WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:04.350 align:start position:0% foreign 00:00:04.350 --> 00:00:04.360 align:start position:0% 00:00:04.360 --> 00:00:13.450 align:start position:0% [Music] 00:00:13.450 --> 00:00:13.460 align:start position:0% 00:00:13.460 --> 00:00:15.890 align:start position:0% thank<00:00:14.460> you<00:00:14.580> for<00:00:14.880> coming<00:00:15.179> to<00:00:15.480> hear<00:00:15.719> about 00:00:15.890 --> 00:00:15.900 align:start position:0% thank you for coming to hear about 00:00:15.900 --> 00:00:18.710 align:start position:0% thank you for coming to hear about hyperserts<00:00:17.220> um<00:00:17.220> those<00:00:18.000> are<00:00:18.180> actually<00:00:18.420> quick 00:00:18.710 --> 00:00:18.720 align:start position:0% hyperserts um those are actually quick 00:00:18.720 --> 00:00:20.390 align:start position:0% hyperserts um those are actually quick question<00:00:18.900> have<00:00:19.320> how<00:00:19.800> many<00:00:19.920> people<00:00:20.039> have<00:00:20.220> heard 00:00:20.390 --> 00:00:20.400 align:start position:0% question have how many people have heard 00:00:20.400 --> 00:00:22.429 align:start position:0% question have how many people have heard of<00:00:20.580> impact<00:00:20.939> certificates<00:00:21.420> generally 00:00:22.429 --> 00:00:22.439 align:start position:0% of impact certificates generally 00:00:22.439 --> 00:00:24.710 align:start position:0% of impact certificates generally in<00:00:22.800> the<00:00:22.980> audience<00:00:23.279> okay 00:00:24.710 --> 00:00:24.720 align:start position:0% in the audience okay 00:00:24.720 --> 00:00:28.429 align:start position:0% in the audience okay um<00:00:24.779> so<00:00:25.820> this<00:00:26.820> is 00:00:28.429 --> 00:00:28.439 align:start position:0% um so this is 00:00:28.439 --> 00:00:31.070 align:start position:0% um so this is going<00:00:28.920> to<00:00:29.099> be<00:00:29.220> a<00:00:29.519> proposal<00:00:29.880> for<00:00:30.180> a<00:00:30.420> system<00:00:30.599> that 00:00:31.070 --> 00:00:31.080 align:start position:0% going to be a proposal for a system that 00:00:31.080 --> 00:00:33.470 align:start position:0% going to be a proposal for a system that looks<00:00:31.439> very<00:00:31.740> very<00:00:31.980> different<00:00:32.279> from<00:00:32.820> what<00:00:33.300> we 00:00:33.470 --> 00:00:33.480 align:start position:0% looks very very different from what we 00:00:33.480 --> 00:00:36.110 align:start position:0% looks very very different from what we have<00:00:33.660> now<00:00:33.899> economically<00:00:34.620> I<00:00:35.219> I<00:00:35.579> want<00:00:35.820> to<00:00:35.940> come 00:00:36.110 --> 00:00:36.120 align:start position:0% have now economically I I want to come 00:00:36.120 --> 00:00:39.170 align:start position:0% have now economically I I want to come to<00:00:36.300> you<00:00:36.420> as<00:00:36.899> if<00:00:37.559> we<00:00:37.800> are<00:00:38.040> people<00:00:38.399> in<00:00:38.700> a<00:00:38.880> barter 00:00:39.170 --> 00:00:39.180 align:start position:0% to you as if we are people in a barter 00:00:39.180 --> 00:00:41.569 align:start position:0% to you as if we are people in a barter economy<00:00:39.620> discussing<00:00:40.620> what<00:00:40.920> money<00:00:41.160> could<00:00:41.399> look 00:00:41.569 --> 00:00:41.579 align:start position:0% economy discussing what money could look 00:00:41.579 --> 00:00:43.010 align:start position:0% economy discussing what money could look like<00:00:41.760> and<00:00:42.059> if<00:00:42.180> you<00:00:42.300> imagine<00:00:42.420> trying<00:00:42.840> to 00:00:43.010 --> 00:00:43.020 align:start position:0% like and if you imagine trying to 00:00:43.020 --> 00:00:45.709 align:start position:0% like and if you imagine trying to explain<00:00:43.260> the<00:00:43.920> mechanics<00:00:44.340> of<00:00:44.820> a<00:00:45.180> supermarket 00:00:45.709 --> 00:00:45.719 align:start position:0% explain the mechanics of a supermarket 00:00:45.719 --> 00:00:47.990 align:start position:0% explain the mechanics of a supermarket does<00:00:46.140> someone<00:00:46.320> from<00:00:46.500> a<00:00:46.620> barter<00:00:46.980> economy<00:00:47.399> you 00:00:47.990 --> 00:00:48.000 align:start position:0% does someone from a barter economy you 00:00:48.000 --> 00:00:49.910 align:start position:0% does someone from a barter economy you can<00:00:48.180> imagine<00:00:48.360> how<00:00:49.079> weird<00:00:49.379> and 00:00:49.910 --> 00:00:49.920 align:start position:0% can imagine how weird and 00:00:49.920 --> 00:00:51.290 align:start position:0% can imagine how weird and incomprehensible<00:00:50.700> some<00:00:50.879> of<00:00:51.059> these<00:00:51.180> things 00:00:51.290 --> 00:00:51.300 align:start position:0% incomprehensible some of these things 00:00:51.300 --> 00:00:53.209 align:start position:0% incomprehensible some of these things will<00:00:51.480> be<00:00:51.660> at<00:00:52.020> first<00:00:52.200> I<00:00:52.680> hope<00:00:52.800> that<00:00:52.920> you'll<00:00:53.100> bear 00:00:53.209 --> 00:00:53.219 align:start position:0% will be at first I hope that you'll bear 00:00:53.219 --> 00:00:54.770 align:start position:0% will be at first I hope that you'll bear with<00:00:53.460> me<00:00:53.579> and<00:00:53.820> then<00:00:53.940> eventually<00:00:54.300> we'll<00:00:54.480> get<00:00:54.660> to 00:00:54.770 --> 00:00:54.780 align:start position:0% with me and then eventually we'll get to 00:00:54.780 --> 00:00:56.450 align:start position:0% with me and then eventually we'll get to something<00:00:55.020> that 00:00:56.450 --> 00:00:56.460 align:start position:0% something that 00:00:56.460 --> 00:00:58.549 align:start position:0% something that uh<00:00:57.000> seems<00:00:57.480> very<00:00:57.600> compelling<00:00:57.960> it<00:00:58.140> makes<00:00:58.320> a<00:00:58.500> lot 00:00:58.549 --> 00:00:58.559 align:start position:0% uh seems very compelling it makes a lot 00:00:58.559 --> 00:01:00.170 align:start position:0% uh seems very compelling it makes a lot of<00:00:58.680> sense<00:00:58.860> and<00:00:59.399> feels<00:00:59.699> like<00:00:59.820> the<00:00:59.940> kind<00:01:00.059> of 00:01:00.170 --> 00:01:00.180 align:start position:0% of sense and feels like the kind of 00:01:00.180 --> 00:01:02.029 align:start position:0% of sense and feels like the kind of thing<00:01:00.300> that<00:01:00.539> you<00:01:00.660> know<00:01:00.840> where<00:01:01.140> you<00:01:01.500> could<00:01:01.620> take 00:01:02.029 --> 00:01:02.039 align:start position:0% thing that you know where you could take 00:01:02.039 --> 00:01:04.549 align:start position:0% thing that you know where you could take this<00:01:02.340> and<00:01:02.879> start<00:01:03.059> building<00:01:03.480> on<00:01:03.840> it<00:01:03.960> extending 00:01:04.549 --> 00:01:04.559 align:start position:0% this and start building on it extending 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of our many other small projects I'm 00:01:20.640 --> 00:01:22.070 align:start position:0% one of our many other small projects I'm talking<00:01:20.820> about<00:01:21.000> none<00:01:21.180> of<00:01:21.360> those<00:01:21.479> what<00:01:21.960> I'm 00:01:22.070 --> 00:01:22.080 align:start position:0% talking about none of those what I'm 00:01:22.080 --> 00:01:24.350 align:start position:0% talking about none of those what I'm talking<00:01:22.259> about<00:01:22.439> is<00:01:22.740> going<00:01:22.920> to<00:01:23.040> be<00:01:23.220> a<00:01:23.820> new 00:01:24.350 --> 00:01:24.360 align:start position:0% talking about is going to be a new 00:01:24.360 --> 00:01:26.630 align:start position:0% talking about is going to be a new project<00:01:24.600> that's<00:01:25.020> about<00:01:25.259> uh 00:01:26.630 --> 00:01:26.640 align:start position:0% project that's about uh 00:01:26.640 --> 00:01:28.609 align:start position:0% project that's about uh we<00:01:27.119> proposed<00:01:27.540> this<00:01:27.659> about 00:01:28.609 --> 00:01:28.619 align:start position:0% we proposed this about 00:01:28.619 --> 00:01:32.030 align:start position:0% we proposed this about uh<00:01:29.040> I<00:01:29.939> think<00:01:30.119> nine<00:01:30.659> or<00:01:30.840> ten<00:01:31.080> months<00:01:31.380> ago<00:01:31.619> and 00:01:32.030 --> 00:01:32.040 align:start position:0% uh I think nine or ten months ago and 00:01:32.040 --> 00:01:34.910 align:start position:0% uh I think nine or ten months ago and we've<00:01:32.460> been<00:01:32.580> uh<00:01:33.320> sprinting<00:01:34.320> on<00:01:34.439> it<00:01:34.560> I'd<00:01:34.740> say 00:01:34.910 --> 00:01:34.920 align:start position:0% we've been uh sprinting on it I'd say 00:01:34.920 --> 00:01:37.789 align:start position:0% we've been uh sprinting on it I'd say for<00:01:35.100> the<00:01:35.220> last<00:01:35.280> six<00:01:35.579> months<00:01:35.820> or<00:01:35.939> so<00:01:36.600> uh<00:01:37.259> overall 00:01:37.789 --> 00:01:37.799 align:start position:0% for the last six months or so uh overall 00:01:37.799 --> 00:01:39.890 align:start position:0% for the last six months or so uh overall the<00:01:38.460> structure<00:01:38.880> for<00:01:39.060> the<00:01:39.180> talk<00:01:39.299> is<00:01:39.600> that<00:01:39.780> I'm 00:01:39.890 --> 00:01:39.900 align:start position:0% the structure for the talk is that I'm 00:01:39.900 --> 00:01:42.170 align:start position:0% the structure for the talk is that I'm going<00:01:40.020> to<00:01:40.140> talk<00:01:40.259> about<00:01:40.439> the<00:01:41.340> over<00:01:41.460> overall 00:01:42.170 --> 00:01:42.180 align:start position:0% going to talk about the over overall 00:01:42.180 --> 00:01:44.450 align:start position:0% going to talk about the over overall structure<00:01:42.540> is<00:01:42.900> going<00:01:43.079> to<00:01:43.200> be 00:01:44.450 --> 00:01:44.460 align:start position:0% structure is going to be 00:01:44.460 --> 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starting<00:01:55.200> off<00:01:55.500> generally<00:01:56.040> with<00:01:56.340> the<00:01:56.520> claim 00:01:56.810 --> 00:01:56.820 align:start position:0% starting off generally with the claim 00:01:56.820 --> 00:01:58.190 align:start position:0% starting off generally with the claim that 00:01:58.190 --> 00:01:58.200 align:start position:0% that 00:01:58.200 --> 00:02:02.170 align:start position:0% that we<00:01:58.920> didn't<00:01:59.100> really<00:01:59.399> have<00:01:59.880> much<00:02:00.600> in<00:02:01.380> the<00:02:01.500> way<00:02:01.680> of 00:02:02.170 --> 00:02:02.180 align:start position:0% we didn't really have much in the way of 00:02:02.180 --> 00:02:05.450 align:start position:0% we didn't really have much in the way of tracking<00:02:03.180> of<00:02:03.299> actions<00:02:03.780> yesterday<00:02:04.500> compared 00:02:05.450 --> 00:02:05.460 align:start position:0% tracking of actions yesterday compared 00:02:05.460 --> 00:02:07.609 align:start position:0% tracking of actions yesterday compared to<00:02:05.820> what<00:02:06.420> you<00:02:06.540> might<00:02:06.719> imagine<00:02:06.899> yesterday 00:02:07.609 --> 00:02:07.619 align:start position:0% to what you might imagine yesterday 00:02:07.619 --> 00:02:09.109 align:start position:0% to what you might imagine yesterday people<00:02:08.039> did<00:02:08.280> things<00:02:08.459> you<00:02:08.700> might<00:02:08.819> even<00:02:08.880> say 00:02:09.109 --> 00:02:09.119 align:start position:0% people did things you might even say 00:02:09.119 --> 00:02:11.029 align:start position:0% people did things you might even say people<00:02:09.300> just<00:02:09.599> did<00:02:09.840> the<00:02:10.020> things<00:02:10.200> instead<00:02:10.979> of 00:02:11.029 --> 00:02:11.039 align:start position:0% people just did the things instead of 00:02:11.039 --> 00:02:12.470 align:start position:0% people just did the things instead of trying<00:02:11.220> to<00:02:11.400> do<00:02:11.520> additional<00:02:11.940> things<00:02:12.180> in 00:02:12.470 --> 00:02:12.480 align:start position:0% trying to do additional things in 00:02:12.480 --> 00:02:13.729 align:start position:0% trying to do additional things in addition<00:02:12.660> to 00:02:13.729 --> 00:02:13.739 align:start position:0% addition to 00:02:13.739 --> 00:02:15.229 align:start position:0% addition to doing<00:02:14.099> stuff 00:02:15.229 --> 00:02:15.239 align:start position:0% doing stuff 00:02:15.239 --> 00:02:16.910 align:start position:0% doing stuff um<00:02:15.300> I<00:02:15.840> would 00:02:16.910 --> 00:02:16.920 align:start position:0% um I would 00:02:16.920 --> 00:02:19.430 align:start position:0% um I would I<00:02:17.340> would<00:02:17.400> generalize<00:02:17.819> this<00:02:17.940> to<00:02:18.120> say<00:02:18.300> that<00:02:18.480> like 00:02:19.430 --> 00:02:19.440 align:start position:0% I would generalize this to say that like 00:02:19.440 --> 00:02:21.229 align:start position:0% I would generalize this to say that like specifically<00:02:20.040> I'm<00:02:20.160> thinking<00:02:20.459> that<00:02:20.760> you<00:02:21.120> can 00:02:21.229 --> 00:02:21.239 align:start position:0% specifically I'm thinking that you can 00:02:21.239 --> 00:02:22.729 align:start position:0% specifically I'm thinking that you can make<00:02:21.360> things<00:02:21.599> you<00:02:22.020> can<00:02:22.200> talk<00:02:22.319> about<00:02:22.440> things 00:02:22.729 --> 00:02:22.739 align:start position:0% make things you can talk about things 00:02:22.739 --> 00:02:24.970 align:start position:0% make things you can talk about things you<00:02:22.980> can<00:02:23.099> Fork<00:02:23.459> projects<00:02:23.879> steal<00:02:24.300> things 00:02:24.970 --> 00:02:24.980 align:start position:0% you can Fork projects steal things 00:02:24.980 --> 00:02:27.890 align:start position:0% you can Fork projects steal things modify<00:02:25.980> them<00:02:26.220> share<00:02:26.819> them 00:02:27.890 --> 00:02:27.900 align:start position:0% modify them share them 00:02:27.900 --> 00:02:30.490 align:start position:0% modify them share them but<00:02:28.440> there<00:02:28.620> is<00:02:28.800> a<00:02:29.099> scene<00:02:29.459> and<00:02:29.700> unseen<00:02:30.060> impact 00:02:30.490 --> 00:02:30.500 align:start position:0% but there is a scene and unseen impact 00:02:30.500 --> 00:02:34.070 align:start position:0% but there is a scene and unseen impact and<00:02:31.500> all<00:02:32.459> of<00:02:32.580> you<00:02:32.760> have<00:02:33.120> are<00:02:33.300> familiar<00:02:33.720> with 00:02:34.070 --> 00:02:34.080 align:start position:0% and all of you have are familiar with 00:02:34.080 --> 00:02:36.470 align:start position:0% and all of you have are familiar with the<00:02:34.440> kinds<00:02:34.680> of<00:02:34.800> things<00:02:35.040> that<00:02:35.520> I<00:02:35.760> would<00:02:35.879> say<00:02:36.000> are 00:02:36.470 --> 00:02:36.480 align:start position:0% the kinds of things that I would say are 00:02:36.480 --> 00:02:38.930 align:start position:0% the kinds of things that I would say are seen<00:02:37.080> if<00:02:38.040> you<00:02:38.220> if<00:02:38.520> you're<00:02:38.640> talking<00:02:38.760> about 00:02:38.930 --> 00:02:38.940 align:start position:0% seen if you if you're talking about 00:02:38.940 --> 00:02:40.790 align:start position:0% seen if you if you're talking about things<00:02:39.239> that<00:02:39.360> are<00:02:39.480> seen<00:02:39.660> by<00:02:39.840> the<00:02:39.959> economy<00:02:40.319> this 00:02:40.790 --> 00:02:40.800 align:start position:0% things that are seen by the economy this 00:02:40.800 --> 00:02:42.470 align:start position:0% things that are seen by the economy this is<00:02:40.920> really<00:02:41.099> obvious<00:02:41.459> you<00:02:41.879> have<00:02:42.000> things<00:02:42.239> that 00:02:42.470 --> 00:02:42.480 align:start position:0% is really obvious you have things that 00:02:42.480 --> 00:02:44.630 align:start position:0% is really obvious you have things that people<00:02:42.660> can<00:02:42.900> pay<00:02:43.080> for<00:02:43.260> or<00:02:43.680> not 00:02:44.630 --> 00:02:44.640 align:start position:0% people can pay for or not 00:02:44.640 --> 00:02:46.009 align:start position:0% people can pay for or not um<00:02:44.700> when<00:02:45.120> we<00:02:45.239> talk<00:02:45.420> about<00:02:45.540> things<00:02:45.780> that<00:02:45.900> are 00:02:46.009 --> 00:02:46.019 align:start position:0% um when we talk about things that are 00:02:46.019 --> 00:02:49.729 align:start position:0% um when we talk about things that are unseen<00:02:46.400> the<00:02:47.400> specific<00:02:47.819> framing<00:02:48.360> is 00:02:49.729 --> 00:02:49.739 align:start position:0% unseen the specific framing is 00:02:49.739 --> 00:02:52.790 align:start position:0% unseen the specific framing is uh<00:02:50.280> these<00:02:50.640> are<00:02:50.700> externalities<00:02:51.780> these<00:02:52.500> are 00:02:52.790 --> 00:02:52.800 align:start position:0% uh these are externalities these are 00:02:52.800 --> 00:02:55.610 align:start position:0% uh these are externalities these are indirect<00:02:53.640> costs<00:02:54.180> or<00:02:54.300> benefits 00:02:55.610 --> 00:02:55.620 align:start position:0% indirect costs or benefits 00:02:55.620 --> 00:02:57.350 align:start position:0% indirect costs or benefits um respectively<00:02:56.280> negative<00:02:56.940> and<00:02:57.120> positive 00:02:57.350 --> 00:02:57.360 align:start position:0% um respectively negative and positive 00:02:57.360 --> 00:02:59.390 align:start position:0% um respectively negative and positive externalities<00:02:57.959> that 00:02:59.390 --> 00:02:59.400 align:start position:0% externalities that 00:02:59.400 --> 00:03:02.210 align:start position:0% externalities that affect<00:03:00.000> third<00:03:00.480> parties<00:03:00.900> based<00:03:01.739> on<00:03:01.860> things 00:03:02.210 --> 00:03:02.220 align:start position:0% affect third parties based on things 00:03:02.220 --> 00:03:06.290 align:start position:0% affect third parties based on things that<00:03:02.819> are<00:03:03.060> done<00:03:03.660> somewhere<00:03:04.140> else 00:03:06.290 --> 00:03:06.300 align:start position:0% that are done somewhere else 00:03:06.300 --> 00:03:09.110 align:start position:0% that are done somewhere else you<00:03:07.019> can<00:03:07.500> see<00:03:07.920> very<00:03:08.160> concrete<00:03:08.580> examples<00:03:08.879> of 00:03:09.110 --> 00:03:09.120 align:start position:0% you can see very concrete examples of 00:03:09.120 --> 00:03:10.130 align:start position:0% you can see very concrete examples of these 00:03:10.130 --> 00:03:10.140 align:start position:0% these 00:03:10.140 --> 00:03:13.130 align:start position:0% these um<00:03:10.620> I<00:03:11.220> have<00:03:11.459> two<00:03:12.060> things<00:03:12.540> that<00:03:12.780> you<00:03:12.900> might<00:03:13.019> do 00:03:13.130 --> 00:03:13.140 align:start position:0% um I have two things that you might do 00:03:13.140 --> 00:03:15.170 align:start position:0% um I have two things that you might do create<00:03:13.560> a<00:03:13.920> parking<00:03:14.220> lot<00:03:14.340> or<00:03:14.700> create<00:03:14.879> an<00:03:15.060> apple 00:03:15.170 --> 00:03:15.180 align:start position:0% create a parking lot or create an apple 00:03:15.180 --> 00:03:17.509 align:start position:0% create a parking lot or create an apple orchard<00:03:15.599> with<00:03:16.260> both<00:03:16.560> of<00:03:16.739> these<00:03:16.920> there<00:03:17.340> are 00:03:17.509 --> 00:03:17.519 align:start position:0% orchard with both of these there are 00:03:17.519 --> 00:03:19.190 align:start position:0% orchard with both of these there are clear<00:03:17.819> costs<00:03:18.300> to<00:03:18.420> making<00:03:18.599> it<00:03:18.780> there<00:03:19.019> are<00:03:19.140> clear 00:03:19.190 --> 00:03:19.200 align:start position:0% clear costs to making it there are clear 00:03:19.200 --> 00:03:21.649 align:start position:0% clear costs to making it there are clear benefits<00:03:19.680> to<00:03:19.860> making<00:03:20.040> it<00:03:20.280> and<00:03:21.000> then<00:03:21.300> there<00:03:21.540> are 00:03:21.649 --> 00:03:21.659 align:start position:0% benefits to making it and then there are 00:03:21.659 --> 00:03:23.210 align:start position:0% benefits to making it and then there are also<00:03:21.900> some<00:03:22.140> things<00:03:22.379> that<00:03:22.560> you<00:03:22.680> may<00:03:22.800> or<00:03:22.920> may<00:03:23.099> not 00:03:23.210 --> 00:03:23.220 align:start position:0% also some things that you may or may not 00:03:23.220 --> 00:03:25.970 align:start position:0% also some things that you may or may not be<00:03:23.400> able<00:03:23.580> to<00:03:23.760> capture<00:03:24.720> or<00:03:25.200> describe<00:03:25.680> very 00:03:25.970 --> 00:03:25.980 align:start position:0% be able to capture or describe very 00:03:25.980 --> 00:03:27.110 align:start position:0% be able to capture or describe very clearly 00:03:27.110 --> 00:03:27.120 align:start position:0% clearly 00:03:27.120 --> 00:03:29.509 align:start position:0% clearly um<00:03:27.659> parking<00:03:28.319> lots<00:03:28.620> and<00:03:28.860> asphalt<00:03:29.280> generally 00:03:29.509 --> 00:03:29.519 align:start position:0% um parking lots and asphalt generally 00:03:29.519 --> 00:03:30.949 align:start position:0% um parking lots and asphalt generally has<00:03:29.640> been<00:03:29.819> shown<00:03:29.940> to<00:03:30.120> raise<00:03:30.480> the<00:03:30.720> temperature 00:03:30.949 --> 00:03:30.959 align:start position:0% has been shown to raise the temperature 00:03:30.959 --> 00:03:33.710 align:start position:0% has been shown to raise the temperature of<00:03:31.620> the<00:03:31.980> city<00:03:32.099> just<00:03:32.819> because<00:03:32.940> it<00:03:33.239> absorbs<00:03:33.599> more 00:03:33.710 --> 00:03:33.720 align:start position:0% of the city just because it absorbs more 00:03:33.720 --> 00:03:36.530 align:start position:0% of the city just because it absorbs more sunlight<00:03:34.080> Than<00:03:34.379> Dirt<00:03:34.560> does<00:03:35.239> similarly<00:03:36.239> an 00:03:36.530 --> 00:03:36.540 align:start position:0% sunlight Than Dirt does similarly an 00:03:36.540 --> 00:03:38.930 align:start position:0% sunlight Than Dirt does similarly an apple<00:03:36.720> orchard<00:03:37.140> might<00:03:37.739> reduce<00:03:38.340> flash<00:03:38.700> flood 00:03:38.930 --> 00:03:38.940 align:start position:0% apple orchard might reduce flash flood 00:03:38.940 --> 00:03:40.729 align:start position:0% apple orchard might reduce flash flood risks<00:03:39.360> compared<00:03:39.720> to<00:03:39.780> parking<00:03:40.080> lot<00:03:40.200> but<00:03:40.620> it 00:03:40.729 --> 00:03:40.739 align:start position:0% risks compared to parking lot but it 00:03:40.739 --> 00:03:44.390 align:start position:0% risks compared to parking lot but it might<00:03:40.920> also<00:03:41.159> create<00:03:41.599> issues<00:03:42.599> around<00:03:42.959> uh 00:03:44.390 --> 00:03:44.400 align:start position:0% might also create issues around uh 00:03:44.400 --> 00:03:46.970 align:start position:0% might also create issues around uh the<00:03:44.819> chemical<00:03:45.060> treatments<00:03:45.480> used<00:03:45.780> to<00:03:46.019> grow<00:03:46.739> or 00:03:46.970 --> 00:03:46.980 align:start position:0% the chemical treatments used to grow or 00:03:46.980 --> 00:03:49.009 align:start position:0% the chemical treatments used to grow or protect<00:03:47.220> the<00:03:47.400> crop<00:03:47.640> there's<00:03:48.599> no<00:03:48.840> way 00:03:49.009 --> 00:03:49.019 align:start position:0% protect the crop there's no way 00:03:49.019 --> 00:03:52.070 align:start position:0% protect the crop there's no way currently<00:03:49.440> to<00:03:49.860> track<00:03:50.819> or<00:03:51.120> reward<00:03:51.540> or<00:03:51.900> even 00:03:52.070 --> 00:03:52.080 align:start position:0% currently to track or reward or even 00:03:52.080 --> 00:03:53.990 align:start position:0% currently to track or reward or even like<00:03:52.500> there's<00:03:52.799> no<00:03:53.040> handle<00:03:53.519> that<00:03:53.700> the<00:03:53.879> market 00:03:53.990 --> 00:03:54.000 align:start position:0% like there's no handle that the market 00:03:54.000 --> 00:03:56.509 align:start position:0% like there's no handle that the market can<00:03:54.299> get<00:03:54.540> to<00:03:54.720> grab<00:03:55.080> onto<00:03:55.440> to<00:03:55.860> think<00:03:56.099> about<00:03:56.280> the 00:03:56.509 --> 00:03:56.519 align:start position:0% can get to grab onto to think about the 00:03:56.519 --> 00:03:58.130 align:start position:0% can get to grab onto to think about the positive<00:03:56.760> externalities<00:03:57.299> like<00:03:57.540> the<00:03:57.720> oxygen 00:03:58.130 --> 00:03:58.140 align:start position:0% positive externalities like the oxygen 00:03:58.140 --> 00:04:02.570 align:start position:0% positive externalities like the oxygen that<00:03:58.739> is<00:03:58.920> created<00:03:59.220> by<00:03:59.879> by<00:04:00.720> this<00:04:00.959> apple<00:04:01.140> orchard 00:04:02.570 --> 00:04:02.580 align:start position:0% that is created by by this apple orchard 00:04:02.580 --> 00:04:05.210 align:start position:0% that is created by by this apple orchard and<00:04:03.180> you'll<00:04:03.540> frequently<00:04:03.900> see<00:04:04.200> tables<00:04:05.040> like 00:04:05.210 --> 00:04:05.220 align:start position:0% and you'll frequently see tables like 00:04:05.220 --> 00:04:07.670 align:start position:0% and you'll frequently see tables like this<00:04:05.340> talking<00:04:05.640> about<00:04:06.200> rival<00:04:07.200> risks<00:04:07.560> or 00:04:07.670 --> 00:04:07.680 align:start position:0% this talking about rival risks or 00:04:07.680 --> 00:04:09.229 align:start position:0% this talking about rival risks or excludable<00:04:08.099> Goods<00:04:08.519> when<00:04:08.819> we<00:04:09.000> talk<00:04:09.120> about 00:04:09.229 --> 00:04:09.239 align:start position:0% excludable Goods when we talk about 00:04:09.239 --> 00:04:11.449 align:start position:0% excludable Goods when we talk about these<00:04:09.659> externalities<00:04:10.260> often<00:04:10.739> they<00:04:10.860> fall<00:04:11.099> into 00:04:11.449 --> 00:04:11.459 align:start position:0% these externalities often they fall into 00:04:11.459 --> 00:04:14.330 align:start position:0% these externalities often they fall into the<00:04:11.959> non-excludable<00:04:12.959> category<00:04:13.379> of<00:04:13.920> public 00:04:14.330 --> 00:04:14.340 align:start position:0% the non-excludable category of public 00:04:14.340 --> 00:04:16.849 align:start position:0% the non-excludable category of public goods<00:04:14.760> and<00:04:14.879> Commons<00:04:15.239> and<00:04:15.900> you'll<00:04:16.260> see<00:04:16.500> a<00:04:16.799> lot 00:04:16.849 --> 00:04:16.859 align:start position:0% goods and Commons and you'll see a lot 00:04:16.859 --> 00:04:18.110 align:start position:0% goods and Commons and you'll see a lot of<00:04:16.979> discussion<00:04:17.340> of<00:04:17.459> these<00:04:17.639> These<00:04:18.000> are 00:04:18.110 --> 00:04:18.120 align:start position:0% of discussion of these These are 00:04:18.120 --> 00:04:20.689 align:start position:0% of discussion of these These are rigorous<00:04:18.720> economic<00:04:19.260> terms<00:04:19.680> with<00:04:20.280> formal 00:04:20.689 --> 00:04:20.699 align:start position:0% rigorous economic terms with formal 00:04:20.699 --> 00:04:22.730 align:start position:0% rigorous economic terms with formal definitions<00:04:21.239> but<00:04:21.720> I<00:04:22.079> think<00:04:22.199> that<00:04:22.380> talking 00:04:22.730 --> 00:04:22.740 align:start position:0% definitions but I think that talking 00:04:22.740 --> 00:04:24.170 align:start position:0% definitions but I think that talking about<00:04:22.919> them<00:04:23.100> in<00:04:23.220> terms<00:04:23.400> of<00:04:23.460> externalities<00:04:23.940> is 00:04:24.170 --> 00:04:24.180 align:start position:0% about them in terms of externalities is 00:04:24.180 --> 00:04:26.030 align:start position:0% about them in terms of externalities is a<00:04:24.419> really<00:04:24.540> clean<00:04:25.020> and<00:04:25.259> simplified<00:04:25.620> way<00:04:25.919> of 00:04:26.030 --> 00:04:26.040 align:start position:0% a really clean and simplified way of 00:04:26.040 --> 00:04:29.409 align:start position:0% a really clean and simplified way of saying<00:04:26.280> like<00:04:26.400> there<00:04:26.940> are<00:04:27.060> things<00:04:27.300> that 00:04:29.409 --> 00:04:29.419 align:start position:0% saying like there are things that 00:04:29.419 --> 00:04:33.170 align:start position:0% saying like there are things that are<00:04:30.419> hard<00:04:30.660> to<00:04:30.840> track<00:04:31.199> hard<00:04:31.680> to<00:04:31.919> reward<00:04:32.280> hard<00:04:32.940> to 00:04:33.170 --> 00:04:33.180 align:start position:0% are hard to track hard to reward hard to 00:04:33.180 --> 00:04:35.150 align:start position:0% are hard to track hard to reward hard to say<00:04:33.300> like<00:04:33.660> you<00:04:34.139> did<00:04:34.320> you<00:04:34.680> did<00:04:34.800> great<00:04:34.979> here 00:04:35.150 --> 00:04:35.160 align:start position:0% say like you did you did great here 00:04:35.160 --> 00:04:37.430 align:start position:0% say like you did you did great here here's<00:04:35.580> here's<00:04:35.880> a<00:04:35.940> prize<00:04:36.180> and<00:04:36.360> like 00:04:37.430 --> 00:04:37.440 align:start position:0% here's here's a prize and like 00:04:37.440 --> 00:04:39.650 align:start position:0% here's here's a prize and like prizes<00:04:38.100> themselves<00:04:38.460> all<00:04:38.820> like<00:04:39.120> the<00:04:39.300> Nobel 00:04:39.650 --> 00:04:39.660 align:start position:0% prizes themselves all like the Nobel 00:04:39.660 --> 00:04:41.390 align:start position:0% prizes themselves all like the Nobel Prize<00:04:39.840> for<00:04:40.020> instance<00:04:40.199> is<00:04:40.560> like<00:04:40.740> a<00:04:41.100> way<00:04:41.220> of 00:04:41.390 --> 00:04:41.400 align:start position:0% Prize for instance is like a way of 00:04:41.400 --> 00:04:42.890 align:start position:0% Prize for instance is like a way of tracking<00:04:41.699> the<00:04:41.820> externalities<00:04:42.360> of<00:04:42.660> the 00:04:42.890 --> 00:04:42.900 align:start position:0% tracking the externalities of the 00:04:42.900 --> 00:04:44.810 align:start position:0% tracking the externalities of the benefits<00:04:43.199> of<00:04:43.320> scientific<00:04:43.620> research<00:04:44.040> you'll 00:04:44.810 --> 00:04:44.820 align:start position:0% benefits of scientific research you'll 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align:start position:0% um the get coin regen Finance type uh 00:04:55.380 --> 00:04:57.770 align:start position:0% um the get coin regen Finance type uh like<00:04:55.740> all<00:04:56.160> of<00:04:56.220> these<00:04:56.460> things<00:04:56.580> sort<00:04:57.060> of<00:04:57.180> end<00:04:57.600> up 00:04:57.770 --> 00:04:57.780 align:start position:0% like all of these things sort of end up 00:04:57.780 --> 00:04:59.749 align:start position:0% like all of these things sort of end up thinking<00:04:58.560> about<00:04:58.680> and<00:04:58.979> talking<00:04:59.220> about<00:04:59.400> the 00:04:59.749 --> 00:04:59.759 align:start position:0% thinking about and talking about the 00:04:59.759 --> 00:05:01.490 align:start position:0% thinking about and talking about the same<00:04:59.940> types<00:05:00.300> of<00:05:00.360> models<00:05:00.780> the<00:05:00.900> same<00:05:01.080> types<00:05:01.380> of 00:05:01.490 --> 00:05:01.500 align:start position:0% same types of models the same types of 00:05:01.500 --> 00:05:03.409 align:start position:0% same types of models the same types of goods<00:05:01.860> that<00:05:02.340> are<00:05:02.520> really<00:05:02.699> hard<00:05:02.940> to 00:05:03.409 --> 00:05:03.419 align:start position:0% goods that are really hard to 00:05:03.419 --> 00:05:05.749 align:start position:0% goods that are really hard to incentivize<00:05:04.380> support<00:05:04.680> the<00:05:04.919> creation<00:05:05.160> of<00:05:05.580> Etc 00:05:05.749 --> 00:05:05.759 align:start position:0% incentivize support the creation of Etc 00:05:05.759 --> 00:05:07.490 align:start position:0% incentivize support the creation of Etc I<00:05:06.419> would<00:05:06.540> also<00:05:06.720> highlight<00:05:06.960> that<00:05:07.080> this<00:05:07.259> is<00:05:07.320> a 00:05:07.490 --> 00:05:07.500 align:start position:0% I would also highlight that this is a 00:05:07.500 --> 00:05:10.010 align:start position:0% I would also highlight that this is a very<00:05:07.620> simplified<00:05:07.979> model<00:05:08.540> I<00:05:09.540> really<00:05:09.660> enjoyed 00:05:10.010 --> 00:05:10.020 align:start position:0% very simplified model I really enjoyed 00:05:10.020 --> 00:05:12.230 align:start position:0% very simplified model I really enjoyed this<00:05:10.259> talk<00:05:10.440> about<00:05:10.979> uh 00:05:12.230 --> 00:05:12.240 align:start position:0% this talk about uh 00:05:12.240 --> 00:05:14.689 align:start position:0% this talk about uh how<00:05:12.720> you<00:05:12.900> might<00:05:13.020> frame<00:05:13.440> different<00:05:14.040> types<00:05:14.460> of 00:05:14.689 --> 00:05:14.699 align:start position:0% how you might frame different types of 00:05:14.699 --> 00:05:16.969 align:start position:0% how you might frame different types of goods<00:05:15.060> in<00:05:15.780> addition<00:05:16.020> to<00:05:16.259> rivalrous<00:05:16.740> or 00:05:16.969 --> 00:05:16.979 align:start position:0% goods in addition to rivalrous or 00:05:16.979 --> 00:05:18.230 align:start position:0% goods in addition to rivalrous or non-rivalers<00:05:17.520> you<00:05:17.639> could<00:05:17.759> have<00:05:17.820> semi-rival 00:05:18.230 --> 00:05:18.240 align:start position:0% non-rivalers you could have semi-rival 00:05:18.240 --> 00:05:19.270 align:start position:0% non-rivalers you could have semi-rival riskings<00:05:18.660> you<00:05:18.780> can<00:05:18.840> also<00:05:19.020> have 00:05:19.270 --> 00:05:19.280 align:start position:0% riskings you can also have 00:05:19.280 --> 00:05:23.150 align:start position:0% riskings you can also have anti-rivalrous<00:05:20.280> things<00:05:20.520> and<00:05:21.300> these<00:05:22.080> uh 00:05:23.150 --> 00:05:23.160 align:start position:0% anti-rivalrous things and these uh 00:05:23.160 --> 00:05:25.430 align:start position:0% anti-rivalrous things and these uh this<00:05:23.580> framing<00:05:24.060> is 00:05:25.430 --> 00:05:25.440 align:start position:0% this framing is 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can<00:05:37.259> imagine<00:05:37.440> that<00:05:37.860> there<00:05:38.400> is<00:05:38.580> one<00:05:38.940> action 00:05:39.290 --> 00:05:39.300 align:start position:0% you can imagine that there is one action 00:05:39.300 --> 00:05:43.909 align:start position:0% you can imagine that there is one action that<00:05:40.199> results<00:05:40.380> in<00:05:40.919> a<00:05:41.520> uh 00:05:43.909 --> 00:05:43.919 align:start position:0% that results in a uh 00:05:43.919 --> 00:05:46.390 align:start position:0% that results in a uh possibly<00:05:44.699> uncountably<00:05:45.300> infinite<00:05:45.720> number<00:05:45.960> of 00:05:46.390 --> 00:05:46.400 align:start position:0% possibly uncountably infinite number of 00:05:46.400 --> 00:05:49.189 align:start position:0% possibly uncountably infinite number of impacts<00:05:47.400> externalities<00:05:48.120> positive<00:05:48.780> effects 00:05:49.189 --> 00:05:49.199 align:start position:0% impacts externalities positive effects 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position:0% try to track all of those effects you<00:05:57.360> could<00:05:57.479> try<00:05:57.660> to<00:05:57.780> track<00:05:57.960> those 00:05:58.969 --> 00:05:58.979 align:start position:0% you could try to track those 00:05:58.979 --> 00:06:01.610 align:start position:0% you could try to track those I<00:05:59.400> would<00:05:59.520> claim<00:05:59.880> that<00:06:00.000> it<00:06:00.300> is<00:06:00.360> far<00:06:00.960> simpler<00:06:01.380> and 00:06:01.610 --> 00:06:01.620 align:start position:0% I would claim that it is far simpler and 00:06:01.620 --> 00:06:03.969 align:start position:0% I would claim that it is far simpler and far<00:06:01.740> more<00:06:01.919> effective<00:06:02.340> to<00:06:02.880> just<00:06:03.180> talk<00:06:03.479> about 00:06:03.969 --> 00:06:03.979 align:start position:0% far more effective to just talk about 00:06:03.979 --> 00:06:06.590 align:start position:0% far more effective to just talk about accounting<00:06:04.979> for<00:06:05.280> this<00:06:05.880> initial<00:06:06.240> piece<00:06:06.539> of 00:06:06.590 --> 00:06:06.600 align:start position:0% accounting for this initial piece of 00:06:06.600 --> 00:06:07.310 align:start position:0% accounting for this initial piece of work 00:06:07.310 --> 00:06:07.320 align:start position:0% work 00:06:07.320 --> 00:06:08.689 align:start position:0% work and 00:06:08.689 --> 00:06:08.699 align:start position:0% and 00:06:08.699 --> 00:06:11.390 align:start position:0% and let<00:06:09.300> this<00:06:09.660> and<00:06:09.960> potentially<00:06:10.500> specify<00:06:10.979> some<00:06:11.220> of 00:06:11.390 --> 00:06:11.400 align:start position:0% let this and potentially specify some of 00:06:11.400 --> 00:06:13.909 align:start position:0% let this and potentially specify some of this<00:06:11.460> but<00:06:11.759> mostly<00:06:12.240> just<00:06:13.020> track<00:06:13.320> the<00:06:13.800> things 00:06:13.909 --> 00:06:13.919 align:start position:0% this but mostly just track the things 00:06:13.919 --> 00:06:15.529 align:start position:0% this but mostly just track the things that<00:06:14.100> people<00:06:14.280> are<00:06:14.460> doing<00:06:14.639> and<00:06:15.120> if<00:06:15.240> you<00:06:15.360> have 00:06:15.529 --> 00:06:15.539 align:start position:0% that people are doing and if you have 00:06:15.539 --> 00:06:18.050 align:start position:0% that people are doing and if you have that<00:06:15.780> then<00:06:16.259> you<00:06:16.440> can<00:06:16.560> start<00:06:16.919> building<00:06:17.639> off<00:06:17.940> of 00:06:18.050 --> 00:06:18.060 align:start position:0% that then you can start building off of 00:06:18.060 --> 00:06:20.930 align:start position:0% that then you can start building off of that<00:06:18.240> to<00:06:18.660> understand<00:06:18.840> what 00:06:20.930 --> 00:06:20.940 align:start position:0% that to understand what 00:06:20.940 --> 00:06:23.330 align:start position:0% that to understand what the<00:06:21.479> impacts<00:06:21.780> of<00:06:21.900> a<00:06:22.020> specific<00:06:22.259> action<00:06:22.560> are<00:06:22.800> and 00:06:23.330 --> 00:06:23.340 align:start position:0% the impacts of a specific action are and 00:06:23.340 --> 00:06:25.790 align:start position:0% the impacts of a specific action are and talk<00:06:23.460> about<00:06:23.639> whether<00:06:24.240> those<00:06:24.539> are<00:06:24.780> good<00:06:24.900> what 00:06:25.790 --> 00:06:25.800 align:start position:0% talk about whether those are good what 00:06:25.800 --> 00:06:27.350 align:start position:0% talk about whether those are good what are<00:06:25.979> those<00:06:26.039> impacts<00:06:26.340> are<00:06:26.460> good<00:06:26.580> or<00:06:26.819> bad<00:06:27.000> and 00:06:27.350 --> 00:06:27.360 align:start position:0% are those impacts are good or bad and 00:06:27.360 --> 00:06:28.490 align:start position:0% are those impacts are good or bad and whether<00:06:27.479> or<00:06:27.660> not<00:06:27.660> we<00:06:27.840> want<00:06:27.960> to<00:06:28.080> support<00:06:28.199> them 00:06:28.490 --> 00:06:28.500 align:start position:0% whether or not we want to support them 00:06:28.500 --> 00:06:31.070 align:start position:0% whether or not we want to support them incentivize<00:06:29.160> them<00:06:29.520> Etc 00:06:31.070 --> 00:06:31.080 align:start position:0% incentivize them Etc 00:06:31.080 --> 00:06:33.950 align:start position:0% incentivize them Etc uh<00:06:31.740> today<00:06:32.340> I'm<00:06:32.699> pleased<00:06:33.060> to<00:06:33.120> announce<00:06:33.360> that<00:06:33.660> we 00:06:33.950 --> 00:06:33.960 align:start position:0% uh today I'm pleased to announce that we 00:06:33.960 --> 00:06:36.110 align:start position:0% uh today I'm pleased to announce that we have<00:06:34.259> an<00:06:34.740> ability<00:06:34.979> to<00:06:35.220> track<00:06:35.340> actions<00:06:35.819> in<00:06:36.000> a 00:06:36.110 --> 00:06:36.120 align:start position:0% have an ability to track actions in a 00:06:36.120 --> 00:06:38.150 align:start position:0% have an ability to track actions in a novel<00:06:36.360> way<00:06:36.479> we're<00:06:37.020> calling<00:06:37.319> them<00:06:37.380> hyper<00:06:37.740> certs 00:06:38.150 --> 00:06:38.160 align:start position:0% novel way we're calling them hyper certs 00:06:38.160 --> 00:06:42.529 align:start position:0% novel way we're calling them hyper certs these<00:06:38.880> are<00:06:39.620> a<00:06:40.620> specific<00:06:41.400> interoperable<00:06:42.180> data 00:06:42.529 --> 00:06:42.539 align:start position:0% these are a specific interoperable data 00:06:42.539 --> 00:06:44.029 align:start position:0% these are a specific interoperable data layer<00:06:42.780> to<00:06:43.080> account<00:06:43.259> for<00:06:43.440> actions<00:06:43.800> that<00:06:43.919> are 00:06:44.029 --> 00:06:44.039 align:start position:0% layer to account for actions that are 00:06:44.039 --> 00:06:45.770 align:start position:0% layer to account for actions that are expected<00:06:44.340> to<00:06:44.400> have<00:06:44.520> positive<00:06:44.819> impact<00:06:45.120> you<00:06:45.600> can 00:06:45.770 --> 00:06:45.780 align:start position:0% expected to have positive impact you can 00:06:45.780 --> 00:06:47.290 align:start position:0% expected to have positive impact you can think<00:06:45.900> of<00:06:46.020> it<00:06:46.199> as 00:06:47.290 --> 00:06:47.300 align:start position:0% think of it as 00:06:47.300 --> 00:06:50.749 align:start position:0% think of it as roughly<00:06:48.300> analogous<00:06:48.840> to<00:06:49.380> equity<00:06:49.860> interest<00:06:50.100> in 00:06:50.749 --> 00:06:50.759 align:start position:0% roughly analogous to equity interest in 00:06:50.759 --> 00:06:52.270 align:start position:0% roughly analogous to equity interest in a<00:06:51.000> non-profit<00:06:51.479> Enterprise 00:06:52.270 --> 00:06:52.280 align:start position:0% a non-profit Enterprise 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proportional to<00:06:58.639> the<00:06:59.639> uh 00:07:00.950 --> 00:07:00.960 align:start position:0% to the uh 00:07:00.960 --> 00:07:03.050 align:start position:0% to the uh present<00:07:01.560> discounted<00:07:01.979> future<00:07:02.160> cash<00:07:02.400> flows<00:07:02.819> of 00:07:03.050 --> 00:07:03.060 align:start position:0% present discounted future cash flows of 00:07:03.060 --> 00:07:04.370 align:start position:0% present discounted future cash flows of that<00:07:03.240> Enterprise<00:07:03.419> that<00:07:03.960> you<00:07:04.080> might<00:07:04.199> expect 00:07:04.370 --> 00:07:04.380 align:start position:0% that Enterprise that you might expect 00:07:04.380 --> 00:07:08.570 align:start position:0% that Enterprise that you might expect with<00:07:05.340> some<00:07:05.699> uncertainty<00:07:06.180> tact<00:07:06.479> on<00:07:06.720> and<00:07:07.620> if<00:07:08.400> you 00:07:08.570 --> 00:07:08.580 align:start position:0% with some uncertainty tact on and if you 00:07:08.580 --> 00:07:10.430 align:start position:0% with some uncertainty tact on and if you expect<00:07:08.819> to<00:07:09.060> have<00:07:09.180> impact<00:07:09.539> that<00:07:09.780> is<00:07:10.020> not 00:07:10.430 --> 00:07:10.440 align:start position:0% expect to have impact that is not 00:07:10.440 --> 00:07:12.590 align:start position:0% expect to have impact that is not profitable<00:07:10.860> maybe<00:07:11.759> you're<00:07:11.940> going<00:07:12.120> to<00:07:12.240> cure<00:07:12.360> a 00:07:12.590 --> 00:07:12.600 align:start position:0% profitable maybe you're going to cure a 00:07:12.600 --> 00:07:15.490 align:start position:0% profitable maybe you're going to cure a disease<00:07:12.900> or<00:07:13.639> develop<00:07:14.639> a<00:07:14.759> mechanism<00:07:15.120> to 00:07:15.490 --> 00:07:15.500 align:start position:0% disease or develop a mechanism to 00:07:15.500 --> 00:07:18.110 align:start position:0% disease or develop a mechanism to incentivize<00:07:16.500> the<00:07:17.280> Earth<00:07:17.520> being<00:07:17.699> carbon 00:07:18.110 --> 00:07:18.120 align:start position:0% incentivize the Earth being carbon 00:07:18.120 --> 00:07:20.450 align:start position:0% incentivize the Earth being carbon negative<00:07:18.419> or<00:07:18.720> net<00:07:18.900> carbon<00:07:19.259> neutral<00:07:19.620> then<00:07:20.160> you 00:07:20.450 --> 00:07:20.460 align:start position:0% negative or net carbon neutral then you 00:07:20.460 --> 00:07:22.309 align:start position:0% negative or net carbon neutral then you could<00:07:20.520> imagine<00:07:20.699> that<00:07:21.180> because<00:07:21.840> there's<00:07:22.080> no 00:07:22.309 --> 00:07:22.319 align:start position:0% could imagine that because there's no 00:07:22.319 --> 00:07:25.309 align:start position:0% could imagine that because there's no Revenue<00:07:22.560> there<00:07:23.099> might<00:07:23.280> not<00:07:23.460> be<00:07:23.759> a<00:07:24.479> value<00:07:24.780> to 00:07:25.309 --> 00:07:25.319 align:start position:0% Revenue there might not be a value to 00:07:25.319 --> 00:07:27.230 align:start position:0% Revenue there might not be a value to these<00:07:25.740> uh 00:07:27.230 --> 00:07:27.240 align:start position:0% these uh 00:07:27.240 --> 00:07:29.510 align:start position:0% these uh to<00:07:27.960> the<00:07:28.139> equity-like<00:07:28.680> analog<00:07:29.099> of<00:07:29.340> those 00:07:29.510 --> 00:07:29.520 align:start position:0% to the equity-like analog of those 00:07:29.520 --> 00:07:32.870 align:start position:0% to the equity-like analog of those systems<00:07:29.940> and<00:07:30.599> instead<00:07:31.020> we<00:07:31.319> have<00:07:31.620> a<00:07:32.580> an 00:07:32.870 --> 00:07:32.880 align:start position:0% systems and instead we have a an 00:07:32.880 --> 00:07:35.210 align:start position:0% systems and instead we have a an expectation<00:07:33.300> that<00:07:33.660> we<00:07:33.900> could<00:07:34.020> design<00:07:34.319> and 00:07:35.210 --> 00:07:35.220 align:start position:0% expectation that we could design and 00:07:35.220 --> 00:07:37.969 align:start position:0% expectation that we could design and Implement<00:07:35.580> a<00:07:36.180> paradigm<00:07:36.900> shift<00:07:37.139> that<00:07:37.560> is<00:07:37.740> a 00:07:37.969 --> 00:07:37.979 align:start position:0% Implement a paradigm shift that is a 00:07:37.979 --> 00:07:40.730 align:start position:0% Implement a paradigm shift that is a tool<00:07:38.220> this<00:07:38.520> tool<00:07:38.819> actually<00:07:38.940> coupled<00:07:39.780> with 00:07:40.730 --> 00:07:40.740 align:start position:0% tool this tool actually coupled with 00:07:40.740 --> 00:07:43.370 align:start position:0% tool this tool actually coupled with really<00:07:41.400> a<00:07:41.819> philosophical<00:07:42.419> change<00:07:42.720> about<00:07:43.020> how 00:07:43.370 --> 00:07:43.380 align:start position:0% really a philosophical change about how 00:07:43.380 --> 00:07:45.469 align:start position:0% really a philosophical change about how we<00:07:43.560> think<00:07:43.740> about<00:07:43.860> and<00:07:44.160> how<00:07:44.340> we<00:07:44.520> reward<00:07:44.940> things 00:07:45.469 --> 00:07:45.479 align:start position:0% we think about and how we reward things 00:07:45.479 --> 00:07:48.050 align:start position:0% we think about and how we reward things that<00:07:45.720> we<00:07:45.900> think<00:07:46.080> are<00:07:46.440> useful<00:07:46.860> or<00:07:47.099> valuable<00:07:47.520> and 00:07:48.050 --> 00:07:48.060 align:start position:0% that we think are useful or valuable and 00:07:48.060 --> 00:07:50.270 align:start position:0% that we think are useful or valuable and if<00:07:48.180> we<00:07:48.300> have<00:07:48.479> both<00:07:48.660> of<00:07:48.780> these<00:07:48.960> together<00:07:49.280> then 00:07:50.270 --> 00:07:50.280 align:start position:0% if we have both of these together then 00:07:50.280 --> 00:07:52.670 align:start position:0% if we have both of these together then we<00:07:51.060> can<00:07:51.180> potentially<00:07:51.599> create<00:07:52.020> a<00:07:52.319> shift<00:07:52.500> where 00:07:52.670 --> 00:07:52.680 align:start position:0% we can potentially create a shift where 00:07:52.680 --> 00:07:55.189 align:start position:0% we can potentially create a shift where you're<00:07:53.099> not<00:07:53.340> just<00:07:53.699> uh 00:07:55.189 --> 00:07:55.199 align:start position:0% you're not just uh 00:07:55.199 --> 00:07:57.170 align:start position:0% you're not just uh you're<00:07:55.500> not<00:07:55.680> just<00:07:55.860> paying<00:07:56.160> for<00:07:56.340> things<00:07:56.580> that 00:07:57.170 --> 00:07:57.180 align:start position:0% you're not just paying for things that 00:07:57.180 --> 00:07:58.850 align:start position:0% you're not just paying for things that you<00:07:57.660> can<00:07:57.780> personally<00:07:58.139> own<00:07:58.380> and<00:07:58.560> take<00:07:58.680> home 00:07:58.850 --> 00:07:58.860 align:start position:0% you can personally own and take home 00:07:58.860 --> 00:08:00.409 align:start position:0% you can personally own and take home with<00:07:59.039> you<00:07:59.220> you're<00:07:59.639> paying<00:07:59.880> for<00:08:00.000> things<00:08:00.180> that 00:08:00.409 --> 00:08:00.419 align:start position:0% with you you're paying for things that 00:08:00.419 --> 00:08:02.390 align:start position:0% with you you're paying for things that you<00:08:00.539> can<00:08:00.599> enjoy<00:08:01.020> in<00:08:01.680> the<00:08:01.800> same<00:08:01.860> way<00:08:02.039> that<00:08:02.220> we 00:08:02.390 --> 00:08:02.400 align:start position:0% you can enjoy in the same way that we 00:08:02.400 --> 00:08:05.990 align:start position:0% you can enjoy in the same way that we all<00:08:02.520> enjoy<00:08:02.940> either<00:08:03.800> rule<00:08:04.800> of<00:08:04.919> law<00:08:05.220> Clean<00:08:05.699> Air 00:08:05.990 --> 00:08:06.000 align:start position:0% all enjoy either rule of law Clean Air 00:08:06.000 --> 00:08:10.129 align:start position:0% all enjoy either rule of law Clean Air National<00:08:06.900> Defense<00:08:07.580> uh<00:08:08.580> or 00:08:10.129 --> 00:08:10.139 align:start position:0% National Defense uh or 00:08:10.139 --> 00:08:12.830 align:start position:0% National Defense uh or things<00:08:10.740> like<00:08:10.979> software<00:08:11.520> infrastructure<00:08:12.120> a 00:08:12.830 --> 00:08:12.840 align:start position:0% things like software infrastructure a 00:08:12.840 --> 00:08:15.710 align:start position:0% things like software infrastructure a like<00:08:13.199> fairly<00:08:13.919> cheap<00:08:14.220> deeply<00:08:15.000> subsidized 00:08:15.710 --> 00:08:15.720 align:start position:0% like fairly cheap deeply subsidized 00:08:15.720 --> 00:08:19.550 align:start position:0% like fairly cheap deeply subsidized access<00:08:16.680> to<00:08:17.039> block<00:08:17.340> space<00:08:17.660> on<00:08:18.660> some<00:08:19.080> on<00:08:19.319> your 00:08:19.550 --> 00:08:19.560 align:start position:0% access to block space on some on your 00:08:19.560 --> 00:08:21.710 align:start position:0% access to block space on some on your particular<00:08:19.860> blockchain 00:08:21.710 --> 00:08:21.720 align:start position:0% particular blockchain 00:08:21.720 --> 00:08:24.770 align:start position:0% particular blockchain when<00:08:22.199> I<00:08:22.379> say<00:08:22.500> that<00:08:22.740> this<00:08:22.919> is<00:08:23.280> specific<00:08:23.940> there 00:08:24.770 --> 00:08:24.780 align:start position:0% when I say that this is specific there 00:08:24.780 --> 00:08:26.629 align:start position:0% when I say that this is specific there are<00:08:24.900> six<00:08:25.139> data<00:08:25.560> fields<00:08:25.800> that<00:08:26.160> we<00:08:26.280> think<00:08:26.400> are 00:08:26.629 --> 00:08:26.639 align:start position:0% are six data fields that we think are 00:08:26.639 --> 00:08:28.189 align:start position:0% are six data fields that we think are sufficient<00:08:27.060> to 00:08:28.189 --> 00:08:28.199 align:start position:0% sufficient to 00:08:28.199 --> 00:08:31.490 align:start position:0% sufficient to specify<00:08:28.919> what<00:08:29.520> actions<00:08:29.940> were<00:08:30.240> taken<00:08:30.599> with 00:08:31.490 --> 00:08:31.500 align:start position:0% specify what actions were taken with 00:08:31.500 --> 00:08:33.649 align:start position:0% specify what actions were taken with whatever<00:08:32.099> resolution<00:08:32.700> you<00:08:33.240> might<00:08:33.539> be 00:08:33.649 --> 00:08:33.659 align:start position:0% whatever resolution you might be 00:08:33.659 --> 00:08:35.990 align:start position:0% whatever resolution you might be interested<00:08:34.020> in<00:08:34.140> really<00:08:34.440> and 00:08:35.990 --> 00:08:36.000 align:start position:0% interested in really and 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is<00:08:44.760> not<00:08:45.300> cryptographically<00:08:46.140> verified 00:08:46.550 --> 00:08:46.560 align:start position:0% that is not cryptographically verified 00:08:46.560 --> 00:08:48.590 align:start position:0% that is not cryptographically verified in<00:08:47.519> these 00:08:48.590 --> 00:08:48.600 align:start position:0% in these 00:08:48.600 --> 00:08:50.810 align:start position:0% in these hyperserts<00:08:49.560> the<00:08:49.920> scope<00:08:50.160> of<00:08:50.279> work<00:08:50.459> would<00:08:50.700> be 00:08:50.810 --> 00:08:50.820 align:start position:0% hyperserts the scope of work would be 00:08:50.820 --> 00:08:53.210 align:start position:0% hyperserts the scope of work would be being<00:08:51.060> able<00:08:51.300> to<00:08:51.360> say<00:08:51.540> like<00:08:51.720> oh<00:08:51.959> it<00:08:52.260> was<00:08:52.380> work<00:08:52.920> on 00:08:53.210 --> 00:08:53.220 align:start position:0% being able to say like oh it was work on 00:08:53.220 --> 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of<00:09:00.420> work<00:09:00.540> would<00:09:00.779> be<00:09:00.839> when 00:09:01.070 --> 00:09:01.080 align:start position:0% mapping the time of work would be when 00:09:01.080 --> 00:09:02.930 align:start position:0% mapping the time of work would be when the<00:09:01.200> work<00:09:01.320> was<00:09:01.500> done<00:09:01.800> in<00:09:02.339> contrast<00:09:02.640> to<00:09:02.760> the 00:09:02.930 --> 00:09:02.940 align:start position:0% the work was done in contrast to the 00:09:02.940 --> 00:09:04.550 align:start position:0% the work was done in contrast to the time<00:09:03.060> of<00:09:03.180> impact<00:09:03.540> where<00:09:04.140> you<00:09:04.440> could 00:09:04.550 --> 00:09:04.560 align:start position:0% time of impact where you could 00:09:04.560 --> 00:09:05.630 align:start position:0% time of impact where you could potentially 00:09:05.630 --> 00:09:05.640 align:start position:0% potentially 00:09:05.640 --> 00:09:08.870 align:start position:0% potentially uh<00:09:06.300> talk<00:09:06.720> about<00:09:06.980> how<00:09:07.980> this<00:09:08.279> particular<00:09:08.580> work 00:09:08.870 --> 00:09:08.880 align:start position:0% uh talk about how this particular work 00:09:08.880 --> 00:09:10.430 align:start position:0% uh talk about how this particular work had<00:09:09.420> impact 00:09:10.430 --> 00:09:10.440 align:start position:0% had impact 00:09:10.440 --> 00:09:12.949 align:start position:0% had impact that<00:09:11.040> was<00:09:11.220> at<00:09:11.640> this<00:09:11.760> time<00:09:11.940> like<00:09:12.300> last<00:09:12.779> year 00:09:12.949 --> 00:09:12.959 align:start position:0% that was at this time like last year 00:09:12.959 --> 00:09:14.870 align:start position:0% that was at this time like last year versus<00:09:13.380> the<00:09:13.680> impact<00:09:13.920> that<00:09:14.100> it<00:09:14.220> will<00:09:14.339> have<00:09:14.580> in 00:09:14.870 --> 00:09:14.880 align:start position:0% versus the impact that it will have in 00:09:14.880 --> 00:09:16.550 align:start position:0% versus the impact that it will have in five<00:09:15.000> years<00:09:15.180> and<00:09:15.720> think<00:09:15.899> about<00:09:16.019> those<00:09:16.320> as 00:09:16.550 --> 00:09:16.560 align:start position:0% five years and think about those as 00:09:16.560 --> 00:09:18.650 align:start position:0% five years and think about those as separable<00:09:17.040> objects<00:09:17.580> in<00:09:18.180> addition<00:09:18.360> to<00:09:18.540> the 00:09:18.650 --> 00:09:18.660 align:start position:0% separable objects in addition to the 00:09:18.660 --> 00:09:20.269 align:start position:0% separable objects in addition to the scope<00:09:18.779> of<00:09:18.959> work<00:09:19.140> where<00:09:19.500> maybe<00:09:19.800> your<00:09:20.100> apple 00:09:20.269 --> 00:09:20.279 align:start position:0% scope of work where maybe your apple 00:09:20.279 --> 00:09:23.630 align:start position:0% scope of work where maybe your apple orchard<00:09:20.700> both<00:09:21.060> uh<00:09:21.600> reduces<00:09:22.080> flood<00:09:22.440> risks<00:09:22.800> and 00:09:23.630 --> 00:09:23.640 align:start position:0% orchard both uh reduces flood risks and 00:09:23.640 --> 00:09:24.769 align:start position:0% orchard both uh reduces flood risks and uh 00:09:24.769 --> 00:09:24.779 align:start position:0% uh 00:09:24.779 --> 00:09:27.050 align:start position:0% uh and<00:09:25.500> provides<00:09:26.040> carbon<00:09:26.339> sequestration<00:09:26.880> and 00:09:27.050 --> 00:09:27.060 align:start position:0% and provides carbon sequestration and 00:09:27.060 --> 00:09:29.389 align:start position:0% and provides carbon sequestration and oxygen<00:09:27.480> and<00:09:28.080> the<00:09:28.260> rights<00:09:28.680> would<00:09:28.860> be<00:09:29.040> this 00:09:29.389 --> 00:09:29.399 align:start position:0% oxygen and the rights would be this 00:09:29.399 --> 00:09:31.070 align:start position:0% oxygen and the rights would be this generalized<00:09:30.060> field<00:09:30.240> in<00:09:30.540> which<00:09:30.720> you<00:09:30.899> could 00:09:31.070 --> 00:09:31.080 align:start position:0% generalized field in which you could 00:09:31.080 --> 00:09:33.790 align:start position:0% generalized field in which you could incorporate<00:09:31.980> bragging<00:09:32.580> rights<00:09:32.940> along<00:09:33.360> into 00:09:33.790 --> 00:09:33.800 align:start position:0% incorporate bragging rights along into 00:09:33.800 --> 00:09:37.430 align:start position:0% incorporate bragging rights along into embed<00:09:34.800> and<00:09:35.160> transfer<00:09:35.580> bragging<00:09:36.360> rights<00:09:36.720> IP 00:09:37.430 --> 00:09:37.440 align:start position:0% embed and transfer bragging rights IP 00:09:37.440 --> 00:09:41.449 align:start position:0% embed and transfer bragging rights IP rights<00:09:38.399> Etc<00:09:38.519> with<00:09:39.420> the<00:09:40.380> uh<00:09:40.920> with<00:09:41.339> the 00:09:41.449 --> 00:09:41.459 align:start position:0% rights Etc with the uh with the 00:09:41.459 --> 00:09:43.790 align:start position:0% rights Etc with the uh with the hypersert<00:09:41.880> object<00:09:42.180> itself<00:09:42.540> and<00:09:43.140> these<00:09:43.560> aren't 00:09:43.790 --> 00:09:43.800 align:start position:0% hypersert object itself and these aren't 00:09:43.800 --> 00:09:46.070 align:start position:0% hypersert object itself and these aren't at<00:09:44.459> this<00:09:44.580> point<00:09:44.700> wholly<00:09:45.240> abstract<00:09:45.660> oh 00:09:46.070 --> 00:09:46.080 align:start position:0% at this point wholly abstract oh 00:09:46.080 --> 00:09:48.050 align:start position:0% at this point wholly abstract oh actually<00:09:46.320> I'll<00:09:46.560> get<00:09:46.800> to<00:09:46.860> that<00:09:46.980> moment<00:09:47.220> one 00:09:48.050 --> 00:09:48.060 align:start position:0% actually I'll get to that moment one 00:09:48.060 --> 00:09:49.430 align:start position:0% actually I'll get to that moment one thing<00:09:48.180> that's<00:09:48.360> very<00:09:48.540> important 00:09:49.430 --> 00:09:49.440 align:start position:0% thing that's very important 00:09:49.440 --> 00:09:52.130 align:start position:0% thing that's very important um<00:09:49.500> when<00:09:49.800> you're<00:09:49.980> talking<00:09:50.220> about<00:09:50.779> these<00:09:51.779> this 00:09:52.130 --> 00:09:52.140 align:start position:0% um when you're talking about these this 00:09:52.140 --> 00:09:54.470 align:start position:0% um when you're talking about these this data<00:09:52.440> structure<00:09:52.740> in<00:09:52.920> this<00:09:53.100> data<00:09:53.339> layer<00:09:53.640> is<00:09:54.240> the 00:09:54.470 --> 00:09:54.480 align:start position:0% data structure in this data layer is the 00:09:54.480 --> 00:09:55.850 align:start position:0% data structure in this data layer is the ability<00:09:54.660> to<00:09:54.779> do<00:09:54.899> robust<00:09:55.200> accounting<00:09:55.620> you 00:09:55.850 --> 00:09:55.860 align:start position:0% ability to do robust accounting you 00:09:55.860 --> 00:09:57.530 align:start position:0% ability to do robust accounting you could<00:09:55.980> imagine<00:09:56.160> that<00:09:56.700> the<00:09:57.120> way<00:09:57.240> that<00:09:57.360> you 00:09:57.530 --> 00:09:57.540 align:start position:0% could imagine that the way that you 00:09:57.540 --> 00:09:59.150 align:start position:0% could imagine that the way that you would<00:09:57.660> generate<00:09:58.019> these<00:09:58.260> might<00:09:58.620> not<00:09:58.800> be 00:09:59.150 --> 00:09:59.160 align:start position:0% would generate these might not be 00:09:59.160 --> 00:10:02.570 align:start position:0% would generate these might not be splitting<00:09:59.760> them<00:09:59.880> in<00:10:00.540> the<00:10:01.019> ways<00:10:01.320> that<00:10:01.500> where 00:10:02.570 --> 00:10:02.580 align:start position:0% splitting them in the ways that where 00:10:02.580 --> 00:10:05.449 align:start position:0% splitting them in the ways that where the<00:10:03.120> pieces<00:10:03.420> are<00:10:03.600> most<00:10:03.779> recognizable<00:10:04.380> and<00:10:05.220> as 00:10:05.449 --> 00:10:05.459 align:start position:0% the pieces are most recognizable and as 00:10:05.459 --> 00:10:07.250 align:start position:0% the pieces are most recognizable and as valuable<00:10:05.880> for<00:10:06.180> their<00:10:06.300> output<00:10:06.600> so<00:10:06.959> you<00:10:07.200> could 00:10:07.250 --> 00:10:07.260 align:start position:0% valuable for their output so you could 00:10:07.260 --> 00:10:09.050 align:start position:0% valuable for their output so you could imagine<00:10:07.440> generating<00:10:07.980> these<00:10:08.279> as<00:10:08.519> the<00:10:08.760> work<00:10:08.880> you 00:10:09.050 --> 00:10:09.060 align:start position:0% imagine generating these as the work you 00:10:09.060 --> 00:10:10.970 align:start position:0% imagine generating these as the work you do<00:10:09.180> on<00:10:09.420> a<00:10:09.540> project<00:10:09.660> quarterly<00:10:10.200> but<00:10:10.680> the<00:10:10.860> thing 00:10:10.970 --> 00:10:10.980 align:start position:0% do on a project quarterly but the thing 00:10:10.980 --> 00:10:13.730 align:start position:0% do on a project quarterly but the thing that<00:10:11.160> you<00:10:11.339> really<00:10:11.399> want<00:10:11.640> to<00:10:11.760> support<00:10:11.940> as<00:10:12.779> an<00:10:13.140> or 00:10:13.730 --> 00:10:13.740 align:start position:0% that you really want to support as an or 00:10:13.740 --> 00:10:15.110 align:start position:0% that you really want to support as an or something<00:10:14.100> the<00:10:14.279> thing<00:10:14.399> someone<00:10:14.580> really<00:10:14.820> might 00:10:15.110 --> 00:10:15.120 align:start position:0% something the thing someone really might 00:10:15.120 --> 00:10:17.030 align:start position:0% something the thing someone really might want<00:10:15.240> to<00:10:15.360> support<00:10:15.480> would<00:10:15.839> be<00:10:16.080> specifically 00:10:17.030 --> 00:10:17.040 align:start position:0% want to support would be specifically 00:10:17.040 --> 00:10:20.570 align:start position:0% want to support would be specifically like<00:10:17.700> one<00:10:18.180> one<00:10:18.480> feature<00:10:18.899> that<00:10:19.620> was<00:10:19.740> built<00:10:20.100> and 00:10:20.570 --> 00:10:20.580 align:start position:0% like one one feature that was built and 00:10:20.580 --> 00:10:21.889 align:start position:0% like one one feature that was built and that's<00:10:20.880> the<00:10:21.060> feature<00:10:21.360> that<00:10:21.540> makes<00:10:21.660> this 00:10:21.889 --> 00:10:21.899 align:start position:0% that's the feature that makes this 00:10:21.899 --> 00:10:23.690 align:start position:0% that's the feature that makes this product<00:10:22.080> particularly<00:10:22.620> useful<00:10:22.980> for<00:10:23.160> them<00:10:23.339> or 00:10:23.690 --> 00:10:23.700 align:start position:0% product particularly useful for them or 00:10:23.700 --> 00:10:25.070 align:start position:0% product particularly useful for them or you<00:10:23.820> could<00:10:23.940> imagine 00:10:25.070 --> 00:10:25.080 align:start position:0% you could imagine 00:10:25.080 --> 00:10:27.170 align:start position:0% you could imagine uh<00:10:25.740> one<00:10:25.980> particular<00:10:26.339> type<00:10:26.519> of<00:10:26.640> Outreach<00:10:27.000> that 00:10:27.170 --> 00:10:27.180 align:start position:0% uh one particular type of Outreach that 00:10:27.180 --> 00:10:30.110 align:start position:0% uh one particular type of Outreach that led<00:10:27.360> to<00:10:27.600> a<00:10:28.019> huge<00:10:28.200> growth<00:10:28.500> in<00:10:28.560> users<00:10:28.980> that<00:10:29.640> uh 00:10:30.110 --> 00:10:30.120 align:start position:0% led to a huge growth in users that uh 00:10:30.120 --> 00:10:32.570 align:start position:0% led to a huge growth in users that uh and<00:10:30.420> a<00:10:30.600> whole<00:10:30.660> new<00:10:30.779> use<00:10:30.959> case<00:10:31.200> that<00:10:31.860> made<00:10:32.100> this 00:10:32.570 --> 00:10:32.580 align:start position:0% and a whole new use case that made this 00:10:32.580 --> 00:10:34.850 align:start position:0% and a whole new use case that made this project<00:10:32.760> particularly<00:10:33.480> valuable<00:10:33.839> to<00:10:34.140> a<00:10:34.260> user 00:10:34.850 --> 00:10:34.860 align:start position:0% project particularly valuable to a user 00:10:34.860 --> 00:10:37.910 align:start position:0% project particularly valuable to a user or<00:10:35.100> a<00:10:35.279> community<00:10:35.399> or<00:10:36.180> a<00:10:36.360> company 00:10:37.910 --> 00:10:37.920 align:start position:0% or a community or a company 00:10:37.920 --> 00:10:39.530 align:start position:0% or a community or a company um I<00:10:38.220> say<00:10:38.459> Accounting<00:10:38.880> in<00:10:39.000> that<00:10:39.180> this<00:10:39.360> is 00:10:39.530 --> 00:10:39.540 align:start position:0% um I say Accounting in that this is 00:10:39.540 --> 00:10:42.170 align:start position:0% um I say Accounting in that this is roughly<00:10:40.080> analogous<00:10:40.620> to<00:10:41.160> uh 00:10:42.170 --> 00:10:42.180 align:start position:0% roughly analogous to uh 00:10:42.180 --> 00:10:44.150 align:start position:0% roughly analogous to uh Double<00:10:42.540> Entry<00:10:42.899> bookkeeping<00:10:43.440> which<00:10:43.860> I<00:10:44.040> would 00:10:44.150 --> 00:10:44.160 align:start position:0% Double Entry bookkeeping which I would 00:10:44.160 --> 00:10:46.250 align:start position:0% Double Entry bookkeeping which I would claim<00:10:44.399> is<00:10:44.640> another<00:10:44.940> fairly<00:10:45.720> revolutionary 00:10:46.250 --> 00:10:46.260 align:start position:0% claim is another fairly revolutionary 00:10:46.260 --> 00:10:48.530 align:start position:0% claim is another fairly revolutionary structure<00:10:46.920> like<00:10:47.399> coordination<00:10:48.120> mechanism 00:10:48.530 --> 00:10:48.540 align:start position:0% structure like coordination mechanism 00:10:48.540 --> 00:10:52.569 align:start position:0% structure like coordination mechanism among<00:10:49.079> humans<00:10:49.680> at<00:10:49.920> scale<00:10:50.300> uh<00:10:51.300> this<00:10:52.079> is<00:10:52.260> not 00:10:52.569 --> 00:10:52.579 align:start position:0% among humans at scale uh this is not 00:10:52.579 --> 00:10:55.490 align:start position:0% among humans at scale uh this is not some<00:10:53.579> hypothetical<00:10:54.120> thing<00:10:54.300> we<00:10:54.720> actually<00:10:54.899> have 00:10:55.490 --> 00:10:55.500 align:start position:0% some hypothetical thing we actually have 00:10:55.500 --> 00:10:58.490 align:start position:0% some hypothetical thing we actually have a<00:10:56.160> pilot<00:10:56.519> app<00:10:56.700> that<00:10:57.360> is<00:10:57.600> live<00:10:57.959> on<00:10:58.200> the<00:10:58.260> girly 00:10:58.490 --> 00:10:58.500 align:start position:0% a pilot app that is live on the girly 00:10:58.500 --> 00:11:01.850 align:start position:0% a pilot app that is live on the girly test<00:10:58.740> net<00:10:58.920> the<00:10:59.700> back<00:10:59.880> end<00:11:00.000> is<00:11:00.420> an<00:11:00.660> ERC<00:11:01.019> 3525 00:11:01.850 --> 00:11:01.860 align:start position:0% test net the back end is an ERC 3525 00:11:01.860 --> 00:11:04.730 align:start position:0% test net the back end is an ERC 3525 which<00:11:02.100> extend<00:11:02.519> extends<00:11:03.000> 721<00:11:03.540> and<00:11:04.019> so<00:11:04.260> these 00:11:04.730 --> 00:11:04.740 align:start position:0% which extend extends 721 and so these 00:11:04.740 --> 00:11:07.610 align:start position:0% which extend extends 721 and so these are<00:11:04.980> these<00:11:05.459> do<00:11:05.640> exist<00:11:06.000> as<00:11:06.360> nfts 00:11:07.610 --> 00:11:07.620 align:start position:0% are these do exist as nfts 00:11:07.620 --> 00:11:10.370 align:start position:0% are these do exist as nfts um<00:11:07.680> we've<00:11:08.220> partnered<00:11:08.579> with<00:11:08.880> uh<00:11:09.360> Kevin<00:11:09.779> owaki 00:11:10.370 --> 00:11:10.380 align:start position:0% um we've partnered with uh Kevin owaki 00:11:10.380 --> 00:11:14.269 align:start position:0% um we've partnered with uh Kevin owaki and<00:11:11.279> others<00:11:11.700> at<00:11:11.880> gitcoin<00:11:12.540> to<00:11:12.839> make<00:11:13.140> uh<00:11:13.860> fairly 00:11:14.269 --> 00:11:14.279 align:start position:0% and others at gitcoin to make uh fairly 00:11:14.279 --> 00:11:16.009 align:start position:0% and others at gitcoin to make uh fairly nice<00:11:14.459> uh 00:11:16.009 --> 00:11:16.019 align:start position:0% nice uh 00:11:16.019 --> 00:11:18.470 align:start position:0% nice uh rendering<00:11:16.800> svgs<00:11:17.399> for<00:11:17.700> these<00:11:18.000> so<00:11:18.240> that<00:11:18.360> when 00:11:18.470 --> 00:11:18.480 align:start position:0% rendering svgs for these so that when 00:11:18.480 --> 00:11:19.910 align:start position:0% rendering svgs for these so that when you<00:11:18.600> look<00:11:18.720> at<00:11:18.839> them<00:11:18.899> you<00:11:19.140> can<00:11:19.260> see<00:11:19.380> not<00:11:19.680> just 00:11:19.910 --> 00:11:19.920 align:start position:0% you look at them you can see not just 00:11:19.920 --> 00:11:22.910 align:start position:0% you look at them you can see not just some<00:11:20.399> set<00:11:20.640> of<00:11:20.760> text<00:11:20.880> Fields<00:11:21.300> but<00:11:21.899> this<00:11:22.380> is<00:11:22.680> very 00:11:22.910 --> 00:11:22.920 align:start position:0% some set of text Fields but this is very 00:11:22.920 --> 00:11:25.250 align:start position:0% some set of text Fields but this is very generalizable 00:11:25.250 --> 00:11:25.260 align:start position:0% generalizable 00:11:25.260 --> 00:11:28.610 align:start position:0% generalizable and<00:11:26.060> my<00:11:27.060> claim<00:11:27.360> is<00:11:27.480> that<00:11:27.779> tomorrow<00:11:28.079> people 00:11:28.610 --> 00:11:28.620 align:start position:0% and my claim is that tomorrow people 00:11:28.620 --> 00:11:30.949 align:start position:0% and my claim is that tomorrow people actually<00:11:29.459> uh 00:11:30.949 --> 00:11:30.959 align:start position:0% actually uh 00:11:30.959 --> 00:11:33.730 align:start position:0% actually uh yeah<00:11:31.200> you<00:11:31.500> so<00:11:31.680> you<00:11:31.980> can<00:11:32.100> go<00:11:32.459> on<00:11:32.640> uh<00:11:32.940> to 00:11:33.730 --> 00:11:33.740 align:start position:0% yeah you so you can go on uh to 00:11:33.740 --> 00:11:36.110 align:start position:0% yeah you so you can go on uh to pilot.hypersearch.xyz<00:11:34.740> and<00:11:35.399> create<00:11:35.700> mint 00:11:36.110 --> 00:11:36.120 align:start position:0% pilot.hypersearch.xyz and create mint 00:11:36.120 --> 00:11:38.569 align:start position:0% pilot.hypersearch.xyz and create mint these<00:11:36.360> play<00:11:36.540> with<00:11:36.779> them<00:11:36.899> and 00:11:38.569 --> 00:11:38.579 align:start position:0% these play with them and 00:11:38.579 --> 00:11:40.850 align:start position:0% these play with them and I<00:11:39.120> will<00:11:39.300> be<00:11:39.480> sharing<00:11:39.720> the<00:11:39.839> roadmap<00:11:40.200> later<00:11:40.620> on 00:11:40.850 --> 00:11:40.860 align:start position:0% I will be sharing the roadmap later on 00:11:40.860 --> 00:11:44.630 align:start position:0% I will be sharing the roadmap later on on<00:11:41.220> what<00:11:41.880> this<00:11:42.000> looks<00:11:42.300> like<00:11:42.480> and<00:11:43.140> uh<00:11:43.860> what<00:11:44.519> our 00:11:44.630 --> 00:11:44.640 align:start position:0% on what this looks like and uh what our 00:11:44.640 --> 00:11:47.389 align:start position:0% on what this looks like and uh what our plans<00:11:44.820> are<00:11:45.060> for<00:11:45.420> a<00:11:46.140> broader<00:11:46.800> launch<00:11:46.980> and<00:11:47.279> the 00:11:47.389 --> 00:11:47.399 align:start position:0% plans are for a broader launch and the 00:11:47.399 --> 00:11:49.370 align:start position:0% plans are for a broader launch and the claim<00:11:47.640> is<00:11:47.760> that<00:11:48.000> tomorrow<00:11:48.420> people<00:11:48.839> will<00:11:49.140> use 00:11:49.370 --> 00:11:49.380 align:start position:0% claim is that tomorrow people will use 00:11:49.380 --> 00:11:51.949 align:start position:0% claim is that tomorrow people will use these<00:11:49.680> to<00:11:49.860> coordinate<00:11:50.220> in<00:11:50.459> new<00:11:50.579> ways<00:11:50.940> this<00:11:51.839> is 00:11:51.949 --> 00:11:51.959 align:start position:0% these to coordinate in new ways this is 00:11:51.959 --> 00:11:53.630 align:start position:0% these to coordinate in new ways this is my<00:11:52.140> hope<00:11:52.320> I<00:11:52.680> think<00:11:52.800> that<00:11:52.920> this<00:11:53.100> would<00:11:53.220> be<00:11:53.339> if 00:11:53.630 --> 00:11:53.640 align:start position:0% my hope I think that this would be if 00:11:53.640 --> 00:11:57.110 align:start position:0% my hope I think that this would be if possible<00:11:54.060> if<00:11:54.839> adopted<00:11:55.560> a<00:11:56.339> significantly 00:11:57.110 --> 00:11:57.120 align:start position:0% possible if adopted a significantly 00:11:57.120 --> 00:11:59.949 align:start position:0% possible if adopted a significantly brighter<00:11:57.540> future<00:11:57.660> in<00:11:57.959> which<00:11:58.079> anything<00:11:58.519> from 00:11:59.949 --> 00:11:59.959 align:start position:0% brighter future in which anything from 00:11:59.959 --> 00:12:05.449 align:start position:0% brighter future in which anything from creating<00:12:00.959> novel<00:12:01.860> knowledge<00:12:02.459> to<00:12:03.060> open<00:12:03.660> data<00:12:04.140> to 00:12:05.449 --> 00:12:05.459 align:start position:0% creating novel knowledge to open data to 00:12:05.459 --> 00:12:08.269 align:start position:0% creating novel knowledge to open data to uh<00:12:06.300> scientific<00:12:07.079> breakthroughs<00:12:07.740> to<00:12:08.040> Community 00:12:08.269 --> 00:12:08.279 align:start position:0% uh scientific breakthroughs to Community 00:12:08.279 --> 00:12:11.389 align:start position:0% uh scientific breakthroughs to Community Support<00:12:08.779> to<00:12:09.779> a<00:12:10.079> carbon<00:12:10.440> sequestration<00:12:11.040> could 00:12:11.389 --> 00:12:11.399 align:start position:0% Support to a carbon sequestration could 00:12:11.399 --> 00:12:13.130 align:start position:0% Support to a carbon sequestration could be<00:12:11.579> things<00:12:11.760> that<00:12:12.060> you<00:12:12.180> can<00:12:12.300> suddenly<00:12:12.720> support 00:12:13.130 --> 00:12:13.140 align:start position:0% be things that you can suddenly support 00:12:13.140 --> 00:12:16.009 align:start position:0% be things that you can suddenly support efforts<00:12:13.800> from<00:12:13.980> in<00:12:14.640> the<00:12:14.820> same<00:12:14.940> way<00:12:15.060> that<00:12:15.300> like<00:12:15.660> I 00:12:16.009 --> 00:12:16.019 align:start position:0% efforts from in the same way that like I 00:12:16.019 --> 00:12:17.930 align:start position:0% efforts from in the same way that like I can't<00:12:16.200> as<00:12:16.620> an<00:12:16.740> American<00:12:16.860> citizen<00:12:17.399> support<00:12:17.700> a 00:12:17.930 --> 00:12:17.940 align:start position:0% can't as an American citizen support a 00:12:17.940 --> 00:12:19.670 align:start position:0% can't as an American citizen support a particular<00:12:18.180> NASA<00:12:18.540> mission 00:12:19.670 --> 00:12:19.680 align:start position:0% particular NASA mission 00:12:19.680 --> 00:12:21.530 align:start position:0% particular NASA mission because<00:12:20.100> there<00:12:20.459> isn't<00:12:20.700> a<00:12:20.820> like<00:12:21.360> physical 00:12:21.530 --> 00:12:21.540 align:start position:0% because there isn't a like physical 00:12:21.540 --> 00:12:23.269 align:start position:0% because there isn't a like physical affordance<00:12:22.079> for<00:12:22.260> me<00:12:22.380> to<00:12:22.440> do<00:12:22.560> that<00:12:22.680> in<00:12:23.100> the<00:12:23.160> same 00:12:23.269 --> 00:12:23.279 align:start position:0% affordance for me to do that in the same 00:12:23.279 --> 00:12:25.310 align:start position:0% affordance for me to do that in the same way<00:12:23.399> that<00:12:23.579> I<00:12:23.700> can<00:12:23.820> support<00:12:24.000> food<00:12:24.839> banks<00:12:25.200> and 00:12:25.310 --> 00:12:25.320 align:start position:0% way that I can support food banks and 00:12:25.320 --> 00:12:27.470 align:start position:0% way that I can support food banks and homeless<00:12:25.560> shelters<00:12:25.980> and<00:12:26.459> hypersuits<00:12:27.240> should 00:12:27.470 --> 00:12:27.480 align:start position:0% homeless shelters and hypersuits should 00:12:27.480 --> 00:12:29.930 align:start position:0% homeless shelters and hypersuits should generalize<00:12:28.079> that<00:12:28.440> to<00:12:29.160> be<00:12:29.579> able<00:12:29.700> to<00:12:29.820> support 00:12:29.930 --> 00:12:29.940 align:start position:0% generalize that to be able to support 00:12:29.940 --> 00:12:32.210 align:start position:0% generalize that to be able to support any<00:12:30.540> kind<00:12:30.720> of<00:12:30.839> action<00:12:31.200> that<00:12:31.860> people<00:12:31.980> are 00:12:32.210 --> 00:12:32.220 align:start position:0% any kind of action that people are 00:12:32.220 --> 00:12:33.590 align:start position:0% any kind of action that people are taking 00:12:33.590 --> 00:12:33.600 align:start position:0% taking 00:12:33.600 --> 00:12:36.170 align:start position:0% taking it<00:12:34.079> is<00:12:34.200> worth<00:12:34.320> noting<00:12:34.740> that<00:12:35.279> when<00:12:35.820> we<00:12:36.000> talk 00:12:36.170 --> 00:12:36.180 align:start position:0% it is worth noting that when we talk 00:12:36.180 --> 00:12:37.190 align:start position:0% it is worth noting that when we talk about<00:12:36.300> hyper<00:12:36.660> certs<00:12:36.959> and<00:12:37.019> impact 00:12:37.190 --> 00:12:37.200 align:start position:0% about hyper certs and impact 00:12:37.200 --> 00:12:38.930 align:start position:0% about hyper certs and impact certificates<00:12:37.680> people<00:12:37.980> typically<00:12:38.399> think<00:12:38.700> that 00:12:38.930 --> 00:12:38.940 align:start position:0% certificates people typically think that 00:12:38.940 --> 00:12:40.190 align:start position:0% certificates people typically think that all<00:12:39.120> these<00:12:39.360> actions<00:12:39.660> have<00:12:39.839> to<00:12:39.959> have<00:12:40.079> happened 00:12:40.190 --> 00:12:40.200 align:start position:0% all these actions have to have happened 00:12:40.200 --> 00:12:43.190 align:start position:0% all these actions have to have happened in<00:12:40.560> the<00:12:40.680> past<00:12:40.820> and<00:12:41.820> I<00:12:42.120> want<00:12:42.300> to<00:12:42.540> hopefully 00:12:43.190 --> 00:12:43.200 align:start position:0% in the past and I want to hopefully 00:12:43.200 --> 00:12:45.230 align:start position:0% in the past and I want to hopefully disabuse<00:12:43.740> you<00:12:43.980> of<00:12:44.100> that<00:12:44.279> notion<00:12:44.579> and<00:12:45.060> explain 00:12:45.230 --> 00:12:45.240 align:start position:0% disabuse you of that notion and explain 00:12:45.240 --> 00:12:47.389 align:start position:0% disabuse you of that notion and explain that<00:12:45.600> there<00:12:45.720> is<00:12:45.959> a<00:12:46.260> incredibly<00:12:46.680> impactful<00:12:47.160> way 00:12:47.389 --> 00:12:47.399 align:start position:0% that there is a incredibly impactful way 00:12:47.399 --> 00:12:49.790 align:start position:0% that there is a incredibly impactful way that<00:12:47.940> you<00:12:48.120> can<00:12:48.240> influence<00:12:48.839> future<00:12:49.260> decisions 00:12:49.790 --> 00:12:49.800 align:start position:0% that you can influence future decisions 00:12:49.800 --> 00:12:52.250 align:start position:0% that you can influence future decisions with<00:12:50.700> retroactive<00:12:51.300> funding<00:12:51.660> and<00:12:52.019> that<00:12:52.139> is 00:12:52.250 --> 00:12:52.260 align:start position:0% with retroactive funding and that is 00:12:52.260 --> 00:12:53.389 align:start position:0% with retroactive funding and that is what<00:12:52.380> we're<00:12:52.440> targeting<00:12:52.800> for<00:12:52.980> our<00:12:53.160> first<00:12:53.220> use 00:12:53.389 --> 00:12:53.399 align:start position:0% what we're targeting for our first use 00:12:53.399 --> 00:12:56.269 align:start position:0% what we're targeting for our first use cases<00:12:53.820> for<00:12:54.060> hyperserts<00:12:54.920> specifically<00:12:55.920> you 00:12:56.269 --> 00:12:56.279 align:start position:0% cases for hyperserts specifically you 00:12:56.279 --> 00:12:58.190 align:start position:0% cases for hyperserts specifically you could<00:12:56.399> imagine<00:12:56.579> that 00:12:58.190 --> 00:12:58.200 align:start position:0% could imagine that 00:12:58.200 --> 00:13:00.889 align:start position:0% could imagine that uh<00:12:58.920> oh<00:12:59.160> I<00:12:59.279> do<00:12:59.399> not<00:12:59.579> have<00:12:59.700> a<00:12:59.880> I<00:13:00.540> do<00:13:00.600> not<00:13:00.720> have<00:13:00.839> a 00:13:00.889 --> 00:13:00.899 align:start position:0% uh oh I do not have a I do not have a 00:13:00.899 --> 00:13:02.509 align:start position:0% uh oh I do not have a I do not have a laser<00:13:01.139> pointer<00:13:01.380> I<00:13:01.500> do<00:13:01.620> not<00:13:01.740> think 00:13:02.509 --> 00:13:02.519 align:start position:0% laser pointer I do not think 00:13:02.519 --> 00:13:04.009 align:start position:0% laser pointer I do not think um so 00:13:04.009 --> 00:13:04.019 align:start position:0% um so 00:13:04.019 --> 00:13:06.350 align:start position:0% um so this<00:13:04.740> is<00:13:04.920> a<00:13:05.160> diagram<00:13:05.399> that<00:13:05.639> shows<00:13:05.940> progression 00:13:06.350 --> 00:13:06.360 align:start position:0% this is a diagram that shows progression 00:13:06.360 --> 00:13:07.730 align:start position:0% this is a diagram that shows progression of<00:13:06.480> time<00:13:06.600> you<00:13:07.019> can<00:13:07.079> imagine<00:13:07.200> that<00:13:07.440> typically 00:13:07.730 --> 00:13:07.740 align:start position:0% of time you can imagine that typically 00:13:07.740 --> 00:13:09.829 align:start position:0% of time you can imagine that typically when<00:13:07.980> these<00:13:08.220> actions<00:13:08.579> take<00:13:08.880> place<00:13:09.060> that<00:13:09.660> you 00:13:09.829 --> 00:13:09.839 align:start position:0% when these actions take place that you 00:13:09.839 --> 00:13:12.590 align:start position:0% when these actions take place that you want<00:13:10.019> to<00:13:10.079> see<00:13:10.380> uh<00:13:11.220> the<00:13:11.760> impact<00:13:12.000> before<00:13:12.360> the 00:13:12.590 --> 00:13:12.600 align:start position:0% want to see uh the impact before the 00:13:12.600 --> 00:13:15.230 align:start position:0% want to see uh the impact before the public<00:13:12.720> is<00:13:13.019> willing<00:13:13.320> to<00:13:13.560> provide<00:13:14.399> to<00:13:14.940> provide 00:13:15.230 --> 00:13:15.240 align:start position:0% public is willing to provide to provide 00:13:15.240 --> 00:13:17.210 align:start position:0% public is willing to provide to provide money<00:13:15.480> to<00:13:15.839> this<00:13:15.959> for<00:13:16.380> having<00:13:16.500> been<00:13:16.800> successful 00:13:17.210 --> 00:13:17.220 align:start position:0% money to this for having been successful 00:13:17.220 --> 00:13:18.949 align:start position:0% money to this for having been successful and<00:13:17.880> it<00:13:18.180> would<00:13:18.300> be<00:13:18.360> really<00:13:18.480> nice<00:13:18.660> to<00:13:18.779> be<00:13:18.899> able 00:13:18.949 --> 00:13:18.959 align:start position:0% and it would be really nice to be able 00:13:18.959 --> 00:13:20.449 align:start position:0% and it would be really nice to be able to<00:13:19.019> take<00:13:19.139> that<00:13:19.260> money<00:13:19.440> from<00:13:19.620> the<00:13:19.740> future<00:13:19.860> pull 00:13:20.449 --> 00:13:20.459 align:start position:0% to take that money from the future pull 00:13:20.459 --> 00:13:22.129 align:start position:0% to take that money from the future pull it<00:13:20.579> back<00:13:20.700> into<00:13:20.820> the<00:13:21.060> present<00:13:21.240> and<00:13:21.420> use<00:13:21.600> it<00:13:21.779> to 00:13:22.129 --> 00:13:22.139 align:start position:0% it back into the present and use it to 00:13:22.139 --> 00:13:24.230 align:start position:0% it back into the present and use it to fund<00:13:22.380> this<00:13:22.440> action<00:13:22.740> whenever<00:13:23.639> you<00:13:23.820> see<00:13:23.940> this 00:13:24.230 --> 00:13:24.240 align:start position:0% fund this action whenever you see this 00:13:24.240 --> 00:13:26.870 align:start position:0% fund this action whenever you see this as<00:13:24.720> an<00:13:25.019> economist<00:13:25.380> or<00:13:25.620> in<00:13:25.740> finance<00:13:26.100> you<00:13:26.760> can 00:13:26.870 --> 00:13:26.880 align:start position:0% as an economist or in finance you can 00:13:26.880 --> 00:13:29.990 align:start position:0% as an economist or in finance you can see<00:13:27.060> that<00:13:27.360> this<00:13:27.660> bottom<00:13:28.079> line<00:13:28.579> This<00:13:29.579> role<00:13:29.820> is 00:13:29.990 --> 00:13:30.000 align:start position:0% see that this bottom line This role is 00:13:30.000 --> 00:13:33.170 align:start position:0% see that this bottom line This role is played<00:13:30.300> by<00:13:30.779> an<00:13:31.320> investor<00:13:31.760> typically<00:13:32.760> there's 00:13:33.170 --> 00:13:33.180 align:start position:0% played by an investor typically there's 00:13:33.180 --> 00:13:35.329 align:start position:0% played by an investor typically there's some<00:13:33.540> benefit<00:13:33.959> that<00:13:34.680> is<00:13:34.800> expected<00:13:35.160> to<00:13:35.220> be 00:13:35.329 --> 00:13:35.339 align:start position:0% some benefit that is expected to be 00:13:35.339 --> 00:13:37.970 align:start position:0% some benefit that is expected to be taken<00:13:35.639> because<00:13:36.060> there's<00:13:36.540> some<00:13:36.899> likely<00:13:37.500> some 00:13:37.970 --> 00:13:37.980 align:start position:0% taken because there's some likely some 00:13:37.980 --> 00:13:40.370 align:start position:0% taken because there's some likely some possible<00:13:38.399> possibility<00:13:39.000> of<00:13:39.180> failure<00:13:39.540> and<00:13:40.139> so 00:13:40.370 --> 00:13:40.380 align:start position:0% possible possibility of failure and so 00:13:40.380 --> 00:13:43.550 align:start position:0% possible possibility of failure and so you<00:13:40.680> expect<00:13:41.120> that<00:13:42.120> risk<00:13:42.600> to<00:13:42.779> be<00:13:42.899> offset<00:13:43.260> by 00:13:43.550 --> 00:13:43.560 align:start position:0% you expect that risk to be offset by 00:13:43.560 --> 00:13:45.590 align:start position:0% you expect that risk to be offset by profits<00:13:44.160> but<00:13:44.760> generally<00:13:45.120> you<00:13:45.300> could<00:13:45.420> imagine 00:13:45.590 --> 00:13:45.600 align:start position:0% profits but generally you could imagine 00:13:45.600 --> 00:13:47.629 align:start position:0% profits but generally you could imagine that<00:13:46.019> there<00:13:46.200> could<00:13:46.380> be<00:13:46.500> impact<00:13:46.860> investors<00:13:47.399> who 00:13:47.629 --> 00:13:47.639 align:start position:0% that there could be impact investors who 00:13:47.639 --> 00:13:49.810 align:start position:0% that there could be impact investors who are<00:13:47.760> investing<00:13:48.180> in<00:13:48.480> activities<00:13:49.260> generally 00:13:49.810 --> 00:13:49.820 align:start position:0% are investing in activities generally 00:13:49.820 --> 00:13:53.509 align:start position:0% are investing in activities generally and<00:13:50.820> I<00:13:51.240> think<00:13:51.360> that<00:13:51.660> we<00:13:52.320> should<00:13:52.500> try<00:13:52.920> to<00:13:53.100> and<00:13:53.339> we 00:13:53.509 --> 00:13:53.519 align:start position:0% and I think that we should try to and we 00:13:53.519 --> 00:13:55.850 align:start position:0% and I think that we should try to and we are<00:13:53.639> targeting<00:13:54.000> the<00:13:54.240> creation<00:13:54.480> of 00:13:55.850 --> 00:13:55.860 align:start position:0% are targeting the creation of 00:13:55.860 --> 00:13:58.370 align:start position:0% are targeting the creation of a<00:13:56.399> particular<00:13:56.760> Bounty<00:13:57.300> slash<00:13:57.600> prize<00:13:57.899> programs 00:13:58.370 --> 00:13:58.380 align:start position:0% a particular Bounty slash prize programs 00:13:58.380 --> 00:14:01.790 align:start position:0% a particular Bounty slash prize programs with<00:13:59.220> uh<00:13:59.820> non-profits<00:14:00.600> who<00:14:00.779> fund<00:14:01.139> science<00:14:01.500> or 00:14:01.790 --> 00:14:01.800 align:start position:0% with uh non-profits who fund science or 00:14:01.800 --> 00:14:04.069 align:start position:0% with uh non-profits who fund science or environmental<00:14:02.339> programs<00:14:02.940> to<00:14:03.660> set<00:14:03.959> up 00:14:04.069 --> 00:14:04.079 align:start position:0% environmental programs to set up 00:14:04.079 --> 00:14:06.230 align:start position:0% environmental programs to set up programs<00:14:04.440> where<00:14:04.680> they<00:14:05.040> will<00:14:05.160> fund<00:14:05.579> or<00:14:06.000> they 00:14:06.230 --> 00:14:06.240 align:start position:0% programs where they will fund or they 00:14:06.240 --> 00:14:08.030 align:start position:0% programs where they will fund or they will<00:14:06.300> pledge<00:14:06.540> to<00:14:06.720> award<00:14:07.079> the<00:14:07.620> team<00:14:07.860> that 00:14:08.030 --> 00:14:08.040 align:start position:0% will pledge to award the team that 00:14:08.040 --> 00:14:11.389 align:start position:0% will pledge to award the team that succeeds<00:14:08.579> most<00:14:08.880> in<00:14:09.420> pursuing<00:14:09.899> some<00:14:10.139> goal<00:14:10.980> and 00:14:11.389 --> 00:14:11.399 align:start position:0% succeeds most in pursuing some goal and 00:14:11.399 --> 00:14:13.490 align:start position:0% succeeds most in pursuing some goal and they<00:14:11.579> will<00:14:11.700> reward<00:14:12.000> not<00:14:12.360> just<00:14:12.540> that<00:14:12.779> team<00:14:12.959> but 00:14:13.490 --> 00:14:13.500 align:start position:0% they will reward not just that team but 00:14:13.500 --> 00:14:15.710 align:start position:0% they will reward not just that team but also<00:14:13.980> anyone<00:14:14.459> who<00:14:14.639> contributed<00:14:15.180> to<00:14:15.360> that<00:14:15.540> team 00:14:15.710 --> 00:14:15.720 align:start position:0% also anyone who contributed to that team 00:14:15.720 --> 00:14:18.590 align:start position:0% also anyone who contributed to that team and<00:14:16.440> do<00:14:16.620> so<00:14:16.800> in<00:14:17.040> a<00:14:17.220> proportion<00:14:17.579> that<00:14:18.120> the<00:14:18.300> teams 00:14:18.590 --> 00:14:18.600 align:start position:0% and do so in a proportion that the teams 00:14:18.600 --> 00:14:20.150 align:start position:0% and do so in a proportion that the teams and<00:14:18.779> contributors<00:14:19.200> and<00:14:19.380> collaborators<00:14:19.740> agree 00:14:20.150 --> 00:14:20.160 align:start position:0% and contributors and collaborators agree 00:14:20.160 --> 00:14:25.009 align:start position:0% and contributors and collaborators agree is<00:14:20.459> fair<00:14:20.760> at<00:14:21.600> the<00:14:21.779> time<00:14:22.100> of<00:14:23.100> collaboration<00:14:24.060> so 00:14:25.009 --> 00:14:25.019 align:start position:0% is fair at the time of collaboration so 00:14:25.019 --> 00:14:27.050 align:start position:0% is fair at the time of collaboration so you<00:14:25.320> can<00:14:25.440> start<00:14:25.560> to<00:14:25.800> see<00:14:25.920> the<00:14:26.160> analog<00:14:26.579> to 00:14:27.050 --> 00:14:27.060 align:start position:0% you can start to see the analog to 00:14:27.060 --> 00:14:29.930 align:start position:0% you can start to see the analog to equity<00:14:27.600> interest<00:14:27.899> in<00:14:28.500> these<00:14:28.680> projects 00:14:29.930 --> 00:14:29.940 align:start position:0% equity interest in these projects 00:14:29.940 --> 00:14:31.790 align:start position:0% equity interest in these projects um<00:14:30.000> the<00:14:30.779> only<00:14:30.899> like<00:14:31.260> there<00:14:31.380> is<00:14:31.560> no 00:14:31.790 --> 00:14:31.800 align:start position:0% um the only like there is no 00:14:31.800 --> 00:14:33.710 align:start position:0% um the only like there is no profitability<00:14:32.399> of<00:14:32.639> these<00:14:32.820> it<00:14:33.120> it<00:14:33.240> would<00:14:33.540> just 00:14:33.710 --> 00:14:33.720 align:start position:0% profitability of these it it would just 00:14:33.720 --> 00:14:36.050 align:start position:0% profitability of these it it would just be<00:14:34.019> a<00:14:34.620> chance<00:14:34.740> at<00:14:35.100> potentially<00:14:35.459> sharing<00:14:35.880> in 00:14:36.050 --> 00:14:36.060 align:start position:0% be a chance at potentially sharing in 00:14:36.060 --> 00:14:37.850 align:start position:0% be a chance at potentially sharing in the<00:14:36.240> reputation<00:14:36.779> and<00:14:37.019> funding<00:14:37.260> from<00:14:37.440> a<00:14:37.560> prize 00:14:37.850 --> 00:14:37.860 align:start position:0% the reputation and funding from a prize 00:14:37.860 --> 00:14:41.889 align:start position:0% the reputation and funding from a prize but<00:14:38.760> you<00:14:39.240> can<00:14:39.360> start<00:14:39.660> uh 00:14:41.889 --> 00:14:41.899 align:start position:0% but you can start uh 00:14:41.899 --> 00:14:44.030 align:start position:0% but you can start uh benefiting<00:14:42.899> from<00:14:43.079> all<00:14:43.260> of<00:14:43.380> the<00:14:43.500> de-risking 00:14:44.030 --> 00:14:44.040 align:start position:0% benefiting from all of the de-risking 00:14:44.040 --> 00:14:46.069 align:start position:0% benefiting from all of the de-risking that<00:14:44.279> you<00:14:44.399> get<00:14:44.519> from<00:14:44.940> retrospective<00:14:45.779> funding 00:14:46.069 --> 00:14:46.079 align:start position:0% that you get from retrospective funding 00:14:46.079 --> 00:14:48.530 align:start position:0% that you get from retrospective funding there's<00:14:46.440> like<00:14:47.040> the<00:14:47.459> the<00:14:47.579> grant<00:14:47.880> maker<00:14:48.300> who's 00:14:48.530 --> 00:14:48.540 align:start position:0% there's like the the grant maker who's 00:14:48.540 --> 00:14:50.150 align:start position:0% there's like the the grant maker who's funding<00:14:49.019> retrospectively<00:14:49.620> knows<00:14:49.920> exactly 00:14:50.150 --> 00:14:50.160 align:start position:0% funding retrospectively knows exactly 00:14:50.160 --> 00:14:51.350 align:start position:0% funding retrospectively knows exactly what<00:14:50.339> the<00:14:50.459> outcome<00:14:50.699> was<00:14:50.820> and<00:14:51.000> so<00:14:51.120> they<00:14:51.240> know 00:14:51.350 --> 00:14:51.360 align:start position:0% what the outcome was and so they know 00:14:51.360 --> 00:14:52.610 align:start position:0% what the outcome was and so they know exactly<00:14:51.660> what<00:14:51.839> they're<00:14:51.959> get<00:14:52.199> that<00:14:52.500> they're 00:14:52.610 --> 00:14:52.620 align:start position:0% exactly what they're get that they're 00:14:52.620 --> 00:14:54.410 align:start position:0% exactly what they're get that they're getting<00:14:52.860> what<00:14:53.040> they're<00:14:53.160> paying<00:14:53.459> for 00:14:54.410 --> 00:14:54.420 align:start position:0% getting what they're paying for 00:14:54.420 --> 00:14:58.189 align:start position:0% getting what they're paying for um<00:14:54.480> but<00:14:55.139> they<00:14:55.320> also<00:14:55.620> get<00:14:55.940> the<00:14:56.940> causal<00:14:57.839> impact 00:14:58.189 --> 00:14:58.199 align:start position:0% um but they also get the causal impact 00:14:58.199 --> 00:14:59.810 align:start position:0% um but they also get the causal impact of<00:14:58.560> prospective<00:14:59.040> funding<00:14:59.339> where<00:14:59.459> they<00:14:59.699> can 00:14:59.810 --> 00:14:59.820 align:start position:0% of prospective funding where they can 00:14:59.820 --> 00:15:01.610 align:start position:0% of prospective funding where they can actually<00:15:00.019> de-risk<00:15:01.019> this<00:15:01.139> for<00:15:01.320> more<00:15:01.440> people 00:15:01.610 --> 00:15:01.620 align:start position:0% actually de-risk this for more people 00:15:01.620 --> 00:15:05.269 align:start position:0% actually de-risk this for more people they<00:15:01.860> can<00:15:01.980> make<00:15:02.100> it<00:15:02.279> easier<00:15:02.699> for<00:15:03.480> people<00:15:03.720> to 00:15:05.269 --> 00:15:05.279 align:start position:0% they can make it easier for people to 00:15:05.279 --> 00:15:07.550 align:start position:0% they can make it easier for people to take<00:15:05.699> on<00:15:05.880> these<00:15:06.240> in<00:15:06.480> large<00:15:06.839> Endeavors<00:15:07.320> because 00:15:07.550 --> 00:15:07.560 align:start position:0% take on these in large Endeavors because 00:15:07.560 --> 00:15:09.170 align:start position:0% take on these in large Endeavors because suddenly<00:15:08.040> they've<00:15:08.459> pledged<00:15:08.820> not<00:15:09.060> just 00:15:09.170 --> 00:15:09.180 align:start position:0% suddenly they've pledged not just 00:15:09.180 --> 00:15:11.150 align:start position:0% suddenly they've pledged not just support<00:15:09.480> they're<00:15:09.899> not<00:15:10.139> just<00:15:10.320> fund 00:15:11.150 --> 00:15:11.160 align:start position:0% support they're not just fund 00:15:11.160 --> 00:15:13.490 align:start position:0% support they're not just fund retrospectively<00:15:11.760> teams<00:15:12.300> that<00:15:12.600> succeed<00:15:12.959> but 00:15:13.490 --> 00:15:13.500 align:start position:0% retrospectively teams that succeed but 00:15:13.500 --> 00:15:16.610 align:start position:0% retrospectively teams that succeed but also<00:15:13.920> anyone<00:15:14.639> who<00:15:14.880> provides<00:15:15.300> them<00:15:15.420> with 00:15:16.610 --> 00:15:16.620 align:start position:0% also anyone who provides them with 00:15:16.620 --> 00:15:19.790 align:start position:0% also anyone who provides them with workspace<00:15:17.579> or<00:15:18.060> resources<00:15:18.660> or<00:15:19.260> collaborations 00:15:19.790 --> 00:15:19.800 align:start position:0% workspace or resources or collaborations 00:15:19.800 --> 00:15:21.889 align:start position:0% workspace or resources or collaborations or<00:15:20.100> introductions<00:15:20.699> and<00:15:21.120> so<00:15:21.240> it<00:15:21.420> should<00:15:21.660> really 00:15:21.889 --> 00:15:21.899 align:start position:0% or introductions and so it should really 00:15:21.899 --> 00:15:24.889 align:start position:0% or introductions and so it should really facilitate<00:15:22.680> the<00:15:23.639> ability<00:15:24.000> for<00:15:24.480> these 00:15:24.889 --> 00:15:24.899 align:start position:0% facilitate the ability for these 00:15:24.899 --> 00:15:28.129 align:start position:0% facilitate the ability for these contributors<00:15:25.500> to<00:15:26.100> a<00:15:26.639> priority<00:15:27.000> go<00:15:27.240> out<00:15:27.420> and<00:15:27.899> do 00:15:28.129 --> 00:15:28.139 align:start position:0% contributors to a priority go out and do 00:15:28.139 --> 00:15:30.470 align:start position:0% contributors to a priority go out and do these<00:15:28.440> useful<00:15:28.740> things 00:15:30.470 --> 00:15:30.480 align:start position:0% these useful things 00:15:30.480 --> 00:15:34.189 align:start position:0% these useful things so<00:15:31.139> uh<00:15:31.639> overall<00:15:32.639> you<00:15:33.060> don't<00:15:33.180> I<00:15:33.540> will<00:15:33.660> admit<00:15:33.959> you 00:15:34.189 --> 00:15:34.199 align:start position:0% so uh overall you don't I will admit you 00:15:34.199 --> 00:15:35.870 align:start position:0% so uh overall you don't I will admit you do<00:15:34.320> not<00:15:34.380> need<00:15:34.500> hyper<00:15:34.800> certs<00:15:35.160> for<00:15:35.279> this<00:15:35.399> you 00:15:35.870 --> 00:15:35.880 align:start position:0% do not need hyper certs for this you 00:15:35.880 --> 00:15:38.090 align:start position:0% do not need hyper certs for this you could<00:15:36.060> do<00:15:36.240> this<00:15:36.480> with<00:15:36.959> napkin<00:15:37.440> agreements<00:15:37.920> in 00:15:38.090 --> 00:15:38.100 align:start position:0% could do this with napkin agreements in 00:15:38.100 --> 00:15:39.829 align:start position:0% could do this with napkin agreements in the<00:15:38.220> same<00:15:38.279> way<00:15:38.459> that<00:15:38.699> like<00:15:38.880> many<00:15:39.180> cap<00:15:39.480> tables 00:15:39.829 --> 00:15:39.839 align:start position:0% the same way that like many cap tables 00:15:39.839 --> 00:15:41.689 align:start position:0% the same way that like many cap tables are<00:15:39.959> set<00:15:40.139> up<00:15:40.260> initially<00:15:40.560> with<00:15:40.860> like<00:15:41.100> a<00:15:41.399> signed 00:15:41.689 --> 00:15:41.699 align:start position:0% are set up initially with like a signed 00:15:41.699 --> 00:15:43.670 align:start position:0% are set up initially with like a signed napkin<00:15:41.940> of<00:15:42.120> like<00:15:42.240> okay<00:15:42.420> the<00:15:42.899> founders<00:15:43.199> it's<00:15:43.440> 60 00:15:43.670 --> 00:15:43.680 align:start position:0% napkin of like okay the founders it's 60 00:15:43.680 --> 00:15:45.350 align:start position:0% napkin of like okay the founders it's 60 40<00:15:43.920> or<00:15:44.100> 50<00:15:44.279> 50<00:15:44.519> or<00:15:44.760> whatever<00:15:44.880> and<00:15:45.120> that's<00:15:45.240> good 00:15:45.350 --> 00:15:45.360 align:start position:0% 40 or 50 50 or whatever and that's good 00:15:45.360 --> 00:15:47.870 align:start position:0% 40 or 50 50 or whatever and that's good enough<00:15:45.540> that<00:15:46.260> is<00:15:46.380> possible<00:15:46.680> here<00:15:47.100> the<00:15:47.760> reason 00:15:47.870 --> 00:15:47.880 align:start position:0% enough that is possible here the reason 00:15:47.880 --> 00:15:50.210 align:start position:0% enough that is possible here the reason hyper<00:15:48.300> certs<00:15:48.600> get<00:15:48.720> interesting<00:15:49.079> is<00:15:49.320> because 00:15:50.210 --> 00:15:50.220 align:start position:0% hyper certs get interesting is because 00:15:50.220 --> 00:15:54.650 align:start position:0% hyper certs get interesting is because I<00:15:51.060> I<00:15:51.660> foresee<00:15:52.380> and<00:15:52.620> predict<00:15:52.980> and<00:15:53.339> hope<00:15:53.639> to<00:15:54.180> help 00:15:54.650 --> 00:15:54.660 align:start position:0% I I foresee and predict and hope to help 00:15:54.660 --> 00:15:58.430 align:start position:0% I I foresee and predict and hope to help create<00:15:55.380> an<00:15:56.040> ecosystem<00:15:56.459> where<00:15:57.120> it's<00:15:58.019> not<00:15:58.260> just 00:15:58.430 --> 00:15:58.440 align:start position:0% create an ecosystem where it's not just 00:15:58.440 --> 00:16:00.530 align:start position:0% create an ecosystem where it's not just one-off<00:15:58.920> programs<00:15:59.459> sometimes<00:16:00.120> you'll<00:16:00.360> see 00:16:00.530 --> 00:16:00.540 align:start position:0% one-off programs sometimes you'll see 00:16:00.540 --> 00:16:02.689 align:start position:0% one-off programs sometimes you'll see these<00:16:00.839> programs<00:16:01.139> Cascade<00:16:01.680> where<00:16:02.040> maybe<00:16:02.399> the 00:16:02.689 --> 00:16:02.699 align:start position:0% these programs Cascade where maybe the 00:16:02.699 --> 00:16:05.269 align:start position:0% these programs Cascade where maybe the contribution<00:16:03.120> to<00:16:03.779> a<00:16:04.560> small<00:16:04.860> scoped 00:16:05.269 --> 00:16:05.279 align:start position:0% contribution to a small scoped 00:16:05.279 --> 00:16:07.069 align:start position:0% contribution to a small scoped retrospective<00:16:05.880> funding<00:16:06.180> program 00:16:07.069 --> 00:16:07.079 align:start position:0% retrospective funding program 00:16:07.079 --> 00:16:09.590 align:start position:0% retrospective funding program ends<00:16:07.680> up<00:16:07.740> being<00:16:07.980> integral<00:16:08.639> to<00:16:08.880> a<00:16:09.180> much<00:16:09.300> larger 00:16:09.590 --> 00:16:09.600 align:start position:0% ends up being integral to a much larger 00:16:09.600 --> 00:16:10.970 align:start position:0% ends up being integral to a much larger effort<00:16:09.899> and<00:16:10.079> you<00:16:10.260> can<00:16:10.320> imagine<00:16:10.500> this<00:16:10.860> very 00:16:10.970 --> 00:16:10.980 align:start position:0% effort and you can imagine this very 00:16:10.980 --> 00:16:13.189 align:start position:0% effort and you can imagine this very easily<00:16:11.399> for<00:16:11.760> some<00:16:12.180> particular<00:16:12.779> carbon 00:16:13.189 --> 00:16:13.199 align:start position:0% easily for some particular carbon 00:16:13.199 --> 00:16:15.470 align:start position:0% easily for some particular carbon capture<00:16:13.500> technology<00:16:13.920> that<00:16:14.579> becomes<00:16:15.000> integral 00:16:15.470 --> 00:16:15.480 align:start position:0% capture technology that becomes integral 00:16:15.480 --> 00:16:18.050 align:start position:0% capture technology that becomes integral to<00:16:16.019> a<00:16:16.440> larger<00:16:16.680> program<00:16:16.920> around<00:16:17.399> capturing<00:16:17.940> at 00:16:18.050 --> 00:16:18.060 align:start position:0% to a larger program around capturing at 00:16:18.060 --> 00:16:20.750 align:start position:0% to a larger program around capturing at gigaton<00:16:18.540> Carbon<00:16:18.839> scale<00:16:19.139> uh<00:16:19.920> globally<00:16:20.279> and<00:16:20.579> so 00:16:20.750 --> 00:16:20.760 align:start position:0% gigaton Carbon scale uh globally and so 00:16:20.760 --> 00:16:22.250 align:start position:0% gigaton Carbon scale uh globally and so I<00:16:21.000> think<00:16:21.120> that<00:16:21.240> these<00:16:21.540> things<00:16:21.600> will<00:16:21.839> Cascade 00:16:22.250 --> 00:16:22.260 align:start position:0% I think that these things will Cascade 00:16:22.260 --> 00:16:23.689 align:start position:0% I think that these things will Cascade in<00:16:22.440> time<00:16:22.560> and<00:16:22.740> you'll<00:16:22.920> see<00:16:23.040> these<00:16:23.220> embedded<00:16:23.639> in 00:16:23.689 --> 00:16:23.699 align:start position:0% in time and you'll see these embedded in 00:16:23.699 --> 00:16:25.730 align:start position:0% in time and you'll see these embedded in each<00:16:23.820> other<00:16:23.940> and<00:16:24.660> when<00:16:24.959> you<00:16:25.139> start<00:16:25.260> doing<00:16:25.500> that 00:16:25.730 --> 00:16:25.740 align:start position:0% each other and when you start doing that 00:16:25.740 --> 00:16:30.050 align:start position:0% each other and when you start doing that having<00:16:26.399> a<00:16:27.000> robust<00:16:27.440> and<00:16:28.440> very<00:16:29.160> formal<00:16:29.579> and 00:16:30.050 --> 00:16:30.060 align:start position:0% having a robust and very formal and 00:16:30.060 --> 00:16:32.870 align:start position:0% having a robust and very formal and consistent<00:16:30.600> way<00:16:31.260> of<00:16:31.620> accounting<00:16:32.279> for<00:16:32.519> and 00:16:32.870 --> 00:16:32.880 align:start position:0% consistent way of accounting for and 00:16:32.880 --> 00:16:34.610 align:start position:0% consistent way of accounting for and listing<00:16:33.300> all<00:16:33.540> of<00:16:33.660> the<00:16:33.779> pieces<00:16:34.079> of<00:16:34.320> impact 00:16:34.610 --> 00:16:34.620 align:start position:0% listing all of the pieces of impact 00:16:34.620 --> 00:16:36.889 align:start position:0% listing all of the pieces of impact becomes<00:16:35.459> very<00:16:35.639> useful<00:16:35.940> because<00:16:36.240> you<00:16:36.720> want<00:16:36.779> to 00:16:36.889 --> 00:16:36.899 align:start position:0% becomes very useful because you want to 00:16:36.899 --> 00:16:39.650 align:start position:0% becomes very useful because you want to be<00:16:37.019> able<00:16:37.199> to<00:16:37.560> either<00:16:38.220> trade<00:16:38.699> or<00:16:38.940> exchange<00:16:39.360> or 00:16:39.650 --> 00:16:39.660 align:start position:0% be able to either trade or exchange or 00:16:39.660 --> 00:16:41.990 align:start position:0% be able to either trade or exchange or share<00:16:39.899> or<00:16:40.199> attribute<00:16:40.680> within<00:16:41.579> each<00:16:41.759> program 00:16:41.990 --> 00:16:42.000 align:start position:0% share or attribute within each program 00:16:42.000 --> 00:16:44.210 align:start position:0% share or attribute within each program in<00:16:42.360> a<00:16:42.480> way<00:16:42.540> that<00:16:42.720> is<00:16:42.899> visible<00:16:43.259> to<00:16:43.680> and 00:16:44.210 --> 00:16:44.220 align:start position:0% in a way that is visible to and 00:16:44.220 --> 00:16:46.310 align:start position:0% in a way that is visible to and measurable<00:16:44.699> in<00:16:45.060> the<00:16:45.180> larger<00:16:45.420> program 00:16:46.310 --> 00:16:46.320 align:start position:0% measurable in the larger program 00:16:46.320 --> 00:16:48.769 align:start position:0% measurable in the larger program I<00:16:46.800> expect<00:16:46.920> that<00:16:47.160> these<00:16:47.399> will<00:16:47.579> also 00:16:48.769 --> 00:16:48.779 align:start position:0% I expect that these will also 00:16:48.779 --> 00:16:50.810 align:start position:0% I expect that these will also have<00:16:49.259> a<00:16:49.440> property<00:16:49.680> where<00:16:50.040> you'll<00:16:50.579> have 00:16:50.810 --> 00:16:50.820 align:start position:0% have a property where you'll have 00:16:50.820 --> 00:16:52.610 align:start position:0% have a property where you'll have multiple<00:16:51.180> funding<00:16:51.540> programs<00:16:51.899> simultaneously 00:16:52.610 --> 00:16:52.620 align:start position:0% multiple funding programs simultaneously 00:16:52.620 --> 00:16:55.069 align:start position:0% multiple funding programs simultaneously running<00:16:52.860> where<00:16:53.639> the<00:16:53.940> same<00:16:54.060> activity<00:16:54.540> could 00:16:55.069 --> 00:16:55.079 align:start position:0% running where the same activity could 00:16:55.079 --> 00:16:57.350 align:start position:0% running where the same activity could apply<00:16:55.440> and<00:16:56.100> when<00:16:56.459> that<00:16:56.639> work<00:16:56.820> is<00:16:57.000> being<00:16:57.120> done 00:16:57.350 --> 00:16:57.360 align:start position:0% apply and when that work is being done 00:16:57.360 --> 00:16:59.990 align:start position:0% apply and when that work is being done you'll<00:16:57.839> need<00:16:58.019> to<00:16:58.380> do<00:16:58.980> splitting<00:16:59.459> and<00:16:59.579> merging 00:16:59.990 --> 00:17:00.000 align:start position:0% you'll need to do splitting and merging 00:17:00.000 --> 00:17:03.050 align:start position:0% you'll need to do splitting and merging of<00:17:00.180> these<00:17:00.360> contributions<00:17:00.839> to<00:17:01.620> say<00:17:02.160> which 00:17:03.050 --> 00:17:03.060 align:start position:0% of these contributions to say which 00:17:03.060 --> 00:17:04.909 align:start position:0% of these contributions to say which parts<00:17:03.360> exactly<00:17:03.899> were<00:17:04.079> being<00:17:04.260> rewarded<00:17:04.679> by 00:17:04.909 --> 00:17:04.919 align:start position:0% parts exactly were being rewarded by 00:17:04.919 --> 00:17:06.530 align:start position:0% parts exactly were being rewarded by which<00:17:05.100> grant<00:17:05.459> program<00:17:05.640> even<00:17:06.000> though<00:17:06.179> it<00:17:06.419> may 00:17:06.530 --> 00:17:06.540 align:start position:0% which grant program even though it may 00:17:06.540 --> 00:17:08.870 align:start position:0% which grant program even though it may look<00:17:06.720> like<00:17:06.900> a<00:17:07.020> monolithic<00:17:07.559> activity<00:17:07.919> from<00:17:08.520> one 00:17:08.870 --> 00:17:08.880 align:start position:0% look like a monolithic activity from one 00:17:08.880 --> 00:17:11.929 align:start position:0% look like a monolithic activity from one company<00:17:09.120> or<00:17:09.419> one<00:17:09.660> team<00:17:09.900> or<00:17:10.380> one<00:17:10.559> Dao 00:17:11.929 --> 00:17:11.939 align:start position:0% company or one team or one Dao 00:17:11.939 --> 00:17:14.390 align:start position:0% company or one team or one Dao I<00:17:12.480> also<00:17:12.660> will<00:17:12.780> claim<00:17:13.079> that<00:17:13.500> this<00:17:13.919> should 00:17:14.390 --> 00:17:14.400 align:start position:0% I also will claim that this should 00:17:14.400 --> 00:17:16.610 align:start position:0% I also will claim that this should generalize<00:17:14.939> so<00:17:15.240> far<00:17:15.419> I've<00:17:15.600> talked<00:17:15.900> about<00:17:15.959> how 00:17:16.610 --> 00:17:16.620 align:start position:0% generalize so far I've talked about how 00:17:16.620 --> 00:17:18.770 align:start position:0% generalize so far I've talked about how a<00:17:17.040> grant<00:17:17.280> program<00:17:17.520> looks<00:17:18.179> like<00:17:18.299> you<00:17:18.660> have 00:17:18.770 --> 00:17:18.780 align:start position:0% a grant program looks like you have 00:17:18.780 --> 00:17:21.470 align:start position:0% a grant program looks like you have teams<00:17:19.319> or<00:17:19.439> activities<00:17:19.799> being<00:17:20.160> funded<00:17:20.579> with 00:17:21.470 --> 00:17:21.480 align:start position:0% teams or activities being funded with 00:17:21.480 --> 00:17:23.689 align:start position:0% teams or activities being funded with grants<00:17:22.020> in<00:17:22.620> some<00:17:22.860> kind<00:17:22.980> of 00:17:23.689 --> 00:17:23.699 align:start position:0% grants in some kind of 00:17:23.699 --> 00:17:26.449 align:start position:0% grants in some kind of historical<00:17:24.480> pay<00:17:24.720> and<00:17:24.900> prey<00:17:25.199> as<00:17:25.860> a<00:17:26.040> grant<00:17:26.160> maker 00:17:26.449 --> 00:17:26.459 align:start position:0% historical pay and prey as a grant maker 00:17:26.459 --> 00:17:27.470 align:start position:0% historical pay and prey as a grant maker you<00:17:26.520> kind<00:17:26.699> of<00:17:26.760> just<00:17:26.880> have<00:17:26.939> to<00:17:27.059> send<00:17:27.179> the<00:17:27.360> money 00:17:27.470 --> 00:17:27.480 align:start position:0% you kind of just have to send the money 00:17:27.480 --> 00:17:29.030 align:start position:0% you kind of just have to send the money and<00:17:27.900> hope<00:17:28.020> for<00:17:28.199> the<00:17:28.319> best 00:17:29.030 --> 00:17:29.040 align:start position:0% and hope for the best 00:17:29.040 --> 00:17:30.890 align:start position:0% and hope for the best and<00:17:29.460> this<00:17:29.520> could<00:17:29.700> be<00:17:29.760> done<00:17:29.940> by<00:17:30.299> some<00:17:30.600> simple 00:17:30.890 --> 00:17:30.900 align:start position:0% and this could be done by some simple 00:17:30.900 --> 00:17:33.710 align:start position:0% and this could be done by some simple format<00:17:31.380> and<00:17:32.160> I'm<00:17:33.000> proposing<00:17:33.360> that<00:17:33.540> we<00:17:33.660> use 00:17:33.710 --> 00:17:33.720 align:start position:0% format and I'm proposing that we use 00:17:33.720 --> 00:17:36.289 align:start position:0% format and I'm proposing that we use hyperserts<00:17:34.380> for<00:17:34.500> this<00:17:34.620> of<00:17:35.160> course 00:17:36.289 --> 00:17:36.299 align:start position:0% hyperserts for this of course 00:17:36.299 --> 00:17:38.870 align:start position:0% hyperserts for this of course uh<00:17:37.140> actually<00:17:37.740> I<00:17:37.980> should<00:17:38.160> mention<00:17:38.280> that<00:17:38.520> the 00:17:38.870 --> 00:17:38.880 align:start position:0% uh actually I should mention that the 00:17:38.880 --> 00:17:41.210 align:start position:0% uh actually I should mention that the breakdown<00:17:39.419> of<00:17:39.960> these<00:17:40.320> into<00:17:40.500> categories<00:17:41.039> I 00:17:41.210 --> 00:17:41.220 align:start position:0% breakdown of these into categories I 00:17:41.220 --> 00:17:43.070 align:start position:0% breakdown of these into categories I think<00:17:41.400> are<00:17:41.760> useful<00:17:42.240> layers<00:17:42.539> of<00:17:42.660> abstraction 00:17:43.070 --> 00:17:43.080 align:start position:0% think are useful layers of abstraction 00:17:43.080 --> 00:17:44.450 align:start position:0% think are useful layers of abstraction because<00:17:43.380> for<00:17:43.620> many<00:17:43.740> of<00:17:43.860> these<00:17:44.039> you<00:17:44.340> can 00:17:44.450 --> 00:17:44.460 align:start position:0% because for many of these you can 00:17:44.460 --> 00:17:46.549 align:start position:0% because for many of these you can actually<00:17:44.640> separate<00:17:45.179> or<00:17:45.419> you<00:17:45.600> can<00:17:45.720> replace<00:17:46.200> the 00:17:46.549 --> 00:17:46.559 align:start position:0% actually separate or you can replace the 00:17:46.559 --> 00:17:47.990 align:start position:0% actually separate or you can replace the component<00:17:46.919> with<00:17:47.220> other<00:17:47.460> things<00:17:47.640> that<00:17:47.880> you 00:17:47.990 --> 00:17:48.000 align:start position:0% component with other things that you 00:17:48.000 --> 00:17:50.150 align:start position:0% component with other things that you might<00:17:48.120> want<00:17:48.240> to<00:17:48.360> use<00:17:48.539> depending<00:17:49.440> on<00:17:49.679> what 00:17:50.150 --> 00:17:50.160 align:start position:0% might want to use depending on what 00:17:50.160 --> 00:17:51.710 align:start position:0% might want to use depending on what you're<00:17:50.220> trying<00:17:50.400> to<00:17:50.580> achieve<00:17:50.880> what<00:17:51.299> level<00:17:51.480> of 00:17:51.710 --> 00:17:51.720 align:start position:0% you're trying to achieve what level of 00:17:51.720 --> 00:17:54.230 align:start position:0% you're trying to achieve what level of consensus<00:17:52.260> you<00:17:52.799> might<00:17:52.919> have 00:17:54.230 --> 00:17:54.240 align:start position:0% consensus you might have 00:17:54.240 --> 00:17:56.090 align:start position:0% consensus you might have I<00:17:54.720> think<00:17:54.840> it's<00:17:54.960> very<00:17:55.200> important<00:17:55.500> that<00:17:55.740> we<00:17:55.860> also 00:17:56.090 --> 00:17:56.100 align:start position:0% I think it's very important that we also 00:17:56.100 --> 00:17:57.890 align:start position:0% I think it's very important that we also be<00:17:56.220> able<00:17:56.400> to<00:17:56.520> fund<00:17:56.880> things<00:17:57.059> retrospectively 00:17:57.890 --> 00:17:57.900 align:start position:0% be able to fund things retrospectively 00:17:57.900 --> 00:18:00.049 align:start position:0% be able to fund things retrospectively so<00:17:58.500> not<00:17:58.740> just<00:17:58.919> teams<00:17:59.280> and<00:17:59.400> activities<00:17:59.700> but 00:18:00.049 --> 00:18:00.059 align:start position:0% so not just teams and activities but 00:18:00.059 --> 00:18:02.390 align:start position:0% so not just teams and activities but also<00:18:00.360> outcomes<00:18:01.080> outputs<00:18:01.799> and<00:18:02.039> the<00:18:02.160> impact 00:18:02.390 --> 00:18:02.400 align:start position:0% also outcomes outputs and the impact 00:18:02.400 --> 00:18:05.330 align:start position:0% also outcomes outputs and the impact that<00:18:02.700> those<00:18:02.940> outcomes<00:18:03.480> have<00:18:03.799> and<00:18:04.799> when<00:18:05.160> you 00:18:05.330 --> 00:18:05.340 align:start position:0% that those outcomes have and when you 00:18:05.340 --> 00:18:06.770 align:start position:0% that those outcomes have and when you have<00:18:05.460> this<00:18:05.760> it<00:18:06.120> starts<00:18:06.419> to<00:18:06.480> become 00:18:06.770 --> 00:18:06.780 align:start position:0% have this it starts to become 00:18:06.780 --> 00:18:08.750 align:start position:0% have this it starts to become interesting<00:18:07.440> to<00:18:07.559> look<00:18:07.740> at<00:18:08.039> how<00:18:08.220> instead<00:18:08.700> of 00:18:08.750 --> 00:18:08.760 align:start position:0% interesting to look at how instead of 00:18:08.760 --> 00:18:10.610 align:start position:0% interesting to look at how instead of grants<00:18:09.360> for<00:18:09.600> retrospective<00:18:10.200> funding<00:18:10.440> you 00:18:10.610 --> 00:18:10.620 align:start position:0% grants for retrospective funding you 00:18:10.620 --> 00:18:12.470 align:start position:0% grants for retrospective funding you could<00:18:10.740> have<00:18:10.919> bounties<00:18:11.700> and<00:18:11.940> retrospective 00:18:12.470 --> 00:18:12.480 align:start position:0% could have bounties and retrospective 00:18:12.480 --> 00:18:15.710 align:start position:0% could have bounties and retrospective evaluation<00:18:13.020> for<00:18:13.860> these<00:18:14.400> uh 00:18:15.710 --> 00:18:15.720 align:start position:0% evaluation for these uh 00:18:15.720 --> 00:18:17.270 align:start position:0% evaluation for these uh sorry<00:18:16.080> grants<00:18:16.380> for<00:18:16.500> prospective<00:18:16.980> funding<00:18:17.220> you 00:18:17.270 --> 00:18:17.280 align:start position:0% sorry grants for prospective funding you 00:18:17.280 --> 00:18:18.710 align:start position:0% sorry grants for prospective funding you could<00:18:17.400> have<00:18:17.520> bounties<00:18:18.000> and<00:18:18.179> retrospective 00:18:18.710 --> 00:18:18.720 align:start position:0% could have bounties and retrospective 00:18:18.720 --> 00:18:22.549 align:start position:0% could have bounties and retrospective funding<00:18:19.020> for<00:18:19.740> uh<00:18:20.780> the<00:18:21.780> retrospective 00:18:22.549 --> 00:18:22.559 align:start position:0% funding for uh the retrospective 00:18:22.559 --> 00:18:26.690 align:start position:0% funding for uh the retrospective outcomes<00:18:23.280> or<00:18:23.580> outputs<00:18:24.440> and<00:18:25.440> there<00:18:26.100> is<00:18:26.280> no<00:18:26.460> real 00:18:26.690 --> 00:18:26.700 align:start position:0% outcomes or outputs and there is no real 00:18:26.700 --> 00:18:29.390 align:start position:0% outcomes or outputs and there is no real bound<00:18:27.059> to<00:18:27.539> the<00:18:28.020> type<00:18:28.380> of<00:18:28.620> decision<00:18:28.919> mechanisms 00:18:29.390 --> 00:18:29.400 align:start position:0% bound to the type of decision mechanisms 00:18:29.400 --> 00:18:31.370 align:start position:0% bound to the type of decision mechanisms you<00:18:29.580> could<00:18:29.700> use<00:18:29.820> for<00:18:30.059> this<00:18:30.179> and<00:18:30.480> so<00:18:30.720> to<00:18:31.200> name 00:18:31.370 --> 00:18:31.380 align:start position:0% you could use for this and so to name 00:18:31.380 --> 00:18:33.430 align:start position:0% you could use for this and so to name two<00:18:31.860> completely<00:18:32.220> different<00:18:32.460> things 00:18:33.430 --> 00:18:33.440 align:start position:0% two completely different things 00:18:33.440 --> 00:18:35.870 align:start position:0% two completely different things that<00:18:34.440> definitely<00:18:34.919> don't<00:18:35.160> cover<00:18:35.400> the<00:18:35.640> space 00:18:35.870 --> 00:18:35.880 align:start position:0% that definitely don't cover the space 00:18:35.880 --> 00:18:37.909 align:start position:0% that definitely don't cover the space but<00:18:36.299> just<00:18:36.480> give<00:18:36.780> you<00:18:36.960> some<00:18:37.380> inspiration<00:18:37.740> of 00:18:37.909 --> 00:18:37.919 align:start position:0% but just give you some inspiration of 00:18:37.919 --> 00:18:39.230 align:start position:0% but just give you some inspiration of how<00:18:38.100> you<00:18:38.220> could<00:18:38.340> start<00:18:38.520> thinking<00:18:38.760> about<00:18:38.880> using 00:18:39.230 --> 00:18:39.240 align:start position:0% how you could start thinking about using 00:18:39.240 --> 00:18:42.230 align:start position:0% how you could start thinking about using these<00:18:39.480> you<00:18:40.200> could<00:18:40.260> imagine<00:18:40.440> having<00:18:41.240> a 00:18:42.230 --> 00:18:42.240 align:start position:0% these you could imagine having a 00:18:42.240 --> 00:18:45.470 align:start position:0% these you could imagine having a retrospective<00:18:43.200> funding<00:18:43.620> program<00:18:43.860> on<00:18:44.760> a 00:18:45.470 --> 00:18:45.480 align:start position:0% retrospective funding program on a 00:18:45.480 --> 00:18:48.289 align:start position:0% retrospective funding program on a subsequent<00:18:45.900> Bitcoin<00:18:46.320> grants<00:18:46.620> round<00:18:46.799> where<00:18:47.640> we 00:18:48.289 --> 00:18:48.299 align:start position:0% subsequent Bitcoin grants round where we 00:18:48.299 --> 00:18:52.130 align:start position:0% subsequent Bitcoin grants round where we use<00:18:48.600> quadratic<00:18:49.440> voting<00:18:49.740> to<00:18:50.100> price<00:18:50.460> the 00:18:52.130 --> 00:18:52.140 align:start position:0% use quadratic voting to price the 00:18:52.140 --> 00:18:56.029 align:start position:0% use quadratic voting to price the hyper<00:18:52.740> certs<00:18:53.220> for<00:18:53.880> useful<00:18:54.679> breakthroughs<00:18:55.679> in 00:18:56.029 --> 00:18:56.039 align:start position:0% hyper certs for useful breakthroughs in 00:18:56.039 --> 00:18:58.250 align:start position:0% hyper certs for useful breakthroughs in cryptography<00:18:56.760> for<00:18:57.000> instance<00:18:57.240> and<00:18:58.020> in 00:18:58.250 --> 00:18:58.260 align:start position:0% cryptography for instance and in 00:18:58.260 --> 00:18:59.690 align:start position:0% cryptography for instance and in addition<00:18:58.500> you<00:18:58.919> could<00:18:58.980> have<00:18:59.160> you<00:18:59.580> could 00:18:59.690 --> 00:18:59.700 align:start position:0% addition you could have you could 00:18:59.700 --> 00:19:01.669 align:start position:0% addition you could have you could imagine<00:19:00.059> bringing<00:19:00.660> on 00:19:01.669 --> 00:19:01.679 align:start position:0% imagine bringing on 00:19:01.679 --> 00:19:04.370 align:start position:0% imagine bringing on or<00:19:01.980> bring<00:19:02.220> salience<00:19:02.700> to<00:19:03.000> those<00:19:03.179> projects<00:19:03.600> for 00:19:04.370 --> 00:19:04.380 align:start position:0% or bring salience to those projects for 00:19:04.380 --> 00:19:06.770 align:start position:0% or bring salience to those projects for prospective<00:19:05.039> funders<00:19:05.400> and<00:19:05.940> impact<00:19:06.299> investor 00:19:06.770 --> 00:19:06.780 align:start position:0% prospective funders and impact investor 00:19:06.780 --> 00:19:10.909 align:start position:0% prospective funders and impact investor types<00:19:07.140> to<00:19:08.360> subsidize<00:19:09.360> future<00:19:09.720> work<00:19:10.200> that 00:19:10.909 --> 00:19:10.919 align:start position:0% types to subsidize future work that 00:19:10.919 --> 00:19:12.470 align:start position:0% types to subsidize future work that could<00:19:11.100> be<00:19:11.220> incredibly<00:19:11.640> impactful<00:19:12.059> but 00:19:12.470 --> 00:19:12.480 align:start position:0% could be incredibly impactful but 00:19:12.480 --> 00:19:14.270 align:start position:0% could be incredibly impactful but perhaps<00:19:12.960> cryptography<00:19:13.620> researchers<00:19:13.980> can't 00:19:14.270 --> 00:19:14.280 align:start position:0% perhaps cryptography researchers can't 00:19:14.280 --> 00:19:16.909 align:start position:0% perhaps cryptography researchers can't spend<00:19:14.520> time<00:19:14.700> on<00:19:14.880> because<00:19:15.120> Grant<00:19:15.900> makers<00:19:16.320> are 00:19:16.909 --> 00:19:16.919 align:start position:0% spend time on because Grant makers are 00:19:16.919 --> 00:19:19.430 align:start position:0% spend time on because Grant makers are focused<00:19:17.280> on<00:19:17.520> what<00:19:17.940> Google<00:19:18.240> and<00:19:18.840> Facebook<00:19:19.140> and 00:19:19.430 --> 00:19:19.440 align:start position:0% focused on what Google and Facebook and 00:19:19.440 --> 00:19:20.990 align:start position:0% focused on what Google and Facebook and Amazon<00:19:19.620> think<00:19:19.980> are<00:19:20.280> interesting<00:19:20.640> research 00:19:20.990 --> 00:19:21.000 align:start position:0% Amazon think are interesting research 00:19:21.000 --> 00:19:23.270 align:start position:0% Amazon think are interesting research projects<00:19:21.419> within<00:19:22.080> those<00:19:22.260> countries 00:19:23.270 --> 00:19:23.280 align:start position:0% projects within those countries 00:19:23.280 --> 00:19:25.010 align:start position:0% projects within those countries um<00:19:23.419> alternatively<00:19:24.419> you<00:19:24.720> could<00:19:24.840> imagine 00:19:25.010 --> 00:19:25.020 align:start position:0% um alternatively you could imagine 00:19:25.020 --> 00:19:27.549 align:start position:0% um alternatively you could imagine actually<00:19:25.500> just<00:19:25.799> using<00:19:26.100> hyperserts<00:19:26.820> for 00:19:27.549 --> 00:19:27.559 align:start position:0% actually just using hyperserts for 00:19:27.559 --> 00:19:30.289 align:start position:0% actually just using hyperserts for internal<00:19:28.559> performance<00:19:28.980> tracking<00:19:29.640> uh<00:19:30.120> I'm 00:19:30.289 --> 00:19:30.299 align:start position:0% internal performance tracking uh I'm 00:19:30.299 --> 00:19:31.789 align:start position:0% internal performance tracking uh I'm interested<00:19:30.660> like<00:19:30.900> my<00:19:31.080> entire<00:19:31.320> team<00:19:31.500> working 00:19:31.789 --> 00:19:31.799 align:start position:0% interested like my entire team working 00:19:31.799 --> 00:19:34.190 align:start position:0% interested like my entire team working on<00:19:31.980> this<00:19:32.100> is<00:19:32.340> interested<00:19:32.700> in<00:19:33.059> using<00:19:33.600> this<00:19:33.780> to 00:19:34.190 --> 00:19:34.200 align:start position:0% on this is interested in using this to 00:19:34.200 --> 00:19:36.890 align:start position:0% on this is interested in using this to attribute<00:19:35.100> and<00:19:35.340> share<00:19:35.580> and<00:19:36.179> track<00:19:36.419> and<00:19:36.660> list 00:19:36.890 --> 00:19:36.900 align:start position:0% attribute and share and track and list 00:19:36.900 --> 00:19:38.870 align:start position:0% attribute and share and track and list like<00:19:37.320> oh<00:19:37.559> thank<00:19:38.039> you<00:19:38.160> for<00:19:38.340> helping<00:19:38.580> me<00:19:38.700> with 00:19:38.870 --> 00:19:38.880 align:start position:0% like oh thank you for helping me with 00:19:38.880 --> 00:19:40.490 align:start position:0% like oh thank you for helping me with this<00:19:39.120> project<00:19:39.299> I'm<00:19:39.840> going<00:19:39.960> to<00:19:40.080> give<00:19:40.200> you<00:19:40.320> five 00:19:40.490 --> 00:19:40.500 align:start position:0% this project I'm going to give you five 00:19:40.500 --> 00:19:42.289 align:start position:0% this project I'm going to give you five percent<00:19:40.679> of<00:19:40.919> the<00:19:40.980> impact<00:19:41.220> certificate<00:19:41.700> that<00:19:42.059> I 00:19:42.289 --> 00:19:42.299 align:start position:0% percent of the impact certificate that I 00:19:42.299 --> 00:19:44.570 align:start position:0% percent of the impact certificate that I have<00:19:42.419> I'm<00:19:42.840> minting<00:19:43.320> on<00:19:43.740> this<00:19:43.919> work<00:19:44.160> that<00:19:44.460> I've 00:19:44.570 --> 00:19:44.580 align:start position:0% have I'm minting on this work that I've 00:19:44.580 --> 00:19:46.190 align:start position:0% have I'm minting on this work that I've been<00:19:44.700> doing<00:19:44.820> internally<00:19:45.240> that<00:19:45.900> doesn't<00:19:46.020> even 00:19:46.190 --> 00:19:46.200 align:start position:0% been doing internally that doesn't even 00:19:46.200 --> 00:19:48.650 align:start position:0% been doing internally that doesn't even need<00:19:46.380> to<00:19:46.500> be<00:19:46.620> sold<00:19:46.860> just<00:19:47.760> having<00:19:48.000> a<00:19:48.419> useful 00:19:48.650 --> 00:19:48.660 align:start position:0% need to be sold just having a useful 00:19:48.660 --> 00:19:51.110 align:start position:0% need to be sold just having a useful metric<00:19:49.020> to<00:19:49.320> track<00:19:49.500> what<00:19:50.340> is<00:19:50.460> what<00:19:50.820> people<00:19:50.940> are 00:19:51.110 --> 00:19:51.120 align:start position:0% metric to track what is what people are 00:19:51.120 --> 00:19:52.730 align:start position:0% metric to track what is what people are doing<00:19:51.299> and<00:19:51.660> look<00:19:51.840> back<00:19:52.020> on<00:19:52.200> this<00:19:52.320> in<00:19:52.500> a<00:19:52.620> way 00:19:52.730 --> 00:19:52.740 align:start position:0% doing and look back on this in a way 00:19:52.740 --> 00:19:54.409 align:start position:0% doing and look back on this in a way that<00:19:52.860> is<00:19:53.039> consistent<00:19:53.460> I<00:19:53.820> think<00:19:53.940> will<00:19:54.240> be 00:19:54.409 --> 00:19:54.419 align:start position:0% that is consistent I think will be 00:19:54.419 --> 00:19:57.289 align:start position:0% that is consistent I think will be profoundly<00:19:55.080> useful<00:19:55.440> and<00:19:56.280> there<00:19:57.000> are<00:19:57.120> many 00:19:57.289 --> 00:19:57.299 align:start position:0% profoundly useful and there are many 00:19:57.299 --> 00:19:59.570 align:start position:0% profoundly useful and there are many things<00:19:57.480> you<00:19:57.660> can<00:19:57.720> imagine<00:19:57.900> in<00:19:58.140> between<00:19:58.320> of 00:19:59.570 --> 00:19:59.580 align:start position:0% things you can imagine in between of 00:19:59.580 --> 00:20:02.210 align:start position:0% things you can imagine in between of uh<00:20:00.360> High<00:20:00.900> net<00:20:01.080> worth<00:20:01.260> individuals<00:20:01.740> wanting<00:20:02.100> to 00:20:02.210 --> 00:20:02.220 align:start position:0% uh High net worth individuals wanting to 00:20:02.220 --> 00:20:04.970 align:start position:0% uh High net worth individuals wanting to fund<00:20:02.460> programs<00:20:02.940> of<00:20:03.480> uh<00:20:03.960> non-prof<00:20:04.500> endowed 00:20:04.970 --> 00:20:04.980 align:start position:0% fund programs of uh non-prof endowed 00:20:04.980 --> 00:20:07.370 align:start position:0% fund programs of uh non-prof endowed non-profits<00:20:05.520> trying<00:20:05.880> to<00:20:06.000> use<00:20:06.179> this<00:20:06.480> for 00:20:07.370 --> 00:20:07.380 align:start position:0% non-profits trying to use this for 00:20:07.380 --> 00:20:09.289 align:start position:0% non-profits trying to use this for increasing<00:20:08.160> the<00:20:08.280> impact<00:20:08.580> that<00:20:08.760> they<00:20:08.940> have<00:20:09.059> in 00:20:09.289 --> 00:20:09.299 align:start position:0% increasing the impact that they have in 00:20:09.299 --> 00:20:12.590 align:start position:0% increasing the impact that they have in their<00:20:09.419> Investments<00:20:09.980> or<00:20:10.980> you<00:20:11.880> being<00:20:12.179> becoming 00:20:12.590 --> 00:20:12.600 align:start position:0% their Investments or you being becoming 00:20:12.600 --> 00:20:14.690 align:start position:0% their Investments or you being becoming prospective<00:20:13.080> funders<00:20:13.320> in<00:20:13.500> these<00:20:13.679> and<00:20:14.340> I<00:20:14.580> think 00:20:14.690 --> 00:20:14.700 align:start position:0% prospective funders in these and I think 00:20:14.700 --> 00:20:16.250 align:start position:0% prospective funders in these and I think that<00:20:14.880> this<00:20:15.000> becomes<00:20:15.419> incredibly<00:20:15.840> impactful 00:20:16.250 --> 00:20:16.260 align:start position:0% that this becomes incredibly impactful 00:20:16.260 --> 00:20:19.130 align:start position:0% that this becomes incredibly impactful if<00:20:16.559> we<00:20:16.740> can<00:20:16.860> convince<00:20:17.340> at<00:20:17.880> some<00:20:18.000> point 00:20:19.130 --> 00:20:19.140 align:start position:0% if we can convince at some point 00:20:19.140 --> 00:20:20.870 align:start position:0% if we can convince at some point um<00:20:19.200> that<00:20:19.799> or<00:20:20.160> if<00:20:20.340> we<00:20:20.460> can<00:20:20.520> convince 00:20:20.870 --> 00:20:20.880 align:start position:0% um that or if we can convince 00:20:20.880 --> 00:20:22.549 align:start position:0% um that or if we can convince nation-state<00:20:21.600> scale<00:20:21.840> funders<00:20:22.200> Sovereign 00:20:22.549 --> 00:20:22.559 align:start position:0% nation-state scale funders Sovereign 00:20:22.559 --> 00:20:24.230 align:start position:0% nation-state scale funders Sovereign currency<00:20:22.860> issuers<00:20:23.340> that<00:20:23.760> they<00:20:23.880> can<00:20:24.000> fund 00:20:24.230 --> 00:20:24.240 align:start position:0% currency issuers that they can fund 00:20:24.240 --> 00:20:26.630 align:start position:0% currency issuers that they can fund these<00:20:24.419> because<00:20:24.740> I<00:20:25.740> think<00:20:26.220> that<00:20:26.400> there<00:20:26.520> are 00:20:26.630 --> 00:20:26.640 align:start position:0% these because I think that there are 00:20:26.640 --> 00:20:27.830 align:start position:0% these because I think that there are certain<00:20:26.760> aspects<00:20:27.120> of<00:20:27.240> modern<00:20:27.360> monetary 00:20:27.830 --> 00:20:27.840 align:start position:0% certain aspects of modern monetary 00:20:27.840 --> 00:20:30.650 align:start position:0% certain aspects of modern monetary theory<00:20:28.140> that<00:20:28.320> imply<00:20:28.799> robustly<00:20:29.700> that<00:20:30.120> this 00:20:30.650 --> 00:20:30.660 align:start position:0% theory that imply robustly that this 00:20:30.660 --> 00:20:33.289 align:start position:0% theory that imply robustly that this could<00:20:30.900> be<00:20:31.080> scalable<00:20:31.559> to<00:20:32.280> fund<00:20:32.700> all<00:20:33.000> sorts<00:20:33.240> of 00:20:33.289 --> 00:20:33.299 align:start position:0% could be scalable to fund all sorts of 00:20:33.299 --> 00:20:35.150 align:start position:0% could be scalable to fund all sorts of public<00:20:33.480> goods<00:20:33.900> at<00:20:34.320> a<00:20:34.440> scale<00:20:34.620> that<00:20:34.860> we<00:20:35.039> haven't 00:20:35.150 --> 00:20:35.160 align:start position:0% public goods at a scale that we haven't 00:20:35.160 --> 00:20:37.070 align:start position:0% public goods at a scale that we haven't actually<00:20:35.580> seen<00:20:36.000> yet<00:20:36.240> and<00:20:36.480> cannot<00:20:36.780> curling 00:20:37.070 --> 00:20:37.080 align:start position:0% actually seen yet and cannot curling 00:20:37.080 --> 00:20:39.289 align:start position:0% actually seen yet and cannot curling sustain<00:20:37.559> in<00:20:38.100> our<00:20:38.220> current<00:20:38.340> economic<00:20:38.820> Paradigm 00:20:39.289 --> 00:20:39.299 align:start position:0% sustain in our current economic Paradigm 00:20:39.299 --> 00:20:41.450 align:start position:0% sustain in our current economic Paradigm so<00:20:39.960> that's<00:20:40.440> getting<00:20:40.620> a<00:20:40.799> little<00:20:40.919> bit<00:20:41.039> abstract 00:20:41.450 --> 00:20:41.460 align:start position:0% so that's getting a little bit abstract 00:20:41.460 --> 00:20:44.930 align:start position:0% so that's getting a little bit abstract as<00:20:42.179> far<00:20:42.360> as<00:20:42.419> timeline<00:20:42.840> the<00:20:43.140> plan<00:20:43.320> is<00:20:43.559> to<00:20:43.980> do<00:20:44.640> run 00:20:44.930 --> 00:20:44.940 align:start position:0% as far as timeline the plan is to do run 00:20:44.940 --> 00:20:46.909 align:start position:0% as far as timeline the plan is to do run a<00:20:45.059> security<00:20:45.240> audit<00:20:45.660> and<00:20:45.900> launch<00:20:46.200> this 00:20:46.909 --> 00:20:46.919 align:start position:0% a security audit and launch this 00:20:46.919 --> 00:20:50.210 align:start position:0% a security audit and launch this possibly<00:20:47.640> this<00:20:47.940> quarter<00:20:48.299> ideally<00:20:49.100> within<00:20:50.100> the 00:20:50.210 --> 00:20:50.220 align:start position:0% possibly this quarter ideally within the 00:20:50.220 --> 00:20:52.970 align:start position:0% possibly this quarter ideally within the beginning<00:20:50.340> of<00:20:50.580> q1<00:20:50.940> on<00:20:51.600> mainnet<00:20:52.080> and<00:20:52.679> have 00:20:52.970 --> 00:20:52.980 align:start position:0% beginning of q1 on mainnet and have 00:20:52.980 --> 00:20:54.470 align:start position:0% beginning of q1 on mainnet and have people<00:20:53.160> start<00:20:53.520> to<00:20:53.700> actually<00:20:53.820> use<00:20:54.059> this<00:20:54.240> we're 00:20:54.470 --> 00:20:54.480 align:start position:0% people start to actually use this we're 00:20:54.480 --> 00:20:55.990 align:start position:0% people start to actually use this we're going<00:20:54.660> to<00:20:54.780> be<00:20:54.840> deploying<00:20:55.260> hackathons 00:20:55.990 --> 00:20:56.000 align:start position:0% going to be deploying hackathons 00:20:56.000 --> 00:20:58.250 align:start position:0% going to be deploying hackathons recruiting<00:20:57.000> program<00:20:57.299> managers<00:20:57.840> and<00:20:57.960> Grant 00:20:58.250 --> 00:20:58.260 align:start position:0% recruiting program managers and Grant 00:20:58.260 --> 00:21:00.350 align:start position:0% recruiting program managers and Grant programs<00:20:58.620> funders<00:20:59.160> for<00:20:59.640> both<00:20:59.760> prospective 00:21:00.350 --> 00:21:00.360 align:start position:0% programs funders for both prospective 00:21:00.360 --> 00:21:02.330 align:start position:0% programs funders for both prospective and<00:21:00.539> retrospective<00:21:01.140> funding<00:21:01.500> for<00:21:01.919> impact 00:21:02.330 --> 00:21:02.340 align:start position:0% and retrospective funding for impact 00:21:02.340 --> 00:21:03.590 align:start position:0% and retrospective funding for impact certificates 00:21:03.590 --> 00:21:03.600 align:start position:0% certificates 00:21:03.600 --> 00:21:06.049 align:start position:0% certificates we<00:21:04.260> definitely<00:21:04.500> plan<00:21:04.799> to<00:21:05.039> integrate<00:21:05.640> with<00:21:05.820> Git 00:21:06.049 --> 00:21:06.059 align:start position:0% we definitely plan to integrate with Git 00:21:06.059 --> 00:21:08.510 align:start position:0% we definitely plan to integrate with Git coin<00:21:06.419> and<00:21:06.840> the<00:21:07.200> get<00:21:07.380> coin<00:21:07.620> passport<00:21:07.919> because 00:21:08.510 --> 00:21:08.520 align:start position:0% coin and the get coin passport because 00:21:08.520 --> 00:21:10.310 align:start position:0% coin and the get coin passport because of<00:21:08.760> our<00:21:09.059> current<00:21:09.360> collaboration<00:21:09.840> and<00:21:10.200> their 00:21:10.310 --> 00:21:10.320 align:start position:0% of our current collaboration and their 00:21:10.320 --> 00:21:13.610 align:start position:0% of our current collaboration and their enthusiasm<00:21:10.980> and<00:21:11.700> we<00:21:12.539> don't<00:21:12.660> yet<00:21:12.900> have<00:21:13.260> full 00:21:13.610 --> 00:21:13.620 align:start position:0% enthusiasm and we don't yet have full 00:21:13.620 --> 00:21:16.190 align:start position:0% enthusiasm and we don't yet have full merge<00:21:14.100> and<00:21:14.160> split<00:21:14.400> capabilities<00:21:14.880> yet<00:21:15.600> or<00:21:16.020> the 00:21:16.190 --> 00:21:16.200 align:start position:0% merge and split capabilities yet or the 00:21:16.200 --> 00:21:19.070 align:start position:0% merge and split capabilities yet or the ability<00:21:16.440> to<00:21:17.000> have<00:21:18.000> attestations<00:21:18.600> I<00:21:18.960> didn't 00:21:19.070 --> 00:21:19.080 align:start position:0% ability to have attestations I didn't 00:21:19.080 --> 00:21:20.870 align:start position:0% ability to have attestations I didn't get<00:21:19.320> into<00:21:19.500> at<00:21:19.860> all<00:21:19.980> the<00:21:20.160> fact<00:21:20.280> that<00:21:20.460> you<00:21:20.640> need 00:21:20.870 --> 00:21:20.880 align:start position:0% get into at all the fact that you need 00:21:20.880 --> 00:21:23.630 align:start position:0% get into at all the fact that you need external<00:21:21.539> evaluators<00:21:22.140> to<00:21:22.440> decide<00:21:22.740> how<00:21:23.460> much 00:21:23.630 --> 00:21:23.640 align:start position:0% external evaluators to decide how much 00:21:23.640 --> 00:21:25.789 align:start position:0% external evaluators to decide how much they<00:21:24.120> think<00:21:24.360> how<00:21:25.080> valuable<00:21:25.380> they<00:21:25.500> think<00:21:25.679> the 00:21:25.789 --> 00:21:25.799 align:start position:0% they think how valuable they think the 00:21:25.799 --> 00:21:29.029 align:start position:0% they think how valuable they think the impact<00:21:26.100> for<00:21:26.760> an<00:21:27.059> outcome<00:21:27.419> actually<00:21:27.960> is<00:21:28.320> that 00:21:29.029 --> 00:21:29.039 align:start position:0% impact for an outcome actually is that 00:21:29.039 --> 00:21:30.710 align:start position:0% impact for an outcome actually is that needs<00:21:29.280> to<00:21:29.340> be<00:21:29.460> a<00:21:29.760> deeply<00:21:30.000> subjective<00:21:30.480> thing 00:21:30.710 --> 00:21:30.720 align:start position:0% needs to be a deeply subjective thing 00:21:30.720 --> 00:21:33.289 align:start position:0% needs to be a deeply subjective thing and<00:21:31.140> in<00:21:31.380> the<00:21:31.500> same<00:21:31.620> way<00:21:31.799> that<00:21:32.039> like 00:21:33.289 --> 00:21:33.299 align:start position:0% and in the same way that like 00:21:33.299 --> 00:21:35.870 align:start position:0% and in the same way that like I<00:21:34.260> can<00:21:34.440> look<00:21:34.620> at<00:21:34.980> strawberries<00:21:35.520> in<00:21:35.760> the 00:21:35.870 --> 00:21:35.880 align:start position:0% I can look at strawberries in the 00:21:35.880 --> 00:21:37.250 align:start position:0% I can look at strawberries in the supermarket<00:21:36.299> and<00:21:36.419> say<00:21:36.539> do<00:21:36.780> I<00:21:36.960> want<00:21:37.080> to<00:21:37.140> pay 00:21:37.250 --> 00:21:37.260 align:start position:0% supermarket and say do I want to pay 00:21:37.260 --> 00:21:39.230 align:start position:0% supermarket and say do I want to pay that<00:21:37.500> for<00:21:37.799> it<00:21:37.980> or<00:21:38.220> not<00:21:38.340> is<00:21:38.580> do<00:21:38.820> I<00:21:38.940> think<00:21:39.059> this<00:21:39.179> is 00:21:39.230 --> 00:21:39.240 align:start position:0% that for it or not is do I think this is 00:21:39.240 --> 00:21:41.029 align:start position:0% that for it or not is do I think this is worthwhile<00:21:39.600> you<00:21:40.080> could<00:21:40.200> imagine<00:21:40.380> having<00:21:40.799> a 00:21:41.029 --> 00:21:41.039 align:start position:0% worthwhile you could imagine having a 00:21:41.039 --> 00:21:42.830 align:start position:0% worthwhile you could imagine having a robust<00:21:41.340> market<00:21:41.520> clearing<00:21:41.940> price<00:21:42.059> even<00:21:42.600> the 00:21:42.830 --> 00:21:42.840 align:start position:0% robust market clearing price even the 00:21:42.840 --> 00:21:44.690 align:start position:0% robust market clearing price even the absence<00:21:43.260> of<00:21:43.440> robust<00:21:43.919> inter-subjective 00:21:44.690 --> 00:21:44.700 align:start position:0% absence of robust inter-subjective 00:21:44.700 --> 00:21:46.370 align:start position:0% absence of robust inter-subjective agreement<00:21:45.000> on<00:21:45.360> the<00:21:45.480> value<00:21:45.659> of<00:21:45.960> some<00:21:46.080> of<00:21:46.200> these 00:21:46.370 --> 00:21:46.380 align:start position:0% agreement on the value of some of these 00:21:46.380 --> 00:21:48.110 align:start position:0% agreement on the value of some of these things<00:21:46.500> because<00:21:47.159> if<00:21:47.580> someone's<00:21:47.820> willing<00:21:48.059> to 00:21:48.110 --> 00:21:48.120 align:start position:0% things because if someone's willing to 00:21:48.120 --> 00:21:49.970 align:start position:0% things because if someone's willing to pay<00:21:48.240> for<00:21:48.419> it<00:21:48.539> that<00:21:48.900> economically<00:21:49.559> will<00:21:49.799> set 00:21:49.970 --> 00:21:49.980 align:start position:0% pay for it that economically will set 00:21:49.980 --> 00:21:52.130 align:start position:0% pay for it that economically will set the<00:21:50.159> price<00:21:50.280> of<00:21:50.640> that<00:21:51.000> positive<00:21:51.600> externality 00:21:52.130 --> 00:21:52.140 align:start position:0% the price of that positive externality 00:21:52.140 --> 00:21:53.870 align:start position:0% the price of that positive externality or<00:21:52.320> that<00:21:52.500> the<00:21:52.679> work<00:21:52.860> that<00:21:53.100> results<00:21:53.520> in<00:21:53.760> that 00:21:53.870 --> 00:21:53.880 align:start position:0% or that the work that results in that 00:21:53.880 --> 00:21:55.370 align:start position:0% or that the work that results in that positive<00:21:54.120> externality 00:21:55.370 --> 00:21:55.380 align:start position:0% positive externality 00:21:55.380 --> 00:21:59.810 align:start position:0% positive externality um<00:21:55.860> we<00:21:56.340> do<00:21:56.400> have<00:21:56.580> a<00:21:56.700> road<00:21:56.820> map<00:21:57.059> that<00:21:57.360> has<00:21:57.539> us<00:21:57.720> uh 00:21:59.810 --> 00:21:59.820 align:start position:0% um we do have a road map that has us uh 00:21:59.820 --> 00:22:02.090 align:start position:0% um we do have a road map that has us uh supporting<00:22:00.600> the<00:22:00.780> allocation<00:22:01.200> of<00:22:01.559> 50<00:22:01.679> million 00:22:02.090 --> 00:22:02.100 align:start position:0% supporting the allocation of 50 million 00:22:02.100 --> 00:22:03.770 align:start position:0% supporting the allocation of 50 million dollars<00:22:02.400> in<00:22:02.640> Impact<00:22:02.940> certificate<00:22:03.360> in<00:22:03.720> in 00:22:03.770 --> 00:22:03.780 align:start position:0% dollars in Impact certificate in in 00:22:03.780 --> 00:22:06.529 align:start position:0% dollars in Impact certificate in in hypersearch<00:22:04.559> specifically<00:22:04.980> by<00:22:05.700> Q3<00:22:06.120> of<00:22:06.360> next 00:22:06.529 --> 00:22:06.539 align:start position:0% hypersearch specifically by Q3 of next 00:22:06.539 --> 00:22:09.110 align:start position:0% hypersearch specifically by Q3 of next year<00:22:06.659> I<00:22:07.260> would<00:22:07.380> say<00:22:07.500> we<00:22:07.980> are<00:22:08.280> roughly<00:22:08.760> on<00:22:08.940> track 00:22:09.110 --> 00:22:09.120 align:start position:0% year I would say we are roughly on track 00:22:09.120 --> 00:22:11.870 align:start position:0% year I would say we are roughly on track for<00:22:09.360> that<00:22:09.480> and<00:22:10.200> I<00:22:11.039> would<00:22:11.220> love<00:22:11.400> to<00:22:11.520> encourage 00:22:11.870 --> 00:22:11.880 align:start position:0% for that and I would love to encourage 00:22:11.880 --> 00:22:14.750 align:start position:0% for that and I would love to encourage you<00:22:12.000> to<00:22:12.179> like<00:22:13.020> keep<00:22:13.559> on<00:22:13.740> us<00:22:13.919> to<00:22:14.280> make<00:22:14.460> sure<00:22:14.580> that 00:22:14.750 --> 00:22:14.760 align:start position:0% you to like keep on us to make sure that 00:22:14.760 --> 00:22:16.430 align:start position:0% you to like keep on us to make sure that this<00:22:14.880> is<00:22:15.000> happening<00:22:15.179> this<00:22:15.659> is<00:22:15.780> not<00:22:16.020> a<00:22:16.380> business 00:22:16.430 --> 00:22:16.440 align:start position:0% this is happening this is not a business 00:22:16.440 --> 00:22:18.590 align:start position:0% this is happening this is not a business model<00:22:16.799> this<00:22:17.280> is<00:22:17.340> a<00:22:17.520> pure<00:22:17.700> public<00:22:17.880> good<00:22:18.120> we<00:22:18.480> are 00:22:18.590 --> 00:22:18.600 align:start position:0% model this is a pure public good we are 00:22:18.600 --> 00:22:22.610 align:start position:0% model this is a pure public good we are not<00:22:18.840> taking<00:22:19.020> fees<00:22:19.500> we<00:22:20.280> have<00:22:20.580> no<00:22:21.120> plans<00:22:21.539> to<00:22:22.440> take 00:22:22.610 --> 00:22:22.620 align:start position:0% not taking fees we have no plans to take 00:22:22.620 --> 00:22:24.289 align:start position:0% not taking fees we have no plans to take this<00:22:22.919> and<00:22:23.100> extract<00:22:23.400> money<00:22:23.640> from<00:22:23.880> it<00:22:23.940> we<00:22:24.179> think 00:22:24.289 --> 00:22:24.299 align:start position:0% this and extract money from it we think 00:22:24.299 --> 00:22:26.630 align:start position:0% this and extract money from it we think that<00:22:24.419> this<00:22:24.659> is<00:22:24.780> just<00:22:25.020> going<00:22:25.320> to<00:22:25.440> enable<00:22:25.919> a 00:22:26.630 --> 00:22:26.640 align:start position:0% that this is just going to enable a 00:22:26.640 --> 00:22:28.490 align:start position:0% that this is just going to enable a revolutionary<00:22:27.120> coordination<00:22:27.539> model<00:22:27.840> for 00:22:28.490 --> 00:22:28.500 align:start position:0% revolutionary coordination model for 00:22:28.500 --> 00:22:30.590 align:start position:0% revolutionary coordination model for humans<00:22:29.039> in<00:22:29.760> terms<00:22:29.940> of<00:22:30.000> the<00:22:30.120> people<00:22:30.360> actually 00:22:30.590 --> 00:22:30.600 align:start position:0% humans in terms of the people actually 00:22:30.600 --> 00:22:33.590 align:start position:0% humans in terms of the people actually doing<00:22:30.840> this<00:22:31.080> uh<00:22:31.500> my<00:22:31.799> team<00:22:31.980> or<00:22:32.520> my<00:22:32.820> sub<00:22:33.120> team<00:22:33.299> the 00:22:33.590 --> 00:22:33.600 align:start position:0% doing this uh my team or my sub team the 00:22:33.600 --> 00:22:35.990 align:start position:0% doing this uh my team or my sub team the network<00:22:33.780> funding<00:22:34.380> team<00:22:34.580> and<00:22:35.580> we're<00:22:35.700> also 00:22:35.990 --> 00:22:36.000 align:start position:0% network funding team and we're also 00:22:36.000 --> 00:22:38.149 align:start position:0% network funding team and we're also working<00:22:36.059> with<00:22:36.240> Ray<00:22:36.419> Guild<00:22:36.780> and<00:22:37.260> uh 00:22:38.149 --> 00:22:38.159 align:start position:0% working with Ray Guild and uh 00:22:38.159 --> 00:22:40.490 align:start position:0% working with Ray Guild and uh Kevin<00:22:38.580> owaki<00:22:39.179> and<00:22:39.480> Octavian<00:22:40.200> at<00:22:40.380> Super 00:22:40.490 --> 00:22:40.500 align:start position:0% Kevin owaki and Octavian at Super 00:22:40.500 --> 00:22:43.070 align:start position:0% Kevin owaki and Octavian at Super modular<00:22:40.919> and<00:22:41.460> obviously<00:22:41.880> I<00:22:42.059> have<00:22:42.179> to<00:22:42.299> thank 00:22:43.070 --> 00:22:43.080 align:start position:0% modular and obviously I have to thank 00:22:43.080 --> 00:22:44.870 align:start position:0% modular and obviously I have to thank protocol<00:22:43.440> labs<00:22:43.860> and<00:22:43.980> Juan<00:22:44.400> for<00:22:44.580> their<00:22:44.700> support 00:22:44.870 --> 00:22:44.880 align:start position:0% protocol labs and Juan for their support 00:22:44.880 --> 00:22:46.250 align:start position:0% protocol labs and Juan for their support and 00:22:46.250 --> 00:22:46.260 align:start position:0% and 00:22:46.260 --> 00:22:47.810 align:start position:0% and um would<00:22:46.980> definitely<00:22:47.220> encourage<00:22:47.460> you<00:22:47.580> to 00:22:47.810 --> 00:22:47.820 align:start position:0% um would definitely encourage you to 00:22:47.820 --> 00:22:49.669 align:start position:0% um would definitely encourage you to take<00:22:48.059> pictures<00:22:48.299> of<00:22:48.539> this<00:22:48.720> I<00:22:48.900> think<00:22:49.020> we'll<00:22:49.320> link 00:22:49.669 --> 00:22:49.679 align:start position:0% take pictures of this I think we'll link 00:22:49.679 --> 00:22:51.730 align:start position:0% take pictures of this I think we'll link this<00:22:50.100> talk<00:22:50.280> and<00:22:50.580> the<00:22:50.760> slides<00:22:51.120> on 00:22:51.730 --> 00:22:51.740 align:start position:0% this talk and the slides on 00:22:51.740 --> 00:22:54.830 align:start position:0% this talk and the slides on hypersearch.xyz<00:22:52.740> once<00:22:53.700> uh<00:22:54.059> the<00:22:54.299> video<00:22:54.480> is<00:22:54.720> up 00:22:54.830 --> 00:22:54.840 align:start position:0% hypersearch.xyz once uh the video is up 00:22:54.840 --> 00:22:56.930 align:start position:0% hypersearch.xyz once uh the video is up and<00:22:55.320> in<00:22:55.559> addition 00:22:56.930 --> 00:22:56.940 align:start position:0% and in addition 00:22:56.940 --> 00:22:58.909 align:start position:0% and in addition um I<00:22:57.419> also<00:22:57.659> wanted<00:22:57.780> to<00:22:57.960> plug<00:22:58.140> funding<00:22:58.799> the 00:22:58.909 --> 00:22:58.919 align:start position:0% um I also wanted to plug funding the 00:22:58.919 --> 00:23:00.110 align:start position:0% um I also wanted to plug funding the commons<00:22:59.159> it's<00:22:59.340> a<00:22:59.520> conference<00:22:59.700> we're<00:22:59.880> running 00:23:00.110 --> 00:23:00.120 align:start position:0% commons it's a conference we're running 00:23:00.120 --> 00:23:03.289 align:start position:0% commons it's a conference we're running uh<00:23:00.960> fairly<00:23:01.620> frequently<00:23:02.039> I<00:23:02.880> think<00:23:03.000> the<00:23:03.120> target 00:23:03.289 --> 00:23:03.299 align:start position:0% uh fairly frequently I think the target 00:23:03.299 --> 00:23:05.870 align:start position:0% uh fairly frequently I think the target is<00:23:03.539> to<00:23:03.720> do<00:23:03.840> roughly<00:23:04.320> 20<00:23:04.559> next<00:23:04.980> year<00:23:05.100> two<00:23:05.580> large 00:23:05.870 --> 00:23:05.880 align:start position:0% is to do roughly 20 next year two large 00:23:05.880 --> 00:23:08.149 align:start position:0% is to do roughly 20 next year two large events<00:23:06.299> many<00:23:06.780> pop-ups<00:23:07.380> a<00:23:07.559> large<00:23:07.799> number<00:23:08.039> of 00:23:08.149 --> 00:23:08.159 align:start position:0% events many pop-ups a large number of 00:23:08.159 --> 00:23:09.890 align:start position:0% events many pop-ups a large number of community<00:23:08.340> events<00:23:08.820> this<00:23:09.419> is<00:23:09.539> actually<00:23:09.659> the 00:23:09.890 --> 00:23:09.900 align:start position:0% community events this is actually the 00:23:09.900 --> 00:23:11.330 align:start position:0% community events this is actually the shirt<00:23:10.080> from<00:23:10.320> the<00:23:10.440> one<00:23:10.559> that<00:23:10.679> we<00:23:10.799> did<00:23:10.919> on<00:23:11.220> Monday 00:23:11.330 --> 00:23:11.340 align:start position:0% shirt from the one that we did on Monday 00:23:11.340 --> 00:23:13.549 align:start position:0% shirt from the one that we did on Monday at<00:23:11.700> shelling<00:23:12.120> point<00:23:12.240> and<00:23:12.780> other<00:23:12.960> than<00:23:13.200> that<00:23:13.320> if 00:23:13.549 --> 00:23:13.559 align:start position:0% at shelling point and other than that if 00:23:13.559 --> 00:23:15.230 align:start position:0% at shelling point and other than that if you<00:23:13.620> are<00:23:13.799> interested<00:23:14.159> in<00:23:14.520> helping<00:23:14.880> implement 00:23:15.230 --> 00:23:15.240 align:start position:0% you are interested in helping implement 00:23:15.240 --> 00:23:18.710 align:start position:0% you are interested in helping implement this<00:23:15.539> either<00:23:16.140> tooling<00:23:17.100> front<00:23:17.700> end<00:23:17.940> back<00:23:18.480> end 00:23:18.710 --> 00:23:18.720 align:start position:0% this either tooling front end back end 00:23:18.720 --> 00:23:20.510 align:start position:0% this either tooling front end back end helping<00:23:19.380> audit<00:23:19.679> the<00:23:19.799> smart<00:23:19.919> contract<00:23:20.220> we're 00:23:20.510 --> 00:23:20.520 align:start position:0% helping audit the smart contract we're 00:23:20.520 --> 00:23:22.970 align:start position:0% helping audit the smart contract we're putting<00:23:20.820> together<00:23:20.940> a 00:23:22.970 --> 00:23:22.980 align:start position:0% putting together a 00:23:22.980 --> 00:23:24.649 align:start position:0% putting together a decentralized<00:23:23.940> organ<00:23:24.059> a<00:23:24.419> permission 00:23:24.649 --> 00:23:24.659 align:start position:0% decentralized organ a permission 00:23:24.659 --> 00:23:26.870 align:start position:0% decentralized organ a permission decentralized<00:23:25.380> organization<00:23:25.919> to<00:23:26.580> try<00:23:26.760> and 00:23:26.870 --> 00:23:26.880 align:start position:0% decentralized organization to try and 00:23:26.880 --> 00:23:29.630 align:start position:0% decentralized organization to try and make<00:23:27.000> sure<00:23:27.179> that<00:23:27.480> when<00:23:27.780> this<00:23:28.080> is<00:23:28.860> ready<00:23:29.340> for 00:23:29.630 --> 00:23:29.640 align:start position:0% make sure that when this is ready for 00:23:29.640 --> 00:23:31.549 align:start position:0% make sure that when this is ready for Humanity<00:23:30.059> that<00:23:30.539> it<00:23:30.659> is<00:23:30.840> in<00:23:31.020> the<00:23:31.140> most<00:23:31.260> useful 00:23:31.549 --> 00:23:31.559 align:start position:0% Humanity that it is in the most useful 00:23:31.559 --> 00:23:32.690 align:start position:0% Humanity that it is in the most useful form 00:23:32.690 --> 00:23:32.700 align:start position:0% form 00:23:32.700 --> 00:23:35.210 align:start position:0% form um<00:23:32.760> I<00:23:33.240> am<00:23:33.419> at<00:23:33.600> 50<00:23:33.900> seconds<00:23:34.200> left<00:23:34.500> so<00:23:34.740> I'm<00:23:34.980> happy 00:23:35.210 --> 00:23:35.220 align:start position:0% um I am at 50 seconds left so I'm happy 00:23:35.220 --> 00:23:40.390 align:start position:0% um I am at 50 seconds left so I'm happy to<00:23:35.400> take<00:23:35.580> one<00:23:35.940> question 00:23:40.390 --> 00:23:40.400 align:start position:0% 00:23:40.400 --> 00:23:44.510 align:start position:0% at<00:23:41.400> these<00:23:41.700> at<00:23:42.179> these<00:23:42.600> uh<00:23:43.200> I<00:23:43.440> reminded<00:23:44.039> like<00:23:44.400> a 00:23:44.510 --> 00:23:44.520 align:start position:0% at these at these uh I reminded like a 00:23:44.520 --> 00:23:47.029 align:start position:0% at these at these uh I reminded like a stock<00:23:44.760> ranking<00:23:45.240> at<00:23:45.539> companies<00:23:46.020> where 00:23:47.029 --> 00:23:47.039 align:start position:0% stock ranking at companies where 00:23:47.039 --> 00:23:51.110 align:start position:0% stock ranking at companies where to<00:23:47.880> show<00:23:48.120> like<00:23:48.600> your<00:23:48.900> performance<00:23:49.880> you<00:23:50.880> have 00:23:51.110 --> 00:23:51.120 align:start position:0% to show like your performance you have 00:23:51.120 --> 00:23:53.390 align:start position:0% to show like your performance you have to<00:23:51.299> show<00:23:51.600> individual<00:23:52.260> contributions<00:23:52.919> like 00:23:53.390 --> 00:23:53.400 align:start position:0% to show individual contributions like 00:23:53.400 --> 00:23:55.610 align:start position:0% to show individual contributions like okay<00:23:53.580> I<00:23:53.880> did<00:23:54.000> this<00:23:54.179> I<00:23:54.720> did<00:23:54.840> that<00:23:55.080> have<00:23:55.440> you 00:23:55.610 --> 00:23:55.620 align:start position:0% okay I did this I did that have you 00:23:55.620 --> 00:23:57.950 align:start position:0% okay I did this I did that have you talked<00:23:55.799> about<00:23:55.980> people<00:23:56.280> on<00:23:56.640> these<00:23:57.059> sector 00:23:57.950 --> 00:23:57.960 align:start position:0% talked about people on these sector 00:23:57.960 --> 00:24:00.470 align:start position:0% talked about people on these sector about<00:23:58.260> this<00:23:58.500> like<00:23:58.919> discussions<00:23:59.580> informal 00:24:00.470 --> 00:24:00.480 align:start position:0% about this like discussions informal 00:24:00.480 --> 00:24:04.430 align:start position:0% about this like discussions informal whatever<00:24:00.720> I<00:24:01.500> I<00:24:01.919> don't<00:24:02.220> think<00:24:02.340> that<00:24:02.520> we've<00:24:02.940> our 00:24:04.430 --> 00:24:04.440 align:start position:0% whatever I I don't think that we've our 00:24:04.440 --> 00:24:06.649 align:start position:0% whatever I I don't think that we've our our<00:24:04.980> plans<00:24:05.159> currently<00:24:05.520> have<00:24:05.640> been<00:24:05.820> that<00:24:06.000> you 00:24:06.649 --> 00:24:06.659 align:start position:0% our plans currently have been that you 00:24:06.659 --> 00:24:08.210 align:start position:0% our plans currently have been that you can<00:24:06.780> Define<00:24:07.020> these<00:24:07.440> at<00:24:07.679> whatever<00:24:07.799> resolution 00:24:08.210 --> 00:24:08.220 align:start position:0% can Define these at whatever resolution 00:24:08.220 --> 00:24:09.950 align:start position:0% can Define these at whatever resolution you<00:24:08.520> want<00:24:08.640> so<00:24:08.880> if<00:24:09.000> you<00:24:09.120> want<00:24:09.299> to<00:24:09.360> Define<00:24:09.480> it<00:24:09.780> for 00:24:09.950 --> 00:24:09.960 align:start position:0% you want so if you want to Define it for 00:24:09.960 --> 00:24:11.390 align:start position:0% you want so if you want to Define it for your<00:24:10.140> team<00:24:10.320> and<00:24:10.740> you<00:24:10.860> never<00:24:10.980> want<00:24:11.100> to<00:24:11.220> break<00:24:11.280> it 00:24:11.390 --> 00:24:11.400 align:start position:0% your team and you never want to break it 00:24:11.400 --> 00:24:12.890 align:start position:0% your team and you never want to break it down<00:24:11.520> into<00:24:11.640> individual<00:24:12.059> individuals<00:24:12.659> you 00:24:12.890 --> 00:24:12.900 align:start position:0% down into individual individuals you 00:24:12.900 --> 00:24:14.810 align:start position:0% down into individual individuals you don't<00:24:13.020> have<00:24:13.200> to<00:24:13.320> the<00:24:13.919> idea<00:24:14.220> of<00:24:14.400> being<00:24:14.520> able<00:24:14.700> to 00:24:14.810 --> 00:24:14.820 align:start position:0% don't have to the idea of being able to 00:24:14.820 --> 00:24:16.789 align:start position:0% don't have to the idea of being able to merge<00:24:15.120> and<00:24:15.240> split<00:24:15.480> these<00:24:15.720> is<00:24:16.140> purely<00:24:16.500> because 00:24:16.789 --> 00:24:16.799 align:start position:0% merge and split these is purely because 00:24:16.799 --> 00:24:18.890 align:start position:0% merge and split these is purely because in<00:24:17.340> the<00:24:17.460> same<00:24:17.580> way<00:24:17.700> that<00:24:17.880> it's<00:24:18.179> easier<00:24:18.780> to 00:24:18.890 --> 00:24:18.900 align:start position:0% in the same way that it's easier to 00:24:18.900 --> 00:24:20.210 align:start position:0% in the same way that it's easier to create<00:24:19.020> a<00:24:19.200> liquid<00:24:19.380> market<00:24:19.559> for<00:24:19.799> art<00:24:19.919> if<00:24:20.159> you're 00:24:20.210 --> 00:24:20.220 align:start position:0% create a liquid market for art if you're 00:24:20.220 --> 00:24:21.770 align:start position:0% create a liquid market for art if you're not<00:24:20.400> selling<00:24:20.640> an<00:24:20.820> entire<00:24:21.059> collection<00:24:21.419> all<00:24:21.659> at 00:24:21.770 --> 00:24:21.780 align:start position:0% not selling an entire collection all at 00:24:21.780 --> 00:24:23.810 align:start position:0% not selling an entire collection all at once<00:24:22.020> it<00:24:22.500> might<00:24:22.620> be<00:24:22.799> that<00:24:23.220> people<00:24:23.400> want<00:24:23.700> to 00:24:23.810 --> 00:24:23.820 align:start position:0% once it might be that people want to 00:24:23.820 --> 00:24:26.029 align:start position:0% once it might be that people want to support<00:24:24.059> individual<00:24:24.960> contributions<00:24:25.559> to<00:24:25.860> a 00:24:26.029 --> 00:24:26.039 align:start position:0% support individual contributions to a 00:24:26.039 --> 00:24:30.289 align:start position:0% support individual contributions to a project<00:24:26.159> and<00:24:27.000> it<00:24:27.620> like<00:24:28.640> it's<00:24:29.640> unfortunate 00:24:30.289 --> 00:24:30.299 align:start position:0% project and it like it's unfortunate 00:24:30.299 --> 00:24:33.529 align:start position:0% project and it like it's unfortunate that<00:24:30.720> we<00:24:31.020> you<00:24:31.260> have<00:24:31.440> to<00:24:31.559> decide<00:24:31.860> based<00:24:32.280> on<00:24:32.539> uh 00:24:33.529 --> 00:24:33.539 align:start position:0% that we you have to decide based on uh 00:24:33.539 --> 00:24:35.149 align:start position:0% that we you have to decide based on uh roughly 00:24:35.149 --> 00:24:35.159 align:start position:0% roughly 00:24:35.159 --> 00:24:36.830 align:start position:0% roughly it's<00:24:35.580> unfortunate<00:24:36.000> that<00:24:36.240> those<00:24:36.480> who<00:24:36.659> have 00:24:36.830 --> 00:24:36.840 align:start position:0% it's unfortunate that those who have 00:24:36.840 --> 00:24:39.049 align:start position:0% it's unfortunate that those who have money<00:24:37.080> to<00:24:37.380> buy<00:24:37.500> these<00:24:37.799> get<00:24:38.460> to<00:24:38.640> decide 00:24:39.049 --> 00:24:39.059 align:start position:0% money to buy these get to decide 00:24:39.059 --> 00:24:41.330 align:start position:0% money to buy these get to decide whatever<00:24:39.240> they<00:24:39.539> want<00:24:39.659> to<00:24:39.780> support<00:24:39.960> but<00:24:40.919> it's 00:24:41.330 --> 00:24:41.340 align:start position:0% whatever they want to support but it's 00:24:41.340 --> 00:24:43.610 align:start position:0% whatever they want to support but it's also<00:24:41.640> the<00:24:42.000> reality<00:24:42.360> and<00:24:42.720> by<00:24:43.140> creating<00:24:43.440> this 00:24:43.610 --> 00:24:43.620 align:start position:0% also the reality and by creating this 00:24:43.620 --> 00:24:45.169 align:start position:0% also the reality and by creating this the<00:24:43.980> hope<00:24:44.100> is<00:24:44.220> that<00:24:44.460> we<00:24:44.640> can<00:24:44.700> make<00:24:44.820> it<00:24:44.940> easier 00:24:45.169 --> 00:24:45.179 align:start position:0% the hope is that we can make it easier 00:24:45.179 --> 00:24:46.510 align:start position:0% the hope is that we can make it easier for<00:24:45.299> more<00:24:45.480> people<00:24:45.659> to<00:24:45.840> support<00:24:45.960> more<00:24:46.260> things 00:24:46.510 --> 00:24:46.520 align:start position:0% for more people to support more things 00:24:46.520 --> 00:24:50.570 align:start position:0% for more people to support more things and<00:24:47.520> we<00:24:48.000> will<00:24:48.299> have<00:24:48.960> to<00:24:49.140> lean<00:24:49.500> into 00:24:50.570 --> 00:24:50.580 align:start position:0% and we will have to lean into 00:24:50.580 --> 00:24:53.510 align:start position:0% and we will have to lean into making<00:24:51.059> it<00:24:51.240> easier<00:24:51.539> and<00:24:52.500> uh<00:24:53.039> encouraging 00:24:53.510 --> 00:24:53.520 align:start position:0% making it easier and uh encouraging 00:24:53.520 --> 00:24:55.010 align:start position:0% making it easier and uh encouraging people<00:24:53.760> to<00:24:53.940> support<00:24:54.059> things<00:24:54.299> that<00:24:54.480> they<00:24:54.600> see 00:24:55.010 --> 00:24:55.020 align:start position:0% people to support things that they see 00:24:55.020 --> 00:24:56.270 align:start position:0% people to support things that they see are<00:24:55.140> valuable 00:24:56.270 --> 00:24:56.280 align:start position:0% are valuable 00:24:56.280 --> 00:24:58.070 align:start position:0% are valuable I'm<00:24:56.400> curious<00:24:56.700> about<00:24:56.880> your<00:24:57.059> decision<00:24:57.360> not<00:24:57.720> to 00:24:58.070 --> 00:24:58.080 align:start position:0% I'm curious about your decision not to 00:24:58.080 --> 00:24:59.930 align:start position:0% I'm curious about your decision not to have<00:24:58.260> a<00:24:58.620> viable<00:24:58.860> business<00:24:59.100> model<00:24:59.400> around<00:24:59.640> this 00:24:59.930 --> 00:24:59.940 align:start position:0% have a viable business model around this 00:24:59.940 --> 00:25:01.730 align:start position:0% have a viable business model around this and<00:25:00.120> whether<00:25:00.360> that's<00:25:00.720> kind<00:25:01.080> of<00:25:01.140> short-sighted 00:25:01.730 --> 00:25:01.740 align:start position:0% and whether that's kind of short-sighted 00:25:01.740 --> 00:25:04.490 align:start position:0% and whether that's kind of short-sighted for<00:25:02.159> long-term<00:25:02.880> impact 00:25:04.490 --> 00:25:04.500 align:start position:0% for long-term impact 00:25:04.500 --> 00:25:06.110 align:start position:0% for long-term impact um<00:25:04.559> and<00:25:04.919> I<00:25:05.159> don't<00:25:05.220> know<00:25:05.340> I<00:25:05.460> see<00:25:05.580> this<00:25:05.760> a<00:25:05.880> lot<00:25:06.000> in 00:25:06.110 --> 00:25:06.120 align:start position:0% um and I don't know I see this a lot in 00:25:06.120 --> 00:25:07.610 align:start position:0% um and I don't know I see this a lot in crypto<00:25:06.419> where<00:25:06.600> there's<00:25:06.780> these<00:25:06.960> sort<00:25:07.140> of<00:25:07.320> very 00:25:07.610 --> 00:25:07.620 align:start position:0% crypto where there's these sort of very 00:25:07.620 --> 00:25:09.350 align:start position:0% crypto where there's these sort of very short 00:25:09.350 --> 00:25:09.360 align:start position:0% short 00:25:09.360 --> 00:25:11.450 align:start position:0% short um<00:25:09.780> projects<00:25:10.559> that<00:25:10.740> don't<00:25:10.919> have<00:25:11.039> really<00:25:11.280> like 00:25:11.450 --> 00:25:11.460 align:start position:0% um projects that don't have really like 00:25:11.460 --> 00:25:12.890 align:start position:0% um projects that don't have really like long-term 00:25:12.890 --> 00:25:12.900 align:start position:0% long-term 00:25:12.900 --> 00:25:15.529 align:start position:0% long-term sustainable<00:25:13.799> you<00:25:14.580> know<00:25:14.700> structures<00:25:15.360> I 00:25:15.529 --> 00:25:15.539 align:start position:0% sustainable you know structures I 00:25:15.539 --> 00:25:17.450 align:start position:0% sustainable you know structures I suppose<00:25:15.720> so<00:25:15.840> I<00:25:15.960> just<00:25:16.080> I'd<00:25:16.260> love<00:25:16.559> to<00:25:16.620> hear<00:25:16.740> why 00:25:17.450 --> 00:25:17.460 align:start position:0% suppose so I just I'd love to hear why 00:25:17.460 --> 00:25:19.430 align:start position:0% suppose so I just I'd love to hear why why<00:25:18.059> you've<00:25:18.240> chosen<00:25:18.480> to<00:25:18.600> do<00:25:18.720> that<00:25:18.840> I<00:25:19.140> have<00:25:19.260> so 00:25:19.430 --> 00:25:19.440 align:start position:0% why you've chosen to do that I have so 00:25:19.440 --> 00:25:21.350 align:start position:0% why you've chosen to do that I have so much<00:25:19.559> thinking<00:25:19.919> about<00:25:20.039> this<00:25:20.340> and<00:25:20.880> I'm<00:25:21.240> really 00:25:21.350 --> 00:25:21.360 align:start position:0% much thinking about this and I'm really 00:25:21.360 --> 00:25:23.090 align:start position:0% much thinking about this and I'm really glad<00:25:21.600> you<00:25:21.780> asked<00:25:22.320> um<00:25:22.380> I<00:25:22.559> will<00:25:22.679> not<00:25:22.860> get<00:25:22.980> into 00:25:23.090 --> 00:25:23.100 align:start position:0% glad you asked um I will not get into 00:25:23.100 --> 00:25:24.409 align:start position:0% glad you asked um I will not get into all<00:25:23.280> of<00:25:23.400> it<00:25:23.520> I<00:25:23.700> would<00:25:23.880> be<00:25:23.940> happy<00:25:24.059> to<00:25:24.240> take 00:25:24.409 --> 00:25:24.419 align:start position:0% all of it I would be happy to take 00:25:24.419 --> 00:25:25.970 align:start position:0% all of it I would be happy to take additional<00:25:24.900> questions<00:25:25.020> in<00:25:25.380> the<00:25:25.500> hallway<00:25:25.620> but 00:25:25.970 --> 00:25:25.980 align:start position:0% additional questions in the hallway but 00:25:25.980 --> 00:25:29.210 align:start position:0% additional questions in the hallway but uh<00:25:26.400> the<00:25:26.640> top<00:25:26.760> the<00:25:27.179> top<00:25:27.360> level<00:25:27.480> take<00:25:27.779> is<00:25:28.080> that<00:25:28.380> my 00:25:29.210 --> 00:25:29.220 align:start position:0% uh the top the top level take is that my 00:25:29.220 --> 00:25:30.830 align:start position:0% uh the top the top level take is that my team<00:25:29.340> within<00:25:29.580> protocol<00:25:29.880> Labs<00:25:30.299> is<00:25:30.600> actually 00:25:30.830 --> 00:25:30.840 align:start position:0% team within protocol Labs is actually 00:25:30.840 --> 00:25:34.370 align:start position:0% team within protocol Labs is actually intended<00:25:31.679> to<00:25:31.919> fund<00:25:32.539> unprofitable<00:25:33.539> impactful 00:25:34.370 --> 00:25:34.380 align:start position:0% intended to fund unprofitable impactful 00:25:34.380 --> 00:25:36.649 align:start position:0% intended to fund unprofitable impactful work<00:25:34.679> and<00:25:35.340> the<00:25:35.640> only<00:25:35.760> reason<00:25:35.940> that<00:25:36.179> works<00:25:36.480> is 00:25:36.649 --> 00:25:36.659 align:start position:0% work and the only reason that works is 00:25:36.659 --> 00:25:39.830 align:start position:0% work and the only reason that works is because<00:25:36.860> we<00:25:37.860> can<00:25:38.220> roughly<00:25:38.940> draw<00:25:39.360> a<00:25:39.539> boundary 00:25:39.830 --> 00:25:39.840 align:start position:0% because we can roughly draw a boundary 00:25:39.840 --> 00:25:42.769 align:start position:0% because we can roughly draw a boundary around<00:25:40.200> an<00:25:40.860> ecosystem<00:25:41.279> in<00:25:41.760> the<00:25:41.820> same<00:25:42.000> way<00:25:42.240> that 00:25:42.769 --> 00:25:42.779 align:start position:0% around an ecosystem in the same way that 00:25:42.779 --> 00:25:44.630 align:start position:0% around an ecosystem in the same way that a<00:25:43.200> nation<00:25:43.440> can<00:25:43.679> draw<00:25:43.860> a<00:25:43.980> boundary<00:25:44.220> around<00:25:44.400> an 00:25:44.630 --> 00:25:44.640 align:start position:0% a nation can draw a boundary around an 00:25:44.640 --> 00:25:46.549 align:start position:0% a nation can draw a boundary around an economy<00:25:45.000> tax<00:25:45.539> things<00:25:45.779> within<00:25:46.080> the<00:25:46.200> economy 00:25:46.549 --> 00:25:46.559 align:start position:0% economy tax things within the economy 00:25:46.559 --> 00:25:47.870 align:start position:0% economy tax things within the economy tax<00:25:46.740> certain<00:25:46.980> things<00:25:47.159> within<00:25:47.460> the<00:25:47.580> economy 00:25:47.870 --> 00:25:47.880 align:start position:0% tax certain things within the economy 00:25:47.880 --> 00:25:50.090 align:start position:0% tax certain things within the economy and<00:25:48.059> then<00:25:48.179> fund<00:25:48.480> infrastructure<00:25:49.020> I<00:25:49.679> am<00:25:49.860> the 00:25:50.090 --> 00:25:50.100 align:start position:0% and then fund infrastructure I am the 00:25:50.100 --> 00:25:51.769 align:start position:0% and then fund infrastructure I am the fund<00:25:50.580> infrastructure<00:25:51.179> side<00:25:51.419> of<00:25:51.659> that 00:25:51.769 --> 00:25:51.779 align:start position:0% fund infrastructure side of that 00:25:51.779 --> 00:25:53.570 align:start position:0% fund infrastructure side of that equation<00:25:52.080> we<00:25:52.559> have<00:25:52.740> other<00:25:52.919> value<00:25:53.159> capture 00:25:53.570 --> 00:25:53.580 align:start position:0% equation we have other value capture 00:25:53.580 --> 00:25:55.549 align:start position:0% equation we have other value capture mechanisms<00:25:54.059> that<00:25:54.659> exist<00:25:54.900> within<00:25:55.260> protocol 00:25:55.549 --> 00:25:55.559 align:start position:0% mechanisms that exist within protocol 00:25:55.559 --> 00:25:57.470 align:start position:0% mechanisms that exist within protocol labs<00:25:55.980> and<00:25:56.100> so<00:25:56.220> this<00:25:56.520> is<00:25:56.640> roughly<00:25:57.059> deeply 00:25:57.470 --> 00:25:57.480 align:start position:0% labs and so this is roughly deeply 00:25:57.480 --> 00:26:00.409 align:start position:0% labs and so this is roughly deeply subsidized<00:25:58.080> by<00:25:58.260> and<00:25:58.440> supported<00:25:58.860> by<00:25:58.980> filecoin 00:26:00.409 --> 00:26:00.419 align:start position:0% subsidized by and supported by filecoin 00:26:00.419 --> 00:26:01.850 align:start position:0% subsidized by and supported by filecoin um<00:26:00.480> if<00:26:00.720> other<00:26:00.840> people<00:26:01.080> would<00:26:01.260> like<00:26:01.440> to<00:26:01.559> support 00:26:01.850 --> 00:26:01.860 align:start position:0% um if other people would like to support 00:26:01.860 --> 00:26:03.470 align:start position:0% um if other people would like to support the<00:26:02.100> creation<00:26:02.340> of<00:26:02.520> this<00:26:02.700> that<00:26:03.179> would<00:26:03.360> be 00:26:03.470 --> 00:26:03.480 align:start position:0% the creation of this that would be 00:26:03.480 --> 00:26:06.110 align:start position:0% the creation of this that would be obviously<00:26:03.840> welcome<00:26:04.020> and<00:26:04.919> we<00:26:05.100> have<00:26:05.220> plans<00:26:05.640> that 00:26:06.110 --> 00:26:06.120 align:start position:0% obviously welcome and we have plans that 00:26:06.120 --> 00:26:09.350 align:start position:0% obviously welcome and we have plans that using<00:26:06.720> hyperserts<00:26:07.559> can<00:26:07.919> make<00:26:08.460> certain 00:26:09.350 --> 00:26:09.360 align:start position:0% using hyperserts can make certain 00:26:09.360 --> 00:26:13.190 align:start position:0% using hyperserts can make certain subsets<00:26:09.900> of<00:26:10.380> networks<00:26:10.980> or<00:26:11.340> economies<00:26:11.880> so<00:26:12.779> much 00:26:13.190 --> 00:26:13.200 align:start position:0% subsets of networks or economies so much 00:26:13.200 --> 00:26:15.049 align:start position:0% subsets of networks or economies so much more<00:26:13.440> productive<00:26:13.860> that 00:26:15.049 --> 00:26:15.059 align:start position:0% more productive that 00:26:15.059 --> 00:26:16.730 align:start position:0% more productive that strategic<00:26:15.779> investments<00:26:16.320> in<00:26:16.620> those 00:26:16.730 --> 00:26:16.740 align:start position:0% strategic investments in those 00:26:16.740 --> 00:26:19.730 align:start position:0% strategic investments in those ecosystems<00:26:17.460> can<00:26:18.299> provide<00:26:18.659> the<00:26:19.020> revenue<00:26:19.320> and 00:26:19.730 --> 00:26:19.740 align:start position:0% ecosystems can provide the revenue and 00:26:19.740 --> 00:26:21.350 align:start position:0% ecosystems can provide the revenue and the<00:26:19.860> business<00:26:19.980> model<00:26:20.340> that<00:26:20.640> we<00:26:20.760> might<00:26:20.880> need<00:26:21.000> so 00:26:21.350 --> 00:26:21.360 align:start position:0% the business model that we might need so 00:26:21.360 --> 00:26:23.210 align:start position:0% the business model that we might need so we<00:26:21.840> have<00:26:21.960> no<00:26:22.140> value<00:26:22.320> capture<00:26:22.679> in<00:26:22.980> within 00:26:23.210 --> 00:26:23.220 align:start position:0% we have no value capture in within 00:26:23.220 --> 00:26:25.070 align:start position:0% we have no value capture in within hyperserts<00:26:23.880> but<00:26:24.179> if<00:26:24.299> we<00:26:24.419> invest<00:26:24.659> in<00:26:24.840> things 00:26:25.070 --> 00:26:25.080 align:start position:0% hyperserts but if we invest in things 00:26:25.080 --> 00:26:27.110 align:start position:0% hyperserts but if we invest in things that<00:26:25.320> use<00:26:25.500> hyperserts<00:26:26.220> because<00:26:26.460> that<00:26:26.820> is 00:26:27.110 --> 00:26:27.120 align:start position:0% that use hyperserts because that is 00:26:27.120 --> 00:26:28.850 align:start position:0% that use hyperserts because that is their<00:26:27.299> competitive<00:26:27.659> advantage<00:26:28.020> that<00:26:28.559> becomes 00:26:28.850 --> 00:26:28.860 align:start position:0% their competitive advantage that becomes 00:26:28.860 --> 00:26:30.890 align:start position:0% their competitive advantage that becomes a<00:26:28.919> business<00:26:29.100> model<00:26:29.400> and<00:26:29.880> that's<00:26:30.120> just<00:26:30.480> one<00:26:30.779> of 00:26:30.890 --> 00:26:30.900 align:start position:0% a business model and that's just one of 00:26:30.900 --> 00:26:31.909 align:start position:0% a business model and that's just one of a<00:26:31.020> few<00:26:31.140> different<00:26:31.260> ways<00:26:31.620> you<00:26:31.679> could<00:26:31.799> think 00:26:31.909 --> 00:26:31.919 align:start position:0% a few different ways you could think 00:26:31.919 --> 00:26:33.710 align:start position:0% a few different ways you could think about<00:26:32.039> trying<00:26:32.279> to<00:26:32.400> make<00:26:32.520> that<00:26:32.640> sustainable 00:26:33.710 --> 00:26:33.720 align:start position:0% about trying to make that sustainable 00:26:33.720 --> 00:26:35.810 align:start position:0% about trying to make that sustainable I'm<00:26:33.900> curious<00:26:34.620> um<00:26:34.679> also<00:26:34.980> about<00:26:35.279> the 00:26:35.810 --> 00:26:35.820 align:start position:0% I'm curious um also about the 00:26:35.820 --> 00:26:38.330 align:start position:0% I'm curious um also about the duplication<00:26:36.299> of<00:26:36.600> credit<00:26:36.840> for<00:26:37.620> one<00:26:37.980> in<00:26:38.340> One 00:26:38.330 --> 00:26:38.340 align:start position:0% duplication of credit for one in One 00:26:38.340 --> 00:26:41.149 align:start position:0% duplication of credit for one in One impact<00:26:38.640> moment<00:26:39.059> so<00:26:39.600> for<00:26:40.200> example<00:26:40.440> if<00:26:40.740> you<00:26:40.919> have 00:26:41.149 --> 00:26:41.159 align:start position:0% impact moment so for example if you have 00:26:41.159 --> 00:26:43.970 align:start position:0% impact moment so for example if you have a<00:26:41.520> million<00:26:41.820> vaccines<00:26:42.240> that<00:26:42.659> are<00:26:42.779> created<00:26:43.140> and 00:26:43.970 --> 00:26:43.980 align:start position:0% a million vaccines that are created and 00:26:43.980 --> 00:26:45.950 align:start position:0% a million vaccines that are created and the<00:26:44.159> funder<00:26:44.520> the<00:26:44.700> vaccines<00:26:45.059> gets<00:26:45.539> a<00:26:45.600> hyper 00:26:45.950 --> 00:26:45.960 align:start position:0% the funder the vaccines gets a hyper 00:26:45.960 --> 00:26:47.750 align:start position:0% the funder the vaccines gets a hyper cert<00:26:46.140> for<00:26:46.380> funding<00:26:46.679> them<00:26:46.799> the<00:26:47.220> transporter 00:26:47.750 --> 00:26:47.760 align:start position:0% cert for funding them the transporter 00:26:47.760 --> 00:26:49.970 align:start position:0% cert for funding them the transporter gets<00:26:48.240> you<00:26:48.539> know<00:26:48.659> a<00:26:48.840> credit<00:26:49.080> for<00:26:49.320> that<00:26:49.559> the 00:26:49.970 --> 00:26:49.980 align:start position:0% gets you know a credit for that the 00:26:49.980 --> 00:26:52.250 align:start position:0% gets you know a credit for that the injector<00:26:50.460> gets<00:26:50.700> credit<00:26:50.820> for<00:26:51.179> that<00:26:51.299> like<00:26:51.659> how 00:26:52.250 --> 00:26:52.260 align:start position:0% injector gets credit for that like how 00:26:52.260 --> 00:26:54.110 align:start position:0% injector gets credit for that like how do<00:26:52.440> you<00:26:52.559> ensure<00:26:53.220> that<00:26:53.580> you're<00:26:53.700> not<00:26:53.880> giving 00:26:54.110 --> 00:26:54.120 align:start position:0% do you ensure that you're not giving 00:26:54.120 --> 00:26:56.090 align:start position:0% do you ensure that you're not giving away<00:26:54.360> five<00:26:54.900> million<00:26:55.320> vaccines<00:26:55.679> worth<00:26:55.919> of 00:26:56.090 --> 00:26:56.100 align:start position:0% away five million vaccines worth of 00:26:56.100 --> 00:26:58.250 align:start position:0% away five million vaccines worth of credit<00:26:56.340> for<00:26:56.880> one<00:26:57.179> million<00:26:57.539> vaccines<00:26:57.840> worth<00:26:58.080> of 00:26:58.250 --> 00:26:58.260 align:start position:0% credit for one million vaccines worth of 00:26:58.260 --> 00:27:00.169 align:start position:0% credit for one million vaccines worth of execution<00:26:58.679> the<00:26:59.100> hypersearch<00:26:59.700> itself<00:26:59.940> should 00:27:00.169 --> 00:27:00.179 align:start position:0% execution the hypersearch itself should 00:27:00.179 --> 00:27:02.570 align:start position:0% execution the hypersearch itself should include<00:27:00.600> specif<00:27:01.380> like<00:27:01.679> specifically<00:27:02.220> what<00:27:02.460> it 00:27:02.570 --> 00:27:02.580 align:start position:0% include specif like specifically what it 00:27:02.580 --> 00:27:03.710 align:start position:0% include specif like specifically what it was<00:27:02.700> that<00:27:02.880> they<00:27:03.000> did<00:27:03.120> and<00:27:03.240> then<00:27:03.360> if<00:27:03.539> you<00:27:03.600> wanted 00:27:03.710 --> 00:27:03.720 align:start position:0% was that they did and then if you wanted 00:27:03.720 --> 00:27:04.789 align:start position:0% was that they did and then if you wanted to<00:27:03.900> you<00:27:04.020> could<00:27:04.140> merge<00:27:04.380> the<00:27:04.559> whole<00:27:04.679> thing 00:27:04.789 --> 00:27:04.799 align:start position:0% to you could merge the whole thing 00:27:04.799 --> 00:27:05.930 align:start position:0% to you could merge the whole thing together 00:27:05.930 --> 00:27:05.940 align:start position:0% together 00:27:05.940 --> 00:27:08.210 align:start position:0% together um<00:27:06.000> in<00:27:06.480> proportions<00:27:06.900> that<00:27:07.260> the<00:27:07.679> initial 00:27:08.210 --> 00:27:08.220 align:start position:0% um in proportions that the initial 00:27:08.220 --> 00:27:10.610 align:start position:0% um in proportions that the initial issuers<00:27:09.000> thought<00:27:09.240> was<00:27:09.480> fair<00:27:09.659> merge<00:27:10.440> it<00:27:10.500> into 00:27:10.610 --> 00:27:10.620 align:start position:0% issuers thought was fair merge it into 00:27:10.620 --> 00:27:12.110 align:start position:0% issuers thought was fair merge it into one<00:27:10.860> thing<00:27:11.039> and<00:27:11.460> reward<00:27:11.760> the<00:27:11.940> whole<00:27:12.000> thing 00:27:12.110 --> 00:27:12.120 align:start position:0% one thing and reward the whole thing 00:27:12.120 --> 00:27:14.390 align:start position:0% one thing and reward the whole thing monolithically<00:27:12.840> there's<00:27:13.380> also<00:27:13.740> an<00:27:14.100> important 00:27:14.390 --> 00:27:14.400 align:start position:0% monolithically there's also an important 00:27:14.400 --> 00:27:16.390 align:start position:0% monolithically there's also an important factor<00:27:14.760> where<00:27:15.059> you<00:27:15.720> need<00:27:15.840> to<00:27:15.960> be<00:27:16.080> able<00:27:16.200> to 00:27:16.390 --> 00:27:16.400 align:start position:0% factor where you need to be able to 00:27:16.400 --> 00:27:18.710 align:start position:0% factor where you need to be able to scope<00:27:17.400> or<00:27:17.940> you<00:27:18.059> need<00:27:18.179> to<00:27:18.299> be<00:27:18.360> able<00:27:18.480> to<00:27:18.600> have 00:27:18.710 --> 00:27:18.720 align:start position:0% scope or you need to be able to have 00:27:18.720 --> 00:27:21.470 align:start position:0% scope or you need to be able to have anyone<00:27:19.320> to<00:27:19.559> say<00:27:19.799> I<00:27:20.640> think<00:27:20.700> this<00:27:20.940> is<00:27:21.059> the<00:27:21.179> impact 00:27:21.470 --> 00:27:21.480 align:start position:0% anyone to say I think this is the impact 00:27:21.480 --> 00:27:22.850 align:start position:0% anyone to say I think this is the impact or<00:27:21.720> the<00:27:21.900> value<00:27:22.020> of<00:27:22.440> this<00:27:22.559> particular 00:27:22.850 --> 00:27:22.860 align:start position:0% or the value of this particular 00:27:22.860 --> 00:27:26.630 align:start position:0% or the value of this particular hypersert<00:27:23.520> and<00:27:24.480> if<00:27:25.260> it<00:27:25.380> turns<00:27:25.679> out<00:27:25.799> that<00:27:26.159> like 00:27:26.630 --> 00:27:26.640 align:start position:0% hypersert and if it turns out that like 00:27:26.640 --> 00:27:29.930 align:start position:0% hypersert and if it turns out that like there<00:27:27.600> was<00:27:27.779> it<00:27:28.440> was<00:27:28.620> only<00:27:28.740> valid<00:27:29.220> because<00:27:29.460> the 00:27:29.930 --> 00:27:29.940 align:start position:0% there was it was only valid because the 00:27:29.940 --> 00:27:32.450 align:start position:0% there was it was only valid because the transporter<00:27:30.600> rushed<00:27:31.380> it<00:27:31.440> through<00:27:31.740> and<00:27:32.279> like 00:27:32.450 --> 00:27:32.460 align:start position:0% transporter rushed it through and like 00:27:32.460 --> 00:27:35.269 align:start position:0% transporter rushed it through and like made<00:27:32.700> it<00:27:32.880> in<00:27:33.000> time<00:27:33.179> then<00:27:33.779> people<00:27:34.140> might<00:27:34.860> like 00:27:35.269 --> 00:27:35.279 align:start position:0% made it in time then people might like 00:27:35.279 --> 00:27:36.590 align:start position:0% made it in time then people might like people<00:27:35.520> should<00:27:35.760> be<00:27:35.880> able<00:27:36.000> to<00:27:36.059> subjectively 00:27:36.590 --> 00:27:36.600 align:start position:0% people should be able to subjectively 00:27:36.600 --> 00:27:39.710 align:start position:0% people should be able to subjectively evaluate<00:27:37.080> that<00:27:37.320> and<00:27:37.860> say<00:27:38.460> I'm<00:27:39.000> putting<00:27:39.419> this 00:27:39.710 --> 00:27:39.720 align:start position:0% evaluate that and say I'm putting this 00:27:39.720 --> 00:27:42.049 align:start position:0% evaluate that and say I'm putting this subjective<00:27:40.400> subjectively<00:27:41.400> quantifying<00:27:41.940> the 00:27:42.049 --> 00:27:42.059 align:start position:0% subjective subjectively quantifying the 00:27:42.059 --> 00:27:43.909 align:start position:0% subjective subjectively quantifying the value<00:27:42.299> of<00:27:42.539> this<00:27:42.720> as<00:27:43.140> higher<00:27:43.500> for<00:27:43.679> these 00:27:43.909 --> 00:27:43.919 align:start position:0% value of this as higher for these 00:27:43.919 --> 00:27:45.470 align:start position:0% value of this as higher for these reasons<00:27:44.279> and<00:27:44.700> then<00:27:44.820> the<00:27:44.940> people<00:27:45.059> who<00:27:45.419> are 00:27:45.470 --> 00:27:45.480 align:start position:0% reasons and then the people who are 00:27:45.480 --> 00:27:47.510 align:start position:0% reasons and then the people who are funding<00:27:45.779> these<00:27:46.020> might<00:27:46.380> decide<00:27:46.679> that<00:27:46.860> is<00:27:47.100> or<00:27:47.279> is 00:27:47.510 --> 00:27:47.520 align:start position:0% funding these might decide that is or is 00:27:47.520 --> 00:27:51.169 align:start position:0% funding these might decide that is or is not<00:27:47.700> aligned<00:27:48.240> with<00:27:48.299> their<00:27:48.419> value<00:27:48.600> metric 00:27:51.169 --> 00:27:51.179 align:start position:0% 00:27:51.179 --> 00:27:53.570 align:start position:0% hey<00:27:51.659> thanks<00:27:51.840> for<00:27:52.020> talk<00:27:52.380> uh<00:27:52.919> I'm<00:27:53.039> Marco<00:27:53.400> I'm 00:27:53.570 --> 00:27:53.580 align:start position:0% hey thanks for talk uh I'm Marco I'm 00:27:53.580 --> 00:27:56.390 align:start position:0% hey thanks for talk uh I'm Marco I'm with<00:27:53.760> ssvidel<00:27:54.480> and<00:27:55.320> uh<00:27:55.559> I'm<00:27:55.799> wondering<00:27:56.100> uh 00:27:56.390 --> 00:27:56.400 align:start position:0% with ssvidel and uh I'm wondering uh 00:27:56.400 --> 00:27:57.830 align:start position:0% with ssvidel and uh I'm wondering uh have<00:27:56.640> you<00:27:56.820> thought<00:27:57.000> about 00:27:57.830 --> 00:27:57.840 align:start position:0% have you thought about 00:27:57.840 --> 00:28:00.710 align:start position:0% have you thought about how<00:27:58.500> if<00:27:59.220> it<00:27:59.340> this<00:27:59.580> would<00:27:59.760> be<00:27:59.940> a<00:28:00.059> good<00:28:00.179> tool<00:28:00.480> for 00:28:00.710 --> 00:28:00.720 align:start position:0% how if it this would be a good tool for 00:28:00.720 --> 00:28:03.769 align:start position:0% how if it this would be a good tool for dolls<00:28:01.320> like<00:28:02.220> d5s<00:28:03.000> or<00:28:03.120> dowels<00:28:03.419> in<00:28:03.480> crypto 00:28:03.769 --> 00:28:03.779 align:start position:0% dolls like d5s or dowels in crypto 00:28:03.779 --> 00:28:06.950 align:start position:0% dolls like d5s or dowels in crypto General<00:28:03.960> to<00:28:04.740> implement<00:28:05.159> and 00:28:06.950 --> 00:28:06.960 align:start position:0% General to implement and 00:28:06.960 --> 00:28:09.590 align:start position:0% General to implement and um<00:28:07.020> how<00:28:07.440> easy<00:28:07.620> would<00:28:08.039> it<00:28:08.159> be<00:28:08.340> to<00:28:08.760> to<00:28:09.120> implement 00:28:09.590 --> 00:28:09.600 align:start position:0% um how easy would it be to to implement 00:28:09.600 --> 00:28:11.450 align:start position:0% um how easy would it be to to implement something<00:28:09.900> like<00:28:10.140> this<00:28:10.380> or<00:28:10.679> what<00:28:10.860> could<00:28:11.159> be<00:28:11.340> the 00:28:11.450 --> 00:28:11.460 align:start position:0% something like this or what could be the 00:28:11.460 --> 00:28:13.909 align:start position:0% something like this or what could be the the<00:28:11.700> benefits<00:28:12.240> I<00:28:12.779> really<00:28:12.900> do<00:28:13.020> hope<00:28:13.200> implement 00:28:13.909 --> 00:28:13.919 align:start position:0% the benefits I really do hope implement 00:28:13.919 --> 00:28:16.789 align:start position:0% the benefits I really do hope implement this<00:28:14.159> I<00:28:14.340> think<00:28:14.400> that<00:28:14.640> they<00:28:15.480> are<00:28:15.720> like<00:28:16.260> Dows<00:28:16.679> are 00:28:16.789 --> 00:28:16.799 align:start position:0% this I think that they are like Dows are 00:28:16.799 --> 00:28:19.130 align:start position:0% this I think that they are like Dows are going<00:28:16.919> to<00:28:17.039> be<00:28:17.100> closest<00:28:17.400> to<00:28:17.760> understanding<00:28:18.419> the 00:28:19.130 --> 00:28:19.140 align:start position:0% going to be closest to understanding the 00:28:19.140 --> 00:28:21.110 align:start position:0% going to be closest to understanding the and<00:28:19.440> extrapolating<00:28:19.980> the<00:28:20.159> potential<00:28:20.520> for<00:28:20.880> this 00:28:21.110 --> 00:28:21.120 align:start position:0% and extrapolating the potential for this 00:28:21.120 --> 00:28:23.630 align:start position:0% and extrapolating the potential for this framework<00:28:21.480> I<00:28:22.200> do<00:28:22.320> think<00:28:22.559> that<00:28:22.860> there's<00:28:23.220> a 00:28:23.630 --> 00:28:23.640 align:start position:0% framework I do think that there's a 00:28:23.640 --> 00:28:25.789 align:start position:0% framework I do think that there's a challenge<00:28:23.820> around<00:28:24.240> the<00:28:25.080> fact<00:28:25.200> that<00:28:25.440> this<00:28:25.620> does 00:28:25.789 --> 00:28:25.799 align:start position:0% challenge around the fact that this does 00:28:25.799 --> 00:28:28.490 align:start position:0% challenge around the fact that this does not<00:28:25.980> this<00:28:26.340> is<00:28:26.460> not<00:28:26.640> a<00:28:26.820> source<00:28:27.120> of<00:28:27.179> funding<00:28:27.600> and 00:28:28.490 --> 00:28:28.500 align:start position:0% not this is not a source of funding and 00:28:28.500 --> 00:28:30.710 align:start position:0% not this is not a source of funding and if<00:28:28.919> that<00:28:29.100> was<00:28:29.340> reach<00:28:29.640> for<00:28:29.820> hyperserts<00:28:30.480> as<00:28:30.600> a 00:28:30.710 --> 00:28:30.720 align:start position:0% if that was reach for hyperserts as a 00:28:30.720 --> 00:28:33.470 align:start position:0% if that was reach for hyperserts as a way<00:28:30.840> of<00:28:31.020> raising<00:28:31.559> money<00:28:31.740> no<00:28:32.279> no<00:28:32.400> I<00:28:32.820> mean<00:28:32.940> like 00:28:33.470 --> 00:28:33.480 align:start position:0% way of raising money no no I mean like 00:28:33.480 --> 00:28:35.870 align:start position:0% way of raising money no no I mean like the<00:28:33.600> dolls<00:28:34.020> that<00:28:34.140> have<00:28:34.320> money<00:28:34.559> but<00:28:34.919> allocating 00:28:35.870 --> 00:28:35.880 align:start position:0% the dolls that have money but allocating 00:28:35.880 --> 00:28:38.630 align:start position:0% the dolls that have money but allocating yes<00:28:36.299> we<00:28:36.779> want<00:28:37.020> to<00:28:37.140> like<00:28:37.620> help<00:28:37.799> to<00:28:38.100> grow<00:28:38.400> the 00:28:38.630 --> 00:28:38.640 align:start position:0% yes we want to like help to grow the 00:28:38.640 --> 00:28:40.730 align:start position:0% yes we want to like help to grow the ecosystem<00:28:39.000> right<00:28:39.299> we<00:28:39.600> need<00:28:39.779> yeah<00:28:40.260> a<00:28:40.500> lot<00:28:40.620> of 00:28:40.730 --> 00:28:40.740 align:start position:0% ecosystem right we need yeah a lot of 00:28:40.740 --> 00:28:43.310 align:start position:0% ecosystem right we need yeah a lot of structure<00:28:41.640> built<00:28:42.000> for<00:28:42.120> the<00:28:42.299> Dow<00:28:42.600> that<00:28:42.900> that 00:28:43.310 --> 00:28:43.320 align:start position:0% structure built for the Dow that that 00:28:43.320 --> 00:28:45.590 align:start position:0% structure built for the Dow that that could<00:28:44.039> be<00:28:44.159> that<00:28:44.400> is<00:28:44.700> chemical<00:28:45.059> being<00:28:45.360> built<00:28:45.539> by 00:28:45.590 --> 00:28:45.600 align:start position:0% could be that is chemical being built by 00:28:45.600 --> 00:28:47.269 align:start position:0% could be that is chemical being built by by<00:28:45.840> Grant<00:28:46.200> you'll<00:28:46.559> be<00:28:46.620> able<00:28:46.740> to<00:28:46.860> identify 00:28:47.269 --> 00:28:47.279 align:start position:0% by Grant you'll be able to identify 00:28:47.279 --> 00:28:48.830 align:start position:0% by Grant you'll be able to identify perfect<00:28:47.580> analogs<00:28:48.120> for<00:28:48.240> this<00:28:48.360> but<00:28:48.600> I'm<00:28:48.720> really 00:28:48.830 --> 00:28:48.840 align:start position:0% perfect analogs for this but I'm really 00:28:48.840 --> 00:28:51.049 align:start position:0% perfect analogs for this but I'm really excited<00:28:49.140> about<00:28:49.200> one<00:28:49.500> application<00:28:49.860> where<00:28:50.159> for 00:28:51.049 --> 00:28:51.059 align:start position:0% excited about one application where for 00:28:51.059 --> 00:28:53.450 align:start position:0% excited about one application where for uh<00:28:51.539> a<00:28:52.080> file<00:28:52.320> coin<00:28:52.620> conference<00:28:52.799> or<00:28:52.980> an<00:28:53.100> ipfs 00:28:53.450 --> 00:28:53.460 align:start position:0% uh a file coin conference or an ipfs 00:28:53.460 --> 00:28:55.730 align:start position:0% uh a file coin conference or an ipfs conference<00:28:53.820> we<00:28:54.240> could<00:28:54.419> say<00:28:54.659> 50<00:28:55.080> off<00:28:55.620> your 00:28:55.730 --> 00:28:55.740 align:start position:0% conference we could say 50 off your 00:28:55.740 --> 00:28:57.769 align:start position:0% conference we could say 50 off your ticket<00:28:55.980> if<00:28:56.460> you<00:28:56.760> have<00:28:57.179> a<00:28:57.240> hyper<00:28:57.480> cert<00:28:57.659> that 00:28:57.769 --> 00:28:57.779 align:start position:0% ticket if you have a hyper cert that 00:28:57.779 --> 00:29:00.529 align:start position:0% ticket if you have a hyper cert that that<00:28:58.200> shows<00:28:58.500> you've<00:28:58.740> supported<00:28:59.100> either<00:28:59.820> one 00:29:00.529 --> 00:29:00.539 align:start position:0% that shows you've supported either one 00:29:00.539 --> 00:29:03.649 align:start position:0% that shows you've supported either one of<00:29:00.659> our<00:29:00.840> like<00:29:01.200> either<00:29:01.620> ipfs<00:29:02.279> or<00:29:02.640> one<00:29:02.940> of<00:29:03.059> its 00:29:03.649 --> 00:29:03.659 align:start position:0% of our like either ipfs or one of its 00:29:03.659 --> 00:29:05.690 align:start position:0% of our like either ipfs or one of its technological<00:29:04.020> dependencies<00:29:04.559> and<00:29:05.159> then<00:29:05.279> for 00:29:05.690 --> 00:29:05.700 align:start position:0% technological dependencies and then for 00:29:05.700 --> 00:29:07.850 align:start position:0% technological dependencies and then for a<00:29:05.820> 50<00:29:05.880> discount<00:29:06.480> we<00:29:06.960> sell<00:29:07.140> all<00:29:07.380> of<00:29:07.440> our<00:29:07.559> hyper 00:29:07.850 --> 00:29:07.860 align:start position:0% a 50 discount we sell all of our hyper 00:29:07.860 --> 00:29:09.710 align:start position:0% a 50 discount we sell all of our hyper search<00:29:07.980> for<00:29:08.220> 55<00:29:08.580> so<00:29:09.059> either<00:29:09.179> you're<00:29:09.419> donating 00:29:09.710 --> 00:29:09.720 align:start position:0% search for 55 so either you're donating 00:29:09.720 --> 00:29:12.409 align:start position:0% search for 55 so either you're donating five<00:29:09.960> dollars<00:29:10.200> to<00:29:10.380> us<00:29:10.559> or<00:29:11.340> we<00:29:11.640> are<00:29:11.760> subsidizing 00:29:12.409 --> 00:29:12.419 align:start position:0% five dollars to us or we are subsidizing 00:29:12.419 --> 00:29:15.350 align:start position:0% five dollars to us or we are subsidizing you<00:29:12.900> onboarding<00:29:13.559> and<00:29:13.799> funding<00:29:14.279> the<00:29:15.059> projects 00:29:15.350 --> 00:29:15.360 align:start position:0% you onboarding and funding the projects 00:29:15.360 --> 00:29:16.730 align:start position:0% you onboarding and funding the projects that<00:29:15.480> we<00:29:15.600> depend<00:29:15.840> on 00:29:16.730 --> 00:29:16.740 align:start position:0% that we depend on 00:29:16.740 --> 00:29:18.470 align:start position:0% that we depend on and<00:29:17.159> then<00:29:17.460> you<00:29:17.700> can<00:29:17.820> demonstrate<00:29:18.240> that 00:29:18.470 --> 00:29:18.480 align:start position:0% and then you can demonstrate that 00:29:18.480 --> 00:29:19.549 align:start position:0% and then you can demonstrate that support<00:29:18.659> by<00:29:18.899> bringing<00:29:19.140> a<00:29:19.200> hyper<00:29:19.440> certain 00:29:19.549 --> 00:29:19.559 align:start position:0% support by bringing a hyper certain 00:29:19.559 --> 00:29:21.889 align:start position:0% support by bringing a hyper certain saying<00:29:19.919> look<00:29:19.980> I<00:29:20.279> decided<00:29:20.640> to<00:29:20.700> support<00:29:20.940> this 00:29:21.889 --> 00:29:21.899 align:start position:0% saying look I decided to support this 00:29:21.899 --> 00:29:23.630 align:start position:0% saying look I decided to support this particular<00:29:22.140> by<00:29:22.799> JavaScript<00:29:23.159> library<00:29:23.399> that 00:29:23.630 --> 00:29:23.640 align:start position:0% particular by JavaScript library that 00:29:23.640 --> 00:29:25.549 align:start position:0% particular by JavaScript library that live<00:29:23.760> P2P<00:29:24.240> depends<00:29:24.539> on<00:29:24.600> that<00:29:24.720> ipfs<00:29:25.260> clearly 00:29:25.549 --> 00:29:25.559 align:start position:0% live P2P depends on that ipfs clearly 00:29:25.559 --> 00:29:27.710 align:start position:0% live P2P depends on that ipfs clearly depends<00:29:25.860> on<00:29:25.980> and<00:29:26.399> as<00:29:26.580> a<00:29:26.760> result 00:29:27.710 --> 00:29:27.720 align:start position:0% depends on and as a result 00:29:27.720 --> 00:29:29.810 align:start position:0% depends on and as a result um<00:29:27.779> I've<00:29:28.080> like<00:29:28.380> protocol<00:29:28.799> ads<00:29:29.159> can 00:29:29.810 --> 00:29:29.820 align:start position:0% um I've like protocol ads can 00:29:29.820 --> 00:29:31.250 align:start position:0% um I've like protocol ads can create<00:29:30.299> a<00:29:30.480> network<00:29:30.600> effect<00:29:30.840> and<00:29:31.080> start 00:29:31.250 --> 00:29:31.260 align:start position:0% create a network effect and start 00:29:31.260 --> 00:29:32.870 align:start position:0% create a network effect and start subsidizing<00:29:31.919> the<00:29:32.039> creation<00:29:32.279> of<00:29:32.399> public<00:29:32.520> goods 00:29:32.870 --> 00:29:32.880 align:start position:0% subsidizing the creation of public goods 00:29:32.880 --> 00:29:35.090 align:start position:0% subsidizing the creation of public goods in<00:29:32.940> this<00:29:33.059> way<00:29:33.240> and<00:29:33.659> I<00:29:33.779> would<00:29:33.840> hope<00:29:34.020> that<00:29:34.320> Dows 00:29:35.090 --> 00:29:35.100 align:start position:0% in this way and I would hope that Dows 00:29:35.100 --> 00:29:36.950 align:start position:0% in this way and I would hope that Dows and<00:29:35.580> other<00:29:35.760> conferences<00:29:36.299> could<00:29:36.539> start<00:29:36.720> doing 00:29:36.950 --> 00:29:36.960 align:start position:0% and other conferences could start doing 00:29:36.960 --> 00:29:38.750 align:start position:0% and other conferences could start doing this<00:29:37.260> and<00:29:37.860> you<00:29:37.980> could<00:29:38.100> see<00:29:38.220> this<00:29:38.399> start<00:29:38.580> to 00:29:38.750 --> 00:29:38.760 align:start position:0% this and you could see this start to 00:29:38.760 --> 00:29:40.730 align:start position:0% this and you could see this start to spread<00:29:39.120> and<00:29:39.299> really<00:29:39.600> increase<00:29:40.140> the<00:29:40.440> amount<00:29:40.679> of 00:29:40.730 --> 00:29:40.740 align:start position:0% spread and really increase the amount of 00:29:40.740 --> 00:29:42.230 align:start position:0% spread and really increase the amount of public<00:29:40.860> goods<00:29:41.159> that<00:29:41.220> are<00:29:41.340> funded<00:29:41.580> hi<00:29:41.880> Evan 00:29:42.230 --> 00:29:42.240 align:start position:0% public goods that are funded hi Evan 00:29:42.240 --> 00:29:43.610 align:start position:0% public goods that are funded hi Evan I've<00:29:42.659> been<00:29:42.779> involved<00:29:43.080> in<00:29:43.140> quite<00:29:43.320> a<00:29:43.440> lot<00:29:43.500> of 00:29:43.610 --> 00:29:43.620 align:start position:0% I've been involved in quite a lot of 00:29:43.620 --> 00:29:45.169 align:start position:0% I've been involved in quite a lot of long-running<00:29:44.279> and<00:29:44.399> some<00:29:44.580> short-running 00:29:45.169 --> 00:29:45.179 align:start position:0% long-running and some short-running 00:29:45.179 --> 00:29:48.289 align:start position:0% long-running and some short-running non-profit<00:29:45.720> projects<00:29:46.200> where<00:29:47.179> further<00:29:48.179> down 00:29:48.289 --> 00:29:48.299 align:start position:0% non-profit projects where further down 00:29:48.299 --> 00:29:49.970 align:start position:0% non-profit projects where further down the<00:29:48.480> line<00:29:48.600> it's<00:29:48.779> very<00:29:49.020> hard<00:29:49.200> for<00:29:49.440> everybody<00:29:49.559> to 00:29:49.970 --> 00:29:49.980 align:start position:0% the line it's very hard for everybody to 00:29:49.980 --> 00:29:52.430 align:start position:0% the line it's very hard for everybody to remember<00:29:50.039> and<00:29:50.399> Achieve<00:29:50.700> consensus<00:29:51.299> on<00:29:52.020> who 00:29:52.430 --> 00:29:52.440 align:start position:0% remember and Achieve consensus on who 00:29:52.440 --> 00:29:54.889 align:start position:0% remember and Achieve consensus on who made<00:29:52.620> what<00:29:52.860> contribution<00:29:53.460> and<00:29:54.419> is<00:29:54.600> there<00:29:54.720> any 00:29:54.889 --> 00:29:54.899 align:start position:0% made what contribution and is there any 00:29:54.899 --> 00:29:56.990 align:start position:0% made what contribution and is there any any<00:29:55.260> sort<00:29:55.559> of<00:29:55.620> Deadlock<00:29:56.100> resolution<00:29:56.760> or 00:29:56.990 --> 00:29:57.000 align:start position:0% any sort of Deadlock resolution or 00:29:57.000 --> 00:29:59.690 align:start position:0% any sort of Deadlock resolution or conflict<00:29:57.419> resolution<00:29:57.840> in<00:29:58.380> the<00:29:59.039> job<00:29:59.159> of<00:29:59.340> in<00:29:59.640> in 00:29:59.690 --> 00:29:59.700 align:start position:0% conflict resolution in the job of in in 00:29:59.700 --> 00:30:01.610 align:start position:0% conflict resolution in the job of in in the<00:30:00.120> system<00:30:00.299> for<00:30:00.779> you<00:30:01.260> know<00:30:01.320> when<00:30:01.500> you're 00:30:01.610 --> 00:30:01.620 align:start position:0% the system for you know when you're 00:30:01.620 --> 00:30:02.990 align:start position:0% the system for you know when you're trying<00:30:01.799> to<00:30:01.919> get<00:30:02.039> around<00:30:02.159> to<00:30:02.399> quantifying<00:30:02.880> the 00:30:02.990 --> 00:30:03.000 align:start position:0% trying to get around to quantifying the 00:30:03.000 --> 00:30:04.730 align:start position:0% trying to get around to quantifying the subjective<00:30:03.419> as<00:30:03.600> you<00:30:03.720> said<00:30:03.840> yeah<00:30:04.140> I<00:30:04.260> think<00:30:04.559> that 00:30:04.730 --> 00:30:04.740 align:start position:0% subjective as you said yeah I think that 00:30:04.740 --> 00:30:06.769 align:start position:0% subjective as you said yeah I think that it<00:30:04.919> needs<00:30:05.279> to<00:30:05.340> or<00:30:06.120> does<00:30:06.299> that<00:30:06.419> just<00:30:06.539> stay<00:30:06.659> in 00:30:06.769 --> 00:30:06.779 align:start position:0% it needs to or does that just stay in 00:30:06.779 --> 00:30:08.750 align:start position:0% it needs to or does that just stay in the<00:30:06.899> human<00:30:07.020> sphere<00:30:07.320> I<00:30:08.100> think<00:30:08.220> it<00:30:08.279> lays<00:30:08.580> in<00:30:08.640> the 00:30:08.750 --> 00:30:08.760 align:start position:0% the human sphere I think it lays in the 00:30:08.760 --> 00:30:10.190 align:start position:0% the human sphere I think it lays in the human<00:30:08.880> sphere<00:30:09.600> um 00:30:10.190 --> 00:30:10.200 align:start position:0% human sphere um 00:30:10.200 --> 00:30:12.470 align:start position:0% human sphere um quantifying<00:30:10.980> this<00:30:11.100> objective<00:30:11.460> since<00:30:11.640> 2021. 00:30:12.470 --> 00:30:12.480 align:start position:0% quantifying this objective since 2021. 00:30:12.480 --> 00:30:16.190 align:start position:0% quantifying this objective since 2021. um<00:30:12.500> I<00:30:13.500> I<00:30:14.100> think<00:30:14.279> that<00:30:14.460> it<00:30:14.760> needs<00:30:15.000> to<00:30:15.179> be<00:30:15.360> like 00:30:16.190 --> 00:30:16.200 align:start position:0% um I I think that it needs to be like 00:30:16.200 --> 00:30:18.710 align:start position:0% um I I think that it needs to be like taking<00:30:16.679> only<00:30:17.220> what<00:30:17.580> is<00:30:17.820> incredibly<00:30:18.360> important 00:30:18.710 --> 00:30:18.720 align:start position:0% taking only what is incredibly important 00:30:18.720 --> 00:30:20.930 align:start position:0% taking only what is incredibly important to<00:30:19.080> have<00:30:19.260> in<00:30:19.559> the<00:30:19.620> data<00:30:19.860> model<00:30:19.980> itself<00:30:20.399> having 00:30:20.930 --> 00:30:20.940 align:start position:0% to have in the data model itself having 00:30:20.940 --> 00:30:22.490 align:start position:0% to have in the data model itself having that<00:30:21.120> on<00:30:21.240> chain<00:30:21.419> and<00:30:21.600> having<00:30:21.840> everything<00:30:22.140> else 00:30:22.490 --> 00:30:22.500 align:start position:0% that on chain and having everything else 00:30:22.500 --> 00:30:24.649 align:start position:0% that on chain and having everything else be<00:30:22.980> something<00:30:23.220> that<00:30:23.520> some<00:30:23.700> evaluator<00:30:24.240> has 00:30:24.649 --> 00:30:24.659 align:start position:0% be something that some evaluator has 00:30:24.659 --> 00:30:26.630 align:start position:0% be something that some evaluator has attached<00:30:25.080> to<00:30:25.559> one<00:30:26.159> of<00:30:26.220> these<00:30:26.340> impact 00:30:26.630 --> 00:30:26.640 align:start position:0% attached to one of these impact 00:30:26.640 --> 00:30:30.529 align:start position:0% attached to one of these impact certificates<00:30:27.179> and<00:30:27.720> saying<00:30:28.200> like<00:30:28.620> this<00:30:29.159> is<00:30:29.399> why 00:30:30.529 --> 00:30:30.539 align:start position:0% certificates and saying like this is why 00:30:30.539 --> 00:30:31.430 align:start position:0% certificates and saying like this is why um 00:30:31.430 --> 00:30:31.440 align:start position:0% um 00:30:31.440 --> 00:30:33.529 align:start position:0% um like<00:30:31.860> this<00:30:32.159> is<00:30:32.279> why<00:30:32.520> this<00:30:32.820> is<00:30:32.940> the<00:30:33.120> person<00:30:33.240> who 00:30:33.529 --> 00:30:33.539 align:start position:0% like this is why this is the person who 00:30:33.539 --> 00:30:34.850 align:start position:0% like this is why this is the person who actually<00:30:33.720> contributed<00:30:34.200> this<00:30:34.380> thing<00:30:34.500> or<00:30:34.679> like 00:30:34.850 --> 00:30:34.860 align:start position:0% actually contributed this thing or like 00:30:34.860 --> 00:30:36.169 align:start position:0% actually contributed this thing or like this<00:30:35.039> contribution<00:30:35.399> was<00:30:35.580> the<00:30:35.760> most<00:30:35.880> important 00:30:36.169 --> 00:30:36.179 align:start position:0% this contribution was the most important 00:30:36.179 --> 00:30:38.990 align:start position:0% this contribution was the most important and<00:30:36.779> then<00:30:36.899> at<00:30:37.200> some<00:30:37.380> point<00:30:37.500> because<00:30:38.220> these 00:30:38.990 --> 00:30:39.000 align:start position:0% and then at some point because these 00:30:39.000 --> 00:30:41.450 align:start position:0% and then at some point because these exist<00:30:39.299> in<00:30:39.600> a<00:30:39.840> market<00:30:40.020> hypothetically<00:30:40.799> then 00:30:41.450 --> 00:30:41.460 align:start position:0% exist in a market hypothetically then 00:30:41.460 --> 00:30:43.909 align:start position:0% exist in a market hypothetically then the<00:30:41.820> market<00:30:41.940> would<00:30:42.299> decide<00:30:42.659> which<00:30:43.320> of<00:30:43.620> those 00:30:43.909 --> 00:30:43.919 align:start position:0% the market would decide which of those 00:30:43.919 --> 00:30:46.250 align:start position:0% the market would decide which of those sub<00:30:44.100> components<00:30:44.640> are<00:30:44.820> valuable<00:30:45.179> you<00:30:46.140> could 00:30:46.250 --> 00:30:46.260 align:start position:0% sub components are valuable you could 00:30:46.260 --> 00:30:48.889 align:start position:0% sub components are valuable you could also<00:30:46.559> and<00:30:46.919> should<00:30:47.100> also<00:30:47.580> have<00:30:47.820> robust<00:30:48.480> systems 00:30:48.889 --> 00:30:48.899 align:start position:0% also and should also have robust systems 00:30:48.899 --> 00:30:50.210 align:start position:0% also and should also have robust systems where<00:30:49.020> eventually<00:30:49.620> Sovereign<00:30:49.980> currency 00:30:50.210 --> 00:30:50.220 align:start position:0% where eventually Sovereign currency 00:30:50.220 --> 00:30:53.450 align:start position:0% where eventually Sovereign currency issuing<00:30:50.779> countries<00:30:51.779> are<00:30:52.200> deciding<00:30:52.679> that<00:30:53.039> they 00:30:53.450 --> 00:30:53.460 align:start position:0% issuing countries are deciding that they 00:30:53.460 --> 00:30:55.310 align:start position:0% issuing countries are deciding that they are<00:30:53.640> using<00:30:53.880> their<00:30:54.059> governance<00:30:54.480> structures<00:30:54.899> or 00:30:55.310 --> 00:30:55.320 align:start position:0% are using their governance structures or 00:30:55.320 --> 00:30:57.830 align:start position:0% are using their governance structures or even<00:30:55.559> uh<00:30:56.399> Network<00:30:56.640> States<00:30:57.000> could<00:30:57.299> be<00:30:57.419> issuing 00:30:57.830 --> 00:30:57.840 align:start position:0% even uh Network States could be issuing 00:30:57.840 --> 00:30:59.210 align:start position:0% even uh Network States could be issuing their<00:30:58.140> own<00:30:58.260> currencies<00:30:58.620> and<00:30:58.860> doing<00:30:59.039> this 00:30:59.210 --> 00:30:59.220 align:start position:0% their own currencies and doing this 00:30:59.220 --> 00:31:00.950 align:start position:0% their own currencies and doing this where<00:30:59.580> they're<00:30:59.760> supporting<00:31:00.120> the<00:31:00.179> creation<00:31:00.480> of 00:31:00.950 --> 00:31:00.960 align:start position:0% where they're supporting the creation of 00:31:00.960 --> 00:31:03.049 align:start position:0% where they're supporting the creation of infrastructure<00:31:01.440> as<00:31:01.679> they<00:31:01.860> see<00:31:02.039> fit<00:31:02.399> and<00:31:02.940> then 00:31:03.049 --> 00:31:03.059 align:start position:0% infrastructure as they see fit and then 00:31:03.059 --> 00:31:05.210 align:start position:0% infrastructure as they see fit and then you<00:31:03.299> can<00:31:03.419> see<00:31:03.659> more<00:31:04.080> robust<00:31:04.440> governance 00:31:05.210 --> 00:31:05.220 align:start position:0% you can see more robust governance 00:31:05.220 --> 00:31:06.889 align:start position:0% you can see more robust governance systems<00:31:05.520> other<00:31:05.700> than<00:31:05.940> just<00:31:06.120> markets<00:31:06.600> showing 00:31:06.889 --> 00:31:06.899 align:start position:0% systems other than just markets showing 00:31:06.899 --> 00:31:09.260 align:start position:0% systems other than just markets showing up<00:31:06.960> for<00:31:07.140> that