WEBVTT Kind: captions Language: en 00:00:00.149 --> 00:00:02.210 align:start position:0% my<00:00:00.599> name<00:00:00.750> is<00:00:00.870> Syd<00:00:01.079> I'm<00:00:01.319> the<00:00:01.560> product<00:00:01.949> Li<00:00:02.070> that 00:00:02.210 --> 00:00:02.220 align:start position:0% my name is Syd I'm the product Li that 00:00:02.220 --> 00:00:04.730 align:start position:0% my name is Syd I'm the product Li that coinbase<00:00:02.669> wallet<00:00:03.179> and<00:00:03.410> you<00:00:04.410> know<00:00:04.500> today<00:00:04.710> I 00:00:04.730 --> 00:00:04.740 align:start position:0% coinbase wallet and you know today I 00:00:04.740 --> 00:00:05.780 align:start position:0% coinbase wallet and you know today I want<00:00:04.920> to<00:00:04.980> talk<00:00:05.100> to<00:00:05.190> you<00:00:05.250> guys<00:00:05.370> about<00:00:05.490> the<00:00:05.670> apps 00:00:05.780 --> 00:00:05.790 align:start position:0% want to talk to you guys about the apps 00:00:05.790 --> 00:00:08.509 align:start position:0% want to talk to you guys about the apps right<00:00:06.060> and<00:00:06.270> specifically<00:00:06.980> what<00:00:07.980> is<00:00:08.130> dappered 00:00:08.509 --> 00:00:08.519 align:start position:0% right and specifically what is dappered 00:00:08.519 --> 00:00:11.089 align:start position:0% right and specifically what is dappered option<00:00:08.910> looked<00:00:09.090> like<00:00:09.300> and<00:00:09.630> what<00:00:10.530> can<00:00:10.679> we<00:00:10.800> do<00:00:10.950> to 00:00:11.089 --> 00:00:11.099 align:start position:0% option looked like and what can we do to 00:00:11.099 --> 00:00:13.820 align:start position:0% option looked like and what can we do to get<00:00:11.280> to<00:00:11.519> where<00:00:11.730> we<00:00:11.849> are<00:00:11.880> today<00:00:12.030> and<00:00:12.650> to<00:00:13.650> a<00:00:13.679> new 00:00:13.820 --> 00:00:13.830 align:start position:0% get to where we are today and to a new 00:00:13.830 --> 00:00:15.079 align:start position:0% get to where we are today and to a new world<00:00:14.070> where<00:00:14.250> there's<00:00:14.460> millions<00:00:14.849> of<00:00:14.969> users 00:00:15.079 --> 00:00:15.089 align:start position:0% world where there's millions of users 00:00:15.089 --> 00:00:17.480 align:start position:0% world where there's millions of users using<00:00:15.509> the<00:00:15.660> apps<00:00:15.809> so<00:00:16.529> let's<00:00:17.100> just<00:00:17.250> kick<00:00:17.369> off 00:00:17.480 --> 00:00:17.490 align:start position:0% using the apps so let's just kick off 00:00:17.490 --> 00:00:19.070 align:start position:0% using the apps so let's just kick off with<00:00:17.760> that<00:00:17.910> right<00:00:18.150> like<00:00:18.270> decentralized<00:00:18.840> apps 00:00:19.070 --> 00:00:19.080 align:start position:0% with that right like decentralized apps 00:00:19.080 --> 00:00:22.070 align:start position:0% with that right like decentralized apps like<00:00:19.380> here<00:00:19.770> we<00:00:19.890> are<00:00:20.070> the<00:00:20.430> biggest<00:00:21.080> developer 00:00:22.070 --> 00:00:22.080 align:start position:0% like here we are the biggest developer 00:00:22.080 --> 00:00:23.599 align:start position:0% like here we are the biggest developer conference<00:00:22.560> for<00:00:22.769> what<00:00:22.920> might<00:00:23.130> be<00:00:23.310> the<00:00:23.430> most 00:00:23.599 --> 00:00:23.609 align:start position:0% conference for what might be the most 00:00:23.609 --> 00:00:26.210 align:start position:0% conference for what might be the most promising<00:00:24.359> smart<00:00:25.230> contract<00:00:25.680> platform<00:00:26.130> in 00:00:26.210 --> 00:00:26.220 align:start position:0% promising smart contract platform in 00:00:26.220 --> 00:00:29.029 align:start position:0% promising smart contract platform in history<00:00:26.250> and<00:00:26.900> we<00:00:27.900> all<00:00:28.050> think<00:00:28.380> that<00:00:28.500> I<00:00:28.710> think<00:00:28.949> we 00:00:29.029 --> 00:00:29.039 align:start position:0% history and we all think that I think we 00:00:29.039 --> 00:00:30.439 align:start position:0% history and we all think that I think we all<00:00:29.160> believe<00:00:29.429> that<00:00:29.460> the<00:00:29.699> apps<00:00:29.820> are<00:00:30.029> the<00:00:30.119> future 00:00:30.439 --> 00:00:30.449 align:start position:0% all believe that the apps are the future 00:00:30.449 --> 00:00:32.810 align:start position:0% all believe that the apps are the future of<00:00:30.570> how<00:00:30.769> consumers<00:00:31.769> will<00:00:31.949> experience<00:00:32.460> crypto 00:00:32.810 --> 00:00:32.820 align:start position:0% of how consumers will experience crypto 00:00:32.820 --> 00:00:35.420 align:start position:0% of how consumers will experience crypto right<00:00:33.059> it's<00:00:33.480> a<00:00:33.660> it's<00:00:34.170> a<00:00:34.320> packaged<00:00:34.950> product 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all share this excitement 00:00:42.629 --> 00:00:44.240 align:start position:0% and so we all share this excitement right<00:00:42.989> if<00:00:43.110> you<00:00:43.170> look<00:00:43.290> at<00:00:43.410> this<00:00:43.530> chart<00:00:43.770> I<00:00:44.040> think 00:00:44.240 --> 00:00:44.250 align:start position:0% right if you look at this chart I think 00:00:44.250 --> 00:00:45.139 align:start position:0% right if you look at this chart I think some<00:00:44.370> of<00:00:44.399> you<00:00:44.550> may<00:00:44.640> have<00:00:44.700> seen<00:00:44.760> this<00:00:45.000> before 00:00:45.139 --> 00:00:45.149 align:start position:0% some of you may have seen this before 00:00:45.149 --> 00:00:47.600 align:start position:0% some of you may have seen this before but<00:00:45.570> the<00:00:46.530> numbers<00:00:46.920> and<00:00:47.100> the<00:00:47.160> adoption<00:00:47.550> has 00:00:47.600 --> 00:00:47.610 align:start position:0% but the numbers and the adoption has 00:00:47.610 --> 00:00:49.819 align:start position:0% but the numbers and the adoption has been<00:00:47.670> staggering<00:00:48.030> the<00:00:48.300> the<00:00:49.079> shirin<00:00:49.379> amount<00:00:49.710> of 00:00:49.819 --> 00:00:49.829 align:start position:0% been staggering the the shirin amount of 00:00:49.829 --> 00:00:51.290 align:start position:0% been staggering the the shirin amount of building<00:00:50.160> that's<00:00:50.340> been<00:00:50.489> happening<00:00:50.640> right 00:00:51.290 --> 00:00:51.300 align:start position:0% building that's been happening right 00:00:51.300 --> 00:00:54.650 align:start position:0% building that's been happening right we're<00:00:51.510> almost<00:00:51.770> 20,000<00:00:52.770> eath<00:00:52.980> related<00:00:53.660> github 00:00:54.650 --> 00:00:54.660 align:start position:0% we're almost 20,000 eath related github 00:00:54.660 --> 00:00:56.630 align:start position:0% we're almost 20,000 eath related github repos<00:00:55.020> and<00:00:55.230> that's<00:00:55.829> that's<00:00:56.129> amazing<00:00:56.520> that 00:00:56.630 --> 00:00:56.640 align:start position:0% repos and that's that's amazing that 00:00:56.640 --> 00:00:58.340 align:start position:0% repos and that's that's amazing that kind<00:00:56.789> of<00:00:56.820> adoption<00:00:57.300> curve<00:00:57.480> does<00:00:57.809> not<00:00:57.989> happen 00:00:58.340 --> 00:00:58.350 align:start position:0% kind of adoption curve does not happen 00:00:58.350 --> 00:01:01.029 align:start position:0% kind of adoption curve does not happen very<00:00:58.890> often<00:00:59.160> and<00:00:59.520> it's<00:01:00.210> the<00:01:00.420> same<00:01:00.600> story<00:01:00.840> with 00:01:01.029 --> 00:01:01.039 align:start position:0% very often and it's the same story with 00:01:01.039 --> 00:01:04.009 align:start position:0% very often and it's the same story with gaps<00:01:02.039> right<00:01:02.640> we've<00:01:03.090> steadily<00:01:03.449> seen<00:01:03.870> the 00:01:04.009 --> 00:01:04.019 align:start position:0% gaps right we've steadily seen the 00:01:04.019 --> 00:01:05.500 align:start position:0% gaps right we've steadily seen the number<00:01:04.199> of<00:01:04.320> gaps<00:01:04.500> increasing 00:01:05.500 --> 00:01:05.510 align:start position:0% number of gaps increasing 00:01:05.510 --> 00:01:07.490 align:start position:0% number of gaps increasing quarter-on-quarter<00:01:06.510> just<00:01:06.869> been<00:01:07.049> like<00:01:07.200> steady 00:01:07.490 --> 00:01:07.500 align:start position:0% quarter-on-quarter just been like steady 00:01:07.500 --> 00:01:09.050 align:start position:0% quarter-on-quarter just been like steady growth<00:01:07.740> and<00:01:07.979> from<00:01:08.460> all<00:01:08.610> of<00:01:08.729> our<00:01:08.850> conversations 00:01:09.050 --> 00:01:09.060 align:start position:0% growth and from all of our conversations 00:01:09.060 --> 00:01:11.359 align:start position:0% growth and from all of our conversations in<00:01:09.570> the<00:01:09.659> ecosystem<00:01:10.260> it's<00:01:10.799> clear<00:01:11.070> that<00:01:11.100> this 00:01:11.359 --> 00:01:11.369 align:start position:0% in the ecosystem it's clear that this 00:01:11.369 --> 00:01:12.950 align:start position:0% in the ecosystem it's clear that this piece<00:01:11.670> is<00:01:11.700> not<00:01:12.090> gonna<00:01:12.299> is<00:01:12.570> only<00:01:12.720> going<00:01:12.869> to 00:01:12.950 --> 00:01:12.960 align:start position:0% piece is not gonna is only going to 00:01:12.960 --> 00:01:14.660 align:start position:0% piece is not gonna is only going to improve<00:01:13.020> from<00:01:13.380> here<00:01:13.560> and<00:01:13.740> this<00:01:14.189> turns<00:01:14.460> more 00:01:14.660 --> 00:01:14.670 align:start position:0% improve from here and this turns more 00:01:14.670 --> 00:01:16.640 align:start position:0% improve from here and this turns more DAPs<00:01:14.909> in<00:01:15.240> the<00:01:15.330> pipeline<00:01:15.720> that<00:01:16.229> are<00:01:16.350> about<00:01:16.500> to 00:01:16.640 --> 00:01:16.650 align:start position:0% DAPs in the pipeline that are about to 00:01:16.650 --> 00:01:19.969 align:start position:0% DAPs in the pipeline that are about to get<00:01:16.740> launched<00:01:17.100> but<00:01:17.930> when<00:01:18.930> you<00:01:19.049> look<00:01:19.200> at<00:01:19.380> actual 00:01:19.969 --> 00:01:19.979 align:start position:0% get launched but when you look at actual 00:01:19.979 --> 00:01:21.830 align:start position:0% get launched but when you look at actual adoption<00:01:20.250> and<00:01:20.610> traction<00:01:20.850> right<00:01:21.210> like<00:01:21.390> the 00:01:21.830 --> 00:01:21.840 align:start position:0% adoption and traction right like the 00:01:21.840 --> 00:01:24.740 align:start position:0% adoption and traction right like the number<00:01:22.140> of<00:01:22.229> users<00:01:22.650> using<00:01:23.009> crypto<00:01:23.540> that<00:01:24.540> hasn't 00:01:24.740 --> 00:01:24.750 align:start position:0% number of users using crypto that hasn't 00:01:24.750 --> 00:01:27.550 align:start position:0% number of users using crypto that hasn't really<00:01:24.900> taken<00:01:25.170> off<00:01:25.409> and<00:01:25.740> so<00:01:26.100> you<00:01:26.700> know<00:01:26.790> that's 00:01:27.550 --> 00:01:27.560 align:start position:0% really taken off and so you know that's 00:01:27.560 --> 00:01:29.719 align:start position:0% really taken off and so you know that's 13,000<00:01:28.560> users<00:01:28.860> is<00:01:28.979> about<00:01:29.189> what<00:01:29.369> you<00:01:29.490> would<00:01:29.549> get 00:01:29.719 --> 00:01:29.729 align:start position:0% 13,000 users is about what you would get 00:01:29.729 --> 00:01:31.999 align:start position:0% 13,000 users is about what you would get from<00:01:30.030> like<00:01:30.750> a<00:01:30.780> second<00:01:31.229> tier<00:01:31.350> app<00:01:31.590> in<00:01:31.770> the<00:01:31.890> App 00:01:31.999 --> 00:01:32.009 align:start position:0% from like a second tier app in the App 00:01:32.009 --> 00:01:33.800 align:start position:0% from like a second tier app in the App Store<00:01:32.040> right<00:01:32.280> it's<00:01:32.579> not<00:01:32.670> across<00:01:33.390> the<00:01:33.479> entire 00:01:33.800 --> 00:01:33.810 align:start position:0% Store right it's not across the entire 00:01:33.810 --> 00:01:35.990 align:start position:0% Store right it's not across the entire ecosystem<00:01:34.079> and<00:01:34.619> it's<00:01:35.189> the<00:01:35.280> same<00:01:35.430> story<00:01:35.729> with 00:01:35.990 --> 00:01:36.000 align:start position:0% ecosystem and it's the same story with 00:01:36.000 --> 00:01:38.240 align:start position:0% ecosystem and it's the same story with each<00:01:36.960> transaction<00:01:37.500> volumes<00:01:37.979> right<00:01:38.100> like 00:01:38.240 --> 00:01:38.250 align:start position:0% each transaction volumes right like 00:01:38.250 --> 00:01:41.410 align:start position:0% each transaction volumes right like daily<00:01:38.520> daffy<00:01:38.700> volumes<00:01:39.119> are<00:01:39.390> are<00:01:39.810> tiny<00:01:40.229> and<00:01:40.500> so 00:01:41.410 --> 00:01:41.420 align:start position:0% daily daffy volumes are are tiny and so 00:01:41.420 --> 00:01:44.149 align:start position:0% daily daffy volumes are are tiny and so what's<00:01:42.420> going<00:01:42.659> on<00:01:42.780> right<00:01:42.990> this<00:01:43.229> is<00:01:43.380> not<00:01:43.590> this 00:01:44.149 --> 00:01:44.159 align:start position:0% what's going on right this is not this 00:01:44.159 --> 00:01:45.800 align:start position:0% what's going on right this is not this is<00:01:44.220> not<00:01:44.399> good<00:01:44.610> at<00:01:44.759> all<00:01:44.790> like<00:01:45.119> what's<00:01:45.299> what's 00:01:45.800 --> 00:01:45.810 align:start position:0% is not good at all like what's what's 00:01:45.810 --> 00:01:47.420 align:start position:0% is not good at all like what's what's happening<00:01:45.899> like<00:01:46.710> on<00:01:46.829> the<00:01:46.920> one<00:01:47.070> hand<00:01:47.250> you<00:01:47.399> have 00:01:47.420 --> 00:01:47.430 align:start position:0% happening like on the one hand you have 00:01:47.430 --> 00:01:49.639 align:start position:0% happening like on the one hand you have an<00:01:47.610> amazing<00:01:48.060> amount<00:01:48.990> of<00:01:49.110> innovation 00:01:49.639 --> 00:01:49.649 align:start position:0% an amazing amount of innovation 00:01:49.649 --> 00:01:51.560 align:start position:0% an amazing amount of innovation creativity<00:01:49.860> building<00:01:50.670> happening<00:01:51.090> this 00:01:51.560 --> 00:01:51.570 align:start position:0% creativity building happening this 00:01:51.570 --> 00:01:54.380 align:start position:0% creativity building happening this worldwide<00:01:52.229> movement<00:01:52.560> but<00:01:53.490> users<00:01:54.090> aren't 00:01:54.380 --> 00:01:54.390 align:start position:0% worldwide movement but users aren't 00:01:54.390 --> 00:01:57.020 align:start position:0% worldwide movement but users aren't biting<00:01:54.710> and<00:01:55.710> so<00:01:55.829> what's<00:01:56.369> going<00:01:56.490> wrong<00:01:56.729> what 00:01:57.020 --> 00:01:57.030 align:start position:0% biting and so what's going wrong what 00:01:57.030 --> 00:01:59.359 align:start position:0% biting and so what's going wrong what can<00:01:57.180> we<00:01:57.270> do<00:01:57.390> better<00:01:57.540> and<00:01:57.930> to<00:01:58.890> get<00:01:59.040> out<00:01:59.159> of<00:01:59.280> this 00:01:59.359 --> 00:01:59.369 align:start position:0% can we do better and to get out of this 00:01:59.369 --> 00:02:00.020 align:start position:0% can we do better and to get out of this situation 00:02:00.020 --> 00:02:00.030 align:start position:0% situation 00:02:00.030 --> 00:02:01.880 align:start position:0% situation so<00:02:00.540> before<00:02:00.960> we<00:02:01.049> before<00:02:01.320> we<00:02:01.439> dig<00:02:01.649> in<00:02:01.740> there 00:02:01.880 --> 00:02:01.890 align:start position:0% so before we before we dig in there 00:02:01.890 --> 00:02:03.109 align:start position:0% so before we before we dig in there though<00:02:02.040> like<00:02:02.250> why<00:02:02.399> do<00:02:02.460> I<00:02:02.579> care<00:02:02.850> right<00:02:02.969> like 00:02:03.109 --> 00:02:03.119 align:start position:0% though like why do I care right like 00:02:03.119 --> 00:02:05.359 align:start position:0% though like why do I care right like what's<00:02:03.810> the<00:02:04.020> what's<00:02:04.290> the<00:02:04.350> story<00:02:04.619> and<00:02:04.829> I've 00:02:05.359 --> 00:02:05.369 align:start position:0% what's the what's the story and I've 00:02:05.369 --> 00:02:06.649 align:start position:0% what's the what's the story and I've been<00:02:05.549> spending<00:02:05.729> the<00:02:05.880> last<00:02:05.939> year<00:02:06.240> working<00:02:06.450> on 00:02:06.649 --> 00:02:06.659 align:start position:0% been spending the last year working on 00:02:06.659 --> 00:02:09.020 align:start position:0% been spending the last year working on this<00:02:06.810> product<00:02:07.049> coinbase<00:02:07.469> wallet<00:02:07.950> some<00:02:08.819> of<00:02:08.940> you 00:02:09.020 --> 00:02:09.030 align:start position:0% this product coinbase wallet some of you 00:02:09.030 --> 00:02:11.360 align:start position:0% this product coinbase wallet some of you may<00:02:09.149> know<00:02:09.360> it<00:02:09.509> as<00:02:09.660> toshi<00:02:10.319> and<00:02:10.649> for<00:02:11.160> those<00:02:11.250> who 00:02:11.360 --> 00:02:11.370 align:start position:0% may know it as toshi and for those who 00:02:11.370 --> 00:02:12.710 align:start position:0% may know it as toshi and for those who don't<00:02:11.489> know<00:02:11.700> it<00:02:11.819> it's<00:02:11.940> a<00:02:12.090> it's<00:02:12.120> an<00:02:12.360> app<00:02:12.480> in<00:02:12.629> the 00:02:12.710 --> 00:02:12.720 align:start position:0% don't know it it's a it's an app in the 00:02:12.720 --> 00:02:13.300 align:start position:0% don't know it it's a it's an app in the App<00:02:12.840> Store 00:02:13.300 --> 00:02:13.310 align:start position:0% App Store 00:02:13.310 --> 00:02:14.830 align:start position:0% App Store and<00:02:13.400> the<00:02:13.730> place<00:02:13.910> tours<00:02:14.150> available<00:02:14.300> -<00:02:14.690> and<00:02:14.780> you 00:02:14.830 --> 00:02:14.840 align:start position:0% and the place tours available - and you 00:02:14.840 --> 00:02:17.350 align:start position:0% and the place tours available - and you want<00:02:14.989> to<00:02:15.080> download<00:02:15.260> and<00:02:15.620> we<00:02:16.220> are<00:02:16.400> a<00:02:16.670> user 00:02:17.350 --> 00:02:17.360 align:start position:0% want to download and we are a user 00:02:17.360 --> 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and<00:02:26.330> so<00:02:26.480> we<00:02:27.319> create 00:02:27.580 --> 00:02:27.590 align:start position:0% we're also def browser and so we create 00:02:27.590 --> 00:02:29.170 align:start position:0% we're also def browser and so we create a<00:02:27.620> bunch<00:02:27.800> of<00:02:27.890> gaps<00:02:28.069> and<00:02:28.310> we'll<00:02:28.670> support<00:02:28.849> any 00:02:29.170 --> 00:02:29.180 align:start position:0% a bunch of gaps and we'll support any 00:02:29.180 --> 00:02:32.140 align:start position:0% a bunch of gaps and we'll support any web<00:02:29.569> 3d<00:02:29.810> objects<00:02:30.230> based<00:02:30.500> app<00:02:30.830> and<00:02:31.099> so<00:02:31.970> it's<00:02:32.090> a 00:02:32.140 --> 00:02:32.150 align:start position:0% web 3d objects based app and so it's a 00:02:32.150 --> 00:02:34.570 align:start position:0% web 3d objects based app and so it's a really<00:02:32.360> you<00:02:32.660> know<00:02:32.750> easy<00:02:33.019> form<00:02:33.290> factor<00:02:33.709> and 00:02:34.570 --> 00:02:34.580 align:start position:0% really you know easy form factor and 00:02:34.580 --> 00:02:35.949 align:start position:0% really you know easy form factor and popular<00:02:34.940> around<00:02:35.060> the<00:02:35.180> world<00:02:35.239> to<00:02:35.690> be<00:02:35.780> able<00:02:35.840> to 00:02:35.949 --> 00:02:35.959 align:start position:0% popular around the world to be able to 00:02:35.959 --> 00:02:38.110 align:start position:0% popular around the world to be able to used<00:02:36.110> apps<00:02:36.319> on<00:02:36.500> mobile<00:02:36.700> we<00:02:37.700> were<00:02:37.819> the<00:02:37.910> first 00:02:38.110 --> 00:02:38.120 align:start position:0% used apps on mobile we were the first 00:02:38.120 --> 00:02:40.809 align:start position:0% used apps on mobile we were the first mobile<00:02:38.780> app<00:02:39.050> browser<00:02:39.319> where<00:02:39.680> we<00:02:39.830> we<00:02:40.430> featured 00:02:40.809 --> 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after that and at this point we feature<00:02:53.870> around<00:02:54.290> 87<00:02:55.100> apps<00:02:55.370> and<00:02:55.730> it's<00:02:56.269> really<00:02:56.450> a 00:02:56.530 --> 00:02:56.540 align:start position:0% feature around 87 apps and it's really a 00:02:56.540 --> 00:02:57.699 align:start position:0% feature around 87 apps and it's really a cross-section<00:02:57.110> of<00:02:57.200> everything<00:02:57.560> that's 00:02:57.699 --> 00:02:57.709 align:start position:0% cross-section of everything that's 00:02:57.709 --> 00:02:59.170 align:start position:0% cross-section of everything that's happening<00:02:58.010> in<00:02:58.130> the<00:02:58.220> ecosystem<00:02:58.730> so<00:02:58.940> there's 00:02:59.170 --> 00:02:59.180 align:start position:0% happening in the ecosystem so there's 00:02:59.180 --> 00:03:01.229 align:start position:0% happening in the ecosystem so there's all<00:02:59.510> the<00:02:59.870> financial<00:03:00.290> services<00:03:00.709> you<00:03:00.980> have 00:03:01.229 --> 00:03:01.239 align:start position:0% all the financial services you have 00:03:01.239 --> 00:03:03.990 align:start position:0% all the financial services you have decentralized<00:03:02.239> exchanges<00:03:02.870> you<00:03:03.140> have 00:03:03.990 --> 00:03:04.000 align:start position:0% decentralized exchanges you have 00:03:04.000 --> 00:03:06.610 align:start position:0% decentralized exchanges you have investment<00:03:05.000> platforms<00:03:05.569> borrowing<00:03:05.989> platforms 00:03:06.610 --> 00:03:06.620 align:start position:0% investment platforms borrowing platforms 00:03:06.620 --> 00:03:08.620 align:start position:0% investment platforms borrowing platforms then<00:03:07.280> you<00:03:07.400> have<00:03:07.549> all<00:03:07.730> of<00:03:07.849> the<00:03:08.030> games<00:03:08.360> and 00:03:08.620 --> 00:03:08.630 align:start position:0% then you have all of the games and 00:03:08.630 --> 00:03:11.110 align:start position:0% then you have all of the games and collectibles<00:03:09.080> all<00:03:09.230> of<00:03:09.590> that<00:03:09.709> entire<00:03:10.010> kind<00:03:11.000> of 00:03:11.110 --> 00:03:11.120 align:start position:0% collectibles all of that entire kind of 00:03:11.120 --> 00:03:13.600 align:start position:0% collectibles all of that entire kind of subspace<00:03:11.450> then<00:03:12.260> you<00:03:12.410> have<00:03:12.650> decentralized 00:03:13.600 --> 00:03:13.610 align:start position:0% subspace then you have decentralized 00:03:13.610 --> 00:03:16.449 align:start position:0% subspace then you have decentralized social<00:03:13.819> media<00:03:14.650> decentralized<00:03:15.650> market<00:03:15.890> places 00:03:16.449 --> 00:03:16.459 align:start position:0% social media decentralized market places 00:03:16.459 --> 00:03:19.360 align:start position:0% social media decentralized market places and<00:03:16.959> even<00:03:17.959> jobs<00:03:18.350> platforms<00:03:18.920> where<00:03:19.070> you<00:03:19.100> can<00:03:19.250> do 00:03:19.360 --> 00:03:19.370 align:start position:0% and even jobs platforms where you can do 00:03:19.370 --> 00:03:21.849 align:start position:0% and even jobs platforms where you can do stuff<00:03:19.609> and<00:03:19.850> unencrypt<00:03:20.480> oh<00:03:20.570> so<00:03:21.440> pretty<00:03:21.590> pretty 00:03:21.849 --> 00:03:21.859 align:start position:0% stuff and unencrypt oh so pretty pretty 00:03:21.859 --> 00:03:24.190 align:start position:0% stuff and unencrypt oh so pretty pretty quite<00:03:22.400> a<00:03:22.430> quite<00:03:22.760> a<00:03:22.790> lot<00:03:22.910> of<00:03:23.000> activity<00:03:23.390> going<00:03:23.540> on 00:03:24.190 --> 00:03:24.200 align:start position:0% quite a quite a lot of activity going on 00:03:24.200 --> 00:03:26.319 align:start position:0% quite a quite a lot of activity going on and<00:03:24.500> we<00:03:24.920> try<00:03:25.100> and<00:03:25.220> curate<00:03:25.489> the<00:03:25.640> best<00:03:25.820> apps<00:03:26.060> and 00:03:26.319 --> 00:03:26.329 align:start position:0% and we try and curate the best apps and 00:03:26.329 --> 00:03:28.630 align:start position:0% and we try and curate the best apps and present<00:03:26.690> them<00:03:26.840> to<00:03:26.870> our<00:03:27.079> users<00:03:27.470> so<00:03:28.370> that<00:03:28.519> they 00:03:28.630 --> 00:03:28.640 align:start position:0% present them to our users so that they 00:03:28.640 --> 00:03:30.640 align:start position:0% present them to our users so that they can<00:03:28.819> a<00:03:29.090> find<00:03:29.420> it<00:03:29.600> find<00:03:29.780> them<00:03:29.989> easier<00:03:30.260> find 00:03:30.640 --> 00:03:30.650 align:start position:0% can a find it find them easier find 00:03:30.650 --> 00:03:32.830 align:start position:0% can a find it find them easier find what's<00:03:31.370> what's<00:03:31.850> hot<00:03:32.060> what's<00:03:32.090> popular<00:03:32.600> what's 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what gaps are what 00:03:39.350 --> 00:03:41.800 align:start position:0% crypto we explain what gaps are what ethers<00:03:39.769> and<00:03:40.040> so<00:03:40.489> really<00:03:40.730> like<00:03:40.970> the<00:03:41.209> the<00:03:41.540> target 00:03:41.800 --> 00:03:41.810 align:start position:0% ethers and so really like the the target 00:03:41.810 --> 00:03:43.509 align:start position:0% ethers and so really like the the target audience<00:03:42.290> is<00:03:42.440> is<00:03:42.799> people<00:03:43.160> that<00:03:43.400> are 00:03:43.509 --> 00:03:43.519 align:start position:0% audience is is people that are 00:03:43.519 --> 00:03:46.120 align:start position:0% audience is is people that are relatively<00:03:43.970> new<00:03:44.090> and<00:03:44.420> and<00:03:44.720> relatively<00:03:45.200> like 00:03:46.120 --> 00:03:46.130 align:start position:0% relatively new and and relatively like 00:03:46.130 --> 00:03:49.240 align:start position:0% relatively new and and relatively like inexperienced<00:03:46.819> in<00:03:46.940> crypto<00:03:47.319> so<00:03:48.319> why<00:03:49.010> did<00:03:49.160> we 00:03:49.240 --> 00:03:49.250 align:start position:0% inexperienced in crypto so why did we 00:03:49.250 --> 00:03:50.530 align:start position:0% inexperienced in crypto so why did we even<00:03:49.400> built<00:03:49.639> go<00:03:49.760> and<00:03:49.910> base<00:03:50.000> wallet<00:03:50.299> I<00:03:50.359> think 00:03:50.530 --> 00:03:50.540 align:start position:0% even built go and base wallet I think 00:03:50.540 --> 00:03:52.420 align:start position:0% even built go and base wallet I think the<00:03:50.630> the<00:03:51.109> idea<00:03:51.350> for<00:03:51.530> us<00:03:51.560> has<00:03:51.799> been<00:03:51.980> that<00:03:52.220> you 00:03:52.420 --> 00:03:52.430 align:start position:0% the the idea for us has been that you 00:03:52.430 --> 00:03:53.860 align:start position:0% the the idea for us has been that you probably<00:03:52.819> know<00:03:53.030> coin<00:03:53.239> based<00:03:53.480> because<00:03:53.660> of<00:03:53.750> our 00:03:53.860 --> 00:03:53.870 align:start position:0% probably know coin based because of our 00:03:53.870 --> 00:03:56.349 align:start position:0% probably know coin based because of our first<00:03:54.109> products<00:03:54.889> right<00:03:55.040> the<00:03:55.310> brokerage<00:03:56.299> and 00:03:56.349 --> 00:03:56.359 align:start position:0% first products right the brokerage and 00:03:56.359 --> 00:03:58.270 align:start position:0% first products right the brokerage and the<00:03:56.480> exchange<00:03:56.840> and<00:03:57.109> those<00:03:57.650> were<00:03:57.769> successful 00:03:58.270 --> 00:03:58.280 align:start position:0% the exchange and those were successful 00:03:58.280 --> 00:04:00.490 align:start position:0% the exchange and those were successful in<00:03:58.400> onboarding<00:03:58.790> millions<00:03:59.120> of<00:03:59.239> users<00:03:59.389> into<00:03:59.959> the 00:04:00.490 --> 00:04:00.500 align:start position:0% in onboarding millions of users into the 00:04:00.500 --> 00:04:02.080 align:start position:0% in onboarding millions of users into the investment<00:04:01.040> phase<00:04:01.160> of<00:04:01.370> cryptocurrency 00:04:02.080 --> 00:04:02.090 align:start position:0% investment phase of cryptocurrency 00:04:02.090 --> 00:04:03.580 align:start position:0% investment phase of cryptocurrency and<00:04:02.239> the<00:04:02.720> investment<00:04:03.079> phase<00:04:03.170> is<00:04:03.380> really 00:04:03.580 --> 00:04:03.590 align:start position:0% and the investment phase is really 00:04:03.590 --> 00:04:04.930 align:start position:0% and the investment phase is really people<00:04:03.799> buying<00:04:04.100> crypto<00:04:04.519> because<00:04:04.850> it 00:04:04.930 --> 00:04:04.940 align:start position:0% people buying crypto because it 00:04:04.940 --> 00:04:06.940 align:start position:0% people buying crypto because it appreciates<00:04:05.359> in<00:04:05.510> value<00:04:05.750> but<00:04:06.590> I<00:04:06.620> think<00:04:06.799> what 00:04:06.940 --> 00:04:06.950 align:start position:0% appreciates in value but I think what 00:04:06.950 --> 00:04:08.440 align:start position:0% appreciates in value but I think what we're<00:04:07.100> all<00:04:07.130> excited<00:04:07.670> about<00:04:07.700> most<00:04:08.060> excited 00:04:08.440 --> 00:04:08.450 align:start position:0% we're all excited about most excited 00:04:08.450 --> 00:04:10.930 align:start position:0% we're all excited about most excited about<00:04:08.510> is<00:04:08.870> the<00:04:09.040> actual<00:04:10.040> utility<00:04:10.310> phase<00:04:10.700> where 00:04:10.930 --> 00:04:10.940 align:start position:0% about is the actual utility phase where 00:04:10.940 --> 00:04:13.120 align:start position:0% about is the actual utility phase where people<00:04:11.239> start<00:04:11.569> to<00:04:11.630> use<00:04:11.720> crypto<00:04:12.290> and<00:04:12.470> that's 00:04:13.120 --> 00:04:13.130 align:start position:0% people start to use crypto and that's 00:04:13.130 --> 00:04:14.319 align:start position:0% people start to use crypto and that's where<00:04:13.310> coin<00:04:13.459> based<00:04:13.639> wallet<00:04:13.880> comes<00:04:14.060> in<00:04:14.209> and 00:04:14.319 --> 00:04:14.329 align:start position:0% where coin based wallet comes in and 00:04:14.329 --> 00:04:15.580 align:start position:0% where coin based wallet comes in and it's<00:04:14.450> the<00:04:14.510> first<00:04:14.750> of<00:04:14.840> several<00:04:15.049> products<00:04:15.470> that 00:04:15.580 --> 00:04:15.590 align:start position:0% it's the first of several products that 00:04:15.590 --> 00:04:18.520 align:start position:0% it's the first of several products that we've<00:04:15.709> launched<00:04:16.070> in<00:04:16.190> this<00:04:16.669> space<00:04:17.350> and<00:04:18.350> so<00:04:18.410> we 00:04:18.520 --> 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--> 00:04:30.800 align:start position:0% space getting all of you guys get to 00:04:30.800 --> 00:04:32.439 align:start position:0% space getting all of you guys get to know<00:04:30.889> what<00:04:31.039> you're<00:04:31.189> building<00:04:31.340> try<00:04:32.180> and<00:04:32.270> create 00:04:32.439 --> 00:04:32.449 align:start position:0% know what you're building try and create 00:04:32.449 --> 00:04:34.149 align:start position:0% know what you're building try and create a<00:04:32.509> platform<00:04:32.750> to<00:04:33.139> make<00:04:33.169> the<00:04:33.439> app<00:04:33.500> successful 00:04:34.149 --> 00:04:34.159 align:start position:0% a platform to make the app successful 00:04:34.159 --> 00:04:36.159 align:start position:0% a platform to make the app successful and<00:04:34.370> give<00:04:34.819> them<00:04:34.970> a<00:04:35.000> stage<00:04:35.419> to<00:04:35.689> all<00:04:35.960> of<00:04:36.080> our 00:04:36.159 --> 00:04:36.169 align:start position:0% and give them a stage to all of our 00:04:36.169 --> 00:04:38.830 align:start position:0% and give them a stage to all of our users<00:04:36.590> and<00:04:36.939> you<00:04:37.939> know<00:04:37.969> we<00:04:38.180> also<00:04:38.300> have<00:04:38.419> the<00:04:38.659> full 00:04:38.830 --> 00:04:38.840 align:start position:0% users and you know we also have the full 00:04:38.840 --> 00:04:40.570 align:start position:0% users and you know we also have the full spectrum<00:04:39.110> of<00:04:39.319> users<00:04:39.469> right<00:04:39.770> we<00:04:39.889> have<00:04:40.039> some 00:04:40.570 --> 00:04:40.580 align:start position:0% spectrum of users right we have some 00:04:40.580 --> 00:04:42.580 align:start position:0% spectrum of users right we have some very<00:04:40.789> early<00:04:41.150> adopters<00:04:41.599> and<00:04:41.840> then<00:04:41.930> we<00:04:42.409> have 00:04:42.580 --> 00:04:42.590 align:start position:0% very early adopters and then we have 00:04:42.590 --> 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people are like feel like<00:04:56.389> when<00:04:56.569> they<00:04:56.689> first<00:04:56.719> experience<00:04:57.530> crypto 00:04:57.850 --> 00:04:57.860 align:start position:0% like when they first experience crypto 00:04:57.860 --> 00:05:00.640 align:start position:0% like when they first experience crypto and<00:04:58.039> so<00:04:58.759> reflecting<00:04:59.629> on<00:04:59.750> all<00:04:59.810> of<00:04:59.990> these<00:05:00.110> kind 00:05:00.640 --> 00:05:00.650 align:start position:0% and so reflecting on all of these kind 00:05:00.650 --> 00:05:02.320 align:start position:0% and so reflecting on all of these kind of<00:05:00.740> exchanges<00:05:01.280> both<00:05:01.460> with<00:05:01.639> developers<00:05:02.090> with 00:05:02.320 --> 00:05:02.330 align:start position:0% of exchanges both with developers with 00:05:02.330 --> 00:05:04.330 align:start position:0% of exchanges both with developers with and<00:05:02.479> people<00:05:02.960> building<00:05:03.229> gaps<00:05:03.500> as<00:05:03.770> well<00:05:04.250> as 00:05:04.330 --> 00:05:04.340 align:start position:0% and people building gaps as well as 00:05:04.340 --> 00:05:06.279 align:start position:0% and people building gaps as well as early<00:05:04.580> adopters<00:05:04.759> of<00:05:05.240> end<00:05:05.509> users<00:05:05.840> of<00:05:05.960> crypto 00:05:06.279 --> 00:05:06.289 align:start position:0% early adopters of end users of crypto 00:05:06.289 --> 00:05:07.959 align:start position:0% early adopters of end users of crypto right<00:05:06.830> we've<00:05:07.039> we've<00:05:07.310> come<00:05:07.520> up<00:05:07.550> with<00:05:07.669> the<00:05:07.849> list 00:05:07.959 --> 00:05:07.969 align:start position:0% right we've we've come up with the list 00:05:07.969 --> 00:05:09.219 align:start position:0% right we've we've come up with the list of<00:05:08.180> the<00:05:08.270> three<00:05:08.449> things<00:05:08.599> that<00:05:08.780> we<00:05:08.900> think<00:05:09.139> are 00:05:09.219 --> 00:05:09.229 align:start position:0% of the three things that we think are 00:05:09.229 --> 00:05:11.800 align:start position:0% of the three things that we think are the<00:05:09.259> most<00:05:09.409> important<00:05:10.300> kind<00:05:11.300> of<00:05:11.360> hurdles<00:05:11.719> to 00:05:11.800 --> 00:05:11.810 align:start position:0% the most important kind of hurdles to 00:05:11.810 --> 00:05:14.649 align:start position:0% the most important kind of hurdles to adoption<00:05:12.169> and<00:05:12.909> so<00:05:13.909> what's<00:05:14.090> holding<00:05:14.300> back<00:05:14.509> the 00:05:14.649 --> 00:05:14.659 align:start position:0% adoption and so what's holding back the 00:05:14.659 --> 00:05:17.230 align:start position:0% adoption and so what's holding back the adoption<00:05:15.169> is<00:05:15.319> basically<00:05:15.740> the<00:05:16.370> first<00:05:16.610> is<00:05:16.819> use 00:05:17.230 --> 00:05:17.240 align:start position:0% adoption is basically the first is use 00:05:17.240 --> 00:05:19.330 align:start position:0% adoption is basically the first is use case<00:05:17.479> right<00:05:17.719> and<00:05:17.900> I<00:05:17.960> think<00:05:18.139> it's<00:05:18.800> the<00:05:19.190> most 00:05:19.330 --> 00:05:19.340 align:start position:0% case right and I think it's the most 00:05:19.340 --> 00:05:20.740 align:start position:0% case right and I think it's the most fundamental<00:05:19.580> problem<00:05:20.180> that<00:05:20.300> we<00:05:20.389> have<00:05:20.509> is<00:05:20.629> like 00:05:20.740 --> 00:05:20.750 align:start position:0% fundamental problem that we have is like 00:05:20.750 --> 00:05:22.959 align:start position:0% fundamental problem that we have is like what<00:05:21.289> problem<00:05:21.710> are<00:05:22.099> these<00:05:22.370> products<00:05:22.819> and 00:05:22.959 --> 00:05:22.969 align:start position:0% what problem are these products and 00:05:22.969 --> 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the<00:05:30.800> third<00:05:31.009> is<00:05:31.190> you<00:05:31.789> know<00:05:31.940> are 00:05:32.200 --> 00:05:32.210 align:start position:0% products and the third is you know are 00:05:32.210 --> 00:05:33.879 align:start position:0% products and the third is you know are these<00:05:32.419> products<00:05:32.840> actually<00:05:33.110> able<00:05:33.289> to<00:05:33.409> support 00:05:33.879 --> 00:05:33.889 align:start position:0% these products actually able to support 00:05:33.889 --> 00:05:36.879 align:start position:0% these products actually able to support many<00:05:34.699> millions<00:05:35.150> of<00:05:35.270> users<00:05:35.389> at<00:05:35.690> scale<00:05:35.990> and<00:05:36.229> so 00:05:36.879 --> 00:05:36.889 align:start position:0% many millions of users at scale and so 00:05:36.889 --> 00:05:39.430 align:start position:0% many millions of users at scale and so this<00:05:37.819> is<00:05:37.940> roughly<00:05:38.180> ordered<00:05:38.599> in<00:05:38.719> in<00:05:39.020> what<00:05:39.349> we 00:05:39.430 --> 00:05:39.440 align:start position:0% this is roughly ordered in in what we 00:05:39.440 --> 00:05:41.200 align:start position:0% this is roughly ordered in in what we think<00:05:39.560> is<00:05:39.710> the<00:05:39.830> importance<00:05:40.250> right<00:05:40.460> like<00:05:40.669> first 00:05:41.200 --> 00:05:41.210 align:start position:0% think is the importance right like first 00:05:41.210 --> 00:05:42.430 align:start position:0% think is the importance right like first you<00:05:41.300> have<00:05:41.479> to<00:05:41.509> be<00:05:41.659> solving<00:05:41.990> an<00:05:42.080> important 00:05:42.430 --> 00:05:42.440 align:start position:0% you have to be solving an important 00:05:42.440 --> 00:05:45.129 align:start position:0% you have to be solving an important problem<00:05:43.089> second<00:05:44.089> is<00:05:44.240> of<00:05:44.419> course<00:05:44.629> then<00:05:44.870> comes 00:05:45.129 --> 00:05:45.139 align:start position:0% problem second is of course then comes 00:05:45.139 --> 00:05:47.050 align:start position:0% problem second is of course then comes usability<00:05:45.680> and<00:05:45.770> then<00:05:45.860> comes<00:05:46.069> scalability<00:05:46.639> so 00:05:47.050 --> 00:05:47.060 align:start position:0% usability and then comes scalability so 00:05:47.060 --> 00:05:52.300 align:start position:0% usability and then comes scalability so let's<00:05:47.240> tackle<00:05:47.419> number<00:05:47.659> one<00:05:49.000> so<00:05:50.050> we<00:05:51.050> we<00:05:51.979> were 00:05:52.300 --> 00:05:52.310 align:start position:0% let's tackle number one so we we were 00:05:52.310 --> 00:05:56.439 align:start position:0% let's tackle number one so we we were given<00:05:52.669> with<00:05:53.569> ethers<00:05:54.500> created<00:05:55.000> we<00:05:56.000> were<00:05:56.150> given 00:05:56.439 --> 00:05:56.449 align:start position:0% given with ethers created we were given 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align:start position:0% borderless trustless platform right just 00:06:08.419 --> 00:06:10.360 align:start position:0% borderless trustless platform right just something<00:06:09.319> that<00:06:09.349> we<00:06:09.500> never<00:06:09.650> had<00:06:09.860> before<00:06:10.009> and 00:06:10.360 --> 00:06:10.370 align:start position:0% something that we never had before and 00:06:10.370 --> 00:06:12.309 align:start position:0% something that we never had before and for<00:06:10.879> the<00:06:10.940> first<00:06:11.150> time<00:06:11.300> we<00:06:11.449> had<00:06:11.599> the<00:06:11.750> concept<00:06:12.110> of 00:06:12.309 --> 00:06:12.319 align:start position:0% for the first time we had the concept of 00:06:12.319 --> 00:06:15.339 align:start position:0% for the first time we had the concept of digitally<00:06:13.279> native<00:06:13.839> programmable<00:06:14.839> value<00:06:15.169> and 00:06:15.339 --> 00:06:15.349 align:start position:0% digitally native programmable value and 00:06:15.349 --> 00:06:18.070 align:start position:0% digitally native programmable value and I<00:06:16.190> think<00:06:16.819> all<00:06:16.909> of<00:06:16.940> us<00:06:17.089> agree<00:06:17.240> that<00:06:17.360> this 00:06:18.070 --> 00:06:18.080 align:start position:0% I think all of us agree that this 00:06:18.080 --> 00:06:19.930 align:start position:0% I think all of us agree that this building<00:06:18.529> block<00:06:18.740> is<00:06:18.979> as<00:06:19.190> powerful<00:06:19.460> as<00:06:19.789> the 00:06:19.930 --> 00:06:19.940 align:start position:0% building block is as powerful as the 00:06:19.940 --> 00:06:21.339 align:start position:0% building block is as powerful as the internet<00:06:20.240> was<00:06:20.389> when<00:06:20.599> it<00:06:20.690> first<00:06:20.719> came<00:06:21.050> along 00:06:21.339 --> 00:06:21.349 align:start position:0% internet was when it first came along 00:06:21.349 --> 00:06:23.019 align:start position:0% internet was when it first came along thirty<00:06:21.949> years<00:06:22.129> ago<00:06:22.339> right<00:06:22.490> incredibly 00:06:23.019 --> 00:06:23.029 align:start position:0% thirty years ago right incredibly 00:06:23.029 --> 00:06:25.689 align:start position:0% thirty years ago right incredibly powerful<00:06:23.389> lots<00:06:23.569> of<00:06:23.690> promise<00:06:24.050> and<00:06:24.550> what<00:06:25.550> have 00:06:25.689 --> 00:06:25.699 align:start position:0% powerful lots of promise and what have 00:06:25.699 --> 00:06:28.300 align:start position:0% powerful lots of promise and what have we<00:06:25.729> built<00:06:25.969> with<00:06:26.120> it<00:06:26.210> so<00:06:26.360> far<00:06:26.599> well<00:06:27.310> mostly 00:06:28.300 --> 00:06:28.310 align:start position:0% we built with it so far well mostly 00:06:28.310 --> 00:06:31.329 align:start position:0% we built with it so far well mostly digital<00:06:28.460> cats<00:06:28.909> right<00:06:29.210> and<00:06:30.169> so<00:06:30.409> and<00:06:30.650> I'm<00:06:31.159> being 00:06:31.329 --> 00:06:31.339 align:start position:0% digital cats right and so and I'm being 00:06:31.339 --> 00:06:32.740 align:start position:0% digital cats right and so and I'm being facetious<00:06:31.490> obviously<00:06:32.240> because<00:06:32.479> I<00:06:32.509> just 00:06:32.740 --> 00:06:32.750 align:start position:0% facetious obviously because I just 00:06:32.750 --> 00:06:34.659 align:start position:0% facetious obviously because I just showed<00:06:32.930> you<00:06:32.960> like<00:06:33.710> a<00:06:33.919> bunch<00:06:34.250> of<00:06:34.370> different 00:06:34.659 --> 00:06:34.669 align:start position:0% showed you like a bunch of different 00:06:34.669 --> 00:06:35.920 align:start position:0% showed you like a bunch of different apps<00:06:34.849> solving<00:06:35.209> a<00:06:35.270> bunch<00:06:35.479> of<00:06:35.569> different<00:06:35.839> use 00:06:35.920 --> 00:06:35.930 align:start position:0% apps solving a bunch of different use 00:06:35.930 --> 00:06:37.839 align:start position:0% apps solving a bunch of different use cases<00:06:36.139> but<00:06:36.469> really<00:06:37.039> when<00:06:37.159> I<00:06:37.190> go<00:06:37.339> outside<00:06:37.669> of 00:06:37.839 --> 00:06:37.849 align:start position:0% cases but really when I go outside of 00:06:37.849 --> 00:06:39.879 align:start position:0% cases but really when I go outside of our<00:06:37.940> crypto<00:06:38.330> community<00:06:38.719> and<00:06:38.930> you<00:06:39.529> know<00:06:39.620> I<00:06:39.649> talk 00:06:39.879 --> 00:06:39.889 align:start position:0% our crypto community and you know I talk 00:06:39.889 --> 00:06:40.879 align:start position:0% our crypto community and you know I talk to<00:06:40.009> people<00:06:40.099> and<00:06:40.520> they<00:06:40.610> like 00:06:40.879 --> 00:06:40.889 align:start position:0% to people and they like 00:06:40.889 --> 00:06:43.189 align:start position:0% to people and they like Hey<00:06:41.099> what<00:06:41.729> what's<00:06:42.180> the<00:06:42.300> most<00:06:42.449> popular<00:06:42.629> tap-in 00:06:43.189 --> 00:06:43.199 align:start position:0% Hey what what's the most popular tap-in 00:06:43.199 --> 00:06:44.510 align:start position:0% Hey what what's the most popular tap-in and<00:06:43.469> it's<00:06:43.800> hard<00:06:43.979> to<00:06:44.069> keep<00:06:44.159> a<00:06:44.280> straight<00:06:44.460> face 00:06:44.510 --> 00:06:44.520 align:start position:0% and it's hard to keep a straight face 00:06:44.520 --> 00:06:46.010 align:start position:0% and it's hard to keep a straight face when<00:06:44.819> you<00:06:44.939> tell<00:06:45.240> them<00:06:45.449> or<00:06:45.569> well<00:06:45.689> it's<00:06:45.840> been 00:06:46.010 --> 00:06:46.020 align:start position:0% when you tell them or well it's been 00:06:46.020 --> 00:06:47.540 align:start position:0% when you tell them or well it's been these<00:06:46.139> like<00:06:46.469> digital<00:06:46.800> cats<00:06:47.039> that<00:06:47.189> you<00:06:47.249> can<00:06:47.400> buy 00:06:47.540 --> 00:06:47.550 align:start position:0% these like digital cats that you can buy 00:06:47.550 --> 00:06:50.089 align:start position:0% these like digital cats that you can buy and<00:06:47.999> and<00:06:48.599> so<00:06:49.080> the<00:06:49.199> problem<00:06:49.529> is<00:06:49.620> that<00:06:49.770> no<00:06:49.979> one 00:06:50.089 --> 00:06:50.099 align:start position:0% and and so the problem is that no one 00:06:50.099 --> 00:06:52.339 align:start position:0% and and so the problem is that no one has<00:06:50.219> yet<00:06:50.249> built<00:06:50.639> apps<00:06:50.939> that<00:06:51.330> really<00:06:52.080> solve 00:06:52.339 --> 00:06:52.349 align:start position:0% has yet built apps that really solve 00:06:52.349 --> 00:06:54.649 align:start position:0% has yet built apps that really solve user<00:06:52.590> problems<00:06:53.099> that<00:06:53.370> let<00:06:54.300> you<00:06:54.389> know<00:06:54.419> that 00:06:54.649 --> 00:06:54.659 align:start position:0% user problems that let you know that 00:06:54.659 --> 00:06:56.059 align:start position:0% user problems that let you know that that<00:06:54.810> people<00:06:54.960> feel<00:06:55.259> a<00:06:55.289> lot<00:06:55.469> of<00:06:55.499> pain<00:06:55.770> around 00:06:56.059 --> 00:06:56.069 align:start position:0% that people feel a lot of pain around 00:06:56.069 --> 00:06:58.279 align:start position:0% that people feel a lot of pain around and<00:06:56.340> so<00:06:56.819> no<00:06:57.029> there<00:06:57.449> isn't<00:06:57.659> an<00:06:57.719> app<00:06:57.870> out<00:06:58.050> there 00:06:58.279 --> 00:06:58.289 align:start position:0% and so no there isn't an app out there 00:06:58.289 --> 00:06:59.659 align:start position:0% and so no there isn't an app out there where<00:06:58.439> people<00:06:58.469> wake<00:06:58.860> up<00:06:59.009> every<00:06:59.219> morning<00:06:59.249> and 00:06:59.659 --> 00:06:59.669 align:start position:0% where people wake up every morning and 00:06:59.669 --> 00:07:00.469 align:start position:0% where people wake up every morning and they're<00:06:59.759> like<00:06:59.879> in<00:06:59.999> this<00:07:00.090> hundreds<00:07:00.389> of 00:07:00.469 --> 00:07:00.479 align:start position:0% they're like in this hundreds of 00:07:00.479 --> 00:07:02.209 align:start position:0% they're like in this hundreds of thousands<00:07:00.810> of<00:07:00.840> people<00:07:01.110> that<00:07:01.199> say<00:07:01.409> I<00:07:01.620> really 00:07:02.209 --> 00:07:02.219 align:start position:0% thousands of people that say I really 00:07:02.219 --> 00:07:04.100 align:start position:0% thousands of people that say I really need<00:07:02.460> this<00:07:02.639> tap<00:07:02.879> I<00:07:03.060> need<00:07:03.210> I<00:07:03.449> need<00:07:03.479> to<00:07:03.749> use<00:07:03.930> it 00:07:04.100 --> 00:07:04.110 align:start position:0% need this tap I need I need to use it 00:07:04.110 --> 00:07:05.959 align:start position:0% need this tap I need I need to use it right<00:07:04.229> oh<00:07:04.289> if<00:07:04.620> the<00:07:04.919> tap<00:07:05.099> in<00:07:05.310> to<00:07:05.370> exist<00:07:05.699> that<00:07:05.849> it 00:07:05.959 --> 00:07:05.969 align:start position:0% right oh if the tap in to exist that it 00:07:05.969 --> 00:07:08.029 align:start position:0% right oh if the tap in to exist that it would<00:07:06.060> leave<00:07:06.210> a<00:07:06.240> vacuum<00:07:06.479> in<00:07:07.169> their<00:07:07.560> lives<00:07:07.770> and 00:07:08.029 --> 00:07:08.039 align:start position:0% would leave a vacuum in their lives and 00:07:08.039 --> 00:07:10.519 align:start position:0% would leave a vacuum in their lives and so<00:07:08.159> so<00:07:08.819> you<00:07:09.389> know<00:07:09.419> that's<00:07:09.689> that's<00:07:09.900> a<00:07:10.050> bit<00:07:10.379> of<00:07:10.469> a 00:07:10.519 --> 00:07:10.529 align:start position:0% so so you know that's that's a bit of a 00:07:10.529 --> 00:07:11.959 align:start position:0% so so you know that's that's a bit of a hurdle<00:07:10.710> but<00:07:10.979> maybe<00:07:11.189> that's<00:07:11.400> okay<00:07:11.550> for<00:07:11.759> the 00:07:11.959 --> 00:07:11.969 align:start position:0% hurdle but maybe that's okay for the 00:07:11.969 --> 00:07:13.550 align:start position:0% hurdle but maybe that's okay for the first<00:07:12.120> generation<00:07:12.659> right<00:07:12.840> so<00:07:12.990> we're 00:07:13.550 --> 00:07:13.560 align:start position:0% first generation right so we're 00:07:13.560 --> 00:07:14.929 align:start position:0% first generation right so we're increasingly<00:07:13.979> seeing<00:07:14.219> the<00:07:14.310> first<00:07:14.460> generation 00:07:14.929 --> 00:07:14.939 align:start position:0% increasingly seeing the first generation 00:07:14.939 --> 00:07:16.939 align:start position:0% increasingly seeing the first generation of<00:07:15.029> the<00:07:15.150> apps<00:07:15.240> as<00:07:15.479> being<00:07:15.750> kind<00:07:16.319> of<00:07:16.500> primitives 00:07:16.939 --> 00:07:16.949 align:start position:0% of the apps as being kind of primitives 00:07:16.949 --> 00:07:18.860 align:start position:0% of the apps as being kind of primitives these<00:07:17.669> were<00:07:17.879> you<00:07:18.150> know<00:07:18.240> we<00:07:18.360> were<00:07:18.479> given<00:07:18.689> a<00:07:18.750> new 00:07:18.860 --> 00:07:18.870 align:start position:0% these were you know we were given a new 00:07:18.870 --> 00:07:20.869 align:start position:0% these were you know we were given a new technology<00:07:19.319> a<00:07:19.349> few<00:07:19.620> years<00:07:19.800> ago<00:07:19.889> and<00:07:20.189> we<00:07:20.639> build 00:07:20.869 --> 00:07:20.879 align:start position:0% technology a few years ago and we build 00:07:20.879 --> 00:07:22.640 align:start position:0% technology a few years ago and we build proofs<00:07:21.120> of<00:07:21.270> concept<00:07:21.419> right<00:07:21.840> these<00:07:22.469> are<00:07:22.500> the 00:07:22.640 --> 00:07:22.650 align:start position:0% proofs of concept right these are the 00:07:22.650 --> 00:07:23.809 align:start position:0% proofs of concept right these are the things<00:07:22.860> that<00:07:22.919> you<00:07:23.069> can<00:07:23.219> do<00:07:23.340> when<00:07:23.490> you're<00:07:23.610> given 00:07:23.809 --> 00:07:23.819 align:start position:0% things that you can do when you're given 00:07:23.819 --> 00:07:25.459 align:start position:0% things that you can do when you're given a<00:07:23.879> smart<00:07:24.150> contract<00:07:24.330> platform<00:07:24.990> right<00:07:25.110> you<00:07:25.259> can 00:07:25.459 --> 00:07:25.469 align:start position:0% a smart contract platform right you can 00:07:25.469 --> 00:07:28.249 align:start position:0% a smart contract platform right you can create<00:07:26.449> fungible<00:07:27.449> tokens<00:07:27.810> you<00:07:27.900> can<00:07:28.050> create 00:07:28.249 --> 00:07:28.259 align:start position:0% create fungible tokens you can create 00:07:28.259 --> 00:07:30.760 align:start position:0% create fungible tokens you can create non-functional<00:07:29.069> tokens<00:07:29.400> you<00:07:30.120> can<00:07:30.300> create 00:07:30.760 --> 00:07:30.770 align:start position:0% non-functional tokens you can create 00:07:30.770 --> 00:07:33.800 align:start position:0% non-functional tokens you can create identity<00:07:31.770> on<00:07:32.310> the<00:07:32.460> blockchain<00:07:32.669> you<00:07:33.479> can<00:07:33.629> write 00:07:33.800 --> 00:07:33.810 align:start position:0% identity on the blockchain you can write 00:07:33.810 --> 00:07:36.079 align:start position:0% identity on the blockchain you can write smart<00:07:34.169> contracts<00:07:34.710> that<00:07:35.009> enable<00:07:35.580> trustless 00:07:36.079 --> 00:07:36.089 align:start position:0% smart contracts that enable trustless 00:07:36.089 --> 00:07:38.480 align:start position:0% smart contracts that enable trustless transfer<00:07:36.599> you<00:07:37.289> can<00:07:37.500> enable<00:07:37.770> you<00:07:38.219> can<00:07:38.370> create 00:07:38.480 --> 00:07:38.490 align:start position:0% transfer you can enable you can create 00:07:38.490 --> 00:07:39.769 align:start position:0% transfer you can enable you can create smart<00:07:38.819> contracts<00:07:39.240> that<00:07:39.389> allow<00:07:39.449> you<00:07:39.659> to 00:07:39.769 --> 00:07:39.779 align:start position:0% smart contracts that allow you to 00:07:39.779 --> 00:07:42.110 align:start position:0% smart contracts that allow you to deposit<00:07:40.680> assets<00:07:41.249> and<00:07:41.430> then<00:07:41.520> withdraw<00:07:41.729> them 00:07:42.110 --> 00:07:42.120 align:start position:0% deposit assets and then withdraw them 00:07:42.120 --> 00:07:43.999 align:start position:0% deposit assets and then withdraw them withdraw<00:07:42.599> collateral<00:07:43.169> against<00:07:43.499> those<00:07:43.650> those 00:07:43.999 --> 00:07:44.009 align:start position:0% withdraw collateral against those those 00:07:44.009 --> 00:07:45.619 align:start position:0% withdraw collateral against those those assets<00:07:44.370> that<00:07:44.460> you've<00:07:44.610> deposited<00:07:44.849> you<00:07:45.509> can 00:07:45.619 --> 00:07:45.629 align:start position:0% assets that you've deposited you can 00:07:45.629 --> 00:07:47.360 align:start position:0% assets that you've deposited you can create<00:07:45.839> stable<00:07:46.110> stable<00:07:46.740> coins<00:07:47.129> you<00:07:47.219> can 00:07:47.360 --> 00:07:47.370 align:start position:0% create stable stable coins you can 00:07:47.370 --> 00:07:49.490 align:start position:0% create stable stable coins you can create<00:07:47.490> state<00:07:47.729> channels<00:07:48.089> so<00:07:48.689> these<00:07:49.229> are<00:07:49.379> all 00:07:49.490 --> 00:07:49.500 align:start position:0% create state channels so these are all 00:07:49.500 --> 00:07:50.929 align:start position:0% create state channels so these are all proofs<00:07:49.770> of<00:07:49.889> concept<00:07:50.069> of<00:07:50.430> the<00:07:50.550> things<00:07:50.699> that<00:07:50.849> we 00:07:50.929 --> 00:07:50.939 align:start position:0% proofs of concept of the things that we 00:07:50.939 --> 00:07:52.969 align:start position:0% proofs of concept of the things that we can<00:07:51.180> do<00:07:51.379> but<00:07:52.379> I<00:07:52.409> think<00:07:52.589> what<00:07:52.680> needs<00:07:52.710> to<00:07:52.919> happen 00:07:52.969 --> 00:07:52.979 align:start position:0% can do but I think what needs to happen 00:07:52.979 --> 00:07:55.219 align:start position:0% can do but I think what needs to happen next<00:07:53.339> is<00:07:53.729> the<00:07:54.089> next<00:07:54.270> generation<00:07:54.689> of<00:07:54.779> taps<00:07:55.020> and 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and this has now become something 00:08:02.279 --> 00:08:04.459 align:start position:0% want and this has now become something of<00:08:02.520> a<00:08:02.610> mantra<00:08:02.909> for<00:08:03.029> like<00:08:03.479> the<00:08:03.719> startup<00:08:04.050> factory 00:08:04.459 --> 00:08:04.469 align:start position:0% of a mantra for like the startup factory 00:08:04.469 --> 00:08:06.589 align:start position:0% of a mantra for like the startup factory that's<00:08:04.620> YC<00:08:05.009> and<00:08:05.219> it<00:08:05.639> is<00:08:05.759> because<00:08:06.089> this<00:08:06.330> this 00:08:06.589 --> 00:08:06.599 align:start position:0% that's YC and it is because this this 00:08:06.599 --> 00:08:09.409 align:start position:0% that's YC and it is because this this idea<00:08:06.750> works<00:08:07.139> right<00:08:07.439> the<00:08:08.399> the<00:08:09.000> next<00:08:09.210> set<00:08:09.389> of 00:08:09.409 --> 00:08:09.419 align:start position:0% idea works right the the next set of 00:08:09.419 --> 00:08:11.540 align:start position:0% idea works right the the next set of gaps<00:08:09.689> we<00:08:10.139> need<00:08:10.289> to<00:08:10.379> change<00:08:10.560> our<00:08:10.770> mindset<00:08:10.800> from 00:08:11.540 --> 00:08:11.550 align:start position:0% gaps we need to change our mindset from 00:08:11.550 --> 00:08:13.879 align:start position:0% gaps we need to change our mindset from developers<00:08:12.539> that<00:08:12.779> are<00:08:12.899> kind<00:08:13.139> of<00:08:13.199> exploring 00:08:13.879 --> 00:08:13.889 align:start position:0% developers that are kind of exploring 00:08:13.889 --> 00:08:16.010 align:start position:0% developers that are kind of exploring and<00:08:13.979> playing<00:08:14.039> with<00:08:14.490> this<00:08:14.639> technology<00:08:15.020> to 00:08:16.010 --> 00:08:16.020 align:start position:0% and playing with this technology to 00:08:16.020 --> 00:08:17.300 align:start position:0% and playing with this technology to entrepreneurs<00:08:16.740> that<00:08:16.800> are<00:08:16.860> trying<00:08:17.099> to<00:08:17.189> build 00:08:17.300 --> 00:08:17.310 align:start position:0% entrepreneurs that are trying to build 00:08:17.310 --> 00:08:18.950 align:start position:0% entrepreneurs that are trying to build businesses<00:08:17.789> and<00:08:17.969> solve<00:08:18.180> real<00:08:18.270> problems<00:08:18.419> and 00:08:18.950 --> 00:08:18.960 align:start position:0% businesses and solve real problems and 00:08:18.960 --> 00:08:20.929 align:start position:0% businesses and solve real problems and the<00:08:19.710> good<00:08:19.860> news<00:08:20.009> is<00:08:20.159> that<00:08:20.189> there's<00:08:20.520> a<00:08:20.610> playbook 00:08:20.929 --> 00:08:20.939 align:start position:0% the good news is that there's a playbook 00:08:20.939 --> 00:08:21.769 align:start position:0% the good news is that there's a playbook for<00:08:21.060> this<00:08:21.210> right<00:08:21.360> there's<00:08:21.509> an<00:08:21.569> established 00:08:21.769 --> 00:08:21.779 align:start position:0% for this right there's an established 00:08:21.779 --> 00:08:24.439 align:start position:0% for this right there's an established playbook<00:08:22.349> for<00:08:22.439> this<00:08:22.620> you<00:08:23.550> you<00:08:23.969> find<00:08:24.240> problems 00:08:24.439 --> 00:08:24.449 align:start position:0% playbook for this you you find problems 00:08:24.449 --> 00:08:26.510 align:start position:0% playbook for this you you find problems that<00:08:24.810> people<00:08:25.050> really<00:08:25.259> need<00:08:25.289> to<00:08:25.589> solve<00:08:25.830> you 00:08:26.510 --> 00:08:26.520 align:start position:0% that people really need to solve you 00:08:26.520 --> 00:08:28.399 align:start position:0% that people really need to solve you build<00:08:26.729> a<00:08:26.789> product<00:08:27.000> around<00:08:27.389> it<00:08:27.539> you<00:08:27.990> talk<00:08:28.259> to 00:08:28.399 --> 00:08:28.409 align:start position:0% build a product around it you talk to 00:08:28.409 --> 00:08:30.200 align:start position:0% build a product around it you talk to your<00:08:28.529> users<00:08:28.919> non-stop<00:08:29.399> and<00:08:29.550> iterate<00:08:29.909> and 00:08:30.200 --> 00:08:30.210 align:start position:0% your users non-stop and iterate and 00:08:30.210 --> 00:08:32.719 align:start position:0% your users non-stop and iterate and improve<00:08:30.389> the<00:08:30.689> product<00:08:31.050> you<00:08:31.979> figure<00:08:32.459> out<00:08:32.519> how 00:08:32.719 --> 00:08:32.729 align:start position:0% improve the product you figure out how 00:08:32.729 --> 00:08:34.130 align:start position:0% improve the product you figure out how you're<00:08:32.909> measuring<00:08:33.089> traction<00:08:33.659> and<00:08:33.959> hold 00:08:34.130 --> 00:08:34.140 align:start position:0% you're measuring traction and hold 00:08:34.140 --> 00:08:35.839 align:start position:0% you're measuring traction and hold yourself<00:08:34.440> accountable<00:08:34.500> to<00:08:34.919> that<00:08:35.070> and<00:08:35.250> then 00:08:35.839 --> 00:08:35.849 align:start position:0% yourself accountable to that and then 00:08:35.849 --> 00:08:37.670 align:start position:0% yourself accountable to that and then you<00:08:35.880> have<00:08:36.060> a<00:08:36.089> strategic<00:08:36.300> plan<00:08:36.599> for<00:08:37.079> how<00:08:37.500> you're 00:08:37.670 --> 00:08:37.680 align:start position:0% you have a strategic plan for how you're 00:08:37.680 --> 00:08:39.589 align:start position:0% you have a strategic plan for how you're going<00:08:37.800> to<00:08:37.860> grow<00:08:38.010> that<00:08:38.070> business<00:08:38.370> and<00:08:38.760> these 00:08:39.589 --> 00:08:39.599 align:start position:0% going to grow that business and these 00:08:39.599 --> 00:08:41.240 align:start position:0% going to grow that business and these are<00:08:39.779> the<00:08:39.930> these<00:08:40.140> are<00:08:40.349> what<00:08:40.560> we<00:08:40.680> feel<00:08:40.860> needs<00:08:41.130> to 00:08:41.240 --> 00:08:41.250 align:start position:0% are the these are what we feel needs to 00:08:41.250 --> 00:08:44.360 align:start position:0% are the these are what we feel needs to happen<00:08:41.519> next<00:08:41.699> so<00:08:42.560> the<00:08:43.560> the<00:08:43.769> next<00:08:44.010> apps<00:08:44.190> will 00:08:44.360 --> 00:08:44.370 align:start position:0% happen next so the the next apps will 00:08:44.370 --> 00:08:46.340 align:start position:0% happen next so the the next apps will answer<00:08:44.490> these<00:08:44.760> questions<00:08:45.149> right<00:08:45.329> so<00:08:45.540> what 00:08:46.340 --> 00:08:46.350 align:start position:0% answer these questions right so what 00:08:46.350 --> 00:08:48.880 align:start position:0% answer these questions right so what problems<00:08:46.860> are<00:08:47.040> we<00:08:47.100> solving<00:08:47.339> for<00:08:47.699> users 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and<00:08:55.530> then<00:08:56.130> are<00:08:56.610> these 00:08:56.840 --> 00:08:56.850 align:start position:0% solved before and then are these 00:08:56.850 --> 00:08:57.890 align:start position:0% solved before and then are these products<00:08:57.240> that<00:08:57.270> are<00:08:57.420> building<00:08:57.690> are<00:08:57.810> they 00:08:57.890 --> 00:08:57.900 align:start position:0% products that are building are they 00:08:57.900 --> 00:08:59.870 align:start position:0% products that are building are they gonna<00:08:58.020> be<00:08:58.140> ten<00:08:58.350> times<00:08:58.500> better<00:08:58.800> than<00:08:59.550> anything 00:08:59.870 --> 00:08:59.880 align:start position:0% gonna be ten times better than anything 00:08:59.880 --> 00:09:03.110 align:start position:0% gonna be ten times better than anything else<00:09:00.090> that<00:09:00.210> exists<00:09:00.600> today<00:09:01.670> and<00:09:02.670> another<00:09:02.940> thing 00:09:03.110 --> 00:09:03.120 align:start position:0% else that exists today and another thing 00:09:03.120 --> 00:09:04.940 align:start position:0% else that exists today and another thing to<00:09:03.210> keep<00:09:03.300> in<00:09:03.420> mind<00:09:03.600> is<00:09:03.780> that<00:09:03.810> we<00:09:04.410> may<00:09:04.560> find<00:09:04.830> that 00:09:04.940 --> 00:09:04.950 align:start position:0% to keep in mind is that we may find that 00:09:04.950 --> 00:09:06.260 align:start position:0% to keep in mind is that we may find that we<00:09:05.040> actually<00:09:05.250> have<00:09:05.460> to<00:09:05.580> leave<00:09:05.730> our<00:09:06.030> comfort 00:09:06.260 --> 00:09:06.270 align:start position:0% we actually have to leave our comfort 00:09:06.270 --> 00:09:08.540 align:start position:0% we actually have to leave our comfort zones<00:09:06.660> and<00:09:06.870> so<00:09:07.050> you<00:09:07.620> know<00:09:07.740> traditionally<00:09:08.430> when 00:09:08.540 --> 00:09:08.550 align:start position:0% zones and so you know traditionally when 00:09:08.550 --> 00:09:09.740 align:start position:0% zones and so you know traditionally when you<00:09:08.580> build<00:09:08.790> a<00:09:08.850> tech<00:09:09.030> product<00:09:09.420> the<00:09:09.540> early 00:09:09.740 --> 00:09:09.750 align:start position:0% you build a tech product the early 00:09:09.750 --> 00:09:11.240 align:start position:0% you build a tech product the early adopters<00:09:10.140> were<00:09:10.260> in<00:09:10.380> Silicon<00:09:10.740> Valley<00:09:10.770> and<00:09:11.190> it 00:09:11.240 --> 00:09:11.250 align:start position:0% adopters were in Silicon Valley and it 00:09:11.250 --> 00:09:13.820 align:start position:0% adopters were in Silicon Valley and it radiated<00:09:11.670> out<00:09:11.790> from<00:09:11.820> there<00:09:12.180> but<00:09:13.020> maybe<00:09:13.200> you 00:09:13.820 --> 00:09:13.830 align:start position:0% radiated out from there but maybe you 00:09:13.830 --> 00:09:15.860 align:start position:0% radiated out from there but maybe you know<00:09:13.950> where<00:09:14.850> we<00:09:15.000> need<00:09:15.150> to<00:09:15.180> go<00:09:15.360> is<00:09:15.540> kind<00:09:15.780> of 00:09:15.860 --> 00:09:15.870 align:start position:0% know where we need to go is kind of 00:09:15.870 --> 00:09:17.960 align:start position:0% know where we need to go is kind of outside<00:09:16.260> of<00:09:16.440> this<00:09:16.590> and<00:09:16.830> go<00:09:17.370> to<00:09:17.430> places<00:09:17.700> where 00:09:17.960 --> 00:09:17.970 align:start position:0% outside of this and go to places where 00:09:17.970 --> 00:09:19.310 align:start position:0% outside of this and go to places where people<00:09:18.150> aren't<00:09:18.480> being<00:09:18.570> served<00:09:18.900> by<00:09:19.050> today's 00:09:19.310 --> 00:09:19.320 align:start position:0% people aren't being served by today's 00:09:19.320 --> 00:09:21.680 align:start position:0% people aren't being served by today's financial<00:09:19.980> system<00:09:20.460> and<00:09:20.670> so<00:09:21.270> that's<00:09:21.510> not 00:09:21.680 --> 00:09:21.690 align:start position:0% financial system and so that's not 00:09:21.690 --> 00:09:23.480 align:start position:0% financial system and so that's not normal<00:09:22.020> but<00:09:22.140> maybe<00:09:22.440> that's<00:09:22.830> the<00:09:23.130> that's<00:09:23.370> an 00:09:23.480 --> 00:09:23.490 align:start position:0% normal but maybe that's the that's an 00:09:23.490 --> 00:09:24.680 align:start position:0% normal but maybe that's the that's an anomaly<00:09:23.700> that's<00:09:24.180> where<00:09:24.300> we<00:09:24.360> have<00:09:24.450> to<00:09:24.480> go<00:09:24.630> to 00:09:24.680 --> 00:09:24.690 align:start position:0% anomaly that's where we have to go to 00:09:24.690 --> 00:09:28.130 align:start position:0% anomaly that's where we have to go to find<00:09:24.900> users<00:09:25.260> and<00:09:25.410> find<00:09:25.500> adoption<00:09:26.990> next<00:09:27.990> if 00:09:28.130 --> 00:09:28.140 align:start position:0% find users and find adoption next if 00:09:28.140 --> 00:09:29.960 align:start position:0% find users and find adoption next if you're<00:09:28.260> trying<00:09:28.440> to<00:09:28.470> pitch<00:09:28.680> your<00:09:28.830> app<00:09:29.100> try<00:09:29.850> and 00:09:29.960 --> 00:09:29.970 align:start position:0% you're trying to pitch your app try and 00:09:29.970 --> 00:09:31.340 align:start position:0% you're trying to pitch your app try and do<00:09:30.090> it<00:09:30.180> without<00:09:30.300> using<00:09:30.690> the<00:09:30.780> word<00:09:30.900> script<00:09:31.230> or 00:09:31.340 --> 00:09:31.350 align:start position:0% do it without using the word script or 00:09:31.350 --> 00:09:33.110 align:start position:0% do it without using the word script or blockchain<00:09:31.800> right<00:09:32.040> it's<00:09:32.220> not<00:09:32.310> easy<00:09:32.520> right 00:09:33.110 --> 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product for people<00:09:42.930> and<00:09:44.150> you've<00:09:45.150> got<00:09:45.270> to<00:09:45.360> keep<00:09:45.450> in<00:09:45.570> mind 00:09:45.740 --> 00:09:45.750 align:start position:0% people and you've got to keep in mind 00:09:45.750 --> 00:09:49.190 align:start position:0% people and you've got to keep in mind that<00:09:46.130> game-changing<00:09:47.130> innovations<00:09:47.670> they<00:09:48.210> the 00:09:49.190 --> 00:09:49.200 align:start position:0% that game-changing innovations they the 00:09:49.200 --> 00:09:51.020 align:start position:0% that game-changing innovations they the eventually<00:09:49.680> rule<00:09:50.370> and<00:09:50.580> they'd<00:09:50.670> eventually 00:09:51.020 --> 00:09:51.030 align:start position:0% eventually rule and they'd eventually 00:09:51.030 --> 00:09:52.940 align:start position:0% eventually rule and they'd eventually take<00:09:51.180> over<00:09:51.450> but<00:09:51.570> it<00:09:51.630> takes<00:09:51.750> time<00:09:51.990> so<00:09:52.290> obviously 00:09:52.940 --> 00:09:52.950 align:start position:0% take over but it takes time so obviously 00:09:52.950 --> 00:09:55.340 align:start position:0% take over but it takes time so obviously when<00:09:53.100> the<00:09:53.310> when<00:09:53.880> the<00:09:53.930> Muraki<00:09:54.930> was<00:09:55.110> first 00:09:55.340 --> 00:09:55.350 align:start position:0% when the when the Muraki was first 00:09:55.350 --> 00:09:58.250 align:start position:0% when the when the Muraki was first created<00:09:55.530> it<00:09:56.310> took<00:09:56.460> I<00:09:56.610> think<00:09:56.790> 23<00:09:57.090> years<00:09:57.480> for<00:09:58.170> us 00:09:58.250 --> 00:09:58.260 align:start position:0% created it took I think 23 years for us 00:09:58.260 --> 00:09:59.780 align:start position:0% created it took I think 23 years for us to<00:09:58.380> actually<00:09:58.530> embrace<00:09:59.040> it<00:09:59.310> and<00:09:59.490> move<00:09:59.640> away 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00:10:07.160 align:start position:0% years ago right there was this whole generation<00:10:06.480> of<00:10:06.510> entrepreneurs<00:10:06.690> that 00:10:07.160 --> 00:10:07.170 align:start position:0% generation of entrepreneurs that 00:10:07.170 --> 00:10:09.350 align:start position:0% generation of entrepreneurs that immediately<00:10:07.530> kind<00:10:08.400> of<00:10:08.550> thought<00:10:08.850> of<00:10:08.970> all<00:10:09.180> of 00:10:09.350 --> 00:10:09.360 align:start position:0% immediately kind of thought of all of 00:10:09.360 --> 00:10:10.340 align:start position:0% immediately kind of thought of all of the<00:10:09.420> new<00:10:09.540> ideas<00:10:09.839> that<00:10:09.960> were<00:10:10.020> going<00:10:10.140> to<00:10:10.230> come 00:10:10.340 --> 00:10:10.350 align:start position:0% the new ideas that were going to come 00:10:10.350 --> 00:10:11.240 align:start position:0% the new ideas that were going to come they<00:10:10.470> thought<00:10:10.589> of<00:10:10.710> everything<00:10:10.950> that<00:10:11.160> you 00:10:11.240 --> 00:10:11.250 align:start position:0% they thought of everything that you 00:10:11.250 --> 00:10:12.620 align:start position:0% they thought of everything that you could<00:10:11.370> possibly<00:10:11.430> do<00:10:11.970> with<00:10:12.089> the<00:10:12.180> Internet<00:10:12.480> and 00:10:12.620 --> 00:10:12.630 align:start position:0% could possibly do with the Internet and 00:10:12.630 --> 00:10:14.480 align:start position:0% could possibly do with the Internet and they<00:10:13.170> built<00:10:13.410> the<00:10:13.589> first<00:10:13.800> prototypes<00:10:14.220> and<00:10:14.400> they 00:10:14.480 --> 00:10:14.490 align:start position:0% they built the first prototypes and they 00:10:14.490 --> 00:10:15.650 align:start position:0% they built the first prototypes and they raised<00:10:14.670> a<00:10:14.700> lot<00:10:14.880> of<00:10:14.910> money<00:10:15.000> and<00:10:15.300> we<00:10:15.450> saw<00:10:15.600> the 00:10:15.650 --> 00:10:15.660 align:start position:0% raised a lot of money and we saw the 00:10:15.660 --> 00:10:17.600 align:start position:0% raised a lot of money and we saw the dot-com<00:10:16.140> boom<00:10:16.320> and<00:10:16.560> most<00:10:17.070> of<00:10:17.190> them<00:10:17.310> ended<00:10:17.520> up 00:10:17.600 --> 00:10:17.610 align:start position:0% dot-com boom and most of them ended up 00:10:17.610 --> 00:10:19.730 align:start position:0% dot-com boom and most of them ended up crashing<00:10:18.060> because<00:10:18.570> it<00:10:18.780> was<00:10:18.930> right<00:10:19.320> idea<00:10:19.680> wrong 00:10:19.730 --> 00:10:19.740 align:start position:0% crashing because it was right idea wrong 00:10:19.740 --> 00:10:22.160 align:start position:0% crashing because it was right idea wrong time<00:10:20.160> just<00:10:20.460> too<00:10:20.580> early<00:10:20.640> and<00:10:21.060> some<00:10:21.839> of<00:10:21.960> course 00:10:22.160 --> 00:10:22.170 align:start position:0% time just too early and some of course 00:10:22.170 --> 00:10:23.480 align:start position:0% time just too early and some of course survived<00:10:22.470> right<00:10:22.680> and<00:10:22.830> so<00:10:22.980> some<00:10:23.280> of<00:10:23.310> the 00:10:23.480 --> 00:10:23.490 align:start position:0% survived right and so some of the 00:10:23.490 --> 00:10:24.890 align:start position:0% survived right and so some of the biggest<00:10:23.670> companies<00:10:24.060> if<00:10:24.180> they<00:10:24.330> like<00:10:24.510> Amazon 00:10:24.890 --> 00:10:24.900 align:start position:0% biggest companies if they like Amazon 00:10:24.900 --> 00:10:27.320 align:start position:0% biggest companies if they like Amazon and<00:10:24.930> Google<00:10:25.110> started<00:10:25.920> then<00:10:26.070> and<00:10:26.100> survived<00:10:26.640> so 00:10:27.320 --> 00:10:27.330 align:start position:0% and Google started then and survived so 00:10:27.330 --> 00:10:29.390 align:start position:0% and Google started then and survived so what<00:10:28.140> we<00:10:28.260> have<00:10:28.350> to<00:10:28.410> keep<00:10:28.530> in<00:10:28.680> mind<00:10:28.860> is<00:10:29.070> when<00:10:29.339> you 00:10:29.390 --> 00:10:29.400 align:start position:0% what we have to keep in mind is when you 00:10:29.400 --> 00:10:30.740 align:start position:0% what we have to keep in mind is when you look<00:10:29.550> at<00:10:29.670> the<00:10:29.760> taps<00:10:29.970> piece<00:10:30.240> today<00:10:30.390> there's<00:10:30.720> a 00:10:30.740 --> 00:10:30.750 align:start position:0% look at the taps piece today there's a 00:10:30.750 --> 00:10:31.790 align:start position:0% look at the taps piece today there's a lot<00:10:30.870> of<00:10:30.960> that<00:10:31.080> too<00:10:31.230> right<00:10:31.380> we<00:10:31.500> have<00:10:31.589> a<00:10:31.620> lot<00:10:31.740> of 00:10:31.790 --> 00:10:31.800 align:start position:0% lot of that too right we have a lot of 00:10:31.800 --> 00:10:34.730 align:start position:0% lot of that too right we have a lot of like<00:10:32.010> ideas<00:10:32.430> that<00:10:32.640> are<00:10:32.790> like<00:10:33.420> amazing<00:10:34.170> really 00:10:34.730 --> 00:10:34.740 align:start position:0% like ideas that are like amazing really 00:10:34.740 --> 00:10:36.470 align:start position:0% like ideas that are like amazing really game-changing<00:10:35.280> ideas<00:10:35.610> but<00:10:35.820> is<00:10:36.120> it<00:10:36.330> too<00:10:36.420> early 00:10:36.470 --> 00:10:36.480 align:start position:0% game-changing ideas but is it too early 00:10:36.480 --> 00:10:38.900 align:start position:0% game-changing ideas but is it too early for<00:10:36.810> some<00:10:36.900> of<00:10:37.020> them<00:10:37.140> probably<00:10:37.710> and<00:10:37.950> so<00:10:38.010> we<00:10:38.820> have 00:10:38.900 --> 00:10:38.910 align:start position:0% for some of them probably and so we have 00:10:38.910 --> 00:10:39.890 align:start position:0% for some of them probably and so we have to<00:10:39.000> figure<00:10:39.210> out<00:10:39.240> what<00:10:39.420> are<00:10:39.480> the<00:10:39.570> ideas<00:10:39.810> that 00:10:39.890 --> 00:10:39.900 align:start position:0% to figure out what are the ideas that 00:10:39.900 --> 00:10:41.360 align:start position:0% to figure out what are the ideas that will<00:10:40.110> actually<00:10:40.230> get<00:10:40.530> traction<00:10:40.860> in<00:10:41.130> today's 00:10:41.360 --> 00:10:41.370 align:start position:0% will actually get traction in today's 00:10:41.370 --> 00:10:46.340 align:start position:0% will actually get traction in today's market<00:10:41.820> and<00:10:44.270> so<00:10:45.270> so<00:10:45.660> that's<00:10:45.839> about<00:10:45.960> you<00:10:46.260> know 00:10:46.340 --> 00:10:46.350 align:start position:0% market and so so that's about you know 00:10:46.350 --> 00:10:48.020 align:start position:0% market and so so that's about you know finding<00:10:46.920> the<00:10:46.980> right<00:10:47.220> use<00:10:47.460> case<00:10:47.640> and<00:10:47.850> finding 00:10:48.020 --> 00:10:48.030 align:start position:0% finding the right use case and finding 00:10:48.030 --> 00:10:49.579 align:start position:0% finding the right use case and finding the<00:10:48.089> right<00:10:48.120> problems<00:10:48.510> to<00:10:48.600> solve<00:10:48.810> would<00:10:49.500> we 00:10:49.579 --> 00:10:49.589 align:start position:0% the right problems to solve would we 00:10:49.589 --> 00:10:50.960 align:start position:0% the right problems to solve would we look<00:10:49.740> at<00:10:49.860> the<00:10:50.280> taps<00:10:50.490> that<00:10:50.640> we<00:10:50.730> have<00:10:50.850> today 00:10:50.960 --> 00:10:50.970 align:start position:0% look at the taps that we have today 00:10:50.970 --> 00:10:52.250 align:start position:0% look at the taps that we have today there<00:10:51.210> are<00:10:51.330> some<00:10:51.540> teams<00:10:51.690> that<00:10:51.930> are<00:10:52.020> super 00:10:52.250 --> 00:10:52.260 align:start position:0% there are some teams that are super 00:10:52.260 --> 00:10:53.660 align:start position:0% there are some teams that are super strong<00:10:52.470> right<00:10:52.680> like<00:10:52.800> we've<00:10:52.980> we've<00:10:53.370> even 00:10:53.660 --> 00:10:53.670 align:start position:0% strong right like we've we've even 00:10:53.670 --> 00:10:54.950 align:start position:0% strong right like we've we've even invested<00:10:54.089> in<00:10:54.180> some<00:10:54.300> of<00:10:54.420> them<00:10:54.510> at<00:10:54.660> corn-based 00:10:54.950 --> 00:10:54.960 align:start position:0% invested in some of them at corn-based 00:10:54.960 --> 00:10:56.720 align:start position:0% invested in some of them at corn-based Ventures<00:10:55.410> they<00:10:56.130> have<00:10:56.250> strong 00:10:56.720 --> 00:10:56.730 align:start position:0% Ventures they have strong 00:10:56.730 --> 00:10:58.130 align:start position:0% Ventures they have strong entrepreneurial<00:10:57.270> teams<00:10:57.570> they're<00:10:57.810> talking<00:10:58.110> to 00:10:58.130 --> 00:10:58.140 align:start position:0% entrepreneurial teams they're talking to 00:10:58.140 --> 00:10:59.440 align:start position:0% entrepreneurial teams they're talking to users<00:10:58.680> trying<00:10:58.920> to<00:10:58.980> solve<00:10:59.190> real<00:10:59.400> problems 00:10:59.440 --> 00:10:59.450 align:start position:0% users trying to solve real problems 00:10:59.450 --> 00:11:02.120 align:start position:0% users trying to solve real problems trying<00:11:00.450> to<00:11:00.540> fix<00:11:00.750> scalability<00:11:01.320> issues<00:11:01.620> but 00:11:02.120 --> 00:11:02.130 align:start position:0% trying to fix scalability issues but 00:11:02.130 --> 00:11:03.320 align:start position:0% trying to fix scalability issues but when<00:11:02.250> we<00:11:02.370> talk<00:11:02.580> to<00:11:02.700> them<00:11:02.820> they<00:11:02.970> say<00:11:03.120> that<00:11:03.270> the 00:11:03.320 --> 00:11:03.330 align:start position:0% when we talk to them they say that the 00:11:03.330 --> 00:11:04.610 align:start position:0% when we talk to them they say that the number<00:11:03.600> one<00:11:03.720> issue<00:11:03.750> that<00:11:04.110> they're<00:11:04.260> having<00:11:04.380> is 00:11:04.610 --> 00:11:04.620 align:start position:0% number one issue that they're having is 00:11:04.620 --> 00:11:06.980 align:start position:0% number one issue that they're having is actually<00:11:05.010> usability<00:11:05.910> and<00:11:06.120> you<00:11:06.720> know<00:11:06.839> so 00:11:06.980 --> 00:11:06.990 align:start position:0% actually usability and you know so 00:11:06.990 --> 00:11:07.840 align:start position:0% actually usability and you know so that's<00:11:07.110> I<00:11:07.350> think<00:11:07.410> the<00:11:07.589> neck 00:11:07.840 --> 00:11:07.850 align:start position:0% that's I think the neck 00:11:07.850 --> 00:11:09.660 align:start position:0% that's I think the neck thing<00:11:08.000> that<00:11:08.149> that<00:11:08.480> we<00:11:08.600> want<00:11:08.750> to<00:11:08.810> talk<00:11:08.930> about<00:11:09.050> is 00:11:09.660 --> 00:11:09.670 align:start position:0% thing that that we want to talk about is 00:11:09.670 --> 00:11:11.829 align:start position:0% thing that that we want to talk about is what's<00:11:10.670> the<00:11:10.819> state<00:11:11.029> of<00:11:11.060> usability<00:11:11.660> and<00:11:11.750> how 00:11:11.829 --> 00:11:11.839 align:start position:0% what's the state of usability and how 00:11:11.839 --> 00:11:14.650 align:start position:0% what's the state of usability and how can<00:11:11.899> we<00:11:12.139> help<00:11:12.380> improve<00:11:12.740> that<00:11:13.360> so<00:11:14.360> I<00:11:14.389> think<00:11:14.569> we 00:11:14.650 --> 00:11:14.660 align:start position:0% can we help improve that so I think we 00:11:14.660 --> 00:11:16.329 align:start position:0% can we help improve that so I think we all<00:11:14.779> agree<00:11:15.019> that<00:11:15.050> the<00:11:15.410> the<00:11:15.769> state<00:11:15.980> of<00:11:16.130> like 00:11:16.329 --> 00:11:16.339 align:start position:0% all agree that the the state of like 00:11:16.339 --> 00:11:18.309 align:start position:0% all agree that the the state of like DAPs<00:11:16.970> to<00:11:17.180> the<00:11:17.300> end<00:11:17.420> using<00:11:17.540> -<00:11:17.779> today<00:11:18.050> is<00:11:18.170> pretty 00:11:18.309 --> 00:11:18.319 align:start position:0% DAPs to the end using - today is pretty 00:11:18.319 --> 00:11:20.980 align:start position:0% DAPs to the end using - today is pretty awful<00:11:18.709> right<00:11:18.920> so<00:11:19.550> just<00:11:20.209> to<00:11:20.269> get<00:11:20.420> started<00:11:20.480> you 00:11:20.980 --> 00:11:20.990 align:start position:0% awful right so just to get started you 00:11:20.990 --> 00:11:23.710 align:start position:0% awful right so just to get started you have<00:11:21.170> to<00:11:21.199> first<00:11:21.889> install<00:11:22.190> a<00:11:22.339> wallet<00:11:22.730> app<00:11:22.880> or<00:11:23.660> a 00:11:23.710 --> 00:11:23.720 align:start position:0% have to first install a wallet app or a 00:11:23.720 --> 00:11:25.840 align:start position:0% have to first install a wallet app or a browser<00:11:23.990> extension<00:11:24.139> then<00:11:25.130> you<00:11:25.279> have<00:11:25.399> to<00:11:25.519> kind 00:11:25.840 --> 00:11:25.850 align:start position:0% browser extension then you have to kind 00:11:25.850 --> 00:11:27.220 align:start position:0% browser extension then you have to kind of<00:11:26.000> write<00:11:26.180> down<00:11:26.209> this<00:11:26.569> 12<00:11:26.870> what<00:11:27.019> recovery 00:11:27.220 --> 00:11:27.230 align:start position:0% of write down this 12 what recovery 00:11:27.230 --> 00:11:29.079 align:start position:0% of write down this 12 what recovery phrase<00:11:27.620> which<00:11:27.829> people<00:11:28.160> completely<00:11:28.579> it's<00:11:29.000> a 00:11:29.079 --> 00:11:29.089 align:start position:0% phrase which people completely it's a 00:11:29.089 --> 00:11:30.579 align:start position:0% phrase which people completely it's a new<00:11:29.240> concept<00:11:29.630> for<00:11:29.660> most<00:11:29.899> people<00:11:30.170> and<00:11:30.350> it's<00:11:30.470> a 00:11:30.579 --> 00:11:30.589 align:start position:0% new concept for most people and it's a 00:11:30.589 --> 00:11:32.769 align:start position:0% new concept for most people and it's a complete<00:11:31.040> pain<00:11:31.190> in<00:11:31.339> the<00:11:31.399> ass<00:11:31.519> then<00:11:32.480> you've<00:11:32.630> got 00:11:32.769 --> 00:11:32.779 align:start position:0% complete pain in the ass then you've got 00:11:32.779 --> 00:11:34.960 align:start position:0% complete pain in the ass then you've got to<00:11:32.870> go<00:11:32.959> to<00:11:33.019> cryptography<00:11:33.889> at<00:11:34.220> exchange<00:11:34.670> or 00:11:34.960 --> 00:11:34.970 align:start position:0% to go to cryptography at exchange or 00:11:34.970 --> 00:11:36.999 align:start position:0% to go to cryptography at exchange or fear<00:11:35.120> -<00:11:35.240> crypto<00:11:35.480> exchange<00:11:35.810> and<00:11:36.050> by<00:11:36.620> crypto 00:11:36.999 --> 00:11:37.009 align:start position:0% fear - crypto exchange and by crypto 00:11:37.009 --> 00:11:38.650 align:start position:0% fear - crypto exchange and by crypto then<00:11:37.550> you've<00:11:37.670> got<00:11:37.790> a<00:11:37.819> copy<00:11:38.029> and<00:11:38.269> paste<00:11:38.480> your 00:11:38.650 --> 00:11:38.660 align:start position:0% then you've got a copy and paste your 00:11:38.660 --> 00:11:40.420 align:start position:0% then you've got a copy and paste your wallet<00:11:38.930> address<00:11:39.259> over<00:11:39.470> to<00:11:39.649> the<00:11:39.740> exchange<00:11:40.130> and 00:11:40.420 --> 00:11:40.430 align:start position:0% wallet address over to the exchange and 00:11:40.430 --> 00:11:42.579 align:start position:0% wallet address over to the exchange and send<00:11:41.240> the<00:11:41.360> money<00:11:41.509> across<00:11:41.870> then<00:11:42.259> you<00:11:42.350> wait<00:11:42.500> for 00:11:42.579 --> 00:11:42.589 align:start position:0% send the money across then you wait for 00:11:42.589 --> 00:11:45.160 align:start position:0% send the money across then you wait for 5<00:11:42.829> or<00:11:42.860> 10<00:11:43.009> minutes<00:11:43.100> the<00:11:43.910> money<00:11:44.089> shows<00:11:44.329> up<00:11:44.540> you 00:11:45.160 --> 00:11:45.170 align:start position:0% 5 or 10 minutes the money shows up you 00:11:45.170 --> 00:11:46.389 align:start position:0% 5 or 10 minutes the money shows up you go<00:11:45.319> to<00:11:45.380> you<00:11:45.709> go<00:11:45.829> to<00:11:45.860> kick<00:11:46.100> off<00:11:46.250> your 00:11:46.389 --> 00:11:46.399 align:start position:0% go to you go to kick off your 00:11:46.399 --> 00:11:48.699 align:start position:0% go to you go to kick off your transaction<00:11:47.029> you<00:11:47.690> see<00:11:47.870> gas<00:11:48.050> prices<00:11:48.529> and 00:11:48.699 --> 00:11:48.709 align:start position:0% transaction you see gas prices and 00:11:48.709 --> 00:11:49.870 align:start position:0% transaction you see gas prices and you're<00:11:48.800> like<00:11:48.980> if<00:11:49.250> you're<00:11:49.430> new<00:11:49.579> you're<00:11:49.699> like 00:11:49.870 --> 00:11:49.880 align:start position:0% you're like if you're new you're like 00:11:49.880 --> 00:11:51.249 align:start position:0% you're like if you're new you're like what<00:11:50.180> the<00:11:50.240> hell<00:11:50.329> is<00:11:50.420> a<00:11:50.449> gas<00:11:50.660> price<00:11:50.930> and<00:11:51.199> you 00:11:51.249 --> 00:11:51.259 align:start position:0% what the hell is a gas price and you 00:11:51.259 --> 00:11:52.480 align:start position:0% what the hell is a gas price and you know<00:11:51.350> then<00:11:51.529> you<00:11:51.560> come<00:11:51.769> to<00:11:51.860> terms<00:11:52.040> of<00:11:52.190> that<00:11:52.310> you 00:11:52.480 --> 00:11:52.490 align:start position:0% know then you come to terms of that you 00:11:52.490 --> 00:11:54.730 align:start position:0% know then you come to terms of that you you<00:11:53.029> enter<00:11:53.269> the<00:11:53.360> transaction<00:11:53.690> wait<00:11:54.500> a<00:11:54.560> few 00:11:54.730 --> 00:11:54.740 align:start position:0% you enter the transaction wait a few 00:11:54.740 --> 00:11:56.470 align:start position:0% you enter the transaction wait a few more<00:11:54.860> minutes<00:11:55.009> the<00:11:55.279> UI<00:11:55.430> updates<00:11:55.699> and<00:11:56.180> finally 00:11:56.470 --> 00:11:56.480 align:start position:0% more minutes the UI updates and finally 00:11:56.480 --> 00:11:57.840 align:start position:0% more minutes the UI updates and finally it's<00:11:56.600> like<00:11:56.779> mission<00:11:57.079> accomplished<00:11:57.589> and 00:11:57.840 --> 00:11:57.850 align:start position:0% it's like mission accomplished and 00:11:57.850 --> 00:12:00.430 align:start position:0% it's like mission accomplished and that's<00:11:58.850> pretty<00:11:59.060> painful<00:11:59.300> and<00:11:59.660> you<00:12:00.319> know<00:12:00.410> I 00:12:00.430 --> 00:12:00.440 align:start position:0% that's pretty painful and you know I 00:12:00.440 --> 00:12:01.780 align:start position:0% that's pretty painful and you know I think<00:12:00.560> most<00:12:00.829> of<00:12:00.920> us<00:12:01.040> here<00:12:01.220> in<00:12:01.339> the<00:12:01.430> room<00:12:01.579> today 00:12:01.780 --> 00:12:01.790 align:start position:0% think most of us here in the room today 00:12:01.790 --> 00:12:04.090 align:start position:0% think most of us here in the room today we<00:12:02.540> have<00:12:02.690> this<00:12:02.839> dream<00:12:03.079> that<00:12:03.259> we<00:12:03.350> want<00:12:03.529> to<00:12:03.620> we 00:12:04.090 --> 00:12:04.100 align:start position:0% we have this dream that we want to we 00:12:04.100 --> 00:12:05.889 align:start position:0% we have this dream that we want to we want<00:12:04.279> to<00:12:04.310> like<00:12:04.459> we<00:12:04.819> want<00:12:04.970> to<00:12:05.000> replace<00:12:05.269> we<00:12:05.509> have 00:12:05.889 --> 00:12:05.899 align:start position:0% want to like we want to replace we have 00:12:05.899 --> 00:12:07.540 align:start position:0% want to like we want to replace we have this<00:12:06.050> new<00:12:06.139> technology<00:12:06.649> that<00:12:06.860> can<00:12:07.279> build<00:12:07.459> an 00:12:07.540 --> 00:12:07.550 align:start position:0% this new technology that can build an 00:12:07.550 --> 00:12:09.519 align:start position:0% this new technology that can build an open<00:12:07.610> financial<00:12:08.149> system<00:12:08.480> and<00:12:08.660> we<00:12:09.290> want<00:12:09.410> to 00:12:09.519 --> 00:12:09.529 align:start position:0% open financial system and we want to 00:12:09.529 --> 00:12:11.110 align:start position:0% open financial system and we want to replace<00:12:09.860> like<00:12:10.100> the<00:12:10.250> entrenched<00:12:10.670> interest<00:12:11.000> of 00:12:11.110 --> 00:12:11.120 align:start position:0% replace like the entrenched interest of 00:12:11.120 --> 00:12:13.079 align:start position:0% replace like the entrenched interest of Wall<00:12:11.300> Street<00:12:11.540> right<00:12:11.750> but<00:12:12.410> here's<00:12:12.620> the<00:12:12.709> problem 00:12:13.079 --> 00:12:13.089 align:start position:0% Wall Street right but here's the problem 00:12:13.089 --> 00:12:15.879 align:start position:0% Wall Street right but here's the problem the<00:12:14.089> user<00:12:14.240> experience<00:12:14.630> today<00:12:14.959> because<00:12:15.740> of 00:12:15.879 --> 00:12:15.889 align:start position:0% the user experience today because of 00:12:15.889 --> 00:12:17.579 align:start position:0% the user experience today because of FinTech<00:12:16.069> the<00:12:16.370> user<00:12:16.519> experience<00:12:17.120> on 00:12:17.579 --> 00:12:17.589 align:start position:0% FinTech the user experience on 00:12:17.589 --> 00:12:19.660 align:start position:0% FinTech the user experience on traditional<00:12:18.589> finance<00:12:18.949> has<00:12:19.160> become<00:12:19.459> really 00:12:19.660 --> 00:12:19.670 align:start position:0% traditional finance has become really 00:12:19.670 --> 00:12:22.389 align:start position:0% traditional finance has become really really<00:12:20.060> good<00:12:20.269> and<00:12:20.420> so<00:12:21.139> you<00:12:21.740> know<00:12:21.889> there's<00:12:22.189> and 00:12:22.389 --> 00:12:22.399 align:start position:0% really good and so you know there's and 00:12:22.399 --> 00:12:23.350 align:start position:0% really good and so you know there's and both<00:12:22.519> the<00:12:22.639> user<00:12:22.790> experience<00:12:23.000> and<00:12:23.300> the 00:12:23.350 --> 00:12:23.360 align:start position:0% both the user experience and the 00:12:23.360 --> 00:12:24.879 align:start position:0% both the user experience and the distribution<00:12:23.930> so<00:12:24.380> you<00:12:24.439> know<00:12:24.649> there's<00:12:24.829> a 00:12:24.879 --> 00:12:24.889 align:start position:0% distribution so you know there's a 00:12:24.889 --> 00:12:26.860 align:start position:0% distribution so you know there's a billion<00:12:25.850> people<00:12:26.000> around<00:12:26.389> the<00:12:26.540> world<00:12:26.689> that 00:12:26.860 --> 00:12:26.870 align:start position:0% billion people around the world that 00:12:26.870 --> 00:12:29.230 align:start position:0% billion people around the world that have<00:12:27.050> visas<00:12:27.740> and<00:12:27.949> mastercards<00:12:28.519> and<00:12:28.670> they<00:12:29.089> can 00:12:29.230 --> 00:12:29.240 align:start position:0% have visas and mastercards and they can 00:12:29.240 --> 00:12:31.090 align:start position:0% have visas and mastercards and they can make<00:12:29.360> electronic<00:12:29.810> payments<00:12:30.410> anywhere 00:12:31.090 --> 00:12:31.100 align:start position:0% make electronic payments anywhere 00:12:31.100 --> 00:12:34.150 align:start position:0% make electronic payments anywhere anytime<00:12:31.519> with<00:12:32.110> striped<00:12:33.110> developers<00:12:33.949> can 00:12:34.150 --> 00:12:34.160 align:start position:0% anytime with striped developers can 00:12:34.160 --> 00:12:35.769 align:start position:0% anytime with striped developers can start<00:12:34.399> to<00:12:34.490> accept<00:12:34.790> crypto<00:12:35.120> payments<00:12:35.569> with 00:12:35.769 --> 00:12:35.779 align:start position:0% start to accept crypto payments with 00:12:35.779 --> 00:12:37.240 align:start position:0% start to accept crypto payments with just<00:12:35.930> a<00:12:35.990> couple<00:12:36.230> of<00:12:36.290> lines<00:12:36.439> of<00:12:36.649> code<00:12:36.829> in<00:12:36.980> 60 00:12:37.240 --> 00:12:37.250 align:start position:0% just a couple of lines of code in 60 00:12:37.250 --> 00:12:39.670 align:start position:0% just a couple of lines of code in 60 seconds<00:12:37.610> I<00:12:37.819> can<00:12:38.480> send<00:12:38.689> money<00:12:38.810> to<00:12:38.899> my<00:12:39.110> family<00:12:39.560> in 00:12:39.670 --> 00:12:39.680 align:start position:0% seconds I can send money to my family in 00:12:39.680 --> 00:12:41.590 align:start position:0% seconds I can send money to my family in India<00:12:40.040> with<00:12:40.579> transferwise<00:12:41.089> basically 00:12:41.590 --> 00:12:41.600 align:start position:0% India with transferwise basically 00:12:41.600 --> 00:12:43.800 align:start position:0% India with transferwise basically overnight<00:12:41.990> for<00:12:42.259> like<00:12:42.380> maybe<00:12:42.560> 10<00:12:42.800> bucks<00:12:43.040> right 00:12:43.800 --> 00:12:43.810 align:start position:0% overnight for like maybe 10 bucks right 00:12:43.810 --> 00:12:45.519 align:start position:0% overnight for like maybe 10 bucks right apps<00:12:44.810> like<00:12:45.110> venmo 00:12:45.519 --> 00:12:45.529 align:start position:0% apps like venmo 00:12:45.529 --> 00:12:47.590 align:start position:0% apps like venmo ali<00:12:45.740> PA<00:12:46.009> WeChat<00:12:46.459> you<00:12:46.699> can<00:12:46.850> send<00:12:47.060> money<00:12:47.209> like 00:12:47.590 --> 00:12:47.600 align:start position:0% ali PA WeChat you can send money like 00:12:47.600 --> 00:12:50.170 align:start position:0% ali PA WeChat you can send money like sending<00:12:47.870> a<00:12:47.959> text<00:12:48.170> message<00:12:48.880> Google<00:12:49.880> pay<00:12:50.029> Apple 00:12:50.170 --> 00:12:50.180 align:start position:0% sending a text message Google pay Apple 00:12:50.180 --> 00:12:51.639 align:start position:0% sending a text message Google pay Apple pay<00:12:50.509> make<00:12:50.750> it<00:12:50.870> really<00:12:51.079> easy<00:12:51.110> to<00:12:51.350> just<00:12:51.470> check 00:12:51.639 --> 00:12:51.649 align:start position:0% pay make it really easy to just check 00:12:51.649 --> 00:12:54.639 align:start position:0% pay make it really easy to just check out<00:12:51.860> and<00:12:52.130> so<00:12:52.880> whether<00:12:53.779> we<00:12:53.930> like<00:12:54.110> it<00:12:54.230> or<00:12:54.319> not<00:12:54.350> we 00:12:54.639 --> 00:12:54.649 align:start position:0% out and so whether we like it or not we 00:12:54.649 --> 00:12:56.949 align:start position:0% out and so whether we like it or not we were<00:12:55.069> trying<00:12:55.310> to<00:12:55.490> replace<00:12:56.180> a<00:12:56.240> system<00:12:56.720> that<00:12:56.870> is 00:12:56.949 --> 00:12:56.959 align:start position:0% were trying to replace a system that is 00:12:56.959 --> 00:12:58.689 align:start position:0% were trying to replace a system that is set<00:12:57.079> a<00:12:57.139> really<00:12:57.439> high<00:12:57.470> bar<00:12:57.860> for<00:12:57.920> usability<00:12:58.519> and 00:12:58.689 --> 00:12:58.699 align:start position:0% set a really high bar for usability and 00:12:58.699 --> 00:13:00.670 align:start position:0% set a really high bar for usability and that's<00:12:59.600> a<00:12:59.720> lesson<00:12:59.990> we<00:13:00.110> learnt<00:13:00.319> at<00:13:00.410> coinbase 00:13:00.670 --> 00:13:00.680 align:start position:0% that's a lesson we learnt at coinbase 00:13:00.680 --> 00:13:03.220 align:start position:0% that's a lesson we learnt at coinbase pretty<00:13:01.040> early<00:13:01.130> right<00:13:01.480> if<00:13:02.480> you<00:13:02.600> look<00:13:02.839> at<00:13:03.019> our 00:13:03.220 --> 00:13:03.230 align:start position:0% pretty early right if you look at our 00:13:03.230 --> 00:13:05.650 align:start position:0% pretty early right if you look at our website<00:13:03.980> five<00:13:04.850> years<00:13:05.060> ago<00:13:05.240> you<00:13:05.300> look<00:13:05.480> at<00:13:05.569> our 00:13:05.650 --> 00:13:05.660 align:start position:0% website five years ago you look at our 00:13:05.660 --> 00:13:08.499 align:start position:0% website five years ago you look at our website<00:13:05.839> today<00:13:06.250> the<00:13:07.250> the<00:13:07.279> pitch<00:13:07.970> remains<00:13:08.360> the 00:13:08.499 --> 00:13:08.509 align:start position:0% website today the the pitch remains the 00:13:08.509 --> 00:13:09.579 align:start position:0% website today the the pitch remains the same<00:13:08.689> we're<00:13:08.899> like<00:13:08.990> if<00:13:09.139> you<00:13:09.259> want<00:13:09.439> to<00:13:09.470> buy 00:13:09.579 --> 00:13:09.589 align:start position:0% same we're like if you want to buy 00:13:09.589 --> 00:13:12.249 align:start position:0% same we're like if you want to buy crypto<00:13:10.009> we<00:13:10.939> are<00:13:11.089> the<00:13:11.240> easiest<00:13:11.750> place<00:13:11.990> to<00:13:12.139> do<00:13:12.230> it 00:13:12.249 --> 00:13:12.259 align:start position:0% crypto we are the easiest place to do it 00:13:12.259 --> 00:13:13.360 align:start position:0% crypto we are the easiest place to do it the<00:13:12.410> easiest<00:13:12.649> and<00:13:12.829> the<00:13:12.860> most<00:13:12.949> trustworthy 00:13:13.360 --> 00:13:13.370 align:start position:0% the easiest and the most trustworthy 00:13:13.370 --> 00:13:14.079 align:start position:0% the easiest and the most trustworthy place<00:13:13.699> to<00:13:13.819> do<00:13:13.939> it 00:13:14.079 --> 00:13:14.089 align:start position:0% place to do it 00:13:14.089 --> 00:13:15.639 align:start position:0% place to do it and<00:13:14.209> that<00:13:14.630> works<00:13:14.870> really<00:13:14.930> well<00:13:15.139> for<00:13:15.380> us<00:13:15.439> right 00:13:15.639 --> 00:13:15.649 align:start position:0% and that works really well for us right 00:13:15.649 --> 00:13:17.379 align:start position:0% and that works really well for us right there<00:13:15.860> were<00:13:15.949> dozens<00:13:16.490> of<00:13:16.730> other<00:13:16.910> exchanges 00:13:17.379 --> 00:13:17.389 align:start position:0% there were dozens of other exchanges 00:13:17.389 --> 00:13:18.759 align:start position:0% there were dozens of other exchanges back<00:13:17.569> then<00:13:17.779> there<00:13:17.930> are<00:13:17.990> dozens<00:13:18.260> of<00:13:18.290> exchanges 00:13:18.759 --> 00:13:18.769 align:start position:0% back then there are dozens of exchanges 00:13:18.769 --> 00:13:20.470 align:start position:0% back then there are dozens of exchanges now<00:13:18.949> and<00:13:19.220> they're<00:13:19.790> all<00:13:19.880> offering<00:13:20.209> the<00:13:20.300> same 00:13:20.470 --> 00:13:20.480 align:start position:0% now and they're all offering the same 00:13:20.480 --> 00:13:21.580 align:start position:0% now and they're all offering the same basic<00:13:20.959> thing<00:13:21.199> of<00:13:21.290> bank 00:13:21.580 --> 00:13:21.590 align:start position:0% basic thing of bank 00:13:21.590 --> 00:13:23.350 align:start position:0% basic thing of bank Krypto<00:13:21.860> but<00:13:22.430> we<00:13:22.550> were<00:13:22.640> able<00:13:22.880> to<00:13:22.910> differentiate 00:13:23.350 --> 00:13:23.360 align:start position:0% Krypto but we were able to differentiate 00:13:23.360 --> 00:13:25.270 align:start position:0% Krypto but we were able to differentiate ourselves<00:13:23.600> by<00:13:24.440> creating<00:13:24.830> a<00:13:24.890> good<00:13:25.040> user 00:13:25.270 --> 00:13:25.280 align:start position:0% ourselves by creating a good user 00:13:25.280 --> 00:13:27.430 align:start position:0% ourselves by creating a good user experience<00:13:25.430> and<00:13:26.060> so<00:13:26.540> that's<00:13:26.750> something<00:13:27.200> which 00:13:27.430 --> 00:13:27.440 align:start position:0% experience and so that's something which 00:13:27.440 --> 00:13:28.750 align:start position:0% experience and so that's something which you<00:13:27.680> know<00:13:27.800> we're<00:13:27.980> now<00:13:28.100> trying<00:13:28.280> to<00:13:28.370> bring<00:13:28.610> the 00:13:28.750 --> 00:13:28.760 align:start position:0% you know we're now trying to bring the 00:13:28.760 --> 00:13:30.790 align:start position:0% you know we're now trying to bring the coin<00:13:28.880> vs<00:13:29.150> wallet<00:13:29.450> and<00:13:29.570> we're<00:13:30.470> trying<00:13:30.620> to<00:13:30.680> bring 00:13:30.790 --> 00:13:30.800 align:start position:0% coin vs wallet and we're trying to bring 00:13:30.800 --> 00:13:32.350 align:start position:0% coin vs wallet and we're trying to bring that<00:13:30.890> same<00:13:31.040> ethos<00:13:31.430> and<00:13:31.640> over<00:13:31.940> the<00:13:32.030> next<00:13:32.180> few 00:13:32.350 --> 00:13:32.360 align:start position:0% that same ethos and over the next few 00:13:32.360 --> 00:13:34.090 align:start position:0% that same ethos and over the next few months<00:13:32.540> what<00:13:32.780> you're<00:13:32.900> gonna<00:13:32.990> see<00:13:33.230> is<00:13:33.410> we're 00:13:34.090 --> 00:13:34.100 align:start position:0% months what you're gonna see is we're 00:13:34.100 --> 00:13:35.410 align:start position:0% months what you're gonna see is we're gonna<00:13:34.190> try<00:13:34.370> and<00:13:34.520> make<00:13:34.580> it<00:13:34.700> really<00:13:35.120> easy<00:13:35.150> to 00:13:35.410 --> 00:13:35.420 align:start position:0% gonna try and make it really easy to 00:13:35.420 --> 00:13:37.600 align:start position:0% gonna try and make it really easy to fund<00:13:35.630> your<00:13:35.720> wallet<00:13:36.220> we're<00:13:37.220> gonna<00:13:37.310> try<00:13:37.520> and 00:13:37.600 --> 00:13:37.610 align:start position:0% fund your wallet we're gonna try and 00:13:37.610 --> 00:13:39.820 align:start position:0% fund your wallet we're gonna try and make<00:13:37.730> it<00:13:37.850> easier<00:13:38.210> to<00:13:38.330> use<00:13:38.900> recovery<00:13:39.230> phrases 00:13:39.820 --> 00:13:39.830 align:start position:0% make it easier to use recovery phrases 00:13:39.830 --> 00:13:41.320 align:start position:0% make it easier to use recovery phrases and<00:13:40.010> manage<00:13:40.280> that<00:13:40.460> and<00:13:40.640> actually<00:13:40.970> not<00:13:41.120> have<00:13:41.240> to 00:13:41.320 --> 00:13:41.330 align:start position:0% and manage that and actually not have to 00:13:41.330 --> 00:13:42.580 align:start position:0% and manage that and actually not have to manage<00:13:41.570> it<00:13:41.630> at<00:13:41.720> all<00:13:41.810> if<00:13:41.960> you<00:13:42.020> can<00:13:42.200> avoid<00:13:42.410> it 00:13:42.580 --> 00:13:42.590 align:start position:0% manage it at all if you can avoid it 00:13:42.590 --> 00:13:44.860 align:start position:0% manage it at all if you can avoid it we're<00:13:43.550> trying<00:13:43.640> to<00:13:43.820> break<00:13:44.000> the<00:13:44.270> boundaries<00:13:44.810> of 00:13:44.860 --> 00:13:44.870 align:start position:0% we're trying to break the boundaries of 00:13:44.870 --> 00:13:46.960 align:start position:0% we're trying to break the boundaries of the<00:13:45.110> DAP<00:13:45.290> browser<00:13:45.590> so<00:13:45.980> we<00:13:46.490> don't<00:13:46.610> want<00:13:46.730> it<00:13:46.820> have 00:13:46.960 --> 00:13:46.970 align:start position:0% the DAP browser so we don't want it have 00:13:46.970 --> 00:13:48.670 align:start position:0% the DAP browser so we don't want it have to<00:13:47.090> only<00:13:47.240> open<00:13:47.450> a<00:13:47.660> daffy<00:13:47.870> browser<00:13:48.170> and<00:13:48.440> use<00:13:48.530> the 00:13:48.670 --> 00:13:48.680 align:start position:0% to only open a daffy browser and use the 00:13:48.680 --> 00:13:49.810 align:start position:0% to only open a daffy browser and use the apps<00:13:48.800> you<00:13:48.920> want<00:13:49.010> you<00:13:49.130> to<00:13:49.220> be<00:13:49.310> able<00:13:49.430> to<00:13:49.490> use<00:13:49.610> them 00:13:49.810 --> 00:13:49.820 align:start position:0% apps you want you to be able to use them 00:13:49.820 --> 00:13:52.240 align:start position:0% apps you want you to be able to use them anywhere<00:13:50.470> we<00:13:51.470> want<00:13:51.650> you<00:13:51.740> to<00:13:51.800> be<00:13:51.860> able<00:13:51.920> to<00:13:52.040> send 00:13:52.240 --> 00:13:52.250 align:start position:0% anywhere we want you to be able to send 00:13:52.250 --> 00:13:54.640 align:start position:0% anywhere we want you to be able to send to<00:13:52.430> friends<00:13:52.850> and<00:13:53.030> not<00:13:53.180> like<00:13:53.870> 40<00:13:54.350> digit 00:13:54.640 --> 00:13:54.650 align:start position:0% to friends and not like 40 digit 00:13:54.650 --> 00:13:56.890 align:start position:0% to friends and not like 40 digit addresses<00:13:55.330> we<00:13:56.330> want<00:13:56.480> you<00:13:56.570> to<00:13:56.660> be<00:13:56.750> able<00:13:56.810> to 00:13:56.890 --> 00:13:56.900 align:start position:0% addresses we want you to be able to 00:13:56.900 --> 00:13:59.140 align:start position:0% addresses we want you to be able to discovered<00:13:57.380> apps<00:13:57.560> more<00:13:57.860> easily<00:13:58.160> and<00:13:58.430> finally 00:13:59.140 --> 00:13:59.150 align:start position:0% discovered apps more easily and finally 00:13:59.150 --> 00:14:00.550 align:start position:0% discovered apps more easily and finally we<00:13:59.240> want<00:13:59.450> to<00:13:59.510> also<00:13:59.780> enable<00:13:59.960> commerce<00:14:00.410> we 00:14:00.550 --> 00:14:00.560 align:start position:0% we want to also enable commerce we 00:14:00.560 --> 00:14:02.050 align:start position:0% we want to also enable commerce we wanted<00:14:00.800> to<00:14:00.890> be<00:14:01.010> really<00:14:01.250> frictionless<00:14:01.820> to<00:14:01.970> be 00:14:02.050 --> 00:14:02.060 align:start position:0% wanted to be really frictionless to be 00:14:02.060 --> 00:14:04.240 align:start position:0% wanted to be really frictionless to be able<00:14:02.120> to<00:14:02.270> go<00:14:02.990> and<00:14:03.110> buy<00:14:03.260> stuff<00:14:03.500> on<00:14:04.040> the<00:14:04.160> internet 00:14:04.240 --> 00:14:04.250 align:start position:0% able to go and buy stuff on the internet 00:14:04.250 --> 00:14:07.690 align:start position:0% able to go and buy stuff on the internet with<00:14:04.550> crypto<00:14:04.930> so<00:14:05.930> our<00:14:06.500> goal<00:14:06.770> is<00:14:07.040> I<00:14:07.340> showed<00:14:07.610> you 00:14:07.690 --> 00:14:07.700 align:start position:0% with crypto so our goal is I showed you 00:14:07.700 --> 00:14:09.250 align:start position:0% with crypto so our goal is I showed you this<00:14:07.820> chart<00:14:07.970> before<00:14:08.150> our<00:14:08.870> goal<00:14:09.110> is<00:14:09.230> to 00:14:09.250 --> 00:14:09.260 align:start position:0% this chart before our goal is to 00:14:09.260 --> 00:14:11.380 align:start position:0% this chart before our goal is to drastically<00:14:09.890> reduce<00:14:10.190> the<00:14:10.490> friction<00:14:10.910> involved 00:14:11.380 --> 00:14:11.390 align:start position:0% drastically reduce the friction involved 00:14:11.390 --> 00:14:13.810 align:start position:0% drastically reduce the friction involved with<00:14:11.960> onboarding<00:14:12.440> we<00:14:12.920> know<00:14:13.040> that<00:14:13.220> when<00:14:13.370> daps 00:14:13.810 --> 00:14:13.820 align:start position:0% with onboarding we know that when daps 00:14:13.820 --> 00:14:16.450 align:start position:0% with onboarding we know that when daps builders<00:14:14.780> create<00:14:15.230> apps<00:14:15.470> they<00:14:16.040> do<00:14:16.100> a<00:14:16.220> lot<00:14:16.340> of 00:14:16.450 --> 00:14:16.460 align:start position:0% builders create apps they do a lot of 00:14:16.460 --> 00:14:18.550 align:start position:0% builders create apps they do a lot of work<00:14:16.640> to<00:14:16.790> get<00:14:16.880> people<00:14:17.210> on<00:14:17.360> onto<00:14:18.020> their<00:14:18.170> DAP<00:14:18.350> and 00:14:18.550 --> 00:14:18.560 align:start position:0% work to get people on onto their DAP and 00:14:18.560 --> 00:14:19.930 align:start position:0% work to get people on onto their DAP and then<00:14:18.680> they<00:14:18.740> have<00:14:18.830> to<00:14:18.890> hand<00:14:19.040> their<00:14:19.250> their 00:14:19.930 --> 00:14:19.940 align:start position:0% then they have to hand their their 00:14:19.940 --> 00:14:21.610 align:start position:0% then they have to hand their their customer<00:14:20.330> off<00:14:20.480> to<00:14:20.660> a<00:14:20.690> wallet<00:14:21.020> we<00:14:21.350> take<00:14:21.500> that 00:14:21.610 --> 00:14:21.620 align:start position:0% customer off to a wallet we take that 00:14:21.620 --> 00:14:23.470 align:start position:0% customer off to a wallet we take that responsibility<00:14:21.740> pretty<00:14:22.430> seriously<00:14:22.730> and<00:14:22.970> so 00:14:23.470 --> 00:14:23.480 align:start position:0% responsibility pretty seriously and so 00:14:23.480 --> 00:14:27.550 align:start position:0% responsibility pretty seriously and so we're<00:14:23.630> trying<00:14:23.720> to<00:14:23.840> fix<00:14:24.020> the<00:14:24.170> experience<00:14:26.560> and 00:14:27.550 --> 00:14:27.560 align:start position:0% we're trying to fix the experience and 00:14:27.560 --> 00:14:29.350 align:start position:0% we're trying to fix the experience and if<00:14:27.680> you're<00:14:27.830> that<00:14:28.040> builder<00:14:28.430> right<00:14:28.940> there's 00:14:29.350 --> 00:14:29.360 align:start position:0% if you're that builder right there's 00:14:29.360 --> 00:14:30.850 align:start position:0% if you're that builder right there's this<00:14:29.930> basically<00:14:30.320> a<00:14:30.410> design<00:14:30.680> revolution 00:14:30.850 --> 00:14:30.860 align:start position:0% this basically a design revolution 00:14:30.860 --> 00:14:32.440 align:start position:0% this basically a design revolution that's<00:14:31.370> been<00:14:31.490> happening<00:14:31.610> over<00:14:31.850> the<00:14:31.970> last<00:14:32.120> six 00:14:32.440 --> 00:14:32.450 align:start position:0% that's been happening over the last six 00:14:32.450 --> 00:14:34.690 align:start position:0% that's been happening over the last six to<00:14:32.510> twelve<00:14:32.780> months<00:14:32.840> and<00:14:33.370> there's<00:14:34.370> a<00:14:34.460> ton<00:14:34.670> of 00:14:34.690 --> 00:14:34.700 align:start position:0% to twelve months and there's a ton of 00:14:34.700 --> 00:14:36.010 align:start position:0% to twelve months and there's a ton of designers<00:14:35.240> that<00:14:35.270> event<00:14:35.570> of<00:14:35.690> the<00:14:35.780> space 00:14:36.010 --> 00:14:36.020 align:start position:0% designers that event of the space 00:14:36.020 --> 00:14:37.240 align:start position:0% designers that event of the space they're<00:14:36.290> sharing<00:14:36.590> their<00:14:36.680> knowledge<00:14:37.040> and 00:14:37.240 --> 00:14:37.250 align:start position:0% they're sharing their knowledge and 00:14:37.250 --> 00:14:38.590 align:start position:0% they're sharing their knowledge and they're<00:14:37.730> really<00:14:37.910> they're<00:14:38.060> helping<00:14:38.330> us<00:14:38.450> see 00:14:38.590 --> 00:14:38.600 align:start position:0% they're really they're helping us see 00:14:38.600 --> 00:14:40.300 align:start position:0% they're really they're helping us see whether<00:14:38.810> were<00:14:39.020> wallet<00:14:39.470> builder<00:14:39.800> or<00:14:40.010> ad<00:14:40.160> app 00:14:40.300 --> 00:14:40.310 align:start position:0% whether were wallet builder or ad app 00:14:40.310 --> 00:14:42.460 align:start position:0% whether were wallet builder or ad app builder<00:14:40.670> they<00:14:41.360> helping<00:14:41.630> us<00:14:41.780> see<00:14:42.020> this<00:14:42.200> space 00:14:42.460 --> 00:14:42.470 align:start position:0% builder they helping us see this space 00:14:42.470 --> 00:14:44.860 align:start position:0% builder they helping us see this space from<00:14:42.950> just<00:14:43.670> a<00:14:43.760> different<00:14:44.090> lens<00:14:44.210> from<00:14:44.390> the<00:14:44.690> lens 00:14:44.860 --> 00:14:44.870 align:start position:0% from just a different lens from the lens 00:14:44.870 --> 00:14:46.990 align:start position:0% from just a different lens from the lens surfer<00:14:45.170> of<00:14:45.410> a<00:14:45.800> beginner<00:14:46.100> and<00:14:46.370> you<00:14:46.760> know<00:14:46.850> we're 00:14:46.990 --> 00:14:47.000 align:start position:0% surfer of a beginner and you know we're 00:14:47.000 --> 00:14:48.400 align:start position:0% surfer of a beginner and you know we're all<00:14:47.120> crypto<00:14:47.450> nerds<00:14:47.690> and<00:14:47.900> we're<00:14:48.020> so<00:14:48.170> immersed 00:14:48.400 --> 00:14:48.410 align:start position:0% all crypto nerds and we're so immersed 00:14:48.410 --> 00:14:50.500 align:start position:0% all crypto nerds and we're so immersed in<00:14:48.620> the<00:14:48.680> in<00:14:49.280> the<00:14:49.490> mark<00:14:49.670> of<00:14:49.820> the<00:14:49.910> technicalities 00:14:50.500 --> 00:14:50.510 align:start position:0% in the in the mark of the technicalities 00:14:50.510 --> 00:14:53.320 align:start position:0% in the in the mark of the technicalities but<00:14:50.750> with<00:14:51.470> good<00:14:51.710> design<00:14:51.860> we<00:14:52.340> can<00:14:52.850> really<00:14:53.120> try 00:14:53.320 --> 00:14:53.330 align:start position:0% but with good design we can really try 00:14:53.330 --> 00:14:54.940 align:start position:0% but with good design we can really try and<00:14:53.360> fix<00:14:53.690> that<00:14:53.870> so<00:14:54.140> if<00:14:54.440> you<00:14:54.680> don't<00:14:54.830> already 00:14:54.940 --> 00:14:54.950 align:start position:0% and fix that so if you don't already 00:14:54.950 --> 00:14:56.530 align:start position:0% and fix that so if you don't already follow<00:14:55.130> these<00:14:55.520> people<00:14:55.820> you<00:14:55.970> should<00:14:56.180> write 00:14:56.530 --> 00:14:56.540 align:start position:0% follow these people you should write 00:14:56.540 --> 00:14:58.420 align:start position:0% follow these people you should write they're<00:14:56.690> all<00:14:56.810> awesome<00:14:57.170> and<00:14:57.290> they're<00:14:58.250> bringing 00:14:58.420 --> 00:14:58.430 align:start position:0% they're all awesome and they're bringing 00:14:58.430 --> 00:15:00.520 align:start position:0% they're all awesome and they're bringing it<00:14:58.610> down<00:14:58.700> a<00:14:58.760> fresh<00:14:59.090> thought<00:14:59.960> and<00:15:00.140> energy<00:15:00.260> into 00:15:00.520 --> 00:15:00.530 align:start position:0% it down a fresh thought and energy into 00:15:00.530 --> 00:15:05.380 align:start position:0% it down a fresh thought and energy into the<00:15:00.710> space<00:15:03.520> last<00:15:04.520> option<00:15:04.820> right<00:15:05.150> like 00:15:05.380 --> 00:15:05.390 align:start position:0% the space last option right like 00:15:05.390 --> 00:15:07.750 align:start position:0% the space last option right like scalability<00:15:06.110> last<00:15:06.410> hurdle<00:15:06.680> to<00:15:07.010> adoptions<00:15:07.670> now 00:15:07.750 --> 00:15:07.760 align:start position:0% scalability last hurdle to adoptions now 00:15:07.760 --> 00:15:09.310 align:start position:0% scalability last hurdle to adoptions now let's<00:15:08.300> assume<00:15:08.570> that<00:15:08.780> you<00:15:08.840> found<00:15:09.080> a<00:15:09.200> good 00:15:09.310 --> 00:15:09.320 align:start position:0% let's assume that you found a good 00:15:09.320 --> 00:15:10.540 align:start position:0% let's assume that you found a good problem<00:15:09.530> to<00:15:09.710> solve<00:15:09.890> you're<00:15:10.070> an<00:15:10.160> entrepreneur 00:15:10.540 --> 00:15:10.550 align:start position:0% problem to solve you're an entrepreneur 00:15:10.550 --> 00:15:12.040 align:start position:0% problem to solve you're an entrepreneur you've<00:15:10.700> you've<00:15:11.240> decided<00:15:11.540> you<00:15:11.720> found<00:15:11.930> a<00:15:11.960> good 00:15:12.040 --> 00:15:12.050 align:start position:0% you've you've decided you found a good 00:15:12.050 --> 00:15:13.900 align:start position:0% you've you've decided you found a good problem<00:15:12.320> to<00:15:12.380> solve<00:15:12.590> you've<00:15:13.310> built<00:15:13.700> a<00:15:13.790> really 00:15:13.900 --> 00:15:13.910 align:start position:0% problem to solve you've built a really 00:15:13.910 --> 00:15:15.460 align:start position:0% problem to solve you've built a really good<00:15:14.150> app<00:15:14.270> around<00:15:14.540> it<00:15:14.780> you've<00:15:14.930> you<00:15:15.110> know<00:15:15.230> use 00:15:15.460 --> 00:15:15.470 align:start position:0% good app around it you've you know use 00:15:15.470 --> 00:15:17.050 align:start position:0% good app around it you've you know use good<00:15:15.710> design<00:15:15.980> principles<00:15:16.160> you've<00:15:16.700> tested 00:15:17.050 --> 00:15:17.060 align:start position:0% good design principles you've tested 00:15:17.060 --> 00:15:18.760 align:start position:0% good design principles you've tested with<00:15:17.180> your<00:15:17.300> users<00:15:17.660> and<00:15:17.870> you're<00:15:18.470> now<00:15:18.650> an 00:15:18.760 --> 00:15:18.770 align:start position:0% with your users and you're now an 00:15:18.770 --> 00:15:20.050 align:start position:0% with your users and you're now an overnight<00:15:19.100> success<00:15:19.310> right<00:15:19.670> you've<00:15:19.820> you've 00:15:20.050 --> 00:15:20.060 align:start position:0% overnight success right you've you've 00:15:20.060 --> 00:15:21.370 align:start position:0% overnight success right you've you've cracked<00:15:20.300> it<00:15:20.510> you've<00:15:20.720> got<00:15:20.870> like<00:15:21.050> tens<00:15:21.230> of 00:15:21.370 --> 00:15:21.380 align:start position:0% cracked it you've got like tens of 00:15:21.380 --> 00:15:22.660 align:start position:0% cracked it you've got like tens of thousands<00:15:21.680> of<00:15:21.740> users<00:15:21.920> you're<00:15:22.220> like<00:15:22.370> okay 00:15:22.660 --> 00:15:22.670 align:start position:0% thousands of users you're like okay 00:15:22.670 --> 00:15:24.250 align:start position:0% thousands of users you're like okay we've<00:15:22.880> made<00:15:23.060> it<00:15:23.210> with<00:15:23.660> the<00:15:23.780> next<00:15:23.930> crypto 00:15:24.250 --> 00:15:24.260 align:start position:0% we've made it with the next crypto 00:15:24.260 --> 00:15:26.380 align:start position:0% we've made it with the next crypto kiddies<00:15:24.530> and<00:15:24.740> then<00:15:25.250> immediately<00:15:26.030> this 00:15:26.380 --> 00:15:26.390 align:start position:0% kiddies and then immediately this 00:15:26.390 --> 00:15:28.060 align:start position:0% kiddies and then immediately this happens<00:15:26.780> right<00:15:26.930> and<00:15:27.170> this<00:15:27.260> is<00:15:27.410> we<00:15:27.590> know<00:15:27.710> we 00:15:28.060 --> 00:15:28.070 align:start position:0% happens right and this is we know we 00:15:28.070 --> 00:15:29.050 align:start position:0% happens right and this is we know we know<00:15:28.190> this<00:15:28.340> will<00:15:28.460> happen<00:15:28.580> because<00:15:28.970> it 00:15:29.050 --> 00:15:29.060 align:start position:0% know this will happen because it 00:15:29.060 --> 00:15:30.760 align:start position:0% know this will happen because it happened<00:15:29.330> a<00:15:29.390> few<00:15:29.420> months<00:15:29.630> ago<00:15:29.900> right<00:15:30.500> how<00:15:30.680> it 00:15:30.760 --> 00:15:30.770 align:start position:0% happened a few months ago right how it 00:15:30.770 --> 00:15:33.700 align:start position:0% happened a few months ago right how it happened<00:15:31.070> last<00:15:31.160> year<00:15:31.840> immediately<00:15:32.840> the<00:15:33.350> the 00:15:33.700 --> 00:15:33.710 align:start position:0% happened last year immediately the the 00:15:33.710 --> 00:15:35.350 align:start position:0% happened last year immediately the the network<00:15:33.890> transaction<00:15:34.760> load<00:15:34.940> will 00:15:35.350 --> 00:15:35.360 align:start position:0% network transaction load will 00:15:35.360 --> 00:15:40.269 align:start position:0% network transaction load will Spyke<00:15:36.459> fees<00:15:37.459> will<00:15:37.700> blow<00:15:37.850> up<00:15:38.800> the<00:15:39.800> network<00:15:39.980> will 00:15:40.269 --> 00:15:40.279 align:start position:0% Spyke fees will blow up the network will 00:15:40.279 --> 00:15:42.519 align:start position:0% Spyke fees will blow up the network will crap<00:15:40.519> will<00:15:40.730> crash<00:15:41.000> and<00:15:41.300> your<00:15:41.839> app<00:15:41.990> goes<00:15:42.410> to 00:15:42.519 --> 00:15:42.529 align:start position:0% crap will crash and your app goes to 00:15:42.529 --> 00:15:45.490 align:start position:0% crap will crash and your app goes to hell<00:15:42.709> right<00:15:42.950> and<00:15:43.720> we<00:15:44.720> talked<00:15:45.200> a<00:15:45.260> lot<00:15:45.350> of<00:15:45.410> people 00:15:45.490 --> 00:15:45.500 align:start position:0% hell right and we talked a lot of people 00:15:45.500 --> 00:15:47.530 align:start position:0% hell right and we talked a lot of people outside<00:15:45.950> of<00:15:46.010> crypto<00:15:46.430> that<00:15:46.940> are<00:15:47.029> looking<00:15:47.390> in 00:15:47.530 --> 00:15:47.540 align:start position:0% outside of crypto that are looking in 00:15:47.540 --> 00:15:49.690 align:start position:0% outside of crypto that are looking in and<00:15:47.810> like<00:15:48.050> these<00:15:48.800> could<00:15:48.980> be<00:15:49.040> game<00:15:49.190> developers 00:15:49.690 --> 00:15:49.700 align:start position:0% and like these could be game developers 00:15:49.700 --> 00:15:52.060 align:start position:0% and like these could be game developers from<00:15:49.820> big<00:15:50.000> game<00:15:50.180> studios<00:15:50.600> they<00:15:51.529> could<00:15:51.740> be<00:15:51.860> fin 00:15:52.060 --> 00:15:52.070 align:start position:0% from big game studios they could be fin 00:15:52.070 --> 00:15:53.139 align:start position:0% from big game studios they could be fin tech<00:15:52.190> entrepreneurs<00:15:52.760> that<00:15:52.880> have<00:15:53.000> had<00:15:53.120> a 00:15:53.139 --> 00:15:53.149 align:start position:0% tech entrepreneurs that have had a 00:15:53.149 --> 00:15:54.699 align:start position:0% tech entrepreneurs that have had a success<00:15:53.540> in<00:15:53.750> traditional<00:15:54.110> finance<00:15:54.470> that<00:15:54.589> are 00:15:54.699 --> 00:15:54.709 align:start position:0% success in traditional finance that are 00:15:54.709 --> 00:15:56.829 align:start position:0% success in traditional finance that are trying<00:15:54.860> to<00:15:54.950> launch<00:15:55.130> something<00:15:55.399> in<00:15:56.089> crypto<00:15:56.630> and 00:15:56.829 --> 00:15:56.839 align:start position:0% trying to launch something in crypto and 00:15:56.839 --> 00:15:59.410 align:start position:0% trying to launch something in crypto and their<00:15:57.649> feedback<00:15:57.890> is<00:15:58.070> always<00:15:58.339> like<00:15:58.640> said<00:15:59.060> if 00:15:59.410 --> 00:15:59.420 align:start position:0% their feedback is always like said if 00:15:59.420 --> 00:16:01.449 align:start position:0% their feedback is always like said if you<00:15:59.630> tell<00:15:59.810> me<00:15:59.959> that<00:15:59.990> my<00:16:00.320> upper<00:16:00.560> limit<00:16:00.860> of<00:16:01.070> users 00:16:01.449 --> 00:16:01.459 align:start position:0% you tell me that my upper limit of users 00:16:01.459 --> 00:16:02.980 align:start position:0% you tell me that my upper limit of users is<00:16:01.579> like<00:16:01.730> fifty<00:16:02.089> or<00:16:02.120> sixty<00:16:02.269> thousand<00:16:02.779> if<00:16:02.899> I 00:16:02.980 --> 00:16:02.990 align:start position:0% is like fifty or sixty thousand if I 00:16:02.990 --> 00:16:04.990 align:start position:0% is like fifty or sixty thousand if I build<00:16:03.230> on<00:16:03.350> crypto<00:16:03.740> that's<00:16:04.550> not<00:16:04.670> worth<00:16:04.850> it<00:16:04.940> for 00:16:04.990 --> 00:16:05.000 align:start position:0% build on crypto that's not worth it for 00:16:05.000 --> 00:16:06.460 align:start position:0% build on crypto that's not worth it for me<00:16:05.120> it's<00:16:05.300> a<00:16:05.360> deal<00:16:05.510> breaker<00:16:05.690> I<00:16:05.870> can't<00:16:06.050> do<00:16:06.170> it<00:16:06.290> and 00:16:06.460 --> 00:16:06.470 align:start position:0% me it's a deal breaker I can't do it and 00:16:06.470 --> 00:16:09.550 align:start position:0% me it's a deal breaker I can't do it and so<00:16:07.160> we<00:16:07.850> I<00:16:08.300> think<00:16:08.690> that's<00:16:08.930> a<00:16:09.019> that's<00:16:09.170> a<00:16:09.380> really 00:16:09.550 --> 00:16:09.560 align:start position:0% so we I think that's a that's a really 00:16:09.560 --> 00:16:11.650 align:start position:0% so we I think that's a that's a really fair<00:16:09.680> point<00:16:09.920> right<00:16:10.250> and<00:16:10.430> so<00:16:10.940> how<00:16:11.269> do<00:16:11.329> we<00:16:11.450> fix 00:16:11.650 --> 00:16:11.660 align:start position:0% fair point right and so how do we fix 00:16:11.660 --> 00:16:13.509 align:start position:0% fair point right and so how do we fix the<00:16:11.810> problem<00:16:11.839> right<00:16:12.230> and<00:16:12.410> so<00:16:12.560> I'm<00:16:13.160> not<00:16:13.339> going 00:16:13.509 --> 00:16:13.519 align:start position:0% the problem right and so I'm not going 00:16:13.519 --> 00:16:15.190 align:start position:0% the problem right and so I'm not going to<00:16:13.579> go<00:16:13.700> into<00:16:13.910> the<00:16:14.060> internal<00:16:14.570> like<00:16:14.750> the<00:16:14.899> details 00:16:15.190 --> 00:16:15.200 align:start position:0% to go into the internal like the details 00:16:15.200 --> 00:16:16.360 align:start position:0% to go into the internal like the details of<00:16:15.380> this<00:16:15.470> you've<00:16:15.680> you<00:16:15.920> know<00:16:15.950> there's<00:16:16.190> enough 00:16:16.360 --> 00:16:16.370 align:start position:0% of this you've you know there's enough 00:16:16.370 --> 00:16:18.910 align:start position:0% of this you've you know there's enough talks<00:16:17.209> you<00:16:17.329> just<00:16:17.510> heard<00:16:17.660> from<00:16:17.870> from<00:16:18.500> Amin<00:16:18.769> and 00:16:18.910 --> 00:16:18.920 align:start position:0% talks you just heard from from Amin and 00:16:18.920 --> 00:16:20.920 align:start position:0% talks you just heard from from Amin and Arjun<00:16:19.190> but<00:16:19.820> the<00:16:20.000> options<00:16:20.329> basically<00:16:20.510> come 00:16:20.920 --> 00:16:20.930 align:start position:0% Arjun but the options basically come 00:16:20.930 --> 00:16:24.160 align:start position:0% Arjun but the options basically come down<00:16:21.110> to<00:16:21.260> this<00:16:21.440> we<00:16:22.220> either<00:16:22.490> go<00:16:22.790> with<00:16:23.170> core 00:16:24.160 --> 00:16:24.170 align:start position:0% down to this we either go with core 00:16:24.170 --> 00:16:26.650 align:start position:0% down to this we either go with core scaling<00:16:24.620> right<00:16:25.070> and<00:16:25.339> you<00:16:25.670> know<00:16:25.790> serenity<00:16:26.269> is 00:16:26.650 --> 00:16:26.660 align:start position:0% scaling right and you know serenity is 00:16:26.660 --> 00:16:28.269 align:start position:0% scaling right and you know serenity is expected<00:16:27.320> to<00:16:27.380> show<00:16:27.529> up<00:16:27.589> but<00:16:27.769> then<00:16:27.890> it's<00:16:28.100> not 00:16:28.269 --> 00:16:28.279 align:start position:0% expected to show up but then it's not 00:16:28.279 --> 00:16:29.530 align:start position:0% expected to show up but then it's not showing<00:16:28.459> up<00:16:28.640> for<00:16:28.760> at<00:16:28.850> least<00:16:28.940> a<00:16:29.120> year<00:16:29.149> or<00:16:29.420> two 00:16:29.530 --> 00:16:29.540 align:start position:0% showing up for at least a year or two 00:16:29.540 --> 00:16:31.090 align:start position:0% showing up for at least a year or two and<00:16:29.720> so<00:16:30.260> that's<00:16:30.440> a<00:16:30.500> long<00:16:30.649> while<00:16:30.829> to<00:16:30.860> wait 00:16:31.090 --> 00:16:31.100 align:start position:0% and so that's a long while to wait 00:16:31.100 --> 00:16:33.280 align:start position:0% and so that's a long while to wait although<00:16:31.339> it'll<00:16:31.459> be<00:16:31.579> a<00:16:31.610> game<00:16:31.790> changer<00:16:31.850> or<00:16:32.510> if 00:16:33.280 --> 00:16:33.290 align:start position:0% although it'll be a game changer or if 00:16:33.290 --> 00:16:34.720 align:start position:0% although it'll be a game changer or if it<00:16:33.500> makes<00:16:33.740> sense<00:16:33.829> for<00:16:34.130> your<00:16:34.250> app<00:16:34.430> if<00:16:34.640> you're 00:16:34.720 --> 00:16:34.730 align:start position:0% it makes sense for your app if you're 00:16:34.730 --> 00:16:36.220 align:start position:0% it makes sense for your app if you're building<00:16:34.940> a<00:16:35.120> payments<00:16:35.510> app<00:16:35.660> or<00:16:35.930> something 00:16:36.220 --> 00:16:36.230 align:start position:0% building a payments app or something 00:16:36.230 --> 00:16:38.050 align:start position:0% building a payments app or something that's<00:16:36.380> between<00:16:36.560> two<00:16:36.769> parties<00:16:37.130> state 00:16:38.050 --> 00:16:38.060 align:start position:0% that's between two parties state 00:16:38.060 --> 00:16:39.880 align:start position:0% that's between two parties state channels<00:16:38.420> is<00:16:38.540> a<00:16:38.570> great<00:16:38.810> approach<00:16:39.350> right<00:16:39.649> state 00:16:39.880 --> 00:16:39.890 align:start position:0% channels is a great approach right state 00:16:39.890 --> 00:16:41.620 align:start position:0% channels is a great approach right state channels<00:16:40.220> and<00:16:40.339> payment<00:16:40.610> channels<00:16:40.910> and<00:16:41.089> so 00:16:41.620 --> 00:16:41.630 align:start position:0% channels and payment channels and so 00:16:41.630 --> 00:16:43.030 align:start position:0% channels and payment channels and so there's<00:16:41.810> a<00:16:41.870> few<00:16:42.050> great<00:16:42.260> projects<00:16:42.649> there<00:16:42.860> that 00:16:43.030 --> 00:16:43.040 align:start position:0% there's a few great projects there that 00:16:43.040 --> 00:16:45.220 align:start position:0% there's a few great projects there that you<00:16:43.100> can<00:16:43.220> experiment<00:16:43.519> with<00:16:43.790> but<00:16:44.630> it's<00:16:45.050> very 00:16:45.220 --> 00:16:45.230 align:start position:0% you can experiment with but it's very 00:16:45.230 --> 00:16:46.689 align:start position:0% you can experiment with but it's very early<00:16:45.410> since<00:16:45.740> you<00:16:45.949> just<00:16:46.100> once<00:16:46.339> again<00:16:46.519> you<00:16:46.579> just 00:16:46.689 --> 00:16:46.699 align:start position:0% early since you just once again you just 00:16:46.699 --> 00:16:49.689 align:start position:0% early since you just once again you just heard<00:16:46.910> from<00:16:47.630> Ameen<00:16:47.930> about<00:16:48.170> the<00:16:48.320> hack<00:16:48.699> we're 00:16:49.689 --> 00:16:49.699 align:start position:0% heard from Ameen about the hack we're 00:16:49.699 --> 00:16:51.130 align:start position:0% heard from Ameen about the hack we're still<00:16:49.880> you<00:16:50.029> know<00:16:50.120> this<00:16:50.510> is<00:16:50.630> what<00:16:50.750> happens<00:16:51.050> when 00:16:51.130 --> 00:16:51.140 align:start position:0% still you know this is what happens when 00:16:51.140 --> 00:16:52.240 align:start position:0% still you know this is what happens when we're<00:16:51.290> learning<00:16:51.380> right<00:16:51.589> like<00:16:51.829> you<00:16:51.920> get<00:16:52.070> hacked 00:16:52.240 --> 00:16:52.250 align:start position:0% we're learning right like you get hacked 00:16:52.250 --> 00:16:53.530 align:start position:0% we're learning right like you get hacked because<00:16:52.399> you're<00:16:52.640> learning<00:16:52.970> we're<00:16:53.360> still 00:16:53.530 --> 00:16:53.540 align:start position:0% because you're learning we're still 00:16:53.540 --> 00:16:55.180 align:start position:0% because you're learning we're still putting<00:16:53.690> things<00:16:53.959> together<00:16:54.110> so<00:16:54.560> it's<00:16:55.070> too 00:16:55.180 --> 00:16:55.190 align:start position:0% putting things together so it's too 00:16:55.190 --> 00:16:56.470 align:start position:0% putting things together so it's too early<00:16:55.220> to<00:16:55.399> put<00:16:55.579> any<00:16:55.699> of<00:16:55.820> these<00:16:55.910> integer<00:16:56.360> old 00:16:56.470 --> 00:16:56.480 align:start position:0% early to put any of these integer old 00:16:56.480 --> 00:16:58.930 align:start position:0% early to put any of these integer old production<00:16:56.920> and<00:16:57.920> then<00:16:58.190> if<00:16:58.490> it<00:16:58.699> makes<00:16:58.880> sense 00:16:58.930 --> 00:16:58.940 align:start position:0% production and then if it makes sense 00:16:58.940 --> 00:17:00.460 align:start position:0% production and then if it makes sense for<00:16:59.149> your<00:16:59.269> app<00:16:59.420> there's<00:16:59.630> also<00:16:59.839> side<00:17:00.019> chains<00:17:00.260> so 00:17:00.460 --> 00:17:00.470 align:start position:0% for your app there's also side chains so 00:17:00.470 --> 00:17:02.439 align:start position:0% for your app there's also side chains so there's<00:17:00.680> a<00:17:00.709> bunch<00:17:00.890> of<00:17:00.980> science<00:17:01.519> projects<00:17:01.910> that 00:17:02.439 --> 00:17:02.449 align:start position:0% there's a bunch of science projects that 00:17:02.449 --> 00:17:04.449 align:start position:0% there's a bunch of science projects that you<00:17:02.540> can<00:17:02.690> look<00:17:02.839> at<00:17:03.019> a<00:17:03.440> different<00:17:03.949> approach<00:17:04.160> and 00:17:04.449 --> 00:17:04.459 align:start position:0% you can look at a different approach and 00:17:04.459 --> 00:17:05.860 align:start position:0% you can look at a different approach and make<00:17:04.549> sense<00:17:04.760> if<00:17:04.970> you<00:17:05.030> need<00:17:05.209> visibility<00:17:05.750> to 00:17:05.860 --> 00:17:05.870 align:start position:0% make sense if you need visibility to 00:17:05.870 --> 00:17:07.929 align:start position:0% make sense if you need visibility to what's<00:17:06.049> going<00:17:06.319> on<00:17:06.470> and<00:17:07.400> so<00:17:07.549> that's<00:17:07.730> another 00:17:07.929 --> 00:17:07.939 align:start position:0% what's going on and so that's another 00:17:07.939 --> 00:17:11.559 align:start position:0% what's going on and so that's another thing<00:17:08.059> to<00:17:08.419> consider<00:17:09.189> so<00:17:10.189> quick<00:17:11.030> recap<00:17:11.059> of<00:17:11.419> what 00:17:11.559 --> 00:17:11.569 align:start position:0% thing to consider so quick recap of what 00:17:11.569 --> 00:17:14.980 align:start position:0% thing to consider so quick recap of what we<00:17:11.809> cover<00:17:13.089> most<00:17:14.089> important<00:17:14.540> thing<00:17:14.660> you<00:17:14.750> can<00:17:14.780> do 00:17:14.980 --> 00:17:14.990 align:start position:0% we cover most important thing you can do 00:17:14.990 --> 00:17:15.939 align:start position:0% we cover most important thing you can do if<00:17:15.079> you're<00:17:15.199> building<00:17:15.350> a<00:17:15.530> DAP 00:17:15.939 --> 00:17:15.949 align:start position:0% if you're building a DAP 00:17:15.949 --> 00:17:18.270 align:start position:0% if you're building a DAP solve<00:17:16.549> a<00:17:16.730> real<00:17:16.880> problem<00:17:16.939> talk<00:17:17.569> to<00:17:17.720> users 00:17:18.270 --> 00:17:18.280 align:start position:0% solve a real problem talk to users 00:17:18.280 --> 00:17:20.860 align:start position:0% solve a real problem talk to users figure<00:17:19.280> out<00:17:19.400> what<00:17:19.699> what<00:17:20.240> is<00:17:20.360> an<00:17:20.449> actual<00:17:20.630> pain 00:17:20.860 --> 00:17:20.870 align:start position:0% figure out what what is an actual pain 00:17:20.870 --> 00:17:22.510 align:start position:0% figure out what what is an actual pain point<00:17:21.140> and<00:17:21.290> what<00:17:21.410> like<00:17:21.980> we've<00:17:22.160> come<00:17:22.309> up<00:17:22.370> with 00:17:22.510 --> 00:17:22.520 align:start position:0% point and what like we've come up with 00:17:22.520 --> 00:17:24.579 align:start position:0% point and what like we've come up with what<00:17:22.760> we<00:17:22.910> can<00:17:23.089> build<00:17:23.360> now<00:17:24.199> we<00:17:24.260> need<00:17:24.410> to<00:17:24.470> figure 00:17:24.579 --> 00:17:24.589 align:start position:0% what we can build now we need to figure 00:17:24.589 --> 00:17:27.039 align:start position:0% what we can build now we need to figure out<00:17:24.679> what<00:17:24.829> we<00:17:24.949> should<00:17:24.980> build<00:17:25.540> second<00:17:26.540> is<00:17:26.689> let's 00:17:27.039 --> 00:17:27.049 align:start position:0% out what we should build second is let's 00:17:27.049 --> 00:17:28.449 align:start position:0% out what we should build second is let's create<00:17:27.230> a<00:17:27.290> great<00:17:27.470> usability<00:17:27.860> and<00:17:28.250> great 00:17:28.449 --> 00:17:28.459 align:start position:0% create a great usability and great 00:17:28.459 --> 00:17:30.340 align:start position:0% create a great usability and great experience<00:17:29.030> around<00:17:29.120> it<00:17:29.419> and<00:17:29.600> throw<00:17:30.110> let's 00:17:30.340 --> 00:17:30.350 align:start position:0% experience around it and throw let's 00:17:30.350 --> 00:17:31.900 align:start position:0% experience around it and throw let's start<00:17:30.530> experiment<00:17:31.070> with<00:17:31.220> these<00:17:31.340> scalability 00:17:31.900 --> 00:17:31.910 align:start position:0% start experiment with these scalability 00:17:31.910 --> 00:17:33.789 align:start position:0% start experiment with these scalability options<00:17:32.299> and<00:17:32.540> I'm<00:17:33.020> pretty<00:17:33.200> convinced<00:17:33.620> that<00:17:33.650> if 00:17:33.789 --> 00:17:33.799 align:start position:0% options and I'm pretty convinced that if 00:17:33.799 --> 00:17:35.770 align:start position:0% options and I'm pretty convinced that if we<00:17:33.830> tackle<00:17:34.190> all<00:17:34.400> three<00:17:34.820> of<00:17:34.910> these<00:17:35.059> we're<00:17:35.630> going 00:17:35.770 --> 00:17:35.780 align:start position:0% we tackle all three of these we're going 00:17:35.780 --> 00:17:37.720 align:start position:0% we tackle all three of these we're going to<00:17:35.870> see<00:17:35.990> some<00:17:36.169> breakout<00:17:36.559> successes<00:17:37.100> in<00:17:37.250> 2019 00:17:37.720 --> 00:17:37.730 align:start position:0% to see some breakout successes in 2019 00:17:37.730 --> 00:17:39.460 align:start position:0% to see some breakout successes in 2019 and<00:17:37.880> I'm<00:17:37.970> pretty<00:17:38.090> stoked<00:17:38.419> to<00:17:38.540> see<00:17:38.660> that<00:17:38.840> so 00:17:39.460 --> 00:17:39.470 align:start position:0% and I'm pretty stoked to see that so 00:17:39.470 --> 00:17:46.610 align:start position:0% and I'm pretty stoked to see that so next<00:17:39.860> stop<00:17:40.100> moon<00:17:41.380> thank<00:17:42.380> you 00:17:46.610 --> 00:17:46.620 align:start position:0% 00:17:46.620 --> 00:17:50.930 align:start position:0% thanks<00:17:48.090> questions<00:17:49.090> specifically<00:17:49.659> for<00:17:50.049> mobile 00:17:50.930 --> 00:17:50.940 align:start position:0% thanks questions specifically for mobile 00:17:50.940 --> 00:17:53.159 align:start position:0% thanks questions specifically for mobile probably<00:17:51.940> many<00:17:52.419> people<00:17:52.659> are<00:17:52.750> aware<00:17:52.840> that<00:17:52.990> you 00:17:53.159 --> 00:17:53.169 align:start position:0% probably many people are aware that you 00:17:53.169 --> 00:17:56.460 align:start position:0% probably many people are aware that you had<00:17:53.320> some<00:17:53.529> trouble<00:17:53.889> with<00:17:53.919> Apple<00:17:55.169> because<00:17:56.169> they 00:17:56.460 --> 00:17:56.470 align:start position:0% had some trouble with Apple because they 00:17:56.470 --> 00:17:58.590 align:start position:0% had some trouble with Apple because they won<00:17:56.860> through<00:17:57.009> 30%<00:17:57.639> cut<00:17:57.820> and<00:17:58.059> the<00:17:58.120> App<00:17:58.240> Store 00:17:58.590 --> 00:17:58.600 align:start position:0% won through 30% cut and the App Store 00:17:58.600 --> 00:18:00.299 align:start position:0% won through 30% cut and the App Store and<00:17:59.049> this<00:17:59.259> model<00:17:59.470> has<00:17:59.620> worked<00:17:59.889> really<00:18:00.159> well 00:18:00.299 --> 00:18:00.309 align:start position:0% and this model has worked really well 00:18:00.309 --> 00:18:03.600 align:start position:0% and this model has worked really well until<00:18:01.210> a<00:18:01.450> crypto<00:18:01.899> hit<00:18:02.169> so<00:18:02.620> just<00:18:03.220> wondering<00:18:03.549> if 00:18:03.600 --> 00:18:03.610 align:start position:0% until a crypto hit so just wondering if 00:18:03.610 --> 00:18:05.759 align:start position:0% until a crypto hit so just wondering if you<00:18:03.700> had<00:18:03.820> some<00:18:04.029> thoughts<00:18:04.299> on<00:18:04.600> how<00:18:04.899> you<00:18:05.440> think 00:18:05.759 --> 00:18:05.769 align:start position:0% you had some thoughts on how you think 00:18:05.769 --> 00:18:08.940 align:start position:0% you had some thoughts on how you think to<00:18:06.519> avoid<00:18:06.850> issues<00:18:07.149> where<00:18:07.809> Apple<00:18:08.230> wants<00:18:08.559> a<00:18:08.679> cut 00:18:08.940 --> 00:18:08.950 align:start position:0% to avoid issues where Apple wants a cut 00:18:08.950 --> 00:18:10.620 align:start position:0% to avoid issues where Apple wants a cut or<00:18:09.130> maybe<00:18:09.309> Google<00:18:09.519> in<00:18:09.730> the<00:18:09.789> future<00:18:10.090> Amazon<00:18:10.539> or 00:18:10.620 --> 00:18:10.630 align:start position:0% or maybe Google in the future Amazon or 00:18:10.630 --> 00:18:13.230 align:start position:0% or maybe Google in the future Amazon or whoever<00:18:10.960> because<00:18:11.649> it<00:18:11.740> is<00:18:11.860> a<00:18:11.889> payment<00:18:12.490> in<00:18:13.000> their 00:18:13.230 --> 00:18:13.240 align:start position:0% whoever because it is a payment in their 00:18:13.240 --> 00:18:14.700 align:start position:0% whoever because it is a payment in their ecosystem<00:18:13.360> at<00:18:13.990> least<00:18:14.200> from<00:18:14.559> their 00:18:14.700 --> 00:18:14.710 align:start position:0% ecosystem at least from their 00:18:14.710 --> 00:18:16.919 align:start position:0% ecosystem at least from their perspective<00:18:15.279> right<00:18:15.460> yeah<00:18:16.090> I<00:18:16.120> think<00:18:16.539> you<00:18:16.840> know 00:18:16.919 --> 00:18:16.929 align:start position:0% perspective right yeah I think you know 00:18:16.929 --> 00:18:18.539 align:start position:0% perspective right yeah I think you know it's<00:18:17.080> it's<00:18:17.590> a<00:18:17.679> little<00:18:17.830> bit<00:18:17.950> early<00:18:18.009> days<00:18:18.340> I 00:18:18.539 --> 00:18:18.549 align:start position:0% it's it's a little bit early days I 00:18:18.549 --> 00:18:20.909 align:start position:0% it's it's a little bit early days I think<00:18:18.759> when<00:18:19.179> before<00:18:20.139> we<00:18:20.289> begin<00:18:20.529> to<00:18:20.649> actually 00:18:20.909 --> 00:18:20.919 align:start position:0% think when before we begin to actually 00:18:20.919 --> 00:18:22.499 align:start position:0% think when before we begin to actually start<00:18:21.159> to<00:18:21.250> compete<00:18:21.519> with<00:18:21.700> these<00:18:21.850> products 00:18:22.499 --> 00:18:22.509 align:start position:0% start to compete with these products 00:18:22.509 --> 00:18:26.220 align:start position:0% start to compete with these products with<00:18:22.690> these<00:18:22.840> like<00:18:23.080> giants<00:18:23.639> and<00:18:24.639> so<00:18:25.090> it's<00:18:25.899> I 00:18:26.220 --> 00:18:26.230 align:start position:0% with these like giants and so it's I 00:18:26.230 --> 00:18:27.509 align:start position:0% with these like giants and so it's I think<00:18:26.500> we're<00:18:26.919> just<00:18:27.009> gonna<00:18:27.100> see<00:18:27.429> how<00:18:27.490> that 00:18:27.509 --> 00:18:27.519 align:start position:0% think we're just gonna see how that 00:18:27.519 --> 00:18:28.919 align:start position:0% think we're just gonna see how that plays<00:18:27.789> out<00:18:28.000> I<00:18:28.059> think<00:18:28.269> the<00:18:28.360> equation<00:18:28.779> will 00:18:28.919 --> 00:18:28.929 align:start position:0% plays out I think the equation will 00:18:28.929 --> 00:18:31.259 align:start position:0% plays out I think the equation will develop<00:18:29.350> over<00:18:29.559> time<00:18:29.610> and<00:18:30.610> relationships<00:18:31.149> will 00:18:31.259 --> 00:18:31.269 align:start position:0% develop over time and relationships will 00:18:31.269 --> 00:18:33.509 align:start position:0% develop over time and relationships will develop<00:18:31.570> over<00:18:31.750> time<00:18:31.779> I<00:18:32.190> honestly<00:18:33.190> don't<00:18:33.340> have 00:18:33.509 --> 00:18:33.519 align:start position:0% develop over time I honestly don't have 00:18:33.519 --> 00:18:35.759 align:start position:0% develop over time I honestly don't have an<00:18:33.610> easy<00:18:33.730> answer<00:18:33.879> to<00:18:34.210> how<00:18:34.840> you<00:18:34.899> know<00:18:35.259> how<00:18:35.710> the 00:18:35.759 --> 00:18:35.769 align:start position:0% an easy answer to how you know how the 00:18:35.769 --> 00:18:37.289 align:start position:0% an easy answer to how you know how the community<00:18:36.279> will<00:18:36.429> navigate<00:18:36.580> it<00:18:36.940> and<00:18:37.120> how<00:18:37.240> the 00:18:37.289 --> 00:18:37.299 align:start position:0% community will navigate it and how the 00:18:37.299 --> 00:18:39.419 align:start position:0% community will navigate it and how the incumbents<00:18:38.080> will<00:18:38.139> navigate<00:18:38.500> it<00:18:38.649> it's<00:18:39.340> just 00:18:39.419 --> 00:18:39.429 align:start position:0% incumbents will navigate it it's just 00:18:39.429 --> 00:18:41.850 align:start position:0% incumbents will navigate it it's just not<00:18:39.549> clear<00:18:39.759> at<00:18:39.909> this<00:18:40.000> point<00:18:40.470> Thanks<00:18:41.500> and<00:18:41.679> then 00:18:41.850 --> 00:18:41.860 align:start position:0% not clear at this point Thanks and then 00:18:41.860 --> 00:18:44.399 align:start position:0% not clear at this point Thanks and then not<00:18:42.639> totally<00:18:43.120> related<00:18:43.509> but<00:18:43.659> still<00:18:43.809> I<00:18:44.169> think 00:18:44.399 --> 00:18:44.409 align:start position:0% not totally related but still I think 00:18:44.409 --> 00:18:47.639 align:start position:0% not totally related but still I think also<00:18:45.070> UX<00:18:45.639> what<00:18:46.600> do<00:18:46.659> you<00:18:46.750> think<00:18:46.960> about<00:18:47.049> gas-free 00:18:47.639 --> 00:18:47.649 align:start position:0% also UX what do you think about gas-free 00:18:47.649 --> 00:18:49.080 align:start position:0% also UX what do you think about gas-free layers<00:18:47.919> because<00:18:48.190> then<00:18:48.279> you're<00:18:48.429> 12<00:18:48.730> steps 00:18:49.080 --> 00:18:49.090 align:start position:0% layers because then you're 12 steps 00:18:49.090 --> 00:18:51.330 align:start position:0% layers because then you're 12 steps there's<00:18:49.419> still<00:18:49.720> this<00:18:49.990> gasps<00:18:50.860> what<00:18:51.159> the 00:18:51.330 --> 00:18:51.340 align:start position:0% there's still this gasps what the 00:18:51.340 --> 00:18:53.549 align:start position:0% there's still this gasps what the is<00:18:51.669> gas<00:18:51.970> and<00:18:52.299> there's<00:18:52.450> this<00:18:52.539> new<00:18:52.690> interesting 00:18:53.549 --> 00:18:53.559 align:start position:0% is gas and there's this new interesting 00:18:53.559 --> 00:18:55.379 align:start position:0% is gas and there's this new interesting concept<00:18:53.980> that<00:18:54.009> somebody<00:18:54.519> else<00:18:54.730> could<00:18:54.940> pay<00:18:55.149> gas 00:18:55.379 --> 00:18:55.389 align:start position:0% concept that somebody else could pay gas 00:18:55.389 --> 00:18:57.360 align:start position:0% concept that somebody else could pay gas for<00:18:55.720> the<00:18:55.899> user<00:18:56.049> so<00:18:56.500> that<00:18:56.950> they<00:18:57.220> at<00:18:57.340> least 00:18:57.360 --> 00:18:57.370 align:start position:0% for the user so that they at least 00:18:57.370 --> 00:18:59.490 align:start position:0% for the user so that they at least initially<00:18:57.789> don't<00:18:58.149> have<00:18:58.360> to<00:18:58.509> deal<00:18:58.690> with<00:18:58.720> it<00:18:59.049> do 00:18:59.490 --> 00:18:59.500 align:start position:0% initially don't have to deal with it do 00:18:59.500 --> 00:19:00.600 align:start position:0% initially don't have to deal with it do you<00:18:59.529> have<00:18:59.679> any<00:18:59.769> thoughts<00:19:00.039> on<00:19:00.129> that<00:19:00.190> yeah 00:19:00.600 --> 00:19:00.610 align:start position:0% you have any thoughts on that yeah 00:19:00.610 --> 00:19:02.639 align:start position:0% you have any thoughts on that yeah absolutely<00:19:00.759> we<00:19:01.179> love<00:19:01.809> the<00:19:01.960> idea<00:19:02.200> of<00:19:02.230> gas<00:19:02.440> three 00:19:02.639 --> 00:19:02.649 align:start position:0% absolutely we love the idea of gas three 00:19:02.649 --> 00:19:04.590 align:start position:0% absolutely we love the idea of gas three layers<00:19:02.889> of<00:19:02.919> meta<00:19:03.279> transactions<00:19:03.940> frankly 00:19:04.590 --> 00:19:04.600 align:start position:0% layers of meta transactions frankly 00:19:04.600 --> 00:19:06.149 align:start position:0% layers of meta transactions frankly anything<00:19:04.779> that<00:19:04.990> reduces<00:19:05.409> the<00:19:05.649> the<00:19:05.980> user 00:19:06.149 --> 00:19:06.159 align:start position:0% anything that reduces the the user 00:19:06.159 --> 00:19:08.100 align:start position:0% anything that reduces the the user burden<00:19:06.639> and<00:19:06.879> you<00:19:07.539> know<00:19:07.629> makes<00:19:07.870> these 00:19:08.100 --> 00:19:08.110 align:start position:0% burden and you know makes these 00:19:08.110 --> 00:19:09.419 align:start position:0% burden and you know makes these transactions<00:19:08.799> just<00:19:08.860> disappear<00:19:09.250> into<00:19:09.340> the 00:19:09.419 --> 00:19:09.429 align:start position:0% transactions just disappear into the 00:19:09.429 --> 00:19:11.519 align:start position:0% transactions just disappear into the background<00:19:09.750> it's<00:19:10.750> a<00:19:10.840> little<00:19:11.019> bit<00:19:11.110> early<00:19:11.350> I 00:19:11.519 --> 00:19:11.529 align:start position:0% background it's a little bit early I 00:19:11.529 --> 00:19:12.869 align:start position:0% background it's a little bit early I think<00:19:11.860> there's<00:19:12.070> still<00:19:12.220> they're<00:19:12.639> basically 00:19:12.869 --> 00:19:12.879 align:start position:0% think there's still they're basically 00:19:12.879 --> 00:19:15.570 align:start position:0% think there's still they're basically being<00:19:13.120> prototype<00:19:13.929> as<00:19:14.139> we<00:19:14.289> speak<00:19:14.559> right<00:19:14.590> and<00:19:14.980> so 00:19:15.570 --> 00:19:15.580 align:start position:0% being prototype as we speak right and so 00:19:15.580 --> 00:19:16.560 align:start position:0% being prototype as we speak right and so that's<00:19:15.759> definitely<00:19:15.879> something<00:19:16.210> we're<00:19:16.450> also 00:19:16.560 --> 00:19:16.570 align:start position:0% that's definitely something we're also 00:19:16.570 --> 00:19:18.810 align:start position:0% that's definitely something we're also looking<00:19:16.779> at<00:19:17.049> you<00:19:17.919> know<00:19:18.039> how<00:19:18.220> to<00:19:18.279> engage<00:19:18.490> with 00:19:18.810 --> 00:19:18.820 align:start position:0% looking at you know how to engage with 00:19:18.820 --> 00:19:21.330 align:start position:0% looking at you know how to engage with it<00:19:18.909> how<00:19:19.000> to<00:19:19.059> how<00:19:19.480> to<00:19:19.539> start<00:19:19.870> deploy<00:19:20.379> those<00:19:20.590> but 00:19:21.330 --> 00:19:21.340 align:start position:0% it how to how to start deploy those but 00:19:21.340 --> 00:19:26.549 align:start position:0% it how to how to start deploy those but yeah<00:19:21.549> it's<00:19:21.789> a<00:19:21.909> little<00:19:22.120> bit<00:19:22.299> early<00:19:25.080> I<00:19:26.080> was 00:19:26.549 --> 00:19:26.559 align:start position:0% yeah it's a little bit early I was 00:19:26.559 --> 00:19:29.399 align:start position:0% yeah it's a little bit early I was curious<00:19:27.009> about<00:19:27.600> you<00:19:28.600> were<00:19:28.690> also<00:19:28.960> building<00:19:29.289> a 00:19:29.399 --> 00:19:29.409 align:start position:0% curious about you were also building a 00:19:29.409 --> 00:19:33.090 align:start position:0% curious about you were also building a in<00:19:30.129> web<00:19:30.870> widget<00:19:31.870> as<00:19:31.960> well<00:19:32.169> right<00:19:32.409> what's<00:19:32.980> the 00:19:33.090 --> 00:19:33.100 align:start position:0% in web widget as well right what's the 00:19:33.100 --> 00:19:34.350 align:start position:0% in web widget as well right what's the background<00:19:33.549> on<00:19:33.850> that<00:19:33.879> right<00:19:34.210> now 00:19:34.350 --> 00:19:34.360 align:start position:0% background on that right now 00:19:34.360 --> 00:19:36.840 align:start position:0% background on that right now sure<00:19:35.049> so<00:19:35.259> so<00:19:35.620> we<00:19:35.919> we<00:19:36.279> had<00:19:36.370> announced<00:19:36.700> doing 00:19:36.840 --> 00:19:36.850 align:start position:0% sure so so we we had announced doing 00:19:36.850 --> 00:19:39.210 align:start position:0% sure so so we we had announced doing that<00:19:37.000> and<00:19:37.779> then<00:19:37.960> we<00:19:38.200> we<00:19:38.679> had<00:19:38.860> a<00:19:38.889> bit<00:19:39.070> of<00:19:39.159> a 00:19:39.210 --> 00:19:39.220 align:start position:0% that and then we we had a bit of a 00:19:39.220 --> 00:19:41.279 align:start position:0% that and then we we had a bit of a rethink<00:19:39.370> and<00:19:39.610> we<00:19:39.759> were<00:19:39.879> like<00:19:40.000> well<00:19:40.240> what<00:19:40.899> is<00:19:41.019> if 00:19:41.279 --> 00:19:41.289 align:start position:0% rethink and we were like well what is if 00:19:41.289 --> 00:19:42.899 align:start position:0% rethink and we were like well what is if we<00:19:41.440> actually<00:19:41.769> want<00:19:41.980> daps<00:19:42.250> to<00:19:42.429> be<00:19:42.519> available 00:19:42.899 --> 00:19:42.909 align:start position:0% we actually want daps to be available 00:19:42.909 --> 00:19:44.999 align:start position:0% we actually want daps to be available everywhere<00:19:43.120> do<00:19:43.899> we<00:19:44.049> just<00:19:44.259> try<00:19:44.440> and<00:19:44.470> be<00:19:44.710> on<00:19:44.799> one 00:19:44.999 --> 00:19:45.009 align:start position:0% everywhere do we just try and be on one 00:19:45.009 --> 00:19:46.680 align:start position:0% everywhere do we just try and be on one more<00:19:45.159> platform<00:19:45.610> which<00:19:45.730> is<00:19:45.879> in<00:19:46.120> web<00:19:46.269> browsers 00:19:46.680 --> 00:19:46.690 align:start position:0% more platform which is in web browsers 00:19:46.690 --> 00:19:48.779 align:start position:0% more platform which is in web browsers or<00:19:46.809> do<00:19:46.870> we<00:19:46.929> try<00:19:47.139> and<00:19:47.259> be<00:19:47.440> on<00:19:47.860> every<00:19:48.159> platform<00:19:48.370> so 00:19:48.779 --> 00:19:48.789 align:start position:0% or do we try and be on every platform so 00:19:48.789 --> 00:19:50.340 align:start position:0% or do we try and be on every platform so we're<00:19:49.299> actively<00:19:49.600> trying<00:19:49.809> to<00:19:49.870> figure<00:19:50.110> out<00:19:50.169> how 00:19:50.340 --> 00:19:50.350 align:start position:0% we're actively trying to figure out how 00:19:50.350 --> 00:19:52.049 align:start position:0% we're actively trying to figure out how to<00:19:50.409> like<00:19:50.950> what<00:19:51.159> our<00:19:51.279> place<00:19:51.460> should<00:19:51.610> be<00:19:51.639> for<00:19:51.909> web 00:19:52.049 --> 00:19:52.059 align:start position:0% to like what our place should be for web 00:19:52.059 --> 00:19:53.250 align:start position:0% to like what our place should be for web and<00:19:52.299> hopefully<00:19:52.809> we<00:19:52.899> should<00:19:52.929> have<00:19:53.110> some 00:19:53.250 --> 00:19:53.260 align:start position:0% and hopefully we should have some 00:19:53.260 --> 00:19:55.580 align:start position:0% and hopefully we should have some announcements<00:19:53.740> in<00:19:53.830> the<00:19:53.860> next<00:19:54.190> month<00:19:54.669> or<00:19:54.789> two 00:19:55.580 --> 00:19:55.590 align:start position:0% announcements in the next month or two 00:19:55.590 --> 00:20:00.740 align:start position:0% announcements in the next month or two um<00:19:56.720> also<00:19:57.720> uh<00:19:57.750> for<00:19:58.320> gas<00:19:58.559> have<00:19:58.919> you<00:19:59.750> thought 00:20:00.740 --> 00:20:00.750 align:start position:0% um also uh for gas have you thought 00:20:00.750 --> 00:20:03.049 align:start position:0% um also uh for gas have you thought about<00:20:00.809> maybe<00:20:01.320> changing<00:20:01.440> the<00:20:01.919> name<00:20:02.190> of<00:20:02.429> gas<00:20:02.730> fee 00:20:03.049 --> 00:20:03.059 align:start position:0% about maybe changing the name of gas fee 00:20:03.059 --> 00:20:05.720 align:start position:0% about maybe changing the name of gas fee to<00:20:03.270> just<00:20:03.480> fee<00:20:03.779> because<00:20:04.470> it<00:20:04.650> seems<00:20:04.830> like<00:20:05.010> from 00:20:05.720 --> 00:20:05.730 align:start position:0% to just fee because it seems like from 00:20:05.730 --> 00:20:07.370 align:start position:0% to just fee because it seems like from the<00:20:05.880> last<00:20:06.090> talk<00:20:06.360> that<00:20:06.600> people<00:20:07.049> don't<00:20:07.260> really 00:20:07.370 --> 00:20:07.380 align:start position:0% the last talk that people don't really 00:20:07.380 --> 00:20:10.519 align:start position:0% the last talk that people don't really care<00:20:07.679> about<00:20:07.799> in<00:20:08.309> gas<00:20:09.179> fees<00:20:09.450> but<00:20:10.200> if<00:20:10.260> we<00:20:10.380> just 00:20:10.519 --> 00:20:10.529 align:start position:0% care about in gas fees but if we just 00:20:10.529 --> 00:20:12.260 align:start position:0% care about in gas fees but if we just change<00:20:10.770> the<00:20:10.799> language<00:20:11.130> there's<00:20:11.370> fees<00:20:11.970> with 00:20:12.260 --> 00:20:12.270 align:start position:0% change the language there's fees with 00:20:12.270 --> 00:20:14.840 align:start position:0% change the language there's fees with that<00:20:12.419> help<00:20:12.809> you<00:20:13.710> know<00:20:13.799> they<00:20:14.010> I<00:20:14.039> think<00:20:14.279> it's<00:20:14.760> an 00:20:14.840 --> 00:20:14.850 align:start position:0% that help you know they I think it's an 00:20:14.850 --> 00:20:15.860 align:start position:0% that help you know they I think it's an open<00:20:14.940> question<00:20:15.090> and<00:20:15.450> something<00:20:15.720> worth 00:20:15.860 --> 00:20:15.870 align:start position:0% open question and something worth 00:20:15.870 --> 00:20:17.419 align:start position:0% open question and something worth testing<00:20:16.140> I<00:20:16.409> think<00:20:16.440> one<00:20:16.710> of<00:20:16.740> the<00:20:16.919> issues<00:20:17.190> is 00:20:17.419 --> 00:20:17.429 align:start position:0% testing I think one of the issues is 00:20:17.429 --> 00:20:19.159 align:start position:0% testing I think one of the issues is that<00:20:17.460> when<00:20:18.240> you're<00:20:18.360> talking<00:20:18.630> to<00:20:18.659> new<00:20:18.929> user 00:20:19.159 --> 00:20:19.169 align:start position:0% that when you're talking to new user 00:20:19.169 --> 00:20:21.260 align:start position:0% that when you're talking to new user when<00:20:19.620> you<00:20:19.770> tell<00:20:19.980> them<00:20:20.100> there's<00:20:20.429> a<00:20:20.520> fee<00:20:20.760> they 00:20:21.260 --> 00:20:21.270 align:start position:0% when you tell them there's a fee they 00:20:21.270 --> 00:20:22.760 align:start position:0% when you tell them there's a fee they usually<00:20:21.779> assume<00:20:22.049> that<00:20:22.260> you're<00:20:22.380> taking<00:20:22.679> the 00:20:22.760 --> 00:20:22.770 align:start position:0% usually assume that you're taking the 00:20:22.770 --> 00:20:23.120 align:start position:0% usually assume that you're taking the fee 00:20:23.120 --> 00:20:23.130 align:start position:0% fee 00:20:23.130 --> 00:20:24.529 align:start position:0% fee we're<00:20:23.520> not<00:20:23.610> taking<00:20:23.760> the<00:20:23.940> feet<00:20:24.179> right<00:20:24.360> like 00:20:24.529 --> 00:20:24.539 align:start position:0% we're not taking the feet right like 00:20:24.539 --> 00:20:26.029 align:start position:0% we're not taking the feet right like wallets<00:20:24.840> don't<00:20:25.020> take<00:20:25.140> the<00:20:25.260> fee<00:20:25.409> and<00:20:25.590> so<00:20:26.010> I 00:20:26.029 --> 00:20:26.039 align:start position:0% wallets don't take the fee and so I 00:20:26.039 --> 00:20:27.380 align:start position:0% wallets don't take the fee and so I think<00:20:26.130> if<00:20:26.340> you<00:20:26.520> if<00:20:26.820> you<00:20:26.909> make<00:20:27.059> it<00:20:27.179> clear<00:20:27.270> that 00:20:27.380 --> 00:20:27.390 align:start position:0% think if you if you make it clear that 00:20:27.390 --> 00:20:29.630 align:start position:0% think if you if you make it clear that it's<00:20:27.630> a<00:20:27.720> gas<00:20:27.929> fee<00:20:28.260> and<00:20:28.500> you<00:20:28.890> try<00:20:29.070> the<00:20:29.130> concept 00:20:29.630 --> 00:20:29.640 align:start position:0% it's a gas fee and you try the concept 00:20:29.640 --> 00:20:30.529 align:start position:0% it's a gas fee and you try the concept back<00:20:29.760> to<00:20:29.820> what's<00:20:30.090> going<00:20:30.240> on<00:20:30.360> on<00:20:30.419> the 00:20:30.529 --> 00:20:30.539 align:start position:0% back to what's going on on the 00:20:30.539 --> 00:20:32.450 align:start position:0% back to what's going on on the blockchain<00:20:30.779> and<00:20:31.110> the<00:20:31.169> miners<00:20:31.529> and<00:20:32.309> that's 00:20:32.450 --> 00:20:32.460 align:start position:0% blockchain and the miners and that's 00:20:32.460 --> 00:20:33.830 align:start position:0% blockchain and the miners and that's something<00:20:32.700> we've<00:20:32.820> tried<00:20:33.000> to<00:20:33.090> use<00:20:33.270> helpful 00:20:33.830 --> 00:20:33.840 align:start position:0% something we've tried to use helpful 00:20:33.840 --> 00:20:36.440 align:start position:0% something we've tried to use helpful language<00:20:34.169> inside<00:20:34.440> the<00:20:34.559> app<00:20:34.850> but<00:20:35.850> I<00:20:36.179> think 00:20:36.440 --> 00:20:36.450 align:start position:0% language inside the app but I think 00:20:36.450 --> 00:20:37.789 align:start position:0% language inside the app but I think there's<00:20:36.870> there's<00:20:37.110> the<00:20:37.230> danger<00:20:37.409> that<00:20:37.620> if<00:20:37.740> you 00:20:37.789 --> 00:20:37.799 align:start position:0% there's there's the danger that if you 00:20:37.799 --> 00:20:39.380 align:start position:0% there's there's the danger that if you just<00:20:37.980> say<00:20:38.100> the<00:20:38.250> word<00:20:38.370> fee<00:20:38.640> that<00:20:39.120> people<00:20:39.330> are 00:20:39.380 --> 00:20:39.390 align:start position:0% just say the word fee that people are 00:20:39.390 --> 00:20:40.490 align:start position:0% just say the word fee that people are gonna<00:20:39.510> assume<00:20:39.630> that<00:20:39.750> it's<00:20:39.929> our<00:20:40.049> fee<00:20:40.230> and<00:20:40.380> be 00:20:40.490 --> 00:20:40.500 align:start position:0% gonna assume that it's our fee and be 00:20:40.500 --> 00:20:41.720 align:start position:0% gonna assume that it's our fee and be like<00:20:40.620> oh<00:20:40.649> you're<00:20:40.799> charging<00:20:41.100> too<00:20:41.190> much<00:20:41.220> well 00:20:41.720 --> 00:20:41.730 align:start position:0% like oh you're charging too much well 00:20:41.730 --> 00:20:48.740 align:start position:0% like oh you're charging too much well we're<00:20:42.000> not<00:20:42.090> right<00:20:42.510> so<00:20:42.750> yeah<00:20:43.470> oh<00:20:46.820> so<00:20:47.820> people<00:20:48.539> is 00:20:48.740 --> 00:20:48.750 align:start position:0% we're not right so yeah oh so people is 00:20:48.750 --> 00:20:52.549 align:start position:0% we're not right so yeah oh so people is for<00:20:49.110> example<00:20:49.230> now<00:20:49.740> gone<00:20:50.039> free<00:20:50.429> for<00:20:50.820> peeps<00:20:51.559> is 00:20:52.549 --> 00:20:52.559 align:start position:0% for example now gone free for peeps is 00:20:52.559 --> 00:20:54.230 align:start position:0% for example now gone free for peeps is that<00:20:52.799> a<00:20:52.830> problem<00:20:53.250> because<00:20:53.789> you<00:20:53.880> kind<00:20:54.029> of<00:20:54.090> don't 00:20:54.230 --> 00:20:54.240 align:start position:0% that a problem because you kind of don't 00:20:54.240 --> 00:20:56.090 align:start position:0% that a problem because you kind of don't want<00:20:54.360> users<00:20:54.779> to<00:20:54.960> suddenly<00:20:55.380> go<00:20:55.620> back<00:20:55.830> into<00:20:56.010> that 00:20:56.090 --> 00:20:56.100 align:start position:0% want users to suddenly go back into that 00:20:56.100 --> 00:20:57.830 align:start position:0% want users to suddenly go back into that mindset<00:20:56.520> of<00:20:56.789> well<00:20:57.090> look<00:20:57.299> someone<00:20:57.570> else<00:20:57.690> is 00:20:57.830 --> 00:20:57.840 align:start position:0% mindset of well look someone else is 00:20:57.840 --> 00:20:59.419 align:start position:0% mindset of well look someone else is dealing<00:20:58.049> with<00:20:58.380> paying<00:20:58.860> for<00:20:58.980> all<00:20:59.190> of<00:20:59.340> this 00:20:59.419 --> 00:20:59.429 align:start position:0% dealing with paying for all of this 00:20:59.429 --> 00:21:02.539 align:start position:0% dealing with paying for all of this stuff<00:20:59.580> isn't<00:21:00.149> it<00:21:00.860> and<00:21:01.860> we're<00:21:02.010> sacrificing 00:21:02.539 --> 00:21:02.549 align:start position:0% stuff isn't it and we're sacrificing 00:21:02.549 --> 00:21:04.730 align:start position:0% stuff isn't it and we're sacrificing that<00:21:02.610> obviously<00:21:02.909> for<00:21:03.090> convenience<00:21:03.600> is<00:21:04.380> that 00:21:04.730 --> 00:21:04.740 align:start position:0% that obviously for convenience is that 00:21:04.740 --> 00:21:06.230 align:start position:0% that obviously for convenience is that the<00:21:04.830> wrong<00:21:05.010> sacrifice<00:21:05.580> to<00:21:05.730> make<00:21:05.760> you<00:21:06.059> want 00:21:06.230 --> 00:21:06.240 align:start position:0% the wrong sacrifice to make you want 00:21:06.240 --> 00:21:07.580 align:start position:0% the wrong sacrifice to make you want users<00:21:06.480> to<00:21:06.600> actually<00:21:06.990> have<00:21:07.140> a<00:21:07.169> sense<00:21:07.440> of 00:21:07.580 --> 00:21:07.590 align:start position:0% users to actually have a sense of 00:21:07.590 --> 00:21:09.110 align:start position:0% users to actually have a sense of control<00:21:07.799> over<00:21:08.340> what<00:21:08.490> they're<00:21:08.730> doing<00:21:08.970> and 00:21:09.110 --> 00:21:09.120 align:start position:0% control over what they're doing and 00:21:09.120 --> 00:21:10.760 align:start position:0% control over what they're doing and remind<00:21:09.419> them<00:21:09.570> in<00:21:09.840> a<00:21:09.960> kind<00:21:10.140> of<00:21:10.169> educated<00:21:10.620> way 00:21:10.760 --> 00:21:10.770 align:start position:0% remind them in a kind of educated way 00:21:10.770 --> 00:21:13.669 align:start position:0% remind them in a kind of educated way it's<00:21:11.429> you<00:21:11.700> who's<00:21:12.029> in<00:21:12.149> control<00:21:12.470> yeah<00:21:13.470> that's 00:21:13.669 --> 00:21:13.679 align:start position:0% it's you who's in control yeah that's 00:21:13.679 --> 00:21:16.070 align:start position:0% it's you who's in control yeah that's that's<00:21:13.950> a<00:21:14.070> great<00:21:14.250> question<00:21:14.760> I<00:21:15.240> don't<00:21:15.870> know<00:21:15.960> if 00:21:16.070 --> 00:21:16.080 align:start position:0% that's a great question I don't know if 00:21:16.080 --> 00:21:18.080 align:start position:0% that's a great question I don't know if necessarily<00:21:16.529> making<00:21:16.799> people<00:21:17.279> pay<00:21:17.309> money<00:21:17.820> is 00:21:18.080 --> 00:21:18.090 align:start position:0% necessarily making people pay money is 00:21:18.090 --> 00:21:20.000 align:start position:0% necessarily making people pay money is the<00:21:18.779> best<00:21:18.899> way<00:21:19.110> to<00:21:19.140> illustrate<00:21:19.409> that<00:21:19.740> they're 00:21:20.000 --> 00:21:20.010 align:start position:0% the best way to illustrate that they're 00:21:20.010 --> 00:21:21.590 align:start position:0% the best way to illustrate that they're in<00:21:20.130> control<00:21:20.399> but<00:21:20.880> I<00:21:20.940> get<00:21:21.179> your<00:21:21.299> point<00:21:21.450> about 00:21:21.590 --> 00:21:21.600 align:start position:0% in control but I get your point about 00:21:21.600 --> 00:21:23.090 align:start position:0% in control but I get your point about the<00:21:21.809> incentive<00:21:22.200> system<00:21:22.320> if<00:21:22.590> someone<00:21:22.830> else<00:21:22.919> is 00:21:23.090 --> 00:21:23.100 align:start position:0% the incentive system if someone else is 00:21:23.100 --> 00:21:24.710 align:start position:0% the incentive system if someone else is paying<00:21:23.130> for<00:21:23.370> you<00:21:23.610> and<00:21:23.880> if<00:21:24.330> something<00:21:24.600> you<00:21:24.630> know 00:21:24.710 --> 00:21:24.720 align:start position:0% paying for you and if something you know 00:21:24.720 --> 00:21:27.200 align:start position:0% paying for you and if something you know this<00:21:25.049> if<00:21:25.200> if<00:21:25.890> the<00:21:26.250> product<00:21:26.610> is<00:21:26.700> free<00:21:27.000> then<00:21:27.179> you 00:21:27.200 --> 00:21:27.210 align:start position:0% this if if the product is free then you 00:21:27.210 --> 00:21:29.330 align:start position:0% this if if the product is free then you are<00:21:27.480> the<00:21:27.600> product<00:21:27.929> right<00:21:28.620> and<00:21:28.890> so<00:21:29.100> there's<00:21:29.279> a 00:21:29.330 --> 00:21:29.340 align:start position:0% are the product right and so there's a 00:21:29.340 --> 00:21:31.010 align:start position:0% are the product right and so there's a danger<00:21:29.669> of<00:21:29.700> that<00:21:29.940> I<00:21:30.120> think<00:21:30.659> there's<00:21:30.809> gonna<00:21:30.899> be 00:21:31.010 --> 00:21:31.020 align:start position:0% danger of that I think there's gonna be 00:21:31.020 --> 00:21:33.260 align:start position:0% danger of that I think there's gonna be three<00:21:31.230> or<00:21:31.260> four<00:21:31.350> different<00:21:31.740> kinds<00:21:32.279> of<00:21:32.429> like 00:21:33.260 --> 00:21:33.270 align:start position:0% three or four different kinds of like 00:21:33.270 --> 00:21:35.630 align:start position:0% three or four different kinds of like business<00:21:33.929> models<00:21:34.230> that<00:21:34.260> appear<00:21:34.620> over<00:21:35.100> crypto 00:21:35.630 --> 00:21:35.640 align:start position:0% business models that appear over crypto 00:21:35.640 --> 00:21:37.159 align:start position:0% business models that appear over crypto right<00:21:36.090> you<00:21:36.240> could<00:21:36.390> see<00:21:36.539> that<00:21:36.690> one<00:21:36.899> state 00:21:37.159 --> 00:21:37.169 align:start position:0% right you could see that one state 00:21:37.169 --> 00:21:38.539 align:start position:0% right you could see that one state channels<00:21:37.559> appear<00:21:37.830> and<00:21:37.950> payment<00:21:38.279> channels 00:21:38.539 --> 00:21:38.549 align:start position:0% channels appear and payment channels 00:21:38.549 --> 00:21:41.840 align:start position:0% channels appear and payment channels appear<00:21:38.820> and<00:21:39.630> are<00:21:39.809> in<00:21:40.110> production<00:21:40.590> and<00:21:40.860> and<00:21:41.279> you 00:21:41.840 --> 00:21:41.850 align:start position:0% appear and are in production and and you 00:21:41.850 --> 00:21:43.880 align:start position:0% appear and are in production and and you know<00:21:41.970> reliable<00:21:42.570> that<00:21:43.080> you<00:21:43.230> won't<00:21:43.440> have<00:21:43.620> the 00:21:43.880 --> 00:21:43.890 align:start position:0% know reliable that you won't have the 00:21:43.890 --> 00:21:45.919 align:start position:0% know reliable that you won't have the problem<00:21:44.100> of<00:21:44.460> fees<00:21:44.669> anymore<00:21:44.940> as<00:21:45.149> much<00:21:45.360> and<00:21:45.600> so 00:21:45.919 --> 00:21:45.929 align:start position:0% problem of fees anymore as much and so 00:21:45.929 --> 00:21:48.260 align:start position:0% problem of fees anymore as much and so maybe<00:21:46.080> that<00:21:46.169> problem<00:21:46.559> goes<00:21:46.710> away<00:21:46.740> in<00:21:47.370> in<00:21:47.850> the 00:21:48.260 --> 00:21:48.270 align:start position:0% maybe that problem goes away in in the 00:21:48.270 --> 00:21:53.870 align:start position:0% maybe that problem goes away in in the next<00:21:48.480> six<00:21:48.630> months<00:21:51.080> you<00:21:52.080> mentioned<00:21:53.070> a<00:21:53.520> couple 00:21:53.870 --> 00:21:53.880 align:start position:0% next six months you mentioned a couple 00:21:53.880 --> 00:21:56.120 align:start position:0% next six months you mentioned a couple of<00:21:54.059> times<00:21:54.330> the<00:21:54.600> reasons<00:21:55.020> for<00:21:55.080> success<00:21:55.559> for 00:21:56.120 --> 00:21:56.130 align:start position:0% of times the reasons for success for 00:21:56.130 --> 00:21:59.870 align:start position:0% of times the reasons for success for apps<00:21:56.640> to<00:21:56.970> get<00:21:57.690> mass<00:21:57.899> adoption<00:21:58.789> what<00:21:59.789> I'm 00:21:59.870 --> 00:21:59.880 align:start position:0% apps to get mass adoption what I'm 00:21:59.880 --> 00:22:01.730 align:start position:0% apps to get mass adoption what I'm wondering<00:22:00.090> is<00:22:00.419> do<00:22:00.870> you<00:22:00.990> think<00:22:01.049> that<00:22:01.350> these 00:22:01.730 --> 00:22:01.740 align:start position:0% wondering is do you think that these 00:22:01.740 --> 00:22:05.090 align:start position:0% wondering is do you think that these same<00:22:02.960> reasons<00:22:03.960> apply<00:22:04.289> automatically<00:22:04.919> to 00:22:05.090 --> 00:22:05.100 align:start position:0% same reasons apply automatically to 00:22:05.100 --> 00:22:07.299 align:start position:0% same reasons apply automatically to adapts<00:22:05.429> or<00:22:05.789> where<00:22:06.390> could<00:22:06.690> there<00:22:06.929> be 00:22:07.299 --> 00:22:07.309 align:start position:0% adapts or where could there be 00:22:07.309 --> 00:22:08.630 align:start position:0% adapts or where could there be differences<00:22:08.309> we 00:22:08.630 --> 00:22:08.640 align:start position:0% differences we 00:22:08.640 --> 00:22:11.600 align:start position:0% differences we -<00:22:08.730> in-depth<00:22:09.300> and<00:22:09.600> apps<00:22:09.900> in<00:22:10.260> in<00:22:10.620> very<00:22:10.950> strategic 00:22:11.600 --> 00:22:11.610 align:start position:0% - in-depth and apps in in very strategic 00:22:11.610 --> 00:22:15.260 align:start position:0% - in-depth and apps in in very strategic in<00:22:12.330> you<00:22:12.870> know<00:22:12.990> -<00:22:13.050> in<00:22:13.500> very<00:22:13.860> strategic<00:22:14.100> terms<00:22:14.610> to 00:22:15.260 --> 00:22:15.270 align:start position:0% in you know - in very strategic terms to 00:22:15.270 --> 00:22:18.200 align:start position:0% in you know - in very strategic terms to become<00:22:15.600> successful<00:22:16.400> so<00:22:17.400> I<00:22:17.430> think<00:22:17.850> you<00:22:18.120> know 00:22:18.200 --> 00:22:18.210 align:start position:0% become successful so I think you know 00:22:18.210 --> 00:22:20.090 align:start position:0% become successful so I think you know dab<00:22:18.690> synapse<00:22:19.110> from<00:22:19.290> a<00:22:19.380> user<00:22:19.500> perspective<00:22:19.680> of 00:22:20.090 --> 00:22:20.100 align:start position:0% dab synapse from a user perspective of 00:22:20.100 --> 00:22:21.500 align:start position:0% dab synapse from a user perspective of this<00:22:20.190> dad<00:22:20.370> should<00:22:20.820> be<00:22:20.940> the<00:22:21.060> same<00:22:21.210> thing<00:22:21.390> that 00:22:21.500 --> 00:22:21.510 align:start position:0% this dad should be the same thing that 00:22:21.510 --> 00:22:24.080 align:start position:0% this dad should be the same thing that they<00:22:21.660> don't<00:22:21.840> care<00:22:22.020> about<00:22:22.620> whether<00:22:23.130> it's<00:22:23.430> based 00:22:24.080 --> 00:22:24.090 align:start position:0% they don't care about whether it's based 00:22:24.090 --> 00:22:26.090 align:start position:0% they don't care about whether it's based on<00:22:24.150> a<00:22:24.210> decentralized<00:22:24.840> technology<00:22:24.980> but<00:22:25.980> it's 00:22:26.090 --> 00:22:26.100 align:start position:0% on a decentralized technology but it's 00:22:26.100 --> 00:22:27.980 align:start position:0% on a decentralized technology but it's really<00:22:26.280> about<00:22:26.430> can<00:22:27.090> we<00:22:27.120> leverage<00:22:27.420> the<00:22:27.780> fact 00:22:27.980 --> 00:22:27.990 align:start position:0% really about can we leverage the fact 00:22:27.990 --> 00:22:31.730 align:start position:0% really about can we leverage the fact that<00:22:28.200> we<00:22:28.980> have<00:22:29.220> a<00:22:29.960> programmable<00:22:30.960> value<00:22:31.500> and 00:22:31.730 --> 00:22:31.740 align:start position:0% that we have a programmable value and 00:22:31.740 --> 00:22:33.440 align:start position:0% that we have a programmable value and that<00:22:32.250> it<00:22:32.370> has<00:22:32.490> without<00:22:32.730> borders<00:22:33.270> without 00:22:33.440 --> 00:22:33.450 align:start position:0% that it has without borders without 00:22:33.450 --> 00:22:35.240 align:start position:0% that it has without borders without permissions<00:22:34.080> can<00:22:34.620> we<00:22:34.800> create<00:22:34.950> a<00:22:35.040> really 00:22:35.240 --> 00:22:35.250 align:start position:0% permissions can we create a really 00:22:35.250 --> 00:22:37.070 align:start position:0% permissions can we create a really powerful<00:22:35.430> product<00:22:36.060> there<00:22:36.300> where<00:22:36.870> you<00:22:36.990> know 00:22:37.070 --> 00:22:37.080 align:start position:0% powerful product there where you know 00:22:37.080 --> 00:22:39.020 align:start position:0% powerful product there where you know traditional<00:22:37.470> financial<00:22:37.710> applications<00:22:38.370> they 00:22:39.020 --> 00:22:39.030 align:start position:0% traditional financial applications they 00:22:39.030 --> 00:22:41.000 align:start position:0% traditional financial applications they have<00:22:39.060> to<00:22:39.330> kyc<00:22:39.810> you<00:22:39.990> you<00:22:40.530> have<00:22:40.680> to<00:22:40.800> be<00:22:40.890> in<00:22:40.980> a 00:22:41.000 --> 00:22:41.010 align:start position:0% have to kyc you you have to be in a 00:22:41.010 --> 00:22:42.620 align:start position:0% have to kyc you you have to be in a certain<00:22:41.190> geography<00:22:41.820> you<00:22:42.300> have<00:22:42.450> to<00:22:42.540> have 00:22:42.620 --> 00:22:42.630 align:start position:0% certain geography you have to have 00:22:42.630 --> 00:22:44.200 align:start position:0% certain geography you have to have permission<00:22:42.990> to<00:22:43.020> operate<00:22:43.200> on<00:22:43.530> their<00:22:43.680> product 00:22:44.200 --> 00:22:44.210 align:start position:0% permission to operate on their product 00:22:44.210 --> 00:22:45.980 align:start position:0% permission to operate on their product crypto<00:22:45.210> changes<00:22:45.540> all<00:22:45.660> of<00:22:45.750> that 00:22:45.980 --> 00:22:45.990 align:start position:0% crypto changes all of that 00:22:45.990 --> 00:22:48.380 align:start position:0% crypto changes all of that so<00:22:46.080> can<00:22:46.290> you<00:22:46.440> create<00:22:46.740> programs<00:22:47.340> that<00:22:47.970> that 00:22:48.380 --> 00:22:48.390 align:start position:0% so can you create programs that that 00:22:48.390 --> 00:22:51.140 align:start position:0% so can you create programs that that make<00:22:48.570> make<00:22:48.990> use<00:22:49.320> of<00:22:49.350> that<00:22:49.620> right<00:22:50.130> I<00:22:50.640> think 00:22:51.140 --> 00:22:51.150 align:start position:0% make make use of that right I think 00:22:51.150 --> 00:22:52.280 align:start position:0% make make use of that right I think that's<00:22:51.330> that's<00:22:51.600> where<00:22:51.870> you<00:22:51.960> can<00:22:52.140> actually 00:22:52.280 --> 00:22:52.290 align:start position:0% that's that's where you can actually 00:22:52.290 --> 00:22:53.990 align:start position:0% that's that's where you can actually create<00:22:53.010> a<00:22:53.100> product<00:22:53.460> where<00:22:53.610> even<00:22:53.790> the<00:22:53.850> user 00:22:53.990 --> 00:22:54.000 align:start position:0% create a product where even the user 00:22:54.000 --> 00:22:55.490 align:start position:0% create a product where even the user doesn't<00:22:54.240> know<00:22:54.390> the<00:22:54.480> using<00:22:54.720> crypto<00:22:55.020> it's 00:22:55.490 --> 00:22:55.500 align:start position:0% doesn't know the using crypto it's 00:22:55.500 --> 00:22:56.960 align:start position:0% doesn't know the using crypto it's suddenly<00:22:55.800> much<00:22:55.980> more<00:22:56.190> powerful<00:22:56.580> because<00:22:56.610> it's 00:22:56.960 --> 00:22:56.970 align:start position:0% suddenly much more powerful because it's 00:22:56.970 --> 00:22:58.730 align:start position:0% suddenly much more powerful because it's available<00:22:57.120> to<00:22:57.450> more<00:22:57.570> people<00:22:57.630> and<00:22:58.080> because 00:22:58.730 --> 00:22:58.740 align:start position:0% available to more people and because 00:22:58.740 --> 00:23:02.120 align:start position:0% available to more people and because it's<00:22:58.860> more<00:22:59.040> efficient<00:22:59.430> with<00:22:59.760> value<00:23:00.680> so<00:23:01.680> how 00:23:02.120 --> 00:23:02.130 align:start position:0% it's more efficient with value so how 00:23:02.130 --> 00:23:04.900 align:start position:0% it's more efficient with value so how much<00:23:02.280> that<00:23:02.430> we<00:23:02.550> have<00:23:02.640> left<00:23:02.850> maybe<00:23:03.300> does<00:23:04.140> it<00:23:04.290> say 00:23:04.900 --> 00:23:04.910 align:start position:0% much that we have left maybe does it say 00:23:04.910 --> 00:23:09.020 align:start position:0% much that we have left maybe does it say hey<00:23:05.910> oh<00:23:06.450> we<00:23:06.810> have<00:23:06.900> a<00:23:06.960> minute<00:23:07.280> okay<00:23:08.280> very<00:23:08.760> last 00:23:09.020 --> 00:23:09.030 align:start position:0% hey oh we have a minute okay very last 00:23:09.030 --> 00:23:12.590 align:start position:0% hey oh we have a minute okay very last question<00:23:10.040> first<00:23:11.040> thank<00:23:11.820> you<00:23:11.940> so<00:23:12.210> much<00:23:12.390> for 00:23:12.590 --> 00:23:12.600 align:start position:0% question first thank you so much for 00:23:12.600 --> 00:23:15.740 align:start position:0% question first thank you so much for emphasizing<00:23:13.320> the<00:23:13.650> need<00:23:13.680> for<00:23:13.950> use<00:23:14.520> cases<00:23:14.880> we 00:23:15.740 --> 00:23:15.750 align:start position:0% emphasizing the need for use cases we 00:23:15.750 --> 00:23:17.090 align:start position:0% emphasizing the need for use cases we need<00:23:15.900> to<00:23:16.020> actually<00:23:16.140> have<00:23:16.410> things<00:23:16.740> that<00:23:16.950> people 00:23:17.090 --> 00:23:17.100 align:start position:0% need to actually have things that people 00:23:17.100 --> 00:23:21.200 align:start position:0% need to actually have things that people need<00:23:17.870> web<00:23:18.870> versus<00:23:19.440> native<00:23:19.470> and<00:23:20.210> enterprise 00:23:21.200 --> 00:23:21.210 align:start position:0% need web versus native and enterprise 00:23:21.210 --> 00:23:23.090 align:start position:0% need web versus native and enterprise what<00:23:21.900> are<00:23:22.020> what<00:23:22.260> is<00:23:22.290> your<00:23:22.440> take<00:23:22.650> on<00:23:22.680> the 00:23:23.090 --> 00:23:23.100 align:start position:0% what are what is your take on the 00:23:23.100 --> 00:23:26.960 align:start position:0% what are what is your take on the priorities<00:23:23.670> in<00:23:23.940> those<00:23:24.510> spaces<00:23:25.340> sure<00:23:26.340> so<00:23:26.550> I'll 00:23:26.960 --> 00:23:26.970 align:start position:0% priorities in those spaces sure so I'll 00:23:26.970 --> 00:23:29.240 align:start position:0% priorities in those spaces sure so I'll comment<00:23:27.210> on<00:23:27.450> web<00:23:27.690> versus<00:23:28.050> native<00:23:28.080> and<00:23:28.680> not<00:23:29.100> the 00:23:29.240 --> 00:23:29.250 align:start position:0% comment on web versus native and not the 00:23:29.250 --> 00:23:30.290 align:start position:0% comment on web versus native and not the enterprise<00:23:29.550> because<00:23:29.730> frankly<00:23:30.120> I<00:23:30.150> haven't 00:23:30.290 --> 00:23:30.300 align:start position:0% enterprise because frankly I haven't 00:23:30.300 --> 00:23:32.030 align:start position:0% enterprise because frankly I haven't paid<00:23:30.450> any<00:23:30.600> attention<00:23:30.720> there<00:23:31.170> whereas<00:23:31.830> web 00:23:32.030 --> 00:23:32.040 align:start position:0% paid any attention there whereas web 00:23:32.040 --> 00:23:33.620 align:start position:0% paid any attention there whereas web versus<00:23:32.400> native<00:23:32.430> I've<00:23:32.940> spent<00:23:33.180> a<00:23:33.240> lot<00:23:33.360> of<00:23:33.420> time 00:23:33.620 --> 00:23:33.630 align:start position:0% versus native I've spent a lot of time 00:23:33.630 --> 00:23:35.870 align:start position:0% versus native I've spent a lot of time thinking<00:23:33.810> about<00:23:34.020> that<00:23:34.250> you<00:23:35.250> know<00:23:35.370> we<00:23:35.580> started 00:23:35.870 --> 00:23:35.880 align:start position:0% thinking about that you know we started 00:23:35.880 --> 00:23:37.970 align:start position:0% thinking about that you know we started off<00:23:36.030> as<00:23:36.240> a<00:23:36.480> native<00:23:36.840> the<00:23:37.350> incumbent<00:23:37.740> was<00:23:37.800> mayor 00:23:37.970 --> 00:23:37.980 align:start position:0% off as a native the incumbent was mayor 00:23:37.980 --> 00:23:39.650 align:start position:0% off as a native the incumbent was mayor of<00:23:38.070> mass<00:23:38.190> we<00:23:38.370> started<00:23:38.670> off<00:23:38.730> as<00:23:38.880> a<00:23:38.910> as<00:23:39.300> a<00:23:39.330> native 00:23:39.650 --> 00:23:39.660 align:start position:0% of mass we started off as a as a native 00:23:39.660 --> 00:23:42.050 align:start position:0% of mass we started off as a as a native product<00:23:39.990> I<00:23:40.140> think<00:23:40.680> I<00:23:40.770> reflect<00:23:41.460> back<00:23:41.520> on<00:23:41.850> what's 00:23:42.050 --> 00:23:42.060 align:start position:0% product I think I reflect back on what's 00:23:42.060 --> 00:23:43.610 align:start position:0% product I think I reflect back on what's happened<00:23:42.390> with<00:23:42.450> the<00:23:42.540> internet<00:23:42.840> today<00:23:42.960> which 00:23:43.610 --> 00:23:43.620 align:start position:0% happened with the internet today which 00:23:43.620 --> 00:23:45.440 align:start position:0% happened with the internet today which is<00:23:43.650> that<00:23:43.830> half<00:23:44.700> the<00:23:44.910> activity<00:23:45.330> on<00:23:45.420> the 00:23:45.440 --> 00:23:45.450 align:start position:0% is that half the activity on the 00:23:45.450 --> 00:23:47.870 align:start position:0% is that half the activity on the internet<00:23:45.840> for<00:23:46.170> the<00:23:46.290> long<00:23:46.530> tail<00:23:46.770> of<00:23:47.070> activity 00:23:47.870 --> 00:23:47.880 align:start position:0% internet for the long tail of activity 00:23:47.880 --> 00:23:50.180 align:start position:0% internet for the long tail of activity is<00:23:48.000> in<00:23:48.120> web<00:23:48.300> but<00:23:49.110> for<00:23:49.290> any<00:23:49.470> product<00:23:49.950> that<00:23:50.010> is 00:23:50.180 --> 00:23:50.190 align:start position:0% is in web but for any product that is 00:23:50.190 --> 00:23:52.250 align:start position:0% is in web but for any product that is successful<00:23:50.550> they<00:23:51.270> eventually<00:23:51.480> want<00:23:51.870> to<00:23:51.990> build 00:23:52.250 --> 00:23:52.260 align:start position:0% successful they eventually want to build 00:23:52.260 --> 00:23:54.020 align:start position:0% successful they eventually want to build their<00:23:52.620> own<00:23:52.650> native<00:23:52.950> experience<00:23:53.280> that 00:23:54.020 --> 00:23:54.030 align:start position:0% their own native experience that 00:23:54.030 --> 00:23:56.000 align:start position:0% their own native experience that controls<00:23:54.420> the<00:23:54.570> experience<00:23:54.960> and<00:23:55.140> because<00:23:55.890> they 00:23:56.000 --> 00:23:56.010 align:start position:0% controls the experience and because they 00:23:56.010 --> 00:23:58.730 align:start position:0% controls the experience and because they native<00:23:56.520> just<00:23:56.700> is<00:23:56.850> a<00:23:56.880> richer<00:23:57.630> format<00:23:58.110> and<00:23:58.320> a 00:23:58.730 --> 00:23:58.740 align:start position:0% native just is a richer format and a 00:23:58.740 --> 00:24:01.370 align:start position:0% native just is a richer format and a more<00:23:59.010> powerful<00:23:59.580> format<00:24:00.120> for<00:24:00.510> that<00:24:00.630> and<00:24:00.780> so 00:24:01.370 --> 00:24:01.380 align:start position:0% more powerful format for that and so 00:24:01.380 --> 00:24:02.930 align:start position:0% more powerful format for that and so once<00:24:01.680> again<00:24:01.800> we're<00:24:02.100> actively<00:24:02.640> trying<00:24:02.880> to 00:24:02.930 --> 00:24:02.940 align:start position:0% once again we're actively trying to 00:24:02.940 --> 00:24:04.940 align:start position:0% once again we're actively trying to think<00:24:03.120> about<00:24:03.210> how<00:24:03.330> can<00:24:03.570> at<00:24:04.320> the<00:24:04.440> same<00:24:04.620> time<00:24:04.800> the 00:24:04.940 --> 00:24:04.950 align:start position:0% think about how can at the same time the 00:24:04.950 --> 00:24:06.350 align:start position:0% think about how can at the same time the problem<00:24:05.250> with<00:24:05.340> going<00:24:05.460> completely<00:24:05.970> native<00:24:06.120> in 00:24:06.350 --> 00:24:06.360 align:start position:0% problem with going completely native in 00:24:06.360 --> 00:24:07.940 align:start position:0% problem with going completely native in creating<00:24:06.600> native<00:24:06.840> experiences<00:24:07.320> in<00:24:07.470> crypto<00:24:07.770> is 00:24:07.940 --> 00:24:07.950 align:start position:0% creating native experiences in crypto is 00:24:07.950 --> 00:24:10.220 align:start position:0% creating native experiences in crypto is that<00:24:08.670> if<00:24:09.090> you<00:24:09.300> created<00:24:09.600> a<00:24:09.690> wallet<00:24:09.990> in<00:24:10.080> each 00:24:10.220 --> 00:24:10.230 align:start position:0% that if you created a wallet in each 00:24:10.230 --> 00:24:11.810 align:start position:0% that if you created a wallet in each native<00:24:10.530> experience<00:24:10.740> you<00:24:11.580> would<00:24:11.700> be 00:24:11.810 --> 00:24:11.820 align:start position:0% native experience you would be 00:24:11.820 --> 00:24:13.160 align:start position:0% native experience you would be completely<00:24:12.180> users<00:24:12.600> will<00:24:12.750> be<00:24:12.780> completely 00:24:13.160 --> 00:24:13.170 align:start position:0% completely users will be completely 00:24:13.170 --> 00:24:15.020 align:start position:0% completely users will be completely fragmented<00:24:13.560> where<00:24:13.890> the<00:24:14.370> identity<00:24:14.850> would<00:24:14.970> be 00:24:15.020 --> 00:24:15.030 align:start position:0% fragmented where the identity would be 00:24:15.030 --> 00:24:16.520 align:start position:0% fragmented where the identity would be fragmented<00:24:15.600> across<00:24:15.750> native<00:24:16.200> different 00:24:16.520 --> 00:24:16.530 align:start position:0% fragmented across native different 00:24:16.530 --> 00:24:18.290 align:start position:0% fragmented across native different native<00:24:16.740> apps<00:24:16.920> the<00:24:17.610> assets<00:24:18.150> would<00:24:18.240> be 00:24:18.290 --> 00:24:18.300 align:start position:0% native apps the assets would be 00:24:18.300 --> 00:24:20.300 align:start position:0% native apps the assets would be fragmented<00:24:18.750> across<00:24:19.020> definitive<00:24:19.620> apps<00:24:19.770> it 00:24:20.300 --> 00:24:20.310 align:start position:0% fragmented across definitive apps it 00:24:20.310 --> 00:24:21.470 align:start position:0% fragmented across definitive apps it would<00:24:20.460> actually 00:24:21.470 --> 00:24:21.480 align:start position:0% would actually 00:24:21.480 --> 00:24:24.320 align:start position:0% would actually beat<00:24:21.690> the<00:24:21.960> value<00:24:22.260> of<00:24:22.380> crypto<00:24:22.740> and<00:24:23.010> if<00:24:23.880> you<00:24:24.210> know 00:24:24.320 --> 00:24:24.330 align:start position:0% beat the value of crypto and if you know 00:24:24.330 --> 00:24:25.940 align:start position:0% beat the value of crypto and if you know you<00:24:24.390> actually<00:24:24.660> had<00:24:24.900> a<00:24:24.929> different<00:24:25.080> wallet<00:24:25.830> in 00:24:25.940 --> 00:24:25.950 align:start position:0% you actually had a different wallet in 00:24:25.950 --> 00:24:27.230 align:start position:0% you actually had a different wallet in all<00:24:26.160> of<00:24:26.250> these<00:24:26.309> different<00:24:26.490> native<00:24:26.850> apps<00:24:27.000> and 00:24:27.230 --> 00:24:27.240 align:start position:0% all of these different native apps and 00:24:27.240 --> 00:24:30.200 align:start position:0% all of these different native apps and so<00:24:27.720> we've<00:24:27.870> actively<00:24:28.230> been<00:24:28.440> grappling<00:24:28.679> with<00:24:29.210> we 00:24:30.200 --> 00:24:30.210 align:start position:0% so we've actively been grappling with we 00:24:30.210 --> 00:24:31.909 align:start position:0% so we've actively been grappling with we already<00:24:30.450> serve<00:24:30.750> you<00:24:31.049> know<00:24:31.140> adapts<00:24:31.500> are<00:24:31.679> all<00:24:31.770> on 00:24:31.909 --> 00:24:31.919 align:start position:0% already serve you know adapts are all on 00:24:31.919 --> 00:24:32.539 align:start position:0% already serve you know adapts are all on the<00:24:31.980> web<00:24:32.130> today 00:24:32.539 --> 00:24:32.549 align:start position:0% the web today 00:24:32.549 --> 00:24:34.310 align:start position:0% the web today we<00:24:32.940> want<00:24:33.150> to<00:24:33.240> serve<00:24:33.450> native<00:24:33.840> clients<00:24:34.140> we<00:24:34.200> want 00:24:34.310 --> 00:24:34.320 align:start position:0% we want to serve native clients we want 00:24:34.320 --> 00:24:36.080 align:start position:0% we want to serve native clients we want to<00:24:34.410> be<00:24:34.530> a<00:24:34.559> wallet<00:24:34.919> for<00:24:35.100> native<00:24:35.340> products<00:24:35.850> and 00:24:36.080 --> 00:24:36.090 align:start position:0% to be a wallet for native products and 00:24:36.090 --> 00:24:38.240 align:start position:0% to be a wallet for native products and so<00:24:36.660> we're<00:24:37.260> coming<00:24:37.530> up<00:24:37.559> with<00:24:37.710> the<00:24:37.770> strategy<00:24:37.950> and 00:24:38.240 --> 00:24:38.250 align:start position:0% so we're coming up with the strategy and 00:24:38.250 --> 00:24:39.770 align:start position:0% so we're coming up with the strategy and a<00:24:38.280> product<00:24:38.580> offering<00:24:38.910> for<00:24:39.059> that<00:24:39.179> you<00:24:39.630> should 00:24:39.770 --> 00:24:39.780 align:start position:0% a product offering for that you should 00:24:39.780 --> 00:24:41.320 align:start position:0% a product offering for that you should see<00:24:39.870> that<00:24:39.900> in<00:24:40.080> the<00:24:40.140> next<00:24:40.260> couple<00:24:40.530> of<00:24:40.559> months 00:24:41.320 --> 00:24:41.330 align:start position:0% see that in the next couple of months 00:24:41.330 --> 00:24:43.340 align:start position:0% see that in the next couple of months awesome<00:24:42.360> give<00:24:42.570> it<00:24:42.690> up<00:24:42.750> one<00:24:42.990> more<00:24:43.020> time<00:24:43.169> for 00:24:43.340 --> 00:24:43.350 align:start position:0% awesome give it up one more time for 00:24:43.350 --> 00:24:45.760 align:start position:0% awesome give it up one more time for sale<00:24:43.910> thank<00:24:44.910> you 00:24:45.760 --> 00:24:45.770 align:start position:0% sale thank you 00:24:45.770 --> 00:24:55.640 align:start position:0% sale thank you [Applause] 00:24:55.640 --> 00:24:55.650 align:start position:0% 00:24:55.650 --> 00:24:57.710 align:start position:0% you