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Description
➤ We sit down with EOS 21 Block Producer, EOS New York member, Kevin Rose to discuss the issues with EOS governance, how to fix it, and what's next for EOS in 2019
Host: Fred Schebesta ➤ LinkedIn https://www.linkedin.com/in/fredschebesta/ | Twitter https://twitter.com/Schebesta
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A
A
Background
really
important:
there
are
21
plot
producers
in
New,
York,
yes,
New
York
is
one
of
the
coveted
yes
block
producers
through
consensus
and
obviously
all
the
votes.
We're
gonna
talk
about
that.
The
u.s.
governance
right
now
you've
put
some
incredible
models
and
proposals
together,
and
can
you
tell
us
just
I
with,
but
how
tells
the
story
of
New
York
and
how
it
came
to
be
yeah.
B
I
was
looking
into
it
in
2017
and
I
came
across
the
the
eos
AIA
white
paper,
and
it
was
the
first
time
I
got
excited
because
I
I
have
a
background
of
marketing
communications
and
user
experience,
design
and
things
like
that
and
I
thought.
This
is
something
that
we
could
use
potentially,
and
there
was
something
that
stuck
out
at
to
me
in
the
paper
which
was
there
would
be
this
block
producer,
the
validator
the
network,
and
they
would
need
a
campaign
now
being
a
marketing
communications.
B
Professional
I
I
understood
the
scope
of
what
that
challenge
would
entail,
having
to
communicate
to
an
unknown
body
around
the
world
and
multiple
languages
and
having
no
feedback
from
them,
except
for
the
votes
that
cast
on
Shane,
and
so
we
waited
months
and
months
and
months
like
where
are
these
block
producers?
And
finally,
my
co-founder
and
I
said:
let's
sort
of
be
the
change
you
want
to
see
in
the
world.
B
Let's
do
it,
and
so
he
was
on
a
phone
call
in
the
recovery
room
after
my
was
born
that
he
and
I
decided
to
do
this.
To
do
us,
New,
York
and-
and
here
we
are-
we
are
one
of
maybe
two
block
producers
that
have
had
uninterrupted
block
production
in
the
top
21
since
launch
and
we're
very
proud
of
that.
It's.
A
Incredible
absolutely
love
it
I
love,
it
still
funded.
You
know,
I,
guess,
being
an
entrepreneur
as
well.
I
know
the
challenge
of
the
struggle
and
so
much
respect
given
to
you
and
your
co-founder.
Thank
you.
Massively
block
reduces
obviously
sort
of
cooperatives
of
companies
and
they
campaign
for
votes
that
are
tallied
every
60
seconds.
So
you
know
you're
constantly
trying
to
ensure
that
your
we.
B
A
Vote
equals
a
sir
one
else
equals
one
vote.
You
can
vote,
but
you
cannot
vote
for
thirty
different
producers
correct,
so
it's
kind
of
thirty
votes
in
some
way
you
could
potentially
with
that
now
some
people
are
saying
that,
because
block
which
is
receive
rewards
in
EOS
that
their
voting
power
is
continuously
growing.
Is
this
this
this
this?
That
even
saying
petition
is
unfair?
You
know:
can
you
sort
of
comment
on
that
and
set
that
straight?
You.
B
Know
it's.
It
certainly
looks
like
that
when
you
think
of
how
that
would
work,
but
when
you
actually
look
at
the
numbers,
it's
not
like
that
at
all.
So
being
speaking
for
us,
New
York,
myself
being
a
self
funded
block
producer,
we
need
to
fund
operations.
This
is
how
we
fund
operations
through
through
our
block
rewards.
B
So
it's
also
when
you
look
at
the
total
amount
of
votes
that
are
to
the
top
twenty
one
versus
the
amount
of
tokens
at
the
the
top
block
producer
actually
makes
so
right
now
the
top
block
producer
has
about
a
hundred
and
twelve
million
euros
staked
to
them
as
a
vote,
and
so
far
they
have
made
less
than
two
hundred
thousand
yes
as
a
result
of
their
position.
So
in
the
scheme
of
things,
their
personal
stake
as
a
result
of
their
block
production
activities
is
negligible
compared
to
the
total
amounts
of
votes.
B
There
are
two:
there
are
two
ways
that
it's
earned:
there's
a
vote,
pay
and
block
pay,
so
vote
pay
is
75%
of
all
the
funds
that
you
make,
and
that
is
just
a
result
of
the
distribution
of
votes
and
then
block
pay
only
goes
to
the
top
21,
which
is
which
is
a
buffer.
That
is
very
helpful
in
funding
operations.
It
allows
us
to
expand.
It
allows
us
to
increase
the
value
that
we
bring
to
the
network
and
therefore
continue
to
campaign,
and
you
know,
and
so
on
and
so
forth.
So.
A
B
Block
producer
or
standby
block
producer,
the
purpose
is
that
all
of
them
have
a
production
ready
infrastructure.
So
it's
meant
to
be
like
this
is
a
decentralized
application
platform,
and
so
we
are
serving
end
users
of
depths
and
we
need
to
provide
consistent
user
experience
so
uninterrupted
service.
So
if
something
were
to
happen
to
a
top-20
and
block
producer
or
the
voting
changes
all
of
those
standbys
are
they
need
to
have
redundant
setups.
So
it's
just
seamless
and.
A
A
B
B
B
You
can't
get
those
things
through
exchanges,
so
if
you're,
if
you're
looking
to
trade,
the
token
or
you're,
just
holding
it
as
some
kind
of
bearer
instrument
or
anything
like
that,
you
know,
maybe
the
exchange
is
fine
for
you,
but
as
the
the
value
of
the
decentralized
applications
increases,
people
are
gonna
find
that
they
may.
They
may
want
to
use
one
of
these
gaps
that
are
built
and
they
will
not
be
able
to
exist
unchanged
so
exchanges.
So
I'm
I'm
hoping
that
we
see
tokens
flow
to
private
wallets
where
we're
actually
using
this.
B
B
We
are
one
of
them
and
we
are
responsible
for
ourselves.
We
we
look
at
that
and
say
you
know
we're
we're
we're
not
here
to
evaluate
this
evidence
and
we
are
going
to
do
what
we
think
we
need
to
do
to
be
a
good
block
producer,
a
good
provider,
a
good
steward
in
the
network.
So
it's
that's!
That's
what
we
do.
That's
awesome.
A
B
To
this
mismanaged
expectations
right,
so,
let's
take.
Let's
take
a
random
example.
There
was
vote-buying
headlines.
First
of
all,
you
know
everybody
get
your
tin,
tin,
foil
hat,
put
that
on
for
a
second,
the
crypto
media
loves
to
criticize
yes,
so
the
vote-buying
allegations
that
came
out
which
weren't
allegations
its
you
know
exactly
what
was
happening,
but
it
was
the
expectation
that
was
set
at
launch
that
that
was
not
allowed.
That
caused
the
the
dramatic
reaction.
A
B
Are
no
headlines
about
how
that
is
bad,
although
there
are
there
are
you
know
if
you
look
at
Liske
and
you
look
at
arc
and
you
look
at
the
cartelization
of
validators
and
the
way
that
they
pool
resources
and
have
these
voter
kickbacks
and
create
those
systems.
It
doesn't
seem
to
really
work
out.
Well,
every
this
isn't
something
that
US
New
York
participates
in,
but
it
was
that
expectation
that
was
said
at
the
beginning.
B
That
made
it
such
a
negative
headline
leaders
and
it
was
the
it
was
all
these
layers
of
governance
that
we
put
on
top
of
what
the
governance
actually
is
at
a
protocol
level
in
it.
Yes,
so
what
do
I
mean
by
that
governance?
In
its
it's,
like
Hot,
Topic,
now
you're
watching
a
prominent
aetherium
commentators
developers
talk
about
it.
It
is
just
a
method
to
make
decisions.
It's
a
mechanism
to
make
decisions
for
a
group
and
at
the
basic
level
in
Bitcoin
that
is
proof-of-work.
That's
how
you're
making
decisions
on
the
protocol
right.
B
The
issue
there
is
that
the
stakeholder,
the
Bitcoin
holder,
is
not
necessarily
the
same
as
the
network
validator.
The
actual
decision-maker
for
the
protocol,
in
fact
one
isn't
really
accountable
to
the
other
in
any
direct
sense.
So
in
delegate
a
proof
of
state,
you
have
this
unification
of
both
the
stakeholder
and
their
the
the
network
validator
the
block
producer.
They
can
directly
influence
the
actual
rankings
that
you
see.
The
top
21
are
the
minute
snapshot
that
expresses
the
explicit
direct
will
of
the
token
holders
and
period
that
is
enforced
by
the
software.
B
There's
no
question
about
it.
Now
you
might
disagree
with
the
result
of
that
system.
You
might
say
I,
don't
like
that
block
producer
or
I
like
that
one
and
I
and
I
like
that
one,
but
this
they're
not
high
enough,
but
that
is
in
effect
the
basic
system
of
governance
that
use
is
operating
on
delegated
proof
of
stake.
The
problem
is
that
we
try
to
layer
additional
things
on
top
of
that
and
treat
it
as
if
they
were
protocol,
enforced
way
to
the
governance
and
I'm
speaking
specifically
about
dispute
resolution.
We
heard
about
freezing
accounts.
B
We
heard
about
all
these
things
that
we
tried
to
do
that.
Frankly,
nobody
was
was
really
prepared
to
do
us.
New
York
was
there
when
it
happened.
We
were
on
the
the
the
the
calls
where
this
was
discussed
and
we
have
since
grown
to
understand
that
these
additional
layers
can
affect
pockets
of
Leo's
token
holders
where
they
prefer
to
opt
into
that
sort
of
thing
where
a
solution
is
built
for
them
via
the
very
robust
features,
the
EO
software,
but
otherwise
the
protocol
layer
is
delegate
a
proof
of
stake.
B
If
we
want
to
change
that,
we
need
to
change
the
where
what
private
keys
are
in
the
system
contracts
and
how
blocks
are
validated
by
the
block,
producers,
etc.
That's
so
it's
mismanagement
of
expectations,
the
trying
to
layer
on
additional
layers
of
governance
next
to
what
is
essentially
the
protocol
governance
which
just
fine
that
has
led
us
here
to
this
day.
So
that's
what
we're
trying
to
work
toward
now.
It's
better
manage
expectations
so
that
we
can
iterate
in
evolve
the
platform
moving
forward.
That's.
A
B
B
Right
now,
I
would
say
that
a
calf
is
not
working
and
most
notably
it
would.
What?
What
signals
that
to
me
is
that
a
calf
requested
that
private
keys
of
an
individual
account
be
changed
and
the
block
producer
said
no,
and
that
happened
on
Christmas
Day
that
that
proposal
it
expired
on
Christmas
Day.
Rather,
the
proposal
was
on
chain.
It
can
be
viewed
it
could.
It
could
have
been
viewed
when
it
was
proposed,
but
what's
happening
is
the
the
block.
B
Producers
are
understanding,
or
at
least
that
the
current
set
that
there
is
a
difference
between
the
protocol
layer
and
these
additional
layers
that
were
tried
and
tested,
and
they
were
found
wanting.
Unfortunately,
the
the
resources
that
were
committed
to
developing
them
were
not
sufficient
to
build
a
scalable
solution
that
could
survive
contact
with
the
blockchain
community.
A
B
So
the
way
that
it
works
is
a
a
block
producer
and
it
could
be
even
someone
outside
of
the
top
21
makes
a
proposal.
Anybody
can
propose
anything
at
any
time.
If
you
know
the
specific
commands
you
need
to
do,
and
then
the
there
is
a
kind
of
a
super
accounts
at
us
I/o
and
the
privileges
of
that
account
can't
be
accessed,
except
when
15
out
of
21
block
producers
try
to
access
it.
Essentially,
so
you
need
to
have
a
super
majority
of
the
network.
Validators,
two-thirds
plus
one,
because.
A
A
We've
got
a
website.
Obviously
we've
looked
at
that
as
well,
but
just
wouldn't
go
back
so
some
use
manager
expectations.
Let's
talk
now
about
your
proposal,
because
this
is
really
cool
and
can
you
walk
us
through
you've
got
a
new
proposed
User
Agreement,
and
can
you
sort
of
walk
us
through
the
solution
that
you
see
for
the
governance
of
yes,.
B
Sure,
and
actually
I
just
had
a
very
I
would
say
fun.
It
was
a
fun
conference
call
this
morning
with
interested
stakeholders
in
Chinese
use
community
facilitated
by
the
u.s.
Alliance,
where
we
got
on
and
discussed
this
this
proposal,
which
was
an
honor
for
me,
to
to
explain
him.
So,
first
of
all,
it's
called
the
you
might
have
heard
about
the
US
Constitution
right.
B
A
I,
just
wanna
give
a
background.
Cuz
I
was
looking
with
Kevin
before
guys
and
just
a
level
of
extent
which
Kevin's
gone
to
you've
read
it's.
You
know
some
United
Nations
things
dispute
resolution
like
major
major
arbitration
document.
Can
you
give
me
two
a
background
of
where
some
of
these
ideas
are
come
from,
because
I
think
it's
really
important
to
understand
the
level
of
this
proposal
and
I
think
it's
very
important
that
it's
under
something
got
out
there.
B
Alright,
this
is,
and
the
whole
reason
for
arbitration
and
dispute
resolved
to
spear
resolution
is
it's
basically
because
court
systems
around
the
world
can't
handle
the
the
load
of
how
much
you
know
how
many
times
there
were
disagreements.
I
need
to
get
solved
alright.
So
the
there
was
a
legal
framework
created
to
empower
the
people
actually
a
party
to
the
disagreement
to
solve
it
because
who's
more
interested
in
solving
a
problem
except
the
people
that
that
are
having
the
problem
right.
B
So
it
led
me
down
that
path
and
and
sort
of
all
of
my
education
in
this
in
this
space
has
been
the
result
of
something
that
I
thought
wasn't
good
enough
and
how
we
deserved
more
and
and
that
it
was
also
my
job.
This
is
this
is
my
job.
This
is
what
I
am
paid
to
do
and
to
think
about
every
second
of
every
day.
Yes,
yeah.
A
And
I
think
that's
that
that
that
factor,
the
the
sheer
belief
of
Eos
are
protecting
it
for
token
holders
and
doing
what's
right
for
them.
I
think
I,
just
I'm
you
know
in
or,
and
and
and
just
so
much
respect
and
appreciation
of
you
doing
that
and
and
and
and
your
organization
and
I
could
imagine
the
countless
hours
and
deep
dives
that
you
are
putting
to
others
and
with
all
your
team
as
well.
So
so
I
just
wanted
to
to
highlight
that,
because
it's
really
important
I
think
everyone
understands
that.
A
B
It's
to
highlight
its
to
highlight
how
you
met
so
everybody
listening
may
have
heard.
Yose
is
positioned
as
a
govern
blockchain
and
based
on
my
definition
of
what
that
means.
Every
blockchain
is
a
governed
blockchain,
Brendan
bloomers
said
something
I
thought
very
smart.
The
other
day
was
that
block
chains
are
just
voting
machines,
they're,
just
consensus
machines,
there's
different
ways
to
arrive
in
a
decision.
That's
that's
all
governances
to
me.
B
B
B
A
month
ago,
less
than
a
month
ago
might
have
been
a
month
ago,
and
this
is
different
than
then
the
then
the
feedback
that
we
get,
which
is
rather
ambiguous,
which
is
just
votes
on
chain.
We
don't
know
why
votes
change
why
they
come
in.
Why
they
leave
whatever
we
don't
know,
excuse
me,
but
then
we
have
the
ability
to
now
ask
specific
questions
and,
for
example,
one
of
the
questions
has
to
do
with
taking
system
fees
that
are
gained
from
kind
of
some
other
stuff.
B
We
don't
need
to
go
into
that,
but
putting
that
back
out
into
circulating
supply
by
a
certain
mechanism.
That
is
a
question
that
is
currently
leading
like
it
has
20
million
tokens
voting?
Yes,
so
it's
great
to
see
there's
another
proposal
that
says:
delete
EKF,
it's
actually
it's
rather
poorly
written,
but
I
agree
with
the
intent
of
it
and
that
has
about
18
million
tokens
voted
at
it.
B
So
this
is
this:
is
real-time
liquid
democracy
on
specific
issues
and
then
watching
how
that
plays
out
with
block
producers
will
be
very
interesting
because
every
block
producer
is
now
gonna
have
their
own
personal
threshold
of
that's
enough
votes.
For
me
to
say,
I
will
do
that
vote
for
me
and
I
will
do
that.
25
million
votes
said
yes,
well,
I'm,
25
million
votes
away
from
being
in
a
producer
position.
Yes,.
A
B
A
This
is
khuda
Baksh
that
because
right
now,
just
you
know
a
lot
of
proposals
for
the
eos
blockchain.
We're
gonna
come
back
to
the
user
agreement
in
the
state,
but
I
think
just
to
clarify
that
cuz
I
think
everybody's
hands
in
there
a
lot
of
proposals
out
there,
but
what's
stopping
a
little
Bluff
produces
actioning
them
can
tell
us
the
dynamic
and
explain
this
because
I
think
it's
just
what.
B
So
it's
certainly
accountability
right.
It's
a-you
know
it's
what
I
said
earlier,
which
was
in
60
seconds.
You
could
job
and
it
could
be
for
any
reasoning
there
and
there.
There
are
large
token
holders
that
have
enough
to
move
the
top
21
it's
on
chain,
there's
no
denying
it
I,
don't
know
what
they
think,
what
they
believe
or.
What's
that
important
to
them,
except
I,
do
know
that
whatever
we've
done
thus
far
is
important,
so
we
will
keep
doing
that
right.
B
A
A
B
Sure
so
block
producers
are
essentially
funded
by
inflation
right,
1%
inflation
every
year
is
distributed
to
80
or
so
notes
and
that's
to
go
toward
infrastructure
and
then
anything
else
they
can
build.
We
build
a
lot
of
stuff
at
us,
New
York
and
a
lot
of
times.
We
come
up
with
ideas
in
working
with
block
producers
and
a
lot
of
times
block
producers
will
get
together
and
build
something
together.
Now,
if
you're,
if
you've
been
in
blockchain
for
a
while,
you
look
at
that,
you
go
I,
don't
want
these
guys
working
together
right.
B
This
is
this.
Is
this?
Is
some
collusion?
Mary,
behavior?
Okay,
I!
Don't
want
this
to
happen,
but
because
we're
funded
by
inflation
there
we
are
perfectly
positioned
to
build
that
which
cannot
be
monetized
open-source
software
products
that
we
do
not
need
to
worry
about
selling
or
turning
into
a
business.
The
business
is
that
we
provide
value
and
reinforce
our
our
campaign
platform
back
to
the
token
holders.
So
there's
there's
this-
that
we
are
the
perfect
position
entity
to
build
stuff
that
you
can't
sell
right.
It's
developer,
tooling,
it's
end-user
tools.
B
It's
it's
just
running
an
extra
API
notes,
heads
there
and
then
the
actual
mechanism
for
voting
is
one
token
30
votes
right.
So
if
you're
a
block
producer,
I'm,
gonna
block
producer
and
you
and
I
collaborate
on
a
project
and
someone
finds
value
in
it,
they
can
vote
for
both
of
us.
If
it
were
only
one
token,
one
block
producer,
I
can't
work
with
you.
Yes
right,
we
can't
collaborate.
I
got
to
go.
Do
my
own
thing,
because
in
the
in
what's
beautiful
about
the
current
system,
is
that
your
your
success
doesn't
mean
my
failure?
B
You
I
mean
if
you
go
through
the
the
social
feeds
of
block
producers,
you
will
see
them
celebrating
the
successes
of
other
block
producers.
Yes,
like
hey,
you
need
to
look
at
what
this
group
did.
It's
fantastic.
We
wrote
a
guide
yesterday
for
software,
that
to
other
block
producers
collaborated
on
and
we
wrote
the
guide
for
it
and
in
the
beginning
we
say
thank
you
to
these
guys
and
we
tag
them
because
without
them
this
wouldn't
be
possible
and
without
30
tokens
for
our
thirty
votes.
For
one
token,
that
dynamic
wouldn't
be
possible.
B
Block
producers
not
be
in
block
producers
should
not
be
involved
in
routinely
bypassing
download
permissions
checks
on
the
walk
chain,
which
would
mean
having
a
CAF
say:
I,
need
you
to
change
these
private
keys.
Don't
do
that
that
that
it
undermines
what
we're
trying
to
do
to
build
a
a
censorship,
resistant,
decentralized
application
platform.
B
It
creates
a
persistent
state
of
uncertainty
in
how
the
how
you
expect
the
Valladares
a
network
to
operate.
That
is
essentially
what
it
does,
and
it
does,
however,
explicitly
outline
block
producers
to
be
allowed
to
affect
accounts
for
which
they
share
permissions
with
so
multi
signature
arrangements
are
much
easier
to
create
on
us,
specifically
the.
B
If
you
want
to
look
this
up
anybody
watching
it's
the
eoseo
permissions
system,
you
can
create
a
private
key
that
can
be
limited
in
scope
to
a
single
function
or
action
right
and
and
and
that
that
is
a
very
powerful
thing
and
it
sort
of
dovetails
into
the
the
second
piece
that
we
wrote
right.
I,
don't
know
if
you
want
to
go
into
that.
B
I
do
so
on
aetherium
DAPs
are
immutable
value
default
and
that
it's
very
attractive.
There
are
certain
use
cases
for
the
dab
stone,
aetherium
on
us.
They
are
mutable
by
default
they
can
be
changed
and,
if
you're
a
software
developer,
that
would
make
perfect
sense
because
nobody
codes,
bug
free
software
and
the
eos
platform
is
updated.
Constantly
changes
are
made.
You
need
to
optimize
your
code
for
resource
consumption,
etc,
etcetera,
but
to
persist
in
a
state
of
mutability
isn't
good.
B
Do
everything
up
to
launch
you
launch,
and
then
you
have
this
this
these
periods,
where
you
start
to
relinquish
control
of
your
smart
contracts,
where
you,
you
raise
the
threshold
to
achieve
a
change
in
your
smart
contracts,
making
it
more
difficult
to
do
so
unilaterally,
especially
sensitive
smart
contracts
like
token
contracts
which
would
which
govern
the
the
actual
tokens
that
are
traded
for
things
like
many
of
the
gambling
gaps
that
have
dividend
tokens
on
on
Yost's.
So
it's
important
to
get
ahead
of
this.
B
It's
important
for
the
community
to
understand
that,
when
we're
talking
about
governance,
we
need
to
be
building
solutions
that
are
helpful,
not
debating
weird
political
theories.
It's
it's!
It's
looking
at
smart
contracts,
persisting
in
a
state
of
mute
immutability
on
iOS,
and
not
that
not
being
successful
that
not
being
acceptable,
because
we
cannot
expect
users
to
to
have
to
always
trust
a
developer
that
that's
not
what
we're
doing
here
we
are.
We
are
trying
to
eliminate
the
need
for
trust
and
moving
in
this
direction.
B
I'm,
so
you
might
roll
your
eyes
at
this,
but
I,
you
know
I
try
to
come
up
with
like
a
name
for
this
concept
and
it's
asymptotic
immutability
right.
So
it's
just
the
the
concept
of
it.
It
gets
closer
and
closer
and
closer
closer,
but
it
may
never
actually
touch
if
you
remember
high
school
math
class,
whichever
one
that
was
in
that's
where
it
where
I
got
the
name
from
but
and
this
isn't
to
set
anybody,
you
know
don't
be
alarmed
right
it's.
B
B
B
A
B
Block
one
has
been
a
great
partner
to
the
well
and
I
want
to
clarify
the
word
partner.
Actually,
they
have
been
available
for
feedback
and
are
always
available
for
feedback
on
what's
going
on
on
the
EOS
maenette
and
they
have
been
releasing
updates
to
the
software
on
a
weekly
basis
when
they're,
when
issues
arise,
they
are
available
to
discuss
and
consult
on
what
we
are
seeing,
the
the
it's
it's
a
very
symbiotic
relationship
and
and
and
I
think
that
that
has
been
great
now.
B
That
said,
what's
important
for
the
us
may
net
is
that
the
the
knowledge
of
the
ESI
of
software
needs
to
distribute
over
time
out
to
the
community
right
now,
it's
it's!
No!
It's
no
secret!
That
block
one
is
the
foremost
expert
on
the
software
that
they
themselves
built
duh
right,
but
you
have.
You
have
in
many
block
chains,
core
developer
groups.
B
A
B
B
A
B
The
the
the
money
that
they
raised-
there's
you
know
the
four
billion
I
don't
know
what
I
do
know
is
that
1
billion
of
it
has
been
delegated
out
to
VC
firms
around
the
world
to
build
on
yoson,
eoseo
and
drive
value
back
to
the
US
main
Emily.
I
know
that
and
Galaxy
digital,
for
example,
is
a
partner
right
here
in
the
city
and
I'll.
Give
you
an
exclusive
right
here.
B
Is
that
we're
very
happy
to
to
partner
with
them
on
some
events
that
we'll
be
throwing
in
New
York
City
to
activate
the
EOS
community
in
Manhattan
and
establish
met?
You
know:
New
York
City
as
a
pillar
of
development
and
a
hub
of
activity,
so
we're
very
excited
to
to
announce
that
soon,
total
exclusive
on
this
show
Wow.
B
A
Stuff
so
galaxy
digital
cos,
New
York,
throwing
the
events
down
get
in
and
out
thicker
than
that.
You
heard
it
first
here
guys
so
tells
yet,
with
so
block
one
they've
got
a
billion
a
vested
broaden
to
VCS
to
build
on
the
network,
but
day
to
day
you
know
the
block
reducers.
Would
you
say
they
run?
He
asked
that
iron
yeah.
B
Black
one
is
entirely
separate
from
the
EOS
main
net,
so
yo
SiO
is
the
open
source
software
product
that
block
one
built.
Yose
is
the
public
blockchain
that
is
exchanged
traded
under
the
eos
moniker
and
block
one
owns
100
million
tokens
because
we
used
the
snapshot
to
launch
the
network,
which
was
basically
the
the
token
balances
at
the
end
of
the
token
distribution
event
the
year
long.
So
industry
distribution
event,
but
they
have
no
formal
authority
over
the
way
that
Yost
runs
at
all.
A
B
Sure
so
we
are
a
a
block
producer
and
something
that's
important
to
understand
about
the
economics
of
being
a
block
producer
on
iOS
is
different
than
being
a
Bitcoin
miner
on
on
Bitcoin,
for
example,
right
so
on.
Bitcoin,
you
have
this
very
elegant
solution
of
a
two
week:
look
back
window
where
the
difficulty
to
mining
a
block
adjusts
based
on
the
aggregate
hash
power
network.
B
Essentially,
if
miners
drop
out
because
they
can't
compete
on
costs,
others
will
be
able
to
and
the
the
total
hash
power
required
to
solve
a
block
reduces
so
that
the
the
network
doesn't
halt
to
a
stop.
Yes
right.
There
is
no
such
mechanism
on
us,
our
the
levers
that
we
can
push
in
buttons.
We
can
push
a
PO
and
all
that
our
you
know
cutting
projects
and
cutting
staff.
B
That's,
unfortunately,
what
it
is
so
the
as
that
there
is
no
ability
for
the
EOS
block
producer,
do
hedge
its
risk
against
token
price
volatility,
and
therefore
we
must
do
fie
so
yo
Co
is
an
open-source
software
product
and
it's
very
we're
very
careful
about
which
block
chains
will
will
produce
on
right.
We
we
are
a
we're.
A
block
troops
are
on
warbly,
which
is
an
EO
co
base
chain
that
is
meant
for
thin
tech,
decentralized
applications
that
require
kyc
a
ml,
for
example.
So
we're
we're
involved,
that's
that's
baked
into
getting
an
account.
B
You
cannot
get
a
worldly
account
if
you
do
not
go
through
Kos
a
ml
process,
and
once
you
do
now,
FinTech
taps
can
just
come
in
and
go
well.
Every
user,
I
interact
with
I
know
will
be
compliant
with
my
regulatory
needs.
Alright.
So
that's
a
very
interesting
use
case.
So
we
see
that
as
complementary
to
the
US
may
net,
not
not
contradictory
or
competitive,
so
we
go
there
as
well
and-
and
you
know
that-
and
we
learn
and
we
bring
back
the
solutions
that
we
learn
to
the
u.s.
main
net
and
vice-versa.
It's.
A
Awesome
stuff,
okay,
so
let's
talk
a
little
bit
about
you
know:
what's
coming
up
next,
you
know
what
and
I
think
this
is
what's
really
important.
Is
the
governance
and
enter
the
movement
and
these
votes
of
blockages
with
these
proposals?
What's
gonna
draw
them
forward
and
Wendie
thing
is
gonna
happen,
I
think.
B
That
so
the
referendum
system,
which
is
like
I,
said
earlier
of
a
means
to
get
token
holder
sentiment
on
specific
issues
just
launched
and
that
will
encourage
block
producers
who
very
correctly
fear
taking
risks
into
taking
action
right.
It's
the
general
support,
because
I
think
one
of
the
issues
that
has
you
know
plagued
us
all
is
the
the
lack
of
in
certain
ways,
tangible
progress
on
these
issues.
They
persist
since
the
main
net
launch.
We
still
are.
We
have
the
same
arguments
about
EKF
in
the
u.s.
B
telegram
channels
and
I
think
everybody's
just
sick
of
it,
so
that
you
know
we
want
to
be
able
to
to
iterate
in
move
on
whichever
direction
that
is
so
2020
19
is
going
to
be
the
year
of
progress
in
Euro.
So
it's
going
to
be
the
year
we,
you
know,
we
don't
even
talk
about
really
this.
We
talk
a
lot
about
the
the
politics
of
us,
which
is
which
is
great
because
it
needs
to
be
known.
We
gotta
cut
through
the
BS.
It's
that
gets
printed
every
day,
because,
honestly,
you
have
the
people
writing
about.
B
I
have
no
idea
what
they're
talking
about
just
come
and
ask
one
of
the
twenty
one
block.
Reducers
they'll
be
happy
to
tell
you
what's
what's
going
on,
but
the
the
rise
of
the
decentralized
application
and
the
the
the
better
user
experiences
that
are
coming
down
the
pipe
yes
neos,
that's
what's
gonna
happen
in
2019
and
this
this
underlying
drama.
It
goes
away.
B
A
Thank
you
James.
Let's
talk
about
us,
New
York,
what's
coming
up
next
for
your
team,
you
know
and
I
think
what's
been
what's
interesting.
I
want
I
would
love
you
to
talk
about
some
of
the
projects
you're
working
on
sir
and
you've
got
some
gold
projects.
You've
got
some
hardware
wallet
projects
and
maybe
some
other
services.
The
blog
produces
my
offer
in
the
future.
Yeah.
B
Tell
me
about
that.
Yes,
so
we
our
view
is
that
you
know
user
experience.
Is
king
and
you'll
you'll
see
this
everywhere
that
these
these
decentralized
applications?
We
cannot
hope
that
people
will
use
them
simply
because
they
are
decentralized.
They
need
to
be
as
easy
or
easier
than
their
centralized
equivalent
if
an
equivalent
exists.
B
So
this
idea
of
a
the
expectation
that
the
average
user
can
take
a
55
character
string
with
your
private
key
and
and
be
able
to
manage
that,
especially
to
because
you
get
to
any
OS,
you
have
your
owner
key
and
you've
your
active
key.
Yes,
yeah,
we're
yeah.
We
are
working
on
a
lot,
we're
very
excited,
so
we're
launching
a
hardware
wallet
that
we
want
to
essentially
be
the
easiest
way
for
you
to
interact
with
with
taps
on
us.
B
It's
it's
not
right.
Now,
it's
very
it's
very
difficult
to
to
engage
with
a
blockchain,
because
it's
private
key
management
and
the
fact
that
you
can't
reset
your
password.
This
is
a
big
hurdle
and
we
need
to
start
to
think
of
solutions
of
how
this
works,
and
our
first
step
at
us,
New
York,
is,
is
making
key
management
easy
and
putting
it
on
a
device
that
you
carry
with
you
and
you
you
can.
You
can
be
confident
that
it's
secure
and
it's
easy
to
use.
B
A
B
This
is
just
something:
I
mean
we're
so
we're
playing
around
with
ideas
all
the
time,
because
we
we
we've
seen
a
lot
in
the
community,
we're
in
a
very
good
position,
a
vantage
point
to
say
like:
where
can
we
help
and
how
do
we
make
us
any
better?
So
that's
that's
just
one
of
the
services
where
we're
playing
around
with
in
our
head,
but
we're
you
know
there
when
there
are
good
developer
projects
and
they
need
access
to
expertise
with
auditing
security,
auditing
of
smart
contracts
or
something
we
engage
with
them.
That
way.
A
Last
question:
New
Year's
Eve,
that's
12
o'clock!
Ding,
the
bell
goes
price
of
Bitcoin.
We
ask
everyone.
What
do
you
think
the
price
of
people
in
u.s.
dollars
might
be?
It
is
your
way
to
answer
any
way
you
want.
While
you
do
that,
I'm
just
gonna
start
off
with
a
bit
of
New
York,
the
black
and
white
cookie
we're
here,
I'm
gonna
sing
them
just
it's.
It
just
reminds
me.
You
really.
B
B
A
Guys,
Kevin
Rose,
EOS,
New
York
has
joined
us.
Thank
you
so
much
for
joining
us.
Okay,
get
into
that
cookie!
Oh
yeah!
You
can
follow
along
with
Kevin
EOS,
New
York.
Obviously
the
web
site,
yes,
New,
York
io,
the
Twitter
handle
EOS
New
York
at
EOS,
New
York
and
see
it
there
guys
get
into
it
check
it
out,
one
of
the
most
I
guess
what
I
you
know:
incredible,
knowledgeable
man
when
it
comes
to
EOS
and
everything
else
and
where
it's
going
and
I
think
is
some
amazing
stuff.
Thank
you
so
much
for
joining
us.