WEBVTT Kind: captions Language: en 00:00:01.220 --> 00:00:02.379 align:start position:0% [Music] 00:00:02.379 --> 00:00:02.389 align:start position:0% [Music] 00:00:02.389 --> 00:00:05.690 align:start position:0% [Music] all<00:00:03.389> right<00:00:03.629> hello<00:00:03.959> everybody<00:00:04.580> thank<00:00:05.580> you<00:00:05.640> for 00:00:05.690 --> 00:00:05.700 align:start position:0% all right hello everybody thank you for 00:00:05.700 --> 00:00:09.290 align:start position:0% all right hello everybody thank you for choosing<00:00:06.060> to<00:00:06.299> wait<00:00:07.290> with<00:00:07.560> me<00:00:07.589> for<00:00:08.519> Vlad's<00:00:09.000> talk 00:00:09.290 --> 00:00:09.300 align:start position:0% choosing to wait with me for Vlad's talk 00:00:09.300 --> 00:00:11.180 align:start position:0% choosing to wait with me for Vlad's talk I<00:00:09.599> appreciate<00:00:10.380> it 00:00:11.180 --> 00:00:11.190 align:start position:0% I appreciate it 00:00:11.190 --> 00:00:15.410 align:start position:0% I appreciate it but<00:00:12.000> I'm<00:00:12.679> I'm<00:00:13.679> here<00:00:14.070> today<00:00:14.280> to<00:00:14.340> talk<00:00:14.610> a<00:00:14.940> little 00:00:15.410 --> 00:00:15.420 align:start position:0% but I'm I'm here today to talk a little 00:00:15.420 --> 00:00:18.830 align:start position:0% but I'm I'm here today to talk a little bit<00:00:15.570> about<00:00:16.670> decentralization<00:00:17.670> and<00:00:18.090> the<00:00:18.480> Z 00:00:18.830 --> 00:00:18.840 align:start position:0% bit about decentralization and the Z 00:00:18.840 --> 00:00:21.830 align:start position:0% bit about decentralization and the Z cash<00:00:19.020> foundation<00:00:19.680> as<00:00:20.310> you<00:00:20.640> don't<00:00:20.789> know<00:00:20.970> me<00:00:21.119> my 00:00:21.830 --> 00:00:21.840 align:start position:0% cash foundation as you don't know me my 00:00:21.840 --> 00:00:23.840 align:start position:0% cash foundation as you don't know me my name<00:00:21.960> is<00:00:21.990> Josh<00:00:22.260> Cincinnati<00:00:22.769> you<00:00:23.640> may<00:00:23.760> have 00:00:23.840 --> 00:00:23.850 align:start position:0% name is Josh Cincinnati you may have 00:00:23.850 --> 00:00:26.000 align:start position:0% name is Josh Cincinnati you may have seen<00:00:24.000> me<00:00:24.119> on<00:00:24.180> Twitter<00:00:24.449> you<00:00:24.990> may<00:00:25.199> have<00:00:25.350> seen<00:00:25.830> me 00:00:26.000 --> 00:00:26.010 align:start position:0% seen me on Twitter you may have seen me 00:00:26.010 --> 00:00:29.089 align:start position:0% seen me on Twitter you may have seen me write<00:00:26.220> some<00:00:26.550> rather<00:00:26.939> sarcastic<00:00:27.740> white<00:00:28.740> papers 00:00:29.089 --> 00:00:29.099 align:start position:0% write some rather sarcastic white papers 00:00:29.099 --> 00:00:31.970 align:start position:0% write some rather sarcastic white papers from<00:00:29.460> time<00:00:29.640> to<00:00:29.730> time<00:00:29.840> but<00:00:30.840> my<00:00:30.990> main<00:00:31.349> job<00:00:31.679> and 00:00:31.970 --> 00:00:31.980 align:start position:0% from time to time but my main job and 00:00:31.980 --> 00:00:33.979 align:start position:0% from time to time but my main job and what<00:00:32.130> I'm<00:00:32.279> really<00:00:32.520> focused<00:00:32.940> on<00:00:33.059> is<00:00:33.300> helping<00:00:33.930> to 00:00:33.979 --> 00:00:33.989 align:start position:0% what I'm really focused on is helping to 00:00:33.989 --> 00:00:36.650 align:start position:0% what I'm really focused on is helping to distribute<00:00:34.290> power<00:00:34.680> in<00:00:35.550> the<00:00:35.850> Z<00:00:36.000> cash<00:00:36.149> protocol 00:00:36.650 --> 00:00:36.660 align:start position:0% distribute power in the Z cash protocol 00:00:36.660 --> 00:00:39.979 align:start position:0% distribute power in the Z cash protocol by<00:00:37.050> running<00:00:37.320> the<00:00:37.620> Z<00:00:37.770> cash<00:00:37.950> Foundation<00:00:38.989> so 00:00:39.979 --> 00:00:39.989 align:start position:0% by running the Z cash Foundation so 00:00:39.989 --> 00:00:41.209 align:start position:0% by running the Z cash Foundation so there's<00:00:40.170> a<00:00:40.230> specter<00:00:40.739> haunting 00:00:41.209 --> 00:00:41.219 align:start position:0% there's a specter haunting 00:00:41.219 --> 00:00:42.410 align:start position:0% there's a specter haunting cryptocurrencies 00:00:42.410 --> 00:00:42.420 align:start position:0% cryptocurrencies 00:00:42.420 --> 00:00:46.100 align:start position:0% cryptocurrencies it's<00:00:43.200> the<00:00:43.379> specter<00:00:43.920> of<00:00:44.180> are<00:00:45.180> we<00:00:45.390> decentralized 00:00:46.100 --> 00:00:46.110 align:start position:0% it's the specter of are we decentralized 00:00:46.110 --> 00:00:52.459 align:start position:0% it's the specter of are we decentralized yet.com<00:00:49.010> so<00:00:50.010> this<00:00:50.340> is<00:00:51.289> something<00:00:52.289> from 00:00:52.459 --> 00:00:52.469 align:start position:0% yet.com so this is something from 00:00:52.469 --> 00:00:57.279 align:start position:0% yet.com so this is something from Jackson<00:00:52.949> Palmer<00:00:53.370> who<00:00:54.059> has<00:00:54.210> made<00:00:55.160> a<00:00:56.160> rather 00:00:57.279 --> 00:00:57.289 align:start position:0% Jackson Palmer who has made a rather 00:00:57.289 --> 00:01:00.170 align:start position:0% Jackson Palmer who has made a rather welcome<00:00:58.289> addition<00:00:58.770> to<00:00:58.800> the<00:00:59.489> suite<00:00:59.820> of<00:00:59.850> data 00:01:00.170 --> 00:01:00.180 align:start position:0% welcome addition to the suite of data 00:01:00.180 --> 00:01:01.760 align:start position:0% welcome addition to the suite of data that<00:01:00.390> we<00:01:00.480> have<00:01:00.690> on<00:01:00.719> whether<00:01:01.440> something<00:01:01.649> should 00:01:01.760 --> 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when it comes to decentralization<00:01:14.130> but<00:01:14.820> it<00:01:15.509> doesn't<00:01:15.840> truly 00:01:16.760 --> 00:01:16.770 align:start position:0% decentralization but it doesn't truly 00:01:16.770 --> 00:01:18.289 align:start position:0% decentralization but it doesn't truly answer<00:01:17.159> the<00:01:17.280> question<00:01:17.670> it<00:01:17.759> provides<00:01:18.060> us<00:01:18.270> with 00:01:18.289 --> 00:01:18.299 align:start position:0% answer the question it provides us with 00:01:18.299 --> 00:01:22.010 align:start position:0% answer the question it provides us with intuition<00:01:19.140> and<00:01:19.290> heuristics<00:01:19.830> and<00:01:20.670> it<00:01:21.360> leads<00:01:21.840> I 00:01:22.010 --> 00:01:22.020 align:start position:0% intuition and heuristics and it leads I 00:01:22.020 --> 00:01:24.830 align:start position:0% intuition and heuristics and it leads I think<00:01:22.200> a<00:01:22.259> lot<00:01:22.439> of<00:01:22.470> us<00:01:22.650> to<00:01:23.390> realize<00:01:24.390> that<00:01:24.420> like 00:01:24.830 --> 00:01:24.840 align:start position:0% think a lot of us to realize that like 00:01:24.840 --> 00:01:27.859 align:start position:0% think a lot of us to realize that like that<00:01:25.439> term<00:01:25.890> is<00:01:26.159> sort<00:01:26.430> of<00:01:26.460> overloaded<00:01:27.150> it's<00:01:27.810> a 00:01:27.859 --> 00:01:27.869 align:start position:0% that term is sort of overloaded it's a 00:01:27.869 --> 00:01:29.600 align:start position:0% that term is sort of overloaded it's a common<00:01:28.200> theme<00:01:28.409> it's<00:01:28.770> not<00:01:28.950> novel<00:01:29.310> for<00:01:29.430> me<00:01:29.520> to 00:01:29.600 --> 00:01:29.610 align:start position:0% common theme it's not novel for me to 00:01:29.610 --> 00:01:31.520 align:start position:0% common theme it's not novel for me to say<00:01:29.729> this<00:01:29.909> but<00:01:30.869> it<00:01:30.960> does<00:01:31.079> seem<00:01:31.229> like<00:01:31.259> it's<00:01:31.500> a 00:01:31.520 --> 00:01:31.530 align:start position:0% say this but it does seem like it's a 00:01:31.530 --> 00:01:34.780 align:start position:0% say this but it does seem like it's a bit<00:01:31.650> of<00:01:31.740> a<00:01:31.799> Shibboleth<00:01:32.040> in<00:01:32.460> our<00:01:32.700> community<00:01:33.630> and 00:01:34.780 --> 00:01:34.790 align:start position:0% bit of a Shibboleth in our community and 00:01:34.790 --> 00:01:40.010 align:start position:0% bit of a Shibboleth in our community and so<00:01:35.790> I'm<00:01:36.600> afraid<00:01:36.750> that<00:01:37.049> I<00:01:37.530> kind<00:01:38.310> of<00:01:38.840> did<00:01:39.840> a<00:01:39.869> bad 00:01:40.010 --> 00:01:40.020 align:start position:0% so I'm afraid that I kind of did a bad 00:01:40.020 --> 00:01:41.840 align:start position:0% so I'm afraid that I kind of did a bad job<00:01:40.049> with<00:01:40.350> my<00:01:40.439> title<00:01:40.680> I<00:01:41.009> made<00:01:41.430> a<00:01:41.460> bit<00:01:41.700> of<00:01:41.790> a 00:01:41.840 --> 00:01:41.850 align:start position:0% job with my title I made a bit of a 00:01:41.850 --> 00:01:47.569 align:start position:0% job with my title I made a bit of a misnomer<00:01:42.350> in<00:01:43.350> reality<00:01:44.840> first<00:01:45.840> off<00:01:46.020> like<00:01:46.579> an 00:01:47.569 --> 00:01:47.579 align:start position:0% misnomer in reality first off like an 00:01:47.579 --> 00:01:49.399 align:start position:0% misnomer in reality first off like an unscrambled<00:01:48.210> egg<00:01:48.329> is<00:01:48.509> far<00:01:48.720> more<00:01:48.869> centralized 00:01:49.399 --> 00:01:49.409 align:start position:0% unscrambled egg is far more centralized 00:01:49.409 --> 00:01:50.870 align:start position:0% unscrambled egg is far more centralized than<00:01:49.530> a<00:01:49.590> scrambled<00:01:50.040> one<00:01:50.220> because<00:01:50.700> you<00:01:50.850> can 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about how 00:01:58.829 --> 00:02:01.969 align:start position:0% decentralization at all it's about how we<00:01:58.890> build<00:01:59.310> a<00:01:59.579> foundation<00:01:59.810> for<00:02:00.810> Z<00:02:01.530> cash<00:02:01.740> the 00:02:01.969 --> 00:02:01.979 align:start position:0% we build a foundation for Z cash the 00:02:01.979 --> 00:02:04.160 align:start position:0% we build a foundation for Z cash the protocol<00:02:02.460> to<00:02:02.640> grow<00:02:02.880> and<00:02:03.119> develop<00:02:03.570> beyond<00:02:04.049> the 00:02:04.160 --> 00:02:04.170 align:start position:0% protocol to grow and develop beyond the 00:02:04.170 --> 00:02:06.020 align:start position:0% protocol to grow and develop beyond the conflict<00:02:04.680> excuse<00:02:05.189> me<00:02:05.310> beyond<00:02:05.490> the<00:02:05.520> confines 00:02:06.020 --> 00:02:06.030 align:start position:0% conflict excuse me beyond the confines 00:02:06.030 --> 00:02:09.229 align:start position:0% conflict excuse me beyond the confines of<00:02:06.240> an<00:02:06.299> individual<00:02:06.780> company<00:02:07.849> so<00:02:08.849> the<00:02:08.910> question 00:02:09.229 --> 00:02:09.239 align:start position:0% of an individual company so the question 00:02:09.239 --> 00:02:10.520 align:start position:0% of an individual company so the question that<00:02:09.270> we<00:02:09.420> have<00:02:09.450> to<00:02:09.599> ask<00:02:09.720> ourselves<00:02:09.959> is<00:02:10.289> what 00:02:10.520 --> 00:02:10.530 align:start position:0% that we have to ask ourselves is what 00:02:10.530 --> 00:02:12.500 align:start position:0% that we have to ask ourselves is what are<00:02:10.800> we<00:02:10.890> really<00:02:11.069> after<00:02:11.459> like<00:02:11.670> what's<00:02:11.879> what's 00:02:12.500 --> 00:02:12.510 align:start position:0% are we really after like what's what's 00:02:12.510 --> 00:02:13.699 align:start position:0% are we really after like what's what's the<00:02:12.690> goal 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infrastructure<00:02:21.269> for<00:02:21.510> the<00:02:21.569> public<00:02:21.959> good<00:02:22.250> with 00:02:23.240 --> 00:02:23.250 align:start position:0% infrastructure for the public good with 00:02:23.250 --> 00:02:25.250 align:start position:0% infrastructure for the public good with a<00:02:23.280> particular<00:02:23.819> focus<00:02:24.060> on<00:02:24.269> the<00:02:24.930> Z<00:02:25.079> cash 00:02:25.250 --> 00:02:25.260 align:start position:0% a particular focus on the Z cash 00:02:25.260 --> 00:02:28.699 align:start position:0% a particular focus on the Z cash protocol<00:02:26.239> so<00:02:27.239> what<00:02:27.540> really<00:02:27.689> matters<00:02:28.109> to<00:02:28.290> us<00:02:28.319> is 00:02:28.699 --> 00:02:28.709 align:start position:0% protocol so what really matters to us is 00:02:28.709 --> 00:02:32.240 align:start position:0% protocol so what really matters to us is that<00:02:29.219> mission<00:02:30.379> matters<00:02:31.379> very<00:02:31.560> deeply<00:02:31.980> to<00:02:32.010> us 00:02:32.240 --> 00:02:32.250 align:start position:0% that mission matters very deeply to us 00:02:32.250 --> 00:02:35.000 align:start position:0% that mission matters very deeply to us at<00:02:32.519> the<00:02:32.760> foundation<00:02:33.269> and<00:02:33.620> what<00:02:34.620> that<00:02:34.739> means 00:02:35.000 --> 00:02:35.010 align:start position:0% at the foundation and what that means 00:02:35.010 --> 00:02:37.160 align:start position:0% at the foundation and what that means strategically<00:02:35.790> is<00:02:35.909> that<00:02:36.150> we're<00:02:36.599> meant<00:02:36.810> to<00:02:36.989> be 00:02:37.160 --> 00:02:37.170 align:start position:0% strategically is that we're meant to be 00:02:37.170 --> 00:02:39.140 align:start position:0% strategically is that we're meant to be a<00:02:37.500> check<00:02:37.829> and<00:02:37.980> balance<00:02:38.370> on<00:02:38.579> the<00:02:38.819> Z<00:02:38.969> cash 00:02:39.140 --> 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Z<00:02:48.239> cash<00:02:48.450> I'm<00:02:48.629> gonna<00:02:48.780> do<00:02:48.870> the<00:02:48.959> same<00:02:48.989> thing 00:02:49.159 --> 00:02:49.169 align:start position:0% with Z cash I'm gonna do the same thing 00:02:49.169 --> 00:02:51.289 align:start position:0% with Z cash I'm gonna do the same thing how<00:02:49.950> many<00:02:50.099> people<00:02:50.280> are<00:02:50.400> familiar<00:02:50.549> with<00:02:50.819> Z<00:02:51.090> cash 00:02:51.289 --> 00:02:51.299 align:start position:0% how many people are familiar with Z cash 00:02:51.299 --> 00:02:54.110 align:start position:0% how many people are familiar with Z cash hands<00:02:52.260> raised<00:02:52.560> great<00:02:52.919> ok<00:02:53.549> I'm<00:02:53.760> not<00:02:53.909> going<00:02:54.030> to 00:02:54.110 --> 00:02:54.120 align:start position:0% hands raised great ok I'm not going to 00:02:54.120 --> 00:02:55.729 align:start position:0% hands raised great ok I'm not going to go<00:02:54.209> over<00:02:54.359> the<00:02:54.450> history<00:02:54.540> then<00:02:54.870> but<00:02:55.620> how<00:02:55.680> many 00:02:55.729 --> 00:02:55.739 align:start position:0% go over the history then but how many 00:02:55.739 --> 00:02:57.830 align:start position:0% go over the history then but how many people<00:02:55.859> are<00:02:56.129> familiar<00:02:56.310> with<00:02:56.609> the<00:02:57.480> fact<00:02:57.720> that 00:02:57.830 --> 00:02:57.840 align:start position:0% people are familiar with the fact that 00:02:57.840 --> 00:03:00.409 align:start position:0% people are familiar with the fact that there<00:02:58.109> is<00:02:58.230> a<00:02:58.260> Z<00:02:58.530> cash<00:02:58.709> foundation<00:02:59.340> and<00:02:59.609> that<00:03:00.299> it 00:03:00.409 --> 00:03:00.419 align:start position:0% there is a Z cash foundation and that it 00:03:00.419 --> 00:03:02.509 align:start position:0% there is a Z cash foundation and that it is<00:03:00.510> a<00:03:00.540> separate<00:03:01.079> entity<00:03:01.230> from<00:03:02.099> the<00:03:02.159> Z<00:03:02.340> cash 00:03:02.509 --> 00:03:02.519 align:start position:0% is a separate entity from the Z cash 00:03:02.519 --> 00:03:06.649 align:start position:0% is a separate entity from the Z cash company<00:03:03.799> ok<00:03:04.799> ok<00:03:05.700> we're<00:03:05.849> doing<00:03:06.030> ok<00:03:06.269> that's 00:03:06.649 --> 00:03:06.659 align:start position:0% company ok ok we're doing ok that's 00:03:06.659 --> 00:03:08.449 align:start position:0% company ok ok we're doing ok that's that's<00:03:06.989> not<00:03:07.109> bad<00:03:07.349> there<00:03:07.950> seems<00:03:08.310> to<00:03:08.370> be 00:03:08.449 --> 00:03:08.459 align:start position:0% that's not bad there seems to be 00:03:08.459 --> 00:03:11.270 align:start position:0% that's not bad there seems to be confusion<00:03:08.639> around<00:03:09.239> that<00:03:09.419> generally<00:03:09.810> but<00:03:10.280> just 00:03:11.270 --> 00:03:11.280 align:start position:0% confusion around that generally but just 00:03:11.280 --> 00:03:14.000 align:start position:0% confusion around that generally but just to<00:03:11.959> snapshot<00:03:12.959> a<00:03:12.989> little<00:03:13.349> bit<00:03:13.469> of<00:03:13.560> that<00:03:13.620> history 00:03:14.000 --> 00:03:14.010 align:start position:0% to snapshot a little bit of that history 00:03:14.010 --> 00:03:16.220 align:start position:0% to snapshot a little bit of that history after<00:03:14.849> the<00:03:15.239> Z<00:03:15.359> cash<00:03:15.510> company<00:03:15.810> was<00:03:15.930> founded<00:03:16.109> and 00:03:16.220 --> 00:03:16.230 align:start position:0% after the Z cash company was founded and 00:03:16.230 --> 00:03:17.809 align:start position:0% after the Z cash company was founded and after<00:03:16.530> the<00:03:16.620> protocol<00:03:17.010> was<00:03:17.099> launched<00:03:17.459> a 00:03:17.809 --> 00:03:17.819 align:start position:0% after the protocol was launched a 00:03:17.819 --> 00:03:20.390 align:start position:0% after the protocol was launched a segment<00:03:18.569> of<00:03:18.659> the<00:03:19.169> founders<00:03:19.560> reward<00:03:19.949> that<00:03:20.280> was 00:03:20.390 --> 00:03:20.400 align:start position:0% segment of the founders reward that was 00:03:20.400 --> 00:03:23.530 align:start position:0% segment of the founders reward that was part<00:03:20.760> of<00:03:20.940> the<00:03:21.379> Zach<00:03:22.379> distribution<00:03:22.889> mechanism 00:03:23.530 --> 00:03:23.540 align:start position:0% part of the Zach distribution mechanism 00:03:23.540 --> 00:03:27.770 align:start position:0% part of the Zach distribution mechanism was<00:03:24.540> granted<00:03:25.379> by<00:03:25.560> some<00:03:26.129> of<00:03:26.220> the<00:03:26.280> early<00:03:26.780> earlier 00:03:27.770 --> 00:03:27.780 align:start position:0% was granted by some of the early earlier 00:03:27.780 --> 00:03:30.229 align:start position:0% was granted by some of the early earlier recipients<00:03:28.349> in<00:03:28.470> donated<00:03:29.220> to<00:03:29.519> the<00:03:29.909> Z<00:03:30.060> cash 00:03:30.229 --> 00:03:30.239 align:start position:0% recipients in donated to the Z cash 00:03:30.239 --> 00:03:32.379 align:start position:0% recipients in donated to the Z cash foundation<00:03:30.750> to<00:03:30.930> create<00:03:31.109> this<00:03:31.500> this<00:03:31.829> nonprofit 00:03:32.379 --> 00:03:32.389 align:start position:0% foundation to create this this nonprofit 00:03:32.389 --> 00:03:34.909 align:start position:0% foundation to create this this nonprofit and<00:03:33.389> the<00:03:33.810> idea<00:03:34.109> of<00:03:34.169> course<00:03:34.409> being<00:03:34.650> that<00:03:34.829> we 00:03:34.909 --> 00:03:34.919 align:start position:0% and the idea of course being that we 00:03:34.919 --> 00:03:37.939 align:start position:0% and the idea of course being that we would<00:03:35.040> help<00:03:35.159> distribute<00:03:35.519> power<00:03:36.739> so<00:03:37.739> what<00:03:37.829> does 00:03:37.939 --> 00:03:37.949 align:start position:0% would help distribute power so what does 00:03:37.949 --> 00:03:40.250 align:start position:0% would help distribute power so what does that<00:03:37.979> mean<00:03:38.250> for<00:03:38.939> us<00:03:39.000> starting<00:03:39.780> out<00:03:39.900> well<00:03:40.199> in 00:03:40.250 --> 00:03:40.260 align:start position:0% that mean for us starting out well in 00:03:40.260 --> 00:03:44.689 align:start position:0% that mean for us starting out well in 2017<00:03:40.829> we<00:03:41.189> had<00:03:41.370> some<00:03:41.669> real<00:03:42.269> low<00:03:42.750> bar<00:03:43.019> goals<00:03:43.699> no 00:03:44.689 --> 00:03:44.699 align:start position:0% 2017 we had some real low bar goals no 00:03:44.699 --> 00:03:47.479 align:start position:0% 2017 we had some real low bar goals no scandals<00:03:45.620> and<00:03:46.620> when<00:03:46.769> you<00:03:46.829> dispersed<00:03:47.280> some 00:03:47.479 --> 00:03:47.489 align:start position:0% scandals and when you dispersed some 00:03:47.489 --> 00:03:51.409 align:start position:0% scandals and when you dispersed some exploratory<00:03:47.879> grants<00:03:49.370> we<00:03:50.370> only<00:03:50.519> had<00:03:50.819> I<00:03:51.090> was 00:03:51.409 --> 00:03:51.419 align:start position:0% exploratory grants we only had I was 00:03:51.419 --> 00:03:52.879 align:start position:0% exploratory grants we only had I was only<00:03:51.540> part-time<00:03:51.989> at<00:03:52.319> the<00:03:52.349> time<00:03:52.590> the<00:03:52.769> only 00:03:52.879 --> 00:03:52.889 align:start position:0% only part-time at the time the only 00:03:52.889 --> 00:03:56.179 align:start position:0% only part-time at the time the only part-time<00:03:53.540> employee<00:03:54.540> there<00:03:54.930> so<00:03:55.889> that<00:03:56.069> was 00:03:56.179 --> 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role 00:04:03.329 --> 00:04:05.449 align:start position:0% what was the Z cash company's role responsibilities<00:04:04.049> and<00:04:04.650> was<00:04:04.799> literally 00:04:05.449 --> 00:04:05.459 align:start position:0% responsibilities and was literally 00:04:05.459 --> 00:04:08.449 align:start position:0% responsibilities and was literally everything<00:04:05.909> else<00:04:06.290> literally<00:04:07.340> everything<00:04:08.340> you 00:04:08.449 --> 00:04:08.459 align:start position:0% everything else literally everything you 00:04:08.459 --> 00:04:09.619 align:start position:0% everything else literally everything you can<00:04:08.579> possibly<00:04:08.849> imagine<00:04:08.970> protocol 00:04:09.619 --> 00:04:09.629 align:start position:0% can possibly imagine protocol 00:04:09.629 --> 00:04:12.679 align:start position:0% can possibly imagine protocol development<00:04:10.459> ecosystem<00:04:11.509> partnership<00:04:12.509> and 00:04:12.679 --> 00:04:12.689 align:start position:0% development ecosystem partnership and 00:04:12.689 --> 00:04:14.330 align:start position:0% development ecosystem partnership and growth<00:04:12.900> everything<00:04:13.739> was<00:04:13.859> on<00:04:13.919> the<00:04:13.979> company 00:04:14.330 --> 00:04:14.340 align:start position:0% growth everything was on the company 00:04:14.340 --> 00:04:17.930 align:start position:0% growth everything was on the company side<00:04:14.519> and<00:04:15.199> in<00:04:16.199> the<00:04:16.320> middle<00:04:16.590> we<00:04:17.280> all<00:04:17.549> had<00:04:17.820> to 00:04:17.930 --> 00:04:17.940 align:start position:0% side and in the middle we all had to 00:04:17.940 --> 00:04:20.089 align:start position:0% side and in the middle we all had to confuse<00:04:18.389> everyone<00:04:18.840> by<00:04:19.139> having<00:04:19.409> Z<00:04:19.560> cash<00:04:19.739> in<00:04:20.009> the 00:04:20.089 --> 00:04:20.099 align:start position:0% confuse everyone by having Z cash in the 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dispersing<00:04:34.900> more<00:04:35.139> grants<00:04:35.529> to<00:04:35.680> more<00:04:35.830> ecosystem 00:04:36.330 --> 00:04:36.340 align:start position:0% dispersing more grants to more ecosystem 00:04:36.340 --> 00:04:38.820 align:start position:0% dispersing more grants to more ecosystem participants<00:04:37.240> stay<00:04:38.050> tuned<00:04:38.259> for<00:04:38.469> next<00:04:38.560> week 00:04:38.820 --> 00:04:38.830 align:start position:0% participants stay tuned for next week 00:04:38.830 --> 00:04:40.800 align:start position:0% participants stay tuned for next week for<00:04:39.009> our<00:04:39.099> grant<00:04:39.340> disbursements<00:04:39.879> we've<00:04:40.659> been 00:04:40.800 --> 00:04:40.810 align:start position:0% for our grant disbursements we've been 00:04:40.810 --> 00:04:42.869 align:start position:0% for our grant disbursements we've been experimenting<00:04:41.650> with<00:04:41.770> different<00:04:41.919> governance 00:04:42.869 --> 00:04:42.879 align:start position:0% experimenting with different governance 00:04:42.879 --> 00:04:45.059 align:start position:0% experimenting with different governance structures<00:04:43.379> incubating<00:04:44.379> them<00:04:44.469> you<00:04:44.710> might<00:04:44.860> say 00:04:45.059 --> 00:04:45.069 align:start position:0% structures incubating them you might say 00:04:45.069 --> 00:04:47.850 align:start position:0% structures incubating them you might say I<00:04:45.699> apologize<00:04:46.689> in<00:04:46.779> advance<00:04:46.840> I'm<00:04:47.199> a<00:04:47.259> new<00:04:47.379> dad<00:04:47.560> so 00:04:47.850 --> 00:04:47.860 align:start position:0% I apologize in advance I'm a new dad so 00:04:47.860 --> 00:04:51.119 align:start position:0% I apologize in advance I'm a new dad so the<00:04:47.949> dad<00:04:48.129> jokes<00:04:48.400> are<00:04:48.610> gonna<00:04:48.789> come<00:04:49.770> then<00:04:50.770> the 00:04:51.119 --> 00:04:51.129 align:start position:0% the dad jokes are gonna come then the 00:04:51.129 --> 00:04:53.700 align:start position:0% the dad jokes are gonna come then the the<00:04:52.029> other<00:04:52.270> piece<00:04:52.599> that<00:04:52.629> we're<00:04:52.960> going<00:04:53.110> that 00:04:53.700 --> 00:04:53.710 align:start position:0% the other piece that we're going that 00:04:53.710 --> 00:04:56.149 align:start position:0% the other piece that we're going that we've<00:04:54.249> been<00:04:54.370> working<00:04:54.759> on<00:04:54.879> is<00:04:55.029> actually 00:04:56.149 --> 00:04:56.159 align:start position:0% we've been working on is actually 00:04:56.159 --> 00:04:58.409 align:start position:0% we've been working on is actually hosting<00:04:57.159> and<00:04:57.279> supporting<00:04:57.639> meetups<00:04:57.969> and<00:04:58.210> Zeke 00:04:58.409 --> 00:04:58.419 align:start position:0% hosting and supporting meetups and Zeke 00:04:58.419 --> 00:05:02.070 align:start position:0% hosting and supporting meetups and Zeke on<00:04:58.569> 0<00:04:58.949> and<00:04:59.949> also<00:05:00.759> something<00:05:01.599> that's<00:05:01.779> new<00:05:02.050> that 00:05:02.070 --> 00:05:02.080 align:start position:0% on 0 and also something that's new that 00:05:02.080 --> 00:05:03.480 align:start position:0% on 0 and also something that's new that we're<00:05:02.439> getting<00:05:02.680> into<00:05:02.919> is<00:05:03.159> researching 00:05:03.480 --> 00:05:03.490 align:start position:0% we're getting into is researching 00:05:03.490 --> 00:05:04.830 align:start position:0% we're getting into is researching speculative<00:05:04.120> cryptography<00:05:04.569> that<00:05:04.599> could 00:05:04.830 --> 00:05:04.840 align:start position:0% speculative cryptography that could 00:05:04.840 --> 00:05:06.899 align:start position:0% speculative cryptography that could benefit<00:05:05.199> anyone<00:05:05.979> that's<00:05:06.219> working<00:05:06.370> on<00:05:06.699> on 00:05:06.899 --> 00:05:06.909 align:start position:0% benefit anyone that's working on on 00:05:06.909 --> 00:05:10.709 align:start position:0% benefit anyone that's working on on privacy<00:05:07.800> in<00:05:08.800> crypto<00:05:09.430> systems<00:05:09.819> so<00:05:10.240> the<00:05:10.479> Z<00:05:10.599> cache 00:05:10.709 --> 00:05:10.719 align:start position:0% privacy in crypto systems so the Z cache 00:05:10.719 --> 00:05:13.409 align:start position:0% privacy in crypto systems so the Z cache company<00:05:11.080> has<00:05:11.349> still<00:05:12.340> maintained<00:05:12.849> a<00:05:13.150> fair 00:05:13.409 --> 00:05:13.419 align:start position:0% company has still maintained a fair 00:05:13.419 --> 00:05:15.559 align:start position:0% company has still maintained a fair amount<00:05:13.509> of<00:05:13.629> control<00:05:13.990> over<00:05:14.319> Z<00:05:14.650> cache<00:05:14.860> D 00:05:15.559 --> 00:05:15.569 align:start position:0% amount of control over Z cache D 00:05:15.569 --> 00:05:17.429 align:start position:0% amount of control over Z cache D supermajority<00:05:16.569> of<00:05:16.599> protocol<00:05:17.020> roadmap<00:05:17.289> and 00:05:17.429 --> 00:05:17.439 align:start position:0% supermajority of protocol roadmap and 00:05:17.439 --> 00:05:19.589 align:start position:0% supermajority of protocol roadmap and feature<00:05:17.560> development<00:05:18.039> and<00:05:18.610> also<00:05:18.819> other<00:05:19.270> sort 00:05:19.589 --> 00:05:19.599 align:start position:0% feature development and also other sort 00:05:19.599 --> 00:05:21.600 align:start position:0% feature development and also other sort of<00:05:19.629> broader<00:05:19.870> ecosystem<00:05:19.960> development<00:05:20.949> and 00:05:21.600 --> 00:05:21.610 align:start position:0% of broader ecosystem development and 00:05:21.610 --> 00:05:23.790 align:start position:0% of broader ecosystem development and partnership<00:05:22.150> opportunities<00:05:22.659> but<00:05:23.469> in<00:05:23.650> the 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year<00:05:40.139> but<00:05:41.399> why<00:05:42.399> are<00:05:42.939> those 00:05:43.079 --> 00:05:43.089 align:start position:0% particularly next year but why are those 00:05:43.089 --> 00:05:45.029 align:start position:0% particularly next year but why are those roles<00:05:43.509> distributed<00:05:44.110> the<00:05:44.169> way<00:05:44.289> they<00:05:44.439> are<00:05:44.649> and 00:05:45.029 --> 00:05:45.039 align:start position:0% roles distributed the way they are and 00:05:45.039 --> 00:05:46.709 align:start position:0% roles distributed the way they are and what<00:05:45.339> what<00:05:45.580> underlies<00:05:45.849> them<00:05:46.360> what<00:05:46.539> motivates 00:05:46.709 --> 00:05:46.719 align:start position:0% what what underlies them what motivates 00:05:46.719 --> 00:05:48.809 align:start position:0% what what underlies them what motivates them<00:05:47.199> what<00:05:47.229> incentivizes<00:05:47.379> them<00:05:48.310> we<00:05:48.520> love 00:05:48.809 --> 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pretty pretty stark corporate language<00:06:00.580> and<00:06:00.879> bylaws<00:06:01.569> in<00:06:02.199> the<00:06:02.589> Z<00:06:02.740> cache 00:06:02.909 --> 00:06:02.919 align:start position:0% language and bylaws in the Z cache 00:06:02.919 --> 00:06:05.279 align:start position:0% language and bylaws in the Z cache company<00:06:03.370> there<00:06:03.759> is<00:06:04.000> a<00:06:04.029> fiduciary<00:06:04.629> duty<00:06:05.199> to 00:06:05.279 --> 00:06:05.289 align:start position:0% company there is a fiduciary duty to 00:06:05.289 --> 00:06:07.469 align:start position:0% company there is a fiduciary duty to shareholders<00:06:05.830> as<00:06:06.039> a<00:06:06.310> for-profit<00:06:06.759> and<00:06:07.389> the 00:06:07.469 --> 00:06:07.479 align:start position:0% shareholders as a for-profit and the 00:06:07.479 --> 00:06:10.679 align:start position:0% shareholders as a for-profit and the foundation<00:06:07.960> it's<00:06:08.289> a<00:06:08.409> duty<00:06:08.680> of<00:06:08.770> care<00:06:09.149> as<00:06:10.149> as<00:06:10.629> a 00:06:10.679 --> 00:06:10.689 align:start position:0% foundation it's a duty of care as as a 00:06:10.689 --> 00:06:12.649 align:start position:0% foundation it's a duty of care as as a non-profit<00:06:11.409> the<00:06:11.500> board<00:06:11.770> is<00:06:12.039> tasked<00:06:12.580> with 00:06:12.649 --> 00:06:12.659 align:start position:0% non-profit the board is tasked with 00:06:12.659 --> 00:06:15.179 align:start position:0% non-profit the board is tasked with making<00:06:13.659> sure<00:06:13.990> that<00:06:14.229> the<00:06:14.349> foundation<00:06:14.469> is<00:06:14.949> is 00:06:15.179 --> 00:06:15.189 align:start position:0% making sure that the foundation is is 00:06:15.189 --> 00:06:17.550 align:start position:0% making sure that the foundation is is still<00:06:15.939> in<00:06:16.300> line<00:06:16.629> and<00:06:16.899> guided<00:06:17.229> tour<00:06:17.409> their 00:06:17.550 --> 00:06:17.560 align:start position:0% still in line and guided tour their 00:06:17.560 --> 00:06:20.010 align:start position:0% still in line and guided tour their mission<00:06:18.330> the<00:06:19.330> other<00:06:19.479> thing<00:06:19.719> that's<00:06:19.810> rather 00:06:20.010 --> 00:06:20.020 align:start position:0% mission the other thing that's rather 00:06:20.020 --> 00:06:22.200 align:start position:0% mission the other thing that's rather interesting<00:06:20.139> that<00:06:20.589> I<00:06:20.770> think<00:06:21.009> will<00:06:21.189> help<00:06:21.879> to 00:06:22.200 --> 00:06:22.210 align:start position:0% interesting that I think will help to 00:06:22.210 --> 00:06:24.450 align:start position:0% interesting that I think will help to explain<00:06:22.719> how<00:06:23.050> even<00:06:23.469> foundations<00:06:24.310> in 00:06:24.450 --> 00:06:24.460 align:start position:0% explain how even foundations in 00:06:24.460 --> 00:06:26.339 align:start position:0% explain how even foundations in particular<00:06:24.939> us-based<00:06:25.389> nonprofits<00:06:25.990> that<00:06:26.139> pass 00:06:26.339 --> 00:06:26.349 align:start position:0% particular us-based nonprofits that pass 00:06:26.349 --> 00:06:30.929 align:start position:0% particular us-based nonprofits that pass the<00:06:26.560> public<00:06:26.969> support<00:06:27.969> test<00:06:28.210> can<00:06:29.110> be<00:06:29.259> more<00:06:29.939> can 00:06:30.929 --> 00:06:30.939 align:start position:0% the public support test can be more can 00:06:30.939 --> 00:06:33.829 align:start position:0% the public support test can be more can actually<00:06:31.509> help<00:06:31.810> encourage<00:06:32.289> even<00:06:32.439> more 00:06:33.829 --> 00:06:33.839 align:start position:0% actually help encourage even more 00:06:33.839 --> 00:06:35.550 align:start position:0% actually help encourage even more disbursement<00:06:34.839> of<00:06:34.899> power<00:06:35.080> and<00:06:35.229> I'll<00:06:35.319> get<00:06:35.440> into 00:06:35.550 --> 00:06:35.560 align:start position:0% disbursement of power and I'll get into 00:06:35.560 --> 00:06:37.259 align:start position:0% disbursement of power and I'll get into that<00:06:35.649> a<00:06:35.740> little<00:06:35.860> bit<00:06:36.069> later<00:06:36.250> but<00:06:37.060> in<00:06:37.180> the 00:06:37.259 --> 00:06:37.269 align:start position:0% that a little bit later but in the 00:06:37.269 --> 00:06:40.250 align:start position:0% that a little bit later but in the middle<00:06:37.479> we<00:06:37.569> still<00:06:37.870> have<00:06:38.289> a<00:06:38.319> common<00:06:39.009> shared 00:06:40.250 --> 00:06:40.260 align:start position:0% middle we still have a common shared 00:06:40.260 --> 00:06:43.190 align:start position:0% middle we still have a common shared ideology<00:06:40.620> which<00:06:41.190> is<00:06:41.400> do<00:06:42.360> good<00:06:42.570> by<00:06:42.720> advancing 00:06:43.190 --> 00:06:43.200 align:start position:0% ideology which is do good by advancing 00:06:43.200 --> 00:06:44.720 align:start position:0% ideology which is do good by advancing privacy<00:06:43.650> everywhere<00:06:44.070> particularly<00:06:44.520> in 00:06:44.720 --> 00:06:44.730 align:start position:0% privacy everywhere particularly in 00:06:44.730 --> 00:06:46.280 align:start position:0% privacy everywhere particularly in payments<00:06:45.150> and<00:06:45.690> internet<00:06:46.140> payment 00:06:46.280 --> 00:06:46.290 align:start position:0% payments and internet payment 00:06:46.290 --> 00:06:48.620 align:start position:0% payments and internet payment infrastructure<00:06:46.980> and<00:06:47.670> to<00:06:47.850> maintain<00:06:48.270> and<00:06:48.600> grow 00:06:48.620 --> 00:06:48.630 align:start position:0% infrastructure and to maintain and grow 00:06:48.630 --> 00:06:52.960 align:start position:0% infrastructure and to maintain and grow and<00:06:49.530> grow<00:06:49.710> Z<00:06:49.980> cash<00:06:51.020> so<00:06:52.020> why<00:06:52.380> aren't<00:06:52.530> there<00:06:52.710> more 00:06:52.960 --> 00:06:52.970 align:start position:0% and grow Z cash so why aren't there more 00:06:52.970 --> 00:06:55.250 align:start position:0% and grow Z cash so why aren't there more stakeholders<00:06:53.970> with<00:06:54.210> more<00:06:54.420> Venn<00:06:54.720> diagrams 00:06:55.250 --> 00:06:55.260 align:start position:0% stakeholders with more Venn diagrams 00:06:55.260 --> 00:06:57.770 align:start position:0% stakeholders with more Venn diagrams well<00:06:55.620> the<00:06:56.280> lazy<00:06:56.460> answer<00:06:56.820> is<00:06:57.030> this<00:06:57.540> is<00:06:57.690> the 00:06:57.770 --> 00:06:57.780 align:start position:0% well the lazy answer is this is the 00:06:57.780 --> 00:06:59.690 align:start position:0% well the lazy answer is this is the template<00:06:58.110> I<00:06:58.230> got<00:06:58.410> from<00:06:58.650> DEFCON<00:06:59.010> 4<00:06:59.310> and<00:06:59.610> they 00:06:59.690 --> 00:06:59.700 align:start position:0% template I got from DEFCON 4 and they 00:06:59.700 --> 00:07:02.080 align:start position:0% template I got from DEFCON 4 and they didn't<00:07:00.060> have<00:07:00.210> three<00:07:00.870> circles<00:07:01.470> for<00:07:01.710> me<00:07:01.770> to<00:07:01.860> use 00:07:02.080 --> 00:07:02.090 align:start position:0% didn't have three circles for me to use 00:07:02.090 --> 00:07:07.190 align:start position:0% didn't have three circles for me to use but<00:07:03.090> the<00:07:03.450> actual<00:07:03.780> answer<00:07:04.170> is<00:07:04.200> that<00:07:05.160> in<00:07:06.090> a<00:07:06.750> lot 00:07:07.190 --> 00:07:07.200 align:start position:0% but the actual answer is that in a lot 00:07:07.200 --> 00:07:10.010 align:start position:0% but the actual answer is that in a lot of<00:07:07.460> political<00:07:08.460> history<00:07:08.790> in<00:07:09.090> particular<00:07:09.210> there 00:07:10.010 --> 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or<00:07:18.150> for<00:07:18.450> worse<00:07:18.630> but<00:07:18.660> in<00:07:19.140> general 00:07:20.090 --> 00:07:20.100 align:start position:0% for better or for worse but in general 00:07:20.100 --> 00:07:21.980 align:start position:0% for better or for worse but in general these<00:07:20.310> these<00:07:20.880> sorts<00:07:21.150> of<00:07:21.180> distributions<00:07:21.660> lead 00:07:21.980 --> 00:07:21.990 align:start position:0% these these sorts of distributions lead 00:07:21.990 --> 00:07:24.590 align:start position:0% these these sorts of distributions lead to<00:07:22.230> Stabler<00:07:22.740> periods<00:07:23.220> of<00:07:23.370> development<00:07:24.000> and 00:07:24.590 --> 00:07:24.600 align:start position:0% to Stabler periods of development and 00:07:24.600 --> 00:07:28.600 align:start position:0% to Stabler periods of development and and<00:07:24.870> and<00:07:25.260> more<00:07:25.500> advancement<00:07:26.040> in<00:07:26.160> society 00:07:28.600 --> 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common<00:07:38.700> goals<00:07:38.850> and<00:07:39.150> aims<00:07:39.360> but 00:07:39.650 --> 00:07:39.660 align:start position:0% where you have common goals and aims but 00:07:39.660 --> 00:07:41.480 align:start position:0% where you have common goals and aims but there<00:07:39.840> are<00:07:39.960> places<00:07:40.200> where<00:07:40.560> you<00:07:40.710> might<00:07:40.920> not 00:07:41.480 --> 00:07:41.490 align:start position:0% there are places where you might not 00:07:41.490 --> 00:07:44.180 align:start position:0% there are places where you might not completely<00:07:41.850> agree<00:07:42.570> and<00:07:43.410> in<00:07:43.530> those<00:07:43.620> cases<00:07:43.860> it's 00:07:44.180 --> 00:07:44.190 align:start position:0% completely agree and in those cases it's 00:07:44.190 --> 00:07:47.030 align:start position:0% completely agree and in those cases it's not<00:07:44.220> just<00:07:44.430> powerful<00:07:44.760> but<00:07:45.060> it's<00:07:45.210> empowering<00:07:46.040> it 00:07:47.030 --> 00:07:47.040 align:start position:0% not just powerful but it's empowering it 00:07:47.040 --> 00:07:49.820 align:start position:0% not just powerful but it's empowering it enables<00:07:47.520> participants<00:07:47.700> who<00:07:48.690> may<00:07:49.320> not<00:07:49.560> have<00:07:49.800> a 00:07:49.820 --> 00:07:49.830 align:start position:0% enables participants who may not have a 00:07:49.830 --> 00:07:52.070 align:start position:0% enables participants who may not have a seat<00:07:50.400> at<00:07:50.520> the<00:07:50.550> table<00:07:50.820> at<00:07:51.300> one<00:07:51.810> particular 00:07:52.070 --> 00:07:52.080 align:start position:0% seat at the table at one particular 00:07:52.080 --> 00:07:53.720 align:start position:0% seat at the table at one particular structure<00:07:52.710> or<00:07:52.800> whether<00:07:52.950> you're<00:07:53.130> if<00:07:53.580> you're 00:07:53.720 --> 00:07:53.730 align:start position:0% structure or whether you're if you're 00:07:53.730 --> 00:07:55.280 align:start position:0% structure or whether you're if you're not<00:07:53.850> an<00:07:53.970> employee<00:07:54.270> of<00:07:54.450> the<00:07:54.510> Z<00:07:54.660> cash<00:07:54.810> company 00:07:55.280 --> 00:07:55.290 align:start position:0% not an employee of the Z cash company 00:07:55.290 --> 00:07:56.570 align:start position:0% not an employee of the Z cash company but<00:07:55.620> maybe<00:07:55.830> you're<00:07:56.040> an<00:07:56.130> open-source 00:07:56.570 --> 00:07:56.580 align:start position:0% but maybe you're an open-source 00:07:56.580 --> 00:07:58.010 align:start position:0% but maybe you're an open-source contributor<00:07:57.090> that<00:07:57.120> can<00:07:57.390> get<00:07:57.510> a<00:07:57.540> grant<00:07:57.870> from 00:07:58.010 --> 00:07:58.020 align:start position:0% contributor that can get a grant from 00:07:58.020 --> 00:07:59.900 align:start position:0% contributor that can get a grant from the<00:07:58.170> Z<00:07:58.290> cash<00:07:58.470> foundation<00:07:59.070> there<00:07:59.550> are<00:07:59.670> ways<00:07:59.880> for 00:07:59.900 --> 00:07:59.910 align:start position:0% the Z cash foundation there are ways for 00:07:59.910 --> 00:08:02.600 align:start position:0% the Z cash foundation there are ways for the<00:08:00.270> foundation<00:08:00.780> to<00:08:01.290> offer<00:08:01.590> an<00:08:02.040> opportunity 00:08:02.600 --> 00:08:02.610 align:start position:0% the foundation to offer an opportunity 00:08:02.610 --> 00:08:06.290 align:start position:0% the foundation to offer an opportunity to<00:08:02.960> effectively<00:08:03.960> roll<00:08:04.290> up<00:08:04.590> a<00:08:04.950> lot<00:08:05.640> of<00:08:05.940> user 00:08:06.290 --> 00:08:06.300 align:start position:0% to effectively roll up a lot of user 00:08:06.300 --> 00:08:08.780 align:start position:0% to effectively roll up a lot of user voice<00:08:06.600> and<00:08:06.900> user<00:08:07.080> will<00:08:07.610> into<00:08:08.610> our 00:08:08.780 --> 00:08:08.790 align:start position:0% voice and user will into our 00:08:08.790 --> 00:08:10.460 align:start position:0% voice and user will into our organization<00:08:09.420> and<00:08:09.600> to<00:08:09.720> be<00:08:09.960> the 00:08:10.460 --> 00:08:10.470 align:start position:0% organization and to be the 00:08:10.470 --> 00:08:13.700 align:start position:0% organization and to be the counterbalance<00:08:10.980> to<00:08:11.280> the<00:08:11.460> company<00:08:12.380> so<00:08:13.380> there's 00:08:13.700 --> 00:08:13.710 align:start position:0% counterbalance to the company so there's 00:08:13.710 --> 00:08:15.560 align:start position:0% counterbalance to the company so there's obviously<00:08:14.010> an<00:08:14.160> American<00:08:14.550> balance<00:08:15.120> of<00:08:15.330> sort<00:08:15.540> of 00:08:15.560 --> 00:08:15.570 align:start position:0% obviously an American balance of sort of 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position:0% analogy if political discourse was civil and<00:08:24.870> mutually<00:08:25.140> respectful<00:08:25.760> you<00:08:26.760> could<00:08:27.030> you 00:08:28.010 --> 00:08:28.020 align:start position:0% and mutually respectful you could you 00:08:28.020 --> 00:08:29.180 align:start position:0% and mutually respectful you could you could<00:08:28.170> say<00:08:28.320> that<00:08:28.470> the<00:08:28.530> Z<00:08:28.620> cash<00:08:28.770> company<00:08:29.100> is 00:08:29.180 --> 00:08:29.190 align:start position:0% could say that the Z cash company is 00:08:29.190 --> 00:08:31.940 align:start position:0% could say that the Z cash company is much<00:08:29.610> like<00:08:29.790> the<00:08:29.880> Senate<00:08:30.240> and<00:08:31.080> that<00:08:31.260> it's<00:08:31.500> a 00:08:31.940 --> 00:08:31.950 align:start position:0% much like the Senate and that it's a 00:08:31.950 --> 00:08:33.800 align:start position:0% much like the Senate and that it's a smaller<00:08:32.640> or<00:08:32.940> in<00:08:33.270> this<00:08:33.390> case<00:08:33.599> bigger 00:08:33.800 --> 00:08:33.810 align:start position:0% smaller or in this case bigger 00:08:33.810 --> 00:08:36.640 align:start position:0% smaller or in this case bigger organization<00:08:34.320> but<00:08:34.560> but<00:08:35.550> definitely<00:08:36.030> like 00:08:36.640 --> 00:08:36.650 align:start position:0% organization but but definitely like 00:08:36.650 --> 00:08:39.350 align:start position:0% organization but but definitely like represents<00:08:37.650> the<00:08:37.770> smaller<00:08:38.160> will<00:08:38.550> of<00:08:38.910> people 00:08:39.350 --> 00:08:39.360 align:start position:0% represents the smaller will of people 00:08:39.360 --> 00:08:41.089 align:start position:0% represents the smaller will of people whereas<00:08:40.080> the<00:08:40.169> House<00:08:40.290> of<00:08:40.470> Representatives 00:08:41.089 --> 00:08:41.099 align:start position:0% whereas the House of Representatives 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position:0% and it's it's actually like a I think a real<00:08:56.200> powerful<00:08:56.590> mental<00:08:57.310> model<00:08:57.580> for<00:08:57.610> people 00:08:57.960 --> 00:08:57.970 align:start position:0% real powerful mental model for people 00:08:57.970 --> 00:08:59.430 align:start position:0% real powerful mental model for people who<00:08:58.090> are<00:08:58.150> familiar<00:08:58.210> with<00:08:58.600> multi<00:08:59.050> signature 00:08:59.430 --> 00:08:59.440 align:start position:0% who are familiar with multi signature 00:08:59.440 --> 00:09:01.440 align:start position:0% who are familiar with multi signature transactions<00:09:00.040> because<00:09:00.310> that<00:09:00.910> makes<00:09:01.150> it<00:09:01.330> very 00:09:01.440 --> 00:09:01.450 align:start position:0% transactions because that makes it very 00:09:01.450 --> 00:09:03.810 align:start position:0% transactions because that makes it very easy<00:09:01.720> to<00:09:01.810> understand<00:09:02.410> like<00:09:02.740> how<00:09:03.160> things<00:09:03.580> can 00:09:03.810 --> 00:09:03.820 align:start position:0% easy to understand like how things can 00:09:03.820 --> 00:09:05.670 align:start position:0% easy to understand like how things can move<00:09:04.060> forward<00:09:04.540> how<00:09:04.750> protocols<00:09:05.440> can<00:09:05.620> be 00:09:05.670 --> 00:09:05.680 align:start position:0% move forward how protocols can be 00:09:05.680 --> 00:09:07.410 align:start position:0% move forward how protocols can be developed<00:09:06.220> when<00:09:06.610> you<00:09:06.700> have<00:09:06.970> these<00:09:07.180> two 00:09:07.410 --> 00:09:07.420 align:start position:0% developed when you have these two 00:09:07.420 --> 00:09:09.720 align:start position:0% developed when you have these two parties<00:09:07.840> that<00:09:07.870> have<00:09:08.530> similar<00:09:08.950> aims<00:09:09.130> but<00:09:09.400> maybe 00:09:09.720 --> 00:09:09.730 align:start position:0% parties that have similar aims but maybe 00:09:09.730 --> 00:09:12.150 align:start position:0% parties that have similar aims but maybe when<00:09:10.030> there's<00:09:10.210> conflict<00:09:10.480> there's<00:09:11.350> actually 00:09:12.150 --> 00:09:12.160 align:start position:0% when there's conflict there's actually 00:09:12.160 --> 00:09:14.550 align:start position:0% when there's conflict there's actually no<00:09:12.310> way<00:09:12.520> for<00:09:12.790> us<00:09:12.970> to<00:09:13.240> go<00:09:13.960> forward<00:09:13.990> in<00:09:14.500> a 00:09:14.550 --> 00:09:14.560 align:start position:0% no way for us to go forward in a 00:09:14.560 --> 00:09:16.200 align:start position:0% no way for us to go forward in a particular<00:09:15.040> feature<00:09:15.340> or<00:09:15.700> protocol 00:09:16.200 --> 00:09:16.210 align:start position:0% particular feature or protocol 00:09:16.210 --> 00:09:18.870 align:start position:0% particular feature or protocol development<00:09:16.810> and<00:09:17.410> I<00:09:17.650> also<00:09:17.920> view<00:09:18.400> this<00:09:18.610> as 00:09:18.870 --> 00:09:18.880 align:start position:0% development and I also view this as 00:09:18.880 --> 00:09:22.020 align:start position:0% development and I also view this as being<00:09:18.910> kind<00:09:19.600> of<00:09:19.720> a<00:09:20.280> fundamental<00:09:21.280> feature<00:09:21.730> and 00:09:22.020 --> 00:09:22.030 align:start position:0% being kind of a fundamental feature and 00:09:22.030 --> 00:09:23.100 align:start position:0% being kind of a fundamental feature and a<00:09:22.060> lot<00:09:22.240> of<00:09:22.270> these<00:09:22.420> bimodal<00:09:22.810> power 00:09:23.100 --> 00:09:23.110 align:start position:0% a lot of these bimodal power 00:09:23.110 --> 00:09:24.780 align:start position:0% a lot of these bimodal power distributions<00:09:23.800> and<00:09:24.010> in<00:09:24.190> fact<00:09:24.400> that<00:09:24.640> you'll 00:09:24.780 --> 00:09:24.790 align:start position:0% distributions and in fact that you'll 00:09:24.790 --> 00:09:26.520 align:start position:0% distributions and in fact that you'll you'll<00:09:25.060> wind<00:09:25.270> up<00:09:25.390> seeing<00:09:25.690> a<00:09:25.990> lot<00:09:26.410> of<00:09:26.440> this 00:09:26.520 --> 00:09:26.530 align:start position:0% you'll wind up seeing a lot of this 00:09:26.530 --> 00:09:28.140 align:start position:0% you'll wind up seeing a lot of this behavior<00:09:26.770> even<00:09:27.430> represented<00:09:27.910> within 00:09:28.140 --> 00:09:28.150 align:start position:0% behavior even represented within 00:09:28.150 --> 00:09:32.250 align:start position:0% behavior even represented within organizations<00:09:29.110> themselves<00:09:30.750> but<00:09:31.750> to<00:09:32.080> be 00:09:32.250 --> 00:09:32.260 align:start position:0% organizations themselves but to be 00:09:32.260 --> 00:09:33.780 align:start position:0% organizations themselves but to be intellectually<00:09:32.890> honest<00:09:33.190> it<00:09:33.370> is<00:09:33.520> still 00:09:33.780 --> 00:09:33.790 align:start position:0% intellectually honest it is still 00:09:33.790 --> 00:09:36.360 align:start position:0% intellectually honest it is still currently<00:09:34.210> more<00:09:34.420> like<00:09:34.630> one<00:09:35.110> of<00:09:35.140> one<00:09:35.440> because 00:09:36.360 --> 00:09:36.370 align:start position:0% currently more like one of one because 00:09:36.370 --> 00:09:38.100 align:start position:0% currently more like one of one because the<00:09:36.460> Z<00:09:36.580> cash<00:09:36.730> company<00:09:37.090> still<00:09:37.300> controls<00:09:37.720> a 00:09:38.100 --> 00:09:38.110 align:start position:0% the Z cash company still controls a 00:09:38.110 --> 00:09:41.070 align:start position:0% the Z cash company still controls a great<00:09:38.860> deal<00:09:39.160> of<00:09:39.490> protocol<00:09:40.030> development<00:09:40.600> and 00:09:41.070 --> 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position:0% excited about was the announcement earlier<00:09:47.740> this<00:09:47.950> week<00:09:48.310> that<00:09:48.640> we<00:09:49.120> had<00:09:49.210> the 00:09:49.260 --> 00:09:49.270 align:start position:0% earlier this week that we had the 00:09:49.270 --> 00:09:50.460 align:start position:0% earlier this week that we had the foundation<00:09:49.360> are<00:09:49.750> gonna<00:09:49.840> be<00:09:49.960> partnering<00:09:50.350> with 00:09:50.460 --> 00:09:50.470 align:start position:0% foundation are gonna be partnering with 00:09:50.470 --> 00:09:52.740 align:start position:0% foundation are gonna be partnering with parity<00:09:51.070> to<00:09:51.160> develop<00:09:51.520> develop<00:09:52.060> a<00:09:52.240> completely 00:09:52.740 --> 00:09:52.750 align:start position:0% parity to develop develop a completely 00:09:52.750 --> 00:09:56.640 align:start position:0% parity to develop develop a completely independent<00:09:53.940> implementation<00:09:54.940> of<00:09:55.840> from<00:09:56.380> the<00:09:56.500> Z 00:09:56.640 --> 00:09:56.650 align:start position:0% independent implementation of from the Z 00:09:56.650 --> 00:09:59.070 align:start position:0% independent implementation of from the Z cash<00:09:56.800> company<00:09:57.250> that<00:09:58.090> will<00:09:58.270> be<00:09:58.720> under 00:09:59.070 --> 00:09:59.080 align:start position:0% cash company that will be under 00:09:59.080 --> 00:10:02.240 align:start position:0% cash company that will be under foundation<00:09:59.260> control<00:10:00.130> after<00:10:00.910> it's<00:10:01.240> developed 00:10:02.240 --> 00:10:02.250 align:start position:0% foundation control after it's developed 00:10:02.250 --> 00:10:04.920 align:start position:0% foundation control after it's developed beyond<00:10:03.250> that<00:10:03.460> we've<00:10:03.730> had<00:10:04.000> these<00:10:04.180> experiments 00:10:04.920 --> 00:10:04.930 align:start position:0% beyond that we've had these experiments 00:10:04.930 --> 00:10:06.660 align:start position:0% beyond that we've had these experiments that<00:10:05.020> we've<00:10:05.140> been<00:10:05.230> incubating<00:10:05.830> particularly 00:10:06.660 --> 00:10:06.670 align:start position:0% that we've been incubating particularly 00:10:06.670 --> 00:10:08.670 align:start position:0% that we've been incubating particularly our<00:10:06.730> governance<00:10:07.030> panel<00:10:07.360> experiment<00:10:08.050> was<00:10:08.440> a 00:10:08.670 --> 00:10:08.680 align:start position:0% our governance panel experiment was a 00:10:08.680 --> 00:10:10.680 align:start position:0% our governance panel experiment was a really<00:10:09.250> interesting<00:10:09.460> way<00:10:09.700> for<00:10:09.850> us<00:10:10.120> to<00:10:10.330> try<00:10:10.660> and 00:10:10.680 --> 00:10:10.690 align:start position:0% really interesting way for us to try and 00:10:10.690 --> 00:10:14.070 align:start position:0% really interesting way for us to try and get<00:10:11.820> the<00:10:12.820> voices<00:10:13.030> of<00:10:13.300> the<00:10:13.390> community<00:10:13.870> but<00:10:14.020> it 00:10:14.070 --> 00:10:14.080 align:start position:0% get the voices of the community but it 00:10:14.080 --> 00:10:17.100 align:start position:0% get the voices of the community but it had<00:10:14.290> a<00:10:14.320> lot<00:10:14.530> of<00:10:14.650> flaws<00:10:15.150> namely<00:10:16.150> there<00:10:16.390> is<00:10:16.540> sort 00:10:17.100 --> 00:10:17.110 align:start position:0% had a lot of flaws namely there is sort 00:10:17.110 --> 00:10:19.910 align:start position:0% had a lot of flaws namely there is sort of<00:10:17.140> a<00:10:17.230> necessary<00:10:18.120> identifying<00:10:19.120> and 00:10:19.910 --> 00:10:19.920 align:start position:0% of a necessary identifying and 00:10:19.920 --> 00:10:21.960 align:start position:0% of a necessary identifying and identifiable<00:10:20.920> element<00:10:21.340> to<00:10:21.430> the<00:10:21.520> people<00:10:21.880> that 00:10:21.960 --> 00:10:21.970 align:start position:0% identifiable element to the people that 00:10:21.970 --> 00:10:23.520 align:start position:0% identifiable element to the people that were<00:10:22.090> participating<00:10:22.600> and<00:10:22.840> we<00:10:23.260> as<00:10:23.380> the 00:10:23.520 --> 00:10:23.530 align:start position:0% were participating and we as the 00:10:23.530 --> 00:10:25.440 align:start position:0% were participating and we as the foundation<00:10:24.070> had<00:10:24.550> to<00:10:24.640> be<00:10:24.730> arbiters<00:10:25.120> of<00:10:25.150> who 00:10:25.440 --> 00:10:25.450 align:start position:0% foundation had to be arbiters of who 00:10:25.450 --> 00:10:27.030 align:start position:0% foundation had to be arbiters of who could<00:10:25.690> and<00:10:25.870> couldn't<00:10:26.050> participate<00:10:26.320> but 00:10:27.030 --> 00:10:27.040 align:start position:0% could and couldn't participate but 00:10:27.040 --> 00:10:29.790 align:start position:0% could and couldn't participate but thanks<00:10:27.700> to<00:10:27.940> thanks<00:10:28.840> to<00:10:28.930> sapling<00:10:29.440> hopefully 00:10:29.790 --> 00:10:29.800 align:start position:0% thanks to thanks to sapling hopefully 00:10:29.800 --> 00:10:31.530 align:start position:0% thanks to thanks to sapling hopefully becoming<00:10:30.160> much<00:10:30.580> more<00:10:30.760> widely<00:10:31.000> used<00:10:31.210> and 00:10:31.530 --> 00:10:31.540 align:start position:0% becoming much more widely used and 00:10:31.540 --> 00:10:32.850 align:start position:0% becoming much more widely used and deployed<00:10:31.900> particularly<00:10:32.530> shielded 00:10:32.850 --> 00:10:32.860 align:start position:0% deployed particularly shielded 00:10:32.860 --> 00:10:34.590 align:start position:0% deployed particularly shielded transactions<00:10:33.460> there's<00:10:33.910> an<00:10:34.030> opportunity<00:10:34.210> for 00:10:34.590 --> 00:10:34.600 align:start position:0% transactions there's an opportunity for 00:10:34.600 --> 00:10:36.270 align:start position:0% transactions there's an opportunity for us<00:10:34.720> to<00:10:34.750> start<00:10:34.960> to<00:10:35.260> pull<00:10:35.500> community<00:10:35.950> members 00:10:36.270 --> 00:10:36.280 align:start position:0% us to start to pull community members 00:10:36.280 --> 00:10:38.850 align:start position:0% us to start to pull community members based<00:10:36.940> off<00:10:37.240> of<00:10:37.300> the<00:10:37.630> shielded<00:10:38.140> transaction 00:10:38.850 --> 00:10:38.860 align:start position:0% based off of the shielded transaction 00:10:38.860 --> 00:10:40.560 align:start position:0% based off of the shielded transaction pool<00:10:39.100> where<00:10:39.610> no<00:10:39.790> one<00:10:39.910> has<00:10:40.060> to<00:10:40.180> reveal<00:10:40.390> their 00:10:40.560 --> 00:10:40.570 align:start position:0% pool where no one has to reveal their 00:10:40.570 --> 00:10:43.050 align:start position:0% pool where no one has to reveal their identity<00:10:41.020> but<00:10:41.140> we<00:10:41.200> can<00:10:41.410> still<00:10:41.710> understand<00:10:42.310> in 00:10:43.050 --> 00:10:43.060 align:start position:0% identity but we can still understand in 00:10:43.060 --> 00:10:45.890 align:start position:0% identity but we can still understand in great<00:10:43.630> detail<00:10:44.080> the<00:10:44.350> will<00:10:44.830> of<00:10:44.860> the<00:10:45.250> community 00:10:45.890 --> 00:10:45.900 align:start position:0% great detail the will of the community 00:10:45.900 --> 00:10:49.080 align:start position:0% great detail the will of the community through<00:10:46.900> the<00:10:47.140> people<00:10:47.500> that<00:10:47.650> actually<00:10:47.860> hold<00:10:48.430> Z 00:10:49.080 --> 00:10:49.090 align:start position:0% through the people that actually hold Z 00:10:49.090 --> 00:10:52.080 align:start position:0% through the people that actually hold Z cash<00:10:49.330> in<00:10:49.600> in<00:10:50.260> the<00:10:50.410> shielded<00:10:50.920> pool<00:10:51.190> and<00:10:51.940> that 00:10:52.080 --> 00:10:52.090 align:start position:0% cash in in the shielded pool and that 00:10:52.090 --> 00:10:54.450 align:start position:0% cash in in the shielded pool and that really<00:10:52.360> excites<00:10:52.780> me<00:10:52.900> personally<00:10:53.680> I<00:10:53.830> I<00:10:54.070> don't 00:10:54.450 --> 00:10:54.460 align:start position:0% really excites me personally I I don't 00:10:54.460 --> 00:10:57.360 align:start position:0% really excites me personally I I don't think<00:10:54.700> that<00:10:54.910> as<00:10:55.180> many<00:10:55.630> as<00:10:55.750> discussed<00:10:56.200> in<00:10:56.500> sort 00:10:57.360 --> 00:10:57.370 align:start position:0% think that as many as discussed in sort 00:10:57.370 --> 00:10:59.400 align:start position:0% think that as many as discussed in sort of<00:10:57.400> pure<00:10:57.820> like<00:10:58.600> carbon<00:10:58.960> vote<00:10:59.110> style 00:10:59.400 --> 00:10:59.410 align:start position:0% of pure like carbon vote style 00:10:59.410 --> 00:11:03.000 align:start position:0% of pure like carbon vote style situations<00:11:00.190> it's<00:11:00.940> very<00:11:01.210> difficult<00:11:01.690> to<00:11:02.680> not 00:11:03.000 --> 00:11:03.010 align:start position:0% situations it's very difficult to not 00:11:03.010 --> 00:11:04.800 align:start position:0% situations it's very difficult to not have<00:11:03.190> those<00:11:03.310> systems<00:11:03.670> be<00:11:03.820> gamed<00:11:04.060> so<00:11:04.330> I<00:11:04.360> I<00:11:04.510> don't 00:11:04.800 --> 00:11:04.810 align:start position:0% have those systems be gamed so I I don't 00:11:04.810 --> 00:11:05.880 align:start position:0% have those systems be gamed so I I don't imagine<00:11:04.990> that<00:11:05.200> it'll<00:11:05.350> be<00:11:05.440> the<00:11:05.530> end-all<00:11:05.830> be-all 00:11:05.880 --> 00:11:05.890 align:start position:0% imagine that it'll be the end-all be-all 00:11:05.890 --> 00:11:07.049 align:start position:0% imagine that it'll be the end-all be-all of<00:11:06.250> what<00:11:06.790> in 00:11:07.049 --> 00:11:07.059 align:start position:0% of what in 00:11:07.059 --> 00:11:09.689 align:start position:0% of what in what<00:11:07.239> we<00:11:07.359> use<00:11:07.539> as<00:11:07.659> a<00:11:07.719> foundation<00:11:07.869> to<00:11:08.829> describe 00:11:09.689 --> 00:11:09.699 align:start position:0% what we use as a foundation to describe 00:11:09.699 --> 00:11:12.539 align:start position:0% what we use as a foundation to describe what<00:11:10.509> how<00:11:11.139> we<00:11:11.199> move<00:11:11.469> forward<00:11:11.709> but<00:11:11.949> I<00:11:12.009> think 00:11:12.539 --> 00:11:12.549 align:start position:0% what how we move forward but I think 00:11:12.549 --> 00:11:14.099 align:start position:0% what how we move forward but I think it's<00:11:12.669> going<00:11:12.849> to<00:11:12.909> be<00:11:13.029> a<00:11:13.059> useful<00:11:13.509> piece<00:11:13.749> of<00:11:13.929> data 00:11:14.099 --> 00:11:14.109 align:start position:0% it's going to be a useful piece of data 00:11:14.109 --> 00:11:17.129 align:start position:0% it's going to be a useful piece of data as<00:11:14.469> we<00:11:14.799> as<00:11:14.979> we<00:11:15.009> go<00:11:15.419> there's<00:11:16.419> the<00:11:16.569> grants<00:11:17.049> for 00:11:17.129 --> 00:11:17.139 align:start position:0% as we as we go there's the grants for 00:11:17.139 --> 00:11:18.659 align:start position:0% as we as we go there's the grants for the<00:11:17.229> ecosystem<00:11:17.409> development<00:11:18.159> there's<00:11:18.549> a 00:11:18.659 --> 00:11:18.669 align:start position:0% the ecosystem development there's a 00:11:18.669 --> 00:11:20.579 align:start position:0% the ecosystem development there's a future<00:11:19.059> trademark<00:11:19.659> agreement<00:11:20.109> with<00:11:20.289> the 00:11:20.579 --> 00:11:20.589 align:start position:0% future trademark agreement with the 00:11:20.589 --> 00:11:22.769 align:start position:0% future trademark agreement with the company<00:11:21.189> that<00:11:21.429> will<00:11:21.609> be<00:11:21.669> very<00:11:21.999> important<00:11:22.629> in 00:11:22.769 --> 00:11:22.779 align:start position:0% company that will be very important in 00:11:22.779 --> 00:11:26.579 align:start position:0% company that will be very important in determining<00:11:23.039> what<00:11:24.039> gets<00:11:24.309> called<00:11:24.729> Z<00:11:25.389> cash<00:11:25.629> and 00:11:26.579 --> 00:11:26.589 align:start position:0% determining what gets called Z cash and 00:11:26.589 --> 00:11:28.319 align:start position:0% determining what gets called Z cash and that's<00:11:26.799> something<00:11:27.039> that<00:11:27.189> I<00:11:27.369> think<00:11:27.489> will<00:11:28.059> have 00:11:28.319 --> 00:11:28.329 align:start position:0% that's something that I think will have 00:11:28.329 --> 00:11:30.869 align:start position:0% that's something that I think will have a<00:11:28.389> very<00:11:29.019> very<00:11:29.199> strong<00:11:29.349> analog<00:11:30.099> to<00:11:30.309> that<00:11:30.339> idea 00:11:30.869 --> 00:11:30.879 align:start position:0% a very very strong analog to that idea 00:11:30.879 --> 00:11:33.989 align:start position:0% a very very strong analog to that idea of<00:11:30.939> -<00:11:31.659> of<00:11:31.779> -<00:11:31.929> multi-sig<00:11:32.499> and<00:11:33.429> then<00:11:33.579> finally 00:11:33.989 --> 00:11:33.999 align:start position:0% of - of - multi-sig and then finally 00:11:33.999 --> 00:11:36.119 align:start position:0% of - of - multi-sig and then finally there<00:11:34.599> are<00:11:34.629> zip<00:11:34.929> process<00:11:35.319> improvements<00:11:35.949> where 00:11:36.119 --> 00:11:36.129 align:start position:0% there are zip process improvements where 00:11:36.129 --> 00:11:37.799 align:start position:0% there are zip process improvements where we're<00:11:36.639> going<00:11:36.789> to<00:11:36.849> be<00:11:36.939> working<00:11:37.089> diligently<00:11:37.689> to 00:11:37.799 --> 00:11:37.809 align:start position:0% we're going to be working diligently to 00:11:37.809 --> 00:11:40.159 align:start position:0% we're going to be working diligently to take<00:11:38.199> the<00:11:38.379> product<00:11:38.859> roadmap<00:11:39.249> and<00:11:39.459> feature 00:11:40.159 --> 00:11:40.169 align:start position:0% take the product roadmap and feature 00:11:40.169 --> 00:11:42.689 align:start position:0% take the product roadmap and feature discussion<00:11:41.169> that<00:11:41.349> currently<00:11:41.919> really<00:11:42.159> happens 00:11:42.689 --> 00:11:42.699 align:start position:0% discussion that currently really happens 00:11:42.699 --> 00:11:44.939 align:start position:0% discussion that currently really happens behind<00:11:42.909> closed<00:11:43.719> doors<00:11:44.019> and<00:11:44.289> make<00:11:44.649> it<00:11:44.769> more 00:11:44.939 --> 00:11:44.949 align:start position:0% behind closed doors and make it more 00:11:44.949 --> 00:11:50.999 align:start position:0% behind closed doors and make it more open<00:11:47.399> so<00:11:49.079> what's<00:11:50.079> the<00:11:50.199> point<00:11:50.409> of<00:11:50.589> talking 00:11:50.999 --> 00:11:51.009 align:start position:0% open so what's the point of talking 00:11:51.009 --> 00:11:52.979 align:start position:0% open so what's the point of talking about<00:11:51.309> all<00:11:51.459> this<00:11:51.759> in<00:11:52.329> the<00:11:52.449> context<00:11:52.869> of<00:11:52.899> the 00:11:52.979 --> 00:11:52.989 align:start position:0% about all this in the context of the 00:11:52.989 --> 00:11:55.169 align:start position:0% about all this in the context of the foundation<00:11:53.469> and<00:11:53.589> why<00:11:53.769> why<00:11:54.369> am<00:11:54.489> i<00:11:54.549> speaking<00:11:54.789> to 00:11:55.169 --> 00:11:55.179 align:start position:0% foundation and why why am i speaking to 00:11:55.179 --> 00:11:58.069 align:start position:0% foundation and why why am i speaking to you<00:11:55.569> about<00:11:55.779> it<00:11:55.989> well<00:11:56.859> it's<00:11:56.889> actually<00:11:57.249> quite 00:11:58.069 --> 00:11:58.079 align:start position:0% you about it well it's actually quite 00:11:58.079 --> 00:12:00.299 align:start position:0% you about it well it's actually quite prescriptive<00:11:59.079> for<00:11:59.679> people<00:11:59.979> here<00:12:00.159> that<00:12:00.249> have 00:12:00.299 --> 00:12:00.309 align:start position:0% prescriptive for people here that have 00:12:00.309 --> 00:12:02.969 align:start position:0% prescriptive for people here that have projects<00:12:00.969> that<00:12:01.299> they're<00:12:01.449> working<00:12:01.629> on<00:12:01.979> you 00:12:02.969 --> 00:12:02.979 align:start position:0% projects that they're working on you 00:12:02.979 --> 00:12:06.179 align:start position:0% projects that they're working on you really<00:12:03.429> should<00:12:03.939> consider<00:12:04.119> a<00:12:04.479> us-based<00:12:05.109> 501<00:12:05.919> C 00:12:06.179 --> 00:12:06.189 align:start position:0% really should consider a us-based 501 C 00:12:06.189 --> 00:12:10.139 align:start position:0% really should consider a us-based 501 C 3<00:12:06.959> now<00:12:07.959> look<00:12:08.139> I<00:12:08.259> I<00:12:08.289> know<00:12:08.499> that<00:12:08.949> we're<00:12:09.879> all<00:12:09.969> here 00:12:10.139 --> 00:12:10.149 align:start position:0% 3 now look I I know that we're all here 00:12:10.149 --> 00:12:11.879 align:start position:0% 3 now look I I know that we're all here to<00:12:10.269> dismantle<00:12:10.509> the<00:12:10.779> government<00:12:10.809> and<00:12:11.379> that's 00:12:11.879 --> 00:12:11.889 align:start position:0% to dismantle the government and that's 00:12:11.889 --> 00:12:15.149 align:start position:0% to dismantle the government and that's great<00:12:12.099> and<00:12:12.279> all<00:12:12.339> and<00:12:12.719> all<00:12:13.719> for<00:12:13.779> it<00:12:14.199> but<00:12:14.589> at<00:12:14.829> the 00:12:15.149 --> 00:12:15.159 align:start position:0% great and all and all for it but at the 00:12:15.159 --> 00:12:17.369 align:start position:0% great and all and all for it but at the in<00:12:15.459> the<00:12:15.579> meantime<00:12:15.789> I<00:12:16.479> think<00:12:16.749> it's<00:12:16.929> important 00:12:17.369 --> 00:12:17.379 align:start position:0% in the meantime I think it's important 00:12:17.379 --> 00:12:19.139 align:start position:0% in the meantime I think it's important to<00:12:17.469> recognize<00:12:17.619> that<00:12:17.949> we<00:12:18.219> shouldn't<00:12:18.519> dismiss 00:12:19.139 --> 00:12:19.149 align:start position:0% to recognize that we shouldn't dismiss 00:12:19.149 --> 00:12:22.049 align:start position:0% to recognize that we shouldn't dismiss hundreds<00:12:20.139> of<00:12:20.319> years<00:12:20.859> of<00:12:21.009> bureaucratic<00:12:21.669> legal 00:12:22.049 --> 00:12:22.059 align:start position:0% hundreds of years of bureaucratic legal 00:12:22.059 --> 00:12:25.349 align:start position:0% hundreds of years of bureaucratic legal tradition<00:12:22.569> that<00:12:23.139> helps<00:12:23.829> us<00:12:24.009> understand<00:12:24.639> how 00:12:25.349 --> 00:12:25.359 align:start position:0% tradition that helps us understand how 00:12:25.359 --> 00:12:27.809 align:start position:0% tradition that helps us understand how we<00:12:25.389> can<00:12:25.749> organize<00:12:25.989> and<00:12:26.829> reach<00:12:27.039> consensus<00:12:27.639> I 00:12:27.809 --> 00:12:27.819 align:start position:0% we can organize and reach consensus I 00:12:27.819 --> 00:12:30.869 align:start position:0% we can organize and reach consensus I actually<00:12:28.029> like<00:12:28.449> I<00:12:28.869> was<00:12:29.649> hearing<00:12:29.829> Cory<00:12:30.519> dr.<00:12:30.759> oz 00:12:30.869 --> 00:12:30.879 align:start position:0% actually like I was hearing Cory dr. oz 00:12:30.879 --> 00:12:34.229 align:start position:0% actually like I was hearing Cory dr. oz talk<00:12:31.149> about<00:12:32.139> law<00:12:32.619> being<00:12:33.129> an<00:12:33.429> additional<00:12:33.969> arrow 00:12:34.229 --> 00:12:34.239 align:start position:0% talk about law being an additional arrow 00:12:34.239 --> 00:12:36.029 align:start position:0% talk about law being an additional arrow in<00:12:34.479> the<00:12:34.569> quiver<00:12:34.719> that<00:12:35.079> we<00:12:35.199> have<00:12:35.439> this<00:12:35.889> is 00:12:36.029 --> 00:12:36.039 align:start position:0% in the quiver that we have this is 00:12:36.039 --> 00:12:38.339 align:start position:0% in the quiver that we have this is exactly<00:12:36.639> the<00:12:36.819> kind<00:12:36.939> of<00:12:37.059> mentality<00:12:37.359> we<00:12:38.169> have 00:12:38.339 --> 00:12:38.349 align:start position:0% exactly the kind of mentality we have 00:12:38.349 --> 00:12:39.839 align:start position:0% exactly the kind of mentality we have and<00:12:38.529> he<00:12:38.619> expressed<00:12:39.339> it<00:12:39.459> much<00:12:39.639> more<00:12:39.789> eloquently 00:12:39.839 --> 00:12:39.849 align:start position:0% and he expressed it much more eloquently 00:12:39.849 --> 00:12:42.869 align:start position:0% and he expressed it much more eloquently than<00:12:40.359> I<00:12:40.689> so<00:12:41.529> I<00:12:41.559> want<00:12:41.949> everyone<00:12:42.219> to<00:12:42.339> have<00:12:42.489> that 00:12:42.869 --> 00:12:42.879 align:start position:0% than I so I want everyone to have that 00:12:42.879 --> 00:12:44.909 align:start position:0% than I so I want everyone to have that in<00:12:43.029> the<00:12:43.089> back<00:12:43.299> of<00:12:43.449> their<00:12:43.539> mind<00:12:43.889> when<00:12:44.889> they 00:12:44.909 --> 00:12:44.919 align:start position:0% in the back of their mind when they 00:12:44.919 --> 00:12:47.279 align:start position:0% in the back of their mind when they think<00:12:45.159> about<00:12:45.719> about<00:12:46.719> how<00:12:47.019> they<00:12:47.229> should 00:12:47.279 --> 00:12:47.289 align:start position:0% think about about how they should 00:12:47.289 --> 00:12:49.559 align:start position:0% think about about how they should structure<00:12:47.769> their<00:12:47.889> projects<00:12:48.399> and<00:12:48.639> and<00:12:49.179> just<00:12:49.479> to 00:12:49.559 --> 00:12:49.569 align:start position:0% structure their projects and and just to 00:12:49.569 --> 00:12:52.649 align:start position:0% structure their projects and and just to get<00:12:49.749> a<00:12:49.929> little<00:12:50.259> bit<00:12:50.439> more<00:12:51.069> detail<00:12:51.519> about<00:12:51.759> why 00:12:52.649 --> 00:12:52.659 align:start position:0% get a little bit more detail about why 00:12:52.659 --> 00:12:55.379 align:start position:0% get a little bit more detail about why public<00:12:53.559> charities<00:12:53.949> in<00:12:54.069> particular<00:12:54.579> are<00:12:54.789> very 00:12:55.379 --> 00:12:55.389 align:start position:0% public charities in particular are very 00:12:55.389 --> 00:12:59.579 align:start position:0% public charities in particular are very very<00:12:56.079> good<00:12:57.009> for<00:12:57.219> this<00:12:57.929> one<00:12:58.929> is<00:12:59.079> as<00:12:59.199> I<00:12:59.289> mentioned 00:12:59.579 --> 00:12:59.589 align:start position:0% very good for this one is as I mentioned 00:12:59.589 --> 00:13:00.659 align:start position:0% very good for this one is as I mentioned there's<00:12:59.709> a<00:12:59.769> long<00:12:59.919> legal<00:13:00.219> tradition<00:13:00.579> it 00:13:00.659 --> 00:13:00.669 align:start position:0% there's a long legal tradition it 00:13:00.669 --> 00:13:02.039 align:start position:0% there's a long legal tradition it removes<00:13:00.969> some<00:13:01.059> ambiguity<00:13:01.719> not<00:13:01.899> in<00:13:01.989> the 00:13:02.039 --> 00:13:02.049 align:start position:0% removes some ambiguity not in the 00:13:02.049 --> 00:13:03.449 align:start position:0% removes some ambiguity not in the technology<00:13:02.499> that<00:13:02.619> you're<00:13:02.739> building<00:13:02.949> but 00:13:03.449 --> 00:13:03.459 align:start position:0% technology that you're building but 00:13:03.459 --> 00:13:06.359 align:start position:0% technology that you're building but certainly<00:13:03.849> in<00:13:04.259> what<00:13:05.259> sort<00:13:05.529> of<00:13:05.559> duties<00:13:05.979> that 00:13:06.359 --> 00:13:06.369 align:start position:0% certainly in what sort of duties that 00:13:06.369 --> 00:13:07.859 align:start position:0% certainly in what sort of duties that your<00:13:06.639> board<00:13:06.969> might<00:13:07.209> have<00:13:07.479> and<00:13:07.719> how<00:13:07.839> you 00:13:07.859 --> 00:13:07.869 align:start position:0% your board might have and how you 00:13:07.869 --> 00:13:10.619 align:start position:0% your board might have and how you organize<00:13:08.429> -<00:13:09.429> is<00:13:09.609> that<00:13:09.789> conflict<00:13:10.209> of<00:13:10.389> interest 00:13:10.619 --> 00:13:10.629 align:start position:0% organize - is that conflict of interest 00:13:10.629 --> 00:13:14.999 align:start position:0% organize - is that conflict of interest policies<00:13:11.729> obviously<00:13:12.729> are<00:13:12.879> not<00:13:13.139> perfect<00:13:14.139> but 00:13:14.999 --> 00:13:15.009 align:start position:0% policies obviously are not perfect but 00:13:15.009 --> 00:13:18.239 align:start position:0% policies obviously are not perfect but they<00:13:15.879> are<00:13:16.149> certainly<00:13:16.749> better<00:13:17.739> than<00:13:17.889> not 00:13:18.239 --> 00:13:18.249 align:start position:0% they are certainly better than not 00:13:18.249 --> 00:13:20.360 align:start position:0% they are certainly better than not having<00:13:18.579> those<00:13:18.789> transparency<00:13:19.479> requirements 00:13:20.360 --> 00:13:20.370 align:start position:0% having those transparency requirements 00:13:20.370 --> 00:13:23.630 align:start position:0% having those transparency requirements 501c3<00:13:21.060> you're<00:13:21.540> actually<00:13:21.930> mandated<00:13:22.800> to<00:13:23.040> you 00:13:23.630 --> 00:13:23.640 align:start position:0% 501c3 you're actually mandated to you 00:13:23.640 --> 00:13:25.640 align:start position:0% 501c3 you're actually mandated to you know<00:13:23.760> report<00:13:24.270> when<00:13:24.600> a<00:13:24.870> board<00:13:25.140> member 00:13:25.640 --> 00:13:25.650 align:start position:0% know report when a board member 00:13:25.650 --> 00:13:27.170 align:start position:0% know report when a board member refuses<00:13:26.250> themselves<00:13:26.700> from<00:13:26.820> a<00:13:26.880> discussion 00:13:27.170 --> 00:13:27.180 align:start position:0% refuses themselves from a discussion 00:13:27.180 --> 00:13:29.600 align:start position:0% refuses themselves from a discussion because<00:13:27.720> of<00:13:27.930> a<00:13:28.170> conflict<00:13:28.740> of<00:13:28.860> interest<00:13:29.250> at 00:13:29.600 --> 00:13:29.610 align:start position:0% because of a conflict of interest at 00:13:29.610 --> 00:13:32.570 align:start position:0% because of a conflict of interest at least<00:13:29.730> we<00:13:30.029> do<00:13:30.210> in<00:13:30.390> our<00:13:30.510> bylaws<00:13:30.930> and<00:13:31.860> then<00:13:32.430> there 00:13:32.570 --> 00:13:32.580 align:start position:0% least we do in our bylaws and then there 00:13:32.580 --> 00:13:33.079 align:start position:0% least we do in our bylaws and then there plenty 00:13:33.079 --> 00:13:33.089 align:start position:0% plenty 00:13:33.089 --> 00:13:34.670 align:start position:0% plenty there's<00:13:33.270> just<00:13:33.570> plenty<00:13:33.870> of<00:13:34.050> history<00:13:34.380> of 00:13:34.670 --> 00:13:34.680 align:start position:0% there's just plenty of history of 00:13:34.680 --> 00:13:37.180 align:start position:0% there's just plenty of history of successful<00:13:35.430> software<00:13:35.610> and<00:13:36.029> protocol<00:13:36.720> focused 00:13:37.180 --> 00:13:37.190 align:start position:0% successful software and protocol focused 00:13:37.190 --> 00:13:41.000 align:start position:0% successful software and protocol focused 501<00:13:38.190> C<00:13:38.550> 3s<00:13:39.080> obviously<00:13:40.080> the<00:13:40.320> the<00:13:40.350> ones<00:13:40.860> that 00:13:41.000 --> 00:13:41.010 align:start position:0% 501 C 3s obviously the the ones that 00:13:41.010 --> 00:13:42.590 align:start position:0% 501 C 3s obviously the the ones that come<00:13:41.130> to<00:13:41.160> mind<00:13:41.250> are<00:13:41.520> some<00:13:42.089> folks<00:13:42.300> that<00:13:42.390> are 00:13:42.590 --> 00:13:42.600 align:start position:0% come to mind are some folks that are 00:13:42.600 --> 00:13:44.450 align:start position:0% come to mind are some folks that are here<00:13:43.050> from<00:13:43.170> the<00:13:43.260> e<00:13:43.350> FF<00:13:43.740> and<00:13:43.980> from<00:13:44.130> the<00:13:44.190> Internet 00:13:44.450 --> 00:13:44.460 align:start position:0% here from the e FF and from the Internet 00:13:44.460 --> 00:13:46.900 align:start position:0% here from the e FF and from the Internet Archive<00:13:44.580> but<00:13:45.570> they're<00:13:45.690> there<00:13:45.930> many<00:13:46.080> others 00:13:46.900 --> 00:13:46.910 align:start position:0% Archive but they're there many others 00:13:46.910 --> 00:13:49.730 align:start position:0% Archive but they're there many others and<00:13:47.910> and<00:13:48.240> also<00:13:48.839> above<00:13:49.080> and<00:13:49.200> beyond<00:13:49.350> that<00:13:49.529> like 00:13:49.730 --> 00:13:49.740 align:start position:0% and and also above and beyond that like 00:13:49.740 --> 00:13:51.470 align:start position:0% and and also above and beyond that like there<00:13:49.920> are<00:13:49.980> norms<00:13:50.220> for<00:13:50.370> nonprofit<00:13:50.910> pay<00:13:51.120> that 00:13:51.470 --> 00:13:51.480 align:start position:0% there are norms for nonprofit pay that 00:13:51.480 --> 00:13:53.240 align:start position:0% there are norms for nonprofit pay that mean<00:13:52.050> that<00:13:52.290> you're<00:13:52.410> basically<00:13:52.980> going<00:13:53.130> to<00:13:53.190> be 00:13:53.240 --> 00:13:53.250 align:start position:0% mean that you're basically going to be 00:13:53.250 --> 00:13:55.340 align:start position:0% mean that you're basically going to be self<00:13:53.580> selecting<00:13:54.210> for<00:13:54.720> people<00:13:55.080> that<00:13:55.200> are 00:13:55.340 --> 00:13:55.350 align:start position:0% self selecting for people that are 00:13:55.350 --> 00:13:58.400 align:start position:0% self selecting for people that are intrinsically<00:13:56.040> motivated<00:13:56.930> for<00:13:57.930> your<00:13:58.080> mission 00:13:58.400 --> 00:13:58.410 align:start position:0% intrinsically motivated for your mission 00:13:58.410 --> 00:14:00.380 align:start position:0% intrinsically motivated for your mission this<00:13:58.860> is<00:13:59.010> working<00:13:59.640> for<00:13:59.760> a<00:13:59.790> non-profit<00:14:00.180> is<00:14:00.270> not 00:14:00.380 --> 00:14:00.390 align:start position:0% this is working for a non-profit is not 00:14:00.390 --> 00:14:02.120 align:start position:0% this is working for a non-profit is not a<00:14:00.420> way<00:14:00.600> to<00:14:00.630> get<00:14:00.930> rich<00:14:01.110> it's<00:14:01.320> a<00:14:01.410> way<00:14:01.589> to<00:14:01.650> change 00:14:02.120 --> 00:14:02.130 align:start position:0% a way to get rich it's a way to change 00:14:02.130 --> 00:14:03.890 align:start position:0% a way to get rich it's a way to change something<00:14:02.460> that<00:14:02.610> you<00:14:02.820> want<00:14:03.000> to<00:14:03.060> see<00:14:03.240> changed 00:14:03.890 --> 00:14:03.900 align:start position:0% something that you want to see changed 00:14:03.900 --> 00:14:07.850 align:start position:0% something that you want to see changed in<00:14:03.990> the<00:14:04.110> world<00:14:04.290> and<00:14:06.110> lastly<00:14:07.110> and<00:14:07.410> something 00:14:07.850 --> 00:14:07.860 align:start position:0% in the world and lastly and something 00:14:07.860 --> 00:14:09.260 align:start position:0% in the world and lastly and something that<00:14:07.980> we<00:14:08.310> are<00:14:08.460> gonna<00:14:08.550> have<00:14:08.640> to<00:14:08.790> deal<00:14:09.029> with 00:14:09.260 --> 00:14:09.270 align:start position:0% that we are gonna have to deal with 00:14:09.270 --> 00:14:11.840 align:start position:0% that we are gonna have to deal with after<00:14:09.480> our<00:14:09.800> founders<00:14:10.800> reward<00:14:11.070> endowment<00:14:11.580> runs 00:14:11.840 --> 00:14:11.850 align:start position:0% after our founders reward endowment runs 00:14:11.850 --> 00:14:14.150 align:start position:0% after our founders reward endowment runs out<00:14:12.060> there's<00:14:12.870> this<00:14:12.990> concept<00:14:13.440> of<00:14:13.589> this<00:14:13.680> public 00:14:14.150 --> 00:14:14.160 align:start position:0% out there's this concept of this public 00:14:14.160 --> 00:14:16.100 align:start position:0% out there's this concept of this public support<00:14:14.550> test<00:14:14.820> in<00:14:15.029> public<00:14:15.420> charities<00:14:15.870> that's 00:14:16.100 --> 00:14:16.110 align:start position:0% support test in public charities that's 00:14:16.110 --> 00:14:18.470 align:start position:0% support test in public charities that's actually<00:14:16.650> really<00:14:17.100> really<00:14:17.190> powerful<00:14:17.480> because 00:14:18.470 --> 00:14:18.480 align:start position:0% actually really really powerful because 00:14:18.480 --> 00:14:20.660 align:start position:0% actually really really powerful because effectively<00:14:19.140> what<00:14:19.620> it<00:14:19.650> mandates<00:14:20.310> and<00:14:20.610> you 00:14:20.660 --> 00:14:20.670 align:start position:0% effectively what it mandates and you 00:14:20.670 --> 00:14:22.220 align:start position:0% effectively what it mandates and you don't<00:14:20.820> have<00:14:20.880> to<00:14:21.000> read<00:14:21.180> all<00:14:21.300> that<00:14:21.330> text<00:14:21.839> but<00:14:21.960> it 00:14:22.220 --> 00:14:22.230 align:start position:0% don't have to read all that text but it 00:14:22.230 --> 00:14:24.560 align:start position:0% don't have to read all that text but it really<00:14:22.680> means<00:14:23.010> that<00:14:23.310> you<00:14:23.580> have<00:14:23.790> to<00:14:23.940> get<00:14:24.120> a<00:14:24.150> long 00:14:24.560 --> 00:14:24.570 align:start position:0% really means that you have to get a long 00:14:24.570 --> 00:14:28.940 align:start position:0% really means that you have to get a long tail<00:14:24.959> of<00:14:25.320> your<00:14:25.740> donations<00:14:26.510> from<00:14:27.510> members<00:14:28.320> from 00:14:28.940 --> 00:14:28.950 align:start position:0% tail of your donations from members from 00:14:28.950 --> 00:14:31.780 align:start position:0% tail of your donations from members from from<00:14:29.339> donations<00:14:29.760> of<00:14:30.150> individual<00:14:30.839> donors 00:14:31.780 --> 00:14:31.790 align:start position:0% from donations of individual donors 00:14:31.790 --> 00:14:34.850 align:start position:0% from donations of individual donors people<00:14:32.790> that<00:14:32.970> are<00:14:33.270> interested<00:14:34.260> in<00:14:34.470> your 00:14:34.850 --> 00:14:34.860 align:start position:0% people that are interested in your 00:14:34.860 --> 00:14:37.310 align:start position:0% people that are interested in your mission<00:14:35.310> and<00:14:35.520> want<00:14:35.880> you<00:14:36.000> to<00:14:36.029> succeed<00:14:36.150> and<00:14:36.810> and 00:14:37.310 --> 00:14:37.320 align:start position:0% mission and want you to succeed and and 00:14:37.320 --> 00:14:40.160 align:start position:0% mission and want you to succeed and and that<00:14:37.470> basically<00:14:38.070> demands<00:14:38.790> that<00:14:38.940> you<00:14:39.000> you<00:14:39.930> have 00:14:40.160 --> 00:14:40.170 align:start position:0% that basically demands that you you have 00:14:40.170 --> 00:14:42.500 align:start position:0% that basically demands that you you have to<00:14:40.350> listen<00:14:40.709> to<00:14:40.740> you<00:14:41.070> the<00:14:41.550> people<00:14:42.000> that<00:14:42.360> you're 00:14:42.500 --> 00:14:42.510 align:start position:0% to listen to you the people that you're 00:14:42.510 --> 00:14:44.390 align:start position:0% to listen to you the people that you're trying<00:14:42.870> to<00:14:42.959> serve<00:14:43.290> and<00:14:43.709> whatever<00:14:44.040> whatever 00:14:44.390 --> 00:14:44.400 align:start position:0% trying to serve and whatever whatever 00:14:44.400 --> 00:14:46.100 align:start position:0% trying to serve and whatever whatever nonprofit<00:14:45.060> you're<00:14:45.180> in<00:14:45.300> so<00:14:45.690> in<00:14:45.779> order<00:14:45.839> for<00:14:45.959> us 00:14:46.100 --> 00:14:46.110 align:start position:0% nonprofit you're in so in order for us 00:14:46.110 --> 00:14:48.350 align:start position:0% nonprofit you're in so in order for us to<00:14:46.140> remain<00:14:46.589> a<00:14:46.620> public<00:14:46.830> charity<00:14:47.220> we<00:14:47.730> have<00:14:48.000> to<00:14:48.209> do 00:14:48.350 --> 00:14:48.360 align:start position:0% to remain a public charity we have to do 00:14:48.360 --> 00:14:51.140 align:start position:0% to remain a public charity we have to do this<00:14:48.510> and<00:14:49.260> I<00:14:49.440> think<00:14:49.709> it's<00:14:49.970> exactly<00:14:50.970> the<00:14:51.120> kind 00:14:51.140 --> 00:14:51.150 align:start position:0% this and I think it's exactly the kind 00:14:51.150 --> 00:14:53.900 align:start position:0% this and I think it's exactly the kind of<00:14:51.420> accountability<00:14:51.750> that<00:14:52.620> will<00:14:52.800> help<00:14:53.040> other 00:14:53.900 --> 00:14:53.910 align:start position:0% of accountability that will help other 00:14:53.910 --> 00:14:56.900 align:start position:0% of accountability that will help other projects<00:14:54.900> that<00:14:55.020> are<00:14:55.140> looking<00:14:55.170> into<00:14:55.820> you<00:14:56.820> know 00:14:56.900 --> 00:14:56.910 align:start position:0% projects that are looking into you know 00:14:56.910 --> 00:14:58.699 align:start position:0% projects that are looking into you know looking<00:14:57.180> into<00:14:57.480> trying<00:14:57.839> to<00:14:58.020> distribute<00:14:58.380> power 00:14:58.699 --> 00:14:58.709 align:start position:0% looking into trying to distribute power 00:14:58.709 --> 00:15:02.350 align:start position:0% looking into trying to distribute power that<00:14:59.580> this<00:14:59.760> is<00:14:59.940> one<00:15:00.209> wonderful<00:15:00.810> way<00:15:00.990> to<00:15:01.050> do<00:15:01.350> it 00:15:02.350 --> 00:15:02.360 align:start position:0% that this is one wonderful way to do it 00:15:02.360 --> 00:15:04.370 align:start position:0% that this is one wonderful way to do it but<00:15:03.360> as<00:15:03.450> mentioned<00:15:03.839> I<00:15:03.870> don't<00:15:04.020> know<00:15:04.200> that 00:15:04.370 --> 00:15:04.380 align:start position:0% but as mentioned I don't know that 00:15:04.380 --> 00:15:06.260 align:start position:0% but as mentioned I don't know that bimodal<00:15:04.980> power<00:15:05.310> distribution<00:15:05.580> is<00:15:05.910> Neph<00:15:06.089> is 00:15:06.260 --> 00:15:06.270 align:start position:0% bimodal power distribution is Neph is 00:15:06.270 --> 00:15:08.090 align:start position:0% bimodal power distribution is Neph is necessarily<00:15:06.720> the<00:15:06.839> goal<00:15:07.110> this<00:15:07.350> is<00:15:07.500> sort<00:15:07.800> of<00:15:07.890> an 00:15:08.090 --> 00:15:08.100 align:start position:0% necessarily the goal this is sort of an 00:15:08.100 --> 00:15:11.420 align:start position:0% necessarily the goal this is sort of an arbitrary<00:15:08.820> view<00:15:09.750> of<00:15:10.050> how<00:15:10.500> distributed<00:15:11.100> power 00:15:11.420 --> 00:15:11.430 align:start position:0% arbitrary view of how distributed power 00:15:11.430 --> 00:15:13.519 align:start position:0% arbitrary view of how distributed power is<00:15:11.850> forgiven<00:15:12.450> cryptocurrency<00:15:12.900> I<00:15:13.140> think<00:15:13.440> we 00:15:13.519 --> 00:15:13.529 align:start position:0% is forgiven cryptocurrency I think we 00:15:13.529 --> 00:15:16.550 align:start position:0% is forgiven cryptocurrency I think we all<00:15:13.709> want<00:15:14.040> to<00:15:14.070> live<00:15:14.220> in<00:15:14.339> a<00:15:14.400> world<00:15:14.550> where<00:15:15.560> where 00:15:16.550 --> 00:15:16.560 align:start position:0% all want to live in a world where where 00:15:16.560 --> 00:15:19.190 align:start position:0% all want to live in a world where where it's<00:15:16.680> very<00:15:17.490> clear<00:15:17.970> that<00:15:18.150> there<00:15:18.360> is<00:15:18.390> no<00:15:18.570> central 00:15:19.190 --> 00:15:19.200 align:start position:0% it's very clear that there is no central 00:15:19.200 --> 00:15:22.280 align:start position:0% it's very clear that there is no central power<00:15:19.560> structure<00:15:20.100> that<00:15:20.339> can<00:15:21.140> that<00:15:22.140> can 00:15:22.280 --> 00:15:22.290 align:start position:0% power structure that can that can 00:15:22.290 --> 00:15:24.500 align:start position:0% power structure that can that can dictate<00:15:22.560> how<00:15:23.070> we<00:15:23.130> interact<00:15:23.490> with<00:15:23.970> the<00:15:24.089> systems 00:15:24.500 --> 00:15:24.510 align:start position:0% dictate how we interact with the systems 00:15:24.510 --> 00:15:27.110 align:start position:0% dictate how we interact with the systems that<00:15:24.779> were<00:15:25.470> involved<00:15:25.860> in<00:15:25.950> whether<00:15:26.910> it's 00:15:27.110 --> 00:15:27.120 align:start position:0% that were involved in whether it's 00:15:27.120 --> 00:15:29.540 align:start position:0% that were involved in whether it's payments<00:15:27.690> or<00:15:27.890> computation<00:15:28.890> or<00:15:29.040> anything<00:15:29.280> else 00:15:29.540 --> 00:15:29.550 align:start position:0% payments or computation or anything else 00:15:29.550 --> 00:15:33.800 align:start position:0% payments or computation or anything else except<00:15:30.510> for<00:15:30.690> Doge<00:15:31.430> the<00:15:32.430> dogecoin 00:15:33.800 --> 00:15:33.810 align:start position:0% except for Doge the dogecoin 00:15:33.810 --> 00:15:35.300 align:start position:0% except for Doge the dogecoin hasn't<00:15:34.170> changed<00:15:34.529> for<00:15:34.650> like<00:15:34.830> two<00:15:35.010> years 00:15:35.300 --> 00:15:35.310 align:start position:0% hasn't changed for like two years 00:15:35.310 --> 00:15:37.790 align:start position:0% hasn't changed for like two years because<00:15:35.550> it's<00:15:35.790> perfect<00:15:36.210> and<00:15:36.450> every<00:15:37.230> Sheba 00:15:37.790 --> 00:15:37.800 align:start position:0% because it's perfect and every Sheba 00:15:37.800 --> 00:15:39.260 align:start position:0% because it's perfect and every Sheba that<00:15:37.830> I've<00:15:38.010> ever<00:15:38.100> met<00:15:38.370> is<00:15:38.550> a<00:15:38.580> self<00:15:38.940> sovereign 00:15:39.260 --> 00:15:39.270 align:start position:0% that I've ever met is a self sovereign 00:15:39.270 --> 00:15:45.710 align:start position:0% that I've ever met is a self sovereign Sheba<00:15:39.600> so<00:15:40.700> thank<00:15:41.700> you<00:15:41.880> yes<00:15:43.790> finally<00:15:44.790> there<00:15:45.510> we 00:15:45.710 --> 00:15:45.720 align:start position:0% Sheba so thank you yes finally there we 00:15:45.720 --> 00:15:47.720 align:start position:0% Sheba so thank you yes finally there we go<00:15:45.930> I<00:15:46.320> knew<00:15:46.830> something<00:15:47.220> would<00:15:47.340> get<00:15:47.520> some 00:15:47.720 --> 00:15:47.730 align:start position:0% go I knew something would get some 00:15:47.730 --> 00:15:52.220 align:start position:0% go I knew something would get some chuckles<00:15:48.150> just<00:15:49.080> one<00:15:49.380> thing<00:15:49.820> so<00:15:50.820> the<00:15:51.660> takeaway 00:15:52.220 --> 00:15:52.230 align:start position:0% chuckles just one thing so the takeaway 00:15:52.230 --> 00:15:56.090 align:start position:0% chuckles just one thing so the takeaway for<00:15:53.600> aetherium<00:15:54.600> or<00:15:55.320> projects<00:15:55.710> building<00:15:55.980> on 00:15:56.090 --> 00:15:56.100 align:start position:0% for aetherium or projects building on 00:15:56.100 --> 00:15:57.950 align:start position:0% for aetherium or projects building on ethereum<00:15:56.339> or<00:15:56.790> anyone<00:15:57.120> getting<00:15:57.330> involved<00:15:57.810> in 00:15:57.950 --> 00:15:57.960 align:start position:0% ethereum or anyone getting involved in 00:15:57.960 --> 00:16:01.250 align:start position:0% ethereum or anyone getting involved in encrypted<00:15:58.529> currencies<00:15:59.010> I<00:16:00.050> think<00:16:01.050> there's 00:16:01.250 --> 00:16:01.260 align:start position:0% encrypted currencies I think there's 00:16:01.260 --> 00:16:04.190 align:start position:0% encrypted currencies I think there's this<00:16:01.410> fascination<00:16:02.279> with<00:16:02.810> novelty<00:16:03.810> in<00:16:04.050> our 00:16:04.190 --> 00:16:04.200 align:start position:0% this fascination with novelty in our 00:16:04.200 --> 00:16:06.050 align:start position:0% this fascination with novelty in our space<00:16:04.560> and<00:16:04.800> it's<00:16:04.890> merited<00:16:05.370> right<00:16:05.610> like<00:16:05.880> we're 00:16:06.050 --> 00:16:06.060 align:start position:0% space and it's merited right like we're 00:16:06.060 --> 00:16:08.060 align:start position:0% space and it's merited right like we're building<00:16:06.210> these<00:16:06.510> new<00:16:06.690> systems<00:16:07.110> they're<00:16:07.380> kind 00:16:08.060 --> 00:16:08.070 align:start position:0% building these new systems they're kind 00:16:08.070 --> 00:16:09.920 align:start position:0% building these new systems they're kind of<00:16:08.130> amazing<00:16:08.720> everything<00:16:09.720> that<00:16:09.810> they've<00:16:09.900> done 00:16:09.920 --> 00:16:09.930 align:start position:0% of amazing everything that they've done 00:16:09.930 --> 00:16:12.800 align:start position:0% of amazing everything that they've done is<00:16:10.200> amazing<00:16:10.410> and<00:16:11.400> I<00:16:11.490> it's<00:16:12.270> incredible<00:16:12.750> that 00:16:12.800 --> 00:16:12.810 align:start position:0% is amazing and I it's incredible that 00:16:12.810 --> 00:16:15.110 align:start position:0% is amazing and I it's incredible that that<00:16:12.960> everything<00:16:13.680> has<00:16:13.950> has<00:16:14.310> blossomed<00:16:14.700> and 00:16:15.110 --> 00:16:15.120 align:start position:0% that everything has has blossomed and 00:16:15.120 --> 00:16:17.000 align:start position:0% that everything has has blossomed and grown<00:16:15.360> and<00:16:15.630> it's<00:16:15.750> really<00:16:16.320> wonderful<00:16:16.650> space 00:16:17.000 --> 00:16:17.010 align:start position:0% grown and it's really wonderful space 00:16:17.010 --> 00:16:20.540 align:start position:0% grown and it's really wonderful space for<00:16:17.520> experimentation<00:16:18.740> but<00:16:19.740> don't<00:16:20.130> don't 00:16:20.540 --> 00:16:20.550 align:start position:0% for experimentation but don't don't 00:16:20.550 --> 00:16:24.160 align:start position:0% for experimentation but don't don't throw<00:16:21.000> out<00:16:21.240> all<00:16:22.140> of<00:16:22.500> this<00:16:22.650> combined<00:16:23.430> history 00:16:24.160 --> 00:16:24.170 align:start position:0% throw out all of this combined history 00:16:24.170 --> 00:16:28.400 align:start position:0% throw out all of this combined history that<00:16:25.170> that<00:16:25.529> can<00:16:25.680> really<00:16:25.710> help<00:16:26.460> dictate<00:16:27.410> how 00:16:28.400 --> 00:16:28.410 align:start position:0% that that can really help dictate how 00:16:28.410 --> 00:16:31.100 align:start position:0% that that can really help dictate how you<00:16:28.470> how<00:16:29.310> you<00:16:29.370> structure<00:16:30.029> accountability<00:16:30.870> and 00:16:31.100 --> 00:16:31.110 align:start position:0% you how you structure accountability and 00:16:31.110 --> 00:16:34.370 align:start position:0% you how you structure accountability and incentives<00:16:31.920> in<00:16:32.480> in<00:16:33.480> in<00:16:33.870> the<00:16:33.990> tools<00:16:34.230> that 00:16:34.370 --> 00:16:34.380 align:start position:0% incentives in in in the tools that 00:16:34.380 --> 00:16:35.810 align:start position:0% incentives in in in the tools that you're<00:16:34.589> building<00:16:34.830> and<00:16:35.160> and<00:16:35.430> that's<00:16:35.580> where 00:16:35.810 --> 00:16:35.820 align:start position:0% you're building and and that's where 00:16:35.820 --> 00:16:37.370 align:start position:0% you're building and and that's where there<00:16:36.390> are<00:16:36.570> all<00:16:36.750> these<00:16:36.930> tried-and-true 00:16:37.370 --> 00:16:37.380 align:start position:0% there are all these tried-and-true 00:16:37.380 --> 00:16:39.980 align:start position:0% there are all these tried-and-true governance<00:16:37.830> models<00:16:38.400> and<00:16:38.910> even<00:16:39.600> though<00:16:39.750> a<00:16:39.780> lot 00:16:39.980 --> 00:16:39.990 align:start position:0% governance models and even though a lot 00:16:39.990 --> 00:16:42.590 align:start position:0% governance models and even though a lot of<00:16:40.140> us<00:16:40.320> are<00:16:40.440> not<00:16:40.560> big<00:16:40.770> fans<00:16:40.800> of<00:16:41.600> authoritarian 00:16:42.590 --> 00:16:42.600 align:start position:0% of us are not big fans of authoritarian 00:16:42.600 --> 00:16:44.960 align:start position:0% of us are not big fans of authoritarian States<00:16:42.930> there<00:16:43.800> are<00:16:43.830> tools<00:16:44.280> that<00:16:44.430> these<00:16:44.640> states 00:16:44.960 --> 00:16:44.970 align:start position:0% States there are tools that these states 00:16:44.970 --> 00:16:47.240 align:start position:0% States there are tools that these states provide<00:16:45.420> to<00:16:46.020> encourage<00:16:46.620> the<00:16:46.950> legal 00:16:47.240 --> 00:16:47.250 align:start position:0% provide to encourage the legal 00:16:47.250 --> 00:16:48.530 align:start position:0% provide to encourage the legal enforcement<00:16:47.640> of<00:16:47.850> some<00:16:47.940> of<00:16:48.030> these<00:16:48.089> incentives 00:16:48.530 --> 00:16:48.540 align:start position:0% enforcement of some of these incentives 00:16:48.540 --> 00:16:51.230 align:start position:0% enforcement of some of these incentives and<00:16:48.660> it's<00:16:48.839> worth<00:16:49.140> exploring<00:16:49.650> them<00:16:50.240> and 00:16:51.230 --> 00:16:51.240 align:start position:0% and it's worth exploring them and 00:16:51.240 --> 00:16:53.900 align:start position:0% and it's worth exploring them and finally<00:16:52.140> if<00:16:52.890> you<00:16:53.310> have<00:16:53.610> to<00:16:53.790> have 00:16:53.900 --> 00:16:53.910 align:start position:0% finally if you have to have 00:16:53.910 --> 00:16:56.900 align:start position:0% finally if you have to have centralization<00:16:54.780> for<00:16:55.290> speeds<00:16:55.589> sake<00:16:55.920> I<00:16:56.160> really 00:16:56.900 --> 00:16:56.910 align:start position:0% centralization for speeds sake I really 00:16:56.910 --> 00:16:59.690 align:start position:0% centralization for speeds sake I really believe<00:16:57.360> at<00:16:58.200> the<00:16:58.620> the<00:16:58.830> case<00:16:59.070> as<00:16:59.310> is<00:16:59.460> the<00:16:59.580> case 00:16:59.690 --> 00:16:59.700 align:start position:0% believe at the the case as is the case 00:16:59.700 --> 00:17:02.030 align:start position:0% believe at the the case as is the case with<00:16:59.760> Zee<00:17:00.120> cash<00:17:00.330> that<00:17:00.900> what<00:17:01.050> we're<00:17:01.200> doing<00:17:01.530> to 00:17:02.030 --> 00:17:02.040 align:start position:0% with Zee cash that what we're doing to 00:17:02.040 --> 00:17:04.130 align:start position:0% with Zee cash that what we're doing to have<00:17:02.190> a<00:17:02.250> foundation<00:17:02.730> as<00:17:03.000> a<00:17:03.030> counterbalance<00:17:03.480> as 00:17:04.130 --> 00:17:04.140 align:start position:0% have a foundation as a counterbalance as 00:17:04.140 --> 00:17:07.160 align:start position:0% have a foundation as a counterbalance as a<00:17:04.170> focal<00:17:05.010> point<00:17:05.040> for<00:17:05.730> other<00:17:05.850> viewpoints<00:17:06.540> is<00:17:06.660> is 00:17:07.160 --> 00:17:07.170 align:start position:0% a focal point for other viewpoints is is 00:17:07.170 --> 00:17:09.590 align:start position:0% a focal point for other viewpoints is is something<00:17:07.530> that<00:17:07.709> is<00:17:08.069> tremendously<00:17:08.970> important 00:17:09.590 --> 00:17:09.600 align:start position:0% something that is tremendously important 00:17:09.600 --> 00:17:11.480 align:start position:0% something that is tremendously important and<00:17:09.720> can<00:17:09.810> be<00:17:09.929> really<00:17:10.260> powerful<00:17:10.490> for 00:17:11.480 --> 00:17:11.490 align:start position:0% and can be really powerful for 00:17:11.490 --> 00:17:13.400 align:start position:0% and can be really powerful for eventually<00:17:12.150> reaching<00:17:12.480> that<00:17:12.600> state<00:17:12.870> where<00:17:13.079> yes 00:17:13.400 --> 00:17:13.410 align:start position:0% eventually reaching that state where yes 00:17:13.410 --> 00:17:15.829 align:start position:0% eventually reaching that state where yes you<00:17:13.650> can<00:17:13.829> claim<00:17:14.100> that<00:17:14.610> you<00:17:14.850> are<00:17:14.880> decentralized 00:17:15.829 --> 00:17:15.839 align:start position:0% you can claim that you are decentralized 00:17:15.839 --> 00:17:19.970 align:start position:0% you can claim that you are decentralized so<00:17:17.449> thank<00:17:18.449> you<00:17:18.569> all<00:17:18.720> very<00:17:18.750> much<00:17:19.020> i<00:17:19.470> blaze 00:17:19.970 --> 00:17:19.980 align:start position:0% so thank you all very much i blaze 00:17:19.980 --> 00:17:22.970 align:start position:0% so thank you all very much i blaze through<00:17:20.339> that<00:17:20.520> I<00:17:21.319> feel<00:17:22.319> free<00:17:22.560> if<00:17:22.650> there<00:17:22.860> are 00:17:22.970 --> 00:17:22.980 align:start position:0% through that I feel free if there are 00:17:22.980 --> 00:17:26.819 align:start position:0% through that I feel free if there are any<00:17:23.130> questions<00:17:23.339> I'm<00:17:23.880> happy<00:17:24.390> to<00:17:24.540> take<00:17:24.720> them 00:17:26.819 --> 00:17:26.829 align:start position:0% any questions I'm happy to take them 00:17:26.829 --> 00:17:45.010 align:start position:0% any questions I'm happy to take them [Applause] 00:17:45.010 --> 00:17:45.020 align:start position:0% 00:17:45.020 --> 00:17:48.850 align:start position:0% oh<00:17:45.250> it<00:17:46.250> was<00:17:46.340> just<00:17:46.370> like<00:17:47.090> legal<00:17:47.480> fees<00:17:47.690> really<00:17:48.020> so 00:17:48.850 --> 00:17:48.860 align:start position:0% oh it was just like legal fees really so 00:17:48.860 --> 00:17:56.400 align:start position:0% oh it was just like legal fees really so like<00:17:49.070> ten<00:17:49.940> or<00:17:50.120> twenty<00:17:50.360> thousand<00:17:50.720> dollars<00:17:50.990> I 00:17:56.400 --> 00:17:56.410 align:start position:0% 00:17:56.410 --> 00:17:59.410 align:start position:0% can<00:17:57.410> you<00:17:57.500> talk<00:17:57.680> a<00:17:57.710> little<00:17:57.950> more<00:17:58.040> about<00:17:58.490> how 00:17:59.410 --> 00:17:59.420 align:start position:0% can you talk a little more about how 00:17:59.420 --> 00:18:01.630 align:start position:0% can you talk a little more about how Zeke<00:18:00.230> has<00:18:00.380> foundations<00:18:00.680> thinks<00:18:01.130> about<00:18:01.370> the 00:18:01.630 --> 00:18:01.640 align:start position:0% Zeke has foundations thinks about the 00:18:01.640 --> 00:18:04.200 align:start position:0% Zeke has foundations thinks about the distribution<00:18:02.300> of<00:18:02.390> power<00:18:02.690> versus<00:18:03.320> resources 00:18:04.200 --> 00:18:04.210 align:start position:0% distribution of power versus resources 00:18:04.210 --> 00:18:07.390 align:start position:0% distribution of power versus resources because<00:18:05.210> there's<00:18:05.780> obviously<00:18:06.290> we're<00:18:07.160> in<00:18:07.280> the 00:18:07.390 --> 00:18:07.400 align:start position:0% because there's obviously we're in the 00:18:07.400 --> 00:18:09.070 align:start position:0% because there's obviously we're in the blockchain<00:18:07.610> space<00:18:08.120> and<00:18:08.420> yeah<00:18:08.630> there's<00:18:09.020> a 00:18:09.070 --> 00:18:09.080 align:start position:0% blockchain space and yeah there's a 00:18:09.080 --> 00:18:10.750 align:start position:0% blockchain space and yeah there's a tremendous<00:18:09.470> amount<00:18:09.530> of<00:18:09.740> capital<00:18:09.920> that's<00:18:10.310> in 00:18:10.750 --> 00:18:10.760 align:start position:0% tremendous amount of capital that's in 00:18:10.760 --> 00:18:14.680 align:start position:0% tremendous amount of capital that's in the<00:18:11.150> Zika<00:18:11.660> ecosystem<00:18:12.490> in<00:18:13.490> to<00:18:14.060> what<00:18:14.300> to<00:18:14.660> what 00:18:14.680 --> 00:18:14.690 align:start position:0% the Zika ecosystem in to what to what 00:18:14.690 --> 00:18:18.790 align:start position:0% the Zika ecosystem in to what to what role<00:18:15.080> is<00:18:15.350> the<00:18:15.380> Zika<00:18:16.100> foundation<00:18:16.870> in<00:18:17.870> charge<00:18:18.560> of 00:18:18.790 --> 00:18:18.800 align:start position:0% role is the Zika foundation in charge of 00:18:18.800 --> 00:18:21.760 align:start position:0% role is the Zika foundation in charge of distributing<00:18:19.370> that<00:18:19.760> yeah<00:18:20.240> and<00:18:20.480> and<00:18:21.170> how<00:18:21.350> and 00:18:21.760 --> 00:18:21.770 align:start position:0% distributing that yeah and and how and 00:18:21.770 --> 00:18:24.100 align:start position:0% distributing that yeah and and how and and<00:18:22.040> how<00:18:22.250> do<00:18:22.310> you<00:18:22.430> think<00:18:22.550> about<00:18:22.700> that<00:18:23.480> versus 00:18:24.100 --> 00:18:24.110 align:start position:0% and how do you think about that versus 00:18:24.110 --> 00:18:27.970 align:start position:0% and how do you think about that versus power<00:18:24.560> versus<00:18:25.340> yeah<00:18:26.260> yeah<00:18:27.260> that's<00:18:27.500> a<00:18:27.590> that's<00:18:27.620> a 00:18:27.970 --> 00:18:27.980 align:start position:0% power versus yeah yeah that's a that's a 00:18:27.980 --> 00:18:31.060 align:start position:0% power versus yeah yeah that's a that's a great<00:18:28.100> question<00:18:28.520> I<00:18:28.700> think<00:18:29.150> in<00:18:29.480> large<00:18:29.750> part<00:18:30.200> the 00:18:31.060 --> 00:18:31.070 align:start position:0% great question I think in large part the 00:18:31.070 --> 00:18:32.920 align:start position:0% great question I think in large part the grant<00:18:31.340> process<00:18:31.580> is<00:18:31.910> supposed<00:18:32.120> to<00:18:32.360> be<00:18:32.510> a<00:18:32.540> method 00:18:32.920 --> 00:18:32.930 align:start position:0% grant process is supposed to be a method 00:18:32.930 --> 00:18:34.990 align:start position:0% grant process is supposed to be a method for<00:18:33.080> us<00:18:33.230> to<00:18:33.500> engage<00:18:33.700> particularly<00:18:34.700> in<00:18:34.880> that 00:18:34.990 --> 00:18:35.000 align:start position:0% for us to engage particularly in that 00:18:35.000 --> 00:18:37.600 align:start position:0% for us to engage particularly in that capital<00:18:35.240> redistribution<00:18:35.980> where<00:18:36.980> we<00:18:37.430> have 00:18:37.600 --> 00:18:37.610 align:start position:0% capital redistribution where we have 00:18:37.610 --> 00:18:39.040 align:start position:0% capital redistribution where we have resources<00:18:38.150> that<00:18:38.540> we<00:18:38.720> have<00:18:38.840> the<00:18:38.900> foundation 00:18:39.040 --> 00:18:39.050 align:start position:0% resources that we have the foundation 00:18:39.050 --> 00:18:41.350 align:start position:0% resources that we have the foundation are<00:18:39.620> not<00:18:40.010> allocating<00:18:40.640> as<00:18:40.730> effectively<00:18:41.180> as 00:18:41.350 --> 00:18:41.360 align:start position:0% are not allocating as effectively as 00:18:41.360 --> 00:18:43.300 align:start position:0% are not allocating as effectively as members<00:18:41.720> of<00:18:41.750> the<00:18:41.870> community<00:18:42.290> might<00:18:42.500> be<00:18:42.710> and<00:18:42.950> we 00:18:43.300 --> 00:18:43.310 align:start position:0% members of the community might be and we 00:18:43.310 --> 00:18:44.650 align:start position:0% members of the community might be and we need<00:18:43.400> to<00:18:43.520> be<00:18:43.610> able<00:18:43.670> to<00:18:43.790> find<00:18:44.150> them<00:18:44.330> and<00:18:44.510> give 00:18:44.650 --> 00:18:44.660 align:start position:0% need to be able to find them and give 00:18:44.660 --> 00:18:46.570 align:start position:0% need to be able to find them and give them<00:18:44.750> an<00:18:44.870> opportunity<00:18:45.110> to<00:18:45.500> develop<00:18:45.860> core 00:18:46.570 --> 00:18:46.580 align:start position:0% them an opportunity to develop core 00:18:46.580 --> 00:18:48.670 align:start position:0% them an opportunity to develop core pieces<00:18:46.880> of<00:18:47.030> infrastructure<00:18:47.630> that<00:18:47.990> can<00:18:48.230> be<00:18:48.650> a 00:18:48.670 --> 00:18:48.680 align:start position:0% pieces of infrastructure that can be a 00:18:48.680 --> 00:18:50.770 align:start position:0% pieces of infrastructure that can be a part<00:18:48.950> of<00:18:49.100> the<00:18:49.190> Zika<00:18:49.400> ecosystem<00:18:50.180> and<00:18:50.360> hopefully 00:18:50.770 --> 00:18:50.780 align:start position:0% part of the Zika ecosystem and hopefully 00:18:50.780 --> 00:18:53.140 align:start position:0% part of the Zika ecosystem and hopefully also<00:18:51.070> help<00:18:52.070> to<00:18:52.250> distribute<00:18:52.610> some<00:18:53.000> of<00:18:53.030> the 00:18:53.140 --> 00:18:53.150 align:start position:0% also help to distribute some of the 00:18:53.150 --> 00:18:54.820 align:start position:0% also help to distribute some of the power<00:18:53.420> as<00:18:53.660> a<00:18:53.690> result<00:18:54.080> so<00:18:54.230> a<00:18:54.290> good<00:18:54.410> example<00:18:54.650> of 00:18:54.820 --> 00:18:54.830 align:start position:0% power as a result so a good example of 00:18:54.830 --> 00:18:59.320 align:start position:0% power as a result so a good example of that<00:18:54.980> is<00:18:55.930> we<00:18:56.930> are<00:18:57.500> going<00:18:58.070> to<00:18:58.220> be<00:18:58.430> funded<00:18:59.180> in<00:18:59.270> the 00:18:59.320 --> 00:18:59.330 align:start position:0% that is we are going to be funded in the 00:18:59.330 --> 00:19:02.800 align:start position:0% that is we are going to be funded in the past<00:18:59.360> mobile<00:18:59.990> wallets<00:19:00.410> and<00:19:01.100> having<00:19:02.060> a<00:19:02.240> mobile 00:19:02.800 --> 00:19:02.810 align:start position:0% past mobile wallets and having a mobile 00:19:02.810 --> 00:19:05.200 align:start position:0% past mobile wallets and having a mobile wallet<00:19:03.110> that<00:19:03.530> is<00:19:03.650> not<00:19:03.830> controlled<00:19:04.220> by<00:19:04.550> a 00:19:05.200 --> 00:19:05.210 align:start position:0% wallet that is not controlled by a 00:19:05.210 --> 00:19:07.720 align:start position:0% wallet that is not controlled by a company<00:19:05.840> or<00:19:06.110> the<00:19:06.350> foundation<00:19:06.860> is<00:19:07.130> a<00:19:07.190> great<00:19:07.550> way 00:19:07.720 --> 00:19:07.730 align:start position:0% company or the foundation is a great way 00:19:07.730 --> 00:19:10.230 align:start position:0% company or the foundation is a great way to<00:19:07.760> add<00:19:08.060> another<00:19:08.390> piece<00:19:08.840> of<00:19:09.110> distributive 00:19:10.230 --> 00:19:10.240 align:start position:0% to add another piece of distributive 00:19:10.240 --> 00:19:13.180 align:start position:0% to add another piece of distributive distribution<00:19:11.240> to<00:19:11.450> to<00:19:11.750> the<00:19:11.870> network<00:19:12.200> of<00:19:12.890> power 00:19:13.180 --> 00:19:13.190 align:start position:0% distribution to to the network of power 00:19:13.190 --> 00:19:14.980 align:start position:0% distribution to to the network of power distribution<00:19:13.520> rather<00:19:13.940> but<00:19:14.420> a<00:19:14.630> lot<00:19:14.810> of<00:19:14.840> them 00:19:14.980 --> 00:19:14.990 align:start position:0% distribution rather but a lot of them 00:19:14.990 --> 00:19:16.270 align:start position:0% distribution rather but a lot of them need<00:19:15.110> capital<00:19:15.620> and<00:19:15.740> that's<00:19:15.860> what<00:19:16.010> the<00:19:16.070> grant 00:19:16.270 --> 00:19:16.280 align:start position:0% need capital and that's what the grant 00:19:16.280 --> 00:19:17.920 align:start position:0% need capital and that's what the grant process<00:19:16.520> is<00:19:16.880> really<00:19:17.030> supposed<00:19:17.360> to<00:19:17.510> supposed 00:19:17.920 --> 00:19:17.930 align:start position:0% process is really supposed to supposed 00:19:17.930 --> 00:19:19.780 align:start position:0% process is really supposed to supposed to<00:19:18.050> help<00:19:18.230> with<00:19:18.260> I<00:19:18.560> have<00:19:18.890> to<00:19:19.040> admit<00:19:19.430> like<00:19:19.640> in 00:19:19.780 --> 00:19:19.790 align:start position:0% to help with I have to admit like in 00:19:19.790 --> 00:19:21.040 align:start position:0% to help with I have to admit like in terms<00:19:20.060> of<00:19:20.180> being<00:19:20.330> a<00:19:20.570> little<00:19:20.930> bit 00:19:21.040 --> 00:19:21.050 align:start position:0% terms of being a little bit 00:19:21.050 --> 00:19:23.350 align:start position:0% terms of being a little bit self-critical<00:19:21.650> the<00:19:22.520> current<00:19:22.820> grant<00:19:23.000> process 00:19:23.350 --> 00:19:23.360 align:start position:0% self-critical the current grant process 00:19:23.360 --> 00:19:24.940 align:start position:0% self-critical the current grant process is<00:19:23.510> structured<00:19:23.840> on<00:19:23.930> in<00:19:24.230> such<00:19:24.500> a<00:19:24.530> way<00:19:24.710> that<00:19:24.860> it 00:19:24.940 --> 00:19:24.950 align:start position:0% is structured on in such a way that it 00:19:24.950 --> 00:19:27.580 align:start position:0% is structured on in such a way that it really<00:19:25.250> mirrors<00:19:26.090> like<00:19:26.390> an<00:19:26.510> academic<00:19:27.140> style 00:19:27.580 --> 00:19:27.590 align:start position:0% really mirrors like an academic style 00:19:27.590 --> 00:19:30.760 align:start position:0% really mirrors like an academic style grant<00:19:28.460> grant<00:19:29.030> committee<00:19:29.300> and<00:19:29.990> as<00:19:30.350> a<00:19:30.380> result<00:19:30.710> of 00:19:30.760 --> 00:19:30.770 align:start position:0% grant grant committee and as a result of 00:19:30.770 --> 00:19:32.470 align:start position:0% grant grant committee and as a result of this<00:19:30.860> first<00:19:31.040> mint<00:19:31.280> process<00:19:31.610> is<00:19:31.790> a<00:19:32.030> little<00:19:32.360> bit 00:19:32.470 --> 00:19:32.480 align:start position:0% this first mint process is a little bit 00:19:32.480 --> 00:19:34.420 align:start position:0% this first mint process is a little bit too<00:19:32.660> slow<00:19:32.960> I<00:19:33.200> think<00:19:33.470> I'm<00:19:33.620> okay<00:19:33.980> with<00:19:34.220> the<00:19:34.340> idea 00:19:34.420 --> 00:19:34.430 align:start position:0% too slow I think I'm okay with the idea 00:19:34.430 --> 00:19:37.930 align:start position:0% too slow I think I'm okay with the idea of<00:19:34.690> nonprofits<00:19:35.690> acting<00:19:36.020> slower<00:19:36.920> to<00:19:37.250> to 00:19:37.930 --> 00:19:37.940 align:start position:0% of nonprofits acting slower to to 00:19:37.940 --> 00:19:39.730 align:start position:0% of nonprofits acting slower to to distribute<00:19:38.390> those<00:19:38.540> are<00:19:39.020> just<00:19:39.320> slower<00:19:39.530> in 00:19:39.730 --> 00:19:39.740 align:start position:0% distribute those are just slower in 00:19:39.740 --> 00:19:41.410 align:start position:0% distribute those are just slower in general<00:19:40.100> but<00:19:40.460> it's<00:19:40.580> still<00:19:40.760> a<00:19:40.790> little<00:19:40.970> bit<00:19:41.180> too 00:19:41.410 --> 00:19:41.420 align:start position:0% general but it's still a little bit too 00:19:41.420 --> 00:19:44.830 align:start position:0% general but it's still a little bit too slow<00:19:41.690> for<00:19:42.170> us<00:19:42.200> and<00:19:42.620> my<00:19:43.190> hope<00:19:43.430> is<00:19:43.610> that<00:19:43.840> we're 00:19:44.830 --> 00:19:44.840 align:start position:0% slow for us and my hope is that we're 00:19:44.840 --> 00:19:46.360 align:start position:0% slow for us and my hope is that we're gonna<00:19:45.050> be<00:19:45.230> partnering<00:19:45.620> with<00:19:45.710> some<00:19:45.980> folks<00:19:46.220> to 00:19:46.360 --> 00:19:46.370 align:start position:0% gonna be partnering with some folks to 00:19:46.370 --> 00:19:49.330 align:start position:0% gonna be partnering with some folks to actually<00:19:46.550> build<00:19:47.000> a<00:19:47.450> more<00:19:47.840> streamlined<00:19:48.380> grant 00:19:49.330 --> 00:19:49.340 align:start position:0% actually build a more streamlined grant 00:19:49.340 --> 00:19:52.150 align:start position:0% actually build a more streamlined grant grant<00:19:50.300> platform<00:19:51.170> and<00:19:51.350> bounty<00:19:51.620> platform<00:19:52.010> that 00:19:52.150 --> 00:19:52.160 align:start position:0% grant platform and bounty platform that 00:19:52.160 --> 00:19:54.520 align:start position:0% grant platform and bounty platform that will<00:19:52.220> help<00:19:52.340> with<00:19:52.520> that<00:19:52.580> too<00:19:52.970> what<00:19:53.750> about<00:19:54.020> you 00:19:54.520 --> 00:19:54.530 align:start position:0% will help with that too what about you 00:19:54.530 --> 00:19:56.800 align:start position:0% will help with that too what about you know<00:19:54.620> like<00:19:54.860> the<00:19:55.040> the<00:19:55.700> biggest<00:19:56.120> revenue 00:19:56.800 --> 00:19:56.810 align:start position:0% know like the the biggest revenue 00:19:56.810 --> 00:19:59.110 align:start position:0% know like the the biggest revenue generator<00:19:57.410> in<00:19:57.770> the<00:19:58.010> Hashi<00:19:58.580> Coast 00:19:59.110 --> 00:19:59.120 align:start position:0% generator in the Hashi Coast 00:19:59.120 --> 00:20:01.650 align:start position:0% generator in the Hashi Coast is<00:19:59.450> the<00:19:59.600> founders<00:19:59.960> reward<00:20:00.290> right<00:20:00.620> right<00:20:00.920> and 00:20:01.650 --> 00:20:01.660 align:start position:0% is the founders reward right right and 00:20:01.660 --> 00:20:06.760 align:start position:0% is the founders reward right right and and<00:20:02.660> is<00:20:03.650> that<00:20:04.010> going<00:20:04.430> to<00:20:04.730> be<00:20:05.559> like<00:20:06.559> that's 00:20:06.760 --> 00:20:06.770 align:start position:0% and is that going to be like that's 00:20:06.770 --> 00:20:08.530 align:start position:0% and is that going to be like that's obviously<00:20:07.280> a<00:20:07.370> governance<00:20:07.760> question<00:20:08.000> of<00:20:08.390> how 00:20:08.530 --> 00:20:08.540 align:start position:0% obviously a governance question of how 00:20:08.540 --> 00:20:10.120 align:start position:0% obviously a governance question of how that<00:20:08.600> founders<00:20:09.080> who<00:20:09.170> were<00:20:09.290> guys<00:20:09.470> distributed 00:20:10.120 --> 00:20:10.130 align:start position:0% that founders who were guys distributed 00:20:10.130 --> 00:20:11.470 align:start position:0% that founders who were guys distributed yeah<00:20:10.520> this<00:20:10.700> ecosystem 00:20:11.470 --> 00:20:11.480 align:start position:0% yeah this ecosystem 00:20:11.480 --> 00:20:12.850 align:start position:0% yeah this ecosystem yeah<00:20:11.660> and<00:20:12.170> that's<00:20:12.290> probably<00:20:12.530> the<00:20:12.680> most 00:20:12.850 --> 00:20:12.860 align:start position:0% yeah and that's probably the most 00:20:12.860 --> 00:20:16.420 align:start position:0% yeah and that's probably the most sustainable<00:20:13.309> way<00:20:13.610> to<00:20:14.240> fund<00:20:14.800> effort<00:20:15.800> and<00:20:16.100> on<00:20:16.309> an 00:20:16.420 --> 00:20:16.430 align:start position:0% sustainable way to fund effort and on an 00:20:16.430 --> 00:20:19.720 align:start position:0% sustainable way to fund effort and on an ongoing<00:20:17.090> basis<00:20:17.780> yeah<00:20:18.260> is<00:20:18.559> there<00:20:18.830> is<00:20:19.580> there 00:20:19.720 --> 00:20:19.730 align:start position:0% ongoing basis yeah is there is there 00:20:19.730 --> 00:20:21.370 align:start position:0% ongoing basis yeah is there is there anything<00:20:19.880> like<00:20:20.150> that<00:20:20.510> where<00:20:20.720> there's<00:20:21.320> a 00:20:21.370 --> 00:20:21.380 align:start position:0% anything like that where there's a 00:20:21.380 --> 00:20:23.890 align:start position:0% anything like that where there's a sustainable<00:20:22.070> model<00:20:22.309> where<00:20:22.790> the<00:20:23.330> foundation 00:20:23.890 --> 00:20:23.900 align:start position:0% sustainable model where the foundation 00:20:23.900 --> 00:20:27.010 align:start position:0% sustainable model where the foundation can<00:20:24.110> fund<00:20:24.950> something<00:20:25.480> through<00:20:26.480> the<00:20:26.570> community 00:20:27.010 --> 00:20:27.020 align:start position:0% can fund something through the community 00:20:27.020 --> 00:20:29.860 align:start position:0% can fund something through the community yeah<00:20:27.710> well<00:20:28.520> I<00:20:28.550> think<00:20:28.760> a<00:20:28.940> lot<00:20:29.059> of<00:20:29.150> that<00:20:29.270> a<00:20:29.480> lot<00:20:29.750> of 00:20:29.860 --> 00:20:29.870 align:start position:0% yeah well I think a lot of that a lot of 00:20:29.870 --> 00:20:32.200 align:start position:0% yeah well I think a lot of that a lot of that<00:20:29.960> depends<00:20:30.260> on<00:20:30.440> how<00:20:31.010> so<00:20:31.820> if<00:20:31.910> you're<00:20:32.059> if 00:20:32.200 --> 00:20:32.210 align:start position:0% that depends on how so if you're if 00:20:32.210 --> 00:20:33.700 align:start position:0% that depends on how so if you're if you're<00:20:32.240> building<00:20:32.690> a<00:20:32.840> project<00:20:33.170> that<00:20:33.230> has<00:20:33.440> a 00:20:33.700 --> 00:20:33.710 align:start position:0% you're building a project that has a 00:20:33.710 --> 00:20:36.100 align:start position:0% you're building a project that has a founders<00:20:34.130> reward<00:20:34.520> you're<00:20:35.110> effectively 00:20:36.100 --> 00:20:36.110 align:start position:0% founders reward you're effectively 00:20:36.110 --> 00:20:37.980 align:start position:0% founders reward you're effectively engaging<00:20:36.410> in<00:20:36.590> a<00:20:36.650> social<00:20:36.980> contract<00:20:37.309> with 00:20:37.980 --> 00:20:37.990 align:start position:0% engaging in a social contract with 00:20:37.990 --> 00:20:40.930 align:start position:0% engaging in a social contract with miners<00:20:38.990> and<00:20:39.200> users<00:20:39.679> that<00:20:40.100> you<00:20:40.520> are<00:20:40.670> going<00:20:40.850> to 00:20:40.930 --> 00:20:40.940 align:start position:0% miners and users that you are going to 00:20:40.940 --> 00:20:44.290 align:start position:0% miners and users that you are going to create<00:20:41.330> a<00:20:41.420> certain<00:20:42.260> carve<00:20:42.590> out<00:20:42.770> for<00:20:43.300> for 00:20:44.290 --> 00:20:44.300 align:start position:0% create a certain carve out for for 00:20:44.300 --> 00:20:45.610 align:start position:0% create a certain carve out for for resources<00:20:44.690> that<00:20:44.750> should<00:20:44.900> be<00:20:44.960> dedicated<00:20:45.440> to<00:20:45.470> a 00:20:45.610 --> 00:20:45.620 align:start position:0% resources that should be dedicated to a 00:20:45.620 --> 00:20:48.520 align:start position:0% resources that should be dedicated to a given<00:20:46.309> ecosystem<00:20:46.870> and<00:20:47.870> then<00:20:48.050> the<00:20:48.200> question 00:20:48.520 --> 00:20:48.530 align:start position:0% given ecosystem and then the question 00:20:48.530 --> 00:20:49.780 align:start position:0% given ecosystem and then the question becomes<00:20:48.800> well<00:20:49.100> how<00:20:49.130> do<00:20:49.280> you<00:20:49.429> you<00:20:49.700> know 00:20:49.780 --> 00:20:49.790 align:start position:0% becomes well how do you you know 00:20:49.790 --> 00:20:51.400 align:start position:0% becomes well how do you you know distribute<00:20:50.030> them<00:20:50.270> effectively<00:20:50.690> and<00:20:50.809> to<00:20:51.170> be 00:20:51.400 --> 00:20:51.410 align:start position:0% distribute them effectively and to be 00:20:51.410 --> 00:20:52.690 align:start position:0% distribute them effectively and to be honest<00:20:51.650> like<00:20:51.770> the<00:20:51.950> foundation<00:20:52.250> it<00:20:52.550> was 00:20:52.690 --> 00:20:52.700 align:start position:0% honest like the foundation it was 00:20:52.700 --> 00:20:54.760 align:start position:0% honest like the foundation it was somewhat<00:20:53.360> of<00:20:53.450> a<00:20:53.540> foregone<00:20:53.990> conclusion<00:20:54.020> on<00:20:54.740> how 00:20:54.760 --> 00:20:54.770 align:start position:0% somewhat of a foregone conclusion on how 00:20:54.770 --> 00:20:56.320 align:start position:0% somewhat of a foregone conclusion on how the<00:20:55.070> founders<00:20:55.550> were<00:20:55.700> reward<00:20:56.179> would<00:20:56.270> be 00:20:56.320 --> 00:20:56.330 align:start position:0% the founders were reward would be 00:20:56.330 --> 00:20:58.390 align:start position:0% the founders were reward would be distributed<00:20:56.929> because<00:20:57.740> the<00:20:58.130> foundation 00:20:58.390 --> 00:20:58.400 align:start position:0% distributed because the foundation 00:20:58.400 --> 00:21:01.000 align:start position:0% distributed because the foundation didn't<00:20:58.730> exist<00:20:59.030> when<00:20:59.870> that<00:21:00.080> decision<00:21:00.260> was<00:21:00.530> made 00:21:01.000 --> 00:21:01.010 align:start position:0% didn't exist when that decision was made 00:21:01.010 --> 00:21:04.180 align:start position:0% didn't exist when that decision was made but<00:21:01.700> it<00:21:01.850> was<00:21:01.970> made<00:21:02.240> as<00:21:02.420> a<00:21:02.450> result<00:21:02.870> of<00:21:03.080> in<00:21:03.980> my 00:21:04.180 --> 00:21:04.190 align:start position:0% but it was made as a result of in my 00:21:04.190 --> 00:21:07.360 align:start position:0% but it was made as a result of in my view<00:21:04.550> I<00:21:04.850> think<00:21:05.710> people<00:21:06.710> who<00:21:06.800> are<00:21:06.830> looking<00:21:07.130> far 00:21:07.360 --> 00:21:07.370 align:start position:0% view I think people who are looking far 00:21:07.370 --> 00:21:09.700 align:start position:0% view I think people who are looking far ahead<00:21:07.400> at<00:21:07.970> what<00:21:08.690> needed<00:21:08.929> to<00:21:09.020> happen<00:21:09.110> to<00:21:09.590> help 00:21:09.700 --> 00:21:09.710 align:start position:0% ahead at what needed to happen to help 00:21:09.710 --> 00:21:12.250 align:start position:0% ahead at what needed to happen to help distribute<00:21:10.220> power<00:21:10.580> and<00:21:11.000> those<00:21:11.690> individual 00:21:12.250 --> 00:21:12.260 align:start position:0% distribute power and those individual 00:21:12.260 --> 00:21:14.380 align:start position:0% distribute power and those individual recipients<00:21:12.830> of<00:21:12.920> the<00:21:12.980> founders<00:21:13.309> reward<00:21:13.670> came 00:21:14.380 --> 00:21:14.390 align:start position:0% recipients of the founders reward came 00:21:14.390 --> 00:21:16.030 align:start position:0% recipients of the founders reward came together<00:21:14.540> and<00:21:14.809> said<00:21:14.960> we<00:21:15.200> want<00:21:15.350> to<00:21:15.500> donate<00:21:15.860> to 00:21:16.030 --> 00:21:16.040 align:start position:0% together and said we want to donate to 00:21:16.040 --> 00:21:17.410 align:start position:0% together and said we want to donate to create<00:21:16.309> this<00:21:16.429> foundation<00:21:16.610> that's<00:21:17.090> completely 00:21:17.410 --> 00:21:17.420 align:start position:0% create this foundation that's completely 00:21:17.420 --> 00:21:19.630 align:start position:0% create this foundation that's completely separate<00:21:17.840> from<00:21:17.900> the<00:21:18.110> company<00:21:18.500> and<00:21:19.190> it's<00:21:19.550> a 00:21:19.630 --> 00:21:19.640 align:start position:0% separate from the company and it's a 00:21:19.640 --> 00:21:22.030 align:start position:0% separate from the company and it's a rather<00:21:19.820> sizable<00:21:20.570> amount<00:21:20.929> of<00:21:21.080> of<00:21:21.650> Zach<00:21:21.860> it's 00:21:22.030 --> 00:21:22.040 align:start position:0% rather sizable amount of of Zach it's 00:21:22.040 --> 00:21:25.210 align:start position:0% rather sizable amount of of Zach it's roughly<00:21:22.340> 1.4<00:21:23.210> percent<00:21:23.390> of<00:21:23.840> G<00:21:24.620> cash<00:21:24.830> that<00:21:25.100> will 00:21:25.210 --> 00:21:25.220 align:start position:0% roughly 1.4 percent of G cash that will 00:21:25.220 --> 00:21:29.590 align:start position:0% roughly 1.4 percent of G cash that will ever<00:21:25.400> be<00:21:25.630> mined<00:21:27.250> you<00:21:28.250> know<00:21:28.340> that<00:21:28.550> the<00:21:28.940> the<00:21:29.420> full 00:21:29.590 --> 00:21:29.600 align:start position:0% ever be mined you know that the the full 00:21:29.600 --> 00:21:31.210 align:start position:0% ever be mined you know that the the full supply<00:21:29.870> schedule<00:21:30.080> will<00:21:30.800> go<00:21:30.950> to<00:21:31.010> the 00:21:31.210 --> 00:21:31.220 align:start position:0% supply schedule will go to the 00:21:31.220 --> 00:21:33.790 align:start position:0% supply schedule will go to the foundation<00:21:31.760> and<00:21:32.360> and<00:21:32.900> so<00:21:32.990> the<00:21:33.110> onus<00:21:33.260> is<00:21:33.440> on<00:21:33.559> us 00:21:33.790 --> 00:21:33.800 align:start position:0% foundation and and so the onus is on us 00:21:33.800 --> 00:21:36.480 align:start position:0% foundation and and so the onus is on us for<00:21:34.130> coming<00:21:34.340> up<00:21:34.580> with<00:21:34.610> a<00:21:35.030> better<00:21:35.480> method<00:21:35.780> for 00:21:36.480 --> 00:21:36.490 align:start position:0% for coming up with a better method for 00:21:36.490 --> 00:21:38.500 align:start position:0% for coming up with a better method for distributing<00:21:37.490> those<00:21:37.580> grants<00:21:38.059> right<00:21:38.300> now<00:21:38.450> we 00:21:38.500 --> 00:21:38.510 align:start position:0% distributing those grants right now we 00:21:38.510 --> 00:21:40.330 align:start position:0% distributing those grants right now we have<00:21:38.750> a<00:21:38.780> voluntary<00:21:39.230> grant<00:21:39.620> review<00:21:39.920> committee 00:21:40.330 --> 00:21:40.340 align:start position:0% have a voluntary grant review committee 00:21:40.340 --> 00:21:42.910 align:start position:0% have a voluntary grant review committee it's<00:21:40.580> very<00:21:40.820> academic<00:21:41.330> it's<00:21:41.480> a<00:21:41.540> little<00:21:41.780> slow<00:21:42.020> my 00:21:42.910 --> 00:21:42.920 align:start position:0% it's very academic it's a little slow my 00:21:42.920 --> 00:21:44.620 align:start position:0% it's very academic it's a little slow my view<00:21:43.160> is<00:21:43.250> that<00:21:43.280> there's<00:21:43.640> a<00:21:43.910> way<00:21:44.270> to<00:21:44.330> create 00:21:44.620 --> 00:21:44.630 align:start position:0% view is that there's a way to create 00:21:44.630 --> 00:21:46.870 align:start position:0% view is that there's a way to create more<00:21:44.720> community<00:21:45.260> involvement<00:21:45.380> that<00:21:45.830> will<00:21:46.100> not 00:21:46.870 --> 00:21:46.880 align:start position:0% more community involvement that will not 00:21:46.880 --> 00:21:48.669 align:start position:0% more community involvement that will not necessarily<00:21:47.030> involve<00:21:47.750> anything<00:21:47.960> fancy<00:21:48.440> like 00:21:48.669 --> 00:21:48.679 align:start position:0% necessarily involve anything fancy like 00:21:48.679 --> 00:21:51.370 align:start position:0% necessarily involve anything fancy like on<00:21:49.340> Shane<00:21:49.760> but<00:21:50.179> really<00:21:50.510> just<00:21:50.540> a<00:21:50.750> platform<00:21:51.200> that 00:21:51.370 --> 00:21:51.380 align:start position:0% on Shane but really just a platform that 00:21:51.380 --> 00:21:53.020 align:start position:0% on Shane but really just a platform that we<00:21:51.500> run<00:21:51.710> that<00:21:51.950> enables<00:21:52.340> people<00:21:52.520> to<00:21:52.700> fund 00:21:53.020 --> 00:21:53.030 align:start position:0% we run that enables people to fund 00:21:53.030 --> 00:21:54.400 align:start position:0% we run that enables people to fund projects<00:21:53.420> they<00:21:53.540> want<00:21:53.660> to<00:21:53.780> see<00:21:53.960> with<00:21:54.200> the 00:21:54.400 --> 00:21:54.410 align:start position:0% projects they want to see with the 00:21:54.410 --> 00:21:56.260 align:start position:0% projects they want to see with the possibility<00:21:55.100> of<00:21:55.190> getting<00:21:55.340> foundation 00:21:56.260 --> 00:21:56.270 align:start position:0% possibility of getting foundation 00:21:56.270 --> 00:22:03.610 align:start position:0% possibility of getting foundation support<00:21:56.660> later<00:21:56.870> on<00:21:57.760> yeah<00:21:58.760> thanks 00:22:03.610 --> 00:22:03.620 align:start position:0% 00:22:03.620 --> 00:22:06.490 align:start position:0% oh<00:22:03.680> hello<00:22:04.190> a<00:22:04.460> great<00:22:05.180> talk<00:22:05.390> and<00:22:05.690> I'm<00:22:06.050> referring 00:22:06.490 --> 00:22:06.500 align:start position:0% oh hello a great talk and I'm referring 00:22:06.500 --> 00:22:08.710 align:start position:0% oh hello a great talk and I'm referring to<00:22:06.980> the<00:22:07.130> scale<00:22:07.430> that<00:22:07.640> you<00:22:07.730> showed<00:22:08.000> us<00:22:08.030> I<00:22:08.420> can't 00:22:08.710 --> 00:22:08.720 align:start position:0% to the scale that you showed us I can't 00:22:08.720 --> 00:22:10.299 align:start position:0% to the scale that you showed us I can't help<00:22:08.840> but<00:22:08.990> notice<00:22:09.320> that<00:22:09.530> the<00:22:09.830> privacy 00:22:10.299 --> 00:22:10.309 align:start position:0% help but notice that the privacy 00:22:10.309 --> 00:22:11.320 align:start position:0% help but notice that the privacy protocols<00:22:10.610> are<00:22:10.970> a<00:22:11.000> little<00:22:11.120> bit<00:22:11.300> more 00:22:11.320 --> 00:22:11.330 align:start position:0% protocols are a little bit more 00:22:11.330 --> 00:22:13.390 align:start position:0% protocols are a little bit more centralized<00:22:11.930> yeah<00:22:12.320> do<00:22:12.680> you<00:22:12.770> think<00:22:12.830> there<00:22:13.190> is<00:22:13.370> a 00:22:13.390 --> 00:22:13.400 align:start position:0% centralized yeah do you think there is a 00:22:13.400 --> 00:22:15.040 align:start position:0% centralized yeah do you think there is a correlation<00:22:13.940> between<00:22:14.180> the<00:22:14.540> degree<00:22:14.930> of 00:22:15.040 --> 00:22:15.050 align:start position:0% correlation between the degree of 00:22:15.050 --> 00:22:16.000 align:start position:0% correlation between the degree of privacy<00:22:15.290> and<00:22:15.680> the<00:22:15.740> degree<00:22:15.980> of 00:22:16.000 --> 00:22:16.010 align:start position:0% privacy and the degree of 00:22:16.010 --> 00:22:19.960 align:start position:0% privacy and the degree of decentralization<00:22:18.520> maybe<00:22:19.520> but<00:22:19.730> I<00:22:19.760> actually 00:22:19.960 --> 00:22:19.970 align:start position:0% decentralization maybe but I actually 00:22:19.970 --> 00:22:22.150 align:start position:0% decentralization maybe but I actually would<00:22:20.330> so<00:22:20.840> that's<00:22:21.350> a<00:22:21.410> great<00:22:21.530> question<00:22:21.620> but<00:22:22.100> I 00:22:22.150 --> 00:22:22.160 align:start position:0% would so that's a great question but I 00:22:22.160 --> 00:22:24.010 align:start position:0% would so that's a great question but I would<00:22:22.400> reframe<00:22:22.910> it<00:22:22.940> not<00:22:23.240> in<00:22:23.360> terms<00:22:23.480> of<00:22:23.660> privacy 00:22:24.010 --> 00:22:24.020 align:start position:0% would reframe it not in terms of privacy 00:22:24.020 --> 00:22:26.470 align:start position:0% would reframe it not in terms of privacy but<00:22:24.559> in<00:22:24.650> terms<00:22:24.890> of<00:22:25.040> cryptographic<00:22:25.580> expertise 00:22:26.470 --> 00:22:26.480 align:start position:0% but in terms of cryptographic expertise 00:22:26.480 --> 00:22:29.049 align:start position:0% but in terms of cryptographic expertise necessary<00:22:26.720> to<00:22:27.380> execute<00:22:27.710> a<00:22:28.070> privacy<00:22:28.790> coin 00:22:29.049 --> 00:22:29.059 align:start position:0% necessary to execute a privacy coin 00:22:29.059 --> 00:22:33.100 align:start position:0% necessary to execute a privacy coin because<00:22:29.990> truth<00:22:30.170> be<00:22:30.290> told<00:22:30.320> I<00:22:30.680> mean<00:22:31.120> doing<00:22:32.120> doing 00:22:33.100 --> 00:22:33.110 align:start position:0% because truth be told I mean doing doing 00:22:33.110 --> 00:22:35.290 align:start position:0% because truth be told I mean doing doing this<00:22:33.200> stuff<00:22:33.470> right<00:22:33.950> is<00:22:34.190> very<00:22:34.790> very<00:22:35.059> difficult 00:22:35.290 --> 00:22:35.300 align:start position:0% this stuff right is very very difficult 00:22:35.300 --> 00:22:38.650 align:start position:0% this stuff right is very very difficult and<00:22:35.660> very<00:22:35.720> esoteric<00:22:36.260> and<00:22:36.820> it's<00:22:37.820> hard<00:22:38.179> to<00:22:38.270> find 00:22:38.650 --> 00:22:38.660 align:start position:0% and very esoteric and it's hard to find 00:22:38.660 --> 00:22:41.860 align:start position:0% and very esoteric and it's hard to find the<00:22:39.260> right<00:22:39.470> people<00:22:39.710> to<00:22:40.610> do<00:22:40.730> it<00:22:40.880> and<00:22:41.030> I<00:22:41.120> mean<00:22:41.480> so 00:22:41.860 --> 00:22:41.870 align:start position:0% the right people to do it and I mean so 00:22:41.870 --> 00:22:43.690 align:start position:0% the right people to do it and I mean so many<00:22:42.050> kudos<00:22:42.620> to<00:22:42.830> the<00:22:42.920> Z<00:22:43.070> cache<00:22:43.250> company 00:22:43.690 --> 00:22:43.700 align:start position:0% many kudos to the Z cache company 00:22:43.700 --> 00:22:47.049 align:start position:0% many kudos to the Z cache company because<00:22:43.970> it's<00:22:44.150> one<00:22:44.360> of<00:22:44.480> the<00:22:44.570> brightest<00:22:46.059> group 00:22:47.049 --> 00:22:47.059 align:start position:0% because it's one of the brightest group 00:22:47.059 --> 00:22:49.270 align:start position:0% because it's one of the brightest group of<00:22:47.240> cryptographers<00:22:48.020> that<00:22:48.380> I've<00:22:48.620> I've<00:22:49.040> ever 00:22:49.270 --> 00:22:49.280 align:start position:0% of cryptographers that I've I've ever 00:22:49.280 --> 00:22:51.640 align:start position:0% of cryptographers that I've I've ever seen<00:22:49.610> and<00:22:50.420> I<00:22:50.630> think<00:22:50.840> it's<00:22:50.960> it's<00:22:51.140> very<00:22:51.230> very 00:22:51.640 --> 00:22:51.650 align:start position:0% seen and I think it's it's very very 00:22:51.650 --> 00:22:53.470 align:start position:0% seen and I think it's it's very very difficult<00:22:52.040> to<00:22:52.280> find<00:22:52.550> people<00:22:53.000> of<00:22:53.090> that<00:22:53.210> of<00:22:53.420> that 00:22:53.470 --> 00:22:53.480 align:start position:0% difficult to find people of that of that 00:22:53.480 --> 00:22:55.660 align:start position:0% difficult to find people of that of that calibre<00:22:54.140> but<00:22:54.590> a<00:22:54.620> lot<00:22:54.830> of<00:22:54.860> that<00:22:54.980> is<00:22:55.100> also<00:22:55.429> an 00:22:55.660 --> 00:22:55.670 align:start position:0% calibre but a lot of that is also an 00:22:55.670 --> 00:22:57.820 align:start position:0% calibre but a lot of that is also an education<00:22:56.420> problem<00:22:56.660> and<00:22:57.500> it's<00:22:57.620> something 00:22:57.820 --> 00:22:57.830 align:start position:0% education problem and it's something 00:22:57.830 --> 00:22:59.560 align:start position:0% education problem and it's something that<00:22:57.980> we<00:22:58.309> at<00:22:58.580> the<00:22:58.700> foundation<00:22:58.820> are<00:22:59.330> also 00:22:59.560 --> 00:22:59.570 align:start position:0% that we at the foundation are also 00:22:59.570 --> 00:23:02.380 align:start position:0% that we at the foundation are also somewhat<00:23:00.080> tasked<00:23:00.500> with<00:23:00.530> trying<00:23:00.950> to<00:23:01.240> open<00:23:02.240> up 00:23:02.380 --> 00:23:02.390 align:start position:0% somewhat tasked with trying to open up 00:23:02.390 --> 00:23:04.510 align:start position:0% somewhat tasked with trying to open up more<00:23:03.200> opportunities<00:23:03.800> for<00:23:03.830> people<00:23:03.980> to<00:23:04.220> learn 00:23:04.510 --> 00:23:04.520 align:start position:0% more opportunities for people to learn 00:23:04.520 --> 00:23:06.310 align:start position:0% more opportunities for people to learn about<00:23:04.580> these<00:23:05.390> technologies<00:23:05.960> so<00:23:05.990> they<00:23:06.110> can 00:23:06.310 --> 00:23:06.320 align:start position:0% about these technologies so they can 00:23:06.320 --> 00:23:08.560 align:start position:0% about these technologies so they can become<00:23:06.440> contributors<00:23:07.100> but<00:23:07.340> it's<00:23:07.790> very<00:23:08.300> very 00:23:08.560 --> 00:23:08.570 align:start position:0% become contributors but it's very very 00:23:08.570 --> 00:23:11.860 align:start position:0% become contributors but it's very very difficult<00:23:08.809> to<00:23:09.320> contribute<00:23:09.830> to<00:23:10.130> to<00:23:11.090> any<00:23:11.420> sort 00:23:11.860 --> 00:23:11.870 align:start position:0% difficult to contribute to to any sort 00:23:11.870 --> 00:23:13.510 align:start position:0% difficult to contribute to to any sort of<00:23:11.929> like<00:23:12.140> you<00:23:12.440> know<00:23:12.470> snark<00:23:12.860> development<00:23:13.340> or 00:23:13.510 --> 00:23:13.520 align:start position:0% of like you know snark development or 00:23:13.520 --> 00:23:15.610 align:start position:0% of like you know snark development or ring<00:23:13.760> signature<00:23:14.120> development<00:23:14.600> or<00:23:14.750> or<00:23:15.170> grin<00:23:15.500> or 00:23:15.610 --> 00:23:15.620 align:start position:0% ring signature development or or grin or 00:23:15.620 --> 00:23:17.320 align:start position:0% ring signature development or or grin or MIM<00:23:15.770> belen<00:23:16.070> Bowl<00:23:16.250> it's<00:23:16.460> like<00:23:16.700> it's<00:23:16.910> just<00:23:16.970> hard 00:23:17.320 --> 00:23:17.330 align:start position:0% MIM belen Bowl it's like it's just hard 00:23:17.330 --> 00:23:19.540 align:start position:0% MIM belen Bowl it's like it's just hard and<00:23:17.570> so<00:23:17.660> it<00:23:17.809> that<00:23:18.080> necessarily<00:23:18.710> makes<00:23:19.340> a 00:23:19.540 --> 00:23:19.550 align:start position:0% and so it that necessarily makes a 00:23:19.550 --> 00:23:21.790 align:start position:0% and so it that necessarily makes a smaller<00:23:19.880> pool<00:23:20.270> and<00:23:20.630> they're<00:23:21.320> also<00:23:21.440> younger 00:23:21.790 --> 00:23:21.800 align:start position:0% smaller pool and they're also younger 00:23:21.800 --> 00:23:27.850 align:start position:0% smaller pool and they're also younger projects<00:23:22.490> so<00:23:22.790> it<00:23:23.660> takes<00:23:24.260> time<00:23:26.500> can<00:23:27.500> you<00:23:27.590> share 00:23:27.850 --> 00:23:27.860 align:start position:0% projects so it takes time can you share 00:23:27.860 --> 00:23:30.850 align:start position:0% projects so it takes time can you share a<00:23:27.890> specific<00:23:28.309> example<00:23:28.910> of<00:23:29.450> tension<00:23:30.230> that<00:23:30.679> was 00:23:30.850 --> 00:23:30.860 align:start position:0% a specific example of tension that was 00:23:30.860 --> 00:23:33.510 align:start position:0% a specific example of tension that was resolved<00:23:31.340> using<00:23:31.490> this<00:23:31.760> by<00:23:31.970> model<00:23:32.360> governance 00:23:33.510 --> 00:23:33.520 align:start position:0% resolved using this by model governance 00:23:33.520 --> 00:23:41.560 align:start position:0% resolved using this by model governance a<00:23:36.610> specific<00:23:37.610> example<00:23:39.370> I<00:23:40.370> would<00:23:40.970> say<00:23:41.210> that 00:23:41.560 --> 00:23:41.570 align:start position:0% a specific example I would say that 00:23:41.570 --> 00:23:45.760 align:start position:0% a specific example I would say that there's<00:23:42.940> so<00:23:43.940> III<00:23:44.330> won't<00:23:44.600> give<00:23:44.809> us<00:23:44.960> I'll<00:23:45.620> give 00:23:45.760 --> 00:23:45.770 align:start position:0% there's so III won't give us I'll give 00:23:45.770 --> 00:23:49.570 align:start position:0% there's so III won't give us I'll give it<00:23:45.800> a<00:23:46.929> specific<00:23:47.929> enough<00:23:48.650> example<00:23:49.429> is<00:23:49.550> that 00:23:49.570 --> 00:23:49.580 align:start position:0% it a specific enough example is that 00:23:49.580 --> 00:23:51.850 align:start position:0% it a specific enough example is that better<00:23:49.910> oh<00:23:50.120> I'm<00:23:50.300> sorry<00:23:50.530> specific<00:23:51.530> enough 00:23:51.850 --> 00:23:51.860 align:start position:0% better oh I'm sorry specific enough 00:23:51.860 --> 00:23:53.560 align:start position:0% better oh I'm sorry specific enough examples<00:23:52.520> so<00:23:52.730> you<00:23:52.760> can<00:23:52.850> mask<00:23:53.270> it<00:23:53.540> and 00:23:53.560 --> 00:23:53.570 align:start position:0% examples so you can mask it and 00:23:53.570 --> 00:23:55.960 align:start position:0% examples so you can mask it and ambiguity<00:23:54.320> a<00:23:54.350> bit<00:23:54.530> yeah<00:23:54.710> yeah<00:23:55.010> okay<00:23:55.250> I'll<00:23:55.820> do 00:23:55.960 --> 00:23:55.970 align:start position:0% ambiguity a bit yeah yeah okay I'll do 00:23:55.970 --> 00:24:03.130 align:start position:0% ambiguity a bit yeah yeah okay I'll do that<00:23:56.000> so<00:23:59.020> there's<00:24:00.020> a<00:24:00.110> case<00:24:00.350> where<00:24:01.480> I<00:24:02.480> think<00:24:02.900> the 00:24:03.130 --> 00:24:03.140 align:start position:0% that so there's a case where I think the 00:24:03.140 --> 00:24:06.370 align:start position:0% that so there's a case where I think the come<00:24:03.320> the<00:24:03.559> company<00:24:04.010> and<00:24:04.309> the<00:24:04.520> foundation<00:24:05.380> we 00:24:06.370 --> 00:24:06.380 align:start position:0% come the company and the foundation we 00:24:06.380 --> 00:24:08.340 align:start position:0% come the company and the foundation we were<00:24:06.470> chatting<00:24:06.800> about<00:24:06.980> the<00:24:07.190> possibility<00:24:07.850> of 00:24:08.340 --> 00:24:08.350 align:start position:0% were chatting about the possibility of 00:24:08.350 --> 00:24:13.060 align:start position:0% were chatting about the possibility of distributing<00:24:09.350> Zee<00:24:10.280> cash<00:24:10.520> to<00:24:11.620> to<00:24:12.620> people<00:24:12.950> in 00:24:13.060 --> 00:24:13.070 align:start position:0% distributing Zee cash to to people in 00:24:13.070 --> 00:24:16.660 align:start position:0% distributing Zee cash to to people in places<00:24:13.490> that<00:24:13.520> are<00:24:14.390> at<00:24:15.200> risk<00:24:15.380> and<00:24:15.679> I<00:24:16.190> think<00:24:16.580> it's 00:24:16.660 --> 00:24:16.670 align:start position:0% places that are at risk and I think it's 00:24:16.670 --> 00:24:17.590 align:start position:0% places that are at risk and I think it's very<00:24:16.700> important 00:24:17.590 --> 00:24:17.600 align:start position:0% very important 00:24:17.600 --> 00:24:19.630 align:start position:0% very important important<00:24:18.410> thing<00:24:18.590> to<00:24:18.740> do<00:24:18.890> and<00:24:19.430> it's<00:24:19.580> very 00:24:19.630 --> 00:24:19.640 align:start position:0% important thing to do and it's very 00:24:19.640 --> 00:24:21.760 align:start position:0% important thing to do and it's very critical<00:24:20.420> that<00:24:20.630> we<00:24:20.780> figure<00:24:20.990> out<00:24:21.110> a<00:24:21.140> way<00:24:21.440> a<00:24:21.470> way 00:24:21.760 --> 00:24:21.770 align:start position:0% critical that we figure out a way a way 00:24:21.770 --> 00:24:23.050 align:start position:0% critical that we figure out a way a way to<00:24:21.830> do<00:24:21.980> it<00:24:22.100> right<00:24:22.250> but<00:24:22.430> there<00:24:22.610> was<00:24:22.730> a<00:24:22.760> case 00:24:23.050 --> 00:24:23.060 align:start position:0% to do it right but there was a case 00:24:23.060 --> 00:24:26.650 align:start position:0% to do it right but there was a case where<00:24:23.470> really<00:24:24.940> the<00:24:25.940> foundation<00:24:26.330> didn't<00:24:26.510> feel 00:24:26.650 --> 00:24:26.660 align:start position:0% where really the foundation didn't feel 00:24:26.660 --> 00:24:28.720 align:start position:0% where really the foundation didn't feel quite<00:24:26.960> as<00:24:27.080> comfortable<00:24:27.320> doing<00:24:28.070> it<00:24:28.220> and<00:24:28.430> there 00:24:28.720 --> 00:24:28.730 align:start position:0% quite as comfortable doing it and there 00:24:28.730 --> 00:24:30.790 align:start position:0% quite as comfortable doing it and there was<00:24:28.850> as<00:24:29.000> a<00:24:29.030> result<00:24:29.420> lack<00:24:30.020> of<00:24:30.230> a<00:24:30.320> joint<00:24:30.620> effort 00:24:30.790 --> 00:24:30.800 align:start position:0% was as a result lack of a joint effort 00:24:30.800 --> 00:24:34.360 align:start position:0% was as a result lack of a joint effort on<00:24:31.160> doing<00:24:31.700> it<00:24:31.820> that<00:24:31.970> that<00:24:32.210> way<00:24:32.420> I<00:24:33.230> will<00:24:34.220> say 00:24:34.360 --> 00:24:34.370 align:start position:0% on doing it that that way I will say 00:24:34.370 --> 00:24:36.280 align:start position:0% on doing it that that way I will say that<00:24:34.550> there<00:24:34.670> also<00:24:34.880> to<00:24:35.420> bring<00:24:35.690> a<00:24:35.750> hypothetical 00:24:36.280 --> 00:24:36.290 align:start position:0% that there also to bring a hypothetical 00:24:36.290 --> 00:24:40.000 align:start position:0% that there also to bring a hypothetical future<00:24:36.800> case<00:24:37.220> up<00:24:38.380> let's<00:24:39.380> say<00:24:39.560> that<00:24:39.770> in<00:24:39.920> the 00:24:40.000 --> 00:24:40.010 align:start position:0% future case up let's say that in the 00:24:40.010 --> 00:24:43.870 align:start position:0% future case up let's say that in the future<00:24:40.340> that<00:24:41.150> we<00:24:41.390> have<00:24:41.630> a<00:24:42.370> version<00:24:43.370> of<00:24:43.520> Z<00:24:43.670> cash 00:24:43.870 --> 00:24:43.880 align:start position:0% future that we have a version of Z cash 00:24:43.880 --> 00:24:46.710 align:start position:0% future that we have a version of Z cash that's<00:24:44.210> promoted<00:24:44.660> by<00:24:44.750> the<00:24:44.810> company<00:24:45.230> that<00:24:46.100> has 00:24:46.710 --> 00:24:46.720 align:start position:0% that's promoted by the company that has 00:24:46.720 --> 00:24:49.720 align:start position:0% that's promoted by the company that has some<00:24:47.720> degree<00:24:47.900> of<00:24:48.080> a<00:24:48.860> feature<00:24:49.460> that<00:24:49.580> is 00:24:49.720 --> 00:24:49.730 align:start position:0% some degree of a feature that is 00:24:49.730 --> 00:24:51.850 align:start position:0% some degree of a feature that is controversial<00:24:50.300> that<00:24:50.870> some<00:24:51.410> people<00:24:51.680> in<00:24:51.740> the 00:24:51.850 --> 00:24:51.860 align:start position:0% controversial that some people in the 00:24:51.860 --> 00:24:54.730 align:start position:0% controversial that some people in the community<00:24:51.980> say<00:24:52.460> they<00:24:52.580> don't<00:24:52.730> want<00:24:52.990> and<00:24:53.990> we 00:24:54.730 --> 00:24:54.740 align:start position:0% community say they don't want and we 00:24:54.740 --> 00:24:56.620 align:start position:0% community say they don't want and we hear<00:24:54.950> that<00:24:54.980> feedback<00:24:55.310> and<00:24:55.820> we<00:24:55.970> on<00:24:56.480> the 00:24:56.620 --> 00:24:56.630 align:start position:0% hear that feedback and we on the 00:24:56.630 --> 00:24:58.210 align:start position:0% hear that feedback and we on the foundation<00:24:57.080> side<00:24:57.320> we<00:24:57.530> collect<00:24:57.830> it<00:24:57.950> and<00:24:58.010> we<00:24:58.100> say 00:24:58.210 --> 00:24:58.220 align:start position:0% foundation side we collect it and we say 00:24:58.220 --> 00:25:00.520 align:start position:0% foundation side we collect it and we say we<00:24:58.340> can't<00:24:58.550> support<00:24:58.910> this<00:24:59.120> because<00:24:59.540> of<00:25:00.200> this 00:25:00.520 --> 00:25:00.530 align:start position:0% we can't support this because of this 00:25:00.530 --> 00:25:04.150 align:start position:0% we can't support this because of this feedback<00:25:00.800> in<00:25:01.160> the<00:25:01.720> ecosystem<00:25:02.720> at<00:25:02.840> large<00:25:03.080> so<00:25:04.040> in 00:25:04.150 --> 00:25:04.160 align:start position:0% feedback in the ecosystem at large so in 00:25:04.160 --> 00:25:06.970 align:start position:0% feedback in the ecosystem at large so in that<00:25:04.280> case<00:25:04.580> if<00:25:05.270> when<00:25:05.540> we<00:25:05.690> have<00:25:05.960> our<00:25:06.350> future 00:25:06.970 --> 00:25:06.980 align:start position:0% that case if when we have our future 00:25:06.980 --> 00:25:09.520 align:start position:0% that case if when we have our future sort<00:25:07.160> of<00:25:07.220> trademark<00:25:07.460> agreement<00:25:08.320> there<00:25:09.320> is 00:25:09.520 --> 00:25:09.530 align:start position:0% sort of trademark agreement there is 00:25:09.530 --> 00:25:11.440 align:start position:0% sort of trademark agreement there is this<00:25:09.860> possibility<00:25:10.340> where<00:25:10.790> the<00:25:11.000> company<00:25:11.360> and 00:25:11.440 --> 00:25:11.450 align:start position:0% this possibility where the company and 00:25:11.450 --> 00:25:13.780 align:start position:0% this possibility where the company and the<00:25:11.510> foundation<00:25:11.930> will<00:25:12.080> come<00:25:12.290> together<00:25:12.470> and<00:25:12.890> we 00:25:13.780 --> 00:25:13.790 align:start position:0% the foundation will come together and we 00:25:13.790 --> 00:25:15.250 align:start position:0% the foundation will come together and we will<00:25:13.940> try<00:25:14.150> to<00:25:14.180> figure<00:25:14.420> out<00:25:14.570> how<00:25:14.840> to<00:25:14.900> make<00:25:15.110> that 00:25:15.250 --> 00:25:15.260 align:start position:0% will try to figure out how to make that 00:25:15.260 --> 00:25:16.780 align:start position:0% will try to figure out how to make that feature<00:25:15.530> work<00:25:15.830> and<00:25:16.010> if<00:25:16.100> we<00:25:16.220> can't<00:25:16.520> then 00:25:16.780 --> 00:25:16.790 align:start position:0% feature work and if we can't then 00:25:16.790 --> 00:25:19.180 align:start position:0% feature work and if we can't then effectively<00:25:17.720> it's<00:25:18.020> like<00:25:18.200> nothing<00:25:18.830> can<00:25:19.040> move 00:25:19.180 --> 00:25:19.190 align:start position:0% effectively it's like nothing can move 00:25:19.190 --> 00:25:22.540 align:start position:0% effectively it's like nothing can move forward<00:25:19.690> that<00:25:20.690> in<00:25:21.080> that<00:25:21.290> no<00:25:21.620> neither<00:25:22.340> the 00:25:22.540 --> 00:25:22.550 align:start position:0% forward that in that no neither the 00:25:22.550 --> 00:25:24.250 align:start position:0% forward that in that no neither the foundation<00:25:23.000> nor<00:25:23.240> the<00:25:23.360> company<00:25:23.750> will<00:25:24.110> be<00:25:24.140> able 00:25:24.250 --> 00:25:24.260 align:start position:0% foundation nor the company will be able 00:25:24.260 --> 00:25:27.610 align:start position:0% foundation nor the company will be able to<00:25:25.180> enforce<00:25:26.180> the<00:25:26.420> trademark<00:25:26.900> on<00:25:27.050> whatever 00:25:27.610 --> 00:25:27.620 align:start position:0% to enforce the trademark on whatever 00:25:27.620 --> 00:25:29.470 align:start position:0% to enforce the trademark on whatever whatever<00:25:28.160> fourth<00:25:28.520> the<00:25:28.610> company<00:25:28.970> wanted<00:25:29.240> to<00:25:29.330> do 00:25:29.470 --> 00:25:29.480 align:start position:0% whatever fourth the company wanted to do 00:25:29.480 --> 00:25:31.080 align:start position:0% whatever fourth the company wanted to do and<00:25:29.780> then<00:25:30.200> the<00:25:30.290> main<00:25:30.470> you<00:25:30.710> know<00:25:30.740> whatever 00:25:31.080 --> 00:25:31.090 align:start position:0% and then the main you know whatever 00:25:31.090 --> 00:25:33.790 align:start position:0% and then the main you know whatever maintain<00:25:32.090> non<00:25:32.450> fork<00:25:32.780> version<00:25:33.140> would<00:25:33.470> not<00:25:33.650> be 00:25:33.790 --> 00:25:33.800 align:start position:0% maintain non fork version would not be 00:25:33.800 --> 00:25:35.710 align:start position:0% maintain non fork version would not be allowed<00:25:34.130> to<00:25:34.160> be<00:25:34.490> called<00:25:34.730> Z<00:25:34.910> cash<00:25:35.150> by<00:25:35.390> trademark 00:25:35.710 --> 00:25:35.720 align:start position:0% allowed to be called Z cash by trademark 00:25:35.720 --> 00:25:39.100 align:start position:0% allowed to be called Z cash by trademark law<00:25:36.140> now<00:25:36.710> that<00:25:36.740> that<00:25:37.220> trademark<00:25:37.970> agreement<00:25:38.690> is 00:25:39.100 --> 00:25:39.110 align:start position:0% law now that that trademark agreement is 00:25:39.110 --> 00:25:40.930 align:start position:0% law now that that trademark agreement is something<00:25:39.470> that<00:25:39.620> we're<00:25:39.740> still<00:25:39.980> trying<00:25:40.490> to<00:25:40.670> put 00:25:40.930 --> 00:25:40.940 align:start position:0% something that we're still trying to put 00:25:40.940 --> 00:25:42.760 align:start position:0% something that we're still trying to put in<00:25:41.150> place<00:25:41.450> but<00:25:41.810> it's<00:25:41.960> something<00:25:42.140> that<00:25:42.290> is<00:25:42.560> I 00:25:42.760 --> 00:25:42.770 align:start position:0% in place but it's something that is I 00:25:42.770 --> 00:25:45.070 align:start position:0% in place but it's something that is I think<00:25:42.830> very<00:25:43.010> meaningful<00:25:43.790> to<00:25:43.840> determining<00:25:44.840> how 00:25:45.070 --> 00:25:45.080 align:start position:0% think very meaningful to determining how 00:25:45.080 --> 00:25:47.680 align:start position:0% think very meaningful to determining how people<00:25:45.560> view<00:25:45.890> what<00:25:46.580> is<00:25:46.790> considered<00:25:47.270> like<00:25:47.660> the 00:25:47.680 --> 00:25:47.690 align:start position:0% people view what is considered like the 00:25:47.690 --> 00:25:50.590 align:start position:0% people view what is considered like the the<00:25:48.170> authentic<00:25:48.770> chain<00:25:49.100> going<00:25:49.520> forward<00:25:50.030> and 00:25:50.590 --> 00:25:50.600 align:start position:0% the authentic chain going forward and 00:25:50.600 --> 00:25:53.800 align:start position:0% the authentic chain going forward and that<00:25:51.080> is<00:25:51.140> like<00:25:51.530> maybe<00:25:51.890> not<00:25:52.130> a<00:25:52.190> very<00:25:52.630> it<00:25:53.630> might 00:25:53.800 --> 00:25:53.810 align:start position:0% that is like maybe not a very it might 00:25:53.810 --> 00:25:56.770 align:start position:0% that is like maybe not a very it might not<00:25:53.960> be<00:25:54.110> a<00:25:54.140> very<00:25:54.800> like<00:25:55.240> satisfactory<00:25:56.240> answer 00:25:56.770 --> 00:25:56.780 align:start position:0% not be a very like satisfactory answer 00:25:56.780 --> 00:25:58.960 align:start position:0% not be a very like satisfactory answer for<00:25:57.050> a<00:25:57.080> lot<00:25:57.230> of<00:25:57.260> people<00:25:57.680> but<00:25:58.100> I<00:25:58.340> think<00:25:58.790> that 00:25:58.960 --> 00:25:58.970 align:start position:0% for a lot of people but I think that 00:25:58.970 --> 00:26:00.970 align:start position:0% for a lot of people but I think that there's<00:25:59.270> far<00:25:59.900> more<00:25:59.960> protection<00:26:00.590> and<00:26:00.710> going 00:26:00.970 --> 00:26:00.980 align:start position:0% there's far more protection and going 00:26:00.980 --> 00:26:03.460 align:start position:0% there's far more protection and going that<00:26:01.130> route<00:26:01.310> than<00:26:01.730> just<00:26:02.030> letting<00:26:02.300> the<00:26:03.110> company 00:26:03.460 --> 00:26:03.470 align:start position:0% that route than just letting the company 00:26:03.470 --> 00:26:05.380 align:start position:0% that route than just letting the company who<00:26:03.650> again<00:26:03.890> I<00:26:04.220> deeply<00:26:04.790> admire<00:26:04.970> and<00:26:05.360> respect 00:26:05.380 --> 00:26:05.390 align:start position:0% who again I deeply admire and respect 00:26:05.390 --> 00:26:08.410 align:start position:0% who again I deeply admire and respect but<00:26:06.020> having<00:26:06.650> any<00:26:06.920> any<00:26:07.280> organization<00:26:08.210> that<00:26:08.300> has 00:26:08.410 --> 00:26:08.420 align:start position:0% but having any any organization that has 00:26:08.420 --> 00:26:10.660 align:start position:0% but having any any organization that has unilateral<00:26:09.050> control<00:26:09.500> over<00:26:10.040> the<00:26:10.190> direction<00:26:10.610> of 00:26:10.660 --> 00:26:10.670 align:start position:0% unilateral control over the direction of 00:26:10.670 --> 00:26:12.910 align:start position:0% unilateral control over the direction of a<00:26:10.760> protocol<00:26:11.180> is<00:26:11.360> is<00:26:11.480> just<00:26:11.990> it's<00:26:12.260> it's<00:26:12.680> bad 00:26:12.910 --> 00:26:12.920 align:start position:0% a protocol is is just it's it's bad 00:26:12.920 --> 00:26:19.000 align:start position:0% a protocol is is just it's it's bad design<00:26:13.370> so<00:26:13.790> yeah<00:26:14.480> yeah<00:26:16.390> hello<00:26:17.560> so<00:26:18.560> recently 00:26:19.000 --> 00:26:19.010 align:start position:0% design so yeah yeah hello so recently 00:26:19.010 --> 00:26:20.830 align:start position:0% design so yeah yeah hello so recently we've<00:26:19.190> seen<00:26:19.400> a<00:26:19.430> bit<00:26:19.730> license<00:26:20.120> approved 00:26:20.830 --> 00:26:20.840 align:start position:0% we've seen a bit license approved 00:26:20.840 --> 00:26:22.660 align:start position:0% we've seen a bit license approved exchanges<00:26:21.320> as<00:26:21.410> Gemini<00:26:21.740> list<00:26:22.010> in<00:26:22.130> Z<00:26:22.250> cash<00:26:22.460> as 00:26:22.660 --> 00:26:22.670 align:start position:0% exchanges as Gemini list in Z cash as 00:26:22.670 --> 00:26:25.150 align:start position:0% exchanges as Gemini list in Z cash as one<00:26:22.850> of<00:26:22.880> their<00:26:23.120> coins<00:26:23.450> and<00:26:23.750> I<00:26:24.620> have<00:26:24.770> a<00:26:24.800> question 00:26:25.150 --> 00:26:25.160 align:start position:0% one of their coins and I have a question 00:26:25.160 --> 00:26:28.810 align:start position:0% one of their coins and I have a question as<00:26:25.430> if<00:26:25.760> you<00:26:26.150> believe<00:26:26.630> the<00:26:26.960> company<00:26:27.820> structure 00:26:28.810 --> 00:26:28.820 align:start position:0% as if you believe the company structure 00:26:28.820 --> 00:26:31.330 align:start position:0% as if you believe the company structure of<00:26:29.090> Z<00:26:29.270> cash<00:26:29.480> has<00:26:29.870> boosted<00:26:30.440> in<00:26:30.710> terms<00:26:30.920> of<00:26:31.010> area 00:26:31.330 --> 00:26:31.340 align:start position:0% of Z cash has boosted in terms of area 00:26:31.340 --> 00:26:33.550 align:start position:0% of Z cash has boosted in terms of area in<00:26:31.730> terms<00:26:31.910> of<00:26:32.060> other<00:26:32.210> privacy<00:26:32.600> coins<00:26:33.380> like 00:26:33.550 --> 00:26:33.560 align:start position:0% in terms of other privacy coins like 00:26:33.560 --> 00:26:36.370 align:start position:0% in terms of other privacy coins like Manero<00:26:33.860> oh<00:26:34.270> do<00:26:35.270> you<00:26:35.360> like<00:26:35.660> that<00:26:35.810> the<00:26:35.930> company 00:26:36.370 --> 00:26:36.380 align:start position:0% Manero oh do you like that the company 00:26:36.380 --> 00:26:39.340 align:start position:0% Manero oh do you like that the company structure<00:26:37.100> has<00:26:37.310> helped<00:26:37.700> other<00:26:37.910> other<00:26:38.390> yeah<00:26:39.230> do 00:26:39.340 --> 00:26:39.350 align:start position:0% structure has helped other other yeah do 00:26:39.350 --> 00:26:41.560 align:start position:0% structure has helped other other yeah do you<00:26:39.440> go<00:26:39.500> in<00:26:39.590> regulation<00:26:39.910> absolutely<00:26:40.910> because 00:26:41.560 --> 00:26:41.570 align:start position:0% you go in regulation absolutely because 00:26:41.570 --> 00:26:44.740 align:start position:0% you go in regulation absolutely because I<00:26:41.660> think<00:26:41.720> particularly<00:26:42.560> with<00:26:43.240> other<00:26:44.240> privacy 00:26:44.740 --> 00:26:44.750 align:start position:0% I think particularly with other privacy 00:26:44.750 --> 00:26:47.760 align:start position:0% I think particularly with other privacy coin<00:26:45.020> projects<00:26:45.560> because<00:26:46.550> of<00:26:46.700> the<00:26:46.820> lack<00:26:47.060> of 00:26:47.760 --> 00:26:47.770 align:start position:0% coin projects because of the lack of 00:26:47.770 --> 00:26:51.070 align:start position:0% coin projects because of the lack of maybe<00:26:48.770> a<00:26:48.860> legal<00:26:49.190> entity<00:26:49.510> it's<00:26:50.510> it's<00:26:50.870> very 00:26:51.070 --> 00:26:51.080 align:start position:0% maybe a legal entity it's it's very 00:26:51.080 --> 00:26:53.470 align:start position:0% maybe a legal entity it's it's very unusual<00:26:51.230> it's<00:26:51.620> not<00:26:51.740> like<00:26:52.270> it's<00:26:53.270> not<00:26:53.360> like 00:26:53.470 --> 00:26:53.480 align:start position:0% unusual it's not like it's not like 00:26:53.480 --> 00:26:57.070 align:start position:0% unusual it's not like it's not like you'll<00:26:53.630> see<00:26:53.720> a<00:26:54.200> narrow<00:26:55.010> contributor<00:26:56.080> being 00:26:57.070 --> 00:26:57.080 align:start position:0% you'll see a narrow contributor being 00:26:57.080 --> 00:27:00.070 align:start position:0% you'll see a narrow contributor being invited<00:26:57.440> -<00:26:58.300> you<00:26:59.300> know<00:26:59.420> -<00:26:59.480> unfortunately 00:27:00.070 --> 00:27:00.080 align:start position:0% invited - you know - unfortunately 00:27:00.080 --> 00:27:01.570 align:start position:0% invited - you know - unfortunately actually<00:27:00.590> like<00:27:00.800> I<00:27:00.920> think<00:27:00.980> there<00:27:01.250> should<00:27:01.460> be 00:27:01.570 --> 00:27:01.580 align:start position:0% actually like I think there should be 00:27:01.580 --> 00:27:04.480 align:start position:0% actually like I think there should be more<00:27:01.820> of<00:27:01.970> a<00:27:02.170> more<00:27:03.170> openness<00:27:03.650> and<00:27:03.860> exchanges 00:27:04.480 --> 00:27:04.490 align:start position:0% more of a more openness and exchanges 00:27:04.490 --> 00:27:05.680 align:start position:0% more of a more openness and exchanges being<00:27:04.700> willing<00:27:04.940> to<00:27:05.030> talk<00:27:05.210> to<00:27:05.330> individual 00:27:05.680 --> 00:27:05.690 align:start position:0% being willing to talk to individual 00:27:05.690 --> 00:27:07.600 align:start position:0% being willing to talk to individual contributors<00:27:06.140> but<00:27:06.320> I<00:27:06.560> think<00:27:06.950> it<00:27:07.040> helps<00:27:07.460> when 00:27:07.600 --> 00:27:07.610 align:start position:0% contributors but I think it helps when 00:27:07.610 --> 00:27:10.000 align:start position:0% contributors but I think it helps when you<00:27:07.730> have<00:27:07.840> some<00:27:08.840> Authority<00:27:09.620> that<00:27:09.770> you<00:27:09.890> can 00:27:10.000 --> 00:27:10.010 align:start position:0% you have some Authority that you can 00:27:10.010 --> 00:27:11.530 align:start position:0% you have some Authority that you can point<00:27:10.190> to<00:27:10.310> and<00:27:10.580> say<00:27:10.610> yes<00:27:11.060> these<00:27:11.390> are<00:27:11.450> the 00:27:11.530 --> 00:27:11.540 align:start position:0% point to and say yes these are the 00:27:11.540 --> 00:27:12.850 align:start position:0% point to and say yes these are the people<00:27:11.690> that<00:27:11.870> I<00:27:11.900> go<00:27:12.020> to<00:27:12.080> to<00:27:12.230> talk<00:27:12.410> to<00:27:12.470> about 00:27:12.850 --> 00:27:12.860 align:start position:0% people that I go to to talk to about 00:27:12.860 --> 00:27:15.520 align:start position:0% people that I go to to talk to about privacy<00:27:13.190> coins<00:27:13.550> because<00:27:14.150> they<00:27:14.930> are<00:27:15.140> a<00:27:15.170> company 00:27:15.520 --> 00:27:15.530 align:start position:0% privacy coins because they are a company 00:27:15.530 --> 00:27:16.990 align:start position:0% privacy coins because they are a company that's<00:27:15.800> represented<00:27:16.460> and<00:27:16.580> I<00:27:16.610> know<00:27:16.670> how<00:27:16.940> to 00:27:16.990 --> 00:27:17.000 align:start position:0% that's represented and I know how to 00:27:17.000 --> 00:27:18.820 align:start position:0% that's represented and I know how to deal<00:27:17.210> with<00:27:17.390> companies<00:27:17.690> as<00:27:18.050> an<00:27:18.470> American 00:27:18.820 --> 00:27:18.830 align:start position:0% deal with companies as an American 00:27:18.830 --> 00:27:21.610 align:start position:0% deal with companies as an American company<00:27:19.010> myself<00:27:19.460> on<00:27:19.670> the<00:27:20.330> I<00:27:20.900> think<00:27:21.230> it'll<00:27:21.440> get 00:27:21.610 --> 00:27:21.620 align:start position:0% company myself on the I think it'll get 00:27:21.620 --> 00:27:24.010 align:start position:0% company myself on the I think it'll get trickier<00:27:22.190> as<00:27:22.460> the<00:27:22.970> foundation<00:27:23.480> and<00:27:23.690> and 00:27:24.010 --> 00:27:24.020 align:start position:0% trickier as the foundation and and 00:27:24.020 --> 00:27:25.420 align:start position:0% trickier as the foundation and and companies<00:27:24.620> start<00:27:24.770> to<00:27:24.830> distribute<00:27:25.190> more<00:27:25.340> of 00:27:25.420 --> 00:27:25.430 align:start position:0% companies start to distribute more of 00:27:25.430 --> 00:27:28.390 align:start position:0% companies start to distribute more of that<00:27:25.520> power<00:27:25.760> but<00:27:26.120> part<00:27:27.110> of<00:27:27.200> our<00:27:27.500> goal<00:27:28.190> is<00:27:28.370> to 00:27:28.390 --> 00:27:28.400 align:start position:0% that power but part of our goal is to 00:27:28.400 --> 00:27:29.530 align:start position:0% that power but part of our goal is to try<00:27:28.640> and<00:27:28.700> figure<00:27:28.850> out<00:27:29.090> how<00:27:29.210> to<00:27:29.270> delineate 00:27:29.530 --> 00:27:29.540 align:start position:0% try and figure out how to delineate 00:27:29.540 --> 00:27:32.110 align:start position:0% try and figure out how to delineate those<00:27:29.930> things<00:27:30.170> going<00:27:30.380> forward<00:27:31.090> one<00:27:32.090> more 00:27:32.110 --> 00:27:32.120 align:start position:0% those things going forward one more 00:27:32.120 --> 00:27:36.220 align:start position:0% those things going forward one more question<00:27:32.480> if<00:27:32.570> you<00:27:32.630> don't<00:27:32.810> mind<00:27:34.690> do<00:27:35.690> you<00:27:35.780> do<00:27:36.140> you 00:27:36.220 --> 00:27:36.230 align:start position:0% question if you don't mind do you do you 00:27:36.230 --> 00:27:38.230 align:start position:0% question if you don't mind do you do you know<00:27:36.380> if<00:27:36.470> there<00:27:36.620> are<00:27:36.650> any<00:27:36.710> very<00:27:37.700> noticeable<00:27:38.150> or 00:27:38.230 --> 00:27:38.240 align:start position:0% know if there are any very noticeable or 00:27:38.240 --> 00:27:39.970 align:start position:0% know if there are any very noticeable or significant<00:27:38.720> downsides<00:27:39.200> to<00:27:39.500> choosing<00:27:39.890> the 00:27:39.970 --> 00:27:39.980 align:start position:0% significant downsides to choosing the 00:27:39.980 --> 00:27:44.440 align:start position:0% significant downsides to choosing the company<00:27:40.310> route<00:27:40.520> for<00:27:41.000> the<00:27:41.300> cash<00:27:43.060> well<00:27:44.060> I<00:27:44.090> mean<00:27:44.330> I 00:27:44.440 --> 00:27:44.450 align:start position:0% company route for the cash well I mean I 00:27:44.450 --> 00:27:48.010 align:start position:0% company route for the cash well I mean I think<00:27:44.510> the<00:27:45.220> the<00:27:46.220> big<00:27:46.670> downside<00:27:46.910> is<00:27:47.420> really<00:27:47.810> one 00:27:48.010 --> 00:27:48.020 align:start position:0% think the the big downside is really one 00:27:48.020 --> 00:27:51.820 align:start position:0% think the the big downside is really one that's<00:27:48.260> purely<00:27:48.740> of<00:27:49.120> perception<00:27:50.120> I<00:27:50.240> think<00:27:50.830> like 00:27:51.820 --> 00:27:51.830 align:start position:0% that's purely of perception I think like 00:27:51.830 --> 00:27:54.130 align:start position:0% that's purely of perception I think like I<00:27:51.950> I<00:27:52.300> again<00:27:53.300> in<00:27:53.420> my<00:27:53.510> interactions<00:27:53.750> with 00:27:54.130 --> 00:27:54.140 align:start position:0% I I again in my interactions with 00:27:54.140 --> 00:27:57.190 align:start position:0% I I again in my interactions with everyone<00:27:54.470> of<00:27:54.500> the<00:27:54.590> company<00:27:55.090> it<00:27:56.090> there's<00:27:56.930> not<00:27:57.140> a 00:27:57.190 --> 00:27:57.200 align:start position:0% everyone of the company it there's not a 00:27:57.200 --> 00:27:58.930 align:start position:0% everyone of the company it there's not a more<00:27:57.530> I<00:27:57.890> mean<00:27:58.340> the<00:27:58.430> theorem<00:27:58.820> is<00:27:58.880> actually 00:27:58.930 --> 00:27:58.940 align:start position:0% more I mean the theorem is actually 00:27:58.940 --> 00:28:00.760 align:start position:0% more I mean the theorem is actually pretty<00:27:59.270> close<00:27:59.480> but<00:27:59.810> there's<00:28:00.020> not<00:28:00.140> a<00:28:00.170> more<00:28:00.350> open 00:28:00.760 --> 00:28:00.770 align:start position:0% pretty close but there's not a more open 00:28:00.770 --> 00:28:03.850 align:start position:0% pretty close but there's not a more open and<00:28:01.300> welcoming<00:28:02.300> and<00:28:02.600> kind<00:28:03.020> group<00:28:03.350> of<00:28:03.500> people 00:28:03.850 --> 00:28:03.860 align:start position:0% and welcoming and kind group of people 00:28:03.860 --> 00:28:06.520 align:start position:0% and welcoming and kind group of people that<00:28:04.010> are<00:28:04.130> also<00:28:04.280> just<00:28:04.610> wicked<00:28:04.940> smart<00:28:05.210> and<00:28:06.170> that 00:28:06.520 --> 00:28:06.530 align:start position:0% that are also just wicked smart and that 00:28:06.530 --> 00:28:09.850 align:start position:0% that are also just wicked smart and that that<00:28:06.770> is<00:28:06.890> the<00:28:07.010> company<00:28:07.370> but<00:28:07.790> when<00:28:08.780> you<00:28:09.350> have<00:28:09.560> a 00:28:09.850 --> 00:28:09.860 align:start position:0% that is the company but when you have a 00:28:09.860 --> 00:28:12.930 align:start position:0% that is the company but when you have a for-profit<00:28:10.460> entity<00:28:10.700> that<00:28:11.420> is<00:28:11.660> creating<00:28:12.410> a 00:28:12.930 --> 00:28:12.940 align:start position:0% for-profit entity that is creating a 00:28:12.940 --> 00:28:16.120 align:start position:0% for-profit entity that is creating a protocol<00:28:13.940> that<00:28:14.020> they've<00:28:15.020> knowingly<00:28:15.590> want<00:28:15.980> to 00:28:16.120 --> 00:28:16.130 align:start position:0% protocol that they've knowingly want to 00:28:16.130 --> 00:28:18.810 align:start position:0% protocol that they've knowingly want to be<00:28:16.280> decentralized<00:28:17.030> it<00:28:17.300> leads<00:28:17.660> to 00:28:18.810 --> 00:28:18.820 align:start position:0% be decentralized it leads to 00:28:18.820 --> 00:28:22.390 align:start position:0% be decentralized it leads to viewpoints<00:28:19.820> and<00:28:19.910> perspectives<00:28:19.970> that<00:28:20.930> I<00:28:21.410> think 00:28:22.390 --> 00:28:22.400 align:start position:0% viewpoints and perspectives that I think 00:28:22.400 --> 00:28:24.730 align:start position:0% viewpoints and perspectives that I think can<00:28:22.550> be<00:28:22.580> can<00:28:23.030> be<00:28:23.120> difficult<00:28:23.690> to<00:28:23.930> try<00:28:24.230> and<00:28:24.440> argue 00:28:24.730 --> 00:28:24.740 align:start position:0% can be can be difficult to try and argue 00:28:24.740 --> 00:28:27.070 align:start position:0% can be can be difficult to try and argue against<00:28:25.310> because<00:28:25.670> of<00:28:25.700> the<00:28:26.060> kind<00:28:26.660> of<00:28:26.690> crypto 00:28:27.070 --> 00:28:27.080 align:start position:0% against because of the kind of crypto 00:28:27.080 --> 00:28:30.280 align:start position:0% against because of the kind of crypto anarchic<00:28:27.560> roots<00:28:28.070> of<00:28:28.340> all<00:28:29.240> these<00:28:29.780> systems<00:28:30.110> that 00:28:30.280 --> 00:28:30.290 align:start position:0% anarchic roots of all these systems that 00:28:30.290 --> 00:28:32.050 align:start position:0% anarchic roots of all these systems that we're<00:28:30.410> building<00:28:30.560> but<00:28:31.220> my<00:28:31.640> hope<00:28:31.850> is<00:28:32.030> that 00:28:32.050 --> 00:28:32.060 align:start position:0% we're building but my hope is that 00:28:32.060 --> 00:28:33.370 align:start position:0% we're building but my hope is that everything<00:28:32.630> that<00:28:32.750> we're<00:28:32.960> doing<00:28:33.140> on<00:28:33.350> the 00:28:33.370 --> 00:28:33.380 align:start position:0% everything that we're doing on the 00:28:33.380 --> 00:28:36.760 align:start position:0% everything that we're doing on the foundation<00:28:33.890> side<00:28:34.160> will<00:28:34.460> change<00:28:34.970> that<00:28:35.770> thank 00:28:36.760 --> 00:28:36.770 align:start position:0% foundation side will change that thank 00:28:36.770 --> 00:28:41.890 align:start position:0% foundation side will change that thank you<00:28:36.920> yeah<00:28:37.190> thanks<00:28:38.710> cool<00:28:40.570> well<00:28:41.570> I<00:28:41.600> think<00:28:41.720> we've 00:28:41.890 --> 00:28:41.900 align:start position:0% you yeah thanks cool well I think we've 00:28:41.900 --> 00:28:42.760 align:start position:0% you yeah thanks cool well I think we've got 00:28:42.760 --> 00:28:42.770 align:start position:0% got 00:28:42.770 --> 00:28:46.780 align:start position:0% got a<00:28:42.860> minute<00:28:43.340> left<00:28:43.520> and<00:28:43.760> synthetic<00:28:43.910> Oh<00:28:45.680> so<00:28:46.100> how<00:28:46.730> do 00:28:46.780 --> 00:28:46.790 align:start position:0% a minute left and synthetic Oh so how do 00:28:46.790 --> 00:28:51.060 align:start position:0% a minute left and synthetic Oh so how do you<00:28:47.060> manage<00:28:47.570> the<00:28:48.610> conflicting<00:28:49.610> goals<00:28:50.000> of 00:28:51.060 --> 00:28:51.070 align:start position:0% you manage the conflicting goals of 00:28:51.070 --> 00:28:54.490 align:start position:0% you manage the conflicting goals of let's<00:28:52.070> say<00:28:52.310> marketing<00:28:53.240> something<00:28:53.960> versus 00:28:54.490 --> 00:28:54.500 align:start position:0% let's say marketing something versus 00:28:54.500 --> 00:28:56.910 align:start position:0% let's say marketing something versus educating<00:28:55.160> a<00:28:55.250> community<00:28:55.730> like<00:28:56.180> how<00:28:56.450> do<00:28:56.510> you 00:28:56.910 --> 00:28:56.920 align:start position:0% educating a community like how do you 00:28:56.920 --> 00:28:59.290 align:start position:0% educating a community like how do you bridge<00:28:57.920> that<00:28:57.950> gap<00:28:58.370> because<00:28:58.640> I've<00:28:58.910> noticed 00:28:59.290 --> 00:28:59.300 align:start position:0% bridge that gap because I've noticed 00:28:59.300 --> 00:29:01.510 align:start position:0% bridge that gap because I've noticed some<00:28:59.630> cryptocurrencies<00:29:00.200> kind<00:29:00.890> of<00:29:00.980> jumped<00:29:01.310> the 00:29:01.510 --> 00:29:01.520 align:start position:0% some cryptocurrencies kind of jumped the 00:29:01.520 --> 00:29:04.600 align:start position:0% some cryptocurrencies kind of jumped the shark<00:29:02.060> a<00:29:02.270> little<00:29:02.480> bit<00:29:02.770> while<00:29:03.770> some<00:29:04.190> have 00:29:04.600 --> 00:29:04.610 align:start position:0% shark a little bit while some have 00:29:04.610 --> 00:29:06.250 align:start position:0% shark a little bit while some have invested<00:29:05.270> heavily<00:29:05.420> in<00:29:05.690> Community 00:29:06.250 --> 00:29:06.260 align:start position:0% invested heavily in Community 00:29:06.260 --> 00:29:09.340 align:start position:0% invested heavily in Community Development<00:29:06.290> and<00:29:06.920> education<00:29:07.360> yeah<00:29:08.360> so 00:29:09.340 --> 00:29:09.350 align:start position:0% Development and education yeah so 00:29:09.350 --> 00:29:11.380 align:start position:0% Development and education yeah so actually<00:29:09.710> I<00:29:09.770> mean<00:29:09.890> it's<00:29:10.070> it's<00:29:10.520> really<00:29:10.820> it's<00:29:10.940> as 00:29:11.380 --> 00:29:11.390 align:start position:0% actually I mean it's it's really it's as 00:29:11.390 --> 00:29:12.700 align:start position:0% actually I mean it's it's really it's as clear<00:29:11.720> as<00:29:11.840> the<00:29:12.050> way<00:29:12.170> you<00:29:12.200> frame<00:29:12.560> the<00:29:12.680> question 00:29:12.700 --> 00:29:12.710 align:start position:0% clear as the way you frame the question 00:29:12.710 --> 00:29:14.920 align:start position:0% clear as the way you frame the question for<00:29:13.550> the<00:29:13.610> difficulty<00:29:14.090> is<00:29:14.210> deciding<00:29:14.690> what's 00:29:14.920 --> 00:29:14.930 align:start position:0% for the difficulty is deciding what's 00:29:14.930 --> 00:29:16.930 align:start position:0% for the difficulty is deciding what's marketing<00:29:15.440> and<00:29:15.560> what's<00:29:15.680> education<00:29:16.250> really 00:29:16.930 --> 00:29:16.940 align:start position:0% marketing and what's education really 00:29:16.940 --> 00:29:18.490 align:start position:0% marketing and what's education really that's<00:29:17.390> that's<00:29:17.540> ultimately<00:29:17.780> what<00:29:18.080> it<00:29:18.140> is<00:29:18.260> and 00:29:18.490 --> 00:29:18.500 align:start position:0% that's that's ultimately what it is and 00:29:18.500 --> 00:29:20.140 align:start position:0% that's that's ultimately what it is and and<00:29:18.710> and<00:29:18.950> really<00:29:19.460> what<00:29:19.730> will<00:29:19.880> wind<00:29:20.030> up 00:29:20.140 --> 00:29:20.150 align:start position:0% and and really what will wind up 00:29:20.150 --> 00:29:22.780 align:start position:0% and and really what will wind up happening<00:29:20.480> is<00:29:20.660> right<00:29:21.590> now<00:29:21.800> there's<00:29:22.700> very 00:29:22.780 --> 00:29:22.790 align:start position:0% happening is right now there's very 00:29:22.790 --> 00:29:24.490 align:start position:0% happening is right now there's very little<00:29:23.210> interaction<00:29:23.480> between<00:29:23.900> the<00:29:24.140> company 00:29:24.490 --> 00:29:24.500 align:start position:0% little interaction between the company 00:29:24.500 --> 00:29:25.950 align:start position:0% little interaction between the company and<00:29:24.740> the<00:29:24.920> foundation<00:29:25.430> but<00:29:25.670> there's 00:29:25.950 --> 00:29:25.960 align:start position:0% and the foundation but there's 00:29:25.960 --> 00:29:28.180 align:start position:0% and the foundation but there's occasionally<00:29:26.960> something<00:29:27.380> comes<00:29:27.620> up<00:29:27.830> that 00:29:28.180 --> 00:29:28.190 align:start position:0% occasionally something comes up that 00:29:28.190 --> 00:29:29.740 align:start position:0% occasionally something comes up that says<00:29:28.250> oh<00:29:28.580> there's<00:29:28.850> this<00:29:28.970> opportunity<00:29:29.540> to 00:29:29.740 --> 00:29:29.750 align:start position:0% says oh there's this opportunity to 00:29:29.750 --> 00:29:31.840 align:start position:0% says oh there's this opportunity to engage<00:29:29.900> with<00:29:30.350> this<00:29:30.650> company<00:29:31.100> on<00:29:31.310> on<00:29:31.610> this 00:29:31.840 --> 00:29:31.850 align:start position:0% engage with this company on on this 00:29:31.850 --> 00:29:34.870 align:start position:0% engage with this company on on this thing<00:29:32.150> and<00:29:32.330> effectively<00:29:33.260> it's<00:29:33.470> up<00:29:33.620> to<00:29:33.860> my<00:29:34.730> you 00:29:34.870 --> 00:29:34.880 align:start position:0% thing and effectively it's up to my you 00:29:34.880 --> 00:29:37.150 align:start position:0% thing and effectively it's up to my you know<00:29:34.970> the<00:29:35.060> Foundation<00:29:35.480> Board<00:29:35.810> a<00:29:36.350> five-person 00:29:37.150 --> 00:29:37.160 align:start position:0% know the Foundation Board a five-person 00:29:37.160 --> 00:29:40.420 align:start position:0% know the Foundation Board a five-person board<00:29:37.360> and<00:29:38.360> amede<00:29:39.080> as<00:29:39.860> the<00:29:40.040> executive 00:29:40.420 --> 00:29:40.430 align:start position:0% board and amede as the executive 00:29:40.430 --> 00:29:42.790 align:start position:0% board and amede as the executive director<00:29:41.080> representing<00:29:42.080> the<00:29:42.170> board<00:29:42.410> to 00:29:42.790 --> 00:29:42.800 align:start position:0% director representing the board to 00:29:42.800 --> 00:29:45.010 align:start position:0% director representing the board to decide<00:29:43.100> whether<00:29:43.550> that<00:29:43.940> falls<00:29:44.390> in<00:29:44.750> line<00:29:44.960> with 00:29:45.010 --> 00:29:45.020 align:start position:0% decide whether that falls in line with 00:29:45.020 --> 00:29:47.710 align:start position:0% decide whether that falls in line with our<00:29:45.320> mission<00:29:45.950> to<00:29:46.130> actually<00:29:46.580> educate<00:29:46.730> or<00:29:47.450> if 00:29:47.710 --> 00:29:47.720 align:start position:0% our mission to actually educate or if 00:29:47.720 --> 00:29:50.890 align:start position:0% our mission to actually educate or if it's<00:29:47.900> just<00:29:48.230> you<00:29:49.100> know<00:29:49.190> marketing<00:29:49.790> or<00:29:50.390> business 00:29:50.890 --> 00:29:50.900 align:start position:0% it's just you know marketing or business 00:29:50.900 --> 00:29:53.800 align:start position:0% it's just you know marketing or business development<00:29:51.710> and<00:29:52.430> so<00:29:52.640> if<00:29:52.910> we<00:29:53.090> if<00:29:53.390> we<00:29:53.450> basically 00:29:53.800 --> 00:29:53.810 align:start position:0% development and so if we if we basically 00:29:53.810 --> 00:29:56.080 align:start position:0% development and so if we if we basically disagree<00:29:54.350> on<00:29:54.380> approach<00:29:54.800> then<00:29:55.340> the<00:29:55.790> company 00:29:56.080 --> 00:29:56.090 align:start position:0% disagree on approach then the company 00:29:56.090 --> 00:29:57.610 align:start position:0% disagree on approach then the company can<00:29:56.240> do<00:29:56.390> what<00:29:56.600> they<00:29:56.690> independently<00:29:57.200> want<00:29:57.470> and 00:29:57.610 --> 00:29:57.620 align:start position:0% can do what they independently want and 00:29:57.620 --> 00:30:00.610 align:start position:0% can do what they independently want and similarly<00:29:58.370> if<00:29:58.580> if<00:29:59.240> the<00:29:59.810> company<00:30:00.170> disagrees 00:30:00.610 --> 00:30:00.620 align:start position:0% similarly if if the company disagrees 00:30:00.620 --> 00:30:01.870 align:start position:0% similarly if if the company disagrees with<00:30:00.650> our<00:30:00.860> approach<00:30:01.220> on<00:30:01.400> a<00:30:01.460> particular 00:30:01.870 --> 00:30:01.880 align:start position:0% with our approach on a particular 00:30:01.880 --> 00:30:03.850 align:start position:0% with our approach on a particular partnership<00:30:02.240> like<00:30:02.780> that's<00:30:03.200> fine<00:30:03.440> but<00:30:03.500> we're 00:30:03.850 --> 00:30:03.860 align:start position:0% partnership like that's fine but we're 00:30:03.860 --> 00:30:08.800 align:start position:0% partnership like that's fine but we're gonna<00:30:03.950> go<00:30:04.220> our<00:30:04.400> way<00:30:07.240> cool<00:30:08.240> all<00:30:08.600> right 00:30:08.800 --> 00:30:08.810 align:start position:0% gonna go our way cool all right 00:30:08.810 --> 00:30:11.110 align:start position:0% gonna go our way cool all right and<00:30:08.990> I'm<00:30:09.500> done<00:30:09.650> thank<00:30:10.130> you<00:30:10.220> all<00:30:10.430> very<00:30:10.460> much 00:30:11.110 --> 00:30:11.120 align:start position:0% and I'm done thank you all very much 00:30:11.120 --> 00:30:12.010 align:start position:0% and I'm done thank you all very much really<00:30:11.330> appreciate<00:30:11.450> your<00:30:11.720> time 00:30:12.010 --> 00:30:12.020 align:start position:0% really appreciate your time 00:30:12.020 --> 00:30:15.580 align:start position:0% really appreciate your time Thanks 00:30:15.580 --> 00:30:15.590 align:start position:0% 00:30:15.590 --> 00:30:24.590 align:start position:0% you 00:30:24.590 --> 00:30:24.600 align:start position:0% 00:30:24.600 --> 00:30:26.660 align:start position:0% you