WEBVTT Kind: captions Language: en 00:00:00.210 --> 00:00:20.030 align:start position:0% [Music] 00:00:20.030 --> 00:00:20.040 align:start position:0% 00:00:20.040 --> 00:00:26.530 align:start position:0% [Applause] 00:00:26.530 --> 00:00:26.540 align:start position:0% 00:00:26.540 --> 00:00:29.600 align:start position:0% the<00:00:27.540> decentralization<00:00:28.350> ethos<00:00:28.830> arose<00:00:29.190> over 00:00:29.600 --> 00:00:29.610 align:start position:0% the decentralization ethos arose over 00:00:29.610 --> 00:00:31.640 align:start position:0% the decentralization ethos arose over recent<00:00:30.000> years<00:00:30.210> due<00:00:30.510> to<00:00:30.630> a<00:00:30.660> backlash<00:00:31.110> with 00:00:31.640 --> 00:00:31.650 align:start position:0% recent years due to a backlash with 00:00:31.650 --> 00:00:33.260 align:start position:0% recent years due to a backlash with respect<00:00:32.070> to<00:00:32.160> the<00:00:32.250> operating<00:00:32.730> structure<00:00:33.059> of 00:00:33.260 --> 00:00:33.270 align:start position:0% respect to the operating structure of 00:00:33.270 --> 00:00:35.570 align:start position:0% respect to the operating structure of the<00:00:33.360> financial<00:00:33.870> world<00:00:33.960> loss<00:00:34.860> of<00:00:35.070> trust<00:00:35.250> and 00:00:35.570 --> 00:00:35.580 align:start position:0% the financial world loss of trust and 00:00:35.580 --> 00:00:37.549 align:start position:0% the financial world loss of trust and centralized<00:00:36.030> institutions<00:00:36.900> like<00:00:37.140> national 00:00:37.549 --> 00:00:37.559 align:start position:0% centralized institutions like national 00:00:37.559 --> 00:00:39.350 align:start position:0% centralized institutions like national governments<00:00:38.040> and<00:00:38.250> the<00:00:38.400> hypothesis<00:00:39.120> that 00:00:39.350 --> 00:00:39.360 align:start position:0% governments and the hypothesis that 00:00:39.360 --> 00:00:41.150 align:start position:0% governments and the hypothesis that top-down<00:00:39.900> command<00:00:40.440> and<00:00:40.559> control<00:00:40.680> may<00:00:41.070> have 00:00:41.150 --> 00:00:41.160 align:start position:0% top-down command and control may have 00:00:41.160 --> 00:00:43.760 align:start position:0% top-down command and control may have served<00:00:41.400> humanity<00:00:42.059> well<00:00:42.300> when<00:00:43.110> communication 00:00:43.760 --> 00:00:43.770 align:start position:0% served humanity well when communication 00:00:43.770 --> 00:00:45.080 align:start position:0% served humanity well when communication and<00:00:43.890> decision-making<00:00:44.340> were<00:00:44.760> slow<00:00:45.059> and 00:00:45.080 --> 00:00:45.090 align:start position:0% and decision-making were slow and 00:00:45.090 --> 00:00:47.900 align:start position:0% and decision-making were slow and expensive<00:00:45.559> but<00:00:46.559> now<00:00:46.710> we<00:00:46.770> have<00:00:47.070> global<00:00:47.520> instant 00:00:47.900 --> 00:00:47.910 align:start position:0% expensive but now we have global instant 00:00:47.910 --> 00:00:49.729 align:start position:0% expensive but now we have global instant comms<00:00:48.210> and<00:00:48.570> can<00:00:48.960> make<00:00:49.110> decisions<00:00:49.559> together 00:00:49.729 --> 00:00:49.739 align:start position:0% comms and can make decisions together 00:00:49.739 --> 00:00:52.460 align:start position:0% comms and can make decisions together within<00:00:50.100> 15<00:00:50.610> seconds<00:00:51.030> on<00:00:51.150> aetherium<00:00:51.510> even<00:00:52.379> if 00:00:52.460 --> 00:00:52.470 align:start position:0% within 15 seconds on aetherium even if 00:00:52.470 --> 00:00:54.229 align:start position:0% within 15 seconds on aetherium even if up<00:00:52.590> to<00:00:52.739> half<00:00:52.920> half<00:00:53.460> of<00:00:53.640> the<00:00:53.730> actors<00:00:54.030> on<00:00:54.150> the 00:00:54.229 --> 00:00:54.239 align:start position:0% up to half half of the actors on the 00:00:54.239 --> 00:00:56.180 align:start position:0% up to half half of the actors on the network<00:00:54.510> or<00:00:54.660> malicious<00:00:55.080> this<00:00:55.890> makes 00:00:56.180 --> 00:00:56.190 align:start position:0% network or malicious this makes 00:00:56.190 --> 00:00:57.890 align:start position:0% network or malicious this makes decentralization<00:00:57.030> as<00:00:57.300> an<00:00:57.449> organizing 00:00:57.890 --> 00:00:57.900 align:start position:0% decentralization as an organizing 00:00:57.900 --> 00:00:59.810 align:start position:0% decentralization as an organizing principle<00:00:58.229> viable<00:00:59.040> for<00:00:59.309> all<00:00:59.400> sorts<00:00:59.670> of 00:00:59.810 --> 00:00:59.820 align:start position:0% principle viable for all sorts of 00:00:59.820 --> 00:01:02.689 align:start position:0% principle viable for all sorts of systems<00:01:00.890> hierarchical<00:01:01.890> organizational 00:01:02.689 --> 00:01:02.699 align:start position:0% systems hierarchical organizational 00:01:02.699 --> 00:01:05.149 align:start position:0% systems hierarchical organizational structures<00:01:03.120> are<00:01:03.299> often<00:01:03.720> rigid<00:01:04.199> not<00:01:04.350> agile<00:01:04.890> or 00:01:05.149 --> 00:01:05.159 align:start position:0% structures are often rigid not agile or 00:01:05.159 --> 00:01:07.039 align:start position:0% structures are often rigid not agile or responsive<00:01:05.790> they<00:01:06.120> suffer<00:01:06.450> from<00:01:06.479> decision 00:01:07.039 --> 00:01:07.049 align:start position:0% responsive they suffer from decision 00:01:07.049 --> 00:01:09.080 align:start position:0% responsive they suffer from decision making<00:01:07.380> near<00:01:07.530> the<00:01:07.680> top<00:01:07.890> far<00:01:08.700> from<00:01:08.970> the 00:01:09.080 --> 00:01:09.090 align:start position:0% making near the top far from the 00:01:09.090 --> 00:01:11.330 align:start position:0% making near the top far from the situated<00:01:09.479> awareness<00:01:10.130> managers<00:01:11.130> and 00:01:11.330 --> 00:01:11.340 align:start position:0% situated awareness managers and 00:01:11.340 --> 00:01:13.340 align:start position:0% situated awareness managers and hierarchies<00:01:11.850> tend<00:01:12.120> to<00:01:12.210> silo<00:01:12.570> information<00:01:13.170> to 00:01:13.340 --> 00:01:13.350 align:start position:0% hierarchies tend to silo information to 00:01:13.350 --> 00:01:15.920 align:start position:0% hierarchies tend to silo information to keep<00:01:13.560> power<00:01:14.060> decision-making<00:01:15.060> is<00:01:15.330> often<00:01:15.630> slow 00:01:15.920 --> 00:01:15.930 align:start position:0% keep power decision-making is often slow 00:01:15.930 --> 00:01:18.590 align:start position:0% keep power decision-making is often slow because<00:01:16.380> the<00:01:16.590> authority<00:01:17.040> to<00:01:17.280> do<00:01:17.460> so<00:01:17.700> is<00:01:18.240> layers 00:01:18.590 --> 00:01:18.600 align:start position:0% because the authority to do so is layers 00:01:18.600 --> 00:01:21.020 align:start position:0% because the authority to do so is layers above<00:01:19.250> creative<00:01:20.250> problem-solving<00:01:20.880> and 00:01:21.020 --> 00:01:21.030 align:start position:0% above creative problem-solving and 00:01:21.030 --> 00:01:23.330 align:start position:0% above creative problem-solving and innovation<00:01:21.659> don't<00:01:22.320> tend<00:01:22.560> to<00:01:22.650> thrive<00:01:22.979> or 00:01:23.330 --> 00:01:23.340 align:start position:0% innovation don't tend to thrive or 00:01:23.340 --> 00:01:25.670 align:start position:0% innovation don't tend to thrive or survive<00:01:23.729> in<00:01:24.000> rigid<00:01:24.330> hierarchy<00:01:24.900> it<00:01:25.350> can<00:01:25.560> be 00:01:25.670 --> 00:01:25.680 align:start position:0% survive in rigid hierarchy it can be 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flatter<00:01:35.039> more<00:01:35.460> fluid<00:01:35.850> and 00:01:35.929 --> 00:01:35.939 align:start position:0% systems can be flatter more fluid and 00:01:35.939 --> 00:01:38.959 align:start position:0% systems can be flatter more fluid and more<00:01:36.030> effective<00:01:36.630> we<00:01:37.619> and<00:01:37.979> our<00:01:38.340> many<00:01:38.520> cousins 00:01:38.959 --> 00:01:38.969 align:start position:0% more effective we and our many cousins 00:01:38.969 --> 00:01:41.240 align:start position:0% more effective we and our many cousins in<00:01:39.119> the<00:01:39.149> decentralization<00:01:39.960> ecosystem<00:01:40.799> have 00:01:41.240 --> 00:01:41.250 align:start position:0% in the decentralization ecosystem have 00:01:41.250 --> 00:01:43.669 align:start position:0% in the decentralization ecosystem have much<00:01:41.520> to<00:01:41.759> explore<00:01:42.179> together<00:01:42.420> the<00:01:43.320> theorem 00:01:43.669 --> 00:01:43.679 align:start position:0% much to explore together the theorem 00:01:43.679 --> 00:01:45.560 align:start position:0% much to explore together the theorem project<00:01:44.100> and<00:01:44.250> community<00:01:44.700> are<00:01:44.820> dedicated<00:01:45.420> to 00:01:45.560 --> 00:01:45.570 align:start position:0% project and community are dedicated to 00:01:45.570 --> 00:01:47.539 align:start position:0% project and community are dedicated to radical<00:01:46.079> decentralization<00:01:46.920> as<00:01:47.280> much 00:01:47.539 --> 00:01:47.549 align:start position:0% radical decentralization as much 00:01:47.549 --> 00:01:50.200 align:start position:0% radical decentralization as much decentralization<00:01:48.390> as<00:01:48.750> is<00:01:49.079> practical 00:01:50.200 --> 00:01:50.210 align:start position:0% decentralization as is practical 00:01:50.210 --> 00:01:52.490 align:start position:0% decentralization as is practical the<00:01:51.210> theorem<00:01:51.420> governance<00:01:51.899> in<00:01:52.170> forward 00:01:52.490 --> 00:01:52.500 align:start position:0% the theorem governance in forward 00:01:52.500 --> 00:01:54.649 align:start position:0% the theorem governance in forward progress<00:01:52.710> of<00:01:53.100> the<00:01:53.159> platform<00:01:53.700> is<00:01:53.999> proceeding 00:01:54.649 --> 00:01:54.659 align:start position:0% progress of the platform is proceeding 00:01:54.659 --> 00:01:56.389 align:start position:0% progress of the platform is proceeding in<00:01:54.749> a<00:01:54.840> decentralized<00:01:55.200> fashion<00:01:55.950> as<00:01:56.130> it<00:01:56.249> always 00:01:56.389 --> 00:01:56.399 align:start position:0% in a decentralized fashion as it always 00:01:56.399 --> 00:01:59.660 align:start position:0% in a decentralized fashion as it always had<00:01:56.729> with<00:01:57.479> many<00:01:57.630> classes<00:01:58.229> of<00:01:58.259> actor<00:01:58.710> core<00:01:59.460> devs 00:01:59.660 --> 00:01:59.670 align:start position:0% had with many classes of actor core devs 00:01:59.670 --> 00:02:01.669 align:start position:0% had with many classes of actor core devs devs<00:02:00.030> researchers<00:02:00.749> security<00:02:01.289> auditors 00:02:01.669 --> 00:02:01.679 align:start position:0% devs researchers security auditors 00:02:01.679 --> 00:02:04.310 align:start position:0% devs researchers security auditors miners<00:02:02.280> pools<00:02:02.670> exchanges<00:02:03.570> hardware 00:02:04.310 --> 00:02:04.320 align:start position:0% miners pools exchanges hardware 00:02:04.320 --> 00:02:06.770 align:start position:0% miners pools exchanges hardware manufacturers<00:02:05.070> software<00:02:05.490> firms<00:02:05.729> the<00:02:06.420> vocal 00:02:06.770 --> 00:02:06.780 align:start position:0% manufacturers software firms the vocal 00:02:06.780 --> 00:02:09.710 align:start position:0% manufacturers software firms the vocal community<00:02:07.289> industry<00:02:07.890> pundits<00:02:08.720> regulators 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time to do a bit of research 00:02:24.370 --> 00:02:24.380 align:start position:0% research 00:02:24.380 --> 00:02:27.110 align:start position:0% research Vlad's<00:02:25.380> governance<00:02:25.860> 101<00:02:26.340> post<00:02:26.640> recently 00:02:27.110 --> 00:02:27.120 align:start position:0% Vlad's governance 101 post recently 00:02:27.120 --> 00:02:29.450 align:start position:0% Vlad's governance 101 post recently kicked<00:02:27.569> off<00:02:27.750> a<00:02:28.020> new<00:02:28.050> round<00:02:28.710> of<00:02:29.010> fruitful 00:02:29.450 --> 00:02:29.460 align:start position:0% kicked off a new round of fruitful 00:02:29.460 --> 00:02:32.210 align:start position:0% kicked off a new round of fruitful discussions<00:02:30.000> we<00:02:30.930> have<00:02:31.020> all<00:02:31.170> much<00:02:31.680> work<00:02:31.950> to<00:02:32.100> do 00:02:32.210 --> 00:02:32.220 align:start position:0% discussions we have all much work to do 00:02:32.220 --> 00:02:34.070 align:start position:0% discussions we have all much work to do on<00:02:32.340> this<00:02:32.459> front<00:02:32.760> fortunately<00:02:33.599> it's 00:02:34.070 --> 00:02:34.080 align:start position:0% on this front fortunately it's 00:02:34.080 --> 00:02:36.500 align:start position:0% on this front fortunately it's proceeding<00:02:34.650> in<00:02:34.739> a<00:02:34.830> decentralized<00:02:35.489> fashion 00:02:36.500 --> 00:02:36.510 align:start position:0% proceeding in a decentralized fashion 00:02:36.510 --> 00:02:38.780 align:start position:0% proceeding in a decentralized fashion as<00:02:36.569> an<00:02:37.200> aside<00:02:37.500> and<00:02:37.799> before<00:02:38.069> I<00:02:38.099> dive<00:02:38.340> into<00:02:38.580> the 00:02:38.780 --> 00:02:38.790 align:start position:0% as an aside and before I dive into the 00:02:38.790 --> 00:02:41.149 align:start position:0% as an aside and before I dive into the talk<00:02:39.000> I<00:02:39.360> would<00:02:39.930> like<00:02:40.019> to<00:02:40.260> call<00:02:40.439> it<00:02:40.590> Vitalik<00:02:41.129> s-- 00:02:41.149 --> 00:02:41.159 align:start position:0% talk I would like to call it Vitalik s-- 00:02:41.159 --> 00:02:43.369 align:start position:0% talk I would like to call it Vitalik s-- leadership<00:02:41.670> it<00:02:42.060> is<00:02:42.239> leadership<00:02:42.629> by<00:02:42.930> doing<00:02:43.290> an 00:02:43.369 --> 00:02:43.379 align:start position:0% leadership it is leadership by doing an 00:02:43.379 --> 00:02:45.890 align:start position:0% leadership it is leadership by doing an example<00:02:43.890> never<00:02:44.159> by<00:02:44.400> Fiat<00:02:44.790> Vitalik<00:02:45.780> has 00:02:45.890 --> 00:02:45.900 align:start position:0% example never by Fiat Vitalik has 00:02:45.900 --> 00:02:47.420 align:start position:0% example never by Fiat Vitalik has remained<00:02:46.230> in<00:02:46.349> the<00:02:46.439> background<00:02:46.590> with<00:02:47.040> respect 00:02:47.420 --> 00:02:47.430 align:start position:0% remained in the background with respect 00:02:47.430 --> 00:02:48.619 align:start position:0% remained in the background with respect to<00:02:47.519> various<00:02:47.640> issues<00:02:47.939> at<00:02:48.299> a<00:02:48.329> time 00:02:48.619 --> 00:02:48.629 align:start position:0% to various issues at a time 00:02:48.629 --> 00:02:50.630 align:start position:0% to various issues at a time intentionally<00:02:49.319> out<00:02:49.650> of<00:02:49.950> concern<00:02:50.340> that<00:02:50.370> his 00:02:50.630 --> 00:02:50.640 align:start position:0% intentionally out of concern that his 00:02:50.640 --> 00:02:52.910 align:start position:0% intentionally out of concern that his words<00:02:50.909> might<00:02:51.180> be<00:02:51.209> weighted<00:02:51.659> too<00:02:51.930> heavily<00:02:52.349> this 00:02:52.910 --> 00:02:52.920 align:start position:0% words might be weighted too heavily this 00:02:52.920 --> 00:02:54.530 align:start position:0% words might be weighted too heavily this is<00:02:53.099> what<00:02:53.250> I<00:02:53.280> think<00:02:53.370> of<00:02:53.640> as<00:02:53.760> leadership<00:02:54.299> in<00:02:54.450> the 00:02:54.530 --> 00:02:54.540 align:start position:0% is what I think of as leadership in the 00:02:54.540 --> 00:02:57.800 align:start position:0% is what I think of as leadership in the area<00:02:54.780> of<00:02:54.980> decentralization<00:02:55.980> I<00:02:56.599> don't<00:02:57.599> think 00:02:57.800 --> 00:02:57.810 align:start position:0% area of decentralization I don't think 00:02:57.810 --> 00:03:00.140 align:start position:0% area of decentralization I don't think anything<00:02:58.290> can<00:02:58.950> begin<00:02:59.340> significantly 00:03:00.140 --> 00:03:00.150 align:start position:0% anything can begin significantly 00:03:00.150 --> 00:03:02.300 align:start position:0% anything can begin significantly decentralized<00:03:00.959> and<00:03:01.260> aetherium<00:03:01.890> certainly 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align:start position:0% his best to empower people and to continuously<00:03:09.120> open<00:03:09.540> the<00:03:09.659> project<00:03:10.109> as<00:03:10.370> many<00:03:11.370> as 00:03:11.630 --> 00:03:11.640 align:start position:0% continuously open the project as many as 00:03:11.640 --> 00:03:14.059 align:start position:0% continuously open the project as many as have<00:03:12.239> many<00:03:12.420> others<00:03:12.720> of<00:03:12.750> course<00:03:12.959> but<00:03:13.859> if<00:03:13.950> we 00:03:14.059 --> 00:03:14.069 align:start position:0% have many others of course but if we 00:03:14.069 --> 00:03:15.619 align:start position:0% have many others of course but if we consider<00:03:14.250> the<00:03:14.579> responsibility<00:03:15.359> the<00:03:15.480> world 00:03:15.619 --> 00:03:15.629 align:start position:0% consider the responsibility the world 00:03:15.629 --> 00:03:17.720 align:start position:0% consider the responsibility the world has<00:03:15.870> heaped<00:03:16.079> on<00:03:16.260> his<00:03:16.409> shoulders<00:03:16.829> and<00:03:17.069> the 00:03:17.720 --> 00:03:17.730 align:start position:0% has heaped on his shoulders and the 00:03:17.730 --> 00:03:19.369 align:start position:0% has heaped on his shoulders and the that<00:03:17.940> the<00:03:18.030> trolls<00:03:18.329> and<00:03:18.599> the<00:03:18.720> idiots<00:03:19.139> on<00:03:19.349> the 00:03:19.369 --> 00:03:19.379 align:start position:0% that the trolls and the idiots on the 00:03:19.379 --> 00:03:21.379 align:start position:0% that the trolls and the idiots on the interwebs<00:03:19.920> sling<00:03:20.250> at<00:03:20.400> him<00:03:20.579> it's<00:03:21.030> one<00:03:21.239> of<00:03:21.329> the 00:03:21.379 --> 00:03:21.389 align:start position:0% interwebs sling at him it's one of the 00:03:21.389 --> 00:03:24.440 align:start position:0% interwebs sling at him it's one of the most<00:03:21.599> historic<00:03:22.170> stories<00:03:22.849> heroic<00:03:23.849> stories<00:03:24.299> I 00:03:24.440 --> 00:03:24.450 align:start position:0% most historic stories heroic stories I 00:03:24.450 --> 00:03:32.710 align:start position:0% most historic stories heroic stories I know<00:03:24.480> with<00:03:25.440> integrity<00:03:31.579> with<00:03:32.579> integrity 00:03:32.710 --> 00:03:32.720 align:start position:0% know with integrity with integrity 00:03:32.720 --> 00:03:35.300 align:start position:0% know with integrity with integrity genius<00:03:33.720> and<00:03:33.959> grace<00:03:34.170> Vitalik<00:03:34.709> goes<00:03:34.889> about<00:03:35.129> his 00:03:35.300 --> 00:03:35.310 align:start position:0% genius and grace Vitalik goes about his 00:03:35.310 --> 00:03:37.220 align:start position:0% genius and grace Vitalik goes about his business<00:03:35.370> doing<00:03:36.329> a<00:03:36.389> job<00:03:36.599> that<00:03:36.840> even<00:03:37.139> a 00:03:37.220 --> 00:03:37.230 align:start position:0% business doing a job that even a 00:03:37.230 --> 00:03:39.559 align:start position:0% business doing a job that even a decentralized<00:03:37.980> army<00:03:38.370> of<00:03:38.459> crypto<00:03:38.849> heads<00:03:39.060> have 00:03:39.559 --> 00:03:39.569 align:start position:0% decentralized army of crypto heads have 00:03:39.569 --> 00:03:42.110 align:start position:0% decentralized army of crypto heads have trouble<00:03:39.989> keeping<00:03:40.170> up<00:03:40.500> with<00:03:41.120> similarly 00:03:42.110 --> 00:03:42.120 align:start position:0% trouble keeping up with similarly 00:03:42.120 --> 00:03:44.539 align:start position:0% trouble keeping up with similarly consensus<00:03:42.810> started<00:03:43.139> one<00:03:43.290> in<00:03:43.440> started<00:03:44.280> in<00:03:44.400> one 00:03:44.539 --> 00:03:44.549 align:start position:0% consensus started one in started in one 00:03:44.549 --> 00:03:46.699 align:start position:0% consensus started one in started in one individuals<00:03:45.120> head<00:03:45.359> but<00:03:46.079> decentralized 00:03:46.699 --> 00:03:46.709 align:start position:0% individuals head but decentralized 00:03:46.709 --> 00:03:48.800 align:start position:0% individuals head but decentralized rapidly<00:03:47.220> since<00:03:47.849> the<00:03:48.030> beginning<00:03:48.419> we've<00:03:48.569> been 00:03:48.800 --> 00:03:48.810 align:start position:0% rapidly since the beginning we've been 00:03:48.810 --> 00:03:50.360 align:start position:0% rapidly since the beginning we've been threading<00:03:49.230> the<00:03:49.349> needle<00:03:49.379> between<00:03:49.769> practical 00:03:50.360 --> 00:03:50.370 align:start position:0% threading the needle between practical 00:03:50.370 --> 00:03:52.280 align:start position:0% threading the needle between practical forward<00:03:50.849> progress<00:03:51.090> and<00:03:51.569> decentralization 00:03:52.280 --> 00:03:52.290 align:start position:0% forward progress and decentralization 00:03:52.290 --> 00:03:54.409 align:start position:0% forward progress and decentralization our<00:03:52.949> goal<00:03:53.250> always<00:03:53.579> is<00:03:53.760> to<00:03:54.030> build<00:03:54.209> better 00:03:54.409 --> 00:03:54.419 align:start position:0% our goal always is to build better 00:03:54.419 --> 00:03:55.939 align:start position:0% our goal always is to build better systems<00:03:54.750> and<00:03:55.290> we<00:03:55.590> believe<00:03:55.919> that 00:03:55.939 --> 00:03:55.949 align:start position:0% systems and we believe that 00:03:55.949 --> 00:03:57.920 align:start position:0% systems and we believe that decentralized<00:03:56.669> architectures<00:03:57.329> will<00:03:57.510> usually 00:03:57.920 --> 00:03:57.930 align:start position:0% decentralized architectures will usually 00:03:57.930 --> 00:04:00.140 align:start position:0% decentralized architectures will usually win<00:03:58.109> out<00:03:58.290> more<00:03:59.069> so<00:03:59.280> as<00:03:59.430> the<00:03:59.609> technology 00:04:00.140 --> 00:04:00.150 align:start position:0% win out more so as the technology 00:04:00.150 --> 00:04:02.330 align:start position:0% win out more so as the technology matures<00:04:00.540> and<00:04:00.750> scales<00:04:01.190> consensus<00:04:02.190> is 00:04:02.330 --> 00:04:02.340 align:start position:0% matures and scales consensus is 00:04:02.340 --> 00:04:04.610 align:start position:0% matures and scales consensus is dedicated<00:04:02.940> to<00:04:03.120> building<00:04:03.620> appropriately 00:04:04.610 --> 00:04:04.620 align:start position:0% dedicated to building appropriately 00:04:04.620 --> 00:04:06.199 align:start position:0% dedicated to building appropriately decentralized<00:04:05.280> systems<00:04:05.669> but<00:04:05.879> also<00:04:06.060> to 00:04:06.199 --> 00:04:06.209 align:start position:0% decentralized systems but also to 00:04:06.209 --> 00:04:09.039 align:start position:0% decentralized systems but also to walking<00:04:06.750> the<00:04:06.870> walk<00:04:07.049> working<00:04:07.769> to<00:04:07.919> decentralize 00:04:09.039 --> 00:04:09.049 align:start position:0% walking the walk working to decentralize 00:04:09.049 --> 00:04:12.740 align:start position:0% walking the walk working to decentralize ourselves<00:04:10.049> throughout<00:04:11.239> we<00:04:12.239> started<00:04:12.599> as<00:04:12.720> a 00:04:12.740 --> 00:04:12.750 align:start position:0% ourselves throughout we started as a 00:04:12.750 --> 00:04:14.720 align:start position:0% ourselves throughout we started as a venture<00:04:12.989> production<00:04:13.530> studio<00:04:13.859> intending<00:04:14.699> to 00:04:14.720 --> 00:04:14.730 align:start position:0% venture production studio intending to 00:04:14.730 --> 00:04:16.969 align:start position:0% venture production studio intending to build<00:04:14.970> taps<00:04:15.660> wrap<00:04:16.079> them<00:04:16.260> in<00:04:16.349> companies<00:04:16.769> and 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00:04:22.590 align:start position:0% do so but we've also been able to be 00:04:22.590 --> 00:04:24.649 align:start position:0% do so but we've also been able to be patient<00:04:22.800> with<00:04:23.099> many<00:04:23.310> more<00:04:23.550> we<00:04:24.300> consider 00:04:24.649 --> 00:04:24.659 align:start position:0% patient with many more we consider 00:04:24.659 --> 00:04:26.779 align:start position:0% patient with many more we consider consensus<00:04:25.289> of<00:04:25.440> fluid<00:04:25.740> mesh<00:04:25.919> of<00:04:26.159> projects<00:04:26.669> and 00:04:26.779 --> 00:04:26.789 align:start position:0% consensus of fluid mesh of projects and 00:04:26.789 --> 00:04:29.050 align:start position:0% consensus of fluid mesh of projects and companies<00:04:26.940> all<00:04:27.330> sharing<00:04:27.780> some<00:04:27.990> DNA<00:04:28.380> and 00:04:29.050 --> 00:04:29.060 align:start position:0% companies all sharing some DNA and 00:04:29.060 --> 00:04:31.779 align:start position:0% companies all sharing some DNA and internally<00:04:30.060> we<00:04:30.210> refer<00:04:30.630> to<00:04:30.659> it<00:04:30.930> as<00:04:31.080> the<00:04:31.289> mesh 00:04:31.779 --> 00:04:31.789 align:start position:0% internally we refer to it as the mesh 00:04:31.789 --> 00:04:34.969 align:start position:0% internally we refer to it as the mesh early<00:04:32.789> on<00:04:32.909> necessity<00:04:33.539> drove<00:04:33.979> infrastructure 00:04:34.969 --> 00:04:34.979 align:start position:0% early on necessity drove infrastructure 00:04:34.979 --> 00:04:37.610 align:start position:0% early on necessity drove infrastructure invention<00:04:35.789> Tim<00:04:36.510> Coulter's<00:04:36.870> work<00:04:37.110> on<00:04:37.320> DAP 00:04:37.610 --> 00:04:37.620 align:start position:0% invention Tim Coulter's work on DAP 00:04:37.620 --> 00:04:39.469 align:start position:0% invention Tim Coulter's work on DAP store<00:04:37.979> led<00:04:38.550> to<00:04:38.580> a<00:04:38.699> set<00:04:38.909> of<00:04:39.000> scripts<00:04:39.270> that 00:04:39.469 --> 00:04:39.479 align:start position:0% store led to a set of scripts that 00:04:39.479 --> 00:04:41.330 align:start position:0% store led to a set of scripts that evolved<00:04:39.870> over<00:04:39.990> time<00:04:40.320> into<00:04:40.380> the<00:04:40.740> truffle<00:04:41.070> suite 00:04:41.330 --> 00:04:41.340 align:start position:0% evolved over time into the truffle suite 00:04:41.340 --> 00:04:44.810 align:start position:0% evolved over time into the truffle suite on<00:04:41.909> month<00:04:42.210> on<00:04:42.659> Monday<00:04:43.260> night<00:04:43.470> a<00:04:43.680> go<00:04:44.220> truffle<00:04:44.639> on 00:04:44.810 --> 00:04:44.820 align:start position:0% on month on Monday night a go truffle on 00:04:44.820 --> 00:04:46.520 align:start position:0% on month on Monday night a go truffle on Monday<00:04:45.300> night<00:04:45.479> the<00:04:45.930> truffle<00:04:46.229> team<00:04:46.409> was 00:04:46.520 --> 00:04:46.530 align:start position:0% Monday night the truffle team was 00:04:46.530 --> 00:04:48.200 align:start position:0% Monday night the truffle team was gathered<00:04:46.889> as<00:04:47.010> the<00:04:47.190> counter<00:04:47.490> flipped<00:04:47.760> over<00:04:47.940> on 00:04:48.200 --> 00:04:48.210 align:start position:0% gathered as the counter flipped over on 00:04:48.210 --> 00:04:49.719 align:start position:0% gathered as the counter flipped over on the<00:04:48.270> 1<00:04:48.930> million 00:04:49.719 --> 00:04:49.729 align:start position:0% the 1 million 00:04:49.729 --> 00:04:54.149 align:start position:0% the 1 million full<00:04:49.849> download<00:04:50.059> huge<00:04:50.900> congrats<00:04:51.319> to<00:04:51.559> the<00:04:51.680> team 00:04:54.149 --> 00:04:54.159 align:start position:0% 00:04:54.159 --> 00:04:56.860 align:start position:0% Baron<00:04:55.159> Davison<00:04:55.669> later<00:04:55.909> Dan<00:04:56.150> Finley<00:04:56.629> and<00:04:56.779> the 00:04:56.860 --> 00:04:56.870 align:start position:0% Baron Davison later Dan Finley and the 00:04:56.870 --> 00:04:58.629 align:start position:0% Baron Davison later Dan Finley and the meta<00:04:57.080> math<00:04:57.289> team<00:04:57.620> rescued<00:04:57.979> us<00:04:58.219> all<00:04:58.430> from 00:04:58.629 --> 00:04:58.639 align:start position:0% meta math team rescued us all from 00:04:58.639 --> 00:05:01.299 align:start position:0% meta math team rescued us all from having<00:04:58.939> to<00:04:59.059> tell<00:04:59.240> users<00:04:59.509> to<00:04:59.990> go<00:05:00.139> download<00:05:00.889> and 00:05:01.299 --> 00:05:01.309 align:start position:0% having to tell users to go download and 00:05:01.309 --> 00:05:03.399 align:start position:0% having to tell users to go download and sync<00:05:01.490> death<00:05:01.849> before<00:05:02.180> add<00:05:02.449> app<00:05:02.629> can<00:05:02.900> connect<00:05:03.289> to 00:05:03.399 --> 00:05:03.409 align:start position:0% sync death before add app can connect to 00:05:03.409 --> 00:05:04.089 align:start position:0% sync death before add app can connect to the<00:05:03.529> network 00:05:04.089 --> 00:05:04.099 align:start position:0% the network 00:05:04.099 --> 00:05:05.799 align:start position:0% the network they<00:05:04.490> remain<00:05:04.789> on<00:05:04.939> the<00:05:05.059> bleeding<00:05:05.330> edge<00:05:05.539> of<00:05:05.689> the 00:05:05.799 --> 00:05:05.809 align:start position:0% they remain on the bleeding edge of the 00:05:05.809 --> 00:05:07.629 align:start position:0% they remain on the bleeding edge of the technology<00:05:06.020> but<00:05:06.529> labored<00:05:06.860> tirelessly<00:05:07.069> to 00:05:07.629 --> 00:05:07.639 align:start position:0% technology but labored tirelessly to 00:05:07.639 --> 00:05:09.790 align:start position:0% technology but labored tirelessly to ensure<00:05:07.789> that<00:05:07.939> nobody<00:05:08.389> gets<00:05:08.599> hurt<00:05:08.809> deep 00:05:09.790 --> 00:05:09.800 align:start position:0% ensure that nobody gets hurt deep 00:05:09.800 --> 00:05:11.290 align:start position:0% ensure that nobody gets hurt deep respect<00:05:10.309> to<00:05:10.400> the<00:05:10.490> team<00:05:10.669> for<00:05:10.879> always<00:05:11.089> choosing 00:05:11.290 --> 00:05:11.300 align:start position:0% respect to the team for always choosing 00:05:11.300 --> 00:05:13.839 align:start position:0% respect to the team for always choosing the<00:05:11.569> safer<00:05:11.990> path<00:05:12.199> for<00:05:13.099> the<00:05:13.189> end<00:05:13.309> user<00:05:13.550> yet 00:05:13.839 --> 00:05:13.849 align:start position:0% the safer path for the end user yet 00:05:13.849 --> 00:05:15.730 align:start position:0% the safer path for the end user yet continually<00:05:14.389> breaking<00:05:14.809> new<00:05:15.110> ground<00:05:15.409> for<00:05:15.680> the 00:05:15.730 --> 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gnosis<00:05:27.020> began<00:05:27.379> with<00:05:27.529> the<00:05:27.649> dream<00:05:27.860> of<00:05:27.889> enabling 00:05:28.389 --> 00:05:28.399 align:start position:0% gnosis began with the dream of enabling 00:05:28.399 --> 00:05:30.730 align:start position:0% gnosis began with the dream of enabling liquid<00:05:28.789> financial<00:05:29.300> markets<00:05:29.689> for<00:05:29.990> all<00:05:30.379> of<00:05:30.620> our 00:05:30.730 --> 00:05:30.740 align:start position:0% liquid financial markets for all of our 00:05:30.740 --> 00:05:33.459 align:start position:0% liquid financial markets for all of our issues<00:05:30.949> and<00:05:31.399> decisions<00:05:31.719> they<00:05:32.719> piloted<00:05:32.990> the 00:05:33.459 --> 00:05:33.469 align:start position:0% issues and decisions they piloted the 00:05:33.469 --> 00:05:35.350 align:start position:0% issues and decisions they piloted the prediction<00:05:33.919> market<00:05:34.219> technology<00:05:34.639> and<00:05:35.089> they've 00:05:35.350 --> 00:05:35.360 align:start position:0% prediction market technology and they've 00:05:35.360 --> 00:05:37.239 align:start position:0% prediction market technology and they've built<00:05:35.569> and<00:05:36.439> they've<00:05:36.559> also<00:05:36.710> built<00:05:36.949> core 00:05:37.239 --> 00:05:37.249 align:start position:0% built and they've also built core 00:05:37.249 --> 00:05:39.010 align:start position:0% built and they've also built core infrastructure<00:05:37.969> the<00:05:38.240> multi-sig<00:05:38.719> wallet 00:05:39.010 --> 00:05:39.020 align:start position:0% infrastructure the multi-sig wallet 00:05:39.020 --> 00:05:41.559 align:start position:0% infrastructure the multi-sig wallet which<00:05:39.289> protects<00:05:39.740> billions<00:05:40.189> in<00:05:40.430> value<00:05:40.789> gnosis 00:05:41.559 --> 00:05:41.569 align:start position:0% which protects billions in value gnosis 00:05:41.569 --> 00:05:44.170 align:start position:0% which protects billions in value gnosis safe<00:05:41.779> and<00:05:42.139> Dutch<00:05:42.349> X<00:05:42.680> an<00:05:43.610> exchange<00:05:44.059> that 00:05:44.170 --> 00:05:44.180 align:start position:0% safe and Dutch X an exchange that 00:05:44.180 --> 00:05:45.999 align:start position:0% safe and Dutch X an exchange that removes<00:05:44.599> the<00:05:44.749> ability<00:05:45.139> for<00:05:45.169> a<00:05:45.409> centralized 00:05:45.999 --> 00:05:46.009 align:start position:0% removes the ability for a centralized 00:05:46.009 --> 00:05:48.159 align:start position:0% removes the ability for a centralized party<00:05:46.430> to<00:05:46.580> corrupt<00:05:46.939> the<00:05:47.180> fairness<00:05:47.539> of<00:05:47.719> token 00:05:48.159 --> 00:05:48.169 align:start position:0% party to corrupt the fairness of token 00:05:48.169 --> 00:05:51.249 align:start position:0% party to corrupt the fairness of token exchanges<00:05:48.349> in<00:05:49.210> 2015<00:05:50.210> the<00:05:50.569> in<00:05:50.689> Fuhrer<00:05:50.990> team 00:05:51.249 --> 00:05:51.259 align:start position:0% exchanges in 2015 the in Fuhrer team 00:05:51.259 --> 00:05:53.829 align:start position:0% exchanges in 2015 the in Fuhrer team Michael<00:05:51.979> wheeler<00:05:52.129> more<00:05:52.610> easy<00:05:52.759> Peter<00:05:53.330> Zack<00:05:53.599> in 00:05:53.829 --> 00:05:53.839 align:start position:0% Michael wheeler more easy Peter Zack in 00:05:53.839 --> 00:05:54.579 align:start position:0% Michael wheeler more easy Peter Zack in eg<00:05:54.139> Galano 00:05:54.579 --> 00:05:54.589 align:start position:0% eg Galano 00:05:54.589 --> 00:05:57.339 align:start position:0% eg Galano and<00:05:54.770> now<00:05:55.399> so<00:05:55.699> many<00:05:55.729> more<00:05:56.180> helped<00:05:56.930> out<00:05:57.050> some 00:05:57.339 --> 00:05:57.349 align:start position:0% and now so many more helped out some 00:05:57.349 --> 00:05:59.529 align:start position:0% and now so many more helped out some consensus<00:05:58.009> projects<00:05:58.459> by<00:05:58.610> consolidating<00:05:59.419> our 00:05:59.529 --> 00:05:59.539 align:start position:0% consensus projects by consolidating our 00:05:59.539 --> 00:06:02.260 align:start position:0% consensus projects by consolidating our internal<00:06:00.020> test<00:06:00.229> Nets<00:06:00.469> by<00:06:01.249> DEFCON<00:06:01.639> 2<00:06:01.909> they<00:06:02.089> had 00:06:02.260 --> 00:06:02.270 align:start position:0% internal test Nets by DEFCON 2 they had 00:06:02.270 --> 00:06:04.480 align:start position:0% internal test Nets by DEFCON 2 they had externalized<00:06:02.959> the<00:06:03.169> service<00:06:03.560> and<00:06:03.770> offered<00:06:04.430> it 00:06:04.480 --> 00:06:04.490 align:start position:0% externalized the service and offered it 00:06:04.490 --> 00:06:07.689 align:start position:0% externalized the service and offered it to<00:06:04.639> the<00:06:04.729> world<00:06:04.939> by<00:06:05.689> DEFCON<00:06:06.110> 5<00:06:06.409> we<00:06:07.099> expect<00:06:07.550> to 00:06:07.689 --> 00:06:07.699 align:start position:0% to the world by DEFCON 5 we expect to 00:06:07.699 --> 00:06:09.369 align:start position:0% to the world by DEFCON 5 we expect to have<00:06:07.849> an<00:06:07.939> open<00:06:08.330> inferior<00:06:08.749> protocol<00:06:09.229> that 00:06:09.369 --> 00:06:09.379 align:start position:0% have an open inferior protocol that 00:06:09.379 --> 00:06:11.529 align:start position:0% have an open inferior protocol that enables<00:06:09.770> anyone<00:06:10.129> to<00:06:10.459> get<00:06:10.610> paid<00:06:10.879> to<00:06:11.149> run<00:06:11.270> nodes 00:06:11.529 --> 00:06:11.539 align:start position:0% enables anyone to get paid to run nodes 00:06:11.539 --> 00:06:17.679 align:start position:0% enables anyone to get paid to run nodes that<00:06:12.020> bundle<00:06:12.289> different<00:06:12.740> protocols<00:06:16.689> these 00:06:17.679 --> 00:06:17.689 align:start position:0% that bundle different protocols these 00:06:17.689 --> 00:06:19.389 align:start position:0% that bundle different protocols these and<00:06:18.050> so<00:06:18.259> many<00:06:18.439> more<00:06:18.649> infrastructural 00:06:19.389 --> 00:06:19.399 align:start position:0% and so many more infrastructural 00:06:19.399 --> 00:06:21.909 align:start position:0% and so many more infrastructural elements<00:06:19.550> are<00:06:20.120> helping<00:06:20.899> to<00:06:21.110> rapidly<00:06:21.469> mature<00:06:21.889> a 00:06:21.909 --> 00:06:21.919 align:start position:0% elements are helping to rapidly mature a 00:06:21.919 --> 00:06:23.649 align:start position:0% elements are helping to rapidly mature a theorem<00:06:22.309> and<00:06:22.430> turn<00:06:22.610> it<00:06:22.729> into<00:06:22.879> a<00:06:22.999> foundational 00:06:23.649 --> 00:06:23.659 align:start position:0% theorem and turn it into a foundational 00:06:23.659 --> 00:06:25.600 align:start position:0% theorem and turn it into a foundational element<00:06:24.050> of<00:06:24.169> the<00:06:24.289> decentralized<00:06:24.830> world<00:06:25.370> wide 00:06:25.600 --> 00:06:25.610 align:start position:0% element of the decentralized world wide 00:06:25.610 --> 00:06:27.549 align:start position:0% element of the decentralized world wide web<00:06:25.819> these<00:06:26.629> are<00:06:26.779> some<00:06:26.990> of<00:06:27.020> the<00:06:27.110> reasons<00:06:27.289> that 00:06:27.549 --> 00:06:27.559 align:start position:0% web these are some of the reasons that 00:06:27.559 --> 00:06:29.589 align:start position:0% web these are some of the reasons that ray<00:06:27.830> Valdez<00:06:28.249> while<00:06:28.490> at<00:06:28.669> Gartner<00:06:28.879> estimated 00:06:29.589 --> 00:06:29.599 align:start position:0% ray Valdez while at Gartner estimated 00:06:29.599 --> 00:06:31.420 align:start position:0% ray Valdez while at Gartner estimated that<00:06:29.749> the<00:06:29.930> etherium<00:06:30.349> developer<00:06:30.860> community 00:06:31.420 --> 00:06:31.430 align:start position:0% that the etherium developer community 00:06:31.430 --> 00:06:34.269 align:start position:0% that the etherium developer community was<00:06:31.669> 40<00:06:32.059> times<00:06:32.300> larger<00:06:32.449> than<00:06:33.349> the<00:06:33.770> number<00:06:34.069> two 00:06:34.269 --> 00:06:34.279 align:start position:0% was 40 times larger than the number two 00:06:34.279 --> 00:06:40.779 align:start position:0% was 40 times larger than the number two IBM's<00:06:35.209> fabric<00:06:35.599> community<00:06:39.069> viewport<00:06:40.069> should 00:06:40.779 --> 00:06:40.789 align:start position:0% IBM's fabric community viewport should 00:06:40.789 --> 00:06:42.489 align:start position:0% IBM's fabric community viewport should probably<00:06:41.029> be<00:06:41.270> in<00:06:41.300> that<00:06:41.539> infrastructure<00:06:42.169> list 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when<00:06:48.319> we<00:06:48.469> realized<00:06:48.830> we<00:06:48.919> needed 00:06:49.269 --> 00:06:49.279 align:start position:0% at consensus when we realized we needed 00:06:49.279 --> 00:06:51.279 align:start position:0% at consensus when we realized we needed an<00:06:49.399> identity<00:06:49.819> construct<00:06:50.509> they<00:06:50.930> would<00:06:51.080> not 00:06:51.279 --> 00:06:51.289 align:start position:0% an identity construct they would not 00:06:51.289 --> 00:06:53.860 align:start position:0% an identity construct they would not just<00:06:51.889> enable<00:06:52.339> access<00:06:52.550> to<00:06:52.849> apps<00:06:53.149> via<00:06:53.479> a<00:06:53.539> single 00:06:53.860 --> 00:06:53.870 align:start position:0% just enable access to apps via a single 00:06:53.870 --> 00:06:55.929 align:start position:0% just enable access to apps via a single sign-on<00:06:54.110> but<00:06:54.770> also<00:06:54.919> present<00:06:55.430> the<00:06:55.520> world<00:06:55.699> with 00:06:55.929 --> 00:06:55.939 align:start position:0% sign-on but also present the world with 00:06:55.939 --> 00:06:57.579 align:start position:0% sign-on but also present the world with an<00:06:56.089> alternative<00:06:56.719> to<00:06:56.899> the<00:06:57.020> exploitative 00:06:57.579 --> 00:06:57.589 align:start position:0% an alternative to the exploitative 00:06:57.589 --> 00:06:59.800 align:start position:0% an alternative to the exploitative business<00:06:58.219> models<00:06:58.639> that<00:06:58.849> are<00:06:59.149> enabled<00:06:59.689> because 00:06:59.800 --> 00:06:59.810 align:start position:0% business models that are enabled because 00:06:59.810 --> 00:07:01.990 align:start position:0% business models that are enabled because the<00:07:00.139> web<00:07:00.289> never<00:07:00.620> had<00:07:00.919> a<00:07:01.159> native<00:07:01.519> identity 00:07:01.990 --> 00:07:02.000 align:start position:0% the web never had a native identity 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position:0% concerns and whittling its offerings down<00:07:08.919> to<00:07:09.220> a<00:07:09.250> minimal<00:07:09.820> yet<00:07:10.180> sufficient 00:07:10.740 --> 00:07:10.750 align:start position:0% down to a minimal yet sufficient 00:07:10.750 --> 00:07:13.110 align:start position:0% down to a minimal yet sufficient decentralized<00:07:11.560> offering<00:07:12.070> one<00:07:12.700> that<00:07:12.850> doesn't 00:07:13.110 --> 00:07:13.120 align:start position:0% decentralized offering one that doesn't 00:07:13.120 --> 00:07:14.850 align:start position:0% decentralized offering one that doesn't even<00:07:13.180> need<00:07:13.450> a<00:07:13.480> blockchain<00:07:13.810> but<00:07:14.560> can<00:07:14.710> certainly 00:07:14.850 --> 00:07:14.860 align:start position:0% even need a blockchain but can certainly 00:07:14.860 --> 00:07:17.310 align:start position:0% even need a blockchain but can certainly benefit<00:07:15.430> from<00:07:15.490> one<00:07:15.820> and<00:07:16.030> in<00:07:16.510> turn<00:07:16.780> provide 00:07:17.310 --> 00:07:17.320 align:start position:0% benefit from one and in turn provide 00:07:17.320 --> 00:07:20.280 align:start position:0% benefit from one and in turn provide great<00:07:17.560> benefit<00:07:17.950> to<00:07:18.100> a<00:07:18.190> theorem<00:07:18.960> the<00:07:19.960> airport 00:07:20.280 --> 00:07:20.290 align:start position:0% great benefit to a theorem the airport 00:07:20.290 --> 00:07:21.420 align:start position:0% great benefit to a theorem the airport team<00:07:20.500> is<00:07:20.620> a<00:07:20.650> founding<00:07:21.070> and<00:07:21.220> steering 00:07:21.420 --> 00:07:21.430 align:start position:0% team is a founding and steering 00:07:21.430 --> 00:07:23.550 align:start position:0% team is a founding and steering committee<00:07:21.820> member<00:07:22.180> of<00:07:22.360> the<00:07:22.480> 56<00:07:23.050> company 00:07:23.550 --> 00:07:23.560 align:start position:0% committee member of the 56 company 00:07:23.560 --> 00:07:25.860 align:start position:0% committee member of the 56 company decentralized<00:07:24.220> identity<00:07:24.790> foundation<00:07:25.389> whose 00:07:25.860 --> 00:07:25.870 align:start position:0% decentralized identity foundation whose 00:07:25.870 --> 00:07:27.360 align:start position:0% decentralized identity foundation whose mission<00:07:26.260> is<00:07:26.380> to<00:07:26.410> build<00:07:26.650> an<00:07:26.800> open-source 00:07:27.360 --> 00:07:27.370 align:start position:0% mission is to build an open-source 00:07:27.370 --> 00:07:29.879 align:start position:0% mission is to build an open-source decentralized<00:07:28.120> identity<00:07:28.660> ecosystem<00:07:28.889> for 00:07:29.879 --> 00:07:29.889 align:start position:0% decentralized identity ecosystem for 00:07:29.889 --> 00:07:32.490 align:start position:0% decentralized identity ecosystem for people<00:07:30.220> organizations<00:07:30.639> apps<00:07:31.360> and<00:07:32.290> devices 00:07:32.490 --> 00:07:32.500 align:start position:0% people organizations apps and devices 00:07:32.500 --> 00:07:35.219 align:start position:0% people organizations apps and devices where<00:07:33.490> decentralized<00:07:34.180> identities<00:07:34.810> like<00:07:34.840> you 00:07:35.219 --> 00:07:35.229 align:start position:0% where decentralized identities like you 00:07:35.229 --> 00:07:37.230 align:start position:0% where decentralized identities like you ports<00:07:35.590> are<00:07:35.830> anchored<00:07:36.280> by<00:07:36.430> blockchain<00:07:36.940> IDs 00:07:37.230 --> 00:07:37.240 align:start position:0% ports are anchored by blockchain IDs 00:07:37.240 --> 00:07:40.260 align:start position:0% ports are anchored by blockchain IDs linked<00:07:38.200> to<00:07:38.440> zero<00:07:38.710> trust<00:07:39.010> data<00:07:39.310> stores<00:07:39.639> like 00:07:40.260 --> 00:07:40.270 align:start position:0% linked to zero trust data stores like 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essential<00:07:48.160> goal 00:07:48.390 --> 00:07:48.400 align:start position:0% across platforms as an essential goal 00:07:48.400 --> 00:07:50.879 align:start position:0% across platforms as an essential goal and<00:07:48.760> self<00:07:49.600> sovereign<00:07:49.960> identity<00:07:50.410> and<00:07:50.530> personal 00:07:50.879 --> 00:07:50.889 align:start position:0% and self sovereign identity and personal 00:07:50.889 --> 00:07:52.350 align:start position:0% and self sovereign identity and personal information<00:07:51.460> should<00:07:51.610> be<00:07:51.669> fully<00:07:51.970> under<00:07:52.240> the 00:07:52.350 --> 00:07:52.360 align:start position:0% information should be fully under the 00:07:52.360 --> 00:07:55.320 align:start position:0% information should be fully under the control<00:07:52.750> of<00:07:52.780> the<00:07:53.110> individual<00:07:54.100> as<00:07:54.280> we<00:07:54.430> turn<00:07:54.700> web 00:07:55.320 --> 00:07:55.330 align:start position:0% control of the individual as we turn web 00:07:55.330 --> 00:07:57.810 align:start position:0% control of the individual as we turn web to<00:07:55.600> business<00:07:56.110> models<00:07:56.590> upside<00:07:57.340> down<00:07:57.580> and 00:07:57.810 --> 00:07:57.820 align:start position:0% to business models upside down and 00:07:57.820 --> 00:08:00.300 align:start position:0% to business models upside down and architect<00:07:58.570> web<00:07:58.780> 3<00:07:59.110> services<00:07:59.680> to<00:07:59.919> be<00:08:00.040> user 00:08:00.300 --> 00:08:00.310 align:start position:0% architect web 3 services to be user 00:08:00.310 --> 00:08:02.790 align:start position:0% architect web 3 services to be user centric<00:08:00.790> you<00:08:01.510> port<00:08:01.780> in<00:08:01.900> three<00:08:02.080> box<00:08:02.290> personal 00:08:02.790 --> 00:08:02.800 align:start position:0% centric you port in three box personal 00:08:02.800 --> 00:08:04.950 align:start position:0% centric you port in three box personal data<00:08:03.010> Locker<00:08:03.280> facilitate<00:08:04.270> interoperation 00:08:04.950 --> 00:08:04.960 align:start position:0% data Locker facilitate interoperation 00:08:04.960 --> 00:08:07.469 align:start position:0% data Locker facilitate interoperation from<00:08:05.740> the<00:08:05.860> perspective<00:08:06.460> and<00:08:06.789> to<00:08:06.940> the<00:08:07.060> benefit 00:08:07.469 --> 00:08:07.479 align:start position:0% from the perspective and to the benefit 00:08:07.479 --> 00:08:09.840 align:start position:0% from the perspective and to the benefit of<00:08:07.600> the<00:08:07.960> user<00:08:08.110> please<00:08:09.070> check<00:08:09.280> out<00:08:09.430> you<00:08:09.580> ports 00:08:09.840 --> 00:08:09.850 align:start position:0% of the user please check out you ports 00:08:09.850 --> 00:08:12.390 align:start position:0% of the user please check out you ports new<00:08:10.000> developer<00:08:10.510> libraries<00:08:11.020> version<00:08:11.440> 1.0<00:08:12.010> just 00:08:12.390 --> 00:08:12.400 align:start position:0% new developer libraries version 1.0 just 00:08:12.400 --> 00:08:16.050 align:start position:0% new developer libraries version 1.0 just released<00:08:12.729> last<00:08:12.850> week<00:08:14.310> theorem<00:08:15.310> is<00:08:15.430> emerging 00:08:16.050 --> 00:08:16.060 align:start position:0% released last week theorem is emerging 00:08:16.060 --> 00:08:17.730 align:start position:0% released last week theorem is emerging is<00:08:16.180> one<00:08:16.330> of<00:08:16.450> the<00:08:16.539> foundational<00:08:17.110> components<00:08:17.650> of 00:08:17.730 --> 00:08:17.740 align:start position:0% is one of the foundational components of 00:08:17.740 --> 00:08:19.890 align:start position:0% is one of the foundational components of a<00:08:17.800> world<00:08:18.010> computer<00:08:18.520> a<00:08:18.700> web<00:08:19.000> 3<00:08:19.300> flavored 00:08:19.890 --> 00:08:19.900 align:start position:0% a world computer a web 3 flavored 00:08:19.900 --> 00:08:21.870 align:start position:0% a world computer a web 3 flavored constellation<00:08:20.650> of<00:08:20.800> inter<00:08:21.400> operating 00:08:21.870 --> 00:08:21.880 align:start position:0% constellation of inter operating 00:08:21.880 --> 00:08:25.350 align:start position:0% constellation of inter operating protocols<00:08:22.350> web<00:08:23.350> 3<00:08:23.680> the<00:08:24.669> decentralized 00:08:25.350 --> 00:08:25.360 align:start position:0% protocols web 3 the decentralized 00:08:25.360 --> 00:08:26.969 align:start position:0% protocols web 3 the decentralized worldwide<00:08:25.780> web<00:08:25.990> would<00:08:26.229> consist<00:08:26.650> of<00:08:26.800> many 00:08:26.969 --> 00:08:26.979 align:start position:0% worldwide web would consist of many 00:08:26.979 --> 00:08:29.760 align:start position:0% worldwide web would consist of many decentralized<00:08:27.729> protocols<00:08:28.410> for<00:08:29.410> trusted 00:08:29.760 --> 00:08:29.770 align:start position:0% decentralized protocols for trusted 00:08:29.770 --> 00:08:31.770 align:start position:0% decentralized protocols for trusted transactions<00:08:30.400> automated<00:08:30.940> agreements<00:08:31.479> smart 00:08:31.770 --> 00:08:31.780 align:start position:0% transactions automated agreements smart 00:08:31.780 --> 00:08:33.870 align:start position:0% transactions automated agreements smart software<00:08:32.020> object<00:08:32.680> storage<00:08:33.039> bandwidth<00:08:33.610> heavy 00:08:33.870 --> 00:08:33.880 align:start position:0% software object storage bandwidth heavy 00:08:33.880 --> 00:08:36.659 align:start position:0% software object storage bandwidth heavy compute<00:08:34.450> identity<00:08:35.409> reputation<00:08:36.190> proof<00:08:36.550> of 00:08:36.659 --> 00:08:36.669 align:start position:0% compute identity reputation proof of 00:08:36.669 --> 00:08:38.850 align:start position:0% compute identity reputation proof of location<00:08:37.210> legally<00:08:37.750> enforceable<00:08:38.169> agreements 00:08:38.850 --> 00:08:38.860 align:start position:0% location legally enforceable agreements 00:08:38.860 --> 00:08:41.159 align:start position:0% location legally enforceable agreements certificates<00:08:39.570> resources<00:08:40.570> and<00:08:40.839> asset 00:08:41.159 --> 00:08:41.169 align:start position:0% certificates resources and asset 00:08:41.169 --> 00:08:43.920 align:start position:0% certificates resources and asset tokenization<00:08:41.640> like<00:08:42.640> for<00:08:42.880> kilowatt<00:08:43.360> hours<00:08:43.690> and 00:08:43.920 --> 00:08:43.930 align:start position:0% tokenization like for kilowatt hours and 00:08:43.930 --> 00:08:47.190 align:start position:0% tokenization like for kilowatt hours and equities<00:08:44.380> and<00:08:44.620> real<00:08:44.770> estate<00:08:46.050> synergies<00:08:47.050> among 00:08:47.190 --> 00:08:47.200 align:start position:0% equities and real estate synergies among 00:08:47.200 --> 00:08:49.079 align:start position:0% equities and real estate synergies among various<00:08:47.620> projects<00:08:48.040> on<00:08:48.190> a<00:08:48.220> theorem<00:08:48.610> are<00:08:48.880> more 00:08:49.079 --> 00:08:49.089 align:start position:0% various projects on a theorem are more 00:08:49.089 --> 00:08:51.180 align:start position:0% various projects on a theorem are more easily<00:08:49.450> achieved<00:08:49.600> than<00:08:50.230> in<00:08:50.470> the<00:08:50.589> web<00:08:50.740> to<00:08:50.980> world 00:08:51.180 --> 00:08:51.190 align:start position:0% easily achieved than in the web to world 00:08:51.190 --> 00:08:53.280 align:start position:0% easily achieved than in the web to world as<00:08:51.430> the<00:08:51.910> platform<00:08:52.330> can<00:08:52.510> be<00:08:52.630> considered<00:08:53.110> a 00:08:53.280 --> 00:08:53.290 align:start position:0% as the platform can be considered a 00:08:53.290 --> 00:08:55.980 align:start position:0% as the platform can be considered a single<00:08:53.470> execution<00:08:54.310> space<00:08:54.990> interoperation 00:08:55.980 --> 00:08:55.990 align:start position:0% single execution space interoperation 00:08:55.990 --> 00:08:57.930 align:start position:0% single execution space interoperation within<00:08:56.350> a<00:08:56.440> theorem<00:08:56.770> or<00:08:56.890> across<00:08:57.160> protocols<00:08:57.760> is 00:08:57.930 --> 00:08:57.940 align:start position:0% within a theorem or across protocols is 00:08:57.940 --> 00:08:59.449 align:start position:0% within a theorem or across protocols is what<00:08:58.120> will<00:08:58.240> enable<00:08:58.360> us<00:08:58.660> to<00:08:58.720> move<00:08:58.990> beyond 00:08:59.449 --> 00:08:59.459 align:start position:0% what will enable us to move beyond 00:08:59.459 --> 00:09:01.980 align:start position:0% what will enable us to move beyond siloed<00:09:00.459> walled<00:09:00.760> garden<00:09:01.209> approaches<00:09:01.720> on<00:09:01.870> the 00:09:01.980 --> 00:09:01.990 align:start position:0% siloed walled garden approaches on the 00:09:01.990 --> 00:09:04.170 align:start position:0% siloed walled garden approaches on the web<00:09:02.140> and<00:09:02.380> in<00:09:02.709> the<00:09:02.830> business<00:09:03.160> world<00:09:03.339> leaving 00:09:04.170 --> 00:09:04.180 align:start position:0% web and in the business world leaving 00:09:04.180 --> 00:09:05.100 align:start position:0% web and in the business world leaving the<00:09:04.270> us-against-them 00:09:05.100 --> 00:09:05.110 align:start position:0% the us-against-them 00:09:05.110 --> 00:09:07.079 align:start position:0% the us-against-them ethos<00:09:05.529> behind<00:09:05.709> in<00:09:06.100> making<00:09:06.400> collaboration 00:09:07.079 --> 00:09:07.089 align:start position:0% ethos behind in making collaboration 00:09:07.089 --> 00:09:09.329 align:start position:0% ethos behind in making collaboration standard<00:09:07.600> across<00:09:08.260> applications<00:09:09.070> within 00:09:09.329 --> 00:09:09.339 align:start position:0% standard across applications within 00:09:09.339 --> 00:09:11.760 align:start position:0% standard across applications within sectors<00:09:09.880> and<00:09:10.120> industries<00:09:10.270> and<00:09:10.900> along<00:09:11.380> value 00:09:11.760 --> 00:09:11.770 align:start position:0% sectors and industries and along value 00:09:11.770 --> 00:09:13.949 align:start position:0% sectors and industries and along value chains<00:09:12.010> like<00:09:12.250> supply<00:09:12.550> chains<00:09:12.970> or<00:09:13.390> content 00:09:13.949 --> 00:09:13.959 align:start position:0% chains like supply chains or content 00:09:13.959 --> 00:09:15.490 align:start position:0% chains like supply chains or content creation<00:09:14.260> and<00:09:14.500> sharing 00:09:15.490 --> 00:09:15.500 align:start position:0% creation and sharing 00:09:15.500 --> 00:09:17.990 align:start position:0% creation and sharing the<00:09:16.500> new<00:09:16.620> trust<00:09:16.889> foundation<00:09:17.399> enabled<00:09:17.819> by<00:09:17.939> the 00:09:17.990 --> 00:09:18.000 align:start position:0% the new trust foundation enabled by the 00:09:18.000 --> 00:09:19.639 align:start position:0% the new trust foundation enabled by the radically<00:09:18.480> decentralized<00:09:19.170> that<00:09:19.379> they're<00:09:19.529> in 00:09:19.639 --> 00:09:19.649 align:start position:0% radically decentralized that they're in 00:09:19.649 --> 00:09:21.920 align:start position:0% radically decentralized that they're in base<00:09:19.860> layer<00:09:20.160> is<00:09:20.370> what<00:09:20.939> is<00:09:21.060> facilitating<00:09:21.810> this 00:09:21.920 --> 00:09:21.930 align:start position:0% base layer is what is facilitating this 00:09:21.930 --> 00:09:23.689 align:start position:0% base layer is what is facilitating this evolution<00:09:22.560> towards<00:09:22.920> collaboration 00:09:23.689 --> 00:09:23.699 align:start position:0% evolution towards collaboration 00:09:23.699 --> 00:09:26.960 align:start position:0% evolution towards collaboration it<00:09:24.629> is<00:09:24.779> trustful<00:09:25.290> collaboration<00:09:25.889> even<00:09:26.339> with 00:09:26.960 --> 00:09:26.970 align:start position:0% it is trustful collaboration even with 00:09:26.970 --> 00:09:29.749 align:start position:0% it is trustful collaboration even with those<00:09:27.149> who<00:09:27.329> don't<00:09:27.509> know<00:09:28.339> even<00:09:29.339> with<00:09:29.459> those<00:09:29.610> you 00:09:29.749 --> 00:09:29.759 align:start position:0% those who don't know even with those you 00:09:29.759 --> 00:09:32.990 align:start position:0% those who don't know even with those you don't<00:09:29.910> know<00:09:30.060> or<00:09:30.480> with<00:09:31.319> whom<00:09:31.560> you<00:09:31.680> compete<00:09:32.129> that 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intermediaries 00:09:39.089 --> 00:09:41.329 align:start position:0% to depend on the embedded intermediaries the<00:09:39.660> music<00:09:40.019> companies<00:09:40.410> the<00:09:40.620> banks<00:09:40.980> the<00:09:41.220> law 00:09:41.329 --> 00:09:41.339 align:start position:0% the music companies the banks the law 00:09:41.339 --> 00:09:43.910 align:start position:0% the music companies the banks the law firms<00:09:41.670> insurers<00:09:42.329> brokers<00:09:42.870> and<00:09:43.050> existing 00:09:43.910 --> 00:09:43.920 align:start position:0% firms insurers brokers and existing 00:09:43.920 --> 00:09:46.129 align:start position:0% firms insurers brokers and existing sharing<00:09:44.310> economy<00:09:44.819> companies<00:09:45.269> who<00:09:45.720> currently 00:09:46.129 --> 00:09:46.139 align:start position:0% sharing economy companies who currently 00:09:46.139 --> 00:09:48.590 align:start position:0% sharing economy companies who currently provide<00:09:46.529> necessary<00:09:46.829> trust<00:09:47.519> and<00:09:47.850> from<00:09:48.480> that 00:09:48.590 --> 00:09:48.600 align:start position:0% provide necessary trust and from that 00:09:48.600 --> 00:09:50.840 align:start position:0% provide necessary trust and from that privileged<00:09:49.110> position<00:09:49.649> suck<00:09:50.250> up<00:09:50.399> much<00:09:50.639> of<00:09:50.670> the 00:09:50.840 --> 00:09:50.850 align:start position:0% privileged position suck up much of the 00:09:50.850 --> 00:09:53.840 align:start position:0% privileged position suck up much of the value<00:09:51.089> in<00:09:51.509> their<00:09:51.720> sectors<00:09:52.370> in<00:09:53.370> these<00:09:53.550> early 00:09:53.840 --> 00:09:53.850 align:start position:0% value in their sectors in these early 00:09:53.850 --> 00:09:55.910 align:start position:0% value in their sectors in these early days<00:09:53.879> the<00:09:54.389> ecosystem<00:09:54.990> is<00:09:55.139> being<00:09:55.350> built<00:09:55.560> out<00:09:55.680> by 00:09:55.910 --> 00:09:55.920 align:start position:0% days the ecosystem is being built out by 00:09:55.920 --> 00:09:58.369 align:start position:0% days the ecosystem is being built out by the<00:09:55.980> builders<00:09:56.459> largely<00:09:57.120> for<00:09:57.629> the<00:09:57.660> builders 00:09:58.369 --> 00:09:58.379 align:start position:0% the builders largely for the builders 00:09:58.379 --> 00:10:00.170 align:start position:0% the builders largely for the builders yes<00:09:58.920> we've<00:09:59.100> attracted<00:09:59.339> financial<00:10:00.060> and 00:10:00.170 --> 00:10:00.180 align:start position:0% yes we've attracted financial and 00:10:00.180 --> 00:10:02.210 align:start position:0% yes we've attracted financial and speculator<00:10:00.660> types<00:10:01.019> but<00:10:01.560> mostly<00:10:01.949> it<00:10:02.040> is<00:10:02.189> about 00:10:02.210 --> 00:10:02.220 align:start position:0% speculator types but mostly it is about 00:10:02.220 --> 00:10:04.579 align:start position:0% speculator types but mostly it is about devs<00:10:02.730> engineers<00:10:03.449> entrepreneurs<00:10:03.810> and 00:10:04.579 --> 00:10:04.589 align:start position:0% devs engineers entrepreneurs and 00:10:04.589 --> 00:10:06.740 align:start position:0% devs engineers entrepreneurs and cybersecurity<00:10:05.399> professionals<00:10:05.819> these<00:10:06.569> are 00:10:06.740 --> 00:10:06.750 align:start position:0% cybersecurity professionals these are 00:10:06.750 --> 00:10:08.960 align:start position:0% cybersecurity professionals these are the<00:10:06.810> people<00:10:06.990> who<00:10:07.139> are<00:10:07.319> bidding<00:10:07.829> in<00:10:08.100> maturing 00:10:08.960 --> 00:10:08.970 align:start position:0% the people who are bidding in maturing 00:10:08.970 --> 00:10:11.090 align:start position:0% the people who are bidding in maturing the<00:10:09.000> components<00:10:09.660> in<00:10:09.779> the<00:10:09.870> standards<00:10:10.350> elements 00:10:11.090 --> 00:10:11.100 align:start position:0% the components in the standards elements 00:10:11.100 --> 00:10:13.220 align:start position:0% the components in the standards elements like<00:10:11.279> different<00:10:12.060> styles<00:10:12.240> of<00:10:12.509> tokens<00:10:12.899> swap 00:10:13.220 --> 00:10:13.230 align:start position:0% like different styles of tokens swap 00:10:13.230 --> 00:10:15.170 align:start position:0% like different styles of tokens swap protocols<00:10:13.740> and<00:10:13.949> exchanges<00:10:14.579> data<00:10:14.759> feeds 00:10:15.170 --> 00:10:15.180 align:start position:0% protocols and exchanges data feeds 00:10:15.180 --> 00:10:18.920 align:start position:0% protocols and exchanges data feeds markets<00:10:16.110> IOT<00:10:16.860> protocols<00:10:17.660> registries<00:10:18.660> name 00:10:18.920 --> 00:10:18.930 align:start position:0% markets IOT protocols registries name 00:10:18.930 --> 00:10:21.049 align:start position:0% markets IOT protocols registries name services<00:10:19.500> legally<00:10:20.430> and<00:10:20.550> automatically 00:10:21.049 --> 00:10:21.059 align:start position:0% services legally and automatically 00:10:21.059 --> 00:10:22.970 align:start position:0% services legally and automatically enforceable<00:10:21.720> agreements<00:10:22.199> and<00:10:22.379> certificates 00:10:22.970 --> 00:10:22.980 align:start position:0% enforceable agreements and certificates 00:10:22.980 --> 00:10:25.220 align:start position:0% enforceable agreements and certificates hundreds<00:10:23.790> of<00:10:23.879> components<00:10:24.149> like<00:10:24.540> these<00:10:24.809> are 00:10:25.220 --> 00:10:25.230 align:start position:0% hundreds of components like these are 00:10:25.230 --> 00:10:27.860 align:start position:0% hundreds of components like these are composable<00:10:25.860> into<00:10:26.309> a<00:10:26.339> compelling<00:10:26.910> app<00:10:27.089> because 00:10:27.860 --> 00:10:27.870 align:start position:0% composable into a compelling app because 00:10:27.870 --> 00:10:29.420 align:start position:0% composable into a compelling app because the<00:10:27.990> theorem<00:10:28.290> is<00:10:28.379> all<00:10:28.500> about<00:10:28.740> easy<00:10:28.889> synergy 00:10:29.420 --> 00:10:29.430 align:start position:0% the theorem is all about easy synergy 00:10:29.430 --> 00:10:31.340 align:start position:0% the theorem is all about easy synergy and<00:10:29.519> standards<00:10:30.089> that<00:10:30.209> ensure<00:10:30.540> exchanges 00:10:31.340 --> 00:10:31.350 align:start position:0% and standards that ensure exchanges 00:10:31.350 --> 00:10:33.590 align:start position:0% and standards that ensure exchanges while<00:10:31.680> it's<00:10:31.889> swap<00:10:32.790> protocols<00:10:33.269> and<00:10:33.480> other 00:10:33.590 --> 00:10:33.600 align:start position:0% while it's swap protocols and other 00:10:33.600 --> 00:10:35.660 align:start position:0% while it's swap protocols and other tools<00:10:33.899> can<00:10:34.230> interoperate<00:10:34.709> with<00:10:35.129> what<00:10:35.550> is 00:10:35.660 --> 00:10:35.670 align:start position:0% tools can interoperate with what is 00:10:35.670 --> 00:10:38.240 align:start position:0% tools can interoperate with what is built<00:10:35.910> the<00:10:36.629> theorem<00:10:36.930> is<00:10:37.050> where<00:10:37.500> standards<00:10:38.009> are 00:10:38.240 --> 00:10:38.250 align:start position:0% built the theorem is where standards are 00:10:38.250 --> 00:10:40.759 align:start position:0% built the theorem is where standards are being<00:10:38.490> forged<00:10:39.139> while<00:10:40.139> protocols<00:10:40.589> that 00:10:40.759 --> 00:10:40.769 align:start position:0% being forged while protocols that 00:10:40.769 --> 00:10:42.699 align:start position:0% being forged while protocols that consensus<00:10:41.519> have<00:10:41.730> a<00:10:41.759> high<00:10:41.910> degree<00:10:42.209> of<00:10:42.240> autonomy 00:10:42.699 --> 00:10:42.709 align:start position:0% consensus have a high degree of autonomy 00:10:42.709 --> 00:10:44.840 align:start position:0% consensus have a high degree of autonomy we<00:10:43.709> emphasize<00:10:44.160> rich<00:10:44.399> communication 00:10:44.840 --> 00:10:44.850 align:start position:0% we emphasize rich communication 00:10:44.850 --> 00:10:47.540 align:start position:0% we emphasize rich communication collaboration<00:10:45.750> and<00:10:46.350> Inter<00:10:46.680> operation<00:10:47.220> among 00:10:47.540 --> 00:10:47.550 align:start position:0% collaboration and Inter operation among 00:10:47.550 --> 00:10:50.210 align:start position:0% collaboration and Inter operation among teams<00:10:47.850> as<00:10:48.120> much<00:10:48.629> as<00:10:48.779> possible<00:10:48.990> the<00:10:49.860> standard 00:10:50.210 --> 00:10:50.220 align:start position:0% teams as much as possible the standard 00:10:50.220 --> 00:10:52.160 align:start position:0% teams as much as possible the standard bounty<00:10:50.550> bounty<00:10:50.850> smart<00:10:51.329> contract<00:10:51.750> integrates 00:10:52.160 --> 00:10:52.170 align:start position:0% bounty bounty smart contract integrates 00:10:52.170 --> 00:10:54.499 align:start position:0% bounty bounty smart contract integrates with<00:10:52.350> git<00:10:52.559> coin<00:10:52.860> so<00:10:53.370> devs<00:10:53.610> can<00:10:53.819> easily<00:10:54.149> fulfill 00:10:54.499 --> 00:10:54.509 align:start position:0% with git coin so devs can easily fulfill 00:10:54.509 --> 00:10:56.929 align:start position:0% with git coin so devs can easily fulfill open<00:10:54.839> source<00:10:55.079> bug<00:10:55.350> bounties<00:10:55.800> air<00:10:56.309> swap<00:10:56.670> plugs 00:10:56.929 --> 00:10:56.939 align:start position:0% open source bug bounties air swap plugs 00:10:56.939 --> 00:10:58.699 align:start position:0% open source bug bounties air swap plugs in<00:10:57.089> stalkers<00:10:57.449> prediction<00:10:57.899> market<00:10:58.230> Meridius 00:10:58.699 --> 00:10:58.709 align:start position:0% in stalkers prediction market Meridius 00:10:58.709 --> 00:11:00.410 align:start position:0% in stalkers prediction market Meridius tokenized<00:10:59.250> real<00:10:59.459> estate<00:10:59.730> platform<00:11:00.240> and 00:11:00.410 --> 00:11:00.420 align:start position:0% tokenized real estate platform and 00:11:00.420 --> 00:11:02.900 align:start position:0% tokenized real estate platform and offers<00:11:00.689> browser<00:11:00.959> so<00:11:01.589> users<00:11:01.949> can<00:11:02.009> swap<00:11:02.399> ERC 00:11:02.900 --> 00:11:02.910 align:start position:0% offers browser so users can swap ERC 00:11:02.910 --> 00:11:05.360 align:start position:0% offers browser so users can swap ERC tokens<00:11:03.389> instantly<00:11:03.930> bounties<00:11:04.740> maker<00:11:05.100> dower 00:11:05.360 --> 00:11:05.370 align:start position:0% tokens instantly bounties maker dower 00:11:05.370 --> 00:11:07.549 align:start position:0% tokens instantly bounties maker dower working<00:11:05.879> together<00:11:06.000> to<00:11:06.720> verify<00:11:07.139> ocean 00:11:07.549 --> 00:11:07.559 align:start position:0% working together to verify ocean 00:11:07.559 --> 00:11:09.920 align:start position:0% working together to verify ocean cleanups<00:11:07.980> aragon<00:11:08.579> Dharma<00:11:09.269> Zeppelin<00:11:09.750> and 00:11:09.920 --> 00:11:09.930 align:start position:0% cleanups aragon Dharma Zeppelin and 00:11:09.930 --> 00:11:11.929 align:start position:0% cleanups aragon Dharma Zeppelin and several<00:11:10.199> other<00:11:10.350> projects<00:11:10.920> share<00:11:11.550> technical 00:11:11.929 --> 00:11:11.939 align:start position:0% several other projects share technical 00:11:11.939 --> 00:11:14.569 align:start position:0% several other projects share technical docs<00:11:12.300> on<00:11:12.540> the<00:11:12.629> Kauri<00:11:13.050> knowledge<00:11:13.949> network<00:11:14.339> and 00:11:14.569 --> 00:11:14.579 align:start position:0% docs on the Kauri knowledge network and 00:11:14.579 --> 00:11:15.920 align:start position:0% docs on the Kauri knowledge network and encourage<00:11:15.209> their<00:11:15.389> communities<00:11:15.899> to 00:11:15.920 --> 00:11:15.930 align:start position:0% encourage their communities to 00:11:15.930 --> 00:11:17.720 align:start position:0% encourage their communities to contribute<00:11:16.559> tutorials<00:11:17.189> and<00:11:17.430> help<00:11:17.579> one 00:11:17.720 --> 00:11:17.730 align:start position:0% contribute tutorials and help one 00:11:17.730 --> 00:11:20.110 align:start position:0% contribute tutorials and help one another<00:11:18.029> so<00:11:18.480> that<00:11:18.509> we<00:11:18.689> can<00:11:18.870> build<00:11:19.079> together 00:11:20.110 --> 00:11:20.120 align:start position:0% another so that we can build together 00:11:20.120 --> 00:11:24.259 align:start position:0% another so that we can build together faster<00:11:21.829> Carrie<00:11:22.829> get<00:11:23.160> coin<00:11:23.399> and<00:11:23.639> bounties 00:11:24.259 --> 00:11:24.269 align:start position:0% faster Carrie get coin and bounties 00:11:24.269 --> 00:11:26.360 align:start position:0% faster Carrie get coin and bounties Network<00:11:24.839> are<00:11:25.050> enabling<00:11:25.380> us<00:11:25.529> and<00:11:25.829> others<00:11:26.160> to 00:11:26.360 --> 00:11:26.370 align:start position:0% Network are enabling us and others to 00:11:26.370 --> 00:11:28.879 align:start position:0% Network are enabling us and others to get<00:11:26.490> more<00:11:26.790> work<00:11:26.910> done<00:11:26.970> better<00:11:27.809> and<00:11:28.019> faster 00:11:28.879 --> 00:11:28.889 align:start position:0% get more work done better and faster 00:11:28.889 --> 00:11:30.710 align:start position:0% get more work done better and faster these<00:11:29.129> platforms<00:11:29.699> enable<00:11:29.910> dynamic<00:11:30.509> workforce 00:11:30.710 --> 00:11:30.720 align:start position:0% these platforms enable dynamic workforce 00:11:30.720 --> 00:11:33.289 align:start position:0% these platforms enable dynamic workforce assembly<00:11:31.559> enabling<00:11:32.459> us<00:11:32.579> to<00:11:32.609> have<00:11:32.759> smaller 00:11:33.289 --> 00:11:33.299 align:start position:0% assembly enabling us to have smaller 00:11:33.299 --> 00:11:35.269 align:start position:0% assembly enabling us to have smaller focus<00:11:33.809> teams<00:11:34.079> and<00:11:34.350> bring<00:11:34.529> more<00:11:34.709> global<00:11:35.189> and 00:11:35.269 --> 00:11:35.279 align:start position:0% focus teams and bring more global and 00:11:35.279 --> 00:11:37.069 align:start position:0% focus teams and bring more global and often<00:11:35.579> specialized<00:11:36.209> talent<00:11:36.689> into<00:11:36.959> our 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they want enjoy 00:11:44.339 --> 00:11:46.999 align:start position:0% on what they want when they want enjoy diversity<00:11:44.910> of<00:11:45.029> projects<00:11:45.600> get<00:11:45.899> paid<00:11:46.199> at<00:11:46.679> higher 00:11:46.999 --> 00:11:47.009 align:start position:0% diversity of projects get paid at higher 00:11:47.009 --> 00:11:49.249 align:start position:0% diversity of projects get paid at higher hourly<00:11:47.759> rates<00:11:48.149> if<00:11:48.509> they<00:11:48.660> choose<00:11:48.899> to<00:11:48.959> work 00:11:49.249 --> 00:11:49.259 align:start position:0% hourly rates if they choose to work 00:11:49.259 --> 00:11:51.199 align:start position:0% hourly rates if they choose to work faster<00:11:49.769> and<00:11:49.919> work<00:11:50.549> from<00:11:50.730> anywhere<00:11:50.970> in<00:11:51.179> the 00:11:51.199 --> 00:11:51.209 align:start position:0% faster and work from anywhere in the 00:11:51.209 --> 00:11:53.059 align:start position:0% faster and work from anywhere in the world<00:11:51.480> in<00:11:51.749> both<00:11:52.259> parties<00:11:52.649> that<00:11:52.679> they<00:11:52.889> like 00:11:53.059 --> 00:11:53.069 align:start position:0% world in both parties that they like 00:11:53.069 --> 00:11:54.710 align:start position:0% world in both parties that they like each<00:11:53.100> other<00:11:53.429> can<00:11:53.669> choose<00:11:53.910> to<00:11:54.119> solidify<00:11:54.449> the 00:11:54.710 --> 00:11:54.720 align:start position:0% each other can choose to solidify the 00:11:54.720 --> 00:11:57.879 align:start position:0% each other can choose to solidify the relationship<00:11:55.439> into<00:11:56.069> a<00:11:56.100> long<00:11:56.489> term<00:11:56.519> employment 00:11:57.879 --> 00:11:57.889 align:start position:0% relationship into a long term employment 00:11:57.889 --> 00:12:00.289 align:start position:0% relationship into a long term employment consensus<00:11:58.889> builds<00:11:59.220> protocol-based<00:11:59.730> open 00:12:00.289 --> 00:12:00.299 align:start position:0% consensus builds protocol-based open 00:12:00.299 --> 00:12:02.329 align:start position:0% consensus builds protocol-based open platforms<00:12:00.869> that<00:12:01.290> represent<00:12:01.769> collections<00:12:02.220> of 00:12:02.329 --> 00:12:02.339 align:start position:0% platforms that represent collections of 00:12:02.339 --> 00:12:04.159 align:start position:0% platforms that represent collections of people<00:12:02.639> and<00:12:02.759> businesses<00:12:03.269> inhabiting<00:12:03.839> various 00:12:04.159 --> 00:12:04.169 align:start position:0% people and businesses inhabiting various 00:12:04.169 --> 00:12:06.379 align:start position:0% people and businesses inhabiting various collaborative<00:12:05.100> roles<00:12:05.339> in<00:12:05.730> a<00:12:05.850> network<00:12:06.179> of 00:12:06.379 --> 00:12:06.389 align:start position:0% collaborative roles in a network of 00:12:06.389 --> 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to<00:12:13.739> get<00:12:13.889> the<00:12:14.009> same<00:12:14.279> work 00:12:14.509 --> 00:12:14.519 align:start position:0% with one another to get the same work 00:12:14.519 --> 00:12:16.669 align:start position:0% with one another to get the same work done<00:12:14.790> more<00:12:15.359> effectively<00:12:15.629> than<00:12:16.199> current 00:12:16.669 --> 00:12:16.679 align:start position:0% done more effectively than current 00:12:16.679 --> 00:12:18.319 align:start position:0% done more effectively than current monoliths<00:12:17.220> in<00:12:17.429> industries<00:12:17.939> like<00:12:17.970> financial 00:12:18.319 --> 00:12:18.329 align:start position:0% monoliths in industries like financial 00:12:18.329 --> 00:12:21.650 align:start position:0% monoliths in industries like financial services<00:12:19.129> entertainment<00:12:20.129> and<00:12:20.279> law<00:12:20.660> the 00:12:21.650 --> 00:12:21.660 align:start position:0% services entertainment and law the 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Joe<00:12:28.230> enabling<00:12:28.829> artists<00:12:29.160> to 00:12:29.239 --> 00:12:29.249 align:start position:0% like you Joe enabling artists to 00:12:29.249 --> 00:12:30.769 align:start position:0% like you Joe enabling artists to directly<00:12:29.549> interact<00:12:29.879> with<00:12:29.999> their<00:12:30.209> consumers 00:12:30.769 --> 00:12:30.779 align:start position:0% directly interact with their consumers 00:12:30.779 --> 00:12:32.569 align:start position:0% directly interact with their consumers or<00:12:30.929> with<00:12:31.079> other<00:12:31.259> artists<00:12:31.709> can<00:12:32.249> reside<00:12:32.549> on 00:12:32.569 --> 00:12:32.579 align:start position:0% or with other artists can reside on 00:12:32.579 --> 00:12:35.090 align:start position:0% or with other artists can reside on aetherium<00:12:33.209> an<00:12:33.419> open<00:12:34.019> event<00:12:34.319> management<00:12:34.829> and 00:12:35.090 --> 00:12:35.100 align:start position:0% aetherium an open event management and 00:12:35.100 --> 00:12:37.039 align:start position:0% aetherium an open event management and ticketing<00:12:35.549> platform<00:12:35.669> can<00:12:36.239> sit<00:12:36.480> on<00:12:36.689> or 00:12:37.039 --> 00:12:37.049 align:start position:0% ticketing platform can sit on or 00:12:37.049 --> 00:12:38.960 align:start position:0% ticketing platform can sit on or alongside<00:12:37.319> huge-o<00:12:38.040> enabling<00:12:38.489> artists<00:12:38.850> to 00:12:38.960 --> 00:12:38.970 align:start position:0% alongside huge-o enabling artists to 00:12:38.970 --> 00:12:41.119 align:start position:0% alongside huge-o enabling artists to coordinate<00:12:39.360> gigs<00:12:39.660> directly<00:12:40.230> with<00:12:40.379> venues<00:12:40.919> a 00:12:41.119 --> 00:12:41.129 align:start position:0% coordinate gigs directly with venues a 00:12:41.129 --> 00:12:43.729 align:start position:0% coordinate gigs directly with venues a blocking<00:12:42.059> platform<00:12:42.629> can<00:12:42.809> link<00:12:43.019> to<00:12:43.259> music<00:12:43.619> on 00:12:43.729 --> 00:12:43.739 align:start position:0% blocking platform can link to music on 00:12:43.739 --> 00:12:46.159 align:start position:0% blocking platform can link to music on you<00:12:43.889> Joe<00:12:44.100> and<00:12:44.129> get<00:12:44.399> paid<00:12:44.610> for<00:12:45.329> curation<00:12:45.839> and<00:12:46.049> an 00:12:46.159 --> 00:12:46.169 align:start position:0% you Joe and get paid for curation and an 00:12:46.169 --> 00:12:47.659 align:start position:0% you Joe and get paid for curation and an insurance<00:12:46.350> platform<00:12:47.129> can<00:12:47.309> provide<00:12:47.610> a 00:12:47.659 --> 00:12:47.669 align:start position:0% insurance platform can provide a 00:12:47.669 --> 00:12:50.229 align:start position:0% insurance platform can provide a parameterised<00:12:48.360> insurance<00:12:48.899> policy<00:12:49.439> that 00:12:50.229 --> 00:12:50.239 align:start position:0% parameterised insurance policy that 00:12:50.239 --> 00:12:53.419 align:start position:0% parameterised insurance policy that protects<00:12:51.239> the<00:12:51.449> band<00:12:51.919> pushing<00:12:52.919> more<00:12:53.100> and<00:12:53.160> more 00:12:53.419 --> 00:12:53.429 align:start position:0% protects the band pushing more and more 00:12:53.429 --> 00:12:55.309 align:start position:0% protects the band pushing more and more functionality<00:12:53.999> into<00:12:54.389> these<00:12:54.540> open<00:12:54.929> Network 00:12:55.309 --> 00:12:55.319 align:start position:0% functionality into these open Network 00:12:55.319 --> 00:12:57.530 align:start position:0% functionality into these open Network business<00:12:55.589> platforms<00:12:56.369> will<00:12:56.999> enable<00:12:57.209> more 00:12:57.530 --> 00:12:57.540 align:start position:0% business platforms will enable more 00:12:57.540 --> 00:12:59.900 align:start position:0% business platforms will enable more people<00:12:57.600> to<00:12:58.110> connect<00:12:58.739> to<00:12:58.980> these<00:12:59.100> systems<00:12:59.610> with 00:12:59.900 --> 00:12:59.910 align:start position:0% people to connect to these systems with 00:12:59.910 --> 00:13:01.970 align:start position:0% people to connect to these systems with their<00:13:00.089> self<00:13:00.389> sovereign<00:13:00.779> identity<00:13:01.230> so<00:13:01.829> that 00:13:01.970 --> 00:13:01.980 align:start position:0% their self sovereign identity so that 00:13:01.980 --> 00:13:04.189 align:start position:0% their self sovereign identity so that they<00:13:02.100> can<00:13:02.399> have<00:13:03.029> an<00:13:03.269> inter<00:13:03.720> mediate<00:13:03.989> 'add 00:13:04.189 --> 00:13:04.199 align:start position:0% they can have an inter mediate 'add 00:13:04.199 --> 00:13:05.720 align:start position:0% they can have an inter mediate 'add agency<00:13:04.739> on<00:13:04.980> all<00:13:05.220> of<00:13:05.339> these<00:13:05.459> platforms 00:13:05.720 --> 00:13:05.730 align:start position:0% agency on all of these platforms 00:13:05.730 --> 00:13:07.879 align:start position:0% agency on all of these platforms enabling<00:13:06.540> greater<00:13:06.749> satisfaction<00:13:07.049> in<00:13:07.739> their 00:13:07.879 --> 00:13:07.889 align:start position:0% enabling greater satisfaction in their 00:13:07.889 --> 00:13:09.470 align:start position:0% enabling greater satisfaction in their livelihoods<00:13:08.129> and<00:13:08.699> broader<00:13:09.209> wealth 00:13:09.470 --> 00:13:09.480 align:start position:0% livelihoods and broader wealth 00:13:09.480 --> 00:13:12.439 align:start position:0% livelihoods and broader wealth distribution<00:13:10.639> pundits<00:13:11.639> attacked<00:13:11.970> our<00:13:12.179> space 00:13:12.439 --> 00:13:12.449 align:start position:0% distribution pundits attacked our space 00:13:12.449 --> 00:13:14.029 align:start position:0% distribution pundits attacked our space with<00:13:12.660> accusations<00:13:13.289> that<00:13:13.470> there<00:13:13.619> have<00:13:13.709> been<00:13:13.769> no 00:13:14.029 --> 00:13:14.039 align:start position:0% with accusations that there have been no 00:13:14.039 --> 00:13:15.619 align:start position:0% with accusations that there have been no killer<00:13:14.339> apps<00:13:14.579> I<00:13:14.879> disagree 00:13:15.619 --> 00:13:15.629 align:start position:0% killer apps I disagree 00:13:15.629 --> 00:13:17.689 align:start position:0% killer apps I disagree file<00:13:16.410> sharing<00:13:16.709> platforms<00:13:17.369> could<00:13:17.610> be 00:13:17.689 --> 00:13:17.699 align:start position:0% file sharing platforms could be 00:13:17.699 --> 00:13:19.279 align:start position:0% file sharing platforms could be considered<00:13:18.089> the<00:13:18.209> first<00:13:18.360> killer<00:13:18.660> app<00:13:18.869> of<00:13:19.049> the 00:13:19.279 --> 00:13:19.289 align:start position:0% considered the first killer app of the 00:13:19.289 --> 00:13:21.919 align:start position:0% considered the first killer app of the decentralization<00:13:20.039> space<00:13:20.519> while<00:13:21.360> piracy<00:13:21.809> is<00:13:21.899> a 00:13:21.919 --> 00:13:21.929 align:start position:0% decentralization space while piracy is a 00:13:21.929 --> 00:13:24.049 align:start position:0% decentralization space while piracy is a problem<00:13:22.410> these<00:13:22.949> systems<00:13:23.459> pioneered 00:13:24.049 --> 00:13:24.059 align:start position:0% problem these systems pioneered 00:13:24.059 --> 00:13:25.970 align:start position:0% problem these systems pioneered revolutionary<00:13:24.929> approaches<00:13:25.470> to<00:13:25.619> distribution 00:13:25.970 --> 00:13:25.980 align:start position:0% revolutionary approaches to distribution 00:13:25.980 --> 00:13:29.869 align:start position:0% revolutionary approaches to distribution and<00:13:26.519> disintermediation<00:13:28.489> great<00:13:29.489> value 00:13:29.869 --> 00:13:29.879 align:start position:0% and disintermediation great value 00:13:29.879 --> 00:13:32.299 align:start position:0% and disintermediation great value accrued<00:13:30.269> to<00:13:30.299> the<00:13:30.569> Pirates<00:13:30.989> since<00:13:31.829> then<00:13:32.009> Apple 00:13:32.299 --> 00:13:32.309 align:start position:0% accrued to the Pirates since then Apple 00:13:32.309 --> 00:13:33.739 align:start position:0% accrued to the Pirates since then Apple and<00:13:32.429> Spotify<00:13:32.879> have<00:13:33.029> shown<00:13:33.269> that<00:13:33.389> if<00:13:33.539> price 00:13:33.739 --> 00:13:33.749 align:start position:0% and Spotify have shown that if price 00:13:33.749 --> 00:13:36.169 align:start position:0% and Spotify have shown that if price points<00:13:34.109> and<00:13:34.199> ui/ux<00:13:34.559> are<00:13:35.160> good<00:13:35.399> people<00:13:35.910> will 00:13:36.169 --> 00:13:36.179 align:start position:0% points and ui/ux are good people will 00:13:36.179 --> 00:13:37.639 align:start position:0% points and ui/ux are good people will just<00:13:36.389> pay<00:13:36.600> for<00:13:36.629> the<00:13:36.929> music<00:13:37.079> rather<00:13:37.499> than 00:13:37.639 --> 00:13:37.649 align:start position:0% just pay for the music rather than 00:13:37.649 --> 00:13:39.439 align:start position:0% just pay for the music rather than stealing<00:13:38.039> it<00:13:38.279> now<00:13:38.699> we<00:13:38.759> just<00:13:38.999> have<00:13:39.149> to<00:13:39.269> build 00:13:39.439 --> 00:13:39.449 align:start position:0% stealing it now we just have to build 00:13:39.449 --> 00:13:41.509 align:start position:0% stealing it now we just have to build platforms<00:13:40.110> that<00:13:40.619> enable<00:13:40.679> artists<00:13:41.399> to 00:13:41.509 --> 00:13:41.519 align:start position:0% platforms that enable artists to 00:13:41.519 --> 00:13:42.720 align:start position:0% platforms that enable artists to directly<00:13:41.819> access<00:13:42.029> consumer 00:13:42.720 --> 00:13:42.730 align:start position:0% directly access consumer 00:13:42.730 --> 00:13:44.510 align:start position:0% directly access consumer so<00:13:43.450> that<00:13:43.600> content<00:13:43.840> creators<00:13:44.380> can 00:13:44.510 --> 00:13:44.520 align:start position:0% so that content creators can 00:13:44.520 --> 00:13:46.680 align:start position:0% so that content creators can disintermediate<00:13:45.520> the<00:13:46.030> entertainment 00:13:46.680 --> 00:13:46.690 align:start position:0% disintermediate the entertainment 00:13:46.690 --> 00:13:49.590 align:start position:0% disintermediate the entertainment companies<00:13:47.080> and<00:13:47.380> get<00:13:47.620> directly<00:13:48.430> paid<00:13:48.730> last 00:13:49.590 --> 00:13:49.600 align:start position:0% companies and get directly paid last 00:13:49.600 --> 00:13:52.050 align:start position:0% companies and get directly paid last night<00:13:49.810> Oh<00:13:50.020> Joe<00:13:50.230> music<00:13:50.590> crested<00:13:50.950> 1,000<00:13:51.640> artists 00:13:52.050 --> 00:13:52.060 align:start position:0% night Oh Joe music crested 1,000 artists 00:13:52.060 --> 00:13:54.450 align:start position:0% night Oh Joe music crested 1,000 artists on<00:13:52.270> its<00:13:52.450> creator<00:13:53.110> on<00:13:53.470> its<00:13:53.740> content<00:13:54.160> creator 00:13:54.450 --> 00:13:54.460 align:start position:0% on its creator on its content creator 00:13:54.460 --> 00:14:00.270 align:start position:0% on its creator on its content creator portal<00:13:58.140> the<00:13:59.140> second<00:13:59.500> killer<00:13:59.680> app<00:13:59.860> has<00:14:00.100> to<00:14:00.130> be 00:14:00.270 --> 00:14:00.280 align:start position:0% portal the second killer app has to be 00:14:00.280 --> 00:14:01.920 align:start position:0% portal the second killer app has to be crypto<00:14:00.700> currencies<00:14:01.150> themselves<00:14:01.720> with 00:14:01.920 --> 00:14:01.930 align:start position:0% crypto currencies themselves with 00:14:01.930 --> 00:14:03.360 align:start position:0% crypto currencies themselves with millions<00:14:02.290> around<00:14:02.440> the<00:14:02.650> world<00:14:02.710> benefiting 00:14:03.360 --> 00:14:03.370 align:start position:0% millions around the world benefiting 00:14:03.370 --> 00:14:05.220 align:start position:0% millions around the world benefiting from<00:14:03.490> better<00:14:03.730> ways<00:14:03.910> of<00:14:04.120> transferring<00:14:04.570> or 00:14:05.220 --> 00:14:05.230 align:start position:0% from better ways of transferring or 00:14:05.230 --> 00:14:07.350 align:start position:0% from better ways of transferring or storing<00:14:05.770> value<00:14:06.100> especially<00:14:06.820> in<00:14:06.910> developing 00:14:07.350 --> 00:14:07.360 align:start position:0% storing value especially in developing 00:14:07.360 --> 00:14:07.860 align:start position:0% storing value especially in developing nations 00:14:07.860 --> 00:14:07.870 align:start position:0% nations 00:14:07.870 --> 00:14:09.900 align:start position:0% nations the<00:14:08.500> third<00:14:08.740> killer<00:14:09.010> app<00:14:09.220> is<00:14:09.430> the<00:14:09.580> creation 00:14:09.900 --> 00:14:09.910 align:start position:0% the third killer app is the creation 00:14:09.910 --> 00:14:12.240 align:start position:0% the third killer app is the creation issuance<00:14:10.650> distribution<00:14:11.650> exchange<00:14:12.070> and 00:14:12.240 --> 00:14:12.250 align:start position:0% issuance distribution exchange and 00:14:12.250 --> 00:14:14.040 align:start position:0% issuance distribution exchange and management<00:14:12.730> to<00:14:12.820> so<00:14:13.000> many<00:14:13.180> different<00:14:13.450> kinds<00:14:13.960> of 00:14:14.040 --> 00:14:14.050 align:start position:0% management to so many different kinds of 00:14:14.050 --> 00:14:16.050 align:start position:0% management to so many different kinds of crypto<00:14:14.440> assets<00:14:14.860> pretty<00:14:15.520> much<00:14:15.640> all<00:14:15.820> of<00:14:15.850> which 00:14:16.050 --> 00:14:16.060 align:start position:0% crypto assets pretty much all of which 00:14:16.060 --> 00:14:18.180 align:start position:0% crypto assets pretty much all of which is<00:14:16.210> happening<00:14:16.390> on<00:14:16.690> aetherium<00:14:17.080> projects<00:14:18.070> are 00:14:18.180 --> 00:14:18.190 align:start position:0% is happening on aetherium projects are 00:14:18.190 --> 00:14:19.980 align:start position:0% is happening on aetherium projects are being<00:14:18.310> funded<00:14:18.610> and<00:14:18.880> infrastructure<00:14:19.690> for<00:14:19.930> a 00:14:19.980 --> 00:14:19.990 align:start position:0% being funded and infrastructure for a 00:14:19.990 --> 00:14:22.230 align:start position:0% being funded and infrastructure for a next<00:14:20.350> generation<00:14:20.530> natively<00:14:21.280> digital<00:14:21.760> economy 00:14:22.230 --> 00:14:22.240 align:start position:0% next generation natively digital economy 00:14:22.240 --> 00:14:24.150 align:start position:0% next generation natively digital economy is<00:14:22.360> being<00:14:22.600> built<00:14:22.810> to<00:14:22.960> the<00:14:23.080> tune<00:14:23.260> of<00:14:23.380> tens<00:14:23.950> of 00:14:24.150 --> 00:14:24.160 align:start position:0% is being built to the tune of tens of 00:14:24.160 --> 00:14:25.560 align:start position:0% is being built to the tune of tens of billions<00:14:24.460> of<00:14:24.610> dollars<00:14:24.670> that<00:14:25.180> clear<00:14:25.450> and 00:14:25.560 --> 00:14:25.570 align:start position:0% billions of dollars that clear and 00:14:25.570 --> 00:14:28.320 align:start position:0% billions of dollars that clear and settle<00:14:25.900> on<00:14:26.050> a<00:14:26.140> theorem<00:14:26.800> every<00:14:27.160> day<00:14:27.310> but<00:14:28.210> the 00:14:28.320 --> 00:14:28.330 align:start position:0% settle on a theorem every day but the 00:14:28.330 --> 00:14:29.910 align:start position:0% settle on a theorem every day but the pundits<00:14:28.690> don't<00:14:29.020> notice<00:14:29.380> because<00:14:29.620> the 00:14:29.910 --> 00:14:29.920 align:start position:0% pundits don't notice because the 00:14:29.920 --> 00:14:31.350 align:start position:0% pundits don't notice because the benefits<00:14:30.340> accrue<00:14:30.700> in<00:14:30.880> a<00:14:30.970> decentralized 00:14:31.350 --> 00:14:31.360 align:start position:0% benefits accrue in a decentralized 00:14:31.360 --> 00:14:33.660 align:start position:0% benefits accrue in a decentralized fashion<00:14:32.020> pundits<00:14:33.010> are<00:14:33.130> having<00:14:33.370> trouble 00:14:33.660 --> 00:14:33.670 align:start position:0% fashion pundits are having trouble 00:14:33.670 --> 00:14:35.400 align:start position:0% fashion pundits are having trouble recognizing<00:14:33.970> these<00:14:34.480> killer<00:14:34.720> applications 00:14:35.400 --> 00:14:35.410 align:start position:0% recognizing these killer applications 00:14:35.410 --> 00:14:37.470 align:start position:0% recognizing these killer applications because<00:14:35.770> they<00:14:35.920> don't<00:14:36.100> reward<00:14:36.480> existing 00:14:37.470 --> 00:14:37.480 align:start position:0% because they don't reward existing 00:14:37.480 --> 00:14:39.600 align:start position:0% because they don't reward existing intermediaries<00:14:38.170> or<00:14:38.320> pile<00:14:38.620> stacks<00:14:39.040> of<00:14:39.280> value 00:14:39.600 --> 00:14:39.610 align:start position:0% intermediaries or pile stacks of value 00:14:39.610 --> 00:14:42.240 align:start position:0% intermediaries or pile stacks of value into<00:14:40.240> new<00:14:40.390> intermediaries<00:14:41.080> but<00:14:41.740> many<00:14:41.980> lives 00:14:42.240 --> 00:14:42.250 align:start position:0% into new intermediaries but many lives 00:14:42.250 --> 00:14:45.240 align:start position:0% into new intermediaries but many lives are<00:14:42.520> improving<00:14:43.410> in<00:14:44.410> referring<00:14:44.890> to<00:14:44.920> the 00:14:45.240 --> 00:14:45.250 align:start position:0% are improving in referring to the 00:14:45.250 --> 00:14:47.610 align:start position:0% are improving in referring to the lamenting<00:14:45.820> over<00:14:46.060> lack<00:14:46.570> of<00:14:46.840> an<00:14:46.990> obvious<00:14:47.350> killer 00:14:47.610 --> 00:14:47.620 align:start position:0% lamenting over lack of an obvious killer 00:14:47.620 --> 00:14:49.980 align:start position:0% lamenting over lack of an obvious killer app<00:14:47.860> Vitalik<00:14:48.490> said<00:14:48.760> the<00:14:49.270> killing<00:14:49.690> will<00:14:49.870> be 00:14:49.980 --> 00:14:49.990 align:start position:0% app Vitalik said the killing will be 00:14:49.990 --> 00:14:52.130 align:start position:0% app Vitalik said the killing will be death<00:14:50.470> by<00:14:50.770> a<00:14:50.800> thousand<00:14:51.340> cuts 00:14:52.130 --> 00:14:52.140 align:start position:0% death by a thousand cuts 00:14:52.140 --> 00:14:53.850 align:start position:0% death by a thousand cuts decentralization<00:14:53.140> is<00:14:53.500> the<00:14:53.620> killer 00:14:53.850 --> 00:14:53.860 align:start position:0% decentralization is the killer 00:14:53.860 --> 00:14:55.890 align:start position:0% decentralization is the killer organizing<00:14:54.490> principle<00:14:55.000> it's<00:14:55.360> ushering<00:14:55.720> in 00:14:55.890 --> 00:14:55.900 align:start position:0% organizing principle it's ushering in 00:14:55.900 --> 00:14:57.840 align:start position:0% organizing principle it's ushering in the<00:14:55.960> web<00:14:56.170> three<00:14:56.470> world<00:14:56.680> watch<00:14:57.370> chains<00:14:57.610> are<00:14:57.760> the 00:14:57.840 --> 00:14:57.850 align:start position:0% the web three world watch chains are the 00:14:57.850 --> 00:14:59.640 align:start position:0% the web three world watch chains are the killer<00:14:58.090> automated<00:14:58.690> trust<00:14:58.960> foundation 00:14:59.640 --> 00:14:59.650 align:start position:0% killer automated trust foundation 00:14:59.650 --> 00:15:01.920 align:start position:0% killer automated trust foundation promoting<00:15:00.400> synergy<00:15:00.880> and<00:15:00.970> collaboration<00:15:01.690> and 00:15:01.920 --> 00:15:01.930 align:start position:0% promoting synergy and collaboration and 00:15:01.930 --> 00:15:03.990 align:start position:0% promoting synergy and collaboration and a<00:15:02.200> theorem<00:15:02.530> is<00:15:02.650> the<00:15:02.800> killer<00:15:03.010> ecosystem<00:15:03.820> an 00:15:03.990 --> 00:15:04.000 align:start position:0% a theorem is the killer ecosystem an 00:15:04.000 --> 00:15:06.840 align:start position:0% a theorem is the killer ecosystem an ecosystem<00:15:04.660> that<00:15:04.900> will<00:15:05.140> transform<00:15:05.850> global 00:15:06.840 --> 00:15:06.850 align:start position:0% ecosystem that will transform global 00:15:06.850 --> 00:15:09.380 align:start position:0% ecosystem that will transform global economic<00:15:07.540> social<00:15:07.930> and<00:15:07.990> political<00:15:08.110> systems 00:15:09.380 --> 00:15:09.390 align:start position:0% economic social and political systems 00:15:09.390 --> 00:15:11.640 align:start position:0% economic social and political systems and<00:15:10.390> of<00:15:10.480> course<00:15:10.720> there<00:15:10.900> will<00:15:11.050> be<00:15:11.080> killer<00:15:11.410> apps 00:15:11.640 --> 00:15:11.650 align:start position:0% and of course there will be killer apps 00:15:11.650 --> 00:15:13.200 align:start position:0% and of course there will be killer apps on<00:15:12.010> a<00:15:12.070> theorem<00:15:12.460> that<00:15:12.580> the<00:15:12.640> pundits<00:15:13.030> will 00:15:13.200 --> 00:15:13.210 align:start position:0% on a theorem that the pundits will 00:15:13.210 --> 00:15:15.410 align:start position:0% on a theorem that the pundits will recognize<00:15:13.780> I<00:15:14.110> expect<00:15:14.800> with<00:15:14.980> the<00:15:15.100> many 00:15:15.410 --> 00:15:15.420 align:start position:0% recognize I expect with the many 00:15:15.420 --> 00:15:17.580 align:start position:0% recognize I expect with the many independent<00:15:16.420> layer<00:15:16.630> to<00:15:16.900> scalability 00:15:17.580 --> 00:15:17.590 align:start position:0% independent layer to scalability 00:15:17.590 --> 00:15:18.720 align:start position:0% independent layer to scalability breakthroughs<00:15:18.070> that<00:15:18.220> are<00:15:18.280> coming<00:15:18.610> online 00:15:18.720 --> 00:15:18.730 align:start position:0% breakthroughs that are coming online 00:15:18.730 --> 00:15:21.030 align:start position:0% breakthroughs that are coming online every<00:15:18.940> day<00:15:19.240> we<00:15:19.930> will<00:15:20.050> see<00:15:20.350> one<00:15:20.560> or<00:15:20.590> more<00:15:20.860> in 00:15:21.030 --> 00:15:21.040 align:start position:0% every day we will see one or more in 00:15:21.040 --> 00:15:23.850 align:start position:0% every day we will see one or more in 2019<00:15:21.960> applications<00:15:22.960> in<00:15:23.080> gaming<00:15:23.440> journalism 00:15:23.850 --> 00:15:23.860 align:start position:0% 2019 applications in gaming journalism 00:15:23.860 --> 00:15:25.950 align:start position:0% 2019 applications in gaming journalism law<00:15:24.220> supply<00:15:24.730> chain<00:15:25.030> financial<00:15:25.570> products 00:15:25.950 --> 00:15:25.960 align:start position:0% law supply chain financial products 00:15:25.960 --> 00:15:28.620 align:start position:0% law supply chain financial products journalism<00:15:26.560> music<00:15:26.950> and<00:15:27.370> other<00:15:27.460> Nicias<00:15:27.970> will 00:15:28.620 --> 00:15:28.630 align:start position:0% journalism music and other Nicias will 00:15:28.630 --> 00:15:31.590 align:start position:0% journalism music and other Nicias will breakthrough<00:15:29.260> into<00:15:29.500> the<00:15:29.710> consumer<00:15:30.250> space<00:15:30.600> the 00:15:31.590 --> 00:15:31.600 align:start position:0% breakthrough into the consumer space the 00:15:31.600 --> 00:15:33.540 align:start position:0% breakthrough into the consumer space the user<00:15:31.840> user<00:15:32.470> experience<00:15:32.980> once<00:15:33.160> in<00:15:33.280> a<00:15:33.340> game<00:15:33.520> for 00:15:33.540 --> 00:15:33.550 align:start position:0% user user experience once in a game for 00:15:33.550 --> 00:15:35.370 align:start position:0% user user experience once in a game for instance<00:15:33.790> should<00:15:34.210> be<00:15:34.360> excellent<00:15:34.840> but 00:15:35.370 --> 00:15:35.380 align:start position:0% instance should be excellent but 00:15:35.380 --> 00:15:37.530 align:start position:0% instance should be excellent but blockchain<00:15:35.920> UX<00:15:36.400> in<00:15:36.640> general<00:15:37.000> might<00:15:37.210> be<00:15:37.330> a<00:15:37.360> bit 00:15:37.530 --> 00:15:37.540 align:start position:0% blockchain UX in general might be a bit 00:15:37.540 --> 00:15:40.080 align:start position:0% blockchain UX in general might be a bit clunky<00:15:37.810> to<00:15:38.110> start<00:15:38.410> just<00:15:39.040> as<00:15:39.190> web<00:15:39.400> 1<00:15:39.640> and<00:15:39.880> free 00:15:40.080 --> 00:15:40.090 align:start position:0% clunky to start just as web 1 and free 00:15:40.090 --> 00:15:42.600 align:start position:0% clunky to start just as web 1 and free web<00:15:40.240> experiences<00:15:40.960> were<00:15:41.110> to<00:15:41.980> address<00:15:42.160> this<00:15:42.430> the 00:15:42.600 --> 00:15:42.610 align:start position:0% web experiences were to address this the 00:15:42.610 --> 00:15:44.490 align:start position:0% web experiences were to address this the consensus<00:15:43.060> Design<00:15:43.390> Group<00:15:43.570> is<00:15:43.780> developing<00:15:44.350> a 00:15:44.490 --> 00:15:44.500 align:start position:0% consensus Design Group is developing a 00:15:44.500 --> 00:15:46.260 align:start position:0% consensus Design Group is developing a design<00:15:44.890> system<00:15:45.220> and<00:15:45.610> language<00:15:45.970> called 00:15:46.260 --> 00:15:46.270 align:start position:0% design system and language called 00:15:46.270 --> 00:15:49.260 align:start position:0% design system and language called Rimbaud<00:15:46.800> similar<00:15:47.800> to<00:15:47.950> Google<00:15:48.280> material<00:15:48.850> but 00:15:49.260 --> 00:15:49.270 align:start position:0% Rimbaud similar to Google material but 00:15:49.270 --> 00:15:51.920 align:start position:0% Rimbaud similar to Google material but with<00:15:49.390> many<00:15:49.600> new<00:15:49.810> elements<00:15:50.260> unique<00:15:50.590> to<00:15:50.950> web<00:15:51.490> 3 00:15:51.920 --> 00:15:51.930 align:start position:0% with many new elements unique to web 3 00:15:51.930 --> 00:15:53.940 align:start position:0% with many new elements unique to web 3 we're<00:15:52.930> in<00:15:53.050> the<00:15:53.140> early<00:15:53.500> era<00:15:53.740> of 00:15:53.940 --> 00:15:53.950 align:start position:0% we're in the early era of 00:15:53.950 --> 00:15:56.519 align:start position:0% we're in the early era of decentralization<00:15:54.750> looking<00:15:55.750> at<00:15:55.900> our<00:15:56.080> wheedies 00:15:56.519 --> 00:15:56.529 align:start position:0% decentralization looking at our wheedies 00:15:56.529 --> 00:15:58.619 align:start position:0% decentralization looking at our wheedies centralized<00:15:56.889> yet.com<00:15:57.639> a<00:15:57.879> theorem<00:15:58.240> is<00:15:58.360> in<00:15:58.540> the 00:15:58.619 --> 00:15:58.629 align:start position:0% centralized yet.com a theorem is in the 00:15:58.629 --> 00:16:00.689 align:start position:0% centralized yet.com a theorem is in the lead<00:15:58.779> with<00:15:59.050> nearly<00:15:59.290> 20,000<00:16:00.129> public<00:16:00.490> nodes 00:16:00.689 --> 00:16:00.699 align:start position:0% lead with nearly 20,000 public nodes 00:16:00.699 --> 00:16:03.629 align:start position:0% lead with nearly 20,000 public nodes Bitcoin<00:16:01.360> has<00:16:01.540> nearly<00:16:01.899> 10,000<00:16:02.649> q2<00:16:03.339> nearly 00:16:03.629 --> 00:16:03.639 align:start position:0% Bitcoin has nearly 10,000 q2 nearly 00:16:03.639 --> 00:16:07.259 align:start position:0% Bitcoin has nearly 10,000 q2 nearly 5,000<00:16:04.480> and<00:16:04.600> -<00:16:04.749> or<00:16:05.110> 7,000<00:16:05.949> in<00:16:06.009> -<00:16:06.189> nearly<00:16:06.550> 5,000 00:16:07.259 --> 00:16:07.269 align:start position:0% 5,000 and - or 7,000 in - nearly 5,000 00:16:07.269 --> 00:16:09.869 align:start position:0% 5,000 and - or 7,000 in - nearly 5,000 34<00:16:08.259> percent<00:16:08.680> of<00:16:08.800> ether<00:16:09.100> is<00:16:09.220> held<00:16:09.399> in<00:16:09.550> the<00:16:09.670> top 00:16:09.869 --> 00:16:09.879 align:start position:0% 34 percent of ether is held in the top 00:16:09.879 --> 00:16:12.809 align:start position:0% 34 percent of ether is held in the top 100<00:16:10.360> accounts<00:16:10.600> 19<00:16:11.439> percent<00:16:11.800> of<00:16:11.860> Bitcoin<00:16:12.189> 75 00:16:12.809 --> 00:16:12.819 align:start position:0% 100 accounts 19 percent of Bitcoin 75 00:16:12.819 --> 00:16:14.579 align:start position:0% 100 accounts 19 percent of Bitcoin 75 percent<00:16:13.209> of<00:16:13.300> queue<00:16:13.480> time<00:16:13.600> and<00:16:13.779> 15<00:16:14.110> percent<00:16:14.319> of 00:16:14.579 --> 00:16:14.589 align:start position:0% percent of queue time and 15 percent of 00:16:14.589 --> 00:16:17.400 align:start position:0% percent of queue time and 15 percent of -<00:16:14.800> as<00:16:15.160> more<00:16:15.670> dabs<00:16:15.879> come<00:16:16.149> online<00:16:16.509> the<00:16:17.139> ether 00:16:17.400 --> 00:16:17.410 align:start position:0% - as more dabs come online the ether 00:16:17.410 --> 00:16:18.960 align:start position:0% - as more dabs come online the ether number<00:16:17.680> should<00:16:17.889> shrink<00:16:18.160> faster<00:16:18.699> than<00:16:18.879> the 00:16:18.960 --> 00:16:18.970 align:start position:0% number should shrink faster than the 00:16:18.970 --> 00:16:19.439 align:start position:0% number should shrink faster than the others 00:16:19.439 --> 00:16:19.449 align:start position:0% others 00:16:19.449 --> 00:16:21.929 align:start position:0% others Chinese<00:16:20.350> miners<00:16:20.769> dominate<00:16:21.160> Bitcoin<00:16:21.550> mining 00:16:21.929 --> 00:16:21.939 align:start position:0% Chinese miners dominate Bitcoin mining 00:16:21.939 --> 00:16:23.610 align:start position:0% Chinese miners dominate Bitcoin mining but<00:16:22.089> this<00:16:22.240> is<00:16:22.389> not<00:16:22.569> the<00:16:22.749> case<00:16:22.959> for<00:16:23.199> a<00:16:23.259> theorem 00:16:23.610 --> 00:16:23.620 align:start position:0% but this is not the case for a theorem 00:16:23.620 --> 00:16:25.590 align:start position:0% but this is not the case for a theorem I've<00:16:23.860> seen<00:16:24.100> lumber<00:16:24.399> numbers<00:16:24.759> as<00:16:24.910> low<00:16:25.059> as<00:16:25.180> 13% 00:16:25.590 --> 00:16:25.600 align:start position:0% I've seen lumber numbers as low as 13% 00:16:25.600 --> 00:16:28.259 align:start position:0% I've seen lumber numbers as low as 13% for<00:16:26.230> a<00:16:26.259> theorem<00:16:26.620> when<00:16:27.490> proof<00:16:27.879> of<00:16:28.029> stake 00:16:28.259 --> 00:16:28.269 align:start position:0% for a theorem when proof of stake 00:16:28.269 --> 00:16:29.910 align:start position:0% for a theorem when proof of stake arrives<00:16:28.600> the<00:16:28.839> low<00:16:28.959> barrier<00:16:29.230> to<00:16:29.379> entry<00:16:29.499> and 00:16:29.910 --> 00:16:29.920 align:start position:0% arrives the low barrier to entry and 00:16:29.920 --> 00:16:31.739 align:start position:0% arrives the low barrier to entry and lack<00:16:30.189> of<00:16:30.430> efficiencies<00:16:31.089> of<00:16:31.120> scale<00:16:31.269> will 00:16:31.739 --> 00:16:31.749 align:start position:0% lack of efficiencies of scale will 00:16:31.749 --> 00:16:33.749 align:start position:0% lack of efficiencies of scale will strongly<00:16:32.079> decentralized<00:16:32.949> validation<00:16:33.639> of 00:16:33.749 --> 00:16:33.759 align:start position:0% strongly decentralized validation of 00:16:33.759 --> 00:16:36.239 align:start position:0% strongly decentralized validation of transactions<00:16:34.420> on<00:16:34.600> a<00:16:34.629> theorem<00:16:35.019> if<00:16:35.860> theorem<00:16:36.160> is 00:16:36.239 --> 00:16:36.249 align:start position:0% transactions on a theorem if theorem is 00:16:36.249 --> 00:16:37.949 align:start position:0% transactions on a theorem if theorem is foreign<00:16:36.519> the<00:16:36.639> lead<00:16:36.819> as<00:16:37.029> a<00:16:37.059> viable<00:16:37.360> candidate 00:16:37.949 --> 00:16:37.959 align:start position:0% foreign the lead as a viable candidate 00:16:37.959 --> 00:16:40.590 align:start position:0% foreign the lead as a viable candidate for<00:16:38.230> the<00:16:38.319> base<00:16:38.499> trust<00:16:39.129> layer<00:16:39.399> and<00:16:39.730> it<00:16:40.209> may<00:16:40.389> be<00:16:40.449> a 00:16:40.590 --> 00:16:40.600 align:start position:0% for the base trust layer and it may be a 00:16:40.600 --> 00:16:42.509 align:start position:0% for the base trust layer and it may be a few<00:16:40.870> years<00:16:40.899> before<00:16:41.470> our<00:16:41.499> ecosystem<00:16:42.189> achieves 00:16:42.509 --> 00:16:42.519 align:start position:0% few years before our ecosystem achieves 00:16:42.519 --> 00:16:44.850 align:start position:0% few years before our ecosystem achieves profound<00:16:42.999> decentralization<00:16:43.870> in<00:16:44.259> the<00:16:44.680> base 00:16:44.850 --> 00:16:44.860 align:start position:0% profound decentralization in the base 00:16:44.860 --> 00:16:47.579 align:start position:0% profound decentralization in the base and<00:16:44.889> higher<00:16:45.279> layers<00:16:45.579> that's<00:16:46.329> ok<00:16:46.749> we<00:16:47.230> can<00:16:47.410> grow 00:16:47.579 --> 00:16:47.589 align:start position:0% and higher layers that's ok we can grow 00:16:47.589 --> 00:16:49.769 align:start position:0% and higher layers that's ok we can grow into<00:16:47.769> a<00:16:47.949> radically<00:16:48.519> decentralized<00:16:49.180> future<00:16:49.540> as 00:16:49.769 --> 00:16:49.779 align:start position:0% into a radically decentralized future as 00:16:49.779 --> 00:16:51.900 align:start position:0% into a radically decentralized future as we<00:16:50.259> have<00:16:50.350> lots<00:16:50.559> of<00:16:50.680> adoption<00:16:51.309> use<00:16:51.670> case 00:16:51.900 --> 00:16:51.910 align:start position:0% we have lots of adoption use case 00:16:51.910 --> 00:16:54.329 align:start position:0% we have lots of adoption use case exploration<00:16:52.600> and<00:16:52.779> definition<00:16:53.379> and<00:16:53.559> ui/ux 00:16:54.329 --> 00:16:54.339 align:start position:0% exploration and definition and ui/ux 00:16:54.339 --> 00:16:56.579 align:start position:0% exploration and definition and ui/ux issues<00:16:55.089> to<00:16:55.269> take<00:16:55.480> care<00:16:55.749> of<00:16:55.839> which<00:16:56.259> will<00:16:56.410> keep 00:16:56.579 --> 00:16:56.589 align:start position:0% issues to take care of which will keep 00:16:56.589 --> 00:16:58.369 align:start position:0% issues to take care of which will keep us<00:16:56.769> busy<00:16:56.920> for<00:16:57.129> a<00:16:57.339> few<00:16:57.399> years 00:16:58.369 --> 00:16:58.379 align:start position:0% us busy for a few years 00:16:58.379 --> 00:17:00.929 align:start position:0% us busy for a few years one<00:16:59.379> near-term<00:16:59.740> killer<00:17:00.009> app<00:17:00.220> that<00:17:00.430> started<00:17:00.819> to 00:17:00.929 --> 00:17:00.939 align:start position:0% one near-term killer app that started to 00:17:00.939 --> 00:17:03.420 align:start position:0% one near-term killer app that started to gain<00:17:01.059> traction<00:17:01.389> is<00:17:01.750> open<00:17:02.199> law<00:17:02.379> the<00:17:03.069> business 00:17:03.420 --> 00:17:03.430 align:start position:0% gain traction is open law the business 00:17:03.430 --> 00:17:05.659 align:start position:0% gain traction is open law the business model<00:17:03.759> of<00:17:03.850> many<00:17:04.059> law<00:17:04.299> firms<00:17:04.600> is<00:17:04.870> to<00:17:04.990> create 00:17:05.659 --> 00:17:05.669 align:start position:0% model of many law firms is to create 00:17:05.669 --> 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it the<00:17:13.240> trillion-dollar<00:17:13.659> global<00:17:14.289> legal 00:17:14.429 --> 00:17:14.439 align:start position:0% the trillion-dollar global legal 00:17:14.439 --> 00:17:16.559 align:start position:0% the trillion-dollar global legal industry<00:17:14.829> has<00:17:15.189> enabled<00:17:15.370> us<00:17:15.669> to<00:17:15.880> be<00:17:16.030> more<00:17:16.270> civil 00:17:16.559 --> 00:17:16.569 align:start position:0% industry has enabled us to be more civil 00:17:16.569 --> 00:17:18.419 align:start position:0% industry has enabled us to be more civil for<00:17:16.929> a<00:17:16.959> few<00:17:17.169> hundred<00:17:17.350> years<00:17:17.439> but<00:17:18.189> it<00:17:18.309> has 00:17:18.419 --> 00:17:18.429 align:start position:0% for a few hundred years but it has 00:17:18.429 --> 00:17:21.029 align:start position:0% for a few hundred years but it has evolved<00:17:18.880> into<00:17:19.030> a<00:17:19.179> pay-to-play<00:17:20.039> manufactured 00:17:21.029 --> 00:17:21.039 align:start position:0% evolved into a pay-to-play manufactured 00:17:21.039 --> 00:17:23.549 align:start position:0% evolved into a pay-to-play manufactured gatekeeping<00:17:21.640> function<00:17:22.289> open<00:17:23.289> law<00:17:23.409> is<00:17:23.470> a 00:17:23.549 --> 00:17:23.559 align:start position:0% gatekeeping function open law is a 00:17:23.559 --> 00:17:25.649 align:start position:0% gatekeeping function open law is a platform<00:17:24.069> for<00:17:24.309> blockchain<00:17:24.909> based<00:17:25.179> legally 00:17:25.649 --> 00:17:25.659 align:start position:0% platform for blockchain based legally 00:17:25.659 --> 00:17:27.689 align:start position:0% platform for blockchain based legally enforceable<00:17:26.079> agreements<00:17:26.770> the<00:17:27.250> protocol 00:17:27.689 --> 00:17:27.699 align:start position:0% enforceable agreements the protocol 00:17:27.699 --> 00:17:29.250 align:start position:0% enforceable agreements the protocol ingests<00:17:28.179> agreements<00:17:28.630> and<00:17:28.750> turns<00:17:28.990> them<00:17:29.169> into 00:17:29.250 --> 00:17:29.260 align:start position:0% ingests agreements and turns them into 00:17:29.260 --> 00:17:31.710 align:start position:0% ingests agreements and turns them into structured<00:17:30.010> computable<00:17:30.940> living<00:17:31.270> objects 00:17:31.710 --> 00:17:31.720 align:start position:0% structured computable living objects 00:17:31.720 --> 00:17:34.409 align:start position:0% structured computable living objects embedded<00:17:31.980> into<00:17:32.980> agreements<00:17:33.520> embedding<00:17:34.299> into 00:17:34.409 --> 00:17:34.419 align:start position:0% embedded into agreements embedding into 00:17:34.419 --> 00:17:35.820 align:start position:0% embedded into agreements embedding into agreements<00:17:34.929> variables<00:17:35.380> that<00:17:35.530> can<00:17:35.679> be 00:17:35.820 --> 00:17:35.830 align:start position:0% agreements variables that can be 00:17:35.830 --> 00:17:37.950 align:start position:0% agreements variables that can be assigned<00:17:36.070> values<00:17:36.580> like<00:17:36.940> names<00:17:37.210> numbers<00:17:37.720> and 00:17:37.950 --> 00:17:37.960 align:start position:0% assigned values like names numbers and 00:17:37.960 --> 00:17:40.110 align:start position:0% assigned values like names numbers and other<00:17:38.049> complex<00:17:38.590> logic<00:17:38.799> that<00:17:39.429> populate<00:17:40.000> the 00:17:40.110 --> 00:17:40.120 align:start position:0% other complex logic that populate the 00:17:40.120 --> 00:17:42.180 align:start position:0% other complex logic that populate the document<00:17:40.600> in<00:17:40.809> these<00:17:41.200> agreements<00:17:41.500> one<00:17:41.830> can<00:17:42.010> tie 00:17:42.180 --> 00:17:42.190 align:start position:0% document in these agreements one can tie 00:17:42.190 --> 00:17:44.460 align:start position:0% document in these agreements one can tie the<00:17:42.250> smart<00:17:42.669> contract<00:17:43.059> code<00:17:43.270> to<00:17:43.870> a<00:17:43.899> real-world 00:17:44.460 --> 00:17:44.470 align:start position:0% the smart contract code to a real-world 00:17:44.470 --> 00:17:46.710 align:start position:0% the smart contract code to a real-world agreement<00:17:45.100> which<00:17:45.880> renders<00:17:46.270> the<00:17:46.390> entire 00:17:46.710 --> 00:17:46.720 align:start position:0% agreement which renders the entire 00:17:46.720 --> 00:17:49.740 align:start position:0% agreement which renders the entire transaction<00:17:47.260> legally<00:17:47.890> enforceable<00:17:48.630> open<00:17:49.630> law 00:17:49.740 --> 00:17:49.750 align:start position:0% transaction legally enforceable open law 00:17:49.750 --> 00:17:51.180 align:start position:0% transaction legally enforceable open law is<00:17:49.929> developing<00:17:50.409> a<00:17:50.500> library<00:17:50.890> of<00:17:50.919> smart 00:17:51.180 --> 00:17:51.190 align:start position:0% is developing a library of smart 00:17:51.190 --> 00:17:52.770 align:start position:0% is developing a library of smart contract<00:17:51.700> components<00:17:52.240> that<00:17:52.419> can<00:17:52.539> be<00:17:52.659> easily 00:17:52.770 --> 00:17:52.780 align:start position:0% contract components that can be easily 00:17:52.780 --> 00:17:55.110 align:start position:0% contract components that can be easily plugged<00:17:53.200> into<00:17:53.440> any<00:17:53.710> arrangement<00:17:54.280> clauses<00:17:55.000> or 00:17:55.110 --> 00:17:55.120 align:start position:0% plugged into any arrangement clauses or 00:17:55.120 --> 00:17:56.940 align:start position:0% plugged into any arrangement clauses or agreements<00:17:55.570> can<00:17:55.659> be<00:17:55.780> assembled<00:17:56.080> like<00:17:56.380> Lego 00:17:56.940 --> 00:17:56.950 align:start position:0% agreements can be assembled like Lego 00:17:56.950 --> 00:17:58.980 align:start position:0% agreements can be assembled like Lego blocks<00:17:57.309> for<00:17:58.000> example<00:17:58.030> a<00:17:58.390> party<00:17:58.659> can<00:17:58.809> grab<00:17:58.960> a 00:17:58.980 --> 00:17:58.990 align:start position:0% blocks for example a party can grab a 00:17:58.990 --> 00:18:00.990 align:start position:0% blocks for example a party can grab a standard<00:17:59.470> open<00:17:59.530> law<00:17:59.799> based<00:18:00.070> escrow<00:18:00.460> agreement 00:18:00.990 --> 00:18:01.000 align:start position:0% standard open law based escrow agreement 00:18:01.000 --> 00:18:02.880 align:start position:0% standard open law based escrow agreement and<00:18:01.149> embed<00:18:01.360> a<00:18:01.390> smart<00:18:01.750> contract<00:18:01.960> test<00:18:02.740> grow 00:18:02.880 --> 00:18:02.890 align:start position:0% and embed a smart contract test grow 00:18:02.890 --> 00:18:04.710 align:start position:0% and embed a smart contract test grow money<00:18:03.100> tokens<00:18:03.669> or<00:18:03.789> other<00:18:03.970> blockchain<00:18:04.480> based 00:18:04.710 --> 00:18:04.720 align:start position:0% money tokens or other blockchain based 00:18:04.720 --> 00:18:07.289 align:start position:0% money tokens or other blockchain based assets<00:18:05.340> actions<00:18:06.340> can<00:18:06.610> be<00:18:06.730> triggered<00:18:07.120> when 00:18:07.289 --> 00:18:07.299 align:start position:0% assets actions can be triggered when 00:18:07.299 --> 00:18:09.480 align:start position:0% assets actions can be triggered when conditions<00:18:07.659> are<00:18:07.960> met<00:18:08.140> based<00:18:08.710> on<00:18:08.890> timing<00:18:09.190> or 00:18:09.480 --> 00:18:09.490 align:start position:0% conditions are met based on timing or 00:18:09.490 --> 00:18:10.409 align:start position:0% conditions are met based on timing or injected<00:18:09.970> or 00:18:10.409 --> 00:18:10.419 align:start position:0% injected or 00:18:10.419 --> 00:18:12.629 align:start position:0% injected or data<00:18:10.659> evidence<00:18:11.590> of<00:18:11.739> agreements<00:18:12.309> and<00:18:12.519> the 00:18:12.629 --> 00:18:12.639 align:start position:0% data evidence of agreements and the 00:18:12.639 --> 00:18:14.220 align:start position:0% data evidence of agreements and the counterparty<00:18:13.330> signatures<00:18:13.809> are<00:18:13.960> time-stamped 00:18:14.220 --> 00:18:14.230 align:start position:0% counterparty signatures are time-stamped 00:18:14.230 --> 00:18:16.289 align:start position:0% counterparty signatures are time-stamped on<00:18:14.710> the<00:18:14.830> blockchain<00:18:15.039> while<00:18:15.820> the<00:18:15.940> plain<00:18:16.149> text 00:18:16.289 --> 00:18:16.299 align:start position:0% on the blockchain while the plain text 00:18:16.299 --> 00:18:18.769 align:start position:0% on the blockchain while the plain text can<00:18:16.629> be<00:18:16.659> published<00:18:17.169> or<00:18:17.440> kept<00:18:17.739> confidential 00:18:18.769 --> 00:18:18.779 align:start position:0% can be published or kept confidential 00:18:18.779 --> 00:18:21.419 align:start position:0% can be published or kept confidential open<00:18:19.779> law<00:18:19.899> enables<00:18:20.289> peer-to-peer<00:18:20.769> digital 00:18:21.419 --> 00:18:21.429 align:start position:0% open law enables peer-to-peer digital 00:18:21.429 --> 00:18:23.879 align:start position:0% open law enables peer-to-peer digital contracting<00:18:22.419> our<00:18:22.989> legal<00:18:23.379> team<00:18:23.559> worked<00:18:23.739> with 00:18:23.879 --> 00:18:23.889 align:start position:0% contracting our legal team worked with 00:18:23.889 --> 00:18:25.349 align:start position:0% contracting our legal team worked with open<00:18:24.129> law<00:18:24.249> to<00:18:24.309> create<00:18:24.580> an<00:18:24.759> aetherium<00:18:25.149> based 00:18:25.349 --> 00:18:25.359 align:start position:0% open law to create an aetherium based 00:18:25.359 --> 00:18:28.200 align:start position:0% open law to create an aetherium based NDA<00:18:25.749> generator<00:18:26.669> accessible<00:18:27.669> by<00:18:27.820> all<00:18:28.029> our 00:18:28.200 --> 00:18:28.210 align:start position:0% NDA generator accessible by all our 00:18:28.210 --> 00:18:29.849 align:start position:0% NDA generator accessible by all our teams<00:18:28.480> as<00:18:28.720> we<00:18:28.840> are<00:18:28.960> integrating<00:18:29.440> open<00:18:29.710> law 00:18:29.849 --> 00:18:29.859 align:start position:0% teams as we are integrating open law 00:18:29.859 --> 00:18:32.039 align:start position:0% teams as we are integrating open law solutions<00:18:30.700> into<00:18:30.970> many<00:18:31.149> of<00:18:31.269> our<00:18:31.389> processes 00:18:32.039 --> 00:18:32.049 align:start position:0% solutions into many of our processes 00:18:32.049 --> 00:18:34.320 align:start position:0% solutions into many of our processes huija<00:18:32.799> music<00:18:33.190> for<00:18:33.340> instance<00:18:33.669> will<00:18:33.850> soon<00:18:34.119> use 00:18:34.320 --> 00:18:34.330 align:start position:0% huija music for instance will soon use 00:18:34.330 --> 00:18:35.970 align:start position:0% huija music for instance will soon use open<00:18:34.690> law<00:18:34.840> to<00:18:34.899> enable<00:18:35.320> artists<00:18:35.590> to<00:18:35.710> attach 00:18:35.970 --> 00:18:35.980 align:start position:0% open law to enable artists to attach 00:18:35.980 --> 00:18:39.119 align:start position:0% open law to enable artists to attach usage<00:18:36.460> policies<00:18:37.259> to<00:18:38.259> their<00:18:38.409> music<00:18:38.739> for 00:18:39.119 --> 00:18:39.129 align:start position:0% usage policies to their music for 00:18:39.129 --> 00:18:41.369 align:start position:0% usage policies to their music for instant<00:18:39.489> purchases<00:18:39.970> of<00:18:40.179> licenses<00:18:40.840> for 00:18:41.369 --> 00:18:41.379 align:start position:0% instant purchases of licenses for 00:18:41.379 --> 00:18:43.229 align:start position:0% instant purchases of licenses for download<00:18:41.830> streaming<00:18:42.369> public<00:18:42.730> performance 00:18:43.229 --> 00:18:43.239 align:start position:0% download streaming public performance 00:18:43.239 --> 00:18:44.909 align:start position:0% download streaming public performance synchronization<00:18:43.989> or<00:18:44.080> derivative<00:18:44.649> works 00:18:44.909 --> 00:18:44.919 align:start position:0% synchronization or derivative works 00:18:44.919 --> 00:18:47.759 align:start position:0% synchronization or derivative works Rocket<00:18:45.789> Lawyer<00:18:45.940> a<00:18:46.090> service<00:18:46.509> with<00:18:46.659> two<00:18:47.080> with 00:18:47.759 --> 00:18:47.769 align:start position:0% Rocket Lawyer a service with two with 00:18:47.769 --> 00:18:49.830 align:start position:0% Rocket Lawyer a service with two with twenty<00:18:48.129> million<00:18:48.340> users<00:18:48.879> is<00:18:49.299> embedding 00:18:49.830 --> 00:18:49.840 align:start position:0% twenty million users is embedding 00:18:49.840 --> 00:18:51.720 align:start position:0% twenty million users is embedding various<00:18:50.139> aspects<00:18:50.619> of<00:18:50.769> open<00:18:50.889> law<00:18:51.190> into<00:18:51.700> its 00:18:51.720 --> 00:18:51.730 align:start position:0% various aspects of open law into its 00:18:51.730 --> 00:18:56.369 align:start position:0% various aspects of open law into its platform<00:18:52.389> as<00:18:53.549> we<00:18:54.549> speak<00:18:54.970> open<00:18:55.869> law<00:18:56.019> just 00:18:56.369 --> 00:18:56.379 align:start position:0% platform as we speak open law just 00:18:56.379 --> 00:18:58.609 align:start position:0% platform as we speak open law just released<00:18:56.679> its<00:18:56.950> library<00:18:57.460> and<00:18:57.669> API 00:18:58.609 --> 00:18:58.619 align:start position:0% released its library and API 00:18:58.619 --> 00:19:01.259 align:start position:0% released its library and API David<00:18:59.619> you're<00:18:59.859> out<00:18:59.919> there<00:19:00.100> to<00:19:00.850> enable 00:19:01.259 --> 00:19:01.269 align:start position:0% David you're out there to enable 00:19:01.269 --> 00:19:03.239 align:start position:0% David you're out there to enable developers<00:19:01.779> to<00:19:02.019> build<00:19:02.169> on<00:19:02.409> top<00:19:02.440> of<00:19:02.830> open<00:19:02.950> law 00:19:03.239 --> 00:19:03.249 align:start position:0% developers to build on top of open law 00:19:03.249 --> 00:19:05.129 align:start position:0% developers to build on top of open law it's<00:19:03.850> converting<00:19:04.330> tens<00:19:04.570> of<00:19:04.720> thousands 00:19:05.129 --> 00:19:05.139 align:start position:0% it's converting tens of thousands 00:19:05.139 --> 00:19:07.019 align:start position:0% it's converting tens of thousands agreements<00:19:05.649> into<00:19:05.799> blockchain<00:19:06.340> compatible 00:19:07.019 --> 00:19:07.029 align:start position:0% agreements into blockchain compatible 00:19:07.029 --> 00:19:09.330 align:start position:0% agreements into blockchain compatible contracts<00:19:07.659> and<00:19:07.840> surfacing<00:19:08.799> them<00:19:08.980> through 00:19:09.330 --> 00:19:09.340 align:start position:0% contracts and surfacing them through 00:19:09.340 --> 00:19:10.889 align:start position:0% contracts and surfacing them through api's<00:19:09.850> and<00:19:10.210> agate<00:19:10.450> lat 00:19:10.889 --> 00:19:10.899 align:start position:0% api's and agate lat 00:19:10.899 --> 00:19:13.979 align:start position:0% api's and agate lat github<00:19:11.259> like<00:19:11.619> platform<00:19:11.919> type<00:19:12.879> open<00:19:13.179> law<00:19:13.359> into 00:19:13.979 --> 00:19:13.989 align:start position:0% github like platform type open law into 00:19:13.989 --> 00:19:16.499 align:start position:0% github like platform type open law into youtube<00:19:14.379> to<00:19:14.409> see<00:19:14.619> demos<00:19:15.129> of<00:19:15.509> decentralizing 00:19:16.499 --> 00:19:16.509 align:start position:0% youtube to see demos of decentralizing 00:19:16.509 --> 00:19:18.869 align:start position:0% youtube to see demos of decentralizing the<00:19:16.539> deal<00:19:16.809> or<00:19:17.169> blockchain<00:19:18.009> based<00:19:18.220> lending<00:19:18.489> or 00:19:18.869 --> 00:19:18.879 align:start position:0% the deal or blockchain based lending or 00:19:18.879 --> 00:19:22.830 align:start position:0% the deal or blockchain based lending or the<00:19:19.720> end-to-end<00:19:20.590> the<00:19:20.889> purchase<00:19:21.279> of<00:19:21.399> and<00:19:22.090> sale 00:19:22.830 --> 00:19:22.840 align:start position:0% the end-to-end the purchase of and sale 00:19:22.840 --> 00:19:25.049 align:start position:0% the end-to-end the purchase of and sale of<00:19:22.869> real<00:19:23.169> estate<00:19:23.230> property<00:19:24.039> it<00:19:24.759> will<00:19:24.879> be<00:19:25.029> a 00:19:25.049 --> 00:19:25.059 align:start position:0% of real estate property it will be a 00:19:25.059 --> 00:19:28.200 align:start position:0% of real estate property it will be a holy<00:19:25.600> moment<00:19:25.809> for<00:19:26.169> you<00:19:26.789> the<00:19:27.789> journalism 00:19:28.200 --> 00:19:28.210 align:start position:0% holy moment for you the journalism 00:19:28.210 --> 00:19:30.810 align:start position:0% holy moment for you the journalism industry<00:19:28.419> is<00:19:29.019> on<00:19:29.320> life<00:19:29.559> support<00:19:29.769> radio<00:19:30.580> TV 00:19:30.810 --> 00:19:30.820 align:start position:0% industry is on life support radio TV 00:19:30.820 --> 00:19:33.119 align:start position:0% industry is on life support radio TV print<00:19:30.970> have<00:19:31.450> been<00:19:32.080> rolled<00:19:32.350> up<00:19:32.529> and<00:19:32.739> are<00:19:32.859> owned 00:19:33.119 --> 00:19:33.129 align:start position:0% print have been rolled up and are owned 00:19:33.129 --> 00:19:35.310 align:start position:0% print have been rolled up and are owned by<00:19:33.460> a<00:19:33.489> few<00:19:33.759> holding<00:19:34.149> companies<00:19:34.539> or<00:19:34.720> funds<00:19:34.989> and 00:19:35.310 --> 00:19:35.320 align:start position:0% by a few holding companies or funds and 00:19:35.320 --> 00:19:38.460 align:start position:0% by a few holding companies or funds and are<00:19:35.409> being<00:19:35.649> milked<00:19:36.480> the<00:19:37.480> local<00:19:37.840> news<00:19:38.019> industry 00:19:38.460 --> 00:19:38.470 align:start position:0% are being milked the local news industry 00:19:38.470 --> 00:19:40.379 align:start position:0% are being milked the local news industry has<00:19:38.619> been<00:19:38.830> gutted<00:19:39.159> we<00:19:39.460> get<00:19:39.609> our<00:19:39.730> news<00:19:39.909> today<00:19:40.239> in 00:19:40.379 --> 00:19:40.389 align:start position:0% has been gutted we get our news today in 00:19:40.389 --> 00:19:41.940 align:start position:0% has been gutted we get our news today in sound<00:19:40.659> bytes<00:19:40.899> and<00:19:41.109> snippets<00:19:41.559> on<00:19:41.710> hyper 00:19:41.940 --> 00:19:41.950 align:start position:0% sound bytes and snippets on hyper 00:19:41.950 --> 00:19:43.889 align:start position:0% sound bytes and snippets on hyper stimulating<00:19:42.700> social<00:19:42.970> media<00:19:43.389> promoting 00:19:43.889 --> 00:19:43.899 align:start position:0% stimulating social media promoting 00:19:43.899 --> 00:19:46.409 align:start position:0% stimulating social media promoting basically<00:19:44.379> binary<00:19:44.799> views<00:19:45.220> subtlety<00:19:46.210> of 00:19:46.409 --> 00:19:46.419 align:start position:0% basically binary views subtlety of 00:19:46.419 --> 00:19:48.869 align:start position:0% basically binary views subtlety of issues<00:19:46.749> and<00:19:47.080> measure<00:19:47.379> discourses<00:19:47.980> lost<00:19:48.399> in 00:19:48.869 --> 00:19:48.879 align:start position:0% issues and measure discourses lost in 00:19:48.879 --> 00:19:50.999 align:start position:0% issues and measure discourses lost in such<00:19:49.539> a<00:19:49.570> context<00:19:50.109> how<00:19:50.259> can<00:19:50.409> we<00:19:50.529> adequately 00:19:50.999 --> 00:19:51.009 align:start position:0% such a context how can we adequately 00:19:51.009 --> 00:19:53.249 align:start position:0% such a context how can we adequately govern<00:19:51.429> ourselves<00:19:51.539> healthy<00:19:52.539> governance<00:19:53.080> is 00:19:53.249 --> 00:19:53.259 align:start position:0% govern ourselves healthy governance is 00:19:53.259 --> 00:19:55.019 align:start position:0% govern ourselves healthy governance is breaking<00:19:53.679> down<00:19:53.889> in<00:19:54.100> the<00:19:54.190> face<00:19:54.369> of<00:19:54.609> overlapping 00:19:55.019 --> 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position:0% emerging tools self sovereign identity blockchain<00:20:02.980> based<00:20:03.190> transparency 00:20:03.989 --> 00:20:03.999 align:start position:0% blockchain based transparency 00:20:03.999 --> 00:20:07.019 align:start position:0% blockchain based transparency cryptography<00:20:04.929> based<00:20:05.169> voting<00:20:05.619> systems<00:20:06.100> liquid 00:20:07.019 --> 00:20:07.029 align:start position:0% cryptography based voting systems liquid 00:20:07.029 --> 00:20:08.940 align:start position:0% cryptography based voting systems liquid democracy<00:20:07.659> and<00:20:07.869> quadratic<00:20:08.440> voting<00:20:08.799> to 00:20:08.940 --> 00:20:08.950 align:start position:0% democracy and quadratic voting to 00:20:08.950 --> 00:20:10.889 align:start position:0% democracy and quadratic voting to experiment<00:20:09.519> with<00:20:09.669> but<00:20:10.179> they're<00:20:10.359> useless<00:20:10.570> if 00:20:10.889 --> 00:20:10.899 align:start position:0% experiment with but they're useless if 00:20:10.899 --> 00:20:12.840 align:start position:0% experiment with but they're useless if we<00:20:11.019> can't<00:20:11.259> access<00:20:11.470> information<00:20:11.859> we<00:20:12.399> can<00:20:12.580> trust 00:20:12.840 --> 00:20:12.850 align:start position:0% we can't access information we can trust 00:20:12.850 --> 00:20:15.299 align:start position:0% we can't access information we can trust a<00:20:13.289> project<00:20:14.289> that<00:20:14.350> is<00:20:14.470> breaking<00:20:14.830> through<00:20:14.980> as<00:20:15.159> we 00:20:15.299 --> 00:20:15.309 align:start position:0% a project that is breaking through as we 00:20:15.309 --> 00:20:17.639 align:start position:0% a project that is breaking through as we speak<00:20:15.609> as<00:20:15.789> civil<00:20:16.149> a<00:20:16.359> platform<00:20:17.109> for<00:20:17.259> ethical 00:20:17.639 --> 00:20:17.649 align:start position:0% speak as civil a platform for ethical 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00:20:26.960 align:start position:0% exploring topical or regional news it 00:20:26.960 --> 00:20:29.230 align:start position:0% exploring topical or regional news it had<00:20:27.080> a<00:20:27.110> token<00:20:27.530> sale<00:20:27.740> for<00:20:28.250> a<00:20:28.280> consumer<00:20:28.610> utility 00:20:29.230 --> 00:20:29.240 align:start position:0% had a token sale for a consumer utility 00:20:29.240 --> 00:20:31.390 align:start position:0% had a token sale for a consumer utility token<00:20:29.659> there<00:20:30.200> was<00:20:30.320> the<00:20:30.470> most<00:20:30.740> and<00:20:31.100> least 00:20:31.390 --> 00:20:31.400 align:start position:0% token there was the most and least 00:20:31.400 --> 00:20:33.850 align:start position:0% token there was the most and least successful<00:20:31.880> token<00:20:32.360> sale<00:20:32.600> we've<00:20:32.840> run<00:20:33.110> most 00:20:33.850 --> 00:20:33.860 align:start position:0% successful token sale we've run most 00:20:33.860 --> 00:20:35.440 align:start position:0% successful token sale we've run most successful<00:20:34.370> and<00:20:34.490> that<00:20:34.580> it<00:20:34.730> attracted<00:20:35.240> far 00:20:35.440 --> 00:20:35.450 align:start position:0% successful and that it attracted far 00:20:35.450 --> 00:20:36.940 align:start position:0% successful and that it attracted far more<00:20:35.570> interested<00:20:36.020> parties<00:20:36.380> into<00:20:36.650> the<00:20:36.740> top<00:20:36.919> of 00:20:36.940 --> 00:20:36.950 align:start position:0% more interested parties into the top of 00:20:36.950 --> 00:20:38.890 align:start position:0% more interested parties into the top of the<00:20:37.159> marketing<00:20:37.549> funnel<00:20:37.760> than<00:20:38.270> we<00:20:38.480> had<00:20:38.659> yet 00:20:38.890 --> 00:20:38.900 align:start position:0% the marketing funnel than we had yet 00:20:38.900 --> 00:20:42.190 align:start position:0% the marketing funnel than we had yet seen<00:20:39.340> by<00:20:40.340> an<00:20:40.429> order<00:20:40.669> of<00:20:40.730> magnitude<00:20:41.080> but<00:20:42.080> the 00:20:42.190 --> 00:20:42.200 align:start position:0% seen by an order of magnitude but the 00:20:42.200 --> 00:20:43.810 align:start position:0% seen by an order of magnitude but the sale<00:20:42.409> failed<00:20:42.679> to<00:20:42.830> reach<00:20:42.980> its<00:20:43.220> target<00:20:43.460> for 00:20:43.810 --> 00:20:43.820 align:start position:0% sale failed to reach its target for 00:20:43.820 --> 00:20:46.450 align:start position:0% sale failed to reach its target for ui/ux<00:20:44.120> reasons<00:20:44.870> because<00:20:45.380> these<00:20:45.799> were<00:20:46.039> normal 00:20:46.450 --> 00:20:46.460 align:start position:0% ui/ux reasons because these were normal 00:20:46.460 --> 00:20:49.630 align:start position:0% ui/ux reasons because these were normal people<00:20:46.760> not<00:20:46.940> crypto<00:20:47.419> heads<00:20:47.659> and<00:20:48.460> because<00:20:49.460> we 00:20:49.630 --> 00:20:49.640 align:start position:0% people not crypto heads and because we 00:20:49.640 --> 00:20:51.250 align:start position:0% people not crypto heads and because we made<00:20:49.820> it<00:20:49.940> a<00:20:50.030> rigorous<00:20:50.360> process<00:20:50.570> forcing 00:20:51.250 --> 00:20:51.260 align:start position:0% made it a rigorous process forcing 00:20:51.260 --> 00:20:53.350 align:start position:0% made it a rigorous process forcing people<00:20:51.409> to<00:20:51.620> pass<00:20:52.010> a<00:20:52.039> test<00:20:52.490> ensuring<00:20:53.030> that<00:20:53.059> they 00:20:53.350 --> 00:20:53.360 align:start position:0% people to pass a test ensuring that they 00:20:53.360 --> 00:20:55.000 align:start position:0% people to pass a test ensuring that they knew<00:20:53.600> what<00:20:53.750> they<00:20:53.870> were<00:20:53.929> doing<00:20:54.049> and<00:20:54.799> they<00:20:54.980> were 00:20:55.000 --> 00:20:55.010 align:start position:0% knew what they were doing and they were 00:20:55.010 --> 00:20:56.710 align:start position:0% knew what they were doing and they were technically<00:20:55.580> accredited<00:20:56.210> to<00:20:56.360> purchase 00:20:56.710 --> 00:20:56.720 align:start position:0% technically accredited to purchase 00:20:56.720 --> 00:20:58.840 align:start position:0% technically accredited to purchase tokens<00:20:57.140> so<00:20:57.740> the<00:20:57.860> conversion<00:20:58.190> rate<00:20:58.460> of<00:20:58.490> people 00:20:58.840 --> 00:20:58.850 align:start position:0% tokens so the conversion rate of people 00:20:58.850 --> 00:21:01.450 align:start position:0% tokens so the conversion rate of people actually<00:20:59.240> able<00:20:59.720> to<00:20:59.900> unboard<00:21:00.350> to<00:21:00.980> the<00:21:01.070> system 00:21:01.450 --> 00:21:01.460 align:start position:0% actually able to unboard to the system 00:21:01.460 --> 00:21:03.520 align:start position:0% actually able to unboard to the system was<00:21:01.610> low<00:21:01.850> but<00:21:02.570> the<00:21:02.750> platform<00:21:02.960> will<00:21:03.350> launch 00:21:03.520 --> 00:21:03.530 align:start position:0% was low but the platform will launch 00:21:03.530 --> 00:21:05.440 align:start position:0% was low but the platform will launch anyway<00:21:03.950> and<00:21:04.220> we<00:21:04.520> will<00:21:04.669> get<00:21:04.820> know-how<00:21:05.240> and 00:21:05.440 --> 00:21:05.450 align:start position:0% anyway and we will get know-how and 00:21:05.450 --> 00:21:07.149 align:start position:0% anyway and we will get know-how and tokens<00:21:05.840> into<00:21:06.049> the<00:21:06.200> hands<00:21:06.500> of<00:21:06.559> the<00:21:06.679> interested 00:21:07.149 --> 00:21:07.159 align:start position:0% tokens into the hands of the interested 00:21:07.159 --> 00:21:09.970 align:start position:0% tokens into the hands of the interested parties<00:21:07.460> one<00:21:07.700> way<00:21:07.850> or<00:21:08.000> another<00:21:08.799> civil<00:21:09.799> has<00:21:09.950> a 00:21:09.970 --> 00:21:09.980 align:start position:0% parties one way or another civil has a 00:21:09.980 --> 00:21:11.799 align:start position:0% parties one way or another civil has a constitution<00:21:10.700> in<00:21:10.789> a<00:21:10.880> foundation<00:21:11.210> run<00:21:11.600> by<00:21:11.750> the 00:21:11.799 --> 00:21:11.809 align:start position:0% constitution in a foundation run by the 00:21:11.809 --> 00:21:13.990 align:start position:0% constitution in a foundation run by the former<00:21:12.230> CEO<00:21:12.470> of<00:21:12.620> National<00:21:12.950> Public<00:21:13.340> Radio<00:21:13.850> in 00:21:13.990 --> 00:21:14.000 align:start position:0% former CEO of National Public Radio in 00:21:14.000 --> 00:21:16.090 align:start position:0% former CEO of National Public Radio in the<00:21:14.090> US<00:21:14.409> newsrooms<00:21:15.409> of<00:21:15.620> Professional 00:21:16.090 --> 00:21:16.100 align:start position:0% the US newsrooms of Professional 00:21:16.100 --> 00:21:17.770 align:start position:0% the US newsrooms of Professional Journalists<00:21:16.580> have<00:21:16.700> formed<00:21:17.059> written<00:21:17.690> a 00:21:17.770 --> 00:21:17.780 align:start position:0% Journalists have formed written a 00:21:17.780 --> 00:21:19.899 align:start position:0% Journalists have formed written a charter<00:21:18.169> and<00:21:18.350> can<00:21:18.860> soon<00:21:19.100> attach<00:21:19.400> themselves 00:21:19.899 --> 00:21:19.909 align:start position:0% charter and can soon attach themselves 00:21:19.909 --> 00:21:22.060 align:start position:0% charter and can soon attach themselves to<00:21:20.030> a<00:21:20.150> token<00:21:20.570> curated<00:21:20.990> registry<00:21:21.470> by<00:21:21.620> staking 00:21:22.060 --> 00:21:22.070 align:start position:0% to a token curated registry by staking 00:21:22.070 --> 00:21:24.610 align:start position:0% to a token curated registry by staking tokens<00:21:22.490> if<00:21:22.669> they<00:21:23.150> act<00:21:23.299> unethically<00:21:23.720> their 00:21:24.610 --> 00:21:24.620 align:start position:0% tokens if they act unethically their 00:21:24.620 --> 00:21:26.049 align:start position:0% tokens if they act unethically their audience<00:21:25.010> can<00:21:25.220> challenge<00:21:25.520> them<00:21:25.730> and<00:21:25.880> perhaps 00:21:26.049 --> 00:21:26.059 align:start position:0% audience can challenge them and perhaps 00:21:26.059 --> 00:21:27.789 align:start position:0% audience can challenge them and perhaps have<00:21:26.450> them<00:21:26.600> bumped<00:21:26.900> them<00:21:27.049> bumped<00:21:27.679> off<00:21:27.770> the 00:21:27.789 --> 00:21:27.799 align:start position:0% have them bumped them bumped off the 00:21:27.799 --> 00:21:30.820 align:start position:0% have them bumped them bumped off the platform<00:21:28.190> The<00:21:29.000> Associated<00:21:29.390> Press<00:21:29.720> and<00:21:30.200> Forbes 00:21:30.820 --> 00:21:30.830 align:start position:0% platform The Associated Press and Forbes 00:21:30.830 --> 00:21:32.260 align:start position:0% platform The Associated Press and Forbes have<00:21:31.100> committed<00:21:31.520> to<00:21:31.640> operating<00:21:32.059> on<00:21:32.150> the 00:21:32.260 --> 00:21:32.270 align:start position:0% have committed to operating on the 00:21:32.270 --> 00:21:34.270 align:start position:0% have committed to operating on the platform<00:21:32.750> and<00:21:32.990> more<00:21:33.500> announcements<00:21:34.070> are<00:21:34.190> in 00:21:34.270 --> 00:21:34.280 align:start position:0% platform and more announcements are in 00:21:34.280 --> 00:21:37.240 align:start position:0% platform and more announcements are in the<00:21:34.370> offing<00:21:35.500> violent<00:21:36.500> our<00:21:36.620> supply<00:21:36.980> chain 00:21:37.240 --> 00:21:37.250 align:start position:0% the offing violent our supply chain 00:21:37.250 --> 00:21:38.880 align:start position:0% the offing violent our supply chain track<00:21:37.460> and<00:21:37.640> trace<00:21:37.789> product<00:21:38.240> and<00:21:38.390> team<00:21:38.600> is 00:21:38.880 --> 00:21:38.890 align:start position:0% track and trace product and team is 00:21:38.890 --> 00:21:40.960 align:start position:0% track and trace product and team is reimagining<00:21:39.890> a<00:21:40.010> world<00:21:40.220> where<00:21:40.460> trust<00:21:40.760> and 00:21:40.960 --> 00:21:40.970 align:start position:0% reimagining a world where trust and 00:21:40.970 --> 00:21:42.909 align:start position:0% reimagining a world where trust and transparency<00:21:41.179> are<00:21:41.780> incorporated<00:21:42.650> into<00:21:42.830> the 00:21:42.909 --> 00:21:42.919 align:start position:0% transparency are incorporated into the 00:21:42.919 --> 00:21:45.340 align:start position:0% transparency are incorporated into the goods<00:21:43.190> we<00:21:43.730> buy<00:21:43.940> every<00:21:44.240> day<00:21:44.419> this<00:21:44.929> summer<00:21:45.140> the 00:21:45.340 --> 00:21:45.350 align:start position:0% goods we buy every day this summer the 00:21:45.350 --> 00:21:46.419 align:start position:0% goods we buy every day this summer the team<00:21:45.530> working<00:21:45.740> with<00:21:45.860> the<00:21:46.070> World<00:21:46.190> Wildlife 00:21:46.419 --> 00:21:46.429 align:start position:0% team working with the World Wildlife 00:21:46.429 --> 00:21:48.909 align:start position:0% team working with the World Wildlife Foundation<00:21:46.909> served<00:21:47.570> yellowfin<00:21:48.140> in<00:21:48.350> albacore 00:21:48.909 --> 00:21:48.919 align:start position:0% Foundation served yellowfin in albacore 00:21:48.919 --> 00:21:51.940 align:start position:0% Foundation served yellowfin in albacore tuna<00:21:49.419> that<00:21:50.450> etherial<00:21:50.929> participants<00:21:51.710> in<00:21:51.830> New 00:21:51.940 --> 00:21:51.950 align:start position:0% tuna that etherial participants in New 00:21:51.950 --> 00:21:54.370 align:start position:0% tuna that etherial participants in New York<00:21:52.159> could<00:21:52.429> trustingly<00:21:52.909> consume<00:21:53.480> able<00:21:54.260> to 00:21:54.370 --> 00:21:54.380 align:start position:0% York could trustingly consume able to 00:21:54.380 --> 00:21:55.899 align:start position:0% York could trustingly consume able to track<00:21:54.590> the<00:21:54.740> journey<00:21:54.980> of<00:21:55.130> the<00:21:55.250> fish<00:21:55.460> from<00:21:55.669> bait 00:21:55.899 --> 00:21:55.909 align:start position:0% track the journey of the fish from bait 00:21:55.909 --> 00:21:59.020 align:start position:0% track the journey of the fish from bait to<00:21:56.150> plate<00:21:56.390> via<00:21:57.020> an<00:21:57.320> app<00:21:57.520> very<00:21:58.520> soon<00:21:58.789> you'll<00:21:58.909> be 00:21:59.020 --> 00:21:59.030 align:start position:0% to plate via an app very soon you'll be 00:21:59.030 --> 00:22:00.220 align:start position:0% to plate via an app very soon you'll be able<00:21:59.120> to<00:21:59.299> experience<00:21:59.690> the<00:21:59.780> same<00:21:59.929> as<00:22:00.110> this 00:22:00.220 --> 00:22:00.230 align:start position:0% able to experience the same as this 00:22:00.230 --> 00:22:02.110 align:start position:0% able to experience the same as this technology<00:22:00.440> rolls<00:22:01.010> out<00:22:01.190> to<00:22:01.220> consumers<00:22:01.880> buying 00:22:02.110 --> 00:22:02.120 align:start position:0% technology rolls out to consumers buying 00:22:02.120 --> 00:22:03.430 align:start position:0% technology rolls out to consumers buying tuna<00:22:02.510> and<00:22:02.570> retail<00:22:02.990> stores 00:22:03.430 --> 00:22:03.440 align:start position:0% tuna and retail stores 00:22:03.440 --> 00:22:05.140 align:start position:0% tuna and retail stores the<00:22:04.159> vayan<00:22:04.370> team<00:22:04.580> is<00:22:04.730> applying<00:22:05.030> the 00:22:05.140 --> 00:22:05.150 align:start position:0% the vayan team is applying the 00:22:05.150 --> 00:22:06.460 align:start position:0% the vayan team is applying the fundamentals<00:22:05.840> of<00:22:05.960> the<00:22:06.049> bait<00:22:06.169> to<00:22:06.320> play 00:22:06.460 --> 00:22:06.470 align:start position:0% fundamentals of the bait to play 00:22:06.470 --> 00:22:08.230 align:start position:0% fundamentals of the bait to play technology<00:22:06.710> to<00:22:07.250> bring<00:22:07.490> transparency<00:22:07.760> to 00:22:08.230 --> 00:22:08.240 align:start position:0% technology to bring transparency to 00:22:08.240 --> 00:22:10.779 align:start position:0% technology to bring transparency to other<00:22:08.840> consumer<00:22:09.559> products<00:22:09.980> imagine<00:22:10.700> the 00:22:10.779 --> 00:22:10.789 align:start position:0% other consumer products imagine the 00:22:10.789 --> 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end<00:22:17.150> product<00:22:17.690> all<00:22:17.809> this<00:22:18.409> verifiable 00:22:19.090 --> 00:22:19.100 align:start position:0% to the end product all this verifiable 00:22:19.100 --> 00:22:21.820 align:start position:0% to the end product all this verifiable and<00:22:19.220> anchored<00:22:19.549> on<00:22:19.669> aetherium<00:22:20.830> consensus 00:22:21.820 --> 00:22:21.830 align:start position:0% and anchored on aetherium consensus 00:22:21.830 --> 00:22:24.430 align:start position:0% and anchored on aetherium consensus invests<00:22:22.340> in<00:22:22.460> our<00:22:22.549> product<00:22:23.000> teams<00:22:23.440> education 00:22:24.430 --> 00:22:24.440 align:start position:0% invests in our product teams education 00:22:24.440 --> 00:22:26.140 align:start position:0% invests in our product teams education and<00:22:24.650> events<00:22:25.070> and<00:22:25.309> we<00:22:25.429> Co<00:22:25.610> venture<00:22:26.000> with 00:22:26.140 --> 00:22:26.150 align:start position:0% and events and we Co venture with 00:22:26.150 --> 00:22:28.419 align:start position:0% and events and we Co venture with existing<00:22:26.450> companies<00:22:27.020> our<00:22:27.590> ventures<00:22:28.010> arm<00:22:28.220> has 00:22:28.419 --> 00:22:28.429 align:start position:0% existing companies our ventures arm has 00:22:28.429 --> 00:22:30.220 align:start position:0% existing companies our ventures arm has made<00:22:28.610> 30-plus<00:22:29.120> investments<00:22:29.690> in<00:22:29.780> a<00:22:29.870> theorem 00:22:30.220 --> 00:22:30.230 align:start position:0% made 30-plus investments in a theorem 00:22:30.230 --> 00:22:32.380 align:start position:0% made 30-plus investments in a theorem and<00:22:30.470> related<00:22:30.860> startups<00:22:31.340> we're<00:22:32.000> working<00:22:32.270> to 00:22:32.380 --> 00:22:32.390 align:start position:0% and related startups we're working to 00:22:32.390 --> 00:22:33.789 align:start position:0% and related startups we're working to build<00:22:32.510> out<00:22:32.720> the<00:22:32.870> token<00:22:33.200> economy<00:22:33.649> from 00:22:33.789 --> 00:22:33.799 align:start position:0% build out the token economy from 00:22:33.799 --> 00:22:35.500 align:start position:0% build out the token economy from defining<00:22:34.280> standards<00:22:34.820> and<00:22:35.090> evolving 00:22:35.500 --> 00:22:35.510 align:start position:0% defining standards and evolving 00:22:35.510 --> 00:22:37.480 align:start position:0% defining standards and evolving legalities<00:22:36.080> globally<00:22:36.740> to<00:22:37.159> the 00:22:37.480 --> 00:22:37.490 align:start position:0% legalities globally to the 00:22:37.490 --> 00:22:38.799 align:start position:0% legalities globally to the creation<00:22:37.760> issuance<00:22:38.150> exchange<00:22:38.600> and 00:22:38.799 --> 00:22:38.809 align:start position:0% creation issuance exchange and 00:22:38.809 --> 00:22:41.169 align:start position:0% creation issuance exchange and management<00:22:39.290> of<00:22:39.380> tokens<00:22:39.800> we<00:22:40.340> see<00:22:40.550> all<00:22:40.820> of<00:22:40.880> this 00:22:41.169 --> 00:22:41.179 align:start position:0% management of tokens we see all of this 00:22:41.179 --> 00:22:43.720 align:start position:0% management of tokens we see all of this as<00:22:41.390> the<00:22:41.900> evolving<00:22:42.410> democratization<00:22:43.340> of 00:22:43.720 --> 00:22:43.730 align:start position:0% as the evolving democratization of 00:22:43.730 --> 00:22:46.690 align:start position:0% as the evolving democratization of Finance<00:22:44.470> yesterday<00:22:45.470> we<00:22:45.620> released<00:22:45.830> the<00:22:46.220> covin 00:22:46.690 --> 00:22:46.700 align:start position:0% Finance yesterday we released the covin 00:22:46.700 --> 00:22:49.600 align:start position:0% Finance yesterday we released the covin or<00:22:46.910> Co<00:22:47.210> venturing<00:22:47.690> project<00:22:48.230> Kovan<00:22:49.130> is<00:22:49.250> an<00:22:49.370> open 00:22:49.600 --> 00:22:49.610 align:start position:0% or Co venturing project Kovan is an open 00:22:49.610 --> 00:22:51.520 align:start position:0% or Co venturing project Kovan is an open platform<00:22:49.790> for<00:22:50.090> venture<00:22:50.540> capital<00:22:50.570> investment 00:22:51.520 --> 00:22:51.530 align:start position:0% platform for venture capital investment 00:22:51.530 --> 00:22:54.220 align:start position:0% platform for venture capital investment on<00:22:51.679> Kovan<00:22:52.460> prospectors<00:22:53.300> proposed<00:22:53.720> companies 00:22:54.220 --> 00:22:54.230 align:start position:0% on Kovan prospectors proposed companies 00:22:54.230 --> 00:22:56.440 align:start position:0% on Kovan prospectors proposed companies for<00:22:54.500> possible<00:22:54.860> investment<00:22:55.309> subject<00:22:56.300> matter 00:22:56.440 --> 00:22:56.450 align:start position:0% for possible investment subject matter 00:22:56.450 --> 00:22:58.360 align:start position:0% for possible investment subject matter expert<00:22:56.960> experts<00:22:57.559> can<00:22:57.740> diligence<00:22:58.160> these 00:22:58.360 --> 00:22:58.370 align:start position:0% expert experts can diligence these 00:22:58.370 --> 00:23:00.940 align:start position:0% expert experts can diligence these projects<00:22:59.020> facilitated<00:23:00.020> by<00:23:00.170> a<00:23:00.200> staking<00:23:00.740> game 00:23:00.940 --> 00:23:00.950 align:start position:0% projects facilitated by a staking game 00:23:00.950 --> 00:23:03.100 align:start position:0% projects facilitated by a staking game and<00:23:01.160> investors<00:23:01.910> can<00:23:02.090> either<00:23:02.240> challenge<00:23:02.870> and 00:23:03.100 --> 00:23:03.110 align:start position:0% and investors can either challenge and 00:23:03.110 --> 00:23:04.630 align:start position:0% and investors can either challenge and capture<00:23:03.470> the<00:23:03.590> stakes<00:23:03.860> or<00:23:04.070> invest<00:23:04.370> in<00:23:04.520> the 00:23:04.630 --> 00:23:04.640 align:start position:0% capture the stakes or invest in the 00:23:04.640 --> 00:23:07.210 align:start position:0% capture the stakes or invest in the projects<00:23:05.150> I<00:23:05.559> expect<00:23:06.559> it<00:23:06.679> will<00:23:06.770> improve<00:23:07.040> access 00:23:07.210 --> 00:23:07.220 align:start position:0% projects I expect it will improve access 00:23:07.220 --> 00:23:09.160 align:start position:0% projects I expect it will improve access to<00:23:07.550> capital<00:23:07.700> while<00:23:08.090> greater<00:23:08.390> expertise<00:23:08.990> is 00:23:09.160 --> 00:23:09.170 align:start position:0% to capital while greater expertise is 00:23:09.170 --> 00:23:11.320 align:start position:0% to capital while greater expertise is brought<00:23:09.380> to<00:23:09.530> bear<00:23:09.710> to<00:23:09.950> diligence<00:23:10.730> projects 00:23:11.320 --> 00:23:11.330 align:start position:0% brought to bear to diligence projects 00:23:11.330 --> 00:23:13.150 align:start position:0% brought to bear to diligence projects and<00:23:11.480> good<00:23:11.630> projects<00:23:12.110> get<00:23:12.260> broader<00:23:12.679> exposure 00:23:13.150 --> 00:23:13.160 align:start position:0% and good projects get broader exposure 00:23:13.160 --> 00:23:16.090 align:start position:0% and good projects get broader exposure and<00:23:13.550> to<00:23:13.760> end<00:23:13.940> stakeholder<00:23:14.540> ship<00:23:15.100> consensus 00:23:16.090 --> 00:23:16.100 align:start position:0% and to end stakeholder ship consensus 00:23:16.100 --> 00:23:18.190 align:start position:0% and to end stakeholder ship consensus makes<00:23:16.309> monetary<00:23:16.820> investments<00:23:17.420> but<00:23:17.809> like<00:23:18.020> all 00:23:18.190 --> 00:23:18.200 align:start position:0% makes monetary investments but like all 00:23:18.200 --> 00:23:19.960 align:start position:0% makes monetary investments but like all of<00:23:18.380> you<00:23:18.500> out<00:23:18.650> there<00:23:18.679> our<00:23:19.010> dearest<00:23:19.340> investment 00:23:19.960 --> 00:23:19.970 align:start position:0% of you out there our dearest investment 00:23:19.970 --> 00:23:21.669 align:start position:0% of you out there our dearest investment involves<00:23:20.510> the<00:23:20.660> heart<00:23:20.870> and<00:23:20.990> soul<00:23:21.170> that<00:23:21.200> we<00:23:21.440> put 00:23:21.669 --> 00:23:21.679 align:start position:0% involves the heart and soul that we put 00:23:21.679 --> 00:23:23.860 align:start position:0% involves the heart and soul that we put into<00:23:21.950> our<00:23:22.100> work<00:23:22.429> we're<00:23:23.240> constantly<00:23:23.540> working 00:23:23.860 --> 00:23:23.870 align:start position:0% into our work we're constantly working 00:23:23.870 --> 00:23:25.720 align:start position:0% into our work we're constantly working to<00:23:24.080> apply<00:23:24.380> our<00:23:24.559> approach<00:23:24.860> and<00:23:25.100> our<00:23:25.190> tools<00:23:25.460> to 00:23:25.720 --> 00:23:25.730 align:start position:0% to apply our approach and our tools to 00:23:25.730 --> 00:23:28.390 align:start position:0% to apply our approach and our tools to our<00:23:25.820> own<00:23:26.030> internal<00:23:26.510> prop<00:23:27.250> organization<00:23:28.250> and 00:23:28.390 --> 00:23:28.400 align:start position:0% our own internal prop organization and 00:23:28.400 --> 00:23:30.850 align:start position:0% our own internal prop organization and processes<00:23:29.170> consensus<00:23:30.170> endeavors<00:23:30.590> to<00:23:30.620> be<00:23:30.830> a 00:23:30.850 --> 00:23:30.860 align:start position:0% processes consensus endeavors to be a 00:23:30.860 --> 00:23:32.470 align:start position:0% processes consensus endeavors to be a flat<00:23:31.130> organization<00:23:31.340> and<00:23:31.940> we've<00:23:32.030> developed 00:23:32.470 --> 00:23:32.480 align:start position:0% flat organization and we've developed 00:23:32.480 --> 00:23:34.840 align:start position:0% flat organization and we've developed novel<00:23:33.050> software<00:23:33.679> and<00:23:33.800> processes<00:23:34.309> to<00:23:34.490> help<00:23:34.670> us 00:23:34.840 --> 00:23:34.850 align:start position:0% novel software and processes to help us 00:23:34.850 --> 00:23:37.510 align:start position:0% novel software and processes to help us in<00:23:35.000> that<00:23:35.030> regard<00:23:35.350> so<00:23:36.350> bold<00:23:36.559> I<00:23:36.950> owe<00:23:36.980> is<00:23:37.490> a 00:23:37.510 --> 00:23:37.520 align:start position:0% in that regard so bold I owe is a 00:23:37.520 --> 00:23:39.510 align:start position:0% in that regard so bold I owe is a project<00:23:38.090> that<00:23:38.240> used<00:23:38.420> to<00:23:38.570> be<00:23:38.660> called<00:23:38.900> TMNT 00:23:39.510 --> 00:23:39.520 align:start position:0% project that used to be called TMNT 00:23:39.520 --> 00:23:41.770 align:start position:0% project that used to be called TMNT traditional<00:23:40.520> management<00:23:40.780> nullification 00:23:41.770 --> 00:23:41.780 align:start position:0% traditional management nullification 00:23:41.780 --> 00:23:43.630 align:start position:0% traditional management nullification tool<00:23:42.050> we<00:23:42.620> had<00:23:42.770> to<00:23:42.860> change<00:23:43.040> the<00:23:43.160> name<00:23:43.280> for 00:23:43.630 --> 00:23:43.640 align:start position:0% tool we had to change the name for 00:23:43.640 --> 00:23:46.180 align:start position:0% tool we had to change the name for obvious<00:23:43.910> reasons<00:23:44.330> so<00:23:45.290> ball<00:23:45.470> dot<00:23:45.650> IO<00:23:45.800> is<00:23:46.160> a 00:23:46.180 --> 00:23:46.190 align:start position:0% obvious reasons so ball dot IO is a 00:23:46.190 --> 00:23:47.919 align:start position:0% obvious reasons so ball dot IO is a cross<00:23:46.520> between<00:23:46.760> a<00:23:47.030> corporate<00:23:47.510> intranet 00:23:47.919 --> 00:23:47.929 align:start position:0% cross between a corporate intranet 00:23:47.929 --> 00:23:50.350 align:start position:0% cross between a corporate intranet LinkedIn<00:23:48.559> and<00:23:48.800> kill<00:23:49.400> management<00:23:49.970> software 00:23:50.350 --> 00:23:50.360 align:start position:0% LinkedIn and kill management software 00:23:50.360 --> 00:23:51.730 align:start position:0% LinkedIn and kill management software like<00:23:50.510> systems<00:23:50.929> designed<00:23:51.290> to<00:23:51.440> support 00:23:51.730 --> 00:23:51.740 align:start position:0% like systems designed to support 00:23:51.740 --> 00:23:55.890 align:start position:0% like systems designed to support holacracy<00:23:52.179> teal<00:23:53.179> organizations<00:23:53.870> are<00:23:54.050> or 00:23:55.890 --> 00:23:55.900 align:start position:0% holacracy teal organizations are or 00:23:55.900 --> 00:23:58.240 align:start position:0% holacracy teal organizations are or governance<00:23:56.900> and<00:23:57.110> day-to-day<00:23:57.260> operations 00:23:58.240 --> 00:23:58.250 align:start position:0% governance and day-to-day operations 00:23:58.250 --> 00:24:00.970 align:start position:0% governance and day-to-day operations the<00:23:58.670> teal<00:23:58.910> paradigm<00:23:59.470> envisions<00:24:00.470> the<00:24:00.650> company 00:24:00.970 --> 00:24:00.980 align:start position:0% the teal paradigm envisions the company 00:24:00.980 --> 00:24:02.590 align:start position:0% the teal paradigm envisions the company as<00:24:01.070> an<00:24:01.190> organism<00:24:01.550> with<00:24:01.820> various<00:24:02.150> functional 00:24:02.590 --> 00:24:02.600 align:start position:0% as an organism with various functional 00:24:02.600 --> 00:24:04.990 align:start position:0% as an organism with various functional organs<00:24:02.990> and<00:24:03.230> lots<00:24:03.830> of<00:24:04.010> measurement<00:24:04.490> processes 00:24:04.990 --> 00:24:05.000 align:start position:0% organs and lots of measurement processes 00:24:05.000 --> 00:24:06.730 align:start position:0% organs and lots of measurement processes and<00:24:05.270> feedback<00:24:05.600> loops<00:24:05.630> designed<00:24:06.290> to<00:24:06.440> keep<00:24:06.590> the 00:24:06.730 --> 00:24:06.740 align:start position:0% and feedback loops designed to keep the 00:24:06.740 --> 00:24:08.950 align:start position:0% and feedback loops designed to keep the organism<00:24:07.220> healthy<00:24:07.610> without<00:24:08.300> traditional<00:24:08.510> org 00:24:08.950 --> 00:24:08.960 align:start position:0% organism healthy without traditional org 00:24:08.960 --> 00:24:11.680 align:start position:0% organism healthy without traditional org charts<00:24:09.380> and<00:24:09.620> managers<00:24:10.250> everyone<00:24:11.090> can<00:24:11.540> log 00:24:11.680 --> 00:24:11.690 align:start position:0% charts and managers everyone can log 00:24:11.690 --> 00:24:13.480 align:start position:0% charts and managers everyone can log into<00:24:11.990> their<00:24:12.110> Sobel<00:24:12.470> profile<00:24:12.890> from<00:24:13.190> there<00:24:13.340> you 00:24:13.480 --> 00:24:13.490 align:start position:0% into their Sobel profile from there you 00:24:13.490 --> 00:24:15.430 align:start position:0% into their Sobel profile from there you port<00:24:13.760> we<00:24:14.270> can<00:24:14.450> see<00:24:14.600> how<00:24:14.750> consensus<00:24:15.290> is 00:24:15.430 --> 00:24:15.440 align:start position:0% port we can see how consensus is 00:24:15.440 --> 00:24:17.710 align:start position:0% port we can see how consensus is organized<00:24:15.890> as<00:24:16.130> circles<00:24:16.490> within<00:24:16.700> circles<00:24:16.850> with 00:24:17.710 --> 00:24:17.720 align:start position:0% organized as circles within circles with 00:24:17.720 --> 00:24:19.299 align:start position:0% organized as circles within circles with each<00:24:17.870> having<00:24:18.110> its<00:24:18.200> own<00:24:18.410> identity<00:24:18.590> vision 00:24:19.299 --> 00:24:19.309 align:start position:0% each having its own identity vision 00:24:19.309 --> 00:24:21.570 align:start position:0% each having its own identity vision mission<00:24:19.490> values<00:24:19.840> operations<00:24:20.840> and<00:24:21.170> lifecycle 00:24:21.570 --> 00:24:21.580 align:start position:0% mission values operations and lifecycle 00:24:21.580 --> 00:24:23.680 align:start position:0% mission values operations and lifecycle people<00:24:22.580> are<00:24:22.700> associated<00:24:23.240> with<00:24:23.270> different 00:24:23.680 --> 00:24:23.690 align:start position:0% people are associated with different 00:24:23.690 --> 00:24:25.810 align:start position:0% people are associated with different projects<00:24:24.140> and<00:24:24.350> their<00:24:24.950> percent<00:24:25.309> of<00:24:25.400> attention 00:24:25.810 --> 00:24:25.820 align:start position:0% projects and their percent of attention 00:24:25.820 --> 00:24:28.510 align:start position:0% projects and their percent of attention to<00:24:25.880> those<00:24:26.059> projects<00:24:26.540> is<00:24:26.660> depicted<00:24:27.340> ok<00:24:28.340> ours 00:24:28.510 --> 00:24:28.520 align:start position:0% to those projects is depicted ok ours 00:24:28.520 --> 00:24:30.430 align:start position:0% to those projects is depicted ok ours and<00:24:28.730> KPIs<00:24:29.030> can<00:24:29.360> be<00:24:29.480> defined<00:24:29.840> for<00:24:30.050> people<00:24:30.380> in 00:24:30.430 --> 00:24:30.440 align:start position:0% and KPIs can be defined for people in 00:24:30.440 --> 00:24:33.340 align:start position:0% and KPIs can be defined for people in projects<00:24:30.980> and<00:24:31.130> soon<00:24:31.820> an<00:24:32.120> agreements<00:24:32.990> tooling 00:24:33.340 --> 00:24:33.350 align:start position:0% projects and soon an agreements tooling 00:24:33.350 --> 00:24:35.470 align:start position:0% projects and soon an agreements tooling will<00:24:33.470> be<00:24:33.590> offered<00:24:33.980> so<00:24:34.220> that<00:24:34.250> two<00:24:34.850> people<00:24:35.210> and 00:24:35.470 --> 00:24:35.480 align:start position:0% will be offered so that two people and 00:24:35.480 --> 00:24:37.390 align:start position:0% will be offered so that two people and people<00:24:35.960> a<00:24:36.230> person<00:24:36.559> and<00:24:36.679> a<00:24:36.770> team<00:24:36.950> or<00:24:37.130> a<00:24:37.160> team 00:24:37.390 --> 00:24:37.400 align:start position:0% people a person and a team or a team 00:24:37.400 --> 00:24:39.370 align:start position:0% people a person and a team or a team itself<00:24:37.790> can<00:24:38.360> Forge<00:24:38.690> the<00:24:38.900> operating 00:24:39.370 --> 00:24:39.380 align:start position:0% itself can Forge the operating 00:24:39.380 --> 00:24:41.710 align:start position:0% itself can Forge the operating agreements<00:24:39.920> yes<00:24:40.220> using<00:24:40.460> open<00:24:40.820> law<00:24:40.970> by<00:24:41.540> which 00:24:41.710 --> 00:24:41.720 align:start position:0% agreements yes using open law by which 00:24:41.720 --> 00:24:44.140 align:start position:0% agreements yes using open law by which they<00:24:41.929> pledge<00:24:42.170> to<00:24:42.440> interact<00:24:43.150> consensus 00:24:44.140 --> 00:24:44.150 align:start position:0% they pledge to interact consensus 00:24:44.150 --> 00:24:46.120 align:start position:0% they pledge to interact consensus members<00:24:44.540> self-organized<00:24:45.290> nobody<00:24:45.830> tells 00:24:46.120 --> 00:24:46.130 align:start position:0% members self-organized nobody tells 00:24:46.130 --> 00:24:48.250 align:start position:0% members self-organized nobody tells anyone<00:24:46.520> what<00:24:46.669> to<00:24:46.730> do<00:24:46.940> we<00:24:47.150> do<00:24:47.210> we<00:24:47.660> don't<00:24:47.750> do<00:24:47.929> 20% 00:24:48.250 --> 00:24:48.260 align:start position:0% anyone what to do we do we don't do 20% 00:24:48.260 --> 00:24:50.350 align:start position:0% anyone what to do we do we don't do 20% time<00:24:48.860> at<00:24:49.040> consensus<00:24:49.550> we<00:24:49.700> have<00:24:49.820> 100 00:24:50.350 --> 00:24:50.360 align:start position:0% time at consensus we have 100 00:24:50.360 --> 00:24:53.140 align:start position:0% time at consensus we have 100 %<00:24:50.720> time<00:24:50.930> we<00:24:51.440> as<00:24:51.740> we<00:24:51.920> prefer<00:24:52.250> that<00:24:52.430> everyone 00:24:53.140 --> 00:24:53.150 align:start position:0% % time we as we prefer that everyone 00:24:53.150 --> 00:24:54.700 align:start position:0% % time we as we prefer that everyone work<00:24:53.360> on<00:24:53.600> what<00:24:53.840> they<00:24:53.990> are<00:24:54.020> passionate<00:24:54.320> about 00:24:54.700 --> 00:24:54.710 align:start position:0% work on what they are passionate about 00:24:54.710 --> 00:24:57.430 align:start position:0% work on what they are passionate about as<00:24:55.100> a<00:24:55.700> result<00:24:56.180> our<00:24:56.390> organization<00:24:57.080> requires 00:24:57.430 --> 00:24:57.440 align:start position:0% as a result our organization requires 00:24:57.440 --> 00:24:59.380 align:start position:0% as a result our organization requires new<00:24:57.650> ways<00:24:57.680> of<00:24:58.040> taking<00:24:58.190> responsibility<00:24:58.490> and 00:24:59.380 --> 00:24:59.390 align:start position:0% new ways of taking responsibility and 00:24:59.390 --> 00:25:01.990 align:start position:0% new ways of taking responsibility and assuring<00:24:59.900> accountability<00:25:00.680> we're<00:25:01.550> working<00:25:01.880> to 00:25:01.990 --> 00:25:02.000 align:start position:0% assuring accountability we're working to 00:25:02.000 --> 00:25:03.550 align:start position:0% assuring accountability we're working to put<00:25:02.180> processes<00:25:02.720> into<00:25:02.960> place<00:25:03.140> that<00:25:03.380> enables 00:25:03.550 --> 00:25:03.560 align:start position:0% put processes into place that enables 00:25:03.560 --> 00:25:06.160 align:start position:0% put processes into place that enables autonomous<00:25:04.550> or<00:25:05.150> decentralized<00:25:05.870> governance 00:25:06.160 --> 00:25:06.170 align:start position:0% autonomous or decentralized governance 00:25:06.170 --> 00:25:07.690 align:start position:0% autonomous or decentralized governance and<00:25:06.440> decision-making<00:25:06.530> as<00:25:07.160> much<00:25:07.340> as<00:25:07.520> possible 00:25:07.690 --> 00:25:07.700 align:start position:0% and decision-making as much as possible 00:25:07.700 --> 00:25:11.680 align:start position:0% and decision-making as much as possible each<00:25:08.600> of<00:25:08.810> our<00:25:08.900> functional<00:25:09.440> groups<00:25:10.690> service 00:25:11.680 --> 00:25:11.690 align:start position:0% each of our functional groups service 00:25:11.690 --> 00:25:13.420 align:start position:0% each of our functional groups service circles<00:25:11.990> like<00:25:12.140> finance<00:25:12.560> or<00:25:12.710> legal<00:25:13.040> product 00:25:13.420 --> 00:25:13.430 align:start position:0% circles like finance or legal product 00:25:13.430 --> 00:25:15.760 align:start position:0% circles like finance or legal product teams<00:25:13.670> or<00:25:14.000> companies<00:25:14.450> it's<00:25:15.050> a<00:25:15.200> budget<00:25:15.380> that<00:25:15.620> is 00:25:15.760 --> 00:25:15.770 align:start position:0% teams or companies it's a budget that is 00:25:15.770 --> 00:25:18.280 align:start position:0% teams or companies it's a budget that is allocated<00:25:15.950> often<00:25:16.820> via<00:25:17.000> peer<00:25:17.450> driven<00:25:17.600> process 00:25:18.280 --> 00:25:18.290 align:start position:0% allocated often via peer driven process 00:25:18.290 --> 00:25:20.680 align:start position:0% allocated often via peer driven process and<00:25:18.530> it's<00:25:19.490> free<00:25:19.670> to<00:25:19.790> chart<00:25:20.030> its<00:25:20.150> course<00:25:20.420> for 00:25:20.680 --> 00:25:20.690 align:start position:0% and it's free to chart its course for 00:25:20.690 --> 00:25:22.030 align:start position:0% and it's free to chart its course for the<00:25:20.750> most<00:25:20.900> part<00:25:21.200> which<00:25:21.350> includes<00:25:21.740> defining 00:25:22.030 --> 00:25:22.040 align:start position:0% the most part which includes defining 00:25:22.040 --> 00:25:24.370 align:start position:0% the most part which includes defining how<00:25:22.310> it<00:25:22.430> conducts<00:25:22.580> its<00:25:22.970> day-to-day<00:25:23.180> and<00:25:23.750> long 00:25:24.370 --> 00:25:24.380 align:start position:0% how it conducts its day-to-day and long 00:25:24.380 --> 00:25:26.560 align:start position:0% how it conducts its day-to-day and long range<00:25:24.650> business<00:25:25.130> we're<00:25:25.880> working<00:25:26.240> to<00:25:26.420> have 00:25:26.560 --> 00:25:26.570 align:start position:0% range business we're working to have 00:25:26.570 --> 00:25:28.270 align:start position:0% range business we're working to have each<00:25:26.780> of<00:25:26.960> these<00:25:27.050> groups<00:25:27.350> wrap<00:25:27.620> themselves<00:25:27.860> in 00:25:28.270 --> 00:25:28.280 align:start position:0% each of these groups wrap themselves in 00:25:28.280 --> 00:25:30.610 align:start position:0% each of these groups wrap themselves in public<00:25:28.460> api's<00:25:29.060> so<00:25:29.750> that<00:25:29.900> others<00:25:30.170> can<00:25:30.410> know 00:25:30.610 --> 00:25:30.620 align:start position:0% public api's so that others can know 00:25:30.620 --> 00:25:32.620 align:start position:0% public api's so that others can know what<00:25:30.800> is<00:25:30.920> available<00:25:31.070> and<00:25:31.670> we<00:25:32.060> will<00:25:32.210> soon<00:25:32.420> use 00:25:32.620 --> 00:25:32.630 align:start position:0% what is available and we will soon use 00:25:32.630 --> 00:25:35.770 align:start position:0% what is available and we will soon use open<00:25:32.930> law<00:25:33.080> to<00:25:33.140> place<00:25:33.530> SLA<00:25:34.100> s<00:25:34.160> on<00:25:34.430> each<00:25:34.850> API<00:25:35.300> so<00:25:35.750> a 00:25:35.770 --> 00:25:35.780 align:start position:0% open law to place SLA s on each API so a 00:25:35.780 --> 00:25:38.290 align:start position:0% open law to place SLA s on each API so a consumer<00:25:36.410> of<00:25:36.530> an<00:25:36.650> API<00:25:36.920> knows<00:25:37.670> the<00:25:37.850> terms<00:25:38.090> under 00:25:38.290 --> 00:25:38.300 align:start position:0% consumer of an API knows the terms under 00:25:38.300 --> 00:25:40.660 align:start position:0% consumer of an API knows the terms under which<00:25:38.420> the<00:25:38.750> provider<00:25:39.050> offers<00:25:39.530> it<00:25:39.710> with<00:25:40.460> such 00:25:40.660 --> 00:25:40.670 align:start position:0% which the provider offers it with such 00:25:40.670 --> 00:25:42.790 align:start position:0% which the provider offers it with such living<00:25:41.000> agreements<00:25:41.450> available<00:25:41.900> if<00:25:42.230> a<00:25:42.560> product 00:25:42.790 --> 00:25:42.800 align:start position:0% living agreements available if a product 00:25:42.800 --> 00:25:44.410 align:start position:0% living agreements available if a product team<00:25:43.100> makes<00:25:43.340> use<00:25:43.520> of<00:25:43.700> an<00:25:43.790> offering<00:25:44.120> from<00:25:44.270> the 00:25:44.410 --> 00:25:44.420 align:start position:0% team makes use of an offering from the 00:25:44.420 --> 00:25:46.630 align:start position:0% team makes use of an offering from the marketing<00:25:44.840> team<00:25:45.080> data<00:25:45.710> can<00:25:45.950> be<00:25:45.980> sent<00:25:46.340> into<00:25:46.490> the 00:25:46.630 --> 00:25:46.640 align:start position:0% marketing team data can be sent into the 00:25:46.640 --> 00:25:48.670 align:start position:0% marketing team data can be sent into the agreement<00:25:46.850> that<00:25:47.210> memorializes<00:25:47.810> and<00:25:48.290> conducts 00:25:48.670 --> 00:25:48.680 align:start position:0% agreement that memorializes and conducts 00:25:48.680 --> 00:25:50.950 align:start position:0% agreement that memorializes and conducts that<00:25:48.800> interaction<00:25:49.550> in<00:25:49.700> compensation<00:25:50.660> from 00:25:50.950 --> 00:25:50.960 align:start position:0% that interaction in compensation from 00:25:50.960 --> 00:25:53.320 align:start position:0% that interaction in compensation from the<00:25:51.080> product<00:25:51.440> team<00:25:51.620> can<00:25:51.860> flow<00:25:52.130> to<00:25:52.330> marketing 00:25:53.320 --> 00:25:53.330 align:start position:0% the product team can flow to marketing 00:25:53.330 --> 00:25:56.320 align:start position:0% the product team can flow to marketing based<00:25:53.630> on<00:25:53.810> measured<00:25:54.170> performance<00:25:55.240> we're<00:25:56.240> in 00:25:56.320 --> 00:25:56.330 align:start position:0% based on measured performance we're in 00:25:56.330 --> 00:25:58.770 align:start position:0% based on measured performance we're in the<00:25:56.450> early<00:25:56.480> days<00:25:56.960> of<00:25:57.260> exploration<00:25:57.590> of 00:25:58.770 --> 00:25:58.780 align:start position:0% the early days of exploration of 00:25:58.780 --> 00:26:01.270 align:start position:0% the early days of exploration of exploring<00:25:59.780> what<00:25:59.930> a<00:25:59.990> decentralized<00:26:00.830> company 00:26:01.270 --> 00:26:01.280 align:start position:0% exploring what a decentralized company 00:26:01.280 --> 00:26:03.520 align:start position:0% exploring what a decentralized company can<00:26:01.460> be<00:26:01.640> but<00:26:02.270> the<00:26:02.390> vision<00:26:02.660> emerging<00:26:03.080> is<00:26:03.200> one<00:26:03.380> of 00:26:03.520 --> 00:26:03.530 align:start position:0% can be but the vision emerging is one of 00:26:03.530 --> 00:26:05.500 align:start position:0% can be but the vision emerging is one of many<00:26:03.650> autonomous<00:26:04.310> units<00:26:04.670> each<00:26:04.820> operating<00:26:05.300> as 00:26:05.500 --> 00:26:05.510 align:start position:0% many autonomous units each operating as 00:26:05.510 --> 00:26:07.540 align:start position:0% many autonomous units each operating as though<00:26:05.780> they're<00:26:06.290> embedded<00:26:06.620> in<00:26:06.890> an<00:26:07.040> efficient 00:26:07.540 --> 00:26:07.550 align:start position:0% though they're embedded in an efficient 00:26:07.550 --> 00:26:09.850 align:start position:0% though they're embedded in an efficient free<00:26:07.850> market<00:26:08.270> the<00:26:08.960> consensus<00:26:09.440> mesh<00:26:09.650> is<00:26:09.830> a 00:26:09.850 --> 00:26:09.860 align:start position:0% free market the consensus mesh is a 00:26:09.860 --> 00:26:12.250 align:start position:0% free market the consensus mesh is a hybrid<00:26:10.340> organization<00:26:10.490> in<00:26:11.090> various<00:26:11.390> ways<00:26:11.600> part 00:26:12.250 --> 00:26:12.260 align:start position:0% hybrid organization in various ways part 00:26:12.260 --> 00:26:13.960 align:start position:0% hybrid organization in various ways part software<00:26:12.620> company<00:26:13.010> our<00:26:13.460> professional 00:26:13.960 --> 00:26:13.970 align:start position:0% software company our professional 00:26:13.970 --> 00:26:16.630 align:start position:0% software company our professional services<00:26:14.120> consultancy<00:26:15.080> part<00:26:15.410> VC<00:26:15.830> it<00:26:16.340> is<00:26:16.610> a 00:26:16.630 --> 00:26:16.640 align:start position:0% services consultancy part VC it is a 00:26:16.640 --> 00:26:18.730 align:start position:0% services consultancy part VC it is a hybrid<00:26:17.180> in<00:26:17.450> that<00:26:17.660> it<00:26:17.810> maintains<00:26:17.990> structures 00:26:18.730 --> 00:26:18.740 align:start position:0% hybrid in that it maintains structures 00:26:18.740 --> 00:26:20.560 align:start position:0% hybrid in that it maintains structures required<00:26:19.190> to<00:26:19.340> operate<00:26:19.460> in<00:26:19.820> the<00:26:19.940> legacy<00:26:20.360> world 00:26:20.560 --> 00:26:20.570 align:start position:0% required to operate in the legacy world 00:26:20.570 --> 00:26:22.660 align:start position:0% required to operate in the legacy world especially<00:26:21.260> in<00:26:21.560> our<00:26:21.650> finance<00:26:22.130> HR<00:26:22.340> and<00:26:22.640> legal 00:26:22.660 --> 00:26:22.670 align:start position:0% especially in our finance HR and legal 00:26:22.670 --> 00:26:25.000 align:start position:0% especially in our finance HR and legal groups<00:26:23.150> but<00:26:23.720> it<00:26:23.840> is<00:26:23.990> also<00:26:24.140> mapping<00:26:24.650> out<00:26:24.770> what 00:26:25.000 --> 00:26:25.010 align:start position:0% groups but it is also mapping out what 00:26:25.010 --> 00:26:27.100 align:start position:0% groups but it is also mapping out what we<00:26:25.130> might<00:26:25.370> what<00:26:26.000> might<00:26:26.240> be<00:26:26.360> possible<00:26:26.570> with 00:26:27.100 --> 00:26:27.110 align:start position:0% we might what might be possible with 00:26:27.110 --> 00:26:28.660 align:start position:0% we might what might be possible with respect<00:26:27.710> to<00:26:28.010> operating<00:26:28.370> in<00:26:28.580> the 00:26:28.660 --> 00:26:28.670 align:start position:0% respect to operating in the 00:26:28.670 --> 00:26:31.030 align:start position:0% respect to operating in the decentralized<00:26:29.330> future<00:26:29.720> as<00:26:29.960> we<00:26:30.530> get<00:26:30.680> better<00:26:30.860> in 00:26:31.030 --> 00:26:31.040 align:start position:0% decentralized future as we get better in 00:26:31.040 --> 00:26:33.580 align:start position:0% decentralized future as we get better in articulating<00:26:31.700> api's<00:26:32.090> and<00:26:32.330> SLA<00:26:32.780> s<00:26:32.840> for<00:26:33.410> our 00:26:33.580 --> 00:26:33.590 align:start position:0% articulating api's and SLA s for our 00:26:33.590 --> 00:26:35.350 align:start position:0% articulating api's and SLA s for our various<00:26:33.920> functional<00:26:34.340> groups<00:26:34.580> we<00:26:34.790> can<00:26:34.940> imagine 00:26:35.350 --> 00:26:35.360 align:start position:0% various functional groups we can imagine 00:26:35.360 --> 00:26:38.530 align:start position:0% various functional groups we can imagine that<00:26:35.510> even<00:26:35.950> marketing<00:26:36.950> HR<00:26:37.250> finance<00:26:37.880> and<00:26:38.210> legal 00:26:38.530 --> 00:26:38.540 align:start position:0% that even marketing HR finance and legal 00:26:38.540 --> 00:26:40.270 align:start position:0% that even marketing HR finance and legal will<00:26:38.690> be<00:26:38.810> able<00:26:38.960> to<00:26:39.140> offer<00:26:39.230> tools<00:26:39.620> and<00:26:39.860> services 00:26:40.270 --> 00:26:40.280 align:start position:0% will be able to offer tools and services 00:26:40.280 --> 00:26:42.610 align:start position:0% will be able to offer tools and services not<00:26:40.460> just<00:26:40.850> to<00:26:40.940> our<00:26:41.090> internal<00:26:41.570> groups<00:26:41.810> but<00:26:42.440> to 00:26:42.610 --> 00:26:42.620 align:start position:0% not just to our internal groups but to 00:26:42.620 --> 00:26:44.980 align:start position:0% not just to our internal groups but to other<00:26:42.800> companies<00:26:43.100> as<00:26:43.460> well<00:26:43.640> our<00:26:44.630> marketing 00:26:44.980 --> 00:26:44.990 align:start position:0% other companies as well our marketing 00:26:44.990 --> 00:26:46.420 align:start position:0% other companies as well our marketing group<00:26:45.110> has<00:26:45.290> recently<00:26:45.500> started<00:26:46.100> doing<00:26:46.190> this 00:26:46.420 --> 00:26:46.430 align:start position:0% group has recently started doing this 00:26:46.430 --> 00:26:48.940 align:start position:0% group has recently started doing this under<00:26:46.640> the<00:26:46.850> catalyst<00:26:47.300> brand<00:26:47.570> legal<00:26:48.440> we<00:26:48.860> have 00:26:48.940 --> 00:26:48.950 align:start position:0% under the catalyst brand legal we have 00:26:48.950 --> 00:26:50.680 align:start position:0% under the catalyst brand legal we have some<00:26:49.100> coders<00:26:49.430> on<00:26:49.610> the<00:26:49.700> team<00:26:49.910> is<00:26:50.150> building 00:26:50.680 --> 00:26:50.690 align:start position:0% some coders on the team is building 00:26:50.690 --> 00:26:52.390 align:start position:0% some coders on the team is building software<00:26:51.050> tools<00:26:51.590> designed<00:26:52.070> to<00:26:52.220> protect 00:26:52.390 --> 00:26:52.400 align:start position:0% software tools designed to protect 00:26:52.400 --> 00:26:54.190 align:start position:0% software tools designed to protect consumers<00:26:53.060> better<00:26:53.270> in<00:26:53.510> the<00:26:53.630> new<00:26:53.780> token 00:26:54.190 --> 00:26:54.200 align:start position:0% consumers better in the new token 00:26:54.200 --> 00:26:56.110 align:start position:0% consumers better in the new token economy<00:26:54.620> with<00:26:55.250> respect<00:26:55.610> to<00:26:55.700> dynamic 00:26:56.110 --> 00:26:56.120 align:start position:0% economy with respect to dynamic 00:26:56.120 --> 00:26:58.270 align:start position:0% economy with respect to dynamic workforce<00:26:56.300> assembly<00:26:57.020> Oppel<00:26:57.860> is<00:26:57.950> a<00:26:58.070> project 00:26:58.270 --> 00:26:58.280 align:start position:0% workforce assembly Oppel is a project 00:26:58.280 --> 00:26:59.590 align:start position:0% workforce assembly Oppel is a project that<00:26:58.520> we're<00:26:58.700> close<00:26:58.880> to<00:26:59.090> enabling 00:26:59.590 --> 00:26:59.600 align:start position:0% that we're close to enabling 00:26:59.600 --> 00:27:01.870 align:start position:0% that we're close to enabling professional<00:27:00.200> employment<00:27:00.500> organizations<00:27:00.880> to 00:27:01.870 --> 00:27:01.880 align:start position:0% professional employment organizations to 00:27:01.880 --> 00:27:03.620 align:start position:0% professional employment organizations to serve<00:27:02.120> our<00:27:02.330> ecosystem 00:27:03.620 --> 00:27:03.630 align:start position:0% serve our ecosystem 00:27:03.630 --> 00:27:05.390 align:start position:0% serve our ecosystem will<00:27:03.750> evolve<00:27:04.050> these<00:27:04.350> into<00:27:04.650> decentralized 00:27:05.390 --> 00:27:05.400 align:start position:0% will evolve these into decentralized 00:27:05.400 --> 00:27:07.580 align:start position:0% will evolve these into decentralized employment<00:27:06.030> organizations<00:27:06.230> so<00:27:07.230> that<00:27:07.260> many 00:27:07.580 --> 00:27:07.590 align:start position:0% employment organizations so that many 00:27:07.590 --> 00:27:09.200 align:start position:0% employment organizations so that many small<00:27:07.890> companies<00:27:08.310> in<00:27:08.430> our<00:27:08.490> space<00:27:08.760> can<00:27:08.970> band 00:27:09.200 --> 00:27:09.210 align:start position:0% small companies in our space can band 00:27:09.210 --> 00:27:11.480 align:start position:0% small companies in our space can band together<00:27:09.360> to<00:27:09.630> handle<00:27:10.110> human<00:27:10.710> resources<00:27:11.100> needs 00:27:11.480 --> 00:27:11.490 align:start position:0% together to handle human resources needs 00:27:11.490 --> 00:27:13.880 align:start position:0% together to handle human resources needs and<00:27:11.760> issues<00:27:11.960> like<00:27:12.960> get<00:27:13.170> coin<00:27:13.380> and<00:27:13.590> bounties 00:27:13.880 --> 00:27:13.890 align:start position:0% and issues like get coin and bounties 00:27:13.890 --> 00:27:16.460 align:start position:0% and issues like get coin and bounties Network<00:27:14.460> up<00:27:15.000> lists<00:27:15.390> will<00:27:15.510> enable<00:27:15.690> an<00:27:15.960> increase 00:27:16.460 --> 00:27:16.470 align:start position:0% Network up lists will enable an increase 00:27:16.470 --> 00:27:18.650 align:start position:0% Network up lists will enable an increase in<00:27:16.650> the<00:27:16.740> velocity<00:27:16.890> of<00:27:17.310> work<00:27:17.520> and<00:27:17.820> enable 00:27:18.650 --> 00:27:18.660 align:start position:0% in the velocity of work and enable 00:27:18.660 --> 00:27:20.480 align:start position:0% in the velocity of work and enable individuals<00:27:19.170> to<00:27:19.230> engage<00:27:19.410> in<00:27:19.800> self<00:27:20.100> sovereign 00:27:20.480 --> 00:27:20.490 align:start position:0% individuals to engage in self sovereign 00:27:20.490 --> 00:27:22.550 align:start position:0% individuals to engage in self sovereign employment<00:27:21.060> balancing<00:27:21.930> the<00:27:22.020> power<00:27:22.260> the 00:27:22.550 --> 00:27:22.560 align:start position:0% employment balancing the power the 00:27:22.560 --> 00:27:24.620 align:start position:0% employment balancing the power the developer<00:27:23.190> with<00:27:23.640> that<00:27:23.790> of<00:27:23.910> the<00:27:24.000> organization 00:27:24.620 --> 00:27:24.630 align:start position:0% developer with that of the organization 00:27:24.630 --> 00:27:27.710 align:start position:0% developer with that of the organization that<00:27:24.780> she<00:27:24.930> develops<00:27:25.350> for<00:27:26.090> as<00:27:27.090> many<00:27:27.420> of<00:27:27.570> our 00:27:27.710 --> 00:27:27.720 align:start position:0% that she develops for as many of our 00:27:27.720 --> 00:27:30.020 align:start position:0% that she develops for as many of our groups<00:27:28.200> externalize<00:27:28.950> their<00:27:29.250> offerings<00:27:29.730> and 00:27:30.020 --> 00:27:30.030 align:start position:0% groups externalize their offerings and 00:27:30.030 --> 00:27:32.870 align:start position:0% groups externalize their offerings and as<00:27:30.690> we<00:27:30.960> all<00:27:31.170> evolve<00:27:31.680> towards<00:27:32.610> greater 00:27:32.870 --> 00:27:32.880 align:start position:0% as we all evolve towards greater 00:27:32.880 --> 00:27:35.180 align:start position:0% as we all evolve towards greater decentralization<00:27:33.440> soon<00:27:34.440> it<00:27:34.560> won't<00:27:34.740> be<00:27:34.920> hard 00:27:35.180 --> 00:27:35.190 align:start position:0% decentralization soon it won't be hard 00:27:35.190 --> 00:27:37.520 align:start position:0% decentralization soon it won't be hard to<00:27:35.430> imagine<00:27:35.670> companies<00:27:36.360> using<00:27:36.930> our<00:27:37.170> various 00:27:37.520 --> 00:27:37.530 align:start position:0% to imagine companies using our various 00:27:37.530 --> 00:27:39.680 align:start position:0% to imagine companies using our various services<00:27:38.040> and<00:27:38.250> effectively<00:27:38.970> permissionless 00:27:39.680 --> 00:27:39.690 align:start position:0% services and effectively permissionless 00:27:39.690 --> 00:27:43.850 align:start position:0% services and effectively permissionless lee<00:27:39.990> attaching<00:27:40.410> themselves<00:27:40.590> to<00:27:40.890> the<00:27:41.220> mesh<00:27:42.860> one 00:27:43.850 --> 00:27:43.860 align:start position:0% lee attaching themselves to the mesh one 00:27:43.860 --> 00:27:47.450 align:start position:0% lee attaching themselves to the mesh one last<00:27:44.100> item<00:27:44.840> consensus<00:27:45.840> believes<00:27:46.460> investing 00:27:47.450 --> 00:27:47.460 align:start position:0% last item consensus believes investing 00:27:47.460 --> 00:27:49.970 align:start position:0% last item consensus believes investing in<00:27:47.580> the<00:27:47.670> ecosystem<00:27:48.360> is<00:27:48.480> critical<00:27:48.930> perhaps<00:27:49.770> now 00:27:49.970 --> 00:27:49.980 align:start position:0% in the ecosystem is critical perhaps now 00:27:49.980 --> 00:27:51.890 align:start position:0% in the ecosystem is critical perhaps now more<00:27:50.220> than<00:27:50.340> ever<00:27:50.520> as<00:27:50.760> this<00:27:51.030> experiment<00:27:51.690> that 00:27:51.890 --> 00:27:51.900 align:start position:0% more than ever as this experiment that 00:27:51.900 --> 00:27:53.810 align:start position:0% more than ever as this experiment that we've<00:27:52.350> been<00:27:52.530> privileged<00:27:52.980> to<00:27:53.070> be<00:27:53.250> part<00:27:53.490> of<00:27:53.610> is 00:27:53.810 --> 00:27:53.820 align:start position:0% we've been privileged to be part of is 00:27:53.820 --> 00:27:55.910 align:start position:0% we've been privileged to be part of is moving<00:27:54.240> towards<00:27:54.570> usability<00:27:55.200> by<00:27:55.350> consumers 00:27:55.910 --> 00:27:55.920 align:start position:0% moving towards usability by consumers 00:27:55.920 --> 00:27:57.830 align:start position:0% moving towards usability by consumers and<00:27:56.100> towards<00:27:56.910> becoming<00:27:57.240> globally 00:27:57.830 --> 00:27:57.840 align:start position:0% and towards becoming globally 00:27:57.840 --> 00:27:59.840 align:start position:0% and towards becoming globally systemically<00:27:58.410> important<00:27:59.040> we're<00:27:59.760> also 00:27:59.840 --> 00:27:59.850 align:start position:0% systemically important we're also 00:27:59.850 --> 00:28:02.330 align:start position:0% systemically important we're also passionate<00:28:00.180> about<00:28:00.510> open<00:28:00.960> source<00:28:01.230> get<00:28:02.130> coin 00:28:02.330 --> 00:28:02.340 align:start position:0% passionate about open source get coin 00:28:02.340 --> 00:28:03.800 align:start position:0% passionate about open source get coin and<00:28:02.520> code<00:28:02.700> fund<00:28:03.000> enable<00:28:03.360> open<00:28:03.480> source 00:28:03.800 --> 00:28:03.810 align:start position:0% and code fund enable open source 00:28:03.810 --> 00:28:05.570 align:start position:0% and code fund enable open source developers<00:28:04.350> to<00:28:04.500> get<00:28:04.590> compensated<00:28:05.160> for<00:28:05.460> their 00:28:05.570 --> 00:28:05.580 align:start position:0% developers to get compensated for their 00:28:05.580 --> 00:28:07.910 align:start position:0% developers to get compensated for their important<00:28:06.060> work<00:28:06.090> our<00:28:06.840> protocol<00:28:07.380> and<00:28:07.560> systems 00:28:07.910 --> 00:28:07.920 align:start position:0% important work our protocol and systems 00:28:07.920 --> 00:28:10.010 align:start position:0% important work our protocol and systems engineering<00:28:08.340> group<00:28:08.610> Pegasus<00:28:09.120> just<00:28:09.630> released 00:28:10.010 --> 00:28:10.020 align:start position:0% engineering group Pegasus just released 00:28:10.020 --> 00:28:12.110 align:start position:0% engineering group Pegasus just released Pantheon<00:28:10.530> a<00:28:10.740> new<00:28:11.130> Java<00:28:11.400> based<00:28:11.670> a<00:28:11.820> theorem 00:28:12.110 --> 00:28:12.120 align:start position:0% Pantheon a new Java based a theorem 00:28:12.120 --> 00:28:13.730 align:start position:0% Pantheon a new Java based a theorem client<00:28:12.480> that<00:28:12.570> has<00:28:12.720> synced<00:28:13.020> to<00:28:13.170> and<00:28:13.350> running<00:28:13.650> on 00:28:13.730 --> 00:28:13.740 align:start position:0% client that has synced to and running on 00:28:13.740 --> 00:28:16.370 align:start position:0% client that has synced to and running on main<00:28:13.980> net<00:28:14.190> now<00:28:14.430> the<00:28:15.300> code<00:28:15.540> was<00:28:15.750> open<00:28:15.990> source<00:28:16.140> on 00:28:16.370 --> 00:28:16.380 align:start position:0% main net now the code was open source on 00:28:16.380 --> 00:28:18.110 align:start position:0% main net now the code was open source on github<00:28:16.560> a<00:28:16.800> few<00:28:17.040> days<00:28:17.190> ago<00:28:17.430> and<00:28:17.670> released<00:28:17.970> under 00:28:18.110 --> 00:28:18.120 align:start position:0% github a few days ago and released under 00:28:18.120 --> 00:28:21.410 align:start position:0% github a few days ago and released under the<00:28:18.300> Apache<00:28:18.420> 2<00:28:18.990> license<00:28:19.730> we<00:28:20.730> welcome<00:28:21.120> Jim 00:28:21.410 --> 00:28:21.420 align:start position:0% the Apache 2 license we welcome Jim 00:28:21.420 --> 00:28:23.630 align:start position:0% the Apache 2 license we welcome Jim Jagielski<00:28:21.780> to<00:28:22.350> the<00:28:22.470> mesh<00:28:22.650> a<00:28:22.950> few<00:28:23.310> months<00:28:23.550> ago 00:28:23.630 --> 00:28:23.640 align:start position:0% Jagielski to the mesh a few months ago 00:28:23.640 --> 00:28:25.910 align:start position:0% Jagielski to the mesh a few months ago Jim<00:28:24.540> is<00:28:24.660> one<00:28:24.810> of<00:28:24.900> the<00:28:25.020> original<00:28:25.380> eight<00:28:25.560> Apache 00:28:25.910 --> 00:28:25.920 align:start position:0% Jim is one of the original eight Apache 00:28:25.920 --> 00:28:29.750 align:start position:0% Jim is one of the original eight Apache group<00:28:26.250> members<00:28:26.700> this<00:28:27.300> evolved<00:28:28.310> this<00:28:29.310> evolved 00:28:29.750 --> 00:28:29.760 align:start position:0% group members this evolved this evolved 00:28:29.760 --> 00:28:31.400 align:start position:0% group members this evolved this evolved into<00:28:30.030> him<00:28:30.210> co-founding<00:28:30.900> and<00:28:30.990> directing<00:28:31.320> the 00:28:31.400 --> 00:28:31.410 align:start position:0% into him co-founding and directing the 00:28:31.410 --> 00:28:33.620 align:start position:0% into him co-founding and directing the Apache<00:28:31.680> Software<00:28:32.040> Foundation<00:28:32.310> and<00:28:33.030> serving 00:28:33.620 --> 00:28:33.630 align:start position:0% Apache Software Foundation and serving 00:28:33.630 --> 00:28:35.300 align:start position:0% Apache Software Foundation and serving as<00:28:33.720> a<00:28:33.750> core<00:28:34.050> developer<00:28:34.170> on<00:28:34.650> several<00:28:35.070> several 00:28:35.300 --> 00:28:35.310 align:start position:0% as a core developer on several several 00:28:35.310 --> 00:28:38.360 align:start position:0% as a core developer on several several ASF<00:28:36.090> projects<00:28:36.690> at<00:28:36.990> consensus<00:28:37.860> Jim<00:28:38.100> is<00:28:38.250> our 00:28:38.360 --> 00:28:38.370 align:start position:0% ASF projects at consensus Jim is our 00:28:38.370 --> 00:28:40.490 align:start position:0% ASF projects at consensus Jim is our open<00:28:38.640> source<00:28:38.790> guru<00:28:39.240> helping<00:28:39.930> our<00:28:40.020> projects 00:28:40.490 --> 00:28:40.500 align:start position:0% open source guru helping our projects 00:28:40.500 --> 00:28:41.840 align:start position:0% open source guru helping our projects with<00:28:40.620> their<00:28:40.800> open<00:28:41.010> source<00:28:41.040> strategy<00:28:41.730> and 00:28:41.840 --> 00:28:41.850 align:start position:0% with their open source strategy and 00:28:41.850 --> 00:28:44.810 align:start position:0% with their open source strategy and mechanics<00:28:42.300> a<00:28:43.220> decentralized<00:28:44.220> future<00:28:44.550> is<00:28:44.670> one 00:28:44.810 --> 00:28:44.820 align:start position:0% mechanics a decentralized future is one 00:28:44.820 --> 00:28:47.480 align:start position:0% mechanics a decentralized future is one worth<00:28:44.970> imagining<00:28:45.540> and<00:28:45.690> investing<00:28:46.170> in<00:28:46.490> so 00:28:47.480 --> 00:28:47.490 align:start position:0% worth imagining and investing in so 00:28:47.490 --> 00:28:49.130 align:start position:0% worth imagining and investing in so we're<00:28:47.670> excited<00:28:48.090> to<00:28:48.300> announce<00:28:48.510> the<00:28:49.020> new 00:28:49.130 --> 00:28:49.140 align:start position:0% we're excited to announce the new 00:28:49.140 --> 00:28:50.660 align:start position:0% we're excited to announce the new consensus<00:28:49.710> Grants<00:28:50.070> Program 00:28:50.660 --> 00:28:50.670 align:start position:0% consensus Grants Program 00:28:50.670 --> 00:28:53.750 align:start position:0% consensus Grants Program soon<00:28:51.480> we'll<00:28:51.660> be<00:28:51.810> unveiling<00:28:51.960> a<00:28:52.430> $500,000<00:28:53.430> fund 00:28:53.750 --> 00:28:53.760 align:start position:0% soon we'll be unveiling a $500,000 fund 00:28:53.760 --> 00:28:56.150 align:start position:0% soon we'll be unveiling a $500,000 fund that<00:28:53.940> will<00:28:54.060> be<00:28:54.210> dispersed<00:28:54.720> in<00:28:55.260> amounts<00:28:55.740> of<00:28:55.890> ten 00:28:56.150 --> 00:28:56.160 align:start position:0% that will be dispersed in amounts of ten 00:28:56.160 --> 00:28:57.670 align:start position:0% that will be dispersed in amounts of ten to<00:28:56.310> twenty<00:28:56.640> five<00:28:56.760> thousand<00:28:57.270> dollars 00:28:57.670 --> 00:28:57.680 align:start position:0% to twenty five thousand dollars 00:28:57.680 --> 00:28:59.780 align:start position:0% to twenty five thousand dollars successful<00:28:58.680> projects<00:28:59.130> in<00:28:59.250> this<00:28:59.340> round<00:28:59.610> will 00:28:59.780 --> 00:28:59.790 align:start position:0% successful projects in this round will 00:28:59.790 --> 00:29:02.030 align:start position:0% successful projects in this round will be<00:28:59.940> eligible<00:29:00.450> for<00:29:00.480> follow-on<00:29:01.080> grants<00:29:01.530> the 00:29:02.030 --> 00:29:02.040 align:start position:0% be eligible for follow-on grants the 00:29:02.040 --> 00:29:03.740 align:start position:0% be eligible for follow-on grants the Grants<00:29:02.370> Program<00:29:02.730> is<00:29:02.850> an<00:29:02.970> effort<00:29:03.240> to<00:29:03.330> encourage 00:29:03.740 --> 00:29:03.750 align:start position:0% Grants Program is an effort to encourage 00:29:03.750 --> 00:29:05.000 align:start position:0% Grants Program is an effort to encourage the<00:29:03.930> growth<00:29:04.110> of<00:29:04.440> the<00:29:04.650> etherium 00:29:05.000 --> 00:29:05.010 align:start position:0% the growth of the etherium 00:29:05.010 --> 00:29:07.130 align:start position:0% the growth of the etherium infrastructure<00:29:05.730> layer<00:29:05.880> with<00:29:06.480> bounties<00:29:06.900> and 00:29:07.130 --> 00:29:07.140 align:start position:0% infrastructure layer with bounties and 00:29:07.140 --> 00:29:10.250 align:start position:0% infrastructure layer with bounties and grants<00:29:07.500> for<00:29:07.680> open<00:29:07.950> source<00:29:08.210> projects<00:29:09.260> grant 00:29:10.250 --> 00:29:10.260 align:start position:0% grants for open source projects grant 00:29:10.260 --> 00:29:11.930 align:start position:0% grants for open source projects grant awards<00:29:10.680> will<00:29:10.860> focus<00:29:11.190> on<00:29:11.310> infrastructure 00:29:11.930 --> 00:29:11.940 align:start position:0% awards will focus on infrastructure 00:29:11.940 --> 00:29:14.720 align:start position:0% awards will focus on infrastructure research<00:29:12.590> interoperability<00:29:13.590> usability<00:29:14.580> and 00:29:14.720 --> 00:29:14.730 align:start position:0% research interoperability usability and 00:29:14.730 --> 00:29:16.300 align:start position:0% research interoperability usability and developer<00:29:15.180> tools<00:29:15.210> the 00:29:16.300 --> 00:29:16.310 align:start position:0% developer tools the 00:29:16.310 --> 00:29:18.220 align:start position:0% developer tools the cooperate<00:29:17.090> with<00:29:17.270> get<00:29:17.450> coin<00:29:17.690> in<00:29:17.840> the<00:29:17.930> Bounty's 00:29:18.220 --> 00:29:18.230 align:start position:0% cooperate with get coin in the Bounty's 00:29:18.230 --> 00:29:20.560 align:start position:0% cooperate with get coin in the Bounty's Network<00:29:18.560> for<00:29:18.770> some<00:29:18.950> of<00:29:19.040> the<00:29:19.130> dispersals<00:29:19.820> more 00:29:20.560 --> 00:29:20.570 align:start position:0% Network for some of the dispersals more 00:29:20.570 --> 00:29:22.780 align:start position:0% Network for some of the dispersals more information<00:29:21.140> including<00:29:21.460> categories<00:29:22.460> and 00:29:22.780 --> 00:29:22.790 align:start position:0% information including categories and 00:29:22.790 --> 00:29:24.340 align:start position:0% information including categories and application<00:29:23.270> process<00:29:23.750> will<00:29:23.900> be<00:29:24.020> coming<00:29:24.320> soon 00:29:24.340 --> 00:29:24.350 align:start position:0% application process will be coming soon 00:29:24.350 --> 00:29:26.710 align:start position:0% application process will be coming soon learn<00:29:25.310> more<00:29:25.550> and<00:29:25.760> sign<00:29:26.300> up<00:29:26.450> for<00:29:26.630> more 00:29:26.710 --> 00:29:26.720 align:start position:0% learn more and sign up for more 00:29:26.720 --> 00:29:30.220 align:start position:0% learn more and sign up for more information<00:29:27.230> at<00:29:27.350> this<00:29:27.500> link<00:29:28.180> consensus<00:29:29.180> net<00:29:29.600> / 00:29:30.220 --> 00:29:30.230 align:start position:0% information at this link consensus net / 00:29:30.230 --> 00:29:35.200 align:start position:0% information at this link consensus net / crap<00:29:30.530> thank<00:29:31.190> you<00:29:31.280> very<00:29:31.400> much 00:29:35.200 --> 00:29:35.210 align:start position:0% 00:29:35.210 --> 00:29:38.970 align:start position:0% [Music] 00:29:38.970 --> 00:29:38.980 align:start position:0% 00:29:38.980 --> 00:29:47.820 align:start position:0% you 00:29:47.820 --> 00:29:47.830 align:start position:0% 00:29:47.830 --> 00:29:49.890 align:start position:0% you