WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:01.740 align:start position:0% [Applause] 00:00:01.740 --> 00:00:01.750 align:start position:0% [Applause] 00:00:01.750 --> 00:00:10.299 align:start position:0% [Applause] [Music] 00:00:10.299 --> 00:00:10.309 align:start position:0% 00:00:10.309 --> 00:00:15.350 align:start position:0% thank<00:00:11.309> you<00:00:12.559> so<00:00:13.559> today<00:00:14.070> I'm<00:00:14.519> gonna<00:00:14.759> talk<00:00:14.969> about 00:00:15.350 --> 00:00:15.360 align:start position:0% thank you so today I'm gonna talk about 00:00:15.360 --> 00:00:17.870 align:start position:0% thank you so today I'm gonna talk about what<00:00:15.839> I<00:00:16.049> consider<00:00:16.529> to<00:00:16.590> be<00:00:16.830> one<00:00:17.220> of<00:00:17.550> the<00:00:17.730> most 00:00:17.870 --> 00:00:17.880 align:start position:0% what I consider to be one of the most 00:00:17.880 --> 00:00:20.750 align:start position:0% what I consider to be one of the most fascinating<00:00:18.470> aspects<00:00:19.470> of<00:00:19.760> blockchain 00:00:20.750 --> 00:00:20.760 align:start position:0% fascinating aspects of blockchain 00:00:20.760 --> 00:00:23.000 align:start position:0% fascinating aspects of blockchain technologies<00:00:21.359> which<00:00:22.080> is<00:00:22.380> the<00:00:22.529> ability<00:00:22.740> to 00:00:23.000 --> 00:00:23.010 align:start position:0% technologies which is the ability to 00:00:23.010 --> 00:00:25.759 align:start position:0% technologies which is the ability to operate<00:00:23.640> on<00:00:24.119> them<00:00:24.300> on<00:00:24.539> their<00:00:24.750> own<00:00:24.779> and<00:00:25.230> to 00:00:25.759 --> 00:00:25.769 align:start position:0% operate on them on their own and to 00:00:25.769 --> 00:00:27.980 align:start position:0% operate on them on their own and to interact<00:00:26.250> with<00:00:26.340> their<00:00:26.550> own<00:00:26.670> environment<00:00:27.359> like 00:00:27.980 --> 00:00:27.990 align:start position:0% interact with their own environment like 00:00:27.990 --> 00:00:30.710 align:start position:0% interact with their own environment like an<00:00:28.349> independent<00:00:29.070> entity<00:00:29.609> with<00:00:29.910> a<00:00:29.939> life<00:00:30.210> on<00:00:30.480> its 00:00:30.710 --> 00:00:30.720 align:start position:0% an independent entity with a life on its 00:00:30.720 --> 00:00:32.990 align:start position:0% an independent entity with a life on its own<00:00:30.929> and<00:00:31.320> this<00:00:31.500> is<00:00:31.650> what<00:00:31.830> I<00:00:31.859> call<00:00:32.279> a<00:00:32.550> blockchain 00:00:32.990 --> 00:00:33.000 align:start position:0% own and this is what I call a blockchain 00:00:33.000 --> 00:00:34.190 align:start position:0% own and this is what I call a blockchain base<00:00:33.329> life<00:00:33.660> form 00:00:34.190 --> 00:00:34.200 align:start position:0% base life form 00:00:34.200 --> 00:00:37.190 align:start position:0% base life form and<00:00:34.829> so<00:00:34.980> before<00:00:35.730> we<00:00:35.820> begin<00:00:36.149> let's<00:00:36.630> look<00:00:36.870> at 00:00:37.190 --> 00:00:37.200 align:start position:0% and so before we begin let's look at 00:00:37.200 --> 00:00:39.170 align:start position:0% and so before we begin let's look at what<00:00:37.680> of<00:00:37.860> the<00:00:38.040> fundamental<00:00:38.730> characteristics 00:00:39.170 --> 00:00:39.180 align:start position:0% what of the fundamental characteristics 00:00:39.180 --> 00:00:42.200 align:start position:0% what of the fundamental characteristics of<00:00:39.750> blockchain<00:00:40.620> based<00:00:40.800> system<00:00:41.309> that<00:00:41.940> actually 00:00:42.200 --> 00:00:42.210 align:start position:0% of blockchain based system that actually 00:00:42.210 --> 00:00:44.810 align:start position:0% of blockchain based system that actually distinguish<00:00:43.050> themselves<00:00:43.320> from<00:00:43.820> traditional 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boundaries<00:01:02.520> and<00:01:03.320> because<00:01:04.320> a 00:01:04.520 --> 00:01:04.530 align:start position:0% for national boundaries and because a 00:01:04.530 --> 00:01:07.310 align:start position:0% for national boundaries and because a blockchain<00:01:04.830> is<00:01:05.299> replicated<00:01:06.299> on<00:01:06.479> the<00:01:06.750> computer 00:01:07.310 --> 00:01:07.320 align:start position:0% blockchain is replicated on the computer 00:01:07.320 --> 00:01:10.190 align:start position:0% blockchain is replicated on the computer of<00:01:07.500> every<00:01:08.040> network<00:01:08.430> node<00:01:08.670> then<00:01:09.299> it<00:01:09.600> is<00:01:09.780> highly 00:01:10.190 --> 00:01:10.200 align:start position:0% of every network node then it is highly 00:01:10.200 --> 00:01:12.890 align:start position:0% of every network node then it is highly resilient<00:01:10.560> and<00:01:11.070> because<00:01:12.000> all<00:01:12.299> nodes<00:01:12.600> actually 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recorded 00:01:21.600 --> 00:01:24.560 align:start position:0% modify or tamper with the data recorded on<00:01:21.780> this<00:01:21.960> decentralized<00:01:22.439> database<00:01:23.189> and<00:01:23.670> then 00:01:24.560 --> 00:01:24.570 align:start position:0% on this decentralized database and then 00:01:24.570 --> 00:01:26.990 align:start position:0% on this decentralized database and then many<00:01:25.080> block<00:01:25.350> chains<00:01:25.710> are<00:01:25.950> also<00:01:26.220> inherently 00:01:26.990 --> 00:01:27.000 align:start position:0% many block chains are also inherently 00:01:27.000 --> 00:01:29.480 align:start position:0% many block chains are also inherently transparent<00:01:27.780> in<00:01:28.560> the<00:01:28.710> sense<00:01:28.920> that<00:01:29.100> everyone 00:01:29.480 --> 00:01:29.490 align:start position:0% transparent in the sense that everyone 00:01:29.490 --> 00:01:31.520 align:start position:0% transparent in the sense that everyone that<00:01:29.850> is<00:01:30.030> in<00:01:30.150> the<00:01:30.240> network<00:01:30.390> can<00:01:30.600> see<00:01:31.079> what 00:01:31.520 --> 00:01:31.530 align:start position:0% that is in the network can see what 00:01:31.530 --> 00:01:33.380 align:start position:0% that is in the network can see what everyone<00:01:31.950> else<00:01:32.070> is<00:01:32.310> doing<00:01:32.340> with<00:01:32.820> exception<00:01:33.329> of 00:01:33.380 --> 00:01:33.390 align:start position:0% everyone else is doing with exception of 00:01:33.390 --> 00:01:36.380 align:start position:0% everyone else is doing with exception of course<00:01:33.659> of<00:01:34.100> privacy<00:01:35.100> enhancing<00:01:35.310> block<00:01:36.030> chains 00:01:36.380 --> 00:01:36.390 align:start position:0% course of privacy enhancing block chains 00:01:36.390 --> 00:01:39.830 align:start position:0% course of privacy enhancing block chains like<00:01:36.659> the<00:01:37.200> cache<00:01:38.270> but<00:01:39.270> because<00:01:39.570> every 00:01:39.830 --> 00:01:39.840 align:start position:0% like the cache but because every 00:01:39.840 --> 00:01:40.730 align:start position:0% like the cache but because every transaction<00:01:40.229> is<00:01:40.619> actually 00:01:40.730 --> 00:01:40.740 align:start position:0% transaction is actually 00:01:40.740 --> 00:01:42.920 align:start position:0% transaction is actually cryptographically<00:01:41.520> signed<00:01:42.119> with<00:01:42.780> the 00:01:42.920 --> 00:01:42.930 align:start position:0% cryptographically signed with the 00:01:42.930 --> 00:01:45.560 align:start position:0% cryptographically signed with the private<00:01:43.350> key<00:01:43.380> of<00:01:43.829> the<00:01:44.280> party<00:01:44.610> executing<00:01:45.240> it 00:01:45.560 --> 00:01:45.570 align:start position:0% private key of the party executing it 00:01:45.570 --> 00:01:48.859 align:start position:0% private key of the party executing it then<00:01:45.930> no<00:01:46.470> one<00:01:46.680> can<00:01:46.710> also<00:01:47.250> later<00:01:47.850> deny<00:01:48.240> actually 00:01:48.859 --> 00:01:48.869 align:start position:0% then no one can also later deny actually 00:01:48.869 --> 00:01:50.929 align:start position:0% then no one can also later deny actually having<00:01:49.229> affected<00:01:50.009> and<00:01:50.250> executed<00:01:50.850> this 00:01:50.929 --> 00:01:50.939 align:start position:0% having affected and executed this 00:01:50.939 --> 00:01:54.170 align:start position:0% having affected and executed this transaction<00:01:51.390> and<00:01:52.100> then<00:01:53.100> most<00:01:53.610> public<00:01:54.000> block 00:01:54.170 --> 00:01:54.180 align:start position:0% transaction and then most public block 00:01:54.180 --> 00:01:55.999 align:start position:0% transaction and then most public block chains<00:01:54.509> are<00:01:54.720> also<00:01:54.930> pseudonymous 00:01:55.999 --> 00:01:56.009 align:start position:0% chains are also pseudonymous 00:01:56.009 --> 00:01:58.340 align:start position:0% chains are also pseudonymous in<00:01:56.219> the<00:01:56.640> sense<00:01:56.909> that<00:01:57.119> people<00:01:57.479> do<00:01:57.780> not<00:01:57.930> need<00:01:58.200> to 00:01:58.340 --> 00:01:58.350 align:start position:0% in the sense that people do not need to 00:01:58.350 --> 00:02:01.100 align:start position:0% in the sense that people do not need to identify<00:01:58.729> themselves<00:01:59.729> as<00:01:59.969> individuals<00:02:00.479> in 00:02:01.100 --> 00:02:01.110 align:start position:0% identify themselves as individuals in 00:02:01.110 --> 00:02:03.260 align:start position:0% identify themselves as individuals in order<00:02:01.469> to<00:02:01.649> join<00:02:01.890> the<00:02:01.950> network<00:02:02.520> and<00:02:02.729> they<00:02:03.090> just 00:02:03.260 --> 00:02:03.270 align:start position:0% order to join the network and they just 00:02:03.270 --> 00:02:05.149 align:start position:0% order to join the network and they just need<00:02:03.479> to<00:02:03.630> create<00:02:04.020> an<00:02:04.170> account<00:02:04.409> in<00:02:04.710> order<00:02:04.979> to 00:02:05.149 --> 00:02:05.159 align:start position:0% need to create an account in order to 00:02:05.159 --> 00:02:07.039 align:start position:0% need to create an account in order to obtain<00:02:05.310> a<00:02:05.759> public<00:02:06.270> address<00:02:06.420> that<00:02:06.869> will 00:02:07.039 --> 00:02:07.049 align:start position:0% obtain a public address that will 00:02:07.049 --> 00:02:09.529 align:start position:0% obtain a public address that will identify<00:02:07.290> them<00:02:08.009> in<00:02:08.429> AB<00:02:08.670> pseudonymous<00:02:09.149> manner 00:02:09.529 --> 00:02:09.539 align:start position:0% identify them in AB pseudonymous manner 00:02:09.539 --> 00:02:13.059 align:start position:0% identify them in AB pseudonymous manner and<00:02:10.050> then<00:02:10.979> finally<00:02:11.520> and<00:02:11.730> most<00:02:11.910> importantly 00:02:13.059 --> 00:02:13.069 align:start position:0% and then finally and most importantly 00:02:13.069 --> 00:02:15.280 align:start position:0% and then finally and most importantly modern<00:02:13.400> blockchains<00:02:14.060> make<00:02:14.480> it<00:02:14.629> possible<00:02:14.780> not 00:02:15.280 --> 00:02:15.290 align:start position:0% modern blockchains make it possible not 00:02:15.290 --> 00:02:18.580 align:start position:0% modern blockchains make it possible not only<00:02:15.319> to<00:02:15.650> stop<00:02:16.450> transaction<00:02:17.450> information<00:02:17.599> but 00:02:18.580 --> 00:02:18.590 align:start position:0% only to stop transaction information but 00:02:18.590 --> 00:02:21.009 align:start position:0% only to stop transaction information but also<00:02:18.769> to<00:02:19.069> store<00:02:19.310> and<00:02:19.549> execute<00:02:20.180> software<00:02:20.749> code 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even stop 00:02:28.939 --> 00:02:31.929 align:start position:0% actually modify influence or even stop the<00:02:29.359> execution<00:02:30.049> of<00:02:30.200> that<00:02:30.260> software<00:02:30.889> and<00:02:31.219> so 00:02:31.929 --> 00:02:31.939 align:start position:0% the execution of that software and so 00:02:31.939 --> 00:02:34.000 align:start position:0% the execution of that software and so when<00:02:32.329> we're<00:02:32.480> thinking<00:02:32.510> about<00:02:33.010> regulation 00:02:34.000 --> 00:02:34.010 align:start position:0% when we're thinking about regulation 00:02:34.010 --> 00:02:37.089 align:start position:0% when we're thinking about regulation then<00:02:34.579> how<00:02:35.359> does<00:02:35.659> this<00:02:35.810> actually<00:02:36.230> differ<00:02:36.590> from 00:02:37.089 --> 00:02:37.099 align:start position:0% then how does this actually differ from 00:02:37.099 --> 00:02:40.899 align:start position:0% then how does this actually differ from traditional<00:02:37.359> software<00:02:38.359> code<00:02:39.250> so<00:02:40.250> on<00:02:40.489> the 00:02:40.899 --> 00:02:40.909 align:start position:0% traditional software code so on the 00:02:40.909 --> 00:02:43.360 align:start position:0% traditional software code so on the internet<00:02:41.359> we<00:02:41.569> have<00:02:41.689> this<00:02:41.870> notion<00:02:42.139> of<00:02:42.530> lags 00:02:43.360 --> 00:02:43.370 align:start position:0% internet we have this notion of lags 00:02:43.370 --> 00:02:45.610 align:start position:0% internet we have this notion of lags informatica<00:02:44.329> which<00:02:44.900> essentially<00:02:45.319> just<00:02:45.349> means 00:02:45.610 --> 00:02:45.620 align:start position:0% informatica which essentially just means 00:02:45.620 --> 00:02:48.099 align:start position:0% informatica which essentially just means that<00:02:46.040> code<00:02:46.310> is<00:02:46.519> increasingly<00:02:47.180> being<00:02:47.480> used<00:02:47.840> as 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functionality as the law event oh of 00:02:56.419 --> 00:02:58.839 align:start position:0% functionality as the law event oh of course<00:02:56.449> this<00:02:56.900> code<00:02:57.199> actually<00:02:57.500> remains<00:02:58.250> under 00:02:58.839 --> 00:02:58.849 align:start position:0% course this code actually remains under 00:02:58.849 --> 00:03:01.539 align:start position:0% course this code actually remains under the<00:02:59.030> control<00:02:59.510> of<00:02:59.719> specific<00:03:00.530> online<00:03:00.709> operators 00:03:01.539 --> 00:03:01.549 align:start position:0% the control of specific online operators 00:03:01.549 --> 00:03:04.179 align:start position:0% the control of specific online operators which<00:03:02.120> are<00:03:02.299> themselves<00:03:03.019> subject<00:03:03.439> to<00:03:03.799> the<00:03:03.919> rule 00:03:04.179 --> 00:03:04.189 align:start position:0% which are themselves subject to the rule 00:03:04.189 --> 00:03:08.319 align:start position:0% which are themselves subject to the rule of<00:03:04.340> the<00:03:04.579> law<00:03:04.730> and<00:03:05.709> on<00:03:06.709> the<00:03:07.040> blockchain<00:03:07.280> code<00:03:08.030> is 00:03:08.319 --> 00:03:08.329 align:start position:0% of the law and on the blockchain code is 00:03:08.329 --> 00:03:10.899 align:start position:0% of the law and on the blockchain code is also<00:03:08.930> being<00:03:09.199> used<00:03:09.560> as<00:03:09.769> a<00:03:09.829> means<00:03:10.189> to<00:03:10.370> regulate 00:03:10.899 --> 00:03:10.909 align:start position:0% also being used as a means to regulate 00:03:10.909 --> 00:03:13.330 align:start position:0% also being used as a means to regulate behavior<00:03:11.169> the<00:03:12.169> difference<00:03:12.709> is<00:03:12.949> that<00:03:13.099> this 00:03:13.330 --> 00:03:13.340 align:start position:0% behavior the difference is that this 00:03:13.340 --> 00:03:16.149 align:start position:0% behavior the difference is that this time<00:03:13.510> because<00:03:14.510> of<00:03:14.780> the<00:03:14.900> specificity<00:03:15.169> and<00:03:16.099> the 00:03:16.149 --> 00:03:16.159 align:start position:0% time because of the specificity and the 00:03:16.159 --> 00:03:18.399 align:start position:0% time because of the specificity and the fundamental<00:03:17.120> characteristics<00:03:17.540> of<00:03:17.659> a 00:03:18.399 --> 00:03:18.409 align:start position:0% fundamental characteristics of a 00:03:18.409 --> 00:03:20.860 align:start position:0% fundamental characteristics of a blockchain<00:03:18.650> then<00:03:19.549> blockchain<00:03:20.329> based<00:03:20.540> code 00:03:20.860 --> 00:03:20.870 align:start position:0% blockchain then blockchain based code 00:03:20.870 --> 00:03:23.439 align:start position:0% blockchain then blockchain based code can<00:03:21.199> actually<00:03:21.560> be<00:03:21.709> designed<00:03:22.220> to<00:03:22.609> largely 00:03:23.439 --> 00:03:23.449 align:start position:0% can actually be designed to largely 00:03:23.449 --> 00:03:26.170 align:start position:0% can actually be designed to largely ignore<00:03:23.989> the<00:03:24.560> traditional<00:03:25.250> rule<00:03:25.519> of<00:03:25.699> law<00:03:25.909> and 00:03:26.170 --> 00:03:26.180 align:start position:0% ignore the traditional rule of law and 00:03:26.180 --> 00:03:28.929 align:start position:0% ignore the traditional rule of law and so<00:03:26.780> the<00:03:26.900> only<00:03:27.259> law<00:03:27.470> that<00:03:27.500> actually<00:03:27.919> matters<00:03:28.609> on 00:03:28.929 --> 00:03:28.939 align:start position:0% so the only law that actually matters on 00:03:28.939 --> 00:03:32.589 align:start position:0% so the only law that actually matters on those<00:03:29.239> systems<00:03:29.810> is<00:03:30.109> the<00:03:30.349> code<00:03:30.729> and<00:03:31.729> so<00:03:32.419> this 00:03:32.589 --> 00:03:32.599 align:start position:0% those systems is the code and so this 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it<00:03:40.340> actually<00:03:40.699> shift<00:03:41.120> the<00:03:41.409> the<00:03:42.409> notion 00:03:42.580 --> 00:03:42.590 align:start position:0% because it actually shift the the notion 00:03:42.590 --> 00:03:45.129 align:start position:0% because it actually shift the the notion of<00:03:42.829> trust<00:03:43.129> away<00:03:43.759> from<00:03:44.329> those<00:03:44.540> centralized 00:03:45.129 --> 00:03:45.139 align:start position:0% of trust away from those centralized 00:03:45.139 --> 00:03:47.229 align:start position:0% of trust away from those centralized potatoes<00:03:45.769> and<00:03:46.040> two<00:03:46.430> of<00:03:46.579> the<00:03:46.819> underlying 00:03:47.229 --> 00:03:47.239 align:start position:0% potatoes and two of the underlying 00:03:47.239 --> 00:03:49.270 align:start position:0% potatoes and two of the underlying technology<00:03:47.449> and<00:03:48.169> so<00:03:48.530> as<00:03:48.739> long<00:03:48.919> as<00:03:49.040> we<00:03:49.159> can 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the other one is that this 00:03:56.389 --> 00:03:58.619 align:start position:0% else and the other one is that this actually<00:03:56.750> creates<00:03:57.229> new<00:03:57.560> opportunities<00:03:57.590> for 00:03:58.619 --> 00:03:58.629 align:start position:0% actually creates new opportunities for 00:03:58.629 --> 00:04:01.300 align:start position:0% actually creates new opportunities for increasing<00:03:59.629> the<00:03:59.900> automation<00:04:00.680> and<00:04:01.129> the 00:04:01.300 --> 00:04:01.310 align:start position:0% increasing the automation and the 00:04:01.310 --> 00:04:03.219 align:start position:0% increasing the automation and the autonomy<00:04:02.000> of<00:04:02.150> those<00:04:02.599> blockchain<00:04:03.049> based 00:04:03.219 --> 00:04:03.229 align:start position:0% autonomy of those blockchain based 00:04:03.229 --> 00:04:05.319 align:start position:0% autonomy of those blockchain based systems<00:04:03.799> because<00:04:04.579> once<00:04:04.849> they<00:04:05.060> have<00:04:05.090> been 00:04:05.319 --> 00:04:05.329 align:start position:0% systems because once they have been 00:04:05.329 --> 00:04:07.689 align:start position:0% systems because once they have been deployed<00:04:05.810> on<00:04:06.169> the<00:04:06.229> blockchain<00:04:06.680> then<00:04:07.489> the 00:04:07.689 --> 00:04:07.699 align:start position:0% deployed on the blockchain then the 00:04:07.699 --> 00:04:10.330 align:start position:0% deployed on the blockchain then the system<00:04:08.239> no<00:04:08.449> longer<00:04:08.780> needs<00:04:09.199> or<00:04:09.469> hit<00:04:09.919> their 00:04:10.330 --> 00:04:10.340 align:start position:0% system no longer needs or hit their 00:04:10.340 --> 00:04:12.159 align:start position:0% system no longer needs or hit their creators<00:04:10.969> and<00:04:11.299> they<00:04:11.629> can<00:04:11.780> actually<00:04:11.930> be 00:04:12.159 --> 00:04:12.169 align:start position:0% creators and they can actually be 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create<00:04:22.130> some<00:04:22.460> potential 00:04:22.990 --> 00:04:23.000 align:start position:0% obviously can create some potential 00:04:23.000 --> 00:04:25.540 align:start position:0% obviously can create some potential conflicts<00:04:23.690> between<00:04:23.990> the<00:04:24.590> real<00:04:24.830> of<00:04:24.979> code<00:04:25.279> and 00:04:25.540 --> 00:04:25.550 align:start position:0% conflicts between the real of code and 00:04:25.550 --> 00:04:26.560 align:start position:0% conflicts between the real of code and the<00:04:25.820> rule<00:04:26.060> of<00:04:26.240> law 00:04:26.560 --> 00:04:26.570 align:start position:0% the rule of law 00:04:26.570 --> 00:04:28.570 align:start position:0% the rule of law and<00:04:26.870> so<00:04:27.560> what<00:04:27.830> is<00:04:27.950> actually<00:04:28.280> a<00:04:28.310> really 00:04:28.570 --> 00:04:28.580 align:start position:0% and so what is actually a really 00:04:28.580 --> 00:04:31.750 align:start position:0% and so what is actually a really interesting<00:04:29.390> to<00:04:29.780> explore<00:04:30.320> is<00:04:30.710> what<00:04:31.280> is<00:04:31.520> the 00:04:31.750 --> 00:04:31.760 align:start position:0% interesting to explore is what is the 00:04:31.760 --> 00:04:33.910 align:start position:0% interesting to explore is what is the interplay<00:04:32.360> between<00:04:32.690> those<00:04:33.170> two<00:04:33.410> types<00:04:33.680> of 00:04:33.910 --> 00:04:33.920 align:start position:0% interplay between those two types of 00:04:33.920 --> 00:04:35.980 align:start position:0% interplay between those two types of regulation<00:04:34.640> regulation<00:04:35.120> by<00:04:35.540> law<00:04:35.720> and 00:04:35.980 --> 00:04:35.990 align:start position:0% regulation regulation by law and 00:04:35.990 --> 00:04:38.710 align:start position:0% regulation regulation by law and regulation<00:04:36.620> by<00:04:36.770> code<00:04:37.040> and<00:04:37.310> whether<00:04:38.000> one<00:04:38.360> can 00:04:38.710 --> 00:04:38.720 align:start position:0% regulation by code and whether one can 00:04:38.720 --> 00:04:41.470 align:start position:0% regulation by code and whether one can actually<00:04:38.900> overtake<00:04:39.560> the<00:04:40.130> other<00:04:40.240> so<00:04:41.240> can<00:04:41.450> a 00:04:41.470 --> 00:04:41.480 align:start position:0% actually overtake the other so can a 00:04:41.480 --> 00:04:43.330 align:start position:0% actually overtake the other so can a blockchain<00:04:41.810> based<00:04:42.140> systems<00:04:42.560> actually<00:04:42.770> fast 00:04:43.330 --> 00:04:43.340 align:start position:0% blockchain based systems actually fast 00:04:43.340 --> 00:04:46.000 align:start position:0% blockchain based systems actually fast to<00:04:43.670> comply<00:04:44.150> with<00:04:44.420> the<00:04:44.570> law<00:04:44.720> or<00:04:45.110> can<00:04:45.500> it<00:04:45.650> instead 00:04:46.000 --> 00:04:46.010 align:start position:0% to comply with the law or can it instead 00:04:46.010 --> 00:04:48.880 align:start position:0% to comply with the law or can it instead be<00:04:46.250> used<00:04:46.280> as<00:04:46.820> a<00:04:46.850> mean<00:04:47.240> to<00:04:47.570> bypass<00:04:48.020> existing 00:04:48.880 --> 00:04:48.890 align:start position:0% be used as a mean to bypass existing 00:04:48.890 --> 00:04:51.130 align:start position:0% be used as a mean to bypass existing regulatory<00:04:49.250> frameworks<00:04:50.000> to<00:04:50.540> the<00:04:50.690> extent<00:04:51.050> that 00:04:51.130 --> 00:04:51.140 align:start position:0% regulatory frameworks to the extent that 00:04:51.140 --> 00:04:53.590 align:start position:0% regulatory frameworks to the extent that they<00:04:51.350> operate<00:04:51.860> within<00:04:52.160> their<00:04:52.490> own<00:04:52.760> separate 00:04:53.590 --> 00:04:53.600 align:start position:0% they operate within their own separate 00:04:53.600 --> 00:04:57.580 align:start position:0% they operate within their own separate technical<00:04:54.170> framework<00:04:55.060> and<00:04:56.060> so<00:04:56.960> if<00:04:57.140> we<00:04:57.230> back<00:04:57.410> up 00:04:57.580 --> 00:04:57.590 align:start position:0% technical framework and so if we back up 00:04:57.590 --> 00:05:00.550 align:start position:0% technical framework and so if we back up a<00:04:57.710> little<00:04:57.890> and<00:04:58.340> we<00:04:58.580> look<00:04:58.790> at<00:04:59.090> the<00:04:59.780> narrative 00:05:00.550 --> 00:05:00.560 align:start position:0% a little and we look at the narrative 00:05:00.560 --> 00:05:03.160 align:start position:0% a little and we look at the narrative from<00:05:00.860> the<00:05:01.040> early<00:05:01.460> internet<00:05:01.820> days<00:05:02.180> we<00:05:03.020> might 00:05:03.160 --> 00:05:03.170 align:start position:0% from the early internet days we might 00:05:03.170 --> 00:05:04.930 align:start position:0% from the early internet days we might remember<00:05:03.470> the<00:05:03.830> claims<00:05:04.160> of<00:05:04.460> some<00:05:04.700> of<00:05:04.820> the 00:05:04.930 --> 00:05:04.940 align:start position:0% remember the claims of some of the 00:05:04.940 --> 00:05:06.970 align:start position:0% remember the claims of some of the internet<00:05:05.390> pioneers<00:05:05.990> like<00:05:06.320> John<00:05:06.650> Perry<00:05:06.950> Barlow 00:05:06.970 --> 00:05:06.980 align:start position:0% internet pioneers like John Perry Barlow 00:05:06.980 --> 00:05:08.500 align:start position:0% internet pioneers like John Perry Barlow of<00:05:07.730> Tim<00:05:08.030> atsume 00:05:08.500 --> 00:05:08.510 align:start position:0% of Tim atsume 00:05:08.510 --> 00:05:10.690 align:start position:0% of Tim atsume who<00:05:09.050> saw<00:05:09.230> the<00:05:09.290> cyberspace<00:05:09.800> as<00:05:10.280> an<00:05:10.400> independent 00:05:10.690 --> 00:05:10.700 align:start position:0% who saw the cyberspace as an independent 00:05:10.700 --> 00:05:12.910 align:start position:0% who saw the cyberspace as an independent space<00:05:11.360> that<00:05:11.750> simply<00:05:12.050> could<00:05:12.260> not<00:05:12.410> be<00:05:12.470> regulated 00:05:12.910 --> 00:05:12.920 align:start position:0% space that simply could not be regulated 00:05:12.920 --> 00:05:15.460 align:start position:0% space that simply could not be regulated because<00:05:13.820> governments<00:05:14.810> simply<00:05:15.110> did<00:05:15.260> not<00:05:15.290> have 00:05:15.460 --> 00:05:15.470 align:start position:0% because governments simply did not have 00:05:15.470 --> 00:05:18.280 align:start position:0% because governments simply did not have the<00:05:15.770> heart<00:05:15.800> nor<00:05:16.580> the<00:05:16.730> capacity<00:05:16.910> to<00:05:17.510> exert<00:05:18.110> the 00:05:18.280 --> 00:05:18.290 align:start position:0% the heart nor the capacity to exert the 00:05:18.290 --> 00:05:20.980 align:start position:0% the heart nor the capacity to exert the sovereignty<00:05:18.620> of<00:05:19.010> a<00:05:19.190> writ<00:05:19.370> but<00:05:20.240> of<00:05:20.330> course<00:05:20.540> this 00:05:20.980 --> 00:05:20.990 align:start position:0% sovereignty of a writ but of course this 00:05:20.990 --> 00:05:23.020 align:start position:0% sovereignty of a writ but of course this vision<00:05:21.410> did<00:05:21.560> not<00:05:21.710> actually<00:05:21.950> materialize<00:05:22.700> in 00:05:23.020 --> 00:05:23.030 align:start position:0% vision did not actually materialize in 00:05:23.030 --> 00:05:25.090 align:start position:0% vision did not actually materialize in the<00:05:23.210> same<00:05:23.450> way<00:05:23.630> as<00:05:23.870> many<00:05:24.260> of<00:05:24.380> us<00:05:24.620> would<00:05:24.920> have 00:05:25.090 --> 00:05:25.100 align:start position:0% the same way as many of us would have 00:05:25.100 --> 00:05:28.000 align:start position:0% the same way as many of us would have hoped<00:05:25.370> and<00:05:25.730> as<00:05:26.570> soon<00:05:26.840> as<00:05:27.050> the<00:05:27.260> opportunities 00:05:28.000 --> 00:05:28.010 align:start position:0% hoped and as soon as the opportunities 00:05:28.010 --> 00:05:30.010 align:start position:0% hoped and as soon as the opportunities of<00:05:28.040> the<00:05:28.520> internet<00:05:28.940> actually<00:05:29.360> began<00:05:29.660> to<00:05:29.720> be 00:05:30.010 --> 00:05:30.020 align:start position:0% of the internet actually began to be 00:05:30.020 --> 00:05:32.440 align:start position:0% of the internet actually began to be understood<00:05:30.560> by<00:05:30.950> new<00:05:31.250> and<00:05:31.280> established<00:05:32.060> market 00:05:32.440 --> 00:05:32.450 align:start position:0% understood by new and established market 00:05:32.450 --> 00:05:34.210 align:start position:0% understood by new and established market players<00:05:32.720> then<00:05:33.530> the<00:05:33.710> market<00:05:34.010> dynamics 00:05:34.210 --> 00:05:34.220 align:start position:0% players then the market dynamics 00:05:34.220 --> 00:05:37.090 align:start position:0% players then the market dynamics actually<00:05:34.880> kicked<00:05:35.330> in<00:05:35.540> and<00:05:35.840> the<00:05:36.380> architecture 00:05:37.090 --> 00:05:37.100 align:start position:0% actually kicked in and the architecture 00:05:37.100 --> 00:05:39.190 align:start position:0% actually kicked in and the architecture of<00:05:37.220> the<00:05:37.400> internet<00:05:37.850> slowly<00:05:38.240> started<00:05:38.840> to<00:05:38.870> change 00:05:39.190 --> 00:05:39.200 align:start position:0% of the internet slowly started to change 00:05:39.200 --> 00:05:41.500 align:start position:0% of the internet slowly started to change become<00:05:40.130> in<00:05:40.310> this<00:05:40.430> increasingly<00:05:41.180> concentrated 00:05:41.500 --> 00:05:41.510 align:start position:0% become in this increasingly concentrated 00:05:41.510 --> 00:05:44.470 align:start position:0% become in this increasingly concentrated system<00:05:42.470> which<00:05:42.830> is<00:05:43.100> today<00:05:43.460> controlled<00:05:44.060> by<00:05:44.450> a 00:05:44.470 --> 00:05:44.480 align:start position:0% system which is today controlled by a 00:05:44.480 --> 00:05:47.050 align:start position:0% system which is today controlled by a few<00:05:44.690> incumbents<00:05:45.590> and<00:05:45.950> so<00:05:46.460> in<00:05:46.550> just<00:05:46.670> a<00:05:46.820> few 00:05:47.050 --> 00:05:47.060 align:start position:0% few incumbents and so in just a few 00:05:47.060 --> 00:05:48.940 align:start position:0% few incumbents and so in just a few years<00:05:47.120> the<00:05:47.720> internet<00:05:48.200> which<00:05:48.410> has<00:05:48.440> initially 00:05:48.940 --> 00:05:48.950 align:start position:0% years the internet which has initially 00:05:48.950 --> 00:05:50.980 align:start position:0% years the internet which has initially perceived<00:05:49.610> as<00:05:49.970> this<00:05:50.150> tool<00:05:50.480> to<00:05:50.780> promote 00:05:50.980 --> 00:05:50.990 align:start position:0% perceived as this tool to promote 00:05:50.990 --> 00:05:53.260 align:start position:0% perceived as this tool to promote individual<00:05:51.710> freedoms<00:05:52.280> and<00:05:52.460> autonomy<00:05:53.090> as 00:05:53.260 --> 00:05:53.270 align:start position:0% individual freedoms and autonomy as 00:05:53.270 --> 00:05:55.960 align:start position:0% individual freedoms and autonomy as eventually<00:05:54.260> become<00:05:54.650> a<00:05:54.860> powerful<00:05:55.520> tool<00:05:55.730> of 00:05:55.960 --> 00:05:55.970 align:start position:0% eventually become a powerful tool of 00:05:55.970 --> 00:05:59.680 align:start position:0% eventually become a powerful tool of surveillance<00:05:56.660> and<00:05:56.900> control<00:05:58.270> and<00:05:59.270> in<00:05:59.450> fact 00:05:59.680 --> 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regulate the 00:06:08.420 --> 00:06:10.840 align:start position:0% that it's not to help to regulate the internet<00:06:08.840> because<00:06:09.530> as<00:06:09.740> until<00:06:10.130> direct 00:06:10.840 --> 00:06:10.850 align:start position:0% internet because as until direct 00:06:10.850 --> 00:06:13.480 align:start position:0% internet because as until direct regulation<00:06:11.240> by<00:06:11.990> law<00:06:12.290> can<00:06:12.740> be<00:06:12.920> difficult 00:06:13.480 --> 00:06:13.490 align:start position:0% regulation by law can be difficult 00:06:13.490 --> 00:06:16.390 align:start position:0% regulation by law can be difficult because<00:06:14.120> code<00:06:14.660> is<00:06:14.960> increasingly<00:06:15.590> replacing 00:06:16.390 --> 00:06:16.400 align:start position:0% because code is increasingly replacing 00:06:16.400 --> 00:06:19.000 align:start position:0% because code is increasingly replacing the<00:06:16.520> law<00:06:16.700> as<00:06:16.940> a<00:06:17.000> means<00:06:17.180> of<00:06:17.660> regulation<00:06:18.440> then 00:06:19.000 --> 00:06:19.010 align:start position:0% the law as a means of regulation then 00:06:19.010 --> 00:06:21.310 align:start position:0% the law as a means of regulation then governments<00:06:19.820> can<00:06:20.030> actually<00:06:20.450> use<00:06:20.690> the<00:06:20.900> law<00:06:21.080> in 00:06:21.310 --> 00:06:21.320 align:start position:0% governments can actually use the law in 00:06:21.320 --> 00:06:23.710 align:start position:0% governments can actually use the law in order<00:06:21.500> to<00:06:21.680> regulate<00:06:22.280> the<00:06:22.460> code<00:06:22.700> by<00:06:23.330> actually 00:06:23.710 --> 00:06:23.720 align:start position:0% order to regulate the code by actually 00:06:23.720 --> 00:06:26.050 align:start position:0% order to regulate the code by actually exacting<00:06:24.440> criteria<00:06:24.650> on<00:06:25.280> those<00:06:25.730> online 00:06:26.050 --> 00:06:26.060 align:start position:0% exacting criteria on those online 00:06:26.060 --> 00:06:28.690 align:start position:0% exacting criteria on those online operators<00:06:26.990> which<00:06:27.290> are<00:06:27.500> indeed<00:06:27.950> operating 00:06:28.690 --> 00:06:28.700 align:start position:0% operators which are indeed operating 00:06:28.700 --> 00:06:32.530 align:start position:0% operators which are indeed operating that<00:06:28.940> code<00:06:30.070> but<00:06:31.070> can<00:06:31.280> the<00:06:31.400> same<00:06:31.580> solution<00:06:32.240> be 00:06:32.530 --> 00:06:32.540 align:start position:0% that code but can the same solution be 00:06:32.540 --> 00:06:34.990 align:start position:0% that code but can the same solution be applied<00:06:32.960> to<00:06:33.380> a<00:06:33.410> blockchain<00:06:33.770> based<00:06:34.100> system<00:06:34.640> and 00:06:34.990 --> 00:06:35.000 align:start position:0% applied to a blockchain based system and 00:06:35.000 --> 00:06:37.150 align:start position:0% applied to a blockchain based system and so<00:06:35.480> the<00:06:35.570> problem<00:06:35.960> here<00:06:36.140> is<00:06:36.350> that<00:06:36.380> we<00:06:36.770> would 00:06:37.150 --> 00:06:37.160 align:start position:0% so the problem here is that we would 00:06:37.160 --> 00:06:37.399 align:start position:0% so the problem here is that we would have 00:06:37.399 --> 00:06:37.409 align:start position:0% have 00:06:37.409 --> 00:06:39.709 align:start position:0% have option<00:06:37.739> we<00:06:37.889> actually<00:06:38.429> have<00:06:38.550> lost<00:06:38.909> one<00:06:39.419> of<00:06:39.449> the 00:06:39.709 --> 00:06:39.719 align:start position:0% option we actually have lost one of the 00:06:39.719 --> 00:06:42.949 align:start position:0% option we actually have lost one of the most<00:06:40.189> effective<00:06:41.189> means<00:06:41.519> of<00:06:41.879> regulation<00:06:42.689> which 00:06:42.949 --> 00:06:42.959 align:start position:0% most effective means of regulation which 00:06:42.959 --> 00:06:45.649 align:start position:0% most effective means of regulation which are<00:06:43.199> the<00:06:43.379> intermediary<00:06:44.159> operator<00:06:44.610> and<00:06:45.479> if 00:06:45.649 --> 00:06:45.659 align:start position:0% are the intermediary operator and if 00:06:45.659 --> 00:06:47.929 align:start position:0% are the intermediary operator and if there<00:06:45.839> is<00:06:45.989> no<00:06:46.169> intermediary<00:06:46.739> operator<00:06:47.279> then 00:06:47.929 --> 00:06:47.939 align:start position:0% there is no intermediary operator then 00:06:47.939 --> 00:06:50.359 align:start position:0% there is no intermediary operator then it<00:06:48.089> becomes<00:06:48.449> much<00:06:48.659> harder<00:06:48.929> to<00:06:49.259> leverage<00:06:50.159> the 00:06:50.359 --> 00:06:50.369 align:start position:0% it becomes much harder to leverage the 00:06:50.369 --> 00:06:52.249 align:start position:0% it becomes much harder to leverage the traditional<00:06:51.059> means<00:06:51.300> of<00:06:51.509> regulation<00:06:52.229> that 00:06:52.249 --> 00:06:52.259 align:start position:0% traditional means of regulation that 00:06:52.259 --> 00:06:54.469 align:start position:0% traditional means of regulation that were<00:06:52.529> available<00:06:52.889> on<00:06:53.309> the<00:06:53.519> internet<00:06:53.939> because 00:06:54.469 --> 00:06:54.479 align:start position:0% were available on the internet because 00:06:54.479 --> 00:06:56.600 align:start position:0% were available on the internet because it<00:06:54.839> actually<00:06:55.229> is<00:06:55.289> no<00:06:55.529> longer<00:06:55.830> so<00:06:56.039> easy<00:06:56.309> to 00:06:56.600 --> 00:06:56.610 align:start position:0% it actually is no longer so easy to 00:06:56.610 --> 00:06:58.879 align:start position:0% it actually is no longer so easy to identify<00:06:57.300> what<00:06:57.539> is<00:06:57.719> the<00:06:57.749> actual<00:06:58.199> object<00:06:58.679> of 00:06:58.879 --> 00:06:58.889 align:start position:0% identify what is the actual object of 00:06:58.889 --> 00:07:02.359 align:start position:0% identify what is the actual object of regulation<00:06:59.639> and<00:07:00.679> so<00:07:01.679> if<00:07:01.800> we<00:07:01.949> look<00:07:02.099> at<00:07:02.249> the 00:07:02.359 --> 00:07:02.369 align:start position:0% regulation and so if we look at the 00:07:02.369 --> 00:07:04.609 align:start position:0% regulation and so if we look at the early<00:07:02.759> narrative<00:07:03.389> and<00:07:03.599> promises<00:07:04.289> of<00:07:04.559> the 00:07:04.609 --> 00:07:04.619 align:start position:0% early narrative and promises of the 00:07:04.619 --> 00:07:07.790 align:start position:0% early narrative and promises of the early<00:07:05.219> blockchain<00:07:05.639> advocates<00:07:06.300> then<00:07:07.019> we<00:07:07.589> might 00:07:07.790 --> 00:07:07.800 align:start position:0% early blockchain advocates then we might 00:07:07.800 --> 00:07:09.559 align:start position:0% early blockchain advocates then we might actually<00:07:07.949> notice<00:07:08.610> that<00:07:08.789> those<00:07:08.969> are<00:07:09.119> actually 00:07:09.559 --> 00:07:09.569 align:start position:0% actually notice that those are actually 00:07:09.569 --> 00:07:12.499 align:start position:0% actually notice that those are actually quite<00:07:09.809> similar<00:07:10.439> to<00:07:10.769> those<00:07:11.459> the<00:07:11.849> narrative<00:07:12.329> of 00:07:12.499 --> 00:07:12.509 align:start position:0% quite similar to those the narrative of 00:07:12.509 --> 00:07:15.139 align:start position:0% quite similar to those the narrative of the<00:07:12.569> early<00:07:13.199> internet<00:07:13.469> pioneers<00:07:14.129> and<00:07:14.459> so<00:07:15.029> the 00:07:15.139 --> 00:07:15.149 align:start position:0% the early internet pioneers and so the 00:07:15.149 --> 00:07:16.579 align:start position:0% the early internet pioneers and so the question<00:07:15.479> then<00:07:15.629> is<00:07:15.809> whether<00:07:16.050> blockchain 00:07:16.579 --> 00:07:16.589 align:start position:0% question then is whether blockchain 00:07:16.589 --> 00:07:18.589 align:start position:0% question then is whether blockchain technologies<00:07:17.339> could<00:07:17.669> actually<00:07:17.849> succeed 00:07:18.589 --> 00:07:18.599 align:start position:0% technologies could actually succeed 00:07:18.599 --> 00:07:21.139 align:start position:0% technologies could actually succeed where<00:07:19.110> the<00:07:19.259> Internet<00:07:19.739> has<00:07:19.860> failed<00:07:20.249> can<00:07:21.029> it 00:07:21.139 --> 00:07:21.149 align:start position:0% where the Internet has failed can it 00:07:21.149 --> 00:07:22.459 align:start position:0% where the Internet has failed can it become<00:07:21.269> this<00:07:21.719> new<00:07:21.929> tool<00:07:22.229> of 00:07:22.459 --> 00:07:22.469 align:start position:0% become this new tool of 00:07:22.469 --> 00:07:24.529 align:start position:0% become this new tool of disintermediation<00:07:23.039> an<00:07:23.969> individual 00:07:24.529 --> 00:07:24.539 align:start position:0% disintermediation an individual 00:07:24.539 --> 00:07:27.499 align:start position:0% disintermediation an individual emancipation<00:07:25.409> that<00:07:25.769> the<00:07:26.399> internet<00:07:26.999> pioneers 00:07:27.499 --> 00:07:27.509 align:start position:0% emancipation that the internet pioneers 00:07:27.509 --> 00:07:30.229 align:start position:0% emancipation that the internet pioneers were<00:07:27.749> advocating<00:07:28.319> for<00:07:28.800> and<00:07:29.129> can<00:07:29.759> it<00:07:29.879> actually 00:07:30.229 --> 00:07:30.239 align:start position:0% were advocating for and can it actually 00:07:30.239 --> 00:07:33.259 align:start position:0% were advocating for and can it actually help<00:07:30.509> materialize<00:07:31.379> these<00:07:31.860> early<00:07:32.550> visions<00:07:33.089> of 00:07:33.259 --> 00:07:33.269 align:start position:0% help materialize these early visions of 00:07:33.269 --> 00:07:35.779 align:start position:0% help materialize these early visions of the<00:07:33.539> cypherpunks<00:07:34.189> leading<00:07:35.189> to<00:07:35.369> this<00:07:35.519> whole 00:07:35.779 --> 00:07:35.789 align:start position:0% the cypherpunks leading to this whole 00:07:35.789 --> 00:07:39.709 align:start position:0% the cypherpunks leading to this whole new<00:07:35.999> wave<00:07:36.269> of<00:07:36.539> crypto<00:07:37.229> energy<00:07:37.769> and<00:07:38.569> so<00:07:39.569> when 00:07:39.709 --> 00:07:39.719 align:start position:0% new wave of crypto energy and so when 00:07:39.719 --> 00:07:41.329 align:start position:0% new wave of crypto energy and so when talking<00:07:39.929> about<00:07:40.169> the<00:07:40.349> regulation<00:07:40.679> of<00:07:41.189> the 00:07:41.329 --> 00:07:41.339 align:start position:0% talking about the regulation of the 00:07:41.339 --> 00:07:43.939 align:start position:0% talking about the regulation of the cyberspace<00:07:41.959> people<00:07:42.959> introduced<00:07:43.559> the<00:07:43.740> notion 00:07:43.939 --> 00:07:43.949 align:start position:0% cyberspace people introduced the notion 00:07:43.949 --> 00:07:46.790 align:start position:0% cyberspace people introduced the notion of<00:07:44.269> irregular<00:07:45.269> bility<00:07:45.719> in<00:07:46.289> order<00:07:46.619> to 00:07:46.790 --> 00:07:46.800 align:start position:0% of irregular bility in order to 00:07:46.800 --> 00:07:49.309 align:start position:0% of irregular bility in order to highlight<00:07:47.039> the<00:07:47.639> difficulties<00:07:48.389> inherent<00:07:48.659> in 00:07:49.309 --> 00:07:49.319 align:start position:0% highlight the difficulties inherent in 00:07:49.319 --> 00:07:51.230 align:start position:0% highlight the difficulties inherent in the<00:07:49.619> regulation<00:07:50.219> of<00:07:50.339> such<00:07:50.579> a<00:07:50.610> global<00:07:51.089> and 00:07:51.230 --> 00:07:51.240 align:start position:0% the regulation of such a global and 00:07:51.240 --> 00:07:53.329 align:start position:0% the regulation of such a global and transnational<00:07:51.599> network<00:07:52.439> like<00:07:52.740> the<00:07:52.919> internet 00:07:53.329 --> 00:07:53.339 align:start position:0% transnational network like the internet 00:07:53.339 --> 00:07:56.059 align:start position:0% transnational network like the internet and<00:07:53.639> in<00:07:54.449> the<00:07:54.539> blockchain<00:07:54.749> space<00:07:55.229> people 00:07:56.059 --> 00:07:56.069 align:start position:0% and in the blockchain space people 00:07:56.069 --> 00:07:58.850 align:start position:0% and in the blockchain space people prefer<00:07:56.699> to<00:07:56.729> refer<00:07:57.389> to<00:07:57.419> those<00:07:57.929> platforms<00:07:58.229> as 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law and so the idea is that a blockchain 00:08:05.999 --> 00:08:08.600 align:start position:0% law and so the idea is that a blockchain based<00:08:06.300> system<00:08:06.749> create<00:08:07.229> its<00:08:07.559> own<00:08:07.919> separate 00:08:08.600 --> 00:08:08.610 align:start position:0% based system create its own separate 00:08:08.610 --> 00:08:10.790 align:start position:0% based system create its own separate technical<00:08:09.209> framework<00:08:09.479> that<00:08:10.259> cannot<00:08:10.589> be 00:08:10.790 --> 00:08:10.800 align:start position:0% technical framework that cannot be 00:08:10.800 --> 00:08:14.929 align:start position:0% technical framework that cannot be touched<00:08:11.069> or<00:08:11.399> affected<00:08:12.179> by<00:08:12.539> the<00:08:12.599> law<00:08:12.839> and<00:08:13.939> we 00:08:14.929 --> 00:08:14.939 align:start position:0% touched or affected by the law and we 00:08:14.939 --> 00:08:17.329 align:start position:0% touched or affected by the law and we can<00:08:15.089> already<00:08:15.209> see<00:08:15.719> quite<00:08:16.079> a<00:08:16.110> few<00:08:16.339> applications 00:08:17.329 --> 00:08:17.339 align:start position:0% can already see quite a few applications 00:08:17.339 --> 00:08:19.249 align:start position:0% can already see quite a few applications of<00:08:17.550> blockchain<00:08:17.999> technologies<00:08:18.719> that<00:08:19.050> are 00:08:19.249 --> 00:08:19.259 align:start position:0% of blockchain technologies that are 00:08:19.259 --> 00:08:21.169 align:start position:0% of blockchain technologies that are actually<00:08:19.919> in<00:08:20.099> direct<00:08:20.550> conflict<00:08:21.059> with 00:08:21.169 --> 00:08:21.179 align:start position:0% actually in direct conflict with 00:08:21.179 --> 00:08:23.959 align:start position:0% actually in direct conflict with existing<00:08:21.809> regulatory<00:08:22.139> frameworks<00:08:22.800> and<00:08:23.159> those 00:08:23.959 --> 00:08:23.969 align:start position:0% existing regulatory frameworks and those 00:08:23.969 --> 00:08:26.359 align:start position:0% existing regulatory frameworks and those application<00:08:24.569> of<00:08:24.749> leveraging<00:08:25.559> the<00:08:25.769> autonomy 00:08:26.359 --> 00:08:26.369 align:start position:0% application of leveraging the autonomy 00:08:26.369 --> 00:08:29.329 align:start position:0% application of leveraging the autonomy of<00:08:26.699> Bitcoin<00:08:27.360> of<00:08:27.629> other<00:08:27.809> cryptocurrencies<00:08:28.339> in 00:08:29.329 --> 00:08:29.339 align:start position:0% of Bitcoin of other cryptocurrencies in 00:08:29.339 --> 00:08:31.669 align:start position:0% of Bitcoin of other cryptocurrencies in order<00:08:29.699> to<00:08:29.909> facilitate<00:08:30.179> money<00:08:30.929> laundering 00:08:31.669 --> 00:08:31.679 align:start position:0% order to facilitate money laundering 00:08:31.679 --> 00:08:33.649 align:start position:0% order to facilitate money laundering are<00:08:31.739> in<00:08:32.159> order<00:08:32.459> to<00:08:32.819> set<00:08:33.180> up<00:08:33.209> some 00:08:33.649 --> 00:08:33.659 align:start position:0% are in order to set up some 00:08:33.659 --> 00:08:35.659 align:start position:0% are in order to set up some decentralized<00:08:34.229> marketplaces<00:08:35.159> for<00:08:35.490> the 00:08:35.659 --> 00:08:35.669 align:start position:0% decentralized marketplaces for the 00:08:35.669 --> 00:08:38.899 align:start position:0% decentralized marketplaces for the trading<00:08:36.209> of<00:08:36.389> illicit<00:08:37.169> goods<00:08:37.559> or<00:08:37.769> services<00:08:38.370> and 00:08:38.899 --> 00:08:38.909 align:start position:0% trading of illicit goods or services and 00:08:38.909 --> 00:08:40.939 align:start position:0% trading of illicit goods or services and then<00:08:39.300> more<00:08:39.479> recently<00:08:39.689> we<00:08:40.259> also<00:08:40.289> found<00:08:40.800> out 00:08:40.939 --> 00:08:40.949 align:start position:0% then more recently we also found out 00:08:40.949 --> 00:08:43.369 align:start position:0% then more recently we also found out that<00:08:41.009> the<00:08:41.309> tamper<00:08:41.669> resistant<00:08:42.329> feature<00:08:42.569> of<00:08:43.079> a 00:08:43.369 --> 00:08:43.379 align:start position:0% that the tamper resistant feature of a 00:08:43.379 --> 00:08:45.920 align:start position:0% that the tamper resistant feature of a blockchain<00:08:43.649> can<00:08:44.069> also<00:08:44.250> be<00:08:44.519> abused<00:08:44.939> in<00:08:45.449> order 00:08:45.920 --> 00:08:45.930 align:start position:0% blockchain can also be abused in order 00:08:45.930 --> 00:08:48.319 align:start position:0% blockchain can also be abused in order to<00:08:46.170> record<00:08:46.709> illegitimate<00:08:47.579> content<00:08:48.059> on<00:08:48.300> a 00:08:48.319 --> 00:08:48.329 align:start position:0% to record illegitimate content on a 00:08:48.329 --> 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prevent the 00:08:57.300 --> 00:08:59.449 align:start position:0% pornography but answer to prevent the excesses<00:08:57.899> of<00:08:57.930> specific<00:08:58.800> rights<00:08:59.040> that 00:08:59.449 --> 00:08:59.459 align:start position:0% excesses of specific rights that 00:08:59.459 --> 00:09:01.910 align:start position:0% excesses of specific rights that actually<00:08:59.939> require<00:09:00.360> the<00:09:00.629> deletion<00:09:01.259> of<00:09:01.379> content 00:09:01.910 --> 00:09:01.920 align:start position:0% actually require the deletion of content 00:09:01.920 --> 00:09:03.590 align:start position:0% actually require the deletion of content such<00:09:02.160> as<00:09:02.310> of<00:09:02.639> course<00:09:02.939> the<00:09:03.149> height<00:09:03.329> with 00:09:03.590 --> 00:09:03.600 align:start position:0% such as of course the height with 00:09:03.600 --> 00:09:07.639 align:start position:0% such as of course the height with forgotten<00:09:04.790> but<00:09:05.790> this<00:09:06.449> discrepancy<00:09:06.959> between 00:09:07.639 --> 00:09:07.649 align:start position:0% forgotten but this discrepancy between 00:09:07.649 --> 00:09:10.579 align:start position:0% forgotten but this discrepancy between the<00:09:08.129> rule<00:09:08.370> of<00:09:08.519> law<00:09:08.819> and<00:09:09.089> the<00:09:09.300> rule<00:09:09.509> of<00:09:09.720> code<00:09:10.290> is 00:09:10.579 --> 00:09:10.589 align:start position:0% the rule of law and the rule of code is 00:09:10.589 --> 00:09:13.309 align:start position:0% the rule of law and the rule of code is perhaps<00:09:11.129> the<00:09:11.519> most<00:09:11.550> apparent<00:09:12.360> in<00:09:12.600> the<00:09:12.809> context 00:09:13.309 --> 00:09:13.319 align:start position:0% perhaps the most apparent in the context 00:09:13.319 --> 00:09:16.160 align:start position:0% perhaps the most apparent in the context of<00:09:13.410> property<00:09:14.089> so<00:09:15.089> traditional<00:09:15.959> property 00:09:16.160 --> 00:09:16.170 align:start position:0% of property so traditional property 00:09:16.170 --> 00:09:18.619 align:start position:0% of property so traditional property rights<00:09:16.649> are<00:09:16.949> defined<00:09:17.670> by<00:09:17.970> the<00:09:18.029> law<00:09:18.300> and<00:09:18.569> the 00:09:18.619 --> 00:09:18.629 align:start position:0% rights are defined by the law and the 00:09:18.629 --> 00:09:20.540 align:start position:0% rights are defined by the law and the thought<00:09:19.259> they<00:09:19.410> can<00:09:19.529> only<00:09:19.740> be<00:09:19.860> taken<00:09:20.279> away<00:09:20.399> by 00:09:20.540 --> 00:09:20.550 align:start position:0% thought they can only be taken away by 00:09:20.550 --> 00:09:23.360 align:start position:0% thought they can only be taken away by the<00:09:20.850> law<00:09:21.120> so<00:09:21.809> if<00:09:22.319> I<00:09:22.499> acquire<00:09:22.800> a<00:09:22.829> particular 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position:0% of what the law says then I could order 00:09:32.699 --> 00:09:35.720 align:start position:0% of what the law says then I could order or<00:09:32.939> a<00:09:32.999> judge<00:09:33.389> or<00:09:33.749> I<00:09:34.319> can<00:09:34.889> essentially<00:09:35.399> be 00:09:35.720 --> 00:09:35.730 align:start position:0% or a judge or I can essentially be 00:09:35.730 --> 00:09:38.150 align:start position:0% or a judge or I can essentially be declared<00:09:36.120> not<00:09:36.480> to<00:09:36.689> be<00:09:36.870> the<00:09:37.319> legitimate<00:09:37.470> owner 00:09:38.150 --> 00:09:38.160 align:start position:0% declared not to be the legitimate owner 00:09:38.160 --> 00:09:41.059 align:start position:0% declared not to be the legitimate owner of<00:09:38.670> this<00:09:39.240> property<00:09:39.870> and<00:09:40.050> the<00:09:40.410> property<00:09:40.889> can<00:09:41.040> be 00:09:41.059 --> 00:09:41.069 align:start position:0% of this property and the property can be 00:09:41.069 --> 00:09:44.929 align:start position:0% of this property and the property can be taken<00:09:41.610> away<00:09:41.910> from<00:09:41.970> me<00:09:42.620> well<00:09:43.620> as<00:09:43.769> when<00:09:44.490> we<00:09:44.639> enter 00:09:44.929 --> 00:09:44.939 align:start position:0% taken away from me well as when we enter 00:09:44.939 --> 00:09:47.660 align:start position:0% taken away from me well as when we enter into<00:09:45.149> this<00:09:45.569> blockchain<00:09:46.319> based<00:09:46.499> systems<00:09:47.040> then 00:09:47.660 --> 00:09:47.670 align:start position:0% into this blockchain based systems then 00:09:47.670 --> 00:09:49.819 align:start position:0% into this blockchain based systems then we<00:09:48.089> encounter<00:09:48.720> those<00:09:48.959> new<00:09:49.230> types<00:09:49.559> of 00:09:49.819 --> 00:09:49.829 align:start position:0% we encounter those new types of 00:09:49.829 --> 00:09:52.879 align:start position:0% we encounter those new types of cryptographic<00:09:50.660> assets<00:09:51.660> or<00:09:51.990> blockchain<00:09:52.740> base 00:09:52.879 --> 00:09:52.889 align:start position:0% cryptographic assets or blockchain base 00:09:52.889 --> 00:09:55.490 align:start position:0% cryptographic assets or blockchain base property<00:09:53.519> that<00:09:54.149> do<00:09:54.269> not<00:09:54.389> actually<00:09:54.930> follow<00:09:55.199> the 00:09:55.490 --> 00:09:55.500 align:start position:0% property that do not actually follow the 00:09:55.500 --> 00:09:58.040 align:start position:0% property that do not actually follow the same<00:09:55.709> rules<00:09:55.980> and<00:09:56.339> so<00:09:57.149> for<00:09:57.329> instance<00:09:57.720> if<00:09:57.930> I 00:09:58.040 --> 00:09:58.050 align:start position:0% same rules and so for instance if I 00:09:58.050 --> 00:10:01.699 align:start position:0% same rules and so for instance if I legitimately<00:09:58.470> acquired<00:09:59.279> a<00:09:59.639> Bitcoin<00:10:00.120> then<00:10:00.959> no 00:10:01.699 --> 00:10:01.709 align:start position:0% legitimately acquired a Bitcoin then no 00:10:01.709 --> 00:10:04.160 align:start position:0% legitimately acquired a Bitcoin then no one<00:10:01.920> has<00:10:02.189> actually<00:10:02.750> unilaterally<00:10:03.750> the<00:10:03.930> power 00:10:04.160 --> 00:10:04.170 align:start position:0% one has actually unilaterally the power 00:10:04.170 --> 00:10:06.799 align:start position:0% one has actually unilaterally the power to<00:10:04.500> seize<00:10:04.800> it<00:10:04.980> from<00:10:05.189> me<00:10:05.370> unless<00:10:05.759> the<00:10:06.509> code 00:10:06.799 --> 00:10:06.809 align:start position:0% to seize it from me unless the code 00:10:06.809 --> 00:10:10.249 align:start position:0% to seize it from me unless the code actually<00:10:07.410> provides<00:10:07.800> for<00:10:08.040> that<00:10:08.189> and<00:10:08.870> then<00:10:09.870> the 00:10:10.249 --> 00:10:10.259 align:start position:0% actually provides for that and then the 00:10:10.259 --> 00:10:11.840 align:start position:0% actually provides for that and then the same<00:10:10.470> issues<00:10:10.920> actually<00:10:11.129> applies<00:10:11.550> in<00:10:11.759> the 00:10:11.840 --> 00:10:11.850 align:start position:0% same issues actually applies in the 00:10:11.850 --> 00:10:14.240 align:start position:0% same issues actually applies in the context<00:10:12.300> of<00:10:12.389> contracts<00:10:13.050> so<00:10:13.559> traditional 00:10:14.240 --> 00:10:14.250 align:start position:0% context of contracts so traditional 00:10:14.250 --> 00:10:16.639 align:start position:0% context of contracts so traditional legal<00:10:14.399> contracts<00:10:15.120> are<00:10:15.240> created<00:10:16.019> according<00:10:16.199> to 00:10:16.639 --> 00:10:16.649 align:start position:0% legal contracts are created according to 00:10:16.649 --> 00:10:18.980 align:start position:0% legal contracts are created according to specific<00:10:17.279> rules<00:10:17.550> which<00:10:17.819> are<00:10:18.300> defined<00:10:18.750> by 00:10:18.980 --> 00:10:18.990 align:start position:0% specific rules which are defined by 00:10:18.990 --> 00:10:22.069 align:start position:0% specific rules which are defined by contract<00:10:19.500> law<00:10:19.680> and<00:10:19.889> which<00:10:20.850> are<00:10:21.059> the<00:10:21.209> design<00:10:21.720> to 00:10:22.069 --> 00:10:22.079 align:start position:0% contract law and which are the design to 00:10:22.079 --> 00:10:24.049 align:start position:0% contract law and which are the design to actually<00:10:22.410> create<00:10:22.920> a<00:10:23.220> binding<00:10:23.879> agreement 00:10:24.049 --> 00:10:24.059 align:start position:0% actually create a binding agreement 00:10:24.059 --> 00:10:26.929 align:start position:0% actually create a binding agreement between<00:10:24.779> two<00:10:25.019> parties<00:10:25.649> but<00:10:26.430> those<00:10:26.610> agreements 00:10:26.929 --> 00:10:26.939 align:start position:0% between two parties but those agreements 00:10:26.939 --> 00:10:29.119 align:start position:0% between two parties but those agreements can<00:10:27.449> only<00:10:27.689> be<00:10:27.930> enforced<00:10:28.649> through<00:10:28.769> the 00:10:29.119 --> 00:10:29.129 align:start position:0% can only be enforced through the 00:10:29.129 --> 00:10:31.610 align:start position:0% can only be enforced through the intervention<00:10:29.550> of<00:10:30.000> a<00:10:30.240> third<00:10:30.480> party<00:10:30.689> Authority 00:10:31.610 --> 00:10:31.620 align:start position:0% intervention of a third party Authority 00:10:31.620 --> 00:10:34.040 align:start position:0% intervention of a third party Authority which<00:10:32.279> needs<00:10:32.519> to<00:10:32.699> read<00:10:32.939> and<00:10:33.179> understand<00:10:33.899> and 00:10:34.040 --> 00:10:34.050 align:start position:0% which needs to read and understand and 00:10:34.050 --> 00:10:36.889 align:start position:0% which needs to read and understand and interpret<00:10:34.410> the<00:10:34.980> meaning<00:10:35.189> of<00:10:35.459> those<00:10:36.300> contracts 00:10:36.889 --> 00:10:36.899 align:start position:0% interpret the meaning of those contracts 00:10:36.899 --> 00:10:38.540 align:start position:0% interpret the meaning of those contracts in<00:10:37.110> order<00:10:37.199> to<00:10:37.500> identify<00:10:37.649> what<00:10:38.399> the<00:10:38.519> real 00:10:38.540 --> 00:10:38.550 align:start position:0% in order to identify what the real 00:10:38.550 --> 00:10:41.960 align:start position:0% in order to identify what the real intention<00:10:39.480> of<00:10:39.629> the<00:10:39.809> parties<00:10:39.990> well<00:10:40.500> and<00:10:41.009> when 00:10:41.960 --> 00:10:41.970 align:start position:0% intention of the parties well and when 00:10:41.970 --> 00:10:44.240 align:start position:0% intention of the parties well and when we<00:10:42.149> move<00:10:42.329> into<00:10:42.540> those<00:10:42.929> blocks<00:10:43.439> and<00:10:43.620> assistance 00:10:44.240 --> 00:10:44.250 align:start position:0% we move into those blocks and assistance 00:10:44.250 --> 00:10:46.610 align:start position:0% we move into those blocks and assistance then<00:10:44.550> we<00:10:44.850> can<00:10:45.029> now<00:10:45.209> create<00:10:45.569> those<00:10:45.959> new<00:10:46.290> types 00:10:46.610 --> 00:10:46.620 align:start position:0% then we can now create those new types 00:10:46.620 --> 00:10:49.970 align:start position:0% then we can now create those new types of<00:10:47.899> contractual<00:10:48.899> arrangements<00:10:49.800> through 00:10:49.970 --> 00:10:49.980 align:start position:0% of contractual arrangements through 00:10:49.980 --> 00:10:51.919 align:start position:0% of contractual arrangements through those<00:10:50.339> blocks<00:10:50.610> in<00:10:50.730> very<00:10:50.939> smart<00:10:51.329> contracts 00:10:51.919 --> 00:10:51.929 align:start position:0% those blocks in very smart contracts 00:10:51.929 --> 00:10:54.639 align:start position:0% those blocks in very smart contracts which<00:10:52.410> are<00:10:52.679> defined<00:10:53.009> only<00:10:53.730> and<00:10:54.240> exclusively 00:10:54.639 --> 00:10:54.649 align:start position:0% which are defined only and exclusively 00:10:54.649 --> 00:10:57.290 align:start position:0% which are defined only and exclusively by<00:10:55.649> the<00:10:55.679> code<00:10:56.069> which<00:10:56.429> is<00:10:56.610> deployed<00:10:57.000> on<00:10:57.269> the 00:10:57.290 --> 00:10:57.300 align:start position:0% by the code which is deployed on the 00:10:57.300 --> 00:11:00.079 align:start position:0% by the code which is deployed on the blockchain<00:10:57.660> and<00:10:58.170> so<00:10:58.860> those<00:10:59.699> agreements 00:11:00.079 --> 00:11:00.089 align:start position:0% blockchain and so those agreements 00:11:00.089 --> 00:11:01.540 align:start position:0% blockchain and so those agreements actually<00:11:00.750> in<00:11:00.809> the<00:11:00.899> longer 00:11:01.540 --> 00:11:01.550 align:start position:0% actually in the longer 00:11:01.550 --> 00:11:04.300 align:start position:0% actually in the longer choir<00:11:01.760> third<00:11:02.209> party<00:11:02.720> intervention<00:11:03.310> because 00:11:04.300 --> 00:11:04.310 align:start position:0% choir third party intervention because 00:11:04.310 --> 00:11:06.130 align:start position:0% choir third party intervention because the<00:11:04.519> contractual<00:11:05.029> provision<00:11:05.720> will<00:11:05.990> be 00:11:06.130 --> 00:11:06.140 align:start position:0% the contractual provision will be 00:11:06.140 --> 00:11:09.100 align:start position:0% the contractual provision will be automatically<00:11:07.100> and<00:11:07.430> fast<00:11:07.790> and<00:11:08.089> executed<00:11:08.959> by 00:11:09.100 --> 00:11:09.110 align:start position:0% automatically and fast and executed by 00:11:09.110 --> 00:11:11.560 align:start position:0% automatically and fast and executed by the<00:11:09.320> underlying<00:11:10.040> technology<00:11:10.760> of<00:11:10.940> course 00:11:11.560 --> 00:11:11.570 align:start position:0% the underlying technology of course 00:11:11.570 --> 00:11:14.290 align:start position:0% the underlying technology of course which<00:11:11.870> however<00:11:12.200> cannot<00:11:12.890> actually<00:11:13.300> identify 00:11:14.290 --> 00:11:14.300 align:start position:0% which however cannot actually identify 00:11:14.300 --> 00:11:16.120 align:start position:0% which however cannot actually identify what<00:11:14.540> the<00:11:14.810> real<00:11:14.839> intention<00:11:15.769> of<00:11:15.860> the<00:11:15.980> parties 00:11:16.120 --> 00:11:16.130 align:start position:0% what the real intention of the parties 00:11:16.130 --> 00:11:19.000 align:start position:0% what the real intention of the parties were<00:11:16.580> but<00:11:16.970> will<00:11:17.420> just<00:11:17.450> merely<00:11:18.079> apply<00:11:18.649> the 00:11:19.000 --> 00:11:19.010 align:start position:0% were but will just merely apply the 00:11:19.010 --> 00:11:23.230 align:start position:0% were but will just merely apply the wordings<00:11:19.430> of<00:11:19.640> the<00:11:19.820> code<00:11:20.029> and<00:11:20.890> so<00:11:21.890> overall<00:11:22.610> what 00:11:23.230 --> 00:11:23.240 align:start position:0% wordings of the code and so overall what 00:11:23.240 --> 00:11:25.300 align:start position:0% wordings of the code and so overall what this<00:11:23.450> all<00:11:23.630> means<00:11:23.839> is<00:11:24.140> that<00:11:24.230> it<00:11:24.920> is<00:11:24.980> now 00:11:25.300 --> 00:11:25.310 align:start position:0% this all means is that it is now 00:11:25.310 --> 00:11:28.210 align:start position:0% this all means is that it is now possible<00:11:25.610> to<00:11:26.029> deploy<00:11:26.360> software<00:11:27.050> entities<00:11:27.920> on 00:11:28.210 --> 00:11:28.220 align:start position:0% possible to deploy software entities on 00:11:28.220 --> 00:11:30.880 align:start position:0% possible to deploy software entities on a<00:11:28.279> blockchain<00:11:28.730> in<00:11:29.269> such<00:11:29.779> a<00:11:29.810> way<00:11:30.140> that<00:11:30.470> they<00:11:30.620> can 00:11:30.880 --> 00:11:30.890 align:start position:0% a blockchain in such a way that they can 00:11:30.890 --> 00:11:33.970 align:start position:0% a blockchain in such a way that they can de<00:11:31.279> facto<00:11:31.820> act<00:11:32.149> as<00:11:32.510> autonomous<00:11:33.410> agents 00:11:33.970 --> 00:11:33.980 align:start position:0% de facto act as autonomous agents 00:11:33.980 --> 00:11:37.269 align:start position:0% de facto act as autonomous agents because<00:11:34.790> those<00:11:35.029> agent<00:11:35.480> can<00:11:35.750> own<00:11:36.019> property<00:11:36.829> to 00:11:37.269 --> 00:11:37.279 align:start position:0% because those agent can own property to 00:11:37.279 --> 00:11:38.769 align:start position:0% because those agent can own property to the<00:11:37.399> extent<00:11:37.760> that<00:11:37.820> this<00:11:38.000> property<00:11:38.570> can<00:11:38.720> be 00:11:38.769 --> 00:11:38.779 align:start position:0% the extent that this property can be 00:11:38.779 --> 00:11:40.750 align:start position:0% the extent that this property can be digitally<00:11:39.470> represented<00:11:40.160> on<00:11:40.339> a<00:11:40.399> blockchain 00:11:40.750 --> 00:11:40.760 align:start position:0% digitally represented on a blockchain 00:11:40.760 --> 00:11:43.240 align:start position:0% digitally represented on a blockchain and<00:11:41.180> they<00:11:41.510> can<00:11:41.630> also<00:11:41.779> engage<00:11:42.079> into<00:11:42.649> a<00:11:42.680> series 00:11:43.240 --> 00:11:43.250 align:start position:0% and they can also engage into a series 00:11:43.250 --> 00:11:45.460 align:start position:0% and they can also engage into a series of<00:11:43.279> contractual<00:11:44.060> relationship<00:11:44.779> through<00:11:45.079> the 00:11:45.460 --> 00:11:45.470 align:start position:0% of contractual relationship through the 00:11:45.470 --> 00:11:48.130 align:start position:0% of contractual relationship through the smart<00:11:45.740> contracts<00:11:46.339> and<00:11:46.640> most<00:11:47.570> importantly 00:11:48.130 --> 00:11:48.140 align:start position:0% smart contracts and most importantly 00:11:48.140 --> 00:11:50.440 align:start position:0% smart contracts and most importantly even<00:11:48.440> to<00:11:49.010> most<00:11:49.490> of<00:11:49.730> those<00:11:49.850> agents<00:11:50.360> are 00:11:50.440 --> 00:11:50.450 align:start position:0% even to most of those agents are 00:11:50.450 --> 00:11:52.509 align:start position:0% even to most of those agents are actually<00:11:50.750> quite<00:11:50.959> simple<00:11:51.350> in<00:11:51.829> the<00:11:52.130> sense<00:11:52.160> that 00:11:52.509 --> 00:11:52.519 align:start position:0% actually quite simple in the sense that 00:11:52.519 --> 00:11:54.610 align:start position:0% actually quite simple in the sense that they<00:11:52.790> do<00:11:52.850> not<00:11:53.089> feature<00:11:53.480> any<00:11:53.779> type<00:11:54.230> of 00:11:54.610 --> 00:11:54.620 align:start position:0% they do not feature any type of 00:11:54.620 --> 00:11:57.819 align:start position:0% they do not feature any type of decisional<00:11:55.399> autonomy<00:11:56.120> of<00:11:56.269> AI<00:11:56.570> they<00:11:57.500> do<00:11:57.649> not 00:11:57.819 --> 00:11:57.829 align:start position:0% decisional autonomy of AI they do not 00:11:57.829 --> 00:12:00.009 align:start position:0% decisional autonomy of AI they do not the<00:11:57.980> less<00:11:58.160> benefit<00:11:58.910> from<00:11:59.120> a<00:11:59.240> different<00:11:59.510> type 00:12:00.009 --> 00:12:00.019 align:start position:0% the less benefit from a different type 00:12:00.019 --> 00:12:02.920 align:start position:0% the less benefit from a different type of<00:12:00.230> autonomy<00:12:01.010> which<00:12:01.459> is<00:12:01.640> mostly<00:12:02.000> operational 00:12:02.920 --> 00:12:02.930 align:start position:0% of autonomy which is mostly operational 00:12:02.930 --> 00:12:04.660 align:start position:0% of autonomy which is mostly operational because<00:12:03.440> they<00:12:03.589> can<00:12:03.769> be<00:12:03.890> designed<00:12:04.040> to<00:12:04.430> operate 00:12:04.660 --> 00:12:04.670 align:start position:0% because they can be designed to operate 00:12:04.670 --> 00:12:07.269 align:start position:0% because they can be designed to operate autonomously<00:12:05.269> and<00:12:05.829> independently<00:12:06.829> of<00:12:06.980> any 00:12:07.269 --> 00:12:07.279 align:start position:0% autonomously and independently of any 00:12:07.279 --> 00:12:11.170 align:start position:0% autonomously and independently of any third<00:12:07.490> party<00:12:07.940> authority<00:12:08.630> and<00:12:09.370> so<00:12:10.370> this<00:12:10.880> leads 00:12:11.170 --> 00:12:11.180 align:start position:0% third party authority and so this leads 00:12:11.180 --> 00:12:13.319 align:start position:0% third party authority and so this leads us<00:12:11.390> to<00:12:11.630> what<00:12:12.290> I<00:12:12.320> consider<00:12:12.500> to<00:12:13.010> be<00:12:13.040> the<00:12:13.130> most 00:12:13.319 --> 00:12:13.329 align:start position:0% us to what I consider to be the most 00:12:13.329 --> 00:12:15.910 align:start position:0% us to what I consider to be the most exciting<00:12:14.329> aspect<00:12:14.870> of<00:12:14.990> blockchain 00:12:15.910 --> 00:12:15.920 align:start position:0% exciting aspect of blockchain 00:12:15.920 --> 00:12:17.980 align:start position:0% exciting aspect of blockchain technologies<00:12:16.459> which<00:12:17.149> is<00:12:17.329> the<00:12:17.450> ability<00:12:17.660> to 00:12:17.980 --> 00:12:17.990 align:start position:0% technologies which is the ability to 00:12:17.990 --> 00:12:20.829 align:start position:0% technologies which is the ability to create<00:12:18.620> those<00:12:18.860> new<00:12:19.130> types<00:12:19.459> of<00:12:19.839> algorithmic 00:12:20.829 --> 00:12:20.839 align:start position:0% create those new types of algorithmic 00:12:20.839 --> 00:12:23.410 align:start position:0% create those new types of algorithmic and<00:12:21.020> entities<00:12:21.440> that<00:12:21.890> can<00:12:22.399> be<00:12:22.579> regarded<00:12:22.760> to 00:12:23.410 --> 00:12:23.420 align:start position:0% and entities that can be regarded to 00:12:23.420 --> 00:12:26.110 align:start position:0% and entities that can be regarded to some<00:12:23.630> extent<00:12:24.079> as<00:12:24.380> a<00:12:24.860> blockchain<00:12:25.370> based<00:12:25.760> life 00:12:26.110 --> 00:12:26.120 align:start position:0% some extent as a blockchain based life 00:12:26.120 --> 00:12:28.710 align:start position:0% some extent as a blockchain based life form<00:12:26.420> because<00:12:27.350> they<00:12:27.529> are<00:12:27.649> autonomous 00:12:28.710 --> 00:12:28.720 align:start position:0% form because they are autonomous 00:12:28.720 --> 00:12:30.760 align:start position:0% form because they are autonomous self-sufficient<00:12:29.720> in<00:12:30.110> the<00:12:30.290> sense<00:12:30.500> that<00:12:30.589> they 00:12:30.760 --> 00:12:30.770 align:start position:0% self-sufficient in the sense that they 00:12:30.770 --> 00:12:32.800 align:start position:0% self-sufficient in the sense that they can<00:12:30.800> collect<00:12:31.339> the<00:12:31.610> licenses<00:12:32.240> that<00:12:32.270> they<00:12:32.570> need 00:12:32.800 --> 00:12:32.810 align:start position:0% can collect the licenses that they need 00:12:32.810 --> 00:12:35.199 align:start position:0% can collect the licenses that they need in<00:12:33.020> order<00:12:33.110> to<00:12:33.410> sustain<00:12:33.649> themselves<00:12:34.100> and<00:12:34.670> of 00:12:35.199 --> 00:12:35.209 align:start position:0% in order to sustain themselves and of 00:12:35.209 --> 00:12:37.660 align:start position:0% in order to sustain themselves and of course<00:12:35.510> like<00:12:35.839> any<00:12:36.079> other<00:12:36.500> type<00:12:36.829> of<00:12:36.860> life<00:12:37.370> form 00:12:37.660 --> 00:12:37.670 align:start position:0% course like any other type of life form 00:12:37.670 --> 00:12:39.220 align:start position:0% course like any other type of life form they<00:12:37.940> are<00:12:37.970> potentially<00:12:38.600> capable<00:12:39.079> of 00:12:39.220 --> 00:12:39.230 align:start position:0% they are potentially capable of 00:12:39.230 --> 00:12:42.790 align:start position:0% they are potentially capable of reproducing<00:12:39.680> themselves<00:12:40.270> and<00:12:41.270> so<00:12:41.959> this<00:12:42.620> might 00:12:42.790 --> 00:12:42.800 align:start position:0% reproducing themselves and so this might 00:12:42.800 --> 00:12:44.680 align:start position:0% reproducing themselves and so this might sound<00:12:43.040> a<00:12:43.250> little<00:12:43.279> bit<00:12:43.579> confusing<00:12:44.240> at<00:12:44.630> first 00:12:44.680 --> 00:12:44.690 align:start position:0% sound a little bit confusing at first 00:12:44.690 --> 00:12:47.260 align:start position:0% sound a little bit confusing at first but<00:12:45.380> in<00:12:45.709> order<00:12:45.980> to<00:12:46.130> illustrate<00:12:46.310> this<00:12:47.060> concept 00:12:47.260 --> 00:12:47.270 align:start position:0% but in order to illustrate this concept 00:12:47.270 --> 00:12:50.290 align:start position:0% but in order to illustrate this concept I<00:12:47.810> have<00:12:48.170> brought<00:12:48.440> here<00:12:48.800> a<00:12:49.040> small<00:12:49.370> prototype<00:12:49.670> of 00:12:50.290 --> 00:12:50.300 align:start position:0% I have brought here a small prototype of 00:12:50.300 --> 00:12:53.050 align:start position:0% I have brought here a small prototype of a<00:12:50.690> blockchain<00:12:50.959> base<00:12:51.290> life<00:12:51.529> form<00:12:51.860> which<00:12:52.610> you 00:12:53.050 --> 00:12:53.060 align:start position:0% a blockchain base life form which you 00:12:53.060 --> 00:12:59.650 align:start position:0% a blockchain base life form which you can<00:12:53.209> interact<00:12:53.690> with<00:12:54.850> so<00:12:57.430> let<00:12:58.430> me<00:12:58.579> just<00:12:58.850> turn<00:12:59.480> it 00:12:59.650 --> 00:12:59.660 align:start position:0% can interact with so let me just turn it 00:12:59.660 --> 00:13:02.570 align:start position:0% can interact with so let me just turn it on 00:13:02.570 --> 00:13:02.580 align:start position:0% 00:13:02.580 --> 00:13:05.960 align:start position:0% so<00:13:03.570> this<00:13:04.110> is<00:13:04.290> a<00:13:04.589> plant<00:13:05.010> ID<00:13:05.220> which<00:13:05.640> is 00:13:05.960 --> 00:13:05.970 align:start position:0% so this is a plant ID which is 00:13:05.970 --> 00:13:08.720 align:start position:0% so this is a plant ID which is essentially<00:13:06.660> the<00:13:06.870> Android<00:13:07.470> version<00:13:07.800> of<00:13:08.310> a 00:13:08.720 --> 00:13:08.730 align:start position:0% essentially the Android version of a 00:13:08.730 --> 00:13:12.079 align:start position:0% essentially the Android version of a plant<00:13:09.560> and<00:13:10.560> this<00:13:10.890> is<00:13:11.010> my<00:13:11.160> personal<00:13:11.220> attempt 00:13:12.079 --> 00:13:12.089 align:start position:0% plant and this is my personal attempt 00:13:12.089 --> 00:13:14.960 align:start position:0% plant and this is my personal attempt are<00:13:12.269> trying<00:13:12.720> to<00:13:12.930> illustrate<00:13:13.529> in<00:13:13.890> the<00:13:14.519> physical 00:13:14.960 --> 00:13:14.970 align:start position:0% are trying to illustrate in the physical 00:13:14.970 --> 00:13:18.079 align:start position:0% are trying to illustrate in the physical world<00:13:15.320> what<00:13:16.320> are<00:13:16.529> the<00:13:16.800> basic<00:13:17.250> functionalities 00:13:18.079 --> 00:13:18.089 align:start position:0% world what are the basic functionalities 00:13:18.089 --> 00:13:20.000 align:start position:0% world what are the basic functionalities but<00:13:18.330> also<00:13:18.510> what<00:13:18.870> are<00:13:19.019> the<00:13:19.050> legal<00:13:19.410> challenge 00:13:20.000 --> 00:13:20.010 align:start position:0% but also what are the legal challenge 00:13:20.010 --> 00:13:22.389 align:start position:0% but also what are the legal challenge faced<00:13:20.459> by<00:13:20.750> decentralized<00:13:21.750> autonomous 00:13:22.389 --> 00:13:22.399 align:start position:0% faced by decentralized autonomous 00:13:22.399 --> 00:13:25.970 align:start position:0% faced by decentralized autonomous organizations<00:13:23.399> and<00:13:23.790> so<00:13:24.630> how<00:13:25.380> does<00:13:25.440> this<00:13:25.740> work 00:13:25.970 --> 00:13:25.980 align:start position:0% organizations and so how does this work 00:13:25.980 --> 00:13:30.710 align:start position:0% organizations and so how does this work exactly<00:13:27.140> so<00:13:28.820> plants<00:13:29.820> traditional<00:13:30.390> plants 00:13:30.710 --> 00:13:30.720 align:start position:0% exactly so plants traditional plants 00:13:30.720 --> 00:13:33.440 align:start position:0% exactly so plants traditional plants most<00:13:30.959> of<00:13:31.110> them<00:13:31.260> are<00:13:31.550> incapable<00:13:32.550> to<00:13:32.760> reproduce 00:13:33.440 --> 00:13:33.450 align:start position:0% most of them are incapable to reproduce 00:13:33.450 --> 00:13:35.720 align:start position:0% most of them are incapable to reproduce themselves<00:13:33.690> on<00:13:34.170> their<00:13:34.290> own<00:13:34.350> and<00:13:34.740> they<00:13:35.310> require 00:13:35.720 --> 00:13:35.730 align:start position:0% themselves on their own and they require 00:13:35.730 --> 00:13:38.180 align:start position:0% themselves on their own and they require the<00:13:36.029> help<00:13:36.300> of<00:13:36.480> top<00:13:36.750> part<00:13:37.050> is<00:13:37.350> to<00:13:37.680> help<00:13:37.860> them 00:13:38.180 --> 00:13:38.190 align:start position:0% the help of top part is to help them 00:13:38.190 --> 00:13:40.639 align:start position:0% the help of top part is to help them reproduce<00:13:38.790> to<00:13:39.360> the<00:13:39.480> process<00:13:39.959> of<00:13:40.170> pollination 00:13:40.639 --> 00:13:40.649 align:start position:0% reproduce to the process of pollination 00:13:40.649 --> 00:13:43.940 align:start position:0% reproduce to the process of pollination and<00:13:41.450> in<00:13:42.450> the<00:13:42.540> same<00:13:42.750> way<00:13:42.899> plantoids<00:13:43.470> are<00:13:43.740> also 00:13:43.940 --> 00:13:43.950 align:start position:0% and in the same way plantoids are also 00:13:43.950 --> 00:13:46.670 align:start position:0% and in the same way plantoids are also incapable<00:13:44.850> of<00:13:45.060> reproducing<00:13:45.450> themselves<00:13:46.170> on 00:13:46.670 --> 00:13:46.680 align:start position:0% incapable of reproducing themselves on 00:13:46.680 --> 00:13:49.100 align:start position:0% incapable of reproducing themselves on their<00:13:46.800> own<00:13:46.980> and<00:13:47.310> they<00:13:48.120> require<00:13:48.480> the<00:13:48.690> help<00:13:48.899> of 00:13:49.100 --> 00:13:49.110 align:start position:0% their own and they require the help of 00:13:49.110 --> 00:13:51.620 align:start position:0% their own and they require the help of third<00:13:49.350> party<00:13:49.829> in<00:13:49.950> this<00:13:50.070> case<00:13:50.339> humans<00:13:51.060> to 00:13:51.620 --> 00:13:51.630 align:start position:0% third party in this case humans to 00:13:51.630 --> 00:13:53.449 align:start position:0% third party in this case humans to actually<00:13:52.110> help<00:13:52.350> them<00:13:52.529> in<00:13:52.680> the<00:13:52.800> reproduction 00:13:53.449 --> 00:13:53.459 align:start position:0% actually help them in the reproduction 00:13:53.459 --> 00:13:56.240 align:start position:0% actually help them in the reproduction process<00:13:53.550> by<00:13:54.450> donating<00:13:55.079> capital<00:13:55.620> to<00:13:55.829> them<00:13:56.010> in 00:13:56.240 --> 00:13:56.250 align:start position:0% process by donating capital to them in 00:13:56.250 --> 00:13:59.930 align:start position:0% process by donating capital to them in the<00:13:56.430> form<00:13:56.700> of<00:13:56.910> cryptocurrencies<00:13:57.600> and<00:13:58.399> so<00:13:59.399> one 00:13:59.930 --> 00:13:59.940 align:start position:0% the form of cryptocurrencies and so one 00:13:59.940 --> 00:14:01.639 align:start position:0% the form of cryptocurrencies and so one important<00:14:00.420> thing<00:14:00.630> to<00:14:00.839> understand<00:14:01.350> about<00:14:01.470> a 00:14:01.639 --> 00:14:01.649 align:start position:0% important thing to understand about a 00:14:01.649 --> 00:14:03.590 align:start position:0% important thing to understand about a plant<00:14:02.010> art<00:14:02.220> is<00:14:02.459> that<00:14:02.490> it<00:14:02.910> is<00:14:03.060> made<00:14:03.329> of<00:14:03.570> two 00:14:03.590 --> 00:14:03.600 align:start position:0% plant art is that it is made of two 00:14:03.600 --> 00:14:06.500 align:start position:0% plant art is that it is made of two separate<00:14:04.350> components<00:14:04.850> one<00:14:05.850> is<00:14:06.060> the<00:14:06.300> body 00:14:06.500 --> 00:14:06.510 align:start position:0% separate components one is the body 00:14:06.510 --> 00:14:08.780 align:start position:0% separate components one is the body which<00:14:07.079> is<00:14:07.230> essentially<00:14:07.800> this<00:14:07.950> mechanical 00:14:08.780 --> 00:14:08.790 align:start position:0% which is essentially this mechanical 00:14:08.790 --> 00:14:11.000 align:start position:0% which is essentially this mechanical sculpture<00:14:09.480> that<00:14:09.810> subsist<00:14:10.350> in<00:14:10.500> the<00:14:10.589> physical 00:14:11.000 --> 00:14:11.010 align:start position:0% sculpture that subsist in the physical 00:14:11.010 --> 00:14:13.579 align:start position:0% sculpture that subsist in the physical world<00:14:11.220> and<00:14:11.459> the<00:14:11.550> other<00:14:12.089> one<00:14:12.390> is<00:14:12.630> the<00:14:12.810> spirit<00:14:13.380> of 00:14:13.579 --> 00:14:13.589 align:start position:0% world and the other one is the spirit of 00:14:13.589 --> 00:14:16.010 align:start position:0% world and the other one is the spirit of the<00:14:13.740> soul<00:14:14.040> of<00:14:14.279> the<00:14:14.520> plant<00:14:14.760> side<00:14:14.970> that<00:14:15.480> subsist 00:14:16.010 --> 00:14:16.020 align:start position:0% the soul of the plant side that subsist 00:14:16.020 --> 00:14:18.380 align:start position:0% the soul of the plant side that subsist as<00:14:16.260> a<00:14:16.320> smart<00:14:16.829> contract<00:14:17.399> on<00:14:17.579> the<00:14:17.820> ethereum 00:14:18.380 --> 00:14:18.390 align:start position:0% as a smart contract on the ethereum 00:14:18.390 --> 00:14:20.690 align:start position:0% as a smart contract on the ethereum blockchain<00:14:18.420> and<00:14:19.140> those<00:14:19.890> two<00:14:20.010> components 00:14:20.690 --> 00:14:20.700 align:start position:0% blockchain and those two components 00:14:20.700 --> 00:14:22.639 align:start position:0% blockchain and those two components interact<00:14:21.060> with<00:14:21.390> each<00:14:21.510> other<00:14:21.720> in<00:14:22.200> order<00:14:22.440> to 00:14:22.639 --> 00:14:22.649 align:start position:0% interact with each other in order to 00:14:22.649 --> 00:14:25.400 align:start position:0% interact with each other in order to bring<00:14:23.070> the<00:14:23.310> plant<00:14:23.579> or<00:14:23.790> to<00:14:23.970> life<00:14:24.149> and<00:14:24.570> of<00:14:25.170> course 00:14:25.400 --> 00:14:25.410 align:start position:0% bring the plant or to life and of course 00:14:25.410 --> 00:14:27.470 align:start position:0% bring the plant or to life and of course in<00:14:25.560> order<00:14:25.709> to<00:14:25.890> ensure<00:14:26.370> its<00:14:26.579> capacity<00:14:27.300> of 00:14:27.470 --> 00:14:27.480 align:start position:0% in order to ensure its capacity of 00:14:27.480 --> 00:14:30.769 align:start position:0% in order to ensure its capacity of reproducing<00:14:28.290> and<00:14:28.700> so<00:14:29.700> let's<00:14:30.240> look<00:14:30.420> at<00:14:30.600> what 00:14:30.769 --> 00:14:30.779 align:start position:0% reproducing and so let's look at what 00:14:30.779 --> 00:14:33.139 align:start position:0% reproducing and so let's look at what are<00:14:30.930> the<00:14:31.050> different<00:14:31.500> phases<00:14:31.800> of<00:14:32.149> reproduction 00:14:33.139 --> 00:14:33.149 align:start position:0% are the different phases of reproduction 00:14:33.149 --> 00:14:35.780 align:start position:0% are the different phases of reproduction of<00:14:33.270> a<00:14:33.510> plant<00:14:33.779> oil<00:14:34.070> so<00:14:35.070> the<00:14:35.160> first<00:14:35.370> one<00:14:35.520> is<00:14:35.670> the 00:14:35.780 --> 00:14:35.790 align:start position:0% of a plant oil so the first one is the 00:14:35.790 --> 00:14:37.910 align:start position:0% of a plant oil so the first one is the capitalization<00:14:36.329> phase<00:14:36.839> which<00:14:37.500> is<00:14:37.680> when<00:14:37.800> the 00:14:37.910 --> 00:14:37.920 align:start position:0% capitalization phase which is when the 00:14:37.920 --> 00:14:40.130 align:start position:0% capitalization phase which is when the planter<00:14:38.310> will<00:14:38.579> try<00:14:38.790> and<00:14:39.029> make<00:14:39.180> itself<00:14:39.540> pretty 00:14:40.130 --> 00:14:40.140 align:start position:0% planter will try and make itself pretty 00:14:40.140 --> 00:14:42.620 align:start position:0% planter will try and make itself pretty in<00:14:40.560> order<00:14:41.070> to<00:14:41.279> lure<00:14:41.550> people<00:14:41.850> into<00:14:42.329> donating 00:14:42.620 --> 00:14:42.630 align:start position:0% in order to lure people into donating 00:14:42.630 --> 00:14:45.800 align:start position:0% in order to lure people into donating some<00:14:43.620> cryptocurrencies<00:14:44.100> to<00:14:44.670> it<00:14:44.820> and<00:14:45.060> so<00:14:45.510> every 00:14:45.800 --> 00:14:45.810 align:start position:0% some cryptocurrencies to it and so every 00:14:45.810 --> 00:14:47.660 align:start position:0% some cryptocurrencies to it and so every plant<00:14:46.050> or<00:14:46.230> it<00:14:46.320> has<00:14:46.500> its<00:14:46.709> own<00:14:46.829> eternam<00:14:47.310> account 00:14:47.660 --> 00:14:47.670 align:start position:0% plant or it has its own eternam account 00:14:47.670 --> 00:14:49.730 align:start position:0% plant or it has its own eternam account that<00:14:48.000> people<00:14:48.300> can<00:14:48.449> send<00:14:48.720> funds<00:14:48.959> to<00:14:49.230> and 00:14:49.730 --> 00:14:49.740 align:start position:0% that people can send funds to and 00:14:49.740 --> 00:14:52.160 align:start position:0% that people can send funds to and whenever<00:14:50.130> it<00:14:50.339> has<00:14:50.520> collected<00:14:50.760> some<00:14:51.480> fans<00:14:51.720> then 00:14:52.160 --> 00:14:52.170 align:start position:0% whenever it has collected some fans then 00:14:52.170 --> 00:14:54.290 align:start position:0% whenever it has collected some fans then the<00:14:52.740> plant<00:14:52.980> that<00:14:53.130> will<00:14:53.339> show<00:14:53.550> some<00:14:53.850> form<00:14:54.060> of 00:14:54.290 --> 00:14:54.300 align:start position:0% the plant that will show some form of 00:14:54.300 --> 00:14:58.069 align:start position:0% the plant that will show some form of appreciation<00:14:54.690> to<00:14:55.470> to<00:14:56.250> thank<00:14:56.520> the<00:14:56.730> Sunda<00:14:57.149> by 00:14:58.069 --> 00:14:58.079 align:start position:0% appreciation to to thank the Sunda by 00:14:58.079 --> 00:15:01.189 align:start position:0% appreciation to to thank the Sunda by doing<00:14:58.620> some<00:14:58.860> dances<00:14:59.459> or<00:14:59.790> by<00:15:00.029> playing<00:15:00.449> music<00:15:00.990> or 00:15:01.189 --> 00:15:01.199 align:start position:0% doing some dances or by playing music or 00:15:01.199 --> 00:15:04.009 align:start position:0% doing some dances or by playing music or by<00:15:01.410> doing<00:15:01.470> some<00:15:01.920> small<00:15:02.579> light<00:15:02.820> show<00:15:03.089> so<00:15:03.720> I'm 00:15:04.009 --> 00:15:04.019 align:start position:0% by doing some small light show so I'm 00:15:04.019 --> 00:15:06.560 align:start position:0% by doing some small light show so I'm gonna<00:15:04.199> do<00:15:04.440> a<00:15:04.470> small<00:15:04.829> demonstration<00:15:05.269> I'm<00:15:06.269> gonna 00:15:06.560 --> 00:15:06.570 align:start position:0% gonna do a small demonstration I'm gonna 00:15:06.570 --> 00:15:11.380 align:start position:0% gonna do a small demonstration I'm gonna feed<00:15:06.899> this<00:15:07.079> little<00:15:07.140> plant<00:15:08.070> out<00:15:08.279> with<00:15:09.209> some<00:15:09.690> eat 00:15:11.380 --> 00:15:11.390 align:start position:0% feed this little plant out with some eat 00:15:11.390 --> 00:15:14.639 align:start position:0% feed this little plant out with some eat and 00:15:14.639 --> 00:15:14.649 align:start position:0% 00:15:14.649 --> 00:15:16.079 align:start position:0% hopefully<00:15:15.100> it's<00:15:15.309> gonna<00:15:15.459> be<00:15:15.639> thankful<00:15:16.059> for 00:15:16.079 --> 00:15:16.089 align:start position:0% hopefully it's gonna be thankful for 00:15:16.089 --> 00:15:19.619 align:start position:0% hopefully it's gonna be thankful for that<00:15:16.389> and<00:15:17.490> so<00:15:18.490> what<00:15:18.759> is<00:15:18.910> happening<00:15:19.300> is<00:15:19.449> that 00:15:19.619 --> 00:15:19.629 align:start position:0% that and so what is happening is that 00:15:19.629 --> 00:15:22.410 align:start position:0% that and so what is happening is that the<00:15:20.170> planted<00:15:20.619> is<00:15:20.769> constantly<00:15:21.459> monitoring<00:15:21.999> its 00:15:22.410 --> 00:15:22.420 align:start position:0% the planted is constantly monitoring its 00:15:22.420 --> 00:15:25.850 align:start position:0% the planted is constantly monitoring its balance<00:15:22.869> on<00:15:23.199> the<00:15:24.119> Italian<00:15:25.119> blockchain<00:15:25.600> and 00:15:25.850 --> 00:15:25.860 align:start position:0% balance on the Italian blockchain and 00:15:25.860 --> 00:15:28.559 align:start position:0% balance on the Italian blockchain and whenever<00:15:26.860> it<00:15:27.189> does<00:15:27.339> notice<00:15:28.180> that<00:15:28.389> it<00:15:28.540> has 00:15:28.559 --> 00:15:28.569 align:start position:0% whenever it does notice that it has 00:15:28.569 --> 00:15:30.210 align:start position:0% whenever it does notice that it has actually<00:15:29.019> collected<00:15:29.559> a<00:15:29.619> sufficient<00:15:30.100> amount 00:15:30.210 --> 00:15:30.220 align:start position:0% actually collected a sufficient amount 00:15:30.220 --> 00:15:32.910 align:start position:0% actually collected a sufficient amount of<00:15:30.490> funds<00:15:30.790> in<00:15:31.089> order<00:15:31.420> to<00:15:31.629> reproduce<00:15:31.809> itself<00:15:32.529> it 00:15:32.910 --> 00:15:32.920 align:start position:0% of funds in order to reproduce itself it 00:15:32.920 --> 00:15:35.699 align:start position:0% of funds in order to reproduce itself it will<00:15:33.369> trigger<00:15:33.699> the<00:15:34.269> math<00:15:34.809> contracts<00:15:35.410> on<00:15:35.559> the 00:15:35.699 --> 00:15:35.709 align:start position:0% will trigger the math contracts on the 00:15:35.709 --> 00:15:37.489 align:start position:0% will trigger the math contracts on the Italian<00:15:36.069> blockchain<00:15:36.579> which<00:15:36.759> will<00:15:37.240> actually 00:15:37.489 --> 00:15:37.499 align:start position:0% Italian blockchain which will actually 00:15:37.499 --> 00:15:39.389 align:start position:0% Italian blockchain which will actually activate<00:15:38.499> the<00:15:38.769> second<00:15:39.160> phase<00:15:39.369> of 00:15:39.389 --> 00:15:39.399 align:start position:0% activate the second phase of 00:15:39.399 --> 00:15:42.030 align:start position:0% activate the second phase of reproduction<00:15:40.420> which<00:15:41.110> is<00:15:41.290> the<00:15:41.439> mating<00:15:41.649> phase 00:15:42.030 --> 00:15:42.040 align:start position:0% reproduction which is the mating phase 00:15:42.040 --> 00:15:43.710 align:start position:0% reproduction which is the mating phase and<00:15:42.369> this<00:15:42.879> is<00:15:42.999> when<00:15:43.119> the<00:15:43.209> planted<00:15:43.600> will 00:15:43.710 --> 00:15:43.720 align:start position:0% and this is when the planted will 00:15:43.720 --> 00:15:46.169 align:start position:0% and this is when the planted will actually<00:15:44.199> actively<00:15:44.769> start<00:15:45.220> looking<00:15:45.819> for<00:15:45.850> her 00:15:46.169 --> 00:15:46.179 align:start position:0% actually actively start looking for her 00:15:46.179 --> 00:15:48.569 align:start position:0% actually actively start looking for her mate<00:15:46.449> in<00:15:46.749> order<00:15:46.929> to<00:15:47.139> help<00:15:47.439> it<00:15:47.679> reproduce<00:15:48.220> and 00:15:48.569 --> 00:15:48.579 align:start position:0% mate in order to help it reproduce and 00:15:48.579 --> 00:15:50.939 align:start position:0% mate in order to help it reproduce and this<00:15:49.389> is<00:15:49.509> done<00:15:49.660> again<00:15:50.079> via<00:15:50.499> the<00:15:50.709> smart 00:15:50.939 --> 00:15:50.949 align:start position:0% this is done again via the smart 00:15:50.949 --> 00:15:53.129 align:start position:0% this is done again via the smart contract<00:15:51.189> on<00:15:51.610> the<00:15:51.759> Chilean<00:15:52.089> blockchain<00:15:52.629> that 00:15:53.129 --> 00:15:53.139 align:start position:0% contract on the Chilean blockchain that 00:15:53.139 --> 00:15:56.040 align:start position:0% contract on the Chilean blockchain that will<00:15:53.319> open<00:15:53.740> a<00:15:53.920> call<00:15:54.249> for<00:15:54.759> bids<00:15:55.050> inviting 00:15:56.040 --> 00:15:56.050 align:start position:0% will open a call for bids inviting 00:15:56.050 --> 00:15:58.530 align:start position:0% will open a call for bids inviting artists<00:15:56.649> designer<00:15:57.249> or<00:15:57.730> anyone<00:15:58.179> to<00:15:58.209> submit 00:15:58.530 --> 00:15:58.540 align:start position:0% artists designer or anyone to submit 00:15:58.540 --> 00:16:01.530 align:start position:0% artists designer or anyone to submit propositions<00:15:59.410> as<00:15:59.679> to<00:16:00.220> how<00:16:00.399> they<00:16:00.639> envision<00:16:01.300> to 00:16:01.530 --> 00:16:01.540 align:start position:0% propositions as to how they envision to 00:16:01.540 --> 00:16:06.150 align:start position:0% propositions as to how they envision to produce<00:16:01.779> the<00:16:02.259> next<00:16:02.470> plant<00:16:02.829> I'd<00:16:03.009> and<00:16:04.439> so<00:16:05.439> the 00:16:06.150 --> 00:16:06.160 align:start position:0% produce the next plant I'd and so the 00:16:06.160 --> 00:16:09.689 align:start position:0% produce the next plant I'd and so the people<00:16:06.519> that<00:16:06.699> then<00:16:06.910> have<00:16:08.399> submitted<00:16:09.399> a 00:16:09.689 --> 00:16:09.699 align:start position:0% people that then have submitted a 00:16:09.699 --> 00:16:11.220 align:start position:0% people that then have submitted a proposition<00:16:10.269> and<00:16:10.420> then<00:16:10.809> the<00:16:10.959> people<00:16:11.079> that 00:16:11.220 --> 00:16:11.230 align:start position:0% proposition and then the people that 00:16:11.230 --> 00:16:13.109 align:start position:0% proposition and then the people that have<00:16:11.439> founded<00:16:11.800> the<00:16:11.949> planter<00:16:12.429> can<00:16:12.670> then<00:16:12.819> vote 00:16:13.109 --> 00:16:13.119 align:start position:0% have founded the planter can then vote 00:16:13.119 --> 00:16:15.689 align:start position:0% have founded the planter can then vote on<00:16:13.149> those<00:16:13.569> different<00:16:14.079> propositions<00:16:14.740> that 00:16:15.689 --> 00:16:15.699 align:start position:0% on those different propositions that 00:16:15.699 --> 00:16:17.340 align:start position:0% on those different propositions that they<00:16:15.850> liked<00:16:16.029> the<00:16:16.179> most<00:16:16.209> and<00:16:16.660> then<00:16:16.990> eventually 00:16:17.340 --> 00:16:17.350 align:start position:0% they liked the most and then eventually 00:16:17.350 --> 00:16:19.590 align:start position:0% they liked the most and then eventually the<00:16:17.679> smart<00:16:17.949> contract<00:16:18.459> will<00:16:18.610> then<00:16:18.759> process<00:16:19.360> all 00:16:19.590 --> 00:16:19.600 align:start position:0% the smart contract will then process all 00:16:19.600 --> 00:16:21.569 align:start position:0% the smart contract will then process all this<00:16:19.749> information<00:16:19.809> and<00:16:20.679> eventually<00:16:21.429> will 00:16:21.569 --> 00:16:21.579 align:start position:0% this information and eventually will 00:16:21.579 --> 00:16:23.699 align:start position:0% this information and eventually will identify<00:16:21.730> which<00:16:22.540> one<00:16:22.779> is<00:16:22.990> the<00:16:23.139> winner<00:16:23.319> and 00:16:23.699 --> 00:16:23.709 align:start position:0% identify which one is the winner and 00:16:23.709 --> 00:16:26.189 align:start position:0% identify which one is the winner and this<00:16:24.189> is<00:16:24.339> what<00:16:24.490> will<00:16:24.699> activate<00:16:25.300> the<00:16:25.629> third<00:16:25.839> and 00:16:26.189 --> 00:16:26.199 align:start position:0% this is what will activate the third and 00:16:26.199 --> 00:16:28.559 align:start position:0% this is what will activate the third and final<00:16:26.709> phase<00:16:26.740> of<00:16:27.249> the<00:16:27.399> production<00:16:27.970> which<00:16:28.389> is 00:16:28.559 --> 00:16:28.569 align:start position:0% final phase of the production which is 00:16:28.569 --> 00:16:30.780 align:start position:0% final phase of the production which is the<00:16:28.689> -<00:16:28.929> phase<00:16:29.439> and<00:16:29.800> this<00:16:30.279> is<00:16:30.429> when<00:16:30.610> the 00:16:30.780 --> 00:16:30.790 align:start position:0% the - phase and this is when the 00:16:30.790 --> 00:16:33.119 align:start position:0% the - phase and this is when the Plantard<00:16:31.240> will<00:16:31.509> execute<00:16:31.899> as<00:16:32.410> much<00:16:32.649> contract 00:16:33.119 --> 00:16:33.129 align:start position:0% Plantard will execute as much contract 00:16:33.129 --> 00:16:35.040 align:start position:0% Plantard will execute as much contract transaction<00:16:33.819> in<00:16:33.970> order<00:16:34.120> to<00:16:34.449> transfer<00:16:34.899> the 00:16:35.040 --> 00:16:35.050 align:start position:0% transaction in order to transfer the 00:16:35.050 --> 00:16:37.530 align:start position:0% transaction in order to transfer the funds<00:16:35.319> that<00:16:35.649> it<00:16:35.800> has<00:16:35.920> collected<00:16:36.309> so<00:16:36.670> far<00:16:36.699> to 00:16:37.530 --> 00:16:37.540 align:start position:0% funds that it has collected so far to 00:16:37.540 --> 00:16:39.569 align:start position:0% funds that it has collected so far to the<00:16:37.720> selected<00:16:38.199> winner<00:16:38.439> who<00:16:39.069> will<00:16:39.189> then<00:16:39.370> be 00:16:39.569 --> 00:16:39.579 align:start position:0% the selected winner who will then be 00:16:39.579 --> 00:16:41.939 align:start position:0% the selected winner who will then be hired<00:16:39.879> by<00:16:40.449> the<00:16:40.509> planter<00:16:41.050> in<00:16:41.290> order<00:16:41.559> to<00:16:41.709> create 00:16:41.939 --> 00:16:41.949 align:start position:0% hired by the planter in order to create 00:16:41.949 --> 00:16:45.509 align:start position:0% hired by the planter in order to create a<00:16:42.160> new<00:16:42.339> copy<00:16:42.550> of<00:16:42.730> itself<00:16:44.189> and<00:16:45.189> then<00:16:45.399> of<00:16:45.490> course 00:16:45.509 --> 00:16:45.519 align:start position:0% a new copy of itself and then of course 00:16:45.519 --> 00:16:48.210 align:start position:0% a new copy of itself and then of course plantoids<00:16:46.089> are<00:16:46.329> not<00:16:46.569> inherently<00:16:47.110> selfish<00:16:47.829> but 00:16:48.210 --> 00:16:48.220 align:start position:0% plantoids are not inherently selfish but 00:16:48.220 --> 00:16:50.639 align:start position:0% plantoids are not inherently selfish but they<00:16:48.429> also<00:16:48.579> care<00:16:49.059> about<00:16:49.300> their<00:16:49.839> own<00:16:49.990> theaters 00:16:50.639 --> 00:16:50.649 align:start position:0% they also care about their own theaters 00:16:50.649 --> 00:16:52.619 align:start position:0% they also care about their own theaters and<00:16:51.100> so<00:16:51.370> every<00:16:51.579> time<00:16:51.610> appointed<00:16:52.120> has 00:16:52.619 --> 00:16:52.629 align:start position:0% and so every time appointed has 00:16:52.629 --> 00:16:54.600 align:start position:0% and so every time appointed has accumulated<00:16:53.050> a<00:16:53.439> sufficient<00:16:53.920> amount<00:16:54.040> of<00:16:54.309> funds 00:16:54.600 --> 00:16:54.610 align:start position:0% accumulated a sufficient amount of funds 00:16:54.610 --> 00:16:57.030 align:start position:0% accumulated a sufficient amount of funds to<00:16:54.850> reproduce<00:16:55.329> itself<00:16:55.749> it<00:16:56.139> will<00:16:56.620> spend<00:16:56.860> a 00:16:57.030 --> 00:16:57.040 align:start position:0% to reproduce itself it will spend a 00:16:57.040 --> 00:16:59.400 align:start position:0% to reproduce itself it will spend a small<00:16:57.339> portion<00:16:57.699> of<00:16:57.970> those<00:16:58.329> funds<00:16:58.660> back<00:16:59.110> to<00:16:59.290> its 00:16:59.400 --> 00:16:59.410 align:start position:0% small portion of those funds back to its 00:16:59.410 --> 00:17:01.739 align:start position:0% small portion of those funds back to its pattern<00:16:59.860> to<00:17:00.339> the<00:17:00.429> planter<00:17:00.790> that<00:17:00.819> generated<00:17:01.600> it 00:17:01.739 --> 00:17:01.749 align:start position:0% pattern to the planter that generated it 00:17:01.749 --> 00:17:03.809 align:start position:0% pattern to the planter that generated it and<00:17:01.990> another<00:17:02.470> small<00:17:02.799> portion<00:17:03.249> of<00:17:03.339> those<00:17:03.519> funds 00:17:03.809 --> 00:17:03.819 align:start position:0% and another small portion of those funds 00:17:03.819 --> 00:17:06.299 align:start position:0% and another small portion of those funds will<00:17:04.120> be<00:17:04.329> sent<00:17:04.750> to<00:17:04.929> the<00:17:05.199> artist<00:17:05.620> to<00:17:05.829> the<00:17:06.010> person 00:17:06.299 --> 00:17:06.309 align:start position:0% will be sent to the artist to the person 00:17:06.309 --> 00:17:08.939 align:start position:0% will be sent to the artist to the person that<00:17:06.429> actually<00:17:06.549> created<00:17:07.149> it<00:17:07.419> and<00:17:07.659> so<00:17:08.380> this 00:17:08.939 --> 00:17:08.949 align:start position:0% that actually created it and so this 00:17:08.949 --> 00:17:11.309 align:start position:0% that actually created it and so this kind<00:17:09.189> of<00:17:09.370> pyramid<00:17:09.880> scheme<00:17:10.179> actually<00:17:10.839> comes 00:17:11.309 --> 00:17:11.319 align:start position:0% kind of pyramid scheme actually comes 00:17:11.319 --> 00:17:14.279 align:start position:0% kind of pyramid scheme actually comes with<00:17:11.529> two<00:17:11.799> important<00:17:12.459> benefits<00:17:12.990> so<00:17:13.990> the<00:17:14.079> first 00:17:14.279 --> 00:17:14.289 align:start position:0% with two important benefits so the first 00:17:14.289 --> 00:17:16.260 align:start position:0% with two important benefits so the first one<00:17:14.470> is<00:17:14.500> that<00:17:14.620> I<00:17:15.100> created<00:17:15.699> the<00:17:15.880> genesis 00:17:16.260 --> 00:17:16.270 align:start position:0% one is that I created the genesis 00:17:16.270 --> 00:17:18.480 align:start position:0% one is that I created the genesis planted<00:17:16.720> and<00:17:16.929> so<00:17:17.079> I<00:17:17.169> currently<00:17:17.230> stand<00:17:18.100> at<00:17:18.250> the 00:17:18.480 --> 00:17:18.490 align:start position:0% planted and so I currently stand at the 00:17:18.490 --> 00:17:21.449 align:start position:0% planted and so I currently stand at the top<00:17:18.699> of<00:17:18.939> this<00:17:19.059> pyramid<00:17:19.829> but<00:17:20.829> the<00:17:20.860> second<00:17:21.309> one 00:17:21.449 --> 00:17:21.459 align:start position:0% top of this pyramid but the second one 00:17:21.459 --> 00:17:22.860 align:start position:0% top of this pyramid but the second one which<00:17:21.610> is<00:17:21.730> more<00:17:21.850> important<00:17:22.360> is<00:17:22.539> that<00:17:22.569> this 00:17:22.860 --> 00:17:22.870 align:start position:0% which is more important is that this 00:17:22.870 --> 00:17:24.539 align:start position:0% which is more important is that this actually<00:17:23.020> creates<00:17:23.350> a<00:17:23.740> positive<00:17:24.010> incentive 00:17:24.539 --> 00:17:24.549 align:start position:0% actually creates a positive incentive 00:17:24.549 --> 00:17:27.629 align:start position:0% actually creates a positive incentive accession<00:17:25.360> structure<00:17:25.990> for<00:17:26.529> every<00:17:26.889> artist<00:17:27.370> to 00:17:27.629 --> 00:17:27.639 align:start position:0% accession structure for every artist to 00:17:27.639 --> 00:17:28.169 align:start position:0% accession structure for every artist to try 00:17:28.169 --> 00:17:28.179 align:start position:0% try 00:17:28.179 --> 00:17:30.299 align:start position:0% try and<00:17:28.269> create<00:17:28.779> the<00:17:28.960> most<00:17:29.169> beautiful<00:17:29.470> or<00:17:30.039> the 00:17:30.299 --> 00:17:30.309 align:start position:0% and create the most beautiful or the 00:17:30.309 --> 00:17:32.549 align:start position:0% and create the most beautiful or the most<00:17:30.490> interesting<00:17:30.639> plant<00:17:31.450> I'd<00:17:31.690> because<00:17:32.409> the 00:17:32.549 --> 00:17:32.559 align:start position:0% most interesting plant I'd because the 00:17:32.559 --> 00:17:34.950 align:start position:0% most interesting plant I'd because the most<00:17:32.710> popular<00:17:33.309> this<00:17:33.549> planted<00:17:34.029> will<00:17:34.210> be<00:17:34.360> then 00:17:34.950 --> 00:17:34.960 align:start position:0% most popular this planted will be then 00:17:34.960 --> 00:17:37.350 align:start position:0% most popular this planted will be then the<00:17:35.259> more<00:17:35.470> fans<00:17:36.070> it<00:17:36.340> will<00:17:36.519> be<00:17:36.639> able<00:17:36.759> to<00:17:37.029> collect 00:17:37.350 --> 00:17:37.360 align:start position:0% the more fans it will be able to collect 00:17:37.360 --> 00:17:39.779 align:start position:0% the more fans it will be able to collect and<00:17:37.629> reproduce<00:17:38.110> under<00:17:38.289> for<00:17:38.710> the<00:17:39.249> high<00:17:39.460> of<00:17:39.639> the 00:17:39.779 --> 00:17:39.789 align:start position:0% and reproduce under for the high of the 00:17:39.789 --> 00:17:41.669 align:start position:0% and reproduce under for the high of the royalties<00:17:40.360> that<00:17:40.389> the<00:17:40.809> artist<00:17:41.230> will<00:17:41.409> be<00:17:41.440> able 00:17:41.669 --> 00:17:41.679 align:start position:0% royalties that the artist will be able 00:17:41.679 --> 00:17:45.989 align:start position:0% royalties that the artist will be able to<00:17:41.919> collect<00:17:42.279> and<00:17:43.289> then<00:17:44.429> another<00:17:45.429> interesting 00:17:45.989 --> 00:17:45.999 align:start position:0% to collect and then another interesting 00:17:45.999 --> 00:17:48.690 align:start position:0% to collect and then another interesting aspect<00:17:46.119> of<00:17:46.480> this<00:17:46.659> is<00:17:46.720> that<00:17:47.100> this<00:17:48.100> to<00:17:48.519> some 00:17:48.690 --> 00:17:48.700 align:start position:0% aspect of this is that this to some 00:17:48.700 --> 00:17:50.519 align:start position:0% aspect of this is that this to some extent<00:17:49.090> disrupt<00:17:49.659> the<00:17:49.960> traditional 00:17:50.519 --> 00:17:50.529 align:start position:0% extent disrupt the traditional 00:17:50.529 --> 00:17:52.710 align:start position:0% extent disrupt the traditional conception<00:17:51.220> of<00:17:51.399> copyright<00:17:51.970> law<00:17:52.210> which<00:17:52.450> is 00:17:52.710 --> 00:17:52.720 align:start position:0% conception of copyright law which is 00:17:52.720 --> 00:17:55.109 align:start position:0% conception of copyright law which is based<00:17:52.960> on<00:17:53.230> the<00:17:53.350> notion<00:17:53.529> of<00:17:53.919> scarcity<00:17:54.730> and 00:17:55.109 --> 00:17:55.119 align:start position:0% based on the notion of scarcity and 00:17:55.119 --> 00:17:56.220 align:start position:0% based on the notion of scarcity and exclusivity 00:17:56.220 --> 00:17:56.230 align:start position:0% exclusivity 00:17:56.230 --> 00:17:58.739 align:start position:0% exclusivity whereas<00:17:56.980> here<00:17:57.279> every<00:17:57.730> artist<00:17:58.149> actually<00:17:58.360> has 00:17:58.739 --> 00:17:58.749 align:start position:0% whereas here every artist actually has 00:17:58.749 --> 00:18:01.259 align:start position:0% whereas here every artist actually has the<00:17:58.929> strongest<00:17:59.379> incentive<00:18:00.070> to<00:18:00.279> maximize<00:18:00.490> the 00:18:01.259 --> 00:18:01.269 align:start position:0% the strongest incentive to maximize the 00:18:01.269 --> 00:18:03.450 align:start position:0% the strongest incentive to maximize the dissemination<00:18:01.600> of<00:18:02.080> its<00:18:02.289> work<00:18:02.529> because<00:18:03.279> that 00:18:03.450 --> 00:18:03.460 align:start position:0% dissemination of its work because that 00:18:03.460 --> 00:18:05.310 align:start position:0% dissemination of its work because that will<00:18:03.610> enable<00:18:03.850> the<00:18:04.149> planter<00:18:04.539> to<00:18:04.749> collect<00:18:05.110> more 00:18:05.310 --> 00:18:05.320 align:start position:0% will enable the planter to collect more 00:18:05.320 --> 00:18:07.889 align:start position:0% will enable the planter to collect more funds<00:18:05.649> but<00:18:06.279> also<00:18:06.460> to<00:18:06.730> encourage<00:18:07.240> the<00:18:07.509> remix 00:18:07.889 --> 00:18:07.899 align:start position:0% funds but also to encourage the remix 00:18:07.899 --> 00:18:09.629 align:start position:0% funds but also to encourage the remix and<00:18:08.200> the<00:18:08.289> creation<00:18:08.740> of<00:18:08.799> derivative<00:18:09.399> works 00:18:09.629 --> 00:18:09.639 align:start position:0% and the creation of derivative works 00:18:09.639 --> 00:18:11.129 align:start position:0% and the creation of derivative works because<00:18:10.179> this<00:18:10.389> is<00:18:10.539> actually<00:18:10.690> what<00:18:10.899> we 00:18:11.129 --> 00:18:11.139 align:start position:0% because this is actually what we 00:18:11.139 --> 00:18:13.950 align:start position:0% because this is actually what we maximize<00:18:11.740> the<00:18:11.769> return<00:18:12.399> on<00:18:12.610> investment<00:18:12.960> but 00:18:13.950 --> 00:18:13.960 align:start position:0% maximize the return on investment but 00:18:13.960 --> 00:18:15.840 align:start position:0% maximize the return on investment but then<00:18:14.080> more<00:18:14.259> importantly<00:18:14.919> what<00:18:15.249> it<00:18:15.399> does<00:18:15.580> is 00:18:15.840 --> 00:18:15.850 align:start position:0% then more importantly what it does is 00:18:15.850 --> 00:18:17.700 align:start position:0% then more importantly what it does is that<00:18:15.879> it<00:18:16.059> actually<00:18:16.330> is<00:18:16.659> shifting<00:18:17.350> the<00:18:17.379> focus 00:18:17.700 --> 00:18:17.710 align:start position:0% that it actually is shifting the focus 00:18:17.710 --> 00:18:20.999 align:start position:0% that it actually is shifting the focus away<00:18:18.249> from<00:18:18.519> the<00:18:19.330> artist<00:18:19.869> and<00:18:20.169> two<00:18:20.590> of<00:18:20.769> the 00:18:20.999 --> 00:18:21.009 align:start position:0% away from the artist and two of the 00:18:21.009 --> 00:18:23.700 align:start position:0% away from the artist and two of the artists<00:18:21.460> and<00:18:21.820> so<00:18:22.360> instead<00:18:22.720> of<00:18:22.779> sending<00:18:23.230> money 00:18:23.700 --> 00:18:23.710 align:start position:0% artists and so instead of sending money 00:18:23.710 --> 00:18:26.759 align:start position:0% artists and so instead of sending money to<00:18:24.070> an<00:18:24.580> artist<00:18:25.029> in<00:18:25.299> the<00:18:25.480> hopes<00:18:25.779> that<00:18:25.960> he<00:18:26.529> or<00:18:26.740> she 00:18:26.759 --> 00:18:26.769 align:start position:0% to an artist in the hopes that he or she 00:18:26.769 --> 00:18:29.310 align:start position:0% to an artist in the hopes that he or she will<00:18:27.309> continue<00:18:27.999> to<00:18:28.149> produce<00:18:28.389> works<00:18:28.929> that<00:18:29.289> I 00:18:29.310 --> 00:18:29.320 align:start position:0% will continue to produce works that I 00:18:29.320 --> 00:18:32.249 align:start position:0% will continue to produce works that I like<00:18:29.649> we<00:18:30.340> can<00:18:30.549> now<00:18:30.700> send<00:18:31.090> funds<00:18:31.509> directly<00:18:32.169> to 00:18:32.249 --> 00:18:32.259 align:start position:0% like we can now send funds directly to 00:18:32.259 --> 00:18:34.980 align:start position:0% like we can now send funds directly to the<00:18:32.499> art<00:18:32.679> piece<00:18:33.009> itself<00:18:33.519> who<00:18:34.149> will<00:18:34.330> then<00:18:34.480> be<00:18:34.779> in 00:18:34.980 --> 00:18:34.990 align:start position:0% the art piece itself who will then be in 00:18:34.990 --> 00:18:37.680 align:start position:0% the art piece itself who will then be in charge<00:18:35.289> of<00:18:35.619> selecting<00:18:36.039> which<00:18:36.879> artists<00:18:37.450> is 00:18:37.680 --> 00:18:37.690 align:start position:0% charge of selecting which artists is 00:18:37.690 --> 00:18:40.919 align:start position:0% charge of selecting which artists is actually<00:18:38.049> entitled<00:18:38.789> to<00:18:39.789> reproduce<00:18:40.179> a<00:18:40.480> copy<00:18:40.720> of 00:18:40.919 --> 00:18:40.929 align:start position:0% actually entitled to reproduce a copy of 00:18:40.929 --> 00:18:44.460 align:start position:0% actually entitled to reproduce a copy of itself<00:18:41.320> and<00:18:42.179> so<00:18:43.179> here<00:18:43.629> you<00:18:43.659> can<00:18:43.929> see<00:18:44.259> the 00:18:44.460 --> 00:18:44.470 align:start position:0% itself and so here you can see the 00:18:44.470 --> 00:18:47.129 align:start position:0% itself and so here you can see the genealogical<00:18:45.309> tree<00:18:45.519> of<00:18:45.789> the<00:18:46.149> planted<00:18:46.600> species 00:18:47.129 --> 00:18:47.139 align:start position:0% genealogical tree of the planted species 00:18:47.139 --> 00:18:49.499 align:start position:0% genealogical tree of the planted species so<00:18:47.799> as<00:18:47.919> you<00:18:48.039> can<00:18:48.159> see<00:18:48.399> this<00:18:48.549> is<00:18:48.730> pointed<00:18:49.210> number 00:18:49.499 --> 00:18:49.509 align:start position:0% so as you can see this is pointed number 00:18:49.509 --> 00:18:51.899 align:start position:0% so as you can see this is pointed number seven<00:18:49.990> which<00:18:50.440> is<00:18:50.470> the<00:18:50.769> result<00:18:51.369> of<00:18:51.610> the 00:18:51.899 --> 00:18:51.909 align:start position:0% seven which is the result of the 00:18:51.909 --> 00:18:54.330 align:start position:0% seven which is the result of the reproduction<00:18:52.629> of<00:18:52.749> the<00:18:53.440> Janice's<00:18:53.919> planted 00:18:54.330 --> 00:18:54.340 align:start position:0% reproduction of the Janice's planted 00:18:54.340 --> 00:18:57.810 align:start position:0% reproduction of the Janice's planted number<00:18:54.669> one<00:18:54.909> and<00:18:55.330> so<00:18:55.899> every<00:18:56.649> planter<00:18:57.100> actually 00:18:57.810 --> 00:18:57.820 align:start position:0% number one and so every planter actually 00:18:57.820 --> 00:19:00.629 align:start position:0% number one and so every planter actually needs<00:18:58.059> to<00:18:58.210> abide<00:18:58.960> by<00:18:59.019> the<00:18:59.499> criterias<00:19:00.490> which 00:19:00.629 --> 00:19:00.639 align:start position:0% needs to abide by the criterias which 00:19:00.639 --> 00:19:04.109 align:start position:0% needs to abide by the criterias which has<00:19:01.090> been<00:19:01.389> embedded<00:19:02.200> into<00:19:02.740> the<00:19:03.220> DNA<00:19:03.490> of<00:19:03.879> its 00:19:04.109 --> 00:19:04.119 align:start position:0% has been embedded into the DNA of its 00:19:04.119 --> 00:19:06.810 align:start position:0% has been embedded into the DNA of its patterns<00:19:04.659> so<00:19:05.350> for<00:19:05.919> instance<00:19:06.249> in<00:19:06.399> the<00:19:06.490> case<00:19:06.519> of 00:19:06.810 --> 00:19:06.820 align:start position:0% patterns so for instance in the case of 00:19:06.820 --> 00:19:08.580 align:start position:0% patterns so for instance in the case of this<00:19:06.940> plant<00:19:07.240> art<00:19:07.450> it<00:19:07.720> has<00:19:07.779> to<00:19:08.169> be<00:19:08.289> made<00:19:08.440> of 00:19:08.580 --> 00:19:08.590 align:start position:0% this plant art it has to be made of 00:19:08.590 --> 00:19:11.519 align:start position:0% this plant art it has to be made of chains<00:19:08.830> and<00:19:09.190> its<00:19:10.119> design<00:19:10.570> must<00:19:10.990> be<00:19:11.110> released 00:19:11.519 --> 00:19:11.529 align:start position:0% chains and its design must be released 00:19:11.529 --> 00:19:13.649 align:start position:0% chains and its design must be released under<00:19:11.889> a<00:19:12.039> Creative<00:19:12.580> Commons<00:19:12.639> license<00:19:13.509> as 00:19:13.649 --> 00:19:13.659 align:start position:0% under a Creative Commons license as 00:19:13.659 --> 00:19:16.049 align:start position:0% under a Creative Commons license as required<00:19:14.499> by<00:19:14.619> the<00:19:14.769> genesis<00:19:15.429> plant<00:19:15.700> oil<00:19:15.879> one 00:19:16.049 --> 00:19:16.059 align:start position:0% required by the genesis plant oil one 00:19:16.059 --> 00:19:18.960 align:start position:0% required by the genesis plant oil one and<00:19:16.330> then<00:19:16.779> every<00:19:17.110> artist<00:19:17.590> can<00:19:18.009> then<00:19:18.340> introduce 00:19:18.960 --> 00:19:18.970 align:start position:0% and then every artist can then introduce 00:19:18.970 --> 00:19:21.480 align:start position:0% and then every artist can then introduce additional<00:19:19.600> criteria<00:19:20.259> into<00:19:20.529> the<00:19:20.860> DNA<00:19:21.100> of<00:19:21.279> the 00:19:21.480 --> 00:19:21.490 align:start position:0% additional criteria into the DNA of the 00:19:21.490 --> 00:19:23.220 align:start position:0% additional criteria into the DNA of the planter<00:19:21.970> that<00:19:21.999> they<00:19:22.269> are<00:19:22.389> producing<00:19:22.840> and 00:19:23.220 --> 00:19:23.230 align:start position:0% planter that they are producing and 00:19:23.230 --> 00:19:25.799 align:start position:0% planter that they are producing and those<00:19:23.919> criteria<00:19:24.249> will<00:19:24.879> then<00:19:25.059> need<00:19:25.330> to<00:19:25.389> be 00:19:25.799 --> 00:19:25.809 align:start position:0% those criteria will then need to be 00:19:25.809 --> 00:19:29.009 align:start position:0% those criteria will then need to be implemented<00:19:26.710> and<00:19:27.190> incorporated<00:19:28.090> into<00:19:28.299> every 00:19:29.009 --> 00:19:29.019 align:start position:0% implemented and incorporated into every 00:19:29.019 --> 00:19:31.139 align:start position:0% implemented and incorporated into every single<00:19:29.259> one<00:19:29.529> of<00:19:29.769> the<00:19:30.070> distinct<00:19:30.519> descendants 00:19:31.139 --> 00:19:31.149 align:start position:0% single one of the distinct descendants 00:19:31.149 --> 00:19:34.739 align:start position:0% single one of the distinct descendants and<00:19:31.480> so<00:19:32.700> what<00:19:33.700> this<00:19:33.850> does<00:19:34.090> is<00:19:34.389> that<00:19:34.570> this 00:19:34.739 --> 00:19:34.749 align:start position:0% and so what this does is that this 00:19:34.749 --> 00:19:35.999 align:start position:0% and so what this does is that this actually<00:19:35.080> creates<00:19:35.230> some<00:19:35.619> kind<00:19:35.860> of 00:19:35.999 --> 00:19:36.009 align:start position:0% actually creates some kind of 00:19:36.009 --> 00:19:38.399 align:start position:0% actually creates some kind of evolutionary<00:19:36.820> algorithm<00:19:37.629> oh<00:19:37.720> well<00:19:38.200> by 00:19:38.399 --> 00:19:38.409 align:start position:0% evolutionary algorithm oh well by 00:19:38.409 --> 00:19:40.760 align:start position:0% evolutionary algorithm oh well by different<00:19:39.009> plant<00:19:39.279> arts<00:19:39.669> will<00:19:39.850> evolve<00:19:40.179> in 00:19:40.760 --> 00:19:40.770 align:start position:0% different plant arts will evolve in 00:19:40.770 --> 00:19:42.980 align:start position:0% different plant arts will evolve in two<00:19:40.830> different<00:19:41.310> species<00:19:41.610> each<00:19:42.240> one<00:19:42.750> with 00:19:42.980 --> 00:19:42.990 align:start position:0% two different species each one with 00:19:42.990 --> 00:19:45.140 align:start position:0% two different species each one with their<00:19:43.110> own<00:19:43.290> characteristics<00:19:43.830> and<00:19:44.520> so<00:19:45.030> the 00:19:45.140 --> 00:19:45.150 align:start position:0% their own characteristics and so the 00:19:45.150 --> 00:19:46.370 align:start position:0% their own characteristics and so the planter<00:19:45.510> that<00:19:45.540> will<00:19:45.780> be<00:19:45.900> the<00:19:46.020> most<00:19:46.170> popular 00:19:46.370 --> 00:19:46.380 align:start position:0% planter that will be the most popular 00:19:46.380 --> 00:19:49.040 align:start position:0% planter that will be the most popular will<00:19:46.920> be<00:19:47.070> able<00:19:47.190> to<00:19:47.550> collect<00:19:48.150> more<00:19:48.420> funds<00:19:48.780> and 00:19:49.040 --> 00:19:49.050 align:start position:0% will be able to collect more funds and 00:19:49.050 --> 00:19:50.810 align:start position:0% will be able to collect more funds and the<00:19:49.140> four<00:19:49.380> will<00:19:49.560> be<00:19:49.680> able<00:19:49.800> to<00:19:50.010> reproduce<00:19:50.520> more 00:19:50.810 --> 00:19:50.820 align:start position:0% the four will be able to reproduce more 00:19:50.820 --> 00:19:53.270 align:start position:0% the four will be able to reproduce more whereas<00:19:51.630> the<00:19:52.140> blinders<00:19:52.590> that<00:19:52.770> are<00:19:52.920> actually 00:19:53.270 --> 00:19:53.280 align:start position:0% whereas the blinders that are actually 00:19:53.280 --> 00:19:55.190 align:start position:0% whereas the blinders that are actually perhaps<00:19:53.460> least<00:19:53.940> appreciated<00:19:54.750> will 00:19:55.190 --> 00:19:55.200 align:start position:0% perhaps least appreciated will 00:19:55.200 --> 00:19:57.650 align:start position:0% perhaps least appreciated will eventually<00:19:56.070> just<00:19:56.250> fade<00:19:56.580> out<00:19:56.760> into<00:19:57.240> extinction 00:19:57.650 --> 00:19:57.660 align:start position:0% eventually just fade out into extinction 00:19:57.660 --> 00:20:00.290 align:start position:0% eventually just fade out into extinction and<00:19:58.110> so<00:19:58.740> in<00:19:58.980> the<00:19:59.130> end<00:19:59.190> we<00:19:59.490> can<00:19:59.670> actually<00:19:59.790> find 00:20:00.290 --> 00:20:00.300 align:start position:0% and so in the end we can actually find 00:20:00.300 --> 00:20:02.420 align:start position:0% and so in the end we can actually find out<00:20:00.480> which<00:20:00.990> one<00:20:01.290> of<00:20:01.320> those<00:20:01.590> plantoids<00:20:02.160> are 00:20:02.420 --> 00:20:02.430 align:start position:0% out which one of those plantoids are 00:20:02.430 --> 00:20:04.400 align:start position:0% out which one of those plantoids are actually<00:20:02.910> the<00:20:03.060> most<00:20:03.090> fit<00:20:03.660> for<00:20:04.080> the<00:20:04.230> whole 00:20:04.400 --> 00:20:04.410 align:start position:0% actually the most fit for the whole 00:20:04.410 --> 00:20:06.530 align:start position:0% actually the most fit for the whole environment<00:20:04.710> and<00:20:05.370> those<00:20:05.880> are<00:20:06.060> the<00:20:06.210> one<00:20:06.360> that 00:20:06.530 --> 00:20:06.540 align:start position:0% environment and those are the one that 00:20:06.540 --> 00:20:08.180 align:start position:0% environment and those are the one that we'll<00:20:06.690> be<00:20:06.810> able<00:20:06.900> to<00:20:07.050> reproduce<00:20:07.470> more<00:20:07.890> and 00:20:08.180 --> 00:20:08.190 align:start position:0% we'll be able to reproduce more and 00:20:08.190 --> 00:20:12.020 align:start position:0% we'll be able to reproduce more and eventually<00:20:08.970> colonize<00:20:09.450> our<00:20:09.690> planet<00:20:09.800> and<00:20:11.030> so 00:20:12.020 --> 00:20:12.030 align:start position:0% eventually colonize our planet and so 00:20:12.030 --> 00:20:13.610 align:start position:0% eventually colonize our planet and so and<00:20:12.450> on<00:20:12.600> that<00:20:12.750> point<00:20:12.990> I'm<00:20:13.110> actually<00:20:13.260> very 00:20:13.610 --> 00:20:13.620 align:start position:0% and on that point I'm actually very 00:20:13.620 --> 00:20:15.920 align:start position:0% and on that point I'm actually very happy<00:20:14.220> to<00:20:14.580> say<00:20:15.120> that<00:20:15.360> the<00:20:15.510> last<00:20:15.660> three 00:20:15.920 --> 00:20:15.930 align:start position:0% happy to say that the last three 00:20:15.930 --> 00:20:18.140 align:start position:0% happy to say that the last three plantoids<00:20:16.530> that<00:20:16.890> have<00:20:17.070> been<00:20:17.310> produced<00:20:17.910> I've 00:20:18.140 --> 00:20:18.150 align:start position:0% plantoids that have been produced I've 00:20:18.150 --> 00:20:21.080 align:start position:0% plantoids that have been produced I've traveled<00:20:19.140> all<00:20:19.260> the<00:20:19.410> way<00:20:19.440> to<00:20:19.590> the<00:20:20.040> US<00:20:20.370> in<00:20:20.700> order 00:20:21.080 --> 00:20:21.090 align:start position:0% traveled all the way to the US in order 00:20:21.090 --> 00:20:23.780 align:start position:0% traveled all the way to the US in order to<00:20:21.390> colonize<00:20:21.960> black<00:20:22.590> cod<00:20:22.800> city<00:20:23.130> during<00:20:23.580> the 00:20:23.780 --> 00:20:23.790 align:start position:0% to colonize black cod city during the 00:20:23.790 --> 00:20:25.880 align:start position:0% to colonize black cod city during the Burning<00:20:24.510> Man<00:20:24.540> festival<00:20:24.840> last<00:20:25.410> year<00:20:25.530> and 00:20:25.880 --> 00:20:25.890 align:start position:0% Burning Man festival last year and 00:20:25.890 --> 00:20:28.430 align:start position:0% Burning Man festival last year and hopefully<00:20:26.490> we<00:20:26.850> also<00:20:26.970> be<00:20:27.270> coming<00:20:27.630> back<00:20:27.990> next 00:20:28.430 --> 00:20:28.440 align:start position:0% hopefully we also be coming back next 00:20:28.440 --> 00:20:31.610 align:start position:0% hopefully we also be coming back next summer<00:20:29.300> but<00:20:30.300> when<00:20:30.990> it<00:20:31.110> comes<00:20:31.320> to<00:20:31.530> the 00:20:31.610 --> 00:20:31.620 align:start position:0% summer but when it comes to the 00:20:31.620 --> 00:20:33.740 align:start position:0% summer but when it comes to the reproduction<00:20:32.130> process<00:20:32.370> then<00:20:32.970> one<00:20:33.180> important 00:20:33.740 --> 00:20:33.750 align:start position:0% reproduction process then one important 00:20:33.750 --> 00:20:36.170 align:start position:0% reproduction process then one important thing<00:20:33.810> to<00:20:34.050> understand<00:20:34.920> is<00:20:35.190> that<00:20:35.250> just<00:20:36.090> like 00:20:36.170 --> 00:20:36.180 align:start position:0% thing to understand is that just like 00:20:36.180 --> 00:20:36.740 align:start position:0% thing to understand is that just like humans 00:20:36.740 --> 00:20:36.750 align:start position:0% humans 00:20:36.750 --> 00:20:39.260 align:start position:0% humans plantoids<00:20:37.530> can<00:20:37.890> actually<00:20:38.250> rely<00:20:38.580> on<00:20:38.820> two 00:20:39.260 --> 00:20:39.270 align:start position:0% plantoids can actually rely on two 00:20:39.270 --> 00:20:41.240 align:start position:0% plantoids can actually rely on two different<00:20:39.750> strategies<00:20:40.050> in<00:20:40.680> order<00:20:40.920> to 00:20:41.240 --> 00:20:41.250 align:start position:0% different strategies in order to 00:20:41.250 --> 00:20:43.850 align:start position:0% different strategies in order to maximize<00:20:41.910> their<00:20:42.240> chances<00:20:42.780> of<00:20:42.840> the<00:20:43.290> projection 00:20:43.850 --> 00:20:43.860 align:start position:0% maximize their chances of the projection 00:20:43.860 --> 00:20:46.790 align:start position:0% maximize their chances of the projection on<00:20:44.430> the<00:20:44.700> one<00:20:44.850> hand<00:20:45.150> they<00:20:45.360> can<00:20:45.630> rely<00:20:46.110> on<00:20:46.380> the 00:20:46.790 --> 00:20:46.800 align:start position:0% on the one hand they can rely on the 00:20:46.800 --> 00:20:50.330 align:start position:0% on the one hand they can rely on the physical<00:20:47.430> attributes<00:20:47.670> or<00:20:48.450> aesthetics<00:20:49.410> trying 00:20:50.330 --> 00:20:50.340 align:start position:0% physical attributes or aesthetics trying 00:20:50.340 --> 00:20:52.550 align:start position:0% physical attributes or aesthetics trying to<00:20:50.520> be<00:20:50.670> as<00:20:50.880> beautiful<00:20:51.060> as<00:20:51.480> possible<00:20:51.570> in<00:20:52.350> order 00:20:52.550 --> 00:20:52.560 align:start position:0% to be as beautiful as possible in order 00:20:52.560 --> 00:20:54.860 align:start position:0% to be as beautiful as possible in order to<00:20:52.800> attract<00:20:53.730> more<00:20:54.060> hearts<00:20:54.450> cryptocurrency 00:20:54.860 --> 00:20:54.870 align:start position:0% to attract more hearts cryptocurrency 00:20:54.870 --> 00:20:57.260 align:start position:0% to attract more hearts cryptocurrency donation<00:20:55.770> and<00:20:55.950> on<00:20:56.550> the<00:20:56.640> other<00:20:56.700> hand<00:20:57.000> they<00:20:57.240> can 00:20:57.260 --> 00:20:57.270 align:start position:0% donation and on the other hand they can 00:20:57.270 --> 00:20:59.660 align:start position:0% donation and on the other hand they can actually<00:20:57.570> rely<00:20:58.110> on<00:20:58.140> the<00:20:58.470> more<00:20:58.680> spiritual<00:20:59.490> of 00:20:59.660 --> 00:20:59.670 align:start position:0% actually rely on the more spiritual of 00:20:59.670 --> 00:21:02.180 align:start position:0% actually rely on the more spiritual of intellectual<00:21:00.420> features<00:21:00.900> which<00:21:01.500> are<00:21:01.650> defined 00:21:02.180 --> 00:21:02.190 align:start position:0% intellectual features which are defined 00:21:02.190 --> 00:21:04.250 align:start position:0% intellectual features which are defined by<00:21:02.580> the<00:21:02.640> governance<00:21:03.540> structure<00:21:03.870> which<00:21:04.230> has 00:21:04.250 --> 00:21:04.260 align:start position:0% by the governance structure which has 00:21:04.260 --> 00:21:06.500 align:start position:0% by the governance structure which has been<00:21:04.440> codified<00:21:04.980> into<00:21:05.520> the<00:21:05.910> smart<00:21:06.240> contract 00:21:06.500 --> 00:21:06.510 align:start position:0% been codified into the smart contract 00:21:06.510 --> 00:21:10.250 align:start position:0% been codified into the smart contract and<00:21:07.490> so<00:21:08.490> this<00:21:08.820> little<00:21:09.030> planter<00:21:09.570> is<00:21:09.780> actually<00:21:10.230> a 00:21:10.250 --> 00:21:10.260 align:start position:0% and so this little planter is actually a 00:21:10.260 --> 00:21:12.530 align:start position:0% and so this little planter is actually a new<00:21:10.560> experiment<00:21:11.250> because<00:21:11.970> it<00:21:12.030> incorporates 00:21:12.530 --> 00:21:12.540 align:start position:0% new experiment because it incorporates 00:21:12.540 --> 00:21:15.890 align:start position:0% new experiment because it incorporates those<00:21:13.380> dark<00:21:13.770> holographing<00:21:14.490> consensus<00:21:15.330> into 00:21:15.890 --> 00:21:15.900 align:start position:0% those dark holographing consensus into 00:21:15.900 --> 00:21:18.470 align:start position:0% those dark holographing consensus into its<00:21:16.140> DNA<00:21:16.560> and<00:21:16.860> so<00:21:17.400> this<00:21:17.580> means<00:21:17.820> that<00:21:17.970> once<00:21:18.240> this 00:21:18.470 --> 00:21:18.480 align:start position:0% its DNA and so this means that once this 00:21:18.480 --> 00:21:20.170 align:start position:0% its DNA and so this means that once this planted<00:21:18.990> will<00:21:19.170> actually<00:21:19.500> start<00:21:19.740> reproducing 00:21:20.170 --> 00:21:20.180 align:start position:0% planted will actually start reproducing 00:21:20.180 --> 00:21:23.150 align:start position:0% planted will actually start reproducing after<00:21:21.180> it<00:21:21.330> has<00:21:21.480> collected<00:21:22.140> one<00:21:22.380> eater<00:21:22.680> of 00:21:23.150 --> 00:21:23.160 align:start position:0% after it has collected one eater of 00:21:23.160 --> 00:21:25.970 align:start position:0% after it has collected one eater of donations<00:21:24.000> then<00:21:24.630> anyone<00:21:25.170> will<00:21:25.440> be<00:21:25.590> able<00:21:25.740> to 00:21:25.970 --> 00:21:25.980 align:start position:0% donations then anyone will be able to 00:21:25.980 --> 00:21:28.010 align:start position:0% donations then anyone will be able to submit<00:21:26.190> propositions<00:21:27.150> about<00:21:27.360> how<00:21:27.960> to 00:21:28.010 --> 00:21:28.020 align:start position:0% submit propositions about how to 00:21:28.020 --> 00:21:30.320 align:start position:0% submit propositions about how to envision<00:21:28.800> to<00:21:28.920> produce<00:21:29.160> the<00:21:29.550> next<00:21:29.850> plant<00:21:30.090> ID 00:21:30.320 --> 00:21:30.330 align:start position:0% envision to produce the next plant ID 00:21:30.330 --> 00:21:32.390 align:start position:0% envision to produce the next plant ID and<00:21:30.570> every<00:21:31.110> single<00:21:31.320> one<00:21:31.590> of<00:21:31.650> those<00:21:31.950> planters 00:21:32.390 --> 00:21:32.400 align:start position:0% and every single one of those planters 00:21:32.400 --> 00:21:34.460 align:start position:0% and every single one of those planters will<00:21:32.640> also<00:21:33.120> need<00:21:33.300> to<00:21:33.570> incorporate<00:21:33.840> the 00:21:34.460 --> 00:21:34.470 align:start position:0% will also need to incorporate the 00:21:34.470 --> 00:21:36.260 align:start position:0% will also need to incorporate the holographic<00:21:34.860> consensus<00:21:35.700> into<00:21:36.090> that 00:21:36.260 --> 00:21:36.270 align:start position:0% holographic consensus into that 00:21:36.270 --> 00:21:38.780 align:start position:0% holographic consensus into that government<00:21:36.780> structure<00:21:37.200> and<00:21:37.410> if<00:21:38.250> you<00:21:38.490> do<00:21:38.640> want 00:21:38.780 --> 00:21:38.790 align:start position:0% government structure and if you do want 00:21:38.790 --> 00:21:40.670 align:start position:0% government structure and if you do want to<00:21:38.910> learn<00:21:39.210> more<00:21:39.510> about<00:21:39.720> the<00:21:40.050> holographic 00:21:40.670 --> 00:21:40.680 align:start position:0% to learn more about the holographic 00:21:40.680 --> 00:21:43.010 align:start position:0% to learn more about the holographic consensus<00:21:41.370> please<00:21:41.640> come<00:21:42.270> and<00:21:42.480> talk<00:21:42.660> to<00:21:42.720> me 00:21:43.010 --> 00:21:43.020 align:start position:0% consensus please come and talk to me 00:21:43.020 --> 00:21:46.910 align:start position:0% consensus please come and talk to me afterwards<00:21:44.720> but<00:21:45.720> to<00:21:45.930> conclude<00:21:46.290> I<00:21:46.470> just<00:21:46.770> want 00:21:46.910 --> 00:21:46.920 align:start position:0% afterwards but to conclude I just want 00:21:46.920 --> 00:21:48.290 align:start position:0% afterwards but to conclude I just want to<00:21:47.010> say<00:21:47.160> that<00:21:47.340> what's<00:21:47.550> actually<00:21:47.790> is<00:21:48.090> feel 00:21:48.290 --> 00:21:48.300 align:start position:0% to say that what's actually is feel 00:21:48.300 --> 00:21:50.510 align:start position:0% to say that what's actually is feel interesting<00:21:49.050> about<00:21:49.470> this<00:21:49.680> is<00:21:49.950> actually<00:21:50.070> not 00:21:50.510 --> 00:21:50.520 align:start position:0% interesting about this is actually not 00:21:50.520 --> 00:21:52.520 align:start position:0% interesting about this is actually not just<00:21:50.580> the<00:21:51.150> fact<00:21:51.450> that<00:21:51.600> the<00:21:51.900> planter<00:21:52.320> can 00:21:52.520 --> 00:21:52.530 align:start position:0% just the fact that the planter can 00:21:52.530 --> 00:21:54.330 align:start position:0% just the fact that the planter can actually<00:21:52.860> reproduce<00:21:53.130> itself 00:21:54.330 --> 00:21:54.340 align:start position:0% actually reproduce itself 00:21:54.340 --> 00:21:56.100 align:start position:0% actually reproduce itself but<00:21:54.429> actually<00:21:54.580> all<00:21:54.820> the<00:21:55.179> legal<00:21:55.480> challenges 00:21:56.100 --> 00:21:56.110 align:start position:0% but actually all the legal challenges 00:21:56.110 --> 00:21:58.320 align:start position:0% but actually all the legal challenges that<00:21:56.440> it<00:21:56.590> actually<00:21:56.919> brings<00:21:57.159> about<00:21:57.370> especially 00:21:58.320 --> 00:21:58.330 align:start position:0% that it actually brings about especially 00:21:58.330 --> 00:22:00.750 align:start position:0% that it actually brings about especially with<00:21:58.480> regard<00:21:58.900> to<00:21:58.990> property<00:21:59.740> and<00:22:00.100> contract<00:22:00.669> law 00:22:00.750 --> 00:22:00.760 align:start position:0% with regard to property and contract law 00:22:00.760 --> 00:22:03.450 align:start position:0% with regard to property and contract law and<00:22:01.150> so<00:22:01.690> for<00:22:01.870> instance<00:22:01.900> those<00:22:02.799> the<00:22:03.010> planted 00:22:03.450 --> 00:22:03.460 align:start position:0% and so for instance those the planted 00:22:03.460 --> 00:22:06.090 align:start position:0% and so for instance those the planted actually<00:22:03.909> owned<00:22:04.120> the<00:22:04.630> ETF<00:22:05.140> that<00:22:05.350> is<00:22:05.799> being 00:22:06.090 --> 00:22:06.100 align:start position:0% actually owned the ETF that is being 00:22:06.100 --> 00:22:08.220 align:start position:0% actually owned the ETF that is being donated<00:22:06.250> to<00:22:06.880> it<00:22:06.909> even<00:22:07.360> though<00:22:07.809> it<00:22:08.020> does<00:22:08.200> not 00:22:08.220 --> 00:22:08.230 align:start position:0% donated to it even though it does not 00:22:08.230 --> 00:22:11.269 align:start position:0% donated to it even though it does not actually<00:22:08.950> qualify<00:22:09.520> as<00:22:09.789> a<00:22:10.210> legal<00:22:10.539> entity<00:22:11.020> and 00:22:11.269 --> 00:22:11.279 align:start position:0% actually qualify as a legal entity and 00:22:11.279 --> 00:22:14.070 align:start position:0% actually qualify as a legal entity and can<00:22:12.279> be<00:22:12.400> planted<00:22:12.820> actually<00:22:13.240> enter<00:22:13.690> into<00:22:13.900> a 00:22:14.070 --> 00:22:14.080 align:start position:0% can be planted actually enter into a 00:22:14.080 --> 00:22:16.500 align:start position:0% can be planted actually enter into a real<00:22:14.440> contractual<00:22:15.279> relationship<00:22:16.090> with<00:22:16.390> the 00:22:16.500 --> 00:22:16.510 align:start position:0% real contractual relationship with the 00:22:16.510 --> 00:22:18.510 align:start position:0% real contractual relationship with the artists<00:22:16.990> that<00:22:17.020> it<00:22:17.289> is<00:22:17.380> actually<00:22:17.740> hiring<00:22:18.010> to 00:22:18.510 --> 00:22:18.520 align:start position:0% artists that it is actually hiring to 00:22:18.520 --> 00:22:20.789 align:start position:0% artists that it is actually hiring to create<00:22:18.760> a<00:22:18.820> new<00:22:19.000> copy<00:22:19.240> of<00:22:19.450> itself<00:22:19.840> even<00:22:20.590> though 00:22:20.789 --> 00:22:20.799 align:start position:0% create a new copy of itself even though 00:22:20.799 --> 00:22:22.710 align:start position:0% create a new copy of itself even though it<00:22:21.010> does<00:22:21.130> not<00:22:21.159> have<00:22:21.549> any<00:22:21.789> type<00:22:22.090> of<00:22:22.120> legal 00:22:22.710 --> 00:22:22.720 align:start position:0% it does not have any type of legal 00:22:22.720 --> 00:22:25.529 align:start position:0% it does not have any type of legal personality<00:22:23.710> and<00:22:23.950> then<00:22:24.549> most<00:22:24.760> importantly 00:22:25.529 --> 00:22:25.539 align:start position:0% personality and then most importantly 00:22:25.539 --> 00:22:28.649 align:start position:0% personality and then most importantly what<00:22:26.140> kind<00:22:26.470> of<00:22:26.620> Records<00:22:27.370> does<00:22:27.850> the<00:22:28.120> planted 00:22:28.649 --> 00:22:28.659 align:start position:0% what kind of Records does the planted 00:22:28.659 --> 00:22:31.620 align:start position:0% what kind of Records does the planted actually<00:22:29.200> has<00:22:29.470> in<00:22:29.950> the<00:22:30.279> case<00:22:30.520> of<00:22:30.820> a<00:22:30.880> breach<00:22:31.390> of 00:22:31.620 --> 00:22:31.630 align:start position:0% actually has in the case of a breach of 00:22:31.630 --> 00:22:33.810 align:start position:0% actually has in the case of a breach of contracts<00:22:32.289> for<00:22:32.860> instance<00:22:33.279> if<00:22:33.520> someone 00:22:33.810 --> 00:22:33.820 align:start position:0% contracts for instance if someone 00:22:33.820 --> 00:22:37.350 align:start position:0% contracts for instance if someone decides<00:22:34.390> not<00:22:34.750> to<00:22:34.809> respect<00:22:35.380> the<00:22:35.980> DNA<00:22:36.880> and<00:22:37.240> the 00:22:37.350 --> 00:22:37.360 align:start position:0% decides not to respect the DNA and the 00:22:37.360 --> 00:22:39.210 align:start position:0% decides not to respect the DNA and the criteria<00:22:37.899> that<00:22:38.020> has<00:22:38.200> been<00:22:38.409> incorporated<00:22:38.649> into 00:22:39.210 --> 00:22:39.220 align:start position:0% criteria that has been incorporated into 00:22:39.220 --> 00:22:42.810 align:start position:0% criteria that has been incorporated into its<00:22:39.460> patterns<00:22:39.850> and<00:22:40.360> so<00:22:41.100> those<00:22:42.100> are<00:22:42.130> all<00:22:42.279> very 00:22:42.810 --> 00:22:42.820 align:start position:0% its patterns and so those are all very 00:22:42.820 --> 00:22:45.990 align:start position:0% its patterns and so those are all very important<00:22:43.590> legal<00:22:44.590> questions<00:22:45.220> that<00:22:45.340> actually 00:22:45.990 --> 00:22:46.000 align:start position:0% important legal questions that actually 00:22:46.000 --> 00:22:48.269 align:start position:0% important legal questions that actually do<00:22:46.210> not<00:22:46.330> really<00:22:46.630> have<00:22:46.899> any<00:22:47.140> proper<00:22:47.559> answer<00:22:47.950> yet 00:22:48.269 --> 00:22:48.279 align:start position:0% do not really have any proper answer yet 00:22:48.279 --> 00:22:50.430 align:start position:0% do not really have any proper answer yet and<00:22:48.549> the<00:22:49.330> plaintiff<00:22:49.690> is<00:22:49.779> actually<00:22:50.169> really 00:22:50.430 --> 00:22:50.440 align:start position:0% and the plaintiff is actually really 00:22:50.440 --> 00:22:52.409 align:start position:0% and the plaintiff is actually really here<00:22:50.590> just<00:22:50.620> to<00:22:51.100> convey<00:22:51.549> and<00:22:51.970> to<00:22:52.270> illustrate 00:22:52.409 --> 00:22:52.419 align:start position:0% here just to convey and to illustrate 00:22:52.419 --> 00:22:55.110 align:start position:0% here just to convey and to illustrate all<00:22:53.169> those<00:22:53.740> new<00:22:53.950> legal<00:22:54.159> challenges<00:22:54.760> that<00:22:54.970> are 00:22:55.110 --> 00:22:55.120 align:start position:0% all those new legal challenges that are 00:22:55.120 --> 00:22:57.840 align:start position:0% all those new legal challenges that are actually<00:22:55.510> being<00:22:55.690> raised<00:22:56.350> by<00:22:56.740> many<00:22:57.610> different 00:22:57.840 --> 00:22:57.850 align:start position:0% actually being raised by many different 00:22:57.850 --> 00:23:00.649 align:start position:0% actually being raised by many different types<00:22:58.360> of<00:22:58.750> blockchain<00:22:59.409> based<00:22:59.590> life<00:22:59.830> forms<00:23:00.279> are 00:23:00.649 --> 00:23:00.659 align:start position:0% types of blockchain based life forms are 00:23:00.659 --> 00:23:03.090 align:start position:0% types of blockchain based life forms are decentralized<00:23:01.659> autonomous<00:23:02.100> organization 00:23:03.090 --> 00:23:03.100 align:start position:0% decentralized autonomous organization 00:23:03.100 --> 00:23:05.460 align:start position:0% decentralized autonomous organization more<00:23:03.309> generally<00:23:03.880> and<00:23:04.090> that<00:23:04.120> actually<00:23:04.870> it<00:23:05.049> will 00:23:05.460 --> 00:23:05.470 align:start position:0% more generally and that actually it will 00:23:05.470 --> 00:23:07.320 align:start position:0% more generally and that actually it will become<00:23:05.830> soon<00:23:06.220> very<00:23:06.520> important<00:23:07.059> to<00:23:07.210> actually 00:23:07.320 --> 00:23:07.330 align:start position:0% become soon very important to actually 00:23:07.330 --> 00:23:10.590 align:start position:0% become soon very important to actually address<00:23:07.809> and<00:23:08.730> and<00:23:09.730> those<00:23:09.909> are<00:23:10.059> actually<00:23:10.149> all 00:23:10.590 --> 00:23:10.600 align:start position:0% address and and those are actually all 00:23:10.600 --> 00:23:12.269 align:start position:0% address and and those are actually all those<00:23:10.870> questions<00:23:11.440> that<00:23:11.620> we<00:23:11.860> are<00:23:11.980> currently 00:23:12.269 --> 00:23:12.279 align:start position:0% those questions that we are currently 00:23:12.279 --> 00:23:15.240 align:start position:0% those questions that we are currently investigating<00:23:12.850> with<00:23:13.809> koala<00:23:14.140> as<00:23:14.529> we<00:23:15.130> are 00:23:15.240 --> 00:23:15.250 align:start position:0% investigating with koala as we are 00:23:15.250 --> 00:23:17.250 align:start position:0% investigating with koala as we are trying<00:23:15.549> to<00:23:15.820> better<00:23:16.149> understand<00:23:17.049> the 00:23:17.250 --> 00:23:17.260 align:start position:0% trying to better understand the 00:23:17.260 --> 00:23:19.919 align:start position:0% trying to better understand the interface<00:23:17.919> between<00:23:18.250> the<00:23:18.610> rule<00:23:19.179> of<00:23:19.330> law<00:23:19.570> and 00:23:19.919 --> 00:23:19.929 align:start position:0% interface between the rule of law and 00:23:19.929 --> 00:23:22.110 align:start position:0% interface between the rule of law and the<00:23:19.990> rule<00:23:20.320> of<00:23:20.409> code<00:23:20.770> enacted<00:23:21.490> by<00:23:21.640> blockchain 00:23:22.110 --> 00:23:22.120 align:start position:0% the rule of code enacted by blockchain 00:23:22.120 --> 00:23:24.330 align:start position:0% the rule of code enacted by blockchain technologies<00:23:22.779> with<00:23:23.590> the<00:23:23.740> intention<00:23:24.220> to 00:23:24.330 --> 00:23:24.340 align:start position:0% technologies with the intention to 00:23:24.340 --> 00:23:26.549 align:start position:0% technologies with the intention to actually<00:23:24.520> create<00:23:25.179> a<00:23:25.210> bridge<00:23:25.630> between<00:23:26.140> those 00:23:26.549 --> 00:23:26.559 align:start position:0% actually create a bridge between those 00:23:26.559 --> 00:23:29.180 align:start position:0% actually create a bridge between those two<00:23:26.830> world<00:23:27.070> in<00:23:27.700> order<00:23:27.909> to<00:23:28.210> enable<00:23:28.480> them<00:23:28.899> to 00:23:29.180 --> 00:23:29.190 align:start position:0% two world in order to enable them to 00:23:29.190 --> 00:23:31.380 align:start position:0% two world in order to enable them to interconnect<00:23:30.190> and<00:23:30.370> to<00:23:30.490> interface<00:23:31.000> with<00:23:31.059> one 00:23:31.380 --> 00:23:31.390 align:start position:0% interconnect and to interface with one 00:23:31.390 --> 00:23:33.990 align:start position:0% interconnect and to interface with one another<00:23:31.720> without<00:23:32.470> necessarily<00:23:33.279> having<00:23:33.490> one 00:23:33.990 --> 00:23:34.000 align:start position:0% another without necessarily having one 00:23:34.000 --> 00:23:38.460 align:start position:0% another without necessarily having one overtaking<00:23:34.899> the<00:23:35.169> other<00:23:35.200> and<00:23:35.940> so<00:23:36.940> I'm<00:23:37.450> happy<00:23:38.230> to 00:23:38.460 --> 00:23:38.470 align:start position:0% overtaking the other and so I'm happy to 00:23:38.470 --> 00:23:40.250 align:start position:0% overtaking the other and so I'm happy to answer<00:23:38.559> any<00:23:39.250> question<00:23:39.669> you<00:23:39.789> might<00:23:39.909> have<00:23:39.970> and 00:23:40.250 --> 00:23:40.260 align:start position:0% answer any question you might have and 00:23:40.260 --> 00:23:42.990 align:start position:0% answer any question you might have and if<00:23:41.260> I<00:23:41.470> don't<00:23:41.679> manage<00:23:41.950> to<00:23:42.130> answer<00:23:42.700> them 00:23:42.990 --> 00:23:43.000 align:start position:0% if I don't manage to answer them 00:23:43.000 --> 00:23:45.330 align:start position:0% if I don't manage to answer them properly<00:23:43.480> I<00:23:43.779> will<00:23:43.960> invite<00:23:44.200> you<00:23:44.500> to<00:23:44.529> try<00:23:45.100> and 00:23:45.330 --> 00:23:45.340 align:start position:0% properly I will invite you to try and 00:23:45.340 --> 00:23:46.880 align:start position:0% properly I will invite you to try and read<00:23:45.549> this<00:23:45.789> book<00:23:46.000> blockchain<00:23:46.390> and<00:23:46.480> the<00:23:46.600> law 00:23:46.880 --> 00:23:46.890 align:start position:0% read this book blockchain and the law 00:23:46.890 --> 00:23:50.010 align:start position:0% read this book blockchain and the law where<00:23:47.890> I'm<00:23:48.520> actually<00:23:48.760> engaging<00:23:49.419> into<00:23:49.750> a<00:23:49.809> much 00:23:50.010 --> 00:23:50.020 align:start position:0% where I'm actually engaging into a much 00:23:50.020 --> 00:23:52.740 align:start position:0% where I'm actually engaging into a much more<00:23:50.320> in-depth<00:23:51.100> analysis<00:23:51.820> between<00:23:52.419> the 00:23:52.740 --> 00:23:52.750 align:start position:0% more in-depth analysis between the 00:23:52.750 --> 00:23:54.720 align:start position:0% more in-depth analysis between the discrepancy<00:23:53.590> between<00:23:53.710> the<00:23:54.100> river<00:23:54.309> flow<00:23:54.580> and 00:23:54.720 --> 00:23:54.730 align:start position:0% discrepancy between the river flow and 00:23:54.730 --> 00:24:03.700 align:start position:0% discrepancy between the river flow and the<00:23:54.940> hill<00:23:55.120> of<00:23:55.299> course<00:23:55.539> thank<00:23:56.409> you 00:24:03.700 --> 00:24:03.710 align:start position:0% 00:24:03.710 --> 00:24:18.190 align:start position:0% we<00:24:04.710> have<00:24:04.830> five<00:24:05.070> minutes<00:24:05.250> for<00:24:05.430> questions 00:24:18.190 --> 00:24:18.200 align:start position:0% 00:24:18.200 --> 00:24:21.580 align:start position:0% I'm<00:24:18.530> just<00:24:18.860> curious<00:24:18.950> during<00:24:19.430> the<00:24:20.590> proposal 00:24:21.580 --> 00:24:21.590 align:start position:0% I'm just curious during the proposal 00:24:21.590 --> 00:24:24.400 align:start position:0% I'm just curious during the proposal process<00:24:22.430> where<00:24:22.760> people<00:24:22.790> can<00:24:23.270> vote<00:24:23.810> on<00:24:24.080> what 00:24:24.400 --> 00:24:24.410 align:start position:0% process where people can vote on what 00:24:24.410 --> 00:24:26.020 align:start position:0% process where people can vote on what the<00:24:24.560> next<00:24:24.860> plantoids<00:24:25.460> is<00:24:25.550> going<00:24:25.730> to<00:24:25.790> be<00:24:25.880> like 00:24:26.020 --> 00:24:26.030 align:start position:0% the next plantoids is going to be like 00:24:26.030 --> 00:24:28.630 align:start position:0% the next plantoids is going to be like can<00:24:26.960> you<00:24:27.020> propose<00:24:27.770> any<00:24:28.010> arbitrary 00:24:28.630 --> 00:24:28.640 align:start position:0% can you propose any arbitrary 00:24:28.640 --> 00:24:32.800 align:start position:0% can you propose any arbitrary improvement<00:24:29.120> to<00:24:29.240> it<00:24:31.540> within<00:24:32.540> the 00:24:32.800 --> 00:24:32.810 align:start position:0% improvement to it within the 00:24:32.810 --> 00:24:34.750 align:start position:0% improvement to it within the genealogical<00:24:33.500> tree<00:24:33.680> so<00:24:33.950> you<00:24:34.010> need<00:24:34.190> to<00:24:34.340> respect 00:24:34.750 --> 00:24:34.760 align:start position:0% genealogical tree so you need to respect 00:24:34.760 --> 00:24:37.750 align:start position:0% genealogical tree so you need to respect the<00:24:35.090> DNA<00:24:35.510> of<00:24:35.750> the<00:24:36.290> patterns<00:24:36.680> but<00:24:37.220> then<00:24:37.430> it's 00:24:37.750 --> 00:24:37.760 align:start position:0% the DNA of the patterns but then it's 00:24:37.760 --> 00:24:39.820 align:start position:0% the DNA of the patterns but then it's actually<00:24:37.910> part<00:24:38.570> of<00:24:38.780> the<00:24:39.020> of<00:24:39.290> the<00:24:39.410> game<00:24:39.590> that 00:24:39.820 --> 00:24:39.830 align:start position:0% actually part of the of the game that 00:24:39.830 --> 00:24:42.400 align:start position:0% actually part of the of the game that every<00:24:40.130> artist<00:24:40.580> will<00:24:41.210> incorporate<00:24:41.630> new 00:24:42.400 --> 00:24:42.410 align:start position:0% every artist will incorporate new 00:24:42.410 --> 00:24:46.000 align:start position:0% every artist will incorporate new additional<00:24:43.190> criterias<00:24:44.000> into<00:24:44.480> the<00:24:44.680> new<00:24:45.680> plant 00:24:46.000 --> 00:24:46.010 align:start position:0% additional criterias into the new plant 00:24:46.010 --> 00:24:47.260 align:start position:0% additional criterias into the new plant or<00:24:46.100> that<00:24:46.160> you're<00:24:46.460> treating<00:24:46.670> so<00:24:47.000> you<00:24:47.060> can 00:24:47.260 --> 00:24:47.270 align:start position:0% or that you're treating so you can 00:24:47.270 --> 00:24:49.660 align:start position:0% or that you're treating so you can innovate<00:24:47.480> in<00:24:47.750> any<00:24:47.990> ways<00:24:48.200> you<00:24:48.440> want<00:24:48.650> as<00:24:49.010> long<00:24:49.610> as 00:24:49.660 --> 00:24:49.670 align:start position:0% innovate in any ways you want as long as 00:24:49.670 --> 00:24:51.640 align:start position:0% innovate in any ways you want as long as you're<00:24:49.970> actually<00:24:50.300> respecting<00:24:50.930> the<00:24:51.260> DNA 00:24:51.640 --> 00:24:51.650 align:start position:0% you're actually respecting the DNA 00:24:51.650 --> 00:24:54.570 align:start position:0% you're actually respecting the DNA criterias<00:24:52.430> I<00:24:52.670> say<00:24:53.000> so<00:24:53.060> could<00:24:53.930> I<00:24:54.050> propose 00:24:54.570 --> 00:24:54.580 align:start position:0% criterias I say so could I propose 00:24:54.580 --> 00:24:57.550 align:start position:0% criterias I say so could I propose attaching<00:24:55.580> a<00:24:55.670> giant<00:24:56.000> solar<00:24:56.210> array<00:24:56.540> to<00:24:57.140> it<00:24:57.290> and 00:24:57.550 --> 00:24:57.560 align:start position:0% attaching a giant solar array to it and 00:24:57.560 --> 00:24:59.140 align:start position:0% attaching a giant solar array to it and then<00:24:57.650> having<00:24:57.830> it<00:24:57.980> mind<00:24:58.190> its<00:24:58.340> own<00:24:58.400> ether<00:24:58.580> yes 00:24:59.140 --> 00:24:59.150 align:start position:0% then having it mind its own ether yes 00:24:59.150 --> 00:25:01.330 align:start position:0% then having it mind its own ether yes and<00:24:59.450> and<00:24:59.870> you<00:25:00.170> can<00:25:00.380> not<00:25:00.740> only<00:25:00.860> you<00:25:01.010> can<00:25:01.130> do<00:25:01.220> that 00:25:01.330 --> 00:25:01.340 align:start position:0% and and you can not only you can do that 00:25:01.340 --> 00:25:03.520 align:start position:0% and and you can not only you can do that but<00:25:01.550> you<00:25:01.640> can<00:25:01.760> also<00:25:01.880> add<00:25:02.300> these<00:25:02.690> as<00:25:02.900> a<00:25:02.960> DNA 00:25:03.520 --> 00:25:03.530 align:start position:0% but you can also add these as a DNA 00:25:03.530 --> 00:25:05.260 align:start position:0% but you can also add these as a DNA criteria<00:25:04.100> which<00:25:04.310> means<00:25:04.550> that<00:25:04.700> once<00:25:04.880> this<00:25:05.060> plan 00:25:05.260 --> 00:25:05.270 align:start position:0% criteria which means that once this plan 00:25:05.270 --> 00:25:07.090 align:start position:0% criteria which means that once this plan so<00:25:05.450> it<00:25:05.510> will<00:25:05.630> reproduce<00:25:05.900> everyone<00:25:06.560> will<00:25:06.710> also 00:25:07.090 --> 00:25:07.100 align:start position:0% so it will reproduce everyone will also 00:25:07.100 --> 00:25:09.580 align:start position:0% so it will reproduce everyone will also need<00:25:07.220> to<00:25:07.400> implement<00:25:07.820> a<00:25:07.910> similar<00:25:08.210> thing<00:25:08.930> it 00:25:09.580 --> 00:25:09.590 align:start position:0% need to implement a similar thing it 00:25:09.590 --> 00:25:10.810 align:start position:0% need to implement a similar thing it seems<00:25:09.740> like<00:25:09.860> you<00:25:09.920> would<00:25:10.040> have<00:25:10.100> a<00:25:10.160> significant 00:25:10.810 --> 00:25:10.820 align:start position:0% seems like you would have a significant 00:25:10.820 --> 00:25:13.300 align:start position:0% seems like you would have a significant selective<00:25:11.180> advantage<00:25:11.890> maybe<00:25:12.890> you<00:25:13.040> should<00:25:13.220> try 00:25:13.300 --> 00:25:13.310 align:start position:0% selective advantage maybe you should try 00:25:13.310 --> 00:25:19.870 align:start position:0% selective advantage maybe you should try to<00:25:13.400> submit<00:25:14.000> that<00:25:14.270> maybe<00:25:14.690> yeah<00:25:14.780> well<00:25:18.250> and<00:25:19.250> you 00:25:19.870 --> 00:25:19.880 align:start position:0% to submit that maybe yeah well and you 00:25:19.880 --> 00:25:21.430 align:start position:0% to submit that maybe yeah well and you suggested<00:25:20.450> among<00:25:20.720> the<00:25:20.870> questions<00:25:20.990> you<00:25:21.410> have 00:25:21.430 --> 00:25:21.440 align:start position:0% suggested among the questions you have 00:25:21.440 --> 00:25:24.610 align:start position:0% suggested among the questions you have is<00:25:22.070> can<00:25:22.940> the<00:25:23.240> planetoid<00:25:23.720> act<00:25:24.290> as<00:25:24.530> an 00:25:24.610 --> 00:25:24.620 align:start position:0% is can the planetoid act as an 00:25:24.620 --> 00:25:28.390 align:start position:0% is can the planetoid act as an autonomous<00:25:24.950> agent<00:25:25.570> as<00:25:26.570> in<00:25:27.260> a<00:25:27.380> way<00:25:27.410> recognized 00:25:28.390 --> 00:25:28.400 align:start position:0% autonomous agent as in a way recognized 00:25:28.400 --> 00:25:32.530 align:start position:0% autonomous agent as in a way recognized by<00:25:28.640> law<00:25:29.110> I<00:25:30.550> it<00:25:31.550> seems<00:25:31.880> to<00:25:32.120> me<00:25:32.210> that<00:25:32.420> the 00:25:32.530 --> 00:25:32.540 align:start position:0% by law I it seems to me that the 00:25:32.540 --> 00:25:34.330 align:start position:0% by law I it seems to me that the planetoid<00:25:32.990> does<00:25:33.380> act<00:25:33.770> as<00:25:34.010> an<00:25:34.100> autonomous 00:25:34.330 --> 00:25:34.340 align:start position:0% planetoid does act as an autonomous 00:25:34.340 --> 00:25:39.700 align:start position:0% planetoid does act as an autonomous agent<00:25:35.320> per<00:25:36.320> its<00:25:36.530> own<00:25:36.740> contract<00:25:38.350> yes<00:25:39.350> I<00:25:39.560> mean 00:25:39.700 --> 00:25:39.710 align:start position:0% agent per its own contract yes I mean 00:25:39.710 --> 00:25:41.650 align:start position:0% agent per its own contract yes I mean the<00:25:40.070> fact<00:25:40.280> that<00:25:40.370> it<00:25:40.550> does<00:25:40.700> that<00:25:41.030> the<00:25:41.120> point<00:25:41.330> so 00:25:41.650 --> 00:25:41.660 align:start position:0% the fact that it does that the point so 00:25:41.660 --> 00:25:44.440 align:start position:0% the fact that it does that the point so the<00:25:42.020> factor<00:25:42.500> you<00:25:42.680> create<00:25:43.130> something<00:25:43.400> that<00:25:43.880> can 00:25:44.440 --> 00:25:44.450 align:start position:0% the factor you create something that can 00:25:44.450 --> 00:25:47.710 align:start position:0% the factor you create something that can own<00:25:44.660> property<00:25:44.720> and<00:25:45.680> that<00:25:46.250> can<00:25:46.520> engage<00:25:47.300> into<00:25:47.690> a 00:25:47.710 --> 00:25:47.720 align:start position:0% own property and that can engage into a 00:25:47.720 --> 00:25:50.620 align:start position:0% own property and that can engage into a set<00:25:48.080> of<00:25:48.230> contractual<00:25:48.680> relationship<00:25:49.400> so<00:25:49.910> in 00:25:50.620 --> 00:25:50.630 align:start position:0% set of contractual relationship so in 00:25:50.630 --> 00:25:53.320 align:start position:0% set of contractual relationship so in practice<00:25:51.200> the<00:25:51.620> factor<00:25:52.070> it<00:25:52.310> is<00:25:52.550> acting<00:25:53.000> as<00:25:53.090> an 00:25:53.320 --> 00:25:53.330 align:start position:0% practice the factor it is acting as an 00:25:53.330 --> 00:25:55.330 align:start position:0% practice the factor it is acting as an autonomous<00:25:53.690> agents<00:25:54.290> now<00:25:54.680> the<00:25:54.740> question<00:25:55.160> is 00:25:55.330 --> 00:25:55.340 align:start position:0% autonomous agents now the question is 00:25:55.340 --> 00:25:58.330 align:start position:0% autonomous agents now the question is how<00:25:55.760> does<00:25:55.820> this<00:25:56.300> thing<00:25:56.660> that<00:25:57.290> exists<00:25:57.980> within<00:25:58.160> a 00:25:58.330 --> 00:25:58.340 align:start position:0% how does this thing that exists within a 00:25:58.340 --> 00:25:59.950 align:start position:0% how does this thing that exists within a technical<00:25:58.760> framework<00:25:58.970> how<00:25:59.630> does<00:25:59.810> that 00:25:59.950 --> 00:25:59.960 align:start position:0% technical framework how does that 00:25:59.960 --> 00:26:02.590 align:start position:0% technical framework how does that interface<00:26:00.500> with<00:26:00.530> the<00:26:00.830> law<00:26:00.950> as<00:26:01.250> in<00:26:01.940> if<00:26:02.150> the 00:26:02.590 --> 00:26:02.600 align:start position:0% interface with the law as in if the 00:26:02.600 --> 00:26:05.470 align:start position:0% interface with the law as in if the planet<00:26:02.990> is<00:26:03.020> holding<00:26:03.560> heater<00:26:04.120> how<00:26:05.120> do<00:26:05.180> you 00:26:05.470 --> 00:26:05.480 align:start position:0% planet is holding heater how do you 00:26:05.480 --> 00:26:07.210 align:start position:0% planet is holding heater how do you actually<00:26:05.900> represent<00:26:06.440> this<00:26:06.650> from<00:26:06.980> a<00:26:07.040> legal 00:26:07.210 --> 00:26:07.220 align:start position:0% actually represent this from a legal 00:26:07.220 --> 00:26:08.800 align:start position:0% actually represent this from a legal perspective<00:26:07.460> because<00:26:08.120> you<00:26:08.330> cannot<00:26:08.570> say<00:26:08.780> that 00:26:08.800 --> 00:26:08.810 align:start position:0% perspective because you cannot say that 00:26:08.810 --> 00:26:11.740 align:start position:0% perspective because you cannot say that an<00:26:09.110> object<00:26:09.560> is<00:26:09.800> owning<00:26:10.340> either<00:26:10.790> because<00:26:11.450> this 00:26:11.740 --> 00:26:11.750 align:start position:0% an object is owning either because this 00:26:11.750 --> 00:26:13.750 align:start position:0% an object is owning either because this doesn't<00:26:12.050> have<00:26:12.170> a<00:26:12.200> legal<00:26:12.470> personality<00:26:12.860> or<00:26:13.280> if 00:26:13.750 --> 00:26:13.760 align:start position:0% doesn't have a legal personality or if 00:26:13.760 --> 00:26:16.240 align:start position:0% doesn't have a legal personality or if I'm<00:26:13.970> actually<00:26:14.180> being<00:26:14.630> hired<00:26:15.050> by<00:26:15.560> the<00:26:15.620> plant<00:26:16.010> ID 00:26:16.240 --> 00:26:16.250 align:start position:0% I'm actually being hired by the plant ID 00:26:16.250 --> 00:26:18.580 align:start position:0% I'm actually being hired by the plant ID to<00:26:16.730> create<00:26:16.970> a<00:26:17.000> new<00:26:17.180> plant<00:26:17.420> ID<00:26:17.630> what<00:26:18.260> kind<00:26:18.500> of 00:26:18.580 --> 00:26:18.590 align:start position:0% to create a new plant ID what kind of 00:26:18.590 --> 00:26:20.500 align:start position:0% to create a new plant ID what kind of contractual<00:26:19.040> relationship<00:26:19.670> I<00:26:19.760> have<00:26:20.000> is<00:26:20.300> the 00:26:20.500 --> 00:26:20.510 align:start position:0% contractual relationship I have is the 00:26:20.510 --> 00:26:22.660 align:start position:0% contractual relationship I have is the counterparty<00:26:21.470> to<00:26:21.590> my<00:26:21.740> contract<00:26:22.100> is<00:26:22.400> not 00:26:22.660 --> 00:26:22.670 align:start position:0% counterparty to my contract is not 00:26:22.670 --> 00:26:24.670 align:start position:0% counterparty to my contract is not doesn't<00:26:23.240> have<00:26:23.270> a<00:26:23.390> legal<00:26:23.690> personality<00:26:24.140> and 00:26:24.670 --> 00:26:24.680 align:start position:0% doesn't have a legal personality and 00:26:24.680 --> 00:26:26.650 align:start position:0% doesn't have a legal personality and most<00:26:25.220> importantly<00:26:25.760> the<00:26:25.910> question<00:26:26.030> of<00:26:26.300> course 00:26:26.650 --> 00:26:26.660 align:start position:0% most importantly the question of course 00:26:26.660 --> 00:26:28.780 align:start position:0% most importantly the question of course what<00:26:27.320> happen<00:26:27.590> if<00:26:27.710> I<00:26:27.800> hate<00:26:28.070> the<00:26:28.250> contract<00:26:28.670> that 00:26:28.780 --> 00:26:28.790 align:start position:0% what happen if I hate the contract that 00:26:28.790 --> 00:26:30.380 align:start position:0% what happen if I hate the contract that I<00:26:28.880> have<00:26:29.060> with<00:26:29.240> the<00:26:29.300> plantoids 00:26:30.380 --> 00:26:30.390 align:start position:0% I have with the plantoids 00:26:30.390 --> 00:26:32.450 align:start position:0% I have with the plantoids what<00:26:30.510> kind<00:26:30.750> of<00:26:30.810> plant<00:26:31.020> I<00:26:31.170> do<00:26:31.380> in<00:26:31.890> order<00:26:32.280> to 00:26:32.450 --> 00:26:32.460 align:start position:0% what kind of plant I do in order to 00:26:32.460 --> 00:26:35.000 align:start position:0% what kind of plant I do in order to actually<00:26:32.810> sue<00:26:33.810> me<00:26:34.020> I'll<00:26:34.260> do<00:26:34.500> anything<00:26:34.890> about 00:26:35.000 --> 00:26:35.010 align:start position:0% actually sue me I'll do anything about 00:26:35.010 --> 00:26:37.220 align:start position:0% actually sue me I'll do anything about my<00:26:35.160> pitch<00:26:35.520> of<00:26:35.640> contra<00:26:35.910> so<00:26:36.090> that's<00:26:36.600> the<00:26:36.780> it<00:26:37.080> does 00:26:37.220 --> 00:26:37.230 align:start position:0% my pitch of contra so that's the it does 00:26:37.230 --> 00:26:38.810 align:start position:0% my pitch of contra so that's the it does the<00:26:37.380> interesting<00:26:37.830> thing<00:26:38.220> is<00:26:38.340> that<00:26:38.370> there<00:26:38.640> is<00:26:38.790> a 00:26:38.810 --> 00:26:38.820 align:start position:0% the interesting thing is that there is a 00:26:38.820 --> 00:26:40.580 align:start position:0% the interesting thing is that there is a distinction<00:26:39.390> between<00:26:39.630> what<00:26:40.140> happened<00:26:40.470> de 00:26:40.580 --> 00:26:40.590 align:start position:0% distinction between what happened de 00:26:40.590 --> 00:26:42.950 align:start position:0% distinction between what happened de facto<00:26:41.010> which<00:26:41.670> actually<00:26:42.210> we<00:26:42.330> can<00:26:42.510> create<00:26:42.720> those 00:26:42.950 --> 00:26:42.960 align:start position:0% facto which actually we can create those 00:26:42.960 --> 00:26:45.620 align:start position:0% facto which actually we can create those autonomous<00:26:43.440> agents<00:26:43.920> and<00:26:44.070> then<00:26:44.550> what<00:26:45.270> the<00:26:45.420> law 00:26:45.620 --> 00:26:45.630 align:start position:0% autonomous agents and then what the law 00:26:45.630 --> 00:26:47.660 align:start position:0% autonomous agents and then what the law can<00:26:45.990> see<00:26:46.320> and<00:26:46.530> then<00:26:46.860> lo<00:26:46.920> cannot<00:26:47.250> see<00:26:47.520> those 00:26:47.660 --> 00:26:47.670 align:start position:0% can see and then lo cannot see those 00:26:47.670 --> 00:26:49.460 align:start position:0% can see and then lo cannot see those agents<00:26:48.150> because<00:26:48.570> it<00:26:48.690> can<00:26:48.840> only<00:26:48.960> see<00:26:49.260> things 00:26:49.460 --> 00:26:49.470 align:start position:0% agents because it can only see things 00:26:49.470 --> 00:26:51.110 align:start position:0% agents because it can only see things that<00:26:49.740> the<00:26:50.070> legal<00:26:50.460> system<00:26:50.490> actually 00:26:51.110 --> 00:26:51.120 align:start position:0% that the legal system actually 00:26:51.120 --> 00:26:52.790 align:start position:0% that the legal system actually recognized<00:26:51.630> and<00:26:51.810> so<00:26:52.110> it's<00:26:52.230> going<00:26:52.380> to<00:26:52.440> try<00:26:52.620> and 00:26:52.790 --> 00:26:52.800 align:start position:0% recognized and so it's going to try and 00:26:52.800 --> 00:26:54.890 align:start position:0% recognized and so it's going to try and interpret<00:26:53.100> for<00:26:53.580> instance<00:26:54.090> Edina<00:26:54.390> so<00:26:54.510> maybe<00:26:54.810> it 00:26:54.890 --> 00:26:54.900 align:start position:0% interpret for instance Edina so maybe it 00:26:54.900 --> 00:26:56.570 align:start position:0% interpret for instance Edina so maybe it is<00:26:55.050> a<00:26:55.230> general<00:26:55.650> partnership<00:26:56.010> if<00:26:56.280> there<00:26:56.430> isn't 00:26:56.570 --> 00:26:56.580 align:start position:0% is a general partnership if there isn't 00:26:56.580 --> 00:26:58.190 align:start position:0% is a general partnership if there isn't some<00:26:56.970> people<00:26:57.270> that<00:26:57.360> are<00:26:57.510> actually<00:26:57.630> part<00:26:57.900> of<00:26:58.080> it 00:26:58.190 --> 00:26:58.200 align:start position:0% some people that are actually part of it 00:26:58.200 --> 00:27:01.160 align:start position:0% some people that are actually part of it but<00:26:58.320> it's<00:26:58.470> a<00:26:58.680> fully<00:26:59.330> automated<00:27:00.330> system<00:27:00.570> then 00:27:01.160 --> 00:27:01.170 align:start position:0% but it's a fully automated system then 00:27:01.170 --> 00:27:03.500 align:start position:0% but it's a fully automated system then it<00:27:01.290> becomes<00:27:01.530> much<00:27:01.710> more<00:27:01.770> complicated<00:27:02.370> so<00:27:03.210> the 00:27:03.500 --> 00:27:03.510 align:start position:0% it becomes much more complicated so the 00:27:03.510 --> 00:27:05.960 align:start position:0% it becomes much more complicated so the question<00:27:03.810> is<00:27:03.930> how<00:27:04.140> do<00:27:04.200> we<00:27:04.350> actually<00:27:04.970> connect 00:27:05.960 --> 00:27:05.970 align:start position:0% question is how do we actually connect 00:27:05.970 --> 00:27:07.670 align:start position:0% question is how do we actually connect the<00:27:06.150> two<00:27:06.360> are<00:27:06.510> actually<00:27:06.660> how<00:27:07.020> do<00:27:07.080> we<00:27:07.290> create 00:27:07.670 --> 00:27:07.680 align:start position:0% the two are actually how do we create 00:27:07.680 --> 00:27:10.760 align:start position:0% the two are actually how do we create some<00:27:08.010> kind<00:27:08.190> of<00:27:08.450> membrane<00:27:09.450> that<00:27:09.690> enable<00:27:10.320> the 00:27:10.760 --> 00:27:10.770 align:start position:0% some kind of membrane that enable the 00:27:10.770 --> 00:27:13.220 align:start position:0% some kind of membrane that enable the blockchain<00:27:11.730> based<00:27:12.150> system<00:27:12.660> the<00:27:12.780> autonomous 00:27:13.220 --> 00:27:13.230 align:start position:0% blockchain based system the autonomous 00:27:13.230 --> 00:27:15.140 align:start position:0% blockchain based system the autonomous system<00:27:13.650> to<00:27:13.830> interact<00:27:14.190> with<00:27:14.670> the<00:27:14.790> real<00:27:15.000> world 00:27:15.140 --> 00:27:15.150 align:start position:0% system to interact with the real world 00:27:15.150 --> 00:27:17.420 align:start position:0% system to interact with the real world with<00:27:15.780> the<00:27:15.870> legal<00:27:16.170> world<00:27:16.380> in<00:27:16.980> a<00:27:17.100> way<00:27:17.250> that 00:27:17.420 --> 00:27:17.430 align:start position:0% with the legal world in a way that 00:27:17.430 --> 00:27:19.100 align:start position:0% with the legal world in a way that actually<00:27:17.610> is<00:27:17.970> consonant<00:27:18.630> with<00:27:18.840> what<00:27:18.990> they 00:27:19.100 --> 00:27:19.110 align:start position:0% actually is consonant with what they 00:27:19.110 --> 00:27:21.380 align:start position:0% actually is consonant with what they actually<00:27:19.410> can<00:27:19.620> do<00:27:19.800> and<00:27:20.010> in<00:27:20.490> the<00:27:20.610> u.s.<00:27:20.940> what 00:27:21.380 --> 00:27:21.390 align:start position:0% actually can do and in the u.s. what 00:27:21.390 --> 00:27:24.110 align:start position:0% actually can do and in the u.s. what would<00:27:21.510> you<00:27:21.630> say<00:27:21.900> the<00:27:22.290> structure<00:27:23.040> is<00:27:23.340> closest 00:27:24.110 --> 00:27:24.120 align:start position:0% would you say the structure is closest 00:27:24.120 --> 00:27:26.810 align:start position:0% would you say the structure is closest to<00:27:24.300> being<00:27:24.630> able<00:27:24.780> to<00:27:24.960> recognize<00:27:25.320> your<00:27:26.190> early 00:27:26.810 --> 00:27:26.820 align:start position:0% to being able to recognize your early 00:27:26.820 --> 00:27:30.140 align:start position:0% to being able to recognize your early plantoids<00:27:27.770> so<00:27:28.770> I<00:27:29.130> mean<00:27:29.580> most<00:27:29.880> of<00:27:30.060> the 00:27:30.140 --> 00:27:30.150 align:start position:0% plantoids so I mean most of the 00:27:30.150 --> 00:27:31.850 align:start position:0% plantoids so I mean most of the plantoids<00:27:30.510> today<00:27:30.930> because<00:27:31.350> they<00:27:31.500> don't<00:27:31.740> have 00:27:31.850 --> 00:27:31.860 align:start position:0% plantoids today because they don't have 00:27:31.860 --> 00:27:34.910 align:start position:0% plantoids today because they don't have not<00:27:32.280> very<00:27:32.520> sophisticated<00:27:32.820> in<00:27:33.750> terms<00:27:33.780> of<00:27:34.290> AI 00:27:34.910 --> 00:27:34.920 align:start position:0% not very sophisticated in terms of AI 00:27:34.920 --> 00:27:37.670 align:start position:0% not very sophisticated in terms of AI and<00:27:35.700> whatever<00:27:35.970> so<00:27:36.480> they<00:27:36.630> actually<00:27:36.780> rely<00:27:37.350> on<00:27:37.590> a 00:27:37.670 --> 00:27:37.680 align:start position:0% and whatever so they actually rely on a 00:27:37.680 --> 00:27:40.610 align:start position:0% and whatever so they actually rely on a human<00:27:38.190> government<00:27:38.760> so<00:27:39.510> the<00:27:39.900> funders<00:27:40.380> are 00:27:40.610 --> 00:27:40.620 align:start position:0% human government so the funders are 00:27:40.620 --> 00:27:42.830 align:start position:0% human government so the funders are actually<00:27:41.190> to<00:27:41.400> some<00:27:41.580> extent<00:27:41.910> the<00:27:42.000> governor<00:27:42.510> of 00:27:42.830 --> 00:27:42.840 align:start position:0% actually to some extent the governor of 00:27:42.840 --> 00:27:45.710 align:start position:0% actually to some extent the governor of the<00:27:43.320> plant<00:27:43.530> odd<00:27:43.770> so<00:27:44.460> I<00:27:44.730> will<00:27:45.030> say<00:27:45.300> that<00:27:45.510> in<00:27:45.630> the 00:27:45.710 --> 00:27:45.720 align:start position:0% the plant odd so I will say that in the 00:27:45.720 --> 00:27:48.170 align:start position:0% the plant odd so I will say that in the u.s.<00:27:45.990> it<00:27:46.200> most<00:27:46.680> likely<00:27:46.830> will<00:27:47.310> qualify<00:27:47.580> as<00:27:48.150> a 00:27:48.170 --> 00:27:48.180 align:start position:0% u.s. it most likely will qualify as a 00:27:48.180 --> 00:27:51.860 align:start position:0% u.s. it most likely will qualify as a general<00:27:48.660> partnership<00:27:49.140> and<00:27:49.650> therefore<00:27:50.870> you 00:27:51.860 --> 00:27:51.870 align:start position:0% general partnership and therefore you 00:27:51.870 --> 00:27:53.930 align:start position:0% general partnership and therefore you could<00:27:52.170> you<00:27:52.500> could<00:27:52.710> claim<00:27:52.980> that<00:27:53.040> if<00:27:53.550> we<00:27:53.820> are 00:27:53.930 --> 00:27:53.940 align:start position:0% could you could claim that if we are 00:27:53.940 --> 00:27:55.550 align:start position:0% could you could claim that if we are breaching<00:27:54.390> the<00:27:54.510> contract<00:27:54.540> then<00:27:55.170> perhaps 00:27:55.550 --> 00:27:55.560 align:start position:0% breaching the contract then perhaps 00:27:55.560 --> 00:27:57.920 align:start position:0% breaching the contract then perhaps every<00:27:56.010> single<00:27:56.400> person<00:27:56.820> from<00:27:56.970> the<00:27:57.270> legal<00:27:57.570> the 00:27:57.920 --> 00:27:57.930 align:start position:0% every single person from the legal the 00:27:57.930 --> 00:27:59.390 align:start position:0% every single person from the legal the general<00:27:58.230> policy<00:27:58.710> could<00:27:58.950> potentially 00:27:59.390 --> 00:27:59.400 align:start position:0% general policy could potentially 00:27:59.400 --> 00:28:01.430 align:start position:0% general policy could potentially identify<00:27:59.570> itself<00:28:00.570> because<00:28:00.960> of<00:28:00.990> course<00:28:01.290> it's 00:28:01.430 --> 00:28:01.440 align:start position:0% identify itself because of course it's 00:28:01.440 --> 00:28:04.100 align:start position:0% identify itself because of course it's absurd<00:28:01.680> animals<00:28:02.280> and<00:28:02.460> then<00:28:03.000> try<00:28:03.690> to<00:28:03.720> prove 00:28:04.100 --> 00:28:04.110 align:start position:0% absurd animals and then try to prove 00:28:04.110 --> 00:28:06.050 align:start position:0% absurd animals and then try to prove that<00:28:04.320> they<00:28:04.500> are<00:28:04.530> indeed<00:28:05.070> some<00:28:05.670> of<00:28:05.850> the 00:28:06.050 --> 00:28:06.060 align:start position:0% that they are indeed some of the 00:28:06.060 --> 00:28:08.420 align:start position:0% that they are indeed some of the governance<00:28:06.750> people<00:28:07.380> and<00:28:07.590> therefore<00:28:08.040> try<00:28:08.250> and 00:28:08.420 --> 00:28:08.430 align:start position:0% governance people and therefore try and 00:28:08.430 --> 00:28:10.520 align:start position:0% governance people and therefore try and bring<00:28:08.640> a<00:28:08.730> claim<00:28:08.940> and<00:28:09.300> it's<00:28:09.570> like<00:28:09.750> it's<00:28:10.230> really 00:28:10.520 --> 00:28:10.530 align:start position:0% bring a claim and it's like it's really 00:28:10.530 --> 00:28:13.610 align:start position:0% bring a claim and it's like it's really messy<00:28:10.770> and<00:28:11.100> I<00:28:12.030> mean<00:28:12.600> the<00:28:13.080> work<00:28:13.230> that<00:28:13.440> we<00:28:13.560> are 00:28:13.610 --> 00:28:13.620 align:start position:0% messy and I mean the work that we are 00:28:13.620 --> 00:28:16.040 align:start position:0% messy and I mean the work that we are trying<00:28:13.800> to<00:28:13.920> do<00:28:14.130> with<00:28:14.370> coral<00:28:14.670> and<00:28:14.910> in<00:28:15.630> general 00:28:16.040 --> 00:28:16.050 align:start position:0% trying to do with coral and in general 00:28:16.050 --> 00:28:17.900 align:start position:0% trying to do with coral and in general is<00:28:16.170> like<00:28:16.320> let's<00:28:16.590> try<00:28:16.770> and<00:28:16.980> figure<00:28:17.220> out<00:28:17.340> how<00:28:17.850> we 00:28:17.900 --> 00:28:17.910 align:start position:0% is like let's try and figure out how we 00:28:17.910 --> 00:28:20.990 align:start position:0% is like let's try and figure out how we can<00:28:18.180> some<00:28:18.510> extent<00:28:18.930> like<00:28:19.370> formalize<00:28:20.370> or<00:28:20.670> just 00:28:20.990 --> 00:28:21.000 align:start position:0% can some extent like formalize or just 00:28:21.000 --> 00:28:23.420 align:start position:0% can some extent like formalize or just like<00:28:21.150> trying<00:28:21.570> dive<00:28:22.170> into<00:28:22.530> this<00:28:22.800> to<00:28:22.980> understand 00:28:23.420 --> 00:28:23.430 align:start position:0% like trying dive into this to understand 00:28:23.430 --> 00:28:25.100 align:start position:0% like trying dive into this to understand what<00:28:23.610> are<00:28:23.760> the<00:28:23.880> different<00:28:24.300> possibilities<00:28:24.690> and 00:28:25.100 --> 00:28:25.110 align:start position:0% what are the different possibilities and 00:28:25.110 --> 00:28:27.680 align:start position:0% what are the different possibilities and what<00:28:25.620> kind<00:28:25.890> of<00:28:26.040> step<00:28:26.340> do<00:28:26.730> we<00:28:26.850> actually<00:28:27.060> need<00:28:27.450> to 00:28:27.680 --> 00:28:27.690 align:start position:0% what kind of step do we actually need to 00:28:27.690 --> 00:28:29.570 align:start position:0% what kind of step do we actually need to take<00:28:27.930> either<00:28:28.200> at<00:28:28.440> the<00:28:28.560> technical<00:28:29.040> level<00:28:29.070> or 00:28:29.570 --> 00:28:29.580 align:start position:0% take either at the technical level or 00:28:29.580 --> 00:28:32.600 align:start position:0% take either at the technical level or like<00:28:29.730> techno<00:28:30.270> legal<00:28:30.770> contraption<00:28:31.770> in<00:28:32.220> order 00:28:32.600 --> 00:28:32.610 align:start position:0% like techno legal contraption in order 00:28:32.610 --> 00:28:39.210 align:start position:0% like techno legal contraption in order to<00:28:32.850> achieve<00:28:33.600> the<00:28:33.780> goal<00:28:33.960> that<00:28:34.140> we<00:28:34.320> want 00:28:39.210 --> 00:28:39.220 align:start position:0% 00:28:39.220 --> 00:28:42.270 align:start position:0% I<00:28:39.360> so<00:28:40.360> the<00:28:40.900> the<00:28:41.049> plantoids<00:28:41.409> definitely<00:28:42.130> looked 00:28:42.270 --> 00:28:42.280 align:start position:0% I so the the plantoids definitely looked 00:28:42.280 --> 00:28:43.919 align:start position:0% I so the the plantoids definitely looked very<00:28:42.490> cool<00:28:42.789> but<00:28:43.090> you<00:28:43.570> know<00:28:43.630> how<00:28:43.780> much 00:28:43.919 --> 00:28:43.929 align:start position:0% very cool but you know how much 00:28:43.929 --> 00:28:45.450 align:start position:0% very cool but you know how much importance<00:28:44.470> is<00:28:44.590> really<00:28:44.830> being<00:28:45.039> placed<00:28:45.280> on 00:28:45.450 --> 00:28:45.460 align:start position:0% importance is really being placed on 00:28:45.460 --> 00:28:47.430 align:start position:0% importance is really being placed on physical<00:28:46.030> form<00:28:46.270> of<00:28:46.390> these<00:28:46.510> things<00:28:46.780> it<00:28:47.200> seems 00:28:47.430 --> 00:28:47.440 align:start position:0% physical form of these things it seems 00:28:47.440 --> 00:28:49.590 align:start position:0% physical form of these things it seems like<00:28:47.620> a<00:28:47.650> lot<00:28:47.890> of<00:28:47.919> dowels<00:28:48.610> that<00:28:48.850> are<00:28:49.090> you<00:28:49.510> know 00:28:49.590 --> 00:28:49.600 align:start position:0% like a lot of dowels that are you know 00:28:49.600 --> 00:28:51.990 align:start position:0% like a lot of dowels that are you know popping<00:28:50.110> up<00:28:50.260> the<00:28:50.860> overall<00:28:51.220> lifetime 00:28:51.990 --> 00:28:52.000 align:start position:0% popping up the overall lifetime 00:28:52.000 --> 00:28:54.299 align:start position:0% popping up the overall lifetime expectancy<00:28:52.750> of<00:28:52.870> a<00:28:52.960> dhow<00:28:53.140> is<00:28:53.530> for<00:28:53.799> it<00:28:53.890> to<00:28:53.919> become 00:28:54.299 --> 00:28:54.309 align:start position:0% expectancy of a dhow is for it to become 00:28:54.309 --> 00:28:57.510 align:start position:0% expectancy of a dhow is for it to become a<00:28:54.780> autonomous<00:28:55.780> agent<00:28:56.140> especially<00:28:56.409> as<00:28:56.860> you 00:28:57.510 --> 00:28:57.520 align:start position:0% a autonomous agent especially as you 00:28:57.520 --> 00:28:59.220 align:start position:0% a autonomous agent especially as you know<00:28:57.610> collecting<00:28:58.059> becomes<00:28:58.480> automated<00:28:58.990> voting 00:28:59.220 --> 00:28:59.230 align:start position:0% know collecting becomes automated voting 00:28:59.230 --> 00:29:01.560 align:start position:0% know collecting becomes automated voting becomes<00:28:59.679> automated<00:29:00.130> by<00:29:00.220> the<00:29:00.280> network<00:29:00.669> and 00:29:01.560 --> 00:29:01.570 align:start position:0% becomes automated by the network and 00:29:01.570 --> 00:29:03.120 align:start position:0% becomes automated by the network and everyone<00:29:01.870> implementing<00:29:02.470> things<00:29:02.620> in<00:29:02.860> the<00:29:02.950> real 00:29:03.120 --> 00:29:03.130 align:start position:0% everyone implementing things in the real 00:29:03.130 --> 00:29:06.779 align:start position:0% everyone implementing things in the real world<00:29:03.309> becomes<00:29:03.760> increasingly<00:29:04.270> automated<00:29:05.789> so 00:29:06.779 --> 00:29:06.789 align:start position:0% world becomes increasingly automated so 00:29:06.789 --> 00:29:09.390 align:start position:0% world becomes increasingly automated so I<00:29:06.820> mean<00:29:07.210> like<00:29:07.390> this<00:29:08.200> entire<00:29:08.530> project<00:29:09.010> is<00:29:09.159> cool 00:29:09.390 --> 00:29:09.400 align:start position:0% I mean like this entire project is cool 00:29:09.400 --> 00:29:11.760 align:start position:0% I mean like this entire project is cool you<00:29:09.820> know<00:29:09.880> why<00:29:10.179> focus<00:29:10.690> on<00:29:10.990> a<00:29:11.049> physical<00:29:11.530> piece 00:29:11.760 --> 00:29:11.770 align:start position:0% you know why focus on a physical piece 00:29:11.770 --> 00:29:13.260 align:start position:0% you know why focus on a physical piece of<00:29:11.919> hardware<00:29:12.250> that<00:29:12.520> doesn't<00:29:12.820> really<00:29:12.940> add<00:29:13.120> too 00:29:13.260 --> 00:29:13.270 align:start position:0% of hardware that doesn't really add too 00:29:13.270 --> 00:29:15.539 align:start position:0% of hardware that doesn't really add too much<00:29:13.419> compute<00:29:13.809> capabilities<00:29:14.429> instead<00:29:15.429> of 00:29:15.539 --> 00:29:15.549 align:start position:0% much compute capabilities instead of 00:29:15.549 --> 00:29:17.220 align:start position:0% much compute capabilities instead of more<00:29:15.730> you<00:29:16.120> know<00:29:16.210> software<00:29:16.510> deployment<00:29:17.049> and 00:29:17.220 --> 00:29:17.230 align:start position:0% more you know software deployment and 00:29:17.230 --> 00:29:19.529 align:start position:0% more you know software deployment and autonomous<00:29:17.799> ways<00:29:18.039> trying<00:29:18.909> to<00:29:19.000> lead<00:29:19.179> more 00:29:19.529 --> 00:29:19.539 align:start position:0% autonomous ways trying to lead more 00:29:19.539 --> 00:29:21.120 align:start position:0% autonomous ways trying to lead more towards<00:29:19.900> dows<00:29:20.320> with<00:29:20.620> autonomous 00:29:21.120 --> 00:29:21.130 align:start position:0% towards dows with autonomous 00:29:21.130 --> 00:29:23.850 align:start position:0% towards dows with autonomous decision-making<00:29:21.780> so<00:29:22.780> I<00:29:22.809> mean<00:29:22.990> that's<00:29:23.679> an 00:29:23.850 --> 00:29:23.860 align:start position:0% decision-making so I mean that's an 00:29:23.860 --> 00:29:26.490 align:start position:0% decision-making so I mean that's an artistic<00:29:24.490> project<00:29:24.850> successful<00:29:25.330> so<00:29:25.630> it<00:29:26.230> needs 00:29:26.490 --> 00:29:26.500 align:start position:0% artistic project successful so it needs 00:29:26.500 --> 00:29:28.140 align:start position:0% artistic project successful so it needs to<00:29:26.620> have<00:29:26.710> some<00:29:26.770> artistic<00:29:27.309> project<00:29:27.789> and<00:29:27.970> the 00:29:28.140 --> 00:29:28.150 align:start position:0% to have some artistic project and the 00:29:28.150 --> 00:29:30.419 align:start position:0% to have some artistic project and the idea<00:29:28.240> is<00:29:28.480> actually<00:29:28.630> I'm<00:29:29.350> using<00:29:29.620> this<00:29:29.860> as<00:29:30.039> a<00:29:30.159> as 00:29:30.419 --> 00:29:30.429 align:start position:0% idea is actually I'm using this as a as 00:29:30.429 --> 00:29:33.899 align:start position:0% idea is actually I'm using this as a as an<00:29:30.669> object<00:29:30.909> to<00:29:31.419> talk<00:29:31.990> with<00:29:32.400> lawyers<00:29:33.400> and<00:29:33.789> to 00:29:33.899 --> 00:29:33.909 align:start position:0% an object to talk with lawyers and to 00:29:33.909 --> 00:29:35.549 align:start position:0% an object to talk with lawyers and to talk<00:29:34.059> with<00:29:34.090> anyone<00:29:34.510> like<00:29:34.809> if<00:29:35.110> you<00:29:35.289> try<00:29:35.440> to 00:29:35.549 --> 00:29:35.559 align:start position:0% talk with anyone like if you try to 00:29:35.559 --> 00:29:38.970 align:start position:0% talk with anyone like if you try to explain<00:29:36.450> to<00:29:37.450> like<00:29:37.690> someone<00:29:38.260> that<00:29:38.409> is<00:29:38.530> not<00:29:38.559> like 00:29:38.970 --> 00:29:38.980 align:start position:0% explain to like someone that is not like 00:29:38.980 --> 00:29:41.220 align:start position:0% explain to like someone that is not like deep<00:29:39.789> into<00:29:40.120> the<00:29:40.270> bloodstream<00:29:40.539> space<00:29:40.960> if<00:29:41.140> you 00:29:41.220 --> 00:29:41.230 align:start position:0% deep into the bloodstream space if you 00:29:41.230 --> 00:29:42.960 align:start position:0% deep into the bloodstream space if you try<00:29:41.350> to<00:29:41.409> explain<00:29:41.710> a<00:29:41.799> dhow<00:29:42.130> and<00:29:42.490> if<00:29:42.580> you<00:29:42.730> want<00:29:42.880> to 00:29:42.960 --> 00:29:42.970 align:start position:0% try to explain a dhow and if you want to 00:29:42.970 --> 00:29:44.850 align:start position:0% try to explain a dhow and if you want to discuss<00:29:43.330> with<00:29:43.690> lawyers<00:29:43.929> about<00:29:44.440> the<00:29:44.590> legal 00:29:44.850 --> 00:29:44.860 align:start position:0% discuss with lawyers about the legal 00:29:44.860 --> 00:29:46.620 align:start position:0% discuss with lawyers about the legal challenges<00:29:45.340> of<00:29:45.549> a<00:29:45.640> dhow<00:29:45.820> it's<00:29:46.419> really 00:29:46.620 --> 00:29:46.630 align:start position:0% challenges of a dhow it's really 00:29:46.630 --> 00:29:48.000 align:start position:0% challenges of a dhow it's really complicated<00:29:46.929> because<00:29:47.350> everyone<00:29:47.799> stopped 00:29:48.000 --> 00:29:48.010 align:start position:0% complicated because everyone stopped 00:29:48.010 --> 00:29:49.560 align:start position:0% complicated because everyone stopped asking<00:29:48.190> about<00:29:48.580> the<00:29:48.700> technical<00:29:49.120> question 00:29:49.560 --> 00:29:49.570 align:start position:0% asking about the technical question 00:29:49.570 --> 00:29:50.880 align:start position:0% asking about the technical question which<00:29:49.900> is<00:29:50.020> not<00:29:50.169> the<00:29:50.260> interesting<00:29:50.740> thing 00:29:50.880 --> 00:29:50.890 align:start position:0% which is not the interesting thing 00:29:50.890 --> 00:29:52.200 align:start position:0% which is not the interesting thing because<00:29:51.070> then<00:29:51.190> you<00:29:51.280> have<00:29:51.429> to<00:29:51.549> stop<00:29:51.760> explaining 00:29:52.200 --> 00:29:52.210 align:start position:0% because then you have to stop explaining 00:29:52.210 --> 00:29:54.539 align:start position:0% because then you have to stop explaining the<00:29:52.419> world<00:29:52.600> auction<00:29:53.049> thing<00:29:53.679> before<00:29:54.340> you<00:29:54.429> can 00:29:54.539 --> 00:29:54.549 align:start position:0% the world auction thing before you can 00:29:54.549 --> 00:29:55.529 align:start position:0% the world auction thing before you can actually<00:29:54.789> engage<00:29:54.970> into<00:29:55.210> an<00:29:55.299> interesting 00:29:55.529 --> 00:29:55.539 align:start position:0% actually engage into an interesting 00:29:55.539 --> 00:29:57.510 align:start position:0% actually engage into an interesting legal<00:29:55.929> discussion<00:29:56.320> so<00:29:56.950> this<00:29:57.100> is<00:29:57.190> actually<00:29:57.460> a 00:29:57.510 --> 00:29:57.520 align:start position:0% legal discussion so this is actually a 00:29:57.520 --> 00:29:59.730 align:start position:0% legal discussion so this is actually a very<00:29:57.669> nice<00:29:57.909> shortcut<00:29:58.570> because<00:29:59.320> you<00:29:59.559> just 00:29:59.730 --> 00:29:59.740 align:start position:0% very nice shortcut because you just 00:29:59.740 --> 00:30:01.890 align:start position:0% very nice shortcut because you just explain<00:30:00.130> how<00:30:00.370> the<00:30:00.429> dial<00:30:00.760> works<00:30:01.059> and<00:30:01.450> then 00:30:01.890 --> 00:30:01.900 align:start position:0% explain how the dial works and then 00:30:01.900 --> 00:30:04.470 align:start position:0% explain how the dial works and then people<00:30:02.230> actually<00:30:02.409> stop<00:30:03.090> thinking<00:30:04.090> around 00:30:04.470 --> 00:30:04.480 align:start position:0% people actually stop thinking around 00:30:04.480 --> 00:30:07.140 align:start position:0% people actually stop thinking around this<00:30:04.840> object<00:30:05.110> of<00:30:05.980> the<00:30:06.280> doubt<00:30:06.580> but<00:30:06.789> actually 00:30:07.140 --> 00:30:07.150 align:start position:0% this object of the doubt but actually 00:30:07.150 --> 00:30:08.850 align:start position:0% this object of the doubt but actually sub-discipline<00:30:07.780> thought<00:30:07.990> and<00:30:08.200> therefore<00:30:08.650> you 00:30:08.850 --> 00:30:08.860 align:start position:0% sub-discipline thought and therefore you 00:30:08.860 --> 00:30:09.960 align:start position:0% sub-discipline thought and therefore you can<00:30:08.980> actually<00:30:09.100> engage<00:30:09.370> into<00:30:09.610> the<00:30:09.730> snigger 00:30:09.960 --> 00:30:09.970 align:start position:0% can actually engage into the snigger 00:30:09.970 --> 00:30:11.760 align:start position:0% can actually engage into the snigger discussions<00:30:10.510> without<00:30:11.140> having<00:30:11.470> to<00:30:11.559> explain 00:30:11.760 --> 00:30:11.770 align:start position:0% discussions without having to explain 00:30:11.770 --> 00:30:13.500 align:start position:0% discussions without having to explain all<00:30:12.159> these<00:30:12.370> things<00:30:12.610> that<00:30:12.789> goes<00:30:13.000> into<00:30:13.210> like<00:30:13.419> the 00:30:13.500 --> 00:30:13.510 align:start position:0% all these things that goes into like the 00:30:13.510 --> 00:30:14.940 align:start position:0% all these things that goes into like the technicalities<00:30:14.169> of<00:30:14.200> the<00:30:14.380> blockchain<00:30:14.590> so<00:30:14.830> it's 00:30:14.940 --> 00:30:14.950 align:start position:0% technicalities of the blockchain so it's 00:30:14.950 --> 00:30:17.659 align:start position:0% technicalities of the blockchain so it's it's<00:30:15.159> not<00:30:15.340> far<00:30:15.730> it's<00:30:16.390> not<00:30:16.539> as<00:30:16.690> a<00:30:16.780> prop<00:30:17.049> that 00:30:17.659 --> 00:30:17.669 align:start position:0% it's not far it's not as a prop that 00:30:17.669 --> 00:30:19.890 align:start position:0% it's not far it's not as a prop that illustrates<00:30:18.669> the<00:30:18.970> legal<00:30:19.210> challenge<00:30:19.539> in<00:30:19.690> a<00:30:19.750> way 00:30:19.890 --> 00:30:19.900 align:start position:0% illustrates the legal challenge in a way 00:30:19.900 --> 00:30:21.330 align:start position:0% illustrates the legal challenge in a way that<00:30:20.080> is<00:30:20.200> actually<00:30:20.470> very<00:30:20.500> accessible<00:30:21.130> and 00:30:21.330 --> 00:30:21.340 align:start position:0% that is actually very accessible and 00:30:21.340 --> 00:30:22.740 align:start position:0% that is actually very accessible and that<00:30:21.820> makes<00:30:22.030> it<00:30:22.120> possible<00:30:22.299> to<00:30:22.630> actually 00:30:22.740 --> 00:30:22.750 align:start position:0% that makes it possible to actually 00:30:22.750 --> 00:30:24.659 align:start position:0% that makes it possible to actually discuss<00:30:23.350> around<00:30:23.860> that<00:30:24.039> and<00:30:24.220> I'm<00:30:24.309> actually<00:30:24.429> I'm 00:30:24.659 --> 00:30:24.669 align:start position:0% discuss around that and I'm actually I'm 00:30:24.669 --> 00:30:26.399 align:start position:0% discuss around that and I'm actually I'm very<00:30:24.850> eager<00:30:25.090> to<00:30:25.240> figure<00:30:25.690> out<00:30:25.840> or<00:30:26.020> to<00:30:26.140> resolve 00:30:26.399 --> 00:30:26.409 align:start position:0% very eager to figure out or to resolve 00:30:26.409 --> 00:30:27.779 align:start position:0% very eager to figure out or to resolve those<00:30:26.590> legal<00:30:26.830> challenge<00:30:27.100> for<00:30:27.280> the<00:30:27.400> plaintiff 00:30:27.779 --> 00:30:27.789 align:start position:0% those legal challenge for the plaintiff 00:30:27.789 --> 00:30:29.490 align:start position:0% those legal challenge for the plaintiff but<00:30:27.940> if<00:30:28.179> we<00:30:28.480> figure<00:30:28.780> it<00:30:28.900> out<00:30:28.960> for<00:30:29.200> the<00:30:29.320> plan 00:30:29.490 --> 00:30:29.500 align:start position:0% but if we figure it out for the plan 00:30:29.500 --> 00:30:30.960 align:start position:0% but if we figure it out for the plan that<00:30:29.650> we<00:30:29.770> figure<00:30:30.010> out<00:30:30.190> for<00:30:30.400> the<00:30:30.490> dollars<00:30:30.789> in 00:30:30.960 --> 00:30:30.970 align:start position:0% that we figure out for the dollars in 00:30:30.970 --> 00:30:33.090 align:start position:0% that we figure out for the dollars in general<00:30:31.450> right<00:30:31.690> and<00:30:31.960> then<00:30:32.530> the<00:30:32.679> other<00:30:32.799> thing 00:30:33.090 --> 00:30:33.100 align:start position:0% general right and then the other thing 00:30:33.100 --> 00:30:35.610 align:start position:0% general right and then the other thing is<00:30:33.220> that<00:30:33.250> I<00:30:33.730> feel<00:30:34.510> like<00:30:34.750> having<00:30:35.289> like<00:30:35.440> the 00:30:35.610 --> 00:30:35.620 align:start position:0% is that I feel like having like the 00:30:35.620 --> 00:30:37.560 align:start position:0% is that I feel like having like the physicality<00:30:36.370> and<00:30:36.580> the<00:30:36.640> governance<00:30:37.240> is<00:30:37.419> like 00:30:37.560 --> 00:30:37.570 align:start position:0% physicality and the governance is like 00:30:37.570 --> 00:30:39.600 align:start position:0% physicality and the governance is like in<00:30:37.750> the<00:30:37.870> evolution<00:30:38.409> in<00:30:38.590> the<00:30:38.980> genealogical 00:30:39.600 --> 00:30:39.610 align:start position:0% in the evolution in the genealogical 00:30:39.610 --> 00:30:42.090 align:start position:0% in the evolution in the genealogical tree<00:30:39.730> you<00:30:40.210> can<00:30:40.390> play<00:30:40.570> on<00:30:40.690> both<00:30:40.900> sides<00:30:41.169> so<00:30:41.740> most 00:30:42.090 --> 00:30:42.100 align:start position:0% tree you can play on both sides so most 00:30:42.100 --> 00:30:44.070 align:start position:0% tree you can play on both sides so most of<00:30:42.309> the<00:30:42.520> planted<00:30:42.940> so<00:30:43.150> far<00:30:43.419> they<00:30:43.750> have<00:30:43.870> always 00:30:44.070 --> 00:30:44.080 align:start position:0% of the planted so far they have always 00:30:44.080 --> 00:30:46.289 align:start position:0% of the planted so far they have always been<00:30:44.350> focusing<00:30:44.950> on<00:30:45.070> the<00:30:45.250> physical<00:30:45.820> evolution 00:30:46.289 --> 00:30:46.299 align:start position:0% been focusing on the physical evolution 00:30:46.299 --> 00:30:49.110 align:start position:0% been focusing on the physical evolution so<00:30:47.049> the<00:30:47.200> DNA<00:30:47.500> is<00:30:47.919> mostly<00:30:48.309> related<00:30:48.490> to<00:30:48.880> the<00:30:49.000> way 00:30:49.110 --> 00:30:49.120 align:start position:0% so the DNA is mostly related to the way 00:30:49.120 --> 00:30:50.760 align:start position:0% so the DNA is mostly related to the way they<00:30:49.179> look<00:30:49.539> and<00:30:49.720> this<00:30:50.169> is<00:30:50.289> actually<00:30:50.530> the<00:30:50.590> first 00:30:50.760 --> 00:30:50.770 align:start position:0% they look and this is actually the first 00:30:50.770 --> 00:30:51.670 align:start position:0% they look and this is actually the first one<00:30:51.010> that 00:30:51.670 --> 00:30:51.680 align:start position:0% one that 00:30:51.680 --> 00:30:54.340 align:start position:0% one that incorporates<00:30:52.400> as<00:30:52.580> a<00:30:52.640> DNA<00:30:53.140> criteria<00:30:54.140> a 00:30:54.340 --> 00:30:54.350 align:start position:0% incorporates as a DNA criteria a 00:30:54.350 --> 00:30:56.320 align:start position:0% incorporates as a DNA criteria a governance<00:30:55.130> question<00:30:55.250> so<00:30:55.700> now<00:30:55.850> it<00:30:56.000> is<00:30:56.120> like 00:30:56.320 --> 00:30:56.330 align:start position:0% governance question so now it is like 00:30:56.330 --> 00:30:58.300 align:start position:0% governance question so now it is like this<00:30:56.930> is<00:30:57.080> the<00:30:57.110> smart<00:30:57.410> contract<00:30:57.620> that<00:30:58.010> becomes 00:30:58.300 --> 00:30:58.310 align:start position:0% this is the smart contract that becomes 00:30:58.310 --> 00:31:00.190 align:start position:0% this is the smart contract that becomes part<00:30:58.550> of<00:30:58.670> the<00:30:58.820> DNA<00:30:59.030> which<00:30:59.630> means<00:30:59.870> that<00:31:00.050> now 00:31:00.190 --> 00:31:00.200 align:start position:0% part of the DNA which means that now 00:31:00.200 --> 00:31:02.200 align:start position:0% part of the DNA which means that now every<00:31:00.620> single<00:31:00.830> one<00:31:01.010> that<00:31:01.190> is<00:31:01.550> reproducing 00:31:02.200 --> 00:31:02.210 align:start position:0% every single one that is reproducing 00:31:02.210 --> 00:31:03.850 align:start position:0% every single one that is reproducing from<00:31:02.390> this<00:31:02.600> one<00:31:02.840> will<00:31:03.290> have<00:31:03.500> to<00:31:03.620> incorporate 00:31:03.850 --> 00:31:03.860 align:start position:0% from this one will have to incorporate 00:31:03.860 --> 00:31:06.220 align:start position:0% from this one will have to incorporate the<00:31:04.550> double-stack<00:31:05.030> holographic<00:31:05.600> consensus 00:31:06.220 --> 00:31:06.230 align:start position:0% the double-stack holographic consensus 00:31:06.230 --> 00:31:08.050 align:start position:0% the double-stack holographic consensus and<00:31:06.410> then<00:31:06.770> people<00:31:06.950> need<00:31:07.190> to<00:31:07.310> innovate<00:31:07.490> within 00:31:08.050 --> 00:31:08.060 align:start position:0% and then people need to innovate within 00:31:08.060 --> 00:31:09.550 align:start position:0% and then people need to innovate within the<00:31:08.270> government<00:31:08.720> structure<00:31:09.080> of<00:31:09.230> that<00:31:09.380> smart 00:31:09.550 --> 00:31:09.560 align:start position:0% the government structure of that smart 00:31:09.560 --> 00:31:12.310 align:start position:0% the government structure of that smart contract<00:31:10.040> right<00:31:10.610> so<00:31:10.790> it<00:31:10.880> can<00:31:11.030> go<00:31:11.210> it's<00:31:12.110> like<00:31:12.260> a 00:31:12.310 --> 00:31:12.320 align:start position:0% contract right so it can go it's like a 00:31:12.320 --> 00:31:14.680 align:start position:0% contract right so it can go it's like a hybrid<00:31:13.010> between<00:31:13.220> two<00:31:13.700> my<00:31:14.270> hope<00:31:14.480> is<00:31:14.660> that 00:31:14.680 --> 00:31:14.690 align:start position:0% hybrid between two my hope is that 00:31:14.690 --> 00:31:17.010 align:start position:0% hybrid between two my hope is that actually<00:31:15.200> there<00:31:15.410> will<00:31:15.530> be<00:31:15.560> increasingly<00:31:16.280> more 00:31:17.010 --> 00:31:17.020 align:start position:0% actually there will be increasingly more 00:31:17.020 --> 00:31:19.960 align:start position:0% actually there will be increasingly more advances<00:31:18.020> and<00:31:18.400> evolutionary<00:31:19.400> things<00:31:19.760> that 00:31:19.960 --> 00:31:19.970 align:start position:0% advances and evolutionary things that 00:31:19.970 --> 00:31:21.880 align:start position:0% advances and evolutionary things that happen<00:31:20.270> within<00:31:20.450> the<00:31:20.600> governments<00:31:21.200> but<00:31:21.620> at<00:31:21.800> the 00:31:21.880 --> 00:31:21.890 align:start position:0% happen within the governments but at the 00:31:21.890 --> 00:31:23.050 align:start position:0% happen within the governments but at the same<00:31:22.070> time<00:31:22.250> there<00:31:22.430> will<00:31:22.550> also<00:31:22.700> be<00:31:22.850> the 00:31:23.050 --> 00:31:23.060 align:start position:0% same time there will also be the 00:31:23.060 --> 00:31:24.640 align:start position:0% same time there will also be the physical<00:31:23.510> because<00:31:23.870> it's<00:31:24.140> an<00:31:24.230> artistic 00:31:24.640 --> 00:31:24.650 align:start position:0% physical because it's an artistic 00:31:24.650 --> 00:31:30.970 align:start position:0% physical because it's an artistic project<00:31:29.140> thank<00:31:30.140> you<00:31:30.230> for<00:31:30.470> that<00:31:30.590> inspiring 00:31:30.970 --> 00:31:30.980 align:start position:0% project thank you for that inspiring 00:31:30.980 --> 00:31:33.940 align:start position:0% project thank you for that inspiring talk<00:31:31.520> about<00:31:32.330> such<00:31:32.600> an<00:31:32.690> inspiring<00:31:32.840> topic<00:31:33.380> and 00:31:33.940 --> 00:31:33.950 align:start position:0% talk about such an inspiring topic and 00:31:33.950 --> 00:31:36.430 align:start position:0% talk about such an inspiring topic and my<00:31:34.250> question<00:31:34.640> is<00:31:34.760> you<00:31:35.390> mentioned<00:31:35.420> two<00:31:36.260> notions 00:31:36.430 --> 00:31:36.440 align:start position:0% my question is you mentioned two notions 00:31:36.440 --> 00:31:41.380 align:start position:0% my question is you mentioned two notions about<00:31:37.510> autonomy<00:31:38.510> and<00:31:39.160> agency<00:31:40.160> and<00:31:40.400> whenever 00:31:41.380 --> 00:31:41.390 align:start position:0% about autonomy and agency and whenever 00:31:41.390 --> 00:31:44.260 align:start position:0% about autonomy and agency and whenever we<00:31:42.230> are<00:31:42.260> in<00:31:42.440> discussions<00:31:42.950> about<00:31:43.040> like<00:31:43.400> let's 00:31:44.260 --> 00:31:44.270 align:start position:0% we are in discussions about like let's 00:31:44.270 --> 00:31:46.060 align:start position:0% we are in discussions about like let's call<00:31:44.450> it<00:31:44.570> digital<00:31:44.720> persons<00:31:45.440> to<00:31:45.560> explain<00:31:45.890> like 00:31:46.060 --> 00:31:46.070 align:start position:0% call it digital persons to explain like 00:31:46.070 --> 00:31:48.330 align:start position:0% call it digital persons to explain like natural<00:31:46.550> legal<00:31:46.910> and<00:31:47.000> digital<00:31:47.330> persons<00:31:47.750> and 00:31:48.330 --> 00:31:48.340 align:start position:0% natural legal and digital persons and 00:31:48.340 --> 00:31:50.820 align:start position:0% natural legal and digital persons and people<00:31:49.340> are<00:31:49.490> always<00:31:49.850> scared<00:31:50.150> of<00:31:50.510> this 00:31:50.820 --> 00:31:50.830 align:start position:0% people are always scared of this 00:31:50.830 --> 00:31:54.460 align:start position:0% people are always scared of this guaranteed<00:31:51.830> self<00:31:52.130> execution<00:31:52.850> and<00:31:53.060> this<00:31:53.480> case 00:31:54.460 --> 00:31:54.470 align:start position:0% guaranteed self execution and this case 00:31:54.470 --> 00:31:56.080 align:start position:0% guaranteed self execution and this case that<00:31:54.650> it's<00:31:54.770> unstoppable<00:31:55.160> unless<00:31:55.730> you<00:31:55.880> stop 00:31:56.080 --> 00:31:56.090 align:start position:0% that it's unstoppable unless you stop 00:31:56.090 --> 00:31:57.790 align:start position:0% that it's unstoppable unless you stop the<00:31:56.210> whole<00:31:56.360> network<00:31:56.570> and<00:31:57.050> then<00:31:57.500> the<00:31:57.590> first 00:31:57.790 --> 00:31:57.800 align:start position:0% the whole network and then the first 00:31:57.800 --> 00:31:59.440 align:start position:0% the whole network and then the first thing<00:31:58.010> that<00:31:58.160> people<00:31:58.280> usually<00:31:58.550> say<00:31:58.910> is<00:31:59.060> like<00:31:59.270> oh 00:31:59.440 --> 00:31:59.450 align:start position:0% thing that people usually say is like oh 00:31:59.450 --> 00:32:02.170 align:start position:0% thing that people usually say is like oh that's<00:31:59.660> kind<00:31:59.980> what<00:32:00.980> are<00:32:01.100> we<00:32:01.190> going<00:32:01.340> to<00:32:01.490> do<00:32:01.670> we 00:32:02.170 --> 00:32:02.180 align:start position:0% that's kind what are we going to do we 00:32:02.180 --> 00:32:04.780 align:start position:0% that's kind what are we going to do we need<00:32:02.330> a<00:32:02.360> kill<00:32:02.630> switch<00:32:02.810> in<00:32:03.140> the<00:32:03.320> code<00:32:03.670> what<00:32:04.670> is 00:32:04.780 --> 00:32:04.790 align:start position:0% need a kill switch in the code what is 00:32:04.790 --> 00:32:06.790 align:start position:0% need a kill switch in the code what is your<00:32:04.970> thought<00:32:05.210> about<00:32:05.290> if<00:32:06.290> you<00:32:06.470> would<00:32:06.620> have<00:32:06.740> a 00:32:06.790 --> 00:32:06.800 align:start position:0% your thought about if you would have a 00:32:06.800 --> 00:32:08.590 align:start position:0% your thought about if you would have a kill<00:32:07.100> switch<00:32:07.250> in<00:32:07.550> the<00:32:07.640> code<00:32:07.850> wouldn't<00:32:08.420> that 00:32:08.590 --> 00:32:08.600 align:start position:0% kill switch in the code wouldn't that 00:32:08.600 --> 00:32:10.750 align:start position:0% kill switch in the code wouldn't that take<00:32:08.810> away<00:32:09.140> the<00:32:09.440> operational<00:32:10.100> autonomy<00:32:10.670> at 00:32:10.750 --> 00:32:10.760 align:start position:0% take away the operational autonomy at 00:32:10.760 --> 00:32:13.690 align:start position:0% take away the operational autonomy at the<00:32:10.940> end<00:32:11.060> absolutely<00:32:12.190> so<00:32:13.190> there<00:32:13.400> would<00:32:13.520> be<00:32:13.550> a 00:32:13.690 --> 00:32:13.700 align:start position:0% the end absolutely so there would be a 00:32:13.700 --> 00:32:16.810 align:start position:0% the end absolutely so there would be a contradiction<00:32:14.240> actually<00:32:14.870> to<00:32:15.020> have<00:32:15.170> a<00:32:15.550> good<00:32:16.580> so 00:32:16.810 --> 00:32:16.820 align:start position:0% contradiction actually to have a good so 00:32:16.820 --> 00:32:18.880 align:start position:0% contradiction actually to have a good so not<00:32:17.240> all<00:32:17.510> doctrine<00:32:17.960> based<00:32:18.110> systems<00:32:18.620> are 00:32:18.880 --> 00:32:18.890 align:start position:0% not all doctrine based systems are 00:32:18.890 --> 00:32:21.460 align:start position:0% not all doctrine based systems are designed<00:32:19.310> to<00:32:19.700> be<00:32:19.940> fully<00:32:20.240> autonomous<00:32:20.810> and<00:32:21.050> if 00:32:21.460 --> 00:32:21.470 align:start position:0% designed to be fully autonomous and if 00:32:21.470 --> 00:32:23.290 align:start position:0% designed to be fully autonomous and if you<00:32:21.650> start<00:32:21.890> creating<00:32:22.400> something<00:32:22.700> whether<00:32:23.030> is 00:32:23.290 --> 00:32:23.300 align:start position:0% you start creating something whether is 00:32:23.300 --> 00:32:25.420 align:start position:0% you start creating something whether is an<00:32:23.450> owner<00:32:23.630> of<00:32:24.020> this<00:32:24.200> map<00:32:24.410> contract<00:32:24.950> or<00:32:25.130> if<00:32:25.280> you 00:32:25.420 --> 00:32:25.430 align:start position:0% an owner of this map contract or if you 00:32:25.430 --> 00:32:26.920 align:start position:0% an owner of this map contract or if you use<00:32:25.610> like<00:32:25.790> proxy<00:32:26.180> contracts<00:32:26.600> or<00:32:26.750> all<00:32:26.810> this 00:32:26.920 --> 00:32:26.930 align:start position:0% use like proxy contracts or all this 00:32:26.930 --> 00:32:30.190 align:start position:0% use like proxy contracts or all this stuff<00:32:27.170> I<00:32:27.580> mean<00:32:28.580> it<00:32:28.910> is<00:32:29.090> it<00:32:29.780> is<00:32:29.960> decentralized 00:32:30.190 --> 00:32:30.200 align:start position:0% stuff I mean it is it is decentralized 00:32:30.200 --> 00:32:31.720 align:start position:0% stuff I mean it is it is decentralized but<00:32:30.500> it's<00:32:30.620> not<00:32:30.710> autonomous<00:32:30.950> because<00:32:31.520> you<00:32:31.640> have 00:32:31.720 --> 00:32:31.730 align:start position:0% but it's not autonomous because you have 00:32:31.730 --> 00:32:32.950 align:start position:0% but it's not autonomous because you have someone<00:32:32.030> that<00:32:32.060> is<00:32:32.270> actually<00:32:32.510> controlling<00:32:32.840> the 00:32:32.950 --> 00:32:32.960 align:start position:0% someone that is actually controlling the 00:32:32.960 --> 00:32:37.930 align:start position:0% someone that is actually controlling the system<00:32:33.560> so<00:32:35.170> yes<00:32:36.170> I<00:32:36.470> mean<00:32:36.680> I'm<00:32:36.980> not<00:32:37.070> sure<00:32:37.130> yes<00:32:37.760> it 00:32:37.930 --> 00:32:37.940 align:start position:0% system so yes I mean I'm not sure yes it 00:32:37.940 --> 00:32:39.760 align:start position:0% system so yes I mean I'm not sure yes it will<00:32:38.090> definitely<00:32:38.570> reduce<00:32:38.720> the<00:32:39.080> autonomy<00:32:39.590> of 00:32:39.760 --> 00:32:39.770 align:start position:0% will definitely reduce the autonomy of 00:32:39.770 --> 00:32:42.430 align:start position:0% will definitely reduce the autonomy of the<00:32:40.100> system<00:32:40.630> so<00:32:41.630> when<00:32:41.780> we<00:32:41.900> talk<00:32:42.020> about<00:32:42.050> the 00:32:42.430 --> 00:32:42.440 align:start position:0% the system so when we talk about the 00:32:42.440 --> 00:32:45.010 align:start position:0% the system so when we talk about the centralized<00:32:42.770> autonomous<00:32:43.400> organizations<00:32:44.150> we 00:32:45.010 --> 00:32:45.020 align:start position:0% centralized autonomous organizations we 00:32:45.020 --> 00:32:46.480 align:start position:0% centralized autonomous organizations we probably<00:32:45.290> talk<00:32:45.530> about<00:32:45.560> those<00:32:46.130> particular 00:32:46.480 --> 00:32:46.490 align:start position:0% probably talk about those particular 00:32:46.490 --> 00:32:49.600 align:start position:0% probably talk about those particular types<00:32:46.940> or<00:32:47.210> smart<00:32:47.480> contracts<00:32:48.140> which<00:32:48.290> are<00:32:48.610> you 00:32:49.600 --> 00:32:49.610 align:start position:0% types or smart contracts which are you 00:32:49.610 --> 00:32:52.450 align:start position:0% types or smart contracts which are you know<00:32:49.730> I<00:32:49.940> mean<00:32:50.480> whatever<00:32:50.870> who<00:32:51.350> knows<00:32:51.560> what<00:32:51.740> sort 00:32:52.450 --> 00:32:52.460 align:start position:0% know I mean whatever who knows what sort 00:32:52.460 --> 00:32:54.370 align:start position:0% know I mean whatever who knows what sort of<00:32:52.580> commands<00:32:53.030> but<00:32:53.240> of<00:32:53.900> course<00:32:54.140> it's<00:32:54.260> never 00:32:54.370 --> 00:32:54.380 align:start position:0% of commands but of course it's never 00:32:54.380 --> 00:32:55.960 align:start position:0% of commands but of course it's never fully<00:32:54.800> autonomous<00:32:55.280> because<00:32:55.430> usually<00:32:55.700> you 00:32:55.960 --> 00:32:55.970 align:start position:0% fully autonomous because usually you 00:32:55.970 --> 00:32:57.310 align:start position:0% fully autonomous because usually you always<00:32:56.000> have<00:32:56.360> people<00:32:56.510> that<00:32:56.780> can<00:32:56.990> vote<00:32:57.200> with 00:32:57.310 --> 00:32:57.320 align:start position:0% always have people that can vote with 00:32:57.320 --> 00:32:59.290 align:start position:0% always have people that can vote with tokens<00:32:57.920> or<00:32:58.040> with<00:32:58.190> a<00:32:58.220> reputation<00:32:58.580> on<00:32:59.030> things 00:32:59.290 --> 00:32:59.300 align:start position:0% tokens or with a reputation on things 00:32:59.300 --> 00:33:00.820 align:start position:0% tokens or with a reputation on things like<00:32:59.510> this<00:32:59.660> so<00:32:59.810> it's<00:32:59.960> not<00:33:00.080> like<00:33:00.260> fully<00:33:00.560> AI 00:33:00.820 --> 00:33:00.830 align:start position:0% like this so it's not like fully AI 00:33:00.830 --> 00:33:03.250 align:start position:0% like this so it's not like fully AI based<00:33:01.310> system<00:33:01.790> but<00:33:02.360> and<00:33:02.660> the<00:33:02.720> question<00:33:02.960> is<00:33:03.080> one 00:33:03.250 --> 00:33:03.260 align:start position:0% based system but and the question is one 00:33:03.260 --> 00:33:04.480 align:start position:0% based system but and the question is one is<00:33:03.410> when<00:33:03.650> does<00:33:03.800> it<00:33:03.830> stop<00:33:04.160> being 00:33:04.480 --> 00:33:04.490 align:start position:0% is when does it stop being 00:33:04.490 --> 00:33:06.220 align:start position:0% is when does it stop being decentralized<00:33:05.210> autonomous<00:33:05.300> organization 00:33:06.220 --> 00:33:06.230 align:start position:0% decentralized autonomous organization 00:33:06.230 --> 00:33:07.540 align:start position:0% decentralized autonomous organization and<00:33:06.350> it<00:33:06.440> becomes<00:33:06.740> like<00:33:06.890> a<00:33:06.950> centralized 00:33:07.540 --> 00:33:07.550 align:start position:0% and it becomes like a centralized 00:33:07.550 --> 00:33:14.230 align:start position:0% and it becomes like a centralized control<00:33:08.480> smart<00:33:08.809> contacts<00:33:09.910> thank<00:33:10.910> you<00:33:12.490> hello 00:33:14.230 --> 00:33:14.240 align:start position:0% control smart contacts thank you hello 00:33:14.240 --> 00:33:16.240 align:start position:0% control smart contacts thank you hello I<00:33:14.270> have<00:33:14.990> done<00:33:15.170> some<00:33:15.320> experiments<00:33:16.040> with 00:33:16.240 --> 00:33:16.250 align:start position:0% I have done some experiments with 00:33:16.250 --> 00:33:20.230 align:start position:0% I have done some experiments with Delaware<00:33:17.170> series<00:33:18.170> LLC<00:33:18.740> and<00:33:18.980> interim<00:33:19.880> smart 00:33:20.230 --> 00:33:20.240 align:start position:0% Delaware series LLC and interim smart 00:33:20.240 --> 00:33:24.790 align:start position:0% Delaware series LLC and interim smart contracts<00:33:21.640> but<00:33:22.640> in<00:33:23.090> this<00:33:23.330> case<00:33:23.679> isn't<00:33:24.679> it 00:33:24.790 --> 00:33:24.800 align:start position:0% contracts but in this case isn't it 00:33:24.800 --> 00:33:28.150 align:start position:0% contracts but in this case isn't it global<00:33:25.340> consensus<00:33:26.090> that<00:33:26.330> you<00:33:26.870> can't<00:33:27.740> have 00:33:28.150 --> 00:33:28.160 align:start position:0% global consensus that you can't have 00:33:28.160 --> 00:33:30.460 align:start position:0% global consensus that you can't have legal<00:33:28.640> personality<00:33:29.030> just<00:33:29.510> by<00:33:29.720> contracting 00:33:30.460 --> 00:33:30.470 align:start position:0% legal personality just by contracting 00:33:30.470 --> 00:33:31.810 align:start position:0% legal personality just by contracting isn't<00:33:31.429> it 00:33:31.810 --> 00:33:31.820 align:start position:0% isn't it 00:33:31.820 --> 00:33:36.120 align:start position:0% isn't it consensus<00:33:32.660> that<00:33:34.150> personalities<00:33:35.150> always 00:33:36.120 --> 00:33:36.130 align:start position:0% consensus that personalities always 00:33:36.130 --> 00:33:38.740 align:start position:0% consensus that personalities always granted<00:33:37.130> and<00:33:37.340> awarded<00:33:37.880> by<00:33:38.210> a<00:33:38.240> law<00:33:38.510> and 00:33:38.740 --> 00:33:38.750 align:start position:0% granted and awarded by a law and 00:33:38.750 --> 00:33:39.400 align:start position:0% granted and awarded by a law and government 00:33:39.400 --> 00:33:39.410 align:start position:0% government 00:33:39.410 --> 00:33:42.010 align:start position:0% government absolutely<00:33:40.179> that<00:33:41.179> does<00:33:41.390> the<00:33:41.510> point<00:33:41.660> is<00:33:41.900> like 00:33:42.010 --> 00:33:42.020 align:start position:0% absolutely that does the point is like 00:33:42.020 --> 00:33:44.919 align:start position:0% absolutely that does the point is like we<00:33:42.590> have<00:33:42.710> things<00:33:43.130> that<00:33:43.880> can<00:33:44.120> technically<00:33:44.630> do 00:33:44.919 --> 00:33:44.929 align:start position:0% we have things that can technically do 00:33:44.929 --> 00:33:47.680 align:start position:0% we have things that can technically do things<00:33:45.230> that<00:33:46.070> the<00:33:46.220> law<00:33:46.370> cannot<00:33:46.700> understand<00:33:47.450> of 00:33:47.680 --> 00:33:47.690 align:start position:0% things that the law cannot understand of 00:33:47.690 --> 00:33:49.690 align:start position:0% things that the law cannot understand of C<00:33:48.020> because<00:33:48.679> of<00:33:48.710> the<00:33:49.100> lack<00:33:49.309> of<00:33:49.340> legal 00:33:49.690 --> 00:33:49.700 align:start position:0% C because of the lack of legal 00:33:49.700 --> 00:33:51.490 align:start position:0% C because of the lack of legal personality<00:33:50.300> but<00:33:50.720> it<00:33:50.840> still<00:33:51.080> happened 00:33:51.490 --> 00:33:51.500 align:start position:0% personality but it still happened 00:33:51.500 --> 00:33:53.530 align:start position:0% personality but it still happened interest<00:33:51.860> in<00:33:52.070> owning<00:33:52.340> they<00:33:53.270> are<00:33:53.330> still 00:33:53.530 --> 00:33:53.540 align:start position:0% interest in owning they are still 00:33:53.540 --> 00:33:56.410 align:start position:0% interest in owning they are still processing<00:33:53.830> ETA<00:33:54.830> and<00:33:55.130> they<00:33:55.670> can<00:33:55.880> still<00:33:56.090> enter 00:33:56.410 --> 00:33:56.420 align:start position:0% processing ETA and they can still enter 00:33:56.420 --> 00:33:58.660 align:start position:0% processing ETA and they can still enter into<00:33:56.600> smart<00:33:56.960> contracts<00:33:57.440> relationship<00:33:58.190> it's 00:33:58.660 --> 00:33:58.670 align:start position:0% into smart contracts relationship it's 00:33:58.670 --> 00:34:00.520 align:start position:0% into smart contracts relationship it's just<00:33:58.760> that<00:33:59.059> the<00:33:59.300> law<00:33:59.450> doesn't<00:33:59.690> see<00:34:00.170> this<00:34:00.470> as 00:34:00.520 --> 00:34:00.530 align:start position:0% just that the law doesn't see this as 00:34:00.530 --> 00:34:02.350 align:start position:0% just that the law doesn't see this as being<00:34:00.950> the<00:34:01.190> owner<00:34:01.370> but<00:34:01.790> then<00:34:01.910> the<00:34:02.030> question<00:34:02.300> is 00:34:02.350 --> 00:34:02.360 align:start position:0% being the owner but then the question is 00:34:02.360 --> 00:34:03.760 align:start position:0% being the owner but then the question is who<00:34:02.540> is<00:34:02.660> the<00:34:02.780> owner<00:34:02.929> of<00:34:03.050> the<00:34:03.260> heeta<00:34:03.410> that<00:34:03.650> has 00:34:03.760 --> 00:34:03.770 align:start position:0% who is the owner of the heeta that has 00:34:03.770 --> 00:34:06.160 align:start position:0% who is the owner of the heeta that has been<00:34:03.950> donated<00:34:04.070> to<00:34:04.550> it<00:34:04.580> I<00:34:04.910> don't<00:34:05.570> know<00:34:05.840> the 00:34:06.160 --> 00:34:06.170 align:start position:0% been donated to it I don't know the 00:34:06.170 --> 00:34:09.250 align:start position:0% been donated to it I don't know the partnership<00:34:06.679> I'm<00:34:07.490> sorry<00:34:07.820> the<00:34:08.720> partnership 00:34:09.250 --> 00:34:09.260 align:start position:0% partnership I'm sorry the partnership 00:34:09.260 --> 00:34:14.349 align:start position:0% partnership I'm sorry the partnership and<00:34:09.790> people<00:34:10.790> in<00:34:11.000> the<00:34:11.119> partnership<00:34:13.359> assuming 00:34:14.349 --> 00:34:14.359 align:start position:0% and people in the partnership assuming 00:34:14.359 --> 00:34:16.000 align:start position:0% and people in the partnership assuming that<00:34:14.480> you<00:34:14.629> do<00:34:14.810> have<00:34:15.020> a<00:34:15.050> patent<00:34:15.530> a<00:34:15.619> general 00:34:16.000 --> 00:34:16.010 align:start position:0% that you do have a patent a general 00:34:16.010 --> 00:34:18.129 align:start position:0% that you do have a patent a general partnership<00:34:16.369> probably<00:34:17.119> if<00:34:17.510> it's<00:34:17.780> like<00:34:17.960> a 00:34:18.129 --> 00:34:18.139 align:start position:0% partnership probably if it's like a 00:34:18.139 --> 00:34:21.250 align:start position:0% partnership probably if it's like a fully<00:34:18.530> automated<00:34:19.340> AI<00:34:19.790> based<00:34:20.149> system<00:34:20.629> then<00:34:20.869> we 00:34:21.250 --> 00:34:21.260 align:start position:0% fully automated AI based system then we 00:34:21.260 --> 00:34:26.379 align:start position:0% fully automated AI based system then we have<00:34:21.379> another<00:34:21.530> question<00:34:22.929> Thanks<00:34:24.970> okay<00:34:25.970> thank 00:34:26.379 --> 00:34:26.389 align:start position:0% have another question Thanks okay thank 00:34:26.389 --> 00:34:31.880 align:start position:0% have another question Thanks okay thank you 00:34:31.880 --> 00:34:31.890 align:start position:0% 00:34:31.890 --> 00:34:40.659 align:start position:0% you 00:34:40.659 --> 00:34:40.669 align:start position:0% 00:34:40.669 --> 00:34:42.730 align:start position:0% you