WEBVTT Kind: captions Language: en 00:00:05.320 --> 00:00:07.660 align:start position:0% thanks<00:00:06.320> for<00:00:06.470> being<00:00:06.560> here<00:00:06.680> and<00:00:07.100> thanks<00:00:07.580> for 00:00:07.660 --> 00:00:07.670 align:start position:0% thanks for being here and thanks for 00:00:07.670 --> 00:00:09.340 align:start position:0% thanks for being here and thanks for staying<00:00:07.910> to<00:00:08.059> spy<00:00:08.210> the<00:00:08.240> typhoon 00:00:09.340 --> 00:00:09.350 align:start position:0% staying to spy the typhoon 00:00:09.350 --> 00:00:11.289 align:start position:0% staying to spy the typhoon I<00:00:09.410> lead<00:00:10.219> a<00:00:10.250> project<00:00:10.639> called<00:00:10.790> the<00:00:10.880> open<00:00:11.030> money 00:00:11.289 --> 00:00:11.299 align:start position:0% I lead a project called the open money 00:00:11.299 --> 00:00:14.080 align:start position:0% I lead a project called the open money initiative<00:00:11.719> and<00:00:12.100> today<00:00:13.100> we're<00:00:13.700> going<00:00:13.940> to 00:00:14.080 --> 00:00:14.090 align:start position:0% initiative and today we're going to 00:00:14.090 --> 00:00:16.240 align:start position:0% initiative and today we're going to leave<00:00:14.480> behind<00:00:14.660> a<00:00:15.050> little<00:00:15.290> bit<00:00:15.410> for<00:00:15.710> this<00:00:16.040> talk 00:00:16.240 --> 00:00:16.250 align:start position:0% leave behind a little bit for this talk 00:00:16.250 --> 00:00:17.920 align:start position:0% leave behind a little bit for this talk for<00:00:16.430> these<00:00:16.610> twenty<00:00:16.820> minutes<00:00:17.090> these<00:00:17.630> very 00:00:17.920 --> 00:00:17.930 align:start position:0% for these twenty minutes these very 00:00:17.930 --> 00:00:20.019 align:start position:0% for these twenty minutes these very technical<00:00:18.500> talk<00:00:19.130> these<00:00:19.430> very<00:00:19.640> technical 00:00:20.019 --> 00:00:20.029 align:start position:0% technical talk these very technical 00:00:20.029 --> 00:00:23.050 align:start position:0% technical talk these very technical keywords<00:00:20.890> and<00:00:21.890> we're<00:00:22.070> gonna<00:00:22.160> go<00:00:22.400> back<00:00:23.029> to 00:00:23.050 --> 00:00:23.060 align:start position:0% keywords and we're gonna go back to 00:00:23.060 --> 00:00:25.870 align:start position:0% keywords and we're gonna go back to basics<00:00:23.689> to<00:00:24.529> why<00:00:24.829> this<00:00:24.890> technology<00:00:25.730> matters 00:00:25.870 --> 00:00:25.880 align:start position:0% basics to why this technology matters 00:00:25.880 --> 00:00:27.880 align:start position:0% basics to why this technology matters and<00:00:26.329> how<00:00:26.930> do<00:00:26.989> we<00:00:27.140> help<00:00:27.320> people<00:00:27.410> that<00:00:27.739> need<00:00:27.860> it 00:00:27.880 --> 00:00:27.890 align:start position:0% and how do we help people that need it 00:00:27.890 --> 00:00:28.569 align:start position:0% and how do we help people that need it the<00:00:28.009> most 00:00:28.569 --> 00:00:28.579 align:start position:0% the most 00:00:28.579 --> 00:00:32.109 align:start position:0% the most so<00:00:29.480> I<00:00:29.509> wanna<00:00:29.689> introduce<00:00:29.869> you<00:00:30.140> to<00:00:30.680> Loreena<00:00:31.189> who 00:00:32.109 --> 00:00:32.119 align:start position:0% so I wanna introduce you to Loreena who 00:00:32.119 --> 00:00:35.080 align:start position:0% so I wanna introduce you to Loreena who is<00:00:32.239> a<00:00:32.270> baker<00:00:32.509> 48<00:00:33.200> year<00:00:33.380> old<00:00:33.790> she's<00:00:34.790> from 00:00:35.080 --> 00:00:35.090 align:start position:0% is a baker 48 year old she's from 00:00:35.090 --> 00:00:37.290 align:start position:0% is a baker 48 year old she's from Venezuela<00:00:35.600> the<00:00:35.750> country<00:00:35.989> where<00:00:36.140> I'm<00:00:36.230> from<00:00:36.470> and 00:00:37.290 --> 00:00:37.300 align:start position:0% Venezuela the country where I'm from and 00:00:37.300 --> 00:00:40.959 align:start position:0% Venezuela the country where I'm from and she<00:00:38.300> in<00:00:38.960> order<00:00:39.230> to<00:00:39.379> get<00:00:39.559> her<00:00:39.890> money<00:00:40.129> out<00:00:40.340> and<00:00:40.730> in 00:00:40.959 --> 00:00:40.969 align:start position:0% she in order to get her money out and in 00:00:40.969 --> 00:00:44.069 align:start position:0% she in order to get her money out and in order<00:00:41.179> to<00:00:41.210> herself<00:00:42.050> escape<00:00:42.559> from<00:00:42.829> poverty 00:00:44.069 --> 00:00:44.079 align:start position:0% order to herself escape from poverty 00:00:44.079 --> 00:00:45.759 align:start position:0% order to herself escape from poverty scarcity 00:00:45.759 --> 00:00:45.769 align:start position:0% scarcity 00:00:45.769 --> 00:00:47.919 align:start position:0% scarcity she<00:00:46.160> needs<00:00:46.339> to<00:00:46.399> convert<00:00:46.670> her<00:00:46.850> savings<00:00:47.269> into<00:00:47.660> US 00:00:47.919 --> 00:00:47.929 align:start position:0% she needs to convert her savings into US 00:00:47.929 --> 00:00:50.169 align:start position:0% she needs to convert her savings into US dollars<00:00:48.260> which<00:00:48.469> she<00:00:48.649> did<00:00:48.859> by<00:00:49.070> using<00:00:49.910> the<00:00:49.999> black 00:00:50.169 --> 00:00:50.179 align:start position:0% dollars which she did by using the black 00:00:50.179 --> 00:00:52.509 align:start position:0% dollars which she did by using the black markets<00:00:50.769> well<00:00:51.769> back<00:00:51.920> when<00:00:52.070> it<00:00:52.190> was<00:00:52.219> illegal 00:00:52.509 --> 00:00:52.519 align:start position:0% markets well back when it was illegal 00:00:52.519 --> 00:00:56.529 align:start position:0% markets well back when it was illegal and<00:00:52.910> dangerous<00:00:53.269> and<00:00:54.699> after<00:00:55.699> that<00:00:55.850> she<00:00:55.910> need<00:00:56.359> to 00:00:56.529 --> 00:00:56.539 align:start position:0% and dangerous and after that she need to 00:00:56.539 --> 00:01:00.399 align:start position:0% and dangerous and after that she need to fold<00:00:57.289> the<00:00:57.469> bills<00:00:57.679> into<00:00:58.550> her<00:00:59.449> hair<00:00:59.749> so<00:01:00.350> she 00:01:00.399 --> 00:01:00.409 align:start position:0% fold the bills into her hair so she 00:01:00.409 --> 00:01:02.759 align:start position:0% fold the bills into her hair so she could<00:01:00.769> cross<00:01:01.100> the<00:01:01.249> border<00:01:01.489> safely<00:01:01.909> because 00:01:02.759 --> 00:01:02.769 align:start position:0% could cross the border safely because 00:01:02.769 --> 00:01:04.600 align:start position:0% could cross the border safely because the<00:01:03.769> border<00:01:03.980> between<00:01:04.100> Colombia<00:01:04.580> and 00:01:04.600 --> 00:01:04.610 align:start position:0% the border between Colombia and 00:01:04.610 --> 00:01:06.310 align:start position:0% the border between Colombia and Venezuela<00:01:04.850> is<00:01:05.300> very<00:01:05.540> dangerous<00:01:05.930> the<00:01:06.080> guards 00:01:06.310 --> 00:01:06.320 align:start position:0% Venezuela is very dangerous the guards 00:01:06.320 --> 00:01:08.440 align:start position:0% Venezuela is very dangerous the guards are<00:01:06.470> very<00:01:06.620> corrupt<00:01:06.920> and<00:01:07.310> they're<00:01:08.270> just 00:01:08.440 --> 00:01:08.450 align:start position:0% are very corrupt and they're just 00:01:08.450 --> 00:01:10.120 align:start position:0% are very corrupt and they're just looking<00:01:08.750> for<00:01:08.780> any<00:01:09.050> way<00:01:09.500> to<00:01:09.560> make<00:01:09.740> income 00:01:10.120 --> 00:01:10.130 align:start position:0% looking for any way to make income 00:01:10.130 --> 00:01:12.550 align:start position:0% looking for any way to make income because<00:01:10.369> the<00:01:10.490> guards<00:01:10.909> are<00:01:11.060> as<00:01:11.270> any<00:01:11.990> Venezuelan 00:01:12.550 --> 00:01:12.560 align:start position:0% because the guards are as any Venezuelan 00:01:12.560 --> 00:01:14.200 align:start position:0% because the guards are as any Venezuelan living<00:01:13.490> through<00:01:13.640> a<00:01:13.700> very<00:01:14.030> difficult 00:01:14.200 --> 00:01:14.210 align:start position:0% living through a very difficult 00:01:14.210 --> 00:01:17.069 align:start position:0% living through a very difficult situation<00:01:14.619> of<00:01:15.619> economic<00:01:16.130> collapse<00:01:16.399> and 00:01:17.069 --> 00:01:17.079 align:start position:0% situation of economic collapse and 00:01:17.079 --> 00:01:20.709 align:start position:0% situation of economic collapse and hyperinflation<00:01:18.079> as<00:01:18.680> you<00:01:19.070> may<00:01:19.220> know<00:01:19.479> so<00:01:20.479> are 00:01:20.709 --> 00:01:20.719 align:start position:0% hyperinflation as you may know so are 00:01:20.719 --> 00:01:22.450 align:start position:0% hyperinflation as you may know so are the<00:01:20.810> over<00:01:20.930> money<00:01:21.140> initiative<00:01:21.560> we<00:01:22.009> research 00:01:22.450 --> 00:01:22.460 align:start position:0% the over money initiative we research 00:01:22.460 --> 00:01:24.490 align:start position:0% the over money initiative we research how<00:01:22.700> people<00:01:22.969> use<00:01:23.119> money<00:01:23.390> in<00:01:23.630> closed<00:01:23.960> economies 00:01:24.490 --> 00:01:24.500 align:start position:0% how people use money in closed economies 00:01:24.500 --> 00:01:26.800 align:start position:0% how people use money in closed economies and<00:01:24.649> collapsing<00:01:25.159> monetary<00:01:25.549> systems<00:01:25.909> and<00:01:26.180> this 00:01:26.800 --> 00:01:26.810 align:start position:0% and collapsing monetary systems and this 00:01:26.810 --> 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we borrow<00:01:35.810> this<00:01:35.960> approach<00:01:36.680> from<00:01:36.920> I<00:01:37.219> do<00:01:37.369> as<00:01:38.000> one<00:01:38.570> of 00:01:38.620 --> 00:01:38.630 align:start position:0% borrow this approach from I do as one of 00:01:38.630 --> 00:01:41.319 align:start position:0% borrow this approach from I do as one of our<00:01:38.719> partners<00:01:38.899> and<00:01:39.110> collaborators<00:01:40.000> we<00:01:41.000> try<00:01:41.270> to 00:01:41.319 --> 00:01:41.329 align:start position:0% our partners and collaborators we try to 00:01:41.329 --> 00:01:43.240 align:start position:0% our partners and collaborators we try to go<00:01:41.899> to<00:01:41.930> the<00:01:42.110> places<00:01:42.320> where<00:01:42.500> these<00:01:42.799> people<00:01:42.950> live 00:01:43.240 --> 00:01:43.250 align:start position:0% go to the places where these people live 00:01:43.250 --> 00:01:45.700 align:start position:0% go to the places where these people live we<00:01:43.460> have<00:01:43.490> served<00:01:43.820> them<00:01:44.060> we<00:01:44.719> set<00:01:45.049> up<00:01:45.079> different 00:01:45.700 --> 00:01:45.710 align:start position:0% we have served them we set up different 00:01:45.710 --> 00:01:47.260 align:start position:0% we have served them we set up different research<00:01:46.009> methodology<00:01:46.850> to<00:01:46.969> collect 00:01:47.260 --> 00:01:47.270 align:start position:0% research methodology to collect 00:01:47.270 --> 00:01:49.240 align:start position:0% research methodology to collect qualitative<00:01:47.990> data<00:01:48.259> that<00:01:48.439> tells<00:01:48.799> us<00:01:49.009> a<00:01:49.039> lot 00:01:49.240 --> 00:01:49.250 align:start position:0% qualitative data that tells us a lot 00:01:49.250 --> 00:01:51.940 align:start position:0% qualitative data that tells us a lot about<00:01:49.310> why<00:01:50.270> people<00:01:50.600> do<00:01:50.810> what<00:01:50.840> they<00:01:51.320> do<00:01:51.500> how 00:01:51.940 --> 00:01:51.950 align:start position:0% about why people do what they do how 00:01:51.950 --> 00:01:55.990 align:start position:0% about why people do what they do how people<00:01:52.280> do<00:01:52.509> what<00:01:53.509> they<00:01:53.630> do<00:01:53.689> and<00:01:54.579> we<00:01:55.579> go<00:01:55.759> beyond 00:01:55.990 --> 00:01:56.000 align:start position:0% people do what they do and we go beyond 00:01:56.000 --> 00:01:58.959 align:start position:0% people do what they do and we go beyond the<00:01:56.119> statistics<00:01:56.689> of<00:01:56.930> this<00:01:57.649> million<00:01:58.640> percent 00:01:58.959 --> 00:01:58.969 align:start position:0% the statistics of this million percent 00:01:58.969 --> 00:02:00.760 align:start position:0% the statistics of this million percent inflation<00:01:59.090> or<00:01:59.570> whatever<00:01:59.810> and<00:02:00.109> really<00:02:00.469> look<00:02:00.680> at 00:02:00.760 --> 00:02:00.770 align:start position:0% inflation or whatever and really look at 00:02:00.770 --> 00:02:01.959 align:start position:0% inflation or whatever and really look at the<00:02:00.829> human<00:02:01.100> experience<00:02:01.340> of<00:02:01.490> what<00:02:01.670> that<00:02:01.789> is 00:02:01.959 --> 00:02:01.969 align:start position:0% the human experience of what that is 00:02:01.969 --> 00:02:04.749 align:start position:0% the human experience of what that is like<00:02:02.140> and<00:02:03.140> so<00:02:03.500> you<00:02:04.070> can<00:02:04.189> think<00:02:04.310> of<00:02:04.460> it<00:02:04.609> as<00:02:04.729> a 00:02:04.749 --> 00:02:04.759 align:start position:0% like and so you can think of it as a 00:02:04.759 --> 00:02:07.840 align:start position:0% like and so you can think of it as a process<00:02:05.000> of<00:02:05.390> search<00:02:05.750> more<00:02:06.289> than<00:02:06.350> research<00:02:07.159> we 00:02:07.840 --> 00:02:07.850 align:start position:0% process of search more than research we 00:02:07.850 --> 00:02:10.419 align:start position:0% process of search more than research we are<00:02:07.880> searching<00:02:08.270> for<00:02:08.750> inspiration<00:02:09.590> for 00:02:10.419 --> 00:02:10.429 align:start position:0% are searching for inspiration for 00:02:10.429 --> 00:02:13.330 align:start position:0% are searching for inspiration for products<00:02:10.970> that<00:02:11.150> could<00:02:11.840> help<00:02:12.050> these<00:02:12.170> people<00:02:12.380> be 00:02:13.330 --> 00:02:13.340 align:start position:0% products that could help these people be 00:02:13.340 --> 00:02:16.699 align:start position:0% products that could help these people be more<00:02:14.030> resilient<00:02:15.020> and 00:02:16.699 --> 00:02:16.709 align:start position:0% more resilient and 00:02:16.709 --> 00:02:21.289 align:start position:0% more resilient and and<00:02:16.950> better<00:02:17.400> prepared<00:02:17.819> for<00:02:18.319> calamity<00:02:19.609> so<00:02:20.609> our 00:02:21.289 --> 00:02:21.299 align:start position:0% and better prepared for calamity so our 00:02:21.299 --> 00:02:23.809 align:start position:0% and better prepared for calamity so our methods<00:02:21.689> vary<00:02:21.989> depending<00:02:22.650> on<00:02:22.980> what<00:02:23.459> our<00:02:23.609> goals 00:02:23.809 --> 00:02:23.819 align:start position:0% methods vary depending on what our goals 00:02:23.819 --> 00:02:26.059 align:start position:0% methods vary depending on what our goals are<00:02:24.000> this<00:02:24.629> this<00:02:25.170> year<00:02:25.469> and<00:02:25.650> this<00:02:25.709> for<00:02:25.920> this 00:02:26.059 --> 00:02:26.069 align:start position:0% are this this year and this for this 00:02:26.069 --> 00:02:28.160 align:start position:0% are this this year and this for this project<00:02:26.250> we<00:02:26.640> did<00:02:27.329> ethnographic<00:02:27.870> interviews 00:02:28.160 --> 00:02:28.170 align:start position:0% project we did ethnographic interviews 00:02:28.170 --> 00:02:29.569 align:start position:0% project we did ethnographic interviews which<00:02:28.290> means<00:02:28.500> we<00:02:28.620> sit<00:02:28.799> down<00:02:28.920> with<00:02:29.040> people<00:02:29.159> we 00:02:29.569 --> 00:02:29.579 align:start position:0% which means we sit down with people we 00:02:29.579 --> 00:02:32.770 align:start position:0% which means we sit down with people we talk<00:02:29.760> with<00:02:29.939> them<00:02:30.090> for<00:02:31.010> about<00:02:32.010> two<00:02:32.159> hours<00:02:32.189> and 00:02:32.770 --> 00:02:32.780 align:start position:0% talk with them for about two hours and 00:02:32.780 --> 00:02:35.149 align:start position:0% talk with them for about two hours and we<00:02:33.780> try<00:02:33.900> to<00:02:33.930> get<00:02:34.260> them<00:02:34.349> to<00:02:34.379> open<00:02:34.500> up<00:02:34.769> and<00:02:34.980> money 00:02:35.149 --> 00:02:35.159 align:start position:0% we try to get them to open up and money 00:02:35.159 --> 00:02:37.309 align:start position:0% we try to get them to open up and money is<00:02:35.310> a<00:02:35.340> very<00:02:35.430> difficult<00:02:35.730> topic<00:02:36.209> and<00:02:36.840> subject<00:02:37.230> to 00:02:37.309 --> 00:02:37.319 align:start position:0% is a very difficult topic and subject to 00:02:37.319 --> 00:02:39.349 align:start position:0% is a very difficult topic and subject to get<00:02:37.950> people<00:02:38.159> to<00:02:38.219> open<00:02:38.400> up<00:02:38.519> about<00:02:38.639> so<00:02:39.239> we 00:02:39.349 --> 00:02:39.359 align:start position:0% get people to open up about so we 00:02:39.359 --> 00:02:41.629 align:start position:0% get people to open up about so we present<00:02:39.719> them<00:02:39.900> with<00:02:39.930> some<00:02:40.650> emotional<00:02:41.069> cards 00:02:41.629 --> 00:02:41.639 align:start position:0% present them with some emotional cards 00:02:41.639 --> 00:02:44.750 align:start position:0% present them with some emotional cards and<00:02:41.879> we<00:02:41.969> try<00:02:42.239> to<00:02:42.269> like<00:02:42.569> get<00:02:43.139> them<00:02:43.319> to<00:02:43.760> get 00:02:44.750 --> 00:02:44.760 align:start position:0% and we try to like get them to get 00:02:44.760 --> 00:02:47.479 align:start position:0% and we try to like get them to get acquainted<00:02:45.209> with<00:02:45.750> us<00:02:45.930> and<00:02:46.200> sow<00:02:46.829> some<00:02:47.129> rapport 00:02:47.479 --> 00:02:47.489 align:start position:0% acquainted with us and sow some rapport 00:02:47.489 --> 00:02:49.789 align:start position:0% acquainted with us and sow some rapport and<00:02:47.790> so<00:02:48.090> we<00:02:48.209> did<00:02:48.359> some<00:02:48.750> interviews<00:02:49.139> in<00:02:49.319> person 00:02:49.789 --> 00:02:49.799 align:start position:0% and so we did some interviews in person 00:02:49.799 --> 00:02:51.649 align:start position:0% and so we did some interviews in person in<00:02:50.010> Colombia<00:02:50.459> and<00:02:50.669> we<00:02:50.970> did<00:02:51.120> some<00:02:51.329> interviews 00:02:51.649 --> 00:02:51.659 align:start position:0% in Colombia and we did some interviews 00:02:51.659 --> 00:02:53.509 align:start position:0% in Colombia and we did some interviews remotely<00:02:52.439> because<00:02:52.560> we<00:02:52.739> unfortunately 00:02:53.509 --> 00:02:53.519 align:start position:0% remotely because we unfortunately 00:02:53.519 --> 00:02:55.159 align:start position:0% remotely because we unfortunately couldn't<00:02:53.669> enter<00:02:53.970> Venezuela<00:02:54.329> for<00:02:54.540> this<00:02:54.959> time 00:02:55.159 --> 00:02:55.169 align:start position:0% couldn't enter Venezuela for this time 00:02:55.169 --> 00:02:59.960 align:start position:0% couldn't enter Venezuela for this time around<00:02:55.849> long<00:02:56.849> story<00:02:57.590> and<00:02:58.590> we<00:02:59.400> also<00:02:59.549> did<00:02:59.760> a<00:02:59.790> dire 00:02:59.960 --> 00:02:59.970 align:start position:0% around long story and we also did a dire 00:02:59.970 --> 00:03:02.420 align:start position:0% around long story and we also did a dire studies<00:03:00.419> we<00:03:00.659> wanted<00:03:01.439> to<00:03:01.590> know<00:03:01.799> what<00:03:02.069> people's 00:03:02.420 --> 00:03:02.430 align:start position:0% studies we wanted to know what people's 00:03:02.430 --> 00:03:04.009 align:start position:0% studies we wanted to know what people's experience<00:03:02.849> was<00:03:02.969> like<00:03:03.150> day<00:03:03.450> to<00:03:03.510> day<00:03:03.750> and<00:03:03.900> we 00:03:04.009 --> 00:03:04.019 align:start position:0% experience was like day to day and we 00:03:04.019 --> 00:03:07.759 align:start position:0% experience was like day to day and we followed<00:03:04.650> people<00:03:05.090> during<00:03:06.090> week<00:03:06.419> and<00:03:06.769> these 00:03:07.759 --> 00:03:07.769 align:start position:0% followed people during week and these 00:03:07.769 --> 00:03:09.140 align:start position:0% followed people during week and these people<00:03:07.950> were<00:03:08.159> located<00:03:08.579> in<00:03:08.609> Venezuela 00:03:09.140 --> 00:03:09.150 align:start position:0% people were located in Venezuela 00:03:09.150 --> 00:03:10.789 align:start position:0% people were located in Venezuela thankfully<00:03:09.540> what's<00:03:09.750> up<00:03:09.900> works<00:03:10.139> and<00:03:10.469> and<00:03:10.680> it's 00:03:10.789 --> 00:03:10.799 align:start position:0% thankfully what's up works and and it's 00:03:10.799 --> 00:03:12.860 align:start position:0% thankfully what's up works and and it's possible<00:03:11.189> to<00:03:11.310> run<00:03:11.400> a<00:03:11.459> study<00:03:11.669> so<00:03:12.299> like<00:03:12.480> this<00:03:12.629> and 00:03:12.860 --> 00:03:12.870 align:start position:0% possible to run a study so like this and 00:03:12.870 --> 00:03:14.750 align:start position:0% possible to run a study so like this and we<00:03:13.469> did<00:03:13.620> what<00:03:13.829> do<00:03:13.919> we<00:03:14.010> call<00:03:14.159> displacement 00:03:14.750 --> 00:03:14.760 align:start position:0% we did what do we call displacement 00:03:14.760 --> 00:03:18.170 align:start position:0% we did what do we call displacement which<00:03:15.180> are<00:03:15.439> ways<00:03:16.439> that<00:03:16.469> we<00:03:16.950> we<00:03:17.790> could<00:03:17.969> tell 00:03:18.170 --> 00:03:18.180 align:start position:0% which are ways that we we could tell 00:03:18.180 --> 00:03:20.209 align:start position:0% which are ways that we we could tell people<00:03:18.569> hey<00:03:18.780> you<00:03:19.049> know<00:03:19.169> for<00:03:19.680> example<00:03:19.769> this<00:03:20.040> is 00:03:20.209 --> 00:03:20.219 align:start position:0% people hey you know for example this is 00:03:20.219 --> 00:03:23.210 align:start position:0% people hey you know for example this is there<00:03:20.579> here<00:03:20.760> some<00:03:20.940> Bitcoin<00:03:21.409> use<00:03:22.409> it<00:03:22.620> to<00:03:23.010> buy 00:03:23.210 --> 00:03:23.220 align:start position:0% there here some Bitcoin use it to buy 00:03:23.220 --> 00:03:25.699 align:start position:0% there here some Bitcoin use it to buy something<00:03:23.729> and<00:03:23.909> tell<00:03:24.329> us<00:03:24.419> what<00:03:24.540> you<00:03:24.659> did<00:03:24.810> and 00:03:25.699 --> 00:03:25.709 align:start position:0% something and tell us what you did and 00:03:25.709 --> 00:03:28.879 align:start position:0% something and tell us what you did and of<00:03:25.829> course<00:03:26.040> this<00:03:26.190> is<00:03:26.340> not<00:03:26.519> to<00:03:27.379> really<00:03:28.379> get<00:03:28.739> at 00:03:28.879 --> 00:03:28.889 align:start position:0% of course this is not to really get at 00:03:28.889 --> 00:03:31.129 align:start position:0% of course this is not to really get at the<00:03:29.370> waste<00:03:29.879> that<00:03:30.120> people<00:03:30.359> would<00:03:30.750> be<00:03:30.870> using 00:03:31.129 --> 00:03:31.139 align:start position:0% the waste that people would be using 00:03:31.139 --> 00:03:32.629 align:start position:0% the waste that people would be using Bitcoin<00:03:31.409> ordinarily<00:03:31.829> because<00:03:32.189> it's<00:03:32.340> a<00:03:32.400> very 00:03:32.629 --> 00:03:32.639 align:start position:0% Bitcoin ordinarily because it's a very 00:03:32.639 --> 00:03:35.270 align:start position:0% Bitcoin ordinarily because it's a very like<00:03:32.970> it's<00:03:33.359> a<00:03:33.449> very<00:03:33.659> rough<00:03:34.109> intervention<00:03:34.799> but 00:03:35.270 --> 00:03:35.280 align:start position:0% like it's a very rough intervention but 00:03:35.280 --> 00:03:37.939 align:start position:0% like it's a very rough intervention but it's<00:03:35.430> more<00:03:35.549> about<00:03:35.849> getting<00:03:36.659> to<00:03:36.959> know<00:03:37.109> what<00:03:37.769> is 00:03:37.939 --> 00:03:37.949 align:start position:0% it's more about getting to know what is 00:03:37.949 --> 00:03:40.460 align:start position:0% it's more about getting to know what is difficult<00:03:38.669> about<00:03:39.030> these<00:03:39.780> technologies<00:03:40.290> and 00:03:40.460 --> 00:03:40.470 align:start position:0% difficult about these technologies and 00:03:40.470 --> 00:03:43.280 align:start position:0% difficult about these technologies and and<00:03:40.889> how<00:03:41.359> do<00:03:42.359> we<00:03:42.389> overcome<00:03:42.569> that<00:03:43.019> and<00:03:43.169> get 00:03:43.280 --> 00:03:43.290 align:start position:0% and how do we overcome that and get 00:03:43.290 --> 00:03:47.960 align:start position:0% and how do we overcome that and get inspiration<00:03:43.769> for<00:03:43.889> that<00:03:44.750> and<00:03:45.750> so<00:03:46.699> the<00:03:47.699> process 00:03:47.960 --> 00:03:47.970 align:start position:0% inspiration for that and so the process 00:03:47.970 --> 00:03:49.909 align:start position:0% inspiration for that and so the process in<00:03:48.299> the<00:03:48.389> end<00:03:48.479> looks<00:03:48.659> a<00:03:48.750> lot<00:03:48.900> like<00:03:48.989> this<00:03:49.199> we<00:03:49.560> we 00:03:49.909 --> 00:03:49.919 align:start position:0% in the end looks a lot like this we we 00:03:49.919 --> 00:03:52.339 align:start position:0% in the end looks a lot like this we we have<00:03:50.069> a<00:03:50.099> lot<00:03:50.729> of<00:03:50.759> post-its<00:03:51.569> from<00:03:51.900> all<00:03:52.199> the 00:03:52.339 --> 00:03:52.349 align:start position:0% have a lot of post-its from all the 00:03:52.349 --> 00:03:53.780 align:start position:0% have a lot of post-its from all the different<00:03:52.620> interviews<00:03:52.919> we<00:03:53.069> try<00:03:53.220> to<00:03:53.280> sort<00:03:53.639> them 00:03:53.780 --> 00:03:53.790 align:start position:0% different interviews we try to sort them 00:03:53.790 --> 00:03:55.580 align:start position:0% different interviews we try to sort them organize<00:03:54.209> them<00:03:54.449> and<00:03:54.689> try<00:03:54.989> to<00:03:55.019> detect<00:03:55.439> patterns 00:03:55.580 --> 00:03:55.590 align:start position:0% organize them and try to detect patterns 00:03:55.590 --> 00:03:58.640 align:start position:0% organize them and try to detect patterns in<00:03:55.979> the<00:03:56.129> data<00:03:56.250> and<00:03:56.759> so<00:03:57.419> I'm<00:03:57.810> gonna<00:03:57.930> run<00:03:58.229> quickly 00:03:58.640 --> 00:03:58.650 align:start position:0% in the data and so I'm gonna run quickly 00:03:58.650 --> 00:04:00.379 align:start position:0% in the data and so I'm gonna run quickly because<00:03:59.489> this<00:03:59.609> presentation<00:03:59.939> is<00:04:00.090> supposed<00:04:00.329> to 00:04:00.379 --> 00:04:00.389 align:start position:0% because this presentation is supposed to 00:04:00.389 --> 00:04:01.909 align:start position:0% because this presentation is supposed to be<00:04:00.449> 45<00:04:00.780> minutes<00:04:00.840> but<00:04:01.169> I'm<00:04:01.259> gonna<00:04:01.379> try<00:04:01.709> to<00:04:01.739> run 00:04:01.909 --> 00:04:01.919 align:start position:0% be 45 minutes but I'm gonna try to run 00:04:01.919 --> 00:04:04.009 align:start position:0% be 45 minutes but I'm gonna try to run quickly<00:04:02.159> through<00:04:02.280> the<00:04:02.970> main<00:04:03.120> themes<00:04:03.449> where<00:04:03.870> we 00:04:04.009 --> 00:04:04.019 align:start position:0% quickly through the main themes where we 00:04:04.019 --> 00:04:07.759 align:start position:0% quickly through the main themes where we organized<00:04:04.560> our<00:04:05.750> research<00:04:06.750> insights<00:04:07.169> on<00:04:07.319> so 00:04:07.759 --> 00:04:07.769 align:start position:0% organized our research insights on so 00:04:07.769 --> 00:04:11.839 align:start position:0% organized our research insights on so first<00:04:08.280> it's<00:04:09.030> about<00:04:09.120> confidence<00:04:10.430> in<00:04:11.430> Venezuela 00:04:11.839 --> 00:04:11.849 align:start position:0% first it's about confidence in Venezuela 00:04:11.849 --> 00:04:13.280 align:start position:0% first it's about confidence in Venezuela and<00:04:11.939> networks<00:04:12.180> of<00:04:12.269> people<00:04:12.389> have<00:04:12.689> replaced<00:04:13.109> the 00:04:13.280 --> 00:04:13.290 align:start position:0% and networks of people have replaced the 00:04:13.290 --> 00:04:14.710 align:start position:0% and networks of people have replaced the roles<00:04:13.530> of<00:04:13.739> companies<00:04:14.220> and<00:04:14.430> institutions 00:04:14.710 --> 00:04:14.720 align:start position:0% roles of companies and institutions 00:04:14.720 --> 00:04:18.529 align:start position:0% roles of companies and institutions which<00:04:15.720> means<00:04:16.159> the<00:04:17.159> state<00:04:17.459> and<00:04:17.699> the<00:04:18.060> companies 00:04:18.529 --> 00:04:18.539 align:start position:0% which means the state and the companies 00:04:18.539 --> 00:04:22.159 align:start position:0% which means the state and the companies are<00:04:18.930> no<00:04:19.229> longer<00:04:19.259> operating<00:04:20.090> or<00:04:21.090> they<00:04:22.019> are 00:04:22.159 --> 00:04:22.169 align:start position:0% are no longer operating or they are 00:04:22.169 --> 00:04:23.689 align:start position:0% are no longer operating or they are diminished<00:04:22.740> in<00:04:22.889> their<00:04:23.039> way<00:04:23.340> that<00:04:23.520> they<00:04:23.580> are 00:04:23.689 --> 00:04:23.699 align:start position:0% diminished in their way that they are 00:04:23.699 --> 00:04:27.050 align:start position:0% diminished in their way that they are cooperating<00:04:23.940> so<00:04:24.620> what<00:04:25.620> is<00:04:25.860> the<00:04:26.400> fallback<00:04:26.669> in 00:04:27.050 --> 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Internet<00:04:32.800> and<00:04:32.950> go<00:04:33.400> to<00:04:33.460> websites<00:04:34.090> that 00:04:34.260 --> 00:04:34.270 align:start position:0% the Internet and go to websites that 00:04:34.270 --> 00:04:37.200 align:start position:0% the Internet and go to websites that that<00:04:34.720> replace<00:04:35.200> the<00:04:35.500> need<00:04:35.770> or<00:04:36.040> replace<00:04:37.000> that 00:04:37.200 --> 00:04:37.210 align:start position:0% that replace the need or replace that 00:04:37.210 --> 00:04:39.690 align:start position:0% that replace the need or replace that the<00:04:37.360> use<00:04:37.630> that<00:04:38.020> you<00:04:38.110> have<00:04:38.260> for<00:04:38.700> traditional 00:04:39.690 --> 00:04:39.700 align:start position:0% the use that you have for traditional 00:04:39.700 --> 00:04:41.670 align:start position:0% the use that you have for traditional institutions<00:04:40.270> so<00:04:40.930> for<00:04:41.080> example<00:04:41.410> instead<00:04:41.500> of 00:04:41.670 --> 00:04:41.680 align:start position:0% institutions so for example instead of 00:04:41.680 --> 00:04:44.040 align:start position:0% institutions so for example instead of exchanging<00:04:42.280> money<00:04:42.370> by<00:04:42.669> going<00:04:42.820> to<00:04:43.060> a<00:04:43.090> bank<00:04:43.389> the 00:04:44.040 --> 00:04:44.050 align:start position:0% exchanging money by going to a bank the 00:04:44.050 --> 00:04:46.050 align:start position:0% exchanging money by going to a bank the way<00:04:44.169> you<00:04:44.230> do<00:04:44.410> it<00:04:44.620> is<00:04:44.770> you<00:04:44.800> go<00:04:45.220> through<00:04:45.250> Facebook 00:04:46.050 --> 00:04:46.060 align:start position:0% way you do it is you go through Facebook 00:04:46.060 --> 00:04:48.270 align:start position:0% way you do it is you go through Facebook or<00:04:46.180> Instagram<00:04:46.330> and<00:04:46.840> search<00:04:47.260> for<00:04:47.650> places<00:04:47.919> that 00:04:48.270 --> 00:04:48.280 align:start position:0% or Instagram and search for places that 00:04:48.280 --> 00:04:49.970 align:start position:0% or Instagram and search for places that offer<00:04:48.580> these<00:04:48.910> informal<00:04:49.389> service<00:04:49.720> of 00:04:49.970 --> 00:04:49.980 align:start position:0% offer these informal service of 00:04:49.980 --> 00:04:53.000 align:start position:0% offer these informal service of remaining<00:04:50.980> and<00:04:51.340> transferring<00:04:51.760> money<00:04:51.880> abroad 00:04:53.000 --> 00:04:53.010 align:start position:0% remaining and transferring money abroad 00:04:53.010 --> 00:04:57.030 align:start position:0% remaining and transferring money abroad and<00:04:54.330> then<00:04:55.330> yeah<00:04:55.600> like<00:04:55.870> this<00:04:56.050> here<00:04:56.740> we<00:04:56.830> see<00:04:56.889> an 00:04:57.030 --> 00:04:57.040 align:start position:0% and then yeah like this here we see an 00:04:57.040 --> 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them to their<00:05:03.940> his<00:05:04.510> entire<00:05:04.780> network<00:05:05.020> because<00:05:05.830> he 00:05:05.970 --> 00:05:05.980 align:start position:0% their his entire network because he 00:05:05.980 --> 00:05:07.950 align:start position:0% their his entire network because he works<00:05:06.400> as<00:05:06.550> a<00:05:06.610> money<00:05:06.760> changer<00:05:06.820> and<00:05:07.390> one<00:05:07.750> of<00:05:07.840> the 00:05:07.950 --> 00:05:07.960 align:start position:0% works as a money changer and one of the 00:05:07.960 --> 00:05:09.300 align:start position:0% works as a money changer and one of the few<00:05:08.200> ways<00:05:08.380> that<00:05:08.410> you<00:05:08.560> can<00:05:08.740> earn<00:05:08.830> money<00:05:09.040> in 00:05:09.300 --> 00:05:09.310 align:start position:0% few ways that you can earn money in 00:05:09.310 --> 00:05:10.940 align:start position:0% few ways that you can earn money in foreign<00:05:09.580> currency<00:05:09.880> in<00:05:09.940> Venezuela<00:05:10.180> is<00:05:10.540> by 00:05:10.940 --> 00:05:10.950 align:start position:0% foreign currency in Venezuela is by 00:05:10.950 --> 00:05:13.860 align:start position:0% foreign currency in Venezuela is by doing<00:05:11.950> a<00:05:12.280> currency<00:05:12.820> exchange<00:05:12.850> so<00:05:13.540> his<00:05:13.660> sister 00:05:13.860 --> 00:05:13.870 align:start position:0% doing a currency exchange so his sister 00:05:13.870 --> 00:05:15.510 align:start position:0% doing a currency exchange so his sister in<00:05:14.140> this<00:05:14.230> case<00:05:14.470> lives<00:05:14.740> in<00:05:14.860> Venezuela<00:05:15.310> I<00:05:15.340> mean 00:05:15.510 --> 00:05:15.520 align:start position:0% in this case lives in Venezuela I mean 00:05:15.520 --> 00:05:17.400 align:start position:0% in this case lives in Venezuela I mean she<00:05:15.880> collaborated<00:05:16.390> with<00:05:16.450> him<00:05:16.660> so<00:05:17.110> they<00:05:17.260> can 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I'm 00:05:22.690 --> 00:05:23.610 align:start position:0% involve cryptocurrency in any way I'm gonna<00:05:22.810> be<00:05:22.960> talking<00:05:23.169> a<00:05:23.200> lot<00:05:23.290> about<00:05:23.350> how<00:05:23.590> people 00:05:23.610 --> 00:05:23.620 align:start position:0% gonna be talking a lot about how people 00:05:23.620 --> 00:05:25.590 align:start position:0% gonna be talking a lot about how people use<00:05:23.979> money<00:05:24.220> in<00:05:24.370> general<00:05:24.790> and<00:05:25.000> a<00:05:25.270> little<00:05:25.510> bit 00:05:25.590 --> 00:05:25.600 align:start position:0% use money in general and a little bit 00:05:25.600 --> 00:05:26.700 align:start position:0% use money in general and a little bit about<00:05:25.750> cryptocurrency<00:05:26.020> because<00:05:26.500> we<00:05:26.590> did 00:05:26.700 --> 00:05:26.710 align:start position:0% about cryptocurrency because we did 00:05:26.710 --> 00:05:29.070 align:start position:0% about cryptocurrency because we did encounter<00:05:26.950> some<00:05:27.160> some<00:05:27.640> use<00:05:27.760> of<00:05:27.910> that<00:05:28.000> and<00:05:28.270> then 00:05:29.070 --> 00:05:29.080 align:start position:0% encounter some some use of that and then 00:05:29.080 --> 00:05:30.960 align:start position:0% encounter some some use of that and then you<00:05:29.530> know<00:05:29.710> this<00:05:29.950> is<00:05:30.070> another<00:05:30.190> example<00:05:30.430> people 00:05:30.960 --> 00:05:30.970 align:start position:0% you know this is another example people 00:05:30.970 --> 00:05:33.450 align:start position:0% you know this is another example people use<00:05:31.330> these<00:05:31.570> like<00:05:31.780> the<00:05:32.590> feature<00:05:32.830> of<00:05:32.979> whatsapp 00:05:33.450 --> 00:05:33.460 align:start position:0% use these like the feature of whatsapp 00:05:33.460 --> 00:05:36.930 align:start position:0% use these like the feature of whatsapp that<00:05:33.639> is<00:05:33.760> like<00:05:33.970> in<00:05:34.120> circumcise<00:05:35.940> their 00:05:36.930 --> 00:05:36.940 align:start position:0% that is like in circumcise their 00:05:36.940 --> 00:05:38.840 align:start position:0% that is like in circumcise their services<00:05:37.330> and<00:05:37.570> sending<00:05:37.870> and<00:05:37.990> receiving<00:05:38.229> money 00:05:38.840 --> 00:05:38.850 align:start position:0% services and sending and receiving money 00:05:38.850 --> 00:05:42.300 align:start position:0% services and sending and receiving money because<00:05:39.850> the<00:05:40.540> thing<00:05:40.720> is<00:05:40.750> in<00:05:41.229> if<00:05:41.770> you<00:05:41.890> are<00:05:42.040> in<00:05:42.190> a 00:05:42.300 --> 00:05:42.310 align:start position:0% because the thing is in if you are in a 00:05:42.310 --> 00:05:46.100 align:start position:0% because the thing is in if you are in a normal<00:05:43.240> country<00:05:43.419> like<00:05:43.870> Japan<00:05:44.050> like<00:05:44.410> the<00:05:44.470> US<00:05:44.770> UK 00:05:46.100 --> 00:05:46.110 align:start position:0% normal country like Japan like the US UK 00:05:46.110 --> 00:05:49.230 align:start position:0% normal country like Japan like the US UK you<00:05:47.110> can<00:05:47.140> send<00:05:47.740> money<00:05:47.979> by<00:05:48.430> just<00:05:48.700> going<00:05:49.030> to<00:05:49.210> a 00:05:49.230 --> 00:05:49.240 align:start position:0% you can send money by just going to a 00:05:49.240 --> 00:05:51.029 align:start position:0% you can send money by just going to a bank<00:05:49.479> and<00:05:49.630> say<00:05:49.900> oh<00:05:50.080> I<00:05:50.140> want<00:05:50.260> to<00:05:50.380> wire<00:05:50.680> money<00:05:50.830> to 00:05:51.029 --> 00:05:51.039 align:start position:0% bank and say oh I want to wire money to 00:05:51.039 --> 00:05:52.620 align:start position:0% bank and say oh I want to wire money to this<00:05:51.160> bank<00:05:51.460> and<00:05:51.760> you<00:05:52.150> know<00:05:52.270> the<00:05:52.390> corresponding 00:05:52.620 --> 00:05:52.630 align:start position:0% this bank and you know the corresponding 00:05:52.630 --> 00:05:55.170 align:start position:0% this bank and you know the corresponding banking<00:05:53.050> system<00:05:53.350> is<00:05:53.470> complicated<00:05:54.070> clunky<00:05:54.940> has 00:05:55.170 --> 00:05:55.180 align:start position:0% banking system is complicated clunky has 00:05:55.180 --> 00:05:57.510 align:start position:0% banking system is complicated clunky has a<00:05:55.210> little<00:05:55.479> fees<00:05:55.690> whatever<00:05:56.020> but<00:05:56.410> it<00:05:56.500> works<00:05:56.710> in 00:05:57.510 --> 00:05:57.520 align:start position:0% a little fees whatever but it works in 00:05:57.520 --> 00:06:00.480 align:start position:0% a little fees whatever but it works in Venezuela<00:05:58.330> the<00:05:59.320> this<00:05:59.740> system<00:06:00.190> doesn't<00:06:00.370> work 00:06:00.480 --> 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to find someone that has 00:06:13.840 --> 00:06:16.020 align:start position:0% abroad you have to find someone that has a<00:06:14.320> bank<00:06:14.830> accounting<00:06:15.190> the<00:06:15.280> other<00:06:15.430> country<00:06:15.880> and 00:06:16.020 --> 00:06:16.030 align:start position:0% a bank accounting the other country and 00:06:16.030 --> 00:06:18.210 align:start position:0% a bank accounting the other country and you<00:06:16.120> need<00:06:16.210> to<00:06:16.330> send<00:06:16.600> him<00:06:16.840> money<00:06:17.050> first<00:06:17.979> and 00:06:18.210 --> 00:06:18.220 align:start position:0% you need to send him money first and 00:06:18.220 --> 00:06:19.740 align:start position:0% you need to send him money first and then<00:06:18.490> receive<00:06:19.000> the<00:06:19.030> money<00:06:19.270> on<00:06:19.390> the<00:06:19.450> other<00:06:19.570> side 00:06:19.740 --> 00:06:19.750 align:start position:0% then receive the money on the other side 00:06:19.750 --> 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to<00:06:32.470> a<00:06:32.890> foundation<00:06:33.220> in<00:06:34.060> Venezuela<00:06:34.479> and 00:06:34.740 --> 00:06:34.750 align:start position:0% money to a foundation in Venezuela and 00:06:34.750 --> 00:06:37.170 align:start position:0% money to a foundation in Venezuela and I'm<00:06:35.080> in<00:06:35.590> Colombia<00:06:35.950> and<00:06:36.010> cinnamon<00:06:36.430> in<00:06:36.640> this 00:06:37.170 --> 00:06:37.180 align:start position:0% I'm in Colombia and cinnamon in this 00:06:37.180 --> 00:06:39.420 align:start position:0% I'm in Colombia and cinnamon in this booth<00:06:37.419> this<00:06:38.020> guy's<00:06:38.289> telling<00:06:38.650> me<00:06:38.830> here<00:06:39.039> you 00:06:39.420 --> 00:06:39.430 align:start position:0% booth this guy's telling me here you 00:06:39.430 --> 00:06:41.460 align:start position:0% booth this guy's telling me here you have<00:06:39.550> to<00:06:39.640> watch<00:06:39.820> this<00:06:40.300> number<00:06:40.690> and<00:06:40.870> it 00:06:41.460 --> 00:06:41.470 align:start position:0% have to watch this number and it 00:06:41.470 --> 00:06:42.450 align:start position:0% have to watch this number and it we'll<00:06:41.590> let<00:06:41.680> you<00:06:41.740> know<00:06:41.980> when<00:06:42.100> the<00:06:42.160> transaction 00:06:42.450 --> 00:06:42.460 align:start position:0% we'll let you know when the transaction 00:06:42.460 --> 00:06:45.750 align:start position:0% we'll let you know when the transaction is<00:06:42.760> clear<00:06:43.060> and<00:06:43.590> everything's<00:06:44.590> like<00:06:44.740> it's<00:06:45.220> like 00:06:45.750 --> 00:06:45.760 align:start position:0% is clear and everything's like it's like 00:06:45.760 --> 00:06:48.000 align:start position:0% is clear and everything's like it's like doing<00:06:46.270> drug<00:06:46.930> deals<00:06:47.110> it's<00:06:47.290> like<00:06:47.380> doing<00:06:47.710> doing 00:06:48.000 --> 00:06:48.010 align:start position:0% doing drug deals it's like doing doing 00:06:48.010 --> 00:06:51.930 align:start position:0% doing drug deals it's like doing doing you<00:06:48.190> know<00:06:48.280> very<00:06:49.680> Shady<00:06:50.680> it<00:06:50.950> feels<00:06:51.490> you<00:06:51.820> know 00:06:51.930 --> 00:06:51.940 align:start position:0% you know very Shady it feels you know 00:06:51.940 --> 00:06:53.760 align:start position:0% you know very Shady it feels you know that<00:06:52.510> you<00:06:52.780> have<00:06:52.900> to<00:06:53.020> trust<00:06:53.320> somebody<00:06:53.530> and 00:06:53.760 --> 00:06:53.770 align:start position:0% that you have to trust somebody and 00:06:53.770 --> 00:06:58.110 align:start position:0% that you have to trust somebody and there's<00:06:54.280> a<00:06:54.340> lot<00:06:54.520> of<00:06:54.610> scams<00:06:56.730> something<00:06:57.730> that<00:06:58.000> we 00:06:58.110 --> 00:06:58.120 align:start position:0% there's a lot of scams something that we 00:06:58.120 --> 00:06:59.610 align:start position:0% there's a lot of scams something that we found<00:06:58.330> that<00:06:58.450> was<00:06:58.570> kind<00:06:59.020> of<00:06:59.050> unexpected<00:06:59.140> at 00:06:59.610 --> 00:06:59.620 align:start position:0% found that was kind of unexpected at 00:06:59.620 --> 00:07:01.230 align:start position:0% found that was kind of unexpected at least<00:06:59.770> for<00:06:59.890> me<00:07:00.010> was<00:07:00.190> that<00:07:00.370> despite<00:07:00.580> scarcity 00:07:01.230 --> 00:07:01.240 align:start position:0% least for me was that despite scarcity 00:07:01.240 --> 00:07:02.670 align:start position:0% least for me was that despite scarcity and<00:07:01.330> economic<00:07:01.690> collapse<00:07:01.960> some<00:07:02.350> people<00:07:02.590> are 00:07:02.670 --> 00:07:02.680 align:start position:0% and economic collapse some people are 00:07:02.680 --> 00:07:03.330 align:start position:0% and economic collapse some people are thriving 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suffering but in<00:07:09.820> fact<00:07:10.230> hyperinflation<00:07:11.230> has<00:07:11.560> made<00:07:11.740> some 00:07:12.060 --> 00:07:12.070 align:start position:0% in fact hyperinflation has made some 00:07:12.070 --> 00:07:13.350 align:start position:0% in fact hyperinflation has made some millionaires<00:07:12.490> because<00:07:12.850> if<00:07:13.060> you<00:07:13.180> are 00:07:13.350 --> 00:07:13.360 align:start position:0% millionaires because if you are 00:07:13.360 --> 00:07:15.840 align:start position:0% millionaires because if you are well-connected<00:07:13.780> like<00:07:14.440> this<00:07:15.100> guy<00:07:15.280> we<00:07:15.460> talked 00:07:15.840 --> 00:07:15.850 align:start position:0% well-connected like this guy we talked 00:07:15.850 --> 00:07:19.170 align:start position:0% well-connected like this guy we talked to<00:07:15.940> the<00:07:16.030> airman<00:07:16.800> he<00:07:17.800> was<00:07:18.430> able<00:07:18.520> to<00:07:18.670> get<00:07:18.820> a<00:07:18.880> loan 00:07:19.170 --> 00:07:19.180 align:start position:0% to the airman he was able to get a loan 00:07:19.180 --> 00:07:21.360 align:start position:0% to the airman he was able to get a loan issued<00:07:19.690> in<00:07:19.810> bolivars<00:07:20.230> and<00:07:20.590> he<00:07:21.100> bought<00:07:21.280> an 00:07:21.360 --> 00:07:21.370 align:start position:0% issued in bolivars and he bought an 00:07:21.370 --> 00:07:23.070 align:start position:0% issued in bolivars and he bought an apartment<00:07:21.460> in<00:07:22.210> New<00:07:22.390> York<00:07:22.570> City<00:07:22.750> with<00:07:22.930> that 00:07:23.070 --> 00:07:23.080 align:start position:0% apartment in New York City with that 00:07:23.080 --> 00:07:25.440 align:start position:0% apartment in New York City with that loan<00:07:23.290> and<00:07:23.500> then<00:07:23.890> since<00:07:24.790> the<00:07:24.910> bone<00:07:25.150> was<00:07:25.360> in 00:07:25.440 --> 00:07:25.450 align:start position:0% loan and then since the bone was in 00:07:25.450 --> 00:07:27.030 align:start position:0% loan and then since the bone was in bolivars<00:07:25.720> he<00:07:25.870> was<00:07:26.050> able<00:07:26.200> to<00:07:26.230> repay<00:07:26.620> it<00:07:26.800> the 00:07:27.030 --> 00:07:27.040 align:start position:0% bolivars he was able to repay it the 00:07:27.040 --> 00:07:29.610 align:start position:0% bolivars he was able to repay it the next<00:07:27.250> year<00:07:27.340> I<00:07:27.730> only<00:07:28.570> if<00:07:29.140> there<00:07:29.290> was<00:07:29.380> a<00:07:29.410> million 00:07:29.610 --> 00:07:29.620 align:start position:0% next year I only if there was a million 00:07:29.620 --> 00:07:31.590 align:start position:0% next year I only if there was a million dollar<00:07:29.770> loan<00:07:29.980> and<00:07:30.190> he<00:07:30.250> paid<00:07:30.430> it<00:07:30.580> with<00:07:30.610> $20,000 00:07:31.590 --> 00:07:31.600 align:start position:0% dollar loan and he paid it with $20,000 00:07:31.600 --> 00:07:33.180 align:start position:0% dollar loan and he paid it with $20,000 because<00:07:31.780> the<00:07:32.200> the<00:07:32.500> value<00:07:32.740> of<00:07:32.770> the<00:07:32.830> loan<00:07:32.980> just 00:07:33.180 --> 00:07:33.190 align:start position:0% because the the value of the loan just 00:07:33.190 --> 00:07:35.010 align:start position:0% because the the value of the loan just collapsed<00:07:33.640> right<00:07:33.820> so<00:07:34.270> there's<00:07:34.600> people<00:07:34.900> that 00:07:35.010 --> 00:07:35.020 align:start position:0% collapsed right so there's people that 00:07:35.020 --> 00:07:37.800 align:start position:0% collapsed right so there's people that can<00:07:35.230> gain<00:07:35.500> this<00:07:35.680> system<00:07:36.040> and<00:07:36.220> and<00:07:36.490> can<00:07:36.810> get 00:07:37.800 --> 00:07:37.810 align:start position:0% can gain this system and and can get 00:07:37.810 --> 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actually elevates<00:07:46.950> levels<00:07:47.950> of<00:07:48.040> inequality<00:07:48.190> rather 00:07:48.870 --> 00:07:48.880 align:start position:0% elevates levels of inequality rather 00:07:48.880 --> 00:07:52.580 align:start position:0% elevates levels of inequality rather than<00:07:49.830> making<00:07:50.830> things<00:07:51.160> more<00:07:51.280> equal<00:07:51.640> just 00:07:52.580 --> 00:07:52.590 align:start position:0% than making things more equal just 00:07:52.590 --> 00:07:54.990 align:start position:0% than making things more equal just really<00:07:53.590> terrible<00:07:54.010> and<00:07:54.190> we<00:07:54.550> also<00:07:54.669> see<00:07:54.970> people 00:07:54.990 --> 00:07:55.000 align:start position:0% really terrible and we also see people 00:07:55.000 --> 00:07:56.930 align:start position:0% really terrible and we also see people trying<00:07:55.510> to<00:07:55.600> take<00:07:55.660> advantage<00:07:55.780> of<00:07:56.169> others<00:07:56.470> by 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way<00:08:22.750> that<00:08:22.780> they<00:08:23.140> are<00:08:23.200> operating<00:08:23.650> they 00:08:24.150 --> 00:08:24.160 align:start position:0% the the way that they are operating they 00:08:24.160 --> 00:08:28.680 align:start position:0% the the way that they are operating they it's<00:08:24.880> probably<00:08:25.240> not<00:08:25.390> sustainable<00:08:25.900> and<00:08:26.200> so<00:08:27.690> the 00:08:28.680 --> 00:08:28.690 align:start position:0% it's probably not sustainable and so the 00:08:28.690 --> 00:08:30.840 align:start position:0% it's probably not sustainable and so the the<00:08:29.560> most<00:08:29.740> vulnerable<00:08:29.950> if<00:08:30.550> you<00:08:30.729> were 00:08:30.840 --> 00:08:30.850 align:start position:0% the most vulnerable if you were 00:08:30.850 --> 00:08:33.690 align:start position:0% the most vulnerable if you were interviewed<00:08:31.210> this<00:08:31.390> six-year-old<00:08:31.810> lady<00:08:32.710> who 00:08:33.690 --> 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position:0% that don't know or that are not very 00:08:41.800 --> 00:08:43.980 align:start position:0% that don't know or that are not very financial<00:08:42.580> literate<00:08:42.909> are<00:08:43.450> falling<00:08:43.719> for<00:08:43.870> these 00:08:43.980 --> 00:08:43.990 align:start position:0% financial literate are falling for these 00:08:43.990 --> 00:08:46.079 align:start position:0% financial literate are falling for these things<00:08:44.200> so<00:08:44.320> this<00:08:44.860> this<00:08:45.580> happens<00:08:45.940> in<00:08:46.030> a 00:08:46.079 --> 00:08:46.089 align:start position:0% things so this this happens in a 00:08:46.089 --> 00:08:49.680 align:start position:0% things so this this happens in a situation<00:08:46.720> of<00:08:47.700> uncertainty<00:08:48.700> and 00:08:49.680 --> 00:08:49.690 align:start position:0% situation of uncertainty and 00:08:49.690 --> 00:08:53.160 align:start position:0% situation of uncertainty and and<00:08:49.810> economic<00:08:50.590> collapse<00:08:50.970> when<00:08:51.970> people's<00:08:52.540> ways 00:08:53.160 --> 00:08:53.170 align:start position:0% and economic collapse when people's ways 00:08:53.170 --> 00:08:57.030 align:start position:0% and economic collapse when people's ways to<00:08:53.380> earn<00:08:53.500> money<00:08:53.590> are<00:08:54.040> diminished<00:08:55.740> we<00:08:56.740> go<00:08:56.920> to<00:08:56.980> a 00:08:57.030 --> 00:08:57.040 align:start position:0% to earn money are diminished we go to a 00:08:57.040 --> 00:08:57.720 align:start position:0% to earn money are diminished we go to a resilient 00:08:57.720 --> 00:08:57.730 align:start position:0% resilient 00:08:57.730 --> 00:09:00.210 align:start position:0% resilient so<00:08:58.390> when<00:08:59.200> Italians<00:08:59.560> have<00:08:59.680> to<00:08:59.770> endure<00:09:00.010> constant 00:09:00.210 --> 00:09:00.220 align:start position:0% so when Italians have to endure constant 00:09:00.220 --> 00:09:01.740 align:start position:0% so when Italians have to endure constant swings<00:09:00.640> between<00:09:00.850> modern<00:09:01.390> and<00:09:01.570> primitive 00:09:01.740 --> 00:09:01.750 align:start position:0% swings between modern and primitive 00:09:01.750 --> 00:09:04.860 align:start position:0% swings between modern and primitive existences<00:09:02.440> sometimes<00:09:03.370> you<00:09:03.820> are<00:09:04.000> having<00:09:04.630> a 00:09:04.860 --> 00:09:04.870 align:start position:0% existences sometimes you are having a 00:09:04.870 --> 00:09:07.740 align:start position:0% existences sometimes you are having a perfectly<00:09:05.380> normal<00:09:06.150> afternoon<00:09:07.150> or<00:09:07.540> or<00:09:07.720> a 00:09:07.740 --> 00:09:07.750 align:start position:0% perfectly normal afternoon or or a 00:09:07.750 --> 00:09:09.780 align:start position:0% perfectly normal afternoon or or a normal<00:09:08.320> day<00:09:08.560> you<00:09:08.740> go<00:09:08.860> to<00:09:08.920> work<00:09:09.130> you<00:09:09.730> have 00:09:09.780 --> 00:09:09.790 align:start position:0% normal day you go to work you have 00:09:09.790 --> 00:09:12.720 align:start position:0% normal day you go to work you have electricity<00:09:10.410> internet<00:09:11.410> it<00:09:11.920> it<00:09:12.250> looks<00:09:12.520> like 00:09:12.720 --> 00:09:12.730 align:start position:0% electricity internet it it looks like 00:09:12.730 --> 00:09:15.150 align:start position:0% electricity internet it it looks like the<00:09:13.540> same<00:09:13.690> things<00:09:13.900> are<00:09:14.020> normal<00:09:14.290> but<00:09:14.710> then<00:09:14.890> it's 00:09:15.150 --> 00:09:15.160 align:start position:0% the same things are normal but then it's 00:09:15.160 --> 00:09:16.560 align:start position:0% the same things are normal but then it's like<00:09:15.370> the<00:09:15.520> typhoon<00:09:15.850> that's<00:09:16.000> gonna<00:09:16.150> hit<00:09:16.360> that 00:09:16.560 --> 00:09:16.570 align:start position:0% like the typhoon that's gonna hit that 00:09:16.570 --> 00:09:18.660 align:start position:0% like the typhoon that's gonna hit that hopefully<00:09:17.050> will<00:09:17.230> not<00:09:17.290> hit<00:09:17.550> you<00:09:18.550> know 00:09:18.660 --> 00:09:18.670 align:start position:0% hopefully will not hit you know 00:09:18.670 --> 00:09:21.900 align:start position:0% hopefully will not hit you know everything<00:09:19.270> might<00:09:19.480> just<00:09:20.160> no<00:09:21.160> we<00:09:21.310> might<00:09:21.640> lose 00:09:21.900 --> 00:09:21.910 align:start position:0% everything might just no we might lose 00:09:21.910 --> 00:09:26.940 align:start position:0% everything might just no we might lose power<00:09:22.210> we<00:09:22.510> might<00:09:22.690> lose<00:09:23.730> internet<00:09:24.730> and<00:09:25.950> these 00:09:26.940 --> 00:09:26.950 align:start position:0% power we might lose internet and these 00:09:26.950 --> 00:09:28.830 align:start position:0% power we might lose internet and these things<00:09:27.310> happen<00:09:27.760> in<00:09:27.850> Venezuela<00:09:28.180> so<00:09:28.390> frequently 00:09:28.830 --> 00:09:28.840 align:start position:0% things happen in Venezuela so frequently 00:09:28.840 --> 00:09:31.070 align:start position:0% things happen in Venezuela so frequently that<00:09:29.020> it's<00:09:29.200> impossible<00:09:29.410> to<00:09:29.710> plan<00:09:30.100> in<00:09:30.400> advance 00:09:31.070 --> 00:09:31.080 align:start position:0% that it's impossible to plan in advance 00:09:31.080 --> 00:09:33.630 align:start position:0% that it's impossible to plan in advance sometimes<00:09:32.080> if<00:09:32.290> you<00:09:32.800> have<00:09:32.920> to<00:09:33.070> take<00:09:33.250> your<00:09:33.400> kid 00:09:33.630 --> 00:09:33.640 align:start position:0% sometimes if you have to take your kid 00:09:33.640 --> 00:09:36.300 align:start position:0% sometimes if you have to take your kid to<00:09:34.620> daycare<00:09:35.620> and<00:09:35.680> then<00:09:35.890> they<00:09:36.070> care<00:09:36.280> that 00:09:36.300 --> 00:09:36.310 align:start position:0% to daycare and then they care that 00:09:36.310 --> 00:09:37.890 align:start position:0% to daycare and then they care that doesn't<00:09:36.850> have<00:09:36.970> that<00:09:37.120> you<00:09:37.240> seem<00:09:37.390> like<00:09:37.570> they<00:09:37.690> can 00:09:37.890 --> 00:09:37.900 align:start position:0% doesn't have that you seem like they can 00:09:37.900 --> 00:09:39.450 align:start position:0% doesn't have that you seem like they can take<00:09:38.110> care<00:09:38.350> of<00:09:38.410> them<00:09:38.590> for<00:09:38.740> you<00:09:38.800> then<00:09:39.340> you<00:09:39.400> have 00:09:39.450 --> 00:09:39.460 align:start position:0% take care of them for you then you have 00:09:39.460 --> 00:09:40.920 align:start position:0% take care of them for you then you have to<00:09:39.580> stay<00:09:39.760> at<00:09:39.850> home<00:09:39.880> and<00:09:40.270> then<00:09:40.360> you<00:09:40.420> can<00:09:40.570> work<00:09:40.720> go 00:09:40.920 --> 00:09:40.930 align:start position:0% to stay at home and then you can work go 00:09:40.930 --> 00:09:42.600 align:start position:0% to stay at home and then you can work go to<00:09:40.960> work<00:09:41.140> so<00:09:41.410> these<00:09:41.530> things<00:09:41.830> pile<00:09:42.130> on<00:09:42.370> top<00:09:42.490> of 00:09:42.600 --> 00:09:42.610 align:start position:0% to work so these things pile on top of 00:09:42.610 --> 00:09:44.970 align:start position:0% to work so these things pile on top of each<00:09:42.730> other<00:09:42.880> make<00:09:43.510> like<00:09:43.660> a<00:09:43.690> domino<00:09:44.110> effect<00:09:44.170> so 00:09:44.970 --> 00:09:44.980 align:start position:0% each other make like a domino effect so 00:09:44.980 --> 00:09:47.490 align:start position:0% each other make like a domino effect so this<00:09:45.880> is<00:09:46.030> something<00:09:46.180> like<00:09:46.540> that's<00:09:47.230> very 00:09:47.490 --> 00:09:47.500 align:start position:0% this is something like that's very 00:09:47.500 --> 00:09:49.170 align:start position:0% this is something like that's very important<00:09:48.040> to<00:09:48.100> take<00:09:48.310> into<00:09:48.790> account<00:09:49.000> when 00:09:49.170 --> 00:09:49.180 align:start position:0% important to take into account when 00:09:49.180 --> 00:09:51.450 align:start position:0% important to take into account when you're<00:09:49.270> designing<00:09:49.720> for<00:09:50.170> a<00:09:50.890> product<00:09:51.220> or 00:09:51.450 --> 00:09:51.460 align:start position:0% you're designing for a product or 00:09:51.460 --> 00:09:53.130 align:start position:0% you're designing for a product or products<00:09:51.820> for<00:09:52.030> for<00:09:52.300> people<00:09:52.540> like<00:09:52.630> this<00:09:52.810> right 00:09:53.130 --> 00:09:53.140 align:start position:0% products for for people like this right 00:09:53.140 --> 00:09:54.570 align:start position:0% products for for people like this right and<00:09:53.350> of<00:09:53.920> course<00:09:53.980> it<00:09:54.190> makes<00:09:54.310> it<00:09:54.460> very 00:09:54.570 --> 00:09:54.580 align:start position:0% and of course it makes it very 00:09:54.580 --> 00:09:57.360 align:start position:0% and of course it makes it very challenging<00:09:55.800> income<00:09:56.800> from<00:09:56.890> the<00:09:57.040> informal 00:09:57.360 --> 00:09:57.370 align:start position:0% challenging income from the informal 00:09:57.370 --> 00:09:59.550 align:start position:0% challenging income from the informal economy<00:09:57.430> of<00:09:57.880> an<00:09:58.060> eclipses<00:09:58.600> space<00:09:58.840> to<00:09:59.080> salaries 00:09:59.550 --> 00:09:59.560 align:start position:0% economy of an eclipses space to salaries 00:09:59.560 --> 00:10:03.240 align:start position:0% economy of an eclipses space to salaries so<00:09:59.830> we<00:10:00.040> interviewed<00:10:00.490> this<00:10:01.800> career<00:10:02.800> woman<00:10:02.950> who 00:10:03.240 --> 00:10:03.250 align:start position:0% so we interviewed this career woman who 00:10:03.250 --> 00:10:05.760 align:start position:0% so we interviewed this career woman who is<00:10:03.430> a<00:10:04.180> professor<00:10:04.780> at<00:10:05.080> the<00:10:05.110> University<00:10:05.650> and<00:10:05.710> a 00:10:05.760 --> 00:10:05.770 align:start position:0% is a professor at the University and a 00:10:05.770 --> 00:10:07.590 align:start position:0% is a professor at the University and a professor<00:10:05.860> at<00:10:06.190> the<00:10:06.220> University<00:10:06.790> and<00:10:06.940> she 00:10:07.590 --> 00:10:07.600 align:start position:0% professor at the University and she 00:10:07.600 --> 00:10:11.130 align:start position:0% professor at the University and she spends<00:10:08.440> her<00:10:08.560> days<00:10:08.740> doing<00:10:09.370> tasks<00:10:10.030> that<00:10:10.180> are<00:10:10.330> way 00:10:11.130 --> 00:10:11.140 align:start position:0% spends her days doing tasks that are way 00:10:11.140 --> 00:10:14.520 align:start position:0% spends her days doing tasks that are way below<00:10:11.410> her<00:10:12.010> level<00:10:12.670> of<00:10:12.700> ability<00:10:12.910> because<00:10:13.840> she 00:10:14.520 --> 00:10:14.530 align:start position:0% below her level of ability because she 00:10:14.530 --> 00:10:16.950 align:start position:0% below her level of ability because she makes<00:10:14.740> more<00:10:14.950> money<00:10:15.100> doing<00:10:15.670> that<00:10:15.790> than<00:10:16.330> at<00:10:16.570> her 00:10:16.950 --> 00:10:16.960 align:start position:0% makes more money doing that than at her 00:10:16.960 --> 00:10:18.810 align:start position:0% makes more money doing that than at her job<00:10:17.230> as<00:10:17.740> a<00:10:17.770> university<00:10:18.280> professor<00:10:18.310> for 00:10:18.810 --> 00:10:18.820 align:start position:0% job as a university professor for 00:10:18.820 --> 00:10:21.120 align:start position:0% job as a university professor for example<00:10:19.150> and<00:10:19.360> this<00:10:19.870> is<00:10:19.990> not<00:10:20.140> the<00:10:20.350> only<00:10:20.470> the 00:10:21.120 --> 00:10:21.130 align:start position:0% example and this is not the only the 00:10:21.130 --> 00:10:23.340 align:start position:0% example and this is not the only the only<00:10:21.340> time<00:10:21.490> that<00:10:21.520> we<00:10:21.730> encounter<00:10:22.330> this<00:10:22.510> we<00:10:23.230> also 00:10:23.340 --> 00:10:23.350 align:start position:0% only time that we encounter this we also 00:10:23.350 --> 00:10:25.800 align:start position:0% only time that we encounter this we also talk<00:10:23.920> to<00:10:24.130> people<00:10:24.580> who<00:10:24.790> work<00:10:25.270> as<00:10:25.390> drivers 00:10:25.800 --> 00:10:25.810 align:start position:0% talk to people who work as drivers 00:10:25.810 --> 00:10:28.500 align:start position:0% talk to people who work as drivers doctors<00:10:26.620> who<00:10:26.770> yeah<00:10:27.400> also<00:10:27.670> those<00:10:28.000> taxi<00:10:28.270> drivers 00:10:28.500 --> 00:10:28.510 align:start position:0% doctors who yeah also those taxi drivers 00:10:28.510 --> 00:10:29.880 align:start position:0% doctors who yeah also those taxi drivers and<00:10:28.600> if<00:10:28.750> you<00:10:28.870> notice<00:10:29.230> it's<00:10:29.440> very<00:10:29.470> similar<00:10:29.770> to 00:10:29.880 --> 00:10:29.890 align:start position:0% and if you notice it's very similar to 00:10:29.890 --> 00:10:33.329 align:start position:0% and if you notice it's very similar to what<00:10:29.950> happened<00:10:30.310> in<00:10:30.460> Cuba<00:10:31.290> any<00:10:32.290> any<00:10:32.589> profession 00:10:33.329 --> 00:10:33.339 align:start position:0% what happened in Cuba any any profession 00:10:33.339 --> 00:10:35.400 align:start position:0% what happened in Cuba any any profession or<00:10:33.430> any<00:10:33.580> occupation<00:10:34.210> that<00:10:34.390> interfaces<00:10:35.260> with 00:10:35.400 --> 00:10:35.410 align:start position:0% or any occupation that interfaces with 00:10:35.410 --> 00:10:38.250 align:start position:0% or any occupation that interfaces with the<00:10:35.440> outside<00:10:35.770> world<00:10:36.120> that<00:10:37.120> is<00:10:37.810> able<00:10:37.930> to<00:10:38.050> earn 00:10:38.250 --> 00:10:38.260 align:start position:0% the outside world that is able to earn 00:10:38.260 --> 00:10:40.829 align:start position:0% the outside world that is able to earn hard<00:10:38.560> currency<00:10:38.950> is<00:10:39.100> then<00:10:39.760> you<00:10:40.210> know<00:10:40.330> valued 00:10:40.829 --> 00:10:40.839 align:start position:0% hard currency is then you know valued 00:10:40.839 --> 00:10:43.050 align:start position:0% hard currency is then you know valued more<00:10:41.230> and<00:10:41.500> look<00:10:41.920> because<00:10:42.130> you<00:10:42.250> can<00:10:42.700> earn<00:10:42.910> more 00:10:43.050 --> 00:10:43.060 align:start position:0% more and look because you can earn more 00:10:43.060 --> 00:10:45.450 align:start position:0% more and look because you can earn more money<00:10:43.120> in<00:10:43.420> it<00:10:43.510> and<00:10:43.720> then<00:10:44.200> you<00:10:44.560> do<00:10:44.800> your<00:10:45.010> job<00:10:45.280> as 00:10:45.450 --> 00:10:45.460 align:start position:0% money in it and then you do your job as 00:10:45.460 --> 00:10:46.829 align:start position:0% money in it and then you do your job as part<00:10:45.610> of<00:10:45.700> like<00:10:45.880> your<00:10:46.030> role<00:10:46.240> in<00:10:46.360> society<00:10:46.390> if 00:10:46.829 --> 00:10:46.839 align:start position:0% part of like your role in society if 00:10:46.839 --> 00:10:48.210 align:start position:0% part of like your role in society if you're<00:10:46.960> a<00:10:46.990> teacher<00:10:47.200> if<00:10:47.410> you're<00:10:47.470> a<00:10:47.560> doctor<00:10:47.920> but 00:10:48.210 --> 00:10:48.220 align:start position:0% you're a teacher if you're a doctor but 00:10:48.220 --> 00:10:50.250 align:start position:0% you're a teacher if you're a doctor but you<00:10:48.339> also<00:10:48.490> have<00:10:48.730> to<00:10:48.850> have<00:10:49.690> enough<00:10:49.960> for<00:10:50.140> your 00:10:50.250 --> 00:10:50.260 align:start position:0% you also have to have enough for your 00:10:50.260 --> 00:10:52.110 align:start position:0% you also have to have enough for your family<00:10:50.500> to<00:10:50.589> eat<00:10:50.740> so<00:10:51.220> you<00:10:51.310> need<00:10:51.460> to<00:10:51.610> have<00:10:51.730> taken 00:10:52.110 --> 00:10:52.120 align:start position:0% family to eat so you need to have taken 00:10:52.120 --> 00:10:55.890 align:start position:0% family to eat so you need to have taken these<00:10:52.240> two<00:10:52.300> jobs<00:10:54.390> leaving<00:10:55.390> Venezuela<00:10:55.810> is 00:10:55.890 --> 00:10:55.900 align:start position:0% these two jobs leaving Venezuela is 00:10:55.900 --> 00:10:57.510 align:start position:0% these two jobs leaving Venezuela is going<00:10:56.080> from<00:10:56.230> a<00:10:56.290> sinking<00:10:56.589> ship<00:10:56.650> to<00:10:57.040> a<00:10:57.070> life<00:10:57.280> of<00:10:57.370> a 00:10:57.510 --> 00:10:57.520 align:start position:0% going from a sinking ship to a life of a 00:10:57.520 --> 00:10:59.579 align:start position:0% going from a sinking ship to a life of a few<00:10:57.760> provisions<00:10:58.030> this<00:10:58.630> we<00:10:58.810> got<00:10:59.020> especially 00:10:59.579 --> 00:10:59.589 align:start position:0% few provisions this we got especially 00:10:59.589 --> 00:11:01.220 align:start position:0% few provisions this we got especially because<00:10:59.710> we<00:10:59.920> focused<00:11:00.310> in 00:11:01.220 --> 00:11:01.230 align:start position:0% because we focused in 00:11:01.230 --> 00:11:05.180 align:start position:0% because we focused in Columbia<00:11:01.760> and<00:11:02.760> we<00:11:03.590> noticed<00:11:04.590> like<00:11:04.710> there<00:11:05.070> was<00:11:05.160> a 00:11:05.180 --> 00:11:05.190 align:start position:0% Columbia and we noticed like there was a 00:11:05.190 --> 00:11:07.430 align:start position:0% Columbia and we noticed like there was a lot<00:11:05.370> of<00:11:05.400> migrants<00:11:05.880> coming<00:11:06.090> which<00:11:06.660> spoke<00:11:06.960> with 00:11:07.430 --> 00:11:07.440 align:start position:0% lot of migrants coming which spoke with 00:11:07.440 --> 00:11:08.810 align:start position:0% lot of migrants coming which spoke with a<00:11:07.470> lot<00:11:07.620> of<00:11:07.650> migrants<00:11:08.340> people<00:11:08.490> have<00:11:08.730> this 00:11:08.810 --> 00:11:08.820 align:start position:0% a lot of migrants people have this 00:11:08.820 --> 00:11:10.340 align:start position:0% a lot of migrants people have this expectation<00:11:09.180> that<00:11:09.630> when<00:11:09.810> they<00:11:09.930> leave<00:11:10.110> in<00:11:10.260> as 00:11:10.340 --> 00:11:10.350 align:start position:0% expectation that when they leave in as 00:11:10.350 --> 00:11:12.140 align:start position:0% expectation that when they leave in as well<00:11:10.470> everything<00:11:10.860> will<00:11:10.950> be<00:11:11.040> all<00:11:11.190> right<00:11:11.430> but 00:11:12.140 --> 00:11:12.150 align:start position:0% well everything will be all right but 00:11:12.150 --> 00:11:14.240 align:start position:0% well everything will be all right but when<00:11:13.140> they<00:11:13.320> find<00:11:13.620> themselves<00:11:13.740> in<00:11:14.130> a<00:11:14.220> new 00:11:14.240 --> 00:11:14.250 align:start position:0% when they find themselves in a new 00:11:14.250 --> 00:11:15.680 align:start position:0% when they find themselves in a new country<00:11:14.520> they<00:11:15.060> don't<00:11:15.240> have<00:11:15.360> their<00:11:15.540> support 00:11:15.680 --> 00:11:15.690 align:start position:0% country they don't have their support 00:11:15.690 --> 00:11:17.330 align:start position:0% country they don't have their support systems<00:11:16.320> and<00:11:16.500> as<00:11:16.650> I<00:11:16.980> mentioned<00:11:17.280> the 00:11:17.330 --> 00:11:17.340 align:start position:0% systems and as I mentioned the 00:11:17.340 --> 00:11:19.430 align:start position:0% systems and as I mentioned the institution's<00:11:17.850> probably<00:11:18.720> don't<00:11:19.050> work<00:11:19.260> for 00:11:19.430 --> 00:11:19.440 align:start position:0% institution's probably don't work for 00:11:19.440 --> 00:11:20.330 align:start position:0% institution's probably don't work for them<00:11:19.530> because<00:11:19.650> maybe<00:11:19.920> they<00:11:20.070> don't<00:11:20.130> have 00:11:20.330 --> 00:11:20.340 align:start position:0% them because maybe they don't have 00:11:20.340 --> 00:11:22.220 align:start position:0% them because maybe they don't have papers<00:11:20.700> maybe<00:11:21.210> they<00:11:21.540> can't<00:11:21.810> get<00:11:21.960> a<00:11:21.990> bank 00:11:22.220 --> 00:11:22.230 align:start position:0% papers maybe they can't get a bank 00:11:22.230 --> 00:11:24.980 align:start position:0% papers maybe they can't get a bank account<00:11:22.320> so<00:11:22.850> this<00:11:23.850> is<00:11:23.910> something<00:11:24.300> that<00:11:24.330> could 00:11:24.980 --> 00:11:24.990 align:start position:0% account so this is something that could 00:11:24.990 --> 00:11:27.080 align:start position:0% account so this is something that could take<00:11:25.110> into<00:11:25.260> account<00:11:25.530> and<00:11:26.520> then<00:11:26.640> lastly<00:11:26.940> this 00:11:27.080 --> 00:11:27.090 align:start position:0% take into account and then lastly this 00:11:27.090 --> 00:11:31.340 align:start position:0% take into account and then lastly this is<00:11:27.150> my<00:11:27.270> favorite<00:11:27.720> category<00:11:28.350> open<00:11:30.350> nobody 00:11:31.340 --> 00:11:31.350 align:start position:0% is my favorite category open nobody 00:11:31.350 --> 00:11:33.050 align:start position:0% is my favorite category open nobody wants<00:11:31.650> the<00:11:31.770> Bolivar<00:11:32.040> but<00:11:32.370> it's<00:11:32.460> necessary<00:11:33.000> to 00:11:33.050 --> 00:11:33.060 align:start position:0% wants the Bolivar but it's necessary to 00:11:33.060 --> 00:11:36.470 align:start position:0% wants the Bolivar but it's necessary to survive<00:11:33.540> so<00:11:34.380> as<00:11:34.980> you<00:11:35.160> can<00:11:35.280> see<00:11:35.520> the<00:11:36.120> Bolivar<00:11:36.450> is 00:11:36.470 --> 00:11:36.480 align:start position:0% survive so as you can see the Bolivar is 00:11:36.480 --> 00:11:41.030 align:start position:0% survive so as you can see the Bolivar is only<00:11:36.690> useful<00:11:37.380> now<00:11:38.100> to<00:11:38.160> make<00:11:39.410> home<00:11:40.410> decorations 00:11:41.030 --> 00:11:41.040 align:start position:0% only useful now to make home decorations 00:11:41.040 --> 00:11:42.470 align:start position:0% only useful now to make home decorations and<00:11:41.280> things<00:11:41.460> like<00:11:41.610> these<00:11:41.730> and<00:11:42.360> they're 00:11:42.470 --> 00:11:42.480 align:start position:0% and things like these and they're 00:11:42.480 --> 00:11:44.420 align:start position:0% and things like these and they're beautiful<00:11:42.900> but<00:11:43.440> it's<00:11:43.650> also<00:11:43.980> a<00:11:44.070> sign<00:11:44.310> of<00:11:44.340> the 00:11:44.420 --> 00:11:44.430 align:start position:0% beautiful but it's also a sign of the 00:11:44.430 --> 00:11:47.060 align:start position:0% beautiful but it's also a sign of the tragedy<00:11:44.910> that<00:11:44.970> that's<00:11:45.390> occurring<00:11:45.780> right<00:11:46.070> and 00:11:47.060 --> 00:11:47.070 align:start position:0% tragedy that that's occurring right and 00:11:47.070 --> 00:11:48.800 align:start position:0% tragedy that that's occurring right and then<00:11:47.610> you<00:11:47.850> know<00:11:47.880> and<00:11:48.090> you<00:11:48.210> might<00:11:48.360> think<00:11:48.660> oh 00:11:48.800 --> 00:11:48.810 align:start position:0% then you know and you might think oh 00:11:48.810 --> 00:11:50.480 align:start position:0% then you know and you might think oh well<00:11:48.990> no<00:11:49.170> one's<00:11:49.320> using<00:11:49.620> the<00:11:49.710> Bolivar<00:11:49.980> like 00:11:50.480 --> 00:11:50.490 align:start position:0% well no one's using the Bolivar like 00:11:50.490 --> 00:11:53.450 align:start position:0% well no one's using the Bolivar like this<00:11:50.760> is<00:11:50.880> because<00:11:51.150> like<00:11:51.890> who<00:11:52.890> would<00:11:53.040> use<00:11:53.250> such 00:11:53.450 --> 00:11:53.460 align:start position:0% this is because like who would use such 00:11:53.460 --> 00:11:55.100 align:start position:0% this is because like who would use such a<00:11:53.490> worthless<00:11:53.760> currency<00:11:54.180> but<00:11:54.330> in<00:11:54.420> fact<00:11:54.600> it<00:11:54.990> is 00:11:55.100 --> 00:11:55.110 align:start position:0% a worthless currency but in fact it is 00:11:55.110 --> 00:11:56.270 align:start position:0% a worthless currency but in fact it is the<00:11:55.230> currency<00:11:55.470> that's<00:11:55.650> most<00:11:55.920> widely 00:11:56.270 --> 00:11:56.280 align:start position:0% the currency that's most widely 00:11:56.280 --> 00:11:58.820 align:start position:0% the currency that's most widely distributed<00:11:56.430> and<00:11:57.000> then<00:11:57.480> if<00:11:57.780> that's<00:11:58.230> what 00:11:58.820 --> 00:11:58.830 align:start position:0% distributed and then if that's what 00:11:58.830 --> 00:12:01.250 align:start position:0% distributed and then if that's what people<00:11:59.010> have<00:11:59.370> to<00:11:59.670> trade<00:12:00.000> it<00:12:00.540> will<00:12:00.750> take<00:12:00.960> a<00:12:00.990> long 00:12:01.250 --> 00:12:01.260 align:start position:0% people have to trade it will take a long 00:12:01.260 --> 00:12:02.990 align:start position:0% people have to trade it will take a long time<00:12:01.500> for<00:12:01.560> it<00:12:01.860> to<00:12:01.920> be<00:12:01.980> replaced<00:12:02.490> by<00:12:02.760> something 00:12:02.990 --> 00:12:03.000 align:start position:0% time for it to be replaced by something 00:12:03.000 --> 00:12:05.600 align:start position:0% time for it to be replaced by something a<00:12:03.270> lot<00:12:03.540> more<00:12:03.750> convenient<00:12:04.080> like<00:12:04.680> say<00:12:04.950> die<00:12:05.250> or 00:12:05.600 --> 00:12:05.610 align:start position:0% a lot more convenient like say die or 00:12:05.610 --> 00:12:07.640 align:start position:0% a lot more convenient like say die or say<00:12:05.880> the<00:12:06.120> US<00:12:06.300> dollar<00:12:06.480> in<00:12:06.630> cash<00:12:06.810> even<00:12:07.500> though 00:12:07.640 --> 00:12:07.650 align:start position:0% say the US dollar in cash even though 00:12:07.650 --> 00:12:09.140 align:start position:0% say the US dollar in cash even though it's<00:12:07.830> making<00:12:08.190> inroads<00:12:08.370> especially<00:12:09.030> use 00:12:09.140 --> 00:12:09.150 align:start position:0% it's making inroads especially use 00:12:09.150 --> 00:12:11.090 align:start position:0% it's making inroads especially use dollars<00:12:09.420> in<00:12:09.660> cash<00:12:09.810> or<00:12:09.990> making<00:12:10.290> big<00:12:10.710> inroads<00:12:10.860> in 00:12:11.090 --> 00:12:11.100 align:start position:0% dollars in cash or making big inroads in 00:12:11.100 --> 00:12:13.040 align:start position:0% dollars in cash or making big inroads in Venezuela<00:12:11.520> it<00:12:11.670> takes<00:12:11.820> a<00:12:11.910> long<00:12:12.030> time<00:12:12.060> for<00:12:12.270> local 00:12:13.040 --> 00:12:13.050 align:start position:0% Venezuela it takes a long time for local 00:12:13.050 --> 00:12:16.280 align:start position:0% Venezuela it takes a long time for local currencies<00:12:13.380> to<00:12:13.500> be<00:12:13.590> replaced<00:12:15.050> when<00:12:16.050> someone 00:12:16.280 --> 00:12:16.290 align:start position:0% currencies to be replaced when someone 00:12:16.290 --> 00:12:17.870 align:start position:0% currencies to be replaced when someone is<00:12:16.380> selling<00:12:16.560> a<00:12:16.710> product<00:12:17.010> they<00:12:17.400> have<00:12:17.430> the<00:12:17.640> power 00:12:17.870 --> 00:12:17.880 align:start position:0% is selling a product they have the power 00:12:17.880 --> 00:12:20.560 align:start position:0% is selling a product they have the power to<00:12:18.090> choose<00:12:18.420> how<00:12:19.140> they<00:12:19.590> get<00:12:19.770> paid<00:12:20.040> they<00:12:20.520> have 00:12:20.560 --> 00:12:20.570 align:start position:0% to choose how they get paid they have 00:12:20.570 --> 00:12:23.960 align:start position:0% to choose how they get paid they have that<00:12:21.570> like<00:12:21.960> a<00:12:22.110> symmetry<00:12:22.620> of<00:12:22.740> power<00:12:22.950> right<00:12:23.220> so 00:12:23.960 --> 00:12:23.970 align:start position:0% that like a symmetry of power right so 00:12:23.970 --> 00:12:25.700 align:start position:0% that like a symmetry of power right so for<00:12:24.270> example<00:12:24.510> we<00:12:24.570> spoke<00:12:24.810> with<00:12:24.930> this<00:12:25.050> guy<00:12:25.230> who 00:12:25.700 --> 00:12:25.710 align:start position:0% for example we spoke with this guy who 00:12:25.710 --> 00:12:28.130 align:start position:0% for example we spoke with this guy who was<00:12:26.070> trying<00:12:26.700> to<00:12:26.760> find<00:12:27.060> medicine<00:12:27.510> for<00:12:27.750> his<00:12:27.840> mom 00:12:28.130 --> 00:12:28.140 align:start position:0% was trying to find medicine for his mom 00:12:28.140 --> 00:12:29.810 align:start position:0% was trying to find medicine for his mom and<00:12:28.380> he<00:12:28.530> didn't<00:12:28.800> have<00:12:28.980> zel<00:12:29.460> which<00:12:29.670> is<00:12:29.790> a 00:12:29.810 --> 00:12:29.820 align:start position:0% and he didn't have zel which is a 00:12:29.820 --> 00:12:32.180 align:start position:0% and he didn't have zel which is a interbank<00:12:30.570> transfer<00:12:30.890> platform<00:12:31.890> in<00:12:32.130> the 00:12:32.180 --> 00:12:32.190 align:start position:0% interbank transfer platform in the 00:12:32.190 --> 00:12:34.010 align:start position:0% interbank transfer platform in the United<00:12:32.460> States<00:12:32.670> it's<00:12:33.330> very<00:12:33.660> popular<00:12:33.840> in 00:12:34.010 --> 00:12:34.020 align:start position:0% United States it's very popular in 00:12:34.020 --> 00:12:35.330 align:start position:0% United States it's very popular in Venezuela<00:12:34.470> because<00:12:34.560> there<00:12:34.800> still<00:12:35.070> are<00:12:35.310> many 00:12:35.330 --> 00:12:35.340 align:start position:0% Venezuela because there still are many 00:12:35.340 --> 00:12:37.970 align:start position:0% Venezuela because there still are many people<00:12:35.760> who<00:12:35.880> have<00:12:36.090> not<00:12:37.080> many<00:12:37.500> many<00:12:37.740> but 00:12:37.970 --> 00:12:37.980 align:start position:0% people who have not many many but 00:12:37.980 --> 00:12:39.880 align:start position:0% people who have not many many but there's<00:12:38.520> thousands<00:12:39.270> of<00:12:39.360> people<00:12:39.420> who<00:12:39.690> have 00:12:39.880 --> 00:12:39.890 align:start position:0% there's thousands of people who have 00:12:39.890 --> 00:12:42.050 align:start position:0% there's thousands of people who have bank<00:12:40.890> accounts<00:12:40.980> in<00:12:41.280> the<00:12:41.370> US<00:12:41.550> and<00:12:41.760> have 00:12:42.050 --> 00:12:42.060 align:start position:0% bank accounts in the US and have 00:12:42.060 --> 00:12:45.620 align:start position:0% bank accounts in the US and have registered<00:12:42.450> Frizzell<00:12:42.780> so<00:12:44.240> this<00:12:45.240> guy<00:12:45.390> didn't 00:12:45.620 --> 00:12:45.630 align:start position:0% registered Frizzell so this guy didn't 00:12:45.630 --> 00:12:48.500 align:start position:0% registered Frizzell so this guy didn't have<00:12:45.690> access<00:12:46.170> to<00:12:46.320> that<00:12:46.470> and<00:12:46.770> he<00:12:47.550> the<00:12:48.150> medicine 00:12:48.500 --> 00:12:48.510 align:start position:0% have access to that and he the medicine 00:12:48.510 --> 00:12:50.480 align:start position:0% have access to that and he the medicine he<00:12:48.630> was<00:12:48.750> supposed<00:12:49.050> to<00:12:49.110> purchase<00:12:49.470> to<00:12:49.980> require 00:12:50.480 --> 00:12:50.490 align:start position:0% he was supposed to purchase to require 00:12:50.490 --> 00:12:52.910 align:start position:0% he was supposed to purchase to require that<00:12:50.520> like<00:12:50.910> the<00:12:51.030> guy<00:12:51.480> who<00:12:51.570> sold<00:12:51.810> medicine<00:12:52.230> was 00:12:52.910 --> 00:12:52.920 align:start position:0% that like the guy who sold medicine was 00:12:52.920 --> 00:12:55.460 align:start position:0% that like the guy who sold medicine was like<00:12:53.070> okay<00:12:53.340> do<00:12:53.520> you<00:12:53.610> you<00:12:54.060> give<00:12:54.480> me<00:12:54.630> the<00:12:55.380> money 00:12:55.460 --> 00:12:55.470 align:start position:0% like okay do you you give me the money 00:12:55.470 --> 00:12:57.350 align:start position:0% like okay do you you give me the money in<00:12:55.680> zel<00:12:55.920> or<00:12:56.190> else<00:12:56.580> I<00:12:56.790> won't<00:12:56.940> sell<00:12:57.150> you<00:12:57.270> the 00:12:57.350 --> 00:12:57.360 align:start position:0% in zel or else I won't sell you the 00:12:57.360 --> 00:13:00.110 align:start position:0% in zel or else I won't sell you the medicine<00:12:57.660> which<00:12:58.290> you<00:12:58.980> know<00:12:59.100> is<00:12:59.280> it's<00:12:59.790> kind<00:13:00.030> of 00:13:00.110 --> 00:13:00.120 align:start position:0% medicine which you know is it's kind of 00:13:00.120 --> 00:13:02.450 align:start position:0% medicine which you know is it's kind of terrible<00:13:00.780> for<00:13:00.930> him<00:13:01.050> but<00:13:01.320> eventually<00:13:02.100> he<00:13:02.370> was 00:13:02.450 --> 00:13:02.460 align:start position:0% terrible for him but eventually he was 00:13:02.460 --> 00:13:04.490 align:start position:0% terrible for him but eventually he was able<00:13:02.550> to<00:13:02.670> find<00:13:02.940> an<00:13:03.120> uncle<00:13:03.420> that<00:13:03.630> could<00:13:04.140> lend 00:13:04.490 --> 00:13:04.500 align:start position:0% able to find an uncle that could lend 00:13:04.500 --> 00:13:09.620 align:start position:0% able to find an uncle that could lend his<00:13:04.770> account<00:13:05.160> to<00:13:05.400> him<00:13:06.140> so<00:13:07.140> you<00:13:08.070> know<00:13:08.270> just<00:13:09.270> just 00:13:09.620 --> 00:13:09.630 align:start position:0% his account to him so you know just just 00:13:09.630 --> 00:13:11.780 align:start position:0% his account to him so you know just just he<00:13:10.590> keep<00:13:10.860> like<00:13:11.190> the 00:13:11.780 --> 00:13:11.790 align:start position:0% he keep like the 00:13:11.790 --> 00:13:14.870 align:start position:0% he keep like the -<00:13:12.210> mind-blowing<00:13:12.960> right<00:13:13.580> when<00:13:14.580> you<00:13:14.670> live<00:13:14.790> in 00:13:14.870 --> 00:13:14.880 align:start position:0% - mind-blowing right when you live in 00:13:14.880 --> 00:13:16.400 align:start position:0% - mind-blowing right when you live in Venezuela<00:13:15.120> there's<00:13:15.450> no<00:13:15.690> good<00:13:16.050> way<00:13:16.080> to<00:13:16.260> say 00:13:16.400 --> 00:13:16.410 align:start position:0% Venezuela there's no good way to say 00:13:16.410 --> 00:13:18.650 align:start position:0% Venezuela there's no good way to say there's<00:13:16.710> no<00:13:16.770> ideal<00:13:17.160> way<00:13:17.340> to<00:13:17.370> say<00:13:17.580> so<00:13:17.640> what<00:13:18.540> we 00:13:18.650 --> 00:13:18.660 align:start position:0% there's no ideal way to say so what we 00:13:18.660 --> 00:13:20.570 align:start position:0% there's no ideal way to say so what we noticed<00:13:19.110> was<00:13:19.530> we<00:13:19.890> spoke<00:13:20.280> with<00:13:20.370> three 00:13:20.570 --> 00:13:20.580 align:start position:0% noticed was we spoke with three 00:13:20.580 --> 00:13:22.010 align:start position:0% noticed was we spoke with three different<00:13:20.820> people<00:13:20.910> that<00:13:21.090> have<00:13:21.210> had<00:13:21.810> it<00:13:21.840> in 00:13:22.010 --> 00:13:22.020 align:start position:0% different people that have had it in 00:13:22.020 --> 00:13:23.030 align:start position:0% different people that have had it in different<00:13:22.260> approaches<00:13:22.560> but<00:13:22.680> you'll<00:13:22.830> notice 00:13:23.030 --> 00:13:23.040 align:start position:0% different approaches but you'll notice 00:13:23.040 --> 00:13:24.410 align:start position:0% different approaches but you'll notice that<00:13:23.130> none<00:13:23.610> of<00:13:23.640> these<00:13:23.760> approaches<00:13:24.330> are 00:13:24.410 --> 00:13:24.420 align:start position:0% that none of these approaches are 00:13:24.420 --> 00:13:29.000 align:start position:0% that none of these approaches are actually<00:13:24.990> ideal<00:13:25.380> so<00:13:25.980> we<00:13:26.940> spoke<00:13:27.150> with<00:13:27.390> one<00:13:28.010> very 00:13:29.000 --> 00:13:29.010 align:start position:0% actually ideal so we spoke with one very 00:13:29.010 --> 00:13:31.010 align:start position:0% actually ideal so we spoke with one very bright<00:13:29.250> student<00:13:29.610> who<00:13:29.850> got<00:13:30.570> into<00:13:30.660> mining 00:13:31.010 --> 00:13:31.020 align:start position:0% bright student who got into mining 00:13:31.020 --> 00:13:33.230 align:start position:0% bright student who got into mining Bitcoin<00:13:31.290> and<00:13:31.470> save<00:13:31.710> her<00:13:31.860> money<00:13:32.040> in<00:13:32.130> Bitcoin<00:13:32.460> of 00:13:33.230 --> 00:13:33.240 align:start position:0% Bitcoin and save her money in Bitcoin of 00:13:33.240 --> 00:13:34.880 align:start position:0% Bitcoin and save her money in Bitcoin of course<00:13:33.450> it's<00:13:33.600> volatile<00:13:33.990> but<00:13:34.290> she<00:13:34.470> preferred 00:13:34.880 --> 00:13:34.890 align:start position:0% course it's volatile but she preferred 00:13:34.890 --> 00:13:36.230 align:start position:0% course it's volatile but she preferred it<00:13:35.040> to<00:13:35.160> having<00:13:35.310> US<00:13:35.610> dollars<00:13:35.850> because<00:13:36.090> she 00:13:36.230 --> 00:13:36.240 align:start position:0% it to having US dollars because she 00:13:36.240 --> 00:13:37.820 align:start position:0% it to having US dollars because she could<00:13:36.360> pull<00:13:36.540> it<00:13:36.630> out<00:13:36.690> at<00:13:36.840> any<00:13:36.900> time<00:13:37.050> but<00:13:37.710> it 00:13:37.820 --> 00:13:37.830 align:start position:0% could pull it out at any time but it 00:13:37.830 --> 00:13:39.890 align:start position:0% could pull it out at any time but it turns<00:13:38.010> out<00:13:38.130> that<00:13:38.280> local<00:13:38.640> bitcoins<00:13:39.000> is<00:13:39.270> the 00:13:39.890 --> 00:13:39.900 align:start position:0% turns out that local bitcoins is the 00:13:39.900 --> 00:13:42.640 align:start position:0% turns out that local bitcoins is the most<00:13:40.140> liquid<00:13:40.580> the<00:13:41.580> most<00:13:41.730> convenient<00:13:42.060> way<00:13:42.300> to 00:13:42.640 --> 00:13:42.650 align:start position:0% most liquid the most convenient way to 00:13:42.650 --> 00:13:45.050 align:start position:0% most liquid the most convenient way to convert<00:13:43.650> from<00:13:43.920> a<00:13:44.160> foreign<00:13:44.610> currency<00:13:44.730> if<00:13:45.000> you 00:13:45.050 --> 00:13:45.060 align:start position:0% convert from a foreign currency if you 00:13:45.060 --> 00:13:46.760 align:start position:0% convert from a foreign currency if you consider<00:13:45.390> Bitcoin<00:13:45.720> a<00:13:45.750> foreign<00:13:45.990> currency<00:13:46.290> to 00:13:46.760 --> 00:13:46.770 align:start position:0% consider Bitcoin a foreign currency to 00:13:46.770 --> 00:13:48.530 align:start position:0% consider Bitcoin a foreign currency to to<00:13:47.160> bolivars<00:13:47.490> if<00:13:47.760> you<00:13:47.820> keep<00:13:48.000> your<00:13:48.090> money<00:13:48.300> there 00:13:48.530 --> 00:13:48.540 align:start position:0% to bolivars if you keep your money there 00:13:48.540 --> 00:13:50.450 align:start position:0% to bolivars if you keep your money there in<00:13:48.780> a<00:13:49.200> matter<00:13:49.350> of<00:13:49.410> five<00:13:49.740> minutes<00:13:49.770> you<00:13:50.100> can<00:13:50.250> get 00:13:50.450 --> 00:13:50.460 align:start position:0% in a matter of five minutes you can get 00:13:50.460 --> 00:13:52.070 align:start position:0% in a matter of five minutes you can get the<00:13:51.060> money<00:13:51.180> in<00:13:51.360> your<00:13:51.450> bank<00:13:51.630> account<00:13:51.750> and<00:13:51.960> you 00:13:52.070 --> 00:13:52.080 align:start position:0% the money in your bank account and you 00:13:52.080 --> 00:13:53.450 align:start position:0% the money in your bank account and you can<00:13:52.200> pay<00:13:52.380> for<00:13:52.410> things<00:13:52.710> which<00:13:52.980> is<00:13:53.130> really 00:13:53.450 --> 00:13:53.460 align:start position:0% can pay for things which is really 00:13:53.460 --> 00:13:56.900 align:start position:0% can pay for things which is really amazing<00:13:54.110> then<00:13:55.110> there's<00:13:55.530> people<00:13:55.740> that<00:13:55.920> save 00:13:56.900 --> 00:13:56.910 align:start position:0% amazing then there's people that save 00:13:56.910 --> 00:13:59.150 align:start position:0% amazing then there's people that save money<00:13:57.120> in<00:13:57.300> dollars<00:13:57.540> in<00:13:57.660> cash<00:13:57.900> but<00:13:58.260> then<00:13:58.440> it<00:13:58.770> is 00:13:59.150 --> 00:13:59.160 align:start position:0% money in dollars in cash but then it is 00:13:59.160 --> 00:14:02.180 align:start position:0% money in dollars in cash but then it is unsafe<00:13:59.640> so<00:14:00.150> if<00:14:00.330> you<00:14:00.420> have<00:14:00.630> someone<00:14:00.990> that<00:14:01.500> can 00:14:02.180 --> 00:14:02.190 align:start position:0% unsafe so if you have someone that can 00:14:02.190 --> 00:14:03.440 align:start position:0% unsafe so if you have someone that can keep<00:14:02.370> the<00:14:02.520> money<00:14:02.610> for<00:14:02.850> you<00:14:02.940> especially<00:14:03.060> if<00:14:03.360> you 00:14:03.440 --> 00:14:03.450 align:start position:0% keep the money for you especially if you 00:14:03.450 --> 00:14:05.150 align:start position:0% keep the money for you especially if you live<00:14:03.630> in<00:14:03.870> an<00:14:03.990> area<00:14:04.140> where<00:14:04.440> it's<00:14:04.590> more<00:14:04.830> unsafe 00:14:05.150 --> 00:14:05.160 align:start position:0% live in an area where it's more unsafe 00:14:05.160 --> 00:14:07.280 align:start position:0% live in an area where it's more unsafe then<00:14:05.970> you<00:14:06.030> try<00:14:06.210> to<00:14:06.240> keep<00:14:06.510> it<00:14:06.690> keep<00:14:07.020> the<00:14:07.140> money 00:14:07.280 --> 00:14:07.290 align:start position:0% then you try to keep it keep the money 00:14:07.290 --> 00:14:11.230 align:start position:0% then you try to keep it keep the money there<00:14:07.530> and<00:14:08.060> then<00:14:09.060> we<00:14:09.690> are<00:14:09.840> starting<00:14:10.200> to<00:14:10.530> see 00:14:11.230 --> 00:14:11.240 align:start position:0% there and then we are starting to see 00:14:11.240 --> 00:14:14.450 align:start position:0% there and then we are starting to see digital<00:14:12.240> money<00:14:12.510> platforms<00:14:13.260> being<00:14:13.980> used<00:14:14.220> so 00:14:14.450 --> 00:14:14.460 align:start position:0% digital money platforms being used so 00:14:14.460 --> 00:14:16.130 align:start position:0% digital money platforms being used so there's<00:14:14.850> there's<00:14:15.120> a<00:14:15.180> company<00:14:15.390> called<00:14:15.480> err<00:14:15.750> TM 00:14:16.130 --> 00:14:16.140 align:start position:0% there's there's a company called err TM 00:14:16.140 --> 00:14:19.280 align:start position:0% there's there's a company called err TM and<00:14:16.440> uphold<00:14:17.160> that<00:14:17.760> are<00:14:18.360> like<00:14:18.780> enabling<00:14:19.200> these 00:14:19.280 --> 00:14:19.290 align:start position:0% and uphold that are like enabling these 00:14:19.290 --> 00:14:20.690 align:start position:0% and uphold that are like enabling these kind<00:14:19.470> of<00:14:19.500> services<00:14:19.920> they're<00:14:20.400> not<00:14:20.550> using 00:14:20.690 --> 00:14:20.700 align:start position:0% kind of services they're not using 00:14:20.700 --> 00:14:22.610 align:start position:0% kind of services they're not using cryptocurrency<00:14:21.120> quite<00:14:21.570> yet<00:14:21.810> and<00:14:21.990> some<00:14:22.380> of 00:14:22.610 --> 00:14:22.620 align:start position:0% cryptocurrency quite yet and some of 00:14:22.620 --> 00:14:26.090 align:start position:0% cryptocurrency quite yet and some of these<00:14:22.710> are<00:14:23.130> still<00:14:23.880> in<00:14:24.180> its<00:14:24.720> infancy<00:14:24.780> they<00:14:25.740> they 00:14:26.090 --> 00:14:26.100 align:start position:0% these are still in its infancy they they 00:14:26.100 --> 00:14:28.040 align:start position:0% these are still in its infancy they they have<00:14:26.370> to<00:14:26.790> become<00:14:27.210> better<00:14:27.240> at<00:14:27.600> being<00:14:27.750> mobile 00:14:28.040 --> 00:14:28.050 align:start position:0% have to become better at being mobile 00:14:28.050 --> 00:14:32.000 align:start position:0% have to become better at being mobile first<00:14:28.290> and<00:14:28.650> so<00:14:28.830> on<00:14:28.980> and<00:14:29.910> at<00:14:30.390> so<00:14:31.350> the<00:14:31.680> government 00:14:32.000 --> 00:14:32.010 align:start position:0% first and so on and at so the government 00:14:32.010 --> 00:14:33.950 align:start position:0% first and so on and at so the government actually<00:14:32.310> blocked<00:14:32.910> err<00:14:33.180> TM<00:14:33.480> from<00:14:33.630> operating 00:14:33.950 --> 00:14:33.960 align:start position:0% actually blocked err TM from operating 00:14:33.960 --> 00:14:36.290 align:start position:0% actually blocked err TM from operating but<00:14:34.260> it's<00:14:34.530> a<00:14:34.590> very<00:14:34.800> simple<00:14:35.070> block<00:14:35.430> -<00:14:35.670> to<00:14:35.940> bypass 00:14:36.290 --> 00:14:36.300 align:start position:0% but it's a very simple block - to bypass 00:14:36.300 --> 00:14:38.840 align:start position:0% but it's a very simple block - to bypass so<00:14:36.510> people<00:14:37.080> need<00:14:37.440> to<00:14:37.560> have<00:14:37.650> be<00:14:37.830> PN's<00:14:38.160> to<00:14:38.430> access 00:14:38.840 --> 00:14:38.850 align:start position:0% so people need to have be PN's to access 00:14:38.850 --> 00:14:40.400 align:start position:0% so people need to have be PN's to access these<00:14:39.060> serve<00:14:39.330> some<00:14:39.570> of<00:14:39.660> these<00:14:39.750> services<00:14:39.930> and 00:14:40.400 --> 00:14:40.410 align:start position:0% these serve some of these services and 00:14:40.410 --> 00:14:43.730 align:start position:0% these serve some of these services and if<00:14:41.400> you<00:14:41.550> made<00:14:41.940> a<00:14:41.970> mobile<00:14:42.150> app<00:14:42.420> that<00:14:42.750> like<00:14:43.530> would 00:14:43.730 --> 00:14:43.740 align:start position:0% if you made a mobile app that like would 00:14:43.740 --> 00:14:45.530 align:start position:0% if you made a mobile app that like would bypass<00:14:43.890> under<00:14:44.400> there<00:14:44.520> people<00:14:44.880> would<00:14:45.060> need<00:14:45.210> to 00:14:45.530 --> 00:14:45.540 align:start position:0% bypass under there people would need to 00:14:45.540 --> 00:14:47.330 align:start position:0% bypass under there people would need to use<00:14:45.570> VPNs<00:14:46.020> that<00:14:46.170> most<00:14:46.380> in<00:14:46.710> fact<00:14:46.950> most<00:14:47.130> people 00:14:47.330 --> 00:14:47.340 align:start position:0% use VPNs that most in fact most people 00:14:47.340 --> 00:14:48.320 align:start position:0% use VPNs that most in fact most people don't<00:14:47.520> want<00:14:47.700> to<00:14:47.790> use<00:14:47.880> VPN 00:14:48.320 --> 00:14:48.330 align:start position:0% don't want to use VPN 00:14:48.330 --> 00:14:51.470 align:start position:0% don't want to use VPN so<00:14:48.690> as<00:14:48.810> long<00:14:49.230> as<00:14:49.290> that<00:14:49.530> is<00:14:49.710> the<00:14:49.950> situation<00:14:50.520> then 00:14:51.470 --> 00:14:51.480 align:start position:0% so as long as that is the situation then 00:14:51.480 --> 00:14:53.780 align:start position:0% so as long as that is the situation then this<00:14:51.750> will<00:14:51.930> not<00:14:52.110> reach<00:14:52.440> you<00:14:52.800> know<00:14:52.920> mass<00:14:53.310> usage 00:14:53.780 --> 00:14:53.790 align:start position:0% this will not reach you know mass usage 00:14:53.790 --> 00:14:55.610 align:start position:0% this will not reach you know mass usage so<00:14:54.750> I<00:14:54.780> want<00:14:55.050> to<00:14:55.080> talk<00:14:55.200> quickly<00:14:55.500> about 00:14:55.610 --> 00:14:55.620 align:start position:0% so I want to talk quickly about 00:14:55.620 --> 00:14:57.920 align:start position:0% so I want to talk quickly about opportunity<00:14:56.280> areas<00:14:56.630> we<00:14:57.630> want<00:14:57.690> to<00:14:57.810> enable 00:14:57.920 --> 00:14:57.930 align:start position:0% opportunity areas we want to enable 00:14:57.930 --> 00:15:01.430 align:start position:0% opportunity areas we want to enable access<00:14:58.580> and<00:14:59.580> I'm<00:14:59.790> gonna<00:14:59.910> also<00:15:00.240> go<00:15:00.930> into<00:15:01.230> the 00:15:01.430 --> 00:15:01.440 align:start position:0% access and I'm gonna also go into the 00:15:01.440 --> 00:15:04.550 align:start position:0% access and I'm gonna also go into the three<00:15:02.450> ways<00:15:03.450> the<00:15:03.630> way<00:15:03.810> that<00:15:04.050> the<00:15:04.260> the 00:15:04.550 --> 00:15:04.560 align:start position:0% three ways the way that the the 00:15:04.560 --> 00:15:06.140 align:start position:0% three ways the way that the the hierarchy<00:15:05.220> that<00:15:05.250> we<00:15:05.400> establish<00:15:05.970> right 00:15:06.140 --> 00:15:06.150 align:start position:0% hierarchy that we establish right 00:15:06.150 --> 00:15:09.020 align:start position:0% hierarchy that we establish right confident<00:15:06.900> so<00:15:07.350> we<00:15:07.800> often<00:15:08.130> say<00:15:08.340> that<00:15:08.370> you 00:15:09.020 --> 00:15:09.030 align:start position:0% confident so we often say that you 00:15:09.030 --> 00:15:10.280 align:start position:0% confident so we often say that you should<00:15:09.210> make<00:15:09.420> products<00:15:09.840> in<00:15:09.930> the<00:15:10.020> crypt<00:15:10.200> of 00:15:10.280 --> 00:15:10.290 align:start position:0% should make products in the crypt of 00:15:10.290 --> 00:15:13.040 align:start position:0% should make products in the crypt of space<00:15:10.500> that<00:15:10.710> avoid<00:15:11.220> avoid<00:15:11.880> having<00:15:12.060> trust<00:15:12.480> will 00:15:13.040 --> 00:15:13.050 align:start position:0% space that avoid avoid having trust will 00:15:13.050 --> 00:15:15.350 align:start position:0% space that avoid avoid having trust will challenge<00:15:13.470> that<00:15:13.710> and<00:15:13.920> and<00:15:14.400> we<00:15:14.520> would<00:15:14.640> say<00:15:14.880> try 00:15:15.350 --> 00:15:15.360 align:start position:0% challenge that and and we would say try 00:15:15.360 --> 00:15:16.730 align:start position:0% challenge that and and we would say try to<00:15:15.450> leverage<00:15:15.810> the<00:15:16.110> trust<00:15:16.350> are<00:15:16.470> is<00:15:16.530> already 00:15:16.730 --> 00:15:16.740 align:start position:0% to leverage the trust are is already 00:15:16.740 --> 00:15:19.700 align:start position:0% to leverage the trust are is already existing<00:15:17.250> between<00:15:17.460> people<00:15:17.970> right<00:15:18.750> so<00:15:19.080> what<00:15:19.620> if 00:15:19.700 --> 00:15:19.710 align:start position:0% existing between people right so what if 00:15:19.710 --> 00:15:21.770 align:start position:0% existing between people right so what if for<00:15:19.830> example<00:15:20.160> we've<00:15:20.280> had<00:15:20.310> these<00:15:20.970> are<00:15:21.150> product 00:15:21.770 --> 00:15:21.780 align:start position:0% for example we've had these are product 00:15:21.780 --> 00:15:23.570 align:start position:0% for example we've had these are product plug<00:15:22.350> ideas<00:15:22.710> that<00:15:23.070> like 00:15:23.570 --> 00:15:23.580 align:start position:0% plug ideas that like 00:15:23.580 --> 00:15:25.759 align:start position:0% plug ideas that like provocations<00:15:24.450> from<00:15:25.050> the<00:15:25.230> research<00:15:25.500> that<00:15:25.529> we 00:15:25.759 --> 00:15:25.769 align:start position:0% provocations from the research that we 00:15:25.769 --> 00:15:28.670 align:start position:0% provocations from the research that we have<00:15:26.330> so<00:15:27.330> what<00:15:27.630> if<00:15:27.750> you<00:15:27.870> had<00:15:28.019> for<00:15:28.170> example<00:15:28.200> a 00:15:28.670 --> 00:15:28.680 align:start position:0% have so what if you had for example a 00:15:28.680 --> 00:15:29.990 align:start position:0% have so what if you had for example a program<00:15:29.040> where<00:15:29.220> there<00:15:29.399> are<00:15:29.490> digital<00:15:29.700> banking 00:15:29.990 --> 00:15:30.000 align:start position:0% program where there are digital banking 00:15:30.000 --> 00:15:33.259 align:start position:0% program where there are digital banking ambassadors<00:15:30.630> that<00:15:31.230> would<00:15:31.980> onboard<00:15:32.940> people 00:15:33.259 --> 00:15:33.269 align:start position:0% ambassadors that would onboard people 00:15:33.269 --> 00:15:35.810 align:start position:0% ambassadors that would onboard people onto<00:15:33.930> using<00:15:34.290> some<00:15:34.709> digital<00:15:35.040> money<00:15:35.220> platforms 00:15:35.810 --> 00:15:35.820 align:start position:0% onto using some digital money platforms 00:15:35.820 --> 00:15:37.430 align:start position:0% onto using some digital money platforms and<00:15:36.060> you<00:15:36.330> know<00:15:36.450> the<00:15:36.570> most<00:15:36.779> exciting<00:15:37.200> person<00:15:37.320> in 00:15:37.430 --> 00:15:37.440 align:start position:0% and you know the most exciting person in 00:15:37.440 --> 00:15:39.530 align:start position:0% and you know the most exciting person in your<00:15:37.500> community<00:15:37.620> could<00:15:38.459> tell<00:15:38.880> the<00:15:39.029> others<00:15:39.300> you 00:15:39.530 --> 00:15:39.540 align:start position:0% your community could tell the others you 00:15:39.540 --> 00:15:42.800 align:start position:0% your community could tell the others you know<00:15:39.630> this<00:15:39.870> is<00:15:39.990> how<00:15:40.140> you<00:15:40.200> would<00:15:41.120> would<00:15:42.120> be<00:15:42.480> able 00:15:42.800 --> 00:15:42.810 align:start position:0% know this is how you would would be able 00:15:42.810 --> 00:15:45.139 align:start position:0% know this is how you would would be able to<00:15:43.050> load<00:15:43.350> up<00:15:43.500> money<00:15:43.680> and<00:15:43.890> and<00:15:44.579> use<00:15:44.700> this<00:15:44.940> these 00:15:45.139 --> 00:15:45.149 align:start position:0% to load up money and and use this these 00:15:45.149 --> 00:15:48.199 align:start position:0% to load up money and and use this these kinds<00:15:45.390> of<00:15:45.450> money<00:15:45.600> systems<00:15:46.310> in<00:15:47.310> resilient 00:15:48.199 --> 00:15:48.209 align:start position:0% kinds of money systems in resilient 00:15:48.209 --> 00:15:51.170 align:start position:0% kinds of money systems in resilient category<00:15:49.190> we<00:15:50.190> need<00:15:50.310> to<00:15:50.399> ensure<00:15:50.610> consistent 00:15:51.170 --> 00:15:51.180 align:start position:0% category we need to ensure consistent 00:15:51.180 --> 00:15:53.329 align:start position:0% category we need to ensure consistent access<00:15:51.360> to<00:15:51.750> our<00:15:51.870> systems<00:15:52.290> even<00:15:52.920> under<00:15:53.130> bad 00:15:53.329 --> 00:15:53.339 align:start position:0% access to our systems even under bad 00:15:53.339 --> 00:15:55.759 align:start position:0% access to our systems even under bad infrastructure<00:15:53.940> so<00:15:54.540> what<00:15:55.350> if<00:15:55.440> there's<00:15:55.589> a<00:15:55.680> way 00:15:55.759 --> 00:15:55.769 align:start position:0% infrastructure so what if there's a way 00:15:55.769 --> 00:15:57.410 align:start position:0% infrastructure so what if there's a way that<00:15:55.920> we<00:15:56.130> could<00:15:56.279> enable<00:15:56.430> offline<00:15:56.880> mobile 00:15:57.410 --> 00:15:57.420 align:start position:0% that we could enable offline mobile 00:15:57.420 --> 00:15:59.420 align:start position:0% that we could enable offline mobile transfers<00:15:57.779> even<00:15:58.170> if<00:15:58.290> it<00:15:58.410> doesn't<00:15:58.620> turn<00:15:59.070> out<00:15:59.250> to 00:15:59.420 --> 00:15:59.430 align:start position:0% transfers even if it doesn't turn out to 00:15:59.430 --> 00:16:02.180 align:start position:0% transfers even if it doesn't turn out to be<00:15:59.459> extremely<00:16:00.680> censorship<00:16:01.680> persistent<00:16:02.100> or 00:16:02.180 --> 00:16:02.190 align:start position:0% be extremely censorship persistent or 00:16:02.190 --> 00:16:05.540 align:start position:0% be extremely censorship persistent or extremely<00:16:03.350> double<00:16:04.350> span<00:16:04.529> resistant<00:16:05.010> because 00:16:05.540 --> 00:16:05.550 align:start position:0% extremely double span resistant because 00:16:05.550 --> 00:16:07.699 align:start position:0% extremely double span resistant because people<00:16:06.269> often<00:16:06.480> transact<00:16:07.079> with<00:16:07.260> with<00:16:07.620> people 00:16:07.699 --> 00:16:07.709 align:start position:0% people often transact with with people 00:16:07.709 --> 00:16:08.630 align:start position:0% people often transact with with people that<00:16:07.890> they're<00:16:08.040> going<00:16:08.070> to<00:16:08.220> transact<00:16:08.610> with 00:16:08.630 --> 00:16:08.640 align:start position:0% that they're going to transact with 00:16:08.640 --> 00:16:11.150 align:start position:0% that they're going to transact with again<00:16:09.000> so<00:16:09.600> it<00:16:09.930> is<00:16:10.110> in<00:16:10.709> their<00:16:10.920> best<00:16:11.040> interest 00:16:11.150 --> 00:16:11.160 align:start position:0% again so it is in their best interest 00:16:11.160 --> 00:16:14.920 align:start position:0% again so it is in their best interest not<00:16:11.430> to<00:16:11.670> cheat<00:16:11.940> the<00:16:12.120> system<00:16:12.410> in<00:16:13.410> in<00:16:13.620> most<00:16:13.769> cases 00:16:14.920 --> 00:16:14.930 align:start position:0% not to cheat the system in in most cases 00:16:14.930 --> 00:16:18.350 align:start position:0% not to cheat the system in in most cases crypto<00:16:15.930> bills<00:16:16.140> I<00:16:16.470> saw<00:16:16.769> there's<00:16:17.700> there's<00:16:18.060> there 00:16:18.350 --> 00:16:18.360 align:start position:0% crypto bills I saw there's there's there 00:16:18.360 --> 00:16:20.030 align:start position:0% crypto bills I saw there's there's there are<00:16:18.450> some<00:16:18.600> crypto<00:16:19.260> bills<00:16:19.470> floating<00:16:19.620> around 00:16:20.030 --> 00:16:20.040 align:start position:0% are some crypto bills floating around 00:16:20.040 --> 00:16:21.500 align:start position:0% are some crypto bills floating around this<00:16:20.250> conference<00:16:20.550> as<00:16:20.730> well<00:16:20.880> so<00:16:21.060> this<00:16:21.240> is<00:16:21.360> like 00:16:21.500 --> 00:16:21.510 align:start position:0% this conference as well so this is like 00:16:21.510 --> 00:16:23.509 align:start position:0% this conference as well so this is like nice<00:16:21.990> to<00:16:22.200> see<00:16:22.350> some<00:16:22.950> look<00:16:23.100> into<00:16:23.250> the<00:16:23.310> sinner 00:16:23.509 --> 00:16:23.519 align:start position:0% nice to see some look into the sinner 00:16:23.519 --> 00:16:26.509 align:start position:0% nice to see some look into the sinner idea<00:16:23.730> and<00:16:24.209> of<00:16:24.300> a<00:16:24.500> bill<00:16:25.500> where<00:16:25.829> you<00:16:26.130> can<00:16:26.250> verify 00:16:26.509 --> 00:16:26.519 align:start position:0% idea and of a bill where you can verify 00:16:26.519 --> 00:16:28.970 align:start position:0% idea and of a bill where you can verify that<00:16:26.820> you<00:16:27.480> know<00:16:27.570> the<00:16:27.690> private<00:16:27.839> key<00:16:28.110> has<00:16:28.560> money 00:16:28.970 --> 00:16:28.980 align:start position:0% that you know the private key has money 00:16:28.980 --> 00:16:31.940 align:start position:0% that you know the private key has money and<00:16:29.220> then<00:16:29.579> you<00:16:30.000> can<00:16:30.029> like<00:16:30.360> just<00:16:30.390> use<00:16:31.079> use<00:16:31.260> as<00:16:31.589> if 00:16:31.940 --> 00:16:31.950 align:start position:0% and then you can like just use use as if 00:16:31.950 --> 00:16:34.610 align:start position:0% and then you can like just use use as if or<00:16:32.100> as<00:16:32.430> if<00:16:32.880> that<00:16:33.089> it<00:16:33.180> were<00:16:33.450> a<00:16:33.779> bill<00:16:34.079> of<00:16:34.290> foreign 00:16:34.610 --> 00:16:34.620 align:start position:0% or as if that it were a bill of foreign 00:16:34.620 --> 00:16:39.560 align:start position:0% or as if that it were a bill of foreign currency<00:16:34.980> and<00:16:35.390> then<00:16:36.390> open<00:16:37.010> we<00:16:38.010> have<00:16:38.300> we<00:16:39.300> want 00:16:39.560 --> 00:16:39.570 align:start position:0% currency and then open we have we want 00:16:39.570 --> 00:16:41.210 align:start position:0% currency and then open we have we want people<00:16:39.870> we<00:16:39.930> want<00:16:40.110> these<00:16:40.320> services<00:16:40.620> to<00:16:41.130> be 00:16:41.210 --> 00:16:41.220 align:start position:0% people we want these services to be 00:16:41.220 --> 00:16:42.680 align:start position:0% people we want these services to be accessible<00:16:41.520> to<00:16:41.610> everyone<00:16:41.700> in<00:16:42.060> practice<00:16:42.510> and 00:16:42.680 --> 00:16:42.690 align:start position:0% accessible to everyone in practice and 00:16:42.690 --> 00:16:44.990 align:start position:0% accessible to everyone in practice and not<00:16:42.720> just<00:16:43.020> in<00:16:43.170> theory<00:16:43.410> so<00:16:44.070> if<00:16:44.430> you<00:16:44.579> had<00:16:44.790> for 00:16:44.990 --> 00:16:45.000 align:start position:0% not just in theory so if you had for 00:16:45.000 --> 00:16:47.210 align:start position:0% not just in theory so if you had for example<00:16:45.029> I<00:16:45.300> USD<00:16:45.690> wallet<00:16:46.020> that<00:16:46.440> you<00:16:46.829> could<00:16:46.980> cash 00:16:47.210 --> 00:16:47.220 align:start position:0% example I USD wallet that you could cash 00:16:47.220 --> 00:16:49.579 align:start position:0% example I USD wallet that you could cash in<00:16:47.399> and<00:16:47.550> out<00:16:47.640> very<00:16:47.790> easily<00:16:48.290> that<00:16:49.290> doesn't 00:16:49.579 --> 00:16:49.589 align:start position:0% in and out very easily that doesn't 00:16:49.589 --> 00:16:53.060 align:start position:0% in and out very easily that doesn't exist<00:16:49.829> yet<00:16:50.480> and<00:16:51.480> USD<00:16:52.440> wallet<00:16:52.709> it<00:16:52.829> can<00:16:52.920> be<00:16:53.040> a 00:16:53.060 --> 00:16:53.070 align:start position:0% exist yet and USD wallet it can be a 00:16:53.070 --> 00:16:54.920 align:start position:0% exist yet and USD wallet it can be a stable<00:16:53.520> point<00:16:53.670> it<00:16:53.790> can<00:16:53.910> be<00:16:54.029> you<00:16:54.420> know<00:16:54.540> it 00:16:54.920 --> 00:16:54.930 align:start position:0% stable point it can be you know it 00:16:54.930 --> 00:16:56.870 align:start position:0% stable point it can be you know it doesn't<00:16:55.170> have<00:16:55.380> to<00:16:55.410> be<00:16:55.649> crypto<00:16:55.980> although<00:16:56.700> we 00:16:56.870 --> 00:16:56.880 align:start position:0% doesn't have to be crypto although we 00:16:56.880 --> 00:16:58.930 align:start position:0% doesn't have to be crypto although we would<00:16:57.029> very<00:16:57.270> much<00:16:57.390> prefer<00:16:57.540> if<00:16:58.170> it<00:16:58.470> were<00:16:58.589> right 00:16:58.930 --> 00:16:58.940 align:start position:0% would very much prefer if it were right 00:16:58.940 --> 00:17:01.010 align:start position:0% would very much prefer if it were right money<00:16:59.940> change<00:17:00.149> your<00:17:00.270> multiplier<00:17:00.630> so<00:17:00.870> we 00:17:01.010 --> 00:17:01.020 align:start position:0% money change your multiplier so we 00:17:01.020 --> 00:17:02.180 align:start position:0% money change your multiplier so we noticed<00:17:01.380> that<00:17:01.500> one<00:17:01.649> of<00:17:01.680> the<00:17:01.800> things<00:17:02.040> that 00:17:02.180 --> 00:17:02.190 align:start position:0% noticed that one of the things that 00:17:02.190 --> 00:17:03.800 align:start position:0% noticed that one of the things that people<00:17:02.250> do<00:17:02.550> to<00:17:02.579> earn<00:17:02.850> money<00:17:03.029> in<00:17:03.209> Venezuela<00:17:03.600> is 00:17:03.800 --> 00:17:03.810 align:start position:0% people do to earn money in Venezuela is 00:17:03.810 --> 00:17:07.100 align:start position:0% people do to earn money in Venezuela is to<00:17:04.020> be<00:17:04.230> money<00:17:05.189> changers<00:17:05.550> to<00:17:05.850> to<00:17:06.270> be<00:17:06.900> able<00:17:06.959> to 00:17:07.100 --> 00:17:07.110 align:start position:0% to be money changers to to be able to 00:17:07.110 --> 00:17:08.960 align:start position:0% to be money changers to to be able to exchange<00:17:07.290> money<00:17:07.740> from<00:17:08.250> one<00:17:08.490> system<00:17:08.760> to 00:17:08.960 --> 00:17:08.970 align:start position:0% exchange money from one system to 00:17:08.970 --> 00:17:10.340 align:start position:0% exchange money from one system to another<00:17:09.089> and<00:17:09.510> they<00:17:09.600> earn<00:17:09.990> some<00:17:10.230> money 00:17:10.340 --> 00:17:10.350 align:start position:0% another and they earn some money 00:17:10.350 --> 00:17:12.350 align:start position:0% another and they earn some money hopefully<00:17:10.980> in<00:17:11.069> the<00:17:11.160> in<00:17:11.309> the<00:17:11.400> good<00:17:11.550> currency<00:17:12.000> so 00:17:12.350 --> 00:17:12.360 align:start position:0% hopefully in the in the good currency so 00:17:12.360 --> 00:17:14.840 align:start position:0% hopefully in the in the good currency so what<00:17:12.569> if<00:17:12.660> we<00:17:12.870> trained<00:17:13.470> a<00:17:13.770> lot<00:17:13.980> of<00:17:14.040> people<00:17:14.309> to<00:17:14.490> to 00:17:14.840 --> 00:17:14.850 align:start position:0% what if we trained a lot of people to to 00:17:14.850 --> 00:17:16.870 align:start position:0% what if we trained a lot of people to to become<00:17:15.240> more<00:17:15.510> nodes<00:17:15.780> in<00:17:16.020> this<00:17:16.110> network<00:17:16.169> of 00:17:16.870 --> 00:17:16.880 align:start position:0% become more nodes in this network of 00:17:16.880 --> 00:17:19.130 align:start position:0% become more nodes in this network of money<00:17:17.880> changing<00:17:18.390> and<00:17:18.540> then<00:17:18.660> we<00:17:18.750> did<00:17:18.900> it<00:17:18.990> in<00:17:19.079> a 00:17:19.130 --> 00:17:19.140 align:start position:0% money changing and then we did it in a 00:17:19.140 --> 00:17:22.540 align:start position:0% money changing and then we did it in a way<00:17:19.290> that<00:17:19.530> was<00:17:19.709> safe<00:17:20.250> for<00:17:20.699> people<00:17:20.790> to<00:17:21.000> interact 00:17:22.540 --> 00:17:22.550 align:start position:0% way that was safe for people to interact 00:17:22.550 --> 00:17:24.710 align:start position:0% way that was safe for people to interact Universal<00:17:23.550> point-of-sale<00:17:23.939> system<00:17:24.329> so<00:17:24.540> if 00:17:24.710 --> 00:17:24.720 align:start position:0% Universal point-of-sale system so if 00:17:24.720 --> 00:17:27.490 align:start position:0% Universal point-of-sale system so if there<00:17:25.620> were<00:17:25.709> there<00:17:25.980> was<00:17:26.069> a<00:17:26.100> way<00:17:26.339> for<00:17:26.370> people<00:17:26.819> to 00:17:27.490 --> 00:17:27.500 align:start position:0% there were there was a way for people to 00:17:27.500 --> 00:17:32.120 align:start position:0% there were there was a way for people to pay<00:17:28.500> in<00:17:28.800> the<00:17:29.190> in<00:17:30.090> the<00:17:30.440> mechanism<00:17:31.440> of<00:17:31.530> payment 00:17:32.120 --> 00:17:32.130 align:start position:0% pay in the in the mechanism of payment 00:17:32.130 --> 00:17:34.280 align:start position:0% pay in the in the mechanism of payment that<00:17:32.250> is<00:17:32.400> required<00:17:32.910> of<00:17:33.120> them<00:17:33.300> and<00:17:33.510> for<00:17:34.020> example 00:17:34.280 --> 00:17:34.290 align:start position:0% that is required of them and for example 00:17:34.290 --> 00:17:36.510 align:start position:0% that is required of them and for example this<00:17:34.410> this<00:17:34.770> guy<00:17:35.040> that<00:17:35.370> had<00:17:35.580> to<00:17:35.700> pay<00:17:35.820> was<00:17:35.970> Elwood 00:17:36.510 --> 00:17:36.520 align:start position:0% this this guy that had to pay was Elwood 00:17:36.520 --> 00:17:39.060 align:start position:0% this this guy that had to pay was Elwood been<00:17:36.760> in<00:17:37.000> such<00:17:37.360> a<00:17:37.390> rush<00:17:37.540> to<00:17:37.930> find<00:17:38.170> the<00:17:38.920> way<00:17:39.010> to 00:17:39.060 --> 00:17:39.070 align:start position:0% been in such a rush to find the way to 00:17:39.070 --> 00:17:41.880 align:start position:0% been in such a rush to find the way to pay<00:17:39.280> because<00:17:40.020> there<00:17:41.020> could<00:17:41.110> be<00:17:41.170> a<00:17:41.260> way<00:17:41.500> for<00:17:41.740> him 00:17:41.880 --> 00:17:41.890 align:start position:0% pay because there could be a way for him 00:17:41.890 --> 00:17:44.730 align:start position:0% pay because there could be a way for him to<00:17:41.920> convert<00:17:42.900> you<00:17:43.900> know<00:17:43.990> if<00:17:44.110> he<00:17:44.230> had<00:17:44.350> those<00:17:44.560> in 00:17:44.730 --> 00:17:44.740 align:start position:0% to convert you know if he had those in 00:17:44.740 --> 00:17:46.650 align:start position:0% to convert you know if he had those in cash<00:17:44.890> there<00:17:45.640> could<00:17:45.760> be<00:17:45.790> a<00:17:45.880> way<00:17:46.060> for<00:17:46.330> example<00:17:46.360> to 00:17:46.650 --> 00:17:46.660 align:start position:0% cash there could be a way for example to 00:17:46.660 --> 00:17:49.740 align:start position:0% cash there could be a way for example to convert<00:17:47.020> to<00:17:47.260> other<00:17:47.530> currencies<00:17:47.830> and<00:17:48.280> then<00:17:49.180> if 00:17:49.740 --> 00:17:49.750 align:start position:0% convert to other currencies and then if 00:17:49.750 --> 00:17:52.290 align:start position:0% convert to other currencies and then if we<00:17:49.900> could<00:17:50.020> have<00:17:50.110> joined<00:17:50.290> crypto<00:17:50.680> accounts<00:17:51.300> if 00:17:52.290 --> 00:17:52.300 align:start position:0% we could have joined crypto accounts if 00:17:52.300 --> 00:17:54.390 align:start position:0% we could have joined crypto accounts if you<00:17:52.390> have<00:17:52.660> a<00:17:52.690> family<00:17:53.020> member<00:17:53.350> that<00:17:53.380> knows<00:17:54.070> a 00:17:54.390 --> 00:17:54.400 align:start position:0% you have a family member that knows a 00:17:54.400 --> 00:17:56.820 align:start position:0% you have a family member that knows a little<00:17:54.490> bit<00:17:54.610> more<00:17:54.700> about<00:17:55.120> crypto<00:17:55.480> and<00:17:55.750> is<00:17:56.620> in 00:17:56.820 --> 00:17:56.830 align:start position:0% little bit more about crypto and is in 00:17:56.830 --> 00:17:59.070 align:start position:0% little bit more about crypto and is in Colombia<00:17:57.220> for<00:17:57.250> example<00:17:57.810> you<00:17:58.810> wouldn't<00:17:59.020> even 00:17:59.070 --> 00:17:59.080 align:start position:0% Colombia for example you wouldn't even 00:17:59.080 --> 00:18:01.350 align:start position:0% Colombia for example you wouldn't even need<00:17:59.410> to<00:17:59.620> send<00:17:59.920> the<00:18:00.160> money<00:18:00.310> if<00:18:00.610> you<00:18:00.640> share<00:18:01.210> an 00:18:01.350 --> 00:18:01.360 align:start position:0% need to send the money if you share an 00:18:01.360 --> 00:18:03.450 align:start position:0% need to send the money if you share an account<00:18:01.600> and<00:18:01.960> you<00:18:01.990> could<00:18:02.650> load<00:18:02.860> it<00:18:02.980> up<00:18:03.100> in<00:18:03.310> one 00:18:03.450 --> 00:18:03.460 align:start position:0% account and you could load it up in one 00:18:03.460 --> 00:18:04.650 align:start position:0% account and you could load it up in one country<00:18:03.850> and<00:18:03.940> then<00:18:04.060> you<00:18:04.120> could<00:18:04.270> use<00:18:04.420> it<00:18:04.570> in 00:18:04.650 --> 00:18:04.660 align:start position:0% country and then you could use it in 00:18:04.660 --> 00:18:06.510 align:start position:0% country and then you could use it in another<00:18:04.840> and<00:18:05.170> that<00:18:05.350> could<00:18:05.710> be<00:18:05.830> interesting<00:18:06.430> as 00:18:06.510 --> 00:18:06.520 align:start position:0% another and that could be interesting as 00:18:06.520 --> 00:18:09.000 align:start position:0% another and that could be interesting as well<00:18:06.670> so<00:18:07.450> when<00:18:07.570> it<00:18:07.690> quickly<00:18:07.960> because<00:18:08.710> I<00:18:08.800> don't 00:18:09.000 --> 00:18:09.010 align:start position:0% well so when it quickly because I don't 00:18:09.010 --> 00:18:10.560 align:start position:0% well so when it quickly because I don't have<00:18:09.130> that<00:18:09.310> much<00:18:09.460> time<00:18:09.640> and<00:18:09.850> to<00:18:10.030> use<00:18:10.180> a<00:18:10.210> new 00:18:10.560 --> 00:18:10.570 align:start position:0% have that much time and to use a new 00:18:10.570 --> 00:18:12.210 align:start position:0% have that much time and to use a new crop<00:18:10.810> of<00:18:10.990> useful<00:18:11.290> products<00:18:11.650> that<00:18:11.800> we've<00:18:11.950> found 00:18:12.210 --> 00:18:12.220 align:start position:0% crop of useful products that we've found 00:18:12.220 --> 00:18:15.000 align:start position:0% crop of useful products that we've found since<00:18:13.060> we<00:18:13.240> did<00:18:13.990> this<00:18:14.110> research<00:18:14.470> so<00:18:14.650> coin<00:18:14.890> is 00:18:15.000 --> 00:18:15.010 align:start position:0% since we did this research so coin is 00:18:15.010 --> 00:18:16.500 align:start position:0% since we did this research so coin is just<00:18:15.190> released<00:18:15.460> their<00:18:15.670> wallet<00:18:16.150> the<00:18:16.300> light 00:18:16.500 --> 00:18:16.510 align:start position:0% just released their wallet the light 00:18:16.510 --> 00:18:18.210 align:start position:0% just released their wallet the light version<00:18:16.750> of<00:18:16.810> the<00:18:16.930> wallet<00:18:17.170> and<00:18:17.290> give<00:18:17.710> crypto<00:18:18.100> is 00:18:18.210 --> 00:18:18.220 align:start position:0% version of the wallet and give crypto is 00:18:18.220 --> 00:18:21.390 align:start position:0% version of the wallet and give crypto is actually<00:18:18.520> giving<00:18:18.910> out<00:18:19.980> cryptocurrency<00:18:20.980> to 00:18:21.390 --> 00:18:21.400 align:start position:0% actually giving out cryptocurrency to 00:18:21.400 --> 00:18:22.350 align:start position:0% actually giving out cryptocurrency to people<00:18:21.670> that<00:18:21.820> don't<00:18:22.090> need<00:18:22.180> it 00:18:22.350 --> 00:18:22.360 align:start position:0% people that don't need it 00:18:22.360 --> 00:18:24.300 align:start position:0% people that don't need it and<00:18:22.540> they're<00:18:23.470> running<00:18:23.710> some<00:18:23.890> pilot<00:18:24.190> programs 00:18:24.300 --> 00:18:24.310 align:start position:0% and they're running some pilot programs 00:18:24.310 --> 00:18:27.450 align:start position:0% and they're running some pilot programs or<00:18:24.610> just<00:18:24.760> interesting<00:18:25.320> there<00:18:26.320> is<00:18:26.470> a<00:18:26.800> new 00:18:27.450 --> 00:18:27.460 align:start position:0% or just interesting there is a new 00:18:27.460 --> 00:18:30.390 align:start position:0% or just interesting there is a new framework<00:18:27.880> for<00:18:28.770> open<00:18:29.770> source<00:18:29.890> wallets<00:18:30.280> that 00:18:30.390 --> 00:18:30.400 align:start position:0% framework for open source wallets that 00:18:30.400 --> 00:18:32.400 align:start position:0% framework for open source wallets that are<00:18:30.550> running<00:18:30.970> on<00:18:31.120> all<00:18:31.690> low<00:18:32.020> versions<00:18:32.320> of 00:18:32.400 --> 00:18:32.410 align:start position:0% are running on all low versions of 00:18:32.410 --> 00:18:34.470 align:start position:0% are running on all low versions of Android<00:18:32.650> which<00:18:32.800> was<00:18:32.950> not<00:18:33.640> like<00:18:34.000> this<00:18:34.210> didn't 00:18:34.470 --> 00:18:34.480 align:start position:0% Android which was not like this didn't 00:18:34.480 --> 00:18:37.560 align:start position:0% Android which was not like this didn't exist<00:18:34.720> before<00:18:35.130> and<00:18:36.130> this<00:18:36.820> is<00:18:36.880> like<00:18:36.970> oh<00:18:37.270> now 00:18:37.560 --> 00:18:37.570 align:start position:0% exist before and this is like oh now 00:18:37.570 --> 00:18:39.270 align:start position:0% exist before and this is like oh now open-source<00:18:38.020> I'm<00:18:38.110> going<00:18:38.230> to<00:18:38.320> present<00:18:38.650> this<00:18:38.950> in 00:18:39.270 --> 00:18:39.280 align:start position:0% open-source I'm going to present this in 00:18:39.280 --> 00:18:43.110 align:start position:0% open-source I'm going to present this in room<00:18:39.940> D<00:18:40.120> in<00:18:40.360> a<00:18:40.450> few<00:18:40.660> minutes<00:18:40.900> as<00:18:41.050> well<00:18:42.120> there's 00:18:43.110 --> 00:18:43.120 align:start position:0% room D in a few minutes as well there's 00:18:43.120 --> 00:18:44.760 align:start position:0% room D in a few minutes as well there's a<00:18:43.450> committee<00:18:43.720> called<00:18:43.870> reserve<00:18:44.350> that's 00:18:44.760 --> 00:18:44.770 align:start position:0% a committee called reserve that's 00:18:44.770 --> 00:18:47.660 align:start position:0% a committee called reserve that's actually<00:18:45.040> allowing<00:18:45.310> people<00:18:45.520> to<00:18:45.820> buy<00:18:46.660> and<00:18:47.080> sell 00:18:47.660 --> 00:18:47.670 align:start position:0% actually allowing people to buy and sell 00:18:47.670 --> 00:18:50.430 align:start position:0% actually allowing people to buy and sell dollars<00:18:48.670> digital<00:18:48.970> dollars<00:18:49.300> and<00:18:49.570> they<00:18:49.810> have<00:18:50.080> a 00:18:50.430 --> 00:18:50.440 align:start position:0% dollars digital dollars and they have a 00:18:50.440 --> 00:18:53.220 align:start position:0% dollars digital dollars and they have a stable<00:18:50.950> coin<00:18:51.100> so<00:18:52.030> they<00:18:52.210> are<00:18:52.810> allowing<00:18:53.110> people 00:18:53.220 --> 00:18:53.230 align:start position:0% stable coin so they are allowing people 00:18:53.230 --> 00:18:55.650 align:start position:0% stable coin so they are allowing people to<00:18:53.470> do<00:18:53.740> that<00:18:53.920> with<00:18:54.280> their<00:18:54.490> bank<00:18:54.730> accounts<00:18:55.150> in 00:18:55.650 --> 00:18:55.660 align:start position:0% to do that with their bank accounts in 00:18:55.660 --> 00:18:56.850 align:start position:0% to do that with their bank accounts in minutes<00:18:55.930> whele<00:18:56.080> and<00:18:56.230> they<00:18:56.500> have<00:18:56.650> a<00:18:56.680> very 00:18:56.850 --> 00:18:56.860 align:start position:0% minutes whele and they have a very 00:18:56.860 --> 00:18:58.530 align:start position:0% minutes whele and they have a very seamless<00:18:57.370> and<00:18:57.400> very<00:18:57.700> easy<00:18:57.850> to<00:18:58.390> use 00:18:58.530 --> 00:18:58.540 align:start position:0% seamless and very easy to use 00:18:58.540 --> 00:19:00.510 align:start position:0% seamless and very easy to use application<00:18:58.840> for<00:18:59.380> that<00:18:59.440> but<00:18:59.650> this<00:18:59.740> it's<00:19:00.250> great 00:19:00.510 --> 00:19:00.520 align:start position:0% application for that but this it's great 00:19:00.520 --> 00:19:02.520 align:start position:0% application for that but this it's great and<00:19:00.820> then<00:19:01.420> there's<00:19:01.570> a<00:19:01.690> company<00:19:01.900> called<00:19:01.990> value 00:19:02.520 --> 00:19:02.530 align:start position:0% and then there's a company called value 00:19:02.530 --> 00:19:04.320 align:start position:0% and then there's a company called value that's<00:19:03.040> a<00:19:03.250> lot<00:19:03.400> of<00:19:03.460> people<00:19:03.670> send<00:19:03.880> money<00:19:04.090> from 00:19:04.320 --> 00:19:04.330 align:start position:0% that's a lot of people send money from 00:19:04.330 --> 00:19:05.490 align:start position:0% that's a lot of people send money from Colombia<00:19:04.750> to<00:19:04.810> Venezuela<00:19:05.260> and<00:19:05.350> there's 00:19:05.490 --> 00:19:05.500 align:start position:0% Colombia to Venezuela and there's 00:19:05.500 --> 00:19:06.960 align:start position:0% Colombia to Venezuela and there's something<00:19:05.680> a<00:19:05.740> huge<00:19:05.920> problem<00:19:06.310> for<00:19:06.490> the<00:19:06.550> 1.5 00:19:06.960 --> 00:19:06.970 align:start position:0% something a huge problem for the 1.5 00:19:06.970 --> 00:19:09.500 align:start position:0% something a huge problem for the 1.5 million<00:19:07.350> migrants<00:19:08.350> that<00:19:08.410> are<00:19:08.530> in<00:19:08.650> Colombia 00:19:09.500 --> 00:19:09.510 align:start position:0% million migrants that are in Colombia 00:19:09.510 --> 00:19:14.510 align:start position:0% million migrants that are in Colombia and<00:19:11.160> perhaps<00:19:12.160> they<00:19:12.700> could<00:19:12.760> integrate<00:19:13.230> some 00:19:14.510 --> 00:19:14.520 align:start position:0% and perhaps they could integrate some 00:19:14.520 --> 00:19:17.400 align:start position:0% and perhaps they could integrate some some<00:19:15.520> of<00:19:15.610> these<00:19:15.730> ideas<00:19:16.090> too<00:19:16.930> for<00:19:17.080> example 00:19:17.400 --> 00:19:17.410 align:start position:0% some of these ideas too for example 00:19:17.410 --> 00:19:18.780 align:start position:0% some of these ideas too for example instead<00:19:17.650> of<00:19:17.740> sending<00:19:17.920> the<00:19:18.100> money<00:19:18.220> to<00:19:18.460> bank 00:19:18.780 --> 00:19:18.790 align:start position:0% instead of sending the money to bank 00:19:18.790 --> 00:19:20.190 align:start position:0% instead of sending the money to bank everyone<00:19:19.060> in<00:19:19.150> Venezuela<00:19:19.600> they<00:19:19.870> could<00:19:20.020> send 00:19:20.190 --> 00:19:20.200 align:start position:0% everyone in Venezuela they could send 00:19:20.200 --> 00:19:22.050 align:start position:0% everyone in Venezuela they could send the<00:19:20.260> money<00:19:20.410> to<00:19:20.500> a<00:19:20.620> wallet<00:19:21.130> and<00:19:21.280> it<00:19:21.610> would<00:19:21.820> stay 00:19:22.050 --> 00:19:22.060 align:start position:0% the money to a wallet and it would stay 00:19:22.060 --> 00:19:24.840 align:start position:0% the money to a wallet and it would stay in<00:19:22.090> dollars<00:19:22.590> that<00:19:23.590> would<00:19:23.680> be<00:19:23.740> super<00:19:24.580> cool<00:19:24.700> as 00:19:24.840 --> 00:19:24.850 align:start position:0% in dollars that would be super cool as 00:19:24.850 --> 00:19:27.150 align:start position:0% in dollars that would be super cool as well<00:19:25.030> so<00:19:25.660> some<00:19:26.050> quick<00:19:26.200> takeaways<00:19:26.770> for 00:19:27.150 --> 00:19:27.160 align:start position:0% well so some quick takeaways for 00:19:27.160 --> 00:19:30.240 align:start position:0% well so some quick takeaways for builders<00:19:27.460> I<00:19:28.360> want<00:19:29.020> us<00:19:29.110> to<00:19:29.230> focus<00:19:29.380> on<00:19:29.770> what<00:19:30.130> is 00:19:30.240 --> 00:19:30.250 align:start position:0% builders I want us to focus on what is 00:19:30.250 --> 00:19:32.070 align:start position:0% builders I want us to focus on what is useful<00:19:30.700> because<00:19:30.880> there's<00:19:31.390> a<00:19:31.480> lot<00:19:31.630> of<00:19:31.720> focus<00:19:31.900> on 00:19:32.070 --> 00:19:32.080 align:start position:0% useful because there's a lot of focus on 00:19:32.080 --> 00:19:33.480 align:start position:0% useful because there's a lot of focus on what<00:19:32.140> is<00:19:32.320> usable<00:19:32.770> and<00:19:32.800> usability<00:19:33.130> it's<00:19:33.430> a 00:19:33.480 --> 00:19:33.490 align:start position:0% what is usable and usability it's a 00:19:33.490 --> 00:19:35.310 align:start position:0% what is usable and usability it's a great<00:19:33.730> it's<00:19:34.000> great<00:19:34.600> conversation<00:19:35.080> to<00:19:35.170> have 00:19:35.310 --> 00:19:35.320 align:start position:0% great it's great conversation to have 00:19:35.320 --> 00:19:36.810 align:start position:0% great it's great conversation to have that<00:19:35.440> you<00:19:35.500> excited<00:19:35.860> it's<00:19:35.950> the<00:19:36.280> design<00:19:36.580> track 00:19:36.810 --> 00:19:36.820 align:start position:0% that you excited it's the design track 00:19:36.820 --> 00:19:39.540 align:start position:0% that you excited it's the design track it's<00:19:37.030> all<00:19:37.240> cool<00:19:37.570> but<00:19:38.110> I<00:19:38.170> want<00:19:38.440> us<00:19:38.950> to<00:19:39.100> focus<00:19:39.250> on 00:19:39.540 --> 00:19:39.550 align:start position:0% it's all cool but I want us to focus on 00:19:39.550 --> 00:19:41.040 align:start position:0% it's all cool but I want us to focus on you<00:19:39.790> know<00:19:39.880> things<00:19:40.150> that<00:19:40.210> are<00:19:40.330> actually<00:19:40.540> very 00:19:41.040 --> 00:19:41.050 align:start position:0% you know things that are actually very 00:19:41.050 --> 00:19:44.100 align:start position:0% you know things that are actually very very<00:19:41.290> useful<00:19:41.500> rather<00:19:41.980> than<00:19:42.250> just<00:19:42.490> useable<00:19:43.110> and 00:19:44.100 --> 00:19:44.110 align:start position:0% very useful rather than just useable and 00:19:44.110 --> 00:19:45.960 align:start position:0% very useful rather than just useable and then<00:19:44.350> I<00:19:44.380> would<00:19:44.560> challenge<00:19:44.860> you<00:19:45.310> know<00:19:45.430> that<00:19:45.610> the 00:19:45.960 --> 00:19:45.970 align:start position:0% then I would challenge you know that the 00:19:45.970 --> 00:19:47.820 align:start position:0% then I would challenge you know that the idea<00:19:46.600> that<00:19:46.690> we<00:19:46.900> all<00:19:47.020> need<00:19:47.350> to<00:19:47.440> work<00:19:47.590> toward 00:19:47.820 --> 00:19:47.830 align:start position:0% idea that we all need to work toward 00:19:47.830 --> 00:19:49.669 align:start position:0% idea that we all need to work toward master 00:19:49.669 --> 00:19:49.679 align:start position:0% master 00:19:49.679 --> 00:19:51.979 align:start position:0% master and<00:19:49.979> I<00:19:50.159> would<00:19:50.340> push<00:19:50.549> us<00:19:50.729> to<00:19:50.999> go<00:19:51.450> and<00:19:51.779> work<00:19:51.960> for 00:19:51.979 --> 00:19:51.989 align:start position:0% and I would push us to go and work for 00:19:51.989 --> 00:19:53.810 align:start position:0% and I would push us to go and work for products<00:19:52.499> that<00:19:52.529> some<00:19:53.070> people<00:19:53.369> really<00:19:53.609> really 00:19:53.810 --> 00:19:53.820 align:start position:0% products that some people really really 00:19:53.820 --> 00:19:55.759 align:start position:0% products that some people really really need<00:19:54.029> and<00:19:54.239> it's<00:19:54.330> easier<00:19:54.659> to<00:19:54.809> focus<00:19:54.989> you<00:19:55.649> know 00:19:55.759 --> 00:19:55.769 align:start position:0% need and it's easier to focus you know 00:19:55.769 --> 00:19:58.009 align:start position:0% need and it's easier to focus you know in<00:19:55.950> you<00:19:56.700> know<00:19:56.820> solving<00:19:57.299> a<00:19:57.359> local<00:19:57.659> problem 00:19:58.009 --> 00:19:58.019 align:start position:0% in you know solving a local problem 00:19:58.019 --> 00:20:02.210 align:start position:0% in you know solving a local problem a<00:19:58.049> smaller<00:19:58.590> problem<00:19:59.629> and<00:20:00.629> I<00:20:01.259> want<00:20:01.590> to<00:20:01.679> just<00:20:01.830> I 00:20:02.210 --> 00:20:02.220 align:start position:0% a smaller problem and I want to just I 00:20:02.220 --> 00:20:04.460 align:start position:0% a smaller problem and I want to just I want<00:20:02.609> to<00:20:02.700> think<00:20:03.389> where<00:20:03.629> is<00:20:03.749> money<00:20:03.929> restricted 00:20:04.460 --> 00:20:04.470 align:start position:0% want to think where is money restricted 00:20:04.470 --> 00:20:06.320 align:start position:0% want to think where is money restricted where<00:20:04.679> are<00:20:04.739> other<00:20:04.830> places<00:20:05.249> where<00:20:05.700> we<00:20:06.029> could 00:20:06.320 --> 00:20:06.330 align:start position:0% where are other places where we could 00:20:06.330 --> 00:20:08.629 align:start position:0% where are other places where we could conduct<00:20:06.509> this<00:20:06.749> research<00:20:06.960> and<00:20:07.440> we<00:20:08.309> could<00:20:08.460> get 00:20:08.629 --> 00:20:08.639 align:start position:0% conduct this research and we could get 00:20:08.639 --> 00:20:11.839 align:start position:0% conduct this research and we could get you<00:20:09.570> know<00:20:09.739> inspiring<00:20:10.739> results<00:20:11.429> and<00:20:11.549> inspiring 00:20:11.839 --> 00:20:11.849 align:start position:0% you know inspiring results and inspiring 00:20:11.849 --> 00:20:14.899 align:start position:0% you know inspiring results and inspiring new<00:20:12.179> products<00:20:13.009> so<00:20:14.009> thank<00:20:14.309> you<00:20:14.399> these<00:20:14.639> are<00:20:14.789> our 00:20:14.899 --> 00:20:14.909 align:start position:0% new products so thank you these are our 00:20:14.909 --> 00:20:18.140 align:start position:0% new products so thank you these are our sponsors<00:20:15.059> and<00:20:15.599> please<00:20:16.559> follow<00:20:16.710> us<00:20:16.919> on<00:20:17.009> Twitter 00:20:18.140 --> 00:20:18.150 align:start position:0% sponsors and please follow us on Twitter 00:20:18.150 --> 00:20:27.010 align:start position:0% sponsors and please follow us on Twitter [Applause] 00:20:27.010 --> 00:20:27.020 align:start position:0% 00:20:27.020 --> 00:20:29.080 align:start position:0% you