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From YouTube: Block 5 - Q & A
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A
There's
a
lot
of
overlap
in
what
everybody's
doing,
and
some
of
you
are
in
a
different
place
where
you
have
a
little
bit
more
of
a
head
start
because
you've
already
started
this
thing
and
kind
of
from
what
you
just
talked
about
roland.
You
are
in
the
process
of
figuring
this
out,
so
I'll,
be
curious
to
sort
of
ask
each
of
you
a
question
here
and
and
just
kind
of
get
each
of
your
opinions.
But
what
are
some
of
the
trends
you've
seen
for
all
the
applicants
that
have
applied?
A
B
Yeah
in
terms
of
chinese
communities
they
and
most
of
the
applications
they
are,
they
are
developing
some
applications.
That
folks,
are
you
know
consumers
consumers
they.
They
can't
afford
the
consumers
with
a
very
low
customer
or
even
free
of
charge.
You
know
a
storage
space
online
so
that
that
means
the
chinese
consumer
or
the
worldwide
consumer.
They
don't
care,
they
can't
get
free
access
to
those
dispute.
Storage,
space.
B
A
Awesome,
gabriel
charlene
and
emma,
what's
kind
of
been
some
of
the
trends
that
you've
noticed.
C
Yeah,
I
think,
oh
sorry,
go
ahead.
D
All
right,
that's,
okay,
okay,
so
I'll
just
add
a
little
bit
as
we
laid
out
in
our
presentation.
I
think
you
know
at
this
stage
most
of
the
developers
and
applicants
we
have
seen
is
more
focused
on
infrastructure
level.
It's
more
around
middleware
services
of
chain
services,
and
also
you
know
around
the
user
tools.
I
think
that's
you
know,
given
the
stage
of
you
know
development
of
the
ecosystem
right,
it's
more
around.
C
Yeah,
I
think
one
of
the
more
exciting
things
you
know
for
those
that
don't
know,
tachyon's
third
cohort
was
vertically
focused.
It
was
a
defy
cohort
one
of
the
really
exciting
things
when
people
ask
me,
you
know
about
this
program
with
filecoin
and
the
protocol
labs
team.
C
You
know
one
of
the
things
that's
most
exciting
for
me
is
I
I
feel
I
have
those
the
the
tingling
feeling
the
warm
and
fuzzies
like
I
had
when
defy
was
just
emerging
where
I
was
like
this
is
the
next
thing
it
feels
like
you're
looking
into
the
future
of
web3,
and
I
can
only
imagine
what
this
ecosystem
is
going
to
look
like
over
the
next
12
to
18
months.
It's
really
exciting
the
great
thing
about
this.
This
stack
is
horizontally.
C
It
has
so
many
applications
and
different
ways
that
that
companies
can
build
on
top
of
it
right,
whether
it's
dev
tooling
and
software
deployment
services,
whether
it's
more
of
the
middleware
and
I
I
get
really
excited,
obviously
thinking
about
the
bridges
between
ethereum
and
filecoin
when
distributed
storage
and
smart
contracts
and
d5
start
interacting
and
playing
together
and
new
business
models.
That
can
be
built
on
top
of
that
all
the
way
to
consumer-facing
applications,
so
video
storage,
teleconferencing
kind
of
building
decentralized.
C
You
know
video
conferencing
solutions
and
emerging
marketplaces
where
lag
or
latency
et
cetera,
are
real
issues,
especially
in
this
covid
context
world
that
we're
living
in
so
yeah.
It's
just
yeah.
I
I
I
it
again.
It
feels
like
we're
looking
into
the
future
of
web
3,
and
you
know
we're
kind
of
just
at
the
early
emerging
stages,
but
I
am
so
excited
to
see
what
this
ecosystem
blossoms
into
over
the
next
12
to
18
months.
E
I
totally
agree,
I
think,
I've
just
kind
of
shared
the
major
categories
of
use
cases
we've
seen
the
applications
right,
but
in
our
view,
falcons
really
a
critical
path
for
projects
to
go
more
web-free
and
more
decentralized
right.
So
it's
really
projects
might
pick
and
choose
to
say
whether
they
do
that
now
or
later,
but
I
feel
it's
kind
of
like
a
passage
right
if
you
want
to
have
more
resilient
infrastructure.
E
Why
we're
so
excited
like
gabriel
was
saying
right,
but
it
is
a
multi-year
journey,
but
right
now,
in
the
very
very
beginning
right,
we
might
just
see
some
of
the
very
natural
use
cases,
and
but
a
lot
of
things
are,
I,
I
think
the
native
use
cases
are
still
many
years
down
there
down
the
line
that
we
can't
really
think
of.
So
we
just
kind
of
have
to
stay
open-minded
to
that.
A
No,
it's
a
great
perspective,
and
what
can
I
do
there's
a
handful
of
questions
that
came
in
and
luckily
they
all
apply
to
all
four
of
you
so
I'll
just
kind
of
go
around
robbing
this
again.
That's
a
really
good
point.
Emma
and-
and
maybe
the
question
I
want
to
follow
up
with
here-
is
that
is
there?
Obviously,
this
is
a
multi-year
and
a
very
long
sort
of
process
in
understanding
how
things
compound
and
grow
from
kind
of
what
you've
seen
so
far.
A
Is
there
a
a
an
obvious
limiting
factor
that
you
notice
like?
Is
it
that
people
just
don't
know
how
web3
works
or
people
haven't
realized?
How
decentralized
storage
may
work
and
we
just
don't
have
enough
developers
or
is
it?
Is
there
any
specific
thing?
That's
missing
from
your
perspective,
or
is
it
just
that
people
are
going
to
soon
realize
it,
but
we
don't
have
like
a
shortage
of
any
specific
key
element
here.
E
I
wouldn't
say
it's
something:
we're
lacking
because
it's
always
a
journey
right
and
I
think
we've
done
amazing.
Being
you
know,
we
just
launched
the
mainnet.
I
already
have
the
number
the
size
of
storage,
that's
comparable
to
other
cloud
providers.
That's
like
amazing,
but
right
now
you
have
this
oversupply
of
storage
right.
So
it's
just
kind
of
like
chicken
and
egg.
You
got
to
stop
from
somewhere.
So
now
you
have
the
ample
abundance
supply
of
storage
there.
E
So
I
guess
the
next
critical
step
is
to
get
actually
useful
data,
useful
use
cases
to
get
onto
this
platform,
but
to
convince
them
you're
really
up
against
of
the
you
know:
billion
dollar
companies
that
has
been
in
operation
for
many
years.
You
know
they
have
the
customers
mindshare.
So
I
think
there's
a
lot
of
challenges
we
need
to
overcome
to
persuade
them
hey.
This
is
cheaper.
This
is
more
really
resilient,
but
the
adoption
is
going
to
be
a
journey.
C
Yeah
I'll
I'll
kind
of
piggyback
there,
I
think,
not
necessarily
missing,
but
the
while
the
the
storage
market
seems
to
be
really
getting
a
lot
of
momentum
and
traction
which
makes
a
ton
of
sense.
I'm
really
excited
about
seeing
the
retrieval
aspect
start
to
blossom
a
little
bit
more
right
and
really,
you
know,
realizing
the
vision
of
a
decentralized.
You
know
cdn
on
the
retrieval
side
of
things.
C
These
are
thing
we
have
some
companies
in
our
cohort
that
are
working
on
that
thinking
through
ways
like
to
think
about
how
to
bootstrap
that
ecosystem.
But
I
think
that
that
will
be
really
exciting
to
emma's
point
right,
like
fully
realizing
the
vision
of
decentralized.
You
know.
A
fully
decentralized
aws,
I
think
is,
is
really
really
cool
to
think
about.
D
I
just
had
a
little
bit
agree
with
emma's
comments,
it's
a
journey
and
I
think
it's
a
long
journey
to
web
3
and
the
two
digital
freedom,
and
you
know
for
anything
like
this
right
and
it
takes.
You
know
long-term
vision
and
long-term
commitment
right
and
it
starts
with
a
group
of
people
with
that
long-term
vision
and
commitment
right
and
that's
what
we
see
you
know
in
far
coin
in
protocol
x,
leadership
here-
and
you
know
it's
very
clear
right
where
we
are
heading
to
and
just
need
to.
D
You
know,
keep
building,
and
you
know
the
reason
we
are
super.
You
know
confident
and
excited
about
file
point
because
this,
actually
you
know
it's
easier
to
relate
to
average
consumers
right
and
you
know
compared
to
d5.
I
think
you
know
the
storage
and
cdm
market,
and
you
know
the
massive
you
know
potential
applications.
You
know
kicking
over
next.
You
know
few
years
right
and
that's
you
know
I
easily
go
to
you
know
every
person's
average
consumers
in
everyday
life.
D
B
Yeah,
I
agree.
Maybe
I
wanted
to
share
some
of
my
views
in
terms
of
the
web
website.
Actually,
I
think
the
first
of
the
point
is
that
the
people
here
and
now
I
mean
today,
people
today
they
still
don't
know
what
webstreet
ecosystem.
What
would
it
be?
Actually
it's
just
a
evolutionary
process,
so
we
are
just
a
very
early
end
stage
and
now
we
know
even
for
ips,
there
are
just
very
limited
data
that
are
stored
in
ipf.
B
Still
most
of
the
people
are
still
using
https,
so
I
think
web3
will
start
from
here
and
it
needs
some
some
a
couple
of
years
for
people
to
store
enough
sufficient
data
amount
of
data
in
ipfs
and
that
there
will
be
a
you
know:
a
separate
ecosystem
to
grow
on
top
of
ipfs
yeah
with
all
the
data
stored
there,
so
that
that
means
actually
nobody
knows
how
the
webster
ecosystem
will
evolve
and
also
just
like
d5,
I
think
five
years
ago
not
everybody
knows
about
the
just.
B
So
at
that
time
only
a
few
people,
they
know
bitcoin,
but
nobody
knows
about
the
and
how
it's
a
revolutionary
vision.
So
I
think
it's
just
a
in
terms
of
default.
I
think
the
distributed
storage
story
is
just
like
the
default
five
years
ago,
so
that
that
means
we
still
need
five
years
to
know
what
it
is
going
to
be.
A
Absolutely
now
it's
yeah.
E
Actually,
can
I
add
one
coin,
because
I
think
what
roland
was
talking
about
defy
right,
because
I
think
what
we
were
really
hoping
for
is
to
see
a
breed
of
type
of
companies
that
can
only
exist
on
falcon,
right
and
and
and
meaning.
D5
is
only
amplified
when
there's
smart
contract
right
code
only
exists
in
smart
contract
enable
the
world
right.
It
doesn't
work
in
web
3
web
2
world.
A
That's
a
great
point,
another
kind
of
question,
and
this
is
a
bit
self-serving,
but
I'm
curious
to
hear
sort
of
well.
What
do
you
think
about
the
role
that
hackathons
or
summits
like
these
would
play
in
in
sort
of
getting
not
only
just
the
coin
ecosystem,
but
just
accelerators
that
are
helping
the
web
3
vision,
sort
of
become
broader,
just
making
that
possible?
Like
do
you
think?
C
Yeah
I
mean
I,
I
guess
I'll
go
here.
I
I
can
think
of
many
of
some
of
our
top
performing
projects
that
have
come
out
of
hackathons.
I
will
shout
out
the
youth
global
team
and
the
quality
of
the
hackathons
that
you
guys
put
on.
I
mean
you
know
we're
at
our
fourth
cohort
at
this
point.
Even
if
I
didn't
look
at
this
cohort-
and
I
looked
at
previous
cohorts-
you
know
idle
finance.
C
You
know
in
the
dfi
ecosystem
recently
hit
100
million
aum
came
out
of
one
of
your
guys's
events
same
with
pai
dao
same
with
tranzact.
I
believe
in
this
cohort.
You
know
a
number
of
companies
that
have
you
know
really
high
quality
projects
that
have
come
out
of
hackathons.
I
think
the
importance
of
really
supporting
early
entrepreneurs,
especially
that
are
building
startups
in
web3,
the
importance
of
of
creating
a
an
ecosystem
for
them
a
place
for
them
to
hack
a
place
for
them
to
to
you,
know
meet.
C
You
know
some
of
the
the
top
technologists
and
thought
leaders
in
in
this
space.
It's
such
an
early
and
emerging
space,
so
the
the
importance
of
like
nurturing
these
entrepreneurs
and
nurturing
these
companies
that
are
tinkering
in
just
this
emerging
technology.
It's
just
it's
just
so
massively
important,
providing
them
the
capital
and
network
and
know-how
and
assistance
and
help
you
know,
and-
and
it's
just
this-
this
whole
space
is
just
so
incredible
right,
like
everybody
that
I
meet,
they
are
truly
missionaries.
They
are
not
mercenaries.
C
They're,
not
here,
you
know
because
they
think
they're
going
to
create
a
billion
dollar
company.
That's
going
to
ipo,
you
know
in
the
next
five
or
six
years
like
they're,
creating
something
because
they
think
the
world
actually
needs
it
and
they
want
to
see
the
world
be
a
better
place
and
they
believe
that
web
3
is
a
technology
that
can
enable
that
and
create
a
more
self-sufficient
self-sustaining.
C
You
know,
internet
and
and
as
somebody
who
came
into
this
ecosystem
to
wash
away
my
sins
because
I
was
you
know
a
growth
hacker
growth
engineer
hacking
over
in
web
2..
I
that
I
that
really
resonates
with
me-
and
I
I
think
so
yeah
it's
it's
really
important
to
have
these.
These
nurturing
ecosystems,
for
these
young
budding
projects
and
companies
to
support
them
and
help
them
along.
E
Yeah,
I
totally
agree
if
I
can
add
on
to
that.
I
think
right
now.
I
think
over
the
last
couple
of
years
right.
How
do
you
venture
build
for
web3
ecosystem?
I
think
there's
a
couple
of
kind
of
essential
ecosystem
infrastructure
that
needs
to
be
in
place.
The
first
is
like
hackathon
hacksaw
is
a
great
place
to
for
like-minded.
E
You
know
developers
to
meet
people,
you
know
of
the
same
thinking
and
to
test
out
their
skills,
and
it's
really
the
playground
of
these
talented
people
right
and
for
us
we
make
it
a
habit
to
just
kind
of
scouring
through
all
the
you
know,
different
type
of
hackathons
around
the
world.
We
reach
out
to
them
to
say
hey
what
you're
building
love
to
hear
what
you
know,
bounce
off
ideas.
So
that's
for
one!
That's
for
early
stage.
E
You
know
accompanies
ideas
that
came
out
right
then,
once
they
mature
to
a
certain
stage,
they
would
need
more
capital,
more
investors
right,
a
more
fully
formed
team.
That's
where
accelerators
come
in,
you
know,
can
bring
in
the
first
vc
check
and
can
bring
in
give
them
some
more
go
to
market
access.
More
structured
support
so
that
they
can
go
a
long
way
more,
hopefully
independently,
right,
not
just
always
getting
support
from
the
from
the
whole
ecosystem.
E
A
That's
amazing-
and
I
kind
of
one
question
I
want
to
ask
again-
is
just
you
kind
of
shared
a
really
interesting
perspective
on
what's
happening
in
asia
and
china.
Specifically,
I
guess
we're
just
curious
to
understand
a
bit
more
about
like
what
do
you
think
would
help
build
a
larger
developer
community
in
china?
Is
it?
Is
it
just
events,
or
is
it
just
more
hackathons
or
more
grants
like
what
what
matters
to
the
audience
there,
and
how
do
we
actually
help
build
that
up
even
more.
D
Yeah,
I
think
you
know
we
definitely
would
like
to
see
more
promotion
of
powerpoint.
I
think
both
from
the
product
labs
and
also
from
other
you
know,
ecosystem
partners.
You
know
in
asia
market
right
and
that's
where
you
know
like
hobby
long
hash,
you
know,
can
all
come
in
to
help
and
I
think
mo
hector
is
definitely.
You
know
very
important.
As
you
know,
gabriel,
you
know
pointed
out.
It's
very
important
for
you
know
to
nurture.
You
know
the
future
creators
of
web
3
right.
That's
you
know
a
place.
D
You
you
plant
seeds,
right
and
harvest
right,
and
you
know
we
love
to
see
more
of
these
actually
organized.
You
know,
through
different
kind
of
you
know,
form
you
know
collectively
with
you
know
from
the
labs.
I
think
that's
super
important
because
you
know
the
technical
advisory
role
right
and
you
know
I
think
it's
still
the
most
important
piece
at
this
stage
of
the
you
know
the
ecosystem
building.
B
Yeah
yeah,
my
view,
is
that
the
the
most
important
things
for
for
episodes
or
other
it's
the
ecosystem
to
grow
in
china
is
that
proto
labs
should
be
organize
some
local
event
in
in
china
in
terms
of
such
a
hacksaw
or
something
like
that
or
bootcamp,
or
something
like
that
yeah,
I
think
if
I
coin
or
ipfc
has
something
different
from
other
crypto
coins.
They,
because
you
know
the
storage
system
is
actually
welcomed
and
supported
by
the
chinese
government
yeah.
B
I
think
that
there
will
be
no
policy
or
legal
risk
in
terms
of
such
kind
of
hacksaw,
so
I
think
most
of
the
local
governments
they
they
welcome
the
organizers
of
a
distributed
astrology
system
to
to
be
there,
whether
in
terms
of
a
to
to
have
their
local
incorporation
or
just
organize
a
temporary
event
there.
B
So
many
chinese
chinese
developers,
they
are
also
they're
committed
to
do
something
to
do
something
to
do
some
contributions
to
ipfs
and
they
also
they
they
didn't,
have
any
chance
to
see
the
official
representatives
from
the
proto
labs
in
china
so
because,
probably
because
of
their
pandemic
in
in
the
last
few
years.
So,
that's
that's
why
they
they
failed
certain
discouragement,
but
now
I
think,
depending
the
panoply
will
anywhere
end
in
probably
in
the
next
year.
B
So
I
think
that
there
will
be
some
more
official
events
to
be
organized
by
both
collapse
in
china.
A
That
makes
a
lot
of
sense
to
kind
of
just
last
question
when
I
end
off
on
a
good
note
here,
so
I'm
going
to
put
all
of
you
on
the
spot
and
all
kind
of
ask
what
advice
would
you
give
everybody
who's
applying
to
your
incubators
or
accelerators
and
and
these
people
are
building
in
this
ecosystem?
So
I'll
just
have
each
of
you
say
something
that
you
want
to
tell
the
founders
and
we
can
end
from
from
there.
D
E
Checklist
yeah,
I
would
agree
with
charlie
there.
I
I
think,
start
with
the
problem,
and
always
you
know
that
problem
might
change
over
time
right
but
start
with
something
that
people
want.
The
solution
for.
B
So
you
know
because
we
have
fun
and
so
many
applications
they're
just
doing
the
same
thing
that
they
you
know
they
try
to
tap
into
the
consumer
market,
but
anyway,
I
think
ipf
is
more
much
more
than
that.
So
I
I
believe
that
there
will
be
some
new
ideas,
very
innovative
ideas
that
can
deliver
something
new
to
me.
C
Oh
sorry,
I
had
to
unmute
there
yeah
I
I
would
have
two
pieces
of
advice.
I
guess
one
your
ability
to
have
as
a
founder
your
ability
to
have
grit
persistence,
resourcefulness
stick-to-it-ness,
like
some
of
those
you
know
more
qualitative
attributes,
I
think,
are
extremely
important
and
then
the
other
day
I
saw
sam
altman
tweet
this
and
I
couldn't,
I
can't
say
it
better.
So
I'm
just
gonna
steal
from
him.
C
The
compounding
returns
of
a
rapid,
iteration
and
learning
feedback
loop
is
the
closest
thing
you
can
get
to
guaranteed
success.
I
think
the
qualitative
and
then
that
statement
linked
together
is
the
killer
recipe.
I
have
been
a
founder.
I
know
how
hard
that
journey
is.
It
is
extremely
extremely
freaking
difficult
and
for
those
who
decide
to
step
into
the
pantheon,
I
love
entrepreneurs.
I
love
founders,
and
so
I
think,
if
you
can
stick
to
it,
you'll
succeed.
A
It's
it's
an
amazing
last
sentence
to
end
on
so
charlotte
and
emma
gabriel
and
roland.
Thank
you
so
much
for
giving
us
your
time
and
being
open
to
doing
this
thing
in
all
the
different
time
zones
everybody's-
and
we
really
appreciate
this,
and
I
hope
you
have
a
great
rest
of
the
day.