►
Description
Join FutureRant w/ Gabriel D Vine for an exclusive interview with Manfred Karrer, founder of Bisq (aka Bitsquare). We discuss the decentralized Bitcoin exchange software and its plans to blossom into a full-fledged decentralized autonomous organization (DAO).
https://bisq.io
More info:
Compensation request for genesis distribution
https://docs.google.com/document/d/1QBOLWV8zZbBV7iuw2avM1U14YJtcM7ln2k1MrfKGuwM/edit#heading=h.tfu1xur3wwf4
Bisq DAO - Overview
https://docs.google.com/document/d/1bl0GxRYDBkvcxzbgc8FR3dtHra-LJ4HmcZnG3itamQw/edit#
Bisq arbitration and mediation system
https://docs.google.com/document/d/1DXEVEfk4x1qN6QgIcb2PjZwU4m7W6ib49wCdktMMjLw/edit#heading=h.4nbd0q1s77uq
A
Hello
and
welcome
you
have
tuned
into
future
rent
with
Gabriel
Devine,
where
we
discuss
the
future
and
applications
with,
of
course,
a
an
emphasis
on
cryptography,
Bitcoin
technology
and,
of
course,
a
little
bit
wider
discussions
of
philosophy
and
the
implications
of
all
this
futurist
subject
matter,
I'm
extremely
excited
to
welcome
onto
future
rent
today
month,
vet
Caza
from
bisque
B
is
cue,
also
known
previously
as
bit
square.
They
just
rebranded.
A
It's
just
a
absolute
pleasure
to
have
somebody
on
the
show
that
I
have
so
much
respect
for
not
only
for
your
just
just
for
leading
it
square
and
this,
but
how
you've
done
the
project
and
the
rhetoric
surrounding
the
project
have
really
impressed
me.
That's
why
I
brought
you
on
the
show
today.
So
if
you
could,
please
give
us
a
bit
of
a
a
short
bio
of
yourself.
A
B
That's
actually
I
think
it's
not
a
very
unusual
history,
because
I
met
already
quite
a
few
musicians
in
this
space,
and
so
and
for
me
it's
not
a
coincidence,
because
for
me
it
has
a
lot
in
common
anyway.
Yeah
my
background
is
I
was
musician
until
the
age
of
13,
more
or
less
was
playing
cello
and
guitar
and
had
abandoned
both
electronic
music,
and
actually,
with
that
I
came
to
computers
or
to
programming.
I
was
doing
electronic
music
and
was
using
a
tool.
B
B
B
You
can
build
everything
basically
and
my
project
at
the
end
in
this
in
this
school
working
for
electronic
music
was
to
develop
a
application
where
you
can
generate
out
a
whole
composition
out
of
any
sound,
so
you
feed
it
with
any
piece
of
small
sound
of
whatever
sample,
and
from
that
you
generate
by
sampling,
you're
generating
sounds.
You
are
you're
analyzing
the
shape
after
the
volume
shape
and
they're.
Oh
it's
in
English.
If
you
live
in
Germany.
B
B
In
a
way,
or
so
when
you
have
a
longer
piece
of
music,
or
so
you
see
the
structure
in
the
in
the
development
of
the
volume
and
so
on
and
yeah,
something
like
this
and
I
used
all
this.
Basically
all
the
information,
what
this
is
any
kind
of
small
piece
of
sound
and
generate
the
whole
piece
of
music
or
whatever
five
minutes
on
there.
That
was
my
intention.
B
Work
without
the
banks
and
the
government's
cannot
work,
but
whatever
some
crazy
guy
is
called
Satoshi,
Nakamoto
I
think
went
at
this
and
yeah
I
hate
the
luck
that
I
was
reading
a
very
interesting
blog
post
I
am
for
sure,
don't
burn.
Em
I,
don't
remember
where
it
was,
but
it
was
really
for
a
broad
idea
very
to
the
point
and
I
got
immediately
very
attractive,
I
thought,
but
that
then
thought
wow,
that's
the
biggest
revolution
and
invention
since
the
internet
itself
and
will
will
change.
B
Who
has
the
potential
at
least
to
change
the
world
more
profoundly
like
any
other
political
movement
or
whatever,
because
yeah
money
is
the
central
of
power
and
when
this
technology
is
questioning
and
redefining
how
money
is
seen
and
defined
and
how
it
works
and
how
its
controlled
yeah,
then
it
touches
the
very,
very
center
of
the
power
of
the
world
that
that
system.
That's
a
very
political
issue,
and
yet
that
was
the
main
reason
why
I
was
really
attracted.
I
was
much
interested
in
the
financial.
B
The
speculative
stuff
were
so
and
I
thought
in
the
beginning:
yeah
whoo
that
C++
and
I've
no
idea
about
this.
It's
way
too
far
away
from
me,
but
I
always
wanted
to
do
something
and
once
I
quit
my
job
and
and
what
did
you
make
a
break
for
I
just
thought
one
year
now
it's
already
straining
a
half
year
and
I
cross
I
started
to
make
or
iOS
stuff
for
the
mobile
development.
But
then,
when
Apple
kicked
out
all
the
Bitcoin
applications,
then
I
got
very
clear
about
it.
B
That
isn't
not
what
I
want
to
do
and
in
this
time
it
wasn't
a
time
when
monk
dogs
and
when
it
was
to
this
price
peak
and
so
an
assault.
Yeah
I
have
to
do
something
in
the
Bitcoin
space
I'm
losing
losing
a
super,
interesting
stuff
and
doing
the
iOS
that
doesn't
make
sense.
Let's
try
to
find
anything
what
I
can
do
and
with
some
friends
I
was
a
little
bit
discussing
this
ideas
about
a
decent
price
exchange.
B
That
was
long
time
already
always
discussed
some
Bitcoin
talk
forum
and
so
on,
and
there
was
several
ideas
out,
but
no
clear
concept
and
idea
how
to
really
do
it,
and
that
was
basically
just
playing
around
and
learning
on
the
way
and
I
came
up
with
a
model.
Then,
where
I
had
the
feeling
you
it
should
work
and
I
tried
to
find
developers
who
can
implement
them.
The
concept
unfortunately
I
didn't
found,
or
fortunately
I,
didn't
found
developers.
So
I
went
further
and
thought.
Okay,
then
I
build
a
prototype,
and
so
with
the
prototype.
B
I
can
find
more
people
helping
and
working
on
the
project
that
also
yeah.
It
helped
a
little
bit.
I
found
a
few
people
then,
but
the
main
work
was
always
left
on
me
at
the
end,
and
so
it
came
that
the
prototype
became
then
a
productive
application
and
developed
further
and
I
became
bigger
and
bigger
anther
it.
The
point
of
no
return
was
already
passed,
so
I
yeah
I
got
lost
in
the
rabbit
hole,
and
a
year
ago
we
launched
this
pit
square
was
coding
this
time.
B
I
always
rejected
the
classical
funding
strategies
like
investment,
venture
capital
investment,
or
something
like
this
and
I
think
yeah,
but
it
was
very
hard
at
the
end
to
find
a
model
of
the
tower
which
is
really
decentralized
and
which
really
works
also
with
the
legal
constraints
we
security
laws
and
so
on,
and
luckily
yeah,
we
found
the
solution
which
I
think
is
yeah,
this
solid
and
works.
We
also
discussed
this
with
way
we
can
collate
it.
A
Okay,
so
for
our
listeners,
what
Manfred
is
talking
about
this
project?
Bisque?
It's
a
decentralized
Bitcoin
exchange
software.
What
it
enables
is
for
users
to
trade,
Bitcoin
and
all
coins
directly
peer-to-peer
with
each
other,
in
addition
to
allowing
the
train
of
Fiat
off
exchange,
in
other
words,
not
using
this
software,
but
nevertheless
the
the
the
trades
are
include
the
price,
for
example.
A
So
you
know
that
when
people
put
an
offer
up,
you
know
they'll
put
they'll
put
the
fiat
value,
so
the
fiat
trade
is
going
on
offline,
but
the
crypto
is
moving
within
bit
bisk,
and
so
you
run
client
software.
It
it
shoots
the
messages
and
different
things
back
and
forth.
Over
tor,
all
of
the
users
are
only
identified
as
tor
nodes
in
the
system,
so
it
is
actually
in
that
sense
anonymous,
but
if,
once
you
engage
in
a
trade,
the
fiat
side,
of
course
you
have
to
trade
bank.
A
A
However,
it's
there's
a
two
of
three
multi
signature
transaction
that
represents
the
trade,
and
so
if
somebody
tries
to
pull
a
fast
one
and
not
pay,
then
you
know
there
are,
but
a
third-party
arbitrator
is
going
to
find
in
favor
of
the
person
that
was
getting
scale
and
you
have
to
make
it
that
both
sides
have
to
make
deposits,
and
so,
if
somebody
tries
to
run
away
without
paying,
not
only
will
they
not,
you
know,
get
the
Bitcoin
that
they
work
said
they
were
gonna
buy.
They
also
forfeit
their
their
deposit.
A
So
there's
a
you
know:
there's
a
number
of
pretty
decent
safeguards
to
protect
users,
but
of
course
it's
not
a
company
and
there's
no
real
recourse.
If
you
don't
like
the
decision
that
the
arbitrator
makes
you
don't
have
recourse,
it's
not
like,
you
can
sue
them,
you
know
sue
bit
square
or
something
you
have
no
recourse
with
that.
So
it's
it's
definitely
a
bit.
You
know
flying
without
a
net,
but
people
do
use
it.
A
It's
got
quite
a
bit
of
volume,
I'm
sure
man,
Fred
can
speak
more
to
the
actual
numbers
lately,
but
it's
got
a
little
bit
of
liquidity
and
people
are
definitely
using
it.
It's
definitely
usable
people
are
trading,
US
dollars
and
euros,
and
all
sorts
of
other
currencies
from
all
over
the
world
back
and
forth,
using
Bitcoin
and
they're,
also
trading
Bitcoin
with
all
coins
and
all
coins,
I
think
with
each
other.
A
But
you
just
launched
version
0.5
a
few
weeks
ago
which
implemented
dynamic
fees,
and
now
those
problems
are
thing
of
the
past
and
users.
A
bisque
around
the
world
are
saving
lots
of
money
because
the
fees
are
a
lot
lower.
So,
can
you
talk
to
correct
anything
that
I
said
that
was
wrong
just
now,
but
also
talked
about
how
you
started:
building
the
project
yourself,
yeah.
B
A
B
Yeah
initially
I
started
with
yeah.
It
just
started
with
a
white
paper
anyway
and
discussed
this
with
several
people
on
the
forum
and
so
on,
and
after
also
one
famous
one
was
a
maitake
who
launched
in
a
little
bit
later.
The
talk
markets
protocol
was
what
you
are,
which,
which
was
very
similar
from
the
idea
and.
A
B
A
Just
want
a
little
aside
for
our
listeners,
the
the
dark
Amir
talkies,
dark
market
prototype
is
what
became
today's
open
Bazaar
project
and
open
Bazaar
is
just
about
to
launch
their
2.0
version,
which
finally
integrates
tour,
which
will
then
fulfill
the
vision
that
Amir
taki
had
was
just
to
create
a
totally
decentralized
sort
of
marketplace.
Software
yeah.
B
I
thought
it
was
a
Python
implementation,
but
then
quickly
moved
over
to
Chara,
because
I've
seen
that
area
job
is
much
more
mature
or
for
such
a
big
application.
I've
seen
that
this
will
become
beacon
and
a
complex
application
where
I
didn't
felt
safe
enough
with
with
the
language
with
a
scripting
language
like
like
partner
and
yeah
implemented.
First,
there,
the
wallet,
I
use,
Bitcoin
I'm
using
a
bit
country
and
actually
cuts
a
price
and
I
found
another
important
library
for
a
peer-to-peer
network
that
was
Tom
peer-to-peer.
B
It
was
a
PhD
as
a
distributed
hash
table
with
that
you
could
store
and
could
send
messages
in
a
peer-to-peer
network
and
with
those
two
libraries
which
bit
country
and
with
some
peer-to-peer
I,
got
very
quickly
to
a
working
where
can
make
it
trade
with
the
multisig
and
where
the
basic
trade
protocol
with
the
basic
you
I
was
already
working
after
three
or
four
months.
So
right.
A
B
A
B
Mean
there
is
a
open-source
version
out,
openjdk
or
I
mean
Java
is
a
little
bit
a
bad
reputation
because
Oracle
many
people,
many
hackers,
don't
like
the
company
or
at
all
me
included,
but
it's
a
huge
yeah.
It's
a
huge
platform
where
billion
or
whatever
millions
of
developers
and
and
companies
are
using
it.
B
It's
it's
one
of
the
most
used
programming
language
in
the
in
the
programming
industry,
so
I'm
pretty
happy
actually
to
have
choosen
Java
and
many
people
have
a
little
bit
of
wrong
impression.
They
just
know
the
security
issues
with
Java
applets
in
the
web,
which
has
nothing
to
do
with
Java
as
the
runtime
when
you
use
it
as
a
desktop
application.
Oh
yeah.
A
B
My
background
was
I
started
with
with
web
stuff,
and
then
we
saw
online
games.
That
was
my
main
or
work
for
a
while
and
then
for
bigger
companies
or
web
interfaces,
which
were
based
on
flash
and
later
flex.
So
not
the
classical
HTML
stuff
about
more
their
applications
and
quick
stuff,
because
you're,
a
flexion
flex
was
a
result.
B
A
B
What's
more
application
approach
and
as
I'm
coming
from
this
UI
development
side
and
I
was
always
fascinated
by
peer-to-peer
network
and
this
technology,
and
so
and
I
was
super
happy
to
get
now
close
in
touch
with
all
this
yeah
and
on
the
way
I
got
into
a
problem
with
this
peer-to-peer
network.
There
are
two
years
ago,
more
or
less.
It
was
working
very
well
in
controlled
environments,
but
when
we
want
to
really
use
it
in
the
open
wild
Internet,
then
we
had
quite
a
lot
of
troubles
with
not
traversal,
mainly
yeah,.
A
B
B
I,
you
have
to
configure
your
router
and
I
didn't
want
that
the
users
are
forced
to
do
some
technical
stuff,
I
wanted
that
they
just
download
double-click
and
that
works,
and
that
was
the
problem
and
yeah
actually
I
never
got
it
really
solved.
I
spent
quite
a
lot
of
time
on
this
and
and
I
moved
away
by
a
recommendation
from
a
friend
who
has
yeah
recommended
me
than
this
to
a
solution
to
use.
B
Tor
ester
network
layer
and
tor,
as
we
know,
is
perfect
with
getting
over
every
firewall,
including
some
governments
and
yeah,
and
we
said
we
got
all
the
privacy
from
tor
for
free,
and
that
was
of
course
a
huge
benefit
as
well.
So
with
that
with
that
I
had
had
their
network
problem
solved,
but
I
didn't
have
a
peer-to-peer
framework
or
so
so
I
needed
to
build
my
own
peer-to-peer
framework,
which
was
basically
similar
like
the
Bitcoin
peer-to-peer,
4
concept
or
architecture.
B
That's
a
flop,
still
network,
where
you
are
sending
out
the
message
to
all
the
users
or
to
all
the
nooses
which
whom
you
are
connected-
and
this
has
quite
a
lot
of
advantages
over
a
this-
is
a
distributed
hash
table
for
security
and
for
yeah
for
robustness
of
the
network,
because
the
THD
is
easier
to
attack
that
you
are
controlling
a
few
nodes
and
your
malicious
tenant
and
make
damage
and
satoshi
had
a
good
reason
why
he
used
this
flood-fill
network,
which
is
not
so
efficient,
but
which
gives
much
more
censorship,
resistant
and
security.
What's.
B
So
that
this
type
of
architecture
is
called
flood,
fill
or
flood
fill
but
fill
yeah,
okay
boss,
if
network-
and
it's
basically
means
like
yeah
you're
connected
with
ten
peers,
when
you
have
a
message,
you
send
it
to
all
your
ten
peers
when
it's
a
message
which
is
intended
for
all
the
peers
like
I
offer.
When
you
create
an
offer,
you
send
it
to
all
your
ten
beers
every
other
who
receive
it,
send
it
again
to
all
the
other
and
it's
redundant.
A
B
B
Don't
need
to
do
anything,
it's
runs
and
application
and
the
user
don't
see
anything
from
to
I,
basically,
don't
need
to
setup
anything.
It
works
very
well.
I
got
very
few
reports
of
problems,
of
course,
with
with
any
application
you
in
some
operating
some
machines.
There
are
always
some
problems.
You
never
get
hundred-percent
about
the
Ides.
What.
A
A
So
a
year
ago
you
launched
you
know
the
beta
or
alpha
or
whatever,
and
it's
been
being
used.
You
know
you
had
this
fee
issue,
which
was
causing
some
some
stumbling
blocks.
That
was
like
a
relatively
major
drawback
that
is
now
gone,
and
so
now
your
next
step
is
to
move
forward
with
the
DAO
now
distributed
autonomous
organization.
It's
got
a
really
bad
rap,
because
this
big
scam
thing
that
was
made
to
last
year
named
themselves.
A
The
dow,
even
though
dao
is
a
very
general
concept
and
their
code
was
horrible,
as
everyone
said
it
was,
and
a
bunch
of
people
piled
their
money
there
ether
into
it,
which
was
completely
stupid,
and
then
they
only
lost
it.
It
led
to
a
hard
fork
and
aetherium
it's
just
this
huge
mess
and
I'm
it
gave
people
like
a
bad
taste
in
mouth
about
da
OS
and
a
lot
of
people.
Even
you
know,
people
I
consider
very
intelligent.
Have
you
know
made
comments
to
the
effect
that
da
OS
are
scams?
A
There's
no
use
cases
for
them,
and
I
have
been
disagreeing
with
them.
The
whole
time
I
think
da
OS
have
an
extremely
bright
future
and,
in
fact,
I
think
that
da
OS
are
actually
going
to
take
over
enormous
swaths
of
the
world
economy.
I
think
da
OS
are
gonna,
be
sort
of
the
new
way
that
industry
organizes
with
extremely
distributed
ownership,
because
it's
so
powerful,
but
it
requires
you
know
quite
a
number
of
advances
in
philosophy
and
in
some
cases
technology.
A
It's
really
I
had
I'm
a
little
bit
surprised
that
it
took
until
2017
for
me
personally
to
see
a
dao
that
I
thought
was
genuinely
had
potential
to
go
in
and
be
a
functioning
ecosystem
like
like
think
of
a
mechanism
or
engine
is
the
way
I.
Think
of
a
dao
and
that's
sort
of
self.
You
know
perpetuating
and
I
didn't
other
than
Bitcoin,
which
is
in
a
sense,
a
distributed.
Autonomous
organization.
I
really
haven't
seen
any
proposals
that
that
resonated
with
me
as
something
genuinely.
A
A
In
this
case,
it
happens
to
be
you
know,
the
development
and
you
know
flourishing
of
a
bit
of
a
decentralized
Bitcoin
exchange.
As
far
as
I'm
concerned
a
Dao
could
be,
you
know,
you
know
creating
it
could
be
a
you
know.
A
flower
garden
or
you
know
you
know,
manufacturing
takes
I
mean
it
could
be
anything.
It
just
has
to
have
the
right
incentives
and
the
right
structures-
and
in
this
case
you
I've
you've
created
this
concept.
A
Of
course,
it
hasn't
launched
yet
created
a
concept
that
I
think
has
some
some
some
features
that
other
daos
will
probably
adopt
now.
I
just
want
to
tell
the
audience,
give
the
audience
a
bit
of
a
feel
of
how
I
see
the
DAO
and
I'd
love
to
be
corrected
of
anything
I
get
wrong
by
you
mantra.
So
you
know
this
distributor.
That's
honest
organization
is
a
way
for
bisque
to
move
forward
and
fund
its
own
development
and
also
fund
its
own,
even
marketing,
and
anything
that
you
would
maybe
associated
with
a
company
nowadays.
A
Other
than
you
know,
profit
takers
at
the
top
and
anything
centralized
is
something
that
you
will
generally
need
for.
A
project
you
know
you
need
human
beings
to
do
labor
in
this
case,
writing
software.
Doing
marketing,
doing
branding
design,
use
your
interface,
design,
development
of
all
sorts
of
types.
You
need
human
beings
to
do
things
and
you
need
to
compensate
the
human
beings
for
their
time
and
effort.
So
what
the
you
know,
what
any
Dao
is
gonna
need
is
a
system
to
make
that
work
in
the
case
of
the
bisque
Dao.
A
Instead
of
doing
this
totally
misaligned
ridiculous
practice
of
an
initial
coin
offering,
which
is
just
opening
huge
doors
to
scams,
Manfred
has
taken
a
much
and
hit
non
frenemy
and
other
contributors
who
have
you
know
you
know
conceptualized
and
helped
him
with
this
white
paper
have
decided
that
they
want
to
have
an
issuance
of
a
token
that
is
done
in
a
moderately
decentralized
fashion.
To
begin
with,
and
no
initial
coin
offering
just
an
issuance
that
everybody
is
agreeing
on
from
the
start,
and
so
this
issuance
is
a
bsq
token.
A
It
does
not
have
its
own
blockchain,
it's
colored
Bitcoin,
each
bsq
token
is
a
unit
of
a
thousand
satoshis
and
the
token
provides
three
functions.
You
pay
contributors
with
it
there.
You
know
the
DAO
itself
votes
on
this,
and
it's
also
the
bsq
tokens
are
used
as
the
voting
chips
for
governance
and,
in
addition,
it's
in
a
sense
like
an
app
coin
in
that
users
of
bisque
save
90%
on
trade
fees
in
you
when
they
use
bisque
by
using
the
bsq
token
instead
of
just
plain
Bitcoin.
A
So
that
is
the
in
a
nutshell:
the
DAO
are
the
stakeholders,
in
other
words,
people
who
have
bsq
tokens,
use
them
in
a
monthly
voting
phase
to
decide
all
sorts
of
stuff
and
one
of
the
things
that
they
decide
every
month
is
who
gets
the
new
bsq
tokens
that
will
be
created
and
when
you
spend
bsq
tokens
on
trades
in
bisque
for
your
trading
fees
they
get
destroyed.
And
then,
when
you
have
the
voting
phase,
the
people
that
get
approved
for
new
bsq
token
creation
actually
create
them
themselves.
A
B
B
You
don't
need
to
do
anything
manually,
of
course,
but
the
application
rates,
this
Bitcoin
transaction,
with
normal
Bitcoin
input
at
a
small
amount
of
Bitcoin
and
a
small
amount,
basically
of
Bitcoin
output.
But
at
the
moment
after
the
voting
is
complete.
When
you
get
accepted,
this
Bitcoin
output
will
be
interpreted
as
a
color
coin
at
the
vsq
and
has
much
more
well.
You
like
the
underlying
Satoshi
value,
and
with
that
we
have
really
a
decentralized
issuance
model
where
nobody,
no
foundation,
yeah.
It's
it's
decided
by
those
who
are
voting.
Those
who
are
writing.
A
And
so
so,
when
you
propose
for
it's
a
when
a
node,
so
these
are
all
you
know,
this
could
totally
be
completely
anonymous.
You've
got
your
bit
your
bisque
software
open
and
you've
got.
You
know
this
is
built
into
the
software.
You
want
to
make
a
proposal
for
you
to
get
the
new
issue.
It's
a
bsq
tokens.
You
actually
have
to
do
that
with
this
transaction.
If
it
gets
approved,
then
that
then
the
software
network
sort
of
sends
sends
the
data
through
and
and
and
like
approves
it
and
makes
the
colored
coin
itself.
A
B
It's
verified
by
every
client.
Every
bit
client
will
verify
the
whole
process
sort
of
devoting
the
voting
data.
So
when
people
are
voting
on
acceptance
of
Enriquez
or
other
parameters
of
the
Dow,
those
voting
data
will
be
stored
on
the
blockchain
in
an
opera
journal
data
structure
and
they
are
published
in
the
also.
Nobody
can
fake
this
data
there
in
the
blockchain
right
and.
B
Exactly
and
every
user
is
collecting
this
data
from
the
Opera
turn
in
their
application
and
running.
It's
basically
like
a
smart
contract,
but
I
don't
use
this
term
because
it's
so
hyped
and
their
people
understands
strange,
fantasy
things
and
at
the
end,
it's
it's
not
so
something
special.
It's
just
code
which
gets
executed
in
a
peer-to-peer
system
which,
which
is
routed
to
a
to
trusted
data
service
and
we're
using
the
block
chain
for
this
trusted
data
sort
so
and
that's
important
stuff.
We
don't
need
et
reom
to
make
all
this
execution
of
the
smart
contract.
B
All
this
code
like
verifying
their
voting
and
summarizing
the
result
of
the
voting.
That
would
be
super
expensive
and
doesn't
make
sense,
because
why
any
node,
which
has
nothing
to
do
with
bisque,
should
run
this
code.
It's
only
interesting
for
the
ecosystem
of
bisque
and
that's
all
their
users,
all
the
token
holders.
They
are
running
the
application
and
they
are
doing
all
the
verification.
They
are
collecting
the
data
what's
required
and
they
are
basically
trust
Leslie
or
so
they
don't
need
to
trust
anybody.
B
They
can
run
themselves
a
Bitcoin
core
node
and
then
they
are
completely
trust.
Less
most
people
will
not
do
this
and
then
they
are
getting
the
data
from
the
network
yeah,
but
it's
a
little
bit
like
HPV,
also
like
a
simple
verification
protocol.
It's
not
so
hundred
percent
trust
less
but
good
enough,
and
you
get
the
convenience
that
you
don't
need
to.
We
have
to
set
up
local
node,
and
so,
if.
A
B
Or
when
you
are
running
your
local
Bitcoin,
core
node,
you
are
getting
all
this
data
from
the
Bitcoin
blockchain
over
your
local
nodes
who
don't
need
to
trust
their
yeah,
the
seed
node
for
the
all
the
other
who
are
running
the
light
version.
They
get
the
data
from
the
seed
node,
but
there
are
minimum
four
or
more
seed
nodes
in
future
run,
operated
by
different
developers
and
when
just
one
seed
know
this
out
of
sync
and
deliver
a
different
state
of
the
data.
B
B
Yeah,
a
normal
user,
is
you
don't
need
to
use
psq
and
don't
need
to
know
anything
about
this?
It's
just
an
additional
feature
for
for
our
core
users
who
want
to
get
cheaper
trading
fees
and
who
want
to
be
part
of
the
Tao
and
when
they
want
to
be
bad
or
those
who
are
working
on
the
project,
then
they
gotta
move
to
one
menu
in
the
application
and
it's
everything
integrated
their
volley
up
to.
A
It
right
right,
so
that's
great,
so
I'd
like
to
actually
be
backups
a
second
because
something
you
mentioned
there,
I
really
want
to
emphasize,
and
that
is
that,
technically
speaking
on
a
philosophical
or
you
know,
in
a
pedagogical
basis,
you
might
say
this
is
an
example
of
a
smart
contract
infrastructure,
but
because,
if
theory
is
a
network
where
smart
contracts
live
directly
in
the
blockchain,
people
think
that
you
know
smart
contracts
have
to
do
that,
and
that's
absolutely
not
the
case
and
in
fact,
Vic.
You
know
hardcore
bit
corners
myself
included.
A
Certainly
Satoshi
Nakamoto
were
very
clear
about
the
fact
that
they
wanted
to
have
as
little
data
in
the
blockchain
as
possible
so
that
it
could
be
as
secure
and
solid
and
sound
as
could
possibly
be
made,
and
that
if
you
want
to
do
sophisticated
software
using
Bitcoin,
you
build
it
in
a
layer
on
top
and
bit
square
disk
nowadays
is
a
perfect
example
of
a
layer,
2
solution.
It
utilizes
another.
You
know
peer-to-peer
network
that
isn't
the
Bitcoin
one,
although
it
works
very.
Similarly,
it's
a
different
one.
A
It
hits
the
blockchain
when
it
needs
to,
but
otherwise
it's
just
shooting
messages
across
the
internet
back
and
forth,
which
can
handle
huge
volume.
So
the
people
are
just
that.
You
know
the
clients,
you
know
everybody,
the
peers
are
just
their.
Software
is
just
talking
to
each
other
over
the
internet
and
then,
if
some,
if
somebody
says
yes
I
submit-
and
you
know,
the
UX
of
bisque
is
great
because
it
asks
you
to
you
know,
confirm
your
trade
and
things
like
that.
So
you
actually,
okay,
cool
I,
confirm
boom.
A
That's
when
the
transactions
finally
get
broadcast
to
the
Bitcoin
network.
So
it's
offloading
huge
amounts
of
important
communications
off
the
Bitcoin
network
itself
and
out
of
the
Bitcoin
blockchain,
only
just
the
things
that
need
to
be.
You
know,
approved
by
a
database
that
everybody
agrees
on
needs
to
hit
the
blockchain.
All
this
other
stuff
can
live
in
your
clients,
not
nearly,
as
you
know,
security,
sensitive
and
what
I
mean
it's.
It's
privacy
sensitive,
but
the
security
and
soundness
isn't
quite
as
intense,
but
nevertheless
you're
using
cryptographic
protocols.
A
In
order
to
issue
these
tokens,
the
voting
is
all
done
totally
cryptographically.
I
mean
you
could
do
civil
attacks
and
attack
the
network,
but
you
could
never
fake
the
voting,
because
it's
totally
decentralized,
so
I
think
that's
a
really
great
point
and
bisque
is
a
perfect
example
of
the
types
of
things
that
Bitcoin
enables
without
having
to
know
anything
at
all
about
it.
It's
the
classic
software
principle
of
separation
of
concerns.
A
Where
you
don't
try
to
squish
everything
into
one
function,
you
break
out
all
the
functionality
into
separate
pieces
that
you
can
then
test
and
secure
separately,
thereby
increasing
the
efficiencies
and
many
other
things.
So
that's
a
really
important
point
that
you
brought
up
there
so
now
I
want
to
talk
a
bit
more
about
this
bsq
token.
So,
first
of
all,
my
very
first
question
is
why
a
thousand
Satoshi's,
and
not
one
Satoshi,
for
the
base
value
of
the
bsq
token.
That's.
B
That's
not
super
important
I
mean
the
main
reason
is
to
have
a
reasonable
price
and
as
for
transferring
a
amount
in
Bitcoin,
there
is
the
dust
limit
at
2700,
Sergei
Satoshi.
You
cannot
send
500
Satoshi
to
somebody
that
will
not
be
accepted
accepted
by
most
notes.
So
when
we
would
say,
1
Satoshi
would
be
one
PSU
which
was
actually
initially
planned.
Then
you
would
have
the
minimum
amount.
What
you
can
send
this
2730
yeah
I
put.
Everything
would
be
much
larger.
It's
like
with
all
coins.
B
Some
Alcuin,
like
Dutch,
have
a
crazy
in
denomination
and
you're
dealing
with
millions
or
billions
and
I.
Personally,
don't
like
this,
because
I
am
bad
with
remembering
the
numbers
of
series
I
prefer
to
keep
it
close
to
the
to
the
fiat
money.
So
then,
when
one
unit
of
a
token
is
somehow
around
1
euro
or
10
euro,
something
around
this
or
0
come
upon.
Europe
I
feel
more
comfortable
but
like
when
it's
a
sarcoma
series-
euro
1
euro
or
like
when
it's
10000
euro
Oh
stunt
work.
Well,
so.
B
When
you
are
transferring
psq
the
minimum
amount,
what
you
can
send
to
another
peer
is
then
this
2.73
psq,
which
is
technically
2,700,
sir
at
least
auto-ship,
but
another
important
part
is
like:
when
paying
the
trading
fee.
We
are
giving
yeah,
we
are
invalidating
some
amount
of
of
psq,
and
for
that
we
don't
have
this
limit
because
we
are
giving
it
to
the
technically
and
for
giving
something
to
the
miner.
You
don't
have
any
limit.
B
You
can
give
some
small
amounts,
like
1
Satoshi
pay
up
here,
trading,
clear
once
a
tortious
0,
comma
0,
0,
0,
1,
PS
q,
to
the
mining
fee
and,
of
course,
it's
difficult
to
say
what
will
be
the
value
of
1
vs
q.
We
don't
know
yet
before
the
market
is
open
before
people
are
trading
it,
but
ruff
I
mean
when
it
put
in
one
extreme
that
the
project
will
get
evaluated
like
completely
crazy,
like
this
ICO
is
what's
going
on
and
additionally,
the
Bitcoin
price
will
go
very
high.
B
A
B
A
B
Yeah,
of
course,
when
Bitcoin
goes
to
the
roof
and
has
100,000
euro
one
bit,
could
then
we
also
getting
slowly
to
a
problem
area
so
opposed
need
to
happen
when
yeah
when
the
winter
broke,
the
value
of
the
project
would
be
a
few
hundred.
Millions
and
Bitcoin
would
be
hundred
thousand
one
bit
print
and
we
have
a
little
bit
of
problem
and
we
need
sure
change
it,
but
it's
technically
possible
to
change
it's,
not
a
big.
It's
a
happy
problem
at
the
end,
exactly.
A
The
easy
one
so
so,
coming
back
to
the
minor
thing
that
you
said,
I
was
under
the
impression
that
when
you
pay
mining
fees
in
so
now
the
bsq
token
being
used
for
trading
fees.
Now,
when
you
say
trading
fees
on
bit,
bisque,
that's
not
the
same
as
Bitcoin
mining
fees
that
you
pay
for
transactions.
Is
it
that's.
B
That's
on
top
of
this,
and
at
the
moment
it's
yeah,
we
have
a
dynamic
female
which
is
depending
on
the
amount,
what
you
trade
and
on
the
distance
to
the
market,
because
we
think
that
when
you
create
an
offer
with
zero
percent,
also
exactly
on
the
market
very
yeah,
it
was
a
very
good
price.
Basically,
then,
usually
it
gets
taken
quickly.
You
are
you're
giving
a
value
to
the
project
when
you
create
an
offer
with
20
percent
the
distance
to
the
market
price,
you
want
to
make
a
big
deal.
B
Yeah,
probably
the
offer
will
stick
very
long.
It
creates
costs
for
a
network
because
yeah,
it's
peer-to-peer
network,
everybody
is
sharing
this
data
and
so
on,
and
it
doesn't
give
a
lot
of
value
to
the
network,
because
probably
nobody
is
interested
to
buy
Bitcoin,
which
is
20
percent
different
to
the
market
price.
So
when
you
are
very
far
away,
you
pay
a
higher
trading
fee.
B
B
So
actually
you
pay
a
little
bit
less
mining
fee
from
that
what
you
are
burning
so
that
the
Bitcoin
value
doesn't
get
destroyed,
or
so
it's
just
that
when
you
pay
it's
500
PS
q
is
the
default
fee,
and
this
500
PS
Q
will
be
used
as
500
bitcoins,
at
our
shape
for
the
mining,
P
and
but
you
have
lost
and
500
PS
q
and
because
the
subtotal
supply
of
the
PS
q
will
be
less
of
this
zero
alpha.
Ps
q
are
hundreds
of
she's
half
a
base
q.
B
A
B
A
B
Arbitrate
days,
it's
also
a
contributor
so
depending
how
much
the
arbitrator
will
earn
with
Bitcoin
fees
the
rest,
what
you
want
to
earn,
he
will
make
them
a
request.
I
mean
there
will
be
then
some
formula
that
case
you
get
a
certain
amount
and
and
when
this
is
not
covered
by
their
by
the
fee,
what
he
got
in
Bitcoin
there
are
difference.
He
will
then
make
a
request
and
get
paid
like
any
contributor
in
bsq,
and
we
could
extend
this
later.
B
So
when
the
fee
payment
in
Bitcoin
to
the
arbitrator
would
be
more
like
what
he
should
run,
then
we
will
include
other
contributors
to
this
fee
payment
as
well,
but
that's
not
in
yeah.
We
don't
think
that
will
happen
soon
and
when
we
can
do
it
anyway,
when
it
will
be
required
that
every
contributor
from
one
issue
in
cycle
or
the
every
month
is
such
a
periodic
issuance
and
all
those
contributors
would
be
then,
depending
on
their
on
their
amount,
what
they
receive.
A
Subject
to
touch
on
that,
I
definitely
wanted
to
talk
about
with
you,
and
you
mentioned
that
when
some
users
on
disk
use
bsq
tokens
to
pay
their
trading
fee,
those
get
flushed
out
of
the
system
essentially
and
get
sort
of
D
colored
and
they
lose
their
standard
that
those
satoshis
lose
their
status
as
BS
q
tokens
they
go
to
the
miners
as
a
regular
feed
confit.
Those
BS
q
tokens
are
then
destroyed.
The
supply
goes
down.
Everybody's
BS
q
tokens
are
theoretically
worth
a
little
bit
more
now.
A
What
is
the
long-term
issuance
model
or
not
issue
in
smile?
Obviously,
we
know
how
it's
done,
but
what
about
the
numbers
like?
What
is
the
thought
behind
how
the
supply
of
bsq
tokens
will
grow
and
shrink
over
time?
Are
you
planning
to
sort
of
grow
make
it
grow
so
that
it's
habit?
For
example?
What's
the
balance
between
the
issuance
model
where
compensator
excuse
me?
Contributors
are
compensated
in
bsq
tokens
and
the
destruction
cycle,
which
is
only
use
on
the
platform,
so
you've
got
a
sort
of
relationship
there,
where
it's
kind
of
nonlinear.
A
B
Instead
of
creating
vsq
out
of
Bitcoin,
they
are
breaking
or
they're
bringing
it
back
to
the
Bitcoin,
so
they
are
reducing
the
supply
of
BS
cube
and
they
are
creating
a
deflationary
pressure
and
it
depends,
of
course,
how
much
or
money
is
flowing
in
from
there
and
that's
basically
the
revenue
of
the
project.
So
when
you
take
any
exchange,
we
made
some
market
analysis
from
related
projects
and
so
on.
B
B
B
We
are
working
the
project
or
whatever
I
mean
then,
and
every
every
stakeholder.
Every
everybody
who
owns
tokens
can
be
part
of
this
management
because
everybody
has
to
vote
to
accept
contribution
requests.
They
can
make
themselves
contribution
requests.
So
when
a
developer
say
yeah,
that's,
what's
going
on
there,
yeah
then
he's
invited
to
make
it
better
and
join
and
show
how
it
should
be
done
and
I
think.
That's
of
course
it's
an
open
model.
B
Nobody
knows
how
it
will
place
out,
but
actually
it
it
depends
on
the
people
when
there
are
enough
motivated
and
right
minded
people
who
see
the
value
in
this
idea
and
help
and
join
and
be
constructive,
we're
very
happy
with
the
feedback
and
criticism
and
make
it
better
over
time.
I'm
completely
aware
that
the
model
is
not
perfect
in
the
beginning,
it
has
to
evolve-
and
it's
very
clear
for
me
that
it
said
I
stated
it
in
the
document.
Code
is
not
law
and
what
we
are
stating
here
will
change
over
time.
B
A
So
you,
so
you
really
don't
know,
because
this
is
it's.
It's
really
like
I
said
nonlinear,
like
the
relationship
between
the
amount
of
human
beings
that
are
requesting
new
issuance
of
bsq
to
compensate
them
for
contributing
to
the
project
and
the
actual
users
just
spending
their
bsq
tokens
on
trades
that
those
are
not
directly
related
at
all.
It's
very
indirect
I
mean
yes,
they're,
they're
related
in
the
sense
that
they
have
an
effect
on
the
supply.
That
is
in
opposite
directions,
but
they
really
don't
have
much
to
do
with
each
other
on
an
economic
basis.
A
A
Right,
that's
that's
true
that
that's
I
didn't
catch
that
you're
right,
so
you're,
expecting
inflationary
pressures
in
the
beginning,
as
the
project
is
getting
off
the
ground
and
then
later
you're,
possibly
expecting
a
bit
of
deflationary
pressure.
As
there's
you
know,
as
the
use
of
the
platform
increases
greatly
over
time,
but
the
contributors
maybe
are
let's
say
the
contributors
are
growing:
arithmetic,
aliy.
You
know
you
got
ten
one
day.
Thirteen
the
next
17
the
next,
but
the
users
might
grow
ten,
a
hundred
a
thousand.
A
B
It's
actually
one
thing:
what
I'm
a
little
bit
concerned,
because
the
costs,
as
you
said
it
will
grow
linearly.
When
we
have
or
I
mean
at
the
moment
we
have
more
or
less
20,000
users
who
are
downloading
every
release.
When
we
have
2
million
users,
we
have
maybe
10
times
more
people,
but
we
will
not
have
100
times
more
people,
but
the
revenue
will
be
hundred
times
higher.
A
B
B
B
I
mean
one
limit
whiskey
for
the
for
a
fee
payment.
We
cannot
go
lower
like
one
Satoshi,
but
there
might
be
different
models
wanting
it
that
we
are
decreasing
the
fee.
So
when,
when
we
have
two
million
users
yeah,
maybe
we
decide
and
also
the
fee
will
be
decided
by
the
watching,
maybe
the
maturity
of
the
users
of
the
stakeholders,
our
users
and
they
want
to
have
low
fees.
And
then
they
say:
okay,
let's
lower
the
fee,
we
don't
need
to
run
so
much.
B
We
want
to
use
the
platform
and
I
think
that's
actually
really
a
very
different
concept
like
normal
startups
and
so
on.
They
are
they're
based
on
profit,
profit,
maximization,
that's
the
core
of
capitalism
and,
in
my
opinion,
at
the
Dow
and
ICAO
a
little
bit
back
and
late
nineties
I
observed
the
project
which
was
called
Google,
which
will
eat
itself
from
a
Swiss
artist,
and
it
was
fantastic
idea.
B
B
Google
is
putting
out
by
the
at
advertising
and
buying
the
company
because
he
thought
that
such
important
infrastructure,
like
Google,
should
be
the
hand
of
all
the
users
and
all
the
people,
and
not
the
commercial
company
which
is
based
on
profit
maximization
and
not
based
on
a
common
common
good.
So
after
people
who
for
yeah
who
are
using
it-
and
that
was
for
me
actually
yeah-
one
of
the
core
ideas
of
a
Dow
and
I
always
wanted
to
build
something
in
a
project.
And
so
and
I
did
some
similar
models.
B
B
B
How
we
want
to
use
the
money
in
the
system
and
the
money
becomes
really
a
functional
element
in
the
infrastructure
and
in
the
economy
and
will
create
a
path
depends
on
the
people,
but
it
can
create
also
a
new
yeah
and
how
to
say
the
new
definition
of
how
markets,
how
capitalism
works,
because
it
doesn't
need
to
work
always
on
profit
maximization,
because
some
people
they
are
happy
when
they
earn
enough
to
have
makes
a
living
and
they
want
to
do
something
which
as
well.
Well
you
many
people
who
are
earning
enough.
They
have.
B
They
have
got
a
crisis
that
they
say:
hey,
yeah,
I'm
working
for
it
is
company
doing
for
the
work.
I
know
I'm
I'm
doing
stuff
which
doesn't
make
the
world
a
better
place.
Why
I
have
to
luxury
that
I
quit
my
job
and
do
something
we're
really
belief
on
and
we're
I
think
that
makes
sense.
That
makes
the
world
a
better
place
and
you.
A
Know
I
think
I
think
in
a
sense,
that
is
a
false
dichotomy,
because
you
know
you
you've
got
you
know.
You've
got
profit
on
one
side
and
you
know
the
common
good
on
the
other,
but
I
think
if
you
are
clever
you
can
you
have
things
like
conscious
capitalism,
where
you've
got
somebody
who
comes
up
with
a
profit
model?
A
That
is
also
also
happens
to
be
in
the
common
good,
so
I
love
the
fact
and
that's
I,
think
that's
and
by
saying
that
I'm
not
countering
actually
anything
you're,
saying
in
fact,
I
think
daos
are
a
perfect
example
of
that
you
actually
are
maximizing
profit
for
the
most
people.
It's
just
not
centralized
and
concentrated
in
a
the
top
of
a
pyramid.
Instead,
you
have
a
network
where
all
the
nodes
are
actually
getting
all
that
profit.
A
So
if
you
are
to
analyze
the
profit
model
of
a
network
in
comparison
to
a
hierarchy,
it
may
produce
a
billion
times
more
profit.
It's
just
that.
Maybe
none
of
the
nodes
are
as
rich
as
the
peak
of
the
hierarchy
guy
but
on
the
whole,
maybe
you've
got
you
know
way
more
because
you've
got
reads:
law
and
Metcalfe's
law.
I
was
just
tweeting
about
this.
Yesterday
I
did
a
mini
tweet
storm
about
you
know
the
Bitcoin
value
like
network
value.
A
Math
is
insanely
huge
people
don't
realize
that
how
how
what
a
difference
networks
are
now
I'm,
not
saying
that
that
reads
law
is
gonna
is
going
to
determine
the
price
of
Bitcoin.
If
it
was,
you
get
numbers
that
are
so
high
that,
like
it's
more
than
the
atoms,
the
universe
and
stuff,
but
I'm
still,
you
know
it's
it's
it's
very
powerful
and
this
whole
concept
is
great.
So
keep
keep
talking.
Yeah.
B
They
just
want
to
have
enough
to
pay
all
what
they
cannot
do,
like
developers
or
specialists,
who
are
doing
some
special
stuff
that
they
are
motivated
enough
to
work
for
the
project,
because
when
you
don't
pay
them,
you
don't
find
enough
altruistic
motivated
people
who
work
for
free
and
they
want
to
make
they
want
to
get
the
best
platform,
the
best
features
and
so
on.
And
of
course
they
want
to
earn
some
money,
but
when
basically,
they
are
funding
it
themselves
or
with
the
trading
fee
they
want
to.
B
They
don't
want
to
have
our
uber
style,
profit,
maximization
or
whatever,
because
it's
not
one
person
or
yeah.
If
you
have
a
small
group
of
investors
who
are
taking
all
the
profits,
it's
all
the
users
who
are
and
all
the
stakeholders
in
the
Dow
who
are
basically
they're
benefiting
from
the
profit.
What
comes
in
and
who
are
sharing
and
who
are
designing,
how
much
and
how
it
should
look
like
yeah.
A
That's
what
that's
why
the
idea?
The
concept
of
the
era
was
so
powerful
and
it's
something
that's
enabled
by
Bitcoin.
In
a
way
you
couldn't
have
done
this
before
Bitcoin
and
you
know
by
Bitcoin,
is
sort
of
shunting
value
into
open
source
software
into
the
open
source
software
world
from
from
electricity
right,
so
they're
they're
spending.
The
miners
are
expending
this
power
from
the
from
the
world
of
atoms
and
that
value
is
getting
shunted
into
the
world
of
bits
and
it
can
and
it
moves
around
light
and
fast.
A
It
creates
all
sorts
of
incredible
possibilities
for
organizing
incentive
around
common
goals,
and
obviously
this
is
a
project.
That's
you
know,
directly
involved
with
moving
value
around,
so
the
possibilities
for,
for
you
know,
creating
a
system
like
this
that
has
incentives
that
are
strong
is
is
a
little
bit
clearer
than
maybe
other
open-source
software
projects,
but
I
think
even
with
others.
Open-Source
software
projects,
what
we
many
people
in
our
world
have
lost
sight
of.
A
A
Money
is
a
symbol
for
effort,
that's
gone
into
the
world
that
other
people
value
and
like
software
that
is
useful
to
people,
it's
something
that
they
value,
and
so
you
can
always
bring
in
a
monetary
element
into
it
in
order
to
make
it
work
in
a
sort
of
in
a
Dao
type
setting
like
this,
and
so
it's
really
exactly
the
type
of
thing
that
I
was.
You
know
what
part
of
my
mind
blow
in
2013.
A
B
B
Is
it
what
that
money
is
a
transition
or
technology
and
I
think
we
can
go
to
a
much
more
rich
meaningful
of
what
we
are
calling
now
money
I
would
prefer
to
call
it
value,
exchange
or
flow
for
value
to
a
token,
a
tool
for
exchanging
and
for
making
yeah
the
flow
of
value
cross
boundaries
possible,
because
you
don't
need
it
in
a
family
and
in
a
group
of
friends,
because
you
have
your
social
exchange
of
value.
That's.
B
But
when
you
are
trading
with
when
you're
exchanging
with
random
people
on
the
Internet
yeah,
that's
all
missing
and
you
need
some
proper
system
like
Bitcoin
to
heaven
and
a
possibility
to
exchange
value,
and
we
are
actually
doing
it
with
a
towel.
I
made
a
request
for
all
the
people
who
have
contributed
anything
if
they
have
if
they
have
been
public
on
the
forum
and
the
social
networks.
If
they
have
developed
something
a
translate.
B
A
B
B
We
want
to
wait
a
little
bit
more
to
get
a
little
bit
better
picture,
how
the
Bitcoin
network
will
look
like
in
August,
because
when
there
would
be
a
fork
or
whatever
it
would
be,
also
Forks
in
the
tower,
and
it
would
be
quite
messy.
So
we
will
delay
the
launch
of
the
tower.
Probably
it
depends
how
it
plays
out
in
August
as
soon
as
equities
activated.
B
We
are
ready,
basically,
and
that
doesn't
mean
that
we
are
using
Socrates
just
that
when
we
are
when
we
don't
have
a
risk
that
there
is
a
fork
in
in
Bitcoin,
and
with
that
we
are,
we
will
extend
this
time
for
people
who
can
make
a
request
for
their
contribution.
Many
people
still
have
not
read
our
forum
and
so,
and
that
even
had
time
to
make
a
lot
of
promotion.
For
this,
so
everybody
is
invited.
B
We
really
have
the
intention
to
make
a
very
wide
distribution,
a
few
hundred
people-
we
don't
know
exactly
the
number,
but
something
like
three
four
hundred
is
to
go,
and
anybody
like
a
friend
of
mine,
said
the
other
day.
This
now
is
their
native
form
of
the
native
funding
model
for
open-source
projects
most
open-source
projects.
They
are
lacking
that
they
they
don't
get
paid
for
anything
because
they
of
news
but
other
projects
who
are
making
a
lot
of
money
with
their
library
with
the
soft.
B
But
they
when
they're
not
running
themselves,
a
company
or
whatever,
where
they're
using
this,
they
don't
make
money
and
I.
Think
that's
really
a
pity,
because
there's
so
much
potential
and
many
more
people
would
contribute
to
this
economy,
to
this
open
source
economy
and
sharing
economy.
When
there
would
be
a
revenue.
A
B
I'm
pretty
optimistic
and
a
siege
already,
since
we
started
the
publishing
of
that
out,
Pape
and
compensation
request.
We
got
a
few
new
developers
who
are
super,
active
and
I
think
there
are
quite
a
lot
of
people
who
are
really
motivated
and
that's
a
good
thing.
It's
a
kind
of
filter.
We
are
getting
the
people
who
really
like
this
idea,
who
were
motivated
and
as
everybody
in
a
company
knows
those
people
who
are
highly
motivated.
B
They
produce
much
much
more
well
II
like
another
who
is
just
seen
for
the
money
and
yeah
and-
and
that's
also
for
me-
I
mean
people
didn't
expect
this
I.
Never
there
was
never
a
promise
that
we
are
doing.
This
I
was
always
a
plan
from
the
very
beginning,
but
it
was
never
clear
if
we
ever
can
do
it,
and
so
it
was
never
a
promise
for
a
reward
or
whatever
and
yeah.
It's
a
it's
in
for
me
to
count
the
model
to
discrete
driven
models.
B
Who
are
we
see,
unfortunately,
way
too
much
in
the
ecosystem,
especially
the
eye
cos
or
a
like.
We
mentioned
before
the
adhering
the
Dow,
which
was
a
completely
disaster
and
by
the
way
I
I
tried
to
find
another
name
for
the
biskits
out
and
used
another
name
initially,
I
called
it
sooner.
Jetta
corporation
cinco,
but
yeah
I
saw
that
people
don't
understand
it
and
they
I
always
need
to
explain
it.
Then
at
the
power
was
already
somehow
it's.
B
B
It
expresses
very
good
what
it's
about
and
I
think
it's
it's
yeah,
it's
well
II
to
try
to
to
prove
that
the
system
can
work
when
it's
not
driven
by
greed,
but
when
it's
room
by
the
real
bad
idea
that
it's
it's
written
by
the
intention
to
have
a
community
that
the
community
is
the
ownership
and
the
minute
the
managers
of
the
project.
Writing.
A
B
A
So
I
want
to
come
back
to
a
couple
of
nuts
and
bolts
things
actually
right
now.
First
of
all,
one
thing
that
occurred
to
me
was
you:
we
were
mentioning
the
trading
fees
and
saying:
okay,
we
can
change
the
trading
fees
through
the
voting
process,
but
what
about
a
floating?
You
know
fee
market
for
arbitrators
in
bits
bit
square,
where
you
know
the
arbitrators
could
bid
on
on
offers.
You
is
that
too
slow
of
a
process
or
I
mean
I.
Guess
you
could
automate
a
to.
A
B
Technically,
yes,
without
a
greatest
fear,
sensitive
area,
because
they
are
us
in
the
future
model
at
the
moment,
I'm
the
only
arbitrator
because
we
still
have
not
decentralized
arbitration
system-
and
it
was
very-
we
didn't
had
a
very
good
solution.
How
to
do
it.
We
had
some
ideas,
but
now,
with
the
tower,
we
have
a
very
good
solution,
as
the
arbitrator
in
future
has
to
lock
up
quite
a
lot
of
money,
basically
much
more
money
in
psq
like
he
could
steal
because
arbitrator.
Theoretically,
he
could
collude
with
the
other
trade
and
can
make
a
scam.
B
B
A
B
Yeah
available
I
mean
it
when
the
arbitrator
is
just
going
on
holiday
and
forget
to
to
revoke
its
arbitration
client,
then
people
get
stuck
and
have
to
wait
and
get
disappointed.
So
there
are
a
few
stuff
where
I
don't
want
to
have
that
everybody
can
very
easily
become
an
arbitrator
and
create
damage
stand
for
the
whole
plan
for
the
system,
because
people
get
disappointed
there.
B
Current
idea
is
that
we're
starting
with
a
quite
high
amount
or
as
when
we
have
done
that's
in
the
short
phases.
We
are
developing
the
Tao
in
several
phases,
which
starts
with
Genesis
transaction
and
where
you
can
pay
the
trading
fee
and
where
you
can
trade
it
on
the
market
and
in
the
second
phase
that
will
be
included,
voting
and
their
monthly
issuance
or
their
contributors
and
in
the
third
phase
that
will
be
then
included
this
or
compare
this
locking
up
of
security
deposit
for
arbitrator.
B
We
also
introduced
an
immediate
so
that
before
it
goes
to
the
arbitrator,
there
will
be
another
layer
immediate
who
is
basically
the
same
like
an
arbitrator,
but
he
doesn't
has
the
key.
He
cannot
steal
the
money
because
he
has
no
key
for
signing
he's
just
a
customer
care
agent
and
when
they
get
paid
yeah
he's
a
contributor,
he
doesn't
receive
their
trading
fee
or
maybe
that's
not
hundred-percent,
to
find
it,
but
they're
most
important
that
there
is
no
security
risk
with
the
mediator,
because
he
cannot
make
a
damage
to
worth.
A
B
B
Arbitrator
with
that,
he
is
a
church
in
a
way
he
can
really
do
when
there
would
be
a
dispute
and
actually
but
not
a
single
real
dispute.
There
was
never
the
case.
That
said
one
pier
said
he
I
have
sent
the
money
and
he
I
don't
know
I
have
not
received
it.
It
was
usually
then
bank
problems
that
happens
that
it
was
not
received
and
the
bank
took
too
long
or
whatever
or
bucks
or
whatever,
but
there
was
not
a
single
dispute
and
yeah.
B
A
Really
helps
me
because
I
was
looking
at
a
coming
way:
arbitrators
and
mediators.
What's
that?
Okay,
that
makes
sense
so
I
want
to
talk
just
go
through
the
bsq
functionality
a
little
bit
more.
So
you
fund
the
contributions,
of
course,
through
the
voting
process,
you
use
the
actual
vsq
tokens
for
voting.
Now.
Are
you
just
signing
things
with
the
bsq
software
with
your
tokens,
or
do
you
actually
have
to
spend
them
and
destroy
them
to
vote
yeah.
B
As
a
voting,
is
it
transaction
technically
a
Bitcoin
transaction
where
you
have
to
pay
a
fee
that
we
build?
That
can
be
changed
in
our
voting
also
and
in
the
paper
we
have
defined
some
numbers,
but
that
still
can
change
it
shouldn't
be
I
mean
the
whole
model
with
the
voting
is
not
the
Democratic
model.
It's
meritocratic
model,
so
those
people
who
are
really
have
something
on
stake.
Who
are
interested
in
the
project
who
are
taking
the
time
to
understand?
B
What's
going
on
because
doesn't
make
sense
when
a
user
with
a
lot
of
money
who
is
not
following
development
or
whatever
is
going
on
and
then
he
make
random
votes,
then
it's
not
a
good
manager.
I
mean
you
don't
want
to
have
a
manager
in
a
company
who
just
jumped
in
once
a
month
and
then
say:
I
just
got
this
one
get
fired
and
this
one
get
three
times
more
like
he
should
get
or
whatever
that
will
not
work.
So
it
should
be
the
people
who
vote.
They
really
should
know
about
the
approach.
B
Basically,
it
should
be
mainly
driven
by
the
contributors
who
are
really
know.
What's
going
on.
Who
are
informed
about
the
project
and
the
fee?
What
people
have
to
pay
for
the
voting?
It
should
be
a
regulation
that
we
see
when
too
many
people
are
voting,
and
we
get
strange
results
that
yeah
that
not
motivated
not
well
informed
people
are
voting
too
much.
Then
we
can
increase
the
fee.
So
we
that
they
have
less
motivation
to
vote,
and
is
this
a
vsq.
A
B
That's
the
same
like
with
the
trading
fear,
and
the
same
is
with
the
contribution
requests
that
we're
not
getting
spam,
that
every
people,
everybody
who
make
it
Twitter
feed,
Twitter,
tweet
and
then
100
PS
q.
For
this.
That
doesn't
make
sense,
of
course,
and
will
just
blow
up
their
effort
for
the
people
who
are
then
verifying
evaluating
their
contributions
so
that
spam
protection.
Basically,
there
is
also,
if
we
included-
and
yes.
A
B
That
is
this
problem.
What
I
said
before
it
was
from
beginning
plan
to
make
the
arbitration
system
really
it
isn't
cause,
but
I
didn't
had
time
yet
to
implement
it
and
the
arbitrator
is
in
a
certain
amount
to
secure
the
risk,
because
when
I
would
collude
with
one
trader
and
could
steal
the
other
I
would
destroy
my
project,
so
it
would
be
very
stupid,
but
basically
I
could
do
it
directly.
So
people
need
to
trust
me
anyway.
B
So
that's
all
perfectly
decentralized
and
trustless
at
the
moment
and
with,
and
it
was
always
difficult
to
how
to
make
it
really
decentralized
in
yeah,
in
a
peer-to-peer
way
where
you
don't
have.
We
had
some
ideas,
but
it
was
never
perfect
and
always
the
P
is
Q.
We
can
define
that
there
will
be
special
transaction
with
a
special
operation,
and
that
is
the
lock
in
transaction,
so
you
are
locking
in
whatever
20,000
B
is
Q
and
you
make
a
transaction.
You
send
it
to
yourself.
B
So
you
are
the
control
of
this
there's,
no,
no
multi-sig
hold
or
foundation
or
whatever
you're,
just
sending
yourself.
B
is
Q,
which
says
yeah
with
this
special
operator,
and
that
means
for
the
network.
This
we
ask,
you
are
locked,
nobody
can
accept.
You
cannot
spend
this
anymore,
then
that
you
need
to
become
an
arbitrator
when
you
revoke
after
whatever
half
a
year
or
so
you
don't
want
to
be
an
Abbott
right
anymore,
and
you
want
to
step
out.
You
make
another
transaction
from
that.
B
What
you
have
received
from
the
other
receiving
address
of
this
lock
transaction
make
an
unlocked
transaction,
and
this
transaction
also
has
a
special
operation,
which
means
that
you,
nobody
can
use
or
will
accept
the
output
of
this
transaction
in
a
certain
time
or
the
unlocking
time,
which
is
something
like
two
months.
So
the
community
has
enough
time.
If
the
arbitrator
would
have
been
a
scammer,
then
there
would
be
a
voting
and
a
confiscation
process
and
to
take
some
time
so
really.
A
B
There
are
many
many
security
guards,
not
that
it
cannot
be
abused
because,
of
course,
that's
a
very
critical
element,
but
first
yeah
the
person
who
has
been
scammed.
He
need
to
provide
completely
bullet
proof
evidence
and
he
need
to
pay
a
very
high
fee
for
such
a
request
for
comments
for
freezing
the
money
or
for
destroying
the
money
of
the
arbitrator,
something
really
in
the
amount
of
500
euro
a
thousand
euros.
So
nobody
will
just
write.
That's
really
only
in
very
serious
cases,
then
there
will
be
a
voting.
B
It
needs
a
super
mature
into
something
of
80%
of
all
the
stakeholder
need
to
vote
on
it
also
very
high
quorum.
So
when
just
a
few
yeah,
you
need
something
like
30%
of
all.
The
stakeholders
need
to
vote
at
all.
Otherwise
it's
not
accepted,
and
then
is
the
last
security
level
that
will
be
hard
for
a
software
release
where
this
confiscation
will
be
implemented
in
code.
It's
basically
like
a
hard
fork
and
the
users
need
to
agree
to
install
and
to
upgrade
to
the
output
when
the
users
say.
No.
B
The
whole
stakeholders
are
corrupt
and
they're
just
to
try
to
scam
and
arbitrator.
They
will
not
update
the
software
and
will
reject
it
and
yeah.
They
can
immediately
well
of
us
and
the
stakeholders
can
they
can
do
whatever
they
want,
but
when
the
users
are
not
upgrading
the
software
yeah
there,
they
are
powerless.
Like
we
sorry.
A
That's
heavy
so
so
the
continuity
of
the
the
vsq
tokens.
They
don't
have
that
it's
not
it's
own
blockchain,
but
it
has
a
similar,
hard
forking
functionality
to
a
blockchain,
and
so
you
could
end
up
with
attacks
on
the
bisque
project.
Where
you
have.
You
know:
bisque,
XT
and
bisque,
classic
and
bisque
and
G
and
bisque
one
boy.
Oh
boy,.
B
A
It
that
sounds
like
a
nice
long-term
scam
for
some,
like
you
know,
for
one
of
these
you
know
anonymous
scammer,
scammer
people
who
have
been
looking.
You
know,
look
for
these
opportunities
in
the
alt
market
and
things
like
that
boy.
You
know,
find
this
project
be
like
cool
I'll
set
up
this
arbitration
account
and
then
do
this
thing
and
then
do
a
civil
attack
on
the
vote
and
boom
I
have
taken
over
the
best
part
yeah.
B
I
mean
nobody
knows
how
it
plays
out,
but
actually
it
depends
on
the
community
when
the
maturity
of
community
is
just
reading,
ready
to
poach
it
and
and
not
are
not
profoundly
informed
and
and
our
accuracy
and
yet
like
we
see
a
lot
in
the
space.
Unfortunately,
it's
not
very,
very
cool.
What
we
see
what's
going
on
everywhere,
when
that's
the
reality
and
the
maturity.
Okay,
then
the
bow
will
fail
and
world
is
not
deserving
such
a
model.
They
are
not
ready
for
it.
A
There's
that
and
then
that
would
be
like
a
total
disaster,
but
they're
just
you
know
what
I
was
just
saying
is,
of
course
hypothetical,
but
you
know
hard
for
it's
not
the
end
of
the
world.
Like
you
said
you
know,
the
jerky
jerks
could
go,
have
their
own
bisque
and
then
you
know
Gabriel
and
Manfred
can
trade.
You
know
Bitcoin
and
Fiat
back
and
forth
on
that
on
our
bisque
yeah.
B
I
need
the
fork
risk.
Is
it's
a
two-sided
sward?
On
the
one
hand,
I
want
to
be
open
with
software
and
I
like
to
like
very
much
the
idea
of
open
source
and
the
real
open
source
of
the
GPL
license,
and
it
depends
on
your
trusting,
basically
the
people
that
they
are
not
abusing
this
power.
What
you
give
a
lot
of
power
to
the
people,
everybody
can
steal
your
work
and
can
act.
A
B
They
have
learned
a
lot
of
BS
q.
That's
a
direct
representation
of
their
work,
then,
based
on
this
or
yeah,
you
can
all
call
it
a
token.
But
basically
it's
just
the
data
which
is
in
the
blockchain
from
this
payment.
What
you
are
from
this
issuance,
what
the
contributors
made
to
themselves
and
the
voting
the
the
weight
of
the
voting
will.
My
intention
is
to
have
it's
70%
of
the
total
weight
will
be
afford
for
this
reputation,
and
only
30%
will
be
by
pure
stake
by
pure
holding
peaceful.
A
Intense
okay!
Well,
so
that
there's
a
definite
political
element
there
to
where
you
you
know,
can
it
kind
of
you
know
jockey
for
position
in
the
community
and
and
try
to
try
to
influence
people
into
thinking
that
you're
awesome,
so
hopefully
that
that
aligns
up
well
with
actually
being
awesome
right,
yeah
I
mean.
B
Of
course,
I'm
not
too
concerned
that
it
wasn't
wrong
way.
I'm
more
concern
to
me
reason
why
I
do
this
is
because
it
happened,
and
it
happened
in
some
blockchains
that
someway
were
buying
a
majority
of
the
token
cent
and
it
is
yeah.
They
made
a
lot
of
damage
or
yeah.
They
were
not
well
motivated
and
those
people
who
are
who
are
working
long
term
for
the
project
they
want
to
continue
to
work,
so
they
have
much
more
future
stake
and
approach
it
like
a
normal
investor.
B
When
we
would
have
a
pure
state
based
model,
then
somebody
could
make
a
shorting.
Somebody
would
make
a
terrible
bad
decision
and
destroyed
approach
maker,
shorting
on
pit
Phoenix
or
wherever
and
run
a
lot
of
money.
It
would
be
economically
a
reason
labor
for
him
to
do
this
short
term
profit
and
he
cash
out
and
has
destroyed
the
project,
and
he
don't
care
contributor
who
is
working
on
the
project
is
much
unlikely
that
he's
doing
it
and
I
will
not
be
one
contribute
to.
Hopefully,
who
is
doing
all
the
work,
but
so.
A
It's
it's
a
it's
a
it's,
a
protection
against
market
manipulation
and
the
the
sort
of
side
effects
of
having
of
having
a
tradable
token.
You
know
where
you
can.
You
know
anybody
can
can
sell.
You
know
unless
you've
got
unless
you've
locked
it,
anybody
can
transfer
bsq
back
and
forth.
You
could
use
it
as
a
currency
if
you
wanted
exactly
yet-
and
it's
not
it's
probably
not
in
your
interest
to
increase
the
money
velocity
of
bsq
tokens
all
that
much
because
it's
only
thirty
percent
of
the
voting
power
right.
B
Yeah
and
whale
who
is
not
yeah,
yes,
with
controvert
yeah
yeah,
with
interest
in
the
project
which
are
not
positive
for
the
project,
and
we
see
this
in
Bitcoin.
There
are
very
rich
presence,
look
at
currency
who
are
promoting
stuff,
which
are
my
opinion,
not
good
for
Bitcoin,
and
it
that
we
don't
have
a
voting
system
based
on
state
only
in
Bitcoin,
because
there
wouldn't
good
results
right.
B
Exactly
interesting,
I
mean
like
yeah
when
we
compare
it
with
Bitcoin,
when
we
would
have
a
governance
model
with
voting
or
whatever
I
would
opt
for
a
governance
model
where
those
people
who
have
worked
the
most
like
the
core
developers
have
the
most
influence,
rather
than
people
with
a
lot
of
money,
because
yeah
yeah.
That
relates
much
more
for
me
to
the
core
of
the
value
of
the
project.
Right.
A
And
keeping
its
objective
in
bisque
is
is
protects
against
other.
It
protects,
it
doesn't
protect
against
political
machinations,
but
it
protects
against
other
sort
of
mechanistic.
You
know
attacks
like
saying,
okay,
you
know
I
just
I
just
submitted.
You
know
it's
based
on
github
pull
requests.
You
know,
I
just
admitted
a
bunch
of
you
know.
Typos,
you
know
like,
like
I
did
in
the
best
Dow
you
know,
because
I
was
like
reading
it
and
just
corrected
some
proofreading
I'm
not
really
expecting
too
much
in
the
way
of
bsq
contribution.
A
You
know
issuance
to
compensate
me
for
that,
but
in
case
I
want
to
come
back
a
little
bit
to
the
initial
bsq
issuance
of
course.
Right
now,
bisque
is
not
a
Dow.
Yet
bisque
is
not
a
Dao.
It's
centralized!
There's
this
guy
monthly
kata.
He
he's
the
guy
who
wrote
most
of
it.
He's
the
obvious
project
leader
he's
the
guy
making
Kong
a
lot
of
the
shots,
and
so
how
will
the
initial
compensation
requests
be
decided.
B
The
final
decision
I
do
with
one
of
the
main
contributors,
mainly
olds,
because
we
want
to
protect
privacy
of
the
people,
not
yeah.
The
contributors
don't
want
that.
The
whole
world
knows
what
they
will
receive
and
so
and
we
will
we
are
still
not
completely
decided
or
how
it
will
be
the
distribution,
how
transparent
we
will
be
I
think
we
don't
need
to
be
so
transparent,
like
a
normal
ICO
project,
because
we
are
asking
for
money,
we
are
doing
voluntarily
giving
away
the
value
to
all
the
contributors,
so
I
mean.
A
B
And
it's
also
because
I
mean
many
of
the
contributors
I
had
directly
contact
with
the
people.
I
have
the
information
there,
many
of
the
other
from
the
team
or
AB
who
are
involved
in
in
actual
work.
At
the
moment.
They
are
not
so
well
informed
about
all
the
details,
and
especially
it
goes
back
three
and
a
half
years.
There
are
contributors
yeah
who
have
contributed
in
the
first
year
and
they
will
receive
something
many
of
of
the
current
people
who
are
working
at
the
project.
B
A
B
Finally,
we
will
probably
I
mean
we
will
put
aside
some
funds
in
psq
for
legal
contingency
funds,
because
it's
a
politically
disruptive
project
and
you
never
know
how
it
plays
out.
So
we
don't
want
to
get
shocked
in
some
point
in
the
future
and
we
want
to
have
some
reserve
for
this
and
we
want
to
yeah.
B
We
will
put
aside
quite
a
lot
of
tokens
for
the
next
months
for
developing
the
second
phase
and
I
really
want
to
scale
up
development
team
and
want
to
have
something
like
five
full-time
developers
and
somebody
who
helps
on
the
communication
side
full-time
and
for
paying
these
people
market
rate
salaries.
We
put
aside
quite
a
big
chunk,
also
and
the
anta
rest
will
be
distributed
between
different
groups.
B
One
group
is
the
market
makers
or
the
traders
who
have
helped
us
with
liquidity
and
use
the
software,
often
three
a
mix
that
they
have
helped
also
on
communication
on
the
forum,
with
support
with
testing
all
kind
of
stuff
translation.
Also,
this
broader
community
and
then
they're
more
narrow
group
of
contributors
with
whom
I
had
directly
contact
with
whom
I
work
directly.
B
Who
I
know
personally
and
so
on
and
all
in
all
the
first
two
groups
are,
should
be
something
about
hundred
fifty
people
in
every
group
we
kept
it
and
philippi
thousands
of
people,
because
also
the
transaction
will
be
done
to
begin
today.
Also
some
limits,
and
the
other
group
is
something
like
about
fifty
people,
probably
so
yeah.
The
target
is
to
have
something
like
maybe
four
hundred
people
who
are
receiving
something,
and
probably
something
like
forty
or
fifty
percent,
get
distributed
to
this
all.
B
Despite
a
group
of
people
and
then
the
legal
contingency
funds
get
quite
a
chunk
and
they're
the
reserved
funds
for
the
Sailor
is
for
their
the
time
between
phase
1
and
phase
2,
because
yeah
a
contributor
cannot
make
a
contribution
request
before
the
phase
2
is
implemented
and
yeah.
We
want
to
have
enough
time
and
enough
funds.
B
A
Want
to
just
hit
last
time
on.
Thank
you
on
the
on
this
list
in
the
white
paper
of
the
vsq
token
security
deposit
for
enabling
further
decentralization
so
the
security
deposit.
Is
this
a
trade
deposit
like
we
have
now
with
bisque,
where
you
have
to
put
in
some
extra
Bitcoin
with
your
trade
that
you
get
back
later,
for
you
know
for
the
insurance
or
what
does
this
refer
to
Knights.
B
The
same,
what
we
use
for
it
arbitration
system
was
it's
a
security
deposit
in
psq,
using
this
special
transaction,
login
and
logout,
and
when
something
goes
wrong
goes
wrong
was
when
this
person
is
who
is
have
locked
up?
These
funds
is
abusing
his
role,
then
the
community
has
the
power
to
conference,
come
home.
B
B
Whatever
agencies
and
I
do
this
stuff
and
then
yeah
I
have
in
future
I
have
to
lock
up
money
for
this
right
because
they
are
that
centralized.
We
cannot
decentralized
domain
rights
to
a
community
that
doesn't
work
and
when
I
would
have
use
this
right,
then
the
communicated
candice
idea
Manfred,
is
on
the
other
side
after
yeah
after
of
the
world,
and
he
should
not
deserve
to
have
this
money
anymore.
So
we
take
it
away
from
him
and
another
and
another
thing.
A
B
Kid
yet
a
right
for
for
deploying
the
software
for
assigning
the
software
for
making
the
version
to
pull
requests
and
so
on.
We
want
to
follow.
The
model
was
used
in
in
Bitcoin,
as
with
with
I,
can
not
go
to
acknowledge
and
not
acknowledge
for
full
requests
and
so
later,
when
we
have
our
developers
and
to
get
it
in
this
position
to
be
in
this
powerful
decision
position.
B
Yeah
every
country,
every
developer,
who
have
the
right
to
acknowledge
where
not
technology
pull
requests
have
to
put
lockup
some
money.
He
can't
wait
for
this
because
it's
of
course
nobody
want
to
lock
up
money
and
take
some
risks.
So
it's
a
good
form
of
a
contribution,
a
service
for
the
project
and
in.
B
A
B
That's
thick
exempt
robot
can't
go
wrong,
I
mean
we
see
a
lot
like
with
Gavin
Andresen,
who
range
stuff
in
the
past,
with
Gregoire
right
and
so
indented
took
away,
tore
his
commit
right
because
yeah
they
were
not
sure
if
he
cut
text
or
whatever
yeah,
whatever
happened,
and
it's
a
good
beside
this.
There
are
no
mechanisms
when
yeah,
when
the
the
maturity
of
the
core
developers
became
corrupt
or
whatever
yeah,
but
you
can
do
much
nothing
yeah.
B
Work
risk
and
we
have
here
a
few
additional
tools.
What
we
can
use
and
another
issue
that
yeah
we
have
two
seed
nodes,
which
are
a
little
bit,
not
really
critical
elements,
but
they're
a
little
bit
centralized
nodes
over
the
first
time
when
you're,
connecting
to
the
peer-to-peer
network
you're
connecting
to
a
seed
node
and
you
get
initial
date.
And
so
when
somebody
who
is
operating
a
seed
nut,
would
abuse
this
and
yeah
would
do
something
bad.
He
also
would
get
confiscated
his
security
deposit
and
that
crazy.
A
B
A
That's
really
interesting.
That
gives
just
another
sort
of
tool
of
the
toolbox
to
to
push
incentive
here
and
there
and
see
what
happens
boy.
That's
gonna,
be
really
interesting
and
there's
definitely
attack
vectors,
as
with
every
system
like
this
and
now
I
think
it's
good
I
think
it's
great
and
you
know
one
of
the
things
that
I
that
has
occurred
to
me
over
the
last
year
or
so
that
I
haven't
had
that
much
of
a
chance
to
dive
into
it.
A
Think
one
of
the
reasons
why
we're
seeing
all
these
altcoins
out
there-
it's
not
just
speculation
and
not
just
because
they're,
also
based
on
Bitcoin.
It's
also
because
we,
this
is
a
brand-new
terra
incognita.
We
all
need
to
find
out
what
works
and
what
don't
and
I
think
that
the
area
is
a
lot
wider
than
some
people
assume
and
there
are.
There
is
room
for
a
lot
of
different
incentive
structures
that
are
inspired
by
or
sort
of
surrounding,
Bitcoin
in
the
in
the
multi-dimensional
space
of
incentive,
design
or
social.
A
You
know:
technological
ecosystem
creation
and
I
think
there's
a
lot
of
possibilities
that
you
know
totally
unexplored
and
daos
is
one
of
the
ones
where
we've
seen
a
lot
of
sort
of
fake
projects,
a
lot
of
very,
very
pie-in-the-sky
and
maybe
some
cooler
projects.
You
know
I,
as
many
people
know,
I'm
a
big
fan
of
made
safe,
I,
think
that
is
another
sort
of
model.
That's
a
little
bit
farther
away
from
Bitcoin
and
quite
different.
That
could
also
work
and
I
think
be.
A
The
show's
going
a
bit
long,
but
I
kind
of
want
to
just
continue
on
this
we're
having
a
great
time,
I
think
our
listeners
are
too
I'd
like
to
get
to
listener
questions.
If
there
are
any
interesting
ones,
I,
don't
know
you
guys
are
mostly
trolls,
so
not
just
kidding
well,
it
will
seem.
Thomas
has
gotten
together
assembled
for
us.
He's
shy
mad
shout
out
to
mad
bitcoins
right
now.
Thank
you.
A
So
much
for
you
know,
handling
the
chat
and
helping
us
along
here
in
whatever
way
that
you
can
so
I
want
to
talk
about
the
future
of
bit
Square
because,
of
course,
our
risk
because
of
course,
bisque
is
right
now
very
unlike
the
centralized
Bitcoin
exchanges
that
are
out
there,
which
have
much
more
like
traditional
finance
market
exchanges.
Where
you
have
you
know,
big
servers,
crunching
a
lot
of
numbers.
A
You
have
centralized
custodial
functions
being
played
by
these
exchange
corporations
all
around
the
world,
in
other
words
you
or
dollars,
or
other
Fiat
or
end
or
Bitcoin,
to
these
exchanges
and
they
hold
the
private
keys.
They
hold
the
bank
account
they
hold
that
money,
but
you
can
trade
back
and
forth
superfast
when
you're
on
the
platform.
However,
you
don't
really
own
the
money,
while
it's
there,
they
have
an
IOU
and
they're.
A
They
probably
pay
it
back
to
you,
because
very
few
of
them
are
going
to
be
doing
anything
fractional-reserve
until
they
get
hacked,
which
happens
quite
often.
So
it's
a
situation
where
you're
there's
a
lot
of
trust
involved.
But
what
you
get
back
is
quick
trades.
Is
there
a
possibility
that
bisk
could
mature
into
the
type
of
exchange
that
might
allow
you
know
high
frequency
or
relatively
high
frequency
trading
say
using
the
Lightning
Network
eventually
is?
Is
there
a
vision
for
bits,
bisque,
possibly
being
a
major
market
maker
in
this
space.
B
Everything
is
possible,
I,
just
feed,
as
I
mean
most
people
who
are
professional
trader
so
and
so
high-frequency
traders
they
are
not
interesting
and
holding
the
Bitcoin
or
the
euro.
They
want
to
make
profit
from
price
differences
and
I
think
we
should
distinguish
between
the
hoenn
have
a
coded
onboarding
exchange
where
people
are
only
ones
on
round
rooms
where
people
really
want
to
get
the
Bitcoin
or
sell
it
for
Europe.
They
really
want
to
exchange
it.
That's
the
real
the.
A
You
know
this
amount
of
Bitcoin
for
this
amount
of
fiat
and
we're
done
it's
not
like
you're
gonna
set
up
a
market
trade
with
stops
and
all
limits
and
all
sorts
of
different
market
offers,
and
things
like
that.
It's
just
one
for
one.
You
know
26
Bitcoin,
for
you
know
50
grand
boom,
we're
done,
but
actually
you
can't
trade
more
than
one
Bitcoin
in
one
offer
now.
But
the
the
principle
applies.
A
B
They're
a
possibility
in
future
with
lightning
and
so
on.
We
don't
know
yet
exactly
how
this
will
play
out,
but
my
main
offer
for
those
that's
actually
planned
for
a
mid
or
long
term,
future
to
I'm,
not
sure
if
you
or
the
listeners
a
familiar
with
this
concept
of
contract
for
different
CFD,
it's
a
form
of
betting.
You
are
betting
on
price
movements
or
price
differences.
B
I
will
say,
I
put
in
one
Bitcoin
that
the
price
in
one
week
is
whatever
$3,000
and
you
say
no
I
bet
against
this
and
depending
who
is
the
winner
who
gets
money
out
and
for
that
you
are
not
moving
euro
or
Bitcoin
you're,
just
putting
in
the
Bitcoin
in
a
bet
and
the
winner
is
getting
out
basically
and
but
such
as
system
yeah.
That
can
work
much
much
easier
because
I
mean
with
the
fiat
trade.
B
Our
main
bottleneck
is,
and
the
main
problem
at
all
is
their
banking
system,
its
external
from
biscuit,
but
they
are
very
yeah
depending
which
method
you're
using
but
for
safer
in
Europe,
it's
quite
slow
minimum
one
day,
often
two
or
three
days.
We
cannot
speed
this
up.
Basically,
when
it's
all
coin
trading,
we
are
working
at
the
moment,
also
on
api's
and
with
Alcoa.
B
We
want
to
make
it
fully
automated,
so
you
can
trade
with
trading
pots
fully
automated
all
contrite,
but
then
the
only
limit
is
the
bid
conference,
confirmation
time,
which
is
usually
10
minutes
and
on
the
alkaline
side,
a
conformation
time,
they're,
usually
often
shorter,
but
also
a
few
minutes
and
yeah
to
get
to
get
away
from
this
restriction.
You
need
10,
something
like
lightning
or
whatever
will
develop
in
future
drive
train
whatever
we'll
see,
I
have.
B
Maybe
we
will
implement
it
as
well
for
some
major
currency
pairs
and
with
that
you
can
and
actually
a
bsq
will
be
traded,
also
a
risk
against
bitcoin
and
as
it
is
a
bit
quantity
only
it's
one
in
one
chain
we
could
and
that
Bendel's
the
future
to
have
a
trust,
less
exchange
for
psq
to
Bitcoin,
because
it's
it's
not
even
a
cross
chain,
swap
it's
only
one
transaction.
You
are
putting
in
some
pitch
conan
as
input
in
one
transaction,
some
psu
from
the
other
user
in
one
transaction,
you're
swapping
the
outputs,
that's
it.
B
So
it's
completely
trust
less
and
fast,
and
I
think
there
is
quite
a
lot
of
headroom.
But
I
think
it's
more
interesting
to
separate
these
different
types
of
traders
that
those
traders
who
are
interested
in
speculation.
They
get
a
different
tool
like
contract
for
difference.
I
think
it
can
be
done
in
a
decent
price
and
european
way.
It's
complex
and
difficult
and
we
don't
have
time
to
get
deep
into
this,
but
or
I
discussed
with
some
people,
some
ideas
and
I
think
it
can
be,
can
work
out
and.
A
Interesting
you
bring
up
seer
queens,
because
you
know
the
famous
problem
with
the
decentralized
CFD
is
the
oracle
risk,
or
even
even
with
centralized
hands
so
orc?
What
what
I'm?
What
I'm
speaking
about
there
for
our
audience
in
case,
you
don't
know,
is
you
know,
there's
CFD
is
the
thing
you're
betting
on
something
changing
up
and
down.
It's
really
just
like
any
bet,
but
of
course,
there's
there's
a
data
input
where
the
result
of
the
bet
needs
to
come
in
from
external
to
the
system.
A
A
B
Exactly
that's
a
very
interesting
input
and
I
actually
got
a
request
from
a
very
famous
person,
but
I
don't
want
to
name
him
because
I
don't
know
if
he
is
okay
to
make
it
public,
but
he
was
very
interested
in
this
to
use
pit
square
or
bisque
as
yeah
as
provider
for
a
truss,
minimize
or
yeah
data.
For
instance.
What
are
the
price
feet
when
there
is
enough
liquidity
and
volume?
B
The
price
in
psq
is
always
completely
open
and
yet
decentralized.
We
cannot
manipulate
when
you
get
the
price
from
a
centralized
exchange,
you're,
basically
believing
them
that
they
are
not
making
up
the
numbers
and
they
can't
do
it
and
they
some
will
do
it
in
a
certain
way
when
it
makes
some
benefits
for
them.
You.
A
Don't
don't
couldn't
couldn't
bisque
have
you
know
separate
out
the
trading
functionality
from
the
withdrawal
functionality
and
have
a
similar
situation
where
you've
got
trading
coin
and
wallet
coin
and
you've
got
stuff.
You
know
tied
up
in
light
in
you
know
payment
channels
to
do
quick,
trades
back
and
forth.
I
guess
I
guess
the
problem
with
that
is
that
you
don't
have
any
fiat.
So
you
still
have
to
have
some
sort
of
multi
signature.
I
mean.
Is
it?
Can
you
use
lightning
with
multi-sig
know.
B
A
B
Is
basically
trip
work,
but
I
think
it
has
a
future
and
she
said
but
I'm
not
I,
I,
don't
know
the
details
and
I
didn't
have
to
look
closer
to
it,
but
it's
certainly
a
very
interesting
direction
and
we
will
look
when
it's
there
into
it.
How
we
can
utilize
it
and
I
think
the
main
problem
is
that
when
you
are,
when
you
go
to
the
field
area,
when
you're
doing
a
real
exchange,
you
you
want
to
have
a
settlement
and
the
settlement
happens
on
the
Bitcoin
blockchain.
B
You
don't
want
to
get
an
IOU
and
that
depends
on
the
it
can
work
in
a
way
that
you
keep
a
channel
open
and
everybody
has
enough
security
deposit
that
the
channel
is
secured
in
a
way.
And
then
you
can
speed
up
a
lot
because
it
and
you
don't
need
to
wait
for
confirmations,
but
yeah.
I
cannot
say
too
much
about
that,
because
it
would
need
much
more
time
too
and
also
yeah.
B
A
A
You
know
there's
full
duplex
micro
transactions
and
other
things
you
can
do
with
payment
channels
and
now,
with
drivetrain,
we've
got
the
possibility
to
have
separate
chains
to
do
different
types
of
functionality.
Possibilities
are
just
actually
flowering,
really
majorly
right
now
this
year.
Actually,
we.
B
B
It's
just
this
one
single
atomic
transaction,
so
completely
trust
less
and
fast,
and
that
would
be
a
way
where
we,
we
are
basically
doing
similar
stuff
like
on
the
Lightning
Network,
but
we
are
doing
it
in
our
application
because
we
have
the
infrastructure
of
a
peer-to-peer
network
and
the
Bitcoin
network
and
everything,
and
when
we
people
are
willing
to
yeah
to
deal
with
this
for
faster
trades
of
speculation
that
they
are
not
interesting
in
really
settlement.
But
they
are
okay,
that
they
say.
Okay,
I
have
noticed
all
coin.
B
B
But
there
are
a
few
other
as
if
I
want
to
step
a
little
bit
back
what
you
said
before
we
so
douse
and
the
theorem
and
so
I
think
one
big
misconception
what
people
have
and
one
or
one
problem
is
when
you
are
doing
when
you
are
building
a
decentralized
application,
you
need
a
peer-to-peer
network
and
that's
a
very
big
challenge.
Also
a
biscuit
was
the
biggest
challenge
to
get
the
peer-to-peer
network
working
and
there
are
not
many
libraries
out
yet
which
you
really
can't
just
take
and
use
and
it
works.
B
It's
it's
a
big
challenge
and
most
people
don't
have
this.
Don't
have
the
technical
skills
or
resources
to
build
this
and
they
are
jumping
on
a
tearing
because
they
use
it
and
abuse
it
as
a
peer-to-peer
network
to
do
all
the
kind
of
stuff
because
yeah
on
chain
on
and
that
cannot
work
and
cannot
scale,
because
when
every
company
would
do
the
business
logic
in
smart
contracts
on
the
etherium
yeah
forget
it
that
can
never
work
and
never
skate
and
I.
Think
the
way
to
go
in
my
opinion
is
that
you
are
yeah.
B
B
Nobody
who
is
not
interested
in
not
using
BS,
you
don't
need
to
evaluate
and
verify
our
psq
transactions
and
voting
or
whatever
that
completely
doesn't
make
sense
and
just
cost
money,
and
when
then
you
keep
it
in
a
small
scale
because
most
projects,
they
don't
have
millions
of
users,
they
have
maybe
thousands
of
users
and
those
are
running
anyway.
An
application.
Any
computers
way
is
fast
enough
to
do
all
this
kind
of
calculations
easily
the
only
critical
element,
if
say,
input,
data
which
is
related
with
money
that
you
don't
want
like
voting.
B
B
The
input
for
this
verification
or
smart
contracts,
or
for
whatever
you
were
doing,
what
you're
verifying
that's
the
important
part
which
need
to
be
trustless
and
where
you
need
to
buy.
You
need
a
blockchain,
but
that's
only
the
data
storage.
It's
very
tiny
data.
What
you
need
for
this
like
for
voting!
We
have
here
the
worst
case,
it's
80,
bytes
and,
and
the
rest
you
can
do
all
on
on
your
application,
implemented
in
whatever
language
and
environment
you
have.
You
don't
need
a
smart
contract
engine
or
platform
for
this
or
language.
B
For
this,
you
yeah
when
you're,
combining
it
the
right
way,
you
can
build
decentralized
applications
which
are
actually
doing
smart
contracts
which
are
implementing
programmable
money
in
for
organizational
structure,
and
you
don't
need
all
this
hyped,
passwords
and
and
concepts
I
think
it
actually
much
more
old-school.
Like
I
mean
the
only
really
innovative
is
the
Bitcoin
blockchain.
What's
headed
the
rest,
the
rest
of
the
towel,
what
I
implement
it
could
have
been
implemented
already
20
years
ago?
There's
nothing
really
new.
The
technology
was
out
there.
B
Peer-To-Peer
network
is
nothing
new
and
it's
the
only
running
using
is
to
use
the
Bitcoin
blockchain
as
the
trust
route
and
the
incentive
model
with
money,
and
that
you
can
create
your
own
tokens.
Esther.
You
have
to
motivate
the
people
that
they're
exchanging
the
value
in
the
ecosystem
after
after
project
got.
A
It
excellent
well,
we
got
one
question
from
Thomas:
you
guys
go
ahead
and
put
your
questions
into
the
live
chat.
How
can
we
get
more
people
to
use
bisques
so
that
it
gets
critical
mass
personally
I
I
strongly
feel
that
the
project
was
not
ready
until
now,
because
of
the
fees
that
was
a
big
major
block
to
to
the
usability
and
that
that's
gone
now
and
I
think
that
it's
now
ready
but
go
ahead.
May.
B
B
Actually
I
mean
that
weak
point
in
our
system
were
that
we
had
fixed
fees
because
was
much
easier
to
implement,
but
the
whole
year
last
year.
It
was
a
completely
non
problem,
not
issue.
It
was
just
when
the
network
got
spam
like
crazy
and
fee
were
going
up
from
five
cent
one
year
ago
and
yet
to
two
or
three
euro
it
was
we
couldn't
yeah.
B
A
So
you
know
I
think
that
the
DAO
itself,
that's
that
you're
launching
right
now
could
bring
a
good
amount
of
attention
to
the
platform
to
using
it.
You
know,
you've
got
this
issuance
model
and
then
you
know
there's
also,
of
course,
people
that
are
going
to
speculate
on
these
colored
Bitcoin
bsq
tokens
and
so
then
be
like
wait.
Wait,
oh
I,
don't
have
to
you
know,
send
seven
documents
in
a
blood
sample
to
the
exchange
in
order
to
get
you
know
approved
to
go
on
this
exchange.
A
I
can
just
you
know,
download
some
really
easy
software
and
load
it
up
and
five
minutes
later
put
up
an
offer
and
I
mean
with
certain
Fiat
types
of
movements.
Some
countries
have
very
quick
fiat
payment
methods
and
you
know
for
these
type
of
amounts.
If
you're
not,
you
know
sending
hundreds
of
thousands,
it's
you
know
euros
back
and
forth
or
whatever
you
know
you
can.
You
could
do
one
of
these
trades
really
fat
with
more
liquidity.
Of
course,
they
will
be
that
fast,
yeah.
B
A
B
Have
not
updated
their
IT
since
the
eighties,
basically
I
mean
they're,
really
running
mainframes
I,
when
I
was
studying,
I
had
to
developers
who
was
working
at
banks
and
two
stories.
What
they
told
me
were
just
shocking
and
amusing
at
the
same
time,
but
also
shocking,
because
you
couldn't
believe
it
and
Alton
was
money,
kept
lost
like
hell
there
and
they're
just
covering
because
they
have
enough
money
but
yeah
the
systems
are
not
working.
Basically,
never.
A
B
B
I
could
study
freely
in
Austria
and
I
see
a
lot
of
of
well
you
what
governments
can
do
when
the
government's
are
working
in
more
or
less,
in
okay
and
in
Austria
or
in
some
Scandinavian
countries,
the
government's
are
not
terribly
corrupt
in
many
other
countries,
especially
the
US,
and
also
many
other
countries
in
the
world,
I'm
a
big
majority.
Of
course
the
government's
are
yeah
just
a
corrupt
bunch
of
whatever
and
what
should
be
replaced
by
a
better
model.
So,
from
this
background,
as
I
understand
that
people,
you.
A
B
Have
it
open
about
this,
but
anyway,
I
I,
don't
believe
that
the
markets
are
solving
our
real
problems
and
we
see
it
at
the
moment.
With
this
I
SEOs
people
I
mean
we
have
a
free
market
and
remaining
the
same
I
mean
there
is
no
regulation
for
mining
or
for
the
ice
use
and
what's
happening,
I
mean
the
market
is
completely
failing
there
leading
projects
with
a
white
paper
with
150
millions.
That's
that's
not
a
good
result
and
people.
People
are
just
gambling,
I
mean
the
market.
I.
Think
it's
the
motivations.
B
There
is
no
nothing
like
pure
economic,
selfish
yourself
interests.
So
so,
like
we
see
these
mining
there's
a
lot
of
political
interests
involved
and
short-term
interests.
Maybe
you
can
make
quickly
a
lot
of
money
and
destroying
the
project
or
create
a
lot
of
damage
in
the
long
term,
but
you're
not
interested
in
a
long
term.
You
want
to
make
quickly
your
money
and
then
you
are
happy
and
scarecrow
out.
I
think
that's
a
very
weak
models,
of
course,
markets
work
and
we
are
using
it
as
well,
but
the.
A
Same
thing
with
the
the
best
Dallas
is
an
interesting
combination
of
markets
and
and
an
offline
or
political
process.
That's
really
interesting.
It's
it's
kind
of
a
balance.
As
far
as
I
understand
it.
We've
got
some
comments
and
questions
here,
written
in
Java
who
said
that
so
I
want
to
only
give
shoutouts
to
you
guys,
Jeremy
J,
thanks
for
joining
us
man,
I've
seen
you
over
on
the
Bitcoin
group
chat
written
in
Java
with
maven
dependencies,
easy
to
work
on
this
java
application.
A
B
The
security
deposit
is
a
little
bit
of
barrier
because
when
you
don't
have
Bitcoin,
you
cannot
use
bisque
and
it
was
brought
up
many
many
times
by
people,
but
in
reality,
and
also
one
approach
was
that
I
I
started
it
on
the
forum.
That's
right,
why
I
told
the
people
yeah
when
you
have
this
problem
just
get
in
contact
with
me?
I
borrow
you,
the
security
deposit,
the
money,
what
you
need
and
you
pay
me
back-
I
risk
yeah.
B
Sorry,
yeah
I'm
lending
them
they're
a
small
amount
of
Bitcoin,
which
is
a
few
euro
whatever
and
actually
I
think
it
happened
one
time
all
in
all.
So
actually,
there's
no
really
demand
for
this
I
think
it's
a
theoretical
problem.
What
people
are
bringing
up,
who
have
Bitcoin
and
classical
and
I,
had
this
also
with
some
friends
who
I
wanted
to
get
into
Bitcoin
newcomers
and
they
take
it.
B
Usually
they
have
some
friends
who
are
telling
them
about
and
those
can
lend
them
the
small
amount
of
Bitcoin
so
I
think
it's
not
a
real
problem
and
there
is
no
easy,
so
I
mean
there
are
some
ideas
how
we
could
make.
It
basically
could
remove
you
for
very
tiny
amounts.
But
then
you
have
no
security
than
the
other
could
basically
scam
you
and
you
are
losing
time.
I
mean
they
cannot
see
your
money.
You.
A
Could
do
you
know
we
could
do
something
that
the
Dow
could
vote
on,
of
course,
like
everything
else
in
the
in
bisque
with
this
ecosystem.
But
you
could
do
something
like
a
special
onboarding
trades,
where
the
market
maker,
you
know,
is
locking
up
some
bsq
tape,
tokens
and
then
there's
a
Fiat
deposit,
that's
paid
before
the
trade,
or
something
like
that
where
the
because,
right
now
that
the
deposits
are
like
0.01
Bitcoin
or
something
which
is
about
23
dollars
right.
B
Now
now
you
can
103,
the
maker
can
define
it
now,
I
think
the
smallest
or
I.
Don't
remember
exactly,
but
the
smallest
amount
is
quite
low.
I
think
something
like
5
euro
and
you
got
a
market
maker
can
define
it.
There
is
a
default
value,
but
he
can't
define
if
you
take
the
minimum
or
the
maximum
and
then
it's
up
to
the
users.
I
mean
it
could
work.
B
So
when
you
want
to
borrow
the
money
from
me,
I
want
to
see
your
real
life
identity
with
with
with
your
passport
or
whatever,
or
it's
enough
that
you
send
me,
your
social
media
account
and
then
I
take
the
risk
and
it's
completely
out
of
system,
so
they
take
the
risk
when
they
it's
claimed
that
they
have
to
make
better
risk
analysis
and
rating
themselves
it.
This
could
only
serve
as
the
platform
for
connecting
to
people.
B
People
can
make
their
office
and
can
take
the
office
of
the
others,
but
the
exchange
and
the
other
landing
will
be
done
completely
between
the
peers,
there's,
no
security
features
or
whatever
included
it
would
not
be
terrible,
much
effort.
Probably
we
could
implement
it
in
something
like
one
or
two
months.
It's
mainly
UI
work,
Wow
I'm,
just
I
mean
it
might
be
one
of
the
future
applications.
We
have
a
lot
of
idea
for
a
future
application.
What
we
can
do
another
is
going
join
and
multi-sig
wallet
that
you
can.
B
A
Yeah
Everest
response
that
sounds
nice
at
first,
a
first
extra
checked
and
slower
buy.
My
first
Bitcoin
operation
would
help
that's
really
interesting,
like
an
onboarding
thing,
but
you're
mentioning
that
a
Bitcoin
sort
of
lending
platform
would
be
relatively
easy
to
create,
which
is
just
totally
amazing
that
to
me
I
love
that
idea.
You
know
the
it's
like
like
Bitcoin,
you
know
a
functional
Dao
in
the
ecosystem
is
going
to
spawn.
A
You
know
more
projects
that
you
can
then
use
that
you
know
can
be
totally
separate
projects,
but
that
are
you
know,
sort
of
once
again
like
a
layer,
three
right,
it's
something
that
you
know
hooks
in
to
can
hook
into
bisque,
or
it
could
just
be
used
alone
as
a
as
a
lending
platform
right
back
and
forth.
Yeah.
B
I
mean
the
infrastructure
do
really
well
yeah
I.
Think
of
bisque
is
the
infrastructure
that
you
have
yeah
the
application
with
the
UI,
a
desktop
application,
which
runs
on
every
operating
system
without
any
extra
set
up
and
and
the
Bitcoin
integration,
and
you
can
build
like
a
landing
platform,
all
kinds
of
applications.
On
top
of
this
basically,
and
then
with
the
power
you
can
integrate
it
to
the
tower
so
that
how
could
be
done
the
modern
not
only
of
the
trading
platform
of
the
exchange,
but
it
could
be
done.
A
The
you
you
you
it's
a
bootstrap
right,
like
you
got
the
25
bitcoins
donated
to
you
without
anybody
being
able
to
stop
that
from
happening.
By
the
same
token,
you
can
have
this
Dao,
that's
totally
decentralized.
You
know
funding
new
development
without
being
able
to
be
stopped
either.
Cisco
censorship,
resistance,
all
right,
well,
I,
think
we've
pretty
much
covered
all
of
the
subjects
that
we
had
planned
to
do
so
really
really
interesting.
Talking
to
you,
Manfred
I
can't
wait
to
see
how
this
project
turns
out.
A
I'm
gonna
be
sending
in
my
my
contributor
request
and
say:
hey
I
did
a
show
on
him.
I
got
some
viewers,
you
know,
I
got
X
amount
of
views,
so
give
me
3.1.
You
know,
bsq
tokens
I
got
my
nine
dollars
worth
of
esq
and
you
know
try
to
follow
things
on
the
forum
and
do
my
voting.
I'm
actually
really
excited.
I
can't
wait
to
participate
in
the
ecosystem.
Yeah.
B
That's
fantastic
and
actually
that's
the
area
where
we
are
liking,
where
we
have
our
weakest
spot,
this,
the
promotion
and
they're
spreading
the
world.
Unfortunately,
don't
have
any
person
who
is
doing
this
really
and
it's
a
lot
of
work
I.
Do
it
a
little
bit
but
I'm
limited
I
need
to
do
a
development
and
other
stuff.
So
anybody
who
well.
B
Anybody
who
is
time
and
motivation
and
the
right
mindset
to
join
us
and
help
us
on
this
area
would
be
super
welcome,
especially
also
for
the
Dow
yeah.
We
we
need
to
make
it
public
that
people
know
about
it
and
and
yeah
I
said.
With
this
contribution
request,
we
have
now
a
model
incentive
model
which
is
beyond
the
few
altruistic
motivations,
and
hopefully
this
will
will
work
out
well
great.
A
Well,
we've
got
one
last
comment:
I
wanted
to
mention
from
our
wonderful
listener
and
watcher
who's,
very
intelligent,
knowledgeable,
always
helping
out
people
on
the
chat.
I
want
to
give
a
big
shout
out
to
Paula
green
she
she's
she's,
often
on
you
know
our
live,
chats
and
she's
very
knowledgeable,
I
believe
she's
a
miner,
but
her
comment,
just
now
was
cool,
show
guys
well
done.
Tough
subject,
hope
this
guy
can
build
a
decentralized
oracle.
She
was
talking
about
Jim
Bell
on
the
on
the
chat
and
it's
it.
A
This
is
there's
there's
all
sorts
of
challenges
in
this
space.
Now
that
we've
got
decentralized
money,
there's
so
many
other
things
to
decentralized
and
the
exchange
was
a
really
big
part.
Everyone
saw
the
need
for
it
six
years
ago,
but
it
took
Monterey
kaha
from
Oberoi's
device
to
put
it
together
and
to
really
bring
this
dream
to
life,
and
now
we,
the
users
and
contributors
to
the
platform,
are
all
benefit
from
your
efforts.
A
Big
THANK,
YOU
and
big
love
from
all
of
us
out
here
in
in
Bitcoin
land
and
I,
just
wanted
to
say
to
our
listeners
and
Watchers
that
you
should
go
to
bisque
dot
IO.
That's
bis,
qgo
and
check
out
the
forum's
download.
The
software
use.
The
software
make
the
market
make
it
happen,
protect
your
privacy
there's
no
better
way
to
buy
and
sell
Bitcoin
at
a
distance
unless
you're
getting
you
know
unless
you're
gonna
go
meet
somebody
and
have
a
knife
in
your
pocket
like
tone
bass.
A
Talks
about
you're
gonna
need
a
tool
like
this
to
get
that
done,
it's
a
much
better
way,
and
it
feels
great
when
you
do
that
trade
you're,
like
wow
the
only
person
that
knows
I
did,
that
is
the
person
that
just
paid
me
or
who
I
just
paid
some
fiat
to,
and
that's
the
only
people
that
know
that
that
happened,
I
guess
and
the
bank.
But
in
any
case
thank
you
so
much
once
again
and
I
hope
to
catch
up
with
you
and
talk
about
how
the
DAO
is
going
perhaps
end
of
the
year.
Yes,.