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all<00:00:18.380><c> right</c><00:00:18.560><c> so</c><00:00:18.860><c> I</c><00:00:19.130><c> want</c><00:00:19.580><c> to</c><00:00:19.610><c> give</c><00:00:19.759><c> a</c>

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all right so I want to give a
 

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all right so I want to give a
presentation<00:00:21.050><c> about</c><00:00:21.259><c> Geonosis</c><00:00:21.890><c> also</c><00:00:22.810><c> a</c>

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presentation about Geonosis also a
 

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presentation about Geonosis also a
prediction<00:00:24.529><c> market</c><00:00:24.890><c> I</c><00:00:25.329><c> directly</c><00:00:26.329><c> skip</c><00:00:26.599><c> the</c>

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prediction market I directly skip the
 

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prediction market I directly skip the
slide

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slide
 

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slide
what<00:00:27.259><c> is</c><00:00:27.349><c> the</c><00:00:27.410><c> predict</c><00:00:27.649><c> market</c><00:00:27.950><c> we</c><00:00:28.040><c> just</c><00:00:28.809><c> saw</c>

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what is the predict market we just saw
 

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what is the predict market we just saw
auger<00:00:30.230><c> so</c><00:00:30.950><c> I</c><00:00:30.980><c> started</c><00:00:31.340><c> with</c><00:00:32.410><c> why</c><00:00:33.410><c> aetherium</c>

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auger so I started with why aetherium
 

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auger so I started with why aetherium
and<00:00:34.719><c> I</c><00:00:35.719><c> can</c><00:00:36.710><c> make</c><00:00:36.860><c> this</c><00:00:37.040><c> very</c><00:00:37.310><c> concrete</c>

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and I can make this very concrete
 

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and I can make this very concrete
because<00:00:38.630><c> I</c><00:00:39.340><c> started</c><00:00:40.340><c> a</c><00:00:40.700><c> project</c><00:00:41.060><c> called</c><00:00:41.630><c> la</c>

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because I started a project called la
 

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because I started a project called la
about<00:00:42.950><c> 2</c><00:00:43.160><c> years</c><00:00:43.310><c> ago</c><00:00:43.430><c> and</c><00:00:43.940><c> it</c><00:00:44.660><c> was</c><00:00:44.810><c> a</c><00:00:45.730><c> Bitcoin</c>

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about 2 years ago and it was a Bitcoin
 

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about 2 years ago and it was a Bitcoin
prediction<00:00:47.330><c> market</c><00:00:47.720><c> and</c><00:00:48.730><c> there</c><00:00:49.730><c> are</c><00:00:49.820><c> several</c>

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prediction market and there are several
 

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prediction market and there are several
problems<00:00:50.360><c> with</c><00:00:50.720><c> that</c><00:00:50.840><c> so</c><00:00:51.430><c> for</c><00:00:52.430><c> example</c><00:00:52.880><c> if</c><00:00:53.150><c> you</c>

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problems with that so for example if you
 

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problems with that so for example if you
now<00:00:55.010><c> want</c><00:00:55.400><c> to</c><00:00:55.520><c> open</c><00:00:55.910><c> LA</c><00:00:56.720><c> from</c><00:00:57.670><c> your</c><00:00:58.670><c> current</c>

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now want to open LA from your current
 

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now want to open LA from your current
position<00:00:59.150><c> from</c><00:00:59.810><c> inside</c><00:01:00.500><c> the</c><00:01:00.739><c> UK</c><00:01:01.160><c> then</c><00:01:01.940><c> you</c><00:01:02.120><c> see</c>

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position from inside the UK then you see
 

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position from inside the UK then you see
this<00:01:02.450><c> side</c><00:01:02.690><c> and</c><00:01:06.850><c> another</c><00:01:07.850><c> thing</c><00:01:08.150><c> is</c><00:01:08.270><c> obviously</c>

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this side and another thing is obviously
 

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this side and another thing is obviously
security<00:01:09.830><c> so</c><00:01:10.760><c> we</c><00:01:11.330><c> had</c><00:01:11.630><c> the</c><00:01:11.750><c> goal</c><00:01:11.900><c> to</c><00:01:12.370><c> build</c><00:01:13.370><c> a</c>

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security so we had the goal to build a
 

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security so we had the goal to build a
decentralized<00:01:14.180><c> friction</c><00:01:14.659><c> market</c><00:01:15.050><c> that</c><00:01:15.710><c> would</c>

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decentralized friction market that would
 

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decentralized friction market that would
mean<00:01:16.159><c> that</c><00:01:16.909><c> on</c><00:01:17.360><c> the</c><00:01:17.510><c> one</c><00:01:17.659><c> hand</c><00:01:18.729><c> yeah</c><00:01:19.729><c> as</c><00:01:19.820><c> a</c><00:01:19.940><c> user</c>

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mean that on the one hand yeah as a user
 

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mean that on the one hand yeah as a user
should<00:01:20.870><c> not</c><00:01:21.080><c> need</c><00:01:21.320><c> to</c><00:01:21.530><c> trust</c><00:01:22.040><c> us</c><00:01:22.280><c> so</c><00:01:22.670><c> the</c><00:01:23.360><c> goal</c>

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should not need to trust us so the goal
 

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should not need to trust us so the goal
would<00:01:23.780><c> be</c><00:01:23.840><c> that</c><00:01:24.710><c> always</c><00:01:25.640><c> the</c><00:01:26.210><c> money</c><00:01:26.420><c> that</c><00:01:27.140><c> is</c>

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would be that always the money that is
 

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would be that always the money that is
in<00:01:27.830><c> predictions</c><00:01:28.340><c> is</c><00:01:28.729><c> somehow</c><00:01:29.000><c> stored</c><00:01:29.510><c> in</c><00:01:30.170><c> in</c><00:01:30.830><c> a</c>

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in predictions is somehow stored in in a
 

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in predictions is somehow stored in in a
multi<00:01:31.190><c> SiC</c><00:01:31.570><c> contract</c><00:01:32.570><c> and</c><00:01:32.990><c> it</c><00:01:33.260><c> might</c><00:01:33.470><c> be</c>

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multi SiC contract and it might be
 

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multi SiC contract and it might be
possible<00:01:34.130><c> it</c><00:01:34.490><c> might</c><00:01:34.729><c> be</c><00:01:34.880><c> possible</c><00:01:35.630><c> or</c><00:01:36.440><c> it</c>

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possible it might be possible or it
 

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possible it might be possible or it
might<00:01:36.710><c> be</c><00:01:36.740><c> that</c><00:01:37.310><c> it</c><00:01:37.490><c> is</c><00:01:37.820><c> possible</c><00:01:38.390><c> to</c><00:01:38.420><c> achieve</c>

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might be that it is possible to achieve
 

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might be that it is possible to achieve
this<00:01:38.990><c> goal</c><00:01:39.070><c> with</c><00:01:40.070><c> Bitcoin</c><00:01:40.460><c> the</c><00:01:40.880><c> problem</c><00:01:41.240><c> is</c><00:01:41.360><c> it</c>

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this goal with Bitcoin the problem is it
 

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this goal with Bitcoin the problem is it
is<00:01:41.810><c> very</c><00:01:42.110><c> very</c><00:01:42.440><c> complicated</c><00:01:43.930><c> would</c><00:01:44.930><c> take</c><00:01:45.170><c> long</c>

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is very very complicated would take long
 

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is very very complicated would take long
development<00:01:45.950><c> and</c><00:01:46.460><c> you</c><00:01:46.580><c> have</c><00:01:46.820><c> to</c><00:01:47.030><c> make</c><00:01:48.670><c> yeah</c><00:01:49.670><c> it</c>

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development and you have to make yeah it
 

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development and you have to make yeah it
would<00:01:50.479><c> be</c><00:01:50.840><c> not</c><00:01:51.229><c> a</c><00:01:51.260><c> good</c><00:01:51.530><c> user</c><00:01:52.040><c> experience</c><00:01:52.159><c> and</c>

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would be not a good user experience and
 

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would be not a good user experience and
that's<00:01:53.630><c> very</c><00:01:53.900><c> different</c><00:01:54.140><c> with</c><00:01:55.600><c> with</c><00:01:56.600><c> the</c>

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that's very different with with the
 

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that's very different with with the
serial<00:01:57.110><c> but</c><00:01:57.380><c> the</c><00:01:57.500><c> theorem</c><00:01:57.799><c> it's</c><00:01:57.920><c> way</c><00:01:58.670><c> much</c>

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serial but the theorem it's way much
 

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serial but the theorem it's way much
easier<00:01:59.560><c> and</c><00:02:02.170><c> so</c><00:02:03.170><c> the</c><00:02:03.979><c> one</c><00:02:04.130><c> point</c><00:02:04.369><c> is</c><00:02:04.549><c> the</c><00:02:04.729><c> user</c>

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easier and so the one point is the user
 

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easier and so the one point is the user
perspective<00:02:05.060><c> that</c><00:02:05.840><c> the</c><00:02:05.990><c> user</c><00:02:06.170><c> do</c><00:02:06.380><c> not</c><00:02:06.560><c> has</c><00:02:06.710><c> to</c>

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perspective that the user do not has to
 

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perspective that the user do not has to
trust<00:02:07.130><c> us</c><00:02:07.340><c> but</c><00:02:07.939><c> the</c><00:02:08.119><c> other</c><00:02:08.799><c> point</c><00:02:09.799><c> is</c><00:02:10.129><c> that</c><00:02:11.230><c> the</c>

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trust us but the other point is that the
 

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trust us but the other point is that the
theorem<00:02:12.620><c> is</c><00:02:12.680><c> also</c><00:02:12.980><c> great</c><00:02:13.159><c> for</c><00:02:13.189><c> us</c><00:02:13.519><c> for</c><00:02:13.790><c> our</c>

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theorem is also great for us for our
 

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theorem is also great for us for our
perspective<00:02:14.480><c> because</c><00:02:14.599><c> we</c><00:02:14.930><c> do</c><00:02:15.230><c> not</c><00:02:15.439><c> want</c>

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perspective because we do not want
 

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perspective because we do not want
to<00:02:18.140><c> spend</c><00:02:19.140><c> resources</c><00:02:19.470><c> on</c><00:02:19.769><c> security</c><00:02:20.280><c> we</c><00:02:20.459><c> do</c><00:02:20.579><c> not</c>

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to spend resources on security we do not
 

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to spend resources on security we do not
want<00:02:20.970><c> to</c><00:02:21.090><c> hold</c><00:02:21.239><c> the</c><00:02:21.569><c> cold</c><00:02:22.349><c> wallet</c><00:02:22.709><c> of</c><00:02:22.860><c> bitcoins</c>

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want to hold the cold wallet of bitcoins
 

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want to hold the cold wallet of bitcoins
of<00:02:23.909><c> our</c><00:02:24.090><c> users</c><00:02:24.480><c> because</c><00:02:24.840><c> it's</c><00:02:25.049><c> it's</c><00:02:25.379><c> just</c><00:02:25.620><c> risk</c>

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of our users because it's it's just risk
 

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of our users because it's it's just risk
and<00:02:26.310><c> just</c><00:02:26.549><c> a</c><00:02:27.150><c> cost</c><00:02:27.540><c> that</c><00:02:28.230><c> can</c><00:02:28.530><c> be</c><00:02:28.739><c> avoided</c><00:02:29.489><c> with</c>

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material<00:02:33.260><c> so</c><00:02:34.790><c> what's</c><00:02:35.790><c> the</c><00:02:35.939><c> current</c><00:02:36.120><c> status</c><00:02:36.450><c> of</c>

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material so what's the current status of
 

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material so what's the current status of
gnosis<00:02:38.909><c> we</c><00:02:39.599><c> went</c><00:02:39.840><c> live</c><00:02:40.109><c> a</c><00:02:40.920><c> few</c><00:02:41.340><c> days</c><00:02:41.459><c> after</c>

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gnosis we went live a few days after
 

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gnosis we went live a few days after
frontier<00:02:42.959><c> we</c><00:02:43.769><c> since</c><00:02:44.730><c> then</c><00:02:44.909><c> have</c><00:02:45.359><c> a</c><00:02:45.959><c> little</c><00:02:46.920><c> bit</c>

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frontier we since then have a little bit
 

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frontier we since then have a little bit
more<00:02:47.189><c> than</c><00:02:47.370><c> 900</c><00:02:47.940><c> contract</c><00:02:48.720><c> interactions</c><00:02:49.349><c> and</c>

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more than 900 contract interactions and
 

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more than 900 contract interactions and
a<00:02:50.069><c> little</c><00:02:50.549><c> bit</c><00:02:50.639><c> more</c><00:02:50.819><c> than</c><00:02:50.970><c> 5000</c><00:02:51.599><c> ether</c><00:02:52.310><c> in</c>

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a little bit more than 5000 ether in
 

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a little bit more than 5000 ether in
predictions<00:02:54.239><c> so</c><00:02:54.989><c> I</c><00:02:55.019><c> just</c><00:02:55.290><c> now</c><00:02:56.220><c> want</c><00:02:56.459><c> to</c><00:02:56.519><c> give</c>

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predictions so I just now want to give
 

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predictions so I just now want to give
you<00:02:57.859><c> the</c><00:02:58.859><c> demo</c><00:02:59.099><c> and</c><00:03:00.739><c> I</c><00:03:03.290><c> will</c>

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okay<00:03:19.740><c> and</c><00:03:20.130><c> I</c><00:03:20.370><c> want</c><00:03:20.550><c> to</c><00:03:21.470><c> make</c><00:03:22.470><c> a</c><00:03:22.500><c> demo</c><00:03:23.480><c> and</c><00:03:24.480><c> show</c>

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okay and I want to make a demo and show
 

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okay and I want to make a demo and show
how<00:03:25.620><c> a</c><00:03:25.650><c> prediction</c><00:03:26.490><c> market</c><00:03:27.380><c> can</c><00:03:28.380><c> be</c><00:03:28.560><c> used</c><00:03:28.800><c> for</c>

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how a prediction market can be used for
 

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how a prediction market can be used for
decentralized<00:03:30.440><c> decision</c><00:03:31.440><c> making</c><00:03:31.970><c> so</c><00:03:32.970><c> I</c><00:03:33.390><c> think</c>

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decentralized decision making so I think
 

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decentralized decision making so I think
the<00:03:34.020><c> the</c><00:03:34.890><c> I</c><00:03:36.770><c> can</c><00:03:37.770><c> skip</c><00:03:38.010><c> the</c><00:03:38.220><c> usual</c><00:03:39.090><c> use</c><00:03:39.690><c> case</c>

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the the I can skip the usual use case
 

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the the I can skip the usual use case
the<00:03:40.560><c> usual</c><00:03:40.860><c> use</c><00:03:41.010><c> case</c><00:03:41.190><c> would</c><00:03:41.340><c> be</c><00:03:41.370><c> you'd</c>

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the usual use case would be you'd
 

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the usual use case would be you'd
predict<00:03:42.270><c> on</c><00:03:42.600><c> a</c><00:03:42.630><c> specific</c><00:03:43.470><c> event</c><00:03:44.720><c> who</c><00:03:45.720><c> becomes</c>

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predict on a specific event who becomes
 

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predict on a specific event who becomes
the<00:03:46.140><c> next</c><00:03:46.290><c> president</c><00:03:46.380><c> one</c><00:03:47.190><c> of</c><00:03:47.220><c> the</c>

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the next president one of the
 

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the next president one of the
Canonical's<00:03:47.970><c> but</c><00:03:48.480><c> i</c><00:03:48.510><c> want</c><00:03:48.810><c> to</c><00:03:48.990><c> show</c><00:03:49.260><c> you</c><00:03:49.290><c> how</c>

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Canonical's but i want to show you how
 

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Canonical's but i want to show you how
how<00:03:52.470><c> to</c><00:03:52.530><c> use</c><00:03:52.680><c> the</c><00:03:52.890><c> prediction</c><00:03:53.040><c> market</c><00:03:53.430><c> for</c>

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how to use the prediction market for
 

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how to use the prediction market for
decision-making<00:03:54.030><c> so</c><00:03:55.460><c> let's</c><00:03:56.460><c> say</c><00:03:56.640><c> we</c><00:03:57.270><c> take</c>

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decision-making so let's say we take
 

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decision-making so let's say we take
this<00:03:57.780><c> example</c><00:03:58.170><c> of</c><00:03:58.530><c> you</c><00:03:59.370><c> Joe</c><00:03:59.610><c> this</c><00:04:00.410><c> music</c>

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this example of you Joe this music
 

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this example of you Joe this music
platform<00:04:01.560><c> and</c><00:04:02.190><c> we</c><00:04:02.880><c> want</c><00:04:03.060><c> to</c><00:04:03.120><c> make</c><00:04:03.270><c> a</c><00:04:03.300><c> decision</c>

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platform and we want to make a decision
 

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platform and we want to make a decision
what<00:04:04.290><c> is</c><00:04:04.410><c> the</c><00:04:04.500><c> good</c><00:04:04.650><c> price</c><00:04:04.890><c> to</c><00:04:05.100><c> charge</c><00:04:07.520><c> and</c><00:04:09.530><c> the</c>

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what is the good price to charge and the
 

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what is the good price to charge and the
goal

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goal
 

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goal
the<00:04:11.460><c> overall</c><00:04:11.760><c> goal</c><00:04:11.850><c> should</c><00:04:12.300><c> be</c><00:04:12.330><c> to</c><00:04:13.520><c> maximize</c>

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the overall goal should be to maximize
 

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the overall goal should be to maximize
the<00:04:15.570><c> total</c><00:04:15.780><c> the</c><00:04:16.709><c> total</c><00:04:16.739><c> revenue</c><00:04:17.459><c> and</c><00:04:18.290><c> another</c>

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the total the total revenue and another
 

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the total the total revenue and another
example<00:04:19.470><c> could</c><00:04:19.890><c> be</c><00:04:19.950><c> a</c><00:04:20.070><c> decentralized</c>

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example could be a decentralized
 

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example could be a decentralized
exchange<00:04:20.820><c> and</c><00:04:21.600><c> the</c><00:04:21.870><c> decision</c><00:04:22.230><c> would</c><00:04:22.380><c> be</c><00:04:22.610><c> what</c>

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exchange and the decision would be what
 

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exchange and the decision would be what
fees<00:04:23.880><c> to</c><00:04:24.030><c> be</c><00:04:24.060><c> charged</c><00:04:24.510><c> and</c><00:04:24.690><c> again</c><00:04:24.990><c> the</c><00:04:25.170><c> goal</c><00:04:25.320><c> is</c>

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fees to be charged and again the goal is
 

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fees to be charged and again the goal is
to<00:04:26.160><c> maximize</c><00:04:26.700><c> the</c><00:04:27.030><c> over</c><00:04:27.660><c> real</c><00:04:28.080><c> revenue</c><00:04:28.680><c> so</c><00:04:29.400><c> how</c>

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to maximize the over real revenue so how
 

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to maximize the over real revenue so how
would<00:04:30.210><c> work</c><00:04:30.450><c> with</c><00:04:31.040><c> kenosis</c><00:04:32.040><c> you</c><00:04:32.370><c> can</c><00:04:32.610><c> suggest</c>

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would work with kenosis you can suggest
 

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would work with kenosis you can suggest
an<00:04:33.900><c> event</c><00:04:34.140><c> you</c><00:04:34.500><c> would</c><00:04:34.670><c> choose</c><00:04:36.590><c> what</c><00:04:37.590><c> price</c>

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an event you would choose what price
 

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an event you would choose what price
should<00:04:39.540><c> be</c><00:04:39.600><c> charged</c><00:04:40.140><c> you</c><00:04:40.440><c> would</c><00:04:40.740><c> specify</c>

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should be charged you would specify
 

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should be charged you would specify
closing<00:04:42.390><c> date</c><00:04:43.820><c> category</c><00:04:44.820><c> and</c><00:04:45.120><c> then</c><00:04:45.510><c> you</c><00:04:45.780><c> could</c>

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closing date category and then you could
 

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closing date category and then you could
select<00:04:47.700><c> a</c><00:04:48.330><c> few</c><00:04:48.750><c> suggestions</c><00:04:49.290><c> for</c><00:04:49.770><c> example</c><00:04:51.230><c> 40</c>

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select a few suggestions for example 40
 

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select a few suggestions for example 40
years<00:04:52.410><c> and</c><00:04:54.080><c> 60</c><00:04:55.080><c> cents</c><00:04:55.650><c> and</c><00:04:55.920><c> so</c><00:04:56.850><c> on</c><00:04:57.030><c> so</c><00:04:57.660><c> I</c><00:04:59.480><c> skip</c>

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years and 60 cents and so on so I skip
 

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years and 60 cents and so on so I skip
this<00:05:00.630><c> and</c><00:05:00.870><c> go</c><00:05:00.930><c> directly</c><00:05:01.500><c> to</c><00:05:03.470><c> to</c><00:05:04.470><c> the</c><00:05:04.680><c> market</c><00:05:05.010><c> we</c>

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this and go directly to to the market we
 

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this and go directly to to the market we
we<00:05:06.630><c> can</c><00:05:06.900><c> create</c><00:05:07.200><c> with</c><00:05:07.410><c> this</c><00:05:07.560><c> and</c><00:05:07.770><c> there</c><00:05:08.669><c> we</c>

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we can create with this and there we
 

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we can create with this and there we
have<00:05:09.680><c> we</c><00:05:10.680><c> have</c><00:05:10.800><c> four</c><00:05:11.010><c> suggestions</c><00:05:11.669><c> for</c><00:05:11.820><c> this</c>

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have we have four suggestions for this
 

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have we have four suggestions for this
n6780<00:05:12.720><c> cents</c><00:05:12.990><c> and</c><00:05:13.320><c> one</c><00:05:13.980><c> ether</c><00:05:14.430><c> and</c><00:05:15.110><c> now</c><00:05:16.110><c> in</c>

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n6780 cents and one ether and now in
 

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n6780 cents and one ether and now in
principle<00:05:16.710><c> we</c><00:05:16.890><c> can</c><00:05:17.130><c> we</c><00:05:17.610><c> can</c><00:05:17.760><c> try</c><00:05:18.000><c> it</c><00:05:18.060><c> here</c><00:05:19.880><c> we</c>

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principle we can we can try it here we
 

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principle we can we can try it here we
can<00:05:20.910><c> select</c><00:05:22.460><c> select</c><00:05:23.460><c> the</c><00:05:24.240><c> share</c><00:05:24.480><c> we</c><00:05:25.380><c> want</c><00:05:25.560><c> to</c>

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can select select the share we want to
 

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can select select the share we want to
buy<00:05:25.830><c> specify</c><00:05:26.820><c> a</c><00:05:26.850><c> price</c>

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buy specify a price
 

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buy specify a price
and<00:05:29.030><c> usual</c><00:05:29.720><c> stuff</c><00:05:31.270><c> all</c><00:05:32.270><c> very</c><00:05:32.930><c> similar</c><00:05:33.170><c> to</c><00:05:33.470><c> to</c>

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and usual stuff all very similar to to
 

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and usual stuff all very similar to to
auger<00:05:34.160><c> in</c><00:05:34.250><c> this</c><00:05:34.370><c> case</c><00:05:35.410><c> but</c><00:05:36.410><c> we</c><00:05:36.560><c> can</c><00:05:36.710><c> also</c><00:05:36.860><c> use</c>

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auger in this case but we can also use
 

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auger in this case but we can also use
this<00:05:37.850><c> button</c><00:05:38.120><c> or</c><00:05:38.540><c> use</c><00:05:38.930><c> this</c><00:05:39.530><c> by</c><00:05:40.220><c> all</c><00:05:40.340><c> outcomes</c>

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this button or use this by all outcomes
 

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this button or use this by all outcomes
that<00:05:41.420><c> would</c><00:05:41.720><c> mean</c><00:05:41.960><c> we</c><00:05:42.710><c> can</c><00:05:43.010><c> spend</c><00:05:43.750><c> amount</c><00:05:44.750><c> of</c>

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that would mean we can spend amount of
 

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that would mean we can spend amount of
ether<00:05:46.720><c> let's</c><00:05:47.720><c> say</c><00:05:47.840><c> hundred</c><00:05:48.200><c> and</c><00:05:48.680><c> and</c><00:05:49.220><c> we</c><00:05:49.550><c> would</c>

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ether let's say hundred and and we would
 

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ether let's say hundred and and we would
get<00:05:49.940><c> shares</c><00:05:50.720><c> of</c><00:05:51.200><c> each</c><00:05:51.530><c> outcome</c><00:05:54.280><c> now</c><00:05:55.280><c> the</c>

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get shares of each outcome now the
 

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get shares of each outcome now the
second<00:05:56.060><c> step</c><00:05:56.270><c> is</c><00:05:56.540><c> to</c><00:05:57.500><c> create</c><00:05:58.240><c> another</c><00:05:59.240><c> market</c>

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second step is to create another market
 

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second step is to create another market
and<00:06:00.700><c> that</c><00:06:01.700><c> would</c><00:06:01.940><c> be</c><00:06:02.150><c> what</c><00:06:02.840><c> is</c><00:06:02.990><c> the</c><00:06:03.020><c> total</c>

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and that would be what is the total
 

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and that would be what is the total
revenue<00:06:05.570><c> in</c><00:06:06.140><c> in</c><00:06:07.040><c> US</c><00:06:07.340><c> dollar</c><00:06:07.580><c> on</c><00:06:07.880><c> the</c><00:06:08.570><c> music</c>

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revenue in in US dollar on the music
 

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revenue in in US dollar on the music
platform<00:06:09.380><c> in</c><00:06:11.230><c> 2015</c><00:06:13.090><c> and</c><00:06:14.090><c> now</c><00:06:14.950><c> we</c><00:06:16.090><c> can</c><00:06:17.090><c> create</c>

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platform in 2015 and now we can create
 

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platform in 2015 and now we can create
more<00:06:18.080><c> markets</c><00:06:18.590><c> and</c><00:06:19.400><c> we</c><00:06:20.210><c> select</c><00:06:20.690><c> our</c><00:06:22.390><c> we</c>

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more markets and we select our we
 

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more markets and we select our we
selectors<00:06:26.410><c> we</c><00:06:27.410><c> select</c><00:06:28.030><c> the</c><00:06:29.030><c> total</c><00:06:30.100><c> revenue</c><00:06:31.100><c> in</c>

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selectors we select the total revenue in
 

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selectors we select the total revenue in
2015<00:06:32.180><c> and</c><00:06:32.690><c> now</c><00:06:32.810><c> the</c><00:06:32.870><c> interesting</c><00:06:33.230><c> part</c><00:06:33.620><c> is</c>

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2015 and now the interesting part is
 

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2015 and now the interesting part is
that<00:06:33.950><c> we</c><00:06:34.520><c> can</c><00:06:35.110><c> select</c><00:06:36.110><c> the</c><00:06:36.380><c> currency</c><00:06:36.770><c> in</c>

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that we can select the currency in
 

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that we can select the currency in
principle<00:06:37.970><c> the</c><00:06:38.120><c> currency</c><00:06:38.690><c> would</c><00:06:38.960><c> be</c><00:06:39.230><c> easier</c>

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principle the currency would be easier
 

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principle the currency would be easier
or<00:06:40.160><c> we</c><00:06:40.820><c> are</c><00:06:40.970><c> agnostic</c><00:06:41.240><c> towards</c><00:06:41.750><c> currencies</c>

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or we are agnostic towards currencies
 

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or we are agnostic towards currencies
could<00:06:42.470><c> be</c><00:06:42.590><c> any</c><00:06:43.000><c> any</c><00:06:44.000><c> -</c><00:06:44.210><c> anything</c><00:06:44.750><c> that</c>

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could be any any - anything that
 

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could be any any - anything that
implements<00:06:45.470><c> the</c><00:06:45.680><c> token</c><00:06:46.360><c> interface</c><00:06:47.360><c> but</c><00:06:47.690><c> if</c>

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implements the token interface but if
 

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implements the token interface but if
someone<00:06:48.260><c> comes</c><00:06:48.440><c> up</c><00:06:48.560><c> with</c><00:06:48.620><c> a</c><00:06:48.770><c> dollar</c><00:06:49.310><c> token</c>

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someone comes up with a dollar token
 

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someone comes up with a dollar token
someone<00:06:50.510><c> comes</c><00:06:50.690><c> up</c><00:06:50.780><c> with</c><00:06:50.840><c> a</c><00:06:51.020><c> bit</c><00:06:51.200><c> current</c>

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someone comes up with a bit current
 

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someone comes up with a bit current
token<00:06:51.700><c> dye</c><00:06:52.700><c> or</c><00:06:53.000><c> whatever</c><00:06:53.770><c> that</c><00:06:54.770><c> can</c><00:06:54.919><c> be</c>

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token dye or whatever that can be
 

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token dye or whatever that can be
choosen<00:06:55.340><c> but</c><00:06:55.850><c> we</c><00:06:56.090><c> can</c><00:06:56.270><c> also</c><00:06:56.419><c> choose</c><00:06:56.860><c> token</c>

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choosen but we can also choose token
 

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choosen but we can also choose token
directly<00:06:58.460><c> from</c><00:06:58.760><c> our</c><00:06:59.090><c> platform</c><00:06:59.750><c> and</c><00:06:59.990><c> what</c><00:07:00.410><c> does</c>

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directly from our platform and what does
 

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directly from our platform and what does
it<00:07:00.650><c> mean</c><00:07:00.800><c> so</c><00:07:01.090><c> we</c><00:07:02.090><c> choose</c><00:07:02.870><c> now</c><00:07:04.480><c> we</c><00:07:05.480><c> choose</c><00:07:05.780><c> now</c>

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it mean so we choose now we choose now
 

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it mean so we choose now we choose now
what<00:07:07.610><c> price</c><00:07:07.940><c> will</c><00:07:08.330><c> be</c><00:07:08.360><c> charged</c><00:07:08.960><c> on</c><00:07:10.540><c> huija</c>

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what price will be charged on huija
 

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what price will be charged on huija
first<00:07:11.840><c> song</c><00:07:12.140><c> and</c><00:07:12.740><c> we</c><00:07:14.200><c> select</c><00:07:15.200><c> one</c><00:07:16.660><c> specific</c>

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first song and we select one specific
 

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first song and we select one specific
outcome<00:07:18.080><c> so</c><00:07:18.970><c> basically</c><00:07:19.970><c> what</c><00:07:20.930><c> we</c><00:07:21.080><c> create</c><00:07:21.770><c> now</c>

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outcome so basically what we create now
 

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outcome so basically what we create now
is<00:07:22.460><c> market</c><00:07:23.360><c> that</c><00:07:24.169><c> is</c><00:07:24.350><c> traded</c><00:07:25.100><c> in</c><00:07:25.370><c> shares</c><00:07:26.150><c> of</c><00:07:28.600><c> 80</c>

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is market that is traded in shares of 80
 

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is market that is traded in shares of 80
cent<00:07:30.050><c> will</c><00:07:30.830><c> be</c><00:07:30.950><c> the</c><00:07:31.070><c> price</c><00:07:31.310><c> of</c><00:07:31.669><c> the</c><00:07:32.360><c> song</c>

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cent will be the price of the song
 

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cent will be the price of the song
and<00:07:33.520><c> that</c><00:07:34.270><c> means</c><00:07:34.510><c> that</c><00:07:34.840><c> this</c><00:07:35.199><c> market</c><00:07:35.680><c> will</c>

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and that means that this market will
 

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and that means that this market will
only<00:07:36.280><c> be</c><00:07:36.550><c> relevant</c><00:07:36.760><c> if</c><00:07:37.449><c> the</c><00:07:37.750><c> decision</c><00:07:38.710><c> is</c><00:07:38.740><c> made</c>

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only be relevant if the decision is made
 

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only be relevant if the decision is made
because<00:07:39.370><c> only</c><00:07:39.639><c> then</c><00:07:39.940><c> those</c><00:07:40.210><c> shares</c><00:07:40.510><c> will</c><00:07:40.810><c> have</c>

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because only then those shares will have
 

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because only then those shares will have
the<00:07:41.050><c> value</c><00:07:41.169><c> of</c><00:07:41.440><c> one</c><00:07:42.100><c> ether</c><00:07:42.430><c> and</c><00:07:43.060><c> otherwise</c>

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the value of one ether and otherwise
 

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the value of one ether and otherwise
they<00:07:44.260><c> will</c><00:07:44.410><c> have</c><00:07:44.560><c> a</c><00:07:44.590><c> value</c><00:07:45.070><c> of</c><00:07:45.280><c> zero</c><00:07:45.580><c> so</c>

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they will have a value of zero so
 

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they will have a value of zero so
basically<00:07:46.180><c> in</c><00:07:46.630><c> the</c><00:07:47.410><c> other</c><00:07:47.530><c> case</c><00:07:47.800><c> if</c><00:07:47.979><c> this</c><00:07:49.560><c> if</c>

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basically in the other case if this if
 

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basically in the other case if this if
this<00:07:50.770><c> price</c><00:07:51.100><c> is</c><00:07:51.250><c> not</c><00:07:51.430><c> chosen</c><00:07:51.639><c> then</c><00:07:52.419><c> all</c><00:07:52.660><c> trades</c>

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this price is not chosen then all trades
 

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this price is not chosen then all trades
are<00:07:53.430><c> irrelevant</c><00:07:54.540><c> so</c><00:07:55.540><c> what</c><00:07:56.020><c> you</c><00:07:56.110><c> achieve</c><00:07:56.949><c> is</c>

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are irrelevant so what you achieve is
 

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are irrelevant so what you achieve is
you<00:07:58.240><c> say</c><00:07:59.820><c> what</c><00:08:00.820><c> will</c><00:08:00.970><c> be</c><00:08:01.150><c> the</c><00:08:01.300><c> total</c><00:08:01.449><c> revenue</c>

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you say what will be the total revenue
 

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you say what will be the total revenue
under<00:08:02.169><c> the</c><00:08:02.500><c> condition</c><00:08:02.979><c> that</c><00:08:03.220><c> we</c><00:08:03.990><c> make</c><00:08:04.990><c> this</c>

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under the condition that we make this
 

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under the condition that we make this
decision<00:08:05.680><c> that</c><00:08:05.889><c> we</c><00:08:07.110><c> charge</c><00:08:08.110><c> 80</c><00:08:08.500><c> cents</c><00:08:08.979><c> for</c>

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decision that we charge 80 cents for
 

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decision that we charge 80 cents for
song<00:08:15.270><c> so</c><00:08:16.560><c> how</c><00:08:17.560><c> would</c><00:08:17.860><c> it</c><00:08:17.889><c> look</c><00:08:18.100><c> like</c><00:08:18.750><c> we</c><00:08:19.750><c> create</c>

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song so how would it look like we create
 

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song so how would it look like we create
such<00:08:21.040><c> a</c><00:08:21.070><c> market</c><00:08:21.520><c> and</c><00:08:21.820><c> he</c><00:08:22.360><c> says</c><00:08:22.780><c> okay</c><00:08:23.080><c> it's</c>

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such a market and he says okay it's
 

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such a market and he says okay it's
trade<00:08:23.470><c> in</c><00:08:23.680><c> 80</c><00:08:23.860><c> cent</c><00:08:24.160><c> shares</c><00:08:24.880><c> and</c><00:08:27.750><c> here's</c><00:08:28.750><c> the</c>

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trade in 80 cent shares and here's the
 

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trade in 80 cent shares and here's the
the<00:08:29.020><c> forecast</c><00:08:30.210><c> on</c><00:08:31.210><c> on</c><00:08:32.200><c> the</c><00:08:32.650><c> on</c><00:08:33.250><c> the</c><00:08:33.370><c> outcome</c><00:08:33.700><c> so</c>

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the forecast on on the on the outcome so
 

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the forecast on on the on the outcome so
in<00:08:34.210><c> this</c><00:08:34.360><c> case</c><00:08:34.570><c> the</c><00:08:34.810><c> forecasted</c><00:08:35.800><c> revenue</c>

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in this case the forecasted revenue
 

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in this case the forecasted revenue
would<00:08:36.940><c> be</c><00:08:37.650><c> 5000</c><00:08:38.650><c> dollars</c><00:08:39.270><c> and</c><00:08:40.270><c> people</c><00:08:40.599><c> can</c><00:08:40.779><c> now</c>

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would be 5000 dollars and people can now
 

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would be 5000 dollars and people can now
trade<00:08:41.500><c> and</c><00:08:41.800><c> they</c><00:08:42.159><c> can</c><00:08:42.339><c> basically</c><00:08:44.820><c> go</c><00:08:45.820><c> long</c><00:08:46.029><c> or</c>

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trade and they can basically go long or
 

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trade and they can basically go long or
short<00:08:46.420><c> and</c><00:08:46.690><c> therefore</c><00:08:47.430><c> increase</c><00:08:48.430><c> or</c><00:08:48.670><c> decrease</c>

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short and therefore increase or decrease
 

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short and therefore increase or decrease
the<00:08:49.390><c> forecast</c><00:08:50.320><c> and</c><00:08:51.750><c> in</c><00:08:52.750><c> the</c><00:08:53.170><c> end</c><00:08:53.610><c> we</c><00:08:54.610><c> will</c><00:08:54.790><c> have</c>

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the<00:09:04.440><c> different</c><00:09:04.860><c> screen</c><00:09:05.190><c> resolution</c><00:09:05.700><c> in</c><00:09:05.790><c> mind</c>

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the different screen resolution in mind
 

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the different screen resolution in mind
but<00:09:06.150><c> anyways</c><00:09:11.510><c> okay</c><00:09:12.510><c> so</c><00:09:12.960><c> in</c><00:09:13.140><c> the</c><00:09:13.260><c> end</c><00:09:13.380><c> we</c><00:09:13.530><c> have</c>

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but anyways okay so in the end we have
 

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but anyways okay so in the end we have
four<00:09:14.250><c> for</c><00:09:14.760><c> those</c><00:09:14.910><c> different</c><00:09:15.450><c> markets</c><00:09:16.410><c> for</c><00:09:17.220><c> one</c>

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four for those different markets for one
 

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four for those different markets for one
that's<00:09:19.170><c> traded</c><00:09:19.620><c> in</c><00:09:19.740><c> $0.40</c><00:09:20.220><c> shares</c><00:09:20.490><c> and</c><00:09:21.300><c> for</c>

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that's traded in $0.40 shares and for
 

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that's traded in $0.40 shares and for
the<00:09:21.570><c> one</c><00:09:21.690><c> that's</c><00:09:21.930><c> traded</c><00:09:22.410><c> in</c><00:09:22.530><c> 60</c><00:09:22.890><c> 10</c><00:09:23.340><c> shares</c><00:09:23.640><c> we</c>

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the one that's traded in 60 10 shares we
 

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the one that's traded in 60 10 shares we
have<00:09:24.360><c> different</c><00:09:24.810><c> predicted</c><00:09:25.710><c> outcomes</c><00:09:26.160><c> and</c>

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have different predicted outcomes and
 

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have different predicted outcomes and
then<00:09:28.790><c> after</c><00:09:29.790><c> specific</c><00:09:30.780><c> trade</c><00:09:30.960><c> trading</c><00:09:31.500><c> period</c>

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then after specific trade trading period
 

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then after specific trade trading period
we<00:09:33.000><c> can</c><00:09:33.180><c> automatically</c><00:09:33.840><c> select</c><00:09:34.770><c> the</c><00:09:35.420><c> decision</c>

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we can automatically select the decision
 

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we can automatically select the decision
that<00:09:36.990><c> has</c><00:09:37.200><c> the</c><00:09:37.500><c> highest</c><00:09:38.630><c> predicted</c><00:09:39.630><c> outcome</c>

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that has the highest predicted outcome
 

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that has the highest predicted outcome
we<00:09:40.710><c> saw</c><00:09:40.860><c> yesterday</c><00:09:43.640><c> demonstration</c><00:09:44.640><c> of</c><00:09:44.790><c> bought</c>

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we saw yesterday demonstration of bought
 

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we saw yesterday demonstration of bought
room<00:09:45.450><c> where</c><00:09:45.900><c> there</c><00:09:46.470><c> there</c><00:09:47.130><c> are</c><00:09:47.280><c> different</c>

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room where there there are different
 

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room where there there are different
suggestions<00:09:48.690><c> and</c><00:09:48.930><c> you</c><00:09:49.410><c> could</c><00:09:49.560><c> all</c><00:09:49.680><c> you</c><00:09:50.070><c> could</c>

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suggestions and you could all you could
 

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suggestions and you could all you could
automatically<00:09:52.500><c> connected</c><00:09:53.160><c> to</c><00:09:53.220><c> the</c>

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automatically connected to the
 

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automatically connected to the
prediction<00:09:53.760><c> market</c><00:09:54.090><c> and</c><00:09:54.440><c> automatically</c>

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prediction market and automatically
 

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prediction market and automatically
create<00:09:55.560><c> for</c><00:09:56.100><c> every</c><00:09:57.740><c> potential</c><00:09:58.740><c> decision</c><00:09:59.130><c> the</c>

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create for every potential decision the
 

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create for every potential decision the
market<00:10:00.180><c> and</c><00:10:00.560><c> forecast</c><00:10:01.560><c> the</c><00:10:02.280><c> price</c><00:10:02.580><c> of</c><00:10:03.030><c> the</c>

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market and forecast the price of the
 

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market and forecast the price of the
token<00:10:03.600><c> of</c><00:10:03.780><c> this</c><00:10:04.640><c> project</c><00:10:05.640><c> under</c><00:10:06.570><c> the</c>

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token of this project under the
 

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token of this project under the
condition<00:10:07.110><c> that</c><00:10:07.140><c> this</c><00:10:08.750><c> decisions</c><00:10:09.750><c> make</c><00:10:09.960><c> made</c>

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condition that this decisions make made
 

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condition that this decisions make made
and<00:10:11.520><c> I</c><00:10:11.640><c> think</c><00:10:11.880><c> that's</c><00:10:12.060><c> a</c><00:10:12.270><c> very</c><00:10:12.990><c> powerful</c><00:10:13.410><c> tool</c>

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and I think that's a very powerful tool
 

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and I think that's a very powerful tool
and<00:10:14.100><c> I'm</c><00:10:14.400><c> very</c><00:10:14.790><c> excited</c><00:10:15.270><c> to</c><00:10:15.540><c> see</c><00:10:17.450><c> how</c><00:10:18.450><c> how</c><00:10:19.260><c> this</c>

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and I'm very excited to see how how this
 

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and I'm very excited to see how how this
will<00:10:19.620><c> will</c><00:10:19.980><c> turn</c><00:10:20.220><c> out</c><00:10:21.050><c> okay</c>

00:10:28.360 --> 00:10:28.370 align:start position:0%
 
 

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what<00:10:29.000><c> what</c><00:10:29.270><c> is</c><00:10:29.390><c> our</c><00:10:29.540><c> goal</c><00:10:29.810><c> of</c><00:10:30.710><c> of</c><00:10:31.490><c> Knossos</c><00:10:31.990><c> our</c>

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what what is our goal of of Knossos our
 

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what what is our goal of of Knossos our
goal<00:10:33.260><c> is</c><00:10:33.470><c> to</c><00:10:33.950><c> be</c><00:10:34.850><c> British</c><00:10:35.390><c> market</c><00:10:35.810><c> as</c><00:10:36.110><c> a</c>

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goal is to be British market as a
 

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goal is to be British market as a
platform<00:10:36.920><c> that</c><00:10:37.460><c> means</c><00:10:37.700><c> we</c><00:10:38.330><c> are</c><00:10:38.480><c> agnostic</c>

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platform that means we are agnostic
 

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platform that means we are agnostic
toward<00:10:40.370><c> towards</c><00:10:41.089><c> Oracle's</c><00:10:42.070><c> we</c><00:10:43.070><c> already</c><00:10:43.520><c> have</c>

00:10:43.660 --> 00:10:43.670 align:start position:0%
toward towards Oracle's we already have
 

00:10:43.670 --> 00:10:46.810 align:start position:0%
toward towards Oracle's we already have
seen<00:10:43.940><c> during</c><00:10:44.720><c> this</c><00:10:44.960><c> conference</c><00:10:45.820><c> very</c>

00:10:46.810 --> 00:10:46.820 align:start position:0%
seen during this conference very
 

00:10:46.820 --> 00:10:50.290 align:start position:0%
seen during this conference very
interesting<00:10:48.070><c> ideas</c><00:10:49.070><c> for</c><00:10:49.100><c> Oracle's</c><00:10:50.089><c> for</c>

00:10:50.290 --> 00:10:50.300 align:start position:0%
interesting ideas for Oracle's for
 

00:10:50.300 --> 00:10:55.980 align:start position:0%
interesting ideas for Oracle's for
example<00:10:50.690><c> of</c><00:10:50.779><c> this</c><00:10:53.020><c> direct</c><00:10:54.020><c> interaction</c><00:10:54.589><c> with</c>

00:10:55.980 --> 00:10:55.990 align:start position:0%
example of this direct interaction with
 

00:10:55.990 --> 00:11:01.990 align:start position:0%
example of this direct interaction with
AP<00:10:56.990><c> eyes</c><00:10:57.140><c> Oracle</c><00:10:57.710><c> eyes</c><00:10:59.470><c> so</c><00:11:00.470><c> all</c><00:11:00.680><c> Oracle's</c><00:11:01.190><c> will</c>

00:11:01.990 --> 00:11:02.000 align:start position:0%
AP eyes Oracle eyes so all Oracle's will
 

00:11:02.000 --> 00:11:04.870 align:start position:0%
AP eyes Oracle eyes so all Oracle's will
be<00:11:02.150><c> supported</c><00:11:02.630><c> by</c><00:11:02.720><c> us</c><00:11:02.839><c> you</c><00:11:03.200><c> can</c><00:11:03.470><c> specify</c><00:11:03.880><c> just</c>

00:11:04.870 --> 00:11:04.880 align:start position:0%
be supported by us you can specify just
 

00:11:04.880 --> 00:11:07.329 align:start position:0%
be supported by us you can specify just
to<00:11:05.029><c> resolve</c><00:11:05.180><c> the</c><00:11:05.450><c> address</c><00:11:05.720><c> all</c><00:11:06.589><c> tokens</c><00:11:07.130><c> will</c>

00:11:07.329 --> 00:11:07.339 align:start position:0%
to resolve the address all tokens will
 

00:11:07.339 --> 00:11:11.260 align:start position:0%
to resolve the address all tokens will
be<00:11:08.529><c> supported</c><00:11:09.529><c> we</c><00:11:10.010><c> support</c><00:11:10.640><c> different</c><00:11:10.820><c> market</c>

00:11:11.260 --> 00:11:11.270 align:start position:0%
be supported we support different market
 

00:11:11.270 --> 00:11:12.750 align:start position:0%
be supported we support different market
makers<00:11:11.630><c> we</c><00:11:11.779><c> have</c><00:11:11.990><c> already</c><00:11:12.200><c> implemented</c>

00:11:12.750 --> 00:11:12.760 align:start position:0%
makers we have already implemented
 

00:11:12.760 --> 00:11:16.870 align:start position:0%
makers we have already implemented
automated<00:11:13.760><c> market</c><00:11:14.000><c> makers</c><00:11:14.330><c> and</c><00:11:15.430><c> the</c><00:11:16.430><c> idea</c><00:11:16.820><c> is</c>

00:11:16.870 --> 00:11:16.880 align:start position:0%
automated market makers and the idea is
 

00:11:16.880 --> 00:11:18.880 align:start position:0%
automated market makers and the idea is
that<00:11:16.910><c> it</c><00:11:17.210><c> will</c><00:11:17.330><c> be</c><00:11:17.450><c> easy</c><00:11:17.660><c> to</c><00:11:18.080><c> create</c><00:11:18.650><c> different</c>

00:11:18.880 --> 00:11:18.890 align:start position:0%
that it will be easy to create different
 

00:11:18.890 --> 00:11:23.320 align:start position:0%
that it will be easy to create different
skins<00:11:19.400><c> for</c><00:11:20.089><c> different</c><00:11:21.370><c> topics</c><00:11:22.370><c> again</c>

00:11:23.320 --> 00:11:23.330 align:start position:0%
skins for different topics again
 

00:11:23.330 --> 00:11:26.829 align:start position:0%
skins for different topics again
everyone<00:11:24.230><c> can</c><00:11:24.890><c> become</c><00:11:25.279><c> an</c><00:11:25.580><c> Oracle</c><00:11:26.000><c> we</c><00:11:26.330><c> will</c>

00:11:26.829 --> 00:11:26.839 align:start position:0%
everyone can become an Oracle we will
 

00:11:26.839 --> 00:11:29.410 align:start position:0%
everyone can become an Oracle we will
provide<00:11:27.200><c> an</c><00:11:27.410><c> Oracle</c><00:11:27.800><c> platform</c><00:11:28.390><c> we</c><00:11:29.390><c> are</c>

00:11:29.410 --> 00:11:29.420 align:start position:0%
provide an Oracle platform we are
 

00:11:29.420 --> 00:11:34.780 align:start position:0%
provide an Oracle platform we are
already<00:11:29.839><c> working</c><00:11:30.080><c> on</c><00:11:30.520><c> option</c><00:11:31.520><c> trading</c><00:11:33.370><c> for</c><00:11:34.370><c> ya</c>

00:11:34.780 --> 00:11:34.790 align:start position:0%
already working on option trading for ya
 

00:11:34.790 --> 00:11:40.720 align:start position:0%
already working on option trading for ya
faster<00:11:36.250><c> trading</c><00:11:37.300><c> we</c><00:11:38.830><c> integrate</c><00:11:39.830><c> our</c><00:11:40.160><c> platform</c>

00:11:40.720 --> 00:11:40.730 align:start position:0%
faster trading we integrate our platform
 

00:11:40.730 --> 00:11:42.820 align:start position:0%
faster trading we integrate our platform
with<00:11:41.000><c> crowdfunding</c><00:11:41.600><c> so</c><00:11:42.140><c> it</c>

00:11:42.820 --> 00:11:42.830 align:start position:0%
with crowdfunding so it
 

00:11:42.830 --> 00:11:45.280 align:start position:0%
with crowdfunding so it
people<00:11:43.190><c> can</c><00:11:43.430><c> crowdfunding</c><00:11:44.270><c> market</c><00:11:44.900><c> makers</c>

00:11:45.280 --> 00:11:45.290 align:start position:0%
people can crowdfunding market makers
 

00:11:45.290 --> 00:11:48.460 align:start position:0%
people can crowdfunding market makers
they<00:11:45.560><c> are</c><00:11:46.120><c> interested</c><00:11:47.120><c> in</c><00:11:47.390><c> a</c><00:11:47.779><c> forecast</c><00:11:48.230><c> they</c>

00:11:48.460 --> 00:11:48.470 align:start position:0%
they are interested in a forecast they
 

00:11:48.470 --> 00:11:52.060 align:start position:0%
they are interested in a forecast they
can<00:11:48.950><c> crowdfunded</c><00:11:49.730><c> and</c><00:11:50.050><c> again</c><00:11:51.070><c> different</c>

00:11:52.060 --> 00:11:52.070 align:start position:0%
can crowdfunded and again different
 

00:11:52.070 --> 00:11:54.820 align:start position:0%
can crowdfunded and again different
tokens<00:11:52.220><c> are</c><00:11:52.520><c> possible</c><00:11:52.880><c> very</c><00:11:53.570><c> short</c><00:11:53.839><c> look</c><00:11:54.020><c> at</c><00:11:54.230><c> a</c>

00:11:54.820 --> 00:11:54.830 align:start position:0%
tokens are possible very short look at a
 

00:11:54.830 --> 00:12:00.070 align:start position:0%
tokens are possible very short look at a
little<00:11:55.130><c> bit</c><00:11:55.220><c> of</c><00:11:55.310><c> code</c><00:11:57.250><c> create</c><00:11:58.250><c> event</c><00:11:59.080><c> what</c>

00:12:00.070 --> 00:12:00.080 align:start position:0%
little bit of code create event what
 

00:12:00.080 --> 00:12:02.110 align:start position:0%
little bit of code create event what
what<00:12:00.230><c> are</c><00:12:00.380><c> the</c><00:12:00.410><c> parameters</c><00:12:01.130><c> so</c><00:12:01.790><c> we</c><00:12:01.820><c> have</c><00:12:02.089><c> a</c>

00:12:02.110 --> 00:12:02.120 align:start position:0%
what are the parameters so we have a
 

00:12:02.120 --> 00:12:04.300 align:start position:0%
what are the parameters so we have a
hash<00:12:02.600><c> of</c><00:12:02.779><c> the</c><00:12:02.959><c> event</c><00:12:03.350><c> description</c><00:12:03.680><c> then</c><00:12:04.130><c> we</c>

00:12:04.300 --> 00:12:04.310 align:start position:0%
hash of the event description then we
 

00:12:04.310 --> 00:12:06.460 align:start position:0%
hash of the event description then we
have<00:12:04.430><c> event</c><00:12:04.850><c> type</c><00:12:05.089><c> we</c><00:12:05.690><c> distinguish</c><00:12:06.290><c> between</c>

00:12:06.460 --> 00:12:06.470 align:start position:0%
have event type we distinguish between
 

00:12:06.470 --> 00:12:13.750 align:start position:0%
have event type we distinguish between
two<00:12:06.830><c> types</c><00:12:10.180><c> types</c><00:12:11.180><c> where</c><00:12:11.690><c> we</c><00:12:11.959><c> have</c><00:12:12.760><c> different</c>

00:12:13.750 --> 00:12:13.760 align:start position:0%
two types types where we have different
 

00:12:13.760 --> 00:12:15.960 align:start position:0%
two types types where we have different
number<00:12:14.000><c> of</c><00:12:14.029><c> outcomes</c><00:12:14.240><c> that</c><00:12:14.720><c> would</c><00:12:14.930><c> be</c><00:12:15.110><c> the</c>

00:12:15.960 --> 00:12:15.970 align:start position:0%
number of outcomes that would be the
 

00:12:15.970 --> 00:12:18.250 align:start position:0%
number of outcomes that would be the
different<00:12:16.970><c> prices</c><00:12:17.330><c> there</c><00:12:17.660><c> we</c><00:12:17.810><c> had</c><00:12:17.930><c> four</c>

00:12:18.250 --> 00:12:18.260 align:start position:0%
different prices there we had four
 

00:12:18.260 --> 00:12:20.070 align:start position:0%
different prices there we had four
potential<00:12:18.740><c> outcomes</c><00:12:19.100><c> and</c><00:12:19.279><c> then</c><00:12:19.400><c> we</c><00:12:19.550><c> have</c>

00:12:20.070 --> 00:12:20.080 align:start position:0%
potential outcomes and then we have
 

00:12:20.080 --> 00:12:23.530 align:start position:0%
potential outcomes and then we have
numeric<00:12:21.580><c> outcomes</c><00:12:22.580><c> where</c><00:12:22.850><c> we</c><00:12:23.060><c> predict</c><00:12:23.390><c> on</c><00:12:23.510><c> a</c>

00:12:23.530 --> 00:12:23.540 align:start position:0%
numeric outcomes where we predict on a
 

00:12:23.540 --> 00:12:26.100 align:start position:0%
numeric outcomes where we predict on a
range<00:12:23.839><c> that</c><00:12:24.200><c> would</c><00:12:24.529><c> be</c><00:12:24.709><c> the</c><00:12:24.830><c> total</c><00:12:25.040><c> revenue</c>

00:12:26.100 --> 00:12:26.110 align:start position:0%
range that would be the total revenue
 

00:12:26.110 --> 00:12:28.150 align:start position:0%
range that would be the total revenue
then<00:12:27.110><c> we</c><00:12:27.230><c> have</c><00:12:27.350><c> you</c><00:12:27.440><c> resolve</c><00:12:27.800><c> the</c><00:12:27.920><c> address</c>

00:12:28.150 --> 00:12:28.160 align:start position:0%
then we have you resolve the address
 

00:12:28.160 --> 00:12:32.620 align:start position:0%
then we have you resolve the address
that's<00:12:28.430><c> basically</c><00:12:28.790><c> the</c><00:12:29.180><c> Oracle</c><00:12:30.170><c> and</c><00:12:31.630><c> some</c>

00:12:32.620 --> 00:12:32.630 align:start position:0%
that's basically the Oracle and some
 

00:12:32.630 --> 00:12:35.160 align:start position:0%
that's basically the Oracle and some
additional<00:12:32.959><c> data</c><00:12:33.110><c> Oracle</c><00:12:33.860><c> can</c><00:12:34.070><c> choose</c><00:12:34.730><c> fees</c>

00:12:35.160 --> 00:12:35.170 align:start position:0%
additional data Oracle can choose fees
 

00:12:35.170 --> 00:12:37.840 align:start position:0%
additional data Oracle can choose fees
that's<00:12:36.170><c> all</c><00:12:36.380><c> you</c><00:12:36.530><c> need</c><00:12:36.680><c> to</c><00:12:36.860><c> implement</c><00:12:37.550><c> those</c>

00:12:37.840 --> 00:12:37.850 align:start position:0%
that's all you need to implement those
 

00:12:37.850 --> 00:12:40.329 align:start position:0%
that's all you need to implement those
three<00:12:38.240><c> functions</c><00:12:38.420><c> if</c><00:12:38.870><c> you</c><00:12:38.959><c> want</c><00:12:39.170><c> to</c><00:12:39.440><c> be</c><00:12:40.190><c> an</c>

00:12:40.329 --> 00:12:40.339 align:start position:0%
three functions if you want to be an
 

00:12:40.339 --> 00:12:41.120 align:start position:0%
three functions if you want to be an
Oracle<00:12:40.700><c> or</c>

00:12:41.120 --> 00:12:41.130 align:start position:0%
Oracle or
 

00:12:41.130 --> 00:12:44.050 align:start position:0%
Oracle or
you<00:12:41.220><c> want</c><00:12:41.430><c> to</c><00:12:41.580><c> create</c><00:12:42.180><c> an</c><00:12:42.330><c> Oracle</c><00:12:42.690><c> contract</c>

00:12:44.050 --> 00:12:44.060 align:start position:0%
you want to create an Oracle contract
 

00:12:44.060 --> 00:12:49.580 align:start position:0%
you want to create an Oracle contract
and<00:12:45.950><c> finally</c><00:12:47.210><c> we</c><00:12:48.210><c> would</c><00:12:48.420><c> like</c><00:12:48.480><c> to</c><00:12:48.780><c> be</c><00:12:48.900><c> British</c>

00:12:49.580 --> 00:12:49.590 align:start position:0%
and finally we would like to be British
 

00:12:49.590 --> 00:12:52.520 align:start position:0%
and finally we would like to be British
market<00:12:49.890><c> as</c><00:12:50.010><c> a</c><00:12:50.040><c> service</c><00:12:50.430><c> that</c><00:12:50.880><c> would</c><00:12:51.060><c> mean</c><00:12:51.530><c> we</c>

00:12:52.520 --> 00:12:52.530 align:start position:0%
market as a service that would mean we
 

00:12:52.530 --> 00:12:54.410 align:start position:0%
market as a service that would mean we
aim<00:12:52.680><c> for</c><00:12:52.710><c> one-click</c><00:12:53.430><c> deployment</c><00:12:53.970><c> if</c><00:12:54.120><c> you</c><00:12:54.270><c> have</c>

00:12:54.410 --> 00:12:54.420 align:start position:0%
aim for one-click deployment if you have
 

00:12:54.420 --> 00:12:57.920 align:start position:0%
aim for one-click deployment if you have
some<00:12:55.230><c> topic</c><00:12:55.770><c> you're</c><00:12:56.280><c> interested</c><00:12:56.850><c> it</c><00:12:57.600><c> should</c>

00:12:57.920 --> 00:12:57.930 align:start position:0%
some topic you're interested it should
 

00:12:57.930 --> 00:13:01.610 align:start position:0%
some topic you're interested it should
be<00:12:58.170><c> as</c><00:12:58.940><c> easy</c><00:12:59.940><c> as</c><00:13:00.390><c> setting</c><00:13:01.200><c> up</c><00:13:01.320><c> a</c><00:13:01.410><c> wordpress</c>

00:13:01.610 --> 00:13:01.620 align:start position:0%
be as easy as setting up a wordpress
 

00:13:01.620 --> 00:13:06.200 align:start position:0%
be as easy as setting up a wordpress
block<00:13:02.070><c> to</c><00:13:02.610><c> set</c><00:13:02.790><c> up</c><00:13:02.910><c> a</c><00:13:03.030><c> prediction</c><00:13:03.480><c> market</c><00:13:05.210><c> on</c>

00:13:06.200 --> 00:13:06.210 align:start position:0%
block to set up a prediction market on
 

00:13:06.210 --> 00:13:09.200 align:start position:0%
block to set up a prediction market on
this<00:13:06.480><c> topic</c><00:13:07.440><c> should</c><00:13:08.400><c> then</c><00:13:08.610><c> be</c><00:13:08.790><c> easy</c><00:13:08.970><c> to</c>

00:13:09.200 --> 00:13:09.210 align:start position:0%
this topic should then be easy to
 

00:13:09.210 --> 00:13:13.490 align:start position:0%
this topic should then be easy to
customize<00:13:09.690><c> it</c><00:13:12.260><c> integration</c><00:13:13.260><c> of</c><00:13:13.350><c> other</c>

00:13:13.490 --> 00:13:13.500 align:start position:0%
customize it integration of other
 

00:13:13.500 --> 00:13:18.560 align:start position:0%
customize it integration of other
services<00:13:14.130><c> and</c><00:13:14.930><c> build</c><00:13:15.930><c> up</c><00:13:16.110><c> your</c><00:13:17.180><c> community</c><00:13:18.180><c> or</c>

00:13:18.560 --> 00:13:18.570 align:start position:0%
services and build up your community or
 

00:13:18.570 --> 00:13:31.640 align:start position:0%
services and build up your community or
use<00:13:18.870><c> it</c><00:13:19.640><c> within</c><00:13:20.640><c> your</c><00:13:21.570><c> own</c><00:13:22.040><c> company</c><00:13:23.040><c> thank</c><00:13:24.030><c> you</c>

00:13:31.640 --> 00:13:31.650 align:start position:0%
 
 

00:13:31.650 --> 00:13:34.190 align:start position:0%
 
with<00:13:32.650><c> two</c><00:13:33.040><c> men</c><00:13:33.190><c> two</c><00:13:33.550><c> minutes</c><00:13:33.790><c> left</c><00:13:33.940><c> I</c><00:13:34.090><c> think</c>

00:13:34.190 --> 00:13:34.200 align:start position:0%
with two men two minutes left I think
 

00:13:34.200 --> 00:13:37.080 align:start position:0%
with two men two minutes left I think
like<00:13:35.200><c> we</c><00:13:35.650><c> could</c><00:13:35.800><c> allow</c><00:13:36.040><c> I</c><00:13:36.340><c> could</c><00:13:36.640><c> allow</c><00:13:36.850><c> one</c>

00:13:37.080 --> 00:13:37.090 align:start position:0%
like we could allow I could allow one
 

00:13:37.090 --> 00:13:47.090 align:start position:0%
like we could allow I could allow one
one<00:13:37.450><c> two</c><00:13:37.660><c> questions</c><00:13:39.600><c> so</c><00:13:45.390><c> is</c><00:13:46.390><c> there</c><00:13:46.660><c> a</c><00:13:46.690><c> way</c><00:13:46.810><c> to</c>

00:13:47.090 --> 00:13:47.100 align:start position:0%
one two questions so is there a way to
 

00:13:47.100 --> 00:13:49.530 align:start position:0%
one two questions so is there a way to
you<00:13:48.100><c> know</c><00:13:48.220><c> how</c><00:13:48.340><c> we</c><00:13:48.400><c> had</c><00:13:48.520><c> to</c><00:13:48.670><c> create</c><00:13:49.330><c> different</c>

00:13:49.530 --> 00:13:49.540 align:start position:0%
you know how we had to create different
 

00:13:49.540 --> 00:13:51.900 align:start position:0%
you know how we had to create different
markers<00:13:49.930><c> for</c><00:13:50.110><c> the</c><00:13:50.230><c> 40</c><00:13:50.470><c> cent</c><00:13:50.710><c> 60</c><00:13:51.280><c> cent</c><00:13:51.550><c> 80</c><00:13:51.640><c> cent</c>

00:13:51.900 --> 00:13:51.910 align:start position:0%
markers for the 40 cent 60 cent 80 cent
 

00:13:51.910 --> 00:13:54.750 align:start position:0%
markers for the 40 cent 60 cent 80 cent
price<00:13:52.470><c> and</c><00:13:53.470><c> you</c><00:13:54.280><c> know</c><00:13:54.370><c> you</c><00:13:54.430><c> have</c><00:13:54.610><c> to</c>

00:13:54.750 --> 00:13:54.760 align:start position:0%
price and you know you have to
 

00:13:54.760 --> 00:13:57.390 align:start position:0%
price and you know you have to
individually<00:13:55.300><c> come</c><00:13:55.480><c> up</c><00:13:55.600><c> with</c><00:13:55.780><c> those</c><00:13:56.400><c> right</c>

00:13:57.390 --> 00:13:57.400 align:start position:0%
individually come up with those right
 

00:13:57.400 --> 00:14:01.620 align:start position:0%
individually come up with those right
it's<00:13:57.850><c> there</c><00:13:58.030><c> a</c><00:13:58.060><c> way</c><00:13:58.240><c> to</c><00:13:58.540><c> like</c><00:13:59.400><c> make</c><00:14:00.400><c> it</c><00:14:00.630><c> less</c>

00:14:01.620 --> 00:14:01.630 align:start position:0%
it's there a way to like make it less
 

00:14:01.630 --> 00:14:07.200 align:start position:0%
it's there a way to like make it less
discreet<00:14:02.580><c> just</c><00:14:03.580><c> one</c><00:14:03.790><c> name</c><00:14:05.310><c> by</c><00:14:06.310><c> one</c><00:14:06.820><c> if</c><00:14:06.970><c> two</c>

00:14:07.200 --> 00:14:07.210 align:start position:0%
discreet just one name by one if two
 

00:14:07.210 --> 00:14:10.170 align:start position:0%
discreet just one name by one if two
dollars<00:14:07.570><c> might</c><00:14:07.870><c> be</c><00:14:08.110><c> the</c><00:14:08.730><c> optimum</c><00:14:09.730><c> price</c><00:14:09.880><c> but</c>

00:14:10.170 --> 00:14:10.180 align:start position:0%
dollars might be the optimum price but
 

00:14:10.180 --> 00:14:12.060 align:start position:0%
dollars might be the optimum price but
we<00:14:10.870><c> didn't</c><00:14:11.110><c> think</c><00:14:11.230><c> of</c><00:14:11.290><c> that</c><00:14:11.350><c> and</c><00:14:11.740><c> we</c><00:14:11.860><c> didn't</c>

00:14:12.060 --> 00:14:12.070 align:start position:0%
we didn't think of that and we didn't
 

00:14:12.070 --> 00:14:16.110 align:start position:0%
we didn't think of that and we didn't
create<00:14:12.280><c> the</c><00:14:12.400><c> market</c><00:14:12.730><c> for</c><00:14:12.910><c> that</c><00:14:13.000><c> right</c><00:14:13.630><c> so</c><00:14:15.120><c> the</c>

00:14:16.110 --> 00:14:16.120 align:start position:0%
create the market for that right so the
 

00:14:16.120 --> 00:14:20.730 align:start position:0%
create the market for that right so the
the<00:14:16.450><c> easiest</c><00:14:16.780><c> version</c><00:14:17.080><c> would</c><00:14:17.770><c> be</c><00:14:17.910><c> that</c><00:14:19.740><c> anyone</c>

00:14:20.730 --> 00:14:20.740 align:start position:0%
the easiest version would be that anyone
 

00:14:20.740 --> 00:14:23.310 align:start position:0%
the easiest version would be that anyone
could<00:14:20.950><c> just</c><00:14:21.220><c> make</c><00:14:21.550><c> another</c><00:14:21.850><c> suggestion</c><00:14:22.690><c> that</c>

00:14:23.310 --> 00:14:23.320 align:start position:0%
could just make another suggestion that
 

00:14:23.320 --> 00:14:27.690 align:start position:0%
could just make another suggestion that
you<00:14:23.440><c> always</c><00:14:23.620><c> have</c><00:14:25.140><c> other</c><00:14:26.140><c> price</c><00:14:26.620><c> and</c><00:14:26.980><c> then</c><00:14:27.520><c> you</c>

00:14:27.690 --> 00:14:27.700 align:start position:0%
you always have other price and then you
 

00:14:27.700 --> 00:14:30.750 align:start position:0%
you always have other price and then you
can<00:14:27.910><c> split</c><00:14:28.570><c> this</c><00:14:28.810><c> other</c><00:14:29.140><c> price</c><00:14:29.440><c> up</c><00:14:29.710><c> into</c><00:14:30.520><c> a</c><00:14:30.550><c> new</c>

00:14:30.750 --> 00:14:30.760 align:start position:0%
can split this other price up into a new
 

00:14:30.760 --> 00:14:33.960 align:start position:0%
can split this other price up into a new
suggestion<00:14:31.180><c> and</c><00:14:31.570><c> again</c><00:14:31.900><c> other</c><00:14:32.530><c> one</c><00:14:32.920><c> or</c><00:14:33.190><c> you</c>

00:14:33.960 --> 00:14:33.970 align:start position:0%
suggestion and again other one or you
 

00:14:33.970 --> 00:14:36.330 align:start position:0%
suggestion and again other one or you
could<00:14:34.240><c> but</c><00:14:35.080><c> that</c><00:14:35.230><c> gets</c><00:14:35.380><c> more</c><00:14:35.650><c> complicated</c>

00:14:36.330 --> 00:14:36.340 align:start position:0%
could but that gets more complicated
 

00:14:36.340 --> 00:14:41.970 align:start position:0%
could but that gets more complicated
you<00:14:36.490><c> could</c><00:14:37.500><c> also</c><00:14:38.500><c> they</c><00:14:39.010><c> have</c><00:14:39.250><c> a</c><00:14:39.280><c> range</c><00:14:40.380><c> or</c><00:14:41.380><c> yeah</c>

00:14:41.970 --> 00:14:41.980 align:start position:0%
you could also they have a range or yeah
 

00:14:41.980 --> 00:14:45.750 align:start position:0%
you could also they have a range or yeah
use<00:14:42.280><c> uses</c><00:14:42.610><c> range</c><00:14:43.060><c> predictions</c><00:14:43.720><c> and</c><00:14:44.760><c> forecasts</c>

00:14:45.750 --> 00:14:45.760 align:start position:0%
use uses range predictions and forecasts
 

00:14:45.760 --> 00:14:48.720 align:start position:0%
use uses range predictions and forecasts
that<00:14:45.910><c> on</c><00:14:46.090><c> another</c><00:14:46.420><c> range</c><00:14:46.720><c> prediction</c><00:14:47.350><c> I</c><00:14:47.730><c> guess</c>

00:14:48.720 --> 00:14:48.730 align:start position:0%
that on another range prediction I guess
 

00:14:48.730 --> 00:15:21.840 align:start position:0%
that on another range prediction I guess
from<00:14:48.910><c> from</c><00:14:50.850><c> would</c><00:14:51.850><c> be</c><00:14:52.030><c> better</c><00:14:52.930><c> to</c><00:14:53.200><c> just</c><00:15:20.850><c> people</c>

00:15:21.840 --> 00:15:21.850 align:start position:0%
from from would be better to just people
 

00:15:21.850 --> 00:15:23.400 align:start position:0%
from from would be better to just people
then<00:15:22.270><c> you'll</c><00:15:22.390><c> have</c><00:15:22.480><c> markets</c><00:15:22.870><c> for</c><00:15:23.020><c> the</c><00:15:23.080><c> second</c>

00:15:23.400 --> 00:15:23.410 align:start position:0%
then you'll have markets for the second
 

00:15:23.410 --> 00:15:24.660 align:start position:0%
then you'll have markets for the second
digit<00:15:23.530><c> which</c><00:15:23.800><c> will</c><00:15:23.920><c> be</c><00:15:24.010><c> could</c><00:15:24.250><c> be</c><00:15:24.280><c> understood</c>

00:15:24.660 --> 00:15:24.670 align:start position:0%
digit which will be could be understood
 

00:15:24.670 --> 00:15:27.120 align:start position:0%
digit which will be could be understood
to<00:15:24.820><c> mean</c><00:15:24.850><c> like</c><00:15:25.210><c> 41</c><00:15:25.630><c> 7</c><00:15:25.900><c> 42</c><00:15:26.140><c> cents</c><00:15:26.470><c> up</c><00:15:26.680><c> to</c><00:15:26.800><c> 49</c>

00:15:27.120 --> 00:15:27.130 align:start position:0%
to mean like 41 7 42 cents up to 49
 

00:15:27.130 --> 00:15:32.160 align:start position:0%
to mean like 41 7 42 cents up to 49
cents<00:15:27.400><c> and</c><00:15:27.580><c> so</c><00:15:27.670><c> forth</c><00:15:27.970><c> so</c><00:15:28.270><c> you</c>

00:15:32.160 --> 00:15:32.170 align:start position:0%
 
 

00:15:32.170 --> 00:15:36.840 align:start position:0%
 
thank<00:15:32.770><c> you</c><00:15:33.780><c> thank</c><00:15:34.780><c> you</c>