WEBVTT Kind: captions Language: en 00:00:04.640 --> 00:00:09.459 align:start position:0% I<00:00:04.670> am<00:00:05.859> Carl<00:00:06.859> flourish<00:00:07.480> and<00:00:08.480> I<00:00:08.780> am<00:00:08.960> here<00:00:09.139> to<00:00:09.290> talk 00:00:09.459 --> 00:00:09.469 align:start position:0% I am Carl flourish and I am here to talk 00:00:09.469 --> 00:00:11.890 align:start position:0% I am Carl flourish and I am here to talk to<00:00:09.650> you<00:00:09.740> about<00:00:09.980> not<00:00:10.850> just<00:00:11.059> optimistic<00:00:11.480> things 00:00:11.890 --> 00:00:11.900 align:start position:0% to you about not just optimistic things 00:00:11.900 --> 00:00:14.799 align:start position:0% to you about not just optimistic things but<00:00:12.500> optimistic<00:00:13.400> roll<00:00:14.389> up 00:00:14.799 --> 00:00:14.809 align:start position:0% but optimistic roll up 00:00:14.809 --> 00:00:17.769 align:start position:0% but optimistic roll up this<00:00:14.929> is<00:00:15.189> aetherium<00:00:16.189> layer<00:00:16.490> to<00:00:16.849> the<00:00:17.150> last<00:00:17.390> talk 00:00:17.769 --> 00:00:17.779 align:start position:0% this is aetherium layer to the last talk 00:00:17.779 --> 00:00:20.050 align:start position:0% this is aetherium layer to the last talk very<00:00:18.380> inspirational<00:00:18.920> talking<00:00:19.640> about<00:00:19.820> how<00:00:20.000> we 00:00:20.050 --> 00:00:20.060 align:start position:0% very inspirational talking about how we 00:00:20.060 --> 00:00:22.179 align:start position:0% very inspirational talking about how we can<00:00:20.270> make<00:00:20.419> aetherium<00:00:20.869> great<00:00:21.320> and<00:00:21.619> you<00:00:22.100> know 00:00:22.179 --> 00:00:22.189 align:start position:0% can make aetherium great and you know 00:00:22.189 --> 00:00:24.519 align:start position:0% can make aetherium great and you know not<00:00:22.460> suffer<00:00:23.300> from<00:00:23.510> the<00:00:23.689> massive<00:00:24.230> economic 00:00:24.519 --> 00:00:24.529 align:start position:0% not suffer from the massive economic 00:00:24.529 --> 00:00:26.890 align:start position:0% not suffer from the massive economic divides<00:00:25.310> and<00:00:25.670> I'm<00:00:26.180> just<00:00:26.390> going<00:00:26.510> to<00:00:26.660> tell<00:00:26.810> you 00:00:26.890 --> 00:00:26.900 align:start position:0% divides and I'm just going to tell you 00:00:26.900 --> 00:00:28.330 align:start position:0% divides and I'm just going to tell you how<00:00:27.050> to<00:00:27.109> make<00:00:27.289> the<00:00:27.410> user<00:00:27.560> experience<00:00:27.650> a<00:00:28.220> little 00:00:28.330 --> 00:00:28.340 align:start position:0% how to make the user experience a little 00:00:28.340 --> 00:00:30.220 align:start position:0% how to make the user experience a little better<00:00:28.640> but<00:00:28.880> I<00:00:29.060> think<00:00:29.390> it's<00:00:29.480> very<00:00:29.630> important 00:00:30.220 --> 00:00:30.230 align:start position:0% better but I think it's very important 00:00:30.230 --> 00:00:31.530 align:start position:0% better but I think it's very important nonetheless 00:00:31.530 --> 00:00:31.540 align:start position:0% nonetheless 00:00:31.540 --> 00:00:34.810 align:start position:0% nonetheless so<00:00:32.540> of<00:00:32.780> course<00:00:33.019> PG<00:00:33.769> that's<00:00:34.070> plasma<00:00:34.580> group 00:00:34.810 --> 00:00:34.820 align:start position:0% so of course PG that's plasma group 00:00:34.820 --> 00:00:38.049 align:start position:0% so of course PG that's plasma group shout<00:00:35.420> out<00:00:35.600> represent<00:00:36.580> don't<00:00:37.580> forget<00:00:37.850> about 00:00:38.049 --> 00:00:38.059 align:start position:0% shout out represent don't forget about 00:00:38.059 --> 00:00:40.630 align:start position:0% shout out represent don't forget about aetherium<00:00:38.809> layer<00:00:39.140> two<00:00:39.500> it<00:00:39.799> is<00:00:39.949> extremely 00:00:40.630 --> 00:00:40.640 align:start position:0% aetherium layer two it is extremely 00:00:40.640 --> 00:00:44.020 align:start position:0% aetherium layer two it is extremely extremely<00:00:41.049> powerful<00:00:42.049> so<00:00:42.710> first<00:00:43.489> i'm<00:00:43.790> going<00:00:43.970> to 00:00:44.020 --> 00:00:44.030 align:start position:0% extremely powerful so first i'm going to 00:00:44.030 --> 00:00:47.320 align:start position:0% extremely powerful so first i'm going to talk<00:00:44.299> about<00:00:44.769> trees<00:00:45.769> I<00:00:46.309> recently<00:00:46.820> started 00:00:47.320 --> 00:00:47.330 align:start position:0% talk about trees I recently started 00:00:47.330 --> 00:00:50.049 align:start position:0% talk about trees I recently started growing<00:00:48.110> plants<00:00:48.890> and<00:00:49.100> by<00:00:49.489> that<00:00:49.670> I<00:00:49.699> mean<00:00:50.000> I 00:00:50.049 --> 00:00:50.059 align:start position:0% growing plants and by that I mean I 00:00:50.059 --> 00:00:53.200 align:start position:0% growing plants and by that I mean I recently<00:00:50.390> started<00:00:50.869> killing<00:00:51.830> plants<00:00:52.190> and<00:00:52.729> it 00:00:53.200 --> 00:00:53.210 align:start position:0% recently started killing plants and it 00:00:53.210 --> 00:00:54.729 align:start position:0% recently started killing plants and it has<00:00:53.299> been<00:00:53.570> a<00:00:53.600> wonderful<00:00:54.110> experience<00:00:54.260> every 00:00:54.729 --> 00:00:54.739 align:start position:0% has been a wonderful experience every 00:00:54.739 --> 00:00:56.079 align:start position:0% has been a wonderful experience every time<00:00:54.769> I<00:00:54.949> look<00:00:55.220> at<00:00:55.280> my<00:00:55.430> plant<00:00:55.760> I<00:00:55.940> see 00:00:56.079 --> 00:00:56.089 align:start position:0% time I look at my plant I see 00:00:56.089 --> 00:00:58.960 align:start position:0% time I look at my plant I see mathematical<00:00:57.159> constructions<00:00:58.159> with<00:00:58.430> you<00:00:58.820> know 00:00:58.960 --> 00:00:58.970 align:start position:0% mathematical constructions with you know 00:00:58.970 --> 00:01:00.759 align:start position:0% mathematical constructions with you know the<00:00:59.180> golden<00:00:59.600> ratio<00:00:59.809> and<00:01:00.260> these<00:01:00.409> you<00:01:00.680> know 00:01:00.759 --> 00:01:00.769 align:start position:0% the golden ratio and these you know 00:01:00.769 --> 00:01:03.250 align:start position:0% the golden ratio and these you know fractal<00:01:01.369> branching<00:01:01.549> patterns<00:01:02.420> and<00:01:02.780> just 00:01:03.250 --> 00:01:03.260 align:start position:0% fractal branching patterns and just 00:01:03.260 --> 00:01:05.679 align:start position:0% fractal branching patterns and just unbelievable<00:01:04.070> unbelievable<00:01:04.879> complexity 00:01:05.679 --> 00:01:05.689 align:start position:0% unbelievable unbelievable complexity 00:01:05.689 --> 00:01:07.870 align:start position:0% unbelievable unbelievable complexity emergent<00:01:06.619> complexity<00:01:07.100> in<00:01:07.280> fact<00:01:07.490> you<00:01:07.729> know 00:01:07.870 --> 00:01:07.880 align:start position:0% emergent complexity in fact you know 00:01:07.880 --> 00:01:09.940 align:start position:0% emergent complexity in fact you know that<00:01:07.909> that<00:01:08.299> whole<00:01:08.479> emergent<00:01:08.960> emergence<00:01:09.680> thing 00:01:09.940 --> 00:01:09.950 align:start position:0% that that whole emergent emergence thing 00:01:09.950 --> 00:01:12.460 align:start position:0% that that whole emergent emergence thing was<00:01:10.160> definitely<00:01:10.610> not<00:01:11.120> planned<00:01:11.540> and<00:01:11.840> very<00:01:12.140> very 00:01:12.460 --> 00:01:12.470 align:start position:0% was definitely not planned and very very 00:01:12.470 --> 00:01:14.670 align:start position:0% was definitely not planned and very very convenient<00:01:12.860> it's<00:01:13.430> because<00:01:13.820> it's<00:01:14.120> about 00:01:14.670 --> 00:01:14.680 align:start position:0% convenient it's because it's about 00:01:14.680 --> 00:01:16.450 align:start position:0% convenient it's because it's about self-organization<00:01:15.680> all<00:01:15.890> of<00:01:16.070> these<00:01:16.190> things 00:01:16.450 --> 00:01:16.460 align:start position:0% self-organization all of these things 00:01:16.460 --> 00:01:18.100 align:start position:0% self-organization all of these things coming<00:01:16.820> together<00:01:17.090> all<00:01:17.510> of<00:01:17.630> these<00:01:17.720> different 00:01:18.100 --> 00:01:18.110 align:start position:0% coming together all of these different 00:01:18.110 --> 00:01:20.650 align:start position:0% coming together all of these different pieces<00:01:18.320> you<00:01:18.680> know<00:01:18.980> adding<00:01:19.400> up<00:01:19.580> and<00:01:19.760> emergent 00:01:20.650 --> 00:01:20.660 align:start position:0% pieces you know adding up and emergent 00:01:20.660 --> 00:01:22.180 align:start position:0% pieces you know adding up and emergent complexity<00:01:20.960> I<00:01:21.050> had<00:01:21.230> it<00:01:21.350> in<00:01:21.440> my<00:01:21.530> slides<00:01:21.860> the 00:01:22.180 --> 00:01:22.190 align:start position:0% complexity I had it in my slides the 00:01:22.190 --> 00:01:24.220 align:start position:0% complexity I had it in my slides the growth<00:01:22.520> of<00:01:22.760> a<00:01:22.940> plant<00:01:23.150> from<00:01:23.540> the<00:01:23.720> you<00:01:24.080> know<00:01:24.110> the 00:01:24.220 --> 00:01:24.230 align:start position:0% growth of a plant from the you know the 00:01:24.230 --> 00:01:27.010 align:start position:0% growth of a plant from the you know the soil<00:01:24.710> that<00:01:25.220> you<00:01:25.430> place<00:01:25.760> it<00:01:26.030> against<00:01:26.720> the<00:01:26.810> wall 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to see 00:01:33.409 --> 00:01:36.160 align:start position:0% staring at my plant I start to see crypto<00:01:33.800> economics<00:01:34.430> I'm<00:01:34.850> like<00:01:35.150> wow<00:01:35.360> it's<00:01:36.020> the 00:01:36.160 --> 00:01:36.170 align:start position:0% crypto economics I'm like wow it's the 00:01:36.170 --> 00:01:38.620 align:start position:0% crypto economics I'm like wow it's the same<00:01:36.260> thing<00:01:36.950> it's<00:01:37.190> like<00:01:37.460> you're<00:01:37.880> planting<00:01:38.210> the 00:01:38.620 --> 00:01:38.630 align:start position:0% same thing it's like you're planting the 00:01:38.630 --> 00:01:40.810 align:start position:0% same thing it's like you're planting the soil<00:01:38.960> you're<00:01:39.430> fertilizing<00:01:40.430> the<00:01:40.550> ground 00:01:40.810 --> 00:01:40.820 align:start position:0% soil you're fertilizing the ground 00:01:40.820 --> 00:01:42.700 align:start position:0% soil you're fertilizing the ground you're<00:01:41.030> writing<00:01:41.480> your<00:01:41.630> smart<00:01:41.960> contract<00:01:42.560> that 00:01:42.700 --> 00:01:42.710 align:start position:0% you're writing your smart contract that 00:01:42.710 --> 00:01:45.550 align:start position:0% you're writing your smart contract that says<00:01:42.920> hey<00:01:43.430> if<00:01:43.820> you<00:01:44.090> wear<00:01:44.330> a<00:01:44.360> hat<00:01:44.630> I'll<00:01:44.960> give<00:01:45.440> you 00:01:45.550 --> 00:01:45.560 align:start position:0% says hey if you wear a hat I'll give you 00:01:45.560 --> 00:01:47.920 align:start position:0% says hey if you wear a hat I'll give you a<00:01:45.590> token<00:01:45.950> and<00:01:46.340> then<00:01:46.730> people<00:01:47.000> start<00:01:47.690> wearing 00:01:47.920 --> 00:01:47.930 align:start position:0% a token and then people start wearing 00:01:47.930 --> 00:01:49.750 align:start position:0% a token and then people start wearing hats<00:01:48.200> as<00:01:48.440> long<00:01:48.680> as<00:01:48.860> you<00:01:49.010> positioned<00:01:49.610> your 00:01:49.750 --> 00:01:49.760 align:start position:0% hats as long as you positioned your 00:01:49.760 --> 00:01:51.670 align:start position:0% hats as long as you positioned your plant<00:01:50.060> right<00:01:50.330> and<00:01:50.570> you've<00:01:50.690> you<00:01:51.080> know<00:01:51.110> watered 00:01:51.670 --> 00:01:51.680 align:start position:0% plant right and you've you know watered 00:01:51.680 --> 00:01:53.500 align:start position:0% plant right and you've you know watered it<00:01:51.830> correctly<00:01:52.280> so<00:01:52.580> it's<00:01:52.760> this<00:01:52.880> it's<00:01:53.330> this 00:01:53.500 --> 00:01:53.510 align:start position:0% it correctly so it's this it's this 00:01:53.510 --> 00:01:55.840 align:start position:0% it correctly so it's this it's this emergent<00:01:54.260> phenomenon<00:01:54.950> both<00:01:55.220> of<00:01:55.490> them<00:01:55.640> and 00:01:55.840 --> 00:01:55.850 align:start position:0% emergent phenomenon both of them and 00:01:55.850 --> 00:01:58.300 align:start position:0% emergent phenomenon both of them and this<00:01:56.390> entire<00:01:56.810> community<00:01:57.470> is<00:01:57.620> this<00:01:57.830> emergent 00:01:58.300 --> 00:01:58.310 align:start position:0% this entire community is this emergent 00:01:58.310 --> 00:02:00.580 align:start position:0% this entire community is this emergent phenomenon<00:01:58.760> it's<00:01:58.970> really<00:01:59.450> quite<00:01:59.780> amazing<00:02:00.140> and 00:02:00.580 --> 00:02:00.590 align:start position:0% phenomenon it's really quite amazing and 00:02:00.590 --> 00:02:04.719 align:start position:0% phenomenon it's really quite amazing and so<00:02:01.220> this<00:02:02.030> is<00:02:02.360> my<00:02:03.320> plant<00:02:03.650> is<00:02:03.860> very<00:02:04.010> this<00:02:04.400> is<00:02:04.580> all 00:02:04.719 --> 00:02:04.729 align:start position:0% so this is my plant is very this is all 00:02:04.729 --> 00:02:07.000 align:start position:0% so this is my plant is very this is all what<00:02:04.940> I<00:02:04.970> do<00:02:05.090> to<00:02:05.390> think<00:02:05.630> about<00:02:05.840> how<00:02:06.049> how<00:02:06.650> to<00:02:06.710> not 00:02:07.000 --> 00:02:07.010 align:start position:0% what I do to think about how how to not 00:02:07.010 --> 00:02:08.979 align:start position:0% what I do to think about how how to not think<00:02:07.310> about<00:02:07.400> this<00:02:07.640> this<00:02:08.000> very<00:02:08.239> sad<00:02:08.629> dying 00:02:08.979 --> 00:02:08.989 align:start position:0% think about this this very sad dying 00:02:08.989 --> 00:02:11.410 align:start position:0% think about this this very sad dying plant<00:02:09.349> but<00:02:09.619> nonetheless<00:02:09.849> nonetheless<00:02:10.849> we 00:02:11.410 --> 00:02:11.420 align:start position:0% plant but nonetheless nonetheless we 00:02:11.420 --> 00:02:15.850 align:start position:0% plant but nonetheless nonetheless we continue<00:02:12.140> on<00:02:12.349> very<00:02:13.220> sad<00:02:14.050> so<00:02:15.050> as<00:02:15.350> I<00:02:15.530> was<00:02:15.709> you 00:02:15.850 --> 00:02:15.860 align:start position:0% continue on very sad so as I was you 00:02:15.860 --> 00:02:18.250 align:start position:0% continue on very sad so as I was you know<00:02:15.950> preparing<00:02:16.490> for<00:02:16.640> this<00:02:16.790> talk<00:02:17.030> of<00:02:17.240> course<00:02:17.480> I 00:02:18.250 --> 00:02:18.260 align:start position:0% know preparing for this talk of course I 00:02:18.260 --> 00:02:22.210 align:start position:0% know preparing for this talk of course I stumble<00:02:18.680> across<00:02:18.769> a<00:02:19.250> Vitalik<00:02:21.069> presentation<00:02:22.069> as 00:02:22.210 --> 00:02:22.220 align:start position:0% stumble across a Vitalik presentation as 00:02:22.220 --> 00:02:24.759 align:start position:0% stumble across a Vitalik presentation as I<00:02:22.250> often<00:02:22.730> do<00:02:22.940> and<00:02:23.290> one<00:02:24.290> thing<00:02:24.530> that<00:02:24.560> he<00:02:24.739> said 00:02:24.759 --> 00:02:24.769 align:start position:0% I often do and one thing that he said 00:02:24.769 --> 00:02:27.190 align:start position:0% I often do and one thing that he said was<00:02:25.030> javascript<00:02:26.030> was<00:02:26.299> the<00:02:26.480> foundation<00:02:26.930> for 00:02:27.190 --> 00:02:27.200 align:start position:0% was javascript was the foundation for 00:02:27.200 --> 00:02:28.780 align:start position:0% was javascript was the foundation for innovation<00:02:27.500> he<00:02:27.950> was<00:02:28.069> introducing<00:02:28.580> his<00:02:28.670> new 00:02:28.780 --> 00:02:28.790 align:start position:0% innovation he was introducing his new 00:02:28.790 --> 00:02:31.690 align:start position:0% innovation he was introducing his new JavaScript<00:02:29.360> framework<00:02:30.190> you<00:02:31.190> know<00:02:31.280> he<00:02:31.549> was 00:02:31.690 --> 00:02:31.700 align:start position:0% JavaScript framework you know he was 00:02:31.700 --> 00:02:34.900 align:start position:0% JavaScript framework you know he was introducing<00:02:32.470> solidity<00:02:33.470> and<00:02:33.590> smart<00:02:34.190> contracts 00:02:34.900 --> 00:02:34.910 align:start position:0% introducing solidity and smart contracts 00:02:34.910 --> 00:02:36.910 align:start position:0% introducing solidity and smart contracts this<00:02:35.030> etherion<00:02:35.599> blockchain<00:02:36.170> and<00:02:36.200> he<00:02:36.440> said<00:02:36.620> you 00:02:36.910 --> 00:02:36.920 align:start position:0% this etherion blockchain and he said you 00:02:36.920 --> 00:02:39.100 align:start position:0% this etherion blockchain and he said you know<00:02:37.040> that<00:02:37.610> is<00:02:37.910> what<00:02:38.120> I<00:02:38.150> hope<00:02:38.420> to<00:02:38.480> bring<00:02:38.810> to<00:02:38.870> the 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align:start position:0% contracts the ability to program smart contracts<00:02:46.549> and<00:02:46.670> use<00:02:47.209> that<00:02:47.420> to<00:02:47.659> grow<00:02:47.989> an 00:02:48.190 --> 00:02:48.200 align:start position:0% contracts and use that to grow an 00:02:48.200 --> 00:02:51.460 align:start position:0% contracts and use that to grow an ecosystem<00:02:48.739> and<00:02:49.129> so<00:02:49.579> you<00:02:50.269> know<00:02:50.420> Vitalik<00:02:51.290> and 00:02:51.460 --> 00:02:51.470 align:start position:0% ecosystem and so you know Vitalik and 00:02:51.470 --> 00:02:54.160 align:start position:0% ecosystem and so you know Vitalik and many<00:02:51.799> others<00:02:52.220> worked<00:02:52.579> really<00:02:52.970> hard<00:02:53.150> to<00:02:53.959> bring 00:02:54.160 --> 00:02:54.170 align:start position:0% many others worked really hard to bring 00:02:54.170 --> 00:02:56.589 align:start position:0% many others worked really hard to bring us<00:02:54.440> smart<00:02:55.010> contracts<00:02:55.700> and<00:02:55.819> it<00:02:56.000> has<00:02:56.180> birthed 00:02:56.589 --> 00:02:56.599 align:start position:0% us smart contracts and it has birthed 00:02:56.599 --> 00:02:59.589 align:start position:0% us smart contracts and it has birthed this<00:02:56.900> incredible<00:02:57.799> community<00:02:58.030> so<00:02:59.030> many<00:02:59.150> people 00:02:59.589 --> 00:02:59.599 align:start position:0% this incredible community so many people 00:02:59.599 --> 00:03:02.130 align:start position:0% this incredible community so many people that<00:03:00.079> I<00:03:00.109> am<00:03:00.379> you<00:03:00.620> know<00:03:00.739> I<00:03:01.010> you<00:03:01.609> know<00:03:01.730> uh 00:03:02.130 --> 00:03:02.140 align:start position:0% that I am you know I you know uh 00:03:02.140 --> 00:03:04.740 align:start position:0% that I am you know I you know uh everyone<00:03:03.140> in<00:03:03.230> this<00:03:03.379> conference<00:03:03.680> is<00:03:03.980> so<00:03:04.250> great 00:03:04.740 --> 00:03:04.750 align:start position:0% everyone in this conference is so great 00:03:04.750 --> 00:03:07.869 align:start position:0% everyone in this conference is so great anyway<00:03:05.750> getting<00:03:06.410> choked<00:03:06.739> up<00:03:06.950> about<00:03:07.190> how<00:03:07.670> great 00:03:07.869 --> 00:03:07.879 align:start position:0% anyway getting choked up about how great 00:03:07.879 --> 00:03:10.960 align:start position:0% anyway getting choked up about how great people<00:03:08.030> are<00:03:08.590> but<00:03:09.590> you<00:03:10.190> know<00:03:10.310> it<00:03:10.489> inspired<00:03:10.879> me 00:03:10.960 --> 00:03:10.970 align:start position:0% people are but you know it inspired me 00:03:10.970 --> 00:03:13.180 align:start position:0% people are but you know it inspired me to<00:03:11.599> talk<00:03:11.750> about<00:03:11.900> crypto<00:03:12.290> economics<00:03:12.829> right<00:03:13.040> in 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mechanisms<00:03:27.200> and<00:03:27.410> learning<00:03:27.769> how<00:03:27.980> to<00:03:28.010> you<00:03:28.730> know 00:03:28.750 --> 00:03:28.760 align:start position:0% mechanisms and learning how to you know 00:03:28.760 --> 00:03:30.520 align:start position:0% mechanisms and learning how to you know design<00:03:29.120> them<00:03:29.569> in<00:03:29.720> such<00:03:29.930> a<00:03:29.959> way<00:03:30.200> that<00:03:30.230> we 00:03:30.520 --> 00:03:30.530 align:start position:0% design them in such a way that we 00:03:30.530 --> 00:03:32.500 align:start position:0% design them in such a way that we actually<00:03:30.709> promote<00:03:31.280> good<00:03:31.459> outcomes<00:03:31.940> and<00:03:32.120> in 00:03:32.500 --> 00:03:32.510 align:start position:0% actually promote good outcomes and in 00:03:32.510 --> 00:03:34.449 align:start position:0% actually promote good outcomes and in fact<00:03:32.690> the<00:03:33.109> the<00:03:33.440> kind<00:03:33.709> of<00:03:33.739> subject<00:03:34.010> of<00:03:34.340> my<00:03:34.430> talk 00:03:34.449 --> 00:03:34.459 align:start position:0% fact the the kind of subject of my talk 00:03:34.459 --> 00:03:36.849 align:start position:0% fact the the kind of subject of my talk was<00:03:34.970> was<00:03:35.510> you<00:03:35.660> know<00:03:35.690> swap<00:03:36.049> because<00:03:36.319> it<00:03:36.620> felt 00:03:36.849 --> 00:03:36.859 align:start position:0% was was you know swap because it felt 00:03:36.859 --> 00:03:38.409 align:start position:0% was was you know swap because it felt like<00:03:36.950> a<00:03:37.130> very<00:03:37.250> good 00:03:38.409 --> 00:03:38.419 align:start position:0% like a very good 00:03:38.419 --> 00:03:40.360 align:start position:0% like a very good you<00:03:38.690> know<00:03:38.810> crypto<00:03:39.200> economic<00:03:39.680> mechanism<00:03:40.220> that 00:03:40.360 --> 00:03:40.370 align:start position:0% you know crypto economic mechanism that 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but the dream right<00:03:49.519> this<00:03:49.700> dream<00:03:50.030> of<00:03:50.060> crypto<00:03:50.599> economics<00:03:51.200> and 00:03:51.400 --> 00:03:51.410 align:start position:0% right this dream of crypto economics and 00:03:51.410 --> 00:03:54.520 align:start position:0% right this dream of crypto economics and building<00:03:51.889> building<00:03:52.700> systems<00:03:53.180> with<00:03:53.480> with<00:03:53.959> you 00:03:54.520 --> 00:03:54.530 align:start position:0% building building systems with with you 00:03:54.530 --> 00:03:56.110 align:start position:0% building building systems with with you know<00:03:54.560> cryptography<00:03:55.370> and<00:03:55.489> economics<00:03:56.030> and 00:03:56.110 --> 00:03:56.120 align:start position:0% know cryptography and economics and 00:03:56.120 --> 00:03:57.699 align:start position:0% know cryptography and economics and giving<00:03:56.389> us<00:03:56.510> all<00:03:56.599> superpowers<00:03:57.349> that<00:03:57.380> we<00:03:57.590> can 00:03:57.699 --> 00:03:57.709 align:start position:0% giving us all superpowers that we can 00:03:57.709 --> 00:04:00.190 align:start position:0% giving us all superpowers that we can all<00:03:57.799> program<00:03:58.400> our<00:03:58.579> smart<00:03:58.910> contracts<00:03:59.450> that 00:04:00.190 --> 00:04:00.200 align:start position:0% all program our smart contracts that 00:04:00.200 --> 00:04:02.530 align:start position:0% all program our smart contracts that dream<00:04:00.620> became<00:04:01.400> a<00:04:01.459> little<00:04:01.730> bit<00:04:01.879> a<00:04:02.060> little<00:04:02.389> bit 00:04:02.530 --> 00:04:02.540 align:start position:0% dream became a little bit a little bit 00:04:02.540 --> 00:04:04.900 align:start position:0% dream became a little bit a little bit of<00:04:02.720> a<00:04:02.810> nightmare<00:04:03.019> right<00:04:03.590> because<00:04:04.010> when<00:04:04.489> we<00:04:04.609> you 00:04:04.900 --> 00:04:04.910 align:start position:0% of a nightmare right because when we you 00:04:04.910 --> 00:04:06.520 align:start position:0% of a nightmare right because when we you know<00:04:04.940> when<00:04:05.030> I<00:04:05.180> actually<00:04:05.389> used<00:04:05.840> our<00:04:06.079> systems 00:04:06.520 --> 00:04:06.530 align:start position:0% know when I actually used our systems 00:04:06.530 --> 00:04:08.440 align:start position:0% know when I actually used our systems unfortunately<00:04:07.310> I<00:04:07.459> would<00:04:07.760> be<00:04:07.849> presented<00:04:08.419> with 00:04:08.440 --> 00:04:08.450 align:start position:0% unfortunately I would be presented with 00:04:08.450 --> 00:04:12.069 align:start position:0% unfortunately I would be presented with these<00:04:09.019> like<00:04:09.319> very<00:04:09.889> you<00:04:10.280> know<00:04:10.340> 69<00:04:10.940> digit<00:04:11.540> you 00:04:12.069 --> 00:04:12.079 align:start position:0% these like very you know 69 digit you 00:04:12.079 --> 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be transferred on you know on our<00:04:19.820> behalf<00:04:20.239> for<00:04:20.599> a<00:04:20.630> random<00:04:21.199> smart<00:04:21.500> contract 00:04:21.939 --> 00:04:21.949 align:start position:0% our behalf for a random smart contract 00:04:21.949 --> 00:04:23.200 align:start position:0% our behalf for a random smart contract that<00:04:22.039> we<00:04:22.160> don't<00:04:22.400> really<00:04:22.580> know<00:04:22.820> about<00:04:22.940> right 00:04:23.200 --> 00:04:23.210 align:start position:0% that we don't really know about right 00:04:23.210 --> 00:04:25.120 align:start position:0% that we don't really know about right like<00:04:23.630> these<00:04:23.810> crazy<00:04:24.080> user<00:04:24.470> experience 00:04:25.120 --> 00:04:25.130 align:start position:0% like these crazy user experience 00:04:25.130 --> 00:04:27.310 align:start position:0% like these crazy user experience problems<00:04:25.639> and<00:04:25.789> pending<00:04:26.630> you<00:04:27.020> know<00:04:27.140> we're 00:04:27.310 --> 00:04:27.320 align:start position:0% problems and pending you know we're 00:04:27.320 --> 00:04:28.870 align:start position:0% problems and pending you know we're waiting<00:04:27.680> for<00:04:27.710> our<00:04:27.919> transaction<00:04:28.580> to<00:04:28.729> go 00:04:28.870 --> 00:04:28.880 align:start position:0% waiting for our transaction to go 00:04:28.880 --> 00:04:30.730 align:start position:0% waiting for our transaction to go through<00:04:29.270> and<00:04:29.479> waiting<00:04:30.200> waiting<00:04:30.409> and<00:04:30.590> no 00:04:30.730 --> 00:04:30.740 align:start position:0% through and waiting waiting and no 00:04:30.740 --> 00:04:31.020 align:start position:0% through and waiting waiting and no matter 00:04:31.020 --> 00:04:31.030 align:start position:0% matter 00:04:31.030 --> 00:04:32.610 align:start position:0% matter how<00:04:31.150> much<00:04:31.360> I'm<00:04:31.510> madam<00:04:31.750> asked<00:04:31.900> I<00:04:32.050> press<00:04:32.290> speed 00:04:32.610 --> 00:04:32.620 align:start position:0% how much I'm madam asked I press speed 00:04:32.620 --> 00:04:35.430 align:start position:0% how much I'm madam asked I press speed up<00:04:32.800> it<00:04:33.010> never<00:04:33.370> gets<00:04:33.640> faster<00:04:34.210> than<00:04:34.390> 15<00:04:34.930> or<00:04:35.170> 1 00:04:35.430 --> 00:04:35.440 align:start position:0% up it never gets faster than 15 or 1 00:04:35.440 --> 00:04:37.260 align:start position:0% up it never gets faster than 15 or 1 minute<00:04:35.800> or<00:04:35.890> even<00:04:35.920> 10<00:04:36.340> minutes<00:04:36.370> sometimes<00:04:37.030> is<00:04:37.240> a 00:04:37.260 --> 00:04:37.270 align:start position:0% minute or even 10 minutes sometimes is a 00:04:37.270 --> 00:04:40.530 align:start position:0% minute or even 10 minutes sometimes is a horrible<00:04:38.200> horrible<00:04:38.560> situation<00:04:39.150> which<00:04:40.150> I<00:04:40.330> you 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like this is you 00:04:55.570 --> 00:04:58.110 align:start position:0% we have come so far like this is you know<00:04:55.720> no<00:04:55.960> shots<00:04:56.320> against<00:04:56.890> it<00:04:57.040> but<00:04:57.580> a<00:04:57.640> lot<00:04:57.940> of 00:04:58.110 --> 00:04:58.120 align:start position:0% know no shots against it but a lot of 00:04:58.120 --> 00:05:00.890 align:start position:0% know no shots against it but a lot of you<00:04:58.330> know<00:04:58.360> this<00:04:58.780> is<00:04:58.960> this<00:04:59.170> is<00:04:59.380> it's<00:04:59.740> tough<00:05:00.100> love 00:05:00.890 --> 00:05:00.900 align:start position:0% you know this is this is it's tough love 00:05:00.900 --> 00:05:03.480 align:start position:0% you know this is this is it's tough love anyway<00:05:01.900> so<00:05:01.960> so<00:05:02.470> this<00:05:02.620> caused<00:05:02.890> me<00:05:03.100> to<00:05:03.250> kind<00:05:03.400> of 00:05:03.480 --> 00:05:03.490 align:start position:0% anyway so so this caused me to kind of 00:05:03.490 --> 00:05:05.370 align:start position:0% anyway so so this caused me to kind of talk<00:05:03.670> about<00:05:03.700> scale<00:05:04.390> and<00:05:04.420> how<00:05:04.750> do<00:05:04.810> we<00:05:04.930> solve 00:05:05.370 --> 00:05:05.380 align:start position:0% talk about scale and how do we solve 00:05:05.380 --> 00:05:08.280 align:start position:0% talk about scale and how do we solve some<00:05:05.740> of<00:05:06.040> the<00:05:06.250> big<00:05:06.490> problems<00:05:07.060> that<00:05:07.180> face<00:05:07.600> crit 00:05:08.280 --> 00:05:08.290 align:start position:0% some of the big problems that face crit 00:05:08.290 --> 00:05:10.470 align:start position:0% some of the big problems that face crit you<00:05:08.440> know<00:05:08.560> the<00:05:08.980> the<00:05:09.280> etherium<00:05:09.760> ecosystem 00:05:10.470 --> 00:05:10.480 align:start position:0% you know the the etherium ecosystem 00:05:10.480 --> 00:05:11.940 align:start position:0% you know the the etherium ecosystem today<00:05:10.780> and<00:05:11.050> like<00:05:11.200> how<00:05:11.380> can<00:05:11.440> we<00:05:11.680> build 00:05:11.940 --> 00:05:11.950 align:start position:0% today and like how can we build 00:05:11.950 --> 00:05:15.480 align:start position:0% today and like how can we build solutions<00:05:12.700> which<00:05:13.150> scale<00:05:13.660> up<00:05:14.020> and<00:05:14.490> resemble 00:05:15.480 --> 00:05:15.490 align:start position:0% solutions which scale up and resemble 00:05:15.490 --> 00:05:17.520 align:start position:0% solutions which scale up and resemble you<00:05:15.700> know<00:05:15.820> the<00:05:16.060> quote<00:05:16.240> centralized<00:05:17.020> the<00:05:17.230> great 00:05:17.520 --> 00:05:17.530 align:start position:0% you know the quote centralized the great 00:05:17.530 --> 00:05:19.680 align:start position:0% you know the quote centralized the great experience<00:05:18.160> that<00:05:18.310> centralized<00:05:18.910> systems<00:05:19.420> can 00:05:19.680 --> 00:05:19.690 align:start position:0% experience that centralized systems can 00:05:19.690 --> 00:05:21.810 align:start position:0% experience that centralized systems can give<00:05:19.870> you<00:05:20.080> because<00:05:20.530> they<00:05:21.070> don't<00:05:21.190> have<00:05:21.310> to<00:05:21.520> deal 00:05:21.810 --> 00:05:21.820 align:start position:0% give you because they don't have to deal 00:05:21.820 --> 00:05:23.700 align:start position:0% give you because they don't have to deal with<00:05:22.120> all<00:05:22.300> of<00:05:22.330> this<00:05:22.510> you<00:05:22.810> know<00:05:22.900> complexity 00:05:23.700 --> 00:05:23.710 align:start position:0% with all of this you know complexity 00:05:23.710 --> 00:05:26.280 align:start position:0% with all of this you know complexity about<00:05:23.800> you<00:05:24.280> know<00:05:24.400> ensuring<00:05:25.090> user<00:05:25.330> safety<00:05:26.080> and 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resemble 00:05:33.910 --> 00:05:35.910 align:start position:0% build our systems so that they resemble those<00:05:34.150> and<00:05:34.510> we<00:05:34.570> can<00:05:34.780> get<00:05:35.080> that<00:05:35.380> mass<00:05:35.590> adoption 00:05:35.910 --> 00:05:35.920 align:start position:0% those and we can get that mass adoption 00:05:35.920 --> 00:05:38.370 align:start position:0% those and we can get that mass adoption that<00:05:36.280> we<00:05:36.460> need<00:05:36.700> and<00:05:37.030> so<00:05:37.210> of<00:05:37.450> course<00:05:37.750> you<00:05:38.230> know<00:05:38.350> I 00:05:38.370 --> 00:05:38.380 align:start position:0% that we need and so of course you know I 00:05:38.380 --> 00:05:41.640 align:start position:0% that we need and so of course you know I myself<00:05:39.160> and<00:05:39.670> a<00:05:39.730> few<00:05:39.910> others<00:05:40.330> you<00:05:41.230> know<00:05:41.320> Jing 00:05:41.640 --> 00:05:41.650 align:start position:0% myself and a few others you know Jing 00:05:41.650 --> 00:05:43.620 align:start position:0% myself and a few others you know Jing and<00:05:41.890> and<00:05:42.130> Ben<00:05:42.400> are<00:05:42.580> in<00:05:42.700> the<00:05:42.880> in<00:05:43.060> the<00:05:43.210> audience 00:05:43.620 --> 00:05:43.630 align:start position:0% and and Ben are in the in the audience 00:05:43.630 --> 00:05:45.960 align:start position:0% and and Ben are in the in the audience here<00:05:43.870> today<00:05:44.050> foreign<00:05:44.710> plasma<00:05:45.190> group<00:05:45.400> and<00:05:45.610> you 00:05:45.960 --> 00:05:45.970 align:start position:0% here today foreign plasma group and you 00:05:45.970 --> 00:05:48.150 align:start position:0% here today foreign plasma group and you know<00:05:46.060> try<00:05:46.330> to<00:05:46.360> solve<00:05:46.840> this<00:05:47.050> solve<00:05:47.890> this 00:05:48.150 --> 00:05:48.160 align:start position:0% know try to solve this solve this 00:05:48.160 --> 00:05:50.940 align:start position:0% know try to solve this solve this usability<00:05:48.970> problem<00:05:49.480> using<00:05:49.900> etherion<00:05:50.530> layer 00:05:50.940 --> 00:05:50.950 align:start position:0% usability problem using etherion layer 00:05:50.950 --> 00:05:53.370 align:start position:0% usability problem using etherion layer to<00:05:51.370> right<00:05:52.090> and<00:05:52.300> so<00:05:52.600> we<00:05:52.840> could<00:05:53.050> upgrade 00:05:53.370 --> 00:05:53.380 align:start position:0% to right and so we could upgrade 00:05:53.380 --> 00:05:57.300 align:start position:0% to right and so we could upgrade aetherium<00:05:54.310> using<00:05:54.910> layer<00:05:55.210> 2<00:05:55.630> using<00:05:56.410> only<00:05:56.680> smart 00:05:57.300 --> 00:05:57.310 align:start position:0% aetherium using layer 2 using only smart 00:05:57.310 --> 00:05:59.970 align:start position:0% aetherium using layer 2 using only smart contracts<00:05:58.000> the<00:05:58.330> actual<00:05:58.810> like<00:05:59.050> ability<00:05:59.680> that 00:05:59.970 --> 00:05:59.980 align:start position:0% contracts the actual like ability that 00:05:59.980 --> 00:06:02.370 align:start position:0% contracts the actual like ability that you<00:06:00.010> have<00:06:00.190> to<00:06:00.790> you<00:06:01.090> know<00:06:01.210> impact<00:06:01.840> change<00:06:02.140> with 00:06:02.370 --> 00:06:02.380 align:start position:0% you have to you know impact change with 00:06:02.380 --> 00:06:05.180 align:start position:0% you have to you know impact change with smart<00:06:02.620> contracts<00:06:03.010> is<00:06:03.190> massive<00:06:03.760> and<00:06:03.940> so<00:06:04.330> just 00:06:05.180 --> 00:06:05.190 align:start position:0% smart contracts is massive and so just 00:06:05.190 --> 00:06:07.500 align:start position:0% smart contracts is massive and so just superpowers<00:06:06.190> right<00:06:06.460> these<00:06:06.730> smart<00:06:07.060> contracts 00:06:07.500 --> 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align:start position:0% months later we you know released this test<00:06:15.490> net<00:06:15.790> and<00:06:16.030> we<00:06:16.270> you<00:06:16.660> know<00:06:16.690> scaled 00:06:17.250 --> 00:06:17.260 align:start position:0% test net and we you know scaled 00:06:17.260 --> 00:06:19.230 align:start position:0% test net and we you know scaled thousands<00:06:17.920> of<00:06:18.040> transactions<00:06:18.640> per<00:06:18.730> second 00:06:19.230 --> 00:06:19.240 align:start position:0% thousands of transactions per second 00:06:19.240 --> 00:06:20.610 align:start position:0% thousands of transactions per second with<00:06:19.420> plasma<00:06:19.660> and<00:06:20.050> it<00:06:20.140> was<00:06:20.230> this<00:06:20.350> amazing 00:06:20.610 --> 00:06:20.620 align:start position:0% with plasma and it was this amazing 00:06:20.620 --> 00:06:24.000 align:start position:0% with plasma and it was this amazing thing<00:06:21.190> but<00:06:21.760> then<00:06:22.000> like<00:06:22.660> an<00:06:22.810> annoying<00:06:23.140> parent<00:06:23.800> I 00:06:24.000 --> 00:06:24.010 align:start position:0% thing but then like an annoying parent I 00:06:24.010 --> 00:06:26.190 align:start position:0% thing but then like an annoying parent I would<00:06:24.070> hear<00:06:24.580> from<00:06:24.730> people<00:06:25.360> like<00:06:25.570> Hayden<00:06:25.930> and 00:06:26.190 --> 00:06:26.200 align:start position:0% would hear from people like Hayden and 00:06:26.200 --> 00:06:29.160 align:start position:0% would hear from people like Hayden and others<00:06:26.560> but<00:06:27.400> can<00:06:27.670> it<00:06:27.820> run<00:06:27.970> you<00:06:28.210> know<00:06:28.330> swap<00:06:28.600> rate 00:06:29.160 --> 00:06:29.170 align:start position:0% others but can it run you know swap rate 00:06:29.170 --> 00:06:30.900 align:start position:0% others but can it run you know swap rate you<00:06:29.320> talked<00:06:29.590> about<00:06:29.710> you<00:06:30.070> know<00:06:30.100> swap<00:06:30.430> you<00:06:30.670> love 00:06:30.900 --> 00:06:30.910 align:start position:0% you talked about you know swap you love 00:06:30.910 --> 00:06:32.790 align:start position:0% you talked about you know swap you love you<00:06:31.090> know<00:06:31.240> swap<00:06:31.450> but<00:06:31.720> can<00:06:31.990> it<00:06:32.140> run<00:06:32.260> Yoona<00:06:32.590> swab 00:06:32.790 --> 00:06:32.800 align:start position:0% you know swap but can it run Yoona swab 00:06:32.800 --> 00:06:35.580 align:start position:0% you know swap but can it run Yoona swab and<00:06:32.980> the<00:06:33.310> sad<00:06:33.640> truth<00:06:34.060> is<00:06:34.300> no<00:06:34.870> it<00:06:35.080> couldn't<00:06:35.350> at 00:06:35.580 --> 00:06:35.590 align:start position:0% and the sad truth is no it couldn't at 00:06:35.590 --> 00:06:37.800 align:start position:0% and the sad truth is no it couldn't at the<00:06:35.620> time<00:06:35.800> run<00:06:36.280> eunice<00:06:36.700> wah<00:06:36.880> and<00:06:37.060> so<00:06:37.480> we<00:06:37.630> went 00:06:37.800 --> 00:06:37.810 align:start position:0% the time run eunice wah and so we went 00:06:37.810 --> 00:06:39.330 align:start position:0% the time run eunice wah and so we went back<00:06:38.080> to<00:06:38.290> the<00:06:38.410> drawing<00:06:38.620> board<00:06:38.950> and<00:06:39.040> we<00:06:39.130> thought 00:06:39.330 --> 00:06:39.340 align:start position:0% back to the drawing board and we thought 00:06:39.340 --> 00:06:41.430 align:start position:0% back to the drawing board and we thought of<00:06:39.490> generalized<00:06:40.360> plasma<00:06:40.930> and<00:06:41.020> this<00:06:41.140> time<00:06:41.320> it 00:06:41.430 --> 00:06:41.440 align:start position:0% of generalized plasma and this time it 00:06:41.440 --> 00:06:43.200 align:start position:0% of generalized plasma and this time it had<00:06:41.590> predicates<00:06:42.430> and<00:06:42.640> Platt 00:06:43.200 --> 00:06:43.210 align:start position:0% had predicates and Platt 00:06:43.210 --> 00:06:47.129 align:start position:0% had predicates and Platt and<00:06:43.539> just<00:06:44.020> in<00:06:45.120> kraid<00:06:46.120> the<00:06:46.360> past<00:06:46.600> of<00:06:46.780> the<00:06:46.900> the 00:06:47.129 --> 00:06:47.139 align:start position:0% and just in kraid the past of the the 00:06:47.139 --> 00:06:49.140 align:start position:0% and just in kraid the past of the the functionality<00:06:47.889> of<00:06:47.919> plasma<00:06:48.520> and<00:06:48.669> you<00:06:49.030> know 00:06:49.140 --> 00:06:49.150 align:start position:0% functionality of plasma and you know 00:06:49.150 --> 00:06:50.939 align:start position:0% functionality of plasma and you know really<00:06:49.539> unlocked<00:06:49.900> a<00:06:50.080> bunch<00:06:50.319> of<00:06:50.590> you<00:06:50.860> know 00:06:50.939 --> 00:06:50.949 align:start position:0% really unlocked a bunch of you know 00:06:50.949 --> 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and<00:06:58.030> once<00:06:58.569> again<00:06:58.750> the<00:06:59.139> sad<00:06:59.410> answer<00:06:59.919> was 00:07:00.180 --> 00:07:00.190 align:start position:0% swap and once again the sad answer was 00:07:00.190 --> 00:07:02.999 align:start position:0% swap and once again the sad answer was no<00:07:00.550> it<00:07:01.060> cannot<00:07:01.539> we<00:07:01.960> did<00:07:02.169> not<00:07:02.440> have<00:07:02.710> smart 00:07:02.999 --> 00:07:03.009 align:start position:0% no it cannot we did not have smart 00:07:03.009 --> 00:07:04.640 align:start position:0% no it cannot we did not have smart contracts<00:07:03.580> we<00:07:03.729> did<00:07:03.910> not<00:07:04.060> have<00:07:04.330> the 00:07:04.640 --> 00:07:04.650 align:start position:0% contracts we did not have the 00:07:04.650 --> 00:07:07.860 align:start position:0% contracts we did not have the unstoppable<00:07:05.650> smart<00:07:06.160> contracts<00:07:06.819> of<00:07:07.060> aetherium 00:07:07.860 --> 00:07:07.870 align:start position:0% unstoppable smart contracts of aetherium 00:07:07.870 --> 00:07:10.830 align:start position:0% unstoppable smart contracts of aetherium layer<00:07:08.199> one<00:07:08.590> using<00:07:09.520> a<00:07:09.669> developer<00:07:10.330> experience 00:07:10.830 --> 00:07:10.840 align:start position:0% layer one using a developer experience 00:07:10.840 --> 00:07:12.480 align:start position:0% layer one using a developer experience like<00:07:11.020> solidity<00:07:11.560> that<00:07:11.830> people<00:07:12.160> are<00:07:12.280> familiar 00:07:12.480 --> 00:07:12.490 align:start position:0% like solidity that people are familiar 00:07:12.490 --> 00:07:16.469 align:start position:0% like solidity that people are familiar with<00:07:12.880> and<00:07:13.180> so<00:07:13.840> that<00:07:14.310> was<00:07:15.310> a<00:07:15.340> real<00:07:15.729> problem<00:07:16.000> and 00:07:16.469 --> 00:07:16.479 align:start position:0% with and so that was a real problem and 00:07:16.479 --> 00:07:18.150 align:start position:0% with and so that was a real problem and to<00:07:16.660> kind<00:07:16.840> of<00:07:16.930> demonstrate<00:07:17.560> this<00:07:17.710> problem 00:07:18.150 --> 00:07:18.160 align:start position:0% to kind of demonstrate this problem 00:07:18.160 --> 00:07:20.339 align:start position:0% to kind of demonstrate this problem here's<00:07:18.639> a<00:07:18.729> little<00:07:19.060> graph<00:07:19.210> which<00:07:19.599> shows<00:07:19.630> the 00:07:20.339 --> 00:07:20.349 align:start position:0% here's a little graph which shows the 00:07:20.349 --> 00:07:21.990 align:start position:0% here's a little graph which shows the different<00:07:20.919> ways<00:07:21.099> that<00:07:21.130> we<00:07:21.340> solve<00:07:21.759> the 00:07:21.990 --> 00:07:22.000 align:start position:0% different ways that we solve the 00:07:22.000 --> 00:07:24.450 align:start position:0% different ways that we solve the validity<00:07:22.660> and<00:07:23.050> availability<00:07:23.530> problems<00:07:24.280> of 00:07:24.450 --> 00:07:24.460 align:start position:0% validity and availability problems of 00:07:24.460 --> 00:07:27.120 align:start position:0% validity and availability problems of layer<00:07:25.000> two<00:07:25.360> I<00:07:25.620> won't<00:07:26.620> get<00:07:26.770> into<00:07:26.919> the<00:07:27.099> details 00:07:27.120 --> 00:07:27.130 align:start position:0% layer two I won't get into the details 00:07:27.130 --> 00:07:29.490 align:start position:0% layer two I won't get into the details because<00:07:27.699> there's<00:07:28.389> only<00:07:28.539> there's<00:07:29.020> only<00:07:29.110> some 00:07:29.490 --> 00:07:29.500 align:start position:0% because there's only there's only some 00:07:29.500 --> 00:07:31.800 align:start position:0% because there's only there's only some you<00:07:29.830> know<00:07:29.949> so<00:07:30.370> much<00:07:30.550> time<00:07:30.820> but<00:07:31.150> for<00:07:31.599> those<00:07:31.750> in 00:07:31.800 --> 00:07:31.810 align:start position:0% you know so much time but for those in 00:07:31.810 --> 00:07:34.620 align:start position:0% you know so much time but for those in the<00:07:32.110> know<00:07:32.289> on<00:07:33.070> their<00:07:33.639> on<00:07:33.820> the<00:07:34.030> on<00:07:34.240> the<00:07:34.419> right 00:07:34.620 --> 00:07:34.630 align:start position:0% the know on their on the on the right 00:07:34.630 --> 00:07:36.600 align:start position:0% the know on their on the on the right hand<00:07:34.810> side<00:07:35.050> you<00:07:35.229> have<00:07:35.409> put<00:07:35.770> all<00:07:35.919> data<00:07:36.159> on<00:07:36.340> chain 00:07:36.600 --> 00:07:36.610 align:start position:0% hand side you have put all data on chain 00:07:36.610 --> 00:07:38.640 align:start position:0% hand side you have put all data on chain that's<00:07:36.820> roll<00:07:37.090> up<00:07:37.240> on<00:07:37.389> the<00:07:37.750> left<00:07:37.960> hand<00:07:38.199> side<00:07:38.440> you 00:07:38.640 --> 00:07:38.650 align:start position:0% that's roll up on the left hand side you 00:07:38.650 --> 00:07:41.070 align:start position:0% that's roll up on the left hand side you have<00:07:38.680> plasma<00:07:39.039> and<00:07:39.460> on<00:07:39.940> the<00:07:40.150> top<00:07:40.419> right<00:07:40.720> that's 00:07:41.070 --> 00:07:41.080 align:start position:0% have plasma and on the top right that's 00:07:41.080 --> 00:07:43.860 align:start position:0% have plasma and on the top right that's how<00:07:41.440> we<00:07:41.500> provide<00:07:42.220> availability<00:07:43.150> so<00:07:43.360> either<00:07:43.630> we 00:07:43.860 --> 00:07:43.870 align:start position:0% how we provide availability so either we 00:07:43.870 --> 00:07:46.350 align:start position:0% how we provide availability so either we put<00:07:44.050> it<00:07:44.169> all<00:07:44.289> on<00:07:44.470> chain<00:07:44.770> or<00:07:44.979> we<00:07:45.490> use<00:07:45.699> this 00:07:46.350 --> 00:07:46.360 align:start position:0% put it all on chain or we use this 00:07:46.360 --> 00:07:49.020 align:start position:0% put it all on chain or we use this this<00:07:46.630> this<00:07:46.900> availability<00:07:47.710> availability<00:07:48.070> game 00:07:49.020 --> 00:07:49.030 align:start position:0% this this availability availability game 00:07:49.030 --> 00:07:52.219 align:start position:0% this this availability availability game and<00:07:49.300> on<00:07:49.780> the<00:07:49.840> top<00:07:50.229> we<00:07:50.470> have<00:07:50.639> optimistic 00:07:52.219 --> 00:07:52.229 align:start position:0% and on the top we have optimistic 00:07:52.229 --> 00:07:54.480 align:start position:0% and on the top we have optimistic validity<00:07:53.229> proofs<00:07:53.530> so<00:07:53.770> that<00:07:53.919> is<00:07:54.070> essentially 00:07:54.480 --> 00:07:54.490 align:start position:0% validity proofs so that is essentially 00:07:54.490 --> 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align:start position:0% assume it correct if there's a time out that<00:08:02.020> we<00:08:02.380> that<00:08:02.830> that<00:08:03.030> occurs<00:08:04.030> and<00:08:04.330> you<00:08:04.990> know<00:08:05.169> no 00:08:05.370 --> 00:08:05.380 align:start position:0% that we that that occurs and you know no 00:08:05.380 --> 00:08:07.260 align:start position:0% that we that that occurs and you know no one<00:08:05.530> has<00:08:05.650> challenged<00:08:06.159> it<00:08:06.310> and<00:08:06.490> then<00:08:06.940> we<00:08:07.090> can 00:08:07.260 --> 00:08:07.270 align:start position:0% one has challenged it and then we can 00:08:07.270 --> 00:08:09.570 align:start position:0% one has challenged it and then we can also<00:08:07.479> use<00:08:07.810> fancy<00:08:08.110> math<00:08:08.469> to<00:08:08.770> solve<00:08:08.949> the<00:08:09.159> ability 00:08:09.570 --> 00:08:09.580 align:start position:0% also use fancy math to solve the ability 00:08:09.580 --> 00:08:11.939 align:start position:0% also use fancy math to solve the ability to<00:08:09.610> solve<00:08:10.090> the<00:08:10.240> validity<00:08:10.479> problem<00:08:11.110> using<00:08:11.560> zero 00:08:11.939 --> 00:08:11.949 align:start position:0% to solve the validity problem using zero 00:08:11.949 --> 00:08:14.159 align:start position:0% to solve the validity problem using zero knowledge<00:08:12.190> proof<00:08:12.400> and<00:08:13.000> so<00:08:13.509> there's<00:08:13.960> a<00:08:14.020> whole 00:08:14.159 --> 00:08:14.169 align:start position:0% knowledge proof and so there's a whole 00:08:14.169 --> 00:08:16.950 align:start position:0% knowledge proof and so there's a whole bunch<00:08:14.469> of<00:08:14.800> layer<00:08:15.250> two<00:08:15.520> solutions<00:08:16.210> on<00:08:16.509> this<00:08:16.750> on 00:08:16.950 --> 00:08:16.960 align:start position:0% bunch of layer two solutions on this on 00:08:16.960 --> 00:08:20.909 align:start position:0% bunch of layer two solutions on this on this<00:08:17.259> kind<00:08:17.530> of<00:08:17.680> map<00:08:18.039> and<00:08:18.930> notably<00:08:19.930> something 00:08:20.909 --> 00:08:20.919 align:start position:0% this kind of map and notably something 00:08:20.919 --> 00:08:22.890 align:start position:0% this kind of map and notably something that<00:08:21.099> is<00:08:21.219> a<00:08:21.250> little<00:08:21.610> strange<00:08:21.880> is<00:08:22.270> there's<00:08:22.810> a 00:08:22.890 --> 00:08:22.900 align:start position:0% that is a little strange is there's a 00:08:22.900 --> 00:08:24.810 align:start position:0% that is a little strange is there's a little<00:08:23.259> bit<00:08:23.469> you<00:08:23.650> know<00:08:23.770> a<00:08:24.009> section<00:08:24.639> that's 00:08:24.810 --> 00:08:24.820 align:start position:0% little bit you know a section that's 00:08:24.820 --> 00:08:26.520 align:start position:0% little bit you know a section that's kind<00:08:25.180> of<00:08:25.300> missing<00:08:25.659> that<00:08:25.690> was<00:08:26.050> definitely 00:08:26.520 --> 00:08:26.530 align:start position:0% kind of missing that was definitely 00:08:26.530 --> 00:08:28.950 align:start position:0% kind of missing that was definitely missing<00:08:26.740> from<00:08:27.130> my<00:08:27.370> conception<00:08:28.000> of<00:08:28.210> layer<00:08:28.539> two 00:08:28.950 --> 00:08:28.960 align:start position:0% missing from my conception of layer two 00:08:28.960 --> 00:08:32.069 align:start position:0% missing from my conception of layer two and<00:08:29.199> you<00:08:30.039> know<00:08:30.159> a<00:08:30.340> very<00:08:30.699> you<00:08:31.090> know<00:08:31.120> potentially 00:08:32.069 --> 00:08:32.079 align:start position:0% and you know a very you know potentially 00:08:32.079 --> 00:08:34.829 align:start position:0% and you know a very you know potentially very<00:08:32.260> interesting<00:08:32.800> and<00:08:33.039> so<00:08:33.669> before<00:08:34.360> I<00:08:34.390> go<00:08:34.810> into 00:08:34.829 --> 00:08:34.839 align:start position:0% very interesting and so before I go into 00:08:34.839 --> 00:08:37.319 align:start position:0% very interesting and so before I go into what<00:08:35.289> that<00:08:35.440> section<00:08:35.709> is<00:08:36.010> here<00:08:36.550> generalize 00:08:37.319 --> 00:08:37.329 align:start position:0% what that section is here generalize 00:08:37.329 --> 00:08:38.909 align:start position:0% what that section is here generalize these<00:08:37.599> are<00:08:37.810> the<00:08:37.930> kind<00:08:38.110> of<00:08:38.200> benefits<00:08:38.680> of<00:08:38.800> each 00:08:38.909 --> 00:08:38.919 align:start position:0% these are the kind of benefits of each 00:08:38.919 --> 00:08:40.949 align:start position:0% these are the kind of benefits of each system<00:08:39.159> so<00:08:39.550> generalize<00:08:40.089> computation<00:08:40.779> when 00:08:40.949 --> 00:08:40.959 align:start position:0% system so generalize computation when 00:08:40.959 --> 00:08:42.300 align:start position:0% system so generalize computation when you<00:08:41.110> have<00:08:41.320> an<00:08:41.440> event<00:08:41.680> when<00:08:41.919> you<00:08:42.010> have<00:08:42.130> one<00:08:42.279> of 00:08:42.300 --> 00:08:42.310 align:start position:0% you have an event when you have one of 00:08:42.310 --> 00:08:44.130 align:start position:0% you have an event when you have one of these<00:08:42.490> validity<00:08:43.060> games<00:08:43.539> enforced<00:08:44.020> with 00:08:44.130 --> 00:08:44.140 align:start position:0% these validity games enforced with 00:08:44.140 --> 00:08:45.960 align:start position:0% these validity games enforced with crypto<00:08:44.470> economics<00:08:44.920> you<00:08:45.279> can<00:08:45.430> do<00:08:45.550> general 00:08:45.960 --> 00:08:45.970 align:start position:0% crypto economics you can do general 00:08:45.970 --> 00:08:47.910 align:start position:0% crypto economics you can do general computation<00:08:46.270> and<00:08:46.839> on<00:08:47.290> the<00:08:47.440> bottom<00:08:47.740> you<00:08:47.890> have 00:08:47.910 --> 00:08:47.920 align:start position:0% computation and on the bottom you have 00:08:47.920 --> 00:08:49.860 align:start position:0% computation and on the bottom you have objective<00:08:48.790> proofs<00:08:49.060> upfront<00:08:49.360> that<00:08:49.540> means<00:08:49.750> that 00:08:49.860 --> 00:08:49.870 align:start position:0% objective proofs upfront that means that 00:08:49.870 --> 00:08:51.870 align:start position:0% objective proofs upfront that means that we<00:08:49.959> can<00:08:50.079> prove<00:08:50.290> to<00:08:50.500> the<00:08:50.589> main<00:08:50.770> chain<00:08:51.040> validity 00:08:51.870 --> 00:08:51.880 align:start position:0% we can prove to the main chain validity 00:08:51.880 --> 00:08:52.540 align:start position:0% we can prove to the main chain validity a<00:08:52.029> meet 00:08:52.540 --> 00:08:52.550 align:start position:0% a meet 00:08:52.550 --> 00:08:54.760 align:start position:0% a meet because<00:08:53.330> it's<00:08:53.540> you<00:08:53.750> know<00:08:53.779> succinct<00:08:54.380> enough<00:08:54.589> to 00:08:54.760 --> 00:08:54.770 align:start position:0% because it's you know succinct enough to 00:08:54.770 --> 00:08:57.910 align:start position:0% because it's you know succinct enough to be<00:08:54.890> verified<00:08:55.370> and<00:08:55.870> here<00:08:56.870> on<00:08:57.080> the<00:08:57.320> roll-up<00:08:57.680> side 00:08:57.910 --> 00:08:57.920 align:start position:0% be verified and here on the roll-up side 00:08:57.920 --> 00:08:59.949 align:start position:0% be verified and here on the roll-up side we<00:08:58.130> have<00:08:58.310> no<00:08:58.640> data<00:08:58.910> withholding<00:08:59.570> which<00:08:59.720> means 00:08:59.949 --> 00:08:59.959 align:start position:0% we have no data withholding which means 00:08:59.959 --> 00:09:01.870 align:start position:0% we have no data withholding which means we<00:09:00.110> don't<00:09:00.290> have<00:09:00.440> to<00:09:00.560> deal<00:09:00.890> with<00:09:01.190> you<00:09:01.550> know<00:09:01.670> the 00:09:01.870 --> 00:09:01.880 align:start position:0% we don't have to deal with you know the 00:09:01.880 --> 00:09:04.990 align:start position:0% we don't have to deal with you know the the<00:09:02.480> same<00:09:02.899> problems<00:09:03.529> of<00:09:03.800> a<00:09:04.040> plasma<00:09:04.370> operator 00:09:04.990 --> 00:09:05.000 align:start position:0% the same problems of a plasma operator 00:09:05.000 --> 00:09:07.360 align:start position:0% the same problems of a plasma operator going<00:09:05.450> offline<00:09:05.959> or<00:09:06.290> at<00:09:06.470> you<00:09:06.620> know<00:09:06.740> whatever<00:09:07.070> it 00:09:07.360 --> 00:09:07.370 align:start position:0% going offline or at you know whatever it 00:09:07.370 --> 00:09:09.310 align:start position:0% going offline or at you know whatever it may<00:09:07.520> be<00:09:07.550> but<00:09:08.149> here<00:09:08.420> on<00:09:08.630> the<00:09:08.839> on<00:09:09.020> the<00:09:09.170> plasma 00:09:09.310 --> 00:09:09.320 align:start position:0% may be but here on the on the plasma 00:09:09.320 --> 00:09:11.710 align:start position:0% may be but here on the on the plasma side<00:09:09.709> we<00:09:09.890> have<00:09:10.010> like<00:09:10.160> infinite<00:09:11.000> transactions 00:09:11.710 --> 00:09:11.720 align:start position:0% side we have like infinite transactions 00:09:11.720 --> 00:09:13.060 align:start position:0% side we have like infinite transactions per<00:09:11.870> second<00:09:12.230> because<00:09:12.410> we<00:09:12.560> don't<00:09:12.800> have<00:09:12.890> that 00:09:13.060 --> 00:09:13.070 align:start position:0% per second because we don't have that 00:09:13.070 --> 00:09:16.090 align:start position:0% per second because we don't have that data<00:09:13.670> availability<00:09:14.089> bottleneck<00:09:14.860> but<00:09:15.860> of 00:09:16.090 --> 00:09:16.100 align:start position:0% data availability bottleneck but of 00:09:16.100 --> 00:09:18.639 align:start position:0% data availability bottleneck but of course<00:09:16.700> there<00:09:17.270> is<00:09:17.450> this<00:09:17.660> you<00:09:17.899> know<00:09:17.990> this<00:09:18.170> blank 00:09:18.639 --> 00:09:18.649 align:start position:0% course there is this you know this blank 00:09:18.649 --> 00:09:20.610 align:start position:0% course there is this you know this blank open<00:09:18.980> space<00:09:19.220> so<00:09:19.430> what<00:09:19.640> is<00:09:19.790> that<00:09:19.970> point<00:09:20.209> well 00:09:20.610 --> 00:09:20.620 align:start position:0% open space so what is that point well 00:09:20.620 --> 00:09:23.500 align:start position:0% open space so what is that point well we're<00:09:21.620> very<00:09:21.800> clever<00:09:22.160> and<00:09:22.430> so<00:09:22.610> we<00:09:22.700> came<00:09:22.910> up<00:09:23.149> with 00:09:23.500 --> 00:09:23.510 align:start position:0% we're very clever and so we came up with 00:09:23.510 --> 00:09:26.920 align:start position:0% we're very clever and so we came up with the<00:09:23.660> name<00:09:23.810> optimistic<00:09:24.620> roll-up<00:09:25.459> and<00:09:26.209> so<00:09:26.690> it 00:09:26.920 --> 00:09:26.930 align:start position:0% the name optimistic roll-up and so it 00:09:26.930 --> 00:09:28.780 align:start position:0% the name optimistic roll-up and so it turns<00:09:27.140> out<00:09:27.350> that<00:09:27.500> within<00:09:27.830> this<00:09:28.339> in<00:09:28.610> this 00:09:28.780 --> 00:09:28.790 align:start position:0% turns out that within this in this 00:09:28.790 --> 00:09:30.639 align:start position:0% turns out that within this in this trade-off<00:09:29.149> space<00:09:29.540> you<00:09:29.750> can<00:09:29.930> get<00:09:30.050> general 00:09:30.639 --> 00:09:30.649 align:start position:0% trade-off space you can get general 00:09:30.649 --> 00:09:33.250 align:start position:0% trade-off space you can get general computation<00:09:31.399> and<00:09:31.580> you<00:09:32.240> can<00:09:32.420> get<00:09:32.570> the<00:09:32.720> no<00:09:32.990> data 00:09:33.250 --> 00:09:33.260 align:start position:0% computation and you can get the no data 00:09:33.260 --> 00:09:35.500 align:start position:0% computation and you can get the no data withholding<00:09:34.070> you<00:09:34.339> no<00:09:34.459> problem<00:09:35.029> the<00:09:35.209> kind<00:09:35.390> of 00:09:35.500 --> 00:09:35.510 align:start position:0% withholding you no problem the kind of 00:09:35.510 --> 00:09:37.420 align:start position:0% withholding you no problem the kind of unstoppable<00:09:36.080> nature<00:09:36.800> the<00:09:37.040> liveness 00:09:37.420 --> 00:09:37.430 align:start position:0% unstoppable nature the liveness 00:09:37.430 --> 00:09:40.570 align:start position:0% unstoppable nature the liveness properties<00:09:38.209> of<00:09:38.450> etherium<00:09:39.290> and<00:09:39.529> so<00:09:40.010> that<00:09:40.250> gives 00:09:40.570 --> 00:09:40.580 align:start position:0% properties of etherium and so that gives 00:09:40.580 --> 00:09:43.210 align:start position:0% properties of etherium and so that gives you<00:09:40.850> what<00:09:41.390> really<00:09:41.839> resembles<00:09:42.589> smart 00:09:43.210 --> 00:09:43.220 align:start position:0% you what really resembles smart 00:09:43.220 --> 00:09:46.120 align:start position:0% you what really resembles smart contracts<00:09:43.880> inside<00:09:44.330> of<00:09:44.540> layer<00:09:44.839> 2<00:09:45.230> and<00:09:45.470> that<00:09:45.950> is 00:09:46.120 --> 00:09:46.130 align:start position:0% contracts inside of layer 2 and that is 00:09:46.130 --> 00:09:48.760 align:start position:0% contracts inside of layer 2 and that is a<00:09:46.160> huge<00:09:46.700> huge<00:09:47.120> you<00:09:47.600> know<00:09:47.630> deal<00:09:48.260> from<00:09:48.620> a 00:09:48.760 --> 00:09:48.770 align:start position:0% a huge huge you know deal from a 00:09:48.770 --> 00:09:50.500 align:start position:0% a huge huge you know deal from a developer<00:09:49.459> user<00:09:49.700> experience<00:09:50.360> perspective 00:09:50.500 --> 00:09:50.510 align:start position:0% developer user experience perspective 00:09:50.510 --> 00:09:52.840 align:start position:0% developer user experience perspective which<00:09:51.110> is<00:09:51.140> you<00:09:51.440> know<00:09:51.560> honestly<00:09:52.459> a<00:09:52.580> user 00:09:52.840 --> 00:09:52.850 align:start position:0% which is you know honestly a user 00:09:52.850 --> 00:09:54.269 align:start position:0% which is you know honestly a user experience<00:09:53.420> that<00:09:53.600> is<00:09:53.720> often<00:09:54.170> neglected 00:09:54.269 --> 00:09:54.279 align:start position:0% experience that is often neglected 00:09:54.279 --> 00:09:56.280 align:start position:0% experience that is often neglected especially<00:09:55.279> you<00:09:55.490> know<00:09:55.610> especially<00:09:55.850> in 00:09:56.280 --> 00:09:56.290 align:start position:0% especially you know especially in 00:09:56.290 --> 00:09:58.900 align:start position:0% especially you know especially in aetherium<00:09:57.290> and<00:09:57.500> in<00:09:57.800> other<00:09:57.980> places<00:09:58.250> now 00:09:58.900 --> 00:09:58.910 align:start position:0% aetherium and in other places now 00:09:58.910 --> 00:10:00.490 align:start position:0% aetherium and in other places now notably<00:09:59.329> this<00:09:59.630> this<00:09:59.930> kind<00:10:00.200> of<00:10:00.260> trade-off 00:10:00.490 --> 00:10:00.500 align:start position:0% notably this this kind of trade-off 00:10:00.500 --> 00:10:02.530 align:start position:0% notably this this kind of trade-off space<00:10:00.800> had<00:10:00.980> not<00:10:01.130> not<00:10:01.490> been<00:10:01.760> explored<00:10:02.300> before 00:10:02.530 --> 00:10:02.540 align:start position:0% space had not not been explored before 00:10:02.540 --> 00:10:06.370 align:start position:0% space had not not been explored before not<00:10:03.260> not<00:10:03.529> been<00:10:03.709> explored<00:10:04.040> before<00:10:04.240> um<00:10:05.270> in<00:10:05.540> 2014 00:10:06.370 --> 00:10:06.380 align:start position:0% not not been explored before um in 2014 00:10:06.380 --> 00:10:08.199 align:start position:0% not not been explored before um in 2014 potala<00:10:06.770> came<00:10:06.980> up<00:10:07.100> with<00:10:07.250> shadow<00:10:07.579> chains<00:10:07.940> which 00:10:08.199 --> 00:10:08.209 align:start position:0% potala came up with shadow chains which 00:10:08.209 --> 00:10:10.690 align:start position:0% potala came up with shadow chains which is<00:10:08.390> essentially<00:10:09.020> what<00:10:09.200> this<00:10:09.380> is<00:10:09.440> and<00:10:09.920> you<00:10:10.579> know 00:10:10.690 --> 00:10:10.700 align:start position:0% is essentially what this is and you know 00:10:10.700 --> 00:10:12.550 align:start position:0% is essentially what this is and you know a<00:10:10.730> bunch<00:10:10.970> of<00:10:11.120> other<00:10:11.300> people<00:10:11.480> had<00:10:11.810> also<00:10:12.230> come<00:10:12.410> up 00:10:12.550 --> 00:10:12.560 align:start position:0% a bunch of other people had also come up 00:10:12.560 --> 00:10:14.019 align:start position:0% a bunch of other people had also come up with<00:10:12.740> this<00:10:12.860> and<00:10:13.070> so<00:10:13.160> this<00:10:13.279> is<00:10:13.339> he<00:10:13.550> kind<00:10:13.730> of<00:10:13.820> work 00:10:14.019 --> 00:10:14.029 align:start position:0% with this and so this is he kind of work 00:10:14.029 --> 00:10:17.290 align:start position:0% with this and so this is he kind of work expanding<00:10:14.600> on<00:10:14.750> shadow<00:10:15.500> chains<00:10:15.950> and<00:10:16.250> so<00:10:16.760> now 00:10:17.290 --> 00:10:17.300 align:start position:0% expanding on shadow chains and so now 00:10:17.300 --> 00:10:19.569 align:start position:0% expanding on shadow chains and so now I'm<00:10:17.540> going<00:10:17.570> to<00:10:18.079> give<00:10:18.320> an<00:10:18.560> optimistic<00:10:19.250> roll 00:10:19.569 --> 00:10:19.579 align:start position:0% I'm going to give an optimistic roll 00:10:19.579 --> 00:10:22.180 align:start position:0% I'm going to give an optimistic roll roll<00:10:20.270> up<00:10:20.420> overview<00:10:20.750> in<00:10:20.899> two<00:10:21.380> minutes<00:10:21.709> I<00:10:21.829> was 00:10:22.180 --> 00:10:22.190 align:start position:0% roll up overview in two minutes I was 00:10:22.190 --> 00:10:23.680 align:start position:0% roll up overview in two minutes I was told<00:10:22.520> that<00:10:23.000> my<00:10:23.060> talks 00:10:23.680 --> 00:10:23.690 align:start position:0% told that my talks 00:10:23.690 --> 00:10:25.960 align:start position:0% told that my talks they'd<00:10:24.200> someone<00:10:24.890> so<00:10:25.100> I<00:10:25.130> was<00:10:25.399> giving<00:10:25.640> a<00:10:25.700> slower 00:10:25.960 --> 00:10:25.970 align:start position:0% they'd someone so I was giving a slower 00:10:25.970 --> 00:10:27.130 align:start position:0% they'd someone so I was giving a slower talk<00:10:26.209> and<00:10:26.329> they<00:10:26.420> were<00:10:26.480> like<00:10:26.600> I<00:10:26.690> want<00:10:26.870> a<00:10:26.990> really 00:10:27.130 --> 00:10:27.140 align:start position:0% talk and they were like I want a really 00:10:27.140 --> 00:10:29.769 align:start position:0% talk and they were like I want a really fast<00:10:27.560> talk<00:10:27.980> Carl<00:10:28.370> and<00:10:28.640> so<00:10:29.029> I<00:10:29.060> was<00:10:29.240> like<00:10:29.360> ok<00:10:29.600> how 00:10:29.769 --> 00:10:29.779 align:start position:0% fast talk Carl and so I was like ok how 00:10:29.779 --> 00:10:32.650 align:start position:0% fast talk Carl and so I was like ok how fast<00:10:30.140> can<00:10:30.740> I<00:10:30.890> make<00:10:31.130> this<00:10:31.339> fast<00:10:31.700> talk<00:10:32.209> and<00:10:32.510> it's 00:10:32.650 --> 00:10:32.660 align:start position:0% fast can I make this fast talk and it's 00:10:32.660 --> 00:10:34.510 align:start position:0% fast can I make this fast talk and it's just<00:10:32.899> way<00:10:33.110> too<00:10:33.170> fast<00:10:33.560> so<00:10:33.829> this<00:10:34.010> you're<00:10:34.370> not 00:10:34.510 --> 00:10:34.520 align:start position:0% just way too fast so this you're not 00:10:34.520 --> 00:10:35.889 align:start position:0% just way too fast so this you're not going<00:10:34.730> to<00:10:34.790> understand<00:10:35.270> it<00:10:35.390> but<00:10:35.750> you'll 00:10:35.889 --> 00:10:35.899 align:start position:0% going to understand it but you'll 00:10:35.899 --> 00:10:37.900 align:start position:0% going to understand it but you'll experience<00:10:36.500> it<00:10:36.829> and<00:10:37.010> you'll<00:10:37.130> love<00:10:37.399> it 00:10:37.900 --> 00:10:37.910 align:start position:0% experience it and you'll love it 00:10:37.910 --> 00:10:40.960 align:start position:0% experience it and you'll love it you'll<00:10:38.120> love<00:10:38.420> it<00:10:38.920> so<00:10:39.920> BAM<00:10:40.250> oh<00:10:40.550> yeah<00:10:40.760> I<00:10:40.820> was 00:10:40.960 --> 00:10:40.970 align:start position:0% you'll love it so BAM oh yeah I was 00:10:40.970 --> 00:10:43.150 align:start position:0% you'll love it so BAM oh yeah I was gonna<00:10:41.120> do<00:10:41.329> that<00:10:41.450> BIM<00:10:41.779> that's<00:10:42.410> another<00:10:42.680> one<00:10:42.860> all 00:10:43.150 --> 00:10:43.160 align:start position:0% gonna do that BIM that's another one all 00:10:43.160 --> 00:10:46.360 align:start position:0% gonna do that BIM that's another one all right<00:10:43.520> so<00:10:43.579> we<00:10:44.360> have<00:10:44.920> aetherium<00:10:45.920> right<00:10:46.160> that's 00:10:46.360 --> 00:10:46.370 align:start position:0% right so we have aetherium right that's 00:10:46.370 --> 00:10:47.470 align:start position:0% right so we have aetherium right that's pretty<00:10:46.520> straightforward<00:10:46.880> we<00:10:47.270> have<00:10:47.390> an 00:10:47.470 --> 00:10:47.480 align:start position:0% pretty straightforward we have an 00:10:47.480 --> 00:10:49.870 align:start position:0% pretty straightforward we have an etherion<00:10:47.870> block<00:10:48.110> we<00:10:48.350> deploy<00:10:48.800> a<00:10:49.040> optimistic 00:10:49.870 --> 00:10:49.880 align:start position:0% etherion block we deploy a optimistic 00:10:49.880 --> 00:10:51.280 align:start position:0% etherion block we deploy a optimistic roll-up<00:10:50.120> contract<00:10:50.570> to<00:10:50.660> aetherium<00:10:50.990> there's 00:10:51.280 --> 00:10:51.290 align:start position:0% roll-up contract to aetherium there's 00:10:51.290 --> 00:10:52.780 align:start position:0% roll-up contract to aetherium there's our<00:10:51.440> optimistic<00:10:52.100> roll<00:10:52.279> of<00:10:52.399> chain<00:10:52.579> it's 00:10:52.780 --> 00:10:52.790 align:start position:0% our optimistic roll of chain it's 00:10:52.790 --> 00:10:54.910 align:start position:0% our optimistic roll of chain it's deployed<00:10:53.270> we<00:10:53.870> have<00:10:53.959> an<00:10:54.079> aggregator<00:10:54.529> they<00:10:54.770> are 00:10:54.910 --> 00:10:54.920 align:start position:0% deployed we have an aggregator they are 00:10:54.920 --> 00:10:56.800 align:start position:0% deployed we have an aggregator they are bonded<00:10:55.550> in<00:10:55.760> fact<00:10:56.060> we<00:10:56.209> can<00:10:56.329> have<00:10:56.360> multiple 00:10:56.800 --> 00:10:56.810 align:start position:0% bonded in fact we can have multiple 00:10:56.810 --> 00:10:58.720 align:start position:0% bonded in fact we can have multiple aggregators<00:10:57.440> anyone<00:10:57.920> can<00:10:58.100> submit<00:10:58.279> new<00:10:58.490> blocks 00:10:58.720 --> 00:10:58.730 align:start position:0% aggregators anyone can submit new blocks 00:10:58.730 --> 00:11:00.760 align:start position:0% aggregators anyone can submit new blocks as<00:10:58.910> long<00:10:59.120> as<00:10:59.270> they<00:10:59.390> have<00:10:59.540> a<00:10:59.570> bond<00:10:59.899> now<00:11:00.470> we're 00:11:00.760 --> 00:11:00.770 align:start position:0% as long as they have a bond now we're 00:11:00.770 --> 00:11:02.350 align:start position:0% as long as they have a bond now we're going<00:11:00.920> to<00:11:01.010> you<00:11:01.400> know<00:11:01.490> enter<00:11:01.760> the<00:11:01.880> chain<00:11:02.089> pretty 00:11:02.350 --> 00:11:02.360 align:start position:0% going to you know enter the chain pretty 00:11:02.360 --> 00:11:03.819 align:start position:0% going to you know enter the chain pretty straightforward<00:11:02.959> we<00:11:03.079> can<00:11:03.260> you<00:11:03.380> know<00:11:03.500> send<00:11:03.740> a 00:11:03.819 --> 00:11:03.829 align:start position:0% straightforward we can you know send a 00:11:03.829 --> 00:11:05.230 align:start position:0% straightforward we can you know send a transaction<00:11:04.160> to<00:11:04.490> the<00:11:04.520> main<00:11:04.730> chain<00:11:05.000> and 00:11:05.230 --> 00:11:05.240 align:start position:0% transaction to the main chain and 00:11:05.240 --> 00:11:06.249 align:start position:0% transaction to the main chain and deposit<00:11:05.690> in 00:11:06.249 --> 00:11:06.259 align:start position:0% deposit in 00:11:06.259 --> 00:11:07.780 align:start position:0% deposit in where<00:11:06.319> you<00:11:06.410> can<00:11:06.589> just<00:11:06.769> receive<00:11:07.129> money<00:11:07.339> on<00:11:07.579> the 00:11:07.780 --> 00:11:07.790 align:start position:0% where you can just receive money on the 00:11:07.790 --> 00:11:09.639 align:start position:0% where you can just receive money on the chain<00:11:07.999> itself<00:11:08.329> you<00:11:08.749> know<00:11:08.839> either<00:11:09.109> way<00:11:09.410> works 00:11:09.639 --> 00:11:09.649 align:start position:0% chain itself you know either way works 00:11:09.649 --> 00:11:11.530 align:start position:0% chain itself you know either way works now<00:11:10.160> the<00:11:10.220> next<00:11:10.669> thing<00:11:10.759> is<00:11:10.819> we<00:11:11.029> can<00:11:11.179> send 00:11:11.530 --> 00:11:11.540 align:start position:0% now the next thing is we can send 00:11:11.540 --> 00:11:14.109 align:start position:0% now the next thing is we can send transactions<00:11:12.439> so<00:11:12.769> no<00:11:12.949> remember<00:11:13.519> this<00:11:13.699> is<00:11:13.879> that 00:11:14.109 --> 00:11:14.119 align:start position:0% transactions so no remember this is that 00:11:14.119 --> 00:11:15.549 align:start position:0% transactions so no remember this is that that<00:11:14.479> block<00:11:14.720> down<00:11:14.929> there<00:11:15.139> that<00:11:15.290> is<00:11:15.350> an 00:11:15.549 --> 00:11:15.559 align:start position:0% that block down there that is an 00:11:15.559 --> 00:11:17.109 align:start position:0% that block down there that is an optimistic<00:11:15.979> role<00:11:16.369> of<00:11:16.519> blocking<00:11:16.850> so<00:11:16.999> we're 00:11:17.109 --> 00:11:17.119 align:start position:0% optimistic role of blocking so we're 00:11:17.119 --> 00:11:18.939 align:start position:0% optimistic role of blocking so we're going<00:11:17.239> to<00:11:17.299> create<00:11:17.540> more<00:11:17.600> of<00:11:17.959> those<00:11:18.139> so<00:11:18.679> if 00:11:18.939 --> 00:11:18.949 align:start position:0% going to create more of those so if 00:11:18.949 --> 00:11:20.829 align:start position:0% going to create more of those so if alice<00:11:19.639> is<00:11:19.790> going<00:11:19.910> to<00:11:19.970> send<00:11:20.029> a<00:11:20.299> transaction<00:11:20.629> to 00:11:20.829 --> 00:11:20.839 align:start position:0% alice is going to send a transaction to 00:11:20.839 --> 00:11:22.840 align:start position:0% alice is going to send a transaction to the<00:11:20.929> aggregator<00:11:21.470> the<00:11:21.919> aggregator<00:11:22.369> is<00:11:22.579> going 00:11:22.840 --> 00:11:22.850 align:start position:0% the aggregator the aggregator is going 00:11:22.850 --> 00:11:25.809 align:start position:0% the aggregator the aggregator is going to<00:11:22.970> you<00:11:23.329> know<00:11:23.359> creating<00:11:24.169> an<00:11:24.979> updated<00:11:25.579> state 00:11:25.809 --> 00:11:25.819 align:start position:0% to you know creating an updated state 00:11:25.819 --> 00:11:27.309 align:start position:0% to you know creating an updated state route<00:11:26.059> they're<00:11:26.269> going<00:11:26.479> to<00:11:26.629> calculate<00:11:26.839> what 00:11:27.309 --> 00:11:27.319 align:start position:0% route they're going to calculate what 00:11:27.319 --> 00:11:29.379 align:start position:0% route they're going to calculate what the<00:11:27.470> actual<00:11:27.769> saver<00:11:28.129> it<00:11:28.309> is<00:11:28.399> notably<00:11:29.029> this<00:11:29.239> is 00:11:29.379 --> 00:11:29.389 align:start position:0% the actual saver it is notably this is 00:11:29.389 --> 00:11:31.779 align:start position:0% the actual saver it is notably this is an<00:11:29.479> account<00:11:29.839> model<00:11:30.109> not<00:11:30.769> a<00:11:30.799> UT<00:11:31.220> Excel<00:11:31.489> model 00:11:31.779 --> 00:11:31.789 align:start position:0% an account model not a UT Excel model 00:11:31.789 --> 00:11:33.489 align:start position:0% an account model not a UT Excel model that<00:11:31.910> is<00:11:32.029> kind<00:11:32.209> of<00:11:32.269> more<00:11:32.720> familiar<00:11:33.109> in<00:11:33.199> plasma 00:11:33.489 --> 00:11:33.499 align:start position:0% that is kind of more familiar in plasma 00:11:33.499 --> 00:11:34.809 align:start position:0% that is kind of more familiar in plasma because<00:11:33.769> we<00:11:33.889> can<00:11:34.069> do<00:11:34.279> that<00:11:34.489> with<00:11:34.699> this 00:11:34.809 --> 00:11:34.819 align:start position:0% because we can do that with this 00:11:34.819 --> 00:11:36.879 align:start position:0% because we can do that with this technology<00:11:35.389> we're<00:11:35.899> going<00:11:36.139> to<00:11:36.259> commit<00:11:36.829> to 00:11:36.879 --> 00:11:36.889 align:start position:0% technology we're going to commit to 00:11:36.889 --> 00:11:38.710 align:start position:0% technology we're going to commit to these<00:11:37.129> transactions<00:11:37.759> and<00:11:37.970> intermediate 00:11:38.710 --> 00:11:38.720 align:start position:0% these transactions and intermediate 00:11:38.720 --> 00:11:40.629 align:start position:0% these transactions and intermediate state<00:11:39.049> routes<00:11:39.350> so<00:11:39.829> that<00:11:39.859> we<00:11:40.129> can<00:11:40.279> prove 00:11:40.629 --> 00:11:40.639 align:start position:0% state routes so that we can prove 00:11:40.639 --> 00:11:43.119 align:start position:0% state routes so that we can prove invalidity<00:11:41.209> in<00:11:41.419> one<00:11:41.689> step<00:11:41.989> then<00:11:42.589> we<00:11:42.799> are<00:11:42.919> going 00:11:43.119 --> 00:11:43.129 align:start position:0% invalidity in one step then we are going 00:11:43.129 --> 00:11:44.769 align:start position:0% invalidity in one step then we are going to<00:11:43.249> submit<00:11:43.579> that<00:11:43.729> as<00:11:43.910> a<00:11:44.059> block<00:11:44.269> to<00:11:44.449> aetherium 00:11:44.769 --> 00:11:44.779 align:start position:0% to submit that as a block to aetherium 00:11:44.779 --> 00:11:46.629 align:start position:0% to submit that as a block to aetherium submitting<00:11:45.649> the<00:11:45.739> block<00:11:45.919> to<00:11:46.100> etherium<00:11:46.489> we're 00:11:46.629 --> 00:11:46.639 align:start position:0% submitting the block to etherium we're 00:11:46.639 --> 00:11:48.969 align:start position:0% submitting the block to etherium we're going<00:11:46.850> to<00:11:46.970> create<00:11:47.359> a<00:11:47.629> Merkel<00:11:48.079> tree<00:11:48.379> of<00:11:48.529> that 00:11:48.969 --> 00:11:48.979 align:start position:0% going to create a Merkel tree of that 00:11:48.979 --> 00:11:50.739 align:start position:0% going to create a Merkel tree of that block<00:11:49.369> which<00:11:49.609> is<00:11:49.639> the<00:11:49.970> probably<00:11:50.509> the<00:11:50.629> most 00:11:50.739 --> 00:11:50.749 align:start position:0% block which is the probably the most 00:11:50.749 --> 00:11:52.179 align:start position:0% block which is the probably the most confusing<00:11:51.259> part<00:11:51.559> because<00:11:51.799> we're<00:11:51.949> doing<00:11:52.039> a 00:11:52.179 --> 00:11:52.189 align:start position:0% confusing part because we're doing a 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position:0% four layers and Merkel trees here we're going<00:11:56.839> to<00:11:56.959> then<00:11:57.169> add<00:11:57.379> it<00:11:57.619> to<00:11:57.649> a<00:11:57.829> smart<00:11:58.249> contract 00:11:58.449 --> 00:11:58.459 align:start position:0% going to then add it to a smart contract 00:11:58.459 --> 00:12:00.429 align:start position:0% going to then add it to a smart contract with<00:11:58.910> a<00:11:58.939> large<00:11:59.359> number<00:11:59.569> of<00:11:59.749> blocks<00:11:59.989> it<00:12:00.319> is 00:12:00.429 --> 00:12:00.439 align:start position:0% with a large number of blocks it is 00:12:00.439 --> 00:12:02.139 align:start position:0% with a large number of blocks it is constant<00:12:01.009> sized<00:12:01.220> and<00:12:01.489> so<00:12:01.579> we<00:12:01.699> get<00:12:01.819> to<00:12:01.939> save<00:12:02.119> a 00:12:02.139 --> 00:12:02.149 align:start position:0% constant sized and so we get to save a 00:12:02.149 --> 00:12:04.059 align:start position:0% constant sized and so we get to save a lot<00:12:02.419> of<00:12:02.539> gas<00:12:02.689> about<00:12:02.869> the<00:12:03.319> exactions<00:12:03.769> actions 00:12:04.059 --> 00:12:04.069 align:start position:0% lot of gas about the exactions actions 00:12:04.069 --> 00:12:05.859 align:start position:0% lot of gas about the exactions actions per<00:12:04.189> second<00:12:04.429> that<00:12:04.519> we<00:12:04.579> get<00:12:04.729> later<00:12:04.970> and<00:12:05.269> now 00:12:05.859 --> 00:12:05.869 align:start position:0% per second that we get later and now 00:12:05.869 --> 00:12:08.349 align:start position:0% per second that we get later and now we're<00:12:06.470> going<00:12:06.649> to<00:12:07.009> submit<00:12:07.279> that<00:12:07.429> block<00:12:07.819> great 00:12:08.349 --> 00:12:08.359 align:start position:0% we're going to submit that block great 00:12:08.359 --> 00:12:10.029 align:start position:0% we're going to submit that block great we've<00:12:08.779> done<00:12:08.959> it<00:12:09.109> and<00:12:09.199> so<00:12:09.259> we<00:12:09.439> can<00:12:09.470> download 00:12:10.029 --> 00:12:10.039 align:start position:0% we've done it and so we can download 00:12:10.039 --> 00:12:11.859 align:start position:0% we've done it and so we can download that<00:12:10.369> block<00:12:10.579> off<00:12:10.789> chain<00:12:11.119> calculator<00:12:11.660> off 00:12:11.859 --> 00:12:11.869 align:start position:0% that block off chain calculator off 00:12:11.869 --> 00:12:14.139 align:start position:0% that block off chain calculator off change<00:12:12.109> state<00:12:12.379> and<00:12:12.589> we<00:12:12.739> are<00:12:12.859> set<00:12:13.189> and<00:12:13.369> good<00:12:13.669> to 00:12:14.139 --> 00:12:14.149 align:start position:0% change state and we are set and good to 00:12:14.149 --> 00:12:16.210 align:start position:0% change state and we are set and good to go<00:12:14.480> now<00:12:15.019> we're<00:12:15.259> going<00:12:15.350> to<00:12:15.410> interact<00:12:15.739> with<00:12:16.039> the 00:12:16.210 --> 00:12:16.220 align:start position:0% go now we're going to interact with the 00:12:16.220 --> 00:12:17.769 align:start position:0% go now we're going to interact with the smart<00:12:16.459> contract<00:12:16.609> pretty<00:12:17.269> straightforward 00:12:17.769 --> 00:12:17.779 align:start position:0% smart contract pretty straightforward 00:12:17.779 --> 00:12:19.239 align:start position:0% smart contract pretty straightforward someone<00:12:18.019> deployed<00:12:18.289> a<00:12:18.319> smart<00:12:18.649> contract<00:12:19.100> to 00:12:19.239 --> 00:12:19.249 align:start position:0% someone deployed a smart contract to 00:12:19.249 --> 00:12:20.739 align:start position:0% someone deployed a smart contract to aetherium<00:12:19.730> the<00:12:19.910> same<00:12:20.119> thing<00:12:20.359> that<00:12:20.449> you<00:12:20.569> do 00:12:20.739 --> 00:12:20.749 align:start position:0% aetherium the same thing that you do 00:12:20.749 --> 00:12:22.960 align:start position:0% aetherium the same thing that you do that<00:12:21.019> there<00:12:21.529> you<00:12:21.739> do<00:12:21.919> an<00:12:22.069> optimistic<00:12:22.459> roll-up 00:12:22.960 --> 00:12:22.970 align:start position:0% that there you do an optimistic roll-up 00:12:22.970 --> 00:12:25.359 align:start position:0% that there you do an optimistic roll-up it<00:12:23.089> goes<00:12:23.239> off<00:12:23.449> chain<00:12:23.779> now<00:12:24.319> someone<00:12:25.009> sends<00:12:25.249> the 00:12:25.359 --> 00:12:25.369 align:start position:0% it goes off chain now someone sends the 00:12:25.369 --> 00:12:27.400 align:start position:0% it goes off chain now someone sends the transaction<00:12:25.939> to<00:12:26.059> unis<00:12:26.299> WAP<00:12:26.480> off<00:12:26.689> chain<00:12:26.959> the 00:12:27.400 --> 00:12:27.410 align:start position:0% transaction to unis WAP off chain the 00:12:27.410 --> 00:12:29.650 align:start position:0% transaction to unis WAP off chain the unit<00:12:27.889> swap<00:12:28.069> balances<00:12:28.609> get<00:12:28.850> computed<00:12:29.359> you<00:12:29.569> know 00:12:29.650 --> 00:12:29.660 align:start position:0% unit swap balances get computed you know 00:12:29.660 --> 00:12:32.019 align:start position:0% unit swap balances get computed you know any<00:12:29.869> smart<00:12:30.230> contract<00:12:30.619> our<00:12:30.769> execution<00:12:31.669> gets 00:12:32.019 --> 00:12:32.029 align:start position:0% any smart contract our execution gets 00:12:32.029 --> 00:12:34.029 align:start position:0% any smart contract our execution gets computed<00:12:32.480> and<00:12:32.600> we<00:12:33.139> compute<00:12:33.529> a<00:12:33.619> new<00:12:33.769> state 00:12:34.029 --> 00:12:34.039 align:start position:0% computed and we compute a new state 00:12:34.039 --> 00:12:35.229 align:start position:0% computed and we compute a new state route<00:12:34.249> and<00:12:34.399> we're<00:12:34.759> good<00:12:34.910> to<00:12:35.059> go 00:12:35.229 --> 00:12:35.239 align:start position:0% route and we're good to go 00:12:35.239 --> 00:12:37.210 align:start position:0% route and we're good to go we<00:12:35.419> submit<00:12:35.809> we<00:12:35.959> commit<00:12:36.319> to<00:12:36.559> that<00:12:36.679> that<00:12:37.039> new 00:12:37.210 --> 00:12:37.220 align:start position:0% we submit we commit to that that new 00:12:37.220 --> 00:12:38.859 align:start position:0% we submit we commit to that that new state<00:12:37.489> route<00:12:37.699> and<00:12:37.879> now<00:12:38.149> we<00:12:38.209> submit<00:12:38.539> all<00:12:38.839> of 00:12:38.859 --> 00:12:38.869 align:start position:0% state route and now we submit all of 00:12:38.869 --> 00:12:41.019 align:start position:0% state route and now we submit all of that<00:12:39.109> in<00:12:39.289> a<00:12:39.379> roll-up<00:12:39.679> block<00:12:39.889> and<00:12:40.100> we<00:12:40.549> are<00:12:40.699> set 00:12:41.019 --> 00:12:41.029 align:start position:0% that in a roll-up block and we are set 00:12:41.029 --> 00:12:42.639 align:start position:0% that in a roll-up block and we are set and<00:12:41.239> we<00:12:41.329> you<00:12:41.539> know<00:12:41.569> of<00:12:41.749> course<00:12:41.929> update<00:12:42.559> our 00:12:42.639 --> 00:12:42.649 align:start position:0% and we you know of course update our 00:12:42.649 --> 00:12:44.679 align:start position:0% and we you know of course update our balances<00:12:43.100> once<00:12:43.279> again<00:12:43.609> now<00:12:44.239> we're<00:12:44.539> going<00:12:44.629> to 00:12:44.679 --> 00:12:44.689 align:start position:0% balances once again now we're going to 00:12:44.689 --> 00:12:46.539 align:start position:0% balances once again now we're going to do<00:12:44.869> something<00:12:45.109> bad<00:12:45.499> the<00:12:45.829> aggregator<00:12:46.309> is<00:12:46.429> going 00:12:46.539 --> 00:12:46.549 align:start position:0% do something bad the aggregator is going 00:12:46.549 --> 00:12:49.479 align:start position:0% do something bad the aggregator is going to<00:12:46.609> be<00:12:46.699> evil<00:12:47.209> evil<00:12:47.720> malicious<00:12:48.109> so<00:12:48.859> now<00:12:49.100> what<00:12:49.399> is 00:12:49.479 --> 00:12:49.489 align:start position:0% to be evil evil malicious so now what is 00:12:49.489 --> 00:12:51.159 align:start position:0% to be evil evil malicious so now what is going<00:12:49.579> to<00:12:49.669> happen<00:12:49.879> well<00:12:50.329> we're<00:12:50.839> going<00:12:51.079> to 00:12:51.159 --> 00:12:51.169 align:start position:0% going to happen well we're going to 00:12:51.169 --> 00:12:53.499 align:start position:0% going to happen well we're going to create<00:12:51.439> an<00:12:51.709> invalid<00:12:52.459> transaction<00:12:53.089> we're 00:12:53.499 --> 00:12:53.509 align:start position:0% create an invalid transaction we're 00:12:53.509 --> 00:12:55.479 align:start position:0% create an invalid transaction we're going<00:12:53.749> to<00:12:53.869> create<00:12:54.169> an<00:12:54.350> invalid<00:12:54.919> state<00:12:55.220> route 00:12:55.479 --> 00:12:55.489 align:start position:0% going to create an invalid state route 00:12:55.489 --> 00:12:57.369 align:start position:0% going to create an invalid state route compute<00:12:56.239> that<00:12:56.389> state<00:12:56.720> route<00:12:56.929> and<00:12:57.139> we're<00:12:57.259> gonna 00:12:57.369 --> 00:12:57.379 align:start position:0% compute that state route and we're gonna 00:12:57.379 --> 00:12:59.679 align:start position:0% compute that state route and we're gonna place<00:12:57.859> it<00:12:57.889> on<00:12:58.189> to<00:12:58.399> the<00:12:58.489> main<00:12:58.699> chain<00:12:59.029> as<00:12:59.269> a<00:12:59.449> block 00:12:59.679 --> 00:12:59.689 align:start position:0% place it on to the main chain as a block 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invalid 00:13:04.809 --> 00:13:04.819 align:start position:0% invalid 00:13:04.819 --> 00:13:06.849 align:start position:0% invalid you<00:13:05.029> know<00:13:05.149> from<00:13:05.389> either<00:13:05.659> scan<00:13:05.989> to<00:13:06.199> you<00:13:06.409> to<00:13:06.709> your 00:13:06.849 --> 00:13:06.859 align:start position:0% you know from either scan to you to your 00:13:06.859 --> 00:13:08.379 align:start position:0% you know from either scan to you to your and<00:13:07.009> Fuhrer<00:13:07.279> to<00:13:07.489> every<00:13:07.789> full<00:13:08.029> node<00:13:08.239> that's 00:13:08.379 --> 00:13:08.389 align:start position:0% and Fuhrer to every full node that's 00:13:08.389 --> 00:13:10.149 align:start position:0% and Fuhrer to every full node that's running<00:13:08.779> in<00:13:08.869> a<00:13:08.929> full<00:13:09.139> node<00:13:09.350> optimistic<00:13:10.009> roll 00:13:10.149 --> 00:13:10.159 align:start position:0% running in a full node optimistic roll 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lot<00:13:16.100> easier<00:13:16.519> because<00:13:16.669> honestly<00:13:17.239> these 00:13:17.499 --> 00:13:17.509 align:start position:0% it a lot easier because honestly these 00:13:17.509 --> 00:13:19.689 align:start position:0% it a lot easier because honestly these programs<00:13:18.019> these<00:13:18.409> protocols<00:13:18.739> are<00:13:19.009> too<00:13:19.129> hard<00:13:19.429> to 00:13:19.689 --> 00:13:19.699 align:start position:0% programs these protocols are too hard to 00:13:19.699 --> 00:13:21.489 align:start position:0% programs these protocols are too hard to build<00:13:19.850> they're<00:13:20.299> way<00:13:20.449> too<00:13:20.480> hard<00:13:20.959> to<00:13:21.019> build<00:13:21.230> I've 00:13:21.489 --> 00:13:21.499 align:start position:0% build they're way too hard to build I've 00:13:21.499 --> 00:13:23.109 align:start position:0% build they're way too hard to build I've done<00:13:21.649> too<00:13:21.859> much<00:13:22.040> work<00:13:22.309> and<00:13:22.519> I<00:13:22.730> haven't<00:13:22.999> seen 00:13:23.109 --> 00:13:23.119 align:start position:0% done too much work and I haven't seen 00:13:23.119 --> 00:13:24.849 align:start position:0% done too much work and I haven't seen enough<00:13:23.329> progress<00:13:23.779> but<00:13:24.350> now<00:13:24.499> they're<00:13:24.739> way 00:13:24.849 --> 00:13:24.859 align:start position:0% enough progress but now they're way 00:13:24.859 --> 00:13:27.309 align:start position:0% enough progress but now they're way easier<00:13:25.220> cuz<00:13:25.459> we<00:13:25.609> made<00:13:25.819> simplifications<00:13:26.720> so 00:13:27.309 --> 00:13:27.319 align:start position:0% easier cuz we made simplifications so 00:13:27.319 --> 00:13:28.989 align:start position:0% easier cuz we made simplifications so now<00:13:27.470> we<00:13:27.529> submit<00:13:28.009> this<00:13:28.129> validity<00:13:28.609> proof<00:13:28.819> I'm 00:13:28.989 --> 00:13:28.999 align:start position:0% now we submit this validity proof I'm 00:13:28.999 --> 00:13:30.340 align:start position:0% now we submit this validity proof I'm not<00:13:29.149> even<00:13:29.359> gonna<00:13:29.449> explain<00:13:29.660> it<00:13:29.929> because<00:13:30.199> it's 00:13:30.340 --> 00:13:30.350 align:start position:0% not even gonna explain it because it's 00:13:30.350 --> 00:13:32.289 align:start position:0% not even gonna explain it because it's just<00:13:30.470> so<00:13:30.679> ridiculously<00:13:31.309> you<00:13:31.699> know<00:13:31.819> like 00:13:32.289 --> 00:13:32.299 align:start position:0% just so ridiculously you know like 00:13:32.299 --> 00:13:33.939 align:start position:0% just so ridiculously you know like complicated<00:13:32.899> but<00:13:32.989> you<00:13:33.049> can<00:13:33.259> read<00:13:33.470> the<00:13:33.649> smart 00:13:33.939 --> 00:13:33.949 align:start position:0% complicated but you can read the smart 00:13:33.949 --> 00:13:36.099 align:start position:0% complicated but you can read the smart contract<00:13:34.249> and<00:13:34.759> we<00:13:35.149> will<00:13:35.359> have<00:13:35.629> it<00:13:35.779> formally 00:13:36.099 --> 00:13:36.109 align:start position:0% contract and we will have it formally 00:13:36.109 --> 00:13:37.989 align:start position:0% contract and we will have it formally verified<00:13:36.139> because<00:13:36.679> formal<00:13:37.220> verification<00:13:37.369> is 00:13:37.989 --> 00:13:37.999 align:start position:0% verified because formal verification is 00:13:37.999 --> 00:13:40.150 align:start position:0% verified because formal verification is important<00:13:38.540> but<00:13:38.869> that<00:13:38.899> verification<00:13:39.649> is<00:13:40.009> not 00:13:40.150 --> 00:13:40.160 align:start position:0% important but that verification is not 00:13:40.160 --> 00:13:42.009 align:start position:0% important but that verification is not validation<00:13:40.759> you<00:13:40.879> should<00:13:41.029> read<00:13:41.179> about<00:13:41.299> it<00:13:41.569> now 00:13:42.009 --> 00:13:42.019 align:start position:0% validation you should read about it now 00:13:42.019 --> 00:13:44.829 align:start position:0% validation you should read about it now also<00:13:42.290> the<00:13:43.100> you<00:13:43.759> we're<00:13:44.089> gonna<00:13:44.179> burn<00:13:44.509> the 00:13:44.829 --> 00:13:44.839 align:start position:0% also the you we're gonna burn the 00:13:44.839 --> 00:13:46.569 align:start position:0% also the you we're gonna burn the aggregator<00:13:45.350> deposit<00:13:45.919> because<00:13:46.160> we're<00:13:46.309> this<00:13:46.429> is 00:13:46.569 --> 00:13:46.579 align:start position:0% aggregator deposit because we're this is 00:13:46.579 --> 00:13:48.970 align:start position:0% aggregator deposit because we're this is a<00:13:46.609> totally<00:13:47.329> totally<00:13:48.049> attributable<00:13:48.499> fault<00:13:48.769> and 00:13:48.970 --> 00:13:48.980 align:start position:0% a totally totally attributable fault and 00:13:48.980 --> 00:13:51.280 align:start position:0% a totally totally attributable fault and we<00:13:49.639> all<00:13:49.759> have<00:13:49.879> a<00:13:49.910> challenge<00:13:50.329> successful<00:13:50.839> so 00:13:51.280 --> 00:13:51.290 align:start position:0% we all have a challenge successful so 00:13:51.290 --> 00:13:53.079 align:start position:0% we all have a challenge successful so great<00:13:51.529> we<00:13:51.679> can<00:13:51.799> delete<00:13:52.100> that<00:13:52.249> block<00:13:52.519> and<00:13:52.790> we 00:13:53.079 --> 00:13:53.089 align:start position:0% great we can delete that block and we 00:13:53.089 --> 00:13:54.879 align:start position:0% great we can delete that block and we can<00:13:53.269> continue<00:13:53.689> moving<00:13:53.959> the<00:13:54.169> aggregator<00:13:54.649> got 00:13:54.879 --> 00:13:54.889 align:start position:0% can continue moving the aggregator got 00:13:54.889 --> 00:13:56.499 align:start position:0% can continue moving the aggregator got screwed<00:13:55.160> but<00:13:55.309> there's<00:13:55.519> another<00:13:55.850> aggregator 00:13:56.499 --> 00:13:56.509 align:start position:0% screwed but there's another aggregator 00:13:56.509 --> 00:13:58.929 align:start position:0% screwed but there's another aggregator to<00:13:56.749> take<00:13:56.989> its<00:13:57.139> place<00:13:57.290> anyone<00:13:58.189> keeps<00:13:58.699> going 00:13:58.929 --> 00:13:58.939 align:start position:0% to take its place anyone keeps going 00:13:58.939 --> 00:14:01.479 align:start position:0% to take its place anyone keeps going great<00:13:59.449> success<00:13:59.959> you<00:14:00.470> know<00:14:00.619> it's<00:14:00.859> very<00:14:00.949> good<00:14:01.309> so 00:14:01.479 --> 00:14:01.489 align:start position:0% great success you know it's very good so 00:14:01.489 --> 00:14:03.400 align:start position:0% great success you know it's very good so if<00:14:01.579> you<00:14:01.699> don't<00:14:01.939> understand<00:14:02.540> what<00:14:02.899> I<00:14:02.929> just<00:14:03.199> said 00:14:03.400 --> 00:14:03.410 align:start position:0% if you don't understand what I just said 00:14:03.410 --> 00:14:06.249 align:start position:0% if you don't understand what I just said which<00:14:03.589> no<00:14:03.859> one<00:14:04.040> did<00:14:04.279> then<00:14:04.850> you<00:14:05.209> can<00:14:05.449> just<00:14:05.749> think 00:14:06.249 --> 00:14:06.259 align:start position:0% which no one did then you can just think 00:14:06.259 --> 00:14:08.799 align:start position:0% which no one did then you can just think we<00:14:06.649> put<00:14:06.919> a<00:14:06.949> blockchain<00:14:07.339> on<00:14:07.879> the<00:14:08.480> blockchain 00:14:08.799 --> 00:14:08.809 align:start position:0% we put a blockchain on the blockchain 00:14:08.809 --> 00:14:12.369 align:start position:0% we put a blockchain on the blockchain it's<00:14:09.739> real<00:14:10.009> easy<00:14:10.369> everybody<00:14:11.119> put<00:14:11.749> it<00:14:11.869> in<00:14:12.079> the 00:14:12.369 --> 00:14:12.379 align:start position:0% it's real easy everybody put it in the 00:14:12.379 --> 00:14:14.979 align:start position:0% it's real easy everybody put it in the end<00:14:12.589> in<00:14:13.069> there's<00:14:13.730> the<00:14:13.970> Fibonacci<00:14:14.389> there's<00:14:14.779> the 00:14:14.979 --> 00:14:14.989 align:start position:0% end in there's the Fibonacci there's the 00:14:14.989 --> 00:14:26.429 align:start position:0% end in there's the Fibonacci there's the the<00:14:15.470> golden<00:14:15.709> ratio<00:14:16.040> breathe<00:14:16.730> deeply 00:14:26.429 --> 00:14:26.439 align:start position:0% 00:14:26.439 --> 00:14:33.069 align:start position:0% but<00:14:27.439> can<00:14:27.769> it<00:14:28.129> run<00:14:28.399> Yuna<00:14:29.029> swap<00:14:30.789> yes<00:14:31.789> my<00:14:32.269> gosh<00:14:32.600> of 00:14:33.069 --> 00:14:33.079 align:start position:0% but can it run Yuna swap yes my gosh of 00:14:33.079 --> 00:14:34.869 align:start position:0% but can it run Yuna swap yes my gosh of course<00:14:33.350> it<00:14:33.589> can<00:14:33.679> run<00:14:33.859> you<00:14:33.980> in<00:14:34.069> a<00:14:34.129> swap<00:14:34.339> that's 00:14:34.869 --> 00:14:34.879 align:start position:0% course it can run you in a swap that's 00:14:34.879 --> 00:14:37.389 align:start position:0% course it can run you in a swap that's why<00:14:35.059> we<00:14:35.269> did<00:14:35.449> it<00:14:35.480> it's<00:14:36.109> very<00:14:36.319> very<00:14:36.439> hard<00:14:36.919> to<00:14:37.039> do 00:14:37.389 --> 00:14:37.399 align:start position:0% why we did it it's very very hard to do 00:14:37.399 --> 00:14:42.279 align:start position:0% why we did it it's very very hard to do Oh<00:14:38.649> oh<00:14:39.649> my<00:14:40.160> god<00:14:40.399> I'm<00:14:40.579> exhausted<00:14:40.850> well<00:14:41.289> okay 00:14:42.279 --> 00:14:42.289 align:start position:0% Oh oh my god I'm exhausted well okay 00:14:42.289 --> 00:14:45.309 align:start position:0% Oh oh my god I'm exhausted well okay well<00:14:43.279> not<00:14:43.639> only<00:14:43.879> can<00:14:44.419> it<00:14:44.629> run<00:14:44.779> you<00:14:44.959> in<00:14:45.019> a<00:14:45.109> swap 00:14:45.309 --> 00:14:45.319 align:start position:0% well not only can it run you in a swap 00:14:45.319 --> 00:14:47.889 align:start position:0% well not only can it run you in a swap but<00:14:46.039> we<00:14:46.220> built<00:14:46.609> it<00:14:46.850> in<00:14:47.029> the<00:14:47.359> past<00:14:47.569> like<00:14:47.869> month 00:14:47.889 --> 00:14:47.899 align:start position:0% but we built it in the past like month 00:14:47.899 --> 00:14:49.569 align:start position:0% but we built it in the past like month and<00:14:48.379> a<00:14:48.410> half<00:14:48.439> or<00:14:48.859> something<00:14:48.980> we<00:14:49.249> were<00:14:49.339> very 00:14:49.569 --> 00:14:49.579 align:start position:0% and a half or something we were very 00:14:49.579 --> 00:14:52.049 align:start position:0% and a half or something we were very hard<00:14:49.939> you<00:14:50.179> know<00:14:50.209> shout<00:14:50.509> out<00:14:50.660> to<00:14:50.869> everyone<00:14:51.619> will 00:14:52.049 --> 00:14:52.059 align:start position:0% hard you know shout out to everyone will 00:14:52.059 --> 00:14:57.189 align:start position:0% hard you know shout out to everyone will and<00:14:53.889> and<00:14:54.939> in<00:14:55.939> the<00:14:56.119> end<00:14:56.389> the<00:14:56.449> unit<00:14:56.660> swap<00:14:56.809> team<00:14:56.989> so 00:14:57.189 --> 00:14:57.199 align:start position:0% and and in the end the unit swap team so 00:14:57.199 --> 00:15:00.279 align:start position:0% and and in the end the unit swap team so sorry<00:14:57.470> we<00:14:57.709> collaborated<00:14:58.699> with<00:14:58.939> the<00:14:59.749> unit<00:15:00.079> swap 00:15:00.279 --> 00:15:00.289 align:start position:0% sorry we collaborated with the unit swap 00:15:00.289 --> 00:15:02.889 align:start position:0% sorry we collaborated with the unit swap team<00:15:00.649> us<00:15:00.919> plasma<00:15:01.609> group<00:15:01.819> them<00:15:02.329> you<00:15:02.539> know<00:15:02.689> swap 00:15:02.889 --> 00:15:02.899 align:start position:0% team us plasma group them you know swap 00:15:02.899 --> 00:15:05.579 align:start position:0% team us plasma group them you know swap and<00:15:03.139> we<00:15:03.559> created<00:15:04.129> unit<00:15:04.669> pig<00:15:04.819> not<00:15:04.999> exchange 00:15:05.579 --> 00:15:05.589 align:start position:0% and we created unit pig not exchange 00:15:05.589 --> 00:15:08.049 align:start position:0% and we created unit pig not exchange everyone<00:15:06.589> in<00:15:06.739> this<00:15:06.859> audience<00:15:07.039> has<00:15:07.429> used<00:15:07.699> it<00:15:07.879> I 00:15:08.049 --> 00:15:08.059 align:start position:0% everyone in this audience has used it I 00:15:08.059 --> 00:15:10.509 align:start position:0% everyone in this audience has used it I heard<00:15:08.319> right<00:15:09.319> everyone's<00:15:10.009> used<00:15:10.189> if<00:15:10.339> you 00:15:10.509 --> 00:15:10.519 align:start position:0% heard right everyone's used if you 00:15:10.519 --> 00:15:12.789 align:start position:0% heard right everyone's used if you haven't<00:15:10.999> used<00:15:11.149> it<00:15:11.359> you<00:15:11.839> have<00:15:12.049> to<00:15:12.169> go<00:15:12.289> to<00:15:12.350> unipeg 00:15:12.789 --> 00:15:12.799 align:start position:0% haven't used it you have to go to unipeg 00:15:12.799 --> 00:15:15.309 align:start position:0% haven't used it you have to go to unipeg dot<00:15:13.039> exchange<00:15:13.549> and<00:15:13.789> support<00:15:14.480> the<00:15:14.689> team<00:15:14.720> piggy 00:15:15.309 --> 00:15:15.319 align:start position:0% dot exchange and support the team piggy 00:15:15.319 --> 00:15:18.549 align:start position:0% dot exchange and support the team piggy there<00:15:15.649> are<00:15:15.739> two<00:15:15.980> tokens<00:15:16.579> one<00:15:17.179> pig<00:15:17.509> one<00:15:18.139> uni 00:15:18.549 --> 00:15:18.559 align:start position:0% there are two tokens one pig one uni 00:15:18.559 --> 00:15:20.710 align:start position:0% there are two tokens one pig one uni what<00:15:19.039> you<00:15:19.160> do<00:15:19.339> is<00:15:19.519> you<00:15:19.639> get<00:15:19.759> air-dropped<00:15:20.329> piggy 00:15:20.710 --> 00:15:20.720 align:start position:0% what you do is you get air-dropped piggy 00:15:20.720 --> 00:15:23.799 align:start position:0% what you do is you get air-dropped piggy and<00:15:20.869> uni<00:15:21.259> and<00:15:21.439> you<00:15:21.859> dump<00:15:22.309> the<00:15:22.819> Uni<00:15:23.269> that's<00:15:23.600> the 00:15:23.799 --> 00:15:23.809 align:start position:0% and uni and you dump the Uni that's the 00:15:23.809 --> 00:15:25.689 align:start position:0% and uni and you dump the Uni that's the game<00:15:24.019> you<00:15:24.439> know<00:15:24.739> I'm<00:15:25.009> just<00:15:25.189> kidding<00:15:25.459> you<00:15:25.579> can 00:15:25.689 --> 00:15:25.699 align:start position:0% game you know I'm just kidding you can 00:15:25.699 --> 00:15:27.879 align:start position:0% game you know I'm just kidding you can you<00:15:25.939> can<00:15:26.089> you<00:15:26.329> can<00:15:26.480> you<00:15:26.749> can<00:15:26.929> dump<00:15:27.529> the<00:15:27.679> piggy 00:15:27.879 --> 00:15:27.889 align:start position:0% you can you can you can dump the piggy 00:15:27.889 --> 00:15:29.979 align:start position:0% you can you can you can dump the piggy if<00:15:28.069> you<00:15:28.189> want<00:15:28.399> but<00:15:28.699> you<00:15:29.119> know<00:15:29.239> and<00:15:29.449> notably 00:15:29.979 --> 00:15:29.989 align:start position:0% if you want but you know and notably 00:15:29.989 --> 00:15:32.740 align:start position:0% if you want but you know and notably we're<00:15:30.709> doing<00:15:31.009> this<00:15:31.129> and<00:15:31.309> we're<00:15:31.519> solving<00:15:31.939> those 00:15:32.740 --> 00:15:32.750 align:start position:0% we're doing this and we're solving those 00:15:32.750 --> 00:15:34.450 align:start position:0% we're doing this and we're solving those horrible<00:15:32.990> UX<00:15:33.350> problems<00:15:33.830> that<00:15:34.010> I<00:15:34.040> talked<00:15:34.370> about 00:15:34.450 --> 00:15:34.460 align:start position:0% horrible UX problems that I talked about 00:15:34.460 --> 00:15:36.340 align:start position:0% horrible UX problems that I talked about in<00:15:34.730> the<00:15:34.820> beginning<00:15:34.910> for<00:15:35.300> instance<00:15:35.570> there<00:15:36.320> is 00:15:36.340 --> 00:15:36.350 align:start position:0% in the beginning for instance there is 00:15:36.350 --> 00:15:38.950 align:start position:0% in the beginning for instance there is no<00:15:36.470> approve<00:15:37.190> all<00:15:37.520> you<00:15:38.210> know<00:15:38.330> approve<00:15:38.780> all 00:15:38.950 --> 00:15:38.960 align:start position:0% no approve all you know approve all 00:15:38.960 --> 00:15:40.540 align:start position:0% no approve all you know approve all tokens<00:15:39.350> of<00:15:39.440> course<00:15:39.680> you<00:15:39.800> can<00:15:39.920> solve<00:15:40.160> this<00:15:40.340> on 00:15:40.540 --> 00:15:40.550 align:start position:0% tokens of course you can solve this on 00:15:40.550 --> 00:15:41.980 align:start position:0% tokens of course you can solve this on maintain<00:15:40.940> a<00:15:40.970> theorem<00:15:41.270> and<00:15:41.360> you<00:15:41.450> should<00:15:41.720> don't 00:15:41.980 --> 00:15:41.990 align:start position:0% maintain a theorem and you should don't 00:15:41.990 --> 00:15:43.570 align:start position:0% maintain a theorem and you should don't don't<00:15:42.230> do<00:15:42.380> they<00:15:42.560> approve<00:15:42.860> all<00:15:43.010> things<00:15:43.250> it's 00:15:43.570 --> 00:15:43.580 align:start position:0% don't do they approve all things it's 00:15:43.580 --> 00:15:45.550 align:start position:0% don't do they approve all things it's just<00:15:43.820> very<00:15:43.940> scary<00:15:44.300> unless<00:15:45.290> you're<00:15:45.440> really 00:15:45.550 --> 00:15:45.560 align:start position:0% just very scary unless you're really 00:15:45.560 --> 00:15:47.680 align:start position:0% just very scary unless you're really confident<00:15:46.100> maybe<00:15:46.790> don't<00:15:47.060> do<00:15:47.180> it<00:15:47.270> anyway 00:15:47.680 --> 00:15:47.690 align:start position:0% confident maybe don't do it anyway 00:15:47.690 --> 00:15:50.560 align:start position:0% confident maybe don't do it anyway another<00:15:48.650> thing<00:15:48.920> is<00:15:49.190> we<00:15:49.550> get<00:15:49.760> you<00:15:50.030> know<00:15:50.060> pretty 00:15:50.560 --> 00:15:50.570 align:start position:0% another thing is we get you know pretty 00:15:50.570 --> 00:15:52.120 align:start position:0% another thing is we get you know pretty good<00:15:50.810> transactions<00:15:51.410> per<00:15:51.620> second<00:15:51.980> we're<00:15:52.100> not 00:15:52.120 --> 00:15:52.130 align:start position:0% good transactions per second we're not 00:15:52.130 --> 00:15:54.610 align:start position:0% good transactions per second we're not at<00:15:52.490> plasma<00:15:53.120> infinity<00:15:53.630> scale<00:15:53.900> but<00:15:54.170> we<00:15:54.260> can<00:15:54.440> get 00:15:54.610 --> 00:15:54.620 align:start position:0% at plasma infinity scale but we can get 00:15:54.620 --> 00:15:57.220 align:start position:0% at plasma infinity scale but we can get you<00:15:55.010> know<00:15:55.040> easily<00:15:55.580> 200<00:15:56.450> transactions<00:15:57.050> per 00:15:57.220 --> 00:15:57.230 align:start position:0% you know easily 200 transactions per 00:15:57.230 --> 00:15:57.790 align:start position:0% you know easily 200 transactions per second 00:15:57.790 --> 00:15:57.800 align:start position:0% second 00:15:57.800 --> 00:16:00.130 align:start position:0% second put<00:15:58.070> bump<00:15:58.310> it<00:15:58.460> up<00:15:58.550> a<00:15:58.700> little<00:15:58.820> bit<00:15:59.090> more<00:15:59.360> this<00:16:00.080> is 00:16:00.130 --> 00:16:00.140 align:start position:0% put bump it up a little bit more this is 00:16:00.140 --> 00:16:01.690 align:start position:0% put bump it up a little bit more this is by<00:16:00.380> the<00:16:00.410> way<00:16:00.530> based<00:16:00.830> on<00:16:00.980> the<00:16:01.160> availability 00:16:01.690 --> 00:16:01.700 align:start position:0% by the way based on the availability 00:16:01.700 --> 00:16:04.570 align:start position:0% by the way based on the availability bottleneck<00:16:02.420> that<00:16:02.840> I'm<00:16:03.020> talking<00:16:03.500> about<00:16:03.710> and 00:16:04.570 --> 00:16:04.580 align:start position:0% bottleneck that I'm talking about and 00:16:04.580 --> 00:16:06.580 align:start position:0% bottleneck that I'm talking about and then<00:16:04.790> additionally<00:16:05.420> we<00:16:05.540> can<00:16:05.570> get<00:16:05.810> way<00:16:06.170> we 00:16:06.580 --> 00:16:06.590 align:start position:0% then additionally we can get way we 00:16:06.590 --> 00:16:08.710 align:start position:0% then additionally we can get way we ended<00:16:06.740> 2000<00:16:07.580> if<00:16:07.670> we<00:16:07.790> optimize<00:16:08.210> with<00:16:08.420> something 00:16:08.710 --> 00:16:08.720 align:start position:0% ended 2000 if we optimize with something 00:16:08.720 --> 00:16:10.420 align:start position:0% ended 2000 if we optimize with something like<00:16:08.900> a<00:16:08.930> BLS<00:16:09.380> signature<00:16:09.800> but<00:16:10.160> that's<00:16:10.280> also 00:16:10.420 --> 00:16:10.430 align:start position:0% like a BLS signature but that's also 00:16:10.430 --> 00:16:12.370 align:start position:0% like a BLS signature but that's also pretty<00:16:10.700> hard<00:16:11.000> and<00:16:11.210> you<00:16:11.330> know<00:16:11.450> I<00:16:11.660> definitely 00:16:12.370 --> 00:16:12.380 align:start position:0% pretty hard and you know I definitely 00:16:12.380 --> 00:16:14.950 align:start position:0% pretty hard and you know I definitely you<00:16:12.530> know<00:16:12.650> we'll<00:16:13.100> get<00:16:13.220> to<00:16:13.400> 200<00:16:13.880> 400<00:16:14.450> that<00:16:14.570> area 00:16:14.950 --> 00:16:14.960 align:start position:0% you know we'll get to 200 400 that area 00:16:14.960 --> 00:16:16.960 align:start position:0% you know we'll get to 200 400 that area and<00:16:15.170> then<00:16:15.350> we<00:16:15.500> can<00:16:15.680> hit<00:16:15.860> the<00:16:16.040> HIPAA<00:16:16.310> BLS 00:16:16.960 --> 00:16:16.970 align:start position:0% and then we can hit the HIPAA BLS 00:16:16.970 --> 00:16:19.270 align:start position:0% and then we can hit the HIPAA BLS optimization<00:16:17.750> if<00:16:17.870> we<00:16:18.020> if<00:16:18.320> we<00:16:18.410> so<00:16:18.770> if<00:16:19.010> we<00:16:19.130> so 00:16:19.270 --> 00:16:19.280 align:start position:0% optimization if we if we so if we so 00:16:19.280 --> 00:16:21.490 align:start position:0% optimization if we if we so if we so choose<00:16:19.310> and<00:16:19.790> then<00:16:19.910> we<00:16:20.270> get<00:16:20.420> way<00:16:20.810> more<00:16:20.840> with 00:16:21.490 --> 00:16:21.500 align:start position:0% choose and then we get way more with 00:16:21.500 --> 00:16:24.130 align:start position:0% choose and then we get way more with etherium<00:16:22.040> -<00:16:22.250> or<00:16:22.490> any<00:16:23.000> availability<00:16:23.600> Oracle 00:16:24.130 --> 00:16:24.140 align:start position:0% etherium - or any availability Oracle 00:16:24.140 --> 00:16:25.660 align:start position:0% etherium - or any availability Oracle that<00:16:24.290> we<00:16:24.410> stood<00:16:24.680> that<00:16:24.800> we<00:16:24.950> choose<00:16:25.160> you<00:16:25.400> know<00:16:25.520> if 00:16:25.660 --> 00:16:25.670 align:start position:0% that we stood that we choose you know if 00:16:25.670 --> 00:16:27.640 align:start position:0% that we stood that we choose you know if if<00:16:26.240> we<00:16:26.420> make<00:16:26.630> the<00:16:26.750> data<00:16:26.930> available<00:16:27.080> and<00:16:27.590> we 00:16:27.640 --> 00:16:27.650 align:start position:0% if we make the data available and we 00:16:27.650 --> 00:16:29.230 align:start position:0% if we make the data available and we trust<00:16:27.920> it's<00:16:28.100> available<00:16:28.610> than<00:16:28.790> this<00:16:28.970> scheme 00:16:29.230 --> 00:16:29.240 align:start position:0% trust it's available than this scheme 00:16:29.240 --> 00:16:30.270 align:start position:0% trust it's available than this scheme works 00:16:30.270 --> 00:16:30.280 align:start position:0% works 00:16:30.280 --> 00:16:32.800 align:start position:0% works additionally<00:16:31.280> probably<00:16:32.120> my<00:16:32.240> favorite<00:16:32.630> thing 00:16:32.800 --> 00:16:32.810 align:start position:0% additionally probably my favorite thing 00:16:32.810 --> 00:16:35.380 align:start position:0% additionally probably my favorite thing I<00:16:32.960> don't<00:16:33.140> know<00:16:33.230> is<00:16:33.950> how<00:16:34.700> fast<00:16:35.030> these 00:16:35.380 --> 00:16:35.390 align:start position:0% I don't know is how fast these 00:16:35.390 --> 00:16:37.390 align:start position:0% I don't know is how fast these transactions<00:16:36.050> get<00:16:36.290> confirmed<00:16:36.710> right<00:16:37.040> we<00:16:37.220> get 00:16:37.390 --> 00:16:37.400 align:start position:0% transactions get confirmed right we get 00:16:37.400 --> 00:16:39.400 align:start position:0% transactions get confirmed right we get really<00:16:37.940> really<00:16:38.089> fast<00:16:38.780> transaction 00:16:39.400 --> 00:16:39.410 align:start position:0% really really fast transaction 00:16:39.410 --> 00:16:41.290 align:start position:0% really really fast transaction confirmations<00:16:40.100> and<00:16:40.250> this<00:16:40.700> is<00:16:40.880> basically<00:16:41.180> you 00:16:41.290 --> 00:16:41.300 align:start position:0% confirmations and this is basically you 00:16:41.300 --> 00:16:43.480 align:start position:0% confirmations and this is basically you can<00:16:41.420> you<00:16:41.600> can<00:16:41.810> kind<00:16:41.990> of<00:16:42.020> like<00:16:42.200> tune<00:16:42.560> tune<00:16:43.250> the 00:16:43.480 --> 00:16:43.490 align:start position:0% can you can kind of like tune tune the 00:16:43.490 --> 00:16:45.579 align:start position:0% can you can kind of like tune tune the optimistic<00:16:44.089> roll<00:16:44.270> of<00:16:44.420> parameters<00:16:44.930> and<00:16:45.230> you 00:16:45.579 --> 00:16:45.589 align:start position:0% optimistic roll of parameters and you 00:16:45.589 --> 00:16:47.530 align:start position:0% optimistic roll of parameters and you know<00:16:45.710> get<00:16:45.950> either<00:16:46.370> classic<00:16:46.910> confirmations 00:16:47.530 --> 00:16:47.540 align:start position:0% know get either classic confirmations 00:16:47.540 --> 00:16:49.510 align:start position:0% know get either classic confirmations and<00:16:47.780> anyway<00:16:48.140> I'll<00:16:48.440> go<00:16:48.770> we<00:16:48.980> can<00:16:49.130> go<00:16:49.250> into<00:16:49.400> that 00:16:49.510 --> 00:16:49.520 align:start position:0% and anyway I'll go we can go into that 00:16:49.520 --> 00:16:52.120 align:start position:0% and anyway I'll go we can go into that in<00:16:49.790> another<00:16:50.030> lightning<00:16:50.870> lightning<00:16:51.530> section 00:16:52.120 --> 00:16:52.130 align:start position:0% in another lightning lightning section 00:16:52.130 --> 00:16:53.140 align:start position:0% in another lightning lightning section of<00:16:52.220> a<00:16:52.280> lake<00:16:52.490> and<00:16:52.640> you<00:16:52.700> know<00:16:52.820> one<00:16:52.970> of<00:16:53.030> these 00:16:53.140 --> 00:16:53.150 align:start position:0% of a lake and you know one of these 00:16:53.150 --> 00:16:56.470 align:start position:0% of a lake and you know one of these talks<00:16:53.450> so<00:16:54.260> this<00:16:55.040> is<00:16:55.339> pretty<00:16:55.760> cool<00:16:56.030> it<00:16:56.330> is<00:16:56.450> a 00:16:56.470 --> 00:16:56.480 align:start position:0% talks so this is pretty cool it is a 00:16:56.480 --> 00:16:59.260 align:start position:0% talks so this is pretty cool it is a user<00:16:57.080> experience<00:16:57.350> that<00:16:57.890> kind<00:16:58.070> of<00:16:58.190> like<00:16:58.610> rival 00:16:59.260 --> 00:16:59.270 align:start position:0% user experience that kind of like rival 00:16:59.270 --> 00:17:01.900 align:start position:0% user experience that kind of like rival centralized<00:16:59.900> stuff<00:17:00.410> in<00:17:00.650> my<00:17:00.920> huh<00:17:01.220> in<00:17:01.400> my<00:17:01.550> humble 00:17:01.900 --> 00:17:01.910 align:start position:0% centralized stuff in my huh in my humble 00:17:01.910 --> 00:17:05.829 align:start position:0% centralized stuff in my huh in my humble opinion<00:17:02.060> and<00:17:02.540> also<00:17:03.470> you<00:17:04.100> know<00:17:04.250> is<00:17:04.490> a<00:17:05.120> secure 00:17:05.829 --> 00:17:05.839 align:start position:0% opinion and also you know is a secure 00:17:05.839 --> 00:17:08.170 align:start position:0% opinion and also you know is a secure aetherium<00:17:06.439> DAP<00:17:06.740> I'm<00:17:07.010> very<00:17:07.370> very<00:17:07.640> happy<00:17:07.880> so 00:17:08.170 --> 00:17:08.180 align:start position:0% aetherium DAP I'm very very happy so 00:17:08.180 --> 00:17:10.360 align:start position:0% aetherium DAP I'm very very happy so unipeg<00:17:08.720> dot<00:17:08.959> exchange<00:17:09.439> shout<00:17:09.890> it<00:17:10.010> to<00:17:10.100> all<00:17:10.220> the 00:17:10.360 --> 00:17:10.370 align:start position:0% unipeg dot exchange shout it to all the 00:17:10.370 --> 00:17:12.100 align:start position:0% unipeg dot exchange shout it to all the people<00:17:10.400> who<00:17:10.699> made<00:17:10.880> it<00:17:11.030> it's<00:17:11.390> really<00:17:11.660> really 00:17:12.100 --> 00:17:12.110 align:start position:0% people who made it it's really really 00:17:12.110 --> 00:17:13.540 align:start position:0% people who made it it's really really you<00:17:12.290> know<00:17:12.410> amazing<00:17:12.740> that<00:17:13.069> it<00:17:13.189> that<00:17:13.310> it<00:17:13.430> came 00:17:13.540 --> 00:17:13.550 align:start position:0% you know amazing that it that it came 00:17:13.550 --> 00:17:15.370 align:start position:0% you know amazing that it that it came together<00:17:13.699> in<00:17:13.970> team<00:17:14.180> piggie<00:17:14.480> the<00:17:14.900> all<00:17:15.020> team 00:17:15.370 --> 00:17:15.380 align:start position:0% together in team piggie the all team 00:17:15.380 --> 00:17:18.220 align:start position:0% together in team piggie the all team piggie<00:17:15.709> get<00:17:16.010> it<00:17:16.130> get<00:17:16.640> a<00:17:16.670> get<00:17:17.060> a<00:17:17.089> get<00:17:17.569> represent 00:17:18.220 --> 00:17:18.230 align:start position:0% piggie get it get a get a get represent 00:17:18.230 --> 00:17:21.130 align:start position:0% piggie get it get a get a get represent so<00:17:18.620> back<00:17:19.310> to<00:17:19.339> Vitalik<00:17:20.060> right<00:17:20.329> we're<00:17:20.780> setting 00:17:21.130 --> 00:17:21.140 align:start position:0% so back to Vitalik right we're setting 00:17:21.140 --> 00:17:23.140 align:start position:0% so back to Vitalik right we're setting the<00:17:21.319> foundation<00:17:21.500> for<00:17:22.250> innovation<00:17:22.400> and<00:17:22.970> part 00:17:23.140 --> 00:17:23.150 align:start position:0% the foundation for innovation and part 00:17:23.150 --> 00:17:24.850 align:start position:0% the foundation for innovation and part of<00:17:23.209> that<00:17:23.360> foundation<00:17:23.900> means<00:17:24.079> giving<00:17:24.470> users 00:17:24.850 --> 00:17:24.860 align:start position:0% of that foundation means giving users 00:17:24.860 --> 00:17:26.890 align:start position:0% of that foundation means giving users good<00:17:25.339> user<00:17:25.550> experience<00:17:26.150> so<00:17:26.510> that<00:17:26.660> when<00:17:26.689> they 00:17:26.890 --> 00:17:26.900 align:start position:0% good user experience so that when they 00:17:26.900 --> 00:17:29.350 align:start position:0% good user experience so that when they use<00:17:26.930> the<00:17:27.319> theorem<00:17:27.530> they're<00:17:28.040> using<00:17:28.580> the<00:17:29.090> you 00:17:29.350 --> 00:17:29.360 align:start position:0% use the theorem they're using the you 00:17:29.360 --> 00:17:31.120 align:start position:0% use the theorem they're using the you know<00:17:29.480> hey<00:17:29.690> they're<00:17:30.230> feeling<00:17:30.680> good<00:17:30.710> and 00:17:31.120 --> 00:17:31.130 align:start position:0% know hey they're feeling good and 00:17:31.130 --> 00:17:32.710 align:start position:0% know hey they're feeling good and they're<00:17:31.220> not<00:17:31.340> dropping<00:17:31.670> off<00:17:32.030> after<00:17:32.420> you<00:17:32.600> know 00:17:32.710 --> 00:17:32.720 align:start position:0% they're not dropping off after you know 00:17:32.720 --> 00:17:35.350 align:start position:0% they're not dropping off after you know the<00:17:32.750> first<00:17:33.050> two<00:17:33.320> minutes<00:17:33.680> and<00:17:33.910> we<00:17:34.910> hopefully 00:17:35.350 --> 00:17:35.360 align:start position:0% the first two minutes and we hopefully 00:17:35.360 --> 00:17:38.470 align:start position:0% the first two minutes and we hopefully can<00:17:35.660> provide<00:17:36.290> the<00:17:36.500> same<00:17:36.800> we<00:17:37.340> can<00:17:37.370> provide<00:17:38.300> the 00:17:38.470 --> 00:17:38.480 align:start position:0% can provide the same we can provide the 00:17:38.480 --> 00:17:40.660 align:start position:0% can provide the same we can provide the same<00:17:38.780> smart<00:17:39.440> contract<00:17:40.100> development 00:17:40.660 --> 00:17:40.670 align:start position:0% same smart contract development 00:17:40.670 --> 00:17:42.130 align:start position:0% same smart contract development experience<00:17:41.179> that<00:17:41.360> you<00:17:41.480> know<00:17:41.600> we<00:17:41.780> know<00:17:41.990> and 00:17:42.130 --> 00:17:42.140 align:start position:0% experience that you know we know and 00:17:42.140 --> 00:17:43.780 align:start position:0% experience that you know we know and love<00:17:42.200> about<00:17:42.590> a<00:17:42.620> theorem<00:17:42.980> and<00:17:43.100> we<00:17:43.310> all<00:17:43.460> know<00:17:43.610> and 00:17:43.780 --> 00:17:43.790 align:start position:0% love about a theorem and we all know and 00:17:43.790 --> 00:17:46.090 align:start position:0% love about a theorem and we all know and hate<00:17:43.970> but<00:17:44.450> like<00:17:44.660> you<00:17:45.050> know<00:17:45.170> we'll<00:17:45.500> we'll<00:17:45.770> get 00:17:46.090 --> 00:17:46.100 align:start position:0% hate but like you know we'll we'll get 00:17:46.100 --> 00:17:47.799 align:start position:0% hate but like you know we'll we'll get better<00:17:46.250> we'll<00:17:46.669> work<00:17:46.820> together<00:17:47.000> to<00:17:47.480> get<00:17:47.630> better 00:17:47.799 --> 00:17:47.809 align:start position:0% better we'll work together to get better 00:17:47.809 --> 00:17:49.810 align:start position:0% better we'll work together to get better and<00:17:48.470> make<00:17:48.650> aetherium<00:17:49.039> smart<00:17:49.429> contract 00:17:49.810 --> 00:17:49.820 align:start position:0% and make aetherium smart contract 00:17:49.820 --> 00:17:52.240 align:start position:0% and make aetherium smart contract developing<00:17:50.210> experience<00:17:50.720> even<00:17:51.110> better<00:17:51.410> and<00:17:51.740> so 00:17:52.240 --> 00:17:52.250 align:start position:0% developing experience even better and so 00:17:52.250 --> 00:17:54.760 align:start position:0% developing experience even better and so back<00:17:52.910> back<00:17:53.450> to<00:17:53.690> the<00:17:53.840> you<00:17:54.110> know<00:17:54.230> this<00:17:54.500> this 00:17:54.760 --> 00:17:54.770 align:start position:0% back back to the you know this this 00:17:54.770 --> 00:17:58.029 align:start position:0% back back to the you know this this wonderful<00:17:55.460> tree<00:17:55.730> I<00:17:56.000> you<00:17:56.720> know<00:17:56.840> I<00:17:57.110> don't 00:17:58.029 --> 00:17:58.039 align:start position:0% wonderful tree I you know I don't 00:17:58.039 --> 00:17:59.799 align:start position:0% wonderful tree I you know I don't remember<00:17:58.100> how<00:17:58.520> I<00:17:58.549> tied<00:17:58.910> this<00:17:59.120> in<00:17:59.179> actually<00:17:59.780> I 00:17:59.799 --> 00:17:59.809 align:start position:0% remember how I tied this in actually I 00:17:59.809 --> 00:18:01.630 align:start position:0% remember how I tied this in actually I made<00:18:00.350> these<00:18:00.470> slides<00:18:00.620> very<00:18:00.919> recently<00:18:01.280> very 00:18:01.630 --> 00:18:01.640 align:start position:0% made these slides very recently very 00:18:01.640 --> 00:18:04.330 align:start position:0% made these slides very recently very recently<00:18:01.730> so<00:18:02.150> they're<00:18:02.960> you<00:18:03.260> know<00:18:03.320> just<00:18:03.679> pray 00:18:04.330 --> 00:18:04.340 align:start position:0% recently so they're you know just pray 00:18:04.340 --> 00:18:06.220 align:start position:0% recently so they're you know just pray for<00:18:04.549> my<00:18:04.669> plant<00:18:04.970> I<00:18:05.210> just<00:18:05.539> hope<00:18:05.809> it<00:18:05.990> gets<00:18:06.080> better 00:18:06.220 --> 00:18:06.230 align:start position:0% for my plant I just hope it gets better 00:18:06.230 --> 00:18:08.470 align:start position:0% for my plant I just hope it gets better I<00:18:06.770> just<00:18:07.070> hope<00:18:07.250> it<00:18:07.370> gets<00:18:07.460> better<00:18:07.549> grows<00:18:08.059> in<00:18:08.360> - 00:18:08.470 --> 00:18:08.480 align:start position:0% I just hope it gets better grows in - 00:18:08.480 --> 00:18:10.659 align:start position:0% I just hope it gets better grows in - that's<00:18:08.600> right<00:18:08.960> it's<00:18:09.590> gonna<00:18:09.890> grow<00:18:10.280> into<00:18:10.490> this 00:18:10.659 --> 00:18:10.669 align:start position:0% that's right it's gonna grow into this 00:18:10.669 --> 00:18:12.760 align:start position:0% that's right it's gonna grow into this magnificent<00:18:11.570> plant<00:18:11.809> because<00:18:12.380> right<00:18:12.590> now<00:18:12.710> the 00:18:12.760 --> 00:18:12.770 align:start position:0% magnificent plant because right now the 00:18:12.770 --> 00:18:14.500 align:start position:0% magnificent plant because right now the soil<00:18:13.250> the<00:18:13.820> lighting 00:18:14.500 --> 00:18:14.510 align:start position:0% soil the lighting 00:18:14.510 --> 00:18:16.029 align:start position:0% soil the lighting you<00:18:14.750> know<00:18:14.870> the<00:18:15.080> watering<00:18:15.530> definitely<00:18:15.919> my 00:18:16.029 --> 00:18:16.039 align:start position:0% you know the watering definitely my 00:18:16.039 --> 00:18:18.909 align:start position:0% you know the watering definitely my watering<00:18:16.370> is<00:18:16.549> sub<00:18:16.789> subpar<00:18:17.570> and<00:18:17.840> so<00:18:18.380> you<00:18:18.799> know 00:18:18.909 --> 00:18:18.919 align:start position:0% watering is sub subpar and so you know 00:18:18.919 --> 00:18:20.560 align:start position:0% watering is sub subpar and so you know hopefully<00:18:19.549> hopefully<00:18:20.000> with<00:18:20.419> the<00:18:20.539> right 00:18:20.560 --> 00:18:20.570 align:start position:0% hopefully hopefully with the right 00:18:20.570 --> 00:18:22.419 align:start position:0% hopefully hopefully with the right circumstances<00:18:21.500> it<00:18:21.710> will<00:18:21.890> grow<00:18:22.100> into<00:18:22.309> this 00:18:22.419 --> 00:18:22.429 align:start position:0% circumstances it will grow into this 00:18:22.429 --> 00:18:23.649 align:start position:0% circumstances it will grow into this amazing<00:18:22.880> thing<00:18:23.090> and<00:18:23.270> so<00:18:23.360> we<00:18:23.390> can<00:18:23.630> use 00:18:23.649 --> 00:18:23.659 align:start position:0% amazing thing and so we can use 00:18:23.659 --> 00:18:25.810 align:start position:0% amazing thing and so we can use cryptography<00:18:24.230> we<00:18:24.679> can<00:18:24.860> use<00:18:25.039> economics<00:18:25.669> and 00:18:25.810 --> 00:18:25.820 align:start position:0% cryptography we can use economics and 00:18:25.820 --> 00:18:27.669 align:start position:0% cryptography we can use economics and really<00:18:26.299> achieve<00:18:26.419> the<00:18:26.780> global<00:18:26.900> impact<00:18:27.409> that<00:18:27.559> we 00:18:27.669 --> 00:18:27.679 align:start position:0% really achieve the global impact that we 00:18:27.679 --> 00:18:29.680 align:start position:0% really achieve the global impact that we want<00:18:27.710> and<00:18:28.070> notably<00:18:28.580> remember<00:18:29.059> that<00:18:29.270> whole<00:18:29.450> the 00:18:29.680 --> 00:18:29.690 align:start position:0% want and notably remember that whole the 00:18:29.690 --> 00:18:32.049 align:start position:0% want and notably remember that whole the the<00:18:29.929> debt<00:18:30.440> discussion<00:18:31.130> and<00:18:31.370> that<00:18:31.490> stuff<00:18:31.850> that 00:18:32.049 --> 00:18:32.059 align:start position:0% the debt discussion and that stuff that 00:18:32.059 --> 00:18:33.520 align:start position:0% the debt discussion and that stuff that we're<00:18:32.210> you<00:18:32.419> know<00:18:32.539> the<00:18:32.690> last<00:18:32.929> presenter<00:18:33.440> was 00:18:33.520 --> 00:18:33.530 align:start position:0% we're you know the last presenter was 00:18:33.530 --> 00:18:35.049 align:start position:0% we're you know the last presenter was talking<00:18:33.799> about<00:18:33.830> that's<00:18:34.340> a<00:18:34.429> very<00:18:34.610> real<00:18:34.820> thing 00:18:35.049 --> 00:18:35.059 align:start position:0% talking about that's a very real thing 00:18:35.059 --> 00:18:36.730 align:start position:0% talking about that's a very real thing and<00:18:35.240> I'm<00:18:35.299> very<00:18:35.570> worried<00:18:35.960> about<00:18:36.110> that<00:18:36.260> as<00:18:36.409> well 00:18:36.730 --> 00:18:36.740 align:start position:0% and I'm very worried about that as well 00:18:36.740 --> 00:18:38.350 align:start position:0% and I'm very worried about that as well but<00:18:37.010> once<00:18:37.159> again<00:18:37.309> this<00:18:37.610> is<00:18:37.760> a<00:18:37.789> humble<00:18:38.120> talk 00:18:38.350 --> 00:18:38.360 align:start position:0% but once again this is a humble talk 00:18:38.360 --> 00:18:40.480 align:start position:0% but once again this is a humble talk about<00:18:38.720> user<00:18:38.990> experience<00:18:39.220> thank<00:18:40.220> you<00:18:40.280> very 00:18:40.480 --> 00:18:40.490 align:start position:0% about user experience thank you very 00:18:40.490 --> 00:18:47.090 align:start position:0% about user experience thank you very much 00:18:47.090 --> 00:18:47.100 align:start position:0% 00:18:47.100 --> 00:18:50.810 align:start position:0% I<00:18:48.289> technically<00:18:49.289> should<00:18:49.559> have<00:18:49.769> a<00:18:49.799> two<00:18:50.460> minutes 00:18:50.810 --> 00:18:50.820 align:start position:0% I technically should have a two minutes 00:18:50.820 --> 00:18:52.610 align:start position:0% I technically should have a two minutes one<00:18:51.029> minute<00:18:51.059> something<00:18:51.870> like<00:18:52.019> that<00:18:52.169> for 00:18:52.610 --> 00:18:52.620 align:start position:0% one minute something like that for 00:18:52.620 --> 00:19:01.990 align:start position:0% one minute something like that for questions<00:18:52.980> if<00:18:53.130> y'all<00:18:53.490> want<00:18:53.960> everybody<00:18:54.960> wants 00:19:01.990 --> 00:19:02.000 align:start position:0% 00:19:02.000 --> 00:19:04.370 align:start position:0% if<00:19:03.000> they're<00:19:03.179> just<00:19:03.389> one<00:19:03.659> argue<00:19:03.990> at<00:19:04.169> a<00:19:04.200> given 00:19:04.370 --> 00:19:04.380 align:start position:0% if they're just one argue at a given 00:19:04.380 --> 00:19:07.190 align:start position:0% if they're just one argue at a given time<00:19:04.549> great<00:19:05.549> question<00:19:06.000> in<00:19:06.149> my<00:19:06.299> diagram<00:19:06.539> there 00:19:07.190 --> 00:19:07.200 align:start position:0% time great question in my diagram there 00:19:07.200 --> 00:19:08.990 align:start position:0% time great question in my diagram there was<00:19:07.380> but<00:19:07.769> it's<00:19:07.919> a<00:19:08.009> very<00:19:08.159> goofy<00:19:08.549> that<00:19:08.700> was 00:19:08.990 --> 00:19:09.000 align:start position:0% was but it's a very goofy that was 00:19:09.000 --> 00:19:11.629 align:start position:0% was but it's a very goofy that was accidental<00:19:09.240> to<00:19:09.779> be<00:19:09.870> honest<00:19:10.169> no<00:19:11.070> so<00:19:11.429> there<00:19:11.580> are 00:19:11.629 --> 00:19:11.639 align:start position:0% accidental to be honest no so there are 00:19:11.639 --> 00:19:13.220 align:start position:0% accidental to be honest no so there are different<00:19:11.909> schemes<00:19:12.179> but<00:19:12.480> the<00:19:12.720> probably<00:19:13.110> the 00:19:13.220 --> 00:19:13.230 align:start position:0% different schemes but the probably the 00:19:13.230 --> 00:19:14.960 align:start position:0% different schemes but the probably the in<00:19:13.799> all<00:19:14.100> of<00:19:14.279> them<00:19:14.429> essentially<00:19:14.759> they're 00:19:14.960 --> 00:19:14.970 align:start position:0% in all of them essentially they're 00:19:14.970 --> 00:19:17.870 align:start position:0% in all of them essentially they're multiple<00:19:15.360> aggregators<00:19:16.519> because<00:19:17.519> we<00:19:17.759> have 00:19:17.870 --> 00:19:17.880 align:start position:0% multiple aggregators because we have 00:19:17.880 --> 00:19:19.820 align:start position:0% multiple aggregators because we have this<00:19:18.000> property<00:19:18.240> that<00:19:18.480> we<00:19:18.690> can<00:19:18.840> detect<00:19:19.590> in 00:19:19.820 --> 00:19:19.830 align:start position:0% this property that we can detect in 00:19:19.830 --> 00:19:22.279 align:start position:0% this property that we can detect in validity<00:19:20.309> and<00:19:20.490> like<00:19:20.789> attributable<00:19:21.659> a<00:19:21.809> destroy 00:19:22.279 --> 00:19:22.289 align:start position:0% validity and like attributable a destroy 00:19:22.289 --> 00:19:24.619 align:start position:0% validity and like attributable a destroy it<00:19:22.500> it<00:19:22.649> makes<00:19:23.159> it<00:19:23.399> much<00:19:23.669> easier<00:19:23.970> for<00:19:24.149> like<00:19:24.450> a 00:19:24.619 --> 00:19:24.629 align:start position:0% it it makes it much easier for like a 00:19:24.629 --> 00:19:26.840 align:start position:0% it it makes it much easier for like a bad<00:19:25.139> aggregator<00:19:25.649> to<00:19:25.830> come<00:19:26.039> in<00:19:26.309> submit<00:19:26.759> an 00:19:26.840 --> 00:19:26.850 align:start position:0% bad aggregator to come in submit an 00:19:26.850 --> 00:19:28.940 align:start position:0% bad aggregator to come in submit an invalid<00:19:27.299> block<00:19:27.539> we<00:19:27.899> just<00:19:28.110> prune<00:19:28.379> it<00:19:28.590> and<00:19:28.620> then 00:19:28.940 --> 00:19:28.950 align:start position:0% invalid block we just prune it and then 00:19:28.950 --> 00:19:30.649 align:start position:0% invalid block we just prune it and then we<00:19:29.039> go<00:19:29.220> on<00:19:29.250> with<00:19:29.399> our<00:19:29.730> day<00:19:29.879> you<00:19:30.179> know<00:19:30.299> so<00:19:30.509> it's 00:19:30.649 --> 00:19:30.659 align:start position:0% we go on with our day you know so it's 00:19:30.659 --> 00:19:32.330 align:start position:0% we go on with our day you know so it's not<00:19:30.720> this<00:19:30.990> kind<00:19:31.230> of<00:19:31.289> you<00:19:31.649> know<00:19:31.740> you<00:19:32.100> need<00:19:32.309> one 00:19:32.330 --> 00:19:32.340 align:start position:0% not this kind of you know you need one 00:19:32.340 --> 00:19:34.850 align:start position:0% not this kind of you know you need one aggregator<00:19:33.269> one<00:19:33.659> system<00:19:34.200> that<00:19:34.259> we<00:19:34.529> have<00:19:34.740> in 00:19:34.850 --> 00:19:34.860 align:start position:0% aggregator one system that we have in 00:19:34.860 --> 00:19:37.070 align:start position:0% aggregator one system that we have in off<00:19:35.039> chain<00:19:35.309> systems<00:19:35.730> often<00:19:35.940> times<00:19:36.360> because 00:19:37.070 --> 00:19:37.080 align:start position:0% off chain systems often times because 00:19:37.080 --> 00:19:39.619 align:start position:0% off chain systems often times because the<00:19:37.409> actual<00:19:37.860> like<00:19:38.039> the<00:19:38.460> the<00:19:38.730> downside<00:19:39.240> of<00:19:39.269> in 00:19:39.619 --> 00:19:39.629 align:start position:0% the actual like the the downside of in 00:19:39.629 --> 00:19:42.470 align:start position:0% the actual like the the downside of in you<00:19:40.139> know<00:19:40.259> a<00:19:40.289> really<00:19:40.620> malicious<00:19:41.480> aggregator 00:19:42.470 --> 00:19:42.480 align:start position:0% you know a really malicious aggregator 00:19:42.480 --> 00:19:45.259 align:start position:0% you know a really malicious aggregator is<00:19:42.570> is<00:19:43.080> like<00:19:43.500> huge<00:19:44.100> right<00:19:44.759> we've<00:19:44.940> kind<00:19:45.210> of 00:19:45.259 --> 00:19:45.269 align:start position:0% is is like huge right we've kind of 00:19:45.269 --> 00:19:47.869 align:start position:0% is is like huge right we've kind of reduced<00:19:46.139> the<00:19:46.529> bad<00:19:46.740> things<00:19:47.220> that<00:19:47.340> they<00:19:47.549> can<00:19:47.730> do 00:19:47.869 --> 00:19:47.879 align:start position:0% reduced the bad things that they can do 00:19:47.879 --> 00:19:49.399 align:start position:0% reduced the bad things that they can do and<00:19:48.120> that<00:19:48.450> gives<00:19:48.659> us<00:19:48.779> the<00:19:48.960> ability<00:19:49.019> to<00:19:49.320> have 00:19:49.399 --> 00:19:49.409 align:start position:0% and that gives us the ability to have 00:19:49.409 --> 00:19:52.820 align:start position:0% and that gives us the ability to have many<00:19:50.629> do<00:19:51.629> you<00:19:51.659> also<00:19:51.840> have<00:19:52.080> a<00:19:52.110> denial<00:19:52.769> of 00:19:52.820 --> 00:19:52.830 align:start position:0% many do you also have a denial of 00:19:52.830 --> 00:19:54.080 align:start position:0% many do you also have a denial of service<00:19:52.889> issues<00:19:53.370> where<00:19:53.580> I<00:19:53.610> could<00:19:53.789> know<00:19:53.909> who<00:19:54.059> I 00:19:54.080 --> 00:19:54.090 align:start position:0% service issues where I could know who I 00:19:54.090 --> 00:19:55.610 align:start position:0% service issues where I could know who I read<00:19:54.360> it<00:19:54.450> is<00:19:54.570> and<00:19:54.720> take<00:19:54.809> them<00:19:54.929> down<00:19:55.080> if<00:19:55.500> we're 00:19:55.610 --> 00:19:55.620 align:start position:0% read it is and take them down if we're 00:19:55.620 --> 00:19:57.019 align:start position:0% read it is and take them down if we're all<00:19:55.679> talking<00:19:55.830> to<00:19:55.980> one<00:19:56.159> central<00:19:56.429> server<00:19:56.460> could 00:19:57.019 --> 00:19:57.029 align:start position:0% all talking to one central server could 00:19:57.029 --> 00:19:58.820 align:start position:0% all talking to one central server could I<00:19:57.059> lost<00:19:57.450> them<00:19:57.629> oh<00:19:57.929> yeah 00:19:58.820 --> 00:19:58.830 align:start position:0% I lost them oh yeah 00:19:58.830 --> 00:20:01.549 align:start position:0% I lost them oh yeah 100%<00:19:59.309> and<00:19:59.789> I<00:19:59.879> heard<00:20:00.120> this<00:20:00.330> person<00:20:00.539> say<00:20:01.019> that 00:20:01.549 --> 00:20:01.559 align:start position:0% 100% and I heard this person say that 00:20:01.559 --> 00:20:03.200 align:start position:0% 100% and I heard this person say that they<00:20:01.769> feel<00:20:02.009> like<00:20:02.399> we<00:20:02.610> think<00:20:02.879> a<00:20:02.940> lot<00:20:03.059> about 00:20:03.200 --> 00:20:03.210 align:start position:0% they feel like we think a lot about 00:20:03.210 --> 00:20:04.940 align:start position:0% they feel like we think a lot about clients<00:20:03.899> who<00:20:04.230> we<00:20:04.350> don't<00:20:04.529> think<00:20:04.649> enough<00:20:04.889> about 00:20:04.940 --> 00:20:04.950 align:start position:0% clients who we don't think enough about 00:20:04.950 --> 00:20:06.919 align:start position:0% clients who we don't think enough about aggregators<00:20:05.820> because<00:20:06.149> aggregators<00:20:06.779> are 00:20:06.919 --> 00:20:06.929 align:start position:0% aggregators because aggregators are 00:20:06.929 --> 00:20:09.470 align:start position:0% aggregators because aggregators are going<00:20:07.139> to<00:20:07.259> be<00:20:07.409> like<00:20:07.620> real<00:20:08.039> targets<00:20:08.820> for<00:20:09.120> denial 00:20:09.470 --> 00:20:09.480 align:start position:0% going to be like real targets for denial 00:20:09.480 --> 00:20:11.659 align:start position:0% going to be like real targets for denial of<00:20:09.629> service<00:20:10.019> now<00:20:10.350> how<00:20:10.559> we<00:20:10.620> solve<00:20:11.100> like<00:20:11.370> denial 00:20:11.659 --> 00:20:11.669 align:start position:0% of service now how we solve like denial 00:20:11.669 --> 00:20:13.249 align:start position:0% of service now how we solve like denial of<00:20:11.879> service<00:20:12.179> of<00:20:12.299> course<00:20:12.450> you<00:20:12.870> know<00:20:12.990> there<00:20:13.169> are 00:20:13.249 --> 00:20:13.259 align:start position:0% of service of course you know there are 00:20:13.259 --> 00:20:15.200 align:start position:0% of service of course you know there are fees<00:20:13.500> that's<00:20:13.860> that's<00:20:14.190> clear<00:20:14.549> but<00:20:14.759> also<00:20:14.940> just 00:20:15.200 --> 00:20:15.210 align:start position:0% fees that's that's clear but also just 00:20:15.210 --> 00:20:17.269 align:start position:0% fees that's that's clear but also just general<00:20:15.659> like<00:20:15.899> you<00:20:16.080> know<00:20:16.409> our<00:20:16.620> traditional 00:20:17.269 --> 00:20:17.279 align:start position:0% general like you know our traditional 00:20:17.279 --> 00:20:19.879 align:start position:0% general like you know our traditional DDoS<00:20:17.639> vectors<00:20:18.269> will<00:20:18.779> have<00:20:18.960> to<00:20:19.110> employ<00:20:19.350> you 00:20:19.879 --> 00:20:19.889 align:start position:0% DDoS vectors will have to employ you 00:20:19.889 --> 00:20:21.499 align:start position:0% DDoS vectors will have to employ you know<00:20:20.009> standard<00:20:20.399> techniques<00:20:20.879> and<00:20:21.090> we<00:20:21.179> actually 00:20:21.499 --> 00:20:21.509 align:start position:0% know standard techniques and we actually 00:20:21.509 --> 00:20:23.629 align:start position:0% know standard techniques and we actually have<00:20:21.690> employed<00:20:22.200> standard<00:20:22.620> techniques<00:20:22.980> on<00:20:23.159> our 00:20:23.629 --> 00:20:23.639 align:start position:0% have employed standard techniques on our 00:20:23.639 --> 00:20:25.730 align:start position:0% have employed standard techniques on our unipeg<00:20:24.029> exchange<00:20:24.600> to<00:20:24.809> kind<00:20:24.990> of<00:20:25.049> protect<00:20:25.590> the 00:20:25.730 --> 00:20:25.740 align:start position:0% unipeg exchange to kind of protect the 00:20:25.740 --> 00:20:27.769 align:start position:0% unipeg exchange to kind of protect the aggregator<00:20:26.129> but<00:20:26.309> don't<00:20:26.940> don't<00:20:27.389> mess<00:20:27.539> with<00:20:27.570> our 00:20:27.769 --> 00:20:27.779 align:start position:0% aggregator but don't don't mess with our 00:20:27.779 --> 00:20:30.139 align:start position:0% aggregator but don't don't mess with our aggregator<00:20:28.289> cool<00:20:29.159> thing<00:20:29.429> so<00:20:29.460> it's<00:20:29.759> a<00:20:29.789> fun<00:20:29.970> talk 00:20:30.139 --> 00:20:30.149 align:start position:0% aggregator cool thing so it's a fun talk 00:20:30.149 --> 00:20:34.940 align:start position:0% aggregator cool thing so it's a fun talk thank<00:20:30.389> you<00:20:33.110> can<00:20:34.110> you<00:20:34.200> get<00:20:34.320> that<00:20:34.409> down<00:20:34.620> to<00:20:34.649> one 00:20:34.940 --> 00:20:34.950 align:start position:0% thank you can you get that down to one 00:20:34.950 --> 00:20:38.570 align:start position:0% thank you can you get that down to one minute<00:20:35.129> for<00:20:35.429> next<00:20:35.610> staff<00:20:35.759> con<00:20:35.970> i<00:20:37.190> planning<00:20:38.190> on 00:20:38.570 --> 00:20:38.580 align:start position:0% minute for next staff con i planning on 00:20:38.580 --> 00:20:41.240 align:start position:0% minute for next staff con i planning on investing<00:20:39.210> all<00:20:39.779> of<00:20:39.840> my<00:20:40.200> time<00:20:40.500> and<00:20:40.679> energy<00:20:40.799> into 00:20:41.240 --> 00:20:41.250 align:start position:0% investing all of my time and energy into 00:20:41.250 --> 00:20:44.629 align:start position:0% investing all of my time and energy into telepathy<00:20:41.850> so<00:20:42.600> i<00:20:42.629> can<00:20:43.110> go<00:20:43.320> on<00:20:43.500> stage<00:20:43.830> and<00:20:44.370> i<00:20:44.429> can 00:20:44.629 --> 00:20:44.639 align:start position:0% telepathy so i can go on stage and i can 00:20:44.639 --> 00:20:49.669 align:start position:0% telepathy so i can go on stage and i can just<00:20:44.669> go<00:20:44.970> and<00:20:45.740> then<00:20:46.740> leave<00:20:48.169> so<00:20:49.169> next<00:20:49.379> time 00:20:49.669 --> 00:20:49.679 align:start position:0% just go and then leave so next time 00:20:49.679 --> 00:20:54.019 align:start position:0% just go and then leave so next time great<00:20:50.220> talk<00:20:50.399> man<00:20:52.370> can<00:20:53.370> you<00:20:53.460> explain<00:20:53.789> more 00:20:54.019 --> 00:20:54.029 align:start position:0% great talk man can you explain more 00:20:54.029 --> 00:20:57.070 align:start position:0% great talk man can you explain more about<00:20:54.330> the<00:20:54.539> buried<00:20:54.870> each<00:20:54.990> book<00:20:55.260> that<00:20:55.679> you<00:20:56.129> have 00:20:57.070 --> 00:20:57.080 align:start position:0% about the buried each book that you have 00:20:57.080 --> 00:21:00.500 align:start position:0% about the buried each book that you have use<00:20:58.080> that<00:20:58.620> it<00:20:58.830> is<00:20:59.419> complicated 00:21:00.500 --> 00:21:00.510 align:start position:0% use that it is complicated 00:21:00.510 --> 00:21:03.650 align:start position:0% use that it is complicated so<00:21:01.080> how<00:21:01.530> can<00:21:01.799> I<00:21:01.919> hope<00:21:02.190> that<00:21:02.400> the<00:21:02.669> state 00:21:03.650 --> 00:21:03.660 align:start position:0% so how can I hope that the state 00:21:03.660 --> 00:21:07.190 align:start position:0% so how can I hope that the state transition<00:21:04.290> is<00:21:04.500> going<00:21:04.620> wrong<00:21:05.480> great 00:21:07.190 --> 00:21:07.200 align:start position:0% transition is going wrong great 00:21:07.200 --> 00:21:10.610 align:start position:0% transition is going wrong great so<00:21:08.000> from<00:21:09.000> a<00:21:09.150> cancer<00:21:09.900> from<00:21:10.169> two<00:21:10.350> perspectives 00:21:10.610 --> 00:21:10.620 align:start position:0% so from a cancer from two perspectives 00:21:10.620 --> 00:21:12.680 align:start position:0% so from a cancer from two perspectives the<00:21:11.309> first<00:21:11.490> perspective<00:21:11.760> is<00:21:12.179> pretty<00:21:12.419> simple 00:21:12.680 --> 00:21:12.690 align:start position:0% the first perspective is pretty simple 00:21:12.690 --> 00:21:15.740 align:start position:0% the first perspective is pretty simple from<00:21:13.290> a<00:21:13.410> client<00:21:13.950> perspective<00:21:13.980> all<00:21:14.850> I<00:21:14.910> do<00:21:15.240> is<00:21:15.630> I 00:21:15.740 --> 00:21:15.750 align:start position:0% from a client perspective all I do is I 00:21:15.750 --> 00:21:17.900 align:start position:0% from a client perspective all I do is I take<00:21:16.200> all<00:21:16.380> the<00:21:16.530> transactions<00:21:17.160> I<00:21:17.340> run<00:21:17.730> them 00:21:17.900 --> 00:21:17.910 align:start position:0% take all the transactions I run them 00:21:17.910 --> 00:21:20.390 align:start position:0% take all the transactions I run them locally<00:21:18.390> I<00:21:18.630> compute<00:21:19.169> the<00:21:19.290> state<00:21:19.559> route<00:21:19.830> and<00:21:20.010> I 00:21:20.390 --> 00:21:20.400 align:start position:0% locally I compute the state route and I 00:21:20.400 --> 00:21:22.010 align:start position:0% locally I compute the state route and I compare<00:21:20.850> the<00:21:21.030> difference<00:21:21.390> and<00:21:21.540> I<00:21:21.600> say<00:21:21.780> if<00:21:21.900> the 00:21:22.010 --> 00:21:22.020 align:start position:0% compare the difference and I say if the 00:21:22.020 --> 00:21:23.210 align:start position:0% compare the difference and I say if the state<00:21:22.260> route<00:21:22.440> is<00:21:22.530> different<00:21:22.559> I<00:21:23.010> know 00:21:23.210 --> 00:21:23.220 align:start position:0% state route is different I know 00:21:23.220 --> 00:21:24.980 align:start position:0% state route is different I know something<00:21:23.730> went<00:21:23.850> wrong<00:21:24.120> and<00:21:24.360> I<00:21:24.419> can<00:21:24.570> automate 00:21:24.980 --> 00:21:24.990 align:start position:0% something went wrong and I can automate 00:21:24.990 --> 00:21:27.020 align:start position:0% something went wrong and I can automate it<00:21:25.200> you<00:21:25.440> know<00:21:25.559> easily<00:21:25.890> send<00:21:26.580> a<00:21:26.669> transaction 00:21:27.020 --> 00:21:27.030 align:start position:0% it you know easily send a transaction 00:21:27.030 --> 00:21:29.659 align:start position:0% it you know easily send a transaction proving<00:21:27.929> fraud<00:21:28.140> and<00:21:28.410> delete<00:21:28.770> the<00:21:28.919> prune<00:21:29.490> the 00:21:29.659 --> 00:21:29.669 align:start position:0% proving fraud and delete the prune the 00:21:29.669 --> 00:21:32.090 align:start position:0% proving fraud and delete the prune the block<00:21:29.880> now<00:21:30.419> from<00:21:30.960> the<00:21:31.110> kind<00:21:31.350> of<00:21:31.440> formal 00:21:32.090 --> 00:21:32.100 align:start position:0% block now from the kind of formal 00:21:32.100 --> 00:21:34.280 align:start position:0% block now from the kind of formal verification<00:21:32.309> of<00:21:33.000> the<00:21:33.210> smart<00:21:33.570> contracts<00:21:34.140> I'd 00:21:34.280 --> 00:21:34.290 align:start position:0% verification of the smart contracts I'd 00:21:34.290 --> 00:21:37.280 align:start position:0% verification of the smart contracts I'd this<00:21:35.010> gets<00:21:35.309> into<00:21:35.610> a<00:21:35.640> whole<00:21:36.179> nother<00:21:36.750> you<00:21:37.169> know 00:21:37.280 --> 00:21:37.290 align:start position:0% this gets into a whole nother you know 00:21:37.290 --> 00:21:39.409 align:start position:0% this gets into a whole nother you know area<00:21:37.919> of<00:21:38.160> how<00:21:38.549> do<00:21:38.610> we<00:21:38.730> make<00:21:38.970> sure<00:21:39.000> that<00:21:39.270> we 00:21:39.409 --> 00:21:39.419 align:start position:0% area of how do we make sure that we 00:21:39.419 --> 00:21:42.140 align:start position:0% area of how do we make sure that we sandbox<00:21:40.140> our<00:21:40.470> state<00:21:41.070> transition<00:21:41.580> environment 00:21:42.140 --> 00:21:42.150 align:start position:0% sandbox our state transition environment 00:21:42.150 --> 00:21:43.730 align:start position:0% sandbox our state transition environment how<00:21:42.510> do<00:21:42.570> we<00:21:42.750> make<00:21:42.929> sure<00:21:42.960> that<00:21:43.140> we<00:21:43.440> don't<00:21:43.620> run 00:21:43.730 --> 00:21:43.740 align:start position:0% how do we make sure that we don't run 00:21:43.740 --> 00:21:47.060 align:start position:0% how do we make sure that we don't run into<00:21:44.220> like<00:21:44.400> out<00:21:44.610> of<00:21:44.790> gas<00:21:45.000> issues<00:21:45.799> how<00:21:46.799> do<00:21:46.860> we 00:21:47.060 --> 00:21:47.070 align:start position:0% into like out of gas issues how do we 00:21:47.070 --> 00:21:51.200 align:start position:0% into like out of gas issues how do we make<00:21:47.250> sure<00:21:47.429> that<00:21:47.460> we<00:21:47.910> are<00:21:48.440> you<00:21:49.440> know<00:21:50.090> doing<00:21:51.090> all 00:21:51.200 --> 00:21:51.210 align:start position:0% make sure that we are you know doing all 00:21:51.210 --> 00:21:52.789 align:start position:0% make sure that we are you know doing all blow<00:21:51.450> hopefully<00:21:51.780> all<00:21:51.960> of<00:21:52.110> the<00:21:52.260> hubbub<00:21:52.620> around 00:21:52.789 --> 00:21:52.799 align:start position:0% blow hopefully all of the hubbub around 00:21:52.799 --> 00:21:54.320 align:start position:0% blow hopefully all of the hubbub around formal<00:21:53.280> verification<00:21:53.460> and<00:21:54.000> of<00:21:54.120> course 00:21:54.320 --> 00:21:54.330 align:start position:0% formal verification and of course 00:21:54.330 --> 00:21:56.539 align:start position:0% formal verification and of course auditing<00:21:54.780> however<00:21:55.290> thankfully<00:21:56.100> this<00:21:56.250> is<00:21:56.429> a 00:21:56.539 --> 00:21:56.549 align:start position:0% auditing however thankfully this is a 00:21:56.549 --> 00:21:59.360 align:start position:0% auditing however thankfully this is a closed<00:21:57.120> system<00:21:57.600> built<00:21:58.320> in<00:21:58.590> a<00:21:58.830> smart<00:21:59.160> contract 00:21:59.360 --> 00:21:59.370 align:start position:0% closed system built in a smart contract 00:21:59.370 --> 00:22:02.000 align:start position:0% closed system built in a smart contract and<00:21:59.790> it<00:21:59.910> so<00:22:00.059> it<00:22:00.179> is<00:22:00.299> very<00:22:00.540> isolated<00:22:01.320> one<00:22:01.770> of<00:22:01.890> the 00:22:02.000 --> 00:22:02.010 align:start position:0% and it so it is very isolated one of the 00:22:02.010 --> 00:22:03.650 align:start position:0% and it so it is very isolated one of the one<00:22:02.309> of<00:22:02.429> the<00:22:02.520> real<00:22:02.730> problems<00:22:03.360> that<00:22:03.450> we've 00:22:03.650 --> 00:22:03.660 align:start position:0% one of the real problems that we've 00:22:03.660 --> 00:22:05.510 align:start position:0% one of the real problems that we've faced<00:22:03.929> with<00:22:04.169> like<00:22:04.320> layer<00:22:04.530> two<00:22:04.770> constructions 00:22:05.510 --> 00:22:05.520 align:start position:0% faced with like layer two constructions 00:22:05.520 --> 00:22:07.760 align:start position:0% faced with like layer two constructions oftentimes<00:22:06.120> it's<00:22:06.540> like<00:22:06.720> how<00:22:07.080> do<00:22:07.140> you<00:22:07.320> audit 00:22:07.760 --> 00:22:07.770 align:start position:0% oftentimes it's like how do you audit 00:22:07.770 --> 00:22:10.490 align:start position:0% oftentimes it's like how do you audit this<00:22:07.980> like<00:22:08.240> multi-agent<00:22:09.500> multi-party 00:22:10.490 --> 00:22:10.500 align:start position:0% this like multi-agent multi-party 00:22:10.500 --> 00:22:13.280 align:start position:0% this like multi-agent multi-party distributed<00:22:11.340> system<00:22:11.850> where<00:22:12.419> like<00:22:12.690> everyone 00:22:13.280 --> 00:22:13.290 align:start position:0% distributed system where like everyone 00:22:13.290 --> 00:22:15.350 align:start position:0% distributed system where like everyone is<00:22:13.470> adversarial<00:22:14.309> it<00:22:14.669> turns<00:22:14.850> out<00:22:15.000> to<00:22:15.120> be<00:22:15.150> like 00:22:15.350 --> 00:22:15.360 align:start position:0% is adversarial it turns out to be like 00:22:15.360 --> 00:22:17.900 align:start position:0% is adversarial it turns out to be like extremely<00:22:15.990> extremely<00:22:16.530> difficult<00:22:16.770> so<00:22:17.250> doing 00:22:17.900 --> 00:22:17.910 align:start position:0% extremely extremely difficult so doing 00:22:17.910 --> 00:22:20.630 align:start position:0% extremely extremely difficult so doing that<00:22:18.090> it's<00:22:18.299> like<00:22:18.419> is<00:22:18.750> quite<00:22:19.200> hard<00:22:19.530> and<00:22:19.740> doing<00:22:20.280> a 00:22:20.630 --> 00:22:20.640 align:start position:0% that it's like is quite hard and doing a 00:22:20.640 --> 00:22:22.549 align:start position:0% that it's like is quite hard and doing a you<00:22:21.000> know<00:22:21.059> an<00:22:21.240> audit<00:22:21.570> for<00:22:21.809> a<00:22:21.870> smart<00:22:22.380> contract 00:22:22.549 --> 00:22:22.559 align:start position:0% you know an audit for a smart contract 00:22:22.559 --> 00:22:25.340 align:start position:0% you know an audit for a smart contract state<00:22:23.040> verification<00:22:23.220> game<00:22:23.850> is<00:22:24.059> you<00:22:24.990> know<00:22:25.080> at 00:22:25.340 --> 00:22:25.350 align:start position:0% state verification game is you know at 00:22:25.350 --> 00:22:28.610 align:start position:0% state verification game is you know at least<00:22:25.890> more<00:22:26.490> tightly<00:22:26.790> scoped<00:22:27.270> so<00:22:27.780> that<00:22:28.169> is<00:22:28.380> the 00:22:28.610 --> 00:22:28.620 align:start position:0% least more tightly scoped so that is the 00:22:28.620 --> 00:22:30.020 align:start position:0% least more tightly scoped so that is the that<00:22:28.830> is<00:22:28.890> the<00:22:29.040> hope<00:22:29.280> for<00:22:29.490> why<00:22:29.640> that<00:22:29.850> is 00:22:30.020 --> 00:22:30.030 align:start position:0% that is the hope for why that is 00:22:30.030 --> 00:22:31.669 align:start position:0% that is the hope for why that is significantly<00:22:30.600> easier<00:22:30.690> and<00:22:31.140> actually<00:22:31.230> in 00:22:31.669 --> 00:22:31.679 align:start position:0% significantly easier and actually in 00:22:31.679 --> 00:22:33.560 align:start position:0% significantly easier and actually in fact<00:22:31.890> we<00:22:32.309> know<00:22:32.490> it<00:22:32.669> is<00:22:32.820> significantly<00:22:33.480> easier 00:22:33.560 --> 00:22:33.570 align:start position:0% fact we know it is significantly easier 00:22:33.570 --> 00:22:36.380 align:start position:0% fact we know it is significantly easier to<00:22:34.140> do<00:22:34.260> the<00:22:34.470> smart<00:22:34.740> contracts<00:22:35.370> style<00:22:36.059> stuff 00:22:36.380 --> 00:22:36.390 align:start position:0% to do the smart contracts style stuff 00:22:36.390 --> 00:22:39.110 align:start position:0% to do the smart contracts style stuff because<00:22:37.049> if<00:22:37.320> we<00:22:37.860> were<00:22:37.980> to<00:22:38.040> think<00:22:38.370> of<00:22:38.520> for 00:22:39.110 --> 00:22:39.120 align:start position:0% because if we were to think of for 00:22:39.120 --> 00:22:41.480 align:start position:0% because if we were to think of for instance<00:22:39.210> building<00:22:40.140> a<00:22:40.380> you<00:22:40.799> know<00:22:40.919> order<00:22:41.309> book 00:22:41.480 --> 00:22:41.490 align:start position:0% instance building a you know order book 00:22:41.490 --> 00:22:43.730 align:start position:0% instance building a you know order book exchange<00:22:41.820> right<00:22:42.419> on<00:22:42.660> optimistic<00:22:43.440> roll-up 00:22:43.730 --> 00:22:43.740 align:start position:0% exchange right on optimistic roll-up 00:22:43.740 --> 00:22:47.590 align:start position:0% exchange right on optimistic roll-up technically<00:22:44.460> you<00:22:44.580> can<00:22:44.820> do<00:22:44.940> that<00:22:45.150> but<00:22:45.660> doing<00:22:46.620> a 00:22:47.590 --> 00:22:47.600 align:start position:0% technically you can do that but doing a 00:22:47.600 --> 00:22:51.140 align:start position:0% technically you can do that but doing a you<00:22:48.600> know<00:22:48.630> doing<00:22:49.110> unit<00:22:49.440> swap<00:22:49.710> was<00:22:49.919> way<00:22:50.309> easier 00:22:51.140 --> 00:22:51.150 align:start position:0% you know doing unit swap was way easier 00:22:51.150 --> 00:22:52.760 align:start position:0% you know doing unit swap was way easier because<00:22:51.510> everything<00:22:52.260> is<00:22:52.380> on<00:22:52.470> chain 00:22:52.760 --> 00:22:52.770 align:start position:0% because everything is on chain 00:22:52.770 --> 00:22:54.470 align:start position:0% because everything is on chain everything's<00:22:53.340> in<00:22:53.460> a<00:22:53.580> smart<00:22:53.820> contract<00:22:54.240> there's 00:22:54.470 --> 00:22:54.480 align:start position:0% everything's in a smart contract there's 00:22:54.480 --> 00:22:56.750 align:start position:0% everything's in a smart contract there's like<00:22:54.809> you<00:22:55.200> know<00:22:55.230> it's<00:22:55.710> much<00:22:55.950> easier<00:22:56.340> to<00:22:56.400> kind 00:22:56.750 --> 00:22:56.760 align:start position:0% like you know it's much easier to kind 00:22:56.760 --> 00:22:59.570 align:start position:0% like you know it's much easier to kind of<00:22:56.880> manage<00:22:57.540> conceptually<00:22:58.169> anyway<00:22:58.470> a<00:22:58.950> little 00:22:59.570 --> 00:22:59.580 align:start position:0% of manage conceptually anyway a little 00:22:59.580 --> 00:23:09.410 align:start position:0% of manage conceptually anyway a little long-winded<00:22:59.760> but<00:23:00.290> that's<00:23:01.290> not<00:23:01.440> you<00:23:01.530> think 00:23:09.410 --> 00:23:09.420 align:start position:0% 00:23:09.420 --> 00:23:11.480 align:start position:0% you