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 --> 00:00:15.790 align:start position:0% [Music] 00:00:15.790 --> 00:00:15.800 align:start position:0% 00:00:15.800 --> 00:00:19.670 align:start position:0% like<00:00:16.800> the<00:00:16.980> the<00:00:17.160> most<00:00:17.400> liquid<00:00:17.960> token<00:00:18.960> in<00:00:19.440> the 00:00:19.670 --> 00:00:19.680 align:start position:0% like the the most liquid token in the 00:00:19.680 --> 00:00:22.010 align:start position:0% like the the most liquid token in the like<00:00:19.980> except<00:00:20.279> Bitcoin<00:00:20.760> right<00:00:21.000> in<00:00:21.240> the<00:00:21.420> in<00:00:21.720> the 00:00:22.010 --> 00:00:22.020 align:start position:0% like except Bitcoin right in the in the 00:00:22.020 --> 00:00:23.870 align:start position:0% like except Bitcoin right in the in the crypto<00:00:22.260> World 00:00:23.870 --> 00:00:23.880 align:start position:0% crypto World 00:00:23.880 --> 00:00:26.090 align:start position:0% crypto World um but<00:00:24.539> it<00:00:24.720> will<00:00:24.900> happen<00:00:25.199> on<00:00:25.439> natural<00:00:25.560> causes 00:00:26.090 --> 00:00:26.100 align:start position:0% um but it will happen on natural causes 00:00:26.100 --> 00:00:28.609 align:start position:0% um but it will happen on natural causes eventually<00:00:26.460> like<00:00:27.119> the<00:00:27.300> creek<00:00:27.599> is<00:00:27.900> is<00:00:28.439> very 00:00:28.609 --> 00:00:28.619 align:start position:0% eventually like the creek is is very 00:00:28.619 --> 00:00:31.669 align:start position:0% eventually like the creek is is very important<00:00:29.039> but<00:00:29.279> it<00:00:29.460> can't<00:00:29.640> compete<00:00:30.060> with<00:00:30.119> that 00:00:31.669 --> 00:00:31.679 align:start position:0% important but it can't compete with that 00:00:31.679 --> 00:00:33.830 align:start position:0% important but it can't compete with that um<00:00:32.160> that's<00:00:32.759> one<00:00:32.940> thing 00:00:33.830 --> 00:00:33.840 align:start position:0% um that's one thing 00:00:33.840 --> 00:00:35.930 align:start position:0% um that's one thing the<00:00:34.320> other<00:00:34.440> to<00:00:34.680> answer<00:00:34.800> the<00:00:35.040> question 00:00:35.930 --> 00:00:35.940 align:start position:0% the other to answer the question 00:00:35.940 --> 00:00:39.110 align:start position:0% the other to answer the question um<00:00:36.480> I<00:00:37.079> was<00:00:37.200> like<00:00:37.620> very<00:00:37.920> much<00:00:38.219> terrified<00:00:38.700> this 00:00:39.110 --> 00:00:39.120 align:start position:0% um I was like very much terrified this 00:00:39.120 --> 00:00:41.410 align:start position:0% um I was like very much terrified this last<00:00:39.360> like<00:00:39.899> half<00:00:40.079> half<00:00:40.379> a<00:00:40.680> year 00:00:41.410 --> 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actually<00:00:51.600> I'm<00:00:52.140> sorry<00:00:52.379> my 00:00:52.670 --> 00:00:52.680 align:start position:0% um how people actually I'm sorry my 00:00:52.680 --> 00:00:53.330 align:start position:0% um how people actually I'm sorry my time's<00:00:53.039> up 00:00:53.330 --> 00:00:53.340 align:start position:0% time's up 00:00:53.340 --> 00:00:55.250 align:start position:0% time's up [Music] 00:00:55.250 --> 00:00:55.260 align:start position:0% [Music] 00:00:55.260 --> 00:00:58.369 align:start position:0% [Music] to<00:00:55.680> interrupt<00:00:56.460> there<00:00:56.579> you<00:00:56.940> just<00:00:57.059> have 00:00:58.369 --> 00:00:58.379 align:start position:0% to interrupt there you just have 00:00:58.379 --> 00:01:00.529 align:start position:0% to interrupt there you just have hello<00:00:58.800> hello<00:00:58.860> we<00:00:59.640> just<00:00:59.820> have<00:01:00.000> five<00:01:00.360> minutes 00:01:00.529 --> 00:01:00.539 align:start position:0% hello hello we just have five minutes 00:01:00.539 --> 00:01:02.750 align:start position:0% hello hello we just have five minutes more<00:01:00.899> that's<00:01:01.199> the<00:01:01.440> way<00:01:01.559> to<00:01:01.739> okay<00:01:02.039> like<00:01:02.340> if<00:01:02.579> we 00:01:02.750 --> 00:01:02.760 align:start position:0% more that's the way to okay like if we 00:01:02.760 --> 00:01:04.729 align:start position:0% more that's the way to okay like if we have<00:01:03.059> if<00:01:03.300> we<00:01:03.480> want<00:01:03.600> questions<00:01:04.199> from<00:01:04.559> the 00:01:04.729 --> 00:01:04.739 align:start position:0% have if we want questions from the 00:01:04.739 --> 00:01:06.649 align:start position:0% have if we want questions from the audience<00:01:05.220> yeah<00:01:05.820> it<00:01:06.000> would<00:01:06.119> be<00:01:06.240> great<00:01:06.360> to<00:01:06.479> take 00:01:06.649 --> 00:01:06.659 align:start position:0% audience yeah it would be great to take 00:01:06.659 --> 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Express<00:01:13.619> the<00:01:13.920> minority<00:01:14.400> voice<00:01:14.760> over 00:01:14.990 --> 00:01:15.000 align:start position:0% just Express the minority voice over 00:01:15.000 --> 00:01:17.630 align:start position:0% just Express the minority voice over here<00:01:15.180> obviously<00:01:16.140> lsds<00:01:16.740> has<00:01:16.860> been<00:01:17.040> great<00:01:17.280> and 00:01:17.630 --> 00:01:17.640 align:start position:0% here obviously lsds has been great and 00:01:17.640 --> 00:01:19.910 align:start position:0% here obviously lsds has been great and people<00:01:17.820> thought<00:01:18.060> in<00:01:18.420> the<00:01:18.479> in<00:01:18.659> defy 00:01:19.910 --> 00:01:19.920 align:start position:0% people thought in the in defy 00:01:19.920 --> 00:01:20.810 align:start position:0% people thought in the in defy um 00:01:20.810 --> 00:01:20.820 align:start position:0% um 00:01:20.820 --> 00:01:23.210 align:start position:0% um especially<00:01:21.479> before<00:01:22.040> withdrawals<00:01:23.040> are 00:01:23.210 --> 00:01:23.220 align:start position:0% especially before withdrawals are 00:01:23.220 --> 00:01:26.090 align:start position:0% especially before withdrawals are available<00:01:23.960> and<00:01:24.960> but<00:01:25.320> there's<00:01:25.500> also<00:01:25.799> a<00:01:25.920> lot<00:01:26.040> of 00:01:26.090 --> 00:01:26.100 align:start position:0% available and but there's also a lot of 00:01:26.100 --> 00:01:28.310 align:start position:0% available and but there's also a lot of races<00:01:26.580> right<00:01:27.060> there's<00:01:27.360> the<00:01:27.659> the<00:01:27.840> liquidity 00:01:28.310 --> 00:01:28.320 align:start position:0% races right there's the the liquidity 00:01:28.320 --> 00:01:30.170 align:start position:0% races right there's the the liquidity the<00:01:28.439> smart<00:01:28.740> contracts<00:01:29.340> they're<00:01:29.580> depending 00:01:30.170 --> 00:01:30.180 align:start position:0% the smart contracts they're depending 00:01:30.180 --> 00:01:32.510 align:start position:0% the smart contracts they're depending and<00:01:30.720> all<00:01:31.080> of<00:01:31.200> that<00:01:31.380> and 00:01:32.510 --> 00:01:32.520 align:start position:0% and all of that and 00:01:32.520 --> 00:01:34.850 align:start position:0% and all of that and it<00:01:32.820> does<00:01:33.000> come<00:01:33.240> down<00:01:33.479> basically<00:01:34.140> to<00:01:34.380> your<00:01:34.560> to 00:01:34.850 --> 00:01:34.860 align:start position:0% it does come down basically to your to 00:01:34.860 --> 00:01:37.609 align:start position:0% it does come down basically to your to your<00:01:35.040> risk<00:01:35.340> tolerance<00:01:35.759> right<00:01:36.479> eat<00:01:37.200> its<00:01:37.500> king 00:01:37.609 --> 00:01:37.619 align:start position:0% your risk tolerance right eat its king 00:01:37.619 --> 00:01:39.410 align:start position:0% your risk tolerance right eat its king in<00:01:37.860> India<00:01:38.159> in<00:01:38.400> this<00:01:38.520> case 00:01:39.410 --> 00:01:39.420 align:start position:0% in India in this case 00:01:39.420 --> 00:01:41.210 align:start position:0% in India in this case when<00:01:39.900> I<00:01:40.079> give<00:01:40.200> my<00:01:40.380> ether<00:01:40.619> to<00:01:40.799> another<00:01:40.920> protocol 00:01:41.210 --> 00:01:41.220 align:start position:0% when I give my ether to another protocol 00:01:41.220 --> 00:01:43.190 align:start position:0% when I give my ether to another protocol I<00:01:41.460> give<00:01:41.640> him<00:01:41.820> my<00:01:42.000> major<00:01:42.420> and<00:01:42.900> all<00:01:43.020> the 00:01:43.190 --> 00:01:43.200 align:start position:0% I give him my major and all the 00:01:43.200 --> 00:01:44.749 align:start position:0% I give him my major and all the associate<00:01:43.560> riches<00:01:43.860> that<00:01:43.979> come<00:01:44.100> with<00:01:44.220> it<00:01:44.340> and<00:01:44.520> I 00:01:44.749 --> 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okay<00:01:53.520> all<00:01:54.180> right<00:01:54.299> well<00:01:54.479> thanks<00:01:54.659> so<00:01:54.840> much<00:01:54.960> guys 00:01:55.130 --> 00:01:55.140 align:start position:0% okay all right well thanks so much guys 00:01:55.140 --> 00:01:56.569 align:start position:0% okay all right well thanks so much guys uh<00:01:55.500> we're<00:01:55.619> gonna<00:01:55.740> move<00:01:55.860> on<00:01:55.979> to<00:01:56.100> the<00:01:56.220> audience<00:01:56.399> q 00:01:56.569 --> 00:01:56.579 align:start position:0% uh we're gonna move on to the audience q 00:01:56.579 --> 00:01:58.730 align:start position:0% uh we're gonna move on to the audience q a<00:01:56.700> session<00:01:57.060> uh<00:01:57.420> because<00:01:57.600> we<00:01:57.899> have<00:01:58.020> just<00:01:58.259> a<00:01:58.500> very 00:01:58.730 --> 00:01:58.740 align:start position:0% a session uh because we have just a very 00:01:58.740 --> 00:02:00.410 align:start position:0% a session uh because we have just a very small<00:01:58.920> amount<00:01:59.220> of<00:01:59.280> time<00:01:59.399> left<00:01:59.579> so<00:01:59.820> I<00:02:00.060> saw<00:02:00.240> you 00:02:00.410 --> 00:02:00.420 align:start position:0% small amount of time left so I saw you 00:02:00.420 --> 00:02:01.730 align:start position:0% small amount of time left so I saw you shoot<00:02:00.600> up<00:02:00.780> your<00:02:00.899> hand<00:02:00.960> right<00:02:01.140> real<00:02:01.439> quickly 00:02:01.730 --> 00:02:01.740 align:start position:0% shoot up your hand right real quickly 00:02:01.740 --> 00:02:04.190 align:start position:0% shoot up your hand right real quickly right<00:02:01.920> at<00:02:02.040> the<00:02:02.100> beginning<00:02:02.220> so 00:02:04.190 --> 00:02:04.200 align:start position:0% right at the beginning so 00:02:04.200 --> 00:02:06.469 align:start position:0% right at the beginning so Hi<00:02:04.740> how<00:02:04.979> are<00:02:05.159> you<00:02:05.219> congrats<00:02:05.759> and<00:02:05.880> thank<00:02:06.060> you<00:02:06.180> my 00:02:06.469 --> 00:02:06.479 align:start position:0% Hi how are you congrats and thank you my 00:02:06.479 --> 00:02:08.870 align:start position:0% Hi how are you congrats and thank you my name<00:02:06.600> is<00:02:06.659> Pablo<00:02:07.140> I'm<00:02:07.740> the<00:02:07.860> founder<00:02:08.280> of<00:02:08.399> send 00:02:08.870 --> 00:02:08.880 align:start position:0% name is Pablo I'm the founder of send 00:02:08.880 --> 00:02:10.850 align:start position:0% name is Pablo I'm the founder of send signal<00:02:09.360> the<00:02:09.599> first<00:02:09.720> node<00:02:10.020> operator<00:02:10.319> in<00:02:10.560> Latin 00:02:10.850 --> 00:02:10.860 align:start position:0% signal the first node operator in Latin 00:02:10.860 --> 00:02:12.650 align:start position:0% signal the first node operator in Latin America<00:02:10.979> we<00:02:11.640> are<00:02:11.819> talking<00:02:11.940> with<00:02:12.180> all<00:02:12.360> of<00:02:12.540> you 00:02:12.650 --> 00:02:12.660 align:start position:0% America we are talking with all of you 00:02:12.660 --> 00:02:14.449 align:start position:0% America we are talking with all of you and<00:02:13.260> I<00:02:13.379> think<00:02:13.500> something<00:02:13.860> really<00:02:14.160> important 00:02:14.449 --> 00:02:14.459 align:start position:0% and I think something really important 00:02:14.459 --> 00:02:16.010 align:start position:0% and I think something really important is<00:02:14.640> not<00:02:14.879> only<00:02:15.120> geographically 00:02:16.010 --> 00:02:16.020 align:start position:0% is not only geographically 00:02:16.020 --> 00:02:18.229 align:start position:0% is not only geographically centralization<00:02:16.680> but<00:02:16.980> also<00:02:17.280> less<00:02:17.700> dependence 00:02:18.229 --> 00:02:18.239 align:start position:0% centralization but also less dependence 00:02:18.239 --> 00:02:20.750 align:start position:0% centralization but also less dependence on<00:02:18.420> Amazon<00:02:18.599> as<00:02:19.560> most<00:02:19.800> of<00:02:19.980> the<00:02:20.099> operators<00:02:20.580> work 00:02:20.750 --> 00:02:20.760 align:start position:0% on Amazon as most of the operators work 00:02:20.760 --> 00:02:22.910 align:start position:0% on Amazon as most of the operators work with<00:02:20.940> Amazon<00:02:21.060> we<00:02:21.480> try<00:02:21.660> to<00:02:21.780> work<00:02:22.020> with<00:02:22.739> local 00:02:22.910 --> 00:02:22.920 align:start position:0% with Amazon we try to work with local 00:02:22.920 --> 00:02:26.330 align:start position:0% with Amazon we try to work with local and<00:02:23.280> Regional<00:02:24.060> uh<00:02:24.720> data<00:02:25.200> centers<00:02:25.500> my<00:02:26.160> question 00:02:26.330 --> 00:02:26.340 align:start position:0% and Regional uh data centers my question 00:02:26.340 --> 00:02:32.089 align:start position:0% and Regional uh data centers my question is<00:02:26.640> how<00:02:27.360> do<00:02:27.480> you<00:02:27.599> distribute<00:02:28.140> a<00:02:28.760> Mev<00:02:29.780> uh<00:02:30.780> yeah 00:02:32.089 --> 00:02:32.099 align:start position:0% is how do you distribute a Mev uh yeah 00:02:32.099 --> 00:02:35.270 align:start position:0% is how do you distribute a Mev uh yeah thanks 00:02:35.270 --> 00:02:35.280 align:start position:0% 00:02:35.280 --> 00:02:36.290 align:start position:0% sure 00:02:36.290 --> 00:02:36.300 align:start position:0% sure 00:02:36.300 --> 00:02:38.330 align:start position:0% sure yeah<00:02:36.959> I<00:02:37.140> I<00:02:37.260> can<00:02:37.560> answer<00:02:37.680> that<00:02:37.980> it's<00:02:38.160> very 00:02:38.330 --> 00:02:38.340 align:start position:0% yeah I I can answer that it's very 00:02:38.340 --> 00:02:39.710 align:start position:0% yeah I I can answer that it's very simple<00:02:38.520> the<00:02:38.819> same<00:02:38.940> way<00:02:39.060> we<00:02:39.360> lose<00:02:39.480> taking 00:02:39.710 --> 00:02:39.720 align:start position:0% simple the same way we lose taking 00:02:39.720 --> 00:02:42.830 align:start position:0% simple the same way we lose taking rewards<00:02:40.280> uh<00:02:41.280> like<00:02:41.580> rewards<00:02:42.360> are<00:02:42.480> the<00:02:42.660> same<00:02:42.720> as 00:02:42.830 --> 00:02:42.840 align:start position:0% rewards uh like rewards are the same as 00:02:42.840 --> 00:02:45.530 align:start position:0% rewards uh like rewards are the same as taken<00:02:43.200> they<00:02:43.560> go<00:02:43.860> to<00:02:43.980> stakers<00:02:44.400> mostly<00:02:44.819> the<00:02:45.300> not 00:02:45.530 --> 00:02:45.540 align:start position:0% taken they go to stakers mostly the not 00:02:45.540 --> 00:02:47.630 align:start position:0% taken they go to stakers mostly the not operators<00:02:46.019> get<00:02:46.140> the<00:02:46.319> fee<00:02:46.560> and<00:02:46.680> later<00:02:46.860> gets<00:02:47.340> its 00:02:47.630 --> 00:02:47.640 align:start position:0% operators get the fee and later gets its 00:02:47.640 --> 00:02:51.710 align:start position:0% operators get the fee and later gets its fee<00:02:47.879> but<00:02:48.000> 98<00:02:48.599> of<00:02:49.019> rewards<00:02:49.379> go<00:02:49.500> to<00:02:49.680> stickers 00:02:51.710 --> 00:02:51.720 align:start position:0% fee but 98 of rewards go to stickers 00:02:51.720 --> 00:02:53.690 align:start position:0% fee but 98 of rewards go to stickers uh<00:02:52.319> with<00:02:52.500> rocketpool 00:02:53.690 --> 00:02:53.700 align:start position:0% uh with rocketpool 00:02:53.700 --> 00:02:56.890 align:start position:0% uh with rocketpool um<00:02:53.959> you<00:02:54.959> uh<00:02:55.260> so<00:02:55.500> obviously<00:02:55.920> it<00:02:56.160> says<00:02:56.400> I<00:02:56.640> said 00:02:56.890 --> 00:02:56.900 align:start position:0% um you uh so obviously it says I said 00:02:56.900 --> 00:03:00.229 align:start position:0% um you uh so obviously it says I said 16th<00:02:57.900> is<00:02:58.260> node<00:02:58.500> operators<00:02:58.920> 16<00:02:59.400> is<00:02:59.940> liquid 00:03:00.229 --> 00:03:00.239 align:start position:0% 16th is node operators 16 is liquid 00:03:00.239 --> 00:03:03.410 align:start position:0% 16th is node operators 16 is liquid stickers<00:03:00.660> and<00:03:01.379> so<00:03:01.680> uh<00:03:02.220> in<00:03:02.459> terms<00:03:02.580> of<00:03:02.700> Mev<00:03:03.180> and 00:03:03.410 --> 00:03:03.420 align:start position:0% stickers and so uh in terms of Mev and 00:03:03.420 --> 00:03:06.290 align:start position:0% stickers and so uh in terms of Mev and priority<00:03:03.780> fees<00:03:04.200> uh<00:03:05.099> you<00:03:05.580> it's<00:03:05.940> a<00:03:06.060> kind<00:03:06.239> of 00:03:06.290 --> 00:03:06.300 align:start position:0% priority fees uh you it's a kind of 00:03:06.300 --> 00:03:07.610 align:start position:0% priority fees uh you it's a kind of equal<00:03:06.480> split 00:03:07.610 --> 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the rewards so<00:03:15.659> they<00:03:15.900> get<00:03:16.080> 15<00:03:16.340> of<00:03:17.340> the<00:03:17.640> of<00:03:17.879> the<00:03:18.300> of<00:03:18.480> the 00:03:18.770 --> 00:03:18.780 align:start position:0% so they get 15 of the of the of the 00:03:18.780 --> 00:03:21.410 align:start position:0% so they get 15 of the of the of the commission<00:03:19.560> on<00:03:19.860> the<00:03:19.980> on<00:03:20.159> the<00:03:20.280> rewards<00:03:20.700> so<00:03:21.239> they 00:03:21.410 --> 00:03:21.420 align:start position:0% commission on the on the rewards so they 00:03:21.420 --> 00:03:23.390 align:start position:0% commission on the on the rewards so they still<00:03:21.540> get<00:03:21.720> that<00:03:21.900> kind<00:03:22.080> of<00:03:22.200> extra<00:03:22.440> bit<00:03:22.920> from 00:03:23.390 --> 00:03:23.400 align:start position:0% still get that kind of extra bit from 00:03:23.400 --> 00:03:26.570 align:start position:0% still get that kind of extra bit from the<00:03:23.640> from<00:03:24.180> the<00:03:24.420> Mev<00:03:25.319> and 00:03:26.570 --> 00:03:26.580 align:start position:0% the from the Mev and 00:03:26.580 --> 00:03:29.809 align:start position:0% the from the Mev and um Mev<00:03:27.540> and<00:03:27.659> priority<00:03:28.019> fees<00:03:28.440> uh<00:03:29.400> that's<00:03:29.640> the 00:03:29.809 --> 00:03:29.819 align:start position:0% um Mev and priority fees uh that's the 00:03:29.819 --> 00:03:31.490 align:start position:0% um Mev and priority fees uh that's the usual<00:03:30.120> case<00:03:30.300> we've<00:03:30.720> also<00:03:30.900> got<00:03:31.080> like<00:03:31.260> a 00:03:31.490 --> 00:03:31.500 align:start position:0% usual case we've also got like a 00:03:31.500 --> 00:03:32.809 align:start position:0% usual case we've also got like a smoothing<00:03:31.860> pool 00:03:32.809 --> 00:03:32.819 align:start position:0% smoothing pool 00:03:32.819 --> 00:03:35.930 align:start position:0% smoothing pool um<00:03:32.940> where<00:03:33.720> uh<00:03:34.620> this<00:03:35.280> is<00:03:35.400> particularly 00:03:35.930 --> 00:03:35.940 align:start position:0% um where uh this is particularly 00:03:35.940 --> 00:03:37.970 align:start position:0% um where uh this is particularly important<00:03:36.239> for<00:03:36.420> small<00:03:36.599> node<00:03:36.900> operators<00:03:37.379> that 00:03:37.970 --> 00:03:37.980 align:start position:0% important for small node operators that 00:03:37.980 --> 00:03:39.110 align:start position:0% important for small node operators that are<00:03:38.099> running<00:03:38.220> kind<00:03:38.519> of<00:03:38.580> a<00:03:38.819> couple<00:03:38.940> of 00:03:39.110 --> 00:03:39.120 align:start position:0% are running kind of a couple of 00:03:39.120 --> 00:03:40.789 align:start position:0% are running kind of a couple of validators 00:03:40.789 --> 00:03:40.799 align:start position:0% validators 00:03:40.799 --> 00:03:43.009 align:start position:0% validators the<00:03:41.340> way<00:03:41.459> that<00:03:41.640> block<00:03:41.879> proposals<00:03:42.540> work<00:03:42.659> is 00:03:43.009 --> 00:03:43.019 align:start position:0% the way that block proposals work is 00:03:43.019 --> 00:03:45.649 align:start position:0% the way that block proposals work is very<00:03:43.200> variable<00:03:43.620> so<00:03:44.159> you<00:03:44.400> can<00:03:44.459> have<00:03:44.700> like<00:03:45.060> two<00:03:45.420> a 00:03:45.649 --> 00:03:45.659 align:start position:0% very variable so you can have like two a 00:03:45.659 --> 00:03:47.330 align:start position:0% very variable so you can have like two a year<00:03:45.780> or<00:03:46.019> 10<00:03:46.260> a<00:03:46.500> year 00:03:47.330 --> 00:03:47.340 align:start position:0% year or 10 a year 00:03:47.340 --> 00:03:49.250 align:start position:0% year or 10 a year um<00:03:47.400> and<00:03:47.819> that<00:03:47.940> hits<00:03:48.120> small<00:03:48.540> node<00:03:48.840> operators 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the smoothing<00:04:02.040> pool<00:04:02.280> and<00:04:02.819> then<00:04:02.940> basically 00:04:03.470 --> 00:04:03.480 align:start position:0% smoothing pool and then basically 00:04:03.480 --> 00:04:05.149 align:start position:0% smoothing pool and then basically everyone<00:04:04.019> gets<00:04:04.440> a<00:04:04.500> share<00:04:04.680> of<00:04:04.799> the<00:04:04.920> smoothing 00:04:05.149 --> 00:04:05.159 align:start position:0% everyone gets a share of the smoothing 00:04:05.159 --> 00:04:06.170 align:start position:0% everyone gets a share of the smoothing Port 00:04:06.170 --> 00:04:06.180 align:start position:0% Port 00:04:06.180 --> 00:04:08.630 align:start position:0% Port um so<00:04:06.420> yeah<00:04:07.140> that's<00:04:07.500> what<00:04:07.799> we<00:04:07.980> do 00:04:08.630 --> 00:04:08.640 align:start position:0% um so yeah that's what we do 00:04:08.640 --> 00:04:11.270 align:start position:0% um so yeah that's what we do we<00:04:09.120> have<00:04:09.239> time<00:04:09.420> for<00:04:09.659> one<00:04:09.840> last<00:04:10.080> question<00:04:10.319> 12<00:04:10.980> or 00:04:11.270 --> 00:04:11.280 align:start position:0% we have time for one last question 12 or 00:04:11.280 --> 00:04:13.910 align:start position:0% we have time for one last question 12 or two<00:04:11.459> one<00:04:11.819> here 00:04:13.910 --> 00:04:13.920 align:start position:0% two one here 00:04:13.920 --> 00:04:17.090 align:start position:0% two one here I<00:04:14.580> have<00:04:14.879> a<00:04:15.000> question<00:04:15.120> about<00:04:15.480> operator<00:04:16.139> set<00:04:16.440> so 00:04:17.090 --> 00:04:17.100 align:start position:0% I have a question about operator set so 00:04:17.100 --> 00:04:19.370 align:start position:0% I have a question about operator set so in<00:04:17.519> the<00:04:17.639> two<00:04:17.760> cases<00:04:18.000> here<00:04:18.299> like<00:04:18.660> light<00:04:19.139> out 00:04:19.370 --> 00:04:19.380 align:start position:0% in the two cases here like light out 00:04:19.380 --> 00:04:20.990 align:start position:0% in the two cases here like light out stake<00:04:19.680> wise<00:04:19.919> more<00:04:20.220> professional<00:04:20.579> operators 00:04:20.990 --> 00:04:21.000 align:start position:0% stake wise more professional operators 00:04:21.000 --> 00:04:22.270 align:start position:0% stake wise more professional operators are<00:04:21.180> involved 00:04:22.270 --> 00:04:22.280 align:start position:0% are involved 00:04:22.280 --> 00:04:24.830 align:start position:0% are involved rocket<00:04:23.280> pool<00:04:23.460> kind<00:04:23.759> of<00:04:23.820> a<00:04:23.940> blend<00:04:24.180> honestly<00:04:24.660> of 00:04:24.830 --> 00:04:24.840 align:start position:0% rocket pool kind of a blend honestly of 00:04:24.840 --> 00:04:25.850 align:start position:0% rocket pool kind of a blend honestly of both 00:04:25.850 --> 00:04:25.860 align:start position:0% both 00:04:25.860 --> 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and<00:04:32.280> at-home 00:04:32.629 --> 00:04:32.639 align:start position:0% professional validators and at-home 00:04:32.639 --> 00:04:35.030 align:start position:0% professional validators and at-home validators<00:04:33.120> working<00:04:33.360> together<00:04:33.680> to<00:04:34.680> achieve<00:04:34.979> a 00:04:35.030 --> 00:04:35.040 align:start position:0% validators working together to achieve a 00:04:35.040 --> 00:04:36.770 align:start position:0% validators working together to achieve a common<00:04:35.160> goal 00:04:36.770 --> 00:04:36.780 align:start position:0% common goal 00:04:36.780 --> 00:04:40.189 align:start position:0% common goal uh<00:04:37.380> yeah<00:04:37.740> yeah<00:04:37.800> sure<00:04:38.220> so<00:04:38.940> that's<00:04:39.540> what<00:04:40.080> we're 00:04:40.189 --> 00:04:40.199 align:start position:0% uh yeah yeah sure so that's what we're 00:04:40.199 --> 00:04:43.550 align:start position:0% uh yeah yeah sure so that's what we're trying<00:04:40.380> to<00:04:40.560> design<00:04:40.740> right<00:04:41.100> now<00:04:41.479> uh<00:04:42.479> in<00:04:42.840> in<00:04:43.259> that 00:04:43.550 --> 00:04:43.560 align:start position:0% trying to design right now uh in in that 00:04:43.560 --> 00:04:46.790 align:start position:0% trying to design right now uh in in that we<00:04:44.400> think<00:04:44.699> that<00:04:45.180> most<00:04:45.540> of<00:04:45.720> the<00:04:45.840> state<00:04:46.080> should 00:04:46.790 --> 00:04:46.800 align:start position:0% we think that most of the state should 00:04:46.800 --> 00:04:48.530 align:start position:0% we think that most of the state should be<00:04:46.919> managed<00:04:47.280> by<00:04:47.520> professional<00:04:48.060> operators 00:04:48.530 --> 00:04:48.540 align:start position:0% be managed by professional operators 00:04:48.540 --> 00:04:49.689 align:start position:0% be managed by professional operators still 00:04:49.689 --> 00:04:49.699 align:start position:0% still 00:04:49.699 --> 00:04:53.150 align:start position:0% still but<00:04:50.699> we<00:04:50.940> want<00:04:51.180> we<00:04:51.840> don't<00:04:52.020> like<00:04:52.500> what<00:04:52.860> we<00:04:52.979> want 00:04:53.150 --> 00:04:53.160 align:start position:0% but we want we don't like what we want 00:04:53.160 --> 00:04:55.490 align:start position:0% but we want we don't like what we want is<00:04:53.400> to<00:04:53.639> light<00:04:53.880> up<00:04:54.120> for<00:04:54.240> be<00:04:54.419> it<00:04:54.600> pipeline<00:04:55.139> from 00:04:55.490 --> 00:04:55.500 align:start position:0% is to light up for be it pipeline from 00:04:55.500 --> 00:04:57.230 align:start position:0% is to light up for be it pipeline from like<00:04:55.979> a<00:04:56.100> homesteaker<00:04:56.699> to<00:04:56.880> professional 00:04:57.230 --> 00:04:57.240 align:start position:0% like a homesteaker to professional 00:04:57.240 --> 00:05:00.310 align:start position:0% like a homesteaker to professional operator<00:04:57.540> so<00:04:58.500> you<00:04:58.740> can<00:04:58.860> kind<00:04:59.160> of<00:04:59.340> operate 00:05:00.310 --> 00:05:00.320 align:start position:0% operator so you can kind of operate 00:05:00.320 --> 00:05:04.010 align:start position:0% operator so you can kind of operate as<00:05:01.320> a<00:05:01.560> like<00:05:02.100> as<00:05:02.280> a<00:05:02.520> solo<00:05:02.940> operator<00:05:03.300> and<00:05:03.540> Lido 00:05:04.010 --> 00:05:04.020 align:start position:0% as a like as a solo operator and Lido 00:05:04.020 --> 00:05:06.409 align:start position:0% as a like as a solo operator and Lido with<00:05:04.199> small<00:05:04.440> amount<00:05:04.740> of<00:05:04.860> stake<00:05:05.220> and<00:05:05.940> if<00:05:06.120> you<00:05:06.240> do 00:05:06.409 --> 00:05:06.419 align:start position:0% with small amount of stake and if you do 00:05:06.419 --> 00:05:08.930 align:start position:0% with small amount of stake and if you do it<00:05:06.540> well<00:05:06.720> and<00:05:07.080> if<00:05:07.320> you<00:05:07.440> want<00:05:07.620> to<00:05:07.740> do<00:05:07.860> it<00:05:08.040> like<00:05:08.460> as 00:05:08.930 --> 00:05:08.940 align:start position:0% it well and if you want to do it like as 00:05:08.940 --> 00:05:11.210 align:start position:0% it well and if you want to do it like as not<00:05:09.419> as<00:05:09.600> a<00:05:09.720> hobby<00:05:09.840> because<00:05:10.620> like<00:05:10.860> honestly 00:05:11.210 --> 00:05:11.220 align:start position:0% not as a hobby because like honestly 00:05:11.220 --> 00:05:12.890 align:start position:0% not as a hobby because like honestly most<00:05:11.460> celebrators<00:05:12.060> are<00:05:12.180> not<00:05:12.300> rational<00:05:12.479> like 00:05:12.890 --> 00:05:12.900 align:start position:0% most celebrators are not rational like 00:05:12.900 --> 00:05:14.570 align:start position:0% most celebrators are not rational like they're<00:05:13.080> not<00:05:13.500> making<00:05:13.680> a<00:05:13.919> business<00:05:14.040> out<00:05:14.280> of<00:05:14.400> it 00:05:14.570 --> 00:05:14.580 align:start position:0% they're not making a business out of it 00:05:14.580 --> 00:05:17.629 align:start position:0% they're not making a business out of it they<00:05:14.759> just<00:05:15.720> do<00:05:15.900> it<00:05:16.020> for<00:05:16.139> fun<00:05:16.680> uh<00:05:17.280> which<00:05:17.520> is 00:05:17.629 --> 00:05:17.639 align:start position:0% they just do it for fun uh which is 00:05:17.639 --> 00:05:20.270 align:start position:0% they just do it for fun uh which is great<00:05:17.759> right<00:05:18.060> but<00:05:19.020> if<00:05:19.259> they<00:05:19.560> want<00:05:19.860> to<00:05:19.979> do<00:05:20.100> it 00:05:20.270 --> 00:05:20.280 align:start position:0% great right but if they want to do it 00:05:20.280 --> 00:05:22.490 align:start position:0% great right but if they want to do it for<00:05:20.460> like<00:05:20.639> for<00:05:20.880> for<00:05:21.120> their<00:05:21.360> job<00:05:21.600> they<00:05:22.259> should 00:05:22.490 --> 00:05:22.500 align:start position:0% for like for for their job they should 00:05:22.500 --> 00:05:24.350 align:start position:0% for like for for their job they should have<00:05:22.680> the<00:05:22.860> ability<00:05:23.160> to<00:05:23.639> like<00:05:24.000> earn<00:05:24.300> their 00:05:24.350 --> 00:05:24.360 align:start position:0% have the ability to like earn their 00:05:24.360 --> 00:05:28.370 align:start position:0% have the ability to like earn their reputation<00:05:24.780> earn<00:05:25.620> the<00:05:26.060> like<00:05:27.060> the 00:05:28.370 --> 00:05:28.380 align:start position:0% reputation earn the like the 00:05:28.380 --> 00:05:32.029 align:start position:0% reputation earn the like the um<00:05:28.759> their<00:05:29.759> metrics<00:05:30.660> required<00:05:31.259> to<00:05:31.440> get<00:05:31.620> on<00:05:31.860> the 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position:0% little bit of categorization like three 00:05:37.740 --> 00:05:41.090 align:start position:0% little bit of categorization like three year<00:05:37.919> stops 00:05:41.090 --> 00:05:41.100 align:start position:0% 00:05:41.100 --> 00:05:42.890 align:start position:0% um<00:05:41.220> and<00:05:41.460> yeah<00:05:41.520> I<00:05:41.699> completely<00:05:41.940> so<00:05:42.180> the<00:05:42.419> way<00:05:42.539> B3 00:05:42.890 --> 00:05:42.900 align:start position:0% um and yeah I completely so the way B3 00:05:42.900 --> 00:05:44.990 align:start position:0% um and yeah I completely so the way B3 is<00:05:43.139> designed<00:05:43.500> I<00:05:43.800> pointed<00:05:44.580> out<00:05:44.759> Thursday 00:05:44.990 --> 00:05:45.000 align:start position:0% is designed I pointed out Thursday 00:05:45.000 --> 00:05:46.670 align:start position:0% is designed I pointed out Thursday because<00:05:45.360> as<00:05:45.539> a<00:05:45.660> key<00:05:45.720> target<00:05:45.840> market<00:05:46.199> but 00:05:46.670 --> 00:05:46.680 align:start position:0% because as a key target market but 00:05:46.680 --> 00:05:49.129 align:start position:0% because as a key target market but essentially<00:05:47.039> this<00:05:47.759> this<00:05:48.060> protocol<00:05:48.419> will<00:05:48.840> will 00:05:49.129 --> 00:05:49.139 align:start position:0% essentially this this protocol will will 00:05:49.139 --> 00:05:51.650 align:start position:0% essentially this this protocol will will satisfy<00:05:49.740> every<00:05:50.580> single<00:05:50.880> anybody<00:05:51.180> who<00:05:51.419> can<00:05:51.539> run 00:05:51.650 --> 00:05:51.660 align:start position:0% satisfy every single anybody who can run 00:05:51.660 --> 00:05:55.129 align:start position:0% satisfy every single anybody who can run a<00:05:51.780> node<00:05:51.960> can<00:05:52.199> run<00:05:52.380> a<00:05:52.560> node<00:05:52.740> on<00:05:52.979> on<00:05:53.340> B3<00:05:53.820> and<00:05:54.660> one 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coming over 00:06:00.780 --> 00:06:02.689 align:start position:0% things for for these guys is coming over to<00:06:01.020> stake<00:06:01.440> away<00:06:01.620> three<00:06:01.800> so<00:06:02.220> they<00:06:02.400> can<00:06:02.520> provide 00:06:02.689 --> 00:06:02.699 align:start position:0% to stake away three so they can provide 00:06:02.699 --> 00:06:06.170 align:start position:0% to stake away three so they can provide liquid<00:06:03.120> staking<00:06:03.479> with<00:06:04.199> fun<00:06:04.500> to<00:06:04.740> their<00:06:04.860> clients 00:06:06.170 --> 00:06:06.180 align:start position:0% liquid staking with fun to their clients 00:06:06.180 --> 00:06:08.990 align:start position:0% liquid staking with fun to their clients um and<00:06:06.660> so<00:06:06.900> mv3<00:06:07.740> every<00:06:08.280> single<00:06:08.520> node<00:06:08.699> operator 00:06:08.990 --> 00:06:09.000 align:start position:0% um and so mv3 every single node operator 00:06:09.000 --> 00:06:10.310 align:start position:0% um and so mv3 every single node operator or<00:06:09.240> group<00:06:09.419> of<00:06:09.539> node<00:06:09.660> operators<00:06:10.020> will<00:06:10.199> have 00:06:10.310 --> 00:06:10.320 align:start position:0% or group of node operators will have 00:06:10.320 --> 00:06:12.170 align:start position:0% or group of node operators will have their<00:06:10.440> own<00:06:10.560> little<00:06:10.800> mini<00:06:10.979> staking<00:06:11.340> pool<00:06:11.520> and 00:06:12.170 --> 00:06:12.180 align:start position:0% their own little mini staking pool and 00:06:12.180 --> 00:06:13.850 align:start position:0% their own little mini staking pool and can<00:06:12.360> then<00:06:12.660> their<00:06:12.960> users<00:06:13.259> can<00:06:13.440> then<00:06:13.560> mint<00:06:13.680> to 00:06:13.850 --> 00:06:13.860 align:start position:0% can then their users can then mint to 00:06:13.860 --> 00:06:15.469 align:start position:0% can then their users can then mint to liquid<00:06:14.100> staking<00:06:14.340> token<00:06:14.639> so<00:06:14.759> it<00:06:14.880> offers<00:06:15.180> liquid 00:06:15.469 --> 00:06:15.479 align:start position:0% liquid staking token so it offers liquid 00:06:15.479 --> 00:06:17.270 align:start position:0% liquid staking token so it offers liquid sticking<00:06:15.780> to<00:06:15.900> everybody<00:06:16.259> no<00:06:16.620> matter<00:06:16.800> whether 00:06:17.270 --> 00:06:17.280 align:start position:0% sticking to everybody no matter whether 00:06:17.280 --> 00:06:18.529 align:start position:0% sticking to everybody no matter whether you're<00:06:17.340> solo<00:06:17.699> sticker<00:06:18.000> or<00:06:18.120> commercial<00:06:18.240> node 00:06:18.529 --> 00:06:18.539 align:start position:0% you're solo sticker or commercial node 00:06:18.539 --> 00:06:20.629 align:start position:0% you're solo sticker or commercial node operator<00:06:18.900> so<00:06:19.500> by<00:06:19.740> proxy<00:06:20.100> we're<00:06:20.280> going<00:06:20.400> to<00:06:20.520> end 00:06:20.629 --> 00:06:20.639 align:start position:0% operator so by proxy we're going to end 00:06:20.639 --> 00:06:21.529 align:start position:0% operator so by proxy we're going to end up<00:06:20.699> with<00:06:20.880> basically<00:06:21.120> like<00:06:21.240> an<00:06:21.419> Open 00:06:21.529 --> 00:06:21.539 align:start position:0% up with basically like an Open 00:06:21.539 --> 00:06:25.129 align:start position:0% up with basically like an Open Marketplace<00:06:22.080> of<00:06:22.979> operators<00:06:23.699> and<00:06:24.120> groups<00:06:25.080> of 00:06:25.129 --> 00:06:25.139 align:start position:0% Marketplace of operators and groups of 00:06:25.139 --> 00:06:26.390 align:start position:0% Marketplace of operators and groups of operators<00:06:25.560> who<00:06:25.800> are<00:06:25.860> running<00:06:25.979> various 00:06:26.390 --> 00:06:26.400 align:start position:0% operators who are running various 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stakers and also commercial<00:06:33.360> operators<00:06:34.020> as<00:06:34.199> well 00:06:35.629 --> 00:06:35.639 align:start position:0% commercial operators as well 00:06:35.639 --> 00:06:38.689 align:start position:0% commercial operators as well great<00:06:36.120> thanks 00:06:38.689 --> 00:06:38.699 align:start position:0% 00:06:38.699 --> 00:06:41.570 align:start position:0% hi<00:06:39.300> there's<00:06:40.080> only<00:06:40.259> one<00:06:40.560> of<00:06:40.860> you<00:06:41.100> there<00:06:41.400> to 00:06:41.570 --> 00:06:41.580 align:start position:0% hi there's only one of you there to 00:06:41.580 --> 00:06:43.189 align:start position:0% hi there's only one of you there to estimate<00:06:42.000> the<00:06:42.180> amount<00:06:42.479> of<00:06:42.660> I<00:06:42.900> mean<00:06:43.020> the 00:06:43.189 --> 00:06:43.199 align:start position:0% estimate the amount of I mean the 00:06:43.199 --> 00:06:44.990 align:start position:0% estimate the amount of I mean the percent<00:06:43.380> of<00:06:43.800> a<00:06:44.039> sort<00:06:44.280> of<00:06:44.400> Staker<00:06:44.699> that<00:06:44.880> the 00:06:44.990 --> 00:06:45.000 align:start position:0% percent of a sort of Staker that the 00:06:45.000 --> 00:06:46.309 align:start position:0% percent of a sort of Staker that the network<00:06:45.120> that<00:06:45.419> the<00:06:45.539> network<00:06:45.600> will<00:06:45.960> have<00:06:46.139> in 00:06:46.309 --> 00:06:46.319 align:start position:0% network that the network will have in 00:06:46.319 --> 00:06:48.230 align:start position:0% network that the network will have in like<00:06:46.500> five<00:06:46.740> years<00:06:46.979> I<00:06:47.280> mean<00:06:47.400> can<00:06:47.759> be<00:06:47.940> higher 00:06:48.230 --> 00:06:48.240 align:start position:0% like five years I mean can be higher 00:06:48.240 --> 00:06:50.270 align:start position:0% like five years I mean can be higher than<00:06:48.419> now<00:06:48.600> or<00:06:48.840> lower<00:06:49.020> than<00:06:49.259> now<00:06:49.500> great 00:06:50.270 --> 00:06:50.280 align:start position:0% than now or lower than now great 00:06:50.280 --> 00:06:51.350 align:start position:0% than now or lower than now great question 00:06:51.350 --> 00:06:51.360 align:start position:0% question 00:06:51.360 --> 00:06:53.930 align:start position:0% question because<00:06:51.660> I<00:06:51.840> mean<00:06:51.960> lsds<00:06:52.440> are<00:06:52.500> great<00:06:52.680> right<00:06:52.979> uh 00:06:53.930 --> 00:06:53.940 align:start position:0% because I mean lsds are great right uh 00:06:53.940 --> 00:06:56.870 align:start position:0% because I mean lsds are great right uh you<00:06:54.240> can<00:06:54.800> use<00:06:55.800> your<00:06:56.100> stake<00:06:56.400> position<00:06:56.580> as 00:06:56.870 --> 00:06:56.880 align:start position:0% you can use your stake position as 00:06:56.880 --> 00:06:59.029 align:start position:0% you can use your stake position as collateral<00:06:57.300> and<00:06:57.720> you<00:06:57.780> also<00:06:58.080> average<00:06:58.380> out<00:06:58.800> the 00:06:59.029 --> 00:06:59.039 align:start position:0% collateral and you also average out the 00:06:59.039 --> 00:07:00.950 align:start position:0% collateral and you also average out the rewards<00:06:59.340> right<00:06:59.520> so<00:06:59.880> why<00:07:00.180> it's<00:07:00.360> always<00:07:00.539> taken 00:07:00.950 --> 00:07:00.960 align:start position:0% rewards right so why it's always taken 00:07:00.960 --> 00:07:02.930 align:start position:0% rewards right so why it's always taken you<00:07:01.560> there<00:07:01.800> is<00:07:01.979> no<00:07:02.100> point<00:07:02.280> of<00:07:02.400> that<00:07:02.580> right<00:07:02.759> some 00:07:02.930 --> 00:07:02.940 align:start position:0% you there is no point of that right some 00:07:02.940 --> 00:07:05.210 align:start position:0% you there is no point of that right some people<00:07:03.120> will<00:07:03.360> do<00:07:03.539> it<00:07:03.600> even<00:07:03.720> for<00:07:04.080> free<00:07:04.259> but<00:07:04.979> yeah 00:07:05.210 --> 00:07:05.220 align:start position:0% people will do it even for free but yeah 00:07:05.220 --> 00:07:06.710 align:start position:0% people will do it even for free but yeah what<00:07:05.639> will<00:07:05.759> happen<00:07:05.940> in<00:07:06.180> the<00:07:06.300> next<00:07:06.360> five<00:07:06.539> years 00:07:06.710 --> 00:07:06.720 align:start position:0% what will happen in the next five years 00:07:06.720 --> 00:07:08.629 align:start position:0% what will happen in the next five years more<00:07:07.080> sort<00:07:07.319> of<00:07:07.500> stickers<00:07:07.800> on<00:07:07.979> less<00:07:08.220> or<00:07:08.460> less 00:07:08.629 --> 00:07:08.639 align:start position:0% more sort of stickers on less or less 00:07:08.639 --> 00:07:11.150 align:start position:0% more sort of stickers on less or less all<00:07:08.880> those<00:07:09.060> takers<00:07:09.360> thanks 00:07:11.150 --> 00:07:11.160 align:start position:0% all those takers thanks 00:07:11.160 --> 00:07:12.890 align:start position:0% all those takers thanks well<00:07:11.639> if<00:07:11.880> statewide's<00:07:12.360> V3<00:07:12.539> works<00:07:12.840> we'll 00:07:12.890 --> 00:07:12.900 align:start position:0% well if statewide's V3 works we'll 00:07:12.900 --> 00:07:14.510 align:start position:0% well if statewide's V3 works we'll hopefully<00:07:13.199> have<00:07:13.319> more 00:07:14.510 --> 00:07:14.520 align:start position:0% hopefully have more 00:07:14.520 --> 00:07:16.730 align:start position:0% hopefully have more um<00:07:14.580> as<00:07:15.180> I<00:07:15.300> said<00:07:15.419> the<00:07:15.840> reason<00:07:16.139> why<00:07:16.380> and 00:07:16.730 --> 00:07:16.740 align:start position:0% um as I said the reason why and 00:07:16.740 --> 00:07:18.830 align:start position:0% um as I said the reason why and obviously<00:07:17.160> touched<00:07:17.580> on<00:07:17.639> it<00:07:17.759> it's<00:07:18.240> it's<00:07:18.600> almost 00:07:18.830 --> 00:07:18.840 align:start position:0% obviously touched on it it's it's almost 00:07:18.840 --> 00:07:20.510 align:start position:0% obviously touched on it it's it's almost non-economical<00:07:19.500> to<00:07:19.680> be<00:07:19.800> a<00:07:19.860> sales<00:07:19.979> taker<00:07:20.400> you 00:07:20.510 --> 00:07:20.520 align:start position:0% non-economical to be a sales taker you 00:07:20.520 --> 00:07:23.210 align:start position:0% non-economical to be a sales taker you do<00:07:20.699> it<00:07:20.819> for<00:07:21.120> fun<00:07:21.360> or<00:07:21.660> to<00:07:21.840> because<00:07:22.080> you're<00:07:22.380> an<00:07:22.860> a 00:07:23.210 --> 00:07:23.220 align:start position:0% do it for fun or to because you're an a 00:07:23.220 --> 00:07:26.029 align:start position:0% do it for fun or to because you're an a decentralization<00:07:23.819> maxi<00:07:24.780> um<00:07:24.840> and<00:07:25.440> so<00:07:25.680> you<00:07:25.919> know 00:07:26.029 --> 00:07:26.039 align:start position:0% decentralization maxi um and so you know 00:07:26.039 --> 00:07:27.529 align:start position:0% decentralization maxi um and so you know our<00:07:26.220> goal<00:07:26.520> is<00:07:26.759> to<00:07:26.940> try<00:07:27.060> and<00:07:27.180> make<00:07:27.419> it 00:07:27.529 --> 00:07:27.539 align:start position:0% our goal is to try and make it 00:07:27.539 --> 00:07:29.510 align:start position:0% our goal is to try and make it economical<00:07:28.020> and<00:07:28.620> let<00:07:28.800> them<00:07:28.979> let<00:07:29.220> them<00:07:29.340> get 00:07:29.510 --> 00:07:29.520 align:start position:0% economical and let them let them get 00:07:29.520 --> 00:07:30.830 align:start position:0% economical and let them let them get access<00:07:29.639> to<00:07:29.819> liquid<00:07:30.060> staking<00:07:30.300> which<00:07:30.539> they<00:07:30.660> have 00:07:30.830 --> 00:07:30.840 align:start position:0% access to liquid staking which they have 00:07:30.840 --> 00:07:34.189 align:start position:0% access to liquid staking which they have not<00:07:30.960> been<00:07:31.080> able<00:07:31.139> to<00:07:31.259> before 00:07:34.189 --> 00:07:34.199 align:start position:0% 00:07:34.199 --> 00:07:37.010 align:start position:0% so<00:07:35.099> so<00:07:35.639> we<00:07:35.880> rocket<00:07:36.300> pool 00:07:37.010 --> 00:07:37.020 align:start position:0% so so we rocket pool 00:07:37.020 --> 00:07:40.010 align:start position:0% so so we rocket pool um it<00:07:37.800> is<00:07:38.039> pretty<00:07:38.340> much<00:07:38.520> no<00:07:39.180> different<00:07:39.419> to 00:07:40.010 --> 00:07:40.020 align:start position:0% um it is pretty much no different to 00:07:40.020 --> 00:07:43.490 align:start position:0% um it is pretty much no different to being<00:07:40.500> a<00:07:40.680> salon<00:07:40.919> Staker<00:07:41.940> um<00:07:42.000> the<00:07:42.660> you<00:07:43.380> have 00:07:43.490 --> 00:07:43.500 align:start position:0% being a salon Staker um the you have 00:07:43.500 --> 00:07:46.189 align:start position:0% being a salon Staker um the you have autonomy<00:07:44.039> over<00:07:44.280> your<00:07:44.580> node<00:07:44.819> uh<00:07:45.780> you<00:07:46.020> bring 00:07:46.189 --> 00:07:46.199 align:start position:0% autonomy over your node uh you bring 00:07:46.199 --> 00:07:49.249 align:start position:0% autonomy over your node uh you bring collateral<00:07:46.680> so<00:07:46.919> you<00:07:47.160> have<00:07:47.340> a<00:07:47.580> stake<00:07:48.120> uh<00:07:48.900> the 00:07:49.249 --> 00:07:49.259 align:start position:0% collateral so you have a stake uh the 00:07:49.259 --> 00:07:50.749 align:start position:0% collateral so you have a stake uh the only<00:07:49.380> difference<00:07:49.620> is<00:07:49.919> you<00:07:50.160> get<00:07:50.340> paid<00:07:50.580> more 00:07:50.749 --> 00:07:50.759 align:start position:0% only difference is you get paid more 00:07:50.759 --> 00:07:52.610 align:start position:0% only difference is you get paid more that's<00:07:51.479> that's<00:07:51.720> the<00:07:51.960> that's<00:07:52.199> the<00:07:52.319> only<00:07:52.440> real 00:07:52.610 --> 00:07:52.620 align:start position:0% that's that's the that's the only real 00:07:52.620 --> 00:07:54.890 align:start position:0% that's that's the that's the only real difference<00:07:52.860> from<00:07:53.819> it<00:07:54.000> from<00:07:54.300> an<00:07:54.479> ethereum 00:07:54.890 --> 00:07:54.900 align:start position:0% difference from it from an ethereum 00:07:54.900 --> 00:07:56.390 align:start position:0% difference from it from an ethereum perspective<00:07:55.259> and<00:07:55.560> from<00:07:55.740> a<00:07:55.860> decentralization 00:07:56.390 --> 00:07:56.400 align:start position:0% perspective and from a decentralization 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to<00:08:05.160> that<00:08:05.280> I<00:08:05.520> think 00:08:06.409 --> 00:08:06.419 align:start position:0% yeah if I was to add to that I think 00:08:06.419 --> 00:08:07.550 align:start position:0% yeah if I was to add to that I think um the<00:08:06.720> question<00:08:06.840> is<00:08:07.080> there'll<00:08:07.319> be<00:08:07.440> a<00:08:07.500> long 00:08:07.550 --> 00:08:07.560 align:start position:0% um the question is there'll be a long 00:08:07.560 --> 00:08:09.830 align:start position:0% um the question is there'll be a long tail<00:08:07.800> of<00:08:08.039> like<00:08:08.099> solo<00:08:08.460> stickers<00:08:08.940> for<00:08:09.180> sure<00:08:09.300> the 00:08:09.830 --> 00:08:09.840 align:start position:0% tail of like solo stickers for sure the 00:08:09.840 --> 00:08:11.390 align:start position:0% tail of like solo stickers for sure the question<00:08:10.020> is<00:08:10.199> how<00:08:10.440> much<00:08:10.620> the<00:08:10.740> stake<00:08:10.979> will<00:08:11.280> be 00:08:11.390 --> 00:08:11.400 align:start position:0% question is how much the stake will be 00:08:11.400 --> 00:08:12.529 align:start position:0% question is how much the stake will be on<00:08:11.580> them 00:08:12.529 --> 00:08:12.539 align:start position:0% on them 00:08:12.539 --> 00:08:14.270 align:start position:0% on them um<00:08:12.660> and<00:08:12.960> that's<00:08:13.080> where<00:08:13.440> you<00:08:13.740> know<00:08:13.800> everyone<00:08:13.979> up 00:08:14.270 --> 00:08:14.280 align:start position:0% um and that's where you know everyone up 00:08:14.280 --> 00:08:15.890 align:start position:0% um and that's where you know everyone up here<00:08:14.400> is<00:08:14.580> trying<00:08:14.759> to<00:08:14.880> figure<00:08:15.060> out<00:08:15.240> how<00:08:15.599> can<00:08:15.780> you 00:08:15.890 --> 00:08:15.900 align:start position:0% here is trying to figure out how can you 00:08:15.900 --> 00:08:17.870 align:start position:0% here is trying to figure out how can you let<00:08:16.080> soul<00:08:16.380> of<00:08:16.560> stakers<00:08:16.919> like<00:08:17.160> have<00:08:17.520> a<00:08:17.639> bit<00:08:17.759> of 00:08:17.870 --> 00:08:17.880 align:start position:0% let soul of stakers like have a bit of 00:08:17.880 --> 00:08:19.610 align:start position:0% let soul of stakers like have a bit of capital<00:08:18.000> in<00:08:18.300> someone<00:08:18.419> else's<00:08:18.780> Capital<00:08:18.960> if 00:08:19.610 --> 00:08:19.620 align:start position:0% capital in someone else's Capital if 00:08:19.620 --> 00:08:21.230 align:start position:0% capital in someone else's Capital if there's<00:08:19.860> a<00:08:19.919> rocketpool<00:08:20.460> scenario<00:08:20.819> of<00:08:21.000> make 00:08:21.230 --> 00:08:21.240 align:start position:0% there's a rocketpool scenario of make 00:08:21.240 --> 00:08:23.749 align:start position:0% there's a rocketpool scenario of make them<00:08:21.360> Bond<00:08:21.599> if<00:08:22.080> stakewise<00:08:22.500> V3<00:08:22.860> you've<00:08:23.220> let<00:08:23.520> the 00:08:23.749 --> 00:08:23.759 align:start position:0% them Bond if stakewise V3 you've let the 00:08:23.759 --> 00:08:25.309 align:start position:0% them Bond if stakewise V3 you've let the like<00:08:23.940> people<00:08:24.120> take<00:08:24.360> the<00:08:24.539> risk<00:08:24.780> and<00:08:24.960> choose 00:08:25.309 --> 00:08:25.319 align:start position:0% like people take the risk and choose 00:08:25.319 --> 00:08:28.010 align:start position:0% like people take the risk and choose like<00:08:25.560> a<00:08:25.740> vault<00:08:26.160> for<00:08:26.400> like<00:08:26.819> a<00:08:26.940> certain<00:08:27.060> risk<00:08:27.479> and 00:08:28.010 --> 00:08:28.020 align:start position:0% like a vault for like a certain risk and 00:08:28.020 --> 00:08:29.570 align:start position:0% like a vault for like a certain risk and we<00:08:28.199> hope<00:08:28.319> that<00:08:28.500> with<00:08:28.620> distributed<00:08:29.039> validators 00:08:29.570 --> 00:08:29.580 align:start position:0% we hope that with distributed validators 00:08:29.580 --> 00:08:31.790 align:start position:0% we hope that with distributed validators you<00:08:30.300> can<00:08:30.360> trust<00:08:30.599> small<00:08:30.840> stakers<00:08:31.379> as<00:08:31.560> if<00:08:31.680> they 00:08:31.790 --> 00:08:31.800 align:start position:0% you can trust small stakers as if they 00:08:31.800 --> 00:08:33.409 align:start position:0% you can trust small stakers as if they were<00:08:31.860> an<00:08:31.979> Enterprise<00:08:32.159> you're<00:08:32.520> like<00:08:32.640> yeah<00:08:32.820> for 00:08:33.409 --> 00:08:33.419 align:start position:0% were an Enterprise you're like yeah for 00:08:33.419 --> 00:08:34.790 align:start position:0% were an Enterprise you're like yeah for you<00:08:33.539> guys<00:08:33.719> and<00:08:33.959> you're<00:08:34.140> all<00:08:34.260> credible<00:08:34.560> and 00:08:34.790 --> 00:08:34.800 align:start position:0% you guys and you're all credible and 00:08:34.800 --> 00:08:37.250 align:start position:0% you guys and you're all credible and you're<00:08:34.979> not<00:08:35.339> one<00:08:35.580> you<00:08:35.880> know<00:08:35.940> person<00:08:36.300> you<00:08:37.140> guys 00:08:37.250 --> 00:08:37.260 align:start position:0% you're not one you know person you guys 00:08:37.260 --> 00:08:40.969 align:start position:0% you're not one you know person you guys can<00:08:37.440> have<00:08:37.620> 99.99<00:08:38.399> uptime<00:08:39.180> so<00:08:39.599> we<00:08:40.200> can<00:08:40.380> you<00:08:40.919> know 00:08:40.969 --> 00:08:40.979 align:start position:0% can have 99.99 uptime so we can you know 00:08:40.979 --> 00:08:42.469 align:start position:0% can have 99.99 uptime so we can you know trust<00:08:41.339> putting<00:08:41.700> stake<00:08:41.880> on<00:08:42.000> you<00:08:42.120> you<00:08:42.300> can't 00:08:42.469 --> 00:08:42.479 align:start position:0% trust putting stake on you you can't 00:08:42.479 --> 00:08:44.810 align:start position:0% trust putting stake on you you can't exit<00:08:42.899> you<00:08:43.080> can't<00:08:43.200> even<00:08:43.440> get<00:08:43.620> flashed<00:08:44.099> so<00:08:44.580> we 00:08:44.810 --> 00:08:44.820 align:start position:0% exit you can't even get flashed so we 00:08:44.820 --> 00:08:47.329 align:start position:0% exit you can't even get flashed so we hope<00:08:44.940> with<00:08:45.180> DVT<00:08:45.720> people<00:08:46.500> like<00:08:46.740> you<00:08:46.980> know<00:08:47.100> light 00:08:47.329 --> 00:08:47.339 align:start position:0% hope with DVT people like you know light 00:08:47.339 --> 00:08:49.370 align:start position:0% hope with DVT people like you know light on<00:08:47.580> stakewise<00:08:48.000> all<00:08:48.120> of<00:08:48.240> them<00:08:48.360> can<00:08:48.959> you<00:08:49.320> know 00:08:49.370 --> 00:08:49.380 align:start position:0% on stakewise all of them can you know 00:08:49.380 --> 00:08:51.050 align:start position:0% on stakewise all of them can you know throw<00:08:49.680> a<00:08:49.920> lot<00:08:49.980> more<00:08:50.100> ether<00:08:50.519> onto<00:08:50.940> small 00:08:51.050 --> 00:08:51.060 align:start position:0% throw a lot more ether onto small 00:08:51.060 --> 00:08:53.150 align:start position:0% throw a lot more ether onto small stakers<00:08:51.540> and<00:08:51.720> make<00:08:52.019> it<00:08:52.200> you<00:08:52.440> know<00:08:52.560> make<00:08:52.920> sense 00:08:53.150 --> 00:08:53.160 align:start position:0% stakers and make it you know make sense 00:08:53.160 --> 00:08:55.009 align:start position:0% stakers and make it you know make sense that<00:08:53.399> he<00:08:53.580> said<00:08:53.640> not<00:08:53.820> to<00:08:53.940> just<00:08:54.180> a<00:08:54.360> last<00:08:54.600> leading 00:08:55.009 --> 00:08:55.019 align:start position:0% that he said not to just a last leading 00:08:55.019 --> 00:08:58.070 align:start position:0% that he said not to just a last leading kind<00:08:55.140> of<00:08:55.260> Die<00:08:55.560> Hard<00:08:55.800> Hobby 00:08:58.070 --> 00:08:58.080 align:start position:0% 00:08:58.080 --> 00:09:00.530 align:start position:0% um yeah<00:08:58.500> yeah<00:08:58.560> on<00:08:59.160> on<00:08:59.519> our<00:08:59.760> side<00:09:00.000> like<00:09:00.240> how<00:09:00.360> we 00:09:00.530 --> 00:09:00.540 align:start position:0% um yeah yeah on on our side like how we 00:09:00.540 --> 00:09:05.150 align:start position:0% um yeah yeah on on our side like how we think<00:09:00.720> about<00:09:00.899> it<00:09:01.140> is<00:09:01.680> uh<00:09:02.240> to<00:09:03.240> have<00:09:03.360> a<00:09:03.660> lot<00:09:03.779> of 00:09:05.150 --> 00:09:05.160 align:start position:0% think about it is uh to have a lot of 00:09:05.160 --> 00:09:07.430 align:start position:0% think about it is uh to have a lot of um<00:09:05.220> solo<00:09:06.060> not<00:09:06.180> operators 00:09:07.430 --> 00:09:07.440 align:start position:0% um solo not operators 00:09:07.440 --> 00:09:10.370 align:start position:0% um solo not operators um<00:09:07.560> you<00:09:08.160> need<00:09:08.459> to<00:09:08.580> like<00:09:09.240> design<00:09:09.540> system<00:09:09.899> in<00:09:10.200> a 00:09:10.370 --> 00:09:10.380 align:start position:0% um you need to like design system in a 00:09:10.380 --> 00:09:13.250 align:start position:0% um you need to like design system in a way<00:09:10.440> that<00:09:10.800> first<00:09:11.459> uh<00:09:12.300> does<00:09:12.540> not<00:09:12.720> require<00:09:12.959> them 00:09:13.250 --> 00:09:13.260 align:start position:0% way that first uh does not require them 00:09:13.260 --> 00:09:15.290 align:start position:0% way that first uh does not require them to<00:09:13.560> hold<00:09:13.680> a<00:09:13.860> bond<00:09:14.100> because<00:09:14.459> like<00:09:14.820> most<00:09:15.060> people 00:09:15.290 --> 00:09:15.300 align:start position:0% to hold a bond because like most people 00:09:15.300 --> 00:09:17.750 align:start position:0% to hold a bond because like most people who<00:09:15.720> want<00:09:15.899> to<00:09:16.019> run<00:09:16.200> and<00:09:16.920> know<00:09:17.100> they<00:09:17.399> don't<00:09:17.580> have 00:09:17.750 --> 00:09:17.760 align:start position:0% who want to run and know they don't have 00:09:17.760 --> 00:09:19.610 align:start position:0% who want to run and know they don't have this<00:09:18.000> much<00:09:18.120> money<00:09:18.360> like<00:09:18.660> most<00:09:18.899> people<00:09:19.140> like 00:09:19.610 --> 00:09:19.620 align:start position:0% this much money like most people like 00:09:19.620 --> 00:09:21.250 align:start position:0% this much money like most people like don't<00:09:19.860> have<00:09:20.040> this<00:09:20.220> much<00:09:20.339> money<00:09:20.519> period<00:09:20.940> right 00:09:21.250 --> 00:09:21.260 align:start position:0% don't have this much money period right 00:09:21.260 --> 00:09:25.070 align:start position:0% don't have this much money period right uh<00:09:22.260> to<00:09:22.440> to<00:09:22.860> to<00:09:23.040> to<00:09:23.220> to<00:09:23.339> to<00:09:23.700> run<00:09:24.360> like<00:09:24.540> even<00:09:24.660> half 00:09:25.070 --> 00:09:25.080 align:start position:0% uh to to to to to to run like even half 00:09:25.080 --> 00:09:27.470 align:start position:0% uh to to to to to to run like even half of<00:09:25.320> the<00:09:26.040> normal<00:09:26.160> data<00:09:26.580> like<00:09:26.760> crying<00:09:27.180> like 00:09:27.470 --> 00:09:27.480 align:start position:0% of the normal data like crying like 00:09:27.480 --> 00:09:29.449 align:start position:0% of the normal data like crying like lying<00:09:27.899> around<00:09:28.019> so<00:09:28.320> like<00:09:28.560> they<00:09:28.800> have<00:09:29.040> to<00:09:29.160> be 00:09:29.449 --> 00:09:29.459 align:start position:0% lying around so like they have to be 00:09:29.459 --> 00:09:31.970 align:start position:0% lying around so like they have to be selected<00:09:30.420> not<00:09:30.660> on<00:09:30.959> like<00:09:31.380> unbonded<00:09:31.860> and 00:09:31.970 --> 00:09:31.980 align:start position:0% selected not on like unbonded and 00:09:31.980 --> 00:09:33.710 align:start position:0% selected not on like unbonded and someone<00:09:32.100> Bond<00:09:32.459> Way 00:09:33.710 --> 00:09:33.720 align:start position:0% someone Bond Way 00:09:33.720 --> 00:09:37.370 align:start position:0% someone Bond Way um<00:09:33.920> and<00:09:34.920> that<00:09:35.700> means<00:09:36.060> on<00:09:36.839> the<00:09:36.959> other<00:09:37.019> hand<00:09:37.200> that 00:09:37.370 --> 00:09:37.380 align:start position:0% um and that means on the other hand that 00:09:37.380 --> 00:09:39.530 align:start position:0% um and that means on the other hand that in<00:09:37.560> history<00:09:37.740> manage<00:09:38.279> risks<00:09:38.700> and<00:09:39.000> you<00:09:39.300> need<00:09:39.420> to 00:09:39.530 --> 00:09:39.540 align:start position:0% in history manage risks and you need to 00:09:39.540 --> 00:09:41.630 align:start position:0% in history manage risks and you need to manage<00:09:39.779> the<00:09:39.959> white<00:09:40.080> labels<00:09:40.500> like<00:09:40.980> for<00:09:41.339> example 00:09:41.630 --> 00:09:41.640 align:start position:0% manage the white labels like for example 00:09:41.640 --> 00:09:44.389 align:start position:0% manage the white labels like for example you<00:09:42.240> uh<00:09:42.899> if<00:09:43.320> you<00:09:43.500> want<00:09:43.620> a<00:09:43.800> lot<00:09:43.920> of<00:09:43.980> solo 00:09:44.389 --> 00:09:44.399 align:start position:0% you uh if you want a lot of solo 00:09:44.399 --> 00:09:45.650 align:start position:0% you uh if you want a lot of solo operators<00:09:44.640> in<00:09:44.820> the<00:09:44.940> protocol<00:09:45.120> and<00:09:45.420> you<00:09:45.480> want 00:09:45.650 --> 00:09:45.660 align:start position:0% operators in the protocol and you want 00:09:45.660 --> 00:09:47.530 align:start position:0% operators in the protocol and you want to<00:09:45.720> think<00:09:45.899> about<00:09:46.140> that<00:09:46.440> you<00:09:46.800> need<00:09:47.040> to 00:09:47.530 --> 00:09:47.540 align:start position:0% to think about that you need to 00:09:47.540 --> 00:09:49.910 align:start position:0% to think about that you need to understand<00:09:48.540> that<00:09:48.959> these<00:09:49.260> are<00:09:49.320> not<00:09:49.440> like<00:09:49.680> the 00:09:49.910 --> 00:09:49.920 align:start position:0% understand that these are not like the 00:09:49.920 --> 00:09:51.829 align:start position:0% understand that these are not like the one<00:09:50.160> operator<00:09:50.519> in<00:09:50.820> these<00:09:51.000> guys<00:09:51.060> like<00:09:51.360> in<00:09:51.540> like 00:09:51.829 --> 00:09:51.839 align:start position:0% one operator in these guys like in like 00:09:51.839 --> 00:09:55.610 align:start position:0% one operator in these guys like in like in<00:09:51.959> range<00:09:52.380> code<00:09:52.560> like<00:09:52.980> this<00:09:53.640> 100<00:09:54.000> notes 00:09:55.610 --> 00:09:55.620 align:start position:0% in range code like this 100 notes 00:09:55.620 --> 00:09:59.389 align:start position:0% in range code like this 100 notes um<00:09:55.980> uh<00:09:56.880> this<00:09:57.360> is<00:09:57.480> like<00:09:57.839> essential<00:09:58.320> for<00:09:58.740> not<00:09:58.980> so 00:09:59.389 --> 00:09:59.399 align:start position:0% um uh this is like essential for not so 00:09:59.399 --> 00:10:01.490 align:start position:0% um uh this is like essential for not so for<00:09:59.640> protocols<00:10:00.300> that<00:10:00.360> mostly<00:10:00.779> manage<00:10:01.140> risks 00:10:01.490 --> 00:10:01.500 align:start position:0% for protocols that mostly manage risks 00:10:01.500 --> 00:10:03.590 align:start position:0% for protocols that mostly manage risks instead<00:10:01.920> of<00:10:01.980> bond<00:10:02.279> but<00:10:02.880> even<00:10:03.060> in<00:10:03.300> both<00:10:03.480> the 00:10:03.590 --> 00:10:03.600 align:start position:0% instead of bond but even in both the 00:10:03.600 --> 00:10:05.210 align:start position:0% instead of bond but even in both the products<00:10:03.899> will<00:10:04.019> act<00:10:04.200> like<00:10:04.260> there<00:10:04.620> is<00:10:04.740> a<00:10:04.860> lot<00:10:05.040> of 00:10:05.210 --> 00:10:05.220 align:start position:0% products will act like there is a lot of 00:10:05.220 --> 00:10:08.210 align:start position:0% products will act like there is a lot of uh<00:10:05.880> folks<00:10:06.360> run<00:10:06.600> the<00:10:07.320> rocket<00:10:07.740> pool<00:10:07.860> with<00:10:08.040> all 00:10:08.210 --> 00:10:08.220 align:start position:0% uh folks run the rocket pool with all 00:10:08.220 --> 00:10:10.250 align:start position:0% uh folks run the rocket pool with all notes<00:10:08.519> for<00:10:08.640> example 00:10:10.250 --> 00:10:10.260 align:start position:0% notes for example 00:10:10.260 --> 00:10:12.290 align:start position:0% notes for example um<00:10:10.380> so<00:10:10.860> these<00:10:11.100> are<00:10:11.220> hard<00:10:11.399> problems<00:10:11.880> to<00:10:12.060> solve 00:10:12.290 --> 00:10:12.300 align:start position:0% um so these are hard problems to solve 00:10:12.300 --> 00:10:15.949 align:start position:0% um so these are hard problems to solve but<00:10:12.959> I<00:10:13.140> believe<00:10:13.260> they<00:10:13.500> are<00:10:13.620> solvable<00:10:14.040> so 00:10:15.949 --> 00:10:15.959 align:start position:0% but I believe they are solvable so 00:10:15.959 --> 00:10:17.690 align:start position:0% but I believe they are solvable so yeah<00:10:16.140> I<00:10:16.620> just<00:10:16.740> want<00:10:16.860> to<00:10:16.980> add<00:10:17.220> up<00:10:17.399> to<00:10:17.519> what 00:10:17.690 --> 00:10:17.700 align:start position:0% yeah I just want to add up to what 00:10:17.700 --> 00:10:19.009 align:start position:0% yeah I just want to add up to what Austin<00:10:18.060> said 00:10:19.009 --> 00:10:19.019 align:start position:0% Austin said 00:10:19.019 --> 00:10:21.470 align:start position:0% Austin said um<00:10:19.320> imagine<00:10:19.740> if<00:10:20.040> you<00:10:20.160> can<00:10:20.279> use<00:10:20.399> like<00:10:20.580> DVT<00:10:21.060> to 00:10:21.470 --> 00:10:21.480 align:start position:0% um imagine if you can use like DVT to 00:10:21.480 --> 00:10:24.110 align:start position:0% um imagine if you can use like DVT to pair<00:10:21.660> yourself<00:10:21.899> with<00:10:22.440> with<00:10:22.800> a<00:10:23.040> repeatable<00:10:23.580> top 00:10:24.110 --> 00:10:24.120 align:start position:0% pair yourself with with a repeatable top 00:10:24.120 --> 00:10:26.449 align:start position:0% pair yourself with with a repeatable top class<00:10:24.420> operators<00:10:25.080> or<00:10:25.680> even<00:10:25.800> to<00:10:26.100> pair<00:10:26.279> yourself 00:10:26.449 --> 00:10:26.459 align:start position:0% class operators or even to pair yourself 00:10:26.459 --> 00:10:29.030 align:start position:0% class operators or even to pair yourself with<00:10:26.820> your<00:10:27.000> friends<00:10:27.180> which<00:10:27.899> you<00:10:28.080> trust<00:10:28.380> to<00:10:28.920> run 00:10:29.030 --> 00:10:29.040 align:start position:0% with your friends which you trust to run 00:10:29.040 --> 00:10:32.090 align:start position:0% with your friends which you trust to run it<00:10:29.300> and<00:10:30.300> so<00:10:30.779> the<00:10:30.959> technology<00:10:31.380> advantage<00:10:31.920> that 00:10:32.090 --> 00:10:32.100 align:start position:0% it and so the technology advantage that 00:10:32.100 --> 00:10:34.550 align:start position:0% it and so the technology advantage that will<00:10:32.220> come<00:10:32.399> will<00:10:32.820> reduce<00:10:33.180> the<00:10:33.839> barriers<00:10:34.260> to<00:10:34.380> do 00:10:34.550 --> 00:10:34.560 align:start position:0% will come will reduce the barriers to do 00:10:34.560 --> 00:10:37.910 align:start position:0% will come will reduce the barriers to do that<00:10:34.740> in<00:10:35.279> a<00:10:35.459> still<00:10:35.580> reliable<00:10:36.000> way 00:10:37.910 --> 00:10:37.920 align:start position:0% that in a still reliable way 00:10:37.920 --> 00:10:40.670 align:start position:0% that in a still reliable way oh<00:10:38.580> sorry<00:10:38.880> uh<00:10:39.540> another<00:10:39.779> thing<00:10:40.019> rocket<00:10:40.380> poor 00:10:40.670 --> 00:10:40.680 align:start position:0% oh sorry uh another thing rocket poor 00:10:40.680 --> 00:10:43.430 align:start position:0% oh sorry uh another thing rocket poor doing<00:10:40.800> uh<00:10:41.459> So<00:10:41.940> currently<00:10:42.360> it's<00:10:42.540> 16<00:10:42.720> that<00:10:43.320> you 00:10:43.430 --> 00:10:43.440 align:start position:0% doing uh So currently it's 16 that you 00:10:43.440 --> 00:10:46.730 align:start position:0% doing uh So currently it's 16 that you need<00:10:43.620> uh<00:10:44.519> so<00:10:44.880> in<00:10:45.600> our<00:10:45.720> next<00:10:45.899> release<00:10:46.079> it'll<00:10:46.620> be 00:10:46.730 --> 00:10:46.740 align:start position:0% need uh so in our next release it'll be 00:10:46.740 --> 00:10:49.310 align:start position:0% need uh so in our next release it'll be eight<00:10:46.920> and<00:10:47.640> then<00:10:47.880> in<00:10:48.360> potentially<00:10:48.899> in<00:10:49.140> our 00:10:49.310 --> 00:10:49.320 align:start position:0% eight and then in potentially in our 00:10:49.320 --> 00:10:52.490 align:start position:0% eight and then in potentially in our next<00:10:49.500> release<00:10:49.740> lower<00:10:50.579> so<00:10:51.480> that's<00:10:52.019> how<00:10:52.200> you<00:10:52.320> get 00:10:52.490 --> 00:10:52.500 align:start position:0% next release lower so that's how you get 00:10:52.500 --> 00:10:53.930 align:start position:0% next release lower so that's how you get more<00:10:52.680> node<00:10:53.040> operators<00:10:53.459> that's<00:10:53.640> what<00:10:53.880> we 00:10:53.930 --> 00:10:53.940 align:start position:0% more node operators that's what we 00:10:53.940 --> 00:10:55.550 align:start position:0% more node operators that's what we that's<00:10:54.180> what<00:10:54.360> we<00:10:54.420> want<00:10:54.600> is<00:10:54.839> more<00:10:55.140> individual 00:10:55.550 --> 00:10:55.560 align:start position:0% that's what we want is more individual 00:10:55.560 --> 00:10:57.410 align:start position:0% that's what we want is more individual node<00:10:55.740> operators<00:10:56.220> not<00:10:56.760> necessarily<00:10:57.240> more 00:10:57.410 --> 00:10:57.420 align:start position:0% node operators not necessarily more 00:10:57.420 --> 00:10:59.329 align:start position:0% node operators not necessarily more stake 00:10:59.329 --> 00:10:59.339 align:start position:0% stake 00:10:59.339 --> 00:11:00.470 align:start position:0% stake great 00:11:00.470 --> 00:11:00.480 align:start position:0% great 00:11:00.480 --> 00:11:02.269 align:start position:0% great all<00:11:00.779> right<00:11:00.959> well<00:11:01.260> unfortunately<00:11:01.800> we're<00:11:02.040> out 00:11:02.269 --> 00:11:02.279 align:start position:0% all right well unfortunately we're out 00:11:02.279 --> 00:11:04.790 align:start position:0% all right well unfortunately we're out of<00:11:02.399> time<00:11:02.579> for<00:11:03.180> uh<00:11:03.839> new<00:11:04.200> audience<00:11:04.500> questions 00:11:04.790 --> 00:11:04.800 align:start position:0% of time for uh new audience questions 00:11:04.800 --> 00:11:07.190 align:start position:0% of time for uh new audience questions but<00:11:05.279> I<00:11:05.579> promise<00:11:05.880> you<00:11:06.240> all<00:11:06.600> five<00:11:06.779> of<00:11:07.019> these 00:11:07.190 --> 00:11:07.200 align:start position:0% but I promise you all five of these 00:11:07.200 --> 00:11:08.329 align:start position:0% but I promise you all five of these folks<00:11:07.500> are<00:11:07.620> going<00:11:07.740> to<00:11:07.800> be<00:11:07.920> wandering<00:11:08.160> around 00:11:08.329 --> 00:11:08.339 align:start position:0% folks are going to be wandering around 00:11:08.339 --> 00:11:10.310 align:start position:0% folks are going to be wandering around the<00:11:08.519> conference<00:11:08.760> floor<00:11:09.000> after<00:11:09.660> this<00:11:09.899> so<00:11:10.079> if 00:11:10.310 --> 00:11:10.320 align:start position:0% the conference floor after this so if 00:11:10.320 --> 00:11:12.170 align:start position:0% the conference floor after this so if you<00:11:10.440> have<00:11:10.560> any<00:11:10.860> questions<00:11:11.040> for<00:11:11.399> them<00:11:11.519> or<00:11:12.000> for 00:11:12.170 --> 00:11:12.180 align:start position:0% you have any questions for them or for 00:11:12.180 --> 00:11:14.509 align:start position:0% you have any questions for them or for me<00:11:12.360> uh<00:11:13.200> we<00:11:13.440> would<00:11:13.560> all<00:11:13.680> be<00:11:13.800> very<00:11:13.980> happy<00:11:14.160> to<00:11:14.339> chat 00:11:14.509 --> 00:11:14.519 align:start position:0% me uh we would all be very happy to chat 00:11:14.519 --> 00:11:16.250 align:start position:0% me uh we would all be very happy to chat with<00:11:14.700> you<00:11:14.820> throughout<00:11:15.779> the<00:11:15.899> rest<00:11:15.959> of<00:11:16.079> the<00:11:16.140> day 00:11:16.250 --> 00:11:16.260 align:start position:0% with you throughout the rest of the day 00:11:16.260 --> 00:11:17.150 align:start position:0% with you throughout the rest of the day and<00:11:16.440> throughout<00:11:16.680> the<00:11:16.800> rest<00:11:16.920> of<00:11:16.980> the<00:11:17.040> week 00:11:17.150 --> 00:11:17.160 align:start position:0% and throughout the rest of the week 00:11:17.160 --> 00:11:18.650 align:start position:0% and throughout the rest of the week thank<00:11:17.459> you<00:11:17.579> so<00:11:17.760> much<00:11:17.880> everybody<00:11:18.180> for<00:11:18.540> coming 00:11:18.650 --> 00:11:18.660 align:start position:0% thank you so much everybody for coming 00:11:18.660 --> 00:11:22.220 align:start position:0% thank you so much everybody for coming thank<00:11:19.560> you<00:11:20.100> thank<00:11:20.220> you