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From YouTube: Block 4 - Q & A
Description
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A
Okay,
we're
gonna
we're
gonna,
do
a
quick
set
of
questions
here.
I
know
it's
late
on
the
east
coast
and
even
later
in
europe,
so
I'm
gonna
keep
the
q
a
segment
really
really
short,
but
I'll
ask
maybe
three
questions
to
our
panelists
here.
Maybe
I'll
start
with
you
brad,
you
know
summer
viewers
have
asked
you
know,
given
your
experience
both
within
crypto
and
with
with
more
traditional
tech
companies.
A
Do
you
think
that
existing
tech
companies
will
adapt
to
the
decentralized
systems
that
that
are
being
launched?
Assuming
some
of
these
networks
take
off?
For
example,
is
there
a
world
where,
instead
of
twitter,
being
you
know,
replaced
by
a
decentralized
alternative
that
twitter
really
adapts
to
a
decentralized
network
or
even
itself
becomes
one?
I
know
you've
put
a
little
bit
of
thought
into
like
the
intersection
between
web
2
and
web
3
and
curious.
How
you
think
about
those
problems.
B
Yeah,
if
that
happened,
it
would
be
the
first
time
that
it
ever
happened,
and
you
know
one
of
the
great
things
about
being
in
the
venture
business.
Is
you
get
to
watch
the
first
time
a
lot
of
things
happen?
So
maybe
it
will,
but
it
has
never
happened
historically,
and
I
think
that
you
know
that
it's
an
enormous
challenge
for
an
existing
business
with
an
existing
business
model,
a
culture.
B
You
know
a
organizational
structure
to
to
make
that
transition
and
that's
what
what
why
it's
so
much
fun
to
be
in
the
venture.
Business
is
because
when
you
have
these
moments,
where
you
have
a
significant
platform
shift,
you
often
see
a
cambrian
explosion
of
new
innovation
that
the
incumbents
have
a
very
difficult
time.
Reacting
to
so
you
know,
I
mean
you
look
at
somebody
like
jack
dorsey
he's
you
know
pretty.
B
You
know
he's
a
bit
of
a
bitcoin
maximus,
I
guess,
but
he's
he's
at
least
in
involved
and
engaged
in
crypto,
and
you
you
see
him
pick
up
on
something
like
mike
mazznick's
piece
protocols,
not
platforms
and
then
follow
it
up
by
trying
to
get
something
started
with
blue
sky.
All
of
that
feels
like
he's
trying,
but
he's
working
against
a
lot
of
organizational
momentum,
so
I
think
the
good
news
for
entrepreneurs
is
that
this
is
going
to
be
an
open
field.
A
Awesome,
thank
you.
So
much.
Olaf
you've
clearly
had
a
front
row
street
seat
in
how
ethereum
kicked
off
its
development
and
its
ecosystem
many
many
years
ago,
and
how
that
kind
of
progressed
for
many
years
in
the
future,
and
I'm
curious
how
you
think
elements
of
the
filecoin
ecosystem
are
similar
or
completely
different
from
how
you
saw
the
ethereum
ecosystem
evolve.
C
Well,
that's
interesting.
I
think
that
ecosystem
building
is
it's
sort
of
a
compounding
thing,
so
it's.
D
C
Necessarily
like
exponential,
but
it's
accelerating
at
an
accelerating
rate.
So
I
think
if
you
were
to
go
back
to
2015,
2016
ethereum,
it
would
feel
really
quiet
relative
to
what
it
is
today
where
I
think
we
would
all
agree.
It's
almost
impossible
at
this
point
to
genuinely
keep
up
with
everything
being
built
on
ethereum,
like
the
pace
of
development,
is
way
beyond
any
mortal's
ability
to
keep
up
with
all
the
different
applications.
C
So
I
think
you
know
I
do
expect
a
similar
sort
of
compounding
with
filecoin,
where
it'll
be
pretty
easy
for
the
next
year
to
track.
Like
generally
like
the
big
projects,
you
know
what's
happening
what
businesses
are
getting
funded
and
then
at
some
point,
it'll
it'll
get
out
of
our
hands
and
we'll
have
to
just
sort
of
hold
on
as
best
we
can
and
try
to
make
sense
of
what'll
be,
I
think,
a
really
dynamic
ecosystem.
C
So
I
think
it's
also
like
developers
leading
the
way
right.
So,
where
you
see
developers
interest
is
where
you
see
the
big
businesses
of
tomorrow,
and
so
I
think
file
coin
has
a
lot
of
developer
interest
today.
So
that
to
me
is
always
in
crypto,
been
sort
of
the
leading
indicator.
A
Awesome,
fantastic
ryan.
You
mentioned,
you
know
what
you
would
want
to
see
happen
in
order
to
catalyze
kind
of
a
consumer
vision
for
the
future
of
filecoin,
where
someone
can
easily
switch
from
dropbox
or
google
drive
or
something
else.
I'm
curious
how
you
size
up
like
what
do
you
think
that
the
first
opportunities
for
filecoin
from
a
storage
perspective
might
be
is
a
consumer?
Is
an
is
it
enterprise?
And
what
would
you
need
to
see
to
to
have
confidence
that
those
will
take
off
from
a
tooling
and
an
adoption
perspective?.
D
Yeah,
so
the
question
is
whether
it's
consumer
or
enterprise.
I
think
the
answer
is
yes
right
and
it
will
require
from
the
ecosystem
a
dedicated
group
of
people
chasing
after
both
categories
and
many
subcategories
in
between,
and
so
I
mentioned
that
you
know
pinning
services
that
allow
people
to
pay
with
credit
card
rather
than
have
to
have
crypto
natively
or
file
coin
natively.
D
In
order
in
order
to
make
payments,
I
think
would
be
really
nice,
but
then,
at
the
same
time,
just
you
know
a
community-led
group
out
there
evangelizing
and
communicating
to
enterprise
how
they
can
lower
their
overall
storage
cost
and
how
that's
meaningful
for
their
bottom
line.
I
think,
is
a
compelling
message
that
that
will
resonate
with
with
corporates
moving
forward,
and
so
I
don't
think
it's
one
or
the
other,
and
I
don't
think
it's
it's
necessarily
like
one
for
first
and
then
the
other.
A
Awesome
fantastic:
ask
one
more
open-ended
question,
we'll
cycle
through
folks
really
quickly.
Here,
let's
say
this
community
were
to
come
together
three
years
from
now
call
it
file
con,
hopefully
not
during
a
pandemic
where
we
can
meet
in
person.
A
C
So
I'm
I'm
like
a
sucker
for
just
totally
new
unprecedented
stuff.
That
sort
of
boggles
your
mind,
so
my
my
hope
is
that
in
three
years,
if
we
were
talking
that
something
has
happened,
that
I
truly
have
not
thought
of
and
could
not
imagine
today,
that
would
be
my
number
one
hope
awesome.
A
B
So
I'm
gonna
just
say
ditto,
but
I'm
gonna
actually
frame
it
a
little
bit
by
saying
the
thing
that
blew
me
away
about
defy
was
composability
that
I
I
never
anticipated
the
possibility
that
somebody
over
a
weekend
could
put
together
two
or
three
different
protocols
and
produce
a
completely
different
consumer-facing
service,
and
I'm
curious
about
the
possibility
of
what
composability
looks
like
on
top
of
filecoin.
B
B
D
I
would
like
to
see
and
celebrate
that
a
minimum
of
four
of
the
top
10
smart
contract
or
other
blockchain
ecosystems
store
their
state
on
filecoin
or
on
ipfs
and
and
do
away
with
this,
this
very
silly
narrative
that
they
must
store
their
state
within
their
own
chain.
Otherwise
you
know
you
know
there
there's
an
attack,
vector
and
so
on
and
so
forth.
D
It's
just
much
more
pragmatic
and
much
cheaper
and
much
simpler
and
the
integrations
are
available
and
there's
really
no
reason
not
to
just
outsource
storage
to
to
to
file
point.
You
know.
D
Blockchain
generally
is
really
the
ultimate
manifestation
of
smythian
economics
where
there
should
be
specialization
among
sort
of
regions
or
or
or
categories,
and
then
trade
among
them,
and
it's
fairly
obvious
that
filecoin
ipfs
is
best
positioned
to
lead,
storage
and
and
other
ecosystems
and
other
chains
can
lead
other
things,
and
then
they
can
do
trade
with
one
another.
D
And
so
you
know,
vitalik
has
spoken
in
the
past
about
potentially
having
the
ethereum
state
on
as
on
an
ipfs
hash,
and
I
think
that
that's
totally
normal
and
we
should
go
back
to
that
being
being
a
goal
for
for
the
general
ecosystem.
A
Fantastic
well,
thank
you
so
much
to
brad,
ryan
and
olaf
for
engaging
with
the
community
today,
especially
in
this
extremely
brutal
time
zone.
For
many
of
you,
we
really
appreciate
it
and
we're
so
excited
to
continue
the
journey
on
on
the
development
of
this
protocol
together.
So
thank
you
very
much.