WEBVTT Kind: captions Language: en 00:00:17.740 --> 00:00:20.950 align:start position:0% hi<00:00:19.000> I'll<00:00:20.000> tell<00:00:20.180> you<00:00:20.270> about<00:00:20.360> backside<00:00:20.840> and 00:00:20.950 --> 00:00:20.960 align:start position:0% hi I'll tell you about backside and 00:00:20.960 --> 00:00:27.130 align:start position:0% hi I'll tell you about backside and proof<00:00:21.140> of<00:00:21.259> value<00:00:25.300> so<00:00:26.300> let's<00:00:26.480> just<00:00:26.630> start<00:00:26.840> we 00:00:27.130 --> 00:00:27.140 align:start position:0% proof of value so let's just start we 00:00:27.140 --> 00:00:32.319 align:start position:0% proof of value so let's just start we have<00:00:27.259> 15<00:00:27.559> minutes<00:00:27.860> and<00:00:28.130> very<00:00:28.460> simple<00:00:29.529> plan<00:00:31.329> so 00:00:32.319 --> 00:00:32.329 align:start position:0% have 15 minutes and very simple plan so 00:00:32.329 --> 00:00:33.459 align:start position:0% have 15 minutes and very simple plan so I'll<00:00:32.509> talk<00:00:32.720> about<00:00:32.780> the<00:00:33.079> centralized 00:00:33.459 --> 00:00:33.469 align:start position:0% I'll talk about the centralized 00:00:33.469 --> 00:00:34.840 align:start position:0% I'll talk about the centralized decision-making<00:00:33.890> or<00:00:34.340> the<00:00:34.520> centralized 00:00:34.840 --> 00:00:34.850 align:start position:0% decision-making or the centralized 00:00:34.850 --> 00:00:37.750 align:start position:0% decision-making or the centralized governance<00:00:36.040> sit<00:00:37.040> more<00:00:37.190> specifically<00:00:37.670> about 00:00:37.750 --> 00:00:37.760 align:start position:0% governance sit more specifically about 00:00:37.760 --> 00:00:39.670 align:start position:0% governance sit more specifically about the<00:00:37.970> back<00:00:38.240> feed<00:00:38.450> protocol<00:00:38.900> for<00:00:39.110> that<00:00:39.200> purpose 00:00:39.670 --> 00:00:39.680 align:start position:0% the back feed protocol for that purpose 00:00:39.680 --> 00:00:44.580 align:start position:0% the back feed protocol for that purpose and<00:00:39.980> finally<00:00:41.230> some<00:00:42.230> example<00:00:42.680> real<00:00:42.980> example 00:00:44.580 --> 00:00:44.590 align:start position:0% and finally some example real example 00:00:44.590 --> 00:00:48.250 align:start position:0% and finally some example real example okay<00:00:45.850> so<00:00:46.850> let<00:00:47.300> me<00:00:47.330> try<00:00:47.630> to<00:00:47.660> tell<00:00:48.020> you<00:00:48.140> about 00:00:48.250 --> 00:00:48.260 align:start position:0% okay so let me try to tell you about 00:00:48.260 --> 00:00:51.880 align:start position:0% okay so let me try to tell you about what<00:00:49.160> back<00:00:49.460> fit<00:00:49.760> is<00:00:49.970> with<00:00:50.510> respect<00:00:50.690> to<00:00:51.110> what 00:00:51.880 --> 00:00:51.890 align:start position:0% what back fit is with respect to what 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basically a machine to machine<00:01:00.200> concerns<00:01:00.920> protocol<00:01:01.570> by<00:01:02.570> that<00:01:02.810> I<00:01:02.840> mean 00:01:03.069 --> 00:01:03.079 align:start position:0% machine concerns protocol by that I mean 00:01:03.079 --> 00:01:05.700 align:start position:0% machine concerns protocol by that I mean that<00:01:03.140> the<00:01:04.009> concede<00:01:04.369> it<00:01:04.579> concerns<00:01:05.089> us<00:01:05.239> that<00:01:05.449> let 00:01:05.700 --> 00:01:05.710 align:start position:0% that the concede it concerns us that let 00:01:05.710 --> 00:01:08.969 align:start position:0% that the concede it concerns us that let many<00:01:06.710> nodes<00:01:07.009> distributed<00:01:07.759> around<00:01:08.150> the<00:01:08.390> globe 00:01:08.969 --> 00:01:08.979 align:start position:0% many nodes distributed around the globe 00:01:08.979 --> 00:01:14.890 align:start position:0% many nodes distributed around the globe connect<00:01:09.979> and<00:01:10.310> agree<00:01:12.010> an<00:01:13.010> exchange<00:01:13.400> value<00:01:13.900> this 00:01:14.890 --> 00:01:14.900 align:start position:0% connect and agree an exchange value this 00:01:14.900 --> 00:01:16.930 align:start position:0% connect and agree an exchange value this consensus<00:01:15.440> is<00:01:15.560> basically<00:01:15.800> triggered<00:01:16.310> by 00:01:16.930 --> 00:01:16.940 align:start position:0% consensus is basically triggered by 00:01:16.940 --> 00:01:19.510 align:start position:0% consensus is basically triggered by algorithmic<00:01:17.570> measurable<00:01:18.310> quantities<00:01:19.310> a 00:01:19.510 --> 00:01:19.520 align:start position:0% algorithmic measurable quantities a 00:01:19.520 --> 00:01:21.520 align:start position:0% algorithmic measurable quantities a break<00:01:19.820> a<00:01:19.970> grading<00:01:20.270> the<00:01:20.360> quantifiable<00:01:21.170> data 00:01:21.520 --> 00:01:21.530 align:start position:0% break a grading the quantifiable data 00:01:21.530 --> 00:01:24.899 align:start position:0% break a grading the quantifiable data such<00:01:22.220> as<00:01:22.250> proof<00:01:22.520> of<00:01:22.670> work<00:01:22.880> proof<00:01:23.570> of<00:01:23.690> stake<00:01:23.930> etc 00:01:24.899 --> 00:01:24.909 align:start position:0% such as proof of work proof of stake etc 00:01:24.909 --> 00:01:27.850 align:start position:0% such as proof of work proof of stake etc in<00:01:25.909> essence<00:01:26.390> that<00:01:26.600> makes<00:01:26.840> this<00:01:27.140> distributed 00:01:27.850 --> 00:01:27.860 align:start position:0% in essence that makes this distributed 00:01:27.860 --> 00:01:32.230 align:start position:0% in essence that makes this distributed computer<00:01:29.920> which<00:01:30.920> allows<00:01:31.250> all<00:01:31.610> those<00:01:31.850> nodes<00:01:32.060> in 00:01:32.230 --> 00:01:32.240 align:start position:0% computer which allows all those nodes in 00:01:32.240 --> 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it's<00:01:42.590> again<00:01:42.770> it's<00:01:42.830> consensus 00:01:43.390 --> 00:01:43.400 align:start position:0% protocol so it's again it's consensus 00:01:43.400 --> 00:01:45.820 align:start position:0% protocol so it's again it's consensus protocol<00:01:43.729> it's<00:01:43.970> you<00:01:44.570> know<00:01:44.690> in<00:01:44.900> a<00:01:44.960> way<00:01:45.110> from<00:01:45.740> the 00:01:45.820 --> 00:01:45.830 align:start position:0% protocol it's you know in a way from the 00:01:45.830 --> 00:01:48.190 align:start position:0% protocol it's you know in a way from the same<00:01:46.010> family<00:01:46.250> but<00:01:46.610> now<00:01:47.270> this<00:01:47.450> consensus<00:01:48.020> is 00:01:48.190 --> 00:01:48.200 align:start position:0% same family but now this consensus is 00:01:48.200 --> 00:01:52.300 align:start position:0% same family but now this consensus is based<00:01:48.500> and<00:01:48.799> triggered<00:01:49.430> by<00:01:50.860> information<00:01:51.860> that 00:01:52.300 --> 00:01:52.310 align:start position:0% based and triggered by information that 00:01:52.310 --> 00:01:55.469 align:start position:0% based and triggered by information that is<00:01:52.460> only<00:01:53.409> quantifiable<00:01:54.409> or<00:01:54.680> measured 00:01:55.469 --> 00:01:55.479 align:start position:0% is only quantifiable or measured 00:01:55.479 --> 00:01:59.830 align:start position:0% is only quantifiable or measured measurable<00:01:56.479> by<00:01:56.689> human<00:01:57.049> human<00:01:57.560> beings<00:01:58.840> that 00:01:59.830 --> 00:01:59.840 align:start position:0% measurable by human human beings that 00:01:59.840 --> 00:02:02.350 align:start position:0% measurable by human human beings that makes<00:02:00.110> a<00:02:00.170> distant<00:02:00.439> us<00:02:00.560> governance<00:02:01.060> or<00:02:02.060> instead 00:02:02.350 --> 00:02:02.360 align:start position:0% makes a distant us governance or instead 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some<00:02:10.280> of<00:02:10.399> different<00:02:10.700> words<00:02:10.849> worse 00:02:11.770 --> 00:02:11.780 align:start position:0% some some of different words worse 00:02:11.780 --> 00:02:15.069 align:start position:0% some some of different words worse theorem<00:02:12.669> in<00:02:13.669> order<00:02:14.239> to<00:02:14.480> emphasize<00:02:15.049> the 00:02:15.069 --> 00:02:15.079 align:start position:0% theorem in order to emphasize the 00:02:15.079 --> 00:02:16.569 align:start position:0% theorem in order to emphasize the difference<00:02:15.260> between<00:02:15.799> these<00:02:16.069> two<00:02:16.310> kind<00:02:16.519> of 00:02:16.569 --> 00:02:16.579 align:start position:0% difference between these two kind of 00:02:16.579 --> 00:02:19.030 align:start position:0% difference between these two kind of protocols<00:02:17.029> that<00:02:17.060> comes<00:02:17.419> to 00:02:19.030 --> 00:02:19.040 align:start position:0% protocols that comes to 00:02:19.040 --> 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around<00:02:27.650> the<00:02:27.740> globe<00:02:27.950> and<00:02:28.700> let's<00:02:28.880> ask 00:02:29.080 --> 00:02:29.090 align:start position:0% this with around the globe and let's ask 00:02:29.090 --> 00:02:31.930 align:start position:0% this with around the globe and let's ask how<00:02:29.390> can<00:02:29.690> they<00:02:29.810> agree<00:02:30.170> about<00:02:30.740> this<00:02:31.100> state<00:02:31.400> like 00:02:31.930 --> 00:02:31.940 align:start position:0% how can they agree about this state like 00:02:31.940 --> 00:02:34.210 align:start position:0% how can they agree about this state like I<00:02:32.120> I<00:02:32.180> do<00:02:32.510> an<00:02:32.720> action<00:02:33.110> I<00:02:33.260> transfer<00:02:33.680> some<00:02:33.920> ethers 00:02:34.210 --> 00:02:34.220 align:start position:0% I I do an action I transfer some ethers 00:02:34.220 --> 00:02:36.610 align:start position:0% I I do an action I transfer some ethers to<00:02:34.370> my<00:02:34.490> friend<00:02:34.790> how<00:02:35.540> Oh<00:02:35.570> everyone<00:02:36.230> else<00:02:36.410> will 00:02:36.610 --> 00:02:36.620 align:start position:0% to my friend how Oh everyone else will 00:02:36.620 --> 00:02:39.460 align:start position:0% to my friend how Oh everyone else will do<00:02:36.770> we'll<00:02:36.980> know<00:02:37.100> about<00:02:37.220> that<00:02:38.200> the<00:02:39.200> Blackfoot 00:02:39.460 --> 00:02:39.470 align:start position:0% do we'll know about that the Blackfoot 00:02:39.470 --> 00:02:42.520 align:start position:0% do we'll know about that the Blackfoot protocol<00:02:39.890> is<00:02:40.100> a<00:02:41.050> addressing<00:02:42.050> completely 00:02:42.520 --> 00:02:42.530 align:start position:0% protocol is a addressing completely 00:02:42.530 --> 00:02:43.840 align:start position:0% protocol is a addressing completely different<00:02:42.770> question<00:02:42.860> you<00:02:43.550> can<00:02:43.700> imagine 00:02:43.840 --> 00:02:43.850 align:start position:0% different question you can imagine 00:02:43.850 --> 00:02:46.330 align:start position:0% different question you can imagine minimum<00:02:44.330> people<00:02:44.510> are<00:02:44.950> gathered<00:02:45.950> in<00:02:46.070> the<00:02:46.160> same 00:02:46.330 --> 00:02:46.340 align:start position:0% minimum people are gathered in the same 00:02:46.340 --> 00:02:50.320 align:start position:0% minimum people are gathered in the same room<00:02:46.720> they<00:02:47.720> all<00:02:47.870> see<00:02:48.110> the<00:02:48.200> same<00:02:48.230> data<00:02:48.650> the<00:02:49.330> same 00:02:50.320 --> 00:02:50.330 align:start position:0% room they all see the same data the same 00:02:50.330 --> 00:02:51.850 align:start position:0% room they all see the same data the same information<00:02:50.720> when<00:02:51.260> I<00:02:51.290> say<00:02:51.560> something 00:02:51.850 --> 00:02:51.860 align:start position:0% information when I say something 00:02:51.860 --> 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of<00:02:58.130> people<00:02:58.190> can<00:02:58.760> ask<00:02:58.970> the<00:02:59.150> question<00:02:59.600> how<00:03:00.380> do<00:03:00.440> we 00:03:02.070 --> 00:03:02.080 align:start position:0% of people can ask the question how do we 00:03:02.080 --> 00:03:06.190 align:start position:0% of people can ask the question how do we share<00:03:03.080> or<00:03:03.410> distribute<00:03:04.070> value<00:03:04.490> or<00:03:05.200> allocate 00:03:06.190 --> 00:03:06.200 align:start position:0% share or distribute value or allocate 00:03:06.200 --> 00:03:09.910 align:start position:0% share or distribute value or allocate resources<00:03:06.380> shared<00:03:07.160> resources<00:03:07.930> together<00:03:08.930> in<00:03:09.470> a 00:03:09.910 --> 00:03:09.920 align:start position:0% resources shared resources together in a 00:03:09.920 --> 00:03:12.220 align:start position:0% resources shared resources together in a decentralized<00:03:10.280> way<00:03:10.460> without<00:03:10.970> any<00:03:11.230> hierarchy 00:03:12.220 --> 00:03:12.230 align:start position:0% decentralized way without any hierarchy 00:03:12.230 --> 00:03:15.760 align:start position:0% decentralized way without any hierarchy or<00:03:12.680> at<00:03:13.070> least<00:03:13.280> rigid<00:03:13.820> hierarchy<00:03:14.320> or<00:03:15.320> or 00:03:15.760 --> 00:03:15.770 align:start position:0% or at least rigid hierarchy or or 00:03:15.770 --> 00:03:20.410 align:start position:0% or at least rigid hierarchy or or centralized<00:03:16.730> Authority<00:03:18.790> the<00:03:19.790> most<00:03:20.000> powerful 00:03:20.410 --> 00:03:20.420 align:start position:0% centralized Authority the most powerful 00:03:20.420 --> 00:03:22.120 align:start position:0% centralized Authority the most powerful thing<00:03:20.600> it<00:03:20.900> happens<00:03:21.410> when<00:03:21.500> you<00:03:21.590> put<00:03:21.980> them 00:03:22.120 --> 00:03:22.130 align:start position:0% thing it happens when you put them 00:03:22.130 --> 00:03:24.610 align:start position:0% thing it happens when you put them together<00:03:22.990> when<00:03:23.990> you<00:03:24.050> put<00:03:24.230> them<00:03:24.320> together<00:03:24.410> just 00:03:24.610 --> 00:03:24.620 align:start position:0% together when you put them together just 00:03:24.620 --> 00:03:26.110 align:start position:0% together when you put them together just get<00:03:25.070> what<00:03:25.250> we<00:03:25.340> call<00:03:25.520> the<00:03:25.640> centralized 00:03:26.110 --> 00:03:26.120 align:start position:0% get what we call the centralized 00:03:26.120 --> 00:03:28.240 align:start position:0% get what we call the centralized collaborative<00:03:26.900> organization<00:03:27.410> this<00:03:27.980> is<00:03:28.100> the 00:03:28.240 --> 00:03:28.250 align:start position:0% collaborative organization this is the 00:03:28.250 --> 00:03:30.670 align:start position:0% collaborative organization this is the true<00:03:28.550> the<00:03:28.970> central<00:03:29.330> network<00:03:29.750> that<00:03:30.260> we<00:03:30.410> have<00:03:30.440> in 00:03:30.670 --> 00:03:30.680 align:start position:0% true the central network that we have in 00:03:30.680 --> 00:03:30.970 align:start position:0% true the central network that we have in mind 00:03:30.970 --> 00:03:30.980 align:start position:0% mind 00:03:30.980 --> 00:03:33.490 align:start position:0% mind so<00:03:31.880> it's<00:03:32.030> distributed<00:03:32.570> in<00:03:33.050> terms<00:03:33.350> of 00:03:33.490 --> 00:03:33.500 align:start position:0% so it's distributed in terms of 00:03:33.500 --> 00:03:36.400 align:start position:0% so it's distributed in terms of geographically<00:03:34.340> distributed<00:03:34.959> it<00:03:35.959> also<00:03:36.140> has 00:03:36.400 --> 00:03:36.410 align:start position:0% geographically distributed it also has 00:03:36.410 --> 00:03:41.140 align:start position:0% geographically distributed it also has completely<00:03:36.950> ceased<00:03:37.430> real<00:03:37.610> governance<00:03:40.150> what 00:03:41.140 --> 00:03:41.150 align:start position:0% completely ceased real governance what 00:03:41.150 --> 00:03:43.660 align:start position:0% completely ceased real governance what this<00:03:41.360> kind<00:03:41.600> of<00:03:41.690> machinery<00:03:42.020> includes<00:03:42.680> it 00:03:43.660 --> 00:03:43.670 align:start position:0% this kind of machinery includes it 00:03:43.670 --> 00:03:45.280 align:start position:0% this kind of machinery includes it includes<00:03:43.970> the<00:03:44.090> Sandra's<00:03:44.390> reputation<00:03:44.930> system 00:03:45.280 --> 00:03:45.290 align:start position:0% includes the Sandra's reputation system 00:03:45.290 --> 00:03:49.080 align:start position:0% includes the Sandra's reputation system a<00:03:46.090> distributive<00:03:47.090> value<00:03:47.360> distribution 00:03:49.080 --> 00:03:49.090 align:start position:0% a distributive value distribution 00:03:49.090 --> 00:03:52.210 align:start position:0% a distributive value distribution collaborative<00:03:50.090> human<00:03:50.360> curation<00:03:51.020> like<00:03:51.890> decide 00:03:52.210 --> 00:03:52.220 align:start position:0% collaborative human curation like decide 00:03:52.220 --> 00:03:55.030 align:start position:0% collaborative human curation like decide what<00:03:52.459> is<00:03:52.580> better<00:03:52.910> what<00:03:53.330> is<00:03:53.450> worse<00:03:53.660> and<00:03:54.050> quality 00:03:55.030 --> 00:03:55.040 align:start position:0% what is better what is worse and quality 00:03:55.040 --> 00:03:57.160 align:start position:0% what is better what is worse and quality decision-making<00:03:55.550> now<00:03:56.360> let<00:03:56.480> me<00:03:56.570> emphasize<00:03:56.600> one 00:03:57.160 --> 00:03:57.170 align:start position:0% decision-making now let me emphasize one 00:03:57.170 --> 00:04:00.970 align:start position:0% decision-making now let me emphasize one thing<00:03:57.340> reputation<00:03:58.340> systems<00:03:59.050> are<00:04:00.050> being<00:04:00.350> have 00:04:00.970 --> 00:04:00.980 align:start position:0% thing reputation systems are being have 00:04:00.980 --> 00:04:03.130 align:start position:0% thing reputation systems are being have been<00:04:01.190> in<00:04:01.459> the<00:04:01.550> space<00:04:01.820> or<00:04:02.090> you<00:04:02.390> know<00:04:02.540> in<00:04:02.750> a 00:04:03.130 --> 00:04:03.140 align:start position:0% been in the space or you know in a 00:04:03.140 --> 00:04:06.100 align:start position:0% been in the space or you know in a broader<00:04:03.350> space<00:04:03.650> or<00:04:04.010> for<00:04:04.340> decades<00:04:04.870> the<00:04:05.870> point 00:04:06.100 --> 00:04:06.110 align:start position:0% broader space or for decades the point 00:04:06.110 --> 00:04:07.960 align:start position:0% broader space or for decades the point is<00:04:06.170> that<00:04:06.320> every<00:04:06.890> single<00:04:07.100> reputation<00:04:07.700> system 00:04:07.960 --> 00:04:07.970 align:start position:0% is that every single reputation system 00:04:07.970 --> 00:04:11.500 align:start position:0% is that every single reputation system so<00:04:08.180> far<00:04:08.450> is<00:04:08.930> crucially<00:04:10.000> relying<00:04:11.000> on<00:04:11.180> the<00:04:11.330> fact 00:04:11.500 --> 00:04:11.510 align:start position:0% so far is crucially relying on the fact 00:04:11.510 --> 00:04:14.280 align:start position:0% so far is crucially relying on the fact that<00:04:11.660> it<00:04:11.870> sits<00:04:12.530> on<00:04:12.890> a<00:04:13.160> centralized<00:04:13.700> topology 00:04:14.280 --> 00:04:14.290 align:start position:0% that it sits on a centralized topology 00:04:14.290 --> 00:04:17.110 align:start position:0% that it sits on a centralized topology any<00:04:15.290> reputation<00:04:15.739> system<00:04:16.250> ranking<00:04:16.669> system 00:04:17.110 --> 00:04:17.120 align:start position:0% any reputation system ranking system 00:04:17.120 --> 00:04:20.530 align:start position:0% any reputation system ranking system that<00:04:17.840> you<00:04:17.989> will<00:04:18.109> take<00:04:18.320> as<00:04:18.640> for<00:04:19.640> today<00:04:19.850> and<00:04:20.150> put 00:04:20.530 --> 00:04:20.540 align:start position:0% that you will take as for today and put 00:04:20.540 --> 00:04:22.150 align:start position:0% that you will take as for today and put it<00:04:20.630> on<00:04:20.720> this<00:04:20.930> central<00:04:21.140> network<00:04:21.590> will 00:04:22.150 --> 00:04:22.160 align:start position:0% it on this central network will 00:04:22.160 --> 00:04:25.740 align:start position:0% it on this central network will miserably<00:04:22.669> fail<00:04:23.000> due<00:04:23.990> to<00:04:24.020> simple<00:04:24.350> attacks<00:04:24.680> and 00:04:25.740 --> 00:04:25.750 align:start position:0% miserably fail due to simple attacks and 00:04:25.750 --> 00:04:29.200 align:start position:0% miserably fail due to simple attacks and I<00:04:26.750> will<00:04:27.020> argue<00:04:27.200> today<00:04:27.440> that<00:04:27.560> we<00:04:27.979> have<00:04:28.729> built 00:04:29.200 --> 00:04:29.210 align:start position:0% I will argue today that we have built 00:04:29.210 --> 00:04:30.440 align:start position:0% I will argue today that we have built the<00:04:29.390> first 00:04:30.440 --> 00:04:30.450 align:start position:0% the first 00:04:30.450 --> 00:04:33.470 align:start position:0% the first Cybil<00:04:31.170> resilient<00:04:31.770> reputation<00:04:32.610> system<00:04:32.970> for 00:04:33.470 --> 00:04:33.480 align:start position:0% Cybil resilient reputation system for 00:04:33.480 --> 00:04:35.420 align:start position:0% Cybil resilient reputation system for the<00:04:33.570> centrist<00:04:33.870> networks<00:04:34.230> which<00:04:35.160> will<00:04:35.340> be 00:04:35.420 --> 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align:start position:0% many nice features it has the emerging coordination<00:04:44.610> which<00:04:44.760> means<00:04:44.940> in<00:04:45.120> the 00:04:45.260 --> 00:04:45.270 align:start position:0% coordination which means in the 00:04:45.270 --> 00:04:47.870 align:start position:0% coordination which means in the reclamation<00:04:45.600> there<00:04:46.290> is<00:04:46.350> no<00:04:46.560> need<00:04:46.830> for<00:04:47.160> agents 00:04:47.870 --> 00:04:47.880 align:start position:0% reclamation there is no need for agents 00:04:47.880 --> 00:04:49.400 align:start position:0% reclamation there is no need for agents to<00:04:47.910> directly<00:04:48.480> coordinate<00:04:48.930> with<00:04:49.050> each<00:04:49.080> other 00:04:49.400 --> 00:04:49.410 align:start position:0% to directly coordinate with each other 00:04:49.410 --> 00:04:51.260 align:start position:0% to directly coordinate with each other if<00:04:49.740> the<00:04:50.340> coordination<00:04:50.910> happens 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for<00:04:59.490> good<00:04:59.670> behavior 00:05:00.080 --> 00:05:00.090 align:start position:0% incentive for good behavior 00:05:00.090 --> 00:05:03.830 align:start position:0% incentive for good behavior economic<00:05:00.990> resilience<00:05:01.880> has<00:05:02.880> scalability<00:05:03.660> if 00:05:03.830 --> 00:05:03.840 align:start position:0% economic resilience has scalability if 00:05:03.840 --> 00:05:05.690 align:start position:0% economic resilience has scalability if you<00:05:04.080> remember<00:05:04.380> from<00:05:04.470> Greg's<00:05:04.800> talk<00:05:05.100> via 00:05:05.690 --> 00:05:05.700 align:start position:0% you remember from Greg's talk via 00:05:05.700 --> 00:05:08.720 align:start position:0% you remember from Greg's talk via compositionality<00:05:06.540> and<00:05:06.960> factorization<00:05:07.950> it 00:05:08.720 --> 00:05:08.730 align:start position:0% compositionality and factorization it 00:05:08.730 --> 00:05:11.060 align:start position:0% compositionality and factorization it has<00:05:09.000> a<00:05:09.270> driving<00:05:09.840> force<00:05:10.200> into<00:05:10.560> micro<00:05:10.920> alignment 00:05:11.060 --> 00:05:11.070 align:start position:0% has a driving force into micro alignment 00:05:11.070 --> 00:05:13.970 align:start position:0% has a driving force into micro alignment which<00:05:11.520> means<00:05:11.760> every<00:05:12.420> subset<00:05:13.080> of<00:05:13.260> the<00:05:13.650> network 00:05:13.970 --> 00:05:13.980 align:start position:0% which means every subset of the network 00:05:13.980 --> 00:05:15.800 align:start position:0% which means every subset of the network is<00:05:14.130> being<00:05:14.490> driven<00:05:14.790> into<00:05:15.090> alignment<00:05:15.660> and 00:05:15.800 --> 00:05:15.810 align:start position:0% is being driven into alignment and 00:05:15.810 --> 00:05:18.080 align:start position:0% is being driven into alignment and homogeneity<00:05:16.530> well<00:05:17.340> as<00:05:17.490> there<00:05:17.640> is<00:05:17.670> macro 00:05:18.080 --> 00:05:18.090 align:start position:0% homogeneity well as there is macro 00:05:18.090 --> 00:05:20.960 align:start position:0% homogeneity well as there is macro diversity<00:05:18.660> and<00:05:18.870> we<00:05:19.680> get<00:05:19.890> a<00:05:20.160> diversity<00:05:20.730> of 00:05:20.960 --> 00:05:20.970 align:start position:0% diversity and we get a diversity of 00:05:20.970 --> 00:05:23.990 align:start position:0% diversity and we get a diversity of themit<00:05:21.300> at<00:05:21.540> the<00:05:21.690> network<00:05:22.350> level<00:05:22.640> or<00:05:23.640> network 00:05:23.990 --> 00:05:24.000 align:start position:0% themit at the network level or network 00:05:24.000 --> 00:05:27.170 align:start position:0% themit at the network level or network of<00:05:24.120> networks<00:05:25.520> with<00:05:26.520> this<00:05:26.640> kind<00:05:26.820> of<00:05:26.880> machinery 00:05:27.170 --> 00:05:27.180 align:start position:0% of networks with this kind of machinery 00:05:27.180 --> 00:05:29.060 align:start position:0% of networks with this kind of machinery together<00:05:27.660> with<00:05:27.840> the<00:05:27.900> blockchain<00:05:28.110> we<00:05:28.830> can<00:05:28.980> now 00:05:29.060 --> 00:05:29.070 align:start position:0% together with the blockchain we can now 00:05:29.070 --> 00:05:32.210 align:start position:0% together with the blockchain we can now imagine<00:05:29.310> many<00:05:29.910> many<00:05:30.800> gigantic<00:05:31.800> networks 00:05:32.210 --> 00:05:32.220 align:start position:0% imagine many many gigantic networks 00:05:32.220 --> 00:05:34.220 align:start position:0% imagine many many gigantic networks whether<00:05:33.150> it's<00:05:33.330> the<00:05:33.450> centers<00:05:33.750> Insurance 00:05:34.220 --> 00:05:34.230 align:start position:0% whether it's the centers Insurance 00:05:34.230 --> 00:05:36.260 align:start position:0% whether it's the centers Insurance network<00:05:35.010> of<00:05:35.340> millions<00:05:35.550> of<00:05:35.700> people<00:05:35.820> who<00:05:36.030> ensure 00:05:36.260 --> 00:05:36.270 align:start position:0% network of millions of people who ensure 00:05:36.270 --> 00:05:37.940 align:start position:0% network of millions of people who ensure each<00:05:36.390> other<00:05:36.600> without<00:05:37.110> any<00:05:37.440> centralized 00:05:37.940 --> 00:05:37.950 align:start position:0% each other without any centralized 00:05:37.950 --> 00:05:40.850 align:start position:0% each other without any centralized Authority<00:05:38.460> the<00:05:39.150> central<00:05:39.450> startups<00:05:39.930> what<00:05:40.740> it 00:05:40.850 --> 00:05:40.860 align:start position:0% Authority the central startups what it 00:05:40.860 --> 00:05:42.470 align:start position:0% Authority the central startups what it look<00:05:41.040> like<00:05:41.220> if<00:05:41.490> millions<00:05:41.940> of<00:05:42.090> people<00:05:42.330> will 00:05:42.470 --> 00:05:42.480 align:start position:0% look like if millions of people will 00:05:42.480 --> 00:05:44.000 align:start position:0% look like if millions of people will actually<00:05:42.630> work<00:05:42.960> on<00:05:43.140> a<00:05:43.200> project<00:05:43.380> together<00:05:43.590> with 00:05:44.000 --> 00:05:44.010 align:start position:0% actually work on a project together with 00:05:44.010 --> 00:05:47.210 align:start position:0% actually work on a project together with some<00:05:44.550> centrist<00:05:45.060> collaborative<00:05:45.480> platform<00:05:46.220> in 00:05:47.210 --> 00:05:47.220 align:start position:0% some centrist collaborative platform in 00:05:47.220 --> 00:05:49.760 align:start position:0% some centrist collaborative platform in Turners<00:05:47.490> journalism<00:05:48.120> of<00:05:48.270> millions<00:05:48.990> of<00:05:49.140> free 00:05:49.760 --> 00:05:49.770 align:start position:0% Turners journalism of millions of free 00:05:49.770 --> 00:05:53.990 align:start position:0% Turners journalism of millions of free freelance<00:05:51.500> journalists<00:05:52.500> just<00:05:53.130> post<00:05:53.430> content 00:05:53.990 --> 00:05:54.000 align:start position:0% freelance journalists just post content 00:05:54.000 --> 00:05:56.690 align:start position:0% freelance journalists just post content edit<00:05:54.360> others<00:05:54.660> content<00:05:55.140> etc<00:05:55.380> it's<00:05:56.370> a<00:05:56.430> reserved 00:05:56.690 --> 00:05:56.700 align:start position:0% edit others content etc it's a reserved 00:05:56.700 --> 00:05:59.960 align:start position:0% edit others content etc it's a reserved ENB<00:05:56.990> search<00:05:57.990> engine<00:05:58.440> and<00:05:58.680> even<00:05:59.280> multiplayer 00:05:59.960 --> 00:05:59.970 align:start position:0% ENB search engine and even multiplayer 00:05:59.970 --> 00:06:05.290 align:start position:0% ENB search engine and even multiplayer games<00:06:00.210> and<00:06:01.200> it's<00:06:01.320> just<00:06:01.590> the<00:06:01.740> just<00:06:02.310> random<00:06:02.880> list 00:06:05.290 --> 00:06:05.300 align:start position:0% 00:06:05.300 --> 00:06:08.750 align:start position:0% so<00:06:06.300> I<00:06:06.660> won't<00:06:07.530> get<00:06:07.680> into<00:06:07.800> the<00:06:07.890> deep<00:06:08.310> details<00:06:08.670> of 00:06:08.750 --> 00:06:08.760 align:start position:0% so I won't get into the deep details of 00:06:08.760 --> 00:06:10.940 align:start position:0% so I won't get into the deep details of the<00:06:08.850> protocol<00:06:09.210> is<00:06:09.390> it<00:06:09.630> it<00:06:09.750> won't<00:06:09.990> fit<00:06:10.230> in<00:06:10.500> that 00:06:10.940 --> 00:06:10.950 align:start position:0% the protocol is it it won't fit in that 00:06:10.950 --> 00:06:13.130 align:start position:0% the protocol is it it won't fit in that time<00:06:11.190> but<00:06:11.310> let<00:06:11.430> me<00:06:11.490> just<00:06:11.670> give<00:06:11.850> some<00:06:12.150> some<00:06:13.050> of 00:06:13.130 --> 00:06:13.140 align:start position:0% time but let me just give some some of 00:06:13.140 --> 00:06:18.680 align:start position:0% time but let me just give some some of the<00:06:13.200> crux<00:06:13.440> of<00:06:13.620> it<00:06:14.780> so<00:06:16.670> how<00:06:17.670> how<00:06:18.210> it<00:06:18.390> becomes 00:06:18.680 --> 00:06:18.690 align:start position:0% the crux of it so how how it becomes 00:06:18.690 --> 00:06:22.250 align:start position:0% the crux of it so how how it becomes super<00:06:19.350> easy<00:06:19.650> resilient<00:06:20.750> the<00:06:21.750> point<00:06:21.960> is<00:06:22.080> that 00:06:22.250 --> 00:06:22.260 align:start position:0% super easy resilient the point is that 00:06:22.260 --> 00:06:24.920 align:start position:0% super easy resilient the point is that and<00:06:22.620> then<00:06:23.190> identity<00:06:23.850> in<00:06:24.420> the<00:06:24.630> sandra's 00:06:24.920 --> 00:06:24.930 align:start position:0% and then identity in the sandra's 00:06:24.930 --> 00:06:26.450 align:start position:0% and then identity in the sandra's network<00:06:25.290> is<00:06:25.470> nothing<00:06:25.920> but<00:06:26.040> the<00:06:26.220> accumulation 00:06:26.450 --> 00:06:26.460 align:start position:0% network is nothing but the accumulation 00:06:26.460 --> 00:06:29.300 align:start position:0% network is nothing but the accumulation or<00:06:27.000> the<00:06:27.120> history<00:06:27.540> of<00:06:27.930> one's<00:06:28.230> action<00:06:28.680> you<00:06:29.280> are 00:06:29.300 --> 00:06:29.310 align:start position:0% or the history of one's action you are 00:06:29.310 --> 00:06:34.150 align:start position:0% or the history of one's action you are what<00:06:29.730> you<00:06:29.880> do<00:06:30.950> and<00:06:31.950> if<00:06:32.850> you<00:06:32.880> don't<00:06:33.090> do<00:06:33.240> anything 00:06:34.150 --> 00:06:34.160 align:start position:0% what you do and if you don't do anything 00:06:34.160 --> 00:06:36.080 align:start position:0% what you do and if you don't do anything from<00:06:35.160> the<00:06:35.280> network<00:06:35.550> perspective<00:06:35.670> you<00:06:36.030> are 00:06:36.080 --> 00:06:36.090 align:start position:0% from the network perspective you are 00:06:36.090 --> 00:06:38.480 align:start position:0% from the network perspective you are nothing<00:06:36.600> so<00:06:37.350> stable<00:06:37.620> by<00:06:37.860> definition<00:06:38.190> is 00:06:38.480 --> 00:06:38.490 align:start position:0% nothing so stable by definition is 00:06:38.490 --> 00:06:40.280 align:start position:0% nothing so stable by definition is nothing<00:06:38.880> and<00:06:39.030> nothing<00:06:39.600> means<00:06:39.780> that<00:06:39.870> he<00:06:39.960> has<00:06:40.080> no 00:06:40.280 --> 00:06:40.290 align:start position:0% nothing and nothing means that he has no 00:06:40.290 --> 00:06:43.500 align:start position:0% nothing and nothing means that he has no reputation<00:06:40.530> and<00:06:41.010> cannot<00:06:41.430> affect<00:06:41.730> Network 00:06:43.500 --> 00:06:43.510 align:start position:0% reputation and cannot affect Network 00:06:43.510 --> 00:06:45.300 align:start position:0% reputation and cannot affect Network it<00:06:43.570> doesn't<00:06:43.840> always<00:06:44.200> be<00:06:44.440> seated<00:06:44.770> by<00:06:44.890> making<00:06:45.220> a 00:06:45.300 --> 00:06:45.310 align:start position:0% it doesn't always be seated by making a 00:06:45.310 --> 00:06:46.710 align:start position:0% it doesn't always be seated by making a valuable<00:06:45.670> contribution<00:06:45.910> when<00:06:46.510> I<00:06:46.600> say 00:06:46.710 --> 00:06:46.720 align:start position:0% valuable contribution when I say 00:06:46.720 --> 00:06:48.660 align:start position:0% valuable contribution when I say valuable<00:06:47.080> I<00:06:47.290> mean<00:06:47.440> by<00:06:47.560> as<00:06:47.770> perceived<00:06:48.550> by 00:06:48.660 --> 00:06:48.670 align:start position:0% valuable I mean by as perceived by 00:06:48.670 --> 00:06:52.080 align:start position:0% valuable I mean by as perceived by already<00:06:49.360> reputable<00:06:49.930> agents<00:06:50.910> and<00:06:51.910> then 00:06:52.080 --> 00:06:52.090 align:start position:0% already reputable agents and then 00:06:52.090 --> 00:06:53.460 align:start position:0% already reputable agents and then valuable<00:06:52.450> condition<00:06:52.750> is<00:06:52.840> also<00:06:52.990> rewarded<00:06:53.410> with 00:06:53.460 --> 00:06:53.470 align:start position:0% valuable condition is also rewarded with 00:06:53.470 --> 00:06:58.830 align:start position:0% valuable condition is also rewarded with tokens<00:06:53.710> tokens<00:06:54.160> and<00:06:54.460> reputation<00:06:57.480> the<00:06:58.480> crucial 00:06:58.830 --> 00:06:58.840 align:start position:0% tokens tokens and reputation the crucial 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it's<00:07:06.820> kind<00:07:07.150> of<00:07:07.270> proof<00:07:07.960> of<00:07:08.080> stake<00:07:08.290> of 00:07:08.400 --> 00:07:08.410 align:start position:0% stake it's kind of proof of stake of 00:07:08.410 --> 00:07:09.840 align:start position:0% stake it's kind of proof of stake of reputation<00:07:08.590> or<00:07:09.100> another<00:07:09.400> way<00:07:09.550> to<00:07:09.580> think<00:07:09.700> about 00:07:09.840 --> 00:07:09.850 align:start position:0% reputation or another way to think about 00:07:09.850 --> 00:07:12.480 align:start position:0% reputation or another way to think about it<00:07:10.120> as<00:07:10.300> a<00:07:10.600> prediction<00:07:10.990> market<00:07:11.440> for<00:07:11.980> reputation 00:07:12.480 --> 00:07:12.490 align:start position:0% it as a prediction market for reputation 00:07:12.490 --> 00:07:15.930 align:start position:0% it as a prediction market for reputation of<00:07:12.640> for<00:07:12.790> tokens<00:07:13.200> and<00:07:14.200> then<00:07:15.040> if<00:07:15.310> the<00:07:15.550> evaluation 00:07:15.930 --> 00:07:15.940 align:start position:0% of for tokens and then if the evaluation 00:07:15.940 --> 00:07:18.960 align:start position:0% of for tokens and then if the evaluation was<00:07:16.480> good<00:07:16.780> or<00:07:17.080> bad<00:07:17.140> we'll<00:07:18.130> make<00:07:18.280> him<00:07:18.460> gain<00:07:18.730> or 00:07:18.960 --> 00:07:18.970 align:start position:0% was good or bad we'll make him gain or 00:07:18.970 --> 00:07:21.540 align:start position:0% was good or bad we'll make him gain or lose<00:07:19.240> his<00:07:19.840> reputation<00:07:20.050> now<00:07:20.980> what<00:07:21.190> good<00:07:21.400> and 00:07:21.540 --> 00:07:21.550 align:start position:0% lose his reputation now what good and 00:07:21.550 --> 00:07:25.050 align:start position:0% lose his reputation now what good and bad<00:07:21.700> is<00:07:22.020> so<00:07:23.020> good<00:07:23.200> but<00:07:23.410> is<00:07:23.590> defined<00:07:24.010> by<00:07:24.640> a<00:07:24.670> line 00:07:25.050 --> 00:07:25.060 align:start position:0% bad is so good but is defined by a line 00:07:25.060 --> 00:07:26.940 align:start position:0% bad is so good but is defined by a line with<00:07:25.330> the<00:07:25.390> community<00:07:25.810> rather<00:07:26.320> than<00:07:26.500> this<00:07:26.680> line 00:07:26.940 --> 00:07:26.950 align:start position:0% with the community rather than this line 00:07:26.950 --> 00:07:30.030 align:start position:0% with the community rather than this line of<00:07:27.070> the<00:07:27.130> community<00:07:28.350> the<00:07:29.350> consequence<00:07:29.860> of<00:07:29.980> that 00:07:30.030 --> 00:07:30.040 align:start position:0% of the community the consequence of that 00:07:30.040 --> 00:07:31.590 align:start position:0% of the community the consequence of that is<00:07:30.400> that<00:07:30.430> it<00:07:30.670> creates<00:07:30.820> a<00:07:31.030> feedback<00:07:31.450> loop 00:07:31.590 --> 00:07:31.600 align:start position:0% is that it creates a feedback loop 00:07:31.600 --> 00:07:34.380 align:start position:0% is that it creates a feedback loop towards<00:07:32.230> alignment<00:07:32.650> those<00:07:33.370> who<00:07:33.790> were<00:07:33.850> the 00:07:34.380 --> 00:07:34.390 align:start position:0% towards alignment those who were the 00:07:34.390 --> 00:07:37.530 align:start position:0% towards alignment those who were the majority<00:07:34.870> of<00:07:34.900> alignment<00:07:35.410> before<00:07:36.180> will<00:07:37.180> define 00:07:37.530 --> 00:07:37.540 align:start position:0% majority of alignment before will define 00:07:37.540 --> 00:07:40.440 align:start position:0% majority of alignment before will define the<00:07:38.140> excess<00:07:38.500> of<00:07:38.620> alignment<00:07:39.010> then<00:07:39.850> they<00:07:40.270> will 00:07:40.440 --> 00:07:40.450 align:start position:0% the excess of alignment then they will 00:07:40.450 --> 00:07:43.680 align:start position:0% the excess of alignment then they will gain<00:07:40.660> reputation<00:07:41.260> from<00:07:41.470> that<00:07:41.680> step<00:07:42.540> in<00:07:43.540> the 00:07:43.680 --> 00:07:43.690 align:start position:0% gain reputation from that step in the 00:07:43.690 --> 00:07:46.740 align:start position:0% gain reputation from that step in the next<00:07:43.990> step<00:07:44.200> they<00:07:44.800> will<00:07:44.830> even<00:07:45.730> have<00:07:45.880> will<00:07:46.450> even 00:07:46.740 --> 00:07:46.750 align:start position:0% next step they will even have will even 00:07:46.750 --> 00:07:49.710 align:start position:0% next step they will even have will even composed<00:07:47.080> a<00:07:47.260> larger<00:07:47.620> majority<00:07:48.280> and<00:07:48.820> that's 00:07:49.710 --> 00:07:49.720 align:start position:0% composed a larger majority and that's 00:07:49.720 --> 00:07:51.150 align:start position:0% composed a larger majority and that's what<00:07:49.840> they<00:07:49.930> finalize<00:07:50.350> the<00:07:50.530> access<00:07:50.800> of<00:07:50.830> I<00:07:50.980> might 00:07:51.150 --> 00:07:51.160 align:start position:0% what they finalize the access of I might 00:07:51.160 --> 00:07:54.480 align:start position:0% what they finalize the access of I might even<00:07:51.280> strongly<00:07:52.140> more<00:07:53.140> strongly<00:07:53.560> which<00:07:54.250> means 00:07:54.480 --> 00:07:54.490 align:start position:0% even strongly more strongly which means 00:07:54.490 --> 00:07:57.780 align:start position:0% even strongly more strongly which means creates<00:07:54.820> a<00:07:54.880> feedback<00:07:55.090> loop<00:07:55.390> of<00:07:55.510> alignment<00:07:56.790> so 00:07:57.780 --> 00:07:57.790 align:start position:0% creates a feedback loop of alignment so 00:07:57.790 --> 00:07:59.820 align:start position:0% creates a feedback loop of alignment so what<00:07:57.940> happens<00:07:58.210> about<00:07:58.390> the<00:07:58.450> misaligned<00:07:58.900> agents 00:07:59.820 --> 00:07:59.830 align:start position:0% what happens about the misaligned agents 00:07:59.830 --> 00:08:01.680 align:start position:0% what happens about the misaligned agents the<00:08:00.220> misaligned<00:08:00.640> edge<00:08:00.820> agents<00:08:01.330> has<00:08:01.510> the 00:08:01.680 --> 00:08:01.690 align:start position:0% the misaligned edge agents has the 00:08:01.690 --> 00:08:03.240 align:start position:0% the misaligned edge agents has the incentive<00:08:02.080> to<00:08:02.110> fork<00:08:02.500> the<00:08:02.680> network<00:08:02.950> just<00:08:03.100> as 00:08:03.240 --> 00:08:03.250 align:start position:0% incentive to fork the network just as 00:08:03.250 --> 00:08:05.310 align:start position:0% incentive to fork the network just as you<00:08:03.340> for<00:08:03.580> code<00:08:03.760> on<00:08:03.910> github<00:08:04.030> you<00:08:04.480> can<00:08:04.840> fork<00:08:05.230> a 00:08:05.310 --> 00:08:05.320 align:start position:0% you for code on github you can fork a 00:08:05.320 --> 00:08:07.680 align:start position:0% you for code on github you can fork a network<00:08:05.650> in<00:08:06.160> new<00:08:06.400> reputation<00:08:06.580> system<00:08:07.210> a<00:08:07.360> new 00:08:07.680 --> 00:08:07.690 align:start position:0% network in new reputation system a new 00:08:07.690 --> 00:08:12.840 align:start position:0% network in new reputation system a new token<00:08:07.900> system<00:08:08.410> and<00:08:08.680> by<00:08:09.520> that<00:08:09.730> you<00:08:09.850> get<00:08:11.850> micro 00:08:12.840 --> 00:08:12.850 align:start position:0% token system and by that you get micro 00:08:12.850 --> 00:08:16.530 align:start position:0% token system and by that you get micro alignment<00:08:13.000> and<00:08:13.450> macro<00:08:14.080> diversity<00:08:15.540> that 00:08:16.530 --> 00:08:16.540 align:start position:0% alignment and macro diversity that 00:08:16.540 --> 00:08:18.480 align:start position:0% alignment and macro diversity that results<00:08:16.930> in<00:08:17.020> if<00:08:17.380> you<00:08:17.560> follow<00:08:17.860> this<00:08:18.070> process 00:08:18.480 --> 00:08:18.490 align:start position:0% results in if you follow this process 00:08:18.490 --> 00:08:21.590 align:start position:0% results in if you follow this process this<00:08:19.240> is<00:08:19.390> just<00:08:19.690> exactly<00:08:20.440> how<00:08:20.800> evolution<00:08:21.370> works 00:08:21.590 --> 00:08:21.600 align:start position:0% this is just exactly how evolution works 00:08:21.600 --> 00:08:24.030 align:start position:0% this is just exactly how evolution works and<00:08:22.600> if<00:08:22.930> you<00:08:23.020> just<00:08:23.170> follow<00:08:23.350> the<00:08:23.530> process<00:08:23.860> of 00:08:24.030 --> 00:08:24.040 align:start position:0% and if you just follow the process of 00:08:24.040 --> 00:08:25.590 align:start position:0% and if you just follow the process of the<00:08:24.130> process<00:08:24.460> you<00:08:24.550> get<00:08:24.670> the<00:08:24.760> fractal<00:08:25.060> network 00:08:25.590 --> 00:08:25.600 align:start position:0% the process you get the fractal network 00:08:25.600 --> 00:08:28.830 align:start position:0% the process you get the fractal network of<00:08:25.750> networks<00:08:27.450> that's<00:08:28.450> how<00:08:28.570> the<00:08:28.630> program 00:08:28.830 --> 00:08:28.840 align:start position:0% of networks that's how the program 00:08:28.840 --> 00:08:31.830 align:start position:0% of networks that's how the program dynamics<00:08:29.590> look<00:08:29.800> like<00:08:29.980> in<00:08:30.220> a<00:08:30.280> very<00:08:30.840> abstract 00:08:31.830 --> 00:08:31.840 align:start position:0% dynamics look like in a very abstract 00:08:31.840 --> 00:08:35.670 align:start position:0% dynamics look like in a very abstract way<00:08:32.130> you<00:08:33.130> can<00:08:33.280> make<00:08:33.400> a<00:08:33.430> contribution<00:08:34.680> from 00:08:35.670 --> 00:08:35.680 align:start position:0% way you can make a contribution from 00:08:35.680 --> 00:08:37.860 align:start position:0% way you can make a contribution from that<00:08:35.860> configuration<00:08:36.310> it<00:08:36.640> can<00:08:36.760> get<00:08:37.419> rewarded 00:08:37.860 --> 00:08:37.870 align:start position:0% that configuration it can get rewarded 00:08:37.870 --> 00:08:39.960 align:start position:0% that configuration it can get rewarded with<00:08:38.020> tokens<00:08:38.560> and<00:08:38.740> reputation 00:08:39.960 --> 00:08:39.970 align:start position:0% with tokens and reputation 00:08:39.970 --> 00:08:42.480 align:start position:0% with tokens and reputation once<00:08:40.690> you<00:08:40.840> have<00:08:40.990> reputation<00:08:41.560> you<00:08:42.190> can<00:08:42.340> make 00:08:42.480 --> 00:08:42.490 align:start position:0% once you have reputation you can make 00:08:42.490 --> 00:08:44.780 align:start position:0% once you have reputation you can make evaluations<00:08:42.700> and<00:08:43.390> then<00:08:44.290> with<00:08:44.500> this 00:08:44.780 --> 00:08:44.790 align:start position:0% evaluations and then with this 00:08:44.790 --> 00:08:46.670 align:start position:0% evaluations and then with this evaluation 00:08:46.670 --> 00:08:46.680 align:start position:0% evaluation 00:08:46.680 --> 00:08:49.890 align:start position:0% evaluation now<00:08:47.680> you<00:08:47.740> can<00:08:47.950> evaluate<00:08:48.130> a<00:08:48.520> more<00:08:49.390> contribution 00:08:49.890 --> 00:08:49.900 align:start position:0% now you can evaluate a more contribution 00:08:49.900 --> 00:08:53.220 align:start position:0% now you can evaluate a more contribution and<00:08:50.140> that<00:08:50.350> it<00:08:50.620> goes<00:08:50.800> on<00:08:50.980> like<00:08:51.010> that<00:08:52.230> sliding 00:08:53.220 --> 00:08:53.230 align:start position:0% and that it goes on like that sliding 00:08:53.230 --> 00:08:54.510 align:start position:0% and that it goes on like that sliding with<00:08:53.470> more<00:08:53.650> details<00:08:53.950> again<00:08:54.220> not<00:08:54.370> too 00:08:54.510 --> 00:08:54.520 align:start position:0% with more details again not too 00:08:54.520 --> 00:08:56.970 align:start position:0% with more details again not too technical<00:08:54.700> but<00:08:55.210> you<00:08:56.110> can<00:08:56.290> present<00:08:56.560> the 00:08:56.970 --> 00:08:56.980 align:start position:0% technical but you can present the 00:08:56.980 --> 00:08:58.620 align:start position:0% technical but you can present the poor<00:08:57.100> protocol<00:08:57.519> in<00:08:58.000> the<00:08:58.240> diagrammatic 00:08:58.620 --> 00:08:58.630 align:start position:0% poor protocol in the diagrammatic 00:08:58.630 --> 00:09:00.600 align:start position:0% poor protocol in the diagrammatic fashion<00:08:59.260> which<00:08:59.740> are<00:08:59.889> physicists<00:09:00.339> are<00:09:00.430> very 00:09:00.600 --> 00:09:00.610 align:start position:0% fashion which are physicists are very 00:09:00.610 --> 00:09:03.120 align:start position:0% fashion which are physicists are very used<00:09:00.699> to<00:09:00.990> so<00:09:01.990> these<00:09:02.350> are<00:09:02.500> this<00:09:02.800> is<00:09:02.860> a 00:09:03.120 --> 00:09:03.130 align:start position:0% used to so these are this is a 00:09:03.130 --> 00:09:04.710 align:start position:0% used to so these are this is a dictionary<00:09:03.459> for<00:09:03.730> Network<00:09:04.240> collaborated 00:09:04.710 --> 00:09:04.720 align:start position:0% dictionary for Network collaborated 00:09:04.720 --> 00:09:06.930 align:start position:0% dictionary for Network collaborated contribution<00:09:05.279> contributing<00:09:06.279> evaluating<00:09:06.850> a 00:09:06.930 --> 00:09:06.940 align:start position:0% contribution contributing evaluating a 00:09:06.940 --> 00:09:08.340 align:start position:0% contribution contributing evaluating a rotation<00:09:07.420> it<00:09:07.540> looks<00:09:07.720> like<00:09:07.870> that<00:09:08.019> something 00:09:08.340 --> 00:09:08.350 align:start position:0% rotation it looks like that something 00:09:08.350 --> 00:09:12.030 align:start position:0% rotation it looks like that something like<00:09:08.440> that<00:09:08.500> so<00:09:09.399> this<00:09:10.120> is<00:09:10.180> a<00:09:10.269> network<00:09:10.889> and<00:09:11.889> then 00:09:12.030 --> 00:09:12.040 align:start position:0% like that so this is a network and then 00:09:12.040 --> 00:09:14.189 align:start position:0% like that so this is a network and then there<00:09:12.160> is<00:09:12.250> an<00:09:12.339> agent<00:09:12.730> who<00:09:13.449> has<00:09:13.660> all<00:09:13.930> of<00:09:13.959> the 00:09:14.189 --> 00:09:14.199 align:start position:0% there is an agent who has all of the 00:09:14.199 --> 00:09:16.019 align:start position:0% there is an agent who has all of the reputation<00:09:14.380> of<00:09:14.680> that<00:09:14.829> network<00:09:15.160> and<00:09:15.459> then<00:09:15.910> he's 00:09:16.019 --> 00:09:16.029 align:start position:0% reputation of that network and then he's 00:09:16.029 --> 00:09:17.910 align:start position:0% reputation of that network and then he's making<00:09:16.510> some<00:09:16.660> contribution<00:09:17.170> and<00:09:17.320> since<00:09:17.829> he 00:09:17.910 --> 00:09:17.920 align:start position:0% making some contribution and since he 00:09:17.920 --> 00:09:20.129 align:start position:0% making some contribution and since he has<00:09:18.040> all<00:09:18.160> the<00:09:18.310> rotational<00:09:18.550> network<00:09:19.029> he<00:09:19.930> also 00:09:20.129 --> 00:09:20.139 align:start position:0% has all the rotational network he also 00:09:20.139 --> 00:09:21.720 align:start position:0% has all the rotational network he also he<00:09:20.350> also<00:09:20.470> has<00:09:20.769> all<00:09:20.920> the<00:09:21.040> tokens<00:09:21.399> of<00:09:21.610> that 00:09:21.720 --> 00:09:21.730 align:start position:0% he also has all the tokens of that 00:09:21.730 --> 00:09:23.699 align:start position:0% he also has all the tokens of that network<00:09:22.089> and<00:09:23.079> now<00:09:23.230> there<00:09:23.380> is<00:09:23.410> a<00:09:23.500> new 00:09:23.699 --> 00:09:23.709 align:start position:0% network and now there is a new 00:09:23.709 --> 00:09:25.290 align:start position:0% network and now there is a new contributor<00:09:24.190> he's<00:09:24.790> making<00:09:25.149> a<00:09:25.209> new 00:09:25.290 --> 00:09:25.300 align:start position:0% contributor he's making a new 00:09:25.300 --> 00:09:31.110 align:start position:0% contributor he's making a new contribution<00:09:26.430> now<00:09:27.430> the<00:09:27.720> first<00:09:29.820> agent<00:09:30.820> can 00:09:31.110 --> 00:09:31.120 align:start position:0% contribution now the first agent can 00:09:31.120 --> 00:09:33.750 align:start position:0% contribution now the first agent can evaluate<00:09:31.420> that<00:09:31.630> contribution<00:09:32.320> and<00:09:32.639> since<00:09:33.639> he 00:09:33.750 --> 00:09:33.760 align:start position:0% evaluate that contribution and since he 00:09:33.760 --> 00:09:35.490 align:start position:0% evaluate that contribution and since he has<00:09:33.850> all<00:09:34.029> of<00:09:34.060> the<00:09:34.240> reputation<00:09:34.690> as<00:09:34.839> a<00:09:35.079> result 00:09:35.490 --> 00:09:35.500 align:start position:0% has all of the reputation as a result 00:09:35.500 --> 00:09:37.680 align:start position:0% has all of the reputation as a result now<00:09:35.709> the<00:09:35.769> second<00:09:36.250> agent<00:09:36.430> received<00:09:37.269> some 00:09:37.680 --> 00:09:37.690 align:start position:0% now the second agent received some 00:09:37.690 --> 00:09:41.250 align:start position:0% now the second agent received some tokens<00:09:38.170> and<00:09:38.440> reputation<00:09:39.930> now<00:09:40.930> he<00:09:40.990> can 00:09:41.250 --> 00:09:41.260 align:start position:0% tokens and reputation now he can 00:09:41.260 --> 00:09:43.769 align:start position:0% tokens and reputation now he can evaluate<00:09:41.529> back<00:09:41.889> the<00:09:42.550> first<00:09:42.820> contribution<00:09:43.209> and 00:09:43.769 --> 00:09:43.779 align:start position:0% evaluate back the first contribution and 00:09:43.779 --> 00:09:46.860 align:start position:0% evaluate back the first contribution and maybe<00:09:44.380> the<00:09:45.190> first<00:09:45.430> contributors<00:09:45.970> token 00:09:46.860 --> 00:09:46.870 align:start position:0% maybe the first contributors token 00:09:46.870 --> 00:09:50.370 align:start position:0% maybe the first contributors token rotation<00:09:47.050> will<00:09:47.410> grow<00:09:47.620> and<00:09:48.389> finally<00:09:49.389> there<00:09:50.170> can 00:09:50.370 --> 00:09:50.380 align:start position:0% rotation will grow and finally there can 00:09:50.380 --> 00:09:53.129 align:start position:0% rotation will grow and finally there can be<00:09:50.410> a<00:09:50.560> third<00:09:50.730> könig<00:09:51.730> yeutter<00:09:51.880> right<00:09:52.029> now<00:09:52.209> but 00:09:53.129 --> 00:09:53.139 align:start position:0% be a third könig yeutter right now but 00:09:53.139 --> 00:09:55.139 align:start position:0% be a third könig yeutter right now but maybe<00:09:53.260> he's<00:09:53.529> already<00:09:54.519> the<00:09:54.610> system<00:09:54.940> so 00:09:55.139 --> 00:09:55.149 align:start position:0% maybe he's already the system so 00:09:55.149 --> 00:09:57.449 align:start position:0% maybe he's already the system so he<00:09:55.269> is<00:09:55.329> he's<00:09:55.870> part<00:09:56.110> of<00:09:56.170> a<00:09:56.290> new<00:09:56.440> network<00:09:56.620> and<00:09:57.370> he 00:09:57.449 --> 00:09:57.459 align:start position:0% he is he's part of a new network and he 00:09:57.459 --> 00:10:00.720 align:start position:0% he is he's part of a new network and he owns<00:09:57.639> all<00:09:57.820> the<00:09:57.910> reputation<00:09:58.269> there<00:09:59.519> but<00:10:00.519> maybe 00:10:00.720 --> 00:10:00.730 align:start position:0% owns all the reputation there but maybe 00:10:00.730 --> 00:10:03.300 align:start position:0% owns all the reputation there but maybe the<00:10:00.910> second<00:10:01.720> agent<00:10:02.160> evaluated<00:10:03.160> his 00:10:03.300 --> 00:10:03.310 align:start position:0% the second agent evaluated his 00:10:03.310 --> 00:10:05.759 align:start position:0% the second agent evaluated his contribution<00:10:04.199> but<00:10:05.199> he's<00:10:05.319> still<00:10:05.560> not<00:10:05.649> the 00:10:05.759 --> 00:10:05.769 align:start position:0% contribution but he's still not the 00:10:05.769 --> 00:10:08.160 align:start position:0% contribution but he's still not the majority<00:10:06.010> but<00:10:06.430> now<00:10:06.970> also<00:10:07.180> the<00:10:07.420> the<00:10:07.899> first 00:10:08.160 --> 00:10:08.170 align:start position:0% majority but now also the the first 00:10:08.170 --> 00:10:10.199 align:start position:0% majority but now also the the first agent<00:10:08.560> evaluated<00:10:09.040> it<00:10:09.160> and<00:10:09.459> now<00:10:09.850> he's<00:10:10.029> also 00:10:10.199 --> 00:10:10.209 align:start position:0% agent evaluated it and now he's also 00:10:10.209 --> 00:10:12.629 align:start position:0% agent evaluated it and now he's also getting<00:10:10.420> reputation<00:10:11.110> in<00:10:11.860> the<00:10:12.010> first<00:10:12.279> Network 00:10:12.629 --> 00:10:12.639 align:start position:0% getting reputation in the first Network 00:10:12.639 --> 00:10:14.519 align:start position:0% getting reputation in the first Network and<00:10:12.850> his<00:10:13.149> process<00:10:13.540> basically<00:10:13.839> can<00:10:13.990> go<00:10:14.139> on<00:10:14.350> and 00:10:14.519 --> 00:10:14.529 align:start position:0% and his process basically can go on and 00:10:14.529 --> 00:10:16.139 align:start position:0% and his process basically can go on and on<00:10:14.589> and<00:10:14.860> you<00:10:14.920> can<00:10:15.310> draw<00:10:15.550> it<00:10:15.699> you<00:10:15.910> can<00:10:16.060> make 00:10:16.139 --> 00:10:16.149 align:start position:0% on and you can draw it you can make 00:10:16.149 --> 00:10:18.900 align:start position:0% on and you can draw it you can make diagrams<00:10:16.630> there<00:10:17.019> is<00:10:17.130> concrete<00:10:18.130> calculation 00:10:18.900 --> 00:10:18.910 align:start position:0% diagrams there is concrete calculation 00:10:18.910 --> 00:10:20.610 align:start position:0% diagrams there is concrete calculation behind<00:10:19.089> it<00:10:19.360> and<00:10:19.899> you<00:10:19.990> can<00:10:20.110> prove<00:10:20.290> it<00:10:20.410> it's 00:10:20.610 --> 00:10:20.620 align:start position:0% behind it and you can prove it it's 00:10:20.620 --> 00:10:24.439 align:start position:0% behind it and you can prove it it's fully<00:10:20.949> a<00:10:21.190> super<00:10:22.120> resilient<00:10:22.329> resilient 00:10:24.439 --> 00:10:24.449 align:start position:0% fully a super resilient resilient 00:10:24.449 --> 00:10:28.650 align:start position:0% fully a super resilient resilient let<00:10:25.449> me<00:10:25.569> quickly<00:10:25.870> show<00:10:26.199> you<00:10:26.910> three<00:10:27.910> proof<00:10:28.569> of 00:10:28.650 --> 00:10:28.660 align:start position:0% let me quickly show you three proof of 00:10:28.660 --> 00:10:33.449 align:start position:0% let me quickly show you three proof of concept<00:10:29.139> that<00:10:29.199> we've<00:10:29.410> built<00:10:29.709> so<00:10:30.160> far<00:10:32.459> and 00:10:33.449 --> 00:10:33.459 align:start position:0% concept that we've built so far and 00:10:33.459 --> 00:10:36.809 align:start position:0% concept that we've built so far and there<00:10:33.819> are<00:10:33.880> some<00:10:34.089> more<00:10:34.300> in<00:10:35.199> the<00:10:35.290> pipeline<00:10:35.819> so 00:10:36.809 --> 00:10:36.819 align:start position:0% there are some more in the pipeline so 00:10:36.819 --> 00:10:38.939 align:start position:0% there are some more in the pipeline so basically<00:10:37.029> this<00:10:37.329> is<00:10:37.389> a<00:10:37.510> decentralized<00:10:37.959> chess 00:10:38.939 --> 00:10:38.949 align:start position:0% basically this is a decentralized chess 00:10:38.949 --> 00:10:41.490 align:start position:0% basically this is a decentralized chess game<00:10:39.220> so<00:10:40.209> thousands<00:10:40.630> of<00:10:40.690> people<00:10:40.990> can<00:10:41.260> play 00:10:41.490 --> 00:10:41.500 align:start position:0% game so thousands of people can play 00:10:41.500 --> 00:10:45.030 align:start position:0% game so thousands of people can play together<00:10:41.680> one<00:10:42.279> hand<00:10:42.550> against<00:10:43.089> the<00:10:43.180> machine<00:10:44.040> so 00:10:45.030 --> 00:10:45.040 align:start position:0% together one hand against the machine so 00:10:45.040 --> 00:10:50.850 align:start position:0% together one hand against the machine so you<00:10:45.069> can<00:10:45.490> suggest<00:10:45.730> the<00:10:45.940> move<00:10:49.290> yeah<00:10:50.290> let's<00:10:50.709> see 00:10:50.850 --> 00:10:50.860 align:start position:0% you can suggest the move yeah let's see 00:10:50.860 --> 00:10:53.129 align:start position:0% you can suggest the move yeah let's see what<00:10:51.040> is<00:10:51.279> better<00:10:51.459> okay<00:10:51.790> that<00:10:51.970> move<00:10:52.180> and<00:10:52.480> then 00:10:53.129 --> 00:10:53.139 align:start position:0% what is better okay that move and then 00:10:53.139 --> 00:10:55.019 align:start position:0% what is better okay that move and then everyone<00:10:53.470> can<00:10:53.620> see<00:10:53.769> that<00:10:53.920> move<00:10:54.100> and<00:10:54.339> make 00:10:55.019 --> 00:10:55.029 align:start position:0% everyone can see that move and make 00:10:55.029 --> 00:10:58.470 align:start position:0% everyone can see that move and make evaluation<00:10:55.630> of<00:10:56.079> that<00:10:56.139> move<00:10:56.529> and<00:10:57.480> your 00:10:58.470 --> 00:10:58.480 align:start position:0% evaluation of that move and your 00:10:58.480 --> 00:11:00.389 align:start position:0% evaluation of that move and your evaluation<00:10:59.050> is<00:10:59.079> of<00:10:59.529> course<00:10:59.769> weighted<00:11:00.190> by 00:11:00.389 --> 00:11:00.399 align:start position:0% evaluation is of course weighted by 00:11:00.399 --> 00:11:02.730 align:start position:0% evaluation is of course weighted by reputation<00:11:01.000> if<00:11:01.750> you<00:11:01.870> make<00:11:02.019> a<00:11:02.050> good<00:11:02.290> move<00:11:02.500> as 00:11:02.730 --> 00:11:02.740 align:start position:0% reputation if you make a good move as 00:11:02.740 --> 00:11:04.439 align:start position:0% reputation if you make a good move as judged<00:11:03.160> by<00:11:03.220> the<00:11:03.310> community<00:11:03.430> your<00:11:04.120> passion 00:11:04.439 --> 00:11:04.449 align:start position:0% judged by the community your passion 00:11:04.449 --> 00:11:06.569 align:start position:0% judged by the community your passion will<00:11:04.540> increase<00:11:04.870> if<00:11:05.800> you<00:11:05.949> make<00:11:06.100> a<00:11:06.130> bad<00:11:06.370> move 00:11:06.569 --> 00:11:06.579 align:start position:0% will increase if you make a bad move 00:11:06.579 --> 00:11:10.040 align:start position:0% will increase if you make a bad move your<00:11:06.790> reputation<00:11:06.939> will<00:11:07.269> be<00:11:07.300> decreased 00:11:10.040 --> 00:11:10.050 align:start position:0% 00:11:10.050 --> 00:11:11.750 align:start position:0% at<00:11:10.290> the<00:11:10.380> end<00:11:10.500> of<00:11:10.560> the<00:11:10.680> day<00:11:10.830> or<00:11:11.190> at<00:11:11.399> the<00:11:11.610> end<00:11:11.700> of 00:11:11.750 --> 00:11:11.760 align:start position:0% at the end of the day or at the end of 00:11:11.760 --> 00:11:14.870 align:start position:0% at the end of the day or at the end of the<00:11:11.880> turn<00:11:12.589> the<00:11:13.589> move<00:11:13.769> with<00:11:13.950> most<00:11:14.220> reputation 00:11:14.870 --> 00:11:14.880 align:start position:0% the turn the move with most reputation 00:11:14.880 --> 00:11:17.829 align:start position:0% the turn the move with most reputation or<00:11:15.060> most<00:11:15.240> the<00:11:15.660> most<00:11:15.839> potent<00:11:16.290> move<00:11:16.470> for<00:11:16.709> will<00:11:17.339> be 00:11:17.829 --> 00:11:17.839 align:start position:0% or most the most potent move for will be 00:11:17.839 --> 00:11:25.040 align:start position:0% or most the most potent move for will be chosen<00:11:18.839> and<00:11:19.290> will<00:11:19.830> be<00:11:19.950> played<00:11:22.310> let's<00:11:23.310> see<00:11:24.050> yeah 00:11:25.040 --> 00:11:25.050 align:start position:0% chosen and will be played let's see yeah 00:11:25.050 --> 00:11:28.130 align:start position:0% chosen and will be played let's see yeah yeah<00:11:25.830> so<00:11:26.040> that's<00:11:26.329> especially<00:11:27.329> how<00:11:27.690> it<00:11:27.779> happens 00:11:28.130 --> 00:11:28.140 align:start position:0% yeah so that's especially how it happens 00:11:28.140 --> 00:11:31.850 align:start position:0% yeah so that's especially how it happens so<00:11:29.040> that's<00:11:29.160> just<00:11:29.250> a<00:11:29.399> proof<00:11:29.610> of<00:11:29.640> concept<00:11:30.769> let<00:11:31.769> me 00:11:31.850 --> 00:11:31.860 align:start position:0% so that's just a proof of concept let me 00:11:31.860 --> 00:11:41.329 align:start position:0% so that's just a proof of concept let me show<00:11:32.040> you<00:11:32.839> another<00:11:33.839> one<00:11:34.260> oh<00:11:40.010> so<00:11:41.010> that's<00:11:41.160> that's 00:11:41.329 --> 00:11:41.339 align:start position:0% show you another one oh so that's that's 00:11:41.339 --> 00:11:42.980 align:start position:0% show you another one oh so that's that's more<00:11:41.880> specific<00:11:42.390> like<00:11:42.480> a<00:11:42.540> the<00:11:42.690> centrist 00:11:42.980 --> 00:11:42.990 align:start position:0% more specific like a the centrist 00:11:42.990 --> 00:11:44.480 align:start position:0% more specific like a the centrist application<00:11:43.350> you<00:11:43.410> can<00:11:43.500> also<00:11:43.620> check<00:11:44.130> it<00:11:44.250> out<00:11:44.310> in 00:11:44.480 --> 00:11:44.490 align:start position:0% application you can also check it out in 00:11:44.490 --> 00:11:47.960 align:start position:0% application you can also check it out in chess<00:11:44.880> make<00:11:45.060> dot<00:11:45.240> IO<00:11:46.610> another<00:11:47.610> another 00:11:47.960 --> 00:11:47.970 align:start position:0% chess make dot IO another another 00:11:47.970 --> 00:11:50.000 align:start position:0% chess make dot IO another another application<00:11:48.240> we've<00:11:48.510> made<00:11:48.690> more<00:11:49.380> more<00:11:49.709> towards 00:11:50.000 --> 00:11:50.010 align:start position:0% application we've made more more towards 00:11:50.010 --> 00:11:51.590 align:start position:0% application we've made more more towards the<00:11:50.130> center<00:11:50.250> of<00:11:50.399> gravity<00:11:50.670> organization<00:11:51.180> is 00:11:51.590 --> 00:11:51.600 align:start position:0% the center of gravity organization is 00:11:51.600 --> 00:11:54.500 align:start position:0% the center of gravity organization is designing<00:11:52.320> a<00:11:52.620> Chrome<00:11:53.610> extension<00:11:53.640> for<00:11:54.300> slack 00:11:54.500 --> 00:11:54.510 align:start position:0% designing a Chrome extension for slack 00:11:54.510 --> 00:11:58.970 align:start position:0% designing a Chrome extension for slack so<00:11:55.440> that<00:11:55.589> teams<00:11:56.040> on<00:11:56.370> slack<00:11:56.670> can<00:11:57.980> collaborate 00:11:58.970 --> 00:11:58.980 align:start position:0% so that teams on slack can collaborate 00:11:58.980 --> 00:12:01.730 align:start position:0% so that teams on slack can collaborate in<00:11:59.220> the<00:11:59.430> sanitized<00:11:59.790> way<00:12:00.320> so<00:12:01.320> they<00:12:01.410> can<00:12:01.560> submit 00:12:01.730 --> 00:12:01.740 align:start position:0% in the sanitized way so they can submit 00:12:01.740 --> 00:12:04.850 align:start position:0% in the sanitized way so they can submit contribution<00:12:03.170> they<00:12:04.170> can<00:12:04.200> evaluate<00:12:04.560> each 00:12:04.850 --> 00:12:04.860 align:start position:0% contribution they can evaluate each 00:12:04.860 --> 00:12:08.600 align:start position:0% contribution they can evaluate each other<00:12:05.040> contribute<00:12:05.579> contribution<00:12:07.430> they<00:12:08.430> can 00:12:08.600 --> 00:12:08.610 align:start position:0% other contribute contribution they can 00:12:08.610 --> 00:12:13.550 align:start position:0% other contribute contribution they can gain<00:12:08.730> reputation<00:12:09.170> tokens<00:12:10.940> see<00:12:12.560> statistics 00:12:13.550 --> 00:12:13.560 align:start position:0% gain reputation tokens see statistics 00:12:13.560 --> 00:12:17.060 align:start position:0% gain reputation tokens see statistics and<00:12:13.950> so<00:12:14.910> on<00:12:15.029> so<00:12:15.540> I'll<00:12:15.660> just<00:12:15.839> skip<00:12:16.380> the<00:12:16.770> rest<00:12:16.920> of 00:12:17.060 --> 00:12:17.070 align:start position:0% and so on so I'll just skip the rest of 00:12:17.070 --> 00:12:20.690 align:start position:0% and so on so I'll just skip the rest of that<00:12:18.800> the<00:12:19.800> last<00:12:19.980> application<00:12:20.310> I<00:12:20.339> want<00:12:20.399> to<00:12:20.520> show 00:12:20.690 --> 00:12:20.700 align:start position:0% that the last application I want to show 00:12:20.700 --> 00:12:23.000 align:start position:0% that the last application I want to show you<00:12:20.760> is<00:12:21.240> the<00:12:21.390> most<00:12:21.480> important<00:12:21.959> one<00:12:22.050> this<00:12:22.800> is<00:12:22.950> a 00:12:23.000 --> 00:12:23.010 align:start position:0% you is the most important one this is a 00:12:23.010 --> 00:12:27.410 align:start position:0% you is the most important one this is a project<00:12:23.220> together<00:12:23.490> with<00:12:23.700> etherium<00:12:24.620> and<00:12:26.420> the 00:12:27.410 --> 00:12:27.420 align:start position:0% project together with etherium and the 00:12:27.420 --> 00:12:29.960 align:start position:0% project together with etherium and the idea<00:12:27.660> here<00:12:27.959> is<00:12:28.140> it<00:12:28.560> basically<00:12:28.829> that<00:12:29.670> we<00:12:29.790> want 00:12:29.960 --> 00:12:29.970 align:start position:0% idea here is it basically that we want 00:12:29.970 --> 00:12:32.060 align:start position:0% idea here is it basically that we want to<00:12:30.120> make<00:12:30.270> a<00:12:30.300> proof<00:12:30.600> of<00:12:30.660> concept<00:12:31.200> and<00:12:31.380> more 00:12:32.060 --> 00:12:32.070 align:start position:0% to make a proof of concept and more 00:12:32.070 --> 00:12:33.590 align:start position:0% to make a proof of concept and more deeper<00:12:32.430> proof<00:12:32.640> concept<00:12:33.089> of<00:12:33.149> these<00:12:33.270> protocols 00:12:33.590 --> 00:12:33.600 align:start position:0% deeper proof concept of these protocols 00:12:33.600 --> 00:12:36.980 align:start position:0% deeper proof concept of these protocols and<00:12:34.440> where<00:12:34.610> and<00:12:35.610> for<00:12:36.120> that<00:12:36.240> we're<00:12:36.510> looking<00:12:36.630> for 00:12:36.980 --> 00:12:36.990 align:start position:0% and where and for that we're looking for 00:12:36.990 --> 00:12:40.780 align:start position:0% and where and for that we're looking for a<00:12:37.200> wide<00:12:37.800> participation<00:12:38.250> of<00:12:39.000> the<00:12:39.480> community 00:12:40.780 --> 00:12:40.790 align:start position:0% a wide participation of the community 00:12:40.790 --> 00:12:43.970 align:start position:0% a wide participation of the community this<00:12:41.790> is<00:12:42.270> called<00:12:42.600> curate<00:12:42.990> and<00:12:43.260> the<00:12:43.290> idea<00:12:43.890> and 00:12:43.970 --> 00:12:43.980 align:start position:0% this is called curate and the idea and 00:12:43.980 --> 00:12:46.730 align:start position:0% this is called curate and the idea and curate<00:12:44.399> is<00:12:44.579> really<00:12:45.029> to<00:12:45.180> curate<00:12:45.600> the<00:12:46.589> content 00:12:46.730 --> 00:12:46.740 align:start position:0% curate is really to curate the content 00:12:46.740 --> 00:12:49.130 align:start position:0% curate is really to curate the content of<00:12:46.980> the<00:12:47.040> web<00:12:47.190> so<00:12:48.000> it's<00:12:48.149> basically<00:12:48.930> the 00:12:49.130 --> 00:12:49.140 align:start position:0% of the web so it's basically the 00:12:49.140 --> 00:12:54.579 align:start position:0% of the web so it's basically the centralized<00:12:49.500> library<00:12:49.920> you<00:12:50.640> can<00:12:50.790> add<00:12:51.260> links 00:12:54.579 --> 00:12:54.589 align:start position:0% 00:12:54.589 --> 00:12:58.639 align:start position:0% you<00:12:55.589> can<00:12:55.709> add<00:12:55.860> links<00:12:56.070> to<00:12:56.190> the<00:12:56.310> library<00:12:57.529> you<00:12:58.529> can 00:12:58.639 --> 00:12:58.649 align:start position:0% you can add links to the library you can 00:12:58.649 --> 00:13:02.540 align:start position:0% you can add links to the library you can search<00:12:59.720> tags<00:13:00.720> by<00:13:01.050> tags<00:13:01.320> for<00:13:01.500> example<00:13:01.620> so<00:13:02.399> let's 00:13:02.540 --> 00:13:02.550 align:start position:0% search tags by tags for example so let's 00:13:02.550 --> 00:13:06.639 align:start position:0% search tags by tags for example so let's just<00:13:02.790> with<00:13:02.940> Def<00:13:03.149> Con<00:13:04.880> let's<00:13:05.880> see<00:13:06.000> what<00:13:06.120> we<00:13:06.240> get 00:13:06.639 --> 00:13:06.649 align:start position:0% just with Def Con let's see what we get 00:13:06.649 --> 00:13:10.460 align:start position:0% just with Def Con let's see what we get we<00:13:07.649> get<00:13:07.800> some<00:13:07.980> result<00:13:08.310> about<00:13:08.519> uber<00:13:09.290> make<00:13:10.290> it 00:13:10.460 --> 00:13:10.470 align:start position:0% we get some result about uber make it 00:13:10.470 --> 00:13:13.670 align:start position:0% we get some result about uber make it Dow<00:13:10.820> etc<00:13:11.820> you<00:13:12.360> can<00:13:12.540> you<00:13:12.750> can<00:13:12.899> vote<00:13:13.199> on<00:13:13.529> the 00:13:13.670 --> 00:13:13.680 align:start position:0% Dow etc you can you can vote on the 00:13:13.680 --> 00:13:15.680 align:start position:0% Dow etc you can you can vote on the tagging<00:13:14.070> whether<00:13:14.519> tagging<00:13:15.029> are<00:13:15.180> relevant<00:13:15.420> or 00:13:15.680 --> 00:13:15.690 align:start position:0% tagging whether tagging are relevant or 00:13:15.690 --> 00:13:18.019 align:start position:0% tagging whether tagging are relevant or not<00:13:15.870> you<00:13:16.649> can<00:13:16.800> vote<00:13:17.010> about<00:13:17.160> the<00:13:17.339> quality<00:13:17.820> of 00:13:18.019 --> 00:13:18.029 align:start position:0% not you can vote about the quality of 00:13:18.029 --> 00:13:21.380 align:start position:0% not you can vote about the quality of the<00:13:18.240> links<00:13:18.500> and<00:13:19.820> for<00:13:20.820> each<00:13:20.970> time<00:13:21.209> you're 00:13:21.380 --> 00:13:21.390 align:start position:0% the links and for each time you're 00:13:21.390 --> 00:13:22.760 align:start position:0% the links and for each time you're making<00:13:21.510> a<00:13:21.750> vote<00:13:21.959> each<00:13:22.170> time<00:13:22.350> you're<00:13:22.500> making<00:13:22.740> a 00:13:22.760 --> 00:13:22.770 align:start position:0% making a vote each time you're making a 00:13:22.770 --> 00:13:23.730 align:start position:0% making a vote each time you're making a tag 00:13:23.730 --> 00:13:23.740 align:start position:0% tag 00:13:23.740 --> 00:13:26.010 align:start position:0% tag basically<00:13:24.270> putting<00:13:25.270> your<00:13:25.480> reputation<00:13:25.690> on 00:13:26.010 --> 00:13:26.020 align:start position:0% basically putting your reputation on 00:13:26.020 --> 00:13:27.720 align:start position:0% basically putting your reputation on stake<00:13:26.260> if<00:13:26.590> the<00:13:27.220> rest<00:13:27.400> of<00:13:27.520> the<00:13:27.610> community 00:13:27.720 --> 00:13:27.730 align:start position:0% stake if the rest of the community 00:13:27.730 --> 00:13:29.430 align:start position:0% stake if the rest of the community agrees<00:13:28.150> with<00:13:28.300> you<00:13:28.480> your<00:13:28.960> reputation<00:13:29.110> will<00:13:29.410> be 00:13:29.430 --> 00:13:29.440 align:start position:0% agrees with you your reputation will be 00:13:29.440 --> 00:13:32.430 align:start position:0% agrees with you your reputation will be increased<00:13:30.660> if<00:13:31.660> the<00:13:31.720> rest<00:13:32.050> of<00:13:32.140> community 00:13:32.430 --> 00:13:32.440 align:start position:0% increased if the rest of community 00:13:32.440 --> 00:13:34.680 align:start position:0% increased if the rest of community disagree<00:13:32.980> with<00:13:33.100> you<00:13:33.220> your<00:13:34.210> patient<00:13:34.540> will<00:13:34.660> be 00:13:34.680 --> 00:13:34.690 align:start position:0% disagree with you your patient will be 00:13:34.690 --> 00:13:40.620 align:start position:0% disagree with you your patient will be it<00:13:35.380> will<00:13:35.530> decrease<00:13:37.920> and<00:13:39.510> gradually<00:13:40.510> we're 00:13:40.620 --> 00:13:40.630 align:start position:0% it will decrease and gradually we're 00:13:40.630 --> 00:13:43.890 align:start position:0% it will decrease and gradually we're getting<00:13:40.990> a<00:13:41.730> humanely<00:13:42.730> humanely<00:13:43.390> curated 00:13:43.890 --> 00:13:43.900 align:start position:0% getting a humanely humanely curated 00:13:43.900 --> 00:13:47.250 align:start position:0% getting a humanely humanely curated database<00:13:45.270> for<00:13:46.270> the<00:13:46.330> web<00:13:46.480> specifically<00:13:47.110> here 00:13:47.250 --> 00:13:47.260 align:start position:0% database for the web specifically here 00:13:47.260 --> 00:13:49.650 align:start position:0% database for the web specifically here for<00:13:47.410> this<00:13:47.470> project<00:13:47.740> central<00:13:48.190> space<00:13:48.490> but<00:13:49.180> more 00:13:49.650 --> 00:13:49.660 align:start position:0% for this project central space but more 00:13:49.660 --> 00:13:51.630 align:start position:0% for this project central space but more generally<00:13:50.050> anything<00:13:50.650> you<00:13:51.340> can<00:13:51.490> just 00:13:51.630 --> 00:13:51.640 align:start position:0% generally anything you can just 00:13:51.640 --> 00:13:53.370 align:start position:0% generally anything you can just basically<00:13:51.790> can<00:13:52.510> just<00:13:52.660> make<00:13:52.780> a<00:13:52.810> better<00:13:53.050> search 00:13:53.370 --> 00:13:53.380 align:start position:0% basically can just make a better search 00:13:53.380 --> 00:13:57.240 align:start position:0% basically can just make a better search engine<00:13:53.980> by<00:13:54.130> that<00:13:54.310> oh<00:13:54.750> I<00:13:55.750> see<00:13:56.560> the<00:13:56.800> guy<00:13:56.950> that<00:13:57.100> has 00:13:57.240 --> 00:13:57.250 align:start position:0% engine by that oh I see the guy that has 00:13:57.250 --> 00:14:00.210 align:start position:0% engine by that oh I see the guy that has made<00:13:57.490> this<00:13:57.700> oh<00:13:58.090> this<00:13:59.050> demo<00:13:59.290> gave<00:13:59.710> two<00:13:59.920> stars 00:14:00.210 --> 00:14:00.220 align:start position:0% made this oh this demo gave two stars 00:14:00.220 --> 00:14:01.770 align:start position:0% made this oh this demo gave two stars for<00:14:00.310> colony<00:14:00.790> which<00:14:01.150> means<00:14:01.360> it<00:14:01.450> gonna<00:14:01.600> lose<00:14:01.750> a 00:14:01.770 --> 00:14:01.780 align:start position:0% for colony which means it gonna lose a 00:14:01.780 --> 00:14:03.600 align:start position:0% for colony which means it gonna lose a lot<00:14:01.960> of<00:14:02.050> reputation<00:14:02.290> become<00:14:02.860> because<00:14:03.280> colony 00:14:03.600 --> 00:14:03.610 align:start position:0% lot of reputation become because colony 00:14:03.610 --> 00:14:09.380 align:start position:0% lot of reputation become because colony are<00:14:03.700> really<00:14:03.880> awesome<00:14:06.390> so<00:14:07.390> that's<00:14:07.510> our<00:14:07.690> you<00:14:07.810> add 00:14:09.380 --> 00:14:09.390 align:start position:0% are really awesome so that's our you add 00:14:09.390 --> 00:14:16.950 align:start position:0% are really awesome so that's our you add links<00:14:10.390> etc<00:14:13.710> so<00:14:14.710> any<00:14:14.860> end<00:14:15.040> by<00:14:15.160> that<00:14:15.600> and<00:14:16.600> just 00:14:16.950 --> 00:14:16.960 align:start position:0% links etc so any end by that and just 00:14:16.960 --> 00:14:18.900 align:start position:0% links etc so any end by that and just saying<00:14:17.200> Keep<00:14:18.040> Calm<00:14:18.310> nothing<00:14:18.670> is<00:14:18.760> under 00:14:18.900 --> 00:14:18.910 align:start position:0% saying Keep Calm nothing is under 00:14:18.910 --> 00:14:24.150 align:start position:0% saying Keep Calm nothing is under control<00:14:19.330> and<00:14:19.860> basically<00:14:20.940> that<00:14:22.140> the<00:14:23.140> I<00:14:23.650> would 00:14:24.150 --> 00:14:24.160 align:start position:0% control and basically that the I would 00:14:24.160 --> 00:14:26.280 align:start position:0% control and basically that the I would say<00:14:24.310> gateway<00:14:24.820> for<00:14:25.210> real<00:14:25.600> governance<00:14:26.080> of<00:14:26.200> the 00:14:26.280 --> 00:14:26.290 align:start position:0% say gateway for real governance of the 00:14:26.290 --> 00:14:29.880 align:start position:0% say gateway for real governance of the central<00:14:26.620> Network<00:14:26.950> thank<00:14:27.760> you