WEBVTT Kind: captions Language: en 00:00:05.070 --> 00:00:14.910 align:start position:0% [Music] 00:00:14.910 --> 00:00:14.920 align:start position:0% 00:00:14.920 --> 00:00:18.349 align:start position:0% [Music] 00:00:18.349 --> 00:00:18.359 align:start position:0% 00:00:18.359 --> 00:00:21.630 align:start position:0% all<00:00:19.000> right<00:00:20.000> well<00:00:20.240> thank<00:00:20.400> you 00:00:21.630 --> 00:00:21.640 align:start position:0% all right well thank you 00:00:21.640 --> 00:00:24.790 align:start position:0% all right well thank you uh<00:00:22.640> everybody<00:00:23.039> is<00:00:23.119> still<00:00:23.320> awake<00:00:23.640> after<00:00:23.840> the 00:00:24.790 --> 00:00:24.800 align:start position:0% uh everybody is still awake after the 00:00:24.800 --> 00:00:28.150 align:start position:0% uh everybody is still awake after the lunch<00:00:25.800> good<00:00:26.039> good<00:00:26.320> good<00:00:26.760> all<00:00:26.920> right<00:00:27.160> stretch 00:00:28.150 --> 00:00:28.160 align:start position:0% lunch good good good all right stretch 00:00:28.160 --> 00:00:30.470 align:start position:0% lunch good good good all right stretch so<00:00:28.599> just<00:00:28.840> by<00:00:29.000> way<00:00:29.160> of<00:00:29.320> background<00:00:30.119> uh<00:00:30.240> I'm<00:00:30.359> on 00:00:30.470 --> 00:00:30.480 align:start position:0% so just by way of background uh I'm on 00:00:30.480 --> 00:00:33.630 align:start position:0% so just by way of background uh I'm on The<00:00:30.640> Advisory<00:00:31.320> board<00:00:31.880> for<00:00:32.239> ethereum<00:00:33.239> I'm<00:00:33.399> also 00:00:33.630 --> 00:00:33.640 align:start position:0% The Advisory board for ethereum I'm also 00:00:33.640 --> 00:00:37.030 align:start position:0% The Advisory board for ethereum I'm also an<00:00:33.840> investor<00:00:34.640> an<00:00:34.800> entrepreneur<00:00:35.640> a<00:00:36.040> blogger 00:00:37.030 --> 00:00:37.040 align:start position:0% an investor an entrepreneur a blogger 00:00:37.040 --> 00:00:39.150 align:start position:0% an investor an entrepreneur a blogger and<00:00:37.160> I<00:00:37.239> spent<00:00:37.480> a<00:00:37.559> lot<00:00:37.719> of<00:00:37.840> my<00:00:38.160> operational 00:00:39.150 --> 00:00:39.160 align:start position:0% and I spent a lot of my operational 00:00:39.160 --> 00:00:41.150 align:start position:0% and I spent a lot of my operational experience<00:00:39.600> in<00:00:39.800> marketing<00:00:40.640> which<00:00:40.800> is<00:00:41.000> why 00:00:41.150 --> 00:00:41.160 align:start position:0% experience in marketing which is why 00:00:41.160 --> 00:00:44.430 align:start position:0% experience in marketing which is why they<00:00:41.320> asked<00:00:41.559> me<00:00:41.680> to<00:00:41.879> talk<00:00:42.840> about<00:00:43.280> the<00:00:43.640> ethereum 00:00:44.430 --> 00:00:44.440 align:start position:0% they asked me to talk about the ethereum 00:00:44.440 --> 00:00:46.590 align:start position:0% they asked me to talk about the ethereum narrative<00:00:45.440> and<00:00:45.559> to<00:00:45.680> do<00:00:45.960> that<00:00:46.239> I<00:00:46.360> thought<00:00:46.520> I 00:00:46.590 --> 00:00:46.600 align:start position:0% narrative and to do that I thought I 00:00:46.600 --> 00:00:48.869 align:start position:0% narrative and to do that I thought I would<00:00:46.800> start<00:00:47.039> with<00:00:47.160> a<00:00:47.280> bit<00:00:47.399> of<00:00:47.680> history<00:00:48.680> since 00:00:48.869 --> 00:00:48.879 align:start position:0% would start with a bit of history since 00:00:48.879 --> 00:00:49.990 align:start position:0% would start with a bit of history since you've<00:00:49.079> heard<00:00:49.360> the<00:00:49.480> history<00:00:49.760> of<00:00:49.879> the 00:00:49.990 --> 00:00:50.000 align:start position:0% you've heard the history of the 00:00:50.000 --> 00:00:51.869 align:start position:0% you've heard the history of the blockchain<00:00:50.559> this<00:00:50.680> morning<00:00:51.480> let's<00:00:51.680> just 00:00:51.869 --> 00:00:51.879 align:start position:0% blockchain this morning let's just 00:00:51.879 --> 00:00:53.950 align:start position:0% blockchain this morning let's just review<00:00:52.199> a<00:00:52.280> little<00:00:52.480> bit<00:00:52.640> the<00:00:52.840> history<00:00:53.160> of 00:00:53.950 --> 00:00:53.960 align:start position:0% review a little bit the history of 00:00:53.960 --> 00:00:58.990 align:start position:0% review a little bit the history of ethereum<00:00:54.960> and<00:00:55.760> uh<00:00:56.760> it<00:00:57.239> started<00:00:57.960> with<00:00:58.359> vitalic 00:00:58.990 --> 00:00:59.000 align:start position:0% ethereum and uh it started with vitalic 00:00:59.000 --> 00:01:00.470 align:start position:0% ethereum and uh it started with vitalic in<00:00:59.320> November 00:01:00.470 --> 00:01:00.480 align:start position:0% in November 00:01:00.480 --> 00:01:04.189 align:start position:0% in November of<00:01:01.079> 2013<00:01:02.079> almost<00:01:02.719> almost<00:01:03.199> a 00:01:04.189 --> 00:01:04.199 align:start position:0% of 2013 almost almost a 00:01:04.199 --> 00:01:06.870 align:start position:0% of 2013 almost almost a week<00:01:05.199> less<00:01:05.479> than<00:01:05.680> two<00:01:05.880> years<00:01:06.119> ago<00:01:06.560> I<00:01:06.640> think<00:01:06.760> it 00:01:06.870 --> 00:01:06.880 align:start position:0% week less than two years ago I think it 00:01:06.880 --> 00:01:09.429 align:start position:0% week less than two years ago I think it was<00:01:07.000> around<00:01:07.240> the<00:01:07.360> 20th<00:01:07.759> of<00:01:08.119> November<00:01:09.119> uh<00:01:09.240> that 00:01:09.429 --> 00:01:09.439 align:start position:0% was around the 20th of November uh that 00:01:09.439 --> 00:01:11.550 align:start position:0% was around the 20th of November uh that balic<00:01:09.840> published<00:01:10.200> a<00:01:10.360> paper<00:01:10.799> very<00:01:11.040> shortly 00:01:11.550 --> 00:01:11.560 align:start position:0% balic published a paper very shortly 00:01:11.560 --> 00:01:14.190 align:start position:0% balic published a paper very shortly after<00:01:12.439> he<00:01:12.560> met<00:01:12.759> up<00:01:12.960> with<00:01:13.159> Gavin<00:01:13.640> who<00:01:14.040> uh 00:01:14.190 --> 00:01:14.200 align:start position:0% after he met up with Gavin who uh 00:01:14.200 --> 00:01:16.590 align:start position:0% after he met up with Gavin who uh published<00:01:14.640> the<00:01:14.759> blue<00:01:15.119> paper<00:01:15.960> and<00:01:16.360> uh<00:01:16.520> there 00:01:16.590 --> 00:01:16.600 align:start position:0% published the blue paper and uh there 00:01:16.600 --> 00:01:18.749 align:start position:0% published the blue paper and uh there was<00:01:16.759> lots<00:01:17.000> of<00:01:17.119> synergy<00:01:17.560> in<00:01:17.680> between<00:01:18.080> both<00:01:18.240> of 00:01:18.749 --> 00:01:18.759 align:start position:0% was lots of synergy in between both of 00:01:18.759 --> 00:01:23.310 align:start position:0% was lots of synergy in between both of them<00:01:19.759> then<00:01:20.119> in<00:01:20.600> January<00:01:21.079> of<00:01:21.799> 2014<00:01:22.799> vitalic 00:01:23.310 --> 00:01:23.320 align:start position:0% them then in January of 2014 vitalic 00:01:23.320 --> 00:01:25.630 align:start position:0% them then in January of 2014 vitalic announced<00:01:23.680> to<00:01:23.840> the<00:01:23.960> world<00:01:24.400> ethereum<00:01:24.960> in 00:01:25.630 --> 00:01:25.640 align:start position:0% announced to the world ethereum in 00:01:25.640 --> 00:01:28.749 align:start position:0% announced to the world ethereum in Miami<00:01:26.640> uh<00:01:26.880> shortly<00:01:27.360> thereafter<00:01:27.920> they<00:01:28.159> started 00:01:28.749 --> 00:01:28.759 align:start position:0% Miami uh shortly thereafter they started 00:01:28.759 --> 00:01:32.149 align:start position:0% Miami uh shortly thereafter they started the<00:01:29.600> uh<00:01:29.960> test<00:01:30.960> uh<00:01:31.200> bed<00:01:31.520> and<00:01:31.640> the<00:01:31.759> proof<00:01:31.960> of 00:01:32.149 --> 00:01:32.159 align:start position:0% the uh test uh bed and the proof of 00:01:32.159 --> 00:01:35.109 align:start position:0% the uh test uh bed and the proof of concept<00:01:33.079> for<00:01:33.320> ethereum<00:01:34.320> and<00:01:34.439> then<00:01:34.600> following 00:01:35.109 --> 00:01:35.119 align:start position:0% concept for ethereum and then following 00:01:35.119 --> 00:01:38.350 align:start position:0% concept for ethereum and then following that<00:01:35.720> the<00:01:36.159> well-known<00:01:36.920> sale<00:01:37.920> that<00:01:38.079> happened 00:01:38.350 --> 00:01:38.360 align:start position:0% that the well-known sale that happened 00:01:38.360 --> 00:01:42.950 align:start position:0% that the well-known sale that happened in<00:01:38.720> July<00:01:39.720> and<00:01:40.119> August<00:01:40.920> of<00:01:41.200> last<00:01:41.640> year<00:01:42.640> and<00:01:42.799> then 00:01:42.950 --> 00:01:42.960 align:start position:0% in July and August of last year and then 00:01:42.960 --> 00:01:46.429 align:start position:0% in July and August of last year and then following<00:01:43.479> that<00:01:44.479> they<00:01:44.640> formed<00:01:45.200> sdev<00:01:46.200> which<00:01:46.320> is 00:01:46.429 --> 00:01:46.439 align:start position:0% following that they formed sdev which is 00:01:46.439 --> 00:01:48.030 align:start position:0% following that they formed sdev which is the<00:01:46.600> group<00:01:46.880> that<00:01:47.079> started<00:01:47.399> to<00:01:47.560> develop<00:01:47.880> the 00:01:48.030 --> 00:01:48.040 align:start position:0% the group that started to develop the 00:01:48.040 --> 00:01:51.270 align:start position:0% the group that started to develop the core<00:01:48.399> technology<00:01:49.159> pieces<00:01:50.159> and<00:01:50.520> almost<00:01:50.840> to<00:01:51.079> the 00:01:51.270 --> 00:01:51.280 align:start position:0% core technology pieces and almost to the 00:01:51.280 --> 00:01:55.190 align:start position:0% core technology pieces and almost to the day<00:01:51.799> a<00:01:51.960> year<00:01:52.159> ago<00:01:52.640> they<00:01:52.799> had<00:01:52.960> the<00:01:53.119> dev<00:01:53.520> zero<00:01:54.520> in 00:01:55.190 --> 00:01:55.200 align:start position:0% day a year ago they had the dev zero in 00:01:55.200 --> 00:01:57.709 align:start position:0% day a year ago they had the dev zero in in<00:01:55.520> Berlin<00:01:56.520> and<00:01:56.640> this<00:01:56.759> is<00:01:56.880> the<00:01:57.079> group<00:01:57.479> of 00:01:57.709 --> 00:01:57.719 align:start position:0% in Berlin and this is the group of 00:01:57.719 --> 00:02:00.510 align:start position:0% in Berlin and this is the group of people<00:01:58.079> that<00:01:58.600> were<00:01:59.079> at<00:01:59.240> the<00:01:59.399> dev<00:01:59.640> zero 00:02:00.510 --> 00:02:00.520 align:start position:0% people that were at the dev zero 00:02:00.520 --> 00:02:02.670 align:start position:0% people that were at the dev zero and<00:02:00.719> this<00:02:00.799> is<00:02:00.960> the<00:02:01.200> core<00:02:01.640> really<00:02:02.159> and<00:02:02.560> the 00:02:02.670 --> 00:02:02.680 align:start position:0% and this is the core really and the 00:02:02.680 --> 00:02:04.550 align:start position:0% and this is the core really and the extension<00:02:03.079> of<00:02:03.200> the<00:02:03.320> core<00:02:03.600> group<00:02:03.880> that<00:02:04.039> has 00:02:04.550 --> 00:02:04.560 align:start position:0% extension of the core group that has 00:02:04.560 --> 00:02:06.230 align:start position:0% extension of the core group that has been<00:02:04.759> very<00:02:04.960> instrumental<00:02:05.479> in<00:02:05.640> developing<00:02:06.119> the 00:02:06.230 --> 00:02:06.240 align:start position:0% been very instrumental in developing the 00:02:06.240 --> 00:02:08.949 align:start position:0% been very instrumental in developing the early<00:02:07.119> technologies<00:02:08.119> that<00:02:08.280> we<00:02:08.399> know<00:02:08.640> about 00:02:08.949 --> 00:02:08.959 align:start position:0% early technologies that we know about 00:02:08.959 --> 00:02:11.430 align:start position:0% early technologies that we know about today<00:02:09.679> and<00:02:09.840> how<00:02:09.959> many<00:02:10.160> of<00:02:10.319> you<00:02:10.599> can<00:02:11.080> see 00:02:11.430 --> 00:02:11.440 align:start position:0% today and how many of you can see 00:02:11.440 --> 00:02:13.150 align:start position:0% today and how many of you can see themselves<00:02:11.680> in<00:02:11.840> this<00:02:12.000> picture<00:02:12.319> here's<00:02:12.480> a<00:02:12.680> big 00:02:13.150 --> 00:02:13.160 align:start position:0% themselves in this picture here's a big 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they are the ones that started ethereum really 00:02:32.830 --> 00:02:32.840 align:start position:0% 00:02:32.840 --> 00:02:35.229 align:start position:0% this<00:02:33.000> brings<00:02:33.319> me<00:02:33.480> to<00:02:33.720> where<00:02:34.040> ethereum<00:02:34.680> is 00:02:35.229 --> 00:02:35.239 align:start position:0% this brings me to where ethereum is 00:02:35.239 --> 00:02:38.589 align:start position:0% this brings me to where ethereum is today<00:02:36.239> and<00:02:36.400> that<00:02:36.519> is<00:02:36.720> part<00:02:36.879> of<00:02:37.000> the<00:02:37.599> narrative 00:02:38.589 --> 00:02:38.599 align:start position:0% today and that is part of the narrative 00:02:38.599 --> 00:02:40.270 align:start position:0% today and that is part of the narrative what<00:02:38.760> makes<00:02:38.959> it<00:02:39.159> really<00:02:39.440> interesting<00:02:39.920> is<00:02:40.080> that 00:02:40.270 --> 00:02:40.280 align:start position:0% what makes it really interesting is that 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position:0% slide if there's one thing you want to remember<00:02:47.319> is<00:02:47.480> what's<00:02:47.720> on<00:02:48.200> on<00:02:48.360> this 00:02:49.270 --> 00:02:49.280 align:start position:0% remember is what's on on this 00:02:49.280 --> 00:02:51.910 align:start position:0% remember is what's on on this slide<00:02:50.280> we<00:02:50.480> all<00:02:50.680> know<00:02:50.879> about<00:02:51.080> the 00:02:51.910 --> 00:02:51.920 align:start position:0% slide we all know about the 00:02:51.920 --> 00:02:54.750 align:start position:0% slide we all know about the foundation<00:02:52.920> that's<00:02:53.599> kind<00:02:53.720> of<00:02:53.920> how<00:02:54.040> it<00:02:54.200> started 00:02:54.750 --> 00:02:54.760 align:start position:0% foundation that's kind of how it started 00:02:54.760 --> 00:02:57.790 align:start position:0% foundation that's kind of how it started and<00:02:55.519> a<00:02:55.640> few<00:02:55.800> months<00:02:56.080> ago<00:02:56.440> a<00:02:56.560> year<00:02:56.720> ago<00:02:56.959> for<00:02:57.159> sure 00:02:57.790 --> 00:02:57.800 align:start position:0% and a few months ago a year ago for sure 00:02:57.800 --> 00:02:59.910 align:start position:0% and a few months ago a year ago for sure everything<00:02:58.239> was<00:02:58.480> part<00:02:58.680> of<00:02:58.840> the<00:02:59.040> foundation 00:02:59.910 --> 00:02:59.920 align:start position:0% everything was part of the foundation 00:02:59.920 --> 00:03:02.149 align:start position:0% everything was part of the foundation the<00:03:00.040> foundation<00:03:00.519> was<00:03:00.680> doing<00:03:01.040> everything<00:03:02.000> and 00:03:02.149 --> 00:03:02.159 align:start position:0% the foundation was doing everything and 00:03:02.159 --> 00:03:04.030 align:start position:0% the foundation was doing everything and then<00:03:02.319> suddenly<00:03:02.959> a<00:03:03.040> lot<00:03:03.200> of<00:03:03.319> things<00:03:03.560> started<00:03:03.840> to 00:03:04.030 --> 00:03:04.040 align:start position:0% then suddenly a lot of things started to 00:03:04.040 --> 00:03:08.030 align:start position:0% then suddenly a lot of things started to come<00:03:04.519> out<00:03:05.519> uh<00:03:05.760> into<00:03:06.000> the<00:03:06.640> ecosystem<00:03:07.640> so<00:03:07.920> the 00:03:08.030 --> 00:03:08.040 align:start position:0% come out uh into the ecosystem so the 00:03:08.040 --> 00:03:11.070 align:start position:0% come out uh into the ecosystem so the second<00:03:08.360> thing<00:03:08.720> that<00:03:09.319> ethereum<00:03:10.040> is<00:03:10.760> when<00:03:10.920> you 00:03:11.070 --> 00:03:11.080 align:start position:0% second thing that ethereum is when you 00:03:11.080 --> 00:03:13.509 align:start position:0% second thing that ethereum is when you think<00:03:11.280> of<00:03:11.599> ethereum<00:03:12.599> the<00:03:12.760> number<00:03:13.000> one<00:03:13.200> being 00:03:13.509 --> 00:03:13.519 align:start position:0% think of ethereum the number one being 00:03:13.519 --> 00:03:16.309 align:start position:0% think of ethereum the number one being the<00:03:13.680> foundation<00:03:14.440> yes<00:03:15.159> number<00:03:15.440> two<00:03:15.799> is<00:03:15.920> the 00:03:16.309 --> 00:03:16.319 align:start position:0% the foundation yes number two is the 00:03:16.319 --> 00:03:20.789 align:start position:0% the foundation yes number two is the network<00:03:17.319> in<00:03:18.159> July<00:03:19.159> the<00:03:19.560> blockchain<00:03:20.120> became 00:03:20.789 --> 00:03:20.799 align:start position:0% network in July the blockchain became 00:03:20.799 --> 00:03:23.430 align:start position:0% network in July the blockchain became live<00:03:21.799> so<00:03:22.040> the<00:03:22.200> second<00:03:22.480> thing<00:03:22.640> that<00:03:22.840> ethereum 00:03:23.430 --> 00:03:23.440 align:start position:0% live so the second thing that ethereum 00:03:23.440 --> 00:03:26.949 align:start position:0% live so the second thing that ethereum is<00:03:24.040> is<00:03:24.239> this<00:03:24.599> live<00:03:25.480> Network<00:03:26.360> hundreds<00:03:26.760> of 00:03:26.949 --> 00:03:26.959 align:start position:0% is is this live Network hundreds of 00:03:26.959 --> 00:03:29.509 align:start position:0% is is this live Network hundreds of nodes<00:03:27.640> eventually<00:03:28.159> thousands<00:03:28.519> of<00:03:28.680> nodes<00:03:29.319> it's 00:03:29.509 --> 00:03:29.519 align:start position:0% nodes eventually thousands of nodes it's 00:03:29.519 --> 00:03:32.589 align:start position:0% nodes eventually thousands of nodes it's out<00:03:29.840> in<00:03:30.000> the<00:03:30.599> wild<00:03:31.599> the<00:03:31.760> third<00:03:32.080> thing<00:03:32.360> that 00:03:32.589 --> 00:03:32.599 align:start position:0% out in the wild the third thing that 00:03:32.599 --> 00:03:36.350 align:start position:0% out in the wild the third thing that ethereum<00:03:33.200> is<00:03:33.879> is<00:03:34.120> a<00:03:34.280> set<00:03:34.480> of<00:03:35.159> Technologies<00:03:36.159> all 00:03:36.350 --> 00:03:36.360 align:start position:0% ethereum is is a set of Technologies all 00:03:36.360 --> 00:03:39.789 align:start position:0% ethereum is is a set of Technologies all of<00:03:36.560> the<00:03:36.879> core<00:03:37.879> extended<00:03:38.879> and<00:03:39.200> third<00:03:39.519> party 00:03:39.789 --> 00:03:39.799 align:start position:0% of the core extended and third party 00:03:39.799 --> 00:03:41.309 align:start position:0% of the core extended and third party technologies<00:03:40.280> that<00:03:40.400> are<00:03:40.560> being<00:03:40.760> developed 00:03:41.309 --> 00:03:41.319 align:start position:0% technologies that are being developed 00:03:41.319 --> 00:03:43.949 align:start position:0% technologies that are being developed are<00:03:41.599> also<00:03:42.239> part<00:03:42.480> of<00:03:42.680> ethereum<00:03:43.439> but<00:03:43.599> they<00:03:43.680> are 00:03:43.949 --> 00:03:43.959 align:start position:0% are also part of ethereum but they are 00:03:43.959 --> 00:03:47.229 align:start position:0% are also part of ethereum but they are distinct<00:03:44.959> from<00:03:45.799> the<00:03:45.920> network<00:03:46.360> per<00:03:46.519> se<00:03:47.080> and 00:03:47.229 --> 00:03:47.239 align:start position:0% distinct from the network per se and 00:03:47.239 --> 00:03:48.589 align:start position:0% distinct from the network per se and some<00:03:47.400> of<00:03:47.519> them<00:03:47.680> are<00:03:47.879> distinct<00:03:48.319> from<00:03:48.480> the 00:03:48.589 --> 00:03:48.599 align:start position:0% some of them are distinct from the 00:03:48.599 --> 00:03:51.149 align:start position:0% some of them are distinct from the foundation<00:03:49.519> and<00:03:49.680> all<00:03:49.840> of<00:03:50.000> these<00:03:50.159> pieces<00:03:50.519> are 00:03:51.149 --> 00:03:51.159 align:start position:0% foundation and all of these pieces are 00:03:51.159 --> 00:03:53.789 align:start position:0% foundation and all of these pieces are growing<00:03:52.200> fourthly<00:03:53.200> what<00:03:53.360> is<00:03:53.480> very 00:03:53.789 --> 00:03:53.799 align:start position:0% growing fourthly what is very 00:03:53.799 --> 00:03:56.149 align:start position:0% growing fourthly what is very interesting<00:03:54.239> is<00:03:54.360> that<00:03:54.560> the<00:03:54.720> ecosystem<00:03:55.640> a<00:03:55.840> very 00:03:56.149 --> 00:03:56.159 align:start position:0% interesting is that the ecosystem a very 00:03:56.159 --> 00:04:00.509 align:start position:0% interesting is that the ecosystem a very vibrant<00:03:57.040> ecosystem<00:03:57.680> is<00:03:57.840> forming<00:03:58.480> around 00:04:00.509 --> 00:04:00.519 align:start position:0% vibrant ecosystem is forming around 00:04:00.519 --> 00:04:03.110 align:start position:0% vibrant ecosystem is forming around the<00:04:00.680> first<00:04:01.000> three<00:04:01.680> parts<00:04:02.480> and<00:04:02.640> if<00:04:02.720> you<00:04:02.840> look<00:04:03.000> at 00:04:03.110 --> 00:04:03.120 align:start position:0% the first three parts and if you look at 00:04:03.120 --> 00:04:06.030 align:start position:0% the first three parts and if you look at the<00:04:03.239> list<00:04:03.439> of<00:04:03.680> sponsors<00:04:04.680> it<00:04:04.799> is<00:04:04.920> a<00:04:05.159> microcosm 00:04:06.030 --> 00:04:06.040 align:start position:0% the list of sponsors it is a microcosm 00:04:06.040 --> 00:04:08.190 align:start position:0% the list of sponsors it is a microcosm of<00:04:06.280> the<00:04:07.000> types 00:04:08.190 --> 00:04:08.200 align:start position:0% of the types 00:04:08.200 --> 00:04:10.750 align:start position:0% of the types of<00:04:09.200> companies<00:04:09.599> and<00:04:09.799> organizations<00:04:10.439> that<00:04:10.599> are 00:04:10.750 --> 00:04:10.760 align:start position:0% of companies and organizations that are 00:04:10.760 --> 00:04:12.550 align:start position:0% of companies and organizations that are part<00:04:10.920> of<00:04:11.040> this<00:04:11.200> ecosystem<00:04:12.120> including 00:04:12.550 --> 00:04:12.560 align:start position:0% part of this ecosystem including 00:04:12.560 --> 00:04:14.069 align:start position:0% part of this ecosystem including companies<00:04:12.920> like<00:04:13.120> consensus<00:04:13.840> that<00:04:13.959> are 00:04:14.069 --> 00:04:14.079 align:start position:0% companies like consensus that are 00:04:14.079 --> 00:04:17.469 align:start position:0% companies like consensus that are building<00:04:14.879> applications<00:04:15.759> and<00:04:16.759> uh<00:04:17.040> offering 00:04:17.469 --> 00:04:17.479 align:start position:0% building applications and uh offering 00:04:17.479 --> 00:04:20.030 align:start position:0% building applications and uh offering services<00:04:18.040> to<00:04:18.359> to<00:04:18.600> companies<00:04:19.560> including 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like ogre and uh VCS that are supporting<00:04:28.600> the<00:04:28.759> ecosystem<00:04:30.199> and<00:04:31.000> that<00:04:31.120> is<00:04:31.280> a 00:04:31.550 --> 00:04:31.560 align:start position:0% supporting the ecosystem and that is a 00:04:31.560 --> 00:04:33.990 align:start position:0% supporting the ecosystem and that is a very<00:04:31.880> important<00:04:32.600> aspect<00:04:33.240> very<00:04:33.479> important 00:04:33.990 --> 00:04:34.000 align:start position:0% very important aspect very important 00:04:34.000 --> 00:04:37.749 align:start position:0% very important aspect very important part<00:04:34.840> of<00:04:35.000> the<00:04:35.160> ethereum<00:04:35.639> story<00:04:36.400> and<00:04:36.759> finally 00:04:37.749 --> 00:04:37.759 align:start position:0% part of the ethereum story and finally 00:04:37.759 --> 00:04:40.629 align:start position:0% part of the ethereum story and finally it's<00:04:37.919> the<00:04:38.120> users<00:04:38.840> it's<00:04:39.039> really<00:04:39.400> about<00:04:39.840> users 00:04:40.629 --> 00:04:40.639 align:start position:0% it's the users it's really about users 00:04:40.639 --> 00:04:42.830 align:start position:0% it's the users it's really about users it's<00:04:40.800> about<00:04:41.199> customers<00:04:42.199> so<00:04:42.360> I'm<00:04:42.479> lumping 00:04:42.830 --> 00:04:42.840 align:start position:0% it's about customers so I'm lumping 00:04:42.840 --> 00:04:45.469 align:start position:0% it's about customers so I'm lumping users<00:04:43.120> and<00:04:43.280> customers<00:04:43.759> together<00:04:44.160> here<00:04:45.160> yes 00:04:45.469 --> 00:04:45.479 align:start position:0% users and customers together here yes 00:04:45.479 --> 00:04:48.390 align:start position:0% users and customers together here yes the<00:04:45.759> developers<00:04:46.199> are<00:04:46.440> users<00:04:47.080> but<00:04:47.280> we<00:04:47.440> want 00:04:48.390 --> 00:04:48.400 align:start position:0% the developers are users but we want 00:04:48.400 --> 00:04:50.469 align:start position:0% the developers are users but we want more<00:04:48.680> end<00:04:48.960> users<00:04:49.840> and<00:04:49.960> we<00:04:50.080> want<00:04:50.280> more 00:04:50.469 --> 00:04:50.479 align:start position:0% more end users and we want more 00:04:50.479 --> 00:04:53.790 align:start position:0% more end users and we want more customers<00:04:51.000> as<00:04:51.160> well<00:04:51.720> so<00:04:51.960> these<00:04:52.280> five<00:04:52.800> pieces 00:04:53.790 --> 00:04:53.800 align:start position:0% customers as well so these five pieces 00:04:53.800 --> 00:04:56.950 align:start position:0% customers as well so these five pieces really<00:04:54.240> are<00:04:54.639> what<00:04:54.919> ethereum<00:04:55.600> is<00:04:55.840> today<00:04:56.759> and 00:04:56.950 --> 00:04:56.960 align:start position:0% really are what ethereum is today and 00:04:56.960 --> 00:04:59.390 align:start position:0% really are what ethereum is today and each<00:04:57.160> one<00:04:57.360> of<00:04:57.520> them<00:04:57.800> is<00:04:58.039> vibrant<00:04:58.840> each<00:04:59.039> one<00:04:59.240> of 00:04:59.390 --> 00:04:59.400 align:start position:0% each one of them is vibrant each one of 00:04:59.400 --> 00:05:03.270 align:start position:0% each one of them is vibrant each one of them<00:04:59.840> is<00:05:00.120> growing<00:05:01.120> and<00:05:01.320> each<00:05:01.520> one<00:05:01.720> of<00:05:01.919> them<00:05:02.759> is 00:05:03.270 --> 00:05:03.280 align:start position:0% them is growing and each one of them is 00:05:03.280 --> 00:05:06.310 align:start position:0% them is growing and each one of them is contributing<00:05:03.880> to<00:05:04.039> the 00:05:06.310 --> 00:05:06.320 align:start position:0% 00:05:06.320 --> 00:05:08.310 align:start position:0% whole<00:05:07.320> so<00:05:07.600> that<00:05:07.759> is<00:05:07.880> what<00:05:08.000> you<00:05:08.080> have<00:05:08.199> to 00:05:08.310 --> 00:05:08.320 align:start position:0% whole so that is what you have to 00:05:08.320 --> 00:05:10.270 align:start position:0% whole so that is what you have to remember<00:05:08.639> the<00:05:08.759> ethereum<00:05:09.240> is<00:05:09.479> no<00:05:09.639> longer<00:05:10.000> just 00:05:10.270 --> 00:05:10.280 align:start position:0% remember the ethereum is no longer just 00:05:10.280 --> 00:05:14.990 align:start position:0% remember the ethereum is no longer just ethereum<00:05:11.240> it's<00:05:11.840> it's<00:05:12.039> a<00:05:12.199> lot<00:05:12.360> more<00:05:12.560> to<00:05:13.240> it<00:05:14.240> and 00:05:14.990 --> 00:05:15.000 align:start position:0% ethereum it's it's a lot more to it and 00:05:15.000 --> 00:05:18.110 align:start position:0% ethereum it's it's a lot more to it and a<00:05:15.520> good<00:05:15.800> Testament<00:05:16.360> to<00:05:16.600> this<00:05:17.560> is<00:05:17.880> what's 00:05:18.110 --> 00:05:18.120 align:start position:0% a good Testament to this is what's 00:05:18.120 --> 00:05:19.270 align:start position:0% a good Testament to this is what's happening<00:05:18.400> in<00:05:18.520> the 00:05:19.270 --> 00:05:19.280 align:start position:0% happening in the 00:05:19.280 --> 00:05:21.430 align:start position:0% happening in the marketplace<00:05:20.280> so<00:05:20.479> we<00:05:20.600> can<00:05:20.759> talk<00:05:20.960> about<00:05:21.240> yeah 00:05:21.430 --> 00:05:21.440 align:start position:0% marketplace so we can talk about yeah 00:05:21.440 --> 00:05:23.189 align:start position:0% marketplace so we can talk about yeah what's<00:05:21.680> we're<00:05:21.880> doing<00:05:22.240> but<00:05:22.400> then<00:05:22.639> really<00:05:23.000> the 00:05:23.189 --> 00:05:23.199 align:start position:0% what's we're doing but then really the 00:05:23.199 --> 00:05:25.790 align:start position:0% what's we're doing but then really the test<00:05:23.880> is<00:05:24.039> what<00:05:24.160> happens<00:05:24.400> in<00:05:24.560> the<00:05:24.800> marketplace 00:05:25.790 --> 00:05:25.800 align:start position:0% test is what happens in the marketplace 00:05:25.800 --> 00:05:27.390 align:start position:0% test is what happens in the marketplace some<00:05:25.960> of<00:05:26.080> you<00:05:26.240> have<00:05:26.360> seen<00:05:26.639> this<00:05:26.800> landscape 00:05:27.390 --> 00:05:27.400 align:start position:0% some of you have seen this landscape 00:05:27.400 --> 00:05:29.950 align:start position:0% some of you have seen this landscape that<00:05:27.520> I've<00:05:27.880> done<00:05:28.199> about<00:05:28.560> three<00:05:28.800> weeks<00:05:29.080> ago<00:05:29.800> and 00:05:29.950 --> 00:05:29.960 align:start position:0% that I've done about three weeks ago and 00:05:29.960 --> 00:05:32.629 align:start position:0% that I've done about three weeks ago and I<00:05:30.160> what<00:05:30.280> I<00:05:30.400> did<00:05:30.600> there<00:05:30.800> I<00:05:31.199> mapped<00:05:32.199> all<00:05:32.319> of<00:05:32.520> the 00:05:32.629 --> 00:05:32.639 align:start position:0% I what I did there I mapped all of the 00:05:32.639 --> 00:05:35.749 align:start position:0% I what I did there I mapped all of the companies<00:05:33.039> that<00:05:33.160> I<00:05:33.280> knew<00:05:34.039> that<00:05:34.199> were<00:05:35.080> involved 00:05:35.749 --> 00:05:35.759 align:start position:0% companies that I knew that were involved 00:05:35.759 --> 00:05:39.710 align:start position:0% companies that I knew that were involved in<00:05:35.919> the<00:05:36.160> blockchain<00:05:37.280> space<00:05:38.280> in<00:05:38.479> the<00:05:38.680> financial 00:05:39.710 --> 00:05:39.720 align:start position:0% in the blockchain space in the financial 00:05:39.720 --> 00:05:42.029 align:start position:0% in the blockchain space in the financial services<00:05:40.720> and<00:05:40.919> there's<00:05:41.319> there's<00:05:41.479> close<00:05:41.720> to 00:05:42.029 --> 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align:start position:0% you know where ethereum is on this chart 00:05:50.800 --> 00:05:52.830 align:start position:0% you know where ethereum is on this chart it<00:05:50.919> is<00:05:51.240> almost 00:05:52.830 --> 00:05:52.840 align:start position:0% it is almost 00:05:52.840 --> 00:05:55.710 align:start position:0% it is almost everywhere<00:05:53.840> directly<00:05:54.280> and<00:05:54.440> indirectly<00:05:55.120> in<00:05:55.560> in 00:05:55.710 --> 00:05:55.720 align:start position:0% everywhere directly and indirectly in in 00:05:55.720 --> 00:05:58.110 align:start position:0% everywhere directly and indirectly in in most<00:05:55.919> of<00:05:56.120> these<00:05:56.400> segments<00:05:57.400> you<00:05:57.560> talk<00:05:57.800> about 00:05:58.110 --> 00:05:58.120 align:start position:0% most of these segments you talk about 00:05:58.120 --> 00:05:59.950 align:start position:0% most of these segments you talk about Capital<00:05:58.479> markets<00:05:58.880> there<00:05:58.960> is<00:05:59.120> clear<00:05:59.360> matter 00:05:59.950 --> 00:05:59.960 align:start position:0% Capital markets there is clear matter 00:05:59.960 --> 00:06:01.830 align:start position:0% Capital markets there is clear matter there<00:06:00.319> you<00:06:00.479> talk<00:06:00.720> about<00:06:00.960> the<00:06:01.120> banks<00:06:01.440> we<00:06:01.600> heard 00:06:01.830 --> 00:06:01.840 align:start position:0% there you talk about the banks we heard 00:06:01.840 --> 00:06:03.990 align:start position:0% there you talk about the banks we heard about<00:06:02.080> the<00:06:02.199> banks<00:06:02.520> implementing<00:06:03.080> ethereum 00:06:03.990 --> 00:06:04.000 align:start position:0% about the banks implementing ethereum 00:06:04.000 --> 00:06:06.589 align:start position:0% about the banks implementing ethereum you<00:06:04.160> talk<00:06:04.400> about<00:06:04.680> trading<00:06:05.160> you<00:06:05.319> talk<00:06:05.560> about<00:06:06.360> uh 00:06:06.589 --> 00:06:06.599 align:start position:0% you talk about trading you talk about uh 00:06:06.599 --> 00:06:09.270 align:start position:0% you talk about trading you talk about uh middleware<00:06:07.599> software<00:06:08.120> development<00:06:09.120> uh 00:06:09.270 --> 00:06:09.280 align:start position:0% middleware software development uh 00:06:09.280 --> 00:06:13.350 align:start position:0% middleware software development uh consensus<00:06:10.240> others<00:06:11.000> have<00:06:11.479> uh<00:06:12.039> forked<00:06:12.840> ethereum 00:06:13.350 --> 00:06:13.360 align:start position:0% consensus others have uh forked ethereum 00:06:13.360 --> 00:06:16.309 align:start position:0% consensus others have uh forked ethereum or<00:06:13.759> using<00:06:14.400> parts<00:06:14.720> of<00:06:14.919> ethereum<00:06:15.759> everybody<00:06:16.160> is 00:06:16.309 --> 00:06:16.319 align:start position:0% or using parts of ethereum everybody is 00:06:16.319 --> 00:06:18.909 align:start position:0% or using parts of ethereum everybody is developing<00:06:16.759> on<00:06:17.039> solidity<00:06:18.039> solidity<00:06:18.560> is<00:06:18.720> going 00:06:18.909 --> 00:06:18.919 align:start position:0% developing on solidity solidity is going 00:06:18.919 --> 00:06:23.870 align:start position:0% developing on solidity solidity is going to<00:06:19.120> become<00:06:19.639> the<00:06:20.199> standard<00:06:21.199> for<00:06:21.479> doing<00:06:22.160> smart 00:06:23.870 --> 00:06:23.880 align:start position:0% to become the standard for doing smart 00:06:23.880 --> 00:06:26.589 align:start position:0% to become the standard for doing smart contracts<00:06:24.880> it's<00:06:25.120> easier<00:06:25.759> than<00:06:25.960> anything<00:06:26.319> else 00:06:26.589 --> 00:06:26.599 align:start position:0% contracts it's easier than anything else 00:06:26.599 --> 00:06:29.749 align:start position:0% contracts it's easier than anything else out<00:06:26.800> there<00:06:26.960> so<00:06:27.120> why<00:06:27.280> not<00:06:27.479> use<00:06:28.000> it<00:06:29.000> so<00:06:29.280> that<00:06:29.400> is<00:06:29.639> a 00:06:29.749 --> 00:06:29.759 align:start position:0% out there so why not use it so that is a 00:06:29.759 --> 00:06:32.430 align:start position:0% out there so why not use it so that is a good<00:06:29.880> Testament<00:06:30.319> to<00:06:30.560> really<00:06:31.560> to<00:06:31.800> ethereum's 00:06:32.430 --> 00:06:32.440 align:start position:0% good Testament to really to ethereum's 00:06:32.440 --> 00:06:36.790 align:start position:0% good Testament to really to ethereum's footprint<00:06:33.080> increasing<00:06:33.599> into<00:06:33.840> the 00:06:36.790 --> 00:06:36.800 align:start position:0% 00:06:36.800 --> 00:06:39.230 align:start position:0% marketplace<00:06:37.800> part<00:06:37.960> of<00:06:38.120> my<00:06:38.319> job<00:06:38.599> when<00:06:38.720> I<00:06:38.880> blog 00:06:39.230 --> 00:06:39.240 align:start position:0% marketplace part of my job when I blog 00:06:39.240 --> 00:06:41.270 align:start position:0% marketplace part of my job when I blog is<00:06:39.400> I<00:06:39.520> try<00:06:39.720> to<00:06:39.960> explain<00:06:40.400> the<00:06:40.560> blockchain<00:06:41.120> to 00:06:41.270 --> 00:06:41.280 align:start position:0% is I try to explain the blockchain to 00:06:41.280 --> 00:06:44.469 align:start position:0% is I try to explain the blockchain to non-technical<00:06:42.440> people<00:06:43.440> and<00:06:43.800> I<00:06:43.919> came<00:06:44.080> up<00:06:44.280> with 00:06:44.469 --> 00:06:44.479 align:start position:0% non-technical people and I came up with 00:06:44.479 --> 00:06:47.950 align:start position:0% non-technical people and I came up with this<00:06:44.800> infographic<00:06:45.560> earlier<00:06:46.000> this<00:06:46.639> week<00:06:47.639> where 00:06:47.950 --> 00:06:47.960 align:start position:0% this infographic earlier this week where 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align:start position:0% targeting this impact I don't have to talk<00:06:56.360> to<00:06:56.479> you<00:06:56.720> about<00:06:57.000> what<00:06:57.120> it<00:06:57.280> is<00:06:57.440> and<00:06:57.639> what<00:06:57.759> it 00:06:57.909 --> 00:06:57.919 align:start position:0% talk to you about what it is and what it 00:06:57.919 --> 00:06:59.909 align:start position:0% talk to you about what it is and what it enables<00:06:58.400> because<00:06:58.680> you're<00:06:59.000> you<00:06:59.160> are<00:06:59.360> the<00:06:59.680> ones 00:06:59.909 --> 00:06:59.919 align:start position:0% enables because you're you are the ones 00:06:59.919 --> 00:07:02.110 align:start position:0% enables because you're you are the ones that<00:07:00.000> are<00:07:00.199> building<00:07:00.720> these<00:07:00.919> things<00:07:01.840> but<00:07:02.000> I 00:07:02.110 --> 00:07:02.120 align:start position:0% that are building these things but I 00:07:02.120 --> 00:07:04.629 align:start position:0% that are building these things but I would<00:07:02.280> say<00:07:02.479> to<00:07:02.680> you<00:07:03.039> if<00:07:03.160> you<00:07:03.319> are<00:07:03.759> mostly<00:07:04.400> a 00:07:04.629 --> 00:07:04.639 align:start position:0% would say to you if you are mostly a 00:07:04.639 --> 00:07:07.510 align:start position:0% would say to you if you are mostly a technical<00:07:05.120> and<00:07:05.319> developer<00:07:06.319> kind<00:07:06.440> of<00:07:06.720> oriented 00:07:07.510 --> 00:07:07.520 align:start position:0% technical and developer kind of oriented 00:07:07.520 --> 00:07:09.749 align:start position:0% technical and developer kind of oriented audience<00:07:08.520> I<00:07:08.599> would<00:07:08.800> say<00:07:09.039> start<00:07:09.400> from<00:07:09.599> the 00:07:09.749 --> 00:07:09.759 align:start position:0% audience I would say start from the 00:07:09.759 --> 00:07:12.309 align:start position:0% audience I would say start from the bottom<00:07:10.520> up<00:07:11.319> when<00:07:11.440> I<00:07:11.560> talk<00:07:11.720> to<00:07:11.879> the<00:07:12.000> business 00:07:12.309 --> 00:07:12.319 align:start position:0% bottom up when I talk to the business 00:07:12.319 --> 00:07:14.110 align:start position:0% bottom up when I talk to the business people<00:07:12.639> I<00:07:12.759> try<00:07:12.960> to<00:07:13.080> make<00:07:13.240> them<00:07:13.680> understand<00:07:13.919> the 00:07:14.110 --> 00:07:14.120 align:start position:0% people I try to make them understand the 00:07:14.120 --> 00:07:16.469 align:start position:0% people I try to make them understand the top<00:07:14.800> and<00:07:14.919> then<00:07:15.080> let<00:07:15.280> them<00:07:15.639> go<00:07:15.879> down<00:07:16.120> to<00:07:16.280> the 00:07:16.469 --> 00:07:16.479 align:start position:0% top and then let them go down to the 00:07:16.479 --> 00:07:20.189 align:start position:0% top and then let them go down to the impact<00:07:17.319> but<00:07:17.919> if<00:07:18.039> you<00:07:18.240> are<00:07:19.240> offering<00:07:19.759> solutions 00:07:20.189 --> 00:07:20.199 align:start position:0% impact but if you are offering solutions 00:07:20.199 --> 00:07:22.510 align:start position:0% impact but if you are offering solutions to<00:07:20.360> the<00:07:20.800> marketplace<00:07:21.800> think<00:07:22.080> about<00:07:22.360> the 00:07:22.510 --> 00:07:22.520 align:start position:0% to the marketplace think about the 00:07:22.520 --> 00:07:26.070 align:start position:0% to the marketplace think about the bottom<00:07:23.160> and<00:07:23.280> then<00:07:23.560> turn<00:07:24.560> counterclockwise<00:07:25.560> up 00:07:26.070 --> 00:07:26.080 align:start position:0% bottom and then turn counterclockwise up 00:07:26.080 --> 00:07:29.189 align:start position:0% bottom and then turn counterclockwise up meaning<00:07:27.080> decide<00:07:27.560> about<00:07:28.120> what<00:07:28.520> Ser<00:07:28.919> what 00:07:29.189 --> 00:07:29.199 align:start position:0% meaning decide about what Ser what 00:07:29.199 --> 00:07:31.230 align:start position:0% meaning decide about what Ser what industry<00:07:29.520> indes<00:07:29.759> you're<00:07:29.879> going<00:07:29.960> to<00:07:30.080> go<00:07:30.280> after 00:07:31.230 --> 00:07:31.240 align:start position:0% industry indes you're going to go after 00:07:31.240 --> 00:07:32.790 align:start position:0% industry indes you're going to go after and<00:07:31.400> the<00:07:31.560> most<00:07:31.800> important<00:07:32.280> thing<00:07:32.520> here<00:07:32.680> is 00:07:32.790 --> 00:07:32.800 align:start position:0% and the most important thing here is 00:07:32.800 --> 00:07:35.550 align:start position:0% and the most important thing here is that<00:07:33.039> the<00:07:33.199> the<00:07:33.360> promise<00:07:33.879> of<00:07:34.120> the<00:07:34.560> blockchain 00:07:35.550 --> 00:07:35.560 align:start position:0% that the the promise of the blockchain 00:07:35.560 --> 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projects<00:07:44.560> are<00:07:44.680> going<00:07:44.759> to<00:07:44.879> take<00:07:45.000> a<00:07:45.120> little<00:07:45.240> bit 00:07:45.990 --> 00:07:46.000 align:start position:0% projects are going to take a little bit 00:07:46.000 --> 00:07:48.469 align:start position:0% projects are going to take a little bit longer<00:07:47.000> and<00:07:47.280> it<00:07:47.400> is<00:07:47.560> really<00:07:47.840> about<00:07:48.080> changing 00:07:48.469 --> 00:07:48.479 align:start position:0% longer and it is really about changing 00:07:48.479 --> 00:07:50.390 align:start position:0% longer and it is really about changing the<00:07:48.680> process<00:07:49.360> inside<00:07:49.759> big<00:07:49.960> companies 00:07:50.390 --> 00:07:50.400 align:start position:0% the process inside big companies 00:07:50.400 --> 00:07:52.149 align:start position:0% the process inside big companies especially<00:07:51.120> if<00:07:51.280> the<00:07:51.400> blockchain<00:07:51.800> is<00:07:51.919> going 00:07:52.149 --> 00:07:52.159 align:start position:0% especially if the blockchain is going 00:07:52.159 --> 00:07:53.350 align:start position:0% especially if the blockchain is going into<00:07:52.360> bigger 00:07:53.350 --> 00:07:53.360 align:start position:0% into bigger 00:07:53.360 --> 00:07:56.189 align:start position:0% into bigger companies<00:07:54.360> and<00:07:54.560> that<00:07:54.720> could<00:07:54.879> be<00:07:55.080> one<00:07:55.280> way<00:07:55.840> or 00:07:56.189 --> 00:07:56.199 align:start position:0% companies and that could be one way or 00:07:56.199 --> 00:07:57.309 align:start position:0% companies and that could be one way or sometimes<00:07:56.400> they<00:07:56.560> want<00:07:56.639> to<00:07:56.800> do<00:07:56.960> something 00:07:57.309 --> 00:07:57.319 align:start position:0% sometimes they want to do something 00:07:57.319 --> 00:07:59.510 align:start position:0% sometimes they want to do something different<00:07:58.199> so<00:07:58.400> that<00:07:58.520> they<00:07:58.639> don't<00:07:58.840> disturb<00:07:59.159> the 00:07:59.510 --> 00:07:59.520 align:start position:0% different so that they don't disturb the 00:07:59.520 --> 00:08:04.149 align:start position:0% different so that they don't disturb the old<00:08:00.840> processes<00:08:01.840> it's<00:08:02.039> really<00:08:02.800> about<00:08:03.800> new 00:08:04.149 --> 00:08:04.159 align:start position:0% old processes it's really about new 00:08:04.159 --> 00:08:06.510 align:start position:0% old processes it's really about new value<00:08:04.720> it's<00:08:04.840> a<00:08:05.080> value 00:08:06.510 --> 00:08:06.520 align:start position:0% value it's a value 00:08:06.520 --> 00:08:08.350 align:start position:0% value it's a value exchange<00:08:07.520> system<00:08:07.879> that<00:08:08.000> is<00:08:08.120> what<00:08:08.240> the 00:08:08.350 --> 00:08:08.360 align:start position:0% exchange system that is what the 00:08:08.360 --> 00:08:11.670 align:start position:0% exchange system that is what the blockchain<00:08:08.800> is<00:08:08.960> in<00:08:09.080> other<00:08:09.440> terms<00:08:10.440> it<00:08:10.560> is<00:08:10.759> about 00:08:11.670 --> 00:08:11.680 align:start position:0% blockchain is in other terms it is about 00:08:11.680 --> 00:08:13.830 align:start position:0% blockchain is in other terms it is about putting<00:08:12.039> any<00:08:12.319> digital<00:08:12.840> asset<00:08:13.479> on<00:08:13.680> the 00:08:13.830 --> 00:08:13.840 align:start position:0% putting any digital asset on the 00:08:13.840 --> 00:08:16.230 align:start position:0% putting any digital asset on the blockchain<00:08:14.319> once<00:08:14.479> you<00:08:14.639> put<00:08:14.759> it<00:08:15.000> there<00:08:15.680> boom<00:08:16.120> it 00:08:16.230 --> 00:08:16.240 align:start position:0% blockchain once you put it there boom it 00:08:16.240 --> 00:08:19.710 align:start position:0% blockchain once you put it there boom it can<00:08:16.400> move<00:08:16.840> freely<00:08:17.400> it<00:08:17.520> can<00:08:17.680> be<00:08:17.840> owned<00:08:18.680> reowned 00:08:19.710 --> 00:08:19.720 align:start position:0% can move freely it can be owned reowned 00:08:19.720 --> 00:08:23.950 align:start position:0% can move freely it can be owned reowned traded<00:08:20.720> sold<00:08:21.479> settled<00:08:22.479> in<00:08:22.720> seconds<00:08:23.599> not<00:08:23.759> in 00:08:23.950 --> 00:08:23.960 align:start position:0% traded sold settled in seconds not in 00:08:23.960 --> 00:08:26.270 align:start position:0% traded sold settled in seconds not in three<00:08:24.240> days<00:08:25.199> which<00:08:25.319> is<00:08:25.440> a<00:08:25.599> very<00:08:25.759> vexing 00:08:26.270 --> 00:08:26.280 align:start position:0% three days which is a very vexing 00:08:26.280 --> 00:08:31.390 align:start position:0% three days which is a very vexing problem<00:08:26.680> that<00:08:26.840> the<00:08:26.960> banks<00:08:27.319> have<00:08:27.560> today 00:08:31.390 --> 00:08:31.400 align:start position:0% 00:08:31.400 --> 00:08:33.630 align:start position:0% how<00:08:31.560> many<00:08:31.759> of<00:08:31.919> you<00:08:32.159> have<00:08:32.599> heard<00:08:33.039> of<00:08:33.320> the 00:08:33.630 --> 00:08:33.640 align:start position:0% how many of you have heard of the 00:08:33.640 --> 00:08:36.589 align:start position:0% how many of you have heard of the Carlotta<00:08:34.200> Perez<00:08:35.080> technological<00:08:35.719> search 00:08:36.589 --> 00:08:36.599 align:start position:0% Carlotta Perez technological search 00:08:36.599 --> 00:08:40.670 align:start position:0% Carlotta Perez technological search cycle<00:08:37.599> which<00:08:37.760> is<00:08:38.039> used<00:08:38.839> to<00:08:39.519> illustrate<00:08:40.519> what 00:08:40.670 --> 00:08:40.680 align:start position:0% cycle which is used to illustrate what 00:08:40.680 --> 00:08:43.110 align:start position:0% cycle which is used to illustrate what happens<00:08:41.039> usually<00:08:41.360> when<00:08:41.599> new<00:08:42.120> technology 00:08:43.110 --> 00:08:43.120 align:start position:0% happens usually when new technology 00:08:43.120 --> 00:08:45.710 align:start position:0% happens usually when new technology comes<00:08:43.440> into<00:08:43.760> play<00:08:44.560> and<00:08:44.720> how<00:08:44.839> it<00:08:45.000> gets<00:08:45.200> adopted 00:08:45.710 --> 00:08:45.720 align:start position:0% comes into play and how it gets adopted 00:08:45.720 --> 00:08:47.949 align:start position:0% comes into play and how it gets adopted and<00:08:45.839> basically<00:08:46.240> what<00:08:46.360> she<00:08:46.519> did<00:08:46.800> is<00:08:46.920> she<00:08:47.760> she 00:08:47.949 --> 00:08:47.959 align:start position:0% and basically what she did is she she 00:08:47.959 --> 00:08:50.710 align:start position:0% and basically what she did is she she linked<00:08:48.959> the<00:08:49.120> fin<00:08:49.560> the<00:08:49.800> Capital<00:08:50.240> financial 00:08:50.710 --> 00:08:50.720 align:start position:0% linked the fin the Capital financial 00:08:50.720 --> 00:08:53.790 align:start position:0% linked the fin the Capital financial markets<00:08:51.160> to<00:08:51.760> the<00:08:51.959> technology<00:08:52.640> markets<00:08:53.640> and 00:08:53.790 --> 00:08:53.800 align:start position:0% markets to the technology markets and 00:08:53.800 --> 00:08:55.630 align:start position:0% markets to the technology markets and what<00:08:53.920> she<00:08:54.040> found<00:08:54.279> out<00:08:54.480> she<00:08:54.640> analyzed<00:08:55.160> the<00:08:55.279> last 00:08:55.630 --> 00:08:55.640 align:start position:0% what she found out she analyzed the last 00:08:55.640 --> 00:08:58.230 align:start position:0% what she found out she analyzed the last 100<00:08:55.920> years<00:08:56.360> of<00:08:56.519> these<00:08:56.760> technology 00:08:58.230 --> 00:08:58.240 align:start position:0% 100 years of these technology 00:08:58.240 --> 00:09:00.230 align:start position:0% 100 years of these technology revolutions<00:08:59.240> and<00:08:59.440> and<00:08:59.519> she<00:08:59.640> found<00:08:59.920> there<00:09:00.040> were 00:09:00.230 --> 00:09:00.240 align:start position:0% revolutions and and she found there were 00:09:00.240 --> 00:09:02.470 align:start position:0% revolutions and and she found there were two 00:09:02.470 --> 00:09:02.480 align:start position:0% two 00:09:02.480 --> 00:09:05.630 align:start position:0% two major<00:09:03.480> sides<00:09:04.399> of<00:09:04.560> this<00:09:04.760> Evolution<00:09:05.279> one<00:09:05.480> was 00:09:05.630 --> 00:09:05.640 align:start position:0% major sides of this Evolution one was 00:09:05.640 --> 00:09:08.509 align:start position:0% major sides of this Evolution one was the<00:09:06.040> installation<00:09:07.040> phase<00:09:07.959> and<00:09:08.079> then<00:09:08.279> the 00:09:08.509 --> 00:09:08.519 align:start position:0% the installation phase and then the 00:09:08.519 --> 00:09:11.150 align:start position:0% the installation phase and then the deployment<00:09:09.160> phase<00:09:09.680> the<00:09:09.880> prosperity<00:09:10.480> phase 00:09:11.150 --> 00:09:11.160 align:start position:0% deployment phase the prosperity phase 00:09:11.160 --> 00:09:13.829 align:start position:0% deployment phase the prosperity phase and<00:09:11.320> in<00:09:11.519> between<00:09:12.519> there<00:09:12.640> is<00:09:12.839> this<00:09:13.000> little<00:09:13.399> Gap 00:09:13.829 --> 00:09:13.839 align:start position:0% and in between there is this little Gap 00:09:13.839 --> 00:09:16.829 align:start position:0% and in between there is this little Gap where<00:09:14.000> there's<00:09:14.240> a<00:09:14.320> bit<00:09:14.480> of<00:09:14.560> a<00:09:14.839> crash<00:09:15.839> sometimes 00:09:16.829 --> 00:09:16.839 align:start position:0% where there's a bit of a crash sometimes 00:09:16.839 --> 00:09:18.990 align:start position:0% where there's a bit of a crash sometimes and<00:09:17.120> where<00:09:17.839> there's<00:09:18.040> a 00:09:18.990 --> 00:09:19.000 align:start position:0% and where there's a 00:09:19.000 --> 00:09:21.269 align:start position:0% and where there's a reset<00:09:20.000> things<00:09:20.279> go<00:09:20.480> down<00:09:20.640> a<00:09:20.720> little<00:09:20.920> bit<00:09:21.160> and 00:09:21.269 --> 00:09:21.279 align:start position:0% reset things go down a little bit and 00:09:21.279 --> 00:09:24.910 align:start position:0% reset things go down a little bit and then<00:09:21.760> it<00:09:22.760> moves<00:09:23.079> up<00:09:23.320> again<00:09:24.240> so<00:09:24.440> a<00:09:24.600> recent 00:09:24.910 --> 00:09:24.920 align:start position:0% then it moves up again so a recent 00:09:24.920 --> 00:09:26.110 align:start position:0% then it moves up again so a recent analogy<00:09:25.320> is<00:09:25.480> what<00:09:25.600> happened<00:09:25.880> with<00:09:26.000> the 00:09:26.110 --> 00:09:26.120 align:start position:0% analogy is what happened with the 00:09:26.120 --> 00:09:28.350 align:start position:0% analogy is what happened with the internet<00:09:26.480> in<00:09:26.600> the<00:09:26.720> year<00:09:26.959> 2000<00:09:27.959> there<00:09:28.120> was<00:09:28.240> a 00:09:28.350 --> 00:09:28.360 align:start position:0% internet in the year 2000 there was a 00:09:28.360 --> 00:09:33.870 align:start position:0% internet in the year 2000 there was a bit<00:09:28.480> of<00:09:28.800> euphoria<00:09:29.680> 95<00:09:30.680> to<00:09:31.320> 2000<00:09:32.680> crash<00:09:33.680> and 00:09:33.870 --> 00:09:33.880 align:start position:0% bit of euphoria 95 to 2000 crash and 00:09:33.880 --> 00:09:36.150 align:start position:0% bit of euphoria 95 to 2000 crash and then<00:09:34.200> everything<00:09:34.560> started<00:09:34.880> to<00:09:35.040> happen<00:09:35.360> again 00:09:36.150 --> 00:09:36.160 align:start position:0% then everything started to happen again 00:09:36.160 --> 00:09:38.310 align:start position:0% then everything started to happen again and<00:09:36.320> then<00:09:36.480> we<00:09:36.600> are<00:09:36.800> still<00:09:37.040> living<00:09:37.600> in<00:09:37.880> in<00:09:38.120> Good 00:09:38.310 --> 00:09:38.320 align:start position:0% and then we are still living in in Good 00:09:38.320 --> 00:09:40.310 align:start position:0% and then we are still living in in Good Times<00:09:38.640> in<00:09:38.760> terms<00:09:38.959> of<00:09:39.079> the 00:09:40.310 --> 00:09:40.320 align:start position:0% Times in terms of the 00:09:40.320 --> 00:09:42.949 align:start position:0% Times in terms of the internet<00:09:41.320> uh<00:09:41.480> I'm<00:09:41.640> not<00:09:41.839> predicting<00:09:42.279> a<00:09:42.519> crash 00:09:42.949 --> 00:09:42.959 align:start position:0% internet uh I'm not predicting a crash 00:09:42.959 --> 00:09:45.670 align:start position:0% internet uh I'm not predicting a crash in<00:09:43.120> the<00:09:43.279> blockchain<00:09:44.200> space<00:09:45.200> I<00:09:45.399> think 00:09:45.670 --> 00:09:45.680 align:start position:0% in the blockchain space I think 00:09:45.680 --> 00:09:47.790 align:start position:0% in the blockchain space I think ethereum's<00:09:46.320> evolution<00:09:47.079> is<00:09:47.240> going<00:09:47.399> to<00:09:47.560> be 00:09:47.790 --> 00:09:47.800 align:start position:0% ethereum's evolution is going to be 00:09:47.800 --> 00:09:50.230 align:start position:0% ethereum's evolution is going to be quite<00:09:48.079> different<00:09:49.079> and<00:09:49.240> this<00:09:49.360> is<00:09:49.640> my<00:09:49.920> own 00:09:50.230 --> 00:09:50.240 align:start position:0% quite different and this is my own 00:09:50.240 --> 00:09:53.069 align:start position:0% quite different and this is my own rendition<00:09:51.160> this<00:09:51.279> is<00:09:51.440> me<00:09:51.800> predicting<00:09:52.800> what's 00:09:53.069 --> 00:09:53.079 align:start position:0% rendition this is me predicting what's 00:09:53.079 --> 00:09:55.350 align:start position:0% rendition this is me predicting what's going<00:09:53.240> to<00:09:53.480> happen<00:09:54.279> with<00:09:54.519> ethereum<00:09:55.000> in<00:09:55.120> terms 00:09:55.350 --> 00:09:55.360 align:start position:0% going to happen with ethereum in terms 00:09:55.360 --> 00:09:57.949 align:start position:0% going to happen with ethereum in terms of<00:09:55.839> adoption<00:09:56.839> and<00:09:57.160> if<00:09:57.279> you<00:09:57.399> think<00:09:57.600> about<00:09:57.800> it 00:09:57.949 --> 00:09:57.959 align:start position:0% of adoption and if you think about it 00:09:57.959 --> 00:10:00.030 align:start position:0% of adoption and if you think about it today<00:09:58.399> in<00:09:58.560> the<00:09:58.680> last<00:09:58.920> two<00:09:59.079> years<00:09:59.560> it<00:09:59.720> has<00:09:59.839> been 00:10:00.030 --> 00:10:00.040 align:start position:0% today in the last two years it has been 00:10:00.040 --> 00:10:03.030 align:start position:0% today in the last two years it has been more<00:10:00.240> or<00:10:00.480> less<00:10:01.399> about<00:10:01.640> selling<00:10:02.000> the 00:10:03.030 --> 00:10:03.040 align:start position:0% more or less about selling the 00:10:03.040 --> 00:10:06.230 align:start position:0% more or less about selling the vision<00:10:04.040> and<00:10:04.160> we<00:10:04.279> are<00:10:04.560> now<00:10:05.279> starting<00:10:05.760> the<00:10:05.959> build 00:10:06.230 --> 00:10:06.240 align:start position:0% vision and we are now starting the build 00:10:06.240 --> 00:10:07.509 align:start position:0% vision and we are now starting the build out 00:10:07.509 --> 00:10:07.519 align:start position:0% out 00:10:07.519 --> 00:10:11.150 align:start position:0% out stage<00:10:08.519> we<00:10:08.640> are<00:10:08.800> building<00:10:09.160> out<00:10:09.839> tools 00:10:11.150 --> 00:10:11.160 align:start position:0% stage we are building out tools 00:10:11.160 --> 00:10:13.910 align:start position:0% stage we are building out tools companies<00:10:12.160> Frameworks<00:10:12.800> and<00:10:12.920> so 00:10:13.910 --> 00:10:13.920 align:start position:0% companies Frameworks and so 00:10:13.920 --> 00:10:16.350 align:start position:0% companies Frameworks and so on<00:10:14.920> as<00:10:15.079> we<00:10:15.360> go<00:10:15.480> forward<00:10:15.839> there's<00:10:16.000> going<00:10:16.079> to<00:10:16.200> be 00:10:16.350 --> 00:10:16.360 align:start position:0% on as we go forward there's going to be 00:10:16.360 --> 00:10:18.470 align:start position:0% on as we go forward there's going to be more<00:10:16.959> installations<00:10:17.959> there's<00:10:18.160> going<00:10:18.240> to<00:10:18.360> be 00:10:18.470 --> 00:10:18.480 align:start position:0% more installations there's going to be 00:10:18.480 --> 00:10:19.310 align:start position:0% more installations there's going to be more 00:10:19.310 --> 00:10:19.320 align:start position:0% more 00:10:19.320 --> 00:10:21.350 align:start position:0% more deployment<00:10:20.320> it's<00:10:20.440> going<00:10:20.560> to<00:10:20.800> accelerate 00:10:21.350 --> 00:10:21.360 align:start position:0% deployment it's going to accelerate 00:10:21.360 --> 00:10:23.829 align:start position:0% deployment it's going to accelerate suddenly<00:10:21.959> when<00:10:22.120> there's<00:10:22.360> Network<00:10:22.839> effects 00:10:23.829 --> 00:10:23.839 align:start position:0% suddenly when there's Network effects 00:10:23.839 --> 00:10:26.670 align:start position:0% suddenly when there's Network effects when<00:10:24.040> we<00:10:24.160> have<00:10:24.320> 10,000<00:10:25.320> developers<00:10:26.320> when<00:10:26.480> we 00:10:26.670 --> 00:10:26.680 align:start position:0% when we have 10,000 developers when we 00:10:26.680 --> 00:10:29.590 align:start position:0% when we have 10,000 developers when we have<00:10:26.959> hundreds<00:10:27.360> of<00:10:27.760> daps<00:10:28.760> when<00:10:28.959> we<00:10:29.120> have<00:10:29.360> have 00:10:29.590 --> 00:10:29.600 align:start position:0% have hundreds of daps when we have have 00:10:29.600 --> 00:10:32.630 align:start position:0% have hundreds of daps when we have have hundreds<00:10:29.959> of<00:10:30.200> customers<00:10:31.200> all<00:10:31.360> of<00:10:31.640> this<00:10:32.440> is 00:10:32.630 --> 00:10:32.640 align:start position:0% hundreds of customers all of this is 00:10:32.640 --> 00:10:34.629 align:start position:0% hundreds of customers all of this is going<00:10:32.800> to<00:10:32.920> be<00:10:33.040> a<00:10:33.160> rolling<00:10:33.440> ball 00:10:34.629 --> 00:10:34.639 align:start position:0% going to be a rolling ball 00:10:34.639 --> 00:10:37.269 align:start position:0% going to be a rolling ball effect<00:10:35.639> and<00:10:35.800> then<00:10:35.959> the<00:10:36.120> vision<00:10:36.440> realization 00:10:37.269 --> 00:10:37.279 align:start position:0% effect and then the vision realization 00:10:37.279 --> 00:10:40.389 align:start position:0% effect and then the vision realization the<00:10:37.440> vision<00:10:37.760> of<00:10:38.360> decentralized<00:10:39.399> governance 00:10:40.389 --> 00:10:40.399 align:start position:0% the vision of decentralized governance 00:10:40.399 --> 00:10:43.430 align:start position:0% the vision of decentralized governance of<00:10:40.839> decentralized<00:10:42.279> marketplaces<00:10:43.279> of 00:10:43.430 --> 00:10:43.440 align:start position:0% of decentralized marketplaces of 00:10:43.440 --> 00:10:46.389 align:start position:0% of decentralized marketplaces of decentralized<00:10:44.440> applications<00:10:45.440> disrupting 00:10:46.389 --> 00:10:46.399 align:start position:0% decentralized applications disrupting 00:10:46.399 --> 00:10:47.470 align:start position:0% decentralized applications disrupting not<00:10:46.600> just 00:10:47.470 --> 00:10:47.480 align:start position:0% not just 00:10:47.480 --> 00:10:50.629 align:start position:0% not just replacing<00:10:48.480> it's<00:10:48.760> easier<00:10:49.160> to<00:10:49.480> replace<00:10:50.480> it's 00:10:50.629 --> 00:10:50.639 align:start position:0% replacing it's easier to replace it's 00:10:50.639 --> 00:10:53.629 align:start position:0% replacing it's easier to replace it's more<00:10:51.040> difficult<00:10:51.200> to<00:10:52.040> to<00:10:52.240> disrupt<00:10:53.000> and<00:10:53.279> totally 00:10:53.629 --> 00:10:53.639 align:start position:0% more difficult to to disrupt and totally 00:10:53.639 --> 00:10:56.150 align:start position:0% more difficult to to disrupt and totally change<00:10:54.560> the<00:10:54.720> old<00:10:55.040> systems<00:10:55.839> and<00:10:55.920> we're<00:10:56.079> going 00:10:56.150 --> 00:10:56.160 align:start position:0% change the old systems and we're going 00:10:56.160 --> 00:10:58.350 align:start position:0% change the old systems and we're going to<00:10:56.279> see<00:10:56.440> the<00:10:56.560> whole<00:10:56.760> variety<00:10:57.360> of 00:10:58.350 --> 00:10:58.360 align:start position:0% to see the whole variety of 00:10:58.360 --> 00:11:00.269 align:start position:0% to see the whole variety of implementations 00:11:00.269 --> 00:11:00.279 align:start position:0% implementations 00:11:00.279 --> 00:11:02.310 align:start position:0% implementations so<00:11:00.480> this<00:11:00.600> is<00:11:00.720> what<00:11:00.880> I<00:11:01.000> see<00:11:01.360> in<00:11:01.560> the<00:11:01.839> evolution 00:11:02.310 --> 00:11:02.320 align:start position:0% so this is what I see in the evolution 00:11:02.320 --> 00:11:03.230 align:start position:0% so this is what I see in the evolution of 00:11:03.230 --> 00:11:03.240 align:start position:0% of 00:11:03.240 --> 00:11:05.350 align:start position:0% of ethereum<00:11:04.240> but<00:11:04.399> to<00:11:04.560> do 00:11:05.350 --> 00:11:05.360 align:start position:0% ethereum but to do 00:11:05.360 --> 00:11:07.949 align:start position:0% ethereum but to do that<00:11:06.360> there's<00:11:06.680> five<00:11:06.920> things<00:11:07.519> I<00:11:07.639> think<00:11:07.839> that 00:11:07.949 --> 00:11:07.959 align:start position:0% that there's five things I think that 00:11:07.959 --> 00:11:10.990 align:start position:0% that there's five things I think that the<00:11:08.079> ecosystem<00:11:08.639> has<00:11:08.800> to<00:11:08.959> do<00:11:09.959> which<00:11:10.079> is<00:11:10.279> part<00:11:10.519> of 00:11:10.990 --> 00:11:11.000 align:start position:0% the ecosystem has to do which is part of 00:11:11.000 --> 00:11:13.910 align:start position:0% the ecosystem has to do which is part of the<00:11:12.000> narrative<00:11:13.000> we<00:11:13.120> have<00:11:13.240> to<00:11:13.399> continue<00:11:13.720> to 00:11:13.910 --> 00:11:13.920 align:start position:0% the narrative we have to continue to 00:11:13.920 --> 00:11:18.430 align:start position:0% the narrative we have to continue to build<00:11:14.279> daps<00:11:15.040> apps<00:11:15.760> smart<00:11:16.279> contracts<00:11:17.279> Services 00:11:18.430 --> 00:11:18.440 align:start position:0% build daps apps smart contracts Services 00:11:18.440 --> 00:11:21.069 align:start position:0% build daps apps smart contracts Services applications<00:11:19.440> uh<00:11:19.760> languages<00:11:20.320> Frameworks<00:11:20.959> all 00:11:21.069 --> 00:11:21.079 align:start position:0% applications uh languages Frameworks all 00:11:21.079 --> 00:11:24.190 align:start position:0% applications uh languages Frameworks all of<00:11:21.279> that<00:11:21.959> we're<00:11:22.120> still<00:11:22.320> at<00:11:22.480> the<00:11:23.040> beginning<00:11:24.040> we 00:11:24.190 --> 00:11:24.200 align:start position:0% of that we're still at the beginning we 00:11:24.200 --> 00:11:26.829 align:start position:0% of that we're still at the beginning we need<00:11:24.519> to<00:11:24.680> make<00:11:24.839> it<00:11:25.000> more<00:11:25.360> Rich<00:11:26.360> so<00:11:26.560> that<00:11:26.720> the 00:11:26.829 --> 00:11:26.839 align:start position:0% need to make it more Rich so that the 00:11:26.839 --> 00:11:29.829 align:start position:0% need to make it more Rich so that the ethereum<00:11:27.399> ecosystem<00:11:28.000> stays<00:11:28.360> very<00:11:28.720> strong<00:11:29.720> we 00:11:29.829 --> 00:11:29.839 align:start position:0% ethereum ecosystem stays very strong we 00:11:29.839 --> 00:11:31.470 align:start position:0% ethereum ecosystem stays very strong we need<00:11:30.000> to<00:11:30.120> continue<00:11:30.440> winning<00:11:30.800> customers<00:11:31.240> and 00:11:31.470 --> 00:11:31.480 align:start position:0% need to continue winning customers and 00:11:31.480 --> 00:11:34.629 align:start position:0% need to continue winning customers and users<00:11:32.480> and<00:11:32.760> you<00:11:32.959> all<00:11:33.160> have<00:11:33.360> a<00:11:33.959> uh<00:11:34.160> a<00:11:34.320> part<00:11:34.480> to 00:11:34.629 --> 00:11:34.639 align:start position:0% users and you all have a uh a part to 00:11:34.639 --> 00:11:37.269 align:start position:0% users and you all have a uh a part to play<00:11:34.839> with<00:11:35.000> it<00:11:35.560> we<00:11:35.720> need<00:11:36.000> more<00:11:36.519> startups<00:11:37.040> not 00:11:37.269 --> 00:11:37.279 align:start position:0% play with it we need more startups not 00:11:37.279 --> 00:11:39.110 align:start position:0% play with it we need more startups not just<00:11:37.440> in<00:11:37.560> the<00:11:37.639> businesses<00:11:37.920> to<00:11:38.079> business<00:11:38.480> space 00:11:39.110 --> 00:11:39.120 align:start position:0% just in the businesses to business space 00:11:39.120 --> 00:11:40.750 align:start position:0% just in the businesses to business space but<00:11:39.279> also<00:11:39.519> in<00:11:39.600> the<00:11:39.720> businesses<00:11:40.040> to<00:11:40.240> Consumer 00:11:40.750 --> 00:11:40.760 align:start position:0% but also in the businesses to Consumer 00:11:40.760 --> 00:11:44.430 align:start position:0% but also in the businesses to Consumer space<00:11:41.600> so<00:11:41.800> that<00:11:42.000> we<00:11:42.120> can<00:11:42.360> hit<00:11:43.000> and<00:11:43.240> affect<00:11:43.639> more 00:11:44.430 --> 00:11:44.440 align:start position:0% space so that we can hit and affect more 00:11:44.440 --> 00:11:46.269 align:start position:0% space so that we can hit and affect more consumers<00:11:45.440> and<00:11:45.560> we<00:11:45.680> have<00:11:45.800> to<00:11:45.959> think 00:11:46.269 --> 00:11:46.279 align:start position:0% consumers and we have to think 00:11:46.279 --> 00:11:48.230 align:start position:0% consumers and we have to think continuously<00:11:47.240> not<00:11:47.480> just<00:11:47.680> about<00:11:47.920> being 00:11:48.230 --> 00:11:48.240 align:start position:0% continuously not just about being 00:11:48.240 --> 00:11:49.590 align:start position:0% continuously not just about being different<00:11:48.600> because<00:11:48.839> we<00:11:48.959> are<00:11:49.240> different 00:11:49.590 --> 00:11:49.600 align:start position:0% different because we are different 00:11:49.600 --> 00:11:51.829 align:start position:0% different because we are different ethereum<00:11:50.079> is<00:11:50.320> different<00:11:51.320> what's<00:11:51.560> also 00:11:51.829 --> 00:11:51.839 align:start position:0% ethereum is different what's also 00:11:51.839 --> 00:11:54.030 align:start position:0% ethereum is different what's also important<00:11:52.360> is<00:11:52.480> to<00:11:53.000> understand<00:11:53.160> how<00:11:53.360> we<00:11:53.480> are 00:11:54.030 --> 00:11:54.040 align:start position:0% important is to understand how we are 00:11:54.040 --> 00:11:56.750 align:start position:0% important is to understand how we are differentiated<00:11:55.040> not<00:11:55.240> just<00:11:55.440> being<00:11:55.760> different 00:11:56.750 --> 00:11:56.760 align:start position:0% differentiated not just being different 00:11:56.760 --> 00:11:58.750 align:start position:0% differentiated not just being different we<00:11:56.920> win<00:11:57.200> by<00:11:57.440> being<00:11:57.800> different<00:11:58.320> in<00:11:58.440> the<00:11:58.560> way 00:11:58.750 --> 00:11:58.760 align:start position:0% we win by being different in the way 00:11:58.760 --> 00:12:00.030 align:start position:0% we win by being different in the way that<00:11:58.839> we<00:11:59.160> understand<00:11:59.399> understand<00:11:59.560> how<00:11:59.680> we<00:11:59.800> are 00:12:00.030 --> 00:12:00.040 align:start position:0% that we understand understand how we are 00:12:00.040 --> 00:12:02.870 align:start position:0% that we understand understand how we are differentiated<00:12:01.040> from<00:12:01.240> the<00:12:01.440> other<00:12:02.399> potential 00:12:02.870 --> 00:12:02.880 align:start position:0% differentiated from the other potential 00:12:02.880 --> 00:12:05.190 align:start position:0% differentiated from the other potential Solutions<00:12:03.399> out<00:12:03.680> there<00:12:04.440> and<00:12:04.560> not<00:12:04.720> about<00:12:04.920> saying 00:12:05.190 --> 00:12:05.200 align:start position:0% Solutions out there and not about saying 00:12:05.200 --> 00:12:07.870 align:start position:0% Solutions out there and not about saying anything<00:12:05.560> bad<00:12:05.839> about<00:12:06.160> them<00:12:06.680> but<00:12:06.839> more<00:12:07.040> about 00:12:07.870 --> 00:12:07.880 align:start position:0% anything bad about them but more about 00:12:07.880 --> 00:12:10.910 align:start position:0% anything bad about them but more about emphasizing<00:12:08.880> the<00:12:09.399> differentiation<00:12:10.399> factors 00:12:10.910 --> 00:12:10.920 align:start position:0% emphasizing the differentiation factors 00:12:10.920 --> 00:12:13.990 align:start position:0% emphasizing the differentiation factors that<00:12:11.160> ethereum<00:12:12.160> brings<00:12:12.519> to<00:12:12.680> the<00:12:12.800> four<00:12:13.760> and 00:12:13.990 --> 00:12:14.000 align:start position:0% that ethereum brings to the four and 00:12:14.000 --> 00:12:16.069 align:start position:0% that ethereum brings to the four and finally<00:12:14.600> it's<00:12:14.720> a<00:12:14.839> bit<00:12:14.959> of<00:12:15.040> a<00:12:15.199> weakness<00:12:15.720> right 00:12:16.069 --> 00:12:16.079 align:start position:0% finally it's a bit of a weakness right 00:12:16.079 --> 00:12:18.310 align:start position:0% finally it's a bit of a weakness right now<00:12:17.079> do<00:12:17.320> more 00:12:18.310 --> 00:12:18.320 align:start position:0% now do more 00:12:18.320 --> 00:12:20.829 align:start position:0% now do more marketing<00:12:19.320> I<00:12:19.440> know<00:12:19.600> a<00:12:19.720> bit<00:12:19.880> of<00:12:20.040> that<00:12:20.320> because<00:12:20.720> I 00:12:20.829 --> 00:12:20.839 align:start position:0% marketing I know a bit of that because I 00:12:20.839 --> 00:12:22.910 align:start position:0% marketing I know a bit of that because I spent<00:12:21.079> a<00:12:21.160> lot<00:12:21.320> of<00:12:21.399> my<00:12:21.560> life<00:12:21.760> in<00:12:21.920> marketing<00:12:22.720> but 00:12:22.910 --> 00:12:22.920 align:start position:0% spent a lot of my life in marketing but 00:12:22.920 --> 00:12:26.189 align:start position:0% spent a lot of my life in marketing but also<00:12:23.399> the<00:12:23.519> first<00:12:23.720> 14<00:12:24.199> years<00:12:25.120> I<00:12:25.240> worked<00:12:25.480> for<00:12:25.639> H 00:12:26.189 --> 00:12:26.199 align:start position:0% also the first 14 years I worked for H 00:12:26.199 --> 00:12:29.550 align:start position:0% also the first 14 years I worked for H Packard<00:12:27.199> at<00:12:27.320> the<00:12:27.560> time<00:12:27.839> where<00:12:28.079> HP<00:12:28.639> had<00:12:28.880> very 00:12:29.550 --> 00:12:29.560 align:start position:0% Packard at the time where HP had very 00:12:29.560 --> 00:12:32.910 align:start position:0% Packard at the time where HP had very strong<00:12:30.399> technology<00:12:31.399> and<00:12:32.040> they<00:12:32.160> were<00:12:32.360> known 00:12:32.910 --> 00:12:32.920 align:start position:0% strong technology and they were known 00:12:32.920 --> 00:12:34.990 align:start position:0% strong technology and they were known for<00:12:33.160> having<00:12:33.480> quality<00:12:33.920> products<00:12:34.480> this<00:12:34.600> is<00:12:34.800> like 00:12:34.990 --> 00:12:35.000 align:start position:0% for having quality products this is like 00:12:35.000 --> 00:12:38.389 align:start position:0% for having quality products this is like the<00:12:35.199> in<00:12:35.360> the<00:12:35.839> mid<00:12:36.040> 80s<00:12:36.440> to<00:12:36.600> the<00:12:36.720> early<00:12:37.240> 9s<00:12:38.240> but 00:12:38.389 --> 00:12:38.399 align:start position:0% the in the mid 80s to the early 9s but 00:12:38.399 --> 00:12:40.189 align:start position:0% the in the mid 80s to the early 9s but they<00:12:38.560> did<00:12:38.720> not<00:12:38.880> do<00:12:39.079> very<00:12:39.279> good<00:12:39.480> marketing<00:12:40.079> the 00:12:40.189 --> 00:12:40.199 align:start position:0% they did not do very good marketing the 00:12:40.199 --> 00:12:44.870 align:start position:0% they did not do very good marketing the joke<00:12:40.519> was<00:12:40.800> that<00:12:41.600> if<00:12:41.760> HP<00:12:42.279> were<00:12:42.519> to<00:12:43.320> sell<00:12:43.880> Sushi 00:12:44.870 --> 00:12:44.880 align:start position:0% joke was that if HP were to sell Sushi 00:12:44.880 --> 00:12:48.430 align:start position:0% joke was that if HP were to sell Sushi they<00:12:45.040> would<00:12:45.279> call<00:12:45.440> it<00:12:45.680> dead<00:12:46.000> cold 00:12:48.430 --> 00:12:48.440 align:start position:0% 00:12:48.440 --> 00:12:51.389 align:start position:0% fish<00:12:49.440> and<00:12:50.240> some<00:12:50.440> of<00:12:50.600> the<00:12:50.760> same<00:12:50.959> thing<00:12:51.160> is 00:12:51.389 --> 00:12:51.399 align:start position:0% fish and some of the same thing is 00:12:51.399 --> 00:12:53.470 align:start position:0% fish and some of the same thing is happening<00:12:52.000> it's<00:12:52.279> okay<00:12:52.519> because<00:12:52.720> it<00:12:52.839> is<00:12:52.959> driven 00:12:53.470 --> 00:12:53.480 align:start position:0% happening it's okay because it is driven 00:12:53.480 --> 00:12:56.110 align:start position:0% happening it's okay because it is driven what<00:12:53.600> in<00:12:53.720> the<00:12:54.519> ethereum<00:12:55.519> the<00:12:55.639> whole<00:12:55.839> thing<00:12:56.000> is 00:12:56.110 --> 00:12:56.120 align:start position:0% what in the ethereum the whole thing is 00:12:56.120 --> 00:12:59.189 align:start position:0% what in the ethereum the whole thing is being<00:12:56.360> driven<00:12:56.760> by<00:12:57.199> Developers<00:12:58.120> technologists 00:12:59.189 --> 00:12:59.199 align:start position:0% being driven by Developers technologists 00:12:59.199 --> 00:13:00.629 align:start position:0% being driven by Developers technologists and<00:12:59.279> they<00:12:59.440> like<00:12:59.560> to<00:12:59.720> describe<00:13:00.079> things<00:13:00.279> by<00:13:00.480> what 00:13:00.629 --> 00:13:00.639 align:start position:0% and they like to describe things by what 00:13:00.639 --> 00:13:02.350 align:start position:0% and they like to describe things by what they<00:13:00.800> are<00:13:01.480> but<00:13:01.639> let's<00:13:01.880> put<00:13:02.000> a<00:13:02.120> bit<00:13:02.240> of 00:13:02.350 --> 00:13:02.360 align:start position:0% they are but let's put a bit of 00:13:02.360 --> 00:13:04.509 align:start position:0% they are but let's put a bit of marketing<00:13:02.800> Pizzaz<00:13:03.279> into<00:13:03.519> the<00:13:03.920> not<00:13:04.079> to<00:13:04.279> just 00:13:04.509 --> 00:13:04.519 align:start position:0% marketing Pizzaz into the not to just 00:13:04.519 --> 00:13:06.670 align:start position:0% marketing Pizzaz into the not to just hype<00:13:04.760> it<00:13:04.920> but<00:13:05.079> just<00:13:05.199> to<00:13:05.440> explain<00:13:05.839> it<00:13:06.040> better 00:13:06.670 --> 00:13:06.680 align:start position:0% hype it but just to explain it better 00:13:06.680 --> 00:13:08.030 align:start position:0% hype it but just to explain it better what<00:13:06.839> marketing 00:13:08.030 --> 00:13:08.040 align:start position:0% what marketing 00:13:08.040 --> 00:13:12.189 align:start position:0% what marketing does<00:13:09.040> is<00:13:09.320> it<00:13:09.519> brings<00:13:10.240> Clarity<00:13:11.240> into<00:13:11.480> the 00:13:12.189 --> 00:13:12.199 align:start position:0% does is it brings Clarity into the 00:13:12.199 --> 00:13:15.629 align:start position:0% does is it brings Clarity into the market<00:13:13.199> it<00:13:13.360> brings<00:13:13.639> a<00:13:13.920> Clarity<00:13:14.320> of<00:13:14.639> messaging 00:13:15.629 --> 00:13:15.639 align:start position:0% market it brings a Clarity of messaging 00:13:15.639 --> 00:13:17.590 align:start position:0% market it brings a Clarity of messaging and<00:13:15.800> if<00:13:15.959> somebody<00:13:16.720> understands<00:13:17.199> something 00:13:17.590 --> 00:13:17.600 align:start position:0% and if somebody understands something 00:13:17.600 --> 00:13:19.470 align:start position:0% and if somebody understands something then<00:13:17.760> they<00:13:17.880> will<00:13:18.079> do<00:13:18.279> something<00:13:18.639> about<00:13:18.839> it<00:13:19.320> but 00:13:19.470 --> 00:13:19.480 align:start position:0% then they will do something about it but 00:13:19.480 --> 00:13:21.350 align:start position:0% then they will do something about it but if<00:13:19.600> somebody<00:13:20.000> does<00:13:20.240> not<00:13:20.839> understand<00:13:21.000> it<00:13:21.240> they 00:13:21.350 --> 00:13:21.360 align:start position:0% if somebody does not understand it they 00:13:21.360 --> 00:13:23.310 align:start position:0% if somebody does not understand it they will<00:13:21.519> not<00:13:21.680> do<00:13:21.839> anything<00:13:22.120> about<00:13:22.320> it<00:13:22.839> so<00:13:23.079> I<00:13:23.160> would 00:13:23.310 --> 00:13:23.320 align:start position:0% will not do anything about it so I would 00:13:23.320 --> 00:13:25.670 align:start position:0% will not do anything about it so I would urge<00:13:23.760> everybody<00:13:24.240> involved<00:13:24.720> in<00:13:24.839> the<00:13:25.000> ethereum 00:13:25.670 --> 00:13:25.680 align:start position:0% urge everybody involved in the ethereum 00:13:25.680 --> 00:13:28.670 align:start position:0% urge everybody involved in the ethereum ecosystem<00:13:26.680> to<00:13:26.959> rethink<00:13:27.519> how<00:13:27.920> they<00:13:28.079> are 00:13:28.670 --> 00:13:28.680 align:start position:0% ecosystem to rethink how they are 00:13:28.680 --> 00:13:30.550 align:start position:0% ecosystem to rethink how they are talking<00:13:29.240> about<00:13:29.440> what<00:13:29.519> they<00:13:29.639> are<00:13:29.800> doing<00:13:30.360> not 00:13:30.550 --> 00:13:30.560 align:start position:0% talking about what they are doing not 00:13:30.560 --> 00:13:33.110 align:start position:0% talking about what they are doing not just<00:13:30.760> in<00:13:30.959> the<00:13:31.399> technology<00:13:31.920> terms<00:13:32.279> but<00:13:32.480> also<00:13:32.839> in 00:13:33.110 --> 00:13:33.120 align:start position:0% just in the technology terms but also in 00:13:33.120 --> 00:13:35.829 align:start position:0% just in the technology terms but also in the<00:13:34.120> messaging<00:13:34.639> terms<00:13:34.880> of<00:13:35.040> the<00:13:35.199> benefits<00:13:35.720> and 00:13:35.829 --> 00:13:35.839 align:start position:0% the messaging terms of the benefits and 00:13:35.839 --> 00:13:38.470 align:start position:0% the messaging terms of the benefits and what<00:13:35.959> it<00:13:36.120> does<00:13:36.399> to<00:13:36.560> the 00:13:38.470 --> 00:13:38.480 align:start position:0% what it does to the 00:13:38.480 --> 00:13:41.790 align:start position:0% what it does to the marketplace<00:13:39.680> so<00:13:40.680> the<00:13:40.800> point<00:13:41.040> of<00:13:41.160> my<00:13:41.360> talk<00:13:41.600> was 00:13:41.790 --> 00:13:41.800 align:start position:0% marketplace so the point of my talk was 00:13:41.800 --> 00:13:44.389 align:start position:0% marketplace so the point of my talk was about<00:13:42.000> the<00:13:42.160> narrative<00:13:43.079> and<00:13:44.000> what<00:13:44.120> is<00:13:44.240> the 00:13:44.389 --> 00:13:44.399 align:start position:0% about the narrative and what is the 00:13:44.399 --> 00:13:46.509 align:start position:0% about the narrative and what is the difference<00:13:44.680> between<00:13:44.920> a<00:13:45.079> narrative<00:13:45.399> and<00:13:45.560> a 00:13:46.509 --> 00:13:46.519 align:start position:0% difference between a narrative and a 00:13:46.519 --> 00:13:50.590 align:start position:0% difference between a narrative and a story<00:13:47.519> a<00:13:47.760> story<00:13:48.199> has<00:13:48.800> a<00:13:48.959> beginning<00:13:49.279> and<00:13:49.480> an<00:13:49.680> end 00:13:50.590 --> 00:13:50.600 align:start position:0% story a story has a beginning and an end 00:13:50.600 --> 00:13:53.790 align:start position:0% story a story has a beginning and an end typically<00:13:51.519> when<00:13:52.519> uh<00:13:52.639> we<00:13:52.759> hear<00:13:53.079> about<00:13:53.279> it<00:13:53.600> and 00:13:53.790 --> 00:13:53.800 align:start position:0% typically when uh we hear about it and 00:13:53.800 --> 00:13:56.550 align:start position:0% typically when uh we hear about it and but<00:13:54.000> once<00:13:54.160> in<00:13:54.279> a<00:13:54.600> while<00:13:55.600> there's<00:13:55.839> a<00:13:56.040> technology 00:13:56.550 --> 00:13:56.560 align:start position:0% but once in a while there's a technology 00:13:56.560 --> 00:13:57.470 align:start position:0% but once in a while there's a technology that<00:13:56.720> comes 00:13:57.470 --> 00:13:57.480 align:start position:0% that comes 00:13:57.480 --> 00:14:00.590 align:start position:0% that comes along<00:13:58.480> and<00:13:58.600> the<00:13:58.720> story<00:13:59.160> is<00:13:59.279> so<00:13:59.519> powerful<00:14:00.440> that 00:14:00.590 --> 00:14:00.600 align:start position:0% along and the story is so powerful that 00:14:00.600 --> 00:14:03.389 align:start position:0% along and the story is so powerful that it<00:14:00.839> captures<00:14:01.279> the<00:14:01.720> imagination<00:14:02.720> it<00:14:02.920> captures 00:14:03.389 --> 00:14:03.399 align:start position:0% it captures the imagination it captures 00:14:03.399 --> 00:14:06.230 align:start position:0% it captures the imagination it captures our<00:14:04.000> imagination<00:14:05.000> and<00:14:05.160> what<00:14:05.360> happens<00:14:05.720> when<00:14:06.040> a 00:14:06.230 --> 00:14:06.240 align:start position:0% our imagination and what happens when a 00:14:06.240 --> 00:14:07.949 align:start position:0% our imagination and what happens when a story<00:14:06.560> captures<00:14:06.920> the<00:14:07.120> imagination<00:14:07.759> of 00:14:07.949 --> 00:14:07.959 align:start position:0% story captures the imagination of 00:14:07.959 --> 00:14:10.910 align:start position:0% story captures the imagination of everybody<00:14:08.360> who<00:14:08.800> listens<00:14:09.199> to<00:14:09.360> the<00:14:09.720> story<00:14:10.720> then 00:14:10.910 --> 00:14:10.920 align:start position:0% everybody who listens to the story then 00:14:10.920 --> 00:14:12.629 align:start position:0% everybody who listens to the story then they<00:14:11.079> start<00:14:11.320> to<00:14:11.519> take<00:14:11.759> that<00:14:11.959> story<00:14:12.279> and<00:14:12.480> make 00:14:12.629 --> 00:14:12.639 align:start position:0% they start to take that story and make 00:14:12.639 --> 00:14:15.269 align:start position:0% they start to take that story and make it<00:14:12.800> their<00:14:13.279> own<00:14:14.279> and<00:14:14.440> that<00:14:14.560> is<00:14:14.720> really<00:14:14.959> the 00:14:15.269 --> 00:14:15.279 align:start position:0% it their own and that is really the 00:14:15.279 --> 00:14:17.949 align:start position:0% it their own and that is really the power<00:14:15.600> of<00:14:15.759> the<00:14:16.240> narrative<00:14:17.240> the<00:14:17.399> internet<00:14:17.839> has 00:14:17.949 --> 00:14:17.959 align:start position:0% power of the narrative the internet has 00:14:17.959 --> 00:14:19.550 align:start position:0% power of the narrative the internet has a<00:14:18.120> very<00:14:18.480> strong<00:14:18.680> narrative<00:14:19.120> because<00:14:19.320> if<00:14:19.399> I 00:14:19.550 --> 00:14:19.560 align:start position:0% a very strong narrative because if I 00:14:19.560 --> 00:14:22.110 align:start position:0% a very strong narrative because if I asked<00:14:19.800> each<00:14:19.959> and<00:14:20.320> every<00:14:20.480> one<00:14:20.639> of<00:14:20.880> you<00:14:21.880> what<00:14:22.040> do 00:14:22.110 --> 00:14:22.120 align:start position:0% asked each and every one of you what do 00:14:22.120 --> 00:14:23.790 align:start position:0% asked each and every one of you what do you<00:14:22.560> what<00:14:22.680> do<00:14:22.759> you<00:14:22.839> do<00:14:23.000> with<00:14:23.160> the<00:14:23.240> internet<00:14:23.639> and 00:14:23.790 --> 00:14:23.800 align:start position:0% you what do you do with the internet and 00:14:23.800 --> 00:14:25.430 align:start position:0% you what do you do with the internet and what<00:14:23.920> is<00:14:24.040> the<00:14:24.199> internet<00:14:24.560> for<00:14:24.759> you<00:14:25.040> I<00:14:25.120> will<00:14:25.279> get 00:14:25.430 --> 00:14:25.440 align:start position:0% what is the internet for you I will get 00:14:25.440 --> 00:14:27.749 align:start position:0% what is the internet for you I will get a<00:14:25.600> different<00:14:26.079> answer<00:14:26.920> because<00:14:27.199> each<00:14:27.399> one<00:14:27.560> of 00:14:27.749 --> 00:14:27.759 align:start position:0% a different answer because each one of 00:14:27.759 --> 00:14:31.509 align:start position:0% a different answer because each one of us<00:14:28.560> has<00:14:28.839> their<00:14:29.199> own<00:14:29.519> way<00:14:30.519> of<00:14:30.920> using<00:14:31.279> the 00:14:31.509 --> 00:14:31.519 align:start position:0% us has their own way of using the 00:14:31.519 --> 00:14:33.790 align:start position:0% us has their own way of using the internet<00:14:32.519> I<00:14:32.600> think<00:14:32.839> the<00:14:33.000> same<00:14:33.279> thing<00:14:33.480> is<00:14:33.639> going 00:14:33.790 --> 00:14:33.800 align:start position:0% internet I think the same thing is going 00:14:33.800 --> 00:14:36.710 align:start position:0% internet I think the same thing is going to<00:14:34.000> happen<00:14:34.279> with<00:14:34.920> ethereum<00:14:35.920> it<00:14:36.120> has<00:14:36.279> such<00:14:36.440> a 00:14:36.710 --> 00:14:36.720 align:start position:0% to happen with ethereum it has such a 00:14:36.720 --> 00:14:38.910 align:start position:0% to happen with ethereum it has such a strong<00:14:36.959> narrative<00:14:37.680> and<00:14:37.880> each<00:14:38.079> one<00:14:38.279> of<00:14:38.440> us<00:14:38.720> each 00:14:38.910 --> 00:14:38.920 align:start position:0% strong narrative and each one of us each 00:14:38.920 --> 00:14:40.790 align:start position:0% strong narrative and each one of us each one<00:14:39.560> of<00:14:39.720> us<00:14:39.880> that<00:14:40.000> is<00:14:40.160> involved<00:14:40.519> in<00:14:40.639> the 00:14:40.790 --> 00:14:40.800 align:start position:0% one of us that is involved in the 00:14:40.800 --> 00:14:43.350 align:start position:0% one of us that is involved in the ethereum<00:14:41.360> ecosystem<00:14:42.000> has<00:14:42.160> their<00:14:42.360> own 00:14:43.350 --> 00:14:43.360 align:start position:0% ethereum ecosystem has their own 00:14:43.360 --> 00:14:47.069 align:start position:0% ethereum ecosystem has their own story<00:14:44.360> so<00:14:45.160> my<00:14:45.440> hope<00:14:45.880> and<00:14:46.079> my<00:14:46.320> challenge<00:14:46.680> to<00:14:46.839> you 00:14:47.069 --> 00:14:47.079 align:start position:0% story so my hope and my challenge to you 00:14:47.079 --> 00:14:51.310 align:start position:0% story so my hope and my challenge to you is<00:14:47.759> take<00:14:48.360> ethereum<00:14:49.360> and<00:14:49.560> make<00:14:49.720> it<00:14:49.920> your<00:14:50.079> own 00:14:51.310 --> 00:14:51.320 align:start position:0% is take ethereum and make it your own 00:14:51.320 --> 00:14:54.389 align:start position:0% is take ethereum and make it your own story<00:14:52.320> because<00:14:52.639> the<00:14:52.800> best<00:14:53.199> is<00:14:53.360> yet<00:14:53.480> to 00:14:54.389 --> 00:14:54.399 align:start position:0% story because the best is yet to 00:14:54.399 --> 00:15:03.310 align:start position:0% story because the best is yet to come<00:14:55.399> thank<00:14:55.560> you<00:14:55.720> very<00:14:55.920> much 00:15:03.310 --> 00:15:03.320 align:start position:0% 00:15:03.320 --> 00:15:06.509 align:start position:0% question<00:15:04.320> yeah<00:15:05.079> okay<00:15:05.199> so<00:15:05.440> we<00:15:05.600> we<00:15:05.720> have<00:15:06.040> uh<00:15:06.320> one 00:15:06.509 --> 00:15:06.519 align:start position:0% question yeah okay so we we have uh one 00:15:06.519 --> 00:15:08.350 align:start position:0% question yeah okay so we we have uh one or<00:15:06.639> two<00:15:06.839> questions<00:15:07.360> if<00:15:07.720> yep<00:15:07.920> anyone<00:15:08.120> wants<00:15:08.279> to 00:15:08.350 --> 00:15:08.360 align:start position:0% or two questions if yep anyone wants to 00:15:08.360 --> 00:15:12.310 align:start position:0% or two questions if yep anyone wants to ask<00:15:08.480> a<00:15:09.000> question<00:15:10.000> maybe<00:15:10.320> about<00:15:11.040> how<00:15:12.040> you<00:15:12.160> could 00:15:12.310 --> 00:15:12.320 align:start position:0% ask a question maybe about how you could 00:15:12.320 --> 00:15:14.509 align:start position:0% ask a question maybe about how you could help<00:15:12.519> communicate<00:15:12.920> the 00:15:14.509 --> 00:15:14.519 align:start position:0% help communicate the 00:15:14.519 --> 00:15:16.629 align:start position:0% help communicate the narrative<00:15:15.519> you<00:15:15.639> believe<00:15:15.959> everything<00:15:16.240> I<00:15:16.360> said 00:15:16.629 --> 00:15:16.639 align:start position:0% narrative you believe everything I said 00:15:16.639 --> 00:15:18.030 align:start position:0% narrative you believe everything I said then 00:15:18.030 --> 00:15:18.040 align:start position:0% then 00:15:18.040 --> 00:15:21.350 align:start position:0% then right<00:15:19.040> yes<00:15:19.320> there's 00:15:21.350 --> 00:15:21.360 align:start position:0% right yes there's 00:15:21.360 --> 00:15:25.470 align:start position:0% right yes there's one<00:15:22.360> okay<00:15:22.600> just<00:15:22.759> to<00:15:23.399> provoke<00:15:23.880> you<00:15:24.639> um<00:15:25.040> so<00:15:25.240> maybe 00:15:25.470 --> 00:15:25.480 align:start position:0% one okay just to provoke you um so maybe 00:15:25.480 --> 00:15:28.350 align:start position:0% one okay just to provoke you um so maybe it's<00:15:25.680> just<00:15:25.959> irrelevant<00:15:26.880> to<00:15:27.720> uh<00:15:27.880> Market 00:15:28.350 --> 00:15:28.360 align:start position:0% it's just irrelevant to uh Market 00:15:28.360 --> 00:15:30.230 align:start position:0% it's just irrelevant to uh Market ethereum<00:15:28.759> to<00:15:29.120> General<00:15:29.399> audience<00:15:29.839> because<00:15:30.120> the 00:15:30.230 --> 00:15:30.240 align:start position:0% ethereum to General audience because the 00:15:30.240 --> 00:15:32.069 align:start position:0% ethereum to General audience because the only<00:15:30.519> people<00:15:30.800> who<00:15:30.959> are<00:15:31.440> concerned<00:15:31.880> are 00:15:32.069 --> 00:15:32.079 align:start position:0% only people who are concerned are 00:15:32.079 --> 00:15:34.150 align:start position:0% only people who are concerned are developers<00:15:32.959> and<00:15:33.079> it's<00:15:33.279> the<00:15:33.440> developers<00:15:34.000> who 00:15:34.150 --> 00:15:34.160 align:start position:0% developers and it's the developers who 00:15:34.160 --> 00:15:37.829 align:start position:0% developers and it's the developers who need<00:15:34.839> to<00:15:35.839> develop<00:15:36.639> the<00:15:36.959> killer<00:15:37.319> apps<00:15:37.680> that 00:15:37.829 --> 00:15:37.839 align:start position:0% need to develop the killer apps that 00:15:37.839 --> 00:15:41.189 align:start position:0% need to develop the killer apps that will<00:15:38.800> uh<00:15:38.959> appeal<00:15:39.240> to<00:15:39.519> wider<00:15:39.800> audience<00:15:40.759> so<00:15:41.079> why 00:15:41.189 --> 00:15:41.199 align:start position:0% will uh appeal to wider audience so why 00:15:41.199 --> 00:15:43.790 align:start position:0% will uh appeal to wider audience so why would<00:15:41.360> we<00:15:41.519> care<00:15:41.759> about<00:15:42.319> marketing<00:15:42.759> of 00:15:43.790 --> 00:15:43.800 align:start position:0% would we care about marketing of 00:15:43.800 --> 00:15:45.949 align:start position:0% would we care about marketing of ethereum<00:15:44.800> it's<00:15:44.880> a<00:15:45.040> good<00:15:45.199> question<00:15:45.440> I<00:15:45.560> think 00:15:45.949 --> 00:15:45.959 align:start position:0% ethereum it's a good question I think 00:15:45.959 --> 00:15:47.949 align:start position:0% ethereum it's a good question I think both<00:15:46.360> things<00:15:46.600> have<00:15:46.759> to<00:15:46.920> happen<00:15:47.279> as<00:15:47.440> we<00:15:47.600> said<00:15:47.839> a 00:15:47.949 --> 00:15:47.959 align:start position:0% both things have to happen as we said a 00:15:47.959 --> 00:15:49.829 align:start position:0% both things have to happen as we said a little<00:15:48.120> bit<00:15:48.240> in<00:15:48.360> the<00:15:48.480> panel<00:15:48.800> previously<00:15:49.759> there 00:15:49.829 --> 00:15:49.839 align:start position:0% little bit in the panel previously there 00:15:49.839 --> 00:15:52.470 align:start position:0% little bit in the panel previously there is<00:15:50.000> a<00:15:50.160> Bottoms<00:15:50.639> Up<00:15:51.360> the<00:15:51.519> developers<00:15:52.079> have<00:15:52.240> to 00:15:52.470 --> 00:15:52.480 align:start position:0% is a Bottoms Up the developers have to 00:15:52.480 --> 00:15:54.550 align:start position:0% is a Bottoms Up the developers have to develop<00:15:52.839> the<00:15:53.079> applications<00:15:53.800> and<00:15:54.040> propagate 00:15:54.550 --> 00:15:54.560 align:start position:0% develop the applications and propagate 00:15:54.560 --> 00:15:56.670 align:start position:0% develop the applications and propagate them<00:15:54.720> and<00:15:54.880> deploy<00:15:55.319> them<00:15:55.839> them<00:15:56.000> and<00:15:56.160> have<00:15:56.319> users 00:15:56.670 --> 00:15:56.680 align:start position:0% them and deploy them them and have users 00:15:56.680 --> 00:15:58.990 align:start position:0% them and deploy them them and have users use<00:15:57.000> them<00:15:57.519> and<00:15:57.680> that<00:15:57.800> creates<00:15:58.079> a<00:15:58.240> community<00:15:58.639> of 00:15:58.990 --> 00:15:59.000 align:start position:0% use them and that creates a community of 00:15:59.000 --> 00:16:01.069 align:start position:0% use them and that creates a community of users<00:15:59.440> of<00:15:59.600> stakeholders<00:16:00.279> of<00:16:00.480> applications 00:16:01.069 --> 00:16:01.079 align:start position:0% users of stakeholders of applications 00:16:01.079 --> 00:16:02.870 align:start position:0% users of stakeholders of applications and<00:16:01.240> so<00:16:01.399> on<00:16:01.839> but<00:16:01.959> at<00:16:02.079> the<00:16:02.199> same<00:16:02.440> time<00:16:02.639> there<00:16:02.759> has 00:16:02.870 --> 00:16:02.880 align:start position:0% and so on but at the same time there has 00:16:02.880 --> 00:16:06.389 align:start position:0% and so on but at the same time there has to<00:16:03.000> be<00:16:03.120> some<00:16:03.319> top<00:16:03.680> down<00:16:04.639> Clarity<00:16:05.120> of<00:16:05.399> messaging 00:16:06.389 --> 00:16:06.399 align:start position:0% to be some top down Clarity of messaging 00:16:06.399 --> 00:16:08.030 align:start position:0% to be some top down Clarity of messaging as<00:16:06.519> well<00:16:06.680> so<00:16:06.959> don't<00:16:07.120> take<00:16:07.319> Marketing<00:16:07.720> in<00:16:07.880> the 00:16:08.030 --> 00:16:08.040 align:start position:0% as well so don't take Marketing in the 00:16:08.040 --> 00:16:10.629 align:start position:0% as well so don't take Marketing in the bad<00:16:08.680> sense<00:16:08.920> of<00:16:09.079> the<00:16:09.199> word<00:16:09.880> marketing<00:16:10.360> is 00:16:10.629 --> 00:16:10.639 align:start position:0% bad sense of the word marketing is 00:16:10.639 --> 00:16:13.309 align:start position:0% bad sense of the word marketing is Clarity<00:16:11.319> all<00:16:12.199> you<00:16:12.319> could<00:16:12.560> remember<00:16:13.040> about 00:16:13.309 --> 00:16:13.319 align:start position:0% Clarity all you could remember about 00:16:13.319 --> 00:16:14.790 align:start position:0% Clarity all you could remember about marketing<00:16:13.800> that<00:16:13.920> is<00:16:14.079> important<00:16:14.519> here<00:16:14.639> is 00:16:14.790 --> 00:16:14.800 align:start position:0% marketing that is important here is 00:16:14.800 --> 00:16:17.150 align:start position:0% marketing that is important here is Clarity<00:16:15.279> of<00:16:15.440> messaging<00:16:16.279> so<00:16:16.480> just<00:16:16.639> be<00:16:16.839> clear 00:16:17.150 --> 00:16:17.160 align:start position:0% Clarity of messaging so just be clear 00:16:17.160 --> 00:16:19.309 align:start position:0% Clarity of messaging so just be clear about<00:16:17.399> what<00:16:17.519> you're<00:16:17.720> doing<00:16:18.480> and<00:16:18.600> it<00:16:18.759> becomes<00:16:19.079> a 00:16:19.309 --> 00:16:19.319 align:start position:0% about what you're doing and it becomes a 00:16:19.319 --> 00:16:22.590 align:start position:0% about what you're doing and it becomes a pull<00:16:20.319> if<00:16:20.519> something<00:16:20.880> is<00:16:21.319> clear<00:16:22.319> and<00:16:22.440> you 00:16:22.590 --> 00:16:22.600 align:start position:0% pull if something is clear and you 00:16:22.600 --> 00:16:24.829 align:start position:0% pull if something is clear and you believe<00:16:23.000> in<00:16:23.199> it<00:16:23.720> then<00:16:23.880> it<00:16:24.000> pulls<00:16:24.279> you<00:16:24.440> towards 00:16:24.829 --> 00:16:24.839 align:start position:0% believe in it then it pulls you towards 00:16:24.839 --> 00:16:27.269 align:start position:0% believe in it then it pulls you towards doing<00:16:25.160> something<00:16:25.519> about<00:16:25.759> it<00:16:26.440> so<00:16:26.839> there's<00:16:27.079> so 00:16:27.269 --> 00:16:27.279 align:start position:0% doing something about it so there's so 00:16:27.279 --> 00:16:29.189 align:start position:0% doing something about it so there's so much<00:16:27.560> that<00:16:27.720> the<00:16:27.839> developers<00:16:28.399> can<00:16:28.560> do<00:16:28.959> pushing 00:16:29.189 --> 00:16:29.199 align:start position:0% much that the developers can do pushing 00:16:29.199 --> 00:16:31.749 align:start position:0% much that the developers can do pushing it<00:16:29.399> up<00:16:29.639> from<00:16:29.839> the<00:16:29.959> bottom<00:16:30.440> up<00:16:31.160> but<00:16:31.319> you<00:16:31.480> also 00:16:31.749 --> 00:16:31.759 align:start position:0% it up from the bottom up but you also 00:16:31.759 --> 00:16:34.350 align:start position:0% it up from the bottom up but you also want<00:16:31.920> to<00:16:32.079> do<00:16:32.600> from<00:16:32.759> the<00:16:32.959> top<00:16:33.279> down<00:16:33.839> so<00:16:34.079> they<00:16:34.199> can 00:16:34.350 --> 00:16:34.360 align:start position:0% want to do from the top down so they can 00:16:34.360 --> 00:16:36.069 align:start position:0% want to do from the top down so they can be<00:16:34.480> pulled<00:16:34.839> by<00:16:34.959> it<00:16:35.079> so<00:16:35.240> it's<00:16:35.319> a<00:16:35.480> push<00:16:35.759> pull 00:16:36.069 --> 00:16:36.079 align:start position:0% be pulled by it so it's a push pull 00:16:36.079 --> 00:16:39.150 align:start position:0% be pulled by it so it's a push pull situation<00:16:36.639> I<00:16:36.759> think<00:16:37.399> this<00:16:37.519> is<00:16:37.839> how<00:16:38.839> most 00:16:39.150 --> 00:16:39.160 align:start position:0% situation I think this is how most 00:16:39.160 --> 00:16:42.150 align:start position:0% situation I think this is how most brands<00:16:39.560> and<00:16:39.800> most<00:16:40.360> Technologies<00:16:41.040> work<00:16:41.880> I<00:16:41.959> mean 00:16:42.150 --> 00:16:42.160 align:start position:0% brands and most Technologies work I mean 00:16:42.160 --> 00:16:45.309 align:start position:0% brands and most Technologies work I mean take<00:16:42.319> the<00:16:42.480> Apple<00:16:43.199> case<00:16:44.199> uh<00:16:44.720> of<00:16:44.959> course<00:16:45.120> there's 00:16:45.309 --> 00:16:45.319 align:start position:0% take the Apple case uh of course there's 00:16:45.319 --> 00:16:47.430 align:start position:0% take the Apple case uh of course there's lots<00:16:45.519> of<00:16:45.680> support<00:16:45.959> from<00:16:46.120> the<00:16:46.240> bottoms<00:16:46.639> up<00:16:47.199> but 00:16:47.430 --> 00:16:47.440 align:start position:0% lots of support from the bottoms up but 00:16:47.440 --> 00:16:51.269 align:start position:0% lots of support from the bottoms up but Apple<00:16:47.759> keeps<00:16:48.560> reinforcing<00:16:49.560> to<00:16:49.839> us<00:16:50.519> in<00:16:50.759> their 00:16:51.269 --> 00:16:51.279 align:start position:0% Apple keeps reinforcing to us in their 00:16:51.279 --> 00:16:53.670 align:start position:0% Apple keeps reinforcing to us in their in<00:16:51.440> their<00:16:51.639> marketing<00:16:52.519> how<00:16:52.720> great<00:16:53.000> of<00:16:53.120> a<00:16:53.279> brand 00:16:53.670 --> 00:16:53.680 align:start position:0% in their marketing how great of a brand 00:16:53.680 --> 00:16:56.629 align:start position:0% in their marketing how great of a brand they<00:16:53.839> are<00:16:54.680> and<00:16:54.880> I<00:16:55.040> think<00:16:55.959> it<00:16:56.120> has<00:16:56.240> to<00:16:56.399> happen 00:16:56.629 --> 00:16:56.639 align:start position:0% they are and I think it has to happen 00:16:56.639 --> 00:17:00.430 align:start position:0% they are and I think it has to happen from<00:16:56.880> both<00:16:57.120> sides<00:16:58.120> we<00:16:58.199> have<00:16:58.319> another<00:16:58.600> question 00:17:00.430 --> 00:17:00.440 align:start position:0% from both sides we have another question 00:17:00.440 --> 00:17:03.629 align:start position:0% from both sides we have another question yes<00:17:01.440> hello<00:17:02.040> yes<00:17:02.160> how's<00:17:02.319> it<00:17:02.440> going<00:17:03.160> um<00:17:03.360> so 00:17:03.629 --> 00:17:03.639 align:start position:0% yes hello yes how's it going um so 00:17:03.639 --> 00:17:06.590 align:start position:0% yes hello yes how's it going um so recently<00:17:04.120> JP<00:17:04.640> Morgan<00:17:05.439> Morgan's<00:17:05.880> CEO<00:17:06.280> Jamie 00:17:06.590 --> 00:17:06.600 align:start position:0% recently JP Morgan Morgan's CEO Jamie 00:17:06.600 --> 00:17:09.590 align:start position:0% recently JP Morgan Morgan's CEO Jamie Diamond<00:17:07.000> said<00:17:07.319> that<00:17:07.679> uh<00:17:08.319> Bitcoin<00:17:08.720> is<00:17:08.839> cute<00:17:09.160> now 00:17:09.590 --> 00:17:09.600 align:start position:0% Diamond said that uh Bitcoin is cute now 00:17:09.600 --> 00:17:11.909 align:start position:0% Diamond said that uh Bitcoin is cute now but<00:17:10.079> uh<00:17:10.400> you<00:17:10.520> know<00:17:10.720> when<00:17:10.919> the<00:17:11.039> doj<00:17:11.559> comes<00:17:11.760> and 00:17:11.909 --> 00:17:11.919 align:start position:0% but uh you know when the doj comes and 00:17:11.919 --> 00:17:14.470 align:start position:0% but uh you know when the doj comes and says<00:17:12.199> that<00:17:12.360> it's<00:17:12.679> illegal<00:17:13.679> um<00:17:14.079> you<00:17:14.199> know 00:17:14.470 --> 00:17:14.480 align:start position:0% says that it's illegal um you know 00:17:14.480 --> 00:17:16.909 align:start position:0% says that it's illegal um you know that's<00:17:14.640> the<00:17:14.760> end<00:17:14.919> of<00:17:15.039> the<00:17:15.400> story<00:17:16.400> um<00:17:16.520> ble 00:17:16.909 --> 00:17:16.919 align:start position:0% that's the end of the story um ble 00:17:16.919 --> 00:17:19.949 align:start position:0% that's the end of the story um ble Masters<00:17:17.600> just<00:17:18.160> uh<00:17:18.319> I<00:17:18.439> think<00:17:18.839> yesterday<00:17:19.839> uh 00:17:19.949 --> 00:17:19.959 align:start position:0% Masters just uh I think yesterday uh 00:17:19.959 --> 00:17:21.510 align:start position:0% Masters just uh I think yesterday uh said<00:17:20.199> the<00:17:20.360> same<00:17:20.640> thing<00:17:20.880> that<00:17:21.039> she<00:17:21.199> fully 00:17:21.510 --> 00:17:21.520 align:start position:0% said the same thing that she fully 00:17:21.520 --> 00:17:23.189 align:start position:0% said the same thing that she fully agrees<00:17:21.839> at<00:17:22.000> the<00:17:22.120> banking<00:17:22.439> conference<00:17:22.919> across 00:17:23.189 --> 00:17:23.199 align:start position:0% agrees at the banking conference across 00:17:23.199 --> 00:17:25.630 align:start position:0% agrees at the banking conference across the<00:17:23.280> street<00:17:23.600> here<00:17:24.199> at<00:17:24.360> the<00:17:24.480> Central<00:17:24.839> Bank<00:17:25.000> of 00:17:25.630 --> 00:17:25.640 align:start position:0% the street here at the Central Bank of 00:17:25.640 --> 00:17:28.110 align:start position:0% the street here at the Central Bank of England<00:17:26.640> uh<00:17:26.919> with<00:17:27.079> this<00:17:27.240> sort<00:17:27.400> of<00:17:27.559> rhetoric 00:17:28.110 --> 00:17:28.120 align:start position:0% England uh with this sort of rhetoric 00:17:28.120 --> 00:17:30.390 align:start position:0% England uh with this sort of rhetoric coming<00:17:28.360> out<00:17:28.559> of<00:17:29.120> you<00:17:29.280> know<00:17:29.760> people<00:17:30.039> leading 00:17:30.390 --> 00:17:30.400 align:start position:0% coming out of you know people leading 00:17:30.400 --> 00:17:33.430 align:start position:0% coming out of you know people leading major<00:17:30.720> banks<00:17:31.160> that<00:17:32.080> cryptographic<00:17:32.799> tokens 00:17:33.430 --> 00:17:33.440 align:start position:0% major banks that cryptographic tokens 00:17:33.440 --> 00:17:36.270 align:start position:0% major banks that cryptographic tokens that<00:17:33.760> uh<00:17:33.880> may<00:17:34.120> have<00:17:34.760> value<00:17:35.760> they<00:17:35.919> think<00:17:36.120> will 00:17:36.270 --> 00:17:36.280 align:start position:0% that uh may have value they think will 00:17:36.280 --> 00:17:38.630 align:start position:0% that uh may have value they think will be<00:17:36.440> banned<00:17:36.880> by<00:17:37.000> the<00:17:37.080> government<00:17:37.640> eventually 00:17:38.630 --> 00:17:38.640 align:start position:0% be banned by the government eventually 00:17:38.640 --> 00:17:43.150 align:start position:0% be banned by the government eventually um<00:17:39.080> how<00:17:39.240> do<00:17:39.360> you<00:17:39.640> counter<00:17:40.200> that<00:17:40.760> message<00:17:41.760> um<00:17:42.760> uh 00:17:43.150 --> 00:17:43.160 align:start position:0% um how do you counter that message um uh 00:17:43.160 --> 00:17:44.909 align:start position:0% um how do you counter that message um uh in<00:17:43.360> those<00:17:43.559> spaces<00:17:44.039> what<00:17:44.240> what<00:17:44.320> would<00:17:44.480> your 00:17:44.909 --> 00:17:44.919 align:start position:0% in those spaces what what would your 00:17:44.919 --> 00:17:46.470 align:start position:0% in those spaces what what would your what<00:17:45.039> would<00:17:45.160> your<00:17:45.280> marketing<00:17:45.720> suggestion<00:17:46.240> be 00:17:46.470 --> 00:17:46.480 align:start position:0% what would your marketing suggestion be 00:17:46.480 --> 00:17:48.909 align:start position:0% what would your marketing suggestion be there<00:17:46.760> what<00:17:46.840> would<00:17:47.000> your<00:17:47.520> uh<00:17:48.120> reaction<00:17:48.480> be<00:17:48.640> to 00:17:48.909 --> 00:17:48.919 align:start position:0% there what would your uh reaction be to 00:17:48.919 --> 00:17:50.789 align:start position:0% there what would your uh reaction be to that<00:17:49.080> sort<00:17:49.240> of<00:17:49.360> rhetoric<00:17:49.919> so<00:17:50.320> I<00:17:50.480> I<00:17:50.559> couldn't 00:17:50.789 --> 00:17:50.799 align:start position:0% that sort of rhetoric so I I couldn't 00:17:50.799 --> 00:17:52.669 align:start position:0% that sort of rhetoric so I I couldn't hear<00:17:51.039> very<00:17:51.240> well<00:17:51.480> the<00:17:51.799> first<00:17:52.080> part<00:17:52.280> of<00:17:52.559> what 00:17:52.669 --> 00:17:52.679 align:start position:0% hear very well the first part of what 00:17:52.679 --> 00:17:54.630 align:start position:0% hear very well the first part of what you<00:17:52.760> were<00:17:52.960> saying<00:17:53.200> because<00:17:53.440> the<00:17:53.600> sound<00:17:54.520> oh 00:17:54.630 --> 00:17:54.640 align:start position:0% you were saying because the sound oh 00:17:54.640 --> 00:17:56.270 align:start position:0% you were saying because the sound oh sure<00:17:54.880> maybe<00:17:55.120> talk<00:17:55.320> a<00:17:55.440> little<00:17:55.640> bit<00:17:55.840> closer<00:17:56.159> to 00:17:56.270 --> 00:17:56.280 align:start position:0% sure maybe talk a little bit closer to 00:17:56.280 --> 00:17:59.510 align:start position:0% sure maybe talk a little bit closer to the<00:17:56.440> mic<00:17:56.960> sure<00:17:57.360> what<00:17:57.440> is<00:17:57.559> your<00:17:57.840> question<00:17:58.840> prely 00:17:59.510 --> 00:17:59.520 align:start position:0% the mic sure what is your question prely 00:17:59.520 --> 00:18:02.029 align:start position:0% the mic sure what is your question prely messaging<00:18:00.360> me<00:18:00.720> messaging<00:18:01.200> to<00:18:01.559> people<00:18:01.840> like 00:18:02.029 --> 00:18:02.039 align:start position:0% messaging me messaging to people like 00:18:02.039 --> 00:18:04.190 align:start position:0% messaging me messaging to people like Jamie<00:18:02.440> Diamond<00:18:02.880> who<00:18:03.120> recently<00:18:03.520> said<00:18:03.840> that<00:18:04.000> he 00:18:04.190 --> 00:18:04.200 align:start position:0% Jamie Diamond who recently said that he 00:18:04.200 --> 00:18:07.710 align:start position:0% Jamie Diamond who recently said that he thinks<00:18:04.840> uh<00:18:05.159> you<00:18:05.280> know<00:18:05.640> Bitcoin<00:18:06.120> will<00:18:06.440> just<00:18:07.039> got 00:18:07.710 --> 00:18:07.720 align:start position:0% thinks uh you know Bitcoin will just got 00:18:07.720 --> 00:18:11.029 align:start position:0% thinks uh you know Bitcoin will just got it<00:18:08.720> it's<00:18:09.000> good<00:18:09.559> that<00:18:09.720> he<00:18:09.840> said<00:18:10.159> that<00:18:10.520> it<00:18:10.640> means 00:18:11.029 --> 00:18:11.039 align:start position:0% it it's good that he said that it means 00:18:11.039 --> 00:18:12.950 align:start position:0% it it's good that he said that it means that<00:18:11.240> he<00:18:11.360> is 00:18:12.950 --> 00:18:12.960 align:start position:0% that he is 00:18:12.960 --> 00:18:15.310 align:start position:0% that he is scared<00:18:13.960> and<00:18:14.240> I'm<00:18:14.440> very 00:18:15.310 --> 00:18:15.320 align:start position:0% scared and I'm very 00:18:15.320 --> 00:18:19.510 align:start position:0% scared and I'm very encouraged<00:18:16.320> that<00:18:16.840> uh<00:18:17.400> somebody<00:18:17.919> as<00:18:18.360> uh<00:18:19.039> highly 00:18:19.510 --> 00:18:19.520 align:start position:0% encouraged that uh somebody as uh highly 00:18:19.520 --> 00:18:22.789 align:start position:0% encouraged that uh somebody as uh highly respected<00:18:20.080> as<00:18:20.960> Jamie<00:18:21.280> Diamond<00:18:21.640> is<00:18:21.760> saying<00:18:22.440> uh 00:18:22.789 --> 00:18:22.799 align:start position:0% respected as Jamie Diamond is saying uh 00:18:22.799 --> 00:18:24.830 align:start position:0% respected as Jamie Diamond is saying uh no<00:18:23.080> it's<00:18:23.240> not<00:18:23.480> going<00:18:23.559> to<00:18:23.799> happen<00:18:24.120> or 00:18:24.830 --> 00:18:24.840 align:start position:0% no it's not going to happen or 00:18:24.840 --> 00:18:27.430 align:start position:0% no it's not going to happen or whatever<00:18:25.840> um<00:18:26.520> that<00:18:26.640> means<00:18:26.919> it's<00:18:27.080> going<00:18:27.240> to 00:18:27.430 --> 00:18:27.440 align:start position:0% whatever um that means it's going to 00:18:27.440 --> 00:18:30.789 align:start position:0% whatever um that means it's going to happen<00:18:28.120> unfortunately 00:18:30.789 --> 00:18:30.799 align:start position:0% 00:18:30.799 --> 00:18:34.390 align:start position:0% uh<00:18:31.480> I<00:18:31.600> listen<00:18:31.960> to<00:18:32.080> the<00:18:32.679> market<00:18:33.679> uh<00:18:34.240> the 00:18:34.390 --> 00:18:34.400 align:start position:0% uh I listen to the market uh the 00:18:34.400 --> 00:18:36.029 align:start position:0% uh I listen to the market uh the incumbents 00:18:36.029 --> 00:18:36.039 align:start position:0% incumbents 00:18:36.039 --> 00:18:38.390 align:start position:0% incumbents unfortunately<00:18:37.039> will<00:18:37.240> be<00:18:37.400> defensive<00:18:38.159> I<00:18:38.240> mean 00:18:38.390 --> 00:18:38.400 align:start position:0% unfortunately will be defensive I mean 00:18:38.400 --> 00:18:40.510 align:start position:0% unfortunately will be defensive I mean I've<00:18:38.520> seen<00:18:38.720> this<00:18:38.840> movie<00:18:39.159> as<00:18:39.280> well<00:18:39.520> before<00:18:40.240> 20 00:18:40.510 --> 00:18:40.520 align:start position:0% I've seen this movie as well before 20 00:18:40.520 --> 00:18:43.710 align:start position:0% I've seen this movie as well before 20 years<00:18:40.799> ago<00:18:41.799> for<00:18:42.080> three<00:18:42.400> years<00:18:43.000> the<00:18:43.120> banks<00:18:43.520> did 00:18:43.710 --> 00:18:43.720 align:start position:0% years ago for three years the banks did 00:18:43.720 --> 00:18:46.710 align:start position:0% years ago for three years the banks did not<00:18:43.960> want<00:18:44.200> to<00:18:44.360> touch<00:18:44.880> internet<00:18:45.720> payments 00:18:46.710 --> 00:18:46.720 align:start position:0% not want to touch internet payments 00:18:46.720 --> 00:18:49.630 align:start position:0% not want to touch internet payments between<00:18:47.000> 95<00:18:47.559> 96 00:18:49.630 --> 00:18:49.640 align:start position:0% between 95 96 00:18:49.640 --> 00:18:51.909 align:start position:0% between 95 96 97<00:18:50.640> anything<00:18:51.000> to<00:18:51.120> do<00:18:51.280> with<00:18:51.480> electronic 00:18:51.909 --> 00:18:51.919 align:start position:0% 97 anything to do with electronic 00:18:51.919 --> 00:18:53.190 align:start position:0% 97 anything to do with electronic payments<00:18:52.200> and<00:18:52.360> credit<00:18:52.640> cards<00:18:52.919> on<00:18:53.039> the 00:18:53.190 --> 00:18:53.200 align:start position:0% payments and credit cards on the 00:18:53.200 --> 00:18:55.630 align:start position:0% payments and credit cards on the internet<00:18:54.200> had<00:18:54.320> to<00:18:54.559> happen<00:18:54.880> via<00:18:55.159> what<00:18:55.280> is<00:18:55.480> was 00:18:55.630 --> 00:18:55.640 align:start position:0% internet had to happen via what is was 00:18:55.640 --> 00:18:57.669 align:start position:0% internet had to happen via what is was called<00:18:55.840> an<00:18:56.039> internet<00:18:56.480> gateway<00:18:57.120> it<00:18:57.280> was<00:18:57.480> this 00:18:57.669 --> 00:18:57.679 align:start position:0% called an internet gateway it was this 00:18:57.679 --> 00:18:59.390 align:start position:0% called an internet gateway it was this other<00:18:57.960> thing<00:18:58.240> outside 00:18:59.390 --> 00:18:59.400 align:start position:0% other thing outside 00:18:59.400 --> 00:19:01.510 align:start position:0% other thing outside of<00:18:59.520> the<00:18:59.679> banks<00:19:00.200> didn't<00:19:00.360> want<00:19:00.440> to<00:19:00.600> touch<00:19:00.840> it<00:19:01.400> and 00:19:01.510 --> 00:19:01.520 align:start position:0% of the banks didn't want to touch it and 00:19:01.520 --> 00:19:04.750 align:start position:0% of the banks didn't want to touch it and then<00:19:01.679> suddenly<00:19:02.039> in<00:19:02.440> 98<00:19:03.440> boom<00:19:04.120> it<00:19:04.280> started<00:19:04.559> to 00:19:04.750 --> 00:19:04.760 align:start position:0% then suddenly in 98 boom it started to 00:19:04.760 --> 00:19:08.149 align:start position:0% then suddenly in 98 boom it started to happen<00:19:05.760> unfortunately<00:19:06.480> the<00:19:06.640> banks<00:19:07.640> some<00:19:07.880> of 00:19:08.149 --> 00:19:08.159 align:start position:0% happen unfortunately the banks some of 00:19:08.159 --> 00:19:10.029 align:start position:0% happen unfortunately the banks some of them 00:19:10.029 --> 00:19:10.039 align:start position:0% them 00:19:10.039 --> 00:19:12.630 align:start position:0% them are<00:19:11.039> facing<00:19:11.400> the<00:19:11.559> situation<00:19:12.000> right<00:19:12.159> now<00:19:12.520> all 00:19:12.630 --> 00:19:12.640 align:start position:0% are facing the situation right now all 00:19:12.640 --> 00:19:15.350 align:start position:0% are facing the situation right now all of<00:19:12.799> this<00:19:12.960> Innovation<00:19:13.480> we<00:19:13.600> see<00:19:13.799> in<00:19:14.360> fintech 00:19:15.350 --> 00:19:15.360 align:start position:0% of this Innovation we see in fintech 00:19:15.360 --> 00:19:16.710 align:start position:0% of this Innovation we see in fintech like<00:19:15.520> forget<00:19:15.799> the<00:19:15.880> blockchain<00:19:16.280> before<00:19:16.520> the 00:19:16.710 --> 00:19:16.720 align:start position:0% like forget the blockchain before the 00:19:16.720 --> 00:19:19.510 align:start position:0% like forget the blockchain before the blockchain<00:19:17.679> all<00:19:17.840> of<00:19:18.159> this<00:19:19.159> all<00:19:19.280> of<00:19:19.400> the 00:19:19.510 --> 00:19:19.520 align:start position:0% blockchain all of this all of the 00:19:19.520 --> 00:19:22.270 align:start position:0% blockchain all of this all of the fintech<00:19:20.480> um<00:19:21.200> Innovation<00:19:21.720> that<00:19:21.840> has<00:19:21.960> happened 00:19:22.270 --> 00:19:22.280 align:start position:0% fintech um Innovation that has happened 00:19:22.280 --> 00:19:24.430 align:start position:0% fintech um Innovation that has happened outside<00:19:22.559> of<00:19:22.640> the<00:19:22.799> banks<00:19:23.600> is<00:19:23.880> because<00:19:24.320> the 00:19:24.430 --> 00:19:24.440 align:start position:0% outside of the banks is because the 00:19:24.440 --> 00:19:26.470 align:start position:0% outside of the banks is because the banks<00:19:24.760> did<00:19:24.919> not<00:19:25.120> innovate<00:19:25.679> enough<00:19:26.200> in<00:19:26.360> the 00:19:26.470 --> 00:19:26.480 align:start position:0% banks did not innovate enough in the 00:19:26.480 --> 00:19:28.830 align:start position:0% banks did not innovate enough in the first<00:19:26.720> 10<00:19:26.919> years<00:19:27.120> of<00:19:27.240> the<00:19:27.360> internet<00:19:28.360> so<00:19:28.720> we 00:19:28.830 --> 00:19:28.840 align:start position:0% first 10 years of the internet so we 00:19:28.840 --> 00:19:30.510 align:start position:0% first 10 years of the internet so we waited<00:19:29.080> 10<00:19:29.280> years<00:19:29.520> All<00:19:29.640> We<00:19:29.799> Got<00:19:29.960> Is<00:19:30.120> online 00:19:30.510 --> 00:19:30.520 align:start position:0% waited 10 years All We Got Is online 00:19:30.520 --> 00:19:33.430 align:start position:0% waited 10 years All We Got Is online banking<00:19:31.400> and<00:19:31.600> online<00:19:32.200> brokerage<00:19:33.200> can<00:19:33.320> you 00:19:33.430 --> 00:19:33.440 align:start position:0% banking and online brokerage can you 00:19:33.440 --> 00:19:34.870 align:start position:0% banking and online brokerage can you tell<00:19:33.559> me<00:19:33.720> any<00:19:33.840> other<00:19:34.039> Innovation<00:19:34.559> that<00:19:34.720> your 00:19:34.870 --> 00:19:34.880 align:start position:0% tell me any other Innovation that your 00:19:34.880 --> 00:19:38.350 align:start position:0% tell me any other Innovation that your bank<00:19:35.120> gave<00:19:35.320> you<00:19:36.039> up<00:19:36.200> until<00:19:36.480> 2004<00:19:37.400> maybe<00:19:38.200> that's 00:19:38.350 --> 00:19:38.360 align:start position:0% bank gave you up until 2004 maybe that's 00:19:38.360 --> 00:19:40.470 align:start position:0% bank gave you up until 2004 maybe that's all<00:19:38.520> we<00:19:38.679> had<00:19:38.840> so<00:19:39.039> then<00:19:39.400> all<00:19:39.559> the<00:19:39.720> fch<00:19:40.159> started 00:19:40.470 --> 00:19:40.480 align:start position:0% all we had so then all the fch started 00:19:40.480 --> 00:19:43.430 align:start position:0% all we had so then all the fch started to<00:19:40.640> happen<00:19:40.919> in<00:19:41.080> the<00:19:41.559> last<00:19:41.760> 10<00:19:42.039> years<00:19:42.880> and<00:19:43.000> I 00:19:43.430 --> 00:19:43.440 align:start position:0% to happen in the last 10 years and I 00:19:43.440 --> 00:19:45.710 align:start position:0% to happen in the last 10 years and I predict<00:19:44.440> if<00:19:44.840> the<00:19:44.960> banks<00:19:45.240> don't<00:19:45.440> take<00:19:45.600> the 00:19:45.710 --> 00:19:45.720 align:start position:0% predict if the banks don't take the 00:19:45.720 --> 00:19:47.590 align:start position:0% predict if the banks don't take the blockchain<00:19:46.120> seriously<00:19:46.960> the<00:19:47.080> same<00:19:47.280> thing<00:19:47.440> will 00:19:47.590 --> 00:19:47.600 align:start position:0% blockchain seriously the same thing will 00:19:47.600 --> 00:19:50.070 align:start position:0% blockchain seriously the same thing will happen<00:19:47.799> with<00:19:47.919> the<00:19:48.240> blockchain<00:19:49.240> yes<00:19:49.960> there 00:19:50.070 --> 00:19:50.080 align:start position:0% happen with the blockchain yes there 00:19:50.080 --> 00:19:51.390 align:start position:0% happen with the blockchain yes there will<00:19:50.240> be<00:19:50.360> some<00:19:50.520> solutions<00:19:50.919> that<00:19:51.039> will<00:19:51.200> help 00:19:51.390 --> 00:19:51.400 align:start position:0% will be some solutions that will help 00:19:51.400 --> 00:19:54.070 align:start position:0% will be some solutions that will help the<00:19:51.520> banks<00:19:52.120> in<00:19:52.240> terms<00:19:52.480> of<00:19:52.720> middle<00:19:53.480> mid<00:19:53.760> office 00:19:54.070 --> 00:19:54.080 align:start position:0% the banks in terms of middle mid office 00:19:54.080 --> 00:19:55.710 align:start position:0% the banks in terms of middle mid office and<00:19:54.320> back<00:19:54.600> office<00:19:54.960> they<00:19:55.039> will<00:19:55.240> save<00:19:55.520> some 00:19:55.710 --> 00:19:55.720 align:start position:0% and back office they will save some 00:19:55.720 --> 00:19:58.789 align:start position:0% and back office they will save some money<00:19:56.559> that's<00:19:56.679> a<00:19:56.880> big<00:19:57.120> opportunity<00:19:58.080> but<00:19:58.280> some 00:19:58.789 --> 00:19:58.799 align:start position:0% money that's a big opportunity but some 00:19:58.799 --> 00:20:00.029 align:start position:0% money that's a big opportunity but some the<00:19:58.919> blockchain 00:20:00.029 --> 00:20:00.039 align:start position:0% the blockchain 00:20:00.039 --> 00:20:02.430 align:start position:0% the blockchain based<00:20:01.039> uh<00:20:01.200> applications<00:20:01.919> will<00:20:02.159> also 00:20:02.430 --> 00:20:02.440 align:start position:0% based uh applications will also 00:20:02.440 --> 00:20:05.029 align:start position:0% based uh applications will also challenge<00:20:02.840> the<00:20:02.960> banks<00:20:03.360> as<00:20:03.640> well<00:20:04.640> but<00:20:04.840> that 00:20:05.029 --> 00:20:05.039 align:start position:0% challenge the banks as well but that 00:20:05.039 --> 00:20:06.750 align:start position:0% challenge the banks as well but that said<00:20:05.559> I'm<00:20:05.679> seeing<00:20:06.200> I'm<00:20:06.320> a<00:20:06.440> bit<00:20:06.559> more 00:20:06.750 --> 00:20:06.760 align:start position:0% said I'm seeing I'm a bit more 00:20:06.760 --> 00:20:09.590 align:start position:0% said I'm seeing I'm a bit more encouraged<00:20:07.240> I'm<00:20:07.360> seeing<00:20:07.679> the<00:20:08.280> banks<00:20:09.280> uh 00:20:09.590 --> 00:20:09.600 align:start position:0% encouraged I'm seeing the banks uh 00:20:09.600 --> 00:20:12.430 align:start position:0% encouraged I'm seeing the banks uh taking<00:20:10.000> the<00:20:10.159> blockchain<00:20:10.840> more<00:20:11.440> seriously 00:20:12.430 --> 00:20:12.440 align:start position:0% taking the blockchain more seriously 00:20:12.440 --> 00:20:16.070 align:start position:0% taking the blockchain more seriously than<00:20:12.640> they<00:20:12.799> did<00:20:13.280> back<00:20:13.440> in<00:20:13.799> 95<00:20:14.799> so<00:20:15.039> they<00:20:15.200> are 00:20:16.070 --> 00:20:16.080 align:start position:0% than they did back in 95 so they are 00:20:16.080 --> 00:20:19.190 align:start position:0% than they did back in 95 so they are very<00:20:16.320> open<00:20:17.280> uh<00:20:17.400> and<00:20:17.559> they<00:20:17.640> are<00:20:17.840> doing<00:20:18.640> uh 00:20:19.190 --> 00:20:19.200 align:start position:0% very open uh and they are doing uh 00:20:19.200 --> 00:20:22.510 align:start position:0% very open uh and they are doing uh better<00:20:19.559> than<00:20:19.720> what<00:20:19.840> they<00:20:19.960> did<00:20:20.120> in<00:20:20.240> 95<00:20:20.799> with<00:20:20.919> the 00:20:22.510 --> 00:20:22.520 align:start position:0% better than what they did in 95 with the 00:20:22.520 --> 00:20:29.190 align:start position:0% better than what they did in 95 with the internet<00:20:23.520> yes 00:20:29.190 --> 00:20:29.200 align:start position:0% 00:20:29.200 --> 00:20:32.350 align:start position:0% fantastic<00:20:29.679> presentation<00:20:30.520> um<00:20:31.159> how<00:20:31.280> would<00:20:31.440> you 00:20:32.350 --> 00:20:32.360 align:start position:0% fantastic presentation um how would you 00:20:32.360 --> 00:20:36.950 align:start position:0% fantastic presentation um how would you recommend<00:20:33.360> um<00:20:33.919> startups<00:20:34.919> who<00:20:35.400> are 00:20:36.950 --> 00:20:36.960 align:start position:0% recommend um startups who are 00:20:36.960 --> 00:20:40.070 align:start position:0% recommend um startups who are targeting<00:20:38.240> uh<00:20:39.240> traditional<00:20:39.720> financial 00:20:40.070 --> 00:20:40.080 align:start position:0% targeting uh traditional financial 00:20:40.080 --> 00:20:42.190 align:start position:0% targeting uh traditional financial institutions<00:20:40.960> and<00:20:41.440> doing<00:20:41.799> work<00:20:42.039> with 00:20:42.190 --> 00:20:42.200 align:start position:0% institutions and doing work with 00:20:42.200 --> 00:20:43.549 align:start position:0% institutions and doing work with financial<00:20:42.559> institutions<00:20:43.039> do<00:20:43.159> you<00:20:43.280> think<00:20:43.440> they 00:20:43.549 --> 00:20:43.559 align:start position:0% financial institutions do you think they 00:20:43.559 --> 00:20:46.470 align:start position:0% financial institutions do you think they should<00:20:43.760> be<00:20:44.120> selling<00:20:45.120> their<00:20:45.520> products<00:20:45.880> and 00:20:46.470 --> 00:20:46.480 align:start position:0% should be selling their products and 00:20:46.480 --> 00:20:50.230 align:start position:0% should be selling their products and services<00:20:47.480> under<00:20:47.840> the<00:20:48.280> banner<00:20:48.880> of<00:20:49.880> you<00:20:50.000> could 00:20:50.230 --> 00:20:50.240 align:start position:0% services under the banner of you could 00:20:50.240 --> 00:20:52.750 align:start position:0% services under the banner of you could become<00:20:50.520> extinct<00:20:50.919> in<00:20:51.080> 5<00:20:51.320> 10<00:20:51.520> years<00:20:51.840> or<00:20:52.200> focus<00:20:52.520> on 00:20:52.750 --> 00:20:52.760 align:start position:0% become extinct in 5 10 years or focus on 00:20:52.760 --> 00:20:54.510 align:start position:0% become extinct in 5 10 years or focus on the<00:20:52.880> efficiencies<00:20:53.400> and<00:20:53.559> the<00:20:53.679> cost<00:20:53.919> savings<00:20:54.320> or 00:20:54.510 --> 00:20:54.520 align:start position:0% the efficiencies and the cost savings or 00:20:54.520 --> 00:20:56.070 align:start position:0% the efficiencies and the cost savings or perhaps 00:20:56.070 --> 00:20:56.080 align:start position:0% perhaps 00:20:56.080 --> 00:21:00.549 align:start position:0% perhaps both<00:20:57.080> I<00:20:57.240> think<00:20:57.840> uh<00:20:59.039> the<00:20:59.200> question<00:20:59.520> is<00:21:00.200> if<00:21:00.360> I 00:21:00.549 --> 00:21:00.559 align:start position:0% both I think uh the question is if I 00:21:00.559 --> 00:21:02.789 align:start position:0% both I think uh the question is if I recommend<00:21:01.559> going<00:21:01.880> after<00:21:02.200> efficiencies 00:21:02.789 --> 00:21:02.799 align:start position:0% recommend going after efficiencies 00:21:02.799 --> 00:21:05.909 align:start position:0% recommend going after efficiencies versus<00:21:03.240> other<00:21:03.559> things<00:21:04.480> versus<00:21:05.400> beyond<00:21:05.720> the 00:21:05.909 --> 00:21:05.919 align:start position:0% versus other things versus beyond the 00:21:05.919 --> 00:21:13.390 align:start position:0% versus other things versus beyond the efficiencies<00:21:06.919> is<00:21:07.039> that<00:21:07.200> the 00:21:13.390 --> 00:21:13.400 align:start position:0% 00:21:13.400 --> 00:21:16.350 align:start position:0% question<00:21:14.400> what<00:21:14.600> narrative<00:21:15.000> as<00:21:15.120> a<00:21:15.279> startup<00:21:16.279> I 00:21:16.350 --> 00:21:16.360 align:start position:0% question what narrative as a startup I 00:21:16.360 --> 00:21:18.909 align:start position:0% question what narrative as a startup I mean<00:21:16.480> it<00:21:16.559> depends<00:21:16.840> on<00:21:16.960> your<00:21:17.360> capabilities<00:21:18.360> uh 00:21:18.909 --> 00:21:18.919 align:start position:0% mean it depends on your capabilities uh 00:21:18.919 --> 00:21:20.590 align:start position:0% mean it depends on your capabilities uh the<00:21:19.080> truth<00:21:19.400> is<00:21:19.600> that 00:21:20.590 --> 00:21:20.600 align:start position:0% the truth is that 00:21:20.600 --> 00:21:23.350 align:start position:0% the truth is that banks<00:21:21.600> will<00:21:22.120> big<00:21:22.320> companies<00:21:22.720> just<00:21:22.880> not<00:21:23.120> Bank 00:21:23.350 --> 00:21:23.360 align:start position:0% banks will big companies just not Bank 00:21:23.360 --> 00:21:26.789 align:start position:0% banks will big companies just not Bank let<00:21:23.520> not<00:21:24.240> big<00:21:24.799> companies<00:21:25.799> are<00:21:26.200> becoming<00:21:26.559> more 00:21:26.789 --> 00:21:26.799 align:start position:0% let not big companies are becoming more 00:21:26.799 --> 00:21:29.710 align:start position:0% let not big companies are becoming more open<00:21:27.440> to<00:21:27.640> working<00:21:27.960> with<00:21:28.159> small<00:21:28.799> companies<00:21:29.120> and 00:21:29.710 --> 00:21:29.720 align:start position:0% open to working with small companies and 00:21:29.720 --> 00:21:33.029 align:start position:0% open to working with small companies and startups<00:21:30.720> uh<00:21:31.039> for<00:21:31.320> small<00:21:31.799> projects<00:21:32.799> but<00:21:32.919> when 00:21:33.029 --> 00:21:33.039 align:start position:0% startups uh for small projects but when 00:21:33.039 --> 00:21:34.510 align:start position:0% startups uh for small projects but when it<00:21:33.159> comes<00:21:33.360> to<00:21:33.559> bigger<00:21:33.919> projects<00:21:34.320> and 00:21:34.510 --> 00:21:34.520 align:start position:0% it comes to bigger projects and 00:21:34.520 --> 00:21:37.549 align:start position:0% it comes to bigger projects and deployments<00:21:35.360> and<00:21:35.559> Mission<00:21:36.360> critical<00:21:37.360> then 00:21:37.549 --> 00:21:37.559 align:start position:0% deployments and Mission critical then 00:21:37.559 --> 00:21:39.630 align:start position:0% deployments and Mission critical then they<00:21:37.679> will<00:21:37.880> tend<00:21:38.120> to<00:21:38.279> want<00:21:38.400> to<00:21:38.600> work<00:21:39.000> with<00:21:39.360> more 00:21:39.630 --> 00:21:39.640 align:start position:0% they will tend to want to work with more 00:21:39.640 --> 00:21:41.590 align:start position:0% they will tend to want to work with more established<00:21:40.159> players<00:21:40.520> more<00:21:40.720> or<00:21:40.919> less<00:21:41.360> or 00:21:41.590 --> 00:21:41.600 align:start position:0% established players more or less or 00:21:41.600 --> 00:21:43.710 align:start position:0% established players more or less or bigger<00:21:42.000> companies<00:21:42.679> like<00:21:42.840> not<00:21:43.039> a<00:21:43.159> startup<00:21:43.559> with 00:21:43.710 --> 00:21:43.720 align:start position:0% bigger companies like not a startup with 00:21:43.720 --> 00:21:46.549 align:start position:0% bigger companies like not a startup with five<00:21:44.240> people<00:21:45.240> uh<00:21:45.640> so<00:21:45.880> they'll<00:21:46.039> want<00:21:46.159> to<00:21:46.279> see<00:21:46.440> a 00:21:46.549 --> 00:21:46.559 align:start position:0% five people uh so they'll want to see a 00:21:46.559 --> 00:21:47.510 align:start position:0% five people uh so they'll want to see a little<00:21:46.720> bit 00:21:47.510 --> 00:21:47.520 align:start position:0% little bit 00:21:47.520 --> 00:21:51.110 align:start position:0% little bit more<00:21:48.520> uh<00:21:49.240> assurity<00:21:49.880> like<00:21:50.120> Assurance<00:21:50.600> that 00:21:51.110 --> 00:21:51.120 align:start position:0% more uh assurity like Assurance that 00:21:51.120 --> 00:21:53.990 align:start position:0% more uh assurity like Assurance that that<00:21:51.279> the<00:21:51.640> the<00:21:51.760> company<00:21:52.120> is<00:21:52.360> is<00:21:52.720> is<00:21:53.120> uh<00:21:53.840> is 00:21:53.990 --> 00:21:54.000 align:start position:0% that the the company is is is uh is 00:21:54.000 --> 00:21:55.310 align:start position:0% that the the company is is is uh is going<00:21:54.159> to<00:21:54.320> be 00:21:55.310 --> 00:21:55.320 align:start position:0% going to be 00:21:55.320 --> 00:21:59.549 align:start position:0% going to be around<00:21:56.320> um<00:21:57.240> so<00:21:57.600> I<00:21:57.760> think<00:21:58.640> working<00:21:59.039> with<00:21:59.360> with 00:21:59.549 --> 00:21:59.559 align:start position:0% around um so I think working with with 00:21:59.559 --> 00:22:02.230 align:start position:0% around um so I think working with with if<00:21:59.679> you<00:21:59.840> if<00:21:59.919> you<00:22:00.039> have<00:22:00.120> a<00:22:00.240> banking<00:22:01.080> partner<00:22:02.080> uh 00:22:02.230 --> 00:22:02.240 align:start position:0% if you if you have a banking partner uh 00:22:02.240 --> 00:22:03.470 align:start position:0% if you if you have a banking partner uh and<00:22:02.360> a<00:22:02.440> lot<00:22:02.559> of<00:22:02.640> the<00:22:02.760> banks<00:22:03.000> have<00:22:03.200> what<00:22:03.360> is 00:22:03.470 --> 00:22:03.480 align:start position:0% and a lot of the banks have what is 00:22:03.480 --> 00:22:05.470 align:start position:0% and a lot of the banks have what is called<00:22:03.720> Innovation<00:22:04.240> departments<00:22:04.799> now<00:22:05.360> and 00:22:05.470 --> 00:22:05.480 align:start position:0% called Innovation departments now and 00:22:05.480 --> 00:22:07.789 align:start position:0% called Innovation departments now and they<00:22:05.559> are<00:22:05.720> very<00:22:06.120> open-minded<00:22:07.120> find<00:22:07.440> your 00:22:07.789 --> 00:22:07.799 align:start position:0% they are very open-minded find your 00:22:07.799 --> 00:22:10.430 align:start position:0% they are very open-minded find your partner<00:22:08.720> find<00:22:08.960> your<00:22:09.240> Champion<00:22:09.960> within<00:22:10.279> that 00:22:10.430 --> 00:22:10.440 align:start position:0% partner find your Champion within that 00:22:10.440 --> 00:22:12.830 align:start position:0% partner find your Champion within that bank<00:22:10.720> or<00:22:10.880> within<00:22:11.159> that<00:22:11.320> big<00:22:11.520> company<00:22:12.520> and<00:22:12.679> and 00:22:12.830 --> 00:22:12.840 align:start position:0% bank or within that big company and and 00:22:12.840 --> 00:22:15.470 align:start position:0% bank or within that big company and and let<00:22:13.000> them<00:22:13.159> be<00:22:13.320> your<00:22:13.520> Champion<00:22:14.200> internally<00:22:15.200> and 00:22:15.470 --> 00:22:15.480 align:start position:0% let them be your Champion internally and 00:22:15.480 --> 00:22:17.990 align:start position:0% let them be your Champion internally and and<00:22:15.799> experiment<00:22:16.799> and<00:22:16.960> and<00:22:17.080> then<00:22:17.240> go<00:22:17.400> from 00:22:17.990 --> 00:22:18.000 align:start position:0% and experiment and and then go from 00:22:18.000 --> 00:22:21.190 align:start position:0% and experiment and and then go from there<00:22:19.000> uh<00:22:19.760> but 00:22:21.190 --> 00:22:21.200 align:start position:0% there uh but 00:22:21.200 --> 00:22:23.190 align:start position:0% there uh but uh<00:22:22.200> that<00:22:22.360> that's<00:22:22.480> what<00:22:22.640> I<00:22:22.679> would<00:22:22.799> suggest<00:22:23.080> you 00:22:23.190 --> 00:22:23.200 align:start position:0% uh that that's what I would suggest you 00:22:23.200 --> 00:22:25.269 align:start position:0% uh that that's what I would suggest you do<00:22:23.400> and<00:22:23.520> I<00:22:23.600> think<00:22:23.720> we're<00:22:24.039> out<00:22:24.200> of<00:22:24.440> time<00:22:25.039> so 00:22:25.269 --> 00:22:25.279 align:start position:0% do and I think we're out of time so 00:22:25.279 --> 00:22:31.700 align:start position:0% do and I think we're out of time so thanks<00:22:25.720> again<00:22:26.720> thank<00:22:26.840> you 00:22:31.700 --> 00:22:31.710 align:start position:0% 00:22:31.710 --> 00:22:36.039 align:start position:0% [Music]