WEBVTT Kind: captions Language: en 00:00:00.030 --> 00:00:02.240 align:start position:0% the<00:00:00.900> stock<00:00:01.110> is<00:00:01.140> payment<00:00:01.770> channels<00:00:02.070> in 00:00:02.240 --> 00:00:02.250 align:start position:0% the stock is payment channels in 00:00:02.250 --> 00:00:06.110 align:start position:0% the stock is payment channels in production<00:00:03.230> and<00:00:04.230> it's<00:00:04.620> myself<00:00:05.160> and<00:00:05.520> Arjun<00:00:05.879> and 00:00:06.110 --> 00:00:06.120 align:start position:0% production and it's myself and Arjun and 00:00:06.120 --> 00:00:09.049 align:start position:0% production and it's myself and Arjun and we're<00:00:06.660> gonna<00:00:06.750> talk<00:00:07.290> about<00:00:07.910> what<00:00:08.910> we've<00:00:09.030> been 00:00:09.049 --> 00:00:09.059 align:start position:0% we're gonna talk about what we've been 00:00:09.059 --> 00:00:12.589 align:start position:0% we're gonna talk about what we've been doing<00:00:09.420> for<00:00:09.719> the<00:00:09.750> last<00:00:09.809> year<00:00:10.139> or<00:00:10.230> so<00:00:11.599> little 00:00:12.589 --> 00:00:12.599 align:start position:0% doing for the last year or so little 00:00:12.599 --> 00:00:14.270 align:start position:0% doing for the last year or so little overview<00:00:12.870> of<00:00:12.990> what's<00:00:13.530> bank<00:00:13.769> Shane<00:00:13.920> is<00:00:14.040> show<00:00:14.160> of 00:00:14.270 --> 00:00:14.280 align:start position:0% overview of what's bank Shane is show of 00:00:14.280 --> 00:00:18.490 align:start position:0% overview of what's bank Shane is show of hands<00:00:14.429> who<00:00:14.549> knows<00:00:14.580> what's<00:00:14.880> bank<00:00:15.089> Shane<00:00:15.269> is 00:00:18.490 --> 00:00:18.500 align:start position:0% 00:00:18.500 --> 00:00:23.179 align:start position:0% good<00:00:19.500> branding<00:00:20.600> all<00:00:21.600> right<00:00:21.949> we<00:00:22.949> don't<00:00:23.010> have<00:00:23.160> a 00:00:23.179 --> 00:00:23.189 align:start position:0% good branding all right we don't have a 00:00:23.189 --> 00:00:24.859 align:start position:0% good branding all right we don't have a booth<00:00:23.369> but<00:00:23.609> we<00:00:23.699> all<00:00:23.820> have<00:00:23.939> pink<00:00:24.180> hair<00:00:24.240> so<00:00:24.630> just 00:00:24.859 --> 00:00:24.869 align:start position:0% booth but we all have pink hair so just 00:00:24.869 --> 00:00:27.740 align:start position:0% booth but we all have pink hair so just come<00:00:25.080> come<00:00:25.529> find<00:00:25.740> us<00:00:26.150> this<00:00:27.150> is<00:00:27.300> a<00:00:27.330> quick 00:00:27.740 --> 00:00:27.750 align:start position:0% come come find us this is a quick 00:00:27.750 --> 00:00:32.150 align:start position:0% come come find us this is a quick overview<00:00:28.460> so<00:00:29.840> today<00:00:30.840> is<00:00:31.140> the<00:00:31.920> 10th 00:00:32.150 --> 00:00:32.160 align:start position:0% overview so today is the 10th 00:00:32.160 --> 00:00:33.970 align:start position:0% overview so today is the 10th anniversary<00:00:32.820> of<00:00:32.850> the<00:00:32.969> Bitcoin<00:00:33.360> white<00:00:33.540> paper 00:00:33.970 --> 00:00:33.980 align:start position:0% anniversary of the Bitcoin white paper 00:00:33.980 --> 00:00:36.170 align:start position:0% anniversary of the Bitcoin white paper let's<00:00:34.980> see<00:00:35.130> how<00:00:35.219> we're<00:00:35.340> doing<00:00:35.370> so<00:00:35.579> this<00:00:36.059> is 00:00:36.170 --> 00:00:36.180 align:start position:0% let's see how we're doing so this is 00:00:36.180 --> 00:00:37.790 align:start position:0% let's see how we're doing so this is something<00:00:36.360> that<00:00:36.480> Satoshi<00:00:36.930> said<00:00:37.290> in<00:00:37.500> a<00:00:37.590> mailing 00:00:37.790 --> 00:00:37.800 align:start position:0% something that Satoshi said in a mailing 00:00:37.800 --> 00:00:39.889 align:start position:0% something that Satoshi said in a mailing list<00:00:38.040> said<00:00:38.730> I<00:00:38.760> would<00:00:38.910> be<00:00:39.030> surprised<00:00:39.390> in<00:00:39.690> 10 00:00:39.889 --> 00:00:39.899 align:start position:0% list said I would be surprised in 10 00:00:39.899 --> 00:00:42.350 align:start position:0% list said I would be surprised in 10 years<00:00:40.110> from<00:00:40.230> now<00:00:40.320> if<00:00:41.180> we're<00:00:42.180> not<00:00:42.300> using 00:00:42.350 --> 00:00:42.360 align:start position:0% years from now if we're not using 00:00:42.360 --> 00:00:44.569 align:start position:0% years from now if we're not using electronic<00:00:43.200> currency<00:00:43.500> in<00:00:43.590> some<00:00:43.800> way<00:00:43.980> now<00:00:44.550> that 00:00:44.569 --> 00:00:44.579 align:start position:0% electronic currency in some way now that 00:00:44.579 --> 00:00:46.310 align:start position:0% electronic currency in some way now that we<00:00:44.789> know<00:00:44.969> a<00:00:45.180> way<00:00:45.420> to<00:00:45.480> do<00:00:45.690> it<00:00:45.870> that<00:00:46.170> won't 00:00:46.310 --> 00:00:46.320 align:start position:0% we know a way to do it that won't 00:00:46.320 --> 00:00:47.990 align:start position:0% we know a way to do it that won't inevitably<00:00:46.950> get<00:00:47.219> dumbed<00:00:47.520> down<00:00:47.610> when<00:00:47.879> the 00:00:47.990 --> 00:00:48.000 align:start position:0% inevitably get dumbed down when the 00:00:48.000 --> 00:00:49.549 align:start position:0% inevitably get dumbed down when the trusted<00:00:48.329> third<00:00:48.450> party<00:00:48.719> gets<00:00:48.870> cold<00:00:49.050> feet<00:00:49.230> and 00:00:49.549 --> 00:00:49.559 align:start position:0% trusted third party gets cold feet and 00:00:49.559 --> 00:00:52.220 align:start position:0% trusted third party gets cold feet and Satoshi<00:00:50.010> knew<00:00:50.280> what<00:00:50.399> was<00:00:50.489> up<00:00:50.809> because<00:00:51.809> he<00:00:52.020> knew 00:00:52.220 --> 00:00:52.230 align:start position:0% Satoshi knew what was up because he knew 00:00:52.230 --> 00:00:54.860 align:start position:0% Satoshi knew what was up because he knew that<00:00:52.469> micro<00:00:53.190> payments<00:00:53.579> for<00:00:53.730> adult<00:00:54.059> was<00:00:54.660> where 00:00:54.860 --> 00:00:54.870 align:start position:0% that micro payments for adult was where 00:00:54.870 --> 00:00:57.729 align:start position:0% that micro payments for adult was where yeah<00:00:55.410> the<00:00:55.559> party<00:00:55.770> was<00:00:55.890> gonna<00:00:55.980> be 00:00:57.729 --> 00:00:57.739 align:start position:0% yeah the party was gonna be 00:00:57.739 --> 00:00:59.779 align:start position:0% yeah the party was gonna be show<00:00:58.739> of<00:00:58.829> hands<00:00:59.010> who<00:00:59.100> knows<00:00:59.309> how<00:00:59.430> payment 00:00:59.779 --> 00:00:59.789 align:start position:0% show of hands who knows how payment 00:00:59.789 --> 00:01:02.840 align:start position:0% show of hands who knows how payment channels<00:01:00.030> work<00:01:01.340> all<00:01:02.340> right<00:01:02.460> if<00:01:02.550> you<00:01:02.670> don't 00:01:02.840 --> 00:01:02.850 align:start position:0% channels work all right if you don't 00:01:02.850 --> 00:01:07.250 align:start position:0% channels work all right if you don't find<00:01:03.149> the<00:01:03.270> slide<00:01:03.449> leader<00:01:05.450> for<00:01:06.450> DEFCON<00:01:06.810> 4<00:01:07.049> this 00:01:07.250 --> 00:01:07.260 align:start position:0% find the slide leader for DEFCON 4 this 00:01:07.260 --> 00:01:09.320 align:start position:0% find the slide leader for DEFCON 4 this is<00:01:07.320> a<00:01:07.439> tale<00:01:07.950> of<00:01:07.979> four<00:01:08.430> payment<00:01:09.000> channel 00:01:09.320 --> 00:01:09.330 align:start position:0% is a tale of four payment channel 00:01:09.330 --> 00:01:14.350 align:start position:0% is a tale of four payment channel systems<00:01:10.320> that<00:01:10.560> we've<00:01:10.680> made<00:01:11.930> part<00:01:12.930> 1<00:01:13.080> the<00:01:13.890> demo 00:01:14.350 --> 00:01:14.360 align:start position:0% systems that we've made part 1 the demo 00:01:14.360 --> 00:01:18.499 align:start position:0% systems that we've made part 1 the demo so<00:01:15.360> this<00:01:15.479> was<00:01:15.630> August<00:01:15.990> 31st<00:01:16.320> 2017<00:01:17.280> it<00:01:18.000> was<00:01:18.150> pre 00:01:18.499 --> 00:01:18.509 align:start position:0% so this was August 31st 2017 it was pre 00:01:18.509 --> 00:01:21.200 align:start position:0% so this was August 31st 2017 it was pre ICO<00:01:19.070> started<00:01:20.070> working<00:01:20.340> with<00:01:20.460> Sergey<00:01:20.939> in 00:01:21.200 --> 00:01:21.210 align:start position:0% ICO started working with Sergey in 00:01:21.210 --> 00:01:25.700 align:start position:0% ICO started working with Sergey in Russia<00:01:21.990> yuccas<00:01:22.530> Tov<00:01:22.740> of<00:01:22.890> machinima<00:01:23.460> and<00:01:24.710> the 00:01:25.700 --> 00:01:25.710 align:start position:0% Russia yuccas Tov of machinima and the 00:01:25.710 --> 00:01:28.190 align:start position:0% Russia yuccas Tov of machinima and the magic<00:01:26.070> word<00:01:26.220> is<00:01:26.340> Hodel<00:01:26.840> this<00:01:27.840> is<00:01:27.990> what<00:01:28.110> it 00:01:28.190 --> 00:01:28.200 align:start position:0% magic word is Hodel this is what it 00:01:28.200 --> 00:01:29.990 align:start position:0% magic word is Hodel this is what it looked<00:01:28.350> like<00:01:28.439> it<00:01:28.619> was<00:01:28.710> called<00:01:28.920> vine<00:01:29.159> oz<00:01:29.340> this 00:01:29.990 --> 00:01:30.000 align:start position:0% looked like it was called vine oz this 00:01:30.000 --> 00:01:32.980 align:start position:0% looked like it was called vine oz this is<00:01:30.060> me<00:01:30.299> doing<00:01:30.479> a<00:01:30.689> video<00:01:30.869> walkthrough<00:01:31.530> where<00:01:32.490> I 00:01:32.980 --> 00:01:32.990 align:start position:0% is me doing a video walkthrough where I 00:01:32.990 --> 00:01:36.469 align:start position:0% is me doing a video walkthrough where I asked<00:01:33.990> Janice<00:01:34.470> Griffith<00:01:34.860> to<00:01:35.640> spank<00:01:36.000> herself 00:01:36.469 --> 00:01:36.479 align:start position:0% asked Janice Griffith to spank herself 00:01:36.479 --> 00:01:40.370 align:start position:0% asked Janice Griffith to spank herself and<00:01:36.979> she<00:01:37.979> refused<00:01:38.400> until<00:01:38.729> I<00:01:39.390> said<00:01:39.990> the<00:01:40.110> magic 00:01:40.370 --> 00:01:40.380 align:start position:0% and she refused until I said the magic 00:01:40.380 --> 00:01:42.080 align:start position:0% and she refused until I said the magic word<00:01:40.560> which<00:01:41.130> was<00:01:41.250> Hodel<00:01:41.520> it<00:01:41.610> was<00:01:41.729> not<00:01:41.850> pleased 00:01:42.080 --> 00:01:42.090 align:start position:0% word which was Hodel it was not pleased 00:01:42.090 --> 00:01:45.139 align:start position:0% word which was Hodel it was not pleased it<00:01:42.329> was<00:01:42.450> not<00:01:42.570> pretty<00:01:42.750> please<00:01:42.990> it<00:01:43.229> was<00:01:43.350> total<00:01:44.149> so 00:01:45.139 --> 00:01:45.149 align:start position:0% it was not pretty please it was total so 00:01:45.149 --> 00:01:46.520 align:start position:0% it was not pretty please it was total so we<00:01:45.240> did<00:01:45.390> this<00:01:45.509> demonstration<00:01:45.930> just<00:01:46.079> the<00:01:46.350> show 00:01:46.520 --> 00:01:46.530 align:start position:0% we did this demonstration just the show 00:01:46.530 --> 00:01:48.230 align:start position:0% we did this demonstration just the show that<00:01:46.799> our<00:01:46.950> payment<00:01:47.549> channel<00:01:47.790> system<00:01:48.030> worked 00:01:48.230 --> 00:01:48.240 align:start position:0% that our payment channel system worked 00:01:48.240 --> 00:01:50.240 align:start position:0% that our payment channel system worked in<00:01:48.420> advance<00:01:48.750> of<00:01:49.049> actually<00:01:49.409> doing<00:01:49.770> the<00:01:49.950> ico 00:01:50.240 --> 00:01:50.250 align:start position:0% in advance of actually doing the ico 00:01:50.250 --> 00:01:51.950 align:start position:0% in advance of actually doing the ico because<00:01:50.759> we<00:01:50.880> wanted<00:01:51.090> to<00:01:51.240> improve<00:01:51.570> the 00:01:51.950 --> 00:01:51.960 align:start position:0% because we wanted to improve the 00:01:51.960 --> 00:01:55.460 align:start position:0% because we wanted to improve the technology<00:01:53.479> it<00:01:54.479> took<00:01:54.600> three<00:01:54.840> tries<00:01:54.960> there's<00:01:55.409> a 00:01:55.460 --> 00:01:55.470 align:start position:0% technology it took three tries there's a 00:01:55.470 --> 00:01:59.060 align:start position:0% technology it took three tries there's a bunch<00:01:55.649> of<00:01:55.740> bugs<00:01:55.979> and<00:01:56.790> then<00:01:57.619> so<00:01:58.619> each<00:01:58.829> of<00:01:58.979> these 00:01:59.060 --> 00:01:59.070 align:start position:0% bunch of bugs and then so each of these 00:01:59.070 --> 00:02:01.760 align:start position:0% bunch of bugs and then so each of these times<00:01:59.340> we<00:01:59.549> had<00:01:59.729> Jen's<00:02:00.060> Griffith<00:02:00.360> there<00:02:01.020> at<00:02:01.380> our 00:02:01.760 --> 00:02:01.770 align:start position:0% times we had Jen's Griffith there at our 00:02:01.770 --> 00:02:04.609 align:start position:0% times we had Jen's Griffith there at our Hollywood<00:02:02.310> mansion<00:02:02.490> ready<00:02:03.329> to<00:02:03.509> do<00:02:03.869> this 00:02:04.609 --> 00:02:04.619 align:start position:0% Hollywood mansion ready to do this 00:02:04.619 --> 00:02:07.550 align:start position:0% Hollywood mansion ready to do this demonstration<00:02:05.399> and<00:02:05.790> then<00:02:06.030> could<00:02:06.270> not<00:02:06.439> get<00:02:07.439> it 00:02:07.550 --> 00:02:07.560 align:start position:0% demonstration and then could not get it 00:02:07.560 --> 00:02:09.430 align:start position:0% demonstration and then could not get it working 00:02:09.430 --> 00:02:09.440 align:start position:0% working 00:02:09.440 --> 00:02:11.860 align:start position:0% working the<00:02:09.770> the<00:02:10.130> second<00:02:10.460> time<00:02:10.640> was<00:02:11.420> actually<00:02:11.720> because 00:02:11.860 --> 00:02:11.870 align:start position:0% the the second time was actually because 00:02:11.870 --> 00:02:14.140 align:start position:0% the the second time was actually because 0x<00:02:12.260> was<00:02:12.410> doing<00:02:12.620> their<00:02:12.740> ICO<00:02:13.070> at<00:02:13.520> the<00:02:13.730> same<00:02:13.880> time 00:02:14.140 --> 00:02:14.150 align:start position:0% 0x was doing their ICO at the same time 00:02:14.150 --> 00:02:16.300 align:start position:0% 0x was doing their ICO at the same time and<00:02:15.020> we<00:02:15.170> should<00:02:15.380> not<00:02:15.590> get<00:02:15.890> any<00:02:16.130> of<00:02:16.250> the 00:02:16.300 --> 00:02:16.310 align:start position:0% and we should not get any of the 00:02:16.310 --> 00:02:19.710 align:start position:0% and we should not get any of the transactions<00:02:16.820> through<00:02:17.000> it's<00:02:17.510> very<00:02:17.720> very<00:02:18.320> sad 00:02:19.710 --> 00:02:19.720 align:start position:0% transactions through it's very very sad 00:02:19.720 --> 00:02:22.120 align:start position:0% transactions through it's very very sad the<00:02:20.720> second<00:02:21.020> system<00:02:21.260> we<00:02:21.380> launched<00:02:21.680> after<00:02:21.860> the 00:02:22.120 --> 00:02:22.130 align:start position:0% the second system we launched after the 00:02:22.130 --> 00:02:24.310 align:start position:0% the second system we launched after the ICO<00:02:22.430> we<00:02:22.910> launched<00:02:23.180> on<00:02:23.270> April<00:02:23.570> 2nd<00:02:23.930> which<00:02:24.140> was 00:02:24.310 --> 00:02:24.320 align:start position:0% ICO we launched on April 2nd which was 00:02:24.320 --> 00:02:26.410 align:start position:0% ICO we launched on April 2nd which was one<00:02:24.500> day<00:02:24.650> later<00:02:24.950> than<00:02:25.250> our<00:02:25.790> target<00:02:26.180> date<00:02:26.360> of 00:02:26.410 --> 00:02:26.420 align:start position:0% one day later than our target date of 00:02:26.420 --> 00:02:28.660 align:start position:0% one day later than our target date of April<00:02:26.960> 1st<00:02:27.290> and<00:02:28.070> it<00:02:28.190> was<00:02:28.280> the<00:02:28.370> simplest 00:02:28.660 --> 00:02:28.670 align:start position:0% April 1st and it was the simplest 00:02:28.670 --> 00:02:30.100 align:start position:0% April 1st and it was the simplest possible<00:02:28.790> payment<00:02:29.270> channel<00:02:29.510> implementation 00:02:30.100 --> 00:02:30.110 align:start position:0% possible payment channel implementation 00:02:30.110 --> 00:02:32.680 align:start position:0% possible payment channel implementation looked<00:02:30.710> like<00:02:30.860> this<00:02:31.330> actually<00:02:32.330> this<00:02:32.450> is<00:02:32.570> what 00:02:32.680 --> 00:02:32.690 align:start position:0% looked like this actually this is what 00:02:32.690 --> 00:02:34.210 align:start position:0% looked like this actually this is what is<00:02:32.810> still<00:02:33.050> alive<00:02:33.260> on<00:02:33.440> our<00:02:33.560> site<00:02:33.770> because<00:02:34.070> we 00:02:34.210 --> 00:02:34.220 align:start position:0% is still alive on our site because we 00:02:34.220 --> 00:02:36.190 align:start position:0% is still alive on our site because we had<00:02:34.340> to<00:02:34.460> revert<00:02:34.880> it<00:02:34.910> which<00:02:35.210> I'll<00:02:35.810> get<00:02:35.900> to<00:02:35.960> in<00:02:36.080> a 00:02:36.190 --> 00:02:36.200 align:start position:0% had to revert it which I'll get to in a 00:02:36.200 --> 00:02:39.400 align:start position:0% had to revert it which I'll get to in a minute<00:02:36.400> but<00:02:37.400> you<00:02:37.670> you<00:02:38.270> had<00:02:38.420> a<00:02:38.450> wallet<00:02:38.810> and<00:02:39.020> you 00:02:39.400 --> 00:02:39.410 align:start position:0% minute but you you had a wallet and you 00:02:39.410 --> 00:02:40.930 align:start position:0% minute but you you had a wallet and you send<00:02:39.620> money<00:02:39.710> to<00:02:39.860> the<00:02:40.040> wallet<00:02:40.370> and<00:02:40.640> that's<00:02:40.790> like 00:02:40.930 --> 00:02:40.940 align:start position:0% send money to the wallet and that's like 00:02:40.940 --> 00:02:42.490 align:start position:0% send money to the wallet and that's like a<00:02:40.970> legitimate<00:02:41.450> etherium<00:02:41.840> wallet<00:02:42.140> and<00:02:42.290> then 00:02:42.490 --> 00:02:42.500 align:start position:0% a legitimate etherium wallet and then 00:02:42.500 --> 00:02:44.140 align:start position:0% a legitimate etherium wallet and then after<00:02:43.160> that<00:02:43.280> you<00:02:43.490> clicked<00:02:43.700> load<00:02:43.970> up<00:02:44.120> your 00:02:44.140 --> 00:02:44.150 align:start position:0% after that you clicked load up your 00:02:44.150 --> 00:02:46.870 align:start position:0% after that you clicked load up your spank<00:02:44.540> card<00:02:44.780> and<00:02:44.990> you<00:02:45.680> send<00:02:45.950> the<00:02:46.310> money<00:02:46.430> the 00:02:46.870 --> 00:02:46.880 align:start position:0% spank card and you send the money the 00:02:46.880 --> 00:02:49.030 align:start position:0% spank card and you send the money the payment<00:02:47.390> channel<00:02:47.630> was<00:02:48.380> represented<00:02:48.890> by<00:02:48.950> the 00:02:49.030 --> 00:02:49.040 align:start position:0% payment channel was represented by the 00:02:49.040 --> 00:02:51.490 align:start position:0% payment channel was represented by the spank<00:02:49.310> card<00:02:49.520> and<00:02:49.760> so<00:02:50.450> this<00:02:50.930> was<00:02:51.230> a 00:02:51.490 --> 00:02:51.500 align:start position:0% spank card and so this was a 00:02:51.500 --> 00:02:54.790 align:start position:0% spank card and so this was a unidirectional<00:02:52.330> ether<00:02:53.330> only<00:02:53.800> custodial 00:02:54.790 --> 00:02:54.800 align:start position:0% unidirectional ether only custodial 00:02:54.800 --> 00:02:56.860 align:start position:0% unidirectional ether only custodial payment<00:02:55.250> channel<00:02:55.490> setup<00:02:55.700> so<00:02:56.000> the<00:02:56.150> users<00:02:56.660> had 00:02:56.860 --> 00:02:56.870 align:start position:0% payment channel setup so the users had 00:02:56.870 --> 00:02:58.630 align:start position:0% payment channel setup so the users had payment<00:02:57.200> channels<00:02:57.440> with<00:02:57.560> the<00:02:57.710> hub<00:02:57.890> that<00:02:58.550> we 00:02:58.630 --> 00:02:58.640 align:start position:0% payment channels with the hub that we 00:02:58.640 --> 00:03:00.010 align:start position:0% payment channels with the hub that we were<00:02:58.760> operating<00:02:59.030> but<00:02:59.420> the<00:02:59.480> performers<00:02:59.900> did 00:03:00.010 --> 00:03:00.020 align:start position:0% were operating but the performers did 00:03:00.020 --> 00:03:01.690 align:start position:0% were operating but the performers did not<00:03:00.200> they<00:03:00.470> had<00:03:00.650> to<00:03:00.770> click<00:03:00.980> withdraw<00:03:01.220> through<00:03:01.670> a 00:03:01.690 --> 00:03:01.700 align:start position:0% not they had to click withdraw through a 00:03:01.700 --> 00:03:03.280 align:start position:0% not they had to click withdraw through a separate<00:03:02.030> interface<00:03:02.210> and<00:03:02.600> in<00:03:02.990> the<00:03:03.110> time 00:03:03.280 --> 00:03:03.290 align:start position:0% separate interface and in the time 00:03:03.290 --> 00:03:04.900 align:start position:0% separate interface and in the time between<00:03:03.500> they<00:03:03.860> got<00:03:04.070> the<00:03:04.220> money<00:03:04.370> and<00:03:04.490> they<00:03:04.730> hit 00:03:04.900 --> 00:03:04.910 align:start position:0% between they got the money and they hit 00:03:04.910 --> 00:03:06.940 align:start position:0% between they got the money and they hit withdraw<00:03:05.270> we<00:03:05.810> held<00:03:05.990> the<00:03:06.110> money<00:03:06.260> and<00:03:06.440> so<00:03:06.590> we<00:03:06.740> had 00:03:06.940 --> 00:03:06.950 align:start position:0% withdraw we held the money and so we had 00:03:06.950 --> 00:03:09.250 align:start position:0% withdraw we held the money and so we had custody<00:03:07.660> again<00:03:08.660> I<00:03:08.690> was<00:03:08.870> working<00:03:09.140> with 00:03:09.250 --> 00:03:09.260 align:start position:0% custody again I was working with 00:03:09.260 --> 00:03:11.260 align:start position:0% custody again I was working with machinima<00:03:10.010> libraries<00:03:10.490> and<00:03:10.670> contracts<00:03:11.030> and<00:03:11.150> we 00:03:11.260 --> 00:03:11.270 align:start position:0% machinima libraries and contracts and we 00:03:11.270 --> 00:03:14.470 align:start position:0% machinima libraries and contracts and we brought<00:03:11.810> on<00:03:11.960> Keo<00:03:12.290> Ken<00:03:12.760> the<00:03:13.760> metaphor<00:03:14.180> for<00:03:14.210> the 00:03:14.470 --> 00:03:14.480 align:start position:0% brought on Keo Ken the metaphor for the 00:03:14.480 --> 00:03:16.390 align:start position:0% brought on Keo Ken the metaphor for the spent<00:03:14.690> card<00:03:14.900> was<00:03:15.050> a<00:03:15.080> hit<00:03:15.290> something<00:03:16.280> that 00:03:16.390 --> 00:03:16.400 align:start position:0% spent card was a hit something that 00:03:16.400 --> 00:03:17.890 align:start position:0% spent card was a hit something that we've<00:03:16.520> learned<00:03:16.670> about<00:03:16.970> payment<00:03:17.420> channels<00:03:17.720> is 00:03:17.890 --> 00:03:17.900 align:start position:0% we've learned about payment channels is 00:03:17.900 --> 00:03:19.990 align:start position:0% we've learned about payment channels is nobody<00:03:18.710> gives<00:03:18.920> a 00:03:19.990 --> 00:03:20.000 align:start position:0% nobody gives a 00:03:20.000 --> 00:03:23.200 align:start position:0% nobody gives a it<00:03:20.930> works<00:03:21.260> like<00:03:21.470> a<00:03:21.530> card<00:03:22.010> so<00:03:22.520> we<00:03:22.640> represented 00:03:23.200 --> 00:03:23.210 align:start position:0% it works like a card so we represented 00:03:23.210 --> 00:03:25.570 align:start position:0% it works like a card so we represented it<00:03:23.300> like<00:03:23.600> a<00:03:23.630> card<00:03:24.050> you<00:03:24.680> everybody<00:03:25.190> knows<00:03:25.400> how<00:03:25.550> a 00:03:25.570 --> 00:03:25.580 align:start position:0% it like a card you everybody knows how a 00:03:25.580 --> 00:03:27.970 align:start position:0% it like a card you everybody knows how a card<00:03:25.880> works<00:03:26.090> you<00:03:26.450> put<00:03:26.630> money<00:03:26.780> in<00:03:26.960> you<00:03:27.560> spend<00:03:27.830> it 00:03:27.970 --> 00:03:27.980 align:start position:0% card works you put money in you spend it 00:03:27.980 --> 00:03:29.830 align:start position:0% card works you put money in you spend it and<00:03:28.310> when<00:03:28.580> you're<00:03:28.730> done<00:03:28.850> you<00:03:29.390> take<00:03:29.420> whatever 00:03:29.830 --> 00:03:29.840 align:start position:0% and when you're done you take whatever 00:03:29.840 --> 00:03:32.950 align:start position:0% and when you're done you take whatever is<00:03:29.930> left<00:03:30.970> so<00:03:31.970> now<00:03:32.000> I<00:03:32.090> never<00:03:32.210> need<00:03:32.540> to<00:03:32.570> tell<00:03:32.810> any 00:03:32.950 --> 00:03:32.960 align:start position:0% is left so now I never need to tell any 00:03:32.960 --> 00:03:35.460 align:start position:0% is left so now I never need to tell any of<00:03:32.990> the<00:03:33.110> users<00:03:33.230> what<00:03:33.500> Hema<00:03:33.860> channels<00:03:34.130> alright 00:03:35.460 --> 00:03:35.470 align:start position:0% of the users what Hema channels alright 00:03:35.470 --> 00:03:38.170 align:start position:0% of the users what Hema channels alright fun<00:03:36.470> fun<00:03:36.800> things<00:03:37.010> we<00:03:37.160> encountered<00:03:37.520> along<00:03:38.030> the 00:03:38.170 --> 00:03:38.180 align:start position:0% fun fun things we encountered along the 00:03:38.180 --> 00:03:40.270 align:start position:0% fun fun things we encountered along the way<00:03:38.300> so<00:03:38.959> querying<00:03:39.590> in<00:03:39.800> fira<00:03:40.070> was 00:03:40.270 --> 00:03:40.280 align:start position:0% way so querying in fira was 00:03:40.280 --> 00:03:42.220 align:start position:0% way so querying in fira was non-deterministic<00:03:40.910> we<00:03:41.300> would<00:03:41.480> get<00:03:42.200> a 00:03:42.220 --> 00:03:42.230 align:start position:0% non-deterministic we would get a 00:03:42.230 --> 00:03:45.190 align:start position:0% non-deterministic we would get a transaction<00:03:42.800> in<00:03:42.950> and<00:03:43.160> we<00:03:44.060> would<00:03:44.480> see<00:03:44.870> that<00:03:44.900> it 00:03:45.190 --> 00:03:45.200 align:start position:0% transaction in and we would see that it 00:03:45.200 --> 00:03:46.030 align:start position:0% transaction in and we would see that it had<00:03:45.590> worked 00:03:46.030 --> 00:03:46.040 align:start position:0% had worked 00:03:46.040 --> 00:03:47.800 align:start position:0% had worked and<00:03:46.160> then<00:03:46.370> we'd<00:03:46.490> query<00:03:46.790> in<00:03:46.940> fira<00:03:47.180> and<00:03:47.480> in<00:03:47.600> fira 00:03:47.800 --> 00:03:47.810 align:start position:0% and then we'd query in fira and in fira 00:03:47.810 --> 00:03:49.330 align:start position:0% and then we'd query in fira and in fira is<00:03:47.990> like<00:03:48.200> you<00:03:48.560> know<00:03:48.650> eventually<00:03:48.890> consistent 00:03:49.330 --> 00:03:49.340 align:start position:0% is like you know eventually consistent 00:03:49.340 --> 00:03:51.010 align:start position:0% is like you know eventually consistent so<00:03:49.700> half<00:03:49.940> of<00:03:50.060> inferiors<00:03:50.480> like<00:03:50.630> yes<00:03:50.810> this 00:03:51.010 --> 00:03:51.020 align:start position:0% so half of inferiors like yes this 00:03:51.020 --> 00:03:52.270 align:start position:0% so half of inferiors like yes this worked<00:03:51.230> and<00:03:51.380> the<00:03:51.500> other<00:03:51.620> half<00:03:51.800> is<00:03:51.950> like<00:03:52.100> i 00:03:52.270 --> 00:03:52.280 align:start position:0% worked and the other half is like i 00:03:52.280 --> 00:03:52.660 align:start position:0% worked and the other half is like i don't<00:03:52.400> know 00:03:52.660 --> 00:03:52.670 align:start position:0% don't know 00:03:52.670 --> 00:03:56.650 align:start position:0% don't know and<00:03:53.320> so<00:03:54.320> we<00:03:54.940> yeah<00:03:55.940> we<00:03:56.120> had<00:03:56.270> that<00:03:56.300> problem 00:03:56.650 --> 00:03:56.660 align:start position:0% and so we yeah we had that problem 00:03:56.660 --> 00:03:58.930 align:start position:0% and so we yeah we had that problem truffle<00:03:57.650> timeout<00:03:58.010> is<00:03:58.220> two<00:03:58.370> hundred<00:03:58.640> and<00:03:58.700> forty 00:03:58.930 --> 00:03:58.940 align:start position:0% truffle timeout is two hundred and forty 00:03:58.940 --> 00:04:03.190 align:start position:0% truffle timeout is two hundred and forty seconds<00:03:59.920> so<00:04:00.920> in<00:04:01.730> production<00:04:02.420> when<00:04:03.020> you<00:04:03.110> have 00:04:03.190 --> 00:04:03.200 align:start position:0% seconds so in production when you have 00:04:03.200 --> 00:04:05.220 align:start position:0% seconds so in production when you have transactions<00:04:03.800> and<00:04:04.340> you<00:04:04.610> have<00:04:04.700> a<00:04:04.760> variable 00:04:05.220 --> 00:04:05.230 align:start position:0% transactions and you have a variable 00:04:05.230 --> 00:04:09.220 align:start position:0% transactions and you have a variable amounts<00:04:06.230> of<00:04:06.380> you<00:04:06.709> know<00:04:06.800> gas<00:04:07.070> and<00:04:08.230> sometimes 00:04:09.220 --> 00:04:09.230 align:start position:0% amounts of you know gas and sometimes 00:04:09.230 --> 00:04:11.590 align:start position:0% amounts of you know gas and sometimes your<00:04:09.350> transactions<00:04:09.800> just<00:04:09.920> timeout<00:04:10.459> and<00:04:10.760> that 00:04:11.590 --> 00:04:11.600 align:start position:0% your transactions just timeout and that 00:04:11.600 --> 00:04:12.190 align:start position:0% your transactions just timeout and that sucks 00:04:12.190 --> 00:04:12.200 align:start position:0% sucks 00:04:12.200 --> 00:04:15.730 align:start position:0% sucks you<00:04:12.560> have<00:04:12.650> to<00:04:12.740> go<00:04:12.860> trace<00:04:13.070> them<00:04:13.220> down<00:04:14.470> so<00:04:15.470> fast 00:04:15.730 --> 00:04:15.740 align:start position:0% you have to go trace them down so fast 00:04:15.740 --> 00:04:19.630 align:start position:0% you have to go trace them down so fast forward<00:04:15.950> to<00:04:16.070> June<00:04:16.640> 6<00:04:16.970> or<00:04:17.930> June<00:04:18.140> 9th<00:04:18.320> sorry<00:04:18.650> we 00:04:19.630 --> 00:04:19.640 align:start position:0% forward to June 6 or June 9th sorry we 00:04:19.640 --> 00:04:21.770 align:start position:0% forward to June 6 or June 9th sorry we hardened<00:04:20.299> our<00:04:20.510> wallet 00:04:21.770 --> 00:04:21.780 align:start position:0% hardened our wallet 00:04:21.780 --> 00:04:25.970 align:start position:0% hardened our wallet then<00:04:21.930> we<00:04:22.049> shipped<00:04:22.290> our<00:04:22.440> open<00:04:22.740> beta<00:04:24.470> so<00:04:25.470> this 00:04:25.970 --> 00:04:25.980 align:start position:0% then we shipped our open beta so this 00:04:25.980 --> 00:04:28.820 align:start position:0% then we shipped our open beta so this was<00:04:26.490> this<00:04:27.270> the<00:04:27.630> same<00:04:27.810> wallet<00:04:28.020> roughly 00:04:28.820 --> 00:04:28.830 align:start position:0% was this the same wallet roughly 00:04:28.830 --> 00:04:34.220 align:start position:0% was this the same wallet roughly actually<00:04:29.130> this<00:04:29.220> is<00:04:29.340> the<00:04:29.460> wrong<00:04:29.610> picture<00:04:33.230> yes 00:04:34.220 --> 00:04:34.230 align:start position:0% actually this is the wrong picture yes 00:04:34.230 --> 00:04:35.540 align:start position:0% actually this is the wrong picture yes this<00:04:34.410> is<00:04:34.560> this<00:04:34.770> is<00:04:34.860> when<00:04:35.010> we<00:04:35.100> upgrade<00:04:35.370> later 00:04:35.540 --> 00:04:35.550 align:start position:0% this is this is when we upgrade later 00:04:35.550 --> 00:04:38.240 align:start position:0% this is this is when we upgrade later but<00:04:35.880> anyway<00:04:36.840> we<00:04:36.930> got<00:04:36.960> hacked<00:04:37.290> actually<00:04:37.800> we 00:04:38.240 --> 00:04:38.250 align:start position:0% but anyway we got hacked actually we 00:04:38.250 --> 00:04:39.950 align:start position:0% but anyway we got hacked actually we never<00:04:38.340> talked<00:04:38.639> about<00:04:38.790> this<00:04:38.970> one<00:04:39.180> didn't 00:04:39.950 --> 00:04:39.960 align:start position:0% never talked about this one didn't 00:04:39.960 --> 00:04:42.110 align:start position:0% never talked about this one didn't really<00:04:40.050> seem<00:04:40.380> like<00:04:40.410> a<00:04:40.530> big<00:04:40.740> deal<00:04:40.889> but<00:04:41.130> we 00:04:42.110 --> 00:04:42.120 align:start position:0% really seem like a big deal but we 00:04:42.120 --> 00:04:44.150 align:start position:0% really seem like a big deal but we actually<00:04:42.600> got<00:04:42.690> hacked<00:04:42.900> before<00:04:43.470> the<00:04:44.010> most 00:04:44.150 --> 00:04:44.160 align:start position:0% actually got hacked before the most 00:04:44.160 --> 00:04:46.580 align:start position:0% actually got hacked before the most recent<00:04:44.280> hack<00:04:44.669> for<00:04:45.240> a<00:04:45.270> lot<00:04:45.540> less<00:04:45.690> money<00:04:45.750> because 00:04:46.580 --> 00:04:46.590 align:start position:0% recent hack for a lot less money because 00:04:46.590 --> 00:04:49.010 align:start position:0% recent hack for a lot less money because we<00:04:47.280> in<00:04:47.550> the<00:04:47.700> process<00:04:48.060> of<00:04:48.210> migrating<00:04:48.419> to<00:04:48.990> a 00:04:49.010 --> 00:04:49.020 align:start position:0% we in the process of migrating to a 00:04:49.020 --> 00:04:50.810 align:start position:0% we in the process of migrating to a different<00:04:49.350> infrastructure<00:04:49.860> we<00:04:50.340> let<00:04:50.610> our 00:04:50.810 --> 00:04:50.820 align:start position:0% different infrastructure we let our 00:04:50.820 --> 00:04:54.710 align:start position:0% different infrastructure we let our guest<00:04:51.210> node<00:04:51.570> firewall<00:04:52.260> slip<00:04:52.710> for<00:04:53.610> two<00:04:54.270> minutes 00:04:54.710 --> 00:04:54.720 align:start position:0% guest node firewall slip for two minutes 00:04:54.720 --> 00:04:58.040 align:start position:0% guest node firewall slip for two minutes and<00:04:55.190> in<00:04:56.190> the<00:04:56.220> two<00:04:56.610> minutes<00:04:56.910> within<00:04:57.060> 30<00:04:57.450> seconds 00:04:58.040 --> 00:04:58.050 align:start position:0% and in the two minutes within 30 seconds 00:04:58.050 --> 00:05:00.260 align:start position:0% and in the two minutes within 30 seconds the<00:04:58.560> thousand<00:04:59.340> five<00:04:59.520> hundred<00:04:59.669> dollars<00:05:00.090> and 00:05:00.260 --> 00:05:00.270 align:start position:0% the thousand five hundred dollars and 00:05:00.270 --> 00:05:02.420 align:start position:0% the thousand five hundred dollars and eath<00:05:00.360> that<00:05:00.570> we<00:05:00.660> had<00:05:00.780> on<00:05:00.930> our<00:05:01.020> hot<00:05:01.200> wallet<00:05:01.500> was 00:05:02.420 --> 00:05:02.430 align:start position:0% eath that we had on our hot wallet was 00:05:02.430 --> 00:05:05.180 align:start position:0% eath that we had on our hot wallet was drained<00:05:02.820> by<00:05:03.300> because<00:05:04.200> the<00:05:04.530> guest<00:05:04.830> node<00:05:05.010> was 00:05:05.180 --> 00:05:05.190 align:start position:0% drained by because the guest node was 00:05:05.190 --> 00:05:07.130 align:start position:0% drained by because the guest node was unlocked<00:05:05.550> and<00:05:05.790> somebody<00:05:06.090> just<00:05:06.240> sent<00:05:06.419> a<00:05:06.570> JSON 00:05:07.130 --> 00:05:07.140 align:start position:0% unlocked and somebody just sent a JSON 00:05:07.140 --> 00:05:09.020 align:start position:0% unlocked and somebody just sent a JSON RPC<00:05:07.260> request<00:05:07.560> to<00:05:07.980> send<00:05:08.160> themselves<00:05:08.400> all<00:05:08.850> the 00:05:09.020 --> 00:05:09.030 align:start position:0% RPC request to send themselves all the 00:05:09.030 --> 00:05:17.390 align:start position:0% RPC request to send themselves all the money<00:05:14.330> so<00:05:15.330> then<00:05:15.450> we<00:05:15.570> didn't<00:05:15.810> upgrade<00:05:16.400> we 00:05:17.390 --> 00:05:17.400 align:start position:0% money so then we didn't upgrade we 00:05:17.400 --> 00:05:20.690 align:start position:0% money so then we didn't upgrade we launched<00:05:17.669> that<00:05:17.760> September<00:05:18.300> first<00:05:19.430> move<00:05:20.430> fast 00:05:20.690 --> 00:05:20.700 align:start position:0% launched that September first move fast 00:05:20.700 --> 00:05:25.430 align:start position:0% launched that September first move fast and<00:05:20.850> break<00:05:20.940> things<00:05:21.120> they<00:05:21.510> said<00:05:24.139> so<00:05:25.139> the 00:05:25.430 --> 00:05:25.440 align:start position:0% and break things they said so the 00:05:25.440 --> 00:05:27.290 align:start position:0% and break things they said so the upgrade<00:05:25.590> was<00:05:25.890> a<00:05:25.950> noncustodial<00:05:26.550> wallet<00:05:27.060> had 00:05:27.290 --> 00:05:27.300 align:start position:0% upgrade was a noncustodial wallet had 00:05:27.300 --> 00:05:29.600 align:start position:0% upgrade was a noncustodial wallet had prune<00:05:28.020> style<00:05:28.320> peer-to-peer<00:05:29.040> virtual 00:05:29.600 --> 00:05:29.610 align:start position:0% prune style peer-to-peer virtual 00:05:29.610 --> 00:05:33.800 align:start position:0% prune style peer-to-peer virtual channels<00:05:31.040> which<00:05:32.040> we<00:05:32.220> call<00:05:32.400> threads<00:05:32.700> now<00:05:32.940> -<00:05:33.000> it 00:05:33.800 --> 00:05:33.810 align:start position:0% channels which we call threads now - it 00:05:33.810 --> 00:05:35.719 align:start position:0% channels which we call threads now - it has<00:05:33.960> the<00:05:34.500> contract<00:05:34.860> had<00:05:34.950> support<00:05:35.250> for<00:05:35.370> ethan 00:05:35.719 --> 00:05:35.729 align:start position:0% has the contract had support for ethan 00:05:35.729 --> 00:05:37.790 align:start position:0% has the contract had support for ethan IRC<00:05:36.030> 20<00:05:36.300> so<00:05:36.600> on<00:05:36.720> September<00:05:36.840> 1st<00:05:37.289> we<00:05:37.470> launched 00:05:37.790 --> 00:05:37.800 align:start position:0% IRC 20 so on September 1st we launched 00:05:37.800 --> 00:05:41.719 align:start position:0% IRC 20 so on September 1st we launched the<00:05:38.310> wallet<00:05:38.789> which<00:05:39.560> looked<00:05:40.560> like<00:05:40.620> that 00:05:41.719 --> 00:05:41.729 align:start position:0% the wallet which looked like that 00:05:41.729 --> 00:05:44.180 align:start position:0% the wallet which looked like that so<00:05:42.120> we<00:05:42.240> integrated<00:05:42.780> the<00:05:43.080> wallet<00:05:43.770> and<00:05:43.919> card 00:05:44.180 --> 00:05:44.190 align:start position:0% so we integrated the wallet and card 00:05:44.190 --> 00:05:46.219 align:start position:0% so we integrated the wallet and card into<00:05:44.550> just<00:05:44.760> one<00:05:44.970> balance<00:05:45.419> and<00:05:45.720> basically<00:05:46.050> just 00:05:46.219 --> 00:05:46.229 align:start position:0% into just one balance and basically just 00:05:46.229 --> 00:05:48.080 align:start position:0% into just one balance and basically just showed<00:05:46.410> a<00:05:46.440> pending<00:05:46.950> transaction<00:05:47.520> until<00:05:47.820> all 00:05:48.080 --> 00:05:48.090 align:start position:0% showed a pending transaction until all 00:05:48.090 --> 00:05:49.940 align:start position:0% showed a pending transaction until all of<00:05:48.150> the<00:05:48.660> wallet<00:05:49.020> funds<00:05:49.200> were<00:05:49.350> there<00:05:49.500> and<00:05:49.620> so<00:05:49.770> we 00:05:49.940 --> 00:05:49.950 align:start position:0% of the wallet funds were there and so we 00:05:49.950 --> 00:05:51.650 align:start position:0% of the wallet funds were there and so we actually<00:05:50.340> took<00:05:50.490> the<00:05:50.669> liberty<00:05:50.700> of<00:05:51.000> when<00:05:51.510> you 00:05:51.650 --> 00:05:51.660 align:start position:0% actually took the liberty of when you 00:05:51.660 --> 00:05:53.180 align:start position:0% actually took the liberty of when you send<00:05:51.870> the<00:05:52.110> wallet<00:05:52.440> the<00:05:52.560> money<00:05:52.710> we 00:05:53.180 --> 00:05:53.190 align:start position:0% send the wallet the money we 00:05:53.190 --> 00:05:54.710 align:start position:0% send the wallet the money we automatically<00:05:53.820> deposited<00:05:54.120> into<00:05:54.570> your 00:05:54.710 --> 00:05:54.720 align:start position:0% automatically deposited into your 00:05:54.720 --> 00:05:56.000 align:start position:0% automatically deposited into your payment<00:05:55.110> channels<00:05:55.350> because<00:05:55.680> we<00:05:55.740> figured 00:05:56.000 --> 00:05:56.010 align:start position:0% payment channels because we figured 00:05:56.010 --> 00:05:57.080 align:start position:0% payment channels because we figured there's<00:05:56.190> no<00:05:56.340> other<00:05:56.460> reason<00:05:56.820> why<00:05:56.940> you're 00:05:57.080 --> 00:05:57.090 align:start position:0% there's no other reason why you're 00:05:57.090 --> 00:06:01.070 align:start position:0% there's no other reason why you're sending<00:05:57.270> this<00:05:57.450> thing<00:05:57.630> money<00:05:59.390> and<00:06:00.390> we<00:06:00.570> joined 00:06:01.070 --> 00:06:01.080 align:start position:0% sending this thing money and we joined 00:06:01.080 --> 00:06:02.980 align:start position:0% sending this thing money and we joined forces<00:06:01.140> with<00:06:01.530> connects<00:06:01.860> to<00:06:02.010> work<00:06:02.130> on<00:06:02.310> the<00:06:02.490> hub 00:06:02.980 --> 00:06:02.990 align:start position:0% forces with connects to work on the hub 00:06:02.990 --> 00:06:05.570 align:start position:0% forces with connects to work on the hub so<00:06:03.990> now<00:06:04.169> I<00:06:04.200> was<00:06:04.470> gonna<00:06:04.650> ship<00:06:04.890> payment<00:06:05.280> channels 00:06:05.570 --> 00:06:05.580 align:start position:0% so now I was gonna ship payment channels 00:06:05.580 --> 00:06:11.690 align:start position:0% so now I was gonna ship payment channels but<00:06:06.479> then<00:06:06.600> I<00:06:06.630> got<00:06:06.840> hacked<00:06:09.200> so<00:06:10.200> the<00:06:10.500> hack<00:06:10.700> we 00:06:11.690 --> 00:06:11.700 align:start position:0% but then I got hacked so the hack we 00:06:11.700 --> 00:06:15.020 align:start position:0% but then I got hacked so the hack we lost<00:06:11.910> $40,000<00:06:12.720> we<00:06:13.650> got<00:06:13.950> it<00:06:14.039> all<00:06:14.130> back<00:06:14.310> and<00:06:14.610> we 00:06:15.020 --> 00:06:15.030 align:start position:0% lost $40,000 we got it all back and we 00:06:15.030 --> 00:06:19.070 align:start position:0% lost $40,000 we got it all back and we made<00:06:15.180> a<00:06:15.210> friend<00:06:16.729> so<00:06:17.729> this<00:06:17.850> was<00:06:18.000> the<00:06:18.539> post<00:06:18.780> that 00:06:19.070 --> 00:06:19.080 align:start position:0% made a friend so this was the post that 00:06:19.080 --> 00:06:21.800 align:start position:0% made a friend so this was the post that we<00:06:19.820> published<00:06:20.820> in<00:06:21.060> the<00:06:21.210> aftermath<00:06:21.570> of<00:06:21.720> the 00:06:21.800 --> 00:06:21.810 align:start position:0% we published in the aftermath of the 00:06:21.810 --> 00:06:23.750 align:start position:0% we published in the aftermath of the hack 00:06:23.750 --> 00:06:23.760 align:start position:0% hack 00:06:23.760 --> 00:06:26.630 align:start position:0% hack so<00:06:24.479> the<00:06:24.870> hack<00:06:25.080> exploited<00:06:25.800> a<00:06:25.950> re-entrant<00:06:26.400> sea 00:06:26.630 --> 00:06:26.640 align:start position:0% so the hack exploited a re-entrant sea 00:06:26.640 --> 00:06:28.790 align:start position:0% so the hack exploited a re-entrant sea bug<00:06:26.820> and<00:06:27.060> an<00:06:27.419> intern<00:06:27.660> and<00:06:28.350> an<00:06:28.530> integer 00:06:28.790 --> 00:06:28.800 align:start position:0% bug and an intern and an integer 00:06:28.800 --> 00:06:31.520 align:start position:0% bug and an intern and an integer overflow<00:06:29.510> which<00:06:30.510> allowed<00:06:30.780> the<00:06:30.930> hacker<00:06:31.050> to 00:06:31.520 --> 00:06:31.530 align:start position:0% overflow which allowed the hacker to 00:06:31.530 --> 00:06:33.880 align:start position:0% overflow which allowed the hacker to call<00:06:32.280> back<00:06:32.580> into 00:06:33.880 --> 00:06:33.890 align:start position:0% call back into 00:06:33.890 --> 00:06:35.800 align:start position:0% call back into with<00:06:34.190> withdrawal<00:06:34.820> function<00:06:35.150> and<00:06:35.330> basically 00:06:35.800 --> 00:06:35.810 align:start position:0% with withdrawal function and basically 00:06:35.810 --> 00:06:37.930 align:start position:0% with withdrawal function and basically give<00:06:36.080> themselves<00:06:36.500> all<00:06:36.680> of<00:06:36.740> the<00:06:36.980> money<00:06:37.130> it<00:06:37.850> was 00:06:37.930 --> 00:06:37.940 align:start position:0% give themselves all of the money it was 00:06:37.940 --> 00:06:39.310 align:start position:0% give themselves all of the money it was wasn't<00:06:38.330> quite<00:06:38.570> the<00:06:38.690> withdrawal<00:06:38.960> function<00:06:39.260> it 00:06:39.310 --> 00:06:39.320 align:start position:0% wasn't quite the withdrawal function it 00:06:39.320 --> 00:06:41.320 align:start position:0% wasn't quite the withdrawal function it was<00:06:39.380> a<00:06:39.440> function<00:06:39.770> that<00:06:39.950> allowed<00:06:40.160> them<00:06:40.340> to<00:06:40.370> exit 00:06:41.320 --> 00:06:41.330 align:start position:0% was a function that allowed them to exit 00:06:41.330 --> 00:06:42.520 align:start position:0% was a function that allowed them to exit a<00:06:41.390> channel<00:06:41.660> that<00:06:41.780> had<00:06:41.870> not<00:06:42.020> been<00:06:42.080> joined<00:06:42.440> by 00:06:42.520 --> 00:06:42.530 align:start position:0% a channel that had not been joined by 00:06:42.530 --> 00:06:44.620 align:start position:0% a channel that had not been joined by the<00:06:42.620> counterparty<00:06:43.160> but<00:06:43.700> they<00:06:43.940> opened<00:06:44.360> the 00:06:44.620 --> 00:06:44.630 align:start position:0% the counterparty but they opened the 00:06:44.630 --> 00:06:46.630 align:start position:0% the counterparty but they opened the channel<00:06:44.900> and<00:06:45.080> then<00:06:45.260> exited<00:06:46.220> the<00:06:46.280> channel<00:06:46.520> that 00:06:46.630 --> 00:06:46.640 align:start position:0% channel and then exited the channel that 00:06:46.640 --> 00:06:48.220 align:start position:0% channel and then exited the channel that had<00:06:46.730> not<00:06:46.850> been<00:06:46.910> joined<00:06:47.270> but<00:06:47.510> that<00:06:47.690> function 00:06:48.220 --> 00:06:48.230 align:start position:0% had not been joined but that function 00:06:48.230 --> 00:06:51.070 align:start position:0% had not been joined but that function they<00:06:49.040> called<00:06:49.430> back<00:06:49.580> into<00:06:49.940> it<00:06:50.030> because<00:06:50.330> it<00:06:50.510> only 00:06:51.070 --> 00:06:51.080 align:start position:0% they called back into it because it only 00:06:51.080 --> 00:06:54.340 align:start position:0% they called back into it because it only deleted<00:06:51.500> the<00:06:51.800> on<00:06:52.100> chain<00:06:52.870> data<00:06:53.870> about<00:06:54.200> the 00:06:54.340 --> 00:06:54.350 align:start position:0% deleted the on chain data about the 00:06:54.350 --> 00:06:57.400 align:start position:0% deleted the on chain data about the balances<00:06:54.740> after<00:06:55.430> the<00:06:56.140> transaction<00:06:57.140> had<00:06:57.260> been 00:06:57.400 --> 00:06:57.410 align:start position:0% balances after the transaction had been 00:06:57.410 --> 00:07:00.160 align:start position:0% balances after the transaction had been sent<00:06:57.650> and<00:06:57.800> in<00:06:58.100> the<00:06:58.520> course<00:06:58.730> of<00:06:58.850> sending<00:06:59.210> the 00:07:00.160 --> 00:07:00.170 align:start position:0% sent and in the course of sending the 00:07:00.170 --> 00:07:03.160 align:start position:0% sent and in the course of sending the token<00:07:00.710> transfer<00:07:01.190> the<00:07:01.370> actual<00:07:01.790> token<00:07:02.540> contract 00:07:03.160 --> 00:07:03.170 align:start position:0% token transfer the actual token contract 00:07:03.170 --> 00:07:07.450 align:start position:0% token transfer the actual token contract was<00:07:03.470> not<00:07:03.770> what<00:07:04.430> we<00:07:04.550> thought<00:07:04.790> it<00:07:04.850> was<00:07:05.650> it<00:07:06.650> called 00:07:07.450 --> 00:07:07.460 align:start position:0% was not what we thought it was it called 00:07:07.460 --> 00:07:09.670 align:start position:0% was not what we thought it was it called back<00:07:07.700> into<00:07:08.000> the<00:07:08.240> function<00:07:08.660> and<00:07:08.960> gave<00:07:09.500> the 00:07:09.670 --> 00:07:09.680 align:start position:0% back into the function and gave the 00:07:09.680 --> 00:07:12.130 align:start position:0% back into the function and gave the attacker<00:07:09.920> all<00:07:10.130> our<00:07:10.250> money<00:07:10.810> there<00:07:11.810> was<00:07:11.900> another 00:07:12.130 --> 00:07:12.140 align:start position:0% attacker all our money there was another 00:07:12.140 --> 00:07:15.460 align:start position:0% attacker all our money there was another bug<00:07:12.410> so<00:07:12.650> when<00:07:13.010> I<00:07:13.040> called<00:07:13.430> the<00:07:13.610> attacker<00:07:13.880> up<00:07:14.470> I 00:07:15.460 --> 00:07:15.470 align:start position:0% bug so when I called the attacker up I 00:07:15.470 --> 00:07:18.250 align:start position:0% bug so when I called the attacker up I said<00:07:16.310> you<00:07:16.490> know<00:07:16.580> I'm<00:07:17.270> Ameen<00:07:17.570> Soleimani<00:07:17.990> Co 00:07:18.250 --> 00:07:18.260 align:start position:0% said you know I'm Ameen Soleimani Co 00:07:18.260 --> 00:07:22.770 align:start position:0% said you know I'm Ameen Soleimani Co spank<00:07:18.710> Shan<00:07:18.970> do<00:07:19.970> you<00:07:20.060> know<00:07:20.150> why<00:07:20.270> I'm<00:07:20.360> calling 00:07:22.770 --> 00:07:22.780 align:start position:0% 00:07:22.780 --> 00:07:28.990 align:start position:0% said<00:07:23.780> uh<00:07:24.310> yes<00:07:25.310> a<00:07:26.020> little<00:07:27.020> bit<00:07:27.140> nervous<00:07:27.290> so<00:07:28.000> from 00:07:28.990 --> 00:07:29.000 align:start position:0% said uh yes a little bit nervous so from 00:07:29.000 --> 00:07:31.840 align:start position:0% said uh yes a little bit nervous so from there<00:07:29.200> I<00:07:30.200> said<00:07:30.740> you<00:07:30.860> know<00:07:30.980> congratulations<00:07:31.700> on 00:07:31.840 --> 00:07:31.850 align:start position:0% there I said you know congratulations on 00:07:31.850 --> 00:07:33.250 align:start position:0% there I said you know congratulations on being<00:07:32.000> the<00:07:32.150> real<00:07:32.270> winner<00:07:32.480> of<00:07:32.660> the<00:07:32.780> EFSF 00:07:33.250 --> 00:07:33.260 align:start position:0% being the real winner of the EFSF 00:07:33.260 --> 00:07:36.460 align:start position:0% being the real winner of the EFSF hackathon<00:07:34.900> very<00:07:35.900> impressed<00:07:36.200> with<00:07:36.290> your<00:07:36.410> work 00:07:36.460 --> 00:07:36.470 align:start position:0% hackathon very impressed with your work 00:07:36.470 --> 00:07:38.950 align:start position:0% hackathon very impressed with your work can<00:07:36.740> I<00:07:36.770> have<00:07:36.950> all<00:07:37.130> my<00:07:37.280> money<00:07:37.400> back<00:07:37.700> if<00:07:38.660> you<00:07:38.810> give 00:07:38.950 --> 00:07:38.960 align:start position:0% can I have all my money back if you give 00:07:38.960 --> 00:07:40.390 align:start position:0% can I have all my money back if you give it<00:07:39.050> back<00:07:39.170> I'll<00:07:39.350> give<00:07:39.530> you<00:07:39.620> a<00:07:39.680> $5,000<00:07:40.250> reward 00:07:40.390 --> 00:07:40.400 align:start position:0% it back I'll give you a $5,000 reward 00:07:40.400 --> 00:07:42.460 align:start position:0% it back I'll give you a $5,000 reward for<00:07:40.610> you<00:07:41.420> know<00:07:41.510> your<00:07:41.750> contribution<00:07:42.320> to 00:07:42.460 --> 00:07:42.470 align:start position:0% for you know your contribution to 00:07:42.470 --> 00:07:44.560 align:start position:0% for you know your contribution to exposing<00:07:42.950> our<00:07:43.090> vulnerabilities<00:07:44.090> which<00:07:44.420> we 00:07:44.560 --> 00:07:44.570 align:start position:0% exposing our vulnerabilities which we 00:07:44.570 --> 00:07:47.410 align:start position:0% exposing our vulnerabilities which we really<00:07:44.840> appreciate<00:07:46.000> and<00:07:47.000> they<00:07:47.120> said<00:07:47.300> that 00:07:47.410 --> 00:07:47.420 align:start position:0% really appreciate and they said that 00:07:47.420 --> 00:07:48.760 align:start position:0% really appreciate and they said that seems<00:07:47.570> reasonable<00:07:47.750> texted<00:07:48.290> me<00:07:48.380> the<00:07:48.470> private 00:07:48.760 --> 00:07:48.770 align:start position:0% seems reasonable texted me the private 00:07:48.770 --> 00:07:51.000 align:start position:0% seems reasonable texted me the private key<00:07:48.890> and<00:07:49.220> then<00:07:49.790> they<00:07:49.970> said<00:07:50.150> well<00:07:50.180> actually 00:07:51.000 --> 00:07:51.010 align:start position:0% key and then they said well actually 00:07:51.010 --> 00:07:53.830 align:start position:0% key and then they said well actually there's<00:07:52.010> another<00:07:52.370> bug<00:07:52.760> in<00:07:53.030> your<00:07:53.120> contract<00:07:53.720> and 00:07:53.830 --> 00:07:53.840 align:start position:0% there's another bug in your contract and 00:07:53.840 --> 00:07:55.960 align:start position:0% there's another bug in your contract and that<00:07:54.020> will<00:07:54.140> allow<00:07:54.350> me<00:07:54.530> to<00:07:54.560> get<00:07:54.830> back<00:07:55.010> the<00:07:55.250> 4000 00:07:55.960 --> 00:07:55.970 align:start position:0% that will allow me to get back the 4000 00:07:55.970 --> 00:07:58.030 align:start position:0% that will allow me to get back the 4000 booty<00:07:56.210> which<00:07:56.390> is<00:07:56.540> our<00:07:56.720> stable<00:07:57.050> coin<00:07:57.200> pegged<00:07:57.950> to 00:07:58.030 --> 00:07:58.040 align:start position:0% booty which is our stable coin pegged to 00:07:58.040 --> 00:08:02.620 align:start position:0% booty which is our stable coin pegged to $1<00:07:58.310> get<00:07:58.490> it<00:07:58.610> booty<00:07:58.850> peg<00:07:59.180> right<00:07:59.920> so<00:08:01.450> they<00:08:02.450> said 00:08:02.620 --> 00:08:02.630 align:start position:0% $1 get it booty peg right so they said 00:08:02.630 --> 00:08:04.840 align:start position:0% $1 get it booty peg right so they said yeah<00:08:02.870> well<00:08:03.080> we'll<00:08:03.230> get<00:08:03.350> you<00:08:03.550> 4000<00:08:04.550> booty<00:08:04.730> back 00:08:04.840 --> 00:08:04.850 align:start position:0% yeah well we'll get you 4000 booty back 00:08:04.850 --> 00:08:07.090 align:start position:0% yeah well we'll get you 4000 booty back and<00:08:05.030> I<00:08:05.060> said<00:08:05.210> well<00:08:05.360> if<00:08:05.660> this<00:08:05.990> person<00:08:06.410> can<00:08:06.920> get 00:08:07.090 --> 00:08:07.100 align:start position:0% and I said well if this person can get 00:08:07.100 --> 00:08:08.770 align:start position:0% and I said well if this person can get the<00:08:07.340> booty<00:08:07.610> then<00:08:07.820> somebody<00:08:08.210> else<00:08:08.330> can<00:08:08.510> get<00:08:08.660> the 00:08:08.770 --> 00:08:08.780 align:start position:0% the booty then somebody else can get the 00:08:08.780 --> 00:08:10.090 align:start position:0% the booty then somebody else can get the booty<00:08:09.020> and<00:08:09.170> my<00:08:09.230> plan<00:08:09.590> involved<00:08:09.920> getting 00:08:10.090 --> 00:08:10.100 align:start position:0% booty and my plan involved getting 00:08:10.100 --> 00:08:12.310 align:start position:0% booty and my plan involved getting everybody<00:08:10.550> back<00:08:10.610> online<00:08:10.910> and<00:08:11.240> I<00:08:11.570> was<00:08:12.200> like 00:08:12.310 --> 00:08:12.320 align:start position:0% everybody back online and I was like 00:08:12.320 --> 00:08:14.320 align:start position:0% everybody back online and I was like okay<00:08:12.710> it<00:08:12.740> like<00:08:13.070> let's<00:08:13.820> let's<00:08:14.030> let<00:08:14.240> this 00:08:14.320 --> 00:08:14.330 align:start position:0% okay it like let's let's let this 00:08:14.330 --> 00:08:16.510 align:start position:0% okay it like let's let's let this person<00:08:14.480> do<00:08:14.720> it<00:08:14.840> and<00:08:15.080> I<00:08:15.440> said<00:08:15.470> look<00:08:16.070> if<00:08:16.100> you<00:08:16.340> can 00:08:16.510 --> 00:08:16.520 align:start position:0% person do it and I said look if you can 00:08:16.520 --> 00:08:19.270 align:start position:0% person do it and I said look if you can get<00:08:16.700> this<00:08:16.790> back<00:08:17.000> within<00:08:17.300> 24<00:08:17.660> hours<00:08:17.690> I<00:08:18.170> will<00:08:19.070> pay 00:08:19.270 --> 00:08:19.280 align:start position:0% get this back within 24 hours I will pay 00:08:19.280 --> 00:08:21.640 align:start position:0% get this back within 24 hours I will pay you<00:08:19.340> the<00:08:19.910> dollar<00:08:20.150> price<00:08:20.390> $4,000<00:08:21.200> for<00:08:21.380> it<00:08:21.470> and 00:08:21.640 --> 00:08:21.650 align:start position:0% you the dollar price $4,000 for it and 00:08:21.650 --> 00:08:23.770 align:start position:0% you the dollar price $4,000 for it and within<00:08:22.070> an<00:08:22.400> hour<00:08:22.490> actually<00:08:22.730> 65<00:08:23.300> minutes<00:08:23.540> later 00:08:23.770 --> 00:08:23.780 align:start position:0% within an hour actually 65 minutes later 00:08:23.780 --> 00:08:26.290 align:start position:0% within an hour actually 65 minutes later I<00:08:23.870> had<00:08:24.050> my<00:08:24.080> 4000<00:08:24.740> booty<00:08:24.980> so<00:08:25.400> I<00:08:25.460> sent<00:08:25.670> them<00:08:25.760> 4000 00:08:26.290 --> 00:08:26.300 align:start position:0% I had my 4000 booty so I sent them 4000 00:08:26.300 --> 00:08:28.120 align:start position:0% I had my 4000 booty so I sent them 4000 eath<00:08:26.390> as<00:08:26.600> call<00:08:26.870> them<00:08:26.990> back<00:08:27.110> up<00:08:27.290> so<00:08:27.470> hey<00:08:27.650> yeah 00:08:28.120 --> 00:08:28.130 align:start position:0% eath as call them back up so hey yeah 00:08:28.130 --> 00:08:31.300 align:start position:0% eath as call them back up so hey yeah pleasure<00:08:28.520> doing<00:08:28.760> business<00:08:28.790> with<00:08:29.210> you<00:08:30.310> and 00:08:31.300 --> 00:08:31.310 align:start position:0% pleasure doing business with you and 00:08:31.310 --> 00:08:32.920 align:start position:0% pleasure doing business with you and they<00:08:31.550> were<00:08:31.640> kind<00:08:31.820> enough<00:08:31.970> to<00:08:32.120> do<00:08:32.600> pro<00:08:32.810> bono 00:08:32.920 --> 00:08:32.930 align:start position:0% they were kind enough to do pro bono 00:08:32.930 --> 00:08:34.480 align:start position:0% they were kind enough to do pro bono audits<00:08:33.350> of<00:08:33.470> two<00:08:33.590> of<00:08:33.680> our<00:08:33.800> other<00:08:33.950> contracts<00:08:34.340> too 00:08:34.480 --> 00:08:34.490 align:start position:0% audits of two of our other contracts too 00:08:34.490 --> 00:08:36.100 align:start position:0% audits of two of our other contracts too they<00:08:34.640> didn't<00:08:35.150> find<00:08:35.300> any<00:08:35.450> vulnerabilities<00:08:36.050> in 00:08:36.100 --> 00:08:36.110 align:start position:0% they didn't find any vulnerabilities in 00:08:36.110 --> 00:08:37.420 align:start position:0% they didn't find any vulnerabilities in the<00:08:36.200> spank<00:08:36.410> bank<00:08:36.440> and<00:08:36.770> gave<00:08:36.890> me<00:08:36.979> some<00:08:37.130> notes<00:08:37.310> on 00:08:37.420 --> 00:08:37.430 align:start position:0% the spank bank and gave me some notes on 00:08:37.430 --> 00:08:41.260 align:start position:0% the spank bank and gave me some notes on the<00:08:37.550> Mollick<00:08:37.790> Dow<00:08:37.940> so<00:08:38.330> that<00:08:39.140> was<00:08:39.229> cool<00:08:40.150> so<00:08:41.150> in 00:08:41.260 --> 00:08:41.270 align:start position:0% the Mollick Dow so that was cool so in 00:08:41.270 --> 00:08:43.060 align:start position:0% the Mollick Dow so that was cool so in the<00:08:41.360> aftermath<00:08:41.690> connects<00:08:42.560> we<00:08:42.770> work<00:08:42.920> together 00:08:43.060 --> 00:08:43.070 align:start position:0% the aftermath connects we work together 00:08:43.070 --> 00:08:45.490 align:start position:0% the aftermath connects we work together they<00:08:43.580> prepared<00:08:43.970> a<00:08:44.150> transparency<00:08:44.870> report<00:08:45.320> and 00:08:45.490 --> 00:08:45.500 align:start position:0% they prepared a transparency report and 00:08:45.500 --> 00:08:46.690 align:start position:0% they prepared a transparency report and we<00:08:45.800> did<00:08:46.040> in 00:08:46.690 --> 00:08:46.700 align:start position:0% we did in 00:08:46.700 --> 00:08:48.850 align:start position:0% we did in full<00:08:47.120> team<00:08:47.360> line-by-line<00:08:48.050> audits<00:08:48.740> of<00:08:48.830> the 00:08:48.850 --> 00:08:48.860 align:start position:0% full team line-by-line audits of the 00:08:48.860 --> 00:08:52.360 align:start position:0% full team line-by-line audits of the contracts<00:08:49.430> and<00:08:49.520> hub<00:08:50.060> systems<00:08:51.010> everyday<00:08:52.010> for 00:08:52.360 --> 00:08:52.370 align:start position:0% contracts and hub systems everyday for 00:08:52.370 --> 00:08:55.750 align:start position:0% contracts and hub systems everyday for several<00:08:52.820> hours<00:08:52.940> and<00:08:53.470> identified<00:08:54.470> ten<00:08:55.250> total 00:08:55.750 --> 00:08:55.760 align:start position:0% several hours and identified ten total 00:08:55.760 --> 00:08:57.610 align:start position:0% several hours and identified ten total attack<00:08:56.120> vectors<00:08:56.600> and<00:08:56.840> published<00:08:57.200> all<00:08:57.350> of<00:08:57.470> it 00:08:57.610 --> 00:08:57.620 align:start position:0% attack vectors and published all of it 00:08:57.620 --> 00:09:01.630 align:start position:0% attack vectors and published all of it as<00:08:58.250> part<00:08:58.460> of<00:08:58.490> the<00:08:58.580> transparency<00:08:59.090> report<00:09:00.640> this 00:09:01.630 --> 00:09:01.640 align:start position:0% as part of the transparency report this 00:09:01.640 --> 00:09:02.890 align:start position:0% as part of the transparency report this is<00:09:01.790> what<00:09:01.940> it<00:09:02.030> means<00:09:02.120> to<00:09:02.270> be<00:09:02.390> in<00:09:02.420> production 00:09:02.890 --> 00:09:02.900 align:start position:0% is what it means to be in production 00:09:02.900 --> 00:09:08.880 align:start position:0% is what it means to be in production guys<00:09:04.660> get<00:09:05.660> ready<00:09:06.910> so<00:09:07.910> then<00:09:08.090> we<00:09:08.210> did<00:09:08.300> a<00:09:08.360> reboot 00:09:08.880 --> 00:09:08.890 align:start position:0% guys get ready so then we did a reboot 00:09:08.890 --> 00:09:11.590 align:start position:0% guys get ready so then we did a reboot we<00:09:09.890> decided<00:09:10.340> to<00:09:10.460> rewrite<00:09:10.700> the<00:09:10.880> contracts<00:09:11.330> from 00:09:11.590 --> 00:09:11.600 align:start position:0% we decided to rewrite the contracts from 00:09:11.600 --> 00:09:13.750 align:start position:0% we decided to rewrite the contracts from scratch<00:09:11.930> and<00:09:12.890> we<00:09:13.040> made<00:09:13.190> significant 00:09:13.750 --> 00:09:13.760 align:start position:0% scratch and we made significant 00:09:13.760 --> 00:09:16.600 align:start position:0% scratch and we made significant improvements<00:09:13.910> to<00:09:14.480> our<00:09:14.510> UX<00:09:15.430> while<00:09:16.430> we<00:09:16.520> were 00:09:16.600 --> 00:09:16.610 align:start position:0% improvements to our UX while we were 00:09:16.610 --> 00:09:18.670 align:start position:0% improvements to our UX while we were doing<00:09:16.730> it<00:09:16.940> and<00:09:17.060> this<00:09:17.480> was<00:09:17.690> a<00:09:17.720> combined<00:09:18.290> team 00:09:18.670 --> 00:09:18.680 align:start position:0% doing it and this was a combined team 00:09:18.680 --> 00:09:20.770 align:start position:0% doing it and this was a combined team effort<00:09:18.950> of<00:09:19.130> connects<00:09:19.760> TQ<00:09:20.060> Ken<00:09:20.240> and<00:09:20.510> spank 00:09:20.770 --> 00:09:20.780 align:start position:0% effort of connects TQ Ken and spank 00:09:20.780 --> 00:09:22.480 align:start position:0% effort of connects TQ Ken and spank chain<00:09:20.960> all<00:09:21.200> working<00:09:21.530> together<00:09:21.710> for<00:09:22.070> the<00:09:22.460> last 00:09:22.480 --> 00:09:22.490 align:start position:0% chain all working together for the last 00:09:22.490 --> 00:09:26.080 align:start position:0% chain all working together for the last like<00:09:22.880> two<00:09:23.150> weeks<00:09:23.270> non-stop<00:09:24.400> we<00:09:25.400> were<00:09:25.700> we<00:09:26.000> were 00:09:26.080 --> 00:09:26.090 align:start position:0% like two weeks non-stop we were we were 00:09:26.090 --> 00:09:27.550 align:start position:0% like two weeks non-stop we were we were trying<00:09:26.390> to<00:09:26.570> get<00:09:26.660> it<00:09:26.780> done<00:09:26.930> by<00:09:27.110> DEFCON<00:09:27.470> we 00:09:27.550 --> 00:09:27.560 align:start position:0% trying to get it done by DEFCON we 00:09:27.560 --> 00:09:29.470 align:start position:0% trying to get it done by DEFCON we figured<00:09:27.800> if<00:09:28.040> we<00:09:28.160> if<00:09:28.490> we<00:09:28.550> code<00:09:28.820> non-stop 00:09:29.470 --> 00:09:29.480 align:start position:0% figured if we if we code non-stop 00:09:29.480 --> 00:09:31.960 align:start position:0% figured if we if we code non-stop between<00:09:29.930> now<00:09:30.440> and<00:09:30.470> DEFCON<00:09:31.400> there's<00:09:31.760> some 00:09:31.960 --> 00:09:31.970 align:start position:0% between now and DEFCON there's some 00:09:31.970 --> 00:09:33.370 align:start position:0% between now and DEFCON there's some chance<00:09:32.180> that<00:09:32.450> we'll<00:09:32.540> ship<00:09:32.720> this<00:09:32.900> by<00:09:33.020> DEFCON 00:09:33.370 --> 00:09:33.380 align:start position:0% chance that we'll ship this by DEFCON 00:09:33.380 --> 00:09:35.590 align:start position:0% chance that we'll ship this by DEFCON and<00:09:33.530> then<00:09:33.620> we<00:09:34.040> got<00:09:34.430> pretty<00:09:34.580> far<00:09:34.790> but<00:09:34.970> we<00:09:35.090> will 00:09:35.590 --> 00:09:35.600 align:start position:0% and then we got pretty far but we will 00:09:35.600 --> 00:09:38.380 align:start position:0% and then we got pretty far but we will probably<00:09:35.750> have<00:09:35.960> to<00:09:36.020> ship<00:09:36.230> it<00:09:36.260> next<00:09:36.500> week<00:09:37.390> so 00:09:38.380 --> 00:09:38.390 align:start position:0% probably have to ship it next week so 00:09:38.390 --> 00:09:41.470 align:start position:0% probably have to ship it next week so did<00:09:39.020> the<00:09:39.080> reboot<00:09:39.380> a<00:09:39.860> couple<00:09:40.400> things<00:09:40.610> that<00:09:40.940> I 00:09:41.470 --> 00:09:41.480 align:start position:0% did the reboot a couple things that I 00:09:41.480 --> 00:09:43.480 align:start position:0% did the reboot a couple things that I want<00:09:42.050> to<00:09:42.110> go<00:09:42.260> over<00:09:42.470> on<00:09:42.680> the<00:09:42.950> reboot<00:09:43.190> because 00:09:43.480 --> 00:09:43.490 align:start position:0% want to go over on the reboot because 00:09:43.490 --> 00:09:47.380 align:start position:0% want to go over on the reboot because they're<00:09:43.640> really<00:09:43.760> cool<00:09:44.080> so<00:09:45.190> before<00:09:46.190> we<00:09:47.000> we<00:09:47.240> had 00:09:47.380 --> 00:09:47.390 align:start position:0% they're really cool so before we we had 00:09:47.390 --> 00:09:48.640 align:start position:0% they're really cool so before we we had a<00:09:47.420> payment<00:09:47.810> channel<00:09:48.050> system<00:09:48.350> right<00:09:48.470> and 00:09:48.640 --> 00:09:48.650 align:start position:0% a payment channel system right and 00:09:48.650 --> 00:09:50.350 align:start position:0% a payment channel system right and payment<00:09:48.950> channel<00:09:49.160> systems<00:09:49.490> you<00:09:49.670> you<00:09:50.060> open<00:09:50.300> a 00:09:50.350 --> 00:09:50.360 align:start position:0% payment channel systems you you open a 00:09:50.360 --> 00:09:51.640 align:start position:0% payment channel systems you you open a channel<00:09:50.540> and<00:09:50.720> join<00:09:50.870> the<00:09:51.020> channel<00:09:51.170> so 00:09:51.640 --> 00:09:51.650 align:start position:0% channel and join the channel so 00:09:51.650 --> 00:09:52.990 align:start position:0% channel and join the channel so everybody<00:09:52.130> knows<00:09:52.310> this<00:09:52.490> sort<00:09:52.730> of<00:09:52.790> standard 00:09:52.990 --> 00:09:53.000 align:start position:0% everybody knows this sort of standard 00:09:53.000 --> 00:09:55.060 align:start position:0% everybody knows this sort of standard flow<00:09:53.510> but<00:09:53.780> we<00:09:53.870> reimagined<00:09:54.470> it<00:09:54.590> because<00:09:54.860> we'd 00:09:55.060 --> 00:09:55.070 align:start position:0% flow but we reimagined it because we'd 00:09:55.070 --> 00:09:56.370 align:start position:0% flow but we reimagined it because we'd been<00:09:55.250> dealing<00:09:55.550> with<00:09:55.700> this<00:09:55.850> for<00:09:55.910> a<00:09:56.120> while<00:09:56.180> and 00:09:56.370 --> 00:09:56.380 align:start position:0% been dealing with this for a while and 00:09:56.380 --> 00:09:59.340 align:start position:0% been dealing with this for a while and there<00:09:57.380> was<00:09:57.470> a<00:09:57.500> bunch<00:09:57.710> of<00:09:57.860> really<00:09:58.460> annoying 00:09:59.340 --> 00:09:59.350 align:start position:0% there was a bunch of really annoying 00:09:59.350 --> 00:10:03.850 align:start position:0% there was a bunch of really annoying user<00:10:00.350> flows<00:10:00.710> so<00:10:01.330> for<00:10:02.330> example<00:10:02.750> when<00:10:03.560> the<00:10:03.680> user 00:10:03.850 --> 00:10:03.860 align:start position:0% user flows so for example when the user 00:10:03.860 --> 00:10:05.680 align:start position:0% user flows so for example when the user wanted<00:10:04.280> to<00:10:04.400> deposit<00:10:04.670> money<00:10:04.970> into<00:10:05.210> the<00:10:05.390> channel 00:10:05.680 --> 00:10:05.690 align:start position:0% wanted to deposit money into the channel 00:10:05.690 --> 00:10:07.780 align:start position:0% wanted to deposit money into the channel they<00:10:06.380> would<00:10:06.530> have<00:10:06.680> to<00:10:06.800> call<00:10:06.950> the<00:10:07.190> create 00:10:07.780 --> 00:10:07.790 align:start position:0% they would have to call the create 00:10:07.790 --> 00:10:09.460 align:start position:0% they would have to call the create channel<00:10:08.150> function<00:10:08.330> and<00:10:08.690> then<00:10:09.050> the<00:10:09.110> hub<00:10:09.290> would 00:10:09.460 --> 00:10:09.470 align:start position:0% channel function and then the hub would 00:10:09.470 --> 00:10:12.100 align:start position:0% channel function and then the hub would wait<00:10:10.100> until<00:10:10.490> it<00:10:10.610> saw<00:10:10.730> that<00:10:10.760> happen<00:10:11.270> and 00:10:12.100 --> 00:10:12.110 align:start position:0% wait until it saw that happen and 00:10:12.110 --> 00:10:13.870 align:start position:0% wait until it saw that happen and keeping<00:10:12.620> in<00:10:12.740> mind<00:10:12.890> that<00:10:13.040> we<00:10:13.280> wait<00:10:13.550> several 00:10:13.870 --> 00:10:13.880 align:start position:0% keeping in mind that we wait several 00:10:13.880 --> 00:10:15.310 align:start position:0% keeping in mind that we wait several block<00:10:14.150> confirmations<00:10:14.780> like<00:10:14.930> five<00:10:15.080> block 00:10:15.310 --> 00:10:15.320 align:start position:0% block confirmations like five block 00:10:15.320 --> 00:10:16.360 align:start position:0% block confirmations like five block confirmations<00:10:15.800> so<00:10:15.860> it's<00:10:15.980> not<00:10:16.070> just<00:10:16.250> like 00:10:16.360 --> 00:10:16.370 align:start position:0% confirmations so it's not just like 00:10:16.370 --> 00:10:18.340 align:start position:0% confirmations so it's not just like fifteen<00:10:17.060> seconds<00:10:17.420> it's<00:10:17.540> like<00:10:17.660> a<00:10:17.810> minute<00:10:18.200> and<00:10:18.260> a 00:10:18.340 --> 00:10:18.350 align:start position:0% fifteen seconds it's like a minute and a 00:10:18.350 --> 00:10:20.680 align:start position:0% fifteen seconds it's like a minute and a half<00:10:18.380> right<00:10:18.800> and<00:10:18.950> then<00:10:19.100> after<00:10:19.880> that<00:10:20.300> the<00:10:20.510> hub 00:10:20.680 --> 00:10:20.690 align:start position:0% half right and then after that the hub 00:10:20.690 --> 00:10:23.590 align:start position:0% half right and then after that the hub would<00:10:20.870> join<00:10:21.200> the<00:10:21.350> channel<00:10:21.560> and<00:10:21.920> then<00:10:22.600> they 00:10:23.590 --> 00:10:23.600 align:start position:0% would join the channel and then they 00:10:23.600 --> 00:10:25.270 align:start position:0% would join the channel and then they would<00:10:23.720> deposit<00:10:24.140> the<00:10:24.620> money<00:10:24.710> and<00:10:24.980> do<00:10:25.190> an 00:10:25.270 --> 00:10:25.280 align:start position:0% would deposit the money and do an 00:10:25.280 --> 00:10:29.080 align:start position:0% would deposit the money and do an exchange<00:10:25.490> and<00:10:26.950> so<00:10:27.950> it<00:10:28.040> took<00:10:28.160> several<00:10:28.640> minutes 00:10:29.080 --> 00:10:29.090 align:start position:0% exchange and so it took several minutes 00:10:29.090 --> 00:10:31.600 align:start position:0% exchange and so it took several minutes of<00:10:29.480> waiting<00:10:29.870> for<00:10:30.110> the<00:10:30.290> user<00:10:30.350> right<00:10:30.650> another 00:10:31.600 --> 00:10:31.610 align:start position:0% of waiting for the user right another 00:10:31.610 --> 00:10:34.900 align:start position:0% of waiting for the user right another annoying<00:10:31.850> flow<00:10:32.210> was<00:10:33.760> especially<00:10:34.760> more 00:10:34.900 --> 00:10:34.910 align:start position:0% annoying flow was especially more 00:10:34.910 --> 00:10:36.280 align:start position:0% annoying flow was especially more annoying<00:10:35.120> for<00:10:35.420> the<00:10:35.510> performer<00:10:36.050> when<00:10:36.170> the 00:10:36.280 --> 00:10:36.290 align:start position:0% annoying for the performer when the 00:10:36.290 --> 00:10:38.890 align:start position:0% annoying for the performer when the performer<00:10:36.650> wanted<00:10:36.920> to<00:10:37.010> join<00:10:37.160> a<00:10:37.220> channel<00:10:37.900> they 00:10:38.890 --> 00:10:38.900 align:start position:0% performer wanted to join a channel they 00:10:38.900 --> 00:10:40.630 align:start position:0% performer wanted to join a channel they would<00:10:39.050> also<00:10:39.320> have<00:10:39.680> to<00:10:39.800> call<00:10:39.980> create<00:10:40.310> channel 00:10:40.630 --> 00:10:40.640 align:start position:0% would also have to call create channel 00:10:40.640 --> 00:10:42.670 align:start position:0% would also have to call create channel and<00:10:40.820> the<00:10:41.360> performers<00:10:41.780> don't<00:10:42.140> have<00:10:42.350> any<00:10:42.470> eath 00:10:42.670 --> 00:10:42.680 align:start position:0% and the performers don't have any eath 00:10:42.680 --> 00:10:43.960 align:start position:0% and the performers don't have any eath and<00:10:42.950> they're<00:10:43.220> not<00:10:43.310> supposed<00:10:43.610> to<00:10:43.670> have<00:10:43.820> any 00:10:43.960 --> 00:10:43.970 align:start position:0% and they're not supposed to have any 00:10:43.970 --> 00:10:46.480 align:start position:0% and they're not supposed to have any ones<00:10:44.780> getting<00:10:45.080> paid<00:10:45.320> so<00:10:45.590> they<00:10:46.190> shouldn't<00:10:46.430> have 00:10:46.480 --> 00:10:46.490 align:start position:0% ones getting paid so they shouldn't have 00:10:46.490 --> 00:10:48.100 align:start position:0% ones getting paid so they shouldn't have to<00:10:46.790> and<00:10:46.910> so<00:10:46.940> we<00:10:47.300> actually<00:10:47.420> ended<00:10:47.600> up<00:10:47.780> writing<00:10:47.990> a 00:10:48.100 --> 00:10:48.110 align:start position:0% to and so we actually ended up writing a 00:10:48.110 --> 00:10:49.720 align:start position:0% to and so we actually ended up writing a little<00:10:48.290> but<00:10:48.590> like<00:10:48.920> when<00:10:49.130> the<00:10:49.280> performer<00:10:49.610> was 00:10:49.720 --> 00:10:49.730 align:start position:0% little but like when the performer was 00:10:49.730 --> 00:10:52.870 align:start position:0% little but like when the performer was about<00:10:50.000> to<00:10:50.440> start<00:10:51.440> a<00:10:51.500> show<00:10:51.830> we<00:10:52.160> we<00:10:52.460> would<00:10:52.610> send 00:10:52.870 --> 00:10:52.880 align:start position:0% about to start a show we we would send 00:10:52.880 --> 00:10:54.580 align:start position:0% about to start a show we we would send them<00:10:53.000> a<00:10:53.090> small<00:10:53.330> amount<00:10:53.570> of<00:10:53.630> ether<00:10:53.960> so<00:10:54.410> that 00:10:54.580 --> 00:10:54.590 align:start position:0% them a small amount of ether so that 00:10:54.590 --> 00:10:56.320 align:start position:0% them a small amount of ether so that they<00:10:54.710> would<00:10:54.890> then<00:10:55.010> be<00:10:55.070> able<00:10:55.430> to<00:10:55.580> open<00:10:56.210> the 00:10:56.320 --> 00:10:56.330 align:start position:0% they would then be able to open the 00:10:56.330 --> 00:10:59.290 align:start position:0% they would then be able to open the channel<00:10:56.720> and<00:10:57.500> that<00:10:57.530> was<00:10:58.430> crazy<00:10:58.820> and<00:10:59.060> then<00:10:59.180> we 00:10:59.290 --> 00:10:59.300 align:start position:0% channel and that was crazy and then we 00:10:59.300 --> 00:10:59.690 align:start position:0% channel and that was crazy and then we would<00:10:59.420> join 00:10:59.690 --> 00:10:59.700 align:start position:0% would join 00:10:59.700 --> 00:11:02.120 align:start position:0% would join and<00:11:00.630> in<00:11:00.780> the<00:11:00.840> performer<00:11:01.230> withdrawal<00:11:01.620> was<00:11:01.890> even 00:11:02.120 --> 00:11:02.130 align:start position:0% and in the performer withdrawal was even 00:11:02.130 --> 00:11:03.950 align:start position:0% and in the performer withdrawal was even worse<00:11:02.310> so<00:11:03.090> when<00:11:03.210> the<00:11:03.270> performers<00:11:03.630> wanted<00:11:03.900> to 00:11:03.950 --> 00:11:03.960 align:start position:0% worse so when the performers wanted to 00:11:03.960 --> 00:11:06.560 align:start position:0% worse so when the performers wanted to withdraw<00:11:05.000> especially<00:11:06.000> in<00:11:06.090> the<00:11:06.180> upgraded 00:11:06.560 --> 00:11:06.570 align:start position:0% withdraw especially in the upgraded 00:11:06.570 --> 00:11:11.270 align:start position:0% withdraw especially in the upgraded version<00:11:07.820> they<00:11:08.820> they<00:11:09.240> earn<00:11:09.750> booty<00:11:10.350> because<00:11:10.950> we 00:11:11.270 --> 00:11:11.280 align:start position:0% version they they earn booty because we 00:11:11.280 --> 00:11:14.900 align:start position:0% version they they earn booty because we we<00:11:11.730> used<00:11:11.970> fini<00:11:13.070> denominated<00:11:14.070> eath<00:11:14.310> in 00:11:14.900 --> 00:11:14.910 align:start position:0% we used fini denominated eath in 00:11:14.910 --> 00:11:17.510 align:start position:0% we used fini denominated eath in production<00:11:15.420> for<00:11:15.660> a<00:11:15.690> while<00:11:15.870> and<00:11:16.770> then<00:11:17.070> we<00:11:17.190> you 00:11:17.510 --> 00:11:17.520 align:start position:0% production for a while and then we you 00:11:17.520 --> 00:11:18.950 align:start position:0% production for a while and then we you know<00:11:17.580> I<00:11:17.820> don't<00:11:18.360> know<00:11:18.420> if<00:11:18.510> you<00:11:18.600> guys<00:11:18.690> have<00:11:18.840> been 00:11:18.950 --> 00:11:18.960 align:start position:0% know I don't know if you guys have been 00:11:18.960 --> 00:11:20.120 align:start position:0% know I don't know if you guys have been paying<00:11:19.110> attention<00:11:19.170> I<00:11:19.620> know<00:11:19.860> we're<00:11:20.040> not 00:11:20.120 --> 00:11:20.130 align:start position:0% paying attention I know we're not 00:11:20.130 --> 00:11:21.530 align:start position:0% paying attention I know we're not supposed<00:11:20.280> to<00:11:20.460> talk<00:11:20.610> about<00:11:20.760> prices<00:11:21.180> and<00:11:21.210> stuff 00:11:21.530 --> 00:11:21.540 align:start position:0% supposed to talk about prices and stuff 00:11:21.540 --> 00:11:25.790 align:start position:0% supposed to talk about prices and stuff but<00:11:22.140> everything<00:11:22.830> crashed<00:11:23.660> miserably<00:11:24.660> for<00:11:25.530> the 00:11:25.790 --> 00:11:25.800 align:start position:0% but everything crashed miserably for the 00:11:25.800 --> 00:11:28.490 align:start position:0% but everything crashed miserably for the entire<00:11:26.280> year<00:11:26.910> and<00:11:27.120> so<00:11:27.630> anybody<00:11:28.020> who<00:11:28.170> had<00:11:28.290> any 00:11:28.490 --> 00:11:28.500 align:start position:0% entire year and so anybody who had any 00:11:28.500 --> 00:11:30.200 align:start position:0% entire year and so anybody who had any money<00:11:28.680> on<00:11:28.920> spank<00:11:29.160> Shane<00:11:29.340> lost<00:11:29.520> a<00:11:29.700> bunch<00:11:29.940> of<00:11:30.090> it 00:11:30.200 --> 00:11:30.210 align:start position:0% money on spank Shane lost a bunch of it 00:11:30.210 --> 00:11:31.520 align:start position:0% money on spank Shane lost a bunch of it and<00:11:30.870> that<00:11:31.020> sucked 00:11:31.520 --> 00:11:31.530 align:start position:0% and that sucked 00:11:31.530 --> 00:11:33.890 align:start position:0% and that sucked and<00:11:31.680> so<00:11:32.100> realized<00:11:32.640> you<00:11:32.910> know<00:11:33.000> stable<00:11:33.750> coins 00:11:33.890 --> 00:11:33.900 align:start position:0% and so realized you know stable coins 00:11:33.900 --> 00:11:35.180 align:start position:0% and so realized you know stable coins are<00:11:34.050> actually<00:11:34.260> really<00:11:34.470> helpful<00:11:34.650> so 00:11:35.180 --> 00:11:35.190 align:start position:0% are actually really helpful so 00:11:35.190 --> 00:11:37.730 align:start position:0% are actually really helpful so performers<00:11:35.760> we<00:11:36.570> started<00:11:36.900> earning<00:11:37.020> in<00:11:37.410> booty 00:11:37.730 --> 00:11:37.740 align:start position:0% performers we started earning in booty 00:11:37.740 --> 00:11:39.920 align:start position:0% performers we started earning in booty and<00:11:38.040> then<00:11:38.910> when<00:11:39.090> they<00:11:39.210> cash<00:11:39.360> out<00:11:39.540> they<00:11:39.690> want<00:11:39.870> to 00:11:39.920 --> 00:11:39.930 align:start position:0% and then when they cash out they want to 00:11:39.930 --> 00:11:41.030 align:start position:0% and then when they cash out they want to cash<00:11:40.050> out<00:11:40.170> neat<00:11:40.350> so<00:11:40.530> I<00:11:40.560> can<00:11:40.740> send<00:11:40.890> it<00:11:41.010> to 00:11:41.030 --> 00:11:41.040 align:start position:0% cash out neat so I can send it to 00:11:41.040 --> 00:11:42.650 align:start position:0% cash out neat so I can send it to whatever<00:11:41.580> exchange<00:11:42.060> and<00:11:42.270> get<00:11:42.360> it<00:11:42.480> in<00:11:42.570> their 00:11:42.650 --> 00:11:42.660 align:start position:0% whatever exchange and get it in their 00:11:42.660 --> 00:11:45.860 align:start position:0% whatever exchange and get it in their bank<00:11:43.010> but<00:11:44.010> the<00:11:44.400> the<00:11:45.000> process<00:11:45.450> of<00:11:45.570> going<00:11:45.720> from 00:11:45.860 --> 00:11:45.870 align:start position:0% bank but the the process of going from 00:11:45.870 --> 00:11:47.870 align:start position:0% bank but the the process of going from booty<00:11:46.680> in<00:11:46.770> your<00:11:46.920> channel<00:11:47.190> to<00:11:47.340> eath<00:11:47.550> in<00:11:47.790> a 00:11:47.870 --> 00:11:47.880 align:start position:0% booty in your channel to eath in a 00:11:47.880 --> 00:11:50.540 align:start position:0% booty in your channel to eath in a wallet<00:11:48.120> was<00:11:49.020> really<00:11:49.290> annoying<00:11:49.500> because<00:11:50.070> you 00:11:50.540 --> 00:11:50.550 align:start position:0% wallet was really annoying because you 00:11:50.550 --> 00:11:53.150 align:start position:0% wallet was really annoying because you had<00:11:50.760> to<00:11:51.060> either<00:11:51.870> close<00:11:52.410> there's<00:11:52.980> a<00:11:53.010> couple 00:11:53.150 --> 00:11:53.160 align:start position:0% had to either close there's a couple 00:11:53.160 --> 00:11:54.350 align:start position:0% had to either close there's a couple ways<00:11:53.250> of<00:11:53.430> doing<00:11:53.490> it<00:11:53.640> you<00:11:53.700> could<00:11:53.910> close<00:11:54.210> the 00:11:54.350 --> 00:11:54.360 align:start position:0% ways of doing it you could close the 00:11:54.360 --> 00:11:56.000 align:start position:0% ways of doing it you could close the channel<00:11:54.540> and<00:11:54.840> then<00:11:55.260> you'd<00:11:55.410> have<00:11:55.620> the<00:11:55.800> booty 00:11:56.000 --> 00:11:56.010 align:start position:0% channel and then you'd have the booty 00:11:56.010 --> 00:11:57.710 align:start position:0% channel and then you'd have the booty and<00:11:56.040> then<00:11:56.730> you<00:11:56.970> would<00:11:57.060> send<00:11:57.300> that<00:11:57.330> to<00:11:57.510> the<00:11:57.600> hub 00:11:57.710 --> 00:11:57.720 align:start position:0% and then you would send that to the hub 00:11:57.720 --> 00:11:59.210 align:start position:0% and then you would send that to the hub and<00:11:57.750> hub<00:11:58.080> would<00:11:58.230> give<00:11:58.740> you<00:11:58.860> back 00:11:59.210 --> 00:11:59.220 align:start position:0% and hub would give you back 00:11:59.220 --> 00:12:01.370 align:start position:0% and hub would give you back Etha<00:11:59.370> or<00:12:00.210> you<00:12:00.660> would<00:12:00.780> wait<00:12:00.960> for<00:12:00.990> the<00:12:01.200> hub<00:12:01.350> to 00:12:01.370 --> 00:12:01.380 align:start position:0% Etha or you would wait for the hub to 00:12:01.380 --> 00:12:03.200 align:start position:0% Etha or you would wait for the hub to deposit<00:12:01.800> eath<00:12:02.190> into<00:12:02.550> the<00:12:02.640> channel<00:12:02.970> and<00:12:03.120> then 00:12:03.200 --> 00:12:03.210 align:start position:0% deposit eath into the channel and then 00:12:03.210 --> 00:12:05.750 align:start position:0% deposit eath into the channel and then you<00:12:04.200> would<00:12:04.350> swap<00:12:04.770> in<00:12:04.980> the<00:12:05.100> channel<00:12:05.400> and<00:12:05.610> then 00:12:05.750 --> 00:12:05.760 align:start position:0% you would swap in the channel and then 00:12:05.760 --> 00:12:07.250 align:start position:0% you would swap in the channel and then you<00:12:05.850> would<00:12:05.970> close<00:12:06.120> it<00:12:06.300> but<00:12:06.480> then<00:12:06.660> the<00:12:07.020> next 00:12:07.250 --> 00:12:07.260 align:start position:0% you would close it but then the next 00:12:07.260 --> 00:12:08.690 align:start position:0% you would close it but then the next time<00:12:07.440> you<00:12:07.740> would<00:12:07.830> still<00:12:08.160> have<00:12:08.310> to<00:12:08.340> go<00:12:08.460> through 00:12:08.690 --> 00:12:08.700 align:start position:0% time you would still have to go through 00:12:08.700 --> 00:12:10.520 align:start position:0% time you would still have to go through that<00:12:08.790> process<00:12:08.970> of<00:12:09.390> creating<00:12:10.020> the<00:12:10.110> channel<00:12:10.230> and 00:12:10.520 --> 00:12:10.530 align:start position:0% that process of creating the channel and 00:12:10.530 --> 00:12:12.980 align:start position:0% that process of creating the channel and joining<00:12:10.710> the<00:12:10.920> channel<00:12:11.190> again<00:12:11.430> and<00:12:11.780> it<00:12:12.780> was<00:12:12.930> a 00:12:12.980 --> 00:12:12.990 align:start position:0% joining the channel again and it was a 00:12:12.990 --> 00:12:15.860 align:start position:0% joining the channel again and it was a mess<00:12:13.230> and<00:12:13.500> so<00:12:14.460> what<00:12:14.700> we<00:12:14.850> ended<00:12:15.480> up<00:12:15.600> being<00:12:15.780> able 00:12:15.860 --> 00:12:15.870 align:start position:0% mess and so what we ended up being able 00:12:15.870 --> 00:12:18.950 align:start position:0% mess and so what we ended up being able to<00:12:16.080> do<00:12:16.230> is<00:12:17.070> get<00:12:17.640> every<00:12:18.090> combination<00:12:18.570> of 00:12:18.950 --> 00:12:18.960 align:start position:0% to do is get every combination of 00:12:18.960 --> 00:12:21.260 align:start position:0% to do is get every combination of deposits<00:12:19.500> withdrawals<00:12:19.830> and<00:12:20.400> exchange<00:12:20.880> in<00:12:21.150> a 00:12:21.260 --> 00:12:21.270 align:start position:0% deposits withdrawals and exchange in a 00:12:21.270 --> 00:12:23.210 align:start position:0% deposits withdrawals and exchange in a single<00:12:21.570> on<00:12:21.690> chain<00:12:21.870> transaction<00:12:22.440> so 00:12:23.210 --> 00:12:23.220 align:start position:0% single on chain transaction so 00:12:23.220 --> 00:12:25.100 align:start position:0% single on chain transaction so performers<00:12:23.700> when<00:12:23.850> they<00:12:24.000> want<00:12:24.210> to<00:12:24.360> start<00:12:24.990> a 00:12:25.100 --> 00:12:25.110 align:start position:0% performers when they want to start a 00:12:25.110 --> 00:12:28.520 align:start position:0% performers when they want to start a show<00:12:25.260> now<00:12:25.880> they<00:12:26.880> just<00:12:27.210> sign<00:12:27.510> it<00:12:27.690> a<00:12:27.720> thing<00:12:28.380> and 00:12:28.520 --> 00:12:28.530 align:start position:0% show now they just sign it a thing and 00:12:28.530 --> 00:12:30.230 align:start position:0% show now they just sign it a thing and the<00:12:28.590> hub<00:12:28.740> will<00:12:29.010> deposit<00:12:29.370> into<00:12:29.820> their<00:12:29.940> channel 00:12:30.230 --> 00:12:30.240 align:start position:0% the hub will deposit into their channel 00:12:30.240 --> 00:12:32.690 align:start position:0% the hub will deposit into their channel directly<00:12:30.540> one<00:12:31.500> transaction<00:12:32.040> they<00:12:32.460> don't<00:12:32.610> need 00:12:32.690 --> 00:12:32.700 align:start position:0% directly one transaction they don't need 00:12:32.700 --> 00:12:34.970 align:start position:0% directly one transaction they don't need any<00:12:32.880> eath<00:12:33.120> for<00:12:33.780> every<00:12:34.080> operation<00:12:34.440> that<00:12:34.710> is<00:12:34.830> not 00:12:34.970 --> 00:12:34.980 align:start position:0% any eath for every operation that is not 00:12:34.980 --> 00:12:36.920 align:start position:0% any eath for every operation that is not the<00:12:35.340> user<00:12:35.580> depositing<00:12:36.180> into<00:12:36.330> their<00:12:36.750> own 00:12:36.920 --> 00:12:36.930 align:start position:0% the user depositing into their own 00:12:36.930 --> 00:12:39.260 align:start position:0% the user depositing into their own channel<00:12:37.260> to<00:12:37.410> fund<00:12:37.590> it<00:12:37.740> the<00:12:38.190> hub<00:12:38.670> will<00:12:39.000> be<00:12:39.120> able 00:12:39.260 --> 00:12:39.270 align:start position:0% channel to fund it the hub will be able 00:12:39.270 --> 00:12:41.030 align:start position:0% channel to fund it the hub will be able to<00:12:39.480> do<00:12:39.600> it<00:12:39.720> so<00:12:40.230> long<00:12:40.380> as<00:12:40.530> they<00:12:40.650> have<00:12:40.770> a<00:12:40.800> user 00:12:41.030 --> 00:12:41.040 align:start position:0% to do it so long as they have a user 00:12:41.040 --> 00:12:42.880 align:start position:0% to do it so long as they have a user signature<00:12:41.280> and<00:12:41.730> that<00:12:41.760> keeps<00:12:42.000> things<00:12:42.210> in<00:12:42.330> sync 00:12:42.880 --> 00:12:42.890 align:start position:0% signature and that keeps things in sync 00:12:42.890 --> 00:12:45.260 align:start position:0% signature and that keeps things in sync and<00:12:43.890> that's<00:12:44.460> it's<00:12:44.700> gonna<00:12:44.790> be<00:12:44.970> a<00:12:45.030> much<00:12:45.120> better 00:12:45.260 --> 00:12:45.270 align:start position:0% and that's it's gonna be a much better 00:12:45.270 --> 00:12:46.550 align:start position:0% and that's it's gonna be a much better model<00:12:45.510> and<00:12:45.750> I'm<00:12:45.810> really<00:12:45.960> excited<00:12:46.110> to<00:12:46.410> launch 00:12:46.550 --> 00:12:46.560 align:start position:0% model and I'm really excited to launch 00:12:46.560 --> 00:12:52.850 align:start position:0% model and I'm really excited to launch it<00:12:47.960> so<00:12:50.450> also<00:12:51.450> wanted<00:12:51.690> to<00:12:51.780> announce<00:12:51.990> our 00:12:52.850 --> 00:12:52.860 align:start position:0% it so also wanted to announce our 00:12:52.860 --> 00:12:55.190 align:start position:0% it so also wanted to announce our decentralized<00:12:53.280> exchange<00:12:53.900> which<00:12:54.900> will<00:12:55.080> be 00:12:55.190 --> 00:12:55.200 align:start position:0% decentralized exchange which will be 00:12:55.200 --> 00:13:00.670 align:start position:0% decentralized exchange which will be called<00:12:55.860> swap 00:13:00.670 --> 00:13:00.680 align:start position:0% 00:13:00.680 --> 00:13:02.990 align:start position:0% I'm<00:13:01.680> gonna<00:13:01.830> I'm<00:13:02.040> gonna<00:13:02.130> give<00:13:02.310> a<00:13:02.340> demo<00:13:02.700> of<00:13:02.820> this 00:13:02.990 --> 00:13:03.000 align:start position:0% I'm gonna I'm gonna give a demo of this 00:13:03.000 --> 00:13:05.450 align:start position:0% I'm gonna I'm gonna give a demo of this actually<00:13:03.360> in<00:13:03.450> a<00:13:03.480> second<00:13:03.779> and<00:13:04.710> I<00:13:05.100> don't<00:13:05.190> want<00:13:05.400> to 00:13:05.450 --> 00:13:05.460 align:start position:0% actually in a second and I don't want to 00:13:05.460 --> 00:13:08.000 align:start position:0% actually in a second and I don't want to I<00:13:05.490> want<00:13:05.670> to<00:13:05.790> talk<00:13:05.910> about<00:13:06.029> the<00:13:06.270> future<00:13:07.010> other 00:13:08.000 --> 00:13:08.010 align:start position:0% I want to talk about the future other 00:13:08.010 --> 00:13:09.260 align:start position:0% I want to talk about the future other things<00:13:08.310> that<00:13:08.460> we're<00:13:08.550> building<00:13:08.700> affiliate 00:13:09.260 --> 00:13:09.270 align:start position:0% things that we're building affiliate 00:13:09.270 --> 00:13:10.700 align:start position:0% things that we're building affiliate system<00:13:09.570> with<00:13:09.720> instant<00:13:10.050> pants<00:13:10.410> and<00:13:10.590> other 00:13:10.700 --> 00:13:10.710 align:start position:0% system with instant pants and other 00:13:10.710 --> 00:13:12.710 align:start position:0% system with instant pants and other great<00:13:11.040> use<00:13:11.220> for<00:13:11.250> payment<00:13:11.700> channels<00:13:11.970> we're 00:13:12.710 --> 00:13:12.720 align:start position:0% great use for payment channels we're 00:13:12.720 --> 00:13:14.060 align:start position:0% great use for payment channels we're very<00:13:13.140> excited<00:13:13.260> to<00:13:13.590> integrate<00:13:13.890> with<00:13:13.950> the 00:13:14.060 --> 00:13:14.070 align:start position:0% very excited to integrate with the 00:13:14.070 --> 00:13:16.340 align:start position:0% very excited to integrate with the gnosis<00:13:14.250> safe<00:13:14.490> multi-sig<00:13:14.970> wallet<00:13:15.270> and<00:13:15.960> we're 00:13:16.340 --> 00:13:16.350 align:start position:0% gnosis safe multi-sig wallet and we're 00:13:16.350 --> 00:13:17.930 align:start position:0% gnosis safe multi-sig wallet and we're looking<00:13:16.620> for<00:13:16.830> partnerships<00:13:17.220> for<00:13:17.580> Fiat 00:13:17.930 --> 00:13:17.940 align:start position:0% looking for partnerships for Fiat 00:13:17.940 --> 00:13:19.790 align:start position:0% looking for partnerships for Fiat off-ramps<00:13:18.450> so<00:13:18.660> that<00:13:18.810> performers<00:13:19.200> can<00:13:19.380> earn 00:13:19.790 --> 00:13:19.800 align:start position:0% off-ramps so that performers can earn 00:13:19.800 --> 00:13:21.380 align:start position:0% off-ramps so that performers can earn booty<00:13:20.130> in<00:13:20.220> a<00:13:20.310> channel<00:13:20.610> and<00:13:20.790> then<00:13:20.910> spend<00:13:21.300> it 00:13:21.380 --> 00:13:21.390 align:start position:0% booty in a channel and then spend it 00:13:21.390 --> 00:13:22.910 align:start position:0% booty in a channel and then spend it with<00:13:21.480> a<00:13:21.510> card<00:13:21.779> then<00:13:22.350> they<00:13:22.440> don't<00:13:22.529> need<00:13:22.680> a<00:13:22.740> bank 00:13:22.910 --> 00:13:22.920 align:start position:0% with a card then they don't need a bank 00:13:22.920 --> 00:13:26.269 align:start position:0% with a card then they don't need a bank and<00:13:23.220> then<00:13:23.339> we<00:13:23.460> went<00:13:24.410> and<00:13:25.410> this<00:13:25.560> is<00:13:25.800> I<00:13:26.130> don't 00:13:26.269 --> 00:13:26.279 align:start position:0% and then we went and this is I don't 00:13:26.279 --> 00:13:28.579 align:start position:0% and then we went and this is I don't know<00:13:26.339> if<00:13:26.430> you<00:13:26.490> guys<00:13:26.610> all<00:13:26.790> saw<00:13:26.940> this<00:13:27.120> but<00:13:27.589> we're 00:13:28.579 --> 00:13:28.589 align:start position:0% know if you guys all saw this but we're 00:13:28.589 --> 00:13:30.110 align:start position:0% know if you guys all saw this but we're also<00:13:28.770> very<00:13:28.950> interested<00:13:29.670> in<00:13:29.760> entering<00:13:30.029> the 00:13:30.110 --> 00:13:30.120 align:start position:0% also very interested in entering the 00:13:30.120 --> 00:13:33.530 align:start position:0% also very interested in entering the crypto<00:13:30.690> teledildonics<00:13:31.140> space<00:13:31.850> and<00:13:32.850> using<00:13:33.270> the 00:13:33.530 --> 00:13:33.540 align:start position:0% crypto teledildonics space and using the 00:13:33.540 --> 00:13:37.130 align:start position:0% crypto teledildonics space and using the Daddy<00:13:34.370> the<00:13:35.370> the<00:13:35.640> the<00:13:36.150> work<00:13:36.330> that<00:13:36.600> team<00:13:36.839> daddy 00:13:37.130 --> 00:13:37.140 align:start position:0% Daddy the the the work that team daddy 00:13:37.140 --> 00:13:39.079 align:start position:0% Daddy the the the work that team daddy made<00:13:37.440> in<00:13:37.650> the<00:13:37.950> status<00:13:38.279> hackathon<00:13:38.670> that<00:13:38.850> is<00:13:39.060> a 00:13:39.079 --> 00:13:39.089 align:start position:0% made in the status hackathon that is a 00:13:39.089 --> 00:13:43.670 align:start position:0% made in the status hackathon that is a dildo<00:13:39.630> that<00:13:40.290> he<00:13:40.440> is<00:13:40.529> holding<00:13:40.710> on<00:13:40.980> stage<00:13:42.680> which 00:13:43.670 --> 00:13:43.680 align:start position:0% dildo that he is holding on stage which 00:13:43.680 --> 00:13:45.350 align:start position:0% dildo that he is holding on stage which which<00:13:43.920> is<00:13:44.070> controlled<00:13:44.490> by<00:13:44.580> the<00:13:44.730> etherium<00:13:45.210> a 00:13:45.350 --> 00:13:45.360 align:start position:0% which is controlled by the etherium a 00:13:45.360 --> 00:13:48.920 align:start position:0% which is controlled by the etherium a net-like<00:13:47.240> yeah<00:13:48.240> it's<00:13:48.480> pretty<00:13:48.600> it's<00:13:48.900> pretty 00:13:48.920 --> 00:13:48.930 align:start position:0% net-like yeah it's pretty it's pretty 00:13:48.930 --> 00:13:53.990 align:start position:0% net-like yeah it's pretty it's pretty cool<00:13:50.360> so<00:13:51.360> let<00:13:52.350> me<00:13:52.610> show<00:13:53.610> you<00:13:53.670> guys<00:13:53.820> something 00:13:53.990 --> 00:13:54.000 align:start position:0% cool so let me show you guys something 00:13:54.000 --> 00:13:57.650 align:start position:0% cool so let me show you guys something neat<00:13:55.730> this<00:13:56.730> is<00:13:56.940> this<00:13:57.210> is<00:13:57.360> gonna<00:13:57.480> be<00:13:57.630> our 00:13:57.650 --> 00:13:57.660 align:start position:0% neat this is this is gonna be our 00:13:57.660 --> 00:13:59.300 align:start position:0% neat this is this is gonna be our exchange<00:13:58.170> interface<00:13:58.560> simplest<00:13:59.040> ever 00:13:59.300 --> 00:13:59.310 align:start position:0% exchange interface simplest ever 00:13:59.310 --> 00:14:01.610 align:start position:0% exchange interface simplest ever standard<00:14:00.120> interface<00:14:00.390> best<00:14:00.660> UX<00:14:00.930> on<00:14:01.050> earth<00:14:01.170> you 00:14:01.610 --> 00:14:01.620 align:start position:0% standard interface best UX on earth you 00:14:01.620 --> 00:14:02.870 align:start position:0% standard interface best UX on earth you push<00:14:02.010> the<00:14:02.130> button<00:14:02.370> you<00:14:02.460> get<00:14:02.580> what<00:14:02.670> you<00:14:02.760> want 00:14:02.870 --> 00:14:02.880 align:start position:0% push the button you get what you want 00:14:02.880 --> 00:14:08.480 align:start position:0% push the button you get what you want here's<00:14:03.089> how<00:14:03.180> it<00:14:03.240> works<00:14:05.270> as<00:14:06.860> you<00:14:07.860> as<00:14:08.339> you 00:14:08.480 --> 00:14:08.490 align:start position:0% here's how it works as you as you 00:14:08.490 --> 00:14:09.620 align:start position:0% here's how it works as you as you increase<00:14:08.700> power<00:14:08.970> you<00:14:09.210> can't<00:14:09.390> see<00:14:09.480> them 00:14:09.620 --> 00:14:09.630 align:start position:0% increase power you can't see them 00:14:09.630 --> 00:14:10.850 align:start position:0% increase power you can't see them shooting<00:14:09.990> out<00:14:10.110> of<00:14:10.140> the<00:14:10.290> card<00:14:10.530> because<00:14:10.710> the 00:14:10.850 --> 00:14:10.860 align:start position:0% shooting out of the card because the 00:14:10.860 --> 00:14:13.040 align:start position:0% shooting out of the card because the resolutions<00:14:11.400> whack<00:14:11.730> but<00:14:12.540> normally<00:14:12.870> normally 00:14:13.040 --> 00:14:13.050 align:start position:0% resolutions whack but normally normally 00:14:13.050 --> 00:14:14.690 align:start position:0% resolutions whack but normally normally what<00:14:13.380> you'd<00:14:13.500> see<00:14:13.680> is<00:14:13.800> the<00:14:14.250> little<00:14:14.370> globules 00:14:14.690 --> 00:14:14.700 align:start position:0% what you'd see is the little globules 00:14:14.700 --> 00:14:18.170 align:start position:0% what you'd see is the little globules which<00:14:14.940> shoot<00:14:15.540> out<00:14:15.690> of<00:14:15.780> the<00:14:15.839> cart<00:14:16.050> and<00:14:17.180> then 00:14:18.170 --> 00:14:18.180 align:start position:0% which shoot out of the cart and then 00:14:18.180 --> 00:14:20.780 align:start position:0% which shoot out of the cart and then they<00:14:18.300> make<00:14:18.600> this<00:14:18.750> big<00:14:18.960> glob<00:14:19.140> and<00:14:19.640> then<00:14:20.640> when 00:14:20.780 --> 00:14:20.790 align:start position:0% they make this big glob and then when 00:14:20.790 --> 00:14:22.640 align:start position:0% they make this big glob and then when you<00:14:20.880> when<00:14:21.120> you<00:14:21.180> hit<00:14:21.300> confirm<00:14:21.690> it<00:14:22.380> like 00:14:22.640 --> 00:14:22.650 align:start position:0% you when you hit confirm it like 00:14:22.650 --> 00:14:25.490 align:start position:0% you when you hit confirm it like pulsates<00:14:23.220> for<00:14:23.430> a<00:14:23.460> second<00:14:23.850> and<00:14:24.350> then<00:14:25.350> it 00:14:25.490 --> 00:14:25.500 align:start position:0% pulsates for a second and then it 00:14:25.500 --> 00:14:26.660 align:start position:0% pulsates for a second and then it disappears<00:14:25.920> I<00:14:26.040> was<00:14:26.160> trying<00:14:26.310> to<00:14:26.339> get<00:14:26.460> it<00:14:26.580> to 00:14:26.660 --> 00:14:26.670 align:start position:0% disappears I was trying to get it to 00:14:26.670 --> 00:14:30.170 align:start position:0% disappears I was trying to get it to like<00:14:26.790> coagulate<00:14:27.480> and<00:14:27.720> then<00:14:27.870> drip<00:14:28.140> but<00:14:29.180> you 00:14:30.170 --> 00:14:30.180 align:start position:0% like coagulate and then drip but you 00:14:30.180 --> 00:14:33.650 align:start position:0% like coagulate and then drip but you know<00:14:30.300> we're<00:14:31.140> limited<00:14:31.500> by<00:14:31.650> the<00:14:31.710> technology 00:14:33.650 --> 00:14:33.660 align:start position:0% know we're limited by the technology 00:14:33.660 --> 00:14:37.380 align:start position:0% know we're limited by the technology all<00:14:34.660> right<00:14:34.900> that's<00:14:35.740> all<00:14:35.800> I<00:14:35.860> got<00:14:36.130> and<00:14:36.310> now<00:14:37.060> I'd 00:14:37.380 --> 00:14:37.390 align:start position:0% all right that's all I got and now I'd 00:14:37.390 --> 00:14:39.600 align:start position:0% all right that's all I got and now I'd like<00:14:37.510> to<00:14:37.570> invite<00:14:37.930> our<00:14:38.140> June<00:14:38.500> up<00:14:38.620> and<00:14:38.830> here's 00:14:39.600 --> 00:14:39.610 align:start position:0% like to invite our June up and here's 00:14:39.610 --> 00:14:50.310 align:start position:0% like to invite our June up and here's his<00:14:39.900> presentation<00:14:40.950> cool<00:14:42.180> thank<00:14:43.180> you<00:14:49.320> hello 00:14:50.310 --> 00:14:50.320 align:start position:0% his presentation cool thank you hello 00:14:50.320 --> 00:14:53.010 align:start position:0% his presentation cool thank you hello hello<00:14:50.710> I'm<00:14:51.490> Arjun<00:14:51.940> I<00:14:52.150> am<00:14:52.600> the<00:14:52.750> founder<00:14:52.870> of 00:14:53.010 --> 00:14:53.020 align:start position:0% hello I'm Arjun I am the founder of 00:14:53.020 --> 00:14:56.640 align:start position:0% hello I'm Arjun I am the founder of connect<00:14:53.520> we<00:14:54.520> worked<00:14:55.090> with<00:14:55.450> spank<00:14:55.780> chain<00:14:55.960> we're 00:14:56.640 --> 00:14:56.650 align:start position:0% connect we worked with spank chain we're 00:14:56.650 --> 00:14:58.050 align:start position:0% connect we worked with spank chain we're going<00:14:56.830> to<00:14:56.950> continue<00:14:57.400> to<00:14:57.550> work<00:14:57.670> with<00:14:57.730> spank 00:14:58.050 --> 00:14:58.060 align:start position:0% going to continue to work with spank 00:14:58.060 --> 00:15:02.280 align:start position:0% going to continue to work with spank chain<00:14:58.240> for<00:14:58.660> obvious<00:14:59.140> reasons<00:15:00.930> I'm<00:15:01.930> gonna<00:15:02.200> zoom 00:15:02.280 --> 00:15:02.290 align:start position:0% chain for obvious reasons I'm gonna zoom 00:15:02.290 --> 00:15:04.290 align:start position:0% chain for obvious reasons I'm gonna zoom out<00:15:02.440> and<00:15:02.650> give<00:15:02.740> a<00:15:02.770> little<00:15:03.520> bit<00:15:03.640> of<00:15:03.790> context 00:15:04.290 --> 00:15:04.300 align:start position:0% out and give a little bit of context 00:15:04.300 --> 00:15:05.910 align:start position:0% out and give a little bit of context about<00:15:04.660> everything<00:15:05.170> that<00:15:05.200> we're<00:15:05.410> doing<00:15:05.440> and 00:15:05.910 --> 00:15:05.920 align:start position:0% about everything that we're doing and 00:15:05.920 --> 00:15:08.460 align:start position:0% about everything that we're doing and then<00:15:06.010> that<00:15:06.190> way<00:15:06.310> you<00:15:07.240> can<00:15:07.390> see<00:15:07.570> where<00:15:08.200> we<00:15:08.350> are 00:15:08.460 --> 00:15:08.470 align:start position:0% then that way you can see where we are 00:15:08.470 --> 00:15:09.510 align:start position:0% then that way you can see where we are now<00:15:08.650> and<00:15:08.830> where<00:15:09.010> we<00:15:09.130> want<00:15:09.280> to<00:15:09.340> be<00:15:09.400> in<00:15:09.460> the 00:15:09.510 --> 00:15:09.520 align:start position:0% now and where we want to be in the 00:15:09.520 --> 00:15:10.370 align:start position:0% now and where we want to be in the future 00:15:10.370 --> 00:15:10.380 align:start position:0% future 00:15:10.380 --> 00:15:12.300 align:start position:0% future one<00:15:11.380> thing<00:15:11.590> that<00:15:11.740> we<00:15:11.800> sort<00:15:11.980> of<00:15:12.040> asked 00:15:12.300 --> 00:15:12.310 align:start position:0% one thing that we sort of asked 00:15:12.310 --> 00:15:13.950 align:start position:0% one thing that we sort of asked ourselves<00:15:12.670> when<00:15:12.790> we<00:15:12.910> started<00:15:13.360> working<00:15:13.750> in 00:15:13.950 --> 00:15:13.960 align:start position:0% ourselves when we started working in 00:15:13.960 --> 00:15:17.220 align:start position:0% ourselves when we started working in this<00:15:14.050> industry<00:15:14.230> was<00:15:14.650> in<00:15:15.550> if<00:15:16.060> in<00:15:16.420> you<00:15:17.080> know<00:15:17.200> a 00:15:17.220 --> 00:15:17.230 align:start position:0% this industry was in if in you know a 00:15:17.230 --> 00:15:19.110 align:start position:0% this industry was in if in you know a year<00:15:17.620> or<00:15:17.890> two<00:15:18.070> years<00:15:18.370> every<00:15:18.670> single<00:15:18.820> thing 00:15:19.110 --> 00:15:19.120 align:start position:0% year or two years every single thing 00:15:19.120 --> 00:15:20.550 align:start position:0% year or two years every single thing that<00:15:19.150> we<00:15:19.390> do<00:15:19.570> in<00:15:19.720> scaling<00:15:19.960> becomes<00:15:20.380> obsolete 00:15:20.550 --> 00:15:20.560 align:start position:0% that we do in scaling becomes obsolete 00:15:20.560 --> 00:15:23.580 align:start position:0% that we do in scaling becomes obsolete which<00:15:20.950> it<00:15:21.100> will<00:15:21.690> what<00:15:22.690> is<00:15:22.720> the<00:15:23.020> point<00:15:23.200> of<00:15:23.470> doing 00:15:23.580 --> 00:15:23.590 align:start position:0% which it will what is the point of doing 00:15:23.590 --> 00:15:25.110 align:start position:0% which it will what is the point of doing scaling<00:15:24.130> research<00:15:24.400> in<00:15:24.490> the<00:15:24.580> first<00:15:24.730> place<00:15:24.910> or 00:15:25.110 --> 00:15:25.120 align:start position:0% scaling research in the first place or 00:15:25.120 --> 00:15:27.180 align:start position:0% scaling research in the first place or at<00:15:25.270> least<00:15:25.390> building<00:15:25.810> scaling<00:15:26.260> systems<00:15:26.920> right 00:15:27.180 --> 00:15:27.190 align:start position:0% at least building scaling systems right 00:15:27.190 --> 00:15:29.880 align:start position:0% at least building scaling systems right now<00:15:27.240> and<00:15:28.240> the<00:15:28.570> truth<00:15:28.750> is<00:15:28.930> that<00:15:28.960> there<00:15:29.410> are<00:15:29.560> a 00:15:29.880 --> 00:15:29.890 align:start position:0% now and the truth is that there are a 00:15:29.890 --> 00:15:31.920 align:start position:0% now and the truth is that there are a set<00:15:30.400> of<00:15:30.460> problems<00:15:31.000> that<00:15:31.330> can<00:15:31.540> be<00:15:31.600> solved 00:15:31.920 --> 00:15:31.930 align:start position:0% set of problems that can be solved 00:15:31.930 --> 00:15:33.990 align:start position:0% set of problems that can be solved immediately<00:15:32.020> that<00:15:32.920> are<00:15:33.190> associated<00:15:33.520> with<00:15:33.820> the 00:15:33.990 --> 00:15:34.000 align:start position:0% immediately that are associated with the 00:15:34.000 --> 00:15:35.370 align:start position:0% immediately that are associated with the things<00:15:34.210> that<00:15:34.360> you<00:15:34.420> cannot<00:15:34.780> do<00:15:35.020> in<00:15:35.140> the<00:15:35.170> world 00:15:35.370 --> 00:15:35.380 align:start position:0% things that you cannot do in the world 00:15:35.380 --> 00:15:36.020 align:start position:0% things that you cannot do in the world right<00:15:35.590> now 00:15:36.020 --> 00:15:36.030 align:start position:0% right now 00:15:36.030 --> 00:15:38.010 align:start position:0% right now spank<00:15:37.030> chain<00:15:37.180> is<00:15:37.330> a<00:15:37.390> great<00:15:37.540> example<00:15:37.690> of<00:15:37.870> this 00:15:38.010 --> 00:15:38.020 align:start position:0% spank chain is a great example of this 00:15:38.020 --> 00:15:40.800 align:start position:0% spank chain is a great example of this right<00:15:38.940> doing<00:15:39.940> instant<00:15:40.420> peer-to-peer 00:15:40.800 --> 00:15:40.810 align:start position:0% right doing instant peer-to-peer 00:15:40.810 --> 00:15:42.300 align:start position:0% right doing instant peer-to-peer payments<00:15:41.380> for<00:15:41.500> the<00:15:41.590> adult<00:15:41.830> industry<00:15:41.950> was<00:15:42.280> not 00:15:42.300 --> 00:15:42.310 align:start position:0% payments for the adult industry was not 00:15:42.310 --> 00:15:44.490 align:start position:0% payments for the adult industry was not really<00:15:42.670> possible<00:15:42.820> doing<00:15:43.810> payments<00:15:44.320> for<00:15:44.440> the 00:15:44.490 --> 00:15:44.500 align:start position:0% really possible doing payments for the 00:15:44.500 --> 00:15:45.780 align:start position:0% really possible doing payments for the adult<00:15:44.770> industry<00:15:44.980> was<00:15:45.340> really<00:15:45.370> really 00:15:45.780 --> 00:15:45.790 align:start position:0% adult industry was really really 00:15:45.790 --> 00:15:49.200 align:start position:0% adult industry was really really difficult<00:15:46.180> and<00:15:46.330> and<00:15:47.200> now<00:15:47.410> we<00:15:47.470> can<00:15:47.650> do<00:15:47.770> them<00:15:48.210> so 00:15:49.200 --> 00:15:49.210 align:start position:0% difficult and and now we can do them so 00:15:49.210 --> 00:15:51.330 align:start position:0% difficult and and now we can do them so what<00:15:49.420> can't<00:15:49.720> legacy<00:15:50.380> financial<00:15:50.530> systems<00:15:51.160> do 00:15:51.330 --> 00:15:51.340 align:start position:0% what can't legacy financial systems do 00:15:51.340 --> 00:15:53.490 align:start position:0% what can't legacy financial systems do legacy<00:15:52.210> financial<00:15:52.360> systems<00:15:52.930> can't<00:15:53.170> do<00:15:53.320> very 00:15:53.490 --> 00:15:53.500 align:start position:0% legacy financial systems can't do very 00:15:53.500 --> 00:15:55.770 align:start position:0% legacy financial systems can't do very very<00:15:53.650> small<00:15:54.100> things<00:15:54.660> legacy<00:15:55.660> financial 00:15:55.770 --> 00:15:55.780 align:start position:0% very small things legacy financial 00:15:55.780 --> 00:15:57.990 align:start position:0% very small things legacy financial systems<00:15:56.350> can't<00:15:56.560> serve<00:15:56.770> high<00:15:57.040> risk<00:15:57.370> users<00:15:57.760> and 00:15:57.990 --> 00:15:58.000 align:start position:0% systems can't serve high risk users and 00:15:58.000 --> 00:16:00.470 align:start position:0% systems can't serve high risk users and they<00:15:58.510> can't<00:15:58.780> really<00:15:59.050> do<00:15:59.290> peer-to-peer 00:16:00.470 --> 00:16:00.480 align:start position:0% they can't really do peer-to-peer 00:16:00.480 --> 00:16:03.210 align:start position:0% they can't really do peer-to-peer anything<00:16:01.480> that<00:16:02.050> you<00:16:02.230> guys<00:16:02.440> can<00:16:02.680> think<00:16:02.890> of<00:16:03.010> that 00:16:03.210 --> 00:16:03.220 align:start position:0% anything that you guys can think of that 00:16:03.220 --> 00:16:05.220 align:start position:0% anything that you guys can think of that falls<00:16:03.490> under<00:16:03.670> these<00:16:04.030> things<00:16:04.330> please<00:16:04.870> come 00:16:05.220 --> 00:16:05.230 align:start position:0% falls under these things please come 00:16:05.230 --> 00:16:06.420 align:start position:0% falls under these things please come talk<00:16:05.470> to<00:16:05.650> us<00:16:05.740> because<00:16:05.920> we're<00:16:06.250> really 00:16:06.420 --> 00:16:06.430 align:start position:0% talk to us because we're really 00:16:06.430 --> 00:16:09.710 align:start position:0% talk to us because we're really interested<00:16:06.970> in<00:16:07.090> figuring<00:16:07.300> out<00:16:07.570> how<00:16:07.630> to<00:16:07.810> help 00:16:09.710 --> 00:16:09.720 align:start position:0% interested in figuring out how to help 00:16:09.720 --> 00:16:14.040 align:start position:0% interested in figuring out how to help what<00:16:10.720> is<00:16:10.810> connects<00:16:11.140> a<00:16:11.860> lot<00:16:12.820> of<00:16:13.030> people<00:16:13.270> I<00:16:13.840> think 00:16:14.040 --> 00:16:14.050 align:start position:0% what is connects a lot of people I think 00:16:14.050 --> 00:16:16.740 align:start position:0% what is connects a lot of people I think that<00:16:14.500> wears<00:16:14.740> like<00:16:15.610> a<00:16:15.820> subset<00:16:16.210> of<00:16:16.240> spank<00:16:16.600> chain 00:16:16.740 --> 00:16:16.750 align:start position:0% that wears like a subset of spank chain 00:16:16.750 --> 00:16:18.300 align:start position:0% that wears like a subset of spank chain it<00:16:17.380> makes<00:16:17.590> sense<00:16:17.770> because<00:16:17.920> we've<00:16:18.190> been 00:16:18.300 --> 00:16:18.310 align:start position:0% it makes sense because we've been 00:16:18.310 --> 00:16:20.840 align:start position:0% it makes sense because we've been working<00:16:18.880> together<00:16:19.240> so<00:16:19.570> closely<00:16:19.810> for<00:16:20.080> so<00:16:20.200> long 00:16:20.840 --> 00:16:20.850 align:start position:0% working together so closely for so long 00:16:20.850 --> 00:16:23.550 align:start position:0% working together so closely for so long really<00:16:21.850> what<00:16:22.150> we<00:16:22.270> are<00:16:22.420> is<00:16:22.660> just<00:16:22.990> open<00:16:23.320> source 00:16:23.550 --> 00:16:23.560 align:start position:0% really what we are is just open source 00:16:23.560 --> 00:16:25.140 align:start position:0% really what we are is just open source an<00:16:23.800> opinionated<00:16:24.280> infrastructure<00:16:25.000> for 00:16:25.140 --> 00:16:25.150 align:start position:0% an opinionated infrastructure for 00:16:25.150 --> 00:16:27.540 align:start position:0% an opinionated infrastructure for scaling<00:16:25.710> specifically<00:16:26.710> for<00:16:26.980> scaling<00:16:27.280> micro 00:16:27.540 --> 00:16:27.550 align:start position:0% scaling specifically for scaling micro 00:16:27.550 --> 00:16:31.860 align:start position:0% scaling specifically for scaling micro payments<00:16:28.260> we<00:16:29.260> want<00:16:29.740> to<00:16:30.340> help<00:16:30.850> the<00:16:31.330> projects 00:16:31.860 --> 00:16:31.870 align:start position:0% payments we want to help the projects 00:16:31.870 --> 00:16:35.700 align:start position:0% payments we want to help the projects that<00:16:32.110> have<00:16:32.410> this<00:16:32.980> problem<00:16:33.400> today<00:16:34.110> and<00:16:35.110> collect 00:16:35.700 --> 00:16:35.710 align:start position:0% that have this problem today and collect 00:16:35.710 --> 00:16:38.700 align:start position:0% that have this problem today and collect data<00:16:35.950> and<00:16:36.310> hopefully<00:16:36.940> money<00:16:37.390> to<00:16:38.290> be<00:16:38.500> able<00:16:38.560> to 00:16:38.700 --> 00:16:38.710 align:start position:0% data and hopefully money to be able to 00:16:38.710 --> 00:16:40.880 align:start position:0% data and hopefully money to be able to solve<00:16:39.010> the<00:16:39.220> scaling<00:16:39.580> problems<00:16:39.880> in<00:16:40.030> the<00:16:40.120> future 00:16:40.880 --> 00:16:40.890 align:start position:0% solve the scaling problems in the future 00:16:40.890 --> 00:16:42.750 align:start position:0% solve the scaling problems in the future Jeff<00:16:41.890> Coleman<00:16:42.220> is<00:16:42.370> definitely<00:16:42.670> gonna 00:16:42.750 --> 00:16:42.760 align:start position:0% Jeff Coleman is definitely gonna 00:16:42.760 --> 00:16:44.520 align:start position:0% Jeff Coleman is definitely gonna disagree<00:16:43.150> with<00:16:43.270> me<00:16:43.360> on<00:16:43.390> this<00:16:43.570> but<00:16:43.690> I<00:16:43.750> really<00:16:44.380> do 00:16:44.520 --> 00:16:44.530 align:start position:0% disagree with me on this but I really do 00:16:44.530 --> 00:16:46.990 align:start position:0% disagree with me on this but I really do think<00:16:44.710> there<00:16:44.920> is<00:16:44.950> a<00:16:45.250> ton<00:16:45.850> of<00:16:45.880> value<00:16:46.150> in<00:16:46.510> doing 00:16:46.990 --> 00:16:47.000 align:start position:0% think there is a ton of value in doing 00:16:47.000 --> 00:16:48.490 align:start position:0% think there is a ton of value in doing imitation<00:16:47.420> and<00:16:47.570> actually<00:16:47.870> collecting<00:16:48.320> real 00:16:48.490 --> 00:16:48.500 align:start position:0% imitation and actually collecting real 00:16:48.500 --> 00:16:51.610 align:start position:0% imitation and actually collecting real user<00:16:48.800> data<00:16:49.150> this<00:16:50.150> is<00:16:50.330> sort<00:16:50.840> of<00:16:50.900> a<00:16:51.110> view<00:16:51.380> that 00:16:51.610 --> 00:16:51.620 align:start position:0% user data this is sort of a view that 00:16:51.620 --> 00:16:53.200 align:start position:0% user data this is sort of a view that Amina<00:16:51.920> and<00:16:51.980> I<00:16:52.100> share<00:16:52.340> and<00:16:52.520> big<00:16:52.910> part<00:16:53.090> of<00:16:53.120> the 00:16:53.200 --> 00:16:53.210 align:start position:0% Amina and I share and big part of the 00:16:53.210 --> 00:16:57.220 align:start position:0% Amina and I share and big part of the reason<00:16:53.420> why<00:16:53.510> we're<00:16:53.660> working<00:16:53.900> together<00:16:56.230> so 00:16:57.220 --> 00:16:57.230 align:start position:0% reason why we're working together so 00:16:57.230 --> 00:17:00.610 align:start position:0% reason why we're working together so what<00:16:57.560> did<00:16:57.680> we<00:16:57.830> learn<00:16:58.070> from<00:16:58.130> spank<00:16:58.700> chain<00:16:59.320> we<00:17:00.320> we 00:17:00.610 --> 00:17:00.620 align:start position:0% what did we learn from spank chain we we 00:17:00.620 --> 00:17:01.900 align:start position:0% what did we learn from spank chain we we partnered<00:17:01.010> up<00:17:01.100> really<00:17:01.310> closely<00:17:01.520> with<00:17:01.670> them 00:17:01.900 --> 00:17:01.910 align:start position:0% partnered up really closely with them 00:17:01.910 --> 00:17:03.340 align:start position:0% partnered up really closely with them and<00:17:02.090> there<00:17:02.510> were<00:17:02.570> some<00:17:02.780> really<00:17:02.990> phenomenal 00:17:03.340 --> 00:17:03.350 align:start position:0% and there were some really phenomenal 00:17:03.350 --> 00:17:06.250 align:start position:0% and there were some really phenomenal things<00:17:03.980> that<00:17:04.160> came<00:17:04.339> out<00:17:04.370> of<00:17:04.520> it<00:17:05.110> one<00:17:06.110> of<00:17:06.170> the 00:17:06.250 --> 00:17:06.260 align:start position:0% things that came out of it one of the 00:17:06.260 --> 00:17:07.540 align:start position:0% things that came out of it one of the biggest<00:17:06.410> things<00:17:06.709> was<00:17:06.920> that<00:17:07.160> the<00:17:07.339> adult 00:17:07.540 --> 00:17:07.550 align:start position:0% biggest things was that the adult 00:17:07.550 --> 00:17:11.410 align:start position:0% biggest things was that the adult industry<00:17:07.790> is<00:17:08.209> really<00:17:08.689> really<00:17:08.930> cool<00:17:10.420> it's 00:17:11.410 --> 00:17:11.420 align:start position:0% industry is really really cool it's 00:17:11.420 --> 00:17:15.040 align:start position:0% industry is really really cool it's really<00:17:11.660> an<00:17:12.470> awesome<00:17:12.980> space<00:17:13.250> they<00:17:13.880> are<00:17:14.089> very 00:17:15.040 --> 00:17:15.050 align:start position:0% really an awesome space they are very 00:17:15.050 --> 00:17:16.929 align:start position:0% really an awesome space they are very very<00:17:15.380> open-minded<00:17:15.770> very<00:17:16.130> willing<00:17:16.760> to<00:17:16.790> learn 00:17:16.929 --> 00:17:16.939 align:start position:0% very open-minded very willing to learn 00:17:16.939 --> 00:17:19.840 align:start position:0% very open-minded very willing to learn new<00:17:17.300> things<00:17:17.329> and<00:17:17.900> most<00:17:18.530> importantly<00:17:19.069> there 00:17:19.840 --> 00:17:19.850 align:start position:0% new things and most importantly there 00:17:19.850 --> 00:17:22.059 align:start position:0% new things and most importantly there are<00:17:19.880> a<00:17:20.030> ton<00:17:20.600> of<00:17:20.630> problems<00:17:21.140> that<00:17:21.500> exist<00:17:21.860> over 00:17:22.059 --> 00:17:22.069 align:start position:0% are a ton of problems that exist over 00:17:22.069 --> 00:17:23.380 align:start position:0% are a ton of problems that exist over there<00:17:22.220> that<00:17:22.370> can<00:17:22.490> be<00:17:22.550> solved<00:17:22.819> by<00:17:22.880> crypto<00:17:23.240> and 00:17:23.380 --> 00:17:23.390 align:start position:0% there that can be solved by crypto and 00:17:23.390 --> 00:17:25.600 align:start position:0% there that can be solved by crypto and solved<00:17:23.569> by<00:17:23.660> auction<00:17:24.020> in<00:17:24.140> general<00:17:24.610> highly 00:17:25.600 --> 00:17:25.610 align:start position:0% solved by auction in general highly 00:17:25.610 --> 00:17:26.740 align:start position:0% solved by auction in general highly recommend<00:17:25.939> you<00:17:26.030> guys<00:17:26.150> check<00:17:26.360> it<00:17:26.390> out<00:17:26.540> if<00:17:26.689> you 00:17:26.740 --> 00:17:26.750 align:start position:0% recommend you guys check it out if you 00:17:26.750 --> 00:17:31.150 align:start position:0% recommend you guys check it out if you don't<00:17:26.870> already<00:17:29.260> the<00:17:30.260> second<00:17:30.620> thing<00:17:30.800> that<00:17:30.830> we 00:17:31.150 --> 00:17:31.160 align:start position:0% don't already the second thing that we 00:17:31.160 --> 00:17:33.670 align:start position:0% don't already the second thing that we learned<00:17:31.370> and<00:17:31.640> and<00:17:32.000> again<00:17:32.840> I'm<00:17:33.290> sorry 00:17:33.670 --> 00:17:33.680 align:start position:0% learned and and again I'm sorry 00:17:33.680 --> 00:17:35.950 align:start position:0% learned and and again I'm sorry counterfactual<00:17:34.370> guys<00:17:34.520> and<00:17:35.360> all<00:17:35.570> of<00:17:35.690> the<00:17:35.810> other 00:17:35.950 --> 00:17:35.960 align:start position:0% counterfactual guys and all of the other 00:17:35.960 --> 00:17:39.220 align:start position:0% counterfactual guys and all of the other researchers<00:17:36.410> but<00:17:36.560> that<00:17:37.420> so<00:17:38.420> so<00:17:38.660> there<00:17:39.080> is<00:17:39.200> a 00:17:39.220 --> 00:17:39.230 align:start position:0% researchers but that so so there is a 00:17:39.230 --> 00:17:43.120 align:start position:0% researchers but that so so there is a lot<00:17:39.470> of<00:17:39.590> theory<00:17:39.830> in<00:17:40.040> scaling<00:17:40.340> research<00:17:42.130> well 00:17:43.120 --> 00:17:43.130 align:start position:0% lot of theory in scaling research well 00:17:43.130 --> 00:17:44.980 align:start position:0% lot of theory in scaling research well and<00:17:43.160> it's<00:17:43.430> really<00:17:43.670> incredibly<00:17:44.420> valuable<00:17:44.750> to 00:17:44.980 --> 00:17:44.990 align:start position:0% and it's really incredibly valuable to 00:17:44.990 --> 00:17:47.500 align:start position:0% and it's really incredibly valuable to do<00:17:45.200> these<00:17:45.380> exercises<00:17:45.650> and<00:17:46.340> and<00:17:46.520> learn<00:17:46.880> what 00:17:47.500 --> 00:17:47.510 align:start position:0% do these exercises and and learn what 00:17:47.510 --> 00:17:49.120 align:start position:0% do these exercises and and learn what sorts<00:17:47.810> of<00:17:47.870> things<00:17:48.080> are<00:17:48.230> possible<00:17:48.470> within<00:17:48.950> a 00:17:49.120 --> 00:17:49.130 align:start position:0% sorts of things are possible within a 00:17:49.130 --> 00:17:51.610 align:start position:0% sorts of things are possible within a logical<00:17:49.550> framework<00:17:49.700> the<00:17:50.600> thing<00:17:50.870> that<00:17:51.110> happens 00:17:51.610 --> 00:17:51.620 align:start position:0% logical framework the thing that happens 00:17:51.620 --> 00:17:53.560 align:start position:0% logical framework the thing that happens though<00:17:51.920> is<00:17:52.190> that<00:17:52.250> when<00:17:52.670> you<00:17:52.850> put<00:17:53.150> this<00:17:53.390> stuff 00:17:53.560 --> 00:17:53.570 align:start position:0% though is that when you put this stuff 00:17:53.570 --> 00:17:55.510 align:start position:0% though is that when you put this stuff on<00:17:53.870> main<00:17:54.170> net<00:17:54.410> when<00:17:54.800> you<00:17:54.890> put<00:17:55.070> it<00:17:55.160> in<00:17:55.250> front<00:17:55.370> of 00:17:55.510 --> 00:17:55.520 align:start position:0% on main net when you put it in front of 00:17:55.520 --> 00:17:59.620 align:start position:0% on main net when you put it in front of real<00:17:55.670> users<00:17:56.980> almost<00:17:57.980> all<00:17:58.190> of<00:17:58.220> it<00:17:58.370> breaks<00:17:58.630> we 00:17:59.620 --> 00:17:59.630 align:start position:0% real users almost all of it breaks we 00:17:59.630 --> 00:18:01.540 align:start position:0% real users almost all of it breaks we went<00:17:59.870> through<00:18:00.140> like<00:18:00.860> I<00:18:00.890> mean<00:18:01.070> I<00:18:01.190> mean<00:18:01.340> didn't 00:18:01.540 --> 00:18:01.550 align:start position:0% went through like I mean I mean didn't 00:18:01.550 --> 00:18:02.860 align:start position:0% went through like I mean I mean didn't mention<00:18:01.790> this<00:18:01.880> but<00:18:02.000> we<00:18:02.150> actually<00:18:02.570> also 00:18:02.860 --> 00:18:02.870 align:start position:0% mention this but we actually also 00:18:02.870 --> 00:18:04.660 align:start position:0% mention this but we actually also between<00:18:03.410> you<00:18:03.860> know<00:18:03.980> implementation 00:18:04.660 --> 00:18:04.670 align:start position:0% between you know implementation 00:18:04.670 --> 00:18:06.250 align:start position:0% between you know implementation implementation<00:18:04.760> three<00:18:05.570> and<00:18:05.750> implementation 00:18:06.250 --> 00:18:06.260 align:start position:0% implementation three and implementation 00:18:06.260 --> 00:18:07.900 align:start position:0% implementation three and implementation four<00:18:06.470> went<00:18:06.710> through<00:18:06.830> like<00:18:06.980> three<00:18:07.280> rewrites<00:18:07.790> of 00:18:07.900 --> 00:18:07.910 align:start position:0% four went through like three rewrites of 00:18:07.910 --> 00:18:08.920 align:start position:0% four went through like three rewrites of like<00:18:08.060> the<00:18:08.150> framework<00:18:08.450> that<00:18:08.540> we<00:18:08.600> wanted<00:18:08.870> to 00:18:08.920 --> 00:18:08.930 align:start position:0% like the framework that we wanted to 00:18:08.930 --> 00:18:11.680 align:start position:0% like the framework that we wanted to work<00:18:09.020> with<00:18:09.080> and<00:18:09.980> like<00:18:10.160> we<00:18:10.310> we<00:18:10.700> as<00:18:10.940> connect<00:18:11.270> sort 00:18:11.680 --> 00:18:11.690 align:start position:0% work with and like we we as connect sort 00:18:11.690 --> 00:18:12.940 align:start position:0% work with and like we we as connect sort of<00:18:11.780> initially<00:18:12.110> came<00:18:12.290> to<00:18:12.440> spank<00:18:12.590> chain<00:18:12.770> with 00:18:12.940 --> 00:18:12.950 align:start position:0% of initially came to spank chain with 00:18:12.950 --> 00:18:14.500 align:start position:0% of initially came to spank chain with like<00:18:13.130> hey<00:18:13.460> we've<00:18:13.670> already<00:18:13.880> built<00:18:14.120> this<00:18:14.330> whole 00:18:14.500 --> 00:18:14.510 align:start position:0% like hey we've already built this whole 00:18:14.510 --> 00:18:15.610 align:start position:0% like hey we've already built this whole thing<00:18:14.720> like<00:18:14.990> why<00:18:15.140> don't<00:18:15.290> you<00:18:15.380> guys<00:18:15.470> just 00:18:15.610 --> 00:18:15.620 align:start position:0% thing like why don't you guys just 00:18:15.620 --> 00:18:17.620 align:start position:0% thing like why don't you guys just integrate<00:18:16.010> it<00:18:16.130> and<00:18:16.250> none<00:18:17.060> of<00:18:17.090> it<00:18:17.420> would<00:18:17.600> have 00:18:17.620 --> 00:18:17.630 align:start position:0% integrate it and none of it would have 00:18:17.630 --> 00:18:21.190 align:start position:0% integrate it and none of it would have made<00:18:17.960> sense<00:18:18.170> like<00:18:18.650> literally<00:18:19.520> none<00:18:19.700> of<00:18:19.820> it<00:18:20.200> and 00:18:21.190 --> 00:18:21.200 align:start position:0% made sense like literally none of it and 00:18:21.200 --> 00:18:24.670 align:start position:0% made sense like literally none of it and the<00:18:22.510> reason<00:18:23.510> that<00:18:23.720> that<00:18:23.870> happens<00:18:24.320> is<00:18:24.380> because 00:18:24.670 --> 00:18:24.680 align:start position:0% the reason that that happens is because 00:18:24.680 --> 00:18:29.110 align:start position:0% the reason that that happens is because your<00:18:25.430> users<00:18:25.640> are<00:18:25.970> crazy<00:18:27.340> they<00:18:28.340> they<00:18:29.000> don't 00:18:29.110 --> 00:18:29.120 align:start position:0% your users are crazy they they don't 00:18:29.120 --> 00:18:31.060 align:start position:0% your users are crazy they they don't really<00:18:29.630> do<00:18:29.870> any<00:18:30.230> of<00:18:30.470> the<00:18:30.620> things<00:18:30.770> that<00:18:30.920> you 00:18:31.060 --> 00:18:31.070 align:start position:0% really do any of the things that you 00:18:31.070 --> 00:18:32.980 align:start position:0% really do any of the things that you expect<00:18:31.370> them<00:18:31.580> to<00:18:31.610> do<00:18:31.850> they<00:18:32.030> have<00:18:32.300> entirely 00:18:32.980 --> 00:18:32.990 align:start position:0% expect them to do they have entirely 00:18:32.990 --> 00:18:34.480 align:start position:0% expect them to do they have entirely different<00:18:33.200> needs<00:18:33.800> and<00:18:34.010> most<00:18:34.160> of<00:18:34.280> the<00:18:34.340> time 00:18:34.480 --> 00:18:34.490 align:start position:0% different needs and most of the time 00:18:34.490 --> 00:18:35.740 align:start position:0% different needs and most of the time they<00:18:34.610> don't<00:18:34.700> fully<00:18:34.970> understand<00:18:35.390> your<00:18:35.510> system 00:18:35.740 --> 00:18:35.750 align:start position:0% they don't fully understand your system 00:18:35.750 --> 00:18:37.900 align:start position:0% they don't fully understand your system and<00:18:35.930> so<00:18:36.260> until<00:18:36.590> you<00:18:36.890> spend<00:18:37.130> a<00:18:37.370> bunch<00:18:37.580> of<00:18:37.670> time 00:18:37.900 --> 00:18:37.910 align:start position:0% and so until you spend a bunch of time 00:18:37.910 --> 00:18:39.190 align:start position:0% and so until you spend a bunch of time working<00:18:38.180> with<00:18:38.450> them<00:18:38.570> until<00:18:38.750> you<00:18:38.960> spend<00:18:39.110> a 00:18:39.190 --> 00:18:39.200 align:start position:0% working with them until you spend a 00:18:39.200 --> 00:18:40.690 align:start position:0% working with them until you spend a bunch<00:18:39.350> of<00:18:39.410> time<00:18:39.590> collecting<00:18:39.740> data<00:18:40.100> from<00:18:40.370> them 00:18:40.690 --> 00:18:40.700 align:start position:0% bunch of time collecting data from them 00:18:40.700 --> 00:18:43.360 align:start position:0% bunch of time collecting data from them you<00:18:41.390> don't<00:18:41.510> really<00:18:41.600> realize<00:18:41.810> that<00:18:42.260> oh<00:18:42.440> you 00:18:43.360 --> 00:18:43.370 align:start position:0% you don't really realize that oh you 00:18:43.370 --> 00:18:45.520 align:start position:0% you don't really realize that oh you know<00:18:43.460> for<00:18:43.670> instance<00:18:43.910> users<00:18:44.870> really<00:18:45.170> don't 00:18:45.520 --> 00:18:45.530 align:start position:0% know for instance users really don't 00:18:45.530 --> 00:18:47.410 align:start position:0% know for instance users really don't care<00:18:45.830> about<00:18:45.920> paying<00:18:46.310> ten<00:18:46.610> extra<00:18:46.820> cents<00:18:47.120> of<00:18:47.270> gas 00:18:47.410 --> 00:18:47.420 align:start position:0% care about paying ten extra cents of gas 00:18:47.420 --> 00:18:49.090 align:start position:0% care about paying ten extra cents of gas costs<00:18:47.750> but<00:18:47.840> they<00:18:47.960> do<00:18:48.020> care<00:18:48.530> about<00:18:48.560> coming<00:18:49.010> back 00:18:49.090 --> 00:18:49.100 align:start position:0% costs but they do care about coming back 00:18:49.100 --> 00:18:52.210 align:start position:0% costs but they do care about coming back online<00:18:49.340> to<00:18:49.520> sign<00:18:49.850> transactions<00:18:51.040> turns<00:18:52.040> out 00:18:52.210 --> 00:18:52.220 align:start position:0% online to sign transactions turns out 00:18:52.220 --> 00:18:53.950 align:start position:0% online to sign transactions turns out signing<00:18:52.460> transactions<00:18:53.090> that<00:18:53.300> leads<00:18:53.600> to<00:18:53.780> like 00:18:53.950 --> 00:18:53.960 align:start position:0% signing transactions that leads to like 00:18:53.960 --> 00:18:57.520 align:start position:0% signing transactions that leads to like a<00:18:53.990> huge<00:18:54.290> drop-off<00:18:55.210> paying<00:18:56.210> gas<00:18:56.390> most<00:18:57.290> of<00:18:57.440> them 00:18:57.520 --> 00:18:57.530 align:start position:0% a huge drop-off paying gas most of them 00:18:57.530 --> 00:19:00.669 align:start position:0% a huge drop-off paying gas most of them really<00:18:57.679> don't<00:18:57.860> mind<00:18:58.070> that<00:18:58.250> much 00:19:00.669 --> 00:19:00.679 align:start position:0% 00:19:00.679 --> 00:19:03.779 align:start position:0% the<00:19:01.279> last<00:19:01.429> thing<00:19:01.700> that<00:19:02.000> that<00:19:02.210> we<00:19:02.360> learned<00:19:02.600> was 00:19:03.779 --> 00:19:03.789 align:start position:0% the last thing that that we learned was 00:19:03.789 --> 00:19:08.169 align:start position:0% the last thing that that we learned was actually<00:19:04.789> I<00:19:04.850> think<00:19:04.880> I<00:19:05.090> covered<00:19:05.330> it<00:19:05.419> yeah 00:19:08.169 --> 00:19:08.179 align:start position:0% 00:19:08.179 --> 00:19:13.690 align:start position:0% so<00:19:08.840> so<00:19:09.110> what's<00:19:09.350> next<00:19:10.870> we<00:19:12.399> sort<00:19:13.399> of<00:19:13.429> did<00:19:13.549> this 00:19:13.690 --> 00:19:13.700 align:start position:0% so so what's next we sort of did this 00:19:13.700 --> 00:19:14.889 align:start position:0% so so what's next we sort of did this thing<00:19:13.850> with<00:19:13.940> Bank<00:19:14.149> chain<00:19:14.299> where<00:19:14.450> we<00:19:14.539> worked<00:19:14.750> on 00:19:14.889 --> 00:19:14.899 align:start position:0% thing with Bank chain where we worked on 00:19:14.899 --> 00:19:16.539 align:start position:0% thing with Bank chain where we worked on figuring<00:19:15.289> out<00:19:15.380> what<00:19:15.620> one<00:19:15.890> node<00:19:16.190> would<00:19:16.399> look 00:19:16.539 --> 00:19:16.549 align:start position:0% figuring out what one node would look 00:19:16.549 --> 00:19:18.580 align:start position:0% figuring out what one node would look like<00:19:16.700> how<00:19:17.120> do<00:19:17.179> you<00:19:17.299> solve<00:19:17.570> micro<00:19:18.110> payments<00:19:18.440> for 00:19:18.580 --> 00:19:18.590 align:start position:0% like how do you solve micro payments for 00:19:18.590 --> 00:19:21.190 align:start position:0% like how do you solve micro payments for like<00:19:18.770> one<00:19:19.250> ecosystem<00:19:19.789> that<00:19:19.940> has<00:19:20.000> a<00:19:20.659> bunch<00:19:21.110> of 00:19:21.190 --> 00:19:21.200 align:start position:0% like one ecosystem that has a bunch of 00:19:21.200 --> 00:19:24.070 align:start position:0% like one ecosystem that has a bunch of users<00:19:21.409> clustered<00:19:21.980> around<00:19:22.130> it<00:19:22.690> now<00:19:23.690> the<00:19:23.750> goal 00:19:24.070 --> 00:19:24.080 align:start position:0% users clustered around it now the goal 00:19:24.080 --> 00:19:26.740 align:start position:0% users clustered around it now the goal is<00:19:24.110> to<00:19:24.289> go<00:19:24.500> from<00:19:24.620> 1<00:19:24.860> to<00:19:24.980> n<00:19:25.100> so<00:19:25.640> basically<00:19:26.480> copy 00:19:26.740 --> 00:19:26.750 align:start position:0% is to go from 1 to n so basically copy 00:19:26.750 --> 00:19:29.200 align:start position:0% is to go from 1 to n so basically copy pasting<00:19:27.169> this<00:19:27.320> same<00:19:27.770> framework<00:19:28.100> in<00:19:28.940> a<00:19:29.029> bunch 00:19:29.200 --> 00:19:29.210 align:start position:0% pasting this same framework in a bunch 00:19:29.210 --> 00:19:31.000 align:start position:0% pasting this same framework in a bunch of<00:19:29.270> different<00:19:29.360> places<00:19:29.659> and<00:19:30.049> and<00:19:30.860> then 00:19:31.000 --> 00:19:31.010 align:start position:0% of different places and and then 00:19:31.010 --> 00:19:32.380 align:start position:0% of different places and and then connecting<00:19:31.370> a<00:19:31.429> little<00:19:31.580> bit<00:19:31.669> into<00:19:32.029> a<00:19:32.059> network 00:19:32.380 --> 00:19:32.390 align:start position:0% connecting a little bit into a network 00:19:32.390 --> 00:19:35.730 align:start position:0% connecting a little bit into a network you<00:19:33.289> can<00:19:33.409> see<00:19:33.620> here<00:19:34.010> we<00:19:34.490> have<00:19:34.669> like<00:19:35.029> while<00:19:35.450> it's 00:19:35.730 --> 00:19:35.740 align:start position:0% you can see here we have like while it's 00:19:35.740 --> 00:19:37.870 align:start position:0% you can see here we have like while it's connected<00:19:36.740> to<00:19:36.860> channel<00:19:37.100> managers<00:19:37.520> which<00:19:37.730> are 00:19:37.870 --> 00:19:37.880 align:start position:0% connected to channel managers which are 00:19:37.880 --> 00:19:39.610 align:start position:0% connected to channel managers which are contracts<00:19:38.299> connected<00:19:39.110> to<00:19:39.200> hubs 00:19:39.610 --> 00:19:39.620 align:start position:0% contracts connected to hubs 00:19:39.620 --> 00:19:40.990 align:start position:0% contracts connected to hubs this<00:19:39.830> is<00:19:39.950> how<00:19:40.070> our<00:19:40.100> existing<00:19:40.580> system<00:19:40.850> works 00:19:40.990 --> 00:19:41.000 align:start position:0% this is how our existing system works 00:19:41.000 --> 00:19:42.399 align:start position:0% this is how our existing system works normally<00:19:41.690> at<00:19:41.779> this<00:19:41.870> point<00:19:41.960> it's<00:19:42.230> also 00:19:42.399 --> 00:19:42.409 align:start position:0% normally at this point it's also 00:19:42.409 --> 00:19:43.750 align:start position:0% normally at this point it's also connected<00:19:42.740> to<00:19:42.799> another<00:19:42.950> wallet<00:19:43.190> and<00:19:43.399> then<00:19:43.549> - 00:19:43.750 --> 00:19:43.760 align:start position:0% connected to another wallet and then - 00:19:43.760 --> 00:19:45.730 align:start position:0% connected to another wallet and then - well<00:19:44.270> let's<00:19:44.450> can<00:19:44.630> pay<00:19:44.750> each<00:19:44.840> other<00:19:45.020> but 00:19:45.730 --> 00:19:45.740 align:start position:0% well let's can pay each other but 00:19:45.740 --> 00:19:47.260 align:start position:0% well let's can pay each other but there's<00:19:45.919> no<00:19:46.100> real<00:19:46.399> reason<00:19:46.789> why<00:19:46.909> you<00:19:46.970> can't 00:19:47.260 --> 00:19:47.270 align:start position:0% there's no real reason why you can't 00:19:47.270 --> 00:19:49.210 align:start position:0% there's no real reason why you can't take<00:19:47.870> pretty<00:19:48.260> much<00:19:48.350> exactly<00:19:48.710> what<00:19:48.950> we<00:19:49.070> have 00:19:49.210 --> 00:19:49.220 align:start position:0% take pretty much exactly what we have 00:19:49.220 --> 00:19:50.889 align:start position:0% take pretty much exactly what we have right<00:19:49.370> now<00:19:49.429> and<00:19:49.730> just<00:19:50.120> keep<00:19:50.419> going<00:19:50.630> with<00:19:50.870> it 00:19:50.889 --> 00:19:50.899 align:start position:0% right now and just keep going with it 00:19:50.899 --> 00:19:53.019 align:start position:0% right now and just keep going with it adding<00:19:51.799> more<00:19:52.010> and<00:19:52.190> more<00:19:52.250> hubs<00:19:52.610> to<00:19:52.700> the<00:19:52.850> mix 00:19:53.019 --> 00:19:53.029 align:start position:0% adding more and more hubs to the mix 00:19:53.029 --> 00:19:55.000 align:start position:0% adding more and more hubs to the mix until<00:19:53.659> they're<00:19:54.049> not<00:19:54.260> really<00:19:54.500> helped<00:19:54.710> anymore 00:19:55.000 --> 00:19:55.010 align:start position:0% until they're not really helped anymore 00:19:55.010 --> 00:19:57.430 align:start position:0% until they're not really helped anymore they're<00:19:55.190> they're<00:19:55.490> nodes<00:19:55.700> and<00:19:56.049> this<00:19:57.049> looks<00:19:57.350> a 00:19:57.430 --> 00:19:57.440 align:start position:0% they're they're nodes and this looks a 00:19:57.440 --> 00:20:01.269 align:start position:0% they're they're nodes and this looks a lot<00:19:57.590> more<00:19:57.830> like<00:19:57.890> lightning<00:19:58.520> or<00:19:58.640> ratings<00:20:00.279> we 00:20:01.269 --> 00:20:01.279 align:start position:0% lot more like lightning or ratings we 00:20:01.279 --> 00:20:02.139 align:start position:0% lot more like lightning or ratings we think<00:20:01.490> that<00:20:01.580> this<00:20:01.669> is<00:20:01.820> really<00:20:01.909> valuable 00:20:02.139 --> 00:20:02.149 align:start position:0% think that this is really valuable 00:20:02.149 --> 00:20:04.480 align:start position:0% think that this is really valuable because<00:20:02.419> the<00:20:02.870> the<00:20:03.230> user<00:20:03.740> experience<00:20:04.250> that<00:20:04.370> we 00:20:04.480 --> 00:20:04.490 align:start position:0% because the the user experience that we 00:20:04.490 --> 00:20:06.850 align:start position:0% because the the user experience that we want<00:20:04.640> to<00:20:04.730> deliver<00:20:04.970> is<00:20:05.440> you<00:20:06.440> wake<00:20:06.590> up<00:20:06.740> in<00:20:06.830> the 00:20:06.850 --> 00:20:06.860 align:start position:0% want to deliver is you wake up in the 00:20:06.860 --> 00:20:08.889 align:start position:0% want to deliver is you wake up in the morning<00:20:07.190> you<00:20:07.309> put<00:20:07.549> 50<00:20:07.880> died<00:20:08.330> or<00:20:08.690> something 00:20:08.889 --> 00:20:08.899 align:start position:0% morning you put 50 died or something 00:20:08.899 --> 00:20:10.659 align:start position:0% morning you put 50 died or something like<00:20:09.140> or<00:20:09.289> maybe<00:20:09.440> Booty<00:20:09.799> actually<00:20:10.130> you<00:20:10.399> put<00:20:10.520> 50 00:20:10.659 --> 00:20:10.669 align:start position:0% like or maybe Booty actually you put 50 00:20:10.669 --> 00:20:14.110 align:start position:0% like or maybe Booty actually you put 50 booty<00:20:11.090> on<00:20:11.240> to<00:20:11.419> your<00:20:11.720> wallet<00:20:12.549> in<00:20:13.549> -<00:20:13.760> it's<00:20:13.970> like<00:20:14.090> a 00:20:14.110 --> 00:20:14.120 align:start position:0% booty on to your wallet in - it's like a 00:20:14.120 --> 00:20:15.940 align:start position:0% booty on to your wallet in - it's like a daily<00:20:14.659> spending<00:20:14.870> account<00:20:15.350> like<00:20:15.500> a<00:20:15.559> checking 00:20:15.940 --> 00:20:15.950 align:start position:0% daily spending account like a checking 00:20:15.950 --> 00:20:17.529 align:start position:0% daily spending account like a checking account<00:20:16.190> or<00:20:16.279> something<00:20:16.549> like<00:20:16.640> that<00:20:16.850> and<00:20:17.029> then 00:20:17.529 --> 00:20:17.539 align:start position:0% account or something like that and then 00:20:17.539 --> 00:20:20.649 align:start position:0% account or something like that and then you<00:20:17.720> never<00:20:18.020> pay<00:20:18.320> gas<00:20:18.649> again<00:20:19.390> you<00:20:20.390> can<00:20:20.539> earn 00:20:20.649 --> 00:20:20.659 align:start position:0% you never pay gas again you can earn 00:20:20.659 --> 00:20:21.880 align:start position:0% you never pay gas again you can earn money<00:20:20.840> you<00:20:21.049> can<00:20:21.169> spend<00:20:21.260> money<00:20:21.470> pretty<00:20:21.770> much 00:20:21.880 --> 00:20:21.890 align:start position:0% money you can spend money pretty much 00:20:21.890 --> 00:20:24.039 align:start position:0% money you can spend money pretty much anywhere<00:20:22.220> you<00:20:22.429> never<00:20:23.240> actually<00:20:23.480> have<00:20:23.779> to<00:20:23.899> pay 00:20:24.039 --> 00:20:24.049 align:start position:0% anywhere you never actually have to pay 00:20:24.049 --> 00:20:25.539 align:start position:0% anywhere you never actually have to pay gas<00:20:24.260> until<00:20:24.620> you<00:20:24.770> would<00:20:24.919> draw<00:20:25.100> your<00:20:25.250> funds<00:20:25.429> at 00:20:25.539 --> 00:20:25.549 align:start position:0% gas until you would draw your funds at 00:20:25.549 --> 00:20:31.899 align:start position:0% gas until you would draw your funds at the<00:20:25.580> end<00:20:25.730> of<00:20:25.820> the<00:20:25.880> day<00:20:28.390> so<00:20:30.490> we<00:20:31.490> actually<00:20:31.640> had 00:20:31.899 --> 00:20:31.909 align:start position:0% the end of the day so we actually had 00:20:31.909 --> 00:20:35.230 align:start position:0% the end of the day so we actually had two<00:20:32.090> announcements<00:20:33.279> so<00:20:34.279> I<00:20:34.340> appreciate<00:20:35.059> can 00:20:35.230 --> 00:20:35.240 align:start position:0% two announcements so I appreciate can 00:20:35.240 --> 00:20:37.600 align:start position:0% two announcements so I appreciate can sort<00:20:35.480> of<00:20:35.539> a<00:20:35.779> Ludington<00:20:36.590> but<00:20:36.770> we<00:20:36.860> did<00:20:37.220> have<00:20:37.370> two 00:20:37.600 --> 00:20:37.610 align:start position:0% sort of a Ludington but we did have two 00:20:37.610 --> 00:20:38.980 align:start position:0% sort of a Ludington but we did have two announcements<00:20:37.820> that<00:20:38.360> we're<00:20:38.510> really<00:20:38.690> excited 00:20:38.980 --> 00:20:38.990 align:start position:0% announcements that we're really excited 00:20:38.990 --> 00:20:41.169 align:start position:0% announcements that we're really excited to<00:20:39.169> do<00:20:39.320> the<00:20:40.220> second<00:20:40.490> announcement<00:20:40.640> is<00:20:40.970> that 00:20:41.169 --> 00:20:41.179 align:start position:0% to do the second announcement is that 00:20:41.179 --> 00:20:43.240 align:start position:0% to do the second announcement is that we're<00:20:41.330> officially<00:20:41.450> partnering<00:20:42.110> up<00:20:42.200> this<00:20:43.070> is 00:20:43.240 --> 00:20:43.250 align:start position:0% we're officially partnering up this is 00:20:43.250 --> 00:20:44.680 align:start position:0% we're officially partnering up this is probably<00:20:43.789> not<00:20:44.000> really<00:20:44.210> surprising<00:20:44.630> to 00:20:44.680 --> 00:20:44.690 align:start position:0% probably not really surprising to 00:20:44.690 --> 00:20:46.000 align:start position:0% probably not really surprising to anybody<00:20:44.899> who<00:20:45.140> especially<00:20:45.440> the<00:20:45.679> people<00:20:45.890> who 00:20:46.000 --> 00:20:46.010 align:start position:0% anybody who especially the people who 00:20:46.010 --> 00:20:46.779 align:start position:0% anybody who especially the people who thought<00:20:46.159> that<00:20:46.220> we<00:20:46.429> were<00:20:46.549> the<00:20:46.640> same 00:20:46.779 --> 00:20:46.789 align:start position:0% thought that we were the same 00:20:46.789 --> 00:20:50.860 align:start position:0% thought that we were the same organization<00:20:47.299> this<00:20:47.419> whole<00:20:47.570> time<00:20:49.330> but<00:20:50.330> we<00:20:50.539> we 00:20:50.860 --> 00:20:50.870 align:start position:0% organization this whole time but we we 00:20:50.870 --> 00:20:53.919 align:start position:0% organization this whole time but we we have<00:20:51.080> partnered<00:20:51.470> up<00:20:52.390> the<00:20:53.390> way<00:20:53.570> that<00:20:53.809> this 00:20:53.919 --> 00:20:53.929 align:start position:0% have partnered up the way that this 00:20:53.929 --> 00:20:55.870 align:start position:0% have partnered up the way that this partnership<00:20:54.350> works<00:20:54.529> is<00:20:54.740> we've<00:20:55.279> actually<00:20:55.460> done 00:20:55.870 --> 00:20:55.880 align:start position:0% partnership works is we've actually done 00:20:55.880 --> 00:20:58.840 align:start position:0% partnership works is we've actually done an<00:20:56.090> ownership<00:20:56.510> swap<00:20:56.870> we<00:20:57.799> now<00:20:58.100> own<00:20:58.370> a<00:20:58.399> certain 00:20:58.840 --> 00:20:58.850 align:start position:0% an ownership swap we now own a certain 00:20:58.850 --> 00:21:00.340 align:start position:0% an ownership swap we now own a certain percentage<00:20:59.179> of<00:20:59.270> spank<00:20:59.539> chain<00:20:59.690> and<00:20:59.870> spank 00:21:00.340 --> 00:21:00.350 align:start position:0% percentage of spank chain and spank 00:21:00.350 --> 00:21:01.690 align:start position:0% percentage of spank chain and spank chain<00:21:00.529> now<00:21:00.679> owns<00:21:00.890> a<00:21:01.010> certain<00:21:01.220> percentage<00:21:01.520> of 00:21:01.690 --> 00:21:01.700 align:start position:0% chain now owns a certain percentage of 00:21:01.700 --> 00:21:04.600 align:start position:0% chain now owns a certain percentage of us<00:21:02.080> we<00:21:03.080> both<00:21:03.110> think<00:21:03.649> that<00:21:03.799> this<00:21:03.919> is<00:21:04.039> a<00:21:04.070> really 00:21:04.600 --> 00:21:04.610 align:start position:0% us we both think that this is a really 00:21:04.610 --> 00:21:06.399 align:start position:0% us we both think that this is a really really<00:21:04.820> cool<00:21:05.149> way<00:21:05.360> to<00:21:05.390> incentivize<00:21:06.020> mutual 00:21:06.399 --> 00:21:06.409 align:start position:0% really cool way to incentivize mutual 00:21:06.409 --> 00:21:08.409 align:start position:0% really cool way to incentivize mutual collaboration<00:21:06.529> in<00:21:06.980> the<00:21:07.039> future<00:21:07.419> more 00:21:08.409 --> 00:21:08.419 align:start position:0% collaboration in the future more 00:21:08.419 --> 00:21:10.330 align:start position:0% collaboration in the future more projects<00:21:08.899> should<00:21:09.110> do<00:21:09.289> this<00:21:09.470> in<00:21:09.740> order<00:21:09.950> to<00:21:10.070> stay 00:21:10.330 --> 00:21:10.340 align:start position:0% projects should do this in order to stay 00:21:10.340 --> 00:21:11.790 align:start position:0% projects should do this in order to stay aligned<00:21:10.669> we 00:21:11.790 --> 00:21:11.800 align:start position:0% aligned we 00:21:11.800 --> 00:21:13.350 align:start position:0% aligned we they<00:21:11.950> want<00:21:12.190> to<00:21:12.250> see<00:21:12.460> spank<00:21:12.730> chain<00:21:12.880> succeed<00:21:13.210> and 00:21:13.350 --> 00:21:13.360 align:start position:0% they want to see spank chain succeed and 00:21:13.360 --> 00:21:14.610 align:start position:0% they want to see spank chain succeed and spank<00:21:13.570> chain<00:21:13.720> really<00:21:14.020> wants<00:21:14.230> to<00:21:14.290> see<00:21:14.470> us 00:21:14.610 --> 00:21:14.620 align:start position:0% spank chain really wants to see us 00:21:14.620 --> 00:21:18.450 align:start position:0% spank chain really wants to see us succeed<00:21:16.110> how<00:21:17.110> does<00:21:17.380> how<00:21:17.860> does<00:21:18.010> it<00:21:18.130> shake<00:21:18.310> out 00:21:18.450 --> 00:21:18.460 align:start position:0% succeed how does how does it shake out 00:21:18.460 --> 00:21:20.460 align:start position:0% succeed how does how does it shake out spank<00:21:19.090> chain<00:21:19.270> is<00:21:19.420> going<00:21:19.570> to<00:21:19.750> go<00:21:19.870> and<00:21:20.080> focus<00:21:20.200> on 00:21:20.460 --> 00:21:20.470 align:start position:0% spank chain is going to go and focus on 00:21:20.470 --> 00:21:22.080 align:start position:0% spank chain is going to go and focus on all<00:21:20.620> of<00:21:20.650> the<00:21:20.830> note<00:21:21.010> bits<00:21:21.250> basically 00:21:22.080 --> 00:21:22.090 align:start position:0% all of the note bits basically 00:21:22.090 --> 00:21:23.970 align:start position:0% all of the note bits basically optimizing<00:21:23.080> the<00:21:23.440> user<00:21:23.620> experience 00:21:23.970 --> 00:21:23.980 align:start position:0% optimizing the user experience 00:21:23.980 --> 00:21:26.760 align:start position:0% optimizing the user experience optimizing<00:21:24.820> how<00:21:25.300> all<00:21:25.990> of<00:21:26.230> the<00:21:26.320> amazing<00:21:26.530> things 00:21:26.760 --> 00:21:26.770 align:start position:0% optimizing how all of the amazing things 00:21:26.770 --> 00:21:28.560 align:start position:0% optimizing how all of the amazing things that<00:21:27.040> you<00:21:27.190> can<00:21:27.370> do<00:21:27.520> as<00:21:27.670> a<00:21:27.700> single<00:21:28.000> node<00:21:28.330> in<00:21:28.480> our 00:21:28.560 --> 00:21:28.570 align:start position:0% that you can do as a single node in our 00:21:28.570 --> 00:21:31.230 align:start position:0% that you can do as a single node in our network<00:21:28.870> and<00:21:29.770> we<00:21:29.830> are<00:21:30.550> gonna<00:21:30.700> go<00:21:30.880> build<00:21:31.120> the 00:21:31.230 --> 00:21:31.240 align:start position:0% network and we are gonna go build the 00:21:31.240 --> 00:21:33.930 align:start position:0% network and we are gonna go build the rest<00:21:31.390> of<00:21:31.510> the<00:21:31.570> network<00:21:31.810> so<00:21:32.230> optimizing<00:21:32.950> on<00:21:33.340> how 00:21:33.930 --> 00:21:33.940 align:start position:0% rest of the network so optimizing on how 00:21:33.940 --> 00:21:35.490 align:start position:0% rest of the network so optimizing on how we<00:21:34.000> can<00:21:34.330> connect<00:21:34.720> all<00:21:34.900> the<00:21:35.080> notes<00:21:35.230> to<00:21:35.380> each 00:21:35.490 --> 00:21:35.500 align:start position:0% we can connect all the notes to each 00:21:35.500 --> 00:21:37.170 align:start position:0% we can connect all the notes to each other<00:21:35.680> so<00:21:36.400> you<00:21:36.430> could<00:21:36.670> kind<00:21:36.760> of<00:21:36.850> think<00:21:36.910> of<00:21:37.060> it 00:21:37.170 --> 00:21:37.180 align:start position:0% other so you could kind of think of it 00:21:37.180 --> 00:21:39.960 align:start position:0% other so you could kind of think of it as<00:21:37.270> like<00:21:37.450> you<00:21:37.660> know<00:21:38.200> sort<00:21:38.680> of<00:21:38.710> like<00:21:39.040> one<00:21:39.760> hub 00:21:39.960 --> 00:21:39.970 align:start position:0% as like you know sort of like one hub 00:21:39.970 --> 00:21:41.760 align:start position:0% as like you know sort of like one hub and<00:21:40.270> then<00:21:40.390> many<00:21:40.930> hubs<00:21:41.230> and<00:21:41.380> then<00:21:41.500> we're<00:21:41.620> sort 00:21:41.760 --> 00:21:41.770 align:start position:0% and then many hubs and then we're sort 00:21:41.770 --> 00:21:45.140 align:start position:0% and then many hubs and then we're sort of<00:21:41.860> the<00:21:42.190> that<00:21:42.220> is<00:21:42.610> in<00:21:42.760> between<00:21:42.880> yeah 00:21:45.140 --> 00:21:45.150 align:start position:0% of the that is in between yeah 00:21:45.150 --> 00:21:47.580 align:start position:0% of the that is in between yeah we're<00:21:46.150> really<00:21:46.480> incredibly<00:21:47.140> excited<00:21:47.440> to<00:21:47.470> be 00:21:47.580 --> 00:21:47.590 align:start position:0% we're really incredibly excited to be 00:21:47.590 --> 00:21:49.470 align:start position:0% we're really incredibly excited to be working<00:21:47.710> on<00:21:47.920> this<00:21:48.040> and<00:21:48.250> an<00:21:48.760> incredibly<00:21:49.150> happy 00:21:49.470 --> 00:21:49.480 align:start position:0% working on this and an incredibly happy 00:21:49.480 --> 00:21:52.200 align:start position:0% working on this and an incredibly happy to<00:21:49.630> be<00:21:49.750> up<00:21:49.900> here<00:21:50.190> sort<00:21:51.190> of<00:21:51.250> letting<00:21:52.000> you<00:21:52.090> guys 00:21:52.200 --> 00:21:52.210 align:start position:0% to be up here sort of letting you guys 00:21:52.210 --> 00:21:53.700 align:start position:0% to be up here sort of letting you guys know<00:21:52.270> that<00:21:52.450> this<00:21:52.690> is<00:21:52.900> this<00:21:53.110> is<00:21:53.290> our<00:21:53.410> plan<00:21:53.590> in 00:21:53.700 --> 00:21:53.710 align:start position:0% know that this is this is our plan in 00:21:53.710 --> 00:21:56.340 align:start position:0% know that this is this is our plan in the<00:21:53.770> future<00:21:53.890> we're<00:21:54.880> open<00:21:55.180> source<00:21:55.420> we're<00:21:55.840> free 00:21:56.340 --> 00:21:56.350 align:start position:0% the future we're open source we're free 00:21:56.350 --> 00:21:58.770 align:start position:0% the future we're open source we're free infrastructure<00:21:57.340> we<00:21:57.580> don't<00:21:57.730> have<00:21:57.880> a<00:21:57.910> token<00:21:58.300> we 00:21:58.770 --> 00:21:58.780 align:start position:0% infrastructure we don't have a token we 00:21:58.780 --> 00:22:01.350 align:start position:0% infrastructure we don't have a token we just<00:21:59.110> want<00:21:59.380> to<00:21:59.770> figure<00:22:00.280> out<00:22:00.520> this<00:22:00.700> problem<00:22:01.090> and 00:22:01.350 --> 00:22:01.360 align:start position:0% just want to figure out this problem and 00:22:01.360 --> 00:22:02.730 align:start position:0% just want to figure out this problem and we<00:22:01.570> want<00:22:01.690> to<00:22:01.810> figure<00:22:01.990> out<00:22:02.110> this<00:22:02.230> problem<00:22:02.320> and 00:22:02.730 --> 00:22:02.740 align:start position:0% we want to figure out this problem and 00:22:02.740 --> 00:22:04.290 align:start position:0% we want to figure out this problem and use<00:22:02.950> the<00:22:03.370> data<00:22:03.580> that<00:22:03.790> we<00:22:03.880> get<00:22:04.030> from<00:22:04.060> this 00:22:04.290 --> 00:22:04.300 align:start position:0% use the data that we get from this 00:22:04.300 --> 00:22:06.030 align:start position:0% use the data that we get from this problem<00:22:04.570> to<00:22:04.960> figure<00:22:05.140> out<00:22:05.320> many<00:22:05.560> many<00:22:05.830> other 00:22:06.030 --> 00:22:06.040 align:start position:0% problem to figure out many many other 00:22:06.040 --> 00:22:08.040 align:start position:0% problem to figure out many many other problems<00:22:06.430> in<00:22:06.580> the<00:22:06.610> future<00:22:06.880> so<00:22:07.300> if<00:22:07.690> you<00:22:07.810> have<00:22:07.960> an 00:22:08.040 --> 00:22:08.050 align:start position:0% problems in the future so if you have an 00:22:08.050 --> 00:22:09.600 align:start position:0% problems in the future so if you have an interest<00:22:08.320> please<00:22:08.710> please<00:22:09.040> please<00:22:09.280> reach<00:22:09.490> out 00:22:09.600 --> 00:22:09.610 align:start position:0% interest please please please reach out 00:22:09.610 --> 00:22:11.940 align:start position:0% interest please please please reach out to<00:22:09.700> us<00:22:09.790> please<00:22:10.090> go<00:22:10.990> check<00:22:11.230> out<00:22:11.380> spank<00:22:11.650> chain<00:22:11.830> if 00:22:11.940 --> 00:22:11.950 align:start position:0% to us please go check out spank chain if 00:22:11.950 --> 00:22:13.320 align:start position:0% to us please go check out spank chain if you<00:22:12.040> haven't<00:22:12.340> already<00:22:12.430> they<00:22:12.820> literally<00:22:13.120> have 00:22:13.320 --> 00:22:13.330 align:start position:0% you haven't already they literally have 00:22:13.330 --> 00:22:14.850 align:start position:0% you haven't already they literally have the<00:22:13.450> best<00:22:13.690> user<00:22:13.900> experience<00:22:13.990> in<00:22:14.500> crypto 00:22:14.850 --> 00:22:14.860 align:start position:0% the best user experience in crypto 00:22:14.860 --> 00:22:16.230 align:start position:0% the best user experience in crypto they're<00:22:15.040> also<00:22:15.160> one<00:22:15.370> of<00:22:15.460> the<00:22:15.550> only<00:22:15.700> companies 00:22:16.230 --> 00:22:16.240 align:start position:0% they're also one of the only companies 00:22:16.240 --> 00:22:18.540 align:start position:0% they're also one of the only companies that<00:22:16.270> is<00:22:16.600> like<00:22:17.140> has<00:22:17.410> real<00:22:17.800> users<00:22:18.250> and<00:22:18.280> is 00:22:18.540 --> 00:22:18.550 align:start position:0% that is like has real users and is 00:22:18.550 --> 00:22:20.430 align:start position:0% that is like has real users and is struggling<00:22:19.210> with<00:22:19.510> the<00:22:19.720> real<00:22:19.900> problems<00:22:20.350> that 00:22:20.430 --> 00:22:20.440 align:start position:0% struggling with the real problems that 00:22:20.440 --> 00:22:24.240 align:start position:0% struggling with the real problems that come<00:22:20.740> with<00:22:20.950> having<00:22:20.980> real<00:22:21.430> users<00:22:21.820> and<00:22:22.890> and<00:22:23.890> I 00:22:24.240 --> 00:22:24.250 align:start position:0% come with having real users and and I 00:22:24.250 --> 00:22:26.880 align:start position:0% come with having real users and and I think<00:22:24.430> that<00:22:24.640> that<00:22:25.510> is<00:22:25.840> all<00:22:26.470> I've<00:22:26.650> got 00:22:26.880 --> 00:22:26.890 align:start position:0% think that that is all I've got 00:22:26.890 --> 00:22:32.640 align:start position:0% think that that is all I've got yeah<00:22:27.550> thank<00:22:28.180> you<00:22:28.300> very<00:22:28.420> much<00:22:28.630> very<00:22:31.650> curious 00:22:32.640 --> 00:22:32.650 align:start position:0% yeah thank you very much very curious 00:22:32.650 --> 00:22:34.500 align:start position:0% yeah thank you very much very curious about<00:22:32.740> I<00:22:33.370> think<00:22:33.550> like<00:22:33.790> there<00:22:34.000> have<00:22:34.120> been<00:22:34.150> many 00:22:34.500 --> 00:22:34.510 align:start position:0% about I think like there have been many 00:22:34.510 --> 00:22:36.900 align:start position:0% about I think like there have been many talk<00:22:34.750> about<00:22:34.990> projects<00:22:35.950> like<00:22:36.100> merger<00:22:36.700> or 00:22:36.900 --> 00:22:36.910 align:start position:0% talk about projects like merger or 00:22:36.910 --> 00:22:39.060 align:start position:0% talk about projects like merger or acquisition<00:22:37.110> takeover<00:22:38.110> Center<00:22:38.410> how<00:22:38.830> do<00:22:38.890> you 00:22:39.060 --> 00:22:39.070 align:start position:0% acquisition takeover Center how do you 00:22:39.070 --> 00:22:42.300 align:start position:0% acquisition takeover Center how do you guys<00:22:39.250> this<00:22:39.640> side<00:22:39.910> like<00:22:40.300> organically<00:22:41.200> across<00:22:42.010> I 00:22:42.300 --> 00:22:42.310 align:start position:0% guys this side like organically across I 00:22:42.310 --> 00:22:46.970 align:start position:0% guys this side like organically across I guess<00:22:42.640> ownership<00:22:43.150> evaluation<00:22:43.750> at<00:22:43.840> that<00:22:43.960> point 00:22:46.970 --> 00:22:46.980 align:start position:0% 00:22:46.980 --> 00:22:51.810 align:start position:0% we<00:22:47.980> we<00:22:48.250> sort<00:22:48.400> of<00:22:48.460> just<00:22:48.670> kind<00:22:49.060> of<00:22:49.120> like<00:22:50.700> met<00:22:51.700> up 00:22:51.810 --> 00:22:51.820 align:start position:0% we we sort of just kind of like met up 00:22:51.820 --> 00:22:53.700 align:start position:0% we we sort of just kind of like met up at<00:22:52.060> Amin's<00:22:52.690> house<00:22:52.870> one<00:22:53.140> day<00:22:53.170> and<00:22:53.320> we're<00:22:53.560> like 00:22:53.700 --> 00:22:53.710 align:start position:0% at Amin's house one day and we're like 00:22:53.710 --> 00:22:56.820 align:start position:0% at Amin's house one day and we're like we<00:22:53.860> really<00:22:53.980> want<00:22:54.220> to<00:22:54.280> do<00:22:54.400> this<00:22:54.520> and<00:22:55.200> and<00:22:56.200> and 00:22:56.820 --> 00:22:56.830 align:start position:0% we really want to do this and and and 00:22:56.830 --> 00:22:58.320 align:start position:0% we really want to do this and and and sort<00:22:57.130> of<00:22:57.220> decided<00:22:57.700> what<00:22:57.850> would<00:22:57.940> be<00:22:58.090> a<00:22:58.120> fair 00:22:58.320 --> 00:22:58.330 align:start position:0% sort of decided what would be a fair 00:22:58.330 --> 00:23:00.000 align:start position:0% sort of decided what would be a fair price<00:22:58.570> for<00:22:58.750> both<00:22:58.870> and<00:22:59.170> like<00:22:59.320> one<00:22:59.710> of<00:22:59.800> the<00:22:59.860> great 00:23:00.000 --> 00:23:00.010 align:start position:0% price for both and like one of the great 00:23:00.010 --> 00:23:01.980 align:start position:0% price for both and like one of the great things<00:23:00.280> about<00:23:00.460> like<00:23:01.030> doing<00:23:01.360> this<00:23:01.630> kind<00:23:01.870> of<00:23:01.900> a 00:23:01.980 --> 00:23:01.990 align:start position:0% things about like doing this kind of a 00:23:01.990 --> 00:23:04.140 align:start position:0% things about like doing this kind of a swap<00:23:02.200> is<00:23:02.410> like<00:23:02.620> we<00:23:03.490> both<00:23:03.670> want<00:23:03.910> to<00:23:03.940> see<00:23:04.090> each 00:23:04.140 --> 00:23:04.150 align:start position:0% swap is like we both want to see each 00:23:04.150 --> 00:23:06.210 align:start position:0% swap is like we both want to see each other<00:23:04.330> succeed<00:23:04.480> so<00:23:05.020> neither<00:23:05.650> of<00:23:05.830> us<00:23:05.890> is<00:23:05.950> really 00:23:06.210 --> 00:23:06.220 align:start position:0% other succeed so neither of us is really 00:23:06.220 --> 00:23:07.620 align:start position:0% other succeed so neither of us is really incentivized<00:23:06.820> to<00:23:06.880> score<00:23:07.150> each<00:23:07.210> other<00:23:07.390> over 00:23:07.620 --> 00:23:07.630 align:start position:0% incentivized to score each other over 00:23:07.630 --> 00:23:09.240 align:start position:0% incentivized to score each other over but<00:23:08.320> that<00:23:08.440> was<00:23:08.560> that<00:23:08.680> was<00:23:08.740> basically<00:23:09.070> what 00:23:09.240 --> 00:23:09.250 align:start position:0% but that was that was basically what 00:23:09.250 --> 00:23:11.850 align:start position:0% but that was that was basically what went<00:23:09.370> into<00:23:09.460> it<00:23:09.930> more<00:23:10.930> more<00:23:11.200> deals<00:23:11.500> should<00:23:11.710> be 00:23:11.850 --> 00:23:11.860 align:start position:0% went into it more more deals should be 00:23:11.860 --> 00:23:13.470 align:start position:0% went into it more more deals should be done<00:23:12.010> like<00:23:12.190> that<00:23:12.340> by<00:23:12.550> the<00:23:12.610> way<00:23:12.730> just<00:23:13.060> hanging 00:23:13.470 --> 00:23:13.480 align:start position:0% done like that by the way just hanging 00:23:13.480 --> 00:23:16.380 align:start position:0% done like that by the way just hanging out<00:23:13.570> at<00:23:13.720> someone's<00:23:13.990> house<00:23:14.110> in<00:23:14.380> general<00:23:15.390> yeah 00:23:16.380 --> 00:23:16.390 align:start position:0% out at someone's house in general yeah 00:23:16.390 --> 00:23:20.070 align:start position:0% out at someone's house in general yeah well<00:23:17.320> my<00:23:17.710> my<00:23:18.040> investment<00:23:18.610> thesis<00:23:18.640> was<00:23:19.180> like 00:23:20.070 --> 00:23:20.080 align:start position:0% well my my investment thesis was like 00:23:20.080 --> 00:23:22.320 align:start position:0% well my my investment thesis was like invest<00:23:20.620> in<00:23:20.770> all<00:23:20.890> the<00:23:21.040> things<00:23:21.190> that<00:23:21.430> use<00:23:22.030> state 00:23:22.320 --> 00:23:22.330 align:start position:0% invest in all the things that use state 00:23:22.330 --> 00:23:23.400 align:start position:0% invest in all the things that use state channels 00:23:23.400 --> 00:23:23.410 align:start position:0% channels 00:23:23.410 --> 00:23:27.360 align:start position:0% channels and<00:23:23.800> so<00:23:24.160> we<00:23:24.580> as<00:23:25.090> a<00:23:25.570> company<00:23:26.070> you<00:23:27.070> know<00:23:27.130> in 00:23:27.360 --> 00:23:27.370 align:start position:0% and so we as a company you know in 00:23:27.370 --> 00:23:30.060 align:start position:0% and so we as a company you know in working<00:23:28.180> together<00:23:28.390> we<00:23:28.990> can<00:23:29.560> work<00:23:29.740> with<00:23:29.950> the 00:23:30.060 --> 00:23:30.070 align:start position:0% working together we can work with the 00:23:30.070 --> 00:23:31.470 align:start position:0% working together we can work with the teams<00:23:30.280> that<00:23:30.430> we<00:23:30.670> know<00:23:30.790> are<00:23:30.940> going<00:23:31.090> to<00:23:31.210> deliver 00:23:31.470 --> 00:23:31.480 align:start position:0% teams that we know are going to deliver 00:23:31.480 --> 00:23:33.840 align:start position:0% teams that we know are going to deliver and<00:23:32.380> we<00:23:32.590> know<00:23:32.740> that<00:23:32.980> if<00:23:33.160> they<00:23:33.520> can<00:23:33.730> deliver 00:23:33.840 --> 00:23:33.850 align:start position:0% and we know that if they can deliver 00:23:33.850 --> 00:23:35.910 align:start position:0% and we know that if they can deliver something<00:23:34.240> for<00:23:34.570> us<00:23:34.660> and<00:23:34.930> they'll<00:23:35.590> be<00:23:35.710> able<00:23:35.800> to 00:23:35.910 --> 00:23:35.920 align:start position:0% something for us and they'll be able to 00:23:35.920 --> 00:23:38.000 align:start position:0% something for us and they'll be able to deliver<00:23:36.310> something<00:23:36.760> for<00:23:37.060> everybody<00:23:37.270> else<00:23:37.570> and 00:23:38.000 --> 00:23:38.010 align:start position:0% deliver something for everybody else and 00:23:38.010 --> 00:23:39.990 align:start position:0% deliver something for everybody else and regarding<00:23:39.010> the<00:23:39.100> numbers<00:23:39.340> I<00:23:39.460> mean<00:23:39.490> it's<00:23:39.880> like 00:23:39.990 --> 00:23:40.000 align:start position:0% regarding the numbers I mean it's like 00:23:40.000 --> 00:23:41.460 align:start position:0% regarding the numbers I mean it's like any<00:23:40.180> negotiation<00:23:40.750> you<00:23:40.840> pick<00:23:41.080> a<00:23:41.110> number<00:23:41.230> that 00:23:41.460 --> 00:23:41.470 align:start position:0% any negotiation you pick a number that 00:23:41.470 --> 00:23:42.810 align:start position:0% any negotiation you pick a number that makes<00:23:41.590> you<00:23:41.680> both<00:23:41.800> happy<00:23:42.130> and<00:23:42.280> then<00:23:42.370> move<00:23:42.700> on 00:23:42.810 --> 00:23:42.820 align:start position:0% makes you both happy and then move on 00:23:42.820 --> 00:23:52.700 align:start position:0% makes you both happy and then move on with<00:23:42.850> your<00:23:43.000> lives 00:23:52.700 --> 00:23:52.710 align:start position:0% 00:23:52.710 --> 00:23:54.770 align:start position:0% you