WEBVTT
Kind: captions
Language: en

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[Applause]

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so<00:00:11.650><c> I'm</c><00:00:12.520><c> electron</c><00:00:13.389><c> and</c><00:00:13.690><c> I'm</c><00:00:13.960><c> going</c><00:00:14.080><c> to</c><00:00:14.139><c> be</c>

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so I'm electron and I'm going to be
 

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so I'm electron and I'm going to be
talking<00:00:14.559><c> about</c><00:00:14.740><c> some</c><00:00:15.160><c> work</c>

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or<00:00:25.180><c> the</c><00:00:25.420><c> accreditation</c><00:00:26.790><c> sort</c><00:00:27.790><c> of</c><00:00:27.850><c> like</c><00:00:29.310><c> it's</c>

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or the accreditation sort of like it's
 

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or the accreditation sort of like it's
not<00:00:30.460><c> particularly</c><00:00:30.880><c> glamorous</c><00:00:31.720><c> or</c><00:00:31.900><c> quite</c><00:00:32.140><c> as</c>

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not particularly glamorous or quite as
 

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not particularly glamorous or quite as
kinda<00:00:32.500><c> necessary</c><00:00:32.619><c> work</c><00:00:33.100><c> to</c><00:00:33.130><c> get</c><00:00:33.430><c> like</c>

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sq<00:00:37.920><c> it</c><00:00:38.100><c> like</c><00:00:38.280><c> making</c><00:00:38.820><c> sure</c><00:00:39.000><c> we</c><00:00:39.120><c> have</c><00:00:39.270><c> a</c><00:00:39.600><c> kind</c><00:00:40.110><c> of</c>

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sq it like making sure we have a kind of
 

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sq it like making sure we have a kind of
decentralized<00:00:40.770><c> Larry</c><00:00:43.550><c> talked</c><00:00:44.550><c> a</c><00:00:44.580><c> little</c><00:00:44.790><c> bit</c>

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decentralized Larry talked a little bit
 

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decentralized Larry talked a little bit
about<00:00:45.530><c> about</c><00:00:46.530><c> the</c><00:00:46.680><c> problem</c><00:00:47.720><c> probably</c><00:00:48.720><c> what</c>

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about about the problem probably what
 

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about about the problem probably what
spent<00:00:49.290><c> too</c><00:00:49.350><c> much</c><00:00:49.440><c> on</c><00:00:49.590><c> that</c><00:00:49.800><c> assignment</c><00:00:50.070><c> they</c>

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spent too much on that assignment they
 

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spent too much on that assignment they
are<00:00:50.640><c> familiar</c><00:00:50.790><c> but</c><00:00:51.060><c> and</c><00:00:51.870><c> I'm</c><00:00:52.020><c> going</c><00:00:52.230><c> to</c><00:00:52.260><c> talk</c>

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are familiar but and I'm going to talk
 

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are familiar but and I'm going to talk
about<00:00:52.650><c> what</c><00:00:52.800><c> we</c><00:00:53.520><c> know</c><00:00:53.700><c> so</c><00:00:53.760><c> far</c><00:00:53.940><c> and</c><00:00:54.540><c> what</c><00:00:54.660><c> the</c>

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about what we know so far and what the
 

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about what we know so far and what the
next<00:00:55.050><c> steps</c><00:00:55.260><c> are</c>

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next steps are
 

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next steps are
okay<00:00:58.230><c> so</c><00:00:59.330><c> this</c><00:01:00.330><c> is</c><00:01:00.510><c> like</c><00:01:00.540><c> a</c><00:01:00.720><c> parody</c><00:01:01.220><c> created</c><00:01:02.220><c> a</c>

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okay so this is like a parody created a
 

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okay so this is like a parody created a
background

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background
 

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background
I'm<00:01:05.489><c> actually</c><00:01:05.640><c> really</c><00:01:06.060><c> excited</c><00:01:06.720><c> about</c><00:01:07.260><c> this</c>

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I'm actually really excited about this
 

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I'm actually really excited about this
in<00:01:08.610><c> particular</c><00:01:08.760><c> because</c><00:01:09.740><c> it's</c><00:01:10.740><c> one</c><00:01:10.950><c> of</c><00:01:10.980><c> those</c>

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in particular because it's one of those
 

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in particular because it's one of those
things<00:01:11.460><c> that</c><00:01:11.580><c> is</c><00:01:11.940><c> pretty</c><00:01:12.650><c> obviously</c>

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things that is pretty obviously
 

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things that is pretty obviously
different<00:01:14.190><c> on</c><00:01:14.370><c> change</c><00:01:14.670><c> which</c><00:01:14.940><c> is</c><00:01:15.090><c> exactly</c><00:01:15.570><c> my</c>

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different on change which is exactly my
 

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different on change which is exactly my
option<00:01:17.900><c> like</c><00:01:18.900><c> in</c><00:01:18.960><c> privacy</c><00:01:19.620><c> in</c><00:01:19.680><c> particular</c><00:01:20.190><c> you</c>

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option like in privacy in particular you
 

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option like in privacy in particular you
really<00:01:20.580><c> don't</c><00:01:20.820><c> want</c><00:01:21.120><c> people</c><00:01:21.930><c> to</c><00:01:22.229><c> see</c><00:01:22.440><c> what</c>

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really don't want people to see what
 

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really don't want people to see what
you're<00:01:22.770><c> doing</c><00:01:23.040><c> and</c><00:01:23.250><c> so</c><00:01:23.640><c> trusting</c><00:01:24.120><c> someone</c><00:01:24.360><c> to</c>

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you're doing and so trusting someone to
 

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you're doing and so trusting someone to
mix<00:01:24.960><c> your</c><00:01:25.080><c> plans</c><00:01:25.350><c> like</c><00:01:25.680><c> trusting</c><00:01:26.010><c> a</c><00:01:26.130><c> soccer</c>

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mix your plans like trusting a soccer
 

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mix your plans like trusting a soccer
ball<00:01:26.490><c> or</c><00:01:26.670><c> some</c><00:01:27.000><c> Tyga</c>

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ball or some Tyga
 

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ball or some Tyga
makes<00:01:28.830><c> for</c><00:01:29.070><c> a</c><00:01:29.130><c> completely</c><00:01:29.550><c> different</c><00:01:29.729><c> user</c>

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makes for a completely different user
 

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makes for a completely different user
experience<00:01:30.450><c> as</c><00:01:30.930><c> something</c><00:01:31.320><c> that</c><00:01:31.350><c> is</c>

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experience as something that is
 

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experience as something that is
completely<00:01:32.160><c> trust</c><00:01:32.580><c> us</c><00:01:32.729><c> and</c><00:01:32.910><c> you're</c><00:01:33.030><c> like</c>

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completely trust us and you're like
 

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completely trust us and you're like
buying<00:01:33.360><c> a</c><00:01:33.540><c> comic</c><00:01:34.020><c> book</c><00:01:34.200><c> site</c><00:01:35.270><c> so</c><00:01:36.270><c> just</c><00:01:36.840><c> just</c>

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buying a comic book site so just just
 

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buying a comic book site so just just
real<00:01:37.380><c> quick</c><00:01:37.619><c> overview</c><00:01:37.920><c> how</c><00:01:38.400><c> these</c><00:01:38.550><c> things</c>

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real quick overview how these things
 

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real quick overview how these things
work<00:01:39.030><c> you</c><00:01:39.800><c> put</c><00:01:40.800><c> money</c><00:01:40.920><c> into</c><00:01:41.130><c> the</c><00:01:41.250><c> contract</c><00:01:41.640><c> and</c>

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work you put money into the contract and
 

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work you put money into the contract and
then<00:01:42.420><c> say</c><00:01:43.290><c> oh</c><00:01:43.320><c> I</c><00:01:43.820><c> see</c><00:01:44.820><c> you</c><00:01:44.940><c> are</c><00:01:45.030><c> a</c><00:01:45.380><c> DC</c><00:01:46.380><c> and</c><00:01:46.590><c> the</c>

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then say oh I see you are a DC and the
 

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then say oh I see you are a DC and the
wife<00:01:46.890><c> who</c><00:01:47.490><c> I</c><00:01:47.580><c> am</c><00:01:47.790><c> and</c><00:01:48.240><c> then</c><00:01:48.690><c> later</c><00:01:48.899><c> a</c><00:01:49.290><c> crime</c>

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wife who I am and then later a crime
 

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wife who I am and then later a crime
from<00:01:49.860><c> another</c><00:01:50.250><c> address</c><00:01:50.550><c> in</c><00:01:51.030><c> jeopardy</c><00:01:51.240><c> proof</c>

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from another address in jeopardy proof
 

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from another address in jeopardy proof
as<00:01:52.229><c> their</c><00:01:52.440><c> knowledge</c><00:01:52.680><c> group</c><00:01:52.830><c> that</c><00:01:52.950><c> says</c><00:01:53.100><c> you</c>

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as their knowledge group that says you
 

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as their knowledge group that says you
are<00:01:53.369><c> one</c><00:01:53.640><c> of</c><00:01:53.759><c> those</c><00:01:53.910><c> people</c>

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are one of those people
 

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are one of those people
about<00:01:55.150><c> saying</c><00:01:55.390><c> that</c><00:01:55.540><c> one</c><00:01:55.750><c> that</c><00:01:56.500><c> entitles</c><00:01:56.920><c> you</c>

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about saying that one that entitles you
 

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about saying that one that entitles you
to<00:01:57.100><c> some</c><00:01:57.370><c> of</c><00:01:57.460><c> that</c><00:01:57.550><c> with</c><00:01:57.730><c> you</c>

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to some of that with you
 

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to some of that with you
and<00:01:58.180><c> so</c><00:01:58.900><c> to</c><00:01:59.860><c> someone</c><00:02:00.220><c> looking</c><00:02:00.310><c> you</c><00:02:01.030><c> know</c><00:02:01.120><c> some</c>

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and so to someone looking you know some
 

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and so to someone looking you know some
of<00:02:01.360><c> you</c><00:02:01.600><c> might</c><00:02:01.810><c> get</c><00:02:02.020><c> like</c><00:02:02.320><c> a</c><00:02:02.380><c> chance</c><00:02:02.770><c> or</c><00:02:02.980><c> so</c>

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of you might get like a chance or so
 

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of you might get like a chance or so
quick<00:02:03.340><c> that</c><00:02:03.370><c> look</c><00:02:03.640><c> against</c><00:02:03.910><c> in</c><00:02:04.720><c> the</c><00:02:04.810><c> network</c>

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quick that look against in the network
 

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quick that look against in the network
and<00:02:05.290><c> kind</c><00:02:05.470><c> of</c><00:02:05.500><c> analyze</c><00:02:05.650><c> like</c><00:02:06.010><c> whose</c><00:02:06.700><c> money</c><00:02:06.940><c> is</c>

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and kind of analyze like whose money is
 

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and kind of analyze like whose money is
whose<00:02:07.270><c> baby</c><00:02:07.750><c> for</c><00:02:09.000><c> $10,000</c>

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so<00:02:14.019><c> every</c><00:02:15.019><c> operative</c>

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so every operative
 

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so every operative
so<00:02:20.170><c> realign</c><00:02:21.170><c> the</c><00:02:21.530><c> layers</c><00:02:21.710><c> at</c><00:02:21.950><c> all</c><00:02:22.100><c> or</c><00:02:22.610><c> even</c>

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so realign the layers at all or even
 

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so realign the layers at all or even
necessary<00:02:24.280><c> so</c><00:02:25.280><c> one</c><00:02:25.820><c> of</c><00:02:25.850><c> the</c><00:02:26.410><c> main</c><00:02:27.490><c> things</c><00:02:28.490><c> that</c>

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necessary so one of the main things that
 

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necessary so one of the main things that
I've<00:02:29.540><c> heard</c><00:02:29.720><c> that</c><00:02:29.960><c> people</c><00:02:30.260><c> want</c><00:02:30.380><c> to</c><00:02:30.440><c> do</c><00:02:30.500><c> is</c>

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I've heard that people want to do is
 

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I've heard that people want to do is
happening<00:02:31.100><c> for</c><00:02:31.250><c> it</c><00:02:31.430><c> is</c><00:02:32.950><c> funding</c><00:02:33.950><c> addresses</c>

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happening for it is funding addresses
 

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happening for it is funding addresses
that<00:02:34.850><c> are</c><00:02:35.120><c> not</c><00:02:35.330><c> associated</c><00:02:35.690><c> with</c><00:02:35.960><c> any</c><00:02:36.080><c> of</c><00:02:36.230><c> the</c>

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that are not associated with any of the
 

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that are not associated with any of the
addresses<00:02:36.440><c> in</c><00:02:36.740><c> current</c><00:02:37.130><c> you</c><00:02:37.250><c> know</c><00:02:37.280><c> with</c><00:02:37.820><c> you</c>

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addresses in current you know with you
 

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addresses in current you know with you
so<00:02:38.360><c> you</c><00:02:38.450><c> can</c><00:02:38.570><c> like</c><00:02:38.720><c> interacted</c><00:02:39.290><c> Emily</c><00:02:39.880><c> so</c><00:02:40.880><c> in</c>

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so you can like interacted Emily so in
 

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so you can like interacted Emily so in
this<00:02:41.030><c> case</c><00:02:41.240><c> let's</c><00:02:41.450><c> say</c><00:02:41.600><c> a</c><00:02:41.840><c> is</c><00:02:42.560><c> long</c><00:02:42.740><c> addressed</c>

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this case let's say a is long addressed
 

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this case let's say a is long addressed
a<00:02:43.190><c> perhaps</c><00:02:43.370><c> how</c><00:02:43.610><c> they're</c><00:02:43.760><c> dressed</c><00:02:43.880><c> on</c><00:02:44.150><c> a</c><00:02:44.180><c> fun</c>

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a perhaps how they're dressed on a fun
 

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a perhaps how they're dressed on a fun
date<00:02:44.510><c> crime</c><00:02:44.750><c> and</c><00:02:45.140><c> you</c><00:02:45.890><c> put</c><00:02:46.040><c> money</c><00:02:46.190><c> in</c><00:02:46.370><c> a</c><00:02:46.640><c> crime</c>

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date crime and you put money in a crime
 

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date crime and you put money in a crime
that<00:02:47.510><c> has</c><00:02:47.870><c> to</c><00:02:48.020><c> withdraw</c><00:02:48.800><c> money</c><00:02:49.160><c> with</c><00:02:49.490><c> this</c>

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that has to withdraw money with this
 

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that has to withdraw money with this
they're<00:02:50.420><c> not</c><00:02:50.630><c> proof</c><00:02:50.930><c> but</c><00:02:51.170><c> I</c><00:02:51.500><c> they</c><00:02:52.160><c> have</c>

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they're not proof but I they have
 

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they're not proof but I they have
therapy<00:02:54.340><c> and</c><00:02:55.340><c> so</c><00:02:55.520><c> that</c><00:02:55.670><c> is</c><00:02:56.470><c> that's</c><00:02:57.470><c> what</c>

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therapy and so that is that's what
 

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therapy and so that is that's what
really<00:02:57.800><c> come</c><00:02:58.220><c> in</c><00:02:58.930><c> says</c><00:02:59.930><c> this</c><00:03:00.410><c> also</c><00:03:00.590><c> isn't</c><00:03:00.830><c> like</c>

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really come in says this also isn't like
 

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really come in says this also isn't like
any<00:03:01.760><c> like</c><00:03:01.910><c> it's</c><00:03:03.850><c> like</c><00:03:04.850><c> many</c><00:03:05.120><c> many</c><00:03:05.390><c> projects</c>

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any like it's like many many projects
 

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any like it's like many many projects
apply<00:03:05.990><c> with</c><00:03:06.140><c> many</c><00:03:06.320><c> transactions</c>

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apply with many transactions
 

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apply with many transactions
transactions<00:03:07.550><c> traction</c><00:03:08.320><c> the</c><00:03:09.320><c> idea</c><00:03:09.650><c> is</c><00:03:09.920><c> for</c>

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transactions traction the idea is for
 

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transactions traction the idea is for
certain<00:03:10.790><c> things</c><00:03:10.940><c> you</c><00:03:11.150><c> might</c><00:03:11.330><c> want</c><00:03:11.600><c> a</c><00:03:11.720><c> third</c>

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certain things you might want a third
 

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certain things you might want a third
party<00:03:12.320><c> to</c><00:03:12.500><c> run</c><00:03:12.650><c> transaction</c><00:03:13.280><c> tree</c><00:03:13.430><c> so</c><00:03:14.390><c> this</c><00:03:14.720><c> is</c>

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party to run transaction tree so this is
 

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party to run transaction tree so this is
what<00:03:15.770><c> that</c><00:03:15.800><c> you</c><00:03:16.400><c> kind</c><00:03:16.880><c> of</c><00:03:17.000><c> like</c><00:03:17.290><c> transaction</c>

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what that you kind of like transaction
 

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what that you kind of like transaction
boat<00:03:18.440><c> looks</c><00:03:18.590><c> like</c><00:03:18.650><c> so</c><00:03:19.280><c> a</c><00:03:19.550><c> lot</c><00:03:19.940><c> of</c><00:03:19.970><c> my</c><00:03:20.209><c> name</c><00:03:20.360><c> the</c>

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boat looks like so a lot of my name the
 

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boat looks like so a lot of my name the
contract<00:03:20.900><c> presents</c><00:03:21.860><c> a</c><00:03:21.920><c> sign</c><00:03:22.130><c> transaction</c><00:03:22.820><c> BRE</c>

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contract presents a sign transaction BRE
 

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contract presents a sign transaction BRE
layer<00:03:23.360><c> and</c><00:03:23.870><c> then</c><00:03:24.080><c> once</c><00:03:24.680><c> a</c><00:03:24.830><c> transaction</c><00:03:25.070><c> on</c><00:03:25.430><c> the</c>

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layer and then once a transaction on the
 

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layer and then once a transaction on the
graph<00:03:25.940><c> and</c><00:03:26.810><c> then</c><00:03:27.050><c> all</c><00:03:27.500><c> the</c><00:03:27.650><c> course</c><00:03:27.950><c> that</c>

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graph and then all the course that
 

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graph and then all the course that
transaction<00:03:28.640><c> when</c><00:03:29.300><c> it</c><00:03:29.390><c> comes</c><00:03:29.570><c> out</c><00:03:29.750><c> to</c><00:03:29.870><c> gate</c>

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transaction when it comes out to gate
 

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transaction when it comes out to gate
crime<00:03:30.290><c> and</c><00:03:31.040><c> not</c><00:03:31.220><c> picture</c><00:03:31.670><c> but</c><00:03:31.910><c> some</c><00:03:32.300><c> of</c><00:03:32.390><c> that</c>

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crime and not picture but some of that
 

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crime and not picture but some of that
money

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money
 

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money
this<00:03:38.210><c> is</c><00:03:39.210><c> kind</c><00:03:39.510><c> of</c><00:03:39.540><c> the</c><00:03:39.630><c> case</c><00:03:39.870><c> I</c><00:03:40.260><c> try</c><00:03:40.740><c> to</c><00:03:40.860><c> make</c>

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this is kind of the case I try to make
 

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this is kind of the case I try to make
because<00:03:41.370><c> that's</c><00:03:42.440><c> the</c><00:03:43.440><c> central</c><00:03:43.770><c> relayer</c>

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because that's the central relayer
 

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because that's the central relayer
defeats<00:03:45.420><c> part</c><00:03:45.720><c> of</c><00:03:45.810><c> the</c><00:03:45.870><c> purpose</c><00:03:46.200><c> of</c><00:03:46.350><c> the</c>

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defeats part of the purpose of the
 

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defeats part of the purpose of the
trustus<00:03:46.710><c> mixer</c><00:03:47.150><c> and</c><00:03:48.150><c> a</c><00:03:48.360><c> lot</c><00:03:48.510><c> of</c><00:03:48.600><c> the</c><00:03:48.660><c> projects</c>

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trustus mixer and a lot of the projects
 

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trustus mixer and a lot of the projects
all<00:03:49.800><c> of</c><00:03:50.010><c> implementers</c><00:03:50.490><c> some</c><00:03:50.880><c> of</c><00:03:50.940><c> that</c><00:03:51.030><c> here</c>

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all of implementers some of that here
 

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all of implementers some of that here
right<00:03:51.330><c> now</c><00:03:51.800><c> are</c><00:03:52.800><c> obviously</c><00:03:53.610><c> shipping</c><00:03:54.030><c> with</c>

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right now are obviously shipping with
 

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right now are obviously shipping with
the<00:03:54.180><c> singles</c><00:03:54.600><c> then</c><00:03:54.720><c> for</c><00:03:54.870><c> mixer</c><00:03:55.140><c> reaches</c><00:03:55.440><c> I</c>

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the singles then for mixer reaches I
 

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the singles then for mixer reaches I
think<00:03:55.800><c> you</c><00:03:56.460><c> know</c><00:03:56.550><c> when</c><00:03:56.790><c> you're</c><00:03:56.940><c> shipping</c><00:03:57.270><c> them</c>

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think you know when you're shipping them
 

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think you know when you're shipping them
you<00:03:57.690><c> kind</c><00:03:58.170><c> of</c><00:03:58.290><c> run</c><00:03:58.440><c> a</c><00:03:58.470><c> ship</c><00:03:58.560><c> like</c><00:03:59.520><c> the</c><00:04:01.070><c> parts</c>

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you kind of run a ship like the parts
 

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you kind of run a ship like the parts
that<00:04:02.130><c> you</c><00:04:02.310><c> really</c><00:04:02.550><c> want</c><00:04:02.760><c> to</c><00:04:02.880><c> test</c><00:04:03.180><c> initially</c>

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that you really want to test initially
 

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that you really want to test initially
so<00:04:05.460><c> it</c><00:04:05.550><c> makes</c><00:04:05.700><c> sense</c><00:04:05.790><c> maybe</c><00:04:06.180><c> not</c><00:04:06.420><c> to</c><00:04:06.600><c> do</c><00:04:06.750><c> like</c><00:04:06.960><c> a</c>

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so it makes sense maybe not to do like a
 

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so it makes sense maybe not to do like a
fully<00:04:07.350><c> featured</c><00:04:07.590><c> they</c><00:04:08.490><c> had</c><00:04:08.730><c> lunch</c><00:04:08.970><c> but</c><00:04:10.760><c> an</c><00:04:11.760><c> act</c>

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fully featured they had lunch but an act
 

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fully featured they had lunch but an act
like<00:04:12.300><c> a</c><00:04:12.420><c> single</c><00:04:12.930><c> a</c><00:04:13.440><c> single</c><00:04:14.160><c> real</c><00:04:14.370><c> eros</c><00:04:14.760><c> that's</c>

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like a single a single real eros that's
 

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like a single a single real eros that's
to<00:04:15.510><c> problem</c><00:04:15.900><c> someone</c><00:04:18.140><c> from</c><00:04:19.140><c> a</c><00:04:19.230><c> user</c>

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to problem someone from a user
 

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to problem someone from a user
perspective<00:04:19.739><c> if</c><00:04:20.340><c> you</c><00:04:20.520><c> know</c><00:04:20.730><c> that</c><00:04:21.270><c> the</c><00:04:21.630><c> company</c>

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perspective if you know that the company
 

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perspective if you know that the company
running<00:04:22.740><c> the</c><00:04:22.770><c> relay</c><00:04:23.070><c> is</c><00:04:23.130><c> the</c><00:04:23.280><c> same</c><00:04:23.490><c> as</c><00:04:23.580><c> their</c>

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running the relay is the same as their
 

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running the relay is the same as their
company<00:04:24.060><c> kind</c><00:04:24.240><c> of</c><00:04:24.330><c> like</c><00:04:24.540><c> serving</c><00:04:25.140><c> your</c><00:04:25.350><c> client</c>

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company kind of like serving your client
 

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company kind of like serving your client
code<00:04:25.860><c> or</c><00:04:26.130><c> interacting</c><00:04:26.610><c> for</c><00:04:26.700><c> the</c><00:04:26.760><c> mixer</c>

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code or interacting for the mixer
 

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code or interacting for the mixer
there's<00:04:28.230><c> no</c><00:04:28.500><c> way</c><00:04:28.740><c> for</c><00:04:28.770><c> you</c><00:04:29.190><c> to</c><00:04:29.220><c> know</c><00:04:29.490><c> that</c>

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there's no way for you to know that
 

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there's no way for you to know that
there<00:04:30.690><c> isn't</c><00:04:30.840><c> some</c><00:04:31.140><c> communication</c><00:04:31.800><c> going</c><00:04:31.920><c> on</c>

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there isn't some communication going on
 

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there isn't some communication going on
there<00:04:32.340><c> or</c><00:04:32.700><c> even</c><00:04:33.600><c> more</c><00:04:33.780><c> kind</c><00:04:34.080><c> of</c><00:04:34.140><c> variously</c>

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there or even more kind of variously
 

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there or even more kind of variously
than<00:04:34.860><c> like</c><00:04:35.100><c> the</c><00:04:35.610><c> relay</c><00:04:35.910><c> or</c><00:04:35.940><c> some</c>

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than like the relay or some
 

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than like the relay or some
communication<00:04:36.870><c> going</c><00:04:36.900><c> on</c><00:04:37.260><c> behind</c><00:04:37.500><c> the</c><00:04:37.800><c> scenes</c>

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communication going on behind the scenes
 

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communication going on behind the scenes
like<00:04:38.970><c> from</c><00:04:39.270><c> deep</c><00:04:39.480><c> web</c><00:04:39.900><c> service</c><00:04:40.260><c> certain</c>

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like from deep web service certain
 

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like from deep web service certain
client<00:04:40.860><c> goes</c><00:04:40.980><c> are</c><00:04:41.190><c> you</c><00:04:41.310><c> later</c><00:04:41.520><c> and</c><00:04:41.820><c> if</c><00:04:42.150><c> there's</c>

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client goes are you later and if there's
 

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client goes are you later and if there's
like<00:04:42.450><c> some</c><00:04:42.480><c> pattern</c><00:04:43.170><c> and</c><00:04:43.470><c> how</c><00:04:43.650><c> like</c><00:04:44.490><c> the</c><00:04:45.120><c> time</c>

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like some pattern and how like the time
 

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like some pattern and how like the time
between<00:04:45.660><c> deposit</c><00:04:46.380><c> and</c><00:04:46.470><c> withdrawal</c><00:04:46.830><c> like</c><00:04:47.250><c> in</c>

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between deposit and withdrawal like in
 

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between deposit and withdrawal like in
the<00:04:47.490><c> client</c><00:04:47.790><c> goes</c><00:04:47.910><c> and</c><00:04:48.120><c> the</c><00:04:48.180><c> relay</c><00:04:48.450><c> might</c><00:04:48.690><c> go</c>

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the client goes and the relay might go
 

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the client goes and the relay might go
figure<00:04:49.080><c> out</c><00:04:49.200><c> who</c><00:04:49.350><c> you</c><00:04:49.500><c> are</c>

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figure out who you are
 

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figure out who you are
another<00:04:51.870><c> thing</c><00:04:52.110><c> is</c><00:04:52.260><c> obviously</c><00:04:52.670><c> if</c><00:04:53.670><c> you</c><00:04:53.850><c> have</c><00:04:53.970><c> a</c>

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another thing is obviously if you have a
 

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another thing is obviously if you have a
single

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single
 

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single
make<00:04:55.460><c> sure</c><00:04:55.580><c> this</c><00:04:56.620><c> censorship</c><00:04:57.620><c> issues</c><00:04:58.310><c> with</c>

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make sure this censorship issues with
 

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make sure this censorship issues with
artificially<00:04:59.600><c> high</c><00:04:59.690><c> fees</c><00:05:00.100><c> so</c><00:05:01.100><c> ideally</c><00:05:01.550><c> we</c>

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artificially high fees so ideally we
 

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artificially high fees so ideally we
would<00:05:02.720><c> have</c><00:05:02.840><c> many</c><00:05:03.320><c> related</c><00:05:03.740><c> survey</c><00:05:06.130><c> so</c><00:05:07.130><c> that</c>

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would have many related survey so that
 

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would have many related survey so that
is<00:05:07.400><c> what</c><00:05:08.150><c> we're</c><00:05:08.330><c> trying</c><00:05:08.690><c> to</c><00:05:08.870><c> solve</c><00:05:09.080><c> a</c>

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is what we're trying to solve a
 

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is what we're trying to solve a
surrogate<00:05:10.270><c> it's</c><00:05:12.400><c> we're</c><00:05:13.400><c> currently</c><00:05:13.670><c> in</c><00:05:13.880><c> the</c>

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surrogate it's we're currently in the
 

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surrogate it's we're currently in the
front<00:05:14.180><c> in</c><00:05:14.270><c> the</c><00:05:14.300><c> process</c><00:05:14.750><c> of</c><00:05:14.840><c> integrating</c><00:05:15.170><c> with</c>

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front in the process of integrating with
 

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front in the process of integrating with
one<00:05:15.590><c> mixer</c><00:05:15.970><c> we're</c><00:05:16.970><c> looking</c><00:05:17.240><c> integrated</c><00:05:17.750><c> with</c>

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one mixer we're looking integrated with
 

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one mixer we're looking integrated with
everyone<00:05:18.140><c> else</c><00:05:18.430><c> so</c><00:05:19.430><c> it's</c><00:05:19.580><c> like</c><00:05:19.700><c> pretty</c><00:05:19.850><c> I</c><00:05:20.270><c> was</c>

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everyone else so it's like pretty I was
 

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everyone else so it's like pretty I was
a<00:05:20.570><c> pretty</c><00:05:20.750><c> alpha</c><00:05:21.140><c> stage</c><00:05:21.410><c> but</c><00:05:21.950><c> the</c><00:05:22.280><c> ideas</c><00:05:22.790><c> are</c>

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a pretty alpha stage but the ideas are
 

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a pretty alpha stage but the ideas are
that<00:05:23.480><c> like</c><00:05:23.690><c> anyone</c><00:05:24.020><c> like</c><00:05:24.530><c> you</c><00:05:24.710><c> or</c><00:05:24.830><c> I</c><00:05:24.890><c> could</c>

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that like anyone like you or I could
 

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that like anyone like you or I could
just<00:05:25.490><c> run</c><00:05:26.260><c> like</c><00:05:27.260><c> a</c><00:05:27.290><c> docker</c><00:05:27.620><c> container</c><00:05:28.130><c> that</c>

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just run like a docker container that
 

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just run like a docker container that
isn't<00:05:28.669><c> really</c><00:05:29.030><c> there</c><00:05:29.120><c> and</c><00:05:29.720><c> you</c><00:05:29.930><c> can</c><00:05:30.140><c> really</c><00:05:30.530><c> be</c>

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isn't really there and you can really be
 

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isn't really there and you can really be
a<00:05:30.740><c> part</c><00:05:31.070><c> of</c><00:05:31.160><c> this</c><00:05:31.250><c> network</c><00:05:31.750><c> any</c><00:05:33.130><c> existing</c>

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a part of this network any existing
 

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a part of this network any existing
mixer<00:05:34.430><c> doesn't</c><00:05:34.730><c> need</c><00:05:34.820><c> to</c><00:05:34.940><c> change</c><00:05:35.060><c> their</c>

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mixer doesn't need to change their
 

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mixer doesn't need to change their
contracts<00:05:35.660><c> any</c><00:05:35.840><c> way</c><00:05:36.020><c> to</c><00:05:36.080><c> use</c><00:05:36.620><c> this</c><00:05:36.770><c> and</c><00:05:37.070><c> just</c>

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contracts any way to use this and just
 

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contracts any way to use this and just
has<00:05:37.970><c> to</c><00:05:38.090><c> change</c><00:05:38.270><c> the</c><00:05:38.450><c> client</c><00:05:38.720><c> code</c><00:05:38.840><c> like</c>

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has to change the client code like
 

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has to change the client code like
change<00:05:39.740><c> literally</c><00:05:40.460><c> install</c><00:05:40.760><c> NPM</c><00:05:40.970><c> package</c><00:05:41.510><c> a</c>

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change literally install NPM package a
 

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change literally install NPM package a
change<00:05:41.810><c> on</c><00:05:41.990><c> the</c><00:05:42.080><c> fly</c><00:05:42.110><c> everywhere</c>

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so<00:05:46.129><c> this</c><00:05:46.250><c> is</c><00:05:46.370><c> this</c><00:05:46.550><c> part</c><00:05:46.610><c> of</c><00:05:46.879><c> I'll</c><00:05:47.150><c> kind</c><00:05:47.300><c> of</c><00:05:47.330><c> go</c>

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so this is this part of I'll kind of go
 

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so this is this part of I'll kind of go
over<00:05:47.629><c> the</c><00:05:47.810><c> main</c><00:05:47.960><c> parts</c><00:05:48.289><c> of</c><00:05:48.729><c> what</c><00:05:49.729><c> this</c><00:05:49.849><c> is</c><00:05:50.949><c> my</c><00:05:51.949><c> I</c>

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over the main parts of what this is my I
 

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over the main parts of what this is my I
might<00:05:52.370><c> try</c><00:05:52.520><c> to</c><00:05:52.639><c> actually</c><00:05:52.819><c> speed</c><00:05:53.240><c> through</c><00:05:53.449><c> this</c>

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might try to actually speed through this
 

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might try to actually speed through this
little<00:05:56.710><c> it's</c><00:05:57.710><c> a</c><00:05:57.800><c> little</c><00:05:58.039><c> little</c><00:05:58.250><c> technical</c>

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little it's a little little technical
 

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little it's a little little technical
and<00:05:58.879><c> and</c><00:05:59.150><c> we've</c><00:05:59.780><c> more</c><00:05:59.990><c> time</c><00:06:00.199><c> for</c><00:06:00.409><c> questions</c>

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and and we've more time for questions
 

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and and we've more time for questions
well<00:06:02.150><c> this</c><00:06:02.240><c> is</c><00:06:02.360><c> kind</c><00:06:02.539><c> of</c><00:06:02.599><c> like</c><00:06:02.810><c> analog</c><00:06:03.710><c> the</c>

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well this is kind of like analog the
 

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well this is kind of like analog the
previous<00:06:04.129><c> diagram</c><00:06:04.280><c> we</c><00:06:04.669><c> looked</c><00:06:04.819><c> at</c><00:06:04.970><c> where</c>

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previous diagram we looked at where
 

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previous diagram we looked at where
you've<00:06:05.270><c> got</c><00:06:05.389><c> like</c><00:06:05.650><c> someone</c><00:06:06.650><c> is</c><00:06:06.830><c> trying</c><00:06:06.860><c> to</c>

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you've got like someone is trying to
 

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you've got like someone is trying to
interact<00:06:07.490><c> with</c><00:06:07.550><c> the</c><00:06:07.699><c> mixer</c><00:06:08.000><c> you</c><00:06:08.569><c> know</c><00:06:08.659><c> makes</c><00:06:08.900><c> a</c>

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interact with the mixer you know makes a
 

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interact with the mixer you know makes a
contradictory<00:06:09.349><c> layer</c><00:06:09.710><c> and</c><00:06:10.449><c> we're</c><00:06:11.449><c> adding</c>

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contradictory layer and we're adding
 

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contradictory layer and we're adding
these<00:06:12.830><c> four</c><00:06:13.280><c> components</c><00:06:14.169><c> the</c><00:06:15.169><c> really</c><00:06:15.680><c> deep</c>

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these four components the really deep
 

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these four components the really deep
parts<00:06:16.310><c> are</c><00:06:16.610><c> the</c><00:06:17.449><c> clients</c><00:06:17.960><c> which</c><00:06:18.440><c> is</c><00:06:18.560><c> like</c><00:06:18.710><c> an</c>

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parts are the clients which is like an
 

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parts are the clients which is like an
NPM<00:06:19.099><c> package</c><00:06:19.460><c> they</c><00:06:19.639><c> put</c><00:06:19.909><c> in</c><00:06:20.030><c> a</c><00:06:20.180><c> wallet</c><00:06:20.780><c> or</c>

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NPM package they put in a wallet or
 

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NPM package they put in a wallet or
mixer<00:06:21.319><c> client</c><00:06:21.620><c> code</c><00:06:21.909><c> the</c><00:06:22.909><c> daemon</c><00:06:23.270><c> which</c><00:06:23.659><c> is</c>

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mixer client code the daemon which is
 

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mixer client code the daemon which is
just<00:06:24.860><c> like</c><00:06:25.099><c> a</c><00:06:25.930><c> kind</c><00:06:26.930><c> of</c><00:06:27.020><c> the</c><00:06:27.139><c> server</c><00:06:27.440><c> of</c><00:06:27.860><c> the</c>

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just like a kind of the server of the
 

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just like a kind of the server of the
real<00:06:28.099><c> heir</c><00:06:28.250><c> essentially</c><00:06:28.759><c> and</c><00:06:29.330><c> then</c><00:06:29.990><c> two</c><00:06:30.110><c> more</c>

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real heir essentially and then two more
 

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real heir essentially and then two more
contracts<00:06:30.889><c> enter</c><00:06:31.810><c> necessary</c><00:06:32.810><c> what</c><00:06:34.330><c> sort</c><00:06:35.330><c> of</c>

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contracts enter necessary what sort of
 

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contracts enter necessary what sort of
service<00:06:35.780><c> and</c><00:06:35.900><c> discovery</c><00:06:36.259><c> mechanism</c><00:06:36.680><c> for</c><00:06:36.800><c> real</c>

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service and discovery mechanism for real
 

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service and discovery mechanism for real
layers<00:06:37.130><c> as</c><00:06:37.460><c> well</c><00:06:37.639><c> as</c><00:06:37.789><c> like</c><00:06:37.969><c> transaction</c><00:06:38.539><c> for</c>

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layers as well as like transaction for
 

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layers as well as like transaction for
in<00:06:39.190><c> these</c><00:06:40.190><c> we</c><00:06:41.150><c> have</c><00:06:41.360><c> like</c><00:06:41.599><c> our</c><00:06:41.810><c> first</c><00:06:42.080><c> we've</c>

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in these we have like our first we've
 

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in these we have like our first we've
kind<00:06:43.099><c> of</c><00:06:43.130><c> been</c><00:06:43.250><c> doing</c><00:06:43.490><c> some</c><00:06:43.639><c> research</c><00:06:43.819><c> into</c>

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kind of been doing some research into
 

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kind of been doing some research into
the<00:06:44.270><c> right</c><00:06:44.419><c> way</c><00:06:44.569><c> to</c><00:06:44.629><c> do</c><00:06:45.490><c> reputation</c>

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the right way to do reputation
 

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the right way to do reputation
particular<00:06:47.030><c> and</c><00:06:47.300><c> so</c><00:06:47.930><c> we</c><00:06:48.020><c> have</c><00:06:48.139><c> like</c><00:06:48.289><c> a</c><00:06:48.319><c> first</c>

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particular and so we have like a first
 

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particular and so we have like a first
elimination<00:06:49.009><c> bisetta</c><00:06:49.490><c> the</c><00:06:49.940><c> for</c><00:06:50.120><c> also</c><00:06:50.330><c> talking</c>

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elimination bisetta the for also talking
 

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elimination bisetta the for also talking
with<00:06:50.979><c> the</c><00:06:51.979><c> gas</c><00:06:52.130><c> station</c><00:06:52.490><c> network</c><00:06:52.580><c> to</c><00:06:52.849><c> see</c><00:06:53.030><c> if</c>

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with the gas station network to see if
 

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with the gas station network to see if
anybody<00:06:54.949><c> down</c><00:06:55.219><c> and</c><00:06:55.580><c> they</c><00:06:56.090><c> may</c><00:06:56.449><c> actually</c><00:06:56.690><c> is</c>

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anybody down and they may actually is
 

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anybody down and they may actually is
that<00:06:57.169><c> filling</c><00:06:57.530><c> filling</c><00:06:57.979><c> that</c><00:06:58.190><c> world</c>

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that filling filling that world
 

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that filling filling that world
so<00:07:00.610><c> first</c><00:07:01.349><c> we've</c><00:07:02.349><c> got</c><00:07:02.559><c> clients</c><00:07:03.449><c> so</c><00:07:04.449><c> some</c>

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so first we've got clients so some
 

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so first we've got clients so some
clients<00:07:05.259><c> main</c><00:07:05.469><c> role</c><00:07:05.769><c> is</c><00:07:06.449><c> find</c><00:07:07.449><c> relate</c><00:07:07.749><c> or</c><00:07:07.839><c> some</c>

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clients main role is find relate or some
 

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clients main role is find relate or some
community<00:07:08.409><c> reputation</c><00:07:09.009><c> contractor</c><00:07:09.519><c> and</c><00:07:11.369><c> so</c>

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community reputation contractor and so
 

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community reputation contractor and so
like<00:07:13.689><c> let's</c><00:07:14.079><c> say</c><00:07:14.199><c> this</c><00:07:14.379><c> is</c><00:07:14.439><c> just</c><00:07:14.829><c> a</c><00:07:15.579><c> client</c>

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like let's say this is just a client
 

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like let's say this is just a client
this<00:07:16.239><c> is</c><00:07:16.299><c> a</c><00:07:16.449><c> user</c><00:07:16.779><c> so</c><00:07:17.229><c> this</c><00:07:17.349><c> is</c><00:07:17.439><c> also</c><00:07:17.589><c> where</c>

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this is a user so this is also where
 

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this is a user so this is also where
like<00:07:18.519><c> would</c><00:07:18.639><c> say</c><00:07:18.759><c> the</c><00:07:18.819><c> wallet</c><00:07:19.149><c> code</c><00:07:19.419><c> or</c><00:07:19.749><c> the</c>

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like would say the wallet code or the
 

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like would say the wallet code or the
mixer<00:07:20.289><c> client</c><00:07:20.619><c> code</c><00:07:20.799><c> in</c><00:07:21.699><c> your</c><00:07:21.759><c> browser</c><00:07:22.089><c> on</c>

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mixer client code in your browser on
 

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mixer client code in your browser on
your<00:07:22.419><c> mobile</c><00:07:23.219><c> and</c><00:07:24.219><c> so</c><00:07:25.059><c> through</c><00:07:25.719><c> our</c><00:07:26.049><c> library</c>

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your mobile and so through our library
 

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your mobile and so through our library
it<00:07:27.039><c> talks</c><00:07:27.489><c> it</c><00:07:27.759><c> figures</c><00:07:27.999><c> out</c><00:07:28.149><c> where</c><00:07:28.779><c> your</c>

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it talks it figures out where your
 

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it talks it figures out where your
layers<00:07:29.349><c> are</c><00:07:29.619><c> and</c><00:07:30.159><c> it</c><00:07:30.659><c> allows</c><00:07:31.659><c> me</c><00:07:31.689><c> submits</c>

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layers are and it allows me submits
 

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layers are and it allows me submits
transactions<00:07:33.009><c> to</c><00:07:33.099><c> those</c><00:07:33.219><c> doors</c><00:07:33.749><c> and</c><00:07:34.749><c> this</c><00:07:34.899><c> is</c>

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transactions to those doors and this is
 

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transactions to those doors and this is
like<00:07:35.169><c> structured</c><00:07:35.679><c> pretty</c><00:07:36.429><c> simply</c><00:07:36.819><c> together</c>

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like structured pretty simply together
 

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like structured pretty simply together
everybody<00:07:37.569><c> can</c><00:07:37.839><c> see</c><00:07:37.989><c> is</c><00:07:38.079><c> just</c><00:07:38.319><c> like</c><00:07:38.469><c> and</c><00:07:39.009><c> then</c>

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everybody can see is just like and then
 

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everybody can see is just like and then
can<00:07:39.279><c> package</c><00:07:39.519><c> and</c><00:07:40.119><c> right</c><00:07:40.869><c> now</c><00:07:40.959><c> I</c><00:07:41.019><c> have</c><00:07:41.110><c> an</c>

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can package and right now I have an
 

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can package and right now I have an
example<00:07:41.739><c> of</c><00:07:41.889><c> getting</c><00:07:42.009><c> the</c><00:07:42.279><c> best</c><00:07:42.429><c> reader</c><00:07:42.789><c> idea</c>

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example of getting the best reader idea
 

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example of getting the best reader idea
perfect<00:07:43.599><c> dress</c><00:07:44.379><c> or</c><00:07:44.529><c> something</c><00:07:46.800><c> but</c><00:07:47.800><c> that's</c>

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perfect dress or something but that's
 

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perfect dress or something but that's
designed<00:07:48.579><c> to</c><00:07:48.729><c> be</c><00:07:48.789><c> very</c><00:07:48.999><c> very</c><00:07:49.269><c> simple</c><00:07:50.429><c> so</c><00:07:51.429><c> that</c>

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designed to be very very simple so that
 

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designed to be very very simple so that
says<00:07:51.849><c> the</c><00:07:52.179><c> damage</c><00:07:54.209><c> so</c><00:07:55.209><c> really</c><00:07:56.139><c> what</c><00:07:56.579><c> we're</c>

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says the damage so really what we're
 

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says the damage so really what we're
going<00:07:57.729><c> to</c><00:07:59.129><c> share</c><00:08:00.129><c> like</c><00:08:00.339><c> a</c><00:08:00.369><c> reference</c><00:08:00.879><c> sort</c><00:08:01.509><c> of</c>

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going to share like a reference sort of
 

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going to share like a reference sort of
API<00:08:02.049><c> that</c><00:08:02.739><c> this</c><00:08:02.889><c> should</c><00:08:03.009><c> expose</c><00:08:03.339><c> to</c><00:08:03.729><c> properly</c>

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API that this should expose to properly
 

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API that this should expose to properly
communicate<00:08:05.079><c> the</c><00:08:05.499><c> client</c><00:08:05.879><c> we're</c><00:08:06.879><c> also</c>

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communicate the client we're also
 

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communicate the client we're also
releasing<00:08:07.239><c> like</c><00:08:07.629><c> a</c><00:08:07.659><c> representation</c><00:08:08.139><c> of</c><00:08:08.619><c> this</c>

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releasing like a representation of this
 

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releasing like a representation of this
that<00:08:08.979><c> does</c><00:08:09.129><c> so</c><00:08:09.309><c> much</c><00:08:09.339><c> fancy</c><00:08:09.849><c> stuff</c><00:08:10.029><c> recognize</c>

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that does so much fancy stuff recognize
 

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that does so much fancy stuff recognize
extra<00:08:10.809><c> stimulation</c><00:08:11.309><c> but</c><00:08:12.309><c> this</c><00:08:12.849><c> is</c><00:08:12.999><c> something</c>

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extra stimulation but this is something
 

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extra stimulation but this is something
that<00:08:13.539><c> technically</c><00:08:14.259><c> like</c><00:08:14.499><c> anyone</c><00:08:14.829><c> can</c><00:08:15.009><c> create</c>

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that technically like anyone can create
 

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that technically like anyone can create
that<00:08:15.489><c> custom</c><00:08:16.019><c> customer</c><00:08:17.019><c> drop</c><00:08:17.529><c> you</c><00:08:18.189><c> know</c><00:08:18.309><c> if</c><00:08:19.589><c> if</c>

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that custom customer drop you know if if
 

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that custom customer drop you know if if
this<00:08:20.800><c> becomes</c><00:08:21.069><c> like</c><00:08:21.279><c> a</c><00:08:21.309><c> highlight</c><00:08:21.789><c> you</c>

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this becomes like a highlight you
 

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this becomes like a highlight you
wanna<00:08:23.490><c> create</c><00:08:23.730><c> like</c><00:08:24.150><c> really</c><00:08:24.810><c> high</c>

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wanna create like really high
 

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wanna create like really high
performance<00:08:25.620><c> then</c><00:08:25.860><c> use</c><00:08:25.980><c> that</c><00:08:26.010><c> look</c><00:08:26.310><c> at</c><00:08:26.430><c> the</c>

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performance then use that look at the
 

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performance then use that look at the
network<00:08:26.820><c> and</c><00:08:26.970><c> make</c><00:08:27.150><c> sure</c><00:08:27.300><c> you're</c><00:08:27.420><c> not</c><00:08:27.510><c> getting</c>

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network and make sure you're not getting
 

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network and make sure you're not getting
power<00:08:27.930><c> and</c><00:08:28.230><c> stuff</c><00:08:28.380><c> like</c><00:08:28.500><c> that</c><00:08:28.680><c> right</c><00:08:29.340><c> now</c><00:08:29.400><c> we</c>

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power and stuff like that right now we
 

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power and stuff like that right now we
do<00:08:29.790><c> some</c><00:08:30.000><c> very</c><00:08:30.210><c> basic</c><00:08:31.190><c> like</c><00:08:32.190><c> transact</c><00:08:32.610><c> also</c><00:08:32.910><c> so</c>

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do some very basic like transact also so
 

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do some very basic like transact also so
basically<00:08:33.420><c> what</c><00:08:33.900><c> happens</c><00:08:34.230><c> in</c><00:08:34.350><c> the</c><00:08:34.410><c> current</c>

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basically what happens in the current
 

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basically what happens in the current
version<00:08:34.830><c> this</c><00:08:35.130><c> code</c><00:08:35.340><c> is</c><00:08:36.590><c> for</c><00:08:37.590><c> any</c><00:08:37.680><c> transaction</c>

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version this code is for any transaction
 

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version this code is for any transaction
it's<00:08:40.250><c> signaling</c><00:08:41.250><c> that</c><00:08:41.730><c> transaction</c><00:08:42.270><c> sees</c><00:08:42.540><c> how</c>

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it's signaling that transaction sees how
 

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it's signaling that transaction sees how
how<00:08:43.530><c> much</c><00:08:43.800><c> running</c><00:08:44.700><c> that</c><00:08:44.910><c> transaction</c>

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how much running that transaction
 

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how much running that transaction
changes<00:08:45.900><c> your</c><00:08:46.710><c> own</c><00:08:47.360><c> be</c><00:08:48.360><c> felt</c><00:08:48.630><c> and</c><00:08:48.960><c> it</c><00:08:49.590><c> looks</c>

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changes your own be felt and it looks
 

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changes your own be felt and it looks
like<00:08:49.920><c> a</c><00:08:50.420><c> beyond</c><00:08:51.420><c> a</c><00:08:51.510><c> certain</c><00:08:51.690><c> amount</c><00:08:52.020><c> basically</c>

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like a beyond a certain amount basically
 

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like a beyond a certain amount basically
lights<00:08:52.890><c> of</c><00:08:53.040><c> it</c><00:08:54.350><c> and</c><00:08:55.350><c> I</c><00:08:56.360><c> it's</c><00:08:57.360><c> super</c><00:08:58.110><c> simple</c>

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lights of it and I it's super simple
 

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lights of it and I it's super simple
this<00:08:59.250><c> if</c><00:09:00.120><c> your</c><00:09:00.420><c> doctor</c><00:09:01.290><c> installed</c><00:09:01.590><c> it's</c>

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this if your doctor installed it's
 

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this if your doctor installed it's
literally<00:09:02.100><c> turning</c><00:09:05.240><c> this</c><00:09:06.240><c> designs</c><00:09:06.750><c> of</c><00:09:06.990><c> that</c>

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literally turning this designs of that
 

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literally turning this designs of that
like<00:09:07.350><c> anyone</c><00:09:08.070><c> could</c><00:09:08.700><c> run</c><00:09:08.910><c> it</c><00:09:09.030><c> would</c><00:09:09.840><c> be</c><00:09:09.960><c> really</c>

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like anyone could run it would be really
 

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like anyone could run it would be really
cool<00:09:10.350><c> alike</c><00:09:10.620><c> like</c><00:09:11.580><c> random</c><00:09:12.000><c> people</c><00:09:12.030><c> run</c><00:09:12.420><c> their</c>

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cool alike like random people run their
 

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cool alike like random people run their
layers<00:09:12.840><c> oh</c><00:09:14.540><c> yeah</c><00:09:15.540><c> this</c><00:09:15.810><c> is</c><00:09:15.950><c> this</c><00:09:16.950><c> is</c><00:09:17.150><c> these</c><00:09:18.150><c> are</c>

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layers oh yeah this is this is these are
 

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layers oh yeah this is this is these are
the<00:09:18.420><c> two</c><00:09:18.570><c> critical</c><00:09:19.110><c> pieces</c><00:09:19.560><c> for</c><00:09:20.010><c> the</c><00:09:20.100><c> spec</c>

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the two critical pieces for the spec
 

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the two critical pieces for the spec
there<00:09:21.480><c> is</c><00:09:21.570><c> a</c><00:09:21.600><c> mother</c><00:09:21.780><c> there</c><00:09:22.110><c> are</c><00:09:22.200><c> some</c><00:09:22.350><c> other</c>

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there is a mother there are some other
 

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there is a mother there are some other
there's<00:09:22.860><c> father</c><00:09:23.100><c> ground</c><00:09:23.340><c> routes</c><00:09:23.970><c> but</c>

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there's father ground routes but
 

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there's father ground routes but
basically<00:09:25.500><c> like</c><00:09:25.680><c> for</c><00:09:25.980><c> my</c><00:09:26.580><c> gated</c>

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basically like for my gated
 

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basically like for my gated
like<00:09:27.680><c> to</c><00:09:28.680><c> tell</c><00:09:28.890><c> clients</c><00:09:29.520><c> new</c><00:09:30.270><c> charges</c>

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okay

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okay
 

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okay
and<00:09:38.130><c> so</c><00:09:38.250><c> finally</c><00:09:38.430><c> this</c><00:09:38.610><c> last</c><00:09:38.850><c> fluffy</c><00:09:39.810><c> switch</c>

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and so finally this last fluffy switch
 

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and so finally this last fluffy switch
or<00:09:40.140><c> word</c><00:09:40.770><c> of</c><00:09:40.860><c> everything</c><00:09:41.339><c> right</c><00:09:43.790><c> so</c><00:09:44.790><c> the</c><00:09:45.180><c> idea</c>

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or word of everything right so the idea
 

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or word of everything right so the idea
here<00:09:45.450><c> that</c><00:09:45.839><c> there's</c><00:09:47.150><c> the</c><00:09:48.150><c> reason</c><00:09:48.450><c> we</c><00:09:48.600><c> wanted</c>

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here that there's the reason we wanted
 

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here that there's the reason we wanted
to<00:09:49.339><c> start</c><00:09:50.339><c> we</c><00:09:50.820><c> want</c><00:09:50.910><c> to</c><00:09:51.060><c> come</c><00:09:51.210><c> like</c><00:09:51.420><c> great</c><00:09:51.750><c> this</c>

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to start we want to come like great this
 

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to start we want to come like great this
set<00:09:52.170><c> of</c><00:09:52.260><c> abstractions</c><00:09:52.680><c> that</c><00:09:53.010><c> talk</c><00:09:53.910><c> about</c>

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set of abstractions that talk about
 

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set of abstractions that talk about
something<00:09:54.420><c> constants</c><00:09:54.779><c> for</c><00:09:54.870><c> this</c><00:09:56.839><c> it's</c><00:09:57.839><c> nice</c>

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something constants for this it's nice
 

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something constants for this it's nice
to<00:09:58.500><c> have</c><00:09:58.680><c> like</c><00:09:59.279><c> trust</c><00:09:59.580><c> this</c><00:09:59.760><c> discovery</c><00:10:00.300><c> like</c>

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to have like trust this discovery like
 

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to have like trust this discovery like
some<00:10:01.290><c> some</c><00:10:01.710><c> like</c><00:10:02.150><c> understood</c><00:10:03.150><c> mechanism</c><00:10:03.690><c> of</c>

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some some like understood mechanism of
 

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some some like understood mechanism of
you<00:10:03.960><c> later</c><00:10:04.140><c> discovery</c><00:10:05.120><c> and</c><00:10:06.620><c> but</c><00:10:07.620><c> you</c><00:10:07.920><c> know</c>

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you later discovery and but you know
 

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you later discovery and but you know
this<00:10:08.100><c> is</c><00:10:08.250><c> something</c><00:10:08.430><c> we</c><00:10:08.670><c> can</c><00:10:08.850><c> play</c><00:10:09.360><c> with</c><00:10:13.070><c> order</c>

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this is something we can play with order
 

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this is something we can play with order
contract<00:10:14.430><c> very</c><00:10:14.640><c> simple</c><00:10:15.000><c> and</c><00:10:15.600><c> just</c><00:10:15.870><c> literally</c>

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contract very simple and just literally
 

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contract very simple and just literally
force<00:10:16.950><c> for</c><00:10:17.520><c> its</c><00:10:18.890><c> application</c><00:10:19.890><c> practice</c>

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and<00:10:25.440><c> the</c><00:10:25.680><c> reputation</c><00:10:25.920><c> contracts</c><00:10:27.080><c> yeah</c><00:10:28.080><c> I</c><00:10:28.350><c> can</c>

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and the reputation contracts yeah I can
 

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and the reputation contracts yeah I can
talk<00:10:28.950><c> I'd</c><00:10:29.280><c> like</c><00:10:29.490><c> about</c><00:10:29.640><c> this</c><00:10:29.850><c> I</c><00:10:29.940><c> don't</c><00:10:30.060><c> think</c><00:10:30.120><c> I</c>

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talk I'd like about this I don't think I
 

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talk I'd like about this I don't think I
will<00:10:30.840><c> right</c><00:10:31.020><c> now</c><00:10:31.110><c> if</c><00:10:31.260><c> you</c><00:10:31.440><c> want</c><00:10:31.680><c> to</c><00:10:31.770><c> talk</c><00:10:31.890><c> about</c>

00:10:31.940 --> 00:10:31.950 align:start position:0%
will right now if you want to talk about
 

00:10:31.950 --> 00:10:35.930 align:start position:0%
will right now if you want to talk about
it<00:10:32.340><c> but</c><00:10:32.850><c> there's</c><00:10:33.180><c> a</c><00:10:33.870><c> youth</c><00:10:34.800><c> research</c><00:10:35.040><c> post</c><00:10:35.580><c> I</c>

00:10:35.930 --> 00:10:35.940 align:start position:0%
it but there's a youth research post I
 

00:10:35.940 --> 00:10:38.660 align:start position:0%
it but there's a youth research post I
published<00:10:36.810><c> a</c><00:10:36.900><c> very</c><00:10:37.260><c> white</c><00:10:37.530><c> hat</c><00:10:37.770><c> on</c><00:10:38.070><c> this</c><00:10:38.400><c> and</c>

00:10:38.660 --> 00:10:38.670 align:start position:0%
published a very white hat on this and
 

00:10:38.670 --> 00:10:40.610 align:start position:0%
published a very white hat on this and
just<00:10:38.760><c> Google</c><00:10:39.390><c> or</c><00:10:39.630><c> a</c><00:10:39.660><c> really</c><00:10:39.990><c> just</c><00:10:40.290><c> ready</c>

00:10:40.610 --> 00:10:40.620 align:start position:0%
just Google or a really just ready
 

00:10:40.620 --> 00:10:44.840 align:start position:0%
just Google or a really just ready
research<00:10:41.400><c> we</c><00:10:42.120><c> are</c><00:10:42.780><c> thinking</c><00:10:43.320><c> there</c><00:10:43.850><c> broadly</c>

00:10:44.840 --> 00:10:44.850 align:start position:0%
research we are thinking there broadly
 

00:10:44.850 --> 00:10:49.970 align:start position:0%
research we are thinking there broadly
it's<00:10:44.970><c> like</c><00:10:45.650><c> you</c><00:10:46.650><c> know</c><00:10:46.820><c> the</c><00:10:47.820><c> more</c><00:10:48.500><c> either</c><00:10:49.500><c> you</c>

00:10:49.970 --> 00:10:49.980 align:start position:0%
it's like you know the more either you
 

00:10:49.980 --> 00:10:55.180 align:start position:0%
it's like you know the more either you
find<00:10:50.630><c> in</c><00:10:51.630><c> service</c><00:10:52.170><c> of</c><00:10:52.440><c> life</c><00:10:52.800><c> in</c><00:10:53.670><c> service</c><00:10:54.030><c> of</c>

00:10:55.180 --> 00:10:55.190 align:start position:0%
find in service of life in service of
 

00:10:55.190 --> 00:10:57.050 align:start position:0%
find in service of life in service of
relaying<00:10:56.190><c> transactions</c>

00:10:57.050 --> 00:10:57.060 align:start position:0%
relaying transactions
 

00:10:57.060 --> 00:10:59.150 align:start position:0%
relaying transactions
maybe<00:10:57.660><c> the</c><00:10:57.750><c> higher</c><00:10:57.930><c> their</c><00:10:58.110><c> reputation</c><00:10:58.380><c> is</c><00:10:58.830><c> but</c>

00:10:59.150 --> 00:10:59.160 align:start position:0%
maybe the higher their reputation is but
 

00:10:59.160 --> 00:11:07.840 align:start position:0%
maybe the higher their reputation is but
there's<00:10:59.790><c> a</c><00:11:00.030><c> lot</c><00:11:00.450><c> of</c><00:11:00.570><c> parameters</c><00:11:06.440><c> so</c><00:11:07.440><c> finally</c>

00:11:07.840 --> 00:11:07.850 align:start position:0%
there's a lot of parameters so finally
 

00:11:07.850 --> 00:11:10.910 align:start position:0%
there's a lot of parameters so finally
the<00:11:08.850><c> next</c><00:11:09.000><c> steps</c><00:11:09.330><c> are</c><00:11:09.480><c> you</c><00:11:10.350><c> know</c><00:11:10.470><c> a</c><00:11:10.500><c> big</c><00:11:10.680><c> bark</c>

00:11:10.910 --> 00:11:10.920 align:start position:0%
the next steps are you know a big bark
 

00:11:10.920 --> 00:11:13.430 align:start position:0%
the next steps are you know a big bark
like<00:11:11.160><c> what</c><00:11:11.580><c> I'm</c><00:11:11.670><c> trying</c><00:11:11.880><c> to</c><00:11:11.940><c> do</c><00:11:12.030><c> is</c><00:11:12.180><c> not</c><00:11:12.440><c> talk</c>

00:11:13.430 --> 00:11:13.440 align:start position:0%
like what I'm trying to do is not talk
 

00:11:13.440 --> 00:11:16.520 align:start position:0%
like what I'm trying to do is not talk
to<00:11:13.710><c> a</c><00:11:13.740><c> bunch</c><00:11:14.040><c> of</c><00:11:14.160><c> major</c><00:11:14.370><c> changes</c><00:11:14.820><c> talk</c><00:11:15.780><c> to</c><00:11:16.050><c> wall</c>

00:11:16.520 --> 00:11:16.530 align:start position:0%
to a bunch of major changes talk to wall
 

00:11:16.530 --> 00:11:19.780 align:start position:0%
to a bunch of major changes talk to wall
teams<00:11:17.120><c> see</c><00:11:18.120><c> how</c><00:11:18.330><c> we</c><00:11:18.390><c> can</c><00:11:18.570><c> integrate</c><00:11:18.720><c> this</c><00:11:18.990><c> into</c>

00:11:19.780 --> 00:11:19.790 align:start position:0%
teams see how we can integrate this into
 

00:11:19.790 --> 00:11:23.190 align:start position:0%
teams see how we can integrate this into
existing<00:11:20.790><c> closed</c>

00:11:23.190 --> 00:11:23.200 align:start position:0%
 
 

00:11:23.200 --> 00:11:30.960 align:start position:0%
 
oh<00:11:23.230><c> the</c><00:11:24.160><c> gas</c><00:11:24.280><c> station</c><00:11:24.610><c> networks</c><00:11:28.890><c> cool</c><00:11:29.970><c> so</c>

00:11:30.960 --> 00:11:30.970 align:start position:0%
oh the gas station networks cool so
 

00:11:30.970 --> 00:11:33.270 align:start position:0%
oh the gas station networks cool so
that's<00:11:31.810><c> man</c><00:11:32.050><c> Twitter</c><00:11:32.290><c> at</c><00:11:32.440><c> the</c><00:11:32.500><c> top</c><00:11:32.770><c> and</c><00:11:33.070><c> that</c>

00:11:33.270 --> 00:11:33.280 align:start position:0%
that's man Twitter at the top and that
 

00:11:33.280 --> 00:11:38.270 align:start position:0%
that's man Twitter at the top and that
is<00:11:33.340><c> where</c><00:11:33.900><c> the</c><00:11:34.900><c> repo</c><00:11:35.230><c> is</c><00:11:35.410><c> for</c><00:11:35.590><c> sir</c><00:11:35.740><c> again</c>

00:11:38.270 --> 00:11:38.280 align:start position:0%
 
 

00:11:38.280 --> 00:11:44.630 align:start position:0%
 
probably<00:11:40.680><c> not</c><00:11:41.680><c> time</c><00:11:41.830><c> for</c><00:11:41.860><c> questions</c><00:11:42.310><c> from</c>

00:11:44.630 --> 00:11:44.640 align:start position:0%
 
 

00:11:44.640 --> 00:11:50.160 align:start position:0%
 
friends<00:11:47.460><c> waiting</c><00:11:48.460><c> in</c><00:11:48.580><c> my</c><00:11:48.700><c> fur</c><00:11:48.970><c> like</c><00:11:49.750><c> a</c><00:11:49.780><c> relay</c>

00:11:50.160 --> 00:11:50.170 align:start position:0%
friends waiting in my fur like a relay
 

00:11:50.170 --> 00:11:53.880 align:start position:0%
friends waiting in my fur like a relay
or<00:11:50.230><c> many</c><00:11:50.530><c> partners</c><00:11:51.150><c> yes</c><00:11:52.150><c> I</c><00:11:52.870><c> can</c><00:11:53.290><c> do</c><00:11:53.410><c> best</c><00:11:53.590><c> you</c>

00:11:53.880 --> 00:11:53.890 align:start position:0%
or many partners yes I can do best you
 

00:11:53.890 --> 00:11:58.280 align:start position:0%
or many partners yes I can do best you
design<00:11:54.250><c> how</c><00:11:54.520><c> you</c>

00:11:58.280 --> 00:11:58.290 align:start position:0%
 
 

00:11:58.290 --> 00:12:01.680 align:start position:0%
 
yeah<00:11:59.189><c> so</c><00:11:59.759><c> he</c>

00:12:01.680 --> 00:12:01.690 align:start position:0%
yeah so he
 

00:12:01.690 --> 00:12:04.890 align:start position:0%
yeah so he
as<00:12:02.620><c> everywhere</c><00:12:03.190><c> and</c><00:12:04.030><c> if</c><00:12:04.210><c> you're</c><00:12:04.450><c> returning</c><00:12:04.660><c> to</c>

00:12:04.890 --> 00:12:04.900 align:start position:0%
as everywhere and if you're returning to
 

00:12:04.900 --> 00:12:14.280 align:start position:0%
as everywhere and if you're returning to
London<00:12:05.580><c> then</c><00:12:06.580><c> the</c><00:12:06.760><c> front-runner</c><00:12:07.240><c> is</c>

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00:12:14.290 --> 00:12:15.460 align:start position:0%
 
[Music]

00:12:15.460 --> 00:12:15.470 align:start position:0%
[Music]
 

00:12:15.470 --> 00:12:19.389 align:start position:0%
[Music]
there's<00:12:16.470><c> sort</c><00:12:16.620><c> of</c><00:12:16.709><c> a</c><00:12:16.830><c> trade-off</c><00:12:17.130><c> between</c>

00:12:19.389 --> 00:12:19.399 align:start position:0%
there's sort of a trade-off between
 

00:12:19.399 --> 00:12:23.389 align:start position:0%
there's sort of a trade-off between
something<00:12:20.399><c> about</c><00:12:20.700><c> a</c><00:12:20.880><c> lot</c><00:12:21.180><c> I</c><00:12:21.480><c> think</c><00:12:22.170><c> the</c><00:12:22.589><c> answer</c>

00:12:23.389 --> 00:12:23.399 align:start position:0%
something about a lot I think the answer
 

00:12:23.399 --> 00:12:26.060 align:start position:0%
something about a lot I think the answer
is<00:12:23.430><c> you</c><00:12:23.730><c> expect</c><00:12:24.000><c> that</c><00:12:24.420><c> to</c><00:12:24.839><c> factor</c><00:12:25.649><c> into</c><00:12:25.980><c> the</c>

00:12:26.060 --> 00:12:26.070 align:start position:0%
is you expect that to factor into the
 

00:12:26.070 --> 00:12:42.829 align:start position:0%
is you expect that to factor into the
market<00:12:26.600><c> it's</c><00:12:27.600><c> the</c><00:12:33.620><c> first</c><00:12:35.300><c> -</c><00:12:41.300><c> sorry</c><00:12:42.300><c> guys</c><00:12:42.570><c> we</c>

00:12:42.829 --> 00:12:42.839 align:start position:0%
market it's the first - sorry guys we
 

00:12:42.839 --> 00:12:47.120 align:start position:0%
market it's the first - sorry guys we
got<00:12:42.990><c> another</c><00:12:43.800><c> gash</c><00:12:44.040><c> so</c><00:12:44.519><c> then</c><00:12:44.760><c> we</c>

00:12:47.120 --> 00:12:47.130 align:start position:0%
 
 

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on<00:12:47.310><c> the</c><00:12:47.400><c> first</c><00:12:47.670><c> trial</c><00:12:48.060><c> and</c><00:12:48.420><c> emotionally</c><00:12:49.110><c> then</c>

00:12:49.450 --> 00:12:49.460 align:start position:0%
on the first trial and emotionally then
 

00:12:49.460 --> 00:12:52.100 align:start position:0%
on the first trial and emotionally then
he<00:12:50.460><c> doesn't</c><00:12:50.850><c> run</c><00:12:51.000><c> by</c><00:12:51.180><c> the</c><00:12:51.270><c> way</c><00:12:51.480><c> so</c><00:12:51.540><c> that's</c><00:12:51.870><c> why</c>

00:12:52.100 --> 00:12:52.110 align:start position:0%
he doesn't run by the way so that's why
 

00:12:52.110 --> 00:12:55.760 align:start position:0%
he doesn't run by the way so that's why
we<00:12:52.320><c> look</c><00:12:52.470><c> ok</c><00:12:53.270><c> so</c><00:12:54.270><c> that's</c><00:12:54.450><c> why</c><00:12:54.600><c> he</c><00:12:55.050><c> keeps</c><00:12:55.410><c> not</c>

00:12:55.760 --> 00:12:55.770 align:start position:0%
we look ok so that's why he keeps not
 

00:12:55.770 --> 00:12:56.270 align:start position:0%
we look ok so that's why he keeps not
improve

00:12:56.270 --> 00:12:56.280 align:start position:0%
improve
 

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improve
oh<00:12:56.310><c> I</c><00:12:56.880><c> see</c><00:12:57.390><c> well</c><00:12:57.990><c> like</c><00:12:58.320><c> the</c><00:12:58.530><c> so</c><00:12:59.370><c> I</c><00:12:59.730><c> didn't</c>

00:13:00.620 --> 00:13:00.630 align:start position:0%
oh I see well like the so I didn't
 

00:13:00.630 --> 00:13:02.900 align:start position:0%
oh I see well like the so I didn't
really<00:13:01.050><c> go</c><00:13:01.200><c> into</c><00:13:01.230><c> detail</c><00:13:01.500><c> this</c><00:13:01.890><c> but</c><00:13:02.220><c> the</c>

00:13:02.900 --> 00:13:02.910 align:start position:0%
really go into detail this but the
 

00:13:02.910 --> 00:13:06.230 align:start position:0%
really go into detail this but the
address<00:13:03.450><c> of</c><00:13:03.870><c> the</c><00:13:04.410><c> recipient</c><00:13:04.880><c> goodness</c><00:13:05.880><c> he</c>

00:13:06.230 --> 00:13:06.240 align:start position:0%
address of the recipient goodness he
 

00:13:06.240 --> 00:13:07.790 align:start position:0%
address of the recipient goodness he
goes<00:13:06.390><c> and</c><00:13:06.510><c> it</c><00:13:06.600><c> goes</c><00:13:07.020><c> in</c><00:13:07.140><c> the</c><00:13:07.170><c> creek</c>

00:13:07.790 --> 00:13:07.800 align:start position:0%
goes and it goes in the creek
 

00:13:07.800 --> 00:13:11.360 align:start position:0%
goes and it goes in the creek
yeah<00:13:08.310><c> really</c><00:13:09.300><c> yes</c><00:13:10.080><c> so</c><00:13:10.500><c> because</c><00:13:11.250><c> the</c><00:13:11.340><c> a</c>

00:13:11.360 --> 00:13:11.370 align:start position:0%
yeah really yes so because the a
 

00:13:11.370 --> 00:13:13.340 align:start position:0%
yeah really yes so because the a
three-layer<00:13:12.030><c> is</c><00:13:12.240><c> one</c><00:13:12.450><c> of</c><00:13:12.510><c> you</c><00:13:12.630><c> puts</c><00:13:12.870><c> Narvik</c>

00:13:13.340 --> 00:13:13.350 align:start position:0%
three-layer is one of you puts Narvik
 

00:13:13.350 --> 00:13:16.610 align:start position:0%
three-layer is one of you puts Narvik
sorry<00:13:13.850><c> okay</c><00:13:14.880><c> yeah</c><00:13:15.330><c> we</c><00:13:15.810><c> just</c><00:13:15.840><c> you</c><00:13:16.260><c> mentioned</c>

00:13:16.610 --> 00:13:16.620 align:start position:0%
sorry okay yeah we just you mentioned
 

00:13:16.620 --> 00:13:20.960 align:start position:0%
sorry okay yeah we just you mentioned
you<00:13:16.680><c> can't</c><00:13:16.980><c> you</c><00:13:17.880><c> can't</c><00:13:18.120><c> you</c><00:13:19.880><c> can</c><00:13:20.880><c> you</c>

00:13:20.960 --> 00:13:20.970 align:start position:0%
you can't you can't you can you
 

00:13:20.970 --> 00:13:26.090 align:start position:0%
you can't you can't you can you
literally<00:13:21.210><c> can't</c><00:13:21.600><c> from</c><00:13:24.620><c> the</c><00:13:25.620><c> same</c><00:13:25.830><c> collection</c>

00:13:26.090 --> 00:13:26.100 align:start position:0%
literally can't from the same collection
 

00:13:26.100 --> 00:13:29.660 align:start position:0%
literally can't from the same collection
so<00:13:26.580><c> but</c><00:13:27.000><c> that</c><00:13:27.450><c> means</c><00:13:27.710><c> you</c><00:13:28.710><c> have</c><00:13:29.070><c> to</c><00:13:29.310><c> design</c>

00:13:29.660 --> 00:13:29.670 align:start position:0%
so but that means you have to design
 

00:13:29.670 --> 00:13:35.970 align:start position:0%
so but that means you have to design
this<00:13:29.820><c> one</c><00:13:30.060><c> attracting</c><00:13:30.750><c> away</c>

00:13:35.970 --> 00:13:35.980 align:start position:0%
 
 

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[Music]

00:13:37.379 --> 00:13:37.389 align:start position:0%
[Music]
 

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[Music]
prevent<00:13:38.389><c> runners</c><00:13:39.170><c> because</c><00:13:39.920><c> of</c><00:13:40.220><c> that</c><00:13:40.339><c> room</c><00:13:40.610><c> you</c>

00:13:40.720 --> 00:13:40.730 align:start position:0%
prevent runners because of that room you
 

00:13:40.730 --> 00:13:44.129 align:start position:0%
prevent runners because of that room you
have<00:13:40.970><c> to</c><00:13:40.999><c> tell</c><00:13:41.299><c> the</c><00:13:41.449><c> address</c><00:13:42.759><c> that's</c><00:13:43.759><c> right</c>

00:13:44.129 --> 00:13:44.139 align:start position:0%
have to tell the address that's right
 

00:13:44.139 --> 00:13:47.960 align:start position:0%
have to tell the address that's right
and<00:13:45.369><c> that</c><00:13:46.369><c> can</c><00:13:46.459><c> exist</c><00:13:46.879><c> in</c><00:13:47.089><c> the</c><00:13:47.179><c> property</c>

00:13:47.960 --> 00:13:47.970 align:start position:0%
and that can exist in the property
 

00:13:47.970 --> 00:13:50.149 align:start position:0%
and that can exist in the property
or<00:13:48.749><c> like</c><00:13:48.869><c> the</c><00:13:48.989><c> thing</c><00:13:49.169><c> that</c><00:13:49.199><c> surely</c><00:13:49.949><c> yeah</c>

00:13:50.149 --> 00:13:50.159 align:start position:0%
or like the thing that surely yeah
 

00:13:50.159 --> 00:14:03.259 align:start position:0%
or like the thing that surely yeah
that's<00:13:51.029><c> right</c><00:13:58.999><c> so</c><00:14:00.619><c> if</c><00:14:01.619><c> I</c><00:14:01.799><c> may</c><00:14:01.859><c> every</c><00:14:02.220><c> layer</c><00:14:02.399><c> and</c>

00:14:03.259 --> 00:14:03.269 align:start position:0%
that's right so if I may every layer and
 

00:14:03.269 --> 00:14:06.019 align:start position:0%
that's right so if I may every layer and
now<00:14:03.449><c> like</c><00:14:04.229><c> I</c><00:14:04.439><c> say</c><00:14:05.369><c> all</c><00:14:05.399><c> will</c><00:14:05.609><c> relate</c><00:14:05.879><c> your</c>

00:14:06.019 --> 00:14:06.029 align:start position:0%
now like I say all will relate your
 

00:14:06.029 --> 00:14:10.659 align:start position:0%
now like I say all will relate your
transaction<00:14:06.659><c> but</c><00:14:07.019><c> I</c><00:14:07.049><c> don't</c>

00:14:10.659 --> 00:14:10.669 align:start position:0%
 
 

00:14:10.669 --> 00:14:14.899 align:start position:0%
 
yeah<00:14:11.839><c> so</c><00:14:12.919><c> this</c><00:14:13.919><c> is</c><00:14:14.099><c> there's</c><00:14:14.519><c> there's</c><00:14:14.819><c> actually</c>

00:14:14.899 --> 00:14:14.909 align:start position:0%
yeah so this is there's there's actually
 

00:14:14.909 --> 00:14:16.309 align:start position:0%
yeah so this is there's there's actually
another<00:14:15.179><c> interesting</c><00:14:15.569><c> trade-off</c><00:14:15.899><c> here</c><00:14:16.079><c> so</c>

00:14:16.309 --> 00:14:16.319 align:start position:0%
another interesting trade-off here so
 

00:14:16.319 --> 00:14:21.079 align:start position:0%
another interesting trade-off here so
like<00:14:17.569><c> in</c><00:14:18.889><c> design</c><00:14:19.889><c> you</c><00:14:19.919><c> can</c><00:14:20.159><c> find</c><00:14:20.399><c> logic</c><00:14:20.909><c> you</c>

00:14:21.079 --> 00:14:21.089 align:start position:0%
like in design you can find logic you
 

00:14:21.089 --> 00:14:23.509 align:start position:0%
like in design you can find logic you
can<00:14:21.269><c> you</c><00:14:21.720><c> can</c><00:14:21.869><c> either</c><00:14:22.189><c> broadcast</c><00:14:23.189><c> to</c><00:14:23.369><c> like</c>

00:14:23.509 --> 00:14:23.519 align:start position:0%
can you can either broadcast to like
 

00:14:23.519 --> 00:14:25.879 align:start position:0%
can you can either broadcast to like
every<00:14:23.939><c> layer</c><00:14:24.329><c> and</c><00:14:24.569><c> then</c><00:14:25.109><c> three</c><00:14:25.319><c> layers</c><00:14:25.529><c> kind</c>

00:14:25.879 --> 00:14:25.889 align:start position:0%
every layer and then three layers kind
 

00:14:25.889 --> 00:14:27.679 align:start position:0%
every layer and then three layers kind
of<00:14:26.009><c> like</c><00:14:26.159><c> our</c><00:14:26.339><c> twist</c><00:14:26.579><c> or</c><00:14:27.299><c> you</c><00:14:27.359><c> can</c><00:14:27.479><c> broadcast</c>

00:14:27.679 --> 00:14:27.689 align:start position:0%
of like our twist or you can broadcast
 

00:14:27.689 --> 00:14:29.569 align:start position:0%
of like our twist or you can broadcast
to<00:14:28.169><c> one</c><00:14:28.349><c> real</c><00:14:28.529><c> layer</c><00:14:28.679><c> and</c><00:14:28.889><c> the</c><00:14:28.979><c> clients</c><00:14:29.399><c> kind</c>

00:14:29.569 --> 00:14:29.579 align:start position:0%
to one real layer and the clients kind
 

00:14:29.579 --> 00:14:32.210 align:start position:0%
to one real layer and the clients kind
of<00:14:29.639><c> at</c><00:14:29.729><c> risk</c><00:14:29.909><c> and</c><00:14:30.479><c> there's</c><00:14:31.079><c> a</c><00:14:31.379><c> spectrum</c><00:14:32.009><c> of</c>

00:14:32.210 --> 00:14:32.220 align:start position:0%
of at risk and there's a spectrum of
 

00:14:32.220 --> 00:14:34.460 align:start position:0%
of at risk and there's a spectrum of
life<00:14:32.429><c> choices</c><00:14:32.759><c> and</c><00:14:32.939><c> and</c><00:14:33.419><c> how</c><00:14:33.659><c> you</c><00:14:33.720><c> choose</c><00:14:34.139><c> to</c>

00:14:34.460 --> 00:14:34.470 align:start position:0%
life choices and and how you choose to
 

00:14:34.470 --> 00:14:36.379 align:start position:0%
life choices and and how you choose to
kind<00:14:34.739><c> of</c><00:14:34.829><c> like</c><00:14:35.039><c> take</c><00:14:35.759><c> your</c><00:14:35.909><c> broadcast</c>

00:14:36.379 --> 00:14:36.389 align:start position:0%
kind of like take your broadcast
 

00:14:36.389 --> 00:14:37.819 align:start position:0%
kind of like take your broadcast
strategy<00:14:36.720><c> essentially</c><00:14:36.959><c> retry</c><00:14:37.409><c> store</c><00:14:37.559><c> energy</c>

00:14:37.819 --> 00:14:37.829 align:start position:0%
strategy essentially retry store energy
 

00:14:37.829 --> 00:14:41.569 align:start position:0%
strategy essentially retry store energy
that<00:14:38.519><c> lie</c><00:14:39.089><c> along</c><00:14:39.269><c> that</c><00:14:39.569><c> spectrum</c><00:14:40.429><c> we</c><00:14:41.429><c> are</c>

00:14:41.569 --> 00:14:41.579 align:start position:0%
that lie along that spectrum we are
 

00:14:41.579 --> 00:14:43.880 align:start position:0%
that lie along that spectrum we are
opting<00:14:42.149><c> towards</c><00:14:42.599><c> into</c><00:14:43.079><c> some</c><00:14:43.259><c> limit</c>

00:14:43.880 --> 00:14:43.890 align:start position:0%
opting towards into some limit
 

00:14:43.890 --> 00:14:46.759 align:start position:0%
opting towards into some limit
this<00:14:44.760><c> is</c><00:14:44.850><c> a</c><00:14:44.970><c> new</c><00:14:45.209><c> discussion</c><00:14:45.450><c> to</c><00:14:46.290><c> protect</c><00:14:46.680><c> the</c>

00:14:46.759 --> 00:14:46.769 align:start position:0%
this is a new discussion to protect the
 

00:14:46.769 --> 00:14:50.600 align:start position:0%
this is a new discussion to protect the
client<00:14:47.180><c> experience</c><00:14:48.180><c> so</c><00:14:49.019><c> the</c><00:14:49.860><c> client</c><00:14:50.220><c> logic</c><00:14:50.490><c> by</c>

00:14:50.600 --> 00:14:50.610 align:start position:0%
client experience so the client logic by
 

00:14:50.610 --> 00:14:52.850 align:start position:0%
client experience so the client logic by
default<00:14:51.029><c> will</c><00:14:51.420><c> try</c><00:14:51.720><c> a</c><00:14:52.019><c> ton</c><00:14:52.380><c> of</c><00:14:52.410><c> real</c><00:14:52.680><c> layers</c>

00:14:52.850 --> 00:14:52.860 align:start position:0%
default will try a ton of real layers
 

00:14:52.860 --> 00:14:55.250 align:start position:0%
default will try a ton of real layers
and<00:14:53.370><c> like</c><00:14:53.519><c> retry</c><00:14:54.360><c> so</c><00:14:54.600><c> like</c><00:14:54.779><c> there's</c><00:14:54.990><c> more</c>

00:14:55.250 --> 00:14:55.260 align:start position:0%
and like retry so like there's more
 

00:14:55.260 --> 00:14:57.680 align:start position:0%
and like retry so like there's more
filler<00:14:55.950><c> risk</c><00:14:56.279><c> that</c><00:14:56.519><c> real</c><00:14:56.760><c> layers</c><00:14:56.940><c> get</c><00:14:57.240><c> screwed</c>

00:14:57.680 --> 00:14:57.690 align:start position:0%
filler risk that real layers get screwed
 

00:14:57.690 --> 00:15:00.110 align:start position:0%
filler risk that real layers get screwed
but<00:14:58.230><c> we'd</c><00:14:58.740><c> rather</c><00:14:58.890><c> be</c><00:14:59.040><c> competing</c><00:14:59.700><c> effectively</c>

00:15:00.110 --> 00:15:00.120 align:start position:0%
but we'd rather be competing effectively
 

00:15:00.120 --> 00:15:01.910 align:start position:0%
but we'd rather be competing effectively
right<00:15:00.450><c> with</c><00:15:00.690><c> its</c><00:15:00.870><c> parts</c><00:15:01.140><c> if</c><00:15:01.260><c> it</c><00:15:01.350><c> can</c><00:15:01.470><c> move</c><00:15:01.620><c> it</c>

00:15:01.910 --> 00:15:01.920 align:start position:0%
right with its parts if it can move it
 

00:15:01.920 --> 00:15:03.290 align:start position:0%
right with its parts if it can move it
can<00:15:01.950><c> rather</c><00:15:02.220><c> push</c><00:15:02.490><c> the</c><00:15:02.640><c> competition</c><00:15:03.149><c> to</c>

00:15:03.290 --> 00:15:03.300 align:start position:0%
can rather push the competition to
 

00:15:03.300 --> 00:15:04.639 align:start position:0%
can rather push the competition to
realize<00:15:03.570><c> anything</c><00:15:03.839><c> a</c><00:15:03.990><c> little</c><00:15:04.079><c> more</c><00:15:04.200><c> expensive</c>

00:15:04.639 --> 00:15:04.649 align:start position:0%
realize anything a little more expensive
 

00:15:04.649 --> 00:15:06.170 align:start position:0%
realize anything a little more expensive
to<00:15:04.709><c> them</c><00:15:04.860><c> that</c><00:15:05.100><c> make</c><00:15:05.250><c> the</c><00:15:05.490><c> client</c><00:15:05.970><c> experience</c>

00:15:06.170 --> 00:15:06.180 align:start position:0%
to them that make the client experience
 

00:15:06.180 --> 00:15:10.160 align:start position:0%
to them that make the client experience
horse<00:15:06.510><c> but</c><00:15:07.320><c> like</c><00:15:08.160><c> the</c><00:15:08.370><c> really</c><00:15:09.329><c> the</c><00:15:10.019><c> way</c><00:15:10.140><c> you</c>

00:15:10.160 --> 00:15:10.170 align:start position:0%
horse but like the really the way you
 

00:15:10.170 --> 00:15:11.449 align:start position:0%
horse but like the really the way you
completely<00:15:10.529><c> solve</c><00:15:10.769><c> the</c><00:15:10.829><c> problem</c><00:15:11.160><c> is</c><00:15:11.279><c> just</c>

00:15:11.449 --> 00:15:11.459 align:start position:0%
completely solve the problem is just
 

00:15:11.459 --> 00:15:18.829 align:start position:0%
completely solve the problem is just
like<00:15:11.610><c> seven</c><00:15:11.910><c> to</c><00:15:12.000><c> everyone</c><00:15:16.820><c> yes</c><00:15:17.850><c> so</c><00:15:18.600><c> that</c><00:15:18.720><c> will</c>

00:15:18.829 --> 00:15:18.839 align:start position:0%
like seven to everyone yes so that will
 

00:15:18.839 --> 00:15:22.639 align:start position:0%
like seven to everyone yes so that will
factor<00:15:19.230><c> into</c><00:15:19.940><c> yes</c><00:15:20.940><c> it</c><00:15:21.180><c> so</c><00:15:21.390><c> yeah</c><00:15:22.110><c> and</c><00:15:22.410><c> there's</c><00:15:22.589><c> a</c>

00:15:22.639 --> 00:15:22.649 align:start position:0%
factor into yes it so yeah and there's a
 

00:15:22.649 --> 00:15:24.319 align:start position:0%
factor into yes it so yeah and there's a
trade-off<00:15:22.890><c> here</c><00:15:23.130><c> and</c><00:15:23.459><c> fundamentally</c><00:15:24.209><c> what</c>

00:15:24.319 --> 00:15:24.329 align:start position:0%
trade-off here and fundamentally what
 

00:15:24.329 --> 00:15:25.579 align:start position:0%
trade-off here and fundamentally what
happens<00:15:24.600><c> there</c><00:15:24.750><c> that's</c><00:15:24.959><c> just</c><00:15:25.110><c> factors</c><00:15:25.440><c> and</c>

00:15:25.579 --> 00:15:25.589 align:start position:0%
happens there that's just factors and
 

00:15:25.589 --> 00:15:30.019 align:start position:0%
happens there that's just factors and
select<00:15:25.829><c> the</c><00:15:25.950><c> piece</c><00:15:28.670><c> it's</c><00:15:29.670><c> like</c><00:15:29.820><c> another</c>

00:15:30.019 --> 00:15:30.029 align:start position:0%
select the piece it's like another
 

00:15:30.029 --> 00:15:36.130 align:start position:0%
select the piece it's like another
possible<00:15:30.600><c> so</c><00:15:30.750><c> once</c><00:15:30.959><c> it's</c><00:15:31.170><c> -</c><00:15:31.470><c> its</c><00:15:31.680><c> kind</c><00:15:31.890><c> of</c>

00:15:36.130 --> 00:15:36.140 align:start position:0%
 
 

00:15:36.140 --> 00:15:41.460 align:start position:0%
 
yeah

00:15:41.460 --> 00:15:41.470 align:start position:0%
 
 

00:15:41.470 --> 00:15:45.150 align:start position:0%
 
yeah<00:15:42.040><c> it's</c><00:15:42.370><c> it's</c><00:15:42.670><c> it's</c><00:15:43.240><c> paying</c><00:15:44.080><c> for</c><00:15:44.560><c> not</c>

00:15:45.150 --> 00:15:45.160 align:start position:0%
yeah it's it's it's paying for not
 

00:15:45.160 --> 00:15:47.730 align:start position:0%
yeah it's it's it's paying for not
having<00:15:45.490><c> away</c><00:15:45.700><c> Jason</c><00:15:46.570><c> right</c><00:15:47.260><c> that's</c><00:15:47.440><c> the</c><00:15:47.530><c> same</c>

00:15:47.730 --> 00:15:47.740 align:start position:0%
having away Jason right that's the same
 

00:15:47.740 --> 00:15:51.420 align:start position:0%
having away Jason right that's the same
problem<00:15:47.980><c> so</c><00:15:48.580><c> talk</c><00:15:49.420><c> to</c><00:15:49.630><c> them</c><00:15:49.810><c> as</c><00:15:50.160><c> well</c><00:15:51.220><c> like</c>

00:15:51.420 --> 00:15:51.430 align:start position:0%
problem so talk to them as well like
 

00:15:51.430 --> 00:15:53.460 align:start position:0%
problem so talk to them as well like
proposal<00:15:52.090><c> that</c><00:15:52.180><c> there</c><00:15:52.390><c> might</c><00:15:52.600><c> be</c><00:15:52.630><c> they</c><00:15:53.230><c> have</c>

00:15:53.460 --> 00:15:53.470 align:start position:0%
proposal that there might be they have
 

00:15:53.470 --> 00:15:56.460 align:start position:0%
proposal that there might be they have
some<00:15:53.650><c> sort</c><00:15:53.830><c> of</c><00:15:53.920><c> Mantle's</c><00:15:54.900><c> and</c><00:15:55.900><c> they</c><00:15:56.200><c> were</c><00:15:56.260><c> you</c>

00:15:56.460 --> 00:15:56.470 align:start position:0%
some sort of Mantle's and they were you
 

00:15:56.470 --> 00:15:59.070 align:start position:0%
some sort of Mantle's and they were you
air<00:15:56.620><c> scared</c><00:15:57.430><c> and</c><00:15:57.610><c> I'm</c><00:15:57.730><c> also</c><00:15:58.000><c> they</c><00:15:58.420><c> like</c><00:15:58.660><c> don't</c>

00:15:59.070 --> 00:15:59.080 align:start position:0%
air scared and I'm also they like don't
 

00:15:59.080 --> 00:16:08.110 align:start position:0%
air scared and I'm also they like don't
execute<00:15:59.770><c> the</c><00:16:00.070><c> same</c>

00:16:08.110 --> 00:16:08.120 align:start position:0%
 
 

00:16:08.120 --> 00:16:10.499 align:start position:0%
 
but<00:16:08.689><c> then</c>

00:16:10.499 --> 00:16:10.509 align:start position:0%
but then
 

00:16:10.509 --> 00:16:13.379 align:start position:0%
but then
the<00:16:11.079><c> obvious</c><00:16:11.739><c> well</c><00:16:12.339><c> it</c><00:16:12.489><c> says</c><00:16:12.759><c> the</c><00:16:12.790><c> way</c><00:16:12.970><c> -</c><00:16:13.239><c> it</c>

00:16:13.379 --> 00:16:13.389 align:start position:0%
the obvious well it says the way - it
 

00:16:13.389 --> 00:16:15.299 align:start position:0%
the obvious well it says the way - it
away<00:16:13.569><c> don't</c><00:16:13.629><c> realize</c><00:16:13.989><c> on</c><00:16:14.169><c> these</c><00:16:14.350><c> yeah</c><00:16:14.859><c> the</c>

00:16:15.299 --> 00:16:15.309 align:start position:0%
away don't realize on these yeah the
 

00:16:15.309 --> 00:16:17.359 align:start position:0%
away don't realize on these yeah the
very<00:16:15.609><c> condition</c><00:16:16.059><c> does</c><00:16:16.179><c> not</c><00:16:16.209><c> share</c><00:16:16.689><c> your</c><00:16:16.899><c> stuff</c>

00:16:17.359 --> 00:16:17.369 align:start position:0%
very condition does not share your stuff
 

00:16:17.369 --> 00:16:36.809 align:start position:0%
very condition does not share your stuff
yeah<00:16:27.359><c> so</c><00:16:32.759><c> if</c><00:16:33.759><c> you</c><00:16:34.470><c> say</c><00:16:35.470><c> that</c><00:16:36.100><c> brochure</c><00:16:36.459><c> go</c><00:16:36.639><c> he</c>

00:16:36.809 --> 00:16:36.819 align:start position:0%
yeah so if you say that brochure go he
 

00:16:36.819 --> 00:16:39.239 align:start position:0%
yeah so if you say that brochure go he
is<00:16:36.850><c> the</c><00:16:37.089><c> dealer</c><00:16:37.389><c> and</c><00:16:38.069><c> broadcast</c><00:16:39.069><c> the</c>

00:16:39.239 --> 00:16:39.249 align:start position:0%
is the dealer and broadcast the
 

00:16:39.249 --> 00:16:41.009 align:start position:0%
is the dealer and broadcast the
transaction<00:16:39.759><c> is</c><00:16:39.879><c> something</c><00:16:40.299><c> to</c><00:16:40.540><c> do</c><00:16:40.660><c> to</c><00:16:40.839><c> all</c>

00:16:41.009 --> 00:16:41.019 align:start position:0%
transaction is something to do to all
 

00:16:41.019 --> 00:16:43.079 align:start position:0%
transaction is something to do to all
three<00:16:41.350><c> layers</c><00:16:41.619><c> so</c><00:16:42.429><c> how</c><00:16:42.579><c> is</c><00:16:42.639><c> this</c><00:16:42.850><c> ninja</c>

00:16:43.079 --> 00:16:43.089 align:start position:0%
three layers so how is this ninja
 

00:16:43.089 --> 00:16:44.939 align:start position:0%
three layers so how is this ninja
learning<00:16:43.600><c> it's</c><00:16:43.749><c> every</c><00:16:44.109><c> layer</c><00:16:44.410><c> they</c><00:16:44.679><c> can</c><00:16:44.829><c> have</c>

00:16:44.939 --> 00:16:44.949 align:start position:0%
learning it's every layer they can have
 

00:16:44.949 --> 00:16:47.150 align:start position:0%
learning it's every layer they can have
a<00:16:44.980><c> different</c><00:16:45.309><c> feel</c>

00:16:47.150 --> 00:16:47.160 align:start position:0%
a different feel
 

00:16:47.160 --> 00:16:49.379 align:start position:0%
a different feel
don't<00:16:48.160><c> listen</c><00:16:48.309><c> to</c><00:16:48.489><c> the</c><00:16:48.639><c> only</c><00:16:48.939><c> one</c><00:16:49.119><c> the</c><00:16:49.269><c> good</c>

00:16:49.379 --> 00:16:49.389 align:start position:0%
don't listen to the only one the good
 

00:16:49.389 --> 00:16:53.840 align:start position:0%
don't listen to the only one the good
waiter<00:16:49.569><c> also</c><00:16:49.989><c> excuse</c><00:16:51.329><c> my</c><00:16:52.329><c> as</c><00:16:52.449><c> a</c><00:16:52.480><c> customer</c><00:16:53.109><c> I</c>

00:16:53.840 --> 00:16:53.850 align:start position:0%
waiter also excuse my as a customer I
 

00:16:53.850 --> 00:16:56.660 align:start position:0%
waiter also excuse my as a customer I
mean<00:16:54.850><c> every</c><00:16:55.179><c> layer</c><00:16:55.449><c> chart</c><00:16:55.839><c> is</c><00:16:55.929><c> a</c><00:16:55.959><c> different</c>

00:16:56.660 --> 00:16:56.670 align:start position:0%
mean every layer chart is a different
 

00:16:56.670 --> 00:16:58.460 align:start position:0%
mean every layer chart is a different
and<00:16:56.760><c> they</c><00:16:56.880><c> choose</c><00:16:57.120><c> which</c><00:16:57.360><c> video</c><00:16:57.660><c> images</c><00:16:58.050><c> they</c>

00:16:58.460 --> 00:16:58.470 align:start position:0%
and they choose which video images they
 

00:16:58.470 --> 00:17:01.220 align:start position:0%
and they choose which video images they
woman<00:16:58.700><c> but</c><00:16:59.700><c> then</c><00:16:59.850><c> if</c><00:17:00.330><c> I</c><00:17:00.510><c> just</c><00:17:00.540><c> brought</c><00:17:01.050><c> a</c>

00:17:01.220 --> 00:17:01.230 align:start position:0%
woman but then if I just brought a
 

00:17:01.230 --> 00:17:03.250 align:start position:0%
woman but then if I just brought a
stranded<00:17:01.620><c> by</c><00:17:01.740><c> the</c><00:17:01.770><c> am</c><00:17:02.070><c> I</c><00:17:02.160><c> expecting</c><00:17:02.820><c> like</c>

00:17:03.250 --> 00:17:03.260 align:start position:0%
stranded by the am I expecting like
 

00:17:03.260 --> 00:17:07.280 align:start position:0%
stranded by the am I expecting like
anything<00:17:04.260><c> or</c><00:17:05.300><c> well</c><00:17:06.300><c> only</c><00:17:06.510><c> the</c><00:17:06.630><c> lowest</c><00:17:06.870><c> final</c>

00:17:07.280 --> 00:17:07.290 align:start position:0%
anything or well only the lowest final
 

00:17:07.290 --> 00:17:13.070 align:start position:0%
anything or well only the lowest final
or<00:17:07.560><c> yeah</c><00:17:08.250><c> else</c><00:17:08.700><c> might</c><00:17:09.000><c> arrange</c><00:17:11.660><c> yeah</c><00:17:12.660><c> there's</c>

00:17:13.070 --> 00:17:13.080 align:start position:0%
or yeah else might arrange yeah there's
 

00:17:13.080 --> 00:17:15.920 align:start position:0%
or yeah else might arrange yeah there's
like<00:17:13.260><c> a</c><00:17:13.320><c> bunch</c><00:17:13.590><c> like</c><00:17:13.800><c> you</c><00:17:14.190><c> might</c><00:17:14.550><c> say</c><00:17:14.930><c> there's</c>

00:17:15.920 --> 00:17:15.930 align:start position:0%
like a bunch like you might say there's
 

00:17:15.930 --> 00:17:17.540 align:start position:0%
like a bunch like you might say there's
some<00:17:16.140><c> some</c><00:17:16.500><c> credit</c><00:17:16.830><c> you</c><00:17:17.040><c> can</c><00:17:17.160><c> define</c><00:17:17.520><c> a</c>

00:17:17.540 --> 00:17:17.550 align:start position:0%
some some credit you can define a
 

00:17:17.550 --> 00:17:19.610 align:start position:0%
some some credit you can define a
nor'easter<00:17:18.060><c> success</c><00:17:18.690><c> I'm</c><00:17:18.870><c> driving</c><00:17:19.380><c> and</c>

00:17:19.610 --> 00:17:19.620 align:start position:0%
nor'easter success I'm driving and
 

00:17:19.620 --> 00:17:21.470 align:start position:0%
nor'easter success I'm driving and
depending<00:17:20.610><c> on</c><00:17:20.730><c> kind</c><00:17:20.910><c> of</c><00:17:21.000><c> like</c><00:17:21.180><c> how</c>

00:17:21.470 --> 00:17:21.480 align:start position:0%
depending on kind of like how
 

00:17:21.480 --> 00:17:23.340 align:start position:0%
depending on kind of like how
restrictive

00:17:23.340 --> 00:17:23.350 align:start position:0%
restrictive
 

00:17:23.350 --> 00:17:25.590 align:start position:0%
restrictive
it<00:17:23.529><c> is</c><00:17:23.709><c> like</c><00:17:24.669><c> how</c><00:17:24.850><c> much</c><00:17:24.970><c> cheap</c><00:17:25.120><c> and</c><00:17:25.329><c> how</c><00:17:25.449><c> much</c>

00:17:25.590 --> 00:17:25.600 align:start position:0%
it is like how much cheap and how much
 

00:17:25.600 --> 00:17:39.680 align:start position:0%
it is like how much cheap and how much
you<00:17:25.689><c> make</c><00:17:25.870><c> changes</c><00:17:27.059><c> like</c><00:17:28.059><c> I</c><00:17:28.089><c> feel</c><00:17:29.009><c> yes</c>

00:17:39.680 --> 00:17:39.690 align:start position:0%
 
 

00:17:39.690 --> 00:17:41.910 align:start position:0%
 
other<00:17:40.290><c> questions</c>

00:17:41.910 --> 00:17:41.920 align:start position:0%
other questions
 

00:17:41.920 --> 00:17:49.830 align:start position:0%
other questions
oh<00:17:44.760><c> how</c><00:17:45.760><c> do</c><00:17:45.820><c> you</c><00:17:45.910><c> do</c><00:17:46.060><c> loose</c><00:17:46.450><c> track</c><00:17:46.780><c> reputation</c>

00:17:49.830 --> 00:17:49.840 align:start position:0%
 
 

00:17:49.840 --> 00:17:58.549 align:start position:0%
 
yeah<00:17:50.379><c> that's</c><00:17:50.799><c> really</c><00:17:51.009><c> tricky</c><00:17:52.740><c> not</c><00:17:55.710><c> obvious</c>

00:17:58.549 --> 00:17:58.559 align:start position:0%
yeah that's really tricky not obvious
 

00:17:58.559 --> 00:18:00.919 align:start position:0%
yeah that's really tricky not obvious
for<00:17:59.559><c> an</c><00:17:59.620><c> answer</c>

00:18:00.919 --> 00:18:00.929 align:start position:0%
for an answer
 

00:18:00.929 --> 00:18:04.560 align:start position:0%
for an answer
one<00:18:01.929><c> one</c><00:18:02.350><c> one</c><00:18:02.740><c> mechanism</c><00:18:03.700><c> is</c><00:18:04.059><c> it</c><00:18:04.210><c> just</c><00:18:04.360><c> kind</c><00:18:04.450><c> of</c>

00:18:04.560 --> 00:18:04.570 align:start position:0%
one one one mechanism is it just kind of
 

00:18:04.570 --> 00:18:06.389 align:start position:0%
one one one mechanism is it just kind of
like<00:18:04.659><c> have</c><00:18:04.870><c> like</c><00:18:05.649><c> the</c><00:18:05.769><c> kind</c><00:18:06.129><c> of</c><00:18:06.190><c> naive</c>

00:18:06.389 --> 00:18:06.399 align:start position:0%
like have like the kind of naive
 

00:18:06.399 --> 00:18:08.129 align:start position:0%
like have like the kind of naive
mechanism<00:18:06.850><c> that</c><00:18:06.970><c> we've</c><00:18:07.149><c> been</c><00:18:07.299><c> thinking</c><00:18:07.870><c> about</c>

00:18:08.129 --> 00:18:08.139 align:start position:0%
mechanism that we've been thinking about
 

00:18:08.139 --> 00:18:11.299 align:start position:0%
mechanism that we've been thinking about
sort<00:18:08.350><c> of</c><00:18:08.409><c> is</c><00:18:08.889><c> just</c>

00:18:11.299 --> 00:18:11.309 align:start position:0%
sort of is just
 

00:18:11.309 --> 00:18:19.409 align:start position:0%
sort of is just
Oh

00:18:19.409 --> 00:18:19.419 align:start position:0%
 
 

00:18:19.419 --> 00:18:22.249 align:start position:0%
 
but<00:18:20.419><c> obviously</c>

00:18:22.249 --> 00:18:22.259 align:start position:0%
but obviously
 

00:18:22.259 --> 00:18:25.409 align:start position:0%
but obviously
that<00:18:23.259><c> only</c><00:18:23.889><c> distracts</c><00:18:24.519><c> the</c><00:18:24.639><c> amount</c><00:18:24.850><c> of</c><00:18:25.149><c> the</c>

00:18:25.409 --> 00:18:25.419 align:start position:0%
that only distracts the amount of the
 

00:18:25.419 --> 00:18:30.920 align:start position:0%
that only distracts the amount of the
membership<00:18:26.259><c> many</c><00:18:26.350><c> times</c>

00:18:30.920 --> 00:18:30.930 align:start position:0%
 
 

00:18:30.930 --> 00:18:35.680 align:start position:0%
 
we<00:18:31.470><c> use</c><00:18:31.740><c> a</c><00:18:31.770><c> reputation</c><00:18:32.400><c> as</c><00:18:33.290><c> the</c><00:18:34.290><c> truth</c>

00:18:35.680 --> 00:18:35.690 align:start position:0%
we use a reputation as the truth
 

00:18:35.690 --> 00:18:41.830 align:start position:0%
we use a reputation as the truth
yeah<00:18:37.900><c> but</c><00:18:39.310><c> follow</c><00:18:40.310><c> them</c><00:18:40.580><c> like</c><00:18:41.030><c> they</c><00:18:41.300><c> are</c><00:18:41.480><c> like</c>

00:18:41.830 --> 00:18:41.840 align:start position:0%
yeah but follow them like they are like
 

00:18:41.840 --> 00:18:47.629 align:start position:0%
yeah but follow them like they are like
newlyweds<00:18:44.410><c> everywhere</c>

00:18:47.629 --> 00:18:47.639 align:start position:0%
 
 

00:18:47.639 --> 00:18:49.250 align:start position:0%
 
yeah

00:18:49.250 --> 00:18:49.260 align:start position:0%
yeah
 

00:18:49.260 --> 00:18:52.050 align:start position:0%
yeah
[Music]

00:18:52.050 --> 00:18:52.060 align:start position:0%
[Music]
 

00:18:52.060 --> 00:18:55.920 align:start position:0%
[Music]
there<00:18:52.630><c> is</c><00:18:52.840><c> a</c><00:18:53.320><c> tendency</c><00:18:54.310><c> yeah</c><00:18:54.820><c> I</c><00:18:55.090><c> guess</c><00:18:55.510><c> I</c><00:18:55.720><c> guess</c>

00:18:55.920 --> 00:18:55.930 align:start position:0%
there is a tendency yeah I guess I guess
 

00:18:55.930 --> 00:18:59.100 align:start position:0%
there is a tendency yeah I guess I guess
one<00:18:56.320><c> thing</c><00:18:56.350><c> you</c><00:18:56.740><c> could</c><00:18:56.980><c> do</c><00:18:57.220><c> so</c><00:18:57.850><c> right</c><00:18:58.000><c> now</c><00:18:58.150><c> this</c>

00:18:59.100 --> 00:18:59.110 align:start position:0%
one thing you could do so right now this
 

00:18:59.110 --> 00:19:02.510 align:start position:0%
one thing you could do so right now this
is<00:18:59.170><c> certainly</c><00:18:59.800><c> a</c><00:19:00.310><c> challenge</c>

00:19:02.510 --> 00:19:02.520 align:start position:0%
is certainly a challenge
 

00:19:02.520 --> 00:19:03.980 align:start position:0%
is certainly a challenge
you've<00:19:03.059><c> been</c><00:19:03.240><c> around</c><00:19:03.480><c> for</c><00:19:03.780><c> a</c><00:19:03.809><c> long</c><00:19:03.929><c> time</c>

00:19:03.980 --> 00:19:03.990 align:start position:0%
you've been around for a long time
 

00:19:03.990 --> 00:19:05.960 align:start position:0%
you've been around for a long time
there's<00:19:04.590><c> a</c><00:19:04.650><c> higher</c><00:19:04.890><c> chance</c><00:19:04.920><c> to</c><00:19:05.370><c> discover</c><00:19:05.820><c> the</c>

00:19:05.960 --> 00:19:05.970 align:start position:0%
there's a higher chance to discover the
 

00:19:05.970 --> 00:19:09.290 align:start position:0%
there's a higher chance to discover the
future<00:19:06.350><c> yeah</c><00:19:07.380><c> but</c><00:19:08.100><c> the</c><00:19:08.429><c> one</c><00:19:08.640><c> thing</c><00:19:09.030><c> that</c><00:19:09.179><c> you</c>

00:19:09.290 --> 00:19:09.300 align:start position:0%
future yeah but the one thing that you
 

00:19:09.300 --> 00:19:11.870 align:start position:0%
future yeah but the one thing that you
can<00:19:09.510><c> do</c><00:19:09.660><c> is</c><00:19:09.809><c> have</c><00:19:09.929><c> like</c><00:19:10.260><c> some</c><00:19:10.670><c> ability</c><00:19:11.670><c> to</c><00:19:11.700><c> kind</c>

00:19:11.870 --> 00:19:11.880 align:start position:0%
can do is have like some ability to kind
 

00:19:11.880 --> 00:19:19.040 align:start position:0%
can do is have like some ability to kind
of<00:19:11.970><c> like</c><00:19:12.090><c> react</c><00:19:12.480><c> on</c><00:19:12.630><c> your</c><00:19:16.309><c> might</c><00:19:17.309><c> be</c><00:19:17.460><c> like</c><00:19:18.050><c> you</c>

00:19:19.040 --> 00:19:19.050 align:start position:0%
of like react on your might be like you
 

00:19:19.050 --> 00:19:21.350 align:start position:0%
of like react on your might be like you
can<00:19:19.230><c> use</c><00:19:19.470><c> everywhere</c><00:19:20.010><c> repetition</c><00:19:20.760><c> we</c><00:19:21.210><c> can</c>

00:19:21.350 --> 00:19:21.360 align:start position:0%
can use everywhere repetition we can
 

00:19:21.360 --> 00:19:27.410 align:start position:0%
can use everywhere repetition we can
isn't<00:19:21.510><c> but</c><00:19:21.750><c> enough</c><00:19:21.960><c> like</c><00:19:22.170><c> every</c><00:19:22.590><c> request</c><00:19:26.420><c> for</c>

00:19:27.410 --> 00:19:27.420 align:start position:0%
isn't but enough like every request for
 

00:19:27.420 --> 00:19:31.720 align:start position:0%
isn't but enough like every request for
your<00:19:27.510><c> petition</c><00:19:27.840><c> points</c><00:19:28.290><c> to</c><00:19:28.410><c> choose</c><00:19:28.620><c> anywhere</c>

00:19:31.720 --> 00:19:31.730 align:start position:0%
 
 

00:19:31.730 --> 00:19:40.750 align:start position:0%
 
Brendan<00:19:32.510><c> Samsung</c><00:19:33.230><c> yet</c><00:19:38.260><c> for</c><00:19:39.260><c> Santa</c><00:19:39.529><c> client</c><00:19:39.919><c> the</c>

00:19:40.750 --> 00:19:40.760 align:start position:0%
Brendan Samsung yet for Santa client the
 

00:19:40.760 --> 00:19:43.539 align:start position:0%
Brendan Samsung yet for Santa client the
others<00:19:41.029><c> basically</c><00:19:41.299><c> the</c><00:19:41.690><c> beach</c><00:19:41.919><c> around</c><00:19:42.919><c> that's</c>

00:19:43.539 --> 00:19:43.549 align:start position:0%
others basically the beach around that's
 

00:19:43.549 --> 00:19:49.880 align:start position:0%
others basically the beach around that's
how<00:19:43.789><c> they</c><00:19:46.360><c> sign</c><00:19:47.360><c> up</c><00:19:47.389><c> next</c>

00:19:49.880 --> 00:19:49.890 align:start position:0%
 
 

00:19:49.890 --> 00:19:51.840 align:start position:0%
 
[Music]

00:19:51.840 --> 00:19:51.850 align:start position:0%
[Music]
 

00:19:51.850 --> 00:19:56.460 align:start position:0%
[Music]
exactly<00:19:52.850><c> it's</c><00:19:52.970><c> in</c><00:19:53.030><c> this</c><00:19:53.120><c> line</c><00:19:54.070><c> yes</c><00:19:55.070><c> the</c><00:19:55.190><c> idea</c>

00:19:56.460 --> 00:19:56.470 align:start position:0%
exactly it's in this line yes the idea
 

00:19:56.470 --> 00:19:59.010 align:start position:0%
exactly it's in this line yes the idea
sander<00:19:57.470><c> anything</c><00:19:57.740><c> else</c>

00:19:59.010 --> 00:19:59.020 align:start position:0%
sander anything else
 

00:19:59.020 --> 00:20:00.880 align:start position:0%
sander anything else
[Music]

00:20:00.880 --> 00:20:00.890 align:start position:0%
[Music]
 

00:20:00.890 --> 00:20:03.350 align:start position:0%
[Music]
I'm<00:20:01.890><c> not</c><00:20:02.100><c> sure</c><00:20:02.220><c> what's</c><00:20:02.400><c> that</c><00:20:02.580><c> memory</c><00:20:02.880><c> was</c><00:20:03.090><c> but</c>

00:20:03.350 --> 00:20:03.360 align:start position:0%
I'm not sure what's that memory was but
 

00:20:03.360 --> 00:20:06.050 align:start position:0%
I'm not sure what's that memory was but
there<00:20:03.840><c> was</c><00:20:03.870><c> like</c><00:20:04.110><c> a</c><00:20:04.170><c> reputation</c><00:20:05.060><c> contract</c>

00:20:06.050 --> 00:20:06.060 align:start position:0%
there was like a reputation contract
 

00:20:06.060 --> 00:20:10.330 align:start position:0%
there was like a reputation contract
site<00:20:07.190><c> which</c><00:20:08.190><c> makes</c><00:20:08.400><c> daily</c>

00:20:10.330 --> 00:20:10.340 align:start position:0%
site which makes daily
 

00:20:10.340 --> 00:20:18.919 align:start position:0%
site which makes daily
yeah<00:20:11.340><c> yeah</c><00:20:11.850><c> so</c><00:20:15.409><c> yeah</c><00:20:16.409><c> so</c><00:20:17.390><c> again</c><00:20:18.390><c> it's</c><00:20:18.510><c> purposes</c>

00:20:18.919 --> 00:20:18.929 align:start position:0%
yeah yeah so yeah so again it's purposes
 

00:20:18.929 --> 00:20:21.860 align:start position:0%
yeah yeah so yeah so again it's purposes
this<00:20:19.260><c> is</c><00:20:19.320><c> I</c><00:20:19.740><c> kind</c><00:20:20.220><c> of</c><00:20:20.279><c> went</c><00:20:20.940><c> over</c><00:20:21.120><c> these</c><00:20:21.419><c> a</c>

00:20:21.860 --> 00:20:21.870 align:start position:0%
this is I kind of went over these a
 

00:20:21.870 --> 00:20:24.500 align:start position:0%
this is I kind of went over these a
little<00:20:22.799><c> quickly</c><00:20:23.039><c> partially</c><00:20:23.580><c> because</c><00:20:23.909><c> I</c><00:20:24.210><c> have</c>

00:20:24.500 --> 00:20:24.510 align:start position:0%
little quickly partially because I have
 

00:20:24.510 --> 00:20:26.250 align:start position:0%
little quickly partially because I have
our<00:20:24.630><c> initial</c><00:20:24.720><c> implementation</c><00:20:25.440><c> but</c><00:20:25.590><c> this</c>

00:20:26.250 --> 00:20:26.260 align:start position:0%
our initial implementation but this
 

00:20:26.260 --> 00:20:28.620 align:start position:0%
our initial implementation but this
that<00:20:26.740><c> works</c><00:20:27.010><c> like</c><00:20:27.309><c> swapping</c><00:20:27.669><c> out</c><00:20:27.850><c> or</c><00:20:28.480><c> maybe</c>

00:20:28.620 --> 00:20:28.630 align:start position:0%
that works like swapping out or maybe
 

00:20:28.630 --> 00:20:31.770 align:start position:0%
that works like swapping out or maybe
like<00:20:29.790><c> boxing</c><00:20:30.790><c> some</c><00:20:30.970><c> other</c><00:20:31.120><c> system</c><00:20:31.450><c> festering</c>

00:20:31.770 --> 00:20:31.780 align:start position:0%
like boxing some other system festering
 

00:20:31.780 --> 00:20:33.299 align:start position:0%
like boxing some other system festering
reputation<00:20:32.230><c> by</c><00:20:32.410><c> a</c><00:20:32.440><c> gas</c><00:20:32.650><c> station</c><00:20:32.830><c> summer</c>

00:20:33.299 --> 00:20:33.309 align:start position:0%
reputation by a gas station summer
 

00:20:33.309 --> 00:20:37.940 align:start position:0%
reputation by a gas station summer
well<00:20:33.940><c> we</c><00:20:34.210><c> complemented</c><00:20:34.750><c> is</c><00:20:35.340><c> there's</c><00:20:36.340><c> like</c><00:20:36.610><c> a</c>

00:20:37.940 --> 00:20:37.950 align:start position:0%
well we complemented is there's like a
 

00:20:37.950 --> 00:20:41.070 align:start position:0%
well we complemented is there's like a
portion<00:20:38.950><c> of</c><00:20:38.980><c> each</c><00:20:39.580><c> relay</c><00:20:40.210><c> that</c><00:20:40.570><c> you</c><00:20:40.690><c> can</c><00:20:40.929><c> chew</c>

00:20:41.070 --> 00:20:41.080 align:start position:0%
portion of each relay that you can chew
 

00:20:41.080 --> 00:20:43.350 align:start position:0%
portion of each relay that you can chew
the<00:20:41.320><c> relay</c><00:20:41.620><c> race</c><00:20:41.740><c> horse</c><00:20:42.580><c> of</c><00:20:42.730><c> each</c><00:20:42.850><c> relay</c><00:20:43.240><c> or</c>

00:20:43.350 --> 00:20:43.360 align:start position:0%
the relay race horse of each relay or
 

00:20:43.360 --> 00:20:47.030 align:start position:0%
the relay race horse of each relay or
meet<00:20:43.600><c> with</c><00:20:43.809><c> the</c><00:20:43.990><c> relationships</c><00:20:44.650><c> and</c>

00:20:47.030 --> 00:20:47.040 align:start position:0%
meet with the relationships and
 

00:20:47.040 --> 00:20:49.150 align:start position:0%
meet with the relationships and
the<00:20:47.490><c> reputations</c><00:20:48.060><c> just</c><00:20:48.330><c> a</c><00:20:48.510><c> function</c><00:20:48.870><c> about</c>

00:20:49.150 --> 00:20:49.160 align:start position:0%
the reputations just a function about
 

00:20:49.160 --> 00:20:57.390 align:start position:0%
the reputations just a function about
the<00:20:50.160><c> number</c><00:20:50.460><c> of</c><00:20:50.550><c> times</c><00:20:51.060><c> that</c><00:20:51.150><c> related</c>

00:20:57.390 --> 00:20:57.400 align:start position:0%
 
 

00:20:57.400 --> 00:20:59.430 align:start position:0%
 
and<00:20:57.880><c> the</c><00:20:58.059><c> most</c><00:20:58.240><c> important</c><00:20:58.780><c> question</c><00:20:58.809><c> is</c><00:20:59.260><c> in</c>

00:20:59.430 --> 00:20:59.440 align:start position:0%
and the most important question is in
 

00:20:59.440 --> 00:21:05.160 align:start position:0%
and the most important question is in
production<00:20:59.650><c> rate</c><00:21:02.520><c> almost</c><00:21:03.520><c> production</c><00:21:04.240><c> spare</c>

00:21:05.160 --> 00:21:05.170 align:start position:0%
production rate almost production spare
 

00:21:05.170 --> 00:21:17.260 align:start position:0%
production rate almost production spare
cuts<00:21:10.620><c> of</c><00:21:11.620><c> course</c><00:21:13.680><c> by</c><00:21:14.680><c> the</c><00:21:14.740><c> end</c><00:21:14.830><c> of</c><00:21:15.010><c> the</c><00:21:15.070><c> month</c>

00:21:17.260 --> 00:21:17.270 align:start position:0%
 
 

00:21:17.270 --> 00:21:20.050 align:start position:0%
 
I<00:21:17.620><c> mean</c><00:21:18.620><c> we're</c><00:21:18.950><c> we're</c><00:21:19.250><c> kind</c><00:21:19.280><c> of</c><00:21:19.550><c> like</c><00:21:19.700><c> working</c>

00:21:20.050 --> 00:21:20.060 align:start position:0%
I mean we're we're kind of like working
 

00:21:20.060 --> 00:21:51.070 align:start position:0%
I mean we're we're kind of like working
together<00:21:46.630><c> everyone's</c><00:21:47.630><c> sending</c><00:21:48.080><c> money</c><00:21:50.080><c> yeah</c>

00:21:51.070 --> 00:21:51.080 align:start position:0%
together everyone's sending money yeah
 

00:21:51.080 --> 00:21:54.550 align:start position:0%
together everyone's sending money yeah
like<00:21:51.860><c> like</c><00:21:52.160><c> when</c><00:21:52.970><c> you</c><00:21:53.120><c> send</c><00:21:53.420><c> either</c><00:21:54.050><c> die</c><00:21:54.260><c> or</c>

00:21:54.550 --> 00:21:54.560 align:start position:0%
like like when you send either die or
 

00:21:54.560 --> 00:21:58.960 align:start position:0%
like like when you send either die or
whatever<00:21:54.860><c> wallets</c><00:21:55.820><c> just</c><00:21:56.300><c> default</c><00:21:56.810><c> bring</c><00:21:57.970><c> your</c>

00:21:58.960 --> 00:21:58.970 align:start position:0%
whatever wallets just default bring your
 

00:21:58.970 --> 00:22:07.840 align:start position:0%
whatever wallets just default bring your
sending<00:22:04.180><c> which</c><00:22:05.180><c> is</c><00:22:05.390><c> that</c><00:22:06.050><c> the</c><00:22:06.560><c> anonymity</c><00:22:07.550><c> set</c>

00:22:07.840 --> 00:22:07.850 align:start position:0%
sending which is that the anonymity set
 

00:22:07.850 --> 00:22:09.710 align:start position:0%
sending which is that the anonymity set
is<00:22:08.000><c> defined</c><00:22:08.420><c> by</c><00:22:08.630><c> a</c><00:22:08.660><c> comma</c>

00:22:09.710 --> 00:22:09.720 align:start position:0%
is defined by a comma
 

00:22:09.720 --> 00:22:12.830 align:start position:0%
is defined by a comma
the<00:22:10.720><c> reality</c><00:22:11.110><c> is</c><00:22:11.140><c> like</c><00:22:11.530><c> if</c><00:22:12.130><c> you're</c><00:22:12.280><c> sending</c>

00:22:12.830 --> 00:22:12.840 align:start position:0%
the reality is like if you're sending
 

00:22:12.840 --> 00:22:16.260 align:start position:0%
the reality is like if you're sending
like<00:22:13.840><c> st.</c><00:22:14.650><c> Anthony</c><00:22:15.190><c> your</c><00:22:15.850><c> product</c><00:22:16.179><c> is</c>

00:22:16.260 --> 00:22:16.270 align:start position:0%
like st. Anthony your product is
 

00:22:16.270 --> 00:22:19.240 align:start position:0%
like st. Anthony your product is
probably<00:22:16.420><c> not</c><00:22:16.660><c> going</c><00:22:16.780><c> to</c><00:22:16.840><c> ever</c><00:22:16.990><c> be</c><00:22:17.230><c> a</c><00:22:17.260><c> part</c>

00:22:19.240 --> 00:22:19.250 align:start position:0%
probably not going to ever be a part
 

00:22:19.250 --> 00:22:22.460 align:start position:0%
probably not going to ever be a part
and<00:22:20.250><c> so</c><00:22:20.519><c> there's</c><00:22:20.970><c> going</c><00:22:21.090><c> to</c><00:22:21.149><c> be</c><00:22:21.210><c> some</c><00:22:21.630><c> my</c><00:22:22.200><c> guess</c>

00:22:22.460 --> 00:22:22.470 align:start position:0%
and so there's going to be some my guess
 

00:22:22.470 --> 00:22:23.750 align:start position:0%
and so there's going to be some my guess
is<00:22:22.710><c> there</c><00:22:22.860><c> going</c><00:22:22.950><c> to</c><00:22:23.010><c> be</c><00:22:23.070><c> something</c><00:22:23.640><c> like</c>

00:22:23.750 --> 00:22:23.760 align:start position:0%
is there going to be something like
 

00:22:23.760 --> 00:22:25.430 align:start position:0%
is there going to be something like
multimodal<00:22:24.390><c> distribution</c><00:22:24.990><c> around</c><00:22:25.200><c> like</c>

00:22:25.430 --> 00:22:25.440 align:start position:0%
multimodal distribution around like
 

00:22:25.440 --> 00:22:29.269 align:start position:0%
multimodal distribution around like
which<00:22:26.269><c> specific</c><00:22:27.269><c> like</c><00:22:27.929><c> anime</c><00:22:28.710><c> be</c><00:22:28.860><c> sets</c><00:22:29.130><c> are</c>

00:22:29.269 --> 00:22:29.279 align:start position:0%
which specific like anime be sets are
 

00:22:29.279 --> 00:22:33.529 align:start position:0%
which specific like anime be sets are
like<00:22:29.460><c> really</c><00:22:29.669><c> popular</c><00:22:30.980><c> no</c><00:22:31.980><c> I</c><00:22:32.279><c> mean</c><00:22:32.610><c> the</c><00:22:32.820><c> way</c><00:22:32.940><c> it</c>

00:22:33.529 --> 00:22:33.539 align:start position:0%
like really popular no I mean the way it
 

00:22:33.539 --> 00:22:37.310 align:start position:0%
like really popular no I mean the way it
is<00:22:33.809><c> like</c><00:22:34.710><c> right</c><00:22:35.250><c> now</c><00:22:35.429><c> the</c><00:22:35.490><c> way</c><00:22:35.850><c> that</c><00:22:36.320><c> say</c>

00:22:37.310 --> 00:22:37.320 align:start position:0%
is like right now the way that say
 

00:22:37.320 --> 00:22:39.019 align:start position:0%
is like right now the way that say
tornado<00:22:37.769><c> cache</c><00:22:37.980><c> works</c><00:22:38.220><c> is</c><00:22:38.519><c> that</c><00:22:38.640><c> they</c><00:22:38.850><c> have</c><00:22:39.000><c> a</c>

00:22:39.019 --> 00:22:39.029 align:start position:0%
tornado cache works is that they have a
 

00:22:39.029 --> 00:22:41.330 align:start position:0%
tornado cache works is that they have a
specific<00:22:39.240><c> use</c><00:22:40.169><c> case</c><00:22:40.440><c> which</c><00:22:40.679><c> is</c><00:22:40.919><c> you're</c><00:22:41.130><c> trying</c>

00:22:41.330 --> 00:22:41.340 align:start position:0%
specific use case which is you're trying
 

00:22:41.340 --> 00:22:44.299 align:start position:0%
specific use case which is you're trying
to<00:22:41.610><c> disconnect</c><00:22:42.000><c> the</c><00:22:42.840><c> outputs</c><00:22:43.320><c> from</c><00:22:44.130><c> the</c>

00:22:44.299 --> 00:22:44.309 align:start position:0%
to disconnect the outputs from the
 

00:22:44.309 --> 00:22:46.310 align:start position:0%
to disconnect the outputs from the
inputs<00:22:44.700><c> so</c><00:22:45.330><c> therefore</c><00:22:45.720><c> you</c><00:22:45.809><c> have</c><00:22:45.990><c> to</c><00:22:46.019><c> have</c>

00:22:46.310 --> 00:22:46.320 align:start position:0%
inputs so therefore you have to have
 

00:22:46.320 --> 00:22:50.990 align:start position:0%
inputs so therefore you have to have
like<00:22:46.559><c> this</c><00:22:47.029><c> enforce</c><00:22:48.380><c> same</c><00:22:49.380><c> amount</c><00:22:49.740><c> on</c><00:22:49.980><c> on</c><00:22:50.789><c> both</c>

00:22:50.990 --> 00:22:51.000 align:start position:0%
like this enforce same amount on on both
 

00:22:51.000 --> 00:22:52.539 align:start position:0%
like this enforce same amount on on both
sides<00:22:51.360><c> you</c><00:22:51.539><c> can't</c>

00:22:52.539 --> 00:22:52.549 align:start position:0%
sides you can't
 

00:22:52.549 --> 00:22:55.659 align:start position:0%
sides you can't
together<00:22:53.539><c> but</c><00:22:54.349><c> if</c><00:22:54.709><c> you</c><00:22:54.859><c> look</c><00:22:55.009><c> at</c><00:22:55.159><c> say</c><00:22:55.369><c> the</c><00:22:55.399><c> Z</c>

00:22:55.659 --> 00:22:55.669 align:start position:0%
together but if you look at say the Z
 

00:22:55.669 --> 00:22:57.729 align:start position:0%
together but if you look at say the Z
cache<00:22:55.879><c> block</c><00:22:56.209><c> chain</c><00:22:56.479><c> where</c><00:22:56.749><c> they</c><00:22:56.839><c> have</c><00:22:56.989><c> just</c><00:22:57.320><c> a</c>

00:22:57.729 --> 00:22:57.739 align:start position:0%
cache block chain where they have just a
 

00:22:57.739 --> 00:23:00.190 align:start position:0%
cache block chain where they have just a
shielded<00:22:58.129><c> pool</c><00:22:58.399><c> that</c><00:22:59.149><c> anybody</c><00:22:59.599><c> can</c><00:22:59.839><c> send</c><00:23:00.019><c> any</c>

00:23:00.190 --> 00:23:00.200 align:start position:0%
shielded pool that anybody can send any
 

00:23:00.200 --> 00:23:02.469 align:start position:0%
shielded pool that anybody can send any
amount<00:23:00.529><c> into</c><00:23:01.039><c> and</c><00:23:01.519><c> then</c><00:23:01.700><c> send</c><00:23:01.999><c> that</c><00:23:02.029><c> any</c><00:23:02.269><c> not</c>

00:23:02.469 --> 00:23:02.479 align:start position:0%
amount into and then send that any not
 

00:23:02.479 --> 00:23:06.190 align:start position:0%
amount into and then send that any not
how<00:23:04.089><c> you</c><00:23:05.089><c> know</c><00:23:05.209><c> you're</c><00:23:05.539><c> you're</c><00:23:05.899><c> a</c><00:23:05.929><c> nonentity</c>

00:23:06.190 --> 00:23:06.200 align:start position:0%
how you know you're you're a nonentity
 

00:23:06.200 --> 00:23:08.469 align:start position:0%
how you know you're you're a nonentity
set<00:23:06.739><c> beyond</c><00:23:07.070><c> everybody</c><00:23:07.489><c> who's</c><00:23:07.820><c> ever</c><00:23:07.969><c> sent</c><00:23:08.299><c> on</c>

00:23:08.469 --> 00:23:08.479 align:start position:0%
set beyond everybody who's ever sent on
 

00:23:08.479 --> 00:23:11.979 align:start position:0%
set beyond everybody who's ever sent on
the<00:23:08.599><c> interpol</c><00:23:09.080><c> and</c><00:23:10.479><c> so</c><00:23:11.479><c> they</c><00:23:11.629><c> don't</c><00:23:11.749><c> they</c>

00:23:11.979 --> 00:23:11.989 align:start position:0%
the interpol and so they don't they
 

00:23:11.989 --> 00:23:13.629 align:start position:0%
the interpol and so they don't they
don't<00:23:12.019><c> enforce</c><00:23:12.589><c> like</c><00:23:12.859><c> you</c><00:23:13.039><c> have</c><00:23:13.219><c> to</c><00:23:13.339><c> send</c><00:23:13.580><c> a</c>

00:23:13.629 --> 00:23:13.639 align:start position:0%
don't enforce like you have to send a
 

00:23:13.639 --> 00:23:15.909 align:start position:0%
don't enforce like you have to send a
specific<00:23:14.089><c> amount</c><00:23:14.299><c> and</c><00:23:14.570><c> a</c><00:23:14.809><c> specific</c><00:23:15.019><c> amount</c><00:23:15.469><c> so</c>

00:23:15.909 --> 00:23:15.919 align:start position:0%
specific amount and a specific amount so
 

00:23:15.919 --> 00:23:17.709 align:start position:0%
specific amount and a specific amount so
people<00:23:16.190><c> can</c><00:23:16.279><c> set</c><00:23:16.489><c> ten</c><00:23:16.789><c> thousand</c><00:23:17.209><c> even</c><00:23:17.509><c> into</c>

00:23:17.709 --> 00:23:17.719 align:start position:0%
people can set ten thousand even into
 

00:23:17.719 --> 00:23:19.719 align:start position:0%
people can set ten thousand even into
this<00:23:17.839><c> yield</c><00:23:18.049><c> pool</c><00:23:18.409><c> and</c><00:23:18.709><c> then</c><00:23:19.159><c> send</c><00:23:19.489><c> any</c>

00:23:19.719 --> 00:23:19.729 align:start position:0%
this yield pool and then send any
 

00:23:19.729 --> 00:23:21.639 align:start position:0%
this yield pool and then send any
fraction<00:23:20.570><c> of</c><00:23:20.719><c> that</c><00:23:20.749><c> ten</c><00:23:21.109><c> thousand</c><00:23:21.529><c> team</c>

00:23:21.639 --> 00:23:21.649 align:start position:0%
fraction of that ten thousand team
 

00:23:21.649 --> 00:23:25.409 align:start position:0%
fraction of that ten thousand team
within<00:23:22.099><c> the</c><00:23:22.309><c> show</c><00:23:22.659><c> and</c><00:23:23.659><c> it's</c><00:23:23.929><c> all</c><00:23:24.019><c> being</c><00:23:24.229><c> is</c><00:23:24.529><c> if</c>

00:23:25.409 --> 00:23:25.419 align:start position:0%
within the show and it's all being is if
 

00:23:25.419 --> 00:23:27.940 align:start position:0%
within the show and it's all being is if
they<00:23:26.419><c> decide</c><00:23:26.839><c> to</c><00:23:27.019><c> be</c><00:23:27.169><c> the</c><00:23:27.200><c> poem</c><00:23:27.559><c> that</c><00:23:27.799><c> they</c>

00:23:27.940 --> 00:23:27.950 align:start position:0%
they decide to be the poem that they
 

00:23:27.950 --> 00:23:30.159 align:start position:0%
they decide to be the poem that they
might<00:23:28.129><c> need</c><00:23:28.339><c> to</c><00:23:28.489><c> think</c><00:23:28.700><c> about</c><00:23:28.820><c> yeah</c><00:23:29.749><c> what</c>

00:23:30.159 --> 00:23:30.169 align:start position:0%
might need to think about yeah what
 

00:23:30.169 --> 00:23:32.199 align:start position:0%
might need to think about yeah what
their<00:23:30.349><c> amount</c><00:23:30.679><c> that</c><00:23:31.549><c> they're</c><00:23:31.759><c> sending</c><00:23:32.089><c> out</c>

00:23:32.199 --> 00:23:32.209 align:start position:0%
their amount that they're sending out
 

00:23:32.209 --> 00:23:34.719 align:start position:0%
their amount that they're sending out
yeah<00:23:33.139><c> I</c><00:23:33.169><c> think</c><00:23:33.440><c> the</c><00:23:33.559><c> show</c><00:23:33.709><c> loophole</c><00:23:34.039><c> approach</c>

00:23:34.719 --> 00:23:34.729 align:start position:0%
yeah I think the show loophole approach
 

00:23:34.729 --> 00:23:36.549 align:start position:0%
yeah I think the show loophole approach
actually<00:23:34.969><c> this</c><00:23:35.329><c> is</c><00:23:35.479><c> what</c><00:23:35.659><c> like</c><00:23:35.929><c> this</c><00:23:36.379><c> is</c><00:23:36.529><c> a</c>

00:23:36.549 --> 00:23:36.559 align:start position:0%
actually this is what like this is a
 

00:23:36.559 --> 00:23:38.229 align:start position:0%
actually this is what like this is a
probably<00:23:36.889><c> like</c><00:23:37.070><c> you</c><00:23:37.249><c> I</c><00:23:37.339><c> might</c><00:23:37.609><c> fall</c><00:23:37.820><c> is</c><00:23:37.940><c> doing</c>

00:23:38.229 --> 00:23:38.239 align:start position:0%
probably like you I might fall is doing
 

00:23:38.239 --> 00:23:40.509 align:start position:0%
probably like you I might fall is doing
like<00:23:38.629><c> they're</c><00:23:38.869><c> kind</c><00:23:39.109><c> of</c><00:23:39.139><c> great</c><00:23:39.379><c> like</c><00:23:39.799><c> you</c><00:23:40.429><c> know</c>

00:23:40.509 --> 00:23:40.519 align:start position:0%
like they're kind of great like you know
 

00:23:40.519 --> 00:23:41.499 align:start position:0%
like they're kind of great like you know
who<00:23:40.669><c> knows</c><00:23:40.759><c> what</c><00:23:40.940><c> they're</c><00:23:41.059><c> are</c><00:23:41.149><c> going</c><00:23:41.179><c> to</c><00:23:41.450><c> do</c>

00:23:41.499 --> 00:23:41.509 align:start position:0%
who knows what they're are going to do
 

00:23:41.509 --> 00:23:42.340 align:start position:0%
who knows what they're are going to do
with<00:23:41.629><c> it</c>

00:23:42.340 --> 00:23:42.350 align:start position:0%
with it
 

00:23:42.350 --> 00:23:43.629 align:start position:0%
with it
trying<00:23:42.529><c> to</c><00:23:42.590><c> create</c><00:23:42.679><c> some</c><00:23:42.950><c> standards</c><00:23:43.340><c> around</c><00:23:43.370><c> a</c>

00:23:43.629 --> 00:23:43.639 align:start position:0%
trying to create some standards around a
 

00:23:43.639 --> 00:23:46.690 align:start position:0%
trying to create some standards around a
shitty<00:23:44.149><c> little</c><00:23:44.480><c> contract</c><00:23:44.960><c> I</c><00:23:45.860><c> think</c><00:23:46.190><c> that</c><00:23:46.549><c> is</c>

00:23:46.690 --> 00:23:46.700 align:start position:0%
shitty little contract I think that is
 

00:23:46.700 --> 00:23:49.690 align:start position:0%
shitty little contract I think that is
useful<00:23:47.029><c> for</c><00:23:47.620><c> like</c><00:23:48.620><c> I</c><00:23:48.889><c> almost</c><00:23:49.130><c> think</c><00:23:49.399><c> of</c><00:23:49.519><c> that</c>

00:23:49.690 --> 00:23:49.700 align:start position:0%
useful for like I almost think of that
 

00:23:49.700 --> 00:23:51.700 align:start position:0%
useful for like I almost think of that
as<00:23:49.850><c> like</c><00:23:49.970><c> slightly</c><00:23:50.690><c> separate</c><00:23:51.169><c> sectors</c><00:23:51.590><c> of</c>

00:23:51.700 --> 00:23:51.710 align:start position:0%
as like slightly separate sectors of
 

00:23:51.710 --> 00:23:54.879 align:start position:0%
as like slightly separate sectors of
markets<00:23:52.070><c> and</c><00:23:52.190><c> mixers</c><00:23:53.110><c> by</c><00:23:54.110><c> big</c><00:23:54.380><c> open</c><00:23:54.799><c> question</c>

00:23:54.879 --> 00:23:54.889 align:start position:0%
markets and mixers by big open question
 

00:23:54.889 --> 00:23:58.190 align:start position:0%
markets and mixers by big open question
there<00:23:55.220><c> and</c><00:23:55.309><c> I</c><00:23:55.370><c> don't</c><00:23:55.429><c> have</c><00:23:55.580><c> like</c><00:23:55.820><c> an</c><00:23:56.000><c> apostille</c>

00:23:58.190 --> 00:23:58.200 align:start position:0%
there and I don't have like an apostille
 

00:23:58.200 --> 00:23:59.940 align:start position:0%
there and I don't have like an apostille
yes

00:23:59.940 --> 00:23:59.950 align:start position:0%
yes
 

00:23:59.950 --> 00:24:02.370 align:start position:0%
yes
yes<00:24:00.850><c> like</c><00:24:01.059><c> really</c><00:24:01.480><c> really</c><00:24:01.630><c> large</c><00:24:01.840><c> how's</c><00:24:02.230><c> that</c>

00:24:02.370 --> 00:24:02.380 align:start position:0%
yes like really really large how's that
 

00:24:02.380 --> 00:24:03.889 align:start position:0%
yes like really really large how's that
effect

00:24:03.889 --> 00:24:03.899 align:start position:0%
effect
 

00:24:03.899 --> 00:24:08.329 align:start position:0%
effect
is<00:24:04.589><c> there</c><00:24:04.859><c> a</c><00:24:04.889><c> combination</c><00:24:06.409><c> that</c><00:24:07.409><c> scales</c><00:24:08.099><c> up</c>

00:24:08.329 --> 00:24:08.339 align:start position:0%
is there a combination that scales up
 

00:24:08.339 --> 00:24:13.519 align:start position:0%
is there a combination that scales up
worse<00:24:08.999><c> than</c><00:24:09.119><c> market</c><00:24:11.029><c> you</c><00:24:12.029><c> can</c><00:24:12.239><c> have</c><00:24:12.419><c> all</c><00:24:13.349><c> the</c>

00:24:13.519 --> 00:24:13.529 align:start position:0%
worse than market you can have all the
 

00:24:13.529 --> 00:24:15.280 align:start position:0%
worse than market you can have all the
potions

00:24:15.280 --> 00:24:15.290 align:start position:0%
potions
 

00:24:15.290 --> 00:24:23.130 align:start position:0%
potions
that<00:24:15.530><c> amount</c><00:24:16.190><c> of</c><00:24:16.370><c> training</c><00:24:17.000><c> for</c><00:24:17.330><c> suspense</c>

00:24:23.130 --> 00:24:23.140 align:start position:0%
 
 

00:24:23.140 --> 00:24:26.639 align:start position:0%
 
like<00:24:24.140><c> washing</c><00:24:24.560><c> fuel</c><00:24:24.800><c> in</c><00:24:24.890><c> one</c><00:24:25.130><c> show</c>

00:24:26.639 --> 00:24:26.649 align:start position:0%
like washing fuel in one show
 

00:24:26.649 --> 00:24:30.009 align:start position:0%
like washing fuel in one show
yeah<00:24:27.649><c> yeah</c><00:24:27.919><c> so</c><00:24:28.339><c> yeah</c><00:24:28.879><c> that's</c><00:24:29.179><c> a</c><00:24:29.539><c> lot</c><00:24:29.749><c> but</c><00:24:29.959><c> it's</c>

00:24:30.009 --> 00:24:30.019 align:start position:0%
yeah yeah so yeah that's a lot but it's
 

00:24:30.019 --> 00:24:33.849 align:start position:0%
yeah yeah so yeah that's a lot but it's
enough<00:24:31.059><c> segmentation</c><00:24:32.059><c> that</c><00:24:32.269><c> mighty</c><00:24:32.859><c> small</c>

00:24:33.849 --> 00:24:33.859 align:start position:0%
enough segmentation that mighty small
 

00:24:33.859 --> 00:24:38.199 align:start position:0%
enough segmentation that mighty small
around<00:24:35.169><c> deception</c><00:24:36.200><c> okay</c><00:24:36.969><c> so</c><00:24:37.969><c> there's</c><00:24:38.179><c> a</c>

00:24:38.199 --> 00:24:38.209 align:start position:0%
around deception okay so there's a
 

00:24:38.209 --> 00:24:40.919 align:start position:0%
around deception okay so there's a
trade-off<00:24:38.479><c> there</c><00:24:38.830><c> Tony</c><00:24:39.830><c> to</c><00:24:39.950><c> kind</c><00:24:40.129><c> of</c><00:24:40.159><c> like</c>

00:24:40.919 --> 00:24:40.929 align:start position:0%
trade-off there Tony to kind of like
 

00:24:40.929 --> 00:24:44.079 align:start position:0%
trade-off there Tony to kind of like
Esther<00:24:41.929><c> my</c><00:24:42.109><c> opinion</c><00:24:42.709><c> upon</c><00:24:43.099><c> your</c><00:24:43.279><c> question</c><00:24:43.609><c> I</c>

00:24:44.079 --> 00:24:44.089 align:start position:0%
Esther my opinion upon your question I
 

00:24:44.089 --> 00:24:46.389 align:start position:0%
Esther my opinion upon your question I
think<00:24:44.989><c> it's</c><00:24:45.289><c> going</c><00:24:45.440><c> to</c><00:24:45.499><c> largely</c><00:24:45.709><c> be</c><00:24:45.919><c> people</c>

00:24:46.389 --> 00:24:46.399 align:start position:0%
think it's going to largely be people
 

00:24:46.399 --> 00:24:50.049 align:start position:0%
think it's going to largely be people
who<00:24:46.580><c> want</c><00:24:46.759><c> to</c><00:24:47.719><c> do</c><00:24:48.049><c> small</c><00:24:48.529><c> amounts</c><00:24:48.889><c> to</c><00:24:49.519><c> interact</c>

00:24:50.049 --> 00:24:50.059 align:start position:0%
who want to do small amounts to interact
 

00:24:50.059 --> 00:24:52.509 align:start position:0%
who want to do small amounts to interact
with<00:24:50.769><c> contracts</c><00:24:51.769><c> for</c><00:24:51.859><c> mattresses</c><00:24:52.339><c> that</c><00:24:52.369><c> are</c>

00:24:52.509 --> 00:24:52.519 align:start position:0%
with contracts for mattresses that are
 

00:24:52.519 --> 00:24:55.539 align:start position:0%
with contracts for mattresses that are
out<00:24:52.700><c> there</c><00:24:53.149><c> so</c><00:24:53.779><c> III</c><00:24:54.619><c> think</c><00:24:54.830><c> it's</c><00:24:55.159><c> like</c><00:24:55.309><c> small</c>

00:24:55.539 --> 00:24:55.549 align:start position:0%
out there so III think it's like small
 

00:24:55.549 --> 00:25:02.160 align:start position:0%
out there so III think it's like small
amount<00:24:55.849><c> Smith</c><00:24:56.089><c> I</c><00:24:56.239><c> don't</c><00:24:56.419><c> think</c><00:24:58.269><c> but</c>

00:25:02.160 --> 00:25:02.170 align:start position:0%
 
 

00:25:02.170 --> 00:25:03.750 align:start position:0%
 
maybe<00:25:02.620><c> people</c><00:25:02.950><c> are</c><00:25:03.130><c> betting</c><00:25:03.549><c> in</c><00:25:03.700><c> a</c>

00:25:03.750 --> 00:25:03.760 align:start position:0%
maybe people are betting in a
 

00:25:03.760 --> 00:25:06.810 align:start position:0%
maybe people are betting in a
controversial<00:25:04.270><c> longer</c><00:25:05.049><c> market</c><00:25:05.500><c> or</c><00:25:05.820><c> exactly</c>

00:25:06.810 --> 00:25:06.820 align:start position:0%
controversial longer market or exactly
 

00:25:06.820 --> 00:25:09.330 align:start position:0%
controversial longer market or exactly
setting<00:25:07.299><c> up</c><00:25:07.450><c> but</c><00:25:07.720><c> voting</c><00:25:08.440><c> in</c><00:25:08.679><c> a</c><00:25:08.710><c> concert</c><00:25:09.220><c> or</c>

00:25:09.330 --> 00:25:09.340 align:start position:0%
setting up but voting in a concert or
 

00:25:09.340 --> 00:25:10.110 align:start position:0%
setting up but voting in a concert or
the<00:25:09.370><c> hours</c>

00:25:10.110 --> 00:25:10.120 align:start position:0%
the hours
 

00:25:10.120 --> 00:25:14.580 align:start position:0%
the hours
write<00:25:10.360><c> down</c><00:25:10.510><c> any</c><00:25:10.870><c> things</c><00:25:11.200><c> that</c><00:25:13.380><c> think</c><00:25:14.380><c> about</c>

00:25:14.580 --> 00:25:14.590 align:start position:0%
write down any things that think about
 

00:25:14.590 --> 00:25:17.100 align:start position:0%
write down any things that think about
texting<00:25:15.100><c> back</c><00:25:15.340><c> who</c><00:25:15.490><c> asks</c><00:25:15.820><c> like</c><00:25:16.000><c> you</c><00:25:16.179><c> want</c><00:25:16.360><c> RSVP</c>

00:25:17.100 --> 00:25:17.110 align:start position:0%
texting back who asks like you want RSVP
 

00:25:17.110 --> 00:25:18.580 align:start position:0%
texting back who asks like you want RSVP
but

00:25:18.580 --> 00:25:18.590 align:start position:0%
but
 

00:25:18.590 --> 00:25:27.350 align:start position:0%
but
[Music]

00:25:27.350 --> 00:25:27.360 align:start position:0%
 
 

00:25:27.360 --> 00:25:30.750 align:start position:0%
 
there<00:25:28.360><c> was</c><00:25:29.049><c> like</c><00:25:29.500><c> this</c><00:25:29.770><c> is</c><00:25:30.159><c> the</c><00:25:30.549><c> other</c>

00:25:30.750 --> 00:25:30.760 align:start position:0%
there was like this is the other
 

00:25:30.760 --> 00:25:32.390 align:start position:0%
there was like this is the other
holdings<00:25:31.150><c> from</c><00:25:31.390><c> the</c>

00:25:32.390 --> 00:25:32.400 align:start position:0%
holdings from the
 

00:25:32.400 --> 00:25:35.630 align:start position:0%
holdings from the
that<00:25:33.330><c> all</c><00:25:33.960><c> of</c><00:25:34.110><c> your</c><00:25:34.260><c> answers</c><00:25:34.380><c> one</c><00:25:34.770><c> about</c><00:25:35.430><c> that</c>

00:25:35.630 --> 00:25:35.640 align:start position:0%
that all of your answers one about that
 

00:25:35.640 --> 00:25:42.500 align:start position:0%
that all of your answers one about that
is<00:25:35.730><c> there</c><00:25:35.910><c> a</c><00:25:35.940><c> reason</c><00:25:36.360><c> why</c><00:25:41.180><c> you</c><00:25:42.180><c> could</c><00:25:42.360><c> be</c><00:25:42.390><c> a</c>

00:25:42.500 --> 00:25:42.510 align:start position:0%
is there a reason why you could be a
 

00:25:42.510 --> 00:25:44.240 align:start position:0%
is there a reason why you could be a
matter<00:25:42.750><c> of</c><00:25:42.870><c> like</c><00:25:43.170><c> breaking</c><00:25:43.470><c> the</c><00:25:43.620><c> link</c><00:25:43.890><c> between</c>

00:25:44.240 --> 00:25:44.250 align:start position:0%
matter of like breaking the link between
 

00:25:44.250 --> 00:25:46.340 align:start position:0%
matter of like breaking the link between
kyc<00:25:44.850><c> is</c><00:25:44.940><c> jean-denis</c><00:25:45.570><c> refers</c><00:25:45.930><c> to</c><00:25:45.960><c> the</c><00:25:46.110><c> wall</c>

00:25:46.340 --> 00:25:46.350 align:start position:0%
kyc is jean-denis refers to the wall
 

00:25:46.350 --> 00:25:50.410 align:start position:0%
kyc is jean-denis refers to the wall
yeah<00:25:46.740><c> that's</c><00:25:47.490><c> a</c><00:25:47.610><c> reality</c><00:25:48.270><c> these</c><00:25:48.570><c> days</c>

00:25:50.410 --> 00:25:50.420 align:start position:0%
yeah that's a reality these days
 

00:25:50.420 --> 00:25:55.940 align:start position:0%
yeah that's a reality these days
yeah<00:25:51.420><c> this</c><00:25:52.190><c> this</c><00:25:53.190><c> you</c><00:25:53.580><c> know</c><00:25:53.700><c> wasabi</c><00:25:54.150><c> has</c><00:25:54.950><c> -</c>

00:25:55.940 --> 00:25:55.950 align:start position:0%
yeah this this you know wasabi has -
 

00:25:55.950 --> 00:26:02.840 align:start position:0%
yeah this this you know wasabi has -
wasabi<00:25:56.630><c> segments</c><00:25:57.630><c> based</c><00:25:57.750><c> on</c><00:25:57.900><c> the</c><00:25:57.990><c> amount</c><00:26:01.850><c> they</c>

00:26:02.840 --> 00:26:02.850 align:start position:0%
wasabi segments based on the amount they
 

00:26:02.850 --> 00:26:23.870 align:start position:0%
wasabi segments based on the amount they
will<00:26:03.210><c> tell</c><00:26:03.630><c> you</c><00:26:03.840><c> how</c><00:26:22.309><c> we're</c><00:26:23.309><c> going</c><00:26:23.340><c> to</c><00:26:23.640><c> get</c><00:26:23.760><c> up</c>

00:26:23.870 --> 00:26:23.880 align:start position:0%
will tell you how we're going to get up
 

00:26:23.880 --> 00:26:25.669 align:start position:0%
will tell you how we're going to get up
into<00:26:24.090><c> a</c><00:26:24.240><c> point</c><00:26:24.450><c> one</c><00:26:24.690><c> chumps</c><00:26:25.110><c> looks</c><00:26:25.500><c> like</c><00:26:25.650><c> I</c>

00:26:25.669 --> 00:26:25.679 align:start position:0%
into a point one chumps looks like I
 

00:26:25.679 --> 00:26:33.720 align:start position:0%
into a point one chumps looks like I
might<00:26:25.830><c> have</c><00:26:25.890><c> time</c><00:26:26.070><c> to</c><00:26:26.370><c> hold</c><00:26:26.700><c> up</c>

00:26:33.720 --> 00:26:33.730 align:start position:0%
 
 

00:26:33.730 --> 00:26:38.180 align:start position:0%
 
[Applause]

