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From YouTube: dxDAO Interview | BlockchainBrad | A Sovereign Collective | Decentralizing DeFi | Governs/Grows DeFi
Description
Today BlockchainBrad speaks exclusively with two dxDAO members about the sovereign collective the growing team is building. Why? Well, they are decentralizing DeFi. The DXdao is a decentralized organization started just over a year ago and has over 400 unique stakeholder addresses and built with DXD at its core. It develops, governs, and grows DeFi protocols and products, including some recently announced. Owned and operated by the community, the DXdao has the potential to significantly scale its membership & is makings some real headway atm. Thanks to both Ingamar Ramirez & John Kelleher for doing this detailed interview.
DXD powers the Decentralised Ecosystem
The DXD token is DXdao´s native token. DXD token holders have an economic claim to the DXdao´s revenue. It also grants its owners future access to a suite of services and premium features in decentralised applications, such as gasless transactions, feeless anonymizing of assets, reduced trading fees on DEX protocols and more.
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Timestamps:
1:16 Sovereign Collective
4:00 Voting/Reputation & Proposals
4:20 Open Nature of DAO
5:25 DAO's. What are they? The Breakdown.
7:36 Gnosis- the role of connections with dxDAO. Mesa-DEX: Front End of Gnosis.
9:35 What sets dxDAO apart? pseudonymous numbers and public numbers & decentralised membership
10:38 DAOStack connection-Alchemy. Strong connection feedback.
11:54 Potential of Governance-as-a-service. Custody as a service.
14:11 DAPPs Discussion. Omen: MIX- Mesa: products.
15:55 Devs in the dxDAO: about 12 key devs but products leverage about 100 devs.
17:04 Defi/Ethereum- startup support for dxDAO
18:34 Conservative Approach/Frugal Approach: Scalability comments + holographic consensus
20:27 Team: Decentralised Team.
22:00 DeFi: not Ethereum's trademark, but it has the network effects.
23:42 Not a Gnosis DAO. Initial versions of WP. WP is being updated.
25:32 Features: no hierarchy, symmetry of info, form knowledge and open access
27:40 Contribution/Reputation/ENS and more tech talk
29:48 Holographic Consensus- more chat.
30:37 Attack Vectors and Risk and dxDAO strategy.
35:04 Trailblazers: compliance and regulation for tomorrow??
37:18 The value-add of DAOs
38:51 Revenue Potential. Omen + bonding Curve + Runway
41:10 DAOTalk- threads are valuable in the building process
42:01 Token (DXD) what it is for. The Purpose. Tied to Revenue, Funding ties, buy back & burn.
46:23 Unlocks, Treasury & Roadmap
47:37 DXD Bonding Curve
49:10 DMM/DMG Reference: connection between dxDAO
52:38 Vetting process? Democratic process through consensus
54:04 Investors: who? 2 Dev Teams.
55:22 The evolution of DAO.
57:49 beautiful experiment
59:00 dxDAO socials. How to get in touch.
1:00:00 Real ways to build.
1:01:11 Exchanges, Slippage and Arbitrage
1:03:33 Liquidity- yeah it matters
1:04:22 Organic Growth/Biz Dev
1:04:33 bugs-devs-addressing the bugs
1:06:52 Web3 and other major startups supporting dxDAO
1:08:43 registration: no actual registration
1:11:21 Final statements and vision-statement
1:13:12 Closing Statement
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Links:
DXdao website: https://dxdao.eth.link
DXdao Twitter: https://twitter.com/dxdao_
DXdao Telegram: https://t.me/dxDAO
DXdao Keybase: https://keybase.io/team/dx_dao
Links to the awesome guys in the chat:
https://twitter.com/Ingalandia
https://twitter.com/jpkcambridge
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PAYMENT/DONATION DISCLOSURE:
This was 100% free and I received no financial compensation for doing this video; not in fiat, tokens or any form on payment. I also edited this completely myself so it can be free for the public.
INVESTMENT DISCLOSURE:
I have NOT invested on dxDAO tokens (Not Financial Advice).
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GENERAL DISCLAIMER:
The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner.
A
Hello,
it's
brad
laurie
of
blockchain
brad
and
today
we're
speaking
about
all
things,
dx
dao
and
with
me.
We
have
two
key
members
of
what
is
essentially
a
decentralized
team
right
around
the
globe
where
you
have
john
kelleher
and
ingemar
ramirez
to
both
of
you.
Thank
you
sincerely
for
being
here
to
explain
more
about
dxdou.
B
A
A
No
worries
and
for
all
of
the,
inter
all
the
listeners
as
well,
it's
important
you
know
this
is
entirely
free.
This
is
about
education,
information
and
allowing
these
awesome
guys
to
come
on
the
channel
to
be
able
to
exploit,
explain
and
just
inform
us
about
what
fundamentally
dxdow
stands
for.
We
all
need
to
know
more.
So,
let's
get
into
this
guys,
let's
roll
up
the
sleeves
and
unpack
what
is
dxdow,
let's
start
with
some
of
those
key
terms
that
you
guys
would
know-
and
we
certainly
don't
know
that
much.
Let's
assume
we
don't.
A
C
Sure,
in
terms
of
sovereign
collective,
I
think
what
that
is
talking
about
is
is
that
the
group
is
the
dao
which
is
made
of
its
constituents,
who
have
what's
called
reputation
associated
with
an
ethereum
address,
representing
their
voting
power,
make
decisions
collectively
and-
and
I
guess,
like
the
sovereign
nature
of
that,
is
that
yeah
I
mean
it
governs
itself
and
then,
in
terms
of
decentralizing
t5.
I
think
that's
a
very
important
piece
of
the
narrative
for
dx
tao
d5.
C
I
think
we've
all
seen
it's
become
quite
a
a
hot
topic
and
a
big
movement
in
crypto.
But
when
you
look
closely
at
a
lot
of
the
projects,
you
realize
that
there
are
many
like
centralized
elements
from.
You
know,
centralized
teams
that
are
perhaps
backed
by
venture
capital
or
they
have
admin
control
of
the
contracts
to
even
projects
that
you
know
pretend
to
have
token
governance.
A
B
Yeah
sure
so
the
dx
dial-
you
know
it
originated
about
a
year
ago,
and
it
was
sort
of
like
a
pet
project
between
dao
stack
and
and
gnosis.
I
came
along
a
little
more
than
a
month
ago,
so
I
wasn't
around
during
the
the
vote
staking
period
and
it
was
this
period
where
you
know
people
they
participated
in
certain
activities
in
order
to
acquire
reputation
and
voting
power
on
the
genesis
of
that
dow.
B
Since
then,
in
order
to
you
know,
acquire
reputation
now
is
to
is
to
have
a
proposal
passed.
So
what
I
like
about
this
dow
is
that
it
is
very
open.
You
can
just
come
in
join
the
discussion,
there's
no
there's
no
application,
there's
no
forms
or
anything
like
that.
Anybody
can
just
join
the
discussion,
find
a
way
to
participate
and
you
know
get
recognized
for
it.
A
Yeah,
I
noticed
it
looks
a
bit
like
a
github
as
well.
I
had
a
look
today
and
it's
quite
open
now.
If
we
look
back
at
a
bit
of
the
evolution,
I
wanted
to
just
discuss
a
little
bit
more
about
gnosis
with
both
of
you,
because
obviously
that
was
quite
integral
to
the
architecture
to
design
so
do
either
of
you
want
to
comment
on
helping
us
understand
two
things.
One
is
what
is
a
dowse
for
those
who
actually
don't
know
and
also
what
is
their
relationship
with
nurses
here.
C
Yeah
I
mean
so,
I
think
it's
something
that
there
isn't
a
clear
kind
of
consensus
on
in
crypto.
I
see
you
know
a
lot
of
different
types
of
groups
and
organizations
referring
to
themselves
as
dows,
and
I
mean
I
think,
that's
great
there's
a
lot
of
experimenting
going
on.
In
my
in
my
mind,
you
know
if
we
break
it
down
decentralized,
autonomous
organization
like,
of
course,
an
organization
is
like
a
group
of
people.
C
So
to
me
I
think
a
key
piece
in
that
which
I
think
dx
style
kind
of
defines
itself
is,
is
like
the
decisions
have
to
be
made
through
consensus
and
even
all
the
capital
that
the
style
has
in
this
treasury
can
only
be
set
spent
through
consensus.
Like
so
contrasting
that
with
say,
you
know
the
rage
quit
function
in
malik,
where
people
can
kind
of
individually
pull
out
their
capital.
Tx.
Now,
like
all
the
capital,
is
fully
committed,
it
will
only
be
spent.
D
C
Know
there's
consensus
amongst
its
constituents
and-
and
I
think
the
decentralized
aspect
of
a
dao
like
tx
tao,
I
think,
is
really
trying
to
push
that
to
kind
of
like
its
maximum
right
like
so,
it's
open
to
anybody
to
come
in
and
request
reputation.
It's
you
know,
I
think
a
goal
of
the
existing
community
to
continue
to
grow
it
and
become
bigger
and
more
distributed,
and
I
think
really
eventually
like
the
dream
of
daos,
is
to
become
unstoppable.
In
that
sense,
right,
like
censorship,
resistant
themselves
to
the
level.
C
A
And
ingame,
I
want
to
ask
you
in
that
context,
with
cypherpunk
in
the
movement
we
saw,
the
likes
of
bitcoin
really
start
kickstart.
This
obviously
the
whole
narrative
of
censorship,
resistance
and
making
sure
decentralization
is
possible
and
enabled
through
the
dows.
That's
certainly
an
exciting
thing.
Gnosis
has
been
around
for
a
while.
I
remember
watching
them
and
learning
about
them
years
ago,
actually
through
their
presentations
in
berlin.
A
B
Yeah,
so
at
this
moment
we
are
governing
one
of
their
products.
We
have
basically
custody
of
of
their
mesa
decks.
It's
the
front
end
of
the
gnosis
protocol,
so
we
can
totally
govern
like
which
tokens
get
listed
on
there.
You
know
we
can.
We
can
make
updates
such
as
you
know,
the
ui,
which
should
be
happening
soon.
So
we
work
pretty
closely
with
gnosis's
team
and
you
know
it's
it's
a
collaborative
process
and
it's
also
a
learning
process.
A
Right
and
obviously
for
those
who
want
to
look
into
this
more,
what
is
exciting
is
there's
already
empirical
evidence
of
the
building.
Now,
that's
something
I
think
is
quite
important
right
now,
as
well,
when
we've
seen
the
likes
of
white
papers,
be
you
know
the
key
method,
I
suppose
in
2017
of
really
making
that
blockchain
bet.
Now
we
see
a
lot
more
since
then.
A
So
in
that
context,
let's
talk
a
little
bit
more
about
the
dow
dx
now
in
comparison
to,
let's
say
a
suite
of
doubts,
so,
for
example,
if
you
go
to
dao
stack,
you
see
a
whole
lot
of
optionalities
there
a
lot
a
lot
of
choices,
four
different
downs.
So
what
sets
you
apart
guys
in
terms
of
being
you
know,
perhaps
a
better
doubt.
C
A
The
globe
know
I
did
a
comparison
to
others
and
the
numbers
really
did
stand
out.
Actually,
when
we
look
at
the
the
dow
stack
literally
in
terms
of
just
how
popular
you've
become
now
dow
stack
itself.
Gentlemen,
do
you
want
to
just
touch
on
that
as
well,
because
obviously
they
are
important
for
once
again
the
overall
picture
for
dx
dow?
So
what's
the
relationship
there,
do
you
speak
with
them
regularly.
B
Yeah
we
we
do.
We
do
have
a
couple
of
dow
stack
members
in
in
our
chats
that
we
that
we
talk
to
and
give
feedback
to,
as
as
we
use
their
their
alchemy
interface.
So
the
cool
thing
about
alchemy
is
is
that
it's
very,
very
user
friendly.
In
my
opinion,
it's
very
like
easily
navigable
and
the
way
like
dow
stacks
spin
on
on
the
dow
framework
is
it's
a
holographic
consensus
which
kind
of
gamifies
through
allowing
you
to
stake.
A
Right
and
if
people
want
to
look
more
into
consensus,
they
can
go
into
the
white
paper
and
that's
available
also
through
the
links
provided
by
the
dxdown
team
on
their
website,
and
we
will
touch
on
that
a
little
bit
more
in
the
interview.
But
I
wanted
to
talk
to
you
about
a
statement
actually
by
new
ingomar
in
just
in
the
discussions
as
we
prepped
for
this
interview.
There
was
a
statement
made
where
there's
the
potential
of
a
governance
as
a
service
to
other
companies.
B
A
Now,
if
we
talk
a
little
bit
more
john
about
the
d
apps
or
the
dapps
related
to
dx
tao,
we've
already
talked
a
little
bit
about
misa.
But
there's
the
correct
me
if
I
mispronounce
these,
but
then
there's
the
omen.
Is
that
how
you
pronounce
it
and
the
mix,
and
also
the
misa?
So
do
you
want
to
just
touch
on
each
of
those
in
the
product
suite?
If
that's
what
we
want
to
call
them
or
the
d
apps
with
regard
to
products
on
offer.
D
C
Which
eager
mark
alluded
to
earlier
is
live
now.
It
is
a
a
dex
and
it's
a
front
end
to
the
gnosis
protocol.
Omen
is
almost
complete
on
the
development
side,
so
we
can
expect
it
to
be
launching
pretty
soon.
There
was
actually
a
proposal
that
got
voted
down
because
a
bug
was
found
kind
of
like,
but
it
was.
It
was
very
it's
very
close
to
being
launched.
C
Omen
omen
is
a
prediction
market
platform
again
leveraging
gnosis
technology,
so
it's
built
on
the
conditional
token
framework
and
then
thirdly
is
mix
which
is
has
been
designed
but
has
not
entered
development.
Yet
there
are
some
dow
talk
posts
and
you
know
it
looks
like
there
will
probably
be
a
proposal
soon
to
undoubtedly
stack
to
fund
that
effort,
but.
C
A
Sure-
and
it
does
look
like,
like
you
said,
there's
different
stages
of
development
in
each
of
them,
but
it's
so
transparent.
When
I
had
a
look
at
the
dow
talk
off
like,
I
guess
the
conversations,
the
discussions
and
you
can
certainly
click
into
them.
It's
clear
that
there's
a
lot
of
developers
engaged
in
each
of
these
at
different
levels.
So
how
many
developers
you
know
globally
are
involved
in
the
dao
process
in
the
dxdow
and
particularly
with
regard
to
the
building
side.
C
A
Products
all
right
and
ingomar,
you
must
be
loving
all
the
support
from
those
other
established
teams
in
the
d5
space,
especially
given,
as
we've
discussed
in
2020.
It
is
a
hot
topic.
It
is
a
popular
topic,
but
beyond
that,
there's
been
a
lot
of
research
and
and
now
we
see
a
lot
of
pragmatic
work
being
done
in
the
space
to
better
finance
potentially
for
the
globe.
So
you
know
you
stay
on
the
on
the
shoulders
of
giants,
perhaps
with
ethereum.
B
Yeah
really
grateful
for
that,
because
you
know
a
lot
of
our
developments
wouldn't
happen
without
you
know
these
other
companies.
So
you
know
we
want
to
maintain
like
our
strong
relationship
with
you
know,
gnosis
and
dow
stack,
because
we,
you
know,
we
use
their
products
and
you
know
we're
trying
to
make
a
case
for,
like
you
know
the
first
self-sovereign
organization
who
actually
can
build
products
and
and
and
function
and
scale.
A
B
Yeah,
I
I
wonder
that
too,
because
you
know
they
we
we
communicate
across.
You
know
maybe
a
half
dozen
chat
platforms.
You
know
we
have
a
lot
of
conversations
every
week.
You
know
every
couple
weeks.
It
feels
like
a
couple
months
with
with
this
dow,
and
you
know,
we've
got
we've
managed
to
raise.
You
know
quite
a
lot
of
eve,
and
you
know
it's
still
there.
It's
still
safe,
where
we
are
very
conservative
about
like
the
use
of
funds.
We've
been
really
really
good
about
it
and
we're.
A
C
It
work
it's
it's
harder
yeah,
I
think,
in
terms
of
the
scalability,
I
think
dow
stack
has
put
us
kind
of
set
us
up
fairly.
Well,
I
was
one
of
the
key
ideas
with
holographic.
Consensus
is
to
allow
large
dows
to
be
able
to
make
decisions
quickly
without
having
everybody's
attention
always
focused
on
every
proposal,
and
they
do
that
through
this
staking
process,
so
that,
basically,
if,
if
somebody
it's
almost
it's
sort
of
like
prediction
markets
like
actually
where,
if
somebody.
C
A
great
step
in
that
direction,
but
there's
many
problems
I
think,
and
a
lot
of
like
innovation
that
I
hope
will
happen
to
kind
of
support.
This
idea
of
skill,
scalable
devs
in
fact
today
later
I'm
actually
talking
with
these
guys
as
a
team
called
abridged.
They
work
on.
You
know
basically
signal
voting
within
telegram
groups,
and
so
this
is
an
area
that
we're
exploring
in
dxnow
is
like
how
to
better
kind
of
facilitate
off-chain
consensus,
leading
up.
A
Right
and,
as
you
gentlemen
would
know,
nothing's
set
in
stone
as
well.
I
mean
you're,
constantly
iterating,
you're,
constantly
innovating
with
regard
to
the
technology
and
you're,
proving
that
with
just
with
that
mention,
you
know,
with
a
bridge
and
any
other
team
you're
engaging
with
in
the
future.
It's
all
about
improving
the
scalability
and
other
aspects
of
of
the
architecture.
Now,
to
do
that,
you
need
a
strong
team,
so
I
I
was
wondering,
despite
being
decentralized
and
having
you
know,
various
parties
that-
and
many
are
anonymous-
I
would
imagine.
A
Can
you
just
give
us
some
sort
of
confidence
from
your
response
that
you
do
have
people
who
know
their
you
know
that
know
what
they're
doing
know
the
no
have
tech
skills
that
can
really
lead
this
out,
and
I
ask
you
this
in
the
context
of
what
are
the
hype
we
see
in
this
space
trying
to
differentiate
between
what
is
real?
What
is
and
is
a
tough
thing,
and
it's
a
tough
asking
crypto.
C
C
You
know
amongst
the
kind
of
dx
dow
folks
who
are
completely
focused.
I
think
people
are
coming
from
backgrounds
such
as
like
maker
dao,
and
you
know
I
work
at
level
k
we've
been
around
for
a
few
years,
and
I've
worked
with
some
of
the
best
teams
in
the
space.
I
think
there's
a
deep
bench
of
technical
and
just
you
know,
crypto
talent
and
expertise
like
at
work
with
the
dxtel.
A
Got
it
okay?
So
here's
a
tough
question
now,
obviously
you're
very
connected
with
the
ethereum
team.
Certainly
proponents
of
d5
in
that
sense,
but
even
today
I
was
having
discussion
with
a
very
strong
sort
of
proponent
and
media
sort
of
front
man
for
ethereum,
and
I
was
making
the
point
that
perhaps
ethereum
is
not
or
d5
rather
is
not
a
trademark
connected
directly
to
ethereum,
but
more
just
a
general
sort
of
ethos
for
all
of
us
to
sort
of
support.
What
are
your
thoughts
on
that?
B
I
guess
we
love
ethereum
because
of
its
its
network
effect
and
there's
you
know
so
many
people
involved
in
it
and
it's
just.
I
think
it's
a
lot
of
what
the
developers
are
most
experienced
with
and
comfortable
with.
I
I
don't
think
that,
like
we're
completely
closed
off
to
to
like
working
with
other
with
other
chains,.
C
D
C
A
Yeah
and
it's
a
nice
save
john,
because
obviously
all
of
the
different
startups
related
to
supporting
you
all
come
seem
to
come
from
ethereum
as
well,
and
obviously
we're
all
really
impressed.
I
think,
with
just
how
far
a
theme
has
come.
That's
that's
the
reality.
Now
in
your
white
paper,
as
we
mentioned,
you
discussed
the
super
scalability
aspect,
but
also
with
regard
to
that
there
was
a
statement
saying
that
it's
not
a
gnosis
doubt,
but
rather
your
own.
C
Yeah,
so
we
should
clarify
it
first
here
that
this
white
paper
was
written.
I
think
with
a
lot
of
effort
from
gnosis
that
initial,
like
launching
group
about
a
year
ago,
and
it's
actually
quite
a
bit
out
of
date,
doesn't
include
some
of
the
things
that
have
happened
more
recently,
there's
in
fact
some
community
members
working
on
updating
it,
but
I
think
to
answer
your
question:
gnosis,
along
with
desktech,
launched
the
excel
about
a
year
ago
and
stepped
back
like
they
don't
want
to.
You
know
it
would.
C
Dow
for
them
to
kind
of
like
continue
to
be
involved
and,
like
you
know
like
run
it
with
using
their
initial
influence
right,
so
they
did
a
very
good
job,
just
kind
of
stepping
back.
I
think
that's
actually
a
big
reason
why
some
people
ask
like.
Oh,
how
long
has
been
d
seminar
like?
Why
is
it
just
getting
you
know
it
kind
of
laid
almost
dormant
for
almost
a
year,
as
you
know,
that
kind
of
maybe
chaos
from
that
initial
stinking
period,
kind
of
just
like
kind
of
resulted
in
like
this
loss
of
momentum.
C
A
A
bit,
but
not
at
all,
and
it's
great
to
hear
that
people
are
starting
to
now
look
into
this
further.
We've
also
seen
the
hype
of
a
connected
coin.
We
are
going
to
touch
on
that,
but
all
all
things
aside,
attention
is
value.
Network
effects
are
valuable
as
well
and
we're
starting
to
see
the
value
of
dao's,
more
so
with
regard
to
censorship,
resistance
and
that's
attracting
a
lot
of
people
into
space.
So
let's
discuss
some
of
your
features
as
well.
A
B
Yeah,
that's
a
good
question,
so
what
they
mean
is
that
anyone
can
can
just
come
and
join
the
join.
The
discussion
participate.
Also
anyone
can
create
a
proposal
for
something
like
you
don't
need
permission
to
do,
that
it
takes
reputation
to
vote
on
them,
but
anyone
can
just
suggest
something
you
know
and
and
debate
about
it
and
offer
as
much
proof
and
evidence
as
possible
that
you
know
funded
is
needed
for
such
and
such
or
reputation
is,
you
know,
is
necessary
for
such
and
such
because
I
contributed.
D
B
A
And
I
suppose
that's
also
where
the
democracy
comes
in
as
well
to
you
to
the
design,
because
it
does
allow
you
know
every
everyday
people
to
be
involved
and
have
to
have
a
voice
literally
through
the
voting
now
in
terms
of
the
tech
stack
or
in
terms
of
the
design.
Rather,
you
have
several
schemes,
as
I
understand
so
do
either
of
you
want
to
touch
on
those.
Firstly,
perhaps
start
with
what
is
this
scheme
more
generally
and
then
we'll
break
it
down
into
the
different
schemes.
D
C
Essentially,
with
dow
stackdows,
you
can
do
almost
anything
you
want
on
ethereum,
but
you
have
to
build
a
scheme
to
support
that
particular
action
or
thing
right.
So
so
the
main
one
is
the
one
that
gets
used.
The
most
on
dx
now
is
called
like
contribution
reputation
and
like
funding,
I'm
actually
messing
up
the
name.
C
A
Txtail
products,
I
see
so
essentially
they're,
really
part
of
the
suite
of
tooling.
You
know
that's
available
that
are
built
in
to
the
whole
system
of
dsdell.
Absolutely
okay.
Now,
in
that,
I
really
wanted
to
better
understand
the
holographic
consensus,
because,
as
you
mentioned
before,
that's
the
whole
reason
why
you
can,
you
know,
make
claims
likes
being
super
scalable
in
the
future.
Sets
you
apart
very
specifically
with
everybody
else.
C
Kind
of
on
a
more
practical
level
and
yeah
what
basically
is
an
attempt
to
solve
the
problem
of
you
know.
If
you
have
a
large
group
and
a
lot
of
decisions,
you
know
attention,
bandwidth
is
limited
and
you
can't
everybody
can't
pay
attention
to
everything
all
the
time.
So
how
do
you
align
decision
you're,
making
a
group
without
using
up
everybody's
attention
all
the
time.
B
Yeah,
I
just
want
to
add
also
that,
in
order
to
pass
a
vote
through
alchemy,
you
have
to
have
51
voting
power
voting
for
the
proposal.
So,
if
you
have
a
thousand
people,
you'd
have
to
like
always
have
500
people
available.
So
what
the
holographic
consensus
does
is,
is
it
it
allows
the
it
turns
the
majority
vote
into
a
relative
vote
whereas,
like
let's
say,
if
only
10
people
voted
the
majority
of
those
votes,
you
know
wherever
they
go,
determines
the
outcome.
A
D
B
To
you
know,
attempts
to
get
like
free
funding,
and
I
guess
fortunately
for
us
like
it-
does
cost
gas
to
make
proposals,
and
you
know
they
are
visible
and
like
it
does
demand
consensus
in
order
to
to
pass
them.
So
I
thought
we
would
be
flooded,
but
it
was
only
like
a
handful
and
that
was
about
as
bad
as
it
got.
So
I
you
know
in
terms
of
in
terms
of
attacks.
I
you
know
I
I
thought
it
would
get
much
worse,
but.
A
C
C
So
I
mean
that
that's
one
aspect
of
the
security
is
that
it's
slow
and
now
things
that
some
of
the
developers
along
with
downstack
have
been
working
on.
You
know,
since
the
fundraise
kind
of,
like
you,
know,
increased
the
attention
and
kind
of
like
the
honeypot.
If
you
will,
you
know,
there's
been
efforts
to
basically
add
additional
modern
monitoring
tools
beyond
the
ui
itself,
to
basically
make
sure
that
members
are
aware
of
the
proposals
that
are
coming
across
and
so
to
you
know,
make
sure
that
no
malicious
proposal
would
appear.
A
Okay,
well,
it's
good
to
know
that
those
are
all
built
in
now.
I
want
to
touch
a
little
bit
more
on
understanding
the
state,
the
voting
the
vote
staking.
You
know
as
one
of
the
schemes
and
also
in
the
context
of
perhaps
you
can
educate
us
about
mgn
and
also
jen
as
well.
So
the
people
understand
exactly
where
the
role
they
play
in
the
design.
C
So
mgm
is
a
little
also
a
bit
of
an
outdated
token.
It
was
a
token
that
you
could
earn
on
the
dutch
exchange,
which
was
the
initial
product
that
tx
tao
had.
Unfortunately,
it
really
hasn't
seen
any
use
since
the
initial
launch,
and
it
doesn't
really
get
talked
about
too
much
more
but
yeah.
I
can
let
angelvar
take
the
gen
2.
B
Yeah,
so
the
way
it
works
now
like
gen
is
the
only
token
you
can
use
to
stake
on
votes
in
order
to
boost
them,
shortening
their
their
time
span,
as
well
as
ruling
in
the
the
the
relative
majority,
as
opposed
to
the
51
majority.
So
right
right
now,
the
way
it
works.
You
can
only
do
that
with
with
one
token.
A
B
C
C
Today,
it
is
it's
basically,
a
revenue
share
or
dividend
token
and
yeah
and
kind
of
legal
question.
I
think
there's
a
lot
of
legal
questions
around
this
and
I
think
dx
dow
is
kind
of
blazing
this
trail
forward
and
being
the
first
decentralized
organization
to
launch
this
type
of
a
fundraiser
and
and.
C
A
Really
just
beginning
to
ask
let
alone
an
answer
so
yeah
and
john.
Thank
you
so
much.
You
know
for
this
open
and
transparent
conversation,
because,
to
be
honest
with
you,
it
was
one
of
the
most
exciting
parts
I
think
of
the
interview
I
want
to
touch
on
because
you
literally
are
the
trailblazers
when
it
comes
to
challenging
the
status
quo.
A
You
know,
because
we
don't
see
the
likes
of
this
globally
anywhere
in
the
world
really
and
and
now
we're
starting
to
see
perhaps
jurisdictions
having
to
rewrite
the
textbooks
rewrite
the
legal
frameworks
to
cater
for
the
innovation.
We
tend
to
see
that
tech
leads
this
out.
So
are
you
confident
that
you
know
there's
a
future
for
dao's?
In
this
context,
I
mean,
if
we're
being
real,
obviously
there's
probably
concerns
right
around
the
world
right
now
with
regard
to
everything
from
bitcoin
all
the
way
across
to
dallas
in
market
share.
A
B
Yeah,
I
I
think
there
are
multiple
dows
going
they're
they're
doing
their
their
own
interpretations
of
you
know
how
dows
should
comply.
You
know
like
the
lao,
for
example,
they
like
they're
legally
incorporated
like
staker
dao,
is
another
one
that
legally
incorporated
so
we're
trying
to
go
as
like
full
decentralization
as
as
as
we
can
like.
I
guess
take
that
to
the
the
end
of
that
spectrum.
C
Like
keyed
on
it
and
when
they
were
trying
to
launch
this-
and
I
think,
we've
been
doing
a
good
job
of
d
style-
has
been
doing
a
good
job
of
like
advancing
that
and
but
yeah
I
mean
there's
a
lot.
It's
a
big
experiment
and
but
yeah.
I
have
a
lot
of
hope
that
this
technology
really
will
push
people
forward
in
how
we
organize
and
how
we
we
do
things
and
it
will
play
in
with
the
other
efforts
in
blockchain
to
kind
of
open.
A
I
totally
agree-
and
it's
interesting
because
having
spoken
to
daostack
some
years
ago
back
then
I
think
a
lot
of
people
thought
we
were
crazy.
You
know,
or
they
were,
you
know
you
know
perhaps
very
idealistic,
but
now
we
fast
forward
the
clock
to
today
and
we
see
that
there's
a
lot
of
legitimacy
in
the
space
and
and
perhaps
even
in
the
mainstream
they're,
really
discussing
this
with
a
very
serious
tone.
So
in
that
sense
you
know
I
wanted
to
ask
you
with
regard
to
liaising
perhaps
with
some
of
those
jurisdictions.
A
A
Got
it
so
what
are
some
of
the
challenges
ingemar?
With
regard
to
the
revenue
itself,
I
wanted
to
touch
on
that
because
rev
reputation
so
integral
to
this,
and
I
wanted
to
better
understand
the
future
of
dxdow
in
terms
of
being
viable
and
having
some
sort
of
sustainability
because
of
the
revenue.
So
beyond
the
fees
what's
possible,
what
do
you?
What
do
you
envisage
envision.
A
Yeah
and
that's
really
important
for
the
confidence
of
and
I'll
use,
your
term
in
the
literature
as
investor
you
know,
and
that's
a
risky
term,
but
it
was
there
because,
quite
simply,
we
want
to
see
that
transparency
and
I
did
notice
in
the
down
talk
there
is
that
budgeting
inserted
in
there.
So
I
liked
that
you
could
go
in
as
someone
who's
participating
and
learn
a
lot
of
this
stuff,
but
clearly,
there's
also
risks
for
bad
proposals,
as
we've
talked
about
before
built
in
sort
of.
So
what
are
you
doing
to
cater?
A
A
When
I
was
doing
some
of
the
reading,
there
was
references
to
just
proposals
more
generally
and
then
there
was
there
was
a
reference
point
to
a
bad
proposal
that
can
actually
be
had.
So
you
know,
with
regard
to
submissions
regard,
to
working
through
the
system.
Sometimes
you
get
a
scenario
where
there
can
be
a
bad
proposal
forward.
So
you
know
in
that
sense,
what's
done
what
what
sort
of
mechanisms
being
put
in
place
to
monitor
to
make
sure
the
proposals
are
all
clean.
B
One
of
the
ways
we
sort
of
draft
our
proposals
like
to
the
community
like
we
use
dow
talk,
which
is
a
forum
and
like
if
I
have
an
idea
that
I
might
want
some
opinions
on
you
know
I
make
a
dow
talk
thread.
So
it's
you
know
it's
not
on
chain
and
it
allows
me
to
collect
feedback
from
other
people.
You
know
like
if
this
proposal
gets.
You
know
a
few
likes
and
you
know
some
adjustments.
B
A
It's
more
just
the
illusion
of
not
ending
up
like
you
know
this
crazy,
reddit
scenario
where
sometimes
you
just
see
you
know
just
an
excess
of
sort
of
time
wasting
proposals
and
I've
noticed
that
there
is
that
very
clean
submission.
So
it's
just
interesting
how
you
did
that
now,
john,
I
wanted
to
ask
you:
you're
gonna
have
to
roll
your
sleeves
up
for
this
one
and
that's
all
about
the
token
we're
gonna
dig
deep
on
this
now.
What
essentially
is
the
purpose
of
this?
A
A
C
Yeah,
I
mean
it's:
actually,
it's
pretty
simply
really
tied
to
revenue
from
the
dx
now
and
that's
the
promise
of
the
vx
now
and
so,
like
funding
comes
in
to
the
curve
and
that
can
be
used
by
dxnow
to
develop
products
and
revenue
goes
through
the
curve,
some
of
which
supports
the
sell
price.
So
it
doesn't
directly
distribute
dividends
to
the
token
holders
and
it
goes
into
this
buyback
reserve
which
supports
the
software.
C
So
it's
more
of
a
mint
and
burn
continuous
token
model,
and
I
know,
there's
been,
I
think,
some
confusion
in
the
community
about
that.
There's
actually
been
some
iteration
on
the
wording
in
the
community
on
how
to
clearly
kind
of
convey
how
this
works
and
because
the
firmament
system
is
actually
has
some
complexities
and
and
is
pretty
powerful.
When
you
look
at
it
but
yeah,
essentially,
it's
a
mint
to
burn
continuous
token
model.
C
You
can
buy
on
the
curve
that
funding
goes
to
dow
dao
uses
it
to
build
stuff
sends
revenue
through
the
curve.
A
portion
of
that
revenue,
which
is
configurable,
goes
into
the
buyback
reserve
and
that's
what
dxd
is
today.
I
mean
there
has
been
a
lot
of
talk
in
the
dsm
community
about
other
things
that
txt
could
be
used,
for.
This
could
range
from
you
know
being
used
in
the
governance
itself
to
providing
some
kind
of
membership.
A
Because
that's
exactly
where
I
wanted
to
go
with
this
with
both
of
you
in
that
it,
when
I
was
reading
through,
I
immediately
thought.
Perhaps
there
needs
to
be
a
lot
more
robustness
with
regard
to
this
token,
because
obviously
the
key
conversation
still
to
this
day
is
dividend.
You
know
it's,
you
know,
there's
revenue
so
moving
away.
Just
from
you
know
the
wall
street
element
of
this
and
building
this
out,
so
you
know,
is
there
a
plan
in
any
way
to
start
to
explore
this
more
than
just
the
conversation.
A
C
A
B
C
Idea
being
discussed
with
dxd
is,
you
know
somehow
tying
txt
and
the
reputation,
which
is
the
voting
power
of
the
doubts
together
in
some
way
or
giving
people
who
hold
dxd
some
kind
of
voting
power
themselves
or
right
to
earn
reputation.
This
is
something
that's
come
up
a
few
times
and
I
could
see
you
know
potentially
evolving
into
something.
A
It's
interesting
that
you're
so
open
about
the
experimentation,
but
the
the
reality
is.
This
is
the
way
with
almost
all
startups
and
you
don't
simply
just
have
everything
planned.
You
know
from
the
beginning.
You
may
get
some
criticism
and
that's
fair,
for
you
know
the
evolution
of
the
development,
but
that's
just
the
nature
of
these
startups.
A
C
You
know,
I
think,
there's
clearly
like
you
know
a
lot
of
interest
and
attention
around
the
existing
products
and
product
efforts,
so
those
kind
of
carry
their
own
momentum.
But,
in
terms
of
you
know,
what
does
the
budget
get
spent
on
now?
What
rate
is
it
getting
spent
on?
These
are
all
kind
of
like
emerging
consensus
topics,
essentially
right
that
we're.
D
A
A
I'm
not
going
to
ask
you
to
do
that,
but
I
do
want
to
understand
more
about
the
relationship
between
the
bonding
curve
with
regard
to
the
value
of
this
token,
because
that
really
is
important
for
the
future
growth
of
this
token,
and
I
want
to
better
understand
also
how
that
reflects
the
growth
of
dx
down
more
more
generally
as
a
group
of
decentralized
parties.
You
know
we
want
to
see
this
dxdow
be
a
real
proven
point
of
value.
B
Right
yeah,
so
you
know:
we've
we've
got
a
handful
of
products
in
the
in
the
pipeline.
You
know
we're
moving
at
our
at
our
own
pace
and
you
know:
we've
we've
got
a
great
community
that
you
know.
That
is
very,
you
know
curious
and
they
offer
you
know
great
feedback,
and
you
know
we
try
to
listen
to
to
you
know
all
of
it.
C
Being
governance-
and
so
I
think
dmm
is
a
great
example
of
this
another
project
that
is
trying
to
operate
in
the
deep
flight
space
like
recognizing
this
power
from
the
dxdown,
and
so
they
granted
tx
dow
one
percent
of
their
tokens
yeah.
Well,
so
it
starts
at
one
percent
and
it
goes
up
to
two
percent
based
on
like
how
successful
the
sale
went
and
it
seems.
A
So,
essentially,
yeah
right,
so
essentially
you
provided
a
service
really
do
you
anticipate.
This
could
be
one
of
many
in
the
future
if
it
did
well
and
it
was
successful
with
dmm.
Obviously,
not
only
is
it
for
for
children
for
you
or
is
it
financially
valuable
for
you,
but
could
this
be
just
the
beginning
of
many
to
come.
C
B
Yeah,
I
I
I
agree
too.
I
think
this
is
a.
This
is
a
great
experiment,
and
you
know
if
you're
a
company
hoping
to
decentralize
your
your
your
product,
you
you
would
at
least
want
you
know
some
of
the
the
ownership
to
be
with.
You
know,
experienced
groups
of
people,
so
it's
not
like
there
are
hundreds
of
token
holders
around
the
world
who
have
never
met
each
other
and
don't
necessarily
like
understand.
Like
on-chain
governance
like
running
your
product,
you
wouldn't
want
some
of
it.
B
C
We're
trying
to
help-
and
don't
quote
me
on
this,
but
I
believe
dmm
has
forked
their
governance
system
from
compounds.
So
essentially
the
task
like
ahead
for
dx
now
is
to
integrate
with
this
dmm
governance
system.
But
if
I
understand
this
correctly,
that
you
know
that
integration
would
essentially
be
the
same
as
as
one
with
compound
right.
So,
like
you
know,.
C
To
see
all
these
discussions-
and
you
know
things
happening
around
compound
and
its
governance
and
kind
of
thinking
that,
like
dx
now
is
doing-
is
actively
like
kind
of
setting
itself
up
to
participate
in
a
similar
system.
So
it'd
be
interesting
to
see
if,
like
maybe
dxdow
itself
becomes
a.
You
know,
a
compound
politician
like
a
dao
as
like
one
of
these
kind
of
voting
members.
A
Others
delegate
their
votes
to
it,
yeah
exactly
especially
now
john,
given
the
the
height
that
com
compound
sort
of
led
out,
and
then
we
saw
the
emergence,
obviously
of
dmg
and
dmm.
Now
one
of
the
things
I
did
want
to
touch
on
without
going
into
any
of
the
other
details
of
dmg
and
what's
happening,
there
is
just
simply
the
vetting
now
it
would
be
sort
of.
I
would
imagine
unusual
for
a
vetting
process
for
a
dow,
but
also
on
the
other
side
of
it
is
risking.
You
know
your
own
credibility.
A
C
A
Gotta-
and
I
like
hearing
that
there
wasn't
it
wasn't
just
a
compli,
a
complete
consensus
in
terms
of
everyone
was
agreeing
that's
more
of
a
sign
of
trust,
perhaps
because
people
do
get
heard
if
they
do
also
reject
the
suggestion.
Now.
One
of
the
things
I
also
wanted
to
ask
was
about
investors
ingomar.
You,
you
referenced
this
before
mentioning
that
you
know
you
didn't,
have
traditional
investors
backing
dxdow.
A
B
Yeah,
so
I
I
guess
for
the
for
the
dxdow,
it
was
a
collaboration
between
two
development
teams
that
were
just
contracted,
and
you
know
we
we
utilized
fairman's,
fundraising
contracts
and
you
know,
created
an
interface.
You
know
for
anyone
who
wanted
to
partake-
and
you
know
see
what
we
were,
what
we
were
about.
We
had
no
really
no
strategy
with
like
marketing
or
anything
like
that,
and
we,
we
said,
really
really
extremely
humble
goals.
B
As
the
you
know,
the
bonding
curve
had
you
know,
a
250
ether
threshold,
which
you
know
was
what
we
kind
of
like
socially
considered
would
be
like.
This
is
the
point
we
want
to
hit
so
that
we
can
really
get
products
developed
and
running
like
this
is
the
point
where
we
can
take
this
really
seriously.
So
we
just
didn't,
we
didn't
really
know
what
would
happen,
and
you
know
fortune
was
on
our
side.
A
B
C
Yeah,
it's
a
feature
of
this
open,
raise
fundraising,
adapt.
Basically
that
uses
fair
bank
contracts
where,
during
this,
like
kickstarter
period,
investors
capital
isn't
actually
committed,
they
can
actually
pull
it
out
and
get
their
full
investment.
You
send
the
dxt
back
and
get
their
capital
after
the
threshold
is
met,
and
then
the
capital
actually
gets
sent
to
the.
A
A
C
Yeah-
and
I
think
a
key
piece
of
this
is
there
is
a
separation
of
you
know.
Reputation
is
the
voting
power.
Dxd
is
kind
of
the
financial
aspect
of
the
dx
tao
and
reputation
is
earned
right
so
that,
like
to
get
reputation,
you
have
to
be
an
active
participant.
You
have
to
actually
do
something
of
value
for
dx
now
so
kind
of
control
of
dxo
is
not
something
that's
like
easily
purchased,
and
I
think
that
lends
itself
to
like
really
committed
stakeholders
who.
A
A
And
john
just
saying
that
it
was
a
big
deal
when
we
look
at
the
history
of
sort
of
the
evolution
of
crypto,
I
myself
even
was
involved
in
some
of
those
icos
and
who
made
those
investments.
Those
spec
bets
won
the
white
papers,
but
it
was
a
tough
call.
Sometimes
back
then
now
you
know
it's
a
very
different
story.
Now
we're
trying
to
move
away
from
the
vc
sort
of
approach
where
it
was
early
entry
early
benefactor.
You
know
those
who
were
capitalizing
on.
A
You
know
states
that
they
could
get
and
whereas
retailers
perhaps
didn't
get
the
same
in
a
fortune
now
it's
really
about
enfranchising
a
whole
open
sort
of
approach,
and
I
think
that
is
something
that's
very
attractive
to
people
right
around
the
world,
because
we've
been
screaming
for
fairer
access
and
fairer,
starts
and
really
dow's
about.
Providing
that
I
would
imagine
so.
Another
question
is
about
access
itself:
how
how
can
people
join
into
the
dow,
because
there's
references
of
different
ways?
You
can
do
that.
B
Yeah
well,
our
our
home
page
is
dxdow.eth.link.
We
have
a
telegram
group.
We
have
a
key
base
group,
you
know
it's
a
whole
funnel
really
so
telegram
is
where
most
people
end
up
key
base
is
where
we
we
tend
to
have.
You
know
deeper
discussions
on
on
topics
such
as
like
each
product,
our
business
development.
B
A
Yeah,
right
and
I'll
put
them
below
as
well
to
make
sure
that
people
can
go
and
access
it
readily,
but
I
also
just
wanted
to
touch
on
on
more
specifically
the
options
people
have
in
terms
of
real
participation,
not
just
those
social
media
links.
So,
for
example,
they
can
create
a
proposal
like
you
said,
but
they
can
also
join
chat
communities.
They
can
also
there's
developer
chat,
so
people
can
get
really
deeply
involved
and
actually
start
to
to
literally
build.
So
that's
where
I
was
really
wanting
to
take.
A
C
On
you
know,
I
think
a
lot
of
making
that
process
easy
is
still
being
worked
out.
So
if
you
are
interested,
I
totally
encourage
you
to
go
get
involved,
but
also
be
you
know,
patient
with
the
fact
that
you
know
some
people
have
been
overwhelmed
by
all
the
activity,
and
you
know
a
lot
of
the
kind
of
onboarding
process
of
the
excel.
Maybe
isn't
mature
yet,
but
people
are
totally
interested
in
having
new.
A
For
sure
now,
gentlemen,
with
regard
to
liquidity
and
exchanges,
you're
not
on
a
lot
right
now,
certainly
the
road
map.
Would
you
know
we
would
we
would
speculate
and
say,
there's
a
lot
more
ahead,
whether
you
like
it
or
not,
because
you
don't
really
have
control
of
some
of
the
exchanges
listing
you
anyway,
but
you
are
on
idecs
and
you
are
on
loopering
now.
C
Yeah,
I
don't
think
the
dx
dao
doesn't
take
like
I
mean
at
least
what
I've
seen
dsi
wasn't
like
actively
trying
to
do
anything
with
exchanges
like
it
was
actually
pretty
neat
to
see
how
right
after
the
kickstarter
period
locked
in
it
was
only
a
matter
of
hours
before
some,
you
know
somebody
who
had
dxc
formed
a
uniswap
pool
and
it
was
actually
getting
traded.
You
know
this.
C
B
A
Know
right
and
that's
the
kind
of
thing
we
want
to
hear
actually
from
a
dow
is
that
it's
completely
removed
from
the
equation
and
the
community
are
leading
this
out
because
dex
is
aligned
with
doubts.
So
I
guess
we
can
speculate
all
of
us
together
because
we
don't
know
it's
likely
that
more
community
initiatives
will
happen
because
they
utilize
their
network
too.
It's
a
savvy
community
that
you
do
have
so
you
know
we
can
only
anticipate
perhaps
more
with
regard
to
the
future,
but
with
regard
to
liquidity,
you
know.
B
A
Yeah,
I
would
agree
now
what
a
what's
coming.
Gentlemen,
I'm
just
looking
through
again
the
social
media
channel
that
you
have
the
twitter,
for
example,
bizdev,
what's
happening
there
version
twos,
there's
a
lot
of
illusions:
you're
making
about
some
developments
there,
especially
with
mesa
and
then
another
interesting
thing
came
up
as
well.
There's
a
marketing
strategy
that
you
do
have
so
a
lot
a
lot
of
things
happening
for
you
right
now.
You
want
to
just
touch
on
them.
B
Yeah,
I
think
a
lot
of
it
is-
has
been
organic.
We've
gotten
a
lot
of
like
devoted
supporters
like
helping
us
with
content
strategy
with
you
know,
with
with
tweets
and
posts,
so
we're
we're
about
as
roots
as
it
as
it
gets
really
and
yeah.
I
would
look
out,
for
you
know
some.
Some
news
releases
in
the
in
in
the
near
future
come
on.
A
Appreciate
that
I
won't
push
that
now.
The
other
thing
john
I
wanted
to
touch
on
was
just
getting
more
assurance
from
you
that
you
fixed
the
bug
and
that
you
have
you
know
a
mechanism
in
place
or
you
have
a
team
in
place
or
you
have.
You
know
just
active
developers
that
are
addressing
bugs
as
they
come
in.
C
Yeah,
so
I
believe
the
bug
you're
referring
to
is
the
one
that
I
think
basically
delayed
the
launch
of
the
omen
prediction
market
platform,
and
it
had
to
do
you
know
from
my
understanding
of
what
it
had
to
do
with
time
zones
not
being
properly
handled
through
the
ui
which
can
actually
result
in
invalid
prediction.
Markets
versus
bad,
because
if
people
don't
know
that
it's
invalid,
you
know
they
can
lose
money
basically
and
the
team
omen
front.
C
End
has
been
being
developed
by
protofire
team
and
you
know
paid
for
in
part
by
grant
and
also
with
collaboration
from
bx
now
members
and
from
what
I
understand
they're
actively
working
on
it,
and
so
hopefully
that
bug
will
be
fixed
soon.
I'm
sure
we'll
have
some
testing
period
with
the
community
and
then
hopefully
we'll
see
an
omen
launch
before
very
long.
A
A
C
D
C
B
Absolutely
I
think,
with
with
with
d5
money
market,
I
think
there
are
a
lot
of
parameters
you
know
within
their
like
complex,
smart
contract
architecture
that
that
can
be
governed
so
yeah.
I
think
it'll
be
interesting
to
see
like
what
the
first
you
know
uses
of
of
that
governance.
Token,
that
you
know
we
do
as
a
collective
on
a
portion
of
you
know
how
that
will
be
utilized.
So
you.
A
Totally
agree-
and
I
also
want
to
let
the
community
know
I
did
go
through
and
have
a
look
at
some
of
their
their
questions.
You
know
in
some
of
those
public
forums
as
well,
but
much
of
it
has
been
answered
by
you
today,
things
like
private
sale
questions,
I'm
just
looking
at
registration.
I
could
ask
you
that
one
we
talked
about
liquidity
competitors
was
the
other,
so
let's
just
touch
on
two
now
with
regard
to
registration,
you
know,
because
it's
a
dow
is
it
correct
in
saying
there
is
no
actual
registration
location.
B
B
A
D
D
C
C
C
A
Super
exciting
times,
and
also
given
that
you
know
it
aligns
so
well
with
that
cypherpunk
movement,
I'm
sure
that
there's
going
to
be
a
lot
more
discussion,
a
lot
more
interesting
in
this
in
the
future,
especially
now
that
we
see
it's
far
beyond.
You
know
that
initial
narrative
of
just
the
upstarts
just
the
white
papers
now
just
finally
on
the
quick
community
questions
is
the
competitors.
Are
there
any
that
you're
concerned
about
right
now,
or
do
you
even
regard
it
as
a
competitive
space
when
we're
still
so
early.
B
I
think
it
is
early.
The
dow
space
is
so
small,
so
the
idea
of
competition
is
not.
I
guess
it's
not
too
relevant
or
doesn't
come
up
too
much
really.
You
know
we.
We
do
talk
with
members
from
other
dows
and
you
know
we
try
to
have
like
conversations
with
them.
Let
them
know
we
exist
and
we're
we're
all
kind
of
pushing
this
like
decentralized
governance
movement
forward,
and
I
think
it's
still
small
within
defy.
I
would,
I
would
argue,
governances,
so
we
don't.
A
Now
I
totally
would
agree
now,
gentlemen,
to
finish
off
the
interview.
Firstly,
thank
you
to
both
of
you
for
this
very
detailed
and
long
lengthy
interview,
but
what's
the
the
excel
dream,
john,
we
might
start
with
you
if
you
want
to
just
you
know,
touch
on
your
your
view
of
the
future.
What
you
really
are
looking
forward
to
with
regard
to
you
know
what
can
be
done.
C
Yeah
I
mean
my
take
on
that
would
be
twofold.
One
would
be
kind
of
making
progress
on
decentralizing
d5
so
that
the
kind
of
the
standard
of
you
know
d5
is
not
just
a
meme
that
is
kind
of
being
misapplied
to
centralized
unchain
entities,
but
truly,
like
everything,
is
end
to
end
as
decentralized
as
we
can
make
it
that
txt
is
pushing
that
forward,
and
then
I
think
the
other
thing
is
pushing
innovation
in
this,
like
doubt,
movement
and
to
touch
on
the
competition
question
too.
My
sense.
A
A
C
B
Yeah,
I
would
love
to
see
like
like
non-crypto
organizations
like
using
dows,
and
I
think
exactly.
I
think
that
people
are
are
more
capable
of
you
know,
working
autonomously
than
they
think
they
are
not.
Everyone
needs
bosses
or
ceos.
I
think
that
if
there
are
groups
of
people
behind
an
idea
that
the
idea
itself
would
propel
them-
and
you
know
like.
A
Guide
them
what's
so
exciting
is
you're
really
proposing
something
that
challenges
you
know,
perceptions
of
the
human
condition,
the
capacity
for
us
to
just
all
organize
ourselves
autonomously,
and,
as
I
said
before,
you
know
back
in
the
beginnings
of
dao
stack
days,
people
thought
we
were
a
little
bit
crazy.
I
think,
but
now
the
proof
is
in
the
fact
that
these
are
you
guys
are
organizing
something
really
exciting
and
already
the
traction
is
there.
So,
gentlemen,
on
behalf
of
all
of
us,
thank
you
for
educating
us
today.
Thank
you
for
also
showing
your
faces.
A
You
know
so
that
we
have
a
sense
of
of
some
of
the
people
involved
in
this
very
decentralized
effort
and
ambition.
It's
it's
very,
very
ambitious,
yes
and
his
scope
is
significant
and
you're
just
starting,
but
I
wish
you
all
the
very
best,
as
you
continue
so
to
both
john
and
ingemar.
Thank
you
for
your
time.
If
you'd
like
to
know
more,
don't
forget
the
links
will
be
in
the
description
below,
and
certainly
you
can
contact
both
gentlemen
they're
both
available.