WEBVTT Kind: captions Language: en 00:00:04.650 --> 00:00:08.179 align:start position:0% okay<00:00:05.580> so<00:00:05.640> I'm<00:00:06.149> going<00:00:06.330> to<00:00:06.390> talk<00:00:06.540> about<00:00:07.069> you<00:00:08.069> know 00:00:08.179 --> 00:00:08.189 align:start position:0% okay so I'm going to talk about you know 00:00:08.189 --> 00:00:10.820 align:start position:0% okay so I'm going to talk about you know if<00:00:08.790> two<00:00:09.170> collaboration<00:00:10.170> culture<00:00:10.559> from<00:00:10.680> the 00:00:10.820 --> 00:00:10.830 align:start position:0% if two collaboration culture from the 00:00:10.830 --> 00:00:13.370 align:start position:0% if two collaboration culture from the point<00:00:11.070> of<00:00:11.160> view<00:00:11.309> of<00:00:11.370> if<00:00:11.639> two<00:00:12.170> what<00:00:13.170> this 00:00:13.370 --> 00:00:13.380 align:start position:0% point of view of if two what this 00:00:13.380 --> 00:00:15.919 align:start position:0% point of view of if two what this collaboration<00:00:13.920> mean<00:00:14.339> it<00:00:14.580> just<00:00:14.700> means<00:00:14.969> simply 00:00:15.919 --> 00:00:15.929 align:start position:0% collaboration mean it just means simply 00:00:15.929 --> 00:00:18.769 align:start position:0% collaboration mean it just means simply working<00:00:16.310> together<00:00:17.310> so<00:00:18.119> I'm<00:00:18.270> gonna<00:00:18.390> try<00:00:18.720> and 00:00:18.769 --> 00:00:18.779 align:start position:0% working together so I'm gonna try and 00:00:18.779 --> 00:00:20.769 align:start position:0% working together so I'm gonna try and and<00:00:19.349> have<00:00:19.439> celebrates<00:00:20.070> the<00:00:20.340> various 00:00:20.769 --> 00:00:20.779 align:start position:0% and have celebrates the various 00:00:20.779 --> 00:00:23.120 align:start position:0% and have celebrates the various successes<00:00:21.779> that<00:00:21.930> we've<00:00:22.079> had<00:00:22.320> in<00:00:22.710> working 00:00:23.120 --> 00:00:23.130 align:start position:0% successes that we've had in working 00:00:23.130 --> 00:00:24.710 align:start position:0% successes that we've had in working together<00:00:23.279> and<00:00:23.730> try<00:00:23.970> and<00:00:24.090> encourage<00:00:24.329> even<00:00:24.599> more 00:00:24.710 --> 00:00:24.720 align:start position:0% together and try and encourage even more 00:00:24.720 --> 00:00:26.569 align:start position:0% together and try and encourage even more collaboration<00:00:25.500> because<00:00:26.430> I<00:00:26.460> think 00:00:26.569 --> 00:00:26.579 align:start position:0% collaboration because I think 00:00:26.579 --> 00:00:28.089 align:start position:0% collaboration because I think collaboration<00:00:27.239> is<00:00:27.300> one<00:00:27.450> of<00:00:27.540> the<00:00:27.660> most 00:00:28.089 --> 00:00:28.099 align:start position:0% collaboration is one of the most 00:00:28.099 --> 00:00:30.170 align:start position:0% collaboration is one of the most important<00:00:29.099> and<00:00:29.340> precious<00:00:29.520> things<00:00:29.880> that<00:00:30.090> we 00:00:30.170 --> 00:00:30.180 align:start position:0% important and precious things that we 00:00:30.180 --> 00:00:31.970 align:start position:0% important and precious things that we have<00:00:30.419> in<00:00:30.719> this<00:00:31.050> ecosystem 00:00:31.970 --> 00:00:31.980 align:start position:0% have in this ecosystem 00:00:31.980 --> 00:00:33.620 align:start position:0% have in this ecosystem the<00:00:32.309> ecosystem<00:00:32.520> is<00:00:32.880> designed<00:00:33.329> for 00:00:33.620 --> 00:00:33.630 align:start position:0% the ecosystem is designed for 00:00:33.630 --> 00:00:35.569 align:start position:0% the ecosystem is designed for collaboration<00:00:33.780> it's<00:00:34.469> puts<00:00:34.739> collaboration<00:00:35.430> as 00:00:35.569 --> 00:00:35.579 align:start position:0% collaboration it's puts collaboration as 00:00:35.579 --> 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collaboration<00:00:47.280> and<00:00:47.820> by<00:00:47.910> that<00:00:48.089> I<00:00:48.120> mean 00:00:48.369 --> 00:00:48.379 align:start position:0% collaboration and by that I mean 00:00:48.379 --> 00:00:50.869 align:start position:0% collaboration and by that I mean collaboration<00:00:49.379> which<00:00:49.589> is<00:00:49.739> internal<00:00:50.489> to<00:00:50.699> the 00:00:50.869 --> 00:00:50.879 align:start position:0% collaboration which is internal to the 00:00:50.879 --> 00:00:52.849 align:start position:0% collaboration which is internal to the affair<00:00:51.239> micro<00:00:51.539> system<00:00:51.899> and<00:00:52.079> I<00:00:52.469> guess<00:00:52.649> that 00:00:52.849 --> 00:00:52.859 align:start position:0% affair micro system and I guess that 00:00:52.859 --> 00:00:54.349 align:start position:0% affair micro system and I guess that shouldn't<00:00:53.159> be<00:00:53.219> too<00:00:53.489> surprising<00:00:53.909> that<00:00:54.179> there 00:00:54.349 --> 00:00:54.359 align:start position:0% shouldn't be too surprising that there 00:00:54.359 --> 00:00:56.479 align:start position:0% shouldn't be too surprising that there is<00:00:54.510> collaboration<00:00:55.079> there<00:00:55.350> because<00:00:55.739> we've 00:00:56.479 --> 00:00:56.489 align:start position:0% is collaboration there because we've 00:00:56.489 --> 00:00:59.090 align:start position:0% is collaboration there because we've been<00:00:56.670> collaborating<00:00:57.120> on<00:00:57.839> the<00:00:58.199> theorem<00:00:58.530> since 00:00:59.090 --> 00:00:59.100 align:start position:0% been collaborating on the theorem since 00:00:59.100 --> 00:01:00.829 align:start position:0% been collaborating on the theorem since the<00:00:59.190> very<00:00:59.370> beginning<00:00:59.519> so<00:01:00.239> this<00:01:00.390> is<00:01:00.480> just<00:01:00.690> an 00:01:00.829 --> 00:01:00.839 align:start position:0% the very beginning so this is just an 00:01:00.839 --> 00:01:05.990 align:start position:0% the very beginning so this is just an extension<00:01:01.499> of<00:01:02.629> our<00:01:03.629> culture<00:01:04.409> the<00:01:05.190> second<00:01:05.790> part 00:01:05.990 --> 00:01:06.000 align:start position:0% extension of our culture the second part 00:01:06.000 --> 00:01:07.640 align:start position:0% extension of our culture the second part might<00:01:06.270> be<00:01:06.300> a<00:01:06.450> bit<00:01:06.600> more<00:01:06.750> surprising<00:01:07.320> and<00:01:07.500> this 00:01:07.640 --> 00:01:07.650 align:start position:0% might be a bit more surprising and this 00:01:07.650 --> 00:01:10.520 align:start position:0% might be a bit more surprising and this is<00:01:07.800> about<00:01:08.570> collaboration<00:01:09.570> between<00:01:09.900> dock 00:01:10.520 --> 00:01:10.530 align:start position:0% is about collaboration between dock 00:01:10.530 --> 00:01:12.800 align:start position:0% is about collaboration between dock chains<00:01:10.800> so<00:01:11.370> we've<00:01:11.580> seen<00:01:11.760> this<00:01:11.940> recent 00:01:12.800 --> 00:01:12.810 align:start position:0% chains so we've seen this recent 00:01:12.810 --> 00:01:15.080 align:start position:0% chains so we've seen this recent explosion<00:01:13.230> of<00:01:13.770> new<00:01:13.950> ideas<00:01:14.100> of<00:01:14.700> very<00:01:14.910> high 00:01:15.080 --> 00:01:15.090 align:start position:0% explosion of new ideas of very high 00:01:15.090 --> 00:01:17.180 align:start position:0% explosion of new ideas of very high quality<00:01:15.150> teams<00:01:15.780> and<00:01:16.230> how<00:01:16.590> can<00:01:16.650> we<00:01:16.920> make<00:01:17.070> the 00:01:17.180 --> 00:01:17.190 align:start position:0% quality teams and how can we make the 00:01:17.190 --> 00:01:19.430 align:start position:0% quality teams and how can we make the most<00:01:17.220> of<00:01:17.580> that<00:01:17.640> in<00:01:18.060> you<00:01:18.900> know<00:01:18.990> win-win 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actually<00:01:30.570> started<00:01:31.530> at<00:01:31.770> the<00:01:31.920> very<00:01:32.220> early<00:01:32.730> days 00:01:33.340 --> 00:01:33.350 align:start position:0% actually started at the very early days 00:01:33.350 --> 00:01:36.500 align:start position:0% actually started at the very early days Vitalik<00:01:34.350> already<00:01:34.770> in<00:01:35.040> January<00:01:35.400> 2014<00:01:35.970> and<00:01:36.390> in 00:01:36.500 --> 00:01:36.510 align:start position:0% Vitalik already in January 2014 and in 00:01:36.510 --> 00:01:38.630 align:start position:0% Vitalik already in January 2014 and in the<00:01:36.600> rest<00:01:36.780> of<00:01:36.930> 2014<00:01:37.380> was<00:01:37.800> already<00:01:38.220> thinking 00:01:38.630 --> 00:01:38.640 align:start position:0% the rest of 2014 was already thinking 00:01:38.640 --> 00:01:41.270 align:start position:0% the rest of 2014 was already thinking about<00:01:39.080> scalability<00:01:40.080> and<00:01:40.710> proof<00:01:40.920> of<00:01:41.010> stake 00:01:41.270 --> 00:01:41.280 align:start position:0% about scalability and proof of stake 00:01:41.280 --> 00:01:42.890 align:start position:0% about scalability and proof of stake even<00:01:41.880> before 00:01:42.890 --> 00:01:42.900 align:start position:0% even before 00:01:42.900 --> 00:01:46.550 align:start position:0% even before DEFCON<00:01:43.410> 0<00:01:43.710> even<00:01:44.280> before<00:01:44.640> a<00:01:45.120> firm<00:01:45.390> was<00:01:46.170> launched 00:01:46.550 --> 00:01:46.560 align:start position:0% DEFCON 0 even before a firm was launched 00:01:46.560 --> 00:01:49.700 align:start position:0% DEFCON 0 even before a firm was launched and<00:01:46.740> I<00:01:47.190> guess<00:01:47.400> this<00:01:48.060> culture<00:01:48.750> of<00:01:48.930> being<00:01:49.140> open 00:01:49.700 --> 00:01:49.710 align:start position:0% and I guess this culture of being open 00:01:49.710 --> 00:01:53.630 align:start position:0% and I guess this culture of being open and<00:01:49.830> transparent<00:01:50.210> kind<00:01:51.210> of<00:01:51.330> is<00:01:51.570> part<00:01:52.320> of<00:01:52.650> what 00:01:53.630 --> 00:01:53.640 align:start position:0% and transparent kind of is part of what 00:01:53.640 --> 00:01:57.320 align:start position:0% and transparent kind of is part of what we<00:01:53.730> do<00:01:53.940> a<00:01:53.970> different<00:01:54.480> foundation<00:01:55.190> and<00:01:56.330> we've 00:01:57.320 --> 00:01:57.330 align:start position:0% we do a different foundation and we've 00:01:57.330 --> 00:02:00.380 align:start position:0% we do a different foundation and we've had<00:01:58.190> contributions<00:01:59.190> from<00:01:59.250> other<00:01:59.520> other<00:01:59.850> early 00:02:00.380 --> 00:02:00.390 align:start position:0% had contributions from other other early 00:02:00.390 --> 00:02:04.450 align:start position:0% had contributions from other other early founders<00:02:00.780> in<00:02:01.760> 450<00:02:02.760> we've<00:02:02.970> had<00:02:03.120> Gavin<00:02:03.780> come<00:02:04.050> in 00:02:04.450 --> 00:02:04.460 align:start position:0% founders in 450 we've had Gavin come in 00:02:04.460 --> 00:02:08.300 align:start position:0% founders in 450 we've had Gavin come in we've<00:02:05.460> had<00:02:05.490> we've<00:02:05.970> had<00:02:06.000> Vlad<00:02:06.980> and<00:02:07.980> this 00:02:08.300 --> 00:02:08.310 align:start position:0% we've had we've had Vlad and this 00:02:08.310 --> 00:02:10.580 align:start position:0% we've had we've had Vlad and this eventually<00:02:08.580> led<00:02:09.030> to<00:02:09.060> the<00:02:09.509> the<00:02:10.019> more<00:02:10.200> paper 00:02:10.580 --> 00:02:10.590 align:start position:0% eventually led to the the more paper 00:02:10.590 --> 00:02:13.459 align:start position:0% eventually led to the the more paper which<00:02:11.009> was<00:02:11.190> the<00:02:12.120> you<00:02:12.360> know<00:02:12.390> the<00:02:12.569> first<00:02:12.810> attempt 00:02:13.459 --> 00:02:13.469 align:start position:0% which was the you know the first attempt 00:02:13.469 --> 00:02:16.110 align:start position:0% which was the you know the first attempt to<00:02:13.709> write<00:02:13.920> some<00:02:14.790> sort<00:02:15.030> of<00:02:15.150> spec 00:02:16.110 --> 00:02:16.120 align:start position:0% to write some sort of spec 00:02:16.120 --> 00:02:21.780 align:start position:0% to write some sort of spec for<00:02:16.480> serenity<00:02:16.840> for<00:02:17.380> if<00:02:17.500> to<00:02:20.400> 2016<00:02:21.400> and<00:02:21.670> maybe 00:02:21.780 --> 00:02:21.790 align:start position:0% for serenity for if to 2016 and maybe 00:02:21.790 --> 00:02:24.390 align:start position:0% for serenity for if to 2016 and maybe early<00:02:22.150> 2017<00:02:22.780> was<00:02:23.080> a<00:02:23.110> bit<00:02:23.260> of<00:02:23.349> a<00:02:23.470> downer<00:02:24.040> in 00:02:24.390 --> 00:02:24.400 align:start position:0% early 2017 was a bit of a downer in 00:02:24.400 --> 00:02:28.410 align:start position:0% early 2017 was a bit of a downer in terms<00:02:24.640> of<00:02:24.930> if<00:02:25.930> to<00:02:26.260> research<00:02:26.709> but<00:02:27.250> in<00:02:27.550> mid<00:02:27.790> 2017 00:02:28.410 --> 00:02:28.420 align:start position:0% terms of if to research but in mid 2017 00:02:28.420 --> 00:02:31.080 align:start position:0% terms of if to research but in mid 2017 we<00:02:28.810> have<00:02:29.110> if<00:02:29.560> research<00:02:30.040> come<00:02:30.280> in<00:02:30.459> and<00:02:30.700> in 00:02:31.080 --> 00:02:31.090 align:start position:0% we have if research come in and in 00:02:31.090 --> 00:02:33.089 align:start position:0% we have if research come in and in addition<00:02:31.720> to<00:02:31.870> transparency<00:02:32.590> and<00:02:32.680> open<00:02:32.950> sue 00:02:33.089 --> 00:02:33.099 align:start position:0% addition to transparency and open sue 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our research but also to<00:02:42.880> submit<00:02:43.269> their<00:02:43.420> own<00:02:43.540> ideas<00:02:43.959> and<00:02:44.170> this<00:02:44.739> kind 00:02:45.030 --> 00:02:45.040 align:start position:0% to submit their own ideas and this kind 00:02:45.040 --> 00:02:48.330 align:start position:0% to submit their own ideas and this kind of<00:02:45.130> led<00:02:45.670> to<00:02:45.700> Eve<00:02:46.150> research<00:02:46.680> which<00:02:47.680> is<00:02:47.830> a<00:02:47.860> forum 00:02:48.330 --> 00:02:48.340 align:start position:0% of led to Eve research which is a forum 00:02:48.340 --> 00:02:51.930 align:start position:0% of led to Eve research which is a forum online<00:02:48.700> to<00:02:48.970> become<00:02:49.120> a<00:02:50.220> very<00:02:51.220> active<00:02:51.640> place 00:02:51.930 --> 00:02:51.940 align:start position:0% online to become a very active place 00:02:51.940 --> 00:02:57.449 align:start position:0% online to become a very active place within<00:02:52.810> the<00:02:53.019> blockchain<00:02:53.230> space<00:02:55.200> and<00:02:56.200> in<00:02:56.739> 2018 00:02:57.449 --> 00:02:57.459 align:start position:0% within the blockchain space and in 2018 00:02:57.459 --> 00:03:01.220 align:start position:0% within the blockchain space and in 2018 a<00:02:57.730> lot<00:02:58.090> of<00:02:58.209> the<00:02:58.420> core<00:02:58.840> ideas<00:02:59.290> of<00:02:59.590> if<00:03:00.310> viewer<00:03:00.730> I 00:03:01.220 --> 00:03:01.230 align:start position:0% a lot of the core ideas of if viewer I 00:03:01.230 --> 00:03:06.059 align:start position:0% a lot of the core ideas of if viewer I born<00:03:02.230> or<00:03:02.530> solidified<00:03:03.690> during<00:03:04.690> that<00:03:04.900> time<00:03:05.170> on 00:03:06.059 --> 00:03:06.069 align:start position:0% born or solidified during that time on 00:03:06.069 --> 00:03:10.620 align:start position:0% born or solidified during that time on omni's<00:03:06.459> research<00:03:07.319> and<00:03:08.970> you<00:03:09.970> know<00:03:10.090> as<00:03:10.330> a 00:03:10.620 --> 00:03:10.630 align:start position:0% omni's research and you know as a 00:03:10.630 --> 00:03:12.449 align:start position:0% omni's research and you know as a continuation<00:03:11.140> of<00:03:11.530> research<00:03:11.950> we<00:03:12.190> have 00:03:12.449 --> 00:03:12.459 align:start position:0% continuation of research we have 00:03:12.459 --> 00:03:15.210 align:start position:0% continuation of research we have specking<00:03:13.269> and<00:03:13.510> implementation<00:03:14.319> and<00:03:14.560> here<00:03:15.130> as 00:03:15.210 --> 00:03:15.220 align:start position:0% specking and implementation and here as 00:03:15.220 --> 00:03:18.030 align:start position:0% specking and implementation and here as well<00:03:15.430> we've<00:03:15.670> tried<00:03:15.910> to<00:03:16.060> be<00:03:16.209> as<00:03:16.450> open<00:03:16.890> from<00:03:17.890> day 00:03:18.030 --> 00:03:18.040 align:start position:0% well we've tried to be as open from day 00:03:18.040 --> 00:03:22.140 align:start position:0% well we've tried to be as open from day one<00:03:18.280> partly<00:03:19.269> to<00:03:19.769> enable<00:03:20.769> early<00:03:21.130> teams<00:03:21.459> to<00:03:21.730> come 00:03:22.140 --> 00:03:22.150 align:start position:0% one partly to enable early teams to come 00:03:22.150 --> 00:03:25.199 align:start position:0% one partly to enable early teams to come in<00:03:22.299> and<00:03:23.260> you<00:03:23.890> know<00:03:23.950> this<00:03:24.160> this<00:03:24.459> may<00:03:24.790> have<00:03:25.030> been 00:03:25.199 --> 00:03:25.209 align:start position:0% in and you know this this may have been 00:03:25.209 --> 00:03:26.880 align:start position:0% in and you know this this may have been a<00:03:25.239> little<00:03:25.390> bit<00:03:25.540> chaotic<00:03:25.989> for<00:03:26.530> the<00:03:26.620> early 00:03:26.880 --> 00:03:26.890 align:start position:0% a little bit chaotic for the early 00:03:26.890 --> 00:03:28.830 align:start position:0% a little bit chaotic for the early implementers<00:03:27.400> because<00:03:27.820> we<00:03:28.209> keep<00:03:28.420> changing 00:03:28.830 --> 00:03:28.840 align:start position:0% implementers because we keep changing 00:03:28.840 --> 00:03:34.170 align:start position:0% implementers because we keep changing platform<00:03:30.030> every<00:03:31.030> other<00:03:31.120> month<00:03:31.480> and<00:03:31.720> we<00:03:33.180> change 00:03:34.170 --> 00:03:34.180 align:start position:0% platform every other month and we change 00:03:34.180 --> 00:03:36.479 align:start position:0% platform every other month and we change the<00:03:34.359> Specht<00:03:34.690> quite<00:03:35.079> a<00:03:35.109> lot<00:03:35.350> but<00:03:35.980> I<00:03:36.130> think<00:03:36.190> it 00:03:36.479 --> 00:03:36.489 align:start position:0% the Specht quite a lot but I think it 00:03:36.489 --> 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teams<00:03:45.100> from<00:03:45.579> all<00:03:45.819> over<00:03:45.850> the 00:03:46.170 --> 00:03:46.180 align:start position:0% implemented teams from all over the 00:03:46.180 --> 00:03:49.890 align:start position:0% implemented teams from all over the world<00:03:46.329> coming<00:03:47.079> in<00:03:47.350> so<00:03:47.980> you<00:03:48.609> know<00:03:48.700> the<00:03:49.060> costs<00:03:49.750> of 00:03:49.890 --> 00:03:49.900 align:start position:0% world coming in so you know the costs of 00:03:49.900 --> 00:03:51.360 align:start position:0% world coming in so you know the costs of being<00:03:50.230> open<00:03:50.709> you<00:03:50.859> know<00:03:50.980> in<00:03:51.100> terms<00:03:51.250> of 00:03:51.360 --> 00:03:51.370 align:start position:0% being open you know in terms of 00:03:51.370 --> 00:03:54.300 align:start position:0% being open you know in terms of confusion<00:03:51.880> and<00:03:52.030> chaos<00:03:52.560> are<00:03:53.560> definitely 00:03:54.300 --> 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align:start position:0% encourage collaboration in e2 is at the legal<00:04:05.440> level<00:04:05.560> so<00:04:06.340> there's<00:04:07.150> all<00:04:07.359> sorts<00:04:07.720> of 00:04:07.770 --> 00:04:07.780 align:start position:0% legal level so there's all sorts of 00:04:07.780 --> 00:04:12.210 align:start position:0% legal level so there's all sorts of tools<00:04:08.109> legal<00:04:08.950> tools<00:04:09.250> that<00:04:10.019> the<00:04:11.019> creators<00:04:11.590> of<00:04:11.859> a 00:04:12.210 --> 00:04:12.220 align:start position:0% tools legal tools that the creators of a 00:04:12.220 --> 00:04:14.729 align:start position:0% tools legal tools that the creators of a blockchain<00:04:12.489> project<00:04:13.000> can<00:04:13.239> use<00:04:13.600> to<00:04:14.079> maintain 00:04:14.729 --> 00:04:14.739 align:start position:0% blockchain project can use to maintain 00:04:14.739 --> 00:04:16.440 align:start position:0% blockchain project can use to maintain some<00:04:15.010> sort<00:04:15.220> of<00:04:15.340> ownership<00:04:15.519> over<00:04:16.150> what<00:04:16.299> they've 00:04:16.440 --> 00:04:16.450 align:start position:0% some sort of ownership over what they've 00:04:16.450 --> 00:04:18.930 align:start position:0% some sort of ownership over what they've created<00:04:16.690> and<00:04:17.200> you<00:04:17.919> know<00:04:18.039> as<00:04:18.250> part<00:04:18.519> of<00:04:18.729> the 00:04:18.930 --> 00:04:18.940 align:start position:0% created and you know as part of the 00:04:18.940 --> 00:04:21.030 align:start position:0% created and you know as part of the philosophy<00:04:19.450> of 00:04:21.030 --> 00:04:21.040 align:start position:0% philosophy of 00:04:21.040 --> 00:04:24.980 align:start position:0% philosophy of you<00:04:21.220> know<00:04:22.290> minimization<00:04:23.290> and<00:04:23.560> simplicity<00:04:23.980> and 00:04:24.980 --> 00:04:24.990 align:start position:0% you know minimization and simplicity and 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you know<00:04:32.290> in<00:04:32.590> extreme<00:04:33.870> that<00:04:34.870> decoupling<00:04:35.800> approach 00:04:36.240 --> 00:04:36.250 align:start position:0% know in extreme that decoupling approach 00:04:36.250 --> 00:04:38.520 align:start position:0% know in extreme that decoupling approach so<00:04:36.580> for<00:04:37.060> licensing<00:04:37.630> for<00:04:37.810> example<00:04:38.200> all<00:04:38.350> the 00:04:38.520 --> 00:04:38.530 align:start position:0% so for licensing for example all the 00:04:38.530 --> 00:04:41.700 align:start position:0% so for licensing for example all the work<00:04:38.680> that<00:04:38.890> we<00:04:38.980> do<00:04:39.160> is<00:04:39.370> open<00:04:40.000> by<00:04:40.120> default<00:04:40.710> the 00:04:41.700 --> 00:04:41.710 align:start position:0% work that we do is open by default the 00:04:41.710 --> 00:04:44.670 align:start position:0% work that we do is open by default the patents<00:04:42.280> we<00:04:42.460> have<00:04:42.610> no<00:04:42.760> patents<00:04:43.290> and<00:04:44.290> if<00:04:44.380> we<00:04:44.500> did 00:04:44.670 --> 00:04:44.680 align:start position:0% patents we have no patents and if we did 00:04:44.680 --> 00:04:46.650 align:start position:0% patents we have no patents and if we did have<00:04:44.890> a<00:04:45.040> tense<00:04:45.310> it<00:04:45.610> would<00:04:46.090> be<00:04:46.300> you<00:04:46.570> know 00:04:46.650 --> 00:04:46.660 align:start position:0% have a tense it would be you know 00:04:46.660 --> 00:04:49.910 align:start position:0% have a tense it would be you know exclusively<00:04:47.380> for<00:04:47.560> defensive<00:04:47.950> reasons<00:04:48.780> NDA's 00:04:49.910 --> 00:04:49.920 align:start position:0% exclusively for defensive reasons NDA's 00:04:49.920 --> 00:04:52.440 align:start position:0% exclusively for defensive reasons NDA's only<00:04:50.920> for<00:04:51.160> the<00:04:51.280> you<00:04:51.820> know<00:04:51.940> it's<00:04:52.090> for<00:04:52.270> data 00:04:52.440 --> 00:04:52.450 align:start position:0% only for the you know it's for data 00:04:52.450 --> 00:04:55.560 align:start position:0% only for the you know it's for data protection<00:04:52.960> within<00:04:53.970> within<00:04:54.970> the<00:04:55.090> foundation 00:04:55.560 --> 00:04:55.570 align:start position:0% protection within within the foundation 00:04:55.570 --> 00:04:56.940 align:start position:0% protection within within the foundation you<00:04:55.720> know<00:04:55.780> not<00:04:55.960> to<00:04:56.080> disclose<00:04:56.380> things<00:04:56.710> like 00:04:56.940 --> 00:04:56.950 align:start position:0% you know not to disclose things like 00:04:56.950 --> 00:05:02.490 align:start position:0% you know not to disclose things like salaries<00:04:57.870> and<00:04:59.280> trademarks<00:05:00.280> we've<00:05:01.350> we<00:05:02.350> only 00:05:02.490 --> 00:05:02.500 align:start position:0% salaries and trademarks we've we only 00:05:02.500 --> 00:05:03.990 align:start position:0% salaries and trademarks we've we only have<00:05:02.710> them<00:05:02.800> for<00:05:02.860> defensive<00:05:03.400> purposes<00:05:03.430> and 00:05:03.990 --> 00:05:04.000 align:start position:0% have them for defensive purposes and 00:05:04.000 --> 00:05:06.750 align:start position:0% have them for defensive purposes and we've<00:05:04.090> never<00:05:04.270> enforced<00:05:04.750> them<00:05:05.460> and<00:05:06.460> I<00:05:06.520> kind<00:05:06.730> of 00:05:06.750 --> 00:05:06.760 align:start position:0% we've never enforced them and I kind of 00:05:06.760 --> 00:05:10.890 align:start position:0% we've never enforced them and I kind of want<00:05:06.970> to<00:05:07.090> contrast<00:05:07.960> that<00:05:08.050> with<00:05:09.900> stories 00:05:10.890 --> 00:05:10.900 align:start position:0% want to contrast that with stories 00:05:10.900 --> 00:05:14.670 align:start position:0% want to contrast that with stories inspired<00:05:11.530> from<00:05:11.980> the<00:05:13.050> the<00:05:14.050> blockchain<00:05:14.260> space 00:05:14.670 --> 00:05:14.680 align:start position:0% inspired from the the blockchain space 00:05:14.680 --> 00:05:17.490 align:start position:0% inspired from the the blockchain space so<00:05:14.950> there's<00:05:15.460> the<00:05:15.700> the<00:05:16.260> there's<00:05:17.260> for 00:05:17.490 --> 00:05:17.500 align:start position:0% so there's the the there's for 00:05:17.500 --> 00:05:19.260 align:start position:0% so there's the the there's for blockchain<00:05:17.950> projects<00:05:18.370> in<00:05:18.520> my<00:05:18.610> mind<00:05:18.880> that<00:05:19.090> have 00:05:19.260 --> 00:05:19.270 align:start position:0% blockchain projects in my mind that have 00:05:19.270 --> 00:05:21.770 align:start position:0% blockchain projects in my mind that have taken<00:05:19.630> you<00:05:20.050> know<00:05:20.080> the<00:05:20.560> extreme<00:05:20.890> opposite 00:05:21.770 --> 00:05:21.780 align:start position:0% taken you know the extreme opposite 00:05:21.780 --> 00:05:24.150 align:start position:0% taken you know the extreme opposite strategy<00:05:22.780> for<00:05:23.080> for<00:05:23.440> these<00:05:23.530> things<00:05:23.830> so<00:05:24.040> for 00:05:24.150 --> 00:05:24.160 align:start position:0% strategy for for these things so for 00:05:24.160 --> 00:05:27.590 align:start position:0% strategy for for these things so for example<00:05:24.580> there's<00:05:25.180> a<00:05:25.360> chain<00:05:26.020> that<00:05:26.680> has 00:05:27.590 --> 00:05:27.600 align:start position:0% example there's a chain that has 00:05:27.600 --> 00:05:29.760 align:start position:0% example there's a chain that has licensing<00:05:28.600> which<00:05:28.900> is<00:05:29.020> exclusive<00:05:29.590> to<00:05:29.740> that 00:05:29.760 --> 00:05:29.770 align:start position:0% licensing which is exclusive to that 00:05:29.770 --> 00:05:31.020 align:start position:0% licensing which is exclusive to that chain<00:05:30.130> so<00:05:30.340> if<00:05:30.430> you<00:05:30.550> want<00:05:30.700> to<00:05:30.730> use<00:05:30.910> the 00:05:31.020 --> 00:05:31.030 align:start position:0% chain so if you want to use the 00:05:31.030 --> 00:05:33.510 align:start position:0% chain so if you want to use the technology<00:05:31.210> in<00:05:31.600> their<00:05:31.780> code<00:05:32.080> you<00:05:32.650> can't<00:05:32.950> it 00:05:33.510 --> 00:05:33.520 align:start position:0% technology in their code you can't it 00:05:33.520 --> 00:05:35.490 align:start position:0% technology in their code you can't it has<00:05:33.730> to<00:05:33.910> be<00:05:34.060> for<00:05:34.300> this<00:05:34.360> one<00:05:34.600> chain<00:05:34.870> there's 00:05:35.490 --> 00:05:35.500 align:start position:0% has to be for this one chain there's 00:05:35.500 --> 00:05:38.280 align:start position:0% has to be for this one chain there's another<00:05:35.710> project<00:05:36.010> which<00:05:36.880> has<00:05:37.150> 30<00:05:37.630> patients<00:05:38.200> in 00:05:38.280 --> 00:05:38.290 align:start position:0% another project which has 30 patients in 00:05:38.290 --> 00:05:40.710 align:start position:0% another project which has 30 patients in their<00:05:38.440> white<00:05:38.650> paper<00:05:39.510> there's<00:05:40.510> yet<00:05:40.660> another 00:05:40.710 --> 00:05:40.720 align:start position:0% their white paper there's yet another 00:05:40.720 --> 00:05:44.280 align:start position:0% their white paper there's yet another project<00:05:41.200> that<00:05:41.770> every<00:05:42.670> employee<00:05:43.090> is<00:05:43.420> nd8<00:05:43.810> and 00:05:44.280 --> 00:05:44.290 align:start position:0% project that every employee is nd8 and 00:05:44.290 --> 00:05:45.690 align:start position:0% project that every employee is nd8 and if<00:05:44.740> you<00:05:44.830> ask<00:05:45.010> them<00:05:45.190> what<00:05:45.370> have<00:05:45.520> you<00:05:45.610> been 00:05:45.690 --> 00:05:45.700 align:start position:0% if you ask them what have you been 00:05:45.700 --> 00:05:47.100 align:start position:0% if you ask them what have you been working<00:05:45.970> on<00:05:46.210> for<00:05:46.420> the<00:05:46.510> last<00:05:46.600> two<00:05:46.870> three<00:05:47.080> years 00:05:47.100 --> 00:05:47.110 align:start position:0% working on for the last two three years 00:05:47.110 --> 00:05:49.590 align:start position:0% working on for the last two three years they<00:05:47.650> say<00:05:47.980> I'm<00:05:48.190> sorry<00:05:48.460> I<00:05:48.550> can<00:05:48.820> you<00:05:48.910> know<00:05:49.030> I'm 00:05:49.590 --> 00:05:49.600 align:start position:0% they say I'm sorry I can you know I'm 00:05:49.600 --> 00:05:52.470 align:start position:0% they say I'm sorry I can you know I'm not<00:05:50.110> I<00:05:50.410> can't<00:05:50.800> tell<00:05:50.980> you<00:05:51.160> and<00:05:52.030> then<00:05:52.240> there's<00:05:52.450> a 00:05:52.470 --> 00:05:52.480 align:start position:0% not I can't tell you and then there's a 00:05:52.480 --> 00:05:54.690 align:start position:0% not I can't tell you and then there's a number<00:05:52.600> blocking<00:05:52.990> project<00:05:53.380> where<00:05:53.700> the 00:05:54.690 --> 00:05:54.700 align:start position:0% number blocking project where the 00:05:54.700 --> 00:05:57.750 align:start position:0% number blocking project where the trademark<00:05:55.420> for<00:05:55.720> the<00:05:56.560> the<00:05:57.280> blockchain<00:05:57.730> is 00:05:57.750 --> 00:05:57.760 align:start position:0% trademark for the the blockchain is 00:05:57.760 --> 00:06:00.210 align:start position:0% trademark for the the blockchain is owned<00:05:58.420> by<00:05:58.570> a<00:05:58.660> private<00:05:59.290> entity<00:05:59.410> as<00:05:59.800> opposed<00:06:00.130> to 00:06:00.210 --> 00:06:00.220 align:start position:0% owned by a private entity as opposed to 00:06:00.220 --> 00:06:04.050 align:start position:0% owned by a private entity as opposed to the<00:06:00.340> public<00:06:00.640> foundation<00:06:01.200> and<00:06:02.610> you<00:06:03.610> know<00:06:03.730> did 00:06:04.050 --> 00:06:04.060 align:start position:0% the public foundation and you know did 00:06:04.060 --> 00:06:05.760 align:start position:0% the public foundation and you know did this<00:06:04.210> opposite<00:06:04.690> strategy<00:06:04.960> even<00:06:05.350> though<00:06:05.620> it 00:06:05.760 --> 00:06:05.770 align:start position:0% this opposite strategy even though it 00:06:05.770 --> 00:06:08.100 align:start position:0% this opposite strategy even though it might<00:06:05.950> give<00:06:06.190> you<00:06:06.430> control<00:06:07.330> ultimately<00:06:07.990> I 00:06:08.100 --> 00:06:08.110 align:start position:0% might give you control ultimately I 00:06:08.110 --> 00:06:10.760 align:start position:0% might give you control ultimately I think<00:06:08.380> it's<00:06:08.500> shooting<00:06:08.860> yourself<00:06:08.950> in<00:06:09.310> the<00:06:09.370> foot 00:06:10.760 --> 00:06:10.770 align:start position:0% think it's shooting yourself in the foot 00:06:10.770 --> 00:06:14.040 align:start position:0% think it's shooting yourself in the foot because<00:06:11.770> you<00:06:12.220> know<00:06:12.310> there's<00:06:12.580> this<00:06:12.850> if<00:06:13.720> you 00:06:14.040 --> 00:06:14.050 align:start position:0% because you know there's this if you 00:06:14.050 --> 00:06:15.840 align:start position:0% because you know there's this if you were<00:06:14.230> to<00:06:14.290> enforce<00:06:14.920> these<00:06:15.100> tools<00:06:15.400> they<00:06:15.610> will<00:06:15.730> be 00:06:15.840 --> 00:06:15.850 align:start position:0% were to enforce these tools they will be 00:06:15.850 --> 00:06:19.710 align:start position:0% were to enforce these tools they will be a<00:06:16.060> little<00:06:16.690> and<00:06:16.930> forced<00:06:17.440> centrally<00:06:18.190> and<00:06:19.150> it 00:06:19.710 --> 00:06:19.720 align:start position:0% a little and forced centrally and it 00:06:19.720 --> 00:06:22.290 align:start position:0% a little and forced centrally and it kind<00:06:20.200> of<00:06:20.230> goes<00:06:20.530> against<00:06:20.890> the<00:06:21.010> grain<00:06:21.220> of<00:06:21.250> of<00:06:22.060> our 00:06:22.290 --> 00:06:22.300 align:start position:0% kind of goes against the grain of of our 00:06:22.300 --> 00:06:25.740 align:start position:0% kind of goes against the grain of of our culture<00:06:23.250> so<00:06:24.250> here<00:06:24.640> for<00:06:24.940> the<00:06:25.000> film<00:06:25.210> foundation 00:06:25.740 --> 00:06:25.750 align:start position:0% culture so here for the film foundation 00:06:25.750 --> 00:06:28.650 align:start position:0% culture so here for the film foundation we're<00:06:26.290> just<00:06:27.010> less<00:06:27.280> likely<00:06:27.790> to<00:06:27.820> use<00:06:28.360> legal 00:06:28.650 --> 00:06:28.660 align:start position:0% we're just less likely to use legal 00:06:28.660 --> 00:06:31.170 align:start position:0% we're just less likely to use legal tools<00:06:28.870> we've<00:06:29.020> never<00:06:29.230> sued<00:06:29.560> anyone<00:06:30.000> and 00:06:31.170 --> 00:06:31.180 align:start position:0% tools we've never sued anyone and 00:06:31.180 --> 00:06:35.390 align:start position:0% tools we've never sued anyone and think<00:06:31.300> we're<00:06:31.449> quite<00:06:31.870> unlikely<00:06:32.770> to<00:06:33.330> sue<00:06:34.330> people 00:06:35.390 --> 00:06:35.400 align:start position:0% think we're quite unlikely to sue people 00:06:35.400 --> 00:06:39.620 align:start position:0% think we're quite unlikely to sue people and<00:06:36.400> so<00:06:36.550> just<00:06:36.699> to<00:06:36.880> summarize<00:06:37.330> this<00:06:38.199> this<00:06:38.470> legal 00:06:39.620 --> 00:06:39.630 align:start position:0% and so just to summarize this this legal 00:06:39.630 --> 00:06:44.490 align:start position:0% and so just to summarize this this legal strategy<00:06:40.630> we<00:06:41.110> make<00:06:41.940> we<00:06:42.940> make<00:06:43.360> the<00:06:43.570> code<00:06:43.840> the 00:06:44.490 --> 00:06:44.500 align:start position:0% strategy we make we make the code the 00:06:44.500 --> 00:06:46.529 align:start position:0% strategy we make we make the code the ideas<00:06:44.889> the<00:06:45.039> people<00:06:45.220> the<00:06:45.639> brand<00:06:45.880> it's<00:06:46.090> all<00:06:46.270> it's 00:06:46.529 --> 00:06:46.539 align:start position:0% ideas the people the brand it's all it's 00:06:46.539 --> 00:06:48.779 align:start position:0% ideas the people the brand it's all it's it's<00:06:46.780> everyone<00:06:47.289> that's<00:06:47.500> a<00:06:47.590> common<00:06:47.889> good<00:06:48.100> it<00:06:48.310> is 00:06:48.779 --> 00:06:48.789 align:start position:0% it's everyone that's a common good it is 00:06:48.789 --> 00:06:52.920 align:start position:0% it's everyone that's a common good it is not<00:06:49.060> our<00:06:49.300> code<00:06:49.539> and<00:06:50.820> I<00:06:51.820> guess<00:06:52.360> the<00:06:52.539> strategy 00:06:52.920 --> 00:06:52.930 align:start position:0% not our code and I guess the strategy 00:06:52.930 --> 00:06:54.330 align:start position:0% not our code and I guess the strategy has<00:06:53.110> worked<00:06:53.139> out<00:06:53.500> pretty<00:06:53.740> well<00:06:53.860> and<00:06:54.190> for 00:06:54.330 --> 00:06:54.340 align:start position:0% has worked out pretty well and for 00:06:54.340 --> 00:06:57.120 align:start position:0% has worked out pretty well and for trademarks<00:06:54.910> so<00:06:55.419> with<00:06:56.110> different<00:06:56.500> foundation 00:06:57.120 --> 00:06:57.130 align:start position:0% trademarks so with different foundation 00:06:57.130 --> 00:06:58.740 align:start position:0% trademarks so with different foundation has<00:06:57.310> actually<00:06:57.610> been<00:06:57.729> unable<00:06:58.120> to<00:06:58.180> get 00:06:58.740 --> 00:06:58.750 align:start position:0% has actually been unable to get 00:06:58.750 --> 00:07:02.189 align:start position:0% has actually been unable to get trademarks<00:06:59.789> recently<00:07:00.789> in<00:07:01.509> Singapore<00:07:02.110> and 00:07:02.189 --> 00:07:02.199 align:start position:0% trademarks recently in Singapore and 00:07:02.199 --> 00:07:04.200 align:start position:0% trademarks recently in Singapore and Korea<00:07:02.410> they<00:07:03.100> were<00:07:03.160> like<00:07:03.430> the<00:07:03.610> patent<00:07:03.940> office 00:07:04.200 --> 00:07:04.210 align:start position:0% Korea they were like the patent office 00:07:04.210 --> 00:07:07.800 align:start position:0% Korea they were like the patent office was<00:07:04.360> like<00:07:04.539> hey<00:07:05.229> no<00:07:05.530> a<00:07:06.099> firm<00:07:06.669> is<00:07:06.910> a<00:07:06.940> common<00:07:07.690> good 00:07:07.800 --> 00:07:07.810 align:start position:0% was like hey no a firm is a common good 00:07:07.810 --> 00:07:09.270 align:start position:0% was like hey no a firm is a common good it's<00:07:07.990> a<00:07:08.080> blockchain<00:07:08.289> the<00:07:08.620> crypto<00:07:08.919> currency 00:07:09.270 --> 00:07:09.280 align:start position:0% it's a blockchain the crypto currency 00:07:09.280 --> 00:07:10.920 align:start position:0% it's a blockchain the crypto currency you<00:07:09.370> can't<00:07:09.580> trade<00:07:09.820> markets<00:07:10.270> and<00:07:10.449> this<00:07:10.780> is 00:07:10.920 --> 00:07:10.930 align:start position:0% you can't trade markets and this is 00:07:10.930 --> 00:07:13.110 align:start position:0% you can't trade markets and this is brilliant<00:07:11.169> we've<00:07:11.770> reached<00:07:12.039> a<00:07:12.160> point<00:07:12.370> where<00:07:12.789> we 00:07:13.110 --> 00:07:13.120 align:start position:0% brilliant we've reached a point where we 00:07:13.120 --> 00:07:17.400 align:start position:0% brilliant we've reached a point where we can't<00:07:13.750> even<00:07:13.960> trademark<00:07:14.590> the<00:07:15.490> the<00:07:16.449> the<00:07:17.139> brand 00:07:17.400 --> 00:07:17.410 align:start position:0% can't even trademark the the the brand 00:07:17.410 --> 00:07:22.560 align:start position:0% can't even trademark the the the brand that<00:07:17.530> we've<00:07:17.740> created<00:07:21.120> one<00:07:22.120> of<00:07:22.240> the<00:07:22.330> things 00:07:22.560 --> 00:07:22.570 align:start position:0% that we've created one of the things 00:07:22.570 --> 00:07:26.939 align:start position:0% that we've created one of the things that<00:07:23.039> we<00:07:24.039> you<00:07:24.430> know<00:07:24.550> I<00:07:24.880> guess<00:07:25.240> also<00:07:25.620> good<00:07:26.620> at<00:07:26.740> is 00:07:26.939 --> 00:07:26.949 align:start position:0% that we you know I guess also good at is 00:07:26.949 --> 00:07:29.310 align:start position:0% that we you know I guess also good at is trying<00:07:27.099> to<00:07:27.460> do<00:07:27.849> parallel<00:07:28.210> eyes<00:07:28.449> to<00:07:28.990> try<00:07:29.199> and 00:07:29.310 --> 00:07:29.320 align:start position:0% trying to do parallel eyes to try and 00:07:29.320 --> 00:07:31.409 align:start position:0% trying to do parallel eyes to try and have<00:07:29.560> different<00:07:30.099> teams<00:07:30.370> work<00:07:30.639> on<00:07:30.849> different 00:07:31.409 --> 00:07:31.419 align:start position:0% have different teams work on different 00:07:31.419 --> 00:07:33.089 align:start position:0% have different teams work on different places<00:07:31.720> at<00:07:32.050> the<00:07:32.080> same<00:07:32.320> time<00:07:32.590> so<00:07:32.800> we<00:07:32.919> have 00:07:33.089 --> 00:07:33.099 align:start position:0% places at the same time so we have 00:07:33.099 --> 00:07:35.219 align:start position:0% places at the same time so we have prototyping<00:07:34.090> teams<00:07:34.389> that<00:07:34.660> work<00:07:34.810> on<00:07:34.990> phase 00:07:35.219 --> 00:07:35.229 align:start position:0% prototyping teams that work on phase 00:07:35.229 --> 00:07:37.320 align:start position:0% prototyping teams that work on phase zero<00:07:35.500> phase<00:07:36.159> one<00:07:36.400> and<00:07:36.550> Phase<00:07:36.760> two<00:07:36.789> all<00:07:37.150> in 00:07:37.320 --> 00:07:37.330 align:start position:0% zero phase one and Phase two all in 00:07:37.330 --> 00:07:39.390 align:start position:0% zero phase one and Phase two all in parallel<00:07:37.570> we<00:07:37.840> have<00:07:37.960> quilt<00:07:38.289> was<00:07:38.710> an<00:07:38.919> Trinity 00:07:39.390 --> 00:07:39.400 align:start position:0% parallel we have quilt was an Trinity 00:07:39.400 --> 00:07:42.540 align:start position:0% parallel we have quilt was an Trinity and<00:07:40.349> we<00:07:41.349> also<00:07:41.500> have<00:07:41.800> all<00:07:42.070> sorts<00:07:42.340> of<00:07:42.370> different 00:07:42.540 --> 00:07:42.550 align:start position:0% and we also have all sorts of different 00:07:42.550 --> 00:07:44.040 align:start position:0% and we also have all sorts of different teams<00:07:42.849> working<00:07:43.120> in<00:07:43.270> parallel<00:07:43.479> for<00:07:43.690> Quality 00:07:44.040 --> 00:07:44.050 align:start position:0% teams working in parallel for Quality 00:07:44.050 --> 00:07:47.129 align:start position:0% teams working in parallel for Quality Assurance<00:07:44.139> so<00:07:44.620> we<00:07:44.740> have<00:07:45.180> two<00:07:46.180> teams<00:07:46.479> working 00:07:47.129 --> 00:07:47.139 align:start position:0% Assurance so we have two teams working 00:07:47.139 --> 00:07:49.230 align:start position:0% Assurance so we have two teams working on<00:07:47.380> form<00:07:47.650> of<00:07:47.740> verification<00:07:48.220> on<00:07:48.880> different 00:07:49.230 --> 00:07:49.240 align:start position:0% on form of verification on different 00:07:49.240 --> 00:07:51.779 align:start position:0% on form of verification on different parts<00:07:49.539> of<00:07:49.630> the<00:07:49.840> if<00:07:50.320> two<00:07:50.680> spec<00:07:51.010> we<00:07:51.580> have 00:07:51.779 --> 00:07:51.789 align:start position:0% parts of the if two spec we have 00:07:51.789 --> 00:07:54.240 align:start position:0% parts of the if two spec we have security<00:07:52.360> audits<00:07:52.750> cryptographic<00:07:53.139> audits<00:07:53.770> we 00:07:54.240 --> 00:07:54.250 align:start position:0% security audits cryptographic audits we 00:07:54.250 --> 00:07:58.140 align:start position:0% security audits cryptographic audits we have<00:07:54.430> fuzzing<00:07:54.940> we<00:07:55.599> have<00:07:55.750> bug<00:07:56.050> bounties<00:07:57.150> and 00:07:58.140 --> 00:07:58.150 align:start position:0% have fuzzing we have bug bounties and 00:07:58.150 --> 00:08:01.080 align:start position:0% have fuzzing we have bug bounties and actually<00:07:58.479> here's<00:07:58.690> a<00:07:58.750> list<00:07:59.500> of<00:07:59.620> five<00:08:00.090> currently 00:08:01.080 --> 00:08:01.090 align:start position:0% actually here's a list of five currently 00:08:01.090 --> 00:08:03.570 align:start position:0% actually here's a list of five currently active<00:08:01.630> bug<00:08:01.900> bounties<00:08:02.349> that<00:08:03.220> you're<00:08:03.340> welcome 00:08:03.570 --> 00:08:03.580 align:start position:0% active bug bounties that you're welcome 00:08:03.580 --> 00:08:06.450 align:start position:0% active bug bounties that you're welcome to<00:08:03.820> try<00:08:04.360> and<00:08:04.539> tackle<00:08:04.889> and<00:08:05.889> the<00:08:06.009> first<00:08:06.250> one 00:08:06.450 --> 00:08:06.460 align:start position:0% to try and tackle and the first one 00:08:06.460 --> 00:08:10.260 align:start position:0% to try and tackle and the first one which<00:08:06.699> is<00:08:06.880> the<00:08:07.590> bounties<00:08:08.590> for<00:08:08.979> the<00:08:09.190> phase<00:08:09.580> zero 00:08:10.260 --> 00:08:10.270 align:start position:0% which is the bounties for the phase zero 00:08:10.270 --> 00:08:15.870 align:start position:0% which is the bounties for the phase zero consensus<00:08:10.900> today<00:08:11.530> we're<00:08:12.490> doubling<00:08:12.789> them<00:08:14.880> so 00:08:15.870 --> 00:08:15.880 align:start position:0% consensus today we're doubling them so 00:08:15.880 --> 00:08:17.460 align:start position:0% consensus today we're doubling them so all<00:08:16.030> of<00:08:16.180> these<00:08:16.270> bounties<00:08:16.690> should<00:08:17.349> be 00:08:17.460 --> 00:08:17.470 align:start position:0% all of these bounties should be 00:08:17.470 --> 00:08:20.330 align:start position:0% all of these bounties should be available<00:08:17.710> them<00:08:18.130> on<00:08:18.419> challenges<00:08:19.419> that 00:08:20.330 --> 00:08:20.340 align:start position:0% available them on challenges that 00:08:20.340 --> 00:08:27.029 align:start position:0% available them on challenges that experien<00:08:22.740> this<00:08:23.740> is<00:08:23.919> this<00:08:24.099> line<00:08:24.310> okay<00:08:25.800> why<00:08:26.800> did 00:08:27.029 --> 00:08:27.039 align:start position:0% experien this is this line okay why did 00:08:27.039 --> 00:08:29.310 align:start position:0% experien this is this line okay why did no<00:08:27.159> one<00:08:27.190> tell<00:08:27.370> me 00:08:29.310 --> 00:08:29.320 align:start position:0% no one tell me 00:08:29.320 --> 00:08:33.810 align:start position:0% no one tell me okay<00:08:30.320> so<00:08:30.460> these<00:08:31.460> bounties<00:08:31.820> should<00:08:32.060> all<00:08:32.240> be 00:08:33.810 --> 00:08:33.820 align:start position:0% okay so these bounties should all be 00:08:33.820 --> 00:08:37.140 align:start position:0% okay so these bounties should all be kind<00:08:34.820> of<00:08:34.909> combined<00:08:35.390> on<00:08:36.229> a<00:08:36.289> single<00:08:36.680> webpage 00:08:37.140 --> 00:08:37.150 align:start position:0% kind of combined on a single webpage 00:08:37.150 --> 00:08:43.719 align:start position:0% kind of combined on a single webpage challenges<00:08:39.310> dog<00:08:40.310> and<00:08:41.710> bounties<00:08:42.710> is<00:08:42.860> also<00:08:43.159> you 00:08:43.719 --> 00:08:43.729 align:start position:0% challenges dog and bounties is also you 00:08:43.729 --> 00:08:45.250 align:start position:0% challenges dog and bounties is also you know<00:08:43.849> a<00:08:43.880> great<00:08:44.360> way<00:08:44.420> to<00:08:44.630> extend<00:08:45.140> the 00:08:45.250 --> 00:08:45.260 align:start position:0% know a great way to extend the 00:08:45.260 --> 00:08:48.010 align:start position:0% know a great way to extend the collaboration<00:08:45.890> from<00:08:46.160> a<00:08:46.300> short-term<00:08:47.300> stint<00:08:47.750> to 00:08:48.010 --> 00:08:48.020 align:start position:0% collaboration from a short-term stint to 00:08:48.020 --> 00:08:50.110 align:start position:0% collaboration from a short-term stint to a<00:08:48.290> more<00:08:48.529> long-term<00:08:48.770> collaboration<00:08:49.490> so<00:08:49.880> here's 00:08:50.110 --> 00:08:50.120 align:start position:0% a more long-term collaboration so here's 00:08:50.120 --> 00:08:52.780 align:start position:0% a more long-term collaboration so here's an<00:08:50.240> example<00:08:50.540> where<00:08:51.070> you<00:08:52.070> know<00:08:52.160> I<00:08:52.220> submitted<00:08:52.610> at 00:08:52.780 --> 00:08:52.790 align:start position:0% an example where you know I submitted at 00:08:52.790 --> 00:08:58.180 align:start position:0% an example where you know I submitted at any<00:08:53.029> bounty<00:08:53.390> on<00:08:55.060> on<00:08:56.060> Twitter<00:08:56.330> to<00:08:56.770> write<00:08:57.770> the 00:08:58.180 --> 00:08:58.190 align:start position:0% any bounty on on Twitter to write the 00:08:58.190 --> 00:09:01.810 align:start position:0% any bounty on on Twitter to write the the<00:08:58.460> phase<00:08:58.700> zero<00:08:59.060> spec<00:08:59.480> in<00:09:00.410> a<00:09:00.920> thousand<00:09:01.640> lines 00:09:01.810 --> 00:09:01.820 align:start position:0% the phase zero spec in a thousand lines 00:09:01.820 --> 00:09:04.480 align:start position:0% the phase zero spec in a thousand lines of<00:09:02.000> go<00:09:02.180> code<00:09:02.390> a<00:09:02.720> few<00:09:03.320> days<00:09:03.470> later<00:09:03.740> this<00:09:04.070> bounty 00:09:04.480 --> 00:09:04.490 align:start position:0% of go code a few days later this bounty 00:09:04.490 --> 00:09:06.460 align:start position:0% of go code a few days later this bounty was<00:09:04.790> claimed<00:09:05.270> and<00:09:05.600> then<00:09:05.990> a<00:09:06.020> few<00:09:06.260> days<00:09:06.320> later 00:09:06.460 --> 00:09:06.470 align:start position:0% was claimed and then a few days later 00:09:06.470 --> 00:09:10.000 align:start position:0% was claimed and then a few days later the<00:09:07.160> guy<00:09:07.339> proto<00:09:08.060> who<00:09:08.390> actually<00:09:09.230> claimed<00:09:09.890> the 00:09:10.000 --> 00:09:10.010 align:start position:0% the guy proto who actually claimed the 00:09:10.010 --> 00:09:14.290 align:start position:0% the guy proto who actually claimed the bounty<00:09:10.339> was<00:09:10.520> hired<00:09:11.089> full-time<00:09:12.460> and<00:09:13.460> you<00:09:13.610> know 00:09:14.290 --> 00:09:14.300 align:start position:0% bounty was hired full-time and you know 00:09:14.300 --> 00:09:18.150 align:start position:0% bounty was hired full-time and you know also<00:09:14.600> in<00:09:15.080> in<00:09:15.470> the<00:09:15.589> context<00:09:16.040> of<00:09:17.020> you<00:09:18.020> know 00:09:18.150 --> 00:09:18.160 align:start position:0% also in in the context of you know 00:09:18.160 --> 00:09:22.920 align:start position:0% also in in the context of you know delegating<00:09:19.160> but<00:09:19.370> also<00:09:20.020> minimizing<00:09:21.020> the<00:09:21.260> the 00:09:22.920 --> 00:09:22.930 align:start position:0% delegating but also minimizing the the 00:09:22.930 --> 00:09:26.500 align:start position:0% delegating but also minimizing the the the<00:09:24.070> the<00:09:25.070> role<00:09:25.279> of<00:09:25.430> the<00:09:25.520> foundation<00:09:26.029> is<00:09:26.240> is 00:09:26.500 --> 00:09:26.510 align:start position:0% the the role of the foundation is is 00:09:26.510 --> 00:09:29.710 align:start position:0% the the role of the foundation is is grants<00:09:27.200> so<00:09:27.440> we've<00:09:27.860> given<00:09:28.100> over<00:09:28.730> forty<00:09:29.540> million 00:09:29.710 --> 00:09:29.720 align:start position:0% grants so we've given over forty million 00:09:29.720 --> 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have<00:09:38.440> special<00:09:39.440> grants<00:09:39.770> you<00:09:40.190> know<00:09:40.310> sometimes 00:09:40.840 --> 00:09:40.850 align:start position:0% have special grants you know sometimes 00:09:40.850 --> 00:09:45.780 align:start position:0% have special grants you know sometimes going<00:09:41.060> up<00:09:41.270> to<00:09:41.450> five<00:09:42.290> million<00:09:42.529> dollar<00:09:42.830> grants 00:09:45.780 --> 00:09:45.790 align:start position:0% 00:09:45.790 --> 00:09:49.120 align:start position:0% and<00:09:46.790> again<00:09:47.029> just<00:09:47.270> to<00:09:47.360> give<00:09:47.480> you<00:09:47.630> like<00:09:48.130> an 00:09:49.120 --> 00:09:49.130 align:start position:0% and again just to give you like an 00:09:49.130 --> 00:09:50.740 align:start position:0% and again just to give you like an example<00:09:49.550> of<00:09:49.820> how<00:09:50.029> willing<00:09:50.300> we<00:09:50.450> are<00:09:50.600> to 00:09:50.740 --> 00:09:50.750 align:start position:0% example of how willing we are to 00:09:50.750 --> 00:09:55.390 align:start position:0% example of how willing we are to collaborate<00:09:51.620> I<00:09:52.459> gave<00:09:53.150> a<00:09:53.630> talk<00:09:54.110> recently<00:09:54.400> in 00:09:55.390 --> 00:09:55.400 align:start position:0% collaborate I gave a talk recently in 00:09:55.400 --> 00:09:59.050 align:start position:0% collaborate I gave a talk recently in Tel<00:09:55.640> Aviv<00:09:55.670> on<00:09:56.240> e3<00:09:57.110> quantum<00:09:57.950> security<00:09:58.459> there 00:09:59.050 --> 00:09:59.060 align:start position:0% Tel Aviv on e3 quantum security there 00:09:59.060 --> 00:10:02.380 align:start position:0% Tel Aviv on e3 quantum security there was<00:09:59.270> a<00:09:59.860> quantum<00:10:00.860> post<00:10:01.550> quantum<00:10:01.910> signature 00:10:02.380 --> 00:10:02.390 align:start position:0% was a quantum post quantum signature 00:10:02.390 --> 00:10:04.630 align:start position:0% was a quantum post quantum signature expert<00:10:02.959> in<00:10:03.110> the<00:10:03.230> room<00:10:03.260> he<00:10:03.890> came<00:10:04.160> to<00:10:04.339> me<00:10:04.459> he<00:10:04.610> said 00:10:04.630 --> 00:10:04.640 align:start position:0% expert in the room he came to me he said 00:10:04.640 --> 00:10:06.070 align:start position:0% expert in the room he came to me he said I'm<00:10:05.000> interested<00:10:05.390> in<00:10:05.510> working<00:10:05.660> on<00:10:05.930> this 00:10:06.070 --> 00:10:06.080 align:start position:0% I'm interested in working on this 00:10:06.080 --> 00:10:09.100 align:start position:0% I'm interested in working on this problem<00:10:06.560> that<00:10:06.680> you<00:10:06.800> just<00:10:06.830> presented<00:10:07.520> a<00:10:08.510> few 00:10:09.100 --> 00:10:09.110 align:start position:0% problem that you just presented a few 00:10:09.110 --> 00:10:10.960 align:start position:0% problem that you just presented a few days<00:10:09.260> later<00:10:09.470> we<00:10:09.709> had<00:10:09.830> a<00:10:09.860> call<00:10:10.130> and<00:10:10.400> then<00:10:10.730> a<00:10:10.820> few 00:10:10.960 --> 00:10:10.970 align:start position:0% days later we had a call and then a few 00:10:10.970 --> 00:10:12.870 align:start position:0% days later we had a call and then a few days<00:10:11.089> later<00:10:11.330> after<00:10:11.480> that<00:10:11.720> we<00:10:11.900> had<00:10:12.050> a<00:10:12.080> grant<00:10:12.380> so 00:10:12.870 --> 00:10:12.880 align:start position:0% days later after that we had a grant so 00:10:12.880 --> 00:10:15.910 align:start position:0% days later after that we had a grant so if<00:10:13.880> you<00:10:14.060> have<00:10:14.300> if<00:10:14.750> there's<00:10:14.990> a<00:10:15.050> good<00:10:15.230> match<00:10:15.410> we 00:10:15.910 --> 00:10:15.920 align:start position:0% if you have if there's a good match we 00:10:15.920 --> 00:10:18.010 align:start position:0% if you have if there's a good match we can<00:10:16.040> really<00:10:16.370> move<00:10:16.520> forward<00:10:16.720> fast<00:10:17.720> on 00:10:18.010 --> 00:10:18.020 align:start position:0% can really move forward fast on 00:10:18.020 --> 00:10:22.180 align:start position:0% can really move forward fast on collaboration<00:10:19.839> ok<00:10:20.839> so<00:10:20.900> this<00:10:21.200> is<00:10:21.500> this<00:10:21.980> was 00:10:22.180 --> 00:10:22.190 align:start position:0% collaboration ok so this is this was 00:10:22.190 --> 00:10:24.160 align:start position:0% collaboration ok so this is this was internal<00:10:22.610> collaboration<00:10:22.790> I<00:10:23.270> guess<00:10:23.420> not<00:10:23.959> too 00:10:24.160 --> 00:10:24.170 align:start position:0% internal collaboration I guess not too 00:10:24.170 --> 00:10:26.800 align:start position:0% internal collaboration I guess not too surprising<00:10:24.770> still<00:10:25.339> extremely<00:10:25.850> dynamic<00:10:26.029> you 00:10:26.800 --> 00:10:26.810 align:start position:0% surprising still extremely dynamic you 00:10:26.810 --> 00:10:27.850 align:start position:0% surprising still extremely dynamic you know<00:10:26.900> I<00:10:26.930> don't<00:10:27.200> think<00:10:27.440> there's<00:10:27.680> many 00:10:27.850 --> 00:10:27.860 align:start position:0% know I don't think there's many 00:10:27.860 --> 00:10:29.320 align:start position:0% know I don't think there's many blockchain<00:10:28.310> projects<00:10:28.670> out<00:10:28.790> there<00:10:28.820> that<00:10:29.060> have 00:10:29.320 --> 00:10:29.330 align:start position:0% blockchain projects out there that have 00:10:29.330 --> 00:10:32.230 align:start position:0% blockchain projects out there that have managed<00:10:29.750> to<00:10:30.070> for<00:10:31.070> example<00:10:31.370> have<00:10:31.610> nine 00:10:32.230 --> 00:10:32.240 align:start position:0% managed to for example have nine 00:10:32.240 --> 00:10:35.199 align:start position:0% managed to for example have nine different<00:10:32.510> implemented<00:10:33.140> teams<00:10:33.820> for<00:10:34.820> the<00:10:34.970> the 00:10:35.199 --> 00:10:35.209 align:start position:0% different implemented teams for the the 00:10:35.209 --> 00:10:38.560 align:start position:0% different implemented teams for the the one<00:10:35.450> protocol<00:10:36.380> but<00:10:37.280> I<00:10:37.640> guess<00:10:38.089> one<00:10:38.329> thing<00:10:38.360> that 00:10:38.560 --> 00:10:38.570 align:start position:0% one protocol but I guess one thing that 00:10:38.570 --> 00:10:39.290 align:start position:0% one protocol but I guess one thing that I'm 00:10:39.290 --> 00:10:39.300 align:start position:0% I'm 00:10:39.300 --> 00:10:41.269 align:start position:0% I'm you<00:10:39.540> know<00:10:39.629> very<00:10:39.869> excited<00:10:40.290> about<00:10:40.350> it<00:10:40.709> cross 00:10:41.269 --> 00:10:41.279 align:start position:0% you know very excited about it cross 00:10:41.279 --> 00:10:44.299 align:start position:0% you know very excited about it cross chain<00:10:41.550> collaboration<00:10:42.209> and<00:10:43.009> one<00:10:44.009> thing<00:10:44.279> to 00:10:44.299 --> 00:10:44.309 align:start position:0% chain collaboration and one thing to 00:10:44.309 --> 00:10:48.049 align:start position:0% chain collaboration and one thing to note<00:10:44.699> is<00:10:44.970> that<00:10:46.610> cross<00:10:47.610> chain<00:10:47.819> collaboration 00:10:48.049 --> 00:10:48.059 align:start position:0% note is that cross chain collaboration 00:10:48.059 --> 00:10:51.049 align:start position:0% note is that cross chain collaboration is<00:10:48.540> happening<00:10:49.819> de-facto 00:10:51.049 --> 00:10:51.059 align:start position:0% is happening de-facto 00:10:51.059 --> 00:10:54.160 align:start position:0% is happening de-facto so<00:10:51.389> these<00:10:52.019> are<00:10:52.290> ideas<00:10:52.679> that<00:10:53.459> we<00:10:53.730> have 00:10:54.160 --> 00:10:54.170 align:start position:0% so these are ideas that we have 00:10:54.170 --> 00:10:57.650 align:start position:0% so these are ideas that we have essentially<00:10:55.279> borrowed<00:10:56.279> inspired<00:10:56.999> ourselves 00:10:57.650 --> 00:10:57.660 align:start position:0% essentially borrowed inspired ourselves 00:10:57.660 --> 00:10:59.900 align:start position:0% essentially borrowed inspired ourselves from<00:10:58.350> other<00:10:58.709> blockchain<00:10:59.160> projects<00:10:59.670> that<00:10:59.790> are 00:10:59.900 --> 00:10:59.910 align:start position:0% from other blockchain projects that are 00:10:59.910 --> 00:11:05.179 align:start position:0% from other blockchain projects that are shipping<00:11:00.329> in<00:11:00.660> phase<00:11:01.170> zero<00:11:01.579> so<00:11:02.579> we<00:11:02.730> have<00:11:02.839> BLS<00:11:04.189> vr 00:11:05.179 --> 00:11:05.189 align:start position:0% shipping in phase zero so we have BLS vr 00:11:05.189 --> 00:11:08.319 align:start position:0% shipping in phase zero so we have BLS vr x<00:11:05.339> using<00:11:05.519> signatures<00:11:05.999> VDS<00:11:06.449> tree<00:11:06.779> hashing 00:11:08.319 --> 00:11:08.329 align:start position:0% x using signatures VDS tree hashing 00:11:08.329 --> 00:11:11.269 align:start position:0% x using signatures VDS tree hashing these<00:11:09.329> are<00:11:09.480> all<00:11:09.660> things<00:11:09.899> that<00:11:10.279> other 00:11:11.269 --> 00:11:11.279 align:start position:0% these are all things that other 00:11:11.279 --> 00:11:14.090 align:start position:0% these are all things that other blockchain<00:11:11.819> projects<00:11:12.300> have<00:11:12.720> had<00:11:13.709> photo 00:11:14.090 --> 00:11:14.100 align:start position:0% blockchain projects have had photo 00:11:14.100 --> 00:11:16.970 align:start position:0% blockchain projects have had photo before<00:11:14.519> us<00:11:14.879> and<00:11:15.119> we<00:11:15.449> were<00:11:15.569> able<00:11:15.990> to<00:11:16.019> reuse 00:11:16.970 --> 00:11:16.980 align:start position:0% before us and we were able to reuse 00:11:16.980 --> 00:11:21.999 align:start position:0% before us and we were able to reuse their<00:11:17.759> work<00:11:18.230> and<00:11:19.519> there's<00:11:20.519> also<00:11:20.670> all<00:11:21.209> sorts<00:11:21.569> of 00:11:21.999 --> 00:11:22.009 align:start position:0% their work and there's also all sorts of 00:11:22.009 --> 00:11:25.280 align:start position:0% their work and there's also all sorts of new<00:11:23.009> ideas<00:11:23.429> that<00:11:23.459> are<00:11:23.699> more<00:11:24.329> recent<00:11:24.540> that<00:11:25.170> are 00:11:25.280 --> 00:11:25.290 align:start position:0% new ideas that are more recent that are 00:11:25.290 --> 00:11:27.199 align:start position:0% new ideas that are more recent that are being<00:11:25.410> experimented<00:11:26.160> with<00:11:26.189> that<00:11:26.759> we<00:11:26.970> are<00:11:26.999> very 00:11:27.199 --> 00:11:27.209 align:start position:0% being experimented with that we are very 00:11:27.209 --> 00:11:30.470 align:start position:0% being experimented with that we are very excited<00:11:27.749> about<00:11:28.579> key<00:11:29.579> building<00:11:29.970> signatures 00:11:30.470 --> 00:11:30.480 align:start position:0% excited about key building signatures 00:11:30.480 --> 00:11:34.879 align:start position:0% excited about key building signatures snark<00:11:31.259> based<00:11:31.529> like<00:11:31.740> clients<00:11:32.480> you<00:11:33.480> know<00:11:33.889> even 00:11:34.879 --> 00:11:34.889 align:start position:0% snark based like clients you know even 00:11:34.889 --> 00:11:38.509 align:start position:0% snark based like clients you know even the<00:11:35.100> move<00:11:35.490> VM<00:11:35.910> from<00:11:36.329> from<00:11:36.660> Libra<00:11:37.249> all<00:11:38.249> of<00:11:38.399> these 00:11:38.509 --> 00:11:38.519 align:start position:0% the move VM from from Libra all of these 00:11:38.519 --> 00:11:40.759 align:start position:0% the move VM from from Libra all of these things<00:11:38.790> we're<00:11:38.970> keeping<00:11:39.240> a<00:11:39.329> keen<00:11:39.569> eye<00:11:39.809> on<00:11:39.839> and 00:11:40.759 --> 00:11:40.769 align:start position:0% things we're keeping a keen eye on and 00:11:40.769 --> 00:11:42.980 align:start position:0% things we're keeping a keen eye on and we'll<00:11:41.129> gladly<00:11:41.819> incorporate<00:11:42.540> if<00:11:42.779> these 00:11:42.980 --> 00:11:42.990 align:start position:0% we'll gladly incorporate if these 00:11:42.990 --> 00:11:48.470 align:start position:0% we'll gladly incorporate if these experiments<00:11:43.559> turn<00:11:43.709> out<00:11:43.860> well<00:11:46.639> one<00:11:47.639> one<00:11:48.240> piece 00:11:48.470 --> 00:11:48.480 align:start position:0% experiments turn out well one one piece 00:11:48.480 --> 00:11:50.239 align:start position:0% experiments turn out well one one piece of<00:11:48.629> great<00:11:48.809> news<00:11:49.049> is<00:11:49.350> that<00:11:49.379> a<00:11:49.769> lot<00:11:49.920> of<00:11:50.069> these 00:11:50.239 --> 00:11:50.249 align:start position:0% of great news is that a lot of these 00:11:50.249 --> 00:11:54.559 align:start position:0% of great news is that a lot of these blockchain<00:11:51.209> projects<00:11:51.629> have<00:11:52.610> foundations<00:11:53.610> so 00:11:54.559 --> 00:11:54.569 align:start position:0% blockchain projects have foundations so 00:11:54.569 --> 00:11:56.179 align:start position:0% blockchain projects have foundations so for<00:11:54.720> example<00:11:55.049> cosmos<00:11:55.499> has<00:11:55.709> the<00:11:55.799> interchange 00:11:56.179 --> 00:11:56.189 align:start position:0% for example cosmos has the interchange 00:11:56.189 --> 00:11:58.509 align:start position:0% for example cosmos has the interchange foundation<00:11:56.699> polka<00:11:57.329> dot<00:11:57.509> web<00:11:57.720> 3<00:11:57.959> foundation 00:11:58.509 --> 00:11:58.519 align:start position:0% foundation polka dot web 3 foundation 00:11:58.519 --> 00:12:03.679 align:start position:0% foundation polka dot web 3 foundation falcone<00:11:59.519> protocol<00:12:00.420> labs<00:12:00.949> etc<00:12:01.949> etc<00:12:02.040> and<00:12:02.689> these 00:12:03.679 --> 00:12:03.689 align:start position:0% falcone protocol labs etc etc and these 00:12:03.689 --> 00:12:05.749 align:start position:0% falcone protocol labs etc etc and these foundations<00:12:04.470> as<00:12:04.679> you<00:12:04.769> can<00:12:04.949> tell<00:12:05.249> from<00:12:05.549> their 00:12:05.749 --> 00:12:05.759 align:start position:0% foundations as you can tell from their 00:12:05.759 --> 00:12:08.660 align:start position:0% foundations as you can tell from their names<00:12:06.029> they<00:12:06.540> have<00:12:06.749> a<00:12:07.079> vision<00:12:07.829> a<00:12:08.009> mission<00:12:08.490> which 00:12:08.660 --> 00:12:08.670 align:start position:0% names they have a vision a mission which 00:12:08.670 --> 00:12:10.970 align:start position:0% names they have a vision a mission which extends<00:12:09.209> way<00:12:09.389> beyond<00:12:09.809> their<00:12:10.259> own<00:12:10.290> blockchain 00:12:10.970 --> 00:12:10.980 align:start position:0% extends way beyond their own blockchain 00:12:10.980 --> 00:12:14.030 align:start position:0% extends way beyond their own blockchain so<00:12:11.490> for<00:12:11.639> example<00:12:12.139> interchain<00:12:13.139> if<00:12:13.740> you<00:12:13.920> know 00:12:14.030 --> 00:12:14.040 align:start position:0% so for example interchain if you know 00:12:14.040 --> 00:12:16.519 align:start position:0% so for example interchain if you know evokes<00:12:14.459> you<00:12:15.299> know<00:12:15.420> an<00:12:15.660> idea<00:12:16.049> of<00:12:16.259> many 00:12:16.519 --> 00:12:16.529 align:start position:0% evokes you know an idea of many 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blockchain<00:12:22.379> you<00:12:22.769> have<00:12:22.889> a<00:12:22.920> whole<00:12:23.129> ecosystem 00:12:23.269 --> 00:12:23.279 align:start position:0% blockchain you have a whole ecosystem 00:12:23.279 --> 00:12:26.809 align:start position:0% blockchain you have a whole ecosystem same<00:12:24.209> for<00:12:24.389> protocol<00:12:24.869> etc<00:12:25.379> and<00:12:25.819> these 00:12:26.809 --> 00:12:26.819 align:start position:0% same for protocol etc and these 00:12:26.819 --> 00:12:29.689 align:start position:0% same for protocol etc and these foundations<00:12:27.420> have<00:12:27.600> a<00:12:27.629> lot<00:12:27.869> in<00:12:28.139> common<00:12:28.589> we<00:12:29.279> we 00:12:29.689 --> 00:12:29.699 align:start position:0% foundations have a lot in common we we 00:12:29.699 --> 00:12:34.009 align:start position:0% foundations have a lot in common we we share<00:12:30.049> a<00:12:31.049> desire<00:12:31.889> for<00:12:32.459> interoperability<00:12:33.420> for 00:12:34.009 --> 00:12:34.019 align:start position:0% share a desire for interoperability for 00:12:34.019 --> 00:12:36.859 align:start position:0% share a desire for interoperability for standardization<00:12:34.829> for<00:12:35.160> common<00:12:35.459> goods<00:12:35.869> and 00:12:36.859 --> 00:12:36.869 align:start position:0% standardization for common goods and 00:12:36.869 --> 00:12:38.660 align:start position:0% standardization for common goods and another<00:12:37.499> kind<00:12:37.889> of<00:12:37.980> point<00:12:38.249> that<00:12:38.369> we<00:12:38.429> have<00:12:38.579> in 00:12:38.660 --> 00:12:38.670 align:start position:0% another kind of point that we have in 00:12:38.670 --> 00:12:41.119 align:start position:0% another kind of point that we have in common<00:12:38.819> is<00:12:39.149> we<00:12:39.360> we<00:12:40.019> have<00:12:40.230> we<00:12:40.470> have<00:12:40.499> money<00:12:40.829> that 00:12:41.119 --> 00:12:41.129 align:start position:0% common is we we have we have money that 00:12:41.129 --> 00:12:44.910 align:start position:0% common is we we have we have money that we'd<00:12:41.459> like<00:12:41.639> to<00:12:41.850> to<00:12:42.209> to<00:12:43.199> invest<00:12:43.579> in 00:12:44.910 --> 00:12:44.920 align:start position:0% we'd like to to to invest in 00:12:44.920 --> 00:12:50.009 align:start position:0% we'd like to to to invest in in<00:12:45.339> the<00:12:45.519> broader<00:12:45.790> ecosystem<00:12:48.959> certain<00:12:49.959> you 00:12:50.009 --> 00:12:50.019 align:start position:0% in the broader ecosystem certain you 00:12:50.019 --> 00:12:52.019 align:start position:0% in the broader ecosystem certain you know<00:12:50.079> just<00:12:50.350> to<00:12:50.500> drill<00:12:51.040> into<00:12:51.220> one<00:12:51.790> of<00:12:51.910> these 00:12:52.019 --> 00:12:52.029 align:start position:0% know just to drill into one of these 00:12:52.029 --> 00:12:54.329 align:start position:0% know just to drill into one of these foundations<00:12:52.649> where<00:12:53.649> I<00:12:53.709> think<00:12:53.950> there's<00:12:54.130> this 00:12:54.329 --> 00:12:54.339 align:start position:0% foundations where I think there's this 00:12:54.339 --> 00:12:56.400 align:start position:0% foundations where I think there's this very<00:12:54.579> good<00:12:54.760> alignment<00:12:55.029> is<00:12:55.389> protocol<00:12:56.079> abso 00:12:56.400 --> 00:12:56.410 align:start position:0% very good alignment is protocol abso 00:12:56.410 --> 00:12:58.259 align:start position:0% very good alignment is protocol abso protocol<00:12:56.800> labs<00:12:57.010> at<00:12:57.250> the<00:12:57.550> legal<00:12:57.850> layer<00:12:58.000> they 00:12:58.259 --> 00:12:58.269 align:start position:0% protocol labs at the legal layer they 00:12:58.269 --> 00:13:00.780 align:start position:0% protocol labs at the legal layer they have<00:12:58.480> this<00:12:58.660> really<00:12:59.529> nice<00:12:59.709> open<00:13:00.220> pledge<00:13:00.459> where 00:13:00.780 --> 00:13:00.790 align:start position:0% have this really nice open pledge where 00:13:00.790 --> 00:13:02.280 align:start position:0% have this really nice open pledge where they<00:13:01.209> say<00:13:01.420> that<00:13:01.449> the<00:13:01.660> code<00:13:01.899> that<00:13:02.110> they're 00:13:02.280 --> 00:13:02.290 align:start position:0% they say that the code that they're 00:13:02.290 --> 00:13:05.160 align:start position:0% they say that the code that they're shipping<00:13:02.529> is<00:13:02.860> you<00:13:03.850> know<00:13:03.970> dual<00:13:04.420> license<00:13:04.870> and<00:13:05.050> - 00:13:05.160 --> 00:13:05.170 align:start position:0% shipping is you know dual license and - 00:13:05.170 --> 00:13:08.189 align:start position:0% shipping is you know dual license and - under<00:13:05.560> -<00:13:05.589> extremely<00:13:06.660> permissive<00:13:07.660> licenses 00:13:08.189 --> 00:13:08.199 align:start position:0% under - extremely permissive licenses 00:13:08.199 --> 00:13:10.680 align:start position:0% under - extremely permissive licenses and<00:13:08.470> any<00:13:09.370> patents<00:13:09.850> that<00:13:09.880> they<00:13:09.970> have<00:13:10.240> they<00:13:10.480> have 00:13:10.680 --> 00:13:10.690 align:start position:0% and any patents that they have they have 00:13:10.690 --> 00:13:14.300 align:start position:0% and any patents that they have they have this<00:13:10.839> painted<00:13:11.589> non-aggression<00:13:12.209> pledge 00:13:14.300 --> 00:13:14.310 align:start position:0% this painted non-aggression pledge 00:13:14.310 --> 00:13:17.840 align:start position:0% this painted non-aggression pledge they're<00:13:15.310> also<00:13:15.430> trying<00:13:15.820> very<00:13:16.120> hard<00:13:16.209> to<00:13:16.690> build 00:13:17.840 --> 00:13:17.850 align:start position:0% they're also trying very hard to build 00:13:17.850 --> 00:13:20.699 align:start position:0% they're also trying very hard to build modular<00:13:18.850> components<00:13:19.750> that<00:13:19.899> can<00:13:20.050> be<00:13:20.110> reused 00:13:20.699 --> 00:13:20.709 align:start position:0% modular components that can be reused 00:13:20.709 --> 00:13:23.250 align:start position:0% modular components that can be reused and<00:13:20.980> the<00:13:21.610> more<00:13:21.850> modularity<00:13:22.240> that<00:13:22.510> you<00:13:22.720> have<00:13:22.959> I 00:13:23.250 --> 00:13:23.260 align:start position:0% and the more modularity that you have I 00:13:23.260 --> 00:13:26.850 align:start position:0% and the more modularity that you have I think<00:13:24.120> the<00:13:25.120> better<00:13:25.360> in<00:13:25.720> terms<00:13:25.899> of<00:13:26.110> reuse<00:13:26.589> and 00:13:26.850 --> 00:13:26.860 align:start position:0% think the better in terms of reuse and 00:13:26.860 --> 00:13:29.819 align:start position:0% think the better in terms of reuse and there's<00:13:27.190> one<00:13:27.459> specific<00:13:28.079> module<00:13:29.079> that<00:13:29.350> the<00:13:29.500> if 00:13:29.819 --> 00:13:29.829 align:start position:0% there's one specific module that the if 00:13:29.829 --> 00:13:32.879 align:start position:0% there's one specific module that the if -<00:13:30.000> is<00:13:31.000> looking<00:13:31.449> to<00:13:31.660> to<00:13:31.959> reuse<00:13:32.320> and<00:13:32.529> the<00:13:32.589> flip 00:13:32.879 --> 00:13:32.889 align:start position:0% - is looking to to reuse and the flip 00:13:32.889 --> 00:13:35.759 align:start position:0% - is looking to to reuse and the flip p2p<00:13:33.480> and<00:13:34.480> it's<00:13:35.079> not<00:13:35.199> just<00:13:35.440> something<00:13:35.620> that 00:13:35.759 --> 00:13:35.769 align:start position:0% p2p and it's not just something that 00:13:35.769 --> 00:13:37.800 align:start position:0% p2p and it's not just something that we're<00:13:36.100> looking<00:13:36.130> to<00:13:36.610> use<00:13:36.790> it's<00:13:37.269> also<00:13:37.510> something 00:13:37.800 --> 00:13:37.810 align:start position:0% we're looking to use it's also something 00:13:37.810 --> 00:13:40.650 align:start position:0% we're looking to use it's also something for<00:13:38.230> example<00:13:38.649> that<00:13:39.149> cosmos<00:13:40.149> is<00:13:40.300> looking<00:13:40.540> to 00:13:40.650 --> 00:13:40.660 align:start position:0% for example that cosmos is looking to 00:13:40.660 --> 00:13:44.759 align:start position:0% for example that cosmos is looking to use<00:13:40.899> polka<00:13:41.560> dot<00:13:41.740> is<00:13:41.889> you<00:13:42.630> looking<00:13:43.630> to<00:13:43.779> use<00:13:43.990> etc 00:13:44.759 --> 00:13:44.769 align:start position:0% use polka dot is you looking to use etc 00:13:44.769 --> 00:13:47.040 align:start position:0% use polka dot is you looking to use etc et-cetera<00:13:45.459> so<00:13:45.699> it's<00:13:45.970> it's<00:13:46.360> becoming<00:13:46.810> a 00:13:47.040 --> 00:13:47.050 align:start position:0% et-cetera so it's it's becoming a 00:13:47.050 --> 00:13:50.160 align:start position:0% et-cetera so it's it's becoming a standard<00:13:47.889> which<00:13:48.070> is<00:13:48.100> fantastic 00:13:50.160 --> 00:13:50.170 align:start position:0% standard which is fantastic 00:13:50.170 --> 00:13:51.930 align:start position:0% standard which is fantastic and<00:13:50.470> they're<00:13:50.680> also<00:13:50.800> you<00:13:51.250> know<00:13:51.339> very<00:13:51.550> generous 00:13:51.930 --> 00:13:51.940 align:start position:0% and they're also you know very generous 00:13:51.940 --> 00:13:55.380 align:start position:0% and they're also you know very generous in<00:13:52.089> terms<00:13:52.269> of<00:13:52.420> funding<00:13:52.810> common<00:13:53.110> goods<00:13:53.399> and<00:13:54.399> you 00:13:55.380 --> 00:13:55.390 align:start position:0% in terms of funding common goods and you 00:13:55.390 --> 00:13:57.569 align:start position:0% in terms of funding common goods and you know<00:13:55.510> they're<00:13:56.050> very<00:13:56.230> proactive<00:13:56.470> in<00:13:57.100> terms<00:13:57.370> of 00:13:57.569 --> 00:13:57.579 align:start position:0% know they're very proactive in terms of 00:13:57.579 --> 00:14:01.199 align:start position:0% know they're very proactive in terms of finding<00:13:58.560> places<00:13:59.560> where<00:14:00.070> not<00:14:00.699> only<00:14:00.730> can<00:14:01.000> they 00:14:01.199 --> 00:14:01.209 align:start position:0% finding places where not only can they 00:14:01.209 --> 00:14:03.060 align:start position:0% finding places where not only can they benefit<00:14:01.540> themselves<00:14:02.110> but<00:14:02.260> they<00:14:02.410> can<00:14:02.440> benefit 00:14:03.060 --> 00:14:03.070 align:start position:0% benefit themselves but they can benefit 00:14:03.070 --> 00:14:07.410 align:start position:0% benefit themselves but they can benefit the<00:14:03.220> whole<00:14:03.370> ecosystem<00:14:05.850> so<00:14:06.850> in<00:14:06.970> terms<00:14:07.209> of 00:14:07.410 --> 00:14:07.420 align:start position:0% the whole ecosystem so in terms of 00:14:07.420 --> 00:14:12.600 align:start position:0% the whole ecosystem so in terms of standards<00:14:08.350> which<00:14:08.500> is<00:14:08.680> one<00:14:08.860> of<00:14:08.890> the<00:14:10.199> the<00:14:11.610> goals 00:14:12.600 --> 00:14:12.610 align:start position:0% standards which is one of the the goals 00:14:12.610 --> 00:14:14.610 align:start position:0% standards which is one of the the goals if<00:14:12.880> we<00:14:13.000> want<00:14:13.240> to<00:14:13.329> try<00:14:13.660> and<00:14:13.690> be<00:14:13.899> really<00:14:14.230> good<00:14:14.410> at 00:14:14.610 --> 00:14:14.620 align:start position:0% if we want to try and be really good at 00:14:14.620 --> 00:14:17.670 align:start position:0% if we want to try and be really good at working<00:14:14.949> together<00:14:15.300> I<00:14:16.300> think<00:14:16.990> we're<00:14:17.410> starting 00:14:17.670 --> 00:14:17.680 align:start position:0% working together I think we're starting 00:14:17.680 --> 00:14:20.400 align:start position:0% working together I think we're starting to<00:14:17.890> see<00:14:18.130> the<00:14:18.279> emergence<00:14:18.430> of<00:14:19.410> blockchain 00:14:20.400 --> 00:14:20.410 align:start position:0% to see the emergence of blockchain 00:14:20.410 --> 00:14:21.090 align:start position:0% to see the emergence of blockchain standards 00:14:21.090 --> 00:14:21.100 align:start position:0% standards 00:14:21.100 --> 00:14:25.199 align:start position:0% standards kind<00:14:21.730> of<00:14:21.790> a<00:14:21.910> stack<00:14:22.240> so<00:14:22.920> it<00:14:23.920> started<00:14:24.519> it<00:14:24.790> starts 00:14:25.199 --> 00:14:25.209 align:start position:0% kind of a stack so it started it starts 00:14:25.209 --> 00:14:28.680 align:start position:0% kind of a stack so it started it starts with<00:14:25.440> sha-256<00:14:26.440> at<00:14:26.649> the<00:14:26.800> at<00:14:26.980> the<00:14:27.100> bottom<00:14:27.630> at<00:14:28.630> the 00:14:28.680 --> 00:14:28.690 align:start position:0% with sha-256 at the at the bottom at the 00:14:28.690 --> 00:14:30.269 align:start position:0% with sha-256 at the at the bottom at the bottom<00:14:28.779> layer<00:14:29.170> the<00:14:29.290> vast<00:14:29.649> majority<00:14:29.860> of 00:14:30.269 --> 00:14:30.279 align:start position:0% bottom layer the vast majority of 00:14:30.279 --> 00:14:32.309 align:start position:0% bottom layer the vast majority of existing<00:14:30.730> and<00:14:31.329> future<00:14:31.360> blockchain<00:14:31.959> projects 00:14:32.309 --> 00:14:32.319 align:start position:0% existing and future blockchain projects 00:14:32.319 --> 00:14:36.150 align:start position:0% existing and future blockchain projects are<00:14:32.529> built<00:14:32.949> on<00:14:33.360> sha-256<00:14:34.360> and<00:14:34.740> that<00:14:35.740> prevents<00:14:36.130> a 00:14:36.150 --> 00:14:36.160 align:start position:0% are built on sha-256 and that prevents a 00:14:36.160 --> 00:14:39.300 align:start position:0% are built on sha-256 and that prevents a lot<00:14:36.310> of<00:14:36.399> headaches<00:14:37.620> if<00:14:38.620> we<00:14:38.800> all<00:14:38.949> use<00:14:39.160> the<00:14:39.279> same 00:14:39.300 --> 00:14:39.310 align:start position:0% lot of headaches if we all use the same 00:14:39.310 --> 00:14:40.129 align:start position:0% lot of headaches if we all use the same thing 00:14:40.129 --> 00:14:40.139 align:start position:0% thing 00:14:40.139 --> 00:14:43.980 align:start position:0% thing PGP<00:14:41.139> I<00:14:41.560> think<00:14:42.069> has<00:14:42.370> a<00:14:42.399> really<00:14:43.269> good<00:14:43.420> shot<00:14:43.480> at 00:14:43.980 --> 00:14:43.990 align:start position:0% PGP I think has a really good shot at 00:14:43.990 --> 00:14:46.069 align:start position:0% PGP I think has a really good shot at becoming<00:14:44.230> you<00:14:45.220> know<00:14:45.250> the<00:14:45.490> standardized 00:14:46.069 --> 00:14:46.079 align:start position:0% becoming you know the standardized 00:14:46.079 --> 00:14:49.800 align:start position:0% becoming you know the standardized networking<00:14:47.079> peer-to-peer<00:14:48.040> layer<00:14:48.670> for<00:14:49.600> the 00:14:49.800 --> 00:14:49.810 align:start position:0% networking peer-to-peer layer for the 00:14:49.810 --> 00:14:52.069 align:start position:0% networking peer-to-peer layer for the the<00:14:50.050> various<00:14:50.319> blockchain<00:14:50.680> projects<00:14:51.069> we<00:14:51.730> have 00:14:52.069 --> 00:14:52.079 align:start position:0% the various blockchain projects we have 00:14:52.079 --> 00:14:55.380 align:start position:0% the various blockchain projects we have BLS<00:14:53.079> and<00:14:53.440> maybe<00:14:53.949> even<00:14:54.279> more<00:14:54.399> specifically<00:14:54.850> BLS 00:14:55.380 --> 00:14:55.390 align:start position:0% BLS and maybe even more specifically BLS 00:14:55.390 --> 00:14:58.020 align:start position:0% BLS and maybe even more specifically BLS 1281<00:14:56.079> as<00:14:56.709> part<00:14:57.010> of<00:14:57.100> that<00:14:57.220> stack 00:14:58.020 --> 00:14:58.030 align:start position:0% 1281 as part of that stack 00:14:58.030 --> 00:15:03.000 align:start position:0% 1281 as part of that stack was<00:14:58.270> them<00:14:59.130> and<00:15:00.130> I<00:15:00.610> think<00:15:01.290> at<00:15:02.290> one<00:15:02.320> of<00:15:02.590> the<00:15:02.680> final 00:15:03.000 --> 00:15:03.010 align:start position:0% was them and I think at one of the final 00:15:03.010 --> 00:15:05.670 align:start position:0% was them and I think at one of the final layers<00:15:03.450> we're<00:15:04.450> gonna<00:15:04.600> have<00:15:04.750> Universal<00:15:05.380> snark 00:15:05.670 --> 00:15:05.680 align:start position:0% layers we're gonna have Universal snark 00:15:05.680 --> 00:15:08.010 align:start position:0% layers we're gonna have Universal snark so<00:15:05.860> this<00:15:06.010> is<00:15:06.160> a<00:15:06.190> very<00:15:06.910> recent<00:15:07.150> development<00:15:07.390> but 00:15:08.010 --> 00:15:08.020 align:start position:0% so this is a very recent development but 00:15:08.020 --> 00:15:10.640 align:start position:0% so this is a very recent development but it's<00:15:08.140> very<00:15:08.260> exciting<00:15:08.890> it's<00:15:09.370> the<00:15:09.580> idea<00:15:09.940> that 00:15:10.640 --> 00:15:10.650 align:start position:0% it's very exciting it's the idea that 00:15:10.650 --> 00:15:15.030 align:start position:0% it's very exciting it's the idea that you<00:15:11.650> can<00:15:11.800> have<00:15:11.830> a<00:15:13.140> snark<00:15:14.140> proving<00:15:14.680> system 00:15:15.030 --> 00:15:15.040 align:start position:0% you can have a snark proving system 00:15:15.040 --> 00:15:16.800 align:start position:0% you can have a snark proving system which<00:15:15.310> works<00:15:15.610> for<00:15:15.820> everyone<00:15:16.270> which<00:15:16.780> is 00:15:16.800 --> 00:15:16.810 align:start position:0% which works for everyone which is 00:15:16.810 --> 00:15:19.410 align:start position:0% which works for everyone which is circuit<00:15:17.350> agnostic<00:15:17.890> and<00:15:18.640> in<00:15:18.760> particular<00:15:19.270> and 00:15:19.410 --> 00:15:19.420 align:start position:0% circuit agnostic and in particular and 00:15:19.420 --> 00:15:24.180 align:start position:0% circuit agnostic and in particular and the<00:15:19.480> trusted<00:15:19.870> set<00:15:20.050> up<00:15:21.930> like<00:15:22.930> the<00:15:23.320> Z<00:15:23.800> cache<00:15:24.010> for 00:15:24.180 --> 00:15:24.190 align:start position:0% the trusted set up like the Z cache for 00:15:24.190 --> 00:15:28.440 align:start position:0% the trusted set up like the Z cache for example<00:15:24.580> is<00:15:26.130> it's<00:15:27.130> a<00:15:27.250> they<00:15:27.550> pioneered<00:15:28.060> the<00:15:28.420> use 00:15:28.440 --> 00:15:28.450 align:start position:0% example is it's a they pioneered the use 00:15:28.450 --> 00:15:32.190 align:start position:0% example is it's a they pioneered the use of<00:15:29.160> Zeke<00:15:30.160> of<00:15:30.640> snarks<00:15:31.090> within<00:15:31.360> a<00:15:31.480> block<00:15:32.020> chain 00:15:32.190 --> 00:15:32.200 align:start position:0% of Zeke of snarks within a block chain 00:15:32.200 --> 00:15:34.410 align:start position:0% of Zeke of snarks within a block chain set<00:15:32.350> up<00:15:32.470> but<00:15:32.620> they<00:15:32.710> had<00:15:32.890> this<00:15:33.420> significant 00:15:34.410 --> 00:15:34.420 align:start position:0% set up but they had this significant 00:15:34.420 --> 00:15:36.510 align:start position:0% set up but they had this significant friction<00:15:34.810> of<00:15:35.020> having<00:15:35.470> to<00:15:35.620> do<00:15:35.740> a<00:15:35.770> trusted<00:15:36.310> set 00:15:36.510 --> 00:15:36.520 align:start position:0% friction of having to do a trusted set 00:15:36.520 --> 00:15:39.120 align:start position:0% friction of having to do a trusted set up<00:15:36.840> for<00:15:37.840> their<00:15:37.990> specific<00:15:38.170> application 00:15:39.120 --> 00:15:39.130 align:start position:0% up for their specific application 00:15:39.130 --> 00:15:41.130 align:start position:0% up for their specific application but<00:15:39.430> now<00:15:39.580> we<00:15:39.640> have<00:15:39.970> new<00:15:40.150> technologies<00:15:40.720> to<00:15:40.750> try 00:15:41.130 --> 00:15:41.140 align:start position:0% but now we have new technologies to try 00:15:41.140 --> 00:15:43.290 align:start position:0% but now we have new technologies to try and<00:15:41.230> avoid<00:15:41.320> this<00:15:41.740> barrier<00:15:42.040> to<00:15:42.130> entry<00:15:42.300> and 00:15:43.290 --> 00:15:43.300 align:start position:0% and avoid this barrier to entry and 00:15:43.300 --> 00:15:45.900 align:start position:0% and avoid this barrier to entry and that's<00:15:43.510> very<00:15:43.720> exciting<00:15:44.050> and<00:15:44.730> one<00:15:45.730> of<00:15:45.820> the 00:15:45.900 --> 00:15:45.910 align:start position:0% that's very exciting and one of the 00:15:45.910 --> 00:15:48.420 align:start position:0% that's very exciting and one of the amazing<00:15:46.090> things<00:15:46.300> is<00:15:46.660> that<00:15:46.920> these<00:15:47.920> pieces<00:15:48.310> of 00:15:48.420 --> 00:15:48.430 align:start position:0% amazing things is that these pieces of 00:15:48.430 --> 00:15:51.300 align:start position:0% amazing things is that these pieces of technology<00:15:49.440> the<00:15:50.440> the<00:15:50.470> the<00:15:50.890> people<00:15:51.190> who 00:15:51.300 --> 00:15:51.310 align:start position:0% technology the the the people who 00:15:51.310 --> 00:15:54.000 align:start position:0% technology the the the people who actually<00:15:51.520> built<00:15:52.000> them<00:15:52.270> are<00:15:52.540> either<00:15:53.170> directly 00:15:54.000 --> 00:15:54.010 align:start position:0% actually built them are either directly 00:15:54.010 --> 00:15:56.520 align:start position:0% actually built them are either directly from<00:15:54.580> the<00:15:55.060> blocking<00:15:55.420> space<00:15:55.660> or<00:15:55.930> have<00:15:56.290> been 00:15:56.520 --> 00:15:56.530 align:start position:0% from the blocking space or have been 00:15:56.530 --> 00:15:58.800 align:start position:0% from the blocking space or have been subsumed<00:15:57.100> and<00:15:57.460> incorporated<00:15:58.420> into<00:15:58.600> the 00:15:58.800 --> 00:15:58.810 align:start position:0% subsumed and incorporated into the 00:15:58.810 --> 00:16:01.620 align:start position:0% subsumed and incorporated into the blockchain<00:15:59.020> space<00:15:59.410> so<00:16:00.070> for<00:16:00.520> example<00:16:00.970> plunk 00:16:01.620 --> 00:16:01.630 align:start position:0% blockchain space so for example plunk 00:16:01.630 --> 00:16:04.200 align:start position:0% blockchain space so for example plunk the<00:16:02.050> offer<00:16:02.200> the<00:16:02.890> authors<00:16:03.250> of<00:16:03.400> um<00:16:03.580> Falcone<00:16:04.060> and 00:16:04.200 --> 00:16:04.210 align:start position:0% the offer the authors of um Falcone and 00:16:04.210 --> 00:16:07.080 align:start position:0% the offer the authors of um Falcone and aztec<00:16:04.690> marlin<00:16:05.680> one<00:16:06.220> of<00:16:06.340> the<00:16:06.430> offices<00:16:06.790> from<00:16:06.910> a 00:16:07.080 --> 00:16:07.090 align:start position:0% aztec marlin one of the offices from a 00:16:07.090 --> 00:16:09.960 align:start position:0% aztec marlin one of the offices from a theorem<00:16:07.450> was<00:16:08.110> am<00:16:08.380> the<00:16:08.530> founder<00:16:08.860> of<00:16:08.890> Ihram<00:16:09.400> has 00:16:09.960 --> 00:16:09.970 align:start position:0% theorem was am the founder of Ihram has 00:16:09.970 --> 00:16:14.340 align:start position:0% theorem was am the founder of Ihram has gone<00:16:10.150> to<00:16:10.270> Definity<00:16:10.890> BLS<00:16:11.890> 1231<00:16:13.050> literal<00:16:14.050> easy 00:16:14.340 --> 00:16:14.350 align:start position:0% gone to Definity BLS 1231 literal easy 00:16:14.350 --> 00:16:16.290 align:start position:0% gone to Definity BLS 1231 literal easy cash<00:16:14.590> came<00:16:14.950> up<00:16:15.130> with<00:16:15.280> this<00:16:15.430> curved<00:16:15.760> sean<00:16:16.060> barie 00:16:16.290 --> 00:16:16.300 align:start position:0% cash came up with this curved sean barie 00:16:16.300 --> 00:16:20.940 align:start position:0% cash came up with this curved sean barie and<00:16:16.660> then<00:16:16.900> dl<00:16:18.660> bendlin<00:16:19.660> is<00:16:19.870> that<00:16:20.020> is<00:16:20.260> that<00:16:20.560> the 00:16:20.940 --> 00:16:20.950 align:start position:0% and then dl bendlin is that is that the 00:16:20.950 --> 00:16:24.630 align:start position:0% and then dl bendlin is that is that the affinity<00:16:21.340> and<00:16:22.410> the<00:16:23.410> same<00:16:23.620> wavelet<00:16:23.950> PGP<00:16:24.400> I 00:16:24.630 --> 00:16:24.640 align:start position:0% affinity and the same wavelet PGP I 00:16:24.640 --> 00:16:27.990 align:start position:0% affinity and the same wavelet PGP I guess<00:16:25.480> the<00:16:25.630> only<00:16:25.750> exception<00:16:26.380> is<00:16:26.560> a<00:16:27.010> char<00:16:27.340> 256 00:16:27.990 --> 00:16:28.000 align:start position:0% guess the only exception is a char 256 00:16:28.000 --> 00:16:31.740 align:start position:0% guess the only exception is a char 256 that<00:16:28.990> came<00:16:29.260> from<00:16:29.440> the<00:16:29.620> NSA<00:16:30.010> but<00:16:30.040> at<00:16:30.550> least<00:16:30.790> the 00:16:31.740 --> 00:16:31.750 align:start position:0% that came from the NSA but at least the 00:16:31.750 --> 00:16:34.280 align:start position:0% that came from the NSA but at least the logo<00:16:32.140> kind<00:16:32.410> of<00:16:32.500> looks<00:16:32.680> like<00:16:32.770> that<00:16:33.130> of<00:16:33.280> a<00:16:33.430> coin 00:16:34.280 --> 00:16:34.290 align:start position:0% logo kind of looks like that of a coin 00:16:34.290 --> 00:16:37.970 align:start position:0% logo kind of looks like that of a coin [Laughter] 00:16:37.970 --> 00:16:37.980 align:start position:0% [Laughter] 00:16:37.980 --> 00:16:41.040 align:start position:0% [Laughter] you<00:16:38.980> know<00:16:39.100> interoperability<00:16:39.730> as<00:16:40.090> well<00:16:40.300> is<00:16:40.540> is 00:16:41.040 --> 00:16:41.050 align:start position:0% you know interoperability as well is is 00:16:41.050 --> 00:16:44.040 align:start position:0% you know interoperability as well is is is<00:16:41.770> a<00:16:41.830> great<00:16:42.160> way<00:16:42.400> to<00:16:42.430> collaborate<00:16:43.360> so<00:16:43.390> we<00:16:43.810> have 00:16:44.040 --> 00:16:44.050 align:start position:0% is a great way to collaborate so we have 00:16:44.050 --> 00:16:47.790 align:start position:0% is a great way to collaborate so we have these<00:16:44.440> these<00:16:44.920> two<00:16:45.780> projects<00:16:46.780> cosmos<00:16:47.350> and<00:16:47.590> and 00:16:47.790 --> 00:16:47.800 align:start position:0% these these two projects cosmos and and 00:16:47.800 --> 00:16:49.470 align:start position:0% these these two projects cosmos and and polka<00:16:48.070> dots<00:16:48.370> you<00:16:48.730> know<00:16:48.790> that<00:16:49.030> that's<00:16:49.210> part<00:16:49.450> of 00:16:49.470 --> 00:16:49.480 align:start position:0% polka dots you know that that's part of 00:16:49.480 --> 00:16:52.710 align:start position:0% polka dots you know that that's part of the<00:16:49.600> whole<00:16:49.780> vision<00:16:50.310> to<00:16:51.310> to<00:16:51.970> be<00:16:52.480> interoperable 00:16:52.710 --> 00:16:52.720 align:start position:0% the whole vision to to be interoperable 00:16:52.720 --> 00:16:55.770 align:start position:0% the whole vision to to be interoperable with<00:16:53.160> with<00:16:54.160> other<00:16:54.310> block<00:16:54.580> chains<00:16:54.820> and<00:16:55.060> so<00:16:55.240> you 00:16:55.770 --> 00:16:55.780 align:start position:0% with with other block chains and so you 00:16:55.780 --> 00:16:58.710 align:start position:0% with with other block chains and so you know<00:16:55.870> they've<00:16:56.320> made<00:16:56.590> an<00:16:56.740> effort<00:16:56.890> to<00:16:57.130> take<00:16:58.000> take 00:16:58.710 --> 00:16:58.720 align:start position:0% know they've made an effort to take take 00:16:58.720 --> 00:17:01.410 align:start position:0% know they've made an effort to take take modules<00:16:59.290> that<00:16:59.770> are<00:16:59.830> reusable<00:17:00.340> and 00:17:01.410 --> 00:17:01.420 align:start position:0% modules that are reusable and 00:17:01.420 --> 00:17:03.630 align:start position:0% modules that are reusable and and<00:17:01.770> share<00:17:02.770> them<00:17:02.950> to<00:17:02.980> the<00:17:03.160> communities<00:17:03.550> that 00:17:03.630 --> 00:17:03.640 align:start position:0% and share them to the communities that 00:17:03.640 --> 00:17:05.550 align:start position:0% and share them to the communities that we<00:17:03.760> have<00:17:03.880> IBC<00:17:04.360> from<00:17:04.570> cosmos<00:17:05.050> we<00:17:05.530> have 00:17:05.550 --> 00:17:05.560 align:start position:0% we have IBC from cosmos we have 00:17:05.560 --> 00:17:08.580 align:start position:0% we have IBC from cosmos we have substrate<00:17:06.360> and<00:17:07.360> another<00:17:07.900> interesting<00:17:08.410> trend 00:17:08.580 --> 00:17:08.590 align:start position:0% substrate and another interesting trend 00:17:08.590 --> 00:17:11.370 align:start position:0% substrate and another interesting trend that<00:17:08.860> we're<00:17:09.040> seeing<00:17:09.070> is<00:17:09.670> a<00:17:09.810> stock<00:17:10.810> based<00:17:11.140> light 00:17:11.370 --> 00:17:11.380 align:start position:0% that we're seeing is a stock based light 00:17:11.380 --> 00:17:13.830 align:start position:0% that we're seeing is a stock based light clients<00:17:11.830> because<00:17:12.340> interoperability<00:17:12.840> between 00:17:13.830 --> 00:17:13.840 align:start position:0% clients because interoperability between 00:17:13.840 --> 00:17:17.190 align:start position:0% clients because interoperability between chains<00:17:14.500> is<00:17:14.680> a<00:17:14.950> lot<00:17:15.280> about<00:17:15.690> light<00:17:16.690> clients<00:17:17.110> and 00:17:17.190 --> 00:17:17.200 align:start position:0% chains is a lot about light clients and 00:17:17.200 --> 00:17:18.390 align:start position:0% chains is a lot about light clients and we<00:17:17.260> want<00:17:17.410> them<00:17:17.500> to<00:17:17.560> be<00:17:17.770> as<00:17:17.950> cheap<00:17:17.980> as<00:17:18.310> possible 00:17:18.390 --> 00:17:18.400 align:start position:0% we want them to be as cheap as possible 00:17:18.400 --> 00:17:21.870 align:start position:0% we want them to be as cheap as possible and<00:17:19.000> we<00:17:19.420> have<00:17:19.450> coda<00:17:19.960> that's<00:17:20.440> working<00:17:21.430> with<00:17:21.640> the 00:17:21.870 --> 00:17:21.880 align:start position:0% and we have coda that's working with the 00:17:21.880 --> 00:17:25.230 align:start position:0% and we have coda that's working with the fully<00:17:22.810> recursive<00:17:23.410> snarks<00:17:23.770> M&T<00:17:24.190> for<00:17:24.370> 96<00:17:24.910> and 00:17:25.230 --> 00:17:25.240 align:start position:0% fully recursive snarks M&T for 96 and 00:17:25.240 --> 00:17:27.360 align:start position:0% fully recursive snarks M&T for 96 and then<00:17:25.630> we<00:17:25.720> have<00:17:25.870> seller<00:17:26.200> which<00:17:26.500> is<00:17:27.010> working 00:17:27.360 --> 00:17:27.370 align:start position:0% then we have seller which is working 00:17:27.370 --> 00:17:29.190 align:start position:0% then we have seller which is working with<00:17:27.520> one<00:17:27.730> level<00:17:27.970> of<00:17:28.180> recursion<00:17:28.570> with<00:17:29.020> the 00:17:29.190 --> 00:17:29.200 align:start position:0% with one level of recursion with the 00:17:29.200 --> 00:17:32.420 align:start position:0% with one level of recursion with the sexy<00:17:29.890> curves<00:17:30.160> all<00:17:30.700> super<00:17:31.210> interesting<00:17:31.780> stuff 00:17:32.420 --> 00:17:32.430 align:start position:0% sexy curves all super interesting stuff 00:17:32.430 --> 00:17:36.090 align:start position:0% sexy curves all super interesting stuff and<00:17:33.430> one<00:17:33.970> of<00:17:34.090> the<00:17:34.180> successes<00:17:34.570> I<00:17:35.020> think<00:17:35.560> a 00:17:36.090 --> 00:17:36.100 align:start position:0% and one of the successes I think a 00:17:36.100 --> 00:17:38.220 align:start position:0% and one of the successes I think a blockchain<00:17:36.790> collaboration<00:17:37.570> has<00:17:37.840> been<00:17:37.870> with 00:17:38.220 --> 00:17:38.230 align:start position:0% blockchain collaboration has been with 00:17:38.230 --> 00:17:40.440 align:start position:0% blockchain collaboration has been with the<00:17:38.350> academics<00:17:38.920> so<00:17:39.370> we<00:17:39.520> have<00:17:39.640> this<00:17:39.730> one<00:17:40.060> group 00:17:40.440 --> 00:17:40.450 align:start position:0% the academics so we have this one group 00:17:40.450 --> 00:17:42.120 align:start position:0% the academics so we have this one group at<00:17:40.690> Stanford<00:17:41.200> which<00:17:41.410> is<00:17:41.530> basically<00:17:41.860> for 00:17:42.120 --> 00:17:42.130 align:start position:0% at Stanford which is basically for 00:17:42.130 --> 00:17:45.210 align:start position:0% at Stanford which is basically for people<00:17:42.180> looking<00:17:43.180> into<00:17:43.680> blockchain<00:17:44.680> specific 00:17:45.210 --> 00:17:45.220 align:start position:0% people looking into blockchain specific 00:17:45.220 --> 00:17:47.730 align:start position:0% people looking into blockchain specific stuff<00:17:45.430> and<00:17:45.670> they've<00:17:45.850> they've<00:17:46.630> invented<00:17:47.020> would 00:17:47.730 --> 00:17:47.740 align:start position:0% stuff and they've they've invented would 00:17:47.740 --> 00:17:49.620 align:start position:0% stuff and they've they've invented would you<00:17:48.010> know<00:17:48.100> they've<00:17:48.310> they've<00:17:48.730> pushed<00:17:49.090> forward 00:17:49.620 --> 00:17:49.630 align:start position:0% you know they've they've pushed forward 00:17:49.630 --> 00:17:52.230 align:start position:0% you know they've they've pushed forward you<00:17:50.200> know<00:17:50.260> this<00:17:50.770> very<00:17:51.190> significant<00:17:51.820> chunk<00:17:52.060> of 00:17:52.230 --> 00:17:52.240 align:start position:0% you know this very significant chunk of 00:17:52.240 --> 00:17:53.940 align:start position:0% you know this very significant chunk of the<00:17:52.390> crypto<00:17:52.750> which<00:17:52.960> is<00:17:53.110> used<00:17:53.350> today<00:17:53.500> by<00:17:53.740> block 00:17:53.940 --> 00:17:53.950 align:start position:0% the crypto which is used today by block 00:17:53.950 --> 00:17:56.340 align:start position:0% the crypto which is used today by block chains<00:17:54.190> and<00:17:54.400> this<00:17:54.790> is<00:17:54.970> the<00:17:55.090> stuff<00:17:55.360> that<00:17:55.600> have 00:17:56.340 --> 00:17:56.350 align:start position:0% chains and this is the stuff that have 00:17:56.350 --> 00:17:59.760 align:start position:0% chains and this is the stuff that have that<00:17:56.860> they<00:17:57.100> have<00:17:57.490> influenced<00:17:57.970> us<00:17:58.150> within<00:17:58.930> if 00:17:59.760 --> 00:17:59.770 align:start position:0% that they have influenced us within if 00:17:59.770 --> 00:18:01.710 align:start position:0% that they have influenced us within if etherium<00:18:00.400> but<00:18:00.850> there's<00:18:01.030> all<00:18:01.180> sorts<00:18:01.480> of<00:18:01.540> other 00:18:01.710 --> 00:18:01.720 align:start position:0% etherium but there's all sorts of other 00:18:01.720 --> 00:18:04.830 align:start position:0% etherium but there's all sorts of other pieces<00:18:02.470> of<00:18:02.680> crypto<00:18:03.070> that<00:18:03.580> is<00:18:04.360> being<00:18:04.630> used 00:18:04.830 --> 00:18:04.840 align:start position:0% pieces of crypto that is being used 00:18:04.840 --> 00:18:07.950 align:start position:0% pieces of crypto that is being used within<00:18:05.050> the<00:18:05.290> wider<00:18:05.920> blockchain<00:18:06.400> space<00:18:06.670> and<00:18:07.000> I 00:18:07.950 --> 00:18:07.960 align:start position:0% within the wider blockchain space and I 00:18:07.960 --> 00:18:12.630 align:start position:0% within the wider blockchain space and I guess<00:18:08.700> a<00:18:09.700> large<00:18:10.630> part<00:18:11.260> of<00:18:11.440> this<00:18:11.680> this 00:18:12.630 --> 00:18:12.640 align:start position:0% guess a large part of this this 00:18:12.640 --> 00:18:15.960 align:start position:0% guess a large part of this this influence<00:18:13.920> probably<00:18:14.920> came<00:18:15.220> from<00:18:15.250> the<00:18:15.640> fact 00:18:15.960 --> 00:18:15.970 align:start position:0% influence probably came from the fact 00:18:15.970 --> 00:18:19.650 align:start position:0% influence probably came from the fact that<00:18:16.410> the<00:18:17.550> there<00:18:18.550> was<00:18:18.700> a<00:18:18.730> thirty<00:18:19.240> million 00:18:19.650 --> 00:18:19.660 align:start position:0% that the there was a thirty million 00:18:19.660 --> 00:18:22.650 align:start position:0% that the there was a thirty million dollars<00:18:19.960> of<00:18:20.080> funding<00:18:20.500> to<00:18:20.950> the<00:18:21.820> the<00:18:22.240> Stanford 00:18:22.650 --> 00:18:22.660 align:start position:0% dollars of funding to the the Stanford 00:18:22.660 --> 00:18:24.090 align:start position:0% dollars of funding to the the Stanford center<00:18:22.840> for<00:18:22.990> blockchain<00:18:23.440> research<00:18:23.800> which 00:18:24.090 --> 00:18:24.100 align:start position:0% center for blockchain research which 00:18:24.100 --> 00:18:28.530 align:start position:0% center for blockchain research which happened<00:18:24.520> in<00:18:25.110> 2018<00:18:26.110> and<00:18:26.320> so<00:18:26.950> and<00:18:27.340> here<00:18:28.240> you 00:18:28.530 --> 00:18:28.540 align:start position:0% happened in 2018 and so and here you 00:18:28.540 --> 00:18:29.850 align:start position:0% happened in 2018 and so and here you know<00:18:28.660> we've<00:18:28.840> seen<00:18:28.870> collaboration<00:18:29.710> at<00:18:29.830> the 00:18:29.850 --> 00:18:29.860 align:start position:0% know we've seen collaboration at the 00:18:29.860 --> 00:18:30.810 align:start position:0% know we've seen collaboration at the funding<00:18:30.190> level<00:18:30.460> there's<00:18:30.610> four<00:18:30.790> different 00:18:30.810 --> 00:18:30.820 align:start position:0% funding level there's four different 00:18:30.820 --> 00:18:33.960 align:start position:0% funding level there's four different blockchain<00:18:31.360> projects<00:18:31.810> and<00:18:32.800> others<00:18:33.250> that<00:18:33.460> have 00:18:33.960 --> 00:18:33.970 align:start position:0% blockchain projects and others that have 00:18:33.970 --> 00:18:35.790 align:start position:0% blockchain projects and others that have funded<00:18:34.600> this<00:18:34.750> and<00:18:34.930> it's<00:18:35.020> been<00:18:35.170> a<00:18:35.200> huge<00:18:35.560> huge 00:18:35.790 --> 00:18:35.800 align:start position:0% funded this and it's been a huge huge 00:18:35.800 --> 00:18:38.250 align:start position:0% funded this and it's been a huge huge success<00:18:36.220> and<00:18:36.430> the<00:18:37.030> Stanford<00:18:37.420> center<00:18:38.110> for 00:18:38.250 --> 00:18:38.260 align:start position:0% success and the Stanford center for 00:18:38.260 --> 00:18:40.050 align:start position:0% success and the Stanford center for blockchain<00:18:38.620> research<00:18:38.980> in<00:18:39.340> addition<00:18:39.610> to<00:18:39.970> doing 00:18:40.050 --> 00:18:40.060 align:start position:0% blockchain research in addition to doing 00:18:40.060 --> 00:18:41.430 align:start position:0% blockchain research in addition to doing all<00:18:40.300> this<00:18:40.420> research<00:18:40.660> they're<00:18:41.020> doing<00:18:41.260> all 00:18:41.430 --> 00:18:41.440 align:start position:0% all this research they're doing all 00:18:41.440 --> 00:18:42.990 align:start position:0% all this research they're doing all sorts<00:18:41.770> of<00:18:41.800> other<00:18:41.950> programs<00:18:42.460> that<00:18:42.700> are 00:18:42.990 --> 00:18:43.000 align:start position:0% sorts of other programs that are 00:18:43.000 --> 00:18:47.640 align:start position:0% sorts of other programs that are providing<00:18:43.450> value<00:18:43.600> to<00:18:43.750> the<00:18:44.050> ecosystem<00:18:46.620> so<00:18:47.620> I 00:18:47.640 --> 00:18:47.650 align:start position:0% providing value to the ecosystem so I 00:18:47.650 --> 00:18:51.270 align:start position:0% providing value to the ecosystem so I mentioned<00:18:48.130> these<00:18:48.840> Universal<00:18:49.840> snarks<00:18:50.260> and<00:18:51.100> so 00:18:51.270 --> 00:18:51.280 align:start position:0% mentioned these Universal snarks and so 00:18:51.280 --> 00:18:53.430 align:start position:0% mentioned these Universal snarks and so the<00:18:51.430> snark<00:18:51.700> ceremonies<00:18:52.300> is<00:18:52.450> one<00:18:52.630> thing<00:18:52.840> that<00:18:53.080> I 00:18:53.430 --> 00:18:53.440 align:start position:0% the snark ceremonies is one thing that I 00:18:53.440 --> 00:18:55.590 align:start position:0% the snark ceremonies is one thing that I think<00:18:53.830> we<00:18:54.070> can<00:18:54.220> collaborate<00:18:54.490> because<00:18:55.180> it's<00:18:55.510> a 00:18:55.590 --> 00:18:55.600 align:start position:0% think we can collaborate because it's a 00:18:55.600 --> 00:18:58.290 align:start position:0% think we can collaborate because it's a shared<00:18:55.900> piece<00:18:56.200> of<00:18:56.350> technology<00:18:56.860> and<00:18:57.300> here 00:18:58.290 --> 00:18:58.300 align:start position:0% shared piece of technology and here 00:18:58.300 --> 00:19:00.960 align:start position:0% shared piece of technology and here actually<00:18:58.690> in<00:18:59.110> the<00:18:59.200> participation<00:18:59.970> diversity 00:19:00.960 --> 00:19:00.970 align:start position:0% actually in the participation diversity 00:19:00.970 --> 00:19:04.200 align:start position:0% actually in the participation diversity is<00:19:01.150> key<00:19:01.390> so<00:19:01.600> we<00:19:01.720> want<00:19:01.900> to<00:19:01.990> try<00:19:02.140> and<00:19:03.210> reduce 00:19:04.200 --> 00:19:04.210 align:start position:0% is key so we want to try and reduce 00:19:04.210 --> 00:19:06.330 align:start position:0% is key so we want to try and reduce trust<00:19:04.600> in<00:19:04.720> the<00:19:04.810> system<00:19:04.990> and<00:19:05.440> the<00:19:05.950> more<00:19:06.190> diverse 00:19:06.330 --> 00:19:06.340 align:start position:0% trust in the system and the more diverse 00:19:06.340 --> 00:19:08.130 align:start position:0% trust in the system and the more diverse the<00:19:06.580> participants<00:19:07.120> the<00:19:07.360> better<00:19:07.540> so<00:19:07.990> that's 00:19:08.130 --> 00:19:08.140 align:start position:0% the participants the better so that's 00:19:08.140 --> 00:19:11.270 align:start position:0% the participants the better so that's another<00:19:08.410> area<00:19:08.530> for<00:19:08.830> collaboration<00:19:09.610> and 00:19:11.270 --> 00:19:11.280 align:start position:0% another area for collaboration and 00:19:11.280 --> 00:19:14.190 align:start position:0% another area for collaboration and another<00:19:12.280> kind<00:19:12.640> of<00:19:12.700> interesting<00:19:13.480> trend<00:19:13.750> is<00:19:13.990> is 00:19:14.190 --> 00:19:14.200 align:start position:0% another kind of interesting trend is is 00:19:14.200 --> 00:19:15.210 align:start position:0% another kind of interesting trend is is hardware 00:19:15.210 --> 00:19:15.220 align:start position:0% hardware 00:19:15.220 --> 00:19:17.100 align:start position:0% hardware can<00:19:15.429> we<00:19:15.549> use<00:19:15.730> hardware<00:19:16.210> to<00:19:16.390> our<00:19:16.480> benefits<00:19:16.929> and 00:19:17.100 --> 00:19:17.110 align:start position:0% can we use hardware to our benefits and 00:19:17.110 --> 00:19:19.140 align:start position:0% can we use hardware to our benefits and the<00:19:17.799> competition<00:19:18.429> model<00:19:18.580> which<00:19:18.909> worked 00:19:19.140 --> 00:19:19.150 align:start position:0% the competition model which worked 00:19:19.150 --> 00:19:21.720 align:start position:0% the competition model which worked really<00:19:19.360> well<00:19:19.510> for<00:19:19.659> proof<00:19:19.990> of<00:19:20.110> work<00:19:20.320> is<00:19:20.559> also<00:19:21.070> I 00:19:21.720 --> 00:19:21.730 align:start position:0% really well for proof of work is also I 00:19:21.730 --> 00:19:23.549 align:start position:0% really well for proof of work is also I believe<00:19:22.330> going<00:19:22.539> to<00:19:22.720> work<00:19:22.900> extremely<00:19:23.200> well<00:19:23.409> for 00:19:23.549 --> 00:19:23.559 align:start position:0% believe going to work extremely well for 00:19:23.559 --> 00:19:26.159 align:start position:0% believe going to work extremely well for vdf<00:19:24.070> and<00:19:24.340> snack<00:19:24.909> Asics<00:19:25.390> I<00:19:25.630> think<00:19:25.960> at<00:19:26.080> this 00:19:26.159 --> 00:19:26.169 align:start position:0% vdf and snack Asics I think at this 00:19:26.169 --> 00:19:29.940 align:start position:0% vdf and snack Asics I think at this point<00:19:26.260> we<00:19:26.980> all<00:19:27.130> want<00:19:27.370> Cece<00:19:27.880> stock<00:19:28.179> Asics<00:19:28.659> as<00:19:28.950> as 00:19:29.940 --> 00:19:29.950 align:start position:0% point we all want Cece stock Asics as as 00:19:29.950 --> 00:19:32.730 align:start position:0% point we all want Cece stock Asics as as the<00:19:30.549> the<00:19:30.820> next<00:19:31.059> piece<00:19:31.419> as<00:19:31.929> one<00:19:32.409> of<00:19:32.440> the<00:19:32.590> piece 00:19:32.730 --> 00:19:32.740 align:start position:0% the the next piece as one of the piece 00:19:32.740 --> 00:19:36.169 align:start position:0% the the next piece as one of the piece of<00:19:32.830> hardware<00:19:32.950> coming<00:19:33.429> up<00:19:34.230> so<00:19:35.230> on<00:19:35.409> that<00:19:35.590> topic 00:19:36.169 --> 00:19:36.179 align:start position:0% of hardware coming up so on that topic 00:19:36.179 --> 00:19:38.700 align:start position:0% of hardware coming up so on that topic in<00:19:37.179> terms<00:19:37.450> of<00:19:37.570> hardware<00:19:37.840> competitions<00:19:38.470> we 00:19:38.700 --> 00:19:38.710 align:start position:0% in terms of hardware competitions we 00:19:38.710 --> 00:19:42.299 align:start position:0% in terms of hardware competitions we just<00:19:38.919> finished<00:19:39.280> the<00:19:39.460> vdf<00:19:40.530> competition<00:19:41.530> which 00:19:42.299 --> 00:19:42.309 align:start position:0% just finished the vdf competition which 00:19:42.309 --> 00:19:47.510 align:start position:0% just finished the vdf competition which was<00:19:42.520> a<00:19:42.549> the<00:19:43.270> first<00:19:43.630> round<00:19:44.880> which<00:19:45.880> led<00:19:46.120> to<00:19:46.150> a<00:19:46.299> 75% 00:19:47.510 --> 00:19:47.520 align:start position:0% was a the first round which led to a 75% 00:19:47.520 --> 00:19:50.430 align:start position:0% was a the first round which led to a 75% speed-up<00:19:48.520> in<00:19:48.640> performance<00:19:49.440> congratulations 00:19:50.430 --> 00:19:50.440 align:start position:0% speed-up in performance congratulations 00:19:50.440 --> 00:19:53.310 align:start position:0% speed-up in performance congratulations Eric<00:19:51.070> person<00:19:51.460> for<00:19:51.640> that<00:19:51.760> and<00:19:52.030> we're<00:19:52.840> going<00:19:53.260> to 00:19:53.310 --> 00:19:53.320 align:start position:0% Eric person for that and we're going to 00:19:53.320 --> 00:19:54.539 align:start position:0% Eric person for that and we're going to start<00:19:53.590> the<00:19:53.799> second<00:19:54.159> round<00:19:54.309> of<00:19:54.429> the 00:19:54.539 --> 00:19:54.549 align:start position:0% start the second round of the 00:19:54.549 --> 00:19:59.010 align:start position:0% start the second round of the competition<00:19:54.960> in<00:19:55.960> just<00:19:56.230> a<00:19:56.320> few<00:19:56.470> days<00:19:56.620> and<00:19:58.020> you 00:19:59.010 --> 00:19:59.020 align:start position:0% competition in just a few days and you 00:19:59.020 --> 00:20:01.740 align:start position:0% competition in just a few days and you know<00:19:59.110> the<00:19:59.289> vdf<00:19:59.679> alliance<00:20:00.240> here<00:20:01.240> is<00:20:01.360> it's<00:20:01.630> an 00:20:01.740 --> 00:20:01.750 align:start position:0% know the vdf alliance here is it's an 00:20:01.750 --> 00:20:04.200 align:start position:0% know the vdf alliance here is it's an example<00:20:02.080> of<00:20:02.350> collaboration<00:20:02.620> where<00:20:03.370> we<00:20:03.940> could 00:20:04.200 --> 00:20:04.210 align:start position:0% example of collaboration where we could 00:20:04.210 --> 00:20:06.450 align:start position:0% example of collaboration where we could not<00:20:04.390> have<00:20:04.570> done<00:20:04.780> it<00:20:04.960> alone<00:20:05.260> it's<00:20:06.010> not<00:20:06.190> just 00:20:06.450 --> 00:20:06.460 align:start position:0% not have done it alone it's not just 00:20:06.460 --> 00:20:08.520 align:start position:0% not have done it alone it's not just that<00:20:06.970> where<00:20:07.179> we<00:20:07.630> would<00:20:07.780> be<00:20:07.900> wasting<00:20:08.500> resources 00:20:08.520 --> 00:20:08.530 align:start position:0% that where we would be wasting resources 00:20:08.530 --> 00:20:11.850 align:start position:0% that where we would be wasting resources if<00:20:09.340> we<00:20:09.370> if<00:20:10.360> we<00:20:10.419> tried<00:20:10.870> the<00:20:11.289> same<00:20:11.440> thing<00:20:11.679> at<00:20:11.799> the 00:20:11.850 --> 00:20:11.860 align:start position:0% if we if we tried the same thing at the 00:20:11.860 --> 00:20:13.860 align:start position:0% if we if we tried the same thing at the same<00:20:12.070> time<00:20:12.309> is<00:20:12.490> here<00:20:12.760> the<00:20:12.909> project<00:20:13.600> is<00:20:13.720> so 00:20:13.860 --> 00:20:13.870 align:start position:0% same time is here the project is so 00:20:13.870 --> 00:20:15.720 align:start position:0% same time is here the project is so expensive<00:20:14.200> that<00:20:14.470> we<00:20:14.650> need<00:20:14.890> collaboration<00:20:15.159> and 00:20:15.720 --> 00:20:15.730 align:start position:0% expensive that we need collaboration and 00:20:15.730 --> 00:20:18.060 align:start position:0% expensive that we need collaboration and here<00:20:16.330> I'm<00:20:16.450> excited<00:20:16.870> to<00:20:16.990> announce<00:20:17.110> that<00:20:17.409> tells 00:20:18.060 --> 00:20:18.070 align:start position:0% here I'm excited to announce that tells 00:20:18.070 --> 00:20:22.140 align:start position:0% here I'm excited to announce that tells us<00:20:18.250> is<00:20:18.490> the<00:20:18.690> fourth<00:20:19.919> funding<00:20:20.919> partner<00:20:21.370> to<00:20:22.030> the 00:20:22.140 --> 00:20:22.150 align:start position:0% us is the fourth funding partner to the 00:20:22.150 --> 00:20:24.360 align:start position:0% us is the fourth funding partner to the Alliance<00:20:22.620> Cosmosphere<00:20:23.620> and<00:20:23.740> Falcone<00:20:24.130> tells 00:20:24.360 --> 00:20:24.370 align:start position:0% Alliance Cosmosphere and Falcone tells 00:20:24.370 --> 00:20:25.620 align:start position:0% Alliance Cosmosphere and Falcone tells us<00:20:24.490> I<00:20:24.640> think<00:20:24.820> that's<00:20:24.970> a<00:20:25.059> great<00:20:25.179> team<00:20:25.480> of 00:20:25.620 --> 00:20:25.630 align:start position:0% us I think that's a great team of 00:20:25.630 --> 00:20:28.200 align:start position:0% us I think that's a great team of founders<00:20:26.230> and<00:20:26.409> you<00:20:27.400> know<00:20:27.520> collaboration 00:20:28.200 --> 00:20:28.210 align:start position:0% founders and you know collaboration 00:20:28.210 --> 00:20:30.390 align:start position:0% founders and you know collaboration extends<00:20:28.690> beyond<00:20:29.470> the<00:20:29.530> blockchain<00:20:29.799> space<00:20:30.190> we 00:20:30.390 --> 00:20:30.400 align:start position:0% extends beyond the blockchain space we 00:20:30.400 --> 00:20:32.399 align:start position:0% extends beyond the blockchain space we have<00:20:30.610> collaboration<00:20:31.390> at<00:20:31.570> the<00:20:31.600> tooling<00:20:32.049> level 00:20:32.399 --> 00:20:32.409 align:start position:0% have collaboration at the tooling level 00:20:32.409 --> 00:20:36.630 align:start position:0% have collaboration at the tooling level with<00:20:32.919> AWS<00:20:33.640> synopsis<00:20:34.390> Xilinx<00:20:34.990> and<00:20:35.429> also<00:20:36.429> with 00:20:36.630 --> 00:20:36.640 align:start position:0% with AWS synopsis Xilinx and also with 00:20:36.640 --> 00:20:38.580 align:start position:0% with AWS synopsis Xilinx and also with academics<00:20:37.240> because<00:20:38.080> there's<00:20:38.260> some<00:20:38.350> hard 00:20:38.580 --> 00:20:38.590 align:start position:0% academics because there's some hard 00:20:38.590 --> 00:20:40.950 align:start position:0% academics because there's some hard problems<00:20:38.890> to<00:20:38.950> be<00:20:39.100> solved<00:20:39.429> here<00:20:39.580> and<00:20:40.330> you<00:20:40.840> know 00:20:40.950 --> 00:20:40.960 align:start position:0% problems to be solved here and you know 00:20:40.960 --> 00:20:44.610 align:start position:0% problems to be solved here and you know the<00:20:41.169> space<00:20:41.679> of<00:20:42.990> collaborations<00:20:43.990> is<00:20:44.169> just<00:20:44.380> it's 00:20:44.610 --> 00:20:44.620 align:start position:0% the space of collaborations is just it's 00:20:44.620 --> 00:20:46.799 align:start position:0% the space of collaborations is just it's just<00:20:44.860> massive<00:20:45.039> and<00:20:45.970> that's<00:20:46.150> only<00:20:46.330> a<00:20:46.510> partial 00:20:46.799 --> 00:20:46.809 align:start position:0% just massive and that's only a partial 00:20:46.809 --> 00:20:49.049 align:start position:0% just massive and that's only a partial list<00:20:46.990> so<00:20:47.320> really<00:20:48.220> excited<00:20:48.669> to<00:20:48.820> be<00:20:48.940> working 00:20:49.049 --> 00:20:49.059 align:start position:0% list so really excited to be working 00:20:49.059 --> 00:20:50.549 align:start position:0% list so really excited to be working with<00:20:49.419> our<00:20:49.539> blocking<00:20:49.840> projects<00:20:50.289> this<00:20:50.440> is<00:20:50.530> a 00:20:50.549 --> 00:20:50.559 align:start position:0% with our blocking projects this is a 00:20:50.559 --> 00:20:52.500 align:start position:0% with our blocking projects this is a unique<00:20:50.919> opportunity<00:20:51.010> and<00:20:51.760> I<00:20:52.030> think<00:20:52.270> we<00:20:52.360> can 00:20:52.500 --> 00:20:52.510 align:start position:0% unique opportunity and I think we can 00:20:52.510 --> 00:20:55.200 align:start position:0% unique opportunity and I think we can only<00:20:52.720> get<00:20:53.110> to<00:20:53.350> where<00:20:53.500> we<00:20:53.590> want<00:20:53.770> to<00:20:53.860> be<00:20:54.120> you<00:20:55.120> know 00:20:55.200 --> 00:20:55.210 align:start position:0% only get to where we want to be you know 00:20:55.210 --> 00:20:57.240 align:start position:0% only get to where we want to be you know through<00:20:55.480> collaboration<00:20:56.169> the<00:20:56.409> the<00:20:56.830> division 00:20:57.240 --> 00:20:57.250 align:start position:0% through collaboration the the division 00:20:57.250 --> 00:20:59.700 align:start position:0% through collaboration the the division is<00:20:57.460> so<00:20:57.850> so<00:20:58.299> ambitious<00:20:58.600> that<00:20:59.140> we<00:20:59.230> have<00:20:59.500> to 00:20:59.700 --> 00:20:59.710 align:start position:0% is so so ambitious that we have to 00:20:59.710 --> 00:21:01.649 align:start position:0% is so so ambitious that we have to collaborate<00:20:59.980> it's<00:21:00.429> not<00:21:00.580> even<00:21:00.789> a<00:21:00.880> choice<00:21:00.909> thank 00:21:01.649 --> 00:21:01.659 align:start position:0% collaborate it's not even a choice thank 00:21:01.659 --> 00:21:09.950 align:start position:0% collaborate it's not even a choice thank you 00:21:09.950 --> 00:21:09.960 align:start position:0% 00:21:09.960 --> 00:21:12.020 align:start position:0% you