WEBVTT Kind: captions Language: en 00:00:09.190 --> 00:00:15.000 align:start position:0% [Music] 00:00:15.000 --> 00:00:15.010 align:start position:0% [Music] 00:00:15.010 --> 00:00:17.890 align:start position:0% [Music] so<00:00:16.010> hi<00:00:16.520> everyone<00:00:16.820> so<00:00:17.300> today<00:00:17.570> we're<00:00:17.720> going<00:00:17.810> to 00:00:17.890 --> 00:00:17.900 align:start position:0% so hi everyone so today we're going to 00:00:17.900 --> 00:00:21.430 align:start position:0% so hi everyone so today we're going to speak<00:00:18.080> about<00:00:18.970> arbitration<00:00:19.970> of<00:00:20.540> contract<00:00:21.140> and 00:00:21.430 --> 00:00:21.440 align:start position:0% speak about arbitration of contract and 00:00:21.440 --> 00:00:25.090 align:start position:0% speak about arbitration of contract and the<00:00:21.950> centralized<00:00:22.280> quote<00:00:22.780> so<00:00:23.780> first<00:00:24.350> let's 00:00:25.090 --> 00:00:25.100 align:start position:0% the centralized quote so first let's 00:00:25.100 --> 00:00:26.710 align:start position:0% the centralized quote so first let's start<00:00:25.160> with<00:00:25.460> a<00:00:25.550> simple<00:00:25.730> example 00:00:26.710 --> 00:00:26.720 align:start position:0% start with a simple example 00:00:26.720 --> 00:00:29.650 align:start position:0% start with a simple example you<00:00:27.110> have<00:00:27.260> Alice<00:00:27.680> and<00:00:28.070> Bob<00:00:28.550> who<00:00:29.240> met<00:00:29.420> on<00:00:29.450> the 00:00:29.650 --> 00:00:29.660 align:start position:0% you have Alice and Bob who met on the 00:00:29.660 --> 00:00:32.529 align:start position:0% you have Alice and Bob who met on the financing<00:00:30.110> platform<00:00:30.560> and<00:00:30.910> they<00:00:31.910> agreed<00:00:32.300> that 00:00:32.529 --> 00:00:32.539 align:start position:0% financing platform and they agreed that 00:00:32.539 --> 00:00:34.660 align:start position:0% financing platform and they agreed that Bob<00:00:32.989> will<00:00:33.530> make<00:00:33.740> a<00:00:33.770> website<00:00:34.130> for<00:00:34.340> Alice 00:00:34.660 --> 00:00:34.670 align:start position:0% Bob will make a website for Alice 00:00:34.670 --> 00:00:38.800 align:start position:0% Bob will make a website for Alice against<00:00:35.660> free<00:00:35.960> user<00:00:36.380> and<00:00:37.060> a<00:00:38.060> leased<00:00:38.360> space<00:00:38.450> Bob 00:00:38.800 --> 00:00:38.810 align:start position:0% against free user and a leased space Bob 00:00:38.810 --> 00:00:42.790 align:start position:0% against free user and a leased space Bob but<00:00:39.710> Bob<00:00:39.820> give<00:00:40.820> a<00:00:41.390> shitty<00:00:41.690> website<00:00:42.140> and<00:00:42.560> Alice 00:00:42.790 --> 00:00:42.800 align:start position:0% but Bob give a shitty website and Alice 00:00:42.800 --> 00:00:45.160 align:start position:0% but Bob give a shitty website and Alice is<00:00:42.950> not<00:00:43.130> happy<00:00:43.579> and<00:00:43.910> wants<00:00:44.750> her<00:00:44.810> money<00:00:44.989> back 00:00:45.160 --> 00:00:45.170 align:start position:0% is not happy and wants her money back 00:00:45.170 --> 00:00:47.920 align:start position:0% is not happy and wants her money back but<00:00:46.040> since<00:00:46.760> there<00:00:46.970> is<00:00:47.060> no<00:00:47.210> charge<00:00:47.480> back<00:00:47.720> with 00:00:47.920 --> 00:00:47.930 align:start position:0% but since there is no charge back with 00:00:47.930 --> 00:00:52.389 align:start position:0% but since there is no charge back with scripto<00:00:48.520> she<00:00:49.520> has<00:00:49.610> no<00:00:49.730> recourse<00:00:50.030> so<00:00:51.220> to<00:00:52.220> avoid 00:00:52.389 --> 00:00:52.399 align:start position:0% scripto she has no recourse so to avoid 00:00:52.399 --> 00:00:55.240 align:start position:0% scripto she has no recourse so to avoid that<00:00:52.660> she<00:00:53.660> could<00:00:53.780> put<00:00:53.960> money<00:00:54.170> in<00:00:54.890> a<00:00:55.010> small 00:00:55.240 --> 00:00:55.250 align:start position:0% that she could put money in a small 00:00:55.250 --> 00:00:59.350 align:start position:0% that she could put money in a small contract<00:00:55.840> if<00:00:56.840> she<00:00:57.050> gets<00:00:57.230> a<00:00:57.290> website<00:00:57.649> great<00:00:58.360> she 00:00:59.350 --> 00:00:59.360 align:start position:0% contract if she gets a website great she 00:00:59.360 --> 00:01:04.209 align:start position:0% contract if she gets a website great she sign<00:00:59.600> and<00:00:59.930> the<00:01:00.800> contract<00:01:01.210> baseball<00:01:02.739> but<00:01:03.739> in 00:01:04.209 --> 00:01:04.219 align:start position:0% sign and the contract baseball but in 00:01:04.219 --> 00:01:07.480 align:start position:0% sign and the contract baseball but in case<00:01:04.460> we<00:01:04.610> dispute<00:01:05.500> Bob<00:01:06.500> say<00:01:06.680> no<00:01:06.950> I've<00:01:07.340> made 00:01:07.480 --> 00:01:07.490 align:start position:0% case we dispute Bob say no I've made 00:01:07.490 --> 00:01:10.719 align:start position:0% case we dispute Bob say no I've made website<00:01:08.979> if<00:01:09.979> you<00:01:10.159> want<00:01:10.340> something<00:01:10.490> better 00:01:10.719 --> 00:01:10.729 align:start position:0% website if you want something better 00:01:10.729 --> 00:01:12.850 align:start position:0% website if you want something better you'll<00:01:11.150> have<00:01:11.270> to<00:01:11.360> pay<00:01:11.479> extra<00:01:11.630> and<00:01:12.140> both<00:01:12.650> things 00:01:12.850 --> 00:01:12.860 align:start position:0% you'll have to pay extra and both things 00:01:12.860 --> 00:01:15.130 align:start position:0% you'll have to pay extra and both things that<00:01:12.979> are<00:01:13.220> right<00:01:13.400> so<00:01:14.299> they<00:01:14.510> pay<00:01:14.630> arbitration 00:01:15.130 --> 00:01:15.140 align:start position:0% that are right so they pay arbitration 00:01:15.140 --> 00:01:18.310 align:start position:0% that are right so they pay arbitration fees<00:01:15.940> the<00:01:16.940> dispute<00:01:17.299> goes<00:01:17.780> to<00:01:17.900> an<00:01:17.960> arbitrator 00:01:18.310 --> 00:01:18.320 align:start position:0% fees the dispute goes to an arbitrator 00:01:18.320 --> 00:01:21.940 align:start position:0% fees the dispute goes to an arbitrator and<00:01:19.150> I<00:01:20.150> will<00:01:20.270> trade<00:01:20.450> rock'n'roll<00:01:20.900> which<00:01:21.770> we 00:01:21.940 --> 00:01:21.950 align:start position:0% and I will trade rock'n'roll which we 00:01:21.950 --> 00:01:24.190 align:start position:0% and I will trade rock'n'roll which we trigger<00:01:22.220> the<00:01:22.340> previous<00:01:22.820> mail<00:01:23.000> contract<00:01:23.330> which 00:01:24.190 --> 00:01:24.200 align:start position:0% trigger the previous mail contract which 00:01:24.200 --> 00:01:29.170 align:start position:0% trigger the previous mail contract which will<00:01:24.320> move<00:01:24.470> the<00:01:24.530> phones<00:01:26.590> the<00:01:27.590> first<00:01:27.909> catch<00:01:28.909> is 00:01:29.170 --> 00:01:29.180 align:start position:0% will move the phones the first catch is 00:01:29.180 --> 00:01:32.140 align:start position:0% will move the phones the first catch is all<00:01:29.420> cool<00:01:29.990> the<00:01:30.200> arbitrator<00:01:30.680> know<00:01:31.040> what<00:01:31.729> the 00:01:32.140 --> 00:01:32.150 align:start position:0% all cool the arbitrator know what the 00:01:32.150 --> 00:01:35.410 align:start position:0% all cool the arbitrator know what the smart<00:01:32.420> contract<00:01:32.570> was<00:01:33.140> referring<00:01:33.409> about<00:01:33.909> so<00:01:34.909> to 00:01:35.410 --> 00:01:35.420 align:start position:0% smart contract was referring about so to 00:01:35.420 --> 00:01:37.990 align:start position:0% smart contract was referring about so to solve<00:01:35.630> that<00:01:36.100> the<00:01:37.100> first<00:01:37.369> when<00:01:37.610> they<00:01:37.729> created 00:01:37.990 --> 00:01:38.000 align:start position:0% solve that the first when they created 00:01:38.000 --> 00:01:40.899 align:start position:0% solve that the first when they created the<00:01:38.150> contract<00:01:38.570> input<00:01:39.380> the<00:01:39.740> ash<00:01:39.860> of<00:01:40.250> the<00:01:40.700> plain 00:01:40.899 --> 00:01:40.909 align:start position:0% the contract input the ash of the plain 00:01:40.909 --> 00:01:43.990 align:start position:0% the contract input the ash of the plain English<00:01:41.090> contract<00:01:41.720> and<00:01:41.990> this<00:01:42.710> way<00:01:42.920> when<00:01:43.880> the 00:01:43.990 --> 00:01:44.000 align:start position:0% English contract and this way when the 00:01:44.000 --> 00:01:47.230 align:start position:0% English contract and this way when the dispute<00:01:44.509> they<00:01:45.229> can<00:01:45.409> show<00:01:45.650> to<00:01:45.950> the<00:01:46.520> arbitrator 00:01:47.230 --> 00:01:47.240 align:start position:0% dispute they can show to the arbitrator 00:01:47.240 --> 00:01:49.960 align:start position:0% dispute they can show to the arbitrator what<00:01:47.750> was<00:01:48.020> the<00:01:48.200> contract<00:01:48.950> agreed<00:01:49.400> in<00:01:49.700> plain 00:01:49.960 --> 00:01:49.970 align:start position:0% what was the contract agreed in plain 00:01:49.970 --> 00:01:53.679 align:start position:0% what was the contract agreed in plain English<00:01:50.240> and<00:01:50.770> if<00:01:51.770> there<00:01:51.979> is<00:01:52.100> no<00:01:52.280> dispute<00:01:52.689> its 00:01:53.679 --> 00:01:53.689 align:start position:0% English and if there is no dispute its 00:01:53.689 --> 00:01:56.050 align:start position:0% English and if there is no dispute its privacy-preserving<00:01:54.290> and<00:01:54.950> I<00:01:55.430> want<00:01:55.640> us<00:01:55.759> to<00:01:55.909> ever 00:01:56.050 --> 00:01:56.060 align:start position:0% privacy-preserving and I want us to ever 00:01:56.060 --> 00:01:57.569 align:start position:0% privacy-preserving and I want us to ever know<00:01:56.240> about<00:01:56.360> what<00:01:56.630> the<00:01:56.720> contract<00:01:57.080> was 00:01:57.569 --> 00:01:57.579 align:start position:0% know about what the contract was 00:01:57.579 --> 00:02:00.700 align:start position:0% know about what the contract was actually<00:01:58.579> we<00:01:59.210> can<00:01:59.329> even<00:01:59.479> do<00:01:59.600> better<00:01:59.710> imagine 00:02:00.700 --> 00:02:00.710 align:start position:0% actually we can even do better imagine 00:02:00.710 --> 00:02:03.429 align:start position:0% actually we can even do better imagine we<00:02:00.829> have<00:02:00.920> a<00:02:00.979> contract<00:02:01.460> with<00:02:01.729> four<00:02:02.030> pages<00:02:02.439> pages 00:02:03.429 --> 00:02:03.439 align:start position:0% we have a contract with four pages pages 00:02:03.439 --> 00:02:05.080 align:start position:0% we have a contract with four pages pages one<00:02:03.740> and<00:02:03.770> two<00:02:03.979> are<00:02:04.130> on<00:02:04.220> one<00:02:04.369> topic<00:02:04.700> which<00:02:05.060> is 00:02:05.080 --> 00:02:05.090 align:start position:0% one and two are on one topic which is 00:02:05.090 --> 00:02:07.810 align:start position:0% one and two are on one topic which is three<00:02:05.360> and<00:02:05.479> four<00:02:05.659> on<00:02:05.840> another<00:02:06.079> one<00:02:06.259> and<00:02:06.820> you 00:02:07.810 --> 00:02:07.820 align:start position:0% three and four on another one and you 00:02:07.820 --> 00:02:10.960 align:start position:0% three and four on another one and you don't<00:02:08.119> want<00:02:08.390> to<00:02:08.539> reveal<00:02:08.689> both<00:02:09.649> of<00:02:10.069> the<00:02:10.670> topic 00:02:10.960 --> 00:02:10.970 align:start position:0% don't want to reveal both of the topic 00:02:10.970 --> 00:02:13.660 align:start position:0% don't want to reveal both of the topic of<00:02:11.209> the<00:02:11.690> contract<00:02:12.110> if<00:02:12.590> you<00:02:12.770> only<00:02:12.950> have<00:02:13.220> one 00:02:13.660 --> 00:02:13.670 align:start position:0% of the contract if you only have one 00:02:13.670 --> 00:02:14.920 align:start position:0% of the contract if you only have one topic<00:02:14.030> which<00:02:14.180> is<00:02:14.209> imported 00:02:14.920 --> 00:02:14.930 align:start position:0% topic which is imported 00:02:14.930 --> 00:02:18.009 align:start position:0% topic which is imported and<00:02:15.019> for<00:02:15.500> arbitration<00:02:15.969> so<00:02:16.969> use<00:02:17.390> a<00:02:17.420> local<00:02:17.719> tree 00:02:18.009 --> 00:02:18.019 align:start position:0% and for arbitration so use a local tree 00:02:18.019 --> 00:02:21.130 align:start position:0% and for arbitration so use a local tree and<00:02:18.290> you<00:02:19.189> just<00:02:19.340> have<00:02:19.489> to<00:02:19.609> read<00:02:19.730> all<00:02:19.879> the<00:02:20.719> pages 00:02:21.130 --> 00:02:21.140 align:start position:0% and you just have to read all the pages 00:02:21.140 --> 00:02:23.170 align:start position:0% and you just have to read all the pages which<00:02:21.590> are<00:02:21.769> linked<00:02:22.040> to<00:02:22.579> what<00:02:23.000> you<00:02:23.150> are 00:02:23.170 --> 00:02:23.180 align:start position:0% which are linked to what you are 00:02:23.180 --> 00:02:26.410 align:start position:0% which are linked to what you are disputing<00:02:24.609> and<00:02:25.609> the<00:02:25.849> thing<00:02:26.030> is<00:02:26.180> that<00:02:26.269> the 00:02:26.410 --> 00:02:26.420 align:start position:0% disputing and the thing is that the 00:02:26.420 --> 00:02:29.289 align:start position:0% disputing and the thing is that the arbitrator<00:02:26.840> can<00:02:27.260> be<00:02:27.409> everything<00:02:27.829> it<00:02:28.640> can<00:02:28.819> be<00:02:29.030> a 00:02:29.289 --> 00:02:29.299 align:start position:0% arbitrator can be everything it can be a 00:02:29.299 --> 00:02:32.530 align:start position:0% arbitrator can be everything it can be a centralized<00:02:29.659> party<00:02:30.140> a<00:02:30.530> multi<00:02:31.040> seed<00:02:31.280> or<00:02:31.730> even 00:02:32.530 --> 00:02:32.540 align:start position:0% centralized party a multi seed or even 00:02:32.540 --> 00:02:37.300 align:start position:0% centralized party a multi seed or even it<00:02:32.659> down<00:02:32.840> and<00:02:33.310> that's<00:02:34.310> what<00:02:34.730> clearance<00:02:35.150> is<00:02:36.310> I'm 00:02:37.300 --> 00:02:37.310 align:start position:0% it down and that's what clearance is I'm 00:02:37.310 --> 00:02:39.039 align:start position:0% it down and that's what clearance is I'm given<00:02:37.639> an<00:02:37.730> example<00:02:38.030> which<00:02:38.329> is<00:02:38.359> very<00:02:38.659> simple 00:02:39.039 --> 00:02:39.049 align:start position:0% given an example which is very simple 00:02:39.049 --> 00:02:41.229 align:start position:0% given an example which is very simple which<00:02:39.409> is<00:02:39.439> used<00:02:39.739> transfer<00:02:40.219> money<00:02:40.370> but<00:02:41.120> in 00:02:41.229 --> 00:02:41.239 align:start position:0% which is used transfer money but in 00:02:41.239 --> 00:02:44.830 align:start position:0% which is used transfer money but in practice<00:02:41.719> we<00:02:42.319> can<00:02:42.469> have<00:02:42.709> way<00:02:43.280> more<00:02:43.840> complex 00:02:44.830 --> 00:02:44.840 align:start position:0% practice we can have way more complex 00:02:44.840 --> 00:02:47.979 align:start position:0% practice we can have way more complex way<00:02:45.620> more<00:02:45.769> complex<00:02:46.040> dispute<00:02:46.970> an<00:02:47.269> enforcement 00:02:47.979 --> 00:02:47.989 align:start position:0% way more complex dispute an enforcement 00:02:47.989 --> 00:02:50.530 align:start position:0% way more complex dispute an enforcement as<00:02:48.230> long<00:02:48.799> as<00:02:48.980> it's<00:02:49.189> enforceable<00:02:49.760> by<00:02:50.120> a<00:02:50.150> smart 00:02:50.530 --> 00:02:50.540 align:start position:0% as long as it's enforceable by a smart 00:02:50.540 --> 00:02:53.349 align:start position:0% as long as it's enforceable by a smart contract<00:02:50.689> so<00:02:51.620> with<00:02:52.099> money<00:02:52.340> with<00:02:52.760> freelancing 00:02:53.349 --> 00:02:53.359 align:start position:0% contract so with money with freelancing 00:02:53.359 --> 00:02:57.190 align:start position:0% contract so with money with freelancing ecommerce<00:02:54.760> crowdfunding<00:02:55.760> you<00:02:56.209> will<00:02:56.359> have<00:02:56.599> you 00:02:57.190 --> 00:02:57.200 align:start position:0% ecommerce crowdfunding you will have you 00:02:57.200 --> 00:03:00.550 align:start position:0% ecommerce crowdfunding you will have you have<00:02:57.319> autos<00:02:57.620> ico<00:02:58.010> the<00:02:58.790> raise<00:02:58.939> money<00:02:59.269> but<00:02:59.930> if 00:03:00.550 --> 00:03:00.560 align:start position:0% have autos ico the raise money but if 00:03:00.560 --> 00:03:03.159 align:start position:0% have autos ico the raise money but if the<00:03:00.829> token<00:03:01.340> buyer<00:03:01.639> and<00:03:02.120> not<00:03:02.540> appease<00:03:02.870> I<00:03:03.079> have 00:03:03.159 --> 00:03:03.169 align:start position:0% the token buyer and not appease I have 00:03:03.169 --> 00:03:06.280 align:start position:0% the token buyer and not appease I have no<00:03:03.349> way<00:03:03.469> to<00:03:03.530> get<00:03:04.189> the<00:03:04.579> money<00:03:04.669> back<00:03:04.939> so<00:03:05.780> we<00:03:06.109> will 00:03:06.280 --> 00:03:06.290 align:start position:0% no way to get the money back so we will 00:03:06.290 --> 00:03:09.670 align:start position:0% no way to get the money back so we will have<00:03:06.760> my<00:03:07.760> stone<00:03:08.090> and<00:03:08.389> when<00:03:08.959> my<00:03:09.139> son<00:03:09.200> is<00:03:09.439> reached 00:03:09.670 --> 00:03:09.680 align:start position:0% have my stone and when my son is reached 00:03:09.680 --> 00:03:11.530 align:start position:0% have my stone and when my son is reached you<00:03:10.340> unlock<00:03:10.549> the<00:03:10.669> money<00:03:10.819> and<00:03:11.120> if<00:03:11.269> the<00:03:11.389> token 00:03:11.530 --> 00:03:11.540 align:start position:0% you unlock the money and if the token 00:03:11.540 --> 00:03:14.170 align:start position:0% you unlock the money and if the token order<00:03:12.379> and<00:03:12.650> the<00:03:12.739> team<00:03:12.980> don't<00:03:13.280> agree<00:03:13.489> that's<00:03:14.030> a 00:03:14.170 --> 00:03:14.180 align:start position:0% order and the team don't agree that's a 00:03:14.180 --> 00:03:17.319 align:start position:0% order and the team don't agree that's a dispute<00:03:14.510> online<00:03:15.439> gaming<00:03:15.650> cheating<00:03:16.370> social 00:03:17.319 --> 00:03:17.329 align:start position:0% dispute online gaming cheating social 00:03:17.329 --> 00:03:20.409 align:start position:0% dispute online gaming cheating social network<00:03:17.689> you<00:03:18.139> submit<00:03:19.099> content<00:03:19.310> which<00:03:20.180> is 00:03:20.409 --> 00:03:20.419 align:start position:0% network you submit content which is 00:03:20.419 --> 00:03:23.289 align:start position:0% network you submit content which is against<00:03:20.989> the<00:03:21.049> shot<00:03:21.340> you<00:03:22.340> have<00:03:22.430> a<00:03:22.459> dispute<00:03:22.819> you 00:03:23.289 --> 00:03:23.299 align:start position:0% against the shot you have a dispute you 00:03:23.299 --> 00:03:25.839 align:start position:0% against the shot you have a dispute you lose<00:03:23.650> you<00:03:24.650> remove<00:03:24.889> the<00:03:25.010> content<00:03:25.370> and<00:03:25.760> you 00:03:25.839 --> 00:03:25.849 align:start position:0% lose you remove the content and you 00:03:25.849 --> 00:03:28.629 align:start position:0% lose you remove the content and you penalize<00:03:26.209> the<00:03:27.139> party<00:03:27.530> were<00:03:28.010> rewriting<00:03:28.340> the 00:03:28.629 --> 00:03:28.639 align:start position:0% penalize the party were rewriting the 00:03:28.639 --> 00:03:31.809 align:start position:0% penalize the party were rewriting the rules<00:03:29.169> in<00:03:30.169> typical<00:03:30.590> property<00:03:31.040> we've<00:03:31.609> seen<00:03:31.760> a 00:03:31.809 --> 00:03:31.819 align:start position:0% rules in typical property we've seen a 00:03:31.819 --> 00:03:35.020 align:start position:0% rules in typical property we've seen a nice<00:03:31.970> example<00:03:32.180> in<00:03:32.599> the<00:03:32.689> Def<00:03:32.840> Con<00:03:33.049> with<00:03:33.319> ENS<00:03:34.030> you 00:03:35.020 --> 00:03:35.030 align:start position:0% nice example in the Def Con with ENS you 00:03:35.030 --> 00:03:36.899 align:start position:0% nice example in the Def Con with ENS you have<00:03:35.180> someone<00:03:35.540> registering<00:03:36.260> your<00:03:36.349> trademark 00:03:36.899 --> 00:03:36.909 align:start position:0% have someone registering your trademark 00:03:36.909 --> 00:03:40.300 align:start position:0% have someone registering your trademark well<00:03:37.909> you<00:03:38.359> go<00:03:38.479> to<00:03:38.650> Vienna<00:03:39.650> system<00:03:40.069> to<00:03:40.220> have 00:03:40.300 --> 00:03:40.310 align:start position:0% well you go to Vienna system to have 00:03:40.310 --> 00:03:42.759 align:start position:0% well you go to Vienna system to have blacklist<00:03:40.870> you<00:03:41.870> have<00:03:41.959> a<00:03:42.019> dispute<00:03:42.290> to<00:03:42.409> dispute 00:03:42.759 --> 00:03:42.769 align:start position:0% blacklist you have a dispute to dispute 00:03:42.769 --> 00:03:44.830 align:start position:0% blacklist you have a dispute to dispute is<00:03:42.859> okay<00:03:43.129> this<00:03:43.400> is<00:03:43.579> my<00:03:43.759> trademark<00:03:44.030> I<00:03:44.419> don't 00:03:44.830 --> 00:03:44.840 align:start position:0% is okay this is my trademark I don't 00:03:44.840 --> 00:03:47.589 align:start position:0% is okay this is my trademark I don't want<00:03:44.989> you<00:03:45.139> to<00:03:45.290> use<00:03:45.500> this<00:03:46.159> ENS<00:03:46.609> and<00:03:46.819> I<00:03:47.239> want<00:03:47.479> it 00:03:47.589 --> 00:03:47.599 align:start position:0% want you to use this ENS and I want it 00:03:47.599 --> 00:03:50.530 align:start position:0% want you to use this ENS and I want it to<00:03:47.659> be<00:03:47.750> blacklisted<00:03:48.049> and<00:03:48.409> the<00:03:48.829> result<00:03:49.239> of<00:03:50.239> the 00:03:50.530 --> 00:03:50.540 align:start position:0% to be blacklisted and the result of the 00:03:50.540 --> 00:03:53.170 align:start position:0% to be blacklisted and the result of the arbitral<00:03:51.049> contract<00:03:51.470> is<00:03:51.709> a<00:03:52.040> blacklist<00:03:52.699> of<00:03:52.849> the 00:03:53.170 --> 00:03:53.180 align:start position:0% arbitral contract is a blacklist of the 00:03:53.180 --> 00:03:56.020 align:start position:0% arbitral contract is a blacklist of the domain<00:03:53.479> if<00:03:54.129> the<00:03:55.129> one<00:03:55.310> claiming<00:03:55.790> the 00:03:56.020 --> 00:03:56.030 align:start position:0% domain if the one claiming the 00:03:56.030 --> 00:03:58.179 align:start position:0% domain if the one claiming the intellectual<00:03:56.449> property<00:03:56.870> is<00:03:57.019> a<00:03:57.349> sin<00:03:58.069> as 00:03:58.179 --> 00:03:58.189 align:start position:0% intellectual property is a sin as 00:03:58.189 --> 00:04:00.789 align:start position:0% intellectual property is a sin as correct<00:03:58.489> by<00:03:58.879> the<00:03:58.939> arbitrator<00:03:59.449> or<00:03:59.799> insurance 00:04:00.789 --> 00:04:00.799 align:start position:0% correct by the arbitrator or insurance 00:04:00.799 --> 00:04:04.179 align:start position:0% correct by the arbitrator or insurance this<00:04:01.430> event<00:04:01.819> occurred<00:04:02.180> and<00:04:02.500> does<00:04:03.500> the<00:04:03.680> insurer 00:04:04.179 --> 00:04:04.189 align:start position:0% this event occurred and does the insurer 00:04:04.189 --> 00:04:07.869 align:start position:0% this event occurred and does the insurer have<00:04:04.340> to<00:04:04.459> pay<00:04:05.560> so<00:04:06.560> we<00:04:06.709> can<00:04:06.859> abstract<00:04:07.340> that<00:04:07.519> and 00:04:07.869 --> 00:04:07.879 align:start position:0% have to pay so we can abstract that and 00:04:07.879 --> 00:04:10.800 align:start position:0% have to pay so we can abstract that and have<00:04:08.870> to<00:04:09.259> kind<00:04:09.560> of<00:04:09.799> contract<00:04:10.310> arbitrator 00:04:10.800 --> 00:04:10.810 align:start position:0% have to kind of contract arbitrator 00:04:10.810 --> 00:04:14.800 align:start position:0% have to kind of contract arbitrator smart<00:04:11.810> contract<00:04:12.199> which<00:04:12.919> are<00:04:13.400> responsible<00:04:13.849> for 00:04:14.800 --> 00:04:14.810 align:start position:0% smart contract which are responsible for 00:04:14.810 --> 00:04:18.300 align:start position:0% smart contract which are responsible for enforcement<00:04:15.409> of<00:04:15.970> ruling<00:04:16.970> and<00:04:17.259> arbitrators 00:04:18.300 --> 00:04:18.310 align:start position:0% enforcement of ruling and arbitrators 00:04:18.310 --> 00:04:21.219 align:start position:0% enforcement of ruling and arbitrators which<00:04:19.310> are<00:04:19.489> responsible<00:04:20.000> for<00:04:20.509> giving<00:04:20.959> the 00:04:21.219 --> 00:04:21.229 align:start position:0% which are responsible for giving the 00:04:21.229 --> 00:04:23.740 align:start position:0% which are responsible for giving the ruling<00:04:21.500> and<00:04:21.709> the<00:04:22.520> goal<00:04:22.699> is<00:04:23.000> to<00:04:23.029> have<00:04:23.240> every 00:04:23.740 --> 00:04:23.750 align:start position:0% ruling and the goal is to have every 00:04:23.750 --> 00:04:25.779 align:start position:0% ruling and the goal is to have every Abbot<00:04:24.320> reverse<00:04:24.590> my<00:04:24.740> contract<00:04:25.190> I'll<00:04:25.430> be 00:04:25.779 --> 00:04:25.789 align:start position:0% Abbot reverse my contract I'll be 00:04:25.789 --> 00:04:28.060 align:start position:0% Abbot reverse my contract I'll be troubled<00:04:26.150> by<00:04:26.270> every<00:04:26.659> arbitrator<00:04:27.110> contract<00:04:27.620> so 00:04:28.060 --> 00:04:28.070 align:start position:0% troubled by every arbitrator contract so 00:04:28.070 --> 00:04:29.260 align:start position:0% troubled by every arbitrator contract so this<00:04:28.370> way<00:04:28.580> if<00:04:28.940> you 00:04:29.260 --> 00:04:29.270 align:start position:0% this way if you 00:04:29.270 --> 00:04:32.050 align:start position:0% this way if you developer<00:04:29.900> you<00:04:30.410> can<00:04:30.440> easily<00:04:30.890> switch<00:04:31.130> from<00:04:31.400> one 00:04:32.050 --> 00:04:32.060 align:start position:0% developer you can easily switch from one 00:04:32.060 --> 00:04:35.380 align:start position:0% developer you can easily switch from one arbitrator<00:04:32.540> to<00:04:32.630> another<00:04:34.090> so<00:04:35.090> let's<00:04:35.270> go<00:04:35.360> back 00:04:35.380 --> 00:04:35.390 align:start position:0% arbitrator to another so let's go back 00:04:35.390 --> 00:04:39.580 align:start position:0% arbitrator to another so let's go back to<00:04:35.540> kleros<00:04:36.850> the<00:04:37.850> idea<00:04:38.090> of<00:04:38.180> kleros<00:04:38.510> is<00:04:39.200> 12 00:04:39.580 --> 00:04:39.590 align:start position:0% to kleros the idea of kleros is 12 00:04:39.590 --> 00:04:43.690 align:start position:0% to kleros the idea of kleros is 12 courtesan<00:04:40.220> jurors<00:04:41.500> so<00:04:42.500> first<00:04:43.280> we<00:04:43.430> could<00:04:43.580> say 00:04:43.690 --> 00:04:43.700 align:start position:0% courtesan jurors so first we could say 00:04:43.700 --> 00:04:45.550 align:start position:0% courtesan jurors so first we could say okay<00:04:43.940> we<00:04:44.210> let<00:04:44.330> everyone<00:04:44.660> adjuster<00:04:45.200> and 00:04:45.550 --> 00:04:45.560 align:start position:0% okay we let everyone adjuster and 00:04:45.560 --> 00:04:47.800 align:start position:0% okay we let everyone adjuster and everyone<00:04:46.040> in<00:04:46.130> Tudor<00:04:46.250> oh<00:04:46.400> well<00:04:47.390> that<00:04:47.600> would<00:04:47.750> be 00:04:47.800 --> 00:04:47.810 align:start position:0% everyone in Tudor oh well that would be 00:04:47.810 --> 00:04:49.870 align:start position:0% everyone in Tudor oh well that would be quite<00:04:48.020> impractical<00:04:48.610> because<00:04:49.610> you<00:04:49.760> will 00:04:49.870 --> 00:04:49.880 align:start position:0% quite impractical because you will 00:04:49.880 --> 00:04:51.640 align:start position:0% quite impractical because you will either<00:04:50.030> need<00:04:50.300> to<00:04:50.480> pay<00:04:50.690> everyone<00:04:51.020> arbitration 00:04:51.640 --> 00:04:51.650 align:start position:0% either need to pay everyone arbitration 00:04:51.650 --> 00:04:54.430 align:start position:0% either need to pay everyone arbitration fee<00:04:51.770> or<00:04:52.070> everyone<00:04:52.760> will<00:04:52.910> get<00:04:53.000> peanuts<00:04:53.390> so<00:04:54.080> in 00:04:54.430 --> 00:04:54.440 align:start position:0% fee or everyone will get peanuts so in 00:04:54.440 --> 00:04:57.520 align:start position:0% fee or everyone will get peanuts so in both<00:04:54.590> way<00:04:54.800> we<00:04:54.950> have<00:04:55.040> an<00:04:55.100> issue<00:04:55.810> so<00:04:56.810> we<00:04:57.200> can<00:04:57.350> just 00:04:57.520 --> 00:04:57.530 align:start position:0% both way we have an issue so we can just 00:04:57.530 --> 00:05:00.100 align:start position:0% both way we have an issue so we can just roll<00:04:58.040> some<00:04:58.340> of<00:04:58.460> them<00:04:58.690> which<00:04:59.690> will<00:04:59.870> look<00:04:59.990> at 00:05:00.100 --> 00:05:00.110 align:start position:0% roll some of them which will look at 00:05:00.110 --> 00:05:02.080 align:start position:0% roll some of them which will look at evidence<00:05:00.470> and<00:05:00.590> vote<00:05:01.070> and<00:05:01.400> get<00:05:01.520> a<00:05:01.580> relation<00:05:01.970> fee 00:05:02.080 --> 00:05:02.090 align:start position:0% evidence and vote and get a relation fee 00:05:02.090 --> 00:05:05.040 align:start position:0% evidence and vote and get a relation fee but<00:05:02.300> not<00:05:02.420> all<00:05:02.920> but<00:05:03.920> there<00:05:04.040> is<00:05:04.130> still<00:05:04.280> a<00:05:04.310> problem 00:05:05.040 --> 00:05:05.050 align:start position:0% but not all but there is still a problem 00:05:05.050 --> 00:05:07.630 align:start position:0% but not all but there is still a problem since<00:05:06.050> we<00:05:06.230> don't<00:05:06.380> have<00:05:06.650> a<00:05:06.680> way<00:05:06.980> to<00:05:07.040> be<00:05:07.460> sure 00:05:07.630 --> 00:05:07.640 align:start position:0% since we don't have a way to be sure 00:05:07.640 --> 00:05:10.750 align:start position:0% since we don't have a way to be sure that<00:05:07.900> someone<00:05:08.900> I<00:05:09.110> just<00:05:09.380> won<00:05:09.710> online<00:05:10.340> on<00:05:10.580> chain 00:05:10.750 --> 00:05:10.760 align:start position:0% that someone I just won online on chain 00:05:10.760 --> 00:05:13.210 align:start position:0% that someone I just won online on chain identity<00:05:11.300> someone<00:05:12.200> like<00:05:12.440> this<00:05:12.650> guy<00:05:12.800> will 00:05:13.210 --> 00:05:13.220 align:start position:0% identity someone like this guy will 00:05:13.220 --> 00:05:15.880 align:start position:0% identity someone like this guy will register<00:05:13.640> tons<00:05:13.940> of<00:05:14.060> time<00:05:14.270> and<00:05:14.600> be<00:05:15.380> almost<00:05:15.590> the 00:05:15.880 --> 00:05:15.890 align:start position:0% register tons of time and be almost the 00:05:15.890 --> 00:05:20.080 align:start position:0% register tons of time and be almost the only<00:05:16.010> one<00:05:16.280> drawn<00:05:17.500> to<00:05:18.500> solve<00:05:18.770> that<00:05:18.980> instead<00:05:19.970> of 00:05:20.080 --> 00:05:20.090 align:start position:0% only one drawn to solve that instead of 00:05:20.090 --> 00:05:23.440 align:start position:0% only one drawn to solve that instead of during<00:05:20.270> jurors<00:05:20.690> which<00:05:21.620> were<00:05:21.740> tokens<00:05:22.390> so<00:05:23.390> you 00:05:23.440 --> 00:05:23.450 align:start position:0% during jurors which were tokens so you 00:05:23.450 --> 00:05:27.580 align:start position:0% during jurors which were tokens so you activate<00:05:24.110> you<00:05:24.200> token<00:05:25.120> prohibition<00:05:26.350> we<00:05:27.350> get<00:05:27.500> to 00:05:27.580 --> 00:05:27.590 align:start position:0% activate you token prohibition we get to 00:05:27.590 --> 00:05:30.520 align:start position:0% activate you token prohibition we get to random<00:05:27.830> number<00:05:28.540> with<00:05:29.540> one<00:05:29.960> of<00:05:30.080> the<00:05:30.200> metal<00:05:30.440> I 00:05:30.520 --> 00:05:30.530 align:start position:0% random number with one of the metal I 00:05:30.530 --> 00:05:33.640 align:start position:0% random number with one of the metal I talked<00:05:30.740> about<00:05:30.980> yesterday<00:05:31.190> from<00:05:32.180> this<00:05:32.360> one<00:05:32.650> we 00:05:33.640 --> 00:05:33.650 align:start position:0% talked about yesterday from this one we 00:05:33.650 --> 00:05:35.830 align:start position:0% talked about yesterday from this one we can<00:05:33.830> get<00:05:33.980> multiple<00:05:34.250> ones<00:05:34.670> everyone<00:05:35.630> was<00:05:35.810> a 00:05:35.830 --> 00:05:35.840 align:start position:0% can get multiple ones everyone was a 00:05:35.840 --> 00:05:39.820 align:start position:0% can get multiple ones everyone was a token<00:05:36.080> Ron<00:05:36.500> is<00:05:36.890> an<00:05:37.010> arbitrator<00:05:38.380> so<00:05:39.380> we<00:05:39.500> had<00:05:39.680> the 00:05:39.820 --> 00:05:39.830 align:start position:0% token Ron is an arbitrator so we had the 00:05:39.830 --> 00:05:42.280 align:start position:0% token Ron is an arbitrator so we had the incentive<00:05:40.280> to<00:05:40.310> arbitrate<00:05:40.820> which<00:05:41.030> is<00:05:41.240> get<00:05:42.200> the 00:05:42.280 --> 00:05:42.290 align:start position:0% incentive to arbitrate which is get the 00:05:42.290 --> 00:05:44.350 align:start position:0% incentive to arbitrate which is get the attrition<00:05:42.530> fee<00:05:42.770> but<00:05:43.700> now<00:05:43.940> we<00:05:44.000> need<00:05:44.210> an 00:05:44.350 --> 00:05:44.360 align:start position:0% attrition fee but now we need an 00:05:44.360 --> 00:05:47.650 align:start position:0% attrition fee but now we need an incentive<00:05:44.900> to<00:05:45.310> arbitrate<00:05:46.450> correctly<00:05:47.450> and 00:05:47.650 --> 00:05:47.660 align:start position:0% incentive to arbitrate correctly and 00:05:47.660 --> 00:05:50.830 align:start position:0% incentive to arbitrate correctly and honestly<00:05:48.460> but<00:05:49.460> unfortunately<00:05:50.330> we<00:05:50.630> can't 00:05:50.830 --> 00:05:50.840 align:start position:0% honestly but unfortunately we can't 00:05:50.840 --> 00:05:53.140 align:start position:0% honestly but unfortunately we can't really<00:05:51.110> move<00:05:51.590> your<00:05:51.800> honestly<00:05:52.340> in<00:05:53.000> an 00:05:53.140 --> 00:05:53.150 align:start position:0% really move your honestly in an 00:05:53.150 --> 00:05:56.050 align:start position:0% really move your honestly in an algorithmic<00:05:53.720> manner<00:05:54.220> we<00:05:55.220> could<00:05:55.640> say<00:05:55.730> okay 00:05:56.050 --> 00:05:56.060 align:start position:0% algorithmic manner we could say okay 00:05:56.060 --> 00:05:58.480 align:start position:0% algorithmic manner we could say okay it's<00:05:56.330> another<00:05:56.510> dispute<00:05:57.020> this<00:05:57.980> arbitrator 00:05:58.480 --> 00:05:58.490 align:start position:0% it's another dispute this arbitrator 00:05:58.490 --> 00:06:01.420 align:start position:0% it's another dispute this arbitrator rule<00:05:58.910> honestly<00:05:59.540> or<00:05:59.750> not<00:05:59.990> but<00:06:00.950> some<00:06:01.190> kind<00:06:01.310> of 00:06:01.420 --> 00:06:01.430 align:start position:0% rule honestly or not but some kind of 00:06:01.430 --> 00:06:04.030 align:start position:0% rule honestly or not but some kind of chicken<00:06:01.670> and<00:06:01.880> egg<00:06:02.000> problem<00:06:02.680> so<00:06:03.680> the<00:06:03.830> best 00:06:04.030 --> 00:06:04.040 align:start position:0% chicken and egg problem so the best 00:06:04.040 --> 00:06:07.900 align:start position:0% chicken and egg problem so the best thing<00:06:04.310> we<00:06:04.340> can<00:06:04.580> have<00:06:04.820> is<00:06:05.920> currents<00:06:06.920> as<00:06:07.220> a<00:06:07.580> proxy 00:06:07.900 --> 00:06:07.910 align:start position:0% thing we can have is currents as a proxy 00:06:07.910 --> 00:06:11.950 align:start position:0% thing we can have is currents as a proxy of<00:06:08.470> honesty<00:06:09.470> so<00:06:10.280> in<00:06:10.550> this<00:06:10.610> example<00:06:10.790> you<00:06:11.420> can 00:06:11.950 --> 00:06:11.960 align:start position:0% of honesty so in this example you can 00:06:11.960 --> 00:06:14.170 align:start position:0% of honesty so in this example you can ask<00:06:12.140> you<00:06:12.320> a<00:06:12.350> new<00:06:12.500> audio<00:06:12.830> the<00:06:13.670> vault<00:06:13.880> sheet<00:06:14.030> for 00:06:14.170 --> 00:06:14.180 align:start position:0% ask you a new audio the vault sheet for 00:06:14.180 --> 00:06:14.650 align:start position:0% ask you a new audio the vault sheet for Bob 00:06:14.650 --> 00:06:14.660 align:start position:0% Bob 00:06:14.660 --> 00:06:17.140 align:start position:0% Bob why<00:06:14.840> isn't<00:06:14.990> majority<00:06:15.500> but<00:06:15.680> it<00:06:15.830> for<00:06:15.980> Alice<00:06:16.220> so 00:06:17.140 --> 00:06:17.150 align:start position:0% why isn't majority but it for Alice so 00:06:17.150 --> 00:06:19.330 align:start position:0% why isn't majority but it for Alice so Zeus<00:06:17.570> Jareau<00:06:17.780> say<00:06:18.620> we<00:06:18.740> lose<00:06:18.860> part<00:06:19.130> of<00:06:19.250> the 00:06:19.330 --> 00:06:19.340 align:start position:0% Zeus Jareau say we lose part of the 00:06:19.340 --> 00:06:23.820 align:start position:0% Zeus Jareau say we lose part of the token<00:06:19.670> to<00:06:19.910> the<00:06:20.480> draw<00:06:20.690> watch<00:06:21.440> it<00:06:21.650> currently 00:06:23.820 --> 00:06:23.830 align:start position:0% token to the draw watch it currently 00:06:23.830 --> 00:06:28.170 align:start position:0% token to the draw watch it currently that's<00:06:25.150> inspired<00:06:26.150> by<00:06:26.270> game<00:06:27.050> game<00:06:27.290> theory<00:06:27.560> and 00:06:28.170 --> 00:06:28.180 align:start position:0% that's inspired by game game theory and 00:06:28.180 --> 00:06:32.140 align:start position:0% that's inspired by game game theory and shading<00:06:29.180> point<00:06:29.800> and<00:06:30.800> this<00:06:30.890> buddy<00:06:31.070> example<00:06:31.700> if 00:06:32.140 --> 00:06:32.150 align:start position:0% shading point and this buddy example if 00:06:32.150 --> 00:06:34.990 align:start position:0% shading point and this buddy example if you<00:06:32.360> vote<00:06:32.960> the<00:06:33.290> same<00:06:33.470> way<00:06:33.530> as<00:06:33.980> user<00:06:34.460> you<00:06:34.820> win 00:06:34.990 --> 00:06:35.000 align:start position:0% you vote the same way as user you win 00:06:35.000 --> 00:06:37.300 align:start position:0% you vote the same way as user you win something<00:06:35.590> otherwise<00:06:36.590> you<00:06:36.830> lose<00:06:36.920> something 00:06:37.300 --> 00:06:37.310 align:start position:0% something otherwise you lose something 00:06:37.310 --> 00:06:41.800 align:start position:0% something otherwise you lose something and<00:06:37.690> if<00:06:38.690> we<00:06:38.870> remove<00:06:39.470> all<00:06:39.890> the<00:06:39.950> latter<00:06:40.730> we<00:06:41.660> can 00:06:41.800 --> 00:06:41.810 align:start position:0% and if we remove all the latter we can 00:06:41.810 --> 00:06:42.670 align:start position:0% and if we remove all the latter we can see<00:06:41.990> a<00:06:42.020> matrix 00:06:42.670 --> 00:06:42.680 align:start position:0% see a matrix 00:06:42.680 --> 00:06:46.030 align:start position:0% see a matrix which<00:06:43.340> is<00:06:43.490> symmetric<00:06:44.090> and<00:06:45.009> from<00:06:46.009> a 00:06:46.030 --> 00:06:46.040 align:start position:0% which is symmetric and from a 00:06:46.040 --> 00:06:48.010 align:start position:0% which is symmetric and from a mathematical<00:06:46.250> standpoint<00:06:46.850> there<00:06:47.780> is<00:06:47.840> no 00:06:48.010 --> 00:06:48.020 align:start position:0% mathematical standpoint there is no 00:06:48.020 --> 00:06:50.860 align:start position:0% mathematical standpoint there is no reason<00:06:48.410> to<00:06:48.530> vote<00:06:48.740> for<00:06:48.800> Bob<00:06:49.220> or<00:06:49.460> for<00:06:49.610> Alice<00:06:49.870> both 00:06:50.860 --> 00:06:50.870 align:start position:0% reason to vote for Bob or for Alice both 00:06:50.870 --> 00:06:53.110 align:start position:0% reason to vote for Bob or for Alice both of<00:06:51.050> them<00:06:51.169> could<00:06:51.380> be<00:06:51.650> seen<00:06:51.860> at<00:06:51.949> the<00:06:52.009> same<00:06:52.160> but 00:06:53.110 --> 00:06:53.120 align:start position:0% of them could be seen at the same but 00:06:53.120 --> 00:06:56.710 align:start position:0% of them could be seen at the same but fortunately<00:06:53.680> we<00:06:54.680> are<00:06:54.710> labeled<00:06:55.130> and<00:06:55.539> in<00:06:56.539> the 00:06:56.710 --> 00:06:56.720 align:start position:0% fortunately we are labeled and in the 00:06:56.720 --> 00:06:59.680 align:start position:0% fortunately we are labeled and in the absence<00:06:57.139> of<00:06:57.289> other<00:06:58.070> factors<00:06:58.580> we<00:06:59.360> have<00:06:59.539> some 00:06:59.680 --> 00:06:59.690 align:start position:0% absence of other factors we have some 00:06:59.690 --> 00:07:02.409 align:start position:0% absence of other factors we have some solution<00:07:00.259> which<00:07:01.009> can<00:07:01.190> emerge<00:07:01.430> which<00:07:02.090> we<00:07:02.210> call 00:07:02.409 --> 00:07:02.419 align:start position:0% solution which can emerge which we call 00:07:02.419 --> 00:07:05.590 align:start position:0% solution which can emerge which we call the<00:07:02.690> the<00:07:02.930> focal<00:07:03.169> point<00:07:03.410> and<00:07:03.620> in<00:07:04.610> this<00:07:04.759> case<00:07:05.030> the 00:07:05.590 --> 00:07:05.600 align:start position:0% the the focal point and in this case the 00:07:05.600 --> 00:07:08.890 align:start position:0% the the focal point and in this case the focal<00:07:05.870> point<00:07:06.110> has<00:07:06.320> to<00:07:06.470> be<00:07:06.500> honesty<00:07:07.479> so<00:07:08.479> why 00:07:08.890 --> 00:07:08.900 align:start position:0% focal point has to be honesty so why 00:07:08.900 --> 00:07:10.600 align:start position:0% focal point has to be honesty so why would<00:07:09.110> you<00:07:09.139> vote<00:07:09.320> honestly<00:07:09.710> because<00:07:10.460> you 00:07:10.600 --> 00:07:10.610 align:start position:0% would you vote honestly because you 00:07:10.610 --> 00:07:12.040 align:start position:0% would you vote honestly because you think<00:07:10.880> that<00:07:11.000> the<00:07:11.090> author<00:07:11.240> will<00:07:11.539> vote<00:07:11.690> honestly 00:07:12.040 --> 00:07:12.050 align:start position:0% think that the author will vote honestly 00:07:12.050 --> 00:07:13.840 align:start position:0% think that the author will vote honestly or<00:07:12.259> perhaps<00:07:12.979> because<00:07:13.220> you<00:07:13.430> think<00:07:13.580> that<00:07:13.759> the 00:07:13.840 --> 00:07:13.850 align:start position:0% or perhaps because you think that the 00:07:13.850 --> 00:07:15.310 align:start position:0% or perhaps because you think that the other<00:07:13.970> thing<00:07:14.210> that's<00:07:14.300> all<00:07:14.509> the<00:07:14.720> think<00:07:14.960> that 00:07:15.310 --> 00:07:15.320 align:start position:0% other thing that's all the think that 00:07:15.320 --> 00:07:16.689 align:start position:0% other thing that's all the think that the<00:07:15.410> read<00:07:15.500> what<00:07:15.620> honestly<00:07:15.800> in<00:07:16.100> practice<00:07:16.490> it 00:07:16.689 --> 00:07:16.699 align:start position:0% the read what honestly in practice it 00:07:16.699 --> 00:07:20.230 align:start position:0% the read what honestly in practice it goes<00:07:16.910> up<00:07:17.030> to<00:07:17.120> three<00:07:17.270> level<00:07:17.539> and<00:07:19.030> that's<00:07:20.030> all<00:07:20.180> we 00:07:20.230 --> 00:07:20.240 align:start position:0% goes up to three level and that's all we 00:07:20.240 --> 00:07:22.870 align:start position:0% goes up to three level and that's all we can<00:07:20.330> get<00:07:20.479> honest<00:07:20.750> weddings<00:07:21.610> they<00:07:22.610> receive 00:07:22.870 --> 00:07:22.880 align:start position:0% can get honest weddings they receive 00:07:22.880 --> 00:07:24.879 align:start position:0% can get honest weddings they receive some<00:07:23.000> attacks<00:07:23.330> one<00:07:23.870> could<00:07:24.050> be<00:07:24.169> okay<00:07:24.440> I<00:07:24.620> bought 00:07:24.879 --> 00:07:24.889 align:start position:0% some attacks one could be okay I bought 00:07:24.889 --> 00:07:27.640 align:start position:0% some attacks one could be okay I bought before<00:07:25.070> everyone<00:07:25.760> else<00:07:25.789> I<00:07:26.240> bought<00:07:26.660> Bob<00:07:26.930> no 00:07:27.640 --> 00:07:27.650 align:start position:0% before everyone else I bought Bob no 00:07:27.650 --> 00:07:29.890 align:start position:0% before everyone else I bought Bob no both<00:07:28.039> of<00:07:28.190> the<00:07:28.280> other<00:07:28.370> parties<00:07:28.850> as<00:07:29.150> I<00:07:29.630> know<00:07:29.780> that 00:07:29.890 --> 00:07:29.900 align:start position:0% both of the other parties as I know that 00:07:29.900 --> 00:07:31.990 align:start position:0% both of the other parties as I know that you<00:07:29.960> exhibit<00:07:30.229> Bob's<00:07:30.680> the<00:07:30.830> acquirement<00:07:31.310> so 00:07:31.990 --> 00:07:32.000 align:start position:0% you exhibit Bob's the acquirement so 00:07:32.000 --> 00:07:34.480 align:start position:0% you exhibit Bob's the acquirement so even<00:07:32.389> if<00:07:32.510> bob<00:07:32.720> is<00:07:33.020> not<00:07:33.470> the<00:07:33.710> honest<00:07:33.979> answer<00:07:34.130> the 00:07:34.480 --> 00:07:34.490 align:start position:0% even if bob is not the honest answer the 00:07:34.490 --> 00:07:38.589 align:start position:0% even if bob is not the honest answer the cool<00:07:34.610> bad<00:07:34.760> Bob<00:07:35.560> so<00:07:36.560> ought<00:07:36.979> to<00:07:37.039> avoid<00:07:37.250> that<00:07:37.610> is 00:07:38.589 --> 00:07:38.599 align:start position:0% cool bad Bob so ought to avoid that is 00:07:38.599 --> 00:07:41.499 align:start position:0% cool bad Bob so ought to avoid that is to<00:07:38.660> use<00:07:39.050> committin<00:07:39.440> Villa<00:07:40.120> so<00:07:41.120> instead<00:07:41.449> of 00:07:41.499 --> 00:07:41.509 align:start position:0% to use committin Villa so instead of 00:07:41.509 --> 00:07:44.560 align:start position:0% to use committin Villa so instead of voting<00:07:41.750> directly<00:07:42.820> you<00:07:43.820> generate<00:07:44.150> your<00:07:44.270> number 00:07:44.560 --> 00:07:44.570 align:start position:0% voting directly you generate your number 00:07:44.570 --> 00:07:48.040 align:start position:0% voting directly you generate your number or<00:07:44.870> wand<00:07:45.110> on<00:07:45.169> one<00:07:45.380> locally<00:07:45.830> and<00:07:46.630> you<00:07:47.630> commit 00:07:48.040 --> 00:07:48.050 align:start position:0% or wand on one locally and you commit 00:07:48.050 --> 00:07:50.820 align:start position:0% or wand on one locally and you commit the<00:07:48.349> ash<00:07:48.470> of<00:07:48.800> this<00:07:49.370> number<00:07:49.699> and<00:07:49.940> you<00:07:50.270> vote<00:07:50.449> and 00:07:50.820 --> 00:07:50.830 align:start position:0% the ash of this number and you vote and 00:07:50.830 --> 00:07:53.830 align:start position:0% the ash of this number and you vote and in<00:07:51.830> the<00:07:51.889> second<00:07:52.130> phase<00:07:52.160> you<00:07:52.669> will<00:07:53.330> reverse<00:07:53.720> the 00:07:53.830 --> 00:07:53.840 align:start position:0% in the second phase you will reverse the 00:07:53.840 --> 00:07:56.920 align:start position:0% in the second phase you will reverse the number<00:07:54.080> your<00:07:54.770> vote<00:07:55.039> and<00:07:55.370> on<00:07:56.300> chain<00:07:56.570> we<00:07:56.810> can 00:07:56.920 --> 00:07:56.930 align:start position:0% number your vote and on chain we can 00:07:56.930 --> 00:07:58.360 align:start position:0% number your vote and on chain we can verify<00:07:57.139> that<00:07:57.380> it<00:07:57.740> was<00:07:57.889> effectively 00:07:58.360 --> 00:07:58.370 align:start position:0% verify that it was effectively 00:07:58.370 --> 00:08:02.290 align:start position:0% verify that it was effectively corresponding<00:07:58.909> to<00:07:59.120> ash<00:07:59.479> is<00:08:00.020> submitted<00:08:01.300> you 00:08:02.290 --> 00:08:02.300 align:start position:0% corresponding to ash is submitted you 00:08:02.300 --> 00:08:04.210 align:start position:0% corresponding to ash is submitted you could<00:08:02.479> say<00:08:03.050> okay<00:08:03.349> I'm<00:08:03.560> gonna<00:08:03.710> review<00:08:04.070> my 00:08:04.210 --> 00:08:04.220 align:start position:0% could say okay I'm gonna review my 00:08:04.220 --> 00:08:06.730 align:start position:0% could say okay I'm gonna review my number<00:08:04.639> and<00:08:04.880> my<00:08:05.270> vote<00:08:05.539> was<00:08:05.720> a<00:08:05.780> party<00:08:06.260> twin<00:08:06.590> free 00:08:06.730 --> 00:08:06.740 align:start position:0% number and my vote was a party twin free 00:08:06.740 --> 00:08:10.029 align:start position:0% number and my vote was a party twin free enzyme<00:08:07.090> so<00:08:08.090> to<00:08:08.150> avoid<00:08:08.570> that<00:08:08.630> we<00:08:09.110> have<00:08:09.919> to 00:08:10.029 --> 00:08:10.039 align:start position:0% enzyme so to avoid that we have to 00:08:10.039 --> 00:08:12.820 align:start position:0% enzyme so to avoid that we have to penalize<00:08:10.340> this<00:08:10.610> behavior<00:08:11.260> so<00:08:12.260> if<00:08:12.590> someone 00:08:12.820 --> 00:08:12.830 align:start position:0% penalize this behavior so if someone 00:08:12.830 --> 00:08:15.670 align:start position:0% penalize this behavior so if someone weevil<00:08:13.300> the<00:08:14.300> number<00:08:14.630> and<00:08:14.900> the<00:08:15.139> vote<00:08:15.440> another 00:08:15.670 --> 00:08:15.680 align:start position:0% weevil the number and the vote another 00:08:15.680 --> 00:08:19.950 align:start position:0% weevil the number and the vote another party<00:08:16.130> this<00:08:16.820> party<00:08:17.409> can<00:08:18.409> show<00:08:18.830> that<00:08:18.979> on<00:08:19.099> Shane 00:08:19.950 --> 00:08:19.960 align:start position:0% party this party can show that on Shane 00:08:19.960 --> 00:08:22.719 align:start position:0% party this party can show that on Shane invalidate<00:08:20.960> the<00:08:21.110> world<00:08:21.349> and<00:08:21.620> still<00:08:22.370> part<00:08:22.639> of 00:08:22.719 --> 00:08:22.729 align:start position:0% invalidate the world and still part of 00:08:22.729 --> 00:08:25.779 align:start position:0% invalidate the world and still part of the<00:08:23.180> coins<00:08:23.440> so<00:08:24.440> this<00:08:24.650> way<00:08:24.860> you<00:08:25.550> can't 00:08:25.779 --> 00:08:25.789 align:start position:0% the coins so this way you can't 00:08:25.789 --> 00:08:28.060 align:start position:0% the coins so this way you can't influence<00:08:26.180> other<00:08:26.510> trust<00:08:27.199> ously<00:08:27.500> you<00:08:27.949> can 00:08:28.060 --> 00:08:28.070 align:start position:0% influence other trust ously you can 00:08:28.070 --> 00:08:29.409 align:start position:0% influence other trust ously you can either<00:08:28.190> say<00:08:28.370> okay<00:08:28.610> I'm<00:08:28.789> gonna<00:08:28.940> vote<00:08:29.060> for<00:08:29.240> Bob 00:08:29.409 --> 00:08:29.419 align:start position:0% either say okay I'm gonna vote for Bob 00:08:29.419 --> 00:08:32.050 align:start position:0% either say okay I'm gonna vote for Bob but<00:08:30.110> I<00:08:30.409> don't<00:08:30.770> prove<00:08:30.949> it<00:08:31.099> I<00:08:31.280> don't<00:08:31.610> show<00:08:31.729> you<00:08:31.760> I 00:08:32.050 --> 00:08:32.060 align:start position:0% but I don't prove it I don't show you I 00:08:32.060 --> 00:08:34.570 align:start position:0% but I don't prove it I don't show you I could<00:08:32.330> be<00:08:32.539> lying<00:08:32.719> or<00:08:33.589> you<00:08:33.800> can<00:08:33.919> say<00:08:34.070> okay<00:08:34.430> I'm 00:08:34.570 --> 00:08:34.580 align:start position:0% could be lying or you can say okay I'm 00:08:34.580 --> 00:08:36.399 align:start position:0% could be lying or you can say okay I'm gonna<00:08:34.729> vote<00:08:34.909> for<00:08:34.969> Bob<00:08:35.330> I<00:08:35.599> show<00:08:35.990> you<00:08:36.020> the<00:08:36.200> proof 00:08:36.399 --> 00:08:36.409 align:start position:0% gonna vote for Bob I show you the proof 00:08:36.409 --> 00:08:40.300 align:start position:0% gonna vote for Bob I show you the proof but<00:08:37.279> now<00:08:37.930> you<00:08:38.930> have<00:08:39.050> the<00:08:39.200> right<00:08:39.380> to<00:08:40.070> see<00:08:40.279> my 00:08:40.300 --> 00:08:40.310 align:start position:0% but now you have the right to see my 00:08:40.310 --> 00:08:43.120 align:start position:0% but now you have the right to see my coin<00:08:40.729> and<00:08:41.029> in<00:08:41.300> village<00:08:41.599> my<00:08:41.750> vote<00:08:41.959> so<00:08:42.890> it<00:08:43.010> not 00:08:43.120 --> 00:08:43.130 align:start position:0% coin and in village my vote so it not 00:08:43.130 --> 00:08:46.769 align:start position:0% coin and in village my vote so it not trust<00:08:43.520> last<00:08:43.729> one<00:08:44.029> way<00:08:44.209> or<00:08:44.420> the<00:08:44.450> other 00:08:46.769 --> 00:08:46.779 align:start position:0% 00:08:46.779 --> 00:08:49.570 align:start position:0% another<00:08:47.779> attack<00:08:48.140> pragmatic<00:08:48.860> will<00:08:49.070> be<00:08:49.220> bribing 00:08:49.570 --> 00:08:49.580 align:start position:0% another attack pragmatic will be bribing 00:08:49.580 --> 00:08:52.569 align:start position:0% another attack pragmatic will be bribing and<00:08:50.380> it's<00:08:51.380> particularly<00:08:51.709> problematic<00:08:51.980> with 00:08:52.569 --> 00:08:52.579 align:start position:0% and it's particularly problematic with 00:08:52.579 --> 00:08:54.970 align:start position:0% and it's particularly problematic with box<00:08:52.940> and<00:08:53.120> smart<00:08:53.420> contract<00:08:53.839> because<00:08:54.709> you<00:08:54.800> can 00:08:54.970 --> 00:08:54.980 align:start position:0% box and smart contract because you can 00:08:54.980 --> 00:08:56.680 align:start position:0% box and smart contract because you can make<00:08:55.160> bribing 00:08:56.680 --> 00:08:56.690 align:start position:0% make bribing 00:08:56.690 --> 00:08:58.750 align:start position:0% make bribing which<00:08:57.230> are<00:08:57.380> trustless<00:08:57.860> which<00:08:58.579> will 00:08:58.750 --> 00:08:58.760 align:start position:0% which are trustless which will 00:08:58.760 --> 00:09:00.880 align:start position:0% which are trustless which will automatically<00:08:59.269> pay<00:08:59.540> the<00:08:59.600> bribe<00:08:59.959> withdraw 00:09:00.880 --> 00:09:00.890 align:start position:0% automatically pay the bribe withdraw 00:09:00.890 --> 00:09:06.220 align:start position:0% automatically pay the bribe withdraw vote<00:09:01.730> the<00:09:02.600> way<00:09:02.750> you<00:09:03.290> you<00:09:03.500> asked<00:09:04.300> so<00:09:05.300> to<00:09:05.990> avoid 00:09:06.220 --> 00:09:06.230 align:start position:0% vote the way you you asked so to avoid 00:09:06.230 --> 00:09:08.519 align:start position:0% vote the way you you asked so to avoid that<00:09:06.290> you<00:09:07.070> need<00:09:07.519> to<00:09:07.700> have<00:09:07.790> an<00:09:07.910> appeal<00:09:08.060> system 00:09:08.519 --> 00:09:08.529 align:start position:0% that you need to have an appeal system 00:09:08.529 --> 00:09:11.800 align:start position:0% that you need to have an appeal system so<00:09:09.529> if<00:09:10.220> someone<00:09:10.519> managed<00:09:10.820> to<00:09:11.060> bribe<00:09:11.329> Jarreau 00:09:11.800 --> 00:09:11.810 align:start position:0% so if someone managed to bribe Jarreau 00:09:11.810 --> 00:09:14.290 align:start position:0% so if someone managed to bribe Jarreau at<00:09:12.079> some<00:09:12.260> level<00:09:12.560> she<00:09:13.490> was<00:09:13.610> the<00:09:13.730> party<00:09:14.149> can 00:09:14.290 --> 00:09:14.300 align:start position:0% at some level she was the party can 00:09:14.300 --> 00:09:18.120 align:start position:0% at some level she was the party can appear<00:09:14.720> and<00:09:15.399> get<00:09:16.399> more<00:09:16.880> and<00:09:17.060> more<00:09:17.149> jurors<00:09:17.450> and 00:09:18.120 --> 00:09:18.130 align:start position:0% appear and get more and more jurors and 00:09:18.130 --> 00:09:20.410 align:start position:0% appear and get more and more jurors and if<00:09:19.130> you<00:09:19.310> are<00:09:19.459> in<00:09:19.670> zone<00:09:19.790> as<00:09:19.970> majority 00:09:20.410 --> 00:09:20.420 align:start position:0% if you are in zone as majority 00:09:20.420 --> 00:09:23.800 align:start position:0% if you are in zone as majority assumption<00:09:20.870> it<00:09:21.649> will<00:09:21.950> be<00:09:22.420> highly<00:09:23.420> more 00:09:23.800 --> 00:09:23.810 align:start position:0% assumption it will be highly more 00:09:23.810 --> 00:09:25.840 align:start position:0% assumption it will be highly more expensive<00:09:24.320> for<00:09:25.010> the<00:09:25.190> dishonest<00:09:25.490> party 00:09:25.840 --> 00:09:25.850 align:start position:0% expensive for the dishonest party 00:09:25.850 --> 00:09:27.610 align:start position:0% expensive for the dishonest party because<00:09:26.300> most<00:09:26.570> of<00:09:26.720> the<00:09:26.930> and<00:09:27.230> most<00:09:27.260> of<00:09:27.529> the 00:09:27.610 --> 00:09:27.620 align:start position:0% because most of the and most of the 00:09:27.620 --> 00:09:30.639 align:start position:0% because most of the and most of the round<00:09:27.800> he<00:09:28.640> will<00:09:28.940> lose<00:09:29.120> and<00:09:29.540> even<00:09:30.140> in<00:09:30.290> the<00:09:30.410> round 00:09:30.639 --> 00:09:30.649 align:start position:0% round he will lose and even in the round 00:09:30.649 --> 00:09:33.069 align:start position:0% round he will lose and even in the round you<00:09:31.040> will<00:09:31.160> win<00:09:31.339> you<00:09:31.970> will<00:09:32.120> also<00:09:32.360> have<00:09:32.750> to<00:09:32.899> pay 00:09:33.069 --> 00:09:33.079 align:start position:0% you will win you will also have to pay 00:09:33.079 --> 00:09:34.900 align:start position:0% you will win you will also have to pay bribe<00:09:33.470> where<00:09:34.070> is<00:09:34.190> the<00:09:34.250> different<00:09:34.550> we<00:09:34.640> just 00:09:34.900 --> 00:09:34.910 align:start position:0% bribe where is the different we just 00:09:34.910 --> 00:09:37.900 align:start position:0% bribe where is the different we just have<00:09:35.029> to<00:09:35.149> pay<00:09:35.360> a<00:09:35.600> peer<00:09:36.290> fees<00:09:36.470> so<00:09:37.279> that<00:09:37.310> gives<00:09:37.700> a 00:09:37.900 --> 00:09:37.910 align:start position:0% have to pay a peer fees so that gives a 00:09:37.910 --> 00:09:41.980 align:start position:0% have to pay a peer fees so that gives a huge<00:09:38.060> advantage<00:09:38.570> to<00:09:38.600> the<00:09:38.870> defender<00:09:40.990> another 00:09:41.980 --> 00:09:41.990 align:start position:0% huge advantage to the defender another 00:09:41.990 --> 00:09:44.440 align:start position:0% huge advantage to the defender another problem<00:09:42.470> which<00:09:42.620> can<00:09:42.740> arise<00:09:42.860> is<00:09:43.430> okay<00:09:43.730> i<00:09:43.760> press 00:09:44.440 --> 00:09:44.450 align:start position:0% problem which can arise is okay i press 00:09:44.450 --> 00:09:48.460 align:start position:0% problem which can arise is okay i press i<00:09:44.570> don't<00:09:44.959> like<00:09:45.380> freelancing<00:09:46.510> dispute<00:09:47.510> I<00:09:47.930> don't 00:09:48.460 --> 00:09:48.470 align:start position:0% i don't like freelancing dispute I don't 00:09:48.470 --> 00:09:50.350 align:start position:0% i don't like freelancing dispute I don't want<00:09:48.620> to<00:09:48.680> arbitrate<00:09:49.010> zhuzh<00:09:49.160> I<00:09:49.430> want<00:09:50.029> win<00:09:50.209> which 00:09:50.350 --> 00:09:50.360 align:start position:0% want to arbitrate zhuzh I want win which 00:09:50.360 --> 00:09:54.699 align:start position:0% want to arbitrate zhuzh I want win which wait<00:09:50.540> insurance<00:09:51.700> so<00:09:52.700> for<00:09:53.420> that<00:09:53.570> we<00:09:54.440> need<00:09:54.470> an 00:09:54.699 --> 00:09:54.709 align:start position:0% wait insurance so for that we need an 00:09:54.709 --> 00:09:57.069 align:start position:0% wait insurance so for that we need an arbor<00:09:54.950> essence<00:09:55.279> of<00:09:55.490> course<00:09:56.269> which<00:09:56.870> are 00:09:57.069 --> 00:09:57.079 align:start position:0% arbor essence of course which are 00:09:57.079 --> 00:09:58.269 align:start position:0% arbor essence of course which are increasingly<00:09:57.589> and<00:09:57.890> increasingly 00:09:58.269 --> 00:09:58.279 align:start position:0% increasingly and increasingly 00:09:58.279 --> 00:10:01.360 align:start position:0% increasingly and increasingly specialized<00:09:58.839> so<00:09:59.839> when<00:10:00.350> you<00:10:00.470> register<00:10:00.589> to<00:10:01.220> be<00:10:01.339> a 00:10:01.360 --> 00:10:01.370 align:start position:0% specialized so when you register to be a 00:10:01.370 --> 00:10:03.819 align:start position:0% specialized so when you register to be a draw<00:10:01.610> you<00:10:02.420> don't<00:10:02.600> reach<00:10:02.750> to<00:10:02.899> the<00:10:03.019> quote<00:10:03.260> you 00:10:03.819 --> 00:10:03.829 align:start position:0% draw you don't reach to the quote you 00:10:03.829 --> 00:10:07.030 align:start position:0% draw you don't reach to the quote you lose<00:10:04.040> a<00:10:04.190> pass<00:10:04.399> to<00:10:05.029> unquote<00:10:05.480> so<00:10:06.260> for<00:10:06.529> chief<00:10:06.740> it's 00:10:07.030 --> 00:10:07.040 align:start position:0% lose a pass to unquote so for chief it's 00:10:07.040 --> 00:10:09.250 align:start position:0% lose a pass to unquote so for chief it's a<00:10:07.160> general<00:10:07.670> ecommerce<00:10:08.089> and<00:10:08.360> financing<00:10:08.779> so<00:10:09.199> we 00:10:09.250 --> 00:10:09.260 align:start position:0% a general ecommerce and financing so we 00:10:09.260 --> 00:10:14.470 align:start position:0% a general ecommerce and financing so we can<00:10:09.410> be<00:10:09.560> drawn<00:10:09.769> in<00:10:09.800> all<00:10:10.100> of<00:10:10.220> these<00:10:13.029> but<00:10:14.029> we<00:10:14.329> can 00:10:14.470 --> 00:10:14.480 align:start position:0% can be drawn in all of these but we can 00:10:14.480 --> 00:10:19.389 align:start position:0% can be drawn in all of these but we can ask<00:10:14.630> ok<00:10:15.730> or<00:10:16.730> do<00:10:17.089> we<00:10:17.180> make<00:10:17.390> Auto<00:10:17.990> quote<00:10:18.339> if<00:10:19.339> you 00:10:19.389 --> 00:10:19.399 align:start position:0% ask ok or do we make Auto quote if you 00:10:19.399 --> 00:10:22.329 align:start position:0% ask ok or do we make Auto quote if you were<00:10:19.790> to<00:10:19.970> let<00:10:20.060> everyone<00:10:20.510> make<00:10:20.899> support<00:10:21.350> that 00:10:22.329 --> 00:10:22.339 align:start position:0% were to let everyone make support that 00:10:22.339 --> 00:10:25.269 align:start position:0% were to let everyone make support that will<00:10:22.610> rapidly<00:10:23.089> and<00:10:23.600> in<00:10:23.930> a<00:10:24.050> mass<00:10:24.230> of<00:10:24.500> support 00:10:25.269 --> 00:10:25.279 align:start position:0% will rapidly and in a mass of support 00:10:25.279 --> 00:10:27.970 align:start position:0% will rapidly and in a mass of support with<00:10:25.699> no<00:10:25.970> clearance<00:10:26.300> so<00:10:27.290> that's<00:10:27.470> why<00:10:27.649> we<00:10:27.829> need 00:10:27.970 --> 00:10:27.980 align:start position:0% with no clearance so that's why we need 00:10:27.980 --> 00:10:30.880 align:start position:0% with no clearance so that's why we need governance<00:10:28.459> and<00:10:29.120> we've<00:10:30.110> seen<00:10:30.350> previous 00:10:30.880 --> 00:10:30.890 align:start position:0% governance and we've seen previous 00:10:30.890 --> 00:10:33.970 align:start position:0% governance and we've seen previous governance<00:10:31.370> system<00:10:31.790> like<00:10:32.480> the<00:10:32.630> Dow<00:10:32.779> that<00:10:33.350> we 00:10:33.970 --> 00:10:33.980 align:start position:0% governance system like the Dow that we 00:10:33.980 --> 00:10:36.699 align:start position:0% governance system like the Dow that we have<00:10:34.070> a<00:10:34.130> huge<00:10:34.279> problem<00:10:34.730> which<00:10:34.970> is<00:10:35.320> most<00:10:36.320> of<00:10:36.560> the 00:10:36.699 --> 00:10:36.709 align:start position:0% have a huge problem which is most of the 00:10:36.709 --> 00:10:40.750 align:start position:0% have a huge problem which is most of the token<00:10:36.980> order<00:10:37.339> they<00:10:37.970> just<00:10:38.209> don't<00:10:38.420> vote<00:10:39.370> so<00:10:40.370> how 00:10:40.750 --> 00:10:40.760 align:start position:0% token order they just don't vote so how 00:10:40.760 --> 00:10:42.220 align:start position:0% token order they just don't vote so how can<00:10:40.880> we<00:10:41.029> count<00:10:41.209> the<00:10:41.420> vote<00:10:41.600> of<00:10:41.839> people<00:10:42.110> who 00:10:42.220 --> 00:10:42.230 align:start position:0% can we count the vote of people who 00:10:42.230 --> 00:10:44.560 align:start position:0% can we count the vote of people who don't<00:10:42.320> want<00:10:42.529> to<00:10:42.560> vote<00:10:42.699> that<00:10:43.699> source<00:10:44.300> will 00:10:44.560 --> 00:10:44.570 align:start position:0% don't want to vote that source will 00:10:44.570 --> 00:10:47.470 align:start position:0% don't want to vote that source will liquid<00:10:44.870> voting<00:10:45.310> so<00:10:46.310> look<00:10:46.610> at<00:10:46.730> voting<00:10:47.089> either 00:10:47.470 --> 00:10:47.480 align:start position:0% liquid voting so look at voting either 00:10:47.480 --> 00:10:50.680 align:start position:0% liquid voting so look at voting either you<00:10:48.230> vote<00:10:48.470> and<00:10:48.769> everything<00:10:49.699> works<00:10:49.940> as<00:10:50.209> if<00:10:50.630> it 00:10:50.680 --> 00:10:50.690 align:start position:0% you vote and everything works as if it 00:10:50.690 --> 00:10:54.180 align:start position:0% you vote and everything works as if it was<00:10:50.899> in<00:10:50.930> direct<00:10:51.230> voting<00:10:51.709> or<00:10:51.980> if<00:10:52.880> you<00:10:53.029> don't<00:10:53.269> and 00:10:54.180 --> 00:10:54.190 align:start position:0% was in direct voting or if you don't and 00:10:54.190 --> 00:10:57.340 align:start position:0% was in direct voting or if you don't and you've<00:10:55.190> designed<00:10:55.670> before<00:10:56.180> a<00:10:56.660> new<00:10:57.140> chosen 00:10:57.340 --> 00:10:57.350 align:start position:0% you've designed before a new chosen 00:10:57.350 --> 00:11:01.960 align:start position:0% you've designed before a new chosen before<00:10:57.880> an<00:10:58.880> adviser<00:10:59.209> you<00:11:00.339> vote<00:11:01.339> the<00:11:01.760> same<00:11:01.910> way 00:11:01.960 --> 00:11:01.970 align:start position:0% before an adviser you vote the same way 00:11:01.970 --> 00:11:06.340 align:start position:0% before an adviser you vote the same way as<00:11:02.329> will<00:11:02.480> adviser<00:11:02.870> and<00:11:03.290> it<00:11:03.980> is<00:11:04.100> adviser<00:11:04.579> as<00:11:05.350> an 00:11:06.340 --> 00:11:06.350 align:start position:0% as will adviser and it is adviser as an 00:11:06.350 --> 00:11:09.010 align:start position:0% as will adviser and it is adviser as an vote<00:11:06.560> but<00:11:07.130> also<00:11:07.310> as<00:11:07.579> an<00:11:07.730> adviser<00:11:08.029> you 00:11:09.010 --> 00:11:09.020 align:start position:0% vote but also as an adviser you 00:11:09.020 --> 00:11:12.190 align:start position:0% vote but also as an adviser you odd<00:11:09.110> as<00:11:09.490> ways<00:11:10.490> advisor<00:11:11.090> of<00:11:11.210> advice<00:11:11.780> or<00:11:11.930> vote 00:11:12.190 --> 00:11:12.200 align:start position:0% odd as ways advisor of advice or vote 00:11:12.200 --> 00:11:14.950 align:start position:0% odd as ways advisor of advice or vote and<00:11:12.500> in<00:11:13.160> can't<00:11:13.430> go<00:11:13.640> to<00:11:14.360> the<00:11:14.420> point<00:11:14.690> that<00:11:14.840> you 00:11:14.950 --> 00:11:14.960 align:start position:0% and in can't go to the point that you 00:11:14.960 --> 00:11:18.660 align:start position:0% and in can't go to the point that you have<00:11:14.990> one<00:11:15.320> party<00:11:15.740> with<00:11:16.430> effectively<00:11:16.940> voting 00:11:18.660 --> 00:11:18.670 align:start position:0% have one party with effectively voting 00:11:18.670 --> 00:11:22.710 align:start position:0% have one party with effectively voting and<00:11:19.670> now<00:11:20.660> we<00:11:21.380> we've<00:11:21.770> seen<00:11:21.800> the<00:11:22.160> website 00:11:22.710 --> 00:11:22.720 align:start position:0% and now we we've seen the website 00:11:22.720 --> 00:11:24.850 align:start position:0% and now we we've seen the website dispute<00:11:23.720> and<00:11:23.870> we<00:11:23.960> see<00:11:24.110> we<00:11:24.230> have<00:11:24.260> done<00:11:24.620> the 00:11:24.850 --> 00:11:24.860 align:start position:0% dispute and we see we have done the 00:11:24.860 --> 00:11:27.900 align:start position:0% dispute and we see we have done the website<00:11:25.160> dispute<00:11:25.520> so<00:11:26.210> why<00:11:26.660> not<00:11:26.840> make<00:11:27.080> a<00:11:27.440> quote 00:11:27.900 --> 00:11:27.910 align:start position:0% website dispute so why not make a quote 00:11:27.910 --> 00:11:33.130 align:start position:0% website dispute so why not make a quote especially<00:11:28.910> Kelly<00:11:29.120> fossils<00:11:31.840> we<00:11:32.840> can<00:11:32.990> also 00:11:33.130 --> 00:11:33.140 align:start position:0% especially Kelly fossils we can also 00:11:33.140 --> 00:11:34.870 align:start position:0% especially Kelly fossils we can also have<00:11:33.320> some<00:11:33.500> other<00:11:33.740> kind<00:11:33.890> of<00:11:33.980> problem<00:11:34.400> which<00:11:34.640> is 00:11:34.870 --> 00:11:34.880 align:start position:0% have some other kind of problem which is 00:11:34.880 --> 00:11:37.900 align:start position:0% have some other kind of problem which is its<00:11:35.690> arbitration<00:11:36.200> it's<00:11:36.830> not<00:11:36.950> just<00:11:37.220> right<00:11:37.580> or 00:11:37.900 --> 00:11:37.910 align:start position:0% its arbitration it's not just right or 00:11:37.910 --> 00:11:41.830 align:start position:0% its arbitration it's not just right or wrong<00:11:38.980> that<00:11:39.980> could<00:11:40.100> be<00:11:40.220> the<00:11:40.340> case<00:11:40.550> for<00:11:40.840> Oracle 00:11:41.830 --> 00:11:41.840 align:start position:0% wrong that could be the case for Oracle 00:11:41.840 --> 00:11:44.320 align:start position:0% wrong that could be the case for Oracle if<00:11:42.500> it's<00:11:42.650> something<00:11:43.010> with<00:11:43.490> the<00:11:43.610> president 00:11:44.320 --> 00:11:44.330 align:start position:0% if it's something with the president 00:11:44.330 --> 00:11:46.180 align:start position:0% if it's something with the president yeah<00:11:44.690> you<00:11:44.960> either<00:11:45.170> lied<00:11:45.500> or<00:11:45.830> you<00:11:45.920> tell<00:11:46.070> the 00:11:46.180 --> 00:11:46.190 align:start position:0% yeah you either lied or you tell the 00:11:46.190 --> 00:11:47.580 align:start position:0% yeah you either lied or you tell the truth<00:11:46.370> that's<00:11:46.880> easy 00:11:47.580 --> 00:11:47.590 align:start position:0% truth that's easy 00:11:47.590 --> 00:11:52.420 align:start position:0% truth that's easy but<00:11:48.590> for<00:11:48.860> for<00:11:49.490> dispute<00:11:49.880> it<00:11:50.840> can<00:11:51.080> be<00:11:51.290> more<00:11:51.980> shady 00:11:52.420 --> 00:11:52.430 align:start position:0% but for for dispute it can be more shady 00:11:52.430 --> 00:11:55.540 align:start position:0% but for for dispute it can be more shady so<00:11:53.120> where<00:11:53.660> do<00:11:53.780> we<00:11:53.810> draw<00:11:53.960> the<00:11:54.050> line<00:11:54.290> if<00:11:55.220> you<00:11:55.370> just 00:11:55.540 --> 00:11:55.550 align:start position:0% so where do we draw the line if you just 00:11:55.550 --> 00:11:57.910 align:start position:0% so where do we draw the line if you just let<00:11:55.760> your<00:11:55.970> vote<00:11:56.330> like<00:11:56.540> that<00:11:56.780> some<00:11:57.440> juror<00:11:57.650> would 00:11:57.910 --> 00:11:57.920 align:start position:0% let your vote like that some juror would 00:11:57.920 --> 00:12:00.670 align:start position:0% let your vote like that some juror would vote<00:11:58.040> honestly<00:11:58.610> but<00:11:59.420> we<00:11:59.690> still<00:11:59.990> consider<00:12:00.230> as 00:12:00.670 --> 00:12:00.680 align:start position:0% vote honestly but we still consider as 00:12:00.680 --> 00:12:03.670 align:start position:0% vote honestly but we still consider as increment<00:12:01.190> so<00:12:02.000> we<00:12:02.120> lose<00:12:02.240> token<00:12:02.750> will<00:12:03.530> be 00:12:03.670 --> 00:12:03.680 align:start position:0% increment so we lose token will be 00:12:03.680 --> 00:12:06.820 align:start position:0% increment so we lose token will be frustrated<00:12:04.270> so<00:12:05.270> to<00:12:05.330> reduce<00:12:05.870> this<00:12:06.380> problem 00:12:06.820 --> 00:12:06.830 align:start position:0% frustrated so to reduce this problem 00:12:06.830 --> 00:12:10.960 align:start position:0% frustrated so to reduce this problem we'll<00:12:07.700> have<00:12:07.910> policies<00:12:08.450> a<00:12:09.070> policy<00:12:10.070> is 00:12:10.960 --> 00:12:10.970 align:start position:0% we'll have policies a policy is 00:12:10.970 --> 00:12:12.610 align:start position:0% we'll have policies a policy is something<00:12:11.450> which<00:12:11.600> look<00:12:11.870> like<00:12:11.900> a<00:12:12.050> law<00:12:12.320> it's 00:12:12.610 --> 00:12:12.620 align:start position:0% something which look like a law it's 00:12:12.620 --> 00:12:14.910 align:start position:0% something which look like a law it's basically<00:12:12.950> a<00:12:13.070> guideline<00:12:13.430> of<00:12:13.670> Oh<00:12:13.940> to<00:12:14.000> arbitrate 00:12:14.910 --> 00:12:14.920 align:start position:0% basically a guideline of Oh to arbitrate 00:12:14.920 --> 00:12:18.790 align:start position:0% basically a guideline of Oh to arbitrate one<00:12:15.920> example<00:12:16.340> of<00:12:16.490> policy<00:12:17.120> will<00:12:17.990> be<00:12:18.170> if<00:12:18.530> you 00:12:18.790 --> 00:12:18.800 align:start position:0% one example of policy will be if you 00:12:18.800 --> 00:12:19.870 align:start position:0% one example of policy will be if you sense 00:12:19.870 --> 00:12:19.880 align:start position:0% sense 00:12:19.880 --> 00:12:22.870 align:start position:0% sense sell<00:12:20.060> some<00:12:20.240> good<00:12:20.860> and<00:12:21.860> you<00:12:22.460> sell<00:12:22.670> it<00:12:22.760> at 00:12:22.870 --> 00:12:22.880 align:start position:0% sell some good and you sell it at 00:12:22.880 --> 00:12:25.540 align:start position:0% sell some good and you sell it at distance<00:12:23.270> and<00:12:23.990> it's<00:12:24.470> worth<00:12:24.680> more<00:12:25.220> than<00:12:25.400> one 00:12:25.540 --> 00:12:25.550 align:start position:0% distance and it's worth more than one 00:12:25.550 --> 00:12:28.150 align:start position:0% distance and it's worth more than one issue<00:12:25.730> and<00:12:26.150> you<00:12:26.720> don't<00:12:26.990> use<00:12:27.320> track<00:12:27.710> shipment 00:12:28.150 --> 00:12:28.160 align:start position:0% issue and you don't use track shipment 00:12:28.160 --> 00:12:32.710 align:start position:0% issue and you don't use track shipment and<00:12:29.290> buy<00:12:30.290> a<00:12:30.320> claim<00:12:30.740> he<00:12:31.070> has<00:12:31.160> not<00:12:31.310> receive<00:12:31.610> it<00:12:31.760> we 00:12:32.710 --> 00:12:32.720 align:start position:0% and buy a claim he has not receive it we 00:12:32.720 --> 00:12:34.420 align:start position:0% and buy a claim he has not receive it we assume<00:12:33.080> that<00:12:33.110> the<00:12:33.380> buyer<00:12:33.560> has<00:12:33.860> not<00:12:34.010> receive<00:12:34.310> it 00:12:34.420 --> 00:12:34.430 align:start position:0% assume that the buyer has not receive it 00:12:34.430 --> 00:12:37.720 align:start position:0% assume that the buyer has not receive it so<00:12:35.090> the<00:12:35.240> one<00:12:35.450> issue<00:12:35.690> some<00:12:36.080> parcels<00:12:36.440> I<00:12:36.620> know<00:12:36.800> we 00:12:37.720 --> 00:12:37.730 align:start position:0% so the one issue some parcels I know we 00:12:37.730 --> 00:12:39.700 align:start position:0% so the one issue some parcels I know we could<00:12:37.880> do<00:12:38.000> that<00:12:38.030> follows<00:12:38.420> your<00:12:38.540> point<00:12:38.780> one<00:12:39.020> one 00:12:39.700 --> 00:12:39.710 align:start position:0% could do that follows your point one one 00:12:39.710 --> 00:12:43.950 align:start position:0% could do that follows your point one one four<00:12:39.950> ten<00:12:40.660> and<00:12:41.680> it<00:12:42.680> may<00:12:42.890> not<00:12:43.070> be<00:12:43.130> consensual 00:12:43.950 --> 00:12:43.960 align:start position:0% four ten and it may not be consensual 00:12:43.960 --> 00:12:47.140 align:start position:0% four ten and it may not be consensual between<00:12:44.960> the<00:12:45.080> juror<00:12:45.260> so<00:12:46.220> for<00:12:46.460> them<00:12:46.670> to<00:12:46.940> know 00:12:47.140 --> 00:12:47.150 align:start position:0% between the juror so for them to know 00:12:47.150 --> 00:12:49.060 align:start position:0% between the juror so for them to know all<00:12:47.450> the<00:12:47.750> should<00:12:47.990> rule<00:12:48.200> should<00:12:48.950> have 00:12:49.060 --> 00:12:49.070 align:start position:0% all the should rule should have 00:12:49.070 --> 00:12:50.830 align:start position:0% all the should rule should have guideline<00:12:49.490> which<00:12:50.030> can<00:12:50.210> be<00:12:50.360> bought<00:12:50.540> through 00:12:50.830 --> 00:12:50.840 align:start position:0% guideline which can be bought through 00:12:50.840 --> 00:12:55.060 align:start position:0% guideline which can be bought through governance<00:12:52.750> another<00:12:53.750> problem<00:12:54.170> is<00:12:54.440> the<00:12:54.560> 51% 00:12:55.060 --> 00:12:55.070 align:start position:0% governance another problem is the 51% 00:12:55.070 --> 00:12:55.800 align:start position:0% governance another problem is the 51% attack 00:12:55.800 --> 00:12:55.810 align:start position:0% attack 00:12:55.810 --> 00:12:59.440 align:start position:0% attack what<00:12:56.810> if<00:12:57.020> someone<00:12:57.470> buys<00:12:57.880> more<00:12:58.880> than<00:12:59.060> half<00:12:59.300> of 00:12:59.440 --> 00:12:59.450 align:start position:0% what if someone buys more than half of 00:12:59.450 --> 00:13:02.260 align:start position:0% what if someone buys more than half of the<00:12:59.630> coin<00:13:00.130> and<00:13:01.130> keep<00:13:01.520> forgiving<00:13:02.000> the<00:13:02.120> nice 00:13:02.260 --> 00:13:02.270 align:start position:0% the coin and keep forgiving the nice 00:13:02.270 --> 00:13:05.830 align:start position:0% the coin and keep forgiving the nice rolling<00:13:02.770> accepting<00:13:03.770> bribe<00:13:04.210> that<00:13:05.210> will<00:13:05.390> pose<00:13:05.600> a 00:13:05.830 --> 00:13:05.840 align:start position:0% rolling accepting bribe that will pose a 00:13:05.840 --> 00:13:09.550 align:start position:0% rolling accepting bribe that will pose a huge<00:13:06.080> problem<00:13:07.630> that's<00:13:08.630> also<00:13:08.960> why<00:13:09.110> we<00:13:09.410> need 00:13:09.550 --> 00:13:09.560 align:start position:0% huge problem that's also why we need 00:13:09.560 --> 00:13:12.790 align:start position:0% huge problem that's also why we need some<00:13:09.860> specific<00:13:10.040> coin<00:13:10.460> because<00:13:11.390> buying<00:13:11.900> half 00:13:12.790 --> 00:13:12.800 align:start position:0% some specific coin because buying half 00:13:12.800 --> 00:13:14.800 align:start position:0% some specific coin because buying half of<00:13:13.010> the<00:13:13.160> coin<00:13:13.370> of<00:13:13.700> Cairo's 00:13:14.800 --> 00:13:14.810 align:start position:0% of the coin of Cairo's 00:13:14.810 --> 00:13:17.770 align:start position:0% of the coin of Cairo's would<00:13:15.470> be<00:13:15.620> way<00:13:15.830> more<00:13:15.860> expensive<00:13:16.610> as<00:13:16.910> buying 00:13:17.770 --> 00:13:17.780 align:start position:0% would be way more expensive as buying 00:13:17.780 --> 00:13:19.870 align:start position:0% would be way more expensive as buying half<00:13:18.110> of<00:13:18.440> the<00:13:18.530> issue<00:13:18.710> which<00:13:19.220> will<00:13:19.400> be<00:13:19.520> used<00:13:19.700> in 00:13:19.870 --> 00:13:19.880 align:start position:0% half of the issue which will be used in 00:13:19.880 --> 00:13:22.210 align:start position:0% half of the issue which will be used in trials<00:13:20.240> because<00:13:21.230> of<00:13:21.440> market<00:13:21.770> death 00:13:22.210 --> 00:13:22.220 align:start position:0% trials because of market death 00:13:22.220 --> 00:13:24.670 align:start position:0% trials because of market death if<00:13:22.910> you<00:13:23.089> want<00:13:23.269> to<00:13:23.389> buy<00:13:23.540> alpha<00:13:23.990> of<00:13:24.050> the<00:13:24.170> coin<00:13:24.410> of 00:13:24.670 --> 00:13:24.680 align:start position:0% if you want to buy alpha of the coin of 00:13:24.680 --> 00:13:28.059 align:start position:0% if you want to buy alpha of the coin of a<00:13:25.279> one<00:13:25.610> coin<00:13:25.819> type<00:13:26.139> you<00:13:27.139> don't<00:13:27.709> just<00:13:27.889> have<00:13:28.040> to 00:13:28.059 --> 00:13:28.069 align:start position:0% a one coin type you don't just have to 00:13:28.069 --> 00:13:30.280 align:start position:0% a one coin type you don't just have to pay<00:13:28.370> for<00:13:28.610> alpha<00:13:29.000> of<00:13:29.060> the<00:13:29.149> market<00:13:29.480> cap<00:13:29.690> because 00:13:30.280 --> 00:13:30.290 align:start position:0% pay for alpha of the market cap because 00:13:30.290 --> 00:13:31.930 align:start position:0% pay for alpha of the market cap because okay<00:13:30.620> the<00:13:30.769> first<00:13:30.920> seller<00:13:31.220> you<00:13:31.399> pay<00:13:31.550> the<00:13:31.730> market 00:13:31.930 --> 00:13:31.940 align:start position:0% okay the first seller you pay the market 00:13:31.940 --> 00:13:34.449 align:start position:0% okay the first seller you pay the market price<00:13:32.089> but<00:13:32.690> you<00:13:33.319> rapidly<00:13:33.740> run<00:13:34.040> out<00:13:34.160> of<00:13:34.190> seller 00:13:34.449 --> 00:13:34.459 align:start position:0% price but you rapidly run out of seller 00:13:34.459 --> 00:13:36.300 align:start position:0% price but you rapidly run out of seller at<00:13:34.610> market<00:13:34.880> price<00:13:35.120> as<00:13:35.420> the<00:13:35.810> price<00:13:36.019> increases 00:13:36.300 --> 00:13:36.310 align:start position:0% at market price as the price increases 00:13:36.310 --> 00:13:40.480 align:start position:0% at market price as the price increases so<00:13:37.310> perhaps<00:13:38.060> even<00:13:38.329> with<00:13:38.720> a<00:13:39.190> value<00:13:40.190> which<00:13:40.459> is 00:13:40.480 --> 00:13:40.490 align:start position:0% so perhaps even with a value which is 00:13:40.490 --> 00:13:43.509 align:start position:0% so perhaps even with a value which is higher<00:13:40.970> than<00:13:41.470> the<00:13:42.470> market<00:13:42.920> cap<00:13:43.130> you<00:13:43.279> might<00:13:43.399> not 00:13:43.509 --> 00:13:43.519 align:start position:0% higher than the market cap you might not 00:13:43.519 --> 00:13:47.410 align:start position:0% higher than the market cap you might not even<00:13:43.550> be<00:13:43.880> able<00:13:43.970> to<00:13:44.120> buy<00:13:44.389> alpha<00:13:44.959> Xu's<00:13:46.420> moreover 00:13:47.410 --> 00:13:47.420 align:start position:0% even be able to buy alpha Xu's moreover 00:13:47.420 --> 00:13:50.139 align:start position:0% even be able to buy alpha Xu's moreover if<00:13:48.050> you<00:13:48.139> wise<00:13:48.470> whose<00:13:48.769> coin<00:13:49.040> you<00:13:49.850> do<00:13:50.000> some 00:13:50.139 --> 00:13:50.149 align:start position:0% if you wise whose coin you do some 00:13:50.149 --> 00:13:53.170 align:start position:0% if you wise whose coin you do some attack<00:13:50.509> and<00:13:51.250> you<00:13:52.250> accept<00:13:52.730> bribe<00:13:52.910> you're 00:13:53.170 --> 00:13:53.180 align:start position:0% attack and you accept bribe you're 00:13:53.180 --> 00:13:55.930 align:start position:0% attack and you accept bribe you're dishonest<00:13:53.500> well<00:13:54.500> you<00:13:55.250> end<00:13:55.430> up<00:13:55.579> with<00:13:55.699> a<00:13:55.730> design 00:13:55.930 --> 00:13:55.940 align:start position:0% dishonest well you end up with a design 00:13:55.940 --> 00:13:58.809 align:start position:0% dishonest well you end up with a design escort<00:13:56.300> and<00:13:56.600> we<00:13:57.500> want<00:13:57.829> is<00:13:58.130> dispute<00:13:58.579> to<00:13:58.699> be 00:13:58.809 --> 00:13:58.819 align:start position:0% escort and we want is dispute to be 00:13:58.819 --> 00:14:02.189 align:start position:0% escort and we want is dispute to be arbitrated<00:13:59.209> by<00:13:59.360> your<00:13:59.600> design<00:13:59.810> escort<00:14:00.819> no<00:14:01.819> one 00:14:02.189 --> 00:14:02.199 align:start position:0% arbitrated by your design escort no one 00:14:02.199 --> 00:14:05.139 align:start position:0% arbitrated by your design escort no one so<00:14:03.199> your<00:14:03.620> token<00:14:03.920> will<00:14:04.100> rapidly<00:14:04.699> become 00:14:05.139 --> 00:14:05.149 align:start position:0% so your token will rapidly become 00:14:05.149 --> 00:14:09.100 align:start position:0% so your token will rapidly become worthless<00:14:06.279> you<00:14:07.279> can<00:14:07.459> fall<00:14:07.670> hit<00:14:07.880> even<00:14:08.029> and<00:14:08.360> make 00:14:09.100 --> 00:14:09.110 align:start position:0% worthless you can fall hit even and make 00:14:09.110 --> 00:14:11.949 align:start position:0% worthless you can fall hit even and make another<00:14:09.440> quote<00:14:09.740> with<00:14:09.920> only<00:14:10.250> honest<00:14:10.519> party<00:14:10.959> but 00:14:11.949 --> 00:14:11.959 align:start position:0% another quote with only honest party but 00:14:11.959 --> 00:14:14.230 align:start position:0% another quote with only honest party but even<00:14:12.259> in<00:14:12.350> that<00:14:12.529> they<00:14:12.680> receive<00:14:12.949> a<00:14:12.980> catch<00:14:13.240> which 00:14:14.230 --> 00:14:14.240 align:start position:0% even in that they receive a catch which 00:14:14.240 --> 00:14:16.139 align:start position:0% even in that they receive a catch which is<00:14:14.420> a<00:14:14.449> contract<00:14:14.959> which<00:14:15.230> were<00:14:15.380> created<00:14:15.560> before 00:14:16.139 --> 00:14:16.149 align:start position:0% is a contract which were created before 00:14:16.149 --> 00:14:18.610 align:start position:0% is a contract which were created before they<00:14:17.149> don't<00:14:17.480> know<00:14:17.720> the<00:14:17.959> cool<00:14:18.139> become<00:14:18.470> is 00:14:18.610 --> 00:14:18.620 align:start position:0% they don't know the cool become is 00:14:18.620 --> 00:14:19.809 align:start position:0% they don't know the cool become is dishonest<00:14:19.069> they<00:14:19.250> don't<00:14:19.459> know<00:14:19.550> that<00:14:19.730> they<00:14:19.790> have 00:14:19.809 --> 00:14:19.819 align:start position:0% dishonest they don't know that they have 00:14:19.819 --> 00:14:21.610 align:start position:0% dishonest they don't know that they have to<00:14:20.120> update<00:14:20.480> to<00:14:20.509> a<00:14:20.690> new<00:14:20.870> quote<00:14:21.110> and<00:14:21.290> a<00:14:21.319> new<00:14:21.440> token 00:14:21.610 --> 00:14:21.620 align:start position:0% to update to a new quote and a new token 00:14:21.620 --> 00:14:25.120 align:start position:0% to update to a new quote and a new token and<00:14:22.069> they<00:14:23.000> will<00:14:23.209> still<00:14:23.569> be<00:14:23.829> under<00:14:24.829> the 00:14:25.120 --> 00:14:25.130 align:start position:0% and they will still be under the 00:14:25.130 --> 00:14:28.480 align:start position:0% and they will still be under the arbitration<00:14:26.029> of<00:14:26.240> the<00:14:26.720> dishonest<00:14:27.110> code<00:14:27.490> but 00:14:28.480 --> 00:14:28.490 align:start position:0% arbitration of the dishonest code but 00:14:28.490 --> 00:14:30.220 align:start position:0% arbitration of the dishonest code but one<00:14:28.730> could<00:14:28.939> argue<00:14:29.089> that<00:14:29.389> it's<00:14:29.630> the<00:14:29.689> same<00:14:29.930> with 00:14:30.220 --> 00:14:30.230 align:start position:0% one could argue that it's the same with 00:14:30.230 --> 00:14:33.579 align:start position:0% one could argue that it's the same with ischium<00:14:31.209> and<00:14:32.209> connected<00:14:33.019> object 00:14:33.579 --> 00:14:33.589 align:start position:0% ischium and connected object 00:14:33.589 --> 00:14:36.340 align:start position:0% ischium and connected object Dakshina<00:14:34.040> where<00:14:34.279> if<00:14:35.180> someone<00:14:35.540> buy<00:14:35.810> our<00:14:36.170> fuzzy 00:14:36.340 --> 00:14:36.350 align:start position:0% Dakshina where if someone buy our fuzzy 00:14:36.350 --> 00:14:40.090 align:start position:0% Dakshina where if someone buy our fuzzy sir<00:14:36.800> and<00:14:38.079> she<00:14:39.079> Trump's<00:14:39.350> an<00:14:39.439> attack 00:14:40.090 --> 00:14:40.100 align:start position:0% sir and she Trump's an attack 00:14:40.100 --> 00:14:42.670 align:start position:0% sir and she Trump's an attack all<00:14:40.819> these<00:14:41.149> you<00:14:41.240> object<00:14:41.630> relying<00:14:42.470> on 00:14:42.670 --> 00:14:42.680 align:start position:0% all these you object relying on 00:14:42.680 --> 00:14:43.900 align:start position:0% all these you object relying on blockchain<00:14:42.920> they<00:14:43.279> don't<00:14:43.490> know<00:14:43.579> there<00:14:43.759> is<00:14:43.850> an 00:14:43.900 --> 00:14:43.910 align:start position:0% blockchain they don't know there is an 00:14:43.910 --> 00:14:46.900 align:start position:0% blockchain they don't know there is an attack<00:14:44.149> and<00:14:44.420> they<00:14:44.930> will<00:14:45.110> sit<00:14:45.319> behave<00:14:45.759> the<00:14:46.759> way 00:14:46.900 --> 00:14:46.910 align:start position:0% attack and they will sit behave the way 00:14:46.910 --> 00:14:54.100 align:start position:0% attack and they will sit behave the way the<00:14:47.569> attack<00:14:47.899> chain<00:14:48.110> is<00:14:48.380> behaving<00:14:50.589> and<00:14:53.050> in<00:14:54.050> the 00:14:54.100 --> 00:14:54.110 align:start position:0% the attack chain is behaving and in the 00:14:54.110 --> 00:14:55.420 align:start position:0% the attack chain is behaving and in the first<00:14:54.290> type<00:14:54.470> I've<00:14:54.680> shown<00:14:54.920> you<00:14:54.949> some<00:14:55.250> really 00:14:55.420 --> 00:14:55.430 align:start position:0% first type I've shown you some really 00:14:55.430 --> 00:14:57.490 align:start position:0% first type I've shown you some really simplified<00:14:56.000> version<00:14:56.569> of<00:14:56.600> what<00:14:56.810> the<00:14:57.079> incentive 00:14:57.490 --> 00:14:57.500 align:start position:0% simplified version of what the incentive 00:14:57.500 --> 00:15:00.490 align:start position:0% simplified version of what the incentive could<00:14:57.680> look<00:14:57.800> like<00:14:57.880> but<00:14:58.880> in<00:14:59.029> practice<00:14:59.449> it's<00:14:59.930> way 00:15:00.490 --> 00:15:00.500 align:start position:0% could look like but in practice it's way 00:15:00.500 --> 00:15:03.939 align:start position:0% could look like but in practice it's way more<00:15:00.529> complicated<00:15:01.839> so<00:15:02.839> you<00:15:03.350> have<00:15:03.560> some<00:15:03.740> part 00:15:03.939 --> 00:15:03.949 align:start position:0% more complicated so you have some part 00:15:03.949 --> 00:15:06.009 align:start position:0% more complicated so you have some part which<00:15:04.160> is<00:15:04.189> a<00:15:04.370> token<00:15:04.670> or<00:15:04.699> distribution<00:15:05.300> voting 00:15:06.009 --> 00:15:06.019 align:start position:0% which is a token or distribution voting 00:15:06.019 --> 00:15:08.970 align:start position:0% which is a token or distribution voting the<00:15:06.170> same<00:15:06.199> way<00:15:06.470> as<00:15:06.620> the<00:15:06.740> other<00:15:07.149> we<00:15:08.149> also<00:15:08.300> have 00:15:08.970 --> 00:15:08.980 align:start position:0% the same way as the other we also have 00:15:08.980 --> 00:15:13.030 align:start position:0% the same way as the other we also have the<00:15:09.980> honesty<00:15:10.519> of<00:15:10.730> the<00:15:10.970> decision<00:15:11.800> because<00:15:12.800> if 00:15:13.030 --> 00:15:13.040 align:start position:0% the honesty of the decision because if 00:15:13.040 --> 00:15:15.509 align:start position:0% the honesty of the decision because if the<00:15:13.160> quote<00:15:13.370> given<00:15:13.730> a<00:15:13.759> decision<00:15:14.300> your<00:15:14.959> tokens 00:15:15.509 --> 00:15:15.519 align:start position:0% the quote given a decision your tokens 00:15:15.519 --> 00:15:17.980 align:start position:0% the quote given a decision your tokens autocannons<00:15:16.519> quote<00:15:16.850> and<00:15:17.149> unicode<00:15:17.779> is 00:15:17.980 --> 00:15:17.990 align:start position:0% autocannons quote and unicode is 00:15:17.990 --> 00:15:19.929 align:start position:0% autocannons quote and unicode is variable<00:15:18.470> so<00:15:19.040> the<00:15:19.160> value<00:15:19.459> of<00:15:19.490> you<00:15:19.639> two<00:15:19.790> can 00:15:19.929 --> 00:15:19.939 align:start position:0% variable so the value of you two can 00:15:19.939 --> 00:15:22.379 align:start position:0% variable so the value of you two can increase<00:15:20.240> a<00:15:20.269> bit<00:15:20.420> and<00:15:20.720> it's<00:15:21.110> a<00:15:21.170> cool<00:15:21.350> givenness 00:15:22.379 --> 00:15:22.389 align:start position:0% increase a bit and it's a cool givenness 00:15:22.389 --> 00:15:24.519 align:start position:0% increase a bit and it's a cool givenness ruling<00:15:23.389> your<00:15:23.870> value 00:15:24.519 --> 00:15:24.529 align:start position:0% ruling your value 00:15:24.529 --> 00:15:26.499 align:start position:0% ruling your value decrease<00:15:25.069> abit<00:15:25.339> and<00:15:25.519> since<00:15:26.089> you're<00:15:26.180> talking<00:15:26.420> a 00:15:26.499 --> 00:15:26.509 align:start position:0% decrease abit and since you're talking a 00:15:26.509 --> 00:15:29.800 align:start position:0% decrease abit and since you're talking a lot<00:15:26.540> during<00:15:27.519> treated<00:15:28.519> cases<00:15:28.970> you<00:15:29.449> have<00:15:29.569> no<00:15:29.689> way 00:15:29.800 --> 00:15:29.810 align:start position:0% lot during treated cases you have no way 00:15:29.810 --> 00:15:32.740 align:start position:0% lot during treated cases you have no way to<00:15:29.870> sell<00:15:30.170> them<00:15:30.350> before<00:15:31.329> when<00:15:32.329> we<00:15:32.480> listen<00:15:32.720> to 00:15:32.740 --> 00:15:32.750 align:start position:0% to sell them before when we listen to 00:15:32.750 --> 00:15:35.530 align:start position:0% to sell them before when we listen to catch<00:15:33.079> into<00:15:33.589> all<00:15:33.649> the<00:15:33.769> sense<00:15:34.010> which<00:15:34.250> is 00:15:35.530 --> 00:15:35.540 align:start position:0% catch into all the sense which is 00:15:35.540 --> 00:15:37.660 align:start position:0% catch into all the sense which is not<00:15:35.720> a<00:15:35.750> computer<00:15:36.079> you<00:15:36.889> can't<00:15:37.130> just<00:15:37.310> like<00:15:37.459> get 00:15:37.660 --> 00:15:37.670 align:start position:0% not a computer you can't just like get 00:15:37.670 --> 00:15:40.210 align:start position:0% not a computer you can't just like get evidence<00:15:38.110> process<00:15:39.110> them<00:15:39.320> in<00:15:39.440> one<00:15:39.620> microsecond 00:15:40.210 --> 00:15:40.220 align:start position:0% evidence process them in one microsecond 00:15:40.220 --> 00:15:41.410 align:start position:0% evidence process them in one microsecond and<00:15:40.579> give<00:15:40.880> a<00:15:40.970> ruling 00:15:41.410 --> 00:15:41.420 align:start position:0% and give a ruling 00:15:41.420 --> 00:15:43.629 align:start position:0% and give a ruling it<00:15:41.750> actually<00:15:42.019> takes<00:15:42.380> times<00:15:42.709> you<00:15:43.040> have<00:15:43.160> to<00:15:43.339> look 00:15:43.629 --> 00:15:43.639 align:start position:0% it actually takes times you have to look 00:15:43.639 --> 00:15:47.590 align:start position:0% it actually takes times you have to look at<00:15:43.820> a<00:15:44.389> paper<00:15:45.110> wall<00:15:45.470> cut<00:15:45.800> images<00:15:46.310> at<00:15:47.060> argument 00:15:47.590 --> 00:15:47.600 align:start position:0% at a paper wall cut images at argument 00:15:47.600 --> 00:15:51.519 align:start position:0% at a paper wall cut images at argument of<00:15:47.720> parties<00:15:49.240> yeah<00:15:50.269> time<00:15:50.540> is<00:15:50.690> money<00:15:50.810> so<00:15:51.259> it<00:15:51.380> has 00:15:51.519 --> 00:15:51.529 align:start position:0% of parties yeah time is money so it has 00:15:51.529 --> 00:15:54.370 align:start position:0% of parties yeah time is money so it has a<00:15:51.560> cost<00:15:51.800> for<00:15:52.040> you<00:15:52.160> so<00:15:53.029> you<00:15:53.120> could<00:15:53.420> you<00:15:53.930> say<00:15:54.110> okay 00:15:54.370 --> 00:15:54.380 align:start position:0% a cost for you so you could you say okay 00:15:54.380 --> 00:15:56.139 align:start position:0% a cost for you so you could you say okay you<00:15:54.470> know<00:15:54.589> that's<00:15:54.860> may<00:15:55.220> not<00:15:55.399> be<00:15:55.519> worth<00:15:55.699> it<00:15:55.880> I 00:15:56.139 --> 00:15:56.149 align:start position:0% you know that's may not be worth it I 00:15:56.149 --> 00:15:59.680 align:start position:0% you know that's may not be worth it I will<00:15:56.720> just<00:15:56.750> watch<00:15:57.380> randomly<00:15:58.149> to<00:15:59.149> get<00:15:59.329> the<00:15:59.449> fees 00:15:59.680 --> 00:15:59.690 align:start position:0% will just watch randomly to get the fees 00:15:59.690 --> 00:16:04.689 align:start position:0% will just watch randomly to get the fees so<00:16:01.089> depending<00:16:02.089> to<00:16:02.329> the<00:16:02.750> value<00:16:03.199> of<00:16:03.490> all<00:16:04.490> this 00:16:04.689 --> 00:16:04.699 align:start position:0% so depending to the value of all this 00:16:04.699 --> 00:16:07.920 align:start position:0% so depending to the value of all this variable<00:16:05.240> in<00:16:05.420> the<00:16:05.540> incentives<00:16:06.310> we<00:16:07.310> can<00:16:07.459> have 00:16:07.920 --> 00:16:07.930 align:start position:0% variable in the incentives we can have 00:16:07.930 --> 00:16:13.180 align:start position:0% variable in the incentives we can have multiple<00:16:09.130> multiple<00:16:10.130> point<00:16:11.410> where<00:16:12.410> party 00:16:13.180 --> 00:16:13.190 align:start position:0% multiple multiple point where party 00:16:13.190 --> 00:16:16.499 align:start position:0% multiple multiple point where party could<00:16:13.459> always<00:16:13.699> vote<00:16:14.089> this<00:16:14.300> way<00:16:14.569> and<00:16:14.839> each<00:16:15.800> one 00:16:16.499 --> 00:16:16.509 align:start position:0% could always vote this way and each one 00:16:16.509 --> 00:16:20.350 align:start position:0% could always vote this way and each one will<00:16:17.509> be<00:16:17.569> as<00:16:18.110> current<00:16:18.649> as<00:16:18.920> the<00:16:19.550> other<00:16:19.699> but<00:16:20.120> some 00:16:20.350 --> 00:16:20.360 align:start position:0% will be as current as the other but some 00:16:20.360 --> 00:16:23.379 align:start position:0% will be as current as the other but some would<00:16:20.540> lead<00:16:21.170> to<00:16:21.199> his<00:16:21.740> own<00:16:21.829> escort<00:16:22.160> some<00:16:23.149> will 00:16:23.379 --> 00:16:23.389 align:start position:0% would lead to his own escort some will 00:16:23.389 --> 00:16:26.769 align:start position:0% would lead to his own escort some will lead<00:16:23.600> to<00:16:23.990> honest<00:16:24.290> one<00:16:24.500> and<00:16:25.149> some<00:16:26.149> will<00:16:26.329> lead<00:16:26.540> to 00:16:26.769 --> 00:16:26.779 align:start position:0% lead to honest one and some will lead to 00:16:26.779 --> 00:16:32.199 align:start position:0% lead to honest one and some will lead to quote<00:16:27.050> just<00:16:27.860> giving<00:16:28.459> random<00:16:29.360> results<00:16:30.910> so<00:16:31.910> what 00:16:32.199 --> 00:16:32.209 align:start position:0% quote just giving random results so what 00:16:32.209 --> 00:16:34.540 align:start position:0% quote just giving random results so what we<00:16:32.420> call<00:16:32.630> juice<00:16:32.870> its<00:16:33.380> Nash<00:16:33.709> equilibrium 00:16:34.540 --> 00:16:34.550 align:start position:0% we call juice its Nash equilibrium 00:16:34.550 --> 00:16:38.139 align:start position:0% we call juice its Nash equilibrium it's<00:16:35.480> a<00:16:35.899> Nash<00:16:36.589> equilibrium<00:16:36.670> when<00:16:37.670> everyone 00:16:38.139 --> 00:16:38.149 align:start position:0% it's a Nash equilibrium when everyone 00:16:38.149 --> 00:16:41.100 align:start position:0% it's a Nash equilibrium when everyone strategy<00:16:38.720> is<00:16:39.589> in<00:16:39.769> such<00:16:40.040> a<00:16:40.069> way<00:16:40.310> that<00:16:40.339> after 00:16:41.100 --> 00:16:41.110 align:start position:0% strategy is in such a way that after 00:16:41.110 --> 00:16:43.960 align:start position:0% strategy is in such a way that after everyone<00:16:42.110> knows<00:16:42.350> everyone<00:16:42.680> a<00:16:42.889> strategy<00:16:43.310> no 00:16:43.960 --> 00:16:43.970 align:start position:0% everyone knows everyone a strategy no 00:16:43.970 --> 00:16:48.400 align:start position:0% everyone knows everyone a strategy no one<00:16:44.149> regret<00:16:44.630> is<00:16:44.870> own<00:16:45.050> strategy<00:16:45.620> and<00:16:47.410> changing 00:16:48.400 --> 00:16:48.410 align:start position:0% one regret is own strategy and changing 00:16:48.410 --> 00:16:50.800 align:start position:0% one regret is own strategy and changing from<00:16:48.560> one<00:16:48.740> strategy<00:16:48.920> to<00:16:49.190> another<00:16:49.630> does<00:16:50.630> not 00:16:50.800 --> 00:16:50.810 align:start position:0% from one strategy to another does not 00:16:50.810 --> 00:16:53.230 align:start position:0% from one strategy to another does not have<00:16:51.050> lot<00:16:51.949> of<00:16:52.069> sense<00:16:52.310> if<00:16:52.610> you<00:16:52.760> don't<00:16:52.790> think 00:16:53.230 --> 00:16:53.240 align:start position:0% have lot of sense if you don't think 00:16:53.240 --> 00:16:55.059 align:start position:0% have lot of sense if you don't think that<00:16:53.300> the<00:16:53.420> other<00:16:53.569> party<00:16:54.110> also<00:16:54.380> gonna<00:16:54.709> change 00:16:55.059 --> 00:16:55.069 align:start position:0% that the other party also gonna change 00:16:55.069 --> 00:16:57.160 align:start position:0% that the other party also gonna change your<00:16:55.190> strategy<00:16:55.600> so<00:16:56.600> that's<00:16:56.750> why<00:16:56.870> it's<00:16:57.079> really 00:16:57.160 --> 00:16:57.170 align:start position:0% your strategy so that's why it's really 00:16:57.170 --> 00:16:59.949 align:start position:0% your strategy so that's why it's really important<00:16:57.949> that<00:16:58.220> at<00:16:58.730> the<00:16:58.850> beginning<00:16:59.180> the 00:16:59.949 --> 00:16:59.959 align:start position:0% important that at the beginning the 00:16:59.959 --> 00:17:03.370 align:start position:0% important that at the beginning the quote<00:17:00.230> even<00:17:00.829> s<00:17:01.190> ruling<00:17:01.490> because<00:17:02.180> this<00:17:02.480> way<00:17:02.720> no 00:17:03.370 --> 00:17:03.380 align:start position:0% quote even s ruling because this way no 00:17:03.380 --> 00:17:05.470 align:start position:0% quote even s ruling because this way no one<00:17:03.589> would<00:17:03.740> have<00:17:03.889> an<00:17:03.980> interest<00:17:04.339> in<00:17:04.909> changing 00:17:05.470 --> 00:17:05.480 align:start position:0% one would have an interest in changing 00:17:05.480 --> 00:17:07.000 align:start position:0% one would have an interest in changing just<00:17:06.470> for<00:17:06.620> him 00:17:07.000 --> 00:17:07.010 align:start position:0% just for him 00:17:07.010 --> 00:17:10.750 align:start position:0% just for him strategy<00:17:07.669> to<00:17:07.790> a<00:17:07.850> dishonest<00:17:08.150> one<00:17:09.100> so<00:17:10.100> oh<00:17:10.490> can<00:17:10.730> we 00:17:10.750 --> 00:17:10.760 align:start position:0% strategy to a dishonest one so oh can we 00:17:10.760 --> 00:17:13.179 align:start position:0% strategy to a dishonest one so oh can we verify<00:17:11.480> that's<00:17:11.929> twelve<00:17:12.319> so<00:17:12.620> can<00:17:12.770> be<00:17:12.860> recited 00:17:13.179 --> 00:17:13.189 align:start position:0% verify that's twelve so can be recited 00:17:13.189 --> 00:17:15.699 align:start position:0% verify that's twelve so can be recited by<00:17:13.429> that<00:17:13.640> it's<00:17:14.360> with<00:17:14.600> experimental<00:17:15.380> crypto 00:17:15.699 --> 00:17:15.709 align:start position:0% by that it's with experimental crypto 00:17:15.709 --> 00:17:20.380 align:start position:0% by that it's with experimental crypto economies<00:17:16.659> so<00:17:17.659> at<00:17:18.620> the<00:17:18.770> beginning<00:17:19.179> you<00:17:20.179> don't 00:17:20.380 --> 00:17:20.390 align:start position:0% economies so at the beginning you don't 00:17:20.390 --> 00:17:23.500 align:start position:0% economies so at the beginning you don't link<00:17:21.260> that<00:17:21.470> to<00:17:21.949> real<00:17:22.100> contract<00:17:22.699> which<00:17:23.240> we<00:17:23.419> are 00:17:23.500 --> 00:17:23.510 align:start position:0% link that to real contract which we are 00:17:23.510 --> 00:17:26.319 align:start position:0% link that to real contract which we are smack<00:17:23.689> attack<00:17:23.839> investment<00:17:24.530> but<00:17:25.309> you<00:17:25.549> still 00:17:26.319 --> 00:17:26.329 align:start position:0% smack attack investment but you still 00:17:26.329 --> 00:17:28.480 align:start position:0% smack attack investment but you still have<00:17:26.480> general<00:17:26.929> and<00:17:27.230> cielab<00:17:27.709> incentive<00:17:28.339> in 00:17:28.480 --> 00:17:28.490 align:start position:0% have general and cielab incentive in 00:17:28.490 --> 00:17:30.539 align:start position:0% have general and cielab incentive in term<00:17:28.669> of<00:17:28.700> token<00:17:29.150> redistribution 00:17:30.539 --> 00:17:30.549 align:start position:0% term of token redistribution 00:17:30.549 --> 00:17:34.570 align:start position:0% term of token redistribution you<00:17:31.549> take<00:17:31.760> a<00:17:31.790> set<00:17:32.090> of<00:17:32.559> dispute<00:17:33.559> that<00:17:34.100> you<00:17:34.370> know 00:17:34.570 --> 00:17:34.580 align:start position:0% you take a set of dispute that you know 00:17:34.580 --> 00:17:36.600 align:start position:0% you take a set of dispute that you know already<00:17:35.270> solved<00:17:35.630> but<00:17:35.900> that<00:17:36.080> you<00:17:36.169> don't<00:17:36.320> really 00:17:36.600 --> 00:17:36.610 align:start position:0% already solved but that you don't really 00:17:36.610 --> 00:17:40.780 align:start position:0% already solved but that you don't really draw<00:17:37.610> and<00:17:38.230> you<00:17:39.230> look<00:17:39.559> at<00:17:39.799> what<00:17:40.370> the<00:17:40.490> result 00:17:40.780 --> 00:17:40.790 align:start position:0% draw and you look at what the result 00:17:40.790 --> 00:17:43.299 align:start position:0% draw and you look at what the result will<00:17:40.970> be<00:17:41.140> compared<00:17:42.140> to<00:17:42.260> what<00:17:42.559> you<00:17:42.799> call<00:17:43.159> your 00:17:43.299 --> 00:17:43.309 align:start position:0% will be compared to what you call your 00:17:43.309 --> 00:17:46.149 align:start position:0% will be compared to what you call your own<00:17:43.370> growing<00:17:43.850> truth<00:17:44.150> which<00:17:44.750> is<00:17:44.990> a<00:17:45.020> the<00:17:45.860> result 00:17:46.149 --> 00:17:46.159 align:start position:0% own growing truth which is a the result 00:17:46.159 --> 00:17:47.490 align:start position:0% own growing truth which is a the result of<00:17:46.250> the<00:17:46.309> dispute<00:17:46.669> you<00:17:46.909> had<00:17:47.120> before 00:17:47.490 --> 00:17:47.500 align:start position:0% of the dispute you had before 00:17:47.500 --> 00:17:50.130 align:start position:0% of the dispute you had before and<00:17:48.280> you<00:17:48.730> can<00:17:48.850> use<00:17:48.970> metrics<00:17:49.360> which<00:17:50.110> are 00:17:50.130 --> 00:17:50.140 align:start position:0% and you can use metrics which are 00:17:50.140 --> 00:17:53.669 align:start position:0% and you can use metrics which are inspired<00:17:50.950> by<00:17:51.280> machine<00:17:51.700> learning<00:17:52.140> to<00:17:53.140> evaluate 00:17:53.669 --> 00:17:53.679 align:start position:0% inspired by machine learning to evaluate 00:17:53.679 --> 00:17:57.330 align:start position:0% inspired by machine learning to evaluate all<00:17:54.400> the<00:17:55.299> ruling<00:17:55.780> of<00:17:55.840> the<00:17:55.900> court<00:17:56.020> is<00:17:56.679> actually 00:17:57.330 --> 00:17:57.340 align:start position:0% all the ruling of the court is actually 00:17:57.340 --> 00:18:00.149 align:start position:0% all the ruling of the court is actually rated<00:17:58.240> to<00:17:59.080> the<00:17:59.200> ruling<00:17:59.380> of<00:17:59.530> your<00:17:59.710> booing<00:17:59.950> truth 00:18:00.149 --> 00:18:00.159 align:start position:0% rated to the ruling of your booing truth 00:18:00.159 --> 00:18:02.940 align:start position:0% rated to the ruling of your booing truth so<00:18:00.940> basically<00:18:01.480> you<00:18:01.690> do<00:18:01.840> machine<00:18:02.140> learning<00:18:02.500> as 00:18:02.940 --> 00:18:02.950 align:start position:0% so basically you do machine learning as 00:18:02.950 --> 00:18:07.230 align:start position:0% so basically you do machine learning as with<00:18:03.159> humans<00:18:03.309> classifier<00:18:03.970> so<00:18:06.240> thanks 00:18:07.230 --> 00:18:07.240 align:start position:0% with humans classifier so thanks 00:18:07.240 --> 00:18:10.080 align:start position:0% with humans classifier so thanks everyone<00:18:07.450> for<00:18:07.539> listening<00:18:08.580> if<00:18:09.580> you<00:18:09.760> want<00:18:09.940> you 00:18:10.080 --> 00:18:10.090 align:start position:0% everyone for listening if you want you 00:18:10.090 --> 00:18:12.930 align:start position:0% everyone for listening if you want you can<00:18:10.210> contribute<00:18:11.130> we<00:18:12.130> have<00:18:12.309> a<00:18:12.340> basic<00:18:12.789> version 00:18:12.930 --> 00:18:12.940 align:start position:0% can contribute we have a basic version 00:18:12.940 --> 00:18:15.240 align:start position:0% can contribute we have a basic version of<00:18:13.210> the<00:18:13.299> code<00:18:13.570> some<00:18:14.409> arbitrary<00:18:14.980> smart 00:18:15.240 --> 00:18:15.250 align:start position:0% of the code some arbitrary smart 00:18:15.250 --> 00:18:18.060 align:start position:0% of the code some arbitrary smart contract<00:18:15.669> you<00:18:16.419> can<00:18:16.659> interact<00:18:17.409> with<00:18:17.530> contract 00:18:18.060 --> 00:18:18.070 align:start position:0% contract you can interact with contract 00:18:18.070 --> 00:18:20.610 align:start position:0% contract you can interact with contract and<00:18:18.280> test<00:18:18.940> net<00:18:19.150> and<00:18:19.419> we<00:18:20.140> are<00:18:20.230> still<00:18:20.440> building 00:18:20.610 --> 00:18:20.620 align:start position:0% and test net and we are still building 00:18:20.620 --> 00:18:24.779 align:start position:0% and test net and we are still building the<00:18:21.280> web<00:18:21.400> suite<00:18:21.610> interface<00:18:22.090> to<00:18:23.580> actually<00:18:24.580> use 00:18:24.779 --> 00:18:24.789 align:start position:0% the web suite interface to actually use 00:18:24.789 --> 00:18:27.169 align:start position:0% the web suite interface to actually use in<00:18:25.720> a<00:18:25.900> nice<00:18:26.080> and<00:18:26.380> user-friendly<00:18:26.860> manner 00:18:27.169 --> 00:18:27.179 align:start position:0% in a nice and user-friendly manner 00:18:27.179 --> 00:18:34.100 align:start position:0% in a nice and user-friendly manner thanks 00:18:34.100 --> 00:18:34.110 align:start position:0% 00:18:34.110 --> 00:18:34.260 align:start position:0% you 00:18:34.260 --> 00:18:34.270 align:start position:0% you 00:18:34.270 --> 00:18:41.849 align:start position:0% you [Music]