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Language: en

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[Applause]

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Ramon<00:00:13.219><c> each</c><00:00:13.690><c> linear</c><00:00:14.690><c> I'm</c><00:00:15.620><c> really</c><00:00:16.129><c> glad</c><00:00:16.279><c> to</c>

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Ramon each linear I'm really glad to
 

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Ramon each linear I'm really glad to
have<00:00:16.880><c> a</c><00:00:16.939><c> legend</c><00:00:17.480><c> as</c><00:00:17.930><c> their</c><00:00:18.289><c> profile</c><00:00:23.590><c> I'm</c><00:00:24.590><c> sorry</c>

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have a legend as their profile I'm sorry
 

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have a legend as their profile I'm sorry
Tommy

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Tommy
 

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Tommy
a<00:00:25.849><c> Japanese</c><00:00:26.630><c> high</c><00:00:26.899><c> school</c><00:00:27.200><c> student</c><00:00:27.649><c> and</c><00:00:27.890><c> the</c>

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a Japanese high school student and the
 

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a Japanese high school student and the
budget<00:00:28.610><c> protocol</c><00:00:29.119><c> Daniel</c><00:00:29.890><c> so</c><00:00:30.890><c> today</c><00:00:31.390><c> I'd</c><00:00:32.390><c> like</c>

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budget protocol Daniel so today I'd like
 

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budget protocol Daniel so today I'd like
to<00:00:32.780><c> introduce</c><00:00:33.260><c> a</c><00:00:34.070><c> new</c><00:00:34.340><c> protocol</c><00:00:34.880><c> to</c><00:00:35.210><c> share</c><00:00:35.480><c> the</c>

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to introduce a new protocol to share the
 

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to introduce a new protocol to share the
villages<00:00:36.200><c> and</c><00:00:36.350><c> that</c><00:00:36.590><c> they</c><00:00:36.920><c> are</c><00:00:37.100><c> one</c><00:00:37.340><c> projects</c>

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villages and that they are one projects
 

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villages and that they are one projects
maybe<00:00:38.930><c> you</c><00:00:39.260><c> have</c><00:00:39.469><c> already</c><00:00:39.710><c> known</c><00:00:40.219><c> what</c><00:00:40.430><c> about</c>

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maybe you have already known what about
 

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maybe you have already known what about
a<00:00:41.059><c> church</c><00:00:41.930><c> and</c><00:00:42.290><c> dependable</c><00:00:43.010><c> it's</c><00:00:43.250><c> pellet</c><00:00:44.649><c> that</c>

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a church and dependable it's pellet that
 

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a church and dependable it's pellet that
where<00:00:45.980><c> your</c><00:00:46.100><c> world</c><00:00:46.309><c> watch</c><00:00:46.579><c> chains</c><00:00:46.879><c> such</c><00:00:47.329><c> as</c>

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where your world watch chains such as
 

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where your world watch chains such as
Bitcoin<00:00:48.140><c> and</c><00:00:48.739><c> Italian</c><00:00:49.460><c> have</c><00:00:49.820><c> equivalent</c>

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Bitcoin and Italian have equivalent
 

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Bitcoin and Italian have equivalent
vegetables<00:00:51.199><c> it</c><00:00:52.039><c> can't</c><00:00:52.339><c> use</c><00:00:52.579><c> the</c><00:00:52.820><c> existing</c>

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vegetables it can't use the existing
 

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vegetables it can't use the existing
protocols<00:00:54.070><c> so</c><00:00:55.070><c> I</c><00:00:55.339><c> designed</c><00:00:55.699><c> a</c><00:00:56.059><c> new</c><00:00:56.239><c> way</c><00:00:56.420><c> in</c>

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protocols so I designed a new way in
 

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protocols so I designed a new way in
this<00:00:57.710><c> protocol</c><00:00:58.159><c> a</c><00:00:58.429><c> chair</c><00:00:59.120><c> which</c><00:00:59.390><c> a</c><00:01:00.850><c> chair</c>

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this protocol a chair which a chair
 

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this protocol a chair which a chair
which<00:01:02.149><c> impulsivity</c><00:01:02.920><c> that</c><00:01:03.920><c> doesn't</c><00:01:04.670><c> need</c><00:01:04.790><c> to</c>

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which impulsivity that doesn't need to
 

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which impulsivity that doesn't need to
depend<00:01:05.449><c> on</c><00:01:05.630><c> other</c><00:01:05.960><c> genes</c><00:01:06.320><c> and</c><00:01:06.650><c> chain</c><00:01:07.610><c> which</c>

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depend on other genes and chain which
 

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depend on other genes and chain which
exposed<00:01:08.450><c> to</c><00:01:08.659><c> it</c><00:01:09.170><c> is</c><00:01:09.380><c> false</c><00:01:09.650><c> killing</c><00:01:10.070><c> it</c>

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exposed to it is false killing it
 

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exposed to it is false killing it
doesn't<00:01:10.880><c> need</c><00:01:11.090><c> to</c><00:01:11.330><c> be</c><00:01:11.360><c> changed</c>

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the<00:01:15.400><c> name</c><00:01:15.610><c> of</c><00:01:15.790><c> the</c><00:01:15.940><c> total</c><00:01:16.420><c> is</c><00:01:16.920><c> group</c><00:01:17.920><c> of</c><00:01:18.130><c> units</c>

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the name of the total is group of units
 

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the name of the total is group of units
it's<00:01:19.540><c> a</c><00:01:19.690><c> kind</c><00:01:19.990><c> of</c><00:01:20.110><c> civil</c><00:01:20.650><c> control</c><00:01:21.010><c> mechanisms</c>

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it's a kind of civil control mechanisms
 

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it's a kind of civil control mechanisms
like<00:01:22.180><c> to</c><00:01:22.630><c> work</c><00:01:23.050><c> for</c><00:01:23.530><c> total</c><00:01:23.920><c> stake</c><00:01:24.360><c> it</c><00:01:25.360><c> can</c>

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like to work for total stake it can
 

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like to work for total stake it can
integrate<00:01:26.500><c> with</c><00:01:26.710><c> mountain</c><00:01:27.340><c> villages</c>

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integrate with mountain villages
 

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integrate with mountain villages
abstract<00:01:29.410><c> retreating</c><00:01:30.100><c> and</c><00:01:30.310><c> elements</c><00:01:30.820><c> such</c><00:01:31.210><c> as</c>

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abstract retreating and elements such as
 

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abstract retreating and elements such as
the<00:01:31.630><c> password</c><00:01:32.020><c> or</c><00:01:32.560><c> second</c><00:01:33.160><c> talking</c><00:01:33.460><c> unit</c>

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the password or second talking unit
 

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the password or second talking unit
summing<00:01:35.500><c> up</c><00:01:35.650><c> cost</c><00:01:36.040><c> shield</c><00:01:36.730><c> to</c><00:01:37.060><c> police</c><00:01:37.450><c> box</c>

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summing up cost shield to police box
 

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summing up cost shield to police box
thanks<00:01:40.750><c> to</c><00:01:40.990><c> an</c><00:01:41.110><c> abstract</c><00:01:41.770><c> model</c><00:01:42.010><c> of</c><00:01:42.460><c> civil</c>

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thanks to an abstract model of civil
 

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thanks to an abstract model of civil
control<00:01:43.240><c> agreements</c><00:01:44.700><c> this</c><00:01:45.700><c> has</c><00:01:45.910><c> some</c>

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control agreements this has some
 

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control agreements this has some
abstract<00:01:46.870><c> variables</c><00:01:47.530><c> and</c><00:01:47.770><c> functions</c><00:01:48.070><c> to</c>

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abstract variables and functions to
 

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abstract variables and functions to
listen<00:01:51.430><c> to</c><00:01:51.670><c> describe</c><00:01:52.120><c> civil</c><00:01:52.690><c> control</c>

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listen to describe civil control
 

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listen to describe civil control
mechanisms<00:01:54.240><c> for</c><00:01:55.240><c> example</c><00:01:55.780><c> to</c><00:01:56.110><c> describe</c><00:01:56.260><c> proof</c>

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mechanisms for example to describe proof
 

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mechanisms for example to describe proof
of<00:01:57.100><c> work</c><00:01:57.420><c> just</c><00:01:58.420><c> began</c><00:01:58.870><c> the</c><00:01:59.080><c> Tilden</c><00:01:59.560><c> of</c><00:01:59.920><c> a</c><00:02:00.160><c> niche</c>

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of work just began the Tilden of a niche
 

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of work just began the Tilden of a niche
product<00:02:01.390><c> began</c><00:02:01.990><c> August</c><00:02:02.470><c> as</c><00:02:03.010><c> -</c><00:02:03.660><c> what</c><00:02:04.660><c> can</c><00:02:05.140><c> body</c>

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product began August as - what can body
 

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product began August as - what can body
and<00:02:05.970><c> terrified</c><00:02:06.970><c> and</c><00:02:07.450><c> confronting</c><00:02:08.260><c> with</c><00:02:08.470><c> the</c>

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and terrified and confronting with the
 

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and terrified and confronting with the
fascist<00:02:09.250><c> Western</c><00:02:09.670><c> targets</c><00:02:10.740><c> and</c><00:02:11.820><c> also</c><00:02:12.930><c> their</c>

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fascist Western targets and also their
 

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fascist Western targets and also their
to<00:02:14.260><c> combine</c><00:02:14.680><c> bounty</c><00:02:15.340><c> mechanisms</c><00:02:16.230><c> the</c><00:02:17.230><c> most</c>

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to combine bounty mechanisms the most
 

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to combine bounty mechanisms the most
important<00:02:18.130><c> value</c><00:02:18.520><c> in</c><00:02:18.940><c> this</c><00:02:19.120><c> model</c><00:02:19.480><c> it</c><00:02:19.750><c> units</c>

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important value in this model it units
 

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important value in this model it units
any<00:02:21.250><c> kind</c><00:02:21.820><c> of</c><00:02:22.030><c> products</c><00:02:22.540><c> are</c><00:02:22.660><c> transformed</c>

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any kind of products are transformed
 

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any kind of products are transformed
into<00:02:23.739><c> units</c><00:02:24.280><c> and</c><00:02:24.519><c> they</c><00:02:25.390><c> are</c><00:02:25.450><c> used</c><00:02:25.840><c> as</c><00:02:26.110><c> both</c>

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into units and they are used as both
 

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into units and they are used as both
power<00:02:26.920><c> in</c><00:02:27.280><c> the</c><00:02:27.400><c> contents</c><00:02:27.940><c> as</c><00:02:28.090><c> algae</c><00:02:28.830><c> so</c><00:02:29.830><c> it</c><00:02:30.130><c> can</c>

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power in the contents as algae so it can
 

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power in the contents as algae so it can
innovate<00:02:30.970><c> bounty</c><00:02:31.720><c> business</c><00:02:32.640><c> however</c><00:02:33.640><c> if</c><00:02:34.600><c> one</c>

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innovate bounty business however if one
 

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innovate bounty business however if one
unit<00:02:35.260><c> is</c><00:02:35.440><c> joined</c><00:02:35.830><c> it</c><00:02:36.130><c> from</c><00:02:36.430><c> one</c><00:02:36.730><c> product</c>

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unit is joined it from one product
 

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unit is joined it from one product
attackers<00:02:39.220><c> can</c><00:02:39.489><c> have</c><00:02:39.790><c> attacker</c><00:02:40.330><c> can</c><00:02:40.750><c> get</c><00:02:41.140><c> the</c>

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attackers can have attacker can get the
 

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attackers can have attacker can get the
majority<00:02:41.680><c> of</c><00:02:42.040><c> units</c><00:02:42.640><c> but</c><00:02:43.030><c> performing</c><00:02:43.600><c> the</c>

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majority of units but performing the
 

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majority of units but performing the
easy<00:02:43.989><c> task</c><00:02:44.380><c> with</c><00:02:44.709><c> small</c><00:02:45.130><c> cost</c><00:02:45.750><c> it</c><00:02:46.750><c> has</c><00:02:47.019><c> a</c>

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easy task with small cost it has a
 

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easy task with small cost it has a
problem<00:02:47.500><c> from</c><00:02:47.950><c> the</c><00:02:48.130><c> viewpoint</c><00:02:48.580><c> of</c><00:02:48.760><c> security</c>

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problem from the viewpoint of security
 

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problem from the viewpoint of security
so<00:02:50.830><c> it</c><00:02:51.250><c> adjusts</c><00:02:51.880><c> the</c><00:02:52.030><c> amount</c><00:02:52.090><c> of</c><00:02:52.450><c> giant</c><00:02:53.050><c> units</c>

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so it adjusts the amount of giant units
 

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so it adjusts the amount of giant units
to<00:02:56.140><c> explain</c><00:02:56.560><c> with</c><00:02:56.890><c> adjustment</c><00:02:57.640><c> system</c>

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to explain with adjustment system
 

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to explain with adjustment system
I<00:02:58.330><c> also</c><00:02:59.110><c> defined</c><00:02:59.709><c> two</c><00:03:00.280><c> variables</c><00:03:00.850><c> a</c><00:03:01.060><c> best</c><00:03:01.900><c> ask</c>

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I also defined two variables a best ask
 

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I also defined two variables a best ask
it's<00:03:02.950><c> best</c><00:03:03.280><c> cost</c><00:03:03.579><c> and</c><00:03:04.269><c> one</c><00:03:04.629><c> function</c><00:03:05.200><c> to</c>

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it's best cost and one function to
 

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it's best cost and one function to
compute<00:03:06.099><c> the</c><00:03:06.400><c> value</c><00:03:06.760><c> of</c><00:03:06.790><c> units</c><00:03:07.540><c> and</c><00:03:07.689><c> products</c>

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compute the value of units and products
 

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compute the value of units and products
this<00:03:11.290><c> is</c><00:03:11.500><c> the</c><00:03:11.620><c> medical</c><00:03:12.280><c> equation</c><00:03:13.030><c> to</c><00:03:13.629><c> adjust</c>

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this is the medical equation to adjust
 

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this is the medical equation to adjust
the<00:03:14.260><c> mass</c><00:03:14.470><c> it</c><00:03:15.430><c> means</c><00:03:15.760><c> when</c><00:03:16.540><c> you</c><00:03:16.629><c> consume</c><00:03:17.079><c> the</c>

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the mass it means when you consume the
 

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the mass it means when you consume the
cost<00:03:17.530><c> is</c><00:03:17.799><c> X</c><00:03:18.099><c> time</c><00:03:18.400><c> and</c><00:03:18.730><c> as</c><00:03:18.939><c> you</c><00:03:19.120><c> imagine</c><00:03:19.900><c> the</c>

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cost is X time and as you imagine the
 

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cost is X time and as you imagine the
excess<00:03:20.799><c> best</c><00:03:21.609><c> cost</c><00:03:21.909><c> X</c><00:03:22.420><c> unit</c><00:03:23.019><c> agility</c><00:03:23.769><c> product</c>

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excess best cost X unit agility product
 

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excess best cost X unit agility product
if<00:03:25.390><c> you</c><00:03:25.629><c> until</c><00:03:25.959><c> the</c><00:03:26.290><c> equivalent</c><00:03:26.829><c> amount</c><00:03:27.189><c> of</c>

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if you until the equivalent amount of
 

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if you until the equivalent amount of
course<00:03:28.209><c> has</c><00:03:28.540><c> to</c><00:03:28.720><c> be</c><00:03:28.870><c> consumed</c><00:03:29.409><c> to</c><00:03:29.920><c> generate</c>

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course has to be consumed to generate
 

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course has to be consumed to generate
the<00:03:30.579><c> equivalent</c><00:03:30.730><c> amount</c><00:03:31.420><c> of</c><00:03:31.540><c> units</c><00:03:32.079><c> no</c><00:03:32.560><c> matter</c>

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the equivalent amount of units no matter
 

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the equivalent amount of units no matter
which<00:03:33.220><c> tasks</c><00:03:33.519><c> involved</c><00:03:34.739><c> in</c><00:03:35.909><c> this</c><00:03:36.909><c> way</c><00:03:37.120><c> so</c>

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which tasks involved in this way so
 

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which tasks involved in this way so
community<00:03:38.170><c> describes</c><00:03:38.739><c> civil</c><00:03:39.310><c> control</c>

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community describes civil control
 

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community describes civil control
mechanisms<00:03:40.359><c> abstractly</c><00:03:41.230><c> and</c><00:03:41.730><c> integrates</c>

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mechanisms abstractly and integrates
 

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mechanisms abstractly and integrates
them<00:03:42.970><c> securely</c><00:03:43.920><c> then</c><00:03:45.480><c> integrating</c><00:03:46.480><c> the</c>

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them securely then integrating the
 

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them securely then integrating the
mechanisms<00:03:47.260><c> of</c><00:03:47.500><c> external</c><00:03:48.310><c> change</c><00:03:48.579><c> if</c><00:03:49.420><c> you</c><00:03:49.720><c> sum</c>

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mechanisms of external change if you sum
 

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mechanisms of external change if you sum
up<00:03:50.019><c> the</c><00:03:50.409><c> consumer</c><00:03:51.099><c> costs</c><00:03:51.430><c> and</c><00:03:51.760><c> increase</c><00:03:52.480><c> the</c>

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up the consumer costs and increase the
 

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up the consumer costs and increase the
total<00:03:52.930><c> amount</c><00:03:53.500><c> of</c><00:03:53.680><c> units</c><00:03:54.180><c> per</c><00:03:55.180><c> unit</c><00:03:55.599><c> adjoining</c>

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total amount of units per unit adjoining
 

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total amount of units per unit adjoining
it<00:03:56.409><c> where</c><00:03:56.950><c> cost</c><00:03:57.250><c> attackers</c><00:03:57.939><c> have</c><00:03:58.239><c> to</c><00:03:58.420><c> ensure</c>

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it where cost attackers have to ensure
 

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it where cost attackers have to ensure
so<00:03:59.859><c> it</c><00:04:00.159><c> can</c><00:04:00.430><c> include</c><00:04:00.760><c> the</c><00:04:00.879><c> stability</c><00:04:02.010><c> it</c><00:04:03.010><c> has</c>

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so it can include the stability it has
 

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so it can include the stability it has
more<00:04:04.209><c> advantages</c><00:04:05.019><c> a</c><00:04:06.510><c> channel</c><00:04:07.510><c> which</c><00:04:07.629><c> in</c>

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more advantages a channel which in
 

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more advantages a channel which in
politically<00:04:08.530><c> it</c><00:04:08.739><c> doesn't</c><00:04:09.340><c> reach</c><00:04:09.519><c> information</c>

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politically it doesn't reach information
 

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politically it doesn't reach information
by<00:04:10.629><c> working</c><00:04:11.260><c> together</c><00:04:11.940><c> it</c><00:04:12.940><c> just</c><00:04:13.269><c> with</c>

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by working together it just with
 

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by working together it just with
information<00:04:14.319><c> and</c><00:04:14.530><c> stability</c><00:04:15.239><c> so</c><00:04:16.239><c> the</c>

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information and stability so the
 

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information and stability so the
important<00:04:17.199><c> change</c><00:04:17.500><c> does</c><00:04:17.979><c> it</c><00:04:18.190><c> need</c><00:04:18.400><c> to</c><00:04:18.430><c> be</c>

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important change does it need to be
 

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important change does it need to be
accepted<00:04:19.510><c> by</c><00:04:19.780><c> other</c><00:04:20.049><c> chains</c><00:04:20.500><c> and</c><00:04:20.979><c> the</c><00:04:21.549><c> chair</c>

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accepted by other chains and the chair
 

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accepted by other chains and the chair
which<00:04:22.150><c> exposed</c><00:04:22.690><c> facility</c><00:04:22.979><c> doesn't</c><00:04:23.979><c> need</c><00:04:24.159><c> to</c>

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which exposed facility doesn't need to
 

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which exposed facility doesn't need to
be<00:04:24.550><c> in</c><00:04:24.760><c> to</c><00:04:25.060><c> be</c><00:04:25.090><c> changed</c><00:04:25.659><c> this</c><00:04:26.530><c> is</c><00:04:26.740><c> why</c><00:04:27.010><c> this</c>

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be in to be changed this is why this
 

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be in to be changed this is why this
protocol<00:04:27.729><c> has</c><00:04:28.060><c> shared</c><00:04:28.330><c> utility</c><00:04:28.990><c> and</c><00:04:29.229><c> as</c>

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protocol has shared utility and as
 

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protocol has shared utility and as
barrier<00:04:29.919><c> one</c><00:04:30.159><c> block</c><00:04:30.490><c> chains</c><00:04:30.990><c> in</c><00:04:32.099><c> the</c><00:04:33.099><c> case</c><00:04:33.280><c> of</c>

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barrier one block chains in the case of
 

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barrier one block chains in the case of
improving<00:04:34.030><c> security</c><00:04:34.690><c> in</c><00:04:35.260><c> the</c><00:04:35.800><c> case</c><00:04:35.949><c> of</c><00:04:36.130><c> a</c>

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improving security in the case of a
 

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improving security in the case of a
problem<00:04:36.550><c> unity</c>

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problem unity
 

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problem unity
it's<00:04:38.349><c> proof</c><00:04:38.740><c> of</c><00:04:38.830><c> work</c><00:04:39.039><c> energy</c><00:04:39.490><c> is</c><00:04:39.909><c> defined</c>

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it's proof of work energy is defined
 

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it's proof of work energy is defined
like<00:04:40.750><c> this</c>

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like this
 

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like this
it<00:04:42.250><c> enables</c><00:04:42.849><c> actually</c><00:04:43.330><c> import</c><00:04:43.810><c> the</c><00:04:44.110><c> cost</c>

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it enables actually import the cost
 

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it enables actually import the cost
consume<00:04:45.010><c> for</c><00:04:45.430><c> environment</c>

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consume for environment
 

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consume for environment
I<00:04:46.530><c> would</c><00:04:47.340><c> like</c><00:04:47.580><c> to</c><00:04:47.610><c> I</c><00:04:48.420><c> would</c><00:04:48.480><c> like</c><00:04:48.870><c> to</c><00:04:49.050><c> continue</c>

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I would like to I would like to continue
 

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I would like to I would like to continue
with<00:04:49.680><c> research</c><00:04:50.220><c> and</c><00:04:50.610><c> design</c><00:04:51.180><c> for</c><00:04:51.480><c> complete</c>

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with research and design for complete
 

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with research and design for complete
models<00:04:52.440><c> thank</c><00:04:53.160><c> you</c><00:04:53.250><c> very</c><00:04:53.430><c> much</c>

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[Applause]