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awesome<00:00:11.880><c> hey</c><00:00:12.120><c> guys</c><00:00:12.599><c> I'm</c><00:00:12.880><c> Richard</c><00:00:13.799><c> uh</c><00:00:13.960><c> today</c>

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awesome hey guys I'm Richard uh today
 

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awesome hey guys I'm Richard uh today
I'll<00:00:14.559><c> be</c><00:00:14.719><c> talking</c><00:00:14.960><c> about</c><00:00:15.200><c> trust</c><00:00:15.480><c> minimize</c><00:00:16.119><c> P2P</c>

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I'll be talking about trust minimize P2P
 

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I'll be talking about trust minimize P2P
marketplaces<00:00:17.960><c> uh</c><00:00:18.080><c> on</c><00:00:18.359><c> ethereum</c><00:00:19.359><c> uh</c><00:00:19.560><c> go</c><00:00:19.720><c> over</c>

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marketplaces uh on ethereum uh go over
 

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marketplaces uh on ethereum uh go over
the<00:00:20.199><c> why</c><00:00:20.519><c> how</c><00:00:20.840><c> and</c><00:00:21.119><c> some</c><00:00:21.400><c> thoughts</c><00:00:21.880><c> of</c><00:00:22.039><c> looking</c>

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the why how and some thoughts of looking
 

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the why how and some thoughts of looking
ahead<00:00:24.640><c> so</c><00:00:24.920><c> why</c><00:00:25.039><c> are</c><00:00:25.160><c> we</c><00:00:25.679><c> here</c><00:00:26.679><c> um</c><00:00:27.640><c> if</c><00:00:27.760><c> we</c><00:00:27.960><c> look</c>

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ahead so why are we here um if we look
 

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ahead so why are we here um if we look
at<00:00:28.519><c> web</c><00:00:28.760><c> 2</c><00:00:29.080><c> today</c><00:00:30.320><c> uh</c><00:00:30.599><c> data</c><00:00:31.039><c> currently</c><00:00:31.560><c> exists</c>

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at web 2 today uh data currently exists
 

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at web 2 today uh data currently exists
in<00:00:32.360><c> these</c><00:00:32.559><c> centralized</c><00:00:33.160><c> data</c><00:00:33.399><c> silos</c><00:00:34.160><c> whether</c>

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in these centralized data silos whether
 

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in these centralized data silos whether
it's<00:00:34.559><c> fiat</c><00:00:35.000><c> currency</c><00:00:35.800><c> in</c><00:00:35.920><c> your</c><00:00:36.120><c> bank</c><00:00:36.559><c> account</c>

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it's fiat currency in your bank account
 

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it's fiat currency in your bank account
uh<00:00:37.680><c> your</c><00:00:37.960><c> social</c><00:00:38.280><c> graph</c><00:00:39.040><c> concert</c><00:00:39.520><c> tickets</c>

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uh your social graph concert tickets
 

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uh your social graph concert tickets
domains<00:00:41.120><c> Etc</c><00:00:42.120><c> um</c><00:00:42.399><c> these</c><00:00:42.559><c> lead</c><00:00:42.800><c> to</c><00:00:43.079><c> high</c>

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domains Etc um these lead to high
 

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domains Etc um these lead to high
switching<00:00:43.760><c> costs</c><00:00:44.039><c> for</c><00:00:44.200><c> users</c><00:00:44.920><c> for</c><00:00:45.079><c> example</c>

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switching costs for users for example
 

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switching costs for users for example
you<00:00:45.559><c> can't</c><00:00:45.680><c> bring</c><00:00:45.960><c> your</c><00:00:46.079><c> followers</c><00:00:46.800><c> from</c>

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you can't bring your followers from
 

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you can't bring your followers from
Facebook<00:00:47.360><c> to</c><00:00:47.520><c> Twitter</c><00:00:48.440><c> or</c><00:00:48.640><c> and</c><00:00:48.840><c> these</c><00:00:49.320><c> also</c>

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Facebook to Twitter or and these also
 

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Facebook to Twitter or and these also
are<00:00:50.000><c> very</c><00:00:50.280><c> extractive</c><00:00:51.280><c> uh</c><00:00:51.360><c> to</c><00:00:51.559><c> these</c><00:00:51.800><c> users</c>

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are very extractive uh to these users
 

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are very extractive uh to these users
for<00:00:52.719><c> example</c><00:00:53.039><c> Ticket</c><00:00:53.359><c> Master</c><00:00:53.719><c> charges</c><00:00:54.719><c> like</c>

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for example Ticket Master charges like
 

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for example Ticket Master charges like
monopolistic<00:00:55.719><c> prices</c><00:00:56.359><c> because</c><00:00:56.600><c> they</c><00:00:56.760><c> own</c>

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monopolistic prices because they own
 

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monopolistic prices because they own
both<00:00:57.520><c> the</c><00:00:57.719><c> secondary</c><00:00:58.480><c> and</c><00:00:58.680><c> primary</c><00:00:59.640><c> uh</c>

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both the secondary and primary uh
 

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both the secondary and primary uh
exchanges<00:01:01.039><c> and</c><00:01:01.199><c> lastly</c><00:01:01.559><c> there's</c><00:01:01.760><c> like</c><00:01:01.879><c> closed</c>

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exchanges and lastly there's like closed
 

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exchanges and lastly there's like closed
apis<00:01:03.320><c> uh</c><00:01:03.440><c> which</c><00:01:03.600><c> make</c><00:01:03.760><c> it</c><00:01:04.040><c> very</c><00:01:04.479><c> difficult</c><00:01:04.640><c> to</c>

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apis uh which make it very difficult to
 

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apis uh which make it very difficult to
interoperate<00:01:06.000><c> uh</c><00:01:06.119><c> between</c><00:01:06.479><c> payment</c><00:01:06.799><c> apis</c><00:01:07.360><c> for</c>

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interoperate uh between payment apis for
 

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interoperate uh between payment apis for
example<00:01:10.000><c> additionally</c><00:01:10.600><c> if</c><00:01:10.720><c> you</c><00:01:10.840><c> look</c><00:01:10.960><c> at</c><00:01:11.119><c> web</c>

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example additionally if you look at web
 

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example additionally if you look at web
3<00:01:11.799><c> in</c><00:01:11.920><c> our</c><00:01:12.119><c> permissionless</c><00:01:12.759><c> database</c><00:01:13.720><c> uh</c><00:01:13.880><c> the</c>

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3 in our permissionless database uh the
 

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3 in our permissionless database uh the
problem<00:01:14.520><c> is</c><00:01:14.799><c> that</c><00:01:15.320><c> it's</c><00:01:15.520><c> really</c><00:01:15.799><c> detached</c>

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problem is that it's really detached
 

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problem is that it's really detached
from<00:01:16.439><c> The</c><00:01:16.600><c> Real</c><00:01:16.920><c> World</c><00:01:17.920><c> uh</c><00:01:18.040><c> if</c><00:01:18.119><c> you</c><00:01:18.240><c> look</c><00:01:18.360><c> at</c>

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from The Real World uh if you look at
 

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from The Real World uh if you look at
your<00:01:18.600><c> social</c><00:01:19.040><c> graph</c><00:01:19.799><c> stable</c><00:01:20.240><c> coins</c><00:01:21.159><c> like</c>

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your social graph stable coins like
 

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your social graph stable coins like
these<00:01:21.479><c> defi</c><00:01:21.920><c> instruments</c><00:01:22.439><c> and</c><00:01:22.600><c> even</c><00:01:22.840><c> eth</c><00:01:23.720><c> uh</c>

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these defi instruments and even eth uh
 

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these defi instruments and even eth uh
all<00:01:24.079><c> of</c><00:01:24.240><c> its</c><00:01:24.880><c> runs</c><00:01:25.159><c> in</c><00:01:25.280><c> a</c><00:01:25.479><c> parallel</c><00:01:26.040><c> system</c><00:01:26.960><c> in</c>

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all of its runs in a parallel system in
 

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all of its runs in a parallel system in
fact<00:01:27.439><c> most</c><00:01:27.600><c> of</c><00:01:27.799><c> dii</c><00:01:28.280><c> today</c><00:01:28.600><c> is</c><00:01:28.759><c> self</c>

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fact most of dii today is self
 

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fact most of dii today is self
referential

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referential
 

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referential
uh<00:01:31.400><c> and</c><00:01:32.280><c> so</c><00:01:32.560><c> the</c><00:01:32.680><c> solution</c><00:01:33.399><c> here</c><00:01:33.680><c> is</c><00:01:33.840><c> to</c><00:01:34.079><c> bring</c>

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uh and so the solution here is to bring
 

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uh and so the solution here is to bring
the<00:01:34.479><c> real</c><00:01:34.720><c> world</c><00:01:35.000><c> to</c><00:01:35.560><c> ethereum</c><00:01:36.560><c> and</c><00:01:36.799><c> the</c>

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the real world to ethereum and the
 

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the real world to ethereum and the
question<00:01:37.320><c> is</c><00:01:38.040><c> how</c>

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uh<00:01:42.159><c> we</c><00:01:42.280><c> can</c><00:01:43.040><c> break</c><00:01:43.360><c> through</c><00:01:43.680><c> these</c><00:01:43.880><c> kind</c><00:01:44.000><c> of</c>

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uh we can break through these kind of
 

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uh we can break through these kind of
wall<00:01:44.439><c> Gardens</c><00:01:45.079><c> using</c><00:01:45.799><c> cryptography</c><00:01:46.799><c> and</c><00:01:47.040><c> also</c>

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wall Gardens using cryptography and also
 

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wall Gardens using cryptography and also
maybe<00:01:47.719><c> tees</c><00:01:48.719><c> uh</c><00:01:49.200><c> so</c><00:01:49.360><c> we</c><00:01:49.439><c> can</c><00:01:49.600><c> use</c><00:01:49.840><c> ZK</c><00:01:50.240><c> and</c><00:01:50.560><c> MPC</c>

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maybe tees uh so we can use ZK and MPC
 

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maybe tees uh so we can use ZK and MPC
uh<00:01:51.719><c> these</c><00:01:51.880><c> new</c><00:01:52.079><c> technologies</c><00:01:52.799><c> to</c><00:01:53.119><c> allow</c><00:01:53.360><c> us</c><00:01:53.520><c> to</c>

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uh these new technologies to allow us to
 

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uh these new technologies to allow us to
ex<00:01:54.119><c> permissionless</c><00:01:55.000><c> export</c><00:01:55.799><c> uh</c><00:01:55.920><c> data</c><00:01:56.280><c> from</c>

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ex permissionless export uh data from
 

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ex permissionless export uh data from
these<00:01:56.799><c> centralized</c><00:01:57.320><c> data</c><00:01:57.799><c> silos</c><00:01:58.799><c> uh</c>

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these centralized data silos uh
 

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these centralized data silos uh
techniques<00:01:59.439><c> such</c><00:01:59.680><c> as</c><00:02:00.240><c> ZK</c><00:02:00.600><c> email</c><00:02:01.000><c> and</c><00:02:01.119><c> TLS</c>

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techniques such as ZK email and TLS
 

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techniques such as ZK email and TLS
notary<00:02:02.320><c> which</c><00:02:02.520><c> also</c><00:02:02.759><c> can</c><00:02:02.920><c> help</c><00:02:03.119><c> us</c><00:02:03.320><c> redact</c><00:02:03.799><c> any</c>

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notary which also can help us redact any
 

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notary which also can help us redact any
kind<00:02:04.119><c> of</c><00:02:04.320><c> private</c><00:02:05.200><c> sensitive</c><00:02:05.680><c> information</c>

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kind of private sensitive information
 

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kind of private sensitive information
prior<00:02:06.640><c> to</c>

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prior to
 

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prior to
exporting<00:02:08.959><c> uh</c><00:02:09.119><c> check</c><00:02:09.280><c> out</c><00:02:09.440><c> some</c><00:02:09.560><c> of</c><00:02:09.679><c> the</c><00:02:09.800><c> other</c>

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exporting uh check out some of the other
 

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exporting uh check out some of the other
talks<00:02:10.399><c> on</c><00:02:10.560><c> ZK</c><00:02:10.920><c> EML</c><00:02:11.160><c> or</c><00:02:11.280><c> TLS</c><00:02:11.640><c> notary</c><00:02:12.040><c> today</c><00:02:12.319><c> if</c>

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talks on ZK EML or TLS notary today if
 

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talks on ZK EML or TLS notary today if
you<00:02:12.480><c> want</c><00:02:12.599><c> to</c><00:02:12.720><c> learn</c><00:02:13.319><c> more</c>

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you want to learn more
 

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you want to learn more
deeply<00:02:15.680><c> um</c><00:02:16.000><c> but</c><00:02:16.160><c> yeah</c><00:02:16.360><c> now</c><00:02:16.519><c> with</c><00:02:16.720><c> these</c><00:02:16.879><c> tools</c>

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deeply um but yeah now with these tools
 

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deeply um but yeah now with these tools
we<00:02:17.400><c> can</c><00:02:17.599><c> kind</c><00:02:17.720><c> of</c><00:02:18.040><c> compose</c><00:02:19.040><c> any</c><00:02:19.200><c> kind</c><00:02:19.319><c> of</c><00:02:19.440><c> web</c>

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we can kind of compose any kind of web
 

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we can kind of compose any kind of web
two<00:02:19.879><c> action</c><00:02:20.239><c> with</c><00:02:20.440><c> web</c><00:02:20.640><c> 3</c><00:02:20.959><c> action</c><00:02:21.920><c> uh</c><00:02:22.080><c> such</c><00:02:22.280><c> as</c>

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two action with web 3 action uh such as
 

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two action with web 3 action uh such as
proving<00:02:23.360><c> a</c><00:02:23.480><c> Fiat</c><00:02:23.879><c> transfer</c><00:02:24.560><c> using</c><00:02:24.840><c> ZK</c><00:02:25.239><c> email</c>

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proving a Fiat transfer using ZK email
 

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proving a Fiat transfer using ZK email
to<00:02:26.239><c> swap</c><00:02:26.519><c> for</c><00:02:26.680><c> some</c><00:02:26.840><c> stable</c><00:02:27.160><c> coins</c><00:02:27.879><c> uh</c><00:02:28.000><c> on</c>

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to swap for some stable coins uh on
 

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to swap for some stable coins uh on
chain<00:02:29.360><c> or</c><00:02:29.599><c> Pro</c>

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chain or Pro
 

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chain or Pro
uh<00:02:31.319><c> ticket</c><00:02:31.560><c> transfer</c><00:02:32.040><c> using</c><00:02:32.280><c> TS</c><00:02:32.640><c> notary</c><00:02:33.120><c> to</c>

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uh ticket transfer using TS notary to
 

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uh ticket transfer using TS notary to
swap<00:02:33.519><c> for</c><00:02:33.640><c> stable</c><00:02:34.319><c> coins</c><00:02:35.319><c> uh</c><00:02:35.440><c> or</c><00:02:35.560><c> swap</c><00:02:35.879><c> domains</c>

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swap for stable coins uh or swap domains
 

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swap for stable coins uh or swap domains
for<00:02:36.480><c> eth</c><00:02:37.120><c> ETC</c><00:02:37.879><c> or</c><00:02:38.040><c> even</c><00:02:38.239><c> put</c><00:02:38.400><c> a</c><00:02:38.519><c> social</c><00:02:38.879><c> graph</c>

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for eth ETC or even put a social graph
 

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for eth ETC or even put a social graph
inside<00:02:39.519><c> a</c><00:02:39.680><c> te</c><00:02:40.440><c> to</c><00:02:40.599><c> do</c><00:02:40.879><c> some</c><00:02:41.080><c> defi</c><00:02:41.519><c> stuff</c>

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inside a te to do some defi stuff
 

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inside a te to do some defi stuff
with<00:02:44.680><c> uh</c><00:02:44.800><c> an</c><00:02:45.000><c> example</c><00:02:45.640><c> of</c><00:02:46.080><c> this</c><00:02:46.239><c> flow</c><00:02:47.040><c> uh</c><00:02:47.159><c> that</c>

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with uh an example of this flow uh that
 

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with uh an example of this flow uh that
is<00:02:47.360><c> in</c><00:02:47.560><c> production</c><00:02:47.959><c> today</c><00:02:48.400><c> is</c><00:02:48.560><c> ZK</c><00:02:48.840><c> PDP</c><00:02:49.400><c> the</c>

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is in production today is ZK PDP the
 

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is in production today is ZK PDP the
project<00:02:49.879><c> I</c><00:02:50.000><c> work</c><00:02:50.200><c> on</c><00:02:51.159><c> uh</c><00:02:51.319><c> the</c><00:02:51.720><c> problem</c><00:02:52.720><c> uh</c><00:02:53.000><c> that</c>

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project I work on uh the problem uh that
 

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project I work on uh the problem uh that
it<00:02:53.480><c> fixes</c><00:02:53.879><c> some</c><00:02:54.000><c> of</c><00:02:54.120><c> the</c><00:02:54.280><c> issues</c><00:02:54.800><c> I</c><00:02:54.879><c> mentioned</c>

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it fixes some of the issues I mentioned
 

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it fixes some of the issues I mentioned
earlier<00:02:56.080><c> um</c><00:02:56.599><c> such</c><00:02:56.800><c> as</c><00:02:57.080><c> the</c><00:02:57.200><c> high</c><00:02:57.440><c> fees</c><00:02:58.360><c> uh</c><00:02:58.480><c> the</c>

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earlier um such as the high fees uh the
 

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earlier um such as the high fees uh the
construction<00:02:59.239><c> for</c><00:02:59.519><c> this</c><00:03:00.080><c> is</c><00:03:00.280><c> pretty</c><00:03:00.480><c> simple</c>

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construction for this is pretty simple
 

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construction for this is pretty simple
actually<00:03:01.800><c> a</c><00:03:01.959><c> seller</c><00:03:02.319><c> comes</c><00:03:02.599><c> in</c><00:03:03.080><c> escrows</c><00:03:03.560><c> some</c>

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actually a seller comes in escrows some
 

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actually a seller comes in escrows some
funds<00:03:04.400><c> in</c><00:03:04.519><c> a</c><00:03:04.640><c> smart</c><00:03:04.959><c> contract</c><00:03:05.319><c> and</c><00:03:05.480><c> provides</c><00:03:05.760><c> a</c>

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funds in a smart contract and provides a
 

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funds in a smart contract and provides a
payment<00:03:06.200><c> ID</c><00:03:07.000><c> a</c><00:03:07.159><c> buyer</c><00:03:07.440><c> comes</c><00:03:07.640><c> in</c><00:03:08.319><c> pays</c><00:03:08.519><c> a</c>

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payment ID a buyer comes in pays a
 

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payment ID a buyer comes in pays a
seller<00:03:09.200><c> and</c><00:03:09.360><c> uses</c><00:03:09.680><c> that</c><00:03:09.879><c> proof</c><00:03:10.599><c> uh</c><00:03:10.680><c> to</c><00:03:10.840><c> unlock</c>

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seller and uses that proof uh to unlock
 

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seller and uses that proof uh to unlock
the<00:03:11.280><c> escro</c><00:03:11.799><c> contract</c><00:03:12.799><c> uh</c><00:03:12.959><c> kind</c><00:03:13.080><c> of</c><00:03:13.519><c> replaces</c>

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the escro contract uh kind of replaces
 

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the escro contract uh kind of replaces
binance<00:03:14.599><c> or</c><00:03:14.760><c> any</c><00:03:14.920><c> kind</c><00:03:15.040><c> of</c><00:03:15.120><c> centralized</c>

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binance or any kind of centralized
 

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binance or any kind of centralized
exchange<00:03:16.040><c> with</c><00:03:16.200><c> a</c><00:03:16.319><c> smart</c><00:03:16.599><c> contract</c><00:03:17.480><c> and</c>

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exchange with a smart contract and
 

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exchange with a smart contract and
replaces<00:03:18.040><c> the</c><00:03:18.200><c> manual</c><00:03:18.680><c> process</c><00:03:19.159><c> of</c><00:03:19.319><c> unlocking</c>

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replaces the manual process of unlocking
 

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replaces the manual process of unlocking
the<00:03:20.120><c> escrow</c><00:03:21.120><c> uh</c><00:03:21.599><c> with</c><00:03:21.840><c> instant</c><00:03:22.400><c> unlock</c><00:03:23.040><c> upon</c>

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the escrow uh with instant unlock upon
 

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the escrow uh with instant unlock upon
satisfying<00:03:23.879><c> a</c>

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predicate<00:03:27.400><c> this</c><00:03:27.680><c> construction</c><00:03:28.319><c> extends</c>

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predicate this construction extends
 

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predicate this construction extends
Beyond<00:03:29.120><c> Fiat</c><00:03:29.879><c> uh</c><00:03:30.040><c> simply</c><00:03:30.400><c> replace</c><00:03:31.400><c> the</c>

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Beyond Fiat uh simply replace the
 

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Beyond Fiat uh simply replace the
offchain<00:03:32.000><c> payment</c><00:03:32.560><c> with</c><00:03:32.680><c> a</c><00:03:32.799><c> digital</c><00:03:33.200><c> asset</c>

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offchain payment with a digital asset
 

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offchain payment with a digital asset
transfer<00:03:34.000><c> and</c><00:03:34.120><c> a</c><00:03:34.200><c> proof</c><00:03:34.400><c> of</c><00:03:34.560><c> payment</c><00:03:34.879><c> with</c><00:03:35.000><c> a</c>

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transfer and a proof of payment with a
 

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transfer and a proof of payment with a
proof<00:03:35.319><c> of</c><00:03:35.480><c> asset</c><00:03:35.760><c> transfer</c><00:03:36.720><c> now</c><00:03:36.879><c> you</c><00:03:36.959><c> can</c><00:03:37.120><c> kind</c>

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proof of asset transfer now you can kind
 

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proof of asset transfer now you can kind
of<00:03:37.319><c> do</c><00:03:37.480><c> PDP</c><00:03:38.439><c> trading</c><00:03:38.879><c> tickets</c><00:03:39.439><c> trading</c>

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of do PDP trading tickets trading
 

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of do PDP trading tickets trading
domains<00:03:41.159><c> trade</c><00:03:41.519><c> social</c><00:03:41.799><c> media</c><00:03:42.200><c> handles</c><00:03:42.760><c> csgo</c>

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domains trade social media handles csgo
 

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domains trade social media handles csgo
skins<00:03:44.439><c> uh</c><00:03:44.560><c> gift</c><00:03:44.799><c> cards</c><00:03:45.080><c> and</c><00:03:45.239><c> much</c>

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skins uh gift cards and much
 

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skins uh gift cards and much
more<00:03:48.439><c> you</c><00:03:48.519><c> can</c><00:03:49.040><c> even</c><00:03:49.280><c> further</c><00:03:49.680><c> extend</c><00:03:50.280><c> this</c>

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more you can even further extend this
 

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more you can even further extend this
construction<00:03:51.439><c> if</c><00:03:51.640><c> you</c><00:03:52.560><c> if</c><00:03:52.720><c> you</c><00:03:53.040><c> trust</c><00:03:53.760><c> tees</c><00:03:54.319><c> as</c>

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construction if you if you trust tees as
 

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construction if you if you trust tees as
a<00:03:54.519><c> credit</c><00:03:54.799><c> po</c><00:03:55.000><c> third</c><00:03:55.200><c> party</c><00:03:56.000><c> you</c><00:03:56.120><c> can</c><00:03:56.400><c> kind</c><00:03:56.480><c> of</c>

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a credit po third party you can kind of
 

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a credit po third party you can kind of
encumber<00:03:57.200><c> a</c><00:03:57.360><c> web</c><00:03:57.599><c> 2</c><00:03:57.959><c> account</c><00:03:58.519><c> put</c><00:03:58.640><c> it</c><00:03:58.799><c> inside</c><00:03:59.040><c> a</c>

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encumber a web 2 account put it inside a
 

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encumber a web 2 account put it inside a
te<00:04:00.040><c> and</c><00:04:00.280><c> act</c><00:04:00.599><c> that</c><00:04:00.920><c> act</c><00:04:01.120><c> as</c><00:04:01.200><c> a</c><00:04:01.360><c> escrow</c><00:04:01.760><c> for</c><00:04:01.920><c> the</c>

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te and act that act as a escrow for the
 

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te and act that act as a escrow for the
web<00:04:02.200><c> 2</c><00:04:02.480><c> asset</c><00:04:03.439><c> and</c><00:04:03.640><c> both</c><00:04:03.840><c> seller</c><00:04:04.159><c> and</c><00:04:04.319><c> buyer</c>

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web 2 asset and both seller and buyer
 

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web 2 asset and both seller and buyer
send<00:04:04.879><c> requests</c><00:04:05.519><c> through</c><00:04:05.720><c> the</c><00:04:05.920><c> te</c><00:04:06.920><c> uh</c><00:04:07.040><c> once</c><00:04:07.280><c> the</c>

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send requests through the te uh once the
 

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send requests through the te uh once the
te<00:04:07.799><c> owns</c><00:04:08.159><c> both</c><00:04:08.319><c> funds</c><00:04:08.879><c> and</c><00:04:09.000><c> the</c><00:04:09.079><c> web</c><00:04:09.280><c> two</c><00:04:09.560><c> asset</c>

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te owns both funds and the web two asset
 

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te owns both funds and the web two asset
say<00:04:10.400><c> tickets</c><00:04:11.319><c> uh</c><00:04:11.439><c> then</c><00:04:11.599><c> they</c><00:04:11.680><c> can</c><00:04:11.840><c> proceed</c><00:04:12.159><c> to</c>

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say tickets uh then they can proceed to
 

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say tickets uh then they can proceed to
unlock<00:04:12.599><c> funds</c><00:04:12.920><c> to</c><00:04:13.120><c> both</c>

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parties<00:04:16.759><c> uh</c><00:04:17.199><c> yeah</c><00:04:17.440><c> now</c><00:04:17.840><c> you</c><00:04:18.000><c> kind</c><00:04:18.120><c> of</c><00:04:18.239><c> can</c><00:04:18.359><c> see</c>

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parties uh yeah now you kind of can see
 

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parties uh yeah now you kind of can see
the<00:04:18.759><c> web</c><00:04:18.959><c> 2</c><00:04:19.160><c> account</c><00:04:19.359><c> is</c><00:04:19.519><c> fully</c><00:04:19.880><c> programmable</c>

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the web 2 account is fully programmable
 

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the web 2 account is fully programmable
you<00:04:20.759><c> can</c><00:04:20.880><c> do</c><00:04:21.000><c> some</c><00:04:21.160><c> weird</c><00:04:21.479><c> stuff</c><00:04:21.720><c> like</c><00:04:21.880><c> make</c>

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you can do some weird stuff like make
 

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you can do some weird stuff like make
the<00:04:22.199><c> te</c><00:04:22.560><c> run</c><00:04:22.720><c> a</c><00:04:22.880><c> amm</c><00:04:23.280><c> pricing</c><00:04:23.600><c> model</c><00:04:24.040><c> for</c><00:04:24.240><c> exam</c>

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the te run a amm pricing model for exam
 

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the te run a amm pricing model for exam
for

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example<00:04:28.199><c> yeah</c><00:04:28.360><c> in</c><00:04:28.520><c> conclusion</c><00:04:29.440><c> uh</c><00:04:29.560><c> this</c>

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example yeah in conclusion uh this
 

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example yeah in conclusion uh this
design<00:04:29.960><c> space</c><00:04:30.199><c> is</c><00:04:30.400><c> huge</c><00:04:31.160><c> to</c><00:04:31.320><c> do</c><00:04:31.680><c> trust</c>

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design space is huge to do trust
 

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design space is huge to do trust
minimized<00:04:32.560><c> marketplaces</c><00:04:33.560><c> uh</c><00:04:33.680><c> the</c><00:04:33.800><c> tech</c><00:04:34.080><c> here</c>

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minimized marketplaces uh the tech here
 

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minimized marketplaces uh the tech here
is<00:04:34.520><c> ready</c><00:04:35.320><c> uh</c><00:04:35.440><c> Dev</c><00:04:35.680><c> tooling</c><00:04:36.039><c> will</c><00:04:36.240><c> continue</c><00:04:36.600><c> to</c>

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is ready uh Dev tooling will continue to
 

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is ready uh Dev tooling will continue to
only<00:04:37.000><c> get</c><00:04:37.240><c> better</c><00:04:38.240><c> and</c><00:04:38.560><c> instead</c><00:04:38.800><c> of</c><00:04:39.000><c> only</c>

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only get better and instead of only
 

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only get better and instead of only
bring<00:04:39.880><c> ethereum</c><00:04:40.360><c> to</c><00:04:40.520><c> the</c><00:04:40.680><c> real</c><00:04:40.919><c> world</c><00:04:41.520><c> I</c><00:04:41.600><c> think</c>

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bring ethereum to the real world I think
 

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bring ethereum to the real world I think
it's<00:04:41.919><c> time</c><00:04:42.120><c> to</c><00:04:42.440><c> bring</c><00:04:43.120><c> some</c><00:04:43.280><c> of</c><00:04:43.400><c> the</c><00:04:43.520><c> real</c>

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it's time to bring some of the real
 

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it's time to bring some of the real
world<00:04:44.000><c> onto</c>

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world onto
 

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world onto
ethereum<00:04:46.199><c> uh</c><00:04:46.360><c> thank</c><00:04:46.560><c> you</c><00:04:46.960><c> and</c><00:04:47.160><c> that's</c>

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ethereum uh thank you and that's
 

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ethereum uh thank you and that's
it<00:04:50.120><c> thank</c><00:04:50.280><c> you</c><00:04:50.560><c> Richard</c><00:04:51.560><c> do</c><00:04:51.720><c> we</c><00:04:51.880><c> have</c><00:04:52.080><c> any</c>

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it thank you Richard do we have any
 

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it thank you Richard do we have any
questions<00:04:55.400><c> shy</c><00:04:55.840><c> crowd</c><00:04:56.199><c> today</c><00:04:56.639><c> come</c><00:04:56.720><c> on</c><00:04:57.080><c> guys</c>

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graphic<00:05:11.199><c> of</c><00:05:11.320><c> the</c><00:05:11.479><c> P2P</c><00:05:12.240><c> Marketplace</c><00:05:13.240><c> I</c><00:05:13.320><c> don't</c>

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graphic of the P2P Marketplace I don't
 

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graphic of the P2P Marketplace I don't
even<00:05:13.680><c> know</c><00:05:13.880><c> if</c><00:05:13.960><c> you</c><00:05:14.160><c> have</c><00:05:14.320><c> the</c><00:05:14.479><c> ability</c><00:05:14.840><c> to</c><00:05:15.039><c> go</c>

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even know if you have the ability to go
 

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even know if you have the ability to go
back<00:05:15.520><c> in</c><00:05:15.880><c> slides</c><00:05:16.639><c> yeah</c><00:05:17.639><c> sorry</c><00:05:17.880><c> is</c><00:05:18.000><c> this</c><00:05:18.120><c> better</c>

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back in slides yeah sorry is this better
 

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back in slides yeah sorry is this better
yeah<00:05:18.759><c> yeah</c><00:05:18.880><c> if</c><00:05:19.120><c> if</c><00:05:19.199><c> you</c><00:05:19.280><c> can't</c><00:05:19.440><c> go</c><00:05:19.600><c> back</c><00:05:19.840><c> that's</c>

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yeah yeah if if you can't go back that's
 

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yeah yeah if if you can't go back that's
okay<00:05:20.240><c> I</c><00:05:20.319><c> was</c><00:05:20.720><c> GNA</c><00:05:20.919><c> ask</c><00:05:21.039><c> something</c><00:05:21.280><c> about</c><00:05:21.440><c> it</c>

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okay I was GNA ask something about it
 

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okay I was GNA ask something about it
but<00:05:21.639><c> it</c><00:05:21.720><c> doesn't</c>

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but it doesn't
 

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but it doesn't
matter<00:05:24.080><c> yeah</c><00:05:24.479><c> I</c><00:05:24.560><c> don't</c><00:05:24.680><c> think</c><00:05:24.840><c> we</c><00:05:24.960><c> can</c><00:05:25.360><c> maybe</c>

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matter yeah I don't think we can maybe
 

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matter yeah I don't think we can maybe
you<00:05:25.680><c> can</c><00:05:25.840><c> just</c><00:05:26.199><c> talk</c><00:05:26.440><c> to</c><00:05:26.639><c> it</c>

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okay<00:05:32.880><c> any</c><00:05:33.160><c> particular</c><00:05:33.600><c> use</c><00:05:34.000><c> cases</c><00:05:34.360><c> you're</c>

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okay any particular use cases you're
 

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okay any particular use cases you're
most<00:05:34.960><c> excited</c><00:05:35.440><c> about</c><00:05:35.960><c> like</c><00:05:36.120><c> in</c><00:05:36.280><c> terms</c><00:05:36.520><c> of</c>

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most excited about like in terms of
 

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most excited about like in terms of
future<00:05:37.240><c> of</c><00:05:37.680><c> peer-to-peer</c>

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future of peer-to-peer
 

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future of peer-to-peer
marketplaces<00:05:40.800><c> uh</c><00:05:41.000><c> I</c><00:05:41.199><c> think</c><00:05:42.199><c> there's</c><00:05:42.400><c> just</c><00:05:42.560><c> a</c>

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marketplaces uh I think there's just a
 

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marketplaces uh I think there's just a
lot<00:05:42.800><c> of</c><00:05:42.960><c> ideas</c><00:05:43.360><c> out</c><00:05:43.560><c> there</c><00:05:43.960><c> like</c><00:05:44.280><c> you</c><00:05:44.360><c> can</c><00:05:44.600><c> put</c>

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lot of ideas out there like you can put
 

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lot of ideas out there like you can put
almost<00:05:45.199><c> any</c><00:05:45.800><c> internet</c><00:05:46.199><c> data</c><00:05:46.600><c> on</c><00:05:46.800><c> chain</c><00:05:47.280><c> and</c>

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almost any internet data on chain and
 

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almost any internet data on chain and
use<00:05:47.720><c> it</c><00:05:48.720><c> uh</c><00:05:49.120><c> like</c><00:05:49.560><c> use</c><00:05:50.199><c> yeah</c><00:05:50.360><c> trade</c><00:05:50.759><c> trade</c><00:05:51.000><c> any</c>

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use it uh like use yeah trade trade any
 

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use it uh like use yeah trade trade any
kind<00:05:51.280><c> of</c><00:05:51.400><c> web</c><00:05:51.560><c> to</c><00:05:51.840><c> asset</c><00:05:52.280><c> or</c><00:05:52.440><c> even</c><00:05:52.720><c> data</c><00:05:53.479><c> and</c>

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kind of web to asset or even data and
 

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kind of web to asset or even data and
anything<00:05:54.479><c> that</c><00:05:54.680><c> you</c><00:05:54.800><c> think</c><00:05:55.039><c> has</c><00:05:55.240><c> value</c><00:05:55.560><c> on</c><00:05:55.720><c> an</c>

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anything that you think has value on an
 

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anything that you think has value on an
internet<00:05:56.400><c> you</c><00:05:56.520><c> can</c><00:05:56.639><c> kind</c><00:05:56.759><c> of</c><00:05:56.840><c> bring</c><00:05:57.039><c> into</c>

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internet you can kind of bring into
 

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internet you can kind of bring into
onchain<00:05:57.639><c> to</c><00:05:57.759><c> do</c><00:05:57.919><c> cool</c><00:05:58.120><c> stuff</c><00:05:58.479><c> with</c><00:05:59.479><c> yeah</c><00:05:59.680><c> yeah</c>

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onchain to do cool stuff with yeah yeah
 

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onchain to do cool stuff with yeah yeah
love<00:06:00.120><c> to</c><00:06:00.240><c> see</c><00:06:00.440><c> it</c><00:06:00.720><c> I</c><00:06:00.800><c> mean</c><00:06:01.080><c> just</c><00:06:01.400><c> the</c><00:06:02.400><c> like</c><00:06:02.560><c> you</c>

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love to see it I mean just the like you
 

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love to see it I mean just the like you
said<00:06:02.960><c> Ticket</c><00:06:03.280><c> Master</c><00:06:03.680><c> I</c><00:06:03.759><c> think</c><00:06:03.919><c> a</c><00:06:04.080><c> prime</c>

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said Ticket Master I think a prime
 

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said Ticket Master I think a prime
example<00:06:04.840><c> of</c><00:06:05.120><c> just</c><00:06:05.440><c> like</c><00:06:06.160><c> marketplaces</c><00:06:06.919><c> that</c>

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example of just like marketplaces that
 

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example of just like marketplaces that
are<00:06:07.520><c> absolutely</c><00:06:08.039><c> using</c><00:06:08.520><c> monop</c><00:06:09.120><c> monopolistic</c>

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are absolutely using monop monopolistic
 

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are absolutely using monop monopolistic
pricing<00:06:10.639><c> to</c><00:06:10.840><c> just</c><00:06:11.080><c> gouge</c><00:06:11.800><c> consumers</c><00:06:12.800><c> and</c><00:06:13.120><c> what</c>

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pricing to just gouge consumers and what
 

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pricing to just gouge consumers and what
is<00:06:13.680><c> becoming</c><00:06:14.440><c> yeah</c><00:06:14.680><c> a</c><00:06:14.840><c> very</c><00:06:15.000><c> much</c>

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is becoming yeah a very much
 

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is becoming yeah a very much
frictionless<00:06:16.400><c> process</c><00:06:16.840><c> to</c><00:06:16.960><c> do</c><00:06:17.199><c> straight</c>

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frictionless process to do straight
 

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frictionless process to do straight
straight<00:06:17.960><c> Peter</c><00:06:18.599><c> peer</c><00:06:19.599><c> um</c><00:06:20.240><c> I</c><00:06:20.360><c> guess</c><00:06:20.520><c> a</c>

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straight Peter peer um I guess a
 

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straight Peter peer um I guess a
question<00:06:21.199><c> have</c><00:06:21.319><c> you</c><00:06:21.440><c> seen</c><00:06:21.720><c> any</c><00:06:22.039><c> regulatory</c>

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question have you seen any regulatory
 

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question have you seen any regulatory
issues<00:06:24.360><c> um</c><00:06:24.800><c> how</c><00:06:24.960><c> are</c><00:06:25.120><c> you</c><00:06:25.440><c> thinking</c><00:06:25.720><c> about</c>

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issues um how are you thinking about
 

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issues um how are you thinking about
navigating<00:06:27.080><c> that</c><00:06:28.080><c> uh</c><00:06:29.039><c> yeah</c><00:06:29.360><c> I</c><00:06:29.400><c> think</c><00:06:29.919><c> think</c>

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navigating that uh yeah I think think
 

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navigating that uh yeah I think think
um<00:06:33.360><c> there</c><00:06:34.000><c> haven't</c><00:06:34.319><c> been</c><00:06:34.599><c> so</c><00:06:34.880><c> far</c><00:06:35.280><c> I</c><00:06:35.360><c> think</c><00:06:35.639><c> P2P</c>

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um there haven't been so far I think P2P
 

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um there haven't been so far I think P2P
is<00:06:36.599><c> a</c><00:06:37.599><c> legally</c><00:06:38.120><c> I</c><00:06:38.199><c> guess</c><00:06:38.400><c> gray</c><00:06:38.720><c> area</c><00:06:39.120><c> kind</c><00:06:39.240><c> of</c>

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is a legally I guess gray area kind of
 

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is a legally I guess gray area kind of
thing<00:06:39.960><c> uh</c><00:06:40.080><c> you</c><00:06:40.199><c> are</c><00:06:40.440><c> allowed</c><00:06:40.759><c> to</c><00:06:41.240><c> transact</c>

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thing uh you are allowed to transact
 

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thing uh you are allowed to transact
with<00:06:42.560><c> like</c><00:06:42.720><c> your</c><00:06:42.919><c> peer</c><00:06:43.400><c> for</c><00:06:43.560><c> example</c><00:06:43.880><c> Facebook</c>

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with like your peer for example Facebook
 

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with like your peer for example Facebook
Marketplace<00:06:45.160><c> is</c><00:06:45.720><c> like</c><00:06:45.840><c> a</c><00:06:46.039><c> huge</c><00:06:46.520><c> P2P</c>

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Marketplace is like a huge P2P
 

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Marketplace is like a huge P2P
Marketplace<00:06:47.880><c> and</c><00:06:48.000><c> we're</c><00:06:48.199><c> just</c><00:06:48.400><c> basically</c>

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Marketplace and we're just basically
 

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Marketplace and we're just basically
enabling<00:06:50.280><c> uh</c><00:06:50.400><c> the</c><00:06:50.520><c> coordination</c><00:06:51.120><c> of</c><00:06:51.319><c> that</c><00:06:51.680><c> to</c>

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enabling uh the coordination of that to
 

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enabling uh the coordination of that to
be<00:06:52.000><c> easier</c><00:06:52.680><c> through</c><00:06:53.039><c> onchain</c><00:06:53.680><c> means</c><00:06:54.520><c> on</c>

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be easier through onchain means on
 

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be easier through onchain means on
ethereum<00:06:57.720><c> totally</c>

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ethereum totally
 

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ethereum totally
all<00:07:00.039><c> right</c><00:07:00.840><c> thank</c><00:07:01.000><c> you</c><00:07:01.160><c> Richard</c><00:07:01.840><c> appreciate</c>

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all right thank you Richard appreciate
 

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all right thank you Richard appreciate
it<00:07:02.440><c> give</c><00:07:02.560><c> it</c><00:07:02.680><c> up</c>