<00:01:59.079><c> anyone</c><00:01:59.360><c> touches</c><00:01:59.640><c> it</c><00:02:00.000><c> this</c><00:02:00.159><c> sort</c><00:02:00.360><c> of</c>

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anytime anyone touches it this sort of
 

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anytime anyone touches it this sort of
creates<00:02:00.880><c> a</c><00:02:01.039><c> global</c><00:02:01.439><c> lock</c><00:02:01.920><c> on</c><00:02:02.039><c> the</c><00:02:02.680><c> system</c><00:02:03.680><c> um</c>

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creates a global lock on the system um
 

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creates a global lock on the system um
and<00:02:04.560><c> so</c><00:02:05.520><c> uh</c><00:02:05.719><c> you</c><00:02:05.880><c> know</c><00:02:06.719><c> I</c><00:02:06.840><c> I</c><00:02:06.960><c> sort</c><00:02:07.079><c> of</c><00:02:07.200><c> mentioned</c>

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and so uh you know I I sort of mentioned
 

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and so uh you know I I sort of mentioned
this<00:02:07.719><c> so</c><00:02:08.399><c> um</c><00:02:09.399><c> you</c><00:02:09.479><c> know</c><00:02:10.039><c> I'll</c><00:02:10.160><c> go</c><00:02:10.280><c> ahead</c><00:02:10.440><c> and</c>

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this so um you know I'll go ahead and
 

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this so um you know I'll go ahead and
skip<00:02:11.160><c> this</c><00:02:11.360><c> part</c><00:02:12.080><c> um</c><00:02:12.520><c> so</c><00:02:12.720><c> this</c><00:02:12.840><c> is</c><00:02:13.080><c> like</c><00:02:13.440><c> I</c><00:02:13.760><c> got</c>

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skip this part um so this is like I got
 

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skip this part um so this is like I got
this<00:02:14.239><c> silly</c><00:02:14.760><c> graph</c><00:02:15.040><c> here</c><00:02:15.200><c> but</c><00:02:15.319><c> you</c><00:02:15.400><c> can</c><00:02:15.519><c> see</c>

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this silly graph here but you can see
 

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this silly graph here but you can see
there's<00:02:16.080><c> different</c><00:02:16.360><c> parts</c><00:02:16.640><c> that</c><00:02:16.760><c> are</c><00:02:17.000><c> being</c>

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there's different parts that are being
 

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there's different parts that are being
touched<00:02:18.599><c> um</c><00:02:19.000><c> and</c><00:02:19.200><c> in</c><00:02:19.360><c> this</c><00:02:19.519><c> case</c><00:02:19.680><c> you</c><00:02:19.800><c> could</c>

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touched um and in this case you could
 

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touched um and in this case you could
split<00:02:20.239><c> this</c><00:02:20.400><c> up</c><00:02:20.560><c> into</c><00:02:20.800><c> three</c><00:02:21.080><c> different</c>

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split this up into three different
 

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split this up into three different
concurrent<00:02:22.239><c> um</c><00:02:23.239><c> uh</c><00:02:23.879><c> processing</c><00:02:24.879><c> um</c><00:02:25.120><c> or</c>

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concurrent um uh processing um or
 

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concurrent um uh processing um or
execution<00:02:26.160><c> which</c><00:02:26.760><c> um</c><00:02:27.040><c> can</c><00:02:27.319><c> actually</c><00:02:27.519><c> make</c>

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execution which um can actually make
 

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execution which um can actually make
things<00:02:27.959><c> really</c><00:02:28.239><c> interesting</c><00:02:29.239><c> uh</c><00:02:29.360><c> from</c><00:02:29.480><c> the</c>

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things really interesting uh from the
 

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things really interesting uh from the
side<00:02:30.800><c> this</c><00:02:30.879><c> is</c><00:02:31.040><c> really</c><00:02:31.239><c> helpful</c><00:02:31.640><c> as</c><00:02:31.800><c> well</c><00:02:32.800><c> um</c><00:02:32.959><c> I</c>

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side this is really helpful as well um I
 

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side this is really helpful as well um I
think<00:02:33.239><c> security</c><00:02:33.640><c> and</c><00:02:33.800><c> the</c><00:02:33.920><c> data</c><00:02:34.239><c> side</c><00:02:34.480><c> like</c>

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think security and the data side like
 

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think security and the data side like
once<00:02:34.720><c> we're</c><00:02:34.879><c> indexing</c><00:02:35.360><c> and</c><00:02:35.519><c> once</c><00:02:35.640><c> we</c><00:02:35.800><c> get</c>

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once we're indexing and once we get
 

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once we're indexing and once we get
things<00:02:36.120><c> to</c><00:02:36.319><c> scale</c><00:02:36.640><c> and</c><00:02:36.800><c> get</c><00:02:36.959><c> really</c><00:02:37.160><c> really</c>

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things to scale and get really really
 

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things to scale and get really really
fast<00:02:38.280><c> these</c><00:02:38.440><c> are</c><00:02:38.599><c> things</c><00:02:38.760><c> we</c><00:02:38.920><c> think</c><00:02:39.120><c> about</c><00:02:39.360><c> we</c>

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fast these are things we think about we
 

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fast these are things we think about we
don't<00:02:39.640><c> think</c><00:02:39.800><c> about</c><00:02:40.000><c> this</c><00:02:40.120><c> a</c><00:02:40.239><c> lot</c><00:02:40.720><c> currently</c>

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don't think about this a lot currently
 

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don't think about this a lot currently
um<00:02:42.080><c> in</c><00:02:42.239><c> the</c><00:02:42.400><c> ethereum</c><00:02:43.000><c> ecosystem</c><00:02:43.680><c> I</c><00:02:43.879><c> I</c><00:02:43.959><c> think</c>

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um in the ethereum ecosystem I I think
 

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um in the ethereum ecosystem I I think
there's<00:02:44.440><c> maybe</c><00:02:44.680><c> some</c><00:02:44.879><c> exceptions</c><00:02:45.360><c> tjs</c><00:02:45.800><c> here</c>

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there's maybe some exceptions tjs here
 

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there's maybe some exceptions tjs here
um<00:02:46.920><c> but</c><00:02:47.200><c> as</c><00:02:47.519><c> as</c><00:02:47.720><c> things</c><00:02:47.959><c> scale</c><00:02:48.480><c> really</c><00:02:48.760><c> big</c><00:02:48.959><c> and</c>

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um but as as things scale really big and
 

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um but as as things scale really big and
we<00:02:49.200><c> get</c><00:02:49.280><c> to</c><00:02:49.400><c> the</c><00:02:49.480><c> point</c><00:02:49.680><c> that</c><00:02:49.760><c> we're</c><00:02:49.920><c> dealing</c>

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we get to the point that we're dealing
 

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we get to the point that we're dealing
with<00:02:50.519><c> like</c><00:02:51.159><c> hundreds</c><00:02:51.519><c> of</c><00:02:51.680><c> thousands</c><00:02:52.000><c> of</c>

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with like hundreds of thousands of
 

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with like hundreds of thousands of
transactions<00:02:52.760><c> per</c><00:02:52.920><c> second</c><00:02:53.200><c> across</c><00:02:53.519><c> all</c><00:02:53.720><c> the</c>

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transactions per second across all the
 

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transactions per second across all the
l2s<00:02:55.159><c> um</c><00:02:55.440><c> actually</c><00:02:55.800><c> having</c><00:02:56.080><c> mechanisms</c><00:02:56.680><c> that</c>

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l2s um actually having mechanisms that
 

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l2s um actually having mechanisms that
inherently<00:02:57.360><c> provide</c><00:02:57.680><c> better</c><00:02:58.000><c> indexing</c><00:02:59.000><c> uh</c>

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inherently provide better indexing uh
 

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inherently provide better indexing uh
via<00:02:59.280><c> the</c><00:02:59.400><c> account</c><00:02:59.599><c> model</c><00:03:00.000><c> can</c><00:03:00.120><c> be</c><00:03:00.239><c> extremely</c>

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via the account model can be extremely
 

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via the account model can be extremely
helpful<00:03:01.480><c> um</c><00:03:01.680><c> but</c><00:03:01.959><c> again</c><00:03:02.159><c> approved</c><00:03:02.519><c> pattern</c><00:03:02.800><c> on</c>

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helpful um but again approved pattern on
 

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helpful um but again approved pattern on
erc20<00:03:03.599><c> is</c><00:03:03.760><c> I'm</c><00:03:03.879><c> just</c><00:03:04.040><c> giving</c><00:03:04.560><c> specific</c>

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erc20 is I'm just giving specific
 

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erc20 is I'm just giving specific
concrete<00:03:05.440><c> examples</c><00:03:06.040><c> obviously</c><00:03:06.400><c> we</c><00:03:06.519><c> all</c><00:03:06.640><c> know</c>

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concrete examples obviously we all know
 

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concrete examples obviously we all know
it's<00:03:06.879><c> a</c><00:03:07.239><c> disaster</c><00:03:08.239><c> um</c><00:03:08.519><c> you</c><00:03:08.680><c> don't</c><00:03:09.000><c> know</c><00:03:09.519><c> ahead</c>

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it's a disaster um you don't know ahead
 

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it's a disaster um you don't know ahead
of<00:03:09.920><c> time</c><00:03:10.319><c> when</c><00:03:10.480><c> you</c><00:03:10.680><c> look</c><00:03:10.920><c> at</c><00:03:11.120><c> the</c><00:03:11.239><c> shape</c><00:03:11.480><c> of</c><00:03:11.599><c> a</c>

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of time when you look at the shape of a
 

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of time when you look at the shape of a
transaction<00:03:13.040><c> um</c><00:03:13.159><c> you</c><00:03:13.319><c> don't</c><00:03:13.519><c> know</c><00:03:13.959><c> what</c><00:03:14.640><c> uh</c>

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transaction um you don't know what uh
 

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transaction um you don't know what uh
what<00:03:15.120><c> accounts</c><00:03:15.440><c> will</c><00:03:15.599><c> end</c><00:03:15.760><c> up</c><00:03:15.879><c> being</c><00:03:16.080><c> touched</c>

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what accounts will end up being touched
 

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what accounts will end up being touched
you<00:03:16.840><c> don't</c><00:03:17.040><c> know</c><00:03:17.280><c> where</c><00:03:17.720><c> the</c><00:03:18.000><c> funds</c><00:03:18.319><c> can</c><00:03:18.480><c> end</c>

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you don't know where the funds can end
 

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you don't know where the funds can end
up<00:03:18.760><c> being</c><00:03:19.000><c> spent</c><00:03:19.959><c> um</c><00:03:20.120><c> you</c><00:03:20.239><c> don't</c><00:03:20.480><c> have</c><00:03:20.599><c> a</c>

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up being spent um you don't have a
 

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up being spent um you don't have a
deterministic<00:03:21.440><c> way</c><00:03:21.599><c> to</c><00:03:21.720><c> know</c><00:03:21.879><c> what</c><00:03:22.040><c> reads</c><00:03:22.280><c> or</c>

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deterministic way to know what reads or
 

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deterministic way to know what reads or
writes<00:03:22.720><c> are</c><00:03:22.840><c> going</c><00:03:23.000><c> to</c><00:03:23.239><c> happen</c><00:03:23.959><c> if</c><00:03:24.080><c> you</c><00:03:24.159><c> know</c>

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writes are going to happen if you know
 

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writes are going to happen if you know
this<00:03:24.560><c> ahead</c><00:03:24.760><c> of</c><00:03:25.000><c> time</c><00:03:26.000><c> um</c><00:03:26.440><c> then</c><00:03:26.720><c> this</c><00:03:27.239><c> actually</c>

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this ahead of time um then this actually
 

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this ahead of time um then this actually
prevents<00:03:28.319><c> a</c><00:03:28.439><c> lot</c><00:03:28.599><c> of</c><00:03:28.959><c> safeguards</c><00:03:29.480><c> that</c><00:03:29.560><c> you</c>

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prevents a lot of safeguards that you
 

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prevents a lot of safeguards that you
have<00:03:29.920><c> to</c><00:03:30.040><c> do</c><00:03:30.239><c> on</c><00:03:30.360><c> the</c><00:03:30.599><c> contract</c><00:03:31.439><c> layer</c><00:03:32.439><c> um</c><00:03:32.840><c> and</c>

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have to do on the contract layer um and
 

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have to do on the contract layer um and
this<00:03:33.200><c> is</c><00:03:33.319><c> what</c><00:03:33.439><c> I</c><00:03:33.599><c> call</c><00:03:33.760><c> an</c><00:03:33.920><c> account</c><00:03:34.319><c> Centric</c>

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this is what I call an account Centric
 

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this is what I call an account Centric
model<00:03:35.879><c> um</c><00:03:36.239><c> I</c><00:03:36.319><c> think</c><00:03:36.439><c> we've</c><00:03:36.640><c> seen</c><00:03:36.920><c> this</c><00:03:37.280><c> in</c><00:03:38.000><c> uh</c>

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model um I think we've seen this in uh
 

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model um I think we've seen this in uh
some<00:03:38.480><c> of</c><00:03:38.760><c> the</c><00:03:39.159><c> concepts</c><00:03:39.599><c> of</c><00:03:39.840><c> like</c><00:03:40.159><c> uh</c><00:03:40.360><c> move</c>

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some of the concepts of like uh move
 

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some of the concepts of like uh move
ecosystem<00:03:42.040><c> um</c><00:03:42.200><c> I</c><00:03:42.280><c> think</c><00:03:42.480><c> svm</c><00:03:43.319><c> has</c><00:03:43.680><c> has</c><00:03:43.799><c> done</c>

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ecosystem um I think svm has has done
 

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ecosystem um I think svm has has done
this<00:03:44.239><c> there's</c><00:03:44.439><c> been</c><00:03:44.599><c> some</c><00:03:44.840><c> experimentation</c>

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this there's been some experimentation
 

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this there's been some experimentation
with<00:03:45.599><c> other</c><00:03:45.879><c> models</c><00:03:46.280><c> as</c><00:03:46.840><c> well</c><00:03:47.840><c> um</c><00:03:48.599><c> and</c><00:03:49.159><c> varying</c>

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with other models as well um and varying
 

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with other models as well um and varying
parts<00:03:49.959><c> of</c><00:03:50.120><c> them</c><00:03:50.319><c> are</c><00:03:50.640><c> are</c><00:03:51.599><c> um</c><00:03:51.879><c> are</c><00:03:52.079><c> interesting</c>

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parts of them are are um are interesting
 

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parts of them are are um are interesting
so<00:03:53.680><c> um</c><00:03:53.879><c> this</c><00:03:54.040><c> also</c><00:03:54.280><c> helps</c><00:03:54.519><c> for</c><00:03:54.720><c> things</c><00:03:54.920><c> like</c>

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so um this also helps for things like
 

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so um this also helps for things like
memory<00:03:55.760><c> Pro</c><00:03:56.040><c> programmatic</c><00:03:56.640><c> ownership</c>

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memory Pro programmatic ownership
 

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memory Pro programmatic ownership
patterns<00:03:58.120><c> memory</c><00:03:58.480><c> ownership</c><00:03:59.000><c> patterns</c>

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patterns memory ownership patterns
 

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patterns memory ownership patterns
across<00:03:59.920><c> different</c><00:04:00.560><c> um</c><00:04:00.840><c> levels</c><00:04:01.120><c> of</c><00:04:01.280><c> the</c><00:04:01.439><c> stack</c>

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across different um levels of the stack
 

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across different um levels of the stack
when<00:04:01.879><c> we're</c><00:04:02.200><c> calling</c><00:04:03.200><c> um</c><00:04:03.560><c> when</c><00:04:03.720><c> we're</c><00:04:04.360><c> uh</c>

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when we're calling um when we're uh
 

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when we're calling um when we're uh
calling<00:04:05.120><c> between</c><00:04:05.400><c> different</c><00:04:05.680><c> contracts</c><00:04:06.680><c> so</c>

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calling between different contracts so
 

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calling between different contracts so
um<00:04:08.560><c> yeah</c><00:04:08.920><c> so</c><00:04:09.599><c> uh</c><00:04:09.879><c> also</c><00:04:10.079><c> it's</c><00:04:10.280><c> really</c><00:04:10.439><c> fast</c>

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um yeah so uh also it's really fast
 

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um yeah so uh also it's really fast
pre-processing<00:04:11.519><c> level</c><00:04:11.760><c> from</c><00:04:12.000><c> security</c>

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pre-processing level from security
 

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pre-processing level from security
perspective<00:04:13.239><c> um</c><00:04:13.400><c> I</c><00:04:13.439><c> think</c><00:04:13.599><c> what's</c><00:04:13.720><c> going</c><00:04:13.840><c> to</c>

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perspective um I think what's going to
 

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perspective um I think what's going to
happen<00:04:14.200><c> is</c><00:04:14.319><c> we're</c><00:04:14.400><c> going</c><00:04:14.519><c> to</c><00:04:14.599><c> have</c><00:04:14.680><c> a</c><00:04:14.799><c> lot</c><00:04:14.920><c> of</c>

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happen is we're going to have a lot of
 

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happen is we're going to have a lot of
wallets<00:04:15.760><c> that</c><00:04:15.920><c> are</c><00:04:16.160><c> going</c><00:04:16.320><c> to</c><00:04:16.479><c> look</c><00:04:16.639><c> at</c><00:04:16.720><c> the</c>

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wallets that are going to look at the
 

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wallets that are going to look at the
fingerprint<00:04:17.239><c> of</c><00:04:17.359><c> a</c><00:04:17.440><c> transaction</c><00:04:17.919><c> ahead</c><00:04:18.079><c> of</c>

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fingerprint of a transaction ahead of
 

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fingerprint of a transaction ahead of
time<00:04:18.400><c> and</c><00:04:18.600><c> let</c><00:04:18.799><c> you</c><00:04:19.000><c> know</c><00:04:19.880><c> without</c><00:04:20.400><c> processing</c>

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time and let you know without processing
 

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time and let you know without processing
on<00:04:21.320><c> chain</c><00:04:22.320><c> um</c><00:04:22.440><c> or</c><00:04:22.639><c> simulating</c><00:04:23.160><c> on</c><00:04:23.360><c> chain</c><00:04:24.320><c> um</c>

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on chain um or simulating on chain um
 

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on chain um or simulating on chain um
what<00:04:24.560><c> are</c><00:04:24.720><c> sort</c><00:04:24.919><c> of</c><00:04:25.080><c> security</c><00:04:25.960><c> uh</c><00:04:26.440><c> aspects</c>

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what are sort of security uh aspects
 

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what are sort of security uh aspects
that<00:04:27.360><c> that</c><00:04:27.680><c> could</c><00:04:27.880><c> be</c><00:04:28.360><c> uh</c><00:04:28.479><c> vulnerabilities</c>

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that that could be uh vulnerabilities
 

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that that could be uh vulnerabilities
and<00:04:29.440><c> so</c><00:04:29.880><c> this</c><00:04:30.039><c> actually</c><00:04:30.199><c> makes</c><00:04:30.520><c> this</c><00:04:30.840><c> really</c>

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and so this actually makes this really
 

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and so this actually makes this really
clean<00:04:31.639><c> this</c><00:04:31.720><c> is</c><00:04:31.840><c> where</c><00:04:31.960><c> you</c><00:04:32.039><c> can</c><00:04:32.199><c> have</c><00:04:32.400><c> like</c><00:04:32.520><c> a</c>

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clean this is where you can have like a
 

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clean this is where you can have like a
easily<00:04:33.080><c> readable</c><00:04:33.520><c> format</c><00:04:33.880><c> of</c><00:04:34.039><c> what</c><00:04:34.120><c> your</c>

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easily readable format of what your
 

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easily readable format of what your
transaction<00:04:34.759><c> is</c><00:04:34.960><c> about</c><00:04:35.120><c> to</c><00:04:35.280><c> do</c><00:04:36.240><c> um</c><00:04:36.919><c> yeah</c>

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transaction is about to do um yeah
 

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transaction is about to do um yeah
that's<00:04:37.600><c> uh</c><00:04:38.000><c> that's</c><00:04:38.160><c> sort</c><00:04:38.360><c> of</c><00:04:38.800><c> the</c><00:04:39.400><c> the</c><00:04:39.600><c> thing</c><00:04:40.039><c> I</c>

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that's uh that's sort of the the thing I
 

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that's uh that's sort of the the thing I
I'm<00:04:40.479><c> all</c><00:04:40.680><c> for</c><00:04:41.080><c> State</c><00:04:41.479><c> access</c><00:04:41.880><c> lists</c><00:04:42.320><c> again</c><00:04:43.039><c> um</c>

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I'm all for State access lists again um
 

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I'm all for State access lists again um
I'd<00:04:43.520><c> love</c><00:04:43.680><c> to</c><00:04:43.759><c> see</c><00:04:43.960><c> this</c><00:04:44.120><c> come</c><00:04:44.360><c> back</c><00:04:45.240><c> and</c><00:04:45.800><c> have</c>

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I'd love to see this come back and have
 

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I'd love to see this come back and have
this<00:04:46.120><c> as</c><00:04:46.320><c> part</c><00:04:46.479><c> of</c><00:04:47.039><c> um</c><00:04:47.600><c> mechanisms</c><00:04:48.160><c> to</c><00:04:48.360><c> make</c>

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this as part of um mechanisms to make
 

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this as part of um mechanisms to make
things<00:04:48.919><c> run</c><00:04:49.199><c> concurrently</c><00:04:49.720><c> on</c><00:04:49.840><c> ethereum</c><00:04:50.600><c> and</c>

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things run concurrently on ethereum and
 

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things run concurrently on ethereum and
the<00:04:50.800><c> l2s</c><00:04:51.199><c> and</c><00:04:51.320><c> scale</c><00:04:51.680><c> that</c><00:04:52.080><c> um</c><00:04:52.560><c> that's</c><00:04:52.759><c> all</c><00:04:53.039><c> any</c>

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the l2s and scale that um that's all any
 

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the l2s and scale that um that's all any
questions

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questions
 

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questions
okay<00:04:57.320><c> okay</c><00:04:58.120><c> thank</c><00:04:58.280><c> you</c><00:04:58.520><c> L</c><00:04:59.199><c> um</c><00:04:59.320><c> do</c><00:04:59.440><c> we</c><00:04:59.520><c> have</c>

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okay okay thank you L um do we have
 

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okay okay thank you L um do we have
questions<00:05:01.240><c> okay</c><00:05:01.400><c> I</c><00:05:01.479><c> saw</c><00:05:01.680><c> your</c><00:05:01.880><c> hand</c>

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so<00:05:06.960><c> that</c><00:05:07.120><c> was</c><00:05:07.880><c> good</c><00:05:08.880><c> so</c><00:05:09.080><c> yeah</c><00:05:09.199><c> I</c><00:05:09.320><c> have</c><00:05:09.479><c> this</c>

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so that was good so yeah I have this
 

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so that was good so yeah I have this
question<00:05:09.919><c> like</c><00:05:10.080><c> there</c><00:05:10.199><c> was</c><00:05:10.320><c> a</c><00:05:10.479><c> paper</c>

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question like there was a paper
 

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question like there was a paper
published<00:05:11.160><c> maybe</c><00:05:11.440><c> last</c><00:05:11.639><c> year</c><00:05:11.919><c> about</c><00:05:12.520><c> uh</c><00:05:12.960><c> like</c>

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published maybe last year about uh like
 

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published maybe last year about uh like
access<00:05:13.639><c> list</c><00:05:14.039><c> by</c><00:05:14.680><c> uh</c><00:05:14.800><c> some</c><00:05:15.000><c> people</c><00:05:15.240><c> at</c><00:05:15.520><c> it</c><00:05:16.520><c> and</c>

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access list by uh some people at it and
 

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access list by uh some people at it and
the<00:05:17.919><c> outcome</c><00:05:18.280><c> of</c><00:05:18.400><c> the</c><00:05:18.560><c> paper</c><00:05:18.800><c> is</c><00:05:19.120><c> essentially</c>

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the outcome of the paper is essentially
 

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the outcome of the paper is essentially
uh<00:05:20.280><c> the</c><00:05:20.440><c> discount</c><00:05:20.840><c> is</c><00:05:21.039><c> not</c><00:05:21.479><c> high</c><00:05:21.759><c> enough</c><00:05:22.199><c> many</c>

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uh the discount is not high enough many
 

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uh the discount is not high enough many
people<00:05:22.639><c> who</c><00:05:22.759><c> are</c><00:05:22.919><c> using</c><00:05:23.280><c> access</c><00:05:23.720><c> list</c><00:05:24.039><c> are</c>

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people who are using access list are
 

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people who are using access list are
misusing<00:05:24.759><c> it</c><00:05:25.000><c> many</c><00:05:25.240><c> clients</c><00:05:25.560><c> are</c>

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misusing it many clients are
 

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misusing it many clients are
implementing<00:05:26.639><c> it</c><00:05:26.919><c> incorrectly</c><00:05:27.479><c> and</c><00:05:27.600><c> so</c><00:05:27.720><c> on</c>

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implementing it incorrectly and so on
 

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implementing it incorrectly and so on
and<00:05:27.919><c> so</c><00:05:28.080><c> forth</c><00:05:28.319><c> so</c><00:05:29.080><c> what</c><00:05:29.759><c> steps</c><00:05:30.039><c> concretely</c><00:05:30.560><c> we</c>

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and so forth so what steps concretely we
 

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and so forth so what steps concretely we
should<00:05:30.960><c> take</c><00:05:31.400><c> to</c><00:05:32.000><c> solve</c><00:05:32.400><c> those</c><00:05:32.639><c> problems</c>

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should take to solve those problems
 

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should take to solve those problems
increasing<00:05:33.759><c> discount</c><00:05:34.199><c> or</c><00:05:34.440><c> what</c><00:05:35.039><c> yeah</c><00:05:35.240><c> I</c><00:05:35.479><c> I</c>

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increasing discount or what yeah I I
 

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increasing discount or what yeah I I
think<00:05:36.080><c> in</c><00:05:36.199><c> general</c><00:05:36.479><c> you</c><00:05:36.560><c> need</c><00:05:36.720><c> to</c><00:05:36.880><c> enshrine</c>

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think in general you need to enshrine
 

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think in general you need to enshrine
more<00:05:38.280><c> into</c><00:05:38.720><c> the</c><00:05:38.880><c> actual</c><00:05:39.160><c> consensus</c><00:05:39.880><c> on</c><00:05:40.080><c> rules</c>

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more into the actual consensus on rules
 

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more into the actual consensus on rules
on<00:05:40.639><c> how</c><00:05:40.840><c> access</c><00:05:41.199><c> lists</c><00:05:41.520><c> can</c><00:05:41.680><c> be</c><00:05:41.840><c> used</c><00:05:42.600><c> um</c>

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on how access lists can be used um
 

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on how access lists can be used um
different<00:05:43.720><c> different</c><00:05:44.039><c> aspects</c><00:05:44.400><c> like</c><00:05:44.639><c> that</c>

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different different aspects like that
 

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different different aspects like that
and<00:05:45.000><c> then</c><00:05:45.520><c> also</c><00:05:46.199><c> from</c><00:05:46.680><c> the</c><00:05:46.880><c> security</c><00:05:47.400><c> side</c>

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and then also from the security side
 

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and then also from the security side
it's<00:05:48.080><c> it's</c><00:05:48.440><c> really</c><00:05:48.680><c> important</c><00:05:49.120><c> and</c><00:05:49.199><c> then</c><00:05:49.440><c> I</c><00:05:49.680><c> I</c>

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it's it's really important and then I I
 

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it's it's really important and then I I
also<00:05:50.120><c> think</c><00:05:50.680><c> um</c><00:05:51.000><c> I</c><00:05:51.160><c> I</c><00:05:51.240><c> think</c><00:05:51.440><c> that</c><00:05:51.639><c> particular</c>

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also think um I I think that particular
 

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also think um I I think that particular
study<00:05:53.160><c> um</c><00:05:53.720><c> looked</c><00:05:53.960><c> at</c><00:05:54.120><c> it</c><00:05:54.479><c> comparing</c><00:05:54.880><c> to</c><00:05:55.080><c> what</c>

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study um looked at it comparing to what
 

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study um looked at it comparing to what
the<00:05:55.280><c> current</c><00:05:55.639><c> patterns</c><00:05:56.160><c> are</c><00:05:56.479><c> on</c><00:05:56.680><c> chain</c><00:05:57.560><c> um</c><00:05:57.720><c> I</c>

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the current patterns are on chain um I
 

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the current patterns are on chain um I
think<00:05:57.919><c> if</c><00:05:58.000><c> you</c><00:05:58.160><c> make</c><00:05:58.360><c> the</c><00:05:58.520><c> changes</c><00:05:59.039><c> to</c><00:05:59.400><c> have</c>

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think if you make the changes to have
 

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think if you make the changes to have
have<00:06:00.120><c> a</c><00:06:00.360><c> model</c><00:06:00.680><c> like</c><00:06:00.880><c> this</c><00:06:01.400><c> um</c><00:06:01.680><c> some</c><00:06:01.800><c> of</c><00:06:01.919><c> the</c>

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have a model like this um some of the
 

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have a model like this um some of the
programmatic<00:06:02.560><c> patterns</c><00:06:02.919><c> will</c><00:06:03.120><c> change</c><00:06:03.520><c> and</c>

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programmatic patterns will change and
 

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programmatic patterns will change and
therefore<00:06:04.039><c> will</c><00:06:04.240><c> lead</c><00:06:04.479><c> to</c><00:06:05.080><c> scaling</c><00:06:06.080><c> uh</c>

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therefore will lead to scaling uh
 

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therefore will lead to scaling uh
naturally<00:06:06.800><c> but</c><00:06:07.280><c> yeah</c><00:06:08.280><c> next</c>

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naturally but yeah next
 

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naturally but yeah next
question

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okay<00:06:16.039><c> beautiful</c><00:06:16.960><c> so</c><00:06:17.680><c> the</c><00:06:17.840><c> eth</c><00:06:18.199><c> research</c><00:06:18.720><c> post</c>

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okay beautiful so the eth research post
 

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okay beautiful so the eth research post
or<00:06:19.400><c> discussion</c><00:06:19.800><c> that</c><00:06:19.919><c> was</c><00:06:20.039><c> talking</c><00:06:20.240><c> about</c>

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or discussion that was talking about
 

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or discussion that was talking about
State<00:06:20.720><c> access</c><00:06:20.960><c> list</c><00:06:21.280><c> way</c><00:06:21.440><c> back</c><00:06:21.560><c> in</c><00:06:21.639><c> the</c><00:06:21.800><c> day</c><00:06:22.599><c> is</c>

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State access list way back in the day is
 

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State access list way back in the day is
cited<00:06:23.520><c> by</c><00:06:23.800><c> Fuel</c><00:06:24.440><c> and</c><00:06:24.680><c> there's</c><00:06:24.840><c> been</c><00:06:25.039><c> some</c>

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cited by Fuel and there's been some
 

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cited by Fuel and there's been some
extra<00:06:25.560><c> thought</c><00:06:25.759><c> on</c><00:06:25.960><c> that</c><00:06:26.080><c> and</c><00:06:26.199><c> some</c>

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extra thought on that and some
 

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extra thought on that and some
developments<00:06:27.280><c> are</c><00:06:27.479><c> there</c><00:06:27.680><c> any</c><00:06:28.000><c> differences</c>

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developments are there any differences
 

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developments are there any differences
between<00:06:29.120><c> your</c><00:06:29.639><c> absolute</c><00:06:30.000><c> dream</c><00:06:30.360><c> like</c><00:06:30.440><c> you</c>

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between your absolute dream like you
 

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between your absolute dream like you
know<00:06:30.720><c> Pie</c><00:06:30.880><c> in</c><00:06:31.000><c> the</c><00:06:31.160><c> Sky</c><00:06:31.800><c> perfect</c><00:06:32.080><c> if</c><00:06:32.240><c> you</c><00:06:32.400><c> a</c>

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know Pie in the Sky perfect if you a
 

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know Pie in the Sky perfect if you a
dictator<00:06:33.240><c> model</c><00:06:33.599><c> of</c><00:06:33.759><c> State</c><00:06:34.120><c> access</c><00:06:34.759><c> and</c><00:06:35.039><c> what</c>

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dictator model of State access and what
 

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dictator model of State access and what
fuel<00:06:35.520><c> is</c><00:06:35.720><c> currently</c><00:06:36.039><c> running</c><00:06:36.960><c> I</c><00:06:37.039><c> think</c><00:06:37.240><c> what</c>

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fuel is currently running I think what
 

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fuel is currently running I think what
fuel<00:06:37.720><c> is</c><00:06:37.840><c> doing</c><00:06:38.240><c> is</c><00:06:38.520><c> elegant</c><00:06:39.400><c> um</c><00:06:39.639><c> so</c><00:06:39.800><c> I</c><00:06:39.880><c> think</c>

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fuel is doing is elegant um so I think
 

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fuel is doing is elegant um so I think
it<00:06:40.240><c> it</c><00:06:40.400><c> follows</c><00:06:40.960><c> a</c><00:06:41.080><c> more</c><00:06:41.440><c> account</c><00:06:41.759><c> Centric</c>

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it it follows a more account Centric
 

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it it follows a more account Centric
model<00:06:42.479><c> it's</c><00:06:42.720><c> like</c><00:06:42.919><c> sort</c><00:06:43.080><c> of</c><00:06:43.199><c> like</c><00:06:43.280><c> an</c><00:06:43.360><c> a</c><00:06:43.440><c> utxo</c>

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model it's like sort of like an a utxo
 

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model it's like sort of like an a utxo
model<00:06:44.880><c> is</c><00:06:45.120><c> the</c><00:06:45.199><c> way</c><00:06:45.360><c> that</c><00:06:45.479><c> I</c><00:06:45.759><c> see</c><00:06:46.000><c> it</c><00:06:46.199><c> and</c><00:06:46.360><c> with</c>

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model is the way that I see it and with
 

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model is the way that I see it and with
utxo<00:06:47.240><c> style</c><00:06:47.720><c> models</c><00:06:48.720><c> um</c><00:06:49.160><c> you</c><00:06:49.360><c> have</c><00:06:49.639><c> better</c>

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utxo style models um you have better
 

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utxo style models um you have better
determinism<00:06:50.759><c> around</c><00:06:51.120><c> accounts</c><00:06:51.919><c> and</c><00:06:52.199><c> it's</c>

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determinism around accounts and it's
 

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determinism around accounts and it's
much<00:06:52.720><c> easier</c><00:06:53.039><c> to</c><00:06:53.160><c> see</c><00:06:53.440><c> what</c><00:06:53.599><c> you're</c><00:06:53.720><c> going</c><00:06:53.880><c> to</c>

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much easier to see what you're going to
 

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much easier to see what you're going to
touch<00:06:54.479><c> ahead</c><00:06:54.680><c> of</c><00:06:54.800><c> time</c><00:06:54.960><c> and</c><00:06:55.080><c> what</c><00:06:55.160><c> you</c><00:06:55.280><c> won't</c>

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touch ahead of time and what you won't
 

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touch ahead of time and what you won't
um<00:06:56.240><c> so</c><00:06:56.360><c> I</c><00:06:56.479><c> think</c><00:06:56.680><c> with</c><00:06:56.840><c> regards</c><00:06:57.120><c> to</c><00:06:57.280><c> ethereum</c>

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um so I think with regards to ethereum
 

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um so I think with regards to ethereum
um<00:06:58.360><c> it'll</c><00:06:58.599><c> never</c><00:06:58.840><c> go</c><00:06:59.000><c> to</c><00:06:59.160><c> that</c><00:06:59.680><c> stream</c><00:07:00.479><c> um</c><00:07:00.800><c> but</c>

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um it'll never go to that stream um but
 

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um it'll never go to that stream um but
I<00:07:01.039><c> think</c><00:07:01.199><c> there's</c><00:07:01.479><c> good</c><00:07:01.720><c> balances</c><00:07:02.560><c> to</c><00:07:02.840><c> where</c>

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I think there's good balances to where
 

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I think there's good balances to where
we<00:07:03.319><c> can</c><00:07:03.479><c> sort</c><00:07:03.639><c> of</c><00:07:03.840><c> keep</c><00:07:04.120><c> some</c><00:07:04.280><c> of</c><00:07:04.560><c> the</c><00:07:04.800><c> beauties</c>

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we can sort of keep some of the beauties
 

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we can sort of keep some of the beauties
of<00:07:05.479><c> the</c><00:07:05.599><c> current</c><00:07:05.919><c> account</c><00:07:06.280><c> model</c><00:07:06.879><c> but</c><00:07:07.080><c> also</c>

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of the current account model but also
 

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of the current account model but also
have<00:07:07.680><c> additional</c><00:07:08.000><c> speed</c><00:07:08.199><c> and</c>

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have additional speed and
 

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have additional speed and
security<00:07:09.960><c> thanks</c><00:07:10.560><c> last</c>

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question<00:07:19.720><c> okay</c><00:07:20.400><c> TJ</c>

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hello<00:07:26.039><c> um</c><00:07:26.280><c> can</c><00:07:26.440><c> you</c><00:07:27.160><c> just</c><00:07:27.680><c> Define</c><00:07:28.680><c> these</c><00:07:29.120><c> lists</c>

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hello um can you just Define these lists
 

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hello um can you just Define these lists
and<00:07:30.080><c> then</c><00:07:30.440><c> how</c><00:07:30.520><c> do</c><00:07:30.680><c> you</c><00:07:30.879><c> calculate</c><00:07:31.400><c> this</c><00:07:31.599><c> list</c>

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and then how do you calculate this list
 

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and then how do you calculate this list
prior<00:07:32.240><c> to</c><00:07:32.520><c> the</c><00:07:32.720><c> transaction</c><00:07:33.360><c> happen</c><00:07:33.840><c> I</c><00:07:33.960><c> never</c>

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prior to the transaction happen I never
 

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prior to the transaction happen I never
understood<00:07:34.759><c> that</c><00:07:35.400><c> how</c><00:07:35.520><c> do</c><00:07:35.639><c> you</c><00:07:36.400><c> oh</c><00:07:36.840><c> okay</c><00:07:37.280><c> um</c><00:07:37.680><c> so</c>

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understood that how do you oh okay um so
 

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understood that how do you oh okay um so
basically<00:07:38.479><c> any</c><00:07:39.280><c> state</c><00:07:39.759><c> that</c><00:07:39.879><c> you</c><00:07:40.120><c> access</c><00:07:40.639><c> you</c>

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basically any state that you access you
 

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basically any state that you access you
can

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can
 

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can
deterministically<00:07:42.680><c> write</c><00:07:42.879><c> you</c><00:07:42.960><c> can</c><00:07:43.080><c> have</c><00:07:43.199><c> a</c>

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deterministically write you can have a
 

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deterministically write you can have a
hash<00:07:43.599><c> that</c><00:07:43.720><c> represents</c><00:07:44.240><c> that</c><00:07:44.400><c> state</c><00:07:44.639><c> that</c>

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hash that represents that state that
 

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hash that represents that state that
you're<00:07:45.039><c> going</c><00:07:45.199><c> to</c><00:07:45.360><c> access</c><00:07:45.759><c> for</c><00:07:46.199><c> example</c><00:07:47.240><c> um</c>

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you're going to access for example um
 

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you're going to access for example um
and<00:07:48.599><c> so</c><00:07:49.599><c> uh</c><00:07:49.960><c> anything</c><00:07:50.440><c> that</c><00:07:50.680><c> you</c><00:07:50.879><c> touch</c><00:07:51.319><c> any</c><00:07:51.520><c> of</c>

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and so uh anything that you touch any of
 

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and so uh anything that you touch any of
those<00:07:52.520><c> um</c><00:07:52.759><c> State</c><00:07:53.159><c> locations</c><00:07:54.159><c> would</c><00:07:54.319><c> be</c>

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those um State locations would be
 

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those um State locations would be
referenced<00:07:55.280><c> via</c><00:07:55.680><c> a</c><00:07:55.840><c> list</c><00:07:56.000><c> of</c><00:07:56.199><c> hashes</c>

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referenced via a list of hashes
 

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referenced via a list of hashes
essentially<00:07:57.840><c> um</c><00:07:57.960><c> that's</c><00:07:58.159><c> one</c><00:07:58.360><c> mechanism</c><00:07:58.720><c> to</c>

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essentially um that's one mechanism to
 

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essentially um that's one mechanism to
do<00:07:58.960><c> it</c><00:07:59.080><c> there's</c><00:07:59.840><c> a</c><00:08:00.000><c> bunch</c><00:08:00.199><c> of</c><00:08:00.400><c> different</c><00:08:00.800><c> but</c>

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do it there's a bunch of different but
 

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do it there's a bunch of different but
yeah<00:08:01.319><c> how</c><00:08:01.400><c> do</c><00:08:01.479><c> you</c><00:08:01.599><c> know</c><00:08:01.840><c> that</c><00:08:02.000><c> without</c>

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yeah how do you know that without
 

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yeah how do you know that without
running<00:08:04.039><c> um</c><00:08:04.319><c> so</c><00:08:04.520><c> you</c><00:08:04.720><c> have</c><00:08:04.840><c> to</c><00:08:05.560><c> how</c><00:08:05.680><c> do</c><00:08:05.800><c> you</c>

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running um so you have to how do you
 

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running um so you have to how do you
sorry<00:08:06.879><c> how</c><00:08:07.000><c> do</c><00:08:07.080><c> you</c><00:08:07.240><c> get</c><00:08:07.400><c> that</c><00:08:07.639><c> without</c>

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sorry how do you get that without
 

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sorry how do you get that without
running<00:08:08.199><c> the</c><00:08:08.400><c> transaction</c><00:08:09.400><c> um</c><00:08:09.800><c> yeah</c><00:08:09.919><c> so</c><00:08:10.039><c> the</c>

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running the transaction um yeah so the
 

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running the transaction um yeah so the
user<00:08:10.360><c> would</c><00:08:10.520><c> run</c><00:08:10.720><c> the</c><00:08:10.879><c> transaction</c><00:08:11.360><c> ahead</c><00:08:11.560><c> of</c>

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user would run the transaction ahead of
 

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user would run the transaction ahead of
time<00:08:12.080><c> right</c><00:08:12.759><c> um</c><00:08:12.879><c> or</c><00:08:13.039><c> may</c><00:08:13.199><c> run</c><00:08:13.360><c> the</c><00:08:13.479><c> transaction</c>

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time right um or may run the transaction
 

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time right um or may run the transaction
ahead<00:08:14.120><c> of</c><00:08:14.319><c> time</c><00:08:15.159><c> uh</c><00:08:15.360><c> before</c><00:08:15.639><c> they</c><00:08:15.759><c> form</c><00:08:16.120><c> that</c>

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ahead of time uh before they form that
 

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ahead of time uh before they form that
and<00:08:17.080><c> then</c><00:08:17.800><c> um</c><00:08:18.199><c> it's</c><00:08:18.599><c> then</c><00:08:18.759><c> it's</c><00:08:19.000><c> enforced</c><00:08:19.919><c> um</c>

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and then um it's then it's enforced um
 

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and then um it's then it's enforced um
in<00:08:20.199><c> the</c><00:08:20.360><c> consensus</c><00:08:21.000><c> protocol</c><00:08:21.800><c> if</c><00:08:21.919><c> that</c><00:08:22.039><c> makes</c>

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in the consensus protocol if that makes
 

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in the consensus protocol if that makes
sense<00:08:22.400><c> so</c><00:08:22.560><c> that</c><00:08:22.639><c> means</c><00:08:22.919><c> people</c><00:08:23.159><c> who</c><00:08:23.319><c> are</c>

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sense so that means people who are
 

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sense so that means people who are
listening<00:08:24.240><c> for</c><00:08:24.440><c> transactions</c><00:08:24.919><c> that</c><00:08:25.039><c> are</c>

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listening for transactions that are
 

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listening for transactions that are
coming<00:08:25.360><c> in</c><00:08:25.599><c> wallets</c><00:08:26.039><c> that</c><00:08:26.120><c> are</c><00:08:27.039><c> um</c><00:08:27.400><c> trying</c><00:08:27.680><c> to</c>

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coming in wallets that are um trying to
 

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coming in wallets that are um trying to
validate<00:08:28.560><c> the</c><00:08:28.680><c> security</c><00:08:29.000><c> of</c><00:08:29.039><c> a</c><00:08:29.159><c> transaction</c>

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validate the security of a transaction
 

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validate the security of a transaction
ction<00:08:29.840><c> things</c><00:08:30.039><c> like</c><00:08:30.240><c> that</c><00:08:31.080><c> um</c><00:08:31.319><c> know</c><00:08:31.520><c> that</c>

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ction things like that um know that
 

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ction things like that um know that
these<00:08:32.039><c> are</c><00:08:32.200><c> the</c><00:08:32.320><c> things</c><00:08:32.519><c> that</c><00:08:32.640><c> are</c><00:08:32.760><c> going</c><00:08:32.919><c> to</c>

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these are the things that are going to
 

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these are the things that are going to
be<00:08:33.159><c> touched</c><00:08:33.760><c> and</c><00:08:33.919><c> there's</c><00:08:34.120><c> no</c><00:08:34.360><c> like</c><00:08:34.519><c> bit</c><00:08:34.800><c> flip</c>

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be touched and there's no like bit flip
 

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be touched and there's no like bit flip
that<00:08:35.320><c> might</c><00:08:35.560><c> happen</c><00:08:35.959><c> that</c><00:08:36.200><c> might</c><00:08:36.760><c> suddenly</c>

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that might happen that might suddenly
 

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that might happen that might suddenly
have<00:08:37.479><c> it</c><00:08:37.640><c> touch</c><00:08:38.039><c> like</c><00:08:38.200><c> 10</c><00:08:38.440><c> other</c><00:08:38.719><c> accounts</c>

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have it touch like 10 other accounts
 

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have it touch like 10 other accounts
that<00:08:39.200><c> could</c><00:08:39.320><c> end</c><00:08:39.479><c> up</c><00:08:39.599><c> siphoning</c><00:08:40.080><c> funds</c><00:08:40.560><c> or</c><00:08:40.880><c> do</c>

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that could end up siphoning funds or do
 

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that could end up siphoning funds or do
some<00:08:41.320><c> type</c><00:08:41.440><c> of</c><00:08:41.599><c> bridge</c><00:08:41.919><c> attack</c><00:08:42.200><c> mechanism</c><00:08:42.599><c> if</c>

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some type of bridge attack mechanism if
 

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some type of bridge attack mechanism if
that<00:08:42.839><c> makes</c>

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that makes
 

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that makes
sense<00:08:44.600><c> okay</c><00:08:45.320><c> thank</c><00:08:45.480><c> you</c><00:08:45.600><c> so</c><00:08:45.720><c> much</c><00:08:45.959><c> let's</c><00:08:46.080><c> talk</c>

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sense okay thank you so much let's talk
 

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sense okay thank you so much let's talk
later<00:08:46.839><c> thank</c><00:08:46.959><c> you</c><00:08:47.080><c> so</c><00:08:47.200><c> much</c><00:08:47.399><c> guys</c><00:08:47.560><c> let's</c><00:08:47.720><c> give</c>

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later thank you so much guys let's give
 

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later thank you so much guys let's give
a<00:08:48.000><c> hand</c><00:08:48.200><c> of</c><00:08:48.360><c> Applause</c><00:08:48.680><c> for</c>

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a hand of Applause for
 

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a hand of Applause for
Wales<00:08:51.000><c> and</c><00:08:51.200><c> thank</c><00:08:51.360><c> you</c><00:08:51.480><c> for</c><00:08:51.680><c> your</c><00:08:51.920><c> amazing</c>

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Wales and thank you for your amazing
 

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Wales and thank you for your amazing
questions<00:08:53.200><c> like</c><00:08:53.360><c> I</c><00:08:53.519><c> said</c><00:08:53.680><c> it's</c><00:08:53.800><c> going</c><00:08:53.920><c> to</c><00:08:54.000><c> be</c>

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questions like I said it's going to be
 

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questions like I said it's going to be
interesting<00:08:54.640><c> this</c><00:08:54.760><c> morning</c><00:08:55.480><c> our</c><00:08:55.680><c> next</c>

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interesting this morning our next
 

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interesting this morning our next
speaker<00:08:56.480><c> is</c>