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A
Foreign
thank
you
to
the
Falcon
foundation
and
protocol
Labs
team
thrilled
to
be
here.
I'm
Tom
Trowbridge
co-found
influence
Labs.
We
are
a
peer-to-peer,
compute
protocol,
an
application
platform.
You
may
recognize
some
of
these
investors
I'll,
obviously
point
out
protocol
Labs,
very
important
investor
for
us
and
excited
to
be
partnered
with
them.
What
is
peer-to-peer
compute
so
that
may
be
academic,
but
I
just
want
to
level
set
with
the
audience
here.
It
basically
is
compute
without
centralized
hosts
or
the
cloud,
and
where
does
most
compute
happen?
A
It
happens
in
centralized
host
or
the
cloud
right.
So
that
is,
you
know,
a
very
important
limiting
factor
in
compute
today.
How
do
you
do
peer-to-peer
compute,
they're?
Basically,
two
options:
you
can
either
do
unchain
smart
contract
compute
and
that's
what
most
people
think
of
with
peer-to-peer
compute
or
you
can
do
general
purpose
compute
and
it's
worth
realizing
that
the
smart
contract
based
compute
is
slow,
it's
redundant
and
it's
expensive
versus,
and
it's
also
a
tiny
fraction
of
the
overall
compute.
It
almost
doesn't
even
register
I'm
going
to
show
something
later
about
that.
A
So
we're
focused
on
the
general
purpose.
Compute,
which
is
basically
99
of
the
web,
importantly
also
realize
that,
where
is
where
is
ipfs
storage
data?
It's
not
on
chain
IPS
ipfs
uses
blockchain
for
incentive
mechanisms
and
to
compensate,
but
it
is
not
stored
on
chain.
So
general
purpose,
compute
is
where
we
think
the
future
is.
Let's
back
up
for
a
second,
what's
wrong
with
centralized
compute.
Well,
you've
got
companies
that
do
it,
and
then
you
run
the
risk
of
censorship.
A
Next
Issue,
which
is
related,
is
de-platforming.
Centralized
applications
can
kick
anybody
off
and
clouds
can
also
shut
off
applications.
Now,
why
would
a
centralized?
Why
would
Twitter
shut
somebody
off
or
why
would
a
cloud
shut?
Somebody
off
government
when
companies
get
large
governments
have
to
get
involved
and
always
do
you
can
go
back
to
any
industry
the
larger
it
gets,
the
more
relationship
with
government.
A
It
seems
every
week
about
the
government
influence
on
all
of
these
platforms,
but
also,
what's
important,
is
what
we
don't
see,
which
is
the
closed
systems
that
do
not
create
the
renovation
hasn't
happened
that
otherwise
might
have,
and
so
Twitter
and
Facebook
closed
off
their
their
apis
around
2018.
Farmville,
you
can
think
of.
You
can
think
of
all
the
Twitter
applications
that
used
to
exist.
Everyone
in
this
room
think
of
the
Innovation,
which
has
happened
since
2018..
A
If
those
platforms
were
open,
it's
hard
to
conceive
of
what
other
applications
and
Innovations
and
usage
we
might
see
on
those
platforms,
and
so
that's
within
their
right
to
do
no
doubt.
But
it's
hard
to
imagine
what
could
have
happened
if
these
platforms
had
retained
their
open
apis
and
made
it
safe
for
developers
to
build
on
them
with
confidence
and
that's
an
issue
that
is
really
core
to
centralized
compute.
A
Also,
de-platforming
risks
don't
exist
just
in
web
2
companies
web
3
companies.
A
lot
of
them
rely
on
the
cloud
right
now.
The
cloud
by
the
way
is
not
some
puffy
white,
benign
Cloud
I
like
to
see
it
as
a
storm
cloud
with
lightning,
because
it's
dangerous
and
that's
how
I
will
always
show
the
cloud.
Infuria
relies
on
AWS
as
we
know,
and
centralized
even
even
a
lot
of
applications.
We
know,
like
you
know,
snapshot
as
an
example
rely
on
centralized
servers
and
no
one's
fault.
A
And
so
the
question
isn't:
how
do
we
stop
that
from
happening?
It's?
How
do
we
create
an
alternative
that
that
basically,
governments
will
not
have
that
same
leverage
point
to
access,
and
so
how
do
we
get
here?
We
got
here
through
through
basically
an
evolution
where
people
started
hosting
internally
we're
drag
Kicking
and
Screaming
into
the
cloud.
Many
companies
resisted
for
a
long
long
time
going
into
the
cloud.
A
A
So
why
is
open
peer-to-peer
the
future?
It's
infinitely
scalable.
It
is
higher
security
and
has
better
resilience.
So,
let's
talk
about
each
of
those
in
turn
quickly.
Scalability,
if
you
have
a
hardware
Marketplace,
you
can
respond
in
the
market
globally,
can
respond
to
price
demand
and
demand
a
much
faster
than
any
centralized
company,
and
so
anyone
can
contribute
Hardware
to
the
network
and
turn
it
on
or
off.
Given
price
signals,
I,
don't
think
anyone
would
think
that
a
global
network
is
less
efficient
in
responding
to
demand
than
any
one
company.
A
No
matter
how
big
that
company
is,
you
also
can
tailor
offerings
with
a
Marketplace
to
users,
far
more
specifically
than
one
company
and
security.
You
know
when
you
have
a
peer-to-peer
Network,
it's
far
more
censorship
resistant,
because
there's
no
one
owner,
it's
a
network
and
anyone
can
host
or
use,
and
so
there's
no
legal
entity
to
compel
there's
no
management
to
threaten
no
directors
to
influence
and
no
shareholders
to
pressure
so
you're,
far
more
censorship,
resistant
and
you're
also
far
more
hacking
resistant
as
well
I
think
people
haven't
focused
as
much
on.
A
Not
only
can
companies
be
be
vulnerable
to
explicit
government
influence,
governments
have
infiltrated.
Companies
and
Twitter
has
the
long-standing
case
with
Twitter,
where
Saudi
Arabian
agents
have
effectively
effectively
infiltrated
Twitter
to
docs
Saudi
Arabian
activists
leading
to
to
jail
for
for
several
of
them.
Resilience.
A
A
A
We're
all
here,
learning
about
ipfs
and
filecoins
terrific
success
in
bringing
on
usable
storage
with
over
200
petabytes
of
data
stored
and
much
much
more
coming,
but
what
about
compute
and
the
compute
Market's
hard
to
gauge,
but
somewhere
between
100
and
400
million
or
so
right
now
growing
to
about
a
billion
in
2030.?
Is
that
a
big
number
or
small
number?
Well,
the
cloud
last
quarter
did
126
billion
in
one
quarter.
Now
this
is
not
exactly
Fair
because
it
includes
content.
Delivery
services
include.
A
Storage,
includes
a
variety
of
services
that
are
not
Apples
to
Apples
with
just
smart
contracts,
but
you
could
quadruple
it
or
cut
it
by
10
and
it's
still
shows
how
incredibly
tiny
smart.
Smart
contracts
are
in
comparison
to
the
cloud,
and
that
shows
why
there
needs
to
be
another
solution
to
peer-to-peer
compute
Because
by
the
way
smart
contracts
aren't
new
right,
they've
been
around
for
what
since
ethereum
launched.
So
this
isn't
a
brand
new
technology
here
and
why,
then,
is
open
peer-to-peer
compute
hard?
A
It
has
to
be
decentralized,
verifiable
and
scalable,
and
the
problem
is
that
being
decentralized
and
verifiable
without
blockchain
and
without
being
Unchained
is
difficult,
and
so
what
fluence
is
doing
is
using
combination
of
a
web
of
trust,
Quorum
and
ZK
proofs,
and
that
gives
us
the
scalability
so
we're
not
bound
by
the
smart
contract
constraints
by
the
on-chain
constraints,
and
we
look
at
the
competition
globally
as
and
where
we
want
to
compete
with,
ultimately
is
Amazon
web
services
in
the
cloud,
not
blockchain,
not
smart
contracts,
and
then
what
does?
What
do
we
get
say?
A
You
know
when
we're
successful
and
everything
is
launched
and
humming.
What
does
that
get
us?
Well,
you
can
then
see
in
an
open,
transparent,
Cloud
what
is
executed
and
where
and
by
who
and
the
code
can't
be
shut
off.
So
that
means
no
closed
ecosystems
and
any
code
uploaded
can
be
used
and
can
be
built
on
that
is
incredibly
powerful.
That
is
I,
think
a
creativity
accelerant,
because
developers
can
build
on
other
applications.
A
They
can
build
on
top
of
existing
code
and
that
open
source
authors
can
share
in
that
hosting
Revenue,
because
it's
clear
who
is
using
what
code
that
is
and
that's
a
whole
talk
in
and
of
itself,
but
happy
to
discuss
it
further
and
also,
very
importantly,
it's
Unstoppable
as
long
as
there
is
one
peer
available
in
the
world
to
serve
the
code
or
the
application
that
you're
looking
for.
You
can
get
it.
That
is
hard
to
underestimate
the
importance
of
that
feature
of
open,
peer-to-peer,
compute
now
for
filecoin.
Why
does
it
matter?
A
Why
does
it
matter
for
falcoin
miners?
Well,
because
filecoin
obviously
is
well
suited
to
incredibly
large
data
sets,
as
we've
learned
when
you
have
a
large
data
set
you
if
it's
useful
data
you're
going
to
need
to
run
computation
on
it
and
computation
is
easier
run
by
the
storage
provider
and
storage
providers
already
have
this
computation
sitting.
A
On
top
of
that
data,
and
if
you
think
about
what
does
that
data
mean
people
here
may
know
better
than
me,
but
we're
talking
about
satellite
imagery,
video
medical
data
and
what
is
compute
on
that
mean
it
can
be
removing
blurring
faces
in
video,
that's
computation,
it
could
be
moving
moving
away
clouds
from
satellite
imagery.
It
could
be.
You
know,
running
studies
on
on
data
or
determining
in
out
of
sample
efficacy.
A
Large
amounts
of
potential
there
and
far
easier
to
do
on
the
data
where
it
is
and
far
faster.
We're
convinced
that
compute
demand
is
going
to
grow
dramatically.
The
data
on
filecoin
is
growing
and
we've
seen
those
numbers
and
the
more
data
that's
stored.
The
more
computation
will
be
required
and
we
think
that
storage
providers
are
going
to
be
incented
to
and
will
actually
earn
a
great
return
selling
their
unused
computation
to
these
providers.
If
you
think
about
it,
we've
already
seen
auctions
for
unused
storage,
where
there's
negative
storage
costs,
as
there's
unused
capacity.
A
Well
think
about
that
for
computation,
you've
completely
unused
computation
across
the
filecoin
network,
so
you
may
ultimately
get
to
a
place
where
quite
quickly
where
storage
providers
can
offer
computation
at
a
minimal
price.
It
probably
won't
be
negative
because
you
have
to
pay
for
electricity
et
cetera,
but
there
will
be.
It
will
be
by
far
cheaper
than
computation
offered
by
the
traditional
cloud,
and
when
this
happens,
some
of
that
Revenue
will
be
shared
with
the
authors,
which
will
drive
usage
and
and
creativity
and
modules
and
more
useful
compute.
A
We've
already
launched
the
peer-to-peer
Network
we've
launched
our
language
Aqua,
which
basically
abstracts
out
the
complexity
of
authoring
and
composing
peer-to-peer
applications.
So
this
isn't
a
10-year
out
Vision.
This
is
existing
now
and
this
year
we're
launching
a
Swiss
Foundation,
which
is
going
to
be
our
Dow
governance
and
next
year,
the
compute
economy,
which
will
provide
the
incentives
for
for
storage
providers
to
charge
for
compute
and
for
software
providers
to
be
compensated
as
well.
A
So
what
kind
of
world
do
we
want?
We
want
three
companies
controlling
internet
hosting
and
content
moderated
by
nation
states.
With
you
know,
creativity,
stifled
and
huge
barriers
to
building
independently.
We
think
that
you
know
open
incentivize,
open
source
is
the
only
architecture
that
can
work,
and
so
I
think
everyone
here
wants
to
support.
Peer-To-Peer
and
I
think
that
is,
you
know
the
size
of
this
conference.
The
size
of
token
2049
show
that
there's
interest
in
this
and
I
just
hope.
Everyone
recognizes
the
importance.
Why
are
we
doing
this?
A
We
want
to
build
this
because
we
don't
even
know
the
type
of
creativity
can
come
afterwards.
It's
as
if
someone
built
you
know,
building
the
HTTP
protocol
could
imagine
Uber
no
chance
right,
but
when
we
build
open
systems,
the
creativity
and
the
applications
which
can
develop
are
very
hard
to
imagine
and
that's
what
fluids.
What
we're
trying
to
do
is
to
empower
developers
and
Empower
this
next
future
of
creativity.
So
with
that,
thank
you
follow
us
on
fluents.network
on
Twitter
includes
underscore
project.
Thank
you
very
much.