►
From YouTube: Blockchain Hub Davos | Day 0 (Bonus Day!)
Description
Blockchain Hub Opening Day: Programming & Announcements
Fireside Chat: Not for the Faint of Heart: Reflecting on Decades of Wins, Losses, Bulls & Bears
Announcements:
The State of Enterprise Blockchain Adoption 2023 Report
CVVC Top 50 Report
Increasing Liquidity in the IP Space
A Mobile Wallet Built for the Next Decade
Making DeFi Accessible to Mainstream Businesses
Casper Shops: Cracking the Code for Web3 Commerce
Introducing CasperSwap: Digital Asset Management, Simplified
Gameswift: Bringing Web3 Gaming to the Masses
Fireside Chat with Ken Moelis
Panel: The Outlook For Crypto In 2023 & Beyond
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A
Ladies
and
gentlemen,
we
will
be
starting
in
one
minute.
Please
take
your
seats,
make
sure
that
you're
not
blocking
any
camera
footage
we'll
be
starting
things
in
about
60
seconds,
so
make
your
way
into
the
back.
If
you
don't
have
a
seat
available
to
you,
we'll
be
starting
right
now.
Thank
you.
So
much.
B
A
The
laptop
of
your
neighbor,
we
don't
want
to
be
replacing
any
Electronics
anytime
soon,
so
just
be
mindful
of
the
people
around
you
and
in
terms
of
what
today
will
look
like
we'll
be
kicking
things
off
with
a
fireside
chat,
as
I
mentioned,
we'll
be
heading
off
into
a
couple
of
PR
announcements
and
me
immediately
after
the
fireside
chat.
So
I
have
30
minutes
of
these
lovely
gentlemen
on
stage
followed
by
another
30
to
45
minutes
of
some
very
exciting
announcements
from
various
partners
that
are
joining
us
this
week.
A
We'll
have
a
quick
break
after
that
to
let
you
get
upstairs
grab
some
fresh
air
grab,
some
refreshments
and
we'll
be
back
downstairs
at
6
45
to
continue
with
just
two
short
bits
of
programming,
one
sort
of
additional
fireside
chat
and
another
panel
discussion
at
the
very
end,
and
then
we'll
be
happy
to
keep
you
here
at
the
Hub
enjoy
the
networking
until
around
10
pm.
All
right,
I've
spoken
enough,
so
I'm
very
excited
to
hand
the
mic
over
to
these
three
fellows.
A
We're
kicking
things
off
with
a
fireside
chat,
not
for
the
faint
of
heart,
reflecting
on
Decades
of
wins
losses,
bulls
and
bears
and
I
think
there's
no
one
better
to
have
this
discussion
and
no
one
better
to
moderate
the
discussion
than
Michael
Casey
chief
content
officer
at
coindesk.
He,
of
course,
is
joined
on
stage
by
none
other
than
Anthony
scaramucci
founding
and
managing
partner
at
skybridge
Capital,
as
well
as
David
branch
chairman
of
consensus
Capital.
Let's
give
them
a
very
warm
welcome.
C
So
I'm
a
mutual
player
in
this
I
don't
have
a
have
a
real
horse
in
this
race,
but
I,
don't
think
I'd
call
myself
a
skeptic
right,
I've
been
covering
this
thing
for
10
years
and
I
tend
to
think
that
it
is
definitely
here
to
stay
However,
let's
just
for
the
sake
of
the
conversation
I'm
going
to
sort
of
adopt
the
role
of
what
is
now.
Probably
you
know
an
emboldened
skeptic
out
there
right.
There
is
the
there
is
the
classic
mainstream
view.
C
Now
that
I
told
you,
so
you
know
these
guys,
look
how
crazy
they
are.
Look,
look
look
at
what
they've
done
to
the
world
and
everything
associated
with
crypto
is
just
a
disaster
and
we
need
to
shut
the
damn
thing
down,
which
of
course,
is
impossible,
but
that
perspective
I
think
is
a
useful
one
for
the
industry
to
adopt
to
try
to
understand
how
do
you
get
through
this
right
so
on
that
Mr
scaramucci?
C
Let's,
let's
go
there
right,
because
there
are
some
people
who
were
exposed
to
FTX
and
had
investments
in
it,
some
who
knew
about
it.
So
we
covered
it.
We
used
to
talk
to
it,
Sam
bankman
Street,
a
lot
on
coin:
ask
you
we're
quite
tightly
involved
with
them
and
what
what
went
wrong
I
mean
what
what
is
your?
What
what's
your
take
on,
how
we
got
to
the
situation?
So
you
were
there.
G
D
That
up
front,
you
know
my
old
boss,
Lloyd
blank
finder
used
to
run
gold
means
I,
just
remember
remind
people.
He
gave
you
the
money
so
we'll
just
start
there,
but
I
had
a
close
relationship
with
him,
and
so
what
I'm
not
going
to
do
for
this
audience
or
any
audience
is
revised.
History
I
considered
him
a
friend
I
got
to
know
his
dad.
His
dad
was
a
tenured
professor
at
Stanford
law
school.
He
taught
taxation.
There
I
worked
on
a
charity
with
his
aunt.
D
We
went
down
to
Miami
Kevin,
O'leary
and
I,
and
we
did
a
mock
shark
tank
for
these
young
children.
I
fell
close
to
him.
I
fell
close
to
his
family,
so
I
have
to
tell
you
that
the
Betrayal
and
the
fraud
it's
bad
on
a
lot
of
different
levels.
It
certainly
hurt
me
reputationally,
but
I'm
just
talking
about
the
visceral
relationship
with
somebody.
If
anybody
here
has
read
Dante's
Dante,
alighieri's
Inferno,
you
know
what
the
ninth
circle
of
hell
is
reserved
for
right.
D
What's
the
Ninth
Circle
it's
for
the
Betrayal
of
a
friend
who
lives
with
the
devil
and
the
ninth
circle
of
hell
on
the
frozen
lake,
it's
Judas,
the
betrayer
of
God
and
Brutus,
the
betrayer
of
the
state,
and
so
when
you
have
a
friend
that
betrays
you
like
that,
it
it
really
sucks.
But
that
doesn't
mean
it's
the
end
of
blockchain
or
crypto.
B
H
B
C
Money's
worth
today
look
David,
so
let's
just
pick
up
on
this
I
think
I
want
to
just
take
a
little
bit
of
what
Anthony
was
saying
and
think
of
this.
You
know
you
met
the
parents,
you
met
the
guy.
You
liked
him
right
this.
This
is
I,
think
the
essence
of
the
problem
in
a
way,
not
to
say
that
you
shouldn't
have
been
as
we
all
do
this,
but
there
is,
if
you
sort
of
dissect
the
FDX
crisis,
it
was,
it
wasn't
a
failure
of
blockchain,
it
was
a.
C
It
was
an
absolutely
completely
100
human
failure.
It
was
an
excessive
amount
of
trust.
I
mean
everybody
keeps
asking
the
question:
what
on
Earth
was
Sequoia
Capital
doing
you
know
on
Blackstone
for
that
matter,
or
you
know
the
Ontario
teachers
who
just
put
all
that
money
and
didn't
even
ask
the
questions,
partly
because
they
just
said
I
trust
this
guy
and
and
as
Anthony
was
saying.
This
is
the
the
reason
why
this
technology
is
supposed
to
be
built.
So
everybody's
supposed
to
have
known
that,
how
do
we
still
fall
for
these
problems?
E
Do
people
I
think
yeah,
but
I
think
you
have
to
separate.
So
in
our
space
we
have
investors
and
we
have
speculators
right
and
unfortunately,
these
speculators
is
a
short-term
Vision.
So
we
have.
We
have
a
rush
to
get
money
into
a
project
with
the
idea
of
flipping
it
to
the
greater
full.
Very
sooner
so
we
see
ourselves
more,
an
investor
right.
We
look
at
like
a
five
to
ten
year
timeline.
I
also
say:
if
you've
been
in
this
business
for
10
years,
it's
impossible.
E
You
didn't
come
across
a
scammer
I've
had
I've
had
I've,
had
great
relationship
with
people
and
I
put
a
lot
of
trust
in
that
ended
up
burning
me.
Unfortunately,
I
don't
have
unlimited
time
to
get
to
know
you
at
a
level
now
I'm
a
little
bit
different
because
we
invest
our
own
money.
It's
my
family
office.
So
when
I
invest
my
money,
I,
don't
have
any
responsibility
to
anybody
else,
so
that
that
for
me
not
having
that
that
fiduciary
responsibility
is,
is
a
good
feeling.
But
you
know
we
can't
allow
these
little
things
disreless.
E
Now,
yes,
the
the
opponents
to
crypto.
They
love
these
moments.
To
say,
I
told
you
so
but
again
as
far
as
I'm
concerned,
this
was
not
a
blockchain
problem.
It's
a
blockchain
PR
nightmare
at
a
highest
level,
but
if
we
had
been
eating
our
own
dog
food
right,
this
would
not
have
been
a
problem
because.
E
E
But
what
is
blockchain
supposed
to
be
it's
supposed
to
be
that
I
don't
need
to
rely
on
a
intermediary
I,
don't
need
to
rely
on
trust,
and-
and
for
me
that's
the
you
know
that
is
the
part
that
is
is
is
most
concerning,
because
what
was
the
issue
there,
we
still
don't
know
the
level
of
the
fraud
or,
if
it
was
fraud.
What
we
do
know
with
100
is
we
were
using
eLiquid
assets
to
loan
money
right
which
which
shouldn't
have
been
done,
but
nobody
knew
those
extent
of
those
liabilities.
Why?
E
C
E
So
I
mean
again,
you
know
I'm
a
big
believer
that
we
can
solve
problems
right
and
you
know
the
the
biggest
problem
for
me
in
this
was
you
know.
Luna
was
was
bad
right,
but
at
least
it
was
with
experienced
people
on
blockchain.
They
had
bit,
you
know
bought
into
the
blockchain
world,
but
this
was
mon
Park.
Coming
into
the
you
know,
the
blockchain,
the
first
time
they're
watching
a
Super
Bowl
ad
they've
seen
their
their
favorite
quarterback.
E
C
How
do
we
move
from
this,
probably
yeah?
How
do
we
move
from
it
and
we've
talked
you
know
like
the
some
respects.
This
is
the
if
you
believe
that
this
is
going
to
build
something
valuable
for
the
world,
then,
and
as
you've
been
in
the
Internet
space
for
a
long
time,
then
maybe
this
is
the
best
time
of
all
to
investors
to
start
to
build.
E
Well,
we
went
through
these
in
the
internet
right
so
this
this
is
not
new.
We
had
tons
of
scandals,
you
know
in
the
early
net
the
whole
you
know,
IPO
craze
is
we
had
the
pets.com
of
the
world.
You
know
we
had
the
van.
You
know.
We
had
many
things
along
that
that
Journey,
but
that's
what
you
know.
That
is
what
builds
the
technology
for
the
future
right.
C
D
And
I
went
to
the
Yale
School
of
Management
seminar
and
Jeff
sonnafel,
the
dean
he
had,
probably
75
CEOs
from
the
fortune
250
and
all
these
different
luminaries,
and
he
asked
me
to
speak
and
he
first
thing
he
did
was.
He
showed
me
on
CNBC
announcing
the
deal
with
Sam,
pretty
happy
to
be
a
candidate,
and
then
he
showed
eight
weeks
later
me
coming
out
of
the
Bahamas
being
interviewed
by
Andrew,
Sorkin,
more
or
less
saying,
there's
a
huge
problem.
D
I
didn't
want
to
call
it
fraud
at
that
time,
I'm
comfortable,
calling
it
fraud
now
and
I
can
explain
to
you
why,
but
I
didn't
want
to
call
it
fraud
at
that
time.
Why
am
I
bringing
this
up
the
message
that
I
left
those
people
and
the
younger
people
there
is
that
I
made
a
mistake
being
involved
with
him,
but
I'll
probably
make
that
mistake
again
I'm
going
to
explain
to
you
why?
Okay,
you
don't
go
from
a
blue
collar
neighborhood
like
me.
D
Without
throwing
the
ball
and
what
happens
when
you
throw
the
ball,
you
get
intercepted,
you
get
sacked
you
fumble
the
ball
and
I'm
a
high
profile
person.
So
my
mistakes
get
wildly
magnified
totally
fine,
but
I'm
not
gonna.
Stop
the
risk.
Taking.
There
was
a
gentleman
walking
around
here,
24
25
years
old.
D
He
had
a
hoodie
and
a
t-shirt
on,
and
his
name
was
Mark
Zuckerberg
and
people
looked
at
him
and
said
what
the
hell
and
he
turned
out
and
the
company's
not
worth
a
trillion
dollars
now,
but
he
went
from
zero
to
a
trillion
dollars
and
I
thought
Sam
was
the
Mark
Zuckerberg
of
crypto.
I
did
not
think
he
was
the
Bernie
Madoff
of
crypto.
Okay
and
I
got
it
wrong.
D
Okay
and
I
can
explain
to
you
how
I
got
it
wrong
and
I
can
take
you
through
it
and
I'd
like
to
do
that,
because
I
don't
want
you
to
experience
what
I
have
experienced
and
what
my
team
has
experienced.
So
I
have
no
problem
talking
about
it,
no
problem
addressing
it,
but
here's
the
thing
I'm
telling
you
it's
not
going
to
stop
me
and
I
would
imagine
it's
not
going
to
stop
David
from
taking
risk.
You
have
to
be
willing
and
comfortable
to
take
risks.
Now
there
were
a
lot
of
people
at
that.
D
Yale
thing
that
are
inside
the
comfort
and
sanctity
of
a
large
corporation
and
they
could
never
deal
with
the
self-conscious
experience
of
having
that
big
of
a
high
profile
failure,
and
you
know
what
I
say
about
them
too:
bad
okay,
because
this
is
a
way
better
life
to
be
an
entrepreneur
even
with
the
ups
and
the
Downs.
Absolutely
so.
C
You
have
like
that
yesterday,
I
think
it
was.
The
news
was
out
that
you've
now
invested
in
another.
It's
in
Brett
Harrison,
who
you
last
time
you
and
I
were
together
was
the
welcome
reform
in
May
on
stage
with
Brett
Harrison,
who
was
then
the
head
of
FTX
us,
and
he
now
has
his
own
an
eventuality.
So.
B
D
Seconds
and
give
David
a
chance,
though,
but
I
I
was
a
seed
investor
in
something
called
Ledger
x,
and
so
we
helped
Ledger
ex
grow
when
I
met
Sam,
and
he
explained
to
me
his
vision
for
the
U.S
I
introduced.
Zach,
Dexter
and
Sam
Sam
ended
up
buying
that
business
and
incorporating
it
into
FTX.
Us
I
will
point
out
David
mentioned
regulation.
The
regulation
in
the
United
States
probably
protected
FTX
U.S
and
Ledger
X.
So
it
is
my
belief
that
Brett
didn't
do
anything
wrong.
D
I
took
my
personal
money
and
my
son
actually
through
his
fund
and
me
personally,
invested
in
his
new
business,
because
let
me
tell
you
something:
okay,
when
your
friends
are
getting
hit
and
your
friends
are
down
run
towards
your
friends,
don't
be
like
all
the
spineless
jelly-led
people
that
you
know
that
run
away
from
your
friends
when
they're
having
a
problem.
Okay,
I,
don't
want
to
ever
be
that
guy,
okay
and
your
children
are
looking
at
you
too.
Okay,
so
you
gotta
back
your
friends.
C
C
E
C
E
Be
44.,
listen,
I,
don't
have
unlimited
time
to
spend.
You
know.
I
mean
this.
This
space
is
accelerating
at
such
a
pace.
There
was
a
time
probably
2015,
I
think
I
knew
everything
in
the
space.
I
knew
everyone
in
the
space
my
God
I
feel
like
even
though
I
spend
you
know,
300
days
out
of
the
Year
being
involved
in
this
space,
I
probably
only
understand
30
of
what
is
really
going
on
in
the
space
it
is.
E
It
is
truly
remarkable
the
exponential
growth
we're
seeing-
and
so
you
know
those
are
the
things
that
I
look
at
right.
I've
seen
the
new
entry
of
talent
coming
in
here,
I'm,
seeing
people
and
again
to
the
FTX
thing.
It's
one
of
the
things
we
have
the
hardest
problem
with
with
our
investments.
Is
that
once
they
get
a
certain
size
is
to
try
to
tell
that
person,
you're
no
longer
ready
to
be
the
CEO,
and
you
right
and
that's
the
problem.
Is
we
have
a
lot
of
kids?
I
mean
all
of
a
sudden
they're.
E
You
know
they're
managing
20
billion
dollars
and
the
amount
of
Regulation
compliance.
The
things
that
you
can
do
to
get
yourself
in
trouble
at
that
scale
is
it's
so
easy
to
walk
down
a
path
where
you
make
a
mistake
and
just
think
I
can
cover
this
up
with
this
small
little
transfer
and
there's
just
Spirals
and
we've
seen
this
many
times.
So
you
know
like
I,
say
I
hate
to
say
this,
but
we,
you
know
it's
nice
to
see
the
big,
the
adults
coming
into
the
room,
people
that
have
lived
through
these
things
and
they've.
C
C
E
So
yeah
I'm
I'm
kind
of
Lucky
in
that
sense,
because
you
know,
since
2015
I've,
given
up
on
cryptocurrency
cryptocurrency,
has
no
interest
to
me
at
all.
I,
don't
care
about
Bitcoin
I,
don't
care
about
those
I!
Don't
care
about
that!
You
know
I
care
about
utility,
and
you
know
what
utility
me
has
a
very
strong
definition.
Utility
is:
are
you
lowering
costs?
Are
you
increasing
Revenue?
It's
not
about.
Can
I
convince
somebody
to
buy
this
token
at
a
higher
price
and
I
always
say
I.
E
Think
the
worst
use
case
that
ever
came
out
for
for
blockchain
was
currency
it
just
it
just
put
a
Target
on
its
back
it
it.
It's
halted
a
lot
of
innovation,
because
people
are
afraid
like
we
have
a
lot
of
Enterprise
space
people
thinking
that
regulation.
You
know
they
don't
want
to
get
involved
when
what
they
want
to
do
with
the
technology
to
improve
business
processes
is
nothing
to
do
with
crypto
or
regulation
or
anything
else.
It
fits
within
existing
Frameworks.
C
E
Yes
or
no,
but
yes,
or
no,
think
about
this
last,
so
you
know,
if
you
look
at
like
2017
I,
think
each
cycle
we're
finding
that
speculation
is
becoming
a
less
of
a
piece
of
the
puzzle
right
up
till
2015
2017
I
mean
it
was
only
Bitcoin
or
ethereum
right.
There
was
no
other
things,
then
we
start
seeing
you
know
we
we're
adding
into
our
ecosystem.
We
have
nfts,
we
have
defy
adding,
and
these
are
the
building
blocks
bringing
marginal
utility.
E
You
know
our
next
phase,
I've
I
I,
suspect
that
we
are
going
to
have
a
very
high
standard
for
the
kind
of
companies
that
we're
going
to
invest
in
more
than
before.
Right.
If
you
look
at
what
2017
icos,
why
would
you
take
a
white
paper
in
the
2020?
You
couldn't
just
come
with
a
white
paper
anymore
to
get
funded,
you
had
to
have
a
you
had
to
have
a
product
you
had
to
have
a
team
I
expect
in
our
next
phase,
we're
going
to
start
to
move
to
more
traditional
investment
principles.
E
C
C
People
so
money
money.
Does
you
know
it
brings
the
the
liquidity
it?
It
liquefies
the
process
of
innovation.
So
it's
always
there
right,
but
it
seems
to
me
that
one
of
the
problems
with
crypto
is
that
it's
just
the
Cycles
are
just
so
much
more
exaggerated
and
and
that's
problematic,
not
because
necessarily
the
money,
that's
one
or
or
lost
in
that
process,
but
really
more
about
what
you
talk
about
the
pr
nightmare
like
it
doesn't
present
a
particularly
positive
image
to
the
outside
world.
So
how
do
we
deal
with
that?
D
Well,
I
mean
you
know:
I
I
want
to
take
just
a
one
moment,
expand
on
what
David
is
saying
so
I
think
David
is
right
in
many
ways,
because
there
will
likely
be
three
or
four
cryptocurrencies
that
survive.
Maybe
it's
ten!
It's
not
going
to
be
20,
000,
I,
don't
think,
but
maybe
I'm
wrong,
but
I
think
what
David's
making
the
point
is.
What
is
the
blockchain?
D
It's,
this
wonderful
delayering
mechanism,
that's
going
to
take
middle
men
and
middle
women
intermediaries
out
of
our
transactions,
and
if
that
happens,
it's
going
to
unleash
a
wave
of
economic,
Innovation,
technological
and
otherwise,
and
so
at
the
end
of
the
day,
I'm
committed
to
that
I
think
you're
committed
to
that.
And
but
what
do
we
know
from
economic
history?
You
know
you
had
Jay
Gould
with
the
railroads.
You
had
a
situation
that
you
mentioned
with
these
different.com
companies
in
2000
you
had
Scandal
getting
the
aviation
businesses
started
and
I'll
leave
you.
This
thought.
D
You
know
14
years
into
Aviation,
1903
to
1917.
There
were
many
people
that
were
saying
there
was
no
commercial
application
for
Aviation
none
whatsoever
and
they
got
it
wrong
and
I.
Just
think
that
we're
too
short-sighted
about
these
things
and
I'll
just
say
something
that
CZ
said
last
week
in
Sam,
Moriches
I
think
it's
totally
true.
We
seem
to
be
on
a
four-year
cycle.
You
have
really
one
really
bad
year.
D
D
There
will
be
billions
of
people
streaming.
4K,
video
and
there'll
be
trillions
of
dollars
of
transactions,
and
so
you
know,
I
can't
predict
the
future,
but
I
can
observe
the
past
and
I
can
tell
you
that's
where
we
are
with
the
blockchain
we're
in
1998
for
the
blockchain
and
as
this
thing
evolves
and
as
these
use
cases
develop,
people
are
going
to
be
like.
Why
did
I
miss
that?
Why
did
I?
Let
the
media
scare
me
out
of
that.
Why
did
I,
let
Sam
bankman
freeze
scare
me
out
of
that.
E
Because
it's
called
marginal
utility,
So
I
entered
the
internet
in
1992..
Netscape
browser
didn't
exist,
it
was
FTP,
so
we
had
TCP
protocol.
That
was
it
it
had
been
around
since
the
70s,
then
around
I
think
it
was
93.
We
added
HTTP
okay
and
then
we
added
a
browser.
You
know
now.
At
that
time
we
used
to
call
it
the
digital
Yellow
Pages,
because
that's
basically
all
it
was,
it
was
just
a
brochure
I
scanned
it
I'd,
build
it.
Put
it
on
the
web.
E
I
could
never
foresaw
an
Uber
Eats
because
to
get
to
an
Uber
Eats
we
had
to
have
GPS.
We
had
to
have
digitized
Maps
right.
We
had
to
have
a
smartphone
each
of
those
added
a
margin
utility,
and
we
will
all
sit
here
one
day
in
this
room
and
we'll
think
why
didn't
I
think
of
that
business.
It
was
so
obvious,
but
it'll
be
obvious
when
we
start
adding
this
marginal
utility
and
we're
doing
that
in
you
know
this
industry.
That's
why
nfts
that's
why
D5
markets
were
important
right.
E
C
C
E
That's
why
I
like
to
separate
the
currency
from
the
thing,
so
we
have
web
3.0
coming
next
right
and
yes,
currency
is
a
component
of
that.
So
I
think
the
next
big
movement
in
in
our
industry
and
I
think
with
the
killer,
app
should
be,
or
probably
will
be,
is
personal
identity.
You
controlling
your
data
but
most
important.
The
idea
that
you're
going
to
be
able
to
monetize
your
data
and
that'll
be
a
big
shift
in
the
way.
E
It's
using
blockchain
to
again
eliminate
a
lot
of
the
middlemen
and
the
Googles
that
have
that
have
monetized
your
data
without
you
knowing
you
know,
you
think
it's
great
because
you
have
Gmail
for
free
right,
but
would
you
like
to
know
that
you're
actually
going
to
generate
70
a
month
and
bought
the
Gmail
program
for
3.99
a
month
right,
I
mean
and
I
think
what
we
know
we're
getting
there
and
we
have
to
because
centralized
servers.
We
know
centralized
data
repositories,
just
they
don't
work
right,
they're,
open
to
hackers.
It's
an
incentive
to
hack
it.
E
You
know
eliminating
incentive,
we,
you
know
we
have
a
pretty
good
use
case
now.
That
blockchain
is
is,
is
pretty
strong
right,
we've,
no
one's
hacked
Bitcoin
per
se,
so
you
know
I
think
when
we
get
to
a
distributed
data
kind
of
mentality.
You
know
you
take
away
that
incentive
for
hackers
to
try
to
be
hacking.
C
Now,
Anthony
one
reason
why
perhaps
it's
taken
a
while
I
mean
you
know
we
yeah
we're
in
1998,
as
you
said,
but
some
folks
saying
well,
you
know
we've
been
saying
we're
in
1988
for
quite
some
time
that
that
we
should
have
been
moving
further
than
we
are
right
now
and
it's
you
know
the
time
for
that.
Excuse
is
gone.
C
You
know,
I
I
tend
to
think
that,
in
fact
you
know
the
time
projection
for
something
as
dramatic
as
this
change,
because,
whether
it's
currencies
or
the
organizational
power
of
blockchain
it
is
actually
far
more
profound
than
I,
think
just
the
internet
itself.
It
literally
changes
the
structure
of
society
and
and
our
notion
of
trust,
which
is
a
profoundly
Deep
civilizational
thing.
So
when
you're
going
to
disrupt
something
as
big
as
that
you
gotta.
C
You're
talking
about
you
know
a
thousand
years
in
which
you
know
you
know
these
civilizational
models
were
built.
So,
but
having
said
that,
you
know
one
of
the
other
things
that
people
often
point
to
as
a
more
difficult
barrier
for
for
digital
assets
and
blockchains
to
get
through
than
say
the
internet
web.
C
You
know,
web
2
companies
had
is
regulation
is
the
fact
that,
because
you're
dealing
with
this
realm,
where
there's
money,
finance
and
value
involved,
you're
going
to
get
the
government
in
there
telling
you
you
can
and
can't
do
this
and
that's
clearly
an
issue
and
likely
to
get
tougher
again.
You
have
relationships,
you
know
on
the
hill,
you
you
talk
to
Regulators.
What
do
you
think
is
the
current
mood
and,
and
what
are
we
likely
to
see
as
a
result
of
this,
this
big,
you
know
conundrum
well,.
D
I
think
the
first
thing
I
would
say:
if
you
want
to
hurt
the
industry,
don't
regulate
it,
just
let
it
stay
as
the
wild
west
and
then
what
will
happen
is
you'll,
close
down.
Trust
and
it'll
really
hurt
the
industry
and
remember
you're,
not
regulating
the
blockchain,
because
the
blockchain
doesn't
need
to
be
regulated.
It's
a
pretty
airtight
technology,
you're
regulating
the
people
associated
with
the
blockchain,
and
so
unfortunately,
what
we
know
about
human
nature.
D
It's
Rife
with
people
like
Sam,
bagman,
free
and
that's
just
the
nature
of
it,
and
for
my
crypto
friends
out
here
or
in
the
world.
What
I
would
tell
them
go.
Look
at
the
banking
history
of
the
US.
The
banking
system
failed
in
1907.,
J.P
Morgan
stepped
in
to
save
it.
They
set
up
a
central
bank
notice,
the
FED
in
1913.
in
the
1920s.
D
The
banking
system
failed
again
they
set
up
the
ftic
and
they
set
up
very
burdensome
banking
regulation
and
they
set
up
the
SEC
in
1933,
okay
and
it
stabilized
things,
but
guess
what
you
still
had
fraud
Bernie
Madoff
was
one
of
the
most
audited
regulated
people
in
the
world.
He
committed
a
fraud,
and
so
this
industry
needs
the
regulation
now
I
have
libertarian
friends
in
crypto.
That
hate
me
saying
that
or
they
don't
want
any
regulation,
but
I'm
telling
you
right
now.
D
E
E
I
mean
it's
ridiculous
that
we
would
even
sit
here
and
say
the
device.
You
know
somebody
is
either
fiduciary
or
custodian.
They
should
have
no
regulations,
it
doesn't.
You
know
it
doesn't
do
good
for
the
industry.
I
mean
I.
Think
we
all
agree
here
more
than
even
regulation.
We
need.
You
know,
we
need
guidance.
We
need
to
be
able
to
find
things.
E
D
E
I
add
one
thing
to
the
regulation
thing,
because
it's
actually
one
of
the
things
that
excites
me
the
most.
To
be
honest,
is
you
know,
I
was
a
I
started
my
career
at
KPMG,
as
an
auditor
when
I
first
was
introduced
to
to
bitcoin
I
knew
this
idea
of
this
distributed.
Ledger
I
couldn't
put
my
finger
on
what
it
was
going
to
be
so
big,
but
it
had
like
a
profound
thing:
it
wasn't
until
2014
I
met
vitalik
and
he
he
opened
up
smart
contracts
and
then
it
was
like
that's
I
knew
it.
E
Don't
know
we
underestimate
what
I
think
I'm
losing
this,
but
you
know
we
underestimate
the
power
of
having
a
time
date
stamp
in
a
public
Ledger
as
an
accountant.
The
amount
of
time
that
we
spend
auditing
you
know
to
confirm
it's
called
confirmation
in
in
auditing.
It's
it's!
It's
it's
archaic.
You
know
we're
sending
out
these
confirmation
letters
waiting
four
weeks.
E
One
day
the
one
day
we
will
have
the
auditing
agencies
and
the
I'll
say:
USA
aicpa,
you
know
they
will
they
will
rely
and
they
will
certify
that
if
it's,
the
ethereum
blockchain
or
certain
blockchain,
that
we
trust
that
that
data
is
accurate
and
it's
immutable
and
I
always
like
to
give
the
example:
when
I
was
an
accountant
in
1990
1990,
we
couldn't
rely
on
Excel
spreadsheets.
The
summation
thing
is
an
accountant
we
had
to.
E
We
had
to
re-add
up
everything
because
we
couldn't
arrive
on,
but
eventually
the
aicp
is
iacpa
said
you
can
rely
on
the
Excel,
the
spreadsheet
and
we
will
get
that
way
and
for
me
that
will
be
a
massive
Catalyst
for
companies
wanting
to
reduce
their
regulatory,
their
compliance
because
again,
I
believe
if
you're
going
to
sell
utility
it
has
to
be,
there
has
to
be
cost.
There
has
to
be
value,
it's
not
just
doing
technology
for
the
sake
of
Technology
yeah.
C
It's
an
interesting
analogy:
Ian
Greg
the
cryptographer
talks
about
this
concept
of
triple
entry,
accounting,
and
so
that
you
know
you've
got
your
debit
and
you
credit.
Your
triple
is
the
immutable
Ledger
that
then
becomes
a
sort
of
like
the
permanent
proof
of
it.
So
interesting
idea,
look
I,
think
we're
probably
on
time,
but
I
was
told
that
maybe
I
might
get
a
couple
of
minutes
and
since
it's
a
big
sort
of
it
looks
like
enthusiastic
audience
and
since
these
guys
told
me
that.
C
C
G
A
pension
fund
manager
and
I
don't
have
any
money
in
your
industry,
but
I
noticed
that
five
years
ago
this
industry
was
crying
out
against
regulation
and,
as
is
typical,
Scandal
comes
along
and
now
you're
clambering
for
it.
What
comes
with
regulation
is
commodification
and
Taxation
so
and
and
to
me,
blockchain
just
seems
to
be
an
interesting
piece
of
technology
that
you
can
set
into
a
whole
lot
of
existing
business
models.
But
there's
it's
a
very
special
technology,
but
why
should
it
if
you
get
into
a
commodification
and
a
regulated
and
taxated
Industry?
E
It's
exactly
what
blockchain
is
I
always
tell
people
blockchain
is
a
technology.
It's
a
tool
set
that
I
use
it's
no
different
than
my
database.
My
CRM
blockchain
doesn't
replace
everything
in
the
world.
There's
specific
use
cases
for
it.
So
you're
saying
like
five
years
ago,
we
had
a
big
libertarian
band
and
there
were
people
that
didn't
want
to
pay
taxes.
They
thought
that
this
was
way
to
do
it,
but
that's
ever
going
to
be
mainstream
adoption.
My
mother
doesn't
care
about
privacy,
she
doesn't
care
about.
E
She
pays
her
taxes
and
she
does
things
you
know
for
me.
I
always
say
blockchain
will
be
successful
when
you
don't
even
know
you're
using
blockchain
you're
choosing
between
two
different
transactions,
one's
going
to
be
cheaper,
faster,
better
and
you're,
going
to
choose
that.
Because
of
that,
for
any
other
reason,
you're
choosing
it,
then
we've
lost
this
battle.
I.
You
know
I've
dedicated
the
last
10
years
of
my
life
for
nothing,
then,
if
it's
only
that
Bitcoin
is
going
to
help
tax
cheats
and
move
money-
and
you
know
save
our
goal.
E
D
I
just
give
you
an
analogy
to
think
about
is
the
cloud
if
people
in
2003,
for
they
came
to
your
office,
said:
okay,
here's
what
we're
going
to
do
we're
going
to
take
all
of
your
confidential
data
and
we're
going
to
store
it
on
our
server
and
a
lot
of
people
are
like
what
do
you
mean?
Why
would
I
do
that?
And
there
was
a
lot
of
skepticism
about
it,
and
now
almost
every
large-scale
technology
company
has
a
Cloud
Server
and
all
of
us
have
accepted
it
believe
it
or
not
in
power
generation.
D
If
you
went
back
to
the
1900s
Edison
created
the
electric
light,
we
all
had
power
generators
at
our
house
at
least
the
wealthy
people
did
and
then
ultimately
people
said.
Okay,
we
don't
need
that
anymore.
You're
gonna
have
a
centralized
power
system,
that's
going
to
send
current
to
your
house,
and
then
people
accepted
that
I.
Think
of
the
blockchain
like
that.
D
Ultimately,
if
if
what
David
is
saying
is
true
you're
not
even
realizing
that
you're
doing
it,
but
you've
just
cut
out
intermediaries,
we're
at
the
restaurant,
you
take
out
your
smartphone,
you
pay
the
waiter
and
you've
now
bypassed
American,
Express,
Mastercard
and
visa,
and
you
save
three
percent.
That
is
a
big
cost
savings
I
own,
a
restaurant
in
New,
York
City
and
our
gross.
D
I
appreciate
that,
but
we
have
a
50
10
more.
If,
if
you
save
the
three
to
three
and
a
half
percent
from
American
Express,
that
margin
goes
up
twenty
percent,
you
can
either
reduce
the
prices
or
you
can
give
your
employees
more
money
to
take
home,
and
that
is
going
to
unleash
a
major
amount
of
economic
Innovation
but
I.
But
I
I
hear
you
but
I
think
that's
where
we're
going
I
think
you
need
to
think
about
it.
E
E
K
I
work
at
CX,
crypto
exchange
and
cable
stack,
so
Satoshi
has
allegedly
created
bitcoin
to
to
be
a
radical
new
system
to
create
more
equality
in
the
world,
go
against
Wall
Street.
However,
looking
at
Bitcoin
distribution
today,
we
probably
can
see
that
it's
I
guess
more
unequal
than
sub-Saharan
Africa
and
really
the
this
concentration
of
power
is
literally
within
people
who
moved
in
in
the
first
three
four
five
years
of
the
existence
of
Bitcoin.
So
how
do
you
do
we?
E
D
E
For
me,
you
need
to
separate
Bitcoin
from
the
blockchain
right.
So
from
my
perspective,
when
I
say
of
no
interest
in
currencies,
I
don't
have
any
interest
in
currencies
for
the
per
section,
but
I
love
the
idea
of
the
rail
system
right
where
you
can
have
stable
coins
and
Banks
can
move
money
and
a
person
can
have
a
be
bankless
right.
We
don't
need
Bitcoin
to
be
bankless
right,
I
can
use
stable
coins
in
a
country,
and
I
can
be
using
this
application
to
transact
store
stake,
earn
interest.
E
E
Right
but
right,
but
but
bitcoin's
a
very
specific
use
case.
Why
does
somebody
invest
in
Bitcoin
because
they
want
it
to
be
worth
more
in
the
future
right?
Exactly
they
don't
in
you
know
they
don't
invest
for
it
to
be
stable
or
anything,
but
99
of
our
life
is
operated
without
our
investment
mentality.
For
for
most
of
us
most
humans
on
the
planet
right
they
just
want
an
easy
way.
E
C
That's
really
interesting,
is
that
the
number
of
accounts,
a
number
of
addresses
holding
more
than
one
Bitcoin,
is
currently
rising,
which
is
interesting
because
it
implies
that
smaller
accounts
are
continuing
to
buy
and
and
what
I'm
guessing
is
the
cause
of
this
is
that
since
2018,
because
this
didn't
happen
back,
then,
we've
instituted
dollar
cost
averaging
and
these
sorts
of
relatively
sort
of
benign
but
continued
passive.
Investing
vehicles
that
actually
belong
to
lower
income
players,
they're
actually
continuing
to
roll
on
while
whales
are
actually
sort
of
downsizing
everything.
C
D
Make
one
Point
related:
that's
been
true
since
the
beginning
of
mankind
that
a
very
few
people
get
a
large
s
of
the
profits
and
other
people
are
not
left
with
as
much
but
I
think
there's
something
unique
going
on
in
the
world
right
now
that
we
have
to
address-
and
that
is
the
current
fiat
currency
system-
is
destabilizing
middle
and
lower
income.
People
and
I'll
just
give
you
the
example
of
my
dad,
because
I
price
his
wages
every
year,
my
dad's
1976
wages,
local
986
as
a
crane
operator
on
Long
Island.
D
Today,
the
purchasing
power
of
those
wages
is
down
30
percent,
okay
and
so
I'm.
Not
blaming
anybody
I'm,
just
pointing
it
out.
We
can
go
to
Bretton
Woods
wherever
you
want
to
go.
If
we
don't
come
up
with
a
system
where
people
that
are
working
with
their
time
are
able
to
store
value
and
we're
not
blowing
them
up.
Okay.
So
if
David
owns
a
beautiful
house
and
I
own
a
beautiful
house,
it's
going
to
go
up
in
price.
You
know:
Calvin
Klein
bought
his
house
in
the
Hamptons
for
3.7
million
dollars.
D
E
I
want
to
make
it
very
clear:
I
I
also
share
that
I
totally
agree
that
we
we
need
a
new
career.
The
problem
is
that
isn't
going
to
happen
in
a
year
right.
We
we
need
to
have
people
working
on
blockchain.
We
have
to
have
these
things
that
lead
in
to
want
to
to
participate.
In
this
moment,
I
really
do
believe
web
3.0,
as
I
said
earlier.
The
idea
that
I
start
earning
based
on
my
work
and
emergency
I'm
earning
other
coins
and
currencies
I
think
can
be
a
big
driver
for
that.
D
D
A
Okay,
so
so
much
I'll,
let
you
slowly
make
your
way
back
over
now,
as
has
been
mentioned
multiple
times
during
the
last
30
or
40
minutes.
One
of
the
things
we're
looking
forward
to
is
that
this
is
a
great
opportunity
to
focus
on
Building
Solutions,
for
those
of
you
that
are
making
your
way
out.
Please
do
so
quietly
because
we
do
have
program.
That's
continuing
so
do
make
sure
that
you're
not
clogging
up
any
of
the
stairwells.
If
you
do
have
an
announcement
that
you're
getting
ready
to
make.
A
Please
make
your
way
to
the
back
to
get
miked
up
now.
At
this
point
in
time,
I'd
like
to
call
a
number
of
people
up
to
share
exactly
what
it
is
that
they've
been
working
on
again,
we
have
a
number
of
announcements
that
are
looking
at
what
is
going
on
in
the
last
six
to
12
months,
what's
happening
in
the
coming
six
to
12
months
again
for
those
of
you
that
are
making
your
way
out,
please
do
so
quietly.
If
you
do
wish
to
talk
to
any
of
the
speakers
feel
free
to
do
so
upstairs.
A
Let's
make
sure
that
we
don't
inhibit
the
lovely
people
that
will
be
taking
the
stage
in
a
second
from
getting
their
Fair
bit
on
stage
so
again
for
those
of
you
that
are
over
in
the
corner.
Let's
make
sure
that
you
leave
quietly
for
those
of
you
that
have
been
standing
in
the
back
feel
feel
free
to
grab
any
of
the
seats
that
are
opening
up
in
the
front,
don't
feel
like
you
have
to
remain
standing
in
the
back.
We
have
plenty
of
opportunity
for
seating
right
up
here,
all
right.
A
So,
let's
move
on
into
the
first
announcements
again
to
the
guys
over
in
the
corner,
hello,
everyone,
let's
make
sure
that
we
exit
quietly
all
right.
So,
let's
head
on
into
the
very
first
announcement,
taking
a
look
at
the
state
of
Enterprise
blockchain
adoption
in
2023
Casper,
our
lovely
host
for
the
next
four
days
has
taken
a
closer
look
at
just
what
that
trend
is
looking
like
how
are
large
corporates
getting
into
the
blockchain
game.
A
They
have
published
those
findings
in
a
report
and
joining
us
on
stage
now
to
present
some
of
the
findings
of
that
report
and
talk
about
some
of
the
trends
that
we've
been
seeing
over
the
past
12
months
and
for
the
coming
12
months.
Please
join
me
in
giving
a
very
warm
welcome
to
our
host
co-founder
and
CEO
of
Casper
Labs
Renault
manawar.
He
is
joined
on
stage
by
Matt
Coolidge
VP
of
Global
Communications
at
Casper
Labs.
Let's
give
them
a
very
warm
welcome.
M
Foreign
yeah
I
mean
going
on
after
scaramucci
is
always
you
know
not
the
best
thing
to
happen
by
the
way
the
hunt
and
fish
Club
is
an
awesome.
Restaurant.
The
first
time
I
went,
was
actually
with
David
Branch.
It's
funny
how
life
comes
around
full
circle
anyway,
hi
everyone,
I'm,
renal,
manohar,
CEO
and
co-founder
of
Casper
Labs
really
excited
to
have
all
of
you
here
at
the
blockchain
Hub.
M
M
So
I'll
tell
you
a
little
bit
about
Casper
labs
and
then
we'll
talk
about
a
report
we
put
together.
The
way
I
described
Casper
labs
to
most
people
is
where
the
equivalent
of
what
red
hat
was
to
Linux.
We
are
an
Enterprise
software
company.
We
happen
to
work
in
blockchain,
but
we're
an
Enterprise
software
company
and
what
we
do
is
help
companies
actually
reduce
costs
or
increase
Revenue
by
using
the
power
of
underlying
blockchain
technology.
M
Blockchain
technology
is
the
most
powerful
form
of
copy
protection
and
digital
certification
that
we've
ever
seen
and
what
this
means
for
Industries
like
real
estate
college
degree,
certification,
land,
Deeds
cars,
you
name,
it
is
massive.
This
is
a
multi-trillion
dollar
opportunity,
primarily
for
saving
cost
and
increasing
revenue,
and
that's
what
we
do
now.
M
We
happen
to
be
very,
very
data
driven,
and
so
we
used
a
third
party
to
help
us
find
out
what
are
Enterprises
actually
thinking
about
when
it
comes
to
adopting
blockchain
I
want
to
as
good
a
job
as
our
head
of
Global,
Communications
Matt,
so
I'll,
let
Matt
introduce
you
know
the
report
we've
put
together.
That's
shareable
and
hopefully
helpful
to
everyone
here
and
across
the
world
yeah.
J
Thanks
manal
and
just
echoing
your
sentiment,
want
to
welcome
everybody
in
this
room
and
everybody
watching
virtually
to
the
blockchain
hub,
2023
really
thrilled
to
have
you
here
and
please
do
come
back
early
enough
and
we've
really
got
a
phenomenal
four
days
of
really
fascinating
speakers
coming
representing
really
a
broad
array
of
topics
of
viewpoints
that
are
all
United
under
the
unifying
theme.
That's
going
to
drive
this
year's
agenda
of
restoring
trust
in
blockchain
we're
here,
because
we
feel
very
passionate
about
the
underlying
technology.
J
As
Bernal
mentioned,
we
don't
think
the
future
of
this
space
is
going
to
be
defined
by
the
ups
and
downs
of
cryptocurrency.
Now,
certainly,
if
you
have
been
following
the
headlines
for
the
past
year,
as
I
would
imagine,
everybody
in
this
room
has
you're,
probably
not
hearing
as
much
about
supply
chain
traceability,
as
you
are
the
implosion
of
decentralized
exchanges.
J
You
know
things
that
make
for
much
greater
headlines,
but
we
really
mean
what
we
say
when
we
say
that
the
future
of
blockchain
is
going
to
be
defined
by
Enterprise
adoption
and
the
utility
that
that
enables
there's
really
a
positive
data
out
there.
Today.
If
you
look
in
terms
of
really
gauging
that
sentiment,
what
does
the
market
think?
You
know
fantastic
headlines
aside
about
where
we
stand
with
blockchain
technology
and
blockchain
adoption
and
more
to
the
point,
how
are
organizations
today
using
blockchain
technology?
J
There's
really
no
data
that
we
could
find
over
the
past
six
to
12
months
that
really
effectively
answered
that
question.
So
in
December
of
2022,
we
partnered,
as
Renault
mentioned
with
zogbi,
analytics
a
third
party,
International
polling
firm
to
tap
600
c-level
Executives
from
organizations
with
a
thousand
or
more
people
across
the
US
UK
and
Chinese
markets.
J
I
J
Impacting
the
way
that
large,
Enterprises
think
and
and
the
decisions
they
make,
so
we
weren't
sure
what
we
would
find,
but
we
thought
this
was
a
very
relevant
time
to
go
out
and
look
for
these
answers
in
December
of
2022..
What
we
found
was
somewhat
surprising
in
in
the
most
positive
of
ways:
sentiment,
not
only
sentiment,
I
should
say,
but
actual
adoption
of
blockchain
technology
has
never
been
higher
from
this
survey,
and
I
will
not
read
through
every
single
result,
but
there
is
a
QR
code
here
on
the
monitor.
J
We
invite
everybody
to
download
and
take
a
look
at
this
report
when
you
get
a
chance,
I'll
just
share
three
key
takeaways
that
I
think
really
frame
the
rest
of
this
week
and
everything
that
you're
going
to
hear
an
overwhelming
majority.
87
of
respondents
do
plan
to
purchase
and
deploy
blockchain
technology
in
2023
in
the
next
12
months,
which
I
think
is
a
market
contrast,
and
you
know
departure
from
what
we've
seen
in
past
surveys,
which
is
basically
yes,
we
like
this
technology.
J
J
The
second
and
and
final
takeaway
I'll
share
from
the
report
and
again
there's
35
pages
of
you
know:
data
gold,
so
please
have
at
it
when
you
get
a
chance.
Even
amid
this,
this
sentiment-
and
this
you
know
ongoing
uptick
in
blockchain
adoption,
and
these
are
600
c-level
Executives,
keep
in
mind.
54
of
respondents
still
conflated
blockchain
with
cryptocurrency.
They
see
them
as
interchangeable
terms
and
one
in
the
same.
What
we
really
seek
to
do
here
this
week
is
start
a
really
meaningful
dialogue.
J
That
really
proves
that
cryptocurrency
is
just
one
simple
application
of
a
much
more
significant
technology,
blockchain's
future
will
not
be
defined
by
cryptocurrency.
Blockchain's
Future
will
be
defined
by
the
utilities
that
it
unlocks.
So
again,
we
invite
you
to
take
a
look
at
this
report.
Dig
in
this
is
the
first
of
many
that
we're
going
to
be
issuing.
We
want
this
to
be
a
service
to
really
the
industry
as
a
whole
and
in
the
spirit
of
that
second
data
point
I
shared
about
conflating,
blockchain
and
cryptocurrency.
J
A
Thank
you
mrinal
and
with
that
I
already
get
to
welcome
the
next
gentleman
to
the
stage,
of
course,
doubles
is
a
very
well-renowned
City
in
its
own
right.
It
is
SmackDown
in
the
lovely
Mountainside
of
Switzerland.
Switzerland,
of
course,
is
no
stranger
to
the
web
3
space.
We
are
the
proud
home
to
crypto
Valley
Liechtenstein,
our
friendly
neighbor
included,
of
course.
But
what
exactly
does
crypto
Valley?
Look
like
what
is
the
current
state
of
the
crypto
space
here,
specifically
in
Switzerland
and
Liechtenstein,
wonderful
news,
you
don't
have
to
guess.
A
The
next
gentleman
can
shed
some
light
on
exactly
those
questions,
I'm
pleased
to
Welcome
to
the
stage
Olaf
Honeyman,
co-founder
and
CIO
of
cvvc
he's
sharing
some
news
regarding
the
annual
CBBC
top
50
reports.
That
takes
a
look
at
the
developments
here
in
Switzerland
nitinstein.
All
around
web3
welcome,
Olaf.
F
Thank
you
very
much,
thank
you
Tracy
and
thanks
everyone
for
being
here
and
your
interest,
and
also
thanks
again
to
our
partners
at
Casper
labs
for
allowing
us
to
co-organize
this
event
with
you
with
you
in
Partnership
and
I.
Think
it
echoes
well,
because
what
I
just
heard
is
exactly
our
theme
as
well
at
CVC.
We
want
to
talk
about
and
hype
the
use
cases
as
opposed
to
Hype
the
technology,
because
that's
always
how
you,
you
know
Foster
a
technology.
F
Is
you
convince
people
about
the
use
cases
and
what
can
be
built
as
opposed
to
you
know
the
fundamental
understanding
of
a
technology
now
I
see
I'm
starting
from
the
back
here
so
each
year,
as
Tracy
alluded
to,
we
are
publishing
what
we
call
our
top
50
report.
This
is
portraying
the
Swiss
blockchain
ecosystem,
which,
as
you
know,
is
one
of
the
most
relevant
and
mature
in
the
world.
We
do
by
the
way
the
same
for
Africa.
We
have
done
the
same
initially
last
year
for
Berlin.
F
This
is
the
eighth
edition,
so
you
can
check
out
prior
reports
and
just
want
to
report
some
of
the
findings
for
those
who
want
to
dive
into
the
details.
The
report
will
be
on
our
webpage
from
tomorrow
morning,
7
A.M,
so
you
can
download
the
report
tomorrow
morning.
Key
findings
are
as
follows:
in
Switzerland,
we're
looking
at
1135
blockchain
companies
startups
projects
that
work
in
the
space
which
you
know
again.
A
lot
of
reference
will
be
made
to
last
year
is
by
and
large
flat
versus
last
year,
so
slightly
up,
but
it's
flat.
F
Compared
to
last
year
we
had
190
I,
think
new
projects
and
and
roughly
180
that
gave
in
so
constant
development
there.
What
we've
done
the
first
time
is.
We
separated
the
platform
project
versus
the
companies
that
build
applications
based
on
those
platforms
or
service
providers,
say,
for
example,
the
crypto
Banks,
and
we
separated
that
out
in
the
analysis,
also
in
the
valuation,
because
that
is
quite
relevant.
F
This
is
then
detail
that
you'll
find
in
the
report
on
how
we
lay
this
all
out
and
how
we're
mapping
the
players
by
sector
by
segment
on
the
top
50
side,
the
valuation
of
the
top
50
companies
is
at
185
billion.
Now
those
who
follow
us
regularly
and
those
who
follow
the
markets
will
assume
it's
gone
down.
Obviously,
last
year
it
was
roughly
600
a
billion.
F
Having
said
that,
this
is
still
the
second
highest
year
since
we
started
the
report
right.
So
if
you
look
at
it
from
a
long-term
basis,
this
is
all
still
very,
very
positive,
and
the
split,
as
you
can
imagine,
is
vast
majorities
platforms
and
a
small
amount
of
roughly
10
billion
is
companies
that
build,
but
there's
still
that
10
billion
of
value
in
those
companies
that
build
again
in
the
report,
you
will
find
more
details
and
you
will
assume
right.
Ethereum
is
the
dominant
one.
F
Having
said
that,
percentage
dominance
also
has
deteriorated
over
time,
which
means
other
projects
become
stronger
and
more
relevant,
and
what
we
obviously
like
to
see
at
CVC
is
dot
that
build
on
this.
Technology
has
seen
a
steady
increase
also
last
year,
so
hence
the
company
evaluations.
So
these
are
the
ones
where
we're
not
looking.
At
a
token,
these
are
the
ones
that
are
building
where
we're
assuming
either
an
equity
valuation.
F
Looking
at
the
last
financing
round,
valuation
of
those
companies
has
actually
gone
up
by
55
and
it's
the
first
time
that
we're
actually
seeing
two
unicorns
also
in
this
space,
whereas,
as
you
can
imagine
the
valuation
of
the
platforms
minus
a
good
seven,
seventy
percent-
you
still
see
seven
unicorns
there
I
think.
Last
year
we
were
at
14
Consolidated
unicorns
in
Switzerland
this
year,
we're
at
nine
so
we're
down
five
good
to
say
this
is
just
on
the
valuation
level.
F
So
all
of
these
companies
are
still
active
that
were
there
before,
and
this
is
how
it
is
split
so,
first
time
that
we
see
these
companies
that
build
in
addition
to
the
platforms
getting
unicorn
valuations,
which
is
great
in
terms
of
employees
also
for
Switzerland,
as
a
small
country
very
relevant,
you
count
5760
some
employees
in
total,
so
that's
roughly
a
flat
or
minus
four
percent,
which
is
also
very
positive
in
the
current
market
environment.
Interestingly
enough
of
the
top
50
companies,
they
have
continued
to
grow.
F
F
In
terms
of
the
progress
that
we've
seen
clearly,
I
think
that
balanced
group
of
platforms
versus
companies
that
build
demonstrate
Switzerland
is
a
good
home
for
both
the
base
layer,
technology
and
the
utility
the
people
that
build.
We
do
see
a
lot
of
international
projects
that
have
their
home
there
and
that
are
very
decentralized
and
drive
value
all
over
the
world,
but
from
a
strong
base
in
Switzerland,
and
we
also
have
again
confirmed
there's
a
lot
of
worlds.
First,
I
mean
for
a
few
years
ago
we
had
the
first
crypto
Banks.
F
When
you
look
at
the
report,
there
will
be
a
few
other
worlds.
First,
in
terms
of
major
projects
coming
out
of
this
country
in
terms
of
the
Outlook
given,
obviously
the
current
market
environment
our
take
is
focus
is
on
right,
sizing
and
building.
There's
a
question
mark
on
in,
in
our
mind,
on
D5
versus
C5,
because
we
do
see
the
banks
and
the
big
Banks
coming
in
heavy
they're,
fully
committed.
They
won't
go
away.
They'll
keep
investing
corporates,
we
think
nft
is
the
entry
drug
for
corporate
applications.
F
If
you
will
and
you'll
see
much
more
to
come
and
then
for
us
a
big,
interesting
question
mark
in
a
positive
way
how
this
can
play
out
for
blockchain
technology
is
the
interrelation
between
blockchain
and
artificial
intelligence
and
the
the
the
the
the
the
the
the
the
challenges
and
the
opportunities
blockchain
can
bring
jointly
with
AI
to
the
world.
Maybe
in
closing
a
few
words
what's
next
from
us
at
cvvc,
we
obviously
invest
in
blockchain
startups.
We
will
run
the
batch
5
of
our
Global
acceleration
program
from
March.
F
We
are
closing
our
current
fund
for
new
investors
in
the
coming
weeks
and
we
will
launch
an
Africa
dedicated
fund
as
we
speak,
and
then
later
this
year,
we'll
launch
a
vintage
two
Global
Venture
Capital
fund,
as
well
as
the
web,
3
private
token
fund
reach
out
to
any
of
us
investment
team
raise
your
hands
back
row.
If
you
want
to
speak
and
Sita
is
pitching
somewhere.
If
you
want
to
speak
about
the
fundraise
or,
if
you're
a
startup,
and
you
want
to
talk
about
the
acceleration
program.
Thank
you
very
much.
A
Foreign,
thank
you
so
much
moving
on
from
reports
that
take
a
wider
look
at
developments
in
the
web.
3
space,
we're
moving
into
specific
use
cases
and
first
up
is
IP
intellectual
property.
Moving
on
to
our
next
announcement,
I'm
very
pleased
to
welcome
Mia
Mixon
vice
president
of
marketing
and
Communications
at
ipe
she'll
be
taking
a
closer
look
at
increasing
liquidity
in
the
IP
space
Mia.
The
stage
is
yours.
L
Thank
you,
hello.
Everyone
on
January,
18th,
ipu
Inc,
a
global
Innovation
leader
in
Ai
and
blockchain
based
IP,
analytics
softwares
and
services
that
was
founded
in
2018,
and
the
only
company
that
is
currently
digitally.
Transforming
intellectual
property
with
both
Ai
and
blockchain,
is
making
two
revolutionary
announcements.
L
The
first
announcement
is
the
launch
of
our
smart
intangible
asset
management
solution,
Siam
a
comprehensive
intellectual
property
management
system
for
SAS.
The
second
announcement
is
the
deployment
of
25
million
patent
nfts
on
Casper
blockchain,
the
largest
Enterprise
blockchain
deployment
in
history.
Siam
is
the
only
IP
management
solution
that
enables
Enterprises
to
do
the
following.
L
First
generate
valuations
of
their
entire
IP
portfolio.
Second,
access
insights
into
their
competitor's
IP
portfolio.
Thirdly,
determine
their
IP
budget
by
discovering
where
opportunities
lie
in
their
portfolio.
Fourth,
digitally
transform
their
IP
into
patent
nfts
for
secure
Management
on
the
blockchain
and
finally,
access
monetization
opportunities
on
Scion
ipue,
digital
assets,
the
25
million
patent
nfts
being
deployed
on
Casper
blockchain.
How
are
smart
and
tangible,
Asset
Management,
enabling
enhanced
management
valuation
and
transactions
of
IP,
Siam
and
ipu
digital
assets
are
digitally
transferring
the
archaic
IP
system.
But
why
is
cyan
game?
L
L
This
is
the
only
IP
analytics
system
that
can
make
and
verify
claims
at
anything
approaching
this
level
now,
instead
of
waiting
months
for
subjective
written
opinions
on
only
a
few
assets
and
paying
at
least
five
times
the
price
to
answer,
what
is
this
patents
worth?
Scion
finally
enables
every
IP
owner
investor
and
other
potential
business
partners
to
understand
their
IP
portfolio's
potential
and
decide
how
to
pursue
strategic,
commercial
or
other
opportunities
based
on
that
potential.
L
Space
and
Siam
is
uniquely
powered
by
clarivate's
IP
database,
the
largest
curated
IP
database
in
the
world,
ipue
digital
assets
also
Leverage
The
permission
distributed
Ledger
Technologies
of
Open
Source
hyperledger
Fabric,
and
the
public
Casper
blockchain
to
securely
store,
verified
public
and
private
information
about
each
patent.
Nft.
L
A
N
N
N
N
Korea
is
a
very
unique
Market
among
the
large
developed
countries.
Korea
is
probably
only
one
country
who
can
who
have
the
search
engine
bigger
than
Google
the
Koreans
use
Amazon
only
for
Black
Friday,
but
the
products
we
we
buy
from
the
Amazon
is
the
television
made
by
Korean
producers,
LG
and
Samsung.
If
you
want
to
talk
to
Korean
you,
don't
you
don't
use
WeChat
WhatsApp
telegram,
but
you
need
to
have
to
calcoto.
N
Kakaoto
is
like
a
hundred
percent
of
Koreans
are
using
right
now,
so
in
a
crypto
world,
Korean
exchange
are
even
bigger
than
binance
in
Korea.
Actually,
the
Pres,
the
presence
of
Finance
is
relatively
smooth.
So
that's
why
buyers
still
try
to
acquire
the
Korean
exchange,
so
everybody
in
crypto
World
wants
to
come
to
Korea,
but
get
listed
in
Korean
exchange
becomes
extremely
difficult
because
of
the
Korean
government's
regulation.
So
how
about
the
defy
decentralized
Exchange?
N
There
are
several
reasons
why
the
Korean
defy
and
decentralized
exchanges
penetration
is
relatively
small
to
compared
to
global
average.
I
think
there
are
a
couple
of
reasons.
First
of
all,
the
regulation.
Second,
actually,
the
central
exchange
is,
is
so
well
developed,
so
you
don't
really
need
to
find
the
decentral
exchange
for
you,
trade,
your
crypto,
cryptocurrency,
third
I,
believe
because
of
the
the
mobile
wallet
you
need
to
download
mobile
to
get
into
decentralized,
Exchange.
N
N
And
we
are
the
first,
a
mobile
or
level
integrated
with
centralized
exchange
system.
Korea
is
the
first
country
where
the
non-causen
wallet
is
fully
regulated.
Regulated
means
you
need
to
register
your
own
mobile
wallet
in
the
centralized
Exchange
in
order
to
withdraw
your
cryptocurrency
out
of
business
and
move
into
your
non-concident
wallet.
So
our
land
is
fully
integrated
with
the
Piston,
the
one
of
big
crypto
Exchange
in
Korea.
N
N
N
We
met
Casper
team
when
I
was
in
business
and
working
on
this
new
idea.
I
was
talking
to
Tara
to
use
their
main
net.
As
our
you
know,
platform
blockchain,
but
you
know
what
happened
with
Luna
and
I
met
the
Muna
and
the
Casper
team,
and
we
shared
a
vision
for
what
to
make
this
world
or
that
blockchain.
More
and
more.
We
should
talk
to
the
the
big
guys,
Enterprise,
not
retailers,
so
we
share
the
vision.
So
we
I'm
very
happy
that
we
are
the
you
know:
partner
of
Casper,
Networks,.
N
A
O
Day,
I
don't
have
a
slide.
Perfect
I
have
to
just
look
at
me.
Unfortunately,
so
hello,
everybody.
That
was
an
amazing
presentation
and
I.
Don't
know
if
everybody
was
here
for
the
panel
earlier,
but
they
talked
a
lot
about
defy
and
what
is
the
the
next
thing
for
D5
so
that
we
can
get
it
mainstream
and
so
I'm
the
CEO
and
founder
of
fluidify?
We
are
powering
the
defy
industry
with
accurate
data
where
the
analytics
company
in
D5
and
we
have
accurate
data,
metrics
Predictive
Analytics
for
for
D5
pools.
O
So
today,
where
our
mission
since
we
started
has
been
to
bring
institutions
into
defy
and
the
FTX
crash,
we
did
not
say
I
told
you
so,
but
we
have
been
working
on
this
for
two
years
to
say:
get
off
the
centralized
exchanges.
It's
not
really.
It's
not
really
crypto.
It's
not
really
blockchain
get
into
decentralized.
So
we've
been
building
these
tools
for
two
years,
but
today
we're
announcing
something
that
we
think
will
help
to
move
the
industry
forward
even
faster.
O
We
are
announcing
a
Granbury
groundbreaking
risk
rating
system,
four
tokens
and
liquidity
pools,
so
our
users
will
be
able
to
run
a
smart
contract
scan
on
any
token
or
any
liquidity
pool
with
a
single
click
of
a
button
instantly
so
giving
us
giving
our
users
this
power
allows
them
to
instantly
check
the
security
and
the
Integrity
of
any
token
or
any
pool
that
they
want
to
add
to
their
portfolio
huge
difference
right
now.
Why
is
this
important?
O
Hackers
are
having
a
field
day
right
now,
with
the
increase
in
capital
on
the
blockchain
from
corporations,
there's
more
and
more
hacks
that
are
happening.
Hundreds
of
millions
of
dollars
are
being
lost
in
the
recent
hacks.
This
is,
is
it's
a
terrible
thing,
but
it's
avoidable,
because
most
of
these
hacks
come
from
simple
little
avoidable
programming:
errors
that
the
programmers
make
that
they
don't
catch
because
they're
human,
so
what's
happening,
is
a
proliferation
of
smart
contract
audit
companies.
O
O
So,
as
D5
begins
to
grow
on
the
Casper
Network
flutify
is
risk.
Management
system
will
be
built
in
from
the
beginning.
It's
taken
us
years
to
develop
this
on
the
ethereum
network
on
other
chains
and
from
with
Casper
we
I
agree
with
you.
We
we
align
with
the
vision
of
Casper,
which
is
to
bring
mainstream
adoption,
bring
the
big
guys,
bring
institutional
adoption
into
the
defy
space,
and
so
with
with
this.
O
With
with
having
this,
these
tools
available
from
the
very
beginning,
Casper
will
be
able
to
enter
the
D5
space
not
subject
to
all
of
these
rug
pulls
the
back
doors
that
weren't,
that
secret
back
doors
and
even
ownership
contract
changes
and
a
lot
of
other
things
as
well.
We
scan
for
everything
so
fluidify
itself.
O
I
have
a
short
announcement
today,
but
I
just
wanted
to
say
we
are
aggregating
the
analytics
on
chain
for
all
the
defy
data
and
we're
converting
it
into
valuable
and
actionable
insights
and
ratings
for
institutional
customers,
we're
helping
to
reduce
risk
in
the
Innovative
defy
space.
The
accuracy
of
the
data
generated
from
our
platform
is
patent
pending
and
it's
a
hundred
percent
accurate,
which
is
very
rare
in
D5.
If
you
do
any
trading
and
it's
essential
for
all
Financial
functions,
not
just
trading,
not
just
speculation,
but
also
audits.
O
We
heard
in
the
panel
we
heard
about
audits
as
well,
how
important
that
is
accounting
tax
reporting.
All
of
these
systems
need
accurate,
auditable,
confirmable,
verifiable
information
about
the
transactions
that
their
customers
are
doing
in
crypto
and
especially
in
defy
so
our
our
platform.
Our
company
is
unmatched,
accurate
data
powering
the
defy
industry
very
quietly
up
till
now,
but
we're
hoping
to
go
big
now
with
these
smart
contract
audits.
Thank
you.
So
much
Lisa.
A
P
P
So
with
what
we've
witnessed
over
the
past
three
decades
is
waves
of
innovation
and
Commerce
in
web.
One
it
came
down
for
search
to
buy
you
go
on
Google
you'd
find
what
you're
looking
for
and
hit
the
website
in
web
2.
We
made
it
into
discovery
mode,
you'd,
find
things
on
social
and
then
actually
have
centralized
Commerce
platforms
that
help
people
open
up
shop
and
buy
the
products
you
like,
but
web3
we're
at
the
precipice
of
a
seismic
shift
and
we're
driving
towards
Community
Driven
Commerce.
P
Now
Community
Driven
Commerce
involves
three
different
types
of
components.
You
have
shared
IP
and
full
usage
and
access
to
usage
rights,
social
proof
with
compounding
audiences,
along
with
members
buying
and
co-promoting
one
another's
businesses,
and
so,
let's
start
by
breaking
down
those
three
core
pillars
that
are
needed
to
conduct
web3
Commerce.
The
first
is
crypto
payments
with
wallets.
P
There
couldn't
be
a
better
time
to
implement
this
decentralized
infrastructure.
Social
commerce
is
projected
to
go
on
a
tear
30
year
over
year.
Increasing
consumption
globally
significantly
so
now
is
the
time
for
eco-sustainable
production
is
a
must,
and
not
a
nice
to
have
in
the
interim.
What
we're
seeing
today
is
that
Legacy,
affiliate
companies
and
centralized
Commerce
organizations
are
actually
keeping
trillions
from
touching
the
hands
of
Brands
and
creators
by
creating
wasteful
impact
throughout
the
actual
transaction
process.
P
So
that
really
leads
us
to
the
root
of
the
problem.
Centralized
Commerce
platforms
and
third-party
intermediaries
are
actually
incentivized
to
pump
waste
across
the
supply
chain
that
eats
into
the
margins
of
actual
contributors.
You
heard
the
mooch
earlier
talking
about
how
we
can
remove
intermediaries
and
like
help
with
capturing
a
higher
value
of
sale
and
that's
exactly
what
we're
doing
drop
link
represents
decentralized
registration
of
products
linked
to
Smart
contracts
and
it's
the
needed
transparency
to
evolve,
Commerce
trustlessly.
P
This
is
that
we
actually
Mint
one
nft
for
this
item,
and
then
that
represents
proof
of
ownership,
proof
of
authenticity
and
proof
of
transfer
if
they
decide
to
resell
it
with
reseller
rights.
And
so
this
is
kind
of
that
idea
of
community
Commerce,
where
people
are
incentivized
to
co-sell
and
co-work
with
one
another.
P
Payment
settlement
being
much
faster
along
with
the
opportunity
at
like
to
earn
more
and
drop
link,
actually
enables
that
for
everyone,
and
so
when
you
really
look
at
what
this
boils
down
to
at
the
end
of
the
day
to
do
traditional
web
2
Commerce
and
comparing
it
to
the
future
with
drop
links.
Web
3,
Commerce
solution,
they're,
actually
retaining
over
10
value,
minus
cogs
at
the
end
and
when
it
comes
to
traction,
we've
been
actually
doing
this
across
various
ecosystems,
and
so
we've
had
thousands
of
Partners
approach.
P
Us
and
we've
been
basically
partnering
with
the
strongest
projects
and
I'm
really
excited
about
what
we're
doing
with
Casper
because
of
the
novelty
with
what
we're
able
to
do
for
Enterprise
clients,
where
we
have
the
ability
to
essentially
make
not
only
nfts.
That
could
be
immutable,
but
mutable
in
case
they
need
to
change
actual
records
of
inventory
on
scale.
P
A
Ollie
all
right
we're
heading
into
our
second
to
last
announcement,
but
one
worth
paying
attention
to.
Nonetheless,
our
next
announcement
introduces
Casper
swap
digital
Asset
Management,
simplified
I'm,
pleased
to
Welcome
to
the
stage
Ivan
anastasthoff,
the
CEO
of
trust
swap
Ivan.
Welcome
to
the
stage.
Q
Good
afternoon,
ladies
and
gentlemen,
my
name
is
Alvin
anastasov,
I'm,
CEO
of
trustop
and
I'm
very
happy
to
announce
that
we
are
going
to
support
Casper
Labs
into
our
ecosystem,
starting
from
today
before
I
get
into
what
actually,
we
are
doing
in
a
different
business
lines.
I
would
like
to
let
you
know
why
we're
partnering
with
Casper.
Q
What
are
we
doing?
We
have
basically
four
business
lines.
One
is
team
Finance,
where
we
have
where
we're
one
of
the
market.
Leaders
in
team
token
blocks
liquidity
logs
vesting
as
a
service
taking
as
a
service.
Then
we
have
swappable,
which
is
our
nft
arm,
where
we
create
custom-made,
nft
platforms
for
celebrities,
companies
and
ngos
Etc,
then
we
have
the
crypto
app
with
more
than
4
million
downloads,
which
is
a
portfolio
tracker
simply
like
blockfolio,
and
then
we
have
launchpads
and
incubator
Services,
where
we
helped
more
than
45
projects.
Q
Q
Like
token
economic
support,
Wi-Fi
Market,
making
support
Etc,
so
I
would
like
to
show
you
how
easy
it
is
to
enter
the
Casper
Labs
ecosystem
using
our
products.
So,
let's
start
with
the
first
thing
which
all
companies
entering
crypto
need
to
do,
for
example,
create
a
token
mint
a
token.
So
it's
super
easy.
You
go
to
Team
Finance,
you
click
on
lockups
and
then
basically
you,
no!
You
click
on
mint.
You
basically
can
decide
which
one
you
want
to
create
after
you
connect
to
the
Casper
wallet.
Q
Of
course
you
say:
okay,
let's
create
a
project
token,
so
you
need
to
put
in
a
name
you
need
to
put
in
a
token
symbol.
Then
you
click
in
the
total
amount
of
tokens
which
you
want
to
Mint
and
the
total
amount
of
decimals
which
you
want
to
miss.
And
then
you
click
on
deploy
and
it's
already
live
super
easy.
You
have
your
own
Casper
Labs
token.
Obviously,
that's
a
very
simplified
version
and
we
have
a
more
advanced
version
where
you
can
put
in
features
like
deflationary
inflationary,
burn
mechanisms
Etc.
Q
So
now
you
have
your
token
and
you
would
like
to
distribute
it
to
your
team,
to
your
investors,
to
your
token
buyers,
to
the
founders
Etc
and
obviously
we
would
like
to
have
them
locked
for
a
certain
period
of
time
or
vested
for
a
certain
period
of
time.
So
how
does
it
go?
How
does
it
look
like,
so
you
go
to
Team
Finance
again
you
click
on
lockups.
Q
You
put
in
the
token
address
you
click
in
remember
we
minted
thousand
tokens,
so
we
would
like
to
lock
up
700
for
20
days.
We
click
on
approve,
you
click
on
lock
and
your
tokens
are
already
locked.
So
super
easy,
and
now
you
see
you
see
here
the
admin
dashboard
and
how
it
looks
like
afterwards.
Of
course,
if
you
have
thousands
of
people
or
tens
tens
of
thousands
of
of
people
holding
your
token,
you
cannot
do
it
manually.
Q
So
again,
we
have
an
advanced
version
where
you
can
basically
upload
CSV
files
with
different
lockup
links
with
different
vesting
links.
Etc
and
the
difference
between
lockup
investing
is
lockup
is
locked
for
20
days,
for
example,
so
it's
either
locked
or
unlocked
versus
with
vesting.
You
have
a
block
per
block,
investing.
Q
And
if
you're
a
retail
user-
and
you
have
the
tokens-
you
basically
go
on
claim
and
you
can
see
the
tokens
which
you
have
and
you
can
actually
claim
them.
So
let's
go
to
the
crypto
app.
Let's
start
with
the
first
thing:
how
can
you
get
some
more
information
about
trust
about
about
Casper
Labs?
So
it's
super
easy.
You
go.
You
click
on
the
menu,
you
click
on
professional
research
and
you
already
see
a
Casper
Labs
report.
Q
If
you
click
on
it,
you'll
see
the
key
insights.
First,
where
you
see
all
the
information
which
you
need.
If
you
want
to
have
more
details,
you
basically
scroll
down
and
you
see
more
information
about
Casper
Labs.
We
are
partnering
together
with
Masari
on
Top,
Notch
research
and
we're
very
happy
about
this
partnership
going
forward.
Q
Second
thing:
how
can
I
track
my
portfolio
with
Casper
Labs?
Also
super
easy,
so
you
click
on
menu.
You
click
on
portfolio,
then
you
see.
Okay,
I
have
no
wallet
connected
now.
I
would
like
to
connect
my
Casper
Labs
wallet,
so
I
click
on
connect,
wallet,
I
click
on
Casper
labs
and
then
afterwards,
I
put
in
my
public
key.
Q
We
we
get
afterwards
the
real-time
data
from
the
blockchain
and
from
other
like
price
vendors,
and
you
have
real
time
the
value
of
your
portfolio
inside
the
crypto
app,
and
you
can
track
your
portfolio
real
time.
Thank
you
very
much,
ladies
and
gentlemen,
happy
to
connect
with
you.
If
you
have
any
questions.
A
I've
been
perfectly
timed.
Thank
you.
So
much
all
right,
we're
closing
things
out.
We've
taken
a
look
at
wallets
we've
taken
a
look
at
D5,
we've
taken
a
look
at
swaps
at
IP,
but
of
course
we
haven't
taken
a
look
at
gaming,
so
closing
us
out
today
is
pan
paragraph
CEO
of
gameswift,
taking
a
look
at
bringing
web3
gaming
to
the
masses.
Let's
welcome
pan
to
the
stage.
R
Welcome
everybody.
Actually,
pan
paragraph
is
not
my
real
name.
My
real
name
is
voicy
grushka,
but,
as
you
can
see,
it
is
very
hard
to
pronounce.
So
it's
much
easier
to
call
me
using
my
Twitter
handle
where
almost
60
000
followers
are
reading.
My
tweets
first
of
all,
I
would
like
to
say
thank
you
for
the
whole
Casper
Network
team
for
rewarding
us
with
the
financial
Grant
and
putting
the
Trust
In
what
we
are
building
for
gamers
and
Enterprise
gaming
developers
building
on
top
of
Casper
chain.
R
R
At
the
same
time,
I
know
that
it
is
super
hard
to
convince
your,
not
crypto,
colleagues,
to
play
blockchain
games
with
you,
as
the
current
state
of
infrastructure
is
not
allowing
to
do
so.
Basically,
if
you
would
like
to
play
with
your
non-crypto
friends,
you
need
to
instruct
them
how
to
download
crypto
wallet,
how
to
save
and
securely
store
their
seat
phrase
and
how
to
invest
in
gasps.
R
Related
token,
in
order
to
pay
and
cover
gas
fees,
believe
me
or
not,
gamers
are
mostly
not
investors,
so
this
is
a
very
high
barrier
of
entry
for
them
and
in
games
with.
We
believe
that
the
future
of
web
free
gaming
scalability
is
based
on
blockchain
operations
being
processed
underneath
in
the
way
which
is
maximum
user
friendly
and
invisible
for
the
user.
This
means
that
any
gamer
playing
on
our
platform
using
our
infrastructure
will
not
even
have
to
know
that
he
is
playing
a
blockchain
game.
R
This
will
be
possible
without
any
blockchain
know-how
and
with
one
click.
This
specific
integration
is
super
cool
for
any
gaming
developers
building
their
projects
on
top
of
Casper,
but
it
is
worth
to
say
that
we
are
working
on
a
chain,
agnostic
and
multi-chain
manner.
We
believe
that
the
future
of
gaming
and
blockchain
is
multi-chain,
so
we
would
like
Gamers
to
play
blockchain
games
without
having
without
battering
on
what's
which
chain.
R
So
the
gamers
will
want
to
pay
for
their
daily
activities
like
for
shopping
for
bills,
with
the
games
acquired
in
their
game,
and
this
is
what
games
with
pay
our
visa-based
debit
card
will
allow
to
do
so
without
having
to
know
how
to
operate
on
blockchain.
So,
since
my
time
on
today's
agenda
is
limited,
I
will
not
be
able
to
get
more
into
the
details.
I
feel
your
curiosity
how
our
developers
has
achieved
that,
but
please
be
my
guest
on
my
first
speech,
where
I
will
be
able
to
get
more
into
the
details.
R
At
the
same
time,
I
will
be
available
upstairs
we
are
approaching
the
end
of
our
fundraising
Grant,
led
by
hush
to
the
biggest
VC
in
southern
Korea.
We
are
also
rewarded
by
the
grants
by
such
reputed
chains
like
Casper
or
polygon.
So
it
is
a
super
opportunity
to
exchange
ideas
of
what
we
can
do
together
in
the
gaming
industry
nice
to
meet
you
and
thank
you.
A
All
right,
thank
you
pan
now
with
that
to
those
Brave
few
Souls
of
you
that
have
survived
until
the
end
of
our
announcements,
I'm
happy
to
release
you
to
join
the
networking
upstairs
you
have
until
6
45
when
we
resume
with
just
the
last
bit
of
programming.
Please
do
make
sure
to
enjoy
the
drinks
upstairs
meet.
A
Hello,
hello
to
the
lovely
people
upstairs
if
you're
enjoying
your
networking,
that's
excellent
to
hear.
However,
we
are
kicking
things
off
downstairs
in
15
minutes,
so
please
do
start.
Making
your
way
downstairs
again,
we'll
be
kicking
things
off
with
an
excellent
fireside
chat
in
15
minutes.
Thank
you
and
see
you
soon.
A
A
Once
again,
hello,
hello,
this
is
your
official
four
minute
warning.
Make
your
way
downstairs
grab
a
seat.
We
will
be
starting
shortly
finish
off
your
drinks
and
join
us
downstairs.
For
the
very
last
session
of
the
day,
we
have
one
last
fireside
chat
and
one
last
panel
for
you
to
enjoy
make
sure
to
head
downstairs
now.
Thank
you.
A
All
right
to
those
lucky
few
that
have
already
taken
their
seats
welcome
to
those
that
are
still
making
where
they're
way
downstairs.
Please
feel
free
to
grab
any
of
the
seats
in
the
back,
make
sure
you
don't
disturb
the
people
that
have
already
taken
their
seats
and
welcome
to
a
very
special
edition.
A
devil's
Edition
I
should
say
of
crypto
Mondays.
For
those
who
don't
know
what
crypto
Mondays
is
they
host
lovely
meetups
all
around
the
world?
You
started
in
the
UK
start
in
New,
York
I
know
we
have
them
in
Zurich.
A
I
know
they're
all
over
the
place.
So
if
you're
looking
for
an
easy
way
to
plug
into
your
local
web3
community,
make
sure
to
talk
to
Lou
afterwards
and
figure
out
what
all
he's
covering
what
ground
he's
covering
I
believe
you're,
always
open
to
new
cities
being
added
to
the
mix.
So
we're
excited
to
Welcome
to
the
stage
Lou
Kerner,
the
founder,
of
course,
of
crypto
Mondays
welcome
Luke.
S
Hello
there,
it
is
all
right,
so
thanks
everybody
for
coming
to
crypto,
Mondays
I'm
Lou
Kerner.
First
I'd
like
to
start
by
thanking
the
Casper
team
for
hosting
crypto
Mondays.
Here
we
were
having
it
across
the
street,
but
with
no
sound
system
and-
and
so
they
were
gracious
enough
on
short
notice
to
give
us
a
space.
So
thanks
a
lot
to
the
Casper
team
for
hosting
us,
it's
a
great
layer.
One
protocol,
if
you
don't
know
about
them,
learn
about
them
great
Enterprise.
S
You
know
layer,
one
protocol
and
I'd
also
really
like
to
thank
I.
Don't
know
John
Cronin
here
and
Rich
stromback,
but
for
those
who
don't
know
they
kind
of
put
on
Rich
yeah
puts
on
Davos,
there's
weft
and
then
there's
Davos
and
You.
Know,
Rich
and
John
run
Davos
essentially,
and
they
invited
me
here
and
gave
us
the
space
across
the
street
for
crypto
Mondays.
S
How
many
people
here
have
been
to
crypto
Mondays
before
awesome?
What
city
Berlin?
That's
that
that
that's
not
a
crypto
Mondays,
but
that's
okay
or
not
least,
not
one!
That's
from
there
they're
ones
that
you
know,
people
start
them
and
that's
fine,
but
that
wasn't
an
official
one,
but
I
hope
you
had
fun.
S
New
York
awesome,
the
original
one
London
and
London
rocks.
There
are
48
cities
around
the
world,
I
get
to
spend
60
of
my
time
going
from
crypto
Mondays
to
crypto
Mondays,
the
Highlight
this
year
of
the
new
one
that
I
went
to
was
crypto
Monday
Saigon,
oh
my
God,
Vietnam
I,
think
that's!
You
know
going
to
be
a
big
part
of
the
world
future
and
you
know
tonight
we
got
a
great
schedule,
but
we're
going
to
start
off.
S
I
had
the
pleasure
to
not
last
night
of
meeting
his
Eminence,
and
so
yes
here
we
go
so
I'd
like
to
give
his
eminence.
You
know
a
few
minutes
to
talk
about
his
project
and
about
world
peace,
and
this
is
also
a
man
who
really
deeply
understands
decentralization
and
he
describes
it
as
a
gift
to
humanity.
So
his
eminence.
T
Thank
you
very
much,
I
appreciate
it.
Well,
it's
very
funny.
You
know
all
this
crypto,
you
know
experts
who
you
are
here
and
crypto
Monday
meeting
and
this
llama
from
the
Himalayas
instead
of
sitting
and
meditating
in
the
caves.
Why
is
he
here
in
the
Davos?
Probably
you
must
be
thinking
right,
but
I
have
a
reason
to
be
here.
T
T
The
technology
that
you
all
are
very
familiar
with.
You
know
this
blockchain
and
the
crypto
and
modern
technology
that
we
have
right
now
is
quite
amazing
and
where
there
is
a
possibility
that
you
can
truly
decentralize
World
economy
to
truly
benefit
those
who
are
not
accessible
to
the
whole
economy
as
such.
Until
now.
T
In
that
way,
you
are
really
giving
an
opportunity
for
everyone
to
be
self-empowered
through
this
technology
and,
however,
my
message
here
today
and
my
message
always
is
that
we
should
not
be
looking
at
this
as
a
currency
exchange
where
we
can
profit
where
we
can.
You
know,
find
some
kind
of
benefit
for
ourselves.
Instead,
we
must
Empower
ourselves
and
Inspire
everyone
to
look
at
it
as
a
ways
to
bring
peace
ways
to
bring
peace
within
and
peace
in
the
world,
so
that,
in
that
sense,
this
in
a
development
that
you
have
achieved
so
far.
T
Of
course,
we
can
achieve
even
further.
We
can
be
even
more
developed
in
this
technology
and
right
now,
what
we
have
so
far
if
they
are
able
to
truly
use
it
in
a
really
unselfish
way,
because
there's
no
room
for
selfishness
in
our
lives,
more
selfish,
we
become
more
suffering
we
generate,
because
after
all,
any
conditional
things
that
we
invent
is
going
to
haunt
us
sooner
or
later,
as
a
human
being.
We
are
not
here
to
condition
anything
because
there's
nothing
that
we
can
condition
that
will
last
and
that
will
benefit
us.
T
So
for
me,
the
most
important
message
here
is
to
all
of
us
is
to
truly
look
at
it
as
a
ways
to
empower
ourselves
ways
to
bring
inspiration
to
not
just
few
people
or
some
group
of
people
who
are
involved
in
crypto
right
now
to
entire
Humanity.
If
we
are
able
to
imp,
you
know
Inspire
them,
I
think
this
will
lead
human
being
in
such
a
way
that
we
have
never
witnessed
ever
before.
T
T
T
If
you
really
look
at
the
history
of
mankind
until
now,
there
isn't
any
place
in
the
world
that
is
fully
dedicated
for
peace,
that
is
all
inclusive
for
every
race,
every
color,
every
Creed,
every
gender,
every
Believers
and
non-believers
alike.
So
totally
known
territorial
for
almost
inclusive
place
for
peace.
T
There
isn't
anywhere
in
the
world
like
a
Davos
for
World
economic
Forum,
I
am
working
on
creating
world's
peace
Forum
in
Romanian
above
and
this
piece
at
the
activity
that
we
are
trying
to
really
create
a
movement
that
we
are
that
they
try
to
create
really
goes
very
well
with
the
crypto
and
a
blockchain
idea
that
you
have,
and
if
you
look
at
the
blockchain
and
crypto
that
what
you
know
of
today,
as
just
a
currency,
we
will
fail.
We
will
not
be
able
to
reach,
as
far
as
we
have
potential
to
reach.
T
T
If
you
grow
a
very
good
rice,
you
automatically
kill
get
as
much
as
haste
as
you
want.
So
if
you
have
compassionate
Editor
to
create
peace,
you
will
be
able
to
see
the
crypto
and
a
blockchain
success
very
soon.
What
you
know
today
is
the
Bitcoin
and
all
these
currencies
you
have
whatever
20
25
and
a
thousand
dollars
whatever
you
have
I
see
that
this
can
be
someday
very
soon
million
dollar
for
each
Bitcoin.
S
S
After
Michael,
Milken
yeah
he's
the
legendary
La
Banker,
the
CFO
of
my
first
company
John
mumtazi,
one
of
the
most
massively
talented
people
I've
ever
had
the
pleasure
of
working
with
was
one
of
the
founders
of
mullison
company
in
2007
and
now
they're,
publicly
traded
company
and
they're,
the
first
major
Investment
Bank
on
Wall
Street
to
start
a
dedicated
Global,
blockchain
Group
and
Under,
full
disclosure
I'm
a
senior
advisor,
and
but
this
is
the
first
time
we
met
so
welcome
Ken.
Thank
you
thanks
for
having
me
this
is
so
I
assume.
H
You
know
it's
pretty
much.
The
same
I
do
I
use
it
for
meetings.
I,
don't
go
to
a
lot
of
that.
It's
it's
a
wonderful
place
to
meet
Executives
around
the
world.
I
will
say
that
it.
It
has
gone
almost
an
extremely
I
I'll,
just
say
climate
change
agenda
from
where
seven
years
ago
it
just
wasn't.
As
you
know,
it
was
not
as
prominent
and
now
it's
the
whole
ESG
and
climate
change
is
dominates.
The
conversation.
H
We
actually
we
go
to
the
conference
center,
which
is
you
guys
are
way
smarter
than
us.
It's
a
total
rip-off,
but
we
get
a
little
desk
about
this
size.
I
won't
tell
you
what
that
costs
and-
and
we
just
have
meetings
every
30
minutes,
and
it's
been
funny
because
we've
had
the
same
table
for
seven
years
and
people
just
myself
and
a
partner,
Eric
Cantor,
who
used
to
be
a
a
prominent
politician
in
the
United,
States
and
well
I
mean
more
than
that
yeah.
H
H
Try
to
you
know,
prioritize
seeing
you
know,
there's
a
lot
of
Indian
businessmen,
a
lot
of
Middle
East
and
look
it's
a
long
trip
to
Mumbai
I'll.
Tell
you
that.
So,
if
you
can,
if
you
can
get
10
meetings
here,
it's
it's
a
great
opportunity.
So
we
try
to
keep
the
U.S
meetings
out
and
and
do
the
rest
of
the
world.
H
Town-
okay,
it's
it!
You
know,
frees
your
ass
off,
so
you
don't
Venture,
but
you
know
I
I,
don't
have
any
been
doing
it
for
a
while,
but
the
Belvedere
was
sort
of
the
center
of
the
of
the
of
the
of
the
entertainment
I,
don't
know
what
they
did
wrong.
They
must
have
gotten
sideways
with
Klaus,
but
you
just
have
to
get
down
to
the
Belvedere
every
night.
That's.
H
H
H
H
You
know
I
I'm,
not
sure
anybody
knew
why
we
were
doing
business
over
there
and
today,
I
can't
tell
you
the
amount
of
conversation
in
business
in
the
U.S
and
in
Europe
that
is
centered
on
accessing
Capital
and
the
opportunities
in
the
Gulf
so
yeah
that
becomes
for
us,
it's
repeat,
but
it's
a
very
different
change.
They
are
the
center.
It's
the.
S
S
Yeah,
it's
really
crazy
and
I'm.
Sorry,
because
I
I
meant
to
start
off
like
there's
no
Wi-fi
here
at
least
I
couldn't
get
on
to
look
at
the
questions,
but
I
meant
to
start
by
actually,
because
obviously
I
know
what
Mullis
is,
but
many
people
in
the
audience
don't.
So
if
you
could
just
talk
about
the
bank,
you.
H
Know
we're
an
independent
advisor.
We
started
in
07,
it's
kind
of
interesting,
that
was
the
crisis
or
right
around
the
crisis
and
what
happened
in
the
world
I
think
people
were
watching
that
testimony
in
Congress,
where
literally
the
big
investment
Banks
were
saying
yeah
we
were
on
the.
If
you
remember
there
was
some
famous
testimony
where
they
were
talking
about
stuffing
their
clients
with
mortgages.
H
I
won't
mention
the
firm,
but
they
were
prominent
and
and
they
were
like
yeah,
but
I
thought
you
were
representing
them
and
they
were
saying:
no,
we,
you
know
we
acted
like
we
represented
them.
We
stuffed
them
with
Bad,
Mortgages
and
I.
Believe
it
was.
You
know,
Lucky
by
the
way.
Just
you
know,
I
do
think
a
lot
of
career
is
luck.
H
I
started
at
07,
I
thought
it
was
the
worst
moment
in
the
history
of
the
world
to
start
a
business
in
the
middle
of
a
financial
crisis,
but
it
turned
out
to
be
the
best
because
the
world
after
0809
said
you
know
what
we
want
independent
advice.
We
don't
want
advice
from
somebody
who's,
our
counterparty
and,
if
you
think
about
it,
bank
is
always
your
cat.
They
lend
you
money,
so
it
just
sprang
out
from
the
last
15
years
as
the
world
wanted
an
independent
advice.
H
H
We
went
Global
right
away,
we're
in
Brazil
we're
in
China
we're
in
Australia,
Middle
East,
so
we're
20
offices
around
the
world
we're
up
to
six
seven
hundred
Bankers
around
the
world-
and
you
know
my
belief
was
that
networks
and
you
understand,
networks,
same
thing,
we're
an
Information
Network,
and
so
the
other
idea
of
is
was
to
get
large
enough
that
you
had
enough
information
that
you
could
help
your
clients
through
what
you
know,
which
is
a
personal
information.
Network.
S
H
Well,
one
of
the
things
I've
always
done
and
when
you
go
into
these
Financial
things,
it's
never
there's
always
a
headline
about
Ken
Mullis.
Did
this
deal?
It's
never
about
that.
It's
about
the
people
who
will
follow
you
and
trust
you
and
how
much
Authority
you
give
them
I
mean
we
are
it's.
It's
funny,
I
get
to
the
economy
a
little
bit,
but
you
know
one
of
the
things
I
think
the
fed's
going
to
have
a
really
tough
job
as
they
raise
rates
and
they
think
they're
going
to
create
unemployment.
H
Is
there
are
firms
like
ours
and
I
think
many
firms
who,
in
a
world
where
assets
are
less
tangible
companies,
assets
are
less
tangible
and
more
digital
people?
Are
your
your
business
and
I
I?
Don't
think
it's
not
going
to
be
like
1977,
where
you
know
a
couple
of
Auto
plants
just
laid
off
the
workers
and
figured
they'd
get
some
guys
to
come
back
and
turn
the
screws
when
they
started
selling
cars
again
I'm
not
going
to
give
up
my
employee
base.
H
H
Said
yes
right,
I
said
I,
don't
know
what
I
have
scheduled
and
so
when
John
mumtazi
his
Banker
called
me
and
said
I
think
it's
time
to
start
it
I'm
no
expert
in
crypto,
but
I
said,
look
you're,
you
understand
it,
you
know
it.
Let's
do
it.
Let's
get
our
some
of
our
top
talent
and
you
know
you
could
again.
You
could
say
like
the
crisis.
Is
it
a
bad
time
we're
in
and
around
I
think
we're
advising
on?
H
H
H
We
went
right
into
restructuring
and
you
know
in
09
everybody
needed
help
and
you
make
much
better
friends
helping
somebody
in
need
than
trying
to
chase
somebody.
Who's,
successful
and
I
say
that
even
you
know
it's
a
good
lesson
in
life.
Our
Bankers
always
said.
Congratulations
when
somebody
closes
a
big
deal
and
I
always
tell
them,
look
you're
going
to
be
the
100th
1000th.
Congratulations
but
I'll
tell
you
Eric,
Cantor,
just
a
quick
story:
Eric
Cantor
lost
his
race
for
congress,
he
was
the
leader
and
he
lost
a
primary.
He
just
nobody.
H
I
still
don't
know
what
happened,
but
it
was
stunning
and
I
barely
knew.
The
guy
I
had
met
him
once
in
Congress
and
I
texted
him
I
go
God.
What
can
I
do
to
help
you?
This
is
terrible.
What's
next,
he
didn't
call
me
back
for
a
week.
I
said
yeah
I
thought
you
might
have
been
inundated
with
emails,
he
goes
no.
Yours
was
the
only
one
I
had
to
take
care
of
my
employees
and
find
them
jobs,
but
he
said
nobody
emails
when
you're
down
and
that's.
H
He
ended
up
joining
The
Firm,
which
has
been
wonderful
for
us
he's
very
prominent
in
the
and
it's
just
you
know
think
about
it.
Next
time
people
tend
to
avoid
you
when
you're
having
a
problem
and
there's
lots
of
great
people
who
have
a
problem
and
that's
the
moment
to
reach
out
and
help
them,
and
it's
a
great
that's
that's
how
our
business
got
started.
S
H
We
end
up
in
the
middle
of
starting
this
organization
right
when
and
by
the
way,
I
think.
Once
again,
it's
going
to
be
very
good
for
us,
because
I
hate
to
say
it:
I
I
I
in
the
early
days
of
VCS,
like
talk,
call
of
2019
2020
I
used
to
go
out
and
talk
to
great
entrepreneurs
about
their
companies,
and
they
had
no
reason
to
they
looked
at
me
like.
Why
would
I
talk
to
you?
H
Why
would
I
have
a
banker
I
don't
know
now,
all
of
a
sudden
money
raising
is
hard.
People
are
restructuring,
relationships
count
and
you
can
see
that
happening,
and
now,
all
of
a
sudden,
you
need
relationships
and
it's
hard
to
form
a
relationship
that
you
need
when
you
need
it,
so
you
know
form
those
relationships
when
you
don't
need
them.
It's
a
it's.
A
relationships
are
everything
in
life.
S
H
Really
again,
I
got
here
recently
and
we'll
see,
I.
Think
most
people
on
that
side
are
happy,
I
hate
to
say
it
they've
they
missed
it.
They
weren't
in
early
nobody
likes
to
miss
a
trend.
So
as
I
I
noticed
that
with
all
my
friends
who
were
outside,
they
couldn't
I
think
they
were
schaden,
Freud
or
whatever
the
word
is
they
they
they
wanted
it
not
to
work
which
might
be
good
because
maybe
it'll
allow
them
to
come
back
in
and
be
productive
around
it.
S
H
I'm,
a
Believer:
this
is
going
to
be
a
very
long
tough
year.
Maybe
more
to
my
point:
everybody
is
waiting
for
the
FED
to
break
unemployment.
I
think
it's
going
to
be
way
tougher
than
they
think
and
I.
Actually,
you
know
and
I
know
I'm
right
in
the
heart
of
probably
weft
and
the
Heart
of
the
wrong
place
to
say
this.
But
what
the
FED
has
to
break
is
the
trillions
of
dollars
of
investment.
H
Misinvestment,
look
it's
it's
that
is
causing
Energy
prices
to
kill.
Western
economies
might
not
want
to
hear
that,
but
there's
six
there's
seven
or
eight
billion
people
in
the
world
about
a
billion
of
them
live
in
Western
Europe
and
the
United,
States
and
I
know
we're
very
anxious
to
have
an
energy
transition.
H
But
there's
like
a
billion
and
a
quarter,
people
in
India,
half
of
them
barely,
can
turn
a
light
bulb
on
in
their
house.
They
cook
their
food
over
cow
dung
and
people.
Five
million
people
a
year
die
because
of
that
they
you
know
and
then
there's
a
billion
plus
in
China.
It's
literally
six
seven
seven
billion
people
in
the
world,
desperate
to
get
the
middle
class.
They
are
not
cutting
out
their
fossil
fuels.
H
People
it's
that
in
the
UK
right
now,
it'll
cost
you
twice
as
much
to
turn
on
your
dishwasher,
as
it
did
twice
as
much
to
heat
your
bathtub
10
times
the
energy
cost
at
the
U.S
Western
Europe
has
slit
their
own
throat
in
the
craziest
fiscal
industrial
policy.
I've
ever
seen
happen
in
the
world
and
I'm.
Sorry.
H
Put
all
their
eggs
in
one
basket:
Brit
UK
had
a
chance
to
be
self-sufficient
and
said:
no,
they
put
all
their
eggs
in
one
basket,
craze,
another
crazy
industrial
policy.
They
didn't
go
self-sufficient,
they
are
cut
off
and
they
continue
to
block
capital
from
going
into
cheap
energy
sources
and
I
think
their
population
is
going
to
let
it
be
known
that
they
wanted.
They
want
to
have
a
life,
they
want
their
kids
to
go
to
college.
H
They
want
to
be
able
to
go
to
work
in
a
car
and
and
I
think
that's
the
key
by
the
way
so
I
look.
What
I'm
saying
is
that's
the
key
to
an
economy
to
drive
inflation
down.
This
is
all
energy
related
it's
in
and
and
to
try
to
cause
massive
unemployment.
When
turning
on
your
dishwasher
last
I
looked,
nobody
probably
hasn't
you
know,
doesn't
it
or
turning
up
your
bath
doesn't
require
an
employee?
You
could
fire
all
the
employees
in
the
world.
It's
not
going
to
change
the
cost
of
heating
your
house.
H
S
H
No
no
I
like
it,
it
just
takes
a
while,
and
the
fact
is
these.
You
know,
I,
don't
know
how
many
of
you
here
again
I
date
myself,
but
there's
a
great
book
called
popular
delusions
and
The
Madness
of
crowds,
and
it
happens.
You
know
the
famous
one
was
the
Tulip
bubble
and
the
south
sea,
but
you
know
there
are.
There
are
manias
that
take
over
and
you
know
I
do
think
the
main
end
again,
I'm
saying
this
at
weft
and
I'll
probably
get
killed
for
it.
H
The
Mania
of
this
moment
is
ESG
and
the
the
forgetting
that
there
are
six
or
seven
billion
people.
We'd,
sometimes
forget
it,
because
you
know
the
Promenade
is
nice
here,
but
there's
six
or
seven
billion
people
who
are
going
to
drive
up
the
use
of
energy
relentlessly
as
they
strive
to
be
in
the
middle
class
yeah.
S
H
What,
in
the
short
term,
it
is
the
transition
is
a
long-term
transition.
It's
a
long-term
transition
and
you
better
not
cause
a
revolution.
You
know
you
better,
not
cause
you
better,
not
cause.
You
lose
your
population
while
you're
doing
it
and
I
think
we're
the
whole
thing's
happening.
Do
not
I
guess
my
my
point
would
be
do
not
cut
out
the
ability
for
most
of
the
planet
to
live
comfortably
while
we
transition,
let's
transition
and
let
everybody
else
live,
live,
try
to
live
into
the
middle
class.
S
The
you
know
an
ESG,
obviously
what
you
said
are
standing
up
and
seeing
what
you
believe
when
you
know
might
not
be
the
most
popular
thing
to
say
in
a
room
for
me,
the
most
popular
I'm.
Sorry,
the
the
most
important
word
in
the
English
language
to
me
is
balance
right.
Everything's
very
few
things
are
binary.
Most
things
are
balanced
right,
and
so,
if
you
think
about
ESG
right
and
that's
the
question,
okay,
what
you
know
how
much
you
you
obviously
think
there
should
be
some
esj
right.
S
You
know,
thinking
about
the
world
is
obviously
at
some
cost
makes
sense,
and
the
question
is
then
where-
and
you
know
and
me
personally-
I
never
think
about
where
I
want
to
be
in
Balance
I.
Think
about
where
I
want
to
be
out
of
balance,
because
you
can
never
be
in
Balance.
So
where
do
I
want
to
be
out
of
balance?
H
H
S
H
S
S
You
know
I've
all
done
one-on-ones
Brittany
multiple
times,
so
this
is
just
you
know,
to
get
together
with
some
friends
and
Yap
about
crypto
and
what's
going
on
they're
all
three
very
different
areas
of
crypto,
so
one
of
you
guys
introduce
yourselves
and
then
we'll
get
into
it.
So
Dirk
you
want
to
start.
Why
don't
we
start
with
the
Britney.
V
Yes,
hi
everyone.
My
name
is
Brittany
Kaiser
I'm,
the
founder
of
the
on
your
data
foundation
and
own
your
data
Technologies.
Some
people
here
might
know
me
as
the
Cambridge
analytica
whistleblower
and
that's
where
I
know
you
from
yeah
and
I
have
been
working
in
crypto
since
the
year
before
becoming
a
whistleblower,
but
specifically
working
on
fixing
the
issues
with
web
2
using
smart
Contracting.
V
Think
as
we
talk
about
the
state
of
the
union
with
crypto
for
2023,
what
it
looks
like,
what
we're
going
to
be
addressing
a
lot
of
the
issues
around
transparency
and
auditability,
reg
Tech,
so
technology
that
assists
in
Regulatory
Compliance
and
what
that
actually
looks
like
in
the
wake
of
the
FTX
disaster,
the
tracking
and
traceability
of
ESG
for
the
crypto
industry
and
many
other
things.
Thank
you.
U
All
right,
hey
everyone.
My
name
is
Joe
glute
I'm,
co-founder
co-ceo
of
Upland
who's,
curious,
razor
Hans,
who
has
heard
about
Upland
okay
to
some
of
them,
so
we
are
actually
the
largest
metaverse
out
there
or
based
on
blockchain
technology.
We
have
three
million
registered
accounts
over
300
000
land
owners
currently
and
we're
actually
based
on
the
real
world.
So
and
we
have
a
lot
of
things
we're
going
on
with
lots
of
Partnerships.
U
So
if
you
want
to
get
the
goal
for
Messi
scoring
at
the
final
of
the
video,
you
have
to
go
to
Upland
to
get
it
right.
So
that's
that's
one
thing
we're
doing,
but
we're
developing
Upland
more
and
more
becoming
a
platform.
We
call
it
also
the
super
app
of
the
metaverse
we're
now
third-party
developers
can
develop
their
own
experiences
on
top
of
Upland.
So
that's
one
thing:
I'm
doing
the
other
thing.
U
I
U
And
last
but
not
least,
also
last
year,
I
said:
okay,
we
are
big
Believers
in
the
operability
and
you
know
we
have
all
to
come
together
on
blockchain,
so
we
invited
all
blockchain
metaverses
together,
decentraland
sandbox
and
everyone
in
one
room
and
said:
okay,
let's
start
something
and
we
actually
launched
the
alma
3,
which
is
called
open
metaverse
for
Alliance
for
web
three.
We
have
over
a
thousand
companies,
who've
signed
up
for
it,
I'm,
currently
the
chairman
and
we're
driving
this
now
for
further.
U
W
S
So
yeah,
let's
start
there,
because
we
actually
just
met
a
few
months
ago
in
Singapore
token
2049,
which
is
the
biggest
crypto
conference
in
Asia,
and
you
know
so
when
you
think
of
your
business,
you
know
how
do
you
think
of
it
globally?
How
much
of
it
do,
you
think,
is
going
to
come
from
Asia
Europe,
the
U.S
yeah.
W
I
mean
before
we
even
open
up
the
office.
A
very
material
portion
of
our
customers
were
outside
of
data,
so
we've
been
servicing
the
world
for
a
while,
but
to
do
it
in
a
more
mature
way,
we
need
more
people
supporting
them
in
local
time
zones
really
and
and
to
help
scale
it.
But
it's
I,
don't
I,
don't
think
you
can
be
a
business
interacting
with
crypto
without
having
a
global
mindset,
but.
S
W
The
majority
outside
of
the
United
States,
even
though
we're
headquartered
there,
you
know-
and
it's
real
interesting
on
on-
why
it
wasn't
necessarily
a
strategic
decision.
It's
just
because
that's
where
a
lot
of
the
businesses
are
following
consumer
demand
in
a
lot
of
different
regions
around
the
world,
so
yeah.
S
V
Of
course
well,
where
we
see
it
growing,
the
most
are
in
the
places,
one
that
need
it,
so,
populations
that
are
actually
willing
to
start
to
invest
in
their
own
digital
literacy
and
their
financial
literacy,
and
sometimes
that
is
assisted
by
the
government.
Sometimes
it's
not,
and
secondarily,
of
course,
the
it's
growing
fastest
in
the
country
is
where
we
see
Mass
adoption
through
the
regulatory
policies
of
the
government
and
no
laws
and
regulations
are
not
the
fastest
way
to
adoption.
V
V
You
know,
I
I
spent
the
past
five
years,
working
in
the
state
of
Wyoming
in
the
United
States,
where
we
now
have
over
25
different
digital
asset
laws,
it's
more
comprehensive
legislative
infrastructure
than
even
Switzerland,
and
that
we've
worked
so
hard
to
make
it
that
and
hoping
that
the
federal
government
will
somehow
follow
suit.
But
we
see
in
many
other
countries.
You
know
such.
V
So
in
the
state
of
Wyoming,
we
have
brought
tens
of
billions
of
dollars
into
the
state
and
we've
had
thousands
of
new
companies
register
and
prosper.
There.
So
I
think
that
most
other
states
when
they
started
adopting
digital
assets,
they
have
taken
the
laws
that
we
wrote
in
the
state
of
Wyoming
and
introduced
them
to
their
states.
Many
have
passed
laws
that
are
very
similar
in
over
20.
Other
countries
have
taken
the
laws
that
we
wrote
in
Wyoming
and
adopted
them
locally.
S
U
We
launched
in
early
2020
right
so
and
even
though
we're
based
on
the
real
world,
you
don't
have
to
be,
you
know
actually
there.
So
we're
live
in
20
cities
in
the
US
in
Rio
de
Janeiro
in
Porto,
because
we
have
Partnerships
there
and
actually
we're
going
because
Argentina
were
in
the
World
Cup.
We
decided
that's
the
first
capital
we're
going
to
open
up.
So
it's
always
map
Buenos
Aires,
but
our
users.
Currently,
you
know
I
tend
to
say
you
know
roughly
40
or
less
maybe
35
percent.
Now
from
the
US.
U
The
rest
is
Global,
mainly
Europe
and
South
America,
not
so
much
yet
in
Asia.
But
it's
a
very
simple
reason.
Our
app
was
so
far
mainly
in
English.
We
just
launched
Portuguese
I'm
gonna
have
no
Spanish
I
think
as
soon
as
we're
working
now
on
you
know,
International
other
languages
and
I
think
then
it
will
also
take
on,
especially
when
we
start
opening
up.
You
know:
cities
like
Tokyo,
Singapore
or
whatever
Paris
right,
and
we
have
those
we're
supporting
that
with
languages.
So.
S
U
We
so
in
funny
stories
and
when
we
incorporated
in
2018
our
URL
is
called
Upland
dot
me
for
metaverse
and
at
that
time.
At
that
time
we
said
oh
marketing,
wise,
we
cannot
say
metaverse.
No
one
knows
what
meta
verses
and
so
on
like
so
we
will
always
talk
about
the
parallel
World
virtual
world
and
all
that
and
then
it
has
all
changed
with
Mark
Zuckerberg's
video
in
21.
Obviously,
all
of
a
sudden
metaverse
was
a
thing
and
of
course,
also
in
our
marketing
then
which
is
but
but
our
particular
thing.
U
We
were
originally
inspired
by
the
game
of
Monopoly.
That's
how
we
said
you
know
we.
You
know
the
three
founders
we
set
together
a
game
night.
We
saw,
we
played
Monopoly,
we
were
blockchain
enthusiasts
and
then
and
then
we
said
okay,
we
need
I
mean
you
watch
stranger
things.
You
know,
I,
don't
know
if
there's
a
parallel
world
right.
So
let's
combine
these
three
things
and
create
our
plan.
So
what's
basically
property
trading
game
at
the
beginning.
But
as
I
said
earlier,
we
become
a
much
more,
let's
say
the
lobby
of
the
metaverse.
U
S
U
Not
so
far
right,
so
they
also
didn't
sign
up
for
the
open,
metaverse
Alliance,
so
I
haven't
seen
them
there
and
I.
Don't
know
what
their
plans
are.
All
I
can
say
for
us
right.
We
we
are
available
on
Android
iOS,
because
that's
where
people
are
we
particularly
I
mean
VR
is
going
to
come.
Ar
is
going
to
come
out
to
be
a
little
bit,
hesitant
to
say
you
know.
This
is
a
thing
consumer
thing,
consumer
ready
thing
yet
right,
so
we're
waiting
on
it.
S
W
We're
usually
trying
to
help
traditional
organizations,
make
crypto
data
work
in
their
old
banking
infrastructure
and
which
we
do
now
as
a
as
a
regular
course
of
business.
We're.
In
contrast,
when
we're
serving
the
crypto
native
ones,
it's
it's
typically
helping
them
with
auditability
a
lot
of
the
topics
that
were
mentioned
earlier,
but
helping
them
with
financial
transparency,
building
trust
and
where,
in
contrast,
the
traditional
ones
for
the
most
part
have
that
trust
built,
reputationally
and
they're
more
trying
to
preserve
it,
and
so
they
do
move
very
differently.
I
mean
it's.
S
Know,
there's
I
think
there
are
two
broad
schools
of
thought
in
terms
of
how
crypto
goes
mainstream.
You
know
part
of
the
thought
is
we
have
to
get
the
traditional
guys
in
you
know,
because
that's
where
all
the
money
is
and
until
they
come
in
then
we're
not
going
to
be
mainstream
and
other
people.
Think
no,
you
gotta,
you
know
they're,
not
gonna,
be
the
innovators.
It's
you
know.
Somebody
outside
is
going
to
build
something
that
that
and
that's
what's
going
to
make
us
go
mainstream.
Do
you
have
a
view
I.
W
S
We
well
I
I
would
Define
it.
I
was
there
at
the
beginning
of
a
online
video
I
was
the
largest
river
in
2000,
but
it
was
a
very
unpleasant
experience,
because
you
know
you'd
wait
and
wait
and
wait
05
its
time
now
the
pipes
are
fat
enough
and
so
I
tried
to
get
into
it
and
I
bought
the
largest
when
I
talked
to
the
second
biggest
one
about
buying
them
did
not
buy
them.
S
A
month
later
somebody
uploaded
a
video
called
Lazy
Sunday
onto
that
site
and
that
site
they
became
the
fastest
growing
website
in
the
history
of
the
world.
Six
months
later,
Google
bought
them
for
a
billion
and
a
half
that
was
YouTube
right.
That
was,
you
know
somebody.
The
market
was
ready,
right
and
and
boom.
Now
it
went
from-
and
you
know
to
me-
that's
mainstream.
So
for
me,
I'm
kind
of
sitting
here
right.
U
V
What
is
more,
likely
to
be
mainstream
on
the
custody
side
is
back
to
the
first
crypto
banking
license
that
was
written
in
the
world,
which
is
in
the
state
of
Wyoming.
We
passed
something
called
the
special
purpose.
Depository
institution
license
the
first
U.S
crypto
banking
license
and
shock
and
odd,
had
in
100
reserve
requirement.
V
But
to
you,
because
those
are
your
assets
to
keep
them
safe,
and
so
the
first
crypto
banging
license,
which
now
only
five
companies
are
regulated
by
including
Kraken,
are
abiding
by
the
first
ever
100
Reserve
requirement.
Since
the
1700s.
Yes,
there
has
not
been
a
single
Bank
in
the
United
States
that
has
had
an
100
reserve
requirement,
since
the
1700s
and
I
think
that's
a
problem.
We
should
probably
start
trying
to.
U
W
W
W
W
They're
just
stressed
right,
so
it's
a
very
different
unfortunate
scenario
right.
So
it's
more
unfortunate
situations
but
I
I.
In
a
very
positive
note,
we
haven't
seen
any
of
those
traditional
ones
that
have
altered
plans
now:
they're
they're
watching
they're,
of
course
asking
more
questions
when
it
comes
to
risk
management
and
resilience
and
everything
but
I
think
they're.
All
the
right
questions
so,
but
nothing
I
haven't
seen
any
of
them
going
away
or
or
getting
out
of
crypto
or
saying
that
the
technology
is
stale
or
bad
or
or
anything
like
that.
S
U
I
think,
first
of
all,
maybe
I
I
think
we
will
see,
even
though
you
know
we're
called
in
the
crypto
window,
whatever
we
are,
but
I
want
to
draw
a
comparison.
So
you
know
we
had
a
very
big
event:
magical
events
actually
last
year
right
with
the
war
and
then
FDX
and
whatever.
But
it's
just
when
you
think
about
you
know
how
is
the
narrative
and
what's
happening
when
you
think
in
2000
right?
Maybe
some
of
you
remember
that
there
was
also
some
downtown
right
and
people
thought.
U
Oh
we're
getting
a
recession
and
then
the
terrible
event
of
9
11
happened
right
and
people
said
now
we're
going
to
end
up
in
a
recession
for
the
next
10
years
or
whatever
it
was
really
negative.
However,
what
has
happened
is
The.
Narrative
has
changed
so
what
you
know
and
I
want
to
promote
any
politician
here,
but
you
know
Bush
went
out
at
that
time.
Right
I
said:
hey
guys,
you
know,
people
you
have
to
go
out,
go
travel,
you
have
to
do
things
meet
people
travel
around
the
world.
U
You
know
see
others
what
the
hell.
You
know
this
actually
has.
You
know
initiated
so
some
kind
of
dynamic
which
resulted
actually
in
a
big
upturn
right
actually
already
two
months
three
months
after
9
11,
the
economy
kicked
in
again
and
I
think
we
can
actually
have
the
very
similar
effect
right
now,
because
when
you
think
about
it,
of
course,
we
had
those
bad
if
events
last
year,
but
you
have
so
many
companies
building
stuff
and
you
know,
building
it
usually
takes.
V
Yeah
absolutely
I
really
feel
like
2023
is
the
year
for
distributed
Ledger
technology
to
start
putting
out
more
products
that
really
solve
the
problems
that
we
originally
sought
to
solve.
We
weren't
trying
to
build
a
new
type
of
bank
with
the
same
risks
and
lack
of
transparency
that
original
banks
have
that.
V
That
was
not
what
we
thought
to
do,
but
to
increase
transparency
and
consent
mechanisms
and
permission
structures
and
the
ability
for
every
individual
to
own
their
digital
assets
and
be
empowered
by
the
ownership
and
holding
of
their
own
digital
assets
and
to
be
able
to
earn
on
top
of
that.
So
we
do
have
the
ability.
Now
we
have
enough
Technologies
and
a
large
enough
Global
Community
to
deliver
on
those
promises.
V
So
it
is
still,
you
know
a
a
time
to
not
just
huddle
but
build
and
sit
down
and
whatever
projects
you
are
a
part
of
build
them,
because
this
is
going
to
be
the
year
that
the
world
is
ready
to
adopt
the
actual
solutions
to
these
issues,
because
we've
seen
what
happens
when
we
recreate
the
wheel,
that's
not
what
we
were
here
to
do.
Fdx
didn't
solve
any
problems.
V
W
Yeah
I
mean
everyone's
been
clearly
talking
about
financial
transparency
and
I.
I
do
believe
that
2023
will
see
a
lot
of
the
risk
maturity
with
all
the
same
technology
that
we've
already
been
using.
I
know
what
I've
already
been
noticing
here
at
weft
at
the
events
and
just
having
conversations
is
I
mean
just
like
you
said
right
this
any
anything.
That's
this
material
takes
time
to
adopt,
and
just
because
we
haven't
seen
certain
companies
in
the
Press
over
the
last
year
doesn't
mean
they
weren't
working
and
sometimes
particularly
for
some
of
the
large
traditional
institutions.
W
It
takes
them
more
than
a
year
to
to
do
things
like
this,
but
what
I'm
noticing
in
the
conversations
is
there's
now.
Finally,
more
of
a
separation
between
the
technology
and
the
organizations
where
I
feel,
like
historically
we've
seen
those
lines
blurrence
together
a
lot
and
people
will
say:
oh
there's
a
crypto
company
or
there's
a
traditional
one,
which
is
just
wrong.
This
technology
can
be
applied
to
arguably
any
business
that
interacts
with
money
and
that
pretty
sure
defines
a
business.
So
so
I
I
do
believe
that
sometimes
it
takes
big
events
like
this.
V
V
S
B
V
So
as
soon
as
we
actually
get
to
the
place
where
it
is
the
real
time
for
security
tokens,
I
think
for
the
past
six
years,
all
of
us
that
are
obsessed
with
security
tokens
have
been
saying.
This
is
the
Year.
This
is
the
year,
but
I
really
think
that
in
2023
we're
going
to
see
these
regulatory
use
cases
where
it
actually
makes
the
trading
of
of
typical
Securities
a
lot
easier
and
brings
more
liquidity
to
different
environments.
P
N
W
W
What's
the
reason
that
we're
doing
that
I
mean,
in
my
opinion,
it's
it's
just
simply
about
liquidity
and
trading
assets
for
one
another
in
fractional
quantities
and
that's
what
the
crypto
ecosystem
has
done
in
an
incredibly
like
I
I
mean
just
a
fantastic
way
for
a
long
time,
I
mean
almost
a
decade
and-
and
it's
I
think
the
way
that
we're
trading
those
assets,
which
is
the
big
takeaway
and
but
what
we
represent
on
the
blockchain,
is
an
open
book.
We
can.
We
can
do
that
with
anything.
I
About
Mass
adoption,
what
do
you
think
has
to
happen
or
will
happen
in
order
to
make
it
more
consumer
friendly
to
a
secure,
quick
to
put
it
on
a
wallet
or
Ledger,
because
I
know
a
lot
of
people.
You
know
I'm
trying
to
explain
once
they
are
interested
to
get
crypto
how
to
secure
it,
and
if
you
really
not
a
techie,
and
you
realize
what
is
all
the
processes
you
know
to
to
create
a
wallet
to
go
on
a
ledger
to
do
all
these
things.
What
do
you
think
has
to
happen
and
will
happen?
I
V
For
me,
I
would
say:
digital
literacy,
education
for
most
people
doing
some
of
the
the
basic
self-custody
mechanisms
that
those
of
us
who
are
very
technically
savvy
are
used
to
doing
every
day
are
be
Beyond
imaginable.
They
would
never
be
able
to
integrate
that
into
their
normal
lives,
nor
would
they
feel
comfortable
either,
because
that's
not
something
that
they're
used
to
it's,
not
something
that
they
feel
like.
They
have
the
physical
security
to
do,
or
they
just
don't
know
how
to
use
technology
in
a
way
where
they
are
safe.
V
They
understand
cyber
security
issues,
so
people
understanding
their
own
digital
rights
and
cyber
security
and
how
to
actually
secure
their
own
devices
and
use
them
in
their
daily
lives,
even
with
very
simple
smartphones
that
most
of
the
world
owns
we're
still
not
there
yet
there's
only
a
handful
of
countries
around
the
world
that
have
implemented
digital
literacy,
education
into
the
public
curriculum
we're
getting
there.
I
I
work
with
the
IEEE
digital
literacy,
digital
literacy
curriculum
that
is
now.
V
As
of
our
our
last
talk
at
the
G20
has
now
been
implemented
by
a
number
of
countries
at
the
national
level,
where
they're
working
through
the
Ministry
of
Education
to
push
it
from
kindergarten
all
the
way
up
through
college.
But
right
now
now
I
would
say,
since
it's
not
taught
unless
people
have
decided
to
take
that
on
in
their
own
personal
lives
or
they've,
been
taught
by
their
parents,
that
they
wouldn't
feel
comfortable
holding
the
majority
of
their
net
worth
on
a
device.
But
we
will
get
there
over
the
next
couple
years.
U
I
tend
to
say
we're
going
to
live,
probably
in
a
hybrid
world
right
so
because
lots
of
people
are
just
not
never
going
to
be
happy
to.
You
know
what
decentralized
Mexico,
complete
self-cuts,
the
your
keys
and
whatever
right
lots
of
people
are
going
to
say,
I'm,
fine,
that
someone
is
handling
it
right,
so
there
will
be
centralized
exchanges
not
going
to
go
away,
but
then
we
have
only
other
spectrum
of
decentralized
world,
but
there's
also
from
technology
perspective.
U
Speaking,
there's
also
ways
in
between
right
that
maybe
a
key
is
handed
out
by
by
an
institution,
but
then
they
lose
access
to
it.
We're
doing
something
similar
in,
for
instance,
in
Upland.
You
know
to
solve
that
right
in
order
to
address
much
more
mass
market.
So
that's
the
first
thing
and
then
the
second
thing
is
I.
Think
it's
also
generational
right.
When
we
look
at
our
parents,
how
are
they
working
with
their
phones
right?
U
It's
it's
just
you
know,
but
now
you
know
generation
Alpha.
You
know
that
we're
coming
right.
This
is
Generation
class
right,
they're
used
to
all
the
time
on
their
on
their
devices.
I
think
it's
also
just
a
matter
of
time
that
it
gets
gets,
gets
there.
But
it's
not
going
to
be
a
black
or
white
for
sure.
W
Yeah
I
mean
I
agree
with
everything.
Education
was
the
very
first
thing
that
came
to
mind.
I
will
say,
though,
I
think
in
order
to
piggyback
on
my
statement
earlier
when
my
mom
bought
crypto
the
first
time.
That
was
me
educating
her,
and
the
very
first
topic
we
talked
about
was
not
crypto.
It
was
security
and
cyber
security
using
password
managers
and
understanding
the
threats
that
are
associated
with
it.
Because
that's
what
you
need
and
that's
just
the
beginning,
I
mean
the
innovators
also
need
to
improve.
S
Yeah
I'd
add
it.
You
know
I'm
I'm,
a
massive
believer
in
education
and
I
think
it's
great
but
I'm
interested
in
educating,
so
that
we
can
get
Builders
who
can
build
something
because
I
think
if
you
look
back
at
the
internet,
the
internet
was
started
in
1968.
That
was
when
the
first
email
was
sent,
but
it
wasn't
until
94
when
Andreessen
created
the
browser
that
the
average
person
could
actually
use
it
and
wouldn't
have
to
actually
get
educated
to
use
the
internet.
It
just
kind
of
nobody
got
educated
on
this
right.
S
X
U
It's
always
about
disruption
right
and
what
is
the
sharpness?
You
know
when
you
have.
You
know
when
the
the
power
of
the
people
right
and
interoperability,
once
people
discover
that
they
can
take
and
take
their
assets
from
one
world
or
you
know
from
one
thing
to
the
other,
and
they
see
the
benefits
they
can
maybe
resell
their
assets.
U
They
can
do
things
and
that's
actually
something
which
makes
it
much
more
compelling
for
the
consumers
right
and
that's
I,
think
you
know
the
technology
is
getting
there
and
that's
where
actually,
where
web3
is
going
to
disrupt
and
that's
where
visits
the
where
web
2
is
just
an
innovators
dilemma.
They
cannot
change
their
business
model
in
that
sense,
right
so
I'm
hopeful
that
we
get
there
and
that
we're
going
to
see
in
the
next
three
to
four
years,
really
good
good
disruption.
V
So
as
we
move
into
a
world
where
everyone
is
ready
for
security
tokens,
for
example,
and
more
more
digital
assets
that
are
being
labeled
as
Commodities,
well
yeah,
the
the
big
Banks
make
their
money
off
of
Securities
and
commodities,
which
is
why
they're
pushing
that
type
of
regulatory
definition
and
the
development
in
that
area.
Do
they
make
any
money
off
of
utility
tokens?
Absolutely
not.
Is
that
why
they
would
like
to
crush
certain
parts
of
the
crypto
industry?
V
V
But
if
we
look
at
other
parts
of
the
digital
asset
industry
like
metaverse,
for
example,
of
course,
we're
not
going
to
get
taken
over
by
the
big
guys
look
at
meta's
strategy,
which
is
to
take
46.5
of
all
of
your
transactions
in
the
metaverse.
That's
the
actual
business
plan
that
Mark
Zuckerberg
published
so
in
the
web.
V
3
Community,
we
argue
whether
we
should
use
something
like
open,
C
or
another
exchange,
because
openc
takes
a
whole
2.5
percent
and
other
exchanges
take
two
or
zero
percent,
and
so
we're
really
arguing
with
point
five
percent,
not
46.5.
Okay.
So
a
lot
of
the
web
2
players
don't
actually
understand
the
entire
point
of
individual
ownership
and
Community
Driven
economic
models
and
that's
where
they're
going
to
lose.
So
it's.
W
All
to
play
for
Robert,
yeah
I
mean
I
have
simpler
answer.
If
that
happened,
it
wouldn't
be
web
three.
It's
that
simple!
That's
the
whole
premise
of
it.
So
I
think
that,
where
we've
seen
a
lot
of
use
cases
that
the
web3
community
as
this
evolves,
because
it's
clearly
has
a
long
way
to
go,
is
where
we've
seen
a
lot
of
positive
characteristics
is
with
consensus
mechanisms
with
open
source
code
with
things
like
that,
I
mean
that's
where
you
see
communities
can
actually
validate
to
help.
W
The
people
that
are
less
educated,
I
mean
I,
cannot
read
the
code
associated
with
the
protocol
personally
and
I'm
sitting
on
panels
like
this
all
the
time
talking
about
crypto
right,
because
we
can,
we
can
trust
other
people
and
processes
and
other
things
that
are
in
place
collectively
in
order
to
build
trust
and,
and
so
I
think
that's
where,
where
we
will
see
it,
adopt
faster
and
then
hopefully
achieving
the
right
objective
and
not
not
being
monopolized
by
the
wrong
parties.
So.