WEBVTT Kind: captions Language: en 00:00:07.189 --> 00:00:10.580 align:start position:0% yeah<00:00:08.189> it's<00:00:08.940> very<00:00:09.180> interesting<00:00:09.510> that<00:00:09.840> DEFCON 00:00:10.580 --> 00:00:10.590 align:start position:0% yeah it's very interesting that DEFCON 00:00:10.590 --> 00:00:13.790 align:start position:0% yeah it's very interesting that DEFCON is<00:00:10.620> in<00:00:10.920> a<00:00:11.210> giant<00:00:12.210> shopping<00:00:12.990> more<00:00:13.200> it<00:00:13.500> kind<00:00:13.710> of 00:00:13.790 --> 00:00:13.800 align:start position:0% is in a giant shopping more it kind of 00:00:13.800 --> 00:00:16.880 align:start position:0% is in a giant shopping more it kind of represent<00:00:14.370> the<00:00:14.429> peak<00:00:14.910> end<00:00:15.300> of<00:00:15.630> crypto<00:00:16.619> burner 00:00:16.880 --> 00:00:16.890 align:start position:0% represent the peak end of crypto burner 00:00:16.890 --> 00:00:23.030 align:start position:0% represent the peak end of crypto burner culture<00:00:19.099> yeah<00:00:20.099> I<00:00:20.570> I<00:00:21.570> was<00:00:22.110> in<00:00:22.259> Syria<00:00:22.619> for<00:00:22.800> almost 00:00:23.030 --> 00:00:23.040 align:start position:0% culture yeah I I was in Syria for almost 00:00:23.040 --> 00:00:26.359 align:start position:0% culture yeah I I was in Syria for almost three<00:00:24.000> years<00:00:24.029> and<00:00:24.680> I<00:00:25.680> was<00:00:26.009> part<00:00:26.250> of<00:00:26.310> the 00:00:26.359 --> 00:00:26.369 align:start position:0% three years and I was part of the 00:00:26.369 --> 00:00:28.880 align:start position:0% three years and I was part of the administration<00:00:27.090> approving<00:00:27.890> technology 00:00:28.880 --> 00:00:28.890 align:start position:0% administration approving technology 00:00:28.890 --> 00:00:30.799 align:start position:0% administration approving technology projects<00:00:29.309> or<00:00:29.489> region<00:00:29.790> of<00:00:29.910> five<00:00:30.570> million 00:00:30.799 --> 00:00:30.809 align:start position:0% projects or region of five million 00:00:30.809 --> 00:00:36.500 align:start position:0% projects or region of five million people<00:00:31.140> and<00:00:34.340> I<00:00:35.340> was<00:00:35.730> like<00:00:35.790> oh<00:00:35.910> this<00:00:36.090> is<00:00:36.270> a<00:00:36.300> great 00:00:36.500 --> 00:00:36.510 align:start position:0% people and I was like oh this is a great 00:00:36.510 --> 00:00:38.330 align:start position:0% people and I was like oh this is a great opportunity<00:00:37.350> to<00:00:37.590> be<00:00:37.680> able<00:00:37.890> to<00:00:38.040> deploy 00:00:38.330 --> 00:00:38.340 align:start position:0% opportunity to be able to deploy 00:00:38.340 --> 00:00:42.560 align:start position:0% opportunity to be able to deploy cryptocurrency<00:00:39.270> on<00:00:39.720> a<00:00:39.860> national<00:00:40.860> scale<00:00:41.160> and<00:00:41.570> I 00:00:42.560 --> 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align:start position:0% interested you know you know like they then<00:00:52.590> there's<00:00:53.130> a<00:00:53.220> lot<00:00:53.340> of<00:00:53.430> really<00:00:53.640> silly 00:00:53.930 --> 00:00:53.940 align:start position:0% then there's a lot of really silly 00:00:53.940 --> 00:00:55.819 align:start position:0% then there's a lot of really silly projects<00:00:54.510> that<00:00:54.600> people<00:00:54.720> are<00:00:54.870> focused<00:00:55.320> on<00:00:55.500> and 00:00:55.819 --> 00:00:55.829 align:start position:0% projects that people are focused on and 00:00:55.829 --> 00:00:59.210 align:start position:0% projects that people are focused on and it<00:00:56.280> was<00:00:56.370> very<00:00:56.610> hard<00:00:56.880> to<00:00:57.030> get<00:00:57.329> people<00:00:57.390> to<00:00:58.220> pay 00:00:59.210 --> 00:00:59.220 align:start position:0% it was very hard to get people to pay 00:00:59.220 --> 00:01:04.429 align:start position:0% it was very hard to get people to pay attention<00:00:59.250> to<00:00:59.730> any<00:01:00.000> kind<00:01:00.270> of<00:01:01.640> a<00:01:02.960> big<00:01:03.960> big 00:01:04.429 --> 00:01:04.439 align:start position:0% attention to any kind of a big big 00:01:04.439 --> 00:01:06.230 align:start position:0% attention to any kind of a big big market<00:01:04.799> opportunity<00:01:05.369> for<00:01:05.700> deploying 00:01:06.230 --> 00:01:06.240 align:start position:0% market opportunity for deploying 00:01:06.240 --> 00:01:09.050 align:start position:0% market opportunity for deploying cryptocurrency<00:01:07.020> on<00:01:07.920> a<00:01:07.979> national<00:01:08.490> scale<00:01:08.610> so 00:01:09.050 --> 00:01:09.060 align:start position:0% cryptocurrency on a national scale so 00:01:09.060 --> 00:01:11.140 align:start position:0% cryptocurrency on a national scale so that's<00:01:09.210> when<00:01:09.330> I<00:01:09.360> kind<00:01:09.600> of<00:01:09.659> realized<00:01:09.900> that 00:01:11.140 --> 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--> 00:01:20.840 align:start position:0% as a tool to you know advance<00:01:19.170> interests<00:01:20.070> and<00:01:20.280> there's<00:01:20.670> like<00:01:20.820> a 00:01:20.840 --> 00:01:20.850 align:start position:0% advance interests and there's like a 00:01:20.850 --> 00:01:22.610 align:start position:0% advance interests and there's like a machine<00:01:21.270> where<00:01:21.630> the<00:01:21.720> money<00:01:21.900> is<00:01:21.990> going<00:01:22.140> through 00:01:22.610 --> 00:01:22.620 align:start position:0% machine where the money is going through 00:01:22.620 --> 00:01:25.940 align:start position:0% machine where the money is going through and<00:01:23.450> you<00:01:24.450> know<00:01:24.479> the<00:01:24.870> this<00:01:25.170> rhetoric<00:01:25.409> is<00:01:25.680> used 00:01:25.940 --> 00:01:25.950 align:start position:0% and you know the this rhetoric is used 00:01:25.950 --> 00:01:27.620 align:start position:0% and you know the this rhetoric is used to<00:01:26.100> bring<00:01:26.250> the<00:01:26.430> fish<00:01:26.610> along<00:01:26.850> for<00:01:27.090> the<00:01:27.150> ride<00:01:27.360> and 00:01:27.620 --> 00:01:27.630 align:start position:0% to bring the fish along for the ride and 00:01:27.630 --> 00:01:31.100 align:start position:0% to bring the fish along for the ride and skim<00:01:28.260> off<00:01:28.380> the<00:01:28.409> top<00:01:28.560> from<00:01:29.010> them<00:01:29.220> and<00:01:30.110> the 00:01:31.100 --> 00:01:31.110 align:start position:0% skim off the top from them and the 00:01:31.110 --> 00:01:33.980 align:start position:0% skim off the top from them and the second<00:01:31.560> point<00:01:31.920> is<00:01:32.220> is<00:01:32.520> when<00:01:33.450> I<00:01:33.479> started<00:01:33.869> to 00:01:33.980 --> 00:01:33.990 align:start position:0% second point is is when I started to 00:01:33.990 --> 00:01:36.740 align:start position:0% second point is is when I started to think<00:01:34.020> about<00:01:34.290> okay<00:01:34.799> how<00:01:35.070> would<00:01:35.369> I<00:01:35.750> deploy 00:01:36.740 --> 00:01:36.750 align:start position:0% think about okay how would I deploy 00:01:36.750 --> 00:01:39.350 align:start position:0% think about okay how would I deploy cryptocurrency<00:01:37.320> on<00:01:37.619> a<00:01:37.680> national<00:01:38.159> scale<00:01:38.360> you 00:01:39.350 --> 00:01:39.360 align:start position:0% cryptocurrency on a national scale you 00:01:39.360 --> 00:01:41.480 align:start position:0% cryptocurrency on a national scale you know<00:01:39.510> like<00:01:39.659> the<00:01:40.409> software<00:01:40.860> that<00:01:40.950> I<00:01:41.010> need<00:01:41.250> the 00:01:41.480 --> 00:01:41.490 align:start position:0% know like the software that I need the 00:01:41.490 --> 00:01:43.039 align:start position:0% know like the software that I need the hardware<00:01:41.760> that<00:01:42.060> I<00:01:42.119> need<00:01:42.299> the<00:01:42.479> infrastructure 00:01:43.039 --> 00:01:43.049 align:start position:0% hardware that I need the infrastructure 00:01:43.049 --> 00:01:44.990 align:start position:0% hardware that I need the infrastructure that<00:01:43.170> I<00:01:43.320> need<00:01:43.470> I<00:01:43.650> realized<00:01:44.280> that<00:01:44.400> none<00:01:44.850> of<00:01:44.970> that 00:01:44.990 --> 00:01:45.000 align:start position:0% that I need I realized that none of that 00:01:45.000 --> 00:01:47.750 align:start position:0% that I need I realized that none of that exists<00:01:45.630> currently<00:01:45.840> like<00:01:46.770> nobody<00:01:47.430> is<00:01:47.580> working 00:01:47.750 --> 00:01:47.760 align:start position:0% exists currently like nobody is working 00:01:47.760 --> 00:01:50.230 align:start position:0% exists currently like nobody is working on<00:01:48.060> this<00:01:48.240> stuff<00:01:48.479> you<00:01:48.689> know<00:01:48.780> it's<00:01:48.900> all<00:01:49.049> very 00:01:50.230 --> 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is really thinking on a large gun the<00:01:59.220> opportunity<00:02:00.000> that<00:02:00.270> is<00:02:00.470> available<00:02:01.470> to<00:02:01.950> us 00:02:02.740 --> 00:02:02.750 align:start position:0% the opportunity that is available to us 00:02:02.750 --> 00:02:05.539 align:start position:0% the opportunity that is available to us but<00:02:03.750> you<00:02:04.380> know<00:02:04.439> there<00:02:04.710> there<00:02:04.979> is<00:02:05.189> another 00:02:05.539 --> 00:02:05.549 align:start position:0% but you know there there is another 00:02:05.549 --> 00:02:07.280 align:start position:0% but you know there there is another group<00:02:05.880> or<00:02:06.090> there<00:02:06.360> was<00:02:06.509> another<00:02:06.780> group<00:02:07.080> that 00:02:07.280 --> 00:02:07.290 align:start position:0% group or there was another group that 00:02:07.290 --> 00:02:13.220 align:start position:0% group or there was another group that was<00:02:07.920> interested<00:02:08.819> about<00:02:11.599> about<00:02:12.599> big 00:02:13.220 --> 00:02:13.230 align:start position:0% was interested about about big 00:02:13.230 --> 00:02:17.209 align:start position:0% was interested about about big economical<00:02:14.069> projects<00:02:15.029> and<00:02:15.560> this<00:02:16.560> group<00:02:16.950> that 00:02:17.209 --> 00:02:17.219 align:start position:0% economical projects and this group that 00:02:17.219 --> 00:02:18.530 align:start position:0% economical projects and this group that group<00:02:17.279> was<00:02:17.639> Isis 00:02:18.530 --> 00:02:18.540 align:start position:0% group was Isis 00:02:18.540 --> 00:02:20.600 align:start position:0% group was Isis and<00:02:18.629> what<00:02:19.349> they<00:02:19.469> actually<00:02:19.620> did<00:02:20.099> is<00:02:20.370> they 00:02:20.600 --> 00:02:20.610 align:start position:0% and what they actually did is they 00:02:20.610 --> 00:02:23.750 align:start position:0% and what they actually did is they minted<00:02:21.569> their<00:02:21.750> own<00:02:21.989> gold<00:02:22.799> and<00:02:23.099> silver<00:02:23.549> backed 00:02:23.750 --> 00:02:23.760 align:start position:0% minted their own gold and silver backed 00:02:23.760 --> 00:02:26.089 align:start position:0% minted their own gold and silver backed currency<00:02:24.170> which<00:02:25.170> was<00:02:25.349> an<00:02:25.469> area<00:02:25.799> that<00:02:25.829> was 00:02:26.089 --> 00:02:26.099 align:start position:0% currency which was an area that was 00:02:26.099 --> 00:02:29.440 align:start position:0% currency which was an area that was basically<00:02:26.670> most<00:02:27.209> of<00:02:27.450> half<00:02:28.170> of<00:02:28.379> Iraq<00:02:28.709> and<00:02:28.950> Syria 00:02:29.440 --> 00:02:29.450 align:start position:0% basically most of half of Iraq and Syria 00:02:29.450 --> 00:02:32.420 align:start position:0% basically most of half of Iraq and Syria they<00:02:30.450> they<00:02:30.870> minted<00:02:31.349> their<00:02:31.500> own<00:02:31.680> gold<00:02:32.189> and 00:02:32.420 --> 00:02:32.430 align:start position:0% they they minted their own gold and 00:02:32.430 --> 00:02:33.679 align:start position:0% they they minted their own gold and silver<00:02:32.760> backed<00:02:32.939> currency<00:02:33.090> because<00:02:33.569> they 00:02:33.679 --> 00:02:33.689 align:start position:0% silver backed currency because they 00:02:33.689 --> 00:02:35.720 align:start position:0% silver backed currency because they wanted<00:02:33.930> to<00:02:33.989> challenge<00:02:34.349> the<00:02:35.010> hegemony<00:02:35.489> of<00:02:35.609> the 00:02:35.720 --> 00:02:35.730 align:start position:0% wanted to challenge the hegemony of the 00:02:35.730 --> 00:02:39.710 align:start position:0% wanted to challenge the hegemony of the US<00:02:36.180> financial<00:02:37.170> power<00:02:37.799> and<00:02:38.159> I<00:02:39.030> have<00:02:39.359> one<00:02:39.540> of<00:02:39.629> the 00:02:39.710 --> 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were<00:02:47.280> trying<00:02:47.639> to<00:02:47.700> produce<00:02:47.879> so 00:02:48.319 --> 00:02:48.329 align:start position:0% that they were trying to produce so 00:02:48.329 --> 00:02:52.490 align:start position:0% that they were trying to produce so those<00:02:49.489> were<00:02:50.750> guys<00:02:51.750> that<00:02:51.810> we're<00:02:52.139> trying<00:02:52.379> to 00:02:52.490 --> 00:02:52.500 align:start position:0% those were guys that we're trying to 00:02:52.500 --> 00:02:54.440 align:start position:0% those were guys that we're trying to think<00:02:52.530> on<00:02:52.980> a<00:02:53.010> bigger<00:02:53.489> scale<00:02:53.819> about<00:02:54.060> what<00:02:54.269> they 00:02:54.440 --> 00:02:54.450 align:start position:0% think on a bigger scale about what they 00:02:54.450 --> 00:02:58.009 align:start position:0% think on a bigger scale about what they were<00:02:54.930> trying<00:02:55.139> to<00:02:55.260> do<00:02:55.760> right<00:02:56.760> now<00:02:56.959> inside<00:02:57.959> of 00:02:58.009 --> 00:02:58.019 align:start position:0% were trying to do right now inside of 00:02:58.019 --> 00:03:01.009 align:start position:0% were trying to do right now inside of cryptocurrency<00:02:58.530> there<00:02:59.519> is<00:02:59.609> a<00:02:59.639> huge<00:03:00.060> wealth<00:03:00.810> of 00:03:01.009 --> 00:03:01.019 align:start position:0% cryptocurrency there is a huge wealth of 00:03:01.019 --> 00:03:02.690 align:start position:0% cryptocurrency there is a huge wealth of human<00:03:01.200> resource<00:03:01.799> around<00:03:02.189> us<00:03:02.400> that<00:03:02.579> we're<00:03:02.669> not 00:03:02.690 --> 00:03:02.700 align:start position:0% human resource around us that we're not 00:03:02.700 --> 00:03:05.000 align:start position:0% human resource around us that we're not making<00:03:02.909> use<00:03:03.299> of<00:03:03.530> especially<00:03:04.530> young<00:03:04.980> people 00:03:05.000 --> 00:03:05.010 align:start position:0% making use of especially young people 00:03:05.010 --> 00:03:07.339 align:start position:0% making use of especially young people who<00:03:05.400> realize<00:03:05.909> that<00:03:06.319> blockchain<00:03:07.319> and 00:03:07.339 --> 00:03:07.349 align:start position:0% who realize that blockchain and 00:03:07.349 --> 00:03:09.110 align:start position:0% who realize that blockchain and cryptocurrency<00:03:07.919> is<00:03:08.280> going<00:03:08.489> to<00:03:08.549> be<00:03:08.639> big<00:03:08.849> in<00:03:08.879> the 00:03:09.110 --> 00:03:09.120 align:start position:0% cryptocurrency is going to be big in the 00:03:09.120 --> 00:03:11.000 align:start position:0% cryptocurrency is going to be big in the future<00:03:09.299> and<00:03:09.629> they're<00:03:09.720> looking<00:03:10.109> to<00:03:10.560> enter<00:03:10.889> into 00:03:11.000 --> 00:03:11.010 align:start position:0% future and they're looking to enter into 00:03:11.010 --> 00:03:14.089 align:start position:0% future and they're looking to enter into the<00:03:11.280> space<00:03:11.689> and<00:03:12.689> these<00:03:13.470> are<00:03:13.620> people<00:03:13.859> that<00:03:13.950> they 00:03:14.089 --> 00:03:14.099 align:start position:0% the space and these are people that they 00:03:14.099 --> 00:03:16.039 align:start position:0% the space and these are people that they have<00:03:14.220> no<00:03:14.430> family<00:03:14.730> they're<00:03:15.450> really<00:03:15.840> dedicated 00:03:16.039 --> 00:03:16.049 align:start position:0% have no family they're really dedicated 00:03:16.049 --> 00:03:17.539 align:start position:0% have no family they're really dedicated they're<00:03:16.590> really<00:03:16.799> creative<00:03:17.370> they're 00:03:17.539 --> 00:03:17.549 align:start position:0% they're really creative they're 00:03:17.549 --> 00:03:19.520 align:start position:0% they're really creative they're ambitious<00:03:17.879> but<00:03:18.689> the<00:03:18.780> problem<00:03:19.109> is<00:03:19.230> is<00:03:19.379> right 00:03:19.520 --> 00:03:19.530 align:start position:0% ambitious but the problem is is right 00:03:19.530 --> 00:03:21.020 align:start position:0% ambitious but the problem is is right now<00:03:19.709> they<00:03:19.889> just<00:03:19.919> kind<00:03:20.310> of<00:03:20.370> end<00:03:20.609> up<00:03:20.760> getting 00:03:21.020 --> 00:03:21.030 align:start position:0% now they just kind of end up getting 00:03:21.030 --> 00:03:23.839 align:start position:0% now they just kind of end up getting used<00:03:21.329> as<00:03:21.569> tools<00:03:22.129> working<00:03:23.129> for<00:03:23.400> companies 00:03:23.839 --> 00:03:23.849 align:start position:0% used as tools working for companies 00:03:23.849 --> 00:03:28.520 align:start position:0% used as tools working for companies doing<00:03:24.060> slave<00:03:24.870> work<00:03:25.139> and<00:03:25.639> and<00:03:26.780> the<00:03:27.780> the<00:03:28.109> problem 00:03:28.520 --> 00:03:28.530 align:start position:0% doing slave work and and the the problem 00:03:28.530 --> 00:03:30.649 align:start position:0% doing slave work and and the the problem is<00:03:28.620> is<00:03:28.739> we<00:03:28.889> have<00:03:29.010> a<00:03:29.040> big<00:03:29.489> inversion<00:03:30.209> inside<00:03:30.510> of 00:03:30.649 --> 00:03:30.659 align:start position:0% is is we have a big inversion inside of 00:03:30.659 --> 00:03:33.500 align:start position:0% is is we have a big inversion inside of cryptocurrency<00:03:31.379> space<00:03:32.069> where<00:03:32.430> there's<00:03:33.389> this 00:03:33.500 --> 00:03:33.510 align:start position:0% cryptocurrency space where there's this 00:03:33.510 --> 00:03:35.930 align:start position:0% cryptocurrency space where there's this startup<00:03:34.109> mentality<00:03:34.349> which<00:03:35.010> is<00:03:35.159> like<00:03:35.340> let's 00:03:35.930 --> 00:03:35.940 align:start position:0% startup mentality which is like let's 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nurturing<00:03:41.940> our<00:03:42.449> into<00:03:43.319> the<00:03:43.979> talent<00:03:44.459> that's 00:03:44.599 --> 00:03:44.609 align:start position:0% nurturing our into the talent that's 00:03:44.609 --> 00:03:47.000 align:start position:0% nurturing our into the talent that's inside<00:03:45.090> of<00:03:45.120> our<00:03:45.359> community<00:03:45.900> there's<00:03:46.560> a<00:03:46.650> lot<00:03:46.889> of 00:03:47.000 --> 00:03:47.010 align:start position:0% inside of our community there's a lot of 00:03:47.010 --> 00:03:48.619 align:start position:0% inside of our community there's a lot of young<00:03:47.190> people<00:03:47.400> and<00:03:47.819> especially<00:03:48.209> young<00:03:48.540> people 00:03:48.619 --> 00:03:48.629 align:start position:0% young people and especially young people 00:03:48.629 --> 00:03:50.509 align:start position:0% young people and especially young people that<00:03:48.989> feel<00:03:49.109> disaffected<00:03:49.680> by<00:03:49.979> what's<00:03:50.190> going<00:03:50.430> on 00:03:50.509 --> 00:03:50.519 align:start position:0% that feel disaffected by what's going on 00:03:50.519 --> 00:03:53.599 align:start position:0% that feel disaffected by what's going on or<00:03:50.669> sit<00:03:50.909> or<00:03:51.120> sense<00:03:51.629> how<00:03:52.079> we're<00:03:53.010> not<00:03:53.220> actually 00:03:53.599 --> 00:03:53.609 align:start position:0% or sit or sense how we're not actually 00:03:53.609 --> 00:03:55.670 align:start position:0% or sit or sense how we're not actually fulfilling<00:03:54.540> the<00:03:54.930> vision<00:03:54.959> of<00:03:55.319> cryptocurrency 00:03:55.670 --> 00:03:55.680 align:start position:0% fulfilling the vision of cryptocurrency 00:03:55.680 --> 00:03:58.219 align:start position:0% fulfilling the vision of cryptocurrency that<00:03:56.190> we<00:03:56.280> want<00:03:56.459> it<00:03:56.940> wanted<00:03:57.209> to<00:03:57.299> make<00:03:57.510> and<00:03:57.720> but 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projects exist now I'm going to 00:04:06.120 --> 00:04:09.199 align:start position:0% these projects exist now I'm going to fail<00:04:06.329> simply<00:04:07.229> because<00:04:07.680> they<00:04:08.609> don't<00:04:08.819> know<00:04:08.970> even 00:04:09.199 --> 00:04:09.209 align:start position:0% fail simply because they don't know even 00:04:09.209 --> 00:04:10.610 align:start position:0% fail simply because they don't know even themselves<00:04:09.510> what<00:04:09.989> they're<00:04:10.109> trying<00:04:10.319> to<00:04:10.379> create 00:04:10.610 --> 00:04:10.620 align:start position:0% themselves what they're trying to create 00:04:10.620 --> 00:04:12.170 align:start position:0% themselves what they're trying to create you<00:04:10.680> know<00:04:10.949> they<00:04:11.069> don't<00:04:11.189> have<00:04:11.430> a<00:04:11.459> clear<00:04:11.699> vision 00:04:12.170 --> 00:04:12.180 align:start position:0% you know they don't have a clear vision 00:04:12.180 --> 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kingdoms<00:04:19.859> and<00:04:20.310> are<00:04:20.430> trying<00:04:20.639> to<00:04:20.699> one-up<00:04:20.909> each 00:04:21.170 --> 00:04:21.180 align:start position:0% kingdoms and are trying to one-up each 00:04:21.180 --> 00:04:24.379 align:start position:0% kingdoms and are trying to one-up each other<00:04:22.610> you<00:04:23.610> know<00:04:23.729> like<00:04:23.759> trying<00:04:24.030> to<00:04:24.180> further 00:04:24.379 --> 00:04:24.389 align:start position:0% other you know like trying to further 00:04:24.389 --> 00:04:29.450 align:start position:0% other you know like trying to further their<00:04:24.659> brand<00:04:24.930> and<00:04:26.750> you<00:04:27.750> know<00:04:27.900> it's<00:04:28.050> like<00:04:28.460> I'm 00:04:29.450 --> 00:04:29.460 align:start position:0% their brand and you know it's like I'm 00:04:29.460 --> 00:04:31.760 align:start position:0% their brand and you know it's like I'm trying<00:04:29.729> I'm<00:04:30.300> building<00:04:30.719> Academy<00:04:31.169> in<00:04:31.260> Spain<00:04:31.529> so 00:04:31.760 --> 00:04:31.770 align:start position:0% trying I'm building Academy in Spain so 00:04:31.770 --> 00:04:32.330 align:start position:0% trying I'm building Academy in Spain so train 00:04:32.330 --> 00:04:32.340 align:start position:0% train 00:04:32.340 --> 00:04:34.850 align:start position:0% train developers<00:04:33.240> to<00:04:33.390> train<00:04:33.600> hackers<00:04:34.050> and<00:04:34.350> its 00:04:34.850 --> 00:04:34.860 align:start position:0% developers to train hackers and its 00:04:34.860 --> 00:04:37.990 align:start position:0% developers to train hackers and its really<00:04:35.310> incredibly<00:04:35.760> difficult<00:04:36.000> to<00:04:36.480> get 00:04:37.990 --> 00:04:38.000 align:start position:0% really incredibly difficult to get 00:04:38.000 --> 00:04:40.700 align:start position:0% really incredibly difficult to get donations<00:04:39.000> from<00:04:39.300> people<00:04:39.540> to<00:04:39.900> support 00:04:40.700 --> 00:04:40.710 align:start position:0% donations from people to support 00:04:40.710 --> 00:04:43.160 align:start position:0% donations from people to support something<00:04:41.160> this<00:04:41.540> strategically<00:04:42.540> important 00:04:43.160 --> 00:04:43.170 align:start position:0% something this strategically important 00:04:43.170 --> 00:04:46.940 align:start position:0% something this strategically important for<00:04:44.040> cryptocurrency<00:04:44.520> as<00:04:44.820> a<00:04:45.270> whole<00:04:45.570> I<00:04:46.050> met<00:04:46.770> with 00:04:46.940 --> 00:04:46.950 align:start position:0% for cryptocurrency as a whole I met with 00:04:46.950 --> 00:04:49.370 align:start position:0% for cryptocurrency as a whole I met with Vitalik<00:04:47.430> and<00:04:47.700> and<00:04:48.150> I<00:04:48.540> explained<00:04:49.020> to<00:04:49.170> him<00:04:49.290> about 00:04:49.370 --> 00:04:49.380 align:start position:0% Vitalik and and I explained to him about 00:04:49.380 --> 00:04:51.170 align:start position:0% Vitalik and and I explained to him about all<00:04:49.650> these<00:04:49.770> projects<00:04:50.250> what<00:04:50.580> exactly<00:04:50.940> we<00:04:51.060> need 00:04:51.170 --> 00:04:51.180 align:start position:0% all these projects what exactly we need 00:04:51.180 --> 00:04:53.750 align:start position:0% all these projects what exactly we need to<00:04:51.330> build<00:04:51.590> and<00:04:52.590> that<00:04:52.620> I<00:04:52.980> have<00:04:53.190> a<00:04:53.220> company 00:04:53.750 --> 00:04:53.760 align:start position:0% to build and that I have a company 00:04:53.760 --> 00:04:54.890 align:start position:0% to build and that I have a company that's<00:04:53.970> willing<00:04:54.180> to<00:04:54.390> put<00:04:54.540> in<00:04:54.660> a<00:04:54.750> hundred 00:04:54.890 --> 00:04:54.900 align:start position:0% that's willing to put in a hundred 00:04:54.900 --> 00:04:57.230 align:start position:0% that's willing to put in a hundred thousand<00:04:55.680> and<00:04:55.920> I<00:04:56.430> need<00:04:56.610> to<00:04:56.730> raise<00:04:56.910> a<00:04:56.940> hundred 00:04:57.230 --> 00:04:57.240 align:start position:0% thousand and I need to raise a hundred 00:04:57.240 --> 00:04:59.660 align:start position:0% thousand and I need to raise a hundred thousand<00:04:57.960> from<00:04:58.140> for<00:04:58.500> other<00:04:58.650> people<00:04:59.100> and<00:04:59.340> I 00:04:59.660 --> 00:04:59.670 align:start position:0% thousand from for other people and I 00:04:59.670 --> 00:05:02.420 align:start position:0% thousand from for other people and I need<00:04:59.730> 25k<00:05:00.540> from<00:05:00.810> him<00:05:01.020> and<00:05:01.290> he<00:05:01.530> was<00:05:01.650> like<00:05:01.800> mmm<00:05:02.160> I 00:05:02.420 --> 00:05:02.430 align:start position:0% need 25k from him and he was like mmm I 00:05:02.430 --> 00:05:04.370 align:start position:0% need 25k from him and he was like mmm I think<00:05:02.940> about<00:05:03.150> it<00:05:03.390> and<00:05:03.630> that<00:05:03.780> was<00:05:03.900> a<00:05:03.930> guy<00:05:04.140> that 00:05:04.370 --> 00:05:04.380 align:start position:0% think about it and that was a guy that 00:05:04.380 --> 00:05:07.700 align:start position:0% think about it and that was a guy that before<00:05:04.880> aetherium<00:05:05.880> he<00:05:06.450> was<00:05:06.630> living<00:05:07.350> with<00:05:07.530> us 00:05:07.700 --> 00:05:07.710 align:start position:0% before aetherium he was living with us 00:05:07.710 --> 00:05:10.160 align:start position:0% before aetherium he was living with us we<00:05:08.040> were<00:05:08.160> supporting<00:05:08.640> his<00:05:08.790> work<00:05:09.030> as<00:05:09.900> well<00:05:10.050> as 00:05:10.160 --> 00:05:10.170 align:start position:0% we were supporting his work as well as 00:05:10.170 --> 00:05:14.090 align:start position:0% we were supporting his work as well as other<00:05:10.350> developers<00:05:11.720> so<00:05:12.720> and<00:05:13.590> the<00:05:13.710> problem<00:05:13.800> with 00:05:14.090 --> 00:05:14.100 align:start position:0% other developers so and the problem with 00:05:14.100 --> 00:05:16.490 align:start position:0% other developers so and the problem with Vitalik<00:05:14.700> is<00:05:14.910> he<00:05:15.630> had<00:05:15.780> a<00:05:15.810> low<00:05:16.050> social 00:05:16.490 --> 00:05:16.500 align:start position:0% Vitalik is he had a low social 00:05:16.500 --> 00:05:18.860 align:start position:0% Vitalik is he had a low social intelligence<00:05:16.920> so<00:05:17.880> he's<00:05:18.060> not<00:05:18.180> able<00:05:18.330> to<00:05:18.540> discern 00:05:18.860 --> 00:05:18.870 align:start position:0% intelligence so he's not able to discern 00:05:18.870 --> 00:05:20.600 align:start position:0% intelligence so he's not able to discern like<00:05:19.140> who<00:05:19.350> his<00:05:19.620> friends<00:05:19.800> and<00:05:20.130> who's<00:05:20.280> not<00:05:20.460> his 00:05:20.600 --> 00:05:20.610 align:start position:0% like who his friends and who's not his 00:05:20.610 --> 00:05:22.400 align:start position:0% like who his friends and who's not his friends<00:05:20.970> and<00:05:21.180> he<00:05:21.450> has<00:05:21.540> his<00:05:21.690> tight<00:05:21.960> cadre<00:05:22.380> of 00:05:22.400 --> 00:05:22.410 align:start position:0% friends and he has his tight cadre of 00:05:22.410 --> 00:05:24.590 align:start position:0% friends and he has his tight cadre of people<00:05:22.650> around<00:05:23.040> him<00:05:23.370> and<00:05:23.640> there's<00:05:24.300> a<00:05:24.390> lot<00:05:24.510> of 00:05:24.590 --> 00:05:24.600 align:start position:0% people around him and there's a lot of 00:05:24.600 --> 00:05:26.480 align:start position:0% people around him and there's a lot of rhetoric<00:05:24.780> we<00:05:25.140> have<00:05:25.320> about<00:05:25.500> decentralization 00:05:26.480 --> 00:05:26.490 align:start position:0% rhetoric we have about decentralization 00:05:26.490 --> 00:05:28.580 align:start position:0% rhetoric we have about decentralization but<00:05:27.330> there<00:05:27.540> are<00:05:27.600> all<00:05:27.780> of<00:05:27.960> these<00:05:28.080> hidden 00:05:28.580 --> 00:05:28.590 align:start position:0% but there are all of these hidden 00:05:28.590 --> 00:05:31.190 align:start position:0% but there are all of these hidden hierarchies<00:05:29.460> that<00:05:29.760> basically<00:05:30.690> form<00:05:30.990> like 00:05:31.190 --> 00:05:31.200 align:start position:0% hierarchies that basically form like 00:05:31.200 --> 00:05:35.480 align:start position:0% hierarchies that basically form like closed<00:05:31.560> cliques<00:05:31.980> or<00:05:32.310> like<00:05:32.790> cartels<00:05:34.280> GAF<00:05:35.280> word 00:05:35.480 --> 00:05:35.490 align:start position:0% closed cliques or like cartels GAF word 00:05:35.490 --> 00:05:39.140 align:start position:0% closed cliques or like cartels GAF word as<00:05:35.670> well<00:05:35.850> you<00:05:36.180> know<00:05:36.300> he's<00:05:36.510> like<00:05:36.720> oh<00:05:37.430> my<00:05:38.430> you 00:05:39.140 --> 00:05:39.150 align:start position:0% as well you know he's like oh my you 00:05:39.150 --> 00:05:40.520 align:start position:0% as well you know he's like oh my you know<00:05:39.240> like<00:05:39.390> it's<00:05:39.570> like<00:05:39.630> if<00:05:39.870> we<00:05:40.020> want<00:05:40.230> to<00:05:40.320> build 00:05:40.520 --> 00:05:40.530 align:start position:0% know like it's like if we want to build 00:05:40.530 --> 00:05:42.230 align:start position:0% know like it's like if we want to build something<00:05:40.860> big<00:05:41.220> we<00:05:41.550> have<00:05:41.700> to<00:05:41.850> work<00:05:42.000> together 00:05:42.230 --> 00:05:42.240 align:start position:0% something big we have to work together 00:05:42.240 --> 00:05:45.440 align:start position:0% something big we have to work together towards<00:05:42.810> a<00:05:42.900> long<00:05:43.110> vision<00:05:43.560> and<00:05:44.120> gaff<00:05:45.120> woods<00:05:45.330> is 00:05:45.440 --> 00:05:45.450 align:start position:0% towards a long vision and gaff woods is 00:05:45.450 --> 00:05:47.210 align:start position:0% towards a long vision and gaff woods is like<00:05:45.600> yeah<00:05:45.810> it's<00:05:45.990> cool<00:05:46.230> we're<00:05:46.500> gonna<00:05:46.590> work<00:05:46.860> we 00:05:47.210 --> 00:05:47.220 align:start position:0% like yeah it's cool we're gonna work we 00:05:47.220 --> 00:05:49.820 align:start position:0% like yeah it's cool we're gonna work we will<00:05:47.310> work<00:05:47.520> together<00:05:47.700> bla<00:05:48.150> bla<00:05:48.360> bla<00:05:48.650> he's<00:05:49.650> like 00:05:49.820 --> 00:05:49.830 align:start position:0% will work together bla bla bla he's like 00:05:49.830 --> 00:05:52.010 align:start position:0% will work together bla bla bla he's like yeah<00:05:50.520> you<00:05:50.580> can<00:05:50.730> do<00:05:51.000> one<00:05:51.150> of<00:05:51.270> our<00:05:51.390> grants<00:05:51.720> for 00:05:52.010 --> 00:05:52.020 align:start position:0% yeah you can do one of our grants for 00:05:52.020 --> 00:05:54.530 align:start position:0% yeah you can do one of our grants for 100k<00:05:52.410> what<00:05:53.340> happens<00:05:53.730> the<00:05:53.850> grant<00:05:54.090> gets<00:05:54.300> stuck 00:05:54.530 --> 00:05:54.540 align:start position:0% 100k what happens the grant gets stuck 00:05:54.540 --> 00:05:56.540 align:start position:0% 100k what happens the grant gets stuck in<00:05:54.690> the<00:05:54.780> bureaucratic<00:05:55.230> machinery<00:05:56.160> you<00:05:56.400> know 00:05:56.540 --> 00:05:56.550 align:start position:0% in the bureaucratic machinery you know 00:05:56.550 --> 00:05:59.300 align:start position:0% in the bureaucratic machinery you know so<00:05:56.790> there's<00:05:57.750> a<00:05:57.810> very<00:05:58.020> interesting<00:05:58.310> story 00:05:59.300 --> 00:05:59.310 align:start position:0% so there's a very interesting story 00:05:59.310 --> 00:06:02.810 align:start position:0% so there's a very interesting story about<00:05:59.400> Nikola<00:06:00.030> Tesla<00:06:00.810> who<00:06:01.340> he<00:06:02.340> was<00:06:02.490> working 00:06:02.810 --> 00:06:02.820 align:start position:0% about Nikola Tesla who he was working 00:06:02.820 --> 00:06:05.690 align:start position:0% about Nikola Tesla who he was working for<00:06:02.850> Edison<00:06:03.030> Edison<00:06:03.750> said<00:06:03.960> if<00:06:04.110> you<00:06:04.230> solve<00:06:04.700> the 00:06:05.690 --> 00:06:05.700 align:start position:0% for Edison Edison said if you solve the 00:06:05.700 --> 00:06:08.570 align:start position:0% for Edison Edison said if you solve the problem<00:06:06.060> with<00:06:06.240> my<00:06:06.450> power<00:06:07.200> plants<00:06:07.800> you'll<00:06:08.370> get 00:06:08.570 --> 00:06:08.580 align:start position:0% problem with my power plants you'll get 00:06:08.580 --> 00:06:11.720 align:start position:0% problem with my power plants you'll get a<00:06:08.610> bonus<00:06:08.850> of<00:06:09.150> 50,000<00:06:10.160> they<00:06:11.160> call<00:06:11.310> it<00:06:11.430> says<00:06:11.580> that 00:06:11.720 --> 00:06:11.730 align:start position:0% a bonus of 50,000 they call it says that 00:06:11.730 --> 00:06:13.700 align:start position:0% a bonus of 50,000 they call it says that he<00:06:11.820> solved<00:06:12.180> the<00:06:12.300> problem<00:06:12.660> and<00:06:12.870> what<00:06:13.380> happened 00:06:13.700 --> 00:06:13.710 align:start position:0% he solved the problem and what happened 00:06:13.710 --> 00:06:15.560 align:start position:0% he solved the problem and what happened was<00:06:14.390> Edison 00:06:15.560 --> 00:06:15.570 align:start position:0% was Edison 00:06:15.570 --> 00:06:17.870 align:start position:0% was Edison fired<00:06:15.990> him<00:06:16.320> because<00:06:16.920> he<00:06:17.070> will<00:06:17.490> help<00:06:17.640> felt 00:06:17.870 --> 00:06:17.880 align:start position:0% fired him because he will help felt 00:06:17.880 --> 00:06:20.270 align:start position:0% fired him because he will help felt threatened<00:06:18.240> by<00:06:18.530> what<00:06:19.530> Nikola<00:06:19.920> Tesla 00:06:20.270 --> 00:06:20.280 align:start position:0% threatened by what Nikola Tesla 00:06:20.280 --> 00:06:21.860 align:start position:0% threatened by what Nikola Tesla represented<00:06:20.940> and<00:06:21.120> he<00:06:21.330> ended<00:06:21.540> up<00:06:21.630> being 00:06:21.860 --> 00:06:21.870 align:start position:0% represented and he ended up being 00:06:21.870 --> 00:06:25.220 align:start position:0% represented and he ended up being homeless<00:06:22.140> on<00:06:23.130> the<00:06:23.460> streets<00:06:23.940> digging<00:06:24.540> trenches 00:06:25.220 --> 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align:start position:0% where does the authority and where does 00:06:35.100 --> 00:06:38.840 align:start position:0% where does the authority and where does this<00:06:35.250> system<00:06:35.880> of<00:06:36.000> hierarchy<00:06:36.270> come<00:06:36.780> from<00:06:37.080> is<00:06:37.850> is 00:06:38.840 --> 00:06:38.850 align:start position:0% this system of hierarchy come from is is 00:06:38.850 --> 00:06:41.150 align:start position:0% this system of hierarchy come from is is not<00:06:39.480> necessarily<00:06:40.110> from<00:06:40.230> the<00:06:40.380> system<00:06:40.890> that<00:06:41.010> we 00:06:41.150 --> 00:06:41.160 align:start position:0% not necessarily from the system that we 00:06:41.160 --> 00:06:41.390 align:start position:0% not necessarily from the system that we have 00:06:41.390 --> 00:06:41.400 align:start position:0% have 00:06:41.400 --> 00:06:43.850 align:start position:0% have it's<00:06:42.000> from<00:06:42.480> the<00:06:42.600> mindset<00:06:42.990> that<00:06:43.320> exists<00:06:43.650> inside 00:06:43.850 --> 00:06:43.860 align:start position:0% it's from the mindset that exists inside 00:06:43.860 --> 00:06:45.749 align:start position:0% it's from the mindset that exists inside of<00:06:44.190> the<00:06:44.250> community 00:06:45.749 --> 00:06:45.759 align:start position:0% of the community 00:06:45.759 --> 00:06:47.850 align:start position:0% of the community right<00:06:46.150> now<00:06:46.330> all<00:06:46.990> of<00:06:47.050> these<00:06:47.409> blockchain 00:06:47.850 --> 00:06:47.860 align:start position:0% right now all of these blockchain 00:06:47.860 --> 00:06:49.200 align:start position:0% right now all of these blockchain projects<00:06:48.249> are<00:06:48.309> going<00:06:48.430> to<00:06:48.490> fail<00:06:48.699> because<00:06:48.909> they 00:06:49.200 --> 00:06:49.210 align:start position:0% projects are going to fail because they 00:06:49.210 --> 00:06:50.909 align:start position:0% projects are going to fail because they don't<00:06:49.240> have<00:06:49.599> a<00:06:49.629> narrative<00:06:49.930> their<00:06:50.469> discourse 00:06:50.909 --> 00:06:50.919 align:start position:0% don't have a narrative their discourse 00:06:50.919 --> 00:06:52.799 align:start position:0% don't have a narrative their discourse is<00:06:51.189> weak<00:06:51.400> you<00:06:52.029> know<00:06:52.059> that's<00:06:52.449> the<00:06:52.629> most 00:06:52.799 --> 00:06:52.809 align:start position:0% is weak you know that's the most 00:06:52.809 --> 00:06:54.689 align:start position:0% is weak you know that's the most important<00:06:53.319> thing<00:06:53.349> is<00:06:53.559> the<00:06:53.919> narrative<00:06:54.370> because 00:06:54.689 --> 00:06:54.699 align:start position:0% important thing is the narrative because 00:06:54.699 --> 00:06:56.399 align:start position:0% important thing is the narrative because it's<00:06:54.849> how<00:06:54.999> you<00:06:55.059> build<00:06:55.419> a<00:06:55.509> movement<00:06:55.749> how<00:06:56.349> you 00:06:56.399 --> 00:06:56.409 align:start position:0% it's how you build a movement how you 00:06:56.409 --> 00:06:59.040 align:start position:0% it's how you build a movement how you attract<00:06:56.889> people<00:06:57.009> together<00:06:57.580> to<00:06:58.059> go<00:06:58.479> towards<00:06:58.960> a 00:06:59.040 --> 00:06:59.050 align:start position:0% attract people together to go towards a 00:06:59.050 --> 00:07:01.439 align:start position:0% attract people together to go towards a long-term<00:06:59.620> strategic<00:06:59.919> objective<00:07:00.879> you<00:07:01.330> know 00:07:01.439 --> 00:07:01.449 align:start position:0% long-term strategic objective you know 00:07:01.449 --> 00:07:03.899 align:start position:0% long-term strategic objective you know right<00:07:01.659> now<00:07:01.979> there<00:07:02.979> is<00:07:03.159> what<00:07:03.430> I<00:07:03.460> would<00:07:03.699> call<00:07:03.849> a 00:07:03.899 --> 00:07:03.909 align:start position:0% right now there is what I would call a 00:07:03.909 --> 00:07:06.089 align:start position:0% right now there is what I would call a complexity<00:07:04.689> oriented<00:07:05.289> approach<00:07:05.620> you<00:07:05.949> know 00:07:06.089 --> 00:07:06.099 align:start position:0% complexity oriented approach you know 00:07:06.099 --> 00:07:08.100 align:start position:0% complexity oriented approach you know there<00:07:06.309> is<00:07:06.400> there<00:07:07.029> is<00:07:07.120> a<00:07:07.150> noted<00:07:07.569> tendency<00:07:08.080> of 00:07:08.100 --> 00:07:08.110 align:start position:0% there is there is a noted tendency of 00:07:08.110 --> 00:07:11.519 align:start position:0% there is there is a noted tendency of engineers<00:07:08.710> that<00:07:09.599> what<00:07:10.599> we<00:07:10.719> do<00:07:10.870> as<00:07:10.990> engineers 00:07:11.519 --> 00:07:11.529 align:start position:0% engineers that what we do as engineers 00:07:11.529 --> 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game<00:07:26.889> art<00:07:27.219> it's<00:07:27.699> like<00:07:27.819> cumbersome 00:07:28.529 --> 00:07:28.539 align:start position:0% make video game art it's like cumbersome 00:07:28.539 --> 00:07:31.230 align:start position:0% make video game art it's like cumbersome it<00:07:28.839> doesn't<00:07:29.199> look<00:07:29.379> creative<00:07:30.039> at<00:07:30.159> all<00:07:30.399> or<00:07:30.699> for 00:07:31.230 --> 00:07:31.240 align:start position:0% it doesn't look creative at all or for 00:07:31.240 --> 00:07:33.329 align:start position:0% it doesn't look creative at all or for example<00:07:31.659> any<00:07:31.899> kind<00:07:32.439> of<00:07:32.499> software<00:07:33.009> where<00:07:33.219> the 00:07:33.329 --> 00:07:33.339 align:start position:0% example any kind of software where the 00:07:33.339 --> 00:07:35.070 align:start position:0% example any kind of software where the user<00:07:33.550> interface<00:07:34.120> is<00:07:34.449> designed<00:07:34.719> by<00:07:35.050> a 00:07:35.070 --> 00:07:35.080 align:start position:0% user interface is designed by a 00:07:35.080 --> 00:07:37.469 align:start position:0% user interface is designed by a programmer<00:07:35.620> they're<00:07:36.219> very<00:07:36.370> cumbersome<00:07:36.969> they 00:07:37.469 --> 00:07:37.479 align:start position:0% programmer they're very cumbersome they 00:07:37.479 --> 00:07:40.409 align:start position:0% programmer they're very cumbersome they have<00:07:37.629> like<00:07:37.779> too<00:07:37.990> many<00:07:38.199> features<00:07:39.240> so<00:07:40.240> they're 00:07:40.409 --> 00:07:40.419 align:start position:0% have like too many features so they're 00:07:40.419 --> 00:07:42.749 align:start position:0% have like too many features so they're so<00:07:40.779> there<00:07:41.110> is<00:07:41.229> a<00:07:41.259> tendency<00:07:41.559> of<00:07:41.889> developers 00:07:42.749 --> 00:07:42.759 align:start position:0% so there is a tendency of developers 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features rather<00:07:51.969> than<00:07:52.209> actually<00:07:52.479> solving<00:07:53.020> real 00:07:53.670 --> 00:07:53.680 align:start position:0% rather than actually solving real 00:07:53.680 --> 00:07:55.920 align:start position:0% rather than actually solving real problems<00:07:53.709> or<00:07:54.669> use<00:07:54.849> cases<00:07:55.240> in<00:07:55.360> the<00:07:55.449> market<00:07:55.810> they 00:07:55.920 --> 00:07:55.930 align:start position:0% problems or use cases in the market they 00:07:55.930 --> 00:08:01.889 align:start position:0% problems or use cases in the market they exist<00:07:56.430> and<00:07:57.509> so<00:07:59.039> you<00:08:00.039> know<00:08:00.189> so<00:08:01.089> we<00:08:01.509> have<00:08:01.719> to 00:08:01.889 --> 00:08:01.899 align:start position:0% exist and so you know so we have to 00:08:01.899 --> 00:08:03.959 align:start position:0% exist and so you know so we have to first<00:08:02.409> understand<00:08:03.129> like<00:08:03.370> what<00:08:03.669> is<00:08:03.789> it<00:08:03.939> that 00:08:03.959 --> 00:08:03.969 align:start position:0% first understand like what is it that 00:08:03.969 --> 00:08:05.820 align:start position:0% first understand like what is it that we're<00:08:04.180> going<00:08:04.509> towards<00:08:04.959> there<00:08:05.439> is<00:08:05.529> a<00:08:05.560> lot<00:08:05.740> of 00:08:05.820 --> 00:08:05.830 align:start position:0% we're going towards there is a lot of 00:08:05.830 --> 00:08:07.589 align:start position:0% we're going towards there is a lot of rhetoric<00:08:05.979> about<00:08:06.310> the<00:08:06.459> state<00:08:06.909> like<00:08:07.300> what<00:08:07.479> is 00:08:07.589 --> 00:08:07.599 align:start position:0% rhetoric about the state like what is 00:08:07.599 --> 00:08:10.170 align:start position:0% rhetoric about the state like what is the<00:08:07.810> state<00:08:08.080> the<00:08:08.649> state<00:08:08.919> is<00:08:08.949> a<00:08:09.129> system<00:08:09.699> that 00:08:10.170 --> 00:08:10.180 align:start position:0% the state the state is a system that 00:08:10.180 --> 00:08:12.209 align:start position:0% the state the state is a system that that<00:08:10.569> have<00:08:10.779> a<00:08:10.810> that<00:08:11.680> you<00:08:11.740> make<00:08:12.009> use<00:08:12.189> of 00:08:12.209 --> 00:08:12.219 align:start position:0% that have a that you make use of 00:08:12.219 --> 00:08:14.459 align:start position:0% that have a that you make use of ideology<00:08:13.089> you<00:08:13.300> know<00:08:13.599> you<00:08:13.689> have<00:08:13.839> the<00:08:13.959> priests 00:08:14.459 --> 00:08:14.469 align:start position:0% ideology you know you have the priests 00:08:14.469 --> 00:08:17.339 align:start position:0% ideology you know you have the priests of<00:08:14.680> liberalism<00:08:15.159> it<00:08:16.089> have<00:08:16.300> the<00:08:16.539> military<00:08:16.870> or 00:08:17.339 --> 00:08:17.349 align:start position:0% of liberalism it have the military or 00:08:17.349 --> 00:08:19.499 align:start position:0% of liberalism it have the military or the<00:08:17.469> coercive<00:08:17.949> force<00:08:18.189> the<00:08:18.520> police<00:08:18.789> and<00:08:19.089> the 00:08:19.499 --> 00:08:19.509 align:start position:0% the coercive force the police and the 00:08:19.509 --> 00:08:21.209 align:start position:0% the coercive force the police and the administration<00:08:20.199> and<00:08:20.379> the<00:08:20.439> bureaucracy<00:08:20.649> and 00:08:21.209 --> 00:08:21.219 align:start position:0% administration and the bureaucracy and 00:08:21.219 --> 00:08:22.860 align:start position:0% administration and the bureaucracy and all<00:08:21.580> the<00:08:21.669> technical<00:08:22.059> knowledge<00:08:22.209> and<00:08:22.569> the 00:08:22.860 --> 00:08:22.870 align:start position:0% all the technical knowledge and the 00:08:22.870 --> 00:08:24.629 align:start position:0% all the technical knowledge and the state<00:08:23.169> is<00:08:23.319> a<00:08:23.349> system<00:08:23.800> that<00:08:23.949> used<00:08:24.219> people<00:08:24.550> as 00:08:24.629 --> 00:08:24.639 align:start position:0% state is a system that used people as 00:08:24.639 --> 00:08:27.119 align:start position:0% state is a system that used people as human<00:08:24.909> beings<00:08:25.180> use<00:08:25.389> people<00:08:25.719> as<00:08:25.779> tools<00:08:26.080> do<00:08:26.919> not 00:08:27.119 --> 00:08:27.129 align:start position:0% human beings use people as tools do not 00:08:27.129 --> 00:08:28.949 align:start position:0% human beings use people as tools do not does<00:08:27.610> not<00:08:27.639> help<00:08:28.240> people<00:08:28.330> achieve<00:08:28.689> their 00:08:28.949 --> 00:08:28.959 align:start position:0% does not help people achieve their 00:08:28.959 --> 00:08:30.809 align:start position:0% does not help people achieve their individual<00:08:29.830> freedom<00:08:30.189> so<00:08:30.339> instead<00:08:30.669> of 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should be thinking about what the<00:08:38.649> tools<00:08:38.949> that<00:08:39.099> we<00:08:39.339> that<00:08:39.880> that<00:08:40.120> we<00:08:40.569> can<00:08:40.810> build 00:08:41.040 --> 00:08:41.050 align:start position:0% the tools that we that that we can build 00:08:41.050 --> 00:08:44.879 align:start position:0% the tools that we that that we can build to<00:08:41.289> enable<00:08:41.860> people<00:08:42.039> who<00:08:42.659> have<00:08:43.659> who<00:08:44.290> share<00:08:44.620> an 00:08:44.879 --> 00:08:44.889 align:start position:0% to enable people who have who share an 00:08:44.889 --> 00:08:47.069 align:start position:0% to enable people who have who share an ideology<00:08:45.670> that<00:08:45.699> we<00:08:45.940> have<00:08:46.120> like<00:08:46.360> how<00:08:46.480> can<00:08:46.839> we 00:08:47.069 --> 00:08:47.079 align:start position:0% ideology that we have like how can we 00:08:47.079 --> 00:08:49.980 align:start position:0% ideology that we have like how can we empower<00:08:47.829> this<00:08:48.519> section<00:08:49.089> of<00:08:49.209> the<00:08:49.300> market<00:08:49.540> or 00:08:49.980 --> 00:08:49.990 align:start position:0% empower this section of the market or 00:08:49.990 --> 00:08:52.680 align:start position:0% empower this section of the market or these<00:08:50.350> groups<00:08:50.680> of<00:08:50.889> people<00:08:51.069> that<00:08:51.610> we<00:08:52.389> want<00:08:52.510> to 00:08:52.680 --> 00:08:52.690 align:start position:0% these groups of people that we want to 00:08:52.690 --> 00:08:57.210 align:start position:0% these groups of people that we want to move<00:08:52.870> forwards<00:08:53.260> with<00:08:53.500> and<00:08:53.680> and<00:08:54.670> the<00:08:55.630> to<00:08:56.620> to 00:08:57.210 --> 00:08:57.220 align:start position:0% move forwards with and and the to to 00:08:57.220 --> 00:08:58.740 align:start position:0% move forwards with and and the to to create<00:08:57.579> that<00:08:57.790> form<00:08:58.029> of<00:08:58.120> society 00:08:58.740 --> 00:08:58.750 align:start position:0% create that form of society 00:08:58.750 --> 00:08:59.860 align:start position:0% create that form of society where 00:08:59.860 --> 00:08:59.870 align:start position:0% where 00:08:59.870 --> 00:09:01.600 align:start position:0% where that<00:09:00.199> free<00:09:00.440> society<00:09:00.949> we<00:09:01.070> have<00:09:01.100> to<00:09:01.310> create<00:09:01.519> an 00:09:01.600 --> 00:09:01.610 align:start position:0% that free society we have to create an 00:09:01.610 --> 00:09:03.999 align:start position:0% that free society we have to create an ethical<00:09:02.149> philosophical<00:09:02.680> society<00:09:03.680> it<00:09:03.769> comes 00:09:03.999 --> 00:09:04.009 align:start position:0% ethical philosophical society it comes 00:09:04.009 --> 00:09:05.379 align:start position:0% ethical philosophical society it comes through<00:09:04.190> the<00:09:04.610> development<00:09:05.149> of<00:09:05.269> the 00:09:05.379 --> 00:09:05.389 align:start position:0% through the development of the 00:09:05.389 --> 00:09:07.689 align:start position:0% through the development of the intellectual<00:09:06.079> ideas<00:09:06.500> and<00:09:06.769> right<00:09:07.190> now<00:09:07.339> in 00:09:07.689 --> 00:09:07.699 align:start position:0% intellectual ideas and right now in 00:09:07.699 --> 00:09:10.150 align:start position:0% intellectual ideas and right now in cryptocurrency<00:09:08.300> space<00:09:08.779> it's<00:09:09.620> becoming<00:09:09.949> very 00:09:10.150 --> 00:09:10.160 align:start position:0% cryptocurrency space it's becoming very 00:09:10.160 --> 00:09:12.150 align:start position:0% cryptocurrency space it's becoming very difficult<00:09:10.250> to<00:09:10.940> solve<00:09:11.149> problems<00:09:11.690> because 00:09:12.150 --> 00:09:12.160 align:start position:0% difficult to solve problems because 00:09:12.160 --> 00:09:15.430 align:start position:0% difficult to solve problems because there<00:09:13.160> is<00:09:13.310> not<00:09:13.550> any<00:09:13.790> kind<00:09:14.120> of<00:09:14.449> proper<00:09:14.930> analysis 00:09:15.430 --> 00:09:15.440 align:start position:0% there is not any kind of proper analysis 00:09:15.440 --> 00:09:17.439 align:start position:0% there is not any kind of proper analysis being<00:09:15.680> done<00:09:15.740> of<00:09:15.980> the<00:09:16.069> society<00:09:16.610> we're 00:09:17.439 --> 00:09:17.449 align:start position:0% being done of the society we're 00:09:17.449 --> 00:09:19.360 align:start position:0% being done of the society we're repeating<00:09:17.750> all<00:09:18.139> the<00:09:18.170> same<00:09:18.589> mistakes<00:09:18.800> we<00:09:19.160> made 00:09:19.360 --> 00:09:19.370 align:start position:0% repeating all the same mistakes we made 00:09:19.370 --> 00:09:21.519 align:start position:0% repeating all the same mistakes we made from<00:09:19.699> the<00:09:20.420> history<00:09:20.750> of<00:09:20.839> technology<00:09:21.350> no 00:09:21.519 --> 00:09:21.529 align:start position:0% from the history of technology no 00:09:21.529 --> 00:09:23.170 align:start position:0% from the history of technology no everything's<00:09:21.980> our<00:09:22.190> historical<00:09:22.819> nobody's 00:09:23.170 --> 00:09:23.180 align:start position:0% everything's our historical nobody's 00:09:23.180 --> 00:09:24.970 align:start position:0% everything's our historical nobody's looking<00:09:23.480> at<00:09:23.540> the<00:09:23.720> history<00:09:24.259> of<00:09:24.350> technology<00:09:24.860> or 00:09:24.970 --> 00:09:24.980 align:start position:0% looking at the history of technology or 00:09:24.980 --> 00:09:26.879 align:start position:0% looking at the history of technology or the<00:09:25.069> history<00:09:25.339> of<00:09:25.399> humanity 00:09:26.879 --> 00:09:26.889 align:start position:0% the history of humanity 00:09:26.889 --> 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developed UNIX is<00:09:36.589> origin<00:09:37.220> is<00:09:37.399> is<00:09:37.970> where<00:09:38.449> all<00:09:38.660> the<00:09:38.959> modern 00:09:39.189 --> 00:09:39.199 align:start position:0% is origin is is where all the modern 00:09:39.199 --> 00:09:40.870 align:start position:0% is origin is is where all the modern concepts<00:09:39.649> behind<00:09:39.769> the<00:09:39.980> computer<00:09:40.160> were<00:09:40.550> were 00:09:40.870 --> 00:09:40.880 align:start position:0% concepts behind the computer were were 00:09:40.880 --> 00:09:43.800 align:start position:0% concepts behind the computer were were invented<00:09:41.480> the<00:09:41.720> network<00:09:42.380> socket<00:09:42.920> the<00:09:43.190> file 00:09:43.800 --> 00:09:43.810 align:start position:0% invented the network socket the file 00:09:43.810 --> 00:09:46.389 align:start position:0% invented the network socket the file time-sharing<00:09:44.810> operating<00:09:45.290> system<00:09:45.709> that<00:09:46.160> was 00:09:46.389 --> 00:09:46.399 align:start position:0% time-sharing operating system that was 00:09:46.399 --> 00:09:49.150 align:start position:0% time-sharing operating system that was made<00:09:46.550> by<00:09:46.730> UNIX<00:09:47.089> in<00:09:47.269> the<00:09:47.360> 70s<00:09:47.810> what<00:09:48.800> happened 00:09:49.150 --> 00:09:49.160 align:start position:0% made by UNIX in the 70s what happened 00:09:49.160 --> 00:09:51.189 align:start position:0% made by UNIX in the 70s what happened was<00:09:49.279> at<00:09:49.399> the<00:09:49.430> time<00:09:49.759> there<00:09:50.300> were<00:09:50.389> several<00:09:50.630> big 00:09:51.189 --> 00:09:51.199 align:start position:0% was at the time there were several big 00:09:51.199 --> 00:09:53.370 align:start position:0% was at the time there were several big operating<00:09:51.709> system<00:09:52.069> projects<00:09:52.550> like<00:09:52.699> IITs 00:09:53.370 --> 00:09:53.380 align:start position:0% operating system projects like IITs 00:09:53.380 --> 00:09:54.749 align:start position:0% operating system projects like IITs multix 00:09:54.749 --> 00:09:54.759 align:start position:0% multix 00:09:54.759 --> 00:09:58.930 align:start position:0% multix MST<00:09:55.759> a<00:09:56.149> whole<00:09:56.360> bunch<00:09:56.569> of<00:09:56.720> them<00:09:56.990> and<00:09:57.910> what<00:09:58.910> they 00:09:58.930 --> 00:09:58.940 align:start position:0% MST a whole bunch of them and what they 00:09:58.940 --> 00:10:01.030 align:start position:0% MST a whole bunch of them and what they were<00:09:59.120> doing<00:09:59.509> is<00:09:59.660> they<00:09:59.899> were<00:09:59.930> really<00:10:00.649> big 00:10:01.030 --> 00:10:01.040 align:start position:0% were doing is they were really big 00:10:01.040 --> 00:10:03.280 align:start position:0% were doing is they were really big well-funded<00:10:01.670> projects<00:10:02.329> that<00:10:02.420> had<00:10:02.540> huge 00:10:03.280 --> 00:10:03.290 align:start position:0% well-funded projects that had huge 00:10:03.290 --> 00:10:05.319 align:start position:0% well-funded projects that had huge amounts<00:10:03.649> of<00:10:03.740> capital<00:10:03.920> and<00:10:04.399> they<00:10:04.459> they<00:10:05.000> were<00:10:05.149> go 00:10:05.319 --> 00:10:05.329 align:start position:0% amounts of capital and they they were go 00:10:05.329 --> 00:10:06.610 align:start position:0% amounts of capital and they they were go they<00:10:05.569> were<00:10:05.660> going<00:10:05.899> they<00:10:06.110> were<00:10:06.199> doing<00:10:06.440> things 00:10:06.610 --> 00:10:06.620 align:start position:0% they were going they were doing things 00:10:06.620 --> 00:10:09.610 align:start position:0% they were going they were doing things very<00:10:06.920> academically<00:10:07.579> like<00:10:08.300> bit<00:10:08.870> by<00:10:09.079> bit<00:10:09.110> and 00:10:09.610 --> 00:10:09.620 align:start position:0% very academically like bit by bit and 00:10:09.620 --> 00:10:12.370 align:start position:0% very academically like bit by bit and they<00:10:10.010> were<00:10:10.069> focused<00:10:10.610> on<00:10:11.230> perfection<00:10:12.230> and 00:10:12.370 --> 00:10:12.380 align:start position:0% they were focused on perfection and 00:10:12.380 --> 00:10:14.889 align:start position:0% they were focused on perfection and completeness<00:10:13.130> and<00:10:13.639> there<00:10:14.240> was<00:10:14.389> a<00:10:14.420> group<00:10:14.750> of 00:10:14.889 --> 00:10:14.899 align:start position:0% completeness and there was a group of 00:10:14.899 --> 00:10:17.079 align:start position:0% completeness and there was a group of developers<00:10:15.529> who<00:10:15.769> left<00:10:16.069> from<00:10:16.430> all<00:10:16.699> these<00:10:16.880> major 00:10:17.079 --> 00:10:17.089 align:start position:0% developers who left from all these major 00:10:17.089 --> 00:10:19.559 align:start position:0% developers who left from all these major operating<00:10:17.569> system<00:10:17.839> projects<00:10:18.260> who<00:10:18.620> would<00:10:18.740> this 00:10:19.559 --> 00:10:19.569 align:start position:0% operating system projects who would this 00:10:19.569 --> 00:10:22.329 align:start position:0% operating system projects who would this disaffected<00:10:20.569> by<00:10:21.019> how<00:10:21.230> they<00:10:21.380> were<00:10:21.440> going<00:10:22.160> and 00:10:22.329 --> 00:10:22.339 align:start position:0% disaffected by how they were going and 00:10:22.339 --> 00:10:23.740 align:start position:0% disaffected by how they were going and they<00:10:22.730> founded<00:10:23.089> Unix 00:10:23.740 --> 00:10:23.750 align:start position:0% they founded Unix 00:10:23.750 --> 00:10:26.259 align:start position:0% they founded Unix and<00:10:23.990> they<00:10:24.769> took<00:10:24.980> all<00:10:25.160> the<00:10:25.279> best<00:10:25.579> ideas<00:10:25.790> at<00:10:26.180> the 00:10:26.259 --> 00:10:26.269 align:start position:0% and they took all the best ideas at the 00:10:26.269 --> 00:10:29.350 align:start position:0% and they took all the best ideas at the time<00:10:26.510> and<00:10:26.750> they<00:10:26.870> developed<00:10:27.709> this<00:10:28.360> operating 00:10:29.350 --> 00:10:29.360 align:start position:0% time and they developed this operating 00:10:29.360 --> 00:10:30.610 align:start position:0% time and they developed this operating system 00:10:30.610 --> 00:10:30.620 align:start position:0% system 00:10:30.620 --> 00:10:33.790 align:start position:0% system they<00:10:30.829> basically<00:10:31.779> the<00:10:32.779> way<00:10:32.930> it<00:10:33.079> was<00:10:33.230> built<00:10:33.529> was 00:10:33.790 --> 00:10:33.800 align:start position:0% they basically the way it was built was 00:10:33.800 --> 00:10:36.220 align:start position:0% they basically the way it was built was out<00:10:33.949> of<00:10:34.069> components<00:10:34.850> and<00:10:35.120> these<00:10:35.600> components 00:10:36.220 --> 00:10:36.230 align:start position:0% out of components and these components 00:10:36.230 --> 00:10:38.439 align:start position:0% out of components and these components could<00:10:36.319> be<00:10:36.470> put<00:10:36.740> together<00:10:36.920> in<00:10:37.490> ways<00:10:38.000> that<00:10:38.300> the 00:10:38.439 --> 00:10:38.449 align:start position:0% could be put together in ways that the 00:10:38.449 --> 00:10:39.910 align:start position:0% could be put together in ways that the programmers<00:10:38.990> did<00:10:39.170> not<00:10:39.410> originally 00:10:39.910 --> 00:10:39.920 align:start position:0% programmers did not originally 00:10:39.920 --> 00:10:41.860 align:start position:0% programmers did not originally envisioned<00:10:40.459> to<00:10:40.639> create<00:10:40.880> new<00:10:41.060> functionality 00:10:41.860 --> 00:10:41.870 align:start position:0% envisioned to create new functionality 00:10:41.870 --> 00:10:44.139 align:start position:0% envisioned to create new functionality and<00:10:42.079> that<00:10:42.560> enabled<00:10:42.920> UNIX<00:10:43.310> to<00:10:43.459> be<00:10:43.550> adaptable 00:10:44.139 --> 00:10:44.149 align:start position:0% and that enabled UNIX to be adaptable 00:10:44.149 --> 00:10:46.750 align:start position:0% and that enabled UNIX to be adaptable and<00:10:44.420> to<00:10:44.569> be<00:10:45.560> able<00:10:45.649> to<00:10:45.829> be<00:10:45.949> changed<00:10:46.220> for<00:10:46.550> many 00:10:46.750 --> 00:10:46.760 align:start position:0% and to be able to be changed for many 00:10:46.760 --> 00:10:51.550 align:start position:0% and to be able to be changed for many different<00:10:47.000> use<00:10:47.420> cases<00:10:47.860> and<00:10:49.540> and<00:10:50.560> basically 00:10:51.550 --> 00:10:51.560 align:start position:0% different use cases and and basically 00:10:51.560 --> 00:10:55.210 align:start position:0% different use cases and and basically UNIX<00:10:53.139> delivered<00:10:54.139> the<00:10:54.230> operating<00:10:54.620> system<00:10:55.040> all 00:10:55.210 --> 00:10:55.220 align:start position:0% UNIX delivered the operating system all 00:10:55.220 --> 00:10:56.110 align:start position:0% UNIX delivered the operating system all the<00:10:55.399> other<00:10:55.519> projects 00:10:56.110 --> 00:10:56.120 align:start position:0% the other projects 00:10:56.120 --> 00:11:00.189 align:start position:0% the other projects ended<00:10:56.660> up<00:10:56.750> to<00:10:56.899> fail<00:10:57.220> and<00:10:58.220> they<00:10:59.180> put<00:10:59.720> forward<00:10:59.990> a 00:11:00.189 --> 00:11:00.199 align:start position:0% ended up to fail and they put forward a 00:11:00.199 --> 00:11:04.600 align:start position:0% ended up to fail and they put forward a new<00:11:00.410> paradigm<00:11:01.009> of<00:11:01.449> technology<00:11:02.800> which<00:11:03.800> you 00:11:04.600 --> 00:11:04.610 align:start position:0% new paradigm of technology which you 00:11:04.610 --> 00:11:07.629 align:start position:0% new paradigm of technology which you know<00:11:04.759> in<00:11:05.389> over<00:11:05.689> 50<00:11:06.170> years<00:11:06.439> our<00:11:06.860> computing 00:11:07.629 --> 00:11:07.639 align:start position:0% know in over 50 years our computing 00:11:07.639 --> 00:11:10.210 align:start position:0% know in over 50 years our computing paradigm<00:11:07.880> has<00:11:08.329> not<00:11:08.540> changed<00:11:08.990> the<00:11:09.230> the<00:11:09.680> devices 00:11:10.210 --> 00:11:10.220 align:start position:0% paradigm has not changed the the devices 00:11:10.220 --> 00:11:12.040 align:start position:0% paradigm has not changed the the devices that<00:11:10.399> we<00:11:10.490> use<00:11:10.519> they've<00:11:11.000> got<00:11:11.209> smaller 00:11:12.040 --> 00:11:12.050 align:start position:0% that we use they've got smaller 00:11:12.050 --> 00:11:13.370 align:start position:0% that we use they've got smaller they've<00:11:12.290> got<00:11:12.529> faster 00:11:13.370 --> 00:11:13.380 align:start position:0% they've got faster 00:11:13.380 --> 00:11:15.140 align:start position:0% they've got faster but<00:11:13.620> they<00:11:13.680> haven't<00:11:14.010> changed<00:11:14.280> even<00:11:14.790> something 00:11:15.140 --> 00:11:15.150 align:start position:0% but they haven't changed even something 00:11:15.150 --> 00:11:18.050 align:start position:0% but they haven't changed even something as<00:11:15.450> simple<00:11:15.720> as<00:11:16.020> sharing<00:11:16.860> a<00:11:16.920> file<00:11:17.250> is<00:11:17.730> still 00:11:18.050 --> 00:11:18.060 align:start position:0% as simple as sharing a file is still 00:11:18.060 --> 00:11:20.810 align:start position:0% as simple as sharing a file is still really<00:11:18.330> cumbersome<00:11:18.750> you<00:11:18.930> know<00:11:19.170> and<00:11:19.380> I<00:11:20.100> see 00:11:20.810 --> 00:11:20.820 align:start position:0% really cumbersome you know and I see 00:11:20.820 --> 00:11:23.270 align:start position:0% really cumbersome you know and I see inside<00:11:21.450> of<00:11:21.510> cryptocurrency<00:11:21.930> community<00:11:22.680> there 00:11:23.270 --> 00:11:23.280 align:start position:0% inside of cryptocurrency community there 00:11:23.280 --> 00:11:26.030 align:start position:0% inside of cryptocurrency community there is<00:11:23.460> a<00:11:23.700> lot<00:11:24.060> of<00:11:24.240> focus<00:11:24.660> on<00:11:24.990> mechanisms<00:11:25.800> and 00:11:26.030 --> 00:11:26.040 align:start position:0% is a lot of focus on mechanisms and 00:11:26.040 --> 00:11:27.500 align:start position:0% is a lot of focus on mechanisms and techniques<00:11:26.400> but<00:11:26.910> there<00:11:27.030> is<00:11:27.150> very<00:11:27.360> little 00:11:27.500 --> 00:11:27.510 align:start position:0% techniques but there is very little 00:11:27.510 --> 00:11:29.600 align:start position:0% techniques but there is very little joining<00:11:27.930> up<00:11:28.110> the<00:11:28.140> dots<00:11:28.260> there's<00:11:29.040> very<00:11:29.310> little 00:11:29.600 --> 00:11:29.610 align:start position:0% joining up the dots there's very little 00:11:29.610 --> 00:11:32.390 align:start position:0% joining up the dots there's very little talk<00:11:29.940> about<00:11:30.240> structure<00:11:30.990> and<00:11:31.400> infrastructure 00:11:32.390 --> 00:11:32.400 align:start position:0% talk about structure and infrastructure 00:11:32.400 --> 00:11:35.270 align:start position:0% talk about structure and infrastructure like<00:11:32.850> how<00:11:33.030> can<00:11:33.240> we<00:11:33.390> go<00:11:33.600> to<00:11:34.010> areas<00:11:35.010> where<00:11:35.160> we 00:11:35.270 --> 00:11:35.280 align:start position:0% like how can we go to areas where we 00:11:35.280 --> 00:11:37.070 align:start position:0% like how can we go to areas where we have<00:11:35.490> agreements<00:11:36.480> with<00:11:36.540> the<00:11:36.720> local 00:11:37.070 --> 00:11:37.080 align:start position:0% have agreements with the local 00:11:37.080 --> 00:11:38.870 align:start position:0% have agreements with the local administration<00:11:37.650> and<00:11:38.160> there<00:11:38.760> is<00:11:38.850> a 00:11:38.870 --> 00:11:38.880 align:start position:0% administration and there is a 00:11:38.880 --> 00:11:40.400 align:start position:0% administration and there is a potentially<00:11:39.510> huge<00:11:39.690> market<00:11:40.080> and<00:11:40.200> we<00:11:40.260> can 00:11:40.400 --> 00:11:40.410 align:start position:0% potentially huge market and we can 00:11:40.410 --> 00:11:43.360 align:start position:0% potentially huge market and we can deploy<00:11:41.210> cryptocurrency<00:11:42.210> a<00:11:42.450> mass<00:11:42.840> scale 00:11:43.360 --> 00:11:43.370 align:start position:0% deploy cryptocurrency a mass scale 00:11:43.370 --> 00:11:46.010 align:start position:0% deploy cryptocurrency a mass scale larger<00:11:44.370> these<00:11:44.550> are<00:11:44.700> big<00:11:44.910> opportunities<00:11:45.390> in 00:11:46.010 --> 00:11:46.020 align:start position:0% larger these are big opportunities in 00:11:46.020 --> 00:11:52.970 align:start position:0% larger these are big opportunities in the<00:11:46.320> market<00:11:48.110> so<00:11:49.110> you<00:11:50.000> know<00:11:51.470> one<00:11:52.470> thing<00:11:52.710> I've 00:11:52.970 --> 00:11:52.980 align:start position:0% the market so you know one thing I've 00:11:52.980 --> 00:11:55.550 align:start position:0% the market so you know one thing I've been<00:11:53.220> interested<00:11:53.550> in<00:11:53.850> recently<00:11:54.330> is<00:11:54.720> about 00:11:55.550 --> 00:11:55.560 align:start position:0% been interested in recently is about 00:11:55.560 --> 00:12:01.040 align:start position:0% been interested in recently is about anonymous<00:11:56.370> mixes<00:11:57.080> which<00:11:58.080> you<00:11:58.650> know<00:11:59.540> a<00:12:00.540> lot<00:12:01.020> of 00:12:01.040 --> 00:12:01.050 align:start position:0% anonymous mixes which you know a lot of 00:12:01.050 --> 00:12:03.560 align:start position:0% anonymous mixes which you know a lot of now<00:12:01.320> that<00:12:01.560> anima<00:12:02.100> tea<00:12:02.280> techniques<00:12:02.700> they<00:12:03.270> exist 00:12:03.560 --> 00:12:03.570 align:start position:0% now that anima tea techniques they exist 00:12:03.570 --> 00:12:06.410 align:start position:0% now that anima tea techniques they exist now<00:12:03.750> they<00:12:03.990> shift<00:12:04.650> the<00:12:04.860> burden<00:12:05.040> from<00:12:05.970> the 00:12:06.410 --> 00:12:06.420 align:start position:0% now they shift the burden from the 00:12:06.420 --> 00:12:08.330 align:start position:0% now they shift the burden from the verifier<00:12:06.930> to<00:12:07.200> the<00:12:07.290> prover<00:12:07.740> because<00:12:08.070> when<00:12:08.250> you 00:12:08.330 --> 00:12:08.340 align:start position:0% verifier to the prover because when you 00:12:08.340 --> 00:12:10.250 align:start position:0% verifier to the prover because when you have<00:12:08.460> a<00:12:08.520> blockchain<00:12:09.050> everybody<00:12:10.050> have<00:12:10.230> to 00:12:10.250 --> 00:12:10.260 align:start position:0% have a blockchain everybody have to 00:12:10.260 --> 00:12:14.090 align:start position:0% have a blockchain everybody have to verify<00:12:10.830> the<00:12:10.890> transit<00:12:11.580> transactions<00:12:12.530> so<00:12:13.530> they 00:12:14.090 --> 00:12:14.100 align:start position:0% verify the transit transactions so they 00:12:14.100 --> 00:12:16.060 align:start position:0% verify the transit transactions so they try<00:12:14.310> to<00:12:14.340> shift<00:12:14.700> the<00:12:14.940> burden<00:12:15.060> to<00:12:15.300> the<00:12:15.420> prover 00:12:16.060 --> 00:12:16.070 align:start position:0% try to shift the burden to the prover 00:12:16.070 --> 00:12:19.820 align:start position:0% try to shift the burden to the prover but<00:12:17.070> you<00:12:17.820> know<00:12:17.940> with<00:12:18.540> a<00:12:18.570> mixer<00:12:19.080> we<00:12:19.680> can 00:12:19.820 --> 00:12:19.830 align:start position:0% but you know with a mixer we can 00:12:19.830 --> 00:12:22.280 align:start position:0% but you know with a mixer we can actually<00:12:20.210> we<00:12:21.210> can<00:12:21.330> actually<00:12:21.600> you<00:12:21.960> there's 00:12:22.280 --> 00:12:22.290 align:start position:0% actually we can actually you there's 00:12:22.290 --> 00:12:25.670 align:start position:0% actually we can actually you there's this<00:12:23.570> you<00:12:24.570> you<00:12:24.960> can<00:12:25.110> take<00:12:25.290> some<00:12:25.530> of<00:12:25.620> these 00:12:25.670 --> 00:12:25.680 align:start position:0% this you you can take some of these 00:12:25.680 --> 00:12:29.030 align:start position:0% this you you can take some of these algorithms<00:12:26.070> for<00:12:26.850> example<00:12:27.080> ring<00:12:28.080> CT<00:12:28.320> algorithm 00:12:29.030 --> 00:12:29.040 align:start position:0% algorithms for example ring CT algorithm 00:12:29.040 --> 00:12:31.580 align:start position:0% algorithms for example ring CT algorithm which<00:12:29.550> Manero<00:12:30.120> is<00:12:30.480> not<00:12:30.690> anonymous<00:12:30.840> member 00:12:31.580 --> 00:12:31.590 align:start position:0% which Manero is not anonymous member 00:12:31.590 --> 00:12:33.770 align:start position:0% which Manero is not anonymous member when<00:12:31.710> boys<00:12:31.860> not<00:12:32.190> anonymous<00:12:32.370> zed<00:12:33.240> cash<00:12:33.480> is 00:12:33.770 --> 00:12:33.780 align:start position:0% when boys not anonymous zed cash is 00:12:33.780 --> 00:12:36.110 align:start position:0% when boys not anonymous zed cash is anonymous<00:12:34.470> but<00:12:35.160> it's<00:12:35.310> a<00:12:35.400> massive<00:12:35.580> ruby 00:12:36.110 --> 00:12:36.120 align:start position:0% anonymous but it's a massive ruby 00:12:36.120 --> 00:12:38.000 align:start position:0% anonymous but it's a massive ruby goldberg<00:12:36.570> machine<00:12:36.780> with<00:12:37.200> many<00:12:37.380> moving<00:12:37.620> parts 00:12:38.000 --> 00:12:38.010 align:start position:0% goldberg machine with many moving parts 00:12:38.010 --> 00:12:40.990 align:start position:0% goldberg machine with many moving parts which<00:12:38.730> has<00:12:38.910> a<00:12:38.940> really<00:12:39.360> big<00:12:39.570> attack<00:12:40.440> surface 00:12:40.990 --> 00:12:41.000 align:start position:0% which has a really big attack surface 00:12:41.000 --> 00:12:43.340 align:start position:0% which has a really big attack surface but<00:12:42.000> there<00:12:42.150> is<00:12:42.240> a<00:12:42.270> lot<00:12:42.450> of<00:12:42.480> really<00:12:42.780> interesting 00:12:43.340 --> 00:12:43.350 align:start position:0% but there is a lot of really interesting 00:12:43.350 --> 00:12:46.480 align:start position:0% but there is a lot of really interesting research<00:12:43.560> into<00:12:44.250> anonymity<00:12:45.030> techniques<00:12:45.570> even 00:12:46.480 --> 00:12:46.490 align:start position:0% research into anonymity techniques even 00:12:46.490 --> 00:12:50.930 align:start position:0% research into anonymity techniques even ring<00:12:47.490> CT<00:12:47.880> is<00:12:48.000> south<00:12:48.300> which<00:12:48.960> is<00:12:49.700> manera<00:12:50.700> is<00:12:50.790> not 00:12:50.930 --> 00:12:50.940 align:start position:0% ring CT is south which is manera is not 00:12:50.940 --> 00:12:52.760 align:start position:0% ring CT is south which is manera is not anonymous<00:12:51.030> because<00:12:51.510> as<00:12:51.630> a<00:12:51.690> key<00:12:51.900> size<00:12:52.140> of<00:12:52.320> 10<00:12:52.530> if 00:12:52.760 --> 00:12:52.770 align:start position:0% anonymous because as a key size of 10 if 00:12:52.770 --> 00:12:55.940 align:start position:0% anonymous because as a key size of 10 if you<00:12:53.280> take<00:12:53.520> a<00:12:53.790> hundred<00:12:54.270> thousand<00:12:54.690> keys<00:12:55.230> i 00:12:55.940 --> 00:12:55.950 align:start position:0% you take a hundred thousand keys i 00:12:55.950 --> 00:12:58.100 align:start position:0% you take a hundred thousand keys i implemented<00:12:56.640> the<00:12:56.850> algorithm<00:12:57.360> took<00:12:57.480> 74 00:12:58.100 --> 00:12:58.110 align:start position:0% implemented the algorithm took 74 00:12:58.110 --> 00:13:02.360 align:start position:0% implemented the algorithm took 74 seconds<00:12:59.390> i<00:13:00.390> basically<00:13:01.350> was<00:13:01.650> able<00:13:01.770> to<00:13:01.920> do<00:13:02.070> a<00:13:02.100> lot 00:13:02.360 --> 00:13:02.370 align:start position:0% seconds i basically was able to do a lot 00:13:02.370 --> 00:13:04.610 align:start position:0% seconds i basically was able to do a lot of<00:13:02.460> optimization<00:13:03.330> such<00:13:03.900> as<00:13:04.080> doubling<00:13:04.500> the 00:13:04.610 --> 00:13:04.620 align:start position:0% of optimization such as doubling the 00:13:04.620 --> 00:13:07.940 align:start position:0% of optimization such as doubling the proof<00:13:04.860> size<00:13:05.160> which<00:13:06.060> allow<00:13:06.300> the<00:13:06.440> the<00:13:07.440> proof<00:13:07.650> and 00:13:07.940 --> 00:13:07.950 align:start position:0% proof size which allow the the proof and 00:13:07.950 --> 00:13:09.800 align:start position:0% proof size which allow the the proof and the<00:13:08.370> verification<00:13:08.790> to<00:13:09.180> be<00:13:09.270> calculated 00:13:09.800 --> 00:13:09.810 align:start position:0% the verification to be calculated 00:13:09.810 --> 00:13:11.900 align:start position:0% the verification to be calculated massively<00:13:10.500> in<00:13:10.710> parallel<00:13:11.130> which<00:13:11.580> the 00:13:11.900 --> 00:13:11.910 align:start position:0% massively in parallel which the 00:13:11.910 --> 00:13:14.960 align:start position:0% massively in parallel which the verification<00:13:12.630> you<00:13:13.110> have<00:13:13.320> these<00:13:13.500> servers<00:13:14.040> you 00:13:14.960 --> 00:13:14.970 align:start position:0% verification you have these servers you 00:13:14.970 --> 00:13:17.870 align:start position:0% verification you have these servers you have<00:13:15.030> these<00:13:15.330> sorry<00:13:16.050> CPUs<00:13:16.560> could<00:13:16.860> aim<00:13:17.160> the<00:13:17.640> rice 00:13:17.870 --> 00:13:17.880 align:start position:0% have these sorry CPUs could aim the rice 00:13:17.880 --> 00:13:20.450 align:start position:0% have these sorry CPUs could aim the rice and<00:13:18.150> thread<00:13:18.420> Ripper<00:13:18.750> with<00:13:18.930> 32<00:13:19.440> cores<00:13:19.710> and<00:13:19.920> 64 00:13:20.450 --> 00:13:20.460 align:start position:0% and thread Ripper with 32 cores and 64 00:13:20.460 --> 00:13:22.430 align:start position:0% and thread Ripper with 32 cores and 64 threads<00:13:20.700> if<00:13:21.000> you<00:13:21.450> have<00:13:21.570> a<00:13:21.600> computer<00:13:22.080> with<00:13:22.200> four 00:13:22.430 --> 00:13:22.440 align:start position:0% threads if you have a computer with four 00:13:22.440 --> 00:13:24.190 align:start position:0% threads if you have a computer with four of<00:13:22.590> those<00:13:22.770> you<00:13:22.950> have<00:13:23.070> a<00:13:23.100> massive<00:13:23.520> amount<00:13:23.760> of 00:13:24.190 --> 00:13:24.200 align:start position:0% of those you have a massive amount of 00:13:24.200 --> 00:13:26.370 align:start position:0% of those you have a massive amount of parallel<00:13:25.200> power 00:13:26.370 --> 00:13:26.380 align:start position:0% parallel power 00:13:26.380 --> 00:13:29.010 align:start position:0% parallel power but<00:13:26.470> even<00:13:26.770> now<00:13:27.430> there's<00:13:27.760> other<00:13:28.450> techniques 00:13:29.010 --> 00:13:29.020 align:start position:0% but even now there's other techniques 00:13:29.020 --> 00:13:31.110 align:start position:0% but even now there's other techniques like<00:13:29.290> there's<00:13:30.070> a<00:13:30.130> very<00:13:30.190> interesting<00:13:30.610> project 00:13:31.110 --> 00:13:31.120 align:start position:0% like there's a very interesting project 00:13:31.120 --> 00:13:33.510 align:start position:0% like there's a very interesting project called<00:13:31.450> Zed<00:13:31.720> coin<00:13:31.990> and<00:13:32.290> the<00:13:32.830> guy<00:13:32.950> they're<00:13:33.340> very 00:13:33.510 --> 00:13:33.520 align:start position:0% called Zed coin and the guy they're very 00:13:33.520 --> 00:13:35.040 align:start position:0% called Zed coin and the guy they're very small<00:13:33.820> team<00:13:34.060> but<00:13:34.360> they're<00:13:34.660> very<00:13:34.810> motivated 00:13:35.040 --> 00:13:35.050 align:start position:0% small team but they're very motivated 00:13:35.050 --> 00:13:37.680 align:start position:0% small team but they're very motivated and<00:13:35.770> they've<00:13:36.760> developed<00:13:37.090> a<00:13:37.330> technique<00:13:37.630> called 00:13:37.680 --> 00:13:37.690 align:start position:0% and they've developed a technique called 00:13:37.690 --> 00:13:40.140 align:start position:0% and they've developed a technique called LaLanne<00:13:38.200> tiss<00:13:38.410> which<00:13:38.770> is<00:13:38.920> based<00:13:39.130> off<00:13:39.310> of<00:13:39.340> Jen's 00:13:40.140 --> 00:13:40.150 align:start position:0% LaLanne tiss which is based off of Jen's 00:13:40.150 --> 00:13:42.840 align:start position:0% LaLanne tiss which is based off of Jen's graph<00:13:40.450> one<00:13:40.630> out<00:13:40.780> of<00:13:40.810> n<00:13:41.110> commitment<00:13:41.680> to<00:13:41.950> zero<00:13:42.280> so 00:13:42.840 --> 00:13:42.850 align:start position:0% graph one out of n commitment to zero so 00:13:42.850 --> 00:13:46.410 align:start position:0% graph one out of n commitment to zero so the<00:13:43.000> Monaro<00:13:43.410> so<00:13:44.410> the<00:13:44.500> ring<00:13:44.650> CT<00:13:44.890> scheme<00:13:45.420> with 00:13:46.410 --> 00:13:46.420 align:start position:0% the Monaro so the ring CT scheme with 00:13:46.420 --> 00:13:48.270 align:start position:0% the Monaro so the ring CT scheme with these<00:13:46.600> optimizations<00:13:47.500> I<00:13:47.680> was<00:13:47.800> able<00:13:48.010> to<00:13:48.040> reduce 00:13:48.270 --> 00:13:48.280 align:start position:0% these optimizations I was able to reduce 00:13:48.280 --> 00:13:50.820 align:start position:0% these optimizations I was able to reduce from<00:13:48.580> seventy<00:13:49.000> four<00:13:49.240> seconds<00:13:49.750> to<00:13:49.900> six<00:13:50.590> and<00:13:50.800> a 00:13:50.820 --> 00:13:50.830 align:start position:0% from seventy four seconds to six and a 00:13:50.830 --> 00:13:53.670 align:start position:0% from seventy four seconds to six and a half<00:13:50.860> seconds<00:13:51.580> and<00:13:51.790> with<00:13:52.480> the<00:13:52.690> lantus<00:13:53.290> scheme 00:13:53.670 --> 00:13:53.680 align:start position:0% half seconds and with the lantus scheme 00:13:53.680 --> 00:13:55.710 align:start position:0% half seconds and with the lantus scheme it<00:13:54.010> should<00:13:54.340> be<00:13:54.460> able<00:13:54.550> to<00:13:54.820> should<00:13:55.240> be<00:13:55.300> possible 00:13:55.710 --> 00:13:55.720 align:start position:0% it should be able to should be possible 00:13:55.720 --> 00:13:58.200 align:start position:0% it should be able to should be possible to<00:13:55.870> get<00:13:56.020> because<00:13:56.800> it's<00:13:57.100> not<00:13:57.490> linear<00:13:57.760> speed 00:13:58.200 --> 00:13:58.210 align:start position:0% to get because it's not linear speed 00:13:58.210 --> 00:13:59.670 align:start position:0% to get because it's not linear speed it's<00:13:58.420> logarithmic<00:13:58.630> speed<00:13:59.260> it<00:13:59.350> should<00:13:59.500> be<00:13:59.590> able 00:13:59.670 --> 00:13:59.680 align:start position:0% it's logarithmic speed it should be able 00:13:59.680 --> 00:14:07.820 align:start position:0% it's logarithmic speed it should be able to<00:13:59.830> get<00:14:00.450> milliseconds<00:14:02.880> performance<00:14:04.860> but<00:14:06.120> yeah 00:14:07.820 --> 00:14:07.830 align:start position:0% to get milliseconds performance but yeah 00:14:07.830 --> 00:14:11.790 align:start position:0% to get milliseconds performance but yeah so<00:14:08.830> but<00:14:09.400> starting<00:14:09.820> with<00:14:09.850> a<00:14:10.810> product<00:14:11.470> or 00:14:11.790 --> 00:14:11.800 align:start position:0% so but starting with a product or 00:14:11.800 --> 00:14:14.100 align:start position:0% so but starting with a product or several<00:14:12.520> products<00:14:12.940> we<00:14:13.120> can<00:14:13.270> add<00:14:13.480> features<00:14:14.080> to 00:14:14.100 --> 00:14:14.110 align:start position:0% several products we can add features to 00:14:14.110 --> 00:14:16.230 align:start position:0% several products we can add features to these<00:14:14.410> products<00:14:14.770> but<00:14:15.370> through<00:14:15.550> the<00:14:15.670> process 00:14:16.230 --> 00:14:16.240 align:start position:0% these products but through the process 00:14:16.240 --> 00:14:20.520 align:start position:0% these products but through the process of<00:14:16.950> of<00:14:18.420> examining<00:14:19.420> the<00:14:19.540> market<00:14:19.960> examining<00:14:20.410> the 00:14:20.520 --> 00:14:20.530 align:start position:0% of of examining the market examining the 00:14:20.530 --> 00:14:22.500 align:start position:0% of of examining the market examining the traders<00:14:20.950> the<00:14:21.190> work<00:14:21.370> that<00:14:21.610> they<00:14:21.700> do<00:14:21.760> the 00:14:22.500 --> 00:14:22.510 align:start position:0% traders the work that they do the 00:14:22.510 --> 00:14:25.350 align:start position:0% traders the work that they do the processes<00:14:23.140> that<00:14:23.350> we<00:14:23.860> have<00:14:23.890> we<00:14:24.550> can<00:14:24.580> better 00:14:25.350 --> 00:14:25.360 align:start position:0% processes that we have we can better 00:14:25.360 --> 00:14:28.200 align:start position:0% processes that we have we can better adapt<00:14:25.810> our<00:14:26.710> products<00:14:27.190> and<00:14:27.460> our<00:14:27.610> technology 00:14:28.200 --> 00:14:28.210 align:start position:0% adapt our products and our technology 00:14:28.210 --> 00:14:30.420 align:start position:0% adapt our products and our technology and<00:14:28.360> we<00:14:28.480> can<00:14:28.630> abstract<00:14:29.470> out<00:14:29.620> that<00:14:29.860> technology 00:14:30.420 --> 00:14:30.430 align:start position:0% and we can abstract out that technology 00:14:30.430 --> 00:14:33.720 align:start position:0% and we can abstract out that technology into<00:14:30.850> a<00:14:31.780> platform<00:14:32.560> you<00:14:32.770> know<00:14:33.130> it's<00:14:33.280> like<00:14:33.430> I<00:14:33.580> go 00:14:33.720 --> 00:14:33.730 align:start position:0% into a platform you know it's like I go 00:14:33.730 --> 00:14:36.240 align:start position:0% into a platform you know it's like I go to<00:14:33.790> some<00:14:34.060> of<00:14:34.090> these<00:14:34.210> talks<00:14:34.600> and<00:14:34.990> I<00:14:35.740> hear<00:14:36.010> people 00:14:36.240 --> 00:14:36.250 align:start position:0% to some of these talks and I hear people 00:14:36.250 --> 00:14:40.680 align:start position:0% to some of these talks and I hear people talking<00:14:36.490> about<00:14:38.790> you<00:14:39.790> know<00:14:39.880> decentralized 00:14:40.680 --> 00:14:40.690 align:start position:0% talking about you know decentralized 00:14:40.690 --> 00:14:43.260 align:start position:0% talking about you know decentralized derivatives<00:14:41.320> and<00:14:41.740> you<00:14:42.550> know<00:14:42.700> I'm<00:14:43.000> I'm 00:14:43.260 --> 00:14:43.270 align:start position:0% derivatives and you know I'm I'm 00:14:43.270 --> 00:14:44.910 align:start position:0% derivatives and you know I'm I'm thinking<00:14:43.810> myself<00:14:44.170> and<00:14:44.530> they're<00:14:44.650> talking 00:14:44.910 --> 00:14:44.920 align:start position:0% thinking myself and they're talking 00:14:44.920 --> 00:14:48.180 align:start position:0% thinking myself and they're talking about<00:14:45.120> mortgages<00:14:46.120> and<00:14:46.770> financing<00:14:47.770> for 00:14:48.180 --> 00:14:48.190 align:start position:0% about mortgages and financing for 00:14:48.190 --> 00:14:50.220 align:start position:0% about mortgages and financing for consumers<00:14:48.820> I'm<00:14:49.030> really<00:14:49.510> thinking<00:14:49.630> myself<00:14:49.870> why 00:14:50.220 --> 00:14:50.230 align:start position:0% consumers I'm really thinking myself why 00:14:50.230 --> 00:14:52.500 align:start position:0% consumers I'm really thinking myself why are<00:14:50.770> we<00:14:51.130> not<00:14:51.250> thinking<00:14:51.640> about<00:14:51.730> how<00:14:52.000> to<00:14:52.060> create 00:14:52.500 --> 00:14:52.510 align:start position:0% are we not thinking about how to create 00:14:52.510 --> 00:14:56.010 align:start position:0% are we not thinking about how to create dark<00:14:53.200> finance<00:14:54.010> that<00:14:54.670> we<00:14:54.820> can<00:14:55.000> use<00:14:55.240> to<00:14:55.480> leverage 00:14:56.010 --> 00:14:56.020 align:start position:0% dark finance that we can use to leverage 00:14:56.020 --> 00:14:58.080 align:start position:0% dark finance that we can use to leverage against<00:14:56.470> government<00:14:56.890> bonds<00:14:57.340> to<00:14:57.580> dump<00:14:57.790> on<00:14:57.970> the 00:14:58.080 --> 00:14:58.090 align:start position:0% against government bonds to dump on the 00:14:58.090 --> 00:15:00.420 align:start position:0% against government bonds to dump on the market<00:14:58.510> to<00:14:58.660> crash<00:14:58.810> we<00:14:59.590> can<00:14:59.770> crash<00:14:59.980> national 00:15:00.420 --> 00:15:00.430 align:start position:0% market to crash we can crash national 00:15:00.430 --> 00:15:02.820 align:start position:0% market to crash we can crash national economies<00:15:00.880> you<00:15:01.180> know<00:15:01.270> that's<00:15:01.560> people<00:15:02.560> is<00:15:02.620> not 00:15:02.820 --> 00:15:02.830 align:start position:0% economies you know that's people is not 00:15:02.830 --> 00:15:04.380 align:start position:0% economies you know that's people is not really<00:15:03.070> thinking<00:15:03.460> on<00:15:03.580> a<00:15:03.610> big<00:15:03.850> level<00:15:04.120> I<00:15:04.360> see 00:15:04.380 --> 00:15:04.390 align:start position:0% really thinking on a big level I see 00:15:04.390 --> 00:15:07.290 align:start position:0% really thinking on a big level I see it's<00:15:05.050> like<00:15:05.200> the<00:15:05.380> old<00:15:05.650> rich<00:15:06.040> they<00:15:06.760> raised<00:15:07.060> their 00:15:07.290 --> 00:15:07.300 align:start position:0% it's like the old rich they raised their 00:15:07.300 --> 00:15:08.910 align:start position:0% it's like the old rich they raised their kids<00:15:07.570> from<00:15:07.750> a<00:15:07.870> really<00:15:08.200> young<00:15:08.350> age<00:15:08.380> with<00:15:08.800> all 00:15:08.910 --> 00:15:08.920 align:start position:0% kids from a really young age with all 00:15:08.920 --> 00:15:10.890 align:start position:0% kids from a really young age with all these<00:15:09.040> elaborate<00:15:09.520> rituals<00:15:10.030> and<00:15:10.270> ceremonies 00:15:10.890 --> 00:15:10.900 align:start position:0% these elaborate rituals and ceremonies 00:15:10.900 --> 00:15:14.370 align:start position:0% these elaborate rituals and ceremonies to<00:15:11.860> maintain<00:15:12.310> their<00:15:13.150> power<00:15:13.390> and<00:15:13.750> their<00:15:14.080> and 00:15:14.370 --> 00:15:14.380 align:start position:0% to maintain their power and their and 00:15:14.380 --> 00:15:16.890 align:start position:0% to maintain their power and their and their<00:15:14.430> financial<00:15:15.430> power<00:15:15.640> and<00:15:15.940> this<00:15:16.570> this 00:15:16.890 --> 00:15:16.900 align:start position:0% their financial power and this this 00:15:16.900 --> 00:15:19.230 align:start position:0% their financial power and this this crypto<00:15:17.260> nouveau-riche<00:15:17.950> you<00:15:18.610> see<00:15:18.820> them<00:15:19.000> buying 00:15:19.230 --> 00:15:19.240 align:start position:0% crypto nouveau-riche you see them buying 00:15:19.240 --> 00:15:21.060 align:start position:0% crypto nouveau-riche you see them buying yachts<00:15:19.840> and<00:15:20.140> Lambos<00:15:20.560> nobody's<00:15:20.920> really 00:15:21.060 --> 00:15:21.070 align:start position:0% yachts and Lambos nobody's really 00:15:21.070 --> 00:15:23.160 align:start position:0% yachts and Lambos nobody's really thinking<00:15:21.490> about<00:15:21.700> what<00:15:22.330> we<00:15:22.450> can<00:15:22.600> really<00:15:23.020> do<00:15:23.140> on 00:15:23.160 --> 00:15:23.170 align:start position:0% thinking about what we can really do on 00:15:23.170 --> 00:15:25.110 align:start position:0% thinking about what we can really do on a<00:15:23.290> big<00:15:23.620> scale<00:15:23.950> we<00:15:24.190> can<00:15:24.310> become<00:15:24.550> a<00:15:24.580> global 00:15:25.110 --> 00:15:25.120 align:start position:0% a big scale we can become a global 00:15:25.120 --> 00:15:29.610 align:start position:0% a big scale we can become a global superpower<00:15:26.850> you<00:15:27.850> know<00:15:28.000> and<00:15:28.240> we<00:15:28.960> need<00:15:29.080> to<00:15:29.260> we 00:15:29.610 --> 00:15:29.620 align:start position:0% superpower you know and we need to we 00:15:29.620 --> 00:15:31.230 align:start position:0% superpower you know and we need to we need<00:15:29.770> to<00:15:29.800> develop<00:15:30.100> a<00:15:30.310> new<00:15:30.340> paradigm<00:15:30.970> of 00:15:31.230 --> 00:15:31.240 align:start position:0% need to develop a new paradigm of 00:15:31.240 --> 00:15:34.140 align:start position:0% need to develop a new paradigm of computing<00:15:32.200> you<00:15:32.770> know<00:15:32.920> one<00:15:33.280> which<00:15:33.460> is<00:15:33.640> seamless 00:15:34.140 --> 00:15:34.150 align:start position:0% computing you know one which is seamless 00:15:34.150 --> 00:15:36.960 align:start position:0% computing you know one which is seamless across<00:15:34.540> devices<00:15:35.350> one<00:15:35.860> which<00:15:36.040> allow<00:15:36.460> human 00:15:36.960 --> 00:15:36.970 align:start position:0% across devices one which allow human 00:15:36.970 --> 00:15:38.810 align:start position:0% across devices one which allow human beings<00:15:37.000> to<00:15:37.330> organize<00:15:37.839> economic 00:15:38.810 --> 00:15:38.820 align:start position:0% beings to organize economic 00:15:38.820 --> 00:15:41.450 align:start position:0% beings to organize economic on<00:15:38.940> a<00:15:39.180> large<00:15:39.510> scale<00:15:39.990> you<00:15:40.440> know<00:15:40.560> civilization 00:15:41.450 --> 00:15:41.460 align:start position:0% on a large scale you know civilization 00:15:41.460 --> 00:15:43.760 align:start position:0% on a large scale you know civilization the<00:15:41.610> purpose<00:15:41.970> behind<00:15:42.210> civilization<00:15:43.140> is<00:15:43.320> that 00:15:43.760 --> 00:15:43.770 align:start position:0% the purpose behind civilization is that 00:15:43.770 --> 00:15:46.520 align:start position:0% the purpose behind civilization is that it<00:15:43.890> allow<00:15:44.190> human<00:15:44.970> beings<00:15:45.330> different<00:15:45.900> groups 00:15:46.520 --> 00:15:46.530 align:start position:0% it allow human beings different groups 00:15:46.530 --> 00:15:48.230 align:start position:0% it allow human beings different groups of<00:15:46.740> human<00:15:47.010> beings<00:15:47.250> to<00:15:47.370> come<00:15:47.610> together<00:15:47.850> to 00:15:48.230 --> 00:15:48.240 align:start position:0% of human beings to come together to 00:15:48.240 --> 00:15:50.690 align:start position:0% of human beings to come together to build<00:15:48.390> a<00:15:48.720> society<00:15:49.560> right<00:15:50.160> now<00:15:50.340> the<00:15:50.400> technology 00:15:50.690 --> 00:15:50.700 align:start position:0% build a society right now the technology 00:15:50.700 --> 00:15:53.120 align:start position:0% build a society right now the technology that<00:15:51.210> we<00:15:51.330> use<00:15:51.570> is<00:15:51.810> built<00:15:52.080> for<00:15:52.290> consumers<00:15:52.980> for 00:15:53.120 --> 00:15:53.130 align:start position:0% that we use is built for consumers for 00:15:53.130 --> 00:15:55.550 align:start position:0% that we use is built for consumers for individuals<00:15:53.790> you<00:15:54.030> see<00:15:54.570> this<00:15:54.690> in<00:15:54.900> crypto<00:15:55.290> in 00:15:55.550 --> 00:15:55.560 align:start position:0% individuals you see this in crypto in 00:15:55.560 --> 00:15:57.890 align:start position:0% individuals you see this in crypto in which<00:15:55.800> in<00:15:56.190> which<00:15:56.490> a<00:15:57.090> lot<00:15:57.510> of<00:15:57.540> people<00:15:57.720> is 00:15:57.890 --> 00:15:57.900 align:start position:0% which in which a lot of people is 00:15:57.900 --> 00:15:59.390 align:start position:0% which in which a lot of people is developing<00:15:58.320> products<00:15:58.860> people<00:15:59.100> like 00:15:59.390 --> 00:15:59.400 align:start position:0% developing products people like 00:15:59.400 --> 00:16:01.460 align:start position:0% developing products people like themselves<00:15:59.970> in<00:16:00.120> Silicon<00:16:00.540> Valley<00:16:00.570> when<00:16:01.380> he 00:16:01.460 --> 00:16:01.470 align:start position:0% themselves in Silicon Valley when he 00:16:01.470 --> 00:16:03.620 align:start position:0% themselves in Silicon Valley when he said<00:16:01.680> we<00:16:01.800> should<00:16:01.980> be<00:16:02.100> thinking<00:16:02.550> about<00:16:02.640> we 00:16:03.620 --> 00:16:03.630 align:start position:0% said we should be thinking about we 00:16:03.630 --> 00:16:05.150 align:start position:0% said we should be thinking about we should<00:16:03.780> be<00:16:03.870> thinking<00:16:04.020> about<00:16:04.230> you<00:16:04.890> know<00:16:04.920> like 00:16:05.150 --> 00:16:05.160 align:start position:0% should be thinking about you know like 00:16:05.160 --> 00:16:06.050 align:start position:0% should be thinking about you know like you<00:16:05.250> know<00:16:05.370> like<00:16:05.490> there<00:16:05.640> were<00:16:05.730> all<00:16:05.880> these 00:16:06.050 --> 00:16:06.060 align:start position:0% you know like there were all these 00:16:06.060 --> 00:16:11.360 align:start position:0% you know like there were all these countries<00:16:06.570> like<00:16:07.850> Venezuela<00:16:08.850> Iran<00:16:09.770> Cyprus<00:16:10.770> you 00:16:11.360 --> 00:16:11.370 align:start position:0% countries like Venezuela Iran Cyprus you 00:16:11.370 --> 00:16:12.800 align:start position:0% countries like Venezuela Iran Cyprus you know<00:16:11.490> you<00:16:11.550> got<00:16:11.730> all<00:16:11.880> this<00:16:12.000> crypto<00:16:12.390> news<00:16:12.570> a<00:16:12.690> lot 00:16:12.800 --> 00:16:12.810 align:start position:0% know you got all this crypto news a lot 00:16:12.810 --> 00:16:14.410 align:start position:0% know you got all this crypto news a lot of<00:16:12.960> that<00:16:13.050> is<00:16:13.170> fake<00:16:13.380> news<00:16:13.680> a<00:16:14.010> lot<00:16:14.160> of<00:16:14.250> it<00:16:14.310> is<00:16:14.370> not 00:16:14.410 --> 00:16:14.420 align:start position:0% of that is fake news a lot of it is not 00:16:14.420 --> 00:16:17.030 align:start position:0% of that is fake news a lot of it is not people<00:16:15.420> use<00:16:15.750> statistics<00:16:16.410> but<00:16:16.620> it's<00:16:16.740> not<00:16:16.860> it 00:16:17.030 --> 00:16:17.040 align:start position:0% people use statistics but it's not it 00:16:17.040 --> 00:16:19.100 align:start position:0% people use statistics but it's not it doesn't<00:16:17.070> translate<00:16:17.610> to<00:16:17.730> anything<00:16:18.120> real<00:16:18.510> you 00:16:19.100 --> 00:16:19.110 align:start position:0% doesn't translate to anything real you 00:16:19.110 --> 00:16:21.440 align:start position:0% doesn't translate to anything real you know<00:16:19.230> so<00:16:19.440> those<00:16:20.130> in<00:16:20.520> my<00:16:20.790> opinion<00:16:21.150> were<00:16:21.240> lost 00:16:21.440 --> 00:16:21.450 align:start position:0% know so those in my opinion were lost 00:16:21.450 --> 00:16:25.880 align:start position:0% know so those in my opinion were lost opportunities<00:16:22.350> you<00:16:22.980> know<00:16:23.160> but<00:16:24.650> you<00:16:25.650> know<00:16:25.770> the 00:16:25.880 --> 00:16:25.890 align:start position:0% opportunities you know but you know the 00:16:25.890 --> 00:16:27.740 align:start position:0% opportunities you know but you know the world<00:16:26.070> is<00:16:26.220> collapsing<00:16:27.090> that<00:16:27.270> we<00:16:27.420> are<00:16:27.540> entering 00:16:27.740 --> 00:16:27.750 align:start position:0% world is collapsing that we are entering 00:16:27.750 --> 00:16:31.040 align:start position:0% world is collapsing that we are entering into<00:16:28.500> a<00:16:28.650> new<00:16:28.740> stage<00:16:29.420> globalization<00:16:30.420> is<00:16:30.810> being 00:16:31.040 --> 00:16:31.050 align:start position:0% into a new stage globalization is being 00:16:31.050 --> 00:16:34.250 align:start position:0% into a new stage globalization is being challenged<00:16:31.530> by<00:16:31.680> new<00:16:31.970> upstart<00:16:33.260> nationalist 00:16:34.250 --> 00:16:34.260 align:start position:0% challenged by new upstart nationalist 00:16:34.260 --> 00:16:36.050 align:start position:0% challenged by new upstart nationalist movements<00:16:34.770> we<00:16:34.920> also<00:16:35.040> have<00:16:35.250> the<00:16:35.370> rise<00:16:35.580> of<00:16:35.850> China 00:16:36.050 --> 00:16:36.060 align:start position:0% movements we also have the rise of China 00:16:36.060 --> 00:16:41.540 align:start position:0% movements we also have the rise of China and<00:16:36.830> also<00:16:37.830> the<00:16:38.900> military<00:16:39.900> sztyc<00:16:40.550> geopolitical 00:16:41.540 --> 00:16:41.550 align:start position:0% and also the military sztyc geopolitical 00:16:41.550 --> 00:16:44.510 align:start position:0% and also the military sztyc geopolitical competition<00:16:42.180> Russia<00:16:42.510> has<00:16:42.810> with<00:16:43.020> America<00:16:43.520> and 00:16:44.510 --> 00:16:44.520 align:start position:0% competition Russia has with America and 00:16:44.520 --> 00:16:47.000 align:start position:0% competition Russia has with America and we<00:16:45.450> need<00:16:45.600> to<00:16:45.720> prepare<00:16:46.050> be<00:16:46.290> prepared<00:16:46.710> to<00:16:46.860> take 00:16:47.000 --> 00:16:47.010 align:start position:0% we need to prepare be prepared to take 00:16:47.010 --> 00:16:48.950 align:start position:0% we need to prepare be prepared to take advantage<00:16:47.310> of<00:16:48.000> these<00:16:48.180> opportunities<00:16:48.330> when 00:16:48.950 --> 00:16:48.960 align:start position:0% advantage of these opportunities when 00:16:48.960 --> 00:16:51.050 align:start position:0% advantage of these opportunities when they<00:16:48.990> present<00:16:49.110> them<00:16:49.590> so<00:16:50.100> that's<00:16:50.550> why<00:16:50.760> we<00:16:50.910> need 00:16:51.050 --> 00:16:51.060 align:start position:0% they present them so that's why we need 00:16:51.060 --> 00:16:53.300 align:start position:0% they present them so that's why we need to<00:16:51.150> develop<00:16:51.360> our<00:16:51.600> intellectual<00:16:52.200> capacity<00:16:52.770> in 00:16:53.300 --> 00:16:53.310 align:start position:0% to develop our intellectual capacity in 00:16:53.310 --> 00:16:55.730 align:start position:0% to develop our intellectual capacity in the<00:16:53.550> cryptocurrency<00:16:54.000> community<00:16:54.660> there<00:16:55.560> is<00:16:55.590> a 00:16:55.730 --> 00:16:55.740 align:start position:0% the cryptocurrency community there is a 00:16:55.740 --> 00:16:57.620 align:start position:0% the cryptocurrency community there is a potential<00:16:56.490> here<00:16:56.640> that<00:16:56.670> we<00:16:56.850> can<00:16:57.030> make<00:16:57.180> use<00:16:57.420> of 00:16:57.620 --> 00:16:57.630 align:start position:0% potential here that we can make use of 00:16:57.630 --> 00:16:59.420 align:start position:0% potential here that we can make use of but<00:16:58.140> it's<00:16:58.320> not<00:16:58.530> just<00:16:58.710> going<00:16:58.890> to<00:16:58.980> happen<00:16:59.130> by 00:16:59.420 --> 00:16:59.430 align:start position:0% but it's not just going to happen by 00:16:59.430 --> 00:17:02.500 align:start position:0% but it's not just going to happen by itself<00:16:59.460> we<00:17:00.000> have<00:17:00.180> to<00:17:00.390> make<00:17:00.690> that<00:17:00.960> thing<00:17:01.170> happen 00:17:02.500 --> 00:17:02.510 align:start position:0% itself we have to make that thing happen 00:17:02.510 --> 00:17:05.300 align:start position:0% itself we have to make that thing happen you<00:17:03.510> know<00:17:03.690> the<00:17:04.200> technology<00:17:04.560> that<00:17:04.950> we<00:17:05.070> use 00:17:05.300 --> 00:17:05.310 align:start position:0% you know the technology that we use 00:17:05.310 --> 00:17:07.940 align:start position:0% you know the technology that we use today<00:17:05.490> is<00:17:05.880> built<00:17:05.940> for<00:17:06.480> individuals<00:17:07.260> we<00:17:07.830> know 00:17:07.940 --> 00:17:07.950 align:start position:0% today is built for individuals we know 00:17:07.950 --> 00:17:09.410 align:start position:0% today is built for individuals we know we<00:17:08.070> need<00:17:08.190> to<00:17:08.340> think<00:17:08.550> about<00:17:08.640> social 00:17:09.410 --> 00:17:09.420 align:start position:0% we need to think about social 00:17:09.420 --> 00:17:11.510 align:start position:0% we need to think about social infrastructure<00:17:10.110> how<00:17:10.380> to<00:17:10.440> build<00:17:10.800> technologies 00:17:11.510 --> 00:17:11.520 align:start position:0% infrastructure how to build technologies 00:17:11.520 --> 00:17:14.120 align:start position:0% infrastructure how to build technologies that<00:17:12.120> enable<00:17:12.360> human<00:17:13.200> beings<00:17:13.470> to<00:17:13.650> collaborate 00:17:14.120 --> 00:17:14.130 align:start position:0% that enable human beings to collaborate 00:17:14.130 --> 00:17:15.650 align:start position:0% that enable human beings to collaborate on<00:17:14.160> large<00:17:14.490> pieces<00:17:14.790> of<00:17:14.910> infrastructure<00:17:15.510> we 00:17:15.650 --> 00:17:15.660 align:start position:0% on large pieces of infrastructure we 00:17:15.660 --> 00:17:17.540 align:start position:0% on large pieces of infrastructure we need<00:17:15.690> to<00:17:15.930> take<00:17:16.170> control<00:17:16.890> the<00:17:17.010> telecom<00:17:17.430> the 00:17:17.540 --> 00:17:17.550 align:start position:0% need to take control the telecom the 00:17:17.550 --> 00:17:20.510 align:start position:0% need to take control the telecom the telecoms<00:17:18.000> networks<00:17:18.450> as<00:17:18.720> well<00:17:18.900> right<00:17:19.800> now<00:17:19.980> the 00:17:20.510 --> 00:17:20.520 align:start position:0% telecoms networks as well right now the 00:17:20.520 --> 00:17:22.370 align:start position:0% telecoms networks as well right now the entire<00:17:20.640> cryptocurrency<00:17:21.390> community<00:17:22.170> is 00:17:22.370 --> 00:17:22.380 align:start position:0% entire cryptocurrency community is 00:17:22.380 --> 00:17:24.290 align:start position:0% entire cryptocurrency community is nothing<00:17:23.100> there<00:17:23.310> is<00:17:23.400> nothing<00:17:23.730> here<00:17:23.940> and<00:17:24.180> it's 00:17:24.290 --> 00:17:24.300 align:start position:0% nothing there is nothing here and it's 00:17:24.300 --> 00:17:26.300 align:start position:0% nothing there is nothing here and it's it's<00:17:24.660> very<00:17:24.900> weak<00:17:25.140> and<00:17:25.410> it's<00:17:25.770> ripe<00:17:25.980> for<00:17:26.220> a 00:17:26.300 --> 00:17:26.310 align:start position:0% it's very weak and it's ripe for a 00:17:26.310 --> 00:17:28.940 align:start position:0% it's very weak and it's ripe for a takeover<00:17:26.700> you<00:17:27.450> know<00:17:27.600> all<00:17:28.230> that<00:17:28.500> most<00:17:28.740> of<00:17:28.890> these 00:17:28.940 --> 00:17:28.950 align:start position:0% takeover you know all that most of these 00:17:28.950 --> 00:17:29.960 align:start position:0% takeover you know all that most of these groups<00:17:29.130> are<00:17:29.400> going<00:17:29.520> to<00:17:29.580> collapse 00:17:29.960 --> 00:17:29.970 align:start position:0% groups are going to collapse 00:17:29.970 --> 00:17:33.920 align:start position:0% groups are going to collapse you<00:17:30.630> already<00:17:30.990> see<00:17:31.760> aetherium<00:17:32.760> community<00:17:33.330> kind 00:17:33.920 --> 00:17:33.930 align:start position:0% you already see aetherium community kind 00:17:33.930 --> 00:17:35.450 align:start position:0% you already see aetherium community kind of<00:17:34.050> getting<00:17:34.290> taken<00:17:34.650> over<00:17:34.860> by<00:17:35.040> these<00:17:35.100> groups 00:17:35.450 --> 00:17:35.460 align:start position:0% of getting taken over by these groups 00:17:35.460 --> 00:17:37.700 align:start position:0% of getting taken over by these groups like<00:17:35.760> a<00:17:35.790> census<00:17:36.480> even<00:17:37.200> though<00:17:37.320> they're<00:17:37.470> a<00:17:37.500> bit 00:17:37.700 --> 00:17:37.710 align:start position:0% like a census even though they're a bit 00:17:37.710 --> 00:17:41.030 align:start position:0% like a census even though they're a bit thick<00:17:38.040> like<00:17:38.820> they<00:17:39.390> at<00:17:39.720> least<00:17:39.930> are<00:17:40.290> like<00:17:40.620> moving 00:17:41.030 --> 00:17:41.040 align:start position:0% thick like they at least are like moving 00:17:41.040 --> 00:17:50.640 align:start position:0% thick like they at least are like moving towards<00:17:41.520> some<00:17:41.760> kind<00:17:42.000> of<00:17:42.090> vision<00:17:43.760> and 00:17:50.640 --> 00:17:50.650 align:start position:0% 00:17:50.650 --> 00:17:56.200 align:start position:0% and<00:17:51.650> so<00:17:51.830> it's<00:17:52.270> and<00:17:53.270> so<00:17:53.300> that's<00:17:53.630> why<00:17:55.090> you<00:17:56.090> know 00:17:56.200 --> 00:17:56.210 align:start position:0% and so it's and so that's why you know 00:17:56.210 --> 00:17:58.420 align:start position:0% and so it's and so that's why you know we<00:17:56.360> need<00:17:56.510> to<00:17:56.540> build<00:17:56.750> that<00:17:57.350> we<00:17:57.830> need<00:17:57.980> to<00:17:58.070> build<00:17:58.220> a 00:17:58.420 --> 00:17:58.430 align:start position:0% we need to build that we need to build a 00:17:58.430 --> 00:18:00.640 align:start position:0% we need to build that we need to build a system<00:17:58.670> you<00:17:59.420> know<00:17:59.540> it's<00:17:59.720> we<00:17:59.960> it's<00:18:00.200> it's<00:18:00.560> a 00:18:00.640 --> 00:18:00.650 align:start position:0% system you know it's we it's it's a 00:18:00.650 --> 00:18:03.720 align:start position:0% system you know it's we it's it's a problem<00:18:01.180> everything<00:18:02.180> now<00:18:02.510> is<00:18:02.810> built<00:18:03.380> off<00:18:03.500> of 00:18:03.720 --> 00:18:03.730 align:start position:0% problem everything now is built off of 00:18:03.730 --> 00:18:07.060 align:start position:0% problem everything now is built off of personality<00:18:04.730> and<00:18:05.030> celebrity<00:18:05.960> culture<00:18:06.200> you 00:18:07.060 --> 00:18:07.070 align:start position:0% personality and celebrity culture you 00:18:07.070 --> 00:18:10.600 align:start position:0% personality and celebrity culture you know<00:18:07.510> it's<00:18:08.510> it's<00:18:08.990> gonna<00:18:09.740> like<00:18:09.980> destroy<00:18:10.400> our 00:18:10.600 --> 00:18:10.610 align:start position:0% know it's it's gonna like destroy our 00:18:10.610 --> 00:18:12.580 align:start position:0% know it's it's gonna like destroy our effectiveness<00:18:11.330> as<00:18:11.600> a<00:18:11.660> movement<00:18:12.050> to<00:18:12.410> be<00:18:12.500> able 00:18:12.580 --> 00:18:12.590 align:start position:0% effectiveness as a movement to be able 00:18:12.590 --> 00:18:15.070 align:start position:0% effectiveness as a movement to be able to<00:18:12.800> make<00:18:12.950> change<00:18:13.550> on<00:18:13.730> a<00:18:14.060> big<00:18:14.300> level<00:18:14.480> so<00:18:14.840> we<00:18:14.930> need 00:18:15.070 --> 00:18:15.080 align:start position:0% to make change on a big level so we need 00:18:15.080 --> 00:18:20.650 align:start position:0% to make change on a big level so we need to<00:18:15.170> build<00:18:15.490> a<00:18:16.490> new<00:18:16.850> system<00:18:17.800> and<00:18:19.390> like<00:18:20.390> I<00:18:20.510> was 00:18:20.650 --> 00:18:20.660 align:start position:0% to build a new system and like I was 00:18:20.660 --> 00:18:22.120 align:start position:0% to build a new system and like I was going<00:18:20.810> three<00:18:21.200> years<00:18:21.380> ago<00:18:21.530> to<00:18:21.710> try<00:18:22.010> and 00:18:22.120 --> 00:18:22.130 align:start position:0% going three years ago to try and 00:18:22.130 --> 00:18:25.030 align:start position:0% going three years ago to try and convince<00:18:22.370> people<00:18:22.810> that<00:18:23.810> we<00:18:24.560> need<00:18:24.680> there<00:18:24.890> needs 00:18:25.030 --> 00:18:25.040 align:start position:0% convince people that we need there needs 00:18:25.040 --> 00:18:27.000 align:start position:0% convince people that we need there needs to<00:18:25.070> be<00:18:25.130> a<00:18:25.220> change<00:18:25.460> on<00:18:25.790> a<00:18:25.820> big<00:18:26.030> scale<00:18:26.330> the 00:18:27.000 --> 00:18:27.010 align:start position:0% to be a change on a big scale the 00:18:27.010 --> 00:18:28.990 align:start position:0% to be a change on a big scale the cryptocurrency<00:18:28.010> is<00:18:28.280> not<00:18:28.490> going<00:18:28.640> to<00:18:28.700> realize 00:18:28.990 --> 00:18:29.000 align:start position:0% cryptocurrency is not going to realize 00:18:29.000 --> 00:18:32.620 align:start position:0% cryptocurrency is not going to realize is<00:18:29.180> it's<00:18:29.810> big<00:18:30.050> potential<00:18:30.740> and<00:18:31.060> I<00:18:32.060> realized 00:18:32.620 --> 00:18:32.630 align:start position:0% is it's big potential and I realized 00:18:32.630 --> 00:18:35.320 align:start position:0% is it's big potential and I realized that<00:18:32.780> all<00:18:33.590> of<00:18:33.980> these<00:18:34.100> projects<00:18:34.610> right<00:18:35.180> now 00:18:35.320 --> 00:18:35.330 align:start position:0% that all of these projects right now 00:18:35.330 --> 00:18:37.330 align:start position:0% that all of these projects right now they're<00:18:35.690> corrupted<00:18:36.230> the<00:18:36.380> people<00:18:36.650> that<00:18:36.860> are<00:18:37.070> in 00:18:37.330 --> 00:18:37.340 align:start position:0% they're corrupted the people that are in 00:18:37.340 --> 00:18:39.070 align:start position:0% they're corrupted the people that are in the<00:18:37.490> power<00:18:37.670> you<00:18:38.450> know<00:18:38.570> they<00:18:38.720> have<00:18:38.900> their 00:18:39.070 --> 00:18:39.080 align:start position:0% the power you know they have their 00:18:39.080 --> 00:18:40.660 align:start position:0% the power you know they have their worldview<00:18:39.770> they<00:18:40.160> have<00:18:40.280> the<00:18:40.370> things<00:18:40.580> that 00:18:40.660 --> 00:18:40.670 align:start position:0% worldview they have the things that 00:18:40.670 --> 00:18:43.360 align:start position:0% worldview they have the things that they're<00:18:40.880> doing<00:18:41.590> that<00:18:42.590> change<00:18:43.010> is<00:18:43.220> not<00:18:43.340> going 00:18:43.360 --> 00:18:43.370 align:start position:0% they're doing that change is not going 00:18:43.370 --> 00:18:47.020 align:start position:0% they're doing that change is not going to<00:18:43.550> happen<00:18:43.670> from<00:18:43.970> those<00:18:44.150> people<00:18:45.370> but<00:18:46.370> there<00:18:46.880> is 00:18:47.020 --> 00:18:47.030 align:start position:0% to happen from those people but there is 00:18:47.030 --> 00:18:50.350 align:start position:0% to happen from those people but there is a<00:18:47.060> lot<00:18:47.660> of<00:18:47.780> people<00:18:48.080> who<00:18:48.470> who<00:18:49.220> feel<00:18:50.210> that 00:18:50.350 --> 00:18:50.360 align:start position:0% a lot of people who who feel that 00:18:50.360 --> 00:18:52.300 align:start position:0% a lot of people who who feel that something<00:18:50.690> should<00:18:50.840> should<00:18:51.230> change<00:18:51.560> want 00:18:52.300 --> 00:18:52.310 align:start position:0% something should should change want 00:18:52.310 --> 00:18:54.970 align:start position:0% something should should change want things<00:18:52.550> to<00:18:52.760> change<00:18:52.790> and<00:18:53.560> that's<00:18:54.560> why<00:18:54.710> we<00:18:54.830> have 00:18:54.970 --> 00:18:54.980 align:start position:0% things to change and that's why we have 00:18:54.980 --> 00:18:56.950 align:start position:0% things to change and that's why we have to<00:18:55.130> make<00:18:55.310> a<00:18:55.340> new<00:18:55.610> system<00:18:56.090> and<00:18:56.330> we<00:18:56.780> have<00:18:56.930> to 00:18:56.950 --> 00:18:56.960 align:start position:0% to make a new system and we have to 00:18:56.960 --> 00:19:00.610 align:start position:0% to make a new system and we have to recruit<00:18:57.550> the<00:18:58.550> the<00:18:59.060> people<00:18:59.240> into<00:18:59.540> that<00:18:59.690> new 00:19:00.610 --> 00:19:00.620 align:start position:0% recruit the the people into that new 00:19:00.620 --> 00:19:06.670 align:start position:0% recruit the the people into that new system<00:19:00.860> as<00:19:01.220> well<00:19:01.370> so<00:19:03.040> so<00:19:04.040> yet<00:19:05.320> so<00:19:06.320> it's<00:19:06.440> end 00:19:06.670 --> 00:19:06.680 align:start position:0% system as well so so yet so it's end 00:19:06.680 --> 00:19:10.300 align:start position:0% system as well so so yet so it's end this<00:19:07.390> we're<00:19:08.390> developing<00:19:09.380> a<00:19:09.530> academy<00:19:10.220> in 00:19:10.300 --> 00:19:10.310 align:start position:0% this we're developing a academy in 00:19:10.310 --> 00:19:13.990 align:start position:0% this we're developing a academy in Barcelona<00:19:11.680> eventually<00:19:12.680> after<00:19:13.400> this<00:19:13.760> first 00:19:13.990 --> 00:19:14.000 align:start position:0% Barcelona eventually after this first 00:19:14.000 --> 00:19:16.150 align:start position:0% Barcelona eventually after this first Academy<00:19:14.600> we're<00:19:14.900> going<00:19:15.080> to<00:19:15.260> develop<00:19:15.890> a<00:19:15.950> system 00:19:16.150 --> 00:19:16.160 align:start position:0% Academy we're going to develop a system 00:19:16.160 --> 00:19:20.890 align:start position:0% Academy we're going to develop a system of<00:19:16.400> academies<00:19:17.080> which<00:19:18.080> is<00:19:18.290> to<00:19:18.530> train<00:19:19.630> not<00:19:20.630> just 00:19:20.890 --> 00:19:20.900 align:start position:0% of academies which is to train not just 00:19:20.900 --> 00:19:25.680 align:start position:0% of academies which is to train not just hackers<00:19:21.770> but<00:19:22.070> to<00:19:22.190> train<00:19:23.020> leaders<00:19:24.020> or<00:19:24.530> to<00:19:24.740> train 00:19:25.680 --> 00:19:25.690 align:start position:0% hackers but to train leaders or to train 00:19:25.690 --> 00:19:27.970 align:start position:0% hackers but to train leaders or to train we<00:19:26.690> have<00:19:26.840> to<00:19:26.990> create<00:19:27.170> a<00:19:27.230> new<00:19:27.410> image<00:19:27.680> of<00:19:27.890> a 00:19:27.970 --> 00:19:27.980 align:start position:0% we have to create a new image of a 00:19:27.980 --> 00:19:30.040 align:start position:0% we have to create a new image of a hacker<00:19:28.160> like<00:19:28.490> a<00:19:28.520> new<00:19:28.790> type<00:19:29.390> of<00:19:29.420> hacker<00:19:29.750> you 00:19:30.040 --> 00:19:30.050 align:start position:0% hacker like a new type of hacker you 00:19:30.050 --> 00:19:32.350 align:start position:0% hacker like a new type of hacker you know<00:19:30.170> a<00:19:30.380> hacker<00:19:30.530> the<00:19:31.130> problem<00:19:31.430> is<00:19:31.520> is<00:19:31.670> that<00:19:31.910> a 00:19:32.350 --> 00:19:32.360 align:start position:0% know a hacker the problem is is that a 00:19:32.360 --> 00:19:34.180 align:start position:0% know a hacker the problem is is that a lot<00:19:32.720> of<00:19:32.750> this<00:19:32.960> right<00:19:33.710> now<00:19:33.740> is<00:19:33.890> really 00:19:34.180 --> 00:19:34.190 align:start position:0% lot of this right now is really 00:19:34.190 --> 00:19:36.100 align:start position:0% lot of this right now is really sheltered<00:19:34.730> and<00:19:34.940> cut<00:19:35.120> off<00:19:35.240> from<00:19:35.270> the<00:19:35.750> actual 00:19:36.100 --> 00:19:36.110 align:start position:0% sheltered and cut off from the actual 00:19:36.110 --> 00:19:37.770 align:start position:0% sheltered and cut off from the actual problems<00:19:36.530> that<00:19:36.620> we're<00:19:36.740> trying<00:19:36.770> to<00:19:36.950> solve<00:19:37.160> and 00:19:37.770 --> 00:19:37.780 align:start position:0% problems that we're trying to solve and 00:19:37.780 --> 00:19:40.780 align:start position:0% problems that we're trying to solve and it<00:19:38.780> can't<00:19:39.110> just<00:19:39.230> be<00:19:39.530> it<00:19:40.280> can't<00:19:40.550> just<00:19:40.640> be 00:19:40.780 --> 00:19:40.790 align:start position:0% it can't just be it can't just be 00:19:40.790 --> 00:19:42.880 align:start position:0% it can't just be it can't just be education<00:19:41.630> about<00:19:41.840> technology<00:19:42.440> I<00:19:42.470> have<00:19:42.560> to<00:19:42.770> be 00:19:42.880 --> 00:19:42.890 align:start position:0% education about technology I have to be 00:19:42.890 --> 00:19:45.420 align:start position:0% education about technology I have to be also<00:19:43.240> philosophical<00:19:44.240> philosophy<00:19:45.110> education 00:19:45.420 --> 00:19:45.430 align:start position:0% also philosophical philosophy education 00:19:45.430 --> 00:19:48.340 align:start position:0% also philosophical philosophy education in<00:19:46.430> ancient<00:19:46.700> Greece<00:19:47.150> they<00:19:47.540> had<00:19:47.660> a<00:19:47.690> system<00:19:47.960> of 00:19:48.340 --> 00:19:48.350 align:start position:0% in ancient Greece they had a system of 00:19:48.350 --> 00:19:50.920 align:start position:0% in ancient Greece they had a system of academies<00:19:49.220> which<00:19:49.880> was<00:19:50.060> the<00:19:50.180> basis<00:19:50.630> of<00:19:50.780> the 00:19:50.920 --> 00:19:50.930 align:start position:0% academies which was the basis of the 00:19:50.930 --> 00:19:52.840 align:start position:0% academies which was the basis of the system<00:19:51.080> in<00:19:51.380> ancient<00:19:51.560> Greece<00:19:51.980> it<00:19:52.220> was<00:19:52.640> where 00:19:52.840 --> 00:19:52.850 align:start position:0% system in ancient Greece it was where 00:19:52.850 --> 00:19:55.000 align:start position:0% system in ancient Greece it was where Socrates<00:19:53.240> would<00:19:54.080> recruit<00:19:54.350> his<00:19:54.560> followers 00:19:55.000 --> 00:19:55.010 align:start position:0% Socrates would recruit his followers 00:19:55.010 --> 00:19:58.240 align:start position:0% Socrates would recruit his followers like<00:19:55.670> Plato<00:19:56.420> and<00:19:56.810> Aristotle<00:19:56.900> and<00:19:57.830> when 00:19:58.240 --> 00:19:58.250 align:start position:0% like Plato and Aristotle and when 00:19:58.250 --> 00:20:00.580 align:start position:0% like Plato and Aristotle and when Christianity<00:19:58.790> came<00:19:59.030> to<00:19:59.480> ancient<00:19:59.630> Greece 00:20:00.580 --> 00:20:00.590 align:start position:0% Christianity came to ancient Greece 00:20:00.590 --> 00:20:02.950 align:start position:0% Christianity came to ancient Greece they<00:20:00.770> shut<00:20:01.640> down<00:20:01.669> the<00:20:02.029> academies<00:20:02.510> and<00:20:02.750> all<00:20:02.840> the 00:20:02.950 --> 00:20:02.960 align:start position:0% they shut down the academies and all the 00:20:02.960 --> 00:20:05.440 align:start position:0% they shut down the academies and all the teachers<00:20:03.140> went<00:20:03.529> east<00:20:03.799> to<00:20:04.130> Baghdad<00:20:04.850> where<00:20:05.360> they 00:20:05.440 --> 00:20:05.450 align:start position:0% teachers went east to Baghdad where they 00:20:05.450 --> 00:20:09.370 align:start position:0% teachers went east to Baghdad where they founded<00:20:05.809> the<00:20:05.929> House<00:20:06.110> of<00:20:06.380> Wisdom<00:20:06.559> and<00:20:07.539> and<00:20:08.539> that 00:20:09.370 --> 00:20:09.380 align:start position:0% founded the House of Wisdom and and that 00:20:09.380 --> 00:20:11.320 align:start position:0% founded the House of Wisdom and and that was<00:20:09.620> what<00:20:09.799> side<00:20:10.070> the<00:20:10.220> Islamic<00:20:10.580> Golden<00:20:10.640> Age<00:20:11.059> we 00:20:11.320 --> 00:20:11.330 align:start position:0% was what side the Islamic Golden Age we 00:20:11.330 --> 00:20:13.360 align:start position:0% was what side the Islamic Golden Age we need<00:20:11.510> to<00:20:11.630> start<00:20:11.900> or<00:20:12.140> an<00:20:12.440> ace<00:20:12.590> on<00:20:12.799> sin<00:20:13.039> side<00:20:13.250> of 00:20:13.360 --> 00:20:13.370 align:start position:0% need to start or an ace on sin side of 00:20:13.370 --> 00:20:17.440 align:start position:0% need to start or an ace on sin side of cryptocurrency<00:20:13.700> so<00:20:14.659> you<00:20:15.440> know<00:20:16.120> right<00:20:17.120> now<00:20:17.299> I'm 00:20:17.440 --> 00:20:17.450 align:start position:0% cryptocurrency so you know right now I'm 00:20:17.450 --> 00:20:19.930 align:start position:0% cryptocurrency so you know right now I'm like<00:20:17.690> raising<00:20:18.140> like<00:20:18.320> a<00:20:18.350> hundred<00:20:18.770> K<00:20:19.010> because<00:20:19.820> I 00:20:19.930 --> 00:20:19.940 align:start position:0% like raising like a hundred K because I 00:20:19.940 --> 00:20:22.269 align:start position:0% like raising like a hundred K because I have<00:20:20.090> it<00:20:20.240> matched<00:20:20.600> by<00:20:20.840> another<00:20:21.080> investor<00:20:21.679> but 00:20:22.269 --> 00:20:22.279 align:start position:0% have it matched by another investor but 00:20:22.279 --> 00:20:23.649 align:start position:0% have it matched by another investor but I'm<00:20:22.370> not<00:20:22.490> looking<00:20:22.760> just<00:20:22.789> for<00:20:23.029> any<00:20:23.179> people<00:20:23.419> has 00:20:23.649 --> 00:20:23.659 align:start position:0% I'm not looking just for any people has 00:20:23.659 --> 00:20:24.940 align:start position:0% I'm not looking just for any people has to<00:20:23.809> be<00:20:23.900> like<00:20:24.080> the<00:20:24.230> right<00:20:24.440> type<00:20:24.710> of<00:20:24.740> people 00:20:24.940 --> 00:20:24.950 align:start position:0% to be like the right type of people 00:20:24.950 --> 00:20:27.100 align:start position:0% to be like the right type of people people<00:20:25.309> is<00:20:25.400> like<00:20:25.549> on<00:20:25.760> a<00:20:25.820> level<00:20:26.240> that<00:20:26.570> we<00:20:26.720> we're 00:20:27.100 --> 00:20:27.110 align:start position:0% people is like on a level that we we're 00:20:27.110 --> 00:20:29.500 align:start position:0% people is like on a level that we we're moving<00:20:27.799> in<00:20:27.919> this<00:20:28.070> in<00:20:28.250> this<00:20:28.850> direction<00:20:29.120> not 00:20:29.500 --> 00:20:29.510 align:start position:0% moving in this in this direction not 00:20:29.510 --> 00:20:34.779 align:start position:0% moving in this in this direction not just<00:20:29.650> gamblers<00:20:32.679> so<00:20:33.679> yeah<00:20:34.159> there's<00:20:34.370> a<00:20:34.520> there's 00:20:34.779 --> 00:20:34.789 align:start position:0% just gamblers so yeah there's a there's 00:20:34.789 --> 00:20:37.630 align:start position:0% just gamblers so yeah there's a there's an<00:20:35.059> opportunity<00:20:35.270> in<00:20:35.750> front<00:20:35.809> of<00:20:36.080> us<00:20:36.230> if<00:20:37.100> we<00:20:37.309> if 00:20:37.630 --> 00:20:37.640 align:start position:0% an opportunity in front of us if we if 00:20:37.640 --> 00:20:39.580 align:start position:0% an opportunity in front of us if we if we<00:20:37.669> prepare<00:20:38.240> and<00:20:38.630> we<00:20:38.750> have<00:20:38.899> the<00:20:39.020> vision<00:20:39.409> and 00:20:39.580 --> 00:20:39.590 align:start position:0% we prepare and we have the vision and 00:20:39.590 --> 00:20:41.080 align:start position:0% we prepare and we have the vision and we're<00:20:39.799> able<00:20:39.860> to<00:20:40.039> develop<00:20:40.370> our<00:20:40.460> thoughts<00:20:40.789> and 00:20:41.080 --> 00:20:41.090 align:start position:0% we're able to develop our thoughts and 00:20:41.090 --> 00:20:44.680 align:start position:0% we're able to develop our thoughts and our<00:20:41.690> human<00:20:42.080> capacity<00:20:42.970> when<00:20:43.970> opportunity 00:20:44.680 --> 00:20:44.690 align:start position:0% our human capacity when opportunity 00:20:44.690 --> 00:20:46.180 align:start position:0% our human capacity when opportunity presents<00:20:44.899> itself<00:20:45.260> and<00:20:45.620> trust<00:20:45.860> me<00:20:46.010> there's 00:20:46.180 --> 00:20:46.190 align:start position:0% presents itself and trust me there's 00:20:46.190 --> 00:20:48.760 align:start position:0% presents itself and trust me there's going<00:20:46.370> to<00:20:46.460> be<00:20:46.520> these<00:20:47.149> opportunities<00:20:47.630> we'd<00:20:48.620> be 00:20:48.760 --> 00:20:48.770 align:start position:0% going to be these opportunities we'd be 00:20:48.770 --> 00:20:51.430 align:start position:0% going to be these opportunities we'd be ready<00:20:48.950> to<00:20:49.190> take<00:20:49.669> advantage<00:20:49.820> of<00:20:50.330> that<00:20:50.510> all 00:20:51.430 --> 00:20:51.440 align:start position:0% ready to take advantage of that all 00:20:51.440 --> 00:20:53.390 align:start position:0% ready to take advantage of that all right<00:20:51.500> thank<00:20:51.830> you 00:20:53.390 --> 00:20:53.400 align:start position:0% right thank you 00:20:53.400 --> 00:21:01.480 align:start position:0% right thank you [Applause] 00:21:01.480 --> 00:21:01.490 align:start position:0% 00:21:01.490 --> 00:21:03.550 align:start position:0% you