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From YouTube: Data DAOs - Olaf Carlson Wee
Description
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A
Now
that
the
far
coin
network
is
is
live
and
operational,
which
was
just
a
massive
you
know,
lift
by
the
entire
team,
the
entire
ecosystem,
all
of
the
various
miners
involved.
I
do
think
I'm
spending
a
lot
of
time.
A
Thinking
about
what
types
of
businesses
will
be
built
on
top
of
filecoin
and
what
types
of
services
are
we
excited
to
invest
in
and
excited
to
look
at
that
are
out
there
and
there's
kind
of
a
convergence
here
that
I
think,
is
really
interesting
between
what's
happening
in
the
file
coin
ecosystem,
and
you
know
what
has
sort
of
been
the
defy
summer
we've
seen
in
ethereum,
where
we
finally
found
basically
product
market
fit
for
dows
for
the
first
time
ever,
in
my
view,
with
all
of
these
d5
products
and
protocols,
so
the
for
the
first
time
ever
you
have
this
natively
on-chain,
internet-based
corporate
structure,
that's
supporting
these
d5
projects
and
d5
protocols,
where,
rather
than
being
operated
by
sort
of
a
business,
these
systems
like
compound
uniswap
yearn
are
all
kind
of
run
by
dows.
A
When
all
the
revenues
go
to
those
dows,
those
dows
manage
the
treasury,
they
upgrade
the
contracts
they
pay,
the
open
source
developers
and
yet
they're
not
really
located
in
any
specific
geography.
A
Ethereum,
though,
is
that
ethereum
is
effectively
limited
to
mathematical
logic
like-
and
this
is
a
lot
of
just
you
know,
due
to
the
scaling
limitations
and
in
the
design
of
ethereum.
You
don't
really
have
the
ability
to
serve
more
complicated
data
to
the
end
user
in
general.
These
contracts
are
just
doing
math,
so
they
lend
themselves
very
well
to
things
like
trading
lending
at
you
know,
escrow
all
these
sort
of
basic
financial
primitives
and
we're
seeing,
of
course,
more
advanced.
A
You
know
building
of
those
different
underlying
blocks
with
things
like
urine,
which
is
sort
of
like
a
non-chain
hedge
fund.
So
I'm
really
excited
about
that
whole
category
and
I
love
investing
in
daos.
A
I'm
really
happy
to
be
an
investor
in
many
of
these
dows
today
and
when
you
look
at
the
market
size
of
a
lot
of
these
dows,
most
of
them
from
a
market
cap
perspective
are
in
sort
of
the
hundreds
of
millions
like
most
of
the
sort
of
blue
chip
dows
as
people
call
them,
and
I
do
think
that,
with
the
expansion
of
the
size
of
the
entire
crypto
market
cap
over
the
next
several
years
by,
I
call
it
10
times
and
the
expansion
of
defy,
I
think,
by
about
a
hundred
times.
A
In
that
same
time
period.
I
I
think,
you're
going
to
see
these
dows
become
really
really
valuable
and
I
think
they're
going
to
become
some
of
the
fastest
growing
sort
of
you
can
call
them
companies
but
they're
going
to
become
some
of
the
fastest
growing
things
in
the
world.
So
I'm
very
very
excited
about
you
know
investing
in
this
category,
but
today
all
the
dows
that
are
out
there
are
limited
to
these
sort
of
defy
or
like
financial
applications
right.
A
They
don't
really
have
the
ability
to
do
other
sorts
of
things
other
than
these
kind
of
trading
lending,
math
type
of
things,
and
so
with
the
launch
of
filecoin.
I've
spent
a
lot
of
time.
Thinking
about
what
types
of
businesses
could
a
dow
build
on
top
of
filepoint,
where
the
dow
is
sort
of
that
native
corporate
structure
that
sponsors
the
underlying
product,
and
so
you
know
I
I've
called
this
data
dowse
right
to
just
sort
of
symbolize.
A
I
think
this
is
the
the
type
of
business
that
I
think
could
get
big
and
I'm
excited
to
talk
to
entrepreneurs
that
are
working
on
this
sort
of
thing
on
filecoin.
So
some
ideas
here
that
I've
I've
just
kind
of
thought
about
are,
for
example,
taking
very
big
research
sets.
So
these
could
be
like
genomic
databases
or
you
know,
other
sort
of
research
databases
where
there's
just
a
massive
amount
of
data
out
there.
That's
maybe
disparately
held
by
many
different
big
entities.
A
This
is
the
sort
of
data
sets
that
I
think
filecoin
is,
is
well
positioned
to
hold
and
have
that
sort
of
secure
access
to
and
and
storage
of,
for
a
very,
very,
very
long
time
period
with
a
lot
of
redundancy.
And
so
you
could
imagine
a
lot
of
different
ways
that,
though,
that
all
of
that
data
could
be
basically
owned
by
and
provisioned
by
a
dow
where
the
business
model
is
maybe
offering
the
underlying
data
for
research
purposes.
It
could
be
offering
the
underlying
data
for
machine
learning,
so
there's
lots
of
different
ways.
A
People
could
use,
for
example,
all
the
genomic
data
that
we
have
out
there
all
of
the
various
historical
stock
market
data
that
we
have
out
there.
Very
rich
data
sets
there
that
people
want
to
build
machine
learning
applications
around
in
order
to,
for
example,
predict
stock
prices
or
or
come
up
with
a
better
way
to
to
create
the
next
big
pharmaceutical
drug
breakthrough.
A
And
so
I
do
think
that
there's
this
potential
for
dows
to
basically
own
and
provision
huge
data
sets-
and
I
think
this
could
potentially
be
a
really
viable
business
model.
I
think
some
of
these
are
going
to
be
niche
right.
A
So
when
you
look
at
things
like
genomic
or
medical
data
being
provisioned
to
drug
companies
that
are
searching
for
like
the
next
drug
to
solve
for
some
ailment,
I
think
that
there's
the
possibility
for
the
dow
to
be
the
sort
of
data
owner
data
provider
for
those
sorts
of
business
use
cases.
I
think
many
of
these
will
be
industry
specific.
A
A
So
I
just
I
can
imagine
a
lot
of
different
ways
that
entrepreneurs
could
put
together
specific
data
sets
and
that's
sort
of
like
an
offline
process
right
of
going
out
and
acquiring
all
the
data,
storing
it
and
then
actually
building
a
dao
on
top
of
it
to
basically
sell
it
or
use
it
in
some
fashion.
A
But
I
do
think
this
is
the
tip
of
the
iceberg,
like
the
types
of
things
that
people
can
use,
filecoin
for
to
build
more
expressive,
applications
that
go
beyond
the
scope
of
what
d5
is
capable
of
today,
because
d5
today
is
very
much
limited
to
these
financial
applications,
and
the
word
defy
even
to
me,
is
sort
of
just
like
a
rebranding
and
a
narrowing
of
what
we
used
to
talk
about
the
ethereum
ecosystem,
which
was
dapps
or
decentralized
applications.
A
And
so
I
I
think
that
we've
sort
of
gone
through
the
trough
of
disillusionment
on
on
dapps,
because,
frankly,
like
there
wasn't
like
a
social
media
web
three
thing
that
really
took
off
or
anything
like
that.
But
I
do
think
now,
with
the
emergence
of
more
flexible
expressive
systems
like
file
coin,
whereby
people
can
actually
access
data
through
smart
contracts
in
a
way
that
really
was
just
impossible
before
there
was
really
no
good
way
to
access
data
sets
or
access
image.
A
You
know,
databases
or
you
know,
just
all
these
big
data
sets
that
a
lot
of
machine
learning
applications,
for
example,
are
based
on.
There
was
really
no
good
way
to
embed
all
of
that
information
in
ethereum
and
build
a
smart
contract
system
around
it,
and
thus
like
a
dow
organizational
structure
around
that
underlying
business
logic,
and
so
I'm
very
excited
about
the
idea
for
filecoin
to
enable
kind
of
these
smart
contract
based
applications
and
sort
of
expand
the
universe
of
what
is
possible.
A
And
so
this
this
is
one
category
that
we're
really
excited
to
invest
in.
We
would
love
to
talk
to
entrepreneurs
who
are
working
on
this,
and
if
you
have
even
more
sort
of
radical
out
there,
ideas
for
how
you
could
use
filecoin
to
build
a
business
application.
You
know
I'm
very
excited
to
to
brainstorm
those
ideas,
because
I
think
we
are
in
the
very
early
days
of
of
reasoning
about
how
filecoin
could
be
used
to
build
novel
business
models.
A
It
feels
pretty
similar
to
the
launch
of
ethereum
in
2015,
where
there
were
a
lot
of
ideas,
but
nobody
really
knew
what
was
going
to
work
now
fast
forward.
Five
years,
it
really
took
until
this
sort
of
hockey
thick
growth
curve
of
define
2020
for
there
to
be
incredible
clarity
about
the
ways
in
which
ethereum
was
really
useful
and
that
ended
up
being
a
lot
of
different
subsets
of
applications
all
being
combined
the
early
ones.
A
Being
you
know
things
like
token,
issuance
and
decentralized
crowdfunding
mixed
with
stable
coins,
mixed
with
decentralized
exchanges
mixed
with
lending
protocols
that
all
kind
of
being
put
together,
leading
to
these
more
expressive
and
exciting
applications
that
were
actually
useful
for
end
consumers,
while
abstracting
away
a
lot
of
that
underlying
complexity.
And
so
I
think
we
are
in
the
very
very
early
days.
You
know
I
I
would
echo
what
ryan
said,
which
is
we
need
to
be
incredibly
ambitious
but
at
the
same
time
be
a
bit
patient.
A
While
we
watch
experimentation
in
this
ecosystem
and
see
what
types
of
of
business
models
people
can
build
on
top
of
filecoin,
because
I
think
it
will
take
a
little
while
before
we
kind
of
work
through
that
idea,
maze
when
you're
working
with
these
open
products,
open
protocols
where
anyone
in
the
world
can
build
anything.
And
it's
sort
of
infinitely
remixable,
it's
often
very
hard
to
predict
the
future,
because
the
rate
of
change
is
so
rapid.
A
So
we're
going
to
be
watching
this
really
closely
we're
going
to
be
really
engaged
in
this
ecosystem
and
yeah.
I'm
very
excited
to
talk
to
any
entrepreneurs
or
really
brainstorm
with
anyone
who
has
cool
ideas
for
new
types
of
business
models,
new
types
of
applications
that
are
uniquely
enabled
by
filecoin.
A
I
do
think
we
have
sort
of
a
really
genuinely
new
primitive
for
web3
that
we've
never
had
before,
and
it
is
going
to
lead
to
novel
business
applications
that
are
frankly
very
hard
to
imagine
today
so
really
excited
to
be
a
part
of
the
whole
ecosystem
and
if
you're
an
entrepreneur
feel
free
to
reach
out
we'll
be
happy
to
chat.
B
Awesome,
fantastic
thanks
so
much
olaf!
This
is
this
is
super
relevant
and
also
complementary
to
a
whole
other
segment
that
we
had
earlier
today.
So
I'm
so
excited
for
folks
watching
this
to
put
put
a
few
of
these
features
together.
So
thank
you
so
much.