WEBVTT Kind: captions Language: en 00:00:15.199 --> 00:00:18.320 align:start position:0% so<00:00:16.199> today<00:00:17.070> I'm<00:00:17.160> going<00:00:17.250> to<00:00:17.310> be<00:00:17.820> presenting<00:00:18.029> on 00:00:18.320 --> 00:00:18.330 align:start position:0% so today I'm going to be presenting on 00:00:18.330 --> 00:00:20.450 align:start position:0% so today I'm going to be presenting on two<00:00:18.930> projects<00:00:19.380> I'm<00:00:19.770> going<00:00:19.949> to<00:00:20.010> try<00:00:20.220> and<00:00:20.250> get 00:00:20.450 --> 00:00:20.460 align:start position:0% two projects I'm going to try and get 00:00:20.460 --> 00:00:23.240 align:start position:0% two projects I'm going to try and get this<00:00:20.640> done<00:00:20.880> in<00:00:21.240> 15<00:00:21.600> minutes<00:00:21.869> so<00:00:22.199> it's<00:00:22.350> a<00:00:22.410> lot<00:00:22.619> so 00:00:23.240 --> 00:00:23.250 align:start position:0% this done in 15 minutes so it's a lot so 00:00:23.250 --> 00:00:26.839 align:start position:0% this done in 15 minutes so it's a lot so bear<00:00:23.519> with<00:00:23.550> me<00:00:24.949> it's<00:00:25.949> going<00:00:26.189> to<00:00:26.279> be<00:00:26.369> wave<00:00:26.609> fund 00:00:26.839 --> 00:00:26.849 align:start position:0% bear with me it's going to be wave fund 00:00:26.849 --> 00:00:28.640 align:start position:0% bear with me it's going to be wave fund which<00:00:27.300> is<00:00:27.480> crowdfunding<00:00:27.810> centralized 00:00:28.640 --> 00:00:28.650 align:start position:0% which is crowdfunding centralized 00:00:28.650 --> 00:00:30.380 align:start position:0% which is crowdfunding centralized crowdfunding<00:00:29.189> and<00:00:29.279> it's<00:00:29.789> going<00:00:29.970> to<00:00:30.060> be<00:00:30.150> board 00:00:30.380 --> 00:00:30.390 align:start position:0% crowdfunding and it's going to be board 00:00:30.390 --> 00:00:32.319 align:start position:0% crowdfunding and it's going to be board room<00:00:30.570> which<00:00:31.050> is<00:00:31.080> decentralized<00:00:31.590> governance 00:00:32.319 --> 00:00:32.329 align:start position:0% room which is decentralized governance 00:00:32.329 --> 00:00:37.310 align:start position:0% room which is decentralized governance so<00:00:33.890> what<00:00:34.890> is<00:00:35.010> wave<00:00:35.190> fund<00:00:35.430> so<00:00:36.120> wave<00:00:36.390> fund<00:00:36.660> I<00:00:36.989> can 00:00:37.310 --> 00:00:37.320 align:start position:0% so what is wave fund so wave fund I can 00:00:37.320 --> 00:00:38.660 align:start position:0% so what is wave fund so wave fund I can break<00:00:37.440> it<00:00:37.590> down<00:00:37.649> into<00:00:37.890> two<00:00:38.100> things<00:00:38.370> really 00:00:38.660 --> 00:00:38.670 align:start position:0% break it down into two things really 00:00:38.670 --> 00:00:41.060 align:start position:0% break it down into two things really simply<00:00:39.180> crowdfunding<00:00:40.170> and<00:00:40.290> it's<00:00:40.649> digital 00:00:41.060 --> 00:00:41.070 align:start position:0% simply crowdfunding and it's digital 00:00:41.070 --> 00:00:43.700 align:start position:0% simply crowdfunding and it's digital asset<00:00:41.579> issuance<00:00:42.090> and<00:00:42.239> it's<00:00:42.750> all<00:00:43.020> done<00:00:43.379> on<00:00:43.649> a 00:00:43.700 --> 00:00:43.710 align:start position:0% asset issuance and it's all done on a 00:00:43.710 --> 00:00:47.000 align:start position:0% asset issuance and it's all done on a theorem<00:00:44.300> so<00:00:45.320> when<00:00:46.320> we<00:00:46.410> think<00:00:46.440> about<00:00:46.620> digital 00:00:47.000 --> 00:00:47.010 align:start position:0% theorem so when we think about digital 00:00:47.010 --> 00:00:50.119 align:start position:0% theorem so when we think about digital assets<00:00:47.489> we<00:00:47.820> can<00:00:47.969> think<00:00:48.059> about<00:00:48.200> equity<00:00:49.200> rebates 00:00:50.119 --> 00:00:50.129 align:start position:0% assets we can think about equity rebates 00:00:50.129 --> 00:00:52.750 align:start position:0% assets we can think about equity rebates financial<00:00:50.940> instruments<00:00:51.480> loyalty<00:00:52.079> points 00:00:52.750 --> 00:00:52.760 align:start position:0% financial instruments loyalty points 00:00:52.760 --> 00:00:59.209 align:start position:0% financial instruments loyalty points discounts<00:00:53.760> products<00:00:54.360> coupons<00:00:54.920> and<00:00:57.410> it<00:00:58.410> feels 00:00:59.209 --> 00:00:59.219 align:start position:0% discounts products coupons and it feels 00:00:59.219 --> 00:01:02.450 align:start position:0% discounts products coupons and it feels a<00:00:59.430> lot<00:00:59.730> like<00:01:00.180> Kickstarter<00:01:00.930> and<00:01:01.079> I'm<00:01:01.770> sure<00:01:02.160> a 00:01:02.450 --> 00:01:02.460 align:start position:0% a lot like Kickstarter and I'm sure a 00:01:02.460 --> 00:01:03.889 align:start position:0% a lot like Kickstarter and I'm sure a lot<00:01:02.609> of<00:01:02.670> you<00:01:02.850> have<00:01:02.940> used<00:01:03.090> kickstarter<00:01:03.359> you've 00:01:03.889 --> 00:01:03.899 align:start position:0% lot of you have used kickstarter you've 00:01:03.899 --> 00:01:06.140 align:start position:0% lot of you have used kickstarter you've used<00:01:04.080> things<00:01:04.350> like<00:01:04.439> that<00:01:04.799> wave<00:01:05.760> fund<00:01:06.000> is 00:01:06.140 --> 00:01:06.150 align:start position:0% used things like that wave fund is 00:01:06.150 --> 00:01:08.210 align:start position:0% used things like that wave fund is designed<00:01:06.299> to<00:01:06.630> feel<00:01:06.900> like<00:01:07.110> that<00:01:07.350> but<00:01:07.979> it<00:01:08.070> runs 00:01:08.210 --> 00:01:08.220 align:start position:0% designed to feel like that but it runs 00:01:08.220 --> 00:01:10.550 align:start position:0% designed to feel like that but it runs completely<00:01:08.760> on<00:01:09.000> smart<00:01:09.420> contracts<00:01:09.990> at<00:01:10.229> a 00:01:10.550 --> 00:01:10.560 align:start position:0% completely on smart contracts at a 00:01:10.560 --> 00:01:13.219 align:start position:0% completely on smart contracts at a fraction<00:01:10.920> of<00:01:11.159> the<00:01:11.310> cost<00:01:11.340> and<00:01:11.880> can<00:01:12.150> do<00:01:12.390> a<00:01:12.600> lot 00:01:13.219 --> 00:01:13.229 align:start position:0% fraction of the cost and can do a lot 00:01:13.229 --> 00:01:18.890 align:start position:0% fraction of the cost and can do a lot more<00:01:14.030> so<00:01:15.030> this<00:01:15.930> is<00:01:16.110> the<00:01:16.380> wave<00:01:17.250> fund<00:01:17.900> version 00:01:18.890 --> 00:01:18.900 align:start position:0% more so this is the wave fund version 00:01:18.900 --> 00:01:21.440 align:start position:0% more so this is the wave fund version one<00:01:19.110> kind<00:01:19.619> of<00:01:19.650> discovery<00:01:20.189> interface<00:01:20.580> so<00:01:21.360> this 00:01:21.440 --> 00:01:21.450 align:start position:0% one kind of discovery interface so this 00:01:21.450 --> 00:01:22.490 align:start position:0% one kind of discovery interface so this is<00:01:21.479> the<00:01:21.600> interface<00:01:21.840> you're<00:01:22.110> going<00:01:22.229> to<00:01:22.290> see 00:01:22.490 --> 00:01:22.500 align:start position:0% is the interface you're going to see 00:01:22.500 --> 00:01:23.929 align:start position:0% is the interface you're going to see when<00:01:22.740> you're<00:01:22.890> you<00:01:23.310> know<00:01:23.340> looking<00:01:23.759> through 00:01:23.929 --> 00:01:23.939 align:start position:0% when you're you know looking through 00:01:23.939 --> 00:01:25.370 align:start position:0% when you're you know looking through campaigns<00:01:24.390> trying<00:01:24.869> to<00:01:24.930> figure<00:01:25.110> out<00:01:25.229> what<00:01:25.350> you 00:01:25.370 --> 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here this is a the interface 00:01:33.840 --> 00:01:36.410 align:start position:0% you can see here this is a the interface to<00:01:34.140> actually<00:01:34.560> donate<00:01:35.009> to<00:01:35.220> a<00:01:35.250> campaign<00:01:35.700> so<00:01:36.329> you 00:01:36.410 --> 00:01:36.420 align:start position:0% to actually donate to a campaign so you 00:01:36.420 --> 00:01:37.850 align:start position:0% to actually donate to a campaign so you can<00:01:36.570> see<00:01:36.810> there's<00:01:37.320> some<00:01:37.409> critical 00:01:37.850 --> 00:01:37.860 align:start position:0% can see there's some critical 00:01:37.860 --> 00:01:39.770 align:start position:0% can see there's some critical differences<00:01:38.280> the<00:01:38.700> funds<00:01:38.970> are<00:01:39.150> in<00:01:39.270> ether<00:01:39.570> and 00:01:39.770 --> 00:01:39.780 align:start position:0% differences the funds are in ether and 00:01:39.780 --> 00:01:41.749 align:start position:0% differences the funds are in ether and as<00:01:40.229> well<00:01:40.439> we<00:01:40.680> have<00:01:40.920> at<00:01:41.220> the<00:01:41.340> bottom<00:01:41.610> their 00:01:41.749 --> 00:01:41.759 align:start position:0% as well we have at the bottom their 00:01:41.759 --> 00:01:44.719 align:start position:0% as well we have at the bottom their tokens<00:01:42.240> issued<00:01:42.570> so<00:01:43.229> when<00:01:43.890> people<00:01:44.040> contribute 00:01:44.719 --> 00:01:44.729 align:start position:0% tokens issued so when people contribute 00:01:44.729 --> 00:01:46.960 align:start position:0% tokens issued so when people contribute you<00:01:44.939> can<00:01:44.970> do<00:01:45.149> this<00:01:45.270> really<00:01:45.540> cool<00:01:45.810> thing<00:01:46.200> where 00:01:46.960 --> 00:01:46.970 align:start position:0% you can do this really cool thing where 00:01:46.970 --> 00:01:50.240 align:start position:0% you can do this really cool thing where you'll<00:01:47.970> get<00:01:48.180> secure<00:01:48.750> issuance<00:01:49.259> of<00:01:49.560> tokens 00:01:50.240 --> 00:01:50.250 align:start position:0% you'll get secure issuance of tokens 00:01:50.250 --> 00:01:52.850 align:start position:0% you'll get secure issuance of tokens back<00:01:50.759> to<00:01:51.180> the<00:01:51.299> person<00:01:51.600> who<00:01:51.689> contributed<00:01:52.170> so 00:01:52.850 --> 00:01:52.860 align:start position:0% back to the person who contributed so 00:01:52.860 --> 00:01:54.679 align:start position:0% back to the person who contributed so this<00:01:53.280> this<00:01:53.610> creates<00:01:54.000> a<00:01:54.270> very<00:01:54.540> very 00:01:54.679 --> 00:01:54.689 align:start position:0% this this creates a very very 00:01:54.689 --> 00:01:57.830 align:start position:0% this this creates a very very interesting<00:01:54.990> system<00:01:55.969> so<00:01:56.969> what<00:01:57.719> is<00:01:57.810> it 00:01:57.830 --> 00:01:57.840 align:start position:0% interesting system so what is it 00:01:57.840 --> 00:02:00.740 align:start position:0% interesting system so what is it technically<00:01:58.380> it's<00:01:58.770> the<00:01:59.310> most<00:01:59.520> simple<00:02:00.240> Diab 00:02:00.740 --> 00:02:00.750 align:start position:0% technically it's the most simple Diab 00:02:00.750 --> 00:02:03.920 align:start position:0% technically it's the most simple Diab design<00:02:01.200> there<00:02:01.979> is<00:02:02.159> it's<00:02:02.700> one<00:02:02.850> smart<00:02:03.420> contract 00:02:03.920 --> 00:02:03.930 align:start position:0% design there is it's one smart contract 00:02:03.930 --> 00:02:09.050 align:start position:0% design there is it's one smart contract and<00:02:04.170> one<00:02:04.560> UI<00:02:05.090> and<00:02:06.740> I<00:02:07.740> like<00:02:08.489> to<00:02:08.610> think<00:02:08.700> of<00:02:08.819> it<00:02:08.910> as 00:02:09.050 --> 00:02:09.060 align:start position:0% and one UI and I like to think of it as 00:02:09.060 --> 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to this<00:02:19.930> is<00:02:20.170> I<00:02:20.350> like<00:02:20.530> to<00:02:20.560> see<00:02:20.800> it<00:02:20.890> as<00:02:20.980> rebuilding 00:02:21.240 --> 00:02:21.250 align:start position:0% this is I like to see it as rebuilding 00:02:21.250 --> 00:02:24.750 align:start position:0% this is I like to see it as rebuilding the<00:02:21.760> one-to-one<00:02:22.740> relationship<00:02:23.740> so<00:02:24.610> there's 00:02:24.750 --> 00:02:24.760 align:start position:0% the one-to-one relationship so there's 00:02:24.760 --> 00:02:27.060 align:start position:0% the one-to-one relationship so there's no<00:02:24.880> VC<00:02:25.330> firms<00:02:25.690> there's<00:02:26.050> no<00:02:26.200> lawyers<00:02:26.650> there's 00:02:27.060 --> 00:02:27.070 align:start position:0% no VC firms there's no lawyers there's 00:02:27.070 --> 00:02:29.070 align:start position:0% no VC firms there's no lawyers there's no<00:02:27.220> management<00:02:27.880> there's<00:02:28.420> no<00:02:28.600> middlemen 00:02:29.070 --> 00:02:29.080 align:start position:0% no management there's no middlemen 00:02:29.080 --> 00:02:31.530 align:start position:0% no management there's no middlemen there's<00:02:29.800> no<00:02:29.950> payment<00:02:30.310> processors<00:02:30.910> no<00:02:31.120> banks 00:02:31.530 --> 00:02:31.540 align:start position:0% there's no payment processors no banks 00:02:31.540 --> 00:02:34.200 align:start position:0% there's no payment processors no banks and<00:02:31.720> there's<00:02:32.470> a<00:02:32.560> lot<00:02:32.830> less<00:02:33.160> transactions<00:02:33.910> it 00:02:34.200 --> 00:02:34.210 align:start position:0% and there's a lot less transactions it 00:02:34.210 --> 00:02:38.930 align:start position:0% and there's a lot less transactions it is<00:02:34.900> between<00:02:35.260> the<00:02:35.800> investor<00:02:36.400> and<00:02:36.550> the<00:02:36.940> company 00:02:38.930 --> 00:02:38.940 align:start position:0% is between the investor and the company 00:02:38.940 --> 00:02:43.410 align:start position:0% is between the investor and the company just<00:02:39.940> you<00:02:40.150> and<00:02:40.270> your<00:02:40.360> money<00:02:40.510> and<00:02:42.300> when<00:02:43.300> we 00:02:43.410 --> 00:02:43.420 align:start position:0% just you and your money and when we 00:02:43.420 --> 00:02:47.130 align:start position:0% just you and your money and when we think<00:02:43.570> about<00:02:44.340> so<00:02:45.480> investors<00:02:46.480> are<00:02:46.720> now<00:02:46.840> instead 00:02:47.130 --> 00:02:47.140 align:start position:0% think about so investors are now instead 00:02:47.140 --> 00:02:48.570 align:start position:0% think about so investors are now instead of<00:02:47.200> eyes<00:02:47.380> to<00:02:47.410> use<00:02:47.800> them<00:02:47.950> promote<00:02:48.220> the<00:02:48.340> product 00:02:48.570 --> 00:02:48.580 align:start position:0% of eyes to use them promote the product 00:02:48.580 --> 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position:0% you're now incentivized to say okay I'm going<00:02:58.930> to<00:02:58.990> go<00:02:59.140> out<00:02:59.170> and<00:02:59.320> I'm<00:02:59.560> going<00:02:59.710> to 00:02:59.730 --> 00:02:59.740 align:start position:0% going to go out and I'm going to 00:02:59.740 --> 00:03:01.410 align:start position:0% going to go out and I'm going to actually<00:02:59.920> use<00:03:00.310> them<00:03:00.550> I'm<00:03:00.760> going<00:03:00.910> to<00:03:00.970> sell<00:03:01.210> them 00:03:01.410 --> 00:03:01.420 align:start position:0% actually use them I'm going to sell them 00:03:01.420 --> 00:03:03.720 align:start position:0% actually use them I'm going to sell them I'm<00:03:01.570> going<00:03:01.690> to<00:03:01.750> promote<00:03:02.080> them<00:03:02.340> this<00:03:03.340> changes 00:03:03.720 --> 00:03:03.730 align:start position:0% I'm going to promote them this changes 00:03:03.730 --> 00:03:06.000 align:start position:0% I'm going to promote them this changes the<00:03:03.790> dynamic<00:03:04.330> for<00:03:04.750> your<00:03:05.020> investors<00:03:05.530> and<00:03:05.740> for 00:03:06.000 --> 00:03:06.010 align:start position:0% the dynamic for your investors and for 00:03:06.010 --> 00:03:09.510 align:start position:0% the dynamic for your investors and for your<00:03:06.100> customers<00:03:06.960> so<00:03:07.960> an<00:03:08.380> example<00:03:08.830> that<00:03:09.190> I<00:03:09.340> like 00:03:09.510 --> 00:03:09.520 align:start position:0% your customers so an example that I like 00:03:09.520 --> 00:03:12.210 align:start position:0% your customers so an example that I like to<00:03:09.670> bring<00:03:09.820> up<00:03:10.000> is<00:03:10.180> the<00:03:11.080> coffee<00:03:11.410> shop<00:03:11.560> example 00:03:12.210 --> 00:03:12.220 align:start position:0% to bring up is the coffee shop example 00:03:12.220 --> 00:03:15.090 align:start position:0% to bring up is the coffee shop example so<00:03:13.060> imagine<00:03:13.660> you<00:03:14.110> kind<00:03:14.320> of<00:03:14.350> walk<00:03:14.770> down<00:03:14.980> the 00:03:15.090 --> 00:03:15.100 align:start position:0% so imagine you kind of walk down the 00:03:15.100 --> 00:03:17.340 align:start position:0% so imagine you kind of walk down the street<00:03:15.370> and<00:03:15.660> there's<00:03:16.660> a<00:03:16.720> coffee<00:03:16.900> shop<00:03:17.050> you 00:03:17.340 --> 00:03:17.350 align:start position:0% street and there's a coffee shop you 00:03:17.350 --> 00:03:18.600 align:start position:0% street and there's a coffee shop you really<00:03:17.560> like<00:03:17.770> and<00:03:18.010> they're<00:03:18.220> trying<00:03:18.430> to<00:03:18.490> raise 00:03:18.600 --> 00:03:18.610 align:start position:0% really like and they're trying to raise 00:03:18.610 --> 00:03:21.180 align:start position:0% really like and they're trying to raise some<00:03:18.640> money<00:03:18.940> so<00:03:19.920> with<00:03:20.920> a<00:03:20.950> conventional 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particularly decentralized crowdfunding<00:03:28.270> the<00:03:28.780> relationship<00:03:29.350> changes 00:03:29.760 --> 00:03:29.770 align:start position:0% crowdfunding the relationship changes 00:03:29.770 --> 00:03:33.120 align:start position:0% crowdfunding the relationship changes you<00:03:30.610> walk<00:03:30.760> into<00:03:30.970> the<00:03:31.120> coffee<00:03:31.360> shop<00:03:31.510> and<00:03:32.130> you 00:03:33.120 --> 00:03:33.130 align:start position:0% you walk into the coffee shop and you 00:03:33.130 --> 00:03:34.860 align:start position:0% you walk into the coffee shop and you say<00:03:33.280> okay<00:03:33.550> you<00:03:33.940> know<00:03:34.270> I've<00:03:34.360> donated<00:03:34.630> to<00:03:34.780> your 00:03:34.860 --> 00:03:34.870 align:start position:0% say okay you know I've donated to your 00:03:34.870 --> 00:03:38.730 align:start position:0% say okay you know I've donated to your campaign<00:03:35.290> I<00:03:35.560> have<00:03:36.280> verifiable<00:03:36.940> evidence<00:03:37.930> it's 00:03:38.730 --> 00:03:38.740 align:start position:0% campaign I have verifiable evidence it's 00:03:38.740 --> 00:03:40.230 align:start position:0% campaign I have verifiable evidence it's written<00:03:38.980> into<00:03:39.160> the<00:03:39.190> blockchain<00:03:39.490> that<00:03:40.090> not 00:03:40.230 --> 00:03:40.240 align:start position:0% written into the blockchain that not 00:03:40.240 --> 00:03:42.300 align:start position:0% written into the blockchain that not only<00:03:40.420> my<00:03:40.720> contributor<00:03:41.320> but<00:03:41.800> I<00:03:41.830> have<00:03:41.980> so<00:03:42.190> many 00:03:42.300 --> 00:03:42.310 align:start position:0% only my contributor but I have so many 00:03:42.310 --> 00:03:45.450 align:start position:0% only my contributor but I have so many shares<00:03:42.700> of<00:03:43.030> this<00:03:43.600> coffee<00:03:43.870> shop<00:03:44.070> now<00:03:45.070> all<00:03:45.280> of<00:03:45.310> a 00:03:45.450 --> 00:03:45.460 align:start position:0% shares of this coffee shop now all of a 00:03:45.460 --> 00:03:47.520 align:start position:0% shares of this coffee shop now all of a sudden<00:03:45.790> the<00:03:46.480> relationships<00:03:47.140> taken<00:03:47.470> a 00:03:47.520 --> 00:03:47.530 align:start position:0% sudden the relationships taken a 00:03:47.530 --> 00:03:50.220 align:start position:0% sudden the relationships taken a completely<00:03:48.040> different<00:03:48.340> turn<00:03:48.910> this<00:03:49.810> may<00:03:50.020> mean 00:03:50.220 --> 00:03:50.230 align:start position:0% completely different turn this may mean 00:03:50.230 --> 00:03:53.280 align:start position:0% completely different turn this may mean I<00:03:50.560> can<00:03:51.250> make<00:03:51.940> decisions<00:03:52.540> in<00:03:52.750> this<00:03:52.840> coffee<00:03:53.140> shop 00:03:53.280 --> 00:03:53.290 align:start position:0% I can make decisions in this coffee shop 00:03:53.290 --> 00:03:56.010 align:start position:0% I can make decisions in this coffee shop I<00:03:53.710> can<00:03:53.770> maybe<00:03:54.430> maybe<00:03:55.030> next<00:03:55.330> month<00:03:55.570> I<00:03:55.720> decide 00:03:56.010 --> 00:03:56.020 align:start position:0% I can maybe maybe next month I decide 00:03:56.020 --> 00:03:57.350 align:start position:0% I can maybe maybe next month I decide what<00:03:56.230> coffee<00:03:56.500> they're<00:03:56.770> going<00:03:56.890> to<00:03:56.950> bring<00:03:57.130> in 00:03:57.350 --> 00:03:57.360 align:start position:0% what coffee they're going to bring in 00:03:57.360 --> 00:04:00.030 align:start position:0% what coffee they're going to bring in now<00:03:58.360> I'm<00:03:58.540> also<00:03:58.750> invested<00:03:59.410> in<00:03:59.530> whether<00:03:59.740> they<00:03:59.980> do 00:04:00.030 --> 00:04:00.040 align:start position:0% now I'm also invested in whether they do 00:04:00.040 --> 00:04:02.700 align:start position:0% now I'm also invested in whether they do well<00:04:00.400> or<00:04:00.730> they<00:04:00.850> don't<00:04:01.060> so<00:04:01.810> I'm<00:04:02.260> going<00:04:02.440> to<00:04:02.470> start 00:04:02.700 --> 00:04:02.710 align:start position:0% well or they don't so I'm going to start 00:04:02.710 --> 00:04:04.530 align:start position:0% well or they don't so I'm going to start promoting<00:04:02.890> their<00:04:03.280> business<00:04:03.640> and<00:04:03.820> creating<00:04:04.480> a 00:04:04.530 --> 00:04:04.540 align:start position:0% promoting their business and creating a 00:04:04.540 --> 00:04:07.980 align:start position:0% promoting their business and creating a really<00:04:05.020> sort<00:04:05.470> of<00:04:05.560> dynamic<00:04:06.250> relationship<00:04:07.180> this 00:04:07.980 --> 00:04:07.990 align:start position:0% really sort of dynamic relationship this 00:04:07.990 --> 00:04:11.150 align:start position:0% really sort of dynamic relationship this is<00:04:08.110> something<00:04:08.380> we<00:04:08.470> just<00:04:08.680> haven't<00:04:09.220> had<00:04:09.310> before 00:04:11.150 --> 00:04:11.160 align:start position:0% is something we just haven't had before 00:04:11.160 --> 00:04:15.300 align:start position:0% is something we just haven't had before so<00:04:12.450> it's<00:04:13.450> not<00:04:13.720> bc<00:04:13.990> it's<00:04:14.350> not<00:04:14.530> venture<00:04:14.890> capital 00:04:15.300 --> 00:04:15.310 align:start position:0% so it's not bc it's not venture capital 00:04:15.310 --> 00:04:18.720 align:start position:0% so it's not bc it's not venture capital it<00:04:15.550> catalyzes<00:04:16.060> your<00:04:16.900> user<00:04:17.140> base<00:04:17.290> and<00:04:17.739> this<00:04:18.580> is 00:04:18.720 --> 00:04:18.730 align:start position:0% it catalyzes your user base and this is 00:04:18.730 --> 00:04:20.789 align:start position:0% it catalyzes your user base and this is something<00:04:18.880> that's<00:04:19.540> kind<00:04:20.200> of<00:04:20.229> related<00:04:20.500> to 00:04:20.789 --> 00:04:20.799 align:start position:0% something that's kind of related to 00:04:20.799 --> 00:04:22.629 align:start position:0% something that's kind of related to equity<00:04:21.549> crowdfunding<00:04:21.760> in<00:04:22.180> general 00:04:22.629 --> 00:04:22.639 align:start position:0% equity crowdfunding in general 00:04:22.639 --> 00:04:25.149 align:start position:0% equity crowdfunding in general but<00:04:23.270> with<00:04:23.719> a<00:04:23.749> theorem<00:04:24.169> it<00:04:24.289> really<00:04:24.560> does<00:04:24.710> take<00:04:24.979> a 00:04:25.149 --> 00:04:25.159 align:start position:0% but with a theorem it really does take a 00:04:25.159 --> 00:04:28.689 align:start position:0% but with a theorem it really does take a different<00:04:25.370> turn<00:04:25.990> so<00:04:26.990> we<00:04:27.949> own<00:04:28.099> the<00:04:28.280> shares<00:04:28.490> of 00:04:28.689 --> 00:04:28.699 align:start position:0% different turn so we own the shares of 00:04:28.699 --> 00:04:30.610 align:start position:0% different turn so we own the shares of what<00:04:28.999> we<00:04:29.150> use<00:04:29.419> and<00:04:29.659> this<00:04:29.870> is<00:04:30.080> just<00:04:30.199> coming<00:04:30.439> back 00:04:30.610 --> 00:04:30.620 align:start position:0% what we use and this is just coming back 00:04:30.620 --> 00:04:33.730 align:start position:0% what we use and this is just coming back to<00:04:30.800> that<00:04:30.949> one<00:04:31.219> idea<00:04:31.749> and<00:04:32.749> this<00:04:33.229> means<00:04:33.499> more 00:04:33.730 --> 00:04:33.740 align:start position:0% to that one idea and this means more 00:04:33.740 --> 00:04:35.800 align:start position:0% to that one idea and this means more power<00:04:33.979> for<00:04:34.639> the<00:04:34.759> everyday<00:04:34.969> consumer<00:04:35.629> and<00:04:35.779> the 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align:start position:0% various roles and businesses by everyday people<00:04:47.330> and<00:04:47.599> it's<00:04:47.779> going<00:04:47.930> to<00:04:48.020> happen<00:04:48.169> at<00:04:48.560> an 00:04:49.420 --> 00:04:49.430 align:start position:0% people and it's going to happen at an 00:04:49.430 --> 00:04:53.320 align:start position:0% people and it's going to happen at an alarmingly<00:04:50.240> fast<00:04:50.569> rate<00:04:50.960> and<00:04:51.999> it<00:04:52.999> all<00:04:53.120> comes 00:04:53.320 --> 00:04:53.330 align:start position:0% alarmingly fast rate and it all comes 00:04:53.330 --> 00:04:56.050 align:start position:0% alarmingly fast rate and it all comes back<00:04:53.449> to<00:04:53.599> this<00:04:53.810> other<00:04:54.139> idea<00:04:54.259> which<00:04:54.770> is<00:04:55.060> we're 00:04:56.050 --> 00:04:56.060 align:start position:0% back to this other idea which is we're 00:04:56.060 --> 00:04:58.899 align:start position:0% back to this other idea which is we're going<00:04:56.150> to<00:04:56.210> govern<00:04:56.599> what<00:04:56.840> we<00:04:56.960> own<00:04:57.169> so<00:04:57.770> and<00:04:58.219> thus 00:04:58.899 --> 00:04:58.909 align:start position:0% going to govern what we own so and thus 00:04:58.909 --> 00:05:05.260 align:start position:0% going to govern what we own so and thus govern<00:04:59.300> what<00:04:59.449> we<00:04:59.599> use<00:05:01.810> okay<00:05:02.810> so<00:05:04.090> how<00:05:05.090> do<00:05:05.150> we 00:05:05.260 --> 00:05:05.270 align:start position:0% govern what we use okay so how do we 00:05:05.270 --> 00:05:06.550 align:start position:0% govern what we use okay so how do we feel<00:05:05.419> about<00:05:05.479> this<00:05:05.719> so<00:05:05.900> far<00:05:05.930> we<00:05:06.379> good 00:05:06.550 --> 00:05:06.560 align:start position:0% feel about this so far we good 00:05:06.560 --> 00:05:11.019 align:start position:0% feel about this so far we good everyone's<00:05:07.340> yeah<00:05:08.029> all<00:05:08.300> right<00:05:08.599> cool<00:05:09.879> all<00:05:10.879> right 00:05:11.019 --> 00:05:11.029 align:start position:0% everyone's yeah all right cool all right 00:05:11.029 --> 00:05:14.469 align:start position:0% everyone's yeah all right cool all right so<00:05:11.659> second<00:05:12.349> thing<00:05:12.500> is<00:05:13.120> we're<00:05:14.120> raising<00:05:14.270> money 00:05:14.469 --> 00:05:14.479 align:start position:0% so second thing is we're raising money 00:05:14.479 --> 00:05:16.300 align:start position:0% so second thing is we're raising money we're<00:05:14.839> building<00:05:15.080> a<00:05:15.139> user<00:05:15.319> base<00:05:15.560> this<00:05:15.889> solves<00:05:16.250> a 00:05:16.300 --> 00:05:16.310 align:start position:0% we're building a user base this solves a 00:05:16.310 --> 00:05:17.679 align:start position:0% we're building a user base this solves a big<00:05:16.490> problem<00:05:16.789> in<00:05:16.879> business<00:05:17.240> it's<00:05:17.479> just 00:05:17.679 --> 00:05:17.689 align:start position:0% big problem in business it's just 00:05:17.689 --> 00:05:21.670 align:start position:0% big problem in business it's just getting<00:05:17.870> users<00:05:18.139> getting<00:05:18.560> customers<00:05:19.039> and<00:05:20.680> I 00:05:21.670 --> 00:05:21.680 align:start position:0% getting users getting customers and I 00:05:21.680 --> 00:05:23.140 align:start position:0% getting users getting customers and I like<00:05:21.979> to<00:05:22.099> think<00:05:22.219> of<00:05:22.339> this<00:05:22.490> as<00:05:22.669> as<00:05:22.969> well 00:05:23.140 --> 00:05:23.150 align:start position:0% like to think of this as as well 00:05:23.150 --> 00:05:27.459 align:start position:0% like to think of this as as well offering<00:05:23.779> high<00:05:24.199> finance<00:05:24.710> to<00:05:25.279> everybody<00:05:26.469> some 00:05:27.459 --> 00:05:27.469 align:start position:0% offering high finance to everybody some 00:05:27.469 --> 00:05:29.019 align:start position:0% offering high finance to everybody some financial<00:05:27.889> services<00:05:28.339> that<00:05:28.610> were<00:05:28.729> once 00:05:29.019 --> 00:05:29.029 align:start position:0% financial services that were once 00:05:29.029 --> 00:05:31.959 align:start position:0% financial services that were once available<00:05:29.719> to<00:05:30.039> massive<00:05:31.039> corporations<00:05:31.669> you 00:05:31.959 --> 00:05:31.969 align:start position:0% available to massive corporations you 00:05:31.969 --> 00:05:33.369 align:start position:0% available to massive corporations you need<00:05:32.150> tons<00:05:32.360> of<00:05:32.479> lawyers<00:05:32.839> you<00:05:33.020> need<00:05:33.139> all<00:05:33.259> this 00:05:33.369 --> 00:05:33.379 align:start position:0% need tons of lawyers you need all this 00:05:33.379 --> 00:05:35.170 align:start position:0% need tons of lawyers you need all this sort<00:05:33.560> of<00:05:33.589> infrastructure<00:05:34.009> now<00:05:35.000> we're<00:05:35.150> just 00:05:35.170 --> 00:05:35.180 align:start position:0% sort of infrastructure now we're just 00:05:35.180 --> 00:05:36.670 align:start position:0% sort of infrastructure now we're just giving<00:05:35.360> that<00:05:35.629> to<00:05:35.750> everybody<00:05:35.960> we're<00:05:36.469> giving 00:05:36.670 --> 00:05:36.680 align:start position:0% giving that to everybody we're giving 00:05:36.680 --> 00:05:38.709 align:start position:0% giving that to everybody we're giving that<00:05:36.800> to<00:05:37.009> the<00:05:37.759> coffee<00:05:37.939> shop<00:05:38.060> we're<00:05:38.509> giving 00:05:38.709 --> 00:05:38.719 align:start position:0% that to the coffee shop we're giving 00:05:38.719 --> 00:05:41.159 align:start position:0% that to the coffee shop we're giving that<00:05:38.870> to<00:05:39.110> your<00:05:39.979> neighbor<00:05:40.159> down<00:05:40.370> the<00:05:40.399> street 00:05:41.159 --> 00:05:41.169 align:start position:0% that to your neighbor down the street 00:05:41.169 --> 00:05:43.689 align:start position:0% that to your neighbor down the street everyone<00:05:42.169> will<00:05:42.979> get<00:05:43.069> access<00:05:43.430> to<00:05:43.580> these 00:05:43.689 --> 00:05:43.699 align:start position:0% everyone will get access to these 00:05:43.699 --> 00:05:46.689 align:start position:0% everyone will get access to these services<00:05:44.830> having<00:05:45.830> a<00:05:45.889> built-in<00:05:46.189> user<00:05:46.430> base 00:05:46.689 --> 00:05:46.699 align:start position:0% services having a built-in user base 00:05:46.699 --> 00:05:48.219 align:start position:0% services having a built-in user base lowers<00:05:47.210> your<00:05:47.240> risk<00:05:47.539> because<00:05:47.960> now<00:05:48.110> you<00:05:48.169> have 00:05:48.219 --> 00:05:48.229 align:start position:0% lowers your risk because now you have 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align:start position:0% about it as free speech and so I like to think<00:05:57.560> of<00:05:57.680> wave<00:05:57.889> fund<00:05:58.159> as<00:05:58.339> being<00:05:58.699> not<00:05:59.330> only<00:05:59.389> an 00:05:59.679 --> 00:05:59.689 align:start position:0% think of wave fund as being not only an 00:05:59.689 --> 00:06:01.899 align:start position:0% think of wave fund as being not only an investment<00:06:00.199> platform<00:06:00.379> but<00:06:01.339> also<00:06:01.460> a<00:06:01.610> freedom 00:06:01.899 --> 00:06:01.909 align:start position:0% investment platform but also a freedom 00:06:01.909 --> 00:06:06.010 align:start position:0% investment platform but also a freedom of<00:06:02.000> speech<00:06:02.180> platform<00:06:04.300> so<00:06:05.300> another 00:06:06.010 --> 00:06:06.020 align:start position:0% of speech platform so another 00:06:06.020 --> 00:06:08.679 align:start position:0% of speech platform so another interesting<00:06:06.229> aspect<00:06:06.710> is<00:06:07.250> that<00:06:07.520> the<00:06:08.330> shares 00:06:08.679 --> 00:06:08.689 align:start position:0% interesting aspect is that the shares 00:06:08.689 --> 00:06:10.839 align:start position:0% interesting aspect is that the shares that<00:06:09.110> will<00:06:09.439> be<00:06:09.560> raised<00:06:09.770> on<00:06:09.949> way<00:06:10.099> fun<00:06:10.339> will<00:06:10.729> be<00:06:10.819> a 00:06:10.839 --> 00:06:10.849 align:start position:0% that will be raised on way fun will be a 00:06:10.849 --> 00:06:13.240 align:start position:0% that will be raised on way fun will be a standardized<00:06:11.389> token<00:06:11.870> and<00:06:11.990> that<00:06:12.800> means<00:06:13.039> that 00:06:13.240 --> 00:06:13.250 align:start position:0% standardized token and that means that 00:06:13.250 --> 00:06:15.219 align:start position:0% standardized token and that means that they'll<00:06:13.399> be<00:06:13.509> immediately<00:06:14.509> tradable<00:06:15.050> on 00:06:15.219 --> 00:06:15.229 align:start position:0% they'll be immediately tradable on 00:06:15.229 --> 00:06:18.070 align:start position:0% they'll be immediately tradable on decentralized<00:06:15.830> exchanges<00:06:16.659> so<00:06:17.659> this<00:06:17.779> creates 00:06:18.070 --> 00:06:18.080 align:start position:0% decentralized exchanges so this creates 00:06:18.080 --> 00:06:21.519 align:start position:0% decentralized exchanges so this creates sort<00:06:18.500> of<00:06:18.620> a<00:06:18.710> very<00:06:19.189> interesting<00:06:19.960> dynamic<00:06:20.960> and<00:06:21.139> I 00:06:21.519 --> 00:06:21.529 align:start position:0% sort of a very interesting dynamic and I 00:06:21.529 --> 00:06:24.309 align:start position:0% sort of a very interesting dynamic and I think<00:06:22.479> it's<00:06:23.479> really<00:06:23.719> interesting<00:06:23.899> to<00:06:24.229> think 00:06:24.309 --> 00:06:24.319 align:start position:0% think it's really interesting to think 00:06:24.319 --> 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that<00:06:34.399> was<00:06:34.639> equity<00:06:35.419> share 00:06:35.740 --> 00:06:35.750 align:start position:0% if that was equity share 00:06:35.750 --> 00:06:39.700 align:start position:0% if that was equity share what<00:06:36.410> if<00:06:36.500> that<00:06:36.710> was<00:06:36.890> digital<00:06:37.790> assets<00:06:38.500> how<00:06:39.500> much 00:06:39.700 --> 00:06:39.710 align:start position:0% what if that was digital assets how much 00:06:39.710 --> 00:06:41.410 align:start position:0% what if that was digital assets how much more<00:06:39.950> money<00:06:40.220> would<00:06:40.550> that<00:06:40.700> are<00:06:40.820> generated<00:06:41.360> in 00:06:41.410 --> 00:06:41.420 align:start position:0% more money would that are generated in 00:06:41.420 --> 00:06:43.690 align:start position:0% more money would that are generated in business<00:06:41.870> if<00:06:42.050> it<00:06:42.230> just<00:06:42.380> didn't<00:06:42.650> sit<00:06:42.860> there<00:06:43.130> it 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contract<00:07:00.080> it's<00:07:00.890> less<00:07:01.250> than<00:07:01.280> a<00:07:01.490> hundred 00:07:01.750 --> 00:07:01.760 align:start position:0% simple contract it's less than a hundred 00:07:01.760 --> 00:07:04.450 align:start position:0% simple contract it's less than a hundred lines<00:07:01.880> of<00:07:02.060> code<00:07:02.240> this<00:07:03.140> can<00:07:03.410> talk<00:07:03.620> with<00:07:03.890> more 00:07:04.450 --> 00:07:04.460 align:start position:0% lines of code this can talk with more 00:07:04.460 --> 00:07:06.430 align:start position:0% lines of code this can talk with more complex<00:07:04.880> controllers<00:07:05.480> and<00:07:05.690> those 00:07:06.430 --> 00:07:06.440 align:start position:0% complex controllers and those 00:07:06.440 --> 00:07:09.520 align:start position:0% complex controllers and those controllers<00:07:06.860> can<00:07:07.130> then<00:07:07.310> talk<00:07:07.490> two<00:07:07.730> tokens<00:07:08.530> so 00:07:09.520 --> 00:07:09.530 align:start position:0% controllers can then talk two tokens so 00:07:09.530 --> 00:07:11.260 align:start position:0% controllers can then talk two tokens so this<00:07:10.040> creates<00:07:10.400> sort<00:07:10.640> of<00:07:10.760> an<00:07:10.850> interesting 00:07:11.260 --> 00:07:11.270 align:start position:0% this creates sort of an interesting 00:07:11.270 --> 00:07:13.450 align:start position:0% this creates sort of an interesting design<00:07:11.990> chain<00:07:12.410> that's<00:07:12.830> completely<00:07:13.220> modular 00:07:13.450 --> 00:07:13.460 align:start position:0% design chain that's completely modular 00:07:13.460 --> 00:07:18.310 align:start position:0% design chain that's completely modular and<00:07:13.910> very<00:07:14.750> extensible<00:07:16.330> so<00:07:17.330> two<00:07:17.390> challenges 00:07:18.310 --> 00:07:18.320 align:start position:0% and very extensible so two challenges 00:07:18.320 --> 00:07:20.770 align:start position:0% and very extensible so two challenges with<00:07:18.440> wave<00:07:18.620> fund<00:07:18.860> we<00:07:19.790> can<00:07:19.940> think<00:07:20.090> about<00:07:20.210> social 00:07:20.770 --> 00:07:20.780 align:start position:0% with wave fund we can think about social 00:07:20.780 --> 00:07:24.480 align:start position:0% with wave fund we can think about social readiness<00:07:21.350> and<00:07:21.590> jurisdictional<00:07:22.370> regulation 00:07:24.480 --> 00:07:24.490 align:start position:0% readiness and jurisdictional regulation 00:07:24.490 --> 00:07:28.180 align:start position:0% readiness and jurisdictional regulation and<00:07:26.050> to<00:07:27.050> get<00:07:27.200> into<00:07:27.410> these<00:07:27.500> just<00:07:27.800> a<00:07:27.860> little<00:07:28.070> bit 00:07:28.180 --> 00:07:28.190 align:start position:0% and to get into these just a little bit 00:07:28.190 --> 00:07:31.690 align:start position:0% and to get into these just a little bit social<00:07:29.030> readiness<00:07:29.530> just<00:07:30.530> adoption<00:07:31.310> of<00:07:31.370> ether 00:07:31.690 --> 00:07:31.700 align:start position:0% social readiness just adoption of ether 00:07:31.700 --> 00:07:33.190 align:start position:0% social readiness just adoption of ether and<00:07:31.880> adoption<00:07:32.570> of<00:07:32.630> this<00:07:32.780> sort<00:07:32.960> of<00:07:33.050> new 00:07:33.190 --> 00:07:33.200 align:start position:0% and adoption of this sort of new 00:07:33.200 --> 00:07:34.720 align:start position:0% and adoption of this sort of new paradigm<00:07:33.620> of<00:07:33.650> thinking<00:07:34.100> this<00:07:34.220> new<00:07:34.400> technology 00:07:34.720 --> 00:07:34.730 align:start position:0% paradigm of thinking this new technology 00:07:34.730 --> 00:07:37.810 align:start position:0% paradigm of thinking this new technology and<00:07:35.169> as<00:07:36.169> well<00:07:36.320> jurisdictional<00:07:37.250> regulation 00:07:37.810 --> 00:07:37.820 align:start position:0% and as well jurisdictional regulation 00:07:37.820 --> 00:07:40.780 align:start position:0% and as well jurisdictional regulation just<00:07:38.450> needing<00:07:38.960> to<00:07:39.050> catch<00:07:39.230> up<00:07:39.470> to<00:07:39.710> this<00:07:40.520> sort<00:07:40.760> of 00:07:40.780 --> 00:07:40.790 align:start position:0% just needing to catch up to this sort of 00:07:40.790 --> 00:07:44.140 align:start position:0% just needing to catch up to this sort of new<00:07:40.940> paradigm<00:07:41.300> of<00:07:41.330> thought<00:07:42.340> so<00:07:43.340> addressing 00:07:44.140 --> 00:07:44.150 align:start position:0% new paradigm of thought so addressing 00:07:44.150 --> 00:07:45.670 align:start position:0% new paradigm of thought so addressing these<00:07:44.240> two<00:07:44.419> challenges<00:07:44.930> we<00:07:45.410> can<00:07:45.440> think<00:07:45.590> about 00:07:45.670 --> 00:07:45.680 align:start position:0% these two challenges we can think about 00:07:45.680 --> 00:07:48.250 align:start position:0% these two challenges we can think about educating<00:07:46.250> the<00:07:46.430> populace<00:07:46.910> the<00:07:47.900> social 00:07:48.250 --> 00:07:48.260 align:start position:0% educating the populace the social 00:07:48.260 --> 00:07:51.460 align:start position:0% educating the populace the social evolution<00:07:49.120> and<00:07:50.120> also<00:07:50.450> just<00:07:50.960> support<00:07:51.350> from 00:07:51.460 --> 00:07:51.470 align:start position:0% evolution and also just support from 00:07:51.470 --> 00:07:53.710 align:start position:0% evolution and also just support from government<00:07:51.500> business<00:07:52.220> in<00:07:52.490> general<00:07:52.760> and 00:07:53.710 --> 00:07:53.720 align:start position:0% government business in general and 00:07:53.720 --> 00:07:55.480 align:start position:0% government business in general and there's<00:07:54.169> a<00:07:54.260> lot<00:07:54.410> of<00:07:54.470> different<00:07:54.860> interesting 00:07:55.480 --> 00:07:55.490 align:start position:0% there's a lot of different interesting 00:07:55.490 --> 00:07:57.250 align:start position:0% there's a lot of different interesting ways<00:07:55.610> this<00:07:55.790> is<00:07:55.940> happening<00:07:56.270> already<00:07:56.419> but<00:07:57.169> the 00:07:57.250 --> 00:07:57.260 align:start position:0% ways this is happening already but the 00:07:57.260 --> 00:07:59.409 align:start position:0% ways this is happening already but the JOBS<00:07:57.530> Act<00:07:57.770> which<00:07:58.550> is<00:07:58.669> kind<00:07:58.850> of<00:07:58.910> freeing<00:07:59.180> up 00:07:59.409 --> 00:07:59.419 align:start position:0% JOBS Act which is kind of freeing up 00:07:59.419 --> 00:08:02.290 align:start position:0% JOBS Act which is kind of freeing up equity<00:07:59.750> crowdfunding<00:08:00.050> and<00:08:00.530> also<00:08:01.370> non<00:08:01.880> US 00:08:02.290 --> 00:08:02.300 align:start position:0% equity crowdfunding and also non US 00:08:02.300 --> 00:08:07.090 align:start position:0% equity crowdfunding and also non US regulators<00:08:05.110> so<00:08:06.110> how<00:08:06.350> do<00:08:06.410> we<00:08:06.590> make<00:08:06.800> sure<00:08:06.979> these 00:08:07.090 --> 00:08:07.100 align:start position:0% regulators so how do we make sure these 00:08:07.100 --> 00:08:09.210 align:start position:0% regulators so how do we make sure these projects<00:08:07.610> don't<00:08:07.820> fail<00:08:08.150> this<00:08:08.690> is<00:08:08.810> another 00:08:09.210 --> 00:08:09.220 align:start position:0% projects don't fail this is another 00:08:09.220 --> 00:08:11.969 align:start position:0% projects don't fail this is another critical<00:08:10.220> aspect<00:08:10.850> of<00:08:10.970> the<00:08:11.300> whole<00:08:11.419> thing 00:08:11.969 --> 00:08:11.979 align:start position:0% critical aspect of the whole thing 00:08:11.979 --> 00:08:15.370 align:start position:0% critical aspect of the whole thing you're<00:08:12.979> going<00:08:13.100> to<00:08:13.190> raise<00:08:13.370> money<00:08:13.669> on<00:08:14.479> wave<00:08:15.169> line 00:08:15.370 --> 00:08:15.380 align:start position:0% you're going to raise money on wave line 00:08:15.380 --> 00:08:16.240 align:start position:0% you're going to raise money on wave line you're<00:08:15.470> going<00:08:15.590> to<00:08:15.650> raise<00:08:15.800> money<00:08:15.979> into 00:08:16.240 --> 00:08:16.250 align:start position:0% you're going to raise money into 00:08:16.250 --> 00:08:17.890 align:start position:0% you're going to raise money into centralized<00:08:16.640> crowdfunding<00:08:17.210> but<00:08:17.630> how<00:08:17.720> do<00:08:17.780> we 00:08:17.890 --> 00:08:17.900 align:start position:0% centralized crowdfunding but how do we 00:08:17.900 --> 00:08:21.219 align:start position:0% centralized crowdfunding but how do we make<00:08:18.020> sure<00:08:18.140> it<00:08:18.229> doesn't<00:08:18.350> fail<00:08:19.780> this<00:08:20.780> is<00:08:21.020> when 00:08:21.219 --> 00:08:21.229 align:start position:0% make sure it doesn't fail this is when 00:08:21.229 --> 00:08:23.170 align:start position:0% make sure it doesn't fail this is when the<00:08:21.950> second<00:08:22.310> project<00:08:22.460> that<00:08:22.760> I'm<00:08:22.850> working<00:08:22.880> on 00:08:23.170 --> 00:08:23.180 align:start position:0% the second project that I'm working on 00:08:23.180 --> 00:08:26.170 align:start position:0% the second project that I'm working on comes<00:08:23.479> in<00:08:23.690> called<00:08:24.229> boardroom<00:08:24.790> so<00:08:25.790> the<00:08:26.150> idea 00:08:26.170 --> 00:08:26.180 align:start position:0% comes in called boardroom so the idea 00:08:26.180 --> 00:08:31.320 align:start position:0% comes in called boardroom so the idea here<00:08:26.450> is<00:08:26.720> that<00:08:27.130> you'll<00:08:28.130> deploy<00:08:28.430> board<00:08:29.110> and 00:08:31.320 --> 00:08:31.330 align:start position:0% here is that you'll deploy board and 00:08:31.330 --> 00:08:33.070 align:start position:0% here is that you'll deploy board and then<00:08:32.330> go<00:08:32.479> out<00:08:32.510> you're<00:08:32.780> going<00:08:32.900> to<00:08:32.960> raise 00:08:33.070 --> 00:08:33.080 align:start position:0% then go out you're going to raise 00:08:33.080 --> 00:08:36.130 align:start position:0% then go out you're going to raise capital<00:08:33.289> for<00:08:33.650> that<00:08:34.390> the<00:08:35.390> beneficiary<00:08:35.870> of<00:08:36.020> the 00:08:36.130 --> 00:08:36.140 align:start position:0% capital for that the beneficiary of the 00:08:36.140 --> 00:08:38.709 align:start position:0% capital for that the beneficiary of the campaign<00:08:36.620> can<00:08:37.070> actually<00:08:37.490> be<00:08:37.700> a<00:08:37.909> contract<00:08:38.570> and 00:08:38.709 --> 00:08:38.719 align:start position:0% campaign can actually be a contract and 00:08:38.719 --> 00:08:40.990 align:start position:0% campaign can actually be a contract and that<00:08:39.050> can<00:08:39.200> be<00:08:39.229> a<00:08:39.320> board<00:08:39.589> and<00:08:39.770> this<00:08:40.700> is<00:08:40.820> where 00:08:40.990 --> 00:08:41.000 align:start position:0% that can be a board and this is where 00:08:41.000 --> 00:08:42.820 align:start position:0% that can be a board and this is where you'll<00:08:41.120> have<00:08:41.330> a<00:08:41.659> sort<00:08:42.020> of<00:08:42.050> dynamic<00:08:42.260> voting 00:08:42.820 --> 00:08:42.830 align:start position:0% you'll have a sort of dynamic voting 00:08:42.830 --> 00:08:44.980 align:start position:0% you'll have a sort of dynamic voting process<00:08:43.039> come<00:08:43.490> into<00:08:43.669> play<00:08:43.880> and<00:08:44.150> you're<00:08:44.870> going 00:08:44.980 --> 00:08:44.990 align:start position:0% process come into play and you're going 00:08:44.990 --> 00:08:46.260 align:start position:0% process come into play and you're going to<00:08:45.080> have 00:08:46.260 --> 00:08:46.270 align:start position:0% to have 00:08:46.270 --> 00:08:48.300 align:start position:0% to have just<00:08:47.050> some<00:08:47.170> really<00:08:47.380> interesting<00:08:47.620> dynamics 00:08:48.300 --> 00:08:48.310 align:start position:0% just some really interesting dynamics 00:08:48.310 --> 00:08:50.760 align:start position:0% just some really interesting dynamics happening<00:08:48.700> where<00:08:48.940> orbs<00:08:49.720> will<00:08:49.930> just<00:08:50.170> pop<00:08:50.500> up 00:08:50.760 --> 00:08:50.770 align:start position:0% happening where orbs will just pop up 00:08:50.770 --> 00:08:53.220 align:start position:0% happening where orbs will just pop up and<00:08:50.980> then<00:08:51.910> funds<00:08:52.180> will<00:08:52.360> be<00:08:52.390> raised<00:08:52.660> for<00:08:52.930> it<00:08:53.080> and 00:08:53.220 --> 00:08:53.230 align:start position:0% and then funds will be raised for it and 00:08:53.230 --> 00:08:55.950 align:start position:0% and then funds will be raised for it and the<00:08:53.710> equity<00:08:54.190> raised<00:08:54.460> will<00:08:55.420> actually<00:08:55.810> have 00:08:55.950 --> 00:08:55.960 align:start position:0% the equity raised will actually have 00:08:55.960 --> 00:08:57.180 align:start position:0% the equity raised will actually have decision-making<00:08:56.410> power<00:08:56.890> in<00:08:57.100> the 00:08:57.180 --> 00:08:57.190 align:start position:0% decision-making power in the 00:08:57.190 --> 00:08:59.250 align:start position:0% decision-making power in the organization<00:08:57.850> and<00:08:58.150> this<00:08:58.330> will<00:08:58.540> all<00:08:58.750> happen<00:08:58.990> in 00:08:59.250 --> 00:08:59.260 align:start position:0% organization and this will all happen in 00:08:59.260 --> 00:09:04.350 align:start position:0% organization and this will all happen in a<00:08:59.350> contractual<00:08:59.860> space<00:09:01.740> so<00:09:02.740> let's<00:09:03.550> get<00:09:03.670> into<00:09:03.730> a 00:09:04.350 --> 00:09:04.360 align:start position:0% a contractual space so let's get into a 00:09:04.360 --> 00:09:06.060 align:start position:0% a contractual space so let's get into a little<00:09:04.660> bit<00:09:04.780> of<00:09:04.870> a<00:09:05.020> boardroom<00:09:05.350> walkthrough 00:09:06.060 --> 00:09:06.070 align:start position:0% little bit of a boardroom walkthrough 00:09:06.070 --> 00:09:10.050 align:start position:0% little bit of a boardroom walkthrough and<00:09:06.250> I<00:09:06.880> have<00:09:07.570> five<00:09:07.960> minutes<00:09:08.230> so<00:09:08.830> I'll<00:09:09.670> try<00:09:09.910> and 00:09:10.050 --> 00:09:10.060 align:start position:0% and I have five minutes so I'll try and 00:09:10.060 --> 00:09:12.780 align:start position:0% and I have five minutes so I'll try and get<00:09:10.150> into<00:09:10.270> it<00:09:10.420> as<00:09:10.510> best<00:09:10.630> I<00:09:10.810> can<00:09:11.020> so<00:09:11.890> this<00:09:12.340> is<00:09:12.370> the 00:09:12.780 --> 00:09:12.790 align:start position:0% get into it as best I can so this is the 00:09:12.790 --> 00:09:14.910 align:start position:0% get into it as best I can so this is the opening<00:09:13.510> of<00:09:13.780> boardroom<00:09:14.350> and<00:09:14.680> it's<00:09:14.800> the<00:09:14.890> first 00:09:14.910 --> 00:09:14.920 align:start position:0% opening of boardroom and it's the first 00:09:14.920 --> 00:09:24.120 align:start position:0% opening of boardroom and it's the first public<00:09:15.520> showing<00:09:15.730> so<00:09:16.360> yay<00:09:20.610> so<00:09:22.980> what<00:09:23.980> you're 00:09:24.120 --> 00:09:24.130 align:start position:0% public showing so yay so what you're 00:09:24.130 --> 00:09:27.030 align:start position:0% public showing so yay so what you're seeing<00:09:24.370> here<00:09:24.520> is<00:09:25.030> a<00:09:25.690> visualization<00:09:26.260> of<00:09:26.860> a 00:09:27.030 --> 00:09:27.040 align:start position:0% seeing here is a visualization of a 00:09:27.040 --> 00:09:33.000 align:start position:0% seeing here is a visualization of a board<00:09:27.340> and<00:09:28.000> this<00:09:28.960> is<00:09:29.170> Pied<00:09:29.500> Piper<00:09:29.880> and<00:09:31.770> so<00:09:32.770> here 00:09:33.000 --> 00:09:33.010 align:start position:0% board and this is Pied Piper and so here 00:09:33.010 --> 00:09:34.800 align:start position:0% board and this is Pied Piper and so here we're<00:09:33.160> just<00:09:33.190> seeing<00:09:33.490> some<00:09:33.790> basic<00:09:34.150> membership 00:09:34.800 --> 00:09:34.810 align:start position:0% we're just seeing some basic membership 00:09:34.810 --> 00:09:37.530 align:start position:0% we're just seeing some basic membership and<00:09:35.440> proposals<00:09:36.250> and<00:09:36.580> these<00:09:37.180> sorts<00:09:37.420> of<00:09:37.480> things 00:09:37.530 --> 00:09:37.540 align:start position:0% and proposals and these sorts of things 00:09:37.540 --> 00:09:42.030 align:start position:0% and proposals and these sorts of things so<00:09:38.440> bored<00:09:38.800> is<00:09:39.010> just<00:09:40.290> boardroom<00:09:41.290> and<00:09:41.500> these 00:09:42.030 --> 00:09:42.040 align:start position:0% so bored is just boardroom and these 00:09:42.040 --> 00:09:44.340 align:start position:0% so bored is just boardroom and these boards<00:09:42.400> is<00:09:42.520> just<00:09:42.910> a<00:09:43.060> single<00:09:43.330> contract<00:09:43.930> on<00:09:44.170> the 00:09:44.340 --> 00:09:44.350 align:start position:0% boards is just a single contract on the 00:09:44.350 --> 00:09:47.460 align:start position:0% boards is just a single contract on the etherium<00:09:44.800> network<00:09:45.340> it's<00:09:45.870> representing<00:09:46.870> the 00:09:47.460 --> 00:09:47.470 align:start position:0% etherium network it's representing the 00:09:47.470 --> 00:09:50.010 align:start position:0% etherium network it's representing the boardroom<00:09:47.860> structure<00:09:48.330> and<00:09:49.330> this<00:09:49.510> can<00:09:49.690> be<00:09:49.810> used 00:09:50.010 --> 00:09:50.020 align:start position:0% boardroom structure and this can be used 00:09:50.020 --> 00:09:51.990 align:start position:0% boardroom structure and this can be used to<00:09:50.170> create<00:09:50.470> a<00:09:50.560> complex<00:09:51.010> governance<00:09:51.580> structure 00:09:51.990 --> 00:09:52.000 align:start position:0% to create a complex governance structure 00:09:52.000 --> 00:09:54.300 align:start position:0% to create a complex governance structure that<00:09:52.450> can<00:09:52.630> help<00:09:53.080> in<00:09:53.290> allocating<00:09:53.710> funds 00:09:54.300 --> 00:09:54.310 align:start position:0% that can help in allocating funds 00:09:54.310 --> 00:09:56.490 align:start position:0% that can help in allocating funds holding<00:09:55.060> membership<00:09:55.570> and<00:09:55.780> doing<00:09:56.020> kind<00:09:56.470> of 00:09:56.490 --> 00:09:56.500 align:start position:0% holding membership and doing kind of 00:09:56.500 --> 00:09:59.640 align:start position:0% holding membership and doing kind of very<00:09:56.680> complex<00:09:56.800> proposal<00:09:57.580> systems<00:09:57.970> so<00:09:58.960> here 00:09:59.640 --> 00:09:59.650 align:start position:0% very complex proposal systems so here 00:09:59.650 --> 00:10:02.340 align:start position:0% very complex proposal systems so here we're<00:09:59.830> just<00:09:59.860> seeing<00:10:00.160> a<00:10:00.400> basic<00:10:00.970> dashboard<00:10:01.480> some 00:10:02.340 --> 00:10:02.350 align:start position:0% we're just seeing a basic dashboard some 00:10:02.350 --> 00:10:04.860 align:start position:0% we're just seeing a basic dashboard some details<00:10:02.740> about<00:10:02.830> the<00:10:03.040> board<00:10:03.340> the<00:10:04.210> address<00:10:04.540> the 00:10:04.860 --> 00:10:04.870 align:start position:0% details about the board the address the 00:10:04.870 --> 00:10:08.520 align:start position:0% details about the board the address the balance<00:10:05.520> will<00:10:06.520> go<00:10:06.730> into<00:10:06.930> proposals<00:10:07.930> so 00:10:08.520 --> 00:10:08.530 align:start position:0% balance will go into proposals so 00:10:08.530 --> 00:10:10.650 align:start position:0% balance will go into proposals so actually<00:10:09.430> before<00:10:09.550> proposals<00:10:10.210> let's<00:10:10.420> go<00:10:10.540> into 00:10:10.650 --> 00:10:10.660 align:start position:0% actually before proposals let's go into 00:10:10.660 --> 00:10:13.560 align:start position:0% actually before proposals let's go into membership<00:10:11.160> so<00:10:12.160> here<00:10:12.730> is<00:10:12.880> seeing<00:10:13.120> just<00:10:13.420> some 00:10:13.560 --> 00:10:13.570 align:start position:0% membership so here is seeing just some 00:10:13.570 --> 00:10:17.760 align:start position:0% membership so here is seeing just some members<00:10:13.840> of<00:10:13.870> the<00:10:14.020> board<00:10:14.460> and<00:10:15.600> each<00:10:16.600> member<00:10:16.770> can 00:10:17.760 --> 00:10:17.770 align:start position:0% members of the board and each member can 00:10:17.770 --> 00:10:20.550 align:start position:0% members of the board and each member can only<00:10:18.010> join<00:10:18.430> through<00:10:19.270> proposals<00:10:19.810> so<00:10:20.230> it's<00:10:20.380> all 00:10:20.550 --> 00:10:20.560 align:start position:0% only join through proposals so it's all 00:10:20.560 --> 00:10:22.140 align:start position:0% only join through proposals so it's all proposal<00:10:21.040> based<00:10:21.190> and<00:10:21.490> all<00:10:21.790> needs<00:10:22.030> to<00:10:22.090> be 00:10:22.140 --> 00:10:22.150 align:start position:0% proposal based and all needs to be 00:10:22.150 --> 00:10:23.880 align:start position:0% proposal based and all needs to be through<00:10:22.780> the<00:10:22.870> democratic<00:10:23.350> gateway<00:10:23.650> of<00:10:23.680> the 00:10:23.880 --> 00:10:23.890 align:start position:0% through the democratic gateway of the 00:10:23.890 --> 00:10:28.400 align:start position:0% through the democratic gateway of the board<00:10:24.870> when<00:10:25.870> we<00:10:25.960> talk<00:10:26.110> about<00:10:26.140> proposals 00:10:28.400 --> 00:10:28.410 align:start position:0% board when we talk about proposals 00:10:28.410 --> 00:10:30.870 align:start position:0% board when we talk about proposals they're<00:10:29.410> statically<00:10:29.950> typed<00:10:29.980> which<00:10:30.610> means 00:10:30.870 --> 00:10:30.880 align:start position:0% they're statically typed which means 00:10:30.880 --> 00:10:34.350 align:start position:0% they're statically typed which means that<00:10:31.030> you<00:10:32.040> can't<00:10:33.040> have<00:10:33.280> a<00:10:33.310> board<00:10:33.670> member<00:10:33.880> try 00:10:34.350 --> 00:10:34.360 align:start position:0% that you can't have a board member try 00:10:34.360 --> 00:10:36.540 align:start position:0% that you can't have a board member try and<00:10:34.540> cheat<00:10:34.810> another<00:10:35.230> by<00:10:35.710> having<00:10:36.100> a<00:10:36.190> proposal 00:10:36.540 --> 00:10:36.550 align:start position:0% and cheat another by having a proposal 00:10:36.550 --> 00:10:39.660 align:start position:0% and cheat another by having a proposal that<00:10:37.000> is<00:10:37.050> does<00:10:38.050> one<00:10:38.320> thing<00:10:38.590> but<00:10:38.860> then<00:10:39.190> kind<00:10:39.610> of 00:10:39.660 --> 00:10:39.670 align:start position:0% that is does one thing but then kind of 00:10:39.670 --> 00:10:42.750 align:start position:0% that is does one thing but then kind of does<00:10:40.090> another<00:10:40.360> actually<00:10:41.070> so<00:10:42.070> here's<00:10:42.490> just 00:10:42.750 --> 00:10:42.760 align:start position:0% does another actually so here's just 00:10:42.760 --> 00:10:45.840 align:start position:0% does another actually so here's just some<00:10:42.850> types<00:10:43.720> if<00:10:43.930> you<00:10:44.050> can<00:10:44.200> see<00:10:44.410> that<00:10:44.730> you<00:10:45.730> can 00:10:45.840 --> 00:10:45.850 align:start position:0% some types if you can see that you can 00:10:45.850 --> 00:10:47.490 align:start position:0% some types if you can see that you can see<00:10:46.030> allocating<00:10:46.660> funds<00:10:46.900> from<00:10:47.110> the<00:10:47.170> board's 00:10:47.490 --> 00:10:47.500 align:start position:0% see allocating funds from the board's 00:10:47.500 --> 00:10:49.170 align:start position:0% see allocating funds from the board's budget<00:10:47.950> adding<00:10:48.460> and<00:10:48.580> removing<00:10:48.640> members 00:10:49.170 --> 00:10:49.180 align:start position:0% budget adding and removing members 00:10:49.180 --> 00:10:52.320 align:start position:0% budget adding and removing members selecting<00:10:49.750> chairs<00:10:50.370> subcommittees<00:10:51.370> you're 00:10:52.320 --> 00:10:52.330 align:start position:0% selecting chairs subcommittees you're 00:10:52.330 --> 00:10:54.120 align:start position:0% selecting chairs subcommittees you're basically<00:10:52.720> going<00:10:52.900> to<00:10:52.960> get<00:10:53.200> everything<00:10:53.980> you 00:10:54.120 --> 00:10:54.130 align:start position:0% basically going to get everything you 00:10:54.130 --> 00:10:55.770 align:start position:0% basically going to get everything you want<00:10:54.370> out<00:10:54.760> of<00:10:54.970> a<00:10:55.120> company<00:10:55.480> structure 00:10:55.770 --> 00:10:55.780 align:start position:0% want out of a company structure 00:10:55.780 --> 00:10:58.200 align:start position:0% want out of a company structure simulated<00:10:56.620> in<00:10:56.710> a<00:10:56.770> smart<00:10:57.040> contract<00:10:57.550> and<00:10:57.850> within 00:10:58.200 --> 00:10:58.210 align:start position:0% simulated in a smart contract and within 00:10:58.210 --> 00:11:01.290 align:start position:0% simulated in a smart contract and within the<00:10:59.110> boardroom<00:10:59.500> UI<00:10:59.740> and<00:11:00.100> as<00:11:00.850> well<00:11:01.060> we're 00:11:01.290 --> 00:11:01.300 align:start position:0% the boardroom UI and as well we're 00:11:01.300 --> 00:11:02.760 align:start position:0% the boardroom UI and as well we're building<00:11:01.630> boardroom<00:11:02.080> to<00:11:02.230> be<00:11:02.350> completely 00:11:02.760 --> 00:11:02.770 align:start position:0% building boardroom to be completely 00:11:02.770 --> 00:11:05.640 align:start position:0% building boardroom to be completely extensible<00:11:03.490> both<00:11:03.970> in<00:11:04.690> configuration<00:11:05.230> hooks 00:11:05.640 --> 00:11:05.650 align:start position:0% extensible both in configuration hooks 00:11:05.650 --> 00:11:08.280 align:start position:0% extensible both in configuration hooks and<00:11:05.980> also<00:11:06.370> the<00:11:06.970> proposals<00:11:07.600> can<00:11:07.900> outwardly 00:11:08.280 --> 00:11:08.290 align:start position:0% and also the proposals can outwardly 00:11:08.290 --> 00:11:11.100 align:start position:0% and also the proposals can outwardly talk<00:11:09.010> to<00:11:09.220> other<00:11:09.370> contracts<00:11:10.030> which<00:11:10.630> creates<00:11:10.960> a 00:11:11.100 --> 00:11:11.110 align:start position:0% talk to other contracts which creates a 00:11:11.110 --> 00:11:13.310 align:start position:0% talk to other contracts which creates a whole<00:11:11.320> sort<00:11:11.650> of<00:11:11.770> unlimited<00:11:12.400> amount<00:11:12.910> of 00:11:13.310 --> 00:11:13.320 align:start position:0% whole sort of unlimited amount of 00:11:13.320 --> 00:11:16.470 align:start position:0% whole sort of unlimited amount of interesting<00:11:14.320> use<00:11:14.650> cases<00:11:15.150> think<00:11:16.150> about 00:11:16.470 --> 00:11:16.480 align:start position:0% interesting use cases think about 00:11:16.480 --> 00:11:19.620 align:start position:0% interesting use cases think about creating<00:11:17.080> proposals<00:11:17.680> that<00:11:18.180> move<00:11:19.180> tokens 00:11:19.620 --> 00:11:19.630 align:start position:0% creating proposals that move tokens 00:11:19.630 --> 00:11:22.710 align:start position:0% creating proposals that move tokens around<00:11:19.960> or<00:11:20.590> equity<00:11:21.070> think<00:11:21.700> about<00:11:21.970> complex 00:11:22.710 --> 00:11:22.720 align:start position:0% around or equity think about complex 00:11:22.720 --> 00:11:24.690 align:start position:0% around or equity think about complex voting<00:11:23.170> structures<00:11:23.680> that<00:11:24.070> are<00:11:24.130> based<00:11:24.430> on 00:11:24.690 --> 00:11:24.700 align:start position:0% voting structures that are based on 00:11:24.700 --> 00:11:27.780 align:start position:0% voting structures that are based on tokens<00:11:25.620> so<00:11:26.620> this<00:11:26.890> is<00:11:27.070> the<00:11:27.220> sort<00:11:27.400> of<00:11:27.490> bread<00:11:27.700> and 00:11:27.780 --> 00:11:27.790 align:start position:0% tokens so this is the sort of bread and 00:11:27.790 --> 00:11:29.940 align:start position:0% tokens so this is the sort of bread and butter<00:11:27.970> of<00:11:28.090> boardroom<00:11:28.510> and<00:11:28.810> it<00:11:29.500> all<00:11:29.710> comes 00:11:29.940 --> 00:11:29.950 align:start position:0% butter of boardroom and it all comes 00:11:29.950 --> 00:11:31.710 align:start position:0% butter of boardroom and it all comes back<00:11:30.070> to<00:11:30.220> the<00:11:30.490> one<00:11:30.670> philosophy<00:11:31.360> of<00:11:31.510> just 00:11:31.710 --> 00:11:31.720 align:start position:0% back to the one philosophy of just 00:11:31.720 --> 00:11:34.770 align:start position:0% back to the one philosophy of just simulating<00:11:32.380> a<00:11:32.610> governance<00:11:33.610> structure<00:11:33.940> in<00:11:34.570> a 00:11:34.770 --> 00:11:34.780 align:start position:0% simulating a governance structure in a 00:11:34.780 --> 00:11:37.470 align:start position:0% simulating a governance structure in a contract<00:11:35.320> on<00:11:35.530> athyrium<00:11:36.100> so<00:11:37.030> with<00:11:37.450> each 00:11:37.470 --> 00:11:37.480 align:start position:0% contract on athyrium so with each 00:11:37.480 --> 00:11:39.360 align:start position:0% contract on athyrium so with each proposal<00:11:37.990> you<00:11:38.260> can<00:11:38.410> see<00:11:38.590> here<00:11:38.860> there's<00:11:39.100> just 00:11:39.360 --> 00:11:39.370 align:start position:0% proposal you can see here there's just 00:11:39.370 --> 00:11:42.120 align:start position:0% proposal you can see here there's just some<00:11:39.840> various<00:11:40.840> details<00:11:41.020> proposals<00:11:41.860> have<00:11:42.070> a 00:11:42.120 --> 00:11:42.130 align:start position:0% some various details proposals have a 00:11:42.130 --> 00:11:44.670 align:start position:0% some various details proposals have a certain<00:11:42.580> kind<00:11:42.790> of<00:11:42.850> structure<00:11:43.440> that<00:11:44.440> allows 00:11:44.670 --> 00:11:44.680 align:start position:0% certain kind of structure that allows 00:11:44.680 --> 00:11:48.720 align:start position:0% certain kind of structure that allows for<00:11:45.160> sort<00:11:45.730> of<00:11:45.820> rigid<00:11:46.330> a<00:11:46.630> rigid<00:11:47.200> data<00:11:47.380> type<00:11:47.730> just 00:11:48.720 --> 00:11:48.730 align:start position:0% for sort of rigid a rigid data type just 00:11:48.730 --> 00:11:50.460 align:start position:0% for sort of rigid a rigid data type just five<00:11:48.880> different<00:11:49.210> ones<00:11:49.270> so<00:11:49.960> here<00:11:50.200> you<00:11:50.290> can<00:11:50.320> see 00:11:50.460 --> 00:11:50.470 align:start position:0% five different ones so here you can see 00:11:50.470 --> 00:11:51.660 align:start position:0% five different ones so here you can see just<00:11:50.770> some<00:11:50.890> proposals<00:11:51.370> that<00:11:51.430> have<00:11:51.520> been 00:11:51.660 --> 00:11:51.670 align:start position:0% just some proposals that have been 00:11:51.670 --> 00:11:53.610 align:start position:0% just some proposals that have been executed<00:11:52.270> so<00:11:52.450> this<00:11:52.570> is<00:11:52.720> adding<00:11:53.050> Erlich<00:11:53.380> to<00:11:53.500> the 00:11:53.610 --> 00:11:53.620 align:start position:0% executed so this is adding Erlich to the 00:11:53.620 --> 00:11:56.010 align:start position:0% executed so this is adding Erlich to the board<00:11:53.880> this<00:11:54.880> is<00:11:55.030> sending<00:11:55.360> funds<00:11:55.660> from<00:11:55.960> the 00:11:56.010 --> 00:11:56.020 align:start position:0% board this is sending funds from the 00:11:56.020 --> 00:11:58.860 align:start position:0% board this is sending funds from the board<00:11:56.550> it's<00:11:57.550> a<00:11:57.670> very<00:11:57.880> simple<00:11:58.060> interface<00:11:58.600> and 00:11:58.860 --> 00:11:58.870 align:start position:0% board it's a very simple interface and 00:11:58.870 --> 00:12:02.070 align:start position:0% board it's a very simple interface and we<00:11:59.290> saw<00:11:59.530> a<00:11:59.560> little<00:11:59.980> earlier<00:12:00.280> that<00:12:00.960> there<00:12:01.960> was 00:12:02.070 --> 00:12:02.080 align:start position:0% we saw a little earlier that there was 00:12:02.080 --> 00:12:04.850 align:start position:0% we saw a little earlier that there was something<00:12:02.380> like<00:12:02.410> this<00:12:02.560> I<00:12:02.980> believe<00:12:03.840> andreas 00:12:04.850 --> 00:12:04.860 align:start position:0% something like this I believe andreas 00:12:04.860 --> 00:12:07.140 align:start position:0% something like this I believe andreas did<00:12:05.860> something<00:12:06.160> like<00:12:06.280> this<00:12:06.430> with<00:12:06.640> tokens<00:12:06.850> and 00:12:07.140 --> 00:12:07.150 align:start position:0% did something like this with tokens and 00:12:07.150 --> 00:12:09.810 align:start position:0% did something like this with tokens and boards<00:12:07.450> I<00:12:07.660> think<00:12:08.470> a<00:12:08.530> big<00:12:08.800> thing<00:12:09.130> about 00:12:09.810 --> 00:12:09.820 align:start position:0% boards I think a big thing about 00:12:09.820 --> 00:12:11.340 align:start position:0% boards I think a big thing about boardroom<00:12:10.300> is<00:12:10.420> that<00:12:10.570> there's<00:12:10.750> a<00:12:10.810> lot<00:12:10.990> of<00:12:11.050> data 00:12:11.340 --> 00:12:11.350 align:start position:0% boardroom is that there's a lot of data 00:12:11.350 --> 00:12:13.200 align:start position:0% boardroom is that there's a lot of data to<00:12:11.680> visualize<00:12:12.130> with<00:12:12.370> governance<00:12:12.760> structures 00:12:13.200 --> 00:12:13.210 align:start position:0% to visualize with governance structures 00:12:13.210 --> 00:12:16.470 align:start position:0% to visualize with governance structures and<00:12:13.360> contracts<00:12:13.840> and<00:12:14.140> so<00:12:14.850> you<00:12:15.850> really<00:12:16.180> do<00:12:16.330> need 00:12:16.470 --> 00:12:16.480 align:start position:0% and contracts and so you really do need 00:12:16.480 --> 00:12:19.530 align:start position:0% and contracts and so you really do need a<00:12:16.540> dedicated<00:12:16.810> you<00:12:17.410> I<00:12:17.440> to<00:12:17.860> handle<00:12:18.250> that<00:12:18.540> and 00:12:19.530 --> 00:12:19.540 align:start position:0% a dedicated you I to handle that and 00:12:19.540 --> 00:12:21.540 align:start position:0% a dedicated you I to handle that and there's<00:12:20.380> just<00:12:20.590> a<00:12:20.740> lot<00:12:20.890> of<00:12:20.950> information<00:12:21.520> to 00:12:21.540 --> 00:12:21.550 align:start position:0% there's just a lot of information to 00:12:21.550 --> 00:12:25.350 align:start position:0% there's just a lot of information to kind<00:12:21.760> of<00:12:21.790> go<00:12:21.910> through<00:12:22.830> so<00:12:23.830> between<00:12:24.700> the<00:12:24.940> 2<00:12:25.120> i'm 00:12:25.350 --> 00:12:25.360 align:start position:0% kind of go through so between the 2 i'm 00:12:25.360 --> 00:12:27.060 align:start position:0% kind of go through so between the 2 i'm just<00:12:25.540> going<00:12:25.660> to<00:12:25.720> pop<00:12:25.900> back<00:12:26.170> to<00:12:26.500> my 00:12:27.060 --> 00:12:27.070 align:start position:0% just going to pop back to my 00:12:27.070 --> 00:12:29.310 align:start position:0% just going to pop back to my presentation<00:12:27.520> real<00:12:28.270> fast<00:12:28.690> because<00:12:29.050> i'm 00:12:29.310 --> 00:12:29.320 align:start position:0% presentation real fast because i'm 00:12:29.320 --> 00:12:34.950 align:start position:0% presentation real fast because i'm apparently<00:12:29.770> out<00:12:30.070> of<00:12:30.130> time<00:12:31.110> so<00:12:33.090> what<00:12:34.090> ok<00:12:34.810> we'll 00:12:34.950 --> 00:12:34.960 align:start position:0% apparently out of time so what ok we'll 00:12:34.960 --> 00:12:39.470 align:start position:0% apparently out of time so what ok we'll go<00:12:35.110> right<00:12:35.350> through<00:12:35.590> that<00:12:35.880> ok<00:12:36.880> I<00:12:37.500> will<00:12:38.500> be<00:12:38.770> quick 00:12:39.470 --> 00:12:39.480 align:start position:0% go right through that ok I will be quick 00:12:39.480 --> 00:12:42.360 align:start position:0% go right through that ok I will be quick so<00:12:40.480> this<00:12:40.930> is<00:12:40.960> just<00:12:41.230> some<00:12:41.530> organizing 00:12:42.360 --> 00:12:42.370 align:start position:0% so this is just some organizing 00:12:42.370 --> 00:12:44.940 align:start position:0% so this is just some organizing innovation<00:12:43.000> ok<00:12:43.420> yes<00:12:43.660> what's<00:12:44.560> next<00:12:44.770> for 00:12:44.940 --> 00:12:44.950 align:start position:0% innovation ok yes what's next for 00:12:44.950 --> 00:12:48.150 align:start position:0% innovation ok yes what's next for boardroom<00:12:45.310> wave<00:12:45.520> fun<00:12:45.730> okay<00:12:47.010> total<00:12:48.010> world 00:12:48.150 --> 00:12:48.160 align:start position:0% boardroom wave fun okay total world 00:12:48.160 --> 00:12:53.130 align:start position:0% boardroom wave fun okay total world domination<00:12:48.250> yes<00:12:50.880> so<00:12:51.880> for<00:12:52.270> wave<00:12:52.420> funds<00:12:52.660> we're 00:12:53.130 --> 00:12:53.140 align:start position:0% domination yes so for wave funds we're 00:12:53.140 --> 00:12:54.620 align:start position:0% domination yes so for wave funds we're going<00:12:53.260> to<00:12:53.350> have<00:12:53.440> a<00:12:53.470> lot<00:12:53.710> more<00:12:53.770> decentralized 00:12:54.620 --> 00:12:54.630 align:start position:0% going to have a lot more decentralized 00:12:54.630 --> 00:12:57.510 align:start position:0% going to have a lot more decentralized file<00:12:55.630> storage<00:12:55.960> integration<00:12:56.530> or<00:12:56.740> distributed 00:12:57.510 --> 00:12:57.520 align:start position:0% file storage integration or distributed 00:12:57.520 --> 00:12:59.940 align:start position:0% file storage integration or distributed file<00:12:57.700> storage<00:12:57.940> integration<00:12:58.720> I<00:12:58.930> PFS<00:12:59.410> etc 00:12:59.940 --> 00:12:59.950 align:start position:0% file storage integration I PFS etc 00:12:59.950 --> 00:13:03.360 align:start position:0% file storage integration I PFS etc complex<00:13:00.820> token<00:13:01.180> controllers<00:13:02.190> we're<00:13:03.190> going<00:13:03.310> to 00:13:03.360 --> 00:13:03.370 align:start position:0% complex token controllers we're going to 00:13:03.370 --> 00:13:05.340 align:start position:0% complex token controllers we're going to have<00:13:03.490> a<00:13:03.520> new<00:13:03.700> UI<00:13:03.880> and<00:13:04.270> we're<00:13:04.870> going<00:13:04.990> to<00:13:05.020> put 00:13:05.340 --> 00:13:05.350 align:start position:0% have a new UI and we're going to put 00:13:05.350 --> 00:13:08.040 align:start position:0% have a new UI and we're going to put that<00:13:05.530> on<00:13:05.650> the<00:13:05.740> test<00:13:05.950> net<00:13:06.540> with<00:13:07.540> boardroom 00:13:08.040 --> 00:13:08.050 align:start position:0% that on the test net with boardroom 00:13:08.050 --> 00:13:08.630 align:start position:0% that on the test net with boardroom we're<00:13:08.320> going<00:13:08.440> to 00:13:08.630 --> 00:13:08.640 align:start position:0% we're going to 00:13:08.640 --> 00:13:10.100 align:start position:0% we're going to into<00:13:08.880> some<00:13:09.060> really<00:13:09.360> interesting<00:13:09.510> custom 00:13:10.100 --> 00:13:10.110 align:start position:0% into some really interesting custom 00:13:10.110 --> 00:13:12.350 align:start position:0% into some really interesting custom voting<00:13:10.440> structures<00:13:10.890> dynamic<00:13:11.820> membership 00:13:12.350 --> 00:13:12.360 align:start position:0% voting structures dynamic membership 00:13:12.360 --> 00:13:15.080 align:start position:0% voting structures dynamic membership middleware<00:13:13.190> which<00:13:14.190> is<00:13:14.370> kind<00:13:14.610> of<00:13:14.640> outward 00:13:15.080 --> 00:13:15.090 align:start position:0% middleware which is kind of outward 00:13:15.090 --> 00:13:17.810 align:start position:0% middleware which is kind of outward extensible<00:13:15.750> tech<00:13:16.710> that<00:13:17.250> will<00:13:17.340> help<00:13:17.490> bridge 00:13:17.810 --> 00:13:17.820 align:start position:0% extensible tech that will help bridge 00:13:17.820 --> 00:13:20.660 align:start position:0% extensible tech that will help bridge boardroom<00:13:18.270> to<00:13:18.420> other<00:13:18.540> services<00:13:19.100> new<00:13:20.100> UI<00:13:20.280> and 00:13:20.660 --> 00:13:20.670 align:start position:0% boardroom to other services new UI and 00:13:20.670 --> 00:13:22.460 align:start position:0% boardroom to other services new UI and then<00:13:20.790> release<00:13:21.090> that<00:13:21.300> on<00:13:21.420> the<00:13:21.570> etherium<00:13:22.260> test 00:13:22.460 --> 00:13:22.470 align:start position:0% then release that on the etherium test 00:13:22.470 --> 00:13:25.160 align:start position:0% then release that on the etherium test net<00:13:22.820> here's<00:13:23.820> just<00:13:24.060> some<00:13:24.120> new<00:13:24.390> screenshots<00:13:24.600> of 00:13:25.160 --> 00:13:25.170 align:start position:0% net here's just some new screenshots of 00:13:25.170 --> 00:13:26.840 align:start position:0% net here's just some new screenshots of the<00:13:25.230> new<00:13:25.560> UI<00:13:25.740> which<00:13:26.250> is<00:13:26.430> seeing<00:13:26.610> for<00:13:26.730> the<00:13:26.760> first 00:13:26.840 --> 00:13:26.850 align:start position:0% the new UI which is seeing for the first 00:13:26.850 --> 00:13:31.490 align:start position:0% the new UI which is seeing for the first time<00:13:28.430> it's<00:13:29.430> all<00:13:29.550> cleaned<00:13:29.850> up<00:13:29.970> and<00:13:30.180> nice<00:13:30.330> and<00:13:30.660> if 00:13:31.490 --> 00:13:31.500 align:start position:0% time it's all cleaned up and nice and if 00:13:31.500 --> 00:13:34.010 align:start position:0% time it's all cleaned up and nice and if you<00:13:31.590> have<00:13:31.710> any<00:13:31.920> questions<00:13:32.430> I'll<00:13:32.730> be<00:13:33.020> floating 00:13:34.010 --> 00:13:34.020 align:start position:0% you have any questions I'll be floating 00:13:34.020 --> 00:13:35.660 align:start position:0% you have any questions I'll be floating around<00:13:34.110> with<00:13:34.530> this<00:13:34.650> shirt<00:13:34.890> on<00:13:35.040> most<00:13:35.310> likely 00:13:35.660 --> 00:13:35.670 align:start position:0% around with this shirt on most likely 00:13:35.670 --> 00:13:39.050 align:start position:0% around with this shirt on most likely and<00:13:36.560> wow<00:13:37.560> that<00:13:37.770> started<00:13:38.190> a<00:13:38.250> little<00:13:38.400> rigid<00:13:38.670> but 00:13:39.050 --> 00:13:39.060 align:start position:0% and wow that started a little rigid but 00:13:39.060 --> 00:13:40.850 align:start position:0% and wow that started a little rigid but I<00:13:39.120> think<00:13:39.390> I<00:13:39.480> kind<00:13:39.690> of<00:13:39.750> moved<00:13:40.050> up<00:13:40.380> a<00:13:40.500> little<00:13:40.710> bit 00:13:40.850 --> 00:13:40.860 align:start position:0% I think I kind of moved up a little bit 00:13:40.860 --> 00:13:43.310 align:start position:0% I think I kind of moved up a little bit as<00:13:41.010> I<00:13:41.130> went<00:13:41.250> along<00:13:41.810> thanks<00:13:42.810> for<00:13:42.960> bearing<00:13:43.140> with 00:13:43.310 --> 00:13:43.320 align:start position:0% as I went along thanks for bearing with 00:13:43.320 --> 00:13:46.880 align:start position:0% as I went along thanks for bearing with me<00:13:43.500> and<00:13:43.980> I<00:13:44.550> hope<00:13:45.180> this<00:13:45.720> kind<00:13:46.320> of<00:13:46.440> made<00:13:46.590> sense 00:13:46.880 --> 00:13:46.890 align:start position:0% me and I hope this kind of made sense 00:13:46.890 --> 00:13:49.040 align:start position:0% me and I hope this kind of made sense and<00:13:47.400> it<00:13:47.700> was<00:13:47.850> a<00:13:47.880> little<00:13:48.150> lighter<00:13:48.360> today<00:13:48.660> or 00:13:49.040 --> 00:13:49.050 align:start position:0% and it was a little lighter today or 00:13:49.050 --> 00:13:53.030 align:start position:0% and it was a little lighter today or with<00:13:49.260> this<00:13:49.440> so<00:13:49.830> thank<00:13:50.430> thanks<00:13:50.880> guys