WEBVTT Kind: captions Language: en 00:00:13.329 --> 00:00:17.050 align:start position:0% my<00:00:14.329> name<00:00:14.509> is<00:00:14.690> Zack<00:00:15.019> Coburn<00:00:15.469> and<00:00:15.679> I<00:00:16.219> am<00:00:16.520> here 00:00:17.050 --> 00:00:17.060 align:start position:0% my name is Zack Coburn and I am here 00:00:17.060 --> 00:00:19.420 align:start position:0% my name is Zack Coburn and I am here representing<00:00:17.600> ether<00:00:18.260> Delta<00:00:18.620> I<00:00:18.830> want<00:00:19.160> to<00:00:19.220> start 00:00:19.420 --> 00:00:19.430 align:start position:0% representing ether Delta I want to start 00:00:19.430 --> 00:00:21.310 align:start position:0% representing ether Delta I want to start by<00:00:19.580> giving<00:00:19.700> a<00:00:19.940> little<00:00:20.030> background<00:00:20.360> about<00:00:20.720> Who 00:00:21.310 --> 00:00:21.320 align:start position:0% by giving a little background about Who 00:00:21.320 --> 00:00:24.220 align:start position:0% by giving a little background about Who I<00:00:21.380> am<00:00:21.500> I<00:00:21.950> started<00:00:22.880> my<00:00:23.180> career<00:00:23.240> as<00:00:23.870> a 00:00:24.220 --> 00:00:24.230 align:start position:0% I am I started my career as a 00:00:24.230 --> 00:00:26.350 align:start position:0% I am I started my career as a professional<00:00:24.680> options<00:00:25.430> market<00:00:25.790> maker<00:00:25.970> in 00:00:26.350 --> 00:00:26.360 align:start position:0% professional options market maker in 00:00:26.360 --> 00:00:28.740 align:start position:0% professional options market maker in Chicago<00:00:27.110> for<00:00:27.380> a<00:00:27.440> firm<00:00:27.680> called<00:00:27.920> Optive<00:00:28.340> ER<00:00:28.460> and 00:00:28.740 --> 00:00:28.750 align:start position:0% Chicago for a firm called Optive ER and 00:00:28.750 --> 00:00:33.580 align:start position:0% Chicago for a firm called Optive ER and I<00:00:29.750> quit<00:00:30.320> that<00:00:30.470> job<00:00:30.530> in<00:00:31.160> the<00:00:31.850> middle<00:00:32.059> of<00:00:32.390> 2015<00:00:32.960> to 00:00:33.580 --> 00:00:33.590 align:start position:0% I quit that job in the middle of 2015 to 00:00:33.590 --> 00:00:36.180 align:start position:0% I quit that job in the middle of 2015 to pursue<00:00:34.070> a<00:00:34.340> career<00:00:34.640> in<00:00:34.880> entrepreneurship 00:00:36.180 --> 00:00:36.190 align:start position:0% pursue a career in entrepreneurship 00:00:36.190 --> 00:00:39.160 align:start position:0% pursue a career in entrepreneurship around<00:00:37.190> the<00:00:37.460> beginning<00:00:37.730> of<00:00:37.940> 2016<00:00:38.420> I<00:00:38.690> started 00:00:39.160 --> 00:00:39.170 align:start position:0% around the beginning of 2016 I started 00:00:39.170 --> 00:00:41.920 align:start position:0% around the beginning of 2016 I started looking<00:00:39.440> at<00:00:39.590> the<00:00:39.890> theory<00:00:40.160> 'im<00:00:40.340> full-time<00:00:41.030> and 00:00:41.920 --> 00:00:41.930 align:start position:0% looking at the theory 'im full-time and 00:00:41.930 --> 00:00:43.900 align:start position:0% looking at the theory 'im full-time and that's<00:00:42.320> what<00:00:42.440> I've<00:00:42.530> been<00:00:42.560> doing<00:00:42.710> ever<00:00:43.280> since<00:00:43.430> I 00:00:43.900 --> 00:00:43.910 align:start position:0% that's what I've been doing ever since I 00:00:43.910 --> 00:00:47.350 align:start position:0% that's what I've been doing ever since I am<00:00:44.870> also<00:00:45.230> a<00:00:45.489> co-founder<00:00:46.489> of<00:00:46.520> first<00:00:47.120> blood 00:00:47.350 --> 00:00:47.360 align:start position:0% am also a co-founder of first blood 00:00:47.360 --> 00:00:49.690 align:start position:0% am also a co-founder of first blood which<00:00:47.690> is<00:00:47.720> a<00:00:47.870> decentralized<00:00:48.739> platform<00:00:49.579> that 00:00:49.690 --> 00:00:49.700 align:start position:0% which is a decentralized platform that 00:00:49.700 --> 00:00:51.520 align:start position:0% which is a decentralized platform that lets<00:00:49.820> eSports<00:00:50.630> players<00:00:50.899> challenge<00:00:51.410> each 00:00:51.520 --> 00:00:51.530 align:start position:0% lets eSports players challenge each 00:00:51.530 --> 00:00:53.770 align:start position:0% lets eSports players challenge each other<00:00:51.739> and<00:00:51.980> win<00:00:52.760> rewards<00:00:53.180> using<00:00:53.570> the 00:00:53.770 --> 00:00:53.780 align:start position:0% other and win rewards using the 00:00:53.780 --> 00:00:56.530 align:start position:0% other and win rewards using the blockchain<00:00:53.989> for<00:00:54.559> settlement<00:00:54.950> and<00:00:55.420> then<00:00:56.420> of 00:00:56.530 --> 00:00:56.540 align:start position:0% blockchain for settlement and then of 00:00:56.540 --> 00:00:58.120 align:start position:0% blockchain for settlement and then of course<00:00:56.570> ether<00:00:57.050> Delta<00:00:57.380> which<00:00:57.739> I'm<00:00:57.920> here<00:00:58.070> to 00:00:58.120 --> 00:00:58.130 align:start position:0% course ether Delta which I'm here to 00:00:58.130 --> 00:00:59.020 align:start position:0% course ether Delta which I'm here to talk<00:00:58.250> about<00:00:58.309> today 00:00:59.020 --> 00:00:59.030 align:start position:0% talk about today 00:00:59.030 --> 00:01:01.510 align:start position:0% talk about today ether<00:00:59.899> Delta<00:01:00.200> really<00:01:00.440> came<00:01:00.680> from<00:01:00.980> my 00:01:01.510 --> 00:01:01.520 align:start position:0% ether Delta really came from my 00:01:01.520 --> 00:01:04.660 align:start position:0% ether Delta really came from my realization<00:01:02.390> that<00:01:02.630> with<00:01:03.050> the<00:01:03.320> ERC<00:01:03.800> 20<00:01:04.339> token 00:01:04.660 --> 00:01:04.670 align:start position:0% realization that with the ERC 20 token 00:01:04.670 --> 00:01:07.870 align:start position:0% realization that with the ERC 20 token standard<00:01:05.119> it<00:01:05.690> was<00:01:05.840> possible<00:01:06.350> to<00:01:06.560> let<00:01:06.880> anyone 00:01:07.870 --> 00:01:07.880 align:start position:0% standard it was possible to let anyone 00:01:07.880 --> 00:01:10.270 align:start position:0% standard it was possible to let anyone trade<00:01:08.600> tokens<00:01:09.049> through<00:01:09.320> a<00:01:09.350> smart<00:01:09.650> contracts 00:01:10.270 --> 00:01:10.280 align:start position:0% trade tokens through a smart contracts 00:01:10.280 --> 00:01:11.649 align:start position:0% trade tokens through a smart contracts and<00:01:10.460> there<00:01:10.940> really<00:01:11.090> needed<00:01:11.360> to<00:01:11.390> be<00:01:11.570> an 00:01:11.649 --> 00:01:11.659 align:start position:0% and there really needed to be an 00:01:11.659 --> 00:01:13.270 align:start position:0% and there really needed to be an interface<00:01:12.080> to<00:01:12.290> let<00:01:12.440> people<00:01:12.590> do<00:01:12.890> that<00:01:13.070> as 00:01:13.270 --> 00:01:13.280 align:start position:0% interface to let people do that as 00:01:13.280 --> 00:01:15.789 align:start position:0% interface to let people do that as easily<00:01:13.460> as<00:01:14.000> possible 00:01:15.789 --> 00:01:15.799 align:start position:0% easily as possible 00:01:15.799 --> 00:01:20.020 align:start position:0% easily as possible so<00:01:16.190> ether<00:01:17.119> Delta<00:01:17.510> launched<00:01:18.260> in<00:01:18.500> July<00:01:19.190> of<00:01:19.490> 2016 00:01:20.020 --> 00:01:20.030 align:start position:0% so ether Delta launched in July of 2016 00:01:20.030 --> 00:01:23.890 align:start position:0% so ether Delta launched in July of 2016 and<00:01:20.740> that<00:01:21.740> was<00:01:21.920> shortly<00:01:22.790> after<00:01:22.820> the<00:01:23.360> Dow 00:01:23.890 --> 00:01:23.900 align:start position:0% and that was shortly after the Dow 00:01:23.900 --> 00:01:27.910 align:start position:0% and that was shortly after the Dow fiasco<00:01:24.890> and<00:01:25.159> it<00:01:25.700> was<00:01:25.820> also<00:01:26.000> months<00:01:26.990> before<00:01:27.380> the 00:01:27.910 --> 00:01:27.920 align:start position:0% fiasco and it was also months before the 00:01:27.920 --> 00:01:31.240 align:start position:0% fiasco and it was also months before the ICO<00:01:28.310> craze<00:01:28.700> even<00:01:29.360> really<00:01:29.600> started<00:01:30.130> when<00:01:31.130> it 00:01:31.240 --> 00:01:31.250 align:start position:0% ICO craze even really started when it 00:01:31.250 --> 00:01:32.590 align:start position:0% ICO craze even really started when it first<00:01:31.400> launched<00:01:31.850> there<00:01:31.970> were<00:01:32.060> really<00:01:32.210> only<00:01:32.330> a 00:01:32.590 --> 00:01:32.600 align:start position:0% first launched there were really only a 00:01:32.600 --> 00:01:34.780 align:start position:0% first launched there were really only a couple<00:01:32.960> of<00:01:33.049> tokens<00:01:33.439> you<00:01:33.560> could<00:01:33.740> trade<00:01:33.979> I<00:01:34.220> think 00:01:34.780 --> 00:01:34.790 align:start position:0% couple of tokens you could trade I think 00:01:34.790 --> 00:01:38.590 align:start position:0% couple of tokens you could trade I think it<00:01:34.909> was<00:01:35.060> maker<00:01:35.450> and<00:01:35.869> digits<00:01:37.090> and<00:01:38.090> so<00:01:38.420> it's 00:01:38.590 --> 00:01:38.600 align:start position:0% it was maker and digits and so it's 00:01:38.600 --> 00:01:41.289 align:start position:0% it was maker and digits and so it's really<00:01:38.750> come<00:01:38.990> a<00:01:39.020> long<00:01:39.110> way<00:01:39.439> since<00:01:39.830> then<00:01:40.150> it<00:01:41.150> is 00:01:41.289 --> 00:01:41.299 align:start position:0% really come a long way since then it is 00:01:41.299 --> 00:01:44.440 align:start position:0% really come a long way since then it is a<00:01:41.330> decentralized<00:01:41.930> trading<00:01:42.650> platform<00:01:43.450> and 00:01:44.440 --> 00:01:44.450 align:start position:0% a decentralized trading platform and 00:01:44.450 --> 00:01:46.480 align:start position:0% a decentralized trading platform and what<00:01:44.930> that<00:01:45.080> means<00:01:45.229> is<00:01:45.470> that<00:01:45.500> you<00:01:46.070> don't<00:01:46.280> have 00:01:46.480 --> 00:01:46.490 align:start position:0% what that means is that you don't have 00:01:46.490 --> 00:01:49.240 align:start position:0% what that means is that you don't have to<00:01:46.640> trust<00:01:47.119> a<00:01:47.450> central<00:01:48.140> party<00:01:48.470> to<00:01:48.680> hold<00:01:49.040> your 00:01:49.240 --> 00:01:49.250 align:start position:0% to trust a central party to hold your 00:01:49.250 --> 00:01:51.310 align:start position:0% to trust a central party to hold your funds<00:01:49.490> because<00:01:49.939> they<00:01:50.150> are<00:01:50.240> held<00:01:50.479> in<00:01:50.750> a<00:01:50.900> smart 00:01:51.310 --> 00:01:51.320 align:start position:0% funds because they are held in a smart 00:01:51.320 --> 00:01:55.420 align:start position:0% funds because they are held in a smart contract<00:01:52.299> and<00:01:53.299> it<00:01:53.420> is<00:01:53.570> as<00:01:53.930> of<00:01:54.170> today<00:01:54.470> the<00:01:54.770> most 00:01:55.420 --> 00:01:55.430 align:start position:0% contract and it is as of today the most 00:01:55.430 --> 00:01:58.030 align:start position:0% contract and it is as of today the most used<00:01:55.790> app<00:01:56.090> on<00:01:56.330> aetherium<00:01:56.869> by<00:01:57.290> a<00:01:57.320> variety<00:01:57.710> of 00:01:58.030 --> 00:01:58.040 align:start position:0% used app on aetherium by a variety of 00:01:58.040 --> 00:02:00.130 align:start position:0% used app on aetherium by a variety of measures<00:01:58.310> that<00:01:58.490> I'll<00:01:58.790> get<00:01:59.450> into<00:01:59.630> later<00:01:59.930> in<00:02:00.020> the 00:02:00.130 --> 00:02:00.140 align:start position:0% measures that I'll get into later in the 00:02:00.140 --> 00:02:03.130 align:start position:0% measures that I'll get into later in the presentation<00:02:01.299> here's<00:02:02.299> a<00:02:02.390> screenshot<00:02:02.659> of<00:02:02.990> what 00:02:03.130 --> 00:02:03.140 align:start position:0% presentation here's a screenshot of what 00:02:03.140 --> 00:02:06.069 align:start position:0% presentation here's a screenshot of what easier<00:02:03.350> Delta<00:02:03.680> looks<00:02:04.250> like<00:02:04.460> today<00:02:04.930> you<00:02:05.930> can 00:02:06.069 --> 00:02:06.079 align:start position:0% easier Delta looks like today you can 00:02:06.079 --> 00:02:08.020 align:start position:0% easier Delta looks like today you can see<00:02:06.290> there<00:02:06.500> is<00:02:06.619> basically<00:02:07.250> a<00:02:07.280> list<00:02:07.670> of<00:02:07.850> tokens 00:02:08.020 --> 00:02:08.030 align:start position:0% see there is basically a list of tokens 00:02:08.030 --> 00:02:08.979 align:start position:0% see there is basically a list of tokens you<00:02:08.329> can<00:02:08.479> trade 00:02:08.979 --> 00:02:08.989 align:start position:0% you can trade 00:02:08.989 --> 00:02:11.140 align:start position:0% you can trade there<00:02:09.800> is<00:02:09.979> an<00:02:10.130> order<00:02:10.280> book<00:02:10.520> depending<00:02:11.060> on 00:02:11.140 --> 00:02:11.150 align:start position:0% there is an order book depending on 00:02:11.150 --> 00:02:13.000 align:start position:0% there is an order book depending on which<00:02:11.270> token<00:02:11.660> you're<00:02:11.780> looking<00:02:12.050> at<00:02:12.200> there's 00:02:13.000 --> 00:02:13.010 align:start position:0% which token you're looking at there's 00:02:13.010 --> 00:02:14.390 align:start position:0% which token you're looking at there's some<00:02:13.220> basic<00:02:13.610> charting<00:02:14.000> function 00:02:14.390 --> 00:02:14.400 align:start position:0% some basic charting function 00:02:14.400 --> 00:02:19.850 align:start position:0% some basic charting function and<00:02:14.970> there's<00:02:15.420> this<00:02:15.629> list<00:02:15.959> of<00:02:16.140> trades<00:02:18.830> so<00:02:19.830> a 00:02:19.850 --> 00:02:19.860 align:start position:0% and there's this list of trades so a 00:02:19.860 --> 00:02:21.259 align:start position:0% and there's this list of trades so a question<00:02:20.430> that's<00:02:20.549> often<00:02:20.730> asked<00:02:21.150> is<00:02:21.239> what 00:02:21.259 --> 00:02:21.269 align:start position:0% question that's often asked is what 00:02:21.269 --> 00:02:23.089 align:start position:0% question that's often asked is what exactly<00:02:21.959> about<00:02:22.140> ether<00:02:22.560> Delta<00:02:22.920> is 00:02:23.089 --> 00:02:23.099 align:start position:0% exactly about ether Delta is 00:02:23.099 --> 00:02:26.509 align:start position:0% exactly about ether Delta is decentralized<00:02:24.030> and<00:02:24.799> what<00:02:25.799> it<00:02:25.890> really<00:02:25.980> is<00:02:26.129> is 00:02:26.509 --> 00:02:26.519 align:start position:0% decentralized and what it really is is 00:02:26.519 --> 00:02:29.149 align:start position:0% decentralized and what it really is is that<00:02:27.120> when<00:02:27.299> you<00:02:27.510> go<00:02:27.870> to<00:02:27.930> deposit<00:02:28.530> you<00:02:29.040> are 00:02:29.149 --> 00:02:29.159 align:start position:0% that when you go to deposit you are 00:02:29.159 --> 00:02:31.220 align:start position:0% that when you go to deposit you are sending<00:02:29.549> funds<00:02:29.790> to<00:02:30.060> a<00:02:30.090> smart<00:02:30.480> contract<00:02:30.659> and 00:02:31.220 --> 00:02:31.230 align:start position:0% sending funds to a smart contract and 00:02:31.230 --> 00:02:33.770 align:start position:0% sending funds to a smart contract and they<00:02:32.069> are<00:02:32.190> held<00:02:32.489> in<00:02:32.730> a<00:02:32.849> smart<00:02:33.180> contract<00:02:33.629> in 00:02:33.770 --> 00:02:33.780 align:start position:0% they are held in a smart contract in 00:02:33.780 --> 00:02:35.720 align:start position:0% they are held in a smart contract in such<00:02:33.959> a<00:02:33.989> way<00:02:34.230> that<00:02:34.440> you<00:02:34.680> and<00:02:34.950> only<00:02:35.099> you<00:02:35.430> can 00:02:35.720 --> 00:02:35.730 align:start position:0% such a way that you and only you can 00:02:35.730 --> 00:02:37.220 align:start position:0% such a way that you and only you can withdraw<00:02:36.090> them<00:02:36.329> so<00:02:36.599> you<00:02:36.690> can<00:02:36.840> think<00:02:36.989> of<00:02:37.110> it 00:02:37.220 --> 00:02:37.230 align:start position:0% withdraw them so you can think of it 00:02:37.230 --> 00:02:39.380 align:start position:0% withdraw them so you can think of it almost<00:02:37.290> as<00:02:37.620> a<00:02:37.680> multi-sig<00:02:38.610> but<00:02:38.909> it's<00:02:39.060> really<00:02:39.239> a 00:02:39.380 --> 00:02:39.390 align:start position:0% almost as a multi-sig but it's really a 00:02:39.390 --> 00:02:41.899 align:start position:0% almost as a multi-sig but it's really a single<00:02:39.900> sig<00:02:40.079> that<00:02:40.349> only<00:02:40.950> you<00:02:41.220> can<00:02:41.400> use<00:02:41.610> with 00:02:41.899 --> 00:02:41.909 align:start position:0% single sig that only you can use with 00:02:41.909 --> 00:02:43.550 align:start position:0% single sig that only you can use with some<00:02:42.030> additional<00:02:42.540> trading<00:02:42.930> functionality 00:02:43.550 --> 00:02:43.560 align:start position:0% some additional trading functionality 00:02:43.560 --> 00:02:46.369 align:start position:0% some additional trading functionality built<00:02:44.159> into<00:02:44.430> that<00:02:44.670> smart<00:02:44.940> contract<00:02:45.390> so<00:02:46.319> that 00:02:46.369 --> 00:02:46.379 align:start position:0% built into that smart contract so that 00:02:46.379 --> 00:02:48.050 align:start position:0% built into that smart contract so that additional<00:02:46.620> trading<00:02:47.190> functionality<00:02:47.819> is<00:02:47.910> what 00:02:48.050 --> 00:02:48.060 align:start position:0% additional trading functionality is what 00:02:48.060 --> 00:02:49.940 align:start position:0% additional trading functionality is what enables<00:02:48.420> trade<00:02:48.690> settlement<00:02:49.140> anytime<00:02:49.769> that 00:02:49.940 --> 00:02:49.950 align:start position:0% enables trade settlement anytime that 00:02:49.950 --> 00:02:52.640 align:start position:0% enables trade settlement anytime that you<00:02:50.450> do<00:02:51.450> a<00:02:51.480> trade<00:02:51.780> on<00:02:51.900> ether<00:02:52.140> delt<00:02:52.349> that<00:02:52.530> you're 00:02:52.640 --> 00:02:52.650 align:start position:0% you do a trade on ether delt that you're 00:02:52.650 --> 00:02:54.110 align:start position:0% you do a trade on ether delt that you're sending<00:02:52.859> a<00:02:53.010> transaction<00:02:53.609> to<00:02:53.640> the<00:02:53.879> smart 00:02:54.110 --> 00:02:54.120 align:start position:0% sending a transaction to the smart 00:02:54.120 --> 00:02:56.330 align:start position:0% sending a transaction to the smart contract<00:02:54.329> and<00:02:54.900> the<00:02:55.109> smart<00:02:55.349> contract<00:02:55.530> decides 00:02:56.330 --> 00:02:56.340 align:start position:0% contract and the smart contract decides 00:02:56.340 --> 00:02:59.149 align:start position:0% contract and the smart contract decides is<00:02:56.700> this<00:02:57.209> trade<00:02:57.450> valid<00:02:57.900> and<00:02:58.109> if<00:02:58.560> it<00:02:58.680> is<00:02:58.829> it<00:02:59.040> will 00:02:59.149 --> 00:02:59.159 align:start position:0% is this trade valid and if it is it will 00:02:59.159 --> 00:03:01.699 align:start position:0% is this trade valid and if it is it will actually<00:02:59.310> move<00:02:59.790> funds<00:03:00.060> from<00:03:00.420> you<00:03:01.140> to<00:03:01.530> your 00:03:01.699 --> 00:03:01.709 align:start position:0% actually move funds from you to your 00:03:01.709 --> 00:03:06.530 align:start position:0% actually move funds from you to your counterparty<00:03:02.340> and<00:03:02.489> vice<00:03:02.790> versa<00:03:04.340> so<00:03:05.340> the<00:03:06.120> the 00:03:06.530 --> 00:03:06.540 align:start position:0% counterparty and vice versa so the the 00:03:06.540 --> 00:03:08.089 align:start position:0% counterparty and vice versa so the the functions<00:03:06.989> that<00:03:07.079> I<00:03:07.230> kind<00:03:07.650> of<00:03:07.709> once<00:03:07.920> there 00:03:08.089 --> 00:03:08.099 align:start position:0% functions that I kind of once there 00:03:08.099 --> 00:03:10.220 align:start position:0% functions that I kind of once there already<00:03:08.340> you<00:03:08.670> can<00:03:08.970> deposit<00:03:09.629> you<00:03:09.870> can<00:03:10.019> withdraw 00:03:10.220 --> 00:03:10.230 align:start position:0% already you can deposit you can withdraw 00:03:10.230 --> 00:03:13.599 align:start position:0% already you can deposit you can withdraw and<00:03:10.709> that<00:03:10.890> includes<00:03:11.250> ether<00:03:11.700> or<00:03:11.730> ERC<00:03:12.599> 20<00:03:12.870> tokens 00:03:13.599 --> 00:03:13.609 align:start position:0% and that includes ether or ERC 20 tokens 00:03:13.609 --> 00:03:16.339 align:start position:0% and that includes ether or ERC 20 tokens those<00:03:14.609> are<00:03:14.760> two<00:03:14.909> separate<00:03:15.269> functions<00:03:15.720> meaning 00:03:16.339 --> 00:03:16.349 align:start position:0% those are two separate functions meaning 00:03:16.349 --> 00:03:18.020 align:start position:0% those are two separate functions meaning that<00:03:16.530> when<00:03:17.069> you<00:03:17.159> deposit<00:03:17.430> of<00:03:17.670> course<00:03:17.849> that's 00:03:18.020 --> 00:03:18.030 align:start position:0% that when you deposit of course that's 00:03:18.030 --> 00:03:19.490 align:start position:0% that when you deposit of course that's different<00:03:18.299> than<00:03:18.450> it<00:03:18.540> would<00:03:18.630> draw<00:03:18.840> but<00:03:19.109> also<00:03:19.260> if 00:03:19.490 --> 00:03:19.500 align:start position:0% different than it would draw but also if 00:03:19.500 --> 00:03:21.229 align:start position:0% different than it would draw but also if you<00:03:19.530> deposit<00:03:19.889> ether<00:03:20.430> that's<00:03:20.669> different<00:03:21.030> than 00:03:21.229 --> 00:03:21.239 align:start position:0% you deposit ether that's different than 00:03:21.239 --> 00:03:23.539 align:start position:0% you deposit ether that's different than depositing<00:03:21.930> a<00:03:21.989> token<00:03:22.349> what<00:03:23.280> the<00:03:23.370> user 00:03:23.539 --> 00:03:23.549 align:start position:0% depositing a token what the user 00:03:23.549 --> 00:03:25.720 align:start position:0% depositing a token what the user interface<00:03:24.060> handles<00:03:24.510> all<00:03:24.630> of<00:03:24.750> this<00:03:24.900> for<00:03:25.410> you 00:03:25.720 --> 00:03:25.730 align:start position:0% interface handles all of this for you 00:03:25.730 --> 00:03:28.009 align:start position:0% interface handles all of this for you then<00:03:26.730> of<00:03:26.849> course<00:03:27.060> there's<00:03:27.269> a<00:03:27.329> trade<00:03:27.599> function 00:03:28.009 --> 00:03:28.019 align:start position:0% then of course there's a trade function 00:03:28.019 --> 00:03:29.449 align:start position:0% then of course there's a trade function which<00:03:28.260> is<00:03:28.410> the<00:03:28.590> core<00:03:28.889> piece<00:03:29.099> of<00:03:29.130> functionality 00:03:29.449 --> 00:03:29.459 align:start position:0% which is the core piece of functionality 00:03:29.459 --> 00:03:32.780 align:start position:0% which is the core piece of functionality and<00:03:30.410> order<00:03:31.410> cancellation<00:03:32.099> is<00:03:32.250> also<00:03:32.519> something 00:03:32.780 --> 00:03:32.790 align:start position:0% and order cancellation is also something 00:03:32.790 --> 00:03:35.479 align:start position:0% and order cancellation is also something that<00:03:32.970> goes<00:03:33.209> through<00:03:33.510> the<00:03:33.629> smart<00:03:33.870> contract<00:03:34.489> so 00:03:35.479 --> 00:03:35.489 align:start position:0% that goes through the smart contract so 00:03:35.489 --> 00:03:37.879 align:start position:0% that goes through the smart contract so if<00:03:36.299> you<00:03:36.480> notice<00:03:36.810> there's<00:03:37.139> something<00:03:37.349> missing 00:03:37.879 --> 00:03:37.889 align:start position:0% if you notice there's something missing 00:03:37.889 --> 00:03:39.229 align:start position:0% if you notice there's something missing here<00:03:38.190> which<00:03:38.340> is<00:03:38.489> where<00:03:38.669> is<00:03:38.790> the<00:03:38.879> order<00:03:39.090> book 00:03:39.229 --> 00:03:39.239 align:start position:0% here which is where is the order book 00:03:39.239 --> 00:03:41.449 align:start position:0% here which is where is the order book and<00:03:39.510> the<00:03:39.989> order<00:03:40.200> book<00:03:40.319> is<00:03:40.500> actually<00:03:40.980> an<00:03:41.160> off 00:03:41.449 --> 00:03:41.459 align:start position:0% and the order book is actually an off 00:03:41.459 --> 00:03:44.390 align:start position:0% and the order book is actually an off chain<00:03:41.819> construct<00:03:42.690> and<00:03:42.930> so<00:03:43.500> whenever<00:03:43.949> you<00:03:44.250> go 00:03:44.390 --> 00:03:44.400 align:start position:0% chain construct and so whenever you go 00:03:44.400 --> 00:03:47.210 align:start position:0% chain construct and so whenever you go to<00:03:44.459> do<00:03:45.449> a<00:03:45.480> trade<00:03:45.780> on<00:03:45.900> ether<00:03:46.169> Delta<00:03:46.530> you<00:03:47.040> are 00:03:47.210 --> 00:03:47.220 align:start position:0% to do a trade on ether Delta you are 00:03:47.220 --> 00:03:49.430 align:start position:0% to do a trade on ether Delta you are taking<00:03:47.849> the<00:03:48.359> volume<00:03:48.690> that<00:03:48.720> you<00:03:48.900> want<00:03:49.079> to<00:03:49.199> trade 00:03:49.430 --> 00:03:49.440 align:start position:0% taking the volume that you want to trade 00:03:49.440 --> 00:03:52.640 align:start position:0% taking the volume that you want to trade the<00:03:49.709> price<00:03:49.949> you<00:03:50.160> want<00:03:50.250> to<00:03:50.400> trade<00:03:50.959> and<00:03:51.959> also<00:03:52.349> an 00:03:52.640 --> 00:03:52.650 align:start position:0% the price you want to trade and also an 00:03:52.650 --> 00:03:55.009 align:start position:0% the price you want to trade and also an expert<00:03:53.160> block<00:03:53.519> number<00:03:53.910> you<00:03:54.269> package<00:03:54.690> all<00:03:54.840> that 00:03:55.009 --> 00:03:55.019 align:start position:0% expert block number you package all that 00:03:55.019 --> 00:03:58.819 align:start position:0% expert block number you package all that stuff<00:03:55.260> together<00:03:55.440> hash<00:03:56.340> it<00:03:56.579> and<00:03:56.760> sign<00:03:57.209> it<00:03:57.829> and 00:03:58.819 --> 00:03:58.829 align:start position:0% stuff together hash it and sign it and 00:03:58.829 --> 00:04:00.770 align:start position:0% stuff together hash it and sign it and so<00:03:59.400> what<00:03:59.549> happens<00:03:59.879> is<00:04:00.030> when<00:04:00.209> somebody<00:04:00.599> else 00:04:00.770 --> 00:04:00.780 align:start position:0% so what happens is when somebody else 00:04:00.780 --> 00:04:02.479 align:start position:0% so what happens is when somebody else sees<00:04:01.109> your<00:04:01.349> order<00:04:01.650> in<00:04:01.739> the<00:04:01.829> order<00:04:01.859> book<00:04:02.250> and 00:04:02.479 --> 00:04:02.489 align:start position:0% sees your order in the order book and 00:04:02.489 --> 00:04:04.819 align:start position:0% sees your order in the order book and they<00:04:02.760> want<00:04:02.940> to<00:04:03.150> trade<00:04:03.780> with<00:04:03.930> it<00:04:04.079> they<00:04:04.680> will 00:04:04.819 --> 00:04:04.829 align:start position:0% they want to trade with it they will 00:04:04.829 --> 00:04:07.129 align:start position:0% they want to trade with it they will submit<00:04:05.010> that<00:04:05.340> order<00:04:06.000> to<00:04:06.329> the<00:04:06.449> smart<00:04:06.690> contract 00:04:07.129 --> 00:04:07.139 align:start position:0% submit that order to the smart contract 00:04:07.139 --> 00:04:10.099 align:start position:0% submit that order to the smart contract the<00:04:07.560> smart<00:04:07.829> contract<00:04:08.220> will<00:04:08.400> check<00:04:08.870> does<00:04:09.870> the 00:04:10.099 --> 00:04:10.109 align:start position:0% the smart contract will check does the 00:04:10.109 --> 00:04:12.259 align:start position:0% the smart contract will check does the signature<00:04:10.620> actually<00:04:11.040> match<00:04:11.220> the<00:04:11.489> order<00:04:11.669> that 00:04:12.259 --> 00:04:12.269 align:start position:0% signature actually match the order that 00:04:12.269 --> 00:04:15.860 align:start position:0% signature actually match the order that was<00:04:12.530> created<00:04:13.530> and<00:04:13.799> also<00:04:14.790> does<00:04:15.599> the 00:04:15.860 --> 00:04:15.870 align:start position:0% was created and also does the 00:04:15.870 --> 00:04:18.199 align:start position:0% was created and also does the counterparty<00:04:16.590> and<00:04:16.739> do<00:04:17.250> you<00:04:17.430> have<00:04:17.820> the<00:04:18.030> funds 00:04:18.199 --> 00:04:18.209 align:start position:0% counterparty and do you have the funds 00:04:18.209 --> 00:04:19.729 align:start position:0% counterparty and do you have the funds available<00:04:18.690> to<00:04:18.750> actually<00:04:19.199> complete<00:04:19.590> this 00:04:19.729 --> 00:04:19.739 align:start position:0% available to actually complete this 00:04:19.739 --> 00:04:21.979 align:start position:0% available to actually complete this trade<00:04:20.010> if<00:04:20.699> all<00:04:20.940> those<00:04:21.090> things<00:04:21.150> are<00:04:21.510> true<00:04:21.750> and 00:04:21.979 --> 00:04:21.989 align:start position:0% trade if all those things are true and 00:04:21.989 --> 00:04:24.529 align:start position:0% trade if all those things are true and the<00:04:22.229> order<00:04:22.440> hasn't<00:04:22.620> expired<00:04:23.010> yet<00:04:23.270> then<00:04:24.270> the 00:04:24.529 --> 00:04:24.539 align:start position:0% the order hasn't expired yet then the 00:04:24.539 --> 00:04:26.909 align:start position:0% the order hasn't expired yet then the smart<00:04:24.780> contract<00:04:24.960> will<00:04:25.469> do<00:04:25.950> the<00:04:26.070> trade 00:04:26.909 --> 00:04:26.919 align:start position:0% smart contract will do the trade 00:04:26.919 --> 00:04:29.219 align:start position:0% smart contract will do the trade the<00:04:27.400> the<00:04:27.909> expiration<00:04:28.300> is<00:04:28.569> of<00:04:28.659> course<00:04:28.870> a<00:04:29.020> block 00:04:29.219 --> 00:04:29.229 align:start position:0% the the expiration is of course a block 00:04:29.229 --> 00:04:31.439 align:start position:0% the the expiration is of course a block number<00:04:29.620> so<00:04:29.860> you<00:04:30.280> can<00:04:30.490> if<00:04:30.849> you'd<00:04:31.030> like<00:04:31.180> to<00:04:31.330> have 00:04:31.439 --> 00:04:31.449 align:start position:0% number so you can if you'd like to have 00:04:31.449 --> 00:04:33.330 align:start position:0% number so you can if you'd like to have your<00:04:31.599> order<00:04:31.900> last<00:04:32.349> forever<00:04:32.590> you<00:04:32.949> can<00:04:33.099> choose<00:04:33.310> a 00:04:33.330 --> 00:04:33.340 align:start position:0% your order last forever you can choose a 00:04:33.340 --> 00:04:35.399 align:start position:0% your order last forever you can choose a block<00:04:33.580> number<00:04:33.969> hundreds<00:04:34.749> of<00:04:34.810> years<00:04:34.930> into<00:04:35.319> the 00:04:35.399 --> 00:04:35.409 align:start position:0% block number hundreds of years into the 00:04:35.409 --> 00:04:37.619 align:start position:0% block number hundreds of years into the future<00:04:35.439> or<00:04:36.009> you<00:04:36.340> can<00:04:36.520> do<00:04:36.879> a<00:04:36.909> block<00:04:37.180> number<00:04:37.509> that 00:04:37.619 --> 00:04:37.629 align:start position:0% future or you can do a block number that 00:04:37.629 --> 00:04:39.059 align:start position:0% future or you can do a block number that expires<00:04:37.990> tomorrow<00:04:38.259> if<00:04:38.650> you<00:04:38.770> want<00:04:38.949> the 00:04:39.059 --> 00:04:39.069 align:start position:0% expires tomorrow if you want the 00:04:39.069 --> 00:04:41.659 align:start position:0% expires tomorrow if you want the equivalent<00:04:39.580> of<00:04:39.759> like<00:04:39.969> a<00:04:40.029> good<00:04:40.300> four<00:04:40.509> day<00:04:40.629> order 00:04:41.659 --> 00:04:41.669 align:start position:0% equivalent of like a good four day order 00:04:41.669 --> 00:04:44.700 align:start position:0% equivalent of like a good four day order this<00:04:42.669> off<00:04:42.999> chain<00:04:43.330> order<00:04:43.629> book<00:04:43.840> technology<00:04:44.529> was 00:04:44.700 --> 00:04:44.710 align:start position:0% this off chain order book technology was 00:04:44.710 --> 00:04:47.820 align:start position:0% this off chain order book technology was pioneered<00:04:45.279> by<00:04:45.370> ether<00:04:45.999> ops<00:04:46.210> which<00:04:46.960> was<00:04:47.199> sort<00:04:47.740> of 00:04:47.820 --> 00:04:47.830 align:start position:0% pioneered by ether ops which was sort of 00:04:47.830 --> 00:04:49.619 align:start position:0% pioneered by ether ops which was sort of a<00:04:47.919> precursor<00:04:48.279> to<00:04:48.520> ether<00:04:48.849> Delta<00:04:49.180> that<00:04:49.360> I<00:04:49.389> worked 00:04:49.619 --> 00:04:49.629 align:start position:0% a precursor to ether Delta that I worked 00:04:49.629 --> 00:04:53.339 align:start position:0% a precursor to ether Delta that I worked on<00:04:49.810> in<00:04:50.080> the<00:04:50.889> beginning<00:04:51.219> of<00:04:51.400> 2016<00:04:52.110> where<00:04:53.110> it<00:04:53.229> was 00:04:53.339 --> 00:04:53.349 align:start position:0% on in the beginning of 2016 where it was 00:04:53.349 --> 00:04:54.929 align:start position:0% on in the beginning of 2016 where it was basically<00:04:53.740> a<00:04:53.860> platform<00:04:54.129> where<00:04:54.580> you<00:04:54.699> could 00:04:54.929 --> 00:04:54.939 align:start position:0% basically a platform where you could 00:04:54.939 --> 00:04:57.959 align:start position:0% basically a platform where you could trade<00:04:55.409> options<00:04:56.409> based<00:04:56.710> on<00:04:56.889> the<00:04:57.069> ether<00:04:57.400> to<00:04:57.699> US 00:04:57.959 --> 00:04:57.969 align:start position:0% trade options based on the ether to US 00:04:57.969 --> 00:05:00.600 align:start position:0% trade options based on the ether to US dollar<00:04:58.210> price<00:04:58.539> and<00:04:58.900> it<00:04:59.590> had<00:04:59.710> a<00:04:59.740> similar<00:05:00.189> option 00:05:00.600 --> 00:05:00.610 align:start position:0% dollar price and it had a similar option 00:05:00.610 --> 00:05:04.709 align:start position:0% dollar price and it had a similar option order<00:05:01.029> book<00:05:02.099> technology<00:05:03.099> and<00:05:03.400> the<00:05:04.300> real<00:05:04.449> point 00:05:04.709 --> 00:05:04.719 align:start position:0% order book technology and the real point 00:05:04.719 --> 00:05:08.580 align:start position:0% order book technology and the real point here<00:05:04.779> is<00:05:04.990> that<00:05:05.020> as<00:05:05.379> a<00:05:05.819> former<00:05:06.819> trader<00:05:07.090> I<00:05:07.590> really 00:05:08.580 --> 00:05:08.590 align:start position:0% here is that as a former trader I really 00:05:08.590 --> 00:05:10.499 align:start position:0% here is that as a former trader I really believe<00:05:08.860> that<00:05:08.889> you<00:05:09.550> should<00:05:09.759> encourage<00:05:10.330> people 00:05:10.499 --> 00:05:10.509 align:start position:0% believe that you should encourage people 00:05:10.509 --> 00:05:11.490 align:start position:0% believe that you should encourage people to<00:05:10.689> add<00:05:10.930> the<00:05:11.080> quiddity 00:05:11.490 --> 00:05:11.500 align:start position:0% to add the quiddity 00:05:11.500 --> 00:05:14.600 align:start position:0% to add the quiddity and<00:05:11.710> make<00:05:11.979> it<00:05:12.129> as<00:05:12.219> cheap<00:05:12.490> as<00:05:12.639> possible<00:05:13.120> and<00:05:13.330> so 00:05:14.600 --> 00:05:14.610 align:start position:0% and make it as cheap as possible and so 00:05:14.610 --> 00:05:17.399 align:start position:0% and make it as cheap as possible and so when<00:05:15.610> you<00:05:15.789> when<00:05:16.210> you<00:05:16.330> add<00:05:16.479> a<00:05:16.509> order<00:05:17.050> to<00:05:17.110> ether 00:05:17.399 --> 00:05:17.409 align:start position:0% when you when you add a order to ether 00:05:17.409 --> 00:05:19.469 align:start position:0% when you when you add a order to ether Delta<00:05:17.770> it<00:05:18.339> is<00:05:18.460> literally<00:05:18.759> as<00:05:18.939> cheap<00:05:19.150> as<00:05:19.270> it<00:05:19.389> can 00:05:19.469 --> 00:05:19.479 align:start position:0% Delta it is literally as cheap as it can 00:05:19.479 --> 00:05:21.059 align:start position:0% Delta it is literally as cheap as it can possibly<00:05:19.629> be<00:05:19.930> there's<00:05:20.229> no<00:05:20.409> gas<00:05:20.620> fee<00:05:20.860> because 00:05:21.059 --> 00:05:21.069 align:start position:0% possibly be there's no gas fee because 00:05:21.069 --> 00:05:23.189 align:start position:0% possibly be there's no gas fee because you're<00:05:21.339> not<00:05:21.460> sending<00:05:21.879> a<00:05:21.939> real<00:05:22.089> transaction<00:05:22.509> to 00:05:23.189 --> 00:05:23.199 align:start position:0% you're not sending a real transaction to 00:05:23.199 --> 00:05:26.010 align:start position:0% you're not sending a real transaction to ethereum<00:05:23.740> and<00:05:23.979> there's<00:05:24.849> also<00:05:25.060> no<00:05:25.479> trading<00:05:25.749> fee 00:05:26.010 --> 00:05:26.020 align:start position:0% ethereum and there's also no trading fee 00:05:26.020 --> 00:05:27.989 align:start position:0% ethereum and there's also no trading fee so<00:05:26.589> it<00:05:26.710> costs<00:05:26.979> you<00:05:27.039> nothing<00:05:27.219> to<00:05:27.430> basically 00:05:27.989 --> 00:05:27.999 align:start position:0% so it costs you nothing to basically 00:05:27.999 --> 00:05:30.089 align:start position:0% so it costs you nothing to basically play<00:05:28.479> the<00:05:28.689> role<00:05:28.839> of<00:05:28.870> a<00:05:29.050> market<00:05:29.349> maker<00:05:29.529> on<00:05:29.830> ether 00:05:30.089 --> 00:05:30.099 align:start position:0% play the role of a market maker on ether 00:05:30.099 --> 00:05:33.209 align:start position:0% play the role of a market maker on ether Delta<00:05:31.139> every<00:05:32.139> other<00:05:32.229> operation<00:05:32.860> that<00:05:32.979> you<00:05:33.039> do 00:05:33.209 --> 00:05:33.219 align:start position:0% Delta every other operation that you do 00:05:33.219 --> 00:05:35.219 align:start position:0% Delta every other operation that you do does<00:05:33.580> involve<00:05:33.849> a<00:05:34.000> gas<00:05:34.180> fee<00:05:34.419> so<00:05:34.719> if<00:05:34.870> you<00:05:35.050> are 00:05:35.219 --> 00:05:35.229 align:start position:0% does involve a gas fee so if you are 00:05:35.229 --> 00:05:37.579 align:start position:0% does involve a gas fee so if you are depositing<00:05:36.219> withdrawing<00:05:36.669> doing<00:05:37.150> the<00:05:37.240> trade 00:05:37.579 --> 00:05:37.589 align:start position:0% depositing withdrawing doing the trade 00:05:37.589 --> 00:05:40.290 align:start position:0% depositing withdrawing doing the trade cancelling<00:05:38.589> in<00:05:38.680> order<00:05:38.889> all<00:05:39.759> those<00:05:40.029> things 00:05:40.290 --> 00:05:40.300 align:start position:0% cancelling in order all those things 00:05:40.300 --> 00:05:43.139 align:start position:0% cancelling in order all those things involve<00:05:40.629> a<00:05:40.870> gas<00:05:41.080> fee<00:05:41.319> and<00:05:41.589> then<00:05:42.520> finally<00:05:42.969> there 00:05:43.139 --> 00:05:43.149 align:start position:0% involve a gas fee and then finally there 00:05:43.149 --> 00:05:45.480 align:start position:0% involve a gas fee and then finally there is<00:05:43.300> a<00:05:43.629> fee<00:05:44.020> for<00:05:44.050> taking<00:05:44.649> the<00:05:44.770> quiddity<00:05:45.039> so<00:05:45.339> if 00:05:45.480 --> 00:05:45.490 align:start position:0% is a fee for taking the quiddity so if 00:05:45.490 --> 00:05:47.820 align:start position:0% is a fee for taking the quiddity so if you<00:05:45.699> if<00:05:46.149> you<00:05:46.810> see<00:05:47.169> another<00:05:47.349> order<00:05:47.680> in<00:05:47.770> the 00:05:47.820 --> 00:05:47.830 align:start position:0% you if you see another order in the 00:05:47.830 --> 00:05:49.320 align:start position:0% you if you see another order in the order<00:05:48.069> book<00:05:48.189> that<00:05:48.399> you<00:05:48.520> like<00:05:48.699> and<00:05:48.939> you<00:05:49.000> want<00:05:49.210> to 00:05:49.320 --> 00:05:49.330 align:start position:0% order book that you like and you want to 00:05:49.330 --> 00:05:51.329 align:start position:0% order book that you like and you want to trade<00:05:49.539> it<00:05:49.689> you'll<00:05:50.379> be<00:05:50.529> the<00:05:50.620> person<00:05:50.800> paying<00:05:51.189> the 00:05:51.329 --> 00:05:51.339 align:start position:0% trade it you'll be the person paying the 00:05:51.339 --> 00:05:52.860 align:start position:0% trade it you'll be the person paying the fee<00:05:51.490> for<00:05:51.699> that<00:05:51.729> and<00:05:52.060> that's<00:05:52.330> really<00:05:52.539> ether 00:05:52.860 --> 00:05:52.870 align:start position:0% fee for that and that's really ether 00:05:52.870 --> 00:05:56.610 align:start position:0% fee for that and that's really ether Delta's<00:05:53.289> business<00:05:53.860> model<00:05:55.379> here<00:05:56.379> are<00:05:56.469> some 00:05:56.610 --> 00:05:56.620 align:start position:0% Delta's business model here are some 00:05:56.620 --> 00:05:58.820 align:start position:0% Delta's business model here are some statistics<00:05:56.770> of<00:05:57.279> how<00:05:57.399> it's<00:05:57.550> done<00:05:57.789> to<00:05:58.149> date 00:05:58.820 --> 00:05:58.830 align:start position:0% statistics of how it's done to date 00:05:58.830 --> 00:06:01.589 align:start position:0% statistics of how it's done to date there<00:05:59.830> are<00:05:59.889> a<00:06:00.039> total<00:06:00.399> of<00:06:00.490> 90,000<00:06:01.180> addresses 00:06:01.589 --> 00:06:01.599 align:start position:0% there are a total of 90,000 addresses 00:06:01.599 --> 00:06:03.240 align:start position:0% there are a total of 90,000 addresses that<00:06:01.810> have<00:06:01.930> traded<00:06:02.169> with<00:06:02.710> a<00:06:02.740> smart<00:06:03.069> contract 00:06:03.240 --> 00:06:03.250 align:start position:0% that have traded with a smart contract 00:06:03.250 --> 00:06:05.879 align:start position:0% that have traded with a smart contract of<00:06:04.029> course<00:06:04.330> some<00:06:04.479> of<00:06:04.509> those<00:06:04.689> might<00:06:04.960> be<00:06:04.990> some 00:06:05.879 --> 00:06:05.889 align:start position:0% of course some of those might be some 00:06:05.889 --> 00:06:07.409 align:start position:0% of course some of those might be some people<00:06:06.039> might<00:06:06.310> have<00:06:06.430> more<00:06:06.639> than<00:06:06.669> one<00:06:06.789> address 00:06:07.409 --> 00:06:07.419 align:start position:0% people might have more than one address 00:06:07.419 --> 00:06:10.529 align:start position:0% people might have more than one address but<00:06:07.870> it's<00:06:07.990> a<00:06:08.110> pretty<00:06:08.409> good<00:06:08.500> measure<00:06:09.419> there<00:06:10.419> are 00:06:10.529 --> 00:06:10.539 align:start position:0% but it's a pretty good measure there are 00:06:10.539 --> 00:06:14.550 align:start position:0% but it's a pretty good measure there are 30,000<00:06:11.199> daily<00:06:11.469> users<00:06:11.770> using<00:06:12.219> the<00:06:12.370> site<00:06:12.750> and<00:06:13.750> it 00:06:14.550 --> 00:06:14.560 align:start position:0% 30,000 daily users using the site and it 00:06:14.560 --> 00:06:16.920 align:start position:0% 30,000 daily users using the site and it has<00:06:14.680> processed<00:06:15.159> a<00:06:15.310> total<00:06:15.639> of<00:06:15.729> 3.4<00:06:16.449> million 00:06:16.920 --> 00:06:16.930 align:start position:0% has processed a total of 3.4 million 00:06:16.930 --> 00:06:21.029 align:start position:0% has processed a total of 3.4 million transactions<00:06:17.710> in<00:06:18.250> the<00:06:18.490> smart<00:06:18.699> contract<00:06:20.039> this 00:06:21.029 --> 00:06:21.039 align:start position:0% transactions in the smart contract this 00:06:21.039 --> 00:06:23.700 align:start position:0% transactions in the smart contract this is<00:06:21.099> a<00:06:21.250> view<00:06:21.520> from<00:06:21.550> the<00:06:21.879> site<00:06:22.240> if<00:06:22.810> gas<00:06:23.229> station 00:06:23.700 --> 00:06:23.710 align:start position:0% is a view from the site if gas station 00:06:23.710 --> 00:06:26.279 align:start position:0% is a view from the site if gas station info<00:06:24.310> and<00:06:24.580> it<00:06:25.060> basically<00:06:25.180> lists<00:06:25.839> all<00:06:26.020> of<00:06:26.050> the 00:06:26.279 --> 00:06:26.289 align:start position:0% info and it basically lists all of the 00:06:26.289 --> 00:06:29.339 align:start position:0% info and it basically lists all of the smart<00:06:26.710> contracts<00:06:27.399> and<00:06:27.580> ranks<00:06:28.479> them<00:06:28.509> by<00:06:28.899> how 00:06:29.339 --> 00:06:29.349 align:start position:0% smart contracts and ranks them by how 00:06:29.349 --> 00:06:32.040 align:start position:0% smart contracts and ranks them by how much<00:06:29.500> gas<00:06:29.860> is<00:06:30.159> being<00:06:30.430> spent<00:06:30.789> on<00:06:31.060> transactions 00:06:32.040 --> 00:06:32.050 align:start position:0% much gas is being spent on transactions 00:06:32.050 --> 00:06:33.929 align:start position:0% much gas is being spent on transactions going<00:06:32.409> through<00:06:32.770> that<00:06:33.129> particular<00:06:33.339> smart 00:06:33.929 --> 00:06:33.939 align:start position:0% going through that particular smart 00:06:33.939 --> 00:06:37.829 align:start position:0% going through that particular smart contract<00:06:34.389> so<00:06:35.019> ether<00:06:35.259> Delta's<00:06:35.620> typically<00:06:36.839> its 00:06:37.829 --> 00:06:37.839 align:start position:0% contract so ether Delta's typically its 00:06:37.839 --> 00:06:40.560 align:start position:0% contract so ether Delta's typically its most<00:06:38.110> commonly<00:06:38.529> in<00:06:38.709> the<00:06:39.009> first<00:06:39.310> place<00:06:39.729> and<00:06:40.060> the 00:06:40.560 --> 00:06:40.570 align:start position:0% most commonly in the first place and the 00:06:40.570 --> 00:06:41.850 align:start position:0% most commonly in the first place and the percentage<00:06:41.020> of<00:06:41.140> gas<00:06:41.290> that's<00:06:41.590> going<00:06:41.830> through 00:06:41.850 --> 00:06:41.860 align:start position:0% percentage of gas that's going through 00:06:41.860 --> 00:06:44.160 align:start position:0% percentage of gas that's going through our<00:06:42.190> Delta<00:06:42.490> tends<00:06:42.790> to<00:06:42.940> vary<00:06:43.120> between<00:06:43.390> 10<00:06:44.110> and 00:06:44.160 --> 00:06:44.170 align:start position:0% our Delta tends to vary between 10 and 00:06:44.170 --> 00:06:50.160 align:start position:0% our Delta tends to vary between 10 and 30%<00:06:44.970> depending<00:06:45.970> on<00:06:46.060> the<00:06:46.180> day<00:06:48.630> this<00:06:49.630> next<00:06:49.960> chart 00:06:50.160 --> 00:06:50.170 align:start position:0% 30% depending on the day this next chart 00:06:50.170 --> 00:06:53.430 align:start position:0% 30% depending on the day this next chart is<00:06:50.440> a<00:06:50.920> list<00:06:51.730> of<00:06:51.970> all<00:06:52.360> the<00:06:52.570> smart<00:06:52.840> contracts 00:06:53.430 --> 00:06:53.440 align:start position:0% is a list of all the smart contracts 00:06:53.440 --> 00:06:55.950 align:start position:0% is a list of all the smart contracts this<00:06:53.560> is<00:06:53.740> from<00:06:53.980> ether<00:06:54.280> scan<00:06:54.550> and<00:06:55.030> it's<00:06:55.540> sorted 00:06:55.950 --> 00:06:55.960 align:start position:0% this is from ether scan and it's sorted 00:06:55.960 --> 00:06:58.110 align:start position:0% this is from ether scan and it's sorted by<00:06:56.170> number<00:06:56.830> of<00:06:56.980> transactions<00:06:57.670> that<00:06:57.850> have<00:06:57.970> gone 00:06:58.110 --> 00:06:58.120 align:start position:0% by number of transactions that have gone 00:06:58.120 --> 00:06:59.640 align:start position:0% by number of transactions that have gone through<00:06:58.360> the<00:06:58.510> smart<00:06:58.810> contract<00:06:58.990> since<00:06:59.560> the 00:06:59.640 --> 00:06:59.650 align:start position:0% through the smart contract since the 00:06:59.650 --> 00:07:01.860 align:start position:0% through the smart contract since the beginning<00:06:59.920> of<00:07:00.070> time<00:07:00.310> and<00:07:00.640> so<00:07:01.060> ether<00:07:01.330> Delta<00:07:01.660> is 00:07:01.860 --> 00:07:01.870 align:start position:0% beginning of time and so ether Delta is 00:07:01.870 --> 00:07:04.740 align:start position:0% beginning of time and so ether Delta is in<00:07:02.230> first<00:07:02.590> place<00:07:02.770> with<00:07:03.540> 3.4<00:07:04.540> million 00:07:04.740 --> 00:07:04.750 align:start position:0% in first place with 3.4 million 00:07:04.750 --> 00:07:07.620 align:start position:0% in first place with 3.4 million transactions<00:07:05.470> you<00:07:06.430> can<00:07:06.490> see<00:07:06.760> a<00:07:06.790> number<00:07:07.510> of 00:07:07.620 --> 00:07:07.630 align:start position:0% transactions you can see a number of 00:07:07.630 --> 00:07:10.260 align:start position:0% transactions you can see a number of other<00:07:07.780> names<00:07:08.290> from<00:07:08.740> Polonia<00:07:09.400> exhbit<00:07:09.700> rex<00:07:09.970> in 00:07:10.260 --> 00:07:10.270 align:start position:0% other names from Polonia exhbit rex in 00:07:10.270 --> 00:07:13.140 align:start position:0% other names from Polonia exhbit rex in the<00:07:10.630> top<00:07:10.810> four<00:07:11.530> and<00:07:11.560> five<00:07:11.860> and<00:07:12.190> then<00:07:12.280> the<00:07:12.940> first 00:07:13.140 --> 00:07:13.150 align:start position:0% the top four and five and then the first 00:07:13.150 --> 00:07:16.200 align:start position:0% the top four and five and then the first real<00:07:13.390> DAP<00:07:13.750> up<00:07:13.990> there<00:07:14.170> also<00:07:14.350> is<00:07:14.710> ENS<00:07:15.340> with<00:07:15.940> just 00:07:16.200 --> 00:07:16.210 align:start position:0% real DAP up there also is ENS with just 00:07:16.210 --> 00:07:20.100 align:start position:0% real DAP up there also is ENS with just over<00:07:16.480> a<00:07:16.540> million<00:07:16.750> transactions<00:07:17.440> to<00:07:17.620> date<00:07:19.110> this 00:07:20.100 --> 00:07:20.110 align:start position:0% over a million transactions to date this 00:07:20.110 --> 00:07:22.440 align:start position:0% over a million transactions to date this graph<00:07:20.380> shows<00:07:20.770> the<00:07:20.800> total<00:07:21.400> transaction<00:07:21.730> volume 00:07:22.440 --> 00:07:22.450 align:start position:0% graph shows the total transaction volume 00:07:22.450 --> 00:07:24.840 align:start position:0% graph shows the total transaction volume since<00:07:22.810> the<00:07:23.110> beginning<00:07:23.410> of<00:07:23.590> May<00:07:23.830> and<00:07:24.100> it's<00:07:24.550> in 00:07:24.840 --> 00:07:24.850 align:start position:0% since the beginning of May and it's in 00:07:24.850 --> 00:07:27.810 align:start position:0% since the beginning of May and it's in ether<00:07:25.240> so<00:07:25.690> when<00:07:26.560> the<00:07:26.680> snapshot<00:07:26.980> was<00:07:27.190> taken<00:07:27.370> at 00:07:27.810 --> 00:07:27.820 align:start position:0% ether so when the snapshot was taken at 00:07:27.820 --> 00:07:29.970 align:start position:0% ether so when the snapshot was taken at the<00:07:27.910> end<00:07:28.030> of<00:07:28.210> October<00:07:28.720> there<00:07:29.350> was<00:07:29.470> a<00:07:29.500> total<00:07:29.740> of 00:07:29.970 --> 00:07:29.980 align:start position:0% the end of October there was a total of 00:07:29.980 --> 00:07:33.030 align:start position:0% the end of October there was a total of about<00:07:30.300> 1.8<00:07:31.300> million<00:07:31.570> ether<00:07:32.350> that's<00:07:32.800> been 00:07:33.030 --> 00:07:33.040 align:start position:0% about 1.8 million ether that's been 00:07:33.040 --> 00:07:34.560 align:start position:0% about 1.8 million ether that's been traded<00:07:33.460> through<00:07:33.730> the<00:07:33.820> ether<00:07:34.030> Delta<00:07:34.300> smart 00:07:34.560 --> 00:07:34.570 align:start position:0% traded through the ether Delta smart 00:07:34.570 --> 00:07:37.230 align:start position:0% traded through the ether Delta smart contract<00:07:34.990> and<00:07:35.620> this<00:07:35.890> is<00:07:36.010> really<00:07:36.310> a<00:07:36.340> testament 00:07:37.230 --> 00:07:37.240 align:start position:0% contract and this is really a testament 00:07:37.240 --> 00:07:40.410 align:start position:0% contract and this is really a testament to<00:07:37.650> not<00:07:38.650> only<00:07:38.830> ether<00:07:39.370> Delta's<00:07:39.760> success<00:07:40.150> but 00:07:40.410 --> 00:07:40.420 align:start position:0% to not only ether Delta's success but 00:07:40.420 --> 00:07:42.510 align:start position:0% to not only ether Delta's success but really<00:07:40.660> the<00:07:40.870> explosion<00:07:41.680> of<00:07:41.800> the<00:07:41.860> token 00:07:42.510 --> 00:07:42.520 align:start position:0% really the explosion of the token 00:07:42.520 --> 00:07:46.370 align:start position:0% really the explosion of the token economy<00:07:43.350> in<00:07:44.350> ethereum<00:07:44.890> you<00:07:45.670> can<00:07:45.820> really<00:07:46.060> see 00:07:46.370 --> 00:07:46.380 align:start position:0% economy in ethereum you can really see 00:07:46.380 --> 00:07:49.470 align:start position:0% economy in ethereum you can really see June<00:07:47.380> July<00:07:47.740> like<00:07:48.190> that's<00:07:48.370> when<00:07:48.640> I<00:07:48.940> would<00:07:49.330> say 00:07:49.470 --> 00:07:49.480 align:start position:0% June July like that's when I would say 00:07:49.480 --> 00:07:54.450 align:start position:0% June July like that's when I would say the<00:07:49.660> ICO<00:07:50.140> craze<00:07:50.500> really<00:07:51.100> started<00:07:51.460> I<00:07:53.430> did<00:07:54.430> a 00:07:54.450 --> 00:07:54.460 align:start position:0% the ICO craze really started I did a 00:07:54.460 --> 00:07:56.640 align:start position:0% the ICO craze really started I did a quick<00:07:54.640> survey<00:07:55.060> recently<00:07:55.270> of<00:07:55.720> ether<00:07:56.380> Delta 00:07:56.640 --> 00:07:56.650 align:start position:0% quick survey recently of ether Delta 00:07:56.650 --> 00:07:58.710 align:start position:0% quick survey recently of ether Delta users<00:07:56.950> to<00:07:57.130> get<00:07:57.220> a<00:07:57.280> sense<00:07:57.580> for<00:07:57.850> what<00:07:58.390> do<00:07:58.540> people 00:07:58.710 --> 00:07:58.720 align:start position:0% users to get a sense for what do people 00:07:58.720 --> 00:08:01.650 align:start position:0% users to get a sense for what do people think<00:07:58.870> I<00:07:59.460> collected<00:08:00.460> some<00:08:00.510> written<00:08:01.510> feedback 00:08:01.650 --> 00:08:01.660 align:start position:0% think I collected some written feedback 00:08:01.660 --> 00:08:03.900 align:start position:0% think I collected some written feedback but<00:08:02.110> also<00:08:02.140> some<00:08:02.770> numbers<00:08:03.550> that<00:08:03.580> I<00:08:03.760> can 00:08:03.900 --> 00:08:03.910 align:start position:0% but also some numbers that I can 00:08:03.910 --> 00:08:05.850 align:start position:0% but also some numbers that I can actually<00:08:04.060> show<00:08:04.390> you<00:08:04.420> today<00:08:04.830> the<00:08:05.830> first 00:08:05.850 --> 00:08:05.860 align:start position:0% actually show you today the first 00:08:05.860 --> 00:08:07.920 align:start position:0% actually show you today the first question<00:08:06.400> is<00:08:06.580> what<00:08:06.940> is<00:08:06.970> your<00:08:07.060> overall<00:08:07.570> opinion 00:08:07.920 --> 00:08:07.930 align:start position:0% question is what is your overall opinion 00:08:07.930 --> 00:08:11.640 align:start position:0% question is what is your overall opinion of<00:08:08.260> ether<00:08:08.500> Delta<00:08:08.830> and<00:08:09.720> the<00:08:10.720> plurality<00:08:11.380> of 00:08:11.640 --> 00:08:11.650 align:start position:0% of ether Delta and the plurality of 00:08:11.650 --> 00:08:13.860 align:start position:0% of ether Delta and the plurality of people<00:08:11.980> just<00:08:12.550> over<00:08:12.820> 20<00:08:13.060> percent<00:08:13.210> actually 00:08:13.860 --> 00:08:13.870 align:start position:0% people just over 20 percent actually 00:08:13.870 --> 00:08:15.120 align:start position:0% people just over 20 percent actually love<00:08:14.050> it 00:08:15.120 --> 00:08:15.130 align:start position:0% love it 00:08:15.130 --> 00:08:16.920 align:start position:0% love it I<00:08:15.190> was<00:08:15.700> a<00:08:15.730> little<00:08:15.970> bit<00:08:16.060> surprised<00:08:16.420> to<00:08:16.690> see<00:08:16.900> that 00:08:16.920 --> 00:08:16.930 align:start position:0% I was a little bit surprised to see that 00:08:16.930 --> 00:08:19.650 align:start position:0% I was a little bit surprised to see that it's<00:08:17.440> so<00:08:17.740> weighted<00:08:18.430> to<00:08:18.670> the<00:08:18.700> right<00:08:19.210> hand<00:08:19.420> side 00:08:19.650 --> 00:08:19.660 align:start position:0% it's so weighted to the right hand side 00:08:19.660 --> 00:08:22.350 align:start position:0% it's so weighted to the right hand side I<00:08:19.900> think<00:08:20.650> a<00:08:21.190> general<00:08:21.670> impression<00:08:21.910> of<00:08:22.150> ether 00:08:22.350 --> 00:08:22.360 align:start position:0% I think a general impression of ether 00:08:22.360 --> 00:08:24.780 align:start position:0% I think a general impression of ether Delta<00:08:22.690> is<00:08:22.810> that<00:08:23.020> you<00:08:23.620> hate<00:08:23.830> it<00:08:23.980> until<00:08:24.490> you<00:08:24.610> love 00:08:24.780 --> 00:08:24.790 align:start position:0% Delta is that you hate it until you love 00:08:24.790 --> 00:08:27.470 align:start position:0% Delta is that you hate it until you love it<00:08:24.940> meaning<00:08:25.480> you<00:08:25.870> come<00:08:26.080> you're<00:08:26.890> very<00:08:27.070> confused 00:08:27.470 --> 00:08:27.480 align:start position:0% it meaning you come you're very confused 00:08:27.480 --> 00:08:29.580 align:start position:0% it meaning you come you're very confused you've<00:08:28.480> never<00:08:28.750> used<00:08:28.960> anything<00:08:29.200> like<00:08:29.470> this 00:08:29.580 --> 00:08:29.590 align:start position:0% you've never used anything like this 00:08:29.590 --> 00:08:33.750 align:start position:0% you've never used anything like this before<00:08:29.770> yeah<00:08:30.550> you<00:08:31.090> guys<00:08:31.510> know<00:08:31.860> and<00:08:32.860> then<00:08:33.370> five 00:08:33.750 --> 00:08:33.760 align:start position:0% before yeah you guys know and then five 00:08:33.760 --> 00:08:35.580 align:start position:0% before yeah you guys know and then five minutes<00:08:33.910> later<00:08:34.090> after<00:08:34.630> a<00:08:34.660> conversation<00:08:34.960> in 00:08:35.580 --> 00:08:35.590 align:start position:0% minutes later after a conversation in 00:08:35.590 --> 00:08:37.320 align:start position:0% minutes later after a conversation in the<00:08:35.620> support<00:08:36.099> channel<00:08:36.430> you<00:08:37.030> figured 00:08:37.320 --> 00:08:37.330 align:start position:0% the support channel you figured 00:08:37.330 --> 00:08:38.760 align:start position:0% the support channel you figured everything<00:08:37.540> out<00:08:37.780> and<00:08:38.050> you<00:08:38.200> love<00:08:38.380> it<00:08:38.410> it's<00:08:38.680> the 00:08:38.760 --> 00:08:38.770 align:start position:0% everything out and you love it it's the 00:08:38.770 --> 00:08:41.210 align:start position:0% everything out and you love it it's the best<00:08:38.800> thing<00:08:39.099> you've<00:08:39.220> ever<00:08:39.280> used<00:08:39.550> before<00:08:39.669> I 00:08:41.210 --> 00:08:41.220 align:start position:0% best thing you've ever used before I 00:08:41.220 --> 00:08:43.650 align:start position:0% best thing you've ever used before I asked<00:08:42.220> how<00:08:42.580> frequently<00:08:43.000> do<00:08:43.150> you<00:08:43.240> use<00:08:43.419> ether 00:08:43.650 --> 00:08:43.660 align:start position:0% asked how frequently do you use ether 00:08:43.660 --> 00:08:45.720 align:start position:0% asked how frequently do you use ether Delta<00:08:43.990> the<00:08:44.470> majority<00:08:44.920> of<00:08:45.010> people<00:08:45.340> use<00:08:45.550> it 00:08:45.720 --> 00:08:45.730 align:start position:0% Delta the majority of people use it 00:08:45.730 --> 00:08:50.310 align:start position:0% Delta the majority of people use it either<00:08:46.000> daily<00:08:46.330> or<00:08:46.510> hourly<00:08:48.990> why<00:08:49.990> do<00:08:50.050> you<00:08:50.200> use 00:08:50.310 --> 00:08:50.320 align:start position:0% either daily or hourly why do you use 00:08:50.320 --> 00:08:52.350 align:start position:0% either daily or hourly why do you use ether<00:08:50.590> Delta<00:08:50.920> so<00:08:51.310> this<00:08:51.430> is<00:08:51.580> interesting<00:08:52.120> the 00:08:52.350 --> 00:08:52.360 align:start position:0% ether Delta so this is interesting the 00:08:52.360 --> 00:08:54.000 align:start position:0% ether Delta so this is interesting the top<00:08:52.870> choice<00:08:53.110> was<00:08:53.530> to 00:08:54.000 --> 00:08:54.010 align:start position:0% top choice was to 00:08:54.010 --> 00:08:57.120 align:start position:0% top choice was to to<00:08:54.100> choose<00:08:54.490> from<00:08:55.020> and<00:08:56.020> so<00:08:56.290> one<00:08:56.740> of<00:08:56.770> the<00:08:56.920> things 00:08:57.120 --> 00:08:57.130 align:start position:0% to choose from and so one of the things 00:08:57.130 --> 00:08:58.650 align:start position:0% to choose from and so one of the things about<00:08:57.280> user<00:08:57.580> Delta<00:08:57.910> is<00:08:58.060> that<00:08:58.240> because<00:08:58.510> it's 00:08:58.650 --> 00:08:58.660 align:start position:0% about user Delta is that because it's 00:08:58.660 --> 00:08:59.940 align:start position:0% about user Delta is that because it's happening<00:08:58.960> in<00:08:59.050> the<00:08:59.110> smart<00:08:59.350> contract<00:08:59.830> that 00:08:59.940 --> 00:08:59.950 align:start position:0% happening in the smart contract that 00:08:59.950 --> 00:09:02.190 align:start position:0% happening in the smart contract that supports<00:09:00.370> the<00:09:00.520> ERC<00:09:00.820> 20<00:09:01.240> token<00:09:01.570> standard<00:09:01.990> you 00:09:02.190 --> 00:09:02.200 align:start position:0% supports the ERC 20 token standard you 00:09:02.200 --> 00:09:03.690 align:start position:0% supports the ERC 20 token standard you can<00:09:02.350> trade<00:09:02.590> any<00:09:02.950> token<00:09:03.340> you<00:09:03.430> would<00:09:03.550> like 00:09:03.690 --> 00:09:03.700 align:start position:0% can trade any token you would like 00:09:03.700 --> 00:09:07.260 align:start position:0% can trade any token you would like there's<00:09:04.210> no<00:09:04.360> restriction<00:09:05.640> some<00:09:06.640> tokens<00:09:07.030> end 00:09:07.260 --> 00:09:07.270 align:start position:0% there's no restriction some tokens end 00:09:07.270 --> 00:09:09.300 align:start position:0% there's no restriction some tokens end up<00:09:07.390> being<00:09:07.690> officially<00:09:08.350> listed<00:09:08.530> on<00:09:08.980> the<00:09:09.100> site 00:09:09.300 --> 00:09:09.310 align:start position:0% up being officially listed on the site 00:09:09.310 --> 00:09:12.690 align:start position:0% up being officially listed on the site meaning<00:09:09.730> that<00:09:09.880> the<00:09:10.980> token<00:09:11.980> has<00:09:12.190> approached<00:09:12.580> me 00:09:12.690 --> 00:09:12.700 align:start position:0% meaning that the token has approached me 00:09:12.700 --> 00:09:14.610 align:start position:0% meaning that the token has approached me and<00:09:12.940> they<00:09:13.000> want<00:09:13.210> to<00:09:13.360> actually<00:09:13.750> appear<00:09:14.140> on<00:09:14.170> the 00:09:14.610 --> 00:09:14.620 align:start position:0% and they want to actually appear on the 00:09:14.620 --> 00:09:17.940 align:start position:0% and they want to actually appear on the list<00:09:15.100> of<00:09:15.310> tokens<00:09:15.520> in<00:09:15.970> the<00:09:16.000> volume<00:09:16.510> box<00:09:16.950> whereas 00:09:17.940 --> 00:09:17.950 align:start position:0% list of tokens in the volume box whereas 00:09:17.950 --> 00:09:19.770 align:start position:0% list of tokens in the volume box whereas there<00:09:18.250> are<00:09:18.280> also<00:09:18.460> tokens<00:09:18.970> a<00:09:19.090> trade<00:09:19.330> just<00:09:19.600> as 00:09:19.770 --> 00:09:19.780 align:start position:0% there are also tokens a trade just as 00:09:19.780 --> 00:09:21.720 align:start position:0% there are also tokens a trade just as custom<00:09:20.230> tokens<00:09:20.620> meaning<00:09:20.920> someone<00:09:21.250> imports 00:09:21.720 --> 00:09:21.730 align:start position:0% custom tokens meaning someone imports 00:09:21.730 --> 00:09:23.190 align:start position:0% custom tokens meaning someone imports the<00:09:21.940> token<00:09:22.240> address<00:09:22.570> and<00:09:22.810> just<00:09:22.960> starts 00:09:23.190 --> 00:09:23.200 align:start position:0% the token address and just starts 00:09:23.200 --> 00:09:26.100 align:start position:0% the token address and just starts trading<00:09:23.590> it<00:09:24.300> and<00:09:25.300> then<00:09:25.510> the<00:09:25.750> second-place 00:09:26.100 --> 00:09:26.110 align:start position:0% trading it and then the second-place 00:09:26.110 --> 00:09:28.920 align:start position:0% trading it and then the second-place answer<00:09:26.620> it's<00:09:26.800> decentralized<00:09:27.510> just<00:09:28.510> under<00:09:28.720> 30 00:09:28.920 --> 00:09:28.930 align:start position:0% answer it's decentralized just under 30 00:09:28.930 --> 00:09:30.660 align:start position:0% answer it's decentralized just under 30 percent<00:09:29.010> another<00:09:30.010> thing<00:09:30.340> is<00:09:30.490> that<00:09:30.520> I 00:09:30.660 --> 00:09:30.670 align:start position:0% percent another thing is that I 00:09:30.670 --> 00:09:33.630 align:start position:0% percent another thing is that I sometimes<00:09:31.060> talk<00:09:31.480> to<00:09:31.630> people<00:09:32.400> users<00:09:33.400> of<00:09:33.550> the 00:09:33.630 --> 00:09:33.640 align:start position:0% sometimes talk to people users of the 00:09:33.640 --> 00:09:35.430 align:start position:0% sometimes talk to people users of the site<00:09:33.820> and<00:09:34.060> ask<00:09:34.270> do<00:09:35.080> you<00:09:35.140> know<00:09:35.290> what's 00:09:35.430 --> 00:09:35.440 align:start position:0% site and ask do you know what's 00:09:35.440 --> 00:09:37.980 align:start position:0% site and ask do you know what's different<00:09:35.590> about<00:09:35.830> easier<00:09:36.130> Delta<00:09:36.520> and<00:09:36.990> their 00:09:37.980 --> 00:09:37.990 align:start position:0% different about easier Delta and their 00:09:37.990 --> 00:09:39.900 align:start position:0% different about easier Delta and their answer<00:09:38.290> is<00:09:38.440> often<00:09:38.980> not<00:09:39.370> oh<00:09:39.640> it's 00:09:39.900 --> 00:09:39.910 align:start position:0% answer is often not oh it's 00:09:39.910 --> 00:09:41.820 align:start position:0% answer is often not oh it's decentralized<00:09:40.390> there<00:09:41.380> are<00:09:41.440> a<00:09:41.500> lot<00:09:41.590> of<00:09:41.620> people 00:09:41.820 --> 00:09:41.830 align:start position:0% decentralized there are a lot of people 00:09:41.830 --> 00:09:44.310 align:start position:0% decentralized there are a lot of people using<00:09:42.580> it<00:09:42.670> that<00:09:43.000> don't<00:09:43.150> really<00:09:43.540> realize<00:09:43.870> what 00:09:44.310 --> 00:09:44.320 align:start position:0% using it that don't really realize what 00:09:44.320 --> 00:09:45.990 align:start position:0% using it that don't really realize what are<00:09:44.410> the<00:09:44.500> benefits<00:09:44.680> they're<00:09:45.490> here<00:09:45.700> because 00:09:45.990 --> 00:09:46.000 align:start position:0% are the benefits they're here because 00:09:46.000 --> 00:09:47.640 align:start position:0% are the benefits they're here because there<00:09:46.270> are<00:09:46.360> so<00:09:46.510> many<00:09:46.630> tokens<00:09:46.930> they're 00:09:47.640 --> 00:09:47.650 align:start position:0% there are so many tokens they're 00:09:47.650 --> 00:09:49.380 align:start position:0% there are so many tokens they're interested<00:09:48.160> in<00:09:48.220> one<00:09:48.370> particular<00:09:48.940> year<00:09:49.120> I<00:09:49.210> see 00:09:49.380 --> 00:09:49.390 align:start position:0% interested in one particular year I see 00:09:49.390 --> 00:09:51.450 align:start position:0% interested in one particular year I see 20<00:09:49.630> token<00:09:50.050> that<00:09:50.080> maybe<00:09:50.800> they<00:09:50.950> weren't<00:09:51.160> able<00:09:51.250> to 00:09:51.450 --> 00:09:51.460 align:start position:0% 20 token that maybe they weren't able to 00:09:51.460 --> 00:09:53.040 align:start position:0% 20 token that maybe they weren't able to participate<00:09:51.760> in<00:09:52.120> the<00:09:52.210> crowd<00:09:52.390> sale<00:09:52.660> or<00:09:52.900> they 00:09:53.040 --> 00:09:53.050 align:start position:0% participate in the crowd sale or they 00:09:53.050 --> 00:09:55.200 align:start position:0% participate in the crowd sale or they want<00:09:53.230> to<00:09:53.320> to<00:09:54.040> sell<00:09:54.250> something<00:09:54.520> and<00:09:54.880> that's<00:09:54.940> why 00:09:55.200 --> 00:09:55.210 align:start position:0% want to to sell something and that's why 00:09:55.210 --> 00:10:01.710 align:start position:0% want to to sell something and that's why they<00:09:55.360> end<00:09:55.390> up<00:09:55.600> on<00:09:55.750> the<00:09:55.930> site<00:10:00.540> so<00:10:01.540> I'll<00:10:01.630> go 00:10:01.710 --> 00:10:01.720 align:start position:0% they end up on the site so I'll go 00:10:01.720 --> 00:10:03.360 align:start position:0% they end up on the site so I'll go through<00:10:01.930> a<00:10:01.960> handful<00:10:02.350> of<00:10:02.380> lessons<00:10:02.890> learned<00:10:03.130> I 00:10:03.360 --> 00:10:03.370 align:start position:0% through a handful of lessons learned I 00:10:03.370 --> 00:10:06.390 align:start position:0% through a handful of lessons learned I think<00:10:04.380> probably<00:10:05.380> any<00:10:05.770> decentralized 00:10:06.390 --> 00:10:06.400 align:start position:0% think probably any decentralized 00:10:06.400 --> 00:10:08.310 align:start position:0% think probably any decentralized application<00:10:07.000> can<00:10:07.270> have<00:10:07.300> some<00:10:07.690> takeaways<00:10:08.170> from 00:10:08.310 --> 00:10:08.320 align:start position:0% application can have some takeaways from 00:10:08.320 --> 00:10:11.520 align:start position:0% application can have some takeaways from these<00:10:09.390> the<00:10:10.390> first<00:10:10.570> one<00:10:10.810> maybe<00:10:11.290> you<00:10:11.440> remember 00:10:11.520 --> 00:10:11.530 align:start position:0% these the first one maybe you remember 00:10:11.530 --> 00:10:13.650 align:start position:0% these the first one maybe you remember this<00:10:11.770> picture<00:10:12.040> on<00:10:12.370> Twitter<00:10:12.640> this<00:10:13.210> was<00:10:13.390> a<00:10:13.420> case 00:10:13.650 --> 00:10:13.660 align:start position:0% this picture on Twitter this was a case 00:10:13.660 --> 00:10:15.660 align:start position:0% this picture on Twitter this was a case where<00:10:13.960> the<00:10:14.140> URL<00:10:14.740> for<00:10:14.950> each<00:10:14.980> or<00:10:15.190> Delta<00:10:15.520> was 00:10:15.660 --> 00:10:15.670 align:start position:0% where the URL for each or Delta was 00:10:15.670 --> 00:10:18.210 align:start position:0% where the URL for each or Delta was changing<00:10:16.120> from<00:10:16.360> a<00:10:16.630> github<00:10:16.990> pages<00:10:17.380> URL<00:10:17.680> which 00:10:18.210 --> 00:10:18.220 align:start position:0% changing from a github pages URL which 00:10:18.220 --> 00:10:21.150 align:start position:0% changing from a github pages URL which was<00:10:18.430> ether<00:10:18.730> Delta<00:10:19.120> github<00:10:19.750> that<00:10:19.780> I<00:10:20.020> owe<00:10:20.140> to<00:10:21.040> the 00:10:21.150 --> 00:10:21.160 align:start position:0% was ether Delta github that I owe to the 00:10:21.160 --> 00:10:25.020 align:start position:0% was ether Delta github that I owe to the dot-com<00:10:21.550> ether<00:10:22.240> Delta<00:10:22.540> com<00:10:22.930> and<00:10:23.700> the<00:10:24.700> only<00:10:24.910> way 00:10:25.020 --> 00:10:25.030 align:start position:0% dot-com ether Delta com and the only way 00:10:25.030 --> 00:10:27.270 align:start position:0% dot-com ether Delta com and the only way I<00:10:25.060> could<00:10:25.210> initially<00:10:25.750> think<00:10:25.990> to<00:10:26.250> verify<00:10:27.250> that 00:10:27.270 --> 00:10:27.280 align:start position:0% I could initially think to verify that 00:10:27.280 --> 00:10:28.860 align:start position:0% I could initially think to verify that the<00:10:27.670> new<00:10:27.790> domain<00:10:28.120> name<00:10:28.150> was<00:10:28.480> actually 00:10:28.860 --> 00:10:28.870 align:start position:0% the new domain name was actually 00:10:28.870 --> 00:10:31.140 align:start position:0% the new domain name was actually associated<00:10:29.440> with<00:10:29.650> ether<00:10:29.830> Delta<00:10:30.190> was<00:10:30.850> to<00:10:30.970> take 00:10:31.140 --> 00:10:31.150 align:start position:0% associated with ether Delta was to take 00:10:31.150 --> 00:10:34.740 align:start position:0% associated with ether Delta was to take this<00:10:31.330> crazy<00:10:31.750> picture<00:10:32.520> late<00:10:33.520> one<00:10:33.670> night<00:10:33.750> there 00:10:34.740 --> 00:10:34.750 align:start position:0% this crazy picture late one night there 00:10:34.750 --> 00:10:38.610 align:start position:0% this crazy picture late one night there was<00:10:34.840> also<00:10:35.020> a<00:10:35.170> video<00:10:35.290> the<00:10:35.590> next<00:10:35.800> day<00:10:37.620> another 00:10:38.610 --> 00:10:38.620 align:start position:0% was also a video the next day another 00:10:38.620 --> 00:10:40.500 align:start position:0% was also a video the next day another thing<00:10:38.920> about<00:10:39.070> ether<00:10:39.550> Delta<00:10:39.910> that<00:10:40.060> I<00:10:40.150> think<00:10:40.360> is 00:10:40.500 --> 00:10:40.510 align:start position:0% thing about ether Delta that I think is 00:10:40.510 --> 00:10:42.390 align:start position:0% thing about ether Delta that I think is really<00:10:40.750> important<00:10:41.200> is<00:10:41.320> there's<00:10:41.770> this<00:10:41.950> Gitter 00:10:42.390 --> 00:10:42.400 align:start position:0% really important is there's this Gitter 00:10:42.400 --> 00:10:45.300 align:start position:0% really important is there's this Gitter channel<00:10:43.080> in<00:10:44.080> the<00:10:44.200> beginning<00:10:44.500> there<00:10:45.040> would<00:10:45.160> be 00:10:45.300 --> 00:10:45.310 align:start position:0% channel in the beginning there would be 00:10:45.310 --> 00:10:47.370 align:start position:0% channel in the beginning there would be you<00:10:45.730> know<00:10:45.850> one<00:10:46.030> or<00:10:46.150> two<00:10:46.180> users<00:10:46.660> per<00:10:46.870> day<00:10:47.020> coming 00:10:47.370 --> 00:10:47.380 align:start position:0% you know one or two users per day coming 00:10:47.380 --> 00:10:49.230 align:start position:0% you know one or two users per day coming through<00:10:47.530> this<00:10:47.650> channel<00:10:47.890> to<00:10:48.220> figure<00:10:48.790> out<00:10:48.970> how 00:10:49.230 --> 00:10:49.240 align:start position:0% through this channel to figure out how 00:10:49.240 --> 00:10:51.360 align:start position:0% through this channel to figure out how do<00:10:49.300> I<00:10:49.390> use<00:10:49.510> ether<00:10:49.930> Delta<00:10:50.260> now<00:10:51.070> there<00:10:51.280> are 00:10:51.360 --> 00:10:51.370 align:start position:0% do I use ether Delta now there are 00:10:51.370 --> 00:10:53.220 align:start position:0% do I use ether Delta now there are 10,000<00:10:51.970> people<00:10:52.150> signed<00:10:52.510> up<00:10:52.660> and<00:10:52.810> it's<00:10:52.960> really 00:10:53.220 --> 00:10:53.230 align:start position:0% 10,000 people signed up and it's really 00:10:53.230 --> 00:10:55.800 align:start position:0% 10,000 people signed up and it's really just<00:10:53.350> a<00:10:53.530> constant<00:10:54.070> stream<00:10:54.370> of<00:10:54.660> questions<00:10:55.660> and 00:10:55.800 --> 00:10:55.810 align:start position:0% just a constant stream of questions and 00:10:55.810 --> 00:10:57.540 align:start position:0% just a constant stream of questions and answers<00:10:56.080> and<00:10:56.470> I<00:10:57.010> think<00:10:57.220> this<00:10:57.310> is<00:10:57.400> really 00:10:57.540 --> 00:10:57.550 align:start position:0% answers and I think this is really 00:10:57.550 --> 00:11:00.420 align:start position:0% answers and I think this is really important<00:10:58.060> there's<00:10:58.240> actually<00:10:58.630> a<00:10:58.660> team<00:10:59.430> behind 00:11:00.420 --> 00:11:00.430 align:start position:0% important there's actually a team behind 00:11:00.430 --> 00:11:02.700 align:start position:0% important there's actually a team behind this<00:11:00.760> now<00:11:00.910> so<00:11:01.300> if<00:11:01.600> you<00:11:01.750> go<00:11:01.870> on<00:11:02.020> the<00:11:02.200> the<00:11:02.230> chat 00:11:02.700 --> 00:11:02.710 align:start position:0% this now so if you go on the the chat 00:11:02.710 --> 00:11:05.460 align:start position:0% this now so if you go on the the chat room<00:11:02.890> you'll<00:11:03.040> see<00:11:03.100> Ichiro<00:11:04.030> Delta<00:11:04.360> rep<00:11:04.720> one<00:11:05.020> rub 00:11:05.460 --> 00:11:05.470 align:start position:0% room you'll see Ichiro Delta rep one rub 00:11:05.470 --> 00:11:07.470 align:start position:0% room you'll see Ichiro Delta rep one rub two<00:11:05.500> rub<00:11:05.680> three<00:11:05.920> rub<00:11:06.100> for<00:11:06.460> they're<00:11:07.120> answering 00:11:07.470 --> 00:11:07.480 align:start position:0% two rub three rub for they're answering 00:11:07.480 --> 00:11:08.130 align:start position:0% two rub three rub for they're answering questions 00:11:08.130 --> 00:11:08.140 align:start position:0% questions 00:11:08.140 --> 00:11:10.530 align:start position:0% questions most<00:11:08.470> hours<00:11:08.770> of<00:11:08.920> the<00:11:09.010> day<00:11:09.210> and<00:11:10.210> I<00:11:10.270> think<00:11:10.450> this 00:11:10.530 --> 00:11:10.540 align:start position:0% most hours of the day and I think this 00:11:10.540 --> 00:11:13.770 align:start position:0% most hours of the day and I think this is<00:11:10.660> really<00:11:10.810> important<00:11:11.400> especially<00:11:12.400> when<00:11:12.910> like 00:11:13.770 --> 00:11:13.780 align:start position:0% is really important especially when like 00:11:13.780 --> 00:11:16.230 align:start position:0% is really important especially when like your<00:11:13.990> DAP<00:11:14.170> comes<00:11:14.500> online<00:11:14.890> and<00:11:15.250> people 00:11:16.230 --> 00:11:16.240 align:start position:0% your DAP comes online and people 00:11:16.240 --> 00:11:17.910 align:start position:0% your DAP comes online and people actually<00:11:16.570> have<00:11:16.840> to<00:11:16.960> understand<00:11:17.440> things<00:11:17.710> about 00:11:17.910 --> 00:11:17.920 align:start position:0% actually have to understand things about 00:11:17.920 --> 00:11:19.920 align:start position:0% actually have to understand things about how<00:11:18.100> aetherium<00:11:18.610> works<00:11:18.820> to<00:11:19.060> use<00:11:19.210> your<00:11:19.390> DAP<00:11:19.570> sure 00:11:19.920 --> 00:11:19.930 align:start position:0% how aetherium works to use your DAP sure 00:11:19.930 --> 00:11:21.570 align:start position:0% how aetherium works to use your DAP sure you<00:11:20.050> can<00:11:20.200> hide<00:11:20.350> a<00:11:20.380> lot<00:11:20.470> of<00:11:20.740> it<00:11:20.860> in<00:11:21.250> the<00:11:21.400> user 00:11:21.570 --> 00:11:21.580 align:start position:0% you can hide a lot of it in the user 00:11:21.580 --> 00:11:23.880 align:start position:0% you can hide a lot of it in the user experience<00:11:21.820> but<00:11:22.510> sometimes<00:11:23.320> the<00:11:23.440> users<00:11:23.710> is 00:11:23.880 --> 00:11:23.890 align:start position:0% experience but sometimes the users is 00:11:23.890 --> 00:11:25.080 align:start position:0% experience but sometimes the users is just<00:11:24.070> going<00:11:24.190> to<00:11:24.280> have<00:11:24.400> to<00:11:24.490> understand<00:11:24.880> how 00:11:25.080 --> 00:11:25.090 align:start position:0% just going to have to understand how 00:11:25.090 --> 00:11:27.390 align:start position:0% just going to have to understand how does<00:11:25.150> gas<00:11:25.510> work<00:11:25.810> in<00:11:26.080> order<00:11:26.290> to<00:11:26.440> really<00:11:27.190> figure 00:11:27.390 --> 00:11:27.400 align:start position:0% does gas work in order to really figure 00:11:27.400 --> 00:11:32.720 align:start position:0% does gas work in order to really figure out<00:11:27.520> what's<00:11:27.760> going<00:11:28.030> on<00:11:30.690> this<00:11:31.690> is<00:11:31.870> a<00:11:31.960> graph<00:11:32.200> with 00:11:32.720 --> 00:11:32.730 align:start position:0% out what's going on this is a graph with 00:11:32.730 --> 00:11:36.690 align:start position:0% out what's going on this is a graph with daily<00:11:33.730> volume<00:11:33.970> on<00:11:34.450> the<00:11:35.050> y-axis<00:11:35.230> and<00:11:35.920> funds 00:11:36.690 --> 00:11:36.700 align:start position:0% daily volume on the y-axis and funds 00:11:36.700 --> 00:11:38.670 align:start position:0% daily volume on the y-axis and funds raised<00:11:37.000> on<00:11:37.360> the<00:11:37.660> x-axis<00:11:37.990> and<00:11:38.590> I've 00:11:38.670 --> 00:11:38.680 align:start position:0% raised on the x-axis and I've 00:11:38.680 --> 00:11:41.160 align:start position:0% raised on the x-axis and I've highlighted<00:11:38.920> ether<00:11:39.910> Delta<00:11:40.240> here<00:11:40.510> in<00:11:40.690> the 00:11:41.160 --> 00:11:41.170 align:start position:0% highlighted ether Delta here in the 00:11:41.170 --> 00:11:43.170 align:start position:0% highlighted ether Delta here in the upper<00:11:41.410> left<00:11:41.620> quadrant<00:11:41.970> what<00:11:42.970> I'm<00:11:43.060> really 00:11:43.170 --> 00:11:43.180 align:start position:0% upper left quadrant what I'm really 00:11:43.180 --> 00:11:45.120 align:start position:0% upper left quadrant what I'm really trying<00:11:43.390> to<00:11:43.540> say<00:11:43.720> here<00:11:43.990> is<00:11:44.080> that<00:11:44.110> you<00:11:44.620> see<00:11:44.650> a<00:11:44.830> lot 00:11:45.120 --> 00:11:45.130 align:start position:0% trying to say here is that you see a lot 00:11:45.130 --> 00:11:48.270 align:start position:0% trying to say here is that you see a lot of<00:11:45.160> these<00:11:46.440> decentralized<00:11:47.440> trading<00:11:47.830> platform 00:11:48.270 --> 00:11:48.280 align:start position:0% of these decentralized trading platform 00:11:48.280 --> 00:11:51.950 align:start position:0% of these decentralized trading platform projects<00:11:49.020> raising<00:11:50.020> funds<00:11:50.230> right<00:11:50.440> now<00:11:50.730> and 00:11:51.950 --> 00:11:51.960 align:start position:0% projects raising funds right now and 00:11:51.960 --> 00:11:54.030 align:start position:0% projects raising funds right now and they<00:11:52.960> have<00:11:53.140> been<00:11:53.260> barely<00:11:53.470> launched<00:11:53.890> they 00:11:54.030 --> 00:11:54.040 align:start position:0% they have been barely launched they 00:11:54.040 --> 00:11:55.890 align:start position:0% they have been barely launched they don't<00:11:54.220> get<00:11:54.340> any<00:11:54.460> of<00:11:54.580> the<00:11:54.700> volume<00:11:55.030> ether<00:11:55.540> Delta 00:11:55.890 --> 00:11:55.900 align:start position:0% don't get any of the volume ether Delta 00:11:55.900 --> 00:11:58.260 align:start position:0% don't get any of the volume ether Delta as<00:11:55.990> a<00:11:56.020> prime<00:11:56.290> example<00:11:56.320> of<00:11:56.950> your<00:11:57.910> business 00:11:58.260 --> 00:11:58.270 align:start position:0% as a prime example of your business 00:11:58.270 --> 00:12:00.390 align:start position:0% as a prime example of your business model<00:11:58.480> does<00:11:58.720> not<00:11:58.750> need<00:11:59.320> to<00:11:59.500> involve<00:11:59.770> raising 00:12:00.390 --> 00:12:00.400 align:start position:0% model does not need to involve raising 00:12:00.400 --> 00:12:00.960 align:start position:0% model does not need to involve raising capital 00:12:00.960 --> 00:12:00.970 align:start position:0% capital 00:12:00.970 --> 00:12:05.700 align:start position:0% capital as<00:12:01.030> a<00:12:01.450> first<00:12:01.810> step<00:12:02.050> in<00:12:02.590> order<00:12:02.860> to<00:12:02.950> succeed<00:12:04.710> so 00:12:05.700 --> 00:12:05.710 align:start position:0% as a first step in order to succeed so 00:12:05.710 --> 00:12:07.890 align:start position:0% as a first step in order to succeed so more<00:12:06.490> on<00:12:06.610> that<00:12:06.760> like<00:12:07.030> when<00:12:07.420> I<00:12:07.450> was<00:12:07.660> starting 00:12:07.890 --> 00:12:07.900 align:start position:0% more on that like when I was starting 00:12:07.900 --> 00:12:11.760 align:start position:0% more on that like when I was starting either<00:12:08.560> Delta<00:12:08.950> in<00:12:09.630> July<00:12:10.630> of<00:12:10.660> 2016 00:12:11.760 --> 00:12:11.770 align:start position:0% either Delta in July of 2016 00:12:11.770 --> 00:12:13.830 align:start position:0% either Delta in July of 2016 really<00:12:12.010> starting<00:12:12.310> to<00:12:12.340> build<00:12:12.580> it<00:12:12.790> in<00:12:13.000> late 00:12:13.830 --> 00:12:13.840 align:start position:0% really starting to build it in late 00:12:13.840 --> 00:12:18.330 align:start position:0% really starting to build it in late April<00:12:14.200> I<00:12:14.290> think<00:12:14.940> I<00:12:16.440> thought<00:12:17.440> good<00:12:17.890> and<00:12:18.040> hard<00:12:18.220> to 00:12:18.330 --> 00:12:18.340 align:start position:0% April I think I thought good and hard to 00:12:18.340 --> 00:12:21.210 align:start position:0% April I think I thought good and hard to myself<00:12:18.520> how<00:12:19.150> can<00:12:19.210> I<00:12:19.540> do<00:12:19.600> this<00:12:19.900> without<00:12:20.590> first 00:12:21.210 --> 00:12:21.220 align:start position:0% myself how can I do this without first 00:12:21.220 --> 00:12:25.080 align:start position:0% myself how can I do this without first raising<00:12:21.670> a<00:12:22.030> boatload<00:12:22.570> of<00:12:22.780> cash<00:12:23.080> and<00:12:24.090> secondly 00:12:25.080 --> 00:12:25.090 align:start position:0% raising a boatload of cash and secondly 00:12:25.090 --> 00:12:27.690 align:start position:0% raising a boatload of cash and secondly how<00:12:25.510> can<00:12:25.720> I<00:12:25.810> possibly<00:12:26.110> monetize<00:12:26.890> this<00:12:27.220> without 00:12:27.690 --> 00:12:27.700 align:start position:0% how can I possibly monetize this without 00:12:27.700 --> 00:12:31.380 align:start position:0% how can I possibly monetize this without creating<00:12:28.060> a<00:12:28.480> token<00:12:29.230> and<00:12:30.040> I<00:12:30.550> realized<00:12:30.910> that<00:12:31.060> all 00:12:31.380 --> 00:12:31.390 align:start position:0% creating a token and I realized that all 00:12:31.390 --> 00:12:33.090 align:start position:0% creating a token and I realized that all I<00:12:31.450> really<00:12:31.750> have<00:12:31.900> to<00:12:32.050> do<00:12:32.170> is<00:12:32.320> charge<00:12:32.530> a<00:12:32.680> fee<00:12:32.830> and 00:12:33.090 --> 00:12:33.100 align:start position:0% I really have to do is charge a fee and 00:12:33.100 --> 00:12:34.500 align:start position:0% I really have to do is charge a fee and that's<00:12:33.490> what<00:12:33.670> ether<00:12:33.850> Delta<00:12:34.090> has<00:12:34.210> been<00:12:34.360> doing 00:12:34.500 --> 00:12:34.510 align:start position:0% that's what ether Delta has been doing 00:12:34.510 --> 00:12:37.230 align:start position:0% that's what ether Delta has been doing for<00:12:34.660> over<00:12:34.810> a<00:12:35.020> year<00:12:35.110> now<00:12:35.290> it<00:12:36.190> is<00:12:36.370> a<00:12:36.400> respectable 00:12:37.230 --> 00:12:37.240 align:start position:0% for over a year now it is a respectable 00:12:37.240 --> 00:12:38.730 align:start position:0% for over a year now it is a respectable business<00:12:37.660> model<00:12:37.960> that<00:12:38.110> I<00:12:38.140> wish<00:12:38.350> more<00:12:38.560> people 00:12:38.730 --> 00:12:38.740 align:start position:0% business model that I wish more people 00:12:38.740 --> 00:12:43.230 align:start position:0% business model that I wish more people would<00:12:39.430> do<00:12:40.860> so<00:12:41.860> here<00:12:42.070> here<00:12:42.340> it<00:12:42.460> is<00:12:42.520> some<00:12:42.760> some 00:12:43.230 --> 00:12:43.240 align:start position:0% would do so here here it is some some 00:12:43.240 --> 00:12:45.840 align:start position:0% would do so here here it is some some statements<00:12:43.690> that<00:12:43.780> I<00:12:43.840> I<00:12:44.170> would<00:12:45.040> make<00:12:45.250> to<00:12:45.520> two 00:12:45.840 --> 00:12:45.850 align:start position:0% statements that I I would make to two 00:12:45.850 --> 00:12:47.430 align:start position:0% statements that I I would make to two new<00:12:46.000> projects<00:12:46.450> entering<00:12:46.750> the<00:12:46.870> space<00:12:47.110> if<00:12:47.320> your 00:12:47.430 --> 00:12:47.440 align:start position:0% new projects entering the space if your 00:12:47.440 --> 00:12:48.870 align:start position:0% new projects entering the space if your first<00:12:47.680> step<00:12:47.920> is<00:12:48.100> to<00:12:48.130> raise<00:12:48.370> millions<00:12:48.640> of 00:12:48.870 --> 00:12:48.880 align:start position:0% first step is to raise millions of 00:12:48.880 --> 00:12:58.640 align:start position:0% first step is to raise millions of dollars<00:12:48.940> you<00:12:49.510> aren't<00:12:49.720> taking<00:12:49.870> a<00:12:50.260> real<00:12:50.560> risk 00:12:58.640 --> 00:12:58.650 align:start position:0% 00:12:58.650 --> 00:13:00.870 align:start position:0% taking<00:12:59.650> a<00:12:59.710> real<00:12:59.860> risk<00:13:00.070> will<00:13:00.400> make<00:13:00.580> you<00:13:00.730> work 00:13:00.870 --> 00:13:00.880 align:start position:0% taking a real risk will make you work 00:13:00.880 --> 00:13:04.590 align:start position:0% taking a real risk will make you work harder<00:13:01.110> I<00:13:02.110> mean<00:13:02.800> I<00:13:02.890> was<00:13:03.070> a<00:13:03.370> year<00:13:03.970> ahead<00:13:04.270> of<00:13:04.420> the 00:13:04.590 --> 00:13:04.600 align:start position:0% harder I mean I was a year ahead of the 00:13:04.600 --> 00:13:06.380 align:start position:0% harder I mean I was a year ahead of the curve<00:13:04.750> with<00:13:04.960> this<00:13:05.080> project<00:13:05.290> but<00:13:05.830> I<00:13:05.890> was<00:13:06.190> also 00:13:06.380 --> 00:13:06.390 align:start position:0% curve with this project but I was also 00:13:06.390 --> 00:13:08.610 align:start position:0% curve with this project but I was also working<00:13:07.390> hard<00:13:07.540> thinking<00:13:08.080> there<00:13:08.230> are<00:13:08.260> probably 00:13:08.610 --> 00:13:08.620 align:start position:0% working hard thinking there are probably 00:13:08.620 --> 00:13:10.020 align:start position:0% working hard thinking there are probably other<00:13:08.770> people<00:13:08.980> who<00:13:09.220> have<00:13:09.340> had<00:13:09.400> this<00:13:09.640> exact 00:13:10.020 --> 00:13:10.030 align:start position:0% other people who have had this exact 00:13:10.030 --> 00:13:12.000 align:start position:0% other people who have had this exact same<00:13:10.180> idea<00:13:10.510> doing<00:13:10.780> the<00:13:10.960> exact<00:13:11.260> same<00:13:11.290> thing<00:13:11.800> I 00:13:12.000 --> 00:13:12.010 align:start position:0% same idea doing the exact same thing I 00:13:12.010 --> 00:13:14.730 align:start position:0% same idea doing the exact same thing I could<00:13:12.790> go<00:13:12.970> in<00:13:13.180> okay<00:13:13.810> I<00:13:14.110> didn't<00:13:14.470> know<00:13:14.530> it<00:13:14.650> was 00:13:14.730 --> 00:13:14.740 align:start position:0% could go in okay I didn't know it was 00:13:14.740 --> 00:13:16.590 align:start position:0% could go in okay I didn't know it was the<00:13:14.860> thing<00:13:15.040> that<00:13:15.220> I<00:13:15.250> I<00:13:15.640> could<00:13:16.120> have<00:13:16.210> done<00:13:16.360> some 00:13:16.590 --> 00:13:16.600 align:start position:0% the thing that I I could have done some 00:13:16.600 --> 00:13:19.590 align:start position:0% the thing that I I could have done some kind<00:13:16.780> of<00:13:16.900> an<00:13:17.020> ICO<00:13:17.730> or<00:13:18.730> I<00:13:18.790> could<00:13:19.060> just<00:13:19.210> work<00:13:19.330> hard 00:13:19.590 --> 00:13:19.600 align:start position:0% kind of an ICO or I could just work hard 00:13:19.600 --> 00:13:22.080 align:start position:0% kind of an ICO or I could just work hard and<00:13:19.750> build<00:13:19.840> the<00:13:19.960> products<00:13:20.380> and<00:13:21.340> finally 00:13:22.080 --> 00:13:22.090 align:start position:0% and build the products and finally 00:13:22.090 --> 00:13:23.760 align:start position:0% and build the products and finally having<00:13:22.270> a<00:13:22.450> pile<00:13:22.690> of<00:13:22.780> cash<00:13:23.020> takes<00:13:23.440> away<00:13:23.650> your 00:13:23.760 --> 00:13:23.770 align:start position:0% having a pile of cash takes away your 00:13:23.770 --> 00:13:28.770 align:start position:0% having a pile of cash takes away your urgency<00:13:24.570> I<00:13:26.130> really<00:13:27.130> think<00:13:27.390> there<00:13:28.390> there<00:13:28.720> are 00:13:28.770 --> 00:13:28.780 align:start position:0% urgency I really think there there are 00:13:28.780 --> 00:13:30.300 align:start position:0% urgency I really think there there are enough<00:13:28.960> data<00:13:29.140> points<00:13:29.530> now<00:13:29.710> that<00:13:29.920> this<00:13:30.040> is<00:13:30.280> a 00:13:30.300 --> 00:13:30.310 align:start position:0% enough data points now that this is a 00:13:30.310 --> 00:13:33.300 align:start position:0% enough data points now that this is a very<00:13:30.970> true<00:13:31.240> statement<00:13:31.650> and<00:13:32.650> ether<00:13:32.860> Delta<00:13:33.160> is<00:13:33.280> a 00:13:33.300 --> 00:13:33.310 align:start position:0% very true statement and ether Delta is a 00:13:33.310 --> 00:13:35.670 align:start position:0% very true statement and ether Delta is a prime<00:13:33.550> example<00:13:33.580> of<00:13:34.150> of<00:13:34.510> what<00:13:34.960> not<00:13:35.230> having<00:13:35.470> a 00:13:35.670 --> 00:13:35.680 align:start position:0% prime example of of what not having a 00:13:35.680 --> 00:13:38.430 align:start position:0% prime example of of what not having a pile<00:13:35.890> of<00:13:36.010> cash<00:13:36.570> can<00:13:37.570> allow<00:13:37.750> you<00:13:37.810> to<00:13:38.050> actually 00:13:38.430 --> 00:13:38.440 align:start position:0% pile of cash can allow you to actually 00:13:38.440 --> 00:13:42.330 align:start position:0% pile of cash can allow you to actually achieve<00:13:40.560> so<00:13:41.560> there<00:13:41.710> are<00:13:41.770> a<00:13:41.800> handful<00:13:42.040> of<00:13:42.160> things 00:13:42.330 --> 00:13:42.340 align:start position:0% achieve so there are a handful of things 00:13:42.340 --> 00:13:44.130 align:start position:0% achieve so there are a handful of things that<00:13:42.610> are<00:13:42.760> new<00:13:43.240> about<00:13:43.450> ether<00:13:43.630> Delta<00:13:43.960> that<00:13:44.050> I 00:13:44.130 --> 00:13:44.140 align:start position:0% that are new about ether Delta that I 00:13:44.140 --> 00:13:46.560 align:start position:0% that are new about ether Delta that I want<00:13:44.320> to<00:13:44.470> bring<00:13:44.770> up<00:13:44.890> one<00:13:45.270> you<00:13:46.270> may<00:13:46.390> have 00:13:46.560 --> 00:13:46.570 align:start position:0% want to bring up one you may have 00:13:46.570 --> 00:13:49.680 align:start position:0% want to bring up one you may have noticed<00:13:46.990> that<00:13:47.200> prior<00:13:48.010> to<00:13:48.040> the<00:13:48.520> Byzantium<00:13:49.000> hard 00:13:49.680 --> 00:13:49.690 align:start position:0% noticed that prior to the Byzantium hard 00:13:49.690 --> 00:13:52.500 align:start position:0% noticed that prior to the Byzantium hard fork<00:13:49.990> there<00:13:50.620> were<00:13:50.860> a<00:13:51.160> lot<00:13:51.760> of<00:13:51.790> transactions 00:13:52.500 --> 00:13:52.510 align:start position:0% fork there were a lot of transactions 00:13:52.510 --> 00:13:54.930 align:start position:0% fork there were a lot of transactions backlog<00:13:53.440> in<00:13:53.620> the<00:13:53.740> etherium<00:13:54.100> Network<00:13:54.400> I<00:13:54.700> would 00:13:54.930 --> 00:13:54.940 align:start position:0% backlog in the etherium Network I would 00:13:54.940 --> 00:13:58.440 align:start position:0% backlog in the etherium Network I would sometimes<00:13:55.150> look<00:13:55.600> and<00:13:55.780> see<00:13:56.700> thousands<00:13:57.700> six 00:13:58.440 --> 00:13:58.450 align:start position:0% sometimes look and see thousands six 00:13:58.450 --> 00:13:59.880 align:start position:0% sometimes look and see thousands six thousand<00:13:58.840> eight<00:13:58.930> thousand<00:13:59.320> transactions 00:13:59.880 --> 00:13:59.890 align:start position:0% thousand eight thousand transactions 00:13:59.890 --> 00:14:02.190 align:start position:0% thousand eight thousand transactions pending<00:14:00.820> in<00:14:01.030> the<00:14:01.270> etherium<00:14:01.600> Network<00:14:01.900> and 00:14:02.190 --> 00:14:02.200 align:start position:0% pending in the etherium Network and 00:14:02.200 --> 00:14:03.750 align:start position:0% pending in the etherium Network and there<00:14:02.290> would<00:14:02.410> be<00:14:02.440> half<00:14:02.740> of<00:14:02.890> them<00:14:03.040> were<00:14:03.520> ether 00:14:03.750 --> 00:14:03.760 align:start position:0% there would be half of them were ether 00:14:03.760 --> 00:14:06.840 align:start position:0% there would be half of them were ether Delta<00:14:04.060> transactions<00:14:05.130> the<00:14:06.130> Byzantium<00:14:06.460> heart 00:14:06.840 --> 00:14:06.850 align:start position:0% Delta transactions the Byzantium heart 00:14:06.850 --> 00:14:09.000 align:start position:0% Delta transactions the Byzantium heart fork<00:14:07.060> has<00:14:07.180> helped<00:14:07.480> a<00:14:07.510> lot<00:14:07.540> you<00:14:08.410> no<00:14:08.530> longer<00:14:08.710> have 00:14:09.000 --> 00:14:09.010 align:start position:0% fork has helped a lot you no longer have 00:14:09.010 --> 00:14:10.920 align:start position:0% fork has helped a lot you no longer have to<00:14:09.040> wait<00:14:09.280> upwards<00:14:10.000> of<00:14:10.150> a<00:14:10.240> day<00:14:10.450> to<00:14:10.510> get<00:14:10.810> your 00:14:10.920 --> 00:14:10.930 align:start position:0% to wait upwards of a day to get your 00:14:10.930 --> 00:14:12.480 align:start position:0% to wait upwards of a day to get your trade<00:14:11.200> done<00:14:11.380> which<00:14:11.590> is<00:14:11.740> just<00:14:11.980> completely 00:14:12.480 --> 00:14:12.490 align:start position:0% trade done which is just completely 00:14:12.490 --> 00:14:15.600 align:start position:0% trade done which is just completely unusable<00:14:13.380> and<00:14:14.380> you<00:14:14.530> you<00:14:14.920> won't<00:14:15.070> really<00:14:15.250> as 00:14:15.600 --> 00:14:15.610 align:start position:0% unusable and you you won't really as 00:14:15.610 --> 00:14:17.340 align:start position:0% unusable and you you won't really as frequently<00:14:16.240> find<00:14:16.570> out<00:14:16.750> that<00:14:16.900> after<00:14:17.200> you've 00:14:17.340 --> 00:14:17.350 align:start position:0% frequently find out that after you've 00:14:17.350 --> 00:14:19.200 align:start position:0% frequently find out that after you've submitted<00:14:17.590> a<00:14:17.890> trade<00:14:18.100> it<00:14:18.430> turns<00:14:18.640> out<00:14:18.820> someone 00:14:19.200 --> 00:14:19.210 align:start position:0% submitted a trade it turns out someone 00:14:19.210 --> 00:14:21.510 align:start position:0% submitted a trade it turns out someone else<00:14:19.360> already<00:14:19.810> did<00:14:20.260> the<00:14:20.380> same<00:14:20.560> trade<00:14:20.830> and<00:14:21.160> your 00:14:21.510 --> 00:14:21.520 align:start position:0% else already did the same trade and your 00:14:21.520 --> 00:14:26.370 align:start position:0% else already did the same trade and your transaction<00:14:22.180> failed<00:14:22.800> wasting<00:14:23.800> gas<00:14:25.200> what<00:14:26.200> many 00:14:26.370 --> 00:14:26.380 align:start position:0% transaction failed wasting gas what many 00:14:26.380 --> 00:14:28.800 align:start position:0% transaction failed wasting gas what many people<00:14:26.530> don't<00:14:26.830> know<00:14:26.980> is<00:14:27.100> that<00:14:27.520> a<00:14:27.730> new<00:14:28.180> back<00:14:28.600> in 00:14:28.800 --> 00:14:28.810 align:start position:0% people don't know is that a new back in 00:14:28.810 --> 00:14:30.690 align:start position:0% people don't know is that a new back in front<00:14:29.170> end<00:14:29.350> for<00:14:29.530> ether<00:14:29.740> Delta<00:14:30.100> went<00:14:30.280> out<00:14:30.430> the 00:14:30.690 --> 00:14:30.700 align:start position:0% front end for ether Delta went out the 00:14:30.700 --> 00:14:32.970 align:start position:0% front end for ether Delta went out the day<00:14:30.850> after<00:14:31.060> Byzantium<00:14:31.960> and<00:14:32.140> so<00:14:32.410> also<00:14:32.740> the 00:14:32.970 --> 00:14:32.980 align:start position:0% day after Byzantium and so also the 00:14:32.980 --> 00:14:36.110 align:start position:0% day after Byzantium and so also the front<00:14:33.310> end<00:14:33.520> itself<00:14:33.850> is<00:14:34.120> a<00:14:34.150> lot<00:14:34.390> more<00:14:34.600> live 00:14:36.110 --> 00:14:36.120 align:start position:0% front end itself is a lot more live 00:14:36.120 --> 00:14:38.880 align:start position:0% front end itself is a lot more live prior<00:14:37.120> to<00:14:37.390> this<00:14:37.510> update<00:14:37.620> you<00:14:38.620> may<00:14:38.770> have 00:14:38.880 --> 00:14:38.890 align:start position:0% prior to this update you may have 00:14:38.890 --> 00:14:40.290 align:start position:0% prior to this update you may have noticed<00:14:39.250> that<00:14:39.310> the<00:14:39.520> order<00:14:39.730> book<00:14:39.910> was<00:14:40.120> on<00:14:40.150> the 00:14:40.290 --> 00:14:40.300 align:start position:0% noticed that the order book was on the 00:14:40.300 --> 00:14:44.040 align:start position:0% noticed that the order book was on the 60-second<00:14:41.200> refresh<00:14:41.560> cycle<00:14:42.090> which<00:14:43.090> was<00:14:43.270> pretty 00:14:44.040 --> 00:14:44.050 align:start position:0% 60-second refresh cycle which was pretty 00:14:44.050 --> 00:14:46.440 align:start position:0% 60-second refresh cycle which was pretty unbearable<00:14:44.350> at<00:14:44.680> times<00:14:44.880> now<00:14:45.880> the<00:14:45.940> order<00:14:46.180> book 00:14:46.440 --> 00:14:46.450 align:start position:0% unbearable at times now the order book 00:14:46.450 --> 00:14:49.320 align:start position:0% unbearable at times now the order book is<00:14:47.130> real-time<00:14:48.130> and<00:14:48.490> streaming<00:14:48.970> into<00:14:49.300> the 00:14:49.320 --> 00:14:49.330 align:start position:0% is real-time and streaming into the 00:14:49.330 --> 00:14:51.660 align:start position:0% is real-time and streaming into the front<00:14:49.630> end<00:14:49.840> and<00:14:50.080> so<00:14:50.260> you<00:14:51.040> shouldn't<00:14:51.310> have<00:14:51.460> the 00:14:51.660 --> 00:14:51.670 align:start position:0% front end and so you shouldn't have the 00:14:51.670 --> 00:14:53.520 align:start position:0% front end and so you shouldn't have the situation<00:14:52.120> anymore<00:14:52.690> where<00:14:52.990> there<00:14:53.200> are<00:14:53.290> sale 00:14:53.520 --> 00:14:53.530 align:start position:0% situation anymore where there are sale 00:14:53.530 --> 00:14:56.010 align:start position:0% situation anymore where there are sale orders<00:14:54.000> and<00:14:55.000> you<00:14:55.210> can't<00:14:55.420> really<00:14:55.570> get<00:14:55.690> a<00:14:55.750> sense 00:14:56.010 --> 00:14:56.020 align:start position:0% orders and you can't really get a sense 00:14:56.020 --> 00:14:58.110 align:start position:0% orders and you can't really get a sense of<00:14:56.140> where<00:14:56.320> the<00:14:56.410> real<00:14:56.560> price<00:14:57.040> is<00:14:57.250> so<00:14:58.030> the 00:14:58.110 --> 00:14:58.120 align:start position:0% of where the real price is so the 00:14:58.120 --> 00:14:59.400 align:start position:0% of where the real price is so the remaining<00:14:58.360> bottleneck<00:14:58.870> here<00:14:59.050> is<00:14:59.200> really 00:14:59.400 --> 00:14:59.410 align:start position:0% remaining bottleneck here is really 00:14:59.410 --> 00:15:03.270 align:start position:0% remaining bottleneck here is really aetherium<00:15:00.220> itself<00:15:00.700> if<00:15:01.150> ether<00:15:01.960> Delta<00:15:02.350> gets<00:15:03.100> the 00:15:03.270 --> 00:15:03.280 align:start position:0% aetherium itself if ether Delta gets the 00:15:03.280 --> 00:15:04.950 align:start position:0% aetherium itself if ether Delta gets the same<00:15:03.520> level<00:15:04.120> of<00:15:04.240> growth<00:15:04.480> that<00:15:04.510> it<00:15:04.840> has 00:15:04.950 --> 00:15:04.960 align:start position:0% same level of growth that it has 00:15:04.960 --> 00:15:06.660 align:start position:0% same level of growth that it has received<00:15:05.140> since 00:15:06.660 --> 00:15:06.670 align:start position:0% received since 00:15:06.670 --> 00:15:09.120 align:start position:0% received since since<00:15:07.060> the<00:15:07.180> beginning<00:15:07.270> if<00:15:07.720> more<00:15:08.320> dap<00:15:08.740> start 00:15:09.120 --> 00:15:09.130 align:start position:0% since the beginning if more dap start 00:15:09.130 --> 00:15:10.980 align:start position:0% since the beginning if more dap start coming<00:15:09.430> online<00:15:09.580> and<00:15:09.940> pushing<00:15:10.360> significant 00:15:10.980 --> 00:15:10.990 align:start position:0% coming online and pushing significant 00:15:10.990 --> 00:15:15.240 align:start position:0% coming online and pushing significant transaction<00:15:11.680> volume<00:15:12.040> then<00:15:13.680> the<00:15:14.680> ether<00:15:14.950> delta 00:15:15.240 --> 00:15:15.250 align:start position:0% transaction volume then the ether delta 00:15:15.250 --> 00:15:16.620 align:start position:0% transaction volume then the ether delta could<00:15:15.430> be<00:15:15.580> in<00:15:15.640> the<00:15:15.730> same<00:15:15.880> spot<00:15:16.180> again<00:15:16.210> where 00:15:16.620 --> 00:15:16.630 align:start position:0% could be in the same spot again where 00:15:16.630 --> 00:15:18.090 align:start position:0% could be in the same spot again where there<00:15:16.780> are<00:15:16.900> lots<00:15:17.080> of<00:15:17.170> pending<00:15:17.500> transactions 00:15:18.090 --> 00:15:18.100 align:start position:0% there are lots of pending transactions 00:15:18.100 --> 00:15:21.420 align:start position:0% there are lots of pending transactions and<00:15:18.310> you<00:15:18.340> can't<00:15:18.610> get<00:15:18.700> a<00:15:18.760> trade<00:15:19.030> done<00:15:19.240> and<00:15:20.110> so<00:15:20.530> at 00:15:21.420 --> 00:15:21.430 align:start position:0% and you can't get a trade done and so at 00:15:21.430 --> 00:15:23.340 align:start position:0% and you can't get a trade done and so at this<00:15:21.610> point<00:15:21.820> ether<00:15:22.060> Delta<00:15:22.390> is<00:15:22.450> depending<00:15:22.960> on<00:15:23.080> a 00:15:23.340 --> 00:15:23.350 align:start position:0% this point ether Delta is depending on a 00:15:23.350 --> 00:15:25.500 align:start position:0% this point ether Delta is depending on a theorem<00:15:23.740> itself<00:15:23.980> to<00:15:24.310> to<00:15:24.760> scale<00:15:25.000> to<00:15:25.180> the<00:15:25.270> next 00:15:25.500 --> 00:15:25.510 align:start position:0% theorem itself to to scale to the next 00:15:25.510 --> 00:15:27.720 align:start position:0% theorem itself to to scale to the next level<00:15:25.810> if<00:15:26.050> things<00:15:26.770> continue<00:15:26.980> as<00:15:27.310> they've<00:15:27.610> been 00:15:27.720 --> 00:15:27.730 align:start position:0% level if things continue as they've been 00:15:27.730 --> 00:15:30.360 align:start position:0% level if things continue as they've been going<00:15:28.320> so<00:15:29.320> along<00:15:29.560> with<00:15:29.590> this<00:15:29.830> back-end<00:15:30.280> in 00:15:30.360 --> 00:15:30.370 align:start position:0% going so along with this back-end in 00:15:30.370 --> 00:15:33.300 align:start position:0% going so along with this back-end in front<00:15:30.610> and<00:15:30.760> update<00:15:31.060> there's<00:15:31.300> a<00:15:31.360> new<00:15:31.540> API<00:15:32.310> there 00:15:33.300 --> 00:15:33.310 align:start position:0% front and update there's a new API there 00:15:33.310 --> 00:15:36.330 align:start position:0% front and update there's a new API there was<00:15:33.460> an<00:15:33.580> old<00:15:33.760> rest-based<00:15:34.360> API<00:15:34.870> that<00:15:35.340> people 00:15:36.330 --> 00:15:36.340 align:start position:0% was an old rest-based API that people 00:15:36.340 --> 00:15:39.200 align:start position:0% was an old rest-based API that people were<00:15:36.460> using<00:15:36.700> to<00:15:37.150> do<00:15:37.660> trays<00:15:37.960> to<00:15:38.260> present<00:15:38.620> data 00:15:39.200 --> 00:15:39.210 align:start position:0% were using to do trays to present data 00:15:39.210 --> 00:15:42.420 align:start position:0% were using to do trays to present data the<00:15:40.210> new<00:15:40.420> socket<00:15:40.960> based<00:15:41.320> real-time<00:15:41.830> API 00:15:42.420 --> 00:15:42.430 align:start position:0% the new socket based real-time API 00:15:42.430 --> 00:15:44.340 align:start position:0% the new socket based real-time API should<00:15:42.880> make<00:15:43.300> it<00:15:43.450> much<00:15:43.570> easier<00:15:43.600> to<00:15:43.990> build 00:15:44.340 --> 00:15:44.350 align:start position:0% should make it much easier to build 00:15:44.350 --> 00:15:46.290 align:start position:0% should make it much easier to build things<00:15:44.770> like<00:15:44.920> trading<00:15:45.340> BOTS<00:15:45.490> on<00:15:45.760> top<00:15:45.940> of<00:15:46.150> the 00:15:46.290 --> 00:15:46.300 align:start position:0% things like trading BOTS on top of the 00:15:46.300 --> 00:15:49.170 align:start position:0% things like trading BOTS on top of the ether<00:15:46.810> Delta<00:15:47.110> API<00:15:47.410> or<00:15:48.370> things<00:15:48.670> that<00:15:48.760> can<00:15:48.970> work 00:15:49.170 --> 00:15:49.180 align:start position:0% ether Delta API or things that can work 00:15:49.180 --> 00:15:51.750 align:start position:0% ether Delta API or things that can work with<00:15:49.330> the<00:15:49.450> data<00:15:49.570> and<00:15:49.960> display<00:15:50.760> interesting 00:15:51.750 --> 00:15:51.760 align:start position:0% with the data and display interesting 00:15:51.760 --> 00:15:54.990 align:start position:0% with the data and display interesting graphs<00:15:52.210> or<00:15:52.420> things<00:15:52.600> like<00:15:52.780> that<00:15:52.990> so<00:15:53.980> there<00:15:54.880> are 00:15:54.990 --> 00:15:55.000 align:start position:0% graphs or things like that so there are 00:15:55.000 --> 00:15:56.760 align:start position:0% graphs or things like that so there are two<00:15:55.150> examples<00:15:55.720> on<00:15:55.960> the<00:15:56.110> github<00:15:56.290> there's<00:15:56.710> a 00:15:56.760 --> 00:15:56.770 align:start position:0% two examples on the github there's a 00:15:56.770 --> 00:16:00.600 align:start position:0% two examples on the github there's a maker<00:15:57.070> Jas<00:15:57.700> and<00:15:57.730> a<00:15:58.030> taker<00:15:58.240> is<00:15:58.690> the<00:15:59.500> maker<00:16:00.040> Jas 00:16:00.600 --> 00:16:00.610 align:start position:0% maker Jas and a taker is the maker Jas 00:16:00.610 --> 00:16:02.820 align:start position:0% maker Jas and a taker is the maker Jas is<00:16:00.820> an<00:16:00.940> example<00:16:01.240> of<00:16:01.540> how<00:16:01.750> you<00:16:01.810> can<00:16:02.140> use<00:16:02.380> the<00:16:02.560> API 00:16:02.820 --> 00:16:02.830 align:start position:0% is an example of how you can use the API 00:16:02.830 --> 00:16:05.280 align:start position:0% is an example of how you can use the API to<00:16:02.980> add<00:16:03.370> liquidity<00:16:03.970> meaning<00:16:04.690> if<00:16:04.780> you<00:16:04.930> want<00:16:05.110> to 00:16:05.280 --> 00:16:05.290 align:start position:0% to add liquidity meaning if you want to 00:16:05.290 --> 00:16:08.880 align:start position:0% to add liquidity meaning if you want to start<00:16:05.590> market<00:16:06.190> making<00:16:06.750> it<00:16:07.750> by<00:16:08.200> placing<00:16:08.650> orders 00:16:08.880 --> 00:16:08.890 align:start position:0% start market making it by placing orders 00:16:08.890 --> 00:16:10.170 align:start position:0% start market making it by placing orders in<00:16:09.010> the<00:16:09.100> order<00:16:09.280> book<00:16:09.460> in<00:16:09.730> an<00:16:09.880> automated 00:16:10.170 --> 00:16:10.180 align:start position:0% in the order book in an automated 00:16:10.180 --> 00:16:12.840 align:start position:0% in the order book in an automated fashion<00:16:10.410> maker<00:16:11.410> Jas<00:16:11.950> is<00:16:12.130> an<00:16:12.220> example<00:16:12.670> of<00:16:12.760> how 00:16:12.840 --> 00:16:12.850 align:start position:0% fashion maker Jas is an example of how 00:16:12.850 --> 00:16:15.360 align:start position:0% fashion maker Jas is an example of how you<00:16:12.910> can<00:16:13.120> do<00:16:13.270> that<00:16:13.470> and<00:16:14.470> then<00:16:14.680> secondly<00:16:15.100> take 00:16:15.360 --> 00:16:15.370 align:start position:0% you can do that and then secondly take 00:16:15.370 --> 00:16:19.110 align:start position:0% you can do that and then secondly take our<00:16:15.490> Dutch<00:16:15.610> is<00:16:15.820> as<00:16:16.210> if<00:16:16.390> you<00:16:16.570> want<00:16:16.930> to<00:16:18.120> create 00:16:19.110 --> 00:16:19.120 align:start position:0% our Dutch is as if you want to create 00:16:19.120 --> 00:16:21.930 align:start position:0% our Dutch is as if you want to create trades<00:16:19.780> through<00:16:20.320> the<00:16:20.500> smart<00:16:21.220> contract<00:16:21.370> itself 00:16:21.930 --> 00:16:21.940 align:start position:0% trades through the smart contract itself 00:16:21.940 --> 00:16:24.000 align:start position:0% trades through the smart contract itself there's<00:16:22.840> an<00:16:22.990> example<00:16:23.410> of<00:16:23.500> how<00:16:23.590> you<00:16:23.650> can<00:16:23.890> do 00:16:24.000 --> 00:16:24.010 align:start position:0% there's an example of how you can do 00:16:24.010 --> 00:16:26.160 align:start position:0% there's an example of how you can do that<00:16:24.160> so<00:16:24.520> maybe<00:16:24.790> if<00:16:24.970> you<00:16:25.090> want<00:16:25.270> to<00:16:25.510> build<00:16:25.870> a<00:16:25.990> bot 00:16:26.160 --> 00:16:26.170 align:start position:0% that so maybe if you want to build a bot 00:16:26.170 --> 00:16:28.650 align:start position:0% that so maybe if you want to build a bot that<00:16:26.410> does<00:16:26.590> both<00:16:26.830> making<00:16:27.220> and<00:16:27.550> taking<00:16:27.970> to 00:16:28.650 --> 00:16:28.660 align:start position:0% that does both making and taking to 00:16:28.660 --> 00:16:30.510 align:start position:0% that does both making and taking to potentially<00:16:29.200> do<00:16:29.320> arbitrage<00:16:29.800> is<00:16:30.010> between 00:16:30.510 --> 00:16:30.520 align:start position:0% potentially do arbitrage is between 00:16:30.520 --> 00:16:33.990 align:start position:0% potentially do arbitrage is between ether<00:16:31.210> Delta<00:16:31.540> order<00:16:31.810> books<00:16:32.050> or<00:16:32.470> other<00:16:33.000> trading 00:16:33.990 --> 00:16:34.000 align:start position:0% ether Delta order books or other trading 00:16:34.000 --> 00:16:38.430 align:start position:0% ether Delta order books or other trading platforms<00:16:34.620> for<00:16:35.620> these<00:16:35.740> different<00:16:36.040> tokens<00:16:37.440> and 00:16:38.430 --> 00:16:38.440 align:start position:0% platforms for these different tokens and 00:16:38.440 --> 00:16:40.260 align:start position:0% platforms for these different tokens and those<00:16:38.740> are<00:16:38.890> of<00:16:38.980> course<00:16:39.100> available<00:16:39.340> on<00:16:39.850> the 00:16:40.260 --> 00:16:40.270 align:start position:0% those are of course available on the 00:16:40.270 --> 00:16:42.510 align:start position:0% those are of course available on the github<00:16:40.630> and<00:16:40.840> there's<00:16:40.990> also<00:16:41.200> a<00:16:41.520> document 00:16:42.510 --> 00:16:42.520 align:start position:0% github and there's also a document 00:16:42.520 --> 00:16:47.970 align:start position:0% github and there's also a document describing<00:16:42.970> the<00:16:43.480> API<00:16:44.350> and<00:16:44.830> there<00:16:45.790> is<00:16:45.910> also<00:16:46.980> the 00:16:47.970 --> 00:16:47.980 align:start position:0% describing the API and there is also the 00:16:47.980 --> 00:16:50.790 align:start position:0% describing the API and there is also the the<00:16:48.340> examples<00:16:48.820> are<00:16:48.970> in<00:16:49.089> no<00:16:49.300> js'<00:16:49.720> if<00:16:50.020> you<00:16:50.620> are 00:16:50.790 --> 00:16:50.800 align:start position:0% the examples are in no js' if you are 00:16:50.800 --> 00:16:52.740 align:start position:0% the examples are in no js' if you are interested<00:16:51.400> in<00:16:51.640> getting<00:16:52.060> those<00:16:52.360> examples 00:16:52.740 --> 00:16:52.750 align:start position:0% interested in getting those examples 00:16:52.750 --> 00:16:54.690 align:start position:0% interested in getting those examples ported<00:16:53.470> to<00:16:53.500> other<00:16:53.830> languages<00:16:54.190> there<00:16:54.580> are<00:16:54.610> a 00:16:54.690 --> 00:16:54.700 align:start position:0% ported to other languages there are a 00:16:54.700 --> 00:16:56.400 align:start position:0% ported to other languages there are a couple<00:16:54.880> of<00:16:55.089> bounties<00:16:55.510> support<00:16:55.990> them<00:16:56.170> to 00:16:56.400 --> 00:16:56.410 align:start position:0% couple of bounties support them to 00:16:56.410 --> 00:16:58.980 align:start position:0% couple of bounties support them to c-sharp<00:16:56.830> and<00:16:57.280> python<00:16:57.660> those<00:16:58.660> are<00:16:58.780> the<00:16:58.839> two 00:16:58.980 --> 00:16:58.990 align:start position:0% c-sharp and python those are the two 00:16:58.990 --> 00:17:00.420 align:start position:0% c-sharp and python those are the two most<00:16:59.140> popular<00:16:59.350> languages<00:16:59.920> the<00:17:00.070> people<00:17:00.339> are 00:17:00.420 --> 00:17:00.430 align:start position:0% most popular languages the people are 00:17:00.430 --> 00:17:02.490 align:start position:0% most popular languages the people are asking<00:17:00.700> questions<00:17:00.760> about<00:17:01.180> how<00:17:01.480> they<00:17:01.630> can<00:17:01.839> do 00:17:02.490 --> 00:17:02.500 align:start position:0% asking questions about how they can do 00:17:02.500 --> 00:17:04.260 align:start position:0% asking questions about how they can do the<00:17:02.650> same<00:17:02.890> thing<00:17:03.160> in<00:17:03.460> a<00:17:03.730> language<00:17:04.060> of<00:17:04.180> their 00:17:04.260 --> 00:17:04.270 align:start position:0% the same thing in a language of their 00:17:04.270 --> 00:17:08.189 align:start position:0% the same thing in a language of their choice<00:17:06.300> so<00:17:07.300> that's<00:17:07.449> all<00:17:07.600> I<00:17:07.630> have<00:17:07.839> thank<00:17:07.870> you 00:17:08.189 --> 00:17:08.199 align:start position:0% choice so that's all I have thank you 00:17:08.199 --> 00:17:09.750 align:start position:0% choice so that's all I have thank you for<00:17:08.620> listening 00:17:09.750 --> 00:17:09.760 align:start position:0% for listening 00:17:09.760 --> 00:17:10.240 align:start position:0% for listening [Applause] 00:17:10.240 --> 00:17:10.250 align:start position:0% [Applause] 00:17:10.250 --> 00:17:12.730 align:start position:0% [Applause] [Music] 00:17:12.730 --> 00:17:12.740 align:start position:0% [Music] 00:17:12.740 --> 00:17:17.059 align:start position:0% [Music] [Applause] 00:17:17.059 --> 00:17:17.069 align:start position:0% 00:17:17.069 --> 00:17:24.649 align:start position:0% [Music]